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xtmtk
AND^
HUNT'S MERCHANTS' MAGAZINE,
REPUESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
(iCatered acaordlng to
YOL.
Aot of Congress,
In tlie
year 1891, hy Wh. B.
Du(x <k Co.,
SATURDAY. SEPTEMBER
53.
y^}xz
6 10
11 50
6 75
JSuropeau Subscription Sir MontliB (including postage).
£2
£1
do.
8s.
93.
These prices include the Invkstobs' Suitlemknt, of 150 paRcs
Issued everv other month, on the last Saturdays of Jau., March, May.
July, Sept. and Nov., and furnished without extra charge to all
subscribers of the Cukonicle.
A die cover is furnished .at 50 cents; postage on the same is 18
cents. Volumes bound for subscribers at $1 00.
Subscriptions will be continued uutil definitely ordered stopped. The
publishers cannot be responsible for remittances unless made by drafts
or Post Oftice money orders.
Terms of
Onetime
One Month
TwoMonths
—
|
(1
(8
1
London Aeeuts
Messrs. Edwards A Smith, 1 Drapers' Garden^ E. C.,will take sub
Buriptious and advertisements, and supply single copies of the paper at
Is. each.
wiTiuM
3.i^w
JOKS
DiNA
R
S^^.i.7;>v.>
O. FLOYD.
(WILLIAM
Wichita, Chattanooga, Seattle and
CLEARING HOUSE RETURNS.
Rapids, 50'5 per cent
veston, 33'6
;
731,943,687
thara.)
baUa.)
L-tocks
Kjotttm
-....bujliel*.)
lOrain
bbli.)
(Petrol«um
Boston
Providence
Hartford
New Haven...
99,084,187
5,105,000
1.771,849
Detroit
Htlumt by
Televrapli.
New York
-,
1891.
Boston
84,48(1,815
PliU»i\elpUia
Baltiinoro.
63,218.924
11.925,187
73,833,000
18,036,418
b,896,44u
Chicago.
St. Louis
New Orleans
Seven cities, 5 days
Other cities, 5 days
Total
all cities,
5 days..
All cities, 1 ilay...
Total
The
all cities for
week...
+ 13-7
+7-2
-01
+12-7
+10-4
$836,046,824
130,102,41-6
+20-4
+7-3
$1,146,906,280
228,164,911
$066,149,240
197,077,327
t-137
rl5-l
$1,374,670,181
$1,163,226,667
full details of clearings for
the
week covered by the
above statement will be given next Saturday. We cannot, of
course, furnish them to-day, bank clearings being made up by
the various clearing houses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to be
in all cases estimated, as we go to press Friday night.
Below
are our usual detailed figures for the previous week, that is
covering the returns for the period ending with Saturday
noon September 19, with the comparative totals in 1890.
A considerable increase over the preceding week one hundred and fifty millions of dollars is to be noted in the aggregate for all the cities, but this is in great measure due to the
fac t that the current total covers a full business week, whereas
in t he week ending September 12 the Labor Holiday occurred.
There has been a very active speculation in progress on the
—
—
(+38-8)
-6-0
+3-5
-10-0
+8-2
-10-1
-8-7
+7-7
+13-4
+14-0
+1-1
99,601,339
+12-7
93.277,512
86.209,321
12,881.094
15,478,001
8.798.793
1,810,727
72,132,675
15,810,282
14,878.671
7,931,257
65.324,179
11,311,741
14,490.895
8.0:M.050
1,517,9.10
1,406,977
841,189
-8-2
—18-6
+4-0
+10-9
-0-4
+7-9
—6-2
+3-8
1,817.2-28
870,229
-I-13-7
-HO-4
+2-7
+6-6
—3-8
+1-1
+18-1
108,197,820
116,188,108
-6-3
02,919.918
13,190,500
7,188,065
8,826,311
6,397,089
3,252,000
2.1:«,169
1,857.949
988,157
84,531,059
12.454,800
8.835,088
6,787,884
5,817,969
+9-9
+5-9
-18-9
-2-4
(-[-66-5)
(-16-9)
^^
726,762
706,437
-19-9
—24-0
+6-1
-2-S
+3-9
-7-6
-8-4
—9-2
93,444,817
-15-3
1,521,8761
1.330,8771
88.958,172]
11,746.550
6,966,155
6,018.871
5,151,769
3,031.700
2,178,868
1.867.982
+6-8
—4-9
-9-2
+4-2-
+50-5
133,509,168
128,072,4871
+5-9
123.815,340,
+3-7
20,055,.i0o
20,875,544'
16.2.54.644'
2,124,539
1,456,877
763,446
829,876
934,821
1,5-28,890
1,587,789,
1,200,854
991,3141
596,750,
-3-0
+39-0
-8-2
—36-4
—16-3
+56-9
1,873,235
754.351!
806.808,
642.965
+24-0
-4-2
-12-8
-43-4
+0-04
+17-3
28,181,882
26,579,911;
-1-6
22.314.308,
+11-5
9.083.914
6,432.628,
4,184,061
+4-1
Omaha
9,438,220
9,298,390
4,310.880
4,030.485
5,2:!8,f.5S:
-231
Denver
4,356,72.1
4,867,290,
Dulutta
8t. Joseph....
BlouxCfty....
Des Molnee..
2,705,681
1,429,288
703,430
650.592
2,305,695
478,2-24
775,669
628,718
352,752
-10-5
+17-4
—7-4
-18-2
-6-4
-38-3
-16-2
+9-1
10.080,7671
9,244,100,
3.879,146
3.906,021
4.521,049
1,714,973
1.512.048
Grand Raplda.
Total Middle Western.
San Francisco.
Portland
Salt Lake City.
Seattle
Tacoma
Angeles
+ 17-0 Los
$1,000,629,086
139,876,214
-14-1
(1,648,428)
(704,400)
(35.127,900)
(2,444,000)
2,078.279,
1,783,222;
612,008,
Peoria
+24-1
626,987,598
(1,586.888) (+71-41
(330.800) (-t-110-6)
(32,732,325) (-1-34-6)
(856,000) (4-72-0
-7-2
+2-8
Columbus
189U.
fS03,060.178
74,322,251
58,992,661
11,967,668
66,605.000
16,329,987
6,869,089
P. Cent
-11-7
828,699,692
3,11)3,8001
Cleveland
Indianapolis...
$748,230,762
Sept. 12,
1891.
112,142,138
797,484
903.270
Total Middle.
Week End's
1,195,930
1,255,245
1,331,045
745,133
373,618
l,280,v!5l
Chicago
19,
P. Cent.
81,242,472
4,614,300
1,623,821
1,289,400
1,083.043
1,070,244
1.210.125
757.307
877,800
Worcester
Portland
Lowell
Washington..
Bocheater
Wilmington..
STracnse
1890.
87,123,023
4,624,200
1,725,206
1,277,493
1,132,835
1,304,646
1,318,399
630,918
369.622
SprinKtleld
Milwaakee
28.
(«.«85.004)
(696,500)
(44,018,260)
(1,472,000)
;
In ratio of gain
followed by Qrand
Portland, 39 ; Gal-
cent.
W^ek Ending September
New York
i$
Minneapolis, 44*5
1891.
Cincinnati
Week Bnilng September
CLKAKISOB.
;
and Memphis, 224 per
Buffalo
corresponding week last year.
Omaha.
Los Angeles leads with 56'9 per cent, and
PUIsdelpbla..
Pltubari!
Baltimore
The following table, made up by telegraph, etc., indicates
'hat the total bank clearings of all the clearing houses of the
United States for the week ending to-day, September 26, have
been $1,374,670,191, against 11,200,185,294 last week and $1,163,328, -567 the
figures exhibit a loss of 11 •? per cent
all
B. DANA 4: Co., PublUbors, New Bedford,.
loa W^iiiiam Street NEW VORK.
p^^^^ OFFICE BOX 958
Total New England.
S
^
1,370.
and the
other cities exceeds that of 1890 by 2'9 per
cent. The most important losses outside of New York, so far
as percentage is concerned, have been at Fort Worth, Dallas,
aggregate for
SaUtof—
(Per inch space).
¥ 3 50 Three Months (la times). .$25 00
" ).. 43 00
times).. 11 00 Six Months
(26
"
).
18 00 Twelve Months (5-J< " ).. 5800
AdTertlsinif
New York
The
$10 20
Annual Subscription in London (including postage)
do.
NO.
26, 1891.
Stock Exchange, and in Boston the dealings show
a large gain over the preceding week. Contrasted with a
year ago the week's exchanges show a decrease of 6'5 per cent.
For One Year (liicUulinK postage)
do.
For Six Months
Euiopfan Subscription (including postage)
do.
Washington, O. O.]
New York
^hxonitU,
Terms of Sabscription— Payable In Adrance:
Six Mos.
in the ofUoe of the Librarian of Congress,
Total Pacific.
Eansaa City.
Minneapolis..
8t. Paul.
Wichita
Lineoln
626,803
384,838
Topeka
Total other Western..
St.
Louis
New
Orleans..
Louisville
Memphis
Rlchomnd
Oatveston....
NashvUle
Pallas
Kort Worth..
Norfolk
Chattanooga..
Birmingham..
Lexington
Houston*
*
.
New
Tork.
+31
+3-8
37,381,533
21,802,243
7,453,990
-t-60
21.557.229
7.196.263
6.041.320
1,314.320
2,239,759
8,760.732
1,476,
2,084,
4,769,
1,891.
861,
445,
1.216.030
2.184.857
3,670,660,
1,990.804
1,127,073
762,822
976,
100,
465.
450.
1.002,38»;
468,241,7iri
totals.
652,761
733.542
382.186
416,697
338,243
36,907,2371
7,687,163.
—0-3
-22-3
+21-4
—»-6
436.479
+33-6
-5-0
—41-3
—41-6
—2-6
—37-4
-13-5
+3-3
60,390.904
-09
639.000
637,904'
454;043;niS
1,679,021!
670,668.
401.218,
911.215
423,000
449,477
-t.8-2
-0-5
-11-0
—10-0
+27-1
-t9^
-21-2
-S6-8
—62-4
+0-0
-40-S
—St)
391,630,
2,728.81$
60,0
—8-6 1.060,269,8»0
+2-9
+U-6
+49-3
+0-7
—22-0
-15-6
-14-9
-14-S
-21-6
+17-2
-48-4
-»-6
-10-8
22,890,
7,432,
5,973,
1J800.18.5.294 1.283,642,908
Kot Included In
1.983,605;
88,308,887
49,919.062;
.
all
fi Htslde
8.19.681'
694,782,
+3-6
2,996.
Total Southern.
Total
1,513.724'
-1-44-5
908,303
-9-2
+6-1
+20-4
+0-9
+8-6
423.272,392
-1-0-8
-10-0
-at
THE CHRONICLE.
418
[Vol. LI II.
point we have no opinion to express.
THE FINANCIAL BITVATION.
What we
give i»
and general principles, and they certainly authorize
an
advancing market.
began
Ever since the activity at the Stock Exchange
Money
has been more active and higher this week.
satisfied
not
it has been reported that Mr. Gould was
No
doubt
in some measure this was due to the very free
not
or
"Whether
taking.
•with the direction affairs were
flow
currency
to the interior, and yet probably it was
of
he
not
or
whether
stocks,
short
of
he was actually
largely
consequence
of a disturbance of loans resultin
"
therefore
and
floor,"
ground
on
the
get
in
failed to
wanted to fill up his box and participate in the rise, was ing from the failure of S. V. "White & Co., announced
The only fact any one was sure on Tuesday, which was followed the succeeding day by
all matter of surmise.
But gold in quite an amount is
of was that he did not share in the delight over the some manipulation.
York, and the outlook to-day
for
New
now
under
the
way
Thursday
good time the Street was having.
from Europe to meet the crop
sufficient
is
for
supply
his
a
of
sample
a
was treated with
country
the shipments announced yes requirements.
Including
latter
the
that
found
and
it
power and of his methods,
been,
as near as we can make up
have
had
terday
there
must
former
the
but
that
least
in
the
had not changed
Of the total, about 10 million dollars afloat last night for
evidently been shorn of half of its influence.
According to a special cable to us,
course there was a tumble in quotations, for it was the United States.
easy ejiough to knock down the prices of Missouri the loss by the Bank of England (which, according to
facts
Union Pacific and "Western Union Telegraph,
So,
&c., all of which are tarred with the same stick.
too, some of the securities of other companies, naturally enough and for a time, felt the influence of the
perturbed market, and weak holders were shaken out
but as a rule when the attack fell upon the properties
which are believed to be honestly managed they yielded
Pacific,
but
slightly.
The important circumstance worth
affair has
developed
— for
all
noting which this
such episodes have a moral,
—
though investors do not always heed it is contained in
the statement offered as an excuse for hesitating
AVe refer to the
to pay the Missouri Pacific dividend.
statement made before the Executive Committee of the
road by Messrs. Gould and Sage on "Wednesday that
VoR'^ "\s.%^ personally advanced a. great deal of money
" lately " to that company, and hence the road's
embarrassment. The significance of the words we have
quoted is that those very same words form the epitaph
which can be found on the tombstone standing over
every distressed property which has fallen into
the same management during
the past twenty
years.
Still another suggestion
and this is worth
millions to the public if it would only regard it is
—
—
—
never to purchase the securities of properties that are
not in the control of those who have a character to
lose.
Any stock or bond may decline, for any railroad
may have to pass through trials which could not be
management is sound, it is a
very rare occurrence that the investor who holds on will
not more than recoup all his apparent losses.
foreseen; but where the
statement this week, reached a net of £700,000) includes shipments to the United States of £678,000, or
That of course takes into account
say 13,390,000.
its
The aggregate im-
the withdi-awals only to Thursday.
ports
week were |$450,000. Our banks
received during the week from the Sub-
of gold this
have also
Treasury $1,200,000, but as they have lost several million
dollars by reason of the movement to the interioi', reserves, according to the statement which will be made
up to-day by our Clearing House institutions, must
show a considerable decrease.
Money on call, as represented by bankers' balances,
The higher rate
has ranged from 25 to 2 per cent.
was recorded on Tuesday and the lower figure on the
following day, but very
little
was loaned at either ex-
treme, and the average for the week has jirobably not
been above G per cent. Renewals have been made at 5
per cent, and thiols the minimum rate at the bank*
and trust companies. For time contracts there is
a
good
is
fair
demand,
and
foreign
from
the
supply
bankers
and
of
money
domestic
but the collateral required is first-class.
all dates from 30 days to six
commercial
paper market has been quite
The
months.
dull at times during the week and the buying has been
The supply of paper
confined to parties at the East.
is good, but there does not seem to be any great presNothing of consequence has been sold
sure to sell.
below 6 per cent. Quotations are nominally of to 6
per cent for sixty to ninety-day endorsed bills receivable, 6 to 6^ per cent for four months commission house
names, and 6 to 7 per cent for good single names havinstitutions,
Rates are 6 per cent for
Of course this incident brings up the question
whether the attempted settlement of the diificulties ing from four to six months to run.
which now surround the Union Pacific will not fail,
There has been no feature of importance in thaJ
and whether such failure added to the Missouri foreign markets this week. Toward the close there]
Pacific's embarrassment and the embarrassed situation were rumors of a large movement of troops by Russia,
_
of other well known " weaklings," will not serve to
break the market disastrously. The fact that the trus-
which was interpreted
to
mean
warlike preparations;
but the bourses were not affected. Arrangements seemj
to have been completed in Paris to assist in placing a|
under the Union Pacific trust notes last night
an advertisement asking for subscriptions new Russian loan. The Bank of England on Saturdaj
for 5| millions of the notes would seem to indi- last
reduced
the
price for American gold coin]
cate that the plan is in a more advanced stage
Thursday
pence, and
on
to
77 shiUings
8J
than current reports had indicated.
But granting the
Bank
minimum
rate
of
discount
waai
that the proposed arrangement fails and that a
receiver advanced to 3 j^er cent from 2^, at which it had stood]
is appointed, we see even in that case
no reason why since July 2. The cable reports discounts of sixty to
the affair should affect the market materially
and not ninety day bank bills in London 2| per cent. The open
at all except very temporarily.
Prices of railroad market rate at Paris is %\; at Berlin it is 3f, and at
securities have not advanced the past few
weeks on a Frankfort Z\ per cent. The Bank of England reports
sentiment.
There are substantial reasons, as substan- a loss of £706,000 gold for the week; this, as we are
tial as ever existed, for improved
values attaching to advised by special cable to us, was due to exports wholly
such property this year. Prices may go too
high,°and to the United States and Germany of £1,011,000 and
some of them may be too high now. On the
latter to an import of £189,000, wholly from Australia and
tees
issued
'
Seftembxb
THE CHRONICLE.
30, 1801.]
Portugal, and to tho receipt of £110,000 from
terior of Great Britain.
The Bank
decrease of £370,000 gold.
Foreign exchange 1ms tended
of
tlio in-
France shows a
downward during
the
The offerings of bankers' and of commercial
have been large, bnt tho former have made tho
most decided impression on the market, for the purchases
of stocks for European account were heavy until Thursday afternoon, and the drawings were prompt. Tho
demand for bills with which to cover gold imports tends
week.
bills
to
make
the decline gradual.
As already
stated, the
only arrivals of gold this week have been $250,000 received by Heidelbach, Ickelheimer & Co. on Monday
and $200,000 by the same house yesterday. Shipments
New York during the week have been
from the Continent as well as London, and the amount
in transit last night was probably about $10,000,000.
Rates for exchange opened q;i Monday at a reduction
of half a cent for long by Brown Bros, and by tho
Bank of British North America, compared with
to
.
419
while the oats crop will likewise bo of very large proporUnder tho circumstances there can be no two
tions.
opinions as to what the future has in store.
Our breadstuffs exports also continue of very exten-
magnitude. Tho failure of S. V. White & Co.,
and the collapse of the attempted corner in corn, has
led to some very heavy shipments of that cereal.
But
it is wheat that continues to go out in enormous quantities.
We have referred to this on previous occasions,
but each week lends further emphasis to the fact, for
the movement does not abate, but continues with undiminished force. la the week ending last Saturday
the exports of actual wheat from the Atlantic Eeaboard
(including New Orleans and Montreal), according to
the report of tho New York Produce Exchange,
sive
reached
4,463,216
while 1,291,860 bushels
bushels,
more went out in the shape
of flour,
making over 5J
This is an average of nearly
a million bushels a day, without allowing anything for
million bushels together.
the exports from the
Pacific
Coast.
For the three
Friday of last -week, Brown Bros, posting 4 81 weeks ending Sept. 19 the shipments of wheat aggrefor long and 4 84 for short ; Baring, Magoun & Co. gate 13 J million bushels, and of flour the equivalent of
4 82 for the former and 4 84^ for the latter, and the 3J million bushels more, the grand total of the two
Bank of British North America and the Bank of Mon- being over 16f million bushels. Here are the figures
treal 4 81^ for sixty day and 4 84^ for sight. Oa Tues- for each week separately, in compai-ison with the corday Baring, Magoun & Co. reduced the long rate to responding weeks of last year.
EXPORTS OF WHEAT AND FLOCR FROU ATLAKTIC BEABOABD.
4 81^, and on the following day this house and the Bank
Week
^yhcnt.
FtoHi;
Wheal,
of Montreal reduced the sixty day rate to 4 81 and the
Total,
Flour.
Total,
On Thursday
sight rate to 4 84.
the
Bank
of British
North America followed to 4 81 for long and 4 84
short, making all the drawers uniform.
Rates
for
for
actual business at the close yesterday were 4 80 to 4 80J
for long
4 83i to 4 83^ for short ; 4 83f to 4 84 for
;
4 79 to 4 79J for prime and 4 78^ to
;
4 78J for documentary commercial bills.
The tone
was barely steady at the close, with "a fair inquiry for
cable transfers
cable transfers.
eiuling.
hush.
bbls.
Sept. 5.
4,958,000 21M.01S
Sept. 12.. 3.y22,c!10 228,0-)9
Sept. 19.. 4,-163,210 287,080
bush.
bbls.
bush.
324,.507 183.728 1,151.343
bush.
6,074,150
6,755,076
185.783 323,043 1,189,477
165,721 152,576
852,315
Totnl... 13,343,925 763,197 16,778,311
676,071 559,347 3,193,135
4,!»49,0S,5
Nothing could indicate more strikingly than these
results the contrast between this year and last.
While
in the three weeks of 1891 the exports reached 16,778,311 bushels, in the three weeks of last year the shipments were only 3,193,135 bushels, giving an increase
of over 13^- million bushels.
That is, the exports now
are over five times what they were at the corresponding
period a year ago. Or, to put it in another way, we are
exporting from the Atlantic ports nearly a million
bushels a day, whereas in September last year we were
exporting on the average only about a million bushels
a tveek.
It is worth noting, too, that by far the largest
part of the exports are going to the Continent of Europe, nearly 10 million bushels having been consigned
In view of the untoward events enumerated above,
as noted had a temporarily unsettling effect,
it is especially pleasing to be able to state that the conditions which lie at the foundation of the recent revival
of confidence in Wall Street and which make the whole
trade outlook so cheering namely, the assurance of
grain harvests of exceptioaal dimensions and a really
extraordinary demand from abroad for the grain— have
not changed in the least, but have been further to that part of the world, against not quite 6 million
strengthened and coafirmed. It is these conditioas bushels to tho United Kingdom.
that will control the future situation, and not the
The Philadelphia & Reading statement for the month
efforts of any individual, however powerful or malevo- of August is very favorable.
Gross earnings on the
lent.
Another week has passed without the occurrence Railroad are $1,963,755 against $1,824,705, and net
On the Coal &
of a frost, and while the bulk of the corn crop was earnings $1,007,099 against $945,422.
and which
—
harm in that way at the time Iron Company gross receipts
may now be regarded that all doubt $1,747,847, and net $82,707
already beyond the reach of
of our last issue,
ss
it
to the safety of
that important
cereal has been
ramoved. The crop is made beyond all peradventure,
even the late-planted areas having had a chance to
ripen.
It is unnecessary to attempt any exact estimate as to the probable extent of the yield, but it
seems to be generally agreed that the corn production
will be about 2,000,000,000 bushels; whether slightly
above or below that figure does not matter the total
—
are
$1,947,729 against
against
$10,906.
On
companies combined the increase in net
over a year ago is $133,478.
The Northern Pacific
the
two
has this week furnished
July, and
it
its
shows a slight
return for the month of
loss in net, the total for
The
1891 being $779,515, against $806,297 in 1890.
Wisconsin Central, on the other hand, shows a slight
increase, net standing at $183,292, against $171,453.
The Denver & Rio Grande has issued its annual report
ending June 30, and we comment on it on
another page. For tho first month of tho new fiscal
railroads in the way of traffic, and what it means in the year its gross is $708,211, against $810,017, and tho net
way of furnishing supplies later on of meat products $333,935, agaiust $369,435. The Sau Antonio &
in any event be one of the largest that the United
States has ever had.
What such a crop means to the
will
for the year
earnings for Jnly
and foreign consumption, are facts with Aransas
gross
reports
Pass
which our readers are tolerably familiar. As regards of $130,430, against $115,911, and net earnings of
the wheat crop, all data confirm the estimates of a $23,167, against $4,587.
For the same month tho
for domestic
yield of unparalleled dimensiona even for this country,
St.
Louis Alton
&
Terre Haute reports net of $47,107,
THE CHRONICLE.
420
against $44,390, the
New York &
Northern 112,444,
Bank
Sept. 24, 1891.
of
against $8,676, and the Elgin Joliet & Eastern $24,499,
For August the Central of New Jeragainst $13,083.
sey has gross of $1,305,043, against $1,295,535, and
For the eight
net of $560,970, against $587,975.
months
of the calendar year this
company
is
over a
quarter of a million dollars ahead of the corresponding
period last year, net being $3,858,714, against $3,601,-
The New York Susquehanna & Western
386.
August has net
for
of $68,959, against $67,648 last year;
the Baltimore & Potomac $51,410, against $36,995 ; the
San Francisco & North Pacific $52,435, against $38,634;
the Jacksonville
deficit in
$2,306
tral
&
Our
Tampa & Key West
1890
;
$4,256 as against
[VouLUl.
SUver.
Gold.
£
Bnicland
rranM
(Jermany*. ..
AOBt.-Hnn'y.
I^etharlands..
Sat. B'liflum'
Sept. 25, 1890.
Total.
Oold.
£
£
25,606,766
86.606,766
53,544,000 50,288,000 103,800,000
S.5,00J.600 11.687.600 46.870.000
5,474,000 16.513.000
21,987,000
1.554.000
8.018.000
9.573,000
2.91S,.'W3
1,458,867
4.370,000
saver.
Total.
£
21.048.389
21.013,888
50,743.000 50.368,000 101.101.000
25.838.000 12,919.000 38,767,0DJ
4,8'!4.000 18,830.000 21,354.000
4.812,000 6.S42.000 10,154.0002,904.000 1.452.000
4,3.^6.000
Tot.thls week H8.003,590 85,912.167 312,005.788 110.184..389 86.801.000 198,765.389
Tot. pf«T. w'k 138.866.069 86.838.417 212.704,486 111.586.685 86.742.000 198,328.685
• The dt vision (between gold and silver) given in our table of
coin and
bullion In the Bank of Germany and the Bank of Belgium is made from
the best estlmatH we are able to obtain; In neither case Is It claimed tobe accurate, as those banks make no dl-stlnotion in their weekly returns,
merely reporting the total gold and silver, but we believe the division
we make is a close approximation.
Note.— We receive the foregoing results weekly by oable, and while not
all of the date given at the head of the oolumn, they are the
returns
Issued nearest to that date— that is, the latest reported tlgares.
and the West Virginia Cen-
Pittsburg has net of $33,160, against $33,335.
stock market this week has passed through a
period of great excitement.
First
ON OUR SILVER CURREXCY
AND THE GOLD MOVEMENT.
MR. GIFFEN
came the unexpected
announcement of the failure of the large house of S.
The failure it subsequently appeared
V. White & Co.
was the result of operations in corn, but that so important a firm should be in financial difficulties was nevertheless an unfavorable feature.
The market, however,
showed marvellous strength, and though there was
—in part to realize
— and though operators for
Tery extensive selling
profits accruing
The " interviewer " is fast obtaining a foothold in
Great Britain, and no doubt the system which the occupation of that individual has called into existence
will soon be established there as firmly as it is now in
America. We cannot think though that the surroundings are quite as suitable for its developgient in Lon-
as they are in New York.
The two peoples'
methods of thought and habits of daily reading, not to
in prices was not very important, and the tone remained mention other characteristics and localisms, differ in
very strong. The machinations of those interested in too great a degree to find like use for a mode of comthe Gould properties seemed for a time to threaten municating with the public which even here is acmore serious adverse effects, but the market suffered knowledged to be in many ways objectionable.
on the
rise
a decline
made don
great efforts to bring about demoralization, the decline
only temporarily even under that blow. Missouri Pacific
We
are led
to
this
suggestion after reading the
on Thursday declined about 10 points on reports that results of an interview with Mr. Robert Giffen (which,
the dividend was to be passed those identified was considered so important as to have been sent over
with the property taking pains to cultivate the idea by cable this week by the Associated Press) with referthat the reports were correct and Union Pacific also ence to gold shipments to New York now in progress,
fell off sharply, on rumors that the scheme to '^^ake care and with reference j;o the dangers from silver currency
of the floating debt would after all fail, thus making which beset the United States in the immediate future.
a receivership imminent; other shares were likewise Now we should say of Mr. Giffen that, to our
hammered severely, and finally the whole market mind, he is the last man in the world suited
disposition
and
character
and
occupation
yielded.
Yesterday, however, the market again dis- by
an "interviewer,"
played exceptional strength, and the entire list once for becoming the subject of
more bounded upward. Confidence in the future of or fitted for expressing creditably to himself off-hand
values is evidently very strong, and the continued good opinions on questions of currency or State policy. We
accounts in regard to the crops, the heavy breadstuffs are all acquainted with his useful but ponderous
exports, the large shipments of gold from the other articles on "Accumulations of Capital in the United
side, the favorable returns of earnings, and the grow- "Kingdom" and on "The Fall of Prices of Coming signs of general business revival, make a combina- modities Since 1873," and other elaborate statistical
tion of influences whose force and effect it will be hard work.
His literary productions show great industry,
to overcome.
After the close of business yesterday but none of them reveal that accurate, mature, ready
notices were sent out inviting subscriptions to $5,500,- judgment which are so necessary to a man in subEither
000 of the new collateral trust notes of the Union mitting to the arts of an interviewer.
Pacific, and stating that if this amount was taken the article
illustration
referred to furnishes a
fair
plan would be carried through.
Both of course deal with
we mean.
of what
The following statement, made up from returns figures throughout, but each when compared with a
collected by us, shows the week's receipts and shipments like article at a different date indicates what perhaps we
of currency and gold by the New York banks.
may be permitt«d to call a change of base in important
The most conspicuous instance was in
particulars.
Received by Shipped by
Net Interior
Week EfuUnt Sept. 25, 1801.
2V.F. Banke. N. T. Banks.
1888, when Mr. Giffen read an elaborate paper before
^fovement.
Currency.
$1,397,000 $1,101,000 I.os8.$3,00l,000 the Statistical Society of London on " Recent Changes
Gtoia
500,00(1
S,900,000 Loss. 3,400,000
in Prices," etc., in which by a very curious course of
TotJLl gold tnd legal tenders
S1.897.0WI $8,301,000 LoBS.$B.iO«.000
reasoning he made the figures reach a conclusion almost
Result with Sub-Treasury operations and gold imports.
the opposite of that reached in the article on " The
Into
Out of
WeA Bn/lnj Sept. 25, 1891.
W«( Ohanfje in
Of course
Fall of Prices of Commodities Since 1873."
Bankg.
Bank?.
Sank Holdinga.
opinion
Badkt* Interior movement, as above $1,897,000 $8,301,000 Lo.ss.$8.401,000 there is nothing objectionable in holding an
Snb-Treas. oper. and gold imports.. 15,760,000 U,300,000 Gain.
1,450,000
one year, and quite a different opinion on the same
Total gold and legal tendera 1$17,647,000 $22,801,00(1 Los3.$4,954^000
All we say is that such changes
facts at a later year.
The following table indicates the amount of bullion and such qualities of mind and character as Mr.
In the principal European banks this week, and at the Giflen's work discloses are not of a kind to make his
corresponding date last year.
impulsive, unmatured utterances very valuable.
—
—
Septkmber
We
THE CHRONICLR
26. lUvl.j
mention these
facts
lest
some
readers
may,
tlirough a lack of accjuaintance with Mr. Oitfen's char-
undue importance
acteristics, give
gestions.
to his present sug-
In the form they reach us by cable
a reckless, positive, oracular tone to
does not at
all
add
to
their weight.
all
of
tlicro is
them
wliich
First Mr. (Jiffon
crisis,
and
421
finally fixes
upon February next
as the date
worst of the positionl"
Surely Mr. Giffen's imagination must have run away
with his judijment. There never has boen greater
when America "
activity in the
will realize the
movements of currency to the remoter
West and South than now; and
sections of the country
the public that "before 10 millions sterling in biil- so long as silver certificates are absorbed
and^k«pt in
" lion is sent to America both the Bank of England and use, wo cannot see how
a "crisis" can ba anticipated
" the Bank of France would raise their rates of discount from their issue. Europeansnot
infrequently omit, when
"and check the drain; not bullion," he adds, "but making their currency forecasts for America, tojtake
"securities and exports will go to America to pay for in the important circumstances of
size, resources and
" grain." If that be true, why should the banks named innumerable centres of
industrial development which
tells
delay action until they lose 10 millions sterling when are now scattered all over
the newer sections.
If comthey can so easily stop the drain ? Surely they both merce was at a standstill, these
would be comparatively
showed great eagerness to get the gold, and we do not unimportant facts. But with such conditions
to deal
need to say that they part with it unwillingly. As with, at a time when the agricultural
productsjof the
the disposition, then, to hold on exists, and the power country now being harvested are
the largest within its
to prevent the bullion's leaving also exists, why not history, the whole
surplus of which Earope Iseems to
use the power at once?
want, does it not require remarkable foresight Jto be
The truth is Mr. Giffen's claim rests on a wholly able to prophesy a catastrophe within four months?
erroneous idea of the effect of any such obstacle to the
movement
of gold.
If Europe buys our breadstufls
Europe has got to pay us for them, and has got to pay
us in gold if we do not elect to take something else in
RIVER AND RAIL COMPETITION.
kaowa that owing to tha digering]|coniiunder which river and railroad transportation are
est by the Bank of England might be to turn upon conducted no direct comparisons betweenjthe two are
France the burden of making the payment if the rate possible. A'ld yet interesting and valuable deductions
went higher it might also check speculation in Ameri- can sometimes be made from statistics relating to the
can securities and induce the return of the floating sup- one or the other. Such deductions notjinfrequently
ply as well as the transfer of floating capital to England. throw a great deal of light and have an important bearBut the pressure, so far as its influence upon America ing on the problems arising out of the comp3tit'on
is concerned, could accomplish much less this year in between M^ater and rail routes
problems among the
these latter particulars than for many years previously. most difficult and embarrassing with which railroad
The last twenty-four months have taken from us in managers are confronted. One trade centre or traffic
great part all the European capital which could be point has water connection and gets the benefit of a
easily dislodged.
this the railroads are obliged to m3et^n
low rate
Furthermore we have lost so much gold during the whole or in part if they would retain a share of the
period mentioned that the general sentiment here is that traffic. As a consequence those doing business at other
our currency needs for its better security a return from points not so favorably situated think they ought to
Europe of the bullion it has taken from us that just have the same rate, and feel aggrieved if they do not
as France fortified,its silver by hoardings of gold in such get it.
Sight is lost of the fact that if all the traffij of
a phenomenal amount by the Bank of France, a road were carried at the low rates ruling at competi80 we require
to
replenish our
supply for a tive points the road would not bej able to^m^et its
like
purpose.
This
sentiment
is
indeed
so charges, and hence would have to go into bankruptcy.
general
and so
deeply
It seems evident enough why water transportation
felt
that
it
has
depressed our trade and is materially reducing our im- should be cheaper than ordinary rail transportation.
ports to-day.
Hence the chief effect of severe pressure The fact that in most cases those using the water
by the Bank of Eagland such as Mr. GifiEen proposes, routes are not obliged to pay interest oa the money
would be to increase this depression and further check spent in creating the routes or making them available,
the place of gold.
The
effect of raising the rate of inter-
It is well
tions
;
—
;
—
—
our purchases of commodities abroad. And after all,
what would prevent the needed gold from coming to
New York?
It
may be worth reminding Mr.
Giffen,
when Great Britain uses force to destroy
America she harms her own trade most of
is
alone an advantage of very great importance.
great the advantage
In a case like our
too, that
the
deal
trade of
all.
each year
But Mr. Giffen wanders even further from the realm
of
fact in
what he
He
tells his
interviewer that there are at
asserts
about our silver currency.
the present
time a considerable number of " stable American houses
"engaged in preparations to face a silver crisis by
"making gold purchases in Europe." It is of course
impossible to disprove this statement, but we think we
of
money
is, is
own
How
commonly understood.
not
Erie Canal, which cost a great
to build,
and
is
costing large amounts
maintain, and where yet boatman are not
charged any tolls the State meeting expenses, interest
to
—
and everything
is
else
out
of
taxes
—in
sach cases
it
usually recognizad that great aid has been given the
water-carrying interest in the freedom from all charges
said interest enjoys, though the proportions of
which
such aid are known to but few. It is not so generally
appreciated, however, that even the natural waterways
are in a position to discover and recognize the con- require considerable expenditures each year, and that
dition, if such a state of affairs existed. Speaking from very heavy outlays have baen and are still being made
our own point of view, we should say the assertion is on them to render navigation safe, to provide batter
absurdly untrue, and that not a sign of evidence can
be discovered here to support it.
Mr. Giffen does not
and deeper channels, and to remove obstructions and
impediments to the movements of vessels. Cjngress
however even stop with that statement. He goes on to is all the time voting appropriations for this purpose.
say that the currency crisis which overhangs the coun- As, however, the Government does not ask to be retry is now so imminent that it is impossible to avert the imbursed for these expenditures, and as no return in
THE CHRONKJLE.
422
rvoL.
uii.
left to represent the sum spent for improvements on the
the shape of interest on the money spent is expected
acUpper Ohio, and by means of which the owners of the
no
or exacted, such outlays are treated as of little or
calcu$6,111,813 floating equipment have been enabled to gain
making
count. It is not strange, therefore, that in
a livelihood and make their capital investment profitadisregarded.
entirely
lations they are in so many cases
ble. If we assume that the boatmen are now getting only
covthough
bulletin,
Census
Some data in a recent
of
a fair return on their investment, then it is evident tha
idea
an
give
help
to
field,
will
limited
ering only a
what large sums have been spent for improvements of if they had to provide out of their earnings for interest
the description mentioned. The bulletin in question on the outlays made, as the railroads^are obliged to do
relates to transportation on the Ohio Eiver and its that is, if they were obliged to earn a return on twelve
and it attempts to show among other things
the cost of the improvements made on those streams as
represented by the expenditures of the United States
for that purpose and by State Governments and others.
Altogether it is found that over 12 million dollars
(812,129,713) had been spent for improvements up to
tributaries,
millions of capital instead of only about six millions
move freight
at the
present rates, but would have to charge very
much
the boat owners would not be able to
from which it is obvious what an advantage the rivermen have, and how difficult it is for the railroads to meet their competition.
Another point is worth bringing out, and that is the
1889 ; this, applied to 1,428 miles of navigable water
]ine, gives an average of almost $8,500 ($8,494) per mile. very low cost per ton at which the floating equipment
The boats are of
All but about SJ million dollars of the amount was spent employed on the Ohio River stands.
by the United States. In some cases the improvements the cheapest description, being chiefly unrigged
figure out as much per mile, and even more, than it barges, but they answer the purpose for which they are
would cost to build a mile of railroad. Thus on the used, namely the carrying of coal and other low-class
Great Kanawha the United States has spent, according freight. The tonnage capacity of the vessels being
covering 89 ^,526,414 tons and the value of the vessels being but
to this Census bulletin,
$1,976,203,
miles of navigable line, or an average of $22,205 $6,111,813, the average per ton is less than 2^ dollars.
per mile.
On the Muskingum River the United In the argument made by E. B. Stahlman on behalf of
States had spent down to the date to which the Census the Louisville & Nashville, in the famous case brought
bulletin comes $532,504, and the State of Ohio had before the Inter-State Commerce Commission soon
spent on the river prior to the time when the United after its appointment, it was shown that it cost a boat
States took hold of the work $1,628,028, making $2,- owner less to build his steamboat than it does the
Professor Henry C. Adams, the railroads to purchase equipment capable of moving the
160,532 together.
Statistician of the Inter-State Commerce Commission, same amount of tonnage, not to speak of the outlay
under whose direction the statistics in the bulletin were for road-bed, track, &c. Mr. Stahlman took the line
collected, states that at present steam navigation on the between Cincinnati and New Orleans as an illustration,
Muskingum does not extend above Zanesville, a dis- and he placed the outside cost of a steamer of 1,000
tance of 75 miles from the Ohio apportioning the tons capacity at $40,000, or $40-00 per ton.
On the
$2,160,532 improvements to these 75 miles gives an other hand, to buy fifty cars of 20 tons capacity (makaverage of $28,807 per mile. On the Monongahela ing the equivalent of the 1,000 tons of the steamer)
considerable amounts have been spent by a corporation, would involve an outlay of $25,000, and two engines to
in addition to what the United States spent, and the haul the fifty cars would involve a cost of $20,000
average is $22,391 per mile. On the Ohio Eiver proper more, making together $45,000, as against the $40,the improvements average $5,229 per mile, and this 000 cost for a steamboat. This is figured, we have seen,
covers the whole 967 miles over which the river is navi- on the basis of $40'00 per ton for the steamboat, but if
gable, the aggregate expenditures of the United States the Census figures are to be believed the value of the
on that river amounting to over five million dollars
low-class craft used on the upper Ohio averages less
higher figures
;
;
than $2 '50 per ton capacity.
AVe have stated that the freight moved by these
taken in connection with the character and cost of vessels was chiefly coal and other low-class traffic, but
the vessels which ravigate the Ohio and its tribu- the tonnage nevertheless reaches a very considerable
taries and which get the benefit of the heavy outlays amount in the aggregate
the total freight moved for
for improvements.
An attempt has been made to local- the season of 1889 being reported at 10,744,003 tons.
ize the floating equipment
that is, the boats and crafts The average haul having been quite long, the tons moved
used ever the routes covered by the Ohio above Cin- one mile was in excess of two thousand million tons
cinnat', the 500 miles of the Ohio from Cincinnati to 2,076,866,145 tons.
Taking coal shipments alone and
the mouth of the river being excluded for the purpose of counting the distance all the way to final destination
this investigation.
Such an attempt at localizing the which in some cases was as much as 1,980 miles (Pitta$5,056,479.
These
results
become
still
more
interesting
when
—
—
—
floating
equipment would seem an exceedingly
difficult
burg
to
New
task, but accepting the Census statistics on that point
there are 5,214 vessels altogether, with a tonnage capac-
tons,
ity of 2,526,414 tons,
Pittsburg,
and having a value
of $6,111,-
Orleans)
mile reaches a
and
still
— the
tonnage movement
one
larger aggregate, or 2,973,733,387
merely original shipments from
Point Pleasant, Va., Pomeroy, 0.,
this covers
Pa.,
813.
We have seen that the aggregate cost of the im- Bellaire, 0., and Ashland Ky.
provements on the Ohio River, counting the distance
Thus the Ohio boatmen not only carry on their busboth above and below Cincinnati, has been
$12,129,713. iness under favoring conditions, but as a necessary
How much of this should properly be charged to the consequence they secure a very heavy traffic. Operadistance above Cincinnati is a question. But
knocking tions on the Ohio River are in some respects exceptional,
off one-half the whole amount to cover
improvement's and yet the results in this case offer a clear indication
below Cincinnati (that part of the Ohio as already
said of the disadvantages under which railroad carriers
not being included in the calculations as to
floating generally labor as respects competition with the water
equipment) and to cover also other amounts that
should routes on low-class freights chiefly, but sometimes
perhaps be deducted, we ttill have six million
dollars also on the higher classes.
—
Skptbmbbr
THE CHRONICLE
26, t891.J
THE DENVER & RIO GRANDE REPORT.
428
JOven
heads combined the increase reaches $161,350.
add
on
the
should
$20,842
increase
in
contingent
if we
While recent events have heightened interest in J )en ver expenses, and the $22,108 increase in general expenses,
(Jrande aiTiiirs, the annual report of the company the total would be only a little in excejs of two hunwould attract considerable attention in any event, for dred thousand dollars, whereas the augmentation in all
the property is a prominent one. It embraces over expenses, as wo have seen, is over seven hnndred thousixteen hundred miles of road, situated in a rapidly sand dollars, thus leaving a full half a million dollars
growing section of the country, and forming besides an as coming from other sources.
important link in a system of trans-Oontinental lines
This half a million dollars increase is found in the
to the Pacific, its value in the latter sense having been cost of conducting transportation, \^ich for 1891
greatly improved by making the principal parts of the stands at $3,027,067, against only $2,524,415 in 1890.
mileage standard gauge. There are outstanding on Maintenance expenses, whether for roadway, bridges,
the property nearly 43 million dollars of mortgage buildings or rolling stock, always deserve to be closely
bonds and over 61^ million dollars of stock, preferred scrutinized, for it is within the power of a manageand common, and these securities have found a widen- ment, if so disposed, to vary the amounts greatly from
ing market since the company, through reorganization year to year^at one time spending with extreme liberfive years ago, was placed on a basis intended to ensure ality, at another practicing the utmost economy
with
its permanent solvency.
The income of the property the effect of causing wide fluctuations in net income.
is also of large dimensions, reaching in the late year
In the case however of the expenses for conducting
about 8^ million dollars gross and about 3 J million dol- transportation, such a course is possible only in very
lars net.
minor degree, and hence the fact that on the Denver &
The report does not contain any extensive remarks, Eio Grande the changes in the maintenance expenses
but is very complete in the statistical information fur- have not, all things considered, been very great, the
nished, this being elaborate and minute.
The various increase being mainly in the cost of transportation, is
statements which it gives present a clear and intelli- significant. Yet more significant is the circumstance
gent analysis of the company's operations and finances that the increase under the latter head has been very
There are
in a way, too, easily within the comprehension of the general, extending to nearly all the items.
ordinary reader.
While the report is for the year just thirty separate items ennumerated, and of these
ending June 30, 1891, there are also separate state- twenty-six show an increase and only four a decrease.
ments to cover the operations of the six months ending
It is not difficult to account for this increase in the
June 30, 1890. Formerly the fiscal year was the same items of transportation cost. In the first place the
as the calendar year, and the last report brought the company operated a larger mileage, which would natuaccounts down to December, 31, 1889; the present rajly add to expenses. In the second place, the road
return is made to embrace the period of eighteen handled and moved an enlarged amount of traffic, both
The nummonths from that time to June 30, 1891.
in the passenger and freight departments.
Of course, interest in the report centres chiefly on ber of tons of freight carried was 2,093,660, against
the question whether the income and finances of the only 1,833,874 tons in 1889-90, and the tons moved one
& Rio
—
—
company would have justified the payment of a dividend on the preferred shares in August. It will be
remembered that after paying 2^ per cent on those
shares in February, the August dividend was entirely
omitted.
It will also be remembered that this led to
some very severe strictures on the management, particularly on the other side of the Atlantic.
One reason
why no dividend could be paid was that net earnings
mile 308,529,371, against only 279,596,391. The number of passengers carried was slightly less in 1891 than
in 1890, being 673,735, against 694,846; but the pas-
sengers one mile
increased nearly three millions,
and
reached 66,135,652, against 63,331,699. The road had
general business depression to contend with in the late
year, and it also suffered to some extent from the short
grain harvests.
At the same time, with the Colorado
proved so very much less satisfactory than the gross, Midland in the possession of the Atchison, it had inthe net actually falling off, while the gross materially creased competition to meet. Under the circumstances,
improved. It is very desirable to know the cause for the increase in the traffic of the system must be
this, and the statements in the report afford the data regarded as very satisfactory, and evidence that the
for a careful examination.
As compared with the business tributary to the system's lines is being caretwelve months preceding,
gross earnings for the year
fully developed.
ending June 30, 1891, increased $487,784 (nearly the
It is worth noting that there was in the lite year also
whole of the gain being in the freight earnings), while a further decrease in the average rates received by the
Thus the average per ton
at the same time there was an augmentation in expenses company per unit of traffic.
of 1706,952, thus leaving net earnings diminished of freight per mile for 1890-91 was 2-01 cent, against
2-05 cent for 1889-90, and the average per passenger
$219,168.
It may be thought, perhaps, that exceptionally heavy
amounts were spent in the making of repairs, renewals, etc., and that the augmentation in expenses arose
in that way.
But that view is not borne out by the
facts, and hence it follows that the increased operating
cost must be attributable to other causes
causes presumably outside the control of the management. Maintenance of roadway expenses foot up $953,492 in 1890-
—
per mile 2-62 cent, against 3-70 cent.
Such
rates
seem
high as compared with the averages which obtain oq
the large systems further east, but railroad operations
in Colorado are carried on under somewhat exceptional
conditions, and furthermore the averages have largely
and steadily declined in recent years, in unison with
the tendency in other sections, so that they are very
materially lower than but a short while back.
For
in-
91, against $964,076 in 1889-90, being a decrease of stance, while the average per ton per mile for 1890-91
$10,584. For maintenance of rolling stock $795,053 was is 2-01 cent, for 1886 it was 2-60 cent and for 1888
spent, against $701,755, an increase of $93,297, and for 3-65 cent.
In the case of passengers, the average at
3-62
with 4-16 cents in 1835 and 5*13
cent
compares
maintenance of bridges and buildings $242,952, against
$164,314, an increase of $78,638.
Under
the three
cent in 1882.
THE CHRONICLE.
424
These circumstances are of importance in their bearing upon the question of expenses and transportation
cost, for if some of them do. not add directly to expenses, they all tend to raise the ratio of expenses to
As far as the increase in mileage and in
earnings.
traffic in
the late year
is
concerned, the effects of this
are plain
in swelling expenses
and palpable.
It is
noticeable, too, that the increased traffic was attended
by a decided enlargement of the train movement, the
mileage of freight trains in 1890-91 having been 3,714,388, against only 3,337,919 in 1889-90, the increase
thus being over 16 per cent, whereas the increase in
tons of freight moved was only about 14 per cent, and in
This larger train
tons one mile not quite 11 per cent.
movement was
of course a farther factor in the increase
in expenses, and ia addition
we may suppose that the
labor cost was higher in some branches of the service,
and possibly also other elements of cost were higher.
At all events, of the $503,651 increase in the expenses
for conducting transportation, by far the largest propor-
chargeable to the items of engine service, fuel and
expenses, freight train service, passenger train service
tion
is
and expenses. Incishowing increased
net,
the Denver & Kio
diminished
gross earnings and
The Chicago Milmeans
alone.
no
stands
by
Grande
waukee & St. Paul in its operations for the same twelve
months had a like experience, and President Koswell
Miller made it the text for some pertinent observations
on the general railroad situation. The Chicago &
Northwestern in its late fiscal year also had a decrease
in net on a considerable increase in gross.
and expenses, and
dentally,
station service
we may remark
The Denver's
loss
in
that in
net being thus referable to
normal causes, let us see what was left for the preferred
•hares on the basis of these diminished net.
A few
months ago, in seeking to answer the same question,
we had to deal to some extent with estimates of the
Vol. LIU.
The company did
hand June 30, but it
does not exist in the form of cash.
have
$760,019
owed
at
of
cash
on
same date $1,690,783 on vouchers,
and had $603,285 of coupons to
pay.
during
Moreover it contracted
the year
$1,543,549 of floating debt in the shape of loans and
bills payable.
The grand aggregate of all current liabilities June 30 was $3,968,097, against which the company held $3,758,333 of available offsets (not counting
$880,139 of materials and supplies on hand), leaving a
net excess of liabilities of $1,309,775.
Of course, this
is not very large as to either gross or net debt, and
doubtless the management could have borrowed further amounts and paid the dividend.
But when the
company was reorganized a few years ago it was reorganized on a conservative basis, and it has evidently
been the aim to continue it on that basis.
the
pay-rolls,
&c.,
pt0Metat:a5®onxmcvclal gitcjUslx
^cws
[From our own correspondent.]
London, Saturday, Sept. 13, 1891.
The rise in rates for money which seemed inevitable last
week has been checked since. Partly this is due to the fact
that the shipments of gold to Germany have not been as large
as was expected, while more gold than was sent away is
coming in from other quarters but mainly the cause is that
bill brokers and bankers now think it probable that not so
much gold as was feared will be shipped to the United States.
They argue that as the New York money market has remained
easy up to the present, and as October is generally an easy
month,
il is little danger of serious stringency, and consequently that there is no reason why gold should be taken from
Europe, Of course, if a large demand for New York springs
up, rates here and upon the Continent will rise rapidly, but
otherwise the market is likely to continue easy. At the
;
present time
it is difficult
cent, while the discount
to lend
even
for a
rate in the op3n
week
at
market
J^ per
the
for
week has been no better than IJ^ per cent
money ia very abundant and cheap,
Now we have the actual results. In and as yet there is no symptom of stringjencv in Berlin.
year's outcome.
Generally the Berlin market tightens up aa September
brief, after allowing for expenses, taxes, interest and
advances, and this year it was feared that there might be
other charges, and contributing 1359,816 to the fund serious stringency, partly because of the distrust that exists
for renewals and betterments, there was left a balance and partly because of the conviction that much gold will have
of net income on the operations of the twelve months to be sent to New York to pay for the grain that will have to
The dividend paid in February absorbed be imported. But as yet even in Germany money is not
of $697,983.
greater part of the
easy.
In Paris likewise
•
$591,350, leaving a surplus of only a
little
over $106,-
tight.
The
market remains as inactive as ever. For a day
of Spain bought freely, but even the Spanish
demand has since fallen off. There is scarcely any demand
over, if we allow for certain items of debits' against for Portugal or Italy, and American operators are doing nothprofit and loss, even this small surplus disappears, for ing here. There is an impression at the same time that we
accumulated surplus which on July 1, 1890, stood at shall see a recovery in silver before long, but in spite of this
the market for the moment is quite inactive, the price being
$1,890,596, on July 1, 1891, had been reduced to $1,45%d. per ounce.
738,886 as a result of these debits, though it is proper to
The market for American railroad securities has been less
add that one of these debits simply represents the active than last week. On Friday, Saturday and Monday
charging up of interest accrued but not due. As for there was a large business done and prices steadily adthe $359,816 allowed for betterments, that is just vanced, but since then there has been more quietness. Sevabout the average allowance for that purpose, the total eral of the large dealers were surprised by the suddenness and
rapidity of the rise in prices. From time to time they have
contribution for the period since the reorganization
been endeavoring to bring about a reaction for the sake
that is, from July 13, 1886, to June 30, 1891, a little
of laying in stock, and this week a very earnest effort
less than five years
having been $1,117,139, or say was made on Tuesday and Wednesday to cause a
000, equal to less than one-half of one per cent on the
$33,650,000 of preferred stock outstanding.
More-
silver
or two the
Bank
—
about $335,000 per year.
There can be no doubt that such contributions out
of net income for betterments are wise.
Our English
friends
who
object to
them
conditions as to railroad
lose
sight of the fact that
the United States are
traffic in
from what they are in the United
Denver case some special reasons
could be cited for making such contributions. It may
however be claimed that a dividend might have been
totally different
Kingdom, and
in the
paid out of the accumulated surplus of $1,738,886.
But as was said on a previous occasion this surplus
decline.
One
great dealer
is
said to have sold
upon Tuesday
thousands of different kinds of shares. He had been away
holiday-making, and had thus been caught out of stock. He
continued selling on Wednesday morning, but on Wednesday
afternoon, finding the market go against him in spite of all
The large operators are,
his efforts, he began to buy back.
Most members of the Stock Exhowever, in a minority.
change expect a continuance of the rise, and the general public is undoubtedly dealing more freely than it has done for a
long time past. There are complaints that railway companies
find it difficult to sell their bonds, yet it is stated by many
brokers and dealers here that the demand for bonds is better
than it has been for a considerable time past, and altogether
»
Skptbubbr
18U1.]
36.
the probability
now
is
THE CHRONICLE.
that the mirkot will continue active
for the remainder of the year.
There haa also been much ntcadiness in the market for
South American securities. Tlie defeat of President Balmaceda is warmly welcomed here, and there is a very decided
inclination to support the new government in every way possible.
The Uruguayan compromise it now seems certain will
be carried through in spite of the opposition of the bondholders; and from day to day people are expecting the announcement that a commissioner hits been chosen to go out to Argentine to study the situation on the spot and report a plan for
adjusting the debt.
Soutli
American
Altogether, the feeling here respecting
is very much more hopeful than it
affairs
With the exception of the end of
the civil war in Chili, it is difficult to see on what the more
hopeful feeling is based, but there is no doubt that a more
hopeful feeling does exist, and that it is now possible to deal
freely in securities which for ten months past were absolutely
unsalable. In British railway stocks there is little doing,
and there is also little doing in miscellaneous securities, though
the market for South African gold shares ia somewhat better.
Some of the larger operators who have tJeen long interested
in the market are looking for a decided revival n-^xt year, and
has been for a year past.
they are therefore quietly buying up at the low prices which
now
prevail.
is announced that a syndicate of Paris bankers has arranged for a new Russian loan of 20 millions sterling, bearing
interest at 3 per cent. It is said that the loan is taken firm by
the syndicate at about 81}^, and that it is to be offered to the
public at about 84; in other words, the interest on the money
invested will be about 3% per cent. Not a little surprise has
been caused by the announcement, and especially at the hi<^
price at which the loan is to be offered. This Russian loan in
fact is to be higher than the bonds of the German Government. The gloomiest news reaches us from Russia. It is said
It
426
Berlin it is rising and falling in a confusing way, but there
can be no doubt that the permanent tendency ia downward^
for Russia will have no rye to export this year and but little
wheat; and it is difficult to see therefore how she can keep her
foreign engagements.
The Board of Trade returns for August show an increase in
the value of the imports of about 4}^ per cent, but the in;
is largely due to the rise in the price of grain.
The
value of the exports of British and Irish produce and manufactures shows a falling off compared with August of last
year of £2,147,000, or nearly OJ^ per cent. Of the toUl decrease about one-third is in the exports to the United States,
There is also a decided falling off in the exports to South
America, especially to the Argentine Republic. There is likewise a falling off in the exports to India. The United States,
the Argentine Republic and India together account for about,
half the falling off in the value of the exports; the other half
is in the general trade of the country.
For the eight months
of the year the value of the imports has increased 2"38 pec
cent, while the value of the exports fell off i% PC cent.
There is a very grateful change in the weather this week ;
it has become quite summer-like, with bright sunshine an<t
great heat. Harvesting, therefore, has become general, and
at last we have a prospect of getting in the crops in good conThere seems no doubt, however, that the rains and
dition.
high winds of the last three weeks have done irreparable
damage. The grain has been shaken almost everywhere to a
very great extent, and the stalks have been laid and beaten
about. The estimate now is that we shall require during the
next 12 months to import from abroad somewhat over 1ft
millions of quarters, against the usual imports of 18 million?.
Much damage has also been done upon the Continent, yet
prices have given way mainly because of the very large exports from the United States.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c,,
compared with the last three years :
crease
districts
are suffering from famine,
papers predict that almost all over
1891.
1889.
1S90.
1888.
the
peasantry generally will be plunged
Sept. 9.
Sept. 10.
Sept. 11.
Sept. 12.
in the deepest distress before the winter is over. It is clear,
•
s
t
s
^
15.731,375
84.Bfl5,»05
24.a9.3,98D
81,»73,940
therefore, that the Government will not be able to collect the Ol«alatlon
6.207.712
2,e53,26t
4.40J.301
3.810.380
taxes promptly, while they will have to spend large sims PBbll«d<poilU
Otlur d«pO€lt«
81,868,7U
1I7,815.U5
St.TSl.MO
21.810,292
upon public works, seed and the like. The finances, there- OOTeramcnt •oarltlM
10,iaJ.«55
14,S<I0.893
U.7tl,40O
U,2ii.2S7
28.0S9.S93
2U.8S5,«t3
20,080.532
19.731.010
fore, are sure to fall into disorder; and people are asking OtktriMirHlM
17,282.391
1S.9«3,M5
12,431,0ie
12,e95.«i«
EM«rT*
whether it is possible that this new loan can be floated in 0«ln»na
»«,593,7«8
82,237,525
20.880,921
20,789.5S«
bmlllom
Paris.
Already the holdings of Russian securities in France Prop, musts to llabUltiM.per ct.
it 5-16
iL
45^
iOK
i
i
i
Bankrate
perct.
in
are very large, and it is thought hardly likely that investors
95 H,-ia
97 3-18
98 5-16
Oonioli t5< p«r «B«t
95 5-18
will care to add to those holdings.
On the other hand it CUaring-House returns
98,469,000 137,487,000 109,966,000 101.937,00O>
should be borne in mind that the syndicate is very powerful.
Messrs. Piilev & Abell write as follows:
It is said that the Credit Fonder de France is to be at the
GoM—The Bank has received S84,0OO gold and £67,000 has been
head of it, and if so the influence wielded will be very great. withdrawn, chiefly for Germany, for which country there Is still a good
demand.
.Arrivals: Bombay, *i2,500; Gibraltar, «3,400; BrazlT,
In preparation for this ^new issue all inter-bourse securities
*38,800; South Africa, £38,000; Australia, X4,OO0; New York,
are being pushed up by the syndicate. Russian 4 per cents X4,000; West Indies, «3;S,000; total, *163,700. Shipments to Bombar
Sept. 10th, 446,500.
have been over 98 this week, and even Spanish 4s have been
Silver— Since our last silver fell to 44 'ad., but on strong Continental
buying has risen steadily since September 7th, and closes 45>i. d.
over 73.
Arrivals: West Indies, «i8,000. Shipments to Bombay, Sept. 10th,
The rise in Spanish is hardly less surprising than the new £15,"iOO.
Mexican Dollars—The demand for Mexican dollars from the East is
Russian loan, for it is now said that the disturbances at Co- not
so keen, and the coin Is to day quoted at its melting value.
nmna were more serious than at first reported, and that the
The following shows the imports of cereal produce into th»
Government is so apprehensive of a great republican rising that
United Kingdom during the first week of the new season comit has under consideration the calling out of a portion of the
pared with previous seasons :
reserve and the formation of a new corps d'armee. Apart altogether from the dangers of a revolutionary rising. Spanish
1890.
1889.
1838.
1891.
1,434.644
1,128,350
finances were already in a sufficiently bad state; but if there Wheat
1,482,363
pwt. 1,687.608
181.484
332.801
232.674
Barley
333,.598
should be a civil war the condition of affairs would become Oats
418.918304,653
377,401
384.910
29,477
40,119
34.307
20,595
desperate. Yet, in spite of all, the price of bonds has been Peas
76.406
27,884
85,235
Beans
11,871
rushed up two points in Paris. Even Portuguese bonds have Indian corn
682,288
800.285
793,758
874,506
3J9.60O
370.177
382,303
183,326
been put up, and so have Italian. There is a report like- Flour
Supplies available for consumption (exclusive of stocks on
•wise that a syndicate of Paris bankers is negotiating with the
that already
and
vast
Russian
empire the
the
Greek Government for the purchase of the tobacco monopoly,
being to wipe out the floating debt but the
negotiations, as yet at all events, have not come to anything.
While Paris is thus buoyant there is an undertone of political uneasiness all over Europe, partly owing to the French
and Russian demonstrations, partly to the success of Russian
the object
diplomacy
;
the matter of the Dardanelles, but mainly to the
anxiety as to what may happen if there is very severe distress
throughout Russia during the winter. The rise of prices in Paris
has greatly relieved the Berlin market. Embarrassed German
operators are able to sell freely now, and it is hoped, therefore, that
in
the liquidation at the end of the
month will not
Meantime there
prove so difficult as it was expected to be.
are extraordinary fluctuations in the value of the rouble in
September
1):
1891.
Importsofwheat.oirt. 1,687.603
Imports of flour
183.326
284,830
Sales of home-grown.
1890.
1,482.363
283,301
500,362
1889.
1.434,844
370.177
523,530
1898.
1,128.350
339.60O
383.473
3,153,764
Total
..
1891.
Aver, price wheat week... 41 8d.
2,165,023
1890.
2,328,341
1889.
1.,731.
34».
«d.
SIS.
Od.
The following shows the quantities of wheat.
maize afloat to the United Kingdom:
Thit wetk.
qri. 1,663,000
Witeat
Hour, equal
HalM
>o
qn.
qr«.
183.000
132,000
Last uuk.
1,730,000
175,000
310,000
1890.
2,214.000
222,000
583.000
42»
18SS.
378.
flour
9d.
and
1889.
1,493.000
180,000
358,000
BnKllsta Flaanoial .Tlarketn— Per Cable.
The daily closing quotations for securities, &c.. at London,
are reported by cable as follows for the week ending Sept. 3£^
THE CHRONICLE.
426
London,
Hon.
Sat.
d 4413iB 44i3,a
BUver, per oz
Oonsols.new. 2% per cU. 94i3,e 941118
94i3i„ 9411,8
(or
account
do
95-82i«
Fr'oli rentes (in Pariajlr. 95-77111
102i«
103
8.41^8
1891
01
V.
I19I9
119%
U.S. 4a of 1907
92>»
Pacific
925a
Canadian
78
Cliic. Mil. & at. Paul.... 76^
106i«
107
nunoifl Central
125%
125
liake Sliore
837s
I,oui8Tille& ffasliville-. 83
76
75%
Mexican Central 43
II514
Hudson.
&
1141a
H. Y. Central
31%
H. Y. Lake Erie & West'n 31% 107i«
10719
2d cons
do
6719
Korf oik & Western, pref 56''8
Northern
Paolflc, pref.
77%
.
Pennsj-lvania
Philadelpliia& Reading.
Union Pacific
561a
50%
22 Is
22
43%
4414
34I2
33I8
Wabaali, pret
Wed.
44^-3,8
4478
9411,8
94»,8
94918
9411 la
9600
9610
103
1201«
108
120i«
9214
76^8
IO7I4
IBS'*
83 14
79
Thtir:
Tiiei.
9214
78
107>a
12714
83%
75%
76
rn.
!
45%
45 14
9411i«
9411i«
94=8
9459
96-17ia96 32
103
103
I2013 120
92=8
771a
91»s
7658
106
125
108
1261a
H2ia
S3''s
75''a
75%
llSij
114%
115%
114%
32
3118
1071«
571s
321a
103i«
3118
1071a
57
107%
80%
80
58
81
56i«
56%
5633
22
47
21^
22
21
58
414
31%
46%
34 H
45 19
33%
341*
78%
—
Imports and Exports for the Week. The imports of last
week, compared with those of the preceding week, show an
general merchandise.
increase in both dry Koods and
The total imports were $9,650,658, against $7,867,930 the preceding week and $8,458,292 two weeks previous. The exports
for the weekended Sept. 22 amounted to $10,551,984, against
$7,447,608 last week and $7,765,552 two weeks previous. The
following are the imports at New York for the week ending
{for dry goods) Sept. 17 and for the week ending (for general
merchandise) Sept. 18 also totals since the beginning of the
first week in January.
;
rOBEIOM ntPOKTS AT
For Week.
Dry Goods
Gen'l mer'dlse.
Total
Since Jan. 1.
Dry Goods
Oen'l mer'dise.
$2,039,361
6,231,83l|
$8,697,419
$8,271,192
1891.
1880.
to notice the offer by Messrs. N.
Harris & Co., of this city, Boston and Chicago, of $450,000 six per cent gold bonds issued by the Davenport & Rock
Island Railway Company. This company operates all the
lines of street railway in the cities of Davenport, Iowa, and
of Rock Island and Moline, Illinois, representing a combined population of over 60,000 people. The fiscal showing
of the earnings of this company gives a net of some §40,000
for surplus and dividends, and with the larger facilities now
contemplated, much larger earnings are expected. By reference to the notice in our advertising columns the full fiscal
report, together with examination of engineers, may be found.
—Relating
we are informed that the
Paul Road is now using the Krupp
steel tires, represented in this country by Messrs. Thos. Prosser
& Son, instead of the domestic or other foreign makes, notwithstanding the American tire may be purchased for onethird the price of the Krupp per pound. The company came
to the conclusion that it would use the Krupp tire after extensive tests which proved that these tires cost about $200
less per engine in repairs alone, besides giving better speed
and saving the w<?ar and tear of both track and engine. Other
companies contemplating fresh equipment should examine
the claims of the Krupp agents before purchasing elsewhere.
car equipment
to
Chicago Milwaukee
$11,265,849
& St.
—
Parties desiring carefully selected railway securities are
Co. for their circuinvited to send to Messrs. A. M. Kidder
&
on investments.
lar
K. K. and Brooklyn Uas Securities— Brokers' Quotations,
GAS COMPANIES.
GAS COMPANIES.
$9,650,658
$97,786,805 $101,805,032 $113,969,484 $88,255,510
245,959,224 266,930,891 279,409,573 297,325,134
Bid.
I
iWilliamsburg
'I'Jl
07
110
Bonds.es
lOti
109
994 Metropolican(Brooklyn).. 60
95
105
115
105
121
108
80
loa
...
Gas
Jersey City & Hoboken. 170
108
Metropolitan — Bonds
119
100
Mutual (N. y.)
BondH, 68
Nassau (Brooklyn)
Ask
r
60
People's (Brooklynl
Oonsoliilatod
$2,324,034
7,326,574
$2,888,060
8,377,789
$3,058,715
5,638,704
— Investors are requested
W.
Brooklyn Gas-Llght
Citizens' Gas- Light
BondH, 5a
NEW TOBK.
1889.
1888.
[Vol.. LIII,
I
1
103
IIS
Mauicipal— Bonds, 7s
Fulton Municipal
Bouds, 6s
Equitable
111
131
102
llOO
ill9
lOB
Bond8,6s
131)
86
Scrip
—
Auction Silles. The following were recently sold at aucby Messrs. R. V. Harnett & Co.
tion
lotal 88 weets, $343,746,029 $»63,735,423 $393,179,057 $885,580,650
Sliares.
In our report of the dry goods trade will be found the
imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
71,500 Araer. Copper M'sCo.,
$1 oa. (pool cert ). $150 lot
1 N. Y. Law Institute. $165
20 Equitable Gas-L. Co.. 116
from the port of New York to foreign ports
week ending Sept. 22 and from January 1 to date
EXPORTS PROM NEW YORK TOR THE WEBB.
•pecie)
lOB'kof New
for the
weelc..
Prev. reported.
1888.
1889.
1890.
1891.
$6,773,571
203,266,671
$7,322,233
244,470,433
$8,189,648
232,743,849
$10,551,984
263,657,111
95
Co. of Georgia
Bonds.
$22,000 Virginia (Riddleher64^
ger) 38, 1933
$1,000 Georgia RE. & Bank10538
ing Co. 68, 1897
Ain8t'dani.ll4'(i
IfeaternNat. Bank... 93is
Fourth Nat. Bank.... 171
Merch'ts' Ex. Nat. Bk.l21ia
Mechanics' Nat. B'k..l97',»
18 Continental Nat. B'k.l40
50
72
SO
20
:
For the
Shares.
20314
20Thurber-\Vhyl'rtCo.pf, 99
Bank's
293 Central RE. &
70 Bank of America
The following were recently sold by Messrs. Adrian H, Mul& Son
ler
:
Shares.
Shares.
lotal 38 weeks. $212,040,242 $251,792,668 $240,933,497 $264,209,095
The following table ^ows the exports and imports of specie
at the port of New York for the week ending September 19 an d
since Jan. 1, 1891, and for the corresponding periods in 1890
and 1889 :
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Exports.
1 Ala. Mia. Land & M'g Co.. 91H 75 Long Br'ch Ocean Pier Co.175
70 Uult. N. J.ER.& Canal C0S.22214 58 Union Ferry Co. of N. Y.
42
125'*
& Brooklyn
19 U. B. Fire Ins. Co
60 Fulton Municipal Q.-L. C0.II314 aSThurber-Whyl. Co.,pref... 95
Jioniis.
297
10 Third Ave. BR. Co
230
$3,000 Albemarle & Chos
30 Continental Ins. Co
Canal Co. 1st 30-year 78,
10 WallaboutBankof B'klyn.llOia
.
1 Clinton Hall Association. 63
Week.
Garmany
West Indies
Mexico
South America
11
other countries..
Total 1891.
Total 1890.
Total 1889.
Since Jan.
1.
Week.
^(luMug aua
Since Jan.l
$37,059,131
16,547,183 $1,143,455
17,031,557
350,730
$100,000
2,705,187
9,050
14,213
5,008
250
1,571,310
29,713
27,525
1,025
$277,653
1,482,569
987,170
1,111,608
32,352
260,022
410,794
$105,008 $74,956,106 $1,534,823
12,989 18,585,5701
24,121
$4,598,173
7,019.793
4,792,833
THE MERCANTILE NATIONAL BANK
OF THE CITY OF NEW YORK..
No. 191 Broadway,
$1,000,000 Surpitts&PioHts, $950,000
WILLIAM P. ST. JOHN, Prejldent. FBHOaEICK B. SCHBXCK, Cashier.
JAMBS V. liOTT, As«l8t»nt Cashier.
6,900| 46,468,7341
Wetk.
West Indies
Mexico
South America
All other countries..
Total 1891.
Total 1890.
Total 1889.
-
Capital,
14,553
I
ACCOUNTS SOLICITEO.
Imports.
THIRD NATIONAL BANK
OP THE CITY OF JiE\¥ YORK.
Silver,
Germany
ItTlttaticlal.
I
Exports,
Great Britain
France
loo's
J&J
Imports.
Golll,
ereat Britain
France
1909,
Since Jan.l.
$735,643 $10,928,031
77,517
640,866
216
1,55'.
250,406
43,000
431,290
88,535
$814,712 $12,382,344
402,638 14,454,997
306,975 14,527,396
Week.
Sltice
Jan.l.
$117
147
20,632
122.191
485,246
324,619
535,481
$30,620
304,975
1,804
$1,488,316
5,193,564
1,047,684
$2,852
40,800
6,821
-
-
J.B.WOODWARD
$1,000,000
-
President.
Cashier J. FRED'K S\VEASV....A35t. Cashier
C!HAPIN, JK
Accounts BoUolted and careful attention to the Interests of Depositors
HESRT
I
Kuarauteed.
Spencer
Trask
&
BANKKRS.
Of the above imports for the week in 1S91 $908,680 were
American gold coin and $450 American silver cein. Of the
exports during the same time, $3,000 were American gold
coin.
-
-
-
Capital,
No*. 16
ALBANY
and 18 Broad
N. V.
Street,
8ARATOOA,
N. Y:
IVe-.r
Co.,
York
City.
PHOVIDiSNCB,
XRANS.\CT A GENKaAI, B.AiVKINa
K.
I.:
BO.SI^TESS.
All classes of Securities Bought aud Sold on Ckjmmission. Spaclivl attention
Secarilies. Direct "ire to uicu o.iiod an'i to I'.i.liJaipma
eWento Inveatmeut
—The officers of the Real Estate Loan & Trust Companv
have just issued a neat circular to the stockholders concerning the progress and prospects of the institution. This showing is a most encouraging one, and we quote a few of the
figures as given. The averaaie balance of deposits was in
August last $1,342,590, against §278,646 in November, 1890,
and the number of depositors 260, against 74 at same time.
The real estate department has also kept pace with the other
progress of the company.
^^^^
Boston and Chicaeo
SPECIAL, NOTICES.
^"CITY BONDS AXD OTHEB FIKSF-CLASS INVESTments adapted for savings' banks, trust fuuds, and careful InvestuiBnta
«)f
individuals are
Messrs
made a proinlnont
BLAKE Bros. &
Co., Biukers, of
card in the columns of the Cheoniolb.'
specialty lu the buslnes* of
Now York aai
Bjitoa
See
1
September
THE CHRONICLE.
26, 1891.1
She
gauliers'
427
Actual rates for exchange are : Bankers' sixty days sterlioflr,
4 80@4 80^ demand, 4 88}i'a4 88>^ ; cables, 4 BZ%<^\ 84.
Posted rates of leading bankers are as follows:
OSa^jettje.
;
DIVIDENDS.
Seplembrr 25.
Ttr
OaU.
Kame of Company,
Payuhle.
Jfaokt Ctntrd.
{Vai/t iuHutive.)
Prlmebankerit'iterllng
Prime comniorclaV
2
Ciimborlftiiil Vallpy (<niar.)
Geor^irlii KU. & Itankliii; (quar.)..
><: lioiivor Val. ((luar.)
N. Y. Cuiit. 1^: Ilnd. Rlvpi- (qimr ).
2%
Now Castle
N. Y. N. Haven A Hartf (1 (quar.)
Oroitou Ky. A NiivlKatloii (qiuir.)
W.
&
Chic. KU. (qiiar.)
" Hpeo.iqiiar
"
"
Plttaburg Younca.
& Aoh.
lit
1^
com...
"
rt1c»& Black
iii
Cliatham Nat.
2
t.i
23 to
Oct. 1 to
8«pt. 18 to
8opt. 22 to
to
to
n.!t.
ti
Oct. 1
Oct. 1.')
Oct. uo
Oct. 1
pref..
Klvor.....
4
4
(qiinr.)
iquar.)
Fraukliii, Brooklyn (quar.)
Kintcs Co Brooklyn
Union (quar.)
,
Paris bankers (francs)
(Kuilders) bankers
39Hi«930%
Fraakfort or Bremen (relchmark«)b'nker8
to Sept. 30
to
Oct.
Oct.
3
2
3
Oct.
Oct.
S
Oct.
I*
Oct.
Oct.
Nov.
Cent. A So. .\in. TclcKr'pli 'quar.)
Ertlson Electric Illuuiluatlng
£dison Cicueral Kli'ctric (quar.)..
JourueayA: Hiirnliaui prcf.fquar.)
3
2
2
Mexican TclcK'rapti 'quar.)
Nassau Oa.x, fSrooklyn (qu.ir.)...
213
Proctor
2
(iauilile pref. iquar.)..
Orleans, commercial,
$1,000 di.-:count
Charleston, buying 3-16aig discount, selling par St. Louis,
25c. per $1,000 discount Chicago, 13i^c. per $1,000 discount®
1 Sept. 26 to
1
to
to
Oct.
par.
United States Bonds.— Governments are steady.
The
New York Board have been as follows:
1
Tnlerett
Sept.
21.
^f
Periods
Nov.
Oct.
Oct.
Oct.
Oct.
6
to
to
to
Sept 26 to
to
1
2:0ct. 13
Oct.
to
2 to
Nov.
Oct.
Oct. 15
London.
4>«s, ext'dat2%.rec. Q.-Mcli.
4s, 1907
roK. Ci.-.ran
coup. Q.-Jan
4s, 1907
reg. J.
J.
63, cur'c.7,'95
reg. J.
3.
63, our'cy,'96
reg. J.
J.
6s, cur'CT,'97
reg. J.
J.
6s, cur'cy,'98
reg. J.
J
68, our'cy,'99
is
New York
Clearing House banks in their statement of
Sept. 19 showed a decrease in the reserve held of $317,400,
and a surplus over the required reserve of 57,756,750, against
$8,722,775 the previous weeit.
1891.
\Diff'ertn'$from
1890.
1889.
Sept. 19.
Frev, week.
Sept. 20.
Sept. 21.
$
60, 812.700 60.762,700
64 068.100
59, ,997,100 54,625.100
Loans and disc'ts 404 389,500 Inc. 3,073, 500:392, 631,600' 409.602,300
Circulation..
,.'>03,HU0 Deo.
5,;
-.iS, ,800!
3.9:W,yi)0
3, 58s,;ioo;
Het deposits
406,;5i«,S00 Iuc.2,5!)4, 600389, 982,800 420,168,400
Specie
62,'483,000 luc
768, 00 76 417,200' 70,998,1)00
Legal tenders
46,!y 13,700 T>ec. 1,086, 100
983,700] 36,023,500
Reserve held.
100,1396,70o|r>ec. 317, 400
400,900' 107,021,500
I*salrc8erve
1101,039.950 Inc. 648, 625
495,700: 105,042,100
60, 772,700
I
.
I
•
Sept.
Sept.
23.
99i«
OOId!
11618*11.^%-
"117
110
112
7,750.750 Deo.
906.025
1,905,200|
1,979,400
Foreign Exchange.— The tendency of sterling exchange
has been steadily downward under the free offering of commercial bills, notwithsta-ading the advance of
point in the
Bank of England rate. The gold now afloat for this country
13 estimated at about $10,000,000, which, with that already
arrived, makes a total of about $13,000,000 since Sept. 12.
%
t.
%T
21.
*116i\i'
HO
112
I
'114
'114
116>!!;*H0»4 '116>a 1161a
'119
119 )*119
'119
1
9914
*
99>«
1153,1 •115%
116% •116«t
•110
•112
•114
116>s *116>«
119 •119
110
112
114
tbe price bid at cue morniug board ; no soue was luaae.
—
Coins. The following are the current quotations in gold for
various coins:
Sovereigns
$4 83 •a$4 87 FlnesUver bars..
0~'>silt — 98%
—93 a — 94
Napoleons
3 85 » 3 90 Fivefranos
X X Relchmarks. 4 74 3 4 77 Mexican dollars.. —76'^rt — 77>«
Do uncommero'l — — 9 — —
..
4 78 8) 4 85
25 Pesetas
,—70 w — —
8pau. Doubloons. 15 55 '813 73 Peruvian sola
Mex. Doubloons. 15 50 815 70 Etigllgh silver
4 80 » 4 90
Fine gold bars...
p.ar
3%
prem.lUX trade dollars —
—
Government Purchases of Silver. The following sho-ws
the amount of silver purchased by the Government in September.
The amount required by law having been purchased in,
September, there will be no further purchases till October.
Ounces
Ounces
offered.
puj'chased.
Price paid.
3,543,194 $0-9320
Previously rei)orted
Ssptembsr 14
1,463,000
800,000
16.
343,O0o!.$O-9S
400,000 $0U7
18
nil
1$
178,070,$
.
better than ever,
800,000 francs in silver.
Bnrplus reserve.
Sept,
22,
99 >a
110
117
110
112
114
09»a
116
•117
llO
112
114
&
&
&
&
&
—
•Tills is
•Local purchases
on account of the maturing of corn through the recent hot weather at the West
the whole crop is now virtually safe and is estimated to be
over 3,000,000,000 bushels.
Cotton has been damaged by
drought and the crop is roughly estimated at 15 to 30 per cent
below last year, which has caused a recent advance in the
price, though e.Tports are yet small.
At the Stock Exchange this week the principal events were
the failure on Tuesday of S. V. White & Co., owing almost
entirely to their immense bull operations in September com
in Chicago, then the "postponing" of action on the Missouri
Pacific dividend on Thursday and the rupiors on the same
day of a possible hitch in the Union Pacific funding plan.
Nothing has been confirmed of the latter rumors, and Union
Pacific stock recovered today; the time for creditors to sign
the agreement was extended "to the 36th, and the latest news
indicates that the plan will become operative.
The open market rates for call loans during the week on
Stock and bond collaterals have ranged from 3 to 25 p. cent,
the average being 6 p. c. To-day rates on call were 4 to 7
Prime commercial paper is quoted at 5%@614 P- c.
p. c.
The Bank of England weekly statement on Thursdav showed
a decrease in specie of £706,000, and the percentage of
reserve to liabilities was 45-88, against 47-13 last week; the
discount rate was advanced to 3 per cent.
The Bank of
France shows a decrease of 6,750,000 francs in gold and
situation
I
per
;
10
the tenacity with which prices liave been held under the failannounced on Tuesday, and later under the large sales to
realize and the assault made on the market on Thursday.
It
is nothing for stocks to advance when the public is buying
ravenously and there hardly seem to be stocks enough to go
around, but if prices are strongly held when the heavy realizing sales come, or when some rude shock is given to the
market, this shows a substantial backing and a confidence in
holding for the future.
The flow of gold to this country from Europe continues, just
as it was predicted, and now the total received and afloat foots
up about §13,000,000 since the movement began. The Bank
of England on Thursday advanced its discount rate only 1.^ a
point, to 3 percent, and this being less than had been expected
was followed by large buying of American securities in
Surplus
23%
40
» 95%
closing prices at the
lire
Capital
95
New
%
Belling
discount to par;
to $150 discount; bank, 50c.
$125
to
1
WALL. STREET. FKIDAV, SEl'T. 23. l»gi-3 P. M.
The Money Market and Financial Situation.—The great
strength of the stock situation has been shown this week by
The
HH9S
30l>i(3
94'4»B4ii»
The following were the rates of domestic exchange on New
York at the undermentioned cities to-day: Savannah, buying
Itllacollancoiin.
Our crop
4 8i
*4 7914
4 78'a»4 78%
9 26''««5 26>«<5
;
(qiiar.l
A
ntmand.
4 81
4 79
Amsterdam
}4,
25 Sept. 20 to Sept. 24
3V)J
Sept. 30
to
8«i.
Trust Coinpanles.
Atlantic
to
15, Oct.
1 Sept.
Sept.
Kanka.
Murray Ui 11
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Blxly Dayi.
on London..
Documentary commercial
Kallroadn.
Plttsb. Ft.
bllla
•Total in
*
Th9
month
abt 4300000; $0-97
to date.
local purchases of
each week are not reported
the following week.
till
« $09880
a $0-9810
® $0-9720
a $
a $
,
a $0-9880
Monday o
—
State and Railroad Bonds. The sales of State bonds
week have included §15,000 Va. Os, deferred, stamped, at
8; $10,000 Va. 6s, deferred, 8%; $2,000 N. Car. consol 4s at
981^; $11,000 La. consols 4s at 863^-87; $1,000 Tenn. settle't 33
at 70i><; do. $8,000 settlement 5s at 100^.
Railroad bonds have not been relatively as active as stocks,
and the leading income bonds have naturally declined somewhat. The low-priced 4 per cents have not advanced very
largely in all the late buoyancy of Stock Exchange securities,
this
and the Reading 43 sell at 80^ M. K. & T. 43 77^i bid Eio
Grande West. 4s at 76,14 St. Louis & Southwestern 43 at
Among
68J^; Scioto Valley & New England 4s at 75.
the principal bonds sold largely to-day were the Atchson in;
;
;
comes, closing at 64% Nor. Pac. consol. 5s at SS'.^; Atlantic
& Pacific incomes at 15%; Houst. & Tex. Cent. genl. 4s at 63,
and St. Louis & S. W. 1st 4s at 68>^.
The general situation has not changed as to bonds, and any
that were a good purchase before are a much better purchase
at the lower prices now prevailing. The flurry in stocks has
no bearing on the actual value of bonds in general, and it
simply affords buyers a better opportunity to come in.
;
Railroad and Miseellaneons Stocks.— The stock market
has been very much excited and the daily sales have
reached high figures.
With some inevitable fluctuations
on the immense dealings the market was very well
held until Thursday,
and the great strength of the
the sales
situation was shown by the ease with which
with which
to realize were taken, and the readiness
sucli large volumes of stock were absorbed by new buyers. On
Thursday came the announcement from the Gould quarters
that the Missouri Pacific's quarterly dividend of 1 per cent
had been passed, or, to put it more agreeably, "postponed,"
and the surprise of this, with the attendant collapse in Missouri Pacific stock to 65, and ugly rumors that the Union
Pacific funding plan might be dropped, gave the whole market
a serious shock which turned prices sharply downward.
To-day there was general improvement; the Missouri Pacific
dividend may yet be acted upon at a meeting called for next
week, and the stock recovered some, closing at 67*2. Union
Pacific advanced sharply and closed at 43, it being understood
late in the day that the plan maybe declared operative to-morrow. After 4 P. M. the Syndicate Committee sent out an advertisement to the morning papers, inviting public subscriptions to $5,!5OO,0O0 of the collateral trust notes at 93J^ and int.
The unlisted stocks were dull. Silver certificates mor»
active, closing at 98%.
THE CHRONICLE.
428
NEW YORK STOCK EXCHAXGE— ^OriFS STOOLS
IVOL. LIU.
SEPT. 2», and
for week enoling
HIGHEST AND LOWEST PBI0E8
STOCKS
RK.
Active
AtcUison Top.
Tuesday,
Wednesday,
Thursday,
Friday,
Week,
Sept. 19.
Sept. 21.
Sept, 22.
Sept. 23.
Sept. 24.
Sept. 25.
Shares.
45%
6%
46%
471a
4514
44% 46%
4414
90
60
9014
6II4
Stocks.
Do
Do
90%
eoM
120
119% 120
& O., vot. tr. cert.
1st pref
2d pref
do
do
*5%
6>4
903b
5978
Central o t New Jersey
Central Pacific
Chesapeake
461a
34
31
341a
26"-8
2714
26%
27 14
59 "d
60
60
40
39% 40%
61s
90
90
60
60%
120% 119%
34
60%
40%
46%
*5%
61a
*5%
614
*6i8
8914
59ie
8914
891a
12014 119
•33
33% 33%
26%
26
59
38
133
26
58%
591a
3914
39
132
98
69%
57
118
120
33%
26%
59i«
391a
140
1§»1.
I,
Range of sales
Sales
Monday,
& Sauta Fe
JAN.
In 1891.
of the
Saturday,
Atlantio & Pacitto
Canadlau Pacific
Canada SoutUeru
since
46%
6I4
57%
119
33%
25%
331a
25% 26%
58% 59
40
136
46%
420,114
1,200
1,480
60% 30,070
119% 4,825
34
1,550
28
47,038
60% 8,846
4014
7,864
140
9914 134,107
72
3,075
101
11,147
75% 272,529
121
6,857
115% 31,064
6I4
•88% 89%
119
331a
*38
•135
44
61a
90
60
59
38
•135
Highest.
Lowest.
47% Sept. 21
24% Mar. 10
4% Aug. 6
72 14 Jan. 6
47% July 30
7
01%Sept.21
June29 12234
10514
34%
Feb. 24
1414 July 30
29
23
60%
40%
July 29
July 31
42
22
123
Aug. 31
Sept, 10
91
M,iy
132
Aiir.
28
Sept. 21
Sept. 25
Sept. 21
Sept. 21
Sept. 18
Sept. 21
Sept. 21
Sept. 21
Sept. 21
Sept, 21
Sept. 21
140
1331a 140
98I4 99%
97% 99% 97%
75% Mar. V 99%
991a
9918 99%
'70%
71
73
72
72
41% Jan. 3 73%
73
73 la
73
731a
7314
(SiloaKo & Eastern
IOOI4
102
la 1031a 100% 101% 100
83 Jan. 2 103%
101
101%
1031a
9914
lOl^s
£'*'•
Do
73%
73%
75%
75
50% Jan. 2 76
7414 75=8
731a
7413 76
74ie 75=4
Cbleago Milwaukee & St. Paul.
121
I2014
laoia
Jan. 3 122
12116
1201a
121%
105%
120%
121ifll22
121=4
pref. 120%
Do
114%
114% 116
102% Mar. 9 117%
II514 116% 1151411714 1151a 116% 114% 116
Ciiioago & Northwestern
137%
137%
360
I3712
Mar. 18 138% Jan. 12
1371a
130
1371a
1371s
1381a
1381a
pref. 137131371a
Do
86 119,535 63% Mar. 6 87% Sept. 21
86% 841a 86% 84
86
86% 8614 87% 8516 86% 85
35I4
Chicago Kock Island & Pacific.
32%
33
35
7,708
July 30 35% Sept. 22
34%
21
34
35%
331a
35
35%
34>2
34%
Chicago St. Paul Minn. <fe Om.
93% 93%
95
940 77% Jan. 29 95 Sept. 21
9314 9314 *94
94
94
95
94
9314 9314
pref.
Do
7II4 7314 59,925 56% July 30 74% Sept. 21
73%
7414
72
7318
711a
72%
7358
741a
7314
7358
Cleve. Clnoin. Chic. & St. L. .
100 90 July 27 98 Jan. 9
9619 961a
prefDo
29% 30% 29% 30% 29% 30% 29% 31% 19,717 22 July 31 31% Sept. 23
3014 30%
301a
Columbus Hocking Val. & Tol. 30
I38I4
136
138
134%
136%
10,005 124% AuiT. 11 141% Sept. 5
139% 137
13914 I4014 138% 139% 138
Delaware & Hudson
74,421 130% July 27 145% Sept. 21
143% 144 14 14114 I4414 142 144
145% 143% 145
Delaware Lackawanna &West 144 1441a 144
19
19%
1,750 13% July 30 20% Jan. IS
19
1914 1914
19
19% 20
191a 20
I>enver & Rio Grande
5614 "5614 4,420 40 July 30 63% Jan. 14
5014
51%
51
49%
50
50
51
50
5014
491a
pref.
Do
7
8% Jan. 14
714
6%
714
6% 6%
2,505
5 July 30
6% 6%
7
7
7
7
East Tennessee Va. & Ga
•50
•50
'52
55
56
200 42 July 20 66 Jan. 14
52
52
55
52
52
55
1 St pref. *45
Do
14%
Jan. 14
15
14%
30
19%
14
1,910
1414 14%
15
15
9% JiUy
14
15
14
2d pref. 14
Do
124% 124%
300 111% Feb. 5 129 Apr. 2
121 128
125 127
Bvansville & Terre Haute
107%
107%
Sept. 25
106%
107%
2,045 72 Jan. 2
105% 106% 106%
104 104H! 105 1051a 105% 106
Great Northern pref
102 103
IO214 102%
3,840 90 Mar. 9 104% Sept. 21
IO314 104% 103% 103% 103 103
103=8 104
Illluois Central
HI4
11%
12
Sept. 19
11%
10
11%
4,100
llij 12
11% 11% 11
11%
6 Aug.
11% 12
Iowa Central
31% 33
31% 31% 31% 31% 30% 30% 2,083 20 Jan. 3 33% Sept. 21
33
3313
32,
33
pref.
Do
2OI4
2014
21%
31
22
Sept. 24
22
25,250 12% July
21%
19% 20% 19% 20% 20
19
1914
Iiake Erie & Western
68% 67% 6914 6714 68% 20,095 53 July 31 69% Sept. 21
66% 6714 671a 69 14 68 14 6914 68
pref.
Do
122%
121% 122% 121% 122% 121 122% 120%
15,428 xl05%Jue30 123% Sept. 21
take Shore & Mich. Southern. 120% 12214 122 123%
99
99
98
98
515 86 Jan. 3 99% Sept. 15
99
99
99 14 •98
99
99
98
98
Iiong Island
8OI4 81%
8iie 8218
79% 80% 79% 8l"4 79% 30% 61,846 65% Aug. 14 83% May 1
81
81>«
liouisville & Nashville
28
26%
26%
28%
15.406
27%
27
le
28%
28
18 Mar. 9 29% Apr. 27
28
29
28
28%
liouisy. New Alb. & Chicago..
103 104
102 104
IO414 IO5I4 103 105
5,292 95 July 30 109 Apr. 6
14
Manhattan Elevated, cousol.. 10514105% 105 14 106
25I8
23
23
23%
24%
3,050
24%
24%
23%
24
25
17% July 29 25% Sept. 19
25
2514
Mexican Central
101 102
101 102
2,470 87% July 30 103% Sept. 18
103 1031s 101% 102% 101% 102
102 102
Michigan Central
•84%
•84%
85I4
86
•85
86
-83%
May 21 93 Jan. 15
1,100
86
86
70
84% 84% 84%
Milwaukee Lake Sh. & West.
IIII4 111%
110% 112
3,435 98% May 19 113% Sept. 21
112 112
111 I1314 110 111
111
pref, 111
Do
•6%
9
Aug. 24
714
7%
7%
*7
610
Aug. 3
7%
7%
7%
7%
3%
8
8
7%
Minneapolis & St. Louis
•15% 16%
17% 17% 16% 16% •16% 17
1,800
7% July 30 18 Aug. 24
16% 171a 171a 18
pref
Do
I8I4
20
Sept. 18
19
18
18%
14
Mar.
19%
19%
6,375
18%
19
19% 20
11%
19=8 20
Mo.K.&Tex., ex 2dm. bends
28I4 17,623 19% Mivr. 6 29% Sept, 17
28% 29% 28% 291s 28% 29% 27% 2514 27% 28% 27
pref
Do
69I4
Sept. 21
77%
65
73
65%
2
7514
Jan.
76%
247,187
7618 771*
73% 75%
7514 75%
60%
Missouri Pacific
4314 -4214 44
44
44% 43
2,358 26 Jan. 2 45 Sept. 21
45
43
43% 43
421a 421s
Mobile & Ohio
87*3
17I11O
May 29
90
•87%
•87
87
87%
150
Aug.
*88
90
90
90
79%
Kashv.Chattauooga&St. Louis 8714 8714
""
110% 111
IIOI4IIII4 IIOI4III
110% 110% 7,495 98%
28 112 Sept. 17
July
111% 112
New York Central & Hudson. llOialll
Sept. 22
18
19
20%
18
19%
7
I8I4
2014
Aug.
1914
18%
19
12.S33 11%
20
1818
18
Kew York CMc. & St. Louis
80% 81% 80
81% 3,385 57 Jan. 2 82% Sept. 22
82% 8OI4 81
78
78
79% 801a 80
Do
1st pref.
Sept. 21
4II4
41
42%
40
43
43%
2
40
43%
10,735 23 Jan.
42
3814 381a
381a 4014
Do
2d pref.
3OI4 3114
29% 3II4 29% 31% 29% 31% 187,278 17% July 31 3134 Sept. 16
Kew York Lake Erie & West'n 30% 31i« 304) 31%
16
Sept.
72%
69
70%
68%
69
29
7114
70% 70% 69% 69%
4.910 47% June
71
70
70
Do
pref
41I4 42%
42% 40% 42% 36,579 31 July 30 43 Sept. 21
41% 421a 42 14 43
40% 4214 40
Hew York & New England .
'225
Feb.
S
271
230
230
230
•225
6
230 •225 230
95 •225 July
New York New Hav. & Hart 2271* 2271a
20% 21% 20% 21% 33,175 14 July 30 22% Sept. 21
New York Ontario & Western 2218 22=8 22% 22% 20% 21% 2OI4 21M .10
17
Feb.
11%
10%
10
10%
9% 10
9% 10%
7,738
9% 10%
9% 10
6% July 30
New York Susciuehan. <fe West.
35% 6,782 25 Aug. 4 40% Feb. 18
34% 35% 34
35 14
34% 35% 34% 35
35
341a 34%
Do
pref.
17% 17% 17% 18
*17ia 18
17
18
18
18
17
1,870 13 Aug. 17 18 Sept. 18
18
Worfolk 4s Western
55% 55% 55 "a 55% •55% 56
54% 55% 55% 55% 55% 55% 1,230 46% Aug. 6 57% Jan. 14
Do
pref.
28% 29% 291s 30% 29% 30% 29
30% 28% 30% 28% 30% 104,991 20% July 30 30% Sept 22
Northern Pacific
78I4
75% 78% 75% 77% 150,481 58% July 31 78% Sept. 21
7514
76%
76%
78%
76% 78
761s
Do
pref
25% 25% 25
26
2514 2514
26
26% •25% 26
1.025 15% Mar. 11 26% Sept. 18
261s
Ohio & Mississippi
•19
20
19% 19%
19
19
1,910 14 Jan. 2 20% Sept. 21
19% 2014 20% 20% 19
19
Ohio Southern
•79
•74
82 Jan. 12
-80
84
83
X78i4 81
1,600 65 Mar.
80
84
79
79
Oregon R'y & Navigation Co. •76
30 Apr. 28
25% 25% 2,014 19 Jan.
2714
26% 2714 25% 26
Oregon Sh. LinoA Utah North 26%! 261a 26% 27% 27
24% Sept. 24
24% 23
24% 10,103 14% Jan.
23
23 >a
23% 2414 23
23% 23
23% 23
Peoria Deca*ur & Evansville.
43% Sept, 21
4118 421a
43
42% 43% 41
Phlla. &Read., vot. trust, cert
41% 42% 39% 42% 40% 42 141,640 25% Aug.
26I4
26% Sept, 22
I8I4 22
1818 1818
21%
21,082 12% Jan.
Pittsburg Cinu. Chic. & St. L.
24% 25% 23% 24% 23% 24
6831 Sept. 22
63% 63% 6514 6614 66% 68% 07
67% 66% 66% 65% 66% 6,053 48 Jan.
Do
pref.
43% Aug. 25
38
39%
800 28 Jan.
Pitta. &West pref. tr. certs.
42% 42%
14
13
14% 41,271 10% July 27 19% Feb. 7
13% 13% 13% 14% 13% 14% 13
BlchmondifeWestP'tTernilnal
13% 13
57
•58% 60
59
57 >s 58
Do
58
60
3,600 49% Aug. 11 76% Feb. 10
57% 58% 56% 59
pref,
42% 41
41
42% 42% 42% 42% 42% 42% 42
1,070 23 J^in. 2 44 May 1
Rio Grande Western
42% •41
74
75% 75% 74
Do
75% 75% 75
75% •74
76
1,537 55% Jan. 2 75% Sept. 18
pref. *75ia 76
108
108
108
108
Borne Watertown &Ogdensh. 1071a 108 •107 108
282 X 105% July31 114% Apr. 18
107% 108%
'125
125
125
St. Louis Alton & T. H, pref
125
120 Jan. 6 122% Jan. 3
125 ....
9% Sept. 21
9
9
914
8%
8%
9
St. Louis Southwestern
9
9
1,630
9%
9%
6 June 11
9
9
Cbloago
<fe
132
Alton
OUcago Burlington & Quincy
135
9Sifl
99%
73
Illinois
,
.
,
.
•Bt.
Do
Paul&Duluth
pref.
Do
pref.
37%
*97
3314
98
17% 18%
38%
38
•97
18
18
37% 38%
-97
98
98
17%
37% 38
17
97
98
16% 17%
37% 38
97% 97%
109
Bt Paul Minn. & Manitoba. .. 109% 109% •109% 110% 109% 109% 108 110
41%
Southern Pacific Co
37
37% 37% 3914 39
40% 40
42
I6I4 161a
Texas&Paclflc
15%
16
16% "'
16%
16% 15% 16
Toledo Ann Arbor & N. Mich.
18% 18% I914 21
20
20% 18% 20% 19
&
Do
Toledo
_
Union
Union
Ohio Central
pref.
Pacific
Pacific Denver
Wabash
Dc
Wheeling
Do
& Lake
& GuU.
pref.
prof.
Oil
Do
32% 33%
38
Erie
Wisconsin Central Co
ISlscellaneouii Stocks.
American Cotton
*40
*40
45
*80
•80
86
42%
43
421a
20
191a I913
15% 16
15%
Co
pref.
Am, Sugar Ref. Co., temp. ctfs.
Do
pref., temp! ctfs.
Chicago Gas Co., trust rec'ts.
Colorado Coal &
78% 78%
22
251a
»46i3
*98ia
DUtiUlng 6i. Cattle Feed'gCo.
Edison General Electric
National Cordage Co
101
95I4
pref.
National Lead Trust
North American Co
Oregon Improvement Co
Pacific -Mail
Pipe Line Certificates 5
Pullman Palace Car Co
Silver Bullion Certificates. . .
&, Iron
"o
pref.
Tennessee Coal
_
Western Union Telegraph
*
221a
26
48
90% 91%
94
94%
51% 52%
36% 37%
Consolidated Gas Co.. i
Jo
38ie
49
33%
38%
78%
22%
26
48
92
95
52%
37%
991a
99%
52 le 50%
101
100%
95% 95%
•42
-80
45
86
45
43% 45%
20 14 20%
44%
20%
16
1514
34%
39%
38 14
15%
32% 34
39%
78% 79%
21% 22%
30
23
26%
48%
91% 93%
26
48
26%|
48%
93%
98
96
53%
38%
99%
51%
36%
99%
52
50%
100% 100%
98
53
42
85
47
85
42% 44
20
20%
15% 15%
32
33%
37% 38%
79%
78
21% 22
25
26
46%
90%
96%
51%
36%
46%
92%
96%
52%
37%
38
99% •98% 99%
51% 50% 51%
100% 100
96%! 96
97
96%
103 104
104% 104%! 102 102% 102%
161a 16%
16% 18
17% 17% 16%
17% 17% 17% 19% 18% 20
18%
251a 27
25% 26
26
26
•25
3914 39%
39% 40% 88% 40
38%
59% 61
58% 61
58% 59% 60%
I
109
42%
80
40
37% 38%
77% 78%
22%
21
25%
48
90% 92%
95% 95%
52%
51
36% 38%
98% 98%
50% 51%
100
100
20
26
17
25
100
97% 94% 97%
102% 101% 102%
17% 16% 17%
20%
25
39% 37% 39%
64%
62% 61
I8914 189>4 189% 190% 190% 190% 190% 191% 191% 191%
97% 97% 97% 97% 97% 97% 97% 98
98% 98%
34
35
35
37
36% 37% 35
36%
36% 35
•88
91
90
90
'89
91
•88
•88
91
91
84% 85 x84% 85% 84
84% 83% 84%) 82% 84
These are the prices bid and asked
I
1
;
no sale made.
5
Prices
from both Brohanges.
x
2,898
2,250
1,000
37
96
109% 109%
42%
22.035
16,660
54 45
100 78
14%
18%
4
Apr.
11
11
52%
24%
10
16
34%
i^ept.
16%
21
61
88
6
June 8
1
24% ;5%, 6,696 15% Jan.
48
1,426 33% Jan.
^ Jan.
89
91% 42,240 57%
2
96%'
5.740
85
2
30
93
•88
100
80
82% 83% 42.624 76
Ex diy
.
1
Ex righto.
80
Sept- 21
23%
Jan. 14
29
53
Apr. 22
Apr. 23
Sept. 21
93%
17i
Feb. 27| 98
51% 52%' 52,340 34 Jan.
36% 37%' 18,950 27% July
98
98%
578, 92% July
50% 51% 17,390 41% Feb.
100 100%
2..503 88
Jan.
94% 95% 9,697 73% Mar.
100% 102
1,513 98% Aug.
10% 16% 27,304 14% July
18
19% 177,014 11% Jan.
515 15% Jan.
24% 24%
37% 38% 18..560 31% Jan.
60
61% 760,000 51% Aug.
191% 192
2.570 175 July
98
98% 536,000 96% Apr.
35
36% 13,115 24% July
21
30 3934 Sept. 22
46%
96
Sept. 21
Sept. 21
July 27
Feb
6
Sept. 25
Sept. 21
Sept. 21
Jan. 13
Feb. 16
Apr. 28
Jan. 14
Sopr. 18
June 30
290,571 32% Aug.
2,624 14 Aug.
15
13,210
8% Mar.
32%' 72,590 16% Jan.
38%' 28,980 29% July
78% 29,238 67% Jan.
21% 8,270 15 July
20
30%
37%
77%
20%
Aug.
Jau. 15 38%
5 99%
Jan.
Jan. 2 111
Jan. 16 43%
li%July 27
6,8951 13
38% 43%
19
12
24
85
887 100
23
431*
45
84
45
•80
44%
19% 19%
14% 15%
30% 33%
25
48
37
96
15% 15%
19% 19%
16
20
47
80
•42
16% 17%
Sept. 21
55% June 18
39% Mar. 16
2 99% Apr. 30
16 54% Sept. 15
2,
30,
Feb. 6
3 111
11 104 May 27
18 110% May 7
23 21% Jan. 17
2 20% Sept, 24
1
May
1
Feb. 28
Feb. 10
3l'l96%Jan. 14
22 107% Jan. 1*
30, 39% Jan. 16
Jan. 6 90 Sept. 21
Jan. 2I 85% Sept. Ig
7|
3234
26!
41%
7|
81
I
Seftember
NB\V
THE CHUONICLE.
26, 1891.]
sr,)UK EX.CIl\NIJE fKlOKS {i)nnUnnel)~LVACTIVE ST03KS.
Y Ht!i
8*pl. 25.
Jiange inUe$) <n 1891.
Btghfl
Loueil.
Aik.
Bid.
PitUburg
.. ..100
VliklmrtrlT
100 100 170 162
HiKqiiolmimft
9ai«
90
Atliinla it Cliailollo Air LIT. ...100
135
BillcvUlo A Hnutb. 111. i)rcf....l00 135
100
99
HiwKiii.vN.Y. All- Line pref
30
100 26
30
Biooklvn KleviitcUT
100 ; 40^8 42 14 29
ButriiUi Roc-hcstBr & Pltt8
100 : 79>t 80
74
Prcfcrml
—
Purl. Cedar
Raplds&Nor
35
100
100
100
Callfonilii P.icilloU
8. bore & Atlan.lT
Pref.rredH
& IVre Marquette
Dnhith
100
100
100
Pai'itlcH
Bav Win. A
Paul. ...100
100
Houston & Texas Central
nUnois Central leased linos
1(X)
Gr.ei]
St.
Kanawha & MlelilKan
Keokuk & Des Moines
Preferred
Evans. Sc St. Lo.,
Preferred
Louisv. 8t. Louis A Texas
Mahoning Coal
Preferred
Loiiisv.
100
100
100
cons. 100
8
I6I4
*
25
82
8>4
17 >4
2SI4
85
7
6
J
8
2S
Morris & Kssex
N. Y. Lack. & Western
N. Y. & Northern pref
Peoria A Eastern
100
100
100
81
AiiR.
>9
35
9
Aug.
June 152
Jan.
Mar.
S^ Sept.
Mar.
July
July
Jan.
July
SGHi Apr.
8% Jan.
I214 Sept.
414 Aug.
Sept.
7
25
55
5
Jan.
101
33
96
16
6
13 «a
)
17
11
5
Wayne A Chicago. .10" 151 153 149
Mo prloe Friday latest price this week.
Adams Express
100;il47
American Bank NoteCo^
Amerlean Kxpress
45
lOO 117
lOO,* 80
American Tobacco Co., pref ..100
Brunswick Company
100
&
Juno. Ry.
Preferred
Sept.
C!hlo
Laclede Gas
Do
Feb.
pref
Lehigh A Wflkes.CoalU
Maryland Coal
Minnesota Iron
National Linseed Oil Co
Aug.
Jan.
10 Mar.
231a Sept
81 la Sept
42>8 Jan.
13 Sept.
44 Jan.
290
24
38
100
100
100
100
100 141
Texas Pacific Land Trust
U. 8. Express
Wells. Fargo Bipress
lliaBept.
15214 Mar.
SECURITIES.
Bid.
SECURITIES.
Ask.
Bid.
19 'g Apr.
Jan.
Feb.
70
145
{
New York
A, 4 to 5
City
Bank Statement
I9, 1891, is a3 follows.
We
for the
week ending Sept
omit two ciphers (00) in
New York
all cases.
DtpoHtt.
Hanbattan Co
Merchants'
Mechanics'
America.
Phenix
Olty
Tradesmen's
—
'..
Virginia 6s, old
68, consolidated bonds
68, consolidated, 2d series, rects.
6s, deferred, t'st rec'ts, stamped'
1
9%
Loans.
tjtgaU.
Specie.
Greenwich
12....
Commerce
Broadway
Sept.
6....
12....
19....
'
"
*
Weonit
36,793,7
85,793,7
35,793.7
27,680,0
28,352,0
91,989,0
93,120.0
96,887,0
4,976,2 604,588,5
5,103,5 549,411,9
5,462,0,752,533,0
628.987.8
6,303.8l73l,9»3,6
5.5'29.6
dne
to other banis."
City Railroad Securities
Atlantic Av.,B'klTn.St'k.
Gen. M.,53, 1909... A&O 100
Bl'okerSt. <S. Fal. f. -8tk. 36
Istmort., 7s., 1900. JAJ 110
ar'dway fc 7thAv.--St'k..'l90
1st mort., 53, 1904 . JAD 102
Pacific
BepnbUo
Chatham
Peoples'
North America.
Hauorer.......
Irving
Oitizeaa'
Nassau
Marliit A Fulton
8t Nichola.s
* Leather
Kxcliange
Continental
Oriental
A Traders'
Park
Kast River
Fourth National
Central National
Becontl XaTional
Ninth N.V,lonal
First Natunial
3dmort.,5s, 1914...J&J 100
'21 100
8'way 1st, 6s, gn
2n(l 6s, int. as rent., '05. 90
Srooklyn City— stock
158
Istmort., 59, 1902. .JAJ 100
B'klyncroist'n 6«., 1908 108
Bku.C'yAN'u5a,1938 JAJilOS
Central Crosstown— Sl'k.. 145
Istmort., 6s,1922.
Bank Stock
BANKS.
America
Am. Bzoh...
Bowery
Broadway...
Batohs'AUr.
Central
Semian- American....
Chatham
Chase N>itioual
Fifth .Vvouuo
Ohemloal
New York County
9«nnan Exchange
Oerniania
Cnit.d states
Lincoln
QarU.lii
National
the Sletrop...
>^l(le_
Seaboard
Sixth National
Western National
JHrit Natioual,B'klyn
115
Consols. 78, 1902 ...JADill'2
Ory Dk.K.B.A Bafy— 8tk.ll26
Istmort. 7a 1893..JADI100
National
N. V, Nat'i Kxohange
flowery
Ttilrrl
MAN
Oent Pk.N.A E.Rlv.— Stk.!114
Chase
....
City
Cltliens'
Columbia
Oommerce...
I
Bid.
List
,
110
105
27
114
200
104
104
104
91
lb2
102
110
106
60,901,7
66.324,3
66 209,3
tloclujlag, for Boston and Phlla
—Brokers'
Quotations,
Dry Dock K. B'y 4 B.—
Scrip
I
'
KiKhth At.— Stock.
99
210
ElghthAv.— Scrip, 68,1914 105
I
'
1
A
St. P'ry-Stk. 240
Ist mort., 78, 1893. AAO. 102
42dSt. .'tfanh.A StN.Ave.! 37
110
Ist mort., 6s, 1910..
4'2a
Qr'nd
MAS
llCl
230
109
250
105
10
IIS
51
2d .'«:„income,6s....JAJ( 49
Honat.W.St.AP.l!"y-8tk.!300
io?"
1st mort, 78, 1894.. JAJ 100
100
Niiuh Ave
95
95
90
Se ind Ave.— Stock
103
Ist mort, 58, 1909. MAN 100
170
160
ISixth Ave.— Stock
290 30O
Third Ave.— Stock.
h 1st M., 53, 1937. ...JAJ! 108
j, Twenty-third St— Stock.. 210
'102 I1C4
Istmort 78.1893
I
I
117
118
118
130
103
I
.!
— Latest prices of bank stocks this week.
Ask.
BANKS.
Bid.
303
400
German Am. 120
German Ex. 310
300
Germanla
Green wloh. . 145
345
Hanover
Hud. River., 140
ilm. ATrad's' 525
IfS
Irving
Leattier Mfs* 240
370
Lincoln
9allatln
Oarflold
Ask.
320
125
330
MarketA fol 330
Mechaolcs'.
M'ohs'ATrs'
Fifth
First
First N., 8.
nth Street..
7
Metropolis... 360
Mt. Morris
Uarray
Nassau.
Hill.
ilij'
250
600
IS5
BANKS.
New York...
Bid.
235
N.Y. County. 600
N.Y.NatKx. 130
Ninth
104
IHth Ward
150
N. America.. 1 60
Oriental
160
660
1^0
Park
260
Phonlx
336
191
120
160
136
10
IZIO
iSOO
Paciflo
I
People's
Ask
245
137
109
....
330
320
385
126
Proituce Ex. lis
KepabUc
Mercantile... 313
Merchants'.
Meroh'ts Ex
Metropolitan
I
1
;360
Manliattan... 177Hj
Oontinental
Com Bxoh...
Deposit
Bast Klver..
tltb Ward...
ruth Ave....
Fourth....
90,444,4
81,343,5
99,084,3
91,343,0,3,544,0
96,529,0 2,854,0
1-8,074,0 2.979.0
•28,873,0
tiv) ciphers in all the^e fljuret,
delphls, the Item "
1
HercaDtlle
fota;
102,912,4
403,413,9
402,848,4
403.965,3
408,359,8
5,599,6 126,478,5 3,895,1
5,938,5 136,986,8 3,765,8
6,557,4 126,181,3,3,813,4
8,109,3
8,161,0
8,278,1
York....
American Exchange..
of
66,842,9 151,121,1
65,842.9 151,380,1
65,S42,9 153,907,7
s....
"
"
Leatoei Manafact'rs.
Seventh National
Bank
West
DepotiU.i ^irc'Cn Oltarinit,
i
395.455,15 63,3S5,0 51,45 'J.g
29.... 124,920,5 397,3J7,3'6(),49(3,« 53,121.9
Sept. 6.... 124,920,5 400,580,6 58,769,0 5 1,099. ->
••
12..., 124,920,5 40I,ol6,0*f>1.7U,3 47,099.><
"
19.... 124,840,8 404,589,5 63,483,0 46,913,7
19...
Phlla,
Gallatin XatlonaJ
Batcher.^' A Drovers',
Mecliaulca' & Traders
Iraportera'
8>a
Boston and Pliiladelpliia Banks:
9
N. York.'
Aug. 82 ... 121,920,5
Sept.
Merchants' Exchange
New
Qia
Boaton.*
Oheniical
State of
Ask.
Tennessee— 68, old
1892-1898
62
Comiromise, 3-4-5-6S
1913 72
New settlement, 68
1918 1031a 107
1918 100 100 >«
5s
701*
3e
1913
70
"
Baak of New York
Bid.
B.C. (cont.)— Brown consol. 68.1893
Capital t
Survliu.
Bahks.
Banks.
.oo< omitted.)
City,
25.
SECURITIES.
Ask.
1906 IOOI4 101 14 New York— 6s, loan
1893 101
1906 105 108
North Carolina— 68, old
Class B, 58
JAJ 30
1908
Class C, 49
95
100
Funding act
1900
10
1920 90
93
Currency fundlne 48
New bonds, J. & J
1892-1898
20
Arkansas— 68,fund.Hol.l899-1900
8
15
Chatham ER
4
7
do. Non-Holford 1.50
190
Special tax. Class 1
4
7
4
10
Consolidated 48
7b, Arkansas Central RR
1910 98 100
Louisiana— 78, cons
1914 105
6s
1918 121 125
87
Stamped 4a
89
Rhode Island— 6s, cou.. 1893-1894' 101
1894-1 895 101
Missouri— Fund
South Carolina—63. non-fund.1888!
3
21a
Flfili
Feb.
6'% Jan.
Feb.
;
Alabama— Class
Com
May
May
40
NEW YORK STOCK EXCHANGE TRICES.—STATE BONDS SEPTEMBER
Shoe
Sepf
60
100
50
50
Postal Telegraph— CableU
Qnieksilver Mining
Preferred
Sept
July
211*
lOO.J
Ontario Silver Mining.
Penn.sylvania Coal
Phiia. Natural Gas
]48i«Mar.
110 Mar.
Mar.
22 Apr.
19S8 Jan..
124
28
100
100
100
New Central Coal
Jan.
11%
100 t 82
100
16
100 ;121
lOOj 26
100 t
100
Coniniercial Cable
Consol. Coal of Maryland
Feb.
82ig Apr.
101 •« .Mar.
21 Jan.
80 Mai.
86 July
92 Mar.
lOO!
Gas of Brooklyn
Columbus A Hocking Cfoal
May
123
Stock Yards. 100!j 77
Citizens'
Apr.
301a Jan.
63 Jan.
Mar. 18 Jan.
85 Jan.
July
Apr. 1091a Apr.
May 40 Jan.
Jan.
51a Aug.
Jan.
100
Am. Telegraph A Cable
|
Aug.
June
t
1001
iniacellaneoua Stocks,
5
1371* July
104
18>« 16
"
lOo!*
100
100
100
South Carolina
Toludo Pooria A WesternH
Toledo St. Louis A K. Cltyir
Virginia Midland
778 Sept.
15
Feb.
Apr.
Feb.
Jan.
A
Sept.
Sept.
13
78
Pltls. Ft.
*
Sept.
17
70
112
48%
276)1 Sept.
90
10
28>4
Jan.
Jan.
Apr.
Sept.
June
90
10
60
100 105
(Iraiiil IsJand
St. Joseph
T. II
St. LonlH Alton
Ban Frnu. let prof
St. L.
June 140 May
Juno lOa^ Fob.
30 Apr.
Apr.
Sept.
3
27%
Mar
16l«
6
5
2
100
50
50
25
100
50
National
5
12
1
*
167>fl
4ie Feb.
12
11%
13
Aug.
ah Mar.
9
100,
MemiihisA Cliarleston
Mexkan
7^
15
100!
I'r'terrcd
QeorRla
7H\
156" iii' 144
100
100
Film
20
13
Ciilar Kails.^- Mlmiosota
riilc. * Atl., lioiiof. trust reot«.ir..l
50,
CUivelnud* I'itlsliurK
100
ColumWa & Urocuvllle pf
100
Des Moiiips A Fort Dodge
I'ri'fi'rre.l
40
A Western
A Saratoga
A
A
Rensselaer
A-
A
tales.)
Ranje Cale$) in 1891.
Indloates unlisted.
IT
Railroad Stock*.
AlliiiiLV
TnlicatM actual
(t
iNACnVB 8TO0IU.
IHACTIVB Stocks.
H IniUostPs iiuUsted.
Alnlmnm
429
175
172
Seaboard
IS30
Second
Seventh
136
Shoe A Lea th. 160
136
118
186
160
St Nicholas. 139
State of N.Y. 110
Third
100
Tnulesmeu's. 90
Uult'dStales 200
^Western
rWest Side.
96
100
117
lOS
THE CHRONICLE.
430
LVot, LIII.
BOSTON, PHLLADELPHIA AND BALTIMORE STOCK EXCHANGES.
Sales
1^" Share Prices — not Per Centum Prices.
Eange
I
,of
Active StockSi
H lucUcates unlisted.
Monday,
Tuesday,
Wednesday,
Thursday,
Friday,
Weet,
Sept. 19.
Sept. 21.
Sept. 22.
Sept. 23.
Sept. 24.
Sept. 23.
Shares.
45%
4658
6
43%
139,592
Atch. T. & e. Fe
"
6
6
100
Atlantic & Pac.
Baltimore & Ohio (Salt.J.lOO 101 IOII4
"
131
100
Ist preferred
"
100
2d preferred
Boston & Albany Boston) .100 201 201
"
100 171%
Boston & Lowell
(SoetoHj.lOi)
463b
Central of Mass.
Preferred
Ohic.Biir.&Qnin.
OUo.
Mil.
&
St. P.
"
"
"
100 176
100 »iai«
100
100 9819
"
CPA«.;.100
Chic. <fe W. Mich. (liostonJ.XOO
"
100
CleTe. & Canton
"
Preferred....
100
"
100
ntclilnirg pref.
43
24
77
24
77
7^
45
1741a
•1913
3914
9914
10114
101%
201
131
118
201
'
118
203
176
174% 174% 174%
i"76'"
1801a
178
20
*19ia
20
191s
391.1
39
39 14
39I9
ao~f
98% 99 14
74% 73 12
7I9
733
241a
24%
77
77
4914
50
714
2414
761a
241a
714
77
27
98 ^
755a
491a
"
Preferred
179
.
'
971a
74
27%
26
5II4
90''8
77 'e
iO^ 42%
lOaia 1061s
2858
3012
76
78 ig
5459
54%
167
54%
34
Oilumet&Hecla
Canton Co
101
"
"
25
"
25
2.
(Balt.).lOO
"
Consolidated Gas
100
Erie Telephone (Boston). 100
imson Store Ser. "
50
Xi
i Oii'h Coal&Nav
50
'FIiU.j
If.EiiK.TelephonerBisCiiJlOO
Kortl) American. (Pint.). 100
Thomm-a-WnEl. .(Bosfn) 25
Preferred.,
West End La^d,.
*
"
2n
"
Bid and asked prices;
SI-'b
91%
9358
92-»a
92'8
10,912
32,900
2,149
5414
35
21%
2014 213i»
40
221
44
2211a
89% 92
93 14
96
97% 97% 96
185 186
182 187
183
182
1851a 187
49 14 48% 48%
4S'8 43fs
49% 49
481a
19i«
19
19
20
19
19
I914 20
19
19
191a
•270 275
'273
273
273 273
272 273
273 274
273
60 62
'60
65 '
63
65
63
4513
46
43
45
41% 46I4 '"4"6i4 46 14 45
•441a 45
*44ia 45
46
44% 4612 45% 4334 46
46
441a 441a
20
20
20
20
20
19
20
20
'49>3 49%
4958 49%
48^8 49
48'8 50
49
49
49%
50 *
50
50
50
50
17''8 19%
18''8 19's ""19% 20
201*
18
1318
171a 17%
5051iv
4838 493)
5218
50
51
52
50
SOHi 50 7f.
26I4 261s,
26I4 231*
26
26
2618 261a
26
261a 26I2
18-8 19
19it
19
19
19% 19
19
18% 18''6 13%
no sale was made.
X Bx div.
941a
I7913I8O
'
'
'
Bid.
'
'
>
Inactive Stocks.'
9%
914
81s
90% 92%
9OI3 9214
54%
39% 43
441a
914
91s
Ask.
'
Bid.
Inactive stocics.
Jan.
Jan.
Jan.
Jnne
July
I6I2 July
34% Jan.
21
658 Aua. 31
4 1031a Sept. 16
7 131 Apr. 8
6 119
Apr. 18
3 205
Jan. 20
12 1831a Feb. 5
10 20913 Feb. 12
7 20i3Jan. 19
2 40 Feb. 2
75*^8
Mar.
51
41
Jan. 2
Mar. 13
M.ar. 14
712
3419
21iif
205
95
181
49
481a 485s
9419
"
27
70
301a
975s 99
731a 75
*43
491s
Mar.
99''«6ept. 21
75''8Seiit.21
51
Jan. 9
71a Sept 19
24% Sept. 21
8534 Jan. 5
271s Sept. 19
475
5
457 17 Mar. 14
106 6914 Aug. 14
*"2'5ia
400 is Mar. 19
81
16 65 JiUy 30 8658 Apr. 23
26I4
26
5,3S3 1713 Jan. 2 28ie Sept. 22
48i«
43
2,011 4314 Mar. 20 49
Sept. 21
50''8 51
2,906 45 ''8 June 4 5II4 Sept. 22
3 120 Aug. 18 146 Feb. 11
23I8 23 ''6 34.330 17i4Jiily 31 25 Sept. 1!>
42
40
17,404 31 July 31 4278 Sept. 18
105 103
630 94 July 31 116i4Jau. 15
70
63% June 17 71 Aug. 31
71.948 20i4July 30 r-0%8ept. 21
281a 30
731a 7758 46,287 58% July 31 78i4Sept.21
167 167
2 102 July 29 lOSiaApr. 28
5118 5114
1231a 1231a
231a 24%
2414
4218
1071s
3915.
Sept.
JuneSO
77
26
81
48% 48%
49
414
85
127
113
13 192
4 172ifl
500 157
310
605
Highest.
47%
241a Mar. 10
670
I9I4
'*'2"2"'
24
77
261a
81
Tfllscellaneono Stocks.
'•
7I2
•7
24
'
Preferreo
Bell Telephone ..
Bost. & Montana
Butte & Boston..
9915
7514
50
77
.
Am.8uK'rRefin.TICBos(o)i;
iSia
3313
of sales in 1391.
Lowest.
1,455
135
118
202
175
179
115
201
175
179
331a 40
7%
714
130
19
49% *49
46ifl
6I16 C't
IOII4 102
179
179
19
I9I2
3914
9914
74's
2Ha 24 la
*76
*26
81
Hunt.
.
46%
176""
75 14 7578
49
50
7I4
4414
6i»
131
203
27% 27% 27
100 271a 27I4
8II5
*81
82
"
82
100 26" 84
27% 2Si» 27%
28
27
271a
50
& Br. Top. rPAt/a;.
48I4
"
48% 48% 48%
49
Preferred
50 47% 48
"
49% 49% 49'8 501s 50% 5134 51
Lelilgh Valley
50
Maine Central (Boston).lOO
23I4 24I4
"
24>4 24''e
231a
Mexican Central
100 24J2 25
41i8 42Hi
40'8
4215
4214 42^8
"
Jf Y. & N. Eng.
100 42
"
107 107 1* 107
Preferred
100 107 1071s 107% 108
70
701^
HortUem Central (Bait.). 50
29I4
2914
29=8 30
2958 30%
Horthern PaolflcfP'ii'a.;.100 29
"
78 14
76%
77
Preferred
100 75% 76% 7714 7314
•166
167
166
166
Old Colony
( Boston) .\00
5459
54% 547e 5479 55
Pennsylvania.. (P/tila.). 50
647e 55
34
33
35
PWladel. & Erie.
"
50 33% 34
341a 33
"
20% 2119 209,a
Phlla.&Eeading
50
20% 213,. 21142I1S,,
*6ia
71«
7U
Bummit Brancli^JJosto«>. 50 *6
"
Onion Paciflo
44% 43=8 4t't. 421a
100 AZ^ 42'7b 43
22414 '2211a
United Cos.ofN.J.rP»i/a.;iOO 22414 224I4 224I4224I4
9I9
WesteruN Y.&ParP/"'«.; 100
95p
9%
9%
91a
91a
0''e
K.&PereMarq.
46%
6
'202
203
176
99%
loh,
6
203
39
47
46'^8
451a
*6
131
170
20
7416
47%
100% 100% 100% 100% 10034 101
r
Boston & Maine
the
Saturday,
10,872 4958 May 19 33 Sept. 2 1
1,026 24 July 30 35 Sept. 21
97,976 1210, nAug. 4 21i3„Sept.2 1
713 Aug. 31
41a Fell. 5
57,419 3214 Aug. 11 52% Apr. 28
29 222 July 31 230 Feb. 5
6I4 July 31
7,996
97eSept. 13
87,502
1,497
183
481a
I914
275
63
46
46
20
493i
18%
9358 Sept. 21
841a Mar. 11
97%
Sept.
22
Aug. 27 220 Jan. 14
39 14 Jan. 21 50 Sept. 2
1314 Jan. 2 20 Sept. 2
240 July 31 230 Mar. 31
49 14 Jan. 27 621a Sept. 1
42 Aug. 1 49 Jan. 14
43% Aug. 1-' 50% Mar. 31
13 Mar. 30 24 Jan. 9
44 13 July 31 50 Sept. 22
47% July 30 53 May 5
2018 Sept 24
ll'^a June 23
x3Si4 Aug. 5 52ie Sept. 21
24 14 Aug. 14 261a Sept. 21
tl358 July 31 24% Apr. 23
2.398
3,203
83
1
1,037
216
199
4,279
50
1914
501s
26I2
5814 Jan. 17
717' 173
27,117
20,287
1,99"
8,195
I
Ask.
tEx
rights.
Ask,
Bid.
Bonds.
]
Prices of Sept.
23.
Atlanta & Charlotte (i?«».).100
90
Boston & Providence (Boston). 100 245 250
Camden & Atantic pf. (Phila.) . 50 23
30
Catawissa
"
91*
50
1st preferred
"
50
2d preferred
"
50
xi^ntral Ohio
(Ball.). 50
521a
CUaii. Col. & Augusta
"
100 t 12
Jonneclleut & Pass. (JJosto«).100
Connecticut River...
"
100 1219
Delaware it Bound Br.(P/iiZa.).100 150
Har.Ports.Mt.Joy&L.
"
50
80
Kan. CyFt.S.&Mem. (I?oston). 100
"
K.C'yFt.8.&Gulfpf.
100
K. City Mem. &Birm.
"
100
I-ittle Schuylkill
(Phila.). 50
67
Manchester & Law.. (3o«to>i).100
MaryliHid Central
(Ball.) 50
Mine llill & S. Haven (Fhila.). 50
65
NesquehoningVal
"
50
54
Korthern N. H
(J?os<on).100
Korth Pennsylvania. (Pliita.). 50 801a ...
Oregon Short Line... fiioston; 100 2o>a; 261a
Parkersburg
(Bait.) 50
Pennsylvania &N.W. (P/iila.) 50
Kale igh & Gaston
(Balt.)lOO
.Rutland
(Boston). 100
413
Preferred
100
73
Beabiiard & Roanoke. (Bait.) 100
1st preferred
••
100
West End
77I3
(Boston). 50
Preferred
"
50
65
West Jersey
(Phila.). 50
West Jersey & Allan.
"
50
31
Western Maryland..
(Bait.)
50 Ills
Wilni. Col.ife Augu.sta
"
100
Wilmingt'nit Weldon
"
100
WJseon.sin Central. .. (Boston) 100
2I14 21%
Preferred.
100
70
Worc'st.Nash>&Roch.
"
100
Thom.Europ.E.WeldTI (Boston) 100
"
100
iWater Power
"
50
Westing. El. tr. rec.H
Bonds.— Boston.— ^. ,
At.Top.&S.l'.100-,vr.4g.,1989. J&J
811a
100-year income 3 g., 1989.Sei)t.
64%
Burl. & Mo. River Exempt 6s, J&J 110
Non-exempt 68
1918, .TAJ 103
Plain 4s
1910,J>!iJ
841a
Chic. Burl. & Nor. Ist5,1926,
5IOO
2d mort. 68
1918, J&D J 100
Debenture 68
1806, J&D 100
iChic. Burl.& Quincy 48. .1922, F&A
85
Iowa Division 4s
89
1919,
lChic.it W.Mieh. gen. 58, 1921, J&D
931a
Consol. of Vermont, 5s. 1913, J&J
iCun-ent River, Ist. 5S..1927,
Det. Lans. & Nor'n M. 78. 1907. J&J ,102
lEastern 1st mort. 6 g., 1906, MAS!
A&O
A&O
Iree.Elk.&M.V.,lst,6s.l933,A&0,
Bay
(Boston)
"
(Ball.)
State Gas
(Boston)
•'
Boston Land
"
Centennial Mining "'
Fort Wayne ElectrlcIT
"
Franklin Mining...
"
"
Frenchiu'u'sBayL'nd
Huron
.Mining
<•
25
25
25
50
10
10
25
25
1%
2
16
151a
K.C.C.&Spring., Ist, 5g., 1925. A&O
|K. C. F. S. & M. con. 6s, 1923, M&N ,100
Mem. & Bir.,1 3t,.58,1927, M&S 68
& C. B., 7s. .1907, J&J 116
iL. Eoek&Ft. S., 1st, 7s. .1905, J&J :)9^
!K.C.
1418
181.
5
514
25 70c.
'
|Louls.,ET.&St.L.,lst,6g.l926,A&0
2bi., 2— 6g
1936, A&O
iMar. H. & Ont., 6s
1925, A&O
Exten. 6s
1923, J&D
[Mexican Central, 4 e... 1911, J&J
1st consol. incomes, 3 g, non-cuiu.
2d consol. incomes, 38, non-eum.
N. Y. & N.Eng., Ist, 78, 1905, J&J
Ist mort. es
1905, J&J
2d mort. 6s
1902, F&A
2d mort., scaled, 58.. .1902, F&A
1
I
Ogden.
& L.
Inc. 6s
881a
94
108
122
120
73
1002,
M&N
1808, F&A
,„ Bonds,— Philadeliliia ,,,
Allegheny
Val.,7 3 lOs. 1896, J&J
2d, 6s
Oxf.&Clark.,int.gu.,6
g.l937,M&N
Piedm. & Cum., Ist, 3g. 1911.
109
Atlantic City 1st 5s, g., 1019, M&N, 103
Bclvidere Del., 1st, 6s. .1902, J&D. 113
IO3I4
80i«
631a
50
38
1021a
98
114%
55
108
98
99
105
101
100
106
100
101
lOOia
102
lOlia
101
101
102
100%
lOlifli
114
116
109
1151bI
110
IOOI4
901*
t
F&A
& Councils. Ist 78.1398, J&J
Virginia Mid., Ist 6s. ..1906, M&S
1911 M&S
2d Series, 6s
Pitts.
F&AI 11513
II214
117% 118i»
I
C.,Cou.6a.l920,A&O§
1920
Rutland, Ist, 66
I
Bonds.— Baltimore. ^,,
Atlanta &Charl., 1st 78, 1907, JSiJ
93 la
Income 6s
1900, A&O
Baltimore & Ohio 4g., 1935, A&O
1061a
86
Pitts. & Conn., 5 g...l925, F&A
101
Stateu Island, 2d, 5 g.l926, J&J
101
Bal.&OhioS.W.,l8t,4isg.l990,J&J
'2
721a CapeF.&Yad.,Ser.A.,6g.l9l6, J&D
37
38
Series B., 6g
1916, J&D
1916. J&D
Series C, 6 g
231a 24
,120
Cent. Ohio, 4I3 g
1930, M&S
112
Charl. Col.&Aug. 1st 73.1895, J&J
Ga.Car. & Nor. 1st 3 g..l929. J&J
1031a
North. Cent. 6»
1900, J&J
1904, J&J
6s
Series A, 5s
1926, J&J
'4I33
1925, A&O
lyOO,
Q—
&
&
F&A
M&N
1
,
IOOI4,
101
53, r
11414:113
tll5 !117
M&8
M&S
M&S
1916,
3d Series, 6s
iChar. Cin.&Chic.lst5g,1947.
1921,
4th Series, 3-4-3s
Jl
6I4 Clearfield & Jeff.,
11713!
Ii)e6,
flOl
1st, 68.1927, J&J
5th Series, 5s
20
Connecting. 6s
1900-04, M&Si 117
West Va. C. P. lat, 6 g. 1011, J&J 106
1414 iDei. & B'd Bi'k, 1st, 78.1905,
1241*
West't X.C. Consol. 6 g.l914, J&J
19
Easton&Am. l8tM.„">8 1920,
ri6"j Wilm. Col.
Aug., 6s.. 1010,
5I3 lElmir. & Wilm., 1st,
MISCKLI,ANEOC.S.
63.1910, J&J.
"|
71c.
Hunt. Br'd Top, Cou. 58.'05.A&O 103
Baltimore— City Hall 68 .1900,
j'
81
Lehigh Nav. 4iss
Fuudinges
1900. Cj—
1914,
1071s
I6I4
2d 68, gold
West Maryl'd RR. 6s.. 1002, J&J
1897, J&D 110
"
Ti
100
"
Kearsaige Mining.'!'
25
151a
Monis Canal guar. 4 (P7u7a.).100
t
81
Preferred guar. 10
100 195
Osceola Miniug
(Boston)
25
38% 39
•'
Pewabic iMiuiug..
25
"
Pullman Palace Car..
100 192 194
Quincy Mining
«
251
"
Tamarack Mining
25i 176
.<
Thoms'nElec.Wci'fgii
100
ana 1 UmisLeO. 4 Ata accrued Interest.
Illinois Steel
,
K.C. St. Jo.
.Catawissa, M..7.-i
19
81%'
65
'ii'2'6'
Unstamped 1st, 63....1933, A&Oj
I
MISCELLAKKOtrg.
Atlantic Mining
City Passenger KR. . !
3'8
1458
A&O
,
Allouez, Milling
31a
1413
113
1019, Var
1913, J&Dj
Coliat. Tr. 41* g
Pa. &N. Y. Canal, 7s. ..1906, J&D; il21
Consol. 5s
1939, A&Oj
102
Perkiomen, Ist ser., 33. 1918, Q—
Pnila.& Erie gen. M. 5g.,1920, A&O tll2
98I3
Gen. mort., 4 g
1920, A&O
80
Phila & Read, now 4 g., 1958, J&J
Feb
1
68
1st prof, income, 5 g, 1933,
49^8
2d pref. income, 5 g, 1938, Feb. 1
1
1958.
Feb.
37%
3d pief. income, 5 g,
1893, A&O 10713
2d, 7s
1011, J&D 127
Con.sol. mort. 78
1011, J&D 114
C0U.S0I. mort. 6 g
IinprovementM. 6 g., 1897, A&O 105%
Con. M.,5 g.,stamped,1022,M&N 102%
PhiL Wilm. & Bait., 4s. 1917, A&O
Pitts. C. & St. L.. 7s.... 1900, F&A
Po'keepsie Bridge, 6 g.l936, r&.\
8chuyl.R.E.8ide,lst5 g.l935, J&D 106
Steuben. &Ind.,lstm., 58.1914, J&J 104
1894, A&O 105
United N. J., 6 g
Warren & Frank., l8t,78,lS96,F&A IO7I3
Penna. Consol.
\
&
Q—
Q—
General mort. Has, g.l924,Q—F
Lehigh Valley, 1st 08...1898, J&D
2d 78
1910, M&s;
Consol. 6
1923, J&D
iNorth Penn. 1st, 78. ...1896, M&N
Gen. M. 78
1903. J&J
Pennsylvania gen. 68, r..l910, Var
100
I
I
Consol. 6s. c
La.t price this
week
..1905. Vfir
106 !«
J&D
111
130
124
i'25'
129
122
118
1016, M&N fl24i3'126
1916, M&N
1930. J&J ti'd2'34 i'o's'l
65
Virgiuia (State) 3s, new. 1032, J&J t 64
1071^1
Chesapeake Gas, 68
1900, J&D 107
1010. J&D II2I3 113
Consol. Gas, 6a
381'
1930. J&J t 91
3s
1913. A&O 10.^1-. 1091'
Equitable Gas. 6s
Water 58
Funding 5s
Exchauge 3133
I
126
'
Septbmbes
THE CHRONICLE.
26, 1801.]
KEW YORK STOCK BXCHANttB PRICES
lUlof-nj
(Continued).— ilOr/Fff
Rangt (sola)
jt^'J'^';,,.^;,^',
At.Top.A,!S.F.— lOOyr., Ifc'18>*y
ll>t)y
100v(-ailiii'(>iiu'..S)!
Atl. .(. ra,\V.1>. liip.,ti».191<l
ll'^W
(iu..i:nil.,,1.4 R
l;rinil,i-ii 1.1, Mlfil Ist.O.K-'*'--'
li)08
58
Cnii. tjmilli.
l8t ({iiur.,
—
1913
2d,.'is
K
J
M
J
it
.t
75
U4^
38^8 Mar.
153g
73>sb.
OTeJnly
69 July
821a Sept.
66% Sept.
16 Sept.
75 Jan.
108's Apr.
1021a July
95>a Jan.
115 Jan.
121a June
10714 Feb.
Feb.
1 18
Mar.
b.
J 10514
08
8
Q-J 'lie
.\. J.— Coii8.,7«.189!J
Nil 19 I).
19oa
C0U80I., 7»
J
& j:io9»8
5
k-19S<
Generiil iiiorteiVKO,
108 b.
Leh. JtW.15.. con.. 7s,a»'U. 1900
& Nl*9:i 1>.
191do. iimrKtatre, 58
JtlOu'sb.
k.m. Doik* Imp ..'ia.... 1921 J &.
ntrairjiilllc— (iol<l,(i»..1898 J & J 109 b.
c--l-*l' A & O 115 b.
D8. ds Ohio-jMoit.,
Centnilof
1).
MA
Q-M
M
list COUWil.,') K.
.1939
M
Si
1
N.lOia*
& J 70 b.
TO b.
\. J
-^
A A 102 b.
Si J 12014b.
1913 M & N,*102 a.
[. Debentun-,
1922 F & A Sii
Denver l>lvi!>ioii,49
80 a.
_ Nebniska K.vtdialoi]. 4».1927 JM &<t N
D'113
1;. hl.-l»t,s.l'..0s.l907
EChlo.
• Coii9ol.,C),'
I'-'!**
6
"^S^H"^,
AN,
19371"" «
^. ^.^»w>usol. l3t,53..1937lM
encral w>nsol.l3t,53..
9'.^i»_ aenpral
~
1-5 g. 1982 M AN' OJiab.
rcwccaso&Krlc-lst.
„
;.itA.Div.,l«ti'OU.,2-4K.19S J
do •JiU-ou..l(?...1989 J
1911 F
F*hM. O. & ¥0. W.-tiK
ICtoJc. Burl. A: (,i.-Cou.,78.1903 J
1
.">»
1
<tc
...1P82 Oet'b'r 33
Income
icoiue,:".'.
"'
c. Gas I.. A- C— 1st, 5 K'. 1937 J & i*!''?.
& J 12414
COU.78.1905J
ICaUc.Mil.As't.P.—
K
*
Ist. Soutbwi'st Div.. <is.l909|J
iBt, So. .Mill. Dlv.. (is....l910 J
l8t.Ch.A:l'ac W.Ulv , .-)S.1921|J
Chic. A: Mn. Kiv. Div., 5s. 1020 J
>!:..1921iJ
Wis.
.Minn. Div.,
& J
& J
111
113
&
1051a
& J'9!*1
i J 10 '9b.
&
1914 J & J 102 b.
Terminal,
35 "
a.
J: .?•;,
iya-Ji-i & j;
«cn. M.
<jcn.
-M...4>.'.,
4>.'., series A...
A. ..1989iJ
Wlhv.ANoitb.— M.L.,68.1910 J & DlOOiab.
1913 J & DlOOMib.
Ist.con., (>9
Chic.&N.W.-Cou»ol.,78.. 19151 Q-F 134%a.
1902: J A D,123
Coupon, cold, 7s
1929 A & 0,*113 Ix
Sinking funa.Gs
1929lA & O 108 b.
einkiuK fuu.1,59
Sinking fund dtben., 58.1933 M & N *105 b.
2.5-year debentures. ...1909|M& N 105 a.
1926 F &, A 90 b.
Extension, 43
Cliic.Peo.&St.Louls— 5g.l928,M & S, 9i a.
J 120isb.
Chlc.R.I.&Pac— (i9,eoup.l917 J
Extonsionandcol.,5s...l934 J & J lOOU
CUlc.St.L.&l'itt.-Cou.,5g.l932 A& O'lOl a.
Chic. St. P. M. ifco.— GS....1930 J & DllOisb.
Cleveland&Cantou— 5C-.1917 J & J 87 b.
C. C. C. &!.— Consol., 7 g.l914 J & d;125 D.
1934IJ & J *113 b.
General consol., 6 g
.-|
.1
.1.
i:
>«•
<fe
1900;F
Col. Coal & I ion— 6 g
Col. Midland— Con., 4 g...l940!F
Col.H.VaI.i:Tol.— Cou.,5g.l931iM
1904lJ
Geueral.Oe
Denver* KioG.—ist, 7 g. 19001
&A
99
A;
A(
&
70^
8,
82
d!
Sejab.
&,
MA
b.
120
107
108
92
Mar.
May
Jan.
July
Aug.
lO.Ta July
1073« Aug.
llOHiJuly
I,
„
/M/»r'»(
BAILROAD AND MISCEL. BOXDS.
,
IfOTB—" b " Indicates price
6irf ;
"a"
1085s June
llOigApr.
95 Jan.
81 Apr.
26 June
8 )ia Aug.
120 Jan.
1081a Aug.
110 Jan.
104 Jan.
94 Aug.
100% July
100 Mar.
811a July
107 1« Jan.
107 Jan.
1311a Aug.
121 Juno
111 July
105 Jan.
102 14 July
102 July
931a July
921a July
1181a July
95 14 Mar.
100 Feb.
Sei)t.
112>4Apr.
1 14
Fob.
107% May
Jan.
July
1031a Apr.
87 Fob.
112 Fob.
112 Apr.
13<l% Apr.
127% Feb.
113 Feb.
Sept.
105%
Apr.
Feu
May
99
104
Feb.
Jan.
lOOie Apr.
95 Jan.
105 Jan.
96I4 Sept.
117 Jan.
97
116
76
87
Mar.
Jan.
May
Sept.
92i3Jau.
112
Juno
II314 Apr.
117
May
85'8 Mar.
112
98
88
Sept.
Apr.
Jan.
I1513 Juue
108 Apr.
1241a Apr.
108 Feb.
127 Apr
101^8 Jan.
79% Feb.
48
Sept.
Ill
Mar.
Apr.
105
91
991a
112
July 116
June 100
62
124
103
July
July 127i3June
Juue 1071a Mav
Jan.
Jan.
Jan.
;
I
10358 June
II712 Apr.
70 Feb.
Range
Is
Income, 5 g
male up
PRICES-tContinned).—/A:4Cr/VE
SECURITIES.
Ask.
A
B.
O. 8. W., Ist. g., 4i«g...l990
1919
Mou. Riv., l.st g., g. 59
Railro.id Bonds.
Exchange I'ricee.)
Alabaiua Mid.— Ist, g., Os
192S
1937'
fro :u actual sale i only.
Bid.
*
Bost. H. Tun.
no
'
Jan.
Mar.
Jan.
Jan.
Apr.
May
Jan.
Apr.
June 1131a Apr.
Juue 1 14 Apr.
July 110 Jan.
70 14 Sept.
631a July
23 Aug. 32 19 Sept.
114 May 118 Jan.
111 July 117 Feb.
97 July 1021a Feb.
80 Jan.
871a May
74 Feb.
611a Aug.
60 Aug. 73 la Feb.
95 Aug. 103 Mar.
102 Aug. 107 Feb.
29 Sept.
13 Jan.
I
100
Sept.
1091a Apr.
'
42
28
103% May
114
Mar.
101% Mar.
104
94
961a
901a
3514
99^1
Apr.
Jan.
Jan.
Apr.
Jan.
Feb.
108 Apr.
107i9Jan.
77 Jan.
91 Xan.
11413 Mar.
111% Feb.
74 Apr.
111 Jan.
loo's
May
llli4Mar.
IIII3 Apr.
1061a Jan.
80% Feb.
82
Ill
Jan.
Apr.
8919 Feb.
90
102
Feb.
Feb.
80
Aug'.
5I14 Sept.
103
101
Jan.
Feb.
36 la Sept
100% Apr.
97 Jan.
47 8ept»
July
BONDS—SEPTEMBER
SECURITIES.
25.
Bid.
Ask.
Rap.ANo.— (Contln'd)—
Minn. A St. L.— Ist, 78, ga..l927 100
Burl. Ced.
101
Iowa C. A We.9t.— l8t,7»....1909 100
Oent'lOhlo Beor.- Ist, 4>38.1930
A W.— Dob. 5s. 1913 981a 971s Ced. Kap. X. P. A N., 1st, 6s. 1020 95
1921
:id,
3-58.1915
83
l8t, 5s
Brooklyn
Elevated89
77
Atlantic A Dan>.— 1st g., 63.. 19f;
C.OUlo— :ol. ACIn.M.lst,4ias.l939
Bufl. Roch. A Pitts.— (icn., 58.1937
901a 94
Atl. A Pac- -.Jd W. D., gu. 6s,. 1907
85
Col.
g.5».1937
(is
Bank.—
iKt,
1921
115
'.ent.
Pitts.—
KB.
A
Koch. A
Bait. A Ohio— Isi, 68, Park B. 1919 115
C>)n9olldat'dls».63.1922
iln
Chat. HomcA Col.— Gtd g.5s. 1937 "75"
do
98I4
*
^», LMld
l8tcou.gtiL59.19i9
Sav.AWest.—
ANc..-lst,58.1906
Kap.
99
1925 107
Burl Ced.
Coil", mort.. gol 1. Sg
1988i 103
91
3euU of N. J.-Couv. deb., tis. 1908
Consol. A Cdllat. UnM. ."19. ..1934
Mo price Inday ; these ate the latest quotation* made this week.
(StocI:
Mar.
Latest price tUlsweek,
Ask.
101
Jan.
Jan.
Feb.
Feb.
1 07
103
A A O!l0o% 99 Jan.
M.—
A J;102 b. 101 July
Tenn.C. I. ARy.— Ten.D.,lst,6g'A A 0*90 b. 82 Aug.
Birm. Div.. 6g
1917, J A Ji*89 a. 81 Aug.
Tex. A Pac— 1st, 5 g
200o'J A D SHab. 83 Aug.
2d,iucome,5g
yooOlMarch. 32%
27 Aug.
Tol. A. A. AN. M.— 6g
1924 M A N 93 a. 92 Aug.
Tol.A. A. AGr.Tr.— 6g....l92l!j A J*104b.'l03 July
1935iJ A JilOliab. 102I3 July
Tol. A Ohio Cent.- 5 g
Tol. Peo. A West.— 4 g
1917, J A J 73 b.l 71i9July
L.
A
Kan.
Tol. St.
C— 6 g. .19161 J A Dl 8914a. 79 July
Union Paciflo— 6 g
1899|J A J,»110 b.'llO Sept.
Slnkinir fund. 88
1893 M A 8 105 b. 105 Sept.
CoUai. trust 41a
19l8lM A N 70ia
69 Feb.
KansasPaciHc— l8t, 6g..l895 F A A 105 b. 1045a Aug.
l8t,6g
189GJAD107 h. 107 July
DenverDiv.— 6 g
1899 M A N 107 b. 106 Sept.
latconsol.,6 g
1919 M A N lOSijb. 105 Aug.
OregouShortLine— 6g..l922|F A A'lOl
95% Aug.
Or.S.UAUt'hN.— Cou.5g.l91i)'A A Ol 74
66 Aug.
U.P.Deu.A Gulf con. 5 g.iy39iJ A D 73
61 Aug.
Onion Elevated— 6 g
1937 M A NlllO b. 106 Jan.
VirglniaMld.- Gen. in.,5s, 1936 M A N| 80 b. 78 July
do
stamped guar.M A N 80 b. 83 Jan.
Wabash— l8t,5 g
OOiaMay
1939 M ANIOII4
2d mortgage, 5 g
1939. F A A 78ia
70 Feb.
Det>enl. M., series B
1939 J A Jl 48 b. 27 May
West Shore-Guar.. 49
99iaJuly
2301 J A J IO214
West. N. Y. A Pa.— Ist, 5 g. 1937 J A J' 97 b. 96 Jan.
2d mort.. 3g., 5sc
27 July
1927 A A O 34
West. Xju. Tel.—Col. tr., 53. 1938 J A Jl 99 b. 98
Jan.
Wis. Cent. Co.— 1st, 5 g
1937 J A J 94%a. 88 July
1st, consol., gold, 5 g.... 19381
80. P.aciac, N.
lOlljJ
Og
11558 Mar.
118 Feb.
Sept.
Sept.
Sept.
Feb.
Jan.
llOiab. 11061a
1
Sept.
8213 Jan.
10012 May
821a Jan.
lOO^g Jan.
122% Jan.
124 Jan.
U6
1906MA N
6g.,Clas8B
6 g., Class C
190U,MA N llOijb
General mort., 6 g
193llJ A JI109
St.l..8o.We3t,— lst,4.s,g..l989M A Nl 68I3
2d, 4s, g., income
l!)89'J A Ji 30>4
S.P.M.AM.— Dak. Ex.,6g.l9]i)lM A N »U6 b.
l8t consol., 6 g
1933 J A J 113 b.
do
reduced to 41a g-..' J A J, -100
Montana Extension, 4 g. 19371
82
'62
SanA. A Aran. P.— lst,6g.l916'J
61
Ut, 6 g
1926 J
Seattle L.8.AE.—lst,gu. 6. 1931 F
98
So.Car.- I8t, 6 g.,ex ooup.l920| ..
103
Income, 6s
27^8
1931..
80. Pac, Ariz.— 6 g
J 103
1909-10'
Bo. PaclUc.Oal.— 6g....l903-12|A A O* 11258b.
83 Feb.
961a Feb.
Sept.
income, 5 g
MA
Sept.
1191a Fob.
35%
pref.
AS
May
lOOifl
1
,
I2714 Feb.
100 13 Aug.
89
July
A
68 14
1958 Feb.
69%
471a Mar.
49iab. 32
1958 Fob.
51
Mar.
3714
1938 Feb.
2514 Mar.
3958
Pittsburg A Western— 4 g. 1917 J A J 78%
7319 Jan.
81
j;i03 b. 1071a Sept. 1 18
Kloh ADauT.— Con.,6g..l915lJ
Oj 80 b. 78
Consol. 3 g
1036 \
Aug. 911a
Rlch.AW.P.rer.-Tru8t,6g.l897 F A A 83 b. 82 Sept. 100 la
Con. 1st Acol.tru.st,5g.l!n4 M
54%
51 Sept. 75
BloG. Western— 1st, 4 g.. 1931) J A J 761*
7314 Aug.
77%
110
A
b. 105
R. W. AOgd.— Con.,5s....l922,A.
O
Jan. 114
92 la
Nl 88
St. Jo. A Gr. Island— Og.. 1925
8218 Mar.
8t.L. Alt. AT. H.— lst,7s.l894lJ A J'llOSiab. 108
Juuo 110%
2dpret.,78
1894: P A A 103 b. 101
Aug. 107
St. L. AlronMt— l8t7s...l892;F A A'lOlU
IOOI3 \ug. 105
2d,7g
1897iM A N 107 b. 10412 May 108%
CairoArk. ATexas, 7g..l897 J A D 10Gi4b. llOJia July 10714
Gen. R'y Alandgr.,5g..l93llA A O' 8»iab. 31 May
93%
8t.L. ASanFr.— 6g.,Cl.A.iyi)ii M A N:110i2i). 108
Juue 1121*
113'4 Juue 119 Jan.
9li3.May
861a Apr.
129 Jan. 132 Feb.
113 July 121 Mar.
99 Aug. 106 Jan.
62 Apr.
711a Sept.
86 Jan.
781a Aug.
80
^
imi'
Uigh4$l,
Ist prcf. income. 5 g
pref. income, 5 g
2d
3d
100 Jan.
100 13 Jan.
103
|
l>.
92 la Apr.
1231a Feb.
109
109
Lowul.
!
15^^ Apr.
Jan.
Apr.
9314 Scjit.
98
104
IgOI.
i
121
100
38
I,
(talet) in
1
117% Mar.
May 102 Sept.
7II2 Fell.
July
July
73 Feb.
1021a Aug. 114 June
117i«JiUy 123 Jan.
9534 Aug. 1021a Apr.
86 Sept. 95 Jan.
SO July
88% Jan.
price asteri; the
Bid.
May
64
NEW YORK STOCK EXCHANGE
SECURITIES.
Jan.
Oil
1081a Jan.
112% Mar.
65ifl
AO
NllO b.
A A' 99iaa.
2d extended 5s
igSS'J A J 103
Mobile A Ohio— New, 6 g.. 1927! J A D 112 b.
_^General mortgage, 48. ..1938, M A B\ 66
Nash. Ch. A St.t.— 1st, 78.1913 J A J,124i«
.Con., 5 g...
1928'A A O1IO6
113
Bangt
1
U 1^8 May
941a
N,*115 b. 114% Juno
1936J A J ''°-77 Aug.
lstcousol.,4g
78?i
Det.B.CitvA Alpena— Cg.l913iJ A J 92 a. 91 Jan.
I>et.M«c.AM.-L'dgranta.l91liA A O 33 b. 29I3 Jan.
1937 A A O 97788. 95 Jan.
Dul. A Iron Range— 58
Dul. So. Sb.A Atl— 5g....l937 J A J 96 b. 85 July
96 May
E.Tenn.V AG.- Con., 5g.iy56!M A N 97I3
Knoxvillc AObio.O g...l925'J A J 108 a. 102 July
82 Sept.
Eliz. Lex. ABigSau.— 6g.l902M A S 82
93 Aug.
Ft W. ADeuv.City— 6g..l921J A D lOOU
Oal.H.ASanAu.-W.Dlv.l9t,5g.;M A N|*,94i2b. 911a July
110 Mar.
Han. A St. Joa.—Cons., 08.1911 M A 8 lU
Illinois Central— 4 g
1952 A A O *95 b. 93% May
Int. AGt. No.— l8t, 6g....l919M A N 114 b. 1091a July
Coupon, g., trust rcc..l909|M A S| 70 b. 68 Mar.
lowaCeutraf— l8t,5g
1938 J A D se^b. 801a Aug.
Kentacky Central- 4 g
1987.1 A J 80 b. 78 July
Kings Co. El.— 1st, 5 g... .1923' J A J 97
971a Apr.
77
7112 Juue
XacredeGas— 1st, 5g
1919 Q—
IjakeErieAWest.- 5g....I937 J A J 105
105 Aug.
119
t.Shore— Con. cp.,l8t, 78.1900 J A J
1171a Sept.
Consol. coup.,2d,78
Juno
1903, J A D 121 b. 118
Longlsl'd- Ist, con., 5g..l931 Q— J *116 b. 110% Jan.
General mortgage, 4 g..l938lJ A D| 90 a. 88 June
I«uis. A XasU.—Cons., /a. 1898 A A O 113 b. 1 10
Sept.
M.O. AMol>. lst,6g
193o;j A J*ll»b. 113% July
do.
2d, Og
1930 J A J 110 b. 103% Aug.
E. H. A N. l8t, 6 g
1919'J A D113 b. 111 June
General.Og
1930;J A U ll2H!b. 112 July
Unified, 4 g
194o'j A Ji 79>2b. TO'^s Aug.
Iionla. N.A. ACli.— I9t,6s.l910;j A Jllllija. 101
Mar.
Con.sol.,6g
1916lA
90%
84 Mar.
Louis. St. L. A Texas— 6 g. 1917 F A a!*81 b. 65
Aug.
Hetro. Elevated— l8t, 6 g. 1908 J A J 11258b. Ill's Jan.
2d,63
1899 M A N 105i«b. 103 June
JOcli. Cent.- l8t,con.,78..1902 .M A N'120'4b. 118
June
Oonsol., 53
1902 M A NllOSisb. 107 Mar.
Kll.LakeSh.AW.- l8t,6g.l92l!M A Nll22i3a. 117 June
Extcn. A Inip.,5 g
1929 F A AHOO a. 97 Aug.
M. K. AT.— l3t 43, g
1990'J A D; 7714b. 74% Jan.
2d 4s,e
1990,F A Ai 43ifl
36 July
Mo. Paoiflc— Ist, con., 6 g.l920 MAN; 108 b, 103 May
3d, 7s
I9O61MA
Pac. of.Mo.— I8t,cx.,4g.l938 F
100
Mar.
,
A N I02>.,|),.'100% May 103 '4 Mar.
J 23 b 231.1 Aug. 127i4Ai>r.
A M loP-jb.1041a Juue 110 Jaa.
llOM,
MAN
118>aMay 123 Mar.
N.Y. Chic. AHt, L.—4g...l937 A A O 937sb. 89 July lOSigJaifc
lOOti J A J U2 b. 109
N.Y.Elevatea-7H
July lis Apr.
N.Y. Lack. A \V.— l8t,0»..1921 J A J 127 a. 125 Jicly 132 Jan.
1923 F A A *108 b. 108 Feb. 109% June
Construction, 8»
!r.Y.I-.E.AW.-lst,con.,7g.l920 M A 8 120 a. 33 Jan. 137% Feb.
1893 J A D 105 h. 103 Juno 1071a Apr.
Long Dock. 7«
1935 A A O llO'sh. 115 Jan. 118% Sept,
Cou801.,Ug
1969 J A I) 101 '4b. 96 June 105 Sppt.
2d consol., ttg
N.Y. Ont. A W.-l8t. 0g..l9H M A SllO-at). 1
Mar. [115 Fell.
1939 J A D, 95ia
Consol. l8t, 5g
90 Juno ,98 Sept.
N Y.Hiis.AW.— I8tref.,5g.l937 J A J 98'ah. 94 Jan. lOligAng.
Miilhinilof N.J.,«g....l910 A A 0,*113 b. lUiflMay '1151a Feb.
NOrf. A- W.— lOO-yeiw, 5 g.I990 J A jl 83 b, 88
June 100 la Feb.
Xiirth.Pac- l8t,eoup.,6g.l921 J A j:il5%
113 Jan. 1II718 Apr.
Geiwral, 2d, coup., 6 g..l933 A A 0,*113 D. 109 May 114'4Mar.
General, 3d, coup., 6 g.. 1937 J A D 109
1061a July 11314 Feb.
198iiJ A D 8:Jia
Consol. mort., 5 g
8578 .Ian.
761a July
Chic. AN. P.— Ist, 5g...li>40 A A o' 8319
84i4Mar.
761s July
North. Pac. AMon.— 8g...l938 MAS 101%b. 101
Sent. U09
Feb.
North. Pac. Ter. Co.— 6 g.. 1933 J A J 104 b. 104 July 110 Mar.
OliioAMlss.— Con8.s.t.,78.18H8 J A J lOSiaa. 108 14 July 112 Feb.
Consol., 78
1898 J A J, 109
107 July 112 May
Ohio Southern— l8t,0 g... 1921 J A I> 107 b. 101 la July 110 Mar.
1921 M A N r^H
General luort., 4 g
55 Jan.
63 Feb.
Omaha A St.Loula— lg...l937 J A J 50 b. 50 Juno 381a Jan.
Oregon Imp. Co.— l8t,6g.l91o!J A 1)1 9.)i4b. 90 Jan. jlOSiaFeb.
Consol., 5 g
1939iA A O 66
58 July
74 Feb.
Ore.K.ANav Co.— I8t,6g.l909 J A J,'l05 b. IO314 Sept. 110 Mar
1925 J AD,*80 b. 83 Aug. 100% Mar.
Consol. .5g
Pa. Co.— diflg., coupon. ...1921 J A J IO414
102 July 106 Jan.
Peo. Dec.AEvausv.— 0g..l920 J A JllOK b. 100 Jan. 10913 May
Evansville Dlv., 6g....l920MA 8 100 b. 95 Jin. 1103 Feb.
2a mort., 5g
.....1920 M A Nl 72 b. 66 Jan.
74Te Apr.
Peoria A East.- Cons., 48.1910
4s. 1910 A A O 81
73 June 81 Sept.
Income, 48
1990 April. 25
16 June 2913 Sept.
PlUla. A Read.— Gen., 4 g.l958 J A J 805a
82 Feb.
741a Aug.
N.Y. Central— ExK^nd., 5a. 189:t|M
191)3 J
Ist, coupon, 7h
Doli«n..5s. coup., 1884.. 1904 .M
N. Y. A Ilarlcm-78,rog...l900
1
123
AND SINOB JAX
85,
IfitfAcW.
8338
0112
Si
ti
-^^e...
BOyos SEPT.
Ot'xfno
Price
ll'eriod. Seiil.m
in 1801.
I
KAILHOABASD M«C.L. BONUS.
431
9S
78
THE CHliONKjLK
432
[Vol. LIIi.
NEW YORK STOCK EXCHANGE PRWf^S— INACTIVE BONDS—CConiinuedJ—SEPTEMBER
Bid.
SECURITIES.
SECURITIES.
Ask.
Bid.
105>s
(Jal.
. .
C—
C—
12m
L&
.
.
C—
'
'
—
WhlteW.Val.Div.— l8t,g.48. 1940
Cin.San.&Cl — Con.l st,g.5s, 1928
Ol.Col. an.
Ind.— Ist, 78,s.f.l899 114
Consol. sink, fund, 78
1914
Cleve. & Mah. V.— Gold, 5s. ..1938 *105
t\;
Colorado Midland— 1st, g., 68.1936
Oolumbla«t Green.— let, 68... 1910 102
2d, 68
1926
Del. Lack.
& W.—Convert. 7s,1892
Mortgage 7s
Syra. Biug.
& Hud. Can.— 1st,
ex, 7s.l891
& Susq.- Ist, gu.,78.1906
Albany
Ist, cons., guar., 6s
Bar.— 1st, coup.,
&
Denver City Cable— Ist,
Denv.
&
1906
S. Tenu. Va.
121
& Ga.— Ist, 76... 1900
Divisional 58
Ist ext.,gold, 5s
S<l-,&l™p.,g.,5s
•110
1930 105
1937
1938
g., 58.. 1937
Mobile & Blrm.— 1st,
Alabama Central— l8t 6s. ..1918
rie— let, extended, 78
1897
2d, extended, 58
1919
3d, extended, 4iiis
1923
4th, extended, 5s
1920
6th, extended, is
1928
1st, cons., fd. coup., 78
1920
Bcorg., 1st lien, 68
1908
B. N. Y. &E.-l8t, 7e
1916
N. Y. L E. & W.-Col. tr.,6s.l92a
Funded coup., 58
1969
Iccome, 6a
1977
Buir. & S. W.-Mortg. 6a;!;'l908
Jeft'crson-lst, gu. g. 58 ....1909
Coal&RR.— 68
X922
*van8. &T.H.— lst,cons.,68!!l921
Mt. \ ernon— Ist 6s
1923
Sul. Co. Branch— 1st, g., 58.1930
vans. & Indian.- lat, cons. .1926
Flint & P. Marq.— Mort., 68. 1920
fstcon. gold, 5s
1939
Port Huron— Ist, 5s
1939
Ha. Cen. *Pen.— istg. 58.. ..1918
ft WorthAR.G.-lstg., 59. .1928
. .
*»o
& Ohio— Ist ext,
68..
& Cairo—4s, guar
Morgan's La. & T.— l8t, 68.
L.
102
80
113
115
112
110
100 la
129
108%
12114
. . .
125
100
90% 105
95
71i«
Pitta.
Ft W.
&.
C—let, 78... 1912
2d, 78
3d, 78
Clev. & P.— Cons.,
4th,sink.fund,
8. fd.,
139 141
1912 '13Ris 139
1912 124is!l28
78.1900 120I9.I25
6s.l892
St L.V.&T. H.—lst,6s.,78.1897
2d, 7s.
1898
2d, guar., 7s
1898
Peo.&E.-Ind.B.<fcW.-l8t,pf.78.1900
Ohio tnd.&W.— Istpref.5s..l938
Peoria & Pek. Union- lat, Os .1921
1921
2d mortg., 4ia3
Phila. & Read.— 3d pref. convert
Pltts.C.CJtStL.- Cou.g.4iseA1940
Pitts. Cleve. &T0I.— 1st, 6s... 1922
Pitts. &L. Er.— 2dg. 5s, "A".1928
Pitts. Mc K. & Y.— Ist6s
1932
Pitts.
& P.— Ist,
Painsv.
lOlis 101%.
11012 111
107»4
107
nils
.•-
no
"70"
"38"
95
58. ..1916
&Ari»Cent let, 6e,g. 1916
2d income, 66
1916
94
Rich. & Dauv. — Debenture 68.1927
Equip. M. 8. f.,g., 58
1909
101
Atl. <& Char.— let, pref., 7a. .189'
do.
Income, 68
1900 102
Presc't
Rio Gr. Junot,let,guar.,g.,58.1938
Rome Wat & Og.— Ist M., 78.1891
1925
St Jos. & Gr. Is.- 2dino
ioi"
101
...-.
Kan. C. & Omaha— Ist, 58.. 1927
St L. A. & T.H— 2d m. inc.7s.l894 ibo"
Dividend bonds
1894 55
Bellev. & So. 111.— Ist, 8s...i896 112
Bellev. & Car.— Ist 68
1923
'
Chi.StL.&Pad.- Ietgd.g.5el917 i'66
St Louis So.— 1st, gd. g. 4e.l931
77
do
2d income, 5s. 1931
Car. &8hawt— Istg. 48.... 1932
St Lou & S.Fran.— Equip., 78,1895 100
General 5a
.1931
92
1987
1st trust, gold, 5s
Kan. Citv & S.— 1st 6s, g...l916 "92"
Ft. S. &V. B.Bg.— let 6e... 1910
9i
St Paul & Duluth— I6t5s....l93] 105
2d mortgage 5a
1917 103
St Paul Minn & M.— Ist, 78.. 1909
1909 116
2d mort., 6e
1922 1091s
Miuneap. Union— 1st, 68
Mont. Cen.— Ist, guar., 68. .1937
East Minn.,
San Fran.
69
58"
ii2"'
"70"
ios"
lie""
Ist div. 1st 59.1908
& N. P.— Ist
g.,
5s.l019
Shcnaii.Val.- Ist7s, g. tr.rec.l909
Gen. 6s, g., tr. reo. asst'd...l921
South Cardliua-2d, 6s
1931
80. Pac. Coast— 1st, guar., 48. 1937
Texas Central— l3t a. f., 7a... 1909
Istmortgage, 78
1911
89
Texas it New Orleans— l8t,78. 1905
1912
Sabine Division, 1st, 6s
Tex. & Pac, E. Div.— 1st 6^.1905 105
Third Avenue (N.Y).— 1st 5s, 193
IIOI4 iii"%
&
& Mt
Tol. A. A.
Cad.— 63
Tol. A. A.
PI.— 68
Tol. A, A.<St N. M.— 5s, g
1917
80
1919
1940
Union Pacific- IstOa
1896 i'07"
1897 108
1st 68
Ist, 68
1898 109
Collateral Trust 6a
1908
Collateral Trust Ss
1907
1895
C. Br. U. P.— F. c.,78
Atch. Col. & Pac— let 6s... 1905 •;;i"'
Atch. J. Co. & W.— 1st 69... 1905
77
110
U.P.Lin. &C0I.— Istg., 5s. 1918
72
Oreg.S.L.&U.N.,eol.tret,5e.l919
1021s
72
58
Utah & North.— let 73
1908 105
Gold.Ss
1926
95
Utah Southei-n- Gen., 78 ..1909 96
70
Exten., let 7a
1909 95
Valley R'y Co. of O.— Con. 6s. 1921
Wabash— Deb. M., serle3"A".1939
No. Missouri— Ist 78
1895 ioe"
71
StL.K.C.&N.-R.E.&RR.7S.1895
,8t Charles Br'ge— lst,69. 1908 ioe"
90
West Va. C. & Pltte.— l3t, 66.1911
82
Wheel.&L.E.— Ist 5s, gold. ..1926 1051s
Extension & Imp, g., 5s
1930
110
Uliscellniicoiis Koiids.
Amer. Cot Oil Dob., g., 8s. ..1900 9638
Amer. Water Works— Ist 68.. 1907
82
82
....>•
ii"6""
93"
991*
99
Vfln!- Ist g. 7s. .1907 ios"
112
1081s Cahaba Coal Min.—
Chic.Jun.iS.Yds.- Col.tg,5s,1915
IColorado Fuel— Gen. 68
1919
Col. & Hock. Coal & I.— 69, g. . 1917
Cousol'n Coal— Convert 6s.. .1897 102 105
100
Cons. GasCo.,Chic.-lstgu.53.1936
96
94
90
106 14 iDenv. C.WatWke.- Geuig. 53.1910
Det.Un.Depot&Stn— Istg. 4S.1938
1071s
53
Edison Elec. 111. Co.— Ist, 58.1910 "9'6% "m"
50
Equitable G. & i\— let 69
9411
74
80
1905
88
1940 821s 831s Henderson Bridge- l9t g. 69.1931 104
68 .1926
N. O. &. No. E.— Pr. 1., g., 6s.. 1915
1905
N. Y. Cent— Deb. g. 48
N. J. June— Guar, lat, 4e...l986
Beech Creek— 1st, gold, 4e 1936
N. Y. N. H. & H.— 1st, reg. 49.1903
N. Y. & Northern— let g-. 58.1927
2d, 4s
1937
N. Y. Susq. &. West.- 2d, 4iflS.1937
Gen. mort, 58, g
North'u Pacitic-Divid'dscrlp ext. 100
James River Val.— Ist, 6s. . 1 930
Spokane c&Pal.— lst,6e
1936 xoi'
St.Paul &N. P.— Gen., 6s. .1923 116
97
Hoboken Land A
.
Helena&RedM'n— l8t,g.,68.193
95
Duluth&Manitoba— IsCg.Osl 936 104
Dul.&Mau Dak.Div.— Ist09.193" 104
Coeur d'Alene— 1st, 68, gold 1916
Gen. Istg., 63
1938
Cent.Waehington— l8t,g.,6s.l938
Imp. & Ext, 68
Adjustment M.,78
Equipment, 58
iie'
'
Oreg. By & Nav.— Col. tr. g..5a.l919
Pcnn.RR.-P.C.&S.L.-l8t,c.,78.1900
7s
Norfolk & West— General, 6s. 1931
New River, let, 6s
1932
106
'
Ask.
. .
1934
1924
1908
1957
Clinch Val. let 5s
Scioto Val. & N. E.— lBt,48..1990
104
lis
100
105
105
.
95
'
Bid.
g., 5s. 1937
'
105i« 106
'118"a
OhloRlv.-(Con.)— Gen.
1918 119
Nash. Chat & St L.— 2d, 68. .1901 108
1st,
. .
75
70
.1927 '103
1931
1920 106
New Orleans & Gulf— let,
140
78.1921
88
65
Missouri Pacific- Trust 5s... 1917
1920 81
l8tooU.,5s, g
StL.&L M.-Ark.Br.,l8t 78.1895 105
St
12t)
68. ..1908
R. G.— Imp.,g., 58. ..1928
1927
1909
1891
1910
1921
1922
Minu.StP.&S.S.M— lstc.g.4s.l938
Mo.K.&T.— K.C.&P., I8t,49,g.l990
Dat <feWaco— 1st, 58,gu....l940
Mobile
1021s
1894 llOis
1917 *137
Pa. Div., coup., 78
K«ns.
-IO2SI1
1907 129 133
128 130
1914 137
19OO
1901 •122
1915 1321s
1st, con., guar., 7s
Coupon, 7s
102
109
101
57
95
Impr. & equipment, 6a
Minn. & Pac— 1st mortg., 53.1936
Minn.S.Ste.M.&Atl.— Ist,5s.l926
& N. Y.— 1st, 78.1906
Morris & Essex— Ist, 7s
Bonds, 7s
78of 1871
Del.
Incomes
Minn.& St L.— 1st, g. 78
Iowa Extension, 1st, 78
1141s
2dmortg., 7s
Southwest Ext.— let, 7s
106
Pacific Ext— let, 6e
SECURITIES.
Ask.
100
Bar. & San Ant.— Ist, 68.1910
Oantral Pacific— Gold bds, 68,
100
Gal. H. & 8. A.— 2d mort., 78 1905
106
Gold bonds, 69
1931
69
2d
West.
Div.,
108
Gold bonds, 68
1927
*108
Ga. 80. &Fla.— Ist, g. 6s
San Joaquin Br., 6s
82
Grand Rap. & Ind.— Gen. 58.. 1924 78
Mort. KOldSs
83
Green B. W. & St. P.— Ist 68 .1911
98
Land grant, 58. g
subs,
paid
3314
all
income,
104
2d
West. Pacific—Bonds, 6s.. -.1899
Housatonic— Con s. gold 5s. ... 1 937 1031s
No. Railway (Cal.)—l8t, 68.1907
Con8.58..1918
Derby,
&
Haven
N.
99
1938
SO.year 5s
W^aco & N. 7S..1903 110
11H« Hous. &T.
Ohes. & O.— Pur. M. fund, 6s. 1898 109
1937 lOOis IOII4
let g., 58 {int. gtdi
1908 1121^!
68. gold, series A
102
1912
Cone. g. 68 (int. gtd)
Ohes. O. & So. West— 2d, 63. .1911
gtd)
1921
4fe.(int.
65
105
Gen.
103%
g.
1893
Chicago & Alton— 1st, 7s
Debent. 6s, piiu. & int. gtd.1897
1903 120
Sinking fund, 68
Int.
prin.
&
gtd.1897
Debent.
4s,
114
117
Louis. & Mo. River— 1st, 78.1900
lUinois Central— 1st, g., 48 ...1951 lOlia
1900
2d, 7s
1951
90
1st, gold, 313s
St. L. Jacks. & Chic— lst,78.1894 107
Spriugf. Div.— Coup., 63.. ..1898 1061s
1894 107
Ist, guar. (564), 78
1921
113
58
Div.—
Reg.,
105
Middle
Miss.R. Bridge— Ist, s. f., 68.1912
C. St. L. &N. O.-Ten.l., 78.1897 110
Ohic. Burl. & Nor.- Deb. 6s. ..1896
1897 110 114
1st, oonsol., 78
Oblc. Burling. * Q.— 58, 8. f.. 1901 104
1907 105
2d, 6s
1H03 108
56, convertible
1951 109
coupon
Gold,
58,
Iowa Div.— Sink, fund, 58. .1919 ICO
1951
Memp Div., Istg. 48
1919 91
Sinking fund, 4s
100
Div.,
...1894
2d
78
81
Dub. & 8.
1921
Plain, 43.
97I4
82
95
Ced. Falls & Minn.— 1st, 7s.. 1907
Ohic & Indiana Coal— Ist 5s. 1936
104 108
ex.
Ist
cp.l900
Spr.—
78,
OW. Mil. & St.P.- l8t,8a,P.D.1898 118 118% Ind. D. &
1947
lis
Ind. Dec. & West.— M. 58
1898
2d, 7 3-lOs, P. D
1948
125
2d M., inc. 5s, trust reo
1902
Ist, 7s, $ g., R. D
118
Inter. & Gt. Nor.— Coup. 6s... 1909 *109
Ist, Lacrosse Division, 78.1893 115
74
48.1990
75
Mich.—
Mort.
Kanawha &
M., 78
1897 116
Ist,
Kan. C.Wyan.&N.W.— l8t,58.1938 (
1899 117
1st, I. & D., 78
•104
P.&A.—
79.1892
C.
L. 8h. & M. 80.—
1903 121
lst,C. & M., 7s
Buff. <St Er.—New bonds, 78.1898 11418
Ist, L & D. Extension, 78... 1908 1221s l2iM
1906 123
Det. M. & T.- 1 St, 78
1919 101
1st, La C. & Dav., 58
LakeShore-Div. bonds, 7s. 1899 116 118
Ist, H. & D., 78
1910 1181a 126
105 110
RR.—
58.1934
Ist,
Mahon'g Coal
1910 98>3 100
1st. H. & D., 59
Kal. All. & G. R.— 1st gu. 5S.1938 105
Chicago & Pacific Div., 6s. .1910 113 I1312
101
gu.g.4ia8.1940
LehighV.,N.Y.— 1st
102
Mineral Point Div. 5s
1910
98
1 .itchf Car.& West.- 1st 68. g. 1916
0. & L. Sup. Div., 5s
1921
117
1898
113
Longlsl.-ind- lst,-7s
Fargo & South., 68, Assu...l924
101
Inc. conv. sink, fund, 5s
N. Y. & R'way B.— Ist.g. 58.1927
1916
25
35
1927
2dmortg., inc
99
Dakota &Gt. South., 5s.... 1916 97
Smithtown&Pt.Joff.-lst,78 1901 104
Ohlc.&N.W.— 30 year deb. 58, 1921
Eseanaba & L. S. Ist, 68
Louis.Evan9.&St. L.—Oon.58.1939
1901 106
Des M. & Minn.— Ist, 78.... 1907
Louis. &Na9h.— Cecil. Br, 7s. 1907 102
1 920 103
Pensacola Division, 68
Iowa Midland— Ist, Ss
1900
Peninsula— Ist, conv., 7s. ..1898 120
St. Louis Division, Ist, 6s.. .1921 no's
64
1980 61
Ckic. & Milwaukee— Ist, 78.1898 *114
2d, 3s
Win. & St. P.— 2d, 78
Nashv. & Decatur— Ist, 78. .1900 111% 114
1907 *122is
1910 101 108
Mil. & Mad.— Ist, 68
1905 110
S. f.,6s.— 8. & N. Ala
1924 101
Ott. C. F. & St. P.— Ist, 58. .1909 102
10^0, gold, 6s
Northern 111.— Ist, 5s
1937 10358 IO414
1910 102
50 year 5s, g.,..
O.B.L&P.— D.M.&F.D.,l8U8.1905 65
Pens. & At.- Ist, 6s, gold. ..1921 102
1931 100 IOII2
1st, 2is9
52
60
1905
CoUat. trust, 58, g
96
Extension, 48
65
981s
1905
Nash. Flor. & S. let gu. 5s.,1937
Keokuk & Des M.— Ist, 53.. 1923 93
Lou.N.Alb.&Ch.— Gen.m.g.5s.l9i0
83
Oiitc. St. P & Kan. City— 58. .1936
Lou. N. O. & Tex.— Ist, 48.. ..1934
Minn. & N. W.— Ist, g., 5s. .1934
1934
2d mort, 58
Ohic.St.P.A Minn.— Ist, 6s. ..1918 120
Louie. St. L. & Tex.—2d g, 68. 1917
St. Paul &S.
1990
Ist, 6s
1919 120>s
Manhattan Ry.— Cons. 43
Ohio. & W. Ind.— Ist, 9. f., 68.1919
Memphis & Chart- Us, gold. .1924
General mortgage, 6s
in 15 115
1932 nils 115
1st con. Tenu Uon, 7a
100
Oin Ham. & D.— Con. s. f., 8.1905 •122 .
Mexican National— 1st, g., 68.1927
2d, gold, 4129
1917 45
1937
2d, income, Os, "A"
Oin. I. St. L.& Chic— lst,g.,4s.l93«
13
15
9014 94
1917
2d, income, 6s, "B"
Coueol ,68
1920
1909 112
Michigan Central— 68
Oin. Jack. & Mac— Ist, g., 53.1936
nils
1931
Coupon, 5s
Clev. Ak. & Col.-Eq. & 2d 68.1930
102
92
1940
Mortgage 48
O.C.C. & St. L., Cairo div.—48, 1939
MU. L. 8.&W.— (;onv. deb., 58.1907 " 93%
8t.Lou.Div 1 Stool.t8't4s,g.l940
116
1924
85
Mich. Div., l8t Cs
Spring.&Col.IJiv.— lst,g. 4s. 1940
92
Ashland Division— Ist, 68 ..1925 116 120
1895
1896
1897
1900
1939
1900
25.
121
115
108
UnllKted Uondx.
till '94, 1921..A&0
.Merid.,l8t 6s,1921.A&0
Atlanta &Charl.—lst 7s, 1907. J&J
ComstocUTun.— Inc.4s, 1919.M&.N
Georgia
Ist 68, 1922.... J,tJ
Vicks.
95
76
108
. .
this T^ee)-.
C&
Northwestern Telegraph— 7 «,, 1904 103 Hi
People's Gas A; Coke i l8tg.6s,1904
Co., Cliicago
96
5 2d g. 66,1904
iPeoria Water Co.— Oe, g
1919 100
Pleas. Valley Coal— 1st g. 6s. 1920
981-2 i'o"2ii
Proctor* Gamble— 1st, g., 68. 1940
West Union Tol.— 7s... 1875-1»0(; 111 iia'"
2d M., income
92
75
m vie
58.1910
Ala.&Vicks.-Cousol.5g.,1921.A<&0
Ogd. ife Lake Ch.— lat con. 6s.. 192(1 105
Ohio & Miss— 2d oonsol. 78. 191
116
Spriug.Div.— let 7s
190.')
General 53
1932
Ohio River RR.— let, 5b
1936
price Friday; these are the latest
quotations
Imp—g.
Jlutuul Uniou Teleg'h— 68, g.l911
Natiou'l Starch Mfg.— 1st. 6s,I920
N.Y. & Perry
I.— let,g. 6e,1920
115
Pac—
Cousol. 5 g., 1923
Income 5s
Little
98"
ct
R.& Mem.-
1 St
A&O
5g, 1 937. .MAS
Mem.AC'haii.-Cou».7g.,191").JAtJ
90
70
96
118
99
80
LOO
120
3S
31
lOOis 101 >«
5612 S9I9
7lii]...;..
110
1114
Sgptkmbek 20
THE CHRONICLE.
1-01.1
433
Latest
iuucstmcnt
ROAOS.
Bamtngs
Weekorilo
AMD
ilailuoad Intelligence.
The I>fVBSTORS' SUPPLEMBNT, fl pamphlet of 150 pa<jex<
eontairiH extended tables of the Slocks and Bonds of Ruilroads. and'oth^ Companies, with remarks and statistics roneerning the income, financial status, etc., of each Company.
It is published on the last Saturdnu of every other month—
viz., Janttary, ifarch. May, July, September and Not'emher,
and is furnished without extra charge to all regular .luh-
fleorget'nAW'n July. ...
Gr.Raji, AInd.. 2d wk Sept
Uln,R.*Kt. W 2d wk Sept
Other lines. .. 2d wk Sopt
Total all lines 2d wk Sept
Grand Tnink... WkSept. 19
Uhlo AGr.Tr. Wk8ept.l2
Oet.Or.H
WkSept. 12
Groat North'ii St. P.M.AM. August. .
East, of Minn. August
MontanaCent. August
AM
•
|
ISOoT
S
S.l.M
51,400
9,431
4,3
03,203
412,633
73.5 13
25,291
2,018
80.862
8.679
4,334
63,87(1
433,609
75,107
28,361
Jan. 1
to Lattst Dolt.
1801.
1890.
•
24,983
1.680,125
28,399
l,««1,4iW
30H,.'522
330,447
159,639
2,14m.2H6
,344,996
l.'»3,0»0
I3,6.57,6i:i, 14,323.71.1
2,367.208
8 1 6,623
2,619,409
766,303
794,977
720,862 5,929,379 6.3,'57.000
82,901
67,126
570.743
381,370
108,696 101.052
834,506
090,469
Tot. aysteni. .-Vugiist
986,375 889,339 7,334.085 C,.t28.9?*
Onlf A Chicago. .\UgU8t
2,899
3,219
23,618
27,i:^3
Houaatonio
Inly
144,311
147,691
816.03
862.698
Hunieat'nAShen August.
16,000
19,40!)
10.1,!01
101.709
scribers of the Chronicle. Extra Copies are sold to .s-ub- Hutch.ASouth'n
July....
7,800
41,100
1,582,297 1,415,144 11,477,712 10,291,910
seribers of the Chronicle at 50 cents each, and to others it IlllnolsCentr'l.. \uguat.
lurt.Dec.Ayuin \ugiiat.
50.315
45,14(1
309,156
293,636
?1 per copy.
[n.Alit.Norlh'n August.
308. 62
334,390 2,292.22'( 2,3.59,179
Central... 2d wk Sept
49,436
38,9<I6 1,151,864
1,100,471
The General Quotations of Stocks and Bonds, occupying Iowa
Iron Railway... August
2,2
2,630
22.933
24.675
fix pages of the Chromcle, are published on the third Jack'v.South't'n .'d wk .Sept
27, .55
13,621
779.817
472.613
J'k'nv.T.AK.W. .Vugust
34,321
31,187
523.643
413,618
Satiirdar of each month.
KanawhaA.MIeli 3d wk Sept
7,06H
7,389
22H,642'
233,925
Kan.C. CI.ASp 2(1 wk Sept
6,297
8,412
205,926
290,6U
K.C.F.8.A.Meni. 2d WkSept
92,376
93.290 3,099,251 3.3U.451
K.C.Mein.ABir. 2d wk Sept
22,1.59
22,113
773,006
808,067
West
Keokuk A
9,(il9
2d wk Sept
8.015
270,418
243,927
12,9;<6
16.231
64,441
Latest Bammgt Reported.
79,836
Jan. 1 to Latest Dm t KIngst'n A Pern June
L. Erie All. A So August
6,821
6.975
47,498
44,056
L, Erie A West.. 2(1 wk Sept
06,01)8
KOADS.
62,3.53 2,201,164 2,107,381
Iffefcorlfo
1891.
1890.
1891.
1890.
Lehigh A Ilud.. August
36,372
36,097
274,415
237.109
L, Rock A Mem 2d wk Sept
14,182
13,391
437.830
363,011
$
Long Island
Alabama >ridra.iAn/rust ...I
3d wk Sept
93,712
85,620 3,136,954 2,961,440
34.266
37.192
Loul8.AMo.Kiv. June
36,399
AUeKbeny Val..iju]y
24,973
190.987
196,845
220.!)71i 231,664 1,3H9,144 1,434,163
Louls.ET.ASt.L. 2d wk Sept
Atcli.T.&S.Fe..;2<t wkSept
33,184
32,107 1,062,2.53
755.00-4
037,2.5'! 22,210,(i3l'20,813.018
862,163
Loulsy.ANashv.
2(1
410,24(1
Half owned ...'Jd wk Sppt
w.
Sept
385.090
13,669,080
3.5,(176
13,062.518
30,983 1,162,3121 1,123.^31
Total svaU'Jii.Ljd wkSept^ 7()0.68l) 6SS,2U 23,37i,978'2l,936.930 Louis.N.AACU. 2d WkSept
64,790
59,936 1,952,190 1,789,377
Loulsv.N.O.AT. 3d wk Sept
St L.&8anK.. !_>(! wkSept; iri''.32(!
67,660
60,835 2,356,667 1,881,931
14,5,21 _ 4.365,993 4,319,718
9,099
Halfowufd.j'jawkSopt'
8,606
321,76lj
3.5.110
280,245
30,329 1,138,830 1,101.483 Lou.St.L.ATex. 3d wk Sept
Lyncho.ADtir'ui .lugust
Tot.S.L.&S.K.[i),| wkSopt' 1!)3.445
14,8.54
10,117
115,422
173,.5l2 5,701.823 5,421,202
59,421
123.03
Aee. total ..l2d wkSept 984,1'24' 863,7S2 29.077,799 27,358,152 Memphis A Ch.a: July
141,615
886,332 1,006,890
(Mexican Cent... 3d wk Sept 135,313
Atlanta.fe Char.*' July
101.696 5.022,750 4.465,879
61,0',? I
67,«13|
Atlanta A flor'aAii^st
t.Mex. National
81,148
2d wk Sept
69,73
2,907,329 2,570,477
7,6221
8,061
Atlanta A W.Pt. August
67,50
83,981 2,705,280 2,626,026
32,78!)
34.
,582
284,093
280.350 tMexicaa K'w.av Wk Aug.22
Mich.C.ACan.So July.
B. AC. East Lines! AuRuat
1,261,360 1,193,764 8,226,360 8,036,764
l,S4H,r>76 1,7.52,671 12,330.588 12,147.615
Mil.L.Sh.AWesi id WkSept
Western Linea AufTHst..
80,56(J
91,480 2,541,591 2,761.3.58
.504,0131 49-(.363 3,606.661 3,698,733
Milwaukee A No 3d wk Sept
Total
40.534
39,162 1,196.176 1,127,363
Anftnst.... 2,352,.5S9 2.2,5 1, 0;t 15,937.252 15,846.350
Bal.&O.Soiitliw. 2d wk Sept
13,666
12,865
91,003
51,108 l,67.5,8>il 1,.599,932 Mineral Range.. August
79,446
55,U1
Bait. 1% PoU)iuac AuKUat
145.948
122.997 1,042,863
150,170 142,485 1,117,293 1,114,536 Minneap. ASt.L. August
897,888
Blr. A- Atlantlo. August ...
.M.St.P. AS.S..M. August,
235.959 163,399 1,384,548 1,284,329
3,731
6,132
31,026
51,761
Bir.Sh.&Tenn.R.Tuly
191,153 5,725,749 5,502,844
19,178
14,819
111,472
111,006 Mo. Kan. A Tex. 2d wk Sopt 197,611
Blshopsville
Kan. C. A Pac. 2(1 wk Sept
8,127
7,07^
247,846
July
215,060
440
562
13,377
11,761
Total Syst'm 'd wk Sept
Baff.Rooli.APiti
203,768 201,225 5,973,599 5,717,906
wkSept
53.223
48,491 1,972,353 1,518,991
Bar. C.Rap.&N. AnRust....
5,873
160,659
151,623
6,991
330,756 283,096 2,211,020 1,929,273 Mobile A Birni.. 4th wkAug
Oamden AAtl. ,Tuly
233,648 291,943 2,210,495 2,144,406
120,231
122,001
424,471
430.342 Mobile A Ohio.. August.
MontereyA.M.li August..
Canada .\tlantioj.May
70,608
31,186
576,539
224,815
43,133
49.142
^nadlanPacitlelHd wk Sept 414,000 365,00(1 13,634,657 11,484.173 Nash.Ch.A8tl..6 .Vugust.
493,337 355,668 2,892,116 2,406,471
Cp.K'r.tYad.Val -Id wk Sept
27.:<07
26,102
158,336
114,747
13,186
15,453
403,125
367,212 N.JorseyAN.Y. .Inly
SewOrl.
Gull
Car.Cuni.OACh. JiUy
A
12.298
August.
9,748
109,403
92,655
3,844
2,007
23,697
11,424
Car. Miillan<l... July
N. Y. C.A H.R.rtlAugU9t
1,046,302 3,229,577 27,870,376 26,188,843
4,925
6,197
S.
L.
E.
A
W
Oen.KK.ABe.Co Juiy
Y,
2,818,39'J
July
2,504,124
16,604,316;
16,228,301
496,982 416,641
Central of N.J. August
690,264 616,049 3,833,092 4,074,303
1,305,042 1,293,335 9,144,838 8,675,314 N. Y. Pa. A Ohu; July
Central Pacillo. July. .
545,619 528,905 3,464.036 3,327,201
1,505,268 1,451,819 9,174.965 8,333.015 N. Y.AN.Eng.. July
Central of 8.C.. .inly...
49,805
48,559
331,879
354.474
6.9.50
8.020
37.237
67.837 N, Y, ANorth'n. August.
Otiar.Ciu. ACIilo July...
63,575
52,202 2,160,428 1,710,305
13,375
8,925
86,408
66,782 N. Y. Out. A W ;3d wk Sept
Oharlest'n&Sav July...
.V. Y. Biisq, A W
uigust.
149,743 147,812 1,000,426 1,007,972
46,343
41,412
466,048
408,31)4
Char.Sum.&No. July...
8.630
5.869
57,873
32,643 Norfolk A West 2d wk Sept 202,864 201,481 6,181,350 5,849,966
Chatt'n'ffaUui'u August
V'theast'mS. Ciljuly. ..
464,484
426,249
41,527
39,337
9,413
10,259
66,191
7(),615
Oheraw. & Darl. July...
566,194 579,890 3,741,797 3,836,834
6.215
6,563
59,021
54,421 North'ii Central. July
Cheraw.AiSalisI) July
598,775 16,469,072 15,771,446
1,386
1,0.56
13,947
12,917 Northern Pacilic 3d wk Sept 653,333
Chen.* Ohio.... 3d wk Sept 181,839 1C5,059 0,167,816 5,474,828
No. Pac.AW.C. 3d wk Sopt
735,829 713,976 2'.>,072,901 19,447,453
Ches. O. & 8. W August...
2(1 wk 8ei>t
114,982 103,121 2,923,967 2,900.210
203,287 206,367 1,487,178 1,325,9S>* Ohio A Miss
Chic. Bnrl. & Q. July
475,362
468,771
'2d wkSept
18,600
17,912
2,761.495 2,721,399 17.531.081 9,658.123 Ohio River
Chic* East. ril. •2d wk Sept
13,836
80,665
10,899
71,339 2,581,735 2,186,528 Ohio Southern 2d wk So t)t
Chlcatfo & Erie. July
22.5.817
13,976
155,423
116,201
16,188
216,747 1,4.50,232 1,571,374 Ohio Val. of Ky.'3wksJuly.
Clilc.Mll.ASt.P. 3d wk Sept
260,091
351,355
731.097 633.603 19,108,262 17,934.4.30 Omaha A St. L..'July
42,731
44,267
Ohio. AN'tliw'n. August
369,810 437,373 2,236,132 2.505,296
2,747,108 2,670.530 17,470,387 17.345,37 6 Oregon Imp. Co. July
Chlo.IVo.ASt.L. June
60.173
23,287
3,679,782 5,371,466 37,155,193 37,332,977
328,601
187,325 Pennsylvania ..July
Chic. K'kl.&P.n August
627,5861
555,363
1,658,152 1,546,738 10,55 1,336 10,8(19.208 Peoria Deo.AEy. 2d wkSept
16,455
16,0971
OhIc.St.P.&K.O 2d wk Sept
321,565'
329,137
July
120 771
40,607
43,207
93,310 3,06i,242 2,973.996 Petersburg
Ohlc.St.P.M.&O .luly
656,562 539,926 3,875,491 3,545,389 Phila. A Krie...i.iuly
499,551 454,867 2,7«8,938l 2,891.023
Ohio. &W. .Mich. 2d wk Sept
37,681
33,803 l,20i,331 1,089,681 Phtla. A Read'g August..
1,963,755 1,824,705 13,845,433 13,327,215
Oln.Oa.A Ports. August
CoalAIronCo. August.. i;947,729 1,747,847 12,264,012 11,336,091
0.676
6.927
12,880 _ 41,954
Cln.Jaek&Mao. 2d wk Sept
Total lioth Cos. August
14,016
13,911
.3,911,484 3,572.552 26,109,447 24,663,906
308,548
459,685
Cln.N. O. &T. P. 2d wk Sept
Pitts. iMar. A Cli. A ugust.
28,8871
24,273
78,8(X)
3,182
a6,!)42 2,979.72.
3,800
3,010,429
Ala. (it.South. !d wk.Sept
206,805!
171.715
32,(i23
36,634 1,273,089 1,319,737 Pitt.Sheu.AL.E. August..
37,691
23,278
N.Orl. A N. E. !d wk Sept
Pittsb. A West'n July
819,137!
832.128
21,9111
140,680 123,989
19.084
761,428
855,017
Ala J[ VIcksl). 2d wk S«pt
Pitts.Cler.AT. July.. .
273.725
256,946
11.394
46,836
39,715
10,4
406,671
443,916
VicKs. SIi. A P. 2d wk Sept
Pitts. Pain.AK.iJuly. ..
158,283
10.210
24.612
32,99
168,516i
10,776
382.691
381,836
ErlaueerByst. 2d wk Sept 155,018
Towl
system
1,618,495'
1,589,174
|3d wk Sept
52,223
44.581
163,895 5,803.60; 6,010.965
Olnn.Xorthw'u. August
809,033
600,238
1,840
129,420
1,. ..
180,808
l.f,691
12.952 Pitt.Young.AA. July
Cln. Potts. A v.. August.
222,615;
185,422
24.688
19,634
27,171
23,142
153,27(1
145,842 Pt. Kuyal A Aug. July
Col. A .Mavsv August
236,1931
219,956
1.24,5
971
23,910
25,203
8,244
6,238 Pt.Roy.A A'.Cai. July
Oin.Wab.A.Mieh, August
Pies.A.vrlz.Cen
83,117
78,103
August.
9.242
33,664
12,810
453,685
390,350
87,827i
Olev.AkrouACol 2(1 wk Sept
157.524
22,013
163,416,
22,059
22,381
16,990
6.59,163
583,381 OuincyO.AK.C August...
Olev. A Canton.. July
Kich.AU^uville.
75,674
August...
51,0.50
464,800 473,450 3.866,700 3.627,150
389,713
297,423
OLCIn.Cli.A.S.L 2d wk Sept
Vir. Midland.. August...
283.1(13
202,500 205,7011 1.474,930i 1,432,500
271,373 9,213,478 9,127.762
Pec. A Kast'n. 2d wk Sei»t
Char.Col.AAu. Augusit.
35,790
631,1501
590,390
33,203 1,118,211 1,011,078
73,500
76,300
Olev. A.Marietta -august
Ool, A Greeuv. August...
538,270!
531,038
27,617
33,384
60,700
64,800
221,716
205,826
Color. .Midland. 2d wk Sept
38,H80
West. No. Car. .\ugust. ..
669,10(1
620,514
85,4110
37,992 1,429,567 1.309,924
87,651'
Ool. H. V. A Tol. .August
Georgia Pac
August...
324,08W 274,933 2,021,187 1.853,902
166.300 164.000; 1,239.8701 1,209,475
OoLShawneeAII 1th wkAug
91,298
Wash.O.A VV..i August.
14,185
2(),100
99, 120
6,114
19,370
180,6S7
356,537
Oolnaa A Lake.. August
93,727
5,100
Ashv, A Spart.; August
101,403
4,094
15,523
15,400
19,113
17,183
Current Klver.. 2d wk Hept
Total Sya'iu. 2d witSept
3,031
3,245
307,200 304,400' 9,251,371 8,783.991
103,747
117,113
Deny. A KioUr. 3d wk Sept 179,.5()U
204.243
19l),000 5,928,99s 6,051,869 Rich. A Peterah.ljuly
27,866
197,210,
28,36:
Des Moln. A No. August
158,687
12,917
12,129
6,170
80,383
73,980 Rio Gr'do South, Istwk Sept
D«»M. AN'west August
17.996
21,610
37,450 1,729,633 1,215,865
124,831
5(i400
133,051 Rio Gr. West... 2(1 WkSept
Det-Bay C.AAlp 2d wk Sept
7,953
9,511
373.077 386,055 2,628 980 2,608.513
.332,931
390,017 Rome W. A Ogd. August
Det.l.ana'it ANo 2d wk Sept
65,736
63,641
28,037
11,113
28,(81
11,487
856.417
838,201 Sag.TuncolaAa.; August
DuluthH.S.&AtI IthwkApr.
38,055
948,730,
868,994
59,728
31,070;
35,780
486,496
497,631 8t.L.AA T.II.B s|2d wk Sept
Dulutli A Winn. August
5,252
3,123
81,992 2.673.903; 2,5^,109
48,.553
31,332 St.L.8outhw'rn. 2(1 wk Sept' 100,020
E.Tenu.Va.AUa. .lul.V
545,991
855,478
613,010 4,003,292 4,123,397 8t.Paul*Uurth August
151,579
138,094 "1.056.753
Elgin JoL.HCast, July
66,369
46,933
53,533
38.748 1,173,190 1 ,076.970
378,141
318,726 S.Ant..fe.\r.Pa.ss. 2d wk Sept
«lli.Le.v.AK.b...lJiino
18.298'
512,136
59,727
567.912
61,116
18,761
337,274
367,997 8. Fran.AN.Pac l.^twkSept
ETans.Alnd'pll>|2a wk Sopt
305,« 14'
210,834
7,448;
36.011;
6,375
36,427
235,521
204,287 Sav. Aui. A.Mon. August
Kjansv. A T. H. 2d wk Sept
146,009
144,7551
23.826,
22,559
lo, ,50
13,158
814,114
729,132 Seattle L. S. A E. ItliwkMay
FItohburg
Ijuly
42,603
July
56,891
598,043 596,138 3,905,239 3,893,916 Silverton
11,662!
13.541
Flint. A P. Mara. 2d wk Sept
212,150
54,807;
50,726 2,034,5.53 2,073,991 SlouiCltyANo. June
33,444
22,283:
Jloreni-e
ijnly
920,833
1.912
1.738,
25,601
22,271 South Carolina August
115,000 122,942 1,048,569
Plor. Cent.* P. '2d wk Sopt
21.550
18,660
971,826
810,61(1 SD. Pacltlc Co.—
Jt W, A Rio (Ir. August. .
Gal. Har.AS.A.1 July
16,717
151,530
313,764 312,322 2,367,64o! 2,260,360
88,967
27,448i
Oa. Car'la a No July.
626,682
Uouls'a West.. July
533,0911
8.977i
3,311
88,237
64,941
83,219
33,113
Georgia KK
August....
121,75l| 139,927 1,153.916 1,090,836
Morgan'sLAT.iJiily
337,13? 365,420 2,930,2451 2,892,193
Oeo, Mo, AFIa. August
1.5,139
103,319
54,596
BT.Y.T.AMex. July
16.893
67,820
492,494
455,526
\
.
1
1
RAILROAD EARNINGS.
I
L
.
.
M
.
.
..
. .
I
.
.
, .
1
.
.
'
I
.
.
.
.
.
.
•
Reporleil.
1891,
j
1
I
1
1
.
1
!
.
.
THE CHRONICLE.
434
Latest Earnings Eeportea.
Jan. 1
to
Latest JJate
BOASS.
WeelcorMo
.fuly
July
Btaten Isl. R. T. August
Btonj-Cl.&CMt.. July
Bammit Braucli.
.\uKuet
Lykens Valley Aufrust
Tot'l botli
CoV Augu.st
Tenn. Midland.. August
Texas i Pacillo 3(1 wk Sept
Tex.8.Val&N.W. 3d wk Sept
Tol.A,A.AN.M August
Tol. Col. & Cin. 3d wk Sept
lol. A Ohio Cent. 3d \v!f Sept
Tol. P. & We.st.. 2d wk Sept
lol.St. L. &K.C. 3d wk Sept
Ulster* Del
July
Union Paolflc—
Or.8.L.&U.N. July
Or.Ry.&N.Co. July
p.
934
87,578
6,280
31,065
21,S93
41,469
48,892
246,291
5S9,546
139,456
70,764
9,689
1891.
Detroit Gr. Ha v. A Mil
Detroit Lansing A North.
ETansT. A Indiananolis.
E^'ansT. A Terre Haute..
. .
154,8191
890,689 1,086, 951
935,936' 6.869,332 6.914, 914
,333,481 3,143,583120,031,117 18,731, ,169
,288,917 4,079,519 26,900,449 25,674 229
150,274
935,436
247,311
620,700
160,020
81,896
10,962
134.125
13,491
109,061
75,426
184,487
19,539
150,054
2d week of September.
1890.
1890.
1891.
1890.
S
Bo.Pae.Co.(Co)H
lex. <fe N. on luly
Atlantic sys.c. July
Paclflo avsteni July
Total of all.. July
Bo, Pao. RR.—
Kg. DiT. (Cal.) July
80. DiT. (Cal.) Tilly
'
Arizona Dlv.. July
BSewMex. DiT.
Bpar. Un. & Col
1891.
rvoL. Liii.
1,217,176
3,663.317
1,127,207
1,246, ,158
3,611, 619
1,151, 892
602, 707
593,240
f67, 833
75,509
726,028
707, 627
138,735,
26, 269
13,439'
26,567
837,525
656, ,873
97,297
619,741
638, 381
82,940
180,237 1,457,264 1,295, 252
128,541
131, 966
18,004
159,769 4,579,761 4,734, ,798
30,524
35, 062
786
681.712
763, 297
98,384
6,212
34,373 1,034,733 1,031, 939
639, 108
649,485
20,418
30,402 1,316,881 1,124, 100
199, 632
207,066
47,849
1
Flint
A
Pere Marquette..
A
Peninsula.
& Indiana.
Cincinnati R. A Ft. W..
Pla. Cent.
.
Grand Rapids
Other lines
Kanawha A Michigan
Kansas City CI. ASpr....
Kan. City Ft. 8. A Mem..
Kansas 0. Mem. A Birm.
Keokuk A Western
Lake Erie A Western
Little Rock A Memnhls,.
LoulST. ETansT. A St. L.
25,291
28,65^
7,446
23.826
54,807
21,550
51.400
9,431
4,371
7,515
6,297
92.576
22,459
9,619
66,068
14.183
33,184
410,240
64,790
81,143
197,641
8 127
202;864
114,982
18,600
13,836
16.455
307,200
35,780
100,020
53,533
21,893
76,700
LoulSTille A NashTille...
Louis. N. Alb. A Chlo
Mexican National
Mo. Kansas A Texas
Kansas City A Pacific.
A Western
Hforlolk
Ohio A Mississippi
Ohio River
Ohio Southern
Peoria Decatur AEvansT.
Increase.
$
Decrease.
$
23,364
28.681
6,375
22.559
50.726
18,660
50.362
8.679
4.334
7,665
8,442
93,290
22,143
8,045
62,553
13.391
32.107
385,090
59,936
69,737
194,153
7.072
301.484
103.121
17.912
10,809
16,097
304,400
31,070
81,992
38,748
20,418
69,300
1,927
24
1,C71
1,26'
4,031
2,890
538
752
37
150
2,145
714
316
1.574
3,51E
792
1,07
25,150
4.854
11,411
3,438
1,055
1,380
11.881
688
3.027
358
2,800
4,710
18,028
14,785
4,222, 828
2,330. 914 Rich. A Dauv. (8 roads)
955
3,166, 308 St. L. Alt. A T.H. Brohes
3,005,
Bt.Jo.&G'dlsl. July
435 792
856, 070 St. Louis Southwestern..
115, 566
596
393 San Antonio A Ar. Pass.
Allotli. lines.. July
13,162,
318
,838,401 2, ,030,
11,640,
1 ,475
Tot.U.P.Sys. July
,500,823 3, ,837, 362 22,416,,628 23,739, 112 Toledo Peoria A Western
7,400
271 Western N. Y. A Penn..
975
650,
•Oant.Br.&L.L.I July
149
361,
54,990|
66,
Tot. cout'led July
,555,813 3 ,903, 511 22,778, 603 24,389, 383
Total (86 roads)
8,071,223 7,440,345
684,647
53,769
Montana Un.. July
515. 174
438,,818
43,911
86, 831
16,,981
XeaT.Top. &8.I'july
2,060
2, 157
16, 511
Net increase (8'48 p.c'
630.878
,771
621
Man.Al.&Bur.' July
19,
2,951
22,
2. 661
Joint.own'd.ia!iJuly
24,476'
275,,887
239,,049
45, 824
The following will furnish a comparison of the weekly reGrand total.!'July
!,580,288i3,,949, 335 23,017,652 24,665,,270
sults for a series of weeks past.
125,,073
Vermont Valley August...
121,,566
20,085
20, 130
Waljash
SdwlrSept 310,000 270, 300 9,646,,312 9,199,,935
WEEKLT GROSS EARNINGS.
32 ,452
36:,230
Increase.—,
Wab. Chest. &W. July
7,230
5, 070
164 ,670 Period and number of roads
172:,688
Wash. Southern July
24, .347
Amount.
25,785
1891.
1890.
786,,188
P.et.
West Jersey
170: ,582
801 ,361
July
172,741
included.
9
$
$
1-55
606 ,345 2d week of June (84 roads). 6,391,208 6,293,425
W.V.Cen.&PItts. August..
727,,617
94,204
93 ,828
97,783
2-37
WestVir.&Pitts. May
48 ,420
35 ,097 3d week of June (84 roads). 6,320,008 6,173,502
14,430
146,506
8 ,472
328 ,521 4th week of June (81 roads). 7,930,910 7,265,584
915
Western of Ala. August
42;,018
342,,839
665,326
39,430
9-39
Weet.N.T. &Pa. 2d wk Sept
76,700
547,717
69, 300 2,518, 414 2,508 ,200
Ist week of July (80 roads). 6,379,906 5,832,189
8-98
Wheeling* L.E. 3d wk Sept
913 ,341
828 .818 2d week of July (83 roads)
27,710
549,567
23, 829
6,672„539 6,122,972
8-65
Wll. Col. & Aug. July
549 ,867 3d week of July (83 roads). 6,780,071 6,240,040
558 ,818
540,031
56,758
56,,996
8'16
Wisconsin Cent. 3d wk Sept 102,496 115,,2011 3,603,.829 3,676 ,008 4th week of July (87 roads). 9,997,313 9,242,895
754,418
8-13
Wrl«htsT.&Ten. July.
47 ,413 Ist week of Aug. (85 roads). 7,120,224 6,584,592
6,175
52, 511
535,632
6,i,210l
3-40
Zaues. & Ohio... Istwk Sept
98,,586
101,,224 2d week of Aug. (86 roads). 7,281,159 7,041,641
239.518
3,607
3,,419!
503
of
347.984
3d
week
Aug.
roads).
7,209,400
6,921,416
(87
* Figures ooTer only that part of mileage located in South Carolina
4-69
432.522
4th week of Aug. (77 road.s). 9,6.54,244 9,22 ,722
a The figures from Jan. 1 to date include corrections for the first three Ist week of Sept. (36 roads). 7,718,822 7,166,190
7-71
552.632
monthsof each year, b Western and Atlantic included in August, 1891, 2d week of Sept. (86
8-48
630.878
roads). 8,071,223 7,440,345
but not in 1890.
c Includes earnings from ferries, etc., not giTen
8-29
297,59»
3d week of Sept. (23 roads). 3,885,093 3,588,094
Bcparately.
1 Mexican currencT.
d Includes Rome Wat. <k Ogd. lu
both years for August and the eight months.
Net Earnings Montlily to Latest Dates. The table folLatest Gross Earniu^rs by Weeks. The latest weekly lowing shows the net earnings reported this week.
full
earnings in the foregoing table are separately summed up as detailed statement, including all roads from which monthly
followa:
returns can be obtained, is given once a month in these
On the 23 road.s which have thus far reported for the third columns, and the latest statement of this kind will be found
week of September, the gain reaches 8 '39 per cent in the in the Chronicle of September 19, The next will appear in
aggregate.
the issue of October 17.
TJn.Pac.D.&G.
.liUy
654,013
406,960
531,389
70,060
699, 263
464, 549
527, 662
4,356, 193
2,978,'094
.
.
1
—
—
yet Earnings.
Gross Earnings.
1890.
1891.
1891.
1890.
S
Roads.
»
36,995
Balt.A Potomac
Aug
51,410
150.170
143,485
267,109
Jan. 1 to Aug. 31.. 1,147,293 1,114.536
321,288
587,976
Cent.of New Jersey. Aug. 1,305,042 1,295,535
560,970
Jan. 1 to Aug. 31... 9,144,838 8,675.314 3,853,715 3,601,387
369,435
DenT. A R. Grande .July .
333,935
768,211
810,017
Jan. 1 to July 31.. 4,634,198 4,700,869 1,531,096 1,900,145
13,083
Elgin Joliet AE....Jiily
24,499
46.953
66,569
107,842
Jan. 1 to July 31....
132,571
378,141
318,726
4,256 def. 2.307
Jack.Tam.A K. W..Aug
31,187
34,321
81,847
Jan. 1 to Aug. 31....
223.832
523,643
415.618
17,097 def.4,877
July 1 to Aug. 31..
74.146
61.278
8,676
12,441
N.Y. A Northern. ...July,
48,018
43,228
49,840
49.011
Jan. 1 to July 31..
282,404
305,916
<I8,959
67.648
N. T. Sus. A West'n.Aug.
147.813
149,743
431,982
Jan. 1 to Aug. 31..
464,263
1,060,426 1,007,972
July 1,960,476 2,015,316
806,297
Northern Paoifl
779,515
Jan. 1 to July 31....12,664,407 11,970,4.53 4,715,416 4,452,814
Wisconsin Cent... July
171.452
183,292
481,078
483,730
Jan. 1 to July 31.., 2,807,726 2,824,325
997,601
955,906
977,749
Tot. both Co.'»..July. 2,441,554 2,499,046
902,807
Jan. 1 to July 31....15,472,133 14,794,777 5,671,321 5,450,415
945.422
Reading.
A
..Aug
1.007.099
Phlla.
1,963,755 1,824,705
Jan. 1 to Aug. 31.....13,845,433 13,327,215 6,232.677 5,703,029
Aug.
6,373,529
31... .15,531,545 14,982,158 6,932,326
Deo. 1 to
10,908
Aug. 1,947,729 1,747,847
82,707
Coal A Iron Co
Jan. 1 to Aug. 31....12,264,012 11,336.691 df. 124,744 df. 303,909
.337,396
Dec. 1 to Aug. 31....13,870,389 12,711,286 df. 114,876 df
956,328
Aug 3,011,484 3,572,552 1,089,306
Total both Go's
Jan. 1 to Aug. 31... 26,109,447 24,663.906 6,107,933 5,399.119
Dec. 1 to Aug. 31. 29,401,934 27,693,444 6,817,450 6,036,133
44,390
114,896
109.623
47,107
Bt. L. A. A r. H. bchs .July.
766,437
284,148
Jan. 1 to July 31...
689,721
292,980
4,587
139,430
25,167
San Ant. A Aran. P.July,
115,911
88,656
J.in. 1 to July 31...
893,325
844,258
57,671
33,634
99,358
52,435
San. Fran. A N. Pao Aug.
83,866
131,347
Jan. 1 to Aug. 31...
549,151
194,243
493,838
67,0.il
183,902
161,847
July 1 to Aug. 31...
89,529
33.3:!.")
94,304
93,823
33,160
W.Va. Cent. A Pitts. Aug.
209,261
Jan. 1 to Aug. 31...
727,617
606,345
241,811
Buffalo Roch.
& Pitts
Canadian Pacific
Chesapeake & Ohio
Chicago Mil. & St. Paul..
Denver & Rio Grande ...
Grand Trunk of Canada..
Kanawha & Michigan
Long Island
LoulsTille N. O.
IiOulsTille St. h.
& Texas.
& Texas.
Mexican Central
Milwaukee L. Sh. i West.
Milwaukee &Northei'B..
New York Ont. & West.
BTorthern Pacific
Pittsburg
Texas
&
& Western
Pacific
Toledo Col. & Ciun
Toledo & Ohio Central...
Toledo St. Tj. & Kau.Clty.
Wabash
Wisconsin Central
Wheeling
& Lake
Erie...
Total (23 roadsl
1891.
1890.
58,223
414,000
184,839
734,097
179,500
442,653
7,068
93,712
67,660
9,099
135,543
48,491
365,000
165,059
635,603
190,000
453,609
7.3S9
85,620
60,835
Increase.
Decrease.
>
,
.
3d meek of September.
A
.
8,606
101,690
91,480
39,16
52,202
598,775
44,581
159.769
6,212
34,373
30,402
80,56(1
40,534
63,575
653,333
52,223
150.054
6,280
31,065
41,469
310,000
102,496
27,710
270,200
115,201
23,829
3,885,693
3,588,094
Wet increase (829 p. 0.)
9,732
49.000
19.780
98,494
.
.
.
10,500
10,956
321
8,092
6,825
493
33,847
10,920
1,372
11.373
54,558
7,642
.
.
9,715
68
"s'.zos
11,067
39,800
.
. . .
.
.
12,705
3,881
356,021
297,599
.
58,425
For the second week of September our final statement
makes a very satisfactory exhibit, the increase reaching 8-48
per cent. The statement embraces 86 roads.
.
.
.
.
2(J
Keek of September.
1891.
1890.
Increase.
«~
Prev'ly report'd 2 troads)
Atch. Top. & S. F. system
Roads J'tly owned «.
Bt. Louis 4 San Fran...
Roads .I'tly owned >«.
Bait.
• Ohio Sollth^vo.^t•n
& Yadkin Val.
Cape Fear
Chicago & East. lUiuois.
Chicago & Grand Trunk.
Chicago St. P. & K. C'itT
Chicago & West Miohigiin
OIn. Jackson <fe Maciuaw
Cin.ir.0. AT.Pac.(5 roads)
Cleve. Akron & Columbus
CleTe. Cin. Chic. & St. L.
Peoria* Kastern
Colorado Midland
Current River
Detroit Bay C. & Alpena.
Decreasf.
.
.
3,943,796
755,004
35,676
158,326
35,119
5.5,111
13,186
80,665
73.543
120,771
37,681
14,016
155,018
22.045
283,103
35,790
SS.S'iO
3,031
7.953
3,613 ,097
•
657, 258
30,,983
145 ,212
30, 329
51 ,103
15 ,453
366.975
97,746
4,693
13,114
4,790
4,003
9,326
75,,107
93,,310
33,.805
13,,911
27,461
3.876
105
9. .ill
.
.
.
.
2,267
71 .339
163,,895
16,,999
271,,373
S3,,203
37,.992
3.,245
36,276
.
'i',564
—
The following roads, in|
Interest Charges and Surplus.
addition to their gross and net earniuRs given above, also
report charges for interest, &c., with the surplus or deficit
above or below those charges.
-Inter't, rentals, itc.—^ ^Bal. of Xel Earns.-'
'.
8,877
5.04'!
11,730
2,587
1891.
888
194
1,558
Roads.
Ban Finn. AN. Pac.Aiig.
July 1 to Aug. 31...
S
34.416
51,640
1890.
S
34,800
52,200
1391.
$
1390.
9
1,-1,019
3.331
37,889
14,33::
September
THE CiniONlCLE
86, 1891.]
ANNUAL REPORTS.
48d
Interest, less Int received.
151,758
««"»»'»,
?S''<»0='
Uonvcr & Rio Orando Rnilroa<?.
("For the year ending June 80, 1891
i;^'''"'""
Misoelluneous
The aniiiinl report has been issued in pamplilet form for the
year ending June 30, 1891. The President, Mr. MolFatt, resigned a short time since, and the report is signed by Mr.
Coppell, Chairman of the board of directors. The remarks
will be found in full, together with valuable tables, on subsequent pngc s of the CnuomcLE.
The following have been compiled for the Chronicle :
OPERATIONS, AC.
1890-91.
18S9-90.
1,407
Miles operated (average)
Kquipment —
T.iicomotlveB
liilKlit cars (Btiuuliird Kiiuge)
1 ri'it-'lit ears
imrro w KiiUKO
I'MssiiiKornirs (stiiiulard Range)
rasseii;;,T curs cuarrow gauge)
.30.S
6,646
6,358
7,2(17
4,7.'M
215
181
217
151
604,846
63,321,609
2 70 cts.
1,833,S74
279,506,391
67.3,73.')
—
Ojirratioiis
JJiiiiihcr pasfienifcra carried
Passciiifer inllcniro
Kati" perims.-ieiitfci- pcrmilo
rrci/lit (tons) ciirrled
Frcijilit (Ions) milcatte
Katoper tou pur mile
L.'jTS
239
(
2-05
Miseellaneous
Total earnings
Exncnaesfiir—
Briiij^csand buUiiings
RollinK stock
Transportaiioii
Contniffent
feucral
Total expenses
Not eaminsa
Per cent ol expenses to earnings
INCOME ACCOUNT.
189091.
^
8,303,136
8,850,921
964,076
164,314
701,755
953,492
242,952
2,524,416
146,703
302,087
3,027.()07
4,803,351
5,510,303
3,340,618
62-26
795,0.")2
167,51.-i
324,195
3,5.59,785
57-43
1890-91.
Ket earnings
Other income
3,340,lilS
Total
3,359,005
18.447
Disbursements—
Interest on bonds
1
Mi.'<ccllancoiis interest,
dlscountand exchange.......
and insurance
Betterments and renewal fund
Ta.^es
'
'"'
.
Caslipoolfl
Dcla.V(!d accoimts
944 roj
43*077
319,102
2.59'810
60,758
83 431
Dividends on preferred stook
'..'.'.'.'.'............'.
Total
Buridus
59l|2.")0
3,252,320
106,733
BAL-iNCE SHEET JUNE 30.
,
1890.
,
Assets-r
Cost of road
Equipnient..
Materials and supplies
ABent.s and conductors
Bills rcceivalde
^
100,083,453
5,741,933
880,130
284 617
d companies
First consolidated bonds in Treasury
Improvem't mort. bonds in Treas., (at cost)
Elo (i. .«o. KU. Co. 1st M. bds in Treasury
Standard gaii^'e account
Miscellaneous accounts
Cash
luilividiiaLs a'
Total assets
Liabililies—
Capital stock, common
Capital stock, preferred
1st mortgage bonds, 7 per cent
l8t eons, mortgage bonds, 4 per cent
451,250
136,000
724 141
312,356
127,232
807,772
136 1(^0
76o!oiH
107,305,097
$
38,000,000
110,442,750
23,6.50,000
23,G50,00(i
$
38,000,000
6,382,500
27,165,000
7,500,000
60,000
935,717
621,533
6,382,500
28,435,00(J
8,050,00<i
183. 10(;
927,071
655.442
605,200
847 340
160,810
06.45<i
33,541
74,462
572,920
545,340
354,780
38.810
JllsceUaneous
Balance to credit of profit and lo.s8,
excess of assets over all liabilities
82">
40o!286
WsSt)
Accrued interest on Improvement bonds...
Accrued interest on l.st mortgage bonds...
Coupons 1 St consolidated mortgage bonds.
Dividend on preferred stock
Total liabilities
248
1,558,287
500,250
Improve, mortgage bonds, 5 per cent
Betterment. fund
Vouchors
f*yi"lls
Loans payable
Bills payable
Foreign roads
ll6,72.'">
105,414,509
being
1,890,597
108,713,870
107,305,097
110,442,756
Total
1,728,886
CFor
the year ending
P Til e statement of
June 30,
June
30, 1891.^
the result of operation for the year ending
compared with previous years, has been compiled
for the Chronicle as below given; in 1887-88 and 1888-89,
however, the figures are for the year ending September 30
1891,
:
EARNINGS, EXPENSES AND CIIABGES.
1887-89.
188«-S9.
1889-90.
i.xpeu,«08
and taxes
Net earnings
1890-91.
A
^
a
3,403,296
2,222,630
3,477,988
2,277,809
3,685,769
2,404,130
4,061,890
1,180,666
1,200,119
1,281,639
1,401,383
tt
OroBs earnings
Total assets
LlabltitUt—
Capital stock
Funded debt
Accrued Interest on funded debt
Pay-rolls, supplies c& sundry accts.
Hurplus
liabilities
ns'jm
JDWE
ljTi7,212
164,427
1,148,218
'353^103
30.
1889.
1890.
1801.
21,029,668
732,584
1,569,470
"5,104
32,464
117,674
21,039,207
722,740
86H,242
68,502
60,025
121,149
22 342 040
23,556,973
23,470,865
24,157,653
12,000,000
0,815,703
1,404,580
12,000,000
9,820,703
100,211
404,510
1,148,441
12,000,000
10,385,403
107,270
526,180
1,138,701
23,.556.973
23,479,865
24,157,853
336,690
'714026
880*081
92,168
58 776
69,072
GENERAL INVESTMENT NEWS.
Brooklyn City Bonds.— The Brooklyn Aldermen have authorized the city officials to increase the interest on the
water bonds from 3 to 4 per cent. There were issued some
time ago Slj.'SOCOOO worth of these bonds for the construction
of the new aqueduct, and §1.000,000 worth was disposed of
Owing to the change in the money market, it
at 3 per cent.
was afterward found impossible to dispose of tlie bonds at the
low rate.
Chesapeake & Olilo. It is stated that Mr. C. P. Huatington has sold through Messrs. Drexel, Morgan & Co. 25,000'
shares of common stock of Chesapeake & Ohio. The purchase
was for an English syndicate Mr. Huntington still owns a
—
considerable
amount
of first
and second preferred
stock.
—
Chicago Fort Madison & Des Moines. This is the title of
the Fort Madison & Nortliwestern recently foreclosed and reorganized. The road has been made standard gauge from Fort
Madison to Liberty ville. From there to Ottumwa, 32 miles, the
line is about ready for the laying of the rails and thence it is
projected westerly to Omaha. The company has a traffic
agreement with the Atchison from Fort Madison.
Chicago Junction Railways & Union Stock Yards.
Messrs. Armour, Swift & Morris, the Chicago packers, have
made an agreement with the Union Stock Yards by which
the latter will acquire the ToUeston tract of 1,000 acres near
the city of Cliicago, and will also obtain ea,sements and restricThe Union Stock Yard Co.
tions on 3,000 acres additional.
guarantees §3,000,000 5 per cent bonds issued on the 1 ,000 acres.
packers
guarantee
their
part
The
on
to stay at the yards for
fifteen years and to pay yardage on any animal slaughtered by
them within 200 miles of Chicago. They also guarantee that
the Union Stock Yards shall in six .years derive a revenue
from the Big Three business of §3,000,000. The members of
the Big Three guarantee this not only individually, but for
each other for fifteen years.
The contract has been made but not carried out, partly on
account of the absence of the officers of the Union Stock Yards
Co. The^directors passed upon the matter in July last,
"^Cincinnati Jackson & Mackinaw. The committee of reorganization of the Cincinnati Jackson & Mackinaw RR. Company announce that they have received all of the securities of
the company and of the Cincinnati Van Wert & Michigan
Railroad Company, with the exception of §40,000 first mortgage bonds, §238,000 income bonds and 10,800 shares of the
Cincinnati Van Wert & Michigan Railroad. As the committee wish to allow all security holders the fullest opportunity
to join in the reorganization, the time for the deposit of securities with the Central Trust Company has been extended to
October 5. Any securities not deposited on that date will
—
lose all rig ht to participate in the reorganization.
i^oloratfiT Fnel Company.—The Colorado Fuel Company
of Denver, Colorado, whose stock, to the extent of §4,195,000,
lias been listed on the N. Y. Stock Exchange, has amended its
articles of incorporation so as to provide for the issue of preferred and common stock in lieu of and exchange for tlie
outstanding stock, in the proportion of 40 per cent preferred
and 60 per cent common stock, which will amount to §1,678,000 preferred stock and §3,517,000 common stock. The preferred stock will be entitled to cumulative dividends of 8 per
cent per annum, and no more, payable out of the net earnings of the company from and after the first day of July,
1891, before any dividend can be paid upon the common
stock.
Lon^ Island Railroad.
'
I
ISOl.
$
98,327,009
4,398,900
901,321
480000
-j>',<~w
.....
2-01 ctn.
6.189,300
1,735,528
926,033
_
C'ashouhaud
2,093. (i(iO
5,743,250
1,714,114
905,772
Roadway
Cost of road and equipment
BtookH and lionds of other oo's
Opi-naocouuts
Duo l)y agents
Buppliea and coal on hand
308,520,371
ots.
$
Fri'.'lit
402 Ban
172((45
480,000
"0.000
I1AI.ANCE SIIBRT
,
Total
404 567
254,024
009,918 1,035,052
180,748
104,467
OENBUAL
,
3-11,628
2-62 etc.
1889-90.
FaMCupcra
Total disbursements..
Surplus
66,135,n.'i2
KABNINOS JLHD EXPENSES.
Eiirntngtji-om—
^SS'^W"
63,067
2,060,51(
liie Stock Exchange, in compliance with the application
of the company, lias this week listed the new stock and
stricken the old common from the list.
In the Investors' Supplement, issued to-day in connection
with the Chronicle, will be found on page 145 a map showing the location of the coal properties owned and controlled
by the Colorado Fuel Company and the territory and princi-
pal
if
markets supplied with coal and coke. The net earninw
company have been For year ending June 30, 1889,
the
:
$230,073 44
.)38 14.
stock.
;
June
30, 1890,
The company
is
$.305,916 46
:
June
30,
1891, §330.-
paying dividends on both classes of
THE CHEONICLE.
436
A
Eel Kiver.— holder of twenty-six shares of the Eel River
Railroad stock applied to the courts for a receiver for tlie
property on the ground that the lea^e to the Wabash was
illegal and Told and that the Wabash was diverting traffic
and allowing the property to deteriorate. The Court appointed
Dennis Uhl receiver. The Wabash Company will appeal, and
it is said that this will prevent the receiver taking possession
until the courts have passed on the merits of the case. The allegations are said by the officers of the Wabash to be untrue so
far as the deterioration of the road is concerned. On the
contiary, the road was never in better condition, large
amounts Iiaving been spent upon it. The whole matter they
say is the result of rivalry betw een the towns of Logansport
and Peru, Ind. The Eel River Road is 93 miles long, and is
leased to the Wabash at 2 per cent on $3,000,000 capital for
five years to April 1 1892, then 2>^ for three years, and there-
•
,
after
3.
Mexican f'entral.— President Reynolds of the Mexican Central Railroad says that company has now practically earned
$1,140,000 of subsidy on its Tampico Division, which is payable to the company ia Mexican Government sixes, and when
the work is done it' will get $3,000,000 all told.
Mexican Piiciflc. This railway, which is building a line
from Tonal, in the State of Chiapas, to Frontera, in Tabasco,
has received from the Mexicaa Government $2,670,000 in six
per cent bonds, on account of subsidy earned on the last 30
kilometers of road constructed on the Pacific end of the line,
where there are now 50 kilometers in operation.
Minueapolis & St. Louis.— In advance of the printed report for the year ending June 30,1891, thj following state-
—
ment has been
Earnings —
sent to parties interested
1
Louisville St. I>ouis & Texas Railway— Additional 5,000 shares
making the total amount listed $3,000,000, and $250,000
second mortgage gold bonds bearing 6 per cent iutorest payable semi-
of stock,
annually.
Coi.OKADO Fuel Co.— $1,034,200 preferred stock and $1,551,300
stock issued, in the jiroportion of 40 per cent preferred and
The Committee on
i)er c(mt common, in exchange for old stock.
Stuck List was empowered to add the balance of both classes as the
exchange should be made.
LouisviLLt: & Nashville RR.— Additional $2,500,000 uulftod 4 per
common
60
cent gold bonds, making! the total amount listed $7,250,100.
Illinois Central RR.— Additional 15,000 shares of stock, making
the total amount Usted $43,595,400.
HoBoi{KN Land
& Improvement Co.—$1,000,000
first
mortgage
gold bonds running twenty years from November 1.1890, at 5 per
cent interest and-seiured by real estate and other property estimated
to be worth $3,000,000.
New York City Horse Railroad.—The following, for the
years ending June 80, is given in addition to reports published
in previous issues of the Chronicle
-- 23d street Rli. ->.
1889-90.
189091.
$
$
:
Gross pai Lings
Optrating expenses
708,931
473,883
752,502
509,575
Net earnings
Other income
235,048
15,293
242,927
15,806
250,341
258,733
28,631
26,096
85,295
60,000
26,350
36,695
85.295
60,000
Total
Deduct—
Inteiest on bonds
Taxes
Rettals
Dividends, 10 per cent
Total
Surplus
Pacific Short Line.— It
:
is
208,340
200,982
50,393
49,359
expected that this road will be
sold Oct. 28.
Fromfreislit
'
[Vol. Llll.
$1,167,746
343,141
43.257
23,406
27,313
—
Toledo & Ohio Cntral. The bonds of this company are
abundantly secured by the large earnings of the road, but
they also had placed on them in 1885 a guaranty of interest by
the Columbus & Hocking Valley' Railroad Company by the
on each bond:
$1,605,364 following indorsement
From piiseengers
From mails
From express
From miscellaneous sources
Total
Operating expenses
—
Conductiug transporiation
Maintenance of way
Maintenance of equipment
General expenses
$441,452
302.786
12()!o76
139 578
561252
Taxes
Total
$1,069,145
$536,218
Net earnings
The income account shows:
Debits.
Expenses and taxes as above
Rent of track and terminal facilities
Coupons on M. & D. bonds
Coupons Pacific Extension bonds
Coupons Minneapolis to Merriam Junction bonds...
Coupons Merriam Junction to Albert Lea bonds
Balance
$1 069 145
65'o"4
ig'coO
"
'
'
131013
32168
"'
"'"
35 078
-;
gei'.gol
^iilai^e
cJ^iuBalance Jul.v 1, 1890
Gross earnings
."......".!..
Interest and exchange..
Rental from St. Paul & Duluth Co.'.!!!!!.!'!
Rental track Minneapoli.s to Merriam Junction
Rental tracks city of Minneapolis
.$593
1 605
*
.
Sundry other rentals
313
364
M221
22*024
12'')63
5'l'<iis
..".........."..;
"^o^^^-
18,090
Guabantee— Being thereunto fuUyauthorized by a vote of the stockholders and a resolution of the Board of Directors, the Columbus
Hocking Valley & Toledo Railway Company, for vitliie received, hereby
guarantees to ihe holder of the within bond the payment of the interest
on the said bond, according to its terms, as it may mature.
In witness whereof llie Columbus Hocking Valley & Toledo Railway
Company has caused its corporate seal to lie affixed, and the same i*
attested by the Vice-President and Secretary, this 16th day of July,
A. D., 1885.
( C. H. V & T. >
8. Burke, Vice-President.
SEAL
5
Wm. M. Greene, Secretary
(
Now it appears that the present managers of the Hockinj
Valley Road have served upon the President and directors oi
the Ohio Central a notice that they will not be held by said
contract of guaranty, on the ground that it had no valuable
consideration, and that in case of default they will not be
responsible for the interest to the holders of the bonds or to
the Ohio Central. Fortunately there is no prospect that there
will ever be any default, but it seems very douDtful whetlier
this notice would be of any validity against hona fide holders
of the bonds who had bought them in the market for value
with this endorsement upon them. What the effect might be
on future purchasers taking them with full knowledge of the
repudiation of the endorsement, is a different question both
in law and in business ethics.
$2,313,936
Union Pacific— There has been great public interest thisi
week in the Union Pacific plan of fimding its floating debt.
The time for creditors to sign was finally extended to Septem&c., $369,293.
ber 26, and newspaper reports have stated tliat the Gould inNew Bonds and Stocks Authorized or Oflfered.—The follow- terests were indifferent to the plan, or even desirous that it
Additional expenditures out of income for lowering and
bridging tracks in Minneapolis, new machine shop,
V' eauio^ v
ment,
ing
is
a
list
of
new
issues of securities
now offered
for sale, oi
Boon to be oflfered
Albaky.N.Y. --$180,000 Madison Avenue improvement
:
should fail, in order to depress the stock market, but there^
has been nothing to confirm the^e rumors.
At Washington, Messrs. George E. Leighton, John F. Plum-i
mer, Jesse Spalding, Rufus B. Bullock and Joseph W. Paddock, the Government directors of the Union Pacific Railway
Company, have filed with the Secretrry of the Interior their
3i« per cent
oonds, duo in one to four years, are authorized.
Bbatrioe, Neb. -$35,000 water, &c., bonds are authorized.
BOSTON, Mass.— $2,550,000 bonds for various
are to be issued
Bhauford \^.-|i20,000 water works bonds purposes
are authorizert.
'*'*^ ^"^ ^'^ "*"' 20-year refunding bonds are
annual report, in part as follows:
authorSiJ'"*
Ckntrai, Falls, R. I.-$20O,0oo bonds are to be issued.
Though the operations of the Union Pacific Railway system for thB
resulted in a decrease of the n. t earnings to the amount o(
6 per cent gold vear 1890 we
IstmS WH^i^'-^"'? Railway Co.-$450,000
have to report that the physical condition of the prop$1,417,962,
''«'"'' '"•« offered bv Messrs.
NWHL^?»*^^"''i"n''"particulars
*''«*"'f°'^
are given in our advertising erty has i>een fairly well mnintjined, the equipment both of the muB
columSi
line and the auxiliary roads and branches largely Increased. For tb*
year 1890. as compared with 1889, the gross earniuk's of the Union
"""Is "•« issued.
i^uv^^i^c V,f;W"'*\°'A'?,?.?,™'"l-^.*''*.^'""'^'"»
Pacific Kailway Increased $052,643, while the net earnings decreasad
"!•« authorized.
^"S"' «?'?°'.?.?'i«'^T''""'"""l*
$1,011,920. For the same period the gross earnings of all the roaffll
'">'"''' '"e authorized.
i^kA ?7. .^^ J-~*U'5^'^
composing
the system increased $3, 379, OI-*, while the net earnlnjl
^'^ l"""""* «*"«» improvement
bonds due Iq'n- *'s";^*nn"n°'g°"
decreased $1,417,962. For the first six months of 1891 the s.ime stM|
Bids will hS ™^L' ?'?*''S*19 ^ "er oent revenue bonds, due 1901. of facts is presented of decrease in net earnings both from the Unloo
ei<-ekwenn,Clty Treasurer, till Sept.30.
Ltnn Mass ^ff.^^n^''^ J"^^'
Pacific Railway and the system, though in the latter monihs a tendency
^™ department bonds. $35,000 sewer bonds, to
«U) ooff^h^i^''
improvouient is to be remarked, especially upon the Oregon llnai^
^°^
"""^ $28,000 bonds for other purposes are to
be u™ed
and there is good reason to aucicipate a better result for the year.
event of the year to which wc feel called upon to direct the attcTi-'
The
NEBBAiK**.*>^f ?°^i"?° '!S'«'' ^'"'''8 '^'""Is are to be issued.
tioii of the Department has been the financial embarrassment of
"brd'^s'a^faV.aif "'°°*' ^ P*^ '^''' -"-^'"'^- '"I't- "°<» '""1- company, brought about by conditions impairing the ability of H:
company to carry its large floating debt. The gross floating debt u.
"ent bonds are to be issued.
OKr^NDo* i^f ^"i^^^.fJS^'^}'^^
tlie company on December 31,1889, was $20,161,000, and althougiii
*!?""* »''" authorized.
Port T^Vw»<;ctr*i?'""°
at times materially less during the year it reached on DccemlHT 31,1
WAsii.-Water
works
bonds
are
to
be issued
S^oml^L^^r""'
1890, $21,400,000 Of thisiimount about $15,000,000 was the result
^^"t'^'- ?"."'»'' ''" authorized.
TOLKDo'
xuj,Kijo utiio.-S-75.3;»2
oiio ''\"7rf SS'*l''0
of expenditures and advances in the construction of branch ami tribu
5 per cent impt. bonds, due 1 892 and after
lines, or the purchase of stock in such lines for the puriwse ol
tary
19 by the City Auditor
TTL?K V.i ."i" ''2St"A'='' "" tJetobcr
control, and was fully represented b.v securities of equivalent ''
>"•« to be Issued.
UNi5S'l?Am^.^~R*B^'°S-*',!'0"'i*'
KB; -$5,500,(100 coll. notes.
greater value in the treasury of the company. But under the conditii'i
vri??..7v.^, iT
of the money market in the autumn of 1830 the company was uual'
sewer bonds are authorized.
WlLS?NOT,fN ^c''^-^^.?^;T^
to dispose of them.
'""'''"*' '''*"'''•
^ Pe^ ««"'. due in thirty
Teirak?obelfs1i?d\'"°
The policy of the Union Pacifl« Railway Company in acquiring con
trol of tributary lines we have no hesitation in sa.'s ing is absolutely nei
New York Stock E-vchan^e-New Securities Listed.-!
he essary to the piosp rity of the system. It may be doubted if the com
''"'
Exchange have admitted pany could have maintained Its solvency except through such a policv
vo aealings the foUo^vinji securities
^'S''^
W'c iielieve that as a whole it has heretofore been wisely, conserv:!
tively and honestly carried out.
Tobacco Co.-Addltional 19,350 shares of preferred
..f,"?'?"^*''
stonk
In the year 1S90 about 120 miles of new road, exclusive of sidint:!'
Issued
lu pavmont for two Baltimore
factories. This isFue makes the
had beeu added to the system. All this work was immediately su.^
total amount of preferred stock listed
$11,935 000
peuded on
• first suggestion of financial danger, and has not as yi'
SvpTov
i
•
toSZ^h.T.l"'""^
:
Sbptembbr
hwn
THE CHRONICLK
so, 1801.
Every ciriirt \vn« iniule to retrench exponrtltiirc In every
mid It wiiH Imped thftt no extraorrtlnary meftdiireH ivc.nl,!
bccimio ucoi'HHUry to prcitcet tt» credit, A crUln In tlio Hunnnliil nfTiiIrK
of Ihp oomp'nv wns, however, rciichoil In AiiKiist, IHill. It liecimii'
Impinellrublc.lf nut Imimaiilhle, to curry th(> liirKf tlontlnK <lel>t any
iMiiirer throuifii the l)i\nk» iinil truHt ODnipftnloH, and It becvnie npcoH
\
to fund It. nt U'lixt for n pec lort miltlolenl to eiiiihle the compiiny to
rkiH ItH »eciirltlen, most of which were alrcndy hypotheciited In tho
pornrv lonns. Meniinres were adopted nt tho nieetlne, held on
*.' 4.000,list 1(5, providing for the Isatie of notes to the amount of
ninniUK for three years, at (i per cent, which have been offered to
on>dltor» at 'Ji's per cent, and nave, at thlx date, we are Informed,
M talten or nirrced to he taken by creditors and othern to tho amount
ihout two thirds, thus rcllevInK the llnances of the company from
To secure these notes the coinniiny ban
... present emliarrassnient.
The deposit of seoiuitUw ha» been
jiiiMlKcd everv available aBsef.
made with Drcxel. Morcan A Co.. a* trustees, and the sale or dlsposl.11 of them and the payment of tho notes are to be under the control
cUrectlon of a committee of live, to be composed of three creditors
two directors of the compRny. with power to add to their numl)or.
solution was unanlmoualy passed at the meeting rcfiuestliiK the
iiiittee to add one Government director to their luimber, but we
Both the letter
lot advised that any such action has been taken.
spirit of Bectlon IH of the Act of July 1, IHO'2, would seem to resuch representation upon the comnilttoe.
lie Government directors have, after careful consideration, relucilv concurred in the course of action adopted as presentlns; apparv the only means of relieving the company, but we cannot but
it the temporary character of the provisiou for relief, and the
litional fact that It has become necessary to hypothecate not only
iioiids but the stocks represciitiun ownership or control In the exive coal properties and the companies of tho entire tributary
^
-icm. In a degree It hazards the Integrity of the system.
.No one can come into a close knowlodKC of the Union Pacific Railway
svstem willioiit bcluK Impressed with the necessity tor relief from the
exactions and limitations rendered necessary by the various statutes
Imvlux In view the sec irlty of the Government lien. But the complex
iiiid involved methods arising from branch-Kuaranteod collateral trixst
ind indorsed bonds has cost the company a vast amount of money,
stated In millions, which might have been in a large degree
» fail ly
saved if It had been permitted to issue its own direct obligation, secured
by di'ect inortsage upon its own property. We cannot peroeivetha' tb)
Union
1 Sovernnient Is in any way benefited by these limitations. Tho
Pacific no longer occupies an exceptional position. Except as appertaining to the direct security of tho Hen and its payment, legislation
jhould not harass or burden it. A sound public policy should, in our
ludgment, prompt the Government as a creditor to make such prortsion as to time and date of payment of the principal, and the rate of
nterostto be paid, as may IH< within the ability of the company to
ncct but having done this the Union Pacifle should be as free and imiranimeled as other lines. We do not believe that tlio position of the
Soveriiment as a creditor will in any degree be improved by delays in
iBOh adjustment whilst, on the other hand, the ability of the commy to discharge its obligations by such legisl ition as will permit of a
insolldation and unification of the system, and an extension of tho
eourlty of the Government, either directly or Indirectly, to the whole
'
'
1
I
.
W^tpavtB
rcHiiinod.
d.-imrtiiiciit.
.
.
;
;
The nearly concurrent maturity in the near future of the underlyfirst mortgage bonds, of the debt to the Government, and of the
ng
'
^ oUateral notes
s
recently issued, aggregating over $100,000,000 is a fact
to he overlooked or disregarded. It xiresents pos.«lble conditions
rlUch a wise foresight should amply provide for, and in abundant
lOt
i
s;
••son^
—On Friday afternoon Messrs. Dow, Jones &
ah!
5
[
C!o.
reported as
dlows:
,1
i„
" President Stewart, of the United States Trust Co., reiterates his
totement this morning that tho delay in carrying out the Union
'aoiflc plan is due to the suplneness of some of the directors of the
ompany. Hesavs: If the other directors would do as much as Mr.
Ito
irrand Mr. Ames have done towards pushing tho plan, it would soon
,1,
•completed. It is true that up to one week ago the committee had
'" 90»lved $1'2,000,()()0 in creditors' assents and subscriptions. The comIB itttee then stated that if $.'>,000,000 more assents or subscriptions
ere received before Saturday the plan would be declared opera'lve
>((
:bout half of this sum has been received since then. We cannot say
liat will be done If the full amount is not raised by Saturday, the 26th.
he gentlemen on the committee are not disposed to throw up the
,t
" Mnge simply because snme people do not do what they ought to do.'
'\&
*<We iiuderstand that conferences on Union Pacific attairs are be^t ij held to da.v. Creditors representing all but t4,,500,000 of the
jating debt have, it is said, signed the agreement, and $3,000,000
jij
"
the notes had been taken, leaving only $1,500,000 of notes to be
111
wvided for.
"Boston Special.— Union Pacific offlcials have received dispatches
Ibl
MD New York to the effect that Drexel. Morgan & Co. have agreed
tarn in their *2.000,000 of Union Paclflc notes indorsed by Gould,
rim
niM and Dillon, and take collateral notes on the same basis as all
her creditors. This removes the only hitch and makes total siibPi
ifptlons of creditors $12, .100, 000. There will be a meeting of credj],
'^.
to-morrow, and It is believed that if a further extension of the
I"
an la necessary, it will be granted.
"Boston Special.— We can state authoritatively that the differences
tween Mr. Gould and the Ui ion Pacific creditors' committee have
L en satisfactorily adjusted. Tlie committee will probably ask a tew
J»' further extension, but say the plan has auvanced so far that it is
,,
J
Jia
'
,
,
'
:
1
.
m
:
,
vmA Documents.
THE DENVER & RIO GRANDE RR. CO.
FIFTH
A.NHUA.I.
REPORT TO THE 8TOCKnOT.DER8-FOR THE
YEAR ENDING JUNE 30, 1891.
Denver, Colorado, Sept. 12, 1891.
To the Stockholders of the Denver <fc Rio Grande Railroad
Company
Ob.ntlemen—The accompanying tabular statements, prejiarei by the Comptroller and Auditor, resooctively, show ii
detail t!te operations of your railroad for the year en.lin? Junn
30, 1891, and the flnancial condition of the Company on that
(late.
-Vs intimate 1 in our previous report, your consent was
asked and obtained to the change in the date of closing tho
fiscal ye«r of your Company from December 81 to June 30, in
order that it might thereby conform to that of the Qener il
Government, to* which the railroads are required under the
Inter-State Commerce Act to make report. This hasnecegitated the division of the operations of your railroad into two
periods first, for tho six months ending June .30, 1890 an!
second, for the new fiscal year ending June 30, 1891. To preserve in print the history of these opera'ions throughout, the
statements for the former period are published as an appendix
hereto.
;
:
STATEMENT OF EARNINGS AND EXPENSES.
FOR THE TE^BS ENDING JUNE
30. 1891.
1889-90.
1890-91.
Earningt—
AND JCKE
30, 1890.
Increa$e.
Decreate.
8
*
«
Freight
5.743,2riO 14
Passenger
1,714,11367
146,103 45
21,413 98
905,77194
20,26126
$
6,189,359 59
1,73,527 65
Exp'rs, Malls, MlsandRenta..
926,033 10
cel.
Total Eand'gs.8,850.920 34 8,363,135 65 487,784 69
Eipenset—
964,076 59
M'nt^u'nceof Rdw 953,492 15
M'nt'n'nce B'dges
and Buildings..
164,31428
78,637 84
793,05191
Rolling Stock.
701,754 92
Condctiiig Trans.3,027,067 10 2.524.415 65
Contingent Exp..
146,702 65
(R'd'yA-B'dgs).. 167,514 62
302,086 68
General Expenses 324,195 63
93,297 02
502,651 45
Maintenance
242,952 12
Total
Exp
5.510,303 46
6226
P. cent.of Earn'gs
20,84197
22.108 85
4,803,350 77 708,952 69
57-43
4-83
3,539,784 88
Net Earnings.... 3.340,P16 88
219,168 00
Notwithstanding the satisfactory increase of |487,784 69 in
Gross Earnings for the year, it *a3 largely exceeded by the
increase in operating expenses, which were $706,952 69 over
those of the previous year, thus reducing the comparative Net
Earnings by 1219,168 00.
By reference to the detailed Income Account on another
page, it will be seen that, after providing for the interest on the
Funded Debt, Dividend No. 6 on Preferred Stock, paid in
February, 1891, and other charges thereto for the year, the
resulting surplus was only $106,733 29, thus precluding the
possibility of any dividend on your Preferred Stock (or the
six months ending June 30th, 1891.
The application of this surplus, together with the means
realized from other sources during the year, is accounted for,
substantially, as follows, viz.
RESOURCES TO BB ACCOUNTBD FOB.
DecrcfiBeof Assets
$1,752,766 69
Increase of Liabilities
3,800,588 27
Total to be Accounted for
This
sum
is
$5,553.304 96
accounted (or as follows, viz
:
Increase of Assets
Decrease of Liabilities
$4,890,426 31
501,168 20
Total Accounted for
Decrease in Profit and Loss to Balance
$5,391,594 81
161,710 45
$5,553,304 96
I
f\
'W fair sailing."
kH
3 the
g
J'lJ
am
n*9
means that the $17,000,000 will be subscribed
plan be announced as operative.]
IFftbash.
It is reported that the Wabash will soon begin
rehis probably
—
new line from Chicago into Detroit. It is bewed that the necessary bonds can be floated within sixty
vs, and the issue will be $3,.500,000.
The extension will
"t the present main line from St. Louia to Detroit at a
lilt a few miles south of the Michigan
and Ohio boundary
Xk on
its
le.
Wes'ern New York & Pennsylyania.—The interest on the
>nd mortgage bonds of the Western New York & Pennsvlnia R.K. due October 1, 1891, will be paid in scrip at the
"
of
,5
per cent per
annum.
&
Joseph Walker
Sons offer to investors §135,000
Bridge Railway Co. first mortgage 5 per cent gold
M-9.
line 1915.
The Bridge, which cros-ses the Mississippi
at Winona, is leased to the Chicago Barliugton
lern Railway Co., Winona
Southwestern Railway Co.
&
&
'
^
i.,
th^ coupons of the Winona & Soutliwes.tem Railway
due Oct. 1, also interest on the SoOO scrips, are payable at
enr office.
proof of these figures, you are hereby referred to the
report of the Comptroller.
Fo"-
EQUIPMENT,
$1,342,973 72.
This increase in your Equipment for the year
is
made up p»
follows, viz
Standard (Jauge.
Locomotives
Locomotive Water Tanks
Passenger Coaches
Baggage. Mail and Express Cars
Box Cars
Htock Cars
Kl;it Cars
Consiruction Cars
ffumber.
63
4
30
18
700
lOO
300
16
23
Cabooses.....
Wattr Cars (10 Flats changed to Water)
Snow Plows (Sluiffeiv
Htcam Wrecking Crane
Htcam Shovel
2
1
1
Flangcr
2
Tool Car
&
tho Green Bay Winona
St. Paul Railway Co. for a
'u of thirty years.
These roads pa-ss all their traffic over
i Bridge destined to the
West and Northwest. The above
VWho are the fiscal agents of the company, also announce
i
19,584 41
of
. .
iroperty.
n
U7
^...
1
Total Standard Gauga
Narrtnn Gauge.
Nrrrow Gauge
Equipment R-'ld
Deprceiatiun on same
Equipment worn out and charged
Lc
1.5
20
83
94
82
953 45
10.00000
7,423 14
1,74044
1.08804
1
$1,50000
3
1,755 15
$1,641,904 45
$213,882 06
23,202 93
.s
Net tncrcace as above
65,19119
67
474.275
65.540
154.079
19.022
27,333
2.248
$1,638,649 SO
Locomotives
Cabooses
Total Standard and
Amount.
$598,097 00
6,764 64
204,891 29
olT.
61 .785 74
298,930 73
$1,342.973 72
THE CHRONICLE.
438
BETTEKMENT8,
This
,'H,976,154 79.
sum is
'The betterments made to your property during the year,
including the completion, practically, of your standard gauge Equipment
respec- Betterments
line between Denver, Grand Junction and Trinidad,
tively, are located as follows, viz.
Standard Gausins. First District. First Division
Other Improvements, First Uistrlct. First Division
Pueblo to Triuidad and La Vcta, Wrst Division..
Standard GauginK. Pueblo to Salida. First Division
Otlier IniproveinButs, Pueblo to Salida, First Division...
Standard Gan(ring, Second Divi.Mon.
^i'lH
ol
^??-x2o ok
o^S'oSi %a
S?
^5^'.?|i
60,374 37
''
Otliorlmiirovcments, Second Division
TUrd Division
Fourth Division
Grand Junction Terminal Improvements
Standard Oauginc West of Grand Junction
oaaiii^
o'nii J,
.i?'x,inaA
f I'^^? it
S'oon'T?
'ii-'niii
Duranao Yard ImprovementB
?"?"_'_
$2,114,602 12
Total
Less amount char?'jd Income for year (Including Interest on Fund) and credited to Betterm't Acct. as a whole.
138,447 33
,
.$1, 976,154
JJetas abo'c
79
[Vol. Lin.
accounted for as follows, viz.:
INCKEASE OF AS»ET».
s
1.342,973 72
1,976,1.54 79
Mule and Grading Outtlt
Ouray Extension
Aberdeen Quarry Branch
New
Castle Extension
San Luis Distrlot
LeadvUle Cut-oflT
Trinidad & Denver BR
Chandler Branch
Military Post Line
100 38
1,50 54
69
34
90
34
44,123
12,595
5,025
1,109
272,892
10,510
67,536
Laws Siding
State and County Warrants
Individuals and Companies
U. B. Government
Improvement Mortgage Bonds In Treasury (at cost)
B. G. Southern EB. Co.'s Ist. Mort. Bonds in Treasury
500,250 00
1,60000
147
Vouchers
Net Increase for the Year, $631,580 23.
in detail.
report of Comptroller shows this expenditure
First
It will be
itures for
necessary expend-
Mortgage Bonds, Coupons Due and Unpaid
Dividend Preferred Stock
Dividend t^erip
Traffic Balances
the use
30, 1890.) $1,480,750, thus necessitating not only
which
of your surplus and the drawing down of tke Assets
you had on hand at tlie beginning of the year, but also the
creation of debts in the shape of Loans, Bills Payable, etc.
With these large expenditures made in the year under
review, and previous years, amounting since the reorganization, (July 12, 1886,) to over §21,000,000 00, your Road and its
Equipment is now in such condition, physically, that no
extraordinary outlay in connection therewith is anticipated
for the current year. It is hoped, also, that with reasonable
economy in every department of the service, and the general
revival of business which is now looked for, your earnings
will be sufficient to justify the ordinary expenditure for
maintenance, provide for all fixed charges and other current
Liabilities now existiog, as they mature, and leave a tangible
surplus at the end of the year. Your Company had on hand
June 30tli, 1891, Materials and Supplies to the amount of
$880,000 00, which can be drawn down to $570,000 00 and
maintained at that figure, thus relieving the expenditure of
current Earnings to the extent of the difference.
Its Bills Receivable and other amounts due from various
Individuals and Companies, Agents and Conductors, etc.,
carried in Current Assets, are considered good and collectible.
Heretofore the Income Account of your Company contained
a full year's interest on its mortgage bonds as such interest
matured, but left out that which had accrued since the payment of the previous due coupon. This is now written up in
the General Profit and Loss account for the year ending June
80, 1891, being one month's interest (June) on the Improve-
501,108 20
5,553.304 96
INCOME ACCOUNT
FOB THE TEAB EUDIMO JUKE
By Gross
George Coppell, Chairman.
rMm BY OF Financial
Oi'ebaho.xo vf iub Dbkver & Rio Qeasdb
BR. Co. FEO-H June 30, 1890, to June 30, 1891, Outside of its
Income Accou.nt. Resohrces to be Accocntbd fob tuds:
DECUEASE of ASSETS.
$
8,S1214
Express Property
Ride Creek Extension
Advance Surveys
'_
Material! and Supplies
Bills Receivable
CMh
Agents and Conductors
Standard Gauge Account (cash)
iirstConi. Mortgage Bonds in Treasury
.'.
" Interest on Standard Gauge Fund
To Operating Expenses
" Taxes
8,850.920 34
18,447 33
.JP5,510.303 46
286.562
32,629
43,077
1,944,805
60,758
259,816
" Insurance
" Interest. Discount and Exchange
" Interest on Funded debt
" Cash Pools
INlREABB op LIABILITIES.
Bonds
Mortgage Bonds
First Cons. Mortgage
.'
PaTabIc
8,869,367 67
'•
.Tuly 1, 1890
Balance of Income Account, June 30,
1
891, transferred to credit of Profit
Cliecks. -"eriis
".V
;..:...
i."";
First Mort. Bonds. Intercut accrued but not due. .'.'.'.'.'.."
yirst Cons. Mort Houds, Coupons due and unpaid
Improvement Men!;. Hondr. f.oiipons duo and unpaldir "
.-lort.
Bonds. liiiereBtacMuedljatuotdue
'
Carfierv'.co
Sondrles.
Bettenn-ntFunci' ::;::::;;::::::;:::::::::
Loss Account
" Express Equipment
697,9<
50,00
" Mule and Grading Outfit
" Foreign Roads Overcharges
To Dividoud No. 6 on Prcf. Capital Stock.. *391,250 00
•'
6witfhingCIiiima,April,'8S,toJune30,'90
45,739,00
" Freight Cars destroyed and broken up..
47,000 09
" Depreciation in value of Eqiilpmont sold
to Rio Grande Southern RR. Co
Accn.ed Interest on Funded Debt
Adv.auce Surveys Closed Out
" Miscellaneous Items
" Balance, Surplus June 30, 1891
•'
"
Pueblo Union
D,>i.,.t-M.-,Tlll
Totai Inore.'iscof
Award.
Li.ibllltlos
•
i.'.".'.'.'.'.".'.";.'.'
Gr»ndTotalto beaccounted
oi'uko 21
,5 nS 79
74'4'!2 50
27 5S0 00
11 '•oi) 00
sV-iifi'
o.i,..iio
2'»
ilt-Tin'-^
JUNE
23
2,644,706 iC
d
direct to
30. 1891.
760,019 43
State and Cnty Warrants (face
value)
Material and Supplies on Hand
Agents' and Couductora' Balauces Due and in Transit
Bills
10,557 78
880,139 45
218,825 41
400,286 72
Receivable
Improvement Mort. Bonds in
Treasury (at cost)
Rio Grande Southern Railroad
Company 1st Mort. Bonds in
Treasury (at cost)
Pueblo Union Depot Sinking
Fund
1
Accounts
collectible
67,536 25
500,250 00
1,600 00
—
U.S. Government
Individuals and Companies
45,104 94
724,141 89
769,246 83
Ltubililiea—
Vouchers
Pay
Kolls
02
roin)onfl, 1st Mort.
$1,090,783
C
Bonds
1,542,5488
8,452 50
Couijous, Cons. Mort. Bonds... 572, 920 00
Coupons, Imp. Mort. Bonds... 21,912 50
.Vccr'd Int.
603.285
on Imp. 5 per cent
Bonds
33,.54107
Aeciuert Int. on iat Mort. 7 par
cent Bonds
74.462 60
108,00*
Kxpress M«ney Orders
9i
.Sundries
Balance. CnBiiExr Liabiuties
IN Excess of Cuhrent ReSUlItCES
.'5,553.304
16
17
90
74
Retowces—
Cash
695,200 00
847.349 36
3,800,5:38 27
tor
3,126 23,
00
I:*)
u
"1
CURRENT RESOURCES AND LIABILITIES
1,270 000 00
45,'()76
'
'
3.01".
* It will be observed that " Dividend No. 6 " was charg
Profit and Loss (see above) instead of Income Account.
Loans Payable
Bills Payable
10
11,759
108,004
108.909
3,157
1,728,836
2,644,706 20
Car Service
11,
1,890,*96 68
and
1,752 ' 766 69
fc95;2(i0
8,869,367 67
PROFIT AND LOSS ACCOUNT.
By Balance, Surplus
927,074 64
655,442 59
96,456 20
11,810 20
fcdT'^iaift
Unclaimed Wages
Imp.
5»
98
00
78
07
312355 92
136,000 00
5.5o'ooo 00
I'"*"" I"».""''"
Pay
21
60
63
48
00
89
35
" Bettermsnts and Renewal Fund
" Delayed accounts chargeable to the operations of the year
33,430 97
" Balance to Credit of Income
'697,983 29
Foreign Roads
Total Decrease of Assets
I mproTeinen t
16*695
15!976
31 181
I,158ioo0
47 752
36'u»2
30, 1891.
earnings
my
order of the Board of Directors,
5,391,591 51
161,710 45
(See Analysis)
ment Mortgage Bonds, and two months'
interest (May and
June) on the First Mort. Bonds, or $108,004 17 in all. In future
the accrued interest will be written up to Income each month,
thus showing at all times the true condition of this account.
But little, if anything, was done in the way of preparing
arrival in Denver on the 9th inst., hence
this report before
the delay in placing it in your hands, a circumitanoe which
we very much regret.
14
67
59
00
354,780 00'
837 50
64,354 30
New
June
IJlUs
8,642
63,212
3,981
6,460
Pay Rolls
Express Money Orders
Equipments, Betterments, etc., amounts to
Total Decrease ot Liabilities
in
over ^,000.000 00, to which add the 8500,000 00 for decrease
Grand Total Accounted for
your liabilities, making say $4,500,000 00 in all, against which Decrease in Profit and Loss to Balance,
ConFirst
00
$1,956,000
sale
of
the
from
cash
in
you realized
solidated and Improvement Mortgage Bonds, (including ?136,000 00 First Consolidated Mortgage Bonds in the Treasury,
By
-50
4,890,426 31
DECBEASE of LIABILITIES.
CONSTEUOTIOX AND EXTENSION OF BRANCHES.
GENERAL RE-MARKS.
observed that the sum of these
11
57
25
(at
cost
Pueblo Union El^pot Sinking Fund
Trinidad Terminals
Total Increase of Assets
The
3,000 00
2,810 12
22,531 11
64,10.5 63
562,809 29
_..
329,633 59
96
3,968,007 46
3,968,0J>7
(
Sbptbmbxr
THE CHRONICLE.
90, 18B1.J
439
COKDKNSED COMPABATIVK HALANCE SHEET JUNE 30.
C 3N8TRUCTION.
A88KTII
Cott of
Hood
.T^kJu
June 30, 1890. June
nnil Appiir-
)b
9
i.'MH.'MM
7,800 00
58,812 14
Ri-iil
Totnl Cost of
(IVi
7,261, ills 05
•-
Kxlalc
KxprtMft I'ropcrty
Uulv unci Unidlu'g
$
Oiittlt..
72
ii,',;37,:ts» 84 I,a76,l3l 70
7,H00 00
50,000 00 Bee. S.tri rj
3,000 00
3,000 00
B,7 1l,)i:i.T74 1,312.073
Roadaud Ap95,711,700 07
purteuaueos
00,025,07644 3,313,31637
3,006,370 23
1,270,427 .'>4
703,301 06
770.996 80
Hxteusloii
A.«pen Kxt<inloii
Ouriiy Kxtoiislon
Liiko Kork UxttMinion
Kxtcu'dun
Abenleon Quarry Urauch.
Itltlo
Crei'k
3<!(i,3:i7 5:1
44
379.948 43
27,81)0
New
Castli! lixturislou
Sail I.ula District
Learlvillo Ciit-olf
Triiiidail & IJiMivor
Uourtii Mine Brani'll
Cliaiidl«r Urancli
14.61)2 .^2
BB
.
Conrhitii lirancb
Ix>iiia Hraiich
Strawlierry Urnuch
Cliaiui Lii'jibor Spur.,
Tros i'iadraij Lmiibcr
abf Spur
Military PoatSiiur
Advance Surveys
58.274 19
63.109 04
104,719 89
16,124 38
85,606 24
76,259 14
61,548 25
7,730 30
5,107 03
39,103 13
17,358 04
Laws Sldiug
7,080,912 46
Total Cons, of .Broha
Bills receivable
Ca»h
ludtvidnaUand Coinpanie.1
Aleuts and Conduoiora...
U.S. Govennucnt
Imp. Mort. Konds in Treas.
R. (i. So. RK. Co. 1st .Mort.
901.321 43
9.448 44
l,.->38,286 72
807,772 21
431.249 78
284,817 48
34,594 37
2.S10 12
770,9110 80
319.042 32 X>€C. r6,6(}j 2t
50,391 55
22,3.11 11
64,103 68
444,054 11
577,411 81 862,809 29
100 3(!
59,374 85
150 54
03,239 58
104,719 89
60,248 27
44,123 GO
85,606 24
70,239 14
61,348 23
7,730 56
5,107 03
51,733 47
12,595 34
1,382 05 Dec. is.q7b 59
5,025 90
5,025 90
7,762,492 69
681,580 23
830,139
10.537
400,288
700,019
45 Dtr.
Ace. (Cash).
312,355 92
Pue.lo U. D. Sink. Fund...
1st C0U3. Bunds in Treas..
500,250 00
Dte. jr2.jjs 02
1,600 00
136,000 00
4,495,846 35
Total Current Assets
2r,rSi qS
78
1,109 34
72 Deei./sg,ooo 00
43 Dec. 47.7S2 r'i
724,14189 272,892 11
21«,825 41 Dee. 3S <1Q2 Of
45,104 94
10,510 37
67,336 25
67,536 23
500,230 00
Ddiid.s in Trcaa. at co.st.
Oaugo
Oleuwood Extension.
Asimn Extension
Ouray Extension
Denver RB
Trinidad
703.36196
3,638,461 87
I>ec.*,-7J«/./'S'
16,577 73
16,725 23
147 50
CajiilfU litoek—
Common
Preferred
Total Capital Stock
81,650,000 00
6,382,500 00
First Cons. Mort. douda...
Improvement Mort. Bonds.
Funded Debt
Castle Extension
Rifle
Creek Extension
283,372 31
Increase.
$
01,650,000 00
5,023 90
6,918,908 57
27,165,00000
7,500,000 00
41,047,500 00
42,867,300 00 1,820,000 00
Current Lmhittties—
I<<>ans I'ayable
Bills p.iyiililc
Vouchers
Pay Bolls
Pay Checks, Series "A"
Binclainied Wages
Express Money Orders...
nrst .Mort. Bonds Cuupoas
due and unp.id
IHrst Mort. Bonds Int. accrued but not duo
Blrst Cons. Mort. Bonds
Coupons due and unpaid.
Improvemeut Mort. Bonds
CoiipKu.sducand unpaid.
Ilmpruvni't .Mort. iiomls interest accr'd liut uotdue.
Ividend I'rcferied Stock.
933.71C 78
416,396 11
177.837 02
27,280 13
13,336 89
13,912 50
8,452 50
Dec. 5,460 00
74,462 50
74,462 50
543,340 00
572,920 00
27.580 00
10,712 50
21,912 50
11,200 00
33,541 67
33,541 67
334,780 00
837 50
180,810 50
ilvidend .Scrip
Balances
Service
idrles
rotal Current LlablUttes.
693,200 00 695,200 00
847,349 36 847,319 36
927,074 64 Dee. 8,b4J 14
333,183 44 Dee. 63,212 67
269,839 23
91,982 21
32,419 92
5.139 79
9,475 30 Dec. 3,SSi S9
2,636,999 93
Dec.3S-f,?So 00
Dce.g3jjo
96,456 20 Dec. 64^5430
11,810 'iO
11,810 20
14,000 00
14,000 00
3,968,097 46 1,311,097 53
-'Apparent lAnbillHrs
|IX Jc R. G. Railway Co.
34,100 00
34,100 00
1.000 00
1,000 00
Ry. Co. General
Mortgage Boudbolders..
Total
(,'om'on Capital Stock
I Treasury to meet sumo
35,100 00
Summary—
35,100 00
35,100 00
35,100 00
Ml.
ermeut Fund
Wo U.U.. Morrill Award
Fot Defer'd LlabiUties
60,000 00
00,000 00
18.3.196 52
45.076 02
123,196 52
43,076 02
228,272 54
168,272 54
Total Liabilities
105,414,499 03 108,713,870 00 3,299,370 07
Profit & Loss to BalJCE, BKINO E.XCE8S .IF
BirigoVBRldABIUTIiiS 1,890,.596 68
1,728,886 23 Dpe./6/,r/o./,107,305,096 61 110,442,756 23 3,137,639 62
143,024 93
56
05
25
24
47
80
55
11
32
81
27
90
Pueblo to Trinidad and La
1,012,819
Vota, Ist Div
Pueblo to Salida, IstDlv.... 813,163
497,267
Hceocd Division
539,009
Third Division
Fourth Division
127,225
Grand Junction Terminal
Imiirovements
Standard Gauging, West of
Grand Junction
Durango Yard Improvem't'.
Deduct Am't Cliar'd Inc.
A't.
85
61
65
01
29
$
035,032 28
322,265 07
322,265 07
201,028 71
1,641,596 56
221,815 13
1.061,400 37
2,603,996 59
1,234,635 00
1,874,305 98
1,440,567 83
128.23133
77,82158
3,101,26424
667,240 94
205,046 87
73,260 22
75,26022
113,692 21
500 73
115,69221
560 73
5,222,063 21
731,430 77
4,93) ,('96 89 10,173.160 10
4,490,632 44
4,746,757 40
204,339 49
935,770 26
9,237,389
84
EARNINGS, EXPENSES AND NET EAENINGS, ETC.
FBOM JAHUABY 1, 1883, TO JUNE 30, 1891.
Av'ge
Xel
Earnings.
18«5..'.
1886
1SS7
1888
1839
'
Expenses.
S
$
"Year.
1,317
1,317
1,347
1,463
1,493
months
Esminas.
<R
72 3,935,273 46 2,183,780 26'
47 4,227,416 08 2,310,660 79
05 4,742,048 53 3,241.370 33
04 3,104,08174 2,863,972 30
37 4,714,193 27 3,332.410 10
6,119,053
6,738,077
7,983,419
7,66s,634
8,046,603
3,890,852 97
2,360,142 88
1,530,710 09
Earnings
Expenses
per Mile of
Road.
per Mile of
Road.
Net Eamingsper Mile
of Road.
1891— Year ending
June30
1,579 8.830,92034 5,510,303 46 3,340,616 88
FEB mile OFBKATED.
Av'ge
Miles
$
7'ear
1885..'.
1886
1HS7
1888
1889
1890— Six
months
1,317
1,317
1,347
1,463
1,493
ending June 30.... 1,497
18:(1—Year ending
June 30
1,579
jr
S>
4,646 00
2,988 00
5,11600
,3,927 00
5,242 00
5,39000
3,21000
3,520 00
3,43900
3,158 00
1,658
1,906
2,407
1,753
2,2.12
00
00-
00
00
00
2,599 00
1,577 00
1,022 00
5,605 00
3,490 00
2,115 00
TONS AND PASSENGERS
CABBIED ONE MILE AND EAENNGS PER TOS AND FA8SENOEB PEE MILE,
1885 TO 1891, INCLUSIVE.
Earnings
Earnings
Tojis
Per Ton Passenaers Per Pass]
Average Miles Carried
per MUe
Canted Per Mile
Tear,
Operated.
One Mile. In Cents. One Mile. In Cents.
1885
2-72
1.317
168,631,765
26.124,126
4-10
1838
1,317
192,5«5,914
260
41.261.583
3-07
1887
1888
1889
1,347
1,463
1,493
1390, J an. to June
Inclusive
1,497
1,579
309
242,019,703
260,317,174
2-39
2'19
2-10
54,284,440
53,768.294
64,125,578
2-79
2-07
124,929,884
308,529,371
2-13
2-01
29,095,«88
66,133,652
2-76
2-6a
241,'-77,230
Total Tons Carried
Ton.s CariicdOne Mile
.Mileagcof Freight rrains
Loaded Freight Cars
"
"
'•
Empty
"
Freight Cars, Loaded
ferred Liabilities,
80
14
Total.
$
792,00735
FBEIGHT
Nil.
23
64
08
58
85
842,202 07 7,761,110 04
$
C. B, I. & P. Improvements,
IstDlst., 1st DIv
Standard Gauging, 1st Dist.,
Ist l)iv
Other Improvem'ts, IstDlst.,
STATISTICS.
1890-91
$6,139,339" 59
2.093,660
i'relght Earnings
>
5"i,:i74
104,719
76,259
7,730
5,107
81,548
85,606
51,758
770,096
50,301
444,034
349,042
577,411
60,248
5,025
July 12, 1888, 18 Months
to VeeemEiuiing
ber 31, 1889.
June 30, 'gi.
1890-91
Btoekliulders
8,000,370
1,270,427
706,172
63,259
BETTERMENTS.
1890— Six
6,382,500 00
28,435,000 00 1,270,000 00
8,030,000 00 550,000 00
22,331 tl
80,815 39
64,270 01
577,411 81
80,248 27
Han Luis District
Chandler Branch
Laws' Siding
Miles
Oper'd.
.
3,466 06
12,593 34
18
13
New
Oper'd.
%& K. «.
82,140
39,163
770,990
27,800
«0
44
363,23-( 72
ending June 30.... 1,497
Funded Debt—
First Mortgage Bonds
ilKc
7,7.3050
5,107 OS
61,348 23
Lake Fork Extension
Aberdeen Quarry Branch...
LABILITIES.
June 80, 1 890. J'unc 30, 1 89 1
$
C
38,000,000 00 38.000,000 00
23,650,000 00 23,650,00000
54
100 30
l.'^0
9,689 30
3,087 80
73,17128
L«mia Hraiicli
CUanni LuuiberSpur
Tros riedras Lumber Spur...
107,305,096 81 110,442,736 23 3,137,659 6^
Total Assets
2,810 12
03,109 04
58,274 49
05,030 .50
<ic
Cul-Off
Kcu.to Mine Btancb
I.eailvlllo
—
Deferred Assets
Trinidad Terminals.
Total
1,270,427 54
l,6u0 00
Dec. /jQ.ooo 00
Tolnl.
*
23
3,0O0,.37fl
Couelilta flrancli.
Military I'o.it Lino
3,000.376 23
1,276,427 .54
706,17'iOS
18 Uonthi
Ending
June :H),^Ol.
$
IstDiv
Current Afsets—
Materlnla and Supp ies
State and County warrauta
Stand.
Summary—
Sirawlierrv Brauoli
ConHriifUon of Branehet,
GUuwond
12,1880,
to Decernbar 31, imo.
Tucrfose.
S3,(ix 1,1152 •'G
Cost of Ho.kI (I'ropcr)
K(|tlllMIR'lll
Hot ttTiiinit-^
30, 1991,
'
1889-90.
$5,743,250 14
1,833,874
308,329,371
2,714.388
35,133,923
14,313,027
279,.596,391
Empty
49,449,455
Freight Engines (excluding
5.107,924
Switching)
Freight Earnings, per Mile of Road...
$3,919 79
•'
"
per Train per Mile.
$2 23
"
"
12-3i
1H.T Car per .Mile... Cents,
"
"
"
201
perTon per MUe...
113-<i6
Average Tons to Each Train
"
••
6*24
Car
"
'•
"
3-78
Loaded Car....
"
18'23
Cars to Each Freight Train.
1'88
"
Engines to Each Freight Trala
"
147-36
Uaul of Each Ton (.Miles)..
45,270,557
"
2,337,919
32.656,610
12,613,947
and
4,164,709
$3,826 2^
Cents,
«2 4B
12-69
2 05
119-59
618
8-56
1936
1-78
152-46
THE CHRONICLE.
440
[Vol.
UU.
PASSENGER STATISTICS.
1839-90.
51.714,113 67
$489,(>37 77
1890-91.
PaesengerEarnlnm...
Mail and Express EanilndS
*^ci7?n'Rnn
i
^aoo.boo ?t
Carried. ..-.•-•
••
One Mile.
„„ 'il^'lii
6(>,13o,652
Mileage of Passenger Trains
••
..
Cars
"
"
Engines (exclud-
10,201,89/
Number of Passengers
694,846
63,321,099
1,581,054
9,118,887
hln^'ili
2,08",737
$1,141 98
2,298.391
cludlnK BwltchlnK)
!tl,09» id
Passenger EarninKs per Mile of Road.
Mall and Express Earnings per Mile of
$326 21
$355 03
Koad
Passenger Earnings per Train per Mile. Cents, 98-70
Mail and Express Earnings per Train
per Mile
„'So
Earnings per Passenger per Mile
oi'ci
Average Passengers to Each Train
^Z
'si
5-80
"
Passenger Care to Each Train.
"
Enginesto Each Pas'gcr Train.
„1,?
98-16
••
Miles Traveled by Each Pas'gr
$108
30-97
2-70
40-05
5-77
1-32
91-14
Centa,
'
CLASSIFIED FREIQHT.EARNING8.
Year Emdikg June 30, 1891.
COMMERCIAL EPITOME.
Friday Night, Sept. 25, 1891.
of a speculation in the corn market
occurred early in the week, and was a disturbing influence in
commercial and financial circles, but proved to have nothing
.A.
failure, tlie result
more than a passing interest. The temperature has continued
high for the season, and in some parts of the country excesFrom the extreme Northwest prairie
sive heat has prevailed.
fires extending over wide areas have been reported.
The
break of the corn speculation was followed by a greatly increased export movement in breadstuffs. The speculation in
cotton has been generally toward higher prices. Business
circles reflect increasing activity in the distribution of merchandise, but at prices which leave only narrow margins for
proflts.
There is, however, a pretty general confidence in the
stability of values of merchandise, because in maay cases
they are exceptionally low and in others special influences
are felt or promise to be exerted.
Lard on the spot has declined, but at the close there was
more doing at 6-TOc. for prime City, and 6-95,(2) 6 -971.^0.
for prime Western, with refined for the Continent quoted
at 7-10(37-40. The speculation in futures quite broke down
on Tuesday, in sympathy with the failure in the corn market,
rather
and to-day the unloading of speculative holdings caused a
further decline, with sales of 9,000 tcs. at 6-9a(8i6-95c. for Oct.,
7"04@7-05c. for Dec. and 7-15a7-17c. for January.
DAJLT OLOBINQ FRIOBS Of I.AKO FDIUBBS.
o » » g * ^a:
" B » — 5 5° 2
e> p.? S o-gS
:
Sal.
5-
October deliverr
o.
o.
o.
December delivery
7-18
7-^5
7-32
Mon.
7-13
7-24
7-34
Tuet.
Wed.
Tliur.
714
70i
711
7-00
7-24
709
Fri
6-91
7-01
7-14
7-24
7-18
732
January deUvery
Pork has further declined, but at the close there is some increase in the volume of transactions, closing at $10 50 oo§ll for
old mess, $11 75 ccSlS 25 for new mess, $11@$11 25 for extra
prime and $i3 50a)§15 for clear. Beef has been dull; extra
packet, $9 50^ce§10 50; family, ?10S$13
mess, $1 75@|8 25
per bbl.; extra India mess, $17 50rf$20 per tierce. Beef hams
are easier at |13 per bbl., with a good business at the West on
the basis of this price.
Cut meats have sjld to a moderate extent at late prices,
but close dull and weak. Quotations Pickled bellies, S%(§
9c.; pickled shoulders, 6i^@634c., and hams, l()]4'<^10'^c.
Tallow is quiet but firmer at 5 l-16c. Stearine is quiet and
Oleomargarine is held at
easier at 8jj8^.^c. in hbds. and tcs.
7J^ q7Jic. Butter is easier at 19>g 25c. for creamery. Cheese
is easier and quiet at 83^@95^c. for State factory, full cream.
Coffee on the spot continues dull, and prices have had a
sharp further decline; Rio No. 7 is quoted nominally at 14c.
The sales to-day included 4,000 bags Rio No. 7 at 11-55^
11-65C., c. and f.', and 750 bags^do. No. 8, to arrive, at 12Jgc.
Mild grades have been fairly active at about steady prices.
To-day's sales included 500 bags Maracaibo at 18c. for good
Cucuta. The speculation in Rio options continues fairly
values, due to weaker
active, though at a further decline
foreign advices, which caused the "longs" to unload rather
Today an early advance, on stronger European adfreely.
vices, was partially lost, under '-firm" offers being freely
received on the losvest basis thus far this season. The close
was steady, with sellers as follows:
ll-40o.
ll-30o. Marob
13-50o. December
September
...11-450. April
Il-a5e.
12-35ii. Jauaavf
October
ll-25o.
ll-40i'.
May
ll-.'iSc.
February
November
;
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oaooxciotooirf^tccQcgML.^O'OCtototco'-'^to'Xrf^omacMeo^M
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(xctC'oa-OTX--iGcaof-'c;ic-'t<iMC<ir-(f.aio-JO--irf*'rf*a«'--JCOfvi
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'
Including a few minor items omitted in above table.
REPORT OF STOCKHOLDERS' AUDITOR.
Denter, Colorado, September 10, 1891.
To the Stockholders of the Denver & Rio Orande RR. Co
Gentlemen—I have made tlie Annual examination of the
accounts of the Company, in conformity with Article 13 of
the By Laws, dated July 1886, and have ascertained the correctness of the Balance Sheet for the year ended June 30
|
|
I
I
—a decline of 20870 points
Raw
for the week.
sugars have been quiet, and at the close were quoted
nominally unchanged at 3c. for fair refining muscovado
aed 3 7-16c. for centrifugal, 96 deg. test. To-day 20,000 bags
Futures were neglected,
Brazils, 85 deg. test, sold at 2i^c.
closing dull at 3-36@3-40c. for October and 3-26@3-30o. for
December. Refined sugars have been fairly active and steady
for the hard grades, but the soft grades are a shade lower, and
close easy; crushed quoted at 5,^5i^c. and granulated at 4%^
The lea sale went off at steady prices, though the offeri.%c.
ing was a fairly large one.
Kentucky tobacco has remained quiet, but prices are steadSeed leaf, though less active, has continued
ily maintained.
in good demand, and sales for the week aggregate 3,094 cases,
including 600 cases ^890 "crop, New England Havana, 18i(%
60c.; 154 cases 1890 crop. New England seed, 21@3r)c.; 600
cases 1890 crop, Pennsylvania Havana, llV^^lSc; 150 cases
1890 crop. Pennsylvania seed. 12316c.; 300 cases 1889 crop,
1891.
As a result of my investigation of the books and accounts, Penn., 10}^(c6l5c.; 300 cases 1890 crop, Dutch, 13@14c.; also,
and vouchers relating thereto, I respectfully submit, that in 800 bales Havana, 700.®$! 15 and 150 bales Sumatra, $2 a$3 25.
Refined petroleum is quoted at 6-45c. in bbls., 7-90c. in
opinion the Balance Sheet is a full and fair Balance
naphtha 5-75c., crude in bbls. 5-60c.
Sheet, and is properly drawn up so as to exhibit a true a ad cases and 3-95c. in bulk
and in bulk 3-lOc. These prices show a partial advance over
correct view of the Company's affairs.
Crude certificates have also imI have had access to all the books and accounts, and all those current last Friday.
Spirits
ftiplanationa or information called for from officers have been proved, selling to-day at 60(361c., closing at 60J^c.
tux,,entine is easier at 37>3@38c., but closes steady at the
promptly given and have been satisfactory.
decline. Rosins have been quiet but close more active at $1 35
Very respectfully yours, etc "
Wool is in moderate demand and firm.
(a $1 40 for strained.
Charles Wheeler,
Hops are selling fairly at about late prices.
Auditor for StockJiolders.
On the Metal Exchange Straits tin is slightly dearer, with
20-23i^c. for
sales to-day of 35 tons at 20-15c. on the spot and
—Foreign governments, railroad companies, bankers and the last half of October. Ingot copper is more tirmly held,
others wishing first-class bond or bank note engraving and but nearly nominal at 12-45c. for Lake.
Domestic lead is
printing in all languages, and finest stvle of the art, should not steady but quieter at 4-52)^0. The interior iron markets rerail to notice the announcement of the American
Bank Note port a more active business at hardening prices for pig iron,
Company on the back cover of the Investors' Supplement with muck bars and steel billets also improving; but little OJ
issued with this number cf the Chronicle.
no change in manufactured stock.
my
;
.
Sbptimbbr
THE CHRONICLE.
86, 1891.J
441
COT TON.
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
September
85,
1891.
M..
Friday. P.
cleared, at the ports named.
add similar flgures for
Thk Movemkst of thb Crop, as indicated by our telot^ramg New York, which are prepared for our special use by Messrs.
from the South to-niRht, is K;lven Ix-low. For the week on<liiin Oarey, Yale
Lambert, 84 Beaver Street.
this oveiiiiiK the total receipts have reached 216,886 bales,
On Shipboard, not eUartA—for
a«aitist IPa.O.V) bales last week and 93,190 bales the previous
Ltaving
week, making the total receipts since the Ist of Sept., 1891.
Sept. 25 a<Other
Oreat
Ooa*tStock.
Franee. foreign Miite.
Total.
506,023 bales, against 586,458 bales for the same period of
Britain.
180a, showing a decrease since Sept. 1, 1891, of 79,836 bajes
We
&
Haw Orleans..
Reeeipti
at—
Tun.
Hon.
Sal.
e,i9a IS,490
Qalveaton
£1 Paso. &o...
Orleans...
THuri.
Wtd.
I
I
8,494
4,923!
Mobile
Total.
1
1,496 14,489 19,478
3,319
a,470. 3,227
2,128
9,994 12,513
7,134
5,953; 10,572
51,844
»7
59,454
11,C»3
87
7,530 ll,9S»
655 3,261
I
New
Fri.
\
I
860
Florida
Bavaunab
Brunsw'k, Ac.
Oharleston
Port Royal.Ao
Wilmington
•,959
6,258
1.337
1,940
9.722;
3,353
5,540
3,947
3.327
3.479
1,069
1,455
1,09S
679
963
931
1.463
863
1,153
549
970
1,306
459
2.208
441
Norfolk
Weit Point...
New
87
35
6,255
7
8,166
4,317
592
341
69
156
250
96
90
York
Boston
Baltimore ...
1,337
19,588
1,549
N'wp'tN'8,*o.
241
369
371
61
2,114
61
Pbiladelph'a,,&c
315
101
315
1,036
..
..
Charleston
Mobile
Norfolk
..
.
8,470
4,350
15,386
30,344
5,000
3,600
None.
Other ports...
1,100
8,200
10,000
Total 1891..
73,830
8,520
81,557
Total 1890.
41,440
Total 1889.
* Estimated.
16,002
25.207
New York
6.873
1,410
None.
None.
None.
None.
5.000
5,000
None.
None.
None.
None.
800
None.
4,494
4.4U2
4.000
2,500
30.223
86,0U
4I,.'»02
None.
4.000
None,
None.
9,000
6,100
None.
5,100
14,000
15,000
53,148
74,332
24,841
11.084
5.387
140.336
12,011
20,189 .10,486
131.825
407,803
34.412
83.257
147.307
110.753
50,.'58O
5
991
7
Wa*'gton,*c
Ualvestou.
Savannah'
879
Total* thlt week 28.775 54.399 48,458 20,814 30.603 38,338 216,386
15,336
15,854
143,857
185.710
I
The speculation in cotton for future delivery at this market
has been exposed for the week under review to strongly
contending influences. Fluctuations in prices have not only
been wide and frequent, but at times the course of values
moved in direct opposition to what, under ordinary circum-
would have had effective control. Thus, with Liverpool lower, port receipts exceeding all estimates, and the
weather at the South very fine, the market would advance;
and again, with Liverpool and port receipts small, prices
stances,
For comparison we give the following table showing the
week's total receipts, the total since September 1, 1891, and
the stock to-night, compared witl^last year.
1890.
1891.
Reeeipla lo
Sept. 25.
;
ThU
51,844
87
59.454
11,692
141,643
..
50,580
Bruns., Ac.
1,237
19,586
5
6,255
7
3,166
4,317
121,853
3,961
37,513
5
10,933
24
15,759
10,670
New Orleans.
Mobile
Florida
Oliarleston
..
P. Royal.Ac
Wilmington
WasU'tn.Ao
Norfolk
West Point.
NwptN.,Ao
New York .
.
Boston
Baltimore. ..
Pliirdera,4o
Totals
ThU
Sin** S*p.
1, 1891.
Week.
Qalveston...
El Paso.dko.
Baraunah.
would give way. On Tuesday a sharp advance was caused
by a report that the acreage planted to cotton for the next
crop in India is 25 per cent below last year. In the meantime
letters
from the South insisted very strongly
private
Stock.
has
been
seriously hurt
the new
crop
that
and
with
better
report
from
Thursday,
a
on
Liver1891.
1880.
pool, a pretty strong bull movement set in, which carried
62,222 up prices with a good deal of vigor, and well maintained them
93,650
To-day a stronger report from Liverpool caused
to the close.
contracts to sell at 9'04c. against 8.57c. last Monday
116,287
54,334 January
afternoon. But the large receipts at the ports pointed to an
11,984
6,776
out-turn for the week exceeding the phenomenal movement
for the correspnding week last year, and the weather at the
83,332
61,903
South continued very favorable to the maturing crop. Sell816
ing to realize followed, in which the early advance was more
40,240
30,941
than lost. Cotton on the spot advanced J/^c. on Tuesday and
To-day the market was quiet at 8 ll-16c
3-16c. on Thursday.
294
130,069
28,987
341
869
871
61
2,114
216,386
Sine* Sep.
1, 1890,
Week.
45,476
93
40,941
9,161
371
42,885
3,365
29,064
141,444
295
98,837
25,681
586
132,192
13,427
38,139
33
48,197
23,372
7,161
69,397
8
18,756
8,454
7,271
11,094
10,327
1.806
11,698
24,390
289,864
The
789
691
609
292
40
12
995
167
173
3,199
17
160
60
390
155,236
7,000
5,893
5,135
506.622 211,522
586,458
529,638
22
1891.
1890.
Galv'Hton,&o
New Orleans
Mobile
51,931
59,454
11,692
45,569
40,941
Savannah.
W't Point, Ac
AI others...
50,580
19,591
6,262
8,166
4,958
4,152
42,885
39,064
13,435
18,758
8,746
8,965
lot.thlsweek
216,386
ainoeSept.l.
506.622
..
Oharrat'n.&o
Wllm'gfn,4o
Norfolk...,
1888.
1889.
40,105
48,711
12,214
43,300
23,416
5,586
9,358
7,582
4,000
1,562
2,756
1886
1887.
36,784
60,319
6,908
54,058
28,436
12,350
19,609
16,383
2,909
83,349
34,032
8,059
37,495
34,808
9,079
9,696
1,531
38,993
30,043
5,893
35,87a
13,406
3,789
7,322
1,648
2,338
211,822
191,833
138,399
238.745
156,405
536,453
472.799
303.931
9,161
1,606
3,841
654,7761 389,325
The exports for the week ending tills evening reach a total
of 56,679 bales, of which 36,335 were to Great Britain, 5,776
to Frsmce and 14,568 tothe rest of the Continent. Below are
the exports for the week, and since September 1, 1891.
Wuk
rrom
Znclint Sept. «5.
Stpt.
Exporttd to—
Ezportt
Oreat
OontiBrtt'n. Franct n*nt.
from—
OalTeston
Kaw OrUanr..
«.06d
ii.sn
1881. t« Sent. 88. 1881
Ejoporttd to—
Total
ar*at
Weik. Britain. Frana
0.068
4.888
1.
8.705
%i,1»l
4.820
4,880
20.488
80,897
Oonti.
nent.
Total'
t0.4S8
8,886
7,818
48.831
4.880
4,820
Uob.&Pcno'la
Baraunah
BrnniwHk
——
—
In order that comparison may be made with other years. w«
give below the totals at leading ports for six seasons.
Receipts at-
middling uplands.
total sales for forward delivery for the week are 733,200
bales.
For immediate delivery the total sales foot up this week
for export, 2,182 for consumption,
3,182 bales, including
in transit. Of the above
for speculation, and
bales
were to arrive. The following are the official quotations for
each day of the past week September 19 to September 25.
for
....
—
—
UPLANDS.
Sat.
5%
6'u
e-'is
7li8
7',«
7'i«
7H„
7ii„
aJg
GULF.
Fair..
STAINED.
8H1
9'«
978
10^4
7
'18
7»«
7^8
7-'8
6^
7%
8^
79|,
7\
715if
85,-
81*
8I9
8i«
9
9>8
s^•
9»18
s^•
lO'ia
10»l.
lOSiB
108|«
10
10
10^
1038
65,8
65,8
7\
TH
7»B
3
83g
T5i
Tb. Prt.
RIon Toes
5»i
Low Middling
7
Middling
713,8
7
713„
8I4
7i»
713,8
6i<
61a
6'6,e
7'3i.
8>8
8»18
8li,8
91*
96t
8
888
8>4
858
858
8^
8^
816,^ 8i6i»
8i3ia
Si'"
9S|8
97,«
97,8
9Si«
9ll,e 9''l8 9>ii. »"|8 10
ilOS.i 105,6 101,8 10',« 1058
lOil,. 1011,8 lOl",, 1013,8 11
^^lb.
8ll,g
8>'-ifl
mo n Toes Wed
63,8
658
7'a
Sat.
Good Ordinary
Strict Good Ordinary
7»8
938
84
,
6>«
7>8
9
Sat.
.•
6li«
65l8
9H
f lb
,
6,8
^^
lOM
Fri
|
5-'a
8»8
8 '8
8''»
Tta.
57,
63l8
7'i«
7»,«
7'»if
85„
8-<ifl
Fair
Ordinary
Strict Ordinary
G-jod Ordinary
S, riot Good Ordinary
L)W Middling
Strict Low Middling
Middling
Good Middling
ScrlotGood Middling
Middling Fair
nion Taes Wedj
9 lb. 5\
Ordinary
Strict Ordinary
Gjod Ordinary
Strict Good Ordinary
L>w Middling
.Srlct Low Middling
Middling
(ijod Middling
Strict Good Middling
Middling Fair
Wed
8>8
8»i«
818 16
9W
10
1
1058
11
Fri.
Tli.
5U„
551
6I4
7'«
5."
7.18
6 '18
74l6
8
7"it
UAHKET AND
SALKS.
The total sales of cotton on the soot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
sftme days.
Ctaarlatton....
WttmlDgton...
Korfolk
West l»oint...
Sport.Nwa.to
Jtew Vork
Boston
Baltimore
Phlla(l«lp'»,4o
Total
Total, 1800...,
I
M6
•88
1.868
1.885
8.874
8,271
787
S,MS 18.103
3,380
1.188
400
1.508
4.5S0
80 336
6,770
14 668
118.351
18,183
80,070
1,180
84.107 U5,S33 ~tIT.705
1,150
11,141
I.MS
810
1,188
rJK
«^Q
38.320
3.800
a.S3T
0,841
48,584
3.8-0
0.885
1.193
400
2.018
8,783
1,1D8
.,.,„..
60.8131
»m,ita
SALES or SPOT AND TKAHSrT.
SPOT HXREBT
CLOSED.
Export.
Saturday Eaay
Monday.. Dnll
Tuesday.. Firm at "e adv
Wed'day. Firm
Thursday Steady at »ie ad.
Friday... atoady
Total.. .1
Con- Spee-\Tran^ _
,
tump. uTt'nl tit. "»'"*•
.
707
234
424
707
334
434
300
300
317
3,182
200
317
73.200
117.400
145.500
94.200
154.400
138,500
2,182
723.200
;-oo
..'
Sate* of
Future*.
THE CHUONICLE.
442
The Sales and Prices of Futures
are
shown by
the
stock at Liverpool
Stock at London
following compieliensive table
5s
1 il
Monday,
Sales,
rnesday,
Sales,
rtinrsday,
Sales,
Sales,
Closing Prices
Closing Prices
Wednesd'y,
Saturday,
Sales,
Closing Prices
Closing Prices
Closing Prices
OD
1
9
a*
V
ID
H*
O f»
»®
KPT
total
Sept.
total.
total
total
paid
paid
paid
8p
S
:2iS ii:^M
e
c
«:'
2.:
:
e
;
.
K.
H^
•
:
2.:
1
:
(n
CO
•
&:
W
£»•:»
s
Q
at;
w5
o
1
0=
s;
<Xo
riT
^
^
o
en
on
il^
00
n
i
>
5
o
o
>
^
occo
2
cjiot
®
»
CO
^I Oi
1
1
^if-
5
OCOD
•qCi
®
COOilO'^
M
*?:
1
00
6 = 06
O t3
5
a,":
it^
OCODOCO
cc^ti
^oo w
coo ^
6«=i
-^
CO
CO
C-J
05
5
1
«oo
w
Oloooo
cot,
2
aooi"'
»».";
,
00003
^-0 S
^C. M'l
»
>»
s«:
1
aP:
o
cco c
)t>.
tcocto
^ H'Cpj;,
^,^'=>o
o« »- ICM
CO ? cc
tOM » MO
K.C--' MX
CO
1
§
1
«,'=:
tici^io
H-Hi'^r-
t*^
«»:
up:
c
XXOOD
xxox XXOX
iic>°*.
^-Ci®*.
1
1
1
«.":
M
CO
l^•
5^
6'£.
'^
ceo to 2
O.oi-''
p.":
-1
<»
1
1
ar":
1
«.":
coco^oi
2
ifcif^
XtOM^
a®;
1
X
o
xox
xxcx
ro-'i^ci
lic.^it:
A°a
o * 00
XX 5 XX 5 XX ^
-J6 2
Cif-W<
2
QC-j
h-CCO^
a.-':
1
,
1
>^
ai»;
1
0501
2
Ci^rf*.^
a.o;
CR
X
XXCX
xcx
obO-j ^x —
CI
c C.^ 05
XX ^ XX !J>
» C-q 2
CO
CiO
OC'^''
1
1
000 =
OJO t-
1
a*-:
Uif^
5^
X<1
9
-1 '- o>
ej^:
1
C»Ci
Ct
**
2
-^
ow •
80":
1
""™
coo
1
aP:
1
1
1
'^
>
»K- 2
o-
s
CO
3
s
s
s
M^-^rC<I 05
=cx
2
^
xci
A
XX ?
to
i^tf^
5'
2
"^
"«
"^
—o
c
X —
cop
"I
66'^c
^
T
o-j
•>
1
a.'-':
1
^
739,204
589,302
195,000
,^2'209
147,200
2S,000
12,000
335,000
28,000
31,000
18,000
200,000
27,000
78.000
35,000
11,000
116,000
14,000
78,300
45,000
10,000
401,200
521,200
842,508
351,000
7B9.204
689,302-
1,881.368 1,363,708 1,090,204
852,602
10S.2(IO
1,J80.168
compared with
61,000
89,000
253,782
66,94S
15,572
263,300
6d
6i»iid.
llisc.
10T,60
week have been
1888.
A.T THE Interior Towns the movement— that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1890 is set out in detail in the
»>.
t-i
^
—
following statement.
"I
t?
<»
&£
fi
o
h
^
s
(^
cox
>\
r~
CO
M^M
*- 01 O
M CO'^1 CT
tJ
c w CO O ^- X c:
tt-
1
60
o-l
IB
JCW
;
'-C-
o
COOiC^WOCCX-i**'
iffc<i
K.
^i ci
ic 00 to
t-*
c
(t-
WWy
MMH*CD
CiiOlpMCO;^
w M o: b' ci XO
V. C CO m'IU to X a Cj OC
c w CO oi c. O' c: ^1 '^ * 01 CO -J -^
a o to Ci to r- O" -^ O' to w 10 « tc CO
cp
CJ'
is
"-<
»*»
li^
rf*.
»
'^
Is
wtoc^w">>*- c O'Occ — to<ic;»"^xc;"r-^
c Vrc; tc^c c: M ** wc:
ccxcc^oicO'CiciC wc:C<IX'-c:cDa;xro
tOCOCODOXCSC-O- l^-v]C:'-'CiC'-lX'-COO:tOr-CC-^OCCOiOiOlX
CI
^-•10
(B
'^
:
15,8'Jl
812,50S
63,3.=)3
103,00ft
a.":
,
•>
1
19,291
1,480,168
235,000
60,000
130,000
251,477
46,866
1
1
"^
1
237,000
57,000
176,000
289,864
aa
«h-
1
—
516,000
211,000
110,000
529,628
108,211
5,329
to
IK
6<=to
C
CO ^ CO 5^
»
^
139,3CO
&i
C003
1-6
tox
2,000
25,000
6,000
7,000
The above figures indicate an increase in the cotton in sight
to-night of 517,660 bales as compared with the same date
of 1890, an increase of 791,16-1 bales as compared with the
corresponding date of 1889 and an increase of 1,023,766 bales
a.'^";
a.":
a,":
o.«:
CP
o
o 0>O ccco ccoo ccoo ccco cooo oooo
o l(lw«<i. *.^o^ to 00 = lb ioco®to -^0.1 --Co
w^ ». C'Cl w oo -1 •-lO
C0-1>
CI
CO X
CO ^ C-. s; cc >; cc 5 c c
c
^
ui^ a o» w » 0:0: ® CO- » to —
——
M
s
CO ' M^
c:-j
tox ^ — 05
Xa
a.t^:
».":
».":
«.>'!
9
B.";
o<
-q
c
to
1
o Sis
coo
occo
0,00
ccco
oooo
ojl Cti
CI o' — yi
c. = c.
coifl^to
to li "--=»-Q0
01
o X
<1
Co h^
(0
to <1
C ^1 01
CO ? CO ^ CO ^ 00 5' o'l ^ <a'v ^
cio.
mui
®
1
19,291
1^
ts
c
^
ax^(i)
iX 01
XX ^
=6 »
6,000
31,000
6,000
3,000
3,000 bales.
6'*-:
a
xcx xxcx
C3.3.53
4^d.
53i,id.
lOSgo.
Si'ioC.
PrloeMid. Upl.,New York
The imports into Continental ports this
It
1
i-to"'i-
?
1
1,
300
800
73,000
133,000
Total visible supply
Price Mid. Upl., Liverpool
5
»
XX ?
300
15.000
5.5,000
600,000 372,300
35,000
45,000
130,000
89,000
11,000
10,000
251,477 253,782
46.866 • 66,948
15,861
15,572
XotalAmeycan
t^
*..":
crjffl^c.
233,000
4,400
16,800
4,000
166,200
Total East India, &c
0-
«
200
4,000
106,000
3.000
25.000
4,000
3,000
462,000
2,300
14,400
5,000
1888.
14,000
>.
vCCW
1
3,000
300
7,000
169,000
11,000
60,000
7,000
33,000
219,liO(>
766,200
31,000
176,000
18,000
289,864
t-
i.^'^ti-
c:oi
1.5,000
1889.
43o,000
27,000
358,200
Continentalstocks
India afloat for Europe
Egypt, Brazil, &c., afloat
Nj
~I(^
000,000
3,000
..
Londonstock
3
h
730,000
2,900
50,000
18,000
2S,000
1,0*8,200
28.000
IndlacottonalloattorEurope.
Amer.cotfuafloatforEiirope. 110,000
12.000
Egypt,Brazll.ii-c.,aHttorE'r'pe
.'|29,628
Stock in United States ports..
108,211
Stock in U.S. interior towns..
5,329
United States exports to-day.
Total American
EoMi Tvdia^i, Brazil^ dc.
Liverpool stock
S«l
"^
er>:
1
«y:
'^
1
Trieste
TotalEuropean stocks..
c»
"j-j^-j
CO CI
2
Xr-^
Barcelona
C+f-_3;
1890.
57'2,000
—
tito^w
a.":
14
Marseilles
Aynerican
bales.
Liverpool stock
Continentalstocks
American afloatfor Europe...
United States stock
United States interiorstocks..
United States exports to-day.
<»
objb^ob
600
a."';
(**-C>
».;
^
xo.
<i^ »
3iW ^
oi»:
-It.
1
CbcC^tO
2
"
•-
OCCI-''^
1
at
at
at
at
1891.
711,000
19,000
1,881,378 1,303,705 1,090,204
Total visible supply
852,602
Of the above, the totals of American and other descriptions are as follows:
5
2
»
--=0
'
b3
1
t(^
6
CO
XX
a."":
tco^ob
cc ^ CC ^ CO $ oc
*•• 2 lAci 2 uto 2 to—
^ QOCO
MO
coo
<?_S1
"»c
XXCX
XXOX xxc«
ex ^ XX
oo
^to
1
1
o:«°w
—
=
CO
c
CO
xxox
XCOX
xxox
x»c»
"l
:
1
2
"
.
a.-":
-I
^
W^ hS CO
XX ^
^
»^^ ® MO 2 CO »
1X03
coco
K-CC
10 03
fS K»
9«;
ai
a
ar;
or;
-1
-1
O
V
o>
O ^s ©CO CD ccoo ococ occo coox
K'
5.-
cic;i
.^
2
XX
66
CiC
XX 5^ XX
» -6
-0
CK'
«>-x>-.'<
xxoop
1
c. CI
8
i6°6
to
t>.
-vJlO^'^
Easier.
73,200
9-32
xco
CI
xxcx
M
c
to
C C O lO occ o oooo occx
o totj^to iii'^M c.i«6 c.-°c
tco y K^C M xo o t;^03 X
cc 5 CO ^ CO 5^
M
:
XX 5 XX
to
2 coto — 2
MV
*
(*•*-
«:
'
ifrto-.i-'
1
ft."':
<i
CCOQO
o« ^
2
^
to
1
acocco
wti^to
CO
XW X too)
^ XX 5 XX
to
»
"^
ifcXM"'
a,":
s.o:
^ cc» 5 aoo 5
;:'to
H
Ki
106
0000
0000
u-o
2
*--''>
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Total Continental stocks
Steadv.
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paid
8e])t
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total.
total.
Sep
paid
bales.
Total Great Britain stock.
Stock at Hamburg
Stock atBremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Friday,
Sales,
Closing Prices
[Vol, LIU]
1
to-jcxwx^-^to;
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-37pd. toexcb.
SOOOct. forDec.
S^S^'^^^T'
wV
«
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H
to
od'u»%
00 1
».i
CO o:
w X to *— —
ie**>^
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s-
A X Mx'co <]"*£'i* Vi h- ir o
o>xcO'-'^c*;Oi"^Ci ^-towoxco — 'ii*-xwcO'-j:ox--Ja'to»-^i
Oc;'cocowc'c;»h-totcxc;tccj"XCO'0'tooc:cc^o;ostf^oiOt*»©'-
"co
So
'
The following exchanges have been made during
CCOi
xVoi'j^ cc WVOS X^t-ClV- O fb- 0: *o o o« <i 01
to'co »- 01 U"
OXXWa:*.J--X--DC;C':t-"-J*CMCX<-'W'-*'XtOCCDO;-T*-Otfctt»OWCiOlCOWOWi— OtOOSOJ>-'*iCWOi~lCO*^lC'-'OC. occxtocc
—
We liave included in che above table, and suall continue e»cti
give, tUe avera'.re price of futures each day for each month
It
will be found under each day following the abbreviation '• Aver "
The
average for each month for the week is also given at bottom of t*ble.
••JJpd. tocich. 100 Dec.fjr Jan.
to eich. oOO Jan. for Feb.
tOWtO
oscoo;c<i'i;<'t*:c;C:^^'ioo;c,''*'- b»
?
<
week to
•IS pd.
0«0S
%'^
•
«^
la:
cooo
1
:
10
COCDOCO
cow
<
E>
M C- 03 =0 1* X-
C<j»t*o;xcicocto,
®
toto
<^S
:
to
;
'rc^
(OOi'-'M
tOb3t-i
-"10
tOUCiCOtiICO
yc:tO'-*w«f*xca'Cox->io — X -]toxio-OipfcCn'"CCf— toa'CiC;ooxcorotoccc; 01
ctocnxt»^xi*--^i*-c:^ii-'OCotoO''i
OXOXp*^**O«i»-'OC0iWt0tiOC0cD0'0iC0C0OOX(t^-JX-JO-^
the week:
'08 pd. to erch. 1.000 J'ne for Julv
-38 pd. to exch. 5i)0 Oct. for Dec
••*» Pd. to exoh. 500 v,
Oct.
i. for
mi ±^t.i,.
Dec
-§
'
w
01
CO
w'Vo'.s. OS 1^ cj
K
c;"
•
t'.trO'CCCDCO'-DXtO;
c; "f^ >*» ffi— ocj'ij
c
93
o- l-^^ococcc:V'^o to*-cC'tkCiCo'^ wVjxxx
-; O;^-O^CtUU0l-Jt0l0OtOXU'X-4CC0O
!* co-'C<iO'C'^xcoMrf>-0'J^Cj;c?'xxto
|
Thk Visible Supply op Uotton to-night, as made up bv cable
and telegraph, is as follows. The Continental stocks, as %vell as
those for Great Britain and the afloat are this week's retarn.s
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-nigut iSept. 23), we add the item of exports
from
«te United States, including in it the exports of Friday only.
*
t
Louisville figures " net " In both years.
This year's ilgurea estimated.
/,
The above totals show that the mterior stocks have increased'
during the week 23,051 bales, and are to-night 44,858 bales mora
than at the same period last year. The receipts at all the
towns have been 16,411 bales more: than the same week last
year, and since Sept. 1 they are 14,009 bales more than for the
same time
in 1890,
September
THE CHRONICLR
36, laOl.l
448
Wratkeb Reports by Teleoraph.— Reports to us by telQOOTA.TION8 FOR MlDDLlNQ COTTOS AT OTHER MaKKKTH. —
Below we give closinK quotatious of middlitiK cotton at South- egraph from the South this evening indicate that except id
of
the
lor
each
day
week
ern and otlier priiioii>»l cotton markets
some portions of Texas the weather lias been dry over almost
Cbosuia qooTATioxs roa midolino oortox on-
Wetk eniling
Ai7)(.
25.
Hon.
Salitr.
Galveston
Orleaus
Mobile
Hew
8ii,
8%
8%
??'«
8»8
7ag
6avaiiuah...
Charle-ston.
Wlluiingtou.
Norfolk
Bostiin
Baltiiuora...
Memphis
7»8
7HI
8
8^8
89s
8
8
8!>e
8»»
..
T'a
T'a
...
Ctuciiinatl
«»i«
8<i«
V>
7\
7!k
7Ai
7\
759
8
7''«
8
8
8^18
9
8^8
The closing quotations to-day (Friday)
8'is
8%
81*
8 '4
8»»
8»8
8 '4
B'h
838
8 •'8
Fri.
7i5|»a3
r*
8k
84
8»a
899
..
Ij'>alsvlllf>. ..
8»i«
e^
SH
85i
8 '4
IJ'«
Louis
Bt.
8>4
8i«
8^
83»
ture,
Thuri.
8>«
8H1
838
8^8
8^»
8-^
838
85fl
838
at other importaui
Southern markets wore as follows;
Atlanta
Columbus, Oa.
CohMubLi8, Mlas
Eulaula
Little
8''e
Rock....
8ifl
7^8
Montsomery.
H
Nashville
8>8
8>e
8
Natchez
8%
.
Newberry...
Kalelgh
738
Selina
Shroveport
Receipts From the Plantations.—The following table
Indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
Wtek
lUceipU at the Parti. St'k at Interior 7V>wru. Ree'ptt from Plant'ni,
1380.
Alw.
31
88
aept. 1
"
11
18
S».
"
••
1S90.
1
6.&3«| 14.296
27.709! 42.810
87.453
91,1(94
1
1891.
1890.
18S9.
17,894
7.207
31,489
8.7S7
8:.589 84.438
lM.3n8, 98.190
19.S03
28,808
II.lBo
188,34S 17!.70S'16».055
loi.ca'ati.sez 216.S80I 48.81)8
...
8.981
11.979
31,448
1691.
1889.
82.978
52.001
8.149
19.129
88.024
87,866
1891
1890.
28.501 86,680 99.896
40.998 86,180 141,»S7
88.133 108.211 207,504
ie.8»g 17.004
48.826 80.466
100.884 54.616
131.421 los.rm
188,008 177.585
284.479 239,437
—
The above statement shows:
1.
That the total receipts from
the plantations since September 1, 1891, are 539,904 bales; in
H90 were 633,241 bales; in 1889 were 508,106 bales.
2.
That, although the receipts at the outports the past week
were 318,356 bales, the actual movement from plantations was
239,437 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantations
#or the same week were 234,479 bales and for 1889 they were
—
207,504 bales.
Overland Movement for the Week and since Sept. 1.—
statement showing the overland movement
for the week and since September 1. As the returns reach us
We give below a
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given.
This weeldy
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Sept. 25
«nd since Sept. 1 in the last two years are as follows:
1891.
SepUmber
25.
Week.
Sept.
1.
Since
Week.
Sept.
1.
eiiin/iefl—
vkst.
Loui.'i
Via Cairo
ViaEvansville
Via I.ouisrtllo
J>citucl sliipmenis—
Overlanil to N. Y.,
Boston, &o..
2,813
3,569
2,506
71
J,516
l,02g
1,236
11,069
5,994
5,849
2,532
4,704
4.G13
7.330
6,43J
2,251
96
3.669
493
2,532
2,487
1,077
2,590
12,738
31,696
13,721
2,915
1
203
832
1,(106
6,6a9
229
725
639
towns
912
Inland, &c.,fi'0in South
2,561
4,672
1,221
6,253
1,809
1,194
5,929
Total to bo deducte9'...i.......
6,391
12,152
2,763
7 7lil
Leaving
6,347
19,544
10,958
30,189
Hetween
•
intorior
total netoTerisnd*..
Incluiiing
movement by
Canada.
The foregoing shows that the week's net overland movement
*his ye.ar has been 6,817 bales, against 10,958 bales for the same
•week in 1890, and that for the season to date the aggregate net
•overland exhibits a decrease from a year ago of 655 bales.
rail to
1891.
In Sight and Spinnerf
lakings.
Week.
Sept.
feec-ffipts at ports to Sept. 25
216,386
Vei overland to Sept. 25
6,347
Southern consumption to Sept. 26 12,000
Total marketed
lEti ilor Btoiilfs in
..<...
excess
•....
234.733
23,051
imp into sieht dnviae week. .257,784
tiiiyt. -5
Tf
will be seen
1.
Since
Wetk.
Sept.
1.
506.622 211,522
19,544 10,9581
40,000 11,000;
596,458
20,199
41,000
572,166 233,4801
62.282 22,957|
647.057
48,783
256,4371
jtaliuBishl
Xorth'n j pinnera tat'ffs to Sep. 25
1890.
Situe
624,448'
1
73.854'
'
.
G9t;.410
ma. 19
1
by the abuve that there has come into si^nt
ngthe week 35r,78t bales, against 356,437 bales for the
Mi: week of 1890, and that
^
the decrease in amount in^sight
t.>uight as compared with last year is 71,993 bales.j
'
'
'
'.'„
—
>
'
to my estimate of the cotton crop of the State of Texas, at fifteen to twenty per cent less than that of last year— inclining
towards the latter figure. In many spots throughout the
State, not confined to any particular districts, the corn crop
is a very poor one
amounting to not more than one-half of
an average yield. In precisely these identical spots, the cotton crop is likewise very poor both resulting from the same
cause deficient moisture, and consequent stunted growth and
imperfect development. Tne silly reports about caterpillars
current a while back, have completely died out, and so have
those about boll worms, though in a few sections there has
been some little damage by the latter. Drought has been the
trouble— not insects. Average thermometer 77, highest 90
and lowest 64.
Brtnham, Texas.
have had hard rain on five days of
the week, stopping picking and all other work. The rainfall
reached two inches and twenty-four hundredths. The thermometer has averaged 79, the highest being 93 and the
lowest 66.
Belton, Texas. There has been rain on four days of the
week, to the extent of ninety-four hundredtlis of "an inch.
The thermometer has averaged 79, ranging from 60 to 98.
Weatherford, Texas.— We have had one light shower the
past week, the precipitation being five hundredths of an inch.
Picking is active. The thermometer has ranged from 58 to 94,
—
—
—
—We
—
1890.
Since
whole cotton-growing region. This, with high temperais causing cotton to open rapidly, and has been favorable
for its speedy picking.
Oalveston, Texaa.—We have had hard rain on five days of
the week, the rainfall reaching two inches and flfty-four hundredths, The thermometer has averaged 77, the highest being
87 and the lowest 67.
Palestine, Texas.— There has iDcen one shower during the
week, the precipitation being twenty-four hundredths of an
inch. The thermometer has averaged 76, ranging from 62 to 90.
Huntsville, Texas.— It has been showery on one day of the
week, the rainfall reaching twenty-four hundredths of an
inch. Good progress is being made with picking. The thermometer has ranged from 68 to 93, averaging 79.
San Antonio, Texas.— We have had liard rain on three days
of the week, retarding picking. The thermometer has averaged 77, the highest being 90 and the lowest 64.
Luting, Tejas.— Picking has been interrupted by rain,
which has fallen on three days of the week; but no other
harm done. The crop in this and adjoining counties is good,
though the top crop will be very poor. The rainfall reached
one inch and ten hundredths. The thermometer has averaged
79, ranging from 06 to 93.
Columbia, Texas. There has been a deluge of rain on one
day of the week, stopping the gathering of the crop. The
precii)itation reached two inches and thirty hundredths.
The
thermometer lias ranged from 63 to 90, averaging 76.
Cuero, Texas.— The weather has been dry all the past week
and picking is active. Average thermometer 83, highest 94
and lowest 70.
Dallas, 'Texas.^-The weather has been dry all the week.
Many sections of the State have had equinoctial rains, which
seem to have done no harm except interrupting picking.
Despite the increased acreage of six to seven percent, I adhere
tlie
WMllM.
i^•
8>«
7»8
7»i
708
8%
Phllaaelphia
Aiii{ii»Ca..
Tuet.
averaging
76,
—We
New
Orleans, Louisiana.
have had rain on three days
of the week, the precipitation reaching two inches and thirty
hundredths. The thermometer has averaged 78.
S/ireweport, LoMtsiana.— Cotton cannot be benefitted by
rain; the top crop has been badly injured by thodry spell. The
week's rainfall has been seven hundredths of ah inch, on one
day. The thermometer has averaged 78, the highest being 91
and the lowest 65.
Columbus, 3Hssissippi. There has been no rain all the
week. The thermometer has averaged 79, ranging from 64 to
—
94.
Leland, Mississippi.—^The weather has been hot and dry all
Cotton crop is claimed to be quite short.
Vicksbitrg, Mississippi. Telegram not received.
Clarksdale, Mississippi. The weather has been warm, dry
and favorable all the week. Picking i.s making good progress
and cotton is being housed rapidly, but almost none is being
ginned or marketed.
Helena, Arkansas. There has not been enough rain to lay
the dust since the 33d of August, and none at all the past two
weeks. Hill crops are drying up. Cotton is opening rapidly,
and except in low lands is nearly all open. The thermometer
has averaged 75'5, ranging from 64 to 92.
Little Rock, Arkansas.
Telegram not received.
Memphis, Tennessee. The weather has been hot and dry all
the week; no rain since -September 10. The drought has
caused cotton to open rapidly and to shed forms and small
bolls on uplands.
The outlook in bottoms and for late cotton
h.is improved.
The thermometer has ranged from 68 to 95,
averaging 81.
Naslwille, Tennessee. We have had n© rain all the week.
Average thermometer 70, highest 98 an 1 lowest 61.
_
Mobile, Alabama. Reports are still unfavorable, vitality
hav».
having been much impaired in various sections,
the week.
—
—
—
—
—
—
—
_
W«
;
THE CHUONICLE.
444
[Vol, Llll.
—
Alexandria Receipts and Shipments. Through arrangerain on two days of the week, the rainfall reaching
twenty-eight hundredths of an mcb. The thermometer has ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
averaged 79, the highest being 91 and the lowest 67.
Montgomery, Alabama.— The weather has been hot and dry the movements of cotton at Alexandria, Egypt. The following
rapidly. are the receipts and shipments for the past week and for the
all the week, and cotton is being picked and marketed
The crop, however, is reported short. No rain has fallen the corresponding week of the previous two years.
past twelve days. The thermometer has averaged 78, rangmg
Alexandria, Egypt,
Irom 65 to 94.
1891.
1890.
1889.
,
,
„ .,
i
September 23.
Selma, Alabama.— The weather has been clear all the week,
has
thermometer
The
headway.
Receipts
rapid
(cantars*)
picking
makes
and
This week
70,000
100,000
60,000
ranged from 66 to 94, averaging 80.
119,000
Since Sept. 1.
226,000
107,000
Auburn, Alabama.— Cotton is practically made, and tne
Since
ThU Since
Thit
This
Since
yield will be small compared with last year. All other
week. Sept. 1. week. Sept. 1.
week. Sept. 1.
crops are doing well. There has been no rain all the week.
Average thermometer 74-9, highest 91 and lowest 57.
Exports (bales)—
8,000
To Liverpool
2,000
8,000 14,000
6.000
9,000
Madison, Florida.— The weather has been favorable for
To Continent
1,000
3,000
1,000
extent
3,000
1.0001
3,000
the
gathering cotton. Bain has fallen on one day, to
has
thermometer
of seventy hundredths of an inch. The
3,000 11,000 9,000 17,000 7,000 12,00O
Total Europe
averaged 79, the highest being 92 and the lowest 59.
• A oantar Is 98 pounds.
Columbus, Georgia.— There has been no rain during the
week. The thermometer has averaged 83, ranging from
Manchester Market. Our report received by cable to-nigh t
69 to 89.
from Manchester states that the market is steady for yarns
past
the
all
weather
have
had
dry
We
Savannah, Georgia.
and quiet for shirtings. Merchants are not willing to pay
week. The thermometer has ranged from 64 to 89, averag- present prices.
We give the prices for to-day below, and
ing 76.
leave those for previous weeks of this and last year for
Presunfavorable.
Accounts
continue
Georgia.
Augusta,
comparison:
ent conditions point to a falling oflE of from twenty-five to
1891.
1890.
thirty per cent from the prospects of three weeks ago. There
has been no rain. Picking is making good progress and cotOoWn
Cott'n
8I4 lbs.
32» Cop.
BM, Ihs.
Mid. 32» Cop.
Mid.
ton is coming in freely. Average thermometer 77, highest 93
Shirtings.
Twist.
Shirtings.
Twist.
Vplds
Vpldt
and lowest 68.
Charleston, South Carolina.— There has been no rain all the
s. d.
s.
d.
d.
d.
d.
s.
d.
d.
d.
8.
d.
week. The thermometer has averaged 77, the highest being A'g31 6%
5 8i«S6 lO^ 47„ 8>9 «8\
6 b tDl
63»
" 28;6'8
5 8 -97
4»18 8I9 «8^
6 4»aa7
63„
89 and the lowest 64.
4^8
838 »8»8
®7% 5 9 «7 1
6 4>«a7
5i»i«
Stateburg, South Carolina.— It rained lightly on Wednes- 8ept.4,7
4 '8
" 11|7'4 a>7''8 5 10 a7
838 WSOs
6 41a 317
day night, the precipitation reaching nine hundredths of an
" is!?^ «7% 5 9>«a7 1
838 »8»8
6 4i«a7
5lSi«
The thermometer has " 25i7i8
5 9 -a>7 1
4\ 838 «868 6 4>aa>7
513^.
inch. Picking is progressing well.
averaged 74'5, ranging from 62-7 to 85'5.
all
the
Exports op Cotton Goods from Great Britain.— Below
Vf'ilson, North Carolina.— There has been no rain
week. The thermometer has ranged from 60 to 88, averag- we give the exports of cotton yarn, goods, &c., from Great
Britain for the month of August and sinse October 1, in
ing 76.
T'he following statement we have also received by telegraph, 1890-91 and 1339-90, as compiled by us from the British Board
at
3
named
rivers
at
the
points
of Trade returns. It will be noticed that we have reduced
howing the height of the
the movement all to pounds.
o'clock September 24, 1891, and September 25, 1890.
had
1
—
—
—
m
aept. 24, '91. 3«pt. 25, '90.
Feet.
Feet.
3-7
4-7
4-5
14-7
8-2
3-8
14-8
Above low-water mark
Above low- watermark.
Above low-water mark.
Above low-water mark
Above low-water mark.
Kew Orleans
Memphis
Nashville
Bhreveport
VlcksburK
11
0-8
60
—
India Cotton Movement prom all Forts. The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Sept. 24.
bohbjlt beoeipts aud shipments fob foub teabs.
lom<tl dread.
000<
1890-91 1889-90
Shipmentt tince
lhi$ week.
Sept. 1.
Brifn. nent.
Ortat
Britain
Total.
1.000
2,000
4,000
3,000
3,000 3,000
1891
1,000 1,000
1890
2,000
1889 2,000
1888 2,000 3,6o6 5,000
Continent.
Thi$
Week.
8,000
7,000
12,000
16,000
4,000
3,000
5,000
3,000
23,000
14,000
14,000
10,000
'
Shipmentt for
ahipmentt $inee
the leeek.
Continent.
Oreat
Britain.
Total.
Calcutta—
1891
1890
1891
Sept. 1.
Continent.
Total.
i;6o6
1,000
1,000
l,00O
2,000
Madrasi'ooo
i',6o6
5,000
12,000
3,000
2,000
8,000
14,000
2,000
2,000
1,000
1,000
3,000
3,000
8,000
18,000
5,000
4,000
13,000
22,000
2,000
2,000
1,000
2,000
3,000
4,000
13,000
31,000
9,000
7,000
22,000
38,000
1890
All others-
1891
11890
Total
D«oeinber...
Lbs.
98,061
99,490
90,110
Tot.lst quar.
70,286
67,468 1.299,790 1.247,042 246.171 220,202
January
20,043
22,741
23,611
Norember.
.
February....
24.421
21,214
81,380
82,481
316,427
287,670
78,355
99,378
84,632
67,481
104,121
101,966
109,109
104,648
64.965
80,246 1,284,527 1,217,027 243,
308,142
1
88.87S
i
299,744
June
22.763
20,898
20.494
Tot. Sd quar.
64,15'
Total 9 mos.
199,8'iH
April
May
July
23,192
21,920
Anirast
32.900
22.66;
895,714
381,479
411,499
77,936
470,574
387,204
391,898
89,293
74,328
624,569
587,414
98,862
94,258
91.110
100,968
114,96»
95,466
1,144,391 1,273.771 220,076241.554
2S4,230l
311.377
3,708,708 3,737,840
692,254
908,799
898,791
468,626
482.895
87,026
102,194
108,946
87,836
102.708
110,403
1,652
1.787
22,732
23,018
25,675
21,130
410,801
414.989
BtooklDga and socks.
Sundry articles
21,351
Total exports of cotton mannfaetnres
'1,188,702
The foregoing shows that there has been exported from the
United Kingdom during the eleven months 1,136,702,000 lbs,
of manufactured cotton, against 1,142,659,000 lbs. last year, or
a decrease of 5,957,000 lbs.
further matter of interest is the destination of these
exports, and we have therefore prepared the following
statements, showing the amounts taken by the principal
countries during August and since October 1 in each of the
last three years:
BXPOETS OF PIECE 03003 AND TAEX3 TO PRINCIPAL 0OUNTEIB3 I»
AUGUST, AND FROM OCTOBER 1 TO AnGtJST 31.
A
October I to
Aug^LSt.
Pieci Oonds.
A ug. 31.
(000s omitted.)
totals for the
week show
that the movement from
is 1,000 bales less than the same
For the whole of India, therefore, the total
shipments since September 1, 1891, and for the corresponding
Bombay
the ports other than
week
413,715
447,120
356,192
412,652
423,178
428,797
Total 6 mos. 135,221 136,714 2,564,317 2.464,06U 489,348 450,700
aU-
1891
1890
The above
Ua.
109,698
97.835
108,898
Lbs.
85,130
71,7»S
86,218
Since
Sept. 1.
According to the foregoing Bombay appears to show
an increase compared with last year in the week's receipts of
1,000 bales and an increase in the shipments of 2,000 bales, and
the shipments since Sept. 1 show an im re%se of 1,000 bales,
The movement at Calcutta, Madras, and other India ports for
the last reported week and since the 1st of September, for two
"Other ports cover Ceylon,
years, has been as follows.
Tuticorin, Kurrachee and Coconada.
Oreat
Britain.
1839-90
1890-91
28,247
23,B14
20.307
Ootober
ros.
449,484
394,910
455.396
Lbs.
Seceiptt.
Total.
7,000
5,000
8,000
13.000
Yds.
42:^446
427,762
395,834
Lbs.
74,814
75,578
69,812
Total 2d qr.
Tear Oreat Oonli-
1889-90 1890-91
1890-91
Lbs.
34 .sen
83,042
22,648
March
Shipmenit
lotal of AVL.
ommei.
last year.
periods of the two previous years, are as follows:
EXPOKTS TO EUBOPE FBOM ALL INDIA.
1891.
East Indies
Turkey, Egypt and Africa...
1890.
1889.
1890-91.
1889-90.
1888-89.
All other couti tries
187,584 222,314 178,820 1,9TO,2I4 2,078,525 2.184.188
8i4,8la
584,237
57.597 61.28M 82.519 669,42"
512,188
4»,^82 53,884 38,628
566,044
588.331
324.527 343.2U0
25,708 29,264 32.046
318,490
48,80'
47,860 58,776
463,393 483,202 484,183
286,029
300,174
24,258 27,358 26,874
281,290
295.08S
273.7811
23.173 21,146 25,919
205.841
Total yards
Total value
414,989 162,894 416,581 4.534.498 4,659,3E8 4,869,093
£4,390 £4,899 £4,343 £49,001 £48,616 £47,837
China and Japan
Europe (except Turkey)
America
North America
Soutli
Tarns.
1891.
1890.
1889.
Shipmentt
b> all
Europe
from—
Bombay
All other ports.
Total
Ihit
week.
3,000
3,000
6,000|
Sinet
Sept. 1.
•
Thit
week.
Since
Sept. 1.
Thit
week.
Sinet
Sept. 1.
8.000
22,000
1,000
4,000
7,000
38,000
2,000
6,000
12,000
41,000
30,000
5,000
45,000
8,000
83,000
(000s omitted.)
Holland
Germany
.
. .
Oth. Europe (except Turkeys
Rastludles
China and Japan
Turkey and Egypt
All other countries
Total lbs
Total value
2,832
2,124
3,910
4.574
8,973
2,956
1,013
2,489
2.414
4,202
4,274
3,854
2,948
21.881
20,904
723
£944 £1.013
2.930
2,981
4.485
4,2SI)
2,388
2,78(1
901
20,710
SiVA'
29.657
29,767
51.345
48,546
37,747
31,455
10,648
229,186
£10.<34
82,850
31,354
61.233
45,444
37,113
35,788,
28,351
9,16H!
31,MJL
32,6"
51,4«
49,71fl
22.89n|
10,^1
234,189 ~S35,i
£11,150 £10,7
Sktbhbbr
THE CHRONICLE
38, 1801.]
JUTK Butts, BAOOlNa, &C.
—There
446
SapH
hoH been a very fair
and the market is firm. Bales of the week
bales.
Of which exporters took ..
Prices are as last quoted, viz.: 5%o. for IJ^lbs., 6>ic. for 2
or which speculators took.
The market is strong for Bitlen American
lbs. and 0%c. for standard grades.
export
jute butts at former prices, but transactions have been light. Actual
Forwarded
Quotations to-night are l-30c. for paper grades and IJ^c. for Total stock— EHlimated
demand
bagging
for bagging the past week,
qualiies.
East India Crop.— The following is from the Bombay
Company's Cotton Report, dated August 14:
Diirtne thn last fortnigbt tbe reports from the (Ustrlcta have been
favoralilo. and siifllcleDt rain has now fallen Konorally. The following
arn the reports In dctatl
B«)i(/«/.— Ill nearly all tho districts the weather has been most seasonable, lind the plimt^ are reported to be doing well.
Bcriirs. — X break In the distrlots almut Khamxanin would be welcome,
but on tliii whole the plautH are lIoiirlsliliiK.
Uadrat —Col ton sowing has Keiiomlly begun, but more rain Is needed.
Broaelt.—VhH plant'* look well and weeding has tUready oommeiieHd.
/>/toi/era.
-Cotton sowing goDeraU but In the low grounds a break
needed.
On the whole, although the rain
ooosUlerea siitisfuctory.
Is late,
may
the prospects so far
Is
be
—
BHiPPiNa News. The exports of cotton from the Uniteo
Stales the past week, as per latest mail returns, have reachno
4,!,4.51 bales. So far as the Southern ports are concerned, these
»re the same exports reported by telegraph and published in
the CHKONICL.E last Friday. With regard to New York we
i iclude the manifests of all vessels cleared up to Thursday,
Tolalbalen'
New York—To
Llverpool.perateamers Alaska. 2.516
City
of Chicago. 1.762. ...Kunlo, 3,524. ...The Queen, 1,448....
Umbila,893
10,143
To Hull, per steamer Hindoo. 1.000
1,000
To Havre, per steamer La Bretagno, 787
787
To Bremen, per steamers Fiilda, dOl
Saale, 564. .Spree,
366
1,431
To Hamburg, per steamers GeUert,250
Moravia, 1.000..
1,2S0
To Antwerp, per steamers Apollo, 200 . Rhynland, 352.
552
New Orleans—To Liverpool, per steamers Wm. Cllffe, 352
Yucatan, 3,600
3,952
To Ha VI e, per steamer Marseille, 8,377
5,377
To Antwerp, per steamer Marseille, 300
300
Galveston— To Liverpool, per steamers Amethyst, 2,974
.
.
West PeiNT—To Liverpool, per steamer Pat han, 3,274
BosroN— To Liverpool, per steamers Bostonlan, 314
lonia, 1,002
..
10,498
3,274
Cata-
Ottoman. 332
1,648
Liverpool, per steamers
Kos-imore, 1,403
Nova
Scotlan, 1,002
2,405
To Bremen, per steamer Dresden, 834
The
834
_
Total
43,451
...
particulars of these shipments, arranged in our usua
1
form, are as follows:
Bre-
Liver-
Hull. Havre, men.
pool.
10,143 1,000
787 1,431
3,952
5,377
10,498
3,274
1,648
2,405
834
New York
N.Orleans
Galveston..
West Point
Boston
Baltimore
Total
31,920
1,000
6.164
Amount
afloat
Of which American
70.000
3,000
9.000
56.000
2,000
68,000
790.000
592.000
Sept. 20.
53.000
4,000
49,000
2,600
400
4.000;
41,000
6.000
64,000
746,000
551.01(0'
16,01,0
20,000
12,000
43,000
28,000
70,000
60.000
l.-i.OOO
30.000
.'..OOO
.'^0.000
711.000
616,000
29.000
14.000
00,000
80,000
The tone of the Liverpool market tor spots and futures each
iay of the week ending Sept. 25, ana the daily oloaing prices
of 4pot cotton, have been as follows:
SeUurday Xonday. Tuesday. Wedne*. Thursday.
apot.
Market,
et, I
1:45 p. «l
Steadier.
Market,
I
1:45 P. M.J
Market,
4
P.
*H
4%
10.000
1,000
12.000
3,000
Burst
Ptrmat
Bsflr al
2-04 de-
Finn ut
l-e4oa-(M
advauce.
cline.
advance.
cline.
Barely
steady.
)
M.
44t
8-04 de-
500
Steady.
Harden'ff.
12,0«o
1,500
4^
7,000
& exp.
Puturet.
Friday,
dolnic.
8,000
1,000
5,000
Sales
Spec
In bnyera'
f»Tor.
4\
4%
Mld.Upl'ds
Pair
business
500
Steady
si
Firm at
oart tally
UMiulv.
gnlet but Quiet and Very firm.
steady.
Steady.
vanoe.
Steady.
J
The opening, highest, lowest and closing prices of futures at
Liverpool for each day are given below. Prices ara on th e
basisof Uplands, Low Middling clause, unless otherwise stated :
^P" Tlie prices are given in pence
4 63-64d., and 5 01 m^ans 5 l-64d.
and
Thus : 4 63 meant
64(A.
.
Venus. 7,524
Baltimobe— To
Of which Americiin— EsUm'd
Total Import of the week
Of which American....
Sept. 18
«rp(. 11
80,000
4,000
«,800
08,000
4.000
50,000
849.000
634.000
17,000
7.000
33.000
18.000
2,265
Ham-
Ant-
burg.
werp.
Total.
1,250
552
300
15.163
9.629
10,498
3,274
1,648
3,239
1,250
852
Sat,, Sept. 19.
the latest dates:
Galveston-To Liverpool-Sept. 17-8teamer Isleworth, 6,068.
Nbw ORLEANS—To Liverpool— Sept. 19— Steamer Vesta, 5,800
Sept. 23 Steamer Electrician, 6,200.
To Havre— Sejit 22 -Steamer Jo.seph John. 4.420.
To Bremen— Sept. 21—Steamer Mareoa, 5.800.
Norfolk—To Liverpool- Sept. 21-Steaiuer Flaxman, 985.
Boston- To i.iverpool-Sopt. 15— Steamer Georgian, 25
Sept. 18Steanier Cephalonia, 487
Sept. 21-8teamcr Roman, 1,056.
Baltimore- Til Liverpool -Sept. 23— Steamer Carthaginian, 3,380.
To Havre-Sept 19- Steamer Alma, 400.
To Bremen— Sept 23— Steamer Habsburg, 210.
To Hamburg— Sept. 11 -Steamer Scandla, 200.
Philadelpfua- To Liverpool— Sept. 15— Steamer British Prince, 914
Sept. 22— Steamer Ohio,. 284.
Below we give all news received to date of disasters to
vessels carrying cotton from United States ports, &c.
RossMORE, steamer (Br.), which arrived at Liverpool, Sept. 20. from
Baltimore, had Are In hold on the 21st, burning four bales of
Tae«.. Sept. 3«.
Open
flljA
Low.
Oloi.
Open High how.
Clot.
d.
d.
d.
It.
d.
d.
d.
136
116
136
138
110
113
116
119
162
166
169
136
186
137
187
111
111
117
160
15t
166
168
110
110
111
lit
116
118
161
110
110
110
140
111
117
150
153
156
160
162
110
110
110
110
114
117
160
163
157
160
163
1S6
136
187
4S«
October. ...
137
iM
0Ct,-N0T....
NoT.-Dec... 410 111
Dea-Jan.... 143 lU
Jan.-Feb.... 116 IIT
Feb.-Moh... 119 150
Mch.- April. 152 163
April-Hay. 156 156
159 159
Slay-June
September.. 136
4 15
8ept,-Oct.
.
.
110
110
111
111
116
118
161
151
157
160
168
4 64
157
160
163
Open HithlLow. Clo$
d.
d.
d.
136 136 136
136 186 135
186 4 87 136
4 36 137 186
110 111 139
148 111 112
lis 417 116
149 160 118
162 153 161
166 166 166
169 169 168
d.
116
18S
136
136
139
118
116
11*
162
456
168
June-Joly...
Wed., Sept. US.
Oren High Low.
43,451
Below we add the clearances this week of vessels carry ng
cotton from United States ports, bringing our data down to
Man., Sept. 21.
September.. Ill
111
111
lit
Nov.-Dec... 116
Dec. -J an.... 118
Jan.-Feb.... 161
Feb.-Mch... 151
Moh.-AprU. 167
April-May. 160
May-June
163
8ept.-0ot...
October
0c«.-N0T_
.
.
Olos.
d.
d.
d.
112
112
112
111
116
118
151
151
167
160
500
Ill
111
111
111
Ill
111
111
111
116
117
150
163
167
160
163
d.
in
117
160
163
166
169
163
Thars., Sept.
-.24,
Fri., Sept.
Open Hith Low.l OUu.
Open High Low.
Olot.
d.
d.
d.
d.
d.
d.
Ill
111
111
111
115
115
115
lis
118
151
151
167
160
163
115
116
115
116
118
119
119
119
119
162
151
151
157
118
118
118
118
152
165
158
161
160
168
6 00
6 03
5 00
118
118
118
lis
162
464
167
160
168
603
6 02
6 02
606
5 07
606
lU
117
160
153
156
169
163
d.
Ill
111
111
lit
111
117
160
163
156
159
6 02 163
23.
4 66
158
161
d.
118
148
la
118
153
166
168
161
500
503
606
Jane-July...
BREADSTUFF S.
FBIDAT. Sept. 25, 1891.
The market
for
wheat
flour has
been
dull,
but generally
Corn meal shows some
Cotton freights the past week have been as follows:
To-day holders of wheat
decline. Rye flour is unsettled.
flour made concessions, at which a good business was done.
Saiur.
Uon.
Tuet.
Wtdne».\ Thurt.
Fri.
Buckwheat flour was quoted at |2 85@|3 10 per 100 lbs.
Liverpool, steam d.
Sis
3,8
TS2
*3g^»'32
3l«
»1«
The wheat market was firmer on Monday last, owing to reDo
d.
...
and some revival of
Havre, steam... (<. »16»'32 ^la^'^sa' 3ie®73a Sig^Tja *i8®'3a 'i8®'3a ports of very bad we ather in England,
red winter at 99c.@
grades
of
demand,
for
low
export
mainly
Do
d.
.--.
....
Bremen, steam., d.
*1«
|1 per bushel. But there was a sharp decline on Tuesday,
3l6
'18
»ia
»»84»''8a "m^^si
Do
d.
....
....
....
owing to the failure of S.V.White & Co., an increased export
Hamburg, steam.
^3»
Tsa
'.U
^aa
'sa
^a
business, aggregating 200,000 bushels, having been done at the
Do
e.
.-_.
cotton.
prices are pretty well maintained.
1
1
Amst'd'm, steam.e.
Do
e.
40*
40*
40*
40'
d.
W
Barcelona,steam d.
Genoa, steam... d.
''sa
Tsa
'aa
Trieste, steam... d.
>4
\
H
6.,2
Hi
'sa
Antwerp, steam. d.
* Par 100 lbs.
t
1 hard spring at $1 08^ for early
Northern spring at $1 07}^ and No. 2 rer
winter at $1 05Ji@|l OOJ^. Wednesday there was a further
decline, and again a large business for export. Thursday was
steadier, but less active; shippers went mainly into spring
growths, and paid $1 08% for No. 1 hard, with No. 3 red
winter selling for milling at $1 04%@$l OiJi afloat. To-day
the market was further depressed by weak accounts from
the Continent, and this likewise put a check to the export
business, wbioh, however, included a moderate quantity at
decline, including No.
arrival,
Keval, steam. ...d. ">64a«3S "f4a»32 »»84®»M
Do
40*
40-
....
"41
l"S«431»8a
•41
>»f*®»88 »»««®»sa
....
....
>4t
kt
'sa
'na
'.la
"4
>4
U
».3a
Hi
H2
"41
Steamer October 15th.
Liverpool.— By cable from Liverpool we have the folio win g
tatement of the week's sales, 8 tocks, ;c., at t liat port
<Si
'
No.
1
THE CHRONICLE.
446
$1
for No, 2 red winter afloat
04® |1 043^
and
for
97>ic.
Exports
LVol. liii.
Com.
Wheat.
from—
No. 3 do.
DAILY CLOSING PKICES OF NO
Mon,
Sat.
October delivery
c.
.c.
November delivery...
December delivery
January delivery
February delivery
c.
-..o.
c.
March delivery
MaydeUvery
IO514
10678
10n38
IIO-*
lllia
KBB WINTBB WHBAT.
Tuet.
Wed.
10754
105 "a
I04>a
108!li
107^8
10638
110%
108%
108
112
II014
112
II314
114=8
1091b
111>4
1135g
11478
11638
c
0.11438
113
11458
Fri.
Thur».
104=8
104
106 Jfl
108
109 «
109
111>8
112'8
114^8
11218
ll3i«
10578
1071s
110%
Indian corn was unsettled and depressed on Tuesday by the
V. White & Co. At the decline business for export became very active; shippers have taken this week more
than a million bushels, mostly No. 2 mixed, at 60@6lc.in
failure of S.
elevator and afloat, and 59)^o. for early arrival. To-day
there was a generally stronger tone, owing to a smaller
movement of current supplies and the absorption of much
stock by recent purchases for export; No. 3 mixed sold at
603^@61c. in elevator and afloat.
DAILT CLOSING PBICKS OF NO. 2 MIXED COKN.
Fri.
Tli-urt.
Ved
Tues.
yion.
Sal.
58I4
5878
5810
5914
6818
60
0.
October dell very
57
57%
le
5738
18
57
5812
5818
delivery
c.
November
5414
54 "a
5414
5414
54 »«
5478
0.
December delivery
5114
5178
52
5214
52
c.
January delivery
5II4
5m
May
51%
delivery
51=8
5II3
Oats have been active, but at prices
5lie
5138
Bbtt.
160,250
147
34,971
40,852
33",248
4,463,216
733,173
165,721
656,383
(few York 1,945,069
Boston...
19,332
and an unsettled feeling prevailed. The decline
on Tuesday in sympathy with the effect of the failure in corn
upon that staple was partially recovered and to-day there was
a smart advance with decided strength in the regular trade,
but the speculation is somewhat sluggish.
DAILY CLOSING PRICES OP NO. 2 MIXED OATS.
Wed.
Thun.
Tites.
Mon.
Sat.
32i2
321*
32«g
o. 33
323a
Oct delivery
33I9
33i4
3338
3319
34
o.
November deliver}'
34ia
3419
3414
3iifl
34
a.
December delivery
37
....
37
36%
MaydeUvery
Fri.
3,J
3.j%
346»
284;97'3
tlODtreal.
Phlladel
418,043
5altim're 1,206,027
«. Orl'ns.
549,772
"ir.News..
97,303
60,258
Pea$.
Buth
401.800
48,000
6,027
14,316
81,469
447;06il
1,550
.--
.1
50
57,229
287,080
17,560
954,090
152,576
5,750
486
40,000
Siohm'd
rot. week.
7,577
^'me timel
1890...!
13,000
The visible supply of grain, comprising the stocks in graoary
at the nrincipal points of accumulation at lake nud ^eabo.i i1
ports, Sept. 19, 1891:
Hi cy
Corn,
OaU,
V.xeat,
Htfi,.
'»»/•*..
6*4*^.
In store fU~
'JW.f (i,
'o-x
bu***..
Sew York
684
341,677 919,764 537,074
3,628,097
Do aUoat
99,500
83,900
239,500
Mbany
BaS^lo
OmoaKO
viUwaakee
Dolath
Toledo..
Detroit.
...
Oluolnnatl
l.ntou
roronto
(lontreal
PhUadelphia
"eorla
iQdianapollB
Kansas City
Baltimore
aUnneapolls
OnMlBsiasippi...
On Lakes
On canal &
Rye has been drooping, and to-day sellers submitted to a
material reduction in values, at which a large business was
done for export. The sales embraced 128,000 bushels No. 2
Western at 94c. down to 92o., c. f. i., to arrive. Barley has
been more active and prices ruled about steady No. 2 Milwaukee is quoted at 73(a74c., at about which figures two boat
loads were sold to-day for arrival.
The following are closing quotations for wheat flour in
Bye.
B'fh.
7,038
10.472
Portland,
OswBw
which showed some «. Lome
irregularity,
OaU.
Flour.
Buth.
287,513
209,440
river.
Tot,Sept.l9,'91.
rot.8ept.l2.'91.
Tot. Sept.20,'90.
Cot 8ept.2l,-89.
Pot. Sept. 22,'88.
16,600
45,800
705,200
447,617
95,086
3,860.649 4,a27,702 1,441,739
151,494
1,000
l,30a,629
19,689
1,350,524
84,692
31,893
22,1.59
557.713
59,679
25,000
40,000
2,000,594
74,589 226,175
14.000
8,000
3,000
38,008
73,280
39,273
750
21,069
"3,506
167.7 L2
84,813
855,388
80.533 166,738
7.882
36,885 423,748
58,609
2,531
163,980
717,031
26,742 1011,125
30,778 165,382
1,871,960
2,234
13,046
1,939,572
450
52,170
102,124
3,235,859 1,898,466 406,096
11,000
1,6 J8,0U0 1,145,400
20,000
54,264
618,225
51,533
2,016
123.474
28,057
52,933
29,929
188.813
22,167
"i'.xsi
"9,534
15,800
2,000
18,413
"7,254
7,000
2,522
4,508
7,007
""l46
'2,119
14,000
20,509
162.856
4,921
9r7,'6i6
383,600
17,105
262^994
60,500
677,002
24,543,614 9,249,335 4,180,946 3,084,653
308,357
21,935,841 8,286,709 4,042,972 2,705.976
5^9,905 1,344,470
17,594,239 8.506,835 4,179,747
17,19d,572 12.662,727 5,928,570 1,132,895 474,832
31,011,175 9,930,1503 5,927,979 679.974 256,452
;
THE DRY GOODS TRADE.
NBW
YORK. Friday P. M.. September 25, 1891.
of the market have undergone little
change during the past week. The demand for staple cottons
FLOUR.
at first hands has again been irregularly distributed, and
$4 90®$5 25 leading houses report varied experiences ranging from deFine
V bbl. $S20®$3 65 Patent, winter
3 50a 3 85 City Bhlppln^, extras. 5 25» 5 30 cided quietude up to comparative activity.
Superflue
In the aggregate
3 90® 4 GO Kye flour, superflne.. 5 00® 5 20
Extra, No. 2
Fine
3 75® 4 00 an average business has been done, and there is still a de4 10® 4 50
Extra,No.l
cided absence of anything which might be construed as a
4 50® 4 75 Corn mealClears
Western, Ac
3 25® 3 40 reflection of the extensive business doing in the West and
4 70® 5 00
Straishts
Brandywine
3 75 ® 3 SO
Patent, spring.
5 15 a 5 50
Northwest, to say nothing of the Eastern trade, which is reGRAIN.
ported to nave picked up very considerably during the past
Com, per bash.0.
0.
Wheat—
few weeks. It is probable that this activity has been largely
Wesfn mixed
58 » 61
Spring, per bush ... 1 00 « 1 10
confined to fall specialties, and that so far domestics have not
W'n mix. No 2
®
Red winter No. 2.. 1 03'4®104%
West'n yellow
58 ® 61
Ked winter
96 ®l 07
been distributed to any notably greater extent than in pre100 ®105
Western white
62 ® 64
WUte
vious seasons by jobbers anywhere. The general tone of the
Rye Oatfi— Mixed.. ^ bu. 32 ® 34
market has continued very steady, with low-grade goods still
Western, per bush. 90 ® 95
White
33 9 40
State and Jersey.. 88 ® 95
3219® 33ia
No. 2 mixed
tending against buyers. Stocks of brown, bleached and
No. 2 white
34 ® 35
Barley— No.ZWest'n. 73 ® 74
colored cottons are not in the aggregate over -abundant, but full
Buckwheat
«3 ® 65
places are indicated by certain concessions in
(Corresponding
barrels.
these figures):
grades in sacks
sell slightly
below
Tde movement
of breadsculls to market la indicated in the
statement below, prepared by us from the figures of the New
first give the receipts at
Vork Produce Exchange.
West em lake and river ports, arranged so as to present the
comparative movement for the week ending Sept. 19, 1891
six' since Auitost 1, for each of the lai^t three years:
We
Hour.
BtMiVtt Ot-
OUOMO
Com.
Wheat.
8M».11W». BtulLSODi
Hllwankee.
87,568
62,335
2,278.838
380,390
Dalatli
72,911
2,254,443
BlMh.se lb
Oaf.
««
1,645,878
455,884
«21,802
5,220
102,000
429,800
99,940
73,600
19,686
48,200
1,118
406,000
Detroit..
7,037
152,409
Olevelantl...
8,229
BkLoula...
35.545
5,250
89.854
944,444
181,870
34,600
aaZfiOfi
71,790
61,479
562,200
418,00c
27»,99l[
8.061,538
3,481,961
2S1,'W5
2,813.378
2,458,683
247,686
3,289,968
1,525,709
!.610.583
I.521.S8I
1,521,660
.
Peoru
Tot.wk.'91
•wne irk. '90
Bame wk.'89
Aug.
8»
Bu
2,988,4S4
HlnneapollB
Toledo
•ffus«
Barlty
Buih-SiW, BIUA.4HI
10.891
93,100
6,817
7,157
85
37,050
69,971
18,600
6,600
2,899.547
955,108
2,055,737
1,196.610
3,805,440
1,651,060
698,412
891,498
110,843
1664253
48.717.544
19,899,769
19,933,749
2.950,085
5,992,103
15,768,351
17,298.192
23 842.991
17.828,947
16,884.778
3,966,060
839,467
991.899
supplies in some
terms to buyers. Business in fall prints still shows an unusually good demand in existence, both agents and jobbers recording large sales in popular styles, but in at least one instance some slow sellers have Deen marked down by the latter
to effect a clearance. This, however, is quite exceptional
from the general position, which is particularly healthy. Fall
ginghams and dress goods have been in steady request and
are likewise in very good shape, while spring styles in the
former were ordered to a considerable extant. Next week
agents will be well in the market with their spring displays,
when business may be expected to take a wider range. Print
cloths, in the absence of any aefinite move on the part of
manufacturers, are without new feature. Deliveries of all
descriptions of cotton goods contiinue on a free scale, and collections maintain recently noted improvement.
—
OOME8T10 Cotton Goods. The exports of cotton goods
(rom this port for the week ending Sept. 22 were 3,624
packages, valued at $217,885, their destination being to the
onints specified in the table below:
1891.
BTbw
1.
1891
1890
1880....
22.440.017
1.742.765
The reoelpcH of Uour and grain at the seaboard porta (or the
week ended Sept. 19, 1891. follow:
Flour,
Wheat,
Com,
Oate,
Barley,
h ye
A.thblt.
huth.
bu»h.
bush.
buth.
6«»/iJewYork
141,116 2,060,060 465.000 1,070,000
2,100 505,IS0
Boeton
Montreal
Philadelphia..
Baltimore..
RlchmoDd
..
ew Orleans..
Total
Tne main features
week
72,039
31,270
28,398 327,713
67,827 349,639
52,752 1,156,062
13,705
22,286
11,548 154,U97
223,830
55,298
7S,244
23,73t
387,385 4,101,127
858,375
9,»..7
7,312
289,740
30,730
188,622
83,300
12,807
43,735
1.718,934
On. week '90. 293,972 431,434 1.320,324 liieelgis
TbeexportBfroni the several seaboard pons
ending Sept. 19. 1891. are shown in the annexed
YORK TO
Week, Since Jan.
areat Britain
Other European
India
.—
..................
Afattia
\frloa
.."
4 980 847 Aat
49;000 isilll
for the w' ub
statemen:;
Total ...................
Oblaa, via Vancouver
Total
'
Weele.
141
128
367
Siiice
Jan.
24,917
2,052
491
299
49
166
314
28
10;589
1,409
3,582
19,397
2,112
3,624
176,570
20,807
2.233
4,288
90,449
48,302
3,624
197,377
6,521
138,751
4
6,.503
L
4,571
1,409
32,740
2,348
7,487
22
*
3,331
1,1X6
105,933
5,876
9,183
4,631
9,970
2,988
1.
250
470
601
1,319
132',432
S27
32
20
2J9
484
256
184
1,780
1,070
1,100 208,154
....
1890.
Sept. 22.
4,8(15
From New BnKland lolll points dlreol.
The value of the New York exporEs since January
been $9,216,446 in 1891, against $5,081,035 in 1890.
1
have
Sbptkmbkr
THE CHRONICLR
26, 1891.J
Fine yam and low grade brown Bheetings were in fairlj
good demand and very steady, with heavy makes in occasionally full supply without activity.
Bleached shirtings
showed some irregularity in buyers' requirements, with one
or two impatient a"llers weakening a trifle
As a rule, however, agents held prices well up to former range. Flat- fold cambrics and other low-grade bleached and dyed cottons were comparatively strong and in request. In colored cottons ticks are
in very good shape, and leading makes of denims and checks
are by no meana abundant. There is a well sustained demand
for these, while cottonades, cheviots and plaids are in steady
request. Cotton flannels, flannelettes and fancy shirtings
moved with some freedom on home account, with fair export
orders in the first named. As already noted, a good business
has been done in fall novelties in printed fabrics, and fully an
average demand has been met for staples, shirtings and indigo blues. Indications of the close of the season in fall ginghams and the advent of regular trade in spring styles have
been more clearly deflned this week. Print clothes have ruled
firm at 3c. per yard for standards, and a good business has
been recorded on that basis.
1891.
aiock of Print Ofnthn—
Sept. 19.
Holrt by Prov-ldenoe manufacturers. 239,000
Fall Klver inanufBoturera
311,000
Sept. 21.
208.01)0
None.
None.
473,000
268,000
None.
10,000
Si
Si
550,000
751.000
229.000
IKliscellaueotiB
Spencer Turner,
8DCCB8S0B TO
SAIL
DUCK
AND ALL KINDS 0»
(X)TTON CANVAS FELTINO DUCK,
Ma
1
tot
-ji(».
roOMweo
O>MC0<^
Also, agents
UNITED STATES BtlNTINfi
nuane
IN
cobbtVi'to
com
to OP QD ^1 OS
COO)
*fcM
cneo
tOOtf^UM
*l ^^ CO
'o
-.0
CO
yw
Street.
The American
Manufacturing Company
11* ^»^«I«»«>« St., St. Louis, HIo.
16 & 18 Exchange Place, N. Y.
THI LABOIST WORKERS OF riBRX IN THS WOKLD.
Mannfsctarers of
CORDAGE
AND OP
BAGCING FOK COTTON.
In addition to mills at St. Lnnis and Charleston
nave jnst completed at Greenpoint. Brooklyn, the
largest., best equipped and best located
M05
aio
COQO
MCCplCO^I
CO to
Oi-O
oo
XI **
-g
THE MOST PERFECT OF PENS.
(Ofk,
cotox^»o:o
O
— OWM
O'»^-4 0St0«
^ woo to
tfkfcOMtOp
—
-4
b*»t0M —
,U to M )U
ii ^
COCJOOOCO
—
c;ttf*.
to
COtf*-CflMCO
Alfred H. Benners,
ATTORNEV AT LAW,
1913 FIK8T ATEtruB,
BIRIHI1VOIIA9I. AL,A.
1890.
»)),483.625 00
A.CO
Vibbto J3
States Life
tll,B55.1570
SECURE BANK VAULTS.
Insurance
in
force
Dec. 3l8t.26.455,249 00 29.4fl9.590 00
GEO.
H.
BURFORD,
FRAI.EIOH,
A.
35,395.462
President.
WHEELWRIGHT
Assistant Secretary.
WM. T. STANDBN. Actuary.
The two most popular plans of LIFE INSURANCE are the CONTINUABLE TERM POLICY
which Rives to the insured the greatest possible
amount of indemnity in the event of death, at th
lowest possible present cash outlay; and the
Secretary.
GUARANTEED INCOME POLICY.which embraces
GENUINE
WELDED CHROME STEEL AND lEON
m Round and Flat Bars, and A-pIy Plates and Angle
FOR SAFES, VAULTS,
40.
<'ut or Drilled, and positively
BurKlar-Proof.
Cannot be Sawed,
OHROinE STEEI. irORKS,
Sole Man'f 'ers In the D. 8.
every valuable feature of investment insurance,
in the event of adversity overtakirifi
the insured, may be used as COLLATERAL SE-
BROOKIiYN,
N. V.
and which,
Stock, and Bond,
CURITY FOR A LOAN,
sold oa Commlaalon for Ca.b,
or carried on faTorablc terms.
Interest allonred on balances.
to the extent of the full
reserve valne thereof. In accordance with the
these
terms and conditions of
policies.
Good Agents, desiring to represent the Company
are Invited to address J. 8.
Supe
intendent of Agencies, at Home OflSce.
leffal
bouglit
Funds
awaltinK investment
ceived on favorablo terms.
GAFFNEY,
Wm.
AXiON ELASTIC TRUSS
its
G-.
Hopper
South Third
L EBE
I
Ht..
&
and
re-
Co.,
Philm.
R 'S
CIPHER.
TELEGRAPHIC
19 Broadway, New York.
17
anil
Mr. B.
CIPHBR
POSITIVELY HOLDS RUPTURE.
WORN NIGHT AND
FRANKLIN LIKBEK
equaliy available
f.ir
has proaaaed a
bankers, itook
broilers, importers and merchants of every class.
Its simplicity is matched only by lu loRenalty.—
Journal of Commerce, New I'orfc, Oct. 8^. ISeo.
(PATKHT ALunrasw)
Paris exposition, 1889.
00— bbioo
W^isczllmitons,
niLiL,
ANT COUNTRY.
GOLD MEDAL,
OD<icni^ik
OiQOpQOfcO
CO
o'-abto'm
cc:o MtOCn
.
OO)
y>coosco*4
BAOGIIWO
STEEL PENS.
pp
boo
K)pCOrf».y
bbosbb
bb
o-i 05 00
AND
JOSEPH GILLOTT'S
QOQOOOSif^
Mrf^OOCOM
bbtnbb
03ffk^^eo)K
CORDAGE
IN
1 Pi
10
o»to
1S89.
ten
18,835,86550
Total am't
-i
247,532 299,067 567,333239,852321,139
wb^b
coro<OQo:o
tout CO 00 03
I?
964
MMMtO
0»M
1891.
1888
1,379 1.800 1,189 1,085
S!
tf»'btOrf-'*-a
Nli ts £.
-^
^
O OS O —
Insurance Co
THE CITY OF NEW^ YORK.
New Insur-
C. p.
CO.
supply, all Widths and Colors, alwars'ln
Offlce«5
*""**<
i
01
00 COM 00 O*
(iJWQOCDM
1850.
The United
M
M
MM to
rf^-OCntOOS
rO
ance writ-
CAR COVERING. BAGGING.
RAVENS DUCK, SAIL TWINES. &0..
ONTARIO" SEAMLESS BAGS.
"AWNING" STRIPES.
No. 109
i
M4»
W^iscj^llKuzauh
BrlnckcrhofT, Turner &. Co.,
MANUFACTURER AND DEALER IN
A
I
":
I
CO
Foreign Dry Goods.—The current demand for staple
and popular novelties was well sustained at firm prices,
but auction sales of certain specialties which moved slowly
in the way of regular trade were again a feature.
Good
progress with spring styles in dress fabrics and men's-wear
worsteds was reported, and from the prices at which orders
are taken it is evident that foreign houses are making extra
efforts to retain their hold on the American market.
full
stooli.
factti
—The
lines
COTTON
week
and the name
1,
for the corresponding periods of last rear are as follows:
request.
J.
this port for the
15.000
None.
6,000
unusually warm weather prevailing during the past week over such a wide extent of
country has further decreased the demand for heavy-weight
woolen and worsted trouserings and suitings, without improving the call for spring ssyles, and business has again been of
an indifferent character in these. Complaints on the score
of cancellations are somewhat numerous; otherwise the features of the market are much the same as lately commented
upon. Overcoatings are inactive throughout, but fair orders
have been recorded in cloakings, some makes of which are
well sold ahead. Satinets, doeskins and Kentucky j^ans are
featureless.
In flannels there has been a good demand for
white makes, with colored styles in comparatively slow
Domestic Woolens.
ImportaUon* of Drr Ooo4a.
The importations of dry good* at
ending Sept. 34, 1891, and since Jan.
1889
Seal. 20.
Provident e speculators
OatBtde speoulacors (est)
Total stock (pteoes)
1890
447
DAY.
ig^SeaA for
riding or'^ymnafttlc
exercise without plijrblest dantrer of displacement.
adjustable pad whtoh can be made LARGER
by the patient to suit the varying
conditions of the (^ane. Call and examine. Illustrated catalog^ue sent securely sealed.
ll.t
of SnbM^rlbera.
THOniAA BKAN<;H
Can be worn durtnn burseback
At «..•.,
AND COMMISSION MBBCeANTI«.
Has an
nANKRIlH
G. V.
Circulars and information on fnndlriK the debu of
rinrtnlaand North Carolina free of cost; one-.lghtk
funding. Southern Ballroa*
pn cent oharced for
Stat, and City Bonds booitht and sold.
OR SMALLER
HOUSE MANUFACTURING
744 Broadway, New York,
CO.,
RICHinOND, VIKCINIA.
nd
THE CHRONICLE.
448
[Vol. Llll.
I^lnancial.
i£>otton.
®Ott0U.
Waller 1. Hatch,
WOODWARD
Arthur Melvin Hatch
Henry Prescotl Hatch,
Members of N. Y. Stock and Produce Exchanges.
& STILLMAN,
MERCHANTS
NEW YORK.
New
Neiv fork.
Lehman, Dobr & Co.,
Co.,
Montgomery, Ala.
Orleans, La.
LEHMAN
BROS.,
COMIHISSIOIV SIERCHANTS.
New
&
Henry Hentz
New
York,
COMMISSION MERCHANTS,
33 William Street, New York.
BZBCUTB ORDERS FOR FDTDBK DKLIVBBT
COTTON
COFFEE
at the
NHW TOBK COFFBB BXCHANGB, and
ORAIN AND PROVISIONS
at the
NKW YORK PRODUCB KXCUANGB and
the
Yobk.
Nassau Street,
Sons,
Co.,
NKW YORK, LIVBRPOOL AND NBW ORLBAN8 COTTON BXCHANGBB. Also orders for
JiElX ITOBK.
THE STOCK, COTTON, COFOF
UEMBEBS
FEE AND FKODUCE EXCHANGES,
&
sight.
at the
No. 40 Exchange Place,
T. Hatch
Dealers in investment stocks and bonds.
Persona] attention given at the N. Y. Stock Bxchange for the purchase and sale on commission o
stocks and bonds for cash or on margin.
Interest allowed on deposits, subject to draft a
COTTON OF ALL GHADES SUITABLE TO
WANTS OF AMERICAN BPINNEE8.
Lehman, stern &
W
14r
COTTON MERCHANTS,
22 WILLIAMISTREET
TO
16
INM AN, S W ANN& Co
CHICAGO BOARD OF TRADB.
CORBES pondknis
Messrs. Smith, Bdwards & Co., Cotton Brokers,
&
H. Prince
F.
Co.,
BANKERS AND BROKERS'
BOSTON, MASS.
HIGH GRADE INVESTMENTS
:
Orders executed on tbe above Bzchanges as well
New Orleans, ChlcaKO and forelKn markets.
as
m
Crenshaw
&
16
18
&
Wisner,
Excbauge Place, Neur York.
Liverpool,
Jas. Lea McLean
AGENCY OF
CO.,
RICHMOND, VA.
Standard Brands of Flour for Shipment to
Climates always on hand.
ORIENT MANUFACTURING
L.
New Orleans.
Warm
CO.,
I.
Standard Superphosphates.
SULPHUR MINES COMPANY
OF VIRGINIA.
Hlffh-Grade Pyrites, free from Arsenic.
&
Co.,
OOTTUM. COTTONSEED OIL
COMMISSION MERCHANTS,
S!l,
Gatten Exebance Bnlldlni,
NBW TOBK
Unstavus
C.
Hopkins.
Charles D. Miller.
Lucius Hopkins Smith.
Samuel Hopkins.
&
Schroeder
BnooeMorB to
AND
Price,
&
Reed
Co.,
VA.,
Cotton Brokers and Commissioii Merchants,
Liberal advances made on Cotton constgnments.
Special attention given to the sale of Cotton to
arrive or In transit for both foreign and domestic
markets. Orders executed for the purchase and sale
of Cotton for Future Delivery.
B.F.BABCOCK&CO.,
LIVERPOOL,
Receive consignments of Cotton and other produce, and execute orders at tbe Exchanges In Liverpool. Represented In New York at the office of
SAM'L D. BABCOCK,
32 Nasaan mreet. New York.
&
Rountree
Co.,
COTTON EXCHAKGK. NEW YORK,
NORFOLK, VA.
and
COTTON, COFFEE, GRAIN, PROVISIONS,
STOCKS and PETROLEUM.
Orders executed iu New York. Chicago and Liverpool. All grades of cottou suitable to spinners'
wants
Co., Geo. H. McFadden& Bro.
OOITOn MEBOHANTB,
STRAUSS A
BaTaooafa and
New
CO..
at prin-
Manchester, and
cipal Cotton Centres
on the Continent.
Orleans.
Strauss
&
Co.,
COTTON MERCHANTS,
48
Specla attention given to correspondence with InMerchants and Buyers for the purchase and sale of Cotton both on spot and for future
deUrery.
iLlberal advances
Geo.
Copeland
&
Fabyan
&
CO.
PKARL 8TRBKT. NEW VOBK
BulldlDK-
Phlladelphla-Peon Mutaal Building.
Chlcaso—323 Dearborn Street.
Selling Agents for Lbaoino Brands
BROWN
and BLEACHED SHIRTING
and SHEETINGS,
PRINTS, DENIMS, TICKS, DUCKS, &C.
ToweU, Qullta, White Gooda and Hosiery.
DriUt, SAeetinat,
tie.,
for Export Trade.
Avenue Hotel,
Kladlfson Square, TtKVT YORK.
The largest, best-appointed and most liberally
managed hotel In the city, with the most
and delightful location.
central
Massasoit House,
SPRINGFIELD, MASS.
THB BH8T-APP0INTED HOUSE IN WB8TBBN
NBW ENGLAND.
Convenient^^
.
Union Depot.
for the tourist or business
Hr.
E. D. Shepard
Co.,
HITCHCOOK, DARLING A CO.
Co.,
New York CIty-Werld
ooRRuromuna,
NEW YORK, BOSTON, PHILADELPHIA
made on consignments.
OOTTOS BBOKBB8,
1B4
Bliss,
Fifth
terior Cotton
I
liiTiBpooL
FREDERIC »KRB«A A
BKOWN*8 BCILDINGS,
LIVERPOOL.
CLEVELAND, OHIO.
PHII. ADBI.PHIA.
COTTON EXCHANGE BUILDING
NEW YORK.
CO..
THE
GEARLESS MOTOR.
COMMISSION MBBCHANT8,
WARB & SCHBOBDBB.
Orders for future delivery of Cotton executed iu
New York and Llverpoul ; also for Qratn and ProMonB iQ Mew York and CbloaKO, and Coffee In
New York.
way Company.
COMMISSION MEECHANTS,
connissioN merchants,
ITBAUSS &
Short Electric Rail-
NEW YORK.
o ffered on favorable terms.
G;
The
Co.,
ASS
SOeTHEKN FRODCOE
K«*m
of
COTTON BXCHANGB BUILDING,
17 irater Street,
Hopkins, Dwight
&
New York and Boston Stook Bzcbauges
Members
NORFOLK,
THE HAXALL CRENSHAW
ORIENT,
Co.,
Hubbard, Price
COMMISSION MERCHANTS.
Members of the Cotton, Coffee and Produce Bxch's.
&
man. Near
H. OBAPUf.
&
Co.,
SUCCESSORS TO
AUG.
T.
POST, Banker,
DREXEL BUILDING, BROAD
State,
ST., N.
V
Conutr and City Bonds.
American Exchange Bank,
ST. LOUIS,
MO.
8300,000 Surplua,
Capital,
I
-
8300,000
PBTBR NICHOI,SON, President.
ALVAH MANS UK, Vice-President.
WALKBK HILL.
We send items dirbot to every banking
Cashier
point in
this State.
INVESTMENT BONDS A SPECIALTY.
Roiston
&
Bass,
STOCKS, BONDS AND MISCEI.LANEOUS
SECURITIES.
W. H. ROLSTON,
W. ALEX. BASS, Jr.
Members N. Y. Stock Ex.
EDWIN
S.
HOOLBT.
i20
Broad
Street,
NEW YORK.:
P. O.
Box
8,oe»
@FedFRASER