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HUNT'S MERCHANTS' MAGAZINE,
RBPUlflSEXrma TBB INDUSTRIAL
VOL.
AND COMMERCIAL INTERESTS OF THE UNITED
SATURDAY, SEPTEMBER
45.
CONTENTS.
Mnrkit
The ncolloi;
386
III Rtilniud Rat«s
United Siate«
3*7
York Oi uin Alovoment.
'J9S
lu tlio
Mew
Wecklv Railroad EarDlogs.... 3fl0
Rouk Notices
390
Monetary and Commercial
KngliBli NewB
391
Commercial ami Miscellaueous
Nows.
393
Wtek EncUng
In
Prices
llie
iit
Tork Stock Kxclianse
shares.
(1,49J.741)
bftle.^.
(4-11,100)
(Zn.26tt,-4-A
(50,4i>4,u00)
(Cotton
Prices of Active
New
ai8.«3i,78e
iStacka
Bonds at N. Y.
Stock Exchanse, and Range
8tH<n and Ruiliuad Bouds
310
since JauUHry 1, 18S7
3!»7
and Stocks
391 Prices of Inactive Uonda
Raufce
bunhels.
i'iratn
(Petroleum
bbia.
Boston
80.740,28»
4,47z,i00
398 Pr Ttdenco..
3V9 Hartford
ItiveBtmentaud RailroadNewa 400 New iiaven.
Local SHcuritles
395
l,531.fi.;«
Riillroad EaruiiiK-i
Terms of Sabseriptton— Payable in Adrance
Siibsi rip: ions will be continued until definitely
publl.slier'H uitiinot be responsible for remittances
6 10
11 28
Ji'i
78.
«1
88.
Bnbsoriptions
at Is. each.
and
WIlililA^ W. I>AVA & Co., Pnblishera,
lOa William Street, NKtV YOi*K.
^
J
POST UFFICB Box 958.
(28,842.001))
(-8-9)
(-38-l>
(-«-5)
73.203,«23
4.i9«.WX)
l,4U,.S93
-hin-.s
e5.102.02S
S.H72.4O0
-ill
48-9-
-8-8
-7-0
1,407, VI
1,21 .'.M74
90S,9j;l
714. /:9
4-12-4
4-3-0
B1,39;J,638
88,427,339
+9i
74.643,249
4*4
4*8
53.748.115
5«,405.i;08
-4'
67,900,248
+18-0
7.5la,157
13,104,22J
4-3: -5
9,.S-S0.H'\1
4-26-1
12.3«0.i'O7
-6-4
11,11N09»
—4-0
78,014,533
77,021,582
—1-3
78,399,206
4-15-1
68,727,075
10,4»7,«50
4,053,41
4,0«4,7ai
1,770,517
3,887,007
2,4r3,«SB
51,827,018
-I-13-8
-I-4-8
68.70S.HJ8
4-11-8
10,528,')S0
-1-lS-ft
-t-.ll
S.77i,10l
-f2li0
S,7i'4,8.H
I,n78.8lie
2,98ii,l«s
2.474. 17«
4-1-8
4-18-3
--SS-8
--80-a
New
England.,
Milwaukee....
Detroit
Indianapolis...
Cleveland
(^oiumtiUH
913, 438
944,3,S»
9,1<87,«5'J
S,0:12,8f0
3,2;'i.2i4
1,214,478
2,«57,:>;4
2,2B.'»,'V'^S
Penria
), 19.1,12.1
Omaha
3.013..'«6
2,14
Minneapolis...
4,x44,4:-i7
Denver
2.H10,278
4,(117.996
1,7H9,11I4
3,307.2113
Paul
3,eo8,»iti
7«;l,Hai
1,
424
Grand Rapids..
677,«)5
4H5.092
Wichita
Doluth*
Topcka*
738.58fl
327,35:
-^3•o
-2-ll
-r4.i-8
-f2r;-7
i-9-3
+bl-ti
-r4o-«
l,20l.4.''>3
2,617.911
8,;7i,n99
-fNl
+
10-6
•f2l-l
2,va
281.685
St. Lonis
St. Joseph....
Now Orleans.
ouisTille
Kan»aj< City,,
Memphis... ..
In the aggregate the bank clearings for the week ending UalTef>ton
September 17 are of a very satisfactory character, the present Norfolk
Total Southern.
total exceeding that for the previous week by |85,358,850. All
but eleven of the cities included in our statement participate San Francisco. ...
in this increase, and at six of these eleven the falling off is very
Total all
slight.
In fact, the only point at which the decline from last Outside New York
.
.
4-2S-9
4^45-4
4-114-3
l,:i49 54-.)
271.779
87,922,412
-hl4-»
97,024,352
17.597.131
1.181,394
16,372,590
1.153.4B7
-h7-5
+2-4
6,885,9.10
8,38.i.80
4-9-3
J8,700..%49
1,-234,751
5,331,.1«5
4,970.44
4.284,317
5.562,405
1,017,181
7,30a541
srs
-a-*
3,796,908
67-.0 6
101,059,221
1.56B,1.H7
l,3*9.1!e7
-14-4
--18-1
-
+48-»
710.W1
-hi 250
-l»-»
4-ia-i
S-ii,? •«
2
-I-47-6
.fiii
Total Western.
1
-1-4
-t8-3
91«,43J
504,933
Cincinnati
(
CLKAHING HOUSE RETURNS.
(-b-»)
-|-7tf
St.
.Smith, 1 Drapers' Gardens, E. C, who will take
advertisements aud supply single copies of the paper
cfe
(55,305,000)
(-li. 4)
(-f71-3)
-f25-8
ChlcaRo
Tlie
drafts
(-HW7>
(-<!9o.40O)
(12.-«-.2.(KlOI
(a77,»oo
888,'.i21
57:^,0tfM
Total Middle..
ordered stopped.
(1,841.898)
(-118)
(1,70».»'44;
(2t),7«0.l«
I.OxO.airt
PlttsblirK
Loudon Agents:
wrriiiv n nivi
jJJs'mo FU»10.
Fmvii
JOUNO.
562.627,925
Sprinttfleld...
Ualtlmord
'
Ebwards
P. Cent.
+8-5
1,210,0711
Pbiladclphia..
:
$10 20
unless made by
or Pobl Olllce Money Jriters.
These prices luoiude tlio I.svestors' Sdpplembst, of 120 pages
Issued oDoe In two montlH, aud furuislied witlioat extra charge to
aubsoribers of the Ciihosicle.
A tile cover is turulstied at 50 cents; postage on the same is 18
cents. Vo.umes bound for subscribers at $1 00.
Messrs
lo
1,07H,2J3
U41.014
W24.75B
Total
do.
ForKix Minitlia
European -iuiwoiiptlon (mcladlngiiostai?e)
Aimiiiil siiliHorlptlon in Loudon (iuoludlnK postage)
do
Six Mo9.
do
do
590,386,038
Hept.
Portland....
Worcestftr ..
Lowell
For Olio Y'iiT (inoludiuu poatagr)
Week Bni't
Sept. 17.
ii>
Sala of—
.
Mftrki>t, Foivlcii KxchauKV, U. StBtf-s Si'ourities,
1.161.
P. 0«nt.
New York
THE BANKERS' GAZETTE.
Money
NO.
24, 1887.
reached being |407,434,786 and 1347,041,038, respectively,
fho two years, or a gain of 17'1 per cent.
THE CHRONICLE.
Clearing House Eptiirns
.3«3
The l•'lllilUl^lul Situation
38 J
Xlie Tie.i8iiry aud Ihe Money
STATES.
-fl8-il
6.4i«,«74
-(•3 1 -3
7.^)3 7.7 75
-I-51-3
1.2 5.057
•i-33-tf
1.059.61
553,436
4-14-0
+0-8
4-24-4
4-24-1
4-47-2
-1-8 Ifi
-t-ao-8
—18*
-27-1
628.2-3
l,Mt3,04l
4T0,4(>2
40,518,611
311,118,210
4.12-2
42,149,98-
4-14-7
4-27-7
18,507,126
14.414,811
l\92fl.330
+87-9
95li,li4,92U
88i>,2-0,4-.;2
4-7^1
f70,771,0;o
4-9-0
"327.4i;o.'l3"41
298,904,384
-tU-&
308,143,145
Not Included In totals.
worthy of notice is Philadelphia, and an explanation
We liave received our usual telegraphic returns of exfound in the interruption to business on account changes for
the five days and they exhibit an increase over
of the Centennial celebration. The Southern cities are feel- the five days of the previous week. In comparison with
week
of
•
is
it is
easily
ing the effect of the movement of the cotton crop, wliich this the similar period of last year the aggregate lor tho seven
year is much earlier and larger in volume than in any previous cities records a loss of 3-0 per cent. The estimate for the full
week ended Sept. 34, based on these telegraphic figures, points
season.
to an increase over the week of 1880 of about 1 -2 per cent.
In comparison with the corresponding week of 1886, the Messrs. R. G. Dun & Co. report the number of failures for
gain at New York reaches 6-5 per cent, and in the whole tho week ended to-night (Sept. 23) as 183 (150 in the United
coimtry it is 7 '5 per cent, the excess outside of New York States and 37 in Canada), against 188 last week aud 187 for
the same time a year ago.
being 9 -6 per cent. M;iny cities continue to exhibit largo perWeek SmVi Sept. 17.
Week Bndin* Sirpt. 24.
centages of incre;ise compared with last year, Wichita still
Jleturru by Telegraph.
leading with 125 per cent, followed by Memphis 54';i, Peoria
.wi7
1887.
1886.
P. Cent.
!p. Omt
01'8, Denver 47'5, Indianapolis 45-8, Omaha 40'8 and Norfolk
1
New
4-«-4
York
590.«t9,987
611.910,628
612.812,895
33'6 per cent. Losses are reported at only five cities, and they
Salea of Stock (thares)..
(1.14»..-«8)
(l,(-64,4:in
(2.837.898) (-84-3.
(-Tfl)
are as follows: Galveston 27-1 percent. New Haven ll'l, Haiti Boston
1«0
4-88
68.089.844
65.. 91,759
57,268.1C8
—1-9
4-5-3
more .'»-4, Philadelphia 4'7 and Worcester 3-1 per cent. Car- Philadelphia
45.259490
82,178,151
49,573,651
-»«
4-21
10,' 107,463
ia.:>8'>.09a
10.217,145
rying the comparison back to 1885 and 1884, we find that the Baltimore
4iS.>.II7.00i)
4-U-»
Chicago
4-J7i
4-.(,8j1,000
60,400,000
present figures show an excess of about 30 per cent over the Bt.Loals
I6.0l7.3n<
+T«
•tie 4
14,194,570
ll,!'92,860
+46
4.:0 901
New Orleans
4.7o.«,9o8
4Ae.'a8
former year and 31 per cent over the latter.
-80 70l.429.2i7 "4-S4>
Total. Sdars
Share transactions on the New York Stock Exchange for
743!sn.SI3 7B«.6*<,»4a
4-M-8
4-184 lD8,l»2.a 4
Bitlmated 1 dsr.
t34,20e,8S7
152.«C6,ia)
the week cover a market value of |88,484,000, against $97,.
-0-6 867.S.1l.4'll *4*S
VOO.TTS. ai
Total
fall week....
b95.6l7,44«
330,000 for the week of last year.
As is our custom, we Bahinoe Coontrr*
4-18-8
•21-8
«8,2utt,l07
79.780.800
97,126,104
deduct two-and-a-half these values from the New York totals
(».*../srt
M a
it 9
(l"-2«l -MTotal we..|c.«ll.. ..
to arrive at the exchanges due to other business, the result
* vur tan lali «e«k, oaawl an lasi w...
1
-J
.
|
<
THE CHRONICLE.
384
$1,581,000 on Tuesday and $468,500 yesterday, making
a total of $3,522,000.
THE FINANCIAL SITUATION.
Money on
represented by bankers' balances has
call as
The range has been from
7 to 3 per cent, with the oSerings freer the last two days,
making the average), about 5 per cent. In time money
been a
little
easier
this
week.
there has been no material change; six per cent
for sixty days to six
months on
is
offered
first-class collaterals,
but
there have been very few transactions.
Out of-town
insti-
whom
heretofore
been
from
tutions
contracts
have
be fully loaned up, and the most of
do but little except for their own
banks
are
able
to
our
customers. The business doing in commercial paper is
obtained, appear
to
mostly to interior banks
limited
in
small
cities
night,
and
to
which
90
we remark upon
in
a subsequent
column, without materially lowering rates has given to
the money market a more quiet, easier tone. The response
to the offer
have received by telegraph from Mr. Switzler, of
Bureau of Statistics, the foreign trade figures for
August, which are just issued. They show results as to
movement
the merchandise
that
fair exports,
is,
balance of
has already begun, and in a liberal way, the
similar to previous months,
but large imports and an adverse
The
$10,310,000.
same
months of the three previous years are as follows, the
table covering gold and silver, as well as merchandise.
the
FORKiaX TRADE MOTKMENT OP THE UNITED STATES— (OOOS
Merchandise.
Gold.
Excels
Exports. ImvorU. of Ex-
Im-
Ex-
ports.
ports.
1887.
Jan
Feb
t
»
51,951 19.583
•4,379
59.156
62,894 2,423
T 1,534
54.777
March..
d.5.317
April
47.568
43,236
47,957
. .
May....
June. ..
July....
4»,.S98
August.
55,426
63.581
58.66"
61.232
56,60E
65,736
*
3,536
144
15430
629
1,677
2,445
1,494
297
620
496
243
904
505
2,177
5,979
•13J75
"7,20U|
•10310
negotiated,
would be
it
money market.
of Russia.
loan should
be
likely to further affect the Paris
It is to
ing not only directly
If this
be noticed that Paris
much
of the
gold
for
is
supply-
New
York,
Exeat
EXm
of
ports.
+ 115
«
1,194
1,332
1,218
1,417
1,384
982
1,384
1,718
t
721
1,019
436
1,280
541
766
671
340
issr. 435,211
479.8-.il •44610 14,162
7,900
6,253 16,303 10,679 5,726
isfse. 431.694 442.919 • 1 1825 9.936 40,050 t30,ll4 17,125 1 0,376 6,749
8,619
1885. 428.232 380,882 43,350
8,898
+279l22,«86 12,384 10462
1881. 453,829 438,545 13,7841 13.604'4O,015l+26,Ulll7,<'88] 8,830 9,11 8
*
Excess of imports.
Excess of exports.
t
No
one can examine these figures without surprise.
Here isa total merchandise balance for eight months against
us of $44,610,000, and
month
we add
if
the ordinary estimate of
balance due by us to the outside world
Bank
ports.
t
1,915
2,351
1,854
2,647
1,925
1,748
2,007
2,058
1,681
5,737
more yesterday.
The Bank of England minimum still remains
unchanged at 4 per cent, but discounts of 60 day to 3
months bank bills in London are 3|^ to 4 per cent, and
the open market rate at Paris is 2\, and at Berlin and
Frankfort 2f per cent. It thus appears that money is
becoming dearer at all the chief European centres, due
mainly, we presume, to the free movement of gold to
America. The cable reports that negotiations have been
resumed at Paris for a Russian loan of 125 million
the Imperial
ports.
*
2,907
+ 1,533
tl,867
tl.l05
607
S
578.
S2CI
•16013
Ex-
of
Imports.
ports.
Omitted.)
Silver.
Exceis
10 millions a
roubles in 5 per cent State railway rentes guaranteed by
for the
totals
ofierings having been about 3J millions on Ttiursday and
several millions
each of the
for
figures
eight months of this year and
Ytwr.
endorsed bills receivday
four months commission house
8
for
7
to
able;
names; and 7^ to 9 per cent for good single names
having from four to six months to run. These rates are
for an average quality of paper, some names being quoted
as high as 15 per cent, and others, but very few, as low as
The order of the Treasury Department to
6 per cent.
purchase 14 millions of bonds, &c., issued "Wednesday
60
for
We
the
and
towns; but in the aggregate the amount is larger than for
Rates are now quoted at 6|@7 per
or two.
ft week
cent
XLV.
[Vol.
for undervaluations, freight, etc., the
increased to
is
and yet notwithstanding that large debt
we imported in July net $1,681,000 gold and in August
net $5,737,000 gold, while in September gold is coming
$124,000,000;
by every steamer.
There have been no special unfavorable developments
in trade matters this week, though there has been some
in here
abatement of the activity which was such a prominent
feature of the situation early in the month. The difficulty
obtaining
ia
money
though
accommodation,
involv.
ing hardship to individual
borrowers and concerns,
having
in
a
salutary
effect
checking
towards an undue expansion of mercantile
we have shown
loans
not
is
is
tendency
the
credit.
As
in another column, the inability to effect
due
alone
scarcity
a
to
available
of
London as well. We learn funds, but also to the policy of caution enforced
by special cable to us that the Bank of Eogland return of among other things by the disclosures attending
this week, which shows a gain of £285,000, was made up some of the
recent failures.
The banks cannot be
by a receipt from Paris of £214,000 and a receipt from expected to lend money with any considerable freedom
but
making shipments
is
to
the interior of Great Britain of £121,000, and an export
to Lisbon of £50,000.
As
there was no material change
much
while they are confronted with so
evidence of over-
and commercial expansion.
Still,
this is a
in the gold bullion in the Bank of Prance during the feature which will effect its own cure.
For the present
corresponding week, this movement to London must have it is sufficient to know that the volume of trade is above
come from withdrawals the previous week, or come from the average for this season of the year. The margin of
the open market. The Bank of Berlin since the last report profit, of course, remains small.
has
lost
Our
£396,000.
foreign exchange market has been dull and droop-
ing this week under the influence of a pressure of bills
drawn against outgoing securities, the purchase of which
has been liberal since the sharp decline in our market,
and
trading
also
against large shipments of cotton.
In the dry goods trade there is less animation in the
than a few weeks back, but chiefly because
jobbing line
retail
It is stated
the
the
renewed,
although
we have not
learned the amount
shipped.
mand
In
and
the
is
noted,
case
of
industries
steel
though
steel
prices
barely maintained, though this
ward, and this indisposition may result in another temporary interruption to the movement.
The gold still in
region, the production of
estimated at about 2^ million dollars, the arrivduring the week being $1,472,500 on Monday,
transit
als
is
It is
the
it.
of
is
assured.
In
very active
de-
not
are
indeed,
rails,
Since then bankers here have been advised that
except when urgently demanded gold will not be sent for-
Since the resumption
was
a
had some
where
also
except
operations
accommodation
necessary
iron
money problem has
checkicg
in
effect
little
the sterling exchange market had so
far weakened that gold imports from London were again
Wednesday
that on
buyers have for the time being completed their
purchas^s, though the
higher.
quotations
rather
are
exceptional.
work
in the Connellsville coke
iron
has greatly increased, and
now larger than ever before. Hence it
demand is heavy, consumption is fully
is
that while
able to meet
Special brands of iron are very scarce, and orders for
SXFTKUBER
THE OH RON CLE
24, 1887.]
885
I
known that the offerings of 4^ per cents ,to the Gjvemment had been very small, a recovery took place. This
There is may seem paradoxical, but the theory was that it would
various kinds still goes on with great vigor.
perhaps a little uncertainty aa to the future, based on the lead the Government to extend the offer to purchase bonds
As this proved to be the
fact that prices do not advance, and encouraged by the so as to include the 4 per cents.
structural iron are hard to place,
all
the mills being reporied
new undertakings
indicating that the prosecution of
full,
building nfxt year
railroad
that
belief
smaller than in the present year. Still
bered that even
if
it
much
be
will
of
should be remem-
consumption does on that account
fall
within the power of the manufacturer to counter
off, it is
As
act the f ffect of that influence.
is
well
case the very next day, the market further advanced,
it
been quite strong since.
has
There have
and
been no
developments affecting the intrinsic value of stocks, and
earnings still continue very satisfactory, the
railroad
known, our im- returns for the second week of September being much
better than those for the first week.
The course of the
ought to be possible to keep market, however, must remain uncertain so long as the
foreign iifin 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
ports of iron and steel have been
But with prices low
year.
product r.
In
very large the present
it
trade orders are very numerous,
the coal
and both anthracite and bituminous
in active request.
is
some
seem
liberal disbursements,
Until,
illimitable.
but the wants of the interior
therefore,
return
a
flow of
The strike in a 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 jr.
advanced during the week. At Chicago the supply of hard
The following statement made up from returns collected
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
Recelt'ed by
Shipped by
Net InUrior
IVetk ending SepUmber 28, 1887.
at this juncture?
It must be admitted that the Central
iV. Y. Banks. N. r. nanktJ
Moptnunt.
C3.52A.00O
TjOM ti 4iil.OOO
1 1,0115,000
Pacific people have not exhibited the same willingGold
1.007,000 |Lohi..»1,007,000
ness to aid the Committee in their work as have the offiTutal gold and legal tenders. ...
tl,06S,000
M.53S.0O0 ILom..* 1,48^,000
cials of the Union Pacific, who apparently had nothing to
Ttie above shows the actual changes in the bank holdconceal.
The Committee, too, shows a not unnatural zeal
ings of currency and gold caused by this movement to and
in seeking
to probe matters to the bottom.
Ttiat
from the interior. In addition to that movement the banks
indeed
less,
is
their duty,
however, do
we
and
is
None
expected of them.
think their action
many
gives prcminence to a state of things existing
ago, while the great need of the
attention on the
state
moment
aflais
of
of
the
unfortunate.
It
years
to concentrate
is
today.
Moreover,
—
nothing new in the facts brought out the
letters which Mr. Huntington is charged with having
while there
is
written having been printed several years since
must be
effect
against
the
not
will
subsidy
hesitate
pretext
a
to antagonize
still
roads.
Self-seeking
make
to
opposing
for
the
all
—yet the
further public opinion
politicians
evidence
efforts
for
adduced
adjusting
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-
Now,
ing.
to those familiar with the requirements of the
situation this is reason for unqualified regret.
It is
have
lost
$1,300,000 through the operations of the Sub-
and have gained $3,400,000 through Assay
payments for gold imports. Adding these items
the above, we have the following, which should indi-
Treasury,
Office
to
cate
the
New York
loss to the
total
Clearing House
banks of currency and gold for the week covered by the
bank statement to be issued to-day. It is always to be
remembered, however, that the bank statement is a statement of averages for the week, whereas the figures
below should reflect the actual change in the condition
of the banks between Friday of
this
last
week and Friday of
week.
Wetk Midlnj September 23,
1887.
Into Bank3.
Out of Banks. Net Change in
Bank
1 1,065,000
Sat>-Trea8- opera,
and gold Imports.
Total Bold and lesal tenders
even
- - -
11.31,0,000
14,533,000
9,JOU,000
fia,3:)5,l)00
«ia.7.M.000
Uoliiinoi.
I,oss..»3,4«8.000
Gain.. 8,100,000
'l>ss .tt.3a8.000
The Bank of England gained £285,000 bullion during
Government than it is to that
scheme for meeting the indebted- the week. This represents £164,000 net received from
The Bank of
ness of the roads should be devised and carried into effect. abroad and £121,000 from the interior.
Existing provisions of law are entirely inadequate to that Prance lost 150,000 francs gold and gained 775,000
end.
In fact, the debt is growing larger each succeeding francs silver, and the Bank of Germany, since the last reyear, and a continuance of that process involves a real port, shows a decrease of 7,920,000 marks. The following
indicates the amount of bullion held by the principal Gurodanger and risk both to the roads and the Government
to the roads in jeopardizing their existence, and to the pean banks this week and at the corresponding date
more
to the interest of the
of the railroads, that a
Government
in impairing
only feasible plan for
been suggested,
is
the efiBclency of
The
its lien.
last year.
solving the difficulty that has yet
that of extending the debt for a period
and making it payable in certain fixed instalments not above the ability of the roads to meet. Perhaps the Commission will recommend such a scheme, but
in the meantime it is in the highest degree desirable that
Gold.
of years
public opition should
this
we
not bo further antagonized, and
fear will be the effect
of such
examinations as
those of the present week.
The stcck market
entirely
this
week has teen influenced almost
by the varying prospects of the future of the
money market.
Eirly in the week when it was reprewould be no change in the Treasury
policy, prices sharply declined, and at times the market
sented that there
erged
close
on to a panic.
On Wednesday,
£
it
sutler.
£
Total.
Goto.
43, 1888.
£
£
surer.
£
Jbto'.
£
England
France
«),675.8SI8
80,675.888
8M0M,3O4
47.V77.914 47.8SH.SI0
95,117. 84
54.846,588 46,450,881 100.897.343
Germany*
20,8e0,«7ii l«,^88,030
AU8t..Uun(t'y
Netherlands..
Nat.BelKlnm*
National Italy
39.54B.00O
6.9U7.000 u.iss.ooii; ao,u95.oao
8.1B8.000
4,887,000
1-;,495,000
8,501,000
6.983.000
31.408,304
19,«68,890 15,550.111)
6,467,0nt. i3,ew«.ooo
33.813.000
:o.l63,000
14.086.000
6,574,000
8,118,000
1,850,000
8,751,000
8,708,00(1
1,351.000
4.063,000
l.lW.OOOj
S.lOl.OOOj
7,S48.000
1,850,000
8.51)8.000
Tot. this week l09,8Sy,778 «I.451.:)4O2l».«-1.118i'llfc.0Ot.7l(l H5,409,u31' 804.4 18.647
Tot.prer.w'k. 109,SiS.I*l» 91.598.060 20O.92^.5^6' 119.057.970 8^.la3.48>'«04.«81.^•8
* Tbe dlTlBlon (between Kold aud sUrer) given In our table of coin and
bullion in the Bank of Genuanj- and the Bank of Bclglam ta made from
the ^e^t estimate we aire able to obtiitn; in neither case U it ololmed to be
aoonrate, aa those banks make no dlatinction In tlietr werkly mporti),
merely reporting tbe total gold aud gllyer; but we believe the diviaion
we make
a close approxlmailon.
rereive the above results weekly by cable, and while
of the date given at the head of tbe column, they are tbe
is
Note.— We
not
after
September
September 2i, 1887.
Banks a/
all
was retoma Issued
ncurcst to that date— that
Is,
the latest reported Oi^ares.
THF CHRONICLE.
386
The Assay^Office paid $179,264
througti
the
bio.
Treasury for domestic and $3,408,314 for foreign bullion
the
during the week, and the Assistant Treasurer received
the
money
Oonnating of—
DuHa.
Date.
Gold.
Total..
liflcates.
$10,000
6,500
8,500
7,000
33,000
$364,000
2,38d,000
$2«3,i;oo
$3,073,788 53
471,222
785,879
477,113
458,986
Silver Oer-
$362,000
317,000
370,000
613,000
311,000
348.000
$3,000
4,000
6,000
43.^^,540
Ookl
Oertiflc'a.
$40,000
05,000
55,000
85,000
63,000
51,000
88
51
63
51
99
01
$415,043
Sept. 16
" 17.
" 19.
" 20.
21.
" 22.
U.S,
Kales.
48.1100
40,000
47,000
56.000
52.000
pressure
great part
beneficent
prove
f
its
its
began, and as scuted
Eyen
cause.
Vol XLV.
were in
tuey
railroad building
—however
continuance under proper conditions might
late marvelously rapid, running beyond
— has been of
the wants of the country where the main extensions
have been in progress, and in the natural course of events
would progress less the coming year than the current
mind how much currency might be put
one, never
It
afloat.
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-
which accounts for its being
In a section of the Northwest, for
instance, much more road will have been built during the
fined
to
special
localities,
sooner overdone.
Included in the above payments were $7,000 in silver
coin, chiefly standard dollars.
fifteen
THE TREASURY AND THE MO^EY MARKET
months ending with November than
in a
like
length of time in any former period, notwithstanding the
same
seemed pretty well cut up with rails before.
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
gate amount of 14 million dollars, and to pay withouc as a decision that should be encourag-d rather than dis'
a source of strength and safety to the railroad
rebate on and after the 26lh inst., interest due October Isi couraged
amounting to 6| million dollars. This action shows a and financial situation and the removal of an element of
due regard for public and private interests, but no dispo weakness and danger.
Oue should take the pulse of the street, mingling with
sition, even if the Departm €ut had the ability, to keep alive
or reanimate the vicious speculations and overtiaiing leaders of opinion freely, if one would ga.is^e the extent of
which have brought us into this state. Of course as a the fear and loss of credit this rivalry in railroad building
first result all stocks jumped up
The Government, we repeat, cannot
but reflection will has produced.
lead to discrimination in that as well as in other markets. restore that only a season of comparauve rest will do it.
For the effect of any such purchase, has, as the New Nor can the Government restore to sioc.k values the old conYork Times well says, limitations which are beyond fidence, for the good always suffer wuhq the bid are uncovthe power of the Government to remove. The mere offer ered.
We must have time to dim a little the vividness of
relieves the scare as to the future which had settled upon the memory of 40 per cent tumbles in a night we must ia
the communities of the East and aids merchants of sound some measure forget the loans made on securities sap-
The Treasury Department seems
to
have exercised
its
section
If now, as report says,
—
;
;
;
It does not,
credit.
however, inflate collapsed bubbles or
an atmosphere in which to float new ones.
When we last week urged the Government
posed to be valuable, but which, when put up for
no buyers.
afford
Nor can
the
Government bring
sale,
found
into being
to show again those specalations in commodities which have had
bond purchases, we did not mean to their brief day time is first needed to lose in a degree
be understood as endorsing either of the twin errors (
the smart which collapsed wheat and other corners, accomthat the Treasury is the cause of the liquidating move- panied by large bank and other losses, have left, before
ment now in progress, or (2) that it is within its power to courage or credit can be secured to try such ventures
more
liberality in its
;
1
'arrest
it
at
will.
we have
claim
Proof of the inaccuracy of the
first
again.
We
recall these events, all of recent occurrence,
found by compariog not because we believe the general situation is at present
the bank condition with the condition a year ago, when unsafe.
TUe fact that they are now in good part events
the money market was easy by comparing the holdings of the past and that we have so far passed through them
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 assurances of real strength
while other railshowing that the circulation in the hands of the people road developments of an opposite nature have served ta
has increased about ^70 millions during the year. Witb increase confldence in at least trunk line railroad properoften presented.
It is
;
;
;
no material change in the bank and Treasury coDdiiion, ties, imparting to them a more permanent constant va'.ue.
and with this large addition to the currency put afloat in Wuat we desired to emphasize was, that credit has been
the twelve months while we have been passing from an afffcted by events entirely outside of Troasury accumulaeasy to a close
that
money market,
the Treasury
is
the untruth of the charge
the cause
of the
present
distress
tions,
and a
full
recov.;ry is equally
bayond the reach of
Treasury disbursements.
it would seem, to be obvious to every one.
Similar conclusions are also found to be true if one
But we have written upon this point frequently and examines the mercantile situation. It is not because
there is no need for enlarging upon it now.
We refer to money is in short supply that merchants cannot ob-
ought,
it
again only because recalling
it helps one to realize the tain accommodation
the market for mercantile paper
obvious but essential trutu that Government disburse. is suffering under mistrust
whicU comes from a
ments at this jancture cannot, however large, restore tue lack of confidence as to the financial euduraQce both
general confidence felt a year ago.
That is the mistake of the purchaser and the seller.
Ltnd speculations
under wHich the vigorous calls of the past week for an. in the interior and consequent slow colleciioos from those
;
less
unloading of the Treasury surplus are made; for they sections are the basis of tho former, and bad failures in
assume tbat it is not only within the range of the Govern- many traies the cause of the latter. Ai a result, while
ment's authority which
it certainly is not, but that it is
loans have all along been easily proouraible on first-class
power to restore a situation as to credit railroad bonds at 5|^to 6 per cent, paper has ranged from 7
which did exist and does not now. Such an aim or hope to 15 per cen'', and placed with great ditfiouli.y at that.
cannot be attained or realized. The extreme limit of How is it possible, for instancs (to cite a recent case) for
many of the prevtlent illusions had been reached before mercantile credit not to be unfavorably affected by the
also within its
THE CHRONICLE.
El'TKMBER 34, 1887.J
E
failure of
S.
Wnoelor
&
The
Co.
of banks and
list
bankers carrjing their obligations has been published, and
it is a long one. Obviously, every merc*ntile borrower in
the marke'u must suftor from that single catastrophe.
was stated that
When
387
Mr. Poor's summary of
United States are so strongly corroborative of the figures bearing upon the same su^ij^ict
given by us frooi time to time. Our own figures have
certain statistics which appear in
the railroads
the
of
was usually related to the case of individual companies, or
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.
seem to prove that credulity must have been easy even i' The features which a careful study of Mr. Poor's tabloa in
this regard brings out, are three
first we find that though
the money market was not.
These suggestions are sufficient to show that we ha ve been gross and net earnings for 1886 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
the Governmeu' vaults and let out its entire holdings which these earnings are based has been increased over
trust funds and all, it could no': bring confidence in values 17 per cent; secondly, we see that since 1883 both pasback 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
^nancial circles, and therefore the money market a fear unfavorable comparison as to earnings is not due to any
finally, and followthat any week's transactions might bring the banks so far diminution in the volume of business
jn debt to the Treasury as to force a severe strain and ing from tho other two statements, we find that average
possibly a sharp disturbance among the banks and rates on passengers and freight have fallen oli from
the people. That anxiety for the time being has been 10 to 16 per cent There was a slight decline in the aver
the failure was Qrst announced
it
Tae
caused by the tight money market!
it
millions
:
—
;
age even in
relieved.
1886, notwithstanding
higher rates in
the
on the trunk lines (compared with the previous war
rates) and the large amount of new mileage added, on
which rates of necessity are high at first. Hdre is a
table exhibiting the average per passenger per mile and
force
THE DECLINE IN RAILROAD RATES IN THE
UNITED STATES.
To
Eo
the student of railroad history in the United States
fact
of such striking significance as the gradual and
is
steady decline in rates from year to year.
railroad system
was in
its
infancy and
of course only reasonable to
tariffs
per ton of freight per mile for each of the last five
years.
While the
high, it was
AVERAGE BATES ON UNITED STATES
Pa»»«iser»
expect lower rates with the
and
Freight.
HAII.KOADS..
1886.
1885.
Cl».
OtS.
1834.
1883.
188S.
Cts
OtS.
CIS.
I
growth and development of the country and the enlargement of the volume of traffic. But after a tolerably low
basis had been reached, to find them still dropping has
occasioned disappointment, and accounts for the bad
results that have attended some new ventures.
Thus, for instance, those engaged in promoting enterprises which originated in the period from 1879 to 1882
believed that a further serious fall in rates was unlikely.
The mistake was natural, and one cannot help thinking how
different the aspect of things would be to-day if the very
reasonable hopes entertained with regard to this matter
had been
realized.
How many
of the roads
which were
forced into bankruptcy as the result of the opposite state
GnrnlnKS per passenger per mUe
Earnings per ton of freight per mile..
The feature
of this exhibit
218r
2-ioa~| 2'368
1-018
1-057
is
I
1-1!!4
1-238
I
2'5U
1236
not alone the diminution
the period covered, but the absolutely low
in rates
in
figure to
which they have now been reduced. The averis only a trifle over*
age on freight for the whole country
a cent a ton
mind
of
that
road,
it
per mile.
includes
new
This
all classes
is
remarkable, bearing in
of freight
show such a record as this ?
average was nearly a cent and a quarter
We may
larger
suppose that the
and
What other
As recsntly
as well as old.
traffic
all
as
1883 the
—actually
now includes
classes
country can
1
236.
a somewhat
proportion of the bulky or low-class freights, but
would have avoided insolvency, and might even allowing for that the decline in the short space of
today be paying interest or dividends on securities that three years of nearly two-tenths of a cent (194-1000) is
nothing short of marvellous. The average per passenger
have since been extinguished.
But circumstances turned out differently. Tuis 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.
greater competition they caused, but also in large measure was over 2^ 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 1886 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 force in 1882, earnings would have been about 134
of
it
things,
imperative
for
railroads
to
reduce
transportation
For these reasons, railroad rates, both passenj
ger and freight, have almost uninterruptedly declined.
Hepeated rate wars, though in reality the outgrowth of the
prevailing conditions, have accelerated the downward
movement. A rate war is of course an unnatural and
abnormal state of things, and when rates are again raised
after such a war, as inevitably they must be, unthinking
and prejudiced people not infrequently make a great
outcry against the proposed advance
monopoly and
extortion are freely charged.
Nothing is clearer however
than that after a war rates are almost invariably lower
than before the war. Facts and experience alike teach
charges.
;
million dollars greater than they were, 102 millions of the
increase accruing on freight
gers.
and 32
millions
on passen-
This being understood, the following table of the
and net earnings for each of the last five years
be presented without any further explanation. It
will be seen that while the 822 million gross earnings of
total gross
may
1886 compare with 765 millions in 1885, they compare
with 807 in 1883, and the same with regard to the net,
the aggregate being 297;^ millions, against only 266A
millions in 1885
1883.
Of
and 1884, but as against 291^ millions in
and debt, the
course, as in the case of stock
fact that the figures cover fiscal years, instead of calendar
totals smaller than they otherwise
but the important point remains that the 1886
Though having referred to this matter many times earnings are scarcely larger than those of 1883, though
tpefore, we are moved to jefer to it again now because the mileage on which the^ eatuiogs are based has in the
this.
years,
makes the 1886
would
be,
THE CHRONICLE.
388
EECEIPTS OF QKAIN AT
increased from 106,938 miles to 125,146
meanume been
August.
miles.
1M,146
miles
1,384,147
10-88
1,293,700
9-21
1,954,
1,340,
15-
12
1,15C,S19
9-01
1,236.907
8-81
1,311
1,579
W..bush.
Percent.
West Shore .bush
Percent.
Various RRs.bush.
Per cent.
411,606
411,00D
270,431
2-13
422,053
1886
Total BR.. bush.
million
Per cent.
5,853,326
46-02
6,693.9H2
47-69
Examining now the traffic movements, we
both the passenger and the freight totals
before.
than ever
larger
As
that
find
for
against 360
and 400 millions
and
millions
482
over
was
1866
in
number
in 1883, the
the number of tons moved one mile in the same time
increased from 39^ thousand millions and 44 thousand
tons of freight actually
moved
in 1882,
Del. L.
millions to over 52J thousand millions, being in each case
an addition of one-third in four years. The passenger
same
story.
.
bush
&
In 1886 382 millions were
3-24
Per
all
.
2,630,841
23-17
2,287,779
16-93
2,105,809
15-57
10-
14
210,
462,
159.6,7
IMl
4
1
412,
fii
3-
88,481
0-34
321,
43,
2 97
3-00
68,700
0-54
25i,5»7
6,796,400
7,091,483
50-51
53 44
cent.
6,017,9ja
55-73
7,023,991
57-22
6,525.81
57-50
794,69i
138,995
6-48
1-80
37,568
0-27
9,000,963
66-58
331,321
291
1-29
4.640.900
4,458,336
36-30
42-9-t
12 7W.426 14,041,0721 12,275,019 10.797.834'
.-b"»>>
NOTE.— In
1912
21
4,569,818
33-80
j
River & coastw.bu.
Per cent.
Canal
bush.
Total
1882.
1,526,810
13-46
8-93
8-39
AUOUST.
2,170,038
2,3 L4.
24'
594,706
431,0I!6
.
;
statistics tell the
.
Per cent.
207,311,815l266,488,9»3 266,518,911 291,687,188, 261,818,769
Net earnings
Pennsylv'a
$
I
822,191.949 765,810,419 -63,308,608 807.112,780 727,9-17,310
524,880,334 U»S,821.42« 496,792,697 515,521,192 163,168,641
Gross earnings
Opera' tng expenses.
are
93,752
106,938
113,172
$
$
bush.
Brie
1832.
XLV.
1883.
3,01)0,1
Per cent.
1:22,110
1885.
2,737.628
19-50
Per cent.
Boad worked
1886.
2,205,887
17-31
1884.
1885.
1886.
V. S. Sailroads.
NEW YORK BY ROUTES DURING
1887.
N.Y, Cent.. .bush.
UEOSS AND NET BAKNINGS.
[Vol.
1-74
4,492,861
3H-59
IJ
235,318
4,281,600
31-70
,34»,82kI 13,520,830
has been reduced to grain on the baslit
of iH bushels to a barrel, and no distinction made in the weight*
of the dlfterent kinds of bushels, all being added together on the same
tlie
above table
fluiir
basis.
A
fact
some sigaiQcanca
Of
in
bearing upoa the
its
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 Fuiladelphia, Baltimore
millions, against about 8^ and V^ thousand millions re- and Boston they were all heavier,
the aggregate for
In other words, though the three points being 11,084,277 bushels this year,
spectively in 1883 and 1882.
carried, in 1883
;
earnings have improved so
little,
8,738,000,000 more tons
1,118,000,000 more passengers
of freight one mile and
one mile were carried in 18S6 than in
1885.
1886.
less
question have
in
grain than
ence in favor of
Ne v York,
result
is
only
that the
1,634,149
while in 1886 the differ
New York was 4,073,669
1882.
1883.
1S84.
received
bushels. If
we go
back to 1885 the change is even more marked. Then
New York's rivals received all told only 4,790,052 bushels
AND PASSENGER MOVEMENTS.
IfKEIOHT
three ports
Here are bushels
1883.
the variations for five years.
The
against 9,967,403 bushels in 1886.
New York
grain, while
of all kinds of
got
12,275,019
Freight.-
Tons
482,243,254
Ton milts
Paw.—
Number
39,302,209,349
52,803,070,629;49,151,894,469i44,725,207,677|44,064,«23,443
334,570,766
8.778,581,0al
351,427,688
382,284,972
.
Miles
360,490,375
400,453,439
399,074,749
437,040,099
1
9,639,6W8,294' 9,183,673,95ft
From what
has been said
312,686,641
889,030,783
8.:41,309,674
7,483.03i(.934
clear that except for this
favor
in
of
this
port
being
7,484,967 bushels.
It
has latterly been claimed that
some
it is
difference
the
bushels,
of
its
New York
was losing
export business to the other Atlantic ports
the cut in export rates
by the railroads being supposed
—
wonderlul growth in traffic, the decline in rates would to have its origin in that circumstaace and the changes
have been impossible. As to the future, we agree noted would seem to substantiate the claim made. Bat
with Mr. Poor that the average charge is now so before accepting that conclusion let us see in which of the
low as to admit of little further decrease still, no different cereals the most marked changes occur, for of
;
may
For course some of the cereals figure only to a small
go.
seem to have extent in the
export
trade.
For
this
purpose
given a check to the movement. At any rate earn- we will compare simply the results of 1887 and 1886,
ings have continued very satisfactory so far the current and not those for 1885, the latter having been a year when
year, and Mr. Poor estimates that the total gross for 1887 the wheat crop in the Oaio Valley was a disastrous failure
will reach $900,000,000, on which basis the comparison
a fact which would operate to the disadvantag-) at least
in that particular with the earnings of previous years of the two ports south of New York. We find that at New
would be decidedly more favorable.
York the principal alterations are comprised in the items
Waeat and corn sho » each a
of wheat, corn and flour.
one can say how
much
the present the
further the decline
Inter- State
law would
—
THE
NEW YORK
fafling off of
GRAIN MOVEMENT.
abjut 900,000 bushels, while flour shows an
increase of about 560,000 bushels, so that the three items
Notwithstanding the cutting of rates on export business
account for 1,240,000 of the
—an influence
receipts of all kinds of grain.
by the trunk
line railroads to the
which might be expected
seaboard
impede somewhat competition
1,322,000 falling
On
off
in the
the other hand, of the
1,116,000 bushels gain
at the other three ports, 503,000
and 167,000 bushels more in malt, neither
grain to New York during the month of August than all of which are export staples of any consequence.
To that
the rail routes together, and had a larger proportion of extent, therefore, the assumption that the relatively imthe total receipts at this point than in the same month of proved position of these ports, compared with New York,
any other recent year. Tiie total receipts for the month is connected with changes in the export business, is not
by
the canal
to
—that route
of transportation brought
were 12,718,426 bushels, and of
delivered 6,796,400
whole.
bushels, or
this
53-44
more occurs
amount the canal supported by the
per cent of the
In August, 1886, the amount coming by canal
was somewhat
larger
receipts were very
(7,091,483
much
in oats,
bushels),
but
total
larger (14,041,072 bushels), so
that the canal's proportion was only 50-51 per cent.
In
facts.
Still,
three ports have
lost
very much
corn), while as regards
gain
is
receipts of
!.he
lent of 2,262,775 bushels in
amount
coming by canal decreased only 295,083 bushels. Tne
1887.
following shows the arrivals by each of the various routes,
further and see
rail
and water,
fell
in
oif
August
1,322,646
bushels, the
of the last six years.
less
than
New York
It
claim.
flour a
very large
shown, the total having increased from the equiva-
with
year
any means
(only 400,000 bushels in wheat and but 130,000 bashelsin
Other words, while the aggregate receipts as compared
last
that does not by
dispose of the inquiry, for in the case of wheat and corn the
1886 to 3,273,034 bushels in
would seem necessary, therefore,
how
to
go one step
the figures of exports bear out the
In the matter of
flour,
the evidence certainly
Seftember
THE OHRONICLE.
34, 1887.]
Using Mr.
points that way.
S'Ariizler's
figures of ihe
total of
389
593,203 barrels received during themoatb, 579,912
by us last week, we find barrels was delivered by the railroads, the remaining
that a greater quantity of flour was shipped frotn Balli- 13,291 barrels having come coastwise.
In a'ldition to the
more than from New York even, the exports from New wheat and corn arrivals the canal's deliveriei embraced
York being 334,872 barrels, while those from BaUimore 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 (oat of 521,300
exports, published
breadsluffs
phia together shipped
687,296
barrels.
Moreover,
as
bushels).
compared with a year ago, New York has increased only
With reference to the total rail deliveries at New York,
from 288,677 barrels to 334,872, while Baltimore has both the amount and the percentage is the smallest for
increased from 222,463 to 462,357 barrels, and Philadel- that month in recent years, as the table above shows.
phia from 32,054 to 70,212 barrels, though Boston has Compared with the previous year, however, the changes
experienced a decline from 245,848 barrels to 154,727 in the proportions of the different roatls are very slight,
When we come
barrels.
dition
of
things
to wheat,
As
reversed.
is
however,
this
against
bushe's exported in August, 1886, the exports from
York
this
And
year were 5,169,754 bushels.
con-
3,082,164
New
the most important being that of the
which had
New York
Central,
17-34 per cent of the whole this year, against
The Erie has increased
19 50 per cent in 1886.
while centage from 9-21 per cent to
its per-
lOSS, the Pennsylvania
New York
has been gaining so largely, the other ports from 8 81 to 904, and the Lackawanna from 2 93 to 324.
have been losing. To be sure, at Boston the shipments The West Shore and the " various roads" have lost.
have increased from 373,293 bushels in 1886 to 673,312 When we examine the figures for the eight months ended
bushels in
1887, but
decrease fiom
at
1,562,327
Puiladelphia there has been a
with Atigust,
bushels
period the
to
1,451,486
bushels,
we
find
much more marked changes. For this
New York Central has
suffered a decline in ratio
while at Baltimore there has been a decline of over a
from 23 37 percent to 20-9 1 per cent and inamount from 17,million bushels, or from 3,076,341 ,to 2,063,780 bushels
693,280 bushels to 16,563,834 bushels, and the Lickawanna
In a word, last year 3,082,164 bushels were exported a decline from 8-96 to 4-48 per cent, and in amount from
from New York, against 5,011,961 bushels from the 6,787,294 bushels to 3,550,825 bushels. The Erie and
other three ports.
million bushels
New York
Tbis year
more than the
the figures standing at
nearly a
lias
other ports combined,
5,169,754 and 4,188,578 bushels
respectively.
As
the
West Shore on
hand have increased very
Thus the latter brought
the other
both in ratio and amount.
largely,
in 6,598,109 bushels this year,
being 8'33 per cent of the
whole, against only 4,179,544 bushels, or
the wheat exports
the flour exports,
it
thus
may
tell
a different story from
be well to combine the two,
counting a barrel of flour as the equivalent of 4^ bushels
In this way we get a total of wheat and flour
exports from New York of 6,676,678 bushels, against
of wheat.
7,281,410 bushels for the other Atlantic ports.
last year;
and the Erie brought
19-45 per cent, against
cent
1886.
in
made
1.3,290,761 bushels, or
much.
17-55
or
per
its
In the following a comparison
for six years.
Last year
RECEIPTS OP GRAIN AT NEW YORK, BY ROUTES,
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 shipments from New York haveiocreased over 2^ million bush,
els— from 4,381,210 to 6,676,678 bushels— miking it evi-
per cent
The Pennsylvania has not varied
figures of last year
is
5-52
in 15,409,501 bushe's,
JAM. I TO ACOnST 81.
in
dent that the position of this port in that respect
rather than worse than in 1886.
corn.
At New York
is
be tter
So, too, in the matter o^
Boston there was a decrease to 26,662
bushels from 51,227
I
to
bushels, at
Philadelphia a decrease
188T.
1886.
1886.
1884.
18SS.
188S.
jlui). 31.
.Bushels.
N. T. Cent.
Per
.
ot.
16.66-!,i>3)
20-81
Btuhelt.
Btuhelt.
Buthelt.
Biulult.
Buthelt.
17.693.-^80
23.672,274
80-08
19,148.246
30-54
21,951.969
29-28
22.rtf9,163
15,607.846
19-92
12,806,123
20-43
17,337.942
23-58
13.592.393
21-59
8,963,801
23-37
13.290.761
Perot.
15,409.501
19-43
PennsylT'a..
6,84-i,075
6,4r9.«66
Brto
Per
ct.
Del.L.AW.
Perot
West Shore.
Per
there was an increase in the exports,
the total this year being 825,899 bushels, against 805,387
bushels, while at
Jon.
ct.
Var'ns RRs..
Per
ct.
Total RRs.
Perot
RlT.A coast..
Per ct.
l-;-55
:)8-03
10,468.347
13-38
e,739.88i
10-75
8,617.203
11-71
3,550,885
4-43
6,787,204
8-96
4,300,607
6-49
3,239,592
2.996,984
4-07
6,698.109
8-33
4,179.544
5-52
6,734,408
8-39
9,170,871
3,825.850
5-05
561,331
0-72
8,380,676
5-34
438,831
0-80
443.636
0-70
62,25».593
81,247.813
45,284.22-i
60,943.329
69-23
45.«78.««3
79-r4
2.534.873
8-44
1.7611.070
8-as
8-S3
53.940,215
6808
745,844
0-04
8-5't
517
e9-oi
7816
72-23
1,226.588
1-62
2J8(I8.894
1,644,909
2-00
a-46
u-as
2-80
from 28,348 bushels, and at Biltimore a decrease Canal
24,540,000 22.244.902 14.841,690 15.864,361 20.1W,293 15,5;6.01T
30-98
29-.37
18-94
Per ct.
23-31
27-34
24-66
to 134,044 bushels from 290,851 bushels.
Total all... 19 22«.059 75.7S8.081 78,358,397 82,893.082 73.592.899 62,967,080
This seems to dispose of the idea that New York's
smaller and the other ports' larger receipts of grain are
The revenue which the trunk lines derived from the
in any measure to be attributed to deflections in the grain traflSc 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
bringing out, namely that in the case of wheat and a falling off in the quantity carried, and in addition rates
corn at least, it is the Erie Canal rather than the were lower.
The cut in the latter was confined to export
railroads to New York that have formed the chief shipments, which, however, may be taken as comprising
competitors of Baltimore
and Philadelphia.
Note the bulk of the movement. It has been 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.
by canal, leaving only 689,700 bushels as coming by rail- Instances ot this kind, however, were not numerous. We
road.
On the other hand, substantially the whole of the think that a fair 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, 18S6, 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 614,186 the different cereals making up the total.
We add com.
bushels total receipts this year, the canal had 626,500 parative G/ures 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, 18.S6 and 1885.
to 2,796
THE CHRONiCLR
390
APPROXIMATE GROSS REVENUE FROM THROUGH GRAIN TONNAGE.
Jan.
August,
1885.
1887.
»
New York Central..
90.000
Krie
87,000|
47.0001
Pennsylvania
&
Del. Lack.
West..
17,000
] 8,000
West Shore
2«0,000
Total.
(
154,000
73,000
t
103,000
68,000
70,000
45,000
83,000
SS.OOO
7,000
353,000l
14,000
"[
to
AuQ.
1836.
1887.
t
I
890,000 1,053.000
856,000 801,000
350,000 387,000
410,000
251,000
194,000
367,000
31,
1885.
903,000
588,000
406.000
109.000
250,000
235,000 2,66(1,000 2,902,000 2,318,000
Every one of the five roads shows smaller earnings
from this grain traffic in August, 1887, than in 1886, the
total for them all being only $229,000, against $353,000
For the eight months,
in 1886 and 1235,000 in 1885.
only the Erie and the "West Shore have an increase. The
Lackawanna has suffered a very heavy loss, its total
this year being only $194,000, while last year it was
$410,000.
WEEKL Y RAILB OA D EA RNINGS.
For the second week of September our statement of earn
ings makes a somewhat better comparison with the previous
year than did the exhibit for the first week of the month, the
Ten of the sixty-three roadg
diminished earnings, the decrease, however, being
increase being 10'69 per cent.
report
small.
of Sevtemhtr.
2(i weefc
1887.
Atlnntio APacMo
Buffalo N.Y. *Phila....
Buffalo Rooli. & Pittsn...
Cairo Vlncennes & Chle..
California .Southern
Canadian Piiciflo
Chicago & Atlantic
Chicago & Kast. Illinois..
Chicago Mil & St. Paul..
Chicago & West Mich ....
Cin. iDd. St. L. & CUle ...
CincinBati Jaclt. Js Mack.
Cin. N. 0. & Texas Pao.
Alabama Great So
New Orleans & V. E
Vlcksburg & Meridian..
Viekshurg Shrev. & Pac.
.
CiD. Riclinjond
&
Ft.
W..
Cincinnati Wash. & Bait.
Cleveland Akc on &Coi...
Col. & Cin. Midland
Denver & Rio Grande
Det. Lansing &NortUeiu.
East Teiin. Va. & Ga. ..
EvansvlUe
<te
Evansville
India'poUs.
& lerreH
& Pere
Marquette.
Florida E'-wav <te Nav. Co.
Ft. Worth A Deuv. City..
Grand Rapids & iiid
Grand Trunk of Canada..
Ind. Bloom. <k Western..
Kingston <fc Pembroke
Lake Erie & Western. ...
Flint
Long
Island
Louis v. Evans V. &St. L..
Louisville & Nashvill.^
Louisville N. Alb. & Chic.
Memphis & Charleston
.
Mexican Central
Milwaukee L. .i. A West
Milwaukee & Northeru
. .
& Koi iliwosre n.
N. Y. City & N.rtUurn ..
N. Y. Ontaiio & Weslorn
Norfolk & Western
"Northern P;uridc
Minn.
Ohioifc Mi^slS8ippi
Ohio River
& Evansville.
& T. H. (.M. L.)
Peoria Dec.
Bt. L. Alt.
Branches
St.
8t.
St.
Louis Ark. & Texas...
Louis & San ran
Paul & Dulntli
I-
Tol.
Ann Arbor & No.Mith
Toledo
&
Oliio Central ...
Wabash Wesiern
Wheeling & Lake
Erie....
Wisconsin Central
Chicago Wis. * Mii n...
Hinn. St. Croix & Wis..
Wisconsin & Minnesota.
Total (63 roailB)
Nat Increase (10-69
$
43,224
57,600
41,487
16,340
24,670
213,000
48,054
42,131
527,000
27,035
55,630
13,214
67,040
30,548
10,768
9,001
12,125
8,266
51,739
11,401
7,246
164,000
23,089
116,007
5,339
16,830
50,568
16,507
17,142
47,317
426,095
59,272
3,922
46 43 J
93 775
22,296
322,500
54,888
37,9i4
90,400
78,691
22.483
38,715
1 2,388
37,7d3
99,551
311,363
103.050
10,829
17,202
3^,632
22,410
63,790
132,910
39,624
12,659
k6,564
148,314
1886,
Inerease.
BeardUP.
S
$
$
36,384
58,60(
35,974
13,04£
18,602
219,CO0
43,008
37,94:i
569,767
28.382
56,800
10,227
59.525
82,666
7,681
7,715
9,434
8,351
45,917
11,160
7,944
149,085
22,544
86,895
4,966
16,795
37,794
14,239
9,»32
42,907
390,181
59,732
2,67..
45,352
90,3
37,112
11,739
8,792
6,066
20,656
296,045
47,114
30,212
76,082
48,990
13,340
10,980
11,497
29,613
79,553
320 «9t)
102,362
5,582
22,650
29,481
19,082
38,610
112,374
48,628
8,480
18,954
114,894
11,236
27.365
5,676
6,852
3,956
4,252,463
3,841,909
16,051
p. nt.i
^imfe
6,840
1,000
5,513
3,292
XLV,
with a supplement of papers presented. To one accustomed
to read with gold spectacles, the great predominance in the
report of testimony in favor of bi-metallism may prove disagreeable, only one of the witnesses appearing as a pronounced
mono-metallist. But he who would become familiar with the
many arguments in favor of a double stand.ard for currency
will find in it a learned exposition of them.
The searching
questions of the clear-headed cliairman of the Commission
leave no ambiguous statements unchallenged and assist materially to a complete understanding of the subject.
Much time was devoted to an inquiry into the character of the
existing data of the world's supply of bullion, and the tables
showing the course of prices of commodities, but more doubt
was raised concerning the old than light shed by new
facts.
Later we may be furnished with new and better data
on these important but troublesome subjects.
The opinion, however, of all the witnesses especially
examined in regard to the cause of the recent fall in prices
was that it was principally due to the failure of gold
to meet the demands for it, both as money and for
use 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
reproduced in the Chronicle, were the gentlemen examined
on this subject, and they aU considered a double standardgold and silver at a fixed ratio to be the one means of relief.
But it is perhaps to the statements of those engjiged in trade
with the East, as being more essentially new, that the public
will turn with most interest. The possibility of England's
,
,
—
yielding to the appeals of other nations to join them in establishing a double standard depends on the strength of the testimony to prove the injury to England's commercial welfare
of the present state of things, and here we have statements
from practical men on
6,068
this very point.
With only one excepthe witnesses questioned concerning the effect upon
trade of the depreciation and fluctuation of silver were
unanimous.
Serious harm, they claim, has been and
is being done
to English interests by it. Among other
things they referred to the sudden variations in the
value of silver.
This they said laid a ^x on trade
tion,
24,000
5,046
4,188
42,767
1,347
1,170
2,987
7,515
7,88 i
3.087
2,186
2,691
with the East.
88
5,«22
244
698
14,915
545
29,112
373
35
12,774
2,278
8,010
4,440
35,911
460
1,252
1,080
3,475
1,640
26,455
7,774
7,722
14,318
29.701
9.143
27,735
891
8,120
19,99b
9,536
68'-
5 247
5,448
3,151
3,328
25,150
20,566
9,004
4,179
7,610
33,420
3,815
9,747
6,063
1,910
2,110
482,072
410, 54
I.VOL.
71,518
=
% olicje0
riBST Eepokt op the Buitisii gold and Silver Commission.
For
ealo bj Robert Bcall, Washington, D. C. Price, $2 50.
The first report of the British Gold and Silver Commission,
appointed a year ago, is before us. It is a volume of 3G4 large
pages, and contains, verbatim, all questions and replies
at the
examination of twenty witnesses at twenty-four meetings,
In order
to be safe against loss through
a merchant having sold goods which
are to be deUvered some months hence, at
a price
agreed upon, settles the charge for freightage, and either
sells a bill of exchange for the value of the goods, or, if he be
an EagUsh merchant, draws on Loudon, and telegraphs to his
agent in India to buy forward sterling bills to the amount
due him. If all parties fulfill their contracts, and nothing
prevents his delivery of the goods on time, he is then sure of his
result, but he has paid a tax to the banker who has shouldered
for
the risk of loss through variations in the exchange. As
it is impossible for the banks to keep fully covered, they always
charge an insurance rate. This rate is double for bills drawn
on China what it is for those on India, because of the greater
difficulty which the banks have in covering their transactions. Whenever the variations ia the value of silver are sudden, the banks refuse to take bills of exchange at any price, and
trade is therefore greatly hindered. One witness points to the
Miiichester records to show that in one year there were thirty
three weeks in which this obstacle brought trade momentarily
to a standstill.
Another claim made in the evidence was that England's
commerce has fallen off because Cliina and other silver-using
nations have turned to India with their orders to avoid the
inconvenience and danger involved in dealing with a country
having a gold standard. Statistics are cited to prove tliis.
Again, the continued appreciation of gold has increased the
burden of all English manufacturers, because the prices received
for their goods fall but the fixed charges of the manufacturer remain the same, and wages give way but slightly. At
the same time, while prices in gold-using countries have been
falling, silver prices in India have not changed to at least the
same extent. Consequently the Indian merchant has been
able to reduce the gold price of his commodities, thereby
hard pressing his competitors in England.
On the other hand, the necessity for India of paying in gold
the interest on her debt, for which an ever-increasing amount
of silver has to be given, has occasioned an unfortunate increase of taxation. Moreover, though greatly in need of the
these
variations,
Mm
assistance of foreign capital, she finds
it difficult
to
borrow
unless she promises to pay interest and principal in gold.
The
September
THE CHRONICLE.
24, 1887.]
capitalist naturally fears to place his capital
European
wIrto,
cannot bo withdrawn without loss.
One gentleman who had paid attention to the subject was
questioned a8 to the amount of the precious metals hoarded in
He believed the amount to be very great, tho natives
India.
being very fond of ornaments made of the metals, aa well
if silver
depreciates,
it
a« liking to store coin.
He
states that £130,000,000 of gold net
has been imported to India by sea since 1885-36, and that the
amount of the two metals hoarded in India probably
approaclies £300,000,000.
The gentlemen whose testimony we have summarized in
part conclude that a fixed double standard would be advantageous to both India and England. Whatever artificial stimulus
there may be which, as is claimed, is given to Indian trade
through the present position of silver, cannot be of permanent
benefit: lower ta.wtion and steady exchanges and greater
freedom of trade, are bettor worth having.
NATrKAL Law
Boston
:
in
bee
Py HeuryWopd. Pp. 222.
Charles T. UllliDgbHUi.
the Bdsisrrs Wobld.
A blicpard. New York
:
of this readable little book is a Boston business
states that his desire is to benefit tho working classes
The author
man who
391
[From oar own ooiTeapondeat.1
London, Saturrlay, September 10, 1897.
The recent manifestation of activity in tho stock market,
though transient, leads to tho l)elief that lietweon now and
the close of the year financial business will become more
animated. Although during the past few weeks the new
undertakings] introduced to public notir^o have been few in
nnmlier, and of comparatively little imi)ortancc, it is understood that a long list is prepared and that tho public will soon
have tho usual liberal selection. Meanwhile the development
of speculative matters will notcontinue unless it receives bona
Hitherto the moveflde support from an extension of tra<le.
ments has teen more clearly marked in America than with
us, and now the extension of businets liere is mainly brought
about through our relations with the United Stales. Were it
not for the orders received from that quarter our export.trade
would just at present be languishing, and it is on America
that we must rely for the realization of the hopes nowindulged
in.
The Bank
rate remains unaltered at 4 per cent.
The gen-
money market remains the same. Gold is
by showing on what their increased prosperity really depends. still wanted for export. A further sum of about £316,000
He discusses such subjects as Labor Combinations, Socialism, has been taken from the Bank of France, and that institution,
etc., in the light of what he calls business
There are certain laws that no organization can
change,—laws which govern wages and prices, and he makes
evident the folly of all efforts by Labor Unions and Legisla
eral aspect of tho
State Arbitration,
with the object of protecting
principles.
the
tures to override those laws.
He says that the law of supply and demand is perJmps the
most general and fimdamental 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
Price is determined by competition. In the event of a
oflf.
tendency towards excess, competition takes place among seUand on the other hand a predominance of demand causes
ei-s
;
The price of service, that is,
comijetition among buyers.
wages, the price of money, rate of interest, are both so reguThe effect of any attempt to put artificial laws in the
lated.
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,
Legislative
injuring confidence, and by natural reaction.
interference with the rate of transportation will be found to
produce exactly similar results.
The seller of labor, the workingman, is dependent on demand, 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
future.
TkE
IlAJiDUNT. of RAII.WAT SniTLIES,
Ti.*N.
By Marsball M. Kirkman.
THEIR PURrilASE AND Dl^IOSIPp. 223.
Kew York,
Railroad
Qazctle.
Mr. Kirkman, the Complroller of the Chicago & Northwe:tern Uailroa'l, and the author of S'^veral good works on rail oad
subjects, has prepared this little book, he says, not for managers but for young railroad men "who desire to know the
8ubtleti<B of railroad affairs, yet are prevented by tluir
restricted position." He deals very minut-ly with his subject^
gen* ral oljservance by
and gives much excellent advice.
A
raUroad employes of the rules laid down ought to rtsult
considerable reduction of ra'lroad expeoBes.
in
stock of gold, has advanced
Some parcels have been
taken from us, and the uncertainty as to the extent of the
movement remains as great as over. It is stated tliat some
shipments are likely to be made direct to San Francisco from
Meanwhile the money market under present
Australia.
influences keeps firm, and loans are more inquired for at 3 to
premium from
81^ per cent, while three months' bills are discoimted at about
i^per cent below the Bank rate. The discount establishments have advanced their rates of allowance to 2*^ per cent
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 £1,152,882,
This latter item indicates either that the Bank has reduced its
holdings of consols by borrowing in the open market, or has not
renewed its tenders to the recent issue of Treasury bills. But
whatever construction may be placed upon these changes it
ia 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 by, the bullion movements between this
Tho stock of gold has decreased
country and America..
£349,637, the loss being £177,000 in excess of the sum taken
for e.\port, showing some increase in the demand for coin;
but as note circulation has boon reduced £44,415 the actual
The proportion of reserve to
loss in the reserve is £305,232.
liabilities, however, owing to the compar.atively heavier falling off in the latter, is about 1 per cent liigher than last week,
namely, 43-21 per cent, against 42-20 per cent. The reserve
now stands at £11,377,543, or £780,000 less than last year;
for
while the stock of bullion, which is £20,339,888, exhibits a
falling off com'jared with 1886 of £892,000.
The
the following works
PsYfiioLOOiE. Pp. 484, 8vo. Paris, 1879. Tills
Payohology."
2.— Traite DK PsvcnoiociB Pp. 392. 8vo. Paris. 187«. "Aticallse
physiology
rhoanutouiy
uiid
of tbe human siiul."
of
3.— Le Matfriai.ismb Desmasque. Pp 256. eve. Parts. 1R78. "This
explalDH tlio puzzles iuvolved la the words Space, Time, Life knd
Nature."
4.— Lf.8 Sentiments. Les Passions, et La Folie. Pp. 431. 8vo.
Paris, 1885. This volume coulalns live popular lectures dilivtred
In Paris, with asuppleuieui.
Tlie author of these works has carried on his psychological
1.— HiSTOiRE
liook is
money have been
as follows:
inwrul oUowtd
Trait Bilb.
Bank BUU.
(tvitdon
Thru
Tow
Six
irontlu Uont1u\Month$ Uonltu
Aas.
a
Mr. Amed^e H. Simonin,
rates for
Orm market rates.
Wour
Uonth
ma
8V»8
a asst
8M-i«8«
SIntI'
At 7 (0 1«
Bank*. (Ml. Daiti.
ft
IS 3
18 a
») 8
Sept.
We have received from the author,
its
7 to 9 per mille.
«:
««»««««« -
8
»»<««Ttla5*»s
3
« -«}<« - 2^133
a -3 «_
3>«a
IM
1!<1«-1«
J«
IH
IMIM-IM
9 4 Isim
3H»i IgXa*
-«it» -i3Ha -'3^184
The following shows the
position of the
l!<|m-l«
»H SM SX
3K9 -8J« -S!<» -'SX«89< 3W«3J<;3W »K
4
8)<
I
Bank
of
Eng-
i)K i.A
an
•'
lutroiluctioii to
researches during
more than
forty years,
developed a new line of thought.
Grands-Augustins, Paris.]
[J.
and thinks he has
1887.
exolndlnff 7-<Ur
llrcntatlon.
other
bllli
tiblio deposit*
lAaarra to
•ecnrttlet
llAtaillttes
retnm
86.576.808
».200.9»»
28,108.334
24.824 .r HO
84 ,758.323
4.331.T43
i;,483.Tll
4.«B'i«a3
M
2.-n.l»'i3
88.
03S&4
!.74!j
12.73flS43
15.H!8.*)4' l!1.437.«a»
1». 171.812
tfl.2UU.43n
2a.B7».430
11.377 A48 la.iST.aao
20.339.888 81.931.031)
4«Mp.o.
43-81 p. e.
13.044.541
18JW.W4
l!2.»«IJi«J
93,«>«.T8»
4IHP.e.
4eM p.**
2 P.O.
100 1-lS
Sp.e.
lOIK
14.01
tOl S-I6d.
Tleartnit-Hoiue
1884.
84,71S!.S40
4p.e.
Michelet, 85 quai des
188B.
t
8l,lil5.ff;<i
loTsmment
1880.
and
114.4SS.000
8MP.0.
2IM3.8e*
843S«.000 8f ,054.000 •i,!ia8.0M
THE CHRONICLE.
392
The Bank
and open market rates at the
now and for the previous three weeks Copper ore
Inttntat
Bonk
19.
.4 up
26.
wrouj;lit
tous.
raw
cwts.
owts.
Cotton,
Tallow
Bank
Open
Batt.
'a~
8
3
3
3
2
2
3
3
3
ovwi
Market
Bunk
Bate.
~~m
3
IH
3
Bank Open
Open
Uarkn Batt. Market
2H
3
3
3
3
3
2
m
lbs.
m
3M
2M
SH
2H
8«
3}«
2H
SK
Madrid
4
4
4
4
4
4
4
yiflnna.
4
s«
iH
4
4
S
3
SH
4M
4
3«
4
3«
Horses
Beer and ale
5
S
3
3
B
3
5
3
Salt
Spirits
Copenhajren
—
8
Messrs. Pixley
3
3
& Abell write
1%
2^
as follows on the state of the
sapplies availaiile in the market dtirine the week have
been taken for New York, and to-day an amount wa^ withdrawn from
the Bank for that quarter. The Bank has recitved £28,000 and has
sold JStiV.OOii. The prinolFal arrivals comprise £2 2.'iOO from Australia.
Bilvfr dfcllned at the beBinnlne of the week till 444id. was touched,
but after the allotment of Council biiU yesterday the mark-t imi)i oved,
and today's quotation is 44 15-l(id. firm. Thu only arrivals of iiuportancehHve be.n £57,000 from New York. The F. & O. steamer has
taken £08,010 to India.
^
.
Mexic.iii d >llar8 hnvre boati d^alt in to a limitod extent only durine
the wi ek, in the absence of supjilies, which jare expected to come to
band early next week.
for bullion are reported as follows
:
8ILVBR.
GOLD.
I.
Sept.
1
London Standard,
1.
Sppt.
Sept. 8.
d.
77
BariUver
9
oi.
1
MevlOAD
45 5-10
48 7-16
45 5-16
48 7-16
\ng 5 prs. gold.ox.
os.
Ciike sllrer
••: •••.
tramway
ventures,
and being unable
and
of British
£1,037
1,44!
tous
1,539
19.724
7,679
12,148
galls.
l-.',236
6,872
20.4)4
3,493
148,7^9
bbls.
14,.593
10,766
367.900
3,090.200
1,180,400
11,175,800
163,500
8,541,400
8.137
Piece coods-.yds. 7,559,100
Silk broadstutfs
yds.
39,064
Other articles of silk only
•t.
Articles of silk and other
materials
yds.
743.100
yds. 4,307,500
Carpets
yds.
208,500
E&rdwaroand cutlery
Iron and steel— Pig. ..tons
26i897
Bar, angle, &o..tons
172
Railroad
tons
1.816
Hoops, sheet. Actons
2,253
Cast and wro-t..tons
95
Old. for remnf tr.tons
2,577
Tin— Plates
19,157
tons
Lead
12,788
72,815
4,707
191,777
7.246
3,710
have
doz.
The movements
36i76t
218
245
7.796
272
131
721
852
217,153
8.660
8,0 JO
228,358
15,140
20,972
173
214
379
476
32,.541
113,272
],5S7
9,003
15,899
2,315
6,0! 4
19,890
3,751
14,537
22,558
20,035
81,223
202,178
182,498
49,351
217,217
30.616
31,692
65,676
367,200
1,593
91,'i30
26,256
4,013
42.265
299.634
101.799
3,889
10,276
2,696
41,478
13.572
36,440
62.431
2,407
39.308
67,339
2ri6,'!70
55,268
1,406
1.410
4,151
49.315
8,715
18.864
70,169
1,321
16,677
77,532
855
1,295
1,359
47,843
7,485
1,565
48,6.16
9.331
in precious metals
To and from
have been as follows:
To and from United
all
Countries,
1885.
1888.
1887.
1885.
£
£
£
£
Do
Exports
Do
In
8
An /ust.
mont
8.
l,788.:i.H7
8 months.
5.01)3,599
SILVKR.
Imports In August.
Do
Bxports
Do
1.09-i.Sa9
9l.3,-i42
8.651.51): 10,410..'iH0
AUKUtt.
Id
8m'iiith8.
Auiiust
In
8ffl.>nths.
934.617
6,«81.2:«)
»o3.l•^l
7,8.10,050
46o,')0l)
8,808,84
0.3S 1.008
1.311.918
8,o27,l30
663.a"B
5,0)1.827
4,-l8 ',003
1
,or)«.S.15
0;8.4rtU
5.098,476
B 17.267
1
1886.
Stale*.
1887.
£
£
1
2^.386'
1.3.J9
8ifl,4J6 2,990.805
6«3,«l)
603,150
l,^()n'
57,360
S3i.940l
97,872
2,125.6371 l,198.7.-)8
779,570
5,128,338
The wheat trade has been very
of Trade returns, just published for August,
2,761
3,217
GOLD.
ImDorts
:
LOCAL,
WoodCTange Park Cemetery Co-npany, llmited.Essex, £1 shares £5S,O0O
Brighton <& Dyke Hallway, *j d-ferred shares
10,000
FOREIGN.
Brazilian Extract of Msat and Hi le Fiotory (limited), oapltil
£200,000 In £5 shares, present issue
£100,000
cwts.
cwts.
Earthenware & porcelain.
Paper— Writing, printing,
&c
owts.
All other kinds. cwts.
Skins and furs
Btatiouery,oth'rthan pap'r
90.030
4,587
253,555
15-i,070
Steam-ens.'ines
Other kinds of machinery.
Apparel ami slops
Bags and sacks
Cement
3,4 i2
39,131
80,922
10,931
8i>,897
1,061,50 >
3,213,600
Woi-sted fabrics
tons
owts.
tons
1887.
66,356
Woolen fabrics
unwronubt
unwrought
-Yalue1886.
£3,470
lbs. 1,480,6 >0
yds. 9,37ri,100
lbs
U'>,4()0
Alkali
to realize
The bank had a note issue of £30,500,
The capital creations for the week have been
.50,025
6,2 27
112,559
Irish produce to the
203
Linen— Yarn
been compelled to stop payment. Messrs. Glyn, MiUs, Gurrie
& Co. had been the London agents for a considerable ti;ne.
The Board
2,614,843
Haberdashery & millinery
(]olfl...Ot
reputation, but of late appear to have got their capital locked
in
2,255,490
3,625
2,250
26,847
41,392
52,813
9,593
127.863
90
Jute— Yarn
Tin.
The suspension has 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 influence. The firm had an old-established
up
747,4,50
li»,6;.9
Ills. 4,002,100
Cotton piece goods. ..yds. '-!,735,200
Steel,
44 15-16
44 15-16
Bar sllTer.contain77 10
1.
d.
(t.
Bar gold, One., oi. 77 9
Bar gold, contaln'g
SOdwts. sllver.oi. 77 10
Span, doubloons .ox.
8.Am.donbloon8.os.
15.780
813,592
38,196
14,3^4
47
26,313
11,947
19,341
1887.
£
- <iuanlUy1886.
1887.
No.
Piece goods
Sept. 8.
95,211
28fi,990
Wool
Gold- All the
London Standard.
54,8J6
these official statistics:
bullion market:
The quotations
2,-721
United States during August, as far as can be gathered from
2M
3^
3
370
344.444
30,125
Below are the exports
1%
8
S
1886.
£l<iO
No.
IH
Fetenbnm.
2,210
WoodA timber— Hewn. Ids.
Sawn and split
loads.
Clocks
Leather
2«
3M
Hambarg
AnutoriUm
1887.
50
Unwroucht and partly
Aug
Sept. 2.
Batt. Uarktt
Frankfort.
F«?i(e.-
IfcSU.
tons.
tons.
Kegulus, Ac
Sept. b.
St.
QunnU'y-
.
rate of discount
chief Continental cities
have been as follows
XLV
LVOL.
900
900
1
311;
6.163
27.065
696,180
1,043,739
133.808
1,173,886
2.000
7.679
quiet, but altl»ugh there
more favorable than those recently issued. In has been an absence of animation in the market, the tone has
is a gain for the month of £1,043,440, making
become a shade stronger. No further decline in i^rices has
tlie eight months £2,678, .589.
The month's occurred; on the contrai-y symptoms of a rally have not been
improvement has been pretty evenly distributed among altogether wanting, particularly in some of the country martextiles and hardwares. In the imports the gain for the month kets.
However, the average for last week was low enough,
is £3,377,666 and for the eight months
£9,665,572.
As namely 39s. lid., again.st B3s. Id. per qr. last year, so that
regards our transactions with the United States our imports there is plenty of room for improvement. Deliveries of homethence have amounted to £4,404,247, being £197,891 more grown wheat have been rather short, the weather having
than last year, while our exports hence have been £2,068,608, been at times unfavorable for threshing, and there being also
or £268,930 in excess of August 1886. There is thus a net less inclination to force sales; in fact, although no particular
are distinctly
the exports there
the increase for
gain on balance to us of £71,039 over last year.
The following are the totals of the imports and exports during August and the eight months:
^Imports Foreign-^ ^ Erpnrts British cC-^ ^-Re-exports Foreigitr-,
dt Oolunial Fi-oduce.
Irish, Produce, <tc.
a Colonial Mdse dc
Au]U,at.
*
1885..
.
2R.''0«.9:8
IS?!-1887..
.
29.099.0 !0
8
.Vfos.
*
250,887,413
2a7.6H5.045
2 i7.-.JoO.(U«
is.
Awjiist.
8 Una.
August.
8 Moa
18.494,6.l')
3,S4«,(>87
a'i.sss.iRs
18,744.859
142.060.567
140.5S6.99i
l»,7>i8,'i9U
143.2'ja,5S4
4.e40.5NB
4,102.080
3!i.81J-.'.9S2
£
change
is looked for in the immediate future, prices are
expected to harden rather than display increased weakness.
The following shows tlie i antities of wheat, flour and
maize afloat to the United Kingdom:
'
£
87,801,401
The following shows the imports from the United States
during August so far as enumerated in the Board of Trade
Wheat
qrs.
This week.
1.72 7.000
Paoiflc ports
- tfuantity.
18S6.
1887.
12,88.^
12,683
8
272
1.54fl.37-J
cwts.
.573,9^2
cwts. l,077.i!e6
cwts.
229,2S0
cwts.
12,781
Fresh
5i,S37
cwts.
Hams
owta.
91,612
Meat. iineniimerat'd.cwts.
Preserved
owts.
Pork— Salted
cwts.
11,913
Butter
owts.
4,418
Cheese
141,7iB
cwts.
Fish
cwts.
1.338
Lard
cwts.
59,=)(i4
Sugar, refined
owts.
200,001
Flour
Bacon
Beef— Salted
1836.
1,610.000
1 38.5.
1,412,000
22->,000
3 78,000
IICPORT8.
returns:
Oxen and bulls
No.
Cows
No.
Bbeepand lambs
No.
Wheat - Atlan. ports.owts.
Laet weele.
1,764,000
161,000
303.000
15\.000
257,000
118,000
Afalze..
qrs.
214,000
The following shows the imports of cereal produce into the
United Kingdom during the first week of the new season compared with last season:
Flonr,equal to qrs.
2.7S9,826
-Yalue.188fi.
ffheat...
1887.
£259.386 £244,077
142
501
5^6,382 1,029,34S
43-<..'i03
21i,'il4
l'^!),398
1,071.333
171,182
11,H96
S3.2i7
855,877
571,10-i
407, '545
345,341
92,084
20,-93
15..'i8»
1311.226
120,.'i9.)
232,363
252.5
20
9,413
10.<17
17.0(18
15!',024
3,8)3
41,2'i9
35,753
6y.749
15,419
15,352
284,462
3,i4&
102,730
168,902
n
52
20,4H0
13,301)
"0.158
3SO,176
1().'2J
76,021
29,190
...0-Wt.
Barley
..
18S7.
1,302,010
207,^01
2)9.28 J
5 1.312
91.705
395.740
301,702
1886
1885
1,146,226
13^,137
1,376,833
100,613
1884.
1,807,364
209.897
2 26.82*
206,043
402.878
50.609
61,737
i:i.380
75.383
133.421
138,')79
577.006
613.135
Indian oorn
572,192
-"lour
366.309
176.419
343.205
Supplies available for consumption (exclusive of stocks on
Jata
Peaa...
Beans
September
1):
1887.
(mportsof wheat.owt. 1,302.090
b04.702
(mports of flour
761,591
4»leaof bome-growD..
Total.......
1886.
1,116.226
366.3 )l>
42:,763
18^5.
1,376,S33
1884.
1,807.864
176.119
348.205
8j7,531
56-1,563
2,122,812
1,941,298
2.368,383
1886-87. 1885-86. 1884-85.
Aver, price wheat..., ..week. 29s. lid.
Aver, price wheat
.seaaon. 29s. lid.
33i.
33s.
id.
Id.
323.
323.
3,053,100
1883-34.
4d. 34s. 3d.
4d.
34s.
3il,
.
8kptkmbkr24,
THE CHRONICLE..
1887.]
BUKlUU Plaaaolal raArlceta—Par OabU.
Balaneei.
The daily oloatag quotations for aeounties, fto,, at London
are reported by cable as foUowii for the week ending September
Bllver, peroi...,. ...,d
Oonaois (or mooejr
Consolfi (oraoeonnt....
Sal.
Mm.
Tuet,
UH
44S||
44 1«
IOIOh 1013a
r«,.
THurt
44 >s
447,,
ion„
10l»,«
121\
0.475,410
1
2 1';h..515 131 413,142
21
1.98 1,68
2.41S.T01
1.015,317
22
33
1,.5!I5,'<00
111, 408,741
2.841.711 134.2432-I2
2,7 10.4 >ei 134.053.473
.
122114
123
.•i7>9
57V«
20 k
110»8
llo^Sl
57",
SoXg
Ill's
iim
2tf'g
574
30%
®ommevcial»u(l HEKiscelUneousi^eors
National
BA.NKS.
—The following
baukd have recently baen
orsanized :
8,789—The National Bank
of Commeroeof Taoo:na, W. Ter. Capital,
F. M, WiMle, Presilrtor, A. P. viijOlalin, CiwUier.
$20(>,0!>0.
3,790—Th" Kitnaas National Bank of rnpuk«. IC.kn. O^piiat, $>aO.OOO,
Siiin'l r. Hove, PreslJent; R. M, rjriiiD, Ca-sUlor,
3,791— Tiie Seioml N.itioiiul Bank of vloPaerana, K m. CtpHal, $-0,O. Hi'KKelund, Pri'sidcni
0011.
;
llxj?*"!" "I.
O. Anjr.
••
10
"
"
20
"
ion,„ ion,g
Is
12'.^
C
wlito'-.
3,792-Tli" .Vsliury Park NattiiMl rtiiuk. N. J. Cii>li»', $ OJ.OOO.
Egbert Towner, PiesUleut; Iliroid E, Willard, Ca^Uler.
Coin
Coin.
Otrl'i.
Ourrtnty.
•
44X8
101 tie 101» « 101», 101» ,
81-50 8 1 60
81-ciO
llOt^ llOlg
110%.
Ul>«
I20'g
126 'a 27%
127>e
51
fi2>l
54%
5.1 >«
85»8
84 >«
85 ^
84»s
29 ><
30
30^4
301a
ion « lOlMi
Fr'rh reiit«s(ln Paris) rr n-22's 8l-37ia
no»8 no's
U, S. 4>«Bo(1891
12719
I27>s
U. 8, 4o of 1907
.'S3
CanHillan PaclHo. ...... &3>4
84 1«
Ohio, Mil, A Bt, Paul..., 85
30ie
30^
Krle, ooiiimon stock...
121
122 >«
nUnols Central
5->9
PeoDsylvanla
573a
30%
Pblladelphla A Reading. 30'8
110»8
111>4
New VorVr-sntrrnl
Paymenlt.
RtettpU.
Dal4.
Sept.!
a:).
Ltmdon.
393
14 134,42i>,ll7i
2,4 IH.H)2 l:)l,a2">.%HH
25,528.083
rotal
872,413 114.731,137
ii.noo,-"?)!
13 SIR, 877
,1)
l,.'>2i).2
13.600.231
I
i
>
.',78
l.l.O ,9.1'J.
l:!.>iii
21
13,733.999
99.1,0113
.1
&
Toledo
St. Louis
KanHiis City.— Mr. S. R. Callaway, late
General Maiiag»>r of the Uaifin Paciflo Railway, hai4 been
elected to the presidency of the Toledo S% Louis
ICtuMS
City Railroa'1, President
ili?li'V resigning:
Mr. Q.iii{ley's
resigntti'm was accepted by hi^ brother directors only at hia
own urgent request. The Times says : "Mr. Callaway, bis
suooessor,
his close persoaal friend, and it wag to gain for
the company the valuable servi les of the Union P.ici&o
veteran ttint Mr. Quiglny insisted on vacating the presiilency.
&
Q
U
Mr. Qii^ley is one of the largest security owners of the Toledo St. Louis & K'lnsis City road. Hi 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 mide
a fight tiat flnnlly has enabled him to establish a uait>td road,
changtid in half its length to s'.an lard gauge, and a hilf mile
more being broadened daily, and, best of all, a road that ia
p tying. All of the old disputes are s^^ttle.l, all the old snarls
M"-. Q iigl«y has been
friend C.illa way a practical r<tilrokd man
road the management it r quires."
are untangled, and
:'
« H.-jdiuhis
give the
1
who can
—
Messrs. Griswold & Gillett offer for sale some of the 6 per
Ikpobts Ain> Exports for thb \Ybbk. The imports of last
c^nt improvement bonds of the city of Topoka, Kansas,
week, compared with those of the preceding week, show an Th-se bfrais have no; only the city o -edit as their security, but
increase in both dry goods and general merchandise. The arealsoa spaciflo lien on certiin propurty. The advertisement
''
B tnking and Financial."
total imports were |9. 39.5, 604, against |6,8t0,OO3 the pre- will be found undir
The O.itario Silver Mining Comp my announces its usual
The exports
ceding week and |7,7(Jl,3i7 two weeks previous.
dividend of <;75,00i), for August, miking a total of $8,600,000
for the week ended Sept. 30 amounted to |6, 3^0,813, against
paid ti) date. The preseat diviJoni is piyable by Messrs,
The Lounsbery & Co.
14,920,809 last week and |6,73 j,051 two weeks previous.
following are the imports at New York for the week ending
The Daly Mining Co. ha? declared its sixth and seventh
for dry goods) Sept. 15, and for the week ending (for gen- divi lends of .50 c,>nts pw shar.", or |75,000 in all, payable by
Messrs. Louns'ojry & Co., Mills Baitding, on the 30th iost.
eral merchandise) Sept. 16 also, totals since the beginnin,; o'
The friends of Mr. J. Hugh Peters will be glad to observe
the first week in January
that he has beect reinscatei to full membership at the New
rOBBIOH IMPOSTS AT HBW YORK.
York Stock Exchange.
1884.
1885.
1886.
.For Week.
1887.
Anction Sale.^. Ths fol'owinj were sold this week at
$2,399.9SG
•2,291,295
$2,781,490
$2,972347 auction by M*ssri. Alrian H. Muller & Sjn
Dry Goods
—
—
—
;
—
:
—
I
:
4,700,209
4,fi 34,091
e,50J,959
6,423.257
$7, 100,1 J5
$6,829,386
$9,285,419
$9,395,604
2aJ Liberty Ins. Co...-.
91
50 -•Vna loan Lian A Tr. Cj. 120
DryOooAB
#87.629,315
$74,071,237
QBn'lmer'dlge..
223,801,9tJ6
199.2:^6,721
«86,517.834' »90,84'!.215
224,834,214 244,603 632
50 tiuorioinLoaa&Tr. Ci>. 123
300 Clan. Hiiinil. Jk, Dj,yDOJ,
Oan'lmer'dlBe..
Total
Since Jan.
Shares.
19123 Oliioago
1,
Sliares.
a IS re Cert
.
Prof
Total 37 weeks. «311.431,311 *2-3,29T.958 »311.352,048 $335,451,847
13
O JiitUj, Nab
15>*
Pref
131 3 .indard Oil Triiat
170
20 3uiyveiant Fi™ [a«. Cu. 120
7 J J Santa ^alalia Silver Mi Qiug Co
$12 lot.
15>4
303 UaionS ock Ya
of
A Dro. S&t. Bk 165
5 Fldicial Ascencr
50
200 Oinn. Htmil. A Dayton,
68 Butoherd'
ds, JA:n..
75
In our report of the dry goods trade will be found the id .
porta of dry goods for one week later.
Tho following is a statement of the exports (exclusive o(
specie) from the port of New York to foreign ports for the
week ending September
30, 1887,
and from January
BZmttTS rSOH NBW irOKK PO» TUB
1884.
For the week...
Prev. reported.
1386.
1885.
$6,749,352
227,G72,0J7
$7,088,417
231,257,191
1
United States Qoveruinent and other desirable
to date:
SECURITIES
W;<IISa.
1887.
1
FOB
INVESTORS.
$7,S0^142
«6.220,843
2lD,S33,958| 212,604,232
Total 37 weeks. *238,325,615 $231,421,359 J2 23,434, 100*218,825.075
The following table shows the exports and imoorts of 8pe< ie
at the port of New York for the week ending Sapt. 17, and
since Janu^iry 1, 1887, and for the corresponding periods ia
1S86 and 1885:
HXPOKTB AHO IMFOBTI OF SPBOIB AT
AUstooks and bonds listed on tbe New York Stock Bxobtage boaj[ht
and sold on coiu>ui.s.sii>u fDr casli.
Deposit aooimats reu lived and interest allowed on monthly balanoM
subject to draft at
HARVEY
HaW TOBB.
as
Importt.
Jlzporli.
QoUt
We»k.
Breat Britain
Since Jan.l.
*123.5.=;3
9
22,457
5,100
Bermany
West Indies
Hezlco
9ti8,101
2,372,217
..........
Bontb America
411 other ooan tries. .
Teiai 1887
Total 1886
Total 18^5
2,315.132
487,114
$5,100
10.^,000
;,029
Week.
Since Jan.l.
$944,840 $3 949.850
789,2 74
1,8-9,141
10,285
5,20 ',59J
8,419,611
3,145.655
10.2 V2
2i',26V)
2li),o87
28,657
269,J13
$6,289,074 $37623^57 21,207.371
37,136.684 1,241,168 11.069.331
6,103,146
361,785
6,541,652
SIX
France...
eerman.
West Ind'es ..........
Mexico
Boath America
All other onnntrleii.
Total 1887
Total 1886
Total 1885
..
$175,200 $j,792,242
799.173
7,0OJ
168.640
19l.en9
2y,'"o6
21,358
56,479
3,872
40.600
*209,072
187,197
203,330
48.073.191
7,515,351
12.4 1 2,532
400
89,188
3",
$45,875
14,106
52.3 i I
3515.635
70.8 <»
2C!i,3l7
429,370
$1,468,502
1,34 sHOl
1,4.<>,4.2
Of the above imports for the week in 1887 $414,304 were
American gold coin and $4,34i American silver coin.
United StttteH Sub-Treasury. The following table shows
Ihe receipts ^nd payments at the Sub-Treasury in this city, as
well as the balances in the same, for each day of the past week
New
S0N3,
Y)hk.
ISSUED FOR
sr»ii:i':r
mpaovK.fiEXTs.
TliCHC bondN, besides beini bused on the credit of tbn City, are
Vir..it l.len ou all the Abuitinic Property, valued at S«.03-J,000
a
Asseased valuation or the City
...
•
$7,270,234
$^5,O0U.UOO
Acttial Valu .tlou over
•
Total Iiidebtodaesi liixclualveorttaUIsaae
$421,900
Vopu'ation, about 40,000.
I'OB FUKTHER rARTICULARS CALL OS OR AUURES9,
—
GRISWUL,U A OILLiETT,
3
2.218
149,400
8,2V7
PISK: &
STR-sffiT,
CirV OF TOPEKA, KANSAS,
CEVT IWPit(>VC:nEVT BONDS,
$211,665
*
NASSAU
PER.
Silver.
Sreat Britain
aiglit.
HELENA
Sc
WALL
ST.,
NEW YORK.
TOWX OF SILIVA, N. Y., 4a,
RBD .VOUNrilN, Os (IVo. Pae.
Koarantee),
CBAWFORDSVIIiLB, IND., WATKR IVORKS CO.,
CITir OF CIICINNITI G», 7», 7 3-10»,
SARATOGA, N. V., GAS ic ELECTRIO LIGHT 00.
40,000 CITV OF R'>CIIBST£R 1», Due 1903,
—
roR SALE BY
COFFIN & STANDN, Bankers,
10, 11,
Vi aad 13 Mortimer Bulldlac, Wall Street, N, Y.
6«.
Cs,
THE CHRONICLE.
394
The
^nzttXt.
DIVIDENDS!
(Vol.
rates of leading bankers are as fullow.s:
glxje glawfejers'
Name
Per
of Company.
Cent.
When
Payable.
Railroads.
EvansTlUe & Turre Haute
Batiks.
Oct.
(quar.)
Clialham Nat. (quar.)
Kllsccllaueons.
3
Oct.
2
Oct.
20
Sept.
on Loudon.
Prime bankers'
Prime commercial
Documentary commercial
sterling bills
Books Closed,
inclusive.)
( Days
-
Parirt (france)
Amsterdam
(RUilders)
Frankfort or Bremen (reichmarks)
28 to Oct. 17
1 Sept. 24 to Oct.
2
1 to Oct.
15
Coins.
—The
follo-wir«:;
liqnitalile Guslieht (qiiur.)
15 Oct.
chants, that stocks were seriously depressed.
Afterwards there
was a recovery from this apprehension of trouble— for such it
was rather than a present difficulty— and later still the Treasury
circular had a moral effect in conveying the impression that
more active measures in bond buying would bring out more
money.
The fact has become evident that the banks and money
lenders much prefer loaning on good collaterals rather than to
buy or discount commercial paper, and this inclination has been
quickened lately by the failure of one or two hotises, with a
bad showing, and a record of certain methods of dealing
which almost amounted to false representation. As a consequence of these circumstances, a great deal has been heard of
the need of accommodation in some branches of mercantile
business, while borrowers in "Wall Street with, fair collaterals
have had no trouble in getting all the money they wanted.
The stock market was knocked down in the early part of the
•week, but it recovered quickly after each decline, and there has
been no great falling off in prices. The reports from one quarter
and another indicate that railroad building is going on more
conservatively, and work on entirely new enterprises will not
be undertaken to so great an extent this fall as it was last year.
review of railroad building in the Investors' Supplement
to-day gives the main facts relating to the construction of
A
roads this year.
reorganization of one railroad after another, while there
are no new defaults, is placing the whole railroad field in a
remarkably good situation so far as the financial appparance is
concerned, and when the year 1888 opens there will be very
few insolvent companies remaining yet unsettled.
Tht open market rates for call loans during the week on
Stock and bond collaterals have ranged from 3 to 7 per cent.
To-day the rates were 3@G per cent. Prime commercial paper
is quoted at 6J^@8 per cent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £28.5,000, and the percentage of reserve to
liabilities was 45 '08, against 44-40 Isist week; the discount
The Bank of France
rate remains unchanged at 4 per cent.
lost 150,000 francs in gold and gained 775,000 francs in silver.
The New York Clearing House banks in their statement of
Sept. 17 showed a di;crease in surplus reserve of $334,650,
the total surplus being $3,819,675, against $4,154,335 the pre-
The
vious week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks
Diffr'ne's
1886.
1885.
Sept. 18.
Sept. 19.
fr'm
Prev. Week.
lioans and disc'ts. 347.0yfi,10O Deo. 34t,800 337,307.6001 328,'i<i7,500
6«,y:5l.iOO Inc. 811.200 74,o92,i00;il0. ','i3,900
Specie
8.1II7.400I
CSrculatlon
S. 12H.tu0 luc.
10.400
9.73H,400
34'.i,880,."i()O Inc.
JNet depot^ita
4S,000 345.77 2,300 388, UL.'-OO
•20,60(^,200 jOec.l, 135,100 2O,O3J.00O 3 .,906,900
Legal tenders
b5,7£0.12;iinc.
Legal reserve
10,750 86,443.07.'^ 97,0J2,8r5
89,i39,-OODec. 323,000 94,125,-200 144,2iO,HOO
Ecserve held
SgrpUiB
3,819,675 Dec.
334,650;
7.632,125| 47,177,925
Exchange.— Sterling exchange has been quite dull during
the past week and somewhat unsettled, in consequence of the
extensive purchasing of stocks here for foreign account.
This
caused a
free offering of security bills, and weakened actual
rates for business somewhat, and posted rates are now quoted
alikeby all drawers, viz., 4 80i and 4 85. About $3,500,000
gold has arrived from abroad since our last report, and the
weakening of rates renews the impression that more will be
ordered shortly.
To-day the rates on actual business were as follows viz
Bankers' 00 days' sterling, 4 70}@4 80; demand, 4 84@4
84i.
Cables, 4 84i@4 85.
Commercial bills were 4 78 J; Continental bills were: Francs, 5 27i@5 26J and 5 34|(a!5 23|reichmarks, 94 and 94i@94|; guilders,
39f @39i and 39 J.
The following were the rates of domestic exchange on Ne^c
York at the under-mentioned cities to-day Savannah, buyino
par; selling ^@J premium; Charleston buying
3-10@J dis"«ount; selling par; New Orleans, commercial, $1 75 $3 00
@
discount; bank par; St. Louis, 75c. discount; Chicago,
70c
•
:
•discount.
a94i8
94
94>a»9458
are quotations i naold for various coins
—
99%® —
Sovereigns
¥4 83 ®$4 86 Silver I48 and "as.
—93 ® — 95
Five francs
Napoleons
3 84 ® 3 8S
X X Reichmarks.. 4 73 ® 4 77 Mexiiau lollars.. — 7 ® — 77
76 19
J>o uueommerc'l — 7.5 ^s®
X Guilder.-?
3 96 @ 4 00
7.iia® - 741s
Span'h l)oubloons.l5 55 ®13 70 Peruvian S0I.S
4 77 ® 4 85
Mex. Diiubloon8..15 55 a 15 65 Engiialj silver
par ®i4preui. U. S. trade iloila'S"— 75 ®
Fine jrold burs
0738U. S.sllveraoUars — 99%® 100
Fine silver bars... — hB'^s®
—
WAI.I.I STREET, FRIDAY, Sept. 23. lSSr-5 1'. M.
The Monoy Market and Financial Sitnation.-Ia the early
in
part of the week there was so much talk about stringency
Dimes & ^ dimes. — 99^®
mer* How demonetized.
the money market and the want of accommodatiou by
1887.
4 SOI3
4 85
4 7ai3«4 79
4 78 rti 78>s
5 aii^gas 'ti4 5 2438 95 23 ?j
39111.^939%
39''e»391»,8
i
.
Sepl. 17.
Demand,
Sixty Days.
September 23.
The following dividends have recently beea annoimood
XLV.
par.
I
—
United States Bonds. The sales of Government bonds
have been quite small at the Board, though prices have ruled
strong, especially after the issue of the Treasury circular.
The
4Js have advanced the most, being now f higher than a week
ago.
The offerings of 4i per cents to the Treasury under the
old arrangement were small this week, amouutinjj to only
$1,370,800, of which 11,065,300 were aicepted at prices ranging from 107-90 to 108^. The Treasury Dei)artmrnt has adopted
a new policy, having issued a circular on Wednesday announcing its willingness to purchase bonds on the fllllo-^ing terms:
Up to October 8 the 4^8 will be purchased daily at l(i8-4, and
the 4s at 125 till Oct. 1, and after that till Oct. 8 at 124: the
Under this
total amount taken to be limited to $14,000, OuO.
arrangement about $4,500,000 have been purchased thus far.
The closing prices at the N. Y. Board have been as follows:
Interest Sept.
Pertoas 17.
4'98.1891
4'sR. 1891
48,
48,
6",
68,
68,
6s,
6s,
*
1907
1907
cur'c>,'95
cur'ey.'9'i
cur'ej, '97
cui'cy,'98
cur'cy.'99
This
is
Sept.
Sept.
Sept.
19
Sept.
•ii.
tr
10-138 103!%
iQ.-Mar. 107% -107% 10%'*10
lO-i
108%!* 108
coup.!q.-Mar. *10734 107»8 '108
reg.iq.-Jan. li3>.2 iCSisi-l-i .Sa'l^Sis 1-2418 *123''g
coup.lQ.-Jan. '124H> »1.j4's 12 lai'iam l.!5is •12i-'8
*122
iy> i*i2i
122
l.i2
reg.lj. & J. 122
'121
•12419 124
ijt
li4
reK-|j. & J. >124
ref?
I
reg.i.I.
re«. J.
reg.lJ.
&
&
&
J.
J.
J
128
lid
1
6
'1.'6
•127
'1-8
|2S
'I
1
l;8
M29
130
IJO
the price bid at the moraln,* boa d
130
;
U'l
I
130
w is
in tde.
'13
<»(«
128
128
130
State and Railroad Bonds.— State bonds have been moderately active, though no class has shown.-iny particular activity.
The bulk of the business has again been in Louisiana consol.
48, at
declining prices.
The market for railroad bonds has been weak and unsettled,
many of the lower-priced and more spuculnlive classes having
An examination of our bond table on another
page will disclose the fact that a large number of bonds have
gone to the lowest prices of the year, and iu many of them the
This weakness has been most
decline has been quite marked.
noticeable in a few of the speculative classes, though nearly
In the latter
every bond on the list has suffered more or less.
pnrt of the week a better tone prevailed, and a reaction occurred
in the prices of many which had been conspicuous in the
declined sharply.
decline.
Railroad and Miscellaneous Stocks.— The stock market
has been somewhat demoralized the past Avtek, and business
was active at declining prices. There has beeu no important
news of an unsettling nature, but a great deal has been said
and written about the scarcity of money, both in speculative
and commercial circles. The bears have made the most of
this money scare, and it has been the basis of m.iny exaggerated
reports of its influence on speculation and legitimate business.
This has, in fact, been the only prominent feature in the
week's business, and its effect was sufficient to bring about a
sharp decline in the early part of the week, which has been
followed by an unsettled and irregular market, but a decided
The decline was sharpest on Monday and
recovery in prices.
in the early dealings of Tuesday, when a good many stocks
touched the lowest prices of the year. The transactions on
these days were large and accompanied by considerable excitement, the bears apparently having the market at their mercy,
Nearly
and very little resistance being offered to the decline.
all the leading stocks shared in the depression and specialties
were less prominent than usual in such a break. Many of the
less active stocks, too, had sharp falls on small tran.sactions.
Much has been said .about the Treasury policy in relieving
the money market, and many theories have been advanced as
suijgestiouB.
The offer of the Secretary to purchase more
liberally, and on daily offerings till Octobers, an amount of the
4s and 4^8, not to exceed $14,000,000, w.as well received by
Wall Street, and caused a somewhat relieved feeling on Thursday, when there was a sharp recovery from the previous
decline.
These purcha.ses, with the antieipation of interest
payments due October 1, will probably release a consider.abie
amount of money from the Treasury, and should have a decided
moral effect in stopping some of the talk about the money
market.
To-day (Friday) the market was less active and somewhat
weak, the close being at or near the lowest for the day.
Septembbb
THE CHRONICLR
1W7,]
24,
STOCKS-PRICES AT
N. T.
BTOCK&
STOCK EXCHANGE FOR WEEK ENDING SEPT.
HIOHEHT AND LOWEST PRIUK8.
Baturdaj'i
Sept. 17.
Active Hit. Stocks.
A
Atlar.tli'
•6%
'"
KIO
DtJliV'T tV
l>o
,a.s8e»HUi't p<l
li
M im
57
57
pref
Eiut TeunosBee Va.
On. U'y.
iBt pref
A.
Do
Do
22
'irt pref
Evansvllle A Tnrro IlBute.
Fort Worth* DoiivertUiy...
*8ti
.
Green Bay Wlnoua
Do
pref.
Kingston
& West., ass. pd..
Pembroke
ot
Do
22
00
Manhattan Eltn'aied,oon&ol..
Memphis Ji Charleston
54
21
•86
90
20
eo
80
4414 45
44% 45%
92>4
90
58%
'
Louis
<& St.
pref
ifc
Texas
MobUe A Ohio
72
75
New York Ceiiiraf & Hudson. IO714 10758
Mew Y. Chic.A St. L., asseut'd 16
•28 la 29%
Do
pri'f., a^'sented
Hew York Lake £rle di West'n 29 >a 29%
•B5ia
Do
pref
New York A New England... 42^ 4338
•17
18
New York Ontario A West
New York Susq. A Western
8% 8%
2714
27
Do
pref.
151-2 loHs
Norfolk A Western
42
Do
pref.
421a
25=8 25%
Northern Paelflo
52 14
pref
8i4
25
15
22^8
521a
22 "8
59^8
25%
23
23
UOia
2618
Do
pref
Bome Watertown .t Ogdeusb'g
Lonls
Do
Do
511a 52
•80
85
3II4 32
San Francisco...
71
71
prof
114
Ist pref •111
A
A Duluth
Bt.
Paul
Bt.
Paul Minneap.
Do
I
pref
A Manitoba
I
Texas A Pacilic, ass. paid
Union Pacitie
Wab. St. L. A P.,P. Com. repts.
Do
pref.
Wheeling A Lake Erie
iniNceilaiie«u» Stock*.
Color:**!*)
<'*iiil
Consolidate*!
A
68>8Jan. 13
55i«.lan.
32 Sept.
86'4Apr 1:5
433«Apr 12
17
801a
ISia
124«al27
241a 25
421a
58
60
sola
94IB
32%
97>s
:y''n
Aug.
9
Sipt.
17
11%
Aug
11 la .Inn.
37 19
91a
57 14
10
52
54
19
19'8
181a
10
191a
128%
26
59
lOM
54% 64%
19>4 19%
•78
82
44% 45
81a
8'8
•14
20
11758 1181a
14% I514
14
40
42
913g
9314
141a
n(jiaKc|>t.
"1413 "I'sii
42% 4438
94 14
147e
42%
88
89
59%
611a
613e
62%
61
31
35
32
36
971a
971a
98%
361a
961a
Iron
Delaware A HuiIkhu Canal...
Oregon Imiirovemcut I'o
Oregon Railway a Nav. Co...
Pacitlo Mail
Philailelphia Co., Nat.
52"8
•17
291a
43 13
531a
1/58
29ia
4458
36I4
36%
40
90
40
90
So^e
361a
89%
9318
90
98%
145
1618
8
2II3
8>a
251a
151a
19 13
221*..
5938
2514
11018
5038
1058
28^8
42
33
70
971a
3658
87%
3413
91
107
American
•70
120
Unlled Stales
Wells. Fargo ACo
150
110
73
130
81
IOI4
2:<i4
2338
g2>4
"id" "ii
2518!
5118'
25
21%
i
50
81
31
68%'
110%
8
25
804
fcOV
3r'4
313
61
6.5 a
mo'a 1091
62
65
9918 100
97 100
225
21
501-2 521
70
100
103
23
5238
lb%
I6I4
291a
4414
29 14 203
35
41
36
30
67
33 >s
37%
34
36
88ia
351a
931a
84
32 "a
Stiij
147
7
5 '8
120
55
55
Hi''
69%
90% 97%
7114
98I4
150
107
73
130
145
107
I6I4
"395^ "4oi
22=8 241
4818 501
241.2 253
201
19
I7I2 19
5558 58
2038 221
4413 48
831a
80
102
85
82
102 la
Ilia
11
25 14 2513
2338 24
0338
92
156
93
1
127>4May 17
7
7
?(>
m^
2,100;
89%
*140
106
*
120
150
107
73
120
25 12
15
I'litslnirg....
Cedar Fallc A Minnesota
Chicago A Ind. Coal K' w ay
Do
.
pref
Baltimore.
A
Des Moines A Ft. D
Cincinnati Wash.
.
Do
Mexii an
'
nutrul
I314
Lack. A Western..
Oliki Sunt Hern
Or('i.'< 'II Short l.iue
.......
Do
Rensselaer
103
12
Mining Co
S>9
25
pref.
A SHrntoga
A Terre
Bt. Ix)nls Alt.
Bt. I-oui« Aril.
10
10 14
New York
QuiekijlTi-r
11
41
3
pref
(
•9
40
85
4%
pref.
dge
Marquette Houghton <K On...
Do
Haute..
ATexa-*
41%
23 14
24381
4918
50
25%
25
20 14
221a
33
34
67I2
•107
6638
>108
64
63
•09
101
10218
2368
5318
17
311a
120
5214
1758
311a
39
3314
341a
33
70
72
98I4
3718
88
33
92
3558 Apr. 12
•8>«
34 ig
98
37
981a
37
12,770
30
Sent ro
7,030l 67
Sept. 2(1
6,6031 96iaSi'pt. v;!
3,66.'.
34 Sept. 20
2.75.i|
2';,7<>0
4.4311'
84
Aug.
21
10
20
87
I3I4
13
1414
25
163
•33
A Hocking Coal...
.al
A Iron
Various Mucks, ^c. (Uul
10
21 13
Amer. Cotto.. Oil lru.-t
Pipe Line Oertitleates
28% 30
64>a 65%
•3
6
•22
30
161 161
3438 34%
"ii" "di"
Coliiinhu>-
10
24,
10
22
2613
6358
10
23%
17<»
18
5
5
30
•23
"32" "33"
"26ii "so"
91a
91a
22>a 221a
•17
5>a
•22
3211 M.pt. 21
89%
Sept.
Jan.
21^
4
Sept. 20
919
5^
12
10
80
27
10
24
513
13
28
171a
6
26
"33'8 '3419
I314 1314
2638 26%
29%
2SJa
28>4
27^1
66%
65 Tg GO
81%
1,1(10,
30
67 >« 69
1 Kx-rights.
30
152
Aug.
19-
Jan.
S
9
5
llSiaMay 14
Ang. 31
June 6
74% Apr. 6
20 137
80 22
211 31
21'
19
8,
18
13
14
13
27
27
!)
23
17
Jan.
3
8% Jan. 10
35 May 14
SO 170
Jan.
4
45% June 6
25
-Sept 20, 50
Aug. 30 18
S.pt 19
7
19
May
Feb.
Apr.
Jan.
9
8414
Jan.
211a Sept. 191
800! 10
1,3(KM 24
6,410
15
19 Jan.
67'8 Apr.
991a May
Sejit 19
7 Jan.
IOI4 Jan.
8;ipt.
Aug 241 15 June
Juno 18' 3014 May
Sept 17,100 la May
Sept. 20 22
Apr.
S*pl 1,109 May
13
1251102
Aug.
200: 12
325 17i«Scpl.
5 8-pt.
300|
100, 25 Sent,
60 161 J Illy
700
"2413 "23ia
64!%
These are the prices bid and asked; no sale vas made at the BoanL
171a
•5
•23
lOis
26%
10
325
25%
OS's'
4%
20
I414
2814
3
887
80u
lOO'i
30
'34" "si"
121a
311-
1
Feb. 17! 76
Sept.
CO 33% Jan.
200
9>2 Sept.
800 38 Sept. 20
500 85 Aug. 1
40
20
58%
7
103
12
5>9
54% May 31
105% May
23
...„. ...^
558
*8
5314 May 19
89 May 19
105% Apr. 18
1.429 I3yia Jan. 4 139% May
I4714 I4714
7478 173,620, 67iaJunc2; 79''8 8ept.
74
95
721a
4%
23% Jan. 3
5578 May 16
3458 July 18
631a May 19
321a Apr. 4
3358 Apr. 7
391a May 25-
22^vPept. 21
24,314] 47% Aug. 2^
0,81)5 22% Feb.
1
Apr.
Feb.
94
'siii
180
91a
Mar. 2»
SSiaFeb. 14
Sept. 20
Sept. 20
^,t'J7\
'139%
215 106
30 62
98 120
40
May 23
201a Jan. 3
14 Feb. 14
:-
160
109
11
70
66
29,441! lHi-2Scpt. 20
y,».SO! 171-2 S,-pt. 21
504,6071 34
Fet).
1
63 Sept. 6
2418 12n,647; 2038 Sept 21 53 Jan. 17
9,9 lO' 43
Sept. 20 871b Jan. 17
1^0 fco Feb. t 95 Jan. 17
34% 2,100; bO Jan. 27 44% May 26
5,7B6, 6113 Feb.
2 841a May 26
69
225 1091-2 Sept. 21 120 June 3
109
3,204| 351a Jan. 7 95 June 20
65
5341 99
101
Aug. 2 111% May 23
5,956 97 Sept. 21 12(>''e May 27
103
24I4 33.060 20
Fel).
35% .May 23
521a 35.170J 50 Sept. 20 63% Mar IS
2,78U; igigFel).
2,78u;
1
17%
22% May 6
38i4May 18
6,3101 23% Feb.
1
31% 6,310;
6,4ai*
40=8
6,4ai*i 35
Sept. 21 6358 Apr. 18
71% 72
"ii'-'l
I4714 I4714
7314 75
•140
•105
68
23 19
38 >4 40
90
37i«May 18
21
Sept. 20
20i«
48
17
3
May 19
May 16
591-2
•78
30>4
1
Jan.
27
•20~s
I914
58 14
36
87
85
3
Tennessee Coal
New Ontial C
17
22
22
261-2 Sept.
880; 14
10,44b! 38
4II4
3419
14518 1451a
x70i4 7214
•/,035
71,3'.iO
8%
22=8
5238
88%
Sept. 21I
2,310! 61% Sept. 21
_- .
3958 129,2741 3Ci4SBpt. 21
1,537; 15JK Aug. 25
2.5'JO
7% Sept. 20
3.330 24iaSei.t. 21
16%
100
70
10,402 105I2 Sept. 50 11458
'
7,350; 14
gcpt. 20
20%
Inactive Storks.
.v
20
May 17
May 18
,
73
98I4
34
90
Exprons Stuck*.
Adams
'si'
100
•lOifl
75
56'8
2139
47I3
93
146
"75^ "foia 73
Western Union Telegraph
791a
100
10
23
22
40%|
68
68
100
•ids" 167" 101
24% 25>4 21
94
Gas
Pulluian PalacetarCo
'82%
391a
231a
48>a
231a
20'4
81
31
67
Gas Co
Bufl'alo Riieli.
8
Jan. 13
0>a Jan.
1
93 18
88
881a
M
Sept. 20I 511a May 17
2.210 10tlaSe|it. 20 1iaijJnne T
4.00(ii 40
S.pt. 20 6H
Apr. 11
5,040| 15
Sepf. 19 39% Jan. 11
1112.007 124'4 Sept. 20 13919 June 1
3,765' Ql'g Feeo.
3 32% Apr. 14
5,3521 56
Sipl.
6838 June 4
4,807;
WlaScpt.
17 Jan. 3
1,845 62 Sept.
821a Jan. 13
4,4001 19
Sept. __ 32
Jan. 3
100 80 Sept. 20; 100 Apr. 9
2,300 21>a Feb. 4 62>gMay 7
4,9-0
7% Sept. 21I 17 Apr.
7.
Ai
17 Aug. 24 28 May 31
2.955 11116 Sept. 19 138 Hay 28
2,8i)5
12 Sept.
27% Apr. 1
47i« Apr. 21
l,47i) 3058 Sept.
4,9.)3 13
1514
24i2May 16
Sept.
44% 8,018 40 Sept.
61
Apr. 29
58,t&0 89''8Aug.
94
9.-!% June 30
1,095 85 eopt.
90
99% May 14
70i4Apr. 14
FeV
611a 65,233 57
2,710, 3oia Sept. ..
38
67% June 11
7,090, 93% Aug. 3M61''8Apr. 20
go's
49 Sept. 16 641a Apr. 5
4, 100' 80
Aug. 11 9518 May 19
6' 941a May 18
2,973; 661a Jan.
1,0.^5[ 98
Jan. 4 119 May 18
2,aOO| 10
Sept. 21 201a Apr.
2
1,350; 22
Sipt. 201 48ie May 31
21.821* 21 la Sept. 20 34i4Apr.
»
43,HJ8. 89% Sept. 21 112
May 19
350| I0I3 Sept. 20| 191a Jan. 8
16,.',1.0;
1261a
2538
5818
JnnelS
etlgMay
109 Jnly 30 rj7\ June
5s3 i:tSi4.Jnn. 29 1.1314 June
4,tiM6 11631 Sept. 20 Mo'eMay
760 1'.;.% Sept. 21 22 Apr.
3,410 35 .Ian. 271 521a Aiir.
13»a
41>4
13>a
31
14
18«4
49,411*)
I
3734!
1061a I0713 IO7I4
1558
141a 153s
28%
261a 28
2938
2338 2914
63 13
61% 63
36 14 39 14
3818
•25% 20%
Ohio A Mlsalsslppi
Orepou &Tn»is-C'ontinental.
Peoria Uicaiur A Kvansvllle
Philadelphia A Heading
Klohiu'd A WestP'ntTerminal
St.
On Sept.
-lO'a.Scpt.
49 .luly
1.9S.-,
I
120:18
107
25
106>4 106 IO6I3
12
12
1214 I214
*25>3 27»a
241a 2518
94% 95^8 92 14 95
•12
12
12
14
75
Naahv.C'liattanootcaASt. Louis
Do
.iO
1171a
"s'i" "so'ii
*84ia 88
80%
pref.
Do
60^81
3913
105
119
113
144
1887.
6,7.50'
2 07M31 Sept.
.,
83ie 196.II73: 78% Aug.
117 117%
110i4lll'8
110 142
117 118
12% 13
35
37
1,
BlKbMt
.-.
82>4
91a
933s
90>a
35
"suia "aoij
LakeShoreA West
UlnneapoUs
1938
Jan.
2.080
21,445
21,'^:!0'
79%
1887.
'
Mluhl^aii Central
Missouri Kansas
Missouri Pailrto
5i^
00
35
102'3 103>4 x9Si9 100
St.
Do
50
53
20
& Wcstirn
pref.
do
9o°g U4>4
Lake Shore & Mloh. Southern
Long Island
"60% "e'iii
Louisville & MashvlUe
40
40
Chicago...
Lonls. New Alh.
Luke Krie
Mil.
I
•16" "li>i
9>4
9%
9
•15
•15
•15
25
25
lis 118% 116 117
117
13
14
12
"33" 'S3i4
31
3058
32>s
14
14
13
14% 15
41% 421a 40
441a 4418
& St. Paul.
nUnois Central
Ind. Bluoiu.
3U38 41 12
lO-lialOO'i
4»>s!
17
"ai" "dihi
129
12414 I27I4
laS's 129'8, 127
25I4
25J41
-.1:418
25
Vj
25
231a
5018 571.J
Oli%
5818
56
1014
•10%
lOVt 10%
10
AWefl'
10>a
52
600
70 J
107
1,
LowMt.
23.
31'.i
49
16
Val.&Tol.
.,iiu»
lOia
81^8
7'«
131'g
VTnrtinnap.
Oolaui
Delawiii
10
81
63
St^pt.
Oi4l
107»all>7'sj 107
40
O^a
no>8
51
Sept. 22.
JAN.
RaagaaUuw
Friday,
Ola
P"'®'-
44>g
21.
AND SINCE
2,67.'-^
;
43%
.Sept.
Thiimdar,
Al,
70%*
pi-ef
iHliind ttPiu'lHc.
CbloagoSt. PaolMln. AOui..
'
5314I
I
OUwca 8t. l^iuiH .k FltuUiiri;.
Oevelai '"
n%l
.'>1
'-J
prof.
l)o
Wi'dnesday,
131
81
82%, 7!f'8 81
Il6iall7%
117'all8
llOia I12>al 110 llliSs
140 140
1401a 1401a
116% 118%
121% 121^ 1181a 121
IS
15
•14'a 151a' ISf'e la'ej
•10
38
39
35
37
43
pref.
ho
0»B
4913
50ia
68 la
54>a
•5
& North western
Ohlcago Rock
.Sept. ao.
71%
33% 33%
CbloaKo Milwaukee ASCPuiU.
Do
Sop'. 10.
70
OhlesK<> Burllnirton Atiinui'}-.
Do
Tiuwlav,
fiBia
l»t prof.
2il V'»l
Ohloc'go
Monday,
9% 10
nmi 51%
Pui'lllo
Cniiadtaii l*aolttc
CHimilii yoiitliorii
Coiitriil "f Niiw Joreey
tViitnil rtu'irtc
ClH^Haiuiiko & Oliio
Do
Vo
895
12
37
11
14
261a Sept. 20 64i<Jui. 3
54 July 28l 78 Sept. 13
THE CHRONICLE.
896
BDNDS-LATEST PRICES OP ACTIYE BONDS AT
Ran^e ginee Jan.
Closing.
Sept.23 Sept.ie
26
81
105
A Pac— W. D. too., 6b, 1910 83
Guar., 48, 1937
;--VnAi
Car. South.— Ist j^ar., 5b, 1908 1041a
- 88
2d, .5b, 1913
Oen. Iowa— l8t, 78, '99, coup, ofl
Central of N. J.— Ist, 7b, 1890.. 105 14
ConsoL76, 1899,a8Bent.
Couveit. 78, 1902, assent
Adjust. 78, 1903
Convert, deb. 6s. 1908
Atl.
80%
90 Jau.
Sept.
Juno
Sept. 109
h7i3Si-pt,
951a Jan.
101
105
110
110
b.
80
Aup.
1041a
Aug
95
109
99
Mort.6p.l911
95
93
-
}00
,„,,
.
& Pac.W.Div—58, '21
Wis. & Min. Div.-5s, 1921
Tenulual 6s, 1914
ti.
W.— CouBol.
78,
....
C—
1031a
let. couBol. gold, 78,
Long Dock,
78,
July
105
Mar.
Sept. 115
June
Jan.
81
7514 Jan.
32 Jan.
Aug. 100 Feb.
Feb. 108 ifi June
S
lit.
Sept.
Sept.
107i3Mar.
Sei^t.
Sept. 108>a Apr.
June
,
97%
98
67
67
6ti
95% Aug. 104% Juno
b.
119%
97
'05
1893
78isa.
a
t
il:;ifl
118
Gal.Har.ife San.Ant.— Ist, 68, '10
2dM., 78, 1905
West. Division— Ist, 58, 1931
97%
a.
s2
78
Apr.
86% June
Apr.
Jan.
><5
78
106
105
120 Mar.
lOl'sMav
S.pt. 95 14 May
Jan.
Feb.
Snpt.
981a .U..y
Feb. [loo's Mar.
June 111 Jau.
93% Sept. lOOifi Jan.
9218 Jan.
92i4Feb.
99 Jan. 109 May
I
I
lu2
a.
3414
33
2d income 88, 1911
Gulf Col.&San.Fe— lst,78, 1909 118>S
Gold, 6s, 1923
1021a
Henderson Br.Co.— Ist. 68, 1931 1071s
113
H. & Tex. C— iBt M. L. 78
121
b.
b.
b.
61%
I2OI3
88
87
b,
21I4
22
87 lib.
88
lakeSh.— Con.coup.,l8t,7s,1900 125
b.
94
124
a.
b.
lUO
b.
113
120
lOH
I.
b.
98
a.
122 >4
113 b.
Lon. & >a8li.—Consol., 78, 1898 119 b.
N. O. & Mobile— l8t, 68, 1930. 109 b.
2d, 68,1930
98 a.
112iab.
E. H. & N.— l8t, bb, 1919
107 120.
General, 6s, 1930
Trust Bonds, 68, 1922
106
10-40,68, 192i
liOU. N. A. & Ch.-lst, 68, 1910. 110
ConBol., gold, 68, 1916
90
Hem. & Ch'lston-68,gold, 1924 lom
Metro. Elevated.— l8i, 6e, 1908 116 a
2d, 68, 1899
107
Mexican Cent.— New ass. 48
Incomes, 38, 1911
Mich. Central— let, eon., 78, '02 1261a
Mlss'rlPac— let, conB., 68,1920 113 b.
Sd,7B, 1906
[119 a
Pac. ot Mo.— Ist, 6e, 1888
lOO^b
2d mort., 78, 1891
1931
I
Sept.
1
118
100
lulifl
114
112
111
53 Mav
Aug. 125% June
Aug. 106% Juno
106% Mar. 110 Feb.
112 Sept. 119% Muy
108 Mar. 1191s May
113 Feb. 119% .Vlay
94 Feb. 112 May
30
65
Con. coup., 2d, 7», 1903.
Long Island— let, 78, 1898
82% June
Sipt.
Sept.
I
9ii=8
2d,fc8,1931
Or'n B. W. & St. P.— 1 8t, 68, 1911
l8t,Waco&N.7s,1903....
2d. coiieoi. M. L. 8b, 1912
Gen. mort. 68, 1921
Ind.Bl. &W.— l8t,prei:.,7s, 1900
l8t,5-68, 1909
2d, 5-68, 1909
Eastern Division— 68, 1921
Income, 68, 1921
Int. & Gt.Nor.— Ist, 68,gold,'19
Coupon, 6b, 1909
Kent. Centr.— Stamped 4b, 1911
Knoxv. <feO.— let, 6a, gold, 1925
93%
¥2""
108
111
112
65
68
29
115
a
93 13
Ist.West.D., 78,1891
88'8 Jan.
91 Jan.
1211a Juno
Sept.
S.pt.
Sept.
56 May
94 a. 91''» Sept. 10138 Apr.
96iaa. 95 Sept. 108 Jau.
ISO's
I'.i9
Scit. 137
June
1121a Sept. ;115 Mar.
3014
1920 129
Con. 68,1935
60
66
1181s Feb.
76 14 Feb.
70
N.y.L.E.&W— 2dcon. 68, 1969 98%
Funded coupon, 58, 1969. ..
Ft. W. &Deuv.C. -iBt, 68, 1921 81
let, couBol., 58,
June
10213a. lOlij Jnlv 105% May
3d
138 Sept. 142 Jan.
127 Sept. 133 Jan.
120%b. 120isb.! 117 May 1201a Sept.
W-J b. 108 Jan. HOia Mar.
10814a. 108
Aug. IIOI4 Mar.
103 b. 105 a. 103 July IO914 Apr.
12ti>ab. 131 b. 128%Sei.t. 135
Jan.
107% 107 July llOis Feb.
II6I3
Hi. 14b. 116 Sept. 124''8 May
122 b. 126 a. 123 July 1271a Ji.n.
usiab.
98% Jau. 102 Feb.
loss's
lOa'b Sept. llliaMay
Det.Mac.&M.— Ld.gr.3is8,1911 32
£.Ten.V.& G. Ry.— Con. ,5b, '56 94
96
Ellz. Lex.A B. Sandy- 68, 1902
BWe-
116
a.
6.1
& Pac— Ist, 78,
IO6I3 May
118% Mar.
layisb. 127
Gen. gold, 68, 1904
Denver <fe Rio Ur.— l8t,78, 1900 120
77
Ist con. 4b, 1936
Den. At R. Gr. W.- Ist, 68, 1911
AsBeuted
Den. So. Pk.
103
103
97
96
b.
120
Mil. Lk.Sh. & W.— 1st, 68, 1921. 119
Michigan Dlv.— 1st. 68. 1024.. I1412
127
Minn. & St. L.— iBt, 78, 1927....
80 a. 80
Imp. i& Equip.— 68, 1922
90
Mo K.&Tex.— Con., 68,1920... 901a
99 Jan.
t.9
Sept. 103 ifl June
117 b. 1181s July 1221a Jan.
127 b. 12bis Aug. 130% June
lUipa. 113i« Aug. 119% June
lOJHa. 03% 1J2% Sept. 109 Jan.
10212a. 102
May
Sept. 108
1915 139
Gold, 78, 1902
Binklng fund 68, 1929
Sinking fund 5e, 1929
Sinking fund debent. 58, 1933
26-year (lebeut. 58, 1909
Chi. K. 1. & Pac— 68, coup. 1917.
Exten. & lol. 5h, 1934
Ch. St.P..M.& O.— Consol. 68. '30
1st, 68, 1919
St. Paul & S.
Ch.Bt.L.,S! Pitts.- lBt,con. 58, '32
C. C. V. & Ind.— Gen. He, 1934 ..
Col. Coal & Iron-lst, 6», 1900..
Col. H. Val. * Tol.— Con. 5s, '31
Jan.
Feb.
Feb.
94
a.
Sept.23\Sepl.\6
Jan.
Sept.
Sept.
lOUiab. 101
100
May
94
110
119
Jnne
118% June
1081s Juno
105 June
100 June
116 Feb.
Jan.
Jan.
IO0I4 Jan.
83''e Jan.
b. 107151
b. 109
9714a.
Ches. O. &8o. W.-5-6S. 1911
Chlc.Bur. & Nor.-l8t,.is, 1926-! li>3
Chic. Burl. & Q.— Deb. 5s, 1913.;104
;,/.••
Denver Divls., 48, 1922
CUc. & Ind. Coal R., l8t, 58, '36| 96
C11.MU.A 8t.P-l8t,I.&M.78,'»7|llb b.
Consol. 7s, 1905
J^*^!!b.
let, 80. Mln. Div.-es, 1910... 114
38% Juno
2418 f ept.
b,
Interim bond certificate
lllifia.
Le'li * \V.B.,coii.78, 1909.a8'nt
Am. Dock it Imji., 5b, 1921.
114i3l>. 114 b. 1131a
Central Pacillc—gold 6s. 1898
117 a. Ill's
Ban Joa<iUln Br. 68, 1900
100
land grant 68. 1890
112 b. 110
'98
b.
110
Ctes. <te O.— Pur. in. fund 6s,
66
6s. gold, ser. B,1908, coup, ofl
64
66
Exten. coup.. 4b, 1986 ...
19
151a
68, currency, 1918
4
1887.
1,
Range sxnce Jan.
Closing.
1.
Highest.
Lowest.
89>s
98
Chic.
STOCR EX.CHANOE, AND BANttE SINCE JAN.
1.
Railroad Bondi.
Railroad Bond».
let, Chi.
N. ¥.
XLV.
[Vol.
Sept.
79% May
119>aJau.
86 Aug.
70 Sept.
91 Jan.
20 Sept.
112 Aug.
86 Sept.
64 Jan.
91 Aug.
124 Aug
122i« Jan.
12058 Miiy
1121a July
118 Apr.
105 Jan.
124.4 Feb.
891a Juno
9812 May
34''9 Apr.
110
b.
%.
94
100
117
b.
a.
106 Is b.
68 b.
128
114
a.
a.
122
98
78
100
129
Juue
1261a
May
Mar.
Feb.
July
Jau.
125 Sept.
115 Feb.
121i3Feb.
II314 June
99 >a May
90^8 Jan.
112i2b, 112
109
1061a
May
99
July UTSgMay
107 Jau. II412 May
1041s Jan. 109 May
98 Jau. 103 Apr.
109 Jan. 1151a May
90
100
116
106
51
I913
Il6ia
113
121
lC9»8b. IOOI4
1051a
99 June
Aug. 107 May
July 120 la May
Sept. 113
Apr.
Feb.
7o% Juno
Sept.
1:7% June
Aug. 131 Apr.
Sept. 119
Apr.
Juue 126 Apr.
Aug. 105 Jan.
July llOis.luue
Sept.
MOTB-The letter " b" Indicates price tnd, and " a" price asked
;
all
78
b.
109
b,
b.
b.
a.
Lotoetu
118
114
130
81
88
Bighesi.
122
121
Aug. 133
Aug. 90
Feb.
Jau.
1091a
.
North. Pacltlc—l8t, coup., 68, '21 1141a
11458a.
103
Gen'l, 2d. coup., 1933
James R. Val.-lst, 68, 1936..
102 lab.
b.
68, 1933... 102 b.
Ohio Mies. —CoiieoL, 78, 1898. 113 b. 113
114
11312b.
2d, coiieoi..78. 1911
lOOiaa. 109 a.
Spriiigtield Div.— 7a, 1905
lo5 a.
OhioSoutliern- let, 68, 1921. .. 102
N.
PacTer.Co.— Ist,
K
&
33
34
1910 91 b. 90
1909 109 a. 110 a.
99
100 la
C0UB0I..5-, 1925
Oregon & Tranaoon.- 68, 1922.. 92 b. 95 %a.
110
b.
Evans.—
68.
••iO.
Peo.Dee.A
Ist.
Evansv. Div lat, 68. 1920...
Rich & All.— let, 78, 1920. tr. rec 56%b. 60
Rlchiu. & Dan.— Cona., 6a, 1915 109
110 a.
Debenture, 68, 1927
2d,inc,68, 1921
Co.— Ist,
6s,
Oregon
Ore. R.&Nav.Co.— iBt, 68,
Iiupr.
—
&
Rooh.
Pitts.- iBt, 68, 1921...
11313b.
1922
Con.sol., 68,
Rome W. & Ogd.— 1st,
!l08%b.
1891.
101 %b. 10ii4
Consul., extend., 58, 1922
98
99 a
St Jo. AGd.Isl.- let, 68, 1925
69 a.
2d, income, 58, 1925
b.
l.st. 78, 1894. 113
St. L. Alt.Jj r.H
7s,
.
—
2(1,
M.,pref.,78, 1894
2d., M., inc., 78, 1894
Dividend bds, 68, 1894
St. L. Ark. .t Tex.- 1st, 68, 1936
2d, 6a, 1936
Ir. Mt.— Ist, 78, 1892...
St.
2d molt., 7a, 1897
land gr., 58, 1931.
Gen. Ry.
San Fr.- 6s., CI. A, 1906
St. L.
68, ClaasB, 1906
68, Class C, 1906
Gen'l mort., 6s, 1931
Gen'l mort., Se, 1931
So. Pac, Mo.— Ist, 68, 1888..
Ist, 78, 1909
St. Paul M.
2d, 68, 1909
38%
UA
94"
'gi'b.
Ill b.
Ill
b.
112iaa. Ill b.
11214b. 113%b.
98'2b. 99
100 lab.
A M.—
11238
llSiaa.
II1I2
115
96 b. 98isa.
lstcouB.,bs, 1933
Do
a.
loeiab.
1071a
&
A
38
97
39
98
reduced to 41sb
iBt, 78, 1909
3913
98
Carolina— Ist. 6s, 1620
2d. 6s, 1931
Inc,68. 1931
So. Pac, Cal.— Ist, 68, 1905-12
So. Pac, Ari.— Ist, 68, 1909-10
So.
M.—
A
A Pac—
&
—
98
96
Wab.— lat, ext., 78, '90
1st, St. L.Div.. 7s, 1889
2d, extended, 78, 1893
Tol.
72
100
a
98%
West Shore— Guar.. Js
!>.
85
103
A
Jan.
Jan.
Jan.
Sept.
105%
58
62
89
b.
May
May
115
94
113
09
55
107%
1
110%
114 lib. 1141a
109
98
b.
May
May
101% May
111 lab.
94
1888...
7b,
Jan.
Sept.
Aug.
Feb.
Feb.
43
2d, 7s. 1893
N.— R.cAr.,7a,'95
St.L.K.C.
Fel).
15
b,
May
t-O
'iT'b'
62%
90
Con., cony., 7s, 1907
Great West.— Ist,
101 Hi
99
M.iy
47
99
Apr
1331a Apr.
96
63
46
98
Aug.
Mar,
Mar.
Apr.
no's .Tune
9714
80
Jan.
Apr.
I
0213
55%
131
I0714
1 37
32
.
Chicago Divison— 58, 1910...
Wabash Mortgage, 78, 1909.
89
35
102 13
105
100 a.
95 a.
1916 "90"b]
116%b, 115iab
Union Pacillc-lBt, 68, lfc99
104 b. 104 b.
Laud grant, 7s. 1887-9
110
110
Sinking fund. 88.1893
108 b. lo.^ia
Kan. Paeillc— l8t,68, 1895
108 b 108 13
Ist, 68, 1896
116 b, 115 b
Denver Div.— 68. 1899
101
101 lab
l9t consol, 68, 1919
9s k
Oregon SU. Line Isi, 68. '2'2.. 98
Virginia .Mid.— Inc. 6b. 1927....
Gen'l mort., 5s, 1936
Wal). St.L. & Pac. Gen., 68, '20
1131a
114
1071a
661a
n
10714b. 110
107 b.
46I3
let, 68, 1911.
So. Pac, N.
Inc.
Id gr, 78. '15
Tex.
Rio Grande Dlv.— Os, 1930 ..
Gen. mort. Aterm., 68, 1905..
N.
l8t. 68, 1 924
Tol. A.A.
Gr.Tr.- Ist, 68, 1921
Tol.A.A.
West— Ist, 78, '17
Tol. Poor.
Ohio Cent.— l8t. 5s, 1935
Tol.
A M.—
A
A
A
Toi.St.L. A Kan. C.-let,6s,
b.
Jan.
Jan.
Apr.
123 Jan.
1281a Apr.
110 Jan.
110% Feb.
77 Apr.
9618 May
11513 May
8618 May
1131, 8,,pr. 1181a Apr.
101% Sept. 1071a Mar.
May
1061a Jan. HI
100 July 1071a June
Apr.
1141a Aug. 123
Sept. 119
1 1 3
Jan.
109 Jau. 11213 Apr.
102 Feb.
1 la Apr.
50 13 May
31 Sept.
89 Sept. 102 '8 May
108 Jau. 112 May
99 Aug. 106 Jan.
90 Sipt. 1(14 la Apr.
110 Mar. 1151a June
10678 Sept. 112 Feb.
56 Sept.
77 Apr
109 S.pt. 115 June
106 Feb. 1 14 Apr.
114 Feb. 120 Mar.
108 Jan. 117 Apr.
IOSI4 June 1121a May
lOoia June 104% Mar.
97 Sept. 1« 81a Apr.
75 Apr.
65 July
113 Aug. 116 Jnne
108 Sept. 11238 June
105 May 108 Jan.
3.i
Jan.
48 June
951a Sept. 10238 Apr
55 14 Jan.
3i Si-pt.
107 Sept. 115 Jan.
109 May 1141a Mar.
99 Jan.
92 % Sept.
109 Sept. 115% Jan.
112 Sept. 117 Apr.
112 Sept. I1714 Apr.
1081a Feb. 115 May
9 7 la Sept. lolls June
100 July 104% Jan.
llOifl Jan.
118 Apr.
Mar.
115'aSei.t. 121
1 141a Sept. 12014 May
Shenandoah Val.-
Gen'l mort., Pb, 1921
May
Sept. lO-'is Apr.
Sept.
89% Apr.
78ifl
77
IO7I3 Aug.
112
b. loss's Feb.
Mobile & Ohio— New, 68, 1927 ..
107%b. 107 %b. 104 May
Ist, Extension, 6b, 1927
38 b.
47 Aug
iBtpref. debentuie8.7a
84
Mutual Un. Tele.— S. f., 6a. 1911
S3 Aug.
12412b.
Nash. Ch. & St. L.— Ist, 78, 1913
125% Aug.
103 Aug.
N.Y. Central- Extend., 5b. 1893 104
1031a
N.Y.C. AH.— let, cp., 78, 1903 iSOHi 133 a. 13013 Sept.
10714a.
106 Mar.
Debenture, 58, 1904
N.Y.&Har.- iBt, 7s. 1900
1281s May
96I3
85 Jan.
N.Y.ChicASt.L.— iBt, 68, 1921.. 96I3
70 Jnn.
2d mort., 68, 1923
591^"
61 a. 58 Seiit.
N.Y. aty &No.— Gen., 68, 1910
117 July
N.Y. Elevated— Ist. 78, 1906....
125 a. 125 Seit.
N. Y. Lack. A W.— Ist. Ps, 1921.
107
10634 Sept.
Construction, 5e, 1923
108
106 Sept.
N. Y. Ont. & W.— iBt. 6a. 1914.. 106
69 Feb.
N.Y.Sue.&W— Deb.,68,'97,op.ofl
85"b,
iRt refunding, .5a, 1937
901a Aug.
Midland of N. J.— 1st, 68. 1910 110 a. 113 a 107 Aug.
72
73
N. O. Pacilic— iBt, 6s, 1920
691a Sept.
Consul., 58, 1920
Consul., 7e. 1904-5-6
Apr.
1
1021s
May
80
28%
July
112 Apr.
Jan. 110 June
Sept.
66% Feb.
Sept.
78% May
Jail.
Si^pt.
104
95
95
114
102
110
Jan.
Jau.
82
Aug.
Aug.
Jau.
Jan.
Apr.
May
109% June
112
Feb.
99% Jan.
97% June
119% Mar.
103% May
Sept. 120
Feb,
97
May
May
lOs'ia Sept 115
IO8I2 Sept. lis
Mar.
114 Jan. 117% Apr.
Apr.
Sept. 109
101
9; la Aug. 107% Jan.
99 Jan.
95 Apr.
80 Sept. 90 Apr.
6OI4 May
49 Jau.
89 Feb. 104 14 May
IIOI4 Jan.
117% May
106
98
83
109
98
109
97
116
108
99
Ian.
Sept.
Sept.
Jan.
May
May
May
117% May
107 May
Aug.
Mar. II414 July
Sept.
104% June
other prices and the rauga are from actual sales.
STATE BONDS.
SECURITIES.
Alabama— Clat,B A 3
I
Bid.
1906 1(2
Class B, 5s
1906 103
Class C, 4s
1906 98
6b, 10-20
1900 101
Ari-anKae—6s, funded.. 1899-1900
10
7s, Little Rork A Fort Smith, ies.
22
7b,
7e,
to
5
Memi.his A Little Rock,
AikansHS Cential RR
iss..
Georgia— 7b, gold
Louisiana— 7b, cons
11
1890
1914 100
Blauiped, 48
Ml<'hlg»ii— 7b
1890 106
84''8
Ask-
106
112
107
12
30
28
14
106
85
SECURITIES.
Bid.
Missouri- 68
due 1889 or 1890
Asylum or Uuiversiiy, aue 1802
Funding
1894-1895
New York— 6s, loan
1892
6s, loan
1893
North Carolliia~68, old
JAJ
Funding act
1900
New bonrta, J. A J
1892-1898
Chatham
KR
Special tax, Class 1
Consolidated 48
6b
lOlo 190'
Bid.
Ask
Rhode l8land-68, cou.. 1893-1 894 115
6
Souih Carolina— 6e, non-fund. 1888
1893 104
Bi own consolidated 68
1892-1898
Teiinessci— 6.S, old
Comiironiise, 3-4-5-68
New
11
1910
SECURITIES.
Ask.
105
109
112
115
118
35
10
20
97
seltlement— 68
5s
3s
Virgin la— 6 s, old
6s, eouFOliduted 'londs
6b, lonsolidated, 2d series
.
«, rt' ft'-
e,l
tr.iot
y.!'*.
7
60
72
107
1912
1913 101
1913 100 102%
1913
68% 70
47
90
60
«
10
HBKR
THE CHRONICLE.
34. 1887.1
397
BONDS-STOCK EXCHANWE <JDOTATIONS ON PKIDAT OP INACTITE RAILROAD BOND^
BKCURITIE8.
Bid.
Rallrond Bonds.
lHlfirk F.jrIianQ' ITirei.)
8iin.
4Hii -.-1920
Atoll. T.p.
Fo—
A
1911
Sliikliii! fimil,(ie
1938
Brodi (ic.k-UIgcim. 4»
Bait. A (inlo-lntao. Park B.. 1019
1925
^B. volil
JI.
Tun.
l«t
fol. tr,
70
HiLi^HTed
Minn. ,v M. L.-l«t7«.
Io«M
r..l.
C.
AWist.-
\:.\\>. I.
IM
»
.
Bull. N.
V A
F.
&
80
(TU
.
"05
'<i
lOflk
101>9
1927
105
1021
Phil.— Cons. 6s. ..1921
107
100
Pari tic
.
AW.
..19S0
'own
Division- 1st 68. .1912
llliioWIJIvlflon-l8t6s
1912
Cent. KR. A KiinkinK Co., Ga.—
Km^iiI'ii
1
iod
of Aliibania—
1st, coiiH gold.Os
Bill. C.
N.— 8.r., deb., 6s.
1st inortg., 6h
Erie— lat, extended, 7s
A
RR.- Central Pacltlo—
Ool lion la, 6b
Gold bond", «a
G<dd bonds, Os
100 >s 100
Tinn. Va.
Cal.
Cal.
1026
1895
1896
114
114
18'I7
1I4I«
AOregon-lst, 68 ...1888 100
A
Or.gon-8er.
B., 6.
1892
100i«
Moft bond.
lOtii 103'4
OS
West. Pai-ille— Honda. 6« ...IHOOi" ...
No. Railway (Cal.)— 1st, 6a. 1007 -118
..1021
1020
1807
2d, extended, 58
1019 111
3d, extended, 4's8
J923 10t>9
4th, extended, be
1020
5lh, 7h
1888
1st. cons., fd. coup., 78
1020
Reorg., 1st lion, 68
IHOS 105
136
B. N. Y. AE.-lst, 78
.1016
108
N. Y. L. E. A W.— Col. tr., 681922
A 8. W.— Mortg. 6s.. ..1008
Evan. A T. 11.- let, c<ms., es.l921 113
Mt. Vernon— 1st, 6«
1923 110
Evans. A. Indian.— iBt. cons. ..1926
Eureka Springs R'y, 1st, 6b. g.l93»
Fl't A P. Marq.- Mortg., 68. ..1920
Grand Riip. A Ind.— Gen. 5s.. 1924
1924
Tnl^.l ccrtiflcates
CViitr:(l
A Mar.- 1st, 6a. .1021
A Alp. Ist, 6.. ..1013
& Oa.— let, 7t. ..1000
C.
Bid.
BIECirRTTTRS.
Aak.
Buff.
Triiiit ciTtlfli-aies
GiniriilOe
Bid.
.
i05^8
1006
1934
1st 7s.... 19119
N., iBt 6S.1920
Ray
E.
A Nor—
5s
Mark.
Dfit.
Divisional 5s
•
* W.— D«>b. 6»...1913,*
ftH
C<ii>.c.l. \-
Ort.
e.
Ki iiKtcred
Bom.
Bnrl. CertBi- Raplde
BErORITIEB.
Ask.
10S>«
121
121
09
1896 113
1807 II410
1898 115
1908
1907
1 895 108
Union Pac. -lat, Os
1st, «8
Ist, fla
Col. Trust, Oa
C<il.
Trust,
I5»
O. Br. U. P.— F. 0., 78
Atch. Col. A Pac.- lat. 68 19il5
Atch. J. Co. A W.— Ist, 68. 1905
1909
Dr. 80.—fle.n., 7a
1909
Exten.. 1st, 78
92
90
Mlsaoiirl Piielllc
Vcrd'a V. Ind. W., l>t, .5s,l''26
^J^r. A C'y Val A. L.,lBt,.5s.l926
96
IIS
119
113%
1041a
93
92
A
A
St. Louis
San Franolseo—
lat, «a. Pierce C.
A
1919
Equipment, 78
1895 107
Re (list end
Kan. City A 8.— Ist, 6a, g.l016
Ci lliitoral f:ol(l, 5».
1937
1911 110«i 118
100 !U Ilan. A St. Job.— Cons., 6»
105
Hous. E. A W. Tex -1st. 7s.. .1898
Ft. 8. A V. B. Bit.- lat, 68 1910
Clirsaiieiike A Ohio
109
107
St. L. K.ASo.Wn.-lst, 68.191'i
1908
Illinois Central- let, gold, 48.1951
6#, Ki'lii. P< Tips A
106
Tex. A Pac.-lsf, 6s
Chcs. O. A So. Wcst.-2d 6s. .1911
l^t. urolil, 3i<8
1905
1951
lat, 6a, ex coupon
Cliici'L-.. A Alton-lst, 78
If9:i 113
Sprtngf. Dlv.-Coup.,..68, 1898 •115>s
111
Consol., 6s, trust reoelpt8.1905
Biiikii,- fund. 6«
95 100
1003 123 123>a
Jliddlo Dlv.-Reg., .58
1921 112
l.i.iH^. A M(i. Klvor-lHt7e..l900
Pennsylvania RIt.—
117>4
C. St. I.. A N. 0.-Ten.l.,7» 1897
118
1000 117
Pa. Co. '8 guar. 4ias, 1st op.. 1021 103
2d7e
lat, eonsol., 78
1897
104
Pa. Co. 'a 4 las, reg
1921
St. L. J aiks. A Chip.— 1st, 78 1 894
2d, 6a
1907 118
115
coupon
il5»a
Pitta. O. A St. L.— lat, op., 7a. 1900
Ist, Kiuir. (.'Mi4), 78
1894 117
Oold, 58,
1051
2d, 7s
1913
2rt niorti:. (3tiO). 78
ReglBierrd
1808
112»a
....M
115
Pitts. Ft. W. A C— Ist, 78. ..1912
2d, iriinr. (Ibf). 78
Dub. A 8.
2d Dlv., 78 ...1894
1898
2d. 78
1912 137
HlHs. R. HndK<-— l8t, s.f. 68.1912 106
Ced. FalU A MInn.-lst, 78.1907
3d,
78
1912
135
Chic. Biirltmi. A (Julncy—
Indlanai>. D. A Spr.—
106
Clev. A P. -Cons., s. fd., 7s I'Oo 1261« .....a
Coui'o Idiited, 7s
130 13 131
1st, 7s, ex. fund. i'oupon....l906
.. 1903
iOl'3
4(h, sink, fd., 63
189J 1061a
8s, Blnknig liind
1001
Lake Erie A W'u -1st. g., 5a.. 1937
St. L. V. A T. H. -1st, g., 78 1 •<9
lowaDir. Sink, fund, As. lUlU
Lake Shore A Mich. 80.—
iir
1892|*112ia
2d, 78
1898
8I1. king fund, 48
Cleve. P. A A.— 78
1919
90
21
125
2d, guar., 78
Plain. 4iBuff. A Er.— New bonds. 78.1898
1898
1921
Pine <T.-ek Railway—6a of 1932
Nrbraskit Exien^lc n 48
1»'!i7
Kal. A W. Pigeon— let, 78... 1890 101
---••
Pitta, aeve. A Tnl.— lat, 68... 1922 114
Det. M. A T.— 1st. 78
1906 M23'2
Chic. Bnrl. A .N.i.-lX-b. bs
1896
•1-.!1
Pitts. Junetion— 1st, 6s
1922
Chi. B. I.sl. A Pac.— 68, coup..l917| 126>s 130
Lake Shore— Div. bonds, 78.1899
"a
•-•••
1*
126'4 Pitta. McK. A Y.— 1st, Os
193J
EeK'stirwl
C01180I., reg., l8t, 78
132
...1900 12.T
..-•«
Rich. A Oanv.- Deb. ox ep. 63. 1927
1934.'105 108
Consol., reg., 2d, 78
1903 1211s
Eat. A Col., 58
1!t37
Consol. nioit.. gold, 58
BiKi.'it' red
Mahon'g. Coal RR.— lei, 58.1934
Atl. A Char.— 1st, pr., 7s
Des Mom^s « Fort D.— l8t,48.1905
87
1897 iii"
LouK Island RR.—
iBt. 2>sIncomes
1905
1900
N. Y. A M. Beach- let, 78..1897
Rich. AW. Pt. Ter'L Trust 6b.. 1897
Extension. 48
34
N. Y. B. AM. B.-l8t,g., 58.1935
Ih"
San AiitA Aran8.-l8t,6s,'85-191H
Ktok. A Ue-s .M.— Ist. 58 .. ..1923
Louisville A Nashville—
1st. 6a, 1886
06"
Chioa>!0 .MilwHukee & St. Panl—
Cecilian Braucu-7a
1907 105 110
1926
Scioto Val.— Ist, cons., 78
PeneacolaDiv.— 6a
101
1st, 88, P. I)...
1898 124>3
1920
1910
Coupons off
1921
2d, 7 H-lOs, P. D
1898i 118
St. Louis Div.— let, Oe
40 ..*.^«»
St. Louis A Iron vfountain—
1st, 7s. $j{.,R. D
1902 lv:5
1980
2d, 38
Arkaneae Branch let, 78.. 1895
let. La CToRse Division, 78. .1893! 116
Nashv. A Decatur— let, 78.. 1900
Cairo A Fulton— let, 78
1899*119
let, 1. AD., 78
8. A N. Ala.— 8. f., 68
1910 1081a
1891 ioiii •>••«
Cairo Ark. A T.-lat, 78
1st, C.AM., 78
1903! Vi*H
Loulsv. C. A L.— 68
1931
1897
101
St. L. Alton A Ter. Haute—
let, 7e. I. A D. Ext
1908, 121
1937
5 p. c. 50 year gold bds
1909i
BeUev. A So. 111.— 1st, 88. ..1896 114
1st, 8. W. Div., 68
Pens. A At.-lst, 6s, gold.. 1921
116
881a 90
1919Ist, 58, Li. C. A Dav
Bellev. A Car.— lat, 68
104
1923
Lou. N. O. ATex.— let, 58.... 1934
let, H. A D., 78
St. Pan! Minn. A Man.—
1910 •
Mexican Central— let, 78
1911
120
Dakota Exten.— 68
1st, H. A D., .58
1910
Ex coupons 0, 7, 8
1910 115
.Min's Un.— Ist, 68
Chliajto A Paciao Dlv., 68.. 19 10 *
1902
108%
1922
118
Mich. Cent.— let, con., 5s
112
Chic. A Mo. Rlv. mv., 58 ...1926
St. Paul A Diilutii- Ist, 58. ...1931
1909
6s
Sodua Bay A So.— Ist, 5a, g...l92t
Minenil Point Div., 58
1910! 102
1931
Coupon. 5a
Tex. Central— 1st, s. f., 7s
C. A L. Slip. Div., 58
1921
Registered, ,58
1931
1909
Faifco A South.. 6s, Assu ...1024
1891 lOlHi
Ist mortg. 7s
Jack. Lan. A Sag.—6s
1911
luo Cfnv. eink. fund 08
1H16
Tex. A N. 0.— let, 78
Milwauk. A North.- let, 6s. ..1910 107
1905
Dakota A Gt. South., 58
Sabine Division, 1st, 68
ExleneiDn, 6e
1913
107
l!il2 95
1916
Vallev R'v Co. of O.— Con. 68.1921
CblcuKo A JioithwesternMllw. Lak« S. A West.105
Extension lionds—48
WaL.St.L. A Pac- Hav. D1t.-68.'10
1926
Conv. deb., 58
1907
94%
Dlv.—
1st,
Escauaha A L. S.— let, 68. ..1901
68
IndianaiKilia Div.—6s
Ashland
1925
114
1921
Detroit Div.—68
Dee M. A Mliin.-l8t, 78
1907
1921
94
Mlnu. A St. Louis05
to-waMidland— Ibt, 88
Cairo Div.- 58
Iowa Ext.— Ist, 78
1009 115
1931
1900
Peninsula— 1st. Couv., 78... 1898
Tol. A Wab. - Equip, bds., 7sl883
2d mortg., 7e
1801
100
Cliic. A Milwaukee— l8t, 78.1898
Quin. A Tol.— 1st, 7s
121
Southwest Ext.— let, 78 ....1010
1890
Win. A St. P.- 2d, 78...
Han. ANnples- l8f, 7s
190^
1907 129 133
1021 110
Paclttc Ext,— let, 08
1!I05
Mil. A Mad.— Ist, 68
111. A So. Iowa— 1st, ex. 68. 1912
Minn. A Pac— 1st mortg. 58.. 1936
98
Ott. C. F. A St. P.- Ist, 58. .1909 106
Minn. A N. W.— Ibt, 5s, gold. .1034 1011* 102
St. L. K. C. A N.Northern 111.— let, 5
Oiualia Di v.— Tr. Co. rec.l91»
1910
.viinn. s Ste.M.AAil— l8t,58..1026
119
CI. Col. Cln. A Indianap.—
Mo. K. A T.— ConB.,2d, inc. ...1911
Clarinda Branch- 68
1919
let, 7s. 8. fd
1899 117
1890
St.Cliarlea Br'ge— l8t,68.1908
H. A Cent. Mo.— let, 78
1091a
Coneol. 78
1914
No. Missouri— l8t, 78
Mobile A Ohio— CoL tr., 6s ...1892 102
18H5
Cousiil. sink, fd., 78
Wab. St. L. A Pac— Iowa Dlv., 68.
1914
St. L. A Cairo- 48, guar
1931
71
72
Chic. St. Paul M. A O.—
West. Union Tel.—Coup. 78.. .1900 117
Morgan's La. A T.-let, 68.. ..1920 95
Chic. 8. P. A Minn.— Ist, 6s. 1918 121
Rectstered
1918 115
l8t,7s
No. Wisconsin- Ist, 68
lOaO
N. W. Telegraph—78
lOO-l *102
Nash. Chat. A St. L.— 2d, 68.. 1901 100
Chic. A E. 111.— Ist, B. /., cur.. 1907 113
Wheeling A L. E., 1st M. ,5s. .1926 100 lOlU
117
N. Y. Central-6«
18b7 lOlii
Coni-ol.. Ist, 68
1934 114 ll.-l
1986
106
Manhat. Beach Imp. Co. -7«. 1909 •
N.J. June.— Guar. 1st, 48
88
Ohio. A \V. Ind.-l8t, s.f., 68. .1919
Tenn. C. I.Alfy.— Coneol., 6a. 1901
Registered certilicates
1171a
Genernl mortgage, 6
1932
South Pitts.- let, 68
110
1902
N. Y. P. A O.— I'rior lien. 6s . 1805
105
Chic. A St. Louts— Ist, 6s
1915
Bir. Div.— lat eon. Oa
1917 77
N. Y. A New Eug.— 1st, 78.. ..1905
79
Cln. I. St. L. A Chicago—
1905
CoL A H.iek. Coal A L—6s, g.. 1917
let, 66
Ist, gold, 48
1936
Income Bonds.
N.Y. Suan.AWe8t.-2d. 4138...1937
70
.
C—
1
.
—
'
Ret;lstered
Cln. Jack.
l8t,g.,58.1933
Col. AGrteu.-l8t,6»
1916
AMac—
2d, 68
97
1926
A
Col.
Cin.
Del. I-ack.
Midland— let, 68.. 1914
A We8t.-Couv.7B.1892
94
I
B'gi.'^tcreii
1-t.
i'
1
.
!
A
Siiaque.— 1st, 78.. 1888
"ns., ^luar., 7s
190i
I'lerid
lis., guar., 68
1906
i..f;i.-i.rud
Ecus. A Sar.— Ist, coup., 78. 1921
Registered
'
No
Dividend extended
Spok. APal.-lBi.B. fd., 68.1936
St. Paul A N. P.-Gen., 68.. 1923
Registered
Mortgage, 78...
1907
Svni. Uing. A N. Y.- 1st, 7s. 1906 *131
Morris A Essex- Ut,78
1914
2d, 78
1891 •iof
Bonds, 78
1900
78 of 1871
1901
let, rob., gn8r.,78
1915
DeL A Hud. Cunal— let, 78. ..1891 '107
l8t, est., 78
1891
Coupon, 78,
1894
Rcglstertd, 78
1894 •117
Pa.
iv.,coup.,7'i.
191^
AUmi.y
96
N. Y'. N. II. A H.— 1st, reg. 4s.l903
•101
Nori hern Pacific - Dividend scrip
102 »a
(Interest /myable it earned.)
Atl. A Pac.-Cen. Dlv
1922
Iowa— Coup, debtoertfs
Ell/.CUv ANor.-2dino
1970
Ind'ap. bee. ASpr.- 2dlno.. 1906
Trust receipts
Ixh. A Wilkeai). Coal
1888
Mihv. Lake SU. A W. Income
Mobile A Ohio— 2d pref. deben
3d pref. debentures
4tb pref. debentures
N.Y. L. E. A Weet.— Inc., 68. .1977
Ohio Cent.— .Mln. Dlv.-Inc. 7e ISCJI
Ogdena. A L. ("bam.— Income. 1920
SUenandoah Valley— Inc. 6«..1923
9914 Cent.
116%
Helena A Red M'n—l8t,g.,68.l!)37 102 i-j
Dul. A Manitoba- iBt.K. 68.1936 103 >a
141
U. 1. B.Val. A Butte, 1st. 0s.l93; 104
108
N. O. A No. E.-Pr. l.,g., 68 ..1916
1931 110
Norf. A W.— Gen., 68
193'2
125
New River- lat, 68
1934
98
134% Imp. A Ext., 68
1924
106
AcUuatment M., 78
103
1920
Ogd. A Lake Ch.-lst, 68
119
Otio A Mise.—Cons., 8. f., 7s. .1898 113 117
Free l.i»t.
193i
1891
General 58
Cumb. A Penn.— Ist.Os
1888
Ohio Cent.— let T. r. Tr., 6s. ..1920
137
2d, 6a
Cou8.78.189M
1921
Mln. Div.— l8l,6e
EileAPiitsb'gR'y.—
IwOO
Ohio River RK.- lat, 68
19J6
Warren RK -2d .\I.. 78
Omaha A St. L. R'y.-lst, 4s. 19.37
75 la Vlan.iali Fundeil Inf. bonds.. .1907
1021
Oreson A Cal.— Ist, 6s
L ke Eli.- W.ilia-ali A St. I...— 78..
Gt. Wes'C'u -Ist mortg 78.
1201a: PaU'.ma—Sink. i<t, sub., 66.. .1910
1927
Toli>d> A Will ah. -2.1 iiiort., 6s.
INoria IJee. A Ei-.— id, &a
TO
71
Wa;»a8li .t Weati rn.— 2d mort..(!s
lii' Peona A Pek. U'u— Ist, 68.. ..1021 106
1921
Great W'a'.rii.— d nio'-'ir.. «!a
2d M.. 4'sH
131
price Friday: these are latest quotatlojs
—
,
madi
tuia nvn^.
*
104
20
24
,
*
19
35
40ia
lOCa
101
lis
*l20
100
100
ti7
87
-7
THE CHRONICLE.
398
Mew York
Quotations In Boston, PaUadelphla and Balttmore.
8KCUKIT1KB.
BOSTON. ^
At«t>- * Topeka— l»t, 7«.
RAILROAD BONDS.
'86
150
iUegh. Val.— 7 3-108,
90>9 91 "t
7b, E. ext., 1910
Coll Tinst, 68
Inc. 78, end., coup., '94
116 120
Ijand^ant, 7b
Bait.
& O.K. Side— Certs.
58
Plain,
Del.— 1 8t.n8,1902
Belvld'e
Mortgage, 5s
Cons. m. 49., 1927
---•
Mortgage, i'a
104
Ist, 7b, 1893.
Gap—
Beus
flCO
TrusC 6s
lis
l8t, 6b, 1905
Bnr.*Mo.lDSeb.-Ej['t,68:}..-.Bnr.itMo
iiiA>i
Con., 68,1913
.- {10J*fl
68 non-exempt
P3
Buff. N.Y.* Phil.— lBt,6t
48
lie
Ist, Tr. 6s, 1922
Lancl giant, 78
Cam. A Ambqy— 6b, o.,'89
Oalilomia So.— 68
7»
Mort., 6s, 1889
IncoBce Gs
t'2
Cam. A Atl.— lst,78,g.,'93
Ohio. K. C. & Wesl'n—88.
5a la
2d, 6s, 1904
iQConies
86
Cons., 6 p.
-.-.
Cona. Yennont, 58
Catawissa— Ist, 7b, con. o.
£ast'rn, Mass.— 68, new.. 120
New 7b, reg. A coup
Frem.Elk B.&JI0.V.-68..
Col. AC. M.— 1st, 68.1914
K. C- Ton Scott & G.—7b ll'2"
Connect'g 68,cp.,1900.04
K. City Lawr. A K0.-68.- 113
87 "a Del. * Bound Br.— lst.7f.
fc6
K.C. Slemili. & Eirm— 5s
125
Duluth Short L., Ist, 5s.
K. CitT!?t.jo.&C. B.—7b
109
East Penn.— 1 8t, 7s, 188b
K. City Bp'd & Mem.— 68
98
KastonAAmb'y— 68, 1920
K.C. Clmt. & Bpriiigt.— 6s
110
El. A Wmsp't-1 st,6B, 1910
i....
Wttle B. 4. Ft. 8.— 78
104
68, perpetual
XonJST.Ev.&£t.L.— let, Gs
Harrtsb'g— 1st, 68, 1883..
,61aamort
H. AB.T.— Ist, 7s, g., 1890
Mar. H.&Ont.— 3908, 68, 100
Cons. 68, 1895
ltl25, 68
69>9
IthacaAAth.— l»t,gld.,78
Vexioan Cential— 48
Leh.V.-lst,6s,C.AB.,'9S
Bond scrip
76'^
2d, 7s, reg.,1910
78
20 >4 20 "a
Cons. 68, C. A R.,lfl23.
Income
92 Si
Coupon notes, ICs.....
No. Pcnu.-Id, 7s, 1896.
85
1903
Debeninie, 108
U9h aen.,78,
Debenture 6s, reg
XIMex.A So.Pac- 78
122
Norfolk A West.- Oen.,68
S. Y. <& N. England— 78..
108 110
N.R.Div., let, 68.1932
6a
V3h
2d8, 68
N.Y. Phil. A N or.— let, 6b
OKdensb.& I-.Cli.— 68
Inc.,6s, 1933
Consolidated 68
i 99
Oil Creek— Ist, 6s, coup..
44
Incomes
Ponnsylv.- Gen.,68, reg.
llS-a
Faeblo & Ark. Val.— 78..
aen.,6B, cp., 1910
108
Bntland— l8t 68
Cons., 68, coup., 1905...
CO
6s
Cons.. 5s, reg., 1919
96
94
Botitliem Kansas— Gs
AHis, Trust Loan
83
Incomes
Pa. AN. Y. 0.-78,1896.
lOlH
?.003<
-•
Bonora— 7s
7,1908
WiscoEsin Cent.— Ist ser.
Perklomen— 1 st, 6B,cp.'87
60
48
2d series
PhlLAErie— l8t,78,op.'88
—
BANKS.
117
110
20
103
117
21
104
109"
STOCKS
AtcbiBon A Topeka
Boston (& Albany
Boston & Lowell.
Boston & Maine
......
Boston & Providence
Boston Con. & M.. pref..
Cons., 68, 1920,
1031,
Cons., 6s, 1920
2l0
Phila. Newt. A N.Y.— Ist
Phil. A R.— Ist, 88, 1910.
215
2d, 78, coup. A reg., 1893
220
Con8.,78, reg., 1911
141
Cona., 78, coup., 1911..
1
103
199
{167
—
—
z
Boston Kevere B. A Lynn
"26
California Soolhern
Central of Ma^sachuBetts
20
Prelerred
38
CliesMre, prelerred
Chic. <t Kast'n Illinois ...
Chic. Burl. & North'n
Chic. * West Michigan..
Cinn. Sandusky A Cleve.
Cleveland & Canton.
Prefen-ed
39
71-2
46
iO
19
7
"28'
5....
Concord
138
Oonneotlcnt River
Conn. <fe Passtimpsio
;iot
Det. Lansing & No., pref.
ifO
1051.
Bastem
Preferred
5125
FltcLburg, pref
e4>3
Pllnt* Pero Marinette. SB's
Preferred.
97
* Blonx Cl^.
Kan. C. Clin. * Sprtngf d
Ban. City Ft. 8. dl Gulf ..
Iowa Falls
;o7
130
95
liOuisv. Ev.
&
38
5
69^
St. Louis..
&
1-25
96
120
Mexican Central
IT. Y. & New England ..
IV
137
i;-o
121
ISCa 133
{109
100
89
98
130 ii.
la2ia
1116
.133
,
AO
Oermania.
Greenwich
200
112
ilanover.... 170
Im.ATrad's' 320
145
Irving
Leather Mis' •-'00
-.
310
2:0
165
170
Mechanics'
H'ohs'ATrs' 145
yferoantile.. 145
139
tf ercnanta '
H'rch'ts'Kx. 118
i65
20
24
1650
iletropolit'n
•Jaasau
148
Falton
172
People's. ... 160
P leulx
113
tspublic . .. 138
ll.'i
14U
138
SLNioholas
7th Ward... 115
Sscond
230
......
,
SioeALeath
t4.'>
tcateofN.Y
12s
.
US
143
P*rk
.^hird
ibs
Jew York. 208
Insurance Stock List.
iso
.ill3
125
114
1126
12134 Vib't
115
lOJia
101
102
101
Clttzena'.... 112
117
100
Commercial. 35
Continental. :»;)
City
Clinton
2<10
Eagle
Empire City 100
Exchange... 100
116
Farragut
Firemen's". 97
German-Am. 300
Germania... 160
Globe
115
221a
101 =B
117
104
98
Tnlted
210
St.'es
103
I6.i
190
125
12J
[Greenwich..
2'iO
Guardian ...
Hamilton ..
IHanover
Homo
ltd
73
121)
IrO
140
140
N. Y. Equit. 160
N. Y. Fire .. 90
Niagara
160
Noith River 90
Paciflo
170
Park. ..
70
Pet'r Cooper 170
100
People's
Phenix
65
140
Rutger'a
103
Standard
65
Sterling
Stuyvesaut 115
United St'ea 140
Westchester 140
Wllliamsb'g. 250
HO
110
40
•i.'O
260
106
115
126
103
330
160
125
Howard
80
Jefferson
136
2.0
Manuf'c.A B
Mechanics'
I'iU
eo
100
100
100
135
KO
Mercantile..
60
90
90
70
100
100
130
146
Merchants'
Montauk
Naasan
Ask
Bid.
.Vatlonal.... 100
130
60
120
200
Kings Co
Knickerb'k r UO
Long Island VO
Lafaietto... 76
12!)
COMPAN'S.
Ask.
•i.'.O
105
165
100
170
ICO'
180
100
180
IDS
63
150
110
75
126
168
170
280
Gaa and City Railroad Stocks and Bonds.
COMPANIES.
I
Brooklyn Gas-Light
Oitizens' Gas-LigLt ...
Bonds, 5s
Oonsolidated Gas
Jersey City A Hoboken...
Metropolitan— Bonds
Mutual (N. Y.)
Bonds, 68
NM8aa(Bklyn.)
Scrip
Bid.
A
102
66
50
100 103
711a 72
160
116 123
93
96
100 103
100 103
96
100
100
RR. QuotatlonB by H.
r
P-Kiple's (Bklyn.)
WiUlaiusburg..
Bonds, 6s
Metropolitan (Bklyu.)...
Municipal— Bonds, 7b
Falton Municipal
Bind.-', Gs
Equitable
Bonds, 68
..
.
UO
D. D. E. B.
A B.—-icrip, 6s
Ktflck
liiihth Av
scrip, 6s, 1914
116
Oent. Pk. N.A B;.Kiv.-.Stk
Consol., 78, 1902
120
Ohriat'pb rAlotb st— Stk. 121
Bondr, 78, 1898
110
Dry Dk. E.K.A Bat'v— Stk 140
110
let mort.. 7s, 1893
1
Ask.
62
118
111
83
110
132
109
115
60
115
109
77
106
130
106
110
110
113
104
107
158
110
31S
UO
ICG
43d A Gr'cd Mt. P'ry- Stk 200
let mort., 7b, 893
112
103 "a
42d St. Mauh. A .St. N.Ave
90
l8t mort.,Gs, 1910
90
123
2d molt., lucume, Gs
ioust.W.isi.AP. K'v-Stk.
110
Istmort., 7s, 1894
165
Vlnth Ave
108
Sdoond Av.— stock
165
Istmort., 5*. 1910
160
Tonsol., 78,1888
120
eiith Av.— WL.II-.K
81
121
In mori., 76, 1890
124
ThTd Av — .s-i'.'.K
1121,
rtonds, 78,1890
Tw-'uty-tbird St.— ^tock..
148
Ut wr., 7s, 1893
1121a
Bklyn. Crosstown— stock. 160
Istmort., 78. 1888
105
Street.]
Bid.
Qbuit, Broker, 145 Broadway.]
30
116
180
Bnabw'k Av.CBkln;- Sfk 150
Central Crosstown- stk.. 155
Gs. l'J22
L.
Wall
Co., Brokera, 49
GAS COMPANIES,
A8k.ll
I
Broker St. A Fult.F.— stk. 28
Ist mort..7s, 1900
111
Br-dway A 7tli A v.— St'k..
Ist mort., 58, 1904
2d mort., 58, 1914
B'way Surface bds.guar..
Bonds guar., 58. 1906 ...
Brooklyn City— stock
liO
Istmort., 5s. 1902
106
Istmort.,
100
33
170
100
Quotations by Obo. H. Pbbhtibb
[ itta
[City
57'
Ask. ,COMPAN'S. Bid.
Bid.
American... 160
Amer. Exch. 70
Bowery
150
Broadway... 170
Brooklyn ... 110
1031a
}....
....
ISO
Aak
Bid.
Y. Count' 200
«.Y. Nat.Bx
Jinth
126
J. America. ISO
Jorth Riv'r. 130
irlental
182
P'.oiflc
160
..
*arket
Ave.. 700
fifth
First
BANKS.
J.
tCauhattan.-
Exch... 190
Kaat River.. 130
Qa.a
39
W.JerseyAAtl.— lat,6s,C.
Preferred
} B9>» 100
Western Penn.—68, coup. 106
northern
147
"
110
(146
,P. B., 1896
Norwich^ Worcester... !
177 "a
6s, reg., 1923
Ogdensb. <& L. Champlain
BONDS.
CANAL
>Td Colony _
174
Ches. A Del.— lBt,86,1886
Portland yac^ A Portem. {
128
Lehigh Nav.—4'-.8, 1914. 110
Ports. Gt. Fa IS & Con'y.j
100
11534
Mort. BR., reg., 1897 .. US
*
Bntland
129
Cons., 78, reg., 1911
Preferred...
40
,
1910..
6s,cp.,
80
PennsylT.—
Bammit Brancn
Schnylk. Nav.— lst,68,rg.
Wisconsin CeLtral
4014
ad, 68, reg.. 1907
Preferred
37 "a
BALTiniORB.
'Worcester Nasu'aA Koch.
RAILR'D STOCKS.iPftl
PHll>ADtL,PHJA.
Atlanta A Charlotte...
87
BAILKOAU 8T00KM.
Baltimore A Ohio ...100
124
Buff. N.Y. &Phil.,a88.pd.
l8t pref
130
914
9>a
Preferred
105
2d pref
115
8
Camden & Atlantio
6
Parkersburg Br
50
Preferred
47
"
Central Ohio— Com
60
40
Catawlssa
Pref
60
12
l8t preferred
131-j
60
(0<9 Western Maryland
Sd preferred
RAILROAD
BONDS.
45
47
Delaware* Bound Brook
Atlanta A Charl.— Ist...
118
ItO
Sast Pennnylvania
tno
106
Blmira A WilUamsport.. 48
Baltimore A Ohio— 4b...
l03
40
Prelerred
Cen. Ohio.— 68, Ist.M.AS.
eo
Hantingd'D A Broad Top 11 -a
Charl. Col. A Aug.— ist..
113
Preferred
111
2d
SO'.
Iieliigh Valley
Cin. Wash. A Bait.— lata.
66'( 99
Little Schuylkill
'56I3
2da
6i
74
Hlnehlll & Sch. Haven.
3d8
67
40
Vesqaeboulug Valley ..
1st Inc., 5s, 1931
54
20
.Northern Central
ColumbiaA Greenv.— letf
86
104
North Pennsylvania...
TSij
89
Pennsylvania
"6;,%
No. Central—4 "as, J. A J.
109
Philadeliihla & Erie
68,1900, A.
120
Phlla. Oer. & Norrlslown
68, gold. 1900, J, A J
1191s
Phila. Newtown A N.Y
68, Series A
111
Phila. 4 Reading
29 -^ 29 !«
68, Series B
110
Phila. Wllni. A Bait
Plttsb.ACon'ells.—7sJAJ 116
118
tJnlf,od N.J. Companies.. 212'a
119
2161a Union BR.- lst,gua.JAJ
WestJersey
Canton endorsed
West Jersey A Atlantic.
Virginia A Tenn.— 6s
100
61
116
CANAL STOCKS.
W.Md.—
8B,3d,gnar.,J.AJ
121
Lehigh Navigation
47
Wilm.C.AAug.—68..
120
Bobuvlkiii Na-\lgation.
Wll. A WeiQon— 6s
lllia
do
do
Pref...
78
120
i
Uom
1131a.
A
.,
136
175
122
..
Oontijiental.
OOMPAN'8
110
A
ShamokinV. A Potts.-7p
Sunbury A Erie— 1st, 78.
Sunb. Haz. A W.— Ist, Sf
Ist, 78, 1899
Cons. 68, 1909
270
Glllatin .... 200
.0.1
Girfleld
Gsrm'nAm.. 1 10
[Qnotatlona by E. S. Bailey, 6ia Pine St.]
ICO
116
113
Warren A F.— 1st, 78, '96 104
West Cheater— Cons. 7s.. 111
W.Jersey— let, 6s, cp.,'9fc
Lawrence.
210
212
lltU Ward.
Pitts. Cin. ASt.L.— 7s....
B.— 78,ci>.
Pitts. Titus.
Cona. 68, gold, 1901....
Con8.6B, gold, 1908....
Gen., 48, Bold, 1923..-.
Ohase
Commerce
,
117
Union A Titusv.- Ist, 78.
United N. J.— Con8.68,'94
Prefeired
Maine Central
Manchester
lOSH
106% 107
Income, 7b, coup., 1896
Conv. Adj. Scrip, '85-89
Cona. 58, 1st ser.,c.,1922
Cons. 6s, 2d ser.,c., 193S
Debenture coup., 1893
Conv.,7a, R. C.,1893.
Deferred incomes, cp...
Phil.Wll. A Bait.—48,tr.ot
i;u
Ask.
178
Chemical.... 2400
Oltdieng' .... 137
300
City
2d, 68.1938
29>> Sunb.ALewlat'n 78.C,.'98
87 "t Syr.Oen.A Com.— l8t, 7b.
Pac.-lst, 68,1906
Tex.
Coneol.,68, 1905
Preferred
K. C. Menii)li. & Birm- ..
Kan. C. bpiiugf. <& Mem.
lilttle Rock dk Ft. Smith.
Con8.,68,g.,I.R.C.1911
Imp., 68, g., coup., 1897
Gen., 88, g., coup., 1908
Gen., 78, coup., 1908
Central
Chatham
—
—
Bid.
America
173
Am. Exoh... 140
Broadway... 265
Sntchs'A Dr 11:4
Local Securities.
Bank Stock List.
BANKS. Bid. Ask.
Ask.
SEOUBITIKS.
XLV.
[Vol.
117
42
33
108
69
155
110
107
1091a
62
160
113
111
121
107
lOS
101
175
110
iso"
115
230
107
230
114
'.20
106
220
112
Unlisted Securities.— Quotations from both Exchanges:
SnCURlTIES.
Amer.
mort
2d mort
Buff. N. y. A Phila
Pref
Trust bonds, Gs
Cape Fear A Yad.Val.,
Kan. City A Oinah.i, Isi M.
t\eelv Moior
Mexican Nannnnf Ir. rec,
Ist irorigaf^o,
Ist
36
90
Dul. S. Shore
Pref
A At.— Stk.
Aak
87
ii"
16
9i»
14
7'a
36
25
85
40
30
8Ci»
7
Istuioit
iPitt". A V. est. KB., ist M.
104 =j Ki>me Aiiecatur, ibtM..6
A
Coeur d'Alene
Bid.
3
!N. Y. W. Sh. A B
Stock
2
;North. Pac— Div. bai.de. 100
ibs""
Ocean Steam. Co., 1st guar. lOlia 10319
Orange Belt 1st
jPensucola A Atlantic
AO..
A
rec
ex. Nat.CoUHlruct'u Co.
«er. B.nef. scrip
E. ill.,S.Fd.,(.oll.Tr.
Cll.
Cal. 68.. 10:<'4
Chic. Santa Fe
Chert.
tr.
N.y.C.A St.L.,l»tM.wb.l9
N. Y. City A .sonberu...
104
77
8
7
lat
SECURITIES.
Ask.
Bid.
A
Cable Co..
All. A Char. Air L., Ist, 78 lie
At.APac.-lstil.O.D.o d68 94
Best. K. T.A West.— Stk.
93'
Debentures
Brooklyn Elev'd— stock.. 36
Tel.
57
[at.
Isi.
9
J^ouis Ft. S. iS Wlcb.
Paul E.A or.Tr., 1st 6s
A. A. A N. Mich
6
103
24
ifol.
A
& West RR. of Ala.
KdiHun Klecliic Lixbl
200
East
Equit. Gas Co. of N.Y
Georgia Pac. Stock
Ist 68
2ds
—
121
18
104 3<
12
'44
48
100
Henderson Bridge— Stock
Kanawha A Ohio
31a
let pref
2d pref
4
16
11
Tol.
O. Cen:., pre!....
U. S. Electric i.igiiL
lOtah Central.— 1st
Vicksi'.OL Meridian
Pref
96
Ist UJOlt
2a molt
51
lucttuies
West
V;i.
1:R.— let,
101
08
100
68...
VVestcln^at. Biiuk
V* rsi .\
Car.— Con. M
"To" Wisconsin Central
IstGs
.
Kan. City AOmaha
Boston Banks.
—Following are the cotalB of the B<i»-ton banl sr
L. T'ndors.
Specie.
lSb7.
«
Sep. 3 l."6,426.200
" 1(' 137.30 ,600
" 17 137,660.000
Deposits.*
1
Circula'n
»
9,9S^',000
2,173,800
9
99.158,000
8,f42,200
9,599,900
9,609,200
2.nM.70t 10O.KM),Gll"
*",83>..300
2,377,0ut .u2.49.i,5UUl 8,b64,1uu
Agg.Cl-ngs
*
76.100 530
65.102.028
bO,7iO,2»i>
]
FUiladelpiiia Banks.
.
,
•
Jks^Uvioend.
t
Per share.
8 l-«st
price this week.
1887.
Loans.
—The totals have been au follows:
Lawful Mon'y Deposits.'
t
Sept.
••
••
8
10
17
87.827,600
87.169,700
87,h73.b00
21,909,300
«
94.810.000
23.000,401)
^5,04y,50l)
22.783.400
'Inolading theitsm "due to other banks."
circula'n
Agg.Cl'ngs.
2.318.760
o4,70-',663
i.2;7.f2
57,9U0.24»
2.2»2.2i0
63,746,145-
Septevbkr
THE CHRONICLE.
24. 1H87.1
Now ViiFK I'll) M»nK».—The following Btatement Shows the
oondition of the AsHociatorf Ranks of New York City for the
week eiifling Sffptember 17. 1B87;
Avera^ Amount of~
Bank$,
ItOttnt
and
Spteit.
Utscfiunts,
than U.
S.
S
45,090
790.000
2S9.000
77fl.M0
Kew York
^fft^lhnTt:ln Co.,
Morih;uiiM'
46,000
:<R5.000
Mi'ClmnU'H'...,.,
S91.U00
Anioiioa
Phflnlx
Oltr
TradoHitHMrB....
KnltiiH
115,(100
364,000
a»3.noo
193,100
eo',obo
74,6(10
346,400
,
ClKMlllcill
83,400
•jan.ioo
2»8.200;
626,01)0
li9.V00;
3tt4,!i00
224.000
.H'
I.
ill.
ManuPni.
i!lii-r
Hi'vonth W'flril
FtatiM.f N. Y
AnuMlr'll i-:xoli'g6.
Mert'Aiitile
Chatliani
Peoples'
Korth America
flanover.
77,000
194,600
637,900
43,600
2.7cli<.'
Irving
014.000.
2,92
Marlii''
et. Nicti
hi,<
ither..
I
Km
271,500
672,400
161,100
38X,800
828.600
74.700
248.2U0
675,200
178,800
14a,300
280,000
00
46,000
40,700
46,000
43i;806
000
lO.S
250.000
»'.!tl.000
SCO
81.700
1.0J9 '00
..
BMJon
1,059,300
58J,900I
137,3001
9S,000|
l7,ajM,ii
2.1
46,000
661,600
309.000
l.vSn.loO
17,f7.>
A Trad.
17. .3V Oilii
7 60,00.1
7.9 P.OOO
875,000
862.000
40,100
81 ',606
860,000
46,000
41,000
45,000
428,700
j
Central National,.
Niiiio. al
45,000
144,11
,0
7011
1.91.'!.
2
4.8»!-..S0O
CuntlliiMjt.tl
Orioiit<il
Park
Korlh River
East River
Fourth National
42,'ib6
2h9.(^00
inge..
Imptirters'
961,700
46,000
899,400
9»8,80il
2.40.->.t)l'0
Na.'*sfln
Becond
144,200,
10.r»...100
Citizens'
Corn
S..S7Z, 001
l.H. « 700
S.522.400!
9.417.400
8 4.0.lt|>0
4,116.A(0
1.961,700
»," 82.«00
Pacillo.
Rcpnbllc
,V
"j'tibn
*.>'73,S'0
7.StliJ.20
Bro;ulway
Blioe
1»9,10.)|
16.940 000
17,5 v,700
Coilintclr"
a.31i'.i 00
4,u92.000
19 48H,100
..
Kliith Niitional
First Natloual
Tlilrd NatK'ual
M.Y. Nat. Exch...
266,000,
1,1.^6.200
3V0.500
186,300
234,500
170 100
27,800
4,41.'i00n
l.S^S.lOft
Bowery..
K.Y. County
2 /9><.f01l
2.1:4.700
denuan-Ainoric'n.
Chase National
2,4«7.!>00
8,65,1,100
Fifth
Avenue
German Kxch'uge.
3,6i!.:<(J0
2.244,!- 00
Qerinania
2,4:i7.700
if.l91,f00
2,S4
XTnl ted States
4^6,300
37M,200
29.300
171,200
142,700
104,100
147,800
282,200
159,50)
1.865.700
OarfleUl
Fifth National
B'k of the Metrop.
l,:-o.;,s.u
S,40-l.>iOO
WeatSnle
l,flH2.IOO
l,7;i4.s.w
eeaboanl
eixth National
!,«::;'. 40O
"U'estern National.
6,801,100
67,500
H3.;<00
Moo
Uncoln
262,506
223,300
180,000
236.401
45,000
44,100
4i,000
133,70u
43,200
176,000
142.(100
6t)0,80«
tiittett
Samingt
and the
totals
Reported,
8,128 60
Ui.
1887.
1886.
s
«
AUeghrnr
Atch. T.
Val.. iJuly
.t 8.
ir..S,438
P iAUKUSt
.
..
Atlanta^bCliar,. July
Atlantic & I'ao ;'-'dwk Sept
Bait. & Potomac July
....
Biiff.N.Y.A I'hli. i2ilwk8o •!
from Jan.
Jan, 1
to
1 to
Laleit Date.
117,254
79,009
36,384
114,006
,'J7.60()
58,60.J
.•<,5,168
4:i.22'l
112.091
35.974
61,405
13,048
18,602
97,733
219,000
20,248
451,891
117,022
1, 171,8 >7
31). 57
1,025,274
32,917
389,081
98,080
405,509
95.846
147.399
637,484
43,t08
2ilwk Seta
41.487
l8' wk-<ep>
C'hlo |2ilwk.-'e, t
5(1,4 1:4
Cairo v.
l«..i40
Soutliem
•-'dwkSept
tCauidcn k Atl'c IJuy
24,870
,<•
Cal.
CaDBdiaii
Paolil.
2rt
wk
81 pt
Cp.F'r&Yad.Val August
Central of (»(!0.. .\ii);ust
Central Iowa.. «u.:<i8t
Central PaclHo . June
...
...
1
Cliarlcst'ii
Che.saii.
&
& 8av 'July
Ohio. Jnly
Elii.ryex.AK.H. iJniy
Che.s. O.
A 8. W.
^UHUSt
;
1887.
9
1886.
I
1 ,109.867
l,48I,2rtl 1,341,951 12,,107,798
BoT.Ced.K.&So.
Biir. Rooh.&Piti
161,081
1
17.021
243.000
22.:!52
4118.015
17-i.2i2
680,954
,849,557i
818,644
,920,194
,378,433
,868,456
525,390
986,.596
360,289
,2*8,091'
lG.5,-,!49
6.i8,358
828,626
887,390
293.176!
449.192:
582,721!
178.871
964.931
S
997,602
9 ,.')88,429
6J0,-0l
982,229
747,476
1 ,820.480
914.538
1 ,783,208
440,611
462.624
312,262
6 ,,'i24,-23
139,661
3 ,491, 13i
815,424
5,,3 3,372
281,701
2,,22
1,327
489,322
1,,025,081
Chic. & Alton.. June
717,100
8,,522,3:;8
48,0.i4
481,825 I,,064,945
Chic. A Atliintlc 2(1 wk Sent
432,12-.|
Chic. Burl. A No. ,Jiily
161.840
Chic. Bui-. A (4.. July.
2.167,801 2,330,74115 443,908 13,,854',io6
Chic A KuBt. III. •.iduk 8«pt
42,131
37,9 13| 1, 880,080, 1,,185,785
1^,780
Chic. A Iml.Coal July
34,825
Chic. Mil. ASt. f- 2ilwkS«nt
527.O00 569,767,16, 064,472 15,769,-77
Cljlc. AN'thw'n July
2,210,484 2,1 46,493; 14, 049,321 12.926,0<.»2
Chl<;.8t.I,.APiU8 ,Au^;ust
4U1»,824| 439,2871 3, ,699,»78| 3,007,517
I
-Chic St. P. A K.''. 3(1
1
»k Auk
Ohlc.St.P.M.AO. jJoiy
Chlo. AW. MicU. •2il wk Sept
CIn. Hani. A D. JllstwkJuh
Cln.Tnd.St I.. AC |2ilKk8e|>t
Cin.Jack.AMnck -d wk Scpti
cm. N. O. *T.P. j-'dwK 8ept
Ala. Ot. Mouth. |2d»k.Seii.
N.Orl. A N. E. vd wk .Sept
VIcksti. A Mer. i2d wkScpt
VlcKs, Wh. A P. 2 1 « k Sei-t
Erlauscr HvBt. d wk Sell
Cln.Klch.\-n.\V. Zclwk.sipi
Cln.Waeli.AKali \-iit wk .Sept
Clev,AkronA<:<>l ,2dwk 8t-i«l
I
Clcv. A (Mntiin Angus ...
CU-v.CjI.C.A rnri Joiy. ...
Clev. AMariiata 1st w kSept
I
Col. AUiii. Mtrt.
Col. Hock.V.AT.
2d wk 8< jit
August ..
And brand OS.
'.lie
501.486
27,035
4,794
493,340
70,121
65,565
56,800
10.227
5 ',52^
22,666
r.5,o30
13,a4
67,010'
30,548
10,768
9,901
lv,125
130,3«J
8266
51,739
11.404
S3,' 97
385.201
6,3.'i7
28,3~2,
,556,7171 3,183,497
9.59,250
951,y46
1,369,172
9,431
107.021
8,354
45,917
597,308
832,016
317,520
252,044
020,282
426.492
331,784
333.349
363,951
2:7,357
,4T6,4,5(
1,3.39,011
11,160
5,229
348,131
.424,71
7,6-jl
7,715
:-
.',,454
7,'24K
7,941
240.4 52
211.406
\ugiist
(IttoralaPaclttc..
Ur. Knp.
A
Ind
Grand Trunk
...
—
'2dwk Sept
WkScp. 17
(iu.BayW.A8t,P July
(iulfCol.A8.Fe. July
Hoiia.ATox.Cenl Ist WkSept
ni.0»nc.(lll.A8o) Angnat
Cedar K.AMIu. .\ugust
O
liuU.ASIoux
Aui,'n.>>t
39l,3i 9
1,766.-'81
277, 2.%
1,906.622
:70,1I2
391,470
322,911
285,09
i
3,676, ;70
2i;,!i00
379,661
2z8,-04
2,167.359
185,120
201,3071
215,-92
22.5.622;
,686.().S6 1,390.202
234,635
181.000
113.300
52,238
23,089
116,0(17
5,339
1 6,8.30
16,507
17,14J
104,658
47,317
426,095
39,\7o
209.087
62,1-26
90S,7()0
Jan.
1 10 fjitirtl
Date,
12,300
77,000
W
W
Ind. Blooiu.A
2dwk Sept
lud. Uno. AHpr Angiist ...
Jack. T. A K.
July
K.C.Ft.8.Aaulf. fit wk.Sept
K«a. C.Bp.
1st wkSt-pt
AM
I
K^n. C, CI. A8p. 1st wkS pi
Kentucky Cent. July.
Keokuk A West 4th wkAug
Kla^stoii A Pom 2d wkSept
Lake K. A West. 2d wk S.-pt
L,eUiKhAIIudson August
L K ck A .Mom July...
ItOUK Island
2d %vk Sept
Lcuisi'a A .%fo.K Juno
L<)Uls.h>T.A8t.L,. 2d wk Sept
l-JUlsv.ANashv. 2d wk Sept
Ixiu.N.Al.AChlc. 2.1 wk Sept
Loalsv.N.O. AT. Auuust...
A No. AugiiKt...
Mar.Houeh.AU. l8t wk.Sept
Miiinpiiis At'na».'2d wk Sep
*.\Iexl(^an Cent'i.'2d wk Sepi
Mex.N. (N.Div) August....
(So.Div; Auifust
do
Miir. Col.
do
all lines
August ..
wk Sept
Mtl.L.81>.AWe8t. 3d
IMUwaukee A Nc 2d wk Sept
Mmneap.ASt. L. July
.vlinu.ANo. West. 2d wkSept
Mias. AToun. .. August...
M'lhlle AOhlc.
August
.
Na.sh.Ch.A8t.L. August...
N.Y.Cen.AH.K.. August...
N. Y. City A No. Wk Sep 1
cN.Y. L. K A
July
N.Y.Peun.AO. July
W
N.Y.ANewEjg li\\Y
N Y.Ont.AW... 2a wfe Sept
N.Y. 8U3. A W.. August
N irfolk A Weit 2d wj£ Sent
N'(,Ucastrn(-i.C.) ,ruly.....'..
Cenl'l. Jul3'
Paolllc 2d wk Sept
Old A Miss
'.'d wk Sept
Ohio Rivei'
2d wk Sept
Ohio iouthem.. August ..
Oregon Imp. Co. July
O-OK. K.A.V. Co. July
Pennsylvania... luly
Peoria Dec. AiSv. 2d wk Sept
Pctcr^biir:;
July.
Phila. A Erie.... July
IPhlla. ARiad'g'.luly
Coal A Iron Co July
Pitls. A West'ru.Auiiuat.
l-"!-tRoyal,vAug.lJuly
P'rtRi).yidAW.C. July....
59,272
40,428
24,822
4i,725
29.561
5,021
101,868
10,363
3,9',; 2
46,432
23.143
51,059
93,775
46,466
22,296
322,500
54,888
130,059
188a.
1887.
1880.
•
•
149,085
89,350
23,085
22.544
86,89
4,966
5.443,707
4,551,917
01)5,882
«t'.',03I
322.207
786,774
3,455.1 6
141.297
H23,6.19
2,761, OH 7
1«8,(.79
131,105
16,7»:-.
637,187
587,779
37,794 1.801,673 1,502,030
16,843
705,233
14,229
4.55,'20 (
203,205
9,133
73-. ,28
47.5.860
67.853
42,907 l,'i30.8-.'3 1,378,164
300,184 12,581.031 11,653,293
181,000
20 1.798
24,822
190,443 1,271.467 1,1()1,829
78,630 1.561,859 1,563.103
916,910 7,0'>4.15« 0.510,380
109.428
81,199
15,870
r74,494
517,4 6
85.711
370,515
411.(;()0
56,019
57,900
FalUAS.C. August....
ToC. Iowa Hues August
147,200 157,60:i
Total all lines August
1,055,900 1,1(14,513
la.
1
KOAD«.
Weikar
wk
wk
Bopt
8epl
wk Hept
wk Sept
Int A P. Maro 2rl wk Sept
Kla.R.ANav.Co. 2d wk 8opt
I-'l,W.AI)cn.01ty 2d wk.Sopt
2il
K.TennTv».A(Jtt.rJd
KvanB.AInd'pll8,2d
K f»n»v. AT. H. 2d
1887.
»
Dcnv. A RlO Or. 3d wk Sept
Unnv. & R. Q. W. AuKust
Det.BayO.&Alp. Aii^fiist
N irthern
RAILROAD EARNINGS.
The latest railroad earnings
latest date are given below.
Wtekor Mol
Northern
l347,0i'6,100d'',93 ! 6:)n|20,ii08,200 342.8S0.500
Total
Laleil Eiimlngt Itepnrttnl,
BOADS.
O <t.LanB'KA Mo.
''»"
399
60,73
48.919
1,010,'22.-.
1,0.',4,137
H,(«;4.382
7,570,818
1,812,205
1,73 '.43i
271.4'il
266,628
141,823
1,607,820
288,8 13
16,61
49.328
34,098
4,1 6
1,78.4.143
9.5,081
564.309
199,17o
7,05
2,670
.'
967,422
152.32)
485,405
190,004
1,339,273
169,147
45.352
20,813
1,3»0,'>4"
.50,880
410,43'.
90,3
42,444
2,372,510
20,656
68i;588
165.700
272
'8
2911.015 10,748.9(8
47.114' 1,545,13:)
1,184.449
138.604
355,543
2,212,029
249,718
572,190
9,372,002
1,238,445
951,321
109,180 1,166,138
7,18!)
36,884
2,624
717,-.'24
6-^4.788
30,501
28,2337,934
30,212 1.101,681
870,897
76,(182 3,235,5 7i 2,53.',839
90,400
42,115
329,343
42 595
373,449
8J.719
715,741
687.799
93 498
133.073 142.805 1.115,5i2 1,133,877
77.816
60.189 2.365,263 1, 611,4*1
645,500
426,409
22,483
13.310
8i)6,163
835.653
106.683 118,391
8«2,130
10,980
293,089
38,715
270,393
230,317
32,271
26,385
194,075 117,935 1,183,88J 1.273,838
224,4^7 1,985 6 iXi 1,520,545
272.481
3,332,321 2,980,971 22,837.214 20;571.212
405,441
3^2,833
12,388
11,417
1,782.991 1,596,195 11,29), 129 10.119,978
3,356,433
3.415,341)
512,072 572,311
337,257 345,502 2,297,15.1 2,136.330
910.855
37.733
29,613 1,063.60
096.474
867,1401
131,474
94,846
-6
2,131,090
99,551
79,5 "i3 2,763,
312.X23:
316,865
31,945
29,408
536,336 449.4.11 3,617,92 1 3.031,862
311.363 320,89'.) 8.48i.32l| 7,9.M,796
l('3,0.'i0
102,362 2,819,1.6' 2,.i5'.,485
127,511
195,1251
10.829
5,.582
358,6071
307,842
46,3,55
47,201
376,393 301.606 2,180.795 1,511,127
405,300 421,881 2,681,2831 2,, 53, 194
l,6.i4,370 4,356,677 3 1,02 >,• '91 '2 7,606,8 11
5ill.2i2|
,'^4>.o34
22,(i50|
17,203
26,i'41
210,220
209.610
26,402
1,991,207
386,976 323,4171 2,251,3
1,824,657 l,>-32, 675111,970.155 10..'i.59,020
1,778,439 1,295, i7o; 9,424.4h5 7,728.239
073,441
191,500 15",24. 1,'271,08
186,434
174,042
17,596
17,813
13,118
14,135
Rich.Tcr. Co.—.
Kiobin.
A
3S8,flO0
Uan. August....
Va.MiiU'd Dlv.
Char. Col. A All.
Col.AOr.Dlv..
We«t.No.(;.Div
August
August
Au.ust
..
A'tkust
Wash.O.A W.. August
A
Ashv.
Spar.. August
RIoh.APeterslif;. July
Rinne W. A O^' July
..I.
,. •
Jo AGd. Isl Ith
wkAug
,
8t.
St.LAItonAT.a 21 WkSept,
Uranehes
2.1 wk Sept
Ark.ATox. 2d wk sept
St. L.
St.L.A8an.Fran. ^d
wk
Sept:
SuPanlADulutl, -idwk Sept
S .P.Min.,v Man.'.Vimnst...
148,600
53,600
37,4
55,500
15.000
8,000
18,666
290,711
0001 —
23,247
32.612
22,410
63,790
13'2,910
39,624
681,931
69.335
84,000
75,300
Sdotii V.illcy... luly.
Slieuandoali'Yal. August.,
South Caroliua July
So. Pa IHc Co.-
Uai Har A8,A July.
LAT July.
251,414
70,540
297,388
N,Y;T,A.Mex. July,
9,.^47
Louih'a Wrtsi
Morgan's
.Inly.
331,088
147,600
2,041,424
1,037,383
51,573!
37,547'
49,189.
487,644
311.935
440,5.'>1
74.100
38,116
133,090
2 48,065' 1,673,576
6-4.559
30.9 14i
'29.481
O.?,360
614,505
19,082
38,640! 1,536,217
112,374' 4.036 465
48,628 1,066,. i02
14,700
6,100
16.839
627.764: 4,760,38
56,745
80,000
74,777,
423.31
551,213
607,455
'',36.576
1,810,307
56,802
452,116
2.506,985
965,427
477,626
3 2.395
332.400
67,9
21,587
121,575
1,494,919
733,323
814,004
502,678
1,102.297
3.133.627
9t>9,3.)5
4.140,808
355,960
4 47.743
595,790
1,469.915
3 7.267
2249,067
•.77,3931 2,239.40'
78,341
92,06
5>8.3^3
686,874
107,750
July
5,2i>l,158 4,703.873
736,639 681.61
July
2,286,110 2,035,582 14,(l."8,836 I2,7n.690
July
717,19: 19.339,9 2 17,475,5(a
J,022,779
July
546,833
594.86
Stat«nIs.Rap.Ti August
117,052 116,69.
3.399.662
Texas « i-iiciin August ... 460,644 443,511 3,455,6
2.i7,2l.'2
)4 ;,68'
8.4-0:
Tol.A.A.AN.M'h -Juwk Sept
12.659
2 -.667
69.'.92'
18,9511
Tol. A Ohio Cent 2dwk Si-pt
26,564
571.818
(.04,3
19.886
20,732
lol. P. A We-rt.. l»t wkSept
13,721,535
2,3.'3.4715,501.261
Union Paclllc... July
2,479,372
373,147
416,028
51,05;
54,844
Valley of Ohio. .(August
111,894' 4,15-<.:'3I 3,748,6-.3
W'ab. Western... 2d "k Sept
148,314
Wall. K. of .Miss. July
638,573 585,601 3,68',301 3,59 >.899
725,497
800.48
jWcsi J. rj.ey
199,974
179,858|
iJiily
38o,839
41, -251
S94,.506
44.110
Wll. Col. A Aug July
40 ',ti06
510.772
11,23<.
15,051
Wheeling AL.K.|'2d wk Sept
27.3' 5; 1,4.3,418 1,021,843
37,112
Wis -.ousiui'eiit'l 'Jd wk Sept
43-.',95..
5,676
11,7,-9
t;hio Wis. A M -Jd » k Sept
177'6«
339,089
6.852
8,792
MIn. St.C.A W. 'Jd wk 8ep
8.344
Pcnokeo
2d wk .Sept
3,930l
124.021
204,780
6.0S6
Wis. A Minn. .l2dwk Sept
year,
;
. Inoludrng'Sranches
I Not lucluding Cen. of >. J. la eiUier
oarrwicf
Mexican
c Not Including earnings of N. Y. Penn. A Ohio.
lex. ,K N.Orl.
Atlan'c sysl'ui
Paoitlc systoui
Total
13,410'
97,431'
I
1
i
.'
I
THE CHRONICLE.
400
[Vou XLV,
Dominion Government should not authorize the construction
of any
line of railway runuinsr south fr.jm the lusiu linn of the Canadian Paoiflo
Eiilway to any point witriin flfteea miles of the internatimiil boundary. * * * Wit mut the provision for protfloi ion tho necessary capital could not have been secured and tin railway could not hivrt been
constructed. The o trnpany completed its wo k in less tiiau li ilf the
%uvitstmtxxt
AND
The INTKSTOKS' Supplement contains a complete exhibit
of
Funded Debt of States and Cities and of the SC^eks and
Bonds of Railroads and other Companies. It is published
on the last Haturday of every other month—viz., January,
March, May, July, September and November, and is furthe
nished vithout extra charge to all regular subscribers of the
Oheonicle. Sxtra copies are sold to subscribers of the
Ohbonicle at 50 cents each, and to others a- $1 per copy.
GENERAL INVESTMENT NEWSRailroad Net Earnings.— The following table shows the
latest reports of net earnings not heretofore published.
/—Jan. 1 to Aug. 31.-^
Angust.
18'^a.
1887.
1886.
1887.
$
$
$
Name of Road:
3,491,132
451,391 3,65S,3.58
Cent. KK.ifeBkKCo. Gross. 49-',01,5
768.151
62. .526
982,1 79
Net... 17l,4.'i9
439,287 3,699.578 3,007,547
499,824
Cailo. St. L. & Pitts.Gross.
401, H5i
94ij.5>8
127,:j15
Net... 147,9:<6
22m, 804
3<,n97
234,635
35,229
CleTe.A Canton. ...Gross.
50,342
12.516
9,196
60,999
Net...
2<.207
30.87.)
Keokiit & Western. Gross.
5,:tl6
13,124
Net...
3,071,577 2,389.893
270, 91
Mexican Central*.. Gross. 379,420
733,723
1,356,879
74,871
Wet... 159,920
94.846
867,140
696,474
IT.Y Bosa & West.. Gross. 131,474
2/0.615
59.832
39.039
389,645
Net...
^Jan. llo July 31.—
July.
188i3.
1«87.
1887.
1886.
$
$
$
$
Name of Road.
839,772
59,511
364,94«
Gross. 106,230
Cal. SoutUern
371,372 def.32,8i5
39,515 clet.2,210
Net...
1,432,125
C!hlo.Burl.& Nor... Gross. 161.810
36i,163
34,588
Net...
2,167.359
348,131
2,424,711
Clev. Col C. & Ind. Gross. 385,291
70.^,372
126,412
867,467
Net... 15 1,.570
331,043 2,809,069 2,222,413
E.Tenn.Va.&Ga. Gross. 421,215
116,«17
631,t20
717,444
Net... 158,173
161,666
Lake Erie & West... Gross. 179,327
45,-:99
74,763
Net...
Eome Wat, AOed... Gross. 290,711 248.0i5 1,673.576 l,49i,919
104,739
672,601
567,491
Net... 135,367
,
.
)J!
^^
,
•
.
Estimated,
Atchison Topelia
& Santa Fe.—A
time required by contract, and citmiuenced work on a system t>f branch
lines extendmi; soutli and soiithwest from Winnipeg, tip lo tbi^ liine it
has expended on Itriinch lines in Manitoba about $.5,7OO.*'O0. Tii't Company, to promote the counrry'w int rest, made its ritlcs on a scale far below tbo rates of any of the railways in the United Stares similarly situ,
ated. Thiiefif.'Ct was an enormous reduetion in t lie rates paid liy the Province to and from tbcEist over American lines. For fuel and e6mra>dlli68
essential til the growth of the couut -y the rates were mide esiieeially
low, and year liy year hive been reduced, until they ace qow in many
ra-ies less than one bulf the rates originally authorized.
The charge
that the rates are excessive is untrue. Ihe average earnings of the
company have been
1884.
18^5.
IS88.
Freight per ton per mile
l-4,5c.
l'20o.
I'lOo.
2-45p.
Passengers per mile
2-60e.
2'lOc.
And omitting tbe tbrouuli tratflo to and from the PaoiHc frrm the figures of 18S6, they stand: I'll cents per ton per milo for freinUr, and
2*13 cents per mile for passengers— a lower average than is shown by
any important American line, aside from the old trunk Hues in the
East It has been the aim of the company to so adjust it-s tarift's that
the settlers in the Canadian Noithwest should receive mere for the
luoiiucts of their farms and way less for fuel than settlers in the
United States. It would ba ab.^urd to urge that the comp'eiion of the
alxty-six miles of riiilwar now undert iken by the GoverumeHt of Manitoba would ruin the Canadian Paoiflc system; but its conBtructlon
would be a violation of the contract with this company, and the directors feel It to be their duty to maiutain the rights of the company in the
maiter."
:
Central Iowa.
— At
Iowa Railway took
Company.
:
The memoradum of
Junction Railway
Company
P. T.
Limax,
special master, con-
)
Central Pacific.
—Mesars, Speyer & Co. give notice that the
Central Pacific Railroal Company, having assumed payment
of the $6,000,000 first mortgage 6 per cent bonds (series "A")
of the California & O.etjon Riilroad Company, due Jaiuiry
1, 1888, has resolved to extend the sams at the rate of .5 per
c^nt for the term of thirty years, and that holders who wish
to avail themselves of the privilege of the extension are requested to present their bonds until October 15, next, at the
office of Speyer & Co., where copies of the extension agreement can be seen.
Central Railroad & Banking Co. (Ua.)— The earnings and
from Chi- expenses for August and for the year ending Aug. 81 were
memorandum of sale, as follows
Aug.
.—12 mos. end'g A "«.31.-n
press dispatch
—
:
Grand
on or before January 1,
sa'e sets forth that the
agrfies,
place,
ducted the sale. They were bought in by Mr. James Thompson
of New York for the Stickney reorganization committees.
The Eistern Division brought $.550,000 and ihe branches
$400,000. The main line will b sold on September 28.
Three documents
deed of conveyance, and lease— wt re filed yesterday in the
Recorder's cflSce by the Atchison Topeka & Santa Fe Railway Gross eirninss
cago, Sept. 21, Bays
Marshalltown, Iowa, S>pt. 17, the sale
and of the branches of the Central
of the Eistern D. vision
1985, to sell and convey to the Atchison Topeka & Santa Fe
Railway Company 1,207 feet of land facing on State Street
and extending from Twelfth to Fourteenth Street, the consideration to bt $1,300,000 in gold and the payment to be
made whenever the deed is given. In the meanwhile the
property is to be used by the Atchison Topeka & Santa Fe
upon isyment of 6 per cent per auLum interest on the agreed
purcliase price, payai lesemi-annuilly to the Chicago & Grand
Trunk. In consideration of tbese payments the latter company consents to the sjle and releases its claim upon the
property. The instrument is dated July 20.
The deed of conveyance is from the Chicago & Grank Trunk
to the Atchison 'lopeka &SintaFv, of the right of way of
the former's tracts from Forty-ninth Streei to Western
avenue and Twenty-sixth Street, the consideration being
The right to run trains over it, however, is reserved
$300,000
by the Chicago & Grand Trunk, This paper is also dated
July 20.
The leaoe is from the Grand Junction Riilway Company to
the Atchison Topeka & Santa Fe. Tt leases the tracks and
property of the Grand Trunk Railway situated in the vicinity
of Hal^ted and Forty-ninth Streets for a term of 99 years, the
annual rent»l being $18,000. In all of these the Chicago
Santa Fe & California Railway, by virtue of a contract between It and the Atchison Company, under which it will be
I)ermitted to use the tracks, &c., becomes jointly liable lor
the fulfilment of the contracts.
.
,
1887.
1886.
Operating expenses
$19»,014
326,556
$151,890
389,361
1887.
$6,369,138
4,116,109
1«86.
$6,157,752
4,113,450
Netearnlngs
8171,438
$62,526
$2,253,029
$.;,041,292
—
Chicago Milwaukee & St. Paul. The Kansas City exten
sion of the St Paul will be comp'.eted next month. A line
nearly 60 miles in length is aho bung built from Merrill, Wis.,
in a northerly direction into the Gogebic rang-^.
Beyond the
above lines nothing is being built on any portion of the St.
Paul system, and the company intends to do nothing further at
present in new territory,
—
Chicago Rock Island & Pacific. This company ha^ issued
a circular lo its stooUholders date 1 September 17, 1887, which
contains the following " The board of directors deem it advisable that this company shall have at its command additional moneys to be used in the extension of its lines, for
:
further improvement anl construction, and to increase its
facilities for the transportation of persons and property; and
offer to sell to its stickholders 41,930 shares of its capital
stoik, authorized but not issued, at the par value thereof
$100 per share. Each shareholder will be entitled to purchase
shares having a par value equal to ten per centum of the par
value of the shares which will ttand in h s or her name, when
the stock books shall be closed on the 29tti of Septemier, 1887.
Payment for all shares purchased must be male at the offloe
of the Treasurer, at 13 William Street, New York, on the Ist
day
of
November,
1887."
—
ChtCiigo St. Louis & Pittsburg. The gross and net earnings and charges for August and for the eight months to
August 31 have been as follows
August
Jayi. I to Aug. 31.
18*^6.
1887.
1886
1887
$139,287 $3,«99,5'''8
$3,007,547
Gross earnings. .., $199,824
2,6i>9,692
Operating expenses 351, 8S8
311.972
2,7,!3,030
:
Bulfalo New York & Philadelphia.— This railroad will be
reorgaiiiz d in two separate corporations, under the laws of
the Siatf s of New York and P< nnsj lavania, which will then
consolidate under the name of the Western New York
Pennsylvania Railroad Company,
&
The reorganiz-d company
will create a first mortgage not to exceed $10,000,000. It is
said that a contract has been made with a syndicate to take a,i
many of the first mortgage bonds as will be nectsary for the
Surpi ses of the new company, which will than s;art free of a
oating debt with a cash capital adequate to the supply of
needed eq lipment.
Bnffalo Rochester
&
Pittsburg.—This
company
giv.^8
notic: that the proposition to
increase their stock to $13,000,000 did not meet with the concurrence of the managers.
Canadian Pacific.— Sir George Stephen, President of the
Canadian Pacific Railway, has addiessed a letter to the stockholders on the subject of the Red River Railroad agitation,
which also contains a statement of the Company's position in
the rate-i ulting matter.
"In Oetobor, 18-0, the contract for the oonsmtetlon at the (Jauadlan
i'aculo Kallway was made. It provided that lor twenty years tlio
^
.
Netearnlngs.... $117,936
90,938
Fixed charges'.
Balance
.$56,998
$127,315
105,992
.
.
$146,548
766,046
$101,854
805,053
$JI.323 8ur.180.o02 def.$i03,294
The expenditures for construction, equip-nent. &c., in the
eight months were $135,974, against $07,002 in 1886.
East Tennessee Virginia & Georgia.— The earnings and
expenses for July, the first month of the fiscal year, were as
follows
:
Gross earnings
Operating expenses
Netearninas
Fitehburg.
— Tnis railroad company
to the Railroid
tion of the Troy
18S7.
1886.
$1W,213
2€6,0i2
$l3i,016
2i4,429
$158,173
$116,'>17
filed its first report
York sincrt its absorp-
has
Commis-ionnrs of New
& B jston and Boston Hoosac Tunnel
and it presents the following figures
ending June 30
ern
lines,
&
West-
for the quarter
Septkmbkb
THE CHRONICLE.
21, 1887.]
^La'T.^Sl
OroKsenrnlnKR
Opornilur nxponDOH.
(
>t]t.
001,12(1
CIlHK'
10.8nt
27<I,1U
•«
ini->fino
I-
H
...
Net lucotlM
1 lO,T3r>
BALANCB SBBET JUXB
80, 1887.
LtAniUTIKH.
AgSKTH.
Cost of
roiiil, ,Vra
Stokd
nni\ l>i>iiil»
(•;l»'riiiMii'i'ilnvo»t"a
Due
Ciipltnl. pomiiiiin
Oiiiiltiil. iirofurroil
$7,0O0.nnn
rilLdmlilcbt
l«,Mn,(10il
1,« "',300
178,2711
1 '.''TO.flOO
J)ui- iiy otiterH
lillU
Inriire^tnii fiiiiiliHldebt
]>iii' by I'niiip.'inicn.Ao.
Sn|i;iile8 ou hiinil
Due
li>
I,i);in.rt
..;:i'iita
lIl.tiKll
r>tvlilc'iiil» iiiiiHtirl
fur wtttfps. 4o
Diie O'liiiDiiiileit
ProllC AI(>g'i[>reii't}'oar.
Surpliia June JO
(•u.^11
Ot Ucr
.(I
liivenl luents ....
31»<>,213
A.'JO.'iP!)
21h,H2)
145,002
$40,424,1
Total
$10,421,175
lilooniliigton & Western.— Coupons of the firxt
mortKa.e preferred bonds, Peoria Division, due July 1, 1886,
January 1, 1887 and July 1, 1887, witli interust at 6 per cnt
gpr anniiui, will be paid at the Corbin B^inking Company, 115
roadwiiy, October 1.
IntliniiH
401
Pon^hkeepsle Bridge.— A Philadelphia despatch stys that
thH bondf* of the I'.>iuhke»-j)<ie Bridge Company have been
all
&
plac-'d thnnuh H irker B os.
O). of that city. P.iymenta of
3) per cent of the $^,000,000 subscrll)ed were tM'gun Thursday
to the Invest-nent Cjrnpiny of Philadelphia.
The other
iuHtalrnents are payable during the ntxt few months. The
bridge will fie completed by early spring.
Rome & rnrrollton.— The name of this company has l)e«n
chanxed to Ciiattanoo;;a Rome & Columbu<. The rr>ad is beinf
put under contract for its entire length, Chatttnooga to cW>
roliton, 140 miles, standard ga ige.
The following are the
securities First mortgage 50 year 5 per cent goM 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 & Carrolltori will be retired by the new issu",
Texss & Pad (Ic— Notice is given to the stockholders and
bondholders of the Texa-i & Pacific Railway Company that ia
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
the aSairs of the Texas & Pacific Railway Company have been
:
Rock & Memphis-Memphis & Little Roek.—The made
was reor>/atiizod Sept. 1, 1887, under
First. The interest on the new first mortgage bonds shall
name
& Memphis. The road was told in fore- begin to run from the first day of June. 1888, and
the first
closure in April last. Tne $i5'),000 preference mortgaKe and coupon shall be payable Decemt)er 1st, 1888,
the #2,000,000 general morfgige of thi old compiny and all
Second. As coiupensation the holders of each consolidated
other incumbrarcea will be retired with th* new 50-year five six per cent mortKa;;e bond on the Eastern Division shaU
per cent roortgaKO authoriz^i for $3,250,000. The fixed receive 115 85 100 per cent in new first mortgage bonds, instead
Little
M.
&
:
L. K. company
of Litile Rock
charges will be $182,500, as a'^iinst $318,01)0 required by the
old company. The gross farninss fro u Jan. 1 t Aug. 1 are
given as |4U),430,a8 against $35 i,olo for the same period in 1886.
)
Nashville Florence
& SheHleld.—This
Tennessee R^tilroad
Company has made a mortg'aije to the New York Central
Trust Company for $2,500,000, for the completion of the road
and branches and
New York
to
pay the bonded and floating debt.
Chicago & St. Louis.— At Cleveland,
O
, Sept. 23 a
special meeting; of the stockholders of the Clevelind
State
Line Railroad Company was held, and at which was adopted an
agreem n' to consolidate the company with the New York
St. Louis Railroad Company in New York and
ChicaKO
&
&
Penusyivania, and the Fort Wavne & Illinois Railro id Company in Indi.na and Illinois. The consolidation thus effected
Includes all the companies formed by the Nickel Plate reorganization committee and covers the right and title to thu entire Nickil Plate road, the name of which, it was resolved,
shall be the New Yi>rk Chiitago & St Louij Railroad Company. A meetingof the stockholders will be held at New York
on Saturday. Sept. 24, when the following gentleman will he
elected directors: W. K. Vduderbilt, Cornelius Vanderbilt. H,
McK,
Twombly,
J.
Kennedy,
S.
James
A.
Roosevelt,
A. Mizoner, D. W. Corwin, J. H, Wade,
F. P. Olcott, C. M. D,-pew and Allyn Cox.
The new
directors will hold their fir t meeting on September 28,
It is expfcted that the new securities will be ready by OctoThe directors then elected will meet next Wednesday
ber 15
and or/aniz?. D. W. Caldwell, the receiver of the roid and
its former President, will probably be elected President.
The
Board will also authoriz-s the i.'^sue of the bonds provided for
in the re >rgauization schfme— namely, $20,000,000 first mortgage bonds. ayable in gold coin fifty years from date, with
mterest at 4 per cent per annutn. The new company expects
to take possession of the road in Ootober.
Charles Reed, F.
I
New York Stock Exchange.—The Shenandoah Vallev RUlroad uiakt^B application to the Scock Exchange to list $4,11.3,000 Keuer-il mortgage bmds. The St. Paul & Northern
Pacific hsks to list $300,000 additional first mortgage 6 per
o^nt bonds,
North-Eastcrn (South Carolina).
—This
road is reported
leased to iho Wilmmgton & Weldon Railroad Company for a
period of 99 years at aa annual rental of 6 per cjnt on the
capital stock,
which
is
Northern Paclflc—The new board
Northern Pac fie Railrotd Company has
of directors of
elect'id
the
the followmg
President, Robprt Harris; Vi -e-Presid 'Ut and General
Manager, Thomas F. Oakes; Third Vice-President, James B.
Williams; Secretary, Samuel Wilkeson; Treasurer. Robert L
offi -ers:
J. A.
Barker, St. Paul;
Land Com-
missioner, Charles B. Lamborn, St Paul. The total vote oast
at the recerjt nleciioa was 7">-l,193 shares.
Director Wright
says it was divided as follows:
NoitUnrn I'aiiao Committee
38»,'^74
TlUard ami liuUnout proxy
19,1'
Total V>rthem PsolHc Committee vote
400,174
317.' 99
Total
751,193
Oregon i'ruus-Coutluintal party
Soatterlnt;
N w
Rome Watertowii & Ogdensbnrg. —The
penses for July, and from Oot.
1
July.
.
1R87.
Gross earnings
Opeiating expenses
Net earalnKS
to July 30,
$290,711
I.=i5,344
..
$13-1,367
,
3;0
—Preferred shareholders of the Northern Pacific R ilroad
will in-iet next month to vote on the prop.isition, submitted at
the annual election by President Htrris, providing for the
removal of that restric.ion waicn lim ts the amount of bo ids
issuable by th" company without the consent of pref^rr-'d
stockhold-»rs,
mry Viilard h is a proj ict f )r raising $S,000,000 or $10,000,000 of m)neyi'i Europe, on a third mortgage
bond, wnerewith to wipe nut the company's short obli^aion^,
and it is also suggested that it would be well to take up and
pay for (at i05j the 6 percent b mds of the Oregon Trans-
H
Continenfal Company secured on branch roads and guaranteed
by the Northern Paoifi •.
earnings and
were as below
e."c:
10 mo*.-,
,-Oo(. I lo JulySi.
13S6,
18S6-7,
$2i8,0i5
143,323
188S-6,
$2,461,30^
$1,I34,M9
],:i99,112
3,537,548
$104,739
$l,0j2,197
$397,001
Lonis Alton & Springfield.— At Springfield, 111,, September 16, th« mortgage deed of this railroad company was
St.
filed at the office of tne Secretary of State to secure the issue
of first mortgage bonds for $1,200,000, at the rate of 5 per cent
interest, for thirty years.
The Farmer' Loan
Trust Company of New York is trustee.
&
United States Treasury Bond Purchases.— At the Treasury purchases, Sept. 31, the total of all th-^ offerings was only
$1,370,300 bonds. The bonds accepted amounted to $1,065,300, ranging in price from 107 90 to 108)^ as follows
Coupon bonds— Harvey Fisk & Sons, »500,000 at 108}^ A,
E Neitleton, $10,000 at 107-90; Maverick Nitional Bank,
:
;
$13,000 at 1Q3'4; Ne^ England Trust Company, $39,000 at
1083^; H. Y. Wemple, $100,000 at 108 49; Wnite. Morris
Co,, $30,000 at 108J4, and Jam»s Talcott, $35,000 at IO8I4'
RpEiist'Ted bond.s Investors' Security Company, $3,u00 at
108J^; John H. Van Antwerpt, $.53,000 at 108 347: Maverick
National Bank, $35,000 at
and $37,000 at 1081,^; First
National Bank of New B^dfor.i, $30,000 at 103; Yett^ Stem,
$200 at 1081^; Edmund and Charles Randolph. $11,500 at
U)Hh4; New Eugl.nd Trust Cora >anv. $31.bOO at 1081^; Charles
C Burnhim, $3,000 at 108; H. Y. Wemjde, $30,000 at 108 49;
White, Morris
Co $30,000 at 107 98, and Lewis Johnson
Co., $05,000 at lOSJ^.
The following circular is issued in regard to bond pay-
&
—
Wi%
&
&
,
—
ments
:
TliE\8t;RY
$900,000.
Belxuap; General Auditor,
of 112 per cent as in said agreement provided.
Third. The holders of each
Orleans Pacific bond shall
receive 61 80-100 par cent in new first mortgage bonds, instead
of 60 per cent as in said agreement provided.
Fourth. The holders of Rio Gi-anle Division bmds shall
refeive41 20-100 per cent in new first mortgage bonds, instead
of 40 per cpnt as in said agreement provided.
Fifth. The holders of terminal bonds shall receive 25 75-10(^
per cent in new first mortgage bonds, instead of 25 per cenfc
as in said agreement provided.
DErARTMKST,
{
Washington, i^ C, Sept. 22, 1887. >
after this date the GoveruiuHut will purobaso d lily, unt
Octolier8, 18S7, at the ortl e of the 8"0ietary of the rr«a.snrj-, to be
applh^d t'> thi siuliliiir I'uid, United Statxs four and a half per cen t
lioinis of 1801 and four per o«nt bonds ot 1907. acts of July 14.1970,
and January 20. 1871. upon the tollowiiig terrna: The four and » bal I
per cent bonds wl.l l>e uoC'-pterl at one hundred and eijfht and fonrtoiiths(iO-i-i) durlutf the al)ore stated period, and the f"nr p«r oenj
bonds during th« rcniiiirider of the lU'Oscnc month atone hundred and
twenty-lly,' (125), and trmu Octubor 1 to October 8, 1«87, at one hundred and twenty-four (124;, which prices iuelude accrued Interest to
date (rf iMirchase.
Tlioasgreititie amount of both classes of tiondg which vrlll be accepted
within the Mine abovo specified Is not to exceed $i4,')00,0 lO.
Otl«rg shoald state the specific character uf the bonds, whether roelstered or c mpon.
No further bids for bonds, as provided la circular No. 90, dated
Au;?uat ;h, ICS7. will be received after this date.
luterest due October 1. 1887. ou United Siates bonds, aranuntlDg to
about $ i,.i00.0 K, win be p lid on th'» 2oth ln<t without rebate.
(Slgoed)
IIuoii 8. IHO.MPSON, A.otiu< Seeretary.
On and
Under ih s circular thete w--re purcn«ted on tne 32d
$694,700 of the 4}4 per cents and $2,800,000 4 per cents.
—
some
Winona & Southirestera. The parties who assume the
contract for buildiin; this road are Minneapdis m^n, representod by Q.^n. A. B. Nettleton, William Alcl'ityre and CoL
A. M. Hatch, They have alreaiy bousht thn Ma<on City dt
F.irt D idge road, which is in operation about 70 milen, for
$1,400,000, and this will be made part of the Southwestern .
Twenty miles of the ne* road from Winona, Mi m., must be
completed by Aug. 1. 1888, and the road is to bd in operation
to Mason City by Jan, 1. 1839, and to Omaha, 330 milei, by
Jan. 1, 1890.—i?.jR, Gazette,
THE CHRONICLE.
402
ABSTRACTS OF RAILROAD MORTGAGES.
this week abstracts of the General Mortgage of
the Central Railroad of New Jersey, dated July 1, 1887,
and of the 1st Mortgage on the Toledo St. Louis & Kansas
-City Railway, dated June 1, 1888.
"We publish
THE CENTRAL RAILROAD COMPANY
OF NEW JERSEY.
GENERAL MORTGAGE- JULY
The following extended abstract of
gage of the Central Railroad Co., of N.
the
1,
1887.
new General
Mort-
secure bonds due
rtlnly 1, 1987, has been prepared under official supervision:
Parties— The Central Railroad Company of New Jersey, of
-the first part, and the Central Trust Company of New York,
•Trustee, of the second part.
Property Covered. 1st. All the railroads of the company,
"iz.: Its railroad from the Hudson River in Hudson County
to the Delaware River in Warren County, New Jersey its
I>ranch railroad from Jersey City to Newark; its branch railToad from Elizabeth to Perth Amboy aU its interest in the
telegraph lines along said railroad and branches all rights of
way and trackage over other lines of railroad; all lands and
water rights; all station and ferry houses, workshops, engine
houses, car houses, warehouses, wharves, docks, piers and
other structuies; all betterments, additions, improvements,
furniture and fixtures; all material and supplies, and all
machinery and tools owned and used in connection with said
railroads and telegraph lines; all outstanding dues and claims
<rf said company, and all maps, books and papers relating to
its railroads and the business thereof; all corporate rights,
privileges and franchises acquii-ed and to be acquired in conmection with said railroads; all streets, water courses and
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
are located in Jersey City, at the terminus of the company's
railroad, and two adjoin its railroad in the city of Bayonne.
lease of the New York & Long Branch Railroad, ex3d.
J., to
—
[Vol.
XLV.
19th. Sis thousand shares of the capital stock of the Vineland Railroad Company, amounting at par to $600,000.
20th. All of the 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
and delivered to the trustee under the terms of the mortgage,
viz.:
Name of
Total par value of
amount outslatiding.
Sceurilies.
First inorti;age liourts of the Central Railroad of N. J
Convertible bomls of the Central Enilroad Co. of N. J
ConRoliilated bonds of the Central Railroad Co. of N. J
AdjuRtmeiit bonds of the Central Railroad Co. of N. J
Bonds of the Newark & New York Rallroid Co
Bonds of the New Jersey Southeni Railway Co
Bonds of the Long Branch & Seashore Railway Co
Bonds of the Leiiieh Coal & NavUaiion Co
Stock of the New York & Lone Branch Railroad Co
Stock of the South Branch Rail^o.^d Co
Stock of the West End Railro.ad Co
Stock of the Newark & New York Railroad Co
Certificates of the Railroad CarTrnst of Philadelphia ...
Certiflcates of the New Jeisey Car Trust Association,
Uiulted
Certiflcafes of the Central New Jersey Car Trust
Certiflcates of the Guarantee Car Trust
Certiticates of tLe Central Railroad Co, of New Jersey
Car Trust
$-,000,000
4,400,000
15,000,000
5,254.000
600.000
1,590,600
200,000
2,310.000
500.000
438,300
43,700
87,350
52,800
50,000
80.000
700,000
823,000
-.
;
;
;
A
Amboy to Long Branch,
Jersey,
1873; also, 15,000 shares of the capital stock of
New
tending from Perth
•dated October
6,
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, 18(>3.
5th. A tripartite agreement of the company with the Dela"ware & Bound Brook Railroad Company and the North Penn-
Company
sylvania Raih-oad
for a continuous line of travel
between New York and PliUadelphia, dated March 30, 1876.
6th. Bonds of the Lehigh & Wilkes-Barre Coal Companv,
dated February 23, 1878, for |6,116,000, with all unpaid coupons.
One hundred and thirty-two thousand shares of the
capital stock of the Lehigh
Wilkes-Barre Coal Company,
7th.
&
amounting
at par to $0,CliO,000.
8th. Thirty
thousand shares of the capital stock of the
&
American Dock
par to
Improvement Company, amounting
at
$3,000,000.
company in the lease made April
& Rockaway Railroad to the Longwood
Valley Railroad Company, of which latter the company owns
2l8t. The interest of
26, 1881, of the Dover
the
the entire capital stock.
lease of the Ogden Mine Railroad, dated
22d.
A
November
4, 1881.
23d. AU the property which the company may at any time
acquire with the proceeds of bonds secured by the mortgage.
THE BOND.
General Mortgage 5 per cent one-hundrodyear Gold Bond.
Pate.— Ju\y 1. 1887.
Amount Aulhomed. —^oO.OOO.OOO, of which $40,393,750 are reserved
to provide f r obllKatlons previously Issued.
Ctassifteit 'On.— Voiipou
and
reeistercd.
Denomination.— Coupon bonds $1,000; registered bonds $500, $1,000,
$5,OliO, $10,000, $50,000.
Coupon bonds may be converted
Into registered bonds,
and res:''stered
bonds of large denominations into registered bonds of small denominations at any time, without expense.
Principal Paynhlc.—iwlj 1, 1987, at office of company in Jersey City,
or at its oflice or agency In the city of New York.
Inttrest 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 oHice cf the
company in Jersey City, or at its olHce or agency iu the city of New
York; on registered bonds quarterly, January 1, Ajiril 1, ,Iiily 1 and
October 1, by check, mailed to the registered address of owners of
record.
Both principal and interest are payable
iu United States gold coin of
or equivalent to the present standara of weight and fiu'euess, without any deduction for such taxes now or hereafter levied iiy the
United States or by any State, county, or munieiiial autiiority npon
the propi rty and franchises conveyed, or noon tlie liouils or any
Int- rest thereon, as the company may be required to deduct therefrom, the company agreeing to pay the 8.ame.
—
Purchase of Interest. No purchase or sale of any coupons
or interest, or any advance or loan thereon or redemption
thereof by or on behalf of the railroad company, shall operate
to keep said coupons or interest alive or in force as a lien
upon the mortgaged premises against bondholders, after sale
of coupons or assignment of interest separate from the bonds.
Default.
—
1st.
Default in
payment
of principal or interest
thousand five hundred shares of the capital for ninety days, after due demand in writing, gives Trustee
stock of the High Bridge Railroad Company, amountinjr 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.
10th. Three thousand shares of the capital stock of the to declare such principal due, or prevent or reverse the
Longwood Valley Railroad Company, amounting at par to declaration,
2d. Default in payment of principal or interest or perform^300,000.
11th. A lease in perpetuity, dated March 31, 1871, of all the ance of any other covenant of the mortgage, after written
railroads of the Lehigh Coal & Navigation Company within demand, entitles Trustee to begin foreclosure or other approthe State of Pennsylvania, including their bridge across the priate proceedings in any proper court.
8d. Default for ninety days, after written demand, in payDelaware River.
^^ agreement modifying said lease, dated June 28 ment of ])rincipal or interes't, entitles Trustee to take posses^ot}^
sion of the mortgaged property and manage it until net inl887.
come has 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
dth. Eight
;
'
the floating equipment of the company, its ferrv
^'^'^'^.^ ""
^^'^ York City on the west side of
btreet, opposite the foot of Liberty Street,
used for its
ferry and transportation business.
hundred and fourteen shares of the capital
«f^Wf^^^^'^
Railroad Company, amounting
I*Sr to 181 400*
in payment of principal or interest, one-eighth in interest of
the bondholders can require Trustee to begin foreclosure or
other appropriate proceedings in a proper court, or otherwise,
accorduig to the requisition.
5th. After default for ninety days, after -written demand,
in performance of any other covenant of the mortgage, oneeighth in interest of the bondholders can require Trustee to
begin foreclosure or other appropriate proceedings in any
proper court, or otherwise, according to the requisition, subject to the power of a majority in interest of the bondholder
to require Trustee to waive such default and withdraw proceedings, or to proceed according to requisition of majority.
and n'nety-six shares of the capital
^'^^ Railroad Company, amounting at
Waiver of Defenses In case of default, the company can
net take advantage of any present or future appraisement,
property.
Also, all corporate and other rights, privileges,
franchises
and appurtenances of or belonging to the companv, incluevery privilege of exemption and immunity from
taxa-
^g
tion.
13th.
_
"SF
West.
AU
if''^.*'^''
•-fi^Wf^tr'if''"^^''^
^to $79
000^''
^
^"^
leth. One thousand seven hundred and
seventy-three shares
of the capital stock of the Lake Hopatcong
Railroad Company, amoimting at par to $177,300.
17th. Fifteen thousand nine hundred and six
shares of the
preferred capital stock of the New Jersey Southern
RaUwav
^^'npany, amounting at par to |1, 596,600.
:7T
i!'0"sand four hundred shares of the capital
Company, amounting at
atr^t
l.^?o§24o!ooo!°'"'
—
valuation, stay, extension, or redemption law of any State
wherein any part of the mortgaged property is situated.
—
Mode of Sale. Mortgaged property may be sold as a whole,
unless majority in interest of the bondholdere direct otherwise, and is not to be subject to sale under judgment obtained
by individual bondholders unless entered for the purpose of
enforcing the trusts contained in the mortgage.
Begistration of Bonds,
tain in the city of
—The
New York
company must always main-
a public
office or
agency for ex-
Septembkb
THE CHRONICLE.
24, 1887.J
clmtiKP and roKistration of bondn, without oxjmmiso to the bondhoM.i-i, ami ki'<']> tliore rt'Kistrntion bookH, open to insnoctioii
1' and holders of not less than $500,000 of bondH.
of II h
403
bridg;ea, piers, rights of way, building* built or to
ilcpot grounds and land i>r(>cured or intended foi
ri>ad purposes; all leases.and all terminal facilities
b«
t
—
Iniilt^
'
:
>
:iil-
aid
,,.
(,.f.
MeethiRsof biindholderHforaction rl)jhtH, and Htructures of every
facilities, projierty and nn
ind ami
the inortjjaKf" may Iw called l>y Trustee, and muial
nature that Ix-longed to the Tolliiii:lor»
niiiM
Ml. <.l on written rei|iiest of holders of not lesis than
|{ailroad Company, to the companies tlmt
ith
!S."i(Ki.(;ii() of
l)on(ls, on notice publi.shed in Now York nexvHthe same, to the Toledo Cincinnati
St. !/
.inpiiliiT- (wico a week for fonr tiuccessivo weeks, and mailed
including the comoatiies that by con
.i-il
ti>
iv^istored Ixindholders; or, on failure of Trustee to call pany,
the same, to the Toledo Oliarleston
St. !/>
miniciini; on request of holders of reciuisito amount of Inrnds,
Illinois,
pany
of
to
the
TJluiTton
Kokf)mo
iv -"Mun >>isi«>rii,
or of the ccmi)any, the President of the company or such
kailroad
Company
of
ladi.ana,
to
Toleilo
the
Du|>ont
Wentbondholders may call the meetinj^. Bomlholders are to have
one vote for every $1,000 in amount of principal of bonds. ern Railway Company, and all the pr<ii)erty whicdi vested in
Sylvester
Kneeland
purchiiser
11.
as
thereof,
judicial
at
sale'
Proof of ownership of bonds may bo required at meeting.
December 30, 1885, nowusoa in connecti<m with the said lino or
A/i -w"< o/ J/brtf/ci/ecZ i<ofA-s.—Certificates for the stocks railroad or the maintenance or operation thereof, or whethor
a>-i I' lliy way of mortgage, except ilft^ shares or less of the same sh.all
at any time hereafter be ac<|uired therefor: aad
euih f.impany, to qualify directors untd proceedings are also all rolling stock, materials, franchises, etc., now owned
mortgage,
under
the
remedies
onforce
b»>pim l)v Trustee to
or wliich m.ay hereafter be acijuired for the purjioses of tto'
remain in nan\e of the company, but must be deposited with said railroad, and all income, etc., from the property.
indorsed
with
executed
tmnsfer,
and
8tampi>d
Trustee, and
THB BOND.
available when such proceedings are begun; dividends l)eing
First Mortxngo 6 per cent Gold Bond.
IMviiM.' to the company while in ^possession of the mortgaged
•
/.'
m' Mfftinui-
il<-' •;..!;
,,,,
i
V
:iui
.
&
&
&
raili
/)«/«. -Juno I, ISgii.
Amount AullKirizrA —^9,9,00.0^0; $910,000
I' I'l.
to be buld liy the trugtee,
and Isaiird at ill" r.-itc of $20,000 per mlln, only for tlie purpose
baUdlnKii IliK' i>r r.iilr(i:til toextond from DajWDt, Ohio, to apoUit
ntorniarUtuatiir. Indiiiaa.
not to prevent consolidations
AsHigiiinent of tJiesc stocks is
of the several companies with the company or with each
other, or the purchase by the company of their railroads and
property.
Lipon" consolidation or purchase, the properties in question
are to be conveyed to the Trustee by supplemental mortgage.
Certificates of stocks pledged in adjustment mortgage of
May 1, 1878, are not to bo returned, canceled or specially
transferred until after satisfaction of that mortgage.
Vfnominatum. — 1,000
ea. li,
Cotinnti nr Kririslered.—Ciaipon;
books In Now Y<trk City.
requisite
—
become 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 payable, whether said principal by the tenor of the bonds be
the
become due, and thereupon
then due or to
trustee is authorized and directed to cause the whole property hereby conveyed to be sold at public auction in NewYork City or Toledo. So much of the net proceeds from
such sale, or from any judicial sale as hereinafter provided,
as maj- he necessary, shall be applied to the payment of the
principal and interest owing and unpaid, whether the principal 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 the amounfs owing and unpaid
respectively, without discrimination between principal and
—
which
be reglttered on the coinpan;'*
If default in the payment of principal or interest
continued for six months, then the trustee is authorized on the written request of the holders of one-half of the
bonds outstanding, in respect of which default has been Tiade,
to enter upon all the property hereby conveyed and to operate
the railroad, and to apply the net proceeds to the paymentof
the principal and interest of the bonds as the same may be or
Default.
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 SOth
clause of description of the mortgaged property; the bonds so
excepted to bo 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
imcertitied an amount of general mortgage bonds equal at par
to the par value of said securities, which have not been canof
may
shall be
mortgaged railroad.
Bonds pledged in adjustment mortgage of May 1,1878, are
not to be deposited or stamped until after satisfaction of that
payment
but
Principal I'ayihie.—T\ie principal Is payable .Iiino 1. 1916, In icoUt
coin of the Uniicd Stat •« of the present atandiird of weight and llneness. at th<> ago'ioy of the company In New York City.
Inlerul I'ai/iiljli'.—lhc interest ia (i per ecnt per annum, payable Joss
1 and Di'citmlicr 1, In like triiM coin at the said a«ency.
Tttxr*. -Principal and Interest shall be paid free of all taxes.
IMinmtnt before iCaturity —Vhe company reserves the right to take np
the entire scries of bonds on Juni* I and Deoembor 1 In any year,
after Klvini; six mouths' notice, by the payment o( $ 1,050 forcacb
of the bonds.
Deposit of Mortjiaged Bonds.— KW 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 proceedings are oegun 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
celed or deposited, or for
have not been deposited.
W
moneys
—
Exchange of Property. Company may sell or exchange
any part of mortgaged property, or lease any part, or compromise claims to any part, on thirty days' notice to Trustee,
which, unless it makes written objections, or if the objections
ha overruled by arbitrators, must release the part in question
from lien of the mortgage; and the company may change loca- intertst.
tion of any tracks or structures; property received on any
In case of default authorizing sale as aforesaid, the trustee
exchange and new tracks and structures to come under the is authorized, instead of making sale of the property, to promortgage, and proceeds of any sale and consideration received ceed by bill in equity, or other appropriate proceedings in
on any compromise to go to improve mortgaged property or court, to foreclose this mortgage and to have the property
purchase other property to come under mortgage, or to pur- sold by judicial sale under the decree of court. At any sale
chase general mortgage bonds for cancellation.
bonds may be used toward payment of purchase money.
Leases. The company may cancel any lease mortgaged
Titistees. — Any trustee may be removed from the trust, and
when all the stock of the lessor company has been deposited any vacancy in the office may be filled, by an instrument in
with Trustee, and may modify such lease at discretion, the writing executed by a irajority of the bondholders. In case
modified lease to be subject to the mortgage.
the bondholders shall fail for twenty days to fill the vacancy
TrUitee. Trustee may resign on three montlis' notice in as provided, the directors of the company may make a temwriting or on shorter notice if accepted by the company, and porary appointment, to continue until the bondholders shall
may be removed by vote of majority in interest of holders of designate a new trustee.
—
—
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-
IVabaMi St. Lonis & Paciflc— Receiver J. McNulta hasissued his report of leceipts and disburssmenta for Augu-it.
recapitulation shows the following Balance cash on hand
July SI, 18S7, $645,975; receipts Aug. 1 to 31, inclusive, on accounts prior to April 1, 1887, $8,i*49; receipts August 1 to 81,
inrlusive, on current accaunt, $1,003,538; total, $1,C83,36S.
Disbureemetits, Aug. 1 to 31, inclusive, on accounts prior to
April 1, 1887, 119,900; disnur-ements, Aug. 1 to 31, inclnbive, on current sccount, $759,048; total, $788,948; balance
summary of receipts and
cash on hand Aug. 31, $884,415.
di-borsements from Jan. Ito Aug. 81, 1887, shows : RfceiotH,
$4,116,(M7;
$5,839,629; disbursements, operation of road,
track rentals, $99,537; New York & Pacific Car-Trust as^-ociation, interest and expenses, $-17,588; taxep, year 1880, $191,-
A
;
erty
is
situated.
TOLEDO ST. LOUIS & K.4.NSAS CITY.
FIRST MORTGAGE ON THE TOLEDO ST. LOUIS &
KANSAS CITY RAILROAD TO SECURE GOLD
BOND DUE 3UXE
1,
:
A
1916.
Dote.—June IS, 1S8B.
892: special taxes, $7,583; interest on first mortgage bonds,
Parties.— The Toledo St. Louis & Kansas City Railroad $437,647: leaving cash on hand, $f>84.415.
Company, of the first part, and the American Loan & Trust
—At St. Louis, Sept. 19. in the United States Court. Judges
Company, of New York, and Joseph E. McDonald, trustees Brewer ^nd Thayer hinded down th ir decision on the quesof the second part.
tion of compensation for the Wabash rpceivera. The Court
Property Covered. — All and singular the railroad of the made an el-iborate explanation or juatificUion of its finding.
company, extending from Toledo, Ohio, through the States of The roaster had re-ommended an allowance of $113,500 each ;
Ohio, Indiana and Illinois, to the city of East St. Louis, being the Court allows $70,000 each, but that amount only cover*
a
distance of about 4o0 miles.
And
also all the lands, tracks,
'
the Eei vices to date.
THE CHRONICLE.
404
^ommzvcml
^hje
COTTON.
35imes.
Friday Night, Sept. 23, 1887.
Early in the week there waa cansiJerable disturbance in
business circles on account of the money pressure, which was
by the announcement that the Federal Government
largely increase its redemption of bonda. There was
also general complaint in mercantile circles of the scarcity
of loanable funds, which continues in a measure to the cl ise
of the week. But there is confidence that the workings
relieved
would
toward an easier money market will now make satisfactory
progress, and complaints on this score have almost ceased.
General trade fell off somewhat under the financial pressure,
Lard for future delivery has developed rather more speculative interest, but to-day there was a partial recovery of yesterday's decline on a demand to cover contracts. Lard on the spot
has bten dull and dronping, but closes steadier though quiei at
6'65c. for prime city, 6'75@6'80c. for prime to choice Western,
7@7'05c. for refined to the Continent and 7 -400. for refined
to South Ameiica.
DktLY 0LO8INO PRICES OF LARD FnTDBES.
..
..
..
6-66
6-6J
6-63
6-6S
6-74
6-60
e-60
6.6S
6-71
Wedns'y. Thurtd'y. yrid-a^.
6-67
«-65
« 68
6-63
6-Bl
6 64
6-61
6iii
6-H3
6-68
6-66
6-6S
6--3
6/4
....
6 6i
6-64
6-64
6-69
6-75
February" ..
6-0
b-83
....
680
"
Met.
Pork has continued dull old mess $15 2.5. new do. $ 6@
116 25, prime $14 25® $14 75 and clear $16 75(d|17 50. Cuimea<s have been quiet, but pickled bellies are dearer
10i^@10i^'o.,
6@6i^c.
snoulders
and
hams l;@
at
Beef
12j4'c.; 8m(jkia shoulders 7@734'c. and hams 13@13i^c.
nominal
extra
mess
•|7@$7 50 and packet
remains nearly
per
bbl
India
mets
50@$I2
ice.
p>r
$10
Beet
hams
$7 50@$8
dull at .$16@$16 25 per bbl. Tallow closes quiet at 4c. Stearine is lower at 7@7J8C. Oleomargarine is qu >ted firmer at
Butter is dull at 17® 24c. for cream6J^c., with little doing.
Cheese has bf^en unsettled, and low grades are cheaper
ery.
The
State factory full cream, 10@12c.. and skims 4@9c.
swine slaughtered at the principal Western towns from
March 1 to September 2l8c numoered 4,540,000, against
;
;
:
;
4,575,t00 same time last year.
Rio coffee has been more active for future delivery. A decline early in the week, ia both spots and options, brought
forward buyers for the reaction tliat was thought to be probToday there was some advance, closing with sellers at
able.
1740@18"10c. for Oct. to June. Coffee on the spot has been
fairly active, but at drcliuing prices until to day, when there
was a partial recovery, with fair cargoes of Rio quoted at
1954'c., with more doiug in mild grades, includinj? Java at
^@24c. Raw sugars have been dull and diooping; fair
rehniog has declined to 4J^c. and centrifugal, 96-deg. test, to
6%'-.; but at these reductions there ia, at the close, rather
more doing. Refined sugars are also lower, Teas meet with
a very good demand.
Kentucky tobacco has sold in the past week to the extent of
875 hhds., mainly for expurt and speculation. There is a fair
demand at, unchanged prices. Seea leaf continues to redeco a
large movement, and sales for the week are 3,6i0 cases, as
followc: 200 cases 1885 crop. New England Havana seed, 15@
20c.; 350 cases 1886 en p. do. do., 15(a24'^c.; 400 ca-^es 1886
crop, do. seed leaf, 13@l6!^c.; 200 cases 1881 and 1S85 crops,
Pennsylvania seed leat. 9@15o.; 400 cases 1886 crop, do. do
fl@17i^c.; 250 cases 1886 cop, do. Havana seed, 10@17^c.; 600
cases 1886 crop. New York State Havana, 13(a20o.; 400 cases
1886 crop, Wif conein do., 7i^@ lOJ^c. 300 case>ri886 crop, Ohio
seed leaf , 7;^@ lOJ^c
150 cases 1885 crop Little Dutch, 9@
lOJ^c, and 400 cases 1886 crop. Little Dutch, 9i^@llc.
^l8o,
450 bales Havana, 60c.@$l 10, and 350 bales Sumatra, $1 400
,
:
;
75.
Spirits turpentine has been dull and closes easier at 32i^@
82)^0. Rosins have improved and close at $1 10@$1 15 tor
common to good strained. The speculation in crude petroleum certificates showed increased aciviiy with the return
of ease in the money market, and yesterday advanced to 69c.
To-day the market was active, closing at 68J^@68;^^c. Clover
seed is lower at 7}4@8c. per lb. Hops are in some export
demand at 18@20c. lor prime new.
On
Fri.
4,355
6,117 33.148
6,010
1,345
37,821
5,512
856
856
46,799
1,100
27,043
350
12,277
67
12,368
10,346
....
....
8,513
9,871
1»671
2,761
5,960
232
322
....
5,890
5,841 11,515
6,017
8.049
Bmnsw'k, &o.
Oharleston
Pt. Royal, &o.
.,-.
.--.
....
3,507
5,667
4,790
6,056
3,691
9,187
1,100
4,332
1.877
2,059
1,281
2,696
1,S85
1,612
2,747
....
....
633
—
....
the Metal Exchange there has been little doing. Ingot
copper has further declined, selling yesterday at 10 65c. for
December delivery. Today the soecuUti )n in block tin
revived, and there were silesof60 tons straits at 20-80@
20 -850. for October and 22 65c. for November.
Ocean freights sho>v some impiovement in the volume
of grain shipments, but at low ra es, including yesterday
Hull at IJ^d., and to-day Antwerp at 2>^d. and London 2d,
250
.--.
....
Wilmington
Moreb'dC.&o.
2,125
2,578
1,778
1,860
•lorfolk
1,914
1,431
1.408
1.496
1,458
1,506
67
<
New York
.--.
Boston
Baltimore
2
3,280
....
18
11
....
21
31
21
3
10
101
....
....
....
70
....
15
Cblladelp'a, &o.
Total.
4,870
....
3
week 25,422 35.447 38.631 25.360 28,856 36,021 187,740
For comparison, we give the following table showing the week's
total receipts, the total since September 1, 1887, and the stock
lO-tiight, and the same items for the corresponding periods of
Totals thin
last year.
1887.
Reeeiptt to
Sept. 23.
Week.
Salveston.. .
Ind'nola,&o
Sew Orleans.
Mobile
81.350
27,630
83,543
46,508
42,682
37,'21
5,512
73,558
13,808
2,742
111.467
4,309
63,627
17,««l
3,758
38,170
5,233
1,539
65,446
1,100
26,013
46,851
7,635
32.853
3,511
72,613
42,860
41,818
478
17,118
22,349
5,961
10,234
5,599
490
203
200
226
17
45
503
711
44,785
3,300
2,808
4,790
93,889
5,000
2,772
7,138
414,737 IO6.6OII
232.860
299,139
262,728
&o
1,100
Oharleston ..
Pt.Boyal,&c
27,043
*llmlngton
12,277
67
Sorfolk
W.Polnt,*o.
12,3H8
10,346
Boston
Baltimore
1,
7,.0
31,979
900
15,662
999
192
3,005
24,406
7
103
4,525
21.624
125
16,579
250
tf'head C.,&o
New York
1886
314
3,749
. .
31
21
101
41
24
102
187,':40
Tot.al
282
3,793
26
. .
Phlladel'a,<&c
1886.
1887.
33,148
46,799
.
Since Sep.
Week.
..
Br'BW'k,
T/iii
1387.
1,
8.^6
("lorlda
Savannah.
1886.
/Since Sep.
31
In order that comparison may De made with other years,
give below the totals at leading ports for six seasons.
tteetiptt
at—
1887.
1,203
114,873
11 8,4 '33
125.032
136,479
256,925
319,507
296,957
Sortolk
W. Point, <Sto.
\U others ...
rot. this w'k.
187,740
106,601
Savannah ...
C aarl'st'n, &o
*tlm'gt'n,<!io
Since Sept. 1.
2S2.860
414,737
1888.
22.439
26,523
19,498
14,826
4,781
34,625
19,9.9
4,657
Orleans.
Mobile
we
25,163
14,776
3.318
33,223
21,357
4,161
10,750
2,096
3,619
27,630
17,661
3.758
31,979
15,354
3,012
4,525
125
2,057
Sew
188f.
1884.
1885.
1886.
33,148
37,821
5,512
46,799
27,293
12.344
12,368
10,346
2.109
Halvest'n.ifeo.
7,936
7,418
275,465
29,406
22,758
3,291
9,570
27,575
23.941
11.950
31,717
21,557
4,176
9,961
4,387
1,903
1,715
3,387
4.747
Galveston Includea Indlanoia Oharleston Inoladea Port Koyal, Ac;
Wilmington inoludes Moreli'dClty,*o.; West Point Inolurtes City Polnt,iko.
The exports for the week ending this evenmg reach a total
of 58,718 bales, of which 40,973 were to Great Britain, 5,434
Below are
to France and 12,311 to the rest of the Continent,
t he exports for the week and since September 1
1837.
;
,
WMk
;
|1
TKur:
Wed.
4,027
4,7C6
1,309
Sew
We8tPoint,<feo
sufficiently serious to attract
attentior.
"
Nov.
"
Dec.
"
.lanuary
ludlanola, &o.
Orleans...
TU€M.
9,311
4,468
Bavannah..
in the leading staples of agriculture has been
tone at variable prices; the only decide J change for
the better 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.
llond'y. Tuetrt'y.
Moti.
.Sat.
Florida
fitful in
Salurd'y.
October dellv'y 6-64
at—
Receipt*
Ualveston
Mobile
and speculation
much
Friday, P. M., Sept. 23, 1887.
as indicated by our telegrams
from the South to-nitcht, is given below. For the week endirg
this evening (Sept. 23), the total receipts have reached 187,740
bales, 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 increase since September 1, 1887, of 181,877 bales.
Thk Moveuent of thb Obop,
COMMERCIAL EPITOME.
Labor troubles are nowhere
[Vol. XLV.
finding Heft. 23.
rrom StvU
BxporteA 10—
isporta
Qreat
Irom—
BrWn. Wrance
4BiT.flt0n
New Orleani
.
3.314
11,116
4.8 IS
1,
1867, to Seiit. 33, 1887
Bxport*A to—
Oreat
Ccnil-
ZJtol
n<nt.
Week. Britain. **"'>««
Continent.
I**^-
3.314
3.314
3,314
4,883
21,114
24.619
i<4,317
4.800
8,800
B,IOO
5.990
Mobile
ncrlda.
^ATaanah
—
Ctiarieston
WlliQinKton...
Norrmt
"est Polnt,&o
<ie<r York
3.500
5.100
.
8.742
2,H»1
•ialtlmore
2.174
^oatoa.
F'blladelp'a,
Total..
tc
"eiB
8,663
65
3,8:«)
40,973
6,434
12.311
Sl.Odt
ft
^4<*
RT7T
6,100
10,710
5,100
850
850
11,924
3.»6e
40.1551
2.174
?.19(J
47,884
6,801
2.196
4,300
rt,5l8
4.636
3,83S
4,638
58.718
93,6*0
6.5S4
16,1P4
Ti 5,388
44'>'l'
R?««S iniSfl
O.lin
STSill
Keptembkr
THB CHRONICLE
24, 1887.]
In addition to above iixportg, nur telagrams to-night alHo nive
aa the followinK amounts of rotton on Bhiphoard, not clearml,
add ximilnr flxurea for Nonr York,
at the pons niinied.
which are proptred for our Hpeuinl u»o by Moasra, Carey, Yale
Lambert, 84 Beaver Street.
S3
&
"III
On SMptoant, notel»artti—fOr
AT—
ir«w Orleans.
MobllB
Sev
4.U0D
Nuntt.
!>,,'SUO
500
400
The market
lft,l«5
4,000
24.200
2 1.700
122.5d0
7,500
5.000
200
None.
7,'JOO
1,000
58,682
3,019
43,751
17,098
33.115
31,375
Total 1886...
Total 188ft ...
10.C41
5,d6(5
13.619
20,257
:
2.3.11
:
[IS
i7.(;i«
2,i,«-93
5.'.?.<4
29,xS.^
w
2A(J97
2
ii^w
to^
70,112
Vt'^ -
cji
toco
;
MM
2
*
I
Ordinary
'^'
id Oidirary
id Ordinary
-irlet <i od Ordinary
CJ>»3
•<
.MidiiliU!;
Strut
Low Middling
Si-ig
,_
i
MiddlMii;.
!
Good
Mid.llini?
Strict (iiiod Middling
9
9'ifl
938
95^'
9u,g 9%
lOlia 10
lo^ig lOH
1011,8 10*8
ll»,g ii3g
Middling Fuir
Fair
GULF.
Ordinary
Ordinary
9iie
Sat.
^
5
oto
5
— "^
toto
CT-W
2
».u:
«o
I
si.»:
teOo'C
^1
W-a
S
CC03
10
I
Ordinary
Low Middling
ling
Middling
Middling Fair
Fair
STAINED.
Sat.
91b.
Middllna
ceeoc
'
co^w
k1
,tl
wo;
ccco
oiw
2
CCM
««>:
I
-o
<
COO
5
2
c>yi
2
I
wcjt
Sco:
coo
I
?2
o
?
^
cji;l0|b
-Ji
CO
'"?
tj,
c;<
00 >
15
oso>
o-
2
'^
ao)
COM
2
I
I
2
"
a
I
ooOo
coo^o
Oj^tO MW
aA
den
«j
c%a
-\
714
73,8
7%
73,8
O^
7'',8
97,8
8»a
938
,-eo
858
73,8
o
8=8
91,8
9:
I
2g
7%
71a
613,8
71a
87,8
8°16
SI""
SI"
9
-J
..1
Cto-vl
*1
l>
.,5
2
"^
CO
I
"?
I
I
Mi
5
2
I
9
:
9:
•I
I
9
CD
OOq
O
a.Si
•I
Si
9
I
9
o? o«o<p
oLcbOx
1
!«:••'
0!0
-i-i
:
Om
I
o
te
I
00^0
O
ID
9.»:
>
coo
*j^
cxco
9»ig
MABKET AND aALES.
The total sales and future deliveries each day during the
week are indicated in the following statement. For tne conTenience ot the reader we also add a column which snows at «
glance how the market closed on same days.
I
(CO-O
ifn.
6is„
8>«
938
QOCO
^^
7",
mom Tnee Wed Xb.
7»8
GO
1
I
too
2
^
frrl.
I
O
c>.
h-
00
2
"^
.435
9.*»;
2
S.-':
2
nioD Toes Wed! Tb.
I
9.=^;
>
zfv
s.>»;
.j-'j-CD
I
«.»:
as
<eco
CO
6i9t
9.^:
coo
I
cccooo
lO^.g
113,8
9.":
^?«:
CDoCO
tiOa.
l(^
cJicb
®?»:
oS'w
,
CJI^^CJI
y ®0
2
^
c^cj>
WCDQ'.&
o^
.^
2
"^
I
CO
CCCOOtO
sm:
^
®!-:
c^c«®yi
11.3,8
6^8
LowMlddUng
5
2
^
I
cj«c>
ro
-)
0>
CO
oroo
O X)o
o toroo OCDCO
10>4
1068
113^
2
8«:
MCCOoo
^^
ccc;t
9"i6 9ii,8
cow
I
COOq to
cD«
^M
«o
3 go
CT
tow
I
^8 W WOCO
I
5
S:':
C0g!0
co5to
a
Sio
eoeo
ciiC
O!0
2
00
cni(>.
o
-J
*4
coco
H»8
9ifl
»».8
91a
9'l8
Si'«
9«,8
91a
97,8
!"a
97i„
9\
911,0 911,6 9»8
958
95r
9''9
915,8 tt'B
9>3l6 9l3,t 91^18
103,8 10>8
li/l,e
101,8
101,8
10>e
107,8 loag
1U38
105,
103,8 1C3,8
lOl*!" 10%
10% 1011,8 10»,8 10«ie
117,. 1138
1138
11°I8 113|- 113,8
LowMiildliiiK
Oood Ordinary
Btrtot Good Ordinary
816,8
95,8
9>a
I
CO
O
111,8
81. ,8
111
S\
815,8'
95, „
9>i
9'i,e
915 IB
«.-;
I
so
I
coco
coco
eoo»
ll,7,8
8%
Strict (io
8«9
2
'
2
ei»a
*»:
lUlB
Good Oidliiary
Middhnu
Good .Mid'
8^8
»%
9X18
9%
I
o
COM
2
2
**
MIO
<,»
WWto M,a©,a
KIO
s<i;
*'_
S.a:
1
2
«
e«4
tocoo^
WCoOro
KMOtO
toto
J
"
S.*:
toic
I
eteSto
n
71,8
79,8
81a
»i°ie
9»ia
/»18
Ie»:
a.0
714
Strici
,
®.w
915
101,8
75,4
7li,8
Strict (!o..d
7*i«
I
915
101,0
107,8
Strict
lb
7<>8
$.«
I
»**
>.
^
*»:
•
I
2
^
«r
«.»:
KtO
coto
«o»
jf.
C0gO
OSU;
I
ectooto
V
tsio
ta
03 CO
-j,
eto
COM
I
FrI.
7%
7»8
1
1/ow
Tta.
I
tow
»<0o?
KM
en
9,^:
<c«se tseSto
Cti'.0^ w
o
SiOta
—
—
non Tnes Wed
I
<Ct9_0_
I
Cotton on the spot has met with only a moderate
Sat.
cj>
s.w:
wo
90;
1
M
demand from local spinners, who are now in receipt of considerable supplies direct from the South.
Quotations were
reduced l-16c, on Monday and again on Weduesday, and yesterday high grades were reduced igC. To-day the market was
dull and weak at 9 ll-16c. for middling uplands.
The total sales for forward delivery for tne week are 413,8(10
bales.
For immediate delivery the total sales foot up this week
3,033 bales, including
for export, 3,03{ for consumption,
for speculation and
in transit.
Of the above, 408 bales
were to arrive. The following are the nfScial quotations for
each day of the past week— Sept. 17 to Sept. 23.
I
^
000 ,-
*.*:
IJ
COM*'
tta:
cozace
i(i.-j,Oi;
COOP
early months, but without material decline, except for Sep-
UPLASDa.
"1
COS o^
has
week the process known as "switching"— and referred to in
our last, changing contracts from early to late months— was
-ontinued with advantage to prices for the more remote
li'liveries; but a new feature was developelin a smart pressure on Srptember contracts, in which there was something
of a " corner," due to the very small stocks here and the
rapidity with which current receipts were absorbed. This proseure 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
tee
a
Too
191,278
171,6^8
71,4.50
for cotton for future delivery at this port
—
I
42.9 1 :<
1
6,000
l4,90O
6,000
14,652
13,114
I
31.686
8.6H5
been quite unsettled for the week under review, and the
course of prices has shown much irregularity. Eirly in the
tember,
a:
:
822
;<.'00
.,
1887...
4,538
None.
12.700
11,700
3.613
Non«.
•
Btoek.
ToM.
IC<M.
None,
None.
i:t,!(.!0
OtHor porta..,
TOMI
1,919
8.^ >0
,
V.)rk..
7.8 ^6
<7o<M<-
None.
1.500
6.100
6,67«
2,000
None.
None.
,
Oharleiitou ...
Savftnuitb ..
Okl7t»ltOU.. ..
Norfolk
OM«r
rili
a£?? fil?
•3:^ a. ts 3: s
5; M
ilif iliT
•:
:
Ltarina
Sreat
BHtain. rranet
33?!
p'4
We
Sep(. 'J3,
405
I
I
I
I
I
I
I
I
'
I
II:
I
I:
I
I:
IT* We have Inoladed In tbe above table, and shall oontinne
woeK to give, the average price of fntnree eaoh day for each month. I>
win lie found under oaoli day following the abbrerlaCloo " Aver " Tto
average for eacli nioiilh for the week Ig also given at bottom of table.
Tranaferable Ordrrn—Saturday, O'SOo.
Monday. W'.'iOc.; TaeadAyy
;
SALES OP SPOT ANB TRAMSn.
SPOT HAAlUrT
CLOSBU
Bitt.. Quiet
Hon. Firm a
:,g
dec.
Taee. Firm
Wed. Q't&S'y«l,gdec
*iuiet a rev. quo
Tlinn
Frl.
.
Totiil.
tasy
Ex-
Oon-
Spea-
port,
lump
ul'Vn
....
....
....
....
....
....
283
486
477
476
695
61«
....3,0.331
Total.
283
486
477
476
695
616
'.'.'.'.
....1
...
The Salbs and Prices of Futures
sales.
^
TbnrKdav. 9'50e Friday, 9'45o.
Sbort noUcei for September—Tuesday, 9'4S99'48c.
1 ,000 Dpo. for Jan.
3.500 Dec. for .May.
100 JKU. for
ir.
1k1. to exch. 500 Jan. tor Fel),
pil. to excli. 2(M> jHn. for May.
(id. to exch. I,5ii0 Oct. for Apr.
pd. to exch. 5,ii00 Oct. for Apr.
pd. toexidi. 600 Dec. lor Oct.
iMl. to exoh. 3<K> Feb. ror Sept.
pd. to ezoh. 1,500 Nov. ftir Mar.
pd. to ezoh. 200 Nov. for Jun.
pd. to exoh. 700 Oct. tor Sept.
iMl.
43
75,400
78.100
83.800
36,O00
•18
iid.to eich.
iKl. to eii'h.
0^
....
....
....
delivered
the d»y
shown by
the
;
:
The following exchanges have been made during the weeks
•08
7ti,900|
are
9-60r.: Wiwlnendav. 9"55n.
Aon'
*^'^
3.033 412,800l
Tlu daily deuverlea given above are aonuUy
Vievloita to tbat on wblcn thes^ are reported.
following comprehensive table:
fdthkes.
•35
•a2
•S3
•03
"07
•28
•09
•25
Xn exeh.
M
\fi exch. 600 Deo. for Jan.
for Jan.
•37 iid.to excli. 200 Doo. for May.
'31) pd. to exrh. 5<>o Nov. for AprlL
08 pd. toexcti. 100 April for *Iay.
01 pd. to exch. 100 Oct. for Jan.
•06 pd. to exoli. 100 DrO. lor Jan.
04 pd. to exe. 300 Sept. b. n. 23d
regular.
21 pd. to exch. 100 Oct for Apr.
02 pd. toexob.l,00(' Jan.for CHifc
Even loo Nov. for Dec.
•06 pd.
Even 50O Oct.
IW
The Visible Supply orcoTTONto-niKbt, as made up oyoabl*
and telegraph, is as follows. The CoDtineD'-* strx^liR. aa well aa
1
THE CHRONICLE
406
those for Great Britain and the afloat, are this week's returns,
and consequently all the European figures are brought down
But to make the totals the complete
'to Thursday eveniagr.
figures for to-night (Sept. 23), we add the item of exports from
the United States, including in it the exports of Friday only.
bales
atock at Liverpool
1887.
1886.
4U,000
333,000
21,000
36.000
ItockatLondon
417,000
4,600
4H,000
22.000
Total Great Britain stock.
at Hamburg
Stock at Breraeu
Stock at Amsteriiam
^tock
Stock atEotterJam
Stock at Antwerp
Stock at Havie
fitock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
1885.
487,000
21,000
508,000
2,900
31,600
33,000
400
1,900
128,000
4,000
39,000
9,000
8,000
354.000
1,500
26.300
18,000
300
200
900
1,100
165,000
2.000
26,000
5.000
14,000
110,000
6.000
40,000
16.000
16.000
188*.
588.000
68,0C0
656,000
4,100
53,400
40,000
80C
2,30C
199,000
5,000
44.000
12,000
9,000
25S,700
235,200
257.800
732,700
116.000
68,000
for
Eur'pe.
Amer.cott'ii afloat
30,000
Egypt, Brazil, &c.,alltforE'r'pe
ports..
299,139
«tock in United Btates
03,20H
.Stock in XJ. S. interior towns..
14,495
United States exports to-day
588,200
765,800 1,035.600
102,000
42,000
39,000
41,000
8,000
1,000
225,565
241.740
JCotal Continental stocks
Total European stocks....
India col ton afloat lor Europe.
S.S.OOO
55,000
5,000
262,728
4^,600
H',769
40,ft21
l'.!.50O
369,600
25,9 Jd
11,300
1,J45.510 1,049,297 1,144.961 1,440,371
Total visible supply
Of the above, the totals of American and other descriptions are asfolio ws
American—
177,000
122,000
88.000
299,139
65,206
14.495
180,000
132,000
55,000
262,728
43,600
10,769
319,000
149.000
41,000
211,740
40,921
12,500
330,000
Total American
East Indian, Brazil, itc—
i,iverpool stock
Xondon stock
Oontinental stocks
765,810
684,097
804,161
819,771
India afloat for Europe
bales
I,lverpool stock
-tkmtinental stocks
American
afloat for Europe...
tJnited States stock
United States
luteiior stocks..
•ajnlted States exports to-day..
Egypt,
39,000
225.565
26,906
14,310
234.000
36,000
153,000
21,000
16;i,700
io;s,200
116.000
30,000
83,000
5,000
&o
S79,700
7o5,840
168,000
21,000
108,800
42,000
1,000
310,800
804,161
365,200
681,097
258,004
68,000
184,600
102,000
8,000
620,600
819,771
1,345,540 1,019,297 1,144.961 1,410,371
Total visible supply
SSsd,
SiBisd.
PriceMld.Upl., Liverpool....
5;i8d.
57Hd.
gsso.
10ii«o.
lO^ier.
PriceMld, Upl., NewTork....
gUieo.
The imports
into Continental ports this
week have been
10,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 296,343 bales as compared with the same date of
1886, an increase of 200,579 bales as compared with the corresponding date of 188S and a decrease of 91,831 bales as
XLV.
more than at the same neriod last year. The receipts at
the same towns have been 43, 767 bales more than the same week
last year, and since September 1 the receipts at all the
t jwns are QS.iei bales inore than for the same time in 18£6.
CJaOTA'flONS FOB MIDDLING COTTON AT OTHEB MARKETS.
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past wees.
bales
OLOSINO qtrOTATIONS FOB JtlDDUNO OOTTON ON-
Week ending
Sept.
23
New
9ii6
9ii6
Orleans.
MobUe
Savannah.
..
Charleston .
Wilmington..
Norfolk
Boston
Baltimore
Philadelphia.
Augusta
Memphis
Mon.
Salur.
Galveston...
9
&I18
9ha
815,8
Siho
9
9
9
9
9
9
9
^>
9ie
91,6
9%
9I1C
9i«
9I16
938
9-8
91a
I014
e-'i
Sl-2
10>4
9
975
gi.)
1014
8i.,o
9
9
9
9
9=6
Cincinnati...
Fri.
9
9
9
Oas
....
Tuea.
9li6
91.0
9t Louis.....
813io
9
9
81^10
9
»'9
9 1-2
IOI4
S15i8
815,„
9
959
9J4
9
t'lio
91ir,
914
9-\«
934
9 '9
938®l2
1014
93bSl3
10
815i6
*15l6
9
9I3
9I4
958
SI4
b^
8-8
8161,.
9
01-2
an
914
9ie
Receipts prom the Plantations.—The following table
Indicates the actual movement each week from the plantatione.
The figures do not include overland receipts nor
LoaiovlUe
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
Week
BnUno—
Brazil, &c., afloat
Total East India,
Total American
l*!5,0fl0
[Vol.
Ang.
19.. ..
28
Sept. 2
••
Receipts at the Porta. St'k ot iTiterior Tovmt. Bec'ptifrom Plant'nt
1888.
1886.
1887.
1885.
4,402
11,695
30,025
8.991
12,153
24,234
9,619
19.270
19,2441 47,:43
J,3!9
20,173
17,303
53.080
16..
23
42.581 83.437 25,384
71.915 lae.Ollj 34.974
114,873 106.6011187,740 52,513
188a.
1887,
1885.
1886.
22,986
7.814
4S.2il9
3,580
23.2o6l 12,624
23,793 27160
49,75
34,751
12,207
21,937
47.019
4 7, 598
60.863: 82.312
61,136
91.333
1887.
19.640
30,848
96,398
73,020 113.799
5J,731 82.551 133.3 1 114.473 217.783
—
The above statement shows 1. That the total receipts from
the plantations since September 1, 1887, are 173,461 bales;
in 1886 were 343,^31 bales; in 1885 were 813,037 balea.
2.
That, although the receipts at the outports the past week
—
187,7-10 bales, the actual movement from plantations waa
217,783 bales, the balance going to increase the stocks at the
interior towns.
Last year the receipts from the plantations
for the same week were 114,473 bales and for 1885 they were
132,851 bales.
were
Weather Reports by Teleobaph.— Our telegraphic adcompared with ISSi.
vices from the South to-night indicate that rain has fallen in
At the Intebiob Towns the movement that is the receipts most districts during the week, and that at a few points it
for the week, and since September 1, the shipments for the has interfered with the gathering of the crop. In other sec-^veek, and the stocks tonight, and the same items for the tions, however, picking continues to make excellent progress,
corresponding period of 1880— is set out in detail in the follow- and cotton is being marketed freely.
-owing statement.
fialveston, Texas, We have had rain on four days of the
week, the rainfall reaching ninety-three hundredths of an
020 7)>
inch. The thermometer has averaged 80, ranging from 73
e+
<:+S-3
—
—
rase
to 87.
g,
iiiin
I
p
I:
CJM^lOWtrO
Oi
C CO
K.
C M Cn -q tC W
wit
CO )f^
u
0»
CO
Vo*l *. K)'— CD
CC
O CT O
•^
W CO A 00 CO
CO
ifk
-^^ »c lc"ro CO o -^i o o**' *^'cD^
i^cc>-*cO'^o>o»Oci'C'Woccccc;'CaD©ti
—
OSO'CiO&CCOjpkif^.COCiXiCH-'OCOOtOWMOS
cnM^l-
co'to c: OS oi
>-^jCDOOit;iaj^-oi-'»-oj*-criu*.o;Sij
(yiOiiP-<fei^(0CDMWWi-'ar>aCJ'O^O^05
^ ^ ?s s"h;:3 is s 'tk "Is o?>; w'^ P '-lis SPSS
O V-^^^^**"^''*'^w^^os^o^OicD^ll3
ccoaoi-cco:<:Mocoocnoo(y"C05ooo
CO
&_
OiOIUiKCOtS*
-4
If
0101l('li>.
«M_a
OS
_eo
*M»ja.aa ^»!
ta-jooo e * H M K> 00 w «j ^ Si ir oj o y
.'*
-a^lt-"
—
Palestine, Texas, It has rained on one day of the week,
the rainfall reaching ten hundredths of an inch, Picking is
progressing. The thermometer has raDged from 65 to 93,
averaging 77.
Runtsville, 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 thermometer has averaged 78, the highest being 98 and the
lowest 64.
Austin, Texas,— ^mn has fallen on four days of the week,
to the extent of one inch and five hundredths. The thermometer has averaged 83, ranging from 70 to 94.
Luling, Texas.— \t has rained hard on four days of the
week and picking has been interrupted. The rainfall reached
three inches and thirty- five hundrelths. The thermometer has ranged from 72 to 93, averaging 81.
Columbia, I'exas.—'We have had rain on three days of the
week and it is still raining. Picking has been interfered with.
The rainfall reached one inch and seventy- six hundredths.
Average tbermometer 78, highest 88, lowest' 69.
C'uero, Texas. There has been rain on four days of the
week, the rainfall reaching one inch and forty-one hundredths. The thermometer has averaged 83, the highest being
98 and the lowest 70.
Brenham, Texas. Picking is activfly going on. Rain has
fallen on one day of the wtek to the extent of eighty-seven
hundredths of an inch. The thermometer has averaged 81,
ranging from 70 to 93.
Belton, Texas. We have had rain on three days of the
week, the rainfall reaching one inch and eleven hundredths.
The thermometer has ranged from 69 to 91, averaging 77.
Weatherford, Texas. Ic has rained on one day of the
week. Average thermometer 7.'5, highest 87 and lovvest 60.
New Orleans, Louisiana.
have had rain on six days
of the week, the rainfall reaching thrte inches and forty-sjvea
hundredths. The thermometer has averaged 79.
Shreveport, Louisiana. Rainfall for the week eighty-six
hundredths of au inuh. The thermometer has averaged 80,
—
?00)K>io)-.oi<ioi CD to
0D*>>0iOCCW»"»
tf*. rf>.
?t
P
o; OD b* 01 CO
CD
•^
g
M
HOI
H
HHKtOUl*.
to
CnCOHHMW
ooxoo»o<
—
—
—
—
J^^
ao^Kiroto!
*
The
*;»,,WSO><lt«'»Clt;
flgureg for Louisville In
The above
both years are "net."
show that the old interior stocks have
tnureased during the week 2i,688 bales and are to-night
21,606 ranging from
totals
—We
—
83 to 91,
Septhmbbr
THE
24, 1887.J
CHR()N1(>'LK
Leland, J/fji«ij»#«pp<.— TelfRram not received.
(freenmlU, JUiiiiiuiiiippi.—Tvh'HTam not ^to^ive(l.
(Jiitumbuii, Mi!iHijiHii)iii.—'V\\6 weather has been dry all the
wek. AI)out half of the crop has been pickel. Ttietberniniiieter has landed from QO to 89, averaging 73.
Clarkudiilt, HissixHipp'.—ilMntM for the week oae inch
The thut inomoter has ranged from lii
anil ten hundredih'<.
to M), averaKinfC 75.
Vi<jksbur(/, j/is,v/.«.«fpp<.— Telegram not received.
HUonter, Mississippi.— 'telegrara not received,
—
Hel-na, Arkansas. It has been showery on two days of
the week, the rainfall reaching eighty-six I\undredth8 of an
inch. There was a heavy fall of rain last night, but too latu
to h'Mp crops. Cotton is reported about all upenui the uplands.
Picking is progressing Qnely and the staple is coming in
rapidly.
The thermometer has ranged from 04 to 00, averaging
77.
—
Memphis, Tennessee. Rain fell on Siturday and Thursday
to the extent of one inch antl twenty-five hundredths. Cotton
is about all open, and picKing ami m:irketiog mike good progrers. The receipts to date exceed those of any year on record.
Average therui'imeter 74, highest 91, lowest 00.
Nashville, Tennessee. We have had rain on four days of
the week, the raiiiFall reaching four inches and seventy-three
hundredths. The thermometer has averaged 72, the highest
being SS and the lowest 6'j.
Mobile, Alabama,— li has rained constantly on one day of
the week, the rainfull reaching one incii and twelve hundredths. Crop accounts uncliaaged. The thermometer has
averaged 78, ranging from 08 to 93.
have had rain on one day of
Montgomery, Alabama.
the week, the rainfall reaching ninety-nine hundredths of an
inch. Tlje 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 tliermometer has ranged from 68 to 97, averaging 76'4.
Last -veek the wf-ather was warm and dry. and picking ma-ie
good progress. The thermometer averaged 81.
Selina, Alabama. There has been no rain all the week.
Avtnge thirmometer 78, highest 94, lowest 71.
Auburn, Alabama. Telegram not received.
Madison, Florida. It has rained on three days of the
week, the rainfall reaching two inches and twenty hundredths. The thtrmometer baa averaged 70, ranging from 08
to 91.
Macon, Georiiia.- -There has been one light shower during
the week. Picking has made good pro^rees.
Columbua, Qeorgia. It has rained on two days of the
week, the rainfall reaching two inches and fifty hundredths.
The thei mometer has ranged from 70 to 82, averaging 70.
have had rain on three days of
Savannah, Georgia.
the week, light on two, the rainfall reaching eighty-four hundredths of an inch. Average thermometer 78, highest 81 and
—
— We
—
—
—
—
—We
lowest 00.
407
haa been aa follows.
"Other porta" oorer
Tnttoorln. Kurraohe« and Oooonada.
ahipmtnU
OoniU
Britain.
neni.
CalouttaIH87
mtk.
for the
Oreat
12,000
Total all-
9010
1887
1886
14.000
136,000
87,000
OMfiOO
1,000
2,000
40,000
81,000
4,000
3,000
44,009
27,000
2,000
6,000
lo.ono
l-*,000
68,000
55,000
30,000
89.000
08,00»
94,000
8.000
6,000
12,000
20,000
207.000
138,000
160,000
79,000
367,009
2l7,00»
xpOBTa TO Bimopa rBOM au.
SKipmenli
Europe
from —
Bombay
ThU
ainee
Thi$
week.
to all
Jan.
1.
2.OO0I 1,027,000
367.000
12,000
All utber i>ort8.
14,00o|l.394,0u0
Total
Atexajutrta, Mgirpt,
Jan.
3,000
2u,000
979,000
217,000
1,000,
7,000l
«H2,00O
172.000
23,0'JO 1.196,000
S.OOOl
894,0«»
1887.
Sept. 21.
Receipts (oantars')—
Tins wi'ck....
Since Sept. 1
12,000
26,000
8.000
12,000
To Continent..
Total Europe.
A oantar ia SS
*
Inch.
««.
Sew
Orlpana
..Al)ove loir-water mark.
Memplilg. ......... ....Above low-water mark.
Ka8l>viUe.............Abuv« low-water Djark.
8hrevei>ort...
Al>ove low-water mark.
Vloksburg........ ....Above low-water mark.
3
5
\BrU'n.
nent.
2,C00
1,000
4,000
3,000
1,000
1,000
1,000
2,000
1,000
3,0001
7,000|
1,0C0
l,O0O|i 1,000
3,000
lbs.
Manohksteb Market.
to-nighfr
is firm for yams and
the prices for to-day below, and
leave'those for previous weeks of this and last year for comparison :
steady for shirtings.
We give
1887.
32« Oop.
TwUt.
d.
A'g. 19
2«
Sept. 2
" «
" 16
" 23
'•
•4
<1.
371518
7I4 I»7'6l8
SH
1886.
Shirlinge.
d.
8
oe
d.
A.
8.
7is<»tf
7>si»6
8I4
A.
d.
i.
57i6 7
!>^
7
»
9
5>«96 9
7Ja»6 9
CMi'f
Ibe.
SMrtingi.
«7Ja 5 6
91^ 6 6
6iSt6»7lu'5 6
6»5|e<»77i«|6 6
7
«7>« ift ti
7J6 t»788 '6 7
10
7'sa6 9
714 »71B,«
7I4 3715.,
7'4a7l6i6
OotVn
Hid. 32( Cop.
Twin.
Uplde
lb:
7l4ai7U„
Upld»
d.
B.
«6
AO
99
ve
«6
•%
6^
6
8
before, that this division
4
5
but
4
4
ft
6
9
—
ShipmetiU Since Jan.
I
Britain,
1.
Conti-
nent
Total.
3,om>i40l,0Ool0l;^,OO<i 1.107,000
3,00011, r>48,0(.0
not accurate,
For compariBon
t;-
80. Car....
. .
400
4*5
800
60
Florida
Alabama
.
Ulsslsslppi
Loulslsma
According to the foregoing, Bombay appears to show a
decrease compared with last year in the week's receipts
of 1,0U0 bales and a decrease in shiDments of 1,000 bale^, and
the shipments since Jan. 1 show an increase ot 48,000 baiee.
The movement at Calcutta, Madias and other India ports toi
the last reported week and since the let of January, for two
is
Slates.
No. Car....
Year.
the States
PBOOCCTIOK OF EACH STATB FOR YEARS NAMED~(0OOs Omitted).
Receipts.
Thi*
Veek.
among
believed to be approximately correct.
add our estimates for previous years.
is
Georgia
2,0i
—Our report received by cable
8
Inch.
3
1887 ....
2.0
2.000 3d^.uoUtitl4.U<.K. 1,027,000 4,00u|1.4.'^t),<XHl
1886 2,000 1.0001 3.om) 31 7.000 '>»12,000 979,000 5,00011,3^7,000
i)!t2,000
1885 l.OtiO
l,000i-il9.0O0k»i.f,000
682,0t'0 4,000
18841 1.000
Sinea
Sept.t.
This statement shows that the receipts for the week ending
and the shipments to all Burop*
we
Great
Tolal.
This
week.
5
Feet.
1
Below zero ol gauge.
IhUmek,
\
Cotton Crop of 18:0-37 Apportioned to Statbs. In.
response to several requests, we publish to-day our nsua
table showing the cotton production of each State for the
crop year just closed. We repeat what we have often said,
India Corroa Movbmskt FaoH all Fobts.—The receipts
ftnd ahipmenta of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Sept. 23.
BOXBAT asoBiPTs un) satPMBirra fob kxtk til/lbs.
IShipments
11,000
20,000
Thie
Since
week. Sept. 1.
I
Exports (bales)I'o Liverpool .
1895.
28, 1886.
Stpt. 22, "87. Sept. 23, '86
Tear Oreat Oontt-I
week.
1.
1S86.
Tli-ie
Si7iee
tceek. \Sept. 1,
—
"
glnet
Jan. 1.
week.
ALEXANDRIA Bkobipts AND SHIPMENTS.—Through arrangements we have made with Messrs, Daviee, Benachi & Co,, of
Liverpool and Alexandria, we now receive a weekly cable of
Che movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for tba
corresponding week of the previous two years.
—
and Sept.
18eS
TMt
Since
from Manchester states that the market
Sept. 33, 1887,
didia.
1886.
1887.
the lowest 03.
Atlanta, Qeorgia,
—
99.009
The above totals for the week show that the movement from
the ports other than Bombay is 8,000 bales less than the aam»
week last year. For the whole of India, therefore, the total
ihipmentfl since January 1, 1887, and for the correepondioft
penods of the two previous years, are as follows:
Sept. 21 were 13,000 cantars,
3,000 bales,
Albany, Qeonjia.—^o rain all the week. The crop is turning out better than expected. Tiie thermometer hai ranged
from 08 to 95, averaging 80.
Charleston, 8outh 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 05.
Sia'ehirg, South Carolina. We had a good rain on Thursday night, the rainfall reaching fifty- seven hundredths of an
inch.
Picking is actively progrepsing. The thermometer has
averaged 71'6, the highest being 93 and the lowest 60.
Wilson, North Carolina. Telegram not received.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
TUtU.
90,000
89,000
Augusta, Georgia.— There has been no rain all the week.
The crop is developing well and picking is progressing finely.
The thermometer haa averaged 74, the highest beiog 89 and
—Telegram not received.
Owunmiu.
Britain.
1,000
1,000
2,uOO
i?U::::::
tirtai
ntal.
1.000
IH87
1886
All others-
OtfUm^
Texas
6
9>0
50
4£0
505
441
494
9-0
60
065
o;s
800
55
59'
4>).M
do-;
84('
tto
00
420 455
443 508
768 940
60
57
575 737
803 1,098
495 510
435
4U9
798
43
1,100 1,467
1,355
9!»l
650
360
50
32t
41
675
335
50
Total..., 0,.'>iA«.Vit 3,061
i.7 14
,4»<
Arkaniias..
7^4
Teuneflseo
All otUvrs
370
45
53!-
U9J
376
56
581
OP
4G0
575
937
60
730
895 1,015
485 529
855 1,178
525 675
300 380
50
55
390
523
814
65
700
956
507
804
607
831
70
340
470
750
60
595
805
400
784
520
29«i
eo
6,992 5,436 «.580 5.757 5,074
J
81X
THE CHRONICLE.
408
Weather Record for Auodst.—Below we give the
rain eau
AM^)USt,
May.
June.
Jvly.
1887. 1886. 1886.
1887. 1886. 1885.
1887. 1886. 1886
May.
1887. 1886. 1885.
Uainfall.in
Days
rain..
Memphis. —
Rainfall.ln
Days rain..
Aahwood—
rain..
Days
YIKOINIA.
Days ruin..
». CAB'NA.
IM
8-32
6-18
8
lb
20
2-72
11
8-33
3-48!
5-34
17
14
8
3-22
IS
8-56
19
10
8-21
8-8]
6-62
14
1-18
10
14
13
16
»
8-07
7
2-11
8-63
14
5-06
6-75
12
3-25
7
8-47
4-44 11-04
S-48!
6-41
8-58
»,r
19
21-12
4-04
17
16
(
9-88
14
4-S8
B-87
16
16
B-88
5-02
1-32
1
Balnfall.ln
rain..
9
12
6-27 10-40
10
1
OiaTlottt-
3-66
12
8
8-06
6-30
1
Kainfall.in
1>aysraiu..
3-64 11-04
rain..
Rainfall.ln
rain..
16
9
14
10
18
11
Balnfall.ln
2-76
1-45
4-23
4-03
6-37
10
2-77
4-26 14-00
16
7
2-82
4-54 10-78
14
10
6-16
13
4-39
tain..;
9
4
IS
7-60
2-18
13
5
9-25
11
4-28
i-oo
2-20
15
6
10
6
Morvanton.—
Balnfall.ln
rain..
8
8-26 11-62
11
12
6-70
9
9
3-72
20
IS
305
1-04
806
1-68
14
2-11
11
11
10
18
2
2-60
318
1-26
6-20
4-10
2-8S
Rainfall.ln
Days rain..
Clebxbrne
8
12
l.'S
4-Ul
10
13-18
6-17
3-24
rain..
Hainfall.li>
lia^s rain..'
—
Balnfall.ln
Da^s
rain..
1
9
13
14
5
6-00
11
7-94
3-20
5
14
'
5-88
7-74
IB
12
12
4-46
14
7-49
13
8-28 19-18
IS
IS
6-14
4-61
6-77
8-97
1-22
18
6
9-20
17
3-44
12
13
15
IS
9
ruin..
3-63
313
4-34
2-10
S-35
3-22
4-90
4-76
8
10
15
7
12
10
15
9
5-67
11
3-84
6-58
10
3-&9
7
9-21
....
...
8-40
6-60
8
11
6
801
6-53
3-97
5-75
4-83
9
8
9
9
6
6-04
19
1-61
6-29
10
4-79
10
9-65
2-80
11
8-83
16
AOun.Rainfall.ln
rain..
8-031
10
13
Columbia.
Balnfall.ln
rain..
Balnfall.ln
....
....
7-01
2-69
19
12
4-98
2-12
2-70
12
8
12
10
rain..
;
i-:6
Days rain..
Savannah.—
6-88
11
17
I
7-51
12
Highest.
621
8
12
....
SKU
6-83
12
2-C9
5
220
»
16
9
4-84
0-03
6-41
8-28
2
10
8
6-18
14
S-28
5
6
1-62
10
1-20
7
0-30
6-08'
2-87
2-37
2-07
2-97
8
8
10
4
3-45
9-82
0-93
2
701
O-2'l
3
11
8-80
11
11
,
7-231
10
;
9-02
13
13
12
4
3-60
14
4
6-08
11
0-07
6-43 t2-4B
1^
11
1-74
3-31 -H)-S3
3
12
1-52
1-87
8
8
1-60
4-57
4-94
9
9
13
7
6
2-17
588
8-17
1-82
I6-.S0
6
3
15
7
5
13
10
9
8
1-38
11
1-60
0-92
5
0-63
*
3-24
1-68
3
3
6
10
2-27
6-12
o-oe
10
0-81
2-II9I
6
10
6
t
1887. 1886. 1885.
9
6-81
11
8
2-73
4-37
6-12
2-82
15
7
1-87
4-83
8-68
4-02
7
18
7-02
7-88
11
4-72
14
22
13
21
9
7-24
8-n
17
July.
Auguist.
1887. 1886. 1885.
1887. 18S6. 1886.
2-36
6-91
3-98 10-76
1-80
10
11
8
7-32 14-3S
16
15
75
49-0!
4B0
72-3
70-4
81-0
51-0
03-5
94-0
300
89-0
61-0
Ti
Highest...
Lowest...
Average..
88-8
55-1
72-7
940
Lowest
2-59
6-69
10
10-97
4-06
4-08
8-04
6-64
7-74
Average..
12
8
8
7
6
9
2-95
3-65
11-06
2- £
285
8
8-86
10
2-WS
e
9
10
7
1-17
4
3-13
405
6-47
10
8
13
6
17
7- 15
2-81
9-(18
478
14
3
7-7"
14
15
IB
Average..
Baintall.iD
rain..
3-43! e-73
5
6-89
Borne.—
Bainfall.li
rain
luanfall.li
Days rain.
5-90
11
...
....
16
3-06 11-13
ialntall.il
Days rain..
,
Cedar Kevt.-
;
4-4r<
0-71
7
4
3-29
1-88
8
4
3-48
10
8-85
11
Balnfall.li
Days r&ln..
eanford—
6-63
11
6-3)
10
|
3'Si2
13
0-88
4
4-99
18
1
6-12 11-08
18
21
2-80
2-15
4-70
6-00
7-75
5
6
8
10
10
284
2-95
8-92
3-31
8
8-61
20
6
13
1-27
5
8 01
la
694
11
3-27
11
RainfalMn
Days rain..
2-20
9-90
4-15
4-11
9-71
9
8
11
s
14
Bainfall.ln
878 8-69 r44
!i»-0
80-6
83-9
78-9
78-7
9s-0
58-0
80-5
92-0
68-0
80-8
9.'!-0
>-6-0
92-0
950
02-lJ
4811
".1-0
83-1
BSO
78-8
1)80
77-8
89-5' 96-4
66-7, 64-0
97-9
.'57-4
77-5
77-3
79-8
81-7
75-1
53"
102-0
60-"
89-0
B8-7
83-8! 107-0
64-8!
60-0
8567-1
6<-6
7-2-8
73-4
7,Vo
78-1
78-8
8*0
480
99-0
90-0
93-OI 103-0
52
62-0,
BBO;
65-9'
7B-2
75-0
76-4
Highbst.
Lowest
430
670
16
11
15
86-0
(^4-0
6-45
70-8
48-0
71-5
16
8
7-08 10-09
12
18
Lowest...
Average..
620
8-17
Highest....
890
93-0
5-91
8-87
5-50 10-23
Lowest
10
65-0
74-4
4«0
13
91-0
53-0
72-e
88-0
52-0
70-0
101-5
890
t^e-o
640
62-0
75-0
62-0
459
97-0
47-0
72-2
91-8 103-2
47-0
69-1
70-0
78-8
91-0
44-0
69-2
83-0
4«-0
66-1
83-0
53-8
730
"
17
i
15
26
9-40 11-72
12
2i
21
0-72 14-48
13
5-88
17
20
7-82 10-21
14
26
14
16
12-45 14-30
6-tS
2-47
11
IB
4-19
6-75
12
19
6-56
3-73
7-75
11
23
IB
8
10
8-87
IJ
4-32
10
8-66
15
3-37
10
7-54
204
7
5-37
11
3-93
16
4-18
14
4-31
6-59
18
3-81
4-31
8-65
6-07
16
8
12
20
1-38
10
4-85
19
4-65
5-ee
1-77
3-25
8
9
2C7
....
....
20
16
9
7
14
8-16
§
14
s-so 21-08
11
20
3-96
3-07
9
6
B-IB
0-08
8-77 11-33
11
15
.
—
...
Average...
Highest...
Lowest
Average
..
690
78-8
119-8
67-0
79-S
900 1010 960
48-0! 6-.i-0 620
739 78-5 79-0
92-1
64-7
79-8
92-0
6i-8
77-5
94-8
rtrt-0
81-9
92-0
39-0
78-3
92-0
67-0
76-B
82-0
92-0
66-2
78-2
93 2
85-0
67-0
73-2
84-9
67-0
SO-0
r.5-3
78-5
95-0
8001 64-0
77-2 78-2
96-0
94
650
786
63-0
79-8
22
960
740
103-5
67-2
80-7
94-4
99-0
1038 97-0
625
61-:^
75-5
77-8
57-1! 60-0
6i)-«
'5-9
72-3
76-4
80-6
54-5
73-3
99-7
60-0
77-1
93-2
66-5
7u-8
95-0
95-0
71-0
81-0
920
90-0
67-0
7o-0
64
-t.
80-0
95-8
66-0
76-6
OBOKUIA.
Aumuta.—
Lowest
4-40
14
1
6
10
1
6-80
4-32
10
16
5-24
10
3-45
11
8
2
3-8e
9
6-50
1-60
6-12
8
2
7
8-52
0-25
2-90
7
1
8
9-30
3-80
7-85
4-35
6-16
20
12
20
17
20
4-lH
6-77
3-85
4-St
12
;;;
2-40
4.(^5
13
18
4-00
11
8
10
2-68
11
5
3
e-Td 11-31
10
14
6-64
6-63
8-07
6-Jl
1-87
1-62
8
7-57
13
13
8
Q
3
6-26
5-84
11-15
4-62
4-41
3-27
4-31
VZ
8
14
7
8
6
4
2-79
7
3-35
9
2
2-42
1-04
80
10
4
15
8-60
0-92
10
2-79
Average..
Atlanta,—
Highest...
Lowest
Average..
73-7
88-7
67-1
72-0
68-8
81-8
62-8
77-9
93-0
66-0
77-3
80-2
101-4
61-i
80-7
99-2 100-6
;-9-8 60-7
78-8 77-6
99-1
63-7
79-2
9rs
94-0
62-0
76-0
91-0
BO-0
76-7
94-0
69-0
81-1
68-0
78-2
Highest..
Liowest
Average...
ColuntdiM.—
Highest...
Sfl-0
56-0
72-5
85-J
611-0
MO
860
Lowest
Average...
77-0
73-0
50-0
70-0
94-0
95-0
43-0
71-4
90-0
44-0
68-8
94-0
64-0
77-8
90-0
85-U
45-0
86-H
H8-0
«9-0
78-0
114-0
79
80-(
101-6
B9-0
80-4
102-0
72
0,
8<-0
920
95-2'
97-5
69-0
80-6
03-4;
630
93-2
B5-8
8^-5
78-8
799
91-0
H6-0
85(1
6711
95-n
8O-0I
BOO
8l)-0
90-0
70-0
SO-0
690
90-0
65-0
78-0
Mil'oertU*.—
Highest.
.
Lowest
5IS-0
Average..
74-3
60-0
79-2
95-0
64-0
80-0
90-0
61-0
75-0
93-0
60-0
710
77-0
92-0 102-0
61-0
73
78-8 81-B
91-0
94-11
9-1-0
68
Bri'
80-8
6i-0
98-8 100-3
67-8
1193
81-8
93-7
70-2
80-9
94-Hl
87-6
6S-0
BO-3
91-8
91-7
710
700 687
82-1
75-0
96-0
74-0
83-6
91-0
95-(i
97-0
71-0!
7»-8|
65-0
79-8
69
81-8
94-0
70-0
79-1
98-8
67-9
80-6
93-3
94-7
91-4| 94-4;
84-9
66-8, 70-0;
78-1 79-6
(19-4
67
BO-8
796
79-7
93-0
75-0
78-8
890
91-5
91
72-0
73-0
71-51
83-01
7rt-0
8.
94-0
70-0
82-0
92-0
73-0
81-0
98-2
63-0
79-f
ion-4
70-4
78-7
93-0
65-3
79-6
98-0
63-1
80-2
79-3
97-8
61-4
80-0
95-4
61-9
78-7
9.1-0
97-5
08-0
80-4
930 870
B4-8
78-8
66-0
65-
67-4;
79-7
79 9
79-9
94-2
69-0
79-0
93-0
68-0
79-8
90-0
95-0
7<!-0
60-1.
81-0
S3-r.
91-0
61-0
78-4
83-0
94-1
96-0,
91-(l
63-0
8U-6
62
HB-Oi
81-0 5«-0
96-0
H5-0
780
780
800
94-0
65-0
79-8
B<)tnt.—
Highest.
.
Lowest
Average...
Fjrsytk. —
Highest...
Lowest...
Average..
91-0
54-0
73-0
460
H2-0
Bs-0
74-9
90-0
8u-0
72-6
t-6-0
81-3
65-3
73-«
86-7
09-0
62-0'
««-ll
70-4
79-7
92-0
68-0
78-4
91-8
55-8
75-8
89-4
55-5
91-1
64-1
94-3
66-8
73-71
779
80-7j
101-0
98-0
7»-B
95-0
B3-0
8«-0
803 797
95-0
64-0
78-2
83-8
Bl-v
80-4
94-1
70-3
80-7
1-2-7
91-0
70-2
8i-0
es-0
68-U
FLORIDA.
2-89
s-ti
8-32
5-20
6-42
4-SB
4-0.
10
8
9
12
18
9
10
3
8
5-40
1-62
...
2-8U
B-63
21
2-90
4-11
1-68
6-61
lu
17
9
16
2-44
10
8
8
2-50
1-15
3-HO
8-10
9-20
2-50
8-2(1
3-70
5-50
a
17
9
13
7
11
1-90
12
2-88
7
1-30
2-20
2-80
3-70
7
7
3
1-8,
3-30
1-21
4
7
6
n
10
i-89
4-32
3-20
JaclwonviUe.
Highest...
Lowest....
Average...
Cedar KeyM.Highest.
1-20
8-25
8-74
4-81
2-10
6-08
2
6
5
13
6
8
s-e7
ti
0-45
1
2-30
4-4*-
10-00
3
10
15
<!larkKiale—
BalnlalMn
Days rain.
&otttr.—
4-60
B«lnfall.ln
2-76
4
0-98
10
....
....
....
7
'.'.'.
....
....
0-20
1
....
2-8
4-99
9
*
6-97
11
6
1
1
S-76!
8
....
...
...
...
.
118-9
751
88-8
63-8
78-7
90-11 91-8
6B-4I H8->.
—
86-8
5m'2
74-0
Sl-S'
5B-»I
74 8
80-4
81-4
8-i-B
Highest....
84-0
BOO
5O-0
72-B
91-0
56-0
74-2
92-0
6i-0
71-3
i-a-o!
ft2-0
92-0
70-«
flrl-O
90-7 931
•57-6
54
78-8 74-4
93-0I
94-8
94-7
61-2
73-9
64-4; i>50
77-Bj 78-S
8S-0
63-C
75-6
92-0
Lowest
157 01
Lowest
Average...
Sanfnrti—
Highest...
Lowest
....
Average...
7-30
9
6
68-2
6n-0
79-8, 82-
92-1
98-0
73-4
70 6
82 4
88-0
66-0
76-1
900
600
Highest...
—
92-1
Lowest
611-1
93-0
49-7
73-7, 72-7
48-1
70-1
Highest...
91-2
66-4
7S-9
61-7
72-2
62-B
71-7
910
8S-0
48-0
«H-0
Highest
Lowest.
....
....
lylttit Ilock.-
..
Average...
bo-s
j
96-8
68-0
78-4
lailaiuwiee -
...
7-5
801
Average...
archer
.
e
Balnfall.ln
Daj 8 rain
76-9
920 920
580 «:j-u
99-6
Average..
8-10
h—
75-1
96-0
90-2
51-0
72-7
Stateburg.
Highest...
BainlallJn
rain..
4»-»
72-8
7-56
lb
8
Balnfall.lc
78-2
Oharltiitmi,
fl-25
3
Ralnfall.ln
77-5
920
78-9
76-5
5-76
8-90 17-97
8
Days rain..
Beltna—
75-7
6n-li
74-8
7-ie
8-98
10
Days rain..
AKK'Ni<A8.
93-8
91-91 98-3
66-4; 72-0
75-3
56-1
<2-6
02-0
7-30
18
rain,.
68-8
7B-3
716
PacoM-
Kaintall.ii,
Days rain..
Bainfall.ln
92-S
Bd-«' 60-2' 60-0
7a-0; 77-o; 79-7
95-0
92-0
5-S8
10
.CMuniMu.—
Days rain..
t^land—
77-9
94-n' 115-0 98-0
56-0' B3-0| 58-0
91-0' 94-0
B7-0| Hll
3-49
14
•lISSls'Pl.
0remvau—
74-3I
iSawMinoft.—
^rtf. Coteau-
rain.
1
92-8' 94-8
B4-4[ 60-2
lOO-O
62-0
80-5
87-0
49-0
5-42
12
Irf)DI8'ANA
Mew Or(Mn»-
Brookluivtn-
98-.
78-11
CAROL'
Highest...
13
RaJnfall.ln
94-0
62-2
80-7
5B-;>;
Columbfrt—
306
Days rain..
Vidaburg.-
94-5
66-0
78-6
81-0
11
12-35 11-45
20
3.
—
8
^Montgmn'y.—
Rainfall.ln
98-8
39-4
80-5
91-8
76-1
640
101-n
r«-0
84-2
10
ALABAMA.
rain..
1
94-01 92-0
58-0; BO-0
77-3, 78-8
9
7-81 10-98
U
Aforyaittoii
990
4-04
.Aftker-
Bainlall.in
65-3
80-7
63-
4-2K
i
RalnfHll.ln
Days rain
rain..
90-8
60-4
70-6
12-70
rLORlDA
Balr.fall,in
63-8
4-61
Jackso7.vilU-
TJays rain..
J^OienyUtil-
103-0
h8-0
80-8
72-1'
317
H
12
MWacviUe.-
rain..
65-6
80-9
88-0
8
£hreveiK>rt.—
Balnfall.ln
76-4
92-0
Highest
Lowest..
Balnfall.ln
75-3
96-0
48-0
74-S
Average..
Ulghesi...
7
rain..
93-0
58-2
100-0
f.6-3
45-0
68-3
Luwest
4
Avbum-
92-2
75-8
90-2
4-36
rain..
079
630
89-7
56-6
10
Bainfall.ln
102-S( 92-2
87-0 101-9
45-2
53-8
75-2
b;-4
7-38
Days rain..
JfoWb.-
96-9
55-8
74-3
930
16
Balnfall.ln
93 8 67-9
98-2
56-6
71-3
73-1
Charlotte-
15-61
Days lain..
95-5
95-0
62-0
75-0
5
Balnfall.il
84-4
46-8
65-1
660
94-0
61-0
7S-2
6-09
Days rain.
87-0
44-7
97-0
54-0
74-2
6-49 10-42
13
8
'3allahanaeeBalnfall.ii
90-0
49-5
67-8
480
13
}
8
7
86-0
6-80
8
Days
10
6
9
S.-.-0
5
Tort Smt
1-85
•2-93
48-0
63-8
.
Lowest...
Average..
6
DaTB
4-50
7-37
91-0
62-0
70-6
ITeMon.—
Highest
3-88
10
2-47
Days
4-73
14
1-29
61-3
70-1
S
Days
2-33
10
7
4-78
47-2
70-2
Average..
11
Days
3-6t'l
10
67-6
47-0
71-1
Lowest
4-83
~i
l.owe8t...
Avcraffe..
4-20
Days
0-97
8
VIRGINIA
RalnfHil.ln
Days
3-34
11
NorfoUi.-
Days rain..
rain..
SAma-
1-70
2-54
10
1887. 18S6. 1885.
Columbus.—
Days
6-49
irtlsoM
Balnfall.ln
Days
4-81'
2hermomet€r
Highest..
Balntall.lD
Days
5-62
7
N.CAR'LA.
WHminsUm-
Attanta.-
.Days
8
3-30
14
1-02
ObseirvatioDS lakeii on eleven d lys tnly.
Kaiu ttnuije ui sot during the storm and about an Inch !o.~t.
18
SEORGIA.
AvguMa.—
Days
18
3-32
11
8
iuappr<-ciabl6.
lllKliest..
Balnfall.ln
Days
5-50
7
AutA%n—
10
1-44 13-23
Rainfall.ln
Days
2-89
12
[
etattlmra—
Days
5-261
7
May.
rain..
Pacolet—
Daya
1-90
j
e.CAKOL'A
lOiarteatfm—
Balnfall.ln
Days
3-77
16
Srvo
11
Days rain,.
Fort EUint—
6-34
j
5-68
11
7-69
14
Rainfall.ln
18
i
1
—
....
1
2-31
12
TEXAS.
Days
Days rain..
Weldon.—
Days
17
4-36
11
Qalvesttm.Palestviie.
Rainfall .in
Days
1023 2-38
1
WUmingt'nr-
Days
4-23
12
2-10
14
3-43
A ustin—
Kainfall.in
Raini^ll.in
18»7.
TBNNKS'B.
Rainfall.ln
1887.1 1888. 1885.
July.
1886. 1885.
NashviVe.—
Days
BainfatL
June.
RaintaU.
1
«nd thermometer record for the month of August and previous
months of this year and the two precedmg 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.
Vol. XLV.
I
73
92-5
70-0'
72
80-2
82-0
i
81
700
ALABAMA
HontQOTTi^y.-
6-08
1-08
3-99
16
7
8
2-20
14
8-92
3-81
16
10
2-98
9
2-63
1-48
1-29
6-31
5
lu
13
16
2-75
11
6-61
0-38
2-58
2-30
6-08
4-88
14
4
7
13
IB
U
Ktcords deati•eyed byfl re.
1^74
2-81
0-W
5-28
2-17
10
6
8
8
4-11
2-37
5
3-20
13
8
S-7^
11
2-26
11
26S
2-48
12
8
6-4.'J
1-.38
10
.!!.
1-8 i
2-B9
10
10
Average...
8S-8
102-0
61-B
79-8
77-5
93-3
B2-B
77-7
96-3
65-4
77-9
9.V0
B:i-9
96-.^
581
JfofcOs.—
Lowest
Average...
Mima—
8S-9' 86-4
Highest...
88-0
Lowest
88-0I 31-0
—
Average...
73-0
73-0
63-1
790
94-0' 95-0I 91-ol
6I-0; 65-0| 63-0
7.-9
780
7.-<-l!l
92-7! 94-0
93-0
750
93-0
70-0
80-0
I
SBPTKMBEB
THE CHRONICLE
24, 1887.
1887. 1886. 1886.
1887.
mpeolaliy In the uplands, where
AutUtl,
July,
3fav.
Ihermonuter
Tao
1886. 1 1860.
ALABAMA
^u6um
—
HiKbmt...
Lowest
A vrni;rn.
.
"I
I,
»V.
flI-0
740
TU'il
08-0
00-9
W)-7
S7-4
470
on-n
78-0
90-0
91-0
IM-O
70-0
000
1
91-5
62-0
99-0
9J-0
91-0
8'4-0
S9-5'
6-i'5
b;i-»
75-0
880 778 78 01
77-7
78'9, 77-5
01-7
71-8
88-2
06-8
'...-.-
Ml;.!..
..
.1
l..i»rM....
Avi.if.'...
M'l
711-K
87f
99-0
91-9
«or.
*-« Too
789
78-S
Shrf.!""r,~
78-7
70-(l
98-9
70-M
80-5
,»B
»|-7' 93-8
03-6
7»-5
82-8
I
118-8 100-4
99-7
ntf-O
rt5-»
l',0'2
82-4
81-6
82-7
101-0,100-7
61'8 8:-8
880 81-8
100-7
97-8
75-41
75-H
71-«
8u-V
HJ'U
78-7
65-81-1
IMfli.-l...
89-2
(•n-H
87-7'
90'
91 -e
981
94-6
985 0S«
93-8
0M-(
81-5
6»-3
8J'8
8'1'
88-1
8ii'9
««-o
inia
9«-0l
110-
BU-.S
I...«r^l...
557
«.l-4
fiB-0
7fi: 7V5 74-7
77-B
78-7
Bsn 800
««« 080
99-0
7a'0
00-1.
B^-0
91-0
71-0
7fl-5i
80-3
76-7
84
91-0
Ml-0
86-8
01-U
73-0
85-0
bO'ft
800 870
8»-»
88-0
BO'C
70-4
90-0
4.T0
94-Oj
96-0
52-0
70-0
99-0
62-0
76-0
96-0
«4'0
eO-0
96-0
9S-0
91-0
96-0
580 600
7o-0 810
580
79-0
062
609
91-8
88-4
01-H
65-8
88-7
84'4
808
98-0
I,.,w...|
Av.t;!.;.'...
~t.,..
.
90-0'
6rt'4
94-6 98-6
71 8' eH'O
83-0 82-0
81-8J
Ui..r'.:i:ii^
I.i.nr^i ...
Avoi;i.;o..
89-8
80-4
67-8
81-4
A VLMIIV.'...
Or'./ fnl.<IU-
lllk-l""'t ...
lUfl
97 6
\ A.
I-
"•
88-0
770
93'.
;m-(i
93-0
79-11:
910 010
71 0, 700
8<-5 830
MlSSI-^^'l'l.
Ouliuii.'....s.-
Ul(ihu:il...
Lowem
...
Averaya..
.
Viektbur^^
HlKheat.
.
Ijowest ...
AveraKe...
880
4401
70-01
00-6
99-1
97-8
931
5»l
5011
78-S
648
74-9
78-
6.V8
7o-4
H8-0
90-n
80-8
87-0
54-0
94-0
90-0
ftli'O
68-(
flO-0
Aven.Ln....
7ao
•.00
«9-0j
75-0
75-0
95-0
5«-0
78-0
&rt€itPiUe—
HiKhest...
Lowest....
91-0
BOO
94-0! 87-0
5a-0l 40-0
ATsrsKe.
97-0
Ol-d
79'0
9B'0
«4-0
74-0
91-0
70-0
84-0
99-0
90-0
...
I,.!".'.-!
76-0
75-0
88-0
Lowest
470
91-0 88-0
47-0 45-0
70-8 5tf'l
91-4
B4-1
90-8
072
881
799
80-4
81-8
79-8
6.VI1
BO-Ol
04-0
6U-0
78-0
780 780 730
95-5
70-0
88-0
960
96-0
64-0
93-0
65-0
888
96-0
87-0
8i-0
94'0
84-0
79-0
94-0
67-0
7S-4
9S-0
63-0
78-6
94-0
88-0
81-0
98-0
60-0
79-0
94-0
8i-0
79-4
96-0
60-0
79-6
050
oa-o
550
76-0
78-7
94-0
48-0
7»-»
96-0
62-0
75-1
96-0
65-0
79-7
HlgtaeBt..
flft-0
980
Lowest
AreroKe
66-0
74-0
99-0
68-0
80-0
Wofter—
dS-O
SfO
67
.
.
ATera«e..
B€i9nft—
HlKoent...
Lowest
95-0
50-0
73-0
87-0
45-0
67'C
96-0
59-0
92-0
81-0
76-0
98-0 lCO-0
5»-0l B4'2
780
96-0' 90-0
8s-n
9«-0
98-0
93-0
oro
4601
88-o!
«8-(i
660
67-51
70-0
76-5
79-0
68-0
81-0
89-0
Da-0
71-4
ni'.-O
..
AveraKe..
64-0
0-0
77.(1
09-0
68-0
83-0
94-0
67-0
80-0
9H-0
87-0
83-0
94-0
K4-0
96-0
80-0
81-u
80-1
.
W-0 98-0
820 BUO
80-0 BOO
97-0
62-0
fO-(l
M8'6l
i.l-R
97-0
94-8
93-0
«0-0
7U-6
4«-;if
41-5
73-O1 65-«
57-1
S9-2
B|-(l
7B-8
788
73-6
96-1
91-1
55-B
92-1
60-2
76-4
86-.JI
93-0
63-4
75-1
95-7
99-0' 96-2
84-1
«7-3
80-7
04".;
7Wb
79-8
890
96-0
97-0
58-u
73-0
82-0I
700
70-0
80-5
»6-0
60-0
87-5
1000 98-0
1010'
«5-0
bl-3
980
98-0
6-20
so-0
81-0
104-a
6..-8i
?90
80-0
81
97-5
57-1
77-2
TENNES'K
IfMhvilu.—
Highest.
Lowest
..
Avcratie..
fiffmj' '!:-.—
'.r:-':
•
.'
..
50-2
70-7
Ashwooit.
—
HiKhust..
Lowest...
AveraKe..
Justin.—
Hinhest.
Lowest
Arerage...
83-S'
41-7:
52-(l
85-8
74
90-0
51-1
71-5
90-2
41-5
68-4
966
87-0
64-0
74-0
88-0
86-0
44-OI
420
68-0
67-0
96-5
56-0
75-0
90-0
58-0
79-2
91-0
44-0
69-9
88-U
S7-0
59-0
600
ees
7il
74-7
91-0
59-0
78-0
f6-
86-8;
R7-7
9-2-0
«0-4
74-B
580
87-6
68-2
79-9
90-0
56-9
75-M
91-9
48-6
7S-1
02-3
58-8
78-8
87-4
61-4
8»-4
96-4
96-7
85-0
77-9
91-6' 101-S
80-5
61-2'
99-0
3M-1
66-0
iw-o
43-0
69-7
82-0
94-8
67-3
73-0
95-6
9.V0
54-0
72-2
5H-H
78'4
9a-0
50-0
74-2
94-0
5a-o
90-0
4B-0
94-0
640
98-0
B9-V
78-8
77-2
93-0
62-0
77-9
98-0
70-U
86-0
101-5 101-5
9'i-O
WB
73-2
55-B
77-0
1
50-
80-71 77-0
081
54
Av.T.i-^e!.'
01-8
44-7
74-0
99-3
97-'
578
F«-7
78-6
758
96-1
6«-5
7;-3
98-3
84-u
61-7
97-8
eu'4
59-.'i
78-ft
70-3
98-0
58-0
82-0
9t-0 9S-0
9657'c
78-5
980
550 820 600
78-8
79-
78-8
81-7
77-4
79-3
93-4, 98-5
0I-5
75-1)
91-3
71-4
83-1
94-4
67-9
82-0
83-2
98-5
7a-3
84-2
88
950
B4-H
80-5
C9-5
80-9
TEXAS.
Galveston.Highest....
Lowest...
AverttKe..
76-2
678 78-4
80S 840
67-2
82-9
P^utint.—
HiKhest.
Lowest...
ATeraiie...
fort Elliot—
HiKhest..
Lowest...
AveniKe
.
60-9
77-1
830
59-3
4>-7
78-2
I
Lowest...
ATeraKS...
HiKhest..
Lowest
.
Avenii-'e.
;
Eeti)i-il8
100-5
51
07-5, 89-6
80-3] 560
B6-0 87-0
7«1 79->)i 70-5 82-3 8401
destroyed by Are.
9r5
648
9«'
9S-8
68-9
77-2
565
97-0
9S-0
98-0
6-0
74-0
640
.18-0
86-0
83-2
5r5
7.-0! B8-3
83-8
85-«
98-5
68-5
81-0
9S-5
50-4
76-0
M)-8
790
99-0
950
7U0
83-2
71-1
98-8
65-4
81-2
1017
Clebumf—
HiKhest...
81-9
•
81-1
101-5 103-5
lOi 7U-(1
63-5I
83-6il "7-4' »7-5
84-0
80-4
74-6
re-
ports for Auuu8t, 1887
c.—Tlip' croyip, I learn, are very good exoept to few
...utfwliat injured hy ovtrfl.iw.
"iru, S. <7.-l>ur!ng tiieein-ly part of the month there w»ro some
he
vc.i^ bt-iivy wa.<bing raiLS wbiph. howover, lUd llitl*^ diimaije.
weathei hsB b.-en RPiierally 'nvnrable For ull erops «nil the cL'sinu dais
of ilie inoiuh have, been remaik.>bly Hue for cuttoa picking, wUuU is
R(.r;\
(>r. uiesstu?.
Inn, S (7. -Closing days Of the month onasaally cool, retarding
ir>tftn, iV.
:,...
i
I
..
<
i.."i
.
I
:
_•
..foiiiton.
— We
had nine showers through the inonth but no
au abundant corn ci op. (Jutton erop uboui
0(1.
have
iiim.
There will be
/i,
I
Co'iou not brought
over.
1
In.
ooa'io diutofno
•
1
The area damaxod was greatest
audsoaihetn
in lhlscoaoiy,e«peolaUy the central
parts,
—
EaTPTiAN Cotton. We have received this week another
interesting letter from our correspondent at Alexandria, respecting the cotton crop in Egypt, which we have traaalated
and give below
Alexandria, Sept. 4, 1887.
Mensrs. William B. Dana & Co., New York :
Fortunately, for some days this week the Nile has been stationary and, except at a few places in Upper Ejtypt where
the dikes have given way and some thousands of feddans
planted with corn and sugar have been inundated, no overflows have occurred. It was reported that in the neighbor-
white cotton, and Denouk, a dishad burst, but the reports
were found to be without foundation. So far the crop has
made good progress, and no fogs have been announced. The
weather has become sensibly warmer. In Upper E<typt pick,
ing has been fully under way for more than a we«k, and in
Lower Eiypt it has commenced, and in a week will be genla qu^ility the
eral if the present fine weafher continues.
crop appears to be excellent much better than last year.
The distri' ution, under the auspices of the Government, of
cotton seed lias produced nool results, and we hope that
hereafter the diatribuii 111 will be kept up. We are cmating
on a crop of at least 3.000,000 cantars, some m«rch .n s saying
it will be Zi4 millions, if nothing unfavorable tate-< place.
The first figure, however, is considered the most probable.
E. S.
Very ti uly yours,
un ...vi-iiiije.
Archer, Fla.—VeTy dry in the middle of the inontli ontton crop poor.
Selma. Ala— The, weather during the mudth has been coiup iriiliv. ly
dry. the rniarall reaelilnic "" "ue day I l.'i-lOO iuclios, the raiu on
other four diij-a being reiy linht.
Grand Coteau, /jfl.— The cotton worm In at work; as we pass '>.y the
cotton fields we can cmeil it from arar. Planters uo not agr-e ms to the
extent of ttie d.imnge. The uppi r boll.j a^o Ute on account of lUe
drought, and, a.i the worn is strlpiilDg off the leaTes. will proi.ably
never open. Some thlnli that the crop wiU be about tureo-fourtlisof
what was expeoied.
(;r<c<tri(/«. Jfijfu.— Crops in this secilon are suffeiing from shedding,
rust ami worms
Crop will be about -2^ per (Jent short of previous estimates- probably mere. Tlje crop of worms in sight is liliely to strip
the weed.
Lelttntl, .lfi«».— The dry weather for the last throe weelfs has caused
cotton to slioil Ht least
pet cent, and on tliu light lands two-thirds of
It Is opened; If the weather ooutiuaes good will get through piuktug by
the Ist of Ueoember.
aioster, tfi»».— Cotton Is heirinning to oomo In- -fifteen davs earlier
Zifla,
a
district of
of Gallini cotton, the dikes
—
East India Crop.—The Bombay Company's (Limited) cotton
August 16 says
Complaints have been received from all (jnarters of ton much rain,
rep.irt of
:
and a hreaK of fine weath. r is iirg-ntly w.inttd. Not much damage has
jet been done In the Beiara. uiioliera or Benual distrnts. but a break of
sunshine is required to sireuutheu the plants and to alio* of weeding
b. ing undertaken. The most unsatiafactnry reports come from Broach,
but some of these are ex iggerateii. More ihau half the crop has, no
doul't, been washed away; but advices received to-day state that a
break has set in, and if It continues the fields will be cleared of weeds
and the cr.-p re— own; and as it is too late to re sow some of the food
crops, which have been ruined by rain, this laud will all n^ put under
cotton, so that allhoHgh the crop will be late, with favorable weather
henceforward the outturn should oe large.
Co.'s
The following is fiom Messrs. Gaddum, Bythell
report of like date
Ciop prospee's are not altogether satisfactory. On the whole we
Less rain wonid
hav.. had a we<ik if fi.irly favoralde weather.
have been de»i.ab:e, but in most of the Oomraand DlioUera districts
thedryiniervals ha<-e bieu of siiflioleut duration to all.iw of weeding
oring earri d on, and jn.st now this is an important matnr. In the
Broach districts pniclieallyuothlnt' could lie done yet, and a break of
flnewea'her is urgeuily needed to allow of re-sowing bring pr.oee.led
wli h. Bengal districts have aUo had too much rain, and some damage
&
:
is
The following remarks accompany the month's weather
heir t".
a.
t'.e doslr.- 10
'.
80-4
960 860 1030 960 980
84-0 64-0 680
380 521
83-71 77-9
my
gor thecoitori pick. d.
ftiiii.— Last h.ilf of month vnry drr: late ««ra crop lnjored
coiisidu ab y ; a dell(denc,v of (.-5.1 In rainfall this month.
Ahhwond, r«i>».— Drought » ill conilniies In Ilil4 pan of the county.
Corn half crop. C.'tron sid-mll I. i'lc^klng «.innnnno-d tlir.-« weeks ago.
O/cftur.ie, r»j-. - Oil til" 3iilh oeoiii-ie I at 4-:m A. M.. c ilnnilni- time, •
thuucterstor(n and c'oiid-b.irst, which fl'iodud ail tlin S'ro kins, and In tbU
city wiishiMl away snveral hous-s, fences, trees, etc., and ilr.»wn«rt several persons, (irses. r«.<iws aU'l lings; nverli.iwod lands ..n which cotton
iindoom were standing, and eaus d damaKc of ilKiO.'ioO t > he farming interest. Tu linlf an hour ihn rainfall aiiinnntMd to 10 liiohet.
I
hsod of
fort Smith-
Ulgbust..
Lowest...
Avera-'e
Is
11
and rust have done the damaitA.
much "ntter; bii' ni
biitom
inueli (niddln. and io|i ir •)> nilneit
no worms, while som.i rnixirt all the
ofneweotton his b '«n reo Ivn I, but
>
.progressing
trict
ARKANS'^
LUtUBock.HUhest.
Lowest
iiii!
l)llKht
'he ilr..iuht
sio.i.l
Gentlemen—Since the date of my last communication,
though
we have been constantly afraid of trouble, nothiog
91-0
650 has happened to diminish the prospects of a good cotton crop.
880
mgheai.A.
..
570
940
71-8
Lowest...
ATeraxe..
54-0
OS-0
(190
81-0
Arerane.
Ctarksdale—
.
1050 100
73-0
I
UiKbeat....
.
6-i-ll
botionis have
iilneos ri'port g.HMl lo».
Iw worms, dome loc.
UN
(W-0
46-0
01-0
409
reported.
Jute Butts, BAOOiNa.
— The
<&o
demand
bigging has
for
orders coining to tiand quite freely and some targe
Prices ara 8t.-ady, sellers q lotinij 5'?^®
sales are reported.
6c. for 11^ lb.; 6>-i@6i^c. for 1% Ih.; 6Mfd7c. f..r 2 lb , and
Bulls are raovin< (aiily,
l}4(§mn. for ^ta(^•^.^r^l grates.
tnuugh the market U not active. P. ices are firm, paper grades
being quoted at 2;^@3,'^c,, while bagging quality is held at
been
fair,
2ii(d
2%e.
I'HE
Following ark the Gross Receipts of Cotton at
York. Boston, Philadelphia and Baltimore for the past
week, and since September 1. 1887.
Sew
;
M
than last year. The cr .p is much
account of rust and drought.
sliort of last
Nbw Vobk.
Since
from—
aept.
». Orleans..
Texas
Savannah
Kohl la
..
florlda
3o. Oarollna
.Vo.Oaiolina
Virginia....
.Sorth*n p'ts
renD.,Ac....
rortlgn
8319
I.
10.841
13.950
29.320
14,047
87,213
10
10
6.817
1S.8S9
645
2,885
4,463
Philadilph'a
Boston.
Rtctlptt
TJlis
Since
wselt.
Stpt.l.
S,90«
6,681
27.801
"sra
ThU
weelt.
i,a70
atnee
a«pt.l.
iuiss
'""i
866
""Vot
1,959
4370
6
16
6.187
10,877
786
I
>,S7S
i.6n
"'"s
i
3.^
863
This real- "43,78^
Last T»sr..
9
BAI.TIHOIUI.
'
100
year in this seoiiou on
Helena, J.r^.— i>uring the inonih it has been demonstrated that tine
stalks do not make a Urge yield. The falling off has beeti very great.
teetk.
Since
aept.l.
91.445
7-2,
i7S
9,-8
<
6,«6Jl
10
1.780;
S.849
tjxe
110'
9,164
9,SH
8,440
THE CHRONICLE.
410
CX)MPABATIVE Port Receipts and Daily Chop Movement.
The
—A comparison of the port movement by weeks not accurate*
B the -weeks in dififerent years do not end on the same day of
is
We have consequently added to our other standing
the month.
and monthly statement, that the reader may
tables a daily
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.
particulars of these shipments, arranged in our usual
form, are as follows
Seeeipli.
181:6.
Bepfmb'r
369,203
1884.
1883.
1882.
1881.
343,812
326,636
980,584
429,777
853,195
974,043
996,807
487,727
291,992
257,099
147,595
113,573
68,679
36,890
45,143
17,814
October.. 1.031,4.M !,055,= 24 1,090,385 1,046,092
Kovemb'r 1,179,979 1,083,.'<52 1,122,164 1,030,380 1,094,697
Decemb'r l,174,88t 1,069,920 1.104,211 1,059,653 1,112,536
644,681
543.393 475,757 487,729 752,827
January
Febmary. 404,272 414,656 261,449 385,938 595,59fUarch... 258,332 283,643 163,503 241,514 482,772
103,375
111,755
Z84,51t«
89,18d 202,866
ilprU .. ..
47,42t
33,575
45,018
185,523
133,117
May
84,715
11.855
31,68.
78,504
17,64g
Jane.
45,917
10.194
19,504
42,299
14,834
July
61,210
f9,235
39,099
15,966
August...
58,386
31,444
Oorrot'ns.
34,467
13,187
30,632
21,837
Bull. Havre.
pool.
(few York
^ Orleans.
Charleston
NorfolK . ..
Baltimore .
7,792
4,089
2,4«0
Boston
1,901
276
17,144
1,226
950
Bremen
and
A7llHamh. wtrp. Genoa.
619
74 j
l,ab7
Jlaiifax
and
Y'in'th.
150
Total.
100 11,924
4,089
2,490
850
...
850
24
2,201
124
21,576
.
22
22
619
746
1,567
150
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
345,443
1885
^85^642
1.
London
and
Liter-
Tota'....
Tear Beginning Septemb sr
Uonlhly
XLV.
[Vol.
Total
5^20,624 3,396,68b 4,776,199 4,850,575 8,019,738 1,720.364
Pero'tage of Kit. port
99-36
99-72
99-62
receipts Aug. 31 .
99-59
9937
00-64
00-28
00-63
00-41
00-38
Corrections
Total port receipt*.. 10000
ICOOO
10000
10000
10000
the latest dates:
Galveston— For Liverpool— Nov. 17—Steamer North«m, 3,1! 4.
New Orleans -For Liverpool -Sept. 16— Stoamer Alava s,92l
Sept.
17— Steamer American, 2,969
Sept. 20- Steamer Arohittct.
4,476.
CaABi.KSToN- For Liverpool— Sept. 22 -Stoamer Amethyst,
For Barcelona— Sept. 19— Biig Lorenzo, 900.... Sept. 20- Steamer
Starlight. 3,M00.
WiLMiNOTDS— For Llverpool-Sept. 17 -Steamer Hay Green, 5.100.
Boston— For Liverpool— Sent. 14-S earner Bothuia. 3; Bulgarian,
Bulgaria:
7
Sept. 14— Steamer Kansas, 2, -SI.
For Yarmouth - Sept. 16 Steamer Yarmouth. 25.
ForDigby,
N. 8.-Sept. 19-Steaiuer
BALTiMOKE— For Liverpool— Sept.
New
Yoik, 4).
17 -Steamer Baltimore, 1,165
19-Steamer Peruviau, 1,009.
Philadeli'hia- For Llverpool-Sept. 13—Steamer Inliana, 2,022
Sept. 20— Steamer Lord Gough, 1,814.
Sept.
...
Below we give
all news received to date of disasters to vescarrying cotton from United States ports, &c.
Cape Fear, steamer.- A flat-boat load of cotton inie'rted for steamer
Cape Fear caught Are at Sugar Loaf Lanoiog. N C, Sept. 19. The
whole load, 310 bales, was th owu In the river to sa
ave the flat.
The loss will amount to a'oout $ ;.•
Hat Green, steamer (Br.), bl,.cklaw. fr. m Wilmington, N. C, for
Liverpool, was damaged by eolUsioa with a rlieilge Sept. 19. Extent of injuries not known. She would probably reiuiu for repairs.
sels
.
up
This statement shows that
ports this year were 76
more than
544,425 tales
to Aug. 81 the receipts at the
bales less than in 1885-86 and
Oi53
at the
same time
in 1884-85.
The
Otton
:
1886.
1887.
Bept.I....
"
2...
'•
3...
5.810
9,679
10,739
"
4...
B.
6...
13,928
13,195
13,392
14,543
19,640
16,629
•'
"
6...
"
"
7...
"
9...
8...
" 10...
" 11...
" 12...
" 13...
« 14...
"
15...
" 16...
- 17....
"IS...
" 19...
" 20....
"21....
"22...
" 23...
1885.
2,79.
3 281
6,314
5,673
4,910
5,870
6,205
5,690
7,089
8.
6,983
6,343
7,336
5.675
8.
10,390
8,634
8.6t0
7,356
11,835
10,959
15,1
10,101
8.
22,181
23.207
18,159
17,3lB
28,522
25,422
B.
11,933
14,865
12,C87
13,16f
14.407
33.447
36,(31
25,36t
28,856
36,024
414,737
Percentag B Of tOtuI
portree'p te Sept. 23
16,633
13,833
13,182
12,536
17,598
14,257
9,761
8.
Total
8.
6.
17,098
21,073
14,«46
18,778
210,467
7,21,'i
3.»9t
3,704
4,969
8,194
8,143
6.1
8.
8,206
6,64t
8,396
6,214
10,458
8,579
8.
13,92(1
9,48t>
8,0i.b
9,47-
15,283
11,74.
a.
23,011
17,284
17,S79
25.009
17,333
8.
21,8Sb
11,760
15,193
14,087
22,166
15,709
8.
194,408
6i.
8.
210,184
04 08
04-33
5,055
2,890
8.
4,4 3
m
;
^°^g>'l*'-'l'l*«' ttC'-'uHB
Do
sail
sail
Jau Brtydel. lOO.V.'.BbjnlaDd,
MO.
38
H
3«
3»
Bjg'aiijj Sjgwiijg
H'a>\^
=8
OjsaHsj ^lo^'^ss 'i6*"3a,
d.
32V
3213
32ifl*
321a-
32 >a"
321a*
'le^'sa Sje^'sa 'iB®''32 ^is^'sa 'l«®^32
''i6®''32
d.
13„
d.^^ei-&''22 ^'ei^'sz i'(!4*''32 i'o4®'';(£ i"gi'<*''32 ''si^'sa
'41
steam. ..d.
Antwerp, steam.d.l hai^m
^
^
\
•s'S^im
1
I
I
'4|i4
'*i
\
''s'S^m
ifi-siOoi
i«®9o4
!
|
^t^^
er 100 lbs.
—
LrvEBPOOL. By cable from Liverpool we nave the folIowiBg
evatement of the week's sales, stocks, &c.. at that port.
»dd previous weeks for comparison.
8.
16,598
9.606
12,733
13.039
17,187
16,201
We
Sept. 2.
Sales of the
week
Forward^;'!
Total st<)ck— Esli uiai ed
Of which .\merican— Estljn'd
Total import of the week
Sept. 16.
Sept. 23.
69,000
6,000
3,000
47,000
6,000
6,000
411,000
177,000
27,000
16,000
106,000
76,000
3.0
J,0.)
b7,000
B,O00
-J. 00
37,000
4.000
t,OoO
532.000
4 ,00"
46.0(10
..
Actual export...
02 93
Sept. 9.
54,000
4.OO0
bales
Of whieh exporters took
Of which speculators took
Sales American
17ti,679
27-.0(IO
2S.000
21.000
76 000
40,000
Of whieh American
Amount aUoat
Of which American
6 ,000
5 0-.
'
.00
7.00(1
48 -.000
7.000
8.0 O
4i4.oOO
2J7,00o
26.1 00
-.213,000
l.>,00<>
30.000
K4,000
83.00
49.000
lc,(K)()
50.OOO1
The tone of the Liverpool market for spots and futures each
day of the week ending Sept. 23 and tho daiiy closing prices
of spot cotton, have been as follows :
Spot.
Saturday Monday. Tuesday.
Wednes
More
Quiet.
Good
demand.
8,000
12.00V
lO.OoO
(>0
l.StKI
l.UOO
10.000
1,000
gulel.
Qnlet.
tiarely
W(mk.
Market,
Barely
12:30 r-M.! supported
'
5I9
51a
Dpl'ds
Mid.Orl'us
Hid. Sales
8peo. & ex p.
27o
12 7
9,000
(.."•UO
business
doing.
TImriid'y.
iTiday.
-n.aay.
In buyers*
favor.
5>a
S'ts
5ifl
5?:s
14,uoO
2,000
1,1
'l«
f^turet.
Steady
Marke.,
(
12:30 P.M.
Market,
4 r. M.
To l.oiuion. lier^V.auH'rBorVleie'r'^-e
To Yaiuiouih, persttauitrYarmoutb, 24..."
=^*^
IH.
i
e.
sail
1
%®»m
...
Trieste,
•
Thurt.
^aSet
Sjg-siijjB^gaiigjBjjaiijjBigSiiisa Bi8»ii32''5-6»"32
Barcelona, steamd.
8 014
Wettuei.
e.
Hamburg, steam.e.
Do
f ollovrs
(jiti
)
I't r tteaiutr Saturi lua, 850...
c...,-..^
^\,"V.-T"' Mfanier Nova ScoiifU. 22
^^l^}!t°",i.°''^^"^""''
JSOSXONTo Liveii^ul, iier steamers I'ulebtine, 1 401
I
as
c.
Genoa,8team
10,742
8,060
7 7qo
'nr„
U50
sail
Do
Citv"'*"'""
ToIlBMi-, pf-rslcauei La kourgofme, 619...!
To lin m, I,. p.r
unrt. Eultr, 0O....Tri.Te, 170
io Hauibuit!, rcritii.mii Hammcula, 1,297
Do
...c.
Keval, steam
S.
11,202
5,645
7,474
*he Chkonicle last Friday.
With regard to New York w e
nclude the manife«tBof all vessels cleared up to Thun.dt.-j,
ToIliill.i,(ri-teniLerMi,r.i.go.
sall...<*.|
Havre, steam
Amst'd'm, steam c.
Do via Leith d.
6,405
6,403
of cotton from the Cnued
States the past week, as per latest mail returns, nave teacntd
21,576 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
Of < hiOH^o, 2,777. ...htruria, 4t.O....Geiinaiiio,
2,7l'b
^evllda, 1,. 4-<
Ttiei.
•^'a'%4
Bremen, steam. .e.
5,868
3,386
5,G30
BmppiNQ News.—The exports
ppr steamers arcassia, 250
s^
d.\
|
This statement showg that the receipts since Sept. 1 up to
to-night are now 204. S'O bales more than they were to the same
day of the month 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 percmtages of total port receipts which had oeen icciived
to Sept. 23 in each of the years named.
Kew YOHK-To Llverpnol,
Uon.
J«e984
Salur.
Llverpool.steain
1S82.
Do
2,765
8
2,51 y
5,04C
8.
04-32
1883.
2,914
2,546
2,052
16,590
10,203
12,970
15,397
16,996
13,104
233,023
02 13
1884.
week have been
freights the past
receipts since September 1, 1887, and for the corresponding
period of the five previous years have been as follows
860
22
Pa^'HSJ
2i
"."ZZZm^
Steady.
\
)
Steady.
l-M
at
advance.
Qnlet.
Vulet
HI
partially
l-U
d.;C.
8t««ay
MI
partially
1-04 dec.
Steady.
5
Euy.
steady.
The opeuing, highest, loweni and cloeiug priori ul futures at
biverpool for each day of the week- are given oelow. These
prices are on the basis of Uplands,
otherwise stated.
}^r
^>>*
5 63-644.,
Low
Middliotc clause, anles
prices are given in pence a»<i 6itha, thus
and
ti
01 meant
1-6 Id.
.-
5 63
mean
L
Beptember
THE CHRONICLE.
34, 1887.]
Mon.,
8nl., Uovt, IT.
0pm
B<«ll
a.
Bapt«nili«r
ft
24
Low.
1.S
Optn High Uyw.
il.
it.
>I.
S24
BIB
SOU
SOS
BUT
B24
B14
BOO
BOB
806
BOS
BOS
811
SI3
B2i
S14
S09
BOB
rf.
6H
SIS
6«pU-0ct.. »!3
Oot^NoT.. soe sen soa
SOS BOS SOS
NOT.-De<J.
607 SOT au7
Dec. JftD
Jan.-Kob .. SOT SOT 8 07
Kcb.-Maich SCD 608 SOS
Uur.-Aprll SIO G 10 3 10
Aprll-M«T.. B18 SIS 518
S
Clot.
SOT
SOB
BIO
B13
19.
>)cpl.
6 08
8 08
509
511
613
B24
Clo$,
Optn
m^h
d.
d.
d.
6M
528
B12
SOS
607
SCO
BOS
6 2H
B13 618
609 600
6 08 608
6 08 SOB
808 SOS
B08 638
8 10 510
613 612
Law.
d.
623
814 8I«
BOS BOS
8 07 807
SOT BOO
BOT SO0
5 0? 807 807
509 809 809
611 Oil 811
OBAIII.
'iO.
Clot.
d.
B29
BIS
8 08
BOT
BOT
Tbar«.,Svpt.3iI.
Opnt High
8 07
8 (HI
811
Opnt Hl«h tow.
Clot.
FrI.,
Bept.33.
Open Htth\Low.\Olo$.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
8 24
S24
8 24
8 24
824
6 24
9 24
5 22
6 22
5 81
821
B13 B13 5 IS
5C8 8f8 6 08
Not.- Dec... SOT 887 S06
8 07 sor 50«
Deov.Jan.
807 S07 818
Jan-Kob,
Keb.-March SOS S08 B07
Sdar.- April SIO 8 10 SCO
512 518 SU
.Aprn-.Mar
S12
518
Boe
B06
506
B13
808
807
S06
see
813
BOS
607
506
606
8 07 507
600 609
Bit 611
612
507
506
606
806
SOT
609
511
612
SOT
606
506
506
SOT
509
511
510 810
3 06 606
605 BOB
5 04 801
610
3 10
6 06
BOB
B04
BP4
501
803
BOB
SOS
e«ptember. Bi4
eept.-Oet
Oct.-NoT
HprloB.per biuh.
BprlnftNo. 2
Bed winter, Mo.
Bed winter
White
Corn-West, mixed
We«t. mix. No. 3.
Weet. white
Wedt. yellow
Wlilt«3onthen>
8 07
BCQ
611
5 04
6 04
3 04
505 8 03
SOT BOT
609 5 09
I
6 04
5 04
5 rS
5 06
5 08
BREADSTUFFS.
Friday, P. M.. September 23, 1887.
The flour market was scmewhat depressed early in the week^
tut latterly has shown an increased demand, both for export
and to the local trade. There is not much change in prices,
«xcept that rye flour is again dearer. New buckwheat flour
has appeared in market. To-day prices were held slightly
alove shipperb' limits, and this checked business.
There was some further decline in wheat early in the past
week, due mainly to the absence of export orders and the
sympathy with the disturbed condition of the money market
But the visible supply failed to show an expected increase";
foreign markets took a steadier tone; export orders increased
somewhat, some coming from Great Britain as well as the
speculation revived, and prices made some
Continent
improvement. But the the bulla moved cautiously— selling
to realize on small profits— aiming to buy again on the
expected reactions. To-day there was some further advance,
which was partly lost, and the export movement was less
;
liberal.
op no. 2 RED WINTER WHEAT.
D.1ILT CLOSraO ralCES
JIfon.
Sat.
..
November delivery
Deeember deltvery
January delivery
February delivery
79i8
79
80 !«
803a
Sl'^g
81''8
83%
S3>8
81%
Si's
SJ"*
8?:^
SS"*
March delivery
May
delivery
Jiine delivery
85J«
8758
8778
Tue».
79 H
Wed.
Thvrs.
Fri.
79-'8
80
80^
8138
82!^
8138
81=8
82 '8
83
84
84%
S."."*
853b
8058
8218
8338
8468
85 %
8773
86>«
..-.
88%
88^
89
88%
89
89
8938
8414
80%
86\
Indian Corn has been more active. The export buying was
at times quite free atd epeculation brisk; but the demand
being freely met, prices were variable and unsettled, developing some irregularity as between prompt deliveries and the
more distant options. It seems to be now generally admitted
that the new crop is short in the large corn-growing sectioug
of the country, but is larger at the South and on the Atlantic
sea board. To-day there was a steady market, with No. 8
@
Slj'gC. delivered.
selling fairly for export at 51 J^
DAILY OLOSINO PRICES OF NO. Z MIXED CORN.
Fri.
Wed. Thurt.
Hon. Tues.
Sat.
£0
50'4
4958
50
50
Ootoljer delivery
493b
5<i%
HOH
50=8
50
50%
50^
November delivery
hO^
SO^t
SO^
50»8
50%
50%
December delivery
51%
51!^
5i
52%
62
51%
May delivery
delivery,
Oats have been rather firmer, especially for prompt
mixed
with a g ;od trade demand, but the speculation was sluggish
and thd whole market closes quiet,
DAILT 0:.OSIRO FBI0E8 OF HO. 3 01.T8.
^
87
7»
White
Wo. 2 mixed
hi
82i«
No. 2 white
74
70
tH
84
82
^2
Twi!
Hli
ftu>4»
51^
bO
63
«
»
'
2.
40
«
>«
114
a 30>«
85
81
83
9
1
<!.irr
81
,
Milwiiiikcu
73
84
78
2... 71
.\i>
«-ro»e<l. S2
71
State, 2-rowad
ObowU
«
8S
«
i'«
Malt— .4tat<'.
9
A Pa., V bosh.
Mo.
Bsrli'v--<:iiiiiulM
63
51
82
34
33
«I0O
B.'S
00 ID 63
The moyement ot breadstoSa to market u indicated In th o
Rtfttemente below, prepared by us from the Qgaiea of the New
first give the receipts at Western
York Produce Ebccluuifce.
liikB and river ports, arranged so as to prmmit the oomparattve movement for the week ending Sept. 17, 1887, and aince
August 1, for each of the last three years:
8t»t«
JUetipU at-
oueiso
miwaukae..
Toledo
Detroit
CleTelaod..
St. Loali. ..
Peoria
Onlnth
Tot. wk.
October dellvPTy
73
78
8 07
<l.
(i.
Oata-Ulxed
Wheat
&1
Buckwheat
67
We
WednciM^epcai
Loiv. Clot.
Taea., Hopi.
411
TTVat.
ffuih.OOUi/
:a^,87»
88,725
e,l'8
8.337
mm
29.09}
1,47 J
S9,Sil
"87.
Sunewk.'SA.
Samewk.'SB.
Slma Aug. 1.
lBb7
X88e«
1885*
*
Tlour.
BbUWHlbi
BarUy.
Rim.
Buih.iKlb,
BluhM lh»
Oatt.
Oortk
^ai.odo
4 5,12H
17,30a
142.470
803,700
IPB.OTT
SI.R83
237.872
4,600
18,412
6,0C0
B.730
4.31«
883.741
28.300
300,4S0
57.44>1
4.579
6,330
"Ml.ole fSfiie.m
2.3i5,.'B7
79).8."'e
224.704
3,649.001
2.213.339
810,092
188,901
1,793,370
1,4»3,313
343.02'^
J,615,S71
18,625.271
12.70!).120
14,937,49S
3,'M8,S03
1,339,480
28,111.339
19.U4.U6i
10JS34.70()
;),.'W.'.752
1R,8W.787
^..-Hl 1,185
12.572,011
BO'l.lSlI
Inelude one weeic extra,
t
72
27,000
Inslulea I,3CJ,310
88,340
b8,74B
7S.t91
812,20'.
8«7,40S
727,320
980,32.
bii^th.
at MiiineapoliB.
The comparative shipments of flour and grain from ttte same
ports from Jan. 1 to Sipt. 17, 1887, inclusive, for four years,
show as follows:
Plonr
nase.
1887.
9,684,681
hhlS.
Wheat... .bnab. 59,391,059
47.8.^9.411
Com....
37,064,(597
Oats
4,531.139
Barley ..
715,311
Rye ....
7,412,409
*:885.
7,810,044
•1884.
7,862.092
40,793.103
60.983,367
35.513,831
71,941.9;t6
4l,28e,.555
61,07.1.801
38,44-1,603
3S,4>*2,')55
5,516.6.'55
2,908.701
1,40C,806
1,120,315
38.067.352
3,103,962
4,51'.!,819
Totalgraln.... 119,565,117 144,3ii2,078 150,254,420 154,011,492
* Include one week extra.
The receipts of flour and grain at the seaboard ports for the
week ended September 17, 1S87, follow:
Flour,
Wheat,
Com,
Oatt,
Barleji,
btuK
bbl».
biuh,
bu»K.
buih.
buth.
AtNew York ... 122,754 1, 020.80S 382,850 525,750 3,8C0 2,200
7.'i,994
6P,S87
400
Boston
51,525 127,183
"sbo
12,4 41
140,901
13,190
Uontreat
57,241
57,517
44,170 12,600
PulladelpMa... 23.415
83,0.S7
32,785
50.020 251,630
18,032
1,680
Baltimore
44.520
2,951
13,122
7,296
713
Klohmond
26,S15
24,200
53,025
Kew Orleans... 12,724
4,973
Totalweek... 306,332 1,591,101 739,515 739,333 17,200
Wiek '86.. 301,125 3,015,931 1,919, S57 1,47^,173 23,310 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;
*1886.
*1885.
*im4.
1887.
9,267,799
Plonr
bbls.
10,322,617
9,033,934
9,544,854
Oor.
47,750,356
60,681,225
27,136,429
2,688.384
445,739
34,617,505
65,301,272
31,104,534
2,410.836
791.733
46,070,892
Total Kraln.... 129,671,300138.702,133
• Include one week extra.
131,525,980
103,946,458
Wheat
bneh.
Corn.... .........
Oats
,.
Barley. ..........
„
Bye
68,849,652
33,600,533
24,451,174
2,267,728
602,213
3,5,580,105
22,133,577
2,450,434
3,711,950
The exports from the several seaboard ports for the week
eadioK Se pt, 17, 1887, are shown in the annexed statement:
Expurlt
from -
Sew Tort
BoBton.
Norfolk
..
Wheal.
Oom.
Buth.
389.580
40 9*1
Biuh.
302.902
32,794
B.ltim're
N'.Nowa..
N Orl'nd
Bblt.
84.450
66,09
711
33.1S2
15,071
67,567
11,610
313.930
174,710
41,633
24,080
OaU.
Bye.
Peat,
Buth.
Buth.
Buth.
3,955
69,757
1,405
....••
......
•••...
<:
250
.
iioutreal.
Pblladel.
Flour.
64,871
3i3
Blohm'd.
4,030
,
October delivery...
Sal.
iron.
Tuei.
Wed.
32%
32^
32>4
32%
32%
32%
32%
33%
36%
Ttiuri
Hi.
3j%
32%
w'k
996,877
9'me time
1RS8. .. 1,679.864
Tot.
405,703
238,119
3,955
66.27»
516,538
153.482
36 636
aa Ueiuw.
24.932
32%
33
83%
32^8
33
SZ'a
i'ne desicuiituuu ol cue uxpuris la
35^8
3«
Sd
Way delivery
35'e
eorrespondinK period of last year for comparison.
Rje
^ is scarce and wanted. Barley is yet without transacFlour.
Wheat.
tions Eufiioiently general and extensive to establish values.
Holders are very firm. Barley Malt sells fairly. Buckwheat gsporls
Movember delivery
December dellvon-
3-2 »8
We
acta
ino
Oom,
j
is
nominal, the season not having fully opened.
cloaing quotations :—
The following are the
week
to-
for
1887.
Week,
Sept. 17.
1886.
Weelc.
Sept. 18.
1887.
Week.
1886.
Week.
Sept. 17.
Sept. 18.
rLODB.
20»$2 70
V bM. 02i50A3U0
Fine
Buporflno
BDrlug wheat extras.
2
809
3 10
Hinu. clear and Btra't. 3 7o9 4 5U
Wluterahlpp'eextrae.
Winter
XX
Pattiitd
6i
XXX..
003 3
25» 4
2!
2-
4,-U» 4
7..
3
3
Smitlicra TOoerB
2 85» 3 05
Sojta'u com. extras.. &209 3 40
go ithem bakers' and
$3 50S4 920
tamlly tarda
Bye floor, gnpertlne.. 3 309 3 SO
2 25» 2 50
Flue
Co :a uuiai—
~ 2 60» 2 95
Western, *e
3»0» 2 »d
Brandvwlne
BuckwU at flour, per
2 55»2 85
100 lUd.
Sblt.
Oa.Klng.
Oont'nt..
a.* O.Am
^. Indies
Brlt.col'f
Oth.o'n'tt
Total..
216,521
22,069
16.0>9
15,90 J
15,121
Bblt.
Ill,'i25
7,635
5,311
Biuh.
615.785
361,092
Buth.
911,323
767,229
1.312
6,5 to
15,3:12
1
400
l,y9:<
2S6,119
159,432
1887.
Week.
Sept. 17.
1386.
Wfsk,
Sept. 18.
Buth.
240,515
154.414
5,161
Buth.
403,754
114,140
5,55'!
^^•^?8
125
'.>09
213
4,071
9,)e.877 1,670.861
405,793
540.539
THE CHRONICLE
412
Vol. XLV.
I
By adding this week's movement to our previous totals w e LL 4-4 brown sheetings were advanced j^c. per yard, some
have the following statement of exports this season and lat-t makes of bleached goods were placed " at value." Prints
wason:
were in fair demand, an 1 63x643 have advanced to 8 516c.,
while 56x60s closed nominal at 2J^@3 15-16c. Stocks last SatWheat.
Corn.
Flour.
urday and for the three previous years were as follows
Sept. I,'b7. Sept. 1, -86, Sept. 1, '87, Sept. 1, '88, Sept. 1. '87. Sept. I. 'ta
:
SBtOTt* tO-
Un-Klngdom
If Sevt.
to Sept.
to Sept.
to Sept.
to Sept.
17, 18«7.
18, 18S6.
17, 1887.
18, 1886.
17, 1887.
BbU.
Burt,
Bufh.
Biuh.
Bbl:
W7,752
351,869
2."39,S63
3.01S,S-.«2
Continent...
4ii.633
32.684
1,082,990
2,848,247
B.ACAm...
46,413
4S.U0O
54,752
86,-33
2,565
2,352
50.831
86,148
4,260
West Indies.
Brit.Cornle8
0th. conntr'B
1,5S4
24,100
571,692
363,383
24,404
19,170
525
1,074
Sept. 17,
to Sept.
IS
Stock of Print Cloths—
1888
773,490
470,2l!3
33,SSJ4
8,1/87
5,215
Total stock (Pieces)
:
Sept. 19,
8,
1886.
Held by Providence mauuf rs. 164,000
Pall Biver manufacturers...
72,000
Providence siieeulators
62,000
Outside speculators (est)
85.000
Bin"!
54,688
Sept.
1887.
Sept. 20,
1885.
104.000
48,000
83,000
20,000
1884.
355,000
287.000
285,000
150.000
414,000
4 7,000
2^15.000
150,000
383,000
260,0001,077,000 1,336.000
Prints were in irregular demand, but some large lots of
hfavy 28-inch goods were closed out at very low prices-
Ginghams were
distributed in fair quantities, as were cotton
and
fair sized orders for Zephyr ginghams and
The visible supply of grain, comprising the stocKs m grana' y
white goods were placed for next spring by leading jubbers.
at the principal points of accumulation at lake and seaboai d
ports, and in transit by water, September 17, 1887
Domestic Woolen Goods. There was a fair business in
spring- weight clothing woolens, and heavy goods were in
Barlex
Wheat,
Corn,
Oat;
Sye,
buff
bugh.
bngh.
busK.
butli.
in $tore at—
18,913
14.394 moderate demand for the renewal of asiortmente. Worsted
4.989.726
333,171 399,204
Hew Torn
71.900
7,000
Do Bfloai
359,0(jO
suitings were in irregular demand with most relative activity
22,."! 00
12,000
40,7 oit
Albany
48,000
.,
Bnflalo
221,581
63,883
29,125
2,214,110
63,897 in medium grades. All-wool fancy cassimeres and cheviots
Do afloat
continued in fair request, and desirable makes are steadily
lfi4T292
5,126.389 2,348,897 1,290,147
37,112
Obloafco...
927,3:-!9
2,295
Ulwaakee
...
19,971
17,537
101,131 held, but prices f,re low and not very remunerative to manuDnlntn
731,930
facturers.
OfercoatiDgs and cloakinga ruled quiet, and Jersey
l,691,9,i2
Toleao
40,726
41,892
2l".i08
12,7.«9
r>«tro)t
674,5a9
17,387
1,261
697 cloths were eluggii-h, but there was a good steady
movement
48,000
32,000
Oswego
900
67,500
Bt.LonlB
5,647,303
545,244 908!921
9,191
15,471 in stockinets and sackings. Satinets have shown a fair deDo afloat
4,700
23,600
gree of activity, and there was a moderate business iu KenOlnolnnati
41,000
52,000 251,000
l.'i.OlId
15,000
Boston
100.375
112,916 16!<,6.S3
226
2,480 tucky jeans and doeskins at unchanged prices. Flannels and
Toronto
29,709
5,000
4,249
17,112
Montreal
441,677
6,538
142,27B
11,427
2,803 blankets were in steady request by package buyers, and the
930,:i60
Philadelphia
1C9,090
69,821
jobbing trade in these goods was fairly active. All-wool and
Feorla
157.363 411,757
58,580
os'osi
2,692
IndlanapolU
260,010
45,440
72,100
6,620
worsted dress goods were distributed in very fair quantities
Kansas Clt;
411,628
5'i,7M0
74,180
241
by agents and jobbers, and carpets were in steady request and
Baltimore
1.605,855
21,823
Total
758,212
4,324.818
eifl.sie
6,*- 83,691
980,148
1.389,597
dress goods,
—
:
,
Hlnneapolib
Paul
1,941,569
81,000
Bt.
On Mississippi
On lakes
firm.
56,100
1,206.222 1,726 8H6
1,576,000 1,585,300
23,!>00
. .
On canal & river
20,500
563, 1.=14
57.500
196,800
110,290
112,600
Tot.Seiit.l7.'87. 31.071,309 7,570.429 4. 7.^8,326
313,941 fi?0.359
Tot.Sept. 10.'p7. 31,210,>'90 7,10n.08;^ 4,387,518
281,864 514.054
Tot.Seiit. lo,'86. 47,f>39,880 13,769,321 4,62 ),667
602.0n« l,22O,0.'<6
Tot. Sept. lw,'86 42,618,537 .^, 596.575 5,619,848
456,151 221,525
Tot.Sept. 20,'84l 2^,312,654 5,448,938 3,611,560 1,127,2«2
447,563
I
t
Minneapolis and
St.
Paul
i.ot
included.
THE DRY GOODS TRADE.
New
Yokk, IFriaay,
condition of iifairs at the principal diutributiog points in the
Western, S. uihern and near-by Stales. But operations on
the phit of whoUsale buyers were conducted in a very cautious manner because of the sirini^ency of the money market
(which has cauted the cancellation of bome outstanding
orders for i all and winter goods) and business in commiSfiun
was
moderate in volume. Sume
large sales of heavy printed cahcoes were made by means of
price conce^sions,
but otherwise prices have remained
unchanged and stocks of domestic cotton and woolen goods
are 60 well in hand that a steaoy maiket for some time to
come is generally anticipated by merchants and manufact
urers.
Spring goods have met with more attention fiom
package buyers, and very fair orders for a few specialties
were placi d for later delivery, but the demand in this connection was by no means general, owing to the uneasiness felt
about monetary affairs.
Domestic Cotton Goods.— The exports of cotton goods
fiom this port for the week ending September 30 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 Africa, 134 to Europe, 108 to Central America, 86 to Mexico
and 17 to all other countries. Since the Ist of January the ex
ports aggregate 144,491 packages, valued at $8,990,871. Of this
total China has had 74,804 packages, valued at $3,554,071
circles
The jobbing trade in imported goods was of fair
up to the average of preceding weeks.
The fcuction rooms were rtsoried to for the distribution of
"odds and ends" of silks, velvets, velveteens, dress goods, &c.,
but no ealrs of material importance were held during the
delivery.
proportions, but not
week. Staple goods are genyrally firm, but fancy fabrics
favor the buyer in some cases.
P. M., Sept. 23, 18S7.
As a whole the market for dry goods has been rather quiet
than olheiwiBe the ;paBt week, A moderately good distribution of regular goods and "jibs" was made by leading jobbers in this city, and reports Irom the iuterior represent alike
and imporiiug
Foreign Dry Goods.— At first hands there was a steady
demand for rcldtively small parcels of seasonable g"ods, and a
fair number of orders for spring fabrics were placed for later
strictly
Importatlona of Dry Soods.
The importations of dry goods at this port for the week
ending Sept. 23, 1887, and since Jan. 1, and the same facts for
the corresponcUnt; periods are as follows:
,s
28,024 packages, valued
at
$2,056,693,
have gone to
South America, tor the similar period of 1886 the exports to all
ports reached 157,848 packages and in 1885 were 138,130 packages. At agenis' hands there was a steady hand-to-rnouth
demand for staple cotton goods, but selections were governed
by actual wants, and there was no disposition to anticipate
future requirements. The jobbing trade was of very fair
dimensions, but less active than in preceding weeks. Prices
of plain and colored cottons [remain firm, and while Atlantic
fiD
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