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.
H
,
W xmitk
AND
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES
VOL.
SATURDAY, SEPTEMBER
61.
%\xt Clxrcruxclc.
Terma
of Subscription— Payable In Adrance:
For One Year (iucludlne postage)
For Six Months
do.
$10 20
6 10
European Sutiscrlption (iuekidlne postage)
11 50
European Subscription Six Mouths (including postage).
6 75
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*2 89.
Six Mos.
do.
do.
do,
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These prices include the Investors' Sdpplemest, of 150 pages.
Issued once in two months, and furnished without extra charge to
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publishers cannot be responsible for remittances unless
or Post Office money orders.
Terms of
made by
Week Bnitnt September 20.
1S89.
Advertisements ordered for less than one month, in the Commercial Salet of—
FiKAN-ciAL Chronicle, are published at 25 cents per line each inser(Steckt
When orders are definitely given for one month or longer, a lib- (Ootton
(Grain
eral discount is allowed, and the net priceK may be obtained on applica(PttroUum
tion at the office. The lowest rates on permanent cards definitely ordered for one year are 8 cents per line each insertion, malting $58 for UoAon
one Inch space one year. Space is measured In agate type— 14 lines to Provtdence....
the inch.
IiOndon Asenta
WIIiLI.4I«I B.
;
:
DANA
dc
Co., Pnbllaber*.
YORK.
§1,010,912,548 the corresponding
<)iare<.)
bale:)
buthelt.)
I>M<.)
(1.5«6.868)
(830.S00)
(S2,732.a25)
(856,0001
(986.3911 (-I-5S-9)
1859,900)
(-8-t
(14,711,7871 (-l-m-5)
(4,386,000)1 (-80-4
(1.805.3381
(160.100)
87.123.083
4,B24.V00
1.725,206
1.277.493
1,132.835
1,904,045
week
New
Bedford.
New
Total
England.
Weelc
York
Endino September
1890.
Per Cent.
tC03,060.178
71,32i,251
3^,992,661
11,967,658
65:605,000
&,869,C89
$821,668,318
63,453,663
56,441,354
10,549,217
56,486,000
15,019,066
6,482,050
Seven cities, 5 days
Other cities, 5 days
$336,046,824
126.211,405
$732,099,668
94,108,463
-I-14-2
Total aU cities, S days.
AUolUee, ld»r
$962,258,229
205,108,104
$826,208,137
184,704.411
rl6-j
,
Bt. Lonls
18,!129,987
Hew Orleans
Total
The
all cities for
week...
$1,167,366,333
i
$1,010,912,548
-HJ-6
+ 13-5
-H-o
I
covering the returns for the period ending with Saturday
noon September 20, with the comparative totals in 1889,
The exhibit is a very satisfactory one, the majority of the
cities recording gains over the previous week, and in the total
for the whole country the increase reaches over one hundred
and seventeen millions of dollars. At New York alone the
excess is nearly ninety-nine millions, and in considerable
measure
is
the result of the
more
active speculation
on the
99.504,339
94,655.984
-I-6-2
72.132,575
15,810.282
14,878,671
7,981,237
1,617.228
841,189
870,22J
1,406,977
74.471,443
12.243.181
-3-1
H-e-s
114,081,431
109.731.434
-f7-9
108.879,811
fl7-7
Chicago
84.531,039
Cincinnati
Milwaukee....
Detroit
12.454.80i>
69.027,293
10.992.850
4.290,021
4.»76,415
4.163.500
2.498.700
2.018.653
1.388.502
787,390
-(-22-5
-l-lS-3
-*-8l-8
-I-18-4
-I-66-8
-^81 -8
-)-66-8
-18-5
83,486,000
18.348.000
7,663,491
5,778,9es
6,878.888
8,884.100
1,810.202
1.858.884
835.622
Total Middle.,
8.833,686
6.787,684
6.817.969
3,103,800
2,U7«,2;9
1,J»3,222
642,008
1,420,000
Peoria
Grand Rapids.
Toledo'
-f89-l
792,432
-t-5-8
778,8'/
t9»-4
-fl9-8
i.4a8j«e
-H05-9
i-451
-f-39-7
-(ao-7
+29
-(-28-9
-1-5
+*0
n-a
-I-36-8
1,852,871
126,072.487
99,821,124
-(•26-3
188,872,962
20.875.514
1,328.690
1,200,854
991,314
593,750
13.636,994
1,525,017
672,980
540,184
378,100
+S2-a
13.106.900
-t-0-2
8,068,t'64
-|-7b-6
-I-81-6
1,333,601
-hi 18-8
808,309
348.184
2,147.636
-H)l-»
-hS-O
18,959,275
-I-31-8
17.863,788
-15-8
-j-11-1
Denver
4.M5.073
-H2-0
Oulatta...
1.310,709
1.141.877
-(-76-0
892.383
156.544
665.912
47^,100
303.609
-I-12-0
-h84-0
-t22-8
-H»3-l
-fl6-2
9,037.638
6,198.968
8,858,808
5,007.119
6.350.746
8.014.416
1,763.T0I
740.983
832,061
025.087
4«0.965
379,088
-1-10-8
Minneapolis...
St. Paul
8,158.742
4.879.107
3.925,336
3,741,808
86,907.237
29.993,120
+28-1
83,859,055
-1-29-1
21.802,243
19,786,289
8.885,315
6.251.979
1,306.189
1.781,894
2,474,225
921.'»1
451.907
-no-a
83.687.830;
-(18*
-rll-S
flJS-O
7jiS>.8t>7|
•flS-8
6.790.884
Total Middle Western
,
Tacoma
Los Angeles
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
-2-8
l,*5,87e
Syracnse
Rochester*
Salt
course, furnish
~+?7
619,278
333,871
8)^.322
-I-8-7
We
98,882,101
630.916
369,622
•fIl-3
-9-5
of clearings for the week covered by the
above statement will be given next Saturday,
cannot, of
-2-0
-18-9
1..'U8.3U0
-Tl
-Ti
-f68
Seattle*
+loo
-t-io-j
6e7,^63
881,366
—7-8
+5-S
799,208
782.835
4-1 6'0
full details
-i-ii-a
-1-7-7
I.204.2SX
1.171.711
1,182.303
1.224.813
1,23B.293
1.222.40s
•+8-4
+1V1
+ 13-4
-llO
-t-3-6
-10-0
-2-8
9il2.741
WashtDgton
Wilmington, Del.
San Francisco...
Portland
-(-341
(-750)
86.418.766
4.468.000
1.805.668
1.192.186
-(-163-7
Indianapolis...
1889.
(2,872.000)
+61
-8-8
+0-X
8.128.303
Columbas
27.
1.233.5-i4
(41. 772.900) (-fl78-9)
1;<.3I6.723
Buffalo
last year.
82.132,268
4,797,300
1,724.202
-I-4-1
6?.073.110
14.883.116
13,862,282
ClerelaDd
Boaton
PWladelphia
Bklttmore
CblCAgO
P.Otart.
729.990.950
Philadelphia
Plttsbarg
Baltimore
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, September 27, have
been $1,167.366,33.3, against $1,283,227,999 last week and
Vim
Sept. IJ.
1880.
+850
Springfield....
Worcester-;...,
CLEARING HOUSE RETURNS.
Clearings.
Ssturtw iy Telegraph,
Wetk BiuVg
662,991,759
Hartford
New Haven...
102 irilltam Street, NEW
Post Office box 958
:
,
828,1189,592
Messrs. Edwards & Smith, l Drapers' Gardens, E. Cwlll talce sub
criptions and advertisements and supply single copies of the paper at Portland
^ Lowell
Is. each.
B. DANAFLOTD.
Omt
P.
Adrertlsingr.
*
G.
a
drafts
tion.
JOHN
1,31
Stock Exchange. At Boston, operations in phare properties
have been of smaller volume.
Contrasted with a year ago the week's exchanges show a
heavy increase— 31 -7 per cent. The New York figures exhibit
a gain of 2.5 per cent and the aggregate for all other cities exceeds that of 1889 by 16 per cent. The most important gaina
have been at Galveston, 183-6 per cent; Bufifalo, 153-7; Milwaukee, 105-9; Sioux City, 84; Chattanooga and Tacoma, each,
81-5; Seattle, 78-6; Duluth. 76; Fort Worth, 68-7; Washington,
63, and Norfolk, 585 per cent.
New Tork
WTLUAM
NO.
27. 1890.
Lake
1,58,, 789
City*.,
24,992.152
Total Paciao.,
Kansas
City...,
Omaha
St.
Joseph
W-lchlta
Sioux City
Des Moines....
Lincoln
Topeka
Total Other Western..
St.
Lonia
New
7.45.1,990
Orleans.
153
1.216,030
2,164.857
7.141.821
1,137,078
76^,322
1,002,389
639.000
5a7.90«|
436,4791
l.B«0,804
7. 687.
LonlsTlUe
Memphis......
Richmond
Galveston
Dallas
Fort Worth..
Norfolk
Chattanooga..
Birmingham..
Lexington
Nashville*....
51,970.761,
Total SoQthern...
ToUl
Ontsldo
*
New
Tork.,
Notlneladed la
"463.6?S.407
tot*li.
-r6l
-^35•«
-6-9
-f8|-6
-28-«
-fST-B
-e-8
-f«-l
-rM-O
-^860
flO-1
--ia-i
t?1
-h3M
l,4««.i37l
1.788.857
-H8S0
6.8(13.168
-4-98-4
1.044,086
+08-7
xM.OOO
0.-12.817
-r58-5
352.000
828,9»J
473,909
-14-6
_7-9
905.406
714.200
407.914
406,863
41,745,817
-f84'5
5l.l91.e4e
-|-880-«
4-78^
+«6-7
-8W
-4-0
t.l8l.9i)!l
1.282.227,999 1.053.798,612
all
-fSl-S
-HOf
-1-88-9
390.Mc6.754
i-arB
-t-81-7 1,164.840.814
->-16-ol
48
4
»J»«
t-tW
THE CHRONICLE.
39B
A new section was
our quotation department
a few weeks since, and is now being given regularly every week.
The addition is a full-page record of stocks and bonds wholly
IS"
added
reserves continue to increase, be in the
to
or chiefly traded in at the Stock Exchanges of Boston, Baltijnore and Philadelphia, each day's prices as well as the highest and lowest points touched in the year to date, being given
in the case of the more active stocks, and the closing prices in
the case of bonds and a number of less active stocks. These
extra tables will be found especially useful, as the quotations
Are all brought down by telegraph to the close of business on
Triday.
THE FINANCIAL SITUATION.
The money market this week has been much easier,
This is of
and rates are back to normal figures.
Vol. Ll.]
days.
bills
market
in a few
Eates are 5f per cent for 60 to 90-day endorsed
receivable; 6@6|^ per cent for four months' accept-
ances,
and 6|@7
for
good single names having from
four to six months to run.
In Loudon rates for money have further advanced
during the week, in part as the result of the crisis in
Portugal, and on Thursday the Bank of England
minimum was raised to 5 per cent from 4 per cent at
which it had stood since August 21. The Bank of Ger-
many has also raised its rate from 4 to 5 per cent. All
the European banks in their weekly statements show
heavy losses of bullion. The loss of gold by the Bank
England
of
is
=£698,000.
Full particulars with regard
to this are furnished us in our usual
weekly special cable
from London. It appears that no less than £575,000 gold
was exported to Portugal and Egypt and that £166,000
was sent to the interior of Great Britain, while the
Saturday's bank statement showed a surplus reserve for imports were only £43,000 and came from Portugal
the Clearing House institutions somewhat less than and Australia. The loss of gold by the Bank of France
two million dollars, but the actual condition of the for the week is £499,000, while that for the Bank of
course entirely the result of the Treasury outpour, for
the banks hare been obliged to ship further large
^amounts to the West and South in satisfaction of the
demands for crop purposes from those sections. Last
l)anks was very much better than that, as the 21 million dollars disbursed in the purchase of 4 per cents
came out in the latter part of the week, and therefore
could not count in full in the statement of averages.
Some additional amounts of 4|- per cent bonds have
also been purchased
during the
week, namely
Saturday the 20th, $384,650 on
$3,105,150 on
llonday the 22d, and $58,250 on Tuesday
the
23d. The time limit expired on the 20th, and it may
seem strange that any further purchases should have
been reported since then. But we are informed by the
Treasury Department that the purchases of the 32d and
23d represent lots received on those days which had
l)een started in good faith on or before the 20th.
We
are also informed that the Assistant Treasurer here in
!New York is still redeeming bonds, but such redemptions represent bonds offered last week for
iuture
delivery,
and
the
amounts
are
included in the $3,105,150 total
of
purchases
last
Saturday.
The Secretary offered to take
20 millions altogether of 4^s under the circular of
August 30, and the actual amount secured is quite
ior
close to that figure, or $19,352,850.
Besides the cash
coming out on
these redemptions of 4^ per cents, the
for pensions and for anticipated interest on
payments
the 4 per cent bonds and the currency sixes have been
Tery heavy, and as a result the banks have been gaining
l)y the Treasury operations every day of the week.
Altogether we ought to have quite a favorable bank
statement to-day.
Still, banks and trust companies are not as yet free
lenders of money on call.
One reason for this doubtless is a desire to supply the needs of their mercantile
•customers, and yet another reason we may presume is
found in a disposition
to wait
and
Germany
London were yesterday reported
4f per cent. At Paris the open market
by cable at
rate is 2f per cent, and at Berlin and Frankfort
per cent.
and 3 per cent, the average being about 4 per cent.
Renewals kave been made at 5 per cent, but banks and
it is
4^
Our foreign exchange market has been affected this
week by dearer discounts in London, by easier money
here, and by the drawing of large amounts of long
sterling believed to be against some negotiations of
securities, but the particular character of which has
not been ascertained.
Commercial bills were only in
fair supply, and the demand for short sterling and
cable transfers came principally from bankers who had
been selling stocks for European account. The tone
was steady at the close. On Monday Brown Bros, reduced the rate for long sterling to $4 81, leaving short
at $4 85, and the Bank of Montreal reduced the sight
rate to the same figure, while the other drawers mainThese
tained $4 81| for long and $4 85^ for short.
rates ruled until Thursday, when the change in
the Bank of England minimum caused a reduction by
the Bank of Montreal to $4 81 for long and an advance by Brown Bros, in short to $4 85^. Yesterday
the Bank of British North America also reduced its
long rate to $4 81. The other drawers posted 4 81^
for 60 days and 4 85^ for sight.
The Bureau of Statistics has this week issued the
August statement of the foreign commerce of the
The
country, and it is more favorable than expected.
excess of merchandise imports over merchandise exports
only $5,170,246, against $5,343,137 in August, 1889,
as against an excess of imports for July, 1890, of
Below is our usual table.
$33,119,143.
is
and
POKKIQK TaADB MOTBMKNT OF THK UNITBD STATEa— (0009
see the nature of
As represented b'y
money on call has been
bills in
QOLD.
Mebchandisb.
to-day's Clearing-House statement.
bankers' balances, the range for
Discounts of 60 to
figured at £214,000.
is
90-day bank
ExctKt
Xos.
Ecaports. Import*.
of
ExporU
Jmport*.
Exports.
Omitted.)
8ILTKB.
•E^«M»
Im- l®.««"
Bas-
"f
Import*,
port..
t
f
^
port*.
0/ jSx-
port*.
•6
trust companies
1890.
Jan....
Feb.
..
I
r5,2i3
T0.177
73,628
«3,523
3r,i57
t
«3,223
63.259
67,171
71,902
70,138
75,435
77,564
61,201
»
11,989
7,218
t
1,05'
1,478
t
461
1,171
596
305
165
3,147
2,305'
«
1,405
1,079
t
1,743
1,228
1,931
1,088
maintain G as the minimum. March
1,B22
1,467
3,122: 1,1911
3,455
(•574
3,669 1,6731
•8,379
478 1,062
The rate for renewals of time loans also continues at 6 April
•1 3,681
281
289
t8 1,398: 3,580| •3.I82
May
•87*
886 3,731 *3.St5
976 1.850
per cent, though no large amounts of new money June.. 53,1U
*-2-t.m
1,617
•33.119 1,188 11,880 +10,872 2,903 1,288
54.146
are offering. A transaction is reported at 5|- per cent July..
+411
150
3,021
1,871
1,723
3,138
5,170;
Aug... 5fl.031
for four months, with railroad bonds as the sole col- Total 502,883 549,893 47, OU 8,213'33,157 + 13,944 18,5,S1 113,836 4.098
•55,527 3,719! 47'.522 +41.803 36,203 13.219 14.074
lateral, but this is exceptional.
There is a better 188». 473.667 3-i9,194 •87,426
8.669
S.598j 30,415 +14,819 17,177; 8,608
1888.402,970 490,395
demand for commercial jjaper, but no great abundance 188r.' 435,208 479,807 •44,599 14,163| J. 900 6,263 16,306 10,680 5.738
1886.l43l,BM'44«,920 •11.326 9,935[4O.050 +30,115 17,123 10,375 6,750
of names, and the inquiry comes from out-of-town
t279 •i3.836 13.384 10.45
18S5. '4*6.232 .380.882 43,350 8.619' 8,898
institutions, although some of the city banks will, if
Excess Qt exports,
£xce9S ot imports,
still
.
..
'
J
1
j
1
Septkmbbb
THE CHRONICLE.
27, 1890.]
397
This shows that though imports for the eight months net OD its eastern lines, amounting to $340,444, but
were 20} million dollars heavier than in the corres- also a small loss in gross $63,109. On the Weotern gygponding period last year, the exports increased about tem the result as to the gross is much better, there being
29i million dollars, so that the excess of imports for an increase of $241,925, but this has been accompanied
—
by an augmentation of $264,743 in expenses, go that
only *47,011,000, against 155,527,000 in 1889.
gratifying to find from the report of the Cincin- net earnings record a falling off of $22,818. Then therft
cinnati New Orleans & Texas Pacific Kailway Com- is the Northern Central, which loses $34,387 in grow
1890
is
It
is
The Baltimore & Ohio
pany, which operates under lease the Cincinnati South- earnings and $84,779 in net.
ern, that increasing prosperity is attending the working return for the same month, given last week, showed,
The result should be as pleasing to it will be remembered, $70,644 gain in gross on th»
of that property.
the people of the City of Cincinnati as it must be to the
shareholders of the New Orleans & Texas Pacific Com-
eastern and western lines combined,
management on the part
gross
and net ($603,025
and
may be
bat a loss of
continued heavy
The New York Central does not
pany. At this late day, no one would attempt to gain- increase in expenses.
say the advantages derived by the Queen City from this furnish monthly returns of net, but the gross earnings
great highway to the South, but the enterprise was a decreased $557,463 on account of the strike.
It wasvery costly one, and after the road was finished it supposed that some of the Central's traffic had gone to
seemed for a time as if it was in danger of becoming a the Pennsylvania, and hence the loss in gross receipt*
species of white elephant on the city's hands, with the reported by the latter on its Eastern lines has occasioned
But earnings last year in August
effect of jeopardizing the heavy investments of the city some surprise.
But through skilful and energetic showed exceptionally heavy gains in the case of both
in the undertaking.
of the lessees,
the road's
business has been extended and developed in a marvellous manner, and the lease made a success, so tlrat
the arrangement have every reason to
$134,901
it
in
net
because
of
in gross
a
and $483,051
in nety
that part of the increase then arose from.
the rebuilding of the flooded districts after the
Jun*
temporary large traffic on that
The following furnishes a comparison of
account.
feel satisfied with the outcome.
The City of Cincinnati has for some years been gross and net earnings for several years, both for
getting a rental of $912,000 per annum and will in the August and the eight months.
future get still more. The accounts of the Cincinnati
lilNIS lAST OF
1885.
1390.
1889.
1887.
1888.
PITTSDURO.
New Orleans & Texas Pacific for the late year show
«
»
»
t
»
that after paying this rental, as also 83,-146 interest on
f
GroflH esmlDKS
6,930,865, 6,993.964 6,380,939 6,022.012 4,685,890 8.96«,30»
after
contributing
to
current accounts, and
$87,465
Operat'g eipeiweB. 3,638,829 3,361.190 3,241.610 3,114,176 2,680,846 2,307.2M
a sinking fund, and also alter allowing $180,000
Net earninga... 2,292,026 Z.632,47i 2.U9,123 1,907,636 1,906,046 1,649,01»
Jan. 1 to Aim. 31.
for 6 per cent dividends on the company's outstanding
43,283,834'39,239,8T8 38,071,566136,047.106 32.192,231 28,961,001
Gross eaniinKB
stock, a surplus of 1398,050 remains on the operations Operat'g expenses, 30.64U,093l26,341.275;2&.e30,962 23,681,646 21,038.934 19,682,084
This is a great improvement
of the twelve months.
Net eamlnjirfl... 12,623.741 12,893.601 12,440.594 12,365,480 11.165.887 e.328.92»
on the results for the preceding twelve months, when
As compared with last year gross earnings for the
though only $90,000 was allowed for dividends, the eight months have increased $4,023,958, but net earnSince 1886 gross earnings ings owing to the extraordinary augmentation in exsurplus was but $65,897.
have risen from $2,882,171 to $4,309,144 and net earn- penses are actually $274,860 less than in 1889. On the
ings from $1,048,592 to $1,580,962, which shows how Western lines the comparison is more favorable, ther&
decided the progress has been. And this progress has being an increase in net earnings of $1,079,773 on a
been made in the face of the fact that the facilities for gain of $3,570,083 in gross.
transacting business have in many cases been quite
The Philadelphia & Reading return has also been
inadequate, the managers claiming that the City of issued, but does not reflect any very material change,
all
parties
to
disaster, resulting in a
'
Cincinnati has not lived
lease in that respect.
pany arising from the
up to the stipulations of the
The expenditures by the com-
at
least
profits
not in net results.
the Railroad
on
1
There
is
a small loss in
a small
Company and
Coal & Iron Company. The
meet the gain on the
anthraPennsylvania Railcompanies of the
cite coal
sum of $824,000, and the managers are seeking to have road, namely the Summit Branch and the Lykens
the claim submitted to arbitration under a clause in the Valley, show some improvement in both gross and net.
lease.
It is well to point out that the road does not Among other roads which have reported this week for
obtain high rates on its traffic, the average for the late the month of August the Mexican National has net of
year having been less than a cent a ton a mile 0*93 $58,576, against $42,981; the Staten Island net of
cent.
The Cincinnati New Orleans & Texas Pacific, $72,106, against $61,178; the West Virginia Central &
as is known, is now controlled by the East Tennessee Pittsburg $33,335, against $23,265 ; the Pittsburg
Virginia & Georgia.
Youngstown & Ashtabula $53,024, against $58,887;
We gave last week the July figures of gross earnings the Detroit Bay City & Alpena $12,931, against $16,051,
for the Michigan Central, and this week are able to and the Iowa Central $46,599, against $61,349.
present similar figures for the Lake Shore & Michigan
The tone of the stock market has been decidedly
Southern, as follows
weak, and there has been a large and general decline
LAKE SHOKE & MICHIQAN SOUTRBR!7.
in prices.
The decline amounts to as much as 3@5
Gross Earnings.
1890.
Increase.
1889.
points on such leading stocks as Union Pacific, LouisJuly
$1,701,812
$1,591,928
$109,881
Jan. 1 to July 31
--...11,625,661
10,421,623
1,204,038 ville & Nashville, Atchison, North American, &c.
The gain over last year is $109,884, or nearly 7 per The higher rates for money at London and other Eurocent, for the month of July, and $1,204,038, or about pean centres caused some selling of American securiHi per cent, for the seven months to the end of July. ties for foreign account, more particularly the last few
For August we are having a series of unfavorable days. Then there have been also some rumors of forced
statements of gross and net earnings. The Pennsyl- liquidation in special stocks by parties who had been
Over and
vania reports for that month
in carrying heavier lines than was prudent.
failure of the city to
requirements of the lease
now
exceed,
we
are told, the
—
:
not only a largo loss
;
.
THE CHROMOLR
398
above all, operators for a fall have been active and have
lost no opportunity to unsettle the market and give it a
ragged appearance. Early in the week they attacked
St. Paul, on the announcement of an increase in stock
to pay for the purchase of the Milwaukee & Northern,
but subsequently extended their attacks to the whole
(TOL. LI.
exports in the late year, as against
As compared with other
1889.
4.3
"OS per cent in
recent years the decline
more noteworthy, for in 1888 New York's proportion was 44 "63 per cent, in 1886 it was as much as
46 -26 per cent, and in 1885 46 "42 per cent, while now,
as we have seen, the ratio is only 40-69 per cent.
On
is still
Tange of stocks. Missouri Pacific and some of the the other hand, Baltimore's percentage has jumped
•Gould stocks evinced a rising tendency for a time, but from 6-82 in 1889 to 8-62 in 1890 and Philadelphia's
have latterly followed the rest of the market. Dela- percentage from 4-01 to 4-36. The gain at Baltimore
ware Lackawanna & "Western has been quite firmly held, in amount is almost as large as that at New York or
and Mobile & Ohio scored a rise
of several points,
though
The
made up from
following statement,
New York
of currency and gold by the
Received by
28, 1890.
returns col-
banks.
Shipped by
N.T. Banks. N. r. Banks.
Currency
Oold
'
!
Total gold and legal tenflers-
Net Interior
ilovement.
$1,739,000
200,000
$4,941,000 Loss. $3,202,000
731,000
831,000 Loss.
$1,939,000
$5,«72,000 Loss. $3,933,000
With the Sub-Treasury operations the
Orleans, where total exports are
is
to say, the gain
New York
result
is:
is
much
heavier
over 23^ million dollars, while
about 29^ millions and at New
Boston gained less than 4i
million dollars, and its ratio, like that of New York,
has been reduced as compared with the year preceding,
though, unlike New York, not as compared with the
two years before. The result is that Baltimore had
for 1890 larger exports than- Boston, which has not
happened before at least not in the ten years from
1881 to 1890.
at
and shipments Orleans
lected by us, shows the week's receipts
WmIc Ending September
New
that
reacting yesterday.
24:J^
it
is
millions.
—
It is easy to lay too much stress on the changes in
any one year, for a variety of circumstances may aSect
Banks' interior moTement,as above $1,933,000 $5,872,000 Loss. $3,933,000
the year's results and ratios.
But in the case of New
42,600,000 24,100,000 JGain. 18,500,000
Snli-Treasnry operations
$41,539,000 $29,972,000'Qain$14,5B7,000 York, as we have seen, the decline in ratio has been in
Total gold and legal tenders
progress a number of years.
The rise at Baltimore and
The following table indicates the amount of bullion
Philadelphia during the late year, coincident with the
this
week,
and
at
the
in the principal European banks
further falling off at New York, suggests as a possible
Wuk EndUm September
S86,
corresponding date
Outo/
Into
Banks.
1890.
Net Chinge in
Bank
Banks.
Holdings,
last year.
explanation that the more southerly ports are gaining
SepUmber 25,
September
1890.
86, 1889.
Barikt of
Gold.
Total.
Silver.
i
England
France
Germany
Anst.-Hmnfi'y.
Netherlands...
Nat. Belgium
Oold.
£
£
21.043.B26
21.043.625
50.742.000 60,358.000 101.100.000
26,838.667 12,619,333 38,758,000
4,824,000 16,530,000 21,354,000
Silver.
expense of their northern competitors by reason
by the railroads
on freight shipments between Western points and the
seaboard.
By reason of such differentials the transportation charge on freight coming from Chicago is 60
cents less per ton to Baltimore and 40 cents less per
at the
Totui.
£
20.666.684
20,656,684
52.868.000 50.497,000 103.355,000
27,390,667 13,695,333 41,088,000
6,436,000 15,872,000 21,308.000
4,812,000' 5,342,000
10,154.000
6,602,000
6,144,000
U,648.000
2,004,000' 1,462,000
4,35'i,000
8,682,000
1,291,000
3,873,000
of the differentials in their favor allowed
Tot. this week 110,184,198 86,601,333 193,766,626 114,425,251 87.489,333 801,924,681
ton to Philadelphia than to
rot urtw, w'k. m,566.692
of small profits this
36,963,333 188,549,935 116,423,372 87,700,333 803,128,706
is
New
York.
In these days
a very substantial difference in
favor of the ports in question, and no doubt it is a
drawback which operates in some measure to take trade
FOREIGN COMMERCE— POSITION OF TEE away from New York. But in the present case there
LEADING PORTS.
are other causes which will account for the changes in
Some interesting and quite important changes are the relative position of New York and the rival ports.
taking place in the relative position of the leading ports
One of these causes is found in the very heavy crops
in the foreign trade of the country.
Both exports and of cereals raised in the United States last season, and
imports have been growing in volume in recent years, the large export shipments made out of those crops
and in this expansion in aggregate values most of the during the twelve months ending June 30, 1890.
principal ports have participated if not in the im- Good or bad crops always have more or less effect on
ports then in the exports, or vice versa.
But the the ratios of the different ports, the importance of that
variations have not been uniform.
The gains in cer- element depending very much on the extent of the
tain cases have been much heavier than in others, and deficiency or surplus, the sections where it is most
as a result the ratios of some of the ports have under- marked, and the kind of grain in which it has occurred.
gone quite material alterations. We called attention Last year it happened that the yield of all the leading
to this state of things a year ago, but there have been cereals was good, and that in nearly every section of
further decided alterations since then. For the pur- the country the general result was favorable the Papose of bringing out these changes and to show their cific Northwest in wheat being perhaps a prominent
extent and significance, we have figured the percent- exception.
As a result of this auspicious agricultural
ages on imports and exports for the leading cities for situation, our exports of wheat, flour and corn were all
the fiscal year ending June 30, 1890, and shall make a very much greater than in the fiscal year preceding.
comparison of the results for that year with those of In the case of corn, total shipments were larger than
—
—
the years preceding.
The
first
diminishing importance of
trade.
ever
point to attract attention
The
is
New York
value of the exports of merchandise from
was over 29 million dollars greater than in the fiscal year preceding, and also
larger than in other recent years.
Yet the proportion
of the country's total exports which went out here was
over 2^ per cent less in 1890 than in 1889.
In other
words. New York had only 40-69 per cent of the total
this port in the late fiscal year
before
in the country's entire
history, reaching
the apparently about 102 million bushels.
in the export
These large grain exports operated to the special ad-
vantage of Baltimore and Philadelphia.
ential rates
may have been an inducement
The differmaking
for
shipments to those points, but we think the increase is
to be ascribed chiefly to a heavily-augmented production in the sections naturally tributary to Baltimore
and Philadelphia. That is, the increase came presumably in large measure from districts to which the ports
..
SETTEJibKR
27,
furnish
mentioned
ITTE
1890,]
shortest
tiie
The same
and
CHRONICLE
the natural
ports
had
suf-
outlet to the
seaboard.
fered
years preceding by reason of deficient
399
our Annual Cotton Crop
in
Tiie
plainly.
Heport show this very
same period
Government fiscal year, being for the crop year
crops in the districts in question, and a recovery had ending August 31, but will suffice for the present purFrom New York the shipments for 1890 were
in fact been expected with a recurrence of good crops, pose.
As illustrating only 775,243 bales, against 1,080,291 bales in 1889, the
B-hich recovery has now been realized.
the extent of the difference in the grain movement, 1890 total being the smallest of any recent year. From
to recall that in an article in our issue Boston the shipments were 140,825, against 234,750
is well
it
of August 9 wo showed that for the six months ending bales; from Baltimore 121,943, against 109,271 bales,
June 30, 1890, the receipts of flour and grain at Balti- and from Philadelphia 37,564 against, 59,238 bales, the
more had increased to 29,531,000 bushels, from 13,825,- 1890 figures in these cases, too, being the lowest of all
000 bushels in the corresponding period of 1889, and recent years.
On the other hand, from New Orleans
that at Philadelphia the increase had been from 7,532,- the exports in 1890 were 1,840,597 bales, against only
000 to 20,5-48,000 bushels. At New York there had 1,489,487 bales in 1889 and 1,474,654 bales in 1887
in
tlio
figures are
not for the
as the
;
augmentation (from 43,18i,000
Boston likewise an
to 64,805,000 bushels), and at
But the proportion of the
increase, though small.
total movement at the two last-mentioned ports underwent a heavy decline, and the proportion of the two
first-mentioned ports a heavy increase. If we look at the
shipments of grain rather than the receipts we find that
in the fiscal year 1890 there was an increase in the
exports of corn as compared with the fiscal year preceding of nearly 11 million bushels at Baltimore and of
been a heavy
from the Georgia ports the shipments were 649,354
bales, against 408,849 bales in 1889 and 495,767 bales
in 1887
and from Texas they were 470,465 bales,
against 316,832 bales in 1889 and 423,712 bales in
1887. Mobile, South Carolina and some of the Virginia
ports show losses.
In view of these changes in the cotton movement, it
will be instructive to see how total merchandise exports
at the more important Southern ports have been running for a series of years. The figures for New Orleans
over 14 million bushels at Philadelphia, while at New are shown in the table above. For the other points the
York the increase was only a little over 2 million bush- comparison stands as below.
els, and at Boston there was actually a small decrease.
EXPORTS TEAR EjrDISO JCXB 30,—
also
;
.
All this makes
it
clear
why
the proportion of total
merchandise exports from the two southerly cities in
1890 increased, while the proportions for Boston and
New York
diminished.
But it is also a fact that the
proportion for the whole four cities combined is less than
a year ago
— that
is,
the gain in ratio at Baltimore ai*d
Philadelphia was not
York and Boston
sufificient to offset
—and
the loss at
New
1889,
1888.
1887.
$
S
$
$
30,884,431 17,865,454 20,256,113 23,783,313
24,446,831 15,576,192 15.703,147 18,902,888
Norfolk & Port8m'tli,Va. 14,247,477 13,841,897 12,368,338 15,420,140
Charleston, 8. C
13.797,731 14,001,563 15,164,802 14,623,218
Kichmond, Va
8,874,998 9,310,891 7,206,912 1,897,373
Brunswick, Ga
7,757,564 3,622,687 3,394,095 1,481,401
WllminKton, N, C
6,934,720 5,738,796 6,814,363 6,088,232
6.938,369 6,890,-2.54 8,992,675 7,452.017
Newport News, Va
3.451,735 3,480,809 2,740,333 2,067,371
Pensacola, Fla
3,372,429 3,202,245 3,363,695 2,557,414
MobUe, Ala
Total
that proves that so«ne other
1S90.
Ports.
Savannah, Ga
Galveston, Texas
Perc.of aUU.S.exp'rts
120,726,325 95,530,788 96,504.505 94,275,367
13-16
12-87
13-87
1407
circumstance was at work to aflfect the ratios besides
The gains at Savannah and Galveston are very
The merchandise exports from decided. At the former point the export values are
the grain shipments.
the four points in 1890 were 64^ million dollars heavier ^30,884,451, against $17,865,454 in 1889 and $23,783,-
than for 1889 and 89^^ million dollars heavier than for
1888, and yet the proportion of the whole for 1890 was
only 61*97 per cent, against 62*91 percent in 1889,
63-53 per cent in 1888 and 64-57 per cent in 1887.
In
1885 the proportion had been as much as 66-06 per
cent.
We have prepared the following table to show
both the ratios and amounts for the last four years.
EXPORTS OF MKECnAXDISE ACCORDING TO PORTS.
Government Fiscal Tear Emlin^ June 30—
188l>.
Value.
New
P.C.
York 349,051.781 4069 319,832.555 480*
71.201.944 8-30
aC,S:)3.593 90C
310,8-37,496 44-63 3l«,347,219 14-17
6«,457,3tM 8-11
59,001,505 8-24
Boston. Ac
Baltlm're.
Philadel.
!,U8S,693
S-6-i
50,611,668'
fl-8-i|!
18,-3:i6,787
6-65
51,607,149
313 in 1887, and at Galveston the aggregates are $24,446,831, against $15,576,192 and $18,902,888 in 1889
Brunswick shows a heavy and
the years given, and its total
$7,757,564 for 1890 compares with only $1,481,401
and 1887
respectively.
continuous increase for
of
all
At Charleston there is a loss, while at the
1887.
Takother ports given the results are rather irregular.
ing the whole ten ports together their exports for 1890
in
form 14-07 per cent of the exports from the whole
country, the proportion in 1889 having been only 12-87
With New
per cent and in 1887 13-16 per cent.
Orleans included the ratio would stand at 26-68 per
cent for 1890, against 24-16 per cent in 1889 and 24-26
per cent in 1887.
7-21
In the case of the imports the situation is different all
Southern ports have as yet made very little
18-61
N. Orlean81,257,490 11-979,M9,909iriO
S3,828,S76l 11-29
In fact,
progress
in
that branch of the foreign trade.
4-30
4-57
San Fran.
87.673,37a| 5-Oel 27,681,891 8-»?
S-J,711,01.5j
•?1-18 153,816,300 «G-7«! 144,8«4.»68 20-8-i 141,56*,630' 19-78
AU other
of
exports,
while the ten ports above had $120,726,325
Or'd total. 8»7.8Se.l59 100-Oi i42.401,873ll00-0l 8«5,1-5»,5C.7 ICOO 718.183,211 1000
their aggregate imports amounted to only $2,012,461,
Thus it is New Orleans and the " other ports" which or but one quarter of one per cent of all United States
have gained at the expense of the four seaboard cities. imports, this being less even than in 1889, when the
New Orleans has 12-61 per cent of the total, as against amount was $2,346,457. New Orleans does somewhat
only 11-29 per cent in 1889 and 11-10 per cent in 1887, better than this, and yet with exports of $108,126,391
while the "other ports" are up to 21-12 per cent from (12-61 p. c), it has imports of only $14,771,881, orl-87
4 ports..
37,410.88»
4-86
ew
89.774.911; 401,1 28,815,861
4-14
S5,428,t66' 4-95
467.05;S.7-33,6a-m 1442,167,168 63-53 462,382,729 64-57
)
around.
20-72 per cent in 1889 and 19-76 per cent in 1887. New per cent.
As a result the Northern Atlantic cities
Orleans had much heavier corn shipments than in the still retain their former prominence.
Last year it apyear preceding, but the reasons for the changes here peared that these cities had been losing in their imindicated are to be sought chiefiy in the cotton move- port ratio as well as in the export ratio, but there
ment. With larger shipments of the staple than ever has been a recovery in 1890, bringing the percent-
more cotton has been going out from the South- age above that for either of the two years preceding.
ern ports and less from the Northern ports. Statistics Following are the figures.
before,
—
THE CHRONICLE.
400
not always or continuously possible, especially where
The second cause conis very heavy.
tributing to an increased operating cost is the enhance-
is
IMPORTS OF MEBCHANDI8B ACCORDIS6 TO PORTS.
the fall in rates
Gov«-7im«nt Fitcal Tear Endino June 301583.
18«0.
Value.
P.C.
Value.
ment
P.C.
fYoL. LI.
Value.
In nearly
of the price of labor.
all
departments
of the railroad service employees are receiving better
$
i
»
65-97
472,153,507 83-37 470,428,774 64-99 458,698,631
8-81
81,018,330
8-83
63,897,778
88,731,023 8-96
12,535,020 1-81
11,741,58'i 1
15,223.844 2-04
39,952,349 B-77
41,772,121 C-77
48,528.602 6-51
This applies not only to the lower grade of labor,
pay.
but to almost every class of officials and employees. A
prominent railroad president connected with a South82-36
570,205,230
ern road recently informed our representative that
4 ports. 846,316,087 81-88 |802,638,>.76 80-88 687,838,258 isi'iij
9,052,135 1-39
11,617,749 1-60
14.492,480 1-94
K. Orleans 14,771,881 1-8'
there
was not a man in the employ of his company but
8-45
40,707,703 6-88
San Fran. 48,751,823 618 48,425,780 6-50 46,692.905
71,754,695 10-37
10-83
77,808,802
increased pay even our lawyers, he said,
getting
79,576,438
was
lO-O'
10-74J
79,497.684
All other
100-0 723,957,114 lo'o-o 692,319,788 lOO'O
demand a higher compensation.
Gt'd total r89,335,865 lOOO i745,131,65S
ratio for
A third and as appears just as prominent a cause for
It is well to note that the gain in the 1890
at New larger expenses as either of the others is found in the
entirely
almost
the seaboard cities has occurred
York. Possibly there is some connection between that disposition which so generally exists among railroad
1
New York
516,381,903
Boston, &c 68,676,686
Baltim're 13,140,203
53,930,315
Philadel.
'
i
i
I
—
1
and the extra importations made during the year
and
in anticipation of the enactment of a new tariff bill
Administrative
Customs
of
the
effect
into
going
the
Presumably importations of that kind would be
law.
heayier proportionately at New York than elsewhere.
Whatever the explanation, certain it is that at Boston
fact
the ratio of imports was only 7-97 for 1890, against
8-96 per cent for 1889, and at Baltimore 1-66 percent,
Not only that, but San Franagainst 3-0-i per cent.
6-18
cent, against 6*50 per cent,
per
cico is also lower at
ports" is only 10-07 per
"other
for
the
and the ratio
Philadelphia, however,
10-68
cent.
per
against
cent,
has improved its position, being up to 6-83 per cent
from 6-51 per cent in 1889 and 5-77 per cent in 1888.
the neighboring seaboard cities the falling off
is particularly noteworthy, since, as was seen
above, that point also suffered a diminution of its export
Among
at Boston
ratio.
to
make very
extensive repairs, renewals,
betterments and improvements, and charge the cost to
Much work of this kind has been
operating expenses.
done in recent periods. As far as general trade and
the volume of trafl&c are concerned, the railroads have
been experiencing a period of prosperity, and at such a
time railroad managers, like ordinary business men,
take advantage of the opportunity offered them to put
their property in improved condition, so as to be better prepared to contend with a period of adversity,
Of course it is very
should that unfortunately come.
which such outlays
extent
to
important to know the
and
yet that is pregiven
case,
in
any
are being made
cisely the point which usually can not be determined, owing to insufficient data. We may suspect
that heavy expenses of that kind have been incurred
nay the aggregates may be so large as almost to preclude any other assumption but still we can not adduce positive proof in support of such conclusion
where definite information and details are not furnished by railroad managers themselves. And at a
—
^___^__^____^^___
ILLINOIS CENTRAL REPORT.
The
managers
Central annual statement, issued this
valuable in throwing considerable light on the time like the present, when there are other influences
reasons for the heavy operating expenses which the re- tending to swell the operating cost, such as declining
There is hardly a rates and higher wages, the matter is of course farther
turns of so many roads disclose.
week,
Illinois
is
question concerning railroad affairs with
which
full
information
is
more desirable
regard to
or important
at the present juncture than this.
Gross earnings have
for a long time been satisfactoVy,
on nearly
complicated, and the need for specific information particularly urgent.
It is here that the Illinois Central report is proving
very useful, and the managers are to be commended for
and in every section of the country, but net results presenting a clear and concise statement of the case as
have not always been equally encouraging, and latterly it applies to their road. In showing a very heavy gain
all
roads
have in many instances become quite unfavorable,
under a heavy and general augmentation in expenses.
Careful observers have noticed that three main causes
were at work to swell the expense account of the roads.
First, there is the tendency towards lower rates, which
is felt in all parts of the railroad system of the United
States.
The average transportation charge is steadily
and largely diminishing, and thus far there has at no
time been more than a temporary check to this tendency.
The effect is, that the same amount of gross earnings now
represents a very
amount
—that
much
larger
amount
of traffic than
the work required to produce a given
of gross revenue is greater than before.
It is
formerly
is
natural that the additional work should entail additional expense, and hence it is not surprising to find
that the operating cost, or ratio of expenses to earnings,
should be rising, leaving a smaller result in net earnings than people had been accustomed to see.
In not a
few cases the growth in traffic has been sufficient to
in gross earnings, with scarcely
any improvement in
net, the Illinois Central furnishes a typical instance of
we have latterly become
As compared with the year preceding,
the kind of return with which
quite familiar.
the twelve months ending June 30, 1890, reflect an
increase
of
$1,646,293
in
gross
expenses and taxes having risen no
but
earnings
$51,761 in net earnings,
increase of only
less
an
operating
than $1,594,-
The company
received a slightly higher average
rate per ton per mile, namely 0-95 cent, against 0-94
But the rate
cent, and this has elicited some comment.
532.
than a cent a ton a mile),
same as in the calendar
year 1888, when rates were totally demoralized all over
the West and when there had been a drop from 1-0&
In other words,
cent in the calendar year 1887.
the company realized no higher average on freight in
the twelve months ending June 30, 1890, than it did in
it
will be seen
and
at 0-95
is
very low
cent
it is
(less
jnst the
Traffic, it ia
the very unfavorable calendar year 1888.
As comsay, increased heavily.
overcome or conceal the tendency towards a higher almost uilRecessary to
operating cost arising out of the decline in rates, for pared with the twelve months ending June 30, 1889,
other things being the same a larger volume of traffic the tons of freight moved rose from 5,5'37,058 to
can usually be handled without a proportionate in- 6,359,729 and the tons one mile from 1,053,294,405 ta
crease in expenses.
But growth
of such decided nature
1,189,282,889.
The number
of
passengers
carried
'
September
27,
THE CHRONICLE.
IWW.J
increased from 7,444,111 to 8,207,213 and the paasengers
one milo from 150,088,320 to 158,107,000.
The
linger volume of business calls
of course for
but will not explain the exception-
larger expenses,
«x2)enses.
I
the Illinois Central management to
maximum weight of
etandards; the
I
been increased from 49 tons to 01 tons, the weight of
rail from GO lbs per yard to 75 lbs, the capacity of
freight cars from 20 tons to 30 tons, besides which
additional double tracTc has been built, and an increased
amount of ballast and a larger number of ties placed
under the rails. In carrying out this policy the expenditures for maintenance of way and structures were
Tery materially increased, the amount of the same for
1890 being i|2,110,770, against only $1,458,907 in 1889.
Xor are we left with this simple statement of figures,
but details are given to show some of the principal
items of increase. For instance, we are informed that
no less than 24,000 tons of new rails were laid in
the track during 1890, the average amount so charged
to expenses in the preceding ten years having been
only 7,988 tons. Then one of the tables in the report
tells us that 759,955 new cross ties were put in the roadbed in 1890, against only 054,141 in the calendar year
1888 and 573,898 in the calendar year 1887. Over a
million dollars ($1,030,590) was spent for labor on
in excess of the capacity of the agencies now at their
disposal," and for that reason they recommend an
increase of $5,000,000 in the capital stock of the company. It is also worth noting that the report declare!
that the
As to the financial results of the year's operations, the
commentary to make is that the income statement
best
shows
full
stock,
and
per cent dividends earned on 40 millions of
this after allowing for the
heavy increase in
expenses noted above, and also the amount specifically
permanent improvements and charged against
Such an exhibit cannot be regarded as other
classed as
income.
than satisfactory, especially in view of the.low average
rates received.
DEVELOPMENT OF LIFE INSURANCE.
One
noticeable change which has been
insurance methods
part credit.
The
now held with
JoUn Hancock
Masa. Mutual
902,910
Mutual Benefit
Hational of Vt
is $651,869.
expenses incurred on account of the overflow of the NcwEng. Mutual...
Northwestern
Mississippi Eiver, we have a total only a little less Penn Mutual
Phenix Mutual
$800,000,
which
is
just about
one-half
the
$1,594,532 entire increase in expenses.
If, furthermore, we bear in mind that a strike of some of the
employees in June
Provident L.
&
T....
State
Travelers'
Union Central
Union Mutual
189,576
72,922
11,224,140
486,962
683,071
6,197,493
45,019
2,288,260
2,770,523
638,742
2,477,432
107,125
32,609
|ii?
55
loans oul$tanding in^
1869.
1889. 1869.
$464,745 $125,708 34-2
2,271,969
112,895
916,859
706,829
2,300
6,426,610
If-?
I?
^Premium nota and
for maintenance
than
those held twenty years
«l
30, 1889, the increased
amount spent in the late year
way and structures, as already
If to this we add the $143,850
in life
ago:
Conn. General
Conn. Mutual
of
made
the issue of policies on a basis of
following compares the premium
is
notes and loans
track in 1890, against only 1847,806 in the calendar
Bijooklyn
year 1888; $380,201 was spent for repairs of bridges, Germanla
Home
against $310,908; $327,297 for new rails, against Manhattan
Metropolitan
$100,372; and $204,505 for sundry items, against New York
United States
*115,898.
WasUngton
Aetna
As compared with the twelve months ending June Berkahlre
said,
401
" directors feel satisfied that competition among
" Western railways, which has heretofore been almort
" entirely on the lino of a reduction of rates, is coming
" to be, as in Great Britain and the Eastern States,
" one ol adequacy and frequency of service, and that
raise the former " in such a struggle success lies in furnishing the beat
locomotives has " service."
heavy increase actually shown in the total of
This has in large part been occasioned by
fextra outlays tending to better the condition of the
property.
In conformity with the requirements of
modern service, we are told, it has been the policy of
ally
"
"
219,632
621,530
•
.
9-3
37-8
36-0
7-3
19-0
1-5
6-7
0-4
367,3'.>4
2'7
172,77y 21-1
0-2
4-6
1,599,219 48-5
14-1
3-0
134,710
4-0
76,498 13-4
3-1
1,813,180 40-7
4-0
164,014 30-8
8-3
866,109 23-7
5,060,866 31-9 11-2
4-9
312,611
52
4-3
891,924 26-5
1-4
702,.542 41-0
6-6
998,543 20-8
130,108
495
811,052
419,355
226,575
1,112,447
1,796.257
460,120
13-2
31
....
....
407
.
188P. 1869. 1889.
3-4
2-2
78
0-4
14-8
85.'5,179
883,1.58
3 SS
,
88
48
7-4
2-4
3-9
4-9
1-6
0-9
3-6
6-2
1-9
1-7
6-3
31
25
4-7
0-9
24
1-6
3-3
-08
0-4
1-4
0-5
0-»
1-2
1-7
J-6
3-1
0-8
1-1
32
46
0-34
3-3
4-4
1-2
3-7
14
11
1-4
OS
2-7
16
06
20
....
....
7-4
5-9
caused a pretty general suspenAlthough loans are still made to policy-holders, very
sion of traffic for five days of the month, besides work- little original business is done on the " note " basis ;
ing harm in other ways, the facts and reasons for the new notes are given, but presumably on account of old
heavier expenses are pretty well established.
policies, and the amount of notes used in various ways
last
The point of most importance, however, is that a large and canceled largely exceeds the amount issued.
portion of the augmentation in expense accounts repreFrom the standpoint of the companies, and considsents outlays for improving the condition of the road.
ered as an asset, nothing could be safer and more pro-
By reason of
A bank may hold tangible
merchandise against its loans, as when it advances on
bills of lading or warehouse receipts ; yet, although its
such expenditures the
more valuable than it was before.
the amounts directly charged to
$213,415 was taken out of income
what
property
But
is
certainly
in addition to
operating expenses,
ductive than these notes.
during the year for deposit
liabilities are largely its
discounts carried to the
"permanent improve- opposite side of the sheet, the former are not linked
ments." These permanent improvements have been a with and contingent upon payment of the latter. Bat
regular item in the Illinois Central accounts for many a life insurance company, in taking for premiums unyears.
Since 1870, according to a table in the report, indorsed notes, perhaps given by men not " worth "
are
specifically
called
$5,071 ,310 has been taken out of income for this purpose,
with $280,191 more on the Chicago & Springfield divi-
anything,
and $715,243 (since 1882) on the Southern line,
making a grand total of $0,072,744, Of course other
large amounts have been charged to capital account, and
the company has made decided additions to motive power
and rolling stock. And yet with all these improvements and additions, says the report, the "directors
notes, without loss of a day's time in investing and reinvesting, and with no possibility of default; the secur-
sion,
*'
are confronted with;the fact that the traffic offered
ia
creditors.
is
loaning to
its creditors,
Interest at the full rate
practically its sole
is
collected
ity of the principal is perfect, for against the loan
much larger liability of the policy.
On the other hand, from the side
member the operation of such loans
ate.
If
$100 cash pays for
on the
is
the
of the individual
is
$3,000
most unfortuninsurance,
for
—
.
.
.
THE CHitONlCLK
402
example, a note for $100 adds as much more ; dying
within the first year, the member secures $5,900 for his
family, at an outlay of $106 ; hence great benefit
Each year
accrues to the estates of the early dying.
adds another $6 interest to the cash payment, and utters
another $100 note as a lien to be inexorably enforced
chooses
divide
[Vol. LI.
it counts upon being one of the survivors to
and upon there being a goodly number of
lapses to provide profits for division;
up
as
it
also
does hold
an inducement the "investment" idea more than
that of benefit to survivors, but all "endowment" policies do the same.
The estate of a decedent gets an
thus an increasing payment ample return; on the other hand, a still larger i-eturn
;
united to a decreasing insurance. Of course, "divi- could be had for the same outlay by other policy
dends," or return premiums, do something in offset, and forms. It can easily be maintained that such a conin the time -when "half-note" was common, it was tract, fair all around though it be, should be entered
usual to gire (or permit) people to understand that the upon only with a distinct understanding of its terms
notes would be taken care of by the dividends, and so and chances; and yet its opponents were so far correct
•when the policy matures
is
prove a formality. This liberal estimate -was not real- as this: that the working of the scheme proved largely
It appealed to the universal desire to get
ized, and the disappointment and bitterness engendered infelicitous.
have gradually put life insurance on the cash basis it something at the expense of others, but of course it
ought to occupy. Incidentally also we may say that led companies and agents into the field of "estimates,"
change agrees with the other facts in arguing a
of life insurance and an
increased ability to spare funds for it.
The most remarkable change has been the adoption
This is an adaptation from the
of "Tontine" policies.
device of a Neapolitan, Lorenzo Tonti, whereby certain
persons formed a fund and designated a nominee, each
for himself
the income from the fund was divided
among the subscribers to it, pro rata, but each subscriber's interest reverted to the fund upon the death
of his nominee, the effect, of course, being to progressively increase the income and present value of the
this
more general appreciation
;
shares (as well as
make
their chances for the future a
speculation intensely exciting), the profits of the last
The insurance adapted
turn upon persistence in pay-
survivors* being enormous.
from this was modified to
ment of premiums. A term of years 10, 15, or 20
was fixed, the person insuring electing one of
these at the start.
By express contract all accumulations remained in the "pool."
In case of death, the
member's estate received the face of the policy, and
had no further interest
in case of failure to pay a
where perspective and proportions inevitably get disAnd when estimates came to be measured
against results, it was realized that most of those who
torted.
must ride behind. Disappointments were intense, and the outcome has been the
almost total disuse of the original Tontine and the
almost universal adoption of a modified form of it
which we will consider at another time.
ride a horse together
IMPORTS AND EXPORTS FOR AUGUST.
The Bureau of Statistics has issued its detailed statement of
commerce of the country for the month o£
the foreign
August, 1890 and 1889, and for the two and eight months
ending August
31, 1890,
and
1889, as follows:
MERCHANDISE.
—
;
renewal, the policy could within a short time be re-in-
upon
For the
numth of
1890.— Exports— Domestic.
Foreign...
Total
Imports
Excess of exports over Imports
Excess of imports over exports
For the 2
For the 3
Months ended Months ended
Aug. 31.
Aug. 31.
$55,238,981 $108,917,06' $495.2P1,005
791,653
1,558,399
7.<iOO,650
$56,030,634 $110,475,466 *ao2, 881,655
61,200,880 138.764,855 549,892,407
$28,289,389
$5,170,246
$17,010,752
and payment of a smart 1889.—Exports—Domestic
$58,885,898 $1 1 0,296.859 $465,521,833
Foreign
838,693!
1,685,941
8,144,819
fine; otherwise the forfeiture was absolute, the lapsing
Total
$59,724,581 l$ll 1,982,800 $473,'!f;6,e52
Imports
65.067,718 136,854,656 529,193,764
member taking nothing but the temporary insurance he
Excess of Imports over exports $5,343,137! $24,871,856 $55,527,112
had already had, for which, considered purely as temparary insurance, he had paid an enormous price. At
GOLD ASD SILVEK— coin ASD BUIUON.
the end of the term each member had his choice of I890.-Exports— Gold— Uom...
S2,016,821 $13.673,0.56 $18,796,323
Foreign
119,000
322,794
3,360,351
some half-dozen propositions, either of withdrawing
Total
$2,135,821 $13,995,850 $22,156,674
his interest in the pool in cash or of entering upon a
Sliver— Dom
$882,807
$3,131,086 $11,169,105
Foreign.
1,7«3,610
1,138.31?
7,361.838
new term of insurance.
Total
$2,021,125
$4,924,696 $18,C 30,943
The lapsing member left behind him his payments
Total exports..
$4,156,946 $18,920,546 $40,687,617
Imports— Gold
$1,724,56."
$2,912,069
$8,212,856
and interest, less his share of current mortality and
13,n34,591
SUver..
.%156,875
1,871,215
Total
expenses, and for the purpose of comparison we may
$3,595,780
$6,068,944 $2:;,047,447
Excess of exports over Imports
$561,166 $12,851,602 $18,640,170
say he left behind nearly all
the dying member left
$262,104
$5,141,901 $42,165,033
behind his share of the accumulations. The pool profits 1889.— Exports— Gold— Dom.
Foreign
158,072
560,061
5,356,722
were from lapses, with the chance of something from
Total
$420,176
$5,701,962 $47,521,755
SilverDom.
83.011,475
$4,801,257 $17,652,398
deaths near the end
obviously, each member made
Foreign
1,217.742
2,049,809
8,640,376
a wager upon his chances of living through, and
Total
$4,229,217
$8,851,066 $26,292,774
Total exports
$4,649,393 $12,553,028 $73,814,529
(still
more) upon his ability to continue jjayImports— Gold
$497,927
$5,719,336
$1,354,259
ments.
SUver
1,523,405
The scheme came in for strong denun3,289,951
12,218,703
Total
$2,026,332
$4,644, 210| $17,938,039
ciation by companies and agents that
did not Excess of exports over Imports $2,623,061
$7,908,8181 $55,876,490
join
in
it;
it
was
called
speculative,
and
MERCHANDISE
stated,
certain conditions
1
;
.
.
;
AND COIN AND BULLION.
TOTAL
utterly
subversive
of
real
usual, good arguments can be
is
clearly speculative,
in
life
As
insurance,
made on both
so far that each
sides
.
It
man who
"The Tontine Hotel -which stood facing the College Green, in
New
Haven, originated in a scheme of this character. So did the Tontine
Building on the comer of Wall and Water streets in this city; this
started 96 years ago, and the conclusion was reached in 1879, accordlording to the original agreement, when the number of nominees had
become reduced to seven. Whoever cares to read a very clever and
interesting EugUsh novel, turning upon a scheme of this sort, will And
BaUsfaction In " The Great Tonthie," by Hawley Smart.
1890.— Exports— Domestic
$58, 138,609, $125,721, 209 $525,246,433
2,048,9711
3,674,803
18,322,839
Foreign..
Total
$60,187,580 $129,396,012 $543,569,272
64,796,660 144,833,799 571,939,854
Imports
Excess of exports over Imports
Excess of imports over exports
$4,609,080' $15,437,787
1889,—Exports—Domestic
Foreign
Total
Imports
Excess of exports over imports
Excess of imports over exports
$28,370,582
162,159,467 $120,240,017 '$o-6,339,264
2,214,507
4,V!95,811
22,141.917
;
$64,373,974 $124,535,828 $547,481,181
67,094,050 141,498,866 547,131,803
$349,378
$2,720,076 $16,963,038
i
1
1
Septkubeh
1
1
iHE CHEDNiCUi.
27, l»9U.j
IMFOKTB xmo BXt^RrS DT PBISCIPAt. CUSTOMS DWTRtOT*.
AUUVST,
ODITOUa DISTBICTa AND
P0BT8.
Import*.
1890.
Ssportt.
said to be very short
Imports.
BZ POUTS.
8 months tiuttng
Aug. 31.
8 montht tndtng
Aui/.U.
1880.
1889.
1890.
t
lest'wii.MasK
BuUiiloCk.N.V
Champl'n.N.Y
61.710,088
38,189.603
M,0»,SS1 48,061,490 18,452,848
47,8 18.877
B.70<).B»T
B.6S0.tai
i«,4n;
1M.077I
3.174,800
3.108,831
315.134
3483.185
9,208,11't
II1.'<S1
104.574
411.102'
8,188.7521
l.B«7,S7«l
1,873,018
18.600
382,332
8,337,830
1,028,815
1,822 .8««i
15.007
360,038
479. «fl
l,04<,6e2
3,286 .87U!
1,271,228
8h»rle«t'n,8.C
biciwo. Ill
Clnolnn»ll.O.'
Detroit, Mloh.
Dulutli, Minn.
GaWest'n.Tex
MIIWkoe,\vi>.
Hlnn's'a.Mlnn
Mobile, Ala...
I,<15M.«83
eO»,8>7^
1»3,108
H,'I4S
i.-i.soe
363.835
7.530
S8.417
I24.9U
254.453
25.707
8,013,133
aH8.289
617.723
76I.B13
74.251
6.5S0
8.748.51-S
i,o:;u.i7o 2,4«V,563
40,O0U.G14 3t).080.V<e 8fll.07O.074
8,4.'».H30
MS,848
t3,«50
Klasara.N.Y..
B1,G2U
I08.»5a
Nortk.icVa.
S6,080
3.52H
1,338
120,402
QreKon.Oreg..
168,l«tl
113.501
1,107,312
QiwegkUe.NrT
800,348
87».0rt7
1.B38.S5S
Oawrao.N.r..
PblladeVa, Pa. 4,!8t<,S7V ll,l«7.433 38,437.318
4S9.6S8
13.701
50,300
Portl(l,4c.M».
iSu.UlO
2.1H5,02»
Bt. Loata,Mo.*
28,402'
22.700
258.058
Ban Dlexo.Cal.
Ban Fran., Cal. 2,73i.41J7 3.801.772 31,343.031
5,272
185.118
BaTannah, Ua.
323.433,
444.514
1.273,098
Vermont, Vt..
2H.3.Vii
»7.418
43.8001
883,818
Wlllamette.Or
2,808
63.900
186,822
WllmlVn. M-C
New
Orl'us.La
HewTort.N.Y
Totals,
eluding
Othr
11.311.080
g»l,8
5.143.800
442. IS6
310.7S0
tkltlmora.Md.
oat. A rhar-
«S<,178
1,048.483
15.338
1,9;0,100
5.^4
8.675.1B2
1.108.IO5
4.851,743
19i
I.20S.214
1.519.232
07S,434
4.10M.52D
100. IU2
fl3'i.044
840,3 i4
1.491.7311
a.iiti.wo
53.180
IO,18a.5Sl 53.630. UU 45.123, ;«7
337.713.007 220.213.00.'. 223.093.872
t2S.30fl
+34.708
2,006, 171
3,7.-.:!.7«3
5,302,101,
I85.23-<
227.793
1.131.035
120.998
1,1'«.0»0
1.129,083
1,411,465
l,2t'j.348
1.331.812
1,078 J» 78
8:1,618.102: 23,938,254 18.819.51.J
669.178
1,835.683
8,531,612
1.816.676
161.85
835,731
286,461
36,268.318 82,571,396 S0.779.2aO
9.631.157' 6.214.854
211,371
1.239.9:8
1,683.I«8:
4,339,180
2.079.793
795,051
1,881.037;
1,148,721
40,438
1,811.836
(Inall
UlstB.) 61.2«n,880;5e.030.e3l 549.892,107 589.193.764 503,881,855,173.668,658
$i3,99j.393
BemalnInK In warehouse Aug. 31, 1S89
Bemalulug In wareUouae Aug, 31, ISOO
43,406,506
' luterlor porta to wUioU merchandise can be transported wlthoit
appiiil.'ioiuont, under act of June 10, 1880.
+ Incomplete lu the abseaoe of law providing the meaiis of ooUcotlng
the atatistlcs of exports to adlaoent foreign territory by railroad cars
and other land vehicles.
408
—
only about two-thirds u( an avt-rage.
Altogether the pro-ipect appear* to be that there will be coii'>
sidcrable check to Indian exports, and conseqaentlj that the
Indian demand for silver will not bo as g^eat as heretofore.
Silver eecurities have declined with sliver, and for the time
being, at all events, there is very much less Bpeculation.
Whether it would revive it silver again began to rise may be
doubted, for operations so far have been of very great magnitude.
The market for American railroad securities is, if possible,
more stagnant than it has been since June. Many dealen
have gone to other departments. The usual operators have
suspended dealing and the public holds entireig aloof. There
is also very much less doing in British railway stocks.
The
traffic
returns continue to be highly satisfactory.
their purchases almost entirely to
[From our own correspondent.)
class.
London, Saturday, September 13, 1890.
The money market has decidedly hardened this week. The
quotation for discount is now 3% per cent and the rate of
interest in the open market has ranged from 3}^ to 4 per cent
while the Bank of England has charged all borrowers 4}^
and on Wednesday and Thursday the Bank did a considerable
amount of business. The internal circulation has not expanded as much as was expected, looking at the advance that has
taken i>lace in prices and wages, and the great activity of
trade, but the belief continues to be that it will now expand
Every-
where there is evidence of good trade, but it is known that the
working expenses are also increasing, and it is clear that
prices are exceedingly high. There is a certain amount of
speculation in those stocks which are soon to be split or duplicated, but little comparatively is doing in others. But on the
other hand, at the beginning of the week there was a very
active speculation in copper shares and in international securities, as well as in diamond and South African gold and land
French trade has
shares. The movement began in Paris,
been steadily improving for the past two years. The country
male large profits during the exhibition, and the rise in copper has enabled the great Paris banks to realize the greater
paitof the assets which they took over from the Comptoir
d'Escompte, and thus the lock-up has to a considerable extent
at all events been put an end to.
In the meantime the small investors have been confining
They have been
home
securities of
high
so disappointed in following financial
leaders that for the time they seem resolved to invest in
nothing but what is national and beyond suspicion. Their purchases, continued for a considerable time, have steadily raised
rentes, and as there was a large bear account in them, the
bears have taken fright and have been buying back on a large
scale for some time past. No doubt also there was a considerable speculation for the rise, but the result has been that at
the beginning of this week the price was advanced to as
much as 96>^ for the threes— the highest ever recorded. There
has been a slight decline since, and it would seem likely that
there must be a further reaction; yet many of the very best
observers in the Paris markets think that they will be raised to
par before the year comes to an end. Bearing in mind, however, that there is to be a great funding operation, and that
the French debt is growing at an alarming rate every year,
this seems an extravagant expectation.
With French rentes the obligations of the Credit Foncier and
railway companies advanced likewise. There has been also a
very considerable rise in Credit Foncier shares, and in those of
the principal railway and insurance companies, and there has
likewise been a very great speculation in Rio Tinto shares, De
Beer's diamond shares and some of the South African land
and gold shares. Bio Tinto shares were at the beginning of
this week somewhat over 27,
During the copper syndicate's
operations the highest quotation they reached was 27J^. It is
said, however, that they are to be taken to 30, and in Paris the
opinion appears to be by no means uncommon that they
will rise to 35,
De Beer's at one time this week were
over 20. In all these cases there has been some slight
decline. It would appear that English and German operators
who bought at the beginning of the movement in Paris have
been reatonng on a very large scale their profits, and although
PftJ-Is has bought very freely, the sales have forced down prices.
very rapidly. It is said that the Scotch banks here are already
preparing to remit large amounts of coin to Scotland, and
«ome of the English provincial banks are also making preparations for withdrawing both coin and notes.
The main cause of the hardening of the market is the beginning of gold shipments to South America and the fall in the
New York sterling exchange. During the week ended Wednesday night the net withdrawals amounted to £361,000, on the
following day £141,000 was withdrawn, and yesterday £10,000,
and it is believed that the shipments will continue for a considerable time, usually being made in small amounts, so as not
to excite alarm in the market.
If so, the stock held by the
Bank of England will soon be seriously diminished. Even
now it is slightly under 22};^ millions sterling. No one ventures to hope that the metal can be got upon the Continent in
any considerable amount, for it U known that the directors
both of the Bank of France and the Imperial Bank of Germany
wEl take efficient measures to prevent withdrawals from them,
and the long-continued stringency in New York has practically
put an end to the hope that sufficient supplies can be got there
if they were required.
Indeed, it is feared that gold may be
taken for New York. Therefore, bankers and bill-brokers
recognize that they have been speculating for the fall too
freely of late, and everywhere the opinion is growing now As an instance of the magnitude of some of those sales it may
that before long the Bank of England will again raise its rate be stated that in one case a block of 10,000 Rio Tinto shares
to 5 per cent.
were sold this week. They had been bought at high prices
The silver market has been dull all the week, with a down- before the crash in Paris last year and had been held all
ward tendency, mainly due to the apparent weakness in through the recent decline, and have now been disposed of at
New York. At the beginning of the week the price fell to a handsome profit; yet, though sales on this scale have been
63,5gd. per ounce.
On Wednesday it rose to 53%'d.,buton going on, Rio Tinto shares have given way from the highest
Thursday there was another drop to SS^sd., and yesterday it only about ^. South African gold shares seem to be coming
fell again as low as 58d. per ounce.
There is exceedingly into favor in this market again. The crushings during
August were again satisfactory. The management is being
improved, and efiforts are being made to reduce the cost oC
is entirely governed
by the operations in New York, The Indian trade is reported working in every possible direction.
to be almost paralyzed by the advance in silver, and some of
During the week the trade of Southampton has been parathe croi» too are less satisfactory than was expected. The cot- lyzed by a dock strike. The dockers demanded an advance in
ton crop no doubt promises to be good, but the indigo croo is wages and an arrangement of the hours of labor. The emlittle
tlie
demand
for India,
market therefore
and
still lejs
for other countries,
for the time being
and
.
:
.
a
..
I
'
THE CnHONICLE.
404
[Vol. LI,
ployers agreed to an advance in wages, but they refused to To India September 4, £5,000; September 5, £151,480; September 11,
£126,600.
communicate with the representatives of the trades unions,
Mexican Dollars continue at 1%!. under silver, and the recent largo
arrivals have generally been melted. West Indies, £23,000 Vera Cruz.
and insisted upon negotiating with their own work-people
||37,000; total, £260,000. To Chhia and the Straits, 5th Septemberl
only. This led to suspicion and misunderstanding, and a
strike whicli apparently might have been prevented was the
The following return shows the position of the Ba:ik of
The magistrates took alarm, and asked for military England, the Bank rate of discount, the price of consols, &c.,
result.
assistance to maintain order. The soldiery cleared the streets compared with the last three years
1890,
at the point of the bayonet, but no serious collisions occurred.
1S8D,
18S3,
1837,
;
:
seems, however, that the work-people have been defeated,
and that they will resume work with the advance in wages Circulation
Pub] ic deposits
that could have been got without strike. It is reported that, Otlier deposits
in consequence of the frequent dock strikes a great federa- Government securities
tion of ship-owners is to be formed. It is hoped that the colo- Otlier securities
Reserve
nial ship-owners will also combine, and that the subsidiary Coin and bullion
trades will be affiliated. The plan, however, appears too vast Prop, assets to liabilities. per ct.
It
Bank
to be practicable.
The weather has continued very favorable
work
to harvest
through the week. Great progress has consequently been
made, and grain has been gathered in good condition. The
wheat market, in consequence, is decidedly easier and very
all
rate
per
below
and export trade
of our import
given
is
:
1890.
Imports.
January
Per
1889.
s,
33,143,S50
31.018,842
36,140.334
35,680,242
33,341,003
32.926,295
33,082,629
31,322,897
38,038,318
32,340,096
36,265,387
37,255.783
34,835,408
29,326,994
35,903,318
32,937.088
SmontHs.... 271,245,384
Exports.
January
21,586,752
February
21,084.228
March
20,067.022
April
20,344,367
May
22,040,779
June
21.332,817
July
24,321,336
August
22,817,609
276,711,094
February
March
AprU
May
June
July
August
Ct.
£
s.
-
-
3,-599,301
-
2,820,889
1,614,191
•
+
—
-I-
+
+
+
-I-
+
-
0-22
4-08
0'34
4-23
4-29
12-27
7-85
4-90
—
19-73
-
-
-
-
5,465,710
20,527,037
18,670,352
21,439,400
19,634,715
20,421,394
18,696,717
22,124.306
21,399,507
1,059,715
2,413,876
1,392,468
709,632
2,519,385
2,836,100
2,196.830
1,418,102
£
4,770,951
5,369,507
6,327,102
4,859,746
6,476,915
5.106.549
5,443,433
5,279,199
January..,
February.
March
April
May
June
July
August...
The
rates for
-
-
-
-
648,688
—
41,291,290
as follows:
*«i
Abk
"
"
*'
8 5
15 5
22 i
29 i
Sept 6 i
•
12 i
-
-
-
14-86
0-72
5-38
12-81
3-78
13-28
11-89
23-55
14-65
Int rett ollow^d
Open Market Bates.
for deposits b]/
Trad;
•a
Bills.
Four
Six
Ihree
Four
Six
Months Months ^Months MonthSiMonthsi Months
The Bank rate
—\am —6 ®
—15
Diic't ITse
Joint
Stock
Three
IH® - am
SW& 3'4® - Sa®
SH® - SH®
S«® - 3«®
3H@
I
.
At
B-inkt. Call.
7 to 14
®
2H\2M-m
2MiH-ZH
-arti®
2>^
-'4M ®
and open market rates at the
now and for the previous three weeks
have been as follows:
Septer}iber
Bank
Bank
August
5.
29.
Sites of
Interest at
Open
Hate. {Market
PiTlS
Berlin
Frankfort
Eamburg
Amsterdam
Bnisaela
Madrid
TIenaa
Bt. Petersbnrg.
Copenhagen
2«
3
4
i
i
m
SH
SH
HH
iH
2«
3
4
4
m
iU
5«
3H
5
3«
Open
Rate. IMarket
Bank
Open
Rate.
Market
3
2M
3
4
3
4
4
3H
4
3
4
4
2H
SH
3«
SH
2H
m
3
4
*H
5«
SH
an
2M
2H
August
32.
Bank
Open
Bate. Market
S^pt. 11.' Sept. 5.
d.
d.
Bar
Bar
9
silver
silver,
oz. 53JS
contain-
ing 5 prs. gold. .oz. 54>^
Wheat
IMPORTS.
1890.
1889.
1,482,363
1,434,644
332,801
232,674
277,401
204,653
34.307
40,149
27,884
83.233
793,758
800,285
282,303
370,177
cwt
Barley
Oats
Peas
oz. 58>S
oz. 52K
1888.
1,128.350
181,434
418,919
29,477
76,406
682.288
339,600
1887.
1,302,090
207,301
203,283
50,312
91,705
395.740
304,702
1889
Importsofwheat.cwt. 1,482,363
Imports of flour
282,303
home-grown
Sales of
on
1);
1,434,644
370,177
523,520
2,328,341
1889.
1890.
Aver, price wheat weeb.34s. 6d.
1888.
1,128,350
339,600
283,473
1887.
1,302,090
301,702
761,591
1,751,423
2,368,383
3l3.
1888.
Oil.
37s.
1887.
Id.
29s.
9(1.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
This weel:
qrs. 2,214,000
Flour, equal to qrs. 222,000
Maize
qrs. 585,000
Wheat
Last week.
2,213,000
214,000
562.000
1888.
1,946,000
240.000
1889.
1,493,000
180,000
353,000
258,500
Eagllsli Flaanclal iTIarkets— Per Cable.
The daily closing quotations for securities, &c., at London,
are reported by cable as foUowa for the week ending
September 36:
London.
Sal.
Illinois
Central
Lake Shore
SH.
SH
2M
2«
4H
4
5
6H
3W
i
5
4
4
5
4
6«
SH
112
111
111
lioia
88
IIOI2
110%
8978
.
3,g
112
76
100 14
pref.
68%
94
941^,^ 9o%
95-6212 95-65
IO6I4
IO6I4
I26I4 126I4
8OI4
8078
6858
68
112
8978
Northern Pacific,
Pennsylvania
951,
521a
941B,
II213
76 14
Norfolk & Western, pref
9178
95-45
10614
126I4
81=8
T/iurs.
II212
Nashville..
4
4
SH
&
4
3
TTecl.
52I2
Mexican Central 4s
N. Y. Central &. Hudson.
N. Y. Lake Erie & West'n
do
2d cons
Union Pacific
Wabash, pref
2«
Tites.
32
I
S
1
Mon.
53
Con.sols,new, 2% per cts.
935,5
9519
do
for account
957,8
Fr'ch rents (in Paris) fr. 95-27I2 9515
IO6I4
1061^!
U. 8. 4128 of 1891
U.S. 4s of 1907
126% 126 '4
Canadian Paclflc
83
82
6858
Chic. Mil. &.8t. Paul.... 703S
4
25^
53 14
95 ',6
d
Philadelphia <fe Reading,
10934
75 13
IO914
231a
88%
75
8838
7514
1091a
2358
109%
National Banks.
—The
4,416
-
'
'
:
National
91U,6
94%
95-25
1061*
I26I4
79
0734
111%
110%
8714
7434
109
23%
25%
10534
6334
103%
103%
6314
631-2
IO6I4
6314
80%
80
78
78I3
105%
62%
78%
5438
21l8
60^8
25'2
5414
21
3938
241a
54%
21%
78%
5458
2134
eo'e
25J4
—The
recently been organized
&
Fri.
5111,8
IO6I4
6IJ3
59 14
241a
Bank
following national
25%
26
5414
2138
5978
2434
®0mmeiccial nmX I^XlsccIIaweaxts
Messrs. Pixley
AbeU write as follows:
„i^olfl—Tlie Indian demand has absorbed nearly all the flue bars
oirerlng, and in adiUtion to this there has been an inquiry for
the Con^iSfHlX/^^J?" ^0^^ has received since our last a total of £83.000. and
*pl,000 has been withdrawn, viz.: iE241,000 for Rio, £300,000 for
Lisbon, and £30,000 for Egypt. Arrivals
Buenos Ayres, £13.000
^'t'l'' *76,00O; West Indies, £29,000; total,
???)? nJj. *2?'-°°''
Shipments: Per P. & O. steamer September 4 to Madras.
*o Bomb.ay, £52,000; to Houg
^,vvv.,
e Kong,
SSi.
L®''Pi''P'iS'" ^
s, £5,000;
September
11 to Bombay, £89,500.
'^^ 54d. for a few days, but on the 8th fell to
K<?i'T*''7^'\X''^ ^"^ '"^P*
"* "^^{^ India purchased. The market now presents a healthier
ol„
appeai-ance,
the feeling
inflation having passed away. Arrivals
Xew Yorb, £21,000; WietofIndies,
£9,000; to&l, £30,000. Shipments
5J%X^
London Standard.
Cake silver
Mexican dols
2H
3
4
:
87,474,00a
SILVER.
77
3
i
SH
101,937,000
:
Louisville
September 12.
103.903,030
4
The following shows the imports of cereal produce into the
United Kingdom during the first week of the new season compared with previous seasons
Day.
of discount
chief Continental cities
44?i
95 9-16
I
\3ii®
-4,
19,807,131
11,643.039
20,288,884
97 3-16
4
S-pt. 4,
oz
Silver, per oz
-SH® -SH® - 4 ®
- 3H® - m6® -\m®
-\«h® - a%&i U ®
19,731,010
44
4
93 5-18
4
20dwts. silver. .oz.
Span, doubloons. oz.
S.Am. doubloons. oz
@ — 15 ® -
~,SH® -3)^®! j8«®4
20,883,921
42 5-18
V5H
Total.
834,607
38,804
323,127
714,081
254,622
598,847
735,202
1,006,454
money nave been
B?
22,237,525
12,895,614
20,739,584
Per Ct
£
«
London
12,421,018
14,2-24,237
1890.
—
Bmonths... 43,642,402
13,993,545
27,815,U5
Supplies available for consumption (exclusive of stocks
Difference.
5,614,558
5,408,311
6,003.975
5,573,826
6,731,537
4,307,702
6,178,635
4,272,743
14,721,400
20,885,443
14,580,893
20,880,533
4,117,353
21,927,001
13,042,743
gold, coutaln'g
September
:
£
8,810,389
24,848.293
:.
Indian corn
Flour
months
174,694.910
102.933,718
4-11,761,192 +
7-21
Exports of foreign and colonial produce were as follows
1889.
4,400,304
24,781,530
137.487,000
Beans
8
1890.
2.6.i3,3i32
.
85,532
1,321,254
125,053
1,575,543
1,494,403
-
—
£
24,^95,835
\
gold, fine
Sept. 14.
S.
24,273,940
I
Bar
Bar
Sept. 12.
£
24,805,905
for bullion are reported as follows:
GOLD.
London Standard. ^V^- H.
quiet.
The comparison
Sept. 11.
£
2 1.693,930
ct.
Consols
Clearing-House returns
The quotations
Sept. 10.
54
21
58%
24 14
%tms
banks have
:
of Cold Spring
—
on Hudson. Cold Spring
^'
N. Y. Capital, $50,000. Daniel Butterfleld, President;
Cashier.
4,417— The First N.ational Bank of Telluride, Colorado. Capital, $50,000. William Story, President;
Cashier.
4,418—The Beckham National Bank of Graham, Texas. Capital, $100,000. William P. Beckham, President; Edmund B. Norman,'
Cashier,
4,419—The First National Bank of Canastota, N. Y. Capital, $50,000.
Le Grand Colton, President; J. Clarence Easbaoh, Cashier.
4,420—The Union National Bank of Atlantic City, N, J. Capital,
$100,000. Allen B. Eudicott, President; J. G. Hammer,
Cashier.
The corporate existence of The First National Bank of Decatur,
Michigan (No. 1,722) expired at close of business September 20, 1890,
by limitation.
,
:
Skptembfr
THE CHRONICLR
87, 1890.J
—
Imports and Kxports for the Wkek.
Tlio imports of lust
with those of the preceding week, show
an iiicroa.se in both drj' goods and Kenernl merchandise.
The total imports were 81t,3«.'>.S49, against $9,(r)8,238 tlio
•week, coniiiareJ
The
precodinji; week and $10,755.«.JS two weeks previous.
ex|K>rt3 for the week ended Sept. 2;( ainouuted to $S, 189,0 18
l..")i)O.90S
week
and
two
last
weeks
previom.
against $7,808,793
§
The following are the imports at Now York for the week
endinj? (for dry goods) Sept. 18 and for the week endinu; (for
general merchandise) Sept. 19; also totals since the beginning
of the first week in January.
FOBEION IMPOBTV AT
For Week.
Oeu'l mer'dlse..
Total
Sinee Jan. 1.
Uooila
Oen'liuer'dlao..
Dry
Total
1888.
1887.
Dry Goods
NEW TOBK.
$2,067,933!
8,798,307;
$0,760,240,
1889.
$2,039,301
6,231,831
1890.
$3,058,715
8,638,704
$2,888,060
8,377,780
$8,697,410
$8,271,192
I
$11,265,849
I
$07,786,805 $101,805,032 $113,969,484
245,059,224; 200,930,391 270,400,573
$93,816,148
251,401,939
1
38 weeks. $315,218,037 $343,74G,029L$3e8.735,423i$393,379,05 7
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
specie) from the port of New York to foreign ports for the
week ending Sept. 23 and from January 1 to date:
EXPORTS FBOM SEW TOBK FOB THE WEES.
For the week...
Prev. reported
1887.
188S.
$6,397,163
218,825,075
$6,773,571
205,206,671
1889.
1890.
$7,3.'2,233
244,470,433
$8,189,64S
232,743,840
Total 3^ weeks. $225,222,238 $212,040,242 $251,792.000 $240,033,407
The following table shows the exports and imports of specie
at the port of New York for the week ending Sept. 20 and
smce Januarv 1, 1890, and for the corresponding periods in
18S9and
1888:
EXPOBTS ASD IJCPOBTS OF SPECIE AT
MEW TOBK.
Exports.
Imports.
Gold.
Sinee Jan.
Wcel:.
1.
Week.
..i$11.000,783
Oreat Britain
France
Germ.iny
West Indies
Mexico
South America
..I
Sitiee
Jan.
2,.'i05,288
2,419,123
5,720
1,484,013
132,891
$2,500
5,610
15,761
802,909
2,676,104
24,002
126,453
633,071
Total I'SOO.
$12,989 $18,585,570
Tot.il 1-<S9.
Total 1-5SS.
103,230! 18,803,5831
$24,121
14,553
151,739
$7,010,703
4,702.833
5,282,102
$12,989
All other countries.
O.OOOi 40,46'S,734l
250
Exports.
Imports.
Week.
Oreat Britain
France
\SineeJan.l,
Week.
Situe Jan.l.
$333,300 $13,026,322
287,173
Germany
West IniUes
Mexico
South America
465
Total 1890.
Total 1889.
Total 1888.
$1,467,900
$15,042
5,610
1.360
282,063
$402,658 $14,454,997
306,975 14,527.306
431,915
9,302,700
$304,075
114,856
1,801
4,199
1,191,422
005,430
387,003
302,703
1,170,836
$5,193,564
1,047,034
1.310,035
Of the abDve imports for the week in 1890 S9,330 were
merican gold coin and $1,380 American silver coin. Of the
exports during the same tima §12,01)0 ware American gold
coin and §465 were American silver coin.
—
A copy of the fiftieth report of the Hong Kong and
Shanghai Banking corporation is just to hand. The available
profits for the half-year ending June 30 last, after providing
for all bad or doubtful debts, amounted to Sl,::39,943. Out
of this is paid the usual dividend of £1 10s. per share and a
bonus also of £1 per share, besides which §200,000 is added to
the reserve fund, making that fund §.5,482,127. The agent in
New York is^Mr. A. M.'/Iownsend, 50 Wall Street.
Investors looking for a select line of railroad bond investments are invited to notice the list offered in our columns
to-day by Messrs. Reed & Flagg.
Messrs. Coflin & Stanton will pay their usual October interest on various bond on the 1st of next mouth.
Their list
—
—
will be found in our advertising columns.
Baltimore
is
&
Ohio.
—The
&
&
Chicago & Atlantic— Chicagro A Erie.—The new mortgages of the Chicago & Erie— the reorganiied Chicago & Atlantic—have been issued in pamphlet form. The first mortgage (Trustee Central Trust Company of New York) beara
4 per cent interest till May 1, 1892, then 5 per cent to maturity,
May 1, 1982. Both the first and the income mortgages cover,
besides 249 miles of road, the contract with the Chicago
Western Indiana, §t.O00,(X)0 of that compaay's stock and
§340,000 stock of the Chicago Belt Railway.
As regards payment of interest on the incomes, the income
mortgage declares that a certain percentage of the gross earnings shall each year be applied, first, to payment of interest
on the first mortgage bonds, second to payment of any advances (with interest thereon at 5 per cent) by Erie, thirdly
to the payment of interest on the incomes. If the g^ross earnings in any year amount to §2,250,000 or less, then this percentage is to be 221^ per cent if to more than §3,250,000 and
less than §2,750,000, then 23 per cent; if to §3,750,000 or more and
less than §3,250,000, then 27>^ per cent; if to $8,250,000 or
more, then 29 jjer cent.
The first mortgage bonds bear the following endorsement
" For value received the New York Lake Erie & Western RR.
Co. hereby guarantees the punctual payment of the interest
of the within bond at the time and in the manner therein
specified and covenants in default of payment of any part
thereof by the obligor to pay the said interest of the within
bond as the same shall become due upon the demand of the
holder hereof.
" The New York Lake Erie & Western RR. Co.
[seal]
Attest:
by
, Secretary,
, President."
±
;
United States Sub-Treasury.—The following table showf
the receipts and payments at the Sub-Treasury in this city,
veil as the balances in the same, for each day of the week.
u
Balances.
Date.
Sept.20
" 22
" 23
" 24
"
two new mortgages
in
which
interested are ofiicially descrited as follows
:
Payments.
Beetipti.
25
26
3,133,229
3,776,047
6,446,254
2,952,078
4,083.480
4,043,134
24,440,122
Total
1,351
33,003
22,612
366,029
114,856
13,5.37
other countries.
company
&
"
Silver.
AH
of Now York.
Mortgage U a fint lien on tli»> 73
miles of rovl to hA constructeU between Akron, O., and Chicago Junction. Under a lease of the Akron
Chicago Junrtion Railroad to the B.iltiinore & Ohio and Chicago Railroad
Company, guttraiiteed by tlie Baltimore Ohio, the Baltimore
& Oliio Chicago liailroad Company and the Baltimore Sc
Ohio Railroad Company, agree l)y endorsement to pay a rental
equivalent to the interest on the bonds.
It will be noticed that in ncitlier case is there any guarantr
of principal. None of the bonds are redeemable before maturity.
Company
1.
$161,316
710.200
2.772,835
406
5,377,246 155,091.207
:
5,200,008 155,331,834
5,100,033,155,302,337
&
is the Mercantile Trust
Deposit Company of Baltimore. §.5,000.000 lx)nds are to be sold. Under a contract for use of the
Belt Railroad, the Baltimore
Ohio agrees by endorsement to
pay an amount equal to the interest.
&
The Akron & Chicago Junction Railroad Company first
mortgage is for §1,500,000 of 5 per cent gold bonds, dated November 1, 1890, and due November 1, 1930, with interest, payable May 1 and November 1. Trustee ia Mercantile Trust
6,305,770
5,695,931
5,542,452
5,487,049
5,982,246
5,659,010
30,204,0291
—
Anction Sales. The following were recently sold at auction
ky Messrs. Adrian H. Muller & Son
:
Shares.
Shares.
3 Holland Trust Co
206
50 Farmers'LoanA Trustee. 750'a
25 Stand. Gas Lt. Co, of N.Y. 45
do
do pref. &7*a
2
10 N. Y. Produce Ex. Bank. 115
1 Clinton Hall Ass'notN.Y. 51
11 Central N.J. Landlmp. Co. 16
3 Schuylkill Nav. Co. cert,
dated 1330
$3 SOpr.sh.
10 National CityB.ank
.505
30 Mechanics' National Bk..212
Bonds.
$40 Central New Jersey Land
Improvement Co. div. scrip 16
225H
10 Park Fire Ins. Co
80 Oriental Bank
68
12 St. Nicholas Bank
129
5 N. Y. Life Ins. & Trust Co.701
$45,«X)0 City ofHouston,Tcx.,
68, comp'ise,1918,JAJ. 100 41-108
30 National Park Bank
$40,0O0Wasatch&Joid uVal.
330
15 Little Niami ER. Co
RR.7s,1904,Nov.,1880.e.on.$15
163^
20 Mechanics' & Traders'Bk.281
$200 Central RR. of N. J. 6s,
30 N.Y. Prov. & Boston EK.22013
conv. deb, bond scrip
H2'a
N. T. and Brooklyn Gas Secarltles— Brokers' Quotations.
GAS COMPANIES.
"
GAS COMPANIES.
|Bid. |A8k.i|
Bid.
95
People's (Brooklynl
941,' 943^ Willlamsburj?
131
IIOH
loo
Bonds. 63
Consolidated Gas
97
98 la' Metro iioUtan Bw>oklyn)..|109
Joisey City &, Hoboken.. 170
Mnuiciiml— Bonils, 78
Brooklyn a.ts-Light
Citizens' Gas-Llght
Bonds, 5s
120
123
Metropolitan— Bonds
Mutual (N. V.)
Bonds, 6s.,.'.
Nassau (Brooklyn)
IIJ
115
124
102
•
Scrip
ioa"
130
lOU
|
14U
luo
124
108
Fulton Municipal
Bonds, tis
Equitable
Bonds, 6s
^ariMufl awd
A»k
93
|
I
(
Spencer
The
Currency,
Cert's.
6,997,972
6.137,217
7,176,499
6,729.810
5,221,960
4,516,744
5,238,770, 155,703,059
5,618.938 155,010.572
3.574,434 155,496,309
this
Baltimore Belt Railroad Company first mortgage is for $6,000,000 of 5 per cent gold bonds, dated November 1, 1890, and due
November 1, 1990, with interest payable May 1 and November
1.
It is a first lien on seven miles of belt terminal railroad to
be built through the heart 'of the city of Baltimore. Trustee
Ooin
Coin.
411
'143
llll»
1127
no
Iftuiittclal.
Trask
.
BANKERS.
Nos. 16 and 18 Broad Street,
ALBASV, N. Y.: SARATOGA, N. Y:
&
Co.,
New Vork
Cltr.
PBOVIDESCE.
B. L:
"~
TRANSACT A GE\ER.\L B.INKINU BUSI.VKSS.
All claasea ol Seojirities Bought and Sold on Commlsalon. Speolal
attention i^ven to Investment Securities. Direct waa vi ettoh ome«
iuid to Philadelphia, Boston and Chicago.
SPECIAL. NOTICES.
EP"CITY BONDS. AND
OTHER
FIRST-CLASS INVKST-
ments adapted for savings' banks, trust funds. «Qd caret ol larestmantt
of Individuals are m»do a prominent specialty la tha bu»ln«»i At
Messrs. BbAKE BROS. * Co., Bink5r8.o( New York an! Bditan. 8M
card In the colnmiu of the Chronicle.
.
.
.
THE CHRONICLE
406
%hz Bnnhzx5'
week.
^a^^ette.
4
Actual rates are: Bankers' 60 days' sterling, 4 80i^(3
demand, 4 84J4(g4
Per
When
Books Closed
Payable.
(Days inclusive
Prime bankers' sterling bills on London.. 4 81 ni 81^
4 85
(4 79^^4 7!)%
Prime coinmerciaV
4 79 S4 T914
Documentary commercial
Paris (francs)
5 243835 23%!5 2114-45 20=9
)
Railroads.
Cbartiere
CliicagoRoek Isl. & Pac. (quar.)
Del. Lack. & Westeru (quar.)
Georgia BE. <fe Banking (quar,)
NaslivlUo Cliat.
&
St. L. (quar.)
.
.
•
imsterUam
3
Oct.
1
Nov.
1%
2%
Oct.
Oct.
Oct.
Oct.
Sept. 27 to Oct. 27
2 to Oct. 20
Oct.
2 to Oct. 14
Oct.
Oct. 13 to Oct. 1-t
Oct. 12 to
Oct.
Oct.
Sept. 27 to Sept.
Sept. 25 to Oct.
•
Korfolk &Vi\ stern prel
lia
Chatham National (quar. )
Gallatin National
3
BankH.
6
^tscellaitroiiH,
Cent & So. Amer. Tel. (quar.)...
1%
Cat. Feed, (monthly)
(quar.
2I3
Distilling
&
Mexican Telegraph
)
People'6 Trust (Brooklyn)
'
30
5
Oct.
Oct.
Oct.
Oct.
Not I14 as printed last week.
WALL. STREET, FRIDAY. SEPTEMBER !i6, 1890-5 P.M.
The Money Market and Financial Situation.— Without anything radically new to disturb the course of afour market
experiencing the after effects of a stringency in money. It very rarely happens, after a scare in
the money market has been dispelled and relief from the extreme pressure obtained, that we have an immediate and confairs,
tinuous advance in stocks, especially in the Fall season, when
the demand for money is large, and there is always some ap-
may
The Bank of
England also advanced its rate this week to 5 per cent, owing
to the more active monetary requirements in London, and the
not
last.
decline in the reserve.
A
great
(guilder.?)
many railroad
1
FrankfojL torl3 remen(reichmarks>
But the rates of transportation were low beyond precand unless the roads can make a fair advance in their
freight rates, which seems to be fully justified by the much
higher market prices of wheat, corn, oats, &c., they could
year.
edent,
40i,,rt40i8
I
95%a9o'4
|
,
Interest
Periods
tr-
fr-
reg.*Q.-Mch. '10414 104 14
4V. 1891. . coup Q.-Mch. • IO414 'IO414
•123
4s. 1907..
reg, Q.-Jan *123
,*120
'120
Do stamp'dint. pd.'
124
COUP. Q.-Jan. •124
4S.1907
4123,
1891
.
.
j
Sept.
Sept.
Sept.
25.
24.
Sept.
28
H03hi' 103'2* 1031.2 'lOSig
*103i3' IO3I2 *lll3i-2'103\
122'^ '122^8
123
123
'
i
912*11912 '119^
•123% •I23T3
120
*120
*120
119k> •11912*119%
Do e.K-cp to J'ly,'91
•114 *114
114
114 '114
reg. J. & J. *114
6s, cur'cv,'95
•117 '117
11612*116
117
reg. J. & J. *117
6s, cur'cy,'96
120 n20
120 I' 119 1*119
63, cur'cv,'97....reg. J. & J. *120
*122'«
J. 'laiis *l'2is
1221a' 122 '122
65, cur'<',;,'98....reg. J. •125
*125
12412*125
125
6s. eur'jy,'9J....reg. J. & J. *1J5
* This is the price bid at the moroing board: no lale was ma1»
*120
124
'
I
1
124
|
1
I
i
State and Railroad
year ending June 30, and they
owing to the unusually heavy freight tonnage carried in that
94%s94'g
—
i'
Bonds.— State bonds have not changed
now coming out for the materially. The sales comprise
generally make a good exhibit, Columbia registered 3-65s, §5,000,
reports are
39>,^-a3i)''i)
I
United States Bonds. The time during which the Secretary of the Treasury agreed'-to purchase the 4J^ per cents
under his circular of August 30 expired on Saturday the 30th",
and the few bonds since accepted have been only such as were
tendered by mail on or before that day. The Treasury Department reports the purchases as follows: September 20,
§3,105,150; September 23, §384,650; September 23, S5i,350;
No 4 per cents were purtotal for the week, 83,548,050.
chased. The grand total under the circular of August 30 is
reported at §19,353,850. At the Stock Exchange Government
bonds are lower, §100,000 registered 4s selling yesterday at
132 J^ this being also the price bid to-day.
The closing prices at the N. Y. Board have been as follows
is
prehension that the easier rates
Demand.
Sixty Days.
September 26.
Cent.
LI.
&5; cables, 4 8o}4&i 8.534.
Posted rates of leading bankers are as follows:
80).^:
DlVIJDKlNDSi
Name of Company.
[Vou
the following:
District of
at 1193>^; and Georgia gold
7s, $15,000. at 101=3; Louisiana oonsol. 4s, §7,500, at 89: Tennes.see settlement 6s, §5,000, at 106; and settlement 3i, §4,000,
at 72i<; Virginia 63, deferred trust receipts. §10,000, at 8}-^,
sellers 20, §3,000, at 103^,
and Alabama Class
Railroad bonds have been irregular in their changes,
A
though the tendency has been downward. Atchison 4s, which
yesterday, and the incomes
hardly afford to carty the smaller crops of 1890 at the rates closed last week at Sifs, sold at 83
Reading bonds
made for the large crops of 1889. The saving feature with at 58 3g to-day, as against 63 the week before.
earnings for August.
nearly aU the railroads is the increasing business in general fell in anticipation of a poor statement of
incomes at G'%, against
merchandise, apart from the tonnage furnished by any single The 4s close at 81 fg bid and the first
Pacific incomes have been
crop or single article of transportation. The best outlook at 83} 2 and 6918 a week since. Texas &
between 40^^ and 43, closing at
present seems to be for the Southern roads, as a large crop of a l^eature, selling quite heavily
4OI4. Their activity is probably due to the company's incotton not only makes lieavy freights, but also puts so much
money into the pockets of the people as to stimulate business creasing earnings as shown in the Chronicle's tables.
•
and enterprises of every sort.
Railroad and Mlscellaiifous Stock>.— The stock market
So far as our stock market is concerned, the bears seem to continues in a very sensitive condition. The late squeeze in
with
leaders
provided
aggressive
just
now
be better
than the the money market is not easily forgotten; moreover it is
bulls, and hence the attacks on one stock after another, with feared by some that the reUef afforded by the Governmentmore or less success in breaking their prices.
may be" but temporary. There was considerable depression
The open market rates for call loans during the week on early this week. London sold some stock in anticipation of
stock and bond collaterals have ranged from 2 to 6 per cent; an advance in the Bank rate, and the bears hammered with
4 per cent has been a fair average. To-day rates on call sufficient success to carry several stocks to their lowest of
were 3 to 4 per cent. Prime commercial paper is quoted at the year. After a partial recovery there was another de6(g 61^ per cent.
cline on Thursday, precipitated it was claimed by the fall in
The Bank of England weekly statement on Thursday showed sugar certificates, and this decline was even more pronounced
a decrease in specie of £698,000, and the percentage of reserve to-dav.
to liabilities was 41
against 44'01 last week; the discount rate
Rock Island fell to SOJ^, but the declaration of a dividend
was advanced from 4 to 5 per cent. The Bank of France lost was somewhat reassuring to holders, and the stock rallied,
13,475,000 francs in gold and gained 900,000 francs in silver.
St. Paul, too, went to 65^^,
closing at 80^^ ex-dividend.
The New York Clearing House banks in their statement of comparing with 7953 on May 36. North American fell to 36,
Sept. 30 showed an increase in the reserve held of 88,895,100, on reported heavy sales by some large holders, but it afterand a surplus above the required reserve of $1,905,200, against ward rallied considerably and closes at 37ig. Union Pacific
a deficit of §3,306,925 the previous week.
touched 55ig, the lowest price since 1888, and Oregon Railway
The following table shows the changes from the previous & Navigation was notably lower. Atchison also showed esweek and a comparison with the two preceding years in the pecial weakness, falling off to 38, and Canadian Pacific,
averages of the Clearing House banks
which a week ago sold at 80}^, was down to 75. Louisville &
.
.
:
Nashville sold at 83.
Ohio has advanced from 33 on Wednesday the
Mobile
17th to 3OV4 vesterday. The road is doing well and expects a
Lackawanna also
large business out of this cotton crop.
$
$
Capital..
60,762,700 60.762.700 has been strong. As against 1445^ a week since it touched
60,812,700
Surplus.,
59.987.100
54.625,100 49,7-<l,0U0 145^ on Wednesday, and closes at 145.
Loans and dlsc'ts 392,631.600 Dec. 528,400; 409.002.300 391,397,300
Sugar certificates have been active and variable on account
Circulation
3,588.300 Dec 114,400
3,933,900
7,930,300
conclude to do
Net deposits.
389,982.800 Inc .6,731.900 420,168.400 40S. 309.100 of the uncertainty as to what Congress would
Specie
76.417,200 Inc .8,574,900 70.998,0?o 80,599,700 with sugar in the tariff bill; but there seemed to be some intiLegal tenders
22,983,700 Dec.l,679.600t 36,023,500j 32.921,300 mation on Thursday of what the result would be, and the price
Reserve held
99.400,900 Inc .6,895,10oll07,021,500 113,521,000
broke, being steadier to-dav at the decline. The close is at
Legal reserve
97,495,700 Inc .1,682,975 105,042,100 101,577,275
ranged between
77Jg to-dav. Petroleum certificates having
Bnrpl'ic rpForve
78% and 81?^, close at 80.
1.905.200 Inc .5,212.125
l,979,40O' 11 ,943,725
Sliver certificates have been falling and to-day touched
The following were the rates of domestic exchange on New
The
1161^ last Friday.
York at the under-mentioned cities to-day: Savannah, buying 112. They close at 1131^, against
week 1,105,000 ounces, at prices rangdiscount, selling par; New Orleans, commercial 1'.50 dis- sales aggregate for the
count; bank, par; Charleston, buying, 3 16 discount, selling ing from 1121^ to 116;^.
The Secretary of the Treasury has purchased this week
par; St, Louis, 75c. per§l,OOOdiscount;Chicago, 70c. per §1,000
495.000 ounces of silver, at prices ranging fiom §1-13 to
discount.
$1-1560. The purchases took place as follows: Monday 250,000
Foreign Exchange.— The sterling exchange market has ounces (out of 1,035,000 offered), at §1-1560; on Wednesday
been dull. Posted rates for long bills are lower, while short 140,000 ounces (out of §338,925 offered), at §1-1360®
bills, with the advance in the Bank of England's rate of dis§1-1375; to-day 105,000 (out of 166,000 offered), at §1-18®
count, are stronger. Posted rates close at 4 81(S4 81 1^ and 8I-13J4. The total purchases under the new law aggregate
4 851^, against 4 81i.^(i4 63 and 4 8.5(g 4 85i^ respectively last 7,667,474 ounces.
1890.
Different sfrom
1889.
Sept. 20.
Prev. week.
Seat. 21.
.
.'
j
^
18S8.
Sept. 22.
&
....
September
J
1
THE CHROiMCLEL
27, 1890.J
NEW VOBK STOCK BXCHANWE—-^OT/VE STOCKS
407
SEPTEMBER M, and
for week ending
HiaH£8T Airo LOWEST PBIOEB
STOCKS.
HK.
Active
Atchlrtiiii
Atliimlr
l'n|>.
Storks.
8nilt4iFe....
.(:
Caiiiula Southern
Cfiitnil of .Vi'W Jersey
Oeulriil riielllo
ObesBiienke AO.— Vot.Tr.oert.
Do
<lo lat pref..
do 2d pref
Alfou
Atl. Heuef. Tr. Rec...
Cbicatro linriliiKtau tl: Quliioy.
01iie«)ro A Kniiteru Illinois...
Do
pref . .
Do
pref,
it
Do
4iag
42<4
40)8
6>4
401s
6
41 14
B
40% 41^
•&7g
80>4
80^8
TQij
70%
78%
7014
541a
7838
543e
Nortliwesteni
pref,
Ohica Ko Rock Islaud & Paclttc
CliloaKo St. Louis & Pit t.ilmri?.
Do
pref.
CMoaKO St. Paul Mln. & Om..
Do
pref
Cleve. Cinciu. Clilc.
&
St. L...
Do
pref.
OolumlmsHocklnK Val. &T0I.
Delaware A Hudson
Delaware Lackavrauiia<S:\Vesl
Denver .k Rio Grande
Do
pref.
East Tennessee Va.
Do
Do
& Ga
em 547,
UU 120
•31
1>S
•13
O6H1
44^4
80%
*9
2214
Do
pref.
4 Western
Louisville ifc Nashville
Louis. New Alb. & Chleaeo
Manhattan Klevated,
Mexican Ceutra
...
coiiso!..
I
Mlehik'a u Central
& West..
Do
pref.
Milwaukce& Northern
Mlnneaiiolis
Do
& St.
Mo. K. & Tex.
pref
,
Do. new
when
Mis.soim raeitte
Mobile it Ohio
Nashv.CbattanooiraASt.Loiiia
New York Central * Hudson.
Chie.
&. St.
Do
Do
Louis.
1st pref.
2d pref.
.
21
581a
381s
31
21
33
57
57
•38
40
132
01
07
115
21
6514
6OI4
Ola
771a
221*
•379
39%101,413 80%
6I4
70%
5379
5379
118% 118
•30
•31% 33
20% 20% 20% 20% -20%
.'57% 67%
57% 57% 55
38% 38% 39
40
38
2IO1
5,90O|
2.I77I
118%
1,320
110
33
120
13!.
13%
90% 07%
*I3
1314
Ii508
41%
92
66%
114
•8%
91s
•751a
*21l2
7711
9I4
•75
•2112
22 la
80
107
81
*xl07 100
24% 24%
I6I9
118
•120
•13
110
•7
nsM
•16
1634
lOifl
60
59% 59%
81a
•23
8
•5
7
•13
10
18
26% 27
7038
26I3
106
-10
601b
108
16
I9I4
71 -^
27
8I4
27
108
60
•60
."
Ohio Southern
18
Oregon R .7 & Navigation Co! 'X06
Oreeon Sh. L. & Utah North.
3713
Peoria Decatur A Evansville
2019
Phila.A Read. Vot. Trust. Cert.
4138
Rlohmond&WestP't Terminal 2018
Do
18
26
27I2
69% 70%
261a
100 Hj
100
100
I6I4
16
691a
"OU
201a
50
pref.
Rome W atertown & Oedensb a '112
St. Louis Alton «fe T.
pref.
8t. L. Ark. & Tex., trust reo..
•12
St. Lon. & San Fran. 1st pref
•77
H
St.
Paul
i!ii
Duluth,
Do
9%
78
*7
120
80
100
8
91
•8%
10719 107
107 14
931*
91% 92
85% 85%
851a
44
40
107
'100
44
107
•70
•70% 81
107%
10678 10779
•01
111%
•60
....
•5
•13
7
15
•20
0934
27%
'00
'108
•60
111%
13%
95% 00%
44%
•43
'100
106
16
68
37
25
02
.
com
•18
22
07
96
35% 37
97
102
100
16
68
37
25
19% 10%
41%
19% 1978
77
75% •70
21% 19
21% •20% 22
41%
41
2033
19% 20
75% 77
•20
•50
41
•49
51
112
113% 113% ids" 114
'120
120
....
•11% 12% 12
12
12% 12
'75
75
SO
82% •75
80
31
31
52
114
21
97
35% 35%
19% 10%
41% 41%
19% 1978
•19% 20
41%
211a
17
O6I4
10
42%
207(
86
687,
06
31
157%
145-3(.
10
84%
8579
42
43
•7
21%
124
79
107%
8
26
60
60
16
106% 107%
90% 90%
83
84%
•00
108
•00
25%
42
94
95
111%
24
42
-90
108
•60
24%
94%
108
5
"5% 7
5% 7
7
17
13
13
12% 12%
•17% 10
17% 17% •17% 19
•25
•25% 27
20
26
26
70%. 71% 70% 71%
69% 70%
2934
28
3u>4
29
27% 28%
7078
102
100 100
16
16
60
60
37 38
2479 25
60
60
21
81%
•23
'13
100 102 -100 102
'105% 100%
10578 100
16
10% 16% 10%
•08% 60%
52
52
114
12%
80
•18
-00
76
40
122
120
12
•75
69
38
37% 37
25
24% 24%
65
.i5i4
60
65
43
44
262
18%
7%
20
10
18% 18%
•7
•28
•18
7%
29
19
21
100
•18
'90
33
-10
21
99
33-a
20
40% 41%
19% 19%
75
75%
76%!
1979 21
22
•49
49
51
114
113% 113%
'120
12% •11% 12
80
•73
Paul Minn. & Manitoba
Southern Pacific Co
105
St.
Toledo &
^£TT
&
M
N.
Ohio Central
'.'.'
Wabash
& Gulf'
";
1*0
Wheeling
prof
4 Lake Erie
;
I
Do
do
„
Wlscon.sin Central
pret.l
Co
iniscellaneonii Stocko,'
Amer. Cot. Oil Trust receipts.
Buckeye Pipe Line Ccrtlf s 5.
Chicaeo Gas Co
Citizens' Gas Co., of Brooklyn
Colorado Coal 4 Iron
Consolidated Gas Co
i
North American Co
Oreeou ImiirovementCo.
03
'.'
Pacific Mall
Pipe Line Certiflcatesv
.
Palace Car Co
.
Silver Bullion (tertlflcates
Suirar Ketlnerics Co
Tennessee Coal & Iron
'.
74
-24
2479
3358
457g
1
National Lead Trust
29%
19% 19%
3514 35%
59% 5979
29% 30%
'11% 11%
2479„
-35ie
57
28
11
70
93
70
93
59
57
29%
35%
46I4
08
x45
23781
2476
24
24%
3359;
33% 3379
44% 40%
47%
!
57% 58%
27% 28%
11% 11%
23% 2379
35
35%
73% 73%
72% 73%,
2278
23
i
-23
24
50%
27%
107
29%
19%
80
11%
23% 2379
34% 35%
73% 74
23
'105% 107%
28% 29%
23
11
2279
3479
0O«»
19
0% .May la
«l'l Aiiir. 19
OI>M,lniie 10
113%
Feb.
21
4
May li
1
Mar. 27i 3»t% Mi,V
19% All (C. 21 27% Jan.
00 Auk. '22 ()0»i .May
37% Feb. 21 46%.luly
VM Jnii.
r20 Mar.
05«Feb. 28 15% June
91% Sept. 12 111% May
•26% Feb. 3 40% July
70 Feb. 3 Mft July
65%Bopt. 23
146,001)
4,000 Uiiij Apr.
lO.sj.-,
100%
100
14%
33
29
210 85
17,510 65
200! 05
2
7
18
2i
10
10
13
14
.May 26
9 1-23% .May '26
117 .May 26
r, 148
May 6
22 OH«m Jan. 4,
12 18% Feb. 26
1 1
53 Feb. 26
12 3fl7, MaylO
AU(C. 21
35 140 Feb.
48,570 80% Sept.
1,400'
650!
70%
if
Sept.
Sept.
Sept.
Sept. 2t! ioo7h
May 10
Auk. 21 MO%junelO
Auk. 25 101 .May 13
10,4m)i 18% Jan. 13 32% Sept. 3
1,2'J3,147
Jan. 2 175
May 14
Apr. '2 149% July 21
78,3181x13438
"'"
910
14% Apr. 1 217, Sept. g.
3,515 45 Mar. 20; 01% Auk. 28
100
8% Apr. 141 11% May 21
07 Jan. 6 81 May 21
925 20% Jan. 20 27% May 21
800 96 Jan. 17 127 June 27
1.000 71
Feb 19 86 June 10
800 106 Sept. '20 1!20 Jan. 31
Fel). 19
12% May 13
100 2234 Mar. 4 33% May 13
600 13 Sept. 12 197»Mayl5857 57% Sept. 15 68 Jan. 81
8,125 103 Auk. 21 114% June 5
234 86 Mar. 5 95 July 25
40,070 82% Feb. 24 92% May 3
000 33 June 2 54% .Mar. 10
1,520 100 Jan. 14 117 May 16
1,500 1779 Feb. IS 31% June 4
6:
02 Mar. 4 104% June
84 Sept. 13 104 Jan. 23
105 106 Sept. 6 117 Jan. 23
50 Jan. 13 62% May 19Sept. 9
May 3
200 12 Jan. 3 20 May 9
210
9% Apr. 23 '20% July 16
895 22 Apr. 1 31% May lO
44,665 60% Sept. 15 79% May 10
5,7'27
13 Jan. 7 30% Sept. 25
"~ Sept. 2
106
102 Jan.
1,745 1037g Auk. 25 111 June 3
180 13% Sept. 11 18% Jan. 27
130 67 Sept. 12 73 May 5
200 36 Feb. 21 42% May 5
5,610 23% Apr. 12 20% -May 19
350 50 Mar. 31 60% May 23
11,725 4234 Sept. 15 52% May 16
10 244% Jan. 10 270 June 16
2.870 17% Mar. 1 1 22% -May 20
630
May 10
6% Mar. 25
810 27 Feb. 27 34% May 12
800 185s Sept. 17 2479 May 6
870i 59% Apr. 14 603^ May 20
9,020 29 Sept. 15 39% June 10
45,650 7131 Mar. 19 86 May 19
300 19% Apr. 11 27% Aug. 2*
1334 Apr. 17 24 June 6
"'453! 95% Sept. 22 108% Apr. 24
2,560 33 Sept. 26 56 Jan. 2
May 3
700! 16% Jan. 17 24
16,376 35% Jan. 13 48% May 19
13,065, 18% Sept. 15 28% May 21
Sept. 15 87% May 21
1,000. 74
"00 15% Feb. '27 2479 May 10
60 40 Mar. 3 53% May 14
150 104 Feb. 17 120 July 24
115 Jan. 7130i4Mayl3
600 10% Sept. 15 1479 .May 9
70 July 31 105% May 24
10 31 Sept. 22 38% June 19
82% Jan. 18 99 July 1»
420 105 Sept. 15 115 Jan. 9
3.3U0 28 Sept. 23 37% Apr. 22
4,400 1779 Sept. 13 24% -May 20
2,300 30% Jan. 4 42% June 13
42% Feb. 1 68% June 11
68% Feb. 5 95 Aug. 19
58,675 55% Sept '26 6879 Jan. 28
"8
i
19
19
35%, •34% 33%
09
68
92
02
58%^ 55% 50%:
28%i 26% 27%
•11
15
'27
11
23%
35%
72% 73%
22% 2234
261" Sept. 26' 38% Slay 8
750 10% Sept. 15 15 May 12
2278 Sept. 26 31% May 14
30% Jan. 11 42% .May 19
67 Feb. 524 79% May 19
22% Sept. 26 36% Jon. 10
7,135
6,435
5,400
2.075
1,325
93
47
08
45
101
216
1778
1779
20% 21%
30% 40%
I
42
45
80
217
42
45%
81
46
33
2178
33
22%
20%
43%
03%
22%
31%
45%
20%
28%
44%
94%
46%
97%
44%
21%
I
30
44%
91%
46%
97%
I
45%
81%i
217%!
115% HOI9 114% 115%
781a
7,260 2.1% Sept. 26 34% .May 19
132.000 2-1% Sept. 26 42% Aug. 13
71.291
40% Sept 13 65 -May 15
10,447 68 Feb. 20 93 Sept. 25
95
2 54% June 6
40
3.400 39% Jan. _
47
021 02 Jan. 2 107% May 16
97% 08
45
1,920 36% Mar. 4 48% .May 24
44% 44%
•06
957 02% Feb. 1 110 May 31
94
90
07
•17
•16
•17
500 13 Apr. 14 '28% May 14
19
18
10
18% 18
21
21% 2078 21% 20% 2079 20,305 10% Feb. 21 24% May 15
20% 21%
3
30
37% 37% 30% 37% 30% 3079 37% 100,641 36 Sept. 23] 47% Sept.
42 <ept. 17 54 May 13
•40
00
43
42
43
44
43
42
44
18
44% 45
44% 45
44% 44% 42% 44% G.183 30% Feb. 27| 47%JiUy
"ept 23 108% Jan. 21
79% 80
79% 80% 79% 80 ,700.000 879 .Sept
787e 80%
July 34
ell. 28 222
217% 217% 215% 215% 216% 210% 10% 216%| 1.463 187 Feb.
Aug. 1»
31 121
Jan.
113%V./of,oao
07%
11314114% 113% 113% 112% 113% 112%
OS May 31
77% 79% 79% 82
77% 8O79 70% 7879226.375 50 Jan. 10
Jan. 7
89
15
Sept.
3.)%
1,400
43
43
44
43
43
43
43% 42
110 Ol's Sept 12 119 Jan. 27
'94
•04
•04
00
00
90
05
93
May 14
37
22
Aug.
80%
83%| 4,010
8278 83%
83
63% 83
83% 83
23%
31% 34%
44% 45%
94
04%
23% 23%
43% 4479
02% 04
45% 46% 45% 45% 46
47
07% 977g •07% 08% •97% 98%
45
45
44% 44% 44% 44%
9979 100% •x.... 07
06% 06%
•99
I8I4
18
2II4 2158
401s 41%
'43
45
4513 40
80% 811%
215
'.'.
I
2379
I
00
02
,
5779;
26% 28%!
11% 11%!
23% 23%'
34% 35%
11%I
23% 24
3414 35%
72% 73%
25
74
24
105% 107%, 100% 108% 107
28
28% 28% 28% 29
19% 19%l 19% 19% 19%
35% 35%l 35% 35% 35
106
28I4
500
May 18
.Inn.
43h Feb.
71% Mar.
81% Auk.
I
I
Di.«tlllinK i Cattle F. Co
"'
Edi.«on (ienerrtl Electric.
Laclede Gas (St. Louis)
100
70
03
pre'-
•
Uiuon Pacitic
Union Pacific Denver
105
29% 30%
19% 20
35% 35%
BlKbe«t
1
61% 60
61
30% 20% 30
70% 75% 70
25% •23% 24%
33% 3579
10% 19%
41
41%
19% '20%
•21
69
33,012
1.008
114%
108%
12%
•08
37%
03
1,583
•13
21
115
70
106
la issOl
30
360
4oe
106% 106% 105% 100%
"24% 25% •24
0378 03% 95
04
107
100
8%
•7
2514I
02
30
38
132
55%
0% •8% 914
77% •75% 78
•23% 26
1679 1678
16% 16%
0114 6II4
to
60
IOI2
20%
pref.
Texas&Pacifie
Tol. Ann Arbor
PuUmau
120
33
•88% 82
65% 66% 05% 66
91
•23% 26
27
20% 28
27
102
106
10
70 14
38
•18
9513
21
08
37I3
2018
77
77
pref.
Do
18%
97%
44%
90
•43
•3714
<37ia 38
37%
New York Lake Erie <k West'n 2514 2538 , 247e 25%
25
-60
•62
63
Do
03
62%
pret.
New York A New Enelaml
45
45% '4414' 45
44
44
44% 4478 45
New Y'ork New Hav. k Hart x260 2
'200 270 •260 270
260 •262
2 GO
New York Outailo * West
I914 1915
19
19
18% 18% 18% 18% 16%
"7
•7
714
New York Susquehan. &. West. •7
7
7% •7
7'a
71a
29 14 29
28
Do
29
29
20
28% 25% •28
pref.
Norfolk & Western
1938 1939
I914 20
10
19
19
10
10
Do
62% 62% 0114 01% •0i% 6178 01
pref
61% -01
30'i8 3II4
Northern Pacific
30=8
30
30
20% 30
30% 30%
77 18 78I4 7513 771a 74% 75%
Do
75% 76 14 75%
pref
Ohio & Mississippi
21% 25% •24% 25% •24%
24^8 2.i58
2538
Rio Grande Western
132
21% 21% •21% 22
115
•7
•2313
iOO'e 10718 loo's
•92
031a •92
8538 86ie
85%
•41
•40
45
iboii 100% 100% 106% lOaia
2538 20I9 •25
2514
24
03 '8 03"
0378
0379 03^8
'86
36
•80
02
02
108
-70
771a
221a
120
*70ia 811a
80
107 109
107
81
109
60
8%
914
Sbare*.
38
•s.(%
91
Lowent,
75
34%
1,
Week,
4114
•31
901a
30%
B7g
7818
JAN.
Baofe of laba
70% 77%
110
13% 13
13%
96% 0578 97
44%
46
115
•o
•121a
Louis
all a.ss'nt paid
i>ref.
Issued
Kew York
•13
Om
nref
.
33
Friday,
Sep
Sept. 89.
•57g
54>«
S3is
110
1181a 118
125
07 •« 05^8
44 4i •4414
01
00
68 '9 05^8
1151s 114
108
100
181s
611a
107S8 1077s
•02
031a
6ii^ 871*
Lake Sliore & Micb Soutliem
Lon? Inland
Milwaukee LakeSh.
381s
801s
i>ref
57
Sept. a*.
4m
*75ifl
Do
&8%
41<i«
WedDMdar, Tbnnidar,
115
115 115% 114% 113
114
108% 10758 108 14 108%108l>t 108 108% 107%
142 148
80>4 821a
8038 82
S3
81% 82% 81% 82% X80%
•14
•14
14 10 •14 16 •14
16
10
10
10
40 13 401s •38
40
10
41
42
42
40>a
43
•30
•20
30
31
30
3t)
30
31
30
30
20%
•85
80
01
91
85
68I4 60
6858 6914
00 >4 70 tj
08% «0% 6878 6914 68%
*x05
07
08
97
96
06
06
31^8 32
Si's 31»8
31% 31% 3II4 3178 31
311a 32
15679 1571* 108
158 14 15714 157% l.'>7%
158 158
156% 157
uais 1441a 1431a 144 14 I43I3 14538 144% 145% 144% 145% 144%
"20
20 14 1938 20
I914 1959
10% 1014 •19
10% 10
56% 5719 •5613 571a 50% 5079 57
58
58'4
57% 55
115>9
108»8
2d pref.
Brausville.feTerre Haute
Iiake Erie
21>9
•31
20»9
•132
Istoref.
Great Xnrtliorn,
niluoisCouM-al
Iowa Ceutnil
B4
118
83
07%
ChicniroMilwaukee&Bl. Paul.
Ubtcatro
Sept. 23.
132
.t
i
Tuctday,
Sept. 22.
3U>9
Do
Clile.
Monday,
Sept. 20.
I'iu-lllo
.V
Oauatliiiti I'Mcitlo
Chloaso
Saturday,
timet
Salei
of the
77
7879'
43
45
Do
do
jiref.
99
99
Wegtem Union TcleBraph
83
83
82% 83%;
* These aretbe prices bid and askel;
nosili uaIj jl
I
1
taj jji.'L
!
i-ijii^i-jj )i;a
J ;;ai4/Ji.
x E.i dlvl.icad.
.
THE CHRONICLE.
408
Sept. 19.
Inactive Stocks.
Railroad Stocks*
100 37
.Alabama & VickburgIT
-Albany & Susqnehaima
100 160
Atlanta & Cbarlottc Air LIT.. ..100
97
South. 111. prcf
Boston A- N. Y. Air Line prcf
<fc
100 104
100 35
100
100 76
100
100
12
100
1
50 155
100
100
100 15
100
6H
100
100 '23ifl
100
100
8
100
6
100
2
100 95
14
100
100
3
100
7
50 13
100 31
100 60
100 SOhl
Preferred
Burl. Cedar Rapids & Nor
•California PaeilicTr
Cedar Falls & Minnesota
Cleveland* Pittsburg
Columbia & Greenville pf
Des Moiucs & Fort Dodge
Preferred
Dulutb 8. Shore & Atlan. IT
PreferredH
Flint & Pere Marquette
Preferred
Ceorgia PacifleT
Green Bay Win. & St. Paul
Houston & Texas Central
Illinois Central leased lines
Michigan. II
Keokuk & Des Moines
Preferred
& Pembroke
Louisville Evans. & St. L
Preferred
Louisville St. L. & Texas
Kingston
Mahoning Coal
Apr.
. .
. .
107 June
39 July
41 Apr.
80 Apr.
35 Feb.
lliflMay
3714 June
15 Jan.
38
76H
761c
35
25
10
I
I
'
Sept.
'
Jan.
Mar.
!
6116 June
Mar. 157 Jan.
52JflFeb.
1
154
25
7
35
913
20
22
Apr.
n
313 Jan.
2% Sept.
«
I
5
16
16
6
13>a Sept.
June
14
29
58
30
6
June
Feb.
24 13
31
65
33 14
75
115
7
Jan.
65
Aug.
July
May
115
July
10
82
Jan.
15 >4
May
90 12
4i8May
149
17%
17
Aug.
Aug.
Aug.
May
July
Apr.
Apr.
Mar.
8i4May
4'% July
100
50
15
May
7
99 12 Mar.
7% Sent. ISUMay
14
90
Miss. Val.1... 100
1
lO'sMay
1
97>3 Mar.
10 Sept,
25
& Essex
,
:
3
Indicates unlisted.
(
Range
Ask.
Bid.
N. Y. Lack. & Western
100
Peoria & Eastern
100!
9
12
Pitts. Ft. Wavue & Chicago.... lOOi 152
Pittsburg & Western
50 27
30
Preferred
50 34
39
Rensselaer & Saratoga
100 179
lOo]
St. Jo.seph & Grand Island
lOOl
St. Louis Alton & T. H
23
40
South Carolina
100; : 4
Toledo Peoria & Western^
100,
154 17
Toledo St. Louis & K. CityH
16
19
Virginia Midland
100 521s
110
AdamsExpress
American Bank NoteU
American Cattle TrustU
American Cotton Oil Co.K
150
Mar. 15612 June
Feb.
18 Feb.
155
41
43
50:
10i« Sept.
100 : 18
100 : 44
100 }115?4
PrefcrrcdTI
&
Commercial
99
SECURITIES.
5
'
108% North Carolina— 63,
New
New York
Citr
Bank Statem^at
as follows.
We
bonds,
Chatham
101%
96'
J.
RR
J&J
old
Funding act
20
170
10
&J
Rhode Island— 6a,
1910 98
1919 126
C0U..1S93-'1894 109
week ending Sept.
for ths
omit two ciphers
(00)
Banks.
Banks.
Bank of New
*
York...
Manhattan Co
Merchants'
Mechanics'
Phenix
City
Tradesmen's
Chemical
Merchants' Exchange
Oallatin National
Butchers' *fe Drovers'.
Mechanics' <t Tr<ider8
Lealnei Maunfact'rs.
fieventh National
etate of
OapUal. sun>i<".
New York....
s
2,000,0
2,050,0
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0
750,0
300,0
600,0
1,000,0
300,0
1.659.8
1,419,4
200,0
200,0
600,0
300,0
237,8
117,0
682,6
74,6
443,2
633,2i
2,331,S!
raciJic
Kepubllc
Iforth America
Eanovei
Citizens'
Hassan
Market & Fnlton
gt Nicholas
Shoe & Leather
Corn Exchange
ContlBeutal
Criental
Importers' & Traders'
Park
1,200,0
3,227,4
1,589,7
885,2
364,8
921,7
700,0
1,000,0
600,0
600,0
600,0
750,0
600,0
600,0
1,000,0
l.OOO.fl
300,0
],600,r.
2,000,0
East River
Fourth National
Central National
Second National
Kinth
Nation.-il
Third
N-ltiomil
240,0
260,0
3,200,0
2,000,0
300,0
750,0
500,0
l«. Y. Kat'l
Exchange
Bowery
New York Conntv
Oerman- American ....
Chase National
Fifth Avenue
German Exchanf e
Germanla
TTuited States
Lincoln
Gartield
Fifth National
Bank of the lletrop...
West Side
Seaboard
Sixth National
western National
First National.B'klyn
Total
1,000,0
300,0
260,0
200,C
760,C
600,0
100,0
200,0
200,C
600,C
800,C
200,C
160,C
300,C
200,1
6OO.O;
200,0
8,600,0
800,0
•
•
LetaU.
4.1)01,0
10,143,4
«
•
2,605,0
1,188,1
3,276.0
1,288,8
3,406.3
16,6U8,0
19,265,4
5,278,5
7,953,7
'2,.W6,6
674,0
286,1
544.1
10,641,9
6.644,1
2.434,9
4.411,3
1,459,5
13,'220.5
273,2
897,5
208,5
697,1
121,1
250,1
1,152,6
307,0
386,1
4,680,5
2,416,6
122,2
133,9
1,542,0
510,6
301,3
292,9
8,314,9
246,6
149,1
469,7
447,9
258,4
85G.9
776,9
445,3
418,8
2,950,0
2,749,6
2,879.0
4.055,9
1,787,3
2,627,0
6,218.0
4.115,0
2,160,0
20,193,0
18,928,6
2,050.5
1,1^9,3
16,389,8
49.'i,S
276,8
324,3
294.4
538.7
253.8
154.7
388,1
179,6
732,9
292,1
284,0
742.3
164,0
457,0
„ 717,0
3,720:«
.
147,1
859,9
286,6
317,1
58,?
421,0
121.4
341.7
6.GII3.7
699.0
672,7
431,4
136."
1 3.0,7
26-2,3
717,5
330.9
bbO.8
31,7
201.7
676.0
1,678,8
159,3
726,1
268,7
135,2
490,2
131,4
445,5
8»7,y
168,9
,1.8n6,n
?'3o4,l
J. 103.5
1.390.5
512.4
2,111,6
775.8
353.B
„ 318,8
3.197:2
437,2
563,7
38'A7
.385.]
2,098,0
3,513,0
330,{
3,956,8]
20,847,0
144,6
•22.05»,1
2,'279,8
653,0
187.0
1,986,(
974,6
1,022,8
80.<,4
16 113,0
591,0
131,0
305.1
6,572,0
4,8S0,0
6,155,2
19,920,0
3,648,1
1,300,2
2,658,0
3,220,0
2,599,1
11,552,3
4,616,4
3,281,7
3,200.5
4,427,9
3.791,5
3,638,8
2,07 l.ii
4,610,S
2,126,0
825.7
118,9
160,0
115.4
47,8
932,1
250,a
632,3
308,5
49,9
2 '.5,6
]
262,1
222,1
301,8
225,C
289.0
i
1
91.0
273,5'
170,01
Mar.
Sept.
23
13
80
June
Jan.
May
Jan.
31
6
May
1
Mar. 100
Jime
23.
A=k.
Bid.
5
4
99 101
67
77
1913' 106
1913 100 104
1913
721s 72%
50
GO
settlement, 6s
Virginia— 68, old
I
6s, consolidated bonds
68, consolidated, 2d series, rects.'
6b, deferred, trust receipts
50
56
8
'
Specie.
Jan.
9 Is June
Feb.
431s June
351s Feb.
May
23%
181s Apr.
63 Sept. 90 Jan.
June
150
135 Jan.
58
38
Capital A
Survlu9.
Sept.
35
42
100
128
Apr.
June 301
581a Sept. 66
SECURITIES.
New
Ills June
461s Sept.
71s Apr.
36
90
290
May
87 Jan.
100 Sept.
36 Jan.
33 July
105 Is June
271s Aug.
68 Is May
25 Jan.
16 Feb.
91 Jan.
'
10
Lesals. \Dtvo»its.i fi»s'rn Oleiringt,
\
«
a
S
$
S
Aug. 23... 129,799,8 397,872.3 68.621,1 20,254,2;389,553,1 3,652,7 717.416,7
SO .. 12(l,79R,8i392,510,l 69,595,6: 26, 15.), II 385, 149,5 3,65 '2,3 628,007.0
Sept. 6... '120,799,8;39 1,978,1 70,21S,7 25,482.01.38 S,393,3 3.633,;(!530, 121,3
"
13...
20...
Boston.*
Sept. 6...
•
13...
"
20...
i
I
I
120,799,8 393,1 6il,0 67.812,3 21,663,5'383.250,3 3,702.7 '729,990,9
120,799,8[392;e3i;6l76;417;'2,22;983;7i389,982;8;3,688,3 828,699,6
61,635,4 152,769,71 9,618,7 1,193,9 128.3H2,4:3,197.1 73,323.9
64,685,4 153.004.7 111,329.71 4,401,2 129.401.7'3.laS.5l 86,418,3
64,685,4 153.551.8 10,3'29,71 4,613,5 129,739,4 3,206,71 87,123,0
PhllH.Sent.
6...
••
l:i...
"
20
..
35,793,7
35,703.7
35,793,7
99.110,0
98,508,0
' We tyinit two ciphere in all these figures.
delphla. the item " due to other baaKs."
65,831.5
69,073,1
72,132,8
91.358.0 2,110.0
93,662.0 2,142,0
93,402,0 2.143,01
22,323,0
22,617,0
22,822,0
37,98J,0|
t lacludiaii, tor
Boston and Phtia
City Railroad Securities— Brokers' Qiotatioas.
Atlantic At., B'klyn.St'k.llSO
Gen M.,5s, 1909...
105
Sl'cKerSt. A Ji'al. K. -8tk. 21
Istmort,, 7s., 1900-.JJtJ 112
ilr-dway t 7th.\T.— St'k..'l95
l8t mort.,58, 1904 .J&D, 104
2d mort, 59, 1914.. .J<feJ 103
135
107
27
115
206
106
105
'24 104
B'way 1st, 6s, gu
2nd 68, int. as rent., '05. 92
'169
Srooklyu City— Stock
Istmort,, 5s, 1902. .J&J 105
B'klyncrosst'oSs., 1908 108
Jentral Crosstown— 8i'k.. 155
Istmort., e3,19'22.MAN 118
93
171
106
110
a&O
10 i
1
:)ent.
Pk.N.&E.RiT.— Stk.il20
Consols. 79, 1902 ...JAD 117
Jry Dk.E. B.& Bat'y— Sit. 140
ist mart., 7s, 1893..J&D 102
120
123
120
107
Dry Dock
E.
By &
B.-
SorlpOs
ffiKhth
At.— Stock
FAA
1
100
2M
109"'
'423
Or'nd St. F'ry-Stk. 240
Ist mort., 73, 1893. .\JiO 108
42dSt. Manh.Jt St.N.Avo.' 14
Istmort., 69, 1910.. SI&3 112
230
'46"
A
1
103
lEighthAT.— Scrlii,63,1914 105
115
2d M„lnoome,63....J&fi 53
,Hoa9tW.St.JSP.F'y-stic. 3 JO
60
1st mort., 73, 1891.. J.fcJ,103
107
I
103
no
'113
Second At6.— Stock
istmort., 59, 191O.SI&N|105
200
Sixth Ave.— Stock
122
107
'Ninth
ATe
Istmort., 79, 1£.90..J&JI105
ioa"
.273
Third Ave.- Stock
l9tM., 53, l'J37. ...JJiJ 109
Twenty-third St.— StouK.. 23)
iYo~
tst movf.. 7s. 1813.
..
UOS
x'ni"
1.9110,0
81,7
•J60,S
650,f
656,!
867,2
9.901.5
1,226,(1
l08,3
92,7
3,997,71
l,448,0i
3,186,3
4,309,8
1,719.0
3.020,0
5,305,8
4,448,4
1
ie9,c
4,218.8
8,341,1
3,081,0
10.790.1
5,710,9
3.119,5
4.575,3
13.928.3
2,810,0
263,2
191.3
110,3
311,0
227,0
365,2
231,1
79,(1
910,6
13,9j1>,7
'2,813,2
425.0
687,4
699.6
9,966,8' 2,124.S
4,324,1 1,007,1
*
10,700.0
9,620.0
6,362,8
0,139,0
11,423,0
3,955,0
11.444 2
1,955,2
93,482,5
3,585.2
»,9o5.7
1,799 2
3,030,u
1,113,5
3,018,1
1,108,1
2,816,3
12.159.0
83,1
1.131,"
180.2
4,119,0
3,915,6
138,7
187,8
3,806.1
829,«
6,557.01
4,148,0 1,093,0
955,3
5.338,4
21,465,8' 4,4311,8
3,922,8
396.1
1,447.0
170,c
2.573,0
528,(
710,t
2.858,1
2,901,7
472£
2,831,7
2,832.0
3,894,3
8,513,8
3,257.9
1,811,3
DtpoHtt.
490,0
3u4.0
11,010,0
9,367,0
6,101,4
66,0l
1,982,8
6,289,41 22,443,5
125,6:
3,172,3
5.037.7
1,502,«
287,5
1,752,0
6,000,0
1,000,0
1.000,0
422,7
1,600,0
460,0
200,0
Mercantile
SveeU.
2,850,0
2,«5i;o
844,9
1.860,7
7,791,!)l 1.331,0
1,809,9
2,013,6' 12.208,3 2,247,0
American Exchange.. 8,000,0 1,898,8
Commerce
Broadway
Loan*.
I
May
South Carolina— 63, non-fund.1888
Brosvn consolidated, 6s
18931
Tennes.see— 6s, old
1892-189S
Compromise, 3-4-5 6s
1912j
in all eases.
York.
32
Sept. 75
Sept. 120
Ask.
2
5
*.
(Oa« omittci.)
33
10
20
1900
1892 1898
Special tax. Class 1
Consolidated 48
6s
i
jgO, 1890, is
Bid.
Missouri -Cort.— Fund. . 1894-1 895 110
New York- 68,loan
1893 109
68, loan
1893 109
107
114
103
Jan.
421s July
151s June
824 Aug.
,
SECURITIES.
Ask.
Bid.
1906 104
1006 108
ClassB, 5s
1906 ....
Class C, 4s
1920 105ia
Currency funding 48
Arkansas— 6s,fund.Hol.l899-1900 10
do. Non-HoUord 145
6
78, Arkansas Central KR
1890 lOl^s
Ceorgia— 78, gold
1914 105
Louisiana— 78, cons
88
Stamped 4s
Missouri— Asylum or Unive..l892 103
to
191s Aug.
531s May
274 Apr.
15 Jan.
IOOI2 Sept.
2212 Jan.
521s Aug.
100 101 il02
Consol. Coal of Maryland
100 26
28
Laclede Gas pref
100 52I2' 71
Lehigh & Wilkes. CoalU
22
!6
Maryland Coal
100 12
15
Minnesota Iron
100 81
86
New Central Coal
100
9
11
Ontario Silver Mining
100 45I3
Oregon Improvement. pref. ... 100
Pennsylvania Coal
50 taoi
Phila. Natural Gas
50
Postal Telegraph— Cablell
39
41
Quicksilver Mining
100
74 9
Preferred
100
41
42
Texas Pacific Land Trust
100
17
20
U. S. Express
100 :66
Wells, Fargo Express
.100 !143
Mar.
Mar. 156
98
Caljle
May
May
4
Aug.
42
100
June
461s
Jan.
110
85if
July
May
May
May
201s May
Aug.
17% Aug.
181a
NEW YORK STDCK EXCHANGE PRICES.—SrATi; BONDS ON SEPTEMBER
Alabama-Class A, 4
Jan.
Sept.
Jan.
4212 July
10 Jan.
45
83I3;
Cable
100|
American Tobacco Co.,pref ..100
Brunswick Company
JlOO
Columbus & Hocking Coal
100
Telcgr.ipb
I
36i« Sept.
II2 Jan.
14% Jan.
17
38
June
115
15
157
30
41
185
16
1514 Mar.
|
American Express
Am.
100 150
Highest.
\
Apr.
25 12
34
179
13
in 1S90.
{sales)
Lowest.
nilsrellaiieous Stocks.
Aug. 384 May
9558 Mar. 103 13 May
11 June 144 Mar.
67>3 July
100
100
May
May
Sept. 19.
I
,
27 May
15 Feb.
24i4July
Feb.
4=8 Mar.
23
25
94
1
j
Apr.
Feb.
5
18
25
5
Preferredr
Memphis iS Charleston
Mexican National
<5r
1:
May 175 May
Jan.
91% May
lOlifl Jan.
50 112
Preferred
Uewport News
35
Apr.
88
I
50;
Manhattan Beach Co
Marq. Houghton & Onton
Morris
35
171
44^8
!
100
nighcst.
Lowest.
LI.
I'lHoites actual sales.)
(t
Inactive Stocks.
i
i
Brooklyn ElevatedT
Buffalo Eocbester & Pitts
Kanawha &
Jianr/e {salts) in 1 890.
Ask.
Bid.
t Indicates unlisted.
[Vou
PilCCES {G'mtiavia\)-I\ACTIVE STOCKS.
NEW YORK STOCK EXCUVNKE
Belleville
1
4,013,1;
1,185,1;
8,500,9
1,105,0
]
60,812,7 59.987,1 .S92,831,6 76,417,2 22,983,7 389.932,8
Bank Stock
BANKS.
Bid.
List
— Latest prices of bank stocks
Ask
BANKS.
Bid.
Ask.
tliis
-week.
BANKS. Bid.
New York...!210
I
219
Imerica
Km. Exch... 157
Asbnry Park
305
Bowery
Broadway...
222
160
70
310
300
189
145
^aUatin
Garhold
200
31)1)
German Am. 1'20
German Ex. 300
126
Germaula.... 270
...
Greenwich... 145
Batoh3'<& De. 18'i'"
133
350
Central
HanoTer
300
...
Chase
Hud. RlTer.. 150
Chatham
330
Im. <& Trad' 3' 560 600
Chemical
4500 6000 Irring
190
....
2i!0
506 515
Leather Mts*
City
1250
187
Lincoln
250
dltiiana'
230
Oolnmbla
Madison Sq.. 97 101
Comaierce... 206 203
Manhattan...
Continental 140
145
Markets Fol 230
Corn Exch... 245
Mechanics'.. 216 225
Deposit
IIU
M'cb9'<& Trs'. 265
tiMt Kirer.. 160
Mercantile... 216
163
nth Ward... 200
Merchants'..
fifth Ave.
1600
Merch'ts Ex. i23" 130
300
Fifth
Metropolitan 18
first
__ 2000
Metropolis.. 350
First N., 8. 1. 107
118
Mt. Morris . 400
14th Street
170
Murray Kill. 250
Fjnrth
170
173
Nassau.
N.Y. Coanty. 60.5
N.y.Nat.Ex.!137
160
Ninth
N. America.. 180
North Hiver. 155
200
Oriental
160
Pacitlo
312
233
143
Pheuix
Produce Ex. 112
191
Repablio
162
Seaboard
.1325
Second
140
Seventh
ShoeJkLaach. 160
Park
Peoplo'a
123
112
lot
106
Uuit'd States 200
Nicholas
State of N.y.
Third
Tradesmen's.
St.
Western
West Side... 200
116
112
107
ioJ'-i
...
.
Septhmber
„
'
F
.
J
1
THE CHRONICLR
37, 1890.J
409
BOSTON. I'HILADELPHIA AND BALTIMORE STOCK EXCHANGES.
tW Ihare
Active Stocktt
Hppt.
Atih. T.
A
8. Fo (J}oaloti).1W>
414t
"
100
Atlallllr.t Pllc.
Ohio (Jlall.J.H>i>\ •
llHltliUDri'
"
1(10, •l'J3
1 «l lircffiicd
"
lOOl ll.">
•-M prcfiTred
A
Boston A
llostou
l.owpll
licwloii &• Maiiii>
tViitinl of Mass.
"
"
"
"
riilo. Mi!. A^t.P. rP/n7.;.10O
(hi.-. .V W. MUU. fhostOHj. 100
•
(in..'^an.,V('li'Vi\
50
rrefeni'd
rantou
t)738
•29
104
120
"
"
.
LcUlRh Valley
"
"
Per Oentnm Price*.
Sept. 23.
8cpt. Zl.
401a
'
41
6
106
•103
6ti>*
27
88>4
22I4
51% 51%
"68 ig
30%
77%
40
9614
6514
29
IO6I4
871a
68I3
31I9
7818
52% 53
2OI61,
'Sgia'sgiii
205
19ij
•22
46% 47
52
52%
223
204
200
38
29
20
8
27
169
87
24
169
87
110
229
176
20-1
10
39
39
07%
66%
96
33
7
28
•28
•24"
"is
169%
88
88
94
22>a
221a
'22<4
47
46''9
22%
46%
47
4714
47% 47%
52ie
52
5216
52
52%
52
241a
2514
4438
?4ia
25
45
2458
44
45
23 14
44%
118
1171a 1171a
68% "66
68%
29»8 30
3OI4
301a
30
751a 7714
74% 75% 751a 76%
1681a 1681a 168 168
169 169
52^8 53
6258 52's
5258 52%
321a 321a
32% 321a 32ia
201a 2011,
207,8 2008 20H,» 20%
61a
dis
61b
61a
5714 58
5718 571a
57% 58
117''8
117
24%
25
45
118
43
117
3018
75»8
305b
76%
52% 52%
20% 20%
6>4
6%
55% 56
...
57 1«
Ask
Bid.
Inactive stocl<s.
Bid.
IThom.Europ.E.Weldir (Boston) 100
67
Water Power
Atlanta & Charlotte {Ball.).
Boston & Providence (Boston)
'•
"
l8t preferred
2d preferred
Central Ohio
Chan. Col. & Augusta
"
(Ball.).
. .
Br.(P/i!ia.).:
117%118%
223
170
K.C'vFt 8.&Gulfpf.
K. CftyMem. &Blrm.
Little Schuylkill
Manchester & Law..
Maryland Central
Mine Hill & S. Haven
Nesquehoning Val
Northern N. H
North Pennsylvania.
Parkers! inrg
Pennsylvama&N.W.
Raleigh
&
Gaston
Butland
1 St
dc
Roanoke.
preferred
West End
4
Chlc.& W.Mich, gen.
lillS),
"
(Phila.).
(Bosloti).'
( Halt.)
"
91
A&O
L.
!
'.'
I
& Augusta
"
]
Wilmiugfn&Weldon
"
1
Wiscon.sin Central... (Boston).!
"
PrefeiTed.,
]
"
Wore'st.Nash.&Roch.
]
MISiCELLAXEOUS.
Alloucz Mining
(Boston).
'•
Atlantic Mining^
City PaBsengci-KR... (Bait.).
Bay
Btate
Gas
Boston Land
9%
226%
230 109% Jan.
44 Jan.
58
1,085
2,200
19%
72
563
185
47
470
162
305
54
5058
49
30
52%
11%
249
53
44
37
2,240
30j 68
54%
Feb. 11
54% Aug.
.'>7%
25% Mar.
Apr.
36% Sept. 23
50 Jan. 10'
47% Sept. 81
300 25% Sept. 17,
4,695 23% Jan. 22|
50%
26
25 14
4
37% Jan. 6
54 May 22
5,710
36.627
3,038
7858
Sept. 19
Feb. 11
June 11
Mar. 19
5058 Sept.
49
37%
June 12
June 9
Feb. 24 2658 June 2
Jan. 28 323 June 18
53
Jan. 23
47%
Sept.
2
May 21
69% June 6
27 May 28
32% May 26
9458
Ask.
Bid.
58, r
.
&
St, L., 78. ...1900,
F&A
119
!
Bonds.— Baltimore.
08
&C. B.,78..1907, J&J(
Rock&Ft. 8., 1st, 78. .1905, J&J
Atlanta &Charl., 1st 78, 1907, J&J 121% 121%
1900, A&O 106 107
Income 6s
Baltimore & Ohio 4g., 1935, A&O 102 102>«
(
,
i
I
Conn., 5 g. 1925, F&A
Staten Island, 2d, 5 g.l926, J&J
Pitts.
&
. .
108
I1O8
I
Bal.&Ohlo8.W..l3t,l%g.l990, J&J 100 100%
CapeF.&Yad.,Ser.A.,6g.l916, J&D 105% 106
'
;
'
110
32
May 19
May 7
8
i
11
I
Wilin. Col.
3'
I
latc(fti.sol.income8, 3g,uon-cum. 5
39
2d consol. incomes, 38, non-cum. 15 26
27
N. Y. &N.Eug., 1st, 78, 1903, J&J'5t24%l
Istmort. 68
1905, J&J 5ll6 1116%
2d mort. 6s
1902, F&A 5
'106
2dmort., scaled, 5s.. .1902, F&a!5
'. ...
Ogden. &L. C, Con. 63.1920,A&o!5il03 1104
Inc.Os
19205
26
Rutland, Ist, 68
1902, .M&N 112
Preferred
West Jersey
(Ph ila.)
"
West Jersey & Atlan.
Western Maryland..
(Bait.).
Bcpt.
Sent.
'
'
]
55%
79% 80
Po'keepsie Bridge, 6 g. 1936, F&A
109
BchuyI.R.E.Side.l8t5 g.l933, J&D 108
107
8teuben.&Iud.,lstm.,58.1914, J&J
1894, A&O 106
'100% UnltedN. J.,6g
ill*
Warren & Frank, lRt,79,1896,F&A 108
I
'•
5
[
26 6858 Jan. 2d
20 x225%Mar. 21 233% Auk. 21
7931
7% Ma.r. 25 12% May 27
230
Pitts. C.
I
69
17% Jan.
!
2.694
I
<
(Boston)
"
]
(Bait.)]
"
(Boston).
310
Jon. a
39% June 10
Mar. 19 80 May 19
Au(?. 28 179
Apr. 29
Sept. 26 56% May
1
Jan. 2 36% May 21
.
1....
lLoul8.,Ev.&St.L.,l8t,6g.l926,A&0
110
2m., 2—6 g
1936, 4.&0)
Mar. H. & Ont., 6s
1925, A&O i
19'.'3, J&D SlOO
Exten. 68
Mexican Central, 4 c... 1911, J&J 5 7l%| 72
(Bait.)
200 26%
14,0.55
Sept. 15i
I
(
(Bait.)
I
Bonds.
liK.C. St. Jo.
(PhUa.)
June 10
June a
52% May 16
3 121% July 17
Sept. 15
I
5s, 1921,
!
Iff
May 21
May 2
May 2
June 10
May 1»
May 19
I
I
(Bostmi).:
(Phila.).
29
July
1
I
(Phila.).
»
. .
Burl.&Quincy4s..l922,F&Ai
Iowa Division 4s
173
. ]
Preferred
Seaboard
Chie.
I
t
21
1910, Var 111%
1913, J&D
Collat. Tr. 4% g
129
37 Fa. & N. Y. Canal, 7s. 1906, J&D t
1939, A&O' 115% 116
Consol. 58
Perklomen, Ist ser., 53.1918, Q-J 102% 103
112»»
Pulla.&Eriegen. M.5g.,1920,A&O X
1920. A&O; 101
117%! Gen. mort., 4 g
Phila & Read, new 4 g., 1958. J&Ji 81% 31%
68
68%
Ist pref. income, 5 g, 1958, Feb 1
102% 2d pref. income, 5 g, 1958, Feb. 1 47% 48%
3d pref. income, 5 g, 1958. Feb. 1 38% 39
111%
1893, A&O 111
101% 2d, 78
1911, J&D 129%
91% Consol. mort. 78
1911, J&D 119
95%! Consol. mort. 6 g
Improvement .M. 6 g., 1897,A&0 104%i
92
88%* Con. M.,5 g..stampcd,19'22,M&N 100%
Phil. WUm. & Bait., 48. 1917, A&O 100
102
J&D 91
Consol. of Vermont, 38.1913, J&J
88
Current River, let. 5s. .1927, A&O
'Det. Lan9.&Nor'nM.7s.l907,J&J 4
69% Eastern 1st mort. 6 g., 1906, M&B 6124
Free.Elk.&M.V.,l8t, 68.1933, A&O I
Unstamped Ist, 68
1933, A&O Sl20
K.C.C.&Bpring.,l8t,5g.,1925,A&0
5
-'
"
K. C. F. B. & M. con. 68, 1928, M&N,)
K.C. Mem. & Bir.,lst,58,19'.J7, M&8
07
"
Har.Ports.Mt.Joy&L.
Kan. C'y Ft. 8. & jMem. (Boston).'
9
2ff
217 113 Jan.
10 63i4Apr. 28 71
Penna. Consol.
72
1
Cheshire preferred.. (Boston).:
"
Connecticut & Pass.
"
Connecticut Elver.
Delaware & Bound
100
50
42%
8,987 20
20,580 71%
27 '102%
2,119 52%
Ask.
At.Top.S8.F.100-yr.4 g..l989, J&J
82
100-year income 3 g., lS»89.Sept.
58%
Burl. & Mo. River Exempt 6s, J&J,
Non-cxempt68
1918, J&J
Plain 48
1910, J&J
Chic. Burl. & Nor. 1st .5,1926, A&O, 102
2d mort. 68
1918, J&dI .101
Debenture 6s
1896. J&D
(Phila.)
.
Catawissa
••
"
Westlnghouse ElccH
Bonds.— Boston.
May
May
May
May
May
May
0459 Sept. 12,111%
2,576
117%
.
Inactive Stocks.
Camden & Atautic pf
44
52%
VnltedCo.'. of N.J.crAi7«.;100 232
X230 230
230
230
230
...
•938 10
WcsteruN.Y.AParP/iiYa.; 100
9
10
flij
9%
91a
91a
9% 9%
91a
RIltiCellHiicouH Stock*.
Bell Telephone ( Boston) .100 2261a 227
227 227
226
226
226%
227
2251a
226% 227
58I3 59
"
Bout. & Montana
25
5878 58''8
5914
59
59
59
57% 57% 87 14
"
20 1^ 20 14
Butto& Boston..
25
20 14 20%
20ie 203e
20
20
19
10% 18%
"
Calnniet <fe Uecla
25 '308 310
308 310
306 309
305 308
305
305 306
54I3 541a
Canton Co
(Bnlt.).\0O
54
54
54 14 541a 541a 541a 54Lj 541a
54
"
ConsolldatedQas
100 *51
5114
•51
50% 50% 51
•30%
51
5118
6058 51
Eiie Telephone (Soslmi).lOO •48 H 49
*48ia
»48ia
*48ia
49
49
49
Lauison titoreSer. "
50 32
32
31
•30
311a 311a
31
30
31
30% 30
52I9 52%
Lchi'h Coal&Nav. (Phil ) 50
5214
5214 52%
521s 52I4
52%
52%
N.Eng. Telephone fifo««'n; 100 •51
*51ia
•51
*51ia
•51
•51
North American. (Phil.).\00 40% 41I4
37
40
36% 3758 37% 386p 38% 38% 37
SngarRettneriesTI CiJo»rH;l00
78% 805e 77% 781a 77% 78% 79
81% 77% 80% 76%
Thoiuson-IPnEl.TI "
25
51% 51% 50% 52
50=8 52
50
501a 501a
501a 51%
"
Preferred
25 •2513 25% *25% 23% *25ia 23%
IT
23^^ 255e
25% 25% 2514
26I4 263?
West End Land... "
25=8 26 14
26
26
2513 25%
25
25% 25%
.
2459
20%
Mar. 20 130 July H
Jan. 14 111 Mnr. 24
Jan. 1H2;U% A UK. \4,
Jan. 15 177 July 11
Juno 30235 Apr. 8
Jan. 9, 23% July 21
Jan. 3 45 May 21
05 14 Sept. 23 70%
27 Feli.
46%
"i35| 23% Mar.
33
0% Jan.
12
50
22 Apr.
29%
""ii 126 Jan.
173
183 82% Jan.
9514
100 24 Fol>.
39
1''
01 Feb. 10 104
807 15% Apr. 1| 23%
799 42% Mat. 24! 49%
1,005 51% Bent. 15 .54%
130 Feb. 10 156
14,069 17 Jan. 20 31%
52
152
20ia
"5
50\ May 21
U'4 Mar 1»
111
22 1(»7% May 23
18,525
23 14
525g
57
230
510 29
5,8 »7
75 >4 76
169 169
168% 169
14%
3651
67% 68%
29% 30%
68%
30
Mar.
97% Jan.
77 215
49 108
263 1-49
•02%
04
22% 22%
Hlcbeet.
4%
•24
47
52
93
Loweat.
126
1 12
29
8
'24
•92
2438
la 1800.
30>4 Jan. 15'
25
118
229
170
205
161) >3
86% 80
I
54 ,'203
90%
65% 65%
160
68%
Pricct of September 26.
Share*.
39%
18% 19
30%
18%
RAngn of mile*
Week,
•5% 6I4
...
103% 103% 103%
130 ....
....
39
06
60
10%
371a 30%
97
07
0618
65 >a 66
160
88
4114
227 ii 228
176 170
201 204
40
96 14
241a
169
•87
Friday,
Sept. 26.
ilfi"
2914
170
88
1031a
130
8
152
26
25% 25%
45 14 45
45
119
118 118
1681a 169
20%
19
*92i2
93
50
45
205
2439
46%
"25>4
19i«
41
96 14
tift 67
29
8
•24
170
f.O
Malno Coiitral (Bo$lon).100
"
Mexican Central
100
"
100
N. Y. & N. Eng.
"
Preferred
100
Northern Central (Ball.). 50
Northern Pacific fPAiVa.;. 100
"
Preferred
100
Old Colony.... lBoaton).\00
Pennsylvania.. (Phila.). 50
"
PhiUulel. & Erie.
50
"
50
Phlla. & Kea<lintf
euuimit Uranch fJJo«(o»0- 50
'•
100
Vnion Pacific
205
TbiirMlny,
Bcpt. 25.
4m 30%
0
405s
'121
.....
Bale*
of the
WednoiKlar,
115
205
19
40
06
.
I'rcfcrri'd
40% 41%
•0
100 100
125
115
30
100
7Hl
rtvtvncd....
100 •24
(Boston} 100 168
En«tcni
•'
FltclilmrK pref.
100 88
"
100
Fl. & Pcrt» Marq.
"
Pri'torred
100 93
22 U
Hunt. <fc Itr. Top. (Phila ) 50
A-
42>4
100
100 205"" 205
20
100 •i»
100 •40I11
100
'•
Cliio.Biir.&Quin.
C'livr.
Sept. 22.
'JO.
— not
Tuesday,
22U% 220% 226% 226% 2271a 2271a 227
175 175
174 ....
•175
Alhixiiy rBo«toii;.100
&
Prices
Monday,
Saturdny,
H IiKlicatca iiuUstciL
I
1916.J&D 102% 102%
Serie8B.,6g
1916,
1930,
Series C, 6 g
Cent. Ohio, 4% g
J&D
M&S
103%jl04
Charl.Col.&Aug. Ist 78.189,3, J&J ib8""|ii6"
Ga.Car. & Nor. Ist 5 g..l9'29, J&J 102 102%
North. Central, gold 6s, 1900, J&J 115%'ll6
J&J 117 119
Gold68ofl904
1926, J&J 109% 110%
Series A, 58
106i»
1925, A&O 106
4%9
2d, 58
1898, F&A
99% io6% Oxf.&Clark.,lut.gu.,6g.l937,M&N 102% 103%
Picdm.&Cum.,l»t,5g. 1911. F&A 101% 102%
Bonds.— Philadel hia.
Allegheny V.1I., 7 3 10s, 1896, J&J 109 'no
Pitts.&Conneils. I8t78.1898, J&J 115% 116
Atlantic City Ist 5s, g., 1919, M&\ t
105% Virginia Mid., 1st 6b. ..1006, M&S 117 1110
1011 M&S 114%114%
Belvidcre Del., Ist, 68.. 1902, J&D
'.id Series, 6s
109
1916, M&S 107
Catawlssa, M., 78
1900, F&A
3d Series, 6s
3-4-58
M&S 80
1921,
Char. Cin.&Chic.l8t5g, 1947, Q—Ji
4th Series.
1926,M&S 101 101%
Clearfield &Jeff., Ist, 68. 1927, J&J, 117
5th SerieB. 58
Connecting. 6s
1900-04, M&S fll8
West Va. C.& P. Ist, 6g.l911, J&J 110%, 110%
Del. AB'dBr'k, I8t, 78.1905,F&A 130
West'n N.C. Consol. 6 g. 1914, J&J
Ea8ton&.\m. l8tM.,5s.l920,M&N
115% Wilm. Col. & Aug., 68.. 1910, J&D ii'a ",i'i6"*
I
'
!
5S
I
I
1
I
(Boston).
I
I
I
•*
I
"
Centennial Mining...
Fort Wayne Ele-ctncTT
Franklin Mining
Frenchni'n'sBayL'nd
"
"
Huron
.Mining
"
Illinois 8teeltl
"
!
"
'<
Elmir. &Wilm., 1st, 68.1910, J&J.
1
Kearsarge Mining
"
Morris Canal guar. 4. (Phila.).l
Preferred guar. 10.
"
1
Osceola Mining
(Boston)
Pewaliic Mining
"
Pullman Palace Car..
"
"
(iuiuey Mining
Tamarack Mining
"
Thoms^nElec.Weld'gil
•'
1
Tliese are the prices bid
Hunt. &Br'dTop,Con.58.'95,A&0
Lehigh Nav. 4%8
1914, Q— J
2d Gs, gold
1897, J&D
General mort. 4%8, g.l924,Q—
~",
Lehigh Valley, Ist 68... 1898,
J&D
2d
1910, M&S
Consol. 6
1923. J&D
North Penn. Ist, 7s.... 1896, M&N
Gen. M. 78
1903.J&J
Pennsylvania gen. 68, C..19I0, Var
Consol. 68, c
and a*ked; no 8ale>ag made at the Board.
I
120
...
103
104
108% 109
112% 113
103
113
.MiscELi-.t.NEous.
'
Baltimore— City Uall 6s. 1900, Q—
1900. O—
FaudingOs
68..1902,
.190; J4J
We<t uaryl'd
uarvl'd RR. 68.
„
Wc<t
1916, .M&S
Water Ss.
1016. .M&.V
Funding 58
.
Exchange 3%s
132%
ii33% 134% Chesapeake Gae. 68
116 117% Consol. Gue, 68
......
1905. Var tll8
H Unlisted.
(§
129
127
58
P29%
120
l|'29ia
J&J 104% 104%
67% 63
J
'i'liH
108% I0!>
^^J.o"'w',*
1939, J,tJ 114% 115
''',??.•
1913. A&O
Virginia (State) 3s, new. 1932. J&J
I
,
1124
1-29
1930,
Equitable Gas, 68
And accrued Interest.
122% 123
122
123
Latest quotation
101
(101>*
109% 110
ma we«fc
M
J
.
IHE CHRONICLE.
410
NEW YORK STOCK EXCHAXtiE PRICES
Bailboad and Miscel. Bonds.
1^,
.
Eange
'Clos'ng
5''*.'"«'i
Price
I
^Period, sept.26,
—
(Continued).
— ACTIVE BONDS
[Vol, LI.
SEPT. 26, and
^———! 'Railroad and Miscel.
(sales) in 1890.
^^^^
Loivesl.
1
i
Bonds.
Highest.
since
JAN.
Bange
\t„i.^J^^°^'^'0
f,""';^*'.
I
Price
Period, scjjt 26
1,
1*90.
(sales) in
Lowest.
1890.
Highest.
I
83 Sept. 88 May N.C.&S.L.— Co«.— Con.5g.l928 A & O 108 b, 10634 Jan.
At.Top.&S.F.— 100-yr. 4g.l989 J & J 8314
7014 May N. \. Central-Extend., 53.1893 M & N 10212b, 10138 May
5918
1989 Sept.
lOO-j-ear Income 5 g
541s Feb
Ist, coupon., 7s
12 Jan.
2414 May
1414
1903'J & J 127 b. 3 26 Sept.
Atl. &Pae.-W. D. Inc., 6s. 1910
Deben. OS, coup., 1884... 1904
8212 May
1937 J & J 78 a. 7012 Feb.
& S lie a. 110 Mar.
Guaranteed. 4 g
Can. South.— l8t guar., 5s. 1908 J & J loeiali, 105 Aug. 110 Feb. i'N. Y. & Harlem— 78, reg. .. 1-900 M & N -126 a. 124% May
96 Sept. 100% July :|N. Y.Chic. &St. L.—4g....l937 A & O 94
1913M & S 9638
92 Aug.
2a, 5s
1906 J & J II2I2 112 Sept.
Central of N. J.— Cons. 7s. .1899, Q-J 116 b, 117 Aug. ;122 Jan. In. y. Elevated— 7s
1902 M & N 125 a, 124i2Jan. Il28 Feb. N. Y. Lack. & W.— Ist, 63. .1921 J & J 13112a, 131 July
Consol., 78
Con.=truction, 5s
1923 F & A 109 b. 107 Sept.
Generaimortgaee, 5 g.-.1987 J & J llOia jllO Sept. II312 Apr.
II314 113 Mar. 116 Jan. N.Y. L.E. & W.— I3t,cou.7g.l920 M & S 134i8b. 134 Sept.
Leli.&W.B..cou.7s.,a3'8a.l900 Q—
LongDock,7s
1893 J & D 10814b. 107 June
1912,
& N 103 a. ;102 May 103 Apr.
do morttfage, 58
Consol., 6 g
1935 A & O II9I2 119 May
Am. Docli& Imp., 5s.... 1921J & J 110 a. 107 Sept. IIOI2 June
2d consol., 6'g
1969 J & D 102 b. 9838 M.ar.
Central PaciHc— Gold 6s. ..1898, J & J 11334b. 112 Jan. 116% Mar.
Ches. & Ohio.— Mort. 6 g..l91llA & O 115 a. 115 Sept. 118 Feb. N. Y. Out. iteW.— l8t,6g...l914M & S 10912b. 110i4Scpt.
99 12 Aug. 103i2Apr.
Consol. 1st, 5 g
1939 J
9512b. 951a Sept.
1939 M & N 99^8
l8t consol. 5g
67 Sept. 73 12 June ,N.Y.Sus.&W.— Istref.,5g.l937 J & J 98 b. 9612 Apr.
E.&A.Dlv..lstcon.,2-4g.l989 J & J 69 12
Midland o( N. J.— 6 g
82 JiUy
1910 A & O 11512b. 113 Apr.
Istcon. g., 4..1989 J & J -79 b. 82 July
do
1989 J & J 74 a. 67I2 Apr. 77 May iNorf. & W.— ]00-year,"5 R.1990 J & J 96i2b. 95 Mar.
2d con., 3-4 g
•107 b. IO712 Aug. ill3i2 Jan. North. Pac— 1st, coup.,6g.l921 J & J II6I2 113% Jan.
1911:p
Ches. O. & So. W.— 6 g
General, 2d, coup., 6 g...l933 A & O 113 b. 110% Aiir.
CUc. Burl. & Q.— Con. 7...1903 J & J 12412b. '123i4Sept. 129 June
General, 3d, coup. 6 g
1937 J & D IO9I2 109 14 Jan.
1913 M & N 101 %b. 101 12 Aug. il05"8Apr.
Debenture 53
Consol mort. 5, g
1989 J & D 8912
1022 F & A •93 a. 92 Sept. 96 July
88 Sept.
Denver Division, 4s
90^8 Sept. 94i4Apr. North Pac. & Mon.— 6 g...l93SiM & S 107
IO414 Mar.
Nebraska Extension 43.. 1927,41 & N 91St
Chlc.&E.IU.— Ist,s.f.,6s.l907!j <fc D 115 a. 11618 June 118 12 June 'No. Pacific Ter. Co.— 6 g... 1933 J & J lOS
106 Jan.
1934:A & O 120'sb. 116 Apr. 122 Sept. :Ohio&Mi»s.— Consol., 78. .1898 J & J 113 a. 113i4July
Consol.6g
General consol. 1st, 5s...l937;M & N 98 b. 95 Feb. 100 Jan. OhioSoutuern— lst,6g....l921|j & D\ •104 b. 1 04 Sept.
9812 May
General mort., 4 g
1921 M & N' 6312
Chic. Gas. L.&C— 1st, 5 g. 1937; J & J 85 b. 88I3 Aug.
59 Apr.
Chlc.Mll. &St. P.— Con. 78.1903 J & J *123 b. 12458 Jan. ll29i2MaT Omaha & St. Louis— 4g....l93:lJ & Ji * 71 14b. 71
Aug.
let, Southwest Div.— 6s. .1909 J & J* 112i2b. II214 Aug. 11634 June lOregonlmp. Co.— Ist,6g..l910 J & D 103
ll01i2Jau.
Ore.E.&Nav.Co.— Ist,6g.l909ij & J 109 b. 109 Feb.
1st, So. Min. Div.— 63....1910 J & J 114 a. 112i2Aug. :ilS38Apr.
Consol., 5 g
1923iJ
*100 a. [100 Sept.
Ist.Ch.&Pac.W.Div.— 5s.l921'J & J 10412b. 105 Sept. 'l09i4Juue
Chic.&Mo. Riv. Dlv.— 53 1926 J & J 102 a. 101 Aug. ;103%Juue Oregon&Transcou'l— 6g.-1922iM & N IO714 103% Jan.
Wis. &Minn. Div.— 5g...l921J & J 104 a. ]103 Jan 106 June Perm. Co.— 412 g., coupon .1921: J & J 107 a. '106 Sept.
1914 J & J 104 a. 103 Mar. !l06 June Peo. Dec. & E vans v.— 6 g.. 1920 J & J •102 a. !101 Jan.
Terminal, 5 g
EvansviUe Div.— 6 g..;..1920M &8 •98 b. ,100 Mar.
Gen. M.,4g., series A. ...1989 J & J 91 a 89% Sept. 96% Apr.
2dmort.,5g
140 gept. 144 Jan.
1926 m & N, •81 b. 66 Mar.
Chic. &N. W.— Consol. 7s. .1915! Q— F
1902 J & D 124
123 Aug. 129 May Peoria & East, cousol. 4s. .1940 A & O 81
Coupon, gold, 78
7812 Aug.
Income, 48
1929 A & O 11638b. 114 Apr. 117 Feb.
fiinkinglundes
1990, April.! 2412b. 22
Sept.
107%b. IO6I4 Apr. IIOI2 Feb. :Phlla.c\;Kead.— Gen.,4g..l958:J & J 8158b. 7934 Sept.
fiiuking f und 5s
1929 A
1st prefc income, 5 g
Bmkinglunddeben.5s...l933
& N Ill a. 109 Jan. '112 Apr.
67%
1933; Feb.
62 Mar.
10512b. IO4I2 May ;108i3Feb.
2dpref. income 5 g
1909 M
50 a. 43i2Mar.
1958 Feb.
25-year debenture 53
1958' Feb.
3d pref. income 5 g
3918
1920 F <fc A 99 b. 96 Jan. 1IOII2 June
Extens)on48
36 Mar.
Chic. Peo. & St. Louis— 5 g.l928 INI & S 98i»b. 9112 Jan.
991a June Pittsbm'gik Western—4 g..l917!j & J 78 lab. 78% Aug.
Chie.K.I.&Pac— 6s, coup.1917 J & J 126ii!b. 126 Sept. 132 May Rich. .fcDauv.- Con., 6g...l915iJ & J Tie^b. 1151a Jan.
Consol., 5 g
1934 J & J IOII2 lOOia Sept. lOeiaJune
Extension & col. 5s
87i2Apr.
1936, A & O' 91%
Chlc.St.L.&Pitt.— Con.,5g.l932 A & O 102 12 100 Jan. 'lOOiaAug. 'Rich.&VV.P.Ter.— Trust 6 g 1897 F & A 97 a. 97 Sept.
Con. lst& col. trust, 5g.l914|M & S 73 14
Chic. St. P.M. & O. -6s. ...1930 J & 1) 118 b. 117 Sept. '1231a May
72 Sept.
91 May
97 Jan. RloG. Western- 1st, 4g...l939 J & J; 73 -a
Cleveland & Canton— 5 g.. 1917 J & J, 94
6979 Mar.
Feb. R. W. & Ogd.— Con., 5s.... 1922! A & O llOisb. 107% Apr.
C. C. C. &I.— Consol. 7g...l914 J &. D 130 b. I3014 July 133
1934 J * J' 11712b. 1171* Fob. 125 12 May St. Jos. & Gr. Island- 6 g..l925'M & N •106 a. 1104 Sept.
General consol. 6g
1900 F & A 103J4b. 103 Mar. 108 Jan. St. L.Alt. &T.H.— 1st, 7s. 1894' J & J 110 b. II012 Jan.
Col. Coal & Iron— 6 g
ColoradoMidl'd— Con. 4g..l910F & A 71i2b. 661a Aug. 7512 Sept.
2a.pref.,78
107
1894 F
10512 May
86I2 Mar.
Col.H.Val. &Tol.—Con. 5g.l93i;M & S: 83''8
73 Mar. 88ie Julv St.L.Ark.tScTex.- 1st, 63,t'st.rec.
88
1904'j & Dl 87
General, 6g
25 b. 27 Aug.
73 Mar.
8912 July
2d, 6s, 1936, tr. rec, allass.pd.
Denver & Bio Gr.- Ist, 7 g.l900 M & Ni iiei^b. II712 May 119 Feb. St. L. & Iron Mt.— 1st, 73 .. 1 892 F & A 102 b. 102 Aue.
1936 J & J 81 %b. 761a Jan.
l8tcon301.,4g
8412 June
2d,7g
1897 M & N 1071a 106 May
Mar. 100 Jan.
Cairo & Fulton— Ist, 7 g.lS91 J & J IOII4 100 July
Det. B. City & Alpena— 6 g. 1913 J & J 101 a. 99
Det. Mac. &M.— L'dgrants.l91l!A & O 33 lab. 34 Aug.
CairoArk. &Texa3—7g .1897 J & D 105 b. 102 •ia Jan.
3912 May
Dul. <fe Iron Kange— 53....1937:A & O 100 b. 99 July 10258 Mar.
Gen. R'y & laud gr., 5 g..l931' A & 01 94%
88 Jan.
Dul. So. Sh. & Atl.— 5g....l937 J & J 96
92 Jan. 101 May St. L. & San Fr.— 6g., CI. A.1906I M & N; 111 lab. I1214 Feb.
E. Tenn. V. &G.— Con.,5g.l936iMi N 107 a. 1031a Jan. 108 Apr.
1906 M & N llliab. 111 Aug.
6g., ClassB
Knoxville & Ohio— 6g...l925'J & J' 10913b. 1081a Jan. 113 June
6 g.. Class C
1906 M & N llliab. Ill Sept.
Ellz. Lex. ABigSau.- 6g..l902iM & S 89i£b. 8918 Sept. 104
General mort., 6 g
1931 J & J 110^8 109 14 Feb.
Jan.
Ft. W. &Denv.City— 6g...l92l!J & D 105 12
103 Sept. 110 May ,S.P.M.&M.— Dak.Ext.,6g.l910'
& N 116 b, 11778 Feb.
Gal.H.&SanAn.— W.Dlv.l8t,5g.'M & N, 95
93 May
Istconsol., 6g
96 Sept.
1933; J & J •116 b. 115% Jan.
Han. &St. Jos.— Cons. 6s ..191l'M & S 114iab. 114 Sept. 121 Feb.
Do
reduced to 4 lag... J & J| •100 b. 100 Feb.
Illinois Central— 4 g
1952 A & O 102 b. IOOI4 Apr. IO214 Mar.
Montana Extension 4 g..l937; J & D 90 a. 86I2 Jan.
Int. & Gt. No.— Ist, 6 g ....1919 M & N II312
IO914 Jan. 1161a May
Bau A. & Aran. P.— Ist, 6g.l916 J & J 71i2b, 70 July
*83
Coupon, 6 g., trust rec... 1909,
a.
& S
7314 Jan.
89 May
lst,6g
1926 J & J 71i2b. 69^8 Aug.
Iowa Centriil— 1st, 5 g
1938 J & D 85 b. 84 Sept. 91 May Bhen.Val.— lst,7g.,Tr. rec.1909
120 b, 11334 Jau.
•81
b.
Kentucky Ccntral—4 g
1987 J & J
56 b. 48 Jan.
81 Sept. 85% June
General 6g., Tfustrec... 1921
1925'j & J *100 a. 100 Aug. 105 Jan. 80. Car.— Ist, 6 g., ex coup. 1920
Kings Co. El.— 1st, 5 g
102 b. 96 Jan.
Laclede Gas— Ist, 5g
79 b. 79 Sept. 89 May
12 b,
1919] Q— F
Income, 6s
1931
71a Jan.
Lake Erie* West.— 5 g.... 1937 J & J 11012a. 109 Apr. 112% June So. Pac, Ariz.— 6 g
1909-10 J & J 10312b. 105 July
Lake Shore.-Con.op.,lst,78.1900 J & J 123 b. 122 14 July 128 May So. Pacific, Cal.— 6 g.... 1905-12 A ifc O 11514!). !ll2 Apr.
Consol. coup.. 2d, 78
1903 .T & D 123 b. 122i2Sept. 128 May
1938 A & o; 101 b, lOOis Apr.
Ist, consol., gold, 5 g
Longlsland— Ist, cou.,5 g.l93ll Q—
11312a. 112 Aug. 118
July 80. Pacific, N. M.— 6 g
1911 J & J IO6I4 105 14 Ju.y
General mortgage, 4 g... 1938 J & D 93'8a. 9312 Sei>'t. 99 Jan. Tenn. C. I. & Ry.—Ten. D., Ist, 6g A & O 96 b. 96 Aug.
Louisv. &Na8hv.— Con.,7s.l898iA & O 11512b. 115 Jan. 119i8Mar.
Birm.Dlv.. 6g
1917 J & Jl 98i2a. 95I2 Aug.
K. O. & Mob.— Ist, 6 g... 1930' J & J 115 b. II514 Jan. 12134 June iTex. & Pac.— 1st, 5 g
2000 J & D 911a, 89% Sept.
2d, 6 g
do
1930 J & J 110 a. 106 Jan. IIOI2 Feb.
2000 March.' 40 14
3712 Apr.
2d, income. 5 g
11212b. 113
1919J
E. H. & N.— l8t, 6 g
Jan. 'IIOI2 Mav Tol. A. A. & N. M.— 6 g
102 Slay
1924 M & N 104
General. 6 g
1930 J & D 11312b. 113 Jan. 'lieiflMay iTol.A. A. &Gr. Tr.— 6g....l921 J & J 10712b, 107 Jan.
Collateral trust, 5 g
1931
& N 105 a. 1041a June 110 Feb. Tol. & Ohio Cent.- 5 g
1935 J & J 103 b, 102 Jan.
Louis. N. A. &Ch.— 1st, 63.1910 J & J HI
111 Aug. 119 Feb. Tol. Peo. & West.—4g
1917 J cfc J 77 b. 76 Jau.
Consol., 6g
1916 A & O 102%
95% Apr. 105 Jan. Tol. St. L. & Kan.
Sept.
6 g..l916 J & D 96 a. 97
Louis. St. L.& Texas— 6 g.. 1917, F & A 100 !«
97 14 Feb. 104 July Union Pacific— 6 g
1899 J & J I1318 114% Aug.
Metro. Elevated— 1st, 6 g.. 1908 J & J 113
112 Jan. 117 May
^king f imd, 83
1893 M & S 110 b. 110 Sept.
2d, 6s
1899M & N lOeifib. 1057e Feb. 110 Aiir.
Kansas Pacific— Ist, 6 g..l893 F & A'
110% Mav
Mich. Cent.— 1st, con., 78..1902'M & N 12512b. 125 May 129 Apr.
lst,6g
1896 J & D •108 b. 110 Jan.
Consol., 5s
1902 M & N 110 a. 108 July IIII2 Mar.
Denver Div.— 6 g
1899 M & N; 114 b. 113 Jan.
'120 b. 1191a June 123 Apr.
MH.LakeSh. &W.— l8t,6g.l92l|M
1st consol., 6 g
1919 M & N 115 b. 11 3 14 June
Exten. &Imp.,5g..:....1929;F & A 101
100^8 Sept. 10514 Jan.
Oregon Short Line— 6 g..l922 F & aI Ill b. 110% Sept.
MUw. &North.— M.X., 63..1910 J & D 110 b. 109 12 June 113i2May
Or.S.L.iUt'hN.- Cou.5 g.l919 A & O 93 b. 9234 Apr.
Ist, con., 68
1913'J & D 111 b. 108 la Feb. jll3i4May
84 Sept.
U.P.Den.& Gulf con. 5 g.l939 J & .D; 8414
M.K.&T.— New4g., wheuissued'J & D 78
7512 Mar.
82 June Union Elevated- 6 g
1937 M&N* 108%b. IO6I4 May
New 2d 5s, when issued
47
43 12 Apr.
'J
55^8 May
Mar.
Virginia Mid.— Gen. m., 5s, 1936 M & N 86 b. 85
Consol., 6 g., trust rec
1920|J <fe D: 80 b. 72 12 Jan.
8838 May
do
stamped guar. M & N 88 a. 861a June
Consol., 5 g., trust rec
1920; J & D •70 b. 611a Jan
1939; M & Nt 101 b. 100 Aug.
761a June Wabash- lst,5 g
llo. Pacific— Ist, con., 6g.l920,M & N 11012b. 109
May 113 Apr.
1939. F & A 761a
73 Sept.
2d mortgage, 5 g
Sd, 78
1906iM & N *114 b. 113 Sept. 120 Apr.
4212 Sept.
1939 J & J 43
Debent. M., series B
Pac.of Mo.— lst,ext.,4g.l93S,F & A 98 a. 95 Aug. lOlifl Jan. West Shore— Guar.. 4s
2361' J & J 103^8
103 Aug.
2d mort., 7s
1891 J & J •100 b. 100 July 103 Mar. West. N. Y. & Pa.— 1st, 5 g. 1937 J & J 99I2
92 14 Jan.
Mobile & Ohio— New, 6g..l927iJ & D '116 b. 112i2Aug. 117 Apr.
2dmort., 3g.,5sc
1927 A .& O 33 b. 29 Jan
General mortgage, 4s
1938 M & S 65%
5714 Jan.
9812 Seirt.
67 July West. Un. Tel.— Col. tr., 5s. 1938 J & J 99
Mutual Union Tel.— 6 g.... 1911 M & N 10314 b. 100 Mav 105 Sept. Wis. Cent. Co.— 1st, 5 g
1937 J .& J 9834b. 96'^8 Jan.
Nash. Ch. <SiSt. L.— 1st, 78.19131J & J 128 b. 128 Julv 133 Jan.
40 b. 48 Sept.
Income, 3 g
1937
Note— -b" Indicates price bid, and " a" price asKeii the Range is made up from actual sales only. * Latest price this week.
111
May
1;
10458
Apr
!
132
M
!
I
1171-^ June
13434 Apr.
112 May
139i2Jan,
ll0i4Mar.
122i2Jan.
107 May
M
i
11334 Feb.
'
&D
''
I
101
i|
99i4June
119 June
116 Aug.
i
I
llSiaMay
j
94 Aug.
llOHj Apr.
,
'
I
113
117
j
106
113
109 Apr.
100 la Mar.
i
74
85
'
1
I
3II2
!
May
June
June
87 Jan.
SOiaJan.
I
'
[
5812
May
49
Jan.
83
!
May
II8I4 June
i
91 June
103 Jan.
83 May
78 May
112i4Mar.
I
10734 Apr.
113
111
&A
9838
323a
1
'
June
Jan.
May
May
108
Jan.
IO914 Feb.
10334 June
107 May
95i2July
115 June
115 Apr.
11412 Apr.
113
120
M
Jiuia
Mar.
'120 Jan.
IO212 June
92
1
June
881a June
M
90
'12558
June
June
OOUJune
1
I
ilOOiaMay
J 4
Sept.
108 June
llSiaSept.
10338 Mar.
109 June
!
10434 Jan.
I0312 Jan.
9634 May
,
45 12
I
May
1071a Jan.
1
Ill June
108 14 July
M
8034May
C—
101
Jan.
1181a Mar.
1I6I2 Feb.
112i4Juiy
H3ia Mar.
11734 Mar.
&N
&D
May
llOHMar.
;
&D
June
Jan.
10418 Mar
10734 Apr.
&D
&0
&N
May
11134 May
68 May
80 June
I
M
May
10138 June
118 Feb.
I
&A
May
1131a May
'128
Ai)r
97 Jan.
118
Mar.
II014 Jan.
i
1
'
95i4Jan.
88 Aug.
110 Aug.
8813 Apr.
90 Apr.
IO314 Apr.
86% Jan.
57
May
10658 June
102 14 June
40 May
1021a Jan.
1
I
104 14 Apr.
69 JiU}.
;
NEW YORK STOCK EXCHANGE
SECURITIES.
Bid.
Ask.
Railroad Bonds.
(Slock Exchange Prices.)
PRICES-(Continned.)—IjV.4CrrF2;
SECURITIES.
Bid.
& w!-
26.
SECURITIES.
Ask.
Bid.
Burl. Ced.
1936
58.1913
98
Ced. Rap. I. F. & N., 1st, 68.1920
g., 68...1924 'IIII2 112
2d, 3-5s
1921
1915
89
90
1st, 5s
Atl. & Pac— 2d W. D.,gii. 6s,. 1907
92
Buft. Roch. & Pitts.— Gen., 5S.1937
97ie
Central Ohio Eeor.- 1st, 4i28.1930 ibo
Bait. & Ohio— 1st, 68, Park B.1919 '116
118
Roch. & Pitts.— 1st, 6s
1921 117
fol.& Cin.Mid lst,ex.4i.>s.l939 * 89
6s, gold
1925
do
Consolidat'dlst,6s.]922 117
;ent. ER. & Bank.— CoL g.53.1937
Cons, mort., gold, 58
Burl Ced. Rap. & No.— Ist, 58.1906
1988
96% 97 14! 8av.& West.— 1st con.gtd.5s.l929
B. & O. S. W., Ist, g., 4128.. .1990
Consol. & coUat. trust, 58... 1934
90
93
Jent. of N. J.— Couv. deb., 68.1908! 115
* Ho price Friday; these are the latest quotations made
this week.
Alabama Mid.- Ist, g,, 68
.1928 *90% 100
Atlantic & Danv.— Isl g., 6s.. 1917
90
. . .
Ask.
Rap.&No.— (Contiu'd)—
Minn. & St. L.— 1st, 78, gu..l927
lowaC. &We8t.— 1st, ?8... .1909
B.&0.-Mon.Riv.,lstgu.,g.,53,1919
iJeech Creek— 1st, gold, 4's
Bost. H. Tun.
Deb.
BONDS—SEPTEMBER
Brooklyn Elev.— 1st,
•
—
106"
90
.
'
Skpteubbr
IHE CHRONICLP^
87, 1890.
411
NEW YOKK STOCK EXCHANGE PHICES.-INACTIVE BOXDS—rContinuedJ-SEPTEMliKn
Bailroad Unna^.—fContJ
(Stork Exfhange Vrietf.t
Oeutriil PuolUc— Oold txlo, Cs, isn3
l-<i»ii
Giilil l)ond«, Oa
l-<:>7
GdUl lioLdn, 08
lUOO
Ban Joiiquln Br., Os
Cal. A: Orccron—8er. B. 68... 1803
l><f>0
Laiul KMHit. 68, gold
Mi>rt. t;i.ld 58
l!i:in
A
&
&
109^8
lll»a
112>4
110
1903
i'oa'
12II3
lU
'
Ist, consol., 7s
2d, 68
Gold, 58, coupon
iio's
Memp
[Ind.
A
8.
116
19511
120
Dec A West.— M.
2d M.,
Inter.
A
5a
Gt.
I
&W.—Convert. 7s,1892
Mortgage 78
1907
& N. Y.— 1st, 73.1906
& Essex— Ist, 7s. ...1914
Byra. Bfng.
Morris
2d, 78
1S91,
Bonds, 79
78 of 1871
1st, con., guar.,
Del.
19CK)
78
i Hud. Canal— 1st,
extension, 7s
Coupon, 7s
Pa. Div., coup., 78
l8t,
1901
1915
7s. ..1891
1891
1894
1917'
Albany & Susq.- ist, gu.,78.1906
1st, cons., guar., 6s
1906
Eens. & Sar.— Ist, coup., 79.1921
City Cable— Ist, 6s. ..1908
Denv. & E. G.— Imp., g., 59. ..1928
E. Tenn. Va. & Ga.— Ist, 7s... 1900
Denver
Divisional 5s
Ist ext.. gold, 58
Eq.&lmp.,g.,5s
1930i
1937
1938
g., 5s.. 1937
&. Birm.— Ist,
Alabama Central- 1st 6s...l9is
Mobile
Erie— 1st, extended, 78
1897
2d, extended, 5s
1919
3d, extended, 4I3S
1923
4th, extended, 58
1920
5th, extended, 48
1928
Ipt, cons., fd. coup., 78
1920
Eeorg., Ist lien, 68
1908
B. N.'Y. & E.-l9t, 78
1916
N. Y. L. E. & W.—Col. tr.,6s.l922
Funded coup., 58
1969
Income, 6s
1977
Buff. A- g. W.— Mortg. 6s. ...1908
Jeffersion- Ist, gu. g. 5s
1909
Eureka Springs E'y— lst,6s.g.l933
A: T. H.— 1st, coni»., 63.1921
Mt. Vernon— 1st 68
1923
Evans. iSi Indian.- Ist, cons. .1926
Flint & P. Marri.—Mort., 6s.. .1920
Evan.
l.'t con. gold, 58
1939
Fla. Cen. iPcn.— Istg. 58.... 1918
Gal. Har.
A: San Ant.— Ist, 68.1910
2dmort.,78
1905
West. Dlv., 2d 68
1931
'
No
2d income, Os
1104
lis
120
A
A
•
1918
•••
40
A Dam.— Debenture 08.19271
Eouln. M. s. f., g., 5»
1909
87%
Atl. A Char. —Ist, pref., 78. .J 897
do.
lucome, es....l900 105is'
BomeWnt. AOg.— Ist M., 7s. 1891 103>4 104U
St. Jos. it Or. Is.— 2d Inc
1925
42>s
Kan. C. A Omaha— Ist, 58..1927
82>s
Elch.
,
1
St.
L.A.AT.H-2dm.tnc78.)894
Dividend bonds
Bellev.
Beilev.
1047
194S'"
inc. 5s
,
I
Pitts. JIc K. A Y.-lst a«
..1032
Pltt«. Palnsv.
F.— l»t, Bs ..1016
Pitts. Y.
Ash.—Cousoi. S8..ie27
Prese't A Ariz. Cent. 1st, 6«,g. 1016
C—
j
Del. Lack.
Ohio (nd.AW.— Ist prcf.B*.. 1988
Peona A Pck. Union— lit, St. 1921 iio"
2d niorlg., 4188
1921
67
Pliilu. A K('u(l.-3il pref. convert
88
Pltl.H. flive. A
„ Tol.— Ist,
.„.,,„
Of... 1022
Pltls. Junetion— l8t6ii
..1022 iis"
1897
1007
Nor.— Coup. 68...1909 80
iKan. C.Wyan.A N.W.— Ist, 58.1938
L. 8h. A M. So.-C. P. AA.— 78.1892
Buff. A Er.— New bonds, 78.1808 118
Det. M. AT.— 1st, 79
1006
Lake Shore— Div. bonds, 78. 1890 lie
Mahon'g Coal RR.— 1st, 5s. 1934 108
D
Ist, 78, $g., K. D
1 Jtchf. Car.A We.st.— Ist 68. g.l916
1902 '12:
iBt, LaCrbsee Division, 78.1893, 11116 114% liOng Island— Ist, 79
1898 118
1st, I. & M., 7s
N. Y. A R'way B.— 1st, g. 5s. 1927
1897 114
Ist, I. & D., 78
2d niortg., iuc
1899 114
1927
1st, C. AM., 78
Brooklyn A Mont.- l8t,63..1911
1903 120
let, I. & D. Extension, 78... 1908 123
let, 5s
191]
Ist, La C. & Dav., 5s
102
SmithtownAPt.Jeff.— lst,7s 1001 108
1919
Ist, H. ,& D., 7s
Louis.Evan9.A8t. L.— Cou..'5s.l939
1910 120
Ist. H. & D.. 58
101
Louis. ANash.-Cecll. Br. "8.1907
1910. 100
Chicago & Pacific DIt., 63. .1910 114
Pensacola Dirision, Os
1920
Mineral Point Div. 5s
10219
St. Louis Divi-siou, Ist, 68,. .1921 114
1910
C. & L. Sup. Div., 58
2d, 38
1921
1980 65
Fargo & South., 68, As8u...l924
Nashv. A Decatur— 1st, 78. .1900
Inc. conv. sink, fund, 58
S. f.,69.— 8. A N. Ala
1916
1910 105
Dakota & Gt. South., 5s. ...1916
10-40, gold, 6s
1024
Chic.&X.W.— E8c.&L.8.l9t,6s.l901 111
50 year 53, g.,
1037 IO712
Des M. & Minn.— l8t, 78
Pens. A At.- 1st, 69. gold. -.1021
1907; 124
Iowa Midland— 1st, 8s
Nash. Flor. A 8. l<t gu. 5s.,1037
1900 123
Peninsula- 1st, conv., 73. ..1898
Lou.N.Alb.AC'h.— Geu.m.g.58.1040
Chic. A Milwaukee— 1st, 73.1898 ii's'
Louisv. South.- 1st. g. 63 ....1017
Win. & St. P.-2d, 78
136
Lou. N. O. A Tex.— Ist, 4s. ...1934
8*14
1907, 130
Mil. & Mad.— Ist, 68
2dmort., 59
1905 114
1934
Ott. C. F. & St. P.-lst, 59.. 1909' 105
Memphis A Charl. -Us, goU1..1924j lOiifl
Northern 111.— Ist, 5s
1st con. Tenn lien. 7s
1910, 106
1h15: 125
C.B.I.&P.-D.M.&F.D..lst49.1905
Mexican National— Ist, g., 63.1927:' 85
1st, 2»»
2d, income, 6s, "A"
1905
60
1917 ' 45
Extension, 4s
1905'
2d, Income, Os, "B"
1917 ' 11
Keokuk & Des M.— ist, 5s. .1923
Michigan Centi;U—08
103
1909 llSig
Chic. St. P. &. Kan. City- 59..1936
Coupon, 5s
1931 "115
Minn. & N. W.— 1st, g., 5s. .1934
Mortgage 4s
1940
Ohlc.St. P. & Minn.— Ist, 68. ..1918 1221a
Jack.'Lan. A Sag.—Oa
Is91 "lOO^j
St. Paul &. S. C— Ist, 63
MU.L. S.AW.— Jonv.deb., Ss.ljo; ' 99
1919, I2312
Chic. & W. Ind.— Ist, s. f., 63.1919
Mich. Div.. 1st, 68
1924 'IIX)
General mortgage, 68
AshlandD;vl8lon— 1st, 68..1925'"113i2
1932 117
Cin Ham. & D.—Con. s. f., 7s.l905 '125
Incomes
2d, gold, 4ii>s
Minn. A St. L.— 1st, g. 78
1937
'tiST 103
an. I. St. L.& Chic— l8t,g.,43.1936
Iowa Ex.ension, l8t,78
98
91
1909
Consol., 68
1920:
2dmortg., 7s
50
1891
Clii. Jack. & Mac— Ist, g., 59.1936'
Southwest Ext.— Ist, 7s
1910 50
C.C.C. &St. L., Cairo div;— 43, 1939
Pacific Ext.— 1st, 63
91
88
1921
Cl.Col. Cin. & Ind.— 1st, 7s,8.f.l899 11513118%
Impr. A equipment, 63
1922 * 55
Consol. sink, fund, 78
1914
1191s Minn. A Pac— 1st mortg., 53.1936
Clcve. & Mah. V.—Gold, 5s. ..1938 107
MInn.S. Ste. M. A Atl.— Ist. 53.1926
Colorado Midland— 1st, g., 6a.l936 100
92i2
Missouri Pacific- Trust 5s... 1917
Columbia A Green.— 1st, 6s. 1916 106 110
Mobile A Ohio— Ist ext., 68.. .1927 '112
2d, 6s
St.
L.
A Cairo Is, guar
192G> 87
79
1931
.
90
84
-
Dlv., Ist g. 4s
1951
2d Dlv., 7« ...1894' 100
Ced. Falls A Minn.— 1st, 78.. 1907
75
Ind. D. A Spr.— 1st 7s, ex. op. 1006 'iOO
Dub.
AU.
Bkl.
St.
. . .
M1.S.S.R. Uridtre— l8t. ». f., 09.191'2 105>9
Ohio. Hurl. & Nor.- Deb. 6s.. .1891! 102
Chic. Burling. & Q.— 5s. s. f..l901 105
Iowa Dlv.— Sink, fund, 58. .1919
Sinking fund, 48
1919 95% 96
89
Plain, 49
1921
Clilo. & Indiana Coal— Ist 58.1936
97
Ohi. Mil. & St. P.— l8t,88,P.D.189S;
121
115
2d. 7 3-109, P.
18981
.
SECURITIKS.
L.V. A T. H.-2d,
—J, guar 7II.180M
Pcfl.AE.-Ind.B.AW.-lst,pr.7>.l)MM)
96>«
Hoiisatoulc—C0118. gold St.
1987 109
_N. Haven A Derby, Cons. 88.. IDIP,
Hon«.ATex.C.-l8t,m.l.7».Tr.rcc 11219114
Weatrov. 78,Tru8t reoeipta.1891 H2>b|
1st Waco A Kor.— 7s. ...!.. .1901 110
2d m.Ss.M. 1. Trust receipts. 1913 118>si
Gen. mort.68,Trust receipts. 1025 * 70
minolscenlral- Ist, g.,4«...1991 •102
112%
Ist, gold, 31.JS
08
1951
lie's
Bpriniff. Dlv.— Coup., 6s.. ..1898 110
113
79
Bllddle Dlv.— Reg.. 58
1921
118
C. St. L. A N. O.-Ton. 1., 78.1897
1898
1898
2dniort, (360), 73
90
OreeuB. W. Ast. P.-l8t6«..l»ll'r....
2d Income, 2d subs, paid
116
louls. & Mo. Klver— 1st, 7s.l900
2d, 78
1900 '114
St. h. Jacks. & Chic— lst,79.1894i
1894'
Ist, guar. (564), 78
2d, gimr. (188), 7s
4 Fla.— Ist, g. Os.
1027
lOrand Rap. A Iiid.-Uen. 58..10-i'(
1
1908 116
Sinking fund, 68
Bid.
iQa. 80.
iio'
West. riiciHc— Boud».(^
I -'•:'
No. Riillwuy (Cal.)— Isi. i;-. 11IC17
ioi"
l!);i"<
SO.year Ss
Ohea. & O.—Piir. M. fund, 68.1898
6s. gold, 80rie8
01168. O.
So. West.— 2d, 63. .1911
Chicago
Alton— l8t, 7a
1 893
SECURITIES.
Ask.
Bid.
SECURITIES.
-M.
A So. 111.— Ist,
A Car.— Ist, Os
107
1804
48
I
8s...i80« 114
1923, 100
«il..8t.L.APad.— l8t,gd.g.5sl917' 100
St. Louis So.— 1st, gd. g. 4«.19;n
82
30
83
do
BO
70
107
1191s
110
AS.Fran.— Equip., 79,lH95 100
121
General 58
1931
98
Ist, tm.st, gold, 5s
1987
91
Kan. Cltv AS.— 1st, 6s, g...l916
98
121
Ft. 8. A V. B. Bg.— 1st, 69. .1910 100
107
St. Paul A Duluth— 1st, 5».
1931 *1 12
1917i
2d mortgage 5s
106>a
8t. Paul Minn A M.— Ist, 79.. 1009 •
lis
2dmort.,6s
1900
Iio's
Minneap. Union— 1st, 6s
19221
,
S«ia
Mont. Cen.— 1st, guar.. 69. .1937!'
Ine
107
East. Minn., Ist dlv. Ist 53.19081
11012 San Fran. A N. P.— 1st, g., .58.1910 '
llOO
Scioto Valley A N. E.— 1st, 48,1990'
80
Shenandoah Valley- Inc., 68.1023
110
Sodus Bay A So.— Ist. 58, g...l024
110
South Carolina -2d, 63
1031
55
80. Pac. Coiist— Ist, guary48.1037
109 Texas Central— 1st, 3. f., 78... 1909]
106
Ist mortgage, 78
1911
lei's Texas A New Orleans— lst,78. 1905
1012^ 104
Sabine Division, 1st, 6s
89 |Tex. A Pac, E. Div.— Ist, 68.1005 '100
iThird Avenue (.N.Y).— Ist58, 1037, 111 ,113'«
Tol. A. A. A Cart.—6s
1917 102'9l03i9
10712 Tol. A. A. A Mt. PI.—Os
1919
Union PacificIst.Os
92
1806 110»8
1st, 6s
50
1807 112'4ll3>4
1st, 6s
15
1808 llSTg!
Collateral Trust, 69
1908' 105
121
-Collateral Trust, 5s
1907:
97
1918'
Collateral Trust, 4128
84
C. Br. U. P.— F. c.,73
1895 100
107
Car.
2d Income, 59. 19:U
ASUawt.— 1st
g.
4S....1932
A I. M.— Ark. Br., Ist, 7s
St. L.
St. Lou
.
1
-i95
,
.
. .
.
.
1
1
I
I
Atch. Col. A Pac— Ist, 68... 19051
Atch. J. Co. A W.— Ist, 6s. ..19051 ....
U.P. Liu. A Col.— lst.g.,5s. 19181 ....
Oreg.S.L.AU.N.,col.tr9t.,58.1919
190Si"109
Utah A North.— Ist, 7s
1926'
Gold.5s
Utah Southern— Gen., 7s ..1909, 110
Exten., 1st, 78
19091 110
Valley R'y Co. of O.—Con. 68.1921
Wabash— Deb. M. series " A" . 1939
No. Missouri- Ist, 78
18951
loo's
101
118
101
110
60
94lt
,
St.L.K.C.AN.— R.E.AEE.7S.1895 106
S t.Charles Br'gc- lst,69. 1 908
OS's
West. Va. C. A Pltt3.— 1st, 63.1911
Wheel.AL.E.— Ist. 58, gold. ..1926
(W.D.)— l9.g.,5s
Morjan's La, A T.— 1st, 6s.. ..1920 Iio's
1928 101
1st, 78
.Tllacellaueoua Honda.
130 133
1918 139
I33I9 135
Nash. Chat. A St. L.— 2d, 6s. .1901
Am. Water
Co.— Ist 63.... 1907
112
New Orleans A Gulf- Ist, 68 .1926
Ist con., golu, 53
1907,
144
N. O. A. No. E.— Pr. !., g., 6s.. 1915
Boston Un. Gas— Tr. cer. 5s. .19391
102
Cahaba
Coal MIn.— 1st g. 79.. 19071 108
N. Y. Cent.—Deb. g. 43
115
1905
Col. A Hock. Coal A I.— 6s, g.. 19171 100
N. J. Junction— Guar. 1st, 48.1986 *100
125ifl
N. Y. N. H. A H.— 1st, reg. 4s. 1003
Consoi'n Coal Convert. 63... 1897 ....,
136
Consumers Gas Co., Chicago— 1st,
N. Y. A Northern- 1st, g., 58.1027 105 110
1013e
1936 .......
2d, 48
104
09
1027
fuar. 59
isouElec. III. Co.— l8t, 5S.1910
98
112 1141s N. Y. Susq. A West.- 2d, 4i2S.1937 75
SO
100
144 18 144 '8 North'n Pacific- Divid'dscrip ext 105
Equitable G. A F.— 1.9t Os
1905
Hackeusack Water— 1st, 5s. .1926 •106
13118:132
James River Val.— Ist, 69. .. 1 936
'Henderson Bridge— 1st g. 69.1931 108
120121121
Spokane A Pal.— 1st, 6s
1936 *109
Iron Steamboat Co.—68
1901
St,Paul A N. P.— Gen., 6s. .1923 120
147 152
122
9718,103
100
HelenaARcdM'n- l3t,g.,63.1937
104'2 Nation'l Starch Mfg.— Ist, 6s,1920
DuluthAManitoba— lst,g.6sl936 106 109 'Northwestern Telegraph— 73, 1904 104
80
8i'
People's Gas A Coke > 1st g.6s,1904
Dul.AMan IJak.Uiv.— Ist6s.l937
Iio's
108
Co., Chicago
J2dg.6s,1904 94
Cceur d'Aleue— 1st, 6s, gold. 1916
IPhiladelphia Co.— 1st s. f. 63.1898
Gen. 1st, g., 69
90
1938
1875-1900 '114
West. Union Tel.—73.
Cent. Washington— l8t,g.,68.1938
NorfolkA West.— General, 68.1931
12114 Whltebrea9t Fuol.gcn. s.f.,6s.l908'
1st.
63. ..1910
93
Iron—
'Woodstock
g.
114
New River, Ist, 63
113'3
1932
I'nilsted Bond*.
Imp. A Ext., 6.9
il21'2
1934 iogii
Ala.AVicks.-CousoL5g.,1921.AAO!
94
1151-2 11714
Adjustment M., 79
10714
1924
7719
llSis
Equipment, Ss
2d M., Income tUl '94. 1921..AAO 70
1908
99 102
11613 119
Vicks. A .slerid.,lst 68,1921.AAO
Clinch Val. 1st 5s
1957
98
123
jAtlanta A Chart.— Ist 79,1907.JAJ 119
XOS^ Ogd. A Lake Ch.— Ist con. 6s. .1920
26
I3418 134% Ohio A Miss.-Cons., 8.F., 78. .18981*113%
iComstockTuu.— Inc.48, 1919.MAS 24
113%
105
2d cousoi. 73
19111'
xii" Georgia Pac. —1st 68, 1922....JAJ 110% Ill's
77
AAO
73
1923
Consol.
5
's
135
Springfield Div.— Ist 78
1905<
g
AAO
Iueome.5 g 1923
Ill
General 5s
1932,
75
iKanawhaAMIch.— Ist lutcrimcert.
90
92
Ohio River RR.— 1st, 5s
1936' ibo"
71
General mort., gold, 5s
75
"4i" Little B.A .Mem.- 1st 5g.l937..MAS
1937:
L.N.A.AC.(C.AI.),let8g,1911.FAA
100
Ohio So.— I:icomc. if., 6a
1921;
lMem.ACharl.-Cous.7g..l91.^.JAJ 116 122
'107
Oregon A Culitoruia— 1st, 58.1927'
77 "s 78
iMo. K. AT.— New4a..»'heu Issued
Oregon Imp'l— Cons., g. 5s. ..1939 gs"
47
Wheu Lssued 45
New 2d certs
1119
Oreg. By A Na v.— Col. tr. g..53. 1919
32
37
1»<)8.FAA
tf.s,
1st
Lake—
N.Y. A G'd
Penn.Ek-P.C.AS.L.-lat,c,78.1900!
"
15
FA A 10
2d mort., 6s, 190S
Pitts. Ft. W.
lat, 7^... 1912' i43
108
lib"
••••
iNor.P.ic.-P.d'Or.Dlv.69,1919..MA8
110
2d, 78
1012 1421s 144
MAN
Mo. Dlv.. 6s. 1919
3d, 7s
1912, 135
72
73
St.L.Ark.ATex.-l8t48.Whenl8su'd
Clev. A P.— C0U.9., 8. fd., 78.1909' 120
When issii'd 40
41
2d 4s, income
1802' 102
99
4tn, sink, fund, 6s
KM
101
Gr.Trunk-6g..l9l3.JAJ
StL.V.AT. 11.— lst,6s.,78.1897*.... 112 Ist. P. E.
OS's
1014
90 97
II
West. Nor. Car, cons. 68
2d, 7s
1898 ....
.
.
—
I
W
I
—
I
I
. .
I
'
;
I
!
\
.
,
'
'
I
I
I
I
AC—
:
I
•
'
;
'
'
'
'
I
;i
I
I
'
price Friday; these are the latest quotations
made
this
ween.
"
.....
..
THE CHRONICLE.
412
[Vol.
Latest
Earnings
Rejyortcd.
Roads.
Week or Mo
Ga. Car'la & No. .Tuly
Ga. ER. &B.CO. July
Geo. So. &FJa.. August
Gr. Rap. &Iud.. 3d wk Sep.
Cin.R.&Ft. W. 3d wk Sep.
Other lines. .. 3d wk Sep.
Total all lines. 3d wk Sep.
The Investors' Sdpplement, a pamphlet of 150 pages,
contains extended tables of the Funded Debt of States aiid Grand Trunk. ..
Chic &Gr.Tr.
Cities and of the Stocks and Bonds of Railroads and other
Det.Gr.H.A; M.
Companies. It is published on the last Saturday of every Gr.B.W.&St.P.
Gulf & Chicago.
other month viz., January, March, May, July, September Housatouic
and November, and is furnished without extra charge to all Humest'n&shen
Ul.Cen.(IlI.&So.)
regular subscribers of the Chronicle. Extra copies are sold
Cedar F.&Mln.
Dub. & Sio'xC.
to subscribers of the Chronicle a< 50 cents each, and to others
Iowa lines
Total all....
at §1 per copy.
Ind.Dec.&West.
The General Quotations of Stocks and Bonds, occupying Interoc'nic (Mx)
Centr.1l...
six pages of the Chronicle, are published on the third Iowa
IronRiiilway...
J'k'uv.T.&K.Wo
Saturday of each month.
Kanawha&Mich
—
Kan.
RAILROAD EARNINGS.
Latest Earnings Reported.
BoADS.
Week or Mo
1890.
I
Alal)'ma Miner'l August
Allegheny Vai.. July
Atch.T.&S.Fe.. 2d wk Sep.
SaU owned 2d wk Sep.
Total system. 2d wk Sep.
BtL.&SanF.. 2d wk Sep.
Half owned.. 2d wk Sep.
Tot.8.L.i-8.F. 2d wk Sep.
AKg. total
2d wk Sep.
Atlanta Jc Char. July
Atlanta & Flor'a August
Atlanta & W.Pt. .\ugust
Atl. & Dauville. August
B.<feO.Ea8tLines August
Western Lines August
Total
August
Bal.&O.Southw. 2d wk Sep.
. .
.
Bait.
& Potom.ao
July
Beech Creek
Bufl.Eoch.APiU
Bur.C.Rap.c&N.
Burl. & Northw.
Burl. & Western
Camrten & Ati.
August
3d wk Sep.
2d wk Sep.
August
August
July
CanadianPaeittc 3d wk Sep.
Cp.F'r&Yad.Val August
Cen.KR.&Bg.Co 3d wk Aug
Central o£n; J.. July
Central Pacific.. July
Central of 8. C. July
Centr'lVerm'nt WkAug30
Wk Aug30
Osd.&LakeCh Wk Aug 30
Jf.Loudou Nor
Tot. system.
WkSept.20
Char.Cln. AChic June
Charlest'n & Sav July
Char.Sum.&No. July
Cliat.R'me&Col. Augu.st
Chatt'n'ga Uni'n August
Cheraw. ADarl. July
Cbes. &Ohio.... 3d wk Sep.
Ches.O. &8. W. August
& Lenoir July...
Chic. & Atlantic. 4thwkAug
Chic. Burl. & Q. July
Chlc.& East. 111. 2d wk Sep.
Chic. Mil. &St.P. 3d wk Sep.
Cnes.
Chic.&N'thw'n. August
Chlc.Rockl.&P. Argust
Chic.St.L.i&Pitl.
June
Chic.St.P.&K.C. 2d wk Sep.
Cliic.St.P M.&O. July
Chic. & W.Mich. 3d wk Sep.
Chippewa Val August
Cln.Ga. dtPorts. August
Cin. Jack & Mac. 3d wk Sep.
CSn.N. O. &T.P. 2d wk Sep.
Ala. Gt. South. 2d wk Sep.
N. Orl. & N. E. 2d wk Sep.
Ala. & Vicksb. 2d wk Sep.
Vicks. Sh. & P. 2d wk Sep.
Erlanger Syst. 2d wk Sep.
.
Ciun.Northw'u. Augu-st
Cin.Wab.&Mich. Ist'wk Sep
Cley.Akron&Col 2d wk Sep.
Cler. & Canton.. July
CI.CIn.Ch.<t8.L 2d wk Sep.
Peo. & East'n. 2d wk Sep.
Clev. & Marietta August
Color. Midland. 2d wk Sep.
Col. H. V. & Tol. .August
Colusa
Covin.
& Lake. August
& Macon. .August
Day Ft.W.&Ch.. August
Denv. &RioGr. 3d wk Sep.
Des Moin. & No. August...
Des M. it N'west August...
2d wk Sep.
3d Avk Sep.
3d wk Sep.
June
Kuoxy. &Ohio June
Det.BayC.&Alii
Det.Laus'KitNo
DuluthS.S.&Atl
B.Tenn.Va.&Ga.
Total system.;2d wk Sep.
Elein Jol. lV East.' July
Bliz.Lex.&B.S... August....
I
Empire
vt
D'blin' August
Evans.&Tnd'plls,3d wk
EvansT. & T. H. 3d wk
Fitehburg
July
F int.&P.Marq. 2d
wk
Flor. Cent.A P. 2d wk
Sep.
Sep,
Sep,
Sep,
Jan. 1
to
Latest Date.
1890.
1889.
$
&
&Sp.
&Mem.
V\TiSept.l3
June
.\UgU8t
July
August
July
JiUy
July
July
July
July
JiUy
1,095,229
8,678
150,258
158,936
1,254,165
42,213
121.000
46,655
2,630
30,091
7.665
wk
Sep.
.\UgU8t
July
2d wk Sep.
1st
wk
Sep
8.557
93.895
22,143
113,978
8,395
3,439
16,391
19.523
6.772
62,553
1st wk Sep
K.C.Mem. &Bir. 2d wk Sep
Kentuckv Cent. August
Keokuk & West. 3d wk Aug
Kingst'n & Pern. Istwk Aug
Knox.C.G. &L.. August
Knox. & Lincoln June
L. Erie All. & So August
L. Erie & West*. 2d wk Sep.
K.C.F.S.
20,732
16,667
234.664 211,978 1,431,163 1.304.345
657,257 575,005 20,813,017 16,939,261
30,983
21,011 1,123,934 1,011,818
688,240 596,017 21,936,950 17,951,072
145,214 129,214 4,319,720 3,889,804
30,329
20,230
175.542 149,444
863,782 745,460
124,123 112,281
930, 455
822,051
10,929
4,963
74; 629
50,570
34,58^
31,801
280, 350
237,851
45,830
39,052
327, 308
234,366
1,704,869 1,668,101 12,139, 312
,817,153
499,559 465,683 3,538! ,844
,187.778
2,204,428 2,133,784 13,078, 156
,004.932
51.265
46,122 1,610, 934 1 ,450,521
142,955 125,232
972, 031
912,655
82,453
77.453
656, 749
511,353
43,887
35,809 1,512, 488
,405,428
80,893
67,310 2,084, 335
,914,.t09
5,720
9,684
38, ,822
42.252
5,852
7,019
39, 117
37,271
122,004 107,678
3m1,873
430, 342
365,000 381,000 10,053, 266
,228,322
44,659
30.016
335, 786
247.569
141,826 124,142 4,870 904
,362,184
1,317,759 1,312,597 7,379, 779
352,998
1,151,849 1,484,030 8,333, 045
,601,928
8,026
6,t»'40
67, 857
56,884
79,980
76,811
15,834
15,612
18,081
17,273
503,287
437,702
103,516 101,287
9,045
66.902
41,412
39,537
408,705
363,204
5,869
1,866
31.647
16,337
32,04^
24,946
235.232
163,714
10,183
9,910
76,539
71,925
6,563
5.344
31,421
43,641
164,021
134,370 3,468,4(i0 4.223,416
209,629 204,569 1,329.250 1,326,433
6,06;
5,770
40,201
40,337
72,833
70,183 1,801.732 1,431.657
2,721,399 2,671,746 19,658.424 18.(118,273
69,402
57,670 2,149,169 1.802,693
035,500 585,383 17,933.475 17.068,838
2,670.530
2,575,104 17,345,378 15,933.467
"
33
30,691
1,546,738 1,712,710 10,809,207; 10,38 1,130
50(i,60''
375,313 3,208,906 2,667,.=>21
93,310
84,565 2,996,716 2,128,970
539,926
507,594 3,345,5,s9 3,246,685
32,640
26,164 1,123,719
973,373
19,847
19,986
6.717
6,910
41,619
41,362
13,670
13,337
471,662
432,396
86,942
87.124 3,040,429 2.602.633
36,634
35,450 1,319,737 1,212.810
19,084
18.426
833,018
663,896
10,459
9,946
443,946
367,318
10,776
10,237
381.836
362,783
163,895 161,183 6,040,966 5,239,462
1,841
1,283
13,131
11.441
12,425
12,400
390.348
336,534
16,999
15,308
582.765
516,667
51,05C
36,882
297,423
232,365
256,127 272,476 8,984,573 8,396,243
32,611
32,.599
32,169
24,020
200,539
170.694
37,991
29,352 1,309,874 1,135.520
274,952 239,914 1,835,216 1,562.139
3,458
4,503
15,312
16,013
10,639
7,020
87,876
39,942
42,814
321,2450,111
319,646
190,000 186,000 6,051,870 5,511,913
11,501
6,774
71,122
39,769
22.679
22.242
130,.526
112,783
9.511
8.915
36s.(i57
390.616
26,502
27.003
7^4..--69
858,627
52,.56.'47,023 1.641,123 l,108,2t;">
514,413 432,661 3.184.008 2,60-1,178
53,!i44,
40.110
326,379
278.998
149,573 129,023 5.062.295 4,143,987
46,99J
20,676
318,766
129,776
81,04±
80,208
4,360
1,468
24,193
8.444
6,532
8,003
208.951
217.810
22,030
21,180
737,435
656.394
533,300 522,624 3,505,076 3,168,669
50,726
45,272 2,072,669, 1.664.748
18.655
18,099
771,446
810,850|
"
Chie.Peo.&St.L. July
1889.
C. CI.
3.,341
120.016
69,931
52,872
9,000
4,129
66,001
421,858
75,107
23,364
27,201
3,249
147,691
19,000
WkSept.l3
WkSept.lS
3d
L.Sh. &Mich.So. July
1,701,812
35,717
12,699
& Hud.. August
Rock (SsMem. 2d wk Sep.
Long Island
August
Louis. Mo. Riv. June
Louis.Ev.&St.L. 2d wk Sep.
Louisv.&Nashv. 3d wk Sep.
Louis. N.A&Ch. d wk Sep.
Louis. N.A&Cor. July
Louisv.N.O. AT. 3d wk Sep
Lou. St.L.&Tex. 3d wk Sep.
Lehigh
L.
512,536
24.973
33,443
383,815
56,567
1,167
60,835
8.606
43,151
10,117
41,422
101,696
69,974
82,590
<fe
Louisv. South'u. July
Lyuchb.&Dur'm August
Memphis it Chas 2d wk Sep.
tMexicauCeut... 3d
(Mex. National 3d
tMexican R'wav
Mich. C. &C.80.
Mil. L.Sh. & West
Milwaukee A No
MiueralRauge..
Miuneap. iJtSt.L.
M.St.P. &S.8.M.
Mo. Kan. & Tex.
wk
WK
Sep.
Sep.
WkAug.30
1,193,764
July
3d wk Sep.
3d wk Sep.
August
August
August
August
MolMle&Ohio.. August
Monterey&M.G. August
Nash.Ch.&St.L. August
Nat. RedR. cfeT. July
N. Jersey
New
N.
N.
N.
N.
N.
N.
Orl.
91,480
35,930
12,310
119,239
169.000
719,152
291,933
44,371
333,668
2,140
26,«)6
9,748
& N.Y. July
& Gull August
Y. C. & H. R. August
Y. L. E.
W. July
Y. Pa. & Ohio July
2,843,322
2,304.124
616.049
&
Y.&N.Eng.. July
Y.
528,905
48,907
52,202
147,812
154,773
37,662
553.698
581,375
103,082
25,031
&North*n. August
Y. Ont. & W.a 3d wk Sep.
N.Y. Silsq.&W.. August
Norfolk & West. 3d wk Sep.
N'theast'n(8. C.) July
North'n Central. August
Northern Pacitlc 3d wk Sep.
Ohio&Miss
2d wk Sep.
ife Northw..
Coi. & Maysv.
Ohio Kiver
Ohio Southern..
Ohio Val. of Ky.
Ohio
Omaha & St.
Oregon Imp.
L..
Co.
Penusvlvania ..
PeoriaDec.&Ev.
Petersbui^
Phila.
Phlla.
&
Erie...
& Eead'g
Coal & Iron Co.
1890.
August
August
3d wk Sep.
August
977
17,001
47,469
7,441
4thwkAug
52,182
August
457,373
July
August
5,930,835
15,504
3d wk Sep.
-August
39,811
July
454,867
July
1,840,983
July
1,795,841
Pitts.Cin.&St.L. June
Pitts. Mar. &. Ch. August
&
West'u :JiUy
Plttab.
Pitts. Clev.&T. July
477,476:
3,118'
I
Pitts.Paiu.&F. July
Total system 3d wk Sep.'
Pltt.Young.&A. August
Pt. Royal & Aug. July
Pt.Roy.ifeW.Car. July
Pres.&Ariz.Cen. July
QuincyO.&K.C. August
123,989
39,7151
24,612i
I
Rich.&Danyille. August
Vir. Midland.. August
Char.Col.&Au.i August
Col.
& Green V.
West. No. Car.
Georgia Pac
Wash.O.& W..
Ashr. & Span.
Total Sys'm.
.
Etch. & Petersl).
Rio Gr. West...
Rome W. & Ogd.
Sag.Tuseola&H.
St.L.A.icT.H.B's
St.L.Ark.&Tex.
St.Paul&Dul'th
August
August
August
August
August
2d wk Sep.
August
3d wk Sep.
June
August
2d wk Sep.
3d wk Sep.
Augast
August
August
8t P.Min.&Mau.
East, of Minn.
Montana Cent. Augu.st
Total Sys'm. August
B.Ant.&Ar.Pass 2d wk Sep.
8. Fran.&N.Pac 1st wkScp
Sav. Am. & Mon. (August
Seattle L. S. & E. 3d wk Sep.
6ciotoVal.&N.E. July
49,290
131,0881
19,634!
25.203!
13,9571
22,3Sli
472,670'
204.500!
75,450;
59.000:
81,700'
167,400i
17,850!
13,950;
304,975
25,520
45,130
320,903
11,328
31,070
89,420
134,955
720,8721
67,458
101,034
889,384
38,748
18,298
36,011
9,520
58,684
Jan.
1889.
1,299
99,304
28,721
45,630
8,2
4.202
58,109
450,612
78.287
21,774
23,181
3,496
118,192
15,551
,092,494
6,984
130,625
137,609
,230,103
30,786
76,253
40,780
3,364
28,264
5,511
5,639
92 ,094
19,081
112,066
8,070
2,934
1 to
U.
Latest Dale.
1890.
1889.
$
33,140
17.530
981.392
891,855
438,958
179,208
1,916,414 1,658,405
330.054
321,277
156,833
147,105
2,409,301 2,126,787
13,870,106 13,592,310
2,619.389 2,448.71<J
766,393
700,729
171,046
133,414
27,713
27,015
862.698
635,990
101,389
89,356
7,800,82'
7,523,323
50,576
50,826
1,018,216
914,147
1.068,792
964,973
8,869,619 8,488,296
248.32
208,819
912,40
570,657
1,140.28:
1,027,855
24,612
27,930
342,018
318,294
227.883
188.496
266.780
174,536
3.203,506 3,123.97,8
803,658
657,958
689,191:
656,373
213,931
203,700
100,183
113,611
.
14,316
97,128
76,888
5,170
43.832
39,467
01,569 2,104,561 1,937,156
,591,928 11,625.661 10,421.623
29,627
229,778
180,084
11,663
362,580
391,027
473,728 2,619.967 2,353,003
36.949
190.845
192,297
27.872
809,273
791,100
376,989 13,532,179 12,502,001
58,388 1,768,785 1,679,558
1,141
7,706
6,096
54,827 1,883,160 1,739,995
6,402
276,619
32,678
2.81
60,315
39,694 1,264,870 1,154,523
100,404 4.464,889 4,411,828
63,059 2,640,431 2,632,406
84,892 2,680,323 2,820,121
,145,443 8,036,764 7,378.443
82,803 2,761,358 2,483,410
30,155 1,105.784
842,307
78,71]
71,340
9.510
894,130
127,715
839,569
118,099 1,276,894
869,783
693,910 5,196,41 2 4,587,104
224,767 2,140.636 1,907,815
298,524
328,640 2,406,471 2,202.750
1.446
13,965
14.833
23,530
147,137
130,993
92,655
103.030
12,291
1,400,985 23,580,299 23,133,040
;,538,440 10.228.501 14,735,023
578,.376 4,01?,5()7 3,493,768
492,069 3,327,200 3,091,177
354,824
388,330
60,743
43,943 1,598,590 1,382.765
145,865 1.007.972
887.098
111.753 5,054,789 4,221.994
424,573
363.809
35,694
588,056 4.390.332 3.847.190
509,726 13,714,058 14.004,539
112,717 2,884,929 2,757,905
144,949
137,23.8
21,543
7.457
1,181
6,182
479,490
406,3.57
16,228
323,895
339,854
46,185
114.003
97,463
6,360
400.250
310,041
52,667
413,591 2,496,121 2,400,440
.,993,964 43,203,834 39,239,876
522.114
548,338
15,912
323,612
34,968
368,948
481.758 2,891,024 2,442.494
,804,311 11,502,510 10,274,181
,067,410
369,539 3,006,850 2,631,866
13,531
23,985
2,077|
120,399
832,128
799,908
273,726
43.698
287,089
109,147
158,283
26,984;
39,095 1,595.134 1,578,187
9.33,168
753,897
127,721
183,422
173,297
21,271!
19,609'
9,149'
20,704'
428.100
184,700!
69,068
56,038
219,956;
73.874
137,524
3.753,998
1,483,189
584,606
523,621
610,901
1,212,969
92,432
92,079
8,998,188
229,763
198.85,8
73,046
160,735
3,401.363
1,349,114
557.789
439,617
573,70'2
73,636'
123,080'
854,873
15,852'
77,874
12,190'
77,104
7,928,312
260,900,
194,214.
24,812i
33,750: 1,261,0171 1,023,796
281,3791 1,871,487! 1,539,283
72.930
11,746'
66,115
709,134
864,359
24,121
92,903 2,630,163 2,274,075
765,237
131,204
890,339;
645,182 5,357,238 4,581,783
200.126
42,174
381,379
536,782
690,502
82,983
770,340 6,429,120 5,324,693
830,746
36,136 1,076,969
517,198
512,136
18,113
77,273
2i0,853
10,312
190.313
296,959
7,251
380,853
353.893
53,511
...
September
....
.
THE CHKONICLE.
27, 1890.]
Lalett
1
Kamlngt
418
Rtporltd.
BOAO*.
Wr fk or i{o
iseo.
1830.
*
123.000
25.580
110.060
9,080
8a«nnni)nitli V«liAnKU»t
Slonxcit.vANo.lJuly
Boutli (.'arnllnn lAuKUSt
Bpnr. I'll. A Col. July
Bo. I'acItU' Co.—
Gal.IInr.i-8,A. July
•
834.004
141.755
017.852
07,833
100,164
98.079
7,845
821 '..Vis
63,084
812.322
88,237
' '
Lnuis'lt West.. July
Moriraii's X.AT. July
36.^.420
N. Y.T.&Mi'x lulv
Tox. A N. Orl. July
Atlantic syn'iii July
Faoltlc RVrttein July
Total of all.. July
8o. Pao. RR.—
No. Dlv. (C'al.j July
Bo. Dlv. (fill.) July
Arizona Div.. Julv
NewMex.
15.139
154,819
035,«36
3.143,583
4,079,519
Dlv. July
Vuicugt
July
.\ueu8t
tVuftust
\UKU8t
AUKtist
Texaa&PaolUo. 3d \vk Sep.
ToI.A.A.AN. M. 3d wk Sep.
Tol. Col. ACIn.. 3d wk Sop.
Tol.A Ohio Cent. 3d wk Sop.
To'i.AO.Ceu.Ex. AuKust
Tol. P. A West.. 2d wk Sep.
A K.C. ad wk Sep.
Tol.ASo.Havcu. \ut5U.st
Ulster* Del.... July
Tol. St. L.
Union Pacinc—
Or.e.L.&U. y.'july
Or.By.AN.Co. ,Tuly
St.Jo.AG'dlsl. 2d wk Sep.
246.291
589,546
139.456
70,704
138,735
13,439
07,297
82,910
6,132
18.230
119,951
22.437
6.212
34.373
9,112
280.574 2,260,360 2,081,021
88.028
026.682
578,762
806.403 2,892.103 2,753,823
14,302
98.721
79.033
147.460 1,036.052
896.550
897.676 6.014.915 0,388,707
3.128,458 18,731,169 18.89H.342
4,026,134 25,640,084 25,286,040
234,203 1,246,1.58
627,201 3,611,619
128,176 1.151,892
69.537
602,767
127,151
707.626
11.285
26.269
92,437
636,871
70,483
638.380
5,401
51,885
18,241
133,170
132,087 4,639,054
18,814
831.471
5,397
221,143
27,536 1,034,875
8,970
68,735
1,182.465
3,487,564
1,064,913
554.439
661.397
22.290
772.320
527.761
43,453
1
15,986
4,2!ll),734
672.7.53
20.4 IS
19,751
039,<)()3
174,139
843,792
63.170
621,780
23,284
2,744
47,849
25,220
2,393
42,276
1,080,><3H
<i!19,282
16.8(ii»
13.939
167,498
'
199,632
6.50.461
464,.'S49
404,824
25,814
!
Wayne Cln. & Louisville included for both years since July 1.
New coal extension operated since July 21 in 1890 and Utica CUn"
ton & Bing. included for both years since July 1
* Ft.
a
Mexican currency,
Latest Kress Earnings by
On
3d
Weeks.—The latest weekly earnsummed up as fol-
the 43 roads which have thus far reported for the third
of September the gain is 7-86 per cent.
leeek of September.
Buffalo Eoch.
&
1S90.
Pitts....
Canadian Pacific
-Cent. Vermont (3 roads).
Chesapeake & Ohio
Chicago Mil. & St. Paul..
Chicago & West Michigan
Cincinnati Jack. & Mack.
Denver A Rio Grande ..
& North.
Duluth So. 8h. & Atlantic
Evans. A Indianapolis..
Detroit Lans.
.
.
Evans. ATcrre Haute....
Grand
Rapld.s
Cincinnati
& Indiana.
K AFt.W..
Louisville A Nashville...
Louisville N. O. A Texas.
Louisville St. L. & Texas.
Mexican Central
Mexican National
Milwaukee L. Sh. A West.
Milwaukee
isorthern
Kew York Out. & West.
<s:
.
Norfolk A Western
Northern PhciUc
Ohio River
Peoria Dec. A Evans
Pittsburg A Western....
Elo Grande Western
Bt Louis Ark. A Texas..
Seattle L. 8. A Eastern ..
Texas A Pacillc
Toledo Ann.A.ANo.Mlch.
Toledo Col. A Cihcinnatl.
Toledo A Ohio Central ...
Toledo St. L. A Kan. City.
Vr abash (oonsol. system).
W estern N. Y. A Penn.
.
WheeUng A Lake
Wisconsin Central
$
43.887
365.000
103,316
164,021
635,500
32,640
13,070
190,000
26..502
52.509
6,532
22.030
52,872
9,000
4129
Otherline.s
Iowa Central
Erie...
Clevp. Cln. Chlo.
Pooria
A
A
8t.
L
250,127
32.011
37.091
0.511
23,364
28,681
140.573
50.726
18.655
Eastern
Colorado Midland
Detroit Bav C. A Alpena.
•Detroit Gr. n. A Mtl...
Detroit Lansing A North.
East Tennessee Va. A Oa.
Flint A Pero Marquette..!
Florida Central A Penln.!
.Michigan
Kanawha A
7.66'>
i
Kansas C. Mem, A Blrm.l
Little Roik A Memphis..'
Loulsv. N.
All).
A
22.143
12.603
66.567
41.422
103,082
C'tilc...
.Memphis ACharleston...'
Ohio A Mississippi
Ohio River
Rich. A Danv. (8 roads)..
St. Joseph A Gr. Island. .>
St. L. Alt. A T. H. Brches.
San Antonio A Ar. Pass.
Toledo Col. A Cincinnati.'
Toledo Peoria A Western
17,461
[
304.973
21.151
31.070
38.74?
6.414
20.41S
•
210,017!
2l,01ll
129.2141
82.2.^2
9.972;
16,00(1
20.230
46,122
67,310
10.099
5,143
13,583
05,097
78.287!
3,180
84.565
27.365
161,133
15,308
272.476
"a.745'
6.tt0
2.712
1.601!
10.849
32.509:
29,352,
12
8,630
8,915
506
21,774!
1,500
2,867
20,550
0,454
23,814
129,023
45,272
18,099
5,511
19,081
11,665
68,388
39,691
112.717
16.228
260,900
25,814
5.56
2.154
3,062i
1,034!
1,821
l,723i
'0.635
I
1,233
44,075
4,663
24,121-
6,949
36.156
2,.592
6.241
19,731
607
40.655
383,815
60,833
8.606
101,696
69.974
91.480
35.950
52.202
154,773
584.375
17.061
15.504
49.290
45.15(1
89,42t*
9.530
149.951
22.437
e,212
34,373
28,284
270,500
:72,100
23,829
108,421
Total (87 roads)
Net
lncrea.se '5
86
173
',366,658
'For week ending September 13.
will furnish a
results for a series of weeks past.
The following
WEEKLY OBOSS
Period and
6,958,688
1889.
Inerease.
$
35.809
381.000
101,287
134..370
585.383
26,164
13,357
186.000
27.003
47,023
8,003
21,180
45,630
8,277
4,202
40,780
376.989
54 827
6.402
1 00,404
63.959
82,803
30.155
43.945
111.753
509.726
16,228
15.912
39,093
33.750
92.903
7,231
132,087
1S.814
5,397
27,536
25,220
287.839
75,100
18,991
101,798
Decrettse.
$
$
8,078
16,000
2,229
29,651
50,117
0,476
313
comparison of the weekly
EABNIXG8.
<— Tnereate.
number of roadt
ineluded.
1st week of Aug. (89
2d week of Aug. (89
3d week of Aug. (88
4th week of Aug. '88
1st week of Sept. (87
2d week of Sept. (87
3d week of Sept. (43
501
5,546
1,471
850
7,2*2
723
73
"5.875
6,820
6.008
2,201
,2:12
6,015
8.677
5.795
8.257
43,020
74,64!)
833
408
10,195
11,400
.
101,045
1890.
Amount,
1889.
s
P.et.
6.725,583 6.259,283
7,303,921 6.663,282
7,095,002 6,731,0.56
9,864,371 9,577.831
7,233.513 6,658,009
7.366,658 6.958.688
4,254,281 3,914,372
roads).
roads)
roadsi
roads).
roads)
roads).
roads)
466.300
640,630
363,916
286,540
505,504
407.070
309,900
7-45
9-6X
5-41
209
804
5-88
7-8a
Net Earningrs Monthly to La' est Dates.—The table following shows the net earnings reported this week. A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the Chronicle of September 30. The next will appear ia
the issue of October 18.
Oroes Earninng
Ket Earning!.-^
1890.
1889.
1890.
1889.
Ro(X(is
.
'
S
id
.
IK
M
Chicago A Atlantic. July.
216,747
182,345
52,757
51.690
Jan. 1 to July 31... 1,571,374 1,213,962
335,007
209,077
Det. Bay City A AL.Aug.
41,046
40,461
12,931
16,051
Jan. 1 to Aug. 31...
371,279
351,974
177,056
166,034
Flor. Cent. A Penin.July.
79,349
78,763
5,663
5,475
Jan. 1 to July 31...
690,633
659,993
111,728
105,710
Iowa Central
Aug.
150,252
138,497
40,599
61,319
Memphis A Cha'st'n. July.
142,585
125,514
33.222
40.019
Jan. 1 to July 31... 1,007.860
936,213
221,463
264,783
Mexican National... Aug.
286,633
310.378
58,577
42,933
Jan. 1 to Aug. 31... 2,435,501 2,447,801
483,643
421,283
Northern Central... Aug.
553,698
588,086
115,078
199,837
Jan. 1 to Aug. 31... 4,390,332 3,847,190 1,192,270 1,259,016
Penn. (E. of P. &E.). Aug. 5,930,835 5,993,964 2.292.028 2.032.474'
Jan. 1 to Aug. 31 ...43,263,831 39,239,876 12,623,741 12,898,601
Lines west of P. AE. Aug.
Inc.
241,925
Deo.
22,813
Jan. 1 to Aug. 31
Inc. 3,570,083
Inc. 1,079,773
•970,941
'989,619
Phlla. & Reading... Aug
Dec. 1 to Aug. 31
•6,771,656 *6,157,478
def. 43,002 def.60,210
Coal & Iron Co. ..Aug
Dee. 1 to Aug 31
df.748,082d.l, 112,395
127,721
53,024
58,887
Pitts. Y'oungs. & Ash. Aug.
131,083
250,397
933,103
753,897
352,522
Jan. 1 to Aug. 31...
30.703
St.L.Alt.AT.H.bchs.July.
109,623
78,643
44,390
561.803
280,821
203,264
Jan. 1 to Aug. 31...
639,722
23,580
0,239
Sioux City & North. July.
141,755
03,073
Jan. 1 to July 31...
72,108
133,735
127.151
61,173
Statcn I. Rapid Trtvn. Aug.
707,626
001,397
262,066
213,030
Jan. 1 to Aug. 31...
234,795
233,036
152,812
118,567
July 1 to Aug. 31...
97.297
3.037 def.8,818
Aug.
92.437
Sumndt Branch
772,320 def. .53,533
41,049
656,871
Jan. 1 to Aug. 31...
3,725 def .10.199
Aug.
82,940
70,483
Lykens Valley
1,780 def. 40,496
Jan. 1 to Aug. 31...
638,380
527,761
68,000
57,000
Tenn.CoalAIronCo.Aug
425,300
581,700
Jan. 1 to Aug. 31
364,500
478,400
Feb. 1 to Aug. 31
116,364
143,966
191.222
217.837
TJn'nSt'kY^ds.AT.Co.Aug.
904.374
Jan. 1 to Aug. 31... 1,720,873 1,435,011 1,106,674
23.265
33,335
70,394
03,828
W.Va. Cent. & Pitts. Aug.
148,775
209,264
437,804
606,341
Jan. 1 to Aug. 31...
. . .
4,000
1
509.615
407.070
p. c.)..
.
a Main Line.
ings in^the foregoing table are separately
lows:
week
Cln.N.O.AT.P. (5 roads).
Cleveland Akron A C^l..
«
I
!
699,268
-
t
A Ohio Moiithw ...
Burlington C. R. A No...
'Chicago A (iraiid Trunk.
Chicago St. P. A K. City.
Chicago A West Michigan.
*
4^113,497
675,000
j
4.222,823 3,509,201
2,330,914 2,371,933
21,151
1,017,412
811.492
Un.Pac.D.AG.'July
527.H62 397287 3.166,308 2.397,913
All oth. lines.. 'July
2,030,318 2.038,254 13,162,303 11. .'169,396
^Tot.U.P.8y8. Joly...
3,837,362 3,573.627 23,739,112 20,477,974
Cent.Br.&L.L. July!;!'....;
60.149
."^2.477
650.2711
382,273
Tot. cont'led July
3,903,511 3.626,105 24,389,383 20.860,247
Montana Un..'july
86.831
59,462
515.174
403,605
I.eav.Top. AS.'July
2,157
2,498
16,9-1
18,326
""
Man.Al.A
Al.AB
Bur. July
2.661
2,614
19.621
18,176
Joiiit.oxrii'd.'s'july
45,824
32,287
275,888
219,033
Grand total. July
3,949,335 3,638.392 24,685,270 21.079.299
U.S'kYd.s.&T.Co August.... 217,8371 191.222 1,720,873 1.433,011
Vermont Vallev August....
20.130
20,568
125,673
123.111
^abasti
SdwkSep. 270,500 287,859 9,186,500 9,019,345
Western of Ala.lAu^fust. ..
42,018
38,265
330,154
315,846
West Jersey
IJuly
201,812 191.052
902,514
820,162
W.V.Ccu.&Pitts. August....
93,828
70.394
606,344
487,804
Wc8t.N.Y. A Pa. 3d wk Sep.
72,100
75.100 2,561,572 2.441,332
Wheeling* L. E. 3d wk Sep.
23,829
18.991
829,216
634,094
Wll. Col. A Aug. July
56,996
49,451
489,135
549,867
Wisconsin Cent. 3d wk Sep. 108.421 101,798 3,624,132 2,913,623
WrightsY. ATen August. . .
7.154'
6,338
54,567
43,385
.
4.606,047
057.257
30,088
145.214
80,329
01,265
80,893
75,107
03.310
33.805
103,805
16,990
Bait.
1
Btaten I. Kaii. T.
8toneyCl.AC.Mt.
Bummlt BrancU.
Lykcus Vullcy
Tal.A Coosa Vnl.
Innn. Mhlland..
»
Prer'ly rcpopt'd 43 roa(U)
At.Top. .tH. F.nygtflin...
KondsJ'tly owned >«..
Bt. LouU .% 8. Fran. sy*.
Rooils J'tly owned •«.
•
580,830
3,483
....
2.269
17,864
3,623
815
6,837
3,061
•
17,359
3,000
4,838
6.C23
Total (43 roads)
4.254,281 3,944,372
352.201
42,295
Wet Increase (786 p. o.).
309,909
* For week ending September 20.
For the second week of Septeihber the final statement, covering 87 roads, showsJo'Sd per cent increase.
Net profit.
Interest Charges and Surplus.— The following roods, in
addition to their gross and net earnings given above, also
report charges for interest, &c., with the surplus or deficit
above or below those charges.
,-InUr'U rtnlalt, i*e.-^ ^Bal. of Xtt Eam*.-%
1890.
Roadt
Nash. rhatt.& St.L.Aug.
July 1 to Aug. 31^.
Tenn.CoalAIronCo.Aug.
$
83.204
167.821
36.000
1880.
$
70.270
156.760
1890.
8
61.902
121.870
32,900
1889.
S
S5.459
9e,3.-il
.«
THE CHROIMCLE.
414
I
1887-^^8
Net earnings
Deduct—
Illinois Central Railroad.
Rental
(For the year eliding June 30, 1890.^
The annual repoi't of the directors for the year ending June
30, 1890, is given at length on subsequent pages with full balance sheet and exhibits.
The best answer to any criticisms on the management of
the company is for the directors to publish full reports of its
operations and financial condition as they have done in the
It appears tliat after paying all
past, and do again this j'ear.
charges and 6 per cent dividends there was a small surplus, which was caiTied forward to the surplus dividend
Total
Net surplus.
Passenger
$2,757,025
10,004,754
1,685,027
$12,801,713
$14,448,000
$1,458,907
1,109,944
4,752,982
648,739
$2,110,777
1,271,249
5,473.747
709,331
Total
$7,970,572
Net earnings
$4,831,141
Per cent of oper. expenses to earnings.
62'26
1NCO.ME ACCOUNT 1889-90.
$9,565,104
$4,882,902
66-20
Freight
Mail, express and miscellaneous
$912,000
$912,000
$912,000
69,199
90,000
77,359
3,447
180,000
87,463
$981,199
$182,203
$1,079,339
$65,897
$1,182,912
$398,051
30, 1889.
$4,444,737
175,662
2,961
358,515
Cash
Other accounts
Total assets
LiabilUifS —
Capital stock
Reserve for siukin'g fund
Eeplaocment
of rolling stock
fund
Current accounts
Rent of road accrued, not
Profit and loss
due
Total liabilities
Maintenance of way, &c
"
"
eciuii>ment
Transportation and miscellaneous.
Taxes
Keeeipts
Total
lyl$buraements—
Balance
Deduct dividends
Miscellaneous
$1,404,925
1,106,955
2,400,000
400,000
213,413
50,000
Total
Surplus
$5,635,293
$8,812
Permanent improvements
The deficit for the year on the Dub. & S. C. RR. below its
charges was §7,613. and on the C. F. & Minn., 8196.783; total
Of this deficit §113,370 is rent for the C. F. & Minn,
$204,396.
paid into court, and therefore contingent.
Ciuclnnati
New
{For
Orleans
& Texas
Pacillc Railway.
June 30, 1890.^
year has been changed to end with June
$18,132
Surplus
:
1889-90.
Miles of road operated
336
336
336
No. of passengers carried
656,018
695,258
813,852
No. of passengers carried 1 mile. 31,910,719 34,283,703 42,660,890
Eevenue per passenger per mile.
2-45 cts.
2-32 cts.
2-25 cts.
Tons of custom freight moved...
1,576.340
1,737,060
..,„*,, o„u
1,923,306
Tons of custom fr't iuoved 1 mile 273,173,941 298,910,667 332,873 387
Revenue per ton i)er mile
0-93 cts.
0-88 cts.
0-92 cts
—
Freight
Mall service
Express service
Miscellaneous
Total
$780,596
$794,399
$959,119
2,597,191
67,193
2,672,151
96,315
60,527
32,467
3,122,074
105,749
81,930
39,022
54,900
25,896
1888-9.
1889-90.
$9,080,881 *$9,388,691
5,422,394
5,307,129
1887-8.
$8,073,871
3,201.050
$3,658,487
1,5.)4,080
$1,918,741
1,300,000
$2,101,407
1,430,000
$618,741
$674,407
$4,081,552
1,397,880
$2,483,672
tl,560,000
$923,672
luclu les other inoomes.
3 per cent in cash and 3 per cent in dividend bond scrip.
Tearend,
Sept.'cO. Pasiengtrs
1878-79.. 46,045,181
1879-80. .60,831,757
1880-81.. 75,385,778
1881-32. .86,361.029
1882-33.. 92,124,943
1883-84.. 96,702,620
1884-8.5.103,354,729
Yearend.
Earnings
Passengere.
Sept,30,
$3,520,825 1885-86, 115,109,591
4,612,976 1886-87.158,963,232
5,311,076 1887-88.171,529,789
5,973,633 1888-89.179,497,433
6,386,500 I'earend,
6,723.832 June30.
7,000,566 1389-90.185,833,632
Earnings.
$7,426,216
8,102,662
8,673,871
9,080,881
9,302,681
A comparative statement
of passenijer traffic on the several
lines in the past three years makes tlie following exhibit:
Year ending
Tear ending
Tearending
Sept. 30, 1688.
Second Avenue
Third Avenne
Sixth Avenue
Ninth Avenue
Total
the Trustees of the Cincinnati Southern Railway. This was in
regard to the renewal of the lease and the demand for arbitration on the claim of this company against the city of Cincinnati, for damages through the city's failures to furnish adequate terminal facilities, &c. The subject is now in litigation
on the question of arbitrating this claim (of §824.406) according
to the provisions of the lease. Mr. Schiff's report will be found
at length on another page.
The prosperity of the company in 1889-90 was quite notable,
and tlie net earnings below show a gain over the precedini^
year of §435,707. The road, it will be remembered, goes into the
control of the East Tennnessee Virginia & Georgia Company.
The statement of income for the other lines of this system was
given briefly in the Chronicle of September 6, on page 303.
The tables of statistics compiled in the usual form for the
Chronicle are as follows
OPERATIONS AND FISCAL RESULTS.
1888-89.
$5,300,936
Se2)<.
30, 1889.
^(01630.1890.
32,290,953
68,308.460
53,115,965
17,814,411
33.111.925
69,924,730
38,329,410
18,131,368
33.292,438
72,338.298
61,843,089
18,359,707
171,529,789
179,497,133
155,833,632
30.
Cliarles Schiff, President, gives much information concerning the affairs of the company, and particularly the correspondence between himself, as President, and
1887-88.
$4,981,895
The following is a statement of the number of passengers
carried on the elevated railroads in New Yorlt, and the gross
earnings, since the comijletion of the roads:
the year ending
The fiscal
The report of Mr.
Earnings
Passenger
$1,578,132
1,560,000
$5,»44,107
Interest on Illinois Central bonds
"
" Chicago St. Louis & New Orleans bonds...
Dividends on Tllinnis Central atoclj
"
" Leased Line stock
$3,000,000
492,000
27,356
579,757
201,033
1,000.790
Net earnings. ...$3,132,212 $3,472,821
1,554,080
and rentals... 1,554,080
$4,882,902
723,026
38,109
&c
$5,300,936
$3,000,000
403,112
46,378
782,634
201.032
548,739
Interest
*
Miscellaneous
^
9ro88 earnings
$8,102,662
Oper. exp. and taxes.. 4,970,430
1
interest,
$4,981,895
'1
—
Net earnings
Net receipts from
30, 1890.
$4,031,200
204,031
22,967
448,138
(For the year ending June 30, 1890.^
The fiscal year of the Manhattan Elevated has been
changed to end with June 30 instead of Sejjt. 30, as formerly.
Below is an oificial statement of the results in year ending
June 30, 1890, compared witli previous yearn ending with
Sept. 30.
he balance slieet as of June 30, 1890. was given
in the Chronicle of Aug. 16:
18*0-7.
Total
Operating expenses—
June
JIauhattaii Elevated Railway.
2,2'
$2,525,806
8,703,690
1,572,217
$1,580,963
BALANCE SHEET.
June
Assets—
Road, equipment, &c
Materials and supplies
1889-90.
1,114
1889-90.
$1,145,257
Dividends
Sinking fond
1888-89.
1889-90.
Miles operated
2,713
2,875
Number of passengers
carried
7,444.111
8,207,213
"
"
one mile
150,688,320
158,167,000
Bate per passenger per mile
2010 cts.
2-078 cts.
Freight (tons) moved
5,527,058
0,359,729
"
"
one mile
l,053,-294,405
1,189,282,889
0-94 cts.
Kate per ton per mile
0-93 cts.
FISCAL RESULTS OF ILLtSOIS CESTRAL (NOT ISCLCDINO IOWA LINES).
188889.
1888-89.
$1,163,402
Interest on current accounts
fund. In the increased operating expenses, a leading item is
the •' maintenance of way," which was greater by §651,870
the past year tlian in 1888-89.
C'omijarative statistics of the operations and income account
have been compiled for the Chronicle below. The operations include the Iowa lines, although the earnings and expenses
do not include them.
OPERATIONS or ALL LINES (INCLCDING THOSE IS IOWA).
Eaj'uhiffs—
U.
INCOME ACCOUNT.
ANNUAL REPORTS.
Eoadoperated
Vol.
Operatingexpenses and taxes...
$3,525,770
2,362,376
$3,055,859
2,510,603
$4,309,144
2,728,181
Net earnings
Perct.of op. expenses to eam'gs
$1,103,402
67-00
$1,145,256
68-67
$1,580,963
63-31
Fitclibnrg- Railroad.
(For the year ending June 30, 1890.^
The annual report is actually for the nine months ending
with June 30, 1890, the fiscal year having been changed to end
with that date instead of September 30. The figures showing
traffic and earnings, however, are given for full years ending
with June 30, to institute a proper comparison. The report is
very brief, and says nothing of the Troy & Boston litigation and settlement, nor anything of the company's financial condition and prospects.
It states that " tlie car shops at
Fitchburg have been completed at a cost of §310,121, and are
fovmd to be ample both for construction and repairs. Work
has been concentrated in them, leaving only sufficient force at
junctions and terminal stations to do running repairs." * *
'The average rate per ton per mile received for carrying freight
continues to diminish, partly because the increase in tonnage
is greater in the low classes, and partly because the restraining influence of the Inter-State Commerce law is not so marked
as in the years immediately succeeding its passage. The surplus earnings for the nine months, amounting to §96,645, have
been carried to improvement account, and the purposes for
which it is used will be shown in future reports." * *
"A consolidation agreement between this company and the
Cheshire RR. Co. has been made."
The comparative statistics for two years, compiled for the
Chronicle, are as below given for the full years ending
'
June
30:
OPEBAIIONS AKD FISCAL RESULTS.
1888-89.
Total miles operated
Opcrationa—
Passengers carried
Passenger mileage
Rate per passenger per mile
Freight (tons) moved
Freight (tons) ml cage
Rate per ton per mile
369
5,755,475
87,501,320
r
1889-90.
369
5.895,202
91,703,034
1-96 cts.
1-91 cts.
3.448,160
345,657,624
3.971,318
390,079,S22
1-03 cts.
1-015 cts.
'
September
THE CHRONKJU*;
1890.
27,
'I'^lt-OO.
1
rnaHt'iiKcr
FrelKlit
Mall, oxiircesD, lonts,
*1.7r.'.S80
3,674.8!>8
Total KTOss etimliiKa
Operating ozpciue«
3,im 1,776
5 11.003
$5,747,085
$0,250,534
$'i,20:),Oi3O
$t,3.'>0,008
127,712
17.'V,598
Wi390,792
$4,5.2.'>,00«
^1,387,193
73'ao
.f 1,733,028
Taxes
Total expenses
Not carnlnKa
Per ecntof op. ox. to earns,
(exol. taxes)
*l,7.'..'>,765
100,500
&o
00 50
416
»t««j»t'<^» for
four v.-ars, coinpilo<l for
form, are ta follows:
*^^^
the (uual
CnKo.vici.K ia
tlu)
EARMI.VIS AlfD EXTSmES.
1880-87.
188*-88.
1888-99
1880-MI.
*
g
* *
rasjionKcr
72«,0«1
834.823
HO«,a27
£.'•«'<«"«
1,891,715 2,10v,95fl 2,277,119 2,46:1,200
Hall,exprniis, renKAo..
15.3,872
I53,'t7»
Earniiigi—
Total (TTosH oamlnijs.
Total operating cxpou.
213,4H
210,222
2,774,248
1,578,611
3,0!) 1, 0.53
3.300, 1H.1
3,5.V),iOl
1,770,240
1,051,444
2;i39,85l
1.195,037
66-90
1,321,404
57-35
1,348,721
50-13
1,410,010
00-27
INCOME ACC0C5T.
Reetiplt—
Net uuriiiuKS
Keiilalrt
lutircrtt
*l,733,y28
$281,280
702,806
$271,980
700.153
27,875
H.afl3
1880-00.
on debt...,
Other Interest
Dlvlduuda
261, H30
Total dlgbnrscmcnts
$1,071,961
$285,232
•.
$1,341,232
*392,«06
OENEBAL BALANCE SHEET.
Auets—
S'epf.
Construction
Etmliiinent
Bos. nnrip 4 Gard. construction
Troy & crecn. RR. & IIoo. Tun. consol.
Hoo. Tun. Dock A El. purchase
Troy & Boston cousolldntion
B. H. T. & W. K'y purchase
Kcal estate
Pernmjieut iiuproTements
In vesmieuts
("••l'
and cash accounts receivable
Materials and supplies
Bills
Total
Liabilities—
Stock, common
'
P. c. op. expen. to
cams.
INCOME ACCOUNT.
paid
Sarpliis
Not eamlntrs
1889-89.
1^1,357,103
prefened
Funded debt
Notes payable
\ ouchcrs and accounts
DiNldeuds
Interest
Other accounts
Profit and loss surplus....
Total
30, 1889.
June
30, IftOO.
$4,838,149
3,535,921
$5,141,376
95S,.506
O5'(,,509
11,787,385
2,031,744
4,333,300
7,01 5,233
603,961
1,845,210
2,155,332
357,401
1,087,925
747,7 16
11.7S7,785
2,031,744
4,333,300
7,015,233
$41,207,873
$41,811,920
$7,000,000
13,775,100
18,534,600
300,000
835,881
6,050
257,563
259,277
329,392
¥7,000,000
13,775,100
18,334.600
280,000
631,074
$41,297,873
$11,811,920
3,7.33.001
1,957,365
2,134,977
.5.'>7,313
1,095,053
765.604
2()2.434
241,595
304,447
282,672
Ohio & .Mississippi Bailtray.
CFor the year ending June 30, 1890.^
In advance of the pamphlet report, the Chronicle has been
„ „
NotcamlUKs
,
.
,
1886-7.
*2,650,480
1,312,427
1'otal
income
Net earnings...
Dishn I'sem rnts
$1,337,953
—
Interest on debt..
$2,935,.3fil
1,915,357
1889-90.
$4,214,747
2,912,473
244,142
$1,019,804
$1,302,274
iiSl,
1888-9.
$1,024,716 $1,042,530 $1,047,671 $1,0.54,245
57,000
65,000"
61,000
105,600
29,931
80,377
Slnkingfund
Miscellaneous
Total
$1,081,716 $1133,461 *1, 193,048 $1,219,845
8ur.$256,237sur.$110,681 df.$173,214 sur.$82,429
Balance
N'asliville
Chatiauooga
&
St.
Lonis Railway.
'CFor the year ending June 30, 1890^.
Mr. J. W. Thomas, the President, rcmarlis in his report
"The bonded indebtedness is the same as shown in last annual
report, §12,307,000. The §250,000 first consolidated mortgage
bonds issued in lieu of the same amoiint of Duck River Railroad bonds, which had been purchased and retired, have been
disposed of."' * *
On the l.'ith day of May, 1890, tlie companv purchased the
Tennessee & Coosa Railroad for the sum of §2'30,000, and executed its notes therefor, dated May 15, 1890, payable six
months from date, whicli accounts for the increase of the
floating debt. This line runs from Gadsden. Ala., via Attala,
to Guntersville, thirty-five miles.
With this purchase the
company acquired a claim to about 70,000 acres of land originally donated by the United States to aid in the construction
of the road. It is proposed to complete the road to a point
near Guntersville, and extend it thence via Manchester to
Bells Factory or Huntsville, about forty miles, thus giving a
direct connection with the Anniston & Cincinnati Railroad
and other roads centering at AttaUa, to which there is tribu
tary a large iron-manufacturing district. Upon the completion of the road the company wiU issue its first consolidated mortgage five per cent iDonds for the purpose of providing funds to pay for the purchase, construction and equipment of the same.
The stockholders on June 25, 1890, authorized the Board to
extend the Ja-sper branch from Dunlap, its present terniiaus,
:
to Pikeville or Crossville, twenty miles, and to issue the company's first consolidated mortgage bonds to pay for the same.
The Western
Atlantic Railroad, extending from Chattanooga to Atlanta, 138 miles, was taken imder lease from the
State of Georgia by a bid of this company for a period of
twenty-nine years, at a rental of §35,001 per month,
and §500,000 State of Georgia Z\4, per cent bonds wero
ptircbased by the company and deposited wutb the Treasurer of that State as security for compliance with the conditions of the lease act, and the company will take possession of
the road at the expiration of the present lease on the 37th day
of Deceftiber, 1890.
&
1889-89.
1889-90.
1,848,721
1,410,610
19,801
1,321,404
1.348,721
1,430,4U
13,443
1,200,032
I>lKbiirscmenlt—
Interest
i
Taxes
j
s
Dividends
Rate per cent
Improvements
Total dlsbarsements.
Balance, surplus
»
$
700,834
260,741
809,006
333,420
4
15,015
60,903
85,883
1,172,500 l',264,025
118,811
84,606
1, ,202,696
709,834
260,741
4
110,480
1
1,096,055
113,027
GEMEBAL BALASCB iVSS
9
5
i
776,760
g6,«2«
333,128
.5
137,713
30.
1887.
1889.
1880.
$
ft
^
Assets
Road and equipment
1890.
17,512,645 19,678.122 20.426,078 21 ,236,843
Assets not available
69,421
102,894
100,037
ie4,2sa
"
Inv'tm'ts In st'ks & bonds
470,663
609,24M
635,>i08
395,477
Bills receivable
37,647
35,007
3-','.'C7
23,067
Real estate
54,129
54.120
54,129
51,129
Due from agents, <!cc
294,804
176,310
140,076
143,109
Cash on hand
375,211
984,320
478,933
416.200
Total
lAabiliiies—
Capital stock
«
Bonded debt
Bills
payable
Dividends
rolls,
&c
Miscellaneous
Profit
6,668.531 6.668,575 0.608,606 6.668,012
9,207,000 12,307,000 12,307,000 12,307,000
604,402
16,526
71,278
355,875
61.299
10,525
10,460
57,59ft
297,650
371,910
361,112
360,222
83,4><3
84,411
100,899
101,202
97,124
123,248
112,890
121,422
884
56,943
l,8t 3,147 2,057,901 2,239,640 2,463,233
:
Bnl'ce due individ'Is, Ac.
Interest
Pay
—
—
18,823,520 21,340,096 21,028,828 22,435,167
ana loss
Total
18,823,520 21,640,090 21,928,828 22,435,167
Toledo
CFor
1887-8.
$2,733,417
1,489,275
1887-88.
1,321,401
Uisoellancoua recolpt«...
furnished with the following figures:
ISCOMB ACCOUNT.
Gross earniues
Op'g esp. and taxes
1896-87,
I,105,.i87
& Ohio
Central Railway.
the year ending
June
30, 1890.^
" The
of Mr. Stevenson Burke, President, says
management is carrying out its policy of improving the road,
and adding to and improving tne equipment. To meet the
increasing business it has been found necessary to add considerably to the equipment during the present year. The company is now receiving five new engines, five hundred coal carsand one hundred box cars. With this additional equipmentit is lioped the company will be able to move promptly all the
freight that may be offered. Attention it called to the very
gratifying increase in net earnings from $380,910 in the year
closing June 30, 1889, to §579,112 for the j;ear closing June 30»
1890.
The gross earnings were increased in 1890 over the preceding year more than §225,000. The operating expenses
were increased only about §27,000. The percentage of operating expenses was reduced from 67-27 in 1889 to 58-30 in 1880.
This result has not been accomplished by suffering either the
track or the rolling stock to run down."
The following tables have been compiled for the CHEomCLEt
The report
:
OrERATIOSS AND FISCAL RESULTS.
1887-8.
'
—
1889-90.
1888-9.
235
237
Miles operated June 30
Operations
235
224,236
5,762,612
2-136 eta.
1,302,461
173,467,780
0-549 cts.
219,686.589
9-532 cts.
$110,719
959,670
97,188
$123,092
954,616
86,110
1,168,889
91.730
$1,167,577
Total earnings
806,749
Operating expenses and taxes.
$1,163,818
819,292
$1,388,750
913,111
^60,828
$344,526
70-40
$545,639
197,366
5,29M,269
2-092 ets.
Freight (tons) carried
1,249,979
Freight (tons) car. one mile... 173,242,607
0-554 cts.
Rate per ton per mile
Niunber of passenger carried..
Number of pass. car. one mile.
Rate per passenger per mile.
. .
—
Earnings
Passengers
Freight
Mail, express,
&c
Net earnings
Percent operat'gexp. to earn.
69-10
237.83fr
5.353,92a
2-337 ets.
1,639,-29L
$125,12»
60-71
INCOME ACCOtWT.
SeceipU—
Net earnings
Other income. Int., rentals, &c
Total
1888-9.
1837-8.
$360,328
Rentals
Div. (2>a p.
c.
on
Miscellaneous
Total
Balance, surplus
pref. stock)..
1889-90.
$543,639'
30,76O
$360,828
$366,610
$576,399
$150,000
$150,0(X)
^
.3.5,628
3'''*?5
$150,000
si.ssa
-13,979
—
29,256
.-
--.WA
Deduct—
luterst on bonds
Interest on car trusts
$341„526
22,081
,„
16,070
438
$215,677
9145,151
$216,782
$140,828
Balance of rentals paid over rentals received.
.-W.I33
92.625
555
«304,919'
$271,450>
-
THE CHRONICLE
416
[V^OL.
LI.
which sits at Austin. The friends of the company
think that this removal to the U. S. Court virtually ends the
matter.
New Bonds and Stocks Authorized or Offered -The following is a list of new issues of securities now offered for sale, or
soon to be offered
STATES, CITIES. COUNTIES. &c.
FisBLAT City, Ohio.— $50,000 water works extension bonds, interest
not to exceed 5 per cent, payable semi-annually $300 each due
Oct. 1, 1921, and April 1, 1923. Bids must be endorsed "Bids lor
District,
GENERAL INVESTMENT NEWS.
Cliicaso Mllwankee & St. Fnul— Milwankee & Northern.— The purchase of the Milwaukee & Northern Railroad
by the Chicago Milwaukee & St. Paul has been approved by
the stockholders of the last-named company, and possession
The St. Paul will issue about sixty-one
•will be taken Oct. 1.
:
thousand shares in common stock to pay for its purchase, the
terms being one share of St. Paul stock for one sliare of Milwater worlts extension tionde."
waukee & Northern. The company is " taken over" without
$24,000 street improvement 5 per cent bonds due Oct. 1891-2-3-4,
and Oct. 1, 1903-4-5 interest semi-annually $300 each. Bldsmust
debt.
any guarantee of its
be endorsed " Bids for street improvement bonds No. 1."
Louis.— The annual
$41,500 street improvement 5 percent bonds, due Oct. 1. 1891, to
I [Cleveland CiBclnnati Chicago & St.
1897, and Oct. 1, 1905.iiiolusiTe; intcrestsemi-annually $500eacli.
meeting of stockholders in Cincinnati on Oct. 29 will vote on
Bids to be endorsed "Bids for street improvement bonds No. 2."
important propositions, viz. A contract with the Cincinnati
$55,000 street improYcment bonds interest aot to exceed 5 per
contracts;
Springfield Railroad modifying present lease and
cent, payable semi-annually $500 eacU due Oct. 3 1891, to 1900
Inclusive. Bids to be endorsed " Bids for street improvement
a lease or operating contract with and purchase of stock of
bonds No. 3."
stock
of
increase
S500,000
the Col. Springfield & Cinn. RR. and
Tliomas Meehan, Mayor, will receive proposals for the above, at
therefor; a lease or contract with and purchase of stock of
not less tlian par and accrued Interest, until noon Oct. 9.
the Cin. Sandusky & Cleveland RR.,;and an.increase of " Big KEARyGT, Neb.— $65,000 school bonds are to be negotiated.
Four " stock to amount of §3,212,680.
Lowell, Mass.— $1,500,000 water and refunding bonds have been
authorized, to be negotiated this year.
International & fireat Northern.— Mr. Gould has made an
agreement for settlement with the second mortgage bond- New York City.— $296,000 consol. 3 per cent stock (school-house
bonds), registered; due Nov. 1, 1908 interest May 1 and Nov. 1.
holders' committee. Mr. Gould and the M. K. & T. each own
$1,000,000 3 per cent consol. stock for repaying streets, etc.; regisone-half of the I. & G. N. stock, less one thousand shares
tered due Nov. 1, 1910 interest May 1 and Nov. 1.
Sealed proposals will be received until 2 p. si. Sept. 29, by Theo.
held in trust by the Central Trust Co. as the balance of
W. Myers, Comptroller. Proposals to be enclosed in a sealed enand
Eower. The International & Great Northern is in default
velope, endorsed " Consolidated Stock of the City of New York,"
By
as been managed by a receiver for nearly two years.
and each proposal to bo enclosed in a second envelope addressed to
this proposed arrangement the principal of the 1st and 2d
the Comptroller of the city of New York. For full information see
the
City lieconl.
on
interest
The
mortgage bonds is to remain unchanged.
Interest on the 3ds, Wayne, Nee.— $18,000 water works bonds are to be issued.
Ists, about §954,000, to be paid in cash.
KAILEOAD AND MISCELLANEOUS COMPANIES
about 6900,000 and Gould's judgment of about §600,000, to be
paid in new income bonds. To make the necessary cash pay- BANKEits' & Merchants' Life Ixscrance Co.— Stock subscription
books are open at 165 and 107 Broadway and Atlantic Trust Co.
ments, the stock is to assessed, for which assessment 4 per
cent 10-year income bonds will be given. The total amount Boston & Albany.— The stockholders have voted to increase the stock
$5,000,000.
of bonds to be issued will be about $3,600,000. The interest
Milwaukee & St. Paul.- 61.533 shares of common stock are
on the 2ds is to be reduced to 5 per cent, if paid punctually. Chicago
to be issued in payment for the Milwaukee & Northern RR.
The M. K. & T. people have not yet assented to this plan, and Fowler Brothers, Limited.- £601J)00 shares of stock— £300,000
they are essential parties to a general settlement.
7 per cent cumulative preferred; £300,000 ordinary, £1,000
founders.' Subscriptions will be opened at Fourth National Bank
Long fsland. The report for the quarter ending June 30 is
and Fowler Bros.,
:
;
;
;
;
;
:
&
;
;
;
,
;
:
—
as follows:
1889.
1890.
$1,007,026
Gro?8 earnings
Operating expenses
$880,801
558,6.52
616,046
Net earnings
Other Income.^
$322,149
20,176
$390,980
8,580
$342,325
179,994
$399,560
186,216
Total
Interest, rental
and taxes
,
$213,344
$162,331
special meeting
Lonisvllle >ew Albany & Chicago.of the stockholders will be held at the offices of this company.
No. 47 Broadway, New York, on Oct. 29, 1890, to consider and
act upon '"a proposition to extend the lines of this company
and acquire additional property." The stock of this company
will not he transferred at any time during the ten days next
preceding this mreting, nor until three days thereafter.
Balance
A
Louisville St. 1 onis & Texa?.— The capital stock was listed
week on the New York Stock Exchange. In the application to the Exchange, IMr. \V. F. McCracken, the President,
gives the earnings of the road by months since its opening for
through business March 11, 1889. The net earnings for the
twelve months ended August 31 were $171,197, an excess over
interest (8161,400) on the bonds of the first and second mortgages of S9,797. For the past six months the net earnings
vere $87,792. or $9,092 in excess of the interest charges.
The Louisville Hardinsburg & Western Railroad, about 44
miles of main line and branches, is now completed and in
operation. Its coal mines are about ready to make shipments;
its saw mills are beginning to be worked, and from this
branch alone a monthly increase of $10,000 in the gross earnings on the main line is expected. This company has leased
the above-named road, and on October 1 will begin operating
The busiit, paying as rental therefor its net earnings only.
ness on the main line has steadily increased.
Minneapolis St. Paul & Sanlt Ste. Marie.— It is learned on
good authority that about 95 per cent of the Minneapolis Saul
Ste. Marie & At. first mortgage bonds, a like percentage of
the Min. St. P. & Ste. Marie consols and about one-half of the
Minneapolis & Pacific bonds have assented to a reduction of
interest to 4 per cent, in consideration of the Canadian Pacific's
guaranty of interest at this rate. Only the assented bonds
received interest on July 1.
Missouri Kansas & Texas.- The committee expects to deliver the new M. K. & T. securities about October 6. The
securities are now all signed and ready for issue. The new
mortgages are being recorded in the several counties through
which the road runs. These mortgages have to be delivered,
properly recorded, to the Central Trust Company and the
Mercantile Ti-ust Company, with certain satisfactory pieces of
old mortgages, before the bonds can be issued. The Union
Trust Company are in possession of the old 7 per cent bonds,
and their examination U about completed. We understand
that there is no legal difficulty in the way of issuing the securities, but only matters of detail, which the committee hope
will not delay the delivery at cnost beyond a day or two after
the time above named.
The suit recently brought by Attorney-General Hogg, of
Texas, against the Missouri Kansas & Texas Railway has been
removed to the United States Circuit Court for the Western
this
;
and Corn Exchange Bank, J. J. Stuart A: Co.
N.Y., and Union National Bank, &c.,Chicago,and will close Sept. 30.
Montgomery, Ala.. Terminal & Street Biilw ay.— First mortgage
68, gold bonds, due Sept. 1, 1920. coupons, M. & S. (total issue,
$200,000), are offered by John A. Hambleton & Co., Baltimore.
Sioux City & Northern.— $1,920,000 5 per cent bonds have beensold
to a syndicate, and are soon to be offered for sale.
Western Tobacco Warehouse Co.— This consolidated company (of
Louisville and Cincinnati) is to issue $1,000,000 6 per cent bonds,
$2,000,000 preferred 8 per cent and $2,000,000 common stock.
New York Stock Exchangre— New Secnrlties Listed.—The
Governing Committee of the New York Stock Exchange
have added to the lists for dealings the following:
Bondholders' Committee for the Settlement of the debt of
Virginia.— Engraved trust receipts of deposit for consol. coupon bearer
bonds and ten-forty coupon bearer bonds.
Columbus & Hocking Coal & Iron Company.- $100,000 additional preferred stock, making the total amount listed $350,000.
Louisville St. Louis & Texas Railway.— $2,440,000 common
capital stock.
LouisviLLK New Albany &. Chicago Railway.- $1,140,000 genmortgage lifty-year 5 per cent gold bonds.
eral
& Nurthern Railroad.—$1, ''07,000 additional first
consolidated mortgage bonds of 1913. making the total amount listed
$4,003,000.
Shenandoah Valley Railroad.— Enstraved trust receipts for first
mortgage 7 per cent bonds and general mortgage 6 per cent bonds.
Milwai-kke
RiTer.— The Ravenswood Spencer & Glenville Rail
construction from Ravenswood, in Jackson
Countv, to Spencer, in Roane County, a distance of about 33
miles." Four hundred thousand dollars (§400.000) in coupon
bonds are now being prepared, payable twenty years from
date and bearing interest at the rate of 6 per cent per annum,
for the purpose of providing the means of completing, improving and operating this line of railway. The Ohio River
Railroad Company guarantee the payment of said bonds,
principal and interest. At the present time, it is not expected
OIlio
way
is
now under
that the Ohio River Railroad Company will lease this line of
railway, but it will be operated as a feeder to the Ohio River
Railroad.
St.
Louis Iron Mountain
&
& Southern.—Notice
is
published
Fulton first mortgage bonds mathat the holders of Cairo
turing Jan. 1. 1891, can exchange them for the 5 percent, consolidated railway and land grant gold bonds of this company
running 40 years. Parties exchanging before Nov. 1,_ 1890,
will receive these bonds and a cash payment also of §50 per
bond. Full particulars are given in the advertisement.
Sonth Carolina.- The coupons of the first consolidated
mortgage bonds of the South Carolina Railway Company,
which matured Oct. 1, 1889. will be paid by the Central
Trust Company of New York on and after the fii-st of October
and until the loth.
Virginia Debt.-The bondholders' committee of the Virginia Debt Settlement are continuing to receive securities
without penalty. The deposits under the agreement of May
12 1890, with the several depositories, as reported by the
Central Trust Co. to the New York Stock Exchange, are: 1st
" pealers," coupons, &c., §1.011.335; 2d
class, "old bonds,"
" ten forties," §4,408,class "consols," $10,829,500: 3d class,
9C0; 4th class, tax receivable coupons, §3,2.59,422 50; in all
nearly §20.000.000. The committee are formulating a plan or
proposition of adjustment, which will at an early date be submitted.
For other Railroad New* (ee Page* 403 and
4-i3.
.
stPTKiiBta
THE CHRONICLE.
3T, 1S90.]
l^cpotts
auil
417^
flacttmcttts.
CENTRAL RAILROAD COMPANY.
ILLINOIS
REPORT OF THE DIRECTORS TO THE STOCKHOLDERS FOR THE YE IR EVD3D JVXB
In the Report for the half-year ending June 80, 1889,
begin ou July 1, and end on June 30.
was announced that the
it
fiscal
year of this
afttn-
jlio
In
33,
lg31
Compwy'
would
»"«-rB
"""• there"
*^
sum received by tills Company aurliig the year cndcrl Juno 30, 1800, from 2,275 ralleii of railway, ha« been
same period the Dubuque & Sioux City Railroad Company received from lt« railway, 524 miles
((il,000,'92i 17
'."
(.'ro«8
llii>
And from
oiK-ratlufr the
Cedar Falls
& Minnesota
Railroad, 7G
uilleit
'
4i9 OOS »0
(|1 1
'
'
ei(y02 3S
2,004,016 53
Total receipts from 2,875 miles of Railway
Durlug the year ended June 30, 1889, the gross
sum received from 2,714
miles of railway, was
$1C 452 022~3a
14!o55!oi7 IS
.'...'.'.....'.
Increase (109 per cent.)
tl.7«e 405 ]•
Exclusive of the earnings of the railways operated by and for the account of the Dubuque * Sioux City Railroad
Company, of the results of which a statement will be found below, the net earnings of the Railroad of the Illinois Central Railroad Company, 2,275 miles, for the past year, were
For the preceding year
The available sum from all sources has been
Surplus Dividend Fund, as declared in last report
Interest on Bonds In that Fund
a^
ggeooi
3<l
w',83l'l40»*
:
$202.220 97
8.160 00
'
$210,38007
M
"^raf^c
4,882,»0I
.30.018^4
La"<l8
New York Office
From
Interest on
723 025 73
$5,846,332 90
this sum there has been paid
Funded Debt and Bonds drawn under the Sinking Fund
:
$1,514,925 00
1,506,955 48
213.415 09
Rent Chicago St. Louis & New Orleans Railroad
Permanent Improvements
3.235,295 57
Lelvlng
Out of which there have been taken the dividends payable March
1
and Sept.
There has been carried forward to Surplus Dividend Fund (invested In
of 1932), and set apart as applicable to future dividends
1,
Illinois
$2,611.037 35
2,400,000 OO
1800, 6 per cent on $40,000,000..
Central Four Per Cent Gold Bonds
$211,037 35
That the large increase in gross revenue has not been followed by an equal increase in net earnings is due
First.
To tlie increase of standards referred to below, which entailed an expenditure for maintenance of way and structures of $3,110,777, being an increase of §651,870 over the amount spent for that purpose during the previous twelve months.
large
A
portion of this was due to the laying ia the track of 24,000 tons of steel rails, of which 20,000 tons were of the new
standard of 75 lbs. to the yard. The average amount of steel rails charged to Maintenance of Way daring each of the last 10
years has been 7,988 tons.
Second. On the 12th of April, 1890. the track near New Orleans was submerged for a distance of nearly 20 miles by the
unprecedented floods of the Mississippi River. The rails remained under water until June 23. During ttie overflow passenger
and freight trains were dispatched over other railways via Meridian. Miss., to Jackson, Miss., a local service being at the same
tinae maintained on that portion of the road south of Jackson which was not affected.
Apart from the loss of business and
claims_for damages by reason of detention, there was paid to other railways for transportation of freight and passengers
:
$143,856 60.
Third. During the month of June some of the men employed in and near Chicago quit work, demanding the peremptory
discharge of one of the superior oflScers in the Operative Department, against whom tliey at first declined to formulate any
charges. After a day or two of patient endeavor, the men were brought to submit charges and specifications, wliicli wer^
thoroughly and impartially examined. The charges not having been sustained, the men were so informed, and they at once
went back to work, after five days of pretty general suspension of traffic upon the lines in Illinois. This strike came at a moet
inopportune time, just in the height of traffic in fruits and other perishable merchandise.
The completion of the Chicago Madison Northern Railroad has been delayed by protracted negotiations concerning railway crossings, and by other causes, to an extent which covdd not have been foreseen. Notwithstanding the loss of interest
upon the uncompleted and vmused portion and the payment to another Railway of $66,988 85 for the temporary use of a few
miles of its track, the expectation held forth in the last Report, that the Chicago Madison
Northern Railroad would retura
four per cent upon its cost, has been more tlian realized, the actual return being over 4% per cent net.
The relations of the people of Iowa to the Railways in that State are more friendly than at the date of the last Report, and
while the receipts of the Dubuque & Sioux City Railroad Company have not justified the payment of a dividend on its shares,
they have increased materially.
The expenses incurred by the Dubuque
Sioux City Railroad Company in operating the Cedar Falls
Minnesota Railroad
exceeded tiie earnings of the latter by §75,800 43, which, added to the §113,370 paid into Court to abide the issue of the suit
brought Ijy the Dubuque
Sioux City Railroad Company in 1887, to annul the lease of the Cedar Falls
Minnesota Railroad
on the ground of fraud, made the deficit by the operation of that Railroad §189,170 43.
DUBUQUE & SIOUX CITY RAILROAD CO.
RESULTS FOB THE YEAR ENDED JUNE 30, 1890.
Receipts from Oi)eration of Dubuque <& Sioux City RR. (524 miles)
$1,009,924 17
Expenses of Operation, including Taxes
1.433.397 54
&
&
&
&
&
&
Earnings from Operation
Other income
$476.526 63
398 88
$176,925 46
Interest on Debt;
Dubuque
& Sioux '*City RR. Co.
*'
7i(
*'
5%
Bonds
$11,020 00
59 475 00
„
•'
Iowa
Falls & Sioux City RR. Co.
" .\\^'!!!!;!!!!'.!.';"!!!!!."!!!!'.!!!VV.V.V.V/.V.V/.'.V.V.V.V.V.'/n96Vd6oo6
7%
Less interest on $460,500 of these Ijonds owned by the Dubuque & Sioux City RR. Co
32.235 00 163,765 00
Cherokee & Dakota RR. Co.
155.00000
StBonds
Cedar Rapids & Chicago RR. Co.
'.'/
"
41.50000
6«
Interest on Xotes given for overdue 7i
"
14,568 90
.
Annual Appropriation to the Sinking Fund for the gradual reduction to par of tile cost of the above $460,500 Iowa
Falls i Sioux City KR. Co. Bonds
9.210 00
r
Deficit
,
484,538 90
$7,613 44
CEDAR FALLS & MINNESOTA RAILROAD.
$94,092 35
169,892 78
Receipts from Operation of Cedar Falls & Minnesota Railroad (76 miles)
Expenses of Qperation, including Taxes
Deficit
' '
'
' '
...".....'.......'
..".'.'.'."...
Rent paid into Court
V .".*.'.'.'.' .'..'....".."
Lesson Cedar Falls <fc Minnesota Railroad in case the $113,370 paid into Court be not received back by the Dubuque
* Sioux City RR. Co
.'
'.
.'
'
Total deficit In case the $113,370 paid Into Court be not received back by the
Dubuque
& Sioux City RR.
Co
$7.5,80043
1 13,370 00
f 189.17048
$196,788 87
THE CHRONICLE.
418
[Vol. LI.
The case against the Cedar Falls & Minnesota Railroad Company has been heard by the Circuit Court of the United States,
no decision has, as yet, been handed down. The sum thus far paid into Court amounts, without interest, to §319,818 38.
For advances heretofore made by the Illinois Central Railroad Company to the Dubuque & Sioux City Railroad Company
there have been received during the past year $311,000 of the 5 per cent bonds of that Company, being part of an issue of not
exceeding $3,000,000, secured by a mortgage on the original 148 miles of that Railroad. The mortgage provides for the redemption of all the outstanding 7 per cent bonds of that company at their maturity July 1, 1894, after which date the 5 per cent
bonds wiU be the first hen upon the Railroad. Of these, $1,895,000 have been issued and are now in the treasury of the Illinois
Central Railroad Company, and the interest on them is earned and paid regularly.
The income derived from your investment south of the Ohio River continues satisfactory; especially is this the case on the
Mernphis Division, which earned largely in excess of the interest.
During the year there have been sold Illinois Central 4 per cent Gold Bonds of 1953 to the amount of §1,734,000. Of these
Bonds there remain unsold §3,355,000, of which there have been set apart for Surplus Dividend Fund §311,000, and to the In-
'Ijut
Burance
Fund
§109,000.
across the Ohio River at Cairo was opened for traffic on October 29, 1889, all the masonry, and the steel bridge
in length, being then completed. The wooden trestles, forming the approaches to the bridge, aggregating a further
length of two miles, are being filled with earth so as to form permanent embankments.
The expenditures on the Illinois approach to the bridge, and the advances to the Chicago St. Louis
New Orleans Railroad Company during the past year, including interest, together amount to §569,819 96, bringing the cost of the bridge and
approaches up to §3,953,386 31 on June 30, 1890.
The bridge
two miles
&
The bridge and the approach on the Kentucky shore have been mortgaged by the Chicago St. Louis & New Orleans
Company to secure not exceeding §3,000,000 of 5 per cent Gold Bonds of that Company a contingent fund for the
repair of the bridge in case of accident and a sinking fund for the redemption of the bonds being provided in the mortgage.
Of these bonds $3,594,000 have been issued, all of which are in the treasury of the Illinois Central Railroad Company. The
property has been leased from July 1, 1890, for §180,000 per annum, to the Illinois Central Railroad Company. The heavy
traffic passing over the bridge shows that the lease will be a source of profit to the lessee.
As shown in greater detail in the accompanying tables, the outlay on capital account has been as follows
—
Railroad
:
Illinois Central
Railroad
$1,434,289 71
5,067 56
1,195 40
South Chicago Eailroad.....
Bantoul Eallroad
Chicago Havana & Western EaUroad
Chicago Madison & Northern Eailroad
Canton Aberdeen & Nashville Eailroad
Yazoo & Mississippi Valley Eallroad
Chicago St. Louis & New Orleans Eailroad
177 00
,
5 81,089 4 6
638 93
2,449 39
7,530 96
$2,032,438 41
The growth
of the country served by your Railway, in population and in wealth, and especially of the City of Chicago,
has been phenomenal, and will be further stimulated by the World's Fair to be held in 1893. As the country is developed,
better service and accommodations are required. In order to meet these demands the speed of trains has been increased,
several new passenger trains have been put on, and a contract entered into with the Postmaster-General for a special Fast
Mail train, to be run in about six hours less than formerly, between Chicago and New Orleans.
To render the service required by modern conditions it became necessary to improve the former standards, and in the
past year the maximum weight of locomotives has been increased from 49 tons to 61 tons the weight of the rail from 60
Eounds to 75 pounds per yard the capacity of freight cars from 30 to 30 tons and an increased amount of ballast and a
irger number of ties have been placed under the rails.
In addition to this, better facilities have been provided in passing
tracks, and the double track has been extended. Large additions to the motive power and rolling stock have been made, and
yet, with all these improvements, your Directors are confronted with the fact that the traffic offered is in excess of the capacity
of the agencies now at their disposal they have therefore recommended to the stockholders that the capital be increased from
§40,000,000 to §45,000,000, each stockholder of record on September 2D, 1889, to have the privilege of subscribing, on or before
November 1, at par, for one share in respect to every eight shares registered in his name.
Should this proixsition be approved, the funds so obtained will be used in building Passenger Stations and in enlarging and
le-arranging the Yards at Chicago, New Orleans, Memphis and other points in extending the second track in expediting the
ballasting in the reduction of grades in the purchase of additional equipment in raising the track near New Orleans in
short, in the general betterment of the property, with a view to putting it in such condition as to render a maximum of service
at a minimum of cost. Your Directors feel satisfied that competition among Western Railways, which has heretofore been
almost entirely on the line of a reduction of rates, is coming to be, as in Great Britain and the Eastern States, one of adequacy
and frequency of service, and that in such a struggle success lies in furnishing the best service.
Apart from these considerations of policy, it should be borne in mind that during the past year the Company was obliged
to pay several thousand dollars for the rent of locomotives borrowed from another railway, and that, as mileage for the use of
freight cars of other companies upon your railway there was paid §137,771 92 in excess of the sum received from other companies for their use of lUmois Central cars. It is estimated that the rates of mileage are equivalent to an interest of about 10
per cent upjn the cost of freight cars. With a supply of cars sufficient to allow them to be used freely on other railroads, a
suni far in exces? of 10 per cent upon their cost wovild have been received in traffic over your railway in consequence of the
business brought from foreign roads in such cars.
Youj Railway traverses the entire coal field in Illinois, while the Dubuque
Sioux City Railroad touches the most northerly outcrop of coal in Iowa. During the past two or three years much attention has been given to developing this traffic,
especially to the Northwest, which is destitute of coal, and is settling so rapidly, with the result that the coal tonnage increased
during the past year from 1,301,554 tons to 1,545,479 tons, which is more than double the tonnage carried in 1884.
The attention of the stockholders is called to the accompanying Balance Sheet and Abstracts, and to the Reports of the
;
;
;
;
;
;
;
;
;
;
&
General Manager, the Traffic Manager, and the Land Commissioner.
It win be noticed that some changes have been made in the form of the Balance Sheet and accompanying tables, most of
which are made necessary in order to comply with the forms adopted by the United States Inter-State Commerce Commission.
By
order of the Board of Directors,
ALEXANDER
New
York, September
G.
HACKSTAFF
17, 1890.
Secretary.
GENEEA.L BALANCE SHEET.
Aestkact.
AB
AB
B
B
B
B
AB
B
B
,B
E
F
Northern
I
Lines.
Cost of Boad and Equipment, Illinois Central RE
"
Chicago & .Springfield BE
"
Kankakee c& Soutliwestern BE
"
South Chicago BE
"
Chicago Havana & Western BE
"
Bantoul BE
"
Chicago Madison & Northern BE
,
$36,544,893
1,600.000
1,43J,858
230,131
1,801,199
573,279
9,639,293
92
00
93
24
58
89
85
$28,000,000
3,257.530
1.901,592
2,313,913
2,594,000
00
96
$51,821,662 41
Southern Lines.
Cost of Boad and Equipment, Chicago St. Louis & New. Orleans BE
"
Chicago St. Louis & New Orleans BE. Memphis Division
"
Canton Aberdeen & NashvUle BE
"
Yazoo & Mississippi Valley BE
Cairo Bridge and Kentucky Approach
.
51
56
00
iMaterial and Supplies
Stocks owned
Bonds owned
Assets in Surplus Dividend Fund.
Assets in Insurance Fund
38,067,037 08
.
$7,553,051 03
11,333,637 50
$211.037 35
109,1)78 46
1,023,326 10
18,886,688 53
320,115 81
$110.118.829!
—
September
,
THE CHRONICLE.
27, 1890.]
419
GENERAL BALANCE SnBET— (CONCLUDED
)
ABSTRACT.
Capital Stock of Illinois CcntTBl
Funded debt
of [IMiioIk
percent
percent
per cent
per cent
percent
per cent
per cent
<
Vutriil
RR. Co
RR. Co.—
$40,000,000 00
Htirlliiif linndH of 1m»5. «500,000
Sprliik'llfhl DhlKlon Boiiili* of 1898
$2..%0O,0O0 00
I,«O0,<)O<)fK)
stuklni: Fiiml Ifonil" of 1903. £750,000
Bt.rllntf li.nidsof 1993. i^W.OOO
3,750,000 00
1,000,000 00
968,000 00
1,500,000 00
15,000,000 00
2,499,000 00
5,266,000 00
.
,
MiildU- Division Bonds of 1921
Kirxt Mortnatfe Gold Bouda of 1951
<told 1)4muIs of 1952
MortttiiKC (told Honda of 1951
I'Irst
per
cent
S^t
3>« I>«T ce»t Sterling Bonds of 1950, £1,053,200
W4,O83,0OO 6o"
1,000 00
••*•••
Past due bonds
Leased Line Stock of Illinois Central RB. Co
Funded Debt of Chicaeo t*t. Loiils & New Orleans RR. Co—
$15,060,000 00
5 per cent Cold Bonds of 1951
Less owned bv Illinois Central RR. Company and pledged to
secure* 1,053,200 3 "a per cent Sterling Bonds of 1050,
6,266,000 00
sbown above
1,4'?0,000
1,374,000
80,000
3,250,000
2,594,000
Bonds of 1907
4 per cent Gold Bonds of 1951, Memphis Division.
5 per cent Bridge Bonds of 1950
6 percent
00
00
00
00
00
$18,572,000 00
6,000 00
18,578,000 00
Net LlahlUtles
Profit
Set
28,578.000 00
1,442,747
Loss
.-lud
ai><'»rt
$74,084,000 00
9,794,000 00
3 per cent Bonds of 1890
7 per cent Bonds ofls97
Past due Bonds..
34.084,000 00
$10,000,000 00
,
to provide for
Dirtdend payable September
1^3
4.493.!>«« 24
1,200,000
1
Surplus Dividend Fund
Insurance Fund
211,037 35
109,078 46
OO
320,115 81
$110,118,829 88
ABSTRACT
'A."—COST
OF ROAD AND EQUIPMENT.
Cost of Road and Equipment. Illiaois Central RR. as shown in General Balance Sheet.
Amount written off in 1877
,
$2,816,675 40
1,000,000 00
1878
$36,544,898 92
3,816,675 40
$40,361,574 32:
Permanent Improvements Paid for from Income
In 1877 and 1878.,
1879
1880
1881
1882
1883
1S84
1885
1886
1887
1888
Six months to June 30, 1889.".'.'.'."....'. ..!
Year ended June 30,1890
Total cost of IlUnols Central RR. and
Equipment
$64,201
361,057
784,274
891,966
:,228,8H0 14
435.994
126,020
327,987
570,183
462,097
183,857
76,656
158,142
to
Jane
30,
to Beceral Balance Sheet.
1879
1880
1681
1882
1883
1884
1885
1886
1887
1888
;
49
26
96
42,.591
49
74
25.437
ie,670
16,228
6,956
7,892
3,538
RR
and Equipment
to
June
30,
1890
Total cost of Chicago .St. Louis &
phis Division and Cairo Bridge
to
85
June
286,191 56
$1,886,191 56
..,.„.,
New Orlean? RR. and Equipment
59
.
Cost of road and equipment. Chicago St. Louis & New Orleans RR., as shown in General Balance Sheet.
Permanent Improvements paid for from Income—
In 1883
V1-. •>-,-.-'
1884
1885
1886
1887
1888
Six months to Jane 30, 1889
Year ended June 30, 1890
41
26
93
40
493 43
1,830 75
1889'.'.".".".'.'.'.'.'.'.'.'.'.".'.'.'.".'..'.!'.'.".'.'.'.'.'.".''.'.".".".'.'.'.!.'.'.'.'.'.'.'.'.'.'.'. ".'.!!.'
Springflel J
5,671 ,310 86
$1,600,00000
$48,130
24,958
58,048
33,413
Year ended June 30,1890
&
19
59
$46,032,885 18
In 1878
Total cost of Chicago
53
24
03
67
52
66
1890
Cost of Road and Equipment. ChicaKO & Springfield RR., as shown
Permanent Improvements paid for from Income—
Six months to June 30,
85
89
60
95
30, 1890, exclusive of
$28,000,000 00
$171,097
77,232
204.633
38.786
113,386
33,383
23,260
53,441
39
03
39
18
75
04
96
75
715,243 49
Mem$28,715,243 49
ABSTRACT
"
B."— PERMANENT
IMPROVEMENTS CHARGED TO CAPITAL.
'
Illinois
Central Railroad—
$41,271 91
Approach
Mounds.
"
**
to Cairo Bridge,
'*
'•
^^^"
$285,25146
65,393 28
350.644 74
43,184 78
23,314 53
2,465 31
58,591 85
150,106 12
15.388 81
29.534 79
18.389 13
928 30
243,120 00
190,210 89
231,436 00
13,117 40
11.631 73
....
f^ldlnsT^
BiiiUliups
W
ft
ter
Works
6 New Passenirer
18 "
Freleht
5
4
DUnois Shore, 5^^P^."'*'"**°ti'S%^^'
Kniriiies
'
Passenirer Cars
•*
Postal
457 Box Cars
450 Coal Cars
2 Steam Shovels
BoTTTH Chicago
Railroad—
.
.
.•...•••...
•••
10,933 40
$1,434,J89 71
3,092 72
82 78
1,892
00
B,0«Ta«
,
.
.
1
THE CHBONICLK
420
ABSTRACT
"
[Vol. LI.
B"— (Concluded.)
Carried forward
Baktoul Railroad—
Right of
$1,195 40
Way
CaiCAGO Havana & Westekn Bailboad—
$100 00
77 00
Station (Grounds
Right ol
Way
177 00
Chicago Madison & Northern Railroai*—
On account of cost of Independent Entrance
Canton Aberdeen & Nashville Railroad—
-••"
Buildings
Eight of
581,089 46
into Chicago.
Way
Water Works
.•.•"...
117 55
•"
2ulO0
-"-"
143 15
177 23
••'
New Sidings
Yazoo & Mississippi Valley Eailroad- -I
638 93
117 57
100 00
143 15
2,088 67
Buildings
Station Grounds
Water Worlis
New Sidings
Chicago
Louis
St.
2,449 39
& New Orleans Railroad—
Right of Way (Memphis Divi.-*ion)
Old claim against the M. & T. RR. Co. settled for.
Grand
2.000 00
5,530 96
,
Total.
-PERMANENT IMPROVE-WENTS PAID FOR FROM INCOME.
ABSTRACT
Illinois Central
Co>"STRr(TI<>N—
$8,,966
24,,383
11,,989
Euililings
Ballasting
Fencing
Right of Way...:
New
Dimsum.
Southern
Lines
$919 61
6,760 51
Sprinff^cld
Proper.
Stat ion
7,530 96
$2,032,438 41
39
45
56
302 00
450 00
Grounds
Water Works
Widening Bi^ondway.
Filling at Weldon
$16,646 51
24,383 45
11,989 56
1.178 52
22,870 00
91,347 47
1,739 80
7,913 81
1,703 01
187 25
33,455 71
!-76 52
22.420 00
21,644 92
1,739 80
91114
68 ,791 41
Sidings
Total.
,913 81
,703 01
at Car Works..
Sixteenth Street P.er.
33,
187 25
455 71
$158,142 59
Total.
$1,830 75
J
$213,415 09
$53,441 75
Illinois Central Proper,
iiprlnglield Division
$158,142 59
1,830 75
Total Northern Lines.
Southern Lines
$159,973 34
53,441 75
Total
-
Charged to Income.
(See Abstract "H.")
$213,415 09
.
ABSTRACT
" F."— STOCKS
OWNED.
Par Value.
$1,400
11,000
10,200
25,000
25,000
7,882,800
34,400
1,000,000
7,500
82,500
300,000
5,000
RR. Co
Xeascd Line Stock I C. RR. Co
€. St. L. &. N. O. RP. Co
Chicago &8pringileld KB. Co
Mound aty RR. Co
Dubuque & Sioux City RR. Co
Iowa Falls Sioux City RR. Co
Dunleith & Dubuque Bridge Co
Hope Oil Mill Compress and Manufacturing Co.
Iowa Land & Loan Co
Mississippi Valley Co
Holly Spiiugs Compress and Manufacturing Co
M ississippi & Tennessee RR. Co
Illinois Centr.ll
>fc
ABSTRACT
"
F."—BONDS
Value.
$1,400 00
11,000 00
00
00
00
00
00
00
00
00
00
00
00
18,825 00
00
00
00
83
00
20
00
82,!500 00
47,000 00
5,000 00
39,995 00
6 00
$9,443,625 00
$7,553,051 03
40,00'J
Miscellaneous
.Boo7.-
10,'JOO
25,000
3,000
5,931,009
17,200
1,373,990
5,750
00
00
OWNED.
Par Value.
Illinois Central RR. Sterling Sinking Fund Bonds...
Illinois Central 4 percent. Gold Bonds of 1952
Chicago St. Louis & New Orleans RR. Co. 58 of 1951
Chicago St. Louis & New Oncans RR. Co. 5 per cent Bridge Bonds
If. O. J. & frt. N. Second Mortgage Bond.^ of 1890
Mississippi Central 2nd Mortgage Bonds (past duel
Dubuque & Sioux City RR. Co. Ss of 1938
Elver View Hotel Co. Bonds
,
Bonds Pledged.—
Cherokee & Dakota BE. Co. 5s
Cedar Rapids & Chicago RB.C).5s
$3,100,000
830.000
Book
00
00
00
00
00
600 00
1,295,000 00
10,000 00
7,403,600 00
Valtie.
00
00
00
00
50
600 00
1,295,000 00
10,000 00
7,403,637 50
$7,000
2,935,000
560,000
2,594,000
2,000
$7,000
2,935,000
560,000
2,594,000
2,037
3,930,000 CO
$11,333,600 00
3,930.000 00
$11,333,637 50
ABSTRACT "H."—See Next Page.
ABSTRACT "L."— NEW YORK OFFICE.
Or.
Dr.
'$15,122 06
Interest on money loaned
Interest on C. St. L. & N. O. RR. Co.'s notes. il30,187 36
Interest paid on bills payable
Discouut pu bonds sold
.
.1
$63,63159
28,498 75
$145,309 42
Interest on Bond.?—
I
3-10
Central 5 p. c. sinking fund bonds.
4 p. c. gold bdiuls of 1952.1178,173
C. St. L. A: N. O. RK. 5 p. c. Rul:; bonds .... 291,300
Dubuque & .Siou.K City RR. 5 p. c. bonds ..I 59,475
Illinois
Dii.
91
56
00
00
Expense Accounts—
$44,437 97,
31,049 44
Salaries
529,283 47
Expense
Bends of
75,487 41
suh.'iidiary lines pledged to secure'
.+15,000,(10(1 of IllinoisCeutriiUp.c. gold'
bonds of 1952— 1 1 (i,3rO,0OJ o p. c. bonds 817 ,500 001
South Chicago RR. Co. 5 p. c. bonds
Interest on (aiitou Aberdeen & Nashville
RE. Co. note giveu for bonds canceled ..
Dividends on Sii\re.s—
DUDleith
& Dubuque
|
500 00
840,000 00
fcuudrics
lines written'ofl
810,000 00
173,370 32
>
5,01000
3,000 00
Balance, representing net receipts of New
York oftice during the year ended June
Profit—
;StevUug exchange
Fixed charges of subsidiary
i
Bridge Co. stock
lowii Land <t Lo»n Co. stock
Mississippi Valley Co, stock
10 ,000 00
12,
'
'
30,
13,
20.
730,013 47
1890
723,025 72
$1,730.643
47
8
..
Skitember
THE CHRONICLE.
?7, 1S90.]
ABSTRACT
'•
421
H."-APPLtCATtON OF INCOME.
Burplufi (llTlilpnd fund Jmip 30, 1880, lumhownln Innt raport
8lx iiKiiithR' IntcreHt on $'J(>'.>,000 Illinois Centr*! -Is of 1U52 In that fund. Oot 1, 1889 ...
81x moutbit' Interest on 92UU.OOO UIIuoIh Central 4s of 1US2 In tbat fund, April 1, 1890
•303,220 97
4,040 00
4,120 00 iP310.3M»r
.
Net receipts diirtnK the year ondod Juno 30, 1890—
From
From
From
K
"
the oiwriitlun of tlie riillway, iia »hown In Alistrnct "
tile Liuul l)r|>nitnieiit. hh !<lio\vn In Land CouinilHHloner's Report..
the
Interest on
Kew York
ullico, iu<
shown
Abslruvi
iu
39
so.om M4
723,02a 72.3,63«.»4A 91V
4,88'.'.901
,
"L"
bonds-
October 1, 1889, and April 1, 1890, on 6 per cent Sterling bonds
January 1 and July 1. ISSiO, on per cent Sprlnirfluld Division bonds
October 1, 1880, iiml April 1, 1890, on 5 per cent Hterlliiu wlnkluK fund bonds.
December 1, 1880, and Juno 1, ISIK). on 5 percent Stcrllnu bonds
Auinist 1, 18X9, and February I, IXitO, on per cent Middle Division Imnds
January I and julv 1, 1890, on 1 per cent first niortKaue liouds.
October 1, 1-89, aiid April 1, 1890, on 4 per cent (told bond* of 1952
January 1 and July 1, 1890, on 3^ per cent first mortsage bonds
January 1 and July 1, 1890, on 3^ per cent Sterling bonds
96,00000
188,75000
00,00000
48,400 00
60,000 00
600,000 00
87,405 00
184,310 00 1,464.020 00
,
*>
.
.
,
Qllnois Central 5 per cent Sterling sinking fund bonds of 1003
drawn
tor
payment
00,00000
A
N. O. RR.—
October 1, 1889, and April 1, 1890, Interest on 8 jicr cent N. O. J. A Gt. N. second mortgnKe bonds.
Kovembcr 1, 1889, and May 1, 1890, Interest on 7 per cent C. St. L. & N. O. first niorf«aKe bonds.
December 1, 1880, and Juno 1, 1890, interest on 6 per cent 0. Ht. L. & N. O. second inortKagc bonds..
31IHi December 15, 1889. and June ID, 1800, Interest on 5 percent C. St. L. & N. O. gold bonds
December 1, 1889, and June 1, 1890, Interest on 4 p. c. C. 8t. L. & N. O. Momp. DlT. first mort, bonds
January 1 and July 1, 1890, Interest i) 4pcr cent on Leased Line stock
Sterling exchange premiums
'...
Salaries of trustees and others
7.^3.000
Permanent Improvements—
In Illinois, as shown in Abstract "C"
On Southern lines, as shown in Abstract "C"
159,973 34
Bent
of C. St. L.
0,846,332 02
$150,000 00
,
118,400 00
96,180 00
4,800 00
00
130,000 00
400,000 00
1,735 38
2,840 10 1,600,955 48
53,41175
Diridend, Marah, 1890, on Illinois Central shares
Dividend, September, 1890, on Illinois Central shares
213,415 09
Il,200,000 00
11,200,00000 2,400,000 00 5,635,205 57
nrplus dividend fund applicable to future dividends, and Invested In $211,000 niinois Central 48 of
1952, and $37 35 cash
#211,037 35
,
AKD
ABSTRACT " K.--RECEIPT8 FROM
EXPENSES OF OPERATING THE ILLINOIS CENTRAL RAILROAD.
(Including Leased Lines and Branches, but Excluding the Lines west of the Mississippi River, oi>crated by the Dubuque A Sioux City RR, Co.
Tear Ending June 30.
P«r Cent,
Percent,
1890.
1889.
Receipts from OrKRATioN—
Freight
Passenger
Mail
Express
Extra Baggage
,
,
Transportation of Milk
Train Privileges
Sleeping Cars
Rent of Property
Rent of Tracks
Telegraph Receipts
,
69-25
•1009
$10,004,,754 11
2,7.57,,624
•02-29
-02-08
•00-31
•00-22
•00:09
•00-28
330,,569
301,,092
44,,188
31,,734
12,,758
40,,620
146, 091
216,,961
•0101
•01-50
•0005
•0004
Demurrage
Storage, Dockage and Cairo Wharf Boat
11
38
7, 507
6,,196
3,,126
13
00
05
82,,774 42
10,,935 27
•00^02
•00 57
•00-03
-00-20
-02-92
28,,956 40
422,,115 16
10000
$14,448,005 80
Switching
Compressing Cotton
Railroad Hotel and Eating Houses
Inter-State Transfer, Cairo Bridge Tolls, and Earnings over other Lines
'.
.-
Total
88
65
48
66
30
50
30
•679»
•1973
$8,703,690
2,525,805
300,611
280,562
20,574
44
72
84
85
84
9,522
48,575
139,848
211.038
7,567
5.102
4,177
95,894
7,724
22,556
418.440
00
•OOW
84
62
18
15
•00-38
•01-09
•01-65
•00-06
00
47
•0004
•0003
•00^6
•oooe
•02^35
•0219
•00^1»
57
29
85
07
•00^18
•0327
10000
$12,801,712 73
Per Cent of
Earn
EXPESSES OF Operation—
Maintenance of Way and Structures.
Maintenance of Equipment
Passenger Train Expenses
Freight Train Expenses
Station Expcutjes
Telegraph Expenses
Claims and Damages
Track SerTlce and Switching
Mileage of Cars (Net)
Stationery and Printing
Outside Agencies
$2,110,,776
1,271 ,249
69i:,333
1,844:,608
1,341 ,722
186,,603
147,,033
125,,150
168,,476
-0102
•0020
•00^90
I.'IO,,282
•01
170, 714 19
56 ,094 68
74 ,042 56
18
•00'39
.
00-51
Operating St. Charles Air Line
Operating Mound City Railway
Operating Belt Line, Memj^is
Railroad Hotel and Eating Houses
Compressing Cotton
Grain Elevator Expenses
Expense account Southern Flood
Bent of Locomotives Borrowed
General Expenses
$1,458, 907
1,100, 944
663, 189
1,556, 916
1,189, 933
174, 971
159, 332
101, •257
162, ,088
32, 330
100 ,097
23 491
132, 336
ei
160, ,043
79 477
70; 836
47, 037
43
8,,364 38
2 ,190 89
•00-38
•00-06
•00^01
In.suranoe
64
37
98
12
36
47
30
93
89
111 ,11187
112 ,207 73
29,,563 45
-00-86
-01-16
-00-77
-00-78
Adverti.sing
Salaries of OIHcers
Salaries of Clerks
54,,774
•0003
2,,810
•00-18
26,,326
6, 039
1, 784
12
•1140
46
58
94
37
•0518
•1218
17
61
-01-24
ai>
-tMj-79
98
31
93
52
-01-27
-00-41
-00-7«
•09-3O
01-37
0018
01 08
•01-26
•00-63
•.-WSft
•0037
•0005
•00-01
12
00-07
•61-06
-00-04
•00^21
143,856 60
5.980 00
30,470 62
•61^29
•04^91
$8,855,772 60
709,331 81
$7,321,833 11
648,739 38
Espenaes of Operation, including Taxes
•66^20
9,565,104 41
$7,970,372 49
Net Receipts from Operation
•33^80
$4,882,90139
$4,831.140 24
Total
•08^67
70
27
24
80
99
84
73
30
9,,614 91
Taxes
a. of
EartCgt.
-14-61
-08-80
-04-70
-12-77
-09-20
-01-29
. .
General OfBce Expenses and Supplies.
Legal Expenses
P.
nga.
I
24.350 52
7,650 20
56 89
•000«
38,877 55
•0030
•.371»
•6o^i»
•0507
-62-2«
I
-37-74
RECEIPTS FROM OPERATION BY DIVISIONS.
Illinois Central Proper
In Illinois, Indiana
Brnnchcs
-.
and Wisconsin
Inter-State Traiiufc'r, Caiio Bridijo Tolls,
lugs over other Lines
and Eam-I
4-22,11516
'
Northern Ijlnes
Southern Lines
'1,38 1*1
Total
'|g,27.5-.';9
']
894'41
8.102,760 4' II 1'07 1.184,8712 8
461, lil 79
i;69SJ93a26 _50-49
»i.«i46.-ii>a'07
K-i-.-."
73
8T"a.8fti.7i
jTiTroa
» 14. 44*. OPS 80
0,287,631 75 1-2T0'II
5,160,374 03 '843-»i
;
_
1
THE CHRONICLE.
422
ABSTRACT
"
P."— INCOME, EXPENSES, ETC.,
FROM JANUARY
WESTERN LINES EXCLUDED FROM OCTOBER
1,
[Vol.
1,
Expenses of
Operation.
Operation.
Fixed
PermaCharges
nent Im- \jnfludi'a
provem
and
Teab
Miles
Xet
Mile
Amount.
Amount.
Per
Annum.
"
31,1887
31, 1888
255
'
2,
1, 953
Other
Income.
a Rents,
Total.
51-23
46-72
43-24
41-75
44-13
424,562
382,927
392,190
395,011
444,125
48- 12 463,352
44-91 484,750
49-25| 550,980
50-27 545,969
52-50 556,073
32-20 575,459
53-97 631,814
60-47 607,263
Per Share
o/$100.
inqs Ap-
Paid.
n'm Sinking Fund.
$
6,355
5,993
5,662
5,760
3,845,643
3,122,443
3,087,433
3.026,700
6,292, 3,672,972
6,305 4.1.08.167
6,746: 3,998,566
6,776' 6,433,271
6,095 6,128,311
6.109 6.626,629
5,998 6,540,704
5,780; 7.011.019
11,822,477, 6,053 7,147,342
31, 1878 1 ,256
31, 1879; I ,256
31,1880;1, ,320
31, 1881 i: 320
31, 188u;i, 320
31. 1883 i: ,928
31.1884 2, ,000
31.1885 2; ,066
31, 18S6i2, ,089
"
"
"
7,040,969
6,639,845
7,111,184
7,234,464
8,304,812
8,586,397
8,905,312
13,064.743
12,190,833
12,621,264
12,529,493
13,033,384
from
'Isl
otUer\
Operation
9
Yr. ended Dec. 31, 1876 1 ,108
31, 1877!l ,108
Receipts
Per
Cent.
Dieidetids
Yearly
Interest Xct Earn-
Expendi- and after plicable
turesPaid
1882
to
from In- $50,000 Divide'ds.
come.
Per Au-
Taxes.
Per
1390.
30,
1837.
Income.
Bectipttfrom
TO JUNE
1S76,
U.
$
2,770 ,764168,8201 2,939,584
1,242 780 1 ,696,804 5 85
3,134; 475 108,136! 3,242,611
121,604 1,170, 904 1 ,950,103 6 72
3.631 ,.'.59 132,158 3,763,717
80,672 1,277; 513 2:,405,332 8 29
3.SI2; ,7.33 215,784 4,028,537
386,016 1,285, ,3162 ,357,205 8 13
4.187; ,715 277,.552 4,463,267
842,324 l,38i; 303 2 241,640 7 73
3,962 ,878i213,279 4,176,137
923,380 1,403, ,697 I 847,0«0 6 37
4,421; ,996I327,.357! 4,749,553 1,271,431 .292, ,227(2:,185,875 7 53
6,069 492 500.235 6,569,727 632,330 2,K.so; ,288 3, ,056,909 10 54
5.516 ,353 310,174 5,826,527 585,081 2,784, 216:2:,457,230 8 47
3,438 ,562167.913 5,606,475 548,859 2,737, 564! 2:,320,052 8 00
3,413 330249,514; 5,662,844 615,926 3,008, 32612:,038,592 7 03'
3.390 ,5511535.410 3,925,961 583,377 2,759, 009 [2 583,575 6 461
4,067 ,872 730,204i 4,798,076 220,781 2,450; 1142 127,181 5 32
1
8 00
400
6 00
6 00
600
700
700
10 00
8
8
00
00
7 00
7 00
6 00
Half-year ended June
275 6,430,830'5,654 3,703,686 57-59 323,686 2,403,458 421,33612,824,814
275 14,448,006'6,351 8,855,773 61-29 709,332!4,882,9Q1 761,2033,644,106
30 1889
Yr. ended June 30,1896
ABSTRACT "e."-CAPITAL STOCK, FUNDED DEBT, AND
JANUARY
1,
1876,
100,41l|l,485,713'l, 2.38,690
213,415 3,021,8802,408,811
FIXED CHARGES PER
TO JUNE 30, 1890.
WESjTEEN LDfES EXCLUDED FB"M OCTOBER
1,
3 00
6O2I 6 00
3 10
PER ANNUM FROM
MILE
1887.
iFixed Charges, inctudi'g
Funded
Capital Stock.
Year.
Debt, including
Leased Line Stock
I
Sink-"/^'"'^ TorkOJflce.tchich
are chiefly Interest on
Bonds and Diridcnds on
Rents.
Stocks owned by the
Interest,
guaranteed.
Miles.
Fixed Charlies Interest, Sinking Fund,
""" Rents, less Profits
including
ing Futid
and
Company,
Amoitnt.
Per Mile.
Amount.
$29,000,000
29,000,000
20,000,000
29.000,000
29,000,000
29,000,000
29,000,000
29,000,000
29,000,000
29,000,000
29,000,000
40,000,000
40,000,000
40,000,000
40,000,000
$26,173
26,173
23,089
23.089
21,970
21,970
21,970
15,041
14,500
14,037
13,882
17,738
20,481
$10,662,000
10,308,000
11,997,000
12,100,000
12,004,000
9,919,300
9,831,000
38,145,000
38,085,000
38,036,000
46,971,000
46,926,000
62,138,000
65,384,000
67,928,000
Per Mile.
Amount.
Amount.
$1,345,780
1,264,904
1,388,513
1,382,316
1,477,303
1,453,697
1,342,227
2,880,288
2,784,216
$1,345,780
1,264,904
1,375,417
1,269,106
1,336,271
1,364,350
1,142,178
2,527,483
2,561,224
2,625,567
2,860,933
2,209,774
1,753,557
1,080,982
2,298,854
Per Mile
Per
Annum.
Year ended Dec.
"
"
"
"
"
"
"
"
"
"
"
"
"
"
31
,
1 376
1,108
1,108
1,256
1,256
1,320
1,320
1,320
1,928
2,000
2,066
2,089
2,255
1,953
2,275
2,272
31,1877
31,1878
31,1879
31,1880
31,1881
31,1882
31,1883
31, 1884
31,1885
31,1886
31,1887
"
"
"
Half-year ended June 30,1889!
Tear ended June
30,
1890
17,.'582
17,582
CINCINNATI NEW ORLEANS & TEXAS PA-
RAILWAY CO.
CIFIC
EIGHTH ANNUAL REPORT, FOR THE YEAR ENDING JUNE
30, 1890.
To
the stockholders of the Cincinnati
Pacific Railway Co.:
New
Orleans
<&
Texas
In order the better to conform to the requirements of the
Inter-State Commerce Act, it was determined to close the fiscal year on June 30, and for that reason an interim statement
was issued for the first six months of 1889, consisting only
of accounts and statistics.
The Directors submit their Annual Report, showing the
physical condition of your properties held by lease and by
owTiersbip the operations of the Cincinnati Southern Railway
during the fiscal year ending June 30, 1890 and the financial
condition of your company at the close of the year.
;
;
Hffl
bbhc:
CINCINNATI SOUTHERN RAILWAY.
(Leased Property.)
The main line of the Cincinnati Southern Railway extends
from Cincinnati, O., to Chattanooga, Tenn., a distance of
33.5
92-100 miles.
Of
this road
81-100 mile is laid with 85-lb. steel rails
78-100 miles with 60-lb. steel rails, 79 33-100 miles with
63- lb. steel raUs.
The length of sidings and spur-tracks to accommodate coal
and ore mines, furnaces, &c., is 102 04-100 miles, making in
all 437 96-100 miles of main track and sidings.
Of the bridginK, 28,307 lineal feet are iron bridges and viaducts and 4,995 lineal feet are wooden bridges and trestles,
that, imder the rfMjuirements of the lease, must be replaced
with masonry, iron, or by permanent embankment, at the cost
and expense of your company.
There are 37 tunnels on the line, their aggregate length being
26.391 feet, or five miles. Of these tunnels, 13,757 lineal feet
are now arched with masonry 5,196 lineal feet will probably
not require to be arched
and 7,330 lineal feet are now lined
with timber, and 108 feet are untimbered, that, under the requirements of the lease, must still be arched at the cost and
expense of your company.
2.55
;
;
;
$9,623
9,484
9,552
9,634
9,094
7,515
7,448
19,785
19,043
18,410
22,485
20,810
31,817
28,740
29,858
2,737,.364
3,008,326
2,759,009
2,450,114
1,485,713
3,021,880
$1,215
1,142
1,095
1,010
1,027
1,034
863
1,311
1,281
1,271
1,370
1,007
898
950
I.OIO
During the year and a half ending June 30, 1890, 70 09-100
miles of the light steel rails have been replaced with 60-lb.
steel rails, making to date 244 17-100 miles of track replaced
under the requirements of the lease.
The work of arching tunnels Nos. 17, 20, 21, 24, 26 (4,475
lineal feet) has been completed at a total cost of §-22 1,106 97,
and tunnels or parts of tunnels Nos. 2, 8, 9, 13, 16, 17, 18, 19,
20, 21, 24 and 26, in all 11,818 lineal feet, have been lined at
the expense of your company up to date. The cost of arching
2,662 feet during the year and a half ending June 30, 1890.
was §169,484 82, which, with what had been previously done,
makes the aggregate expenditures under this head, since the
commencement of the lease, $537,274 86.
There have been laid during the year and a half ending June
30, 1890, 3 99-100 miles of side-track, which, with that previously laid by your company, aggregate 54 1-100 miles, at a
cost of $400,612 83. In the approximate estimates prepared
by the Engineer of the Trustees, but 20 miles of siding in all
were estimated for as necessary to be constructed during the
whole period of the lease.
Since the formation of your company great attention has
been bestowed on a complete and full maintenance of the
property, and the cost thereof in each year has been properly
debited to operating expenses. Besides the cost of maintenance your company has expended for additions and improvements to the road, from October 12, 1881, to June 30, 1890, the
large sum of $1,895,226 34, the benefit of which expenditure
will entirely revert tc the City of Cincinnati at the expiration
of the lease.
ROLLING STOCK AND OTHER EQUIPMENT.
f Property Owned, j
Your company owns
all
the machinery, tools, material and
supplies at terminal stations and on the Une, together with the
rolling stock and other equipment on the Cincinnati Southern
Railway, as follows
93 Locomotive engines.
48 Passenger, baggage and express cars.
3,124 Freight, coal and other cars.
*
1 Steam shovel.
1 Pile driver.
1 Ditcher.
Machinery, tools and supplies in shops and storehouses at
:
Ludlow.
.
.
SCPTSMDEB
;
:
THE
27, 1890.]
CtirtlONICLR
Tools and Hupplies in roundhouse at Lexington.
Tix)l3 and supplies in roundhouse at Somerset.
Tools and supplies iu roundhouse at Oakdale.
Machinery, tools and 8U|)plies iu shops and storehouse at
Chattanooga.
One engine and
Iioist at Cincinnati.
Material and supplies in charge of Purchasing Agent at
Cincinnati.
Tool?, material and supplies in charge of trackmen, bridgemen and storokcepei-s on line of road, and at Chattanooga.
During the past yonr and a half there have been purcliased
and charged to the construction account six new locomotives,
eleven now cabooses, one new ditcher and two new wrecking
cars.
There have also been added to the equipment sixteen box
cars nine flat cars, and nine fruit cars, to replace a similar
numlx?r destroyed and not rebuilt in previous years. These
have all been charged to replacement fund.
There have also been added to the equipment seven locomotives, the cost of which has been charged to the renewal
fund.
The
capital
423
exp«>nditures of
were:
^^ 5'1!"m?P* to.r<>Uln<t
your company for the y«ir
stock and oqulpment, real enUtc
and bulldlngH tlieroon
For riiiMlway and iitructureH
ilniprnveuiriitii 'iinil"acYiU
lions tluit will revert to tlie city at expiration ut lca««i.
^'""'
From
the date of the formation of
ATOSaTSB
""
^
'
'
llS.eoS »7
91^.443 82
your company there
has been expended:
For roadway and itructarOM (Improvcmentu and additions that will revert to the city at explratlOD of leaM>>.<ll ,008,336
34
For property owned by your company
2,735,873 80
Or, in the aggregate
14,631,20014
The amount of the capital stock of your company is $8,000,000, showing that the expenditures have been $1,681,200-U in
excess of the capital actually paid
in.
LEASE.
During the
session of the Legislature in 1889 the trustees of
the Cincinnati Southern Railway succeeded in procuring the
passage of the following bill:
Seven coal cars, nine refrigerator cars and two stock cars
AN ACT
have been destroyed and not rebuilt for these cars a reserve
has been credited to replacement fund to provide for their re- Supplementary to tlie act relating to cities of the flrst class having •
population exceeding one hundred and fifty thousand InhabitsnU,
construction in due course.
passed May 4th, 1869.
Your company owns about twenty acres of land in CinSection 1. He it enacted by the Oeneral Assembly of the Stale of Ohio,
cinnati west of McLean Avenue and south of Flint Street,
which, to be made available, will have to be brought up to That the Board of Trustees of the railway, appointed under the
grade. To the end of June, 1890, 71,409 cubic yards of ma- provisions of the act to which this act le supplementary, be.
;
A
valuable piece of land
terialliave been deposited thereon.
is thus being made ready for use in a part of the city steadily
growing
in importance.
Your company also owns about 67 acres of land at Kenton
Heights and about 2 1-3 acres of land at Ludlow, on which the
shops of the companv are located.
The expenditure chargeable against capital, for all the property owned by your company, is $2,735,973 80.
GENBRAL INCOME ACCOUNT.
and they are hereby authorized, with the approval of a majority
of the Board of Trustees of the sinking fund of the city owning
said railway, to agree with the lessees of said railway to extend
the
time granted in the
lease
thereof for such
length of time
upon such terms and conditions, as shall be fixed and provided'
by the Trustees of said railway and the Trustees of the sinking
fund of said city; provided, however, that the rental, after the expiration of the present lease, shall not be less than $1,250,000 per annum
and provided further, that the said extension of lease shall be made
The following table shows the general income account of within three years from the passage of this act.
Section 2. Said Trustees of the sinking fund are hereby authorized
your company for the fiscal year ending June 30th, 1890, in
by a proper indorsement or stamping on the bonds and coupons therecomparison with the previous year.
1888-S9.
P«r
1889-90.
Ct.
Amount.
21-73
73-09
2-63
2,672,1.51
Amount.
Per
Ct.
Gross Earnings.
From passengers
Freifjlit
Miill service
Express service
MisoellaneouB sources..
1-68
•89
$794,399 41
26
96,314 99
60,526 70
32,466 74
$959,118 89
99
36
73
22-26
72-47
2-45
18
-92
3,122,673
105.749
81,979
39,622
1-90
100-00 $3,655,859 10 $4,309,144 15 lOO-OO
Total
Operating Expenses.
For conduet'g transp'rtat'n 24-86
17-88
Motive power
6-79
Maintenance of cars...
11-60
Maintenance of way...
5-35
General expenses
219
Taxes
Total.
Ket earnings
for tlie year
.
$908,742
653,602
248.265
424,342
195,490
80,158
73
23
33
87
54
89
$960,775
679,268
244,855
547,732
210,549
85,000
5'
48
24
98
22
00
22-30
15-76
5 68
12-71
4-89
1-97
68-67 $2,510,602 59 $2,728,181 49
63-31
31-33 $1,145,256 51 $1,580,962 66
36-69
24-95
$912,000 00
$912,000 00
3,446 85
21-17
6-38
$233.256 51
$665,515 81
15-44
Fixed and other payments
chargeable against retenue.
For rental
Interest on current accts.
Barplus revenue
•08
In comparison with the preceding year, the gross earnings
show an increase of $653,285-05, or 17-87 per cent.
The operating expenses show an increase of $217,578-90, or
8-67 per cent.
The net earnings show an increase
of $435,706-15, or 38-04
of. Issued under the act to which this Is supplementary, to agree to extend the time of payment of said bonds for a period not to exceed forty
years from the maturity thereof, upon the holders of such portions of
said bonds as said Trustees may agree with, agreeing to reduce the Interest thereon to suoh rate as said Trustees shall fix. not exceeding
four per cent per annum and said Trustees are hereby further authorized to cause to be engraved, printed and attached to said bonds such
additional coupons as may be necessary to evidence the interest to be
paid for the extended time of payment of said bonds, and they are
hereby clothed with the same powers, so far as applicable, as they may
have in refunding the bonded debt of said city.
Section 3. This act shall take effect from and after its passage.
Passed ilarch 8th, 1889.
;
Under date of March
from the Trustees
was received
CHAS. SCHIFF, Esq., President C. N. O. * T. P. Ky Co., CineimuxH.
Dear Sib
I am directed by the Trustees of the Cincinnati Southern Railway
respectfully to transmit herewith official transcript of an Act of the
General Assembly of Ohio, passed March 8th, 1889, the passage of
which is the result of the efforts of their board to obtain legislation con
formable to understanding with your company, under date of April
8tb, 1887, and amended January 21st, 1£88.
:
Very
respectfully,
[Signed]
R. M. Bishop.
President.
To
„
Hon.
per cent.
There were moved during the year 1,923,306 tons of custom
freight, against 1,737,060 tons the preceding year, an increase
of 186,246 tons, or 10-72 per cent.
The revenue per ton of freight transported was $1-59 against
§1-59 the preceding year, an increase of §0-08 per ton, or 5-30
per cent.
The number of passengers carried was 818,852 against 695,-
26th, the following letter
:
this the following reply
was made on May
1889
Pbesident's Office,
Cincinnati, May 1st. 1889.
Ist,
R. M. Bisnop,
President Board of Trustees, Cineinnati Soutltem Bailway
;
>
s
;
DeabSir:
have to acknowledge the receipt of yours of March 26th last, transmitting official transcript of an Act of the General Assembly of Ohio,
passed March 8th, 1889. and entitled " An Act supplementary to the
Act relating to cities of tbe first class. ba\ing a population exceeding
one hundred and fifty thousand inhabitants, passed May 4tb, 1869,"
and explaining that its passage is the result of the efforts of your board
258 the preceding year, an increase of 118,594 passengers, or
to obtain legislation conformable to the luideistanding with this com17-06 per cent.
The revenue per passenger carried was $1"I8 against §1-14 pany, under date of April 8th, 1887.
Your communication has been laid before the Board of Directors of
the preceding year, an increase of $0-04 per passenger, or 3-51
per cent; but the average receipt per passenger per mile was this company, who have Instructed me to say
They have carefully examined the Act and are unable to find any
2-25 cents against 2-32 cents, or a decrease of 3-02 per cent.
The freight train mileage was 1,700,285 miles, against 1,509,- provision for the relief of this company from the exactions of the ex141 miles the preceeding year, an increase of 191,144 miles, isting lease. The Act provides for two measures; lirst. for the extension of the existing lease beyond ita present term, and. secondly, for a
or 12-67 per cent.
The passenger train mileage was 1,081,040 miles, against reduction of the rate of Interest upon the bonds of the city of Cincin951,290 miles the preceding year, an mcrease of 129,750 miles, nati, issued for the construction of the Southern Railway, upon the
terms of extending the time of payment of the principal. The extenor 13-64 per cent.
The gross revenue per mile of road operated was $12,824-83, sion of the existing lease provided for Is snbjMt to the condition tbat
against $10,880-38 the preceding year, an increase of $1,94430, the rental dnring the extension shall not be 1p«s than $1.2!>o,00O per
or 17-87 per cent.
annum, and the reduction of the city's interest-charge is not to be pe».
The operating expenses per mile of road were $8,119-59, mitted to afford any corresponding relief to tliis company during the
against $7,472-03 the preceding year, an increase of $647-56, or life of the present lease.
8-67 per cent.
In these circumstances it seems to the board that the efforts of the
The net revenue per mile of road operated was $4,705-24, Ttnstees have been rendered completely nugatory and that the legisagainst §3,408-50 the preceding year, an increase of $1,296-74, lation secured confers no authority upon any one to agree with this
or 38-04 per cent.
company ui>on any modification of the present lease.
I
:
THE CHRONICLE.
424
that the efforts
instruct me
to say
therefore,
to obtain legislation on the lines of the understanding between the Trustees and this company having completely
failed, though not through any want of interest or endeavor on the
The board,
of the
Trustees
part of the Trustees, this company now considers that understanding
at an end and holds itself at liberty to bring to arbitration uiider the
provisions of its lease its claims of compensation for damages suffered
by it from the failure of its lessors to perform on their part the covenAnd of this duo notice will bo
ants and agreements of the lease.
served upon your board in proper form hereafter.
The board desire me to say that they siacerely regret the failure of
your efforts to render this course unnecessary.
With great respect,
I
am,
Very truly yours,
nati to provide terminal facilities at Cincinnati necessary and proper
for the transaction of the business of said railway company, as lessee
of said Cincinnati Southern Railway.
.S'ecoHrf— Damages sustained, losses incurred and expenditures made
by said railway company by reason of misrepresentations, claimed by
it to be false and fraudulent, made by your board and said city at and
before the maklug of the lease aforesaid, touching the kind, quality
and condition of the road-bed, tracks, bridges, trestles and other structures of and belonging to said Cincinnati Southern Railway, claimed
oy this company to have been made for the purpose of inducing it to
enter into said lease, and In reliance upon the truth whereof said lease
was executed by said company.
I
beg
as the
to
mention Mr. Grover Cleveland and Mr. Clarence A. Seward
whom this comi)any has a right to name.
Yours resiiectfully,
two arbitrators
C. Scnirr,
[Signed]
[Vol. LI.
Fresident.
C. SCHIFF,
President,
February 14th, 1890, the usual annual statement was
sent to the Trustees, showing the expenses occasioned to your
company by the want of sufficient depot and yard accommodation at Cincinnati, from the commencement of the lease to
the end of 1889, amounting to $824,406-35.
On February 15th, 1890, the following reply was received
On
The
Office of sechetary and ArnixoR,
Cincinnati Southern Railway,
CiNCiXNATi, February 15th, 1890.
i
C. ScniFF, E6Q.,
Dear
<« T.
on April
38th,
made
the following answer
:
C. ScHiFF, Esq.,
from the Trustees:
President C. y. O.
Trustees,
P. B'y Co., Cincinnati, O.
Sib:
I am directed by the Board of Trustees of the Cincinnati
Southern Eallway to say that they have received your eommunication
of the 14th instant, in regard to terminal facilities, with renewed
Burpriee, in the light of the Increased earnings and the increased
capacity for earnings of the Cincinnati Southern Railway, with the
facilities it has as supplied by the Trustees, and to re state that the
Trustees do not admit the legality of the claim made in your said
President, die.
Sib:
I am directed by the Board of Trustees of the Cincinnati Southern
RaUway to acknowledge the receipt of your eommuuleation of the 25th
lust., in regard to terminal f.acillties In Cincinnati, and the demand of
the same date for an arbitration, under Clause 1 4 of the lease.
As both these commuuioations were received at the meeting of the
Board held on the 26th Inst., the Trustees have not as yet had time to
give them that full consideration wlileh their importance demands.
They direct me, however, to say that they do not acquiesce in aM the
statements made in the first communication, or that there is any foundallon whatever for the claims made in the demand for arbitration.
When the Trustees have further considered the matter they will
advise you of their conclusion.
Very respectfully,
(Signed)
R. M. Bishop,
Dear
communication.
President,
Very respectfully,
The application for an injunction to restrain the company
and tlie Trustees from proceeding to arbitrate, under the lease,
tern.
the claim ot the company against the Trustees aud the city of
the following communications were Cincinnati, was denied by the Common Pleas Court, and the
case is now pending in the Circuit Court of Hamilton County,
E. A.
On April 25th, 1890,
sent to the Trustees:
Fkrouson,
President pro
Cincinnati, April 25th, 1890.
The Tbustees or the Cincinnati Southern Railway, Ciscinnati:
Gentlemen— Your letter of February 15th, in answer to mine of
before the Board of Directors
of this
February 14th, has been laid
company.
I have been instructed to say that the increased earnings and
Increased capacity for earnings of the Cincinnati Southern Railway are
the result of the exertions of the management, always tending towards
that the facilities up
ihe increase of business to and from Cincinnati
to the time provided by the Trustees are absolutely inadequate, and
that their insufiiciency has caused and will cause, with the increased
Dueiness, a proportionate expense, or, in other words, an unnecessary
;
loss.
Ohio.
FINANCIAL.
After providing for the expenses of maintenance, for operation, for taxes, and for rental, the surplus revenue for the
fiscal year was $665,515 81, against which there has been
charged tlie sum of 887,465 00, which amount has been credited
to a reserve or sinking fund, for the redemption of capital expenditures, additions and improvements to the leased propThis reserve fund now amounts to $492,000 00.
erty.
Your directors have declared a dividend of four per cent on
the capital stock of the company, which was paid on the 18th
of February, 1890. A further dividend of two per cent will be
declared, payable on Wednesday, October 22, 1890.
The annual reports issued by this company to its shareholders have
A copy of each of these reports
correctly represented the situation.
as i3?uod has been transmitted to each of the members of your board.
At a conference between a committee of the Directors of this com-
CINCINNATI TERMINALS.
The terminal expenses in Cincinnati during the fiscal year,
occasioned by the want of sufficient depot and yard accommodations,
pany and your board, held April Sth, 1887, your board recognized that
it devolved upon the Trustees to secure legislation conducive to a
practical solution of the poiuts raised by the company, arising from
the failure of the city of Cincinnati to comply with the requirements of
For rent of connection tracks
For switching charges
For rent of Union passenger depot
For expenses of TJuiou passenger depot. .
the lease.
Mr. Henry Mack accordingly introduced a bill In the Ohio Senate
under the instruction of the Trustees.
On March 2Gth, 1889, your board transmitted to this company an
official transcript of the Act of the General Assembly of OWo, passed
March Sth, 1889.
On May 1st, 1889, 1 communicated to you, under the Instruction of
the board of this company, " That the efforts of the Trustees have been
rendered completely nugatory, and that the legislation secured confers
no authority upon any one to agree with the company upon any modification of the present lease."
" That the efforts of the Trustees to obtain legislation on the basis of
the understanding between the Trustees and this company having com«
'
this company now considers that underpletely failed *
standing at an end, and holds itself at liberty to bring to arbitration
under the provisions of its lease, its claims of compensation for damages suffered by it from the failure of its lessors to perform on their
part the covenants and agreements of the lease."
In conformity with said letter of May 1, 1889, 1 now beg to give
notice to your board that our company desires to avail Itself of the
right of arbitration, for which purpose I inclose the required demand
Total
1SS9-90
$24,142 20
70.831,37
12,27170
18.00000
13,54131
$127,602 10
$126,514 91
the current rental payments.
GENERAL.
On February
16th, 1889, a collision of freight trains in tunnel
No. 17(1,250 feet long), set fire to the timber lining of the tunTraffic through the tunnel was interrupted until July
nel.
In the interval the tunnel was arched.
7th, 1889.
To accommodate the traffic, a line over the bridge was laid
out, a road-bed graded (for the greatest viart over rocks), and
track laid in six and a half days, when through traffic was re-
sumed.
The burning on February 17th, 1889, of the machine shop of
the Cincinnati Indianapolis St. Louis & Chicago Railway Company, located at Cincinnati, under one of the spans of the
Ohio River Bridge, damaged said span, which, being defective
in its original construction, was replaced by a new span,
superior in carrying capacity and in design of details to the
Yours respectfully,
C. BChiff,
President.
Cincinnati, April 25th, 1890.
old span.
To lUE Trustees or the Cincinnati Southern Railway, Cincinnati"
Gentlemen— By authority of the Board of Directors of the Cinoiunati New Orleans & Texas Pacific Railway Comiiany, I hereby notify
In April, 1889, fire destroyed the station building at SomerIn its place was erected a new double-story building, 153
feet long, 26 feet wide on the lower floor and 32 feet wide on
the upper. Besides the passenger station, it contains accommodation for all the offices of the Superintendent, and a commodious dining hall, with a kitchen annex 26x26 feet.
In September, 1889, the machine shoj) at Chattanooga was
destroyed by tire. A new shop has since been built on the
old site, with an addition of an engine-house in brick.
set.
pursuance of
states the follow,
ing as the questions in disi>ute to be submitted to arbitration
JVrsf- Compensation to said railway for damages suffered, losses incurred and expenditures made by it by reason of the failure of the
in
Trustees of the Cincianati Southern Railway and of the city of Ciuciu
lggg_9
$24,142 20
73,188 20
18,000 00
The expenditures by your company arising from the failure
of the city to comply, under this heading, with the requirements of the lease, now exceed the sum of $834,000 00. As
stated in the report for 1886, your board is of opinion (and in
this it is sustained by eminent counsel who have examined the
case) that this claim is a just and valid one against the city;
that it will be awarded under arbitration, and, when so
awarded, can be enforced against the city or be deducted from
In writing.
you that the Railway Company demands arbitration
Clause 14 of the lease between it and your board, and
were as follows:
'
I
:
Skptemuer
The
THE CHRONICLE!
27, 1890.]
water of tho Ohio Riwr in March, 1890, caused
dama je to the eiubankmeuts at McLean Avenue,
since been repaired witli material from the Ludlow
hi(?li
considerable
Tliey
liavt'
gravel pit.
Additional tracks were laid in the yards at Walton to facilitate the interchange of busineis with tho Louinville & Nashville Railroad.
The Kentucky Midland Railway, extending from Frankfort,
Kv., to Paris, Ky., crosses your road at Georgetown, Ky.,
where, untler a license, it occupies a portion of the right of
way.
The Passenger & Belt Railway of Lexington, under a license
from your company, occupies a portion of your right of way
at Lexington, and "thus serves as a connection with the several
roads entering Lexington.
The Richmond
road,
now
bi'ing
Nicholasville
from
Irvine
&
Beattyville Rail-
Ky., to Beattyville,
Ky., crosses your road at Nicholasville, and occupies there,
under a license, a portion of your right of way.
A new town, "Cardiff, Tenn.," has been founded two miles
north of Rockwood, Tenn. It is intended to make it an industrial center for the development of the mineral resources of
built
Ver.saillas.
that region.
Another new town, "Harriman, Tenn.," has been estabthe junction of your road with the
lished near Keathley,
road to Knoxville, with the same purposes as the town of
Cardiflf.
REQUIREMENTS FOR
The expenditures
bj'
1890-91.
your company for the ensuing
fiscal
year, to be charged against capital, are estimated as follows:
work on tunnels
$30,000
additional sidc-tr»oks, tucluding coat of grading
20,000
rciilacemc it of brldses
40.000
tllilnc troet lea
10 000
For
For
For
For
For
For
For
For
fenciutc
lO.'ooO
buildings
additions to new shops sud storehouse
oars and engines
10,000
30,000
?^S?'"SV^.T^"*''^'?*.''^'i*'^°. •"*•»• la the city of Minne-
1"*.'. "^ '•'^ ";?'•' •• ««t«n>»ted at from flM.ton^J^I^^
$200,000 but iU expenditure save* a continuation
<rf
several eipenjtive law suits and gives the road larger.
l»otti»r
andpermanentfreightfacilitiBsinthocltyof MinncnpiliH
• •
'^®"'
B"'*'!*' o' the company amounting to
ti'^S,
^^*S
JIOO.OOO were paid
off on presentation to tho Central
Company after September 1, 1890. Tho funds for thisTruH
purpose were derived almost entirely from tho sale of pror>orty
in
the city of MinneapolU, which was not necessary or
available
for the use of the road."
Of the foreclosure proceedings the Receiver says: "The
progress being made in our foreclosure proceeding^ U
extremely slow and tedious, neceasarily so by reaion of the
number and variety of interests involved and the difficulty
and often the impossibility, of arranging the hearings of evidence, motions, etc., at times that will accommodate them to
the various engagements of the bu«y attorneys engagwl in
representing the several parties to the case, and permit them
all to be present.
The taking of the evidence before the
referee is well under way and seemi likely now to be brought
to a close, so that a hearing of the case may be had not later
than the coming November,"
The net revenue for the year ending June 80 was as fol-
X/S"
000 to
'
lows
:
Division
Division
Division
Division
Division
1— East Minneapolis to White Bear
2— Minneapolis to Mcrriam Junction
3— Merrlam Junction to Albert Lea
4— Albert Lea to Fort Dodge
The attention
of stockholders is invited to the report of the
General Counsel and to the statistical tables furnished by the
Comptroller, for detailed information as to the operations of
your company and the present condition of the oroperty.
The roadway, structures and equipment are in' good condition; there has been a full maintenance in all departments,
and a satisfactory improvement in all branches of the service
during the year.
For these results the thanks of the Board of Directors and
of the stockholders are due to the officers and men employed
on the road, who have efficiently performed their duties in the
several departments of service.
Respectfully submitted.
By order of the Board of Directors,
CHARLES SCHIFF,
;
A
OPEBATIOXS AXD FISCAL HBSUITS.
Passengers carried (No.)
Passengers carried one mile
Rate per passenger per mile
Freight (tons) carried
Freight (tons) carried one mile
Rate per ton per mUe
Earninga from—
Passengers
Freight
Mall, express,
509.049
13,019,508
2'31 cte.
787,123
71,134,603
1-31 cts.
¥305,970
932,347
92,202
&c
Total
Operating expenses and taxes
Net earnings
Per cent operating expenses to earnings
of Mr.
"
RAILWAY.
W.
in the rate re-
ceived per ton mile shows this to be the case, and is worthy of
note at this time, in view of the decrease in receipts per unit
of traffic shown generally by Western railways. The through
or competitive traffic, both freight and passenger, of the territory througli which the line runs, has, during the year under
consideration, been transported at lower rates than have obtained during any period of equal length in the history of
Western railways and unquestionably a large proportion of it
has proven very uoremunerative to the Unes transporting it.
On certain classes of this traffic the rates have continued to
rule so low that we have refrained from competing for it."' * *
" The large decrease in the cost of maintenance of roadway,
bridges and buildings is noteworthy. The reason for this, is
that during the first year of the receivership an unusual siim
was expended for new steel rails, ties, renewal of bridges. &c.,
to put the road in shape for safe and economical operation as
explained in the last annual report."
* *
"During the year the Court has at different times ordered the
payment of past-due coupons on certain issues of bonds these
payments, including interest thereon from the several dates
when due until paid at the rate of six per cent per annum, aggregate §313.472." * * " Since the close of the year coupons
number seventeen on the Pacific Extension Bonds, due Oct. 1,
1889, have been paid, amounting with interest as above to
In making orders for the payment of these coupons
$43,533.
from time to time the Court is governed in its action by the net
results shown on the different divisions as contained in the
quarterly statements rendered by the receiver." * * "Couix)ns
have been ordered paid only on the first mortgage bonds of
those divisions whose earnings, as sUown by these reports, are
ample to cover such payments."
* *
An important work has been authorized by the Court in the
lowering of the grade of the main tracks, yards and freight
:
'
$505,174
74-aO
66'48
1889-90.
$505,174
106,867
Total
$431,665
~$6l7,041
$63,873
9,800
$62,281
312,873
$73,673
$357,992
$375,154
$236,887
DeduH—
Total
Balance over Interest and rentals paid
The marked increase
$333,960
$333,960
97,705
30, 1890.
H. Truesdale, Receiver, is
written under date of September 1, 1890. He remarks that
the increase in earnings during the past year over the
previous one is due altogether to the increase in the local
business of the road.
*1,507,124
1,001,950
Net earnings
Otherincome
Interest paid during year
ST. LOUIS
$1,330,519
996,559
IKCOME ACCOtJNT.
Chicago Peoria
The annual report
^
June 80, 1890, $171,351.
The statistics for two years have been compiled for tbe
Cheoniclk as follows
Rentals
FOR THE YEAR ENDING JUNE
sia tna
Oo'mi
" ityr'mn
22»12
,'5— Fort Dodge to Angus
d«f la'lilM
DlvUlon 6-Hopklns to Morton
......'.'.'..
iiO.im
Rent of equipment (on I. & E. bond account), $82,772;
interest on improvement account, ?88,479 total to credit of
improvement and equipment mortgage for the year endinir
1888-9.
President.
WINNEAPOLIS
.'
lggfl.9
CONDITION OF THE RAILWAY.
^
425
&
St.
Lonls.— St. Loni^ & Chlesgo.—
& Chicago has made a contract
with the Chicago Peoria & St. Louis Railway Company
(Jacksonville Southeastern Line), under which that company
assmnes the operation of the St, Louis & Chicago from Mt.
Olive to Springfield, 111, All accounts and balances up to and
including Sept. 17, 1890, will be settled by the receiver. This
contract is made pending the reorganization.
The receiver
Distilling
of the St. Louis
&
Cattle Feeding Company.
—This company,
a
corix)ration organized under the laws of Illinois, has secured the
listing of its stock on the New York Stock Exchange.
The capital stock of said corporation is §35,000,000, divided into 350,000
shares of $100 each, par value. Of this stock 315,016 shares
are issued and outstanding in the hands of various stockholders.
The remaining 34,984 shares are an asset in the treasury
of the compaay.
The principal office of the company is at Peoria, niinois,
where it has a transfer office. The company has also a transfer office in New York City, the Central Trust Company beingf
transfer agent and the Chase National Bank being registrar.
The directors of the company are: J. B. Greenhut, Peoria;
Adolph Woolner, Peoria; Nelson Morris, Henry M. Kingman
and P. J. Henness}', Chicago; W. H. Coming, Cleveland; \Vm.
N. Hobart, Cincinnati; L. H. Greene, Cincinnati; and H. L.
Its officers are: J. B. Greenhut,
Terrell, New York City.
President; Adolph Woolner, First Vice-President: W. H.
Coming, Second Vice-President; W. N. Hobart, Treasurer;
George J. Gibson, Secretary.
The company owns a large number of distilleries, including
cattle sheds, in Illinois, Ohio, Indiana, Missouri, Wisconsin,
Kentucky, Nebraska, Iowa, New Y^ork, Minnesota and California.
Pittsburg
Shenansro
& Lake Erie— Plttsbnrg
Bntler
company has been consolidated
with the former and reorganization effected. The new capi-
k Shcnango.—The
latter
is $3,000,000 each of st(x-k and first mortgage bonds,
will be used to retire all liens against the projierty,
settle all claims, complete the road to a junction with the
York Chicago St. Louis, and provide for rolling stock.
tahzation
which
New
&
.
,
1
THE CHRONICLE.
426
gltje
[Vou
OTT ON.
C
CTammertial gnues.
LI.
Friday, P. M.. September 26. 1890.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 211,522 bales,
COMMERCIAL EPITOME.
Friday Night, Sept. 26, 1890.
against 171,708 bales last week and 124,368 bales the previous
two Houses of Congress have been ac- week, making the total receipts since the 1st of Sept., 1890,
586,458 bales, against 4lfe,799 bales for the same period of
tively emploj-ed in the past week in adjusting differences 1889, showing an increase since Sept. 1, 1890, of 113,6.59 bales.
affectschedules
over
in tariff bills. The contest was mainly
Sat.
Mon.
Tucs.
Receipts at—
Wed. Thurs.
Fri.
Total.
ing sugar and binding twine. The sugar schedule was settled
11,611
Galveston
5,877
4,427
8,003
except
8,039
7,519
D.
S.,
45,476
No.
16
under
sugar
to-day on the basis of free
El Paso, Ac...
93
93
from countries levying an export duty. The schedule on bind- New Orleans... 6.501 8,499 9,098 4,961 5,364 6.518
40,941
the
engrosbill
went
the
to
and
to,
agreed
was
also
ing twine
Mobile
1,201
2,603 2,808
570
The conferees
of the
Rumor
sers to be reported to Congress immediately.
bill is to take effect on the 6th of October.
755
says the
There have been
excessive rains in the Mississippi Valley, stimulating a speculation for the rise in cotton. Trade is generally good.
The market for lard on the spot shows some decline, but the
6-32i2
close is fairly active and steady at 5-95c. for prime city,
6-303
refined
the
for
to
Western
and
6-80c.
@6-35c. for prime
Continent. The speculation in lard for future dehvery was
at declining prices, under fuller receipts of swine at Western
points, causing the bulls to lose confidence, but yesterday and
to-day the demand was very active and values were steadier.
The transactions to-day amounted
DilSiT OLOBUCO PSIOSS
October delivery
o.
November
December
delivery.. ..c.
delivery
o.
delivery
c.
January
Pork
to 7,500 tierces.
Bat.
Mon.
Tuet,
6-43
6-58
6-70
6-86
6-30
6-45
6'58
6-80
6-63
6-72
6-90
Wed.
6-27
6-40
6-62
6-70
Thur,
6-27
6-42
6-62
6-70
Fri.
6-26
641
6-51
6-69
partially declined early in the week, but at the close
demand is more active and prices are steady, at §11 25@
$12 for mess, $10 50(2811 for extra prime and S13;a$14 25 for
short clear. Beef has become dull, losing part of the late adTance; quoted: extra mess, $7(67 50; packet, $7 50(38 per bbl.;
Extra India mess, $12 50@$14 per tierce, and family $9
@$10 per bbl. Beef hams are again lower and quoted at
the
$14{a$14 50 jjer bbl. Cut meats more active and about steady;
quoted; pickled bellies, 6J;4(gi7J.^c., including those averaging
12(@101bs. at 6>2@678C.; also pickled shoulders Si^caSJgc,
and hams IQi^® 10J>^c. smoked shoulders 6® 614'c. and hams
;
Tallow quiet at 5?8C. Stearina is quoted at 7,5|
@8c. and oleomargarine 638@6}2C. Butter steady at 16(a23c.
for creamery. Cheese quiet at 8^.g9i^c. for State factory,
lli^(g 113^0.
full
cream.
Rio options has been quiet, ut a demand to cover contracts
has latterly given a stronger turn to values, and the close is
firm, with sellers as follows:
I
September
18'40c.
OcwLier
17-8i^c.
1715o.
|
December
Jitiriiary
1
February...
16-8Sc.
16-900.
.15-6JC.
I
I
371
42,885
2,365
29,064
6,596
9,893
5,511
4,739
7,694
4,144
9,273
4,815
5.208
1,907
8.452
2,365
3,712
Wilmington
Wash'gton.Ac
3,262
2,873
1,902
2,234
2,301
855
Norfolk
2,854
1,390
4,044
721
8
2,618
1,838
13,427
8
18,756
8,454
292
292
Brunaw'k, &c.
caiarleston
Port Eoyal.&c
West Point...
3.167
3,150
2,368
1.571
2,923
566
N-wp'tN-6,&c.
New York
40
40
7
Baltimore
Phlladelph'a,&c
35
4
I
"25
17
12
17
160
100
For comparison we give the following table showing the
week's total receipts, the total since September 1, 1890, and
the stock to-night, compared with last year.
Sei)t.
15'50o
April
l.'i-40o'
May
15-30o'
Raw
sugars are lower and dull at 5*30. for fair refining
Muscovado, and 6c. for Centrifugal, 96 degrees test. Nothing
of moment was done to-day, pending the new tariff bill. Refined sugars in fair demand sta-idard crushed 7 l-16c., and
granulated Q%c. Rice is very firmly held. The tea sale on
Wednesday was not a large one, and it went off at steady to
;
Thii
Week.
26.
1,
371
586
Savannah.
42,885
2,366
29,064
132,192
Brims., &c.
Charleston ..
P. Royal, ic
141,414
295
98,337
25,631
7.161
69,397
Wilmington
Wa8U'tn,&c
13,427
Norfolk
18,756
8,454
33,139
23
48.197
23,372
292
40
12
17
160
995
167
22
60
390
8
West Point.
NwptN.,&c
York.
Boston
Baltimore.
..
..
&c
PWl-del-a,
211,522
Totals
Thit
Week.
1890.
45,476
93
40,941
9,161
..
Stoek.
1889.
Since Sep.
Galveston...
El Paso.A-c.
Sew Orleans.
Mobile
Florida
Since Sep.
1,
1889.
1890.
1889.
40,025
80
48,711
12,214
117,817
278
100,582
26,353
62,222
42,936
54,234
6,776
69,399
4,307
43,300
1,429
23,416
124,777
4,297
50,453
61.902
45,421
49,240
33,864
......
5,536
15
11,478
9,358
7,375
187
6,547
11,094
14
11,950
20,864
581
•.•>>
4,078
11,608
......
16
90
51
18
271
24,380
4,000
1,562
2,756
33,787
3,500
3,850
3,238
5S6.45« 191,833
472,799
289.864
261,477
46
,
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Receipts
March
1890.
Eccciptt to
New
Coffee on the spot is a fraction lower at ISJ^c. for No. 7
Rio, but the market to-day is rather more active. The sales
of mild grades included Padjoe at 2%%c. The speculation in
November
Savannah
9,161
371
Totals this week 31.8321 49,495: 34.154 29.389 30,669 35.983 211,522
or tjLBO TOTUmtS.
647
1,224
Florida
at—
1890.
I
Galv'ston,&ol
45,569
40,941
9,161
42,885
29,064
13,435
18,756
8,746
2,965
New
Orleans
Mobile
Savannah.
..
Charl'8t'n,&c
Wilm'gt'n.&c
Norfolk
Wt Point, Ac
brothers
1887.
1889.
1888.
40,105
48,711
12,214
43,300
23,416
5,586
9,358
7,562
28,993
30,042
5,893
35,878
13,496
2.789
7,322
1,648
2.338
1.581
1886.
36,784
60,319
6,908
54,958
28,436
12,350
19,609
16,382
2,999
we
1885.
33,849
34.032
3,059
37,495
24,808
9,079
9,696
27,482
29,185
4,014
42,501
25,114
5,696
14,067
9,764
1,640
1,606
2,841
firm prices.
Kentucky tobacco quiet atd unchanged. Seed leaf has been
Tery active and sales for the week are 4.778 cases, as follows
rol.thisweek
211,522
191,833
128,399
Since Sept.
586,458
472,799
302,931
1,658 cases, 1889 crop, Pennsylvania seed leaf," 9c. to 13i^c.
200 cases, 1889 crop, Pennsylvania Havana seed, pri\ate
terms 300 cases, 1888 crop, Pennsylvania seed leaf, lOJ^c. to
The exports for the week ending this evening reach a total
of 115,333 bales, of which 80.076 were to Great Britain, 1,150
to f ranee and 34, 107 to the rest of tlie Continent.
Below are
the exports for the week, and since September 1, 1890.
1.1
1
238,745
156,465
159,663
654,776
389,325
435,128
:
;
;
llj^c.
Havana,
1,770 cases, 1889 crop, State
;
lie. to 14c.
cases, 1889 crop.
;
New England Havana, loc. to 25c.
New England seed, private terms, and
1889 crop,
cases,
;
250
200
400
Week BndiKfl
from—
Great
flrit'Jl.
cases, 1889 crop, Ohio, '^^c. to 10c.
65c. to $1.15,
On
;
also, 1,200 bales
Havana.
Galveston
and 890 bales Sumatra at $1.40 to $2.75.
New Orleans..!
Exchange to-day. Straits tin was quiet. Ten Mobile
September at 24-70c. quoted at 28-50c. for De. Savannah
Brunswick
—
1.
1890, to Sept. 26, 1890
Exported to—
\
18,020
areat
Total
Oonti-
I
Week. BrUatn. France
18,020!
15,808
Sept.
to
Conti.
nent.
\
3,575
19,383
14,997
S0,021
„^j
38,168
38.873
TotaL
38,158
49,678
I
;
entirely nominal.
Domestic lead
has advanced to 5-.S0c., but is dull. Domestic spelter quoted
at 5-70c. for October. The reports from the interior u-on markets are less favorable, and Steel rails are easier.
Refined Petroleum is unchanged at 7-40c. in bbls., and 9-20c
in cases Crude, in bbls., 7-30o. Naphtha, 7-40c. Crude cenifl
Gates, 791^® 80c. per bbl. Spirits Turpentine is easier at 40I2C
Rosins are quiet at $1 40@$1 45 for strained. Wool is in good
demand. Hops are quite firm.
;
j
'**"""
I
the Metal
tons sold for
cember. Ingot copper
1
From
Sept. 26.
Exported
Exports
is
;
Charleston
—
—
3.850
Wilmington. ..| 10,772
7,083J
Norfolk
......
14,437
3,850
19,697
S4,745
12,857
25,314
23.768
11,692
9,007
3,860
17,855|
18,231
7,083
14,487
23,768,
6.592
11,692
1M7&
49,576
i
j
West Point....
I
N-portNw8, AC;
New Tork
Boston
Baltimore
8,592
9,428
600
j
1,650<
62'
52
5,528'
650
1,884'
80,07)i
1.150] 34,107 115,338
211,7661
62.378
5,527
143,223
i
'
600
13,722
93
660
963
63,798
6,621
3,497
1,150
56,213
269.128
20,818i
46,0721
210.113
Philadelp'a.AC'
Total
I
Total. 1889.
33.891 lOl.SBi
Septembeb
THE CHIIONIOLK
27, 18SO.I
In addition to above exportn, our telegrams to-night also
give us the following amounts of cotton on shiplK>ard, not
cleared, at the ports named.
add similar figures for
New York, which are prepared for our special usa bj MMart,
34
Beaver
Street,
Carey, Yale
Lambert,
We
427
The Sales and Psicbs or Futures
following oomprebensive table:
are
*hown by tb«
&
On Shtptoard,
Sept. ae,
B<-
Otber porw....
10.129
None.
13.000
4.500
27,128
6,000
7,500
7,000
Total 1890...
81,557
Total 1889...
Total 1888...
41.440
29,575
Voblie
Cliftrleaion ....
8avann»U
Oalvcstou
Norfolk
New York
The speculation
OiAut-
«^«'- fvJSn
Britain.
New Orlenni...
not eUared—for
Leaving
Ortat
2,320
None.
13,000
10.300
6.092
None.
12,191
None.
None.
None.
3,133
None.
375
None.
1
25,207
12,396
1.800
4,500
5,752
2,000
700
16,002
i
1,281
None.
None.
None.
3,000
,
Block.
Total.
u>i*t.
82,227
None.
36,800
10,300
42,405
8,000
8,575
10,000
22,007
6,776
23,440
42,602
19,817
3,698
15,805
9,412
31,412
15,336
117,307
142,857
33,257
12,641
15,854
15,181
115,758
69,793
135.710
183,989
1
in cotton for future delivery at this
market
opened the week under review with a very unsettled ton e,
prices showing much irregularity, and the early and late
months not moving in unison from the effect of conflicting
influences.
On Tuesday, for example, reports that recent excessive rains had much reduced the quality of the crop, and
that the damaged lots would be hurried forward and delivered
on contracts, caused a material decline in September options
and weakened October, while on Wednesday the same reports
caused an advance in the Spring months. (The advance in
September options on Wednesday was due to a demand to
cover contracts in the face of small stocks on hand). There was
not much animation to the speculation at any time,and no disposition to act for anything more than the turn of the moment.
On Thursday, however, there was decided buoyancy and a
more active speculation than has been noticed for some time.
Liverpool reported a smart advance, and the weather reports
from the South continued to mention damage to the maturing crop by excessive rains. To-day the cessation of excessive
rains at the South caused some selling to realize, under whic h
most of yesterday's advance was lost, but there was a
partial recovery on the later dealings.
Cotton on the spot
declined 116c. on Saturday and Tuesday, The decline led to
a better business for home consumption. To-day the market
was dull at lO^gC. for middling uplands.
The total sales for forward delivery for the week are 464,800
bales.
For immediate delivery the total sales foot up this week
for export, 3,774 for consumption,
3,774 bales, including
for speculation, and
in transit. Of the above
bales
were to arrive. The following are the official quotations for
each day of the past week— September 30 to September 26.
—
—
UPLANDS.
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary
liow Middline
Strict Low Middling
Sat. Inioii
^
lb.
7»i8 7i3ie
iS"
10
;
1014
lOH
107,8 10'l«
101, 8 1011,8
lO's
lO'e
11^18
'
Middling Fair
Fair
GULF.
Sat.
'
tVo.\ 8
8 ',8
'
91 1«
§?>"
91,8
9>a
108,8
1038
1058
10!,,
1039
1058
1013,6
11^4
10U,8
nou
8
95,8
81;,
95,,
»!|l
9%
2
916,*
1038
1059
838
9^
911,,
911,,
1038
1059
1013,, 1013,8
11>4
Tnesl Wed
9'4
'«
9l6i6 9 "18
10), 8 103,8
im
V>
838
83,8
91,,
91a
§?"
I
Th.
PrI.
839
838
9H
911,8
9'1,8
10% 10>6 1019
1038
1038
1038
lOOg 1058
10»,8 103,8 10", 8
10ii,8 1013,, 1013,^
lO's
lO's
lli,» lUis 11
III2
11»4
11'
I'le 11T,8 'll'.«
12
Il2
11lii,, 1115, '1115,«
10i«
1038
10',«
'103,8 '10>„
ilO'iB |107.«
Mlddlini;
Good Middling
Good Middling
MlddllagFair
\
H
Strict
Fair
Tnee Wed
STAINED.
SirictGood Ordinary
8^18
9»3
111S„I IH'IirII^
I
Good Ordinary
Tnea Wed Tb. Fri
7%
7%
7%
7%
I
Good Middling
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary
Low Mlddliuc
Strict Low Middling
8 14
9ie
8>4
9>8
9',8
Middliu(r
Good .Middling
Strict
—
fW).
712
8ie
91.8
LDwMiddling
Middling
101»u
1
117,8
ll'»16
Tli.
9t\
719
8l8
91.8
9'8
7>a
8i«
91,8
979
MARKET AND SALES.
The total sales and future deliveries each dav during the
week are indicated in the following statement. For the
l^r We have included In the above table, and shall oontlnae eaeh
convenience of the reader we also add a column which showt week
to give, the average price of futures each day for eaoh month. It
at a glance how the market closed on same days.
will be toiinil under each day followinz the abbre\ialloii " Aver." The
month for the week Is also given at bottom of table.
c; Tue«4ay,
Trausferable Orders—Saturday, l0-35c.; .Monday.
j.
10-250.; Wednesday, lO-35c.: Thursday, 10-35c.; Friday,
avi-raga for each
SPOT MARKET
CLOSED.
SALES OF SPOT AND TBAN8IT.
El-
1
Con-
I
Spec-Tran-
porl. ftump. ul't'n
Sat ..Dull at 1,8 dec..
Mon £a8y
.
Tue8. Easy at i^ dec.
Wed .Easy
TUur. Quiet
Fri...|DuU
Total
The
.
&
242
557
432
467;
steady.
765
311
2.774'
til.
LUitTotal.
Satet.
',
242
557
433
467
-63
triet.
31.90OI
33.500
49.800
48.200
169,300
311 127,100
2.774 464.8n<
dally deliveries given above are actually delivered the day
pieTious to that on which they are reported.
The following exchanges liave been made during the week:
-05 pd. to exeh. 200 Nov. for Jan.
02 wl. to exch. 500 Dec. for Oct.
•10 pd. to exoh. oO<t Jan. for Mak.
-03 pd. to exch. 100 Deo. for Sept.
•04 pd. to exch. 100 Dec. for Sept
Even. 1,000 Nov. for Dec
•05 pd. to exch.
100 Deo. for Jan.
-06 pd. to exch. 2. .'00 Nov. for Jan.
Thk Visible Supply of Cotton to-night, as made up by cable
and telegraph, is as follows. The Continental 8t<x;ks, as well as
those for Great Britain and the afloat are tlm week's returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
—
;
.
e
..
THE CHRONl'M-K.
42^
figures for to-night (Sept. 36), we add the item of exports from
the United States, including in it the exports of Friday only.
1S88.
1887.
1S90.
1880.
Stock at Liverpool
balea 572,000 435,000 219,000 508,000
Btock at London
40,000
14,000
28,000
27,000
Total Great Britain stock.
Block at Hambnrg
Block at Bremen
Block at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Btoek at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
[Vol
QuoT.\TiONS for Middlino Cotto.v at
14,400
5,000
1<),800
200
300
4,000
106,000
3,000
25,000
4.000
3,000
15,000
55.000
6,000
31,000
6,000
3,000
300
800
45.900
22,000
200
73,000
2,000
25,000
6,000
7,000
152,000
2,000
13.000
5,000
14,000
Savannah...
9IM.
Charleston.
9-8
Wilmington
9M,B
lotal Continental stocks
166,200
138,000
139,300
259,800
Baltimore...
Philadelphia
Total European stocks.. ..
IndlacottoaafloatforEiirope.
Amer,cott'DafloatforEtirope.
76';,200
600,000
35,000
130,000
11,000
251,477
27,600
15,861
372,300
45,000
89,000
10,000
253,782
46,218
15,572
807,800
114,000
lUO.OOO
24,000
377,689
97,9^6
21,457
Egypt,Brazil,&c..afltforE'r'pe
Stock in United States ports..
Stock in U. 8. interior ton-ns..
United States exports to-day.
4(32,000
2,31)0
31,000
176.000
18.000
289,864
43.915
19,291
4.>'00
4,000
900
Total vlsiWe supply...!... 1,341.270 1,070,938
831,872 1,605,912
Oitlie above, the totals ol American and other descriptions are as follows:
Amencan —
JLlrerpool stock
bales
Coutinentalstoeks
afloat for Europe...
United States stock
United States interior stocks..
United States exports to-day.
Total American
Batt Indiiia^ BrazUt
Liverpool stock
237,000
57,000
176.000
289,864
43.915
19,291
235,000
60,000
130,000
251,477
27.600
15,861
103,000
61,000
89,000
253.782
46,218
15,572
823,070
719,938
568,572 1,018,112
335,000
23,000
109,200
31 ,000
18,000
200,000
27,000
78,000
116,000
14,000
78,300
45,000
10,000
243,000
115,000
160,000
377,639
97,996
24,157
<£c.
London stock
Coutinentalstoeks
India afloat for Europe
Egypt, Brazil, &c,, afloat
Total East India, Ac
Total American
3.3,000
11,000
521,200
823,070
265,000
40,000
144,800
114,000
24,000
351,000
719,938
263,300 587,800
563,572 1,018,142
Total visible snpply
1,344,270 1,070,938
Price Mid. Upl,, Liverpool....
5 ' nd.
6".fd.
Price Mid, Upl„ New York....
lO^c.
llisc.
831,872 1,605,942
r.d.
5 i«d.
9130.
lO'isC.
^f The imports into Continental ports this week have been
2,000 bales.
Tlie
above figures indicate an increase
in the cotton in sight
to-night of 273,332 bales as compared with the same date
of 18S9, an increase of 512,398 bales as compared with the
corresponding date of 1888 and a decrease of 361,672 bales
as compared with 1887.
At the Interior Towns the movement—that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1889— is set out in detail in the
following statement.
Sept. 26.
fiD
«
n*
-
.Mon.
Taea.
I
Wednes.
I
aalveston.-.i
Sew Orleans,
Mobile
9
91ii6
9^8
9^8
9%
9%
9%
911,6
9-8
9^8
9:1, fl
9 ll«
^16
10%
9%
..
Memphis
10
10 12
Louisville.
10%
10
9 '8
9^8
.
lO^
10%
Fri.
^91S.8
10
9''8
9»8
9-'8
9^8
913,8
101,8
913,,
101,8
10%
3%
9iiifl®% 911,
10
.
Louis
Cincinnati
3t.
103i
OS—
\
9'8
913,8
913,8
101,
9'3lB
101,8
10',«
10>4
lOlt
10%
lo-^s
T/iure.
9-8
9^8
91t,.®7g
1048
107m
101,,
10',,
Boston
iugasta
9"'8
9%
'
Vorfolk.
9-s
\
10%
10%
1014
1014
1014
10%
10%
10%
911,
®%
10
9%
iS""
10
9^8
9^8
9^8
lok
10%
10%
10%
10%
10^
10
10%
10%
The closing quotations to-day (Friday) at other ijiportant
Southern markets were as follows:
Atlanta
Columbus, Ga.
Columbus, Miss
Eufaula
95s
9'i8
Little
I
I
9%
I
g's
I
Rock....
Montgomery
.
.
9»8
Raleigh
9%
Rome
g^'s
Selma
Shreveport
Nashville
Natchez
9i3ie
9i>8
9%
9%
9«g
.
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
ftnally reaches the market through the outports.
Wttk
Bni%nt—
Rtcetpta at the Ports. St'k at Interior Tfnvns. Rec'pts from
1888.
Aug. 24
" 29
18,517
23,639
Sept. 8
"
12.
"
1839.
1890.
6,532
27.709
11.295
19
88..
1889.
15,991
(
7,207i
42.810 15,155
67,452 92,589 17,828
45,691 92,994 124,3681 21,291
89.677 136.348 171.70S 38,508
128.399 191.833 211.522' 61,474
39,164
...
1888.
1890.
8,964
1888.
[
Planfm.
1889.
.
1890.
18,264
22,803
29,229
46.826
41,837
66,492
99,605
6,349, 16,396
8.727
11,979
17,767
23,022
18,896
26.434
28,529
39.762
35,031 104.894 130,855 181,895
55.517 153.385 205.008 1231,418
49,1541 98,249il30,907
—
The above statement
sliows: 1,
That the total receipts from
the plantations since September 1, 1890, are 628,362 bales; in
1889 were 500,117 bales: in 1888 were 349,030 bales,
3,
That, although the receipts at the outports the past week
were 211,522 bales, the actual movement from plantations was
231,418 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 20),088 bales and for 1888 they were
153,365 bales,
—
Weathke Reports by Telegraph.—Reports
to us by telesomewhat unfavorable. Rain has fallen in
districts of the South, and at many points the
graph'to-night are
all
H
weather has been quite satisfactory. Marketing has been on
a libeial scale.
Oalveston, Texas. It has rained on one day of the week,
—
~
O
-»'CKiQXOWt-'ft^Xr0CifflWt"*^O»^»*
OSctOOCOO-JCOviO^OCSOCCXCDOO
the rainfall reaching ninety-nine hundredths of an inch. The
thermometer has averaged 76, the highest being 86 and the
lowest 67.
M wT Ki
WpCCMJDCOttti-"-
Palestine, Texas.
have had showers on three days of
the week, the precipitation reaching seventy -three hundredths
MM ^
OS 00 CO OJ w-*
CO O-OS Hto 05
t»-
-^,
piecipitation has been heavy, interfering with the gathering
of the croi). In the greater part of Texas, however, the
O
p
1
Satiir.
about
~ 5'2S-i»gsc.Sg.gHg<'5.s:«§Eg
Other Markets.—
FOR MIDDLING COTTOS
CLOSIJJU QCOTATI0S3
Week ending
548.000
600,000
3,000
15,000
3,000
LI.
In the table below we give the closing quotations of middling
cotton at Southern and other principal cofcton markets for eacn
lay of the past week:
233.000
4,400
American
.
i(».
rf^ _-<_*-
O? rfk CO CO to OS
X
r'
'»-*
W^W
—O
0:
>ffc
01 *.
01
X
rf>.
CO
—
^ O i" M OS
—We
JD 01
aWXtr — rfkV
en ts
U
WO
d r- ti 3i X a«
>-• if^
iS)
CO
— ccV X
'v'ci tc
OD rfk <i
ciw wbioio *»-tf^x cox CO *j CO *-<!>- "ioo
ifcocix:Dx-^Axw^-i:ox-^yiio^-sj
O en X o o« -J tc o OS CO M OS o:
M to M
K)
^
•-'
H-
O
CJ>
10 •
rf^
ooco>
n'ji3t
c;*osM
of an inch.
o a I-
—
K> C« 0; CO CO CO
_M J-i M
10
<1
M !-• O
to OS Os'tO to *^'b tt^ OS W — CoVj CO JO X
OS^OtOrf»Xy»<)iO(Cy«OXCJ'X^OCOO
CCH-C^Cnf^>-XC0-g*>.O-OMWC-IXXIO
U" cj
MMh--- — M
c;»
—
rfk. tti.
o> 10 bi
COOiXCO^UX
X to CO CO m c — to w co x — x
tt«®Osoosa»Oix-jcoMt;»OcocntJtoi—
s§
OS
l0C0*.|C0^C0*^t0*4WXOX«J'^C0^X-4
2f
MW
COi^CO^
O •- OS CO CO .-o
W *J
(-®4-**^COC
MCOM^M
J^5^i'^*^i^!^
"^
<
lUvjMC cox
gsgDXCJ'0 4i.cc»;cncDX*^K!cototc — w
C£»C — xo*»-coi^i— U'cnoTtoiococn- cn^-i
ostf*.i-toosoosct^xcccoi*».^*.cosMO»
Picking is progressing finely. The thermometer
77, ranging from 64 to 90.
Hiintsville. Texas.
Picking is active. Rain has fallen on
two days of the week to the extent of one inch and three hundredths. The thermometer has ranged from 64 to 88, averaging 76.
Dallas, Texas. It has rained hard on three days of the
week, interrupting picking and lowering the grade of cotton;
but the amount of damage is greatly exaggerated. The number of bales will probably be as large as ever, but of lower
quality. Average thermometer 75, highest 90, lowest 60.
San Antonio, Texas.— We have had showers on two days
of the week, the precipitation reacliiag twenty-five hundredths of an inch. Picking is active. The thermometer has
averaged 78, the highest being 90 and the lowest 66,
Luling, Texas. There has been one shower the past week
? to the extent of seventy hundredths of an inch. Picking ia
The thermometer has averaged 79, ranging from 68
active.
has averaged
rf*
|S^
MC*
o» H* CO :
K>
en
c: <1 <-
rfk
to
^
Olio CO
(-
'-*
pf».
v!^
x"
:o
fe:
—
a«Oo;
osto-q<
isl
tocsos
cnxM
to 90.
— OS —
W^
^
^Ki
CO to
W
to CO
MCJ'O, rf^COtOCO-^JWOtOtO— 'toes coos C hc;i X X
a OS
o
O-£W»-'*-*Jt0SC-')X*l*JO — WCCCS'CCO
to
to
OS^-CDCO- OcDOto»t>.<T<icocoeoco*-iaicoosc s -^ o t^
•Liaisvilie ttgures "net" in both years.
t Tlirs year ejtiinatod.
(
CO
OS
*
:
The above totals show that the old Interior stocks have
increased during the week 16,397 bales, and are to-night 16,315
bales more than at the same period last year. The receipts a'
the same towns have been 11,919 bales more than the same
week last year, and since Sept, 1 the receipts at all the towns
are d6,309 bales more than for the same time in 1889.
—
Columbia, Texas. Heavy rain on three days of the week
has interrupted picking. The rainfall reached two inches and
two himdredths. The thermometer has ranged from 66 to 86,
averaging 76,
Cuero, Te.vas. Picking is active. It has been showery on
one day of the week, the precipitation reaching eighteen hun-
—
dredths of an inch.
lowest 54.
Average thermometer
72, highest
90,
-
.
SkPTBMVER
Jmnham,
THE CHRONICLK
27, 18V0.J
Te.ra».—\Ve have had showers on two days of the
re«ohiiig ninety-eight hundredtlw of
ek, the rainfull
an
429
India Cotton Mqvemknt
and shipments of cotton at
the week and year, briniriug
BOMBAT BECIlm AJn>
from all Forth.— The
Bombay have been
the figures down to
receipts
an follow* for
>S«pt.
SS3.
Picking is active. The thermometer has averaged 78,
HUTMIirtS fOK WOV* Tl
the higheHt b eing 00 and the lowest 07.
Shipmentt Oil$ week.
aili( Mii«it«» wtnet fan. 1.
Ilttt lp4i.
Belton, Ttjra$. Picking is progressing finely. There has
Tear fhtat OonH- _
Oreal
OohH,
TM*
reaching
the
precipitation
week,
been one shower during the
Totat,
BriCn. noil. "<>""• Britain ncnt.
Wnk. Jm.1.
seven hundredths of an inch. The thermometer has averaged
1890
1,000 1,000 340,000 in:(10(m 1,371.()<I0 3,<MK) I,<4t93,000
74, ranging from 54 to 94.
2,000 304,0<X) 841, (KM), l,2O5.0«M» 5,000 1,1184,000
1889 3,0001
1888 2,000 3,000 5,000 213,000 018.000' 831,0001 3,000. 1,201 ,000
Weatherford, Texas.— li has been showery on one day of 1887
1,000. 1,000 363,0001680.000, l,028.000i T,O0ol 1 4W),000
the week, the rainfall reaching one inch. Picking is active.
According to the foregoing, Bombay appears to show
The thermometer has ranged from Hi to 88, averaging 70.
a decrease compared with last year in the week's receipt* ol
New Orleans, Loxiiaiana. There has been rain on four days 2,000 bales and a decrease in shipments of 1,000 bales, and
of the week, the rainfall reaching fifty-six hundredths of an the shipments since January 1 show an increase at 166,000 balsa.
inch. Average thermometer 80.
The movement at Calcutta, Madras, and other India ports for
Shrevtport Louisiana. The week's precipittaion has been vhe last reported week and since the Ist of January, for two
five indies and seven hundredths.
The thermometer has years, has been as follows. " Other porta " cover Ceylon,
averaged 72, the highest 87 and the U)we8t 61.
Tuticorin. Kurrachee and Coconada,
Colutnhus, Mississtjypi. We have had rain on four days of
Shipment! for Ih e lectk.
Shipment! tinre Janwiry 1.
forty
hunthe week, the rainfall reaching four inches and
dredths. The thermometer has averaged 74, ranging from 63
Oreat
Great
ConH„
Continent.
Total.
li^cii.
—
)
[
,
\
I
I
I
—
—
,
—
1
to 88.
Britain.]
—
,
1
,
J^»'«^-
netit.
Britain.
\
Leland, Mississippi. It has been cloudy and showery all
the week, causing rot in cotton. The rainfall has been one Calcutta
25,000
102,000
127,000
1890
iDch and thirty-nine hundredths.
The thermometer has
34,000
i',oc6
i',006
45,000
79,000
1889
ranged from 59 to 91, averaging 75.
Uadras8,000
60,000
52,000
1,000
1,000
Little Rock. Arkansas.
We are having so much rain that 1890
54,000
8,500
62,500
z,o66
500
3,500
1889
it is causing distress to farmers, as much cotton, ready to pick,
All othersis being knocked out.
Rain has fallen on six days of the
92.000
47,000
139,000
5,000
1,000
6,000
1890
?< nnn
116,000
43,000
week to the extent of two inches and fifty-five hundredths.
The thermometer has ranged from 59 to 78, averaging 68.
Total all—
Helena, Arkansas. Rain has fa!len on five days of the
326.000
1.57,000
2.000
169,000
12,000
7,000
1890
week to the extent of six inches and sixty-five hundredths,
257,500
161,000
96,500
5,000
4,500
16,500
1889
and there are indications of more. Three and one-half inches
The above totals for the week show that the movement from
fell in one hour and a half. Much damage to cotton is claimed.
the ports other than Bombay is 9,500 bales less than the same
Average thermometer 72, liighest 80, lowest 62.
week last year. For the whole of India, therefore, the total
Memphis, Tennessee. The weather has been unfavorable shipments since January
1, 1890, and for the corresponding
during the week, with heavy general rain on five days.
The periods of the two previous years, are as follows:
rainfall reached five inches and ninety-two hundredths.
The
KXFOSTS TO E17ROPE FBOH ALL INDIA..
weather is low cooler but threatening. Rainfall thus far this
month eight inches and forty-eight hundredths the heaviest
1889.
1888.
1890.
Shipments
Sep tember rainfall on record. Picking is suspended, and
This
Sinet
This
Since
This
Since
to alt Europe
there is some rotting of bolls. Still the prospects indicate the
week.
Jon. 1
ipeek.
Jan. 1.
week.
Jan. 1.
from—
4
largest crop ever made in this district. The thermometer has
5,000 831.000
1,000 1,371.000
2,000 1,205,000
Bombay
averaged 71, the highest being 82 and the lowest 60,
Ifashville, Tennessee.
We have had rain on five days of the All otber ports. 7,000 326,000 16,500, 257,500 3,000 199,000
week, the rainfall reaching four inches and fifty-seven hun8,000 1,030,000
Total
8,000 1,697,000 18,5001,462,500
dredths. The thermometer has averaged 69, ranging from 59
tj82.
Alexandria Receipts and Shipments.—Through arrangeMontgomery, Alabama.— Itain has fallen on four days of the ments we have made with Messrs. Davies, Benacni & Co., of
week— very heavy on Wednesday damaging cotton, and the Liverpool and Alexandria, we now receive a weekly cable of
weather is cloudy to-day. The "rainfall reached two inches the movements of cotton at Alexandria, Egypt. The following
and eighty-two hundredths.
Average thermometer 76, are the receipts and shipments for the past week and for the
highest 90 and lowest 67.
ooiresponding week of the previous two years.
—
—
1
i
,
'
—
—
—
—
Mobile. Alabama.— Crop reports are less favorable. Too
rain has interrupted picking and damaged cotton in
quality.
Rain has fallen on five days of the week to the
extent of one inch and eighty hundredths. The thermometer
has ranged from 69 to 88, averaging 78.
Selma, Alabama. There has been rain on four days of the
week, the precipitation reaching one inch and twelve hundredths. Tlie thermometer averged 78, the highest being 89
and the lowest 67.
much
—
—
—
Auburn, Alabama.
Alexandria. Egypt,
September 2-1.
Receipts (cantars*)
This week....
Since Sept. 1.
60,000
107,000
100,000
226,000
This
Since
week. \Sept. 1.
1
1888.
1889.
1890.
30,000
63,000
Sinea
This
Sinet il ThU
week. \Sept. l.|I week. \Sept. 1.
1
1
\
Expo ri» (bales)—
1
li
7.000
9,000 2,000
Telegram not received.
8,000 14,000 6.000
To Liverpool
3,000
1,000
3,000 1,000
3,000,1 1,000
To Continent
Madison, tloiida. It has been showerv on three days of
the week, the rainfall reaehing one inch and fifty-two hun7,000'
10,000
9,000 17,000
12,000|l 3,000
Total Europe
dredths. The thermometer Jias ranged from 70 to 93, aver• A cantar is 98 pounds.
aging 80.
This statement shows that the receipts for the week ending
Columbus, Georgia. We have had rain on two days of the
week the precipitation reaching two inches and thirty-five hun- Sept. 24 were 100,000 cantars and the shipments to all Europ«
9,000 bales.
dredths. Average thermometer 74, highest 86 and lowest 65.
Savannah, Georgia.— We have had'rain on five days of the
Manchester Market. Our report received by cable to-night
week, the rainfall reaching five inches and eighty four hun- from Manchester statesthat the market is firm for both yams
dredths.
The thermometer has averaged 76, the highest and shirtings. The demand for both home trade and foreign
being 86, and the lowest 66.
markets continues good. We give the prices for to-day below,
Augusta, Georgia. We are having too much rain, damaging and leave those for previous weeks of this and last year for
cotton. It rained on five days in the early part of the week, comparison:
the rainfall reacbin<r two inches and twenty-nine hundredths.
1899.
1890.
Picking and mark
.ig are progressing well." The thermometer
has averaged 75, ranging from 60 to 91.
Coten
8I4 lbs.
8^ Ibi.
^i%*- 32» Cop.
32» Cop.
Uid.
Charleston, South Carolina. We have had rain on three
Shirtings.
Twist.
rptdt
days of the week, the rainfall reaching five inches and eightyseven hundredths. The thermometer has ranged from 64 to
d.
d.
».
d.
8.
d.
d.
d.
8.
d.
d.
d. Is. d.
638
#7 2
6»s
86, averaging 76.
8i,fc«8'ig 6
Ae.22'S>3 »8% '6 5 a7 5
#7 2
29 8H! »8% 6 4isai7 3
63ie :8li,»8»,« 6
2";?
Stateburg, South Carolina. It has rained lightly on one
6%
S38 sgoe
5ii?,8i;»«8.'lJ 6
•; 2
6 4«sa7 3
day of the week, the precipitation reaching five hundredths 8ept.5
" 12 838 SSH ,6 iH »7 3
•? 2
5i»ie8>is»8'ie 6
2L''«
of an inch. Average thermometer 72-6, highest 83'4, lowest
5'.»,*3l„»89,g 6
6%
»7 2
" 19 8% aSH 6 41a »7 3
»7 2
" 26 838 tS^B <6 41s «7 3
«»\S
5>»,« 8l,«'»89,« 16
60-6,
Wilson, North Carolina.— Telegr&m not received.
for
demand
JtJTE BxjTTS, Bagging, &c.— Although the
The following statement we have also recei'ved by telegraph,
showing the height of the rivers at the points named at 3 bagging is generally for small lots, the market has been quite
o'clock September 25, 1890, and September 26, 1889.
active during the week under review, and in the aggregate a
considerable amount of stock has been moved. Prices, howSept. 25, 90. Sept. 26, 'Sg.
—
—
—
I
—
I
—
New Orleans
MempblB
Kashville
Bhreveport
VicksburK
Note.— Reports
Above
Above
Above
Above
Above
are
••
low-^water
mark
low-water
low-water
low-water
low-wafer
luarb .
now made
in
mark.
marb.
I
I
I
Feet.
Feet.
4-5
14-7
8-2
3-8
4
14-8
mark
feet and tenths.
.
I
7-7
6-2
16-9
Missiuf;.
ever, continue about as last quoted, viz,: 5*8C. for 1^ Ibe.,
1% lbs., ejgc. for 2 lbs. and 75gC. for standard grades.
The market is very quiet for jute butts at former prices.
6>^c. for
Quotations to-night are IJ^o. for paper grades and Sc. for
bagging quality.
..
—
.
.
.
..
THE CHRONICLK
430
Exports of Cotton Goods prom Great Britain.— Below
the exports of cotton yarn, goods, &c., from Great
Britain for the month of August and since October 1 in
18S9-90 and 1888-89, as compiled by us from the British Board
we give
of Trade returns.
the
movement
will be noticed that
It
all to
we have reduced
pounds.
lotal of AU.
iamAlhread.
OOOi omitted.
1889-90.
'89-90.
Lbt.
ra*.
Lbs.
I
October
November...
December...
Tot.lBtquar.
January
February
89-90. 1888-9.
Tds.
468,587
435,840
398.699
Lb$
Lbt.
74.e88
83.039
97,929
Lbs.
109.049
75,443
78.848
99,857
100.285
60.811
1888-9.
Lbs.
23.247
26.010
42:<.44e
23,914
22.037
487.768,
20.308
28.176
395.834
71,580
60,119
93,758
87,469
70,283 1.247,048 1.297.068 819,936|832.867
287,403
303,090
23.611
83,111
24.421
21.567
21.214
26.009
413.715
447,120
356,192
I
March
1888-9.
TotalSdqr..! 69.246
468.4,So
82.793
86.570
108.8C'8
292,5531
301,535
463.715
579,95S
t'04,«8S
"
"
"
"
"
17...
,356
M»J
85.675
21.130
22,9E6|
470.674
112,011^
20.622,
391.698
489.838
346.230
75.809
Jnoe
61.064
93,001
98,765
81,686
Tot. Sd guar.
89,82S
85.964 1.273.771 I.197.157;233.720 211,139
303,543
277,103
Annmat
22.1271
88.5)17
8.802.131678,
450.219
4^.896
64,,151
.935
874.851
883,501
79,404
106,071
73.506
Btocklaga and aocka.
Btmdry articles
Total exporta of cotton mannfactnrea.
107.502
95.633
1.787
22,7Si
21.358
2.084
of manufactured cotton, against 1,103,739,000 lbs. last year, or
an increase of 17,854,000 lbs.
Co.'s report,
From all quarters the reports are now satisf jctorr, and with season
able weather henceforward we would look for a good yield again. A
great deal, however, depends on the character of the September raina,
and we must wait another six weeks at least before we can speak with
any confidence regarding the out-turn of even the earliest growtlia.
The following
is
19...
20...
21...
" 22...
"
" 21...
S.
S.
from the Bombay Prices Current of
like
date:
Ealn was generally absent from the cotton area during the latter half
of last week, and in ihose places where any had fdlkn, only a few cints
in some cases, and 'ess ihun an inch in o'.hers. h id b( eu register' d: but
the only districts where it was much needed were Sholapore. Bellartand Hubli, cotton sowing not having commenced in the last-named
district, owing to its continued absence. In the Bengal circle the crop
was in a flourishing condition, and the pl.ints were in flower at Agra, e»
they were also in the Khargaum, Dhulia and Julgaum distiicts of the
Oomra circle; ihe flowering being advanced in some fleUs, and the
plants showing bolls. At Broach also the weather was se»'onable, and
the plants were In flower. From the Dholleia circle the telegraphic
reports to hand at the beginning of the week were favorable on the
whole, rain having been general over the Bhowi.ugger district, and the
plants flourisliing in oth( rs, though still wanting more rain at Wad wan.
At DhoUera itself the cotton crop was being re sown iu p»rts of the
district. The telegrams n eeivcd to-day report no change in prospects,
which eontinned generally favorable. An inch of rain had fallen in the
Broach iiistrict, wh. re line weather is now needed for the cotton plants:
while the absence of rain in the Hubli district of the Dharwar circle
wts causing anxitty.
Comparative Port Receipts and Daily
Crop Movement.
—A comparison of the port movement by weeks
not accurate
is
as the weeks ia different yeais do not end on the same day of
the month.
have consequently added to our other standing
tables a daily and montiily statement, that the reader mav
constantly have before him the data for seeing the exact relative
rnovement for the years named. The monthly movements
since Sept. 1, 1889, and in previous years, have been as follows:
We
Tear Beginning September
Receipts.
1888.
1887.
1
1886.
April....
May
Jane
July
August
.
Correct'n
410,044
213,697
110,053
57,362
25,191
13,715
63,110
556
461,201
330,510
166,571
311,274
225,042
128,721
131,198
72,438
50,009
82,364
27,516
66,31i)
18,102
19,306
38,388
1,460
404,272
258,332
89,186
47,426
17,618
14,884
61,210
34,467
5,675
9,155
10,1«1
S.
11,933
14,865
9,761
12,087
13,168
14,407
S.
35,447
8.
16,633
13,835
13,182
12,536
17,598
14,257
S.
36,631
17.098
21,079
14,846
18,778
22,393
20,651
25,860
28,856
36,024
33,782
8.
23,011
17,284
17,879
16,951
25,491
20,378
30,599
50,387
438,871
260,790
498,906
253,511
295,813
08-90
04-76
05-50
8.
.
.
8.
07-47
01-70
I
This statement shows that the receipts since Sept. 1 up to
to-night are now 147.537 bales more than they were to the same
day of the month in 1889 and 325,668 bales more than they
were to the same day of the month in 1888. We add to the
table the percentaaes of total port receipts which had been
received to September 36 in each of the years named.
The hiXPORTS op Cotton from New York this week show a
decrease compared with last vreek, the total reaching 14,473
bales, against 23,939 bales last week.
Below we give our
usual table, showing the exports of cotton from New York,
and the direction, for each of the last four weeks; also the
total exports and direction since Sept. 1, 1890, and in the last
column the total for the same period of the previous year.
EXPORTS OF COnON (BALES) FROM NEW YORK SINCE SEPT. 1, 1890.
Week Ending—
Same
Exported to—
Se^t.
Sept.
tr-
11.
11,465 18,169 14,067
Liverpool
Tot. to Gt. Bkit^. 11,465 18,269 14,067
ToTAi.
French
year.
49,276
£00
300
9,423
49,576
58,765
500
eoo
4,830
Havre
Other French ports..
period
previout
Sept. 1.
9,223
100
Other British ports..
Total
linee
Sept.
25.
58,765
I
500
500
4,836
1.300
2,7C0
3,850
3,400
....
Bremen
200
2,350
1,417
550
1,91.7
3,809
1,097
4,048
Tot. TO No. Europe
200 1,497
4,550
9,247
8,954
8p'n,Op'to, Gibr., &c.
All other
4,325
Hamburg
700
Other ports
"561 "ibo
Total Spain, &c..
Grand Total
100
50^
4,325
"eii
50
150
4,375
4,475
611
63,798
73,166
11,515 18.569 22,939 14,473
The Following are the Uross Receipts of Cotton at
Sew York, Boston, Philadelphia and Baltimore for the past
ireek,
and since September
1,
1890.
PHILADKLPH'A
Boston.
BALTIUOBE.
HtCtipU
1.
1885.
1
Thit
week.
1884.
Bept'mb'r 561,710 332,017 654.776 359,203 385,642 345.445
October.. 1,325,358 1,133,016 1,213,404 1,034,450 1,055,524 1,090,388
Novemb'r 1,257,520 1,159,063 1,178,436 1,169,979 1,093,552 1.122.164
Decemb'r 1,116,928 1,103,713 963,584 ]l, 164,880 1,069.9201. 101.211
January
700,909 718.091 527,570 644,681
543,393 475,757
February
March. ..
7.S3»
S.
8.
S.
10,390
8,634
8,660
7,356
11,835
10,959
6,34,<!
21,837
22,859
19,262
21,163;
Total
536,458
Percentage of total
portreo'pt«8ept.26
from—
1889.
S.
22,181
23,207
18,159
17,343
18,522
25,422
B.
6;314
5,675
4,910
5,870
6,205
6,983
lli,629
19,446
15,010
13,737
15,502
18,568
19,300
8.
NIW 70RK.
Monlhlj/
8.
12,538
7,498
6,71
6,285
8,159
7,414
1885.
2,792
3,281
5,690
7,089
13,928
13,195
12,392
14,543
19,840
8.
38,117
36,550
1886.
5,810
9,679
10,739
7,650
5,806
6,509
6,?25
8,265
5,414
S.
49,495
34,154
29,389
30,669
35,983
23...
12,083
10,159
7,395
10,813
11,174
12,73S
27,829
26,431
19,001
22,282
25,616
28,176
S.
1887
4,069
10:^,936
1.121,593 1,103.739
&
18...
" 25...
" 26...
The foregoing shows that there has been exported from the
United Kingdom during the eleven months 1,131,593,000 lbs.
East India Crop.— Messrs. Gaddum, Bythell
dated Bombay, August 29, said:
36,189
30,572
25,123
27,566
26,661
31 832
1888.
S.
20,533
13,846
13,981
15,281
16,620
15,186
S.
" 15...
16...
06,652
45-!,626
" 12...
" 13..
" 14...
"
98,528
i7,673
20,026
19,927
21,787
18,957
25,597
" 11..
93,588
74,266
B.
" 9..
" 10..
99,801
1889.
16,685
16,424
15,798
13,546
16,107
15,998
7.8..
90,522
421.089
23.5''2
6..
106.461
411.499
21.980
5..
"
"
"
71.965
88,386
Jnly
4..
"
76,090
83,018
S, 7S7.S40
3..
"
,040
Amii
208.674
"
,911
Total 8 moa. 1138,715 140,910 2.464,069 2.«04.974
TotaI9mos..
1890.
Sep. 1..
" 2..
431.42*
408.044
0.687 1.217,027 1.307.90!- 223.307 230.848
[VoT. LI
411.656
2b3,646
202,866
133,147!
84,715
45.947
59.235
31,444
261,449
163,503
103.376
35.575
11,855
10,194
39,099
13.187
Total .... 5,876,153 5,517,757 5,602,632 5,320,624 5,396,686 4.776.199
Pero'tageof tot. port
receipts Aug. 31
99-97
99-51
99-35
99-36
99-72
C003
00-49
Total port receipts. 100 -00
10000
100-00
10000
100-00
1
R.Orleana.
Since
Tkis
Sept.l.
uweJt.
j
!
3.115
14.i93!
1C.203
7.132
43,434
29,621
S71
586
Jo. Carol'a.
4,495
13.497
So.Carol'a.
Virginia. ..
«orthn pta
r«nn., &c..
639
1.149
5,017
10
159
razaa
lavanDab
Hinct
Sept.
1.
8.068
6,8"6
10.888
1.031
12
167
73o
3,070
7
1,031
6,708
10
37.171
113.746]
6,176
44,859
U0,«26'
6.150
Thit
wetk.
Since
Sept. 1
711
1,831
Since
Sept.1.
3,199
Uoblle
norida
fordgn....
Thliraai
Last jear
.
8
8
1.421
8,845
230
587
230
11.9-9
656
i.568
2,660
5,862
11.611
227
264
4,852
6,936
—
Shipping News. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
58,893 bales. So far as the Southern ports are concerned, these
we the same exports reported by telegraph and published in
With regard to New York we
the Chronicle last Friday.
include the manifests of all vessels cleared up to Thuraiiay.
'
This statement shows that up to Aug. 31 the receipts
at the ports this year were 338,396 bales more than in
1888-f 9 and 273,521 bales more than at the same time in 1887-88.
The receipts since Sept. 1, 1890, and for the corresponding
period of the five previous years have been as follows:
This
week.
New York—To Liverpool, per steamers
1,526
Total oatf.
Aurania, 787
Both-
Britannic, 958. ...City of Berlin, 1,534 ...
City of Rome, 899 ...Ptolemy, 1,142. ...Spain, 1,200....
Wisconsin, 1,177
To Hull, per steamer Butfalo, 200
nia,
..
Ta Havre, per steamer La Normandic, 500
To Bremen, per steamers Ems, 450....Traye, 850
9,223
200
5t0
1,800
.
Septkmbek
Total bale:
To HuiiilMirg, per gteamors Moravln, l,P00....Bhaetla, 800.
To Antwerp, iier steamer Rliynli»n<l, 5>0
N»w Oui.BANS—To Liverpool, per ateaniers Auatrallun, 1,207
I'r..fi-««or, (!,4HS
To BiiMuen, per steamor Clielydra, 6,400
To Hanilinrjr, iior steamer Saxonla, 1,000
Galvkstos— To Uvorpool, per dteamer Laurestlna, 1,617
BAVANNAii— To Bremen, per steamer Trojiin, 4,600
WiL.MiN(iTON— To Mvorpool, porstoamor IMcton, 7,45!)
Norfolk— To Liverpool, per steamer Flow,.ritate, 4,925
CataBoston— To Mvi-rpool, per steamers BHlgariao, 500
—
lonia, 1,051. ...Koniun. l.45.%
To Hallfaic. persteamur Hiilirux,
40
To Yarmouth, per steamer YarmoutU,
2,700
550
3,006
10
1
711
663
300
5S,s93
•
rhe particulars of these shipments, arranged in our usual
form, are aa follows:
_ ,
Bahfax
Bremen
d Bam- Ant- <t TarUterBuU. Batre. bara. vierv. moutK. Total.
voot.
14,173
550
500 1,000
200
New Tork
9,223
.
10,695
1,617
>•
>••••
•••>•*
7t'*UU
18.095
1,017
4,600
7,159
1.925
3,047
1,877
••••••
1,600
Bavaunah
Wllmlnt,t'n
7,4."i9
1,925
3,006
11
963
711
500 16,063
2C0
40.639
Total
41
550
53,893
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
Galveston—To Llveriwol— Sept. 20— Steamers Hempstead, 5,735; Ixia
Sept. 22-Steamer Knutstord, 7,500.
4,7S5
NEW ORLEANS—To Llvenwol-Sept. 19 -Steamers Author, 3,044; TjoUo
Brahe, 2,647
BATANNAH—To
Sept.
23— Steamers
Liverpool-Sept.
Satiiralna,
;
20— Steamer San Juan,
The opening, highest, lowest and cUxiing prloea of futorat at
Jverpool for each day are given below. PricM are oa th«
b Kisof Qplaods, Lov MlldliaKcUiWd. anl«MottMrfriMiit»t«<l.
6,400
1,000
1,617
1,800
7.489
1,925
1
Tot»l
431
10,<^05
Baltimork— fo Lfvcrpool, per steamer Alexander Elder, 714..
To Bremen, per stoanuT Stuttgari, 063
To Hamburg, per stoamer Slavuula, 300.......
Norfolk
Boston
Baltimore
.
THE CHRONICLF.
37, 1890.1
N.Orleans
Galveston.
.
.
..
Statesman.
5,024.
To Bremen-Sept, 20— Steamer Europ.i, 3.e97.
To Barcelona— ept. 25— Steamer EoxbiirgU Castle. 5,400.
Charleston— To Barcelona— Sept. 23 -Stepmer Royal Welsh,
Wilmington— To Liverpool -Sept. 23-Steamer Carn Brae, 5,372....
Sept. 24- Steamer Amoor, 5,400.
To Bremen- Sept. 25-Steamer Camlola,
Norfolk—To Liverpool— Sept. 20— Steamer Stanmore, 4,726 ...Sept.
»•..
Sat., l>e»t.'JO.
0pm
Open\uith Low. CUh.
i.
<L
d.
Ssptembw.. 544
S«pt..Oot... S41
6 41
October
O0I..N0T.... 588
Nov..Dec... S38
646 644
6 4Z 641
B«2 641
53» 638
838 6 37
838 8 37
ft37
De«..Jan.
J»n..Feb.... 687638
. .
0pm
A.
d.
6 41
8 39
5 40
638
639
6 41
8 37
m
643
sia' 646
Tbnra., Sept.
>i4.
Olo*. ,Open
6 47
5 11
5 11
618
613
512
8 43
538
5 39
.NoT..Deo... 8 37
5 37
638
Dec
638
5 37 838
8 37 538
5 87
5 33
5 37
680 6 51 880 8 61
844 643 644
5 43 5 41 8 43 644
5 10 5 41 840 8 41
5 3S 510 8 39 6 40
6 39 6 40 5 39 640
638
6 89
6 40
5 39
538
5 39
5 40
540 841
8 41 643
613 816
818 517
8 47 819
5 40
Mch..Apm.. 5 40 5 40 8S9
Aprtl-May.. 5 42
May.Jane... 514
June-July... 5 4S
513
5 43 811
646 546 516
5 41
5 48
5 44
6U
d.
d.
d.
8 41
6 43
d.
643
8 48
645 647
8 47 849
i
Om.
A
4.
• 47
6 48
8 39
*W
6U 6«
639 6W
638
638
638
8S»
668
638
838
689
6 41 810
63S
638
63*
689
6 43
6M
643
644
644
6 43
646 644
647 64«
Fri.. M«pt.
'
6 40
6 41
£»w.
6 47
6 43
H(«h Lour. ClM.' 'opm Bioh
Septsmber.. 647 6 48
9ept..0ot... 8 43 842
October
643 6
0ct..N0T.... 6 39 6 39
5 39
6 47
'tS,
««•
Feb.-March. 8 39
6 47
639
6 37 6 37 8 87
538
587 6 37 8 87 688
6 37 637 687
6*8
6 39 638 639! 619
610 639 640 840
613 6 41 643 643
6U 643 644, 6U
646 646 646 640
d.
Jan....
Jan.-Feb....
d.
6tf 648
6 43
<«•
a
4.
638 638 838 838
843 6 43
BiQh Low.
d.
6 43
6 41
837
Wed., Sept.
»pm a*^
Otofc'
d.
616 640 646 64a
6 43 641 6U
6 87
6 44
6 46
Tam„ (Myt. M«
1
6 41
6.38
8 39
646 646
<L
838
838
638
Hl«k 0>w.
«.
646
643
643
539
6 87
r«b.-Marah. 638 68»
Mch.-Aprll.. 5 S» 8 40
Aprll-Msy.. 6 48 8 42
May.June... 6441844
Juns.Jaly..
d.
H»»l. 43.
99.
W
d.
Oloa
4.
4.
60-1
660 648
646 546 643
646 646 6U
6 41 6 42 611
840 641 8 40
610 6 41 640
8 41 611 640
612 613 641
511 644 643
515 64« 516
617 648 617
619 660 619
6
64S
hU
644
6 41
640
610
640
643
848
644
6 47
649
1
.
BREADSTUFF S.
.
22— Steamer Bendo, 9.711.
West point— To Liverpool- Sept. 23— Steamer Riiskin, 6,592.
Boston- To Liverpool -Sept. 23— Steamer Bostouian,
To Halifax— Sept. 20— Steamer Halifax, 50.
To Y"annoutU-Sept. 22— Ste.imer Yarmouth. 2.
Baltimore- To Liverpool—Sept. 23— Steamer OartUagiulan,
.
.
To Havre- Sept. '22 -Steamer Urbino, e.^iO.
Philadelphia- To Liverpool—Sept. 23 -Steamer British Priuocss,
Octton freights the past week have been as follows:
Uon.
Satur.
I
Wedncs.
Tuti.
.
rn.
Tkurt,
Liverpool, steam d.
Do
'32
late dellv'y.ii.
Havre, steam
Do
Slew's
the export business vras light. To-day the sp-culation was
dull ; a leading operator was a seller, owing to a freer movement in the Northwest, and found little inquiry from buyers,
but later in the day a report (not c jnfirmed) that a large business had been done for export caused a brisk recovery in
38
e.
Indirect .e.
Hamburg,
Do via
steam.e.
38®'l6
Indlrect.e.
Do
10*
10'
Ajnst'd'm, steam. e.
10*
40*
40*
14*93;,
l4®»3.
J4®»32
40*
values.
indirect., d.
Eievitl,
Do
steam
d.
sail
d.
>4®93S
Baroelona.steam d.
Genoa, steam .. .d.
Trieste, steam... d.
Antwerp, steam d.
•
6jj®S8
e.
Bremen, steam
Do
tH Siea^
e.
sail
Per 100
M
H
>4
H
H
lbs.
Liverpool.— By cable from Liverpool we have the following
statement of the week's
Fridat, September 26, 1890.
for wheat flour was dull and prices favored
buyers, especially in the meiiim and better grades, until
yesterday, when valufs became steadier, and some of the low
shipping grades were in better demand. Rye flour was flrm,
The season for buckbut corn meal rather favored buyers,
wheat flour opened at |;3'80@.f3 per 100 lbs. To day the
whole market for flour and meal was very dull.
The wheat market has been feverish, variable in prices a'ld
quite unsettled in tone. Some depression was caused by increased receipts at Northwestern points and reports by cable
giving little ground for the assumption th^t the crops in
Euri-pe are dettcient in quantity. There his been more doing
on the spot and choice samples brought extreme prices, but
The market
sales, stocks, &c., at that port.
OAILT OLOSIMO PRIOBS OF HO. 2 BBD WmTBB WHIAT
Thur$.
Bon.
Tutt. Wed.
Sol.
lom 101 sg
102'4
101
lOSia
October delivery
o. 102
December delivery
lOo^g lOl^i 103% 103\ 101
o. 1047g
....
101\
January delivery
107
105
o
llOi* 10S»»8 107^8 108% 109%
May deUvery
o. 109<4
Indian corn has fluctuated within narrow limits. The export demand has been very good, serving to support prices,
and the close is steady.
DAILT OLOSINO PBIOES OF NO. 2 MIXED OORN.
FH
Thuri.
Wed.
Tuet.
Bon.
Sat.
October delivery
Sept. 5,
Bales of the
week
bales
Of which exporters took
Of which speonlatora took.
Bales American...
.
Actual export
Forwarded
Total Btoc!:—Estimated
Of which American— Estlm'd
Total Import of the week......
Of which American
Amonnt
47,000
2,000
afloat
Of which American
46,006
4,000
46,000
624,000
283,000
26,000
7,000
60,000
35,000
Sept. 12.
50,000
3,000
1,000
40,000
2,000
56,000
586,000
2S0,000
21,000
16,000
90,000
70.000
Sept. 19,
51,000
5,000
2,<i00i
41,000
3,000
55,000
549,000
213,000
21,000
11,000
145,000
130,000
Sept. 26,
55,000
4,000
3,000
10,000
4,000
56,000
572,000
237,000
82.000
69,000
145,000
130,000
The tone of the Liverpool market for spots and futures each
day of the week ending Sept. 19, and the daily closing pricee
of spot cotton,
have been as follows:
MonOay. Tuetday. Wtdnet, Thund^y.
Spot.
Market,
1:15
P.
M.
)
Firmer.
]
Mld.Upl'd8.
Bales
Spec.
Steady.
A exp.
6,000
500
Quiet and
firm.
»>»1S
6l8,g
10,000
1,500
8,000
1,0:0
rirm.
rirm.
Friday.
Fully
matnt'ned
5W,e
10,000
1,500
10,000
1,000
o.
November delivery
December delivery
May
o.
o.
..o.
delivery
Market, )
1:15 P. M.)
Market,
IP. M.
1.84 ad.
Steady at
600
Steady at Steady
l-ti deollne.
Qolet.
vanoe.
Steady.
Steady.
Qnlat.
Steady.
Barely
steady.
55%
55%
56%
54»9
54»8
54'8
51%
Si's
561a
56
55'fl
55>«
55>«
64''8
56%
To-dav supplies for
feature.
prompt delivery were small, and for these the market was
firmer but otherwise dull,
DAILT OLOSraO PRICES OF HO. 2 HIXID OATS
Wed. Thurt.
Tuu.
Hon.
Sat.
14
44%
44%
44%
October delivery
c. 43%
November
dellvety
c.
o.
Maydelivory
Rve very
41%
46%
43"8
45%
Barley steady
flrm.
;
44%
46%
44%
16%
44%
16%
fri.
11%
11%
16%
choice Canadian sold to-day
at 95c.
The foUowing are closing quotations for wheat flour in
barrels. (Corresponding grades in sacks sell slightly below
these flgures):
Fine
Bnperflne
Extra, No. 2
Extra, No. 1
Clears
Biralghte
Patent, spring
9
bbl.?2 709*3 35
3 359 3 85
3 85» 4 15
4 35»175
96 50»$5
Patent, winter
Cltyshlpplng, extras. 190* 5
3 50» 3
superfine..
floor,
Rye
2 50» 3
;.
tine
475«500 Com meal—
520a 510
5
Wheat-
ai
l.«4ad.
ranoe.
1.84®2-fl4
Finn.
Quiet.
advance.
Red winter No. 2
Red winter
65» 6 00
White
0.
e.
100
el 15
»102
92 »105
95 9105
101
.
.
.
weetem, per bush. 68
State and Jersey . 68
Barley, Western.... . 78
.
)
5514
55%
Oats were without _,.v
Spring, per bnsh.
at
56'«
55!>8
56
57
Western, 40
Brandywlne
70
10
90
00
« -. _ 3 00
? Z5S
3 20»
8,000
tuturet.
Steady
55%
55 «
55%
«
•
•
72
71
85
Oom, per bush.—
<>*. •
West'n mixed
West'n mixed No.S. 95 %•
Western yellow.... 55 •
50 •
Weatem white
Oats -Mixed..* b«. 12 •
White
No. 2mlxed
No. 2 white
43
•
5S^
50
57
58
1«
52
44%» 45%
45 • 4«
.
t
.
*
THE CHRONICLR
432
The movement
of breadstuffs to market
is
indicated in the
ttatement below, prepared by us from the figures of tbe New
Fork Produce Exchange. We first give the receipts at West
em lake and river ports, arranged so as to present the com
parative movement for the week ending Sept. 20, 1890, anr
since Au^^ust I, for each of the last three vears:
StutpU
BMi.iaeU)
Buth.80a.»
78.617
333.387
1)3,525
11.171
718.4:10
68,374
929.0S0
Obloaco
Ifnwaakee.
Dnlntli
Ulnneapolls.
Toledo
.
(Sereland.
BbLonls....
Paoria
.
Tot.wk.
Corn.
Oa'r.
Barlty
BathMm
Biuh.3i lb
Bu«)>.4Kif
Whtat.
Flour.
at-
Drtrolt..
:
1,S«0
96.901
2.775
7.9-6
77.975
1,353.587
7.520
41,000
132.179
10.178
18.900
156.405
7.368
4i%432
45,800
161,590
188.600
401,001
—
itii
62.510
515,108
556,030
1890.
New York to
27.000
....
Week. -Since Jan.
141
Oreat Britain
China. .....r.... .........
India
9.759
7.150
40.018
50,400
'90.
231,0.',5
2.813.378
i, 199,610
247,688
275,075
3.289.968
2,458,683
2.805,440
2.055,737
Bame Kk.'89.
Same wt.'SS.
1,651,080
2,974,645
2,864.691
2,745,173
60S.412
776.251
7,150
2.233
4,288
90,449
48,302
1,964
1,!132
102,723
45,235
6,521
138,751
3,896
147,958
Airloa
West Indies
.... ..............
.
110.813
16H.253
219.113
Central America.............
South America
...........
•
166
60
56
49i
299
49
166
314
28
367
250
....
&,rabla
Mexico
Week. Since Jan. 1.
1.
4,571
1,409
32,740
2,348
7,487
4,305
10,589
1,409
3,582
19,397
2,112
1-28
7,033
25.3J7
1889.
Sept. 23.
,...
60.800
239.278
20.000
27.658
8,275
1.946.901
and there was a limited call for cloakings and stockinets. Soft
wool and wo sted dress goods continued in fair request and
firm in price, and there was a moderate business in flannels,
b'ankets, carpets, shawls and wool skirts.
LtoMESTio Cotton Goods. The exports of cotton goods
from this port for the week ending S3pt. 23 were 2,233
packages, valued at f 131,006, their destination being to the
points specified in the table below:
Rv.
Bu. se
rvoL. LI.
Other countries. ...... .......
7,296
1,415
32,203
4.191
4,365
3,690
10,815
3,038
4,831
28,647
2,231
"ico
2
207
136
495
683
59
aiinuAut.l.
1890
1889
1888
],8;0.5S3
1,521,381
15,768 351
17.898.192
17,828,947
3,036 050
2-^.440,017
23,342,991
1,743,785
l,"" 08,427
23.925,f>19
18.281.778
16.667.839
839 487
991,899
1,990.048
1.253.701
15,317,035
The exports from the several seaboard ports ror tnt- wt^tending Sept. 30, 1890, are shown in the annexed statement:
Jlxportt
from—
WTieai.
Com.
BUKh.
39,385
Bu'h.
279.085
50,250
Bblt.
49,336
45,000
32,000
227,541
49,300
26.270
12,072
14,666
10,309
39,898
817
KewYork
Boston...
Portland.
Montreal.
PWladsl.
Baltim're
N. Orl'ns.
N.News..
riour.
69,752
28,999
Oalt.
Buth.
5,525
Ryt.
Peat.
Buih.
Buth.
8,687
Blolim'd
Tot. week.
165,721
656,383
152,576
5,750
468,960 1,411,376
197.993
113,411
J
3.000
B'me time
1889...
8,000
Total
From New England
The value of the
4,313
225
Total
China, via Vancouver
21,683
mill points direct.
New York exports since January 1 have
been f 5,081,035 in 1890, against $6,171,496 in 1889.
There was a fairly g ;od demand for brown sheetings and
drills by exporters and converters, and brands spscially
adapted for the requirements of buyers of this class are in
meagre supply and tirm. Bleached shirt ngs were in irregular demand, with most relative activity in the medium grades.
Fine fancy woven shirtings, domets and cheviots continued
in pretty good demand by the manufaetu ing trades, and
there was a moderate business in colored cottons as denims,
ticks, fancy ducks, checks, cottonades, &c.
Printed calicoes
were less active, but very fair orders were placed for spring
"wash" fabrics, as zephyrs, dress ginghams, &c., and white
goods continued active. Piintg cloths continued quiet and
unchanged.
The visible supply of
grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by water, Sept. 30, 1890:
In store
atr-
NewYork
Do afloat.
Albany...
Bnffalo
Chloago
MUwaukee
Dalath
Toledo
Detroit
Oswego
Bt.
Louis
Do
i
float...,
Clnelnnau
Boston
Toronto
Montreal.........
PUladelplila
Peoria.
Indianapolis
Baltimore
Mln neaiK»lls
St Paul
On Mississippi...
On Lakes...
On canal & river.
WKeal,
bnah,
1,618,471
Com,
Oatt,
Rye,
bu»K.
butth.
biigh,
316.496 1,134,075
83.200
53,200 125.000
973,197
503,273 126.630
4,820,137 2,818,053 1.001,391
2r9.982
!,406
2 037
906,910
171
1,4' 8,065
218.581
40,207
529,860
5,2^3
58,717
45,000
50,000
2,616,375
31«,548 279,986
111,000
18,600
38,' 00
42.000
2,060
288,516
92,147
49,987
3,'-31
70.285
'ii.iii
33,779
248.411
208,342 167,954
1,227
135,879 204.610
251,600
2,200
12..500
l,ri6,431
69,067
60,529
2,042,870
2,939
101,000
18
2,270
48.996
224.253 2,099,887 708,922
288,000 1,170,300
32,600
15,999
Barter ,
buir.
461
Slock of Print Ototht—
Held by Providence mannf'ers
Fall River manufacturers
Pro vldence speculators
Outside speculators (est)
118,000
1889.
Sept. 21.
473,000
268,000
None.
10,000
20?,000
15,000
None.
6,000
751,000
229,000
Total stock (pieces)
1888.
SepL i2.
9,000
7,000
Nona.
None.
16,000
'i"',6o6
"i.hoo
20,966
331,647
78,818
1^2,603
170,711
291,338
FoiEiGN Dry Goods.— Imported fabrics were mostly quiet
at first hands, buyers having seemingly gauged their purchas'S by pressing requirements. The j jbbing trade in British and Continental go ds was of fair propoitions for the
22,460
time of year, but decidedly less active ihau a short lime ago.
Staple goods ruled firm in price, but there was rather more
disposition on the part of holders to grant price concessions
on such fabrics as are subj ct to the mutations of fashion in
27,565
3,812
145,0(1
18,690
2,000
4,079
3i',6fO
175
4fi,720
2,99}
£0,553
'8,568
i',853
400
order to reduce accumulations.
Importations of Drr Goods.
3
i
2,837
g
Silk
Flax
Wool
Mlscellan
Cotton
o
p
...
..
8,500
351.117
94,900
THE DRY GOODS TRADE.
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Tot. Sept. 20."90 17.640,139 8.506,835 4,179,747
539,905 1,314,470
.uc-^uu
Tot. Sejit 13.90. 17,569,729 8.1"0,639 3,999, l-!6
698 302 823,420
Tot. Sept. 21.'89. 1 7.196,572 12.662,727 5.928,570 1,132,*- 95
474,832
Tot Sept. 22,'»8. 31,011,175 9,960,609 5,927 9"9 679,974 2&t>,452
Tot. Sept. 24,'87. 30.162,»08 7,258,<i03 4,854,2 9
301,277 956,636
NKW YORK,
1890.
Sept. 20.
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TO
At first hands the demand for seasonable goods was only
moderate the past week, owing partly to the continuation of
Hebrew holidajs, which kepf a l-irge and influential class of
buyers out of the markft. The demaiid by personal s leciioti
was less active than in preceding weeks, and there was a
C[mte considerable shrinkage in the number of re-orders from
interior markets, although accounts from the most important
distributing points in the West, Southwest and South in regard
to the progress of the fall trade were fairly satisfactory, Spe
cialties in spring goods, as woven ' wash" (^ress fabrics, fin.
white goods, " fsst blacks," fancy cotton dress goods, summer underwear, dto., continuf d in steady demand (for futurt
delivery), and orders were placed with a degree of liberality
denoting ample confidence iu the trade outlook. Business ii
jobbing circles was fair under the circum- tances, but by n>
means as active as a short time ago.
Domestic Woolen Goods.— The market for mens,' weai
woolens was tame and uniiterestirg as generally expecter
one of the strictest of Hebrew holidays having caused man}
buyers to hold aloof from the market. For heavy cassimeree
worsted suitings and ov. rcoaiings there
as a moJernt.
re-oider demand by mail and wire, but personal selection
averaged light. Light weight worsted fuitings and trouser
ings were in fair request, and leading makes are so largeh
sold ahead by the commisBir n houses that they have been con
pelUd to withdraw many samples from the market. Sprit)
casf imeres were in light request, aside from medium grade
in which there was a e-lighly improved business in som
quarters. Satinets and dofskin-j ans ruled quiet and steady
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