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HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL.
SATURDAY, SEPTEMBER
49.
28.
NO.
18S9.
In consequence of a decline in clearings at New York of over
thirty-eight milUons of dollars wholly the result of a falling;
off in tp(culation at the Stock Exchange the aggregate of exchanges for tlie week ending September 21 exhibits a loss from
the preceding week of $24,163,896. The gain outeide of NewYork, which reaches $14,100,067, is shared in by a majority of
the cities, but the greater part of it is at Philadelphia. Stock
operations in Boston show a decided decrease, both when compared with the previous week and the similar period of 1888.
—
%lxz Chvcruiclc.
Terms of Subscription— Payable in Adrance
1,266.
:
—
One Year (InoladlnK postage)
$10 20
do.
For Sii: Months
6 10
Enropean Sulisorlptlon (inolaaingpoataee)
11 28
Europoau Sulisorlption Six Months (inclurting postage)...
6 64
Annual subscription In Loudon (IncludiuK poslagti)
*2 78.
During the week of last year with which comparison is now
do
do
do
£1 88,
Six Mos.
These prices Include the Investors' Sdpplement, of 150 pages made the dealings in share properties at New York were of
Issued onoe in two months, and furnished without extra charge to much heavier volume than in the current year.
As a result
Buoeoribers of the Chkonicle.
the clearings at this city record a decline
A file cover ts furnished at 50 cents; postage on the same Is 18 of this 13 per cent, and although the aggregate for from a year
ago of
all the otlier
eats. Volumes bound for subscribers at $1 00.
clearing houses exhibits a gain of 7'0 per cent there U a loss ia
Subscriptions will be continued until definitely ordered stopped. The the whole country of 6'() per cent
However, eliminating
pcibllshers cannot be responsible for remittances unless made by drafts
share transactions from the New York total in each year, we
or Post Office money orders.
find that the clearings at New Yark due to other business this
Iiondon Aeents
year are in excess by 27-8 per cent. Important percentages of
HeSBTS. Edwards & Smith, 1 Drapers' Gardens, E. C, who will take increase are shown at Dallas, Galveston, Fort Worth. Denver,
Bubsorlptlons and advertisements and supply single copies of the pape' Grand Rapids, Portland, Memphis and Wicliita; Duluth, St.
at Is. each.
Joseph and Los Angeles report the only losses worthy of note.
wrTTTtx n T.»»i (^VI1,IjIA!»I B. DANA & Co., Pnbli«liera,
lOa WUlIam Street,
YOKK.
r.^^JnTiTTlnvn
^
J )HN O. FLOYD.
Wee\ Ending Sep(fmJer2I.
Week End'o Sept. 14,
J
p^jg^ OFFICE BoX
P.)r
NEW
958.
1388.
CLEARING HOUSE RETURNS.
New York
second table of this
article.
time, that our readers may gain some idea of
the current week's business, wo obtain each Friday by telegraph the clearings for five da^ys of six of the more important
clearmg houses, which together with New York figures make
up alx>ut 89 per cent of the total for all the clearing houses
for the same five days included in the full statement. To this
we add in a lump the returns for (he other cities (which average only about 11 per cent of the wliole) for the same five days
of the previous week, and that gives us a five-day total wliich
must be substantially correct for the whole country. For the
sixth day, to bring the statement up to a full week's operations, we add about one-fifth of the previous total, making
aWowance only when the transactions at the New York Stock
Eichange are above or below the average. The final re.sult
is an approximate statement of what the full six days' clearings for the whole country will aggregate when the week's
statement is made up Saturday noon. Prepared in this manner it will be seen, according to the table which follows, that
the clearings for the five days have been in tlie wliole country
§828,313,137 this week against $795,605,021 la,st year; and
adding aljout a fifth to each of these for the additional day the
return for the whole country for the week ending to-day at
noon is approximately §1,005,417,548, against $983,157,400 the
corresix)nding week last year.
CI.EAUIXGS.
Jlfturns by TtlcQroph.
JTcw Vorli
BoHton
28.
(2.264.711
i3<-,400)
(-66-4)
(1,543.5.34.
(-62- 7,
(-77-3)
cities,
$J06,8:'.0,255
70,^06,479
48,428,3H7
10,308,088
5),5ai,000
14,135,734
10,5411,217
Kew Oiioans
5 days
all cities,
6 days
day
Tolalallciticsfor wcok...'
bales.)
I3,--,M.'.I00)
(14,71 1. -if?
(4,3e».U0ui
(.Sl.C8!l.;i:Bi
82,iaa,2«H
84,345,f87
4,7H7.:iCiU
4,1';3,500
l,^^•Z4.^'|^
1.SH-.606
1,179.458
bhlt.)
l.V33,524
I,iii4,s4:i
1.238,a'.'6
l.va'<',10»
Worcester...
New
4,5S6,(i64
+
2-d
England..
Philadelphia..
PlttsburK
-t-1-7
+ 3-6
+ 6-2
187,462,370
1, 053.'; 28
1,073,508
G8I.136
65,414,400
-1-2
01,852,972
-0-8
63,032,401
Il.ul0.7i6
4181
85,75'2,790
11,-J60.131
+10-0
9,903.089
04W.578
3.157,179
-2ie
'
*!)''3.ir.7.4no
+11
1
1^,468,1.00
+6K
606.71!
+ 29V
+15-
476
87,567.:8S
-I-8-4
+10-8
-05
-i^5-8
-9-8
-t-4-5
69,027,21.3
.124
68.687,372
+8-8
Cinoinnatl
10,092,050
,956,
+104
10,ti95,l£0
+7'9
Milwaukee
4,2t(0,02l
,i:t8.
4,901,l'4il
+13-1
Detroit
Cleveland
,945,
,429,
,419.
4,755.075
+1S«
Indianapolis...
4,b7«,415
4,183,5U0
2.4W),700
2,018.653
+S'6
+ 18 6
+21-4
Peoria
l,3<i8.502
,474.
787,o«0
54a.
ColumbUH
Qrand Rapids.
16.075,819
,158, 742
1,107
,879,
Minneapolis....
Paul
01,791,467
,636,,994
4,473,543
i,838
925.
,741 .898
,345,,078
St.
Omaha
Denver
Uulutb
Joseph
Los Angeles....
Wichita
,310,,';o9
141,,67
St.
57!*,,100
692. ;!83
803. 609
BBS,,9-i2
456, ,544
546, 1.84
Topeka
Des Moines
-t^&-7
99,524,158
+6-7
-1-4
-2-8
-0-7
-2-8
+5-2
8.68J.8I12
49-5
17.747,489
S,151.9il
4,48».790
4.134.117
8,273,408
+143
3.6S(i.:i57
+ 15-5
+40
2,t2'',6-9
+46-5
-45-9
—16-6
-15-2
+S1-9
4,US,038
+-I3-8
1,287,935
l,130,i78
593,377
-SS-5
-3-a
-»-8
+23-8
:
.754 ,882
2,420,722
l,3Wl,318
681.700
524,740
321.476
490,980
+ 91
— 5"7
+15-3
872,508
851.681
802,388
471,049
6I1.85H
+3-1
47,108,962
-0-1
+1.S1
+7-3
20. 170.- 11
+!;8-B
+4-3
+86-6
43,898,948
40,308,032
e..^5^.«70
1,875.338,
+55-7
9,141.027
528,083
683,687
37,174,784
+84
+18
408
+184
+ 20
+141
+15-S
+85-4
+78-S
+79-6
-«-9
1,700,000
811,819
025.000
628.91'2
Total Southern
(i.3SS286
+1000
2,471.225
632.8:7
'Jalveston
-!»
-H5»
1,580,182
619,561
9il,:;61
451,110'
Uullas
+11B
40,290,87 4
j
1,043,436,179 1,117,714,889
all
New York
Not Included
-5-8
4-61-8
1,800.000
Ilichmond
+m7
+9-1
707,487
l,3ofl,i:.»
New Orleans..
Louisville
Memphis.......
+ 170
1,:!60,365
19,7S5,2pB
6.685,315
6.251,0;»
45,279,070
Total Other Western.
it. Lonlfl
'
S.620.1103
2,929,800
1,774,665
6
443
.525, ,017
672. 1)80
Seattle*
Total
+ 1-9
,723
99,821,124
Total Middle Western
San Francisco...
Kansas City
Ostside
iH.0O5,417.ri48
1,308,U14
+b'a
-fll-3
+41
1, 226,369
3-11
—
9,551
11.10,813,182
Norfolk
Birmingham*..
$7!l5,B',ln,031
+15-1
+2B-7
+8-8
-H4-7
Chicago
1-3
$S28,31H,137
177,104,411
-27
4 8 0.400
2,007,0.
-146
+17
S,12«,3(j3
Total Middle.
+3-2
-1-4
$709,256,857
86,438,364
79.707,9! 8
+363
:>;
782.835
Kort Worth...
$732,0B0,668
90.218,469
-26
H4
-87
(323.100)' (-25t.>
(11.97?,"00) (-72-0>
(9.072,000) (-554)
«oa.l5i
111,243,181
13.315,7<'3
^all.irnrire
^'y^ncuse
Biimiio'
-7-0
+UiS
7,
6
64i»,273
Tacoma*
PerCetit.
1.27 1, 20H
1,053,1.SO
1-9
74,471,443
Lowell
Total
(19.2lJ6,0tO
+9-0
91,222,113
Purtlaod....
Portland'
1S88.
58.480,000
15,0ly,066
6,482,050
St. loiiij
cities, 1
Week Ending September
1889.
63,45j,ee3
56,441,354
Chicago
All
701,255,7il
bwthels.)
Sioux City*
*5'21,UC!',;il8
Phllartelphla
Baltiinore
Total
-130
,98a,.'!(i2)
thara.)
iVTl-citiie'iti...
At the same
Seven
762.313,475
SaUa of—
weekly bank clearings at New York and other cities are
ISUickt
iCottnn
made up by the various clearing houses each Saturday noon. iOrain
That fact makes it imposssible for us to cover the current
[Petroleum
week's returns, as we go to press Friday night; so to keep the Boston
record accurate we are compelled to give the figures of the Pr<j7idence..
previous Saturday in the detailed statement, which is the aartford....
New Uuven.
Tlie
P. Cent.
1889.
C62,U9 1.758
lu totals.
.<!80,444.481
355,401.4111
-6-6 1.067.600,075
"^r7-o
808.344 .3541
H-T5
THE CHRONICLE.
S84
[Vol. XLIX.
rate at $4 "SO.
There was a good inquiry for cable
Thursday because of the settling day at
As far as the market is
Tlie chief feature of the money market has been con- the London Stock P^xchange.
statement last Saturday affected by the condition of our foreign trade, it is
The bank
tiuuetl firmness.
showed a surplus reserve of less than two million dol- interesting to note from the figures published by the
on the
lars; at the same time four of the largest institutions Bureau of Statistics, that the balance against us
together 14,222,300 surplus, indtcating very merchandise movement is growing smaller, having been
held
THE FINANCIAL SITUATION.
transfers on
clearly that most of the others were not in condition to
lend freely. Contrary to current reports, the drain to the
only $5,327,551
August, against 118,525,637 for
for
July, and 111,692,417 for August last year.
The
follow-
West and South has continued heavy, and though the ing is a recapitulation of the results by months.
rORXIOH TBADE MOViEMXIfT OF THE (T.VITKD STATES— (0008 omitted
disbursements by the Treasury in the ordinary way and
for
bond purchases have kept ahead
of the receipts,
the possibility has been constantly present of a
bank exhibit to-day even poorer than that of last week.
yet
Added
to all this, the prospect of gold imports has
been
more remote by firmer foreign exchange
Under these circumdearer money abroad.
here and
stances only very large bond purchases could afford
hopes of easier money, and as theses have not come, rates
rendered
have continued to tend upward.
Banker^s balances have loaned at 10 and at 4^ per
cent, with the average about 5^ per cent. This latter has
also been the rate for renewals from day to day. Banks
and
trust companies
marked up
6 per
their loans to
cent from 5 per cent the previously prevailing figure ;
after Wednesday nothing could be obtained at the
lower
rate.
Time
loans were offered at 5
three to four months on
per cent for
first class collateral until
Merchandise.
EiQM
Bxct*H
Hat.
Baiport*.
ImporU.
0/
1
Export*
1S89.
Jan....
73, ISO
1
«8.35",
Feb
59»8fl2
e-i.OH,
March
69,121
April..
.58,787
May...
.5-i,l(-e
.
t
.
OOLD.
'
ImporU.
*
'
5a.25.-
39,723
63.05-'
1,197;
4.393
+513
+861
+3.713
3.178:
+!J,37Cl
75i
1.47?-
13.445+12,691
669 18,131+17,472
3,28-,835
+4,14
498
420
78
'3,327
7mporU.
portt.
Bxetu
Ex-
of
parti.
«
3,003
t
1,^3
a,69'.i
!i,511
3.620
4,193
3,20f
2.62i
4,229
1,14^
1.433
1,449
1,9.37
1,398
1,761
1,5281
1
1,440
1.450
1,078
2,179
3,5£6
l,'*iO
861
2,701
Total'4r3.8BT •WS.X75 •.J4,50- 3,698J47.522|+41.821 26,293 12,218 14,075
3,5U8'20,415!tl4,819 17.177 8.808 S 58»
lSSS.'40-i,W 490.391 -87.42
6,353 16.30" 10,680 5,726
lSSr.|43->,208 479,807 "41,591. 14.153 7,90Uj
1SS«.431.5MI
'
9,935 4B.030 +30,115 17,125 10.375 6.7c0
+279 22,836 12,3 4 10.452
8.S19[ 8.89.-1
13.784 13.801 40.014 t-.i6.410 17.939 8,' 20 8,119
44-J,l)20'11.32i'
lSS5.'4-i«.2.«38».8«-i
18S4.'4.5'J.SJ»43S.513
Excess of imports.
4.5, 35<
t
Exueas of exports.
Both imports and exports are larger than in August,
1888, and for the eight months the excess of merchan-
Thurs- dise imports over expoi'ts
but then 6 per cent was bid for three to six
months, the advance in the Bank of England minimum rate of discount to 5 per cent and the outlook
for dearer money abroad making borrowers apprehenThere is no
sive lest there be a gold export movement.
day,
t
680
80«
66,40o
a,7l8
03.555 •6.7t5»
68,735 •16.500
61,^00 •l-i,9»l
r 0,784 •18.52B
Aug...'
'^'\ ImporU.
64»
817
3,130
••^,225
48,28
SlLVEB.
Exceu
t
*
June...
July...
„_
I
is
only $54,508,444, against
$87,425,073 last year.
The paper read by Mr. St. John, President of the
Mercantile Bank, before the Bankers' Convention held
this
week
at
Kansas City,
is
a very suggestive
and im-
portant contribution to the discussion respecting silver
demand for commercial paper by our city banks, and only coinage now in progress. Congress will soon be toThe supply is more gether again, and the country has already been notified
a small out-of-town inquiry for it.
than ample to meet all requirements. Rates are 5|- per by members of both Houses that an increase in the
cent for CO to 90 day endorsed
bills receivable
;
6@6i monthly
months acceptances and 6|@7i for good four
to six months single names.
The Bank of England minimum rate of discount
was advanced on Thursday to 5 per cent from 4 at
which it had stood since August 29. The rise was
foreshadowed on Tuesday by an advance in the open
market rate, and it is probable the directors decided
upon their course on learning that the demand for gold
for South America was likely soon to become urgent,
and also that money was growing dearer at the contiThe ojien market rate for 60 to 90 day
nental centres.
bank bills, as reported by cable, now stands at 4^ per
cent.
At Paris discounts are at the bank rate
of 3 per cent.
In Berlin and Frankfort the street
rate is 3f per cent.
The Bank of England lost £171,000 bullion during the week. This, as we are advised
by special cable to us, was due to the export of £367,000
gold, principally to Brazil and Egypt, the shipment of
£54,000 to the interior of Great Britain, and the receipt
of £250,000 from Australia and " bought."
The Bank
for four
purchases of silver by the Treasury to four
coinage of the
millions of bullion, or else unlimited
is to be the aim and purpose of the silverproducing States at the coming session. Judging from
past experience, what those States ask for Congress will
and hence many think the only hope of
grant
white metal,
;
preventing
is
in
or
postponing
modification
a
of
a
their
currency
catastrophe
present
ultimatum.
John's paper should be discussed, therefore, not as the measure which, of all others, he
or those agreeing with him would be found advocating
if free to favor what was thought most desirable, but
Mr.
St.
rather as an expedient (1) that will avert something
more objectionable, (2) possessing features attractive to
who favor increased silver coinage, and (3) at the
same time be effectual in helping on the work of unifyNow it- would be
ing and rectifying our currency.
easy enough to suggest objections to Mr. St. John's
we have no doubt he has thought of a great
proposal
many himself while elaborating it. But until we shall
have had time to examine tlie paper more deliberately, we
of France in its weekly return also again shows a would not criticise or commend the intended legislation.
decrease in gold, this time to amount of £455,000, and One thing we will say, and that is that Mr. St. John
the Bank of Germany since the last report has lost deserves no little credit for the ingenuity displayed in
about £360,000 of this metal.
working out his thought, and for presenting a very maForeign exchange has been quiet and firm this week, terial, and, whether adopted or not, a very useful conat U-%U, for long and |;4-88i for short.
The only tribution to the current discussion respecting silver
change made in consequence of the rise in the Bank of coinage. It is the question of questions needing the
England rate of discount was an advance of \ of a attention of financial and industrial circles to-day, the
cent in the rate for actual business in short sterlinsr one which embarrasses the future of the Adminand a reduction of the same amount in the figure for istration more than any other. We have no doubt
long, the nominal rates remaining unaltered, tliough that Secretary Windom is fully alive to the difficulties
yesterday some of the Canadian banks quoted the sight of the situation, and will eagerly welcome this and all
those
;
September
THE CHROIslCLK
a ^, 1888.
other aids which offer a ho^je of a wise way out of
tlie
385
the difference against September
is
not so striking as
might be supposed. Thus on the 15th of August wheat
existing labyrinth.
was quoted at 77^ cents, which is not as high by several
There has recently been a falling off in the receipts
the current figure
oats were then quoted at
of grain at Chicago, and this has served to draw cents as
against 191 cents now.
Corn however has
notice to the low prices prevailing for nearly all the 20J cents
cereals.
A great many persona argue that these low in the interval dropped from 35| to 31J cents, and with
prices already low a few cents further decline is quite
prices are the cause of the present check to the move;
ment, and
is
it
suggested that until a recovery
also
takes place farmers will not ship their produce
important.
— that
In an article on the Inter-State
Commerce
statistical
we quoted some figures giving
hence the railroads which have been calculating upon
the results of Statistician Adams' investigation into the
important benefits from the excellent crops raised this
sunimer, are likely to be disappointed in their expecta- question of the rate of return on stocks and bonds
report a few weeks ago,
it
is
not
course,
to see that low prices constitute a
difficult
drawback
Of
from that source.
tions of a large traffic
movement, and
to a free
also that as affecting
producers they must be
the relative prosperity of the
regarded as an important element in the existing situa-
At the same time the fact that the movement
than it was during August is by no
tion.
is
710W smaller
means
to be taken as conclusive of the effects of the
low
prevailing
prices.
It
easy
is
to believe
that
have been unusually busy, and
have not been able, therefore, to devote much time to
But even if there be no force
shipments to market.
in this contention, it was hardly to be expected tliat a
claimed,
farmers, as
movement on the scale of that for August could be
permanently maintained. In that month, as we showed
two weeks ago, the receipts of wheat, corn and oats at
Chicago footed up over 22 million bushels, as againsi
not quite 13 million bushels in the same month in 1888,
and about 134 million bushels in 1887. Still, the fact
cannot be ignored that on the whole the situation of
prices is not as favorable as could be wished.
Here is
a brief summary showing prices at Chicago for September and May delivery of the three principal cereals
during the
last
four years.
CmCAGO
PKICES OF CtREALS.
18i7.
niuat.
September delivery..
May
Corn.
Septembdr delivery.
May delivery
Sept. 26.
Sept. 25.
99H®iao
100%
81
delivery
l(-86.
Sept. 25.
Sept. 25.
TOM
725),(5
73H
of
United States
railroads.
Prof.
Adams found
that
out of $3,816,379,040 of bonds of roads for which he
had reports, $827,554,319, or 21 -GO of the whole, had
received no return whatever during the fiscal year ended
30, 1888; and similarly that out of $3,864,468,055 of stock, $2,374,200,906, or 61-44 of the whole,
June
had received nothing in the same year.
This was an
an amount
of the stock and debt of our railroads was yielding
nothing to its owners, and we used the figures for the
single purpose of demonstrating to those of our Western friends who are so bitter in denunciation of the
railroads that, after all, the railroad industry taken as a
whole was proving far from profitable, and that on the
basis of the results reached by Prof. Adams there was
most assuredly no ground for the charge that that
industry was thriving at the expense of other industries.
Our comment has served to give prominence to the
matter, and since then the figures have been made the
basis for a number of misleading and entirely erroneous
statements and deductions.
Indeed, the facts have
perverted and
misrepresented
by
been entirely
special
end
in
parties
apparently
having
a
view,
and we have received many requests to
correct the wrong impressiftn thus sought to be conve)"ed.
One statement we have seen made the bald
declaration " that more than 21 per cent of the bonded
" debt of tlie railroads in the United States defaulted in
" interest payments last year, and more than 61 per
interesting statement as indicating
how
large
"cent of the railroad stock capital passed dividends."
That it was intended to make this statement depend on
Oat.i.
the figures above given, is evident from the identity of
September delivery.
25 la iHi
83
23K
May delivery
a'.W 31H the percentages used.
2W<
2gM
But these figures do not support
As given, the price of wheat is higher than at the the. statement made, either in whole or in part. So far
beginning of the month, and there has been a further from 61 per cent of the railroad stock capital having
slight rise during the last two days, but we take the figure passed dividends, the greater part of this 61 per cent
for September 25 so as to have an even date for all the probably never paid dividends at all, it representing
years.
Thus compared, September wheat is about 19 low-grade and low-priced stocks having only a nominal
cents lower and .May wheat 15 cents lower than in 1888, value for purposes of control.
So, too, the remark that
corn 11 cents lower for September and 5 cents for May, 21 per cent of the bonded debt had defaulted in interest
and oats 44 cents and 5^ cents lower respectively for payments " last year" is false. It cannot even be
«H
31«
3l'Ha 36J<
43 a ISii
3SH
1
the two deliveries.
situation
indicate.
known
.Viialysis
not as bad as
is
shows, however, that the
these
figures
In the case of wheat
that
prices
special circumstance
last
year had
would seem
of course
been
it
raised
—the Hutchinson corner.
to
well
is
by a
As com-
pared with either of the two years preceding, the
quotation now is higher rather than lower.
As regards
corn, though the price last
bushel, that
is
September was 42| cents per
not what the farmer got for his crop.
By
claimed that this 21 per cent represents the aggregate
amount in default, for while we do not know just how
Prof. Adams prepared his figures, there would seem no
doubt that he includes income bonds, and an income
bond can hardly be claimed to be in default. In point of
fact, there was never any reason for misunderstanding
or misapprehending the statistics, which were clearly
intended to show what proportion of the railway capital
of the country was productive and what unproductive,
— that
is,
and nothing else. It would be very valuable to know
December, 1888 the price had dropjjcd to 34 cents a how much of the unproductive stocks and bonds in each
but that of
bushel, and the quotation has contimied low all through case represents a direct money investment
the current year.
Yet the arrivals have been on a very course it is not possible to determine.
large scale nevertheless.
The rate situation in the Northwest has undergone
Furthermore, if we compare
present prices for the cereals with those ruling a month both some favorable and some unfavorable changes durago, when the grain movement was so exceptionally heavy. ing the week.
The Big Four, which had joined the
the time the
in
new corn began
—
to
come forward
;
THE CHRONICLR
386
[vou xLix.
-;
&
Northern in making through tariffs to exceptions, display a similar tendency toward deidedly
St. Paul, withdrew its authorization of a joint rate improved results, but the Reading has a slight decrease
Gross earnings for the latest
and strong efforts are being made to prevail upon the in both gross and net.
have assented to joint arrangements weeks in September are of a like encouraging charother roads which
Ou the other hand, the Western acter. Our tables on another page show 12 '94 per cent
to take the same step.
managers are now confronted with the possibility that increase for the 3d week on 47 roads and 10*54 per
A few comrates between St. Paul and St. Louis will be affected in cent increase for the 2d week on 85 roads.
addition to those between Chicago and St. Paul, the panies in the Middle Western States, like the Cleveland
Northern and the Quincy having given notice of such Cincinnati Chicago & St. Louis, report quite considerBurlington
friction with
able losses, arising out of the fact that last year traflic
to rates to the various Mississippi River points,
and earnings were unusually heavy by reason of the
Grand Army reunion at Columbus. Specially noteworthy gains for the third week of September are furnished by the Canadian Pacific, the Northern Pacific,
and the Louisville & Nashville, each of the two former
contributing over $100,000 increase and the Nashville
There
an intention.
regard
also
is
more or
less
arising out of the Ciiicago-St. Paul reduction.
In the
England States the Boston & Albany has reduced
passenger fares to the West to meet the cut of the Fitch-
New
"Soo"Eoad, according to reports, haa
been restored to membership in the St. Paul and Minneapolis passenger association, and will now, it is $47,000.
After some hesitation and weakness early in the week
claimed, advance rates to the basis of those prevailing
the stock market has latterly again manifested an
via Milwaukee and Grand Haven.
burg, but the
The Pennsylvania has issued many very favorable improving tendency. There has been a little uneasiness
statements of earnings in the past, but hardly any equal as to the possible outcome of the rate troubles in the
to that submitted this week for the mouth of August. Northwest, and also continued apprehension as to the
For that month, indeed, the showing is nothing less future of money. But on the other hand the heavy
than remarkable, the gain in gross earnings on the lines yield of cereals and of cotton this
last
summer, the
Pittsburg and Erie over the same mouth last activity in general business, and the remarkably good
year being reported at $003,025, and the gain in net at returns of both gross and net earnings by the
And these gains are the more significant railroads, are favoring factors which it is very
$483,051.
of
east
they follow large gains in the years preceding.
In 1887 it was regarded as noteworthy that the total of
gross for the month should have reached 5 million
dollars; now, only two years later, the total is almost G
since
difficult
overcome.
to
Louisville
&
Nashville
was
week on the announcement
of the proposition to redeem the collateral trust Cs.
Later, Union Pacific was active and strong on the
millions.
Besides the improvement on the Eastern good statement of earnings for August, and also on
s}-stem, the lines west of Pittsburg and Erie have netted rumors of a purchase or alliance with the Denver
a surplus above liabilities for the month this year in Texas & Fort Worth, the securities of the latter road
During the last
the sum of $272,025, against a deficiency last 3'ear of sharing in the upward movement.
Add- two days Lake Shore and the Vanderbilts have come to
$10,195, being a comparative gain of 8282,220.
ing this on, we have a total improvement in net results the front, and Manhattan and some of the Gould stocks
for the month of over three-quarters of a million dollars have also shown increased firmness.
Among the
$7G5,27J. It is claimed that the exceptional extent of sjiecialties, Manitoba, Central of New Jersey and Tenquite a feature early in the
—
gain this time
to be referred to the carrying of extra
is
amounts of freight and materials
&
nessee Coal
Iron have
London has been a
all
advanced several points.
purchaser of stocks, and this
flooded districts, but even allowing liberally for that proved a strong stimulating agency at times, and especthe result would yet be very satisfactory besides, that ially in the early part of the week, when operators
circumstance could hardly account for the heavy gain were in a rather cheerless mood. In the unlisted defor the rebuilding of the
liberal
;
on the Western lines. The following is our usual state- partment of the Exchange, Sugar Trust has been freely
ment, furnishing a comparison for a series of years. pressed for sale all the week, causing a very heavy
It will be noticed that in the totals for the year to break in price, which at times affected the general mardate there is now no trace of the great loss experienced ket. Yesterday the tone was strong in the morning, but
by the company in June through the floods.
in the afternoon, on some unfavorable rumors with regard to Atchison, that stock declined sharjily, and the
Lines east of
18E9.
1888.
1887.
1886.
1889.
18S4.
pittsdcrg.
whole market sympathized to some extent. The New
Aurjust.
Oross earniDKs
Operut'K expensea.
Not eamlngB...
«
t
t
tit
3.9oB,300
t
4,617,894
York Central has declared
!i,3«l,490l 8,241,516
3,ll4,470l 2,680,345| 2,307.29'i
2.40(1,387
of one per cent
2,032,474; 2,149,4231
1,907.5361
1,905,045
1,649,012
2,151,507
-t-78,651
-130,061
2,149,2771 1,983,696
1,518,931
5.»»3.»64! 6.390,9.')»: 6,022,018
WMtem lines
+272,025
Besult
2,904,499
-10,105 +241.741
2.190.2^8
4..'')85,:J90
2,162,176
Jan. ItoAit^. 81.
Gross earnkngs
39,289,875 38.071 ,55f 36,047.106|32,192,23128,9fll,004!3I,e40.228
Operai'K expenses. 26.341.276 «,n30,9f 2 23,681,846 21.036,934'l9,632,084 20,285.363
Net earnings...
Westero lines
Rssnlt....
12,Sl>8,699i 12,440.5114 12.8li8.460 11,165.2971
9,828,»2o! 11,651,885
its
usual quarterly dividend
and nothing extra. The results for the
year ending SejDtember 30 show a surplus above the 4
per cent dividends of $235,868 (against only $97,98G in
1887-8), or about one-quarter of onejier cent on the stock.
The following
to
gives the week's
and from the
interior
by the
movements
New York
of
money
banks.
+114,140 -207,685 +403,13l| -173,704!-1164,239j -712,401
13.012,7,99 12.232,009 12,858.591110 ,98 ,538' 8,174,661110,912,874
1
Very favorable returns have also come from a
number of other roads besides the Pennsylvania.
Thus the Union Pacific for the same month reports
an increase of $3-14,239 in gross and of $327,735 in net. The Erie has increased its net from $899,806 to $1,084,085, the Norfolk & Western from $172,820
to $223,743, and Central of New Jersey on gross the
same as last year has enlarged the net to $G70,2C1
from $629,714.
The minor road« with very few
Week ending
tUcelTfd by
Sept. 27, 1889.
Shipped
h\i
A'e( Interior
N. r. Bankt N. r. Banks.
Movement.
$1,983,000
Total
RoM and
legal tenders
—
$3,902,000
831,000
Loss.
tl, 983,000
tl,73S.000
Loss. $2,750,000
With the Sub-Treasury operations the
Weekending
Into Sank*.
Sept. 27, 1889.
Banks Interior Murement, as abore
Total Koia aiid legal tenders.
.
.
result
Out of Banks.
;tl,083,000
16,200,000
t4,733,O0O
ll.lOO.OOO
ilS.183.000
1 18,833,000
831,000
is:
Net Change tn
H<ink BoldtnQt.
Loss $2,750,000
Gain. 2.100,000
Loss.
$650,000
September
THE CHilONlCLK
28, 1S89.J
Bullion holdings of European banks:
of
Oold.
TotaL
£
£
Sold.
£
auver.
such a complete change in the company's affairs that
the stock now sells in the vicinity of 80, while the
10-40s are quoted at 104 bid, and the collateral trust 6a
Sept. 27, 1883.
Sept. 20. 1SS9.
Bank!
£
80.457.981
SUvtr.
70t<U.
X
80.803.840
48.78^091 49 835.491
20,808,840
92,080 582
41,086.000
80.415.a3l'l4,70;,6fl(l
44.123,ijOi)
Aast.-Uunff'y
Netherlands..
a.43B,000| 15.872.000
81.308.0001
6,957,000 15,837.001
21,291,100
6,502.000
6.114.000
11,648,000;
5,752 000
7,712.0(X)
13,404,000
MBt.BelKinm.
8.582.000
1,291.000
3.873,000
2,550,000
1,275.00'!
3,8^5.0)0
Kngland
France
a0,457.031
Germany
52.558.5Sfl 50.22S.504 102.787.090
27 ,390.»l!7'l3.f 05,333
—
387
Tot.thlB week 113.027.174 87.830.837 801.158.011 107.268.965 83.287.157 195.529,832
Tot.prev.w'k. 115,0,';0,045 87,85»,251 203.839,296! 108,819,943 89,994.876 197.814.819
have recently even sold above the figure at which the
company will redeem them. The recent issues of bonds
(to cover the new branches constructed) have all beea
and these also command a premium.
Apart from the bearing of the operation in this particular case, the substitution of stock for bonds is
5 per cents,
always to be
commended
servative action.
LOUISVILLE £ NASHVILLE DEBT
REDEMPTIOX.
The
action of the Louisville
&
of its total capitalization.
Nashville directors
the company's funded debt with an issue of stock, is not
alone important as affecting the company itself and its
welfare.
another evidence of the wonderful change
which frequently occurs in the position and prospects
of railroads in the United States within a comparatively
short period of time, as the result of the growth of traffic
and the development and expansion of the country's
industries.
One cannot help noting
situation of the Louisville
about
just
five
the contrast between the
&
Nashville to-day and that
years ago, or in 188-4.
for various
that a company's debt should form no
this week, in submitting a proposition to retire part of
It is
as being in the line of con-
It is desirable,
The company
not receive as
much
country, but in Euroiie
The stockholders
and
direct
This
is
attention as
is
reason?,
undue proportion
a point that does
it
should in this
quite generally insisted on.
are the proprietors of the undertak-
and control
its
affairs, bondholders
having no voice in the management except in those
comparatively rare cases where the bonds carry voting
power with them. As the stockholders are thus vested
with the responsibility, it is a matter of some importance that their interest or investment in the concern
should be in a measure gauged accordingly, for it
undoubtedly conduces to good management, as well aa
to the exercise of increased prudence, skill and care,
to have the pecuniary interest of those exercising
ing,
cent 10-40 bonds which were issued
to
gency were offered to stockholders at
66, while a certain
functions of control large.
On the other
hand, the advantages of such a state of things from the
point of view of the stockholders are equally great.
Interest on the debt is obligatory and must be promptly
met. If it is not met, stockholders' interests are endangered.
A reduction or suspension of dividends does
not operate in that way.
Hence with debt and
charges small it is easier for a company to tide over a
period of business depression or small earnings; in such
a contingency the stockholder in a dividend- paying
road would sustain simply a temjjorary loss of return on
his investment, while in a non-dividend-paying road he
would be rendered more secure as against default or
financial embarrassment on the part of the company of
which he is a proprietor.
In the case of the Louisville & Nashville the saving
the road which went with
in interest to be effected by retiring the collateral trust
did not go to default then,
and
it
has always met
promptly and in full. But it had
at
that time accumulated a considerable floating
debt; and as other companies unfortunately were
suffering in the same way, and
at the moment
the financial panic of the previous May had inter-
its
obligations
vened, a general feeling of distrust prevailed, impairing
the company's credit and causing a sharp decline in
securities in the market.
The
its
friends of the corpora-
however, came to its rescue, and it was soon placed
on a very firm footing. As illustrating the extent to
which its credit had suffered, and therefore the nature
of the task impcsed upon the managers in furnishing
tion,
adequate
amount
relief, it is
only necessary to say that the G per
of treasury stock of
meet the emer-
the
make an immediate difference in the amount of
income applicable to the stock. Of the ten million
the previous June had sold at 22^,
The collateral trust bonds originally out under this issue, $538,000 have
bonds which are now to be redeemed at 110 were then been retired through the operation of the sinking fund,
selling below 80.
leaving $9,462,000 outstanding at the present time. On
As is known, the company has been well managed. this the annual interest charge is $567,720. But in
As the result of this circumstance and the coincident addition the sinking fund calls for $100,000 annually,
growth of traffic, its income has been greatly increased plus the interest on the debt redeemed, making altogether
and its credit completely restored. Hence the directors $700,000 as the yearly requirement on these bonds.
now propose to avail of the option to call in the whole The company projwses to issue not more than $13,000,000
of the outstanding collateral trust bonds at the price stock to retire the bonds, so that with the $33,112,800
named in the mortgage deed. One other cause has of stock now in existence the total would be increased to
contributed to the road's improved position, namely a little over 46 million dollars, and on this the saving of
the conservative policy pursued in regard to the distri- $700,000 in interest and sinking fund would be equivbution of the yearly surjilus from operations. No cash alent to over 1| per cent. If we disregard the sinkdividends have been paid
whatever surplus has ac- ing fund, and take simply the saving in interest, the
crued has been put into the property or used in better- amount released out of earnings by the operation would
The market
the bonds was offered at 26.
price of the
6s will
stock had even then recovered only to about 29, and in
;
ing the financial condition of the company. When be equal to nearly 1^ per cent on the total of the stock
finally the point was reached where it was thought a as enlarged.
Mr Norton thinks that the effect will be
distribution of some kind should be made to stockhold- to put the property upon a permanent cash dividend-
paying basis. Such a supposition would seem not unwere begun in stock, thus occasioning no increase in reasonable, considering that for the fiscal year ending
charges and still keeping the cash for use in the ordin- June 30, 1889, thecompany reports a surplus of $1,721,
ary way this being equivalent, as President Norton 014 after meeting the requirements for rentals and inaptly says, to getting money for capital expenditures by terest, including the interest on the bonds now to be
issuing stock at par. These circumstances have worked retired, and also after deducting $23,376 loss on the
ers to rejjresent the accruing surplus income, dividends
—
TBE (BRONICLE,
38"^
Georgia Railroad lease and 8199,4'^5
&
loss
on the opera-
Some
of course of the above stocks have only a
Besides this, earn-
inal value,
ings have been nipidlj- increasing thus far in the pres-
quotations
tion of the Pensacola
Atlantic.
the gain in gross for the period from
[Vol. XLIX.
though
it
is
nom-
the absence of Stock Exchange
difficult to say just what they would
in
bring in the market.
Others, however, like the NashSeptember 21 being 1626,811, and in net ville Chattanooga & St. Louis, the Mobile & Montfor the month of July (the only figures of net yet at gomery, and the Louisville Cincinnati & Lexington,
hand), 179,747. The following furnishes a comparison have real intrinsic value, apart from the fact that they
afford control of important pieces of road.
of results since 1878-79.
ent
fiscal year,
July
1 to
Qrou
Tutat
Ntt
Fentaif,
•n.~l9.
B.387,89b! 8.881,77»
'TS--80. 7.4;5.M8, 8.S87.644
•90- -SI. I0,911,«6l| 4.198.518
•81--88. ll.BS7,744
4,558.874
'88 '83. 13.234,1118
6,135,320
-83- •8<. 14,351.083
5.527.310
•84.'SB. l8,93e,S4n
•85- '86. 18.177.018
5.754,091
4,9»S,723
Fundfd
Intent
* Taxm.
*
*
»
Xet
Jncomf.
Trar. £an<<noi Earnings
(
Surpliu.
Stock.
THE LATE ELECTIONS IN FRANCE.
Debt.
t
$
2,831.772 1,766,609
9,062,950 H7,S96,770
3.22;.644, 8.19t.«66 tl.028,189 9,059,361 +80,978,020
4.423,7271 8.319.958 11,103,769 18.130,918 f4 8.485,440
521.448 18.133.513 +69,578.778
4,824,8161 4,S08.3«8
694.820 85,000.000 +59.320.880
5.270,090 4,575,870
5,800,145 4,705.147 1,094,998 86,000.000 +58.910,612
5,952,683 4,637,806 1,314,877 80,000,000 +62,808,814
587.f0.1 90.000,000 +61.536,254
5,171,630 4,648.727
«,513.3S« 4.681.341
1.838.049 S0,000,000 81,999,598
6,B21.53< Ij5,012,780 l,fi08,76*- 31,61«.00n 64,046,660
t
•465.863
An event which has for many months been occupying the minds not only of Frenchmen, but of the
reading and reflecting public of all nations, has at
length come off.
The elections provided for by the
Constitution, and having for their object the perii)dic
Chamber of Deputies,
with the result that the
'88.T8. IH.Pflfl.Pfldl «.27!!,.<lll 6.050.450 1)5.820.406' cl ,721 .014 33.118.800
Republicans, represented by the men now in power,
Out of this 4 per cent dividends were paid. calliDg for $361,445.
Inclndii g City of LonisviUe bonds, now ali pild off.
have been sustained by a large majority.
Out of this, 8 per cent dividends were paid, eallln< for $724,567.
It is doubtful whether any similar election has created
5 Out of tills, two dividends of 3 per cent each, caLing for $1,087,800,
were paid.
4 lucludes in 1987-8S, in addiilon to loss on Georgia Kailroad loase so much interest since the founding of the present
(.'?3.433). $238,943 loss on tlie operation of the Pensacola & Atlantic—
More than once during that period,
an item not previously brouaht into the L. •& N. iocome accounts: and Eepublic in 1871.
88 on Georgia Railroad, $199,In 18!-8-8i». in addition to if2a,376
and especially in 1875, and in 1884, when the Constitu425 on the Pensacivla <t Atlantic.
Out of tlii» a 2 per cent stock dividend calling for $f 00,000 was
declared in January and a 3 per cent stocli dividend calllDg for $918,- tion underwent revision, has intense interest centered in
000 iu Juiy-tdgciher $1, si 8,000.
Out of this a stocli dividend of 2 per cent calliuj? for $630,360 nas the election of members for the Chamber of Depudeclared in ,Ianiiary and a 3 per cent stocli dividend tn July calling for
ties.
There were circumstances, however, connected
$904 ,450— tog^thcr. $1,594,810.
Note —The mileage on which earnings have been based is ss follows with the election of 1889 which were peculiar almost
At the end of fiscal j-ear 1879, 970 miles: 188(>, 1,704 miles; 1881,
'8»-'87. 15,080,584
8.033,531
•87.-88. 16,800.241
e,0i.8,70«
I
infusion of fresh blood into the
were held on Sunday
last,
'
t
:
1'
II
(:
—
1,872 miles; lS8i!, 2,028 miles; 1883,2,065 miles; 18t-4, 2,065 miles;
ii lies: 1-S6. 2.023
miles; 1887,2,023 iiii:es; 1888, 2,118
miles; 1889. 2,176 miles.
—
unprecedented
unparallelled certainly during the
period above specified.
There was keen exciteWe see from this that in three years gross earnings ment when M. Thiers was virtually compelled to give
There was similar
have risen from «!l3,177,018 to I16,599,39G, and net place to General MacMahon.
from 14.963,723 to $6,273,311, both gross and net of excitement when MacMahon retired and made room
course being the largest ever reached.
There has also for the veteran Republican statesman M. Gr6vy. It is
been an increase in the income from investments and fresh in all our memories how near France had reached
other outside sources, so that the total net income is a crisis, and how imminent revolution wa-s, when, some
up from $5,171,530 to $6,950,420. The balance for two years ago. President Gruvy in turn was compelled to
the stock, at 11,721,014, would seem to be not quite the yield to popular clamor and surrender the reins to the
largest on record, having been $1,833,049 in 1886-7, two Houses, thus making way for the present chief of
but in that and the previous years no allowance had the Republic, President Carnot. But at none of these
been made for the loss on the operation of the Pensacola periods, either in connection with the elections or in
connection with the events which preceded or followed
& Atlantic, so that the falling oS is apparent only.
The redemption of the trust bonds will be of conse- them, was there a more profound feeling, or greater
quence iu another way. It will relieve the road and intensity of purpose than was revealed at this latest
property of a third mortgage, and also release in part a test of contending political parties at the ballot box.
188-^, 2,1176
large
amount
of collateral
security under the
— stocks
mortgage.
because the same collateral
is
and bonds— held
as
The
peculiarity of the situation in France, in these
We
say release in part, later times, has been due largely to the influence of one
It was in January, 1886, that Boulanger became
also subject to the mort- man.
latter, how- Minister of War, with a place in the de Freycinet Cabamount only to $5,000,000, and are redeemable inet. He had already been commanding attention in
after 1894.
The aggregate par value of the collateral France. It was not till then, however, that he began,
pledged is $28,162,700, of which $9,633,000 are bonds to stand out as a prominent figure before France and
and $18,529,700 stock, and the following is a detailed the world. With his subsequent career every reader is
list of them.
familiar.
When M. de Freycinet resigned and was sucBOSDS (ALt 6 PER CENT).
ceeded by M. Goblet, in December, 1886, General Bou-
gage of the 10-40 adjustment bonds; these
ever,
&
1,.500 L.
N.. Lebanon-Enoxv. Br'chBds . $I.f 00 each
$1,.500,000
1,248 L. A- N., Pcnsa' ola & 8elma Div Bd8.,$1.000 each
•1. •.148,000
1,000 X'eni-acola A. Atlantic RE. Co. Eds.. $1 ,000 etu h
1,0(10.00(1
N., Mobile
2,677 L.
Moiitg'y Div. Eds., $1,000 eacli..
2,'i77,000
N.. Lou. cm.
3,208 h.
Lex. R'y Co. Bdi"., $1,000 each :«, 208,000
langer retained his portfolio; but Goblet's tenure of power
was brief, and when he was succeeded by M. Rouvier, the
of Boulanger was not on the list of Cabinet offi$.^,633,000 cers.
Already blustering and calling for a war of
STOCKS.
revenge upon Germany, and suspected of tampering
15,000 shR. Lou. Cin. & Lex. R'y Co. pf. stock, $100 each $1 ,300,000
10,000 Bhs I,o:i. C'ln. A Lex. K'y Co. com. sfik, $100 each.
1.000,000 with the army, and of making use of his position
29,397 Sim. Mobile & Moiitg'y R'y Co. htoik, $10" each
2,939,700
135,400 shs. Niisli. Chat. &. St. L. R'y Co. stock. $25 each
3.385,000 for selfish purposes, he was sent to Clermont-Ferrand to
40,000 slis. N.C.Mob .tTex.RR.Ci>.,a8recrgon'd.$100each 4, 000.' 100
2,; 00 .sli». Owenslioro A: Nashville K'y C ).,$loo each
But the G eneral was not
250.000 take charge of an army corps.
O'.M'O Bhs. Penfacola * Atbintio RR. Co., $100 each
1 .550,000
7,4(iO SUrl. Pontchanralii Kl{. Co., $100 each
Placed under arrest, retired from his
to be suppressed.
'""
740.' 00
20,000 sh«.
& N. All-. Kit. Co.,
stock. $100 tacli
2,000.0
" cafe concert
1,850 i-h". 8 & N. AI» RR Co., com stock, $100 caih
185.000 command in tho army, denounced as a
9,800 sUx. South EasI 4 St. Louis R'y Co., $100 each
980,000 hero," defeated in a duel, disgraced by a public trial,
compelled to leave France, and rejected by the Coun''^""'
Total Bonds and Stocks deposited to secure Louisville
ANash. RR Co. $10,000,000 Tr'Sl Mortgage
$2^.162,700 cils-General, this man was yet able from hi.s place of
• $350,000 of these pledged for lh« security
of tho Georgia RR. lease.
exile in London to put to the test the streugth of those
&
&
&
.8.
&
i.f.
name
Sbptembbb
who are
THE CHEONICLK
38, 1889,]
38»
during these summer months, which determined the
issue of the contest.
The Republicans have now things
President, the late Louis Napoleon, has had so firm a in their own hands.
It remains to be seen how they
That such a man a man will use their victory. It will be dangerous for them
hold on the French people.
of no family importance, personally known to be Vith- to think that the enemy is dead. The Church remains;
out means, whoso reputation as a soldier depended the Monarchists remain the Imperialists remain and
much more upon what was to be done than what was none of these love the Republic. There are besides
done, without any oratorical talent or skill in debate
dangerous persons in their own ranks. Wisdom and
should have been able in spite of so many adverse cir- energy are needed more and more.
Boulanger may go
cumstances to hold the hearts and to control the votes down, but another equally dangerous may take his
of so miny Frenchmen constitutes one of the enigmas place.
in favor of the Republic, as the
No
in France.
man
one
Republic now
since the day of
is,
the Prince-
—
;
;
of the hour.
It is
hardly overstating the case to say that this
dis-
graced and exiled soldier was the soul of the Opposition
at the elections on Sunday last.
It was Boulangism
rather than Monarchy, Boulangism rather than Imperiwliich the
alism, against
Ropublicans
they were
felt
INDIAN RAILWAY MILEAGE.
It is interesting to
note that railway mileage in India
being extended, and at a fairly rapid rate. As
a competitor of the United States iu the shipments of
is still
and Boulanger in Paris during the progress of wheat, India has not made the progress in recent years
the elections would have been a far greater sensation than which so many had predicted for her.
Still, her
either the Compte de Paris or Prince Victor. It is fair, external trade is being developed in other ways (we
indeed, to raise the question whether if circumstances gave an illustration as regards her increasing exports of
had not necessitated the absence of Boulanger from cotton goods in our Cotton Crop Report two weeks ago),
France, we should have heard half as much, at the last and notwithstanding the obstacles which the character
moment, of Monarchism and Imperialism. There is of her population imposes, the enlargement of the railgood reason for believing that if the General had not way system is apparently working important changes
been so fiercely set upon by the Government disgraced, in business, and advancing the general position of the
politically disqualified
and driven from the coun- country. We find that the growth of traffic, both
try
backed up
he most
as
certainly
would passenger and freight, more than keeps pace with the
have been, as we now know, by the great majority of increase in mileage, and furthermore that the roads as
Royalists and Imperialists, and by the powerful, although a whole return a very fair rate on the capital cost, though
secret influence of the Church, the result of the voting the result to the Government on its guarantees is not quite
would have been very different. It is hard to believe so satisfactory, on account of the depreciation of the
that even in such circumstances the Republicans would silver rupee (the obligations of course having been
fighting,
—
—
have been wholly defeated; but
contracted in gold.)
it is difficult to look at
the facts as they now present themselves without feeling
From the report of the Director General, recently
convinced that the Republic would have been placed in issued, it appears that during the fiscal year ending
March 31, 1889, 862 miles of new road were added,
making the total length of road iu operation on that
Sunday, were Boulaugists, Monarchists and Imperialists date 1.5,245 miles. Compared with a mileage ten times
combined. They would have been the same if Boulan- as large for the United States, this seems small. But
extreme
The
peril.
or which
is
forces opposed to the Republicans,
the same thing,
to
the Government, on
ger had been in France to encourage his followers; but such a comparison is hardly fair, and it gives no idea
Monarchists and Imperialists would not have been named. of the importance and value of the Indian railways.
They would have been all Boulangists for the time being; Many of the roads form long trunk lines, extend-
and no one who has made himself familiar with the ing into the interior of the country, and are so situated as
movement of which the elections constituted the to reach the principal sections and districts, though some
climax, and with the general facts in the case, will deny others are calculated chiefly to meet military necessities
that the one word would have been mightier than the in case of war or disturbance.
It is only during the
three as a word to conjure with.
As things were, it last ten or a dozen years that the work of new construcwas next to impossible to expect the friends of the tion has been actively carried on.
At the end of
Monarchy and the friends of the Empire to efface them- 1877 the miles of road open was only 7,322; on
selves.
Boulanger being absent, they endeavored to March 31, 1889, as already said, the amount was
make
the best of the situation.
15,24.5 miles, being an increase in the eleven years of
have been thus particular in dealing with Bou- nearly 8,000 miles.
langer and with the opposition generally, not because
The largest addition in any one year occurred during
we have sympathy with the opposition in any of its the twelve months ending March 31, 1885, when 1,220
We
sections.
Not
at
all.
It
is
our belief that the con-
servative element in
French society is on the side of
the men who are now in power, and that the success of
Boulangism, or of any combination of forces of wliich
Boulanger might have been the head, would have been
a misfortune for France.
We have dwelt upon the
character
of
the
opposition
for
quite
other
reasons.
It
is
well
to
acknowledge the fact
that the opposition was strong.
Success in the face of
such strength does honor to the men who led the
Republicans to victory. Their treatment of Boulanger
may have been severe; but it was the bringing out of
the man in his true character, the driving of him out
of
France and
the keeping of
him out
of
miles was the extent of increase.
This was followed by
only 375 miles increase the next year, but in 1886-7 and in
1887-8 the addition was about a thousand miles each year.
For the
late year
it
was 8C2 miles, as stated above. Thus
there has been a slight falling off in the rate of increase,
—
would seem is likely to continue at least
for though 680 miles additional were
sanctioned during the late year the total of uncompleted road March 31, 1889, was only 2,261 miles,
which compares with 2,487 miles under construction
March 31, 1888, and 3,205 miles on March 31, 1887, the
amount thus having been greatly reduced. The following table gives the length of line at the end ofjeach
and this
it
for the present
—
Franco year since railroa Is were
first
introduced in India.
THE CHBONICLR
390
actually
MILES or RAILWAY IN INDIA AT END OF EACH YEAR,
Af«M
r—r.
90^
71
170
1855
1
3,37854
4,aiaM
1869
ISM
:<,93«M
IH7«
1,6S7H 1873
18;4
1803
1803
The
to
8,4U2M
9,30-1
tl.8»2M
10,1
15«
I0,780>4
18,O0OJ»
1«,375W
1S,885«
6,«9J
1885-6
«,M7«
18^6-7
6,5IU
1887-8
I4,:i»8
6,833
1873
1878
Note.— Up
MaroUSl.
8.212
188«
4.775
8,077(4 il«83-4
5,870X 1884-5
1871
IliMA
7,»2iH
4,«94K I8SI
3,&68X
i
4»SH W70
1866
MUa.
rear.
1877
18;8
1879
1«80
1865
180a
;8<)8
18SS
1888 9
15.245
1S83 milease was glren to December 31.
cost of these 15,245 miles of road
is
After
tliat to
represented
by a capital expenditure of £185,039,808. But the
London Economist points out that this does not include
the expenditures for suspense accouat nor the cost of
the steamboat service connected with the roads. Adding these items on, the total would be brought up to
shown a
fVou XLIX
on account
falling off
of the decline in
but now there is a very
important increase, the total having jumped to 3,576,997,334 tons, from .3,195,503,738 tons in 1887 and
Since 1881 the quantity
3,388,000,208 tons in 1886.
of freight handled has increased from 13,214,074 tons to
22,393,202 tons, or about 70 per cent. In the former year
the average length of road operated was only 9,638 miles,
while for 1888 the average was 14,378 miles; but the
The pasratio of increase is less than 50 per cent.
senger traffic shows even more striking growth, the
number of passengers carried having risen from
54,703,083 tons in 1881 to 103,156,013 tons in 1888, or
about 90 per cent. It is a rather noteworthy fact that
this passenger traffic has been increasing in a nearly constant amount for several years past, the addition irf 1888
having been about 7f million passengers, inlS87 about
the
long-distance
freight,
1880 a little over 7^ millions, and in
AVe'annex the following statement to
spent on lines under construction, the aggregate capital
show various features of the Indian railway operations
expenditure would be raised to £196,874,108, or not far
from a thousand million dollars. According to Mr. and accounts for the last few years the capital expendiPoor, the cost of 154,275 miles of road in the United tures, the number of passengers and tons of freight
These figures,
gross and net revenues, &c.
States, as represented by the total of stock and debt, was moved, the
According it should be understood, cover the calendar year in
somewhat over 9^ thousand million dollars.
those in the first table above bearing
to the same authority, the average return on the United each case, whereas
debt) was during on the mileage are brought down to March 31.
States roads (counting both stock and
If this be further increased
£193,043,257.
by the sum
7 millions, in
1885 7 millions.
—
1888 only 3-03 per cent. In the case of the Indian
roads the net revenues are equal to about 5 per
cent, even if we take the total of £196,874,108,
•which, as stated, represents the steamboat service
and the expenditures on lines under construction,
as well as those open
and actually in operation.
On
INDIAN RAILWAYS.
ISSS.
however, makes no allowance for the depreciation of
the rupee, evidently a very important item where the
revenue has to be converted into gold in order to meet
Tor that
the obligations contracted in that metal.
reason, and on account of its guarantees, the result of
the working of the roads has not been very profitable to
For 1888-9 the loss to the State was
the Government.
largest ever experienced, with one exception,
1872-3,
when
the figure was £2,178,956.
the direct loss to the State
from
its
namely
in
Since 1858
connection with the
roads has been £37,775,175.
The advantages derived
from the railway system have of course been very
great, both directly
and indirectly, but the cost
is
ISSI.
1883.
£
£
£
£
£
£
i
Uean
18,829
12,470
12,787
12,791
13,028
13,610
mll'ge
open for
MUes.
Mites.
Miles.
12,549
13.578
14,378
No. of pasA-o.
s e nse r B
carried .- 103,158,013
N u b er of
traffic
No.
No.
93,411,776
88.438,318
Miles.
12,091
Ko.
80,881,779
Miles.
11.114
No.
73,815,119
MUes.
10,408
No.
85,098,953
m
tons K00d&
moved
Tons.
Tons.
Ions.
1
19,576,366
82,393,202' 20,195,877
Tons.
18,925,385
Tons.
10,883,007
Tons.
18,999,384
Gross eirn-
Ings
dur-
£
£
£.
Working
£
_£
18,584,117
ing year... •19,784,474 '18,468,128
17,880.518
15,976.325
£
16,879,752
ex-
penses
less
£508,700; in 1880-7, £982,791; in 1887-8, £1,995,900,
and now for 1888-9 it is £2,116,100. This latter is the
IBS'?.
of year.... 183,639.809 175,429,348 165,044.110 156,177,687 150,185.880 148,193,129
Cost per m.
than £2,110,100, and the amount of loss seems
Net profit.
Per centage
to be growing larger each year, notwithstanding the
of net profIt on capiIn 1883-4 the loss
increasing revenues of the roads.
tal cost....'
was but £312,418; in 1884-5 it was £852,613; in 1885-0
no
I8S6.
on lines
open at end
open
the basis of the £185,039,848 spent on the revenueearning road, the net would be 5 -32 per cent. This,
1887.
Capit. outlay
•9,874,347
•0,103.307
8.842,295
8,770.196
8.062,848
7,873.194
•9.890,127,
'9,304,821
9,741,822
9,110,322
7,913.679
8,401,558
Per Cent.
Per Cent.
5-32
5-33
Per Cent.
Per Cint.
Per Cent.
5 90
6-S4
6-27
1
Per Cent.
591
NOTB. - In tlie !vl)ove the rupee lias been taken at the conventional
value of two shUlinirs.
• Indudius in 188S and 1887 the steamboat servico, not Included in
the other years; the comparison is not materially aft'octed, because the
item is not a large one.
AVith regard to the revenues, these 'amounted last
year, it will be seen, to nearly 100 million dollars gross
In pounds sterling the figures
and £9,890,127 net. The increase
thus over the previous year is substantial, though relatively
and to 50 millions
net.
are £19,704,474 gross
less important in the case of the gross than in that of
has been stated above that the growth of traffic has the net, reaching £1,296,346, or 7 per cent, in the
more than kept pace with the increase in mileage. The former, and £525,306, or 5^ per cent, in the latter.
facts bear this out.
For the late year of course we Both gross and net, however, it would seem were larger
seen also to have been considerable.
It
should expect very marked growth.
In the year preceding, the volume of the freight traffic had been
affected by a short wheat crop and diminished exports
of that cereal.
For instance the wheat exports in
1887-8 dropped to 25,271,249 bushels from 41,558,197
bushels in 1880-7.
But for 1888-9 this loss was in part
recovered, and the exports reached 32,894,924 bushels,
or- 7^ million bushels more than in the previous year.
Hence it is not surprising to find an increase in the
freight
moved
of 2,197,525
tons, or nearly 11 per cent,
against an increase in 1887 of but 019,312, or only about
3 per cent.
The
ton-mileage in the previous year had
be noticed that the ratio of
expenses to earnings, though having increased in the
recent years, is yet very small not quite 50 per cent.
The ratio on United States rOads in 1888, according to
Mr. Poor, was 08-72 per cent. There were exceptional
circumstances swelling the ratio in that year, but even
than ever before.
It will
—
One great
1887 the figure was 04-45 per cent.
advantage which the Indian roads possess is in being
able to employ native labor, presumably at a low cost.
We have not the returns for the late year, but on
in
31, 1887, out of a body of 225,047 employes,
215,280, or 95-00 per cent, were natives.
December
September
THE CHRONICLE.
28, 1889.]
891
P^ornetovg s ® ammcr ctal %naliBh MtvoB
IMPORTS AND EXPORTS FOR AUGUST.
[From our own corrospondeut.)
The Bureau of Statistics has issued its detailed statement of
London, Saturday, September 14, 1889.
Ths Stock Exchange settlemant this week has not had as
the foreign commerce of tlie country for tlio montli of August,
upon the money market as its two or three
18S9 and 1888, and for the two and eight months ending much influence
immediate predecessors. Borrow-.TS for the Stock Exchange
follows:
August 31, 1889, and 1888, as
were able to obtain all the money they wanted at an average
MBRORANDISE.
of 3% per cent, while call loans were only about 2 per cent.
The discount rate, too, has tended downwards, and is now
For the 8
For the
For the 2
Tlie interniption of business
vionth of Kontbs ended Monthf ended hardly more than 3J^ per cent.
Au^imt 31.
AuguHl.
A Ujjuiti 31.
by the strikes has lessened the demand for banking accommo$58,887,171 $11 0.2!) 1,442 $46S,523.416 dation; the French banks with branches in London have been
1889.— Exports— Doiuestlo
837,110
1,6 84,358
Foieigu
8,14 3.236 competing actively for English bills, and
the liberal purchases
$5U.724.r81 *lll,982,i-:00 $473,66ti,652
Total
65,052,132 13.">,835,9b8 528,1:5,096
Imrorts
fxcess of exports overimporte
zoesg of til) porta over exporte $5,327,551 $23,853,188 $54,508,444
$45,f'32,24S $89,873,9S6I$391,4 18,828
883.— Exports— Domestic
9,5')l,(i50
2,047,,'i65
Foreign
770.814J
Total
f4«.703,0(>2| *9 1,926,35 $402.961»,8 8
5S,30p,479 117,'76.124j 490,394,951
Import?
Excess of exports over Imports
Exce»B of imnnrts over exports $11,692.4171 $25.849.773 837,425,073
1
OOLD AND BILVBR—COIN AKD BULLIOM.
of bonds by the United States Secretary of the Treasury have
created a general belief here that there will be n-5 demand for
New York
this year.
Therefore, the joint-stock and
and the discount houses are inclined to lend and
discount more freely than recently. O.i Thursday, it is true,
which was pay day on the Stock Exchange, thire was borrowing at the Bank of England at per cent, but the amount required was very much smaller than at recent settlements. Not-
gold for
private banks
!>
withstanding the easier condition of the market, however, the
1889 -Exports— Gold— Uom.
.
$262,104
158,072
$420,176
.
Foreign
Total
Silver— Doll)
Foreign
Total
Total exports
$3.01 ".,475
1,217 ,742
$4,229,217
$4,019,393
$497,927
1,528,405
$2,026,332
$2,623,061
Imports— Gold
Silver
Total
Excpf s of exports over Imports
Excess of imports over exports
1888 —Exports— Gold— Dom...
$5,141,901
560,061
$5,701,962
$4,801,257
2,049, >09
$6,851,066
$12,553,02 3
$1,333,209
3,289,000
$3,911,51109,435
$191,130
Total
Silver- Dom.
Foreign
$1,0:;0,H82
Pl,fll6,610
.
Imports— Gold
Silver.
Total.
ExcesR of exportsover imports
$14,57.<.7T2
5, 36,165
$20,414,937
$14,036,360
3,141,061
$17,177,424
$37,592,301
$5,595,881
Imports
Excess of exports over imports
$1,390,0 47
Excess of imports over exports $2,701,490 $15,922,369
1888.— Exports— Domestic .... $47,998,725 f97,«13,r,22|$4 23,033,960
Foreign
1,190,596
2^7^270 17.528,279
Total
$49,189,321 $10it.491.892|$440,iU2.239
Imports
59,950,61)8 120,780.992 *50i.59M.3l7
Excess of exports over imports
Excess of imports over exports $10,767,2871 $20,289, ICO
64,037,078
TRICTS AND
POKTS.
August,
1889.
8 months enAiUQ
Awjust
hnvont,
Exportg.
1889.
31.
8 nionMwew'iiny
Awjust
31.
1889.
I
t
Baltlmore.Md.
Boston, Mass.
BuffaloCk.N.Y
Champl'n.N.Y
Cbarlest'n.S.C
ChlcaBO.Ill....
Cincinnati. O.*
Detroit. Micb.
Duluth. Minn.
Galveat'n.Tex
Mllw'kee.Wlh.
Minn's'a.Mlnn
Mobile. Ala...
New Orl'ns.La
New Yorlt.N.Y
Niagara, N.y..
Norf(.lk. Va..
OreKOn.OrcK..
OeweKa'le.N.y
OflweKO, N.V..
934.0.ST
*
B512.83H
5.3n«.l>';)
4 lo.aoa
S.BSl.OO:!
a3«.105
75.V31
I.412,S64
173.5,W
21)1.440
1S4.71«|
13.H
«
ti.sii.noo
4s.C5l,8»4
3.40»,»51
t
7.921,403
.'58.4--H.B0a
29,022.833
47.3118.877
8(J.ll9U.29«
a.aoH.uH
41.9i)3,»i'»
3,<:51.70()
2.<I0J.9'I4
328.H30
8.e97,40H
5,845.239
1.976.100
2S8.17B
2B9.707
l.04»,4«:i
1,1114,741
4,8B1,0''S
4SU.915
««2.4I5
8.3.^7.W0
l.HWS.alS'
l,N70.1,3l)
3«1.41i;i
(iVo'.i'ai
l,0ii.8«1
!{,04i),i)0!i
4,51».a:i2
2.Ht7
t5a.ill3
171,79,1
10.01.17
e0,:i43
3Bii,93S
47».4.'W
B3-<.131
S8f.91«
078.414
4.408.52B
100.492
840.:«4
2.U«,9»l)
4^.ifin
71,«15
6.hV!2'
150,251
^7.374
55.1S6
44,'<,«H0
B32.B75
52.BI0
possible that gold
may
be required for
—
123 per cent. This is causit to be still higlier
ing grave anxiety to all who are inte ested in Argentine secuities.
The general public, it is true, do not as yet appear to
recognize the gravity of the situation, but the great financial
houses are urging the Finance Minister to stop at once the
Naturally, the Finance Minisissue of notes and of cedillas.
ter is unwilling to do this, as he fears that it might precipitate
the crisis everywhere apprehended. On the other hand, if he
does not stop the issue it seems as if the premium would continue to rise and end in an utter crash. The effect would be
deed, represent
DIS-
it
compromise has been accepted.
Telegrams received by London banks having branches and
agencies in the Argentine Republic announce that the premium
on gold has risen to 115 per cent. Some of the telegi-ams, in-
IMPORTS AND EXPORTS BY PRINCIPAL CUSTOMS DISTRICTS.
OCSTOMS
althoug'i at one time
The price of silver has advanced this week to 43 9-16d. per
ounce, in consequence of an increased demand for India.
At last we seem really to have reached the end of th ^ great
strike.
Some dors ago the Lord Mayor, Cardinal Manning
and the Bishop of London, affor long negotiations with the
leaders of the strike and the directors of the dock companies,
induced the latt?r to offer to raise the wages of the men to sixpence an hour from the first of January next. But though the
compromise was supported by the leaders of the strike it was
rejected by the men. Yesterday the sam3 intermediaries again
intervened, and a proposal has been made that the men shall
resume work immediately at the old rate of pay on condition
that the dock companies shall raise the rate to sixpence an
hour from and after the first Monday in November. Tnis
.f62,161.0.50|$120,24 1,600 t525.340.847
2,212,924
4.294,228
22.14 0,334
$64,373,974 $124,535,82-! *.547.431.18l
67,07'',461 140,458,197 546.091,134
Foreign
And
it
per cent makes
the River Plate.
TOTAL MERCHANDISE AND COIX AXD BULLION.
Total
week
11.5
Excess of iinportpoverexporta
1889.— Exports— Uome.'ilio
England
seemed as if considerable gold would be cbtained
from France, and on Wednesday and Thursday about £l.'57,00O
was obtained, yet there has been a decline since in the Paris
exchange upon London, which appears to indicate that the
shipments may cease for a while at all events. Over and above
all this, the rise in the gold premium at Buenos Ayres to a'X)ut
this
$3,823,089
721,470
$4,544,559
$8,565,541
$354,880
2,449,979
8,<i08,485
$3,004,868 $14,204,366
$5,560,673 $23,387,995
378,489
$2,i95,129
$2,486,259
$207,843
1,353,2-6
$1,561,129
$925,130
Total
Total exports
the strikes are completely ended.
$4,622,20^)
41,29:
of
holds a reserve inadequate for this time of the year. The
internal circulation is sure to expand considerably as soon as
still
$7,930,819
$149.83';
Foreign
The Bank
reaction appears to be but temporary.
1,123,977
2,470.290
1-99.113
3,154,937
severely in this market, where Argentine securities
are very largely held, and it would also seriously affect the
Continental markets. Several French, Garman and Dut?h
felt
5411.91 n
2.2-B.019
81«.5i)l 2.0RO.U49 lO.IHS.BSl
").423.78" 41.997.40tl
8.094.2.IH
43.04H..-,K« 31.S44.U>7 3a«,74:i.()07 3l3,814.48ii «iD,U9U172 191,908,58-i
a7;;.l)8i
2.BOl,24l|
'12,l;5l
+:i4,7«'i
i!,lBU.197|
+35.' '37
li'S.vS'i
35.778
28.971
3,7,53.796
4.1.5^840
^4»l
631.7741
120.999
1 12.7<'8
1.134.035
B 9.975
banks have during the past year brought out Argentine issues
wh'ch were regarded as so doubtful by English capitalists that
I9S,.',12
1.5118.921
they refused to launch them, and there are apprehensions that
3,«il3,.',99
Phlliidel'a, Pa.
18.029.743
31.214^
Portland. Me..
B 1.239
B5U,t78
841,B40
807,070
a crisis in the Argentine Republic may place SDins French and
2i«0-i-»;
St. Li.ul9..Mo.'
J,91«.57B
2.1'J3,11B'
4.'j.28ii
'23,71
San DieKcCal.
21>l.,4>14
205.'IBI
482.5751
335,7.31
German banks in a very critical position.
San Fran., Cal. 4,B19.458 2.'^l.4Bfl 3B,2«9,5..«; 31.783,2951 20.779.3
18,010.913
2:i.nrt5
Savannah, Ga.
;103,5»3
241.57*1
191,0IB'
5,920.437
B.24 4,571
There are also fears that Italy may have diflRculty in main£8l).-04
Vermont, Vt..
13fl,951
4,339.130
4.27«.0'13
1.2.'49.928
1.11(3.127
4X.43S
Wlllamette.Or
IIT.TIB
71-5.051
2.'i79,7M3
3,19J.BB?
e42,.59j!
taining specie payments. The crisis in the building trade at
7,390
Wilmlg'n, N.C
40,438
122,40S
85.BB1
1,0 i8,B00
1.148.727
Turin compelled two of the leading banks in that city to close
Totals.
(Including all
t leir doors about a fortnight ago, and their stoppage involved
nfh'r n(,it-.l BC ,0.>2.1^? 59.724.581 .528.175.(190 490 Sfll.951 473,<I68.IW3 402,989.878
one of the leading Roman banks in gr.ave difficulties. This
Eemainlngln warehouse AagustSl, 1833
$36,172,750
bank applied for assistance to the National Bank, and its apEemalningin warehOMe Aiigii.it 31, 1883
4t,S9l,63J
The
plication was strongly supported by the Governmsnt.
" Interior ports to which meruharidise
oaa be transported without National B.mk appointed a committee to inquire into its afappraisement, under act of June 10, 1880.
fairs, and the committee, it is reported, were so diasatisfied
+ Incomplete in the aliseoce of law providini? the means of collecting
with what they discovered that at first they refused to make
tlio statistics of exports to adjaoent foreign territory by railroad cars
Mid otber land vehicles.
any advance. Under pressure from the Government, how1
107.(51
275,042!
3,498,511
3«9.5"«
l.l«9.»9t
1.551.B12
30.848,402
l,lo4.178
1.482.735
31,190,172
1,185.088
1.242.548
19.«IW,515
2,551,642
1,215,754
•
|
THE CHRONICLE.
392
[Vol. XLIX,
bank has now agreed to lend 30 millions of lire, equal view of the check to traffic occasioned by the strikes. The
on condition that it be allowed to in- total exports, month by month, showthe following contrast:
1889.
Per clExportl.
1888.
Differrnre.
crease its note circi.lation by that amount, without, however, January
£20,479,341
*18.583,671
4-£l, 895.670 + 1020
Peo- February
— 383.139 - 202
reserve.
18.992,423
18,609,284
being required to increase increase its metallic
1P.047.3('7
March
21.381,427
+ 2,334,120 + 1225
10'09
ple are asking wliether this is not a first step toward the sus- April
19,569,647
17,775,474
+ 1,794,173
19,276,225
20,335,738
+ 1,059,513 + 5-50
circulation of the May
pension of specie payments. The total
— 430.339 — 226
.luno
18.612,506
1U,04:?,«45
~ 3,288,201 + 6-20
22,050,879
20,762,178
Italian banks amounts to about 42 millions sterling, and their .Tuly
21.187,759
138,248 +
65
i.'1.326,007
But of this re- August
sterling.
about 18 millions
ever, the
to 6 millions of dollars,
-I-
metallic reserve to
serve only 14 millions sterling are in gol i. The Treasury holds
over 6 millions sterling in gold, but there is no coin of any
amount in the hands of the public. The reserve upon which
the specie payments depend, it will be seen, is small, particularly as is is to be remembered that Italy is a debtor country.
largely against Italy, and
the adverse balance has been increasing alarmingly since the
breaking oflf of the Commercial Treaty with France. Besides
Every year the balance of trade
is
-I-
4-97
£ir)4,667,'82
£162,364,329
+i;7,''96,447 +
Exports of foreign and Colonial produce transhipment business has been much interfered with by the dock strike, as for
the month the falling off was 23I4 per cent.
8montliB....
18^9.
Exporlt.
January
February....
March
April
May
Juno
1888.
Perel.
Differenft.
+£l,6.50,«i33
5.289,291
5.254.503
5.100.207
7,147,199
+ 41-65
+
+
£3.963.925
£5.614,558
5,408,311
6,003,975
5,573,827
6,731, n37
4,507,702
6.178,635
4.272.745
+
20
749,472
473.620
119.'
+
—
—
,-i.-S20,113
2-25
-(-14-26
+ 9-29
- 5-81
—15-27
415.6t)2
8 12,411
a considerable proportion of the Italian debt is held Juiy
— 332.756 — 6-11
H.511,391
— 1,293,810 - 23-25
5.S66,555
abroad, and the interest on that debt has to be paid in gold. Auguet
Unless, therefore, Italy can borrow largely, it is generally be- 8 months.. ..
£44,291,290
£44.153,184
+ £138,106 + 3-13
lieved that she must verv soon suspend specie payments. She
The comparison of import trade is given below. Textile
cannot borrow in France, because of the hostile feeling be- imports for eight months that is, raw material— liave intween the two countries, and neither England, Grermany nor creased 10 per cent in value, and all imports have been over
Holland appears at present inclined to take up an Italian loan. 10 per cent more in value than in the first eight months last,
For it is to be recollected that the finances of Italy are in a year.
,
very bad state. With a large budget deficit each year there is
1889.
1888.
Imparls.
Differenet.
Per eti
£34.80.',988
January
£38,025,774
+ 9-21
-h £3'.222,7K6
an accumulated floating debt of inconvenient amount.
29..532.776
Februai-y
32,311,877
+ 2.799,101 + 9-4.
32,590,821
March
36,225,883
3,635,062 + IViZ
A belief has sprung up in Paris that the French Government Anril
32,09«,6:i3
37.-225,549
+ .^, 126,856 ^-15-9~
will take advantage of the financial diflSlcultie? of Italy in the Miy
14-59
34,802,437
39,370,775
+ 4,431,662
— 1,184.839 — 3 8^
29.294.015
30.478,854
negotiations now going on tor the renewal of the Latin Union. June
30.70C.412
35,873,247
5,1^6,835 +16-82
Juh
-f
It is, of course, to the interest of France to renew the Union,
32,s,02,02i
30,006,140
August
+ 2, -95, 888 + 9 65
and ultimately, therefore, it is generally expected that it will S months
£250,28",359 -H£26, 161,951 +10-45
£276,449.310
be renewed. But in the meantime it is thought probable that
The following return shows the position of the Bank of
France wiU affect indifference, and will spin out the negotia- England, the Bank rate of discount, the price of consols, &c,
tions for the purpose of alarming the Italian Government and compared with the last
three years:
compelling it to come to a better understanding with France.
While the negotiations for the renewal of the Latin Union
16*9.
1888.
1887.
1886.
are going on the Universal Monetary Conference has assembled
£
£
i
i
24.605,905 24,273,940 24,595,625 24,5f 3.020
in Paris under the presidency of the President of the Bank of Olronlstlon
that,
—
-I-
-|-
I
About 170 delegates are present from the principal
European countries, the United States, South America and
Japan. But in Great Britain, at all events, no practical re
suit is expected from its discussions.
Although many of our
ministers incline toward bimetallism the great majority of the
people are satisfied with the existing monetary system, and it
is not thought possible, therefore, that our Government can
France.
Public depoatti
4.400..'i04
8,810,389
4.117.353
Other deposftB
24,761,530
24.846.292
21.927.001
SOTarnment
18.042.742
14.580,892
14,721.400
Other seoarltlea
20,680.532
19,731.010
19,807.13)
KMerreof noteasndooln
12,421,018 12.698,644
20.«8e.92l' 20.769.584
44
42 5-18
2.598,336
23.244,430
12.336.643
19.327,248
11.643.039
fleonritles
Coin and bullion
Prop, assets to liabilities
p. 0.
Bank rate
Ooniols
Olearlng-Hoase return
i*H
1
4 p. C.
97 3-16
12.617.104
21.400,124
20.288.664
4p.
4 P.O.
48>4
3HP.0
c.
98 5-16
I
109.9<18.000' 101.937,000
87,474,001
115.078,000
make
the concessions that will be demanded of it. On the
other hand, if the English Government adheres to the established policy of the country,
it is
doubted whether anything
can come of the conference.
There has been more activity upon the Stock Exchange this
week than for a couple of months past, especially in the market for American railroad securities. The great operators are
still absent from the city, and the general public has not as
yet begun to buy, but members of the Stock Exchange are
The following shows the imports of cereal products into the
Kingdom during the first week of the new season,
compared with previous seasons:
United
Wheat
owt.
IMPORTS.
1889.
1888.
1.434.644
1.128,350
23J.674
181,484
Oats.
Peas
Beans
[ndlan
Flour
com
dealing more freely. The losses in the market have been so
heavy since the end of 1886 that there is very little courage on
Supplies of wheat
the part either of operators or the public. Therefore, any stocks on September 7):
check to the advance in New York would instantly excite ap1889.
1888.
1.128,3,50
prehension amongst speculators here. If, however, the ad- Imports of wheat.cwt. 1,434.644
370.177
339,600
Imports of Hour
vance is maintained no doubt our public will regain confidence Sales of home-grown.
523,520
283,473
and a large business will be done by-and-by. There is also
2.328.341
1,751.423
Total
week. 31 b. Od. 378.
more doing in the market for gold shares and diamond Aver, price wheat
The following shows the quantities
shares. But the continuance of the strike affects unfathe United Kingdom:
vorably British securities generally.
In
the
Interna- maize afloat to
tional
Market
approach of the French elections,
the strained relations between Germany and Russia, the Panslavist agitation in the Balkan Peninsula, and the crisis in
the
This ireek
qrs. 1.493,000
180,000
Flour, equal to qrs.
WTieat
Maize
urs.
The general expectation now
that the Boulangists will be defeated at the coming elections, and that there will be immediately afterward a general
increase of business and a rise in prices, especially if, as is
ing the state of our foreign trade for August, and on the
whole they make a very satisfactory exhibit, especially in
1887.
1,302,090
304,702
761,591
1886.
1.446,126
366.309
428i763
2,36».383
1.941,298
328. 5d.
9d.
of
Last week.
1.518,000
203.000
403,000
298.
Id.
wheat, flour and
1888.
1,946,000
240,000
258,500
1887.
1,668,000
164,000
257,000
The daily closing quotations for securities, &c., at London
by cable as follows for the week ending
London.
German Emperor goes
reports of the condition of the crops are more favorable. The
market is very dull, with a downward tendency.
The Board of Trade has this week issued the figures show-
358,000
.
ire reported
Sept. 27:
now
reported to bo arranged, the Czar visits Berlin before the
to Athens.
The weather this week has been very fine— brilliant sunshine, with greater heat than is usual at this season of the
year. Harvesting, therefore, has made good progi-ess, and the
1886.
l,146,22t;
Enellab Financial lUarkets— Per Cable.
Italy, all discouraged business.
is
1887.
1,302,090
207,301
135.137
418,919
204.653
209,283
402,878
29,477
50,312
40,149
50.609
76,406
85.235
91,705
75.368
800,285
682,288
395,740
577,006
339,600
370,177
301,702
306,309
available for consumption (ex<elusive 0^
Barley
Silver,
Sat.
per oz
d.
Consols, new 2% per eta.
for account
do
Fr'ch rentes {In Paris) fr. 85-60
D. 8. 4»s8of 1891
tJ. 8. 48 of 1907
Canadian PaciHo
Ohio. Mil.
A
St.
Paul....
Erie coniuion stock..
nilnols Central
Pennsylvania
Philadelpbia & Reading.
New York Central
Jfon.
Tue$.
Wed.
42»i8
42»,„
421iif
9616,
961»„
9616,,
Thurt.
4211,
9616,8
Fri,
421I,e
96l»,'e
97ii«
97
9616,, 96''8
971,„
86-I7I2 86-50 86-37I2 80-40
36-40
108
108
108
108
108
130
69 >s
130
68 "«
74%
74?i
29''e
24
29 >4
120 >4
55 19
24
Ill's
nils
120
5518
130
70
74 '4
29 '8
120
fiSig
23-8
111
130
697s
747a
30
1-20
55 >s
24
111=8
130
70
75%
:
O's
120>s
5598
24 14
II214
September
THE CHRONICLE.
2S, ii»9.j
{i!;omnteccial
and
Metr »
IIKtscellatietftts
—
Nation.\l Banks. The following National Banks have
recently been organized:
4.115— Tlio Dawson National Bank. Georgia. Capital, $50,000. A.J.
Carver, Prosidunt;
$60,'iOi>.
K.
S.
Clii'istli!,
Cashtor
Natiouiil Bunk of Docatiir. Texas. Capital,
Preaiileut; R. 8. Vunw, Casliior.
4,116—The WlHO County
II. .Si'W'll,
4,117—The Livingston National Bunk, Montana TenitoiT.
Ciipllii],
Pifslilent (JeorKo I,. Caicv, Cashier.
of Oranf,'e, Texas. Capital, li:50,000.
\V. 8. Davidson Cashier.
II. .7. Lntekcr, I'resiilent
4,119— Tlie Atlantic Iliclilands Nutioiiai Bank, N. J. Capital, .$50,000.
Chriueylnees lloinics. rn-iiiiiit Chailes II. Kly, Cashier.
4.120— The Fust National Bank of .Santa Paula, California. Capital,
$75,0110. C. II MiKevelt, President; Jos. K. Haii«h, Cashier.
4,121— Tlie CltizenV National Bank of Kokoino. Indiana. Capit il,
Riehard Ruddell, President; (leorge E. Ifriiuer,
$100,100.
Cashier.
4,122—The rirst National Bank of Oakcsdale, Was'ilnston Territory.
Capital $50,000. Samuel Brown. President; Cims. .\. Brown.
$50,00(1.
Fiist National
4,118—Tlio
,
;
Bank
;
;
Cftflliit'i"
4,123-Tlie First National Bank of Marluetfe, Wis. CapitJl, $100,000.
E. Scotleld, President J. F. Uaucook, Cashier.
4,124— The Bo ton National Bank of Seattle, Wa hin/iton Ter. CapiUernian Cbapln, P.esldent, Wm. R. Tliormll,
tal, $300,000.
;
Cashier.
January.
FOREIGN I.MPORT3 AT
For Week.
Dry Goods
$2,340,578
5,171,681
Gen'l mer'dlBe.
Total
Since Jan,
NEW
YORK.
1887.
1886.
1888.
1889.
$2,967,933
6,798,307
$3,058,715
5,638,704
$9,766,240
$7,512,259
$2,039,361,
6,231.831
$8,271,192;
$8,697,419
1.
Dry Goods
Gen'l mer'dlse.
The Bankers' Convention.—The annual convention of the
bankers took place this week at Kansas City, pleasure being mingled with buKinesH and instruction in the usual happy way. Mr.
Wm. P. St. John, President of the .Mer-.^antilc National Bank
of this city, read a i)apor and submit.ed a pr.i;)miti<m which
elicited considerable comment and discuiwion.
Mr. St. John's
purpose is, a« expiessed in his own words, to devise a plan
whereby "our coinage of silver shall be increased without
"thereby increasing the existing sum of our circulating
money, except by the very moderate annual addition of gold
"coin; at the same timetoannulalleffect of bank-note contrac" tion, and avoid all other contraction of our money, in the
•' period during which the
outstandm^ U. S. legal-tender notes
" are ^adually retired." The proposition itself and the points
'.'
on which
it is based, are as follows:
Proprailwi, In lieu of the existing coinage law, by which tbe Secretary of the Treasury Is re<pilred to invest the sum of not less ibau two
million dolUrs uiontlily, and Is authorized to Invest four mllil 'O dillars
monthly in siver bullion, to coin It as rapidly as purcha'cil IntostaniVard dollars, enact in ctTeet as follows;
The Secietary of the Treasury to be requ'red to Invest In silver bullion
monthly, and u >lii it, not less tuan the aforesaid au horlzed sum of four
million do lars; always, of course, provided that hesh,ll not pay a price
exc( ding 99 >« cents for every sum of 41 2H! grains of silver nlne-tentha
The Secretary likewis to be required to < aneel U. 8. legal tender
tine.
notes coni'urrently ami in like amount as the sliver dollars coined are
idy for di livery by the mints; but the required sam of legal tender
If
not4 8 thus appointed to he canceled to be alwaysdlnjints'tcdby the snm
of current suriet ders of circulallon l>y the natlonul banks. And the
gold and silver certiticates now is Hied, and to be issued under the term « of
now existing law, to be made lo<.al tender, as are the U. 8. notes which
It Is propo-sed to thus retire.
lu support of this pn position. In the attempted persuasion of those
who have any timidities as to silver (and some fears would be reasonable If we were proposing free coinage), we assume, as follows:
First.— That the Uniteil .states legal tender notei onglit to be retired.
Second.— That the people will not saictlon the retirement of the
United States legal tender notes until means shall b ) d -vised to retire
tliem without thereby CDUtraeting the sum of our cirou'ating money.
Third.— That inasmuch as the existing law serves to a Idthirty million
dollars of siUer nnnnally to the V(dume of our mouei'. a proposition
which shall substitute, as the only possible Increase of our money, a
paltry sum of gold, ought to bo emineully acceptable to those who have
•
—
Imports and Exports for the Week. The imports of last
week, compared with those of the preceding week, show an increase in dry goods and a decrease in general merchandi se.
The total imports were $8,697,419 against $8,475,738. the
preceding week and $9,7.54,466 two weeks previous. The
exports for the week ended September 24 amounted to
week and $7,98.5,467
last
^7,322,233 against $6,177,320,
The following are the imports at
two weeks previous.
New York for the week ending (for dry goods) September
19 and for the week ending ffor general merchandise)
September 20; also, totals since tlie beginning of the first week
in
393
$93,'il6,148 $97,766,805 $101,805,032
251,401,939! 245,959,224 266,930,391
$88,858,4'2
230,005.895
Total 38 weeks. $318,864,307 $345,218,087 $343,746,029 $368,735,423
any
fears of silver.
Foiuth.— That inasinu h as the existing sum of silver and the existf^iim of piper both clrcula'e at par. (ojr«fft<r, the-efo-e to Increase
sum of one, while at the .same time we diminish ihi sum of the
other, can have no ell'ect upon our ability to maintain either one at par.
Hence, we need not be mindful of wliat sum we coin of silver so long
as we continue to retire the same sum of paper because we' thereby
add nothing to the sum of money already atlu.tat par.
Fif h.— That inasmuch as there is no statute requiriug th tt the Treasury shall lUxintai a reserve for redemptions of the legal tender notes,
and authority to maintain any reserve is hut an Inferenc of law. theref re the assnr.trce is wanting that a resei ve of any importance, if any
at all, will be allowed in future whenever the Gov, rnmeot in -ome ana
exiendituies annually fhall be le.-s wide apart than now. But if a reserve shall be maintained lu future against these notes, and we are now
adding thirty millions ot silver annually to the volume of our money,
the coin which the incumbent Secretaiy may hereait^r most convenleutly seleet and hoard, for such redeiupLions, will be as f lequently nilvw
ing
the
;
1
i
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending September 24 and from January 1 to date:
EXPORTS FROM NEW YORK FOR THE WEEK.
1886.
1887.
1883.
1889.
.«6.397,163
218,8.'5,075
$6,773,57!
203,266,671
$7,322,233
244,470,433
coin as gold.
For the week....
if6,650,217
PriT. reported..
223,434,100
Total 38 weekF. 1*230,084,317 $225,222,218 $212,010,242 $251,792,666
The following
at the port of
since January
1888 and 1887:
shows the exports and imports of specie
for the week ending Sept. 21 and
1889, and for the corresponding periods in
table
New York
1,
1
EXPORTS AND IMPORTS OF SPECIE AT
NEW
YORK.
Bxportt.
Some remarks on
Iviports.
Week.
Great Britain
.......
West Indies
Mexico
South America
AU
Total 1889
Total 1888
Total 1887
Since Jan. 1.
Since Jan.l
Week.
$380,634
$12,351, S."4
27,718.805
5,273
'$2,066
4,237.190
$'16' 8 73
30,300
2,049,072
76,200
2,20;i
1,461,804
1,849,352
282,859
51.043
119,849
647,292
$14,553
151,739
$4,792,833
5,282,162
"4.906
other countries...
$6,900 $46,468,734
103.230 18.893,583
54.657
6,343,731
1,000
480
24, =158.023
3,350,65:
Exporlt.
Importt.
Week.
Great Britain
1.
Since Jan.l.
Week.
$289,200 $13,867,181
3,000
174,300
Germany...,
West Indies
Mexico
South America
since Jan.
1
$87,598
598
973
1.075
138,031
$1,500
112.727
156,157
190,C02
304'
42.429
751,851
in the article
J. S.
Auerbach.
—Portsmouth, N. H.,
took Co., Maine. 4
4 per cent school bonds, and Aroospercent bonds, are offered for sale by
Messrs. E. H. Rollins
& Son,
Boston, as per advertisement in
another column.
51, .508
'l4',775
All other countries...
1
Total 1889
Total 1888
Total 1887
columns
—
and
Silver.
$306,975 »14,5 27,396
431,915
9,302,7!'0
177,321
$1,804
4,199|
32,800l
8,250,512
$1,017,684
1,316,035
1,501,302
Of the above imports for the week in 1889 $9,562 were
American gold coin and $1,804 American silver coin. Of the
exports during the same time $6,900 were American gold
com.
—The attention of bankers and investors
Anctioii Sales.
— The following were recently sold at auction
by Messrs. Adrian H. MuUer
&
Son
:
Sh/trci.
Sfiai'es.
20 Park Fire Insur. Co
70
220 Indian Queen Mining &
Milling Co
50c. persh.
too Carbonate Hill Mining
Co
50c. persh.
400 Florida R'y it Nav. Co.
pref
$16 lot.
30J Florida R'y & Nav. Co.
rommon
$10 lot.
I
|
I
|
I
I
I
6 PcnnsylvauiaCoalCo.... 310
100 Ban Miguel Gold Placer
.MiningCo
$1 lOperfh.
5 Commonwealth lus.Co... 100>a
18 Standard Oil Tr... 172'4-171
20 Am. iKjan ATrust C0....II&
«o»idn.
I
I
.•f2,000
Oreg. Pae. RE. Co. Ist
L. G. 8. F. 68,
19U0
100
called to the fullCo., in the Invest-
is
page advertisement of Messrs. Harrvman &
OR.S' Supplement of this date, issued with the Chronicle.
This firm mtikes a specialty of selected city, town and other
securities for investors, besides doing a banking business in all
other branches.
—
the above proposition will be found in our
on the "Financial Situation.''
The International and Mortgage Bank of Mexico, capital
stock $3,500,000, wiU shortly open its doors in the City of Mexico.
The charter confers powers which are quite new in
Mexican banking, such as authority to issue certificates of deposit for silver or gold, payable at home or abroad, thus
avoiding the transmission of actual bullion. The bank will
introduce into Mexico the United States banking system. Mr.
Morris .S. Belknap, the Gen. Manager of the Central R. R. and
Banking Co. of Georgia, is to be the cashier. Tlie directors in
the United States are Messrs. H. B. Hollins, Robeit Colgate, M.
Lehman, E. E. Denniston, Wm. C. Houston, Jr., B. J. Burke
editorial
Gold.
Germany.....
Sixth— That Inasmuch, then, as the legal tender note is no more certain of gold redemptions than of silver r. demption', and nit certain (rf
in the nearer distant future if the people shall more
it "money," the wisest now of all advis ible proposals
Is that these notes shall lie conve ilently rotire<l as rapidly as pnssilile.
Finally— Tuat the adoption of this propo.si!ion because of the thereby
assured enhancement of the price of silver, would serve to wrest from
Kiigland an advantage against lis which she has now in trade with India, amounting to about 33 per cent ag<inst tlie United Stales, as we
compete with India to supply Great B itai with the products of our
soil; therefore this proiiosltion ought to beadopttd without delay.
any redemptions
aud more esteem
Messrs. John H. Davis & Co. are now offering the remaining sixty thousand dollars* worth of the St. Paul City Railway
Company b<jnds at par and interest. Parties desiring to purchase a 5 per cent 50-year bond should look to this ailvertisement. ,
Spexcer Trask &
nANKKRS.
Co.,
New York
City.
NoK. 16 and 18 Broad Street,
ALBANY. N. V.: SAK.VTOtJA. N. V: PKOVIDESCK. R. 1.:
TR.l\S.V<r .V GKMilt.VI. B.VNKIXi BISI.XESS.
All classes of Securities nought and .Sold on Cmiimlsslon. Special
attcnticm given to Investment Securities, Direct wire to each ollice
and to Phil.idelphia, Boston aud Chicago. ,
THE CHRONICLE
394
'gilt
and the changes
ganliers' ^nzzXXt,
figures are 4 84' 2
Per
When
Cent.
Payable.
Railroads.
Norfolk
>V
Wesleiu,
|v pf
Clilc, ajicclal (quar.)
Pitts. Ft. W.&
Pitts. Ft.W. .<• riilc,. guar, (quar.)
2«2
1
Oct.
Oct.
Nov.
1
S^
mi
I'll
1%
Oay» luciutire
1 Sept. 17 to
1 Sept. 28 to Oct.
3 to Oct.
21iOol.
].'5|Oct.
1 to Oct.
Oct.
1^
Nov.
Oct.
iniiicellaneons.
Brooklvu Trust t:o. louar.)
West. I>>!)ti .< H«iiiriticaCo.(qr.).
3
Sept.
Sept.
21
21
to Oct.
28 to Sept. 30
e
20 to Oct.
1888.
1889.
li
in
Com
Barley...
1,988,
416,
702,
21,
58,
TotiU..
3,188,
"Wbeat...
Oats
Rye
Total
Vaiuation.
Setit.
25.
Bughch Price
23 Ja
Total
in
5013
33,000,000
1,168,000,000
1
25.
2,050,
486,
725,
21,
60,
12,000,000'
57
Seat.
Miirnif.
825,000,000
133,000,000
165,000,000
41ia
104
3131
551,000,000
81
3:)1,000,000
igie
411a
139.000,000
10,000,000
36.000,000
Valuation.
50
'1,230,000,000
3,315,
The open market rates for call loans during the week on
stock and Ixjnd collaterals ranged from 4 to 7 per cent
until to-day, when the rate was bid up to 10 per cent temporarily.
Prirne commercial paper
is
qucted at
per cent.
5c<t5}2
The following table shows the changes from the previous
^reek and a comparison with the two preceding years in the
averages of the New York Clearing House banks
:
1880.
Sev>. 21.
Loans and
1888.
Tiff t'*nc''*fr'm
Prev WttI;
Se,,l.
60.762.700'
Capital
Surplus
dlsc'ts.
Specie
Circulation
Kct deposits
i.cKal tcuders
I.egal reserve.
Reserve held.
22.
1887
SeiJt.
:
60,762,7001
54.625.100
409.602.300 Dec.
4 Per P(nt« nut 1907.
Pent4 due 1891.
PurcVM
49,781.000
100,900 391.397.300 346.428,800
70.9i)'(.O00 J)cc,3.33S,S0(l 80,599.700 70..;2i.9()0
3,!l3:l,900 Dec.
n,sO(l
7,9;i0.3(ll)'
M,^:^7,9rHJ
420. 1 6H,400 Dec. J ,1 0, 100 406,309, 100 341,l'y5,90O
36,023,500 Dec. 851,600| 32,921,300 20,778,800
10.5,042.10o'Dec.l,035.025'l01,577,275| 85,483.975
107,021. ."iOOlDcc.l.l 90, 100:1 I3,5il,000' 91,300.700
'
1
Of erinj*
Prices paid.
$9,350
105«
100.10(1
lOoJi
89.700
33.000
33.000
2i>'),000
69,500
lOSiy
1.151.850
1,139.35(1
103«
.
..
837,400
»I7,250
58.700
153,850
€81,000
128
12S
123
123
128
gus.ioo
997.900
128
62,950
52,950
33.150
1
•
closing prices at the N. Y. Board have been as follows
Interest
Sept.
ft'rt.
23.
Sept.
21.
Periods
Se;>'.
1891
rcK Q.-Mcli.!' l'.558*10.5!% 1 .)-0s:*10558
IV, 1891. ...coup Q.-Mcli.j' 1(:,5»8 105=8 1055s* 105%
lae'e *i2678 1-Mi~s ' 120''»
rejr Q.-.Tan
43, 1907
coup O.-Jan.i" 1277e" 127^8^ 12778 *12778
49, 1907
118 *liS
cur'cv,'95
rcK J & 3.' 118 1*118
6s,
'
.
*
cur'cy,'96.
cur'ov-'97.
cur" v;;, '98.
cur'3y,'93.
This
is
&
&
.reg J. i
.reK. J.
J.
&
the price bid at
ttie
120
123
126
129
Sept.
Sent.
27.
*105''^ *i- ^«H
•ir5»8*U5»8
*li678 •126T8
•12778 '127%
*118
1*120
1*123
,*i26
1*120
•126
120
123
126
1*126
*il8
*120
*:23
*126
*12i>
123
*12U
*129
-I2tf
I
J."
J.'
J.'
Teg. J.
.reg.'J.
:
26.
21.
4139,
6?,
6s,
Os,
68,
1«
33.150
154,850
631,000
105«
lOSH
lObH
Thursday..
Friday
Prices palc-
»K.«50
(3:,<Oo
290,000
63,500
The
&
Miirng.]
Friday.
"19,350
...
Monday
Total.
quietness, and sometimes braced up the tone all around.
NashThe principal event of the week was the Louisville
ville announcement on the 24th of an intention to issue
§13,000,000 new stock to retire at 110 some $0,463,000 of the 6
per cent collateral trust bonds of 1883, and thus prepare the
way for releasing a large amount of collateral securities
pledged therefor, and also saving the company about $700,000
a year now paid for interest and sinking fund. There has been
much discussion about this matter pro and con, but in regard
to any such transaction by a railroad company the question is
naturally to be asked whether they are doing what will be favorable to their financial standing in times of dulness and scant
business, or what will be a load to them under such circumstances. Tested by this broad inquiry, the answer must fairly
be given that the saving of §700,000 a year must be an essential advantage to the company.
There has been much satisfaction over the large crops secured this year, and so far as the railroads are concerned the tonnage in future months would seem to be
assured if prices are not so greatly depressed as to keep
the cheap grains from coming to market. The statement
below shows that on a liberal estimate of the crops of
the total value of them, by the Chicago
this year
prices, is much less than that of last year's crops in
These estimates arc quite general, and
the same month.
though correct enough at the time when made they do not
show at all what the whole crop will net, as prices are constantly changing. The exhibit, however, is of some interest,
giving the total estimated crops this year as compared with
1888 (in millions of bushels), the price in Chicago on Sept. 3.5
«ach yeai-, and the total value of crops on tliis bisis being
^38,000,000 less in 18S9 than in 1888.
Posted
jn-ices of
last
H2,600
Botarday
but nearly all in S])ecialtie3. The general market has not been
active, but almost evei^ day there has been a lively business
in one stock or another, which has relieved the prevailing
I
Oferings.
15
WALL. STREET. FRIDAY, Sept. -it, 18S9.-3 P. M.
The Money Market and Financial Situation. —The
week lias developed soma animation at tlie Stock Exchaiige,
BttihtW Price
iH Per
a?
Sept. 21 to Oct.
1 to Oct.
Oct.
Oct.
Oct.
II9
lower tlian
Wedn'aday.
Oct.
Oct.
N.itioiial (quar.)
Callatiu Xatioual
13
slight.
— Government bonds continue dull at
Exchange and
Tuesday....
Banks.
Cbatham
)
1
Oct.
Oct.
Oct.
ig
quoted
Books Cloted
{
have been very
•
the 4s iuid 4,i2S are now
Offerings to the Secretary
of the 'ireasury have again fallen off and the acceptances
amoimt to only §2,137,2o0 for the week.
The statement for this week is as follows:
the Stock
The foUowlnjt dlvliloods have recently been announced
Cbnrtlers
ChlcftK" K- I- * I'Hiltlc (qnar.)....
Del. L«ik. \- Wfsl. {(luar.)
N Y. CViitnil * Hiulsou (anar.)..
K. Y. A- Nfw Kiifc'liUid, pref
in actual rates
and 4 88\ 2
United States Bonds.
DIVIDENDSi
Satneof Company.
[Vol. XLIX.
120
123
morninK board
no
:
sale
*123
was made.
—
State and Railroad Bonds. State bonds have been much
neglected, the transactions being limited to a few scattered
Tennessee settlement 3s
sales, of which a summary follows:
at 74-!^; do. 5s at 103},^; South Carolina 6s, non-fundable, at
4%; Alabama, Class A, at 104.
The business in railroad bonds has been rather limited and
the market has presented a quiet appearance all the week.
While some irregularity was noticed at times, the general tone
has been firm and most classes are well held as to price. In
the early part of the week there was considerable strength
in M. K. & T. Ijonds on talk of the road going under the Chicago
& Alton's control. San Antonio & Aransas Pass bonds of
both issues were also strong at this time, and later a brisk
demand sprung up for Louisville N. A. & Chic, consols, which
sent them up over one per cent. Fort Worth & Denver Ists
moved up in sympathy with the stock.
Railroad and Miscellaneous Stocks.—"Until to-day the stock
market was dull except for a few specialties, which furnished a
large part of the business. Prices have been unsettled and
irregular, but fluctuations have not been wide except in case
of some of the particular stocks referred to. The bulls have
not lost confidence and predictions are still freely made that
the market is good for a further rise but as yet the money
question and Western rate affairs have much influence on the
;
general market.
Among the special features Louisville & Nashville has taken
the lead in point of activity, and advanced sharply in the
early part of the week, on the announcement of an intended
issue of §13,000,000 of stock to tak - up bo) ded debt, which it
was thought would help the company -to resume cash dividends. The first advance was followed by a reaction and
then the strength was renewed, the activity continuing.
Another important stock has been Union Pacific, which
became very active on Thursday and advanced, partly on the
handsome exhibit of net earnings for August, but Oregon
Short Line and Denver Texas & Ft. Worth also advanced at
the same time on various reports of a combination between
N(n-thtiiese lines for through traffic to the Gulf of Mexico.
ern Pacific preferred was very active in the first half of the
week and pretty strong. There is nothing new' in regard to
this company, and both parties seeking proxies seem to be
committed in favor of dividends on the preferred stock.
Among the coalers Jersey Central has had a further advance
Lackawanna
to Vi^li and Delaware & Hudson was strong.
has been less strong and Reading only about steady, with little
In connection with the rise in Jersey Central, it is
activitv.
to be remembered that §.5,000,000 of 1st inortga.^e bonds fall
due on February 1st next, and it was rumored first that an
issue of the g(;noral m<jrtgage bonds at 4 per cent would be
made to provide for them, and then that an issue of stock
would be made. Aside from these leading specialties, a few
others have been strong ahd higher, including Tennessee
Coal & Iron, Manitob.a, Milwaukee Lake Sliore «S Western preferred and Manhattan Elevated.
To-day, Friday, the market \\-as more active, and generally
a trifle lower in the afternoon, when a sharp break took place
in Atchison, carrying the price down with free sales to 34?;^,
there was no satisfact(jry
recovering to H.)!^ at the. close
cause for this break made public, but there were various
;
Surplus reserve
1.979,4O0|Dcc.3, 155,375
11,913,72
5,816,-
rumors of coming trouble.
Exchange.— There has been only a moderate demand for
Sugar Trust ha^ been i)rominent this week, having declined
sterling exchange this week, and the market continues dull sharply from day to day, touching 87^8 to-day. The cause of this
but generally firm. The hardening of the open market rates is not very clear there were various bearish i-uraors in circufor discounts at London and the con8e(iuent advance in the lation in regard to it, and as the "Ti-usts" are all managed
Bank of England rate to .5 iier cent ha(ithe effect of strength- secretly, without information as to their income or finances,
ening short and weakening long sterling here somewhat. This the insiders have every advantage, and there is no way
was jtarlly offset by continued high rates for money here, to refute the reports, or to prove them false.
;
September
THE CHRONICLR
28, 1889.J
STOCKS— PRICES AT
1
STOCK EXCKANUE FOR WEEK ENDING SEPF.
N. Y.
STOCKS.
Active ItK. Slocks.
it Santa Fc
39 '8
Atfliisdu Top.
•0I3
Atlaiitit' it Pacific
Caundian Pacific
Canada HontUcni
(i8'-M
*54l4
C'cnf ral of New Jorsoy
nil Pacific
Onf
Clicsapcakc
do
do
CbicaKo
A:
Do
2dprpf...
Eastern
Do
Illinois...
lirct...
St. Paul.
prel.
&
Chicago
Do
Nortliwestern
pi'cf.
Chicago Rock Island &Paclllc.
Chicago St. Louis Si PittsUiifj;.
Do
prcf.
Chicago
St.
Paul Min.
Do
& Oni..
prer.
Cleve. Cincin. Chic.
Do
Coluiubn.s Hocking
& St.
L...
prcf.
Val. & Tol.
Delaware Lackawanna <& West
Denv. Te.v. & Ft. W., Vot. cert.
East Tenuesiiee Va. & Ga
Do
Do
„
Istpret.
2d pref.
& Terre Haute
Green Bay Winona & St. Paul.
Evansville
Cent ral
Lake Eiie & Western
Illinois
pref
Do
Lake Shore & Mich. Southern
^.
Long Island
Loufevllleit Nashville
Louis. New Alb. & Chicago ...
Mauhatrau Elevated, con.so;..
Michigan Central
Milwaukee Lake Sh. & West..
pref.
Do
Missouri Kansas & T.ixaa
MUsouri
1
1
1
1
n
Pacific
Mobile it Ohio
Naahv.Chattafioogaii St.Louis
N-)w York Central & Hud.soii.
New
York Chic.
Do
Do
&
St. Ix)ui9.
.
l.stpret.
2d pref.
New York Lake Erie & West'n
prcf.
Do
New York & New England
Ontario & West
New Y'ork
New York Susquohau. <k Weal.
Do
Norfolk
Do
pref.
& Western
pref
Northern Paciflc
Do
1]
pref
Ohio & Mississippi
Oregon Sh. L. & Utah North.
Oregofi A; Trans-Cofifiuental..
Peoria Decatur A- Evausvllle.
Phlla.& Kead. Vot. Trust. Cert.
EichniondA West P't Terminal
Do
Do
St,
& San
Louis
Paul
Francisco
it
.
. .
&Duluth
pref
Paul Minnap.
Texas
MW
55
& Manitoba.
Pacific
XJiiion Pacific
Wabash St. LouLs &
Do
Paciflc. .
pref.
Erie, pref..
Wheeling »& Lake
Wisconsin Central Co
MiKCollancoiiN iStocks.
Chicago Gas TruHt
Colorado Coal & Iron
Consolidated fiasCo
Delaware & Hudson Canal...
Oregon Improvement Co
Do
Oregon R'y
&
Navigation Co.
08'«
5458
54%
54
41
40
41
42 14
42 14
99^8
99^8 100
39
3814
3879
6
•558
6
•5%
Sept. 27.
34!(l
•42
4214
44
43
•9S% 99% •99
100
73i«
43
99% 100
73% 73
'..'.
Iiiiiclive !«tO('k».
Cincinnati Wash. & Bait
do
Denver & Rio Grande
nighe*t.
14,318!
(i,«iO,
Sept. 27 58
Jan. 2
5% Aug. 27 8% Jan. 14
47% Mar. 1(1, 70 Sept 12
50%J.in. 3-ll 56% Feb. 14
92% Mar. 16 125% Sept. 27
33
.Mar.
29
303; .j„„. !«
15% Mar. 2i 26% A.ig.
56% Feb. 26 6!('2 Aug. 9
2,335 29% Feb. 27 •J2% Aug. 9
24,182 8978.Mar. 26 111% Jan. 15
650 40% Mar. 20 49'4 Aug. 12
1,0921 94% Jan.
107 3, Aug. 13
23
65
41
109
43
1.925t
630i
723a
73
116
115:',,
IOOI4
.
4
1
;
181a
8^8
18%
18%
9
918
35% 36%
I914 19%
•56
56%
31
73
18% 18%
18"8
9%
36% 37
19% 21
56% 58I4
31'8
31^8
99
-26
-26^8
100
27
22^8
33 ^8 34 14
22%
46% 4658
22% 23
80% 81%
•21
•26I4
57%
5778
33
29
33
58
33
55
94
104
92
xl03
103
8%
3539
20
57%
323s
112
29
29 14
20-'8
6379
17
3138
7058
2838
17
3214
7Wh
29%
19
3178
7434
2338
2338
55
2338
6678
33%
237a
55% 57
3358
21
21
21
21
46^8
47 14
4678
475e
23
23%
80%
8034
99
'26I4
-6078
99
27
61 14
6034
111% 111% 110
30
100
27 14
62 14
111%
30
80% 80%
il3% il4% 114% 117
2OI4 20 14
2038
20% 2034
66 14
65% 65
05
66%
I7I4 I7I4
I714
17
17%
32% 32
32% 3214 33
7158
7158 72
7178 7178
28% 28% 28% 28 14 28%
57% 58
32:18 32%
57% 57%
58 '4 59%
.5878
58
3238 32%
32% 33%
89
88% 88% 88% 8858
152% 152% 15278 15278 154
152% 154%
'52
55
53
53%
53
53% 53% 53
90 94 90 94 94 95
*91
94
103% 102% 102% 101% 102
102% 102% 102% 102%
5814
"32% 32%
33
34
11,355
3,600
88%
887s
SS^s
15238
Feb.
62
7%
June 7
1
22% 23%
81
81%
100
27
7
19%
5
Apr. 18
9% Feb 12
Sept 23
6,73o! 3034 Mar. 19 37
3,735 14i4July 15 21 Sept. 23
6,127 47% Mar. 11 o8>4 Sept. 23
7,245 25 Jan. 5 36% Sept 5
40,512 58% Mar. 16 7878 Sept. 3
2,800 19% Mar. 19 21% Sept. 11
4.845 49 Aug. 10 57 Sept. 27
3,810 28% July 18 t 64% May 17
50n; 20 July 251 28I4 Feb. 13
50,625 42i4July 3o| 50 Jan. 15
9.090! 19% July 18; 27% Feb. 13
1,300 76 Jan. 26i 81% June T
40 93 Jan. 3 104% June 154001 19 Apr. 1 30 June la
Mar. 19 6678 Jan. 2
l,400i 53
315104 Mar. 18 114% Jan. 12
557! 24ioJuly 17 40% Jan. 14
8 79% Sept. 19 9538 Jan. 18
Apr. 17 117 Sept. 27
14,758; 92
J, 195
17% Mar. 18 23 Jan. 14
74,072 56% July 8 6714 Mar. 4
2,165 12% Jan. 3 18% Sept. 12
9,980 24 Jan. 9 34 '4 Sept. 9
2,080 59'2 Jan. 5 7379 Sept. 12
2,950 21% July 8 30% Sept. 12
19
3278
14% Jan.
3.210
4,854
57% 57%
32%
75%
5769
3258
3339
100
2/
61
111
29
29
30
81 85
lll'j 111% 115
20%
64%
35%
74% 75 14
-99
•28
100
27
878
20
*
61% 61% 61
111% 111% 111
88% 89%
152% 153%
52 .55
90 94
i52% isi'e
8%
35%
57%
32% 32%
743a 75%
23% 2314
54
54%
33% 33%
21 22%
46% 47%
22% 2338
80% 81%
54%
18% 18%
834
8%
35% 36%
18% 18%
18%
57 38
23^8
54
*29
30 32
32
30
•80
80 82 80
81
11018 111
111 112
Ill
•2038 20^8
2014 20%
20
63% 64I4 64
64% 63 "^
•17
18
1738
1634
173e
32I4 32.->8
32% 325« 31^8
7II4 72
7158 7158
71
28% 29
19
74% 75%
100
61!% 61%
111
3534
58I4
57
32 14 3234
71% 74% 7514
2338 2338'.
54% 54% "34"
"3414
33 14 34
-21
22% 22% 22%
46'i8 47 14
46% 47%
23 14 23 14 22^8 23%
-81
82
81
81%
100
8%
20=8
2058
33
2314 23%
2j78
1838
8% 9
35% 36
16
Apr. 17
.T.in.
21
608i
80% Jan.
Mar.
700 42i4Apr.
75 Apr.
1,078 85 Apr.
1,570, 31% July
1,832 171 Mar.
Jan.
26,326, 83
4,54S'130
3334
33% 33% 33% 34
33% 3314 •33% 3379 33% 33%
182% 182% 182% 182^8 182'8 183 183
182% 183
183% 186
81-8 85
84% 84^8 84% 8458 84=8 8478 8478 86I4 85% 86%
2l|
18
1.50
51
H
36% Feb.
92% May 23
Sept.
6
72% Jan. 16
10 107% Jan. 30
23 105 Sept. 20
9 40 Feb. 7
19 205% Feb. 11
2,
88% June 6
1
American
United States
Wells. Fargo & Co
1889.
74% 06,4651 6079Mar. 10 75'4June 6
117
116% 11714
4,942,97 Feb. 25.11714 Sept, 27
113-^^114111 113=8 114
113 113^8 1127s 113^8 11358 114
113% 11439 17,427 102% Mar. 27 11478 Sept. 12
I43I4 143 14 142 % 144
•142 144
98 135 Mar. 29 1 44 % Sept. 12
143 143 142% 144
102
10258 10238 10234 xl01%10278 30,143, 80% Mar. 26 10438 Sept. 9
lOi's 10314 102% 103*8 102% 103
15
•15
•15
14% 16%
•14% 17
17
100 14 Jan. 15 19% Fch. «
10% 16
16
17
*37
•37
153 33 Jan. 21' 42% Feb. ft
39
3759 3759
38% •35
38% 35
36
38% 36
'35 12 36
35 14 35
1,0001 30% Mar. 18 37
35 14
35
35% 35% 35
35
35
35
May 23
lOiis 101
IOII4 99% 100% 100% 100% 100% 100%
515! 89 Feb. 13 1013s Sept. !>
101
101 1-10014
73 13 73% 71% 7334! 72
73
72
72 14 7234 7338 7338 7478 14,790 58% July 13 77 3^ Aug. 20
10014 100%
100 100
100% 100%! 100 100
1 00
100
100 100
1,977| fiO
July 12 103% Aug. 12
l,160l 11
I714
July 22 28'4Fcb. 7
16% 17
17
17% 17% -17
17% 16% 16% 17'4 17%
147% 14818 147% 14818 146% 148% 14611 147% 146% 14738 147% 148% 37,792 134=9 Apr. 3 151 Sept. «
28I4
2518 25 14
24.9301 15 Jan. 25 29
25
2538
25
25 14 25 '4 26Te 27
27% 29
Sept. 27
Ills ll's
10% 11 1034 11
3,1331
11
11
8 14 Jan. 23 UVScpt. 12.
10% 1034 10:)8 11
"75
76 14 76 14 76
76
74
74
76% 75
75
75% 75% 1,021 63 Jan. 2'< 70 '4 June 1
23 la 2312
23% 23% 23% 23% 23% 2356 23% 24
23% 23% 4,320 20 Ajir. 24 25 '4 June 14
*94
951-2 94
95%1 ^92% 94'4 9234 93% 92% 93% 92% 93%
86 Jan. 30 97 Mar. 4
•4
•4'4
5
*4
5
4%
4% "506 2=8 Aug. 61 7% Feb. 8
4% 458 458 5
•116% 118
455 106 Feb. 131118 Aug 9
117% 118 *116%118 117 117% 116% 117% 117 II714
I914 2OI2 18% 18% 19
1834 19% 18% 19% -19% 19%
80v,
16 Jan. 26 20% Au«r. 9
19
64 % tilhi
64
6138 65%
6,000 51% Jan. 4| 6614 Sept. 11
04% 63=8 6438 63% 64% 03% 64
i05T8i06ie: loo's io5''8i 105 lo,-!^; 10514105% 105 -58 10058 106% '07% 33,7(5 99% Mar. 18; 107% June 12
93
94% 93% 93% *93
465i 90% Jan. 141 96'" Mar. 4
94
93
93
93% 93% 93
93
77I4
77^8
77
78-58 79
77=8 7914
78% 79% 7839 79 157,948, 56i4-lan. 4' 79'4 Sept. 23
*40
40 42 -40 78'a *40 42 14 42 42
42
42
aOO 3714 Jan. 7: 49% Mar. 8
42
42
3 102 Sept. 27
97% 97%| 9714 97% 97% 97% 98
7,050, 90 Jan.
99% 99 14 102
961a 9 "13
9II4 92
91
91
90% 9II4 90% 9II4 92 14 93% 92% 9379 2,930 84% Mar. 16 91 Sept. 11
*91^ 9?
94% 94% 95
9678
9678 97
3,255 51% Jan. 7| 97 Sept. 27
95'8
95% 95% 96
117l2ll7l£ '115 116% 115 115
llc%117 116 llo% 115% 11614 1,510 91% Jan. 7 llTTg Way 28
12% 12'4 12% 12^8 12''8 12^8 i2'a 12^8 12% 12% 12% 12%
1,520 10 Juno 10 14
Jan. 14
7478 75'>8
75% 7558 73% 75 14 7379 7479 74% 75% 7434 7639 43,085 64% M.ir. 29 78 Se))t. 12
-13% 14 14 13% 15
13 15 13 15
-13% 15
300
I414 14%
8 Jan. 11 15 July 1
'99 101
99
99
1,250 8178 Jan. i2 102% Sept. 12
99% 100 100 10.) 100 100 100 100
108% 108% 10834 108% 108% 108"^ 1C8% 108% 109 i09% 1U9% 109% 2,863 10479 July 27i 110% Feo. 2
17^8 17%
17% 18
16
17% 1778
800 15% July 13! 1 9-58 Feb. 4
16% -16% 17% 17
17%
*67i.2 68I2' -6712 68I2 -67
315 66% Sept. 3 77 Feb. 4
69
68
69
68% 69
68% 68%
'37
•38
-37
30
38 39
150 34% July 18 44% Feb. 2
39
39
38% 38% 39
39
29 18 29 14 29% 2938 28^8 29
29
29% 29
29% 29% 30 14 26,980 25% July 22 3079 Sept. 11
6912
68 71 69 71
69=8 70
1,312 61 Jan. 4 7134 Apr. 28
70-% 71
691a
50 8 5l»4 5038 5138 '4914 50 ii 4934 5038 49I4 .50% 4834 5014 39,5801 41% Apr. 1 53% June 2.^
73
115% 115%! II5I2II5I2 115'4ll5>2 115
73%
44
4,770
2,920
35141
1,
34%
86,055
68% 68% 68% 68%
54% 54% 54% 55%
123 125%!
121% 123% 123% 125
182
Kxprcoa »itock».
Adams
pref..
1)0
do
pref.
Houston & Texas Central
Iowa Central
•149
•116
•88
•138
149
151
118
90
142
•ISg
•138
214
*3%
118
89
3%
l-'fl
338
17%
5II4
"•1%"3"
-2%
150% 150
117
90
142
87
"138
2
214
•3%
4
4
3%
3=8
3-58
150
•117
85
140
n%
3%
1%
3%
'si* '31
114
3
-8%
23
24%
-MAX.
"
-11
2%
9%
8%
9%
•1%
8%
23
23% 24
303.
1.1
•30
sua.
'
•
•23
250
',
*2 17
31%
'
1
i
1
*'.'.'.'.'.'.
i
i
i
1
1
These are nncfta hid and
p.'!ir«i
:
no sile
m tde at cbo Biari.
1
Cash
gala.
!
Ex. rights.
1,090
'96
3
914
24
420
109
700
250
10
"46"
48
125
68
%
1
Apr.
Apr.
2%
3
3
3,400
31%
700
21
6,180
34,332
31
4%
24
27
9
27
Jan. 2
Mar. 20
Sept.
379 Sept.
Sept.
Sept.
18 18%
42i4Jan. 31 52%
Sept. 11 13 Is
1
7% Aug. 5 10%
18% July 18! 29 '4
27 Jan. 4 32V
241 % Jan. 7 279
5 June2i 13%
15% Mar.
550 70% Sept. 24, 87%
30 Jan. 31 47
Apr. 15! 50%
700: 44
7301 90 Feb. 4 121%
200 64 Sept. 36 74%
33^8
6%
1.53
1,1701
34
53%
3
1
10
250
250 '
245 250
10
9'8 10
10
10% 10%! 10
70% 71% '46" "40"
so
39
"'S'jii'io"! "3838
Bt. Louis Alton &TeiTe Haute.
45 49
^46
48
47% 483^1 48
*4t!% 48
Do
pref...
120 120
124 124% 124% 124% 121% 124% •120
Bonthem Cotton Oil Co
"63%
68
64
65
"es"
68 *
68
Bouthern Paciflc Co
33
33% 33% 33% 33
33% 3338 33% 32^8 33% 33
Inl. Ann Arbor & N. M
33
3314
33% 34
34
33% 33 %l ^33
33% 33% *
6I4'
Canieron Iron & Coal
4% 5
6
10
15
5
8
5
'48 5^ '49 ^"8
Ten nessce Coal it I rou
52% 5514 53
4934
55
51%
49
49% 53
Trust Stocks, ace. (Unllst ed.)
Bngar Keflneries Co
97%101-'^ 97% 98'8 90
102% 104% 101% 104
9838
87=8
24i4|
National Lead Trust
33 '8 24
2278
2334 24%
23% 23^8' 23=8 24% 24
American Cotton Oil Trust
.50
49% .50
49% .5038! 49% 5038 49% 50%l 45=8
5014I
Pipe LineCertlflcatesJ
9978IOOI4
99'>8 10038
98% 9958 9314 99% 98% 99%i 98=8
"24.5 '
38'
300
400
914
24
151
118
85
140
214
379
2
3
9%
Feb. 4
81109 Jan. 10.120'4June 6
73% Jan. 4 95%Ju.ie 5
57 134 Jan. 19 146 June IS
338444% Jan.
18%
52% 52%
378
18% •17% 18% 17% 17% -17% 18%
5II4
52% 52
52%
52
52% 52
& Pembroke
" 32"
New Y'ork New Hyv. & Hart. ;240 250 248% 249%
Ohio Indiana * Western
'11
12
12
13
Philadelphia Co., Nat. Gas....
72% 72%
Pittsburg * Western, pref
38% 39
'•31
151 149 151
116% 118 118 118
88
88% 8T
88
138 142 139% 139%
2% 1% 214
2% 2%
15012
117
151
118
89
141
pref
Kingston
"
1
•5%
35 36
3514
35% 35
30
23% 22% 23 14 2238 2238 22
64
04
65
65
64% 65
40
39% 40'4 40% 40% 40%
109
107% 10858 10814 108% 108%
72%
3878
Lowest.
Share*.
j
68 '4 69
54
54%
54 14
123 "4
42 '4
73%
Sept. 20.
3814
6
07^8
67iS8
122
122
Sept. 25,
3314
Pullman Palace Car Co
Western Union Telegraph
Do
•5%
Week.
Friday.
1889L
I,
Bange Since Jan.
Sales
of the
Wednesday, Thursday,
39%
38!^
<i838
40
40
•52
pref.
Paciflc Mail
Do
39%
•514
6138 61%
pref.
1st pref. '111
112
Do
St.
39'8
*42i3
99'8 100
72'« 731-2
Do
pref.
Rome Watertown & Ogdensb'g *99
8t.
39=8
& Qiiliioy. 108% 109 "8 108% 109% 108
Milwaukee &
CUicatfo
Sept. 24.
•35%
1st prot..
CliicaKoBiirlinfflon
Sept. 23.
1
Tuesday,
123% 122
35% 35% -35
23% 23% 23% 23% 23 14
66% 04%
651a 65 '4 65
1201-2
&0.— Vof.Tr.ccrt.
Do
Do
Monday,
Saturday.
Sept. 2
1
AND SINCE JAN.
27,
HIGHEST AND LOWEST PRICES
I
"
395
Mar. 12
Sept.
Sept.
Sept.
9
20
8
Apr. 17
May S
Feb.
Sept.
8
24
Aug. lu
3479 June 13
Apr. 9'
Jan. 28 3o'4 Sept. 9
Sept. 25 3434 Apr. 22
Jan. 23 554 Sept. 25
\
50
132,615
31,390
63,310
993e
!,
95
24%
41^,000
81%
Feb. 20 126
19%Jlar. •JOi do
48 Aug. 20I 61%
80 Apr. 23 102%
(Prices from toth Exchiuses.
June 24
.lunei-a
May 29
July 24
THE CHRONICLE.
396
BONUS
-
LVTK8T PRICES OF ACTITE B9XDS AT
Rangt Since Jan.
doting.
Railkuam Bond?.
Sipl.iiO Stpl
27
LoKt$l.
ISOsb., 15 b. 15^ Auk.
I>. luf., ii», 1910
Auj?.
'•*,?• ,Ui^°- 71
10«ia Jan.
Soiitli.-lst guar., 3», 1908 10H^>'. 108;^
Can.
93i4.Tau.
^
9t>
2d 5» 1*)13
1U1>4 Aug.
Central of N. .i.-isf, 7», 1890 .. 101i>sb. 101?»
Atl.
& Pac— W.
Geucral
luort., 5s,
llSk
1987
L<'h.4W.B.,coii.7a, 1900,a9'nt 115
Am. Dock & Imp., 5», 1921 ... 1 12
Oeutral Pa<!ittc— tioUl
lis,
1898
b.
b.
117»ii
.
4
108
128 14 Apr.
94
107
98
Feb.
Jan.
Jau.
IO414
Aug
114
July
July
1291-2
1
b.'
July
Denver Division,
48,
1922
i E. HI. -1st, 8.
C0U80I. 68, 1934
Chic,
&
June
92'al<"el).
96 la
I
1271s
& C—
&
Ist.South-n-estDiv.—68,1909. 117iab.
Ist, So. Miu. Div.— 6s, 1910
May
120
Ohio— New,
iSi
1927. .116
54
102
68.
Lowest.
July
127I2 Sept.
10434 Aug.
May
J 01
106 June
130 la June
1171a Sept.
121 Sept.
1
109% June
11234 Feb. 111612 May
41% Jau. 5812 Sept.
99 Jan. 104i4.\pr.
I33iab. 133%b. 129
Jau. 13812 Juue
10t)%b
98=8 Jan. 107 1-! June
104 igb. 105
104 Mav 107 Feb.
133 b. 132%b. 133 Jau. 13713 June
112 a. 113 a. 111 Jau. 115i4.Tune
'
b. 116iab.
b. .VT'^
!
b
....
129 b. 129 May
96 34b. 97
91»8Ja-i.
117 a. 115%b. 116 Jau.
134 Mch.
98 14 June
121 Mav
N. Y. Lack. & \V.— 1st, 6s, 1921. 13713a. 136i3b. 131 la Jan. 1381a June
Cons'.ruction, 5s, 1923
IIII4 Feb. llOiaJiUy
N. Y. Ont. & W.— Ist, 68, 1914.. 11014b. 110 a-i. IIOI2 Mch. 115
Feb.
N. Y.8u8.,t W.— lstret.,5s, 1937 101 b. 101 b. 04
Jan. 103 14 Juue
MidlandofN. J.— lst,6s, 1910 119 b. 119iab. I1414 Apr. '.1914 July
120i8b. II714 Jan. 121% Apr.
Norfolk & West.— Gen., 6s, 1931 120i3
Ill's
North. Pac— Ist, coup., 6,3, 1921 115
1141a Sept. 120^8 May
II313
114
General, 2d, coup., 1933
112 Jan. 117 Aug.
107% IO913
General, 3d, coup. 68, 1937
9734 Jan. 110 May
No. Pac. Ter. Co.— Ist, 6.3, 1933. Ill a. lU
10334 Jan. 112 Juue
Ohio lud. & West.— Ist, 58, 1938
81* Sept.
81
61
July
Ohio & Mi.3s.—Consol., 78. 1898. 1 1734b. 1 17%b. 115 Jan. 121 June
112 b. 103 Jau. llSVtSept,
OhioSouthcru-lst, 68, 1921 ... 112
37
57
2d, income, «8, 1921
4434 Jan.
593s Sept.
Omaha & St. L,— 1st, 4s, 1937.. 78 a. 77 b. 7112 Jan. 80% June
Oregon Imp. Co.— 1st, 6s, 1910. IO412 103%b. 102 Feb. 106% Feb.
11312b. 110 Jan. 115 14 June
Ore. R. &Nav. Co.— 1st, 68, 1909,113
110414b. lOliab. 102
Consol., 58, 1925
Jan. :103% May
103
104% 101 13 Jan. 10713 Apr.
Oregon & Transcon' 1-68, 1922.
Penu. Co.— 4ias, coupon, 1921. illO%b. Ill Hsb. 106'8 Jan. 111
May
107 14a. 1041a Feb. 110 May
Peo. Dec. <fe Evans.- lst,63, 1920
Evansv. Div.— Ist, 68, 1920... 104 b.:i02 b. 10234 Jan. ,1091a Feb.
2d mort., 5s, 1927
70 b.
7612 Meh.
66 Jan.
88"^ Jan.
Phila. & Ke.-id.- Gen. 4s, 1958..' 91 le
94% June
82iab.
Ist pret iucomo .38, 1958
80 July 9413 Jan.
66
2dpref. income 53, 1938
62''8July
8238 Jan.
62i4Jan.
3d pref income 5s, 1958
51 la July
Pittsb. & West— Ist, g,, 4s, 1917 84
76i4Jan.
871a May
Rich. & All.— Ist, 78, Drexel cert. 67
38 Jan.
70% Aug.
2d mort., 6s, 1916, Drexel cert. 36
26 Jan.
37 Aug.
Rich, i! Dauv.— Con,, 6s, 1913 .. 11
114 Jan. 11938 May
Consol. gold, 58, 1936
92
86 Jan.
94% May
RicU,&W,P.Ter.—Trust 6.3, 1887, 99
96 Feb. 103 May
Roch. & Pittsb.— Con. 6s, 1922. 117iab
113 Jan. 119% July
'108
RomeWat.&Ogd.— 1st, 78, 18911
1061a June 109% May
Consol., extended, 58, 1922. .'ill
111% 108 19 Apr. 112 May
b. 104
St. Jos. &Gr.l3l.— Ist, 63,1925.106 b. 106
Jau. 109% .Apr.
'11334b. 111
St. L. Alt. &T. II,— 1st, 78, 1894'
July 115 .Tune
1108 b. 103% Feb. II214 June
2d, mort,, pref., 7s, 1894
2d, mort,, income, 78, 1891 ... 106iab.
1041a Jau. 108 Apr.
78
99 Feb
St. L. Ark. & Tex.— Ist, 63, 1930 78 b.
77 July
27iab.' 27 b. 23
May 38 Feb.
2d, 63,1936
St. L. & Iron Mt.— Ist, 7s, 1892. 106 b. 106igb. 103 12 Aug. 110
Jan.
109 b. 109 b. 105 Jan. 110 July
2dmort.,7s, 1897
Cairo <t Fulton— 1st, 7s, 1891. '102''8b. 10258b. TOII4 July 105 12 June
Cairo Ark, & Tex.— lst,78,1897 103 m.. 1031a 1102=8 Aug. 107 Apr.
Gen. U'v& land gr., 5s, 1931. 89iab. 89 b. 81 Jan.
90 Feb.
1 18 Ub. 116
Apr.
St. L. & San Fr.— 6s, CI. A, 1906 1 1 8 12
Jau. 121
118 b. llSkb, 11334 Jan. 121 Apr.
68, Class B, 1906
118 b. 11 8 '4b. 115 la Jan. 121 Apr.
68, Class C, 1906
119 b. 120
11319 Jan. 121
May
General mort., 6s, 1931
104
10114 Jan. 108 June
General mort,, 53, 1931
118 Jan. 122 Apr.
S. P.M.&M.— Dak.Ext,,68, 1910 120%b. 12134
118%b. lig^fsa. 1151a Jan. 12134 June
1st consol,, 6,3, 1933
reduced to 4133... 101 lab. 101 lab. 98I4 Jan. 10334 June
Do
9938b. 99i-2b. 96 14 Feb. 100 12 July
Collateral trust, 58, 1898
,
—
108 la June
108 June
149 Aug.
Consol. 7s, 1915. 14714a.
Chic. &N. W.—
Aug. 133 May
112912b. 130 a. 127
Gold, 78, 1902
118 b. 118 b.lig Jan. 123 Apr.
Sinking fund 6s, 1929
Ill
|110 b. lOSiaJan. 112 June
Sinking fuud 58, 1929
SiuWngfHuddcbeut. 5s, 1933;ll4iab.:il2 b. 109 Jan. 116 Sept.
106i2b. 105 Jan. 109
Apr.
25-year dcbcuture Ss, 1909...
99iaa. 99 b. 98
Jan. IO414 Feb.
Exfeuliou4s, 1926
Chic.I'eo.&St.L.— Gld.58, 1928 93 a. 93 a.' 95 Mcb. 98% May
131 14 Mcb. 138iaJune
Chlc.K.I.&Pac.—68,ooup., 1917 136 b.'
105% lOeig !l04-''>8 Jau. lOSiaJuue
Extension <Si col. OS, 1934
124i2
I2412 lligiaJau. |124ia May
Chlc.8t.P.M.&0.-Con.6s,1930
Ch.St.L.& Pitt.— lst,cou.58,1932 95iab. 95iab. 92 Aug. 100 Feb.
93 b. 92iaJau.
99 June
Oleve. & Canton— l8t, 58, 1917.1 96
Jan. 135
Apr,
C. C. C. & I.— Consol. 78, 1914.. 132 b. 130 b. 130
121 b.
Jan. I2014 Sept.
112
General 6s, 1934
93"58 Apr. 105
101 la
Jan.
Col. Coal & Iron— Ist 68, 1900.. 1011-2
""
"
8734 Feb
Col.H.Val. &T0I.— Con.5s,1931 70 b, 73i2b.| 60% July
87 Feb.
71 b,,72
50 July
General gold, 68, 1904
b,,121
b.'ilsSgMay 123 Sept,
Denver & Rio Gr.-lst, 78, 1900 121
79 lab, 79iab.l 75 Jan.
82i3May
1st consol. 4s, 1936
84ia Jan, 102 Mch.
Denv. & K. G. W.— Ist, 63, 1911.
94''8
73%Jan. 95 Sept.
95
Aasented
Denv.S.Pk.&Pac— l6t,78,1905j 89isb.! 89 b. 81 Jan. 941a May
Det. B. C. & Alp.— lst,g.,6s, 1913 104 b. 104%a. 103 Jan. lOSiaFeb.
Det.Mac.&M.— M.gr.3ias,1911 34ieb.! 35 b.' 32 Aug. 40 Feb.
Dui. & Iron Raugc—l8t, 5s, 1937 103 b. 103 b.!96''8Jan. 104 Feb.
E. Teun. V. «fc G.— Con., 5s, 1956 lOOiab. lOC^b. 102 Jau. IO8I2 May
EUz. Lex. & Big San.—6.S, 1902. 105 b. 105 b. 99 Jan. I0734 Aug.
Erie— Ist, cou.sol. gold, 78, 1920 1381a 13814 il37 Mch. 142 JiUy
112 a. 110% Jan. 114 May
Long Dock, 78,1893
Consol. 6s, 1933
123 b. 122 b. 118 Apr. 123 Feb.
N Y.L.E.&W.— 2dcou.68,1969 104 b.;10458
98 Jan. 1071a May
lOOia
l3t, 68, 1921 98%
Ft. W. & Deuv.
90 Jan. 101 13 Sept.
GalH.&SauAnt.— W.Div.lst.Ss 93 b.' 93 )).[ 92% May 95»8Moh.
Gr B.\V.& St.P.— 2d inc. 8.3, 1911 16 b. 1712a. 13 July 23 Feb.
87%b. 8314 Jan.
MontauaExt. l,3t, 48, 1937 ...: 87i2
GuirCol.ASau.Fe— l3t,7s,1909 104''>8b. 106
Feb.
J10014 Aug. 116
Gold, 6s, 1923
69 b. 70
64 Aug. 87i2Jan. Shen.Val.- l3t,7.s, 1909,Tr. rec.l 9412b. 94iab. 871a Apr.
General 6s, 1921, Trust rec... 38 b. 38 b, 31 Jan.
Han. &St. J08.— Cons. 68, 1911. 119 b.
119 Sept. 124 Feb.
Uit.&Gt.No.-lsl, 6s, gold, 1919 105 b. 104 b. lOOia Apr. 109 12 Jan. BouthCaroliua— Ist, 6s, 1920...' 94 b. 9014b. 90 Jan.
57 b. 57 b. 47 Jan.
2d,6s,1931
Coupon, 68, 1909
67 b.; 67 b.| 62 May
7412 Jau.
83iaa.l 71i2Jari.
7 b.
7 a.
5
Sept.
KentuckyCent.— Gold4, 1987.. 86%
Income, 6s, 1931
90 Juue
Kuoxv. A: O.— Ist, 6s, gold, 1925 113 a. Ill b. lOl Jan. 1121a Sept. 80. Pac., Ariz.— l8t, 63, 1909-10. 107 b. 107 b. IOII2 July
L.Erle A- West.- lst,K.,3s, 1937 II5I2 114 b. 107 Jan. !ll6 Sept. So. Pac., Cal,— 1st, 63, 1903-12.. llS^Sb. llSiab. 114 Jau.
,10514 July
IiakeShore.-Con.ci>.,l.st,7s,1900 127 b. 126iab. 12314 Jan. 130
May 8o.Pac,,N. M,—l8t,6s, 1911 ...107 b. 107
Consol. coup., -M, 78, J 90 3
89 Jan.
128 b
124 Jan. I3014 May Tenn.C.I.&Rv.—Teu.D,.l8t,03: 98iab. 98%
97 b. 98
Ix)nglslaud—lst, con., iSri931 11718b.'
ill4i4Jan. il734Sert.
89 Jau.
Birm. Div., l8t, 6.3, 1917
General mort., 4.S 1938
go's
98 b. 98 b.' 92% Jan. "0214 May Tex. & Pac,— Ist, gold, 5s, 2000, 91
851a Meh.
37%b, 37%
Loulsv.&Nashv.- Con.,78,1898 120 b. 120% |ll7iaApr. 121iaMcli
34 Mch.
gold, income, 58, 2000
2d,
E. H. & N.— 1st, 6s, 1919
99 Meh.
116 b. 116 b.'ll4%June 11814 May Tol. A. A. & N. M.— l8t, 63, 1921 106 b. 108
114i4b.ill4i2 1112 Jan. 118i4Mav Tol.A.A,&Gr.Tr,— lst,6s,1921 115 a. 112 b. 103 Jau.
General, 68, 1930
Trust Bonds, 68, 1922
!llliab.'110%a.'i09i2 jan. 115i2May Tol. & Ohio Cent.— 1st, 3a, 1935 102i2b. 10212b. 101 Jan.
10-40,68,1924
104 b.
lOliaJan. 106 Apr. Tol. Peo. & West,— 1st, 48, 1917.. 78iaa. 77i2b. 74 Apr.
IO6I2
60-ycar5s, 1937
106 b. 98 Jan. il07 Sept. Tol.St.L. i- Kan. C.—l8t,6s, 1916 10234b. 103
921a Jan.
104 la Apr. Union I'acillc— Ist, 68, 1899 .... 119 b. 1191-2!). 115 Jan.
103i2b. 96i4Jan
Collat. trust 5.S 1931
102 b.
Louis. N. A. irCh.— l8t, 6s, 1910 117 b. 118 b. 1124 Jau (122 June
114 b. 114 b. 114 Sept.
Sinkingfund, 8s, 1893
Consol., gold, 6s, 1916
Kansas I'aiiHc-lst, 6s, 1895 1 10 b, 110 b. llOis Aug.
1104% 106
93 Jan. 106 Sept.
98i4
Louis. Houtb., Ist g. 68. .1917 97ia
Ill h. Ill b. 1091a Jan.
95 Aug.; 9938 Aug.
l.st,6s, 1896
99I2
99i2
96I2 Aug. 100 Sept.
llliab. 114%b. II212 May
IX)uls.8t.L.&Tex.,l3tg.63.1917[
Denver Div.— 63, 1899
Mem. tSt Char. —6s, gold, 1924... 105 b. 105 b.l02i2Jan. )10938June
116
116 b. 112 Jan.
1st consol., 68, 1919
Metro. Elevated— lst,68, 1908.. IllS^eb. 116 b. ill's Jan. !l2o June
Feb.
Oreg, ShortLiuc— lst,6s, 1922 113% ,115 b. Ill
2d,«8,1899
IIO8 b. 108%
7838 Jan.
106 Jau. lUia Mav Virginia.MUl,— Gen. m. ,5s, 1936 87 b. 89
Mich. Ceut.-lat.con., 78, 1902. 130 a. 129 b. 12914 .Aug. 133iaMcli. Wab, St. L. *P.— Oen,,6s, Tr,rec.' 50 b. 50 b. 37 Apr.
Consol., 5s, 1902
'114 a.'
ChicagoDiv,— 5s, ]910,Tr.rec. I03i2b. 10314b. 88I2 Jan.
ill Jan. 114 May
Mll.Lakc.Sb.i:\V.— I8t,6.sl921'128
'118% Jan. ""^ "
Wabash-JI., 7a, 1909, Tr. rec. 101 b. lOD b, 86 Jau.
128 Sept.
Couv. dcbfuture, 5s, 1907
103%b.'
92ia Jau. 1041a July
Tol. & W,— l8t,ext.,78, Tr.ree. 103iab. 10314b. 891a Jan.
Mllw. &NortL.-M. L.,68, 1910.ll08i2b. lOS^ab. 1 O6I2 Jan. 111 Apr.
lst,St.L,Div,,78,1889,Tr,rec. IO312I). 10314b. 93 12 Fob.
Ist, Con., 6e, 1913
2d,exteud,,7a, 1893, Tr.ree. IO214
lOJUb. 87 Jan.
[106 b. 106 b. IO514 Jau. IO9I2 McU.
Mluu. & St. Ix)ui8-l8t, 78, 19271 95 b. 100 a.' 90 Jan. 100 Sept.
100 b. 85 Feb.
Con., conv., 7s, 1907, Tr.ree. IOOI4
Mo. Kan. & Tex. -Con., 68, 1920 64i2
Jau.
6578
53 Apr.
Gt. West.— lst,7a, 1888,Tr.ree. lOSiab. 10314b. 89
65% Sept.
58I3
Consol., 58, 1920
Mch.
58%
2d, 78, 1893, Trust receipts. 10214b. 102 b. 86
60 la June
50 Hi Apr.
94 la
Consol., 78, 1904-5-6
IO6I4 102% Jan.
loeifl
95 b. 87I2 Mch. 97 June West Shore— Gu.ir., 43
Mo. I'acillc— l8t, con., 6», 1920. 114 b. 114 b. lioia Jan. 11 5 12 Apr. West. N. Y. &Pa.— l8t, 5, 1937.' 95%b. 9tii2
9514 Jan.
|3d, 78, 1906
'120 b. 118 b. llOiaJan. 121 la Apr.
34 t>. 34iyb. 33 14 Au<r.
2d mort,, .3g., .">sc., 1927
98 'e Jan;
i Pac. of .Mo.— l8t, ext., 48, 1938 9938a. 99»2a. 97% Jan. 102% June West. Uu. Tel.—Col. tr., 33, 1938 102i2b
2dmort., 7B..1891
'.
103% July IO512 Apr. Wheel. * I-ake E.— 1st, 5s, 1926 lOS^aa. 108 a. 102 Apr.
Note.—The letter "b" indicates price bid, and "a" price atked; all other prices aud the range are from actual sales.
'
i
Bighett.
. . .
OS's Apr.
91^8 Jan.
118 Jau.
130 a. 118 Jan.
10414a. 97 Jau.
9714a.: 83
Feb.
lOS^a.; 99 Jan.
126 b. 122is Jau.
117i2b. 112 Jan.
120 a. 110 Jau.
108 b.;i03 Jan.
99 Jan.
lOeijja. 100
Jau.
14714a. 143?iJan.
1 st,
Ist.Ch.&Pac.W.Div.— 58,1921108 b.
Wis. AMlun. Div.— 5s, 1921.. IO5I4
105
Terminal 58,1914
May
1061-2
94 "a
lU308b.
3s, 1937
1 st, (;,58,1937 96iih.
Chic. Gas. I..
b.
Chic.
Inrt. Coal K., Isl, .5s, 1936 103
Chic. Mil.
St. P.- Con. 78, 1905 126
General consol.
134
94>2
95m).
94 »8
120
...
48, 1927
f., 68, 1907
Nebraska E.\teu8ion
104''3
102% May
105'.ib. 105»2b.
1913
May
Jau.
llSHFeb. 120 14 Juno
101% Apr. 105 la Feb.
105>« Apr. 108% Mch.
113>4 Jan. 119% Aug.
. .
!)s,
113
108
f)lilo.— -Mori.
Debenture
Mobile
General uiort., 48, 1938
Wutual Uu. Tel.-S. f., 6.3, 1911.
Nash. Ch. & St. 1,.— 1st, 78, 1913
Consol. .">8, 1938
N.Y.Ceutral— Extend., 5s, 1893
N. Y. C. &n.— lst,op.,7.3, 1903
Debenture, 5s, 1904
N. Y. & Ilarleui— 1st, 78, 1900
N. Y. Chic. & 8t. I„ -Ist, Is, 1937
N. Y. Elevated— Ist, 7s, 1906. ..
115% June
120i2May
6»,1911.. 120
102Te
102»2
l8t consol. r)s, 1939
llOijb. 112
Ches. O. iSo. W.-tJs, 1911
CWc. Burl. & No.— 1st, 58, 1920. 102 "aiv.
CWc. Burl. & Q.—Con. 7, 1903. 130iab. 131
Ctes.
Sepl.-M Sf-M.-iT
1241s June
Jan.
Jau.
:
104>8
.
(>», 1890
Mortmigees, 193«.
Landgraut
120
125
1.
Railroau Bonds.
83 Feb.
112i->May
100 May
106 "a Jan.
11338b, 10639 Jau.
115'ab. 115»2Jan.
b.
b. ......
12/
188».
I,
Range Since Jan.
doting.
1.
2238 Feb.
i
..
122
STOCK EXCUiNaE, ANB RANGE SINCE JAN.
HigKeat.
I
%
Guar., 4», 1037
Consol. 7s, 18i>!»
Oouvort. 78, i;H)2
N. Y.
LVOL. XLIX.
'
'
!
'
.
'
!
!
1
j
;
I
'
;
.
I
"
"
I
'
'
'
i
'
!
i
!
'
;
'
C—
;
!
92% May
Mav
May
1
96
40
101
'
61
1
Feb.
108 14 .Tune
11838 Sept.
108%
'
Sept.
100
99
94
40
;
'
Mch.
Mch.
May
Apr.
IIOI4 June
'
June
'104% June
82% Juue
105 May
tl20
i
121% July
120% Jan.
112% July
1 12% May
115% Sept.
.
'
Aug.
Aug.
10
1
|
!
117
1
Apr.
115% July
90
1
51
Apr.
Sept.
14
Aug.
104
101% Sept.
103% Sept.
103% Aug.
'
103
I
I
June
101
1
Aug.
103% July
102% June
109 »8 June
101 Apr.
i
j
'
|
1
1
44
Feb.
106
110
June
Aug.
STATE BONDS.
SECURITIES.
1
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask.
Bid.
Ask.
Bid.
II
Alabama— Class A,4 to 5
1906
Class B, 58
1906
Class C, 48.
1906
6a, 10-20
1900
Arkaiiaas— 68. funded.. 1899-1900
78, I.ltlli- Roik A- Fort Smith tss.
7«, Meiiipbis
Little Rock is8...
7». Arkansas Ccutral RR
Georgia— 78, gold
1890'
Louisiana— 78, cons
1914 ,
Stamped 48
!
Michigan— 78
1890)
:
.V-
I
cou.. 1893-1 894 108
SouthCaroIina—6a, non-fund. 1888,
4%; 5
1893 101% 105
Brown consolidated, 68
1.892-1898| 68
Tennessee- 68, old
Rhode Island— 6s,
103% 104%! MLsaouri- 68
due 1889 or 1890 101
no
Asylum or University, due 1892 104
,
1
99
Funding
1894-1 893 1 1
99%' 101%' 'New York—6s, loan
1892 108
12
68, loan
1893 108
8%'
North Carolina Qt^, old
35
J. & J.,
Funding act
1900 10
8%
New bonds. J. & J.... 1892-1898 20
10
7
103 lO.-i
Chatham RR
5
105
Special tax, Class 1
6
87
„.
90
CousoUdated 4s
1910 96
106
1919' 126
69
I
|
;
I
I
:
I
i
;
8
8
97
1129
Compromise, 3-4-5-68
New settlement— 6s
58
38
Virginia 68, old
6s, consolidated bonds
68, consolidated. 2d scries
(is, deferred, trust receipts
—
78%
1912
1913 107 108
1913 101 ,104
74
1913
74%
|
;
'
(
8
SEPTEltBEB
THE CHRONICLE.
28, 1889.1
397
BONDS— STOCK EXCHANGE QUOTATIONS ON FRIDAY OP THE LESS ACTIVE RAILROAD BONDS.
BECURITIES.
SEUURITIES.
Ask.
Bid.
Bid
,
Ask.
8ECUKITIE8.
i
I
Railroad Bonds.
(Stock h:xrhitnor.
East Teun.— Eq. A Inip.,g.,58l93S
92
Mobile A BlriH.— lat, g., 58.. 1937
Alabama Central— l»t ««. .1918 114
i
100
100
121
'
[
.
I
,
.
I
'
i
. .
.
!
j
!
;
'
Central Pacific— (Jold bds.,0s.l895
116
Gold bond.s 68
1S96 114
Gold bonds. 68
1897 II514
San Joafuiin Br., 6s
1900'*116
!
I
!
I
;
West. Paeitlc— Bonds, 6s
1899 113
_No. Railway (Cal.)— Ist, 6s. 1907
Ches. &. O.— Piir. M. fund, 63.1898 114
'
115>a
123
A
68, gold, series
1908 *
Giles. O.
80. West.— 2d, 6s.. 1911
76
Chicago
.Mton— l8t, 7s
1893 IO912
&
&
I
:
I
AOregon—8er.B,68...1892
. .
1
109
\
i
Cal.
;
.
99
Bo.st. H. Tun. & W.— Deb. 58.1913
Brooklyn Kiev.— 1st, g., 68... 1924 112 1121a
1915
89
2d 3-58
Union Kl., Ist, Riiar., 68
1937 107%107'a
BriULSwlRk ct West.— l8t,g.,49.1938
Buft: Roch. * Plftrt.— Gen., 58.1937
97 la! 99 13
Roch. & I'ittN.— l.st, ...
,.,.._ ... 6s. .'.... 1921 *120 123
jjj,
Burl Ced. Rap. & No.— lat, 5s.l906
100
C'ou.sol. & collat. tiU8t, 58.
1934
87
95
Minn. & St. L.— 1st, 78, gu..l927 100
Iowa C. & West.— Ist, 78. .1909 98
Ced. Rap. I. F. & N., Ist, 6».1920
97 "al
1st, .58
1921
89>a
Central Ohio Reor.- 1st, 4>a9.1930
Cent. RR. it Bank.— Col. K.,53. 1937 lOli-i lOl's
Sav.it West.— Ist con. g.,.58,. 1929 lOlHi 102>a
Cent, of N.. I.— Conv. deb., 68.1908 123
130
I-ebiKh & W. B., M. ,5a
106 14
1912 '
.
A»k.
Northern PaclBo— (Continued)—
96
La. M. A Mo. R.— Ist, 58.
.1937
North. Pa<:. A Mon.— lat, 68.1938 103 lOS'Ts
Erie— 1st, ext<!ndod, 7s
CcBur d'Alene— lst.68, gold. 1016
1.S97' 121% 1221s
2d, extended, .58
Gen. 8t, gold, 63
1919
1938
3d, extended, 4ias
1923 i'lo'i!;!;;!
Cent. Wa.shlngt<m—l8t,g.,6». 1938
4th, extended, 5s
19'iO 1181a 1211a Norf.A W.—New Rlv., Ist, 08. 1932 115
5th, extended, 48
1928 10213 104
Imp. A Ext., 68
1934 111
lat, cons., fd. coup., 78
1920
Adiustincnt M., 78
1924 112
Reorg., l9t lien, ((a
1908 105
Eauipiiiinl,.58
1908* 97%
B. N. Y. A E.— 1st, 78
1916 142
ClfiKliVal.I).— lst,equlp.5».19.57
98% 901a
N. Y. L. E. & W.— Col. tr.,68.19J2l il2
Ogd. A Lake Ch.— Ist.coii. 6s.l9'20i
Funded conp., 5s
1969 90
91 'Ohio A .Miss.- Cons., s. t, 7a.. 1898 117%118
Income, 69
2d consol. 7s
1977 71
1911 125 1271«
Buff. A 8. W.— Mortg. 68. ...1908
92%
Spiinglleld Div.— Ist 7.9
1905i
112
Jeffcison— lat, gu. g. Sa
19091 105
General 5.h
19.Sa
lEureka Springs R'y— l8t,68.g.l933i
,Ohio River RR.— Ist, 5s
1936 100
Evan. AT. H.— 1st, cons., 68.1921' 115 118
General mort., gold, 5s
1937 87
1923'
Mt. Vernon— l3t 68
Oregon A California— Ist, 58.1927
Evans. A Indian.- Ist, cons.. 1926 il2"
IPenn.sylvania RR.—
Flint A P. Mara.— Mort., 69. .1920 121%
Pltts.C. AHt.L.— 1st, cp.,78.1900 117
1st con. gold, 53
Pitts. Ft. W. AC.-l8t, 7S...1912 145
1939
Fla. Cen. APen.— Istg. 5.S....1918
2d, 78
1912
145 >9
Gal. Har. A San Ant.— Ist, 68.1910 106
3d, 78
1912
2d raort., 7s
Clev. A P.— Cons., s. fd., 78.1900 125
1905 100 103
Ga.So. A Fla.-l.st,K. 6s
1927
4th, sink, fund, 68
981a
1892 104% lOST,
Grand Rap. A Ind.- Gen. ,58.. 1924;
92
8t.L. V. AT. II.-l8t,gii.,78.1897 115
Green B. W. A St. P.— 1st 6s. .1911
81
2d, 78
1898 '100 la
Housatonic— Cons, gold Ss
19371
2d, guar., 7s
1061a
1898] 109
Hous.A Tex.C— 1st, ui. 1. 7e.Tr.reo. 115 1161a iPeoria A Pek. Ulon— Ist, 68 ..1921 '113
West Div. 7a,Trust reoelpts.1891
117
2d mortg., 4ias
1921! 65
70
1st Waco A Nor.- 7s
Pine Creek Railway—69
1901 1051a
1932 ....
2dm.8s.M. I. Trust receipts. 1913 •120
Pitts. Cleve. A Tol.— Ist, 6s.. .1922
Gen. niort.69,Truat receipts. 1925
SOk
Pitts. Junction— 1st 6a
19221 109
Illinois Central— 1st, g., 4s ...1951 107
Pitts. Mc. K. AY.— 1st 68
108
19321 115
Ist, gold, 3ias
1951' 94
Pitts. Paiusv. A F.— 1st, 5s... 1916!
99^8
95
Gold 49
1952 1021a 103 14 Pitts. Y. A Ash.— 1st, 58
1927!
Fficett.^
Atlsntlc&Danv.— IstK., 69..1917 99<4
Atl. &Pac.— 2d\V. I>.,)<u. Gs, 1907'
Bait. & Ohio— l«t, Bs-, l?ark B.1919 '121H!
1925: 107 '4
5s, Kold
Conn, inort., Kold, 58
1988
19:t6
Beech Cicek— 1st. Kold, 4»
SOU
03
Bid.
la
77
'
Springf. Div.— Coup., 69. . .18981 112%
^Prese't A Ariz. Cent. 1st, 6s,g.l916[
00
Middle Div.— Reg., 58
1 20
1921 115
2d income, 68
1916;
C. St. L. AN. O.-Ten. I.,7s.l897 121
Rich. A Danv.— Debenture 6a. 1927i*103>9
1900i*119'a
St. L.Jacks. & Chic.— Ist,7s.l894
115
Ist, consol., 7s
1897 121
Atl. A Char.— 1st, pref., 78. .1897
1st, guar. (564), 7s
19071'•120
2d, 68
;Rich.A W.P.Ter.— Con.c.t.,5s.l914
1894 I1412 116»at
2d inort. (360), 7s
Gold, 5s, coupon
1R.W.A0.— No.AM.lstg.gu.5s.l916
1898 115
1951 ;il8
2d, guar. (188), 7s
Memp Div., Istg. 4a
1898 115
1951;
lOlig iRomeW.AOg.Term.— l8tg.5s,1918
Mlss.R. BridKe— 1st, 8. f., 68.1912 107 14
Dub. A 8.
2d Div., 7a ...1894 "ibs"
St. Jos. A Gr. Is.- 2d inc
1 925
40
76I4 82
Chic. Burl. & Nor.— Deb. 6s. .1896
Ced. Falls A Minn.— 1 at, 7a. 1907
Kan. C. A Omaha— Ist, 5s.. 1927
87%
Chic. Burliufc. & Q.— 5s, s. f..l901 i07'
Ind.Blooin.AW.— 1st, pref. 78.1900
44
8t. L. Ai. & T. H.— Div. bonds 1894
120
Iowa Div.— Sink, fund, 53..1919
Ohio Ind. A W.— 1st pf., 58.. 1938
Bellev. A 80. 111.— 1st, 8s. ..1896 1-20
Sinking fund, 4s
Ohio Ind. & West.— 2d. .58.. 1938
Bellev. A Car.— lat, 68
1919 97 14 99
39
47
1923 110
Plain, 49
92 14
I.B. AW., eon. inc. Trust receipts.
1921
Chi.St.L.&Pad.- l8t,gd.g.5s 1917 100
20
Ohic.Mil. & St. P.— lat, 88,P.D.1898 125
Ind. D. A Spr.— 1st 7s, ox. cp.l906 iboii
82
St. Louis So.— l.st, gil. g. 4s. 1931
86
2d, 7 3-lOa, P. D
Ind. Dec. A West.—M. 5s
82
1895' 1151*
1947
Car. AShawt.— 1st g. 48
1932
1st, 78, $g., R. D
2d M., inc. 5s
129
St. Louis A Chic— Ist, con. 6s. 1927
1902
1948
35%
34U
Ist, La Crosse Division, 7s. 1893
Iowa Central— 1st gold, 5s. . . .1938 86
8t>''8l St. L. A I. M.— Ark. Br.,lst,78. 1895
106
117
Ist, I. & Jt., 7.>i
Kan. C.Wyan.AN.W.— 1st, 58.1938
1897*118
St. Louis A San Francisco—
Ist, I. & D.,7s
Kings Co. Elev. -Ser. A.lst .581925
1st, 6s, P. C. A
18991
104
1919
Ist, C. &M., 7s
Lake Shore A Mich So.—
128
Equipment, 7s
19031 125
1895 105
lst,-L & D. Extension, 78... 1908' 125
Cleve. P. A A.— 7s
1892 104
lat, trust, gold, 5s
1987 Olifl 94i«
Ist, Southwest Div., 6s
Buff. A Er.—New bonds, 78.1898 122%
Kan. City A 8.— 1st, 6s, g.l916 97
1909; 117^! 118%!
l8t, LaC. <feDaT.,53
Kal. A W. Pigeon— Ist, 7s.. .1890 101%
Ft. 8. A V. B. Bg.— lat, 6s. 1910
19191 104
lat, H. & D., 78
Det. M. AT.— 1st, 73
1906 1221a.
8t. L. K. A80. Wn.— 1st, 63.1916
19ie|*126>..! 127'a
1st, H. * D.,5s
Lake Shore— Div. bonds, 78. 1899 123 127
110514
Kansas Mid'd.— Ist, g. 43.1937
191C! "
Chicago .t PaciBc Div., 6s..l910i 118''h 120
Mahon'g Coal RR.— 1st, 5a. 1934!
St. Paul A Duluth— l8t,58....1931 112
110
Chic. & .Mo. Riv. Div., 58. ..1926 lOli, 104=14 Litchf. Car. A West.- Ist 6s. g.l916
2d mortgage 58
98
1917
106
Mineral Point Div. 5s
Long Island— 1st, 7s
1898 •121 123131 St. Paul .Minn A M.— Ist, 7s.. 1909 iiiij
107
191C! 105
C. A L. Sup. Div., .53
N. Y. A R'way B.— 1st, g. 53.1927
2d mort., 6s
1921 *103
104
1909
Fargo & South., 6s, A.a8U ..1924 . .
2d mortg., inc
Minneap. Union- 1st, 68
1927
1922
Inc. conv. sink, fund, 5a.... 1916 '100
N. Y. A M. Beach- 1st, 78. .1897
Mont. Cen.- 1st, guar., 6a. .1937; 115ii
Dakota &Gt. South., 58.... 1916 101
N. Y. B. A M. B.— 1st, g., 58.1935 '100
Eaat. Minn., 1st div. lat 5s 1908'
Gen. moit. ir. 4s, ser. A
Brooklyn A Mont.— 1st, 68. .1911 110
San Ant. A .\ran8.— lst,68,'85-1916; 87
90
1989
Chic&N.W— Esc&L.S.— Ist,6.s.l901 111
Ist, 5s
Ist, 6s, 1886
1911
1926; 8913
pes M. A ."Minn.— Ist, 7s. . . .1907
SmithtownAPt.Jeff.— l3t,78 1901 no
|San Fran. A N. P.— Ist, g., .58.1919! 100^
Iowa Midland— 1st, 83
Louis. A Nash.- Cecll.Br., 78 .1907 105
Scioto Val.— Ist, cons., 78
1910
1900 130
Peninsula— 1st, conv., 7s. ..1898 120
N. O. A M.— lat, 69
Coupons off
75
1930 115 !ll8%
* Milwaukee— Ist, 7s. 1896
N. O. AM. -2d, t>s
Sodus Bay A So.— Ist, Ss, g...l924
1930
110
ill!"'Pensacola Division, 68... ...1920 110
80. Pac, Cal.-lst con. Ss
* Ht. P.-ad, 78
1907;
1938 101
Jf!''Mil. & Mad.-l.st, 68
St. Louis Division, 1st, 6s.. .1921 '120
iTexas Central— 1st, s. f., 78. 1909 "49"
1905 116»4
Ott. C. F. &.8t. P.-lst,58..1909 'IO8I4
Ist mortgage, 7s
2d, 3s
1980 65
1911
Northern lll.-ist, .5s
Nashv. A Decatur— 1st, 7».. 1900 1201a I2214 Texas A Now Orleans— lst,7s. 1905
1910 '110
Chicago Rock Lsland & Paciflc8. A N. Ala.— S. f 6s
Sabine Dlvi.sion, Ist, 6s
1910
1912
I'esMolues&Ft. D.-l3t,4s.l905'
Tex. A Pac, E. Div.— Ist, 6s. 1905
Pens. A At.— 1st, 6s. gold. ..1921 105
90»ai
48t.a'2;''
Nash. Flor. A 8. 1st gu. 5s.,1937
1905
1917
9818 Tol. A. A. A Cad.— 6s
Extension. 4a
89I2
Lou. N. O. A Tex.— 1st, is.... 1934
Tol. A. A. A Mt. PI.—63
1905
1919
87
Keokuk &Dea M.-lst,53;:i923
Union Paclflc—Ist, 68
2d mort., 58
1934
40
1896 * 1 14
106^
Lo"is-l9t, 63
Mexican National— lat, g., 68.1927
1st, 6s
1897
1915
RS ^.^t;
Chic. St. P & Kan. 01ty-5a..l93tS
income, 63, "A"
Ist, 68
2d,
1917
1898
56
62
Minn. & N. W.— 1st, g 5s 19.34
Collateral Trust, 6s
2d, income, 68, "B"
1917
1908
17
Chic. St. P. & Miiin.-i.ft;6s .-.tijll 126
Collateral Trust, 53
Michigan Central— 68
1909
1907
No. Wlsconsin-l.st, 68
C. Br. U. P.— F. c, 7s
Coupon, 5s
1931 112
1895
19301
Atch. Col. A Pac— 1st, 6.S...1905
Jack. Lan. A Sag.- 68
1891 102% 104
126
127>a
Chic. & W. Ind.-l.st, 8. f., 68.19191 114ia
Atch. J. Co. A W.— 1st, 6s... 19051* 90
Milw.L.S.AW.— Ext. A Imp., 5s. '29 104
General mortgage, 68
Utah Southern- Gen., 78 ..1909 115 120
Michigan Division, Ist, 6s.. 1924
19321 117ia
Cin. Hain & D.— Con. s. f., 78.1905 126
Exten., Ist, 7s
1909' 114
Ashland Divisiau- 1st, 6s ..1925 116
2d, gold, 4123...
U. P. Lin. A Col.— Ist, g.,.58.1918 103
Incomes
1937 '.'".'.'.
105
Cin. I. St. L.& Chic.-l3t,g.;-is;i936'
Utah A Northern— Gen., 53. 1926
Minn.&St.L.— I'a Ex., 1st, 78.1909 85
103
Consol.,68
Valley R'y Co. of O.— Con. 63.1921'
2d mortg., 7s
105
1891
1920
75
'S'.Mac.-lst, g., 53.1936
Wabash— lat, gold, 59
1939; 103
103 13
Southwest Ext.— Ist, 7g
1910 77 14
fM"r'.'',''^!fci.Lol. Cin. & Ind.— 1st, 78,8.f.l899
Wab.St.L.AP.— Det.Div.,68,Tr.rcc.' 128
Pacific Ext.— let, 6a
1921
85
123
CoM.sol. sink, fund, 7s
Equipment bonds
1883
10
Impr. & equipment, 6s
1922
1914
Clove. & Mab. V.— Gold, 53 "l938
103^
Quln. ATol.-lst,79,Tru8treo..
Minn. A Pac— 1st mortg., 58.1936
107
Co oradp Midland-lst, g., 6s.l9.36 105
Han. ANaples- l9t,78,Tr. reo .., 103^
Minn.S. Ste. M. A Atl.— lst,58.1926
Colnmbia & Gieen.-lst, 6s. 1916 •IO2I2
103
III. A So. la.— 1st. ex., 6a,Tr.rec.
Missouri Pacitic— Tiust.g., 58.1917
98ii
2d, 68
8t.L.K.C.AN.— R.?:.ARR.7s.l895 109
j^9.2(j * 80
Mobile A Ohio-lst ext., 68.. .1927 110
Col & Cin. Midland-istV
St. Charles Br'ge- l8t,68.
1908 *107 110
1st pref. debentures
6s.'l914
90
No. Mi.ssouri— Ist, 7s
1895 *115
St. L. A Cairo—ts, guar
»• '-.'"'''• '*' W.-Convert. 7s,1892 1081a 109
1931
78
80
Mortgage 7»
Warren A Frank.— lat, 78
1896
Morgan's La. A T.— Ist, 68.. ..1920 •110
1907 133 135
Syra. urng. & n. y.-lst", 7s'.1906
West. Va. C. A Pitts.- 1st, 63. 1911
1st, 78
19181 125
.
Morns* E»8ex-l8t, 78....1914 148>a 138 Nash. Chat. A St. L.— 2d, 63. .1901 111 iia" Wlscon. Cent. Co. -Istg. 5s.. .1937 961s
Income Ss
1937
New Orleans A Gulf— 1st, 68 .1926 ......
1891/
106
T^'l"-^
Bonds, 7a
mMecllaiioous Boudii.
1900 1 91
N. O. A. No. E.— Pr. I., g., 68.. 1915'
78ofi87i....:::::::;:::::il2? \li
Am. Water W. Co.— 1st 63. . . 1907
N. J. Junction— Guar. Ist, 43.1986
1041a
'^*
1907
lOOH
Ist con., gold, 53
1915*144»4 14514 N. Y. N. H. A H.— 1st, leg. 4s. 1903 'iii"
riAi
Del. i'l?"'!",'?"*'"'
& Hud. Canal-l8t, 78. ..1891 104»8 105 N. Y. A Northern— 1st, g.. 08. 1927: 111
Bo.ston Un. Gas— Tr. cer. 5s.. 1939
Ist, extension, 78....
"55" Cahaba Coal Mln.— 1st g. 7s.. 1907;
^
1891
1927
2d, 48
Coupon, 7»
Col. A Hock. Coal A I.— 6a, g. 1917
1894
117>a N. Y. Susq. A West.— Deb. 68.1897 ::::::
Pa. Div., coup., 73....:;;;;:i9i7
.103
1905
2d, 4 las
1937 81
....144
81% Equitable G. A !•'.- Ist 6.s
Albany & 8u.s<i.-l.st, gu.,78.1906
Hackcnsack Water— 1st, 5s.. 1926 •104
Mex.-lit, 4s.. ..1912
N. Y. Tex. A
1st, cons., guar., 68;
Henderson Bridge— lat g. 63.1931 108
Northern Pac— Divid. scrip ext... 103"
1906
126
Rcns A Sai-.-lst, coup., 7S.1921
1901
85
Iron Steamboat Co.— 6.9
James River Val.— 1st, 68.. ,1936
1.55
Denv. & R. f J.— Inin.. jy ^^
q\
iq.>q
p«
Spokane A Pal.— 1st, 6s
1936
108% People's (ias A Coke ) l3tg.6s,1904
^^
99
> 2d g. 6.9,1904,
pai,8o.Sb.AAtl.i^G&d5s::ii>5l ^^
Co., Cbioago
P.-Gcn., 6s. .1923 120 121
94% St. Paul A N.
102 <4
Philadelphia Co.— 1st s. f. 6s. 1898 '
HelenaAUertM'ii-lsr.g.,6s.in37 100 103
'•riL"'.'- ^"i- * «a--l8t, 78... 1900 12313125
DirLsional 5s
Duluili\-Maiiil"lia-l9t.g.6sl<t36
1930 111
IO914 We.st. Union Tel.—Coup. 73... 1900, '117
1st cx t.,gold, 5a
Whitebr'st Fuel— Gen, s.f. 63.1908 •104
Dul.&.Man.l)ak.!>iv.— I.^ttisl937
1937
Sinking fund, 6s
IX)uis. & Mo. River— 1st,
1903' 123'a,126
7s. 1900
.
'
2d, 78
1
1
8m
I
1
•<
I
C—
I
.
.
f
'
.
1
'
i
1
;
1
'
;
. .
. ,
I
. .
.
1
. .
,
.
-_
.
1
.
.
,
1
No
price Friday; these are the latest quotations
made
this
week.
THE CHRONICLE.
398
New \0Tk
21, 18P9,
Bank Statement for the week ending Sept.
We omit two ciphers (00) in all cases.
City
as follows.
is
Loatu
Spw<<.
LtgdU.
•
*
»
»
»
Bank or Xew York...
MwibatUD Co
2.000.0
a.050.0
2,000,0
2,000,0
3,000,0
BCerobantA'
Meohauloa'
America
1,580,0
1.450,0
7!''.l,2
1.63ii,(l
l,87i>.5
542,»
PhenU
1.000.01
Oltr.
1,000.0
1,000.0
2,309.7
300,0
600,0
1,000,0
300.0
200.0
200,0
600,0
300,0
8,»41,0
108,5
1,3S4,8
275,3
11.620,0
702.0
1,094.81
1,78'2.0
677.0
9.«12,fl
7,7'J2.0
S.O'JS.O
l,6(i'.'.2
1,171,6
10.94-.',4
787.0
2 693.5
22,701,1
3,563.5
22-.'.;;
1,270.0
l,'.i9i
12,090,0
9.824,0
7.119.6
9.111,0
11,216.0
4,505.0
1.651.2
1,240.B
220,0
818.0
157,9
770.0
479,0
337,8
86,4
441,0
177,0
289,0
2.680.(1
1,'2»3.S
TradeAinexi*a..
Cbemlcal
MerchautV Kxrh'nge
GaUatlu National
&
Drovera'.
A Traders
Meclianlca'
Oreeuwich
Leather Manafact'ra.
Seventh National
•tateot New York...
1,200,0
5,000,0
6,000,0
1,000,0
1,000,0
mertoaD Exchaoffe..
Oommerce
Broadway
Mercantile.
422,7
Paclflo
BepnMio
Chatham
1,500,0
460,0
200,0
700,0
Peoples*
North America
Hanover
1,000,0
500,0
600,0
IrvUig
Citizens'
Naaaaa
Market
600.0
750,0
600,0
600,0
A Ftilton.
NlcbolaH
Shoe & Leather
Bi^
Corn ExchHUKe
1,000,0
1,000,0
300,0
1.500.0
Continental
Oriental
Importers' <& Traders
r»rk_
•.,000.(1
tiaiOx River
:C»<i
240.0
271,8
482,0
1.20?,6
•.4.9'.'8,6
3,607,3
258,8
374,9
191,0
6KJ.1
202.7
220,3
2,(-88.0
2,934,6
2,801,3
4.069,8
2.026,8
2,742.0
482,9
313,1
416.1
969,2
198,3
691,0
6,027,1
725,r>
25(j.l'
i,;o3,H
2"i 9.0
4,292,8
2,04».2
n.-..
'.1,1
-no
1,232,6
7,187,(1
,
.
uanteld
Ftitb National
Bank of the Metrop.
WostMde
8-4bui«r'l
& xtn National
-
National
936.0
l;(2,o
1,392,8
'2.48.^.9
li
381.5
517.7
231.3
280.7
4,36-/.4
230,1
2.961.3
3,066.4
1,657.1
3,907,2
2,20/,0
127..'>
'.,948,0
82,.S
2i:l,o
i7,716,l
9,346,0
4,-76.0
5,764 3
21,465,8
8,024,3
147,0
1.33!'.9
•2,666,6
U-i.4\
3,20'",
l'^2,9
2,714,3
1,624,6
98,5
n.575.0
4,109.2
3,3^],?
3.191,6
6.319,3
3,738,6
3,532,4
1,952,0
4,514,9
2.58 ..0
3,762,0
2,012,0
10,630,2
521.5
3;<2,0
67,9
321,0
339,1
4.~>4.
323,
836.
490.
43S,
329,
•227,1
1,444,
1,356.7
251,1
2'22
(1
468,0
125,(1
60.762.7l54,625,ll409.C02,3 70,9<J8,0 36,023,5420,168.4
Total
C'a}>ilnl iX<
.^UTi.lu*.
BAlfKB.
Jjoaru.
I
K. Vork.
Ang. 4...
*
115.392,8
115.39'A8
113,392,8
115.: 87,8
115,337,8
:
31...
7...
••
14...
"
21..
Bosino.*
..
Pbiln
L^nfiU. \DevGHU.-\"i'-r*i'n Clearinqs.
I
f
412. 488. 9;67,6fl5,5'40
1,159,0 422,794,0
406. 241, 9 69,578,8 10,
1,001, S'4 19,399,3
.79'2,1 '424, .'.72.1
406. 832, 3 76,478.3 37
409, 703, 274,336,8, 36,
i,875,r4'M, 30.8,5
4o9, 602, 3i7U,t98,0:B6,023;5l420,168,4
6.1,544.9 i.';5, 210,
65.'.44 9 165, 294,
65,644,9 155, 691,
7...
21
SptcU.
3.'S,132,3
4, 499,4
10,56.^,1
10,632,8
10,466,3
J,,74'.',0
i
4,,957,1
99, S59,
.3,975,7 701,25.'>,7
3;933;9 6621; 91!
134,547,5 2.498.1
137.366.6 '-'.545.0
136,173,0 2,643,3
74.136.2
79.797 9
82,132,3
2.i,5(l(.,
Bunk Stock
BANK8.
Bid
200
List
—Latest prices
BANkS.
Ask
201
98.049,0 2,131,0 60,0834
99 302,0 2,1,(3,0 6o,7o2,a
08.102.0 2.125,0 74,471,4
t tuvitidlng, Xor bustun ana Phlla
24,591
• t\t until two LipriK/uiu atitfieife
nyufe*.
de phla, the Item '• due to other bnnaB."
America
3,870,2 623.785,7
3,923.5 U'i6.889.1
3,964,5 627.373.8
26,035,
36,132,3 100 574,
3. .132 3 100,
,302,
1...
it'.'
1
Garlleia
C-ierman
Bid.
tliis
400
week.
Bid
102
Germaiiia...
270
Broadway...
310
N.Y. Coanty. l.iO
N,Y.Nat.El. 127
\hO
Ninth
.\. America.. 181
Greenwich..
Hai.over
140
146
Kud
Ask.
Butchs'dEi;.-. 180
Central
142
Chase
260
300
Chatham
Climilcal
City
Cltixens'
Columbia ....
,
til
174
[Mercantile... 205
Mer.ltalltM'.. 155
Ward... I5U
1
.Street..
Fourth
Merch'tsEx.
.
...
140
117
Uepublic....jl76
i'85
160
16
St. Nicholas. 122
.State of N.Y. IKlia
Third
1?5
Tradesmen's, h 00
United St'es. 220
I
110
1
2d molt..
1914
103
B'way ,SuiIace bd')...1921 101
Kontts »?UHr.,5s, 1005
96
Brooklyn City- Stock
1«0
l.stmort., 5s, IS102
103
Bkiyi.. (Jro.sstown— aU'O*. 195
1st mntt.. 7.". ;9l8
108
5s,
BnshWk A v.i Bk lyul- St'k
li'i
Central Crcsstown— .st'a.. UO
1st mort., 6s, 1922
116
Cent. Pk..V.AIi. Kiv.— 8tk. 102
Consols. 7s, 1SI02
118
Cb:ist'pb'rJtl0tliSt.-8tk. 125
Bond.s. 7s, 1898
114
j
Tr)- Dk.E.B.A Bat'y-att
Isi mort.. 7n, JH93
120
lox
106
106
100
162
106
1893
,110
42dSt.Manh.& St-N.Ave. 39
Ist mot,, 6«, 1910
116
'id mort., income, 68
iV
Hou9t.W.st..tl'.i?'y— Stk. 165
200
l^t niiirt, 7s, 18'ji
1C9
110
Nintn Ave
85
l^o
Second Ave.— Stock
146
1st mort., 5», 1910
ji r>
jSixth Ave.— Stock
;66
iiis'
let mort,, 7s, 1890
1(16
121
iThird Ave.— Stuck
2.10
12619
Bonds, 7a, 1890
102
116
Twent.v-llilrd St.— Stock.. 223
123
Ist mort., 7s, 1893
lOE
)0U
I
Isl mort., 7s,
1
:
i
I
•
I
I
1
I
I
I
78..
}
Mortgage,
Trust,
4m
116
62
110
90
4^8, Tiust Loan
Perkiomcn— Istse.
115
.
I
Plain, 5s
'2d
5s,
32
(js
"a;.
A
Cons., 7s, coun., 1911...
Cons., 6s, g., r. B.C. 1911
6s, g., coup., 1897.
OS., Istser., 1922.
—
C—
67 «
31
17>5
,.
104
A
I
'
2d, 6s
3d, 3s
1st Inc., 5s,
(!0
I
La3t price this week.
G.* 8- Light
67
100
88
Consitliilated Gas
Jersey (.'it.v A Hobokeu.. 170
116
Metropolitini— Honda
102
Mutual (N. Y.)
100
Bonds, 6s
112
Nassau (Brooklyn)
too
—Brokers' Quotations.
GAS CO.MP.ANIES.
Ask.]
Bid.
1118
GasLight
110
70
103
89
Bid.
People's Brooklyu*
j
WilUam.sburg
Bonds, 6»
Mel ropolitau Brooklyn)
(
.
.
Miinuipul Bonds, "s
Fulton .Muiiieiiial
A sk
,
77
122
112
16
'l20
JIOS
<
90
-
120
104
102
lioiid.s,
6s
I12T
1103
126
•..
100
125
120
108
Equitable
Bonds, 6s
110-
1(12
Stock Exchange— Unlisted Securities.
BBCnRlTIES.
42
Am. Pig T on Stor'ge war.
Am. Caille Trust
144
45
17
'iii
Pike's P'k, 1st 6s 100
90
87
A Char. Air Line
no's 121
Ist, 7s, 1907
40
Brooklyn Blov'd— stock.. 35
24
24
Brunswick Co
Atl.
10
108
112
104 lu
2d mort., guar
r<'^
Chic A All.- Beneficiary.
Cincinnati A Spiiiigf
Coi fiienlal (^"ii. A Iron..
Ill t Hers' A CatUe F. Tr.
Stk.
Uui. s, shore A At
Pret
—
Pac— Stock
SECURITIES,
Bid.
Mex. Nat.Construct'n Co.
Michigm A Ohio
,Mt, Des..* East Sh. Ld.Co.
Newb. Dutch.AC'onn
jN. J. southern
N. 0. Pac. Lai.d Ornnt...
iNewp. N. A Miss. Val....
IN. V. V.-.S.A Buff
«. Y. A Oreen'dLake.lst
2d mort
N.Y. Loan A Impr
21
Bid. Ask.
Am. Bank Note Co
1st 6a
Consul. 58
Income 5s
;
J 27
10
1931
Seab'dA Ko'n'ke— 5s, 1920 »105
West. Md,, 3d guar., 6s..
Wil. Ct>l.AAhg.,68,l910.l IISX.'
44 >4
38
N. T. and Brooklyn Gas Securities
Georgia
.
i.
Income, 68
A Ohio-4s, 1935...I 1 _
Cape Fear A Van.- -Ist, 68 104 "s 106
101
Cent. 01lio-6s, 1890
Char. Col.A Anx.-lst,73 5110
90\ lOO^*
Cin. Wash. A Balt.-lats.i
Bait.
50
70
A
i
i
KAILKOAI) li<.lNOB
Atlanta A Char.— 1st, 7s.'
5e>«
Citizens'
Ohio.
Pt ef eri'ed
Augusta
Charl. Col.
|We.-5tern Maryland
1
109=4 110
Elmira
i
i
.
128\ Central Ohio
l'^8
East Pennsylvania
Per share.
A
67'« Baltimore
31^4
1st pref
ISi-j
2d pref
1
A \A?illiamsport...
Atl.— 1st, 6s
KAI.TIM<MtE.
RAILKO-\D STOCKS 1
106
PHI1.,ADEI,PI1IA.
Atlantic, pref.
—
PittabuiK Br..fi8
1
RAILROAD STOCKS
A
Jersey
West Penn.— 6s, 1803
100
Rutland-58
$--.-.:Southern Kansas— 58
69
Texas Division— 58.
Incomes
9534'
Wiscon. Cent.— Ist M., bs
66
Income, 5s
Beir8Gap
Camdea A
W.
9913
lOSH)
503
11
14
i
Pitts. Cin. A St. L.— 78,cp.
,8chuyl. R. E. 8.— Ist, 58.
'Steuben. A Ind.lstm. 5s,
:TJnited N. J.— G. 6s. 1908
iWarren A Frank.— 1st, 78
West Jersey Ist M.,78.,
A
A
104
,
Deferred incomes, coup
Phil.W. A Bait.— Tr. c, 4s
K. C. Ft. Scott A Glf.-78 118
Kane. City Law.A So.— 681 101
K.C. Memph. A Birm— 6s 100
iian.Cit.St.Jo.AC.B.— 78
A
.
'
Imp.,
Cons.
ConsoLof Vermont— 58.. 87^4
Eastern, Mass.— 6s, new.. $128
K.C. Ft. Scott A Mem., 63 115
K. City Sp'dAMerap.-Os!
K. City Clin. A Spr'd.-6»
Little R.
Ft. Sm.—
Louisv.Ev.ASt.L.— 1st, 68
2a mort., 2-68
Mar. H.
Out.— 1925, 6s.
1923, 6s
McxlcanCen— 48., 1911..
1st con. inc.,3s, 193^....
2dcou. inc. 3.»,1939 ...
N. Y.
N. Eng.— 1st, 7s.
1st mort., 63
;
—
2dmoit,, 63
Cons., 6s
Dgdens. & L.
serie8 5s,
.
—
Income, 6s
...
'
58, 'IS 104
1918
Penn. AN.V.Can.-6s.'39,
Pliila. A Erie—con. 68...'
103
General niortg. 4b
Philadcl. A Read.-lst, 68
2d, 7s, C. A R., 1893
75
68
Mo. R, In Neb.—
119
Exempt, 6s
I07I9I.
Non exempt, 68
110^'.
Land jfrant.79
California South.— 1st, 68
Bull.
Ualilorula Paclflo
150
—
SB's
A Topeka— 1st,
CoUaU Trust, 5s
itch.
lOfl
139
North Peon.- 1st M., 7b. 119
General mort. 7s, 1903. 130
N.Y. Phil. ANorf-l8t,e8 110
50
I ncoine. 6s
..
Penn.— Gen. 6s, coup. 1910
Cons. 6s, coup., 1905
...
New York
OS's
II2I1
2d mortff.,7s
Consol. M.. fts
BONDS.
i56
jWest Side.. 22S
New York. ..'242 248
City Railroad Securities— Brokers' (iuotations.
Bl'ckerSt. A Ful. F. -Stk. 28
30
D. D KB. *B.— Sci1p6s.. 105
1st m«rt..7a., lilOO
114
IIB
Eiifhth At.— Stock
142
Br'ilxav A 7tll.\v. St'k.. 190
195
Scrip. Us, 1014
105
1st murt.. 68. »1>04
106 108
4'2il & (Jr'ud St. F'ry-Stk.
250
Gallatin
US'*
10
Preferred
Scrip
136
118
130
101
..-^..
Cons., 53, coup., 1919...
A Mans
Wisconsin Central
Seaboard ....llS9
'8'25
Second
'.Seventh
1130
!<hoi'ALeath.|l.'i2
Sixth
.1250
1-24
Murray HiU. 200
Nassau
160
People's
Produce Ex. 11
13
Metropolis... 325
Jit. .Morris .. 200
170
1.
240
215
VMk
133
118
Leh.V.-l8t, 6.s,C.AR.,'98
•2d, 7a, rec, 1910
Cons. 6s, 'CAR., 1923..
15=8
Bonds, 58
Plienix...
12>l
l.Metroi»olitan
100
100
168
I'ucitic
Market* Fu! 200
Mechanics'.. 200
M'chB'ATrs'. 200
2;i0
I4th
180
186
...'...
A Amboy.— M. 58.
A Wilm.— 1st, 6s..
Harris. P. M't J.AL.—4a.
HunfnA B. T.— 1st, 78.
Easton
Elmira
N. Y.
Brooklyn
210
Oriental
560
1»7
230
250
110
llo
135
'^01
230
Eiiet llivor.. 172
11
540
Manliatlan,.. 180
i9d
Commercial.. 108
Coutiiiental 130
Coliinierce...
Corn Kxeh.
3C0
Kiver.. 142
Im. <R Trail's'
IrvlnR
4(100 450C
Leather ilts'
.575
Lincoln
180
190
iMadlHOn Sq..
Del.ABa.B.-lst,7a, 1905
35
GAS COMPANIES.
North River. 140
.'00
124
German Ex. 250
60
92
5
Manehi ster A Lawrence.
Mexican Central
t
BANKS.
Ask.
RAILROAD BONDS.
7«3j
131
69
28
03
Flint A Pere Marquette,
Atch.
{228
Atliintic.
AIleKh. VaI.-7 3-10«,'96.
Inc. 7s, end. C'iui'.,'94..
Bells Gap—lstM., 7h
Cain. A Amb.— M. 0s,'89..
Catawissa-M. 7s, 1900...
Charliers- 1st mort., 7s..
Cleartield A Jeff.— Ist, 63.
Connecting- 68
"b
Preferred
Fitchbui'ir. pref
A Mem.
A
N.J
rrnit*d Co's of
A Passunip..' 112H 115
200
C-'Unectlcul River
108'
107
Eastern
Preferred
Am. Kxcb... 160
A. bury Park
Buweiy
265
Am.
I
.,
A Ene
A Lewlston
West Jerse.v.
West Jersey A
26
160
Vermont
162,7
1.4524
11.631,1
482,:(
i
|
Connecticut
•2,31:7,2
1,910,1
2.'>8,3
27(«
6 "a
'
2,0(10,1
i!3,
109.1'
540,7
1,459,0
963,1
190,8
2i6,4
1,159.7
717,'
Sunbnry
Phil.
Preferred.
Coucoirt
Valley
Penusjivaiiia
44
A
A
Cleveland A Canton
,
Haven.
M.
11^*
A New Eur., pref.. 119
S1S2
Northern
n75
Norwich A Worcester
Ogdensb. A Lake Cham.. { 5
177
Old Colony
Portland Saco A Ports... il26
{
Summit Branch
6Hi
24,1.16,4
824,0
750,11
423
Northern Central
Norih Pennsylvania
A
Minehltl
2.967,7
3,218,8
4,361,9
1,888,3
3,438.0
6.'283 4
6,276:2
340,0
358,0
548 5
2.613,0
2,8)0.3
9.827.0
3,877,1
2,962,2
2,718,6
257
16
Preferred
Maine Central
2,«2'2,',i
249,0
394.7
157,6
217, t
a79,7
717,1
TJesiiiiehoniiiK
3,0!I0.9
6.i>87„T
16,1'23.5
«20,il
248,'.^
Little Selinyllvill
208'»
K. C. .Mcnijib. A Birm.... 5
Louisville £:vrtns.
St.L.
2,9vi'2,0
20'«
Valley
216
166
Chic. Burl.
North'u....
Chic.
West, Mich
Preferred
Kan. c. Ft. Scott
Ask
>«
Prefened
12,672,0
4,951,3
3,03,5.4
20
38H 38 >j Lehigh
4,349,5
8.261,2
1.761,0
13'J,8
:<,44B.O
l.'288,0
J00,0
250.0
200,G
760.0
600,f
100.0
200,0
200,0
500,0
800.0
200,0
150,0
300,0
200,0
600,0
200,0
3,600.0
1,3,676.8
2,897.>J
621,5
3,872.3
2 696.4
105,6
256,7
i,2es,5
17.650,3
8,252,0
507,3
1,311,7
2.731.2
1.389.7
2.910.8
15.027,0
371,9
185.3
707,8
765,7
342,8
360,4
193,H
215,1
131,8
391,0
254,0
671,7
364.1
2.211.0
1.631,8
128,0
139,1
3,653,5
741',3
'/96.7
4.5 0,5
4,70E,5
2,061.0
23,083,8
20,991,3
3«(),3
4,0;18,«
4,(125,2
2.0118.9
.3,051,0
Bid.
Aak.
I
t
31.7,6
1,498.9
354,2
3,276,3
7,40l>,9
2.887,2
11,573.0
4,928,6
2.419.9
4.974,7
2,496,5
26.777.3
RAILROAD STOCKS,
Atchison <fe Topeka
Boston A Albany
Boston A Lowell
Boston .t Maine
Boston A Providence
Callfomla Southern
Central of Massachusetts
Preferred
239.0
963,7
210.1
009,0
5,237,1
nulled sut«8
Lincoln
••
743.0
850,0
838,2
684,3
4,0(H.O
10,2.i7,7
53,5
213,1
1,498,0
2.472,6
1,899,0
1,309,5
4,10r(,0
Oermaula
i^cpt.
3,119,1
1,633,»
21 906,6
Plttta Aveune
German Exchange...
14
50l),4
l,B6.',i>
•287,0
22;i,2
284,1'
County..
Chase National
"
1'28,7
444,1
3,427,8
1.406.8
S.7b7.B
17.972,0
19,030.7
5.488.1
KO.l
6,157.4
Bowery
••
109,('
626,1
121.0
Oenn an- American....
Sept.
6.19'2.T
2.009.3
l,3;i(',4
Third National
N Y. Nal'l Exchange
Sept.
622.0
666.0
611.0
111,0
1,'«10,0
Nli.:h .v.>tioual
First "^uUonal
"
8.0-.!9.4
25(1,0
Berojd >ilion&."
Waatem
375,1
3,200,0
2,000,0
300.0
750.0
SjO.O
Kiver
Jc'jrili Nailona".. ...
OentTrt Naiiotj m.,,....
New York
9,66.5.0
3.0( 8.3
208,-l
Bid.
SECURITIES.
HnnUuKton A BroadTop
8F.CUBITIES.
(0)J Mil tiled.)
Batchers'
Quotations in Boston, Philadelphia and Balilmore.
FoUowing are quotations of active stocks and Ixinds. A fu'i
list isKiven in the Chronicle the third Saturday of each month.
Dfposit*,
S
CatttaL Survltu.
Banks.
XLIX.
[Vol.
6^
IVI
1
.
...
8
S2
13
11314
15
PeusHcoia
1 3 34"
Postal Telegraph- Cable.
1
1
17
J
20
^
lo
18
2
22
33
<W
37
20
7
48
..»
60^ 6S
r
25
2d ace. int. cert
Ocean SS. Co. 1st, guar 102
20
T-l.
24
125
87's
N. Pac. P. d'Oreille Dlv.. lO-J
......
102
MI3 onrl uivis on
North Klv.Cons. t:o.scrip.
'^k.-".«
43(3 jO.I.AW.— 1st nee.iut.cert.
40
Aak.
.
.v
Alluo.i'
..
5
34
35
104
ri>«
37
«.
29
31
1
Href
8S
Paul E.A Or.Tr..l»t«s 102 "a 105
lat. 7s,Tr. rec. 113
101
2
St.
)jii7
6
Scio'o Val.
,175
a OH
Keely ilofr
Lehigh A WUkea Coal...
2
28
—C.AI.Dlv.,rt8
108
2t'0
104
230
110
L N.*.*i
6
30
2d, 78, Trust receipts...
(Tiiiedo Pe.ilia <B Wool...
(Otah Ceuttsl.— 1st Cs
Louisv. St. Louis A Tex.. 20(11
Mei ipbiSii^ cna'st. consols 117
iWabash— New
31
1
New
l.t, 08 ...
1315
n't
...
....
^
80 "4
2d, OS
West.N. Car.— Co 1.63
85
100
HOH
t>8
September
THE CHRONICLK
28, 1889.J
399
Lauti .Somitw* Rtporttt.
%nm5imtnt
Jan. 1
to LaltMl Data.
Roads.
Week or
Mol
1889.
1888.
1889.
1888.
AXI)
»
nousatonic
August
IIunit'st'n\-shen .\ugust
Ill.CcMl.dll.A.So.' .\ugust
The Investors' Supplbment, a pamphlet of 150 pof/av,
contains exlewled table} of thi Funded Debt of Slatei and
Cities and of the Stocks and Bonds of Railroads and other
Companies. It is published on the last Saturday of every
other month— V'Z., January, March, May, July, September
and November, and is furnUsJied without extra charge to
all reyular subscribers of the Chboxicle. Extra cpyies
are sold to subscribers of the Chrosicle at 50 cents eaoh,
and
to others at fl
per copy.
Oensral Quotations of Slocks and Bonds, occappinr/
six pages of the Chronicle, are now published on the
third §iitiir(liiy of each month.
Tlie
Latest
Eamingn
Jleported.
AUesbeuy
Auui.stou
V.il..
tfe
«
211,978
July
6,180
All. .\u'.ru8t
Aimistou i- Ciu.
A;il)V.i;Spartiu.
Atcli.T. iS.Fe.
6t.L.K.C.4:w'ol.
Gtilf.Col.&S.F.
C.ilitor'a Cent^
Califor'aSoii..
1888.
1S89,
Jan. 1
to
Latent naif.
Auaust
St-
787
12,19U
'12,99'^
45a, (Mii
424,171
.iiiL'n.s:
wk Sept
2d wk Sept
•id wk HeptI
i;d wk Sept
2d wk Sept
lid
Total systemt. id wk Sept
Atlanta i Char- July
Atlanta Ac W.Pt August
Atl i Danville .\-U(?U-?t
1,488
86,n22
211,516
13,418
."iilU.Ol?
112,281
31 801
39,000
Atla;itic .V: Pac. ad wk Sei)t;'
52,198
11 ,060,601
BA-O.EastLiue:^ .VUL'ilsc
Western Lines Auffast
445,716
Aii.ifu.st
Total
,lf.6,317
i
Bait,
i-
Pon.m
ic:
Beeoii CreeU
Aug.ist
AuKU.st
1
Bufl.Roch.A put 3il vie Sept
Cairo V. J: C'Uic. ith wkJ'ne
Camden &
Atl.. Au;;u.st
Canadian Paeitli' Sdwk Sept
Cp.F'r&Yart.Val August
Cent. Br. U.l'.. July
S.
C.
581,801
,369,036
,484,030
July
6,640
Cliarlest'n A- Sav August
Cliar.CoL&Auj;. AUKUSt
Chat.R'me&Col. AuKUst
Cheraw. &Darl. July
dCbes. & OUo
Aueiist
Ches. O. & 8. \V. August
EUz.Lex.iB.S. June
J une
Cheshire
Cqu.^. & Lenoir July
Chic. & Atlantic. ad wk Sept
Chic. Burl. & No July
Chic. Burl. & Q. July
Line.s contr'I'd July
C'aie.& East. III. ad wk Sept
Chic. Mil. A.St. P. 3d wk Sept
Chic. &N'thw'n. August
Chic. & Oh. Riv. August
Chic. Pe. <t St. L. July
Chic.8t.P.&K.C. Isi wk Sep
.
Chic.St.P.M.&O.
Chic. & W.Mich.
Ciu. Ga. ifePort.s.
Ciu. Jack. & Mac
Ciu. N. O. & T. P.
Ala. Gt. South.
N. Orl. & N. E.
Ala.
&
Viek8l>.
Victa. 9h. ik P.
Erlaufier Syst.
Clu.Rich.&r't.W
Ciu. Sel.
V'.igust
3cl
wk Sept
August
ad wk Sept
2d wk Sept
2d wk Sept
wk Sept
2d wk Sept
2d wk Soi)t
2d wk Sept
ad wk Sept
•_'d
&
Mol). -VngiKst
Ciu.Wab.AMich, AU'just
Ciu.Wash.ifcBalt Jd wk Sept
Clev.AkrouACol 2d wk Sept
Clev. & Canton.. August
«CI.Ciu.Ch.its.l. 2d wk Sept
Clev. & Marietta Ailgci.st
Color. Midland. 2d wk Sept
Col.
Col.
& Green V .. August
& Ciu. Mid.. 2d wk Sept
Col.Hoclc.V.& r. Ithwk
Cov1uK.&,Mac'n. July
Aug
Day.Ft.W.ACh.. August
Deuv. & Kio Or. ad wk Sept
r)euv..S.P'k>S:Pac July
fDen.T.t.A- P.W. August.
i)et.BayC.4:Alii 2d wk Sept
Det.l.aus'KiVNo ad wk Sept
DulnthS.S.&Atl ad wk Sept
E.Tcun.Va.^G.'i. 2d wk Sept
Evans.&Iud'plis. ad wk Sept
Evausv. & T. II. ad wk Sept
FitohhurK
August
Flint.&P. .Marf|. 2d wk Sopt
Flor. Cent. A P.. 2d wk Se|>t
Ft.W.Cin. JiL.. July
GeorKla Pacillc August
. .
Geo.
.Ho.
&
I'la..
July
wk Sept
wk Sept
Wkirept.ll
Cliic. &Gr.Tr. VVkSept.ll
Det.Or.II.ifc M. WkSept.li:
Gr. Rap.
iV
lud.. 3d
Other lines
Grand Trauk.
.
..
..
ad
;5,178
77,4i3
31,883
13,124
154,495
358,000
30.016
.52.477
Ceu.KK.&Bsi.Co July
Ceutialof N. J.. August
Central PaciUc. July
Central of
172,902
6,155
3 1,964
69.068
23,7.50
5,344
611,000
194,740
56,391
60,996
5,770
50,481
l«0,6t)6
,088,150
583,596
64,000
.585.500
,57,5,101
7,412
30,691
92,070
576,160
26,164
0,686
13,357
87,124
35,450
18,426
9,940
10,237
161,183
8,812
5,484
56,427
50,111
1 5,309
43,459
271,471
24,020
29,3.52
56,038
8,133
61,830
7,935
50,111
186,000
102,497
258,040
8.915
27,fK)3
43,338
1 29,022
6.810
l.»,337
505,779
45,2
.'2
18,099
23,782
123,080
27,481
4(i,60()
3.915
450,612
7M,2S7
21,774
1,-'81
1889.
1,304,345
01,818
73,409
77,101
13,311,312
43,004
2,332,803
1,1
U.951
58,074
73,442
76,843
l,86-',488
20,145
722,167
17,871
529,908 1 ,i.54',237
571,221 17,951,(r73 17,014. S73
91.0.53
8-2,O.Tl
715, 9S6
20,309
21.-. 318
257,918
23.487
53,903 1,932 1J8 .,n87,(:C8
,583,108 10,809 654
l,18),2-.:0
372,342 3,107 813 1,989,53,955,450 13,977,,467
1,172,75'.!
133,940 1,017, 833
,006.52 1
73,249
511 353
018, t.2
39,424 1,378, 898
,387,272
12,195
325 ,14.328,805
147,368
536 ,368
507,243
257,000 10,162 ,022
1,02 1.482
28,025
247,.597
204,290
68,157
382,,273
486.060
499,003 4,009 ,461
768, 702
,369,315 8,722,,034
381, 013
,385,438 8,601 ,927
1,045 567
6,957
56,,812
68,165
35,153
398 ,168
372,957
71.495
557 ,788
563, )24
10,348
162 ,518
4,180
43:,641
4il787
474,000 3,795,,081
:,330,166
109,983 1,316,,604
,2al,2.)4
77,207
391 ,047
457,111
50.835
290;,91 9
206,50?
5 816
40,,337
41,315
40,071 1,510,600
,617,7j8
178,248 1,092,,961
973,610
,863,501 14,050 ,927
,839,11,6
461,724 3,967,,340
020,992
,S75,091
62,200 1.842,,894
556,871 17,069,,310
197, 17
I
!,
:,
;,
I..
28,312
975 ,37.1
6,81i
40,.532
12,212
431 ,518
70,986 2,602;,0.i3
28,859 1,242,,809
15,831
663,,897
9,032
367,,971
8,684
362,,784
139,392 5,240,,114
8,186
317,,622
7,730
59,,774
48,871
344,,206
47,202 1,447,,842
28,164
510,,808
34,382
275,,824
298,234 6,305,,003
22,998
163,,307
28,913 1,135,,522
49,001
439,,617
11,466
233,,810
70,318 1,551,,086
3,965
52,,923
42,678
315,,766
102,000 5,511,,413
109,059
489,,719
195,208 1,428,,060
7,674
3'>8,,657
22.887
787,,863
37,977 1,304,,464
111,461 4,145,,956
5,809
208,,470
18,370
631,,080
535,398 3,734,,448
46.280 1,603, 494
9,305
769,,472
22,686'
101,621
3,499
45,488
4,268
August...
Loul8.N.A&Ch. 3d wk Sept
Lomav.N.O. AT. 3d wk Sept
Louisv, Soutb'n. August
Memphis & Cha.s 2d wk Sept
tMe.vican Cent,.. 3d wk Sept
.\uguat
tMfiX. National
I.Mexican R'wav rt-kAug.24
3dwk Sept
.Mil.L.Sli. AWost
.
Milwanket^ A No
Muieral Kauge..
Mluneap. ASt.L.
M.St.P. AS.S.M.
Mo. Kan. A Te-V
Mobile A Ohio..
Montana Union.
Na.sh.Ch. ASt.L.
New Brunswick.
N. Jersey A N.Y.
Now Orl. A Gulf
N. Y. C. A H. R.
N. Y. L. E. A W.
N, Y. Pa. A Ohio
N. Y, AN. Eng..
N. V, A North'n.
N.Y. Out. AW..
103, 696
854,,872
149, I47j
1,071,,068
144,,530
32.548
170,898
Susq.AW.
;N,Y'.
Norfolk
A
N'theast'n
West.
(.8.
C.)
Nortb'u Central.
Northeru Paeitic
Ohiolnd. & W..
Ohio A Miss
Ohio A Northw..
AMaysv..
Col.
Ohio River
Ohio Southern
.
ofKv.
Omaha ASt.L..
Oregon Imp. Co.
Oliio Val.
Orog. R. A N. Co.
Greg. Short Line
Pennsylvania
..
Peoria Dec. AEv.
Petersburg
Phila. A Erie...
Phila. A Read's.
Pittsb. A West'n
Pitts.Clov.&T.
Pltts.Pain.AF.
Total sy.stem
,922.384
,478,214
Royal A Aug.
Pt.Roy.AW.Car.
Pt.
:,:t5U,403
Pres.AAriz.Cen.
,00;t,593
cR.&Dau.
40,994
370,059
498,540
,034,750
501.064
302,209
334,740
,731,908
291,707
65,907
312,279
:,
,424,181
Rich.
A
Sys'iu
Petersh.
Rio Gr. West.
Rome W. A Ogd.
St.
AG.
Joa.
Isl.
St.L.A.AT.U.B's
St.L. Ark. A Tex.
St.L.A San Fran.
St.Paul ADul'th
St.P.Mln.A Man.
East, of Min:i.
MoutanaCent.
8.Aut.AAr,r'ass.
457.648
8.
24;),a55
Sav. Am. A Mou.
Scioto Valley...
ScattlcL. 8. AE.
Shenandoah Val
South Carolina
So. Pacific Co.
,969,504
177,531
914.901
377,828
239,000
,817,933
23,309
265,955
,421,391
Fran.AN.Pac.
.
3d wic Sept
.Vugust
.August
Augu.st
21(1,149
6,774
92,091
5,639
19,808
38,900
69,574
7,256
3,619
44.568
5,170
55,055
30,319
12,692
475,72-1
36,949
21,834
373,075
48,653
54,827
31,815
Gal. liar. AS.A. July....
Louia'a West.. July....
Morgan's LAX. .Tuly..
N. Y. T. A Mex.iJiUy
A N. Orl. 'July
Atlantic sys'm July
Paeillc sv.stem July
Total of all.. 'July
Tex.
73,67-<
121.
HI
RR.—
No. Div. <Cal.) July
So. Div. (Cal.) July
Arizona Div. .'July
New Mex. Div. July
Spar. Uu. A Col. July
Staten I. Rap. T. August
234,203
527,201
128,170
69,537
7,845
127,151
Summit Branch. August
il2,i37
710,616
148,446
795,205
,025,194
144,878
429,9011 13,5,?2, 310 1 :.627,038
,212.933
54,012 2,448.,705
758,877
23,808
700,,724
Lvkena Valley, August
Texas A Pacltlc. 3d wk Sept
Tol. A. A, A N. M.
Tol. Col. A Cin..
Tol, A Ohio Cent.
3dwk
A
2dwk
964,277
304,439
195,207
2,787,040
177,095,
176,200
1.1.53.961
8,^,443
4,411,829
170,729
00,555
62,106
23,748
9,003
2,411,6(14
106.1,SI
2,765,027
2,484,485
833,853
70,010
833,335
867.059
4,419,()5m
137,B24
277,207
37,244
1,49.3,015
103,708
461,232
2,300,005
205.019
1,073,576
4,159.792
1,500,627
2,623.413
1,996,518
750,829
62,124
831,236
001.309
3,990,001
477,645
130,219
98,004
23,133;048 22,740.595
101,9.53
17.513.73liil7,000,140
3,493.708 3,517,501
3,028,0151 3,423,074
375,983
402.07.3
1,325,5991 1,213,218
887,0.;)7
928,979
3,H39,047; 3.455,592
375,452
303,8091
3,847,191 4,002,092
14,540,532 >1,8-'0,291
911,795
2,853,615
137,904
3.S(i,2'o'(i
323,89."
108,433
263,373
2,400,441
935.203
2,707,007
120,003
310,637
353,722
93.300
221,945
£.891,618
3,237,911 3,320,972
1,780,23s 1.397,870
39,239,875 38,071,550
509,255
323,012
2,442,493
799,9o'7l
287,088
109,146
1,569,925
196,2.85
219,137
85.885
7,520.005
194,21'i
483,612
290.533
2,338,642
690.718
258,735
130.172
1.415,788
218,589
203,419
63.034
6,651.333
176,371
1,023,790
908,832
1,882,701)
1,799,005
828,454
705,415
2,206,796
4,054,162
754,214
4,681.655
1,934,1X18
3,888,8.59
832,822
656,823
114,590
355.590
55,310
364,974
1 83.08
707,649
015,518
977.063
5,705.862
-'
580.665
821,513
544,295
768,a92
70,483
127,098
1,182,405 1,095. «31
3.4S7.504 3,900,602
1.064,913 l,i'85,670
600,587
551.439,
59.748;
53.751
6:}.084
5,8511
646.117
661,397
131.021'
206,939
512.143
149,572
1
15,577
9) ,092
127,01s
1.791
77'->.320'
527.7(1
4,2 1,350
0(11,137
i
18, ,14
5,397
3,SU
27.530
28,740
175,440
843,191
8,042,
27,8211
82,5081
616,582'
Sept
2l5.3fiO
•
512,453
131,000
Sept
West..
170.701
613.090
1,900,913 1,.572,91»
444.710
403,01'5l
2,292,7511 2,024.784
3d wk Sept
3d wk Sept
Tol.AO.Cen.Ex. August
Tol. P.
8,459,639
237,421
206.322 2,081,021 2.120,893
280,,574
516,422
578,762
71,125
88,028
366,403 335.526 2,769.988 2,773.038
62,448
79.053
9,793
14,302
773,672
896.550|
109,424
147.409
6,40.5,374 6.240.409
897,670 792,191
42 19,549,542
3,128,458 2,947.409 18,898,-'42ll9,549,54a
4,026,134 3,739,059 25,303,til5'2a, (96,011
So. Pac.
)
l,505,8O(J
1,10.3.283
305,124
197,117
3,125.779
27,323
29,005
1
,7,'<4,729
,700,109
243.5.57
1.777,710,
1,024.448;
ftl.78«
2 1,747
39,694
82,803
29,000
9,167
7.35«,35«
60,1»8
1,043,OH7
325,985 12,478,301 11,395,292
53,477 l,712,7-<9, 1.585,712
40,184 1,759,9951 1,544,122
37,0011
305,173
592,88-1
1,390,01):)
78,783
0,005
1»,896
29,682
205,.57O
70.506
613,883
7,834
135 173
4.566
39,848
323,506
5.777
39, 120
52,877 1,779,042
1 80,770
25,128
13,030
3,87,9,50
451,773 2,3.53.002
33,281
192.297
100,40,
,020.316
,44.-),415
0,21(1
1 5,375
110,102
6s I,
572,509
223.865 192,779
71,547
July
59,462
328.640 272,185
August
75,609
Tuly
79,794
23,806
.luly
23,550
10.444
.illgUSt
12,291
3.400,98 3,273,7
.\UgUSt
August
2,778,708 2,440,766
fuly
578,570 554,525
537,442 516,308
.\utrust
56,933
01,550
August
39,104
3dwk Sept
39,383
140,055
August
145,865
90.921
98,015
3d wk Sept
33,051
35,694
July
588,080 000,205
.Vugust
409,118
5()9,72'i
3d wk Sept
38,002
37.095
4thwkAug
3d wk Sept 107.043 104,513
17,398
.August
21,479
August
1,144
fe30
11,880
17,845
2d wk Sept
51,398
46.185
August
2,512
3d wk Sept
4,292
31.393
July
42,024
July
413,592 421,037
July
570,959 528,091
.luly
317,862 222,094
August
5,993,964 5,390,939
17,232
15,853
3d wk Sei>t
31,621
34,908
-August
440,408
Inly
481,758
August
1,901,599 1,904,410
JuK'
120,399 101,442
42.284
luly
43,098
34,300
July
20,98
43,941
39,023
3d wk Sopt
22,102
August
22,989
24,987
August
20,579
10,854
-Vugu-st
10,«39
187,463
2d wk Sept 250,731
20,4.59
24,812
August
29.325
3d wk Sept
33,750
July
343,483 300,398
33,301
id wk Sept
20,681
21,12(i
21.298
2d wk Sept
00,051
90,046
3d wk Sept
125,832
3d wk .'^ei't 137,109
105,.535
129,707
.Vuirust
615.182 789,995
.August
58.000
August ...
40,004
-August
82,983
2i,094
30,150
2d wk Sept
15.773
l.st wk Sei>
18,116
7,706
14.415
.August
52.789
July...
55,204
3.183
2d wk Sept
6,845
85,897
.August.
100,000
9-',079
91,378
August.
339.518
707.H74
17;.st7
619,74
31,515
August
August
,100,744
020.416
45,13"
253,740
40,780
Keokuk & West. 2dwk Sept
Kingst'n & Pem. 3d wk Sept
Kno.xv. & Ohio. July...
L. Erie All. & So August
Erie A West.. 3d wk Sept
I,ehigh A llud.. August
L. Rock & Mem. 2d wk Sept
i,
,295,291 15,953,.407
6.795
47,,521
27,080
195,,304
57,808 2,039 ,010
605,508 3,822,,845
140,,'>71
IK 1,150,908
r.t.irr,
KanawliaAOhio 3d wk Sept
K.C.F.8. AMem. 1st wk Sep
Kau.C.Cl.&Sp 1st wk Sep
K.C.Mem.&Blr. 1 st wk Sep
K.C. Wy. &N.W .\ugust
Kentucky Cent 3 wks .Vug
Lou. St.L.ATo.'c. August
1888,
132,032
1.53,282
1, 331,
J'ks'nv.T.^tK.W July
La. A Mo. River. Juno
Lonis.Ev.A St.L. 3d wk Sept
Louisv.ANasliv 3d wk Sept
KOADS.
145.207
Augn.st
.Ingu.st
lines
Total all .... .Viigiist
Ind. Dee. & West. .\ugust
Int. &Gt. Nor... July
Iowa Central... 3d wk Sept
Long Island
RAILROAD EARNINGS.
Wfr.kor Mil
..fcSlo'xC.
Iowa
63,5.990
1,060,959
HK.S05
8,015,053
58,903
1.036,773
1,091,830
9,740,489
1,177,834 l,016,a9ti
8,075
8,540
Cedar K.AMIn. August
JJiil).
107,037
220,001
11.592
118,192
280,139
15.000
July
Ili)us..v're.\.<'e!i.
^axlraad IttMIigeuce.
8.231
19,751
1
957.910
674.282
4,201,097
446.711
12,~.,979
824,181
56.054
603,018
THE CHRONICLE.
400
LattMt
Samingt JUporUd
'
Jan. 1
to
Laletl
Date
Roads.
1889.
ireekOT-Jto
1888.
$
I
I
i
$
1888.
1880.
$
'
$
Tol.8t.T~&K.C. 3dwk8cpt,
14,63-2
366,408
25,1.501
711,303i
UBtonPaolflc... August.... 3,014, i:J7'2,(i«9.8ftS li).(>78,507 19.1!)i),030
|3,471,07y;3,'.'(i4,6!H) 2(1,012,432 20,703,801
Total Bystomt.. July
43,744
42,353
TJtah & NcvndB. July
14,582,
12,072
Utali&North'n. July
199,493 185,103 1,112,540 1.113,459
-—
Valleyof Ohio.. .\UKii8t....
61,656!
Vermont Vallpv Autnist
20,568
Vlrffluia Mldl'd. AuKiist....' 192,220
aWal).i.sb
3a wk Sept 287,859,
Wasli.O.iV West] August
35,852
Western of Ala. August
38.265
Weet.N.Y. & Pa. 3d wk Sept
73,900
West. N. Car'l'a. 'August. ...
73,636
West Jersey
'August
245,379
W. V.CVu.Alltts.! August. ...
70,394
Wheeling & L.E. 3d wk Sept
18,991
Wll. Col. & Aug! July
49,451
WJBOon sln Cent.| 3 d wk S ept 101,798
_
t Including lines in which half ownership
is held.
; Mexican cur
rency.
o Wabash R'wuy now included.
b Includess tlic Memphis
division in 1 889.
c Eurnintrs of entire system, iueludiug all road operated. dKichmondiSt Allegheny in'jluded in both years. / Includes Fort
Worth & D. C. for llrst three months in both years.
Net Earninf^s Monthly to Latest Dates.— The tablea followshow the net earnings reported this week, the r jturns
for each road being published here as soon as received, but net
kept standing from week to week. The figures cover the
latest months and the totals from Januarj- 1, and also the
totals for the fisiail year on those companies whose fiscal year
does not correspond with the calendar year.
ing
.
'
'
Weeks.—The latest weekly earnforegoing table are separately summed up as follows
The ratio of gain for the third week of September reaches
12'94 per cent on the 47 roads which have thus far reported:
Latest Hross Earnings by
ings in
Sd
tlie
»«* of
September.
1389.
Atlantic A Paeiflc
BnfTalo Roch.&PitMDurg.
Canadian Pacitlc
Chicajco & Atl iDtic
Chic. « fast. Illluols
Chicago Mil. & St.. Paul...
A West Mich
Cincinnati Jack. & Mack
Cincinnati Rich. & Ft. W
Denver & Kk) Grande...
Detroit Laus. & No
Duluth 8. 8. & Atlantic...
Chlcaeo
EvansvUle
&
Indianap.
&
Evanaville
T.
H
Grand Rapids & lad
Iowa Central
Kanawha A Ohio
A Pi mbroke
A Western
Loulsv. Evuns. & St. L...
LoulBvili. A Nashville...
Kingston
Lake Erie
LoulBTllle N.
A
Chic
O A Texas
Mexican Central
Milwaukee L. Sb.AWest.
Milwaukee A Northern.
N.Y. Out" A West
Norfolk A Western
Northern Paclllc
Ohio A Mississippi
Ohio Valley ot Kentucky.
A Evans
Peoria Dec.
Pitts.
A
West., tot. sysi'm
Rio GraBd Western
Joseph A Gr. Island..
Louis Ark. A Texas.
Louis A San Fran ...
Texas A Paciflo
Toledo A nn A. A No. Mich
Toledo Col. ACln
Toledo A Ohio Central ..
Toledo St. L. A Kan. C...
Bt.
Bt.
Bt.
Wabash
Jcousol. sy.stein).
388,000
50,481
64,000
585,501
26,164
is.t^s:
8.812
186,0(10
27,003
43,33t6,8 1 (
19,:^37
6,774
3,619
55,655
24,834
373.07.'.
48.653
54,827
100,405
82.803
29,000
39,383
98.015
509,720
107.04:
4,292
15.853
39.02;33,76(1
26,681
90,04(
137,10^
127,098
18,814
5.397
27.536
25,150
287,«59
73.900
Increase.
53,903
39,424
257,001
46,071
62.200
556,871
28,312
12.212
8.186
162,000
22,887
37.977
5,869
18,370
45,488
4,268
31.515
6,210
4,566
52,«77
24,747
325,985
53.477
40.184
88,443
62,106
23,74S
39,104
96,92:
409.118
104.S43
2.512
1,705
4,541
43,941
29,325
33.301
66,051
125,832
127,018
14,794
3.844
28,746
14,632
1,145
626
5,361
Prev'ly report 'd (47 roads)
Atch T. A S. F. A L'sed Ts.
St Louis K. C. A Col...
Gulf Col. A Santa Fe..
Calirornia Central
California Southern....
Chicago A West Mich ....
On. n:o. AT. P. (Sr'ds).
Cleveland Akron A Col.
* St. L
I>ctroit Bay C. A Alpena.
Detroit Lansing A No....
MtTenn. Va.AGa
Cleve. Cin.
Cli.
.
FUnt A Pcre Marquette...
Fla. Cei
t.
A
Peninsula...
Grand Tiunk of Canada.
Chicago
A
(irahd Tr.
Detroit Gr, II. A Mil....
.
Kanawha A Ohio
Keokuk A Western
Kingston A Pcui broke
Little
Rock AMcniiibls.
Memphis A Charleston.
1,118
353
564
947
2.778
87
47,090
453,062
1,488
86,522
20,516
13,418
27,365
161,l>'3
15,309
271,471
8,915
28.814
129,02';
45,272
18,099
450,612
78,297
21,774
5,88C
7,250
2,082
12,691.
39.> 9i
Total (85 roads)
p. o.)
.
operated on a % basis...
Norfolk A West em.. Gross.
Net...
S
3,752,112
424,171
1,881
7(<,843
20,145
17,871
27,987
139,392
28,164
298,234
7,674
21.547
111.4C1
46,280
9.305
429,900
54,612
23,808
6.373
7.834
4.112
13,030
C,513,237
3,164,189
1 ,230,820
4,062,692
1,30-',196
Oft. 1 to Aug. 31, (Gross
421, '.^70
704,711
38,071.556
12,440,594
290,538
99.744
384,792
119,046
147,f'33
5,565,013
6,202,186
194,216
5S.117
26>,692
88,255
661,397
21.\030
830,082
236,806
772,320
41,449
527,T61
176,371
60,771
235,445
01,258
646,117
223,145
810,742
239,911
957,910
135,230
674,282
353,105
488,624
149,251
71,909
17,604
421,900
402,458
128,437
98,984
15,732
July 31
1888
A
Petersburg
Gross.
Net...
Oct. 1 to Aug. 31, Gross.
Net...
11 months
Stafn Isl'd Rap. Tr. Gross.
Net...
Oct. 1 to Aug. 31,? Gross
iNet...
Gross.
Summit Branch
24,812
7,788
20,459
def.147
127,151
61,178
131,921
92,437
145,577
24,922
91.692
03,li;2
Net... def.8,818
Gross.
70,483
Net.. df.10,199
5,-ib4 def.40,496 def.22,064
Iron Co. .Net.
57,000
56,600
425,300
453,800
Gross. 3,014.137 2.')69,89S 19.078.507 19,199,030
Union Pacific
Net... 1,433,546 1,105,811 7,755,268 7,i83,783
Gross.
245,379 243,738 1,065,540 1,100,910
West Jersey
A
Tenn. Coal
5,2.52
279
1,094
10<',6J8
2.500
1,780
N.-t...
1,379
4,918
4,425
'6,620
23,P95
11,277
W. Virginia Central. Gross.
Net.
.
Whitebreast Fuel Co.Net ..
July 1 to Aug 31, ) w„f
^«et...
121,822
70,394
23,265
10,989
108,184
64,286
16,383
10,056
2months
July.
SO
1889.
4,0201
1.553
1,210
'io,518
Roads.
Den. Tex. A Ft.W'th Gross.
Net...
Gross.
Net...
Iowa Central
Lehigh A Huds'n Rlv Gross
892
.
14,101
8
504,138
2^,891
6,420,017
517,567 432,928 3.502,991
223,742 172,820 1,233,506
588,086 600,205 3,847,191
199,957 192,328 1,259,616
105,070
86,766
493,669
5,S93,964 5,390,939 39,239.873
2,632,474 2,149,423 12,898,599
31,968
31,621
323.612
8,842
def.397
78,023
Lykens Valley
11,962
20,697
Net...
Loulsv. N.
23,645
A A
Chic. Gross.
Net...
Gross.
Net...
.Gross
.Minn. Bt. P. A S. S.
Net...
N. Y. Sus. A Western. Gross.
Net...
St.L Alt. AT. H.,Br3 Gross.
Net...
Memph A Char lest'n
M
%
64,235
.
^Jan.
236,224
56,604
109,733
36,193
29,383
15,604
214,230
85.399
125,514
40,619
117,611
30,511
140 301
68,030
78,613
30,7o2
1889.
Boad.
.
$
183,305
19,167
104.429
15,589
24,482
14.424
202,431
87,599
113,136
14,316
84,335
18,374
123,2^7
46,583
65,104
22,041
July.
1,503,394
005,536
781,970
747,808
56,040
138,580
]24,7>.2
150,4.57
1,324,867
435,544
936,215
264,785
751.684
la3,980
741,232
S
1889.
32,678
16,731
1,220,443
391,295
891,159
170,231
483,267
16,670
782,324
561,863
497.194
•.i02,389
189,728
^April'l to -July 31.^
$
Louisville Southern. Gross.
Net...
1 to
1888,
$
Decrease.
1889.
119,225
50,822
$
1888.
''39,'i
9,679
371
ANNUAL REPORTS.
4,453
622
Boston
21,79.
CFor
'f2,855
20,763
1,241
7,267
17,561
"8,794
1,008
20,712
23,675
2,034
493
578
1,43»
33S
29,00.^
10,689
3,739
250,731
24.120
36,156
19,751
2.677
187.463
1,062
63,26?
2,822
22,094
27,821
14,(.-62
5,813,094
736,023
012,751
2I.2'J8
Net...
Vet...
Gross.
Net...
Gross.
Net...
Oregon Imp. Co
Pennsylvania
11 months
4,824
Inereate.
$
1,006,524
253,665
327,268
536,368
507,243
149,922
123,296
8,722.034 8,381,613
3,864,423 3,683,202
275,824
249,355
88,''94
76,919
80,311
64,905
26,620
20,593
.
"14.643
6,425,845
Ohio Valley of Kentucky.
Kicli. A Danv. (H rnadf>i
Bt L. Alt. A T. H. Brohs
Ban Antonio A Ar. Pass..
Toledo Peoria A Western
Mat ircreai'e (10 54
$
4,192.0ir.
%
Rich.
For the second week of .September the final statement shows
10-54 per cent gain on 8.5 roads. Some of the roads in the
Middle Western States thow heavy losses because comparison
is
with the period last vear when the Grand Armv reunion
took place at Columbus, Ohio.
1888.
1888.
$
1,047,833
2 months
jNet
Louis. St. L. A Tex. .Gross.
31,815
'..'..'..
'.'.'.'.'.'.'.'.
Not...
14,404
N. Y.Lake E. AW... .Gross. 2,778,708 2,440,766 17,.'>13.730 17,666,146
Net... 3,084,085
899,806 6,088,817 6,176,699
Net less pro. due roads
operated on a
basis.
835,225 681,052 4,522.069 4,643,526
Oci. 1 to Aug. 31, ) Grogs.
24,478,147 24.839,200
11 months... 5 Net...
8,595,590 8.697,066
Net less pro. due roads
9month8
917
967
473,645'
1889.
1889.
Aug. 31,>Gro?8
Ju'.y 1 to
.-Joji. 1 (0 Jh(7. 31.-,
Phila.
24,000
4,116
502,290
.
Gross.
133,178
133,940
Net...
35,088
59,071
Camden A Atlantic. Gross. 154,495 147,368
Net...
87,418
79,368
Coot, of New Jersey. Gross. 1,369,036 1,369,315
Net...
670,261
629,714
Cleveland A Canton Gross.
43.159
34,382
Net...
14,593
11,583
Petersburg
2,148
"9'.265
August.
1889.
1888,
$
$
11 months
(Net
A Reading. ...G-oss. 1,901,699 1,904,416
Net... 1,001,644 1,043,521
Dee. ltoAug.31,}„ .
jJ>iet.
101,000
4,410
1,900
28,629
17,2321
p. e.)
|2d vntk of September.
Potomac
Decree Si.
31,311
7,400
101,798
&
Bait.
Northern Central.... Gross.
256,548
66,500
18,099
87,697
18,991
Roatls.
S
4,134.299' 3,660,654
Western N. Y. A Penn
Wheeling A Lake Erie...
Wlscoiism Central
Total (47 roads)
Wetlnereiise (1294
1888.
I
52,19r|
34,883-
46,606
3 915
40.780
Other lines
LouisvU'c N. Alb.
$
[Vol. XLIX.
8,070
123,272
&
Albany.
the year ending
June
30, 1889.^
years of the Massachusetts railroads now terminate with June 30, persuant to an act of the last Legislature
of that State. But the Boston & Albany makes a reiwrt for
only nine months that is, from Sept. 30, 1888, to June 30,
1889, although the other Massachusetts roads are reporting
for the full twelve months ending with June 30.
We have,
however, the Boston & Albany returns made for each quarter
to the N. Y. State Commissioners, and from these returns a
statement has been compiled showing the result of operations
for the fiscal year 1888-9 as compared with the corres1887-8.
ponding twelve months in
The conclusions
the past
are so remarkably favorable
to
year that
it looks a little as if the company had designedly made its report for only nine months in order to conceal, for some reason,
the large increase in its surplus. Their nine moiith.s" report
shows a sui-plus over all charges and dividends of only $46,588, while the report for one year ending with the same date.
The
fiscal
—
Seitember 28
June
THE CHRONICLK
iCbS.J
shown in our table below, shows a clear surplus over
30, as
against only §58,761 surplus in the previous year. This difference seems remarkable, when thejcross
earnings were not widely different, and wo lind it is mainly
accounted for by a large difference in operating exp(>nsos
in the quarters ending June 30 in the two years respectively.
In the quarter ending June 30, 1888, the operating expenses
were returned as §1,.552, 271, while in the same quarter of 1880
they were only $1,128,998, showing a difference of $423,273 in
a single quarter, which goes far towards making the difference in surplus for the twelvemonth. The largo operating expenses in the quarter ending June 30, 1888 are proliably to be
explained by the fact that large amounts for maintenance of
way, equiitment, &c., were then charged in oper'g ex|)enses.
The company's report for the nine montlis ending June 30,
just printed, says
" The rate per ton per mile has fallen from one cent and
eleven hundredths in 1888 to one cent and three hundredtlis in
1889.
The competition for Western business has brought the
price so low that it is profitless, and the outlook for any sul)stantial increase in the future is not at all encouraging.
" By an act of the Legislature, approved March 23, the company is authorized to issue §10,000,000 of new stock, partly
for the purix)se of retiring bonds and partly to pay the cost of
contemplated improvements of the road, especially in the
matter of the abolition of level crossings. The first bonds to
mature bear interest at 7 per cent and are due Feb. 1, 1892.
The Directors are of opinion that no stock should be issued
imder authority given by the act of March 23 until the five
millions of 7 per cent bonds mature in 1892. If the cost of
the improvements made prior to that time cannot be met from
the current receipts of the road, the money may be borrowed
temporarily from the Trustees of the Improvement Fund and
one issue of stock in 1892 to secure funds to retire the bonds
then maturing, and to pay for such improvements as have
been made up to that time and authorized by the act of 1889,
provided it is deemed wiser at that time to issue new stock
than to provide funds from an issue of bonds."
dividends of
S!i9r),818,
INCOME ACCOUNT FOR YEARS ENDING .lUNB
30.
18f8-8
$9,012,325
5,975,6u7
$8,953,105
6,553,411
$3,036,718
Net earnings
Deditct—
$662,900
78,000
Rentals
Dividends
1.600.000
$2,340,900
$695,818
Total
Balance, surplus
BALANCE SHEET
18b7 88.
,600,000
1
$2,310,900
$58,761
.JUNE 30.
Afsels;
18?9.
(i27,514,116
Com of
roal and equipment
Rivi r Bridges
permttiient investments
OtBiT
Mat* rial-! and supplies
Due from companes and individuals
Trustee's improvement fund
Hudson
& A.
47.'i.485
1,620,556
497. 0B9
367,105
1.492,368
1,044.405
656,659
stock boUKlit from Mass
Gash
Total
&
AueU:
Cost of road
$9.620.93s
1,308 180
1^09ltfl3
578,322
Co.it of e<(Ulpinent
Otherpcrmanont investments
Casli
Bills reolvable
10,71 a.
449' 422'
Due from agents
Due from siilvent debtors
l,ti2'i,Ulf)
Total cash and current assets
Materials and supplies
2,581
Improvement account, etc
$20,63 lieoL'
LiabUiliei:
stock
dolit
,
Current liabilities
ProUt and loss
'.'.'.'
"."
Total
1888.
$27,514,116
475.485
1,178.800
327,317
376,585
1,372,71?
1,044,405
.564,276
$!3,667,783
$32,853,702
$20,000.r00
10,858,000
100,000
260,998
386,398
324.907
1,117,702
76.167
asfet-"
$20,000,000
10,858,000
Liabihtiee:
Stcck. romnion
Furded deit
Loans HDd bills pa> able
Inlerest due and acerued
Dividends unpaid
Due C'. inpanles and indniduals
linpr veinent fund
Smkine fund and miscellaneous
Profit and loss
543,6U
Total liabilities
$33,667,783
the year ending
June
5,7.'iO
385,944
383,681
1,004.855
67,863
147,609
&
1888-9.
1887-8.
$10,166,430
7,588,852
$9,236,912
6,930,403
Net earnings
Other Income
$2,577,578
161,681
$2,306,509
210,726
Total income
Deduct
$2,739,259
$2,517,235.
Grofs earnings
Operating expenses and taies
Interest on bonds
Other Interest
$80,000
91.240
906,034
.Miles of
owned
road operated
Capital stock
$2,471,195
$46,040
84i'.i95
New York & New England,
the year ending June 30, 1889.^
The following report of earnings for the fiscal year ending
June 30 is from the report made to the Mass. Commissioners.
The balance sheet furnished therewith is obscure, and the figures rendered officially to the N. Y. State authorities at the end
of the quarter ending June 30 in each year are used here in
preference. Even these statements are rather ol»cure, and
'the company pursues the method, rather unusual now, of running gross income and operating expenses into its general balance. The figures given here are correct, but a few small
items have been lumped in " miscellaneous."
_
.
INCOME ACCOUNT.
1888-9
$5,497,398
3,898,007
'.
Net earnings
Other income
Total
in the
Boston Journal:
1888-9.
126
1,210
6,484.000
5,480,872
Other debt
1887-8.
124
$1,603,387
$7,000,000
5,673,000
3,756,970
$18,964,872
$13,528,522
301,179
$; 0,429,970
Total income
Operating exptnses
Fixed charger
$13,829,701
$8,800,171
4,011,172
$12,408,584
$7,872,602
3,7^0,627
$12,811,313
$1,018,388
560,000
$11,603,229
$'05,355
700,000
Dividends paid
The E^tem's
$12,111,494
297,090
$105.3.'
$458,358
statements for the two years compare as fol-
lows
Total Income
Total dedrctlons
1888 9.
$874,375
735,410
Net Income
Dividends Paid
.flSs.Oes
$1,536,18»
$1,012,032
384,146
152.638
Rentals,
$992,4 Off
$1,548,810
$54,571
on bonds
Ac
Dlvid nds on pref. stock (7
p. o.)
Total
Balance, surplus
$1,521,213
BALANCE SHEET JUNIE
$14,97&
30.
1888.
1889.
38,405,461
100,tOO
472,129
761,191
444,090
138.060
3'. 6,664
3.315,700
182,187
511,595
$37,751,578
$14,087,030
$13,681,291
$20,000,000
2,581,700
16,750,550
64,029
461,573
348,496
246,181
4.086,130
146,371
$20,000,000
1,950.000
...$44,687,030
$43,681,292
ernmnent investments
Materials ami supplies
I
Interest accrued
Due on account of trHfflc
Due by companies and Individuals
Cash on hand and deposited
Operating extens ^s, rentals and taxes.
Miscellaneous
ProUt and loss
383,55»
145,249
(deficit)
52?, 163
748.646
404,945
135,613
383,880
3,127,884
94,58»
512,002
l,036i2
Total capital
Traffic earnings
Other income.,.
Net Income
$1,503,988
32,201
1887-8.
Deduct—
Other
&
$5,155,045
3 651,055
$1,599,391
3,996
Gross earnings
Operating expenses
Rjad and equipment
$7 000,000
Bonds
Drflclt
1.580,000
$2,627,274
$111,985
Total
Balance, surplus
$80,000
1,550.000
Rentals
Dividends
$32,853,702
Maine.
June 30, 1889.^
Maine statement for the past two
and June 30, 1888, made up in the same
the Boston
years, June 30, 1889,
manner for both periods
Miles of road
80, 1889.^
the report to the Massachusetta Railroad Commission
the following is obtained:
INCOME ACCOUNT.
Inter. St
/^For the year ending
is
Hartford.
From
lAssets:
Boston
Following
$7,000,000
6,484,000
9,480,874
1,887.027
$20,661,00a
New York New Harcn &
fFor
Total assets
Liabililiei:
Stock, common
StocB, pref
Funded debt
Loans and bll's payal) e
Interest due and accrued
Due for wngcs and supplies
Due couipanies and Individual
Gross Income
Mucellaneous
Total
6oJ,fl:i7
1»',627,264
157,297
454,192
445,950
184.3:24
3,794,583
67,682
Fitchbnrg:.
CFor the year ending June 30, 1880.^
the report to the Massachusetts Railroad
the following tor 1888-9 is obtained:
INCOME ACCODXT.
From
Commissioa
1888*9.
1837-S.
Gross ejimirgs
Operating expenses and taxes
$5 743,91.3
$5,267,35a
4,166.8T»
18R7-8.
$ 75,42r
•
4,075,736.
Total
Common
Funded
,'o7,'''
4ii'ioi
165,170
x
Sinking fund
(Tor
Interest paid
B.
In 1888 dividends to the amount of $188,076 were paid upon
preferred stock, and §224,892, or i}4 P^' cent, upon the common, while in '89 only the dividend upon the preferred was paid.
The B.
M. balance sheet as printed in the Boston papers
is given below.
IIObTOif A MAINE BALANCE SHEET JD.NB 30, 1880.
$2,359,661
$662,900
78,000
.
Grogs ef.rnin(r8
Operating exjienees and taxes
401
4,418.6'
$273, «91
413,^65
Net earnings
Other Income
$J0.011
$139,974
Total income
$1,329,314
$1,100,472
._ 44,471
$l,:52.5.2j7
18>'.97a
4,077
Bf
$1.114.94a
THE CHRONICLE.
402
1O88-0,
$762,8ut«
DeductIn!ure«t on bonds
281.280
Koutdls
Dividend on vieferrod stock (2 per cent)
~
Total
sur.
Balance
$1,014,030
$285,234
BALANCE SHEET JUMB
$1,157,523
$12,530
ively completed shall be developed."
1888.
65b,Ul
71S.811
143.815
370,202
Du- by oomu.iules and
98l.5»o
721.110
156.348
662.025
$11,128,603
$7,000,000
13.775,100
18,534,600
$7,000,000
30u OUO
Charleston
1,153,^2 7
7l2,4ti6
....
$34,959,070
117,020
2,<'7?.3i 9
1,182,678
eqiiipmeut
ii
dcf.
$11,083,209
Road and
Stocks and I)iiud9 of other companies
Other Investments
Other p.;riiiaiient investments
Materials a d euppllBS
Due on aci'oimt of traffic
403.000
225.612
$36,88^.013
l. 7,020
Individuals
Cash...
„
Funded debt
Loans and lills pavable
18,284.t00
Misoellau-ous
Prolt and
28b-,214
710,543
268, ls9
16,981
$41,083,209
$11,128,003
loss
relations between these properties, probably in the -v^ay of a
traffic contract.
INCOME ACCOUXT.
Gross earnlaes
Rail-
Ij
$7,552,461
5,485,222
Lessopeia.ini; expenses
$1,967,238
$1,600
Interest received
Dividends received
Rentals
Miscellaneous iuiome
10'. 173
20,600
457.900
592,274
Total income
$2,559,512
nterest, funded debt
Interest, fljating debt,
$621,155
56,839
401,433
553.011
5,9 Jl
&o
Taxes
Rentals
Rental of traclis
Total deductions
1,041,131
Ket income.
Dividend on couurou stock, 7 per cent.
Surplus for year
$918,078
830,858
$87,220
$311,677
'
New construction of year
liALANCE SHEET ,1CNK 30, 1889.
AMtts:
Cost of r.iad
Cost 01 eiiuipmmt
Otlier permanent investments
„
Cash
Bills receivable
Due from agents
Due from suivent
debtors
Olliercasb assets
and current assets
Materials and tupplict
Boston & Providence lease, etc
T..tal casii
Common
,
$18,943,373
2,223,373
1.931,363
528.188
90.685
227,83^
251,506
71.3f5
1,169,612
51.'),985
1,305,368
Total
$26,121,105
LiabilitiCi:
stock
$11,966,P00
Liability on outstanding stock
9.72.5
Funded debt
Current
2,268.' 93
loss
61l!886
Total
$26,124,105
GENERAL INVESTMENT NEWS.
& Santa Fe.— There has been no definite
information of any proposed plan for changes in the financial
affairs of the Atchi.sou Company
but of the various reports
and gue.sses on the subject the comments of the Boston News
Bureau seem to be worthy of the most attention. The Bureau
Atchison Topcka
;
forecasts as follows
"We brlieve tliere is Rood ground for the growing improtslon that
Atchison is lo bo brought out of its lliianclal dlHicultles under a 4 per
cent general murlKiige reort'aiiizatiou sihenie.
The Ciniiuiiice on Rcoiganlzafion— Messrs. Baring, O. W. I'eabody,
LIbby and Abbot— have not fully formulated their pinns. but they are
near enou^-li lo coi sniumation to warrant the expectatlou of a llnaruial
circular before or atiout the last if October. It was no small uiidcrak
Ing for the picsent uiaiuivcnient to take complete control of the entire
Atchisoi, .system, ujihold Its obligatiims and carry the company through
from the period of clo.^liig construction, poor crops and unju-ecedemed
rate war." to a new ba^ls of operations aud better croi> promises.
"The forthciimlng reorganization plan will, it Is believed, be comprehensive, for ihewh'>le system and the system as a whole. Whatever
may l)c ihougLtof the wisdom of coi.traciiug some of the present oliligallons of the Atcl Ion Company, the Atchison piomisca to pay liave
all been properly drawn, and by olllcers with proper authoiity.
"Alter Mr. Baling had secured the serviucs of Mr. Manvel, who
now uudcr.stood to he working about 20 hours out of the 21, and is
a
thorough investigation of tlio piist hivd licen miide, not captiously or to
fasten blame, but liiiight the present and assure the rnuire. the first
stop was to ascertain the net earning power of llie property under
atlverse ciIellnl.'^tanccJ>. This has been set at about itS.OO.OOU, whih
sllows a pel centag.- basis of oi>eratln!f expenses as high as upon loads
In New England. It is believed that this will rise to $12,1.00,000 under
fair coudii ions.
" But ilie problem at present is 10 capitalize this not earning power
lna4percent general moitga>;e bond, tobe a lirst lien in tru.st upon
all the property. and.i'iBlly apportioned to meet the Atchison oldlga
tlons, so far as it can, and, so far as it can not, to liberally 'n''et the defleleiicy by a mortgage upon the future in the form of a 3
per cent
income bund.
—
new name
of this company,
as follows:
on May
10, 1889, tlie result to Ju!|f
31 was
Gross earnings
Operating expenses
$282,638
180,414
11.266.900
liabiiitles
ProUt and
Madison & Northwestern.— At Keokuk, Iowa, Sept.
a decree was entered foreclosing the fii-st mortgage on tne
Fort Madison & Northwestern Railway. The suit was begun
in 1884 by the Union Trust Company of New York. The sale
wiU probably be made some time in October.
Indianapolis Decatur &WestTn.— About fifty bondholders
of the old Indianapolis Decatur & Springfield Railway Company, which has been succeeded by the Indianapolis Decatur
& Western, met this week to agree upon a plan of action with
regard to the default by the company in payment of April interest.
There has also been a failure to provide for tlie balance of tlie coupons of the Indianapolis Decatur & Sprinfield,
due April and October, 1883, deposited with the Central Trust
Company of New York. A committee, consiitingof H. W.
Smith, F. C. HoUins, S. S. Sands, Cliarles Parsons and H. L.
Thornell, was appointed.
The Tribune reports: " Messrs.
Sands and Pierce, tnistees for the first-mortgage bondholders
of the Indianapolis Decatur & Springfield, said that the road
was being hard pressed by creditors, who threatened application for a receiver and wanted some assurance from the bondholders that their claims would be recognized in case of foreclosure.
A plan was proposed which contemplated the
appointment of the Central Trust Company of New York as
agent of the bondholders, for the purpose of buying in the
road for them in case of foreclosure. This agreement is not
to be operative unless signed by holders of at least STSOjOOO
(par value, exclusive of interest) of tiie bonds, but Mr. Thornell
said that a sufficient number had already a.ssented to the jilan
to assure its acceptance, if approved by the committee.
The
meeting then adjourned, to meet again tit the same hour and
place at the expiration of one week. In the meantime the
committee will consider the plan and advise with the trustees
as to how the pressing creditors maj' best be i>acified till tilings
can be put in shape.
Iowa Central. From the time operations began under tha
I'ort
21,
June 30, 1889.^
from the report to the Massachusstts
road Commissioners:
.');per
Dillon and
("For the year ending
follo-svin;» is
fifty-year
Denver Texas & Fort Wortli— Union Pnclflc—Messrs.
Dodge are in the West negotiating to effect closer
4:i9,5«8
Old Colonjr.
The
& Chicufo.— Tlie
&
13,775.11)0
242.712
234,013
511,219
199,236
Interest due ,a;id ho irued
Due ror wiigi'8 and supplies
Duo ooiup.iMles and Individuals
Cincinnati
cent bond.s of this company to the amount of .*O.OOU,000 have
been sold to a Philadelphia and New York syndicate, headed
by Wharton Barker of the former city. The proceeds of this
sale provide for the construction of 200 miles of the road
between Rutlierfordton, N. C, and Minneapolis, W. Va. At
the latter point connection will be made with the Clinch
Valley division of the Norfolk
Western. As noted some
weeks since the contracts have been let for the construction
of these 200 miles, and several thousand men are now at work.
This is the heaviest portion of the wliole line; it is expected to
be finLshed witliin a year.
LiabilUia:
Stock, cnmmin
Block, i.r.ferrea
XLIX.
" It Is believed that the stockholders will subscribe niadilv
such a
bond with a fair income bond bonus, and Ihiis pay ihc Atchison fl .ttlng
debt and give it again lluaneial strength and credit. Nothing, it Is understood. Is now chuigeil lo tlie coastructiou aeeount, and thj in 'uau'emeiit will aim to ninke need d improveiin-iits from earnings. It is believed ihjt sueli a tirst niorcgage bond will be a stronir aiid impioving
aecurity. aud tliat the income boud will oit'er bondhnklers and stoekhoidO' 8 fair prospo ts for tlio future, as the Atchi.fou system now construct-
1887-f.
$nl4.408
281.280
261.835
30.
1889.
Amsit:
[Vol.
Net earnings
Fixed charges aud rentals
Net income
Lonisville
.'
$102,191
89,829
$12,365
Nasliyllle.— The great iinprovement in the
finances of this company within a verv few years is well
pointed by the proposal of President Norton to sell §13,000,000
of new stock and pay off nearly $10,000,000 of 6 per cent colAfter referring to the policy that is worklateral trust bonds.
ing so well, of paying scrip dividends till June, 1890, and applying the net earnings to betterments. President Norton says:
'•To put the property upon a permanent cash dividend-paying
basis, and in a manner that will be just and fair to tlie stockholders, I respectfully sugge.st tliut the projier steps be taken
te increase the capital stock by §13,000,000, the same to be issued and used only for the purpose of retiring and canceling:
"1st. $10,000,000 six per cent collateral trust mortgage bonds.
The amount of the bonds now outstanding being §9,462,000,
§538,000 having been redeemed and canceled through the operation of the sinking fund. Tliese lionds can all be retu'ed by
the terms of the deed of trust at 110 by giving 90 days" notice.
"2d. By the retirement of such other interest-bearing obligations as may be deemed of greatest advantage.
" I further recommend that the stock be disposed of by the
Board of Directors in such manner and at sucli terms as they
may deem best for the interest of the company, the same being
first offered pro rata to the stockholders of the company, and
the use of the proceeds being etrictly applied as above provided.
'•Should these recommendations be .idopted and the negotiations reach a successful conclusion, thei^e will be a reduction of the fixed charge.-, a-s follows:
"Interest on the §10.000.000 collateral trust bonds tit 6 per
In addition to this, the annual sinkirg funds
cent, §600.000.
of 1 per cent on the §10,000.000 collat'ral trust bonds would
be canceled, amounting to §100.000. and the remainder of the
proceeds will in like manner retire further obligations. By
the taking up of the trust bonds the annual interest charge is
reduced by §600,000, and the sinking fund charge by §100,000,
&
September
THE CHRONICLR
38. 1889.]
annual cliarges. which may bo
cash dividends, in addition to such furtlier
as will bo gained by the taking up of any other in-
iu all STOO,000 of reduction of
meet the
appUeil toward
tion
amount
terest-bearing obli.L;ations. The redui^tion by so largo an
fixed charges will be benelicial to the credit of the
amount of
company.
"
By canceling
the trust mortgage, for
the security of
which the §38,162,700 of
collateral securities are deposited in
the United States Trust Company, the securities remain only
subject to a second mortgage of §5,000,000, being the 6 per
cent ten-forty adjustment mortgage, which can be paid on
October 1, 1894, and when this also is paid the $38,162,700 of
securities will revert to the treasury of the company.
—
Michigan Central. This company is reported to have made
provision to take up the Kalamazoo
South Haven 8 per cent
bonds, maturing Nov. 1 next, amounting to $840,000, by the issue of a new mortgage on that division at the rate of 5 per
cent, with the guarantee of the Michigan Central.
New York
Central
&
& Hudson
River.
the quarter and year ending Sept. 30,
ber, 1889, being estimated:
^{^uwu-r end. Sep'. 30.-v
1889.
1888.
Gross fai-ninss.. $9,7i):!.ooo
Opor. expenses..
Expen.
«i,';50,000
toe.arus.. (0^•;3p.|•.)
$9.tfiO,n(!l
e,ii48,.tj8
c^Hpc.)
is
—Tlie
statement for
as follows, Septem-
— Tfar ending
1880.
,
5!35,(>.5t,<lOO
23,'.I87,000
(B7-27 p. c
)
—
1888.
Sent.
3?
$:j«,iy2,020
24.<i2(i,338
(«8;5pc.)
is
to
403
The dividend on Oregon Railway
rental.
remain at 6
i)er
& Naviir».
cent.
Pennsylvania Railroad.— The gross and net earnings for
August, and the eight months ended Aug.81, 1889 and lHS8,were
aa below stated. On the lines west of Pittsburg and Erie the
net results, after payment of interest and
in the second table:
LINES EAST OF PnTSBURO
arou Earnings.
1880.
1888.
Jan. 1 tojnne30.$28,004,237 $27,"58,205
July.
.">,2n,B74
4,S2i.412
August
5,993,961
5,390,039
all
AND
.
charges,
i.s
shown
BRIE.
yet Eamingi.1889.
1888.
$9,410,471
1, '55,(154
2,03^,474
$8,692,763
1.598,408
2.140,423
Total8mo8....»39,230,875 $38,071,556 $12,309,599 $12,110,594
LINES WEST OF flTTSBDKO AND EBIE.
}Jet surplus or deficit after payment nf charges.
"'°"
1880.
1888.
IHff.in\S%9.
.Tan. 1 to June 30.Def. $43-.604
Def. $291,0 -10
I»Rs. $144,608
'
Hnr. 270,809
July
Bur.
95,500
(laic. 184,263
Siir.
August
272,025
Def.
10,105
UulD. 282.22S
Total 8 months.Sur, $114,140
Def. $207,635
Qaln.$321.825
Railroad Mortgaares.— An index to all abstracts of railroad
mortgages which have appeared in the Chronicle will be
found on the first page of the Investors' Supplement issued
to-day.
Railroads and Shippers.— At a public dinner given in
Dubucjue for Mr. E. T. JefTery, late General Manager of the
Illinois Central, he was requested to respond to the toast,
ProHt
$1,080,000
$J74 7J8
$3,675,118
f3,813,000
" The mutual intercuts of Railroads and Shippers." In the
DivkUnils (1 p. e.
course of his remarks Mr. Jeffery said
quarterly)
894. CSS
894.283
3.577.132
3,577,132
" The mutual interests of railroads and shippers." How
Balance
sur.*194,717 8Ur.$50,455 sur. $235,868 Bur. $.^7,986 can they best be conserved ?
Experience has demonstrated that in nearly all classes of
New York .Stock Exchange. New Securities Listed.— The
business frequent conferences between the individuals are
Governing Committee liave listed the following:
Atlantic & Pacific Railroad—$•'5,600,000 Western Divi- necessary to formulate measures of general benefit. It is
scarcely necessary for me to cite illustrations in addressing
sion second mortgage 6 per cent guaranteed gold bonds.
Chicago Milwaukee & St. Paul Railway— §.5,000,000 gen- gentlemen of your intelligence and experience. The .existence
eral mortgage four per cent coupon gold bonds, series "A," of the Iowa State Jobbers' Association and the influence
wielded by it and its eloquent president are evidences of the
and registered bonds into they may be converted.
truth of what I affirm. That which experience dictates and
CouMEKCiAL Cable Compact- §0,716,000 capital stock.
Milwaukee Lake Shore & Western Railway—§180,000 prudence calls for in trade and commerce is equally necessary
additional consolidated first mortgage six per cent gold bonds, in traffic and transportation. TIence, in former years, frequently conferences were held between carriers having intermaking total amount listed §4.8.')4,000.
Net e.iniings
$3,0."i3,000
l,yG4 000
First charges
.^2,941,622
l,'i6G,-83
$11,047,000
7,831,010
$ll..'>0i,.')^2
7,831,4H3
:
—
Montana Central Railwaymortgage
6 per cent gold
Norfolk
§1,500.000
additional
first
coupon Ixmds, making total §6,000,000.
& Western Railroad—§534,000
additional
first
mortgage five per cent gold bonds of the Clinch Valley division, making the total amount listed §1,874,000.
The Southern Cotton Oil Company— §4,000,000 capital
stock.
&
Tennessee Coal Iron
Railroad—^146,000 additional
consolidated first mortgage six per cent gold bonds, " Tennessee division," making total amount listed §1,400,000.
AV ABASH Railroad §4,074.000 first mortgage five per cent
gold bonds, and that a corresponding amount of the old securities be stricken from the list.
—
—
Northern Pacilic. Mr. Robert Harris, Chairman of the
Board, has issued a circular to stockholders of this company
asking for their proxies at the coming election, and defining
his
own
position
on the subject of dividends. The|circular says:
Firs^. tlint the preferred stockliold is are entitled to the payment now
of wliiitover may bedue tliem, and tliiit it Is incoiisisteut witli their
rights fur ilie direciors to retain for a dividend reserve the amount now
dne. and that tliey will be entitled to lutiiie divideirds as fast its earned.
Si cond. that the plan to llrst offer to the stocKhollers the pri\'ilc>ce of
bnyiiia tlie honla «t the company i.s most lust and proper, and that It
should not oidy apply to Ih" liouds now to be issiied, .t!12,«25,8(j0, as
Btat-d. but toalMhe re^t of the bond* wh«-u from time to time they
shall be sold, except ihe bonds that win be reserved for exohango foi
oiitstandiiiii bonds and which will b
issued only when, in the oidnlon
of the frustei'S, expressed iu writlUK. a savirist of Interest to the com)
pany can beclfected by such exehances of bonds.
You are reiiuesled to execute the w.Ihiu jiroxies which will bo issue 1
to secure the provision that ad lionils, xcept those reserved for exchanges, shall la- lirst offered to stockholders, and to elect memb rs of
t
the
resent B.iard,
Fre leriek
Wright, Robert Harris-,
Tbomas F. Cakes .Icdm U. Hrookniiin. Ur»vton Ives, Henry Vdlard,
William L. hull, Charles L. Co l)y. Culgite lloyt, Biswell G Kofstoii,
Charles T. Barney, John C. Bullitt, or tuch gout.emenas they sh.dl agree
upon.
).
viz.,
Billinirs. C. B.
Ohio Indi.ina & Western.- It is understood that Drexel,
Morgan & Co. have in preparation a plan of reorganization
b.ised upon the guaranty of a contract for the operation of t!)e
road by the C. C. C. & St. Louis Company, and that witliin a
few days the plan will be announced publicly.
Obio'& Mississippi.— The annual meeting of the stockholders of this railroad will be held Oct. 10, and it is expected that
a proiMJsition will be submitted to the stockholders looking to
the carrying out of the plan adopted last Jime for settlement
with the preferred stockholders.
Oregon Railway * Navisalion.-A special meeting of the
stockholders of the Oregon Raihvav & Navigation Co. will be
held at Portland, Ore. on Oct. 17. The circular letter Lssued bv
Edmund Smith, President of the company, states that the
,
purpo.se of the meeting is to act on a proposed modification of
the lease to the Oregon Short Line Railway, which is guaranteed by the Union Pacific. In other quarters it is said that it
is propo.sed to change the lease so as to permit exjiendituros
for betterments, additional equipments, etc., to be charged to
construction and be covered by issue of Oregon Railway &
Navig.ition bonds, instead of to operating expenses, thu.-relieving the Oregon Short Line of deficiencies in rentals in
years when the net earnings under the old method do not
ests in
common and
,
in these later years, in the light of
a
broader experience, and directed by riper judgment, associations of carriers were formed for the purpose of establishing
and maintaining just and equitable bases of i^tes in large
areas of territory. The tendency, or, to speak more strongly,
the result of these conferences and associations has iieen
greater stability to transportation rates. It would be arrogant
for tbem to assume, and truthful for me to assert in their behalf, that all acts and conclusions performed by or reached
through conferences and associations are wise, equitable; but
I do affirm, and in a modest way am prepared to uphold the
belief, that these conferences and associations have resulted in
great general benefit to the railroads and to the shippers.
Let me offer another suggestion, that is, that arbitration
ought to be had before pi-operly organized and duly authorized tribunals, of the differences that cannot be settled in conferences of the character outlined. Why incite caniere to
rate wars for the purpo.se of advancing local commercial and
industrial interests ? Why encourage the use of its powers
by a gi'eat transportation line to force into supremacy one
community or trade center at the expense and to the injury
of or hers V Why encourage transportation companies in hostility and reckless competition ?
Individual differences contentions between citizens are arbitrated in the courts of the
land. Why, therefore, cannot differences arising bet\veen industrial and commercial interests and the rail carriers, and
between the rail carriers themselves, be determined in a similar manner ?
You have in its infancy a future great transportation tribunal in the Inter-State Commerce commission.
It stands before the American public with scarcely a precedent to govern it, and it has undertaken the gigantic task of
moulding and formulating by its opinions and decisions a code
of transportation law. This cannot be accomplished in a dayl
It is the work of a generation.
Its labors must be deliberately performed.
thought must be broad
Its lines of
and rulings must
and comprehensive.
Its
opinions
be
equitable
We must expect from it
and just.
at times the failures and shortcomings common to all human
tribunals, but reflection has convinced me that it will be
sound statesmanship to strengthen this tribunal, broaden its
scope, extend it over all traffic. State and inter-State, and
where experience demonstrates the necessity for it. add to the
tribunal such auxiliaries as will enable a full and complete
—
exercise of
its
powers and
—
duties.
Southern Cotton Oil Co,— The capital stock has been list«d
In a subsethis week on the New York Stock Exchange.
quent column of to-day's issue is published jit length a statement of the affairs of the comp.auy as furnished by the oflicera
in the application made to the Exchange to list the stock.
Wabash.-The first mortgage bonds were listed this week
on the New York Stock Exchange and are being exchanged
by the Central Trust Co, for the certificates. The seconds will
A
lie ready about October 15, and the stock sometime later.
statement of this re-organized property, accompanied with a
issued
map, will be found in the Investors' Supplement
txiav.
404
CHROMCLE.
'J'HE
[Vol. XLIX.
Mtpovts and iPocixments.
THE SOUTHERN C OTTO N
APl'LICATION TO TILE
OIL COMPANY.
NEW YORK STOCK KXCUANHK.
COMMERCIAL
E pTtOME^!
Friday Nioht. Sept. 87, 1889.
Philadelphia, September 5, 1889.
The weather has been seasonable and trade makes
hereby request you to list $4,000,000 of the Common
good progress.
The movement of the cotton crop shows increasing
Stock of the Southern Cotton Oil Co.
volume, but such is the demand from all quarters
Statement ok the Southbrn Cotton On. C'ompanv.
that there are
yet no important accumulations of stock
Incorporated under the laws of the State of New Jersey.
anywhere. The
^
We
^
The property
Hon
of this
company
is
located as follows:
300 tons seed perday
''"''«'" h.capaclty of
^f'^'S?'-'^"' ""«,;''"•
Little Ko'ck, Ark.,
Meiiiphlf, Tenn.,
Montt'omery, Ala.,
Atlanta, Us..
SaTannali, Go.,
Ciolambia, 8. C,
At
all
product;
*
•
—— —
and
the
raills
—'
t'liere
.^
port
at the first six
«w»e»^fr
storage
300
2C0
200
200
200
100
11UUSC9 lui
houses for
and
j3c;u
se
named and
reHnenes for converting crude
oil into
refined.
at Philadelphia, Pa
the various brands of
The company also owns a tug boat and six barges for the
faansporta^on of seed on the Mississippi River, and are now
bmldmg hfty tank cars for shipping oil.
The Hnancial condition of the company at the close of
the
last fiscal year, April 30, 1889,
was
as follows:
Asaett.
PermaEent Investment
'^'^^''^''O ^^
200,000 00
Prepaid taxes and unexpired Insurance
'Cash In bank and on band.
Less required for dividend."
$3,363,890 15
7,128 64
441.218 88
leO.OCO 00
and accounts receivable
Hercliandise and supplies on hand.'
Pork has been more active and prices are
831,999 44
$4,203,018 23
Liabilitier,
-,
.. .^..
$38,491 76
i^ nnn nnn nn
164;8^6 47
4,164,520 47
$4,203,018 23
Profit
1868-May
and Lo»'.
31.-Cr. By balance from
last account
1 aoQ
A
o«
a889-Apl. 30.- '• " net profit June
1,1888, to April
Dr.
To
ble
Jute
18(-9...
$200,0C0 00
were
of short clear: the close, however, is quiet; mess, $13 353$12 50 for uninspected
and §12 50
@§13 75 for inspected; extra prime, $10 35@S10 50 and clear
backs 811 75 a S13 75 per bbl.
Cut meats are without decided
change—have at times been more active, especially for pickled
shouldei-s and bellies, but the close is quiet.
Quoted: Pickled
6>^@7i^c., according to weight; pickled
hams, lOJ^ig
lOJ^c, and pickled shoulders, 4Ji@433'c.; smoked hams,
11}^
@12c.; smoked shoulders, 5(g5J^c. Beef has been dull
but
nominal; quotations show some changes, as follows:
Extra
mess, §6 50@$7 and packet §8 a§8 25 per bbl.; India
mess, $13
<S$14 per tierce. Beef hams are duU at $13
75@$14 35 per bbl
bellies,
at 18(a26c. for creamery.
Cheese advanced on a brisk export
demand, and closed firm at 9@10i4'c.
Coffee on the spot has been dull. The current
quotarions for
fair cargo Rio declmed on Wednesday to
1914'c., Ijut is to-day
\esterday sales of Timor were made at
I'^Jic.
?,T"^f"y
31i4«31i^c. The speciUation in Rio
options has been quiet
Crop accounts have been rather better. To-day business
$681,526 47
was
^^ very dull and prices were drooping, clqsing quiet, with sellers
leo.coooo
15.
160,000 CO
balance to next
account
164,526 47
$684,526 47
Audited and found correct,
JOHN Hejns, Public Accoimtant,
508 Walnut St., Phil., June 4,'
better; there
Wednesday
Tallow decUned to 4i^c., at which the market closes
steady
and more active. Stearine is quoted at 7ig7i.^c. for
Western
585,'73 05 and city,
and eleomargarine 5i^(a6c. Butter is again firmer
30. 1889... ;...
exhaustion of
pattnts
dividend
paid
Fchruaryl,li.9B
dividend laya-
6SC
fill
e-32
6-43
$98,553 42
,
,
^^AV
Oct. delivery... ^^'?.'?l'''-T3''2''''n8'''-'^"*C.4*6'^^"^'^f^'
Nov. delivery.. .c. 618
620
6-26
6-35
6 37
Dec. delivery. ..c. 6 16
6 18
6-.0
630
632
Jan. delivery.. ..C.61H
6-18
6-25
6-30
6-32
Mch. delivery.... c. 6-25
6-30
6-34
6-38
6-37
large purchases on
281,218 88
159,647 95
S91,132 61
Bills
Bills and accounts payable.. .......
— — „_..
vuu La yay auiv,.
'
Capital stock
'
Balance remaining in protli aid Iom.'::;
for
DAILY CLOSING PRICES OF LARD FUTURES.
Real estate
buildings, machinery, patents, flxtures
''^Jr.^ha'^led'c^ff'fir pafiiirexia.;;"on of patents
ex-
wheat and flour again shows some degree
of
urgency, but at low prices; still there is some
advance. There
can be no longer any doubt that the fruit crops
of the country
are a partial failure, and that choice qualities
will be scarce.
Lard on the spot has made steady progress toward
higher
prices, and to-day was fairly active at
the best figures for the
week—namely eL^c. for prime city and 6-57i^(a6-60c for
prime Western, wtth refined for the Continent
quoted at
6'453 6-95c. The speculation in lard for future
dflivery was
active at advancing prices until to-day.
There were on
Wednesday and Thursday large purchases to cover contracts.
To-day the winter months were offered more freely,
the sales
aggregating 5,000 tcs. at 6-31@6-34c. for Dec.
6-3la6-33c. for
6 -400. for Feb. and 6
Jan.,
•43c. for March.
100
are
"-.-
demand
^
Alan ikHl^s"
as follows:
October
15-5rc.
E. and O
Philadel MavO^iaao
1889.
November
December
..
15-45c.
...15-50C.
I
January.
February
i
15 50o
.
15°0c
I
Anril
i
M^v
din"'
s.-in^
March..^.:;:::::}5 50?! iJ^mo:;-..-::.":::;!*!??;
Com^nrfo^/th™r —a decline for the week of 25S30 points.
Raw sugars have been depressed. The dulness of refined
LaimbeerrWilliam T Car;i?V?~??''7-^\?,"*'=^"'
ter, John Smclair, Wm. S. Harvey,
George PhiUei Amos R grades, which gave way 1^0. yesterday, was the chief cause of
the decline in raws. To-day a sale of centrifugal,
96 deg
was reported at 6%c. Fair refining Muscovado is duD test
and
nominal at 5«8C. Molasses dull and nominal. The tea
sale on
vfefp^'^^"!°'7.,C- Butcher, President; Amos R. Little Wednesday
Vice-President; Alan H. Harris, Secretaiy
went off at steady prices, and Formosas were firm
and Treasurer'
treasurer,
Gwrge D. Coaney, Assistant Treasui-er.
Keiitucicy tobacco has been dull and prices are
barely mainKegwtrar-New York Produce Exchange Bank.
tained. Seed leaf is also less active, the crop
accounts"^having
Transfer
iransrer
Otflce—MetropoUtan Trust Co.
somewhat 'mproved. Sales for the week are only 2,550 ca3es%
as follows: 600 cases 1888 crop New England
Havana, 15®
Henry C. Butcher, President.
30 cents; 300 cases 1888 crop New England seed leaf 19 01
a
*^« above-described cents: 4o0 cfises 1888 crop State Ha-ana,
J4 000oS'p^;lif«f^T?TT**t^ i*^*^
#4,uw,uoo Capital Stock be admitted
13® 14 cents; 300 cWs
to the list.
1888 crop Pennsylvania Havana, 11@14 cents; 300
cases 1888
Adopted Sept. 26th, 1889.
crop Wisconsin Havana. 10*13 cents; 100 cases 1887
crop Wisconsin Havana, private terms; 300 cases 1888 crop Dutch. 9i^(ai
followmg bonds have been caUed for 12 cents, and 200 cases sundries, 5 a 30 cents; also 800 bSes
pa^^ent:"""""-"^"
^y^!^."' •'i-i'^:®^^ l'^- and 350 bales Sumatra, $1 40@|3 25.
On the Meta Exchange" Straits tin has decUned to
Kansas Cmr Fort Scott & Memphis
20J«c. on
Bonds of Si oon the
the &;outhern Cotton Oil
IS^'^S"^
RH.
.
—
spot, but closes steadier
^'""' P«y'''^'« Sept. 26, at 105 flat
^oW^^H
o«oI^ r^''*^^""*''«'ast<''"n & Memphis.— Xos 34
«"'' ?.'
278 310, 322. 3.%, 633, 805. 830,
1.5»
l.(S)2,
i,018
still
ore
iq<<
i,5^5, 1 494
'
'•
&«nrD^>*r^"f'';j-'^^--N'«- 187,209 270.
Rich Hill RR. Co.— X08. 38, 47, 355.
CouNTV RR.-Three bonds of 1,000 each,
Nos 49
<Ji''l^''
-«3, 2-M), payable Sept. 26
'
at 110
All the above are payable at 26
Sears' Building, Boston.
Northern Paeiflc & Montana.— The cnntTaot t^- fi,„
P-i««
S,X^o1h!,*'5oe'i.r.'•T,°
'
flat.
*
fnSna'sSUl:! fX
with a sale to-day at 21 Vc but
quoted at 20i^c for December. Ingot copper has
ftmher
declined and closes dull at lO^.^c. for Lake and
87ac. for G
B. Domestic lead sold freely yesterday at 3-97i;,c.
for November, and closes dull to-day at 3-92i^c. for
October. The interior markets are strong, but business most
active in steel and
M
steel materials.
Spirits turpentine is easier
and closes at 47 U' a 46c. with a
at the reduction. Rosins w^ere quite active
o,
-'."a?',*"'^^'*^
at SI -a ."SI Oo for common to goo<I strained, but closed
quiet
Tar
IS scarce and firm at $3.
Refineti petroleum for exj^rt is
lower at .• 10c., and crude certificates close at 98'^ a 98-!
I'C.
Hops are more plenty and favor buyers, Wool is dull, but
prices remain about steadv.
f
September
THE CHRONICLE
28. 18f-9.]
COTTON.
Friday. P. M., September 27, 1889,
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
total receipts have reached 101,883 bales,
this evening the
against 130,IJ48 bales last week and 92,994 bales the previous
week; making the total receipts since the 1st of Sept., 1889,
172.799 bales, against 302,931 bales for the same period of
1888, showing an increase since Sept. 1, 1889, of 189,868 bales.
Hon.
Sal.
Receipts nt-
7,819
Galveiitoii
Wed.
Taei.
TAurt.
Fri.
Totat.
|
5,509
8,742
4,U91
6,195
6,769, 40,025
80
El Paso, &c.
New Orleans...
.
80
6,013
1,349
4,912
1,162
8,991
1,571
6,744
2,214
48,711
12,214
6,071
Mobile
9,318 12,733
3,004 2,914
6,480
7,954
5,605
8.071
43,300
1,429
23,416
Florida
In addition to above exports, our telegrams to-night also give
us the following amouut-j of cotton on shipboard, not cleared,
We add similar flf^res for New York,
at the ports named.
whicti are prepared for our special use by Messrs. Carey, Yale &
Lambert, 24 Beaver Street,
On
Sep/. 27, ttl—
Oreat
New
Orleans...
Mobile
Charleston
Savannah
,
.
. .
.
.
.
.
16,381
None.
6.000
None.
Ualveston
Norfolk
Brnnsw'k,
Charleston
4,025
6,365
2,525
3,812
8,621
7,119
1,429
4.078
962
1,067
846
583
463
1,085
1,163
1,028
1,736
2,498
1,571
1,520
1.523
1,209
1,232
2,395
ifco.
Port Royal, Ac
Wilmington
Wash'gton,&c
Norfolk
West Point...
415
443
46
46
16
16
35
55
Phi1a(lelph'a,&c
90
week 28,476 38.117' 30,550 24,163 30,599i 33,928 101,833
tliis
For comparison we give the following table showing the week's
total receipts, the total since September 1, 1889,
to-night, compared with last year.
5.113
None.
None.
4,300
4,759
None.
None.
9,000
6,400
3,244
None.
7„500
2,000
5.8.59
1,800
5.400
6.000
New York
Other ports
41,440
Total 1888...
Total 1887...
29,575
64.891
1.500
None.
!
25,207
and the stock
.<,pl.
1888.
1889.
Since Sep.
27.
Galveston
.
..
Bruns., &c.
Charleston
P. Royal, &c
.
117,817
28,993
83,389
42,936
278
48,711
12,214
100,582
26,353
30,042
5,893
58,693
15,102
69,899
4,307
43.300
1,429
23,416
124,777
Norfolk
9,359
7,375
187
West Point.
NwptN.,&c
New York
Boston
Phll'del'a,
99
35,878
1,887
13,496
4,297
50,453
15
11,478
5,586
.
Baltimore.
1889.
80
1,
Wilmington
Wa8h'tn,&c
.
Since Sep.
1, 1888.
Week.
40,025
.
El Paso.&c.
New Orleans.
Mobile
Florida
Savannah.
Tliit
1889.
Week.
2,789
14
14,950
20,864
581
7,322
1,527
..
Ac
Totals
46
51
18
271
16
90
44,405
33,864
18,100
6,547
3,878
4,078
4,885
33,787
3,500
3,850
3,288
90,068
3,000
1,854
666
191
82
302,931
251,477
1889.
Galv'ston,&c
New Orleans
Mobile
1888.
40,105
48,711
12.214
43,300
33,416
WUm'gt'n.&c
5,.586
Norfolk
W*t Point, Ac
9,358
7,562
All others
1,581
28,993
30.042
5,893
35.878
13,496
2,789
7,322
1,648
2,338
191,833
128,399
Savannah.
..
Charl'st'n.&c
Totthlswcek
Since Sept. 1
472,799
1886.
1887.
1885.
253,782
we
1884.
36,784
60,319
6,908
54,958
28,436
12,350
19,609
16,382
2,999
33.819
34,032
3,059
37,495
21,808
9,079
9,696
1,606
2,841
27,482
29,185
4,014
42,501
35,114
5,696
14,087
9,764
1,640
23,101
30,156
6,466
41.284
31,912
6,778
18,126
6,754
3,844
238,745
302,931
156,465
159,663
168,721
654,776
389,325
435,128
425,846
The exports for the week ending this evening reach a total
of 101,,'594 ))ale3, of wliich 62,376 were to Great Britain, 5,527
to France and 33,691 to the rest of the Continent.
Below are
the exports for the week, and since September 1, 1889.
EniUng S'.pt 37.
Arportcd to—
rrom
iVtek
exports
Oreat
/mm—
Drit'n.
Oalveston. ...
New Orleans.
Mobile
Sept. 1. 1889. to Sept. 27, 1889
Bxported to—
OonU- Total
13,B'!S
nent.
Great
Week. BritMn. JVonc«
10,769
France
24.592
19,723
19,620
30.979
28,817
11,820
4,806
11,876
16,8.0
4.400
7,817
16,600
1,700
i
!
15,864
15,181
19.6 89
678
19,387
9,185
115,758
135,719
69,793
I
183.989
228,408
149 .231
I
is
UPLANDS.
34,921
47B
43.131
16,600
—
Mod TnesiWed Tb.
Nat.
Fri.
-y.t?lb.l
6',,
8''8
8H
8'»„
8%
8i3i«!
9i»i6'
Ordinary
Strict Ordinary
Good Ordinary
S-trict Good Ordinary.
Low Middling
9%
I
Strict I>ow Middling..
105,e 10^4
I0l3l« 10%
111,^ 11
Middling
lll^
Good Middling
Strict Good Middling.
11%
838
838
j
6"i
9%
8>8
8l»,«
9\
9\
10<,« 10'
10 «,
101,8
101ii,10ll|6ll0ii„ 10H,g
1015,, 1016, slOl^lg 1016,g
im
11^8 iim
llBs 11=8 !ll»B
III61, ll's Ill's
ll's
127,8 1238
125,e 12 1. 12 'jg
121*1. 12I''i«-1316,
13ii. 13
12
Middling Fair
Fair
1
GULF.
Strict
Low
non
Sat.
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary.
U)w Middling
lib.
8%
Tueii
Slliej
9<i«
lOig
10»,6
ll'lS
11»16
III3
'
?l8
101,
lOhi
8>>8
Middling
Hood Middling
Good Middling.
Middling Fair
Strict
,
STAINED.
Sat.
¥ "J.
Good Ordinary
Low Middling
8*8
9
9'»ie
10%
Middling
8S8
808
i
8»8
•
107,8
10I*i»
113,g
1138
ll's
I2I9
12»18
133|g
man{Tiiea Wed| Tk. Fri.
8%
6>4
8k
8'8
8'8
97g
91!<„
1008
1011,8 10»8
MARKET AND
and
11^8
18»t6
1215->
9i,g
91,6
9lit
L?'l6
10
10
10
10
I
Fair.
im
lieg
Wedl Th.
il07,g 107,8 107,8
lOis,, 101*1, 1116,8
11
111* iji.'j
ll3t«
11% 1138
117,8 Ill's
11
ll's
12
ll's
ll's
12-t,g 12%
1218 ,12»8
12>4
12ii,e| 12=8 |129,e 12',« 129,8
llS3„ 133,8 ll33,g
13',fl 1314
,
Middling..,
Tlie total sales
10.892
11 '350.
largely transferred to October,
—
Total.
8h«
81B,8
8«4
876
Il0'%
9isja
10»8
SALKS.
futui-e deliveries
each day during th»'
week are indicated
in the following statement. For the convenience of the reader we also add a column which shows at a.
glance how the market closed on game days.
28,421)
3,650
BaTannah
Bmnawlclc
8.650
RALB8 OF SPOT AND TRANSrr.
Charleston
Wilmington
Continent.
6,302
None.
None.
32,805
4,307
16.864
29,621
22,772
declined to 11 -2,50., recovered to ll-55c., reacted to ll-SOc, 8.
N., and closed at 11 -650. Cotton on the spot declined l-16c. on
Monday and again on Tuesday. There was only a limited demand from home spinners, who are believed to be in the receipt of considerable supplies direct from the South. The
market to-day was quite duU at lli,^c. for middling uplands.
The total sales for forward delivery for the week are 261,500
For immediate delivery the total sales foot up this week
bales.
2,489 bales, including 432 for export, 2,057 for consumption,
in transit. Of the above
bales
for speculation, and
were to arrive. The following are the official quotations for
each day of the past week— Sept. 21 to Sept. 27.
408
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons,
Seeeiptsal-
however,
—
8
472,799 128,399
191.833
45,421
251
121
8
151
191
2
.
lative interest,
881
91,263
2,619
27,669
28
6,761
57
13,012
2,259
I
12,641
50 .765
37,094
None.
17,000
15.600
20,164
3,500
14.400
8,000
on Wednesday. The Fnecuwhich
operators for a decline, in view of the lower prices in Southern
1888.
markets, showed yesterday some courage in attacking,
38,832 although stocks are still very small in this market. To-day
speculation opened very dull, but prices were pretty well
42,428
which opened at 11.35c.,
5,924 maintained, except for September,
Stick.
tn
i
852
None.
2.000
4,900
accumulations, the visible supply in the markets of the world
was materially larger than in the previous year, and cotton
on the spot declined. Yet these influences did not encourage
sellers to put out " short " contracts, they merely checked the
demand. An exception to the rule was seen in the course of
September options. The " comer" was vigorously maintained
and the price was carried to
Receipts
33,257
12,396
13,886
Sloek.
Tolul.
wise.
\
The speculation in cotton for future delivery at this market
was dull; with values weak and unsettled during the first half
under review. Receipts at the ports made a
9,358 of the week
7,375 steady increase, and crop accounts were quite favorable not187 witlistanding heavy rains in the Eastern Gulf States and the
Carolinas. Stocks at the Southern ports began to show some
New York
Boston
Baltimore
14,648
UaHng.
O lail-
OlKer
Foreign
i,586
187
N'wp'tN's.&o.
Shipboard, not cleared —for
France.
Britain.
Total 1889..,
Bavannah
Totals
405
2,4-0
2.470
2,470
Norfolk
1.254
1,251
1.251
2.470
1.264
Weat Point.
Nwpt Nw«, Ac.
4,395
7.980
SPOT MAEKET
CLOSED.
. .
.
New York
4,3t5
7.930
58,785
Phlladelp'a,Ac
906
Total
Total. 1888....
Sat.
.
Dull
Mon Easy at Mp deo.
TiU'S.iUulI at i,ndec..
Wed Qiilct and firm.
.
1«,780
127
eei
Baltimore
......
170
m
3,286
20,737
831
3,286
6
612
1,
»,8S0
7,171
2,155
9,565
331
7J.166
7,502
4,562
8
4,836
6,;07
.
Ihur.lDull
Fri... Dull
62,3 !«
5.527
1,31S'
33.891 101 ,584
1
7,12»I 49,50S'
143,223
20,818
108.77«' 15.086
46,072
port.
Con- Spec- Tran- _ ,„,
sump, ul't'n ttl. Toitti.
210,113
165,420
JTlif
Sales.
607
412
416
232
207
183
4321 2,037
tries.
1,039: 31. ,300
2.4891261,500
432
912
Total
41.061
Ex-
412
45,100
4161 r.4.000
232
51.900
2071 25,600
183
53,600
The dally deliveries given above are actually delivered its day
previous to tha* on which ther are reported.
:
:
;
.
.
Tee Sales and Prices of Futures
shown by the
are
follow-
comprehensive table
Bales
25^1 SJg'l
liFi lift ll!t 5
25g'|
Total
Average
rtit Till
price,
Sep.1,'89.
tbfs
a:
week. week.
ili^
»
S:
1
-"
"w
P^
^
8
;i§^
10
MM h*
MM 5
MO "
cc 2
r loO-
MM
MM
§og
-%H
oi.w
10
lOOCM*^
e*-:
«=-:
.
1
1
-Oi
W
OO 5 CO
5
O
r-
cocn
^"8
1
ep:
OO
Sii
o o®
CO
MM
e-?':
M
1=*':
H-M
CO
^^
^t^
5
a
CC?
,-M
'^
tito
CD
E^
5
"^8
8
MMO
COCO
66*6
*.W
f'
"^
«.-^:
5
2
^
1
oc
aw
(5
"^
tCli
oc
CO
2
1
to
H.,:.
''
"i
.
91.*-:
1
'^
E>
5
^
tt»
CO
CO
oiO'
t>>
H-M
t>
^
99
K)
Ctf
O
to to
tOM
to
MM
CC
MM
CO
b,
5
OC
^
es
1
1
s
'^
^
»
"^
=51
1
:
2
CCCO
COS
"^
5)
1
:
tb.
•q
e','':
91
1
:
o ^o coco coco CCOO OOOO
c ccci^cc ccw®vi ciw^co cctc^cj
o
cc
CCl Cl -^«3 ^ MX
-^lO
M
[>.M
[>M
tE>>-'
91 ? ©I < 9| ? 9| ?
^1 o ju' O )(>. o tt*i »
w
''lO
"^tO
"^tO
^):
@:
S
§;
1—
M
M
M
=>
9
<?l
?l
*.!
:
:
1
1
'
!».'
•
•
ib.1
)f^
il'
822,857
200,000
27,000
78.000
35.000
11,000
116,000
14,000
78,300
45.000
10,000
265,000
40,000
144,800
114,000
24,000
172,000
23,000
103,500
67,000
15,000
Total East India,
Total American
351,000
719,938
263,300 587,800
568,372 1,018.142
380,500
822,857
^
1
l^ The
The above figures indicate an increase in the cotton in sight
to-night of 239,066 bales as compared with the same date
of 1888, a decrease of 535,004 bales as compared with the
corresponding date of 1887 and a decrease of 132,419 bales as
compared with 1886.
AT THE Interior Towns the movement that is the receipts
for the week, and since September 1, the shipments for the
week, and the stocks to-night, and the same items for the
—
«:
:
1
*:
:
11
1
ki
1t
1
s:
:
•
1
P
E:
MM
o
COW' COM
O Oi M
ot M CC
•
to
;
cj'
1
-S
3
?
2
M
I
I
CO
h^>^ p
xVcM mc m
Orf^COWMM O
COM
MOtf*)f-MCCC
M
CO
^
!
i;»
1
i
1
1
1
i
s:
1
-.c
.ffS
;
CO
o: w -1
tn
to
.
C)i
a
Ci
GO -^
>^^
CI
CDMOIM- Mo CT UD cc
OSlF^XCC. O;
MfX'tCMO:
o c M cc CI o ^1 c:
OT tc o
c c;
cn
cc CO
cj*
»>;
rf^
»*^
-• *>
!.
sis.s
«•* 5^
£.
^
M K>
M
WM
uci5M^«-.i
tw^oic;o»co
X c COCOMOC
I*».i-JU>CI-4CWC*:Q0GC'OO;
CO|C CO
ti
W
t^«>*ocd<iwoiotCMkj"e5COO'.OM
C©tO»-M-vlUi!»<JCC*J*-JOM05i;Ci'C«D
CCOMtP^--l-lOCCC0C<:^CW3lOC-^O(f*
Sw
;
•
1
u
1
t^
1
C.^u'tO
y
MO
ii*.OttiooMcoc;<
1
—
c;«o
:
^O4^C0C0(Xt0
:
M
w
»
1
^'Ul-'<-
tOCCXJOW**
^r^rP.^i*
oxxc;»ob'rf^ocoo''Cxdoc'ts:to*MCO
O'CMXOrf^-Wlt'MifOictOtOCCJ'MCiM
OiJ^Mt0C:MOO»f*-X0:CC+-Mi**O0:M0T
tOOI
II
<j
^
1
Of
p
"cO
C"
CO
M to M to M M
1-0
^*^<lW*'.rf».
®(CClOf©MiC«0Orf*
toacocoou'cc*^
CO
CiC;»C;<X-^lvO''iX'!SJMCCCGCCJ'CC»F*-OOtO
COCDOaTCOC;iCiOOr^»^-^COI^C03)QDtf>>OtO
s
Si
-•
1
MX
ui
o o c c o X ^1 _ M,__OC<iotOMC:
to CO M O M O M W ~ lid X C O M M cc M X ^1
„
if^
\'1
COCPX'W*.-X
iCiOM J.
."'Cicc^'Tec.io'ioccmmc;!
*>'
oita
-4
II
.
the
detail in
in
^
S
L
:
t>
<
II
-)
out
set
ft)
^
2
'
:
t>
«
is
1
M«iO^
-1
1
—
corresponding period of 1888
following statement.
U
1
>
831,872 1,605,942 1,203,357
ss^d.
5''i8d.
6d.
9>oc.
9120.
lO'uC.
imports into Continental ports this week have been
5,0U0 bales.
'
"*
(Sic
1,070,934
Total visible supply
ei'i.d.
Price Mid. Upl., Liverpool....
lligc.
Price Mid. Upl., New York
^r:
1
1
if-
—
8,250
r
I
9;
«!
'
1
'
1
•
508,572 1,018,142
tt*
,0.
1
If
CO
719,938
M
t>
0| ? c, ?
»
M
I s
*^
" S
?
^
IS
MMMM M
COCO C
,u
D^t^^ii.
0)0
X
M
:
1
'
9r:
COmOjI
""*
•
205,000
121,000
100,000
330,033
58,574
bales
>>
ccto
tlf
1
243,000
115,000
160,000
377,689
97,996
24,457
CCCO CCCO
CJi
100
—
103,000
61.000
89,000
253,782
46,218
15,672
&!
1
1
24,457
g
!
=
c
;
.^
2
-^
fl7,(<96
[!
cc
CO
cocJ
''00
xo 2 i^M
^
(1
24.000
377,680
235,000
60,000
130,000
251,477
27,600
15,861
*-
MM
CO > OO
!^
coco
CCW
ciw " CO
l'i(l,000
16,000
5
6)
1
1
H'p-'
1
'^
.
C
10«
1
b^
!J
ta.
5B
5
?
'
*;<oi
624,300
67.000
lOO.OOO
15.000
330,033
58,574
8,230
to
10 to
10
OC M ceo X
OC 5 OC 5
t»>
CCS
:
fei
J
''
s'.m:
1
CJi
I-**-"
^
0-.D
5
CJIM
»t*
^
b
3
s.**:
sir:
®r:
^^^^
CCCO OOOO MM,-M oooc MMCM COOO
CCCO Mh-CM CCOO
wci^w «M*M wci^M ww®cc COC0O50 cocoOco
OM «C f-tO M H-" O MCC O COM V OlUi
cow
10-49
2
1
to to
e.^;
1
CI
cio>
•->-
h-HMM
CO ^ OC
300
to
"
ifCO
^'0:
1
tf
>
5
2
1
10 CO
hh
CO
§ Oa
s
a
^
CCgO COOO
CCCO OOQO oooo coco MMoM MMMM
O
«-H-
'"8
^i^:
1
*>c;'
Ig
b9
h.
1
1
H^lC
1
8
e
MM
CC b.
5
»*>»
•
MO 2
sr=:
er:
Mh-oim MMOM
CCOO ooco
O
!!5
-"
V
s
N
3
1
MM
CC
Mto
OM
b,.
<
tcy-*
''S
*^
^^
•^
,
8
o
9-'?;;
1
1
1
a.^:
Iri
^-'^^
toco
to
1
o.^
N
s
2
e:!:;
2
''
1
MM
oc t
5
a
XM 2
g OS
a *•:
si.w:
^ ":
MCJIM M ^XM MMtCM MMCM
COO COOC oocc CCCO
8 "8
^C,l ^^o^ Ml— —"M
^i
o
cc
ceo 'C GOO OD
-CC I^ OC >
OO !^ oc
!^
g
s
p*
IJ
CO
oc
5
9!=»:
s).'»:
'^
M^ > MM > t-'^
CO !j OO 5 OO
hA
<1C
1
to
If
1-''^
1
'-4
M
2
o.";
1
>
I-'!:;
5
f'}-'
1
MIO
CO
to.
i^^
224,500
807,800
114.000
2(>,700
)i>:i^
2
Me-ciM ,-i-oM
coco ccoc ccoc CCCO
omOm OM c
c606 6606 ICtO C mmOm
MX M MO M
h-r^
l^f bMM
|>
k
= o ? CO 5
2
s H>H> 2 MM 2
COM " om^
K-M
MO
=«:
9.,":
8.":
ei.":
^-|^<^^ ^^^^
M — OM Mh- COM coco oooc
CCCO ooco
mmO^I M-0,1 mmCm mhCm
Ivd CC IO.M Cn CM Cn
1
250,800
372,300
45.000
80,000
10,000
253,782
46,218
15,572
400,000
1,300
Egypt, Brazil, &c., afloat
2
2
s
9,":
1
S)«:
1
>.
OO
66
o:w
2
"^
95^:
1
1
1
P;
>^h'
tfi.
139,300
600,000
35,000
130,000
11.000
251,477
27,600
15,861
Total American
Ao»' htilitni, Jirazil, dc.
Liverpool stock
London stock
Continental stocks
India afloat for Europe
i»-ai
"^
138,000
Total European stocks.. ..
India cotton artoat for Europe.
at Marseilles
at Barcelona
at Genoa
at Trieste
American afloat for Europe.
United States slock
United States interior stocks.
United States exports to-day.
!S]
MMMM MMCM K-K-(_*M MMOTM
CCOO OOCC
6606
66'6 cc06 omOo X® M
» i(-M W 05O X
—
1
l(^
,.1.^
9
1
300
1,200
104,000
6.000
40,000
14,000
15,000
Anif^rtcun
MM >
[>
oc 2 cc
CCCOmI
i
^
152,000
2,000
13,000
5,000
14,000
.
1
81 «^;
1
M M
OOO
6*6
o w
MM > MM
OO 5 OO 5
6o 2 CO 2
aoi "
oS
!=*':
s*^:
o 9V oopc ocoo
^ '^S 66^6 o6<=c
01
MX -1
Sffi
M— t> MM [>
CO 5 OO
^-A O
MO 1
00
^x MC
o K-^r:
i'.
Ir^o
CCOO COOC
8 "8 ,-(— O,.! MulC,i
1
73,000
2.000
25,000
6,000
7,000
Liverpool stock
Continental stocks
^t.Of^
t>-
cc
WfcO
®
"l
200
900
4,800
45,900
22,000
1.070,938 831,872 1.605,942 1.203.357
Total visible supply
Of tbe above, the totals of American aiid other descriptions are as follows:
/,^«M MM-JM MM-XM MMCM
oc2o cooo COOO COCO ,l(jC^ H-HiOH- ^
mmO|J.
Mi^°M MM = M
MM O tCU K tOif to MCO M
MM '
WM b. CO ^ cc 5 MM b. MM 5 oc ^
?o 5^ oc
^
OO 5
t
w
^
15.000
55,000
6.000
31,000
6,000
3,000
300
800
EKypt,Brazil,c'i,c.,afltforE'r'pe
1
,0.iO.O||L
ifOci
CO
Z
S
300
Stock iu United States ports..
Stock in U. S. interior towns..
United States exports to-day.
occ £SSS S5SS 1
MM
CO
^6
oc
t^
548,(X)0
Amer.cott'D afloat for Europe.
ttl
1
to
MM
OO
MM
MO
1
8
T'
sr:
1
lf^l*»--rf*
233,000
4,400
1H,800
4,000
Stock
Stock
Stock
Stock
|-~
1
1
,;lrflC^
462,000
2,300
14,400
5,000
Stookatllavrc
10.
5
MM-IM
ooo ccoc COCO
i;.C^
1
gfe!
PIS'
X
MM >
1
1
'-^ft'i
Fa (4 ki-J
OO " CO
1
OC 5
£C 5r
«c 2 §
MM " S
g8 S
9'«:
s!^:
e.«:
S
MMlfrM MMXM H«MC;»M MMOM ;
MMCM '-'"OM COOO »
MMOM
cieo°w totjOti MmCo OfflOo ^
MM M
KCn
MM >
MM
OO t> OO 5 CC 5^ OO 5
%
©
COW
>2J>-00W
(jO
CMOC
-J
i^"
"^
S M
2-M«-
figures for to-night (Sept. 27), we add tlie item of exports from
the United States, including in it the exports of Friday only.
1888.
1887.
1886.
1HK9.
435,000 219.000 5(!8,()O0 377,000
bales
Stock at LlTprpool
14,000
40,000
23,000
27,000
Block at Loudon
Total r.rpat Britain stock.
Stock at Hamburg
Stock at Bremen
Stock at Aiustcrdani
Stock at Rotterdam
Stock at Antwerp
^iii i
f ills
ili
M
-S
[Vol. XLiX.
Total Continental stocks
m
Rales
since
;
THE CHRONICLE.
406
iiyj
g
.
1
MCOVtCtf*.
1
00
C U X tc ^ -^
CO
M GO 10 10
OC-JOiCDO ^ss
*;>•
C'Ox**c;iOJO'MM-gMrfi.x**)*i'icGr'*».x
•otOipfcit-asaiot.'toosMot-Jcctf^OMho-j'r;
CMo:cocsto-^<)co9:cciv;c:-^coxcoo::D
^P° We have
included in the above table, and shall continue each
to «!lve, the avt-rase price of futures each day for each month
It
will be fouwl nnrtci- each day foUowinc the abbreviation " Aver " The
avcrat-'O foj' cucli month for the week is also trivcn at bottom of table
week
CO CO
c*;c;'QO
tt-
c.
O C C' to -a «c to
to
oc
Transferable Orikrs—8aturday. llOOc; Monday. ll-lSc Tucid'av
"
ll-SOc: Wednesday, ll-30c.: Thursday, 11 -aOc; Erlday, I0-40c.
•
-vi
-^j cj»
The following exchanges have been made during the week:
•02 pd. to exch. 400 Dec. for Jan.
•10 pd. to exch. 200 Jlay for Oct.
32 pd. to e.veh. •^^H) ,7an. for Oct.
•07 pd. to exch. lod June for July.
I
|
I
|
'27 pd. to exch.
-08 pd. to sxch.
-02 pd. to exch.
-21 pd to exch.
The Visible .Supply of Cotton to-ni^ht,
and
telegrapli, is as follows.
100 Feb. for Oct
500 Nov. for Mch
500 Nov. for Feb'
200 Mch. for Oct.'
rf»>
XM
*;*
^;
-^ CD -^
_
.•:
_
fi^
to ro 10
tf-
tP"
toco
Ci^JOM
GCOri i—Mm;
tP-
c t; OS d"*-i<i *^ cc
X C OD
,
CJiit-icaiaiOTCcixcic!
o«i*-tOaic:OTXxcio<io')j-o-viaiK,co
to CI W O O' M 10 li (C -1 X O
c to ^ M -^
"MCO
M MCO
w
X t- c: #-
ODWCitCtOK
M
C!i^toc'toc;iM7rci
Oi cc oi to
'-C rf^
!
V
CO C^
eo'cD
CD O"
*- -^ ct
cc' to cji
—
cotcooicowo'cxto- <it^*JO0Drf»'a:c
to ap
X
J
as
made up by cable
The Contmental stocks, as well as
those for Great Britain and the afloat are this week's returns
and consequently all the European figures are brought doven
to Thmsday evening. But to make the totals the complete
1888 figures are for Palestine. 1 1888 flsures are for Petersburg, Va,
The tigCirca for Louisville in both years are •• net."
5
This year's figures estimated.
'
totals show that the old interior stocks have
increased diu-ing the week 8,517 bales, and are to-night 18,618
bales le«s than at the same period last year. The receipts at
the same towns have been 330 bales nwre than the same
The above
SrnEiJEK
THE CHRONICLR
28, 1889.1
407
Good progress is being made in gatberiog the crop. The thermometer has averaged 71, ranging from 52 to 90.
Weatherford, Texas. — The weather has been dry all the
Quotations for Middlino Cotton at Other Markets.—
In the tiible below we give the closing quotations of middling week. Croj) prospects were never better. The thermometer
cotton at Southern and other principal cotton markets for each has ranged from 60 to 82, averaging 71.
week last year, and since Sept. 1 the receipts at all the towns
are 57,461 uales more than for the same time in 1888.
day of the past week:
Sept.
27.
Satur.
Galve.«^tou...
iron.
1011,8
1011,8
10',6
1014
107,8
lO'a
IO'h
ll^saiia
lOiiie
Now
lon.e
Orlcttus
Mobile
Savannah
107,8
1014
10>a
...
Charlestiiu.
.
Wihiiin^lon.
Norfolk
10»-3
10'8
113sai2
Bo.ston
Baltimoro...
Philadelphia
AuRnsta
® 38
10%
St. 1.01118
Ciuclunati
..
Loulsvillp.
..
ll>.l'tf%
Ilia
10-«v;38
lOs
10%
11
11
11
11
1«7,„
10%
10
-8
IDS, a
l(>«i
lll4«%
11%
11%
lOU
10%
10%
10%
11
11
11
U
lO^is
10
105,8
IOI3
1078
11 '1*38
11
11>2
10%
10%
1014
10%
lOiSjn
1114^38
11
11%
101, „*%
10=8
10*18
11
11
IOX18
11
11
—
fTeek
market through the
Receivtt at
f )i«
—
very good.
outiX)rts.
—
Vicksbnrg, Mississippi. We have had no rain all the week.
The thermometer has averaged 67, ranging from 54 to 82.
Little Rock, Arkansas.
Telegram not received.
PorU. SVk at Interior Tovinti. Rec'pta /rom Plant 'n$.
1887.
1888.
15,991
27.7i)9
23,258
23.793
57,452
34,75)
98,061
8»,B-7 13(l.a4-
1889.
1887.
1888.
Aig.23
19,870
IK.Sl-
8.532
30
fept. 6
" 13
39,30«
23,63«
85.437
39,104
128,041
45,fl91
1887.
1888.
7,207
19,510
18, '64
15.155
8.727
39 .84(1
2-.;,'P3
17,82*
17,78;
9e,.39t-
41,8:J7
53,512
21,291
23 022 143,709
29,2^9
88.492
0?,240
82,554
3(1508
61.174
—
P.349
'
2''
la7,T-10
"
9-
2;i8.7fi l2>*.3(il*l!fll,R^-1 1! 8.981
18):0.
1889
—
Helena, Arkansas. Cotton is beginning to come in more
Wonns are claimed to be doing damage. There has
freely.
been no rain all the week. Average thermometer 67, highest
84, lowest 50.
Memph is, Tennessee, The weather has been dry all the week,
but cool at night. Picking is general. Cotton caterpUlars are
reported almost everywhere and much damage is claimed from
them to late cotton in a number of localities. Tiie thermometer has averaged 68, the highest being 85 and the lowest 52.
Nashville, Tennessee. We have had rain on one day of the
week, the rainfall reaching ten hundredths of an inch. The
thermometer has averaged 65, ranging from 45 to 83.
Mobile, Alabama. It has rained severely on two days, but
at the close of the week the weather is fine. The rainfall
reached three inches and eiglity-four hundredths. The ther
mometer has ranged from 50 to 8S. averaaing 73.
Montgomery. Alabama.— We had rain on four days early in
the week, but since then the weather has been dry and pleasant, although cool at night. The rainfall reached tliree inches
and sixty-five hundredths. Picking continues uninteiTupted.
Average thermometer 72, iiighest 89, lowest 50.
Selma, Alabaina. Rain lias fallen on two days of the week,
The thermometer has averaged
to the extent of three inches.
68, the highe.st being 80 and the lowest 51.
Auburn, Alabama. The drought has lieen broken by plentiful rain.
Xiie week's pre.';i])itation has been three inches and
thirty hundredths. The thermometer lias averaged 71 9, rangm,g from 63'5 to 86.
Madison, Florida. There has been a storm on one day of
the week, with hard rain, the rainfall reaching four inches
and fifty hundredtlis. The thermometer has ranged from ,50
to 90. averaging 75.
Columbus, Georgia. It 1 as rained on two days of the week,
the rainfall reacliing three inches and twenty-three hundredths. Average thermometer 79, highest 89, lowest 61.
Savannah, Georgia. Wo have had rain on two days of the
week, the rainfall rca'^liLug ninety-nine hundi'odths of an inch.
The thennometer has averaged 73, the highe.st being 89 and
the lowest 5.5.
Augusta, Georgia. Tlie weather has been generally clear
and pleasant during the week, rain havuig fallen on tut one
day.
Accounts are good and the crop is turning out well.
Picking is progi-essing rapidly and the product is being marketed freely.
The thermometer has averaa;ed 73, ranging
from 48 to 90, and the i-ainfaU reached one inch and ninety
4«,!.M
28,529 217.78^ 10,.s91 l.SS),8-5
30.7KV 27f,152 15."t,SU5 205,088
—
—
That the total receipts from
The above statement shows:
lh3 plantations since September 1, 1889, are .>00,117 bales; in
were 349,030 bales; in 1887 were 749,907 bales.
18^8
2.
That, although the receipts at the outports the pa.st week
were 191,833 bales, the actual movement from plantations was
205,006 bales, the balance going to increase the stocks at the
interior towns.
Last year the receipts from the plantations
for the .same week wei-e 153,365 bales and for 1887 they were
275.152 bales.
1.
—
—
—
"Weather Reports by Telegraph.— Reports to us by telcgrf ph to-night indicate that although at some points on the
f.nd in the Atlantic States the rainfall has been heavy,
the weather in general has bsen quite favorable. Picking
Gulf
and marketing are making good progress. There are comworms and caterpillars from portions of Arkansas
and Tennessee.
Galveston, Texas. It has rained hard on two days of the
week, the rainfall reacliing two inches. The tlierniometer has
averaged 71, the highest being 85 and the lowest 57.
Palestine, Texas. — We have had showers on two days of the
week, the rainfall reaching thirty hundredths of an inch.
Crop good. The thermometer has averaged 71, ranging from
plaints of
—
—
—
—
54 to 88.
—
Huntsville, Texas. The weather lias been dry all the week
and picking is active. Prospects are good. The thermometer
has ranged from 56 ti 90, averaging 73.
Dallas, Texas. Tliere has been no rain all the week. Prospects continue highly favorable. Average thermometer 71,
—
—
highest 92, lowest 50.
San Antonio, Texas.
—
—
We have had good showers on two
days of the week, the rainfall reaching ninety-nine hundredths
of an inch. Crops are splendid, and picking active. The
thermometer has averaged 72, the highest being 93 and the
lowest .52.
Luling, Texas. Everything is prospering. Rain has fallen
on one day of the week to the e.^tent of twelve hundredths of
an inch. The thermometer has averaged 74, I'anging from 54
—
—
hundi-edths.
Charleston, South Carolina. Rain has fallen on two days
of the week to the extent of one inch and forty-eight hundredths. The thermometer has ranged from 58 to 87, averag-
—
to 94.
—Wo
Columbia, Texas.
have had hard rain on two days of
the week, the ramfall i-eaching one inch and thirty-nuie hundredth.s.
The rain was not needed, but probably did no ma.
harm. The thermometer has ranged from 56 to 90,
averaging 73.
Cuero, Texas.— The weather has been dry aU the week.
Crops are fine. Average thermometer 72, highest 90, lowest .54.
Brenham, Texas. Picking is proi;ressing actively. There
has been one shower during the week, the precipitation being
twenty-five hundredths of an inch. Tho thermometer has averaged 74, the highest being 92 and the lowest 56.
Belton, Texas. It has been showery on two days of tho
week, the rainfall reaching thirty-nine hundredths of an inch.
ing 74.
Stateburg, South Carolina.— Rain has fallen on two days of
the week to the extent of two inches and seventy-foijr hundredths. Picking progresses well. Average thennometer 66,
highest 80, lowest 49.
Wilson, North Carolina. Telegram not received.
The following statement we have also received bj- telegraph,
showing the height of the rivers at the jxiiuts named at 3
o'clockSeptember 26, 1889, and September 37, 1888.
terial
—
—
—
—
The weather has been cloudy and
most of the week, but without precipitation. Average
thermometer 69, highest 87, lowest 49.
Ciarksdale, Mississippi. The week's precipitation has been
thirty-one hundredths of an inch. Prospects for cotton are
Greenville, Mississippi.
cool
Receipts From the Plantations. The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Soutliern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the
rain on two days
two inches and seventy-five
—
10 "a
10%
—There has been
hundredths. Average thermometer 75.
Shrcveport, Louisiana. Tliere has been no rain all the
week. The thermometer has averaged 72, the highest being
90 and the lowest 57.
Columbus, Mississippi. —It has rained on one day of the week,
the riinfall reaching fifty hundredths of an inch. The ther
mometer has averaged 67, ranging from 48 to 80.
Leland, Mississippi. —Rainfall for the week six hundredths
of an inch. The thermometer has ranged from 47 to 90, averaging 71 '7.
Fri.
107,8
10»2
I03sa7i«
111-2
Ills
Thurt.
1016,8
lOia
10^8
Orleans, Louisiana.
of the week, to the extent of
109,8
10»,a
10^8
107,,
10»in
10>2
IO'b
ON—
Wednes.
10--fj
11
lOSfl
...
Tues.
lOSg
IIM
11 '4
.... 105,
Meiuphi.t
New
CLOSING QUOTATIONS Ft)U MIDDLING COTTON
Week ending
Srpl.
2(i,
NO.
SejjI. 1 7.
'88.
1
Inek.
Feel.
1
New Orleans
MempblB
NasUville
Shreveiioit
Vicksbiirif
Above
Above
Above
Above
Above
low-water
low-water
low-water
low-water
low-water
inark.
mark.
mark.
mark.
mart.
Feel.
6
1
I
I
l»
16
Miss Ing.
'
11
4
«
15
Inch.
."»
6
3
5
'
—
—
:
....
.. .
. .
.
4
:
1
'
1 1
:
1
1
THE CHRONICLE.
408
rVou XLIX,
.
India Cotton' Movement from all Ports.— The receipts
and shipments of cotton at Bombay have been as follows for
the weeK anil vear, bringing the figures down to Sept. 26.
BOMBAY KBCElrXS AND SHIPMENTS FOR FOUR YEARS^
Reeeiptt.
Sh^amenU Utit mek., Shipmenlt tinee Jan. 1.
'
Since
Thit
Week.
Total.
Jan
1.
1
I
1
Weather Record for August.— Below we
give the rain-
and thermometer record for the month of August and
previous months of this year and the two precedmg years. The
Sgures are from the records of the Signal Service Bureau,
except at points where they have no station, and at those
points they are from records kept by our own agents.
fall
2,0001364,000 841,000 1,205,000; 5.000 1,684,000
3,000 5,000!213,000 618,000 831,000 3,000 l,2i>l, 000
1.000 1,000 ses.ooo'eo.'i.ooo 1,028,0001 7.0001,466.000
2,000' 2,000.3 17,0<X)tiU4.0O0
981,000 5.000 1,402,000
...
'
Note.—Receipts at Bombay sluoe January 1, 1889, revised.
According to the foregoing, Bombay appears to show an
increase compared with last year in the week's receipts of
3,000 bales and a decrease in sliipments of 3,000 bales, and
the shipments since Jan. 1 show an increase of 374,000 bales.
The movement at Calcutta, Madras, and other India ports for
the last reported week and since the lat of January, for two
"Other ports" cover Ceylon,
vears. has been as follows.
"Tuticorin. Kurrachee and Ooconada.
BMpmmtBfor the teetk.
Shiymtntt H^tee January 1.
813
WUtningtonUiKhest. ..
Britain.
Total.
97-0
85
87-6
Lowest
450
50
470
Averajfe...
ea-4
B9'9
711
91-0
41-0
6«'8
91-0
62-0
70-6
91-0
40-0
87-8
90-9
940 Of
50'
45-0
71-a
940
140 480
96-0
4H'0
AvernKC...
7«-l
7«'7
74 8
UiKbest ...
Lowest...
AveraKe..
81
32-U
OS'S
8!-C
40-0
81-0
54-0
8&-6
tTeidon.—
UiKtieat
Cotitinenl.
Britain.
Total.
34,000
25,000
45,000
60,000
79,000
85,000
54,000
23,000
1,000
70-4
—
8,500
7,000
62.500
30,000
flf 'ri;a(iton —
«adra«500
3,000
1,000
'1889
1888
A.I1 others1889
1888
3,500
1,000
3.
4,000
8.000
2,000
12,000
2,000
73,000
55,000
116,000
84,000
43,000
29,000
Total all-
1889
1888
totals for the
periods of the
two previous
from —
TM$
This
week.
S'nte
Jan. 1.
tceek.
1887.
This
meek.
Sin^^e
Jan.
1.
Since
Jan.
1.
Total.
2,000 1.205,000;
16,500 257,500
5,000
831,000
199,000
1.000 1,02'<,000
7,000 374,000
18,500 1.462.5001
AU other ports.
8,00011,030,000
8,000 1,402,000
3,000;
—
Alexandria Receipts and Shipments. Through arrangements we have made with Messrs. Davies, Benachi & Co. of
Hiijliest..
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandi-ia, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Receipts (cautars*)
This week
Since Sept.
1889.
Keek.
<«pt.
To
'
6,000'
1,000
Total Biiropc
7.000
cantar is 98 pounds.
TMt
\
Sinee
teeek. .Sept.
1.
30,000
56.000
If
Ttiis
week.
l.\
Since
Sept 1.
9,000
3,000
2.000
1,000
7,000
3,000
12,000
3,000
10,000
A
2,000
1,000
1
6,000
4.000
3,000
10.000
This statement shows that the receipts for the week ending
Sept. 25 were 60,000 cantars and the shipments to all Europe
^
7,000 bales.
—
Manchester Market. Our report received by cable to-night
from Manchester states that the market continues firm tor
both yams and shirtings. The demand for both India and
China is improving.
We give the prices for to-day below,
-and leave those for previous weeks of this and last year for
comparison
Twiit.
d.
d.
a.
:Ag.2S 81i«a8»i« 6
" 30 8ii((*'8«ifi 6
«ep. B S'lewM",* 6
••
13 8iii,a8>i« 6
d.
8.
•ft7
O
0.7
d.
2
2
2
2
2
2
OolPn\
Mid.
Upldti
d.
32* Oop.
Shirting,,
Itoiti.
d.
I
6»8
6»e
641
2r.8ii„'aHi'ie ,0
708
\7\
d.
[e.
d.
.s.
d.
\jjpia.
'
d.
aS'i 5 eiaaeil
5»,.
asag ,5 8 -s? Oia' 5ii,b
LOl-0
PC-6 101-0
69-0 60'
so-a
9-0
79-0
94-0
68-0
75-3
r5-8
940
380
778
79'e
990
90'0| l>80
C»-o! «-i-0
8 1-0 ^0^
ioro
786
74•^
SS'l-
95-1
94-8
998
515-
51-0
7S-0
a-i-o
7»-2
57-4
77-5
94-2
48-9
74-8
93-8
58-3
76-5
99-0
52-0
76-2
^H
90-0
K2-0
76-9
99-0
68-0
58-0
81-9
920
610 690
76-9 799
S9-0
68-0
71-4
92-0
57-0
7o-d
^^1
^H^
^H
^Hl
92-0
»J-0
Rj-O
P4'2,
85-0
68-0'
90-0
60-O|
^^M
^^m\
^^B
90-0 lOO'o! 99-1
100-0 9568-» 56-4 52-8
5-7
14-7
740 75-7 74-7
IOJ'2
78'B; 77-0
5«-0) 52-0
84'C.l
43-0
735
80-8
640, 60-0 8561
96-0
^^^
750
^8-9
480
68-0
9«0 87-0
4B0 518
710 72-a
72'.
88-1
46'«
88-0
52-0
711)
89'
70-1
bi-l
87-0
48
430
97-u
71-0
92 5
7if9
71'8
t»75
98'5
91-0
44'
450 530,
73'u
71-2
7a-ol
990
93-8
46-8
71-9
93-9!
45-Ki
68-1/
96-6
87-0
78-0
798
»7'9 103-U
67-0
79'3
86-0
92-8> 93*0
61-1.
69-^
77-1
10
74-8
98-0
87-0
80-^
67^
75i-6
101-C
89'ui
5a-(
74-41
Uigbest...
6«-8
81-7
880
64
7711 77-9
84'6i
Aiken—
Highest..
Lowest....
Average..
1000 97 9
800' 78-0
620'
79-0
C)lumbui—
.
96-5
47-0
78-8
963' 101-5
5801 54-0
98-1
99-^; 103-2
58-3! 69-1
98-3
63-5
80-5
78-0
79-1
82-5
lOS-5
87-1
97-»
67-6
78-4
98-.':
80-.
Aamutta.—
Uigbest..
Lowest...
Average..
Atlanta.—
45'U
71-;
73-7
95-1
99-8
81-0
77-8
68-.
78'.
99-2
59-9
78-8
95-0, 04-3 lOJ-0
64-01 6j-!> 59 u
76-0, 76'r
77(1
I
78-9
bl'8
89-0
eo-0
74-2
95-7
8 1-5
76 6
91-2
64-a
7»-8
950
78'8
97-1
84-3
78-6
97-S
100-0 10.V8
66-0 850
82-11 7»-2
ilO'O
410 44-S 071
660 881 72-0
960
ftOo
71-4
88-0
88-7
90-6
52-5
72-5
89-0
68-0
72'3
890
650
8S-0
66-0
77-0
90-(i
71-1
93-2! li7-o
55-3! 67-1
74-8 75-9!
60-01
900
80-OI
77-!
i
99P
88
7B't
61-0
77.8
96'o!
96"Ji 95-C
68-o! 71-1
82-0 8l-(
77-1
99-.
70
81-0
98-0
500
760
95 I
731
Oolumbus.—
Highest.
.
Lowest
Average...
89-0
4«'0
75'U
71-0
52-0
8U-U
Highest...
89
91-0
42-0
89-0
490
91-1
54't
880
Lowest
B»'0
7S-(i
760
94-0
50-0
78 5
92-0
54-0
TO-3
«-i-i
Average...
rorsyth.—
Highest...
103'!-
I
Lowest
Average...
Sivannith.—
Highest..
LiOwest
Average...
40-0
7j-4
62-.
i
74-9
4«'()
020
620
""0
....1
...
....
!
73-0
83-u; 84'1,
97-1,
..
67-1
....
....|
77'0,
95-0 101-0
.1
Wit
72-0
8J-0
93-0
540
79-1
79 7
1)2-0
65'li
82'l
eo-0
75-0
66'li
1
m-0
870
I
95-01 97-0 102't
Be'Oii 73-lj| 72-01 ''^'i
hi--
67-0
79-0
79-9
i
87-0
95
67-0
ei-0
1
1
9i)'i
830
815
81-0
9-i-O
97-1
70-0
77-4
8ruJ 80-3
88-0
78-0
!
93-0
820
iackMOnviUe,
Highest..
Lowest....
Average.
Oedar Keyg.
Highest.
Lowest..
Average.
Lake CUu'-
93-0
58-5
91-b
950
95-s; 94-1
500
55-.'!
72-7
742
73-
u4-0
78-2
7V2
870
8«-5
86.'
65-0
72-2
OiH
73-3
57-0
74-9
94-0
litvsville—
Bbitaest...
.
Average..
80-1
94-0
81-1-
96-0
87-2
818
79-7
795
6S'a,
83-a
69-0
7i-..
7.J-0
826
80-5 8C-9
7)-3
95-0 lOl-O
52-0 87-0
6">-0
80-2!
88'Sll 91-0 90-7
63'5;l 710. llo
78-7] 80-4! 80-8
92-1
90-1
9;-i
87-7
80-8
91-7
I
97-0
81-1.1
960
5-i-O
t.2-1
640 650 86i
68
54-0] 55-1
76-0, 81-.
82-0
78-1
71-:i
76-01 82-2
75-.
78-1
8i-9l ''98
92-0
53-0
73-4
P80
«K0
90-
940
73-6
783
18-;
94-8
84-4
77-6
98-t
61-0
93-1
80-1
93-01.95-0
54-:
7i-S
91-0
50-0
72-3
910
8^-0
68-0
9i'5
60-0
77-1
91-5
92-0
44-0
70-6
62'4
48-5
72-4
92-1
60-1
73-
91-P
48-0
76-2
83-2
91-2
56-4
73-9
50-0
77-0
104-1
96-0:102-0
9-3-01
70-0!
6801 87-9
80-8
80 o
9S-0
67-0
79-0
90-9
89 U
80 2
93-0
95-0
94-4
89-4
81-fj 80'S
-
laUahasnee
Highest
Lowest
1
88
98-4 tOO'S
68'0! 69 3
45-0
7«-»
Lowest
Average..
.
89-1
!
I
•
Uighest....
Lowest
89-0
56-U
77-0
97-0
64111 "'00
77-9]
Sl-9
mi
I
.
.
Average..
57-0
74-S
761
93-0
89-1;
98-i,
68-51
700
71-1
80-2
8U-3
710 75-0
799
835
79-S
81-;
76-7
69-5
88-8
93-6
68-8
1020
79-9
99-0
66-0
79-5
97-8 lOO-l
87-2 70-4
Bl-3 79'
94-1:
78-8:
92-ol 90-1 93-3
60-0; 62'«
77-61 77-7
93-0
70-0
81 -a
96-6
68-6
80-5
89-0
69-0
78-0
91-0
65-0
90-0
71-0
81-0
91-6
48-0
78-1
93-0
58-0
I
9-J-O
95-0
91 5
76-0
82-7
ALABAMA
Biontomtt']/.—
Highest..
Lowest
—
Average...
l£ bUe.Highest...
65-0
480 540
Lowest
70'2
72-1
88-0
45-0
70-0
88-0
49-0
70-0
88-0
890
87-0
91-1,
46-0
70-0
480
71-4
81-0
74-0
900
540
88-5
90-9
6</-0
621
73-8
73-8
76-2
880
89-5
51-8
98-9
52-9
75-4
930
550
89-2
59-3
74-4
90-5
60-2
78-3
(!6'5
98-0
6fi0
79-0
.
Average...
A-JMirti—
Highest...
Lowest
Averaice..
59-0
73-5
610.
94-0
80-0
77-Oj 77-9
78-41
.
.
.
62-1
97-2
81-8
78-3
78-.,
96-5
69-1
79-3
97-5
6»-0
80-4
90-0
93-z
93-0
86-0]
69-51 65-2
7o-ii 79-9
97-0
76-0
81-4
930
03-
68-0
79-8
64->
98-0
67-5
80-7
93-0
86-0
80-0
96-U
92-0
93-0
780
77.0
72
630
80-3
76-0
96-6
95-8
719 720
70-0,
80'5!
92-0
70-0
80-8
B0-0| 91-0
86-O1 63-0
77-01 78-4
91-1
82-0
78-4
92-0
62-6
77-7
93-7
89-6
94-3
71-0
81-0
i
Bepurtaof tlienewci'i'P are on the whole favor.i1>le. The plants in
Berars are ulready iu Bower, and arc uuusunlly forward
in the Bengal dlstriit.i more r.iin would be beiirflclal. and also in parts
>f the Khiiudolsh circle.
Iu the Dharwar dialricts also more rain is
jieeded.
jiarts of the
•
Jute Butts, Bagging, &c.—There is a good business being
done in bagging, and orders are coming to hand quite freelv.
Prices are steady and sellers are quoting ii%'M(i^^c. as to quality.
Not much activity is to be noted in jute butts and the
market is nominal at 1-70® \%c. for paper grades and 2 o2i.^c.
^
/or bagging quality.
95-0
66-6
i
Bl'-O
101-9
6»-|
94'
Lowest
I
a.7
7% 38% 5 8 »7 O^a 5i:ijp
47
611., T'h asia |5 10 •a7 2 16
®7
6% 7'e a8>2 Is 10 ®7 2
5 5,.
'6
•' 27:8liea8
»7
6U,e T'a ttS^H 16
"ib
a7 1
6
East India Crop.— The Bombay Company's cotton report,
*^
ilated August 27 said:
-"
63'8
52-0
78-6
770, ;5-2
Average...
Selrna—
1888.
8>4 Ibf.
SMrtiitgi.
95-2
58-8
78-9
.13-0
78-0
55-31 52-f
Btgtaest.
1889.
32* Oop.
980
590
87-0
440
Lowest
1
Liverpool
Continent
97-0
54-0
74-2
93-5
50-5
78-8
S7-0
49-0
Lowest
1887.
30,000
63,000
Since
Exports (bales)—
<7 2
95'9 100-(
59-8 86-1
75-6 80-9
FLORIDA.
60,000
107,000
ThU
"To
1888.
'
|
79-i'l
88-0
67-0
76-4
Average..
Average..
1.1
H8-0I
'.a-e:
81-0
Hitthest...
,
Alexandria, Kovpft
September 25.
SS'O!
75'»
79-7
Highest...
Bombay
94-0
5iS'8
74V
SBOKGIA
1888.
1889.
W-9
68-0
CAROL'/
Lowest...
AveruKe..
St^teburg.—
years, are as follows:
EXPORTS TO BimOFE FROM ALL INDIA.
6hip7nents
iouli Europe
91-C
70-8
Lowest
Average
week last year. For the whole of India, therefore, the total
shipments since January 1, 1889, and for the corresponding
TO-1
GharU^ton.-
257.500
199,000
96.500
96,000
week show that the movement from
other than Bombay is 13,500 bales more than the same
The above
the ports
161,000
103,000
16,500
3,000
4,500
12,000
3.000
950
sti-e
UlKbest....
1,000
67-8
Averase...
Calcutta -
1889
1888
95-0
890
AveraKe...
Qharlottt—
HiKhest. ..
WilaoiL
93-0' B8-8I
I
i
...
Lowest
Lowest
area I
Oontinent.
76-0
N.CAK'LA.
Lowest
Great
98-41 91-8
B-.0' 59-5
74-4
80-51
LOUia'NA
tf.
.
Orleana.-
Highest..
Lowest
Average...
S^reveport.—
Highest...
Lowest...
Average..
Or'd VoteaUrUigbest. ...
50-0
70-2
72'
98-0
68-0
75-8
75-8
-92-.-I
86-6
77-3
82'8I 81'5
97:0 110'
68-0 86 2
80-a
78-.i
80'81 81-4
932
—
89-2
72-U
74-7
9S-0
42'U
71-6
950
90-0
48-0
70-5
76-6
96-0
47-0
77-6
Highest...
90-C
90-0
88-0
000 1000
Lowest ....
Average
Ss-i
44-0]
600
38'(
05-,
89
70'4
8560-3, 55-5
LtberlyumHigtaest....
Lowest
Averase-
580
86'2i
78-3
Average...
Lowest
91-2
88-7
90-5
B3-4
78-8
96-8
89-t.
72-1
88-1
98 5
68'9
94-5
87-0
81-8
720
9S0 lOJ-0
680 6u0
8f.-6
82-5
84-0
90-0
82-0
7U-0
96-0
96-0
92-0
78-21
I03'(-i
95-0
690
650
82-4
79-9
97-3 101-6
85-6
79-8 81 •»
94-5
70-5
91-8
65-0
78-9
94-2
69-3
79-7
93-3
94-0 100-0 102-5
78-0
59-0 87-0
86-6
81-0 b8-6
92-0
79-0
89-3
94-0
HO-O
77-0
96-0
58-0
816
«»-(
MlSSISS'Pl.
OMumbtu.—
.
•
44'0
70-0 70
Figures tor 18S8 and 1887 are for Archer.
eOO 880
95-0
art)
58-0
77-0
700
750
79-1
-0
730
'
—
.
1
1
Sbptgubeb
1
1
1
.
THE CHRONICLE
33, 1889.]
May.
July.
Axmatt.
1889. 1888.11887.
18F9. 1888.1 1887.
Mail'
1889. 1888. 1887
1889. 18»8.; 1887
930, SOOi 90-6
48-01
WOl M-l
701
71-r1 71-9
90-0
4«-0
90-U
«S0|
700
90-0
87-o' 91-0
Bfl'Ol
wo; 550
80-8
79-9
93-0
86-0
74-0
9-<-0
98-0
730
74-0
78-0
92-0
68-0
90
70
93-3
92-0
70
920
830
78-0
82-0
78-0
Ol-S
67-0
83-0
9-.-0
79-0
94-0' 90-0
89-0
97-0
B4-3
76-7
77-0
75-4
94-0
69-0
81-8
61-fl
800
52-ol
94-01
t,VO\ 5S-0
4f0'
600
72-0
73-0
75-0
75-0
91-0
48-01 58-0
70-0
75-.J
97-0
1
89
700; 600i 7tl0
1
.',H-0
o!
aO-Ol 89-0' 99-0
91-o!
940
470
450
54-0
74-7
4aO' 4«0,
97-«| 71-8'
IS7-o:
74-9'
880 880 940i
41-0
44-0
97-0
94-0
80-5
8a-o
84-3
7S-S
93-0
ei-0
7J-2
94-0
74-
1888.
8-l«
»B*
4-02
19
9
8
17
8-80
15
0-61
13
8-89
13
0-83
17
10
1>-
7
4-31
ALABAMA.
99-7
87-9
954
(141
Rainfall.ln
78- 1
79-9
SO'O
90-0
95-0
Days rain..
VobUt.-
91-0
Rainfall.ln
96-0: 60-0
Mtmtgom'y,—
8-08
94-0
87-0
78-4
91-0
00-0
79-9
99-Oj
87-0
83-1
65-0
79-7
590
«l)-l
73-9
81-5
05-(
779
640
73-3
Days
Days
98-5
6V0
-30
SS-o!
8:i'0
75-5
76-0
80-4
97-3 100-0
85-0 6i-Si
81-8 81-21
B3-0
91-0
79-8
97-0: 99-0
51-Oi
8«0i 880, 96-0
4M0l 480i 58-0
93-0
90-0
910 970
510
96-01
68-0'
93-0
920
48-0!
72-61
sro
94-0I 69-0
60
94-0' 97-0
98-0' 820
77-0
790
8J-0
81-0
81-0
770
80-6
99-5
63-4
103-.S,
57' 11
78-8,
93-0
69-5
70-4
430
t»l
67-8i
800
75S
88-7;
90-0k 88-o! 91-8
400 4401 600
66-7, 67-7; 705
5 JO
5H-0
72-5
B5-0
760
77-51 79-0
SO-0
98-C 100-0 100-8
59-1'
64-0 67-1
78-0 78-1 78-
96-l''l
8101
80
89-2
I18-7
88-4
650
66-Oj 70-7
96-0
48-4
74-0
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92-0
96-ii
780
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75-0
57-.--
78
93-6
51-8
75-4
880
40
881
370 50S
9X-6
01-0
64-0
80-5
97-2
98-4
80-
98-0'
55
5,
77-0
88-0
4ii0
65 5
86-0! 87-0
87-0
91-0
96-5
410
51-0
75-0
57-3I
45-0: 47-0
71-9, 74-0
550
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43-0
880
900 980
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58-0
79-a
88-0
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73-7
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86-0
81-c!
56-91
880 690
74-8
73-9
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91-9
48-5
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72-1
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i
6-64
8-78
8-71
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4
OrltantRalnfali.ln
Days
12
9
2-70
7
1-49
Days
1-48
8
88-01 88-31
48-0, 48-tt
Averaee...
70-4
70-S
550
Days
rain..
81i-9
-1
1
930
95-0,
64-8
62-4
Days
Ulgtest....
Ri-0
88-Oi
92-0
Lowest
520 480 50-0
eSO 87-3 742
Average...
94-5 lOl'S
93-9 65-5
79-8 82-0
90-2
65-2 1000
95-4 91-8
76-3 80-9
920
610
78-8|
92-0
70-0
80-0
66-0
94-0
79-1
97-0
H6-0
09-0
70-0
83-«
98-0
70-0
89-0
98-5
60-4
76-0
9T-8
39-0
73-0
'.9
91-0
9J-0
100-0 104-1
90-0 57-0
73-9
9S-0
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790
94-21 lOS-0 101-4
79-0
..
n:i
Averaae...
9001
930
101-5
86-0
710
7v.'8'
72-5
81-4
84-11
87-0
65-0 101-5'
eso: 65-0 6«-0]
100-1
58-0 31-D
73 1 7«-5
82-7' 82-.1!
99-0 lOl-O
6»s-5
71-0
SI-3
740
July.
Aujunt.
18S9. 1888. 1887
1888. 1888. 1887
May.
VIRGINIA.
—
17
17
I
7 81: 8-37
19
13
5-33
14
5-26
12
2-72 10-6t
11
33
5-79
11
4-84
4-41
10
raiQ..
9
3-56
6-03
5-62
14
U
1
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6-41
81
8-69
1-49
12
7 81
19
12
5*0B|
10
20
13 H
683
4-61
14
JFnidon.—
KalDfall.ln
S"-8
12
8-8l| 8-07
14
7
8-Sl
8-75
4
5-841
3-64
10-31
Ralnfall.ln, «-45
rain..
10
5-89
15
8-;b
906
l8-d2|
6
15
Days
fiilQ..
Orvirtoite—
Hainfall.ln
Days
rain..
TUton—
14
1-66
10
1
10
8-17
4-41
10
5-88
18
7-4B
15
1-68
13
S-54
17
4-53
11
6 02
16
919
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8-37
15
I
I
I
Days
Ralnfall.in
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Days
CAROL'
A'
9.
(/^ar/€«t/jTi—
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Days rain.. 5
r45
11
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6-50
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7
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3-82
3
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314
e
5
'
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11
I
14
13
Htattbura—
Kalnfiill.ln
Days rain..
Aiktn.-
12
10
'
400
3-81
18
7
8-23
11
606
7-74,
5-87
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10
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13
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U
8-98
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Atlanta.^
Rainfall. in
5-03
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4
9
Rainfall, ia
Days rain..
Columbu».~
:
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4-I-3I
9-49
7
8
Riilnfall.ln
Rainfall, In
Days
rain..
Fmylh.—
Rainfall.ln
Days
rain..
4-20
5
8-51
9
1
a
9
II
12
I
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e
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13
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20
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309
881
9
14
18
2-92
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16
S
11
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15
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13
8
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IS
19
8-39
18
3-08 12-70
I
3
FLORIDA.
Jackaon' itURainlall.in
Days
rain..
8-8«
I
7-50!
'.8
j
8 30
13
I
V^Lar Keys.Rainfall.ln
0-00
Days rain..
Lafe« City*—
Rainfall.ln
Days
rain..
Rainfall.ln
Days ralD..
J-tlhilinssee—
KaiDfall.ln
Days
•
rain..
18
0-88
4
I
0.79
8
8
2-IB
5
a-OO 10-40
8
II
I
I
3-2B
9-19
19
j
I
8-65
I
612
588
5
13
11
18
6-01
I
10
Klfures for 1388 and 1887 are for Archer.
9-40
4-98
2-20
3-45
12
12
19
13
9
3-74
9-78
13
9-17
5-91
16
16
8-37
10
4-40
12
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21
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10
I
8-»
i
8-50
10
4-44
11
8-7»
4-07
8-98
13
7
10
8
5-81
3-04
2-18 11-10' 3-48
9
19
10
7
9-83
16
218' 2 99
11
10
3
4-11
17
6-80
3-30
3-80
1-80
9-20
10-10
12
8
8
7
17
12
0-00
5-08
19
'
1
8
9-86
14
0-9S
7
3-94
2-12
6-72,
1-40
7
S
9-87
11
4
1)
8-
7-26
19
2-20
7-59
13
8-78
10
1-74
14
8-09 11-18
7
14
602
1-29
3-82
8-48
18
8-12 11-181 1-38
9
13
1-4
8
4-30
10
8-»7
6-03
9
6-58
11
15
4-SO
12
8-70
'
1-88 10-39
8
14
3
2-SO
7
1
2-75
2-81
rain..
1-87 I804| 1-84
8
11
4
!
1-78
8
18
18
8-51
5-87
9
14
7-97
14
2-30:
17
8-67
16
3-43
11
B-Sd
IS
4-68
14
3-31
4
rain..
5-49
1-18
5-00
10
Raiufail.in
9
2-83
14
7-39
16
4-82
13
2-90
3-43
17
3-79
10
I
8
2-89
12
8-77
16
1-87
3-12
10
3-30
14
5-92 10-44|
9-02
18
104
2-29
11
4-77
16
14
A$hwoo^^Uainfull.in
3-84
11
0-7) 11-63
7
7
8 51
4
8-33,
8-01
8-38
1-81
10
8
12
5
11
10
a-05
8
2-S4
10
8-32
11
S-33
16
1-81
6-18
4-84
4-7V
9-77
8-28
2
9
5
8
10
8
9-64
12
6-76
11
700
2-57
14
6-80
12
8
»
8
4
0-72
7
816
7-01
11
1-94
1-34
2-39
0-39
s-so
0-9;
4-01
5-30
5
5-80
11
2-9S
587
9
15
8
Days rain..
Augtin—
Rainfall.ln
Days rain
9-26
11
8
2-74
>14
7
4-31
5-78
18
2-83
li
402
1-48
Rarnfail.iii
Days rain..
8
4-94
10
SiuhviUe.—
Days ruin..
Memphis.—
7
5
4-94
18
7-CS
13
IC
7
16
2-89
7
(
1-81
7
I
TEXAS.
QaivetUm.—
Ralnfall.l.
Days
rain..
rain..
fan Elliot—
Kalnfall.iii
Days tain..
Days
rain..
8
0-75
1-64
8
I
8-81
1-98
10
4-89
8-11 14-46
13
to
9-43
B-18
::::
8-21
10
1-88
8-2:
8-92
7
3-97
12
8
5
8
4
8
2-27
1160
11
4-00
16
4
T
e
I
15
e-12
4-8a
3-93
0-85
t
0-48
0-39
12
7
3
3
4
8
S
13
7
4
13
8-17
0-25
8-40
15
1-tJ
f Inappreciable.
Exports of Cotton Goods prom Great Britain.— Below
we give the exports of cotton yarn, goods, &c., from Great
Britain for the month of August and sioce October 1 in
1888-89 and 1887 88, as compiled by us from the British Board
of
Trade returns.
movement
It
all to
will be noticed tliat
we have reduced
pounds.
louaotAU.
Cloth.
OOOs omitted.
1888-9.' 1887-8.
Lbs.
86.010
,
tbs.
84,234
1888-9.
Yds.
462,527
435,840
398.880
1888-9. 1887-8.1 1888-9.
1887-8.
Lbs.
406,967! 84.09C
libs.
Yds.
1887-8.
\
I
425,565:
110,106
25,749
24,993
70,213
74,918 1.297,887 1,291,947! 235,860 831,791)
309,078
23,111
418,390j 78,441 76,071
430,458' 74,1901 76,446
101,552
February...., 21,567
26,009
March
81,706
83,544
24,091
Tot.Sdquar.l
69,310 1,807,908 1,898,811 837.801 230,148
455,815
Lbs.
88,773
103,185
107,838
101,281
79,241
72,53"
22,037
22,166
91,689
I
13
7-59
19
5-62
14
8-80
9-18
13
3-45 t8-45i
11
5
4-75
11
16
Tot.lstquar.
I
8-47
11
3-75
7-41
19
I
431,429
408,041
498,435
488,9091 85,170
77.931
I
8
808,730
111,178,
67,770
90,990
101,993
308,488]
299,458
914.S9I
008,184
[
95,7S7|
i
70,88'
Total 6 mos.. 140,900|l44,256!8,603,135 2,587,158;478,991 494,638
380,65;' 79,693; 98,265
98.048|
83,917
78,337
101,108
83,573
101,906
89,011
67.993 1.197,15- 1.187.402!317.995J2I5,8«1
883.9-29
888.884
Total 9 mos.. 209,864 212,249 3,802,282 8,744,590J091,829 680,888
898,100
888,078
442,068: 81.767
80,375
105JN8
428,020' 73,742
77.68 ^
87,898
103.915
101.507
3,084
31,888
8.848
31.493
AprU
88,389| 23,982
May
22,969
June
20,622| •20,672
Total 3d qr..
05.934
23,689
421,089
429,888
346.230
430,580
78,152
375,8951 03,931
98,839!
I
8-90
2-81
11
5-61
1-98
9-83
3-35
10
8-73
18
1-85 14-11
8-83
18
7
'
4-95
10
2-93
5-05
1-26
305 620
8
S
.
January
4-78
14
8-49
10
9
I
Days rain..
Rome.—
6-30
12
7
8
5-41
12
15
15-61
6-81
15
3
1!
2-59 10-79'
10
12
5-99
1-7I>.
4-71; 2-82
9-7S
14
6-89
13
Days rain..'
Sxyannah.—
3-2-
14
I
4-93
11
December ..
GBORQIA.
Days
2-88
18
1-86 11-16
14
8
4-48
10
October
November...
Aumuta.—
Balnfall.ln
0-88
8
1
3-01
1
5-64
It
18
IS
:
\
Ualofall.iQ
9
4-30
10
70-
4-281 4-!
4-90,
10
!
10
6-17
10
larnAJhrttuJ.
3-84
4
2-34
18
8
1-97
9-00
11
I
5-lOi
3-9;i
10
I
8-07
11
i
Days rain..
OoIum^m.—
Days
Days
the
1
5-821
B'lS
18
9-41
jiustin—
Kalnfall.lM
N. CAR'-SA.
WV.mln/)t'n~
Ralnfall.ln
nays
4-75
IS
8-46
998:
3-67
9
4
Olebtumt—
4-51J
1-88
II
6
Ralafali.l.
Days rain..
Sorfoltf
aalnt'all.in
[Jays rain..
9-78
IC
4-38
II
S-3«
15
8-74
as'eno-"
Rainfall.ln
Days
1889. 1888. 1897.
8
4-90
9-07
13
Rainfall.ln
SainfOU.
188V. 18EH. 188'.
13
890
Palestine—
t
8-79
7
TENNES'K.
93-Oi
920
1-W
10
7
Rainfall.ln
8J-I
I
90-3
4H-5
8-881
4-54
Fort .S'/iii hRalnfall.ln
Days rain .
I
HiKbest...
9it7
11
19
4-07
13
I
3
IRK'VSAS.'
UttU Rock.-
91-3
71-4
Oleburne—
±u$tin—
4-00
11
8-48
16
11
1
8-21
Rainfall.ln
Days rain.
93-3
71-0
81-9
52-0
79-4
99-6
53-0
75-6
7-87
14
384
8
»-8« 8S-74
19
23
4-03
rain..'
93-0
75-0
83-1
75-0,
B6-U
SO
3-10
12
Rainfall.ln: 1-80
93-4
67-2
83-9
890, 89-0
640: 02-0
SiO, 40-0l 39-1
..
7-86
IS
ClarkHdtlU—
91-a
73-5
82-0
57-3
73-6
96-0
49-0
71-4
92-0
mKhest...
3-08
81
1
8i-7
Fort EUi^t-
Lowest
Average
8
4-«j 4-33
10
83
2
Days rain..;
9re«nvUU~
RalnfalUn
Days rain..
99-0
'O-O
81-8
95-41
3-78
18
8-13
540
3-35
11
Rainfall.ln
79-4
Pi'esfine.—
..
80
2-88
10
2-30
3
RainfalMn
Days rain..
Days
—
5
8
^ickMbura.—
76-7
TKXASc
AveraKfl.-
4-9S 91-08
1-77
6-58 10-85
14
8-78
4
rain..
MiaSIS'PI.
^olunbua.—
83-7
88-0, 100-0 103-0
eO-01 61-0, 64-0
Gilveston.—
Lowest...
8-78
lU
8
8
0-83 lb-OS
8
19
8
9 09 11-83
11
13
6-16
1
12
rain..,
SO-9
97-0 101-0
i
80-6
8
8-60
3-44
18
7-41
Rainfall.ln
64-01 74-0
I
UlKheat....
4-83
I
7-98
14
6
Days rain..
Days
8-69
1-17
rain..
90-6
72-5
83-8
4«0|
88
6
Vsiii
91-0
62-0
79-1
lOO-Ol
59-01
79-2 77-1
48-0
73-0
438
111
8
I
34-II,
8-80
19
4'7M
Rainfall.ln
910
481
IS
1-B<
Shrevtport.—
Rainfall.ln
91-0
88-5
44-0]
S-86
SI
LOniS'ANA
89-0
Sa-O
71-4
8S-0
«5&
18
9
rain..
9M-0
57-0
72 5
8^1
10
890
rain..
Rainfall.ln
99-0
90-0
79-0
'.8-59,
10
6'«6
15
«u6urn—
ro4
S'85
1
0-80
Ralntall.ln
»-70
4-83, 8-81
11
7-«0; 8-09
S
Days ralD..
Seima—
trd. OoleauRalnfail.in
Lowest
Aufutt,
IMS. 1888. 1887.
I389.l88a:l887.
92-0
99-0
79-9
620 69-11
780 bXO
6H0
91-0
52-0
95-8
65-3, 68-4
79-2
92-0
55-0
76-3
8>0l 90-0
47-0 59
71-3 74-5
4811
73-5
6i», 89-5
Lowest
July.
ia8e.li8e&^i887.
RiUn/aa.
Ti9rmomtt*r
£Iii<heBt.
409
Jttly
Angmt
38,532
88,127
23,140
a<,985
450,819
419,581
Stockings and socks..
Sundry articles
Total exports cotton mangfaotures.
1,134.80'
1.182.188
The foregoing shows that there has been e^PO^^^rom the
United Kingdom during the eleven months 1,124,800,800 Ibe.
ir, or
of manufactured cotton, against 1,1.2-2,136,000 lbs. last ye
an increase of 3,664.000 lbs.
Shipping News,— The exports of cotton from the United
States the past week, as per latest mail returns, have reached
44,214 bales.
—
.
.
.
—
«
,
THE
410
Liverpool, per Bteaniera Auranln,
_ 5, ,V
"',„-
42o
50
4,^00
if,bJO
C'HABLE.'iToN— To Bilr.el'iia. per sieainer .\rdancorracli, 3,050..
Boston— To Liverpool, per steamers Kansas, 1,425 ...Pavoula,
1,785... 80} tliia, I,4o8
To Yarmontli, per pteaiuer Yarmoutli, 62
Carolina,
Baltimoke— To Liverpool, per BteamersAlava, 500
Total
300
",214
-
rarmou th
Havre,
1,127
burq.
425
<e
hua n.
100
Anicr.
tcci'p.
1,988
742
50
......
Baitimore.
PliU'delph'a
1,104
C81
.._..,
.
62
......
310
792
Total... 23.732 12,734 3,091
freiRtits the past week have
112
100 3.650
44,214
been as follows:
Cotton
StUur.
Liverpool. Btoam
rf.
Hon.
Tuet.
Wedne$.
Thurt.
Frl.
Ta^SOss
14*932
«32
»32
932
»32
^
S4
34
^
5t
....
....
DoviaGl'ss'w.d.
c.
Havre, steam
Do
sail
Bremen, steam
Do
%
c.
c.
HamburK.
R^val, steam
Do
c.
....
d.}^ei
»18
7.5*
9l8
....
....
75-
75*
....
541
4.<
5 42
512
841
6 44
543
5 43
5 42
510 541
641
5 40
5 41
Mch. -April. 541
5 42
541
April-May.. 8 42
5 43
5 42
5 42
8 43
'5 42
i8 42
8 43
5 40
6,6
6,6
Sept. G.
bales
Of whlcb exporters took....
Of whlcb speculators took...
Bales American
Aotool export
Forwarded
Total Rtook— Estimated
Of whieb American— Estim'd
Total Import of the week......
Ot wbioh American
alloat
Sejil.
44,000
3,000
3.000
34.000
7,000
46,000
&c. at that port.
13.
Sept. 20.
CIX>BIllO
OT which American
The tone of the Liverpool market for spots aad futures each
day of the week ending Sept. 27, and the dally closing pricee
of spot cotton, have been as follows:
steady.
Not much
little
dolnjt.
favor.
J
6%
6%
Mld.Upl'ds.
T/iur$d'y.
duiQg.
Friday.
6"l8
61116
Ijt'ceoiberdf liverj
amiary delivery
May, 1S90, elivery
4
4,000
4,000
5,000
54a
8 46
5 42
8 40
6 40
8 40
8 46
5 43
5 41
5 41
5 41
841
54»
54a
541
541
6 42
8 43
5 42
rw*i.
Wed.
TKurt.
8i^
8.-.-S
8>l3a
8.1 '8
86-8
H7-S
8^-^
8«
8!)
SSI9
SOig
no's
921-2
92^4
Vi\
86\
871^
87 '4
88 "2
92 '4
91:%
Fri.
86I4
H7»4
87
c.
e.
c.
0.
November delivery
December dtlivery
May, 1890, delivery
500
500
500
400
500
88U
89 14
9289
40''3
Tuet.
41
41%
4214
.
Th,vr$.
40iSB
41%
ll^B
42-4
4mi
41%
41 '4
4138
42
Wed.
41
42U
4118
41ifl
4i:<4
42l8
Fri.
40»i
41
411a
42
Oats have fluctuated \yitbin the narrowest limits for mixed
grades, but No. 2 white has declined. The whole market was
easier today, with more doing at a reduction.
DAILY ClX>SINa PRICKS OP KO. 2 HIX£D OATS.
—
400
OP SO. 2 MIXED OOBK
Mnn.
41
Mon,
26
0.
..c.
0.
....c.
The following are the
2578
2614
2658
2813
Tuet.
Wed.
2G
I/iur$.
Fri.
2U>9
2l'8
25^8
264
Sal.
3,000
20 14
26%
26 14
26Bc
28%
2S-''4
28'>8
26 »9
26 3i
26^1
28%
£8%
closing quotations:
PLODR.
Qnlet at
^iteady si
l.«4 ad.
Vance.
)
Qnlet but
BHTelT
steady.
P. M.
5 47
5 43
8 41
Indian corn has met with an active demand for export, but
the local trade has seemed It less urgent need of supplies,
October delivery
.Vovembcr delivery
December delivery
May, 1890, delivery
6"i6
6,000
5
Market,
889
P5I4
SoM,
Very
little
dolDK.
4,000
}
Market,
2:30 r.M
Hon.
sm
Puturet.
r
6 46
6t9
PBICBS OF HO. 2 BKD WtNTES WHEAT.
o.
c.
o.
c.
o.
October delivery
Very
8 45
5 59
5 18
5 43
6 41
been stronger, although not resulting in much business for
export, but sufficiently so, aided by some other influences, to
stimulate buying to cover contracts, which became quite
brisk yesterday, promoting in turn some speculation for the
At times temporary declines
rise, especially at the We.-t.
have t4ken p'ace under sales to realize, but a quick recovery
embraced
followed.
Business
on the spot yesterday
prime to choice red winter at b7@90c., and earlier
in the week there were some dealings in sprin,? wheat, inc'udiog No. 2 Milwaukee to arrive from Buffalo at 845aC., c.
f. i., and choice No. 1 Northern hard at 93!^c. to arrive, calling for a considerable advance in the range of spot quotation s.
To-day, although large taansactions were reported for
future expert, a heavy selling movement to realize profits
caused the loss of most of j esterday's advance.
gal.
WedTiCt.
6 47
5 50
lines
8
21,000
ll,00«
81,000
55.000
Qclet but In buyers"
6 47
ers
226,00<1
Saturday Monday. Tuesday.
d.
4!i
5 60
efforts to advance prices have proved wholly futile. The
pressure to sell has continued unabated, and tlie only feature
that can be noted is the fact that white corn is again bringing a slight premium over mixed. Yesterday canal loads "of
Today the market
No. 2 mixed sold [at 41ia41j4C. afloat.
was further depressed by free offerings.
2,000
3,000
25,000
8,C0€
42,00C
4 ( 0,00c
246,000
30,000
19,000
54,000
34.000
Clot.
and
Sept.
36,000
4.i9,000
d.
too low to be executed, as sellers were not iacliued to accept
recent inside prices for any description of stock. iLocal deal-
Sat.
Liverpool. — By cable from Liverpool we have the follow-
week
5 41
d.
Friday. P. M., Sept. 27, 1869.
J
sales, stocks.
5 47
5 43
5 42
d.
The market for wheat flour has at times during the past
week shown considerable activity and strength. Export orders were much more plentiful, but many of them at prices
DAILT
»3.®'lfl »32«=ia »3a®5ie ^32^'' 16 »3i®^l(
ing statement of the woek's
860
Open H4.* Lov>.
BREADSTUFF S.
N'civi'mbi r ili'livery
h«
ha
^18
»ie
=,
541
Ootobpr delivery
=in
t,,,
Bales J
Bpec. &exp.
541
5
541
541
5,.
Genoa, steam .. d.
st«am .d.
Antwerp, steam rf.
Per 10(1 Ilia.
Qnlet.
541
541
5 46
he
he
he
he
}
5 42
6 42
5 42
5 42
8 40
5 40
8 40
5 46
5 42
8 41
.
".32
=16
,Sr^of.
543
6 48
5 60
5 40
8 42
"£2
5|B
Market.
12:30 f. M.
6 50
5 60
5 47
44
6 68
"32
=18
moaot
6 50
45
5f.O
.--.
Bjg
Bales of tbe
45
5 60
5 46
8 42
8 41
6 44
"3a
6,
"av a
d.
Sept.-Oct.. 5 59
Oct.-Nov.
5 48
Nov..Dec... 541
DecJan... 6 40
Jan.-Keb.... 8 40
feb.-March 5 40
....
.
Clot.
d.
....
B u-celon a.steam d.
Trieste.
Lou.
d.
1'S3
'^s'.:
d
sail
»18
0.6
75*
"S
9lfi-<i
....
B16
...
-...
Do via Londou.d.
Bier's
....
75*
»i«
75*
rf.
Anast'd'm, steam
9,8® Sg
Bl0^=8
..-.
....
steaMi.e.
Do vlaL.ond(jn
Bi«®5e
•le®"^
vlaLettb.d.
S^.
d.
and bakers have been buyers to a fair extent, and large
were taken for the regular West India trade. To-day
the market was quitter, but prices were about steady.
4,760
The wheat market shows an almost uniform gain of
1.785
300 strength from one day to another. Foreign advices have
8,!i7G
4.S'08
3,(i50
3,650
4,r.a8
Open
d.
Total.
50 20,737
>•«>
*•
.
lo la.
....—
.
4,306
Boston
Oent.
Copcti- Baree-
900 7,301
voof.
OlOt.
d.
•jj't
particulars of these shiptnenta, arranged in our usual
form, are as follows:
16,730
September
IJO*
The
N. Orleans
Galveston..
CUarleston.
Fri., Sept. -ir.
!26.
d.
*.
02
604
New York..
Than., 8cpt.
0p«n BiQh Low.
4.C98
To Bremen, per steamer Rliein, <>81
Phuojjelpuia- To Liverpool, per steamer Lord CUve, 300
Bremen
Uam- Anl-
[Vou XLIX.
Wedne«.,Sopl.-.2.!S.
100
p"
To Coix'uliai.'an. iwr stwiuicr Clavonia, 100
To Central Aiuerlca, per stoainer Colon, 50
Hkw OKI.EAX.S— To Liverpool, iier Bteauior Nnvlgatore, 900
To Havre, per stcaniir Havre, 7,301
To HaiiilmrK, per steamer Tliiirlngla, 425
To .^iitwtrp. I'er steamer Havre, ."JO
......
Galveston-To Havre, per steamer Cairo, 4,3<>6
it
.
1,339
Bollinln. 2,248 ...CUy of Borlli). 3,249... C'utlc. 4,512.. .
Ueniiniiir, 2.093... Hurrox, 169... LBssfll, 58....MHrcl16,/30
ano. 750....Nev-a(ln, 1.719 ...The Qiiccii. 593
To Havio. per Btoaii]. r I,ii BoiirKO)?ne. 1.127
?•;„.',
Tra^e. 1.044
^'''„„
To Britiiiu. refBteaiueis Ems, S.")2
9.2
T." HniuhurK. rer tteinier California, (iddlUonah 92........
492
ToAnlweTi>.|iirBleHim'r.'»Bcli,'enlaiiil,250 ...DeUiiytor,742.
Liver-
.
LOJNIC Lh.
Total bale*.
Kbw York—To
—
:
.
steady.
J
Quiet.
Quiet at Steady at
partially
a decline. 1-Bt adv.
partially
1-64 dec.
Very
Qnlet.
steady.
Steady.
Quiet at
lJi4deCllDO.
•
Steady.
The
openiat^, hixhest, lowest an I closing prices ot futures at
Liverpool for each day are given below. Prices are on the
bat'lsof Uplands. Low Mi.ldl'na;cUusv>, unless other wise stated.
aat., t^pt. -il.
open
d.
6 49
Bept.-Oct... 6 62
Beptember
«.
6 4»
6 40
d.
6
41)
.
a
6 42
5 42
5 42
H^ B4« 6 42 6 42
Feb.-March 5 43 642 5 42 6 42
Mch.-April.'842 6 43 5ie 5 43
J»n.-Feb....
Apm.May..i6 44
Sept.
Low. aua. Open BPlh Lovr.
d.
S62 B«2 5 62
5 48 6 48 8 4S &4R
Oct.-NoT.
Nov.- Doc... S4S 6 43 5 4.3 5 48
Dec.- Jan... 6
Itlon.,
5 44
5 44
8 44
d.
d.
'.23.
650 6 50 618 6 48
5U2 5 02 8 61 661
I
6 47 5 48 8 4- 6.47
6 43
5 42
5 42
42
6 4.S
6 44
5 43
5 42
6 42
612
5 41
6 41
5 42
5 42
6 43
841
S4t 6 43
Tnei., 8ept. 'H,
6 43
6 41
541
6 42
5 43
5 44
Open High tow.
Oloa,
d.
criM.
d.
d.
d.
a.
6 45
5 60
5 46
5 42
5 40
5 40
8 45
6 44
5 BO
5 40
6 42
5 41
5 41
5 41
5 42
5 48
5 43
8 00
5 4H
5 42
541
541
—
aB.UN.
Wheat—
c.
Spriutf, per bush...
Bpriuf; No. 2
Red winter No. 2
Red winter
..
White
0.
Corn-
0.
Western white
9 94
a 86 RyeWestern
8619a' H7^
t9 bu.
State and Jersey
74 » 90
Oats-Ml.fod
80 a 90
White
39 « •11
No. 2 mixed
40 'j a 41
No. 2 white
40 a 42
77
85
.
40
50
53
e.
a 4ir
a 53
a 5«
24ifli«
•2:'a
Corn— West'n mixed.
842
Exports of Breadstuffs for August, 18S9.— The foUowmg. made up from the statement issued by the Bureau of
Stati.-itics, shows the exports of domestic breadstuffs from the
undermentioned customs districts of the United States for
the month of August in 1889 and 1888, and for the two
S4U
541
5
5 43
—
6 44
6 60
5 46
5 40
6 41
5 41
$2 00a$2 60 iSoutbem cora.extriis. $3 00» 3 50
2 403 2 80 Soiitbem bakera* and
Suoerfine
o^.^
' ., ^^«
4 00» 5 00
family brands
8 pi-in g wlieat extras. 2 60 a 3 00
Minn, clear and sira't. 3 50a> 5 00 Rye tloar, 8Ui)erUue.. 2 75 » 3 00
2259 250
Fine
Wintersbipp'Kextras. 3 00a 3 50
WinterXX.audXXX. 3 609 4 40 Corn meal
2 609 2 70
Western, &c
4 25a 5 60
Patents
2 75ff —
Brandywbie
2 40a 2 80
Soulbem supers
Buckwheat Flour per 100 lbs., $i 25 3$2
|J bbl.
Fine
41
5 41
5 42
5 43
West'n mixed No.2.
Western y ello w
month's of the
fiscal
year 1889-90
27
20
2i
a
a
a
:i5
27
29
•
—
f
1
September
;
THE CHRONICLE.
28, 18g«.J
Tbe exports from the
Augiut.
OrKnUtufsExpU
endioK Sept.
Two Months.
1888.
Qu'ntUUl
(tu'ntitUs
QuantUiet
Mxportt
Flour.
Oait.
Buth.
007,793
103,y2U
Bbt:
JituK.
89,479
Nbw York
Phlliidelpliia..
21
Baltimore
New (Orleans..
28
U
»
X*ac. cust. dl«t8.*
Other cus.dlHts.-i
30,007
27,744
14,903
118,108
9
63,297
Tjtal, barley
Corn, bush.
liJ,S21
80.009
27,744
11.993
113,153
63.831
8,898.428
1,071.106
1SI.75I1
51,iiU5
1,343.048
453,794
2.420.801
434,691
5H0,rHl
7ju,00l
:U4
2B5.<29
760.518
260,281
23
B3.S93
2I1.4H2
6,336.966
3S3.«11»
114,4110
805,;i8i!
.320,21)8
Vork
Boston
Pblladelphia
Baltimore
New Orleans
Pac. cu3t. dists.*
Other cus.dtsts.-f
Total, com
Gorn-ineaL
C9,333
6,011
113,111
535,5H1
l,09-,753
l,Blb..W3
2.13.408
^0'^.O78
2,47,S
1.7t6
1,878,041
710.690
6.060.030
29.989
13,004
85,818
51.768
1,816
2,10'
4.291
158
I.
506,195
244.069
2,829.47';
762.747
bbls.
9,649
10,487
8H.472
28.923
42
10
43
U,HO0
"'3,842
14,33«
41,0,'iS
14,4311
81.583
1,867
New Orleans
14
Pae. oust, dlsta.*
ous. dUts.-)-
Total, corn-meal
Oats, buah.
22,335
9,529
23.964
72.574
64,398
167,160
6.866
8.173
243,750
73,881
445
274
1,604
7if5
811
21
1.056
1,17
Philadelphia
Baltimore
New Orleans
Pac. cust. dists.*
10.136
510
223.108
Boston
8S
67.8.36
8li,23;
34.800
New York
21
1.050
60
2.500
2i
18,531
43.807
2,512
-f
9
4
3
51
20
6,S50
12.968
8.f03
S1,81S
1.811
7,975
81,143
95,053
29.501
24,804
32,936
Other CU8. dists.
..
91.71,5
168,777
32".829
.
l.'j.OOO
102. H7«
Balilm'ro
2:13.206
N, Orl'ns.
95-i.08S
11,422.421
411
102,0k8
422,205
»-t5,01s
2,235,459
New York
Boston
Pmiudelphla
Baltimore
Boston
13,236
424,233
130,011
884
116,400
29
2,819
369,092
814,836
8,118
31.246
Total, oats
OatTne<tl, Iba.
New York
71.300
Boston
1.580
7.317
18S!.tf30
Philadelphia
Baltimore
New Orleans
Pac. cust. di»t3.*
aU.560
195.788
232,82
al.
hlctiui'd
.
Tot. week.
S'liie
408,960 I,411,37S
1888.
3.722
Do
hnah.
2,77K,0:.l
102,900
afloat
Albany
Buffalo
1.065,275
Chlca);;o
1.9.i«.5 13
Milwaukee
Duluth
413,5'29
747.076
Toledo
1,226,(135
Detroit
184,281
42,000
1,514,033
O-iwejiro'
St. I'OUis....
AtIo.M
Clnciunati
RogtoQ
Toronto
200
6
431
18.300
30,201
131,184
8,08.-
J.289,668
72,451
Kannuti City
73,778
33.375
7,000
4,200
261,131
183.429
Baltimore
Mioneapolia
^fontreal
PhlladolpUlat....
Peoria
(ndlanapoUg
New York
Boston
8t.
Philadelphia
Baltimore
New Orleans. ..
Pac. oust, dists.*
Other cus.diste.t
119.671
Total, rye
Wheat, bmh.
New
York
Boston
19.984
5^.350
7,000
1,519,895
l,673,7i'8
1.058.419
4,200
1,566,246
66.315
300.0161
1.470.937
71,780
178.'36,'i
858,133
6,552,431
9,U0H,775
1,383.548
804.804
240,430
875.101
16.897
635,496
27il,3fl4
425. 130
i,;uM,2;5
2.8',!6.»53
519,072
43'1,042
453,978
2,448.038
407,835
Total, wheat
0.6GS.380
6,677,598
?,210,144
359.877
141.810
41.392
1.674.9^5
327.519
20;.ijl5
293.155
•/
Philadelphia..
Baltimore....
New Orleans..
861.340
124,1.51;
Mb,o23
54.4»»|
1,09j,B71
14,033
17tf,KS>4l
ether cus.dists.-^
1.018.73':
414.831
4.957
613.995
4H8.098
79.933;
318,:)81
106,548
433,445
163,194
874.932
3,894,696
1,857.;35
8,9,-5,237
3.4')»
]
Totals.
New
York
Boston
2.81(4,230
4. '3.3.172
1,299,050
551.287
2.785,39J
l,12o,460
1.313.714
3.682.107
2.353.141
13,160.752
12,108,738
.
Pac. cust. dists.*
Other cus. dists.
1.970,21
Ora*id total.
*
2.!<99.S13
784,952
1.-.IHII.T85
Philadelphia..
Baltimore....
New Orleans
Value of exports from
Pacific districts for the
Oregon, Oreuon
Puiret sound, Wash'n Terrlt'y
San
^
8.326.131
2.110.457
1.054.915
7:5.149
3,743.184
963.416
510.471
4.414.862
Francisco, California
22.970,697
month of August,
1859
Willamette, OreKon
124.270
:
1,837,867
I
$10.8,587
Total
Value of exports from other customs
»1.870.724
»3.209
471.801
districts for the
month
of Aug., 1889
Dulutb, Minn
Huron, MichlKan
Miami, Onio
248,600
90,437
153,970
Milwaukee. Wis ...
Newport News, Va.,
Portland. Me.
Uichmood, Va
Brazos, Texas
CticaiiO, 111
Detroit, MichlgaD
279.«.'>0
$8,810
3
42,475
,
Total
$1,399,050
NoT».— This 'tatement includes about 98 per oeat
articles named from all ports of the countrT.
The movement
of the entire exports of the
market is indicated in the
etatement below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western lake and river ports, arranged so as to present the comof breadstuffs to
parative movement for the week ending Sept. 21, 1889, and
since August 1, for each of the last three years:
Rteeipts
at—
Whtat.
Flour.
OOTTl.
Oats.
Borleu.
Bbls.^mibt Buth.eoibs Bush.Seibt Bush.S2lbs Bush.48
Ohlcago
Milwaukee...
Doluth
97,690
38,778
61,390
Minneapolis.
Toledo
.
Cloveland.
St. Louis
Peoria
Tot.wk.
Same
Same
1
4,297i
Detroit..
.
.,
'80.
wk.'88.
wk.'87.
S<nce AuQ.
1889
1888
1837
677.621
183,240
069.183
846.450
220,572
2,'370.776
1,081.333
) 1,740
52,573
36,000
Ibr
373.137
210,670
Byt
Bu. 58
lb.
111,073
11,760
*
t
131,971
24,293
161.734
029
44.535
464,033
10,379
154.070
63.068
41.000
19,000
172,400
277.315
]36,0C0
247.686
275.075
252,059
2,974,645
2,805.440
2,864.891
2,746,173
3,119,047
2,689,697
2,669,301
1,055,456
100.233
269.113
37,576
1.751.605
25,409.290
17.830,337
1,771,309
1.031.924
1,834,660
26,978,419
19.944.318
25,570.494
16.963.465
17,743,100
2,000,701
1,309.833
15,392.817
17,006,802
4,103,764
379,777
1,«5I,060
14,003
0.263
4,023
59.899
41.400
698,412
776,251
....
805
26,863
2,750
1.
1,807,030
17.947
159,071
35,381
40,112
19,512
366,298
19,680
buth,
0,«7a
10,000
'iV.ooo
48,100
634.153
86,062
61,535
6,695
"5,27i
154.962
103,930
""'54i
271,619
43,701
B,35l
41.000
4,115
20,000
117,221
16,ia3
42,196
315.779
102,606
24.719
89.087
120.730
112,832
30,000
"i'.ooo
614
26415
22.158
61.970
25,853
's'oieie
26',495
"8,590
3,646
1,600
1,513
22,238
41,900
474,832
433.333
256,452
301.277 956,536
510,636 1,378,034
Last week^s stocks— this week's not received.
Fndaj '» stocks— S.iturday's not
received.
THE DRY GOODS TRADE.
New
Yobk, Friday
P. M.,
September 27, 1889.
The past week has witnessed a lessened movement in dry
goods from first hands, the intervention of Hebrew holidays
having caused an influential class of buyers to hoi 1 aloof from
the marKet in the latter part of the period under review.
Very fair re-orders for seasonable goods were, however, received from distributers in the West and South, and encouraging reports concerning the progress of the fall trade in the interior came forward from day to day.
There was a fairly active demand for a few specialties in spring and summer fabrics
by large jobbers, and some very liberal orders were placed (tor
future delivery) with commission houses and importers. The
jobbing trade has relapsed into a comparatively quiet condi-
but a fair distribution of staple and department goods
local and near-by retailers having been their principal customers. Prices remain steady
and the main features of the market are substantially
tion,
was made by leading houses,
unchanged.
Domestic Woolen Goods. Men's- wear woolens were in light
and irregular demand at first bands, business in the latter part
of the week having been conspicuously quiet because of the
small representation of wholesale clothiers in the market,
operations on the part of many having been checked by the
Hebrew holidays. Spring cassimeres and worsted suitings
vfere only in moderate demand, but leading makes are well
under the control of orders, and prices, though low and not
very remunerative to the mills, are for the most part steady at
—
Heavy cassimeres and worsteds were in
improved demand by cloth and dry goods jobbers, and
light re-orders for certain makes were placed by the clothing
trade. Overcoatings and satinets were shipped in moderate
quantities by the commission houses on account of back orders, and there was a light business in Kentucky jeans.
Cloakings were in fair request for the renewal of assortments,
and there was a good steady movement in soft wool and
worsted dress goods at unchanged prices. Flannels an<S
blankets were jobbed with considerable freedom, as were
shifcvls, skirts and carpets, and there was a light duplication
demand for these goods at first hands.
current quotations.
slightly
2,758
6,662
34.896
2,225
3,289,968,
94,5,738
42,6o6
319.415
58.099
4,490.095 2, 160.083
4.739
6,821
275,934
1,050
156,201
118,969
7,974
81,788
75.000
207.740
61,331
5.000
309,618
BarUu
buth.
429,323
1,534,345
105,000
18,343
277.065
46.755
1,261,390 2,593.895 1,331.370
86,100
1,888,000 2,016,900
303,4»-0
2,171.318
24.930
1,111,407
740,135
llO.Oat)
Total,wheat-flo'r
249.131.
63,>-24
4,WC12,«45
Pac. cust. dists.*
2.r59
148.155
50,000
3,062
51,673
24S,«78
487,837
23,786
2C8.349
221,448
Oait,
hutk.
1,031.093
153.100
30.000
T)t.Sept.21.P87. 30,162,908 7.258,903 1.354.279
rot. .Sept. 25, •SO. 49,196,431 13,955,791 1,869,823
bbu
Boston
38,024
Tot, Sept. II, •89. 17,196,572 12,662.727 5.H28.570 1.132.895
rot. Sept. 14,'S9. 15,697,456 12,8;)1.9S0 5.915.941 1,074.838
9.960.609 5.927.979
679.>)71
r'it..Sept. 32, •88. 31,011.176
3,163,319
1,410.743
1,633.H75
Whe^it-Jlour,
Paul
8,406,961
51H.S24
1.534,909
331. 1«8
New York
165,413
2.439.165
517,940
l,633.8f5
427.830
2.4«5,H53
731.303
S17.t<50
1,2^0.;^S1
17t<,285
308,036
2,677,243
011.9*1
517,940
1,488,457
Philadelphia
21,663
19.984
612,003
1,890,797
551.M21
3,0>2,"50
20J.«a8
«12,n05
Baltimore
New Orleans
Pac. cust. dl&ts.*
Other cus.dists.t
"
On Mississippi...
On lakes
On canal & river.
48.>93
40,895
Com,
huth.
Wheal,
In store at—
New York
964,030
Total, oatmeal..
Rue, buah.
8,000,
grain, comprising the stocks in granary
at tbe principal points of accumulation at lake and seaboard
ports, and in transit by water, Sept. 21, 1889:
13,700
65
113,111
211,251
The visible supply of
S04
Other cus.dlsts.t
197,993
723.306 1,001,511
time
4i0'
32.616
20
4'
20,260
N.NcWK..
10,000
1,087,170
Peat.
BuMk.
1,423
23,857
61,557
l,il7
Montr,
20.982
:8
e99.37o'
Bve.
Bulk.
e.ooo
Poi'tland
PhlliMlpl
New
Other
Com.
...
Boston
several Besboard porta for the week
shown in the annexed statement.
21, 1880, are
Wheat.
from—
BaTUy, buah,
N6W York
411
.
:
THE CHRONICLE.
412
Domrsnc Cotton Goods. —The
exports of
[Vol. ZLIX.
Importaltona of Dry Goods.
The importations of dry goods at this port for the week
ending Sept. 26, 1889, and since Jan. 1, and the same facta
cotton goods
ibis port for the week ending September 24 were 1,964
packagfs, ralMed at |127,210, their destination being to the
points specified in the table below:
from
for the corresponding periods of last year are as follows:
Kbw York
1888.
1889.
to 6ew.
24.
Week. Since Jan.
Week. Sine* Jan. 1
166
60
56
Great Biitaln
other Kuropean
CUna
India
"ibo
Arabia
2
207
136
495
663
59
Africa
Weal Iodise
Mexico
Oeutral America
49
7,296
1,415
32,203
4,191
4,366
3,690
10,815
3,038
4,831
28,647
From Mew £nelana mill
9
2,716
10,407
3,975
4,433
25,877
1,793
1,'t
869
45
176
290
i\
7
102.723
45,235
1,324
1,324
M
a
a
CK)
*>to
O-M
to
1888.
1887.
Sepl. 21.
Sent. 22.
Sept. 24.
173,000
64,000
62,000
75,000
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ICOOOSCOCO
u
M
s
Laws and
Under Ihe
Mtatntes ot the 8tate et
New York.
business and objects of this Society are tc
Uaociate into a Society or Guild, the best ano
most capable Puhlic accountants practicing in
the United States, and throuKh sucb Association to
•lerate the profession of Public Accountants, as s
Whole, and demonstrate their usefulness by compel*
lbl« an eitamination as to fitness, and the obserTanoe of strict rules of conduct as a condition Oi
Banberstaip.
CODNCIL,.
James T Anyon. N. Y.
Thomas
I«<llB
Bagot, N. Y.
John Helns, Philadelphia.
Mark
C. II.
C. Mirica.
N. v
eeorge U. Church, N.Y. Walter
James Yalden, N.Y.
rELLOWa
James
T.
Ut 'IHE ASSOCIAllOlf.
Anyon. l.ouls M. Berirthell, Thomai
Bacot, James Cox. William Calhoun, tieorge H.
Church, C.W. llHBklns. K. K. .Munro, Marit C. Miricl,
O.H. W. Sibley, lleury M.Tsle, William U.Veyeey.
WalUr II. P. Veysey, James Yalden, New York
Btehard K. Steyeus, Jersey City, N. J.; Horace D
Bradbury, Rodney McLaughlin, llenry A. Piper'
Beaton^ Mass.; John W. Francis, John Ueins, Henri
KaUj, Philadelphia, Pa.; Brie M. Nobie. Washing
ton.D. C.
OMceaol the Aaaoclatlon, Ko. IKO Broadwar, KeoDi 31 lUlh Floor), Kew York Clii
WILLIAM FRANKLIN HALL,
244 Wagliington
St.,
ISOTAKV PUBLIC.
STOCK
BROKERS.
ISO' to en
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3
M
W
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00 St
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to
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F.
BIaANKINHOBN,
Cashier.
CANDA,
H. A. BUITH,
Assistant Cashlai
The Western National Bank
OF THB
NEW YORK.
CITY OF
CAPITAL,
1(3.900,000
CORRESPONDENTS:— Importers' & Traders NaBank and Chemical National bank. New
York
Merchanu' Loan & Trust Co„ Chicago
Union Bank of London. London.
Accounts respectfaJly lollcited. Interest allowed
on deposits of Banks and Bankers. The tuna
bankinff faoiiittei extended to customers.
Island City Savings Bank,
Orders for purchase or sale of seoarlUei wil
reoeire carefoi attention.
Foreign Exchange bought and sold. FaoUltlM tor
keeping accounts in Sterling Bxchantre, subject to
draft In kind, will be afforded. The methods of rooelTlng such deposits and making payment agalnat
tional
;
GAIiVC:8XON, T£XA9.
Capital,
SlOO^OOO
Surplus, SIOO.OOO
|
Transact a general Bankinff Business in all tts
branches. Buy and »p1I Foreign and Domestic Bxcbange. Make Collections on all available points
In Texas.
Hemittances and Telegraphic Transfers
made at liberal
rates.
them
be sabjeot to artangement.
will
BILLS DRAWN ON
THBNATIONAL PROVINCIAL BANK)
OF BNULAND (Limited,)
i London
THB UNION BANK Olf London (L'd), 5
(-
HEINE &
CO., Farta.
JOHANN OOLL * SOEHNE,
J. S.
Alexandkb,
Pres.
A. A.
Alexander, Cash'r,
Texas National Bank,
SAN ANTONIO, TEXAS.
Frnnkfort'On*
main.
BLEICBROEDBR, Berlin.
SCBWEIZERI8CUE UNION BANK, St. Gall.
F. BLANKENHORN. CuriUar.
8.
COLLECTIONS AND INVKSTMENTS MADE.
Correspondence invited.
HERCUANTS' NATIONAL BANK,
RICHmOND, VIRGINIA.
Collections made on
terms; prompt returns.
John F. Olinn.
all
JOHN
Cash.
Southern
P.
tK>ints
on best
BRANCH.
Fbed.
President.
iLSCOTT. Vice-Pres.
ot
Investors' Agency.
M. U 8CUDDUR. JR., PROPKIETOB,
240 LA SALLE ST., CHICAGO, ILL.
THIS AGENCY
reports upon the affairs of Corporations—Railroad Companies especially— for
clients who may be aaaual subscribers
WALSH & FLOYD,
NO. 26 BHOAI) STItKET,
to
Oi
QD
Vlce-Pres't.
The
ACCOUNTANT.
Creditors carefully arraneed.
1
Assets State Debenture Co.,
43 NETY STREET, NEW YOktK.
CapltalK^ral iaaue
...
•300.000
BLOODGOOD, President,
SBLWIN TAIT, General Manager.
H. K.
Boston,
BookB and accounts audited and sdju8t«d
SettleDieiiL of msolvent estates on behalf
X
00
acDtPW^
Id
CO
N. Y.
W.
Sibley, N.Y.
H. P. Veysoy. N.T.
00
03a-jo>p
cobccVto
MK, CO to to
*-ocoaco
-JtOtOCCO
(XOM-IOS
CK.
B
g
President.
M. UerglUeil, N.Y. Rodney McLaughlin, Boi'.
WiUlam Calhoun, N.Y.
ji
cr-a/c'ab
OS
,^x*-cca
OCIO
B
B
tf»>OD<HO*l
^coc*to
CHAIU.K8
8. 8. Jkwbtt. Pres't. Wm. C. Cornwkll. Cash'r.
8300,00U
Capital.. ..9300,000 Mnrplna
This Ban* has superior facilities for making Collections In and out of the city on the most libera)
terms, and with careful attention to the best inter
OFFICERS!
Prealdeni— JAMKS TALDKN, New York.*
Vice-Pren.-JOUN UKI.NS, Philadelphia.
Mec.-JAMES T. ANVO.N, New Yorli,
Treao.— WM. U. VKYSKY. New York
b
to
OONKAD N. J OBI>AN
eats of its correspondents.
The
H
1
^tuauciaX.
of Buffalo,
BUFFALO,
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lifiuauctal.
Bank
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the sources of supply in Europe.
PUBLIC ACCOUNTANTS
X
59
Mm*- CO to
«J
cot-'OQD^^
CD0i(Ct-'O
a M to at
« 01 CI- to
00
woe 05-1 1
a CO 01 ^J Oi
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00
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to
Srt
09
;
Imesrporated AnKnat aO,
*
M
c: 10 CO CO
MCO
FoEtioN Dry Goods. — Importers have experienced a fair
demand for a few descriptions of spring fabrics, and some
considerable importation orders were placed
but seasonable
spot goods were mostly quiet in first hands and less active in
jobbing circles. Prices continue steady here, and firm at
OF
j
»-»
374,000 170.000
Prints were in moderate demand, and a good business was
done in finelight dress girghams, seersuckers, zephers, chambrays and white goods for next f pring.
American Association
J
ODOD
03
>•
16,000
^itnancial.
*.«!
If
-4--1
57,01U
20,000
84,000
15,000
229,000
Total stock (pieces)
a
w
^
t^-
J
"
5
«!
COX
UDO
OiW
c
I
t3
00
M
CO
c
J
J
C CCiC to QO
<».rCl^C0O
lb>M
03
S:
M
t»
^1
Sept. 25.
None.
1
H
B
to
»
aoo
°
OCQC
1889.
Providence speculators
Outside speculators (est)
Wool
MiBcellaneoiuB
Si
00(0
V£
,
15,000
None.
6,000
Cotton
1
anufaotures
"0.
»
City
f-
of the New York exports since January 1 have
been |6,171,496 in 1889, agairst $6,626,896 in 1888.
Operations in plain and colored cottons were continued on
a moderate ecale by jobbers and the manufacturing trade, and
Fine yarn brown
prices ruled steady on most descriptions.
sheetings were in fair request, but course yarn goods
ruled quiet. Bleached shirtings, wide sheetings and cotton
flannels continued to move steadily, and a good business was
done inshirtirg domets, but colored cottons, as ticks, denims,
fancy duck, cheviots, checks, &c., were more or less sluggish
in first hands. Print cloths were lightly dealt in and 64x64s
are easier at 8^40. less 1 p. ct. while 56x60s unchanged at 3i>^c.
Fall River maimlacturers ...
«c»o
» CD ^
CJ JL
teo
;9,000
7,000
None.
u
Iscellaneous
ll»tO»-t.->M
JOO
c-
31,'i79
points direct.
Held bv Providence manurers. 208,000
Flax
Wool
Cotton
•^
K>
«D
to
141,072
alotht—
Silk
M
—
<tlUl
109,793
147,958
<b
,
The value
Slock of Print
D
8
o
I
s
Flax
IP
6.478
X
10,28")
3,896
Total
E 2g
^s
= 2:
S8,.591
1,964
1,932
Total
• Clblna, via Vancouver
H w
»
t
3,390
1,»45
16
156
104
100
2,231
1.
;
And
handles for collection Defaulted llonds,
Uacurrent, Stocks and Securities, and kindred
labilities of Corporationa.
J.
The Directors are prepared to purchase, for cash
assets of Insolvent estates, and to make adtrancea
on approved securities.
Bankers, Lawyers. Executors and Trustees wUl
Bud the Company an adTanta^eous mediuna for the
prompt disposal of assets of every description.
The Directors ifre also ready to undertake the
of estates or properties for minors,
non-residents or others, and to close and wind up
management
estates.
Prospectus may be bad on application.
@FedFRASER