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HUNT'S MERCHANTS' MAGAZINE,
REPRBSBNriNQ THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
SATURDAY, SEPTEMBER
VOL. 47
29.
NO.
1888.
Week Sndiit« SejittnJber ».
Week mntrt
5Jlte Cl^lxf0mclje.
1888.
Terms of Snbseriptlon—Payable
In
Adrance
For One Year (Inoladlng postage)
$10 20
For Six Moiitbs
do.
6 10
European BtihflorlpHoD (Inolndlns poBtaee)
11 28
Kuropean SubscriptlonSixMonth't (iDoludlng postage)...
6 64
Annual subscription in London (InoludlnK postage)
£2 7s.
Blx Mos.
do
do
do
«1 Ss.
These prlMS Include tlie Isvestors' Sopplembnt, of 120 pages
lesued onoe In two montlis, aod furnislied witliout extra charge to
Bul>8Ciilit>ri< of the Chboxicle.
Babscriptions will be continued nntll definitely ordered stopped. The
publishers caonot be responsible for remittances unless made by drafts
or Post OllJce monej orders.
A tile cover is furnislied at 50 oents; postage on the same Is 18
cents. Toiiunes bound for subscribers at SI 00.
Terms
of Adrertising.
ArtTertlsements ordered for less than one month, In the Commercial
& FtSANCm. CiiRO.Mci.E, are puhllshert at 25 cents per line each Inseraon. When orders are itetiuitely (riven for one month or longer, a liberal discount is allowed, and tlie net pricei may be obtained on appliimtion at the olllee. The lowest rates on perm inent cards detlait' Iv ordered for one year are 8 cents per line each insertion, making $58 for
one mch space one year. Space is measured In agate type -14 lines to
the inch.
London AKenta
IStocJu
iCotton
tOrain
(Petroleum
each.
England..
Co., PnblUIier*,
NEW VOKK.
Post Office Box 958.
CLEARING BOUSE RETURNS.
(418,—
(-60)
(32,933,
(81,740,
4,lT!l,6uO
88.417,618
4.303,800
1,888.508
1,SIS3M
1,17W.4W
l,0eH,!<8»
(-39-6J
ei.96!l,3I4
-4-1
+84-7
I-10-8
4.n0,800
I30e.l»^8
1,187,687
MlS,l6S
1,007,870
-10-8
I.0S3.1:IV
l,27I,liOB
9«.S73
-H3H
9«e.l8^
9;i,861
l,(i6e,9)<3
t-191
1,I8M80
5II0M1
614,940
-fI6-4
«84,4il4
41-8
-8-7
(4-8
44;8
44-»
411-0
98,611,738
41-8
69 775,»33
+11-8
86,114,400
98369,280
PltUbnrg
TO.438.a«0
10,384.748
Baltimore
ll!,4es.0u0
18,48il.U0^
-0-1
18,634,007
88,517,IS7
83,880,100
+9D\
83,064A<8
49-8
•4,1Z4,e81
».«&e.7S0
4,1H8.44S
68.7('6,678
63.846,188
4300,030
-8-8l
—
3-8|
8.9».a<e
S.749.0>I8
-f5-3
1.7-.!8,eCH
l,639,^(»
8,145.136
2.24B,a76
1.326.»a9
2.»98,215
-16-11
47-7
-6-3
47-0
41-6
—8-
ToUI Middle..
Chloaco
Cincinnati
Milwaukee
...
Detroit
Indianapolis...
Cleveland
8.429,afiS
Columbus
2,448.VU2
1,474.749
Minneapolis...
S.2;:h,4u8
4,4711.543
Denver
2.lr;i6.IU-9
8,149.549
3,814 3«2
648,44'
3383,138
St.
Paul
Wichita
Uoluth
Topeka.
2.420,782
8^1,476
109316.916
101,790,184
St. Lonls..
St. Joseph...,
19,797.673
Orleans..
6.9tlM,493
New
1369,318
+6-»i
+9
-r91
+118
-(ISO
lo,6<»,'<08
9.UI 9,201)
43-'<73n7
4.1^7.632
l.a86,W'4
8.0M3,464
2.387.962
1.44.'i,737
8,53h,793
4.48a906
4.15:i.U99
497,445
6^4,103
1,896.038
292,759
6-i4,-;49
48-7.
10,886.900
Peoria
Total Western.
A
(4ao-2i
(-8-4)
(43e.('00)
(63,4473601 (tl(»-8!
I8U366,OUO) (-59-6)
(1,9283141
63,039,401
11,018.788
Philadelphia..
Grand Rapids.
TTILLIAII B. DANA &
WnXLUl B. UASX
NA. 5
102 IVUIIam Street,
fOHN O. FLOTD.
643.1 63 JS63
84.a4B,887
New
48-8
-H5-7
(1»,«XI,000|
Lowell
Cm(
{+e-8«
l-a-a,
(31.llbW.SX6)
BDrtnitfleld...
P.
(8031,1871
-
bblt.
New Haven.,
Portland
Worcester...
Sevt. la.
e(S«,048,314
bntes,
Beaton
ue&
788,313.475
bvthela.
Providence..
Hartford
Total
P.OeiU.
(«,SM,71I)
(S9^iU0l
<liar«f.
Omaha
Messrs Edwards A Smith, 1 Drapers' Gardens, E. C, who will take
Dbscrlptlons and advertisements and supply single copies of the paper
t Is.
New Tork
Saluof—
1,214.
-8-1
-8-5
481-3
417-8
48-7
410-8
-8-8
-8-8
—85-9
—7-8
436-8
-I-36-2
8.886, '84
i>3' 9.281
-h3«-6
S,0r 2,6X8
-f9-8
857,774
+7-4
108,130384
44-4
+191l|
20.003,218
1.17^.665
6.396.463
6.468.777
418-7
-0-7
-8-3
491»
414-7
—7-7
-flOS
-84-4
16,517.821
1.470,376
6.n37.3a6
4.674.463
6.708.003'
I.S5H.527
l,nss.8y8
788.687
4*0
-6 9
+4-8!
687,134
64.^.>'82
6,8«l,77»
4-24-7
further gain in the volume of specijative transactions Loatsvilte
15-7
7,754.8S2
S,S-.».647
Kansas Cltj..
-I-3«-8
-8»8
l,8ie3 5
9)l\141
on the New York Stock Exchange during the week under Memphis
—8-8
-13-6
1,198.1H7
1388,943
Galveston.....
-10-4
660,071
-87b
663.089
review has greatly stimulated bank clearings, the total at this Norfolk
-(-18-4
city being one hundred and nineteen millions of dollars in
43,800,119
47D
38393,018
43.369311
Total Bottthem...
4-5-0
excess or a week ago, whi'e in the aggregate for the whole San Francisco
16.075,219
16,306,370
17.993,688
country the gain compared with September 15 reaches |12o,1,118.437.836
991376,140
481
Total all
-(-5-7
111,952.
The dealings on the Produc?, Cotton and Petroleum enuide New Tork.
3et,l83,»'6l
338387,886!
345.15V3U1
Exchanges all show a falling off from a week ago, operations
Our usual telegraphic returns of exchanges for the five days
in breadstuffs exhibiting an important decline.
The cereal
been received and are given below. In comjiarison
have
crops are being marketed with freedom, but the movem nt of
cotton is much behind last year. There are various cau-eg with the similar period of last year the aggregate for the
which account for this: one of them is the prevalance of the seven cities exhibits an increase of 11 '4 percent. The estimate
yellow fevor, but another of great importance is the retention for the full week ended September 29, based on these tele
of the staple on the p'antations and in the gin houses on ac- graphic figures, points to an excess over the week of 18S7 o
count of the unwillingness of planters to pay the increased about 10-2 per cent. Messrs. R. G. Dun & Co. rep3tt the
ntimber of failures for the week ended to-night as 220 (186
price for jute bagging.
Contrasted with the corresponding period of
the pres- in the United States and 34 in Canada), against 228 last
1887,
ent re ".urns record an increase of 13'3 per cent in the aggregate, week and 195 for the same week of last year.
the gain outside of New York teaching 5'7 per cent. The only
Week Aid'g
We«k Ending SepUmber 29
Bstunu tt TeltgnrH,
losses of importance this week are at Memphis, Norfolk and
"Wichita,
and
at the
two first-mentioned
1887.
citi-s the decline is
due tj the delay in the marketing of cotton mentioned
New Tork..
above. As usual there are some clearing houses which ex- Solo of Slock (<liar<4)..
hibit large percentages of excess over a year ago, and in this Boston
Philadelphia
particular Denver leads with 36'8 per cent, and is followed by
Baltimore
Duluth 32-6, anl Hartford and Louisville each 24*7 per cent.
Cblcaxo
Pursuing our usual m<;thol of deducting t<voand-a-half SULonU
New Orleans.
times the marktt values of the share s ilea at the New York
Total. 6 days.
Stock Exchange (which were 1142,262,000 and $105,808,000 restimated 1 day
spectively in the two years) from the total clearings at New
Total fall week
York, we arrive at the exchanges ascribable to other business, Balance Conntrv*..
donbtles-s
.
which are $406,658,475 in 1888, against $394,528,814
an increase of 3'1 per cent.
in 1887, or
Total week.
•
ror the
fall
all.
S06,S393:6|
P. Cmt.
469.676.93;
410-8
(4163
1888.
Sept. 88
P. Cent.
633.705,083
+16-7
,8,011,1921
(47-0)
7I,43'>384
68,1 -0371
+4-0
41-i
(l3io.*)i.j
70,366,479i
(1,126061
60,140,802
48.42H337
44383.690
48-0
10,368,1
417 3
10.00(1,194
43 8
4188
14.1:<S.734
8,842,008
48.099.000
11.040.944
.I
M3W.0i<0
ia3e438<
416-8
-10-8
8038,433
47-t
411-4!
47-71
M437S370
4IS'«
188.104306
410<
~io7 l,6ia380,«M
100.r8t,aa8
418-1
4«-l
410-8 1.113.866,1181
4U-S
94.681,000
4386.604
6,141.890
'709,9S6,«!»
«88.e74.73S
168.46 i,379
166,431340
877.719.036
100,488.384
793ri0e.275
978.167.400
887316.801
week, based on
last
04,410386
week's retaraa.
4170
418
-t**
4*0
THE (mRONICLE.
3B6
THE FINANCIAL SITUATION.
The bond purchases by
the
Government
for the
week
with the
endine Friday night have been $7,706,750 which,
about
9 J million
premiums paid, call for a disbursement of
The previous week
dollars.
the Secretary, as
we
stated
last Saturday,
market Paris for Napoleons, the rate being governed by the
weight of the pieces, the coins being taken from circulation.
It is from this source that the Bank of England is
getting a considerable part of
rate for
money
and Frankfort
manner about
gave the market
of currency
9| million dollars. That makes over 19 millions
with
the knowlweeks
two
sales
in
bond
of
put out by force
the paybegin
will
Fairchild
Mr.
Monday
oa
edge that
in a similar
[Vol. XLVII.
Paris
at
3f per
it is
new
its
being reduced on Tuesday to 4
easier this week,
long and
84|^ for
consequence of a pressure of
short, in
4-88J for
street
cent.
Our foreign exchange market has be?n
rates
Tue
supply.
per cent, while at Berlin
is 3;^
bills
drawn against outgoing securities, principally stocks, of
the which the purchases were said to be large the first two
due
on
the
43
interest
of
dollars
million
7
the
ment of
Although all of this money does not come days of the week. One feature was the maintenance
first of October.
York, and although during the eame period there
Treasury
has been an outflow from our banks into the
disordinary
through revenue collections in excess of the
to
New
bursements,
still
of
as prime
by the demand
caused
being
this
bills,
for that class, owing, as is said, to a lower rate of
bond redemp. count
the facts cited above as to
the same rate
documentary sterling at
commercial
them
for
On "Wednesday
London.
in
di»
the market
and interest about to be paid, added to the expecta- began to feel the efiect of the lighter purchases of stocks
are for European account and likewise of the advance in
tion of future bond purchases during coming weeks,
money
of
our
tendency
quieter
for
the
infliencel by this and
the open market rate at London
sufficient to account
increastrade
is
notwithstanding
advance
in the Bank minitrue
of
an
also by an expectation
market. For this is
and
for
account
that
on
wants
currency
firmer,
and
this
became especially
and
tone
was
mum, the
ing in activity,
tions
;
moment
quite urgent.
marked on Thursday for sight bills aad cable traasfersr.
some significance as indicative Yesterday the tone was a little easier again. There are a
of the movement for coming weeks, we have a Ixint of in few more commercial drafts in the market, chiefly agiiast
our returns from the banks as to currency movements; we cotton, and if, as is expected, a large fleet of pfttroleuin,
refer to a return flow this week from the interior larger vessels arrives within a few days, thare will be liberal
than for several weeks. "We see, however, that a consid- shipments of that product and a corresponding supply of
erable portion of the amount so reported to us came from bills.
But as to wheat, there can be only a very limited
crop purposes are for the
A fact which may have
Boston and not unlikely has some connection with a
specisl movement to Boston from this city a short time
The rates are easier in that city now, and it is not
since.
nnlikely that farther amounts from that quarter may be
outward movement so long
as
the present spaculauoa
"With regard to cotton the crop
continues.
coming:
is
forward very slowly. This delay in the marketing of
that staple is caused in part by ttie lateness of the crop,
sent here; but cases of return
from the "West as yet must in part by yellow
be small and sporadic.
however, these very large
fever, but also in part by the disinclipurchase
jute bagging at present high prices.
nation to
affect How our merchandise shipments have progressed in weeks
If,
Government disbursements are continued, they may
Tne range for bankers' past is seen by the following statement, the figures for
balances at the Stock Exchange has this week been 4 to \\ August having been issued by Mr. Switzler of the Barean
per cent, the average being about 2 per cent, at which of Statistics this week.
other centres of trade soon.
renewals have been made.
tinue about as
Call loans at our banks con-
we reported them
last
Time money
and six months to
FOIlKiajf
week.
on stock collateral having four, five
run is offered at 5 per cent, but nothing
is
Exctw
ExporU* Imv<yrU. o!
being done, as
@
@
1SS6.
of
porta.
porta.
t
1
%
4,53;
63,051 38,514
•10,171
30.685 «6,856
50,750 63,041 »114,291
48,841 60.805 •11,001
4r,387 60,483 IS.iOO
44,8271 «-J,930 •18,293
43.223 5»,378 14,155
4«,T0.'!| 5S,SW •11,691
@
Bank
Bx
Ex-
Eegland
rate
was
anticipated this week, as discounts have
baen reported by
cable of sixty-day to three months' bank bills in London
at 3J j&i cent, and yesterday the rate was reported at 4
per cent. But the official minimum was not raised, the
18S3
4O'i,970'49O,391 •87.421
43.5,20S 4»9,807 •44,590
4*1,094 4.1-J.920 •11,328
'•1-26.232 ;JS0.8S-J
1881. .l5-i.3-;9 138.545
1883. 51iJ,519'46r.710
• Excess of Imports.
*
I-
328
f853
1.7.io
ports.
tsio
1,.3H«
2,124
2,123
2,250
2,SU3
•f3,4S3
17
ports.
»
2,238
2,118
3,933
fr.sM
+2,811
Im- Ejxis*
Ex-
t
1,10'J
1,170
1,050
791
1,015
910
1,09;
3,.598 18,787'-V13,19I lS,li)7
i
1,042
848.
2,903.
575.
1,089
1,207
l,i53
1,3.:
968=
fr^Sg
3.728
6,750
10,r>2
».ii»
7,56
6,253 16,30ll 10,5S0
4.153 r,90,l
9.935 40,050 rjo.im ir,iao 10.375
I-27H i-i,s-M 12,:M)
4.'5,350
8,019 8.8i»13,784' 13,601 40.014 1-^6,410 tr,9:)9 8,8-iO
3,314
16,123 8,55;
44,779il0.194 4.880
t
0/ Exports.
8,5s;
]
Escejs of exports.
The August statement thus
against us
of
Importi.
*
396
1,014
624
1,6»7
•^,271
486
748
»38
810 »,877
29J 3,154
847, 3,830
208
191
Omitted.)
SILVER.
Excess
Im.
ports.
—
the
GOLD.
MERCHANDISE.
rear.
no better than 4 per cent is bid, borrovyers using the call ISSS.
market in preference. Commercial paper is in fair supply Jan....
Feb...
and the demand is improving, some of the city banks as Mar...
April..
well as out-of-town institutions purchasing with moderate
Mny...
freedom we quote sixty to ninety day endorsed bills re- June..
July...
ceivable 4|
5J per cent, four months acceptances 5
Aug...
cent,
and
single
per
names
having
from four to six Total
5^
issr.
months to run 6
7 per cent.
A further advance in
TRADE MOVEMENT OF THE UVITEn STATES— (OOOs
brings up the balance-
on the merchandise move me at since the
first
January to $S7,42 1,000, or almost double the amount
Bank, according to the weekly statement, showing a gain
in bullion of £234,000, which was made up, as reported to
of
us by special cable, by imports from miscellaneous sources
of £593,000, and by exports, in part to South America, of
of gross and net earnings which the
Railroad
has this week issued for the month
Pennsylvania
both as rfcfl.;cting the
very
encouraging,
is
August
of
£308,000, and shipments to the interior of Great Britain of
Mail
advices report
a withdrawal
last
£51,000.
week
of
" £600,000
of
Bank
of
Eugland
notes
it
was
last year.
The statement
activity of
volume
general
trade
and
the
steadily
expanding
of traffic over this great system of roads.
To un-
"We have seen no explanation of derstand the significance of the gains reported this year,
this movement and know no reason why notes should it must be remembered that they follow very heavy gaini
have been taken in preference to gold.
Tne Bank of in the two years preceding in fact, the gross on th»
France shows a loss of £326,000 gold and the Bank of Eastern system for August, 1887, was considered qaite
for St. Petersbarg."
—
Germany about £180,000 since last reports. It seems remarkable in having run above million dollars
now that the Bank of France refuses to sell gold, and that we find the aggregate up to $5,390,939. In 1885,
.5
from
1 to
3 per mille
premium
is
demanded
in the open
;
now
three
years before, the aggregate was only $3,956,306, the r's
Skptimbkr
THE CHRONICLE.
29, 1888.]
by an ia$436,622
to the preseat (otal having beea accomplished
188C, an increase of
orease of $629,084 in
1887, and an increase of $368,027 in 1888,
improvement in 1836 followed chiefly as the
Tho
in
of higher
rates,
only
can
business
be
in
bat the continuous gains since
attributed
its
all
and
the
of
Pennsylvania
of course gets the full
traffic,
The company has
benefit of that circumstance.
made a very
ttien
a steady development
to
branches,
having such a diversified
also
result
time
this
substantial addition to the net, which
However, even after a gain
of $241,886, the net for 1888 is only slightly changed
from the totals for 1884 and 1883, when gross earnings
was not the
case last year.
were $600,000 to $700,000 less than in the present year
which shows how much heavier expenses now are than
On
formerly.
the lines west of Pittsburg the result
is
8(57
interest to the
company's report for the year ended Jane
on another page.
This is one of th«
roads in the Middle Western States which tbrongb good
management has been raised to a position where it is now
enjoying quite a prosperous career.
Mr. Ingalls, the
30, 1888, published
shown skill both in developing the com.
and readjusting its finances, the refanding
of the debt into 4 per cent bonds being quite a feature of
President, has
pany's
traffic
new
the
both
The
policy.
gross
and
net
over the year preceding.
territory
was quite
west-bound coal
its
late
one
favorable
ticalarly
year
in
income
was
many
have
not
been
par.
yet
increased
Last season's corn crop in that
company lost some of
owing to the low stage of the
small, while the
traffic
Ohio River for a good part of the year. The latter circumstance also occasioned an increase in the cost of fuel,
not quite so satisfactory, and against a surplus above
besides which higher wages were paid laborers.
$241,741 in August, 1887, the surplus for
August, 1888, is only $39,297. We presume, howeveri
inter-State
liabilities of
a
respects,
Then the
law operated to reduce rates on local traffic
and the average realized per ton per mile on all classes of
freight which was low in 1886-7 at 0'84 cent, was still
from last year's further redaced to 0-82 cent, the average per passenger
poor crops. Below is a summary both for August aad the per mile falling from 2 28 cants to 202 cents. Notwitheight months ending with August. It will be observed standing these various drawbacks the company was able
that these lines are not yet getting the benefits of this
year's large crops, while
still
suffering
that for tue latter period the net earnings of the Eastern
system are slightly ahead of last year gross has increased
—
much
—
but that the Western
as two million dollars
have not done so well, so that on the entire system
the company is a little over half a million dollars behind
as
lines
the result for
last year.
Lines east or
PiTTSDnRa.
1888.
1887.
1884.
1886,
1883.
»
$
Aroaa eaminKS
2,680,345
3,956,306
2,307,204
4.617,804
3,241,517
8,082.018
3,111,476
4,585.890
Operat'K ejcpenscs.
2,466,387
Net earnlnKfl...
Weetern lines
a.i4ti.i22
1,907,536
1,005,045
1,649,013
2,151,507
3,142.822
+39,Sfl-
+241,741
+78,661
-130,061
+661'
+234,883
Besult.
$
8,162,170
2,149,277
2,:i77,S05
31.
38,071,C49 38,017.106 32,192,231 28,961,00131,940,228 33,258,600
Net earnings...
Western lines
12,440,591 12,385,460 11,155,297
The Erie statement has
course very
9.,<!28,020
11,654,865 12,154,182
—114,715 +493,131 —173,764 -1154,259 -712,49)
12,825,876 12.858,591 10,981,53.1
also quite
is
moment
of
coarse has been the proposed
advance of rates in the Northwest,
the full nature of the settlement.
Not enough has yet
much
+572,529
8,174,661110,942,374 1^,726,711
come
likewise
to
hand
this
favorable, though the gains are of
smaller than on the Pennsylvania,
the other hand, the Pialadelphia
&
On
Reading on a larger
The
as
to
milling-in-transit
question appears to be embraced in the agreement, but one
hears nothing with regard to overcoming the competition
of the lines between St, Paul
ton
Operat'g expenses. 25,630,958 i3,68I,648'21,03S,034 19,e82,084'20,28a,S63 21,104.727
week, and
by favorable developments, the stock market
The influence
transpired to enable one to form a reliable opinion
$
4,775,380
2,632,758
Result.
Iniluenced
has latterly been strong, active and higher.
of greatest
t
s.sM.esg
Jan. Ito Aufi.
Grosa earnings
pay full five per cent dividends on its ten millions stock,
meet all charges, and still retain a small surplus ($37,612)»
on the results of the twelve months' operations.
to
&
and Duluth.
The Burling-
Northern, for instance, has always contended that
rates via Chicago must be as low as the rates via
Duluth and Lake Superior. Perhaps, however, the early
closing of navigation makes that for the time being a
comparatively unimportant factor. At any rate, an agreement of some kind has been reached, and that is a fact of
There is in
importance in its effect on current business.
its
Thus
on
to and
pro.'pect also a restoration of rates in other sections.
the trunk-lines have agreed to advance east-bound rates
volume of business shows slightly reduced gross receipts grain, provisions and dressed beef, while the lines
on the Railroad Company, with increased expenses, while from Kansas have likewise advanced tariff schedules. The
the Ck)al & Iron Company, though having added heavily corn crop is fully assured, and this and the higher prices
to its gross receipts, has added still more heavily to its prevailing for farm products place the agricultural classes
expenses, so that the net of the combined companies in a better position than they have ocaupiel for years. At
stands $250,390 smaller than in August, 1887. Expeusas the same time, general trade is active and the industrial
this year include a charge of about $59,000 per month situation very promising.
Some other circumstances have
for a sinking fund to cover the exhaustion of the com- contributed to the strength of the market.
The ^ead of
pany 8 mines (an item which was not included a year yellow fever seems to have been checked. Both the Rock
ago), but
that of course will account for only a very
Island
and the Manitoba declared
their usual dividends,
The Norfolk &
Western resumes dividends, paying 1^ percent cash on the
$1,360,738, against only $578,488 in 1880; but in this preferred in October. Quite naturally, under all these
The favoring circumstances, the close yesterday was strong.
latter year the amount had been unusually low.
Chicago & Northwest also reports a heavy falling off
The following statement, made up from returns collected
($314,503) for August, 1888— in the gross we mean; the by us, shows the week's receipts and shipments of currency
company does not report net. This falling off is explained, and gold by the New York banks.
however, by the fact that railroad affairs in the section of
Sttlnttrur
country traversed by that system have been very domor
SAiplMd by
JtSMiWdbv
Wuk endiflff Sept. 28, 1888.
Slonment.
IT. r. Banla. N. T. HankM.
alized, while at the same time the comparison is with a
l,oa. tt.S\9.0M
|4,3S1,<X)0
» 537,000
total in 1887 increased §281,318 over the amount in
616,000
Loss.
788.000
143,000
Gold
Loss. |i),4«»,oao
1836.
The St. Paul & Omaha gains $13,168 this year,
19,145.000
Total gold and legal tenders.... 11,680,000
small part of
is
perhaps
ttie
augmentation in the operating
fair to state,
however, that
cost.
last year's net
It
instead of reducing them, as contended.
was
1,
after a gain of $93,252 last year.
The
St,
Taking the foregoing in connection with the Sab-Treasand strength of Cincinnati Indianapolis
follows.
Chicago or " Big Four " stock, recently, adds ury operations, the result is
activity
Louis
&
m
THE (HKONICLB.
368
Week endlna
Into
188a
Stpt. 28,
Banfc
»l.680,000
21.000,000
$5,115,000
Loss. $3,465,000
14,000,000
Gain. 7.000.0UO
t22.880,000
$19.145,000
Gain. $3,535,000
fi&nks Interior Movement, as above
Snb-Treasury operations
Total gold and lenal tenders
Chanot in
Bank: Out 0/ Banks. net Holdlno'.
amount of bullion in
week and at the csrres-
table indicates the
The following
the principal European banks this
Sept. 29. 1887.
Sept. 27, 1888.
SUvtr.
Ootd.
£
£
Totai.
Gold.
£
£
lotal.
SUver.
£
Bogland..
20.803.5=4
20.803.584
20.5S6.696|
20,686,698
Wnaoe
42.758,408 49,234,560
30.011.334 15.455.666
6,957.000 15.337.000
91.992.968
46.367,000
47.181,010 47,783,393
22,303,200 U,888,800
a,499,CO0 14,470.000
4,240,000 8,170.000
2.491.000 1,245.000
94.987,400
6«rmanr..
Anst^HuDg'T
Netherlands..
Nat. Belgium,
National Ital;
year
a
would
likely
instead
of
course
the
ago,
most
Yet
tbe same as then.
that,
have
been
though the
prcmisea as to bulk of business the coming season are as
bright as ever they were, unfortunately such was the
road situation in the Northwest that no
little
rail-
uncertainty
Furthermore, comcompany has already
lost (that is during the first six months of the current
year) just about the full amount of the dividend paid on
the common stock during the whole twelve months previous.
With such a hole in income already visible, and
with future prospects as to rates clouded as they were
when the directors met, and with interest charges larger
only a very rash and risky management would have ventured on a dividend.
On the other band the passing of
it was an act ensuring the s'ability of the company and
paring with
Bcmk$of
did
it
now
pursued
XLMl.
as to the future net income existed.
last year.
ponding date
surroundings
[Vol.
S.762.000
7.712.000
21,294.000
13,464.000
2.530.000
1,275.000
3,825.000
6.975.000
1.115.000
8,090.000
9.983.000
37,172,000
20.978.000
12.410,000
3,736,000
8,101,000
1,118,00(1
Tot. this week 116.707..'!26 90.129.226 205.836.652 110.28fl,906 87.664.196 197,951.102
Tot,prev,w'k 115.993,855 90.199.5001206,166.415 111,677,8*7 88.469,794 200,017,641
the
its last fiscal year,
fully in accord with the principles of railroad administra-
LONDON,
ST.
PAUL AND THE RATE
tion
SETTLEMENT.
Among
all
week has
Morgan & Co.,
the prominent fiaancial events of the
been the action
in
London
of Messrs. J. S.
whicn the Morgans and others acting wi:h them have
along tried to enforce.
To be
between the Northwebtern
have been settled; but any
by a temporary volume of tonnage
sure, the differences
railroads are
now
said
to
Paul stock to deposit settlement forced
an eviient inclination offering, is not likely to be a lasting arrangement ^it
Some are even dis- cannot remove, and has not removed, the causes of irrito attach importance to this action.
There are rough features in the railroad situation
posed to connect the settlement of the rate aispute in the tation.
West with the movement in Landon. That is possible, in the West which neither attrition can wear down nor a
inviting
European holders
their shares with them.
of the St.
There
but we Eee no other evidence of
—
is
its
events are in their nature reformatory, and
event follows the other, the
mind
as
easily accepts the expla-
We
—
mere weight of business suppress
they require more
The circumstances are, as the Times
the one radical treatment.
truth except that both
;
statement suggested, very like those in the Eist
West Shore
when the
was in progress. One might as
hopefully
seek
to
heal
up a scratch with the splinter stil
look on this rate settlement as forced by the freight situin
flesh
as
to
have
kept West Shore and South
the
ation.
Whenever, as now, such a volume of traffic offers
Pennsylvania
separate
and
look
for peace.
So now, with
that the roads are taxed to their utmost capacity to carry
the Chicago Burlington & Northern remaining a free
it, and future prospects ensure additional volume as soon
nation of cause and effect.
disposed rather to
are
as the corn crop begins to move, rates raise themselves.
Circumstances like these do not
London
call
for one
to
go
to
to explain the connection.
contest
—not the only source of offense the West, but the
there which has no excuse whatever for a
separate existence — what ground
there for anticipating
lance
in
only road
is
But as to the invitation to the St. Paul shareholders, a permanent adjustment? In a word, the situation requires
there can be but one opinion.
It is action in the right some authority over and above these differing managedirection, and very needful.
We do not know how much ments strong enough to force a permanent arrangement
or how little truth there may be in the version of its of present rivalries, and to compel future principles of
meaning given in the New York Times of Wednesday by living and lines of growth which shall not be destructive
cable.
At least it ought to be true. The presump- of one another. Some such power as this must come in
tion
is,
however, that such an interpretation
of before lasting order can be brought out of the Western
the movement is somewhat sanguine, covering a long chaos.
look into the future.
Of ono thing we are assured,
And it is just that which the Morgans are capable of
and that is that the action in London is not, as most accomplishing and which so many therefore hope they
people hastily concluded, a hostile
movement
present management, and furthermore
by the passing
of tbe dividend.
it
against the
intend to accomplish.
was not provoked presumption
Neither idea
is
correct.
exists, for
We
had almost said that such a
one can
hardly imagine that the
inviting of the shareliolders of the St. Paul to consort with
There is every reason to believe there will be no friction them was a sudden impulse, an isolated act, a roving venbetween the old and the new r6gime, and the decision ture. But whether they have or have not any such intenrespecting the dividend, if not inspired by the Morgans, tiont the work must some time be done, and there is no
was in tbe direct line of the policy which, if in control, other power but a union of stockholders of the various
they would undoubtedly pursue
CDmpinies simi'arly situated which can wield the influence
Our own opinion with regard to the action of the to en 'orce a general peace.
directors has already been expressed.
Any greater
distribution
under the then existing
made, would have jeopardized
all interests.
But in saying ibat, we do not wish to te
understood as b 1 eving thit S Paul's condition or future
to
shareholder?,
circumstances, than was
.
in the least
DENSITY OF TRA FFIC AS AFFECTING RA TBS.
A very
common argument
missions in the West,
witti State
when they seek
Railroad Com-
to coerce the rail-
roads into adopting lower schedules of rates,
is
that
The property needs conserva- charges west of Chicago are higher than they are on the
tive management, Just such management as the directors roads east of Chicago.
The same form of argument, only
gave evidence of when ihey pasred the dividend. It is a different in intenc and purpose, is used by those wishing to
very large, valuable, and perfectly aolvent company, with depress Western railroad properties, when they assert
large earning capacity, having, however, at the same time that as low an average per ton per mile on the leading
a large bonded debt. Hid it entered on the second half
Western systems as on the leading Eastern trunk linet
is
of
its
fiscal
uncertain.
year in the same financial condition and
would bankrupt the Western roads, the object of those
Shpteubir
THE CHRONICLE.
30, 1888,]
making luch staiements
being,
not to di&courage
the
adoption or enforcement of lower rates, but rather to coivoy the impression that railroad property "West is in an
unfortunate position, because the average charges are
above those asked in the East and the tendency being
downward.
There
is
a fundamental misconception of
the East.
of
fac'.s
It is
ever, overlook the latter circumatanof,
and leeiDg nothing
but the somewhat lower average ratei reali/.bd on the
Eastern trunk linos, think that sufficient caui« for enXoroing similarly low averages on Western roads.
In truth, the real rsaion way rates on Western roadi
cannot be brought down to the level of those on the trank
lying at lines, is found in the circumstance that traffic per mile is
which is both misleading
and mischievous. The eSect of such arguments is to convey only a half truth instead of the whole truth. A most
marked difference exists in the circumstances and conditions prevailing in the two sections, which those who reason
in this fashion entirely ignore, but which really olfers the
key to the whole situation. It is an undoubted fact that
the average of rates on Western roads is higher than on
Eastern roads, thongh we may as well qualify this by
saying that on some special classes of traffic between leading centres rates are just about as low in the West as in
the bottom
869
this reasoning,
of course also obvious that to lower this
general average suddenly and at once would have very
much less heavy. Though there has been a wonderful
development and extension of the West in recent years,
that section of course has not advanced to the position of
the East.
Take New York, Pennsylvania, Oaio, Indiana
and Illinois, and compare them with Iowa, Kansas, Ne.
so
and Dakota, and it becomes self evident
must yield a very much larger traffic to
braska, Minnesota
that the former
the
than the latter. Tney are more thickly
have a larger population, more diversified indusgreater manufacturing and mining enterprises, and
railroads
settled,
tries,
in various
ways
yield an exceptiosaally heavy traffic to oar
transportation interests
The
difference
is
both in freight and passengers.
so obvious in this respect that to state
it
on the roads concerned. The statement is to have it accepted. But to fully realize the advan therefore that Eastern rates would bankrupt Western tages enjoyed by the Eastern trunk lines, one must
roads is correct if the traffic of to-day is meant.
But if it examine and compare the traffic statistics of one or two
serious
means
effects
that with the
such rates
may
growth and development
not be
made
the future and possibly the very near future
the statement
is
of traffic,
to yield profitable results in
—
in that case,
erroneous.
It is precisely that point, however, which marks the
dL&erence between wise and sensible action and unwise and
unreasonable interference.
reducing rates as the
traffic
Managers do not object to
grows in fact, rates are all
—
the time being reduced as the result of that very circumstance; but they do protest against being forced to put
prominent systems in each
give the results on
the
we
In the following
section.
Northwest and the
S'..
Paul as
regards tons of freight carried one mile, passengers carried
one mile, average per ton and per passenger per mile, and
length of read on which these results were obtained, with
similar statistics for the Pennsylvania lines east of Pitts •
burg and Erie, and the New York Central. We have
incorporated columns to show what may, in default of
a better word, be called the " density" of traffic
that is, the average number of passengers one mile
and of freight one mile for each mile of road in the
may pay on the traffic of ten years
which most assuredly will not pay on the systems. In other words, we have found a common unit
traffic of to-day.
single illustration will suffice to of comparison by dividing in each case the traffic
both
show the force of this point.
In the year ending passenger and freight by the miles of road in the system
May 31, 1888, the Caicago & Northwestern Railroad over which it was moved. Ttie figures cover the latest
that is, the year
reab'zed an average of less than a cent per ton per year for which returns are available
mile actually 0-99 cent on its entire freight traffic. ending May 31, 1888, on the Northwest, the calendar year
This is a very low figure, and involved (as compared with on the Pennsylvania and St. Paul, and the twelve months
the average of 1-10 cent the year before) a very material ending September 30, 1887, on the New York Central.
into efiect rates which
hence, but
A
—
—
—
—
—
reduction in the surplus remaining above charges and
dividends on the twelve months' operations.
less,
the result
was quite
Neverthe-
OmMttt.
showed that
the company had been
satisfactory, as
Lenath Tcnuper Pom'i
TmuFnlalU
°f
mat of
Boad.
Boad.
One MiU.
it
even on such low average rates
MUa.
Penn. (E. Pitta.);5,gU,U00,se9 657,388,867 3,34S
able to earn all its charges and make the usual return to
Do M.l4.*bni.l8.9S7,601,5ia 316,84O,0O« 1,598
its stockholders.
But suppose this low rate had been N. T.
Central.... I«,701.782,l7e 528,308,748 1,447
forced upon the company in 1881, seven years before, Chic* Northw.'l,989,OU,102 272,74j,01»| 4,178
when the freight tonnage was only about one-half what it Chic. MlI.4 9t.P.i|.«29..S84,i501 •-'30,444.5731 B,S56
now, and the average per ton per mile was as high as
1-47 cent
in that case the Northwest (and the Northwest
p.
C/iargt
mtte PerTim
Pom.
not
OmU. CenU.
Road. p.MUt.
p.
tSOJlM
0-78
S-UB
2,486.030 190,068
0-W
a-sss
l,86e,200;36S,l06
0-78
s-ooo
4»4,108| 65,«sl
0-90
s-soo
304.«73i 4S.03S
100
3-540
2,222,890
a position of unusual streogiti) would not have
been able to meet its ordinary charge] for interest, &c., not
to speak of yielding anything to its shareholders.
In a
There could nardly be a more sinking c >nirast than
these figures present.
As against an average of 304,273
tons per annum moved one mile by the St. Paul for every
mile of road in the system, and an average of 464,108
tons on the Northwest, the average annual tonnage per
word, then, the company would have been obliged to
go into bankruptcy.
on
is
—
occupies
default and
a question of
mile of road on the
the
Pennsylvania
New York
system
Central
East
of
is
1,869,200,
Pittsburg
&
and the com- Erie
and
2,222,890
tons,
on
the Pennsylvania
parative extent of traffic governs and controls rates.
It main line alone
It
(and branches) 2,435,930 tons.
is an axiom in railroad economy that the greater the is the same in the case of passengers.
The Northwest in
volume of traffic the lower the sost per unit of work but the late year carried an average 'of 65,281 passengers one
aside from that, the transportation business is on the same mile for every mile of road operated, and the Sl Paul an
level with transactions in other departments of trade, average of only 43,033 passengers, but on the Pennsyl
that is, the larger the amount of business done the smaller vania Eastern system the average number is 280,206, and
the percentage which can be accepted for profits.
A on the New York Central it is 365,106. Tnus the two
prominent railroal capitalist was recently quoted as saying Eastern trunk lines have a traffic per mile of road from
that there was profit in hauling freight even at half a cent four to eight times as heavy as the two Western systems
per ton per mile, provided you can get a sufficiently large taken.
Considering this advantage in favor of the Easttonnage.
Western Scale Railroad Commissioners, how- ern roads, it is surprising that the average rates on the
It
is
all
traffic,
therefore,
;
THE CHRONICLE.
370
Western roads should approach those on the former so
closely— the per ton per mile rate on the St. Paul being
1-09 cent, and on the Northwest 0-99, against 0-78 on the
New York Central, and 0-73 cent on the Pennsylvania.
Some may think that the heavier trafiBc on the latter two
roads follows in great measure from the large amount of
through business coming over these roads from the West,
had
built
[Vol.
XL^II
a large amount of new mileage, and was
extending
crease in debt and charges.
Not only
pany was encroaching upon the
Pacific, especially in the
to Helena,
still
system, involving of course a decided in-
its
that,
but the com-
territory of the
Northern
building of a 650-mile extension
Montana, parallel
to
while the Northern Pacific on
the Northern Pacific
its
line,
part was constructing
some new road in what was regarded as the domain of
the Manitoba, thus making it evident that the old
main
601,512 tons of freight
was
arrangement which had existed between those companies,
tons
3,117,218,272
than
less
no
line and branches,
by
whole
Eastwhich each agreed to respect the integrity of the
on
the
carried
5,214,900,569
the
and
of
local,
other's
branches)
territory, was no longer in force.
and
3,830,Yet notwithline
main
the
(including
system
em
403,209 tons was local. In other words, nearly 75 per standing this conflict of interests and the fears as to its
In efftcts, the results now disclosed show a decided improvecent of the entire tonnage came from local business.
Of
the case of the New York Central we can not give the ment over the previous year by both companies.
proportions on the tons moved one mile, but in actual tons course there is no evidence to prove that the Northern
handled out of 14,626,954 tons altogether, 12,666,614 tons Pacific has not suffered from the construction of the Manitoba extension, nor, on the other hand, that the Manitoba's
was "way" freight.
improved
exhibit is in any way attributable to the buildbusiness
extent
cf
The difference in the relative
ing
that
of
of
extension.
The coincident improvement and
the
case
seen
in
is
also
on the two classes of roads
prosperity,
however,
on
both
roads, is another and a forcible
Notwithstanding
the
mile.
earnings
per
the average
higher rates realized by the Northwest and the St. Paul, illustration of the great and rapid development of the
the annual gross earnings on the first-mentioned line Western section of country under the opening up of new
average only $6,390 per mile, and on the St. Paul only railroad facilities.
There is no feature in the recent history of the Mani$4,737, while on the other hand the average on the Pennsylvania Eastern system is $23,077, and on the New York toba so striking or so noteworthy as its growth in
On the mileage. In the space of about two years the miles
Central, including the "West Shore, it is $24,393.
Pennsylvania main stem of 358 miles between Philadel- of road in the system have been about doubled. At
phia and Harrisburg the average gross in 1887 was at the the end of the fiscal year 1886 the company had 1,509
remarkably high figure of $76,625 per mile, and the im- miles in operation. At the end of the fiscal year 1887
provement in that year ($8,541) over the average of the there were 1,935 miles in operation, with 272 miks more
year preceding was itself greater than the total earnings completed, making together 2,207 miles the company
Northwest and Southwest.
In point of
moved on
fact, of
the 3,957-
the Pennsylvania
—
per mile of either the Northwest or the
as the difference in traffic
St. Paul.
and earnings between leading
Eastern and Western systems remains so wide aa
figures disclose,
the latter
have i n
down
it
is
700 miles of new road in the brief period of
twelve months.
On June 30, 1888, the mileage cannot
So long having
built
than 2,700 miles (not having the company's
these
have been
less
not folly to talk of forcing rates on
full report
we cannot give the exact figures), while over
more on various roads which are oeing pushed
to the
this difference
Eastern level
?
all
In any eT ent,
we 300
proof conclusive that only disast^
could result from such a step.
miles
by the Manitoba were in courae of active construction,
and are expected to be ready for business in the near
future
raising the grand total to full 3,000 miles.
—
THE ST. PA UL MINNEAPOLIS dt MANITOBA.
A brief synopsis of the results of this company for the
With the extension
of
the mileage the character of the
system has been changed, as was pointed out a year ago.
Formerly the general direction of the
year ended Jane 30, 1888, has been furnished for publica
tion this week.
On the basis of that exhibit there cannot
south;
as a matter of course.
to
now
lines
was north and
a considerable part of the mileage runs east
and west, the extension to Helena being of course the
have been any ground for the doubt which some persona most marked illustration of this, though there are eviappear to have entertained as to the payment of the next dences of the new departure in the building of some other
dividend, and hence the declaration of the usaal 1^ per pieces of road.
The change, however, will be especially
cent quarterly this week must be regarded as having come marked when the Eastern of Minnesota, from Hinckley
its
gross atd
its
the preceding
interest very
The company has increased both
net earnings heavily as compared with
fiscal
much
year,
and after meeting charges for
any preceding year, was
larger than in
able to pay the usual
6
per cent dividends,
transfer
Lake
Superior,
is
opened.
Taen
the
Manitoba
have a transcontinental line extending all the
way from the head of Like Superior to Helena and Butte
Notwithstanding the general
City in Montana Territory.
will
direction of the
new
lines
is
different,
they are nearly all
$750,000 to the fund for renewals and improvements, and so situated as to answer as feeders for the older parts of
yet carry forward a surplus from the operations of the the system.
twelve months of $455,865.
The increase of debt has of course likewise been large.
Tnis favorable return by the Manitoba, coming after With the additions during the last year to the mileage,
the good statement for the same year by the Northem Pacific, is evidence that the demoralization of rail,
road aSairs in the Northwest has not extended to the
roads running north and west of St. Paul and Min-
to, it is no surprise that the same twelve
monihs have witnessed a decided addition to the company's
Thus the whole of the seven millions Montana
obligations.
extension 4s are now out, as against only $2,800,000 on
already referred
—
also quite noteworthy that these are June 30, 1887
being an iacreaae of $4,200,000. Then
whose prospects about fifteen months $3,000,000 additional 4J per cents have been issued,
ago were considered the least pomising.
The con- while $8,000,000 of collateral trust bonds have been
test between the Chicago-St. Paul roads had not then created.
Besides this, 3J millions of Eastern of Minbecome so serious as it has since become, while the posi nesota and 4^ millions of Montana Central bonds, both
tion of the Northern Pacific and the Manitoba, on the guaranteed by the Manitoba, have been put out, so that
other hand, seemed far from reassuring.
The Manitoba altogether the new bond creations by the company for
neapolis.
the
It
is
very roads
Skftkubbr
[THE CHRONICLR
30, 1888.J
the year aggregate over 23
The
miUioa dollars.
ing recapitulation of thess issues will ba interesting.
we hare
Etatement
this
allowed,
be
will
it
In
seen,
for
$300,000 of Ist mortgage land grant bonds reduamed
during the year, decreasing the debt to that amount.
Xtw
norifl l.^iifi St.
Paul MinneapotU
Additional i\4 per cent bonds
AddUlonitl Monttkna Rxtenston
New oullateml trust Ob
A
Ist
Balance
ntistem of Minnesota 5:1 irimranteed
Montana Central Os guaranteed
Orand
IMPORTS AND EXPORTS FOR AUOOST.
tia.mo.ono
mortgage land grant bonds redeemed..
This
800,000
3,500.000
<,50(),00fl
»22,»00,0l)i
should
With
well as comparisons for the corresponding periods of the pre-
1
be said, covers not only mileage
already constructed, but also the
construction.
The Bureau of Statistics has issued its detailed statement of
the foreign commerce of the country for the month of Au^.
and the eight and twelve months erded with Aug. 81, 1888, as
Ii4.»i>a,ooo
,
total
total, it
the late year
dividends, the
$1,20 5,865 would have paid 6 per cent additional beaidea
the 6 per cent actually paid on its stock by the company.
4i.,
Total
Leu
380 for 1885-6— that is, the surplus for
would be much the heaviest. Measured in
Amount
Manitobtt.
871
Eliminating the item of reaewaU altogether, and oompuw
ing the results for the threa years
on an even besis, th«
balance above charges and div idends would stand
at
$1,205,865 for 1887-8, $857,591 for 1888-7, and |454,.
follow-
new road
ceding year, as follows.
HERCHAITDISE.
in process of
these additions, the aa;gregate direct
funded debt of the Manitoba now stands
at about
For
For the 8
For the 1
Months endfd Vonthn eiid€d
Augiul 31.
August 31.
the
month of
58^
A-Uutuil.
more of bonds guar- 1888.—Exports— Domestic
$45,932. l?-! «3»4,4 18,771 $(i70,8ie,441
Foreign
770,814
8,.'iM,05"
12,24«,377
making 68^ millions together. On June 30, 1883,
Total
$46,703,005 *403.v)«9,>2l iJi-S.^OO.'.SlS
Imports
the debt was only $20,791,720, and on June 30, 1882, it
58,894,357 49Q,39i>,74ft 719,401,939
Esoess of exports over Imports
was but .$18,646,000.
Excess of Imports over exports:$ll,691,35a, $87,420,928 $30,339,121
$54,423,fifi9 $128,922,022 $703,866,651
The increase in the interest charges in recent years 1887.—Exporte-Domestlo
Foreign
998 .402|
13,151,657
8,28<s025
reflects this increase in debt.
The more recent additions
Total
$55,422,071 $435,208,047 $717,018,308
Imports
65,733,87
479,807,288 700,31 6,810
of course did not count in the late year and some counted Excess of exports
over Imports
$16,701,498
million dollar?, with about 10 millions
anteed,
1
only in part
;
nevertheless the charge for interest in that
year was $623,342 greater than in the year preceding,
nearly $300,000 greater than in 1885-6, and over
Foreign
Total...
SUveiv-Dora
Foreign.
Total
Total exports
We
—
The following
ory.
is
a
summary of each
Imports— Gold
SUver
Total
Excess of exports over Imports
Excess of imports over exports
1-887.—Exports— Gold— Dom. .
Foreign
Total
year's operations
Silver—Dom,
Foreign
back to 1879-80.
yiiVaqe
Years.
end of
Total
Total exports
Operating
Orost
Baralnot.l i'-^P'nw
year.
laiui Taxes.,
$
«
1870.80.
Eaminni
{
ess
t
2.885,330
1,434,837
3,052,852
6.577,694
1,863,033
1,789,81'
3,515,779
3,061,915
1,450,393
{
1880^1.
1881-82.
1,058
1883-a3.
1883-81.
1884.«>.
1,350
1,397
hineoua
Ket
Income.
Income.
«
«
$
1,503,022
1.842,417
1,109,U51
52.628
52,600
86,260
i
0,082.772
8,tf>3,950
4,599,056
3,929,392
IM
8,509,028
7,321,736
S,.-«8.()32
8,4a3,084
8,028,448
B.5OI.O06
4,314.895
8,713,553
'
1.470
7,778,
4.437,716
4,254,558
4,266,238
I
188a-80.
188a-«T.
issr-sH.
1,500
2,207n
2.700
I
4.769,987
I
4,791,918'
Surplus
Tears.
Dividends. on Tear's
Operations
*
t
iem-ao...
1880-81...
1681-82.
976.000
S55.795
732,488
983,084
1888-83...
1,784,664
1,656,631
1883-81...
1,800,000
.
1884.S5...,
1885-86....
1,800,000
1,200,000
1886-87....
1,200,000
t810,678
1,032.210
454,380
1257,591
18&7-88....
1.200.000
T456,8e5
Total
iliscel-
y,(
j
207,850
287,352
66.284
171,116
514,447
450,759
Total
947,227
1,188.091
4,511,910
1,949.690
4,332,520
3.654,200
1,980.280
4.228,000
5,242.677
Land
1,264,279
1,999,820
2,170,409
2.793.-51
Funded
Stoclc.
Debt.
t
597,672
223,832
15,000,000
15,000,000
16,324,900
-t880,677
16,000,000
813,945
418,270
131,293
350.114
415,782
271.839
20,000,000
Sales'
$
20,000,000
18,107.700
18,816.000
20,791.720
31,36 -(.OOO
20,000,000
32.439,000
20,000,000
32.83«,000
20,000,000
43,289,977
20,000,nOU|fc58.500,000
r..iml sales are applied to redemption of first mortsage bonds.
*l''>7,813.ot tills was "paid in settlement ol ooiistruotion linos on
^.J
fet. \ lucent extension of .St Paul <fe Pacltlo."
t Aftor
deducting $381,512 cUargod to fund for Improvements and
*
renewals.
& After deducting- $600,000 for renewals and Improvements,
'l<"'ii''t'i"-' $730,000 for renewals and iuiprovoments,
and
.c.'o")^,.,"''
*i.l,061 contributed to .sinking fund In excess of the receipts from land
sales.
a Of
this,
272 miles had been completed at the end of the year but not
put In oporatiou.
6 III adilition to this the company has guaranteeil $10,150,000 of
noncis, composCTl of
million Montana Cuntral bonds, 3"3 million
l-.asteni of Minnesota bonds and $2,150,000
of Minneapolis Union
uouds. the latter issued some jears ago.
m-
In
noted
comparing with
that
the
preceding
surplus
years,
it
Imports— Gold
SUver
Interest.
3,148.175
4,645,575
should be
$455,865 for 1887-88
remains after contributing $750,000 to renewal fund,
while the surplus of $257,591 for 1836-7 remains after
of
contributing onlj $600,000 to that fund, and the surplus
of $454,380 for 1885-6 allows for nothing to that fund.
44,599,24
OOLD AND 8ILVKB—COIN AND BaLI.ION.
1888. -Exports— Gold-Dom
$149,83
$14,578,772 $15,485,330
$1,500,000 greater than in 1882-3.
"While the company
has had these larger burdens to meet, it has at the same
time had to accept greatly reduced rates on its traffic.
have not the figures for the late year, but for 1886-7 the
average per ton per mile was only 1 -36 cents, against 2-51
cents in 1832 and 2-88 in 1881
that is. in five years the
average was cut down one-half.
In view of these circumstances the results disclosed are especially satisfact-
1
Excess of Imports over exports!:$10,311,8001
41,293
4,208,115
4,657,S0 8
$191,130 $18,786,917 $20,143,338
$1,9)6.640 $14,033,360 $16,951,759
4,430,5!I3
378,-18-1
12,74 2,556
$2,295,129 $18,466,953 $29,691,315
$2,486,239 $37,253,870 $19,837,653
$207,813
$5,595,881 $36,333,178
8,5S2,1H4
1,326,985
14,774,096
$1,534,828 $14,178,Oo5 $5l,10;,-i7-l
$951,431 $23,075,805
$1,268,621
$214,981
$3,886,119
$5,107,219
26,980
4,013,765
4,025,629
$241,961
$7,8a9,B84
$9,132,849
$1,289,090 $12,270,288 $17,494,692
768,682
1,035,-159
8. 741,581
$2,057,7
$16,301,74';
$26,236,276
$2,299,733 $24,205,631 $35,369,12-1
$5,978,776 $14,152,.->02 $45,526,520
1,717,737
10,.580,202
1 7,428,7 28
$7,696,513 $24,73-2,70 i $62,955,243
Excess of exports over Imports
Excess of Importsover exports $5,396,786
"$527,073 $27,586,124
TOTAL HERCHANOISB AND COIN AND BULLION.
1888.— Exports— Uomesilc
,$47,998,068 $42 f.033,903 $703,253,730
Foreign
1,190,596
17.189.788
29,G>6,741
$49,189,264 $440,223,691 $732,b00,471
Imports
59,929,1-5 504,5 8,814 77 0,509,213
"
Excess of imports oyer exports $10,739,921 $64,345,123 $37,608,743
Excess of exports over Imports
1887.—Export8— Domestic
$55,927,740[$443,07S,429'$726,469,563
Foreign
1.794.Q04
16, ;35.2l!<| _25^18,870
Total
ii57,721.S0t $459,ll:l,67-< $752,387,432
Imports
5(I4.5:^9,992
73,430,384;
703,272,058
Excess of exports over imports
Excess of imports over exports $15,703,5801 $45,126,314 $10,884.038
i
Total
[
mPORTg AND EXFOKTS Br
CnSTO«8 DISTRICTS AND
POUTS.
AUOCST,
Imports.
Baltimore.Md.
Bust'jn. ansa.
Bu(ruloOI[,.\.Y
Champl'n.N.Y
Charleat'n, 3.C
ChtCH^o,
111
Cincinnati. 0.»
Detroit, .Mich.
Duluth. Minn.
Oalvest'n, "Tex
MllwItee.Wls.
Mina'8'a..\linn
Mobile, Ala...
•Vew (>rrns.La
Now Yurt.S.Y
NiaKara, .S.V.
Norfolk, Va..
Oregon. Oreg.
Osirega'le,N.^
Oswf
Phlli
. l'a,'P».
Portland.
dTM'
Loals.Mo.*
an Pran., Cal.
Sarannah, Ga.
Vermont, Vt..
tt.
Wlllametto.Or
Wllml'g'n, N.O
Torktown, Va.
(
]
1888.
Exports.
t
1.255.1801 3.6llS.58.'i
5,4r:).H3
PRI.SCIl'AL
CP3TOMS DISTRICTS.
IMPORTS.
Exports.
8 montlxs ending
August 31
8 months ending
August 31.
1888.
1888.
t
7,«i3,4rS
1887.
T"
9,6110,445
8S,0^833 35,838.3«e
.
4.I4J.l-*2ii
11.0.5:i.«0»
417.U4
45.416
3.-i51.7iW
iM9.;33
10,906
270.2111
2,00-^,V«o4|
2.366.872
l,877,tH0
183.913
4i5.3'M
16.698
4S,U61
70.311
128.616i
S-i8,850|
8.087.4(181
2S;.o;i0
7.87u.5.ir
89.707
1.101,741
l.VJl.ODH
1.12J.97;
S09.ST8
1.08IS.7M
4,703.5a»
1.8;c,9J»l
484.58U
824,431
1,71-1,12.1
l,6.M.rt7i)
2,«70.;i«0'
i.e7ii,(^
s,iHs,s«a
«,472.SS5
112,1-41
181
974.772
35..5'27.136
203.303
206
802
150.7»a
808,771
4,006.057
24.812
«-',B5^8
4.213.70:
12 876
5»:.UT
6 1.380
4o8,8l'.o;
2.019,206
60,!<«ii
98,2Ul
886.816
•48.710
S32,875
21.-^1
5-^,61
i
44.l-.lM,^U
3,|-J0.3«l
112.-«5
601.089
4<i6.1
W
S6,989.28<i,
"1 8lS4-M.eSt
H«M,U-18,15l,w>'
1,0-25,091
1,7*1.5 12
S16.'ii'-«
4S4,673
66.1.'W
8.2 16.5191
«,UO»J"
8.014,286
n.32v,tt8l
42.0S6.7UII 4S.2W,a
24,85l,5-i4!315,8U.42».'!16,>M7.5l8llB2.8ll.^0»>3,>«».H«0
»,0iS.S7l|
2,169.197]
-H5.":t7
11.700
tlSJW
4,0-* Mill'
au.8ui
6.lr»,IU
42,793
-.,
112,78s
281.537
496,402
1,184.178
1.482.6 10
I.-:'
2!3.76l
l,4-<2.733
I.2.H.28;
388,436
I.
a,684.21» 81,180 172 88.010.424 18.
1.157.376'
—
8<<,105
841.640
3.352,814
158,882
151.08;
S4.7Bl,2l>5
2,183.116
181.018
4,2;N.««4
616,587
85.861
16J,8Sl
1,441.1)26
2.16.1.387
28,73.t.S3
85.7IM
18.
i.^i
-..
uajira
3,581.328,
2*ljtl7
i,7ao,«iis
«i,»o'
3.IU5.1t7
l,J-«.6oo
88i),231l
4,308»0
sAiLOda
Otil'r Dl«t«.) 5S.S94.337 46.703.005 490.3QO,74» 47w.30r.288 «l)«.9«83tl
iSSJoaMT
Totals,
oladlns
2.855
14-2.451
107.148
61,114
1.X8I.71I
(inall
THE CHRONICLE.
872
[Vol. XLyXl.
$34 8!)6,253
Eemamlnff In warehouse August 31, 1887
$36,17^,640
Bemainlngin warehouse August 31, 1888
* Interior ports to which merohandlse can be transported withou'
appraisement, under act of Jane 10, 1880.
.
„ ,.
aosenee of law provldiue the means of oollectinjj
t iDcomplete la the
the statistics of exports to adjaoent foreign territory by railroad oars
and other land vehicles.
Paul shares opened on Thursday |5 lower than the day before.
They fell another doUar in the Street in the evening, and
they declined further yesterday
but upon otlier stccks the
effect was very slight.
Although unexpected, the decision
of the St. Paul directors meets with unanimous approval,
and bankers and capitali.s's generally regard it as the
inauguration of a new policy on the part of the management.
The stocK markets generally, and the market for American
railroad bonds in particular, continue very firm, the dem nd
[From oar own oorrespondent.J
for good bonds being as strong as ever and Reading first
London, Sept. 15, 1888.
The withdrawal from the Bank of England on Wednesday income fives remaining a prime favorite. The passing of the
St. Paul's dividend
has stopped for the moment the
of £380,000 in gold, and the withdrawal on Thursday of
demand for American shares, but as the American crop and
£600,000 in Bank post bills, led the Bank Directors on Thurs
;
trade reports are all
it
is
expeced that the
be exceedingly good during
the next year, and therefore it may safely be assumed
that the demand for shares will quickly revive.
Trade
in the United Kingdom and upon the Continent is improving rapidly, and in every direction there is a more
hopeful fetling than has prevailed for a long time past;
and unless, therefore, the money market should become
really stringent, an active business in American railroad secutuated rapidly.
The Directors of the Bank of France and those of the Bank rities is to be expected for the remainder of the year.
The passing of the Retaliation bill hardly affected the
of the Netherlands qu'ckly followed the lead of the Bank of
England, the former raising their rate of discount to 3% per course of the American market in London. Nobody here is
cent and the latter to 3 per cent. This seems to indicate that inclined to take the Fisheries dispute very seriously. The
If the advance British public is anxious for peace with all the world, and
the Bank of France will not part with gold.
in the rate of discount is not sufficient to stip withdrawals would do much to preserve it but a quarrel with the United
no doubt the Directors will advance the price of the metal. The States is regarded as en'irely out of the question. Everybody
anticipates confidently, therefore, that the Fisheries dispute
gold coin in general circulation in France being almost with
will b' settled amica' ly when the Presidential election is over.
out exception light, and therefore unfit for export, there doe
not seem much likelihood of oblaini g a considerable supply But it is recognized that the r, t liation policy may imperiof gold from France. There is more probability of getting it ously affect Canadian railways, ani therefore there has been
from Germany. The rate of discount in Berlin is nearly IJ^ a fall this week in Grand Trunk securities.
During the week the price of silver in London has risen over
per cent lower than in London. The difference, no doubt,
would quickly disappear if a drain of gold on a large scale 4 per cent. Tlie buying is belie :ed to be on Russian account.
set in. But it is to be observed that Argentine loans and For many months past negotiations have been going on in
issuf s of all kinds for very considerable amounts have been Paris for a great Russian loan, and it is expected that these
brought out in Berlin. Further, German capitalists have been negotiations will ultimately succeed. Probably Berlin will
buying very large amounts of Stock Exchange securities in take part in the transaction. It is reported that the Russian
London. And, lastly, the exports of British iron to Germany Grovernment wishes to restore the value of the rouble, and
have all through this year been large. The balance of indebt- consequently that a considerable part of the loan will be taken
At all events it is generally believed that the
edness between the United Kingdom and Germany is, there- in silver.
fore, decidedly against the latter country.
No doubt the present buying is for Russia. It certainly is not for India, for
Imperial Bank of Germany will throw all the obstacles it can some of the Indian banks have been tempted by the rapid rise
in the way of large withdrawals of the metal, but if the to sell the silver held by them, and there is no probability
balance of indebtedness has to be settled, it is no; easy to see that India will iuy at the present price, unless indeed, it
becomes evident that a further advance is more likely than
how gold withdrawals can be prevented.
The followmg return shows the position of the Bank of a dec'ine.
England, the Bank rate of discount, the price of consoli, &c.,
Messrs. Pixley & Abell write as follows on the state of the
compared with the last three years
bullion market
Gold.— The Banlc h.as received gold durlne the week to the amount of
£504,000, and has S'^ld £ij9O,O0O, priiicipiilly in Sovcroigus. Theie has
1S88.
1887.
18!-5
1880.
been, during the weilt, a very small demand for South America and
£
£
£
i
being taken for the former and £15,000 for the
India, about £40,0
dronlatlon
84.273,940 94,395,625 24.538.020 24,489,943
latter quarter. Tlio ariivals iucliulo about £404,000 from Australia,
luio the Bank having been received from Paris.
of
thut
sent
Pnbltc deposits
the
balance
8,810.389
4,117.353
2,698,336
4,010.S49
The P. *0 Steamer takes £15,000 to Bombay.
Other deposits
24,846,29? 21,927,0111 23,244,430 2»,067,<91
rapidly with a Continental order, and the
has
improved
Silver.
Silver
—
GoTemment aecorltles
14,721,400 13,042,7i2 12,336.543 14,935.380
continued rise in Indian Exchanges, till to-day 44d. was touched.
Other seonrltlefl
18,731,010 19,807.134 19.327.245 22,475,148
The P. & O, Steamers take £91,600 to India
RMerreof notes and ooln.,
:2,RS9,I!44 11,613,039' 12,617,104 13.121,425
Mexican D. liars.— In the absence of arrivals, a very small business
Coin and bnlllon
8'),789,S81 20.288,661 21,400,124 22,8I'9,B01
has bi en done in Mexican dollars, the nearest price at present being
42%d. buyers.
Prop, assets to liabilities....
44
42i2
im
48.i
Bank rate
4 p. c.
4 p. c.
3« p.o,
2 p.C.
The quotations for bullion are reported as follows ;
day to raise their rate of discount to 4 per cent. The post
bills were taken by Messrs. Bating for the Russian Government, and there is much debate as to their reason for choosing this kind of paper. But whatever the facts of the case,
the withdrawal has excited the London money market.
Nobody can say whether the transaction is an excep'io al
one, or is likely to be foUowi d by further similar operations,
and in consequence the value of money in London has iluc-
traffic
of
favorable,
railways will
the
;
:
Consols
Clearlnff-Hnnse r«t,nm
The Bank
100«
101 5-18
101.937,000
100 11-16
87,474.000
1
100 1-18
15,078.000 103,550,000
and open market rates at the
now and for the previous three weeks
rate of discount
chief Continental cities
have been as follows:
Sevt. 14.
Sept.
Jtatuaf
Interett at
Bank
Rate.
Paris
Berlin
Frankfort
Hamburg
Amsterdam
Bnusels
Madrid
3ii
3
8
3
S
8
AUQ.ZX.
Open
Bank Open
Market Rate. Market
3
Bank
Rate.
8H
2«
3
3
2
S
S«
2«
8H
*^
OH
ax
3
1«
m
iw
Open
Market
2Hi
8
8
8
!>«
2
2«
2
2«
8
2«
3«
3«
Auij. 24.
Bank
Open
Rate.
Market
2W
2
3
8
y%
8
2)*
•3
2
UOLD.
SILVER.
London Standard.
Sept. 13.
a.
Bar gold, fine. ,..02. 77
Bar gold, contatn'K
gOd«t9allTer..oi,
Span. doubloons. 02.
S.Am,doubloons.02.
Sept. 6.
d.
s.
9
77 9
77 10
London Standard.
I
\Sei>t
d
Sept. a.
d.
Bar sliver
oz.
Bar silver, contalnln>f
42 3.16
12 9-ia
Sgrs. gold.oz.'
Cake sliver
Mexican dol«
oz.
47 7-16
48X
oz.'
The weather has greatly improved this week. It is more
summer indeed than any we have yet enjoyed. As there
like
is
much gram
yet uncut, hopes are entertained of a consider-
able improvement. At all events that which is now being
liarvested, will be got into the granaries in good condition,
while there is a chance that the later cereals may after all
ripen. In consequence of the improvement in the weather
6
6
S
6
5
wheat market has been quieter this week. Prices, which
the
Oopenhagen. ...
8
3
8
3
3
in the early part were from 6d to Is per quarter higher than
The decision of the directors of Ihe Chicago Milwaukee &
the previous week, liave now lost that advance.
St. Paul Company to reduce their preference dividend
and to
The following shows the imports of cereal produce into the
pay nothing on the common stock has had less effect at the
United Kingdom during the first two weeks of the season
Stock Exchange here than might have been anticipated. St.
compared with previous seasons:
Vienna.
8t. PetersbnrK,
4
4«
4
4
4
8M
4
2>^
4
4
3><
Skftkhbkr
THE CHRONICLP.
S9. 1888.J
Wheat
Eaporlt.
UCFOBTS.
1888.
1887.
2.823.870
2.347.605
OWt.
1886.
2,476.677
September
1):
1,821.333
1886.
2,476,577
8)8.453
881,134
5,400,086
4,196.164
1887.
2.823.370
1888.
2.347.065
669,811
492.129
Imports of wheatowt
Imports of Hour
Sales of home-grown.
755.38.1
3,509,605
Total
1887.
1888.
week. 378.
Aver, price wheat
Aver, price wheat ....season. 37b.
»d.
29s.
29s.
Od.
1885.
3,376.941
455.147
1.389.707
5,221.71)5
1885.
1886.
1(1.
6d.
328.
328.
31s. Id.
318. 8d.
5(1.
9d.
The following shows the ([uantities of wheat,
afloat to the United Kingdom:
flour
and
maize
This week
Wheat
qrs.
1,940.000
Flour, equal to
(ire.
240,000
258,500
MaUe
qps,
1887.
1,008,000
Liutl wrr.k.
1,899.000
200,000
292,500
18Sfl.
l,04.-.,000
104,000
1H8,()00
257.001)
319.000
PInaaclal .flarkets— Per OabI*.
BBClUta
The
daily closing quotations for securities, Sec., at London
kre reported by cmble as follows for the week ending Sept. 28:
London.
Hon.
8ai.
Wed.
Tuta.
43I9
43
Consols, IK5W 2^ i>ercts. 97-.^
9713,, 97»,«
do
for account
971618 97is,g 97»8
IVoh rentes (In Paris) Ir. 33-50 83-45 83-37 >s
10!"8 lOSSa 10913
O. 8. 4>2S0f 1891
13179
U.S. 48 of 1907
131% 131 =8
59i«
5914
Canadinn Puciflo
591a
67 19
Mil.
6758
0738
Chic.
& St. Paul....
297g
Erie common stock
30 >4
30'b
I2II3
Illinois Centnil
122
I'Zl
50'9
Pennsylvunta
57
67
Phllatlplnlila & Reading. 26-'8
20 "ij
26 »B
II214 112H 11238
New York Central
Bllver,
per oz
d.
44 la
FH.
Thuri.
43
43 >9
4.S
9713
Week.
8,37fl,nil
403,019
406,243
267.333
421.040
498.990
681.788
114.772
91.623
78.742
1.^0.782
124.956
106.470
217,465
Beans
^30,347
1,201,761
993.613
1,271,816
Indian corn
669,811
755,383
838,453
Flour
455.147
Supplies available for consumption (ezcluaive of stocks oo
977,8
97i»,«
97 1«
8312I9 8335
976,8
9738
83-0719
— The following
1885.
Qen'l mer'dise..
Total
Since Jan.
(X>io.
— Following the tremendous swindling operations of Bedell,
who tucceeded
now come the
in placing over $260,000 of forged mortgages,
asiounding revelations that the well-known
attorney, Wm, R. Fo:tter, Jr., succeeded in obtainini; $164,000
on forced bond and mortgages from the Produce Exchange
Gratuity Fund, The question now arises, nalur-illy, how far
work of this kind has been carried, and how investors can
protect themselves againpt men like Bedell and Foster. The
German American Heal Estate Title Guarantee Company of
No. 34 Nassau Street, whose advertisement appears in the
Chronicle, has a capital of half a million of dollars, and
Under its
offers security which individuals cannot give.
methods swindles like Bedell's and Foster's are made impossible.
Its policy holders are protected against loss, whether
caused by error or fraud.
Foreign Trade op
New York— Monthly
6038
60 39
«7H
68
69%
issued
30>9
SO-'g
121
sole
12119
121 19
ment covers the
5«78
2658
II314
57
57
20=8
II214
2008
II219
previous.
New York Custom
by our
SEW TORK.
1887.
1888.
$2,967,933
$2,039,301
5,171.681
0,798,307,
6,231, >)31
$0,631,7.i5'
$7,512,259
$9,766,240
$8,271,192
$75746.054' $88,858,412 $93,816,148 S97,786.8"5
204.183.029 230.005,895 251,401.939 245,959.224
1887.
$5,610,253
234,421,359
$8,650,217
223.434,100
$0,,397.103
.«0.773.571
218,825,075
205,266,071
1888.
Total 38 weeks. *240.031.61V $230,084,317 $225,222,238 $212,040,242
The following
shows the exports and imports of specie
for the week ending Sept. 22, and
1888, and for the corresponding periods in
table
New York
since January
1887 and 1886.
1,
BXI'ORTS
Week.
Great Britain
Franco.....
$
$6,391,830
21.900
6.322,975
5,008,668
Germany
West Indies
Mexico
South America
All other countries. .
Total 1888
Total 1887
Total 1886
Week.
9
9,650
Since Jan. 1
$i.nos
2,072,144
1,0:)0.'<«7
139,«74
1,1.81,599
475
422.422
725,788
37,M78
225.749
i;740
225,i*57
$103,230 $18,893,583
54.657
0,343,731
15,472 37,152,156
$151,739
3,350.052
645,260
$5,282,163
24,558,023
230
103,1
00
t
25,357,540
30,484,136
40.888,287
11.159,704
23,718,188
34,907,an
44,783,632
16.799.664
28,028.778
10.123,26S
31,181,301
41.244.559
9.631.882
31.391.648
39,82},44S
41.023.530
11,117.537
27,377,727
38.498.264
8.237,904
32.856.900
41,M4,8M
B.081 ,072
33,614,351
39.675.42.H
7,606,6«S
S0.0I3.83-M 37.620,499
7,539,019
33,518,6*)
13,968,0 <0j 27.434.406
41.057,652
41,402,«2S
6,689,693
10,899.060
S4.3S5.197: 41.044,80a
July
August
11.740,428
26.31S.509
38,055,934
14.913,036
29,372,603: 44 ,288,729
90.379.577' 2.35.22.S.599 328.603.176
Total.
EXPORTS FROM
86.1l8,e08| 86.717.668
88,687.698 230.879.848 316.S«7.B4a
NEW TORK.
CUSTOMS KBCEIPTS.
At ytw Tork.
Ibtol MerchanMte.
Month.
Month.
1887.
1887.
t
t
January...
February..
March....
24.055.089
24.476.887 January...
13,496,921
26.343.25'
32.294,833 Febroary.
13,180,682
22.863.204
28.385, I80!
April
28,066,227
234)17.888
23.207.983:) April
28.776.711,
[May
22,988.804
22 840,769
24.888.52H
88.683.0351
June
May
June
July
Augnst....
ll,OfiO,6»4
11,180,684
9,982.060
14.900.78>
11.420,147
10,947,630
10,948.046
lI,Sie.23S
87.891.594 July
14.189,804
12,8143«T
28.374.721, AOffOSt...
18,854,742
16,602,380
97,812,237 101.69oiMT
Total..
192,932.101 ^04.0I0.404
Total..
Anction
March
ii,7e2,3a»
ia,C96.21T
Sales.—The foUowmg were
auction by Messrs, Adrian H. Muller
recently
sold
at
& Son
Skarts.
40 Germania Fire Ins. C0...149
20 Title Uuar. & Trust Co.. 112
135'3 ISO Brooklyn City UR.C0....13S
Bunk
B^tiiis.
BnnkingCo.142
Newurk
20 Nat.
S5,00U St. Louis Ore A Steel
14 Citizens' Gas Light Co. of
Os, 1917.47 to 48
I8t»,
5214
Co.
Brooklyn
173'« $1,000 St. Louis Ore & Steel
24 Standiird Oil Trust
2S
Co.Os. Income
Ciinicr.in Iron & Coal Co. I313
$3,0C0 Central RR. & Bank4 Corn Kxcliarge Bank... 213
Macon
(la.,
of
ing
Co.
8 Merchants' Exch. Nat'l
jsWest. KR. Co,8.W.
Baulc
118
RR. Co. of (ia., inp20 ManhattHH Lite Ins. Co. .801
109»l
«rt1te7s, 1893
1 Broi.k'nCdl.&Pol. Inst'e.. 48
Ga.,
58,
Savannah,
17 N. Y. Mutual (Jan Lt. Co.. 99?i 91,000
99ViAtnt
1909
170
18 Bank of America
500
Sauliitto
and
Ifiuaucial.
CITY ©F COrXCIL BLUFFS, IOWA.
Imporli.
Since Jan.X.
diw.
$
14,299.496
May
AND IMPOSTS OF SPECIE AT NEW TOBK.
Bzporti.
Merehan-
QDOdt,
dlH.
Shares.
1886.
Ocntral
Dm
loua.
Merchant
15.530,7«
April
state-
1887.
Omeral
Dry
Qoods.
.
first
NEW TORK.
1888.
98
44 North River Ins. Co
55 Newark City, N. J., Nat.
1885.
The
House.
total imports of merchandise.
IMPORTS INTO
The
4,956,9031
at the port of
—In
00
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Sept. 35, 1888, and from January 1 to date:
EXPORTS FROM NEW TORK.
.
Statement.
addition to the foregoing tables, made up from weekly returns,
we give the following figures for the full months, also
Total 38 weeks. $279,929,083 $318.864,307 $345,^18,087 $343,740,0-29
For the week..
Piev. reported..
17,431
131 34
1.
Dry Goods
Qen'l mer'dise..
870.7.-J6
$1,316,036
1.501.303
1,358.08a
109%
two weeks
$2.3lO,.578i
2.B2i
•4,1911
32.80(
Of the above imports for the week in 1888 $31,68.% wers
American gold coin and $2,888 American silver coin. Of the
exports during the same time $103,230 were American gold
national bank has been
1886.
*1, 074, 8 17;
$431,915 $9,302,790
177,321
8,2 ".0.5 12
148,350
7.063,701
132
following are the imports at New York for the week en(iing (for dry goods) Sept. 30 and for the week ending (for
general merchandise) Sept. 31 ; also totals sinc^ the beginning
of the first week in January :
For Week.
8A.AM
162,923
27,883
12.147
10919
109 >«
13158
ing week and $7,816,684 two weeks previous. The exports
for the week ended Sept. 25 amounted to |6,773,571, against
Dry Goods
I13.O&4
1,879
55'922
614,467
066
67,600
Total 1888...
Total 1887. ..
Total 1886...
Jane
rOREKJN IMPORTS AT
$-14,081
68
160,660
All otlieroountrlea..
Imports and Exports fob the Week.— The imports of last
week, compared with those of the preceding week, show a
decrease in both dry goods and general merchandise. The
total imports were f8, 271, 193, against |10,]S5 960 the preced15,304,273
Mnt4/an.\,
23..'^
West Indies
t
Mexico
South America
Janaary
February
March
week and
Wtk.
$8,087,734
301.559
Germany
organized since last advices :
3,924—The First National Banlc of Tower. Minnesota. Capital, $50,000.
H. A. Ware. President; George W. IlertKcs, Cashier.
3,925—Tlie First National Bank of Uuchanan. Mlcli. Capital, $50,000
John Reynolds, President; John F. Reynolds, Cashier.
15,371,680 last
\mneeJan.l
«300.150
13,000
Great Britain.
Prance
00mmet;ci»I vluH pxiscjellaueous 'M^xoi
National Banks.
Imp«rli,
Bitver.
1885.
253,407
748.652
45,855
Barley
Oats
Peas
878
11.7'4.5!>7
SIX
PER CENT IMPROVEMEWT
BO.\DS.
Dated Anmist and September, 1688
tieniminaiioii yjvv .uu v\£CS^
interest i.ayablc seiiii-annuully at the National Park Bank. New Yoi«.
Total indilitedness of ihe city, exclusive of this issue. *14 .40O.
Issued for street Improvements,
and due in v. 4, 6 and 8 years,
,
•4,643,340 00
VALUATION,
ACTUAL VALUATION, over
A(«8ES!4ED
l(i«,000.000
GIL.L.ETT,
GRISWOLU
BANK ER8,
Sc
8
00
33.000 00
P0PULAT105
WILL STBEKT,
N.
T,
THE CHRONICLK
374
gite jankers' ^a^jette.
ItlVIDKIVDSt
The following (lIvl dendB have recently been announced
i'er
Wnen
JiooKi VLoieci,
Name of Company.
Cent. Payable.
(Daya inclutive.)
Railroads.
CJlilc. Rock rslanil & Fac. (qnar.).
•Cumherlanrt Valley ((luiir)
Del. Lack. & Western uiuar.)
Freehold it Jaiucsburg Agdcul'l.
New London Northern (quar.)
Ilud Kiver (quar.).
K. Y. Cent.
New York & New England, prel.
<fe
Norfolk
<t
Western, pret
1^3
Nov.
2
1
Oct.
Oct.
Oct.
Oct.
Oct.
3ifl
Nov.
1%
3
X\
1
Sept.
30 to Oct. 28
1
20 Oct.
3 to Oct. 21
1
Sept. 30 to Oct. 15
1
1 Oct. 21 to Nov.
Oct. 14 to Oct. 25
l.")
Oct.
Oct.
2.5
1%
1%
lOct.
2
lifl
Nov.
1 Oct.
Gallatin National
5
Sept.
Murray
4
Oct.
Oct.
Oct.
Oct.
Oct.
Sept. SO to Oct.
Oct.
7 to Oct.
A
Banka,
weak tone and posted rates have been reduced to 4
4 85 and 4 88i@4 89.
The rates of leading bankers are as follows
a
Septemher 28.
84i@
Demand,
Sixty Dayg.
Prime bankers' sterling bills on London. 4 84i.2®4 85 4 881.294 89
Prime commercial. -4 8234 84 83
Documentary coounercial.. .......
4 82i.j*4 82%
Paris (fraucs)
Amsterdam
5
24%*5 23%
5 21i4i»5 2058
401, „a 4018
(guilders)
94% a
Frankfort or Bremen (relchmarks)
94''8
40l4»40Big
953839512
1
18 to Nov.
To-day the rates on actual business were as follows, viz. Bank60 days' sterling, 4 83J@4 83i; demand, 4 87i@4 87f.
Cables, 4 88i(g4 88}. Commercial bills were 4 82^(34 83. Continental bills were: Francs, 5 23|@5 23J and 5 21^(^5 20|; reichamarlis, 94|@!)4f and 95J@95f guilders, 40(^40^ and 40J@40f.
The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah,
buying ^ discount selling { di9count@par Charleston, buy:
ers'
;
Hill (quar.)
United States National
(quar.)
.
.
2
27 to Oct.
ITfiKcellaiieons.
&
South Am. Tel. (quar.).
Mexican Telesraph ((|iiar.)
Central
XLVn.
21
PittB. F.W.ife Ch., spec. stk.{quar.)
do
Do
rcK. stock (quar.)
Man. (quar.)
Paul Mluneap.
St.
[Vol.
;
1%
2>2
WALL. STREET, FRIDAY. September -.28, l»«88-5 P. HI.
The Money Market and Financial Situation. — The week
has been ratber interesting in financial circle?, and tnken altogether the tone at the Stock E.xchange the past two days has
been nearer a healthy buoyancy than anything we have had
for some time past.
The turning point was on Thursday, when the announcement was made lute in the day that the great struggle between
the railroads of the Northwest had been terminated by a positive agreement to advance rates, and this gave the market a
twirl which sent it spinning upward under the lead of the
ing 3-16(SJ discount; selling par; New Orleans, commercial,
$1 25@|1 50 discount; bank, par; St. Louis, 75c. discount;
Chicago, 75c, discount.
—
United States Bonds. The dealings in Government bond
have been very restricted and the mnrket is unchanged, excep
The Secretary of
for a slight advance in the bids for the 4is.
the Trea.sury continues to buy bonds rather liberally, and he
has paid a fraction higher for the 4is than last week.
The total payments made for bonds purchased from A\m\ 23
The statement for this
to September 22 were $64,499,168.
week
is as
follows
4Ji
Per Cents due 18M.
4 Per Cents due 1907.
^grangers.
Offerings. Purch'ei
Prices paid.
Offerings.
Prices paid.
and that
$535,000
180
rates will really be maintained, and the event is the best and Saturday ... 1805.600 tSOS.BOO 1II7-107X
11)3,800
2,630,flC0 xl-iSH-lS')
193,800
107-107M
most far-reaching that the market has had for months. But it Monday
200
40
1,138.700
120,800
107«
a;129-IS0
Tuesdiiy
is well known that the railroads are all there yet and that com9li,450
248,»00
18,450
ISO
Wedn'aday.
petition is not dead, so the future is still surrounded with a Thursday...
180,000
180,000 wra-imH
1128-130
1,648,500
iew uncertainties and possibilities, which will remain as little Friday
105,800 107!<!-107.«
1129-130
105,300
61,400
clouds on the railroad horizon, sufficient to give interest to the
(Sfi-ii.OOO ia.Sl^S.40tl
1128-130
Total. ... tl.S01.350 1,341.350 107-107H
outlook for some time to come.
Ul,131.a50 12V70-130
18.401.700 106^-108
SinceAp.2S«l
• Since July lal! purchases (^^2,744,25C) have been applied to tliesinliinj^ Fund
Before the Northwest agreement was announced, the market
had already acquired strength from the declaration of quarterThe closing prices at the N. Y. Board have been as follows:
ly dividends at the usual rate of \\ per cent by two leading
companies, the Rock Island and the Manitoba. This gave a
Sept.
Sept.
Interest Sept.
Sept.
Sept.
Sept.
•quietus to the rumors that these railroads might pass or reduce
24.
23.
26.
Periode 22.
27.
28.
their dividends, and gave more coofidence that the St. Paul
10718 *1073h *10738'*107:i« '107% •107'!g
4ia8,1891
example would not be followed by many other roads of the 4138,1891
10718*10738 *107 38 .n07-.'8* 1073s •10758
1-J9
'12878, n3d78i'12878,*12878| 129
Northwest, and probably not by the Atchison at their meeting 48,1907
12978 '12a'e 12!l7g«i297g •12973 •130
1907
48,
next week at least not to the extent of passing altogether.
121 •121 •121 «121 *121 •121
68, cur'cy,'95.
What may be called the dividend panic has subsided for the 68, cui-'cy '96.
123 *123 *123 •1'23 •123 •12313
'126
-126 *126 '126 *126ia
*12ii
present, but the course of afEairs has been so precisely what we 68, cur'cy, '97.
*1'28
'128 1«
'128 *128 •128
'128
'98
cur'cy,
predicted as much as a year ago, that our readers will pardon 68,
'131
'131
•I3II3
'131
•131 •131
6 6. cur'cy '99.
418 if we quote here the words that we used in this report on
* Tma i» the lu'loe bid at tbe morulnz uoard
no aaie iras made.
" One leading fact is indisthe 21st of October, 1887, viz.
Bonds.
In
regard to State bonds the
Railroad
and
State
putable in regard to the present era of railroad building,
namely, that the construction has been mostly done by old and same dull, almost lifeless, condition prevails which has been
powerful dividend-paying companies, and although they may the only feature of this market for some time past.
Railroai bonds have been only moderately active, and at
lose some money in carrying the new lines for a few years,
*nd even be compelled to reduce dividends, still the possibility times prices have been somewhat unsettled in sympathy with
«f such insolvencies and foreclosures as we have had in times stocks, though latterly the tone has been strong, and most
The Chesapeake & Ohio
classes have improved more or less.
past is, on these lines, outside the range of all probability."
The open market rates for call loans during the week on currency bonds and coupon 4s came into some prominence and
advanced. Texas & Pacific Ists and incomes improved a little,
etock and bond collaterals have ranged from IJ to
2i per cent, and there has also been an advance in Forth Worth & Denand to-day the rate was as high as 4 per cent.
Prime comver Ists on a good business.
mercial paper is quoted at 4J@5J per cent.
The Bank of England weekly statement on Thursday showed
Railroad and MisceUaueons Stocks. T^ e volume of
a gain in specie of, £234,000, and the percentage of reserve business in stocks was comparatively light in the early part of
to liabilities w.iB 41-58, against 42 07 last week; the discount the week, but afterward increased largely on the rising marrate remains unchanged at 4 ner cent.
The Bank of France ket. The tone was irregular and the tendency of prices downlost 8,150,000 francs in gold. '
ward in the early dealings, but this was followed by a sharp
The New York Clearing House banks in their statement of recovery and a decidedly buoyant tone on Thursday. The
Sept. 22 showed a decrease in surplus reserve of
|479 850 declaration of quarterly dividends at the usual rate of IJ per
the total surplus being $11,943,725, against
112,423,575 the cent by both the Rock Island and Manitoba railroads had the
previous week.
effect of greatly quieting the recent dividend scare and giving
The following table shows the changes from the previous a better tone all round. Then on Thursday came the news
•week and a comparison with the two preceding
years in the from Chicago of an agreement among the roads of the Northaverages of the New York Clearing House bankswest to advance rates, and on this the whole market changed
for the better and the grangers led a rajiid advance, assisted
1888.
Diffr'ne't fr'm
1887.
1886.
greatly by some sharp covering by the shorts.
Sep'. 22.
Prev. Week.
Sept. 24.
Sept 'la.
The Vanderbilts have been rather conspicuous for activity
$
and strength. Like Shore going even higher than last week,
Capital
60,7(i2.700
followed by Michigan Central, Canada Southern and Nickel
Surplus
49,781.000
I»an8 and dlsc'ts S91.;ii)7.300 Dec. 492,200 346.428, a'oo
The most conspicuous stock throughout has been New
Plate.
337.48.1,700
Bneole
80.599,700; fno
826,400 70,521,900 7l!,6t2.800 England, which advanced quite steadily all the week till
Circulation
7,930,30ollno.
8,2;i7,9(i0
34,800
8.1:^8.700
Net deposits
Thursday, going to 49J on that day. There is nothing new
40ti.309.1uOJDec.l,279;466 341,935,900
Granted that this settlement
is
made
in
good
faith,
Pitrch^es.
.
,
—
,
,
;
—
:
—
,
,
347.09.->,700
Iiegal tenders
32,92 1 .300 Deo. 1 ,626, 100 20,778,8ao| 19,211,000
Legal reserve..... 101.577,275 Deo. 319,850
85,483.975 86,773.925
Beserve held
113,; 21,000 Dec. 799,700 91,300,700
95,853,800
8arpla« reserve... ll,943,725iDec. 479,850
5,816,725
9,079,875
to the public definitely about this road, but the report
circulated, with every appearance of having foundation, that
an important deal of some sort is pending.
The Southern stocks have been irregular, being unfavorably
is
strong
mark(t for sterling exchange has been affected at times by the yellow fever news, but were
of the market.
and there has beo-n no feature of speci'd later with the rest
To-day. Friday, the strength of the market wns well main•'' bills have been
in rather better su'^,n
ly
tained, and the grangers, Vanderbilts, Gould stocks and others
f *^r ">"f
fact,
coupled witn the extreme dulness, has
occasioned were strong on a pretty large volume of business.
»o'^^^''u"^?-"r'^''^
very dull .11 the week
IndTh
and
this;
known
September
THE CHRONICLE.
20, 1888.]
810CK8-PBICE3 AT
876
STOCK EXCHANGE FOB WEEK ENDINQ SEPT,
N.Y.
88,
HiaHSST AND JjOVSST PRIOKS.
AND SINCE
BalM
JAN.
1,
IUD«aaiiia« Jan.
1989.
1,
of Iha
srocKS.
Monday,
Saturday,
Sept. 22.
Active
A
AtlniMlc
Out"
11 R.
Pacillc
Slock*.
•0'4
5:t'a
w JerBoy...
Do
05
•112
<&
3!>
prcf. •10.'>>a
107
Oin
I)o
. .
OeveliimlCol.Cln.A rndlnuap.
Coluiiilxis HofkliiK Val. &T0I.
Seluwiiro LiKkHW.annn & Wrat
Denver A KloO.,aa8e8am'tpil.
Do
l)o
lat pref.
Do
2(1 pref..
lUluot.s CVutriil
A
West
J)o
lAke Hliore A
long Island
A Nashville
New Alli. A Cliicaj^...
Louia.
Mauliiittun Elevated, uouaoi..
Michl>;auC'<Milnil
MIL Luke Sliure A West
Hiaaourl
Misauuri Piicllio
Mobile A Oliio
Naabv.C'lialtHiiooKaASLLoula
Kew York Central .fe Ilud.son.
Hew York CUio. A St. Louis.
.
1st pref.
I>o
Do
2d
24
Do
pref.
pref
Horthem Pacific
pref
Ohio A Mlssl8slj>pl
Oregon & Trana-Continental.
Peoria Decatur A Evausvllle.
Bt.
Paul -Minneap.
prcf
A Manitoba.
118
118
Do
Eric, pref..
18>s
IH'4
10 1 "fl
92 >9
58
40 la
1021s
53^
IJo
95%
50
8834
54
90
•6 la
8
•14
I2I2
79!%
16
121a
801s
*9
12
83
83
109% 109
laiji
"ft
19381
"71
4t
29I3
60
17 18
III4
37
22
30'e
•20 la
50
SOifl
2719
601a
27 14
'
2959
105
24%
25
15
27
Ainerlean
United States
A Go
Inactive Stock*.
American Tci. ACableOo
Wells, Furgo
Jan.
19
»
f)
1
9%
'
-
i
I
i
1
I
35
35
35
35%
36
3534
36
36
83% 35%
8218
81% 81% 81% 81% 81% 81% 8I34 83
82% 82%
11879 119% II914 119%
118% 117% 118%! 118% 118%' 119 119
9II3
•681a 691a
1031a 105
93 941a
35=8 3614
67%
1
150 '•146
'
112 •110
80
791a 79 13
137 142 ' 137
146
112
140
110
150
112
"
•781a 80
'136
140
09 14
70
69
69
10479 105
105 105
103
101
91%' 94
96
94% 9579 95
30% 3ti% 36% 3773 37%
36
'86
88
87
87
88
88
174=9 175
173=9 173% 174
174%
68%! -08
;
1
83=8,
1.50
112
80
141
83=8
148
*110
'78
*137
83%
148
112
80
142
8379
148
110
80
137
84%
8II4
69%
106
95
38%
88
17479
85
I
2,225 30=8 Apr. 2 3878 Feb.
4,015 68% Mar. 29 83% Sept.
3,011 103 Jan. 3120 Aug.
50 > 15 Mar. 29 71 sepu
350 lOlUJuly 2 107% Aug.
May
3,19o; 8114 Apr. 2 97
7,900 28% Apr. 2 38%.May
310 75 July 9 106% Feb.
2,710 135i4Apr. 3 175 Sept.
52,4411 70% Apr. 21 S534 .Sept.
147% 147%
110% 110% 111
148
80
142
80
137
142
82
81
82
84
33 137
75 100%
08 67
128
80
Apr. 12 130
Mar. 22 112
Jan. 4 80
Jan. 19 143
17
4
2l$
10
8
2
1
15
•20
lO
Aug.
1
Sept.
22
Aug. 28
June 23
I
•81
Atchison Top. ASantaFe
85i>8
17%
A
O., reorg. cert.
lat i>rcf. roorg. cert.
2d pref. reorg. cert.
East. Illinois
81%
85=8
171a
im
14 19
•81
82
82 14 841a
I714
18
15
151a
•41
151s
15
16
'Si
89
88
41% •41
lU
•92% 93% •92% 93 14
A
.DO
pref
„.
Clncln. Ind. at. Louis A Chic
A Baltimore.
•214
•4%
pre'
Houston A Tex.is Central
Manhattan iieach Co
Ohio .Southern
,
Oregon Khoit Line
]
Quicksilver Mining Co.
Do.
pref.
Rich. A Alleghany, ass. p<l ..
•16
•16
•31
•9
3714
•11
A Teri-c
3
-2I4
51a
•4%
10
10 la
17
9
.
9%
3714
14
•16
"9
*15ia
311s
•9
37 ^
12
88
3
51a
191a
11
lOia
3II3
9%
37%
12
81%
84%
19%
16%
24
53
•214
•414
23
30
„„ 19„
yarlon* stock*, gee, (DnI Isted.)
Arner. Cotton Oil Tru.st
3938
Pipe Line Certllleates ;
90%
I
17
3
5%
20% 20%
1079
18%
41%
94%
9II4
•214
414
20
•16
•9
11
"9
16% 10%
33% 34
10% 1079
38% 3914
141s
54
1479
47%
11%
29
54
24% 24%
30% 32
301a
1679
18 14
41=8
9314
92
3
4%
16% 1679
34% 34%
10% 10=8
39
39%
13% 13%
47% 47%
11% 12%
•24
•52
21=8
3479
39%
90%
39791
9114I
42
3571
1 .9001
20
55
24=9
32 14
70
Jan. 12
79=8 June
11;
13.390' 11
July 17
2,233: 10% Aug. 1
3,030 10 July 26
82
Sept.
Feb.
2S
20
99%
20% Sept 2S
Septar
18% Sept. 27
17
Mar. 19; 43% Jan. 30
10,575| 89% Mar. 2| 95% Sept. 2S
12,233 63% Apr. 2! 02 Sept. 2S.
4% Jan. »
179 .Aug. 311
650 40
414JUUO 5; 6% Feb. 24
12 May 10 23 Feb. 9
8% Apr. 10 12 May 10
Mar. 22, 1679 Sept. 2S
8001 10
"406:
19
11
44%
39% 40% 401* 42% 42% 43
02% 91% 93
93 %1 93
94% 9378 96%
no sale was made at the Board.
t Lower price Is ex^dlyldend.
40
92 14
are the prices bid and asked;
20
•14
11
•24
29
00
25
81%
81%
18
18%
41% 41%
93% 91
90
91%
47
Haute..
ATe.ias
South, ni I'aelHo Co
Toledo ,v Ohio Cent., pref....
Coluiulius A Hocking Coal ...
Tennessfu Co;il A iron
* Zlieae
Jan.
I
•
103
•93
36
30 19
3578
•86
90
90
88
88
1741s 1741a I74I4 I7439I 173
83
831a 8358
83% 8338
Chesapeake
Bt. Ixiuis Alt.
Bt. Louis Ark.
10%
.'lO^
mHJnn.
I
57%
•sis
Western Union Telegraph
Do
2
2
1
59%
70
1031a 105
pref.
Nav. Co...
KxpresH Stocks.
Adams
Cincinnati Wash.
3
11
4.-.%A|.r.
I
Olie'
35 13 331a
Philadelphia Co., Nat. Gas
Pullmiin Palace Car Co
Do
Do
Apr.
924 55%. I line
23.093
I
461a
1181a
•08 la
Pacillc .Mall
Chloago
7%
1,105
S6%
00%
I
401s
•9413
881a
*81ia
Delaware A H udson Canal
Oregon IiuproveuicntCo
A
54=8
I
93
59 19
miMcellaneoiis Stocks.
ColoradoCoal A Iron
Consolidated Gas Co
Oregon Railway
0%
89
'liH
i
3:~
241a
•23 la
5959
•14
•20 '2
5738
pref
A Lake
51%
,
,
*17«i
•S3 '8
103
Bt.L. APacillc
WheeliiiK
•
9%
•9
71 13 72I3
1121a 1121s
•53
56
•98
99
pref.
lat pref.
Texas A P.aeltle
Texas A Patillo t.nnd Trust.
Union Pacillc
Wabash
8914
I
24I9
30 '19
25% 23 '8
Pliila. A Kead. Vot. Trust. Cert.
52 14 5238
Klchnioud A West P' tTeroilnal 23-8 24
Do
71
72
pref.
Borne Watertown AOgdcnab'g 89
92
"32
St. Louia A San Franciaco
32%
Do
Do
BtPaulA Doluth
Do
89
'
21
90
*83
'
42 14
pref.
HorfolkA Western
Do
0%
0%
59
5418
i
1019 1019
Tola 70>3
Hew York Lake Eric A West'n 2938
I>o
prof. •65
45 'a
Hew Y'ork A NewEnsIand
New Y'ork Oiitark) A West
17
Hew Y'ork Suaq. A Western... •10%
Do
0%
0>s
!«8%
54=8
.
21
55
55
•86
pref
A St. Louis
pref
Kansas A Texas
Mimieapolia
l>o
5414
8914
I
prcf
Mich. Southeru.
I<)ui8vllle
Do
Qia
SH
I
20% 20^
*20
1739
•30^
KlUKstouAl'eiubroke
Ijako Krie A Wostoru
8^8
"vi'ii
HIghMt.
I/owost
Hliaros.
2-1.
I
Ufa H2
prut.
EvanHvllle A Terre Hiiiito
Fort Worth A Ueuvtir City
Qrmn Hay WUiouuA St. Paul.
lO'a
10
CO^a
(iOVi
& Oiv. K'y.
Saat Tunncssce Va.
8^9
83 II
88 \
Sept.
I
107
lOij
'sn'a
38^8
prof.
Ohlcaen St. Paul Mln.
9>4
57»8
54 '8
89 >8
Sept. 27.
I
14;i
100»fl
Louis ii i'ltwliur;;.
jjo
<i.">''8
21.
1888.
Week,
Friday,
89 14
5,1110 73% Apr.
89
8!)
80
ni'i:i..pt. IJ
3.">5
34ifl 31% "341a 35
34 >4 34 4> •35
35% 30
36
20%.Mar. 20 37%.liily30
irji-t 1131s 113
11314 II310 113=9 114
11,014 101i'4.(iiiic 12 130% Jan. 27
113%[ 115% 116
64:'« 0019
05:18 (10 '9I
04
06
67% 08% 228.411 Ooi.jHepl. l."i 78 Feb. 24
657a 687,
10014 10714 107 'a 1071a 107% 109
3.;i:i2
lOS 109
109 14 110
Apr. 27
911.J JuiiBlJ 117
11078 1121s 111-38 II214 112
112% 112% 114%' 11478 115V 09,010 l()or,8 Apr. 2 116 Sept. 4
142 142 •14118 112111 •111 la 113
142 142 i*143
204 138 Apr. 3 148% Feb. 1
100 la 108% 108 lOU
109 1091a 109% 1107a 111 1117^ 14,750 100%.Tilly 5 1Ilin.iiin 97
*13ia I6I3
16 <4 16^
10% 10% 1078 1714 2,500 11%. Illy 23
•38
•3M14 89%
3914 •38
30
39
40
800, 29% .Mar. 314
39
41
39i>9
3i<i4
3939
41% 41% 42% 0,935 32% Apr. 2 4. . ... .
39
39%
89
381a
107 109 14 109% 1097;,! 1,3H3 100 June 13 ! 10!. iMay 1
1051s 1051a '105 lOOia 100 107
00
OOifl *59ia 0«
62
63
62% 6379' 12,223 42% Apr. 2 037- Sept. 2S
601a 61=8
20
20% 26% 26=8 0.825 17 Mar. 21 3(i34 8<<pt. 11
231s 26
221s 24!ti' 24 12 20
14138 142%' 14114 142 '8 14178 142% 142=914379 I4314I44
77,730 123% Apr. 3 145 Sept.
"20 14 21
•19% 21
21 •
21
15 July 2, 23 Jan. 6
''.'.'.'.'.'.
"si'ia
5414 5178
7(K)1 44
53
5414 34I4,
Mar. 2 1 55 Jan. 28
54% 54 'a
IOI4 IOI4
10
10
IQia 10%
IOI4 10%
2,353
10
10
July 23
8% Mar. 22
69
09
08=8 71
72
69
72
68
72% 74% 3,110[ 53 Mar. 22 74% Sept. 28
24I4 24%
24
23% 2*
231a 23I3 •23
24% 25% 2,117 17i4Apr. 2 20% July 2-1
•88
•86
•87
•87
90
00
40 84 Mar. 22 90% Sept. 11
90
90
89
89
23
25
25 •
21%JiUy 21 46%Jaa. 3
25 «
25
9I9'
9»8'
9<>8
939
939
i',23'o|
979
9% 9%
9
7% -Mar. 20 12 July 25
118 119
117 118
021114 Mar. 5 123% Aug. »
117 119 *llGi3ll9
118 119%
17
17
•17
18
80O|
17% I8I4I 18% 18=8
9% Mar. 28 19%.Sept. 12
181a •17
•30
•30
30>4 30%' •30
33
5001 2779 Jan. lo; 37% May 1
32
32
17% 17%i 17% 18'8' 18% 18% 18% 18«g, 18% 187a' 4,029 12% Mar. 22 19 Aug. 30
52^8 5334
52% 53 14 53 14 54% 54 14 54=8l 5439 54=9 9,610! 4014 Apr. 2 .54°8Sept.27
101 10219 lOlig 101^8 101 la 101% 101=910214 102% 101
81,130 85i4Apr. 2 101 Sept. 28
1,401 87% Apr. 2 95
93% 93%: 93% 94
•921.J 94
9313 9313
June 25
931a 93%
59
60
59% 60% 60
671a 58»8! .57I3 5839
60% 50,915 50=8 Apr. 2 6414 Jan. 9
•39
•38
43
•38
900: 30
42
41% 41
41% 42
Apr. 1-1 43 .Sept. 10
43
•94
93
9419 9514 •93% 95
94% 95% 95% 96% 2,812 77% Juno 12 9H%Sc|)Uir
89'^ 9OI4
8 J '4 89
90
90=8
88 »8 90
90% 9178 23,782 72 Apr. 2 917.,bept. 2s
•50
•50
•50
56
55
•50
50
54
50
56
48% June 18 80 Jan. 10
•83
•85
•85
90
257 83 Mar. 27 104% Jan. ft
85
90
00
83
8978 00
«6
*«
678
679
8
7
7
700
379 Mar. 28
979 Apr. 30
7
7
7%
14 161a •14 10 •11 16
16
10
550
16% 17
9% July 6 I8I4 Apr. 30
12=9
ll7a 12 14
121a 121a' 12
12% 12% 12% 12% 2,315 10 Juno 11 18% Jan. 5
8II4
7914 8OS9' 178^4 80
7938 79=8
80
46,735 6734 June 12 89»4Jan. »
81% 84
•9
*9ia 12
•9 la 1214
12
•10% 11%
()% .Mar. 29 13% Jan. 27
•80
83
83
"s-y "s'i" 84I4 84% 84% 84%
700 71 Apr. 2 85 3^ Sept. 4
84
109 10U% IO9I3 109 12 109% 109% 109=8 109=8 10934 111
5,007 102% Apr. 2 111
Sept. 28
I9I4 1938
1939 1939
19% 19=9; 19=8 1978 4,750] 12% Mar. 31 ""
197^s,.pt.28
191a 19:18
'
74 14 74%
'.'4 Sept. 28
73 'a
74141
70% 72
73
71
7314
3,580 61%Julv 6
75
•42
43
43% 43I3' 44
41
4414
1,2.35! 28
Mar. 31 41 14 Sept. 28
44
421a 421-^
%l
29
29% 29
2934 30% 42,760: 22% Mar. 9 30:'4 Sept. 28
29% 29 14 29%: 29% 29
6514
O5I4 O5I4' 05
3.800 .52% June 13 07 14 Sept. 7
63
65% 65% 66
63
66
4558 46"8
4014 40781 46=8 49
48% 49=9 4314 49%'193,705! 29% Mar. 22 49=8Seiit. 27
•17
17 14
1719 17%
17% 17 14 17% 17% 17%' 2,100, 14 June 13 19 Sept. 12
lOia 10=8 •lOSg 10"^
10=9 10%
10% 107.^' 1078 11
1,010
7% Mar. 28 11% Sept. 12
36I4 3038, 30% 30%
3fli4 37
36=8 3714I 37
4,510 26 Apr. 2 37% S»-pt. 19
3714J
2113 •21
•21
21
21% 22
21% 22
1,030 15% Mar. 21 23 14 Sept. 13
22
57
58
56% 57I4' 50% 57
13,833 41% Mar. 31 58'vSept, 19^
65% 5034 50
5U-'^'
27 14 27i4i 27% 27%
2014 26%
6.082 197e Apr. 3 2934 Sept. 11
2639 20 %i 20% 27 14
58% 60% 58=9 59=8 59% 0079 607a 61% 6114 6178 83.130 42% Mar. 31 04 Sept. 1
2II3 2434
26
24% 23 14; 25% 2359' 25% 25% O.OJOl 17% Mar. 27, 2t%Sept. 11
31%' 31
28'9 29%
31=9
29>4 29791 30
31
31% 71,600 17i4Apr. 2 31 % Sept. 28
2412 231a
25% 20>4l 20% 20 %i 26% 2714 27% 2710 4,890 15% Apr. 2 2734 Sept. lO
5138 52=8
5238
51%
52% 5178 52% 13i,0(i0; 48% Aug. 1* 547».S<5pt. S
517s 52%|
511a
22=9 23%; 23% 24%! 24% 25
2479 25%, 33,970 19 Apr. 2 20=8 May S
231a 24%
7II4
70=8
7013
71%
72
6,0.50 55
Jan. 6, 71 3i July 23
73% 73
68%
691a
•90
90 91% 91% 74%
•90
*90% 92
200 82% Feb. 13 91% July 25
92
92
91%
32I2
•31%
400
32% 32% 32%; 31% 31%
21 Mar 27 30% Jan. 5
32
•311a 32%
3-% Jan. 30
71
5,030 63 Apr. 2
71
72
71% 71
71% 7078 72
711a 7II3
312
1111411113 'Illl4ll2'4 112% 112%! 113 113
112% 113%
105% Apr. 3 1107k July 1»
9351 43
.5479
54
54
54
Mar. 29 01% Aug. 4
56
50
54% 55
.•.40
•98
98% 100 •99 100
98% 99
89 Mar. 29 105 Jan. 28
991a'
6,610 91 Apr. 2 114% Jan. 2»
101 105
105 100%
103 103% 103% 1047a 101% 105
25
2414 24%
24%
24%
18,090!
2379 241a
24%
2514 26
1878 June 6; 20 3i Sept. 8
14
•22
•22
7C0| 22
21
July 7 23% Aug. 3
23
23
23% 23
24
23
59I9
6178
59^8
60%
61%
.38%
60%
61% 62%! 75,958 48 Apr. 2 62% Sept. 2»
601a'
•14
910 12 Alar. 27 16 Jan. 314
14
14% 1434 1479 15
141a; *13% 15
7,03 J 21
Mar. 24 30 May 1
20% 26%l 20% 26% 2678 28% 27=8 28
261a 28=9
57
58
57% 58=8 58% 58% 58% 59% 5,430 44% Jan. 3, 00% Aug. T
57% 58
H»
ion's 100 '3
lti:% II2>«
prcf.
& Northwestern
pref.
l)o
CJhloaK" Rock lalRiid A PnoUlc.
Ohloavn
lutl. Hlooiii.
53 14
3t>« •3i^
112:ijli;tM
Milwaukee &8t.l'iml.
St.
9>4
*57'«
•S'J
A Qulncy.
" liuilliiifliin
ChloaKo
D>9
'K43s
•37 '8
.llli;..
>orn
fc..;
ChiiChi,'
.Sept.
Tbursdav,
Wivluesilay,
Hept. 26.
Tuosilay.
Si'pt. 25.
1,105
1,500
2,300
1,145
13%
9
33
8%
700 33
2,000,
100
Mar. 26, 34%
Mar. 19 13%
Mar. 311 41
Aug. 16' 15
Mar. 27,
10% July
19
June
6|
41
300; 35
Aug. 13
Mar. 22
525; 17
7,780: 24% Apr. 2,
50.883
/0090000
;
25
Mar. 21
Sept.
2»
Jan. 12
July 17
12
Sept.
Sept.
27
IHigjui.
27% Aug.
50 Sept.
30 Jan.
33-% Sept-
20
47%
44 % Sept
Mar,
71% June 2, 100
Prioea trom twtb Ezohan^e*.
IS
1
9
10
24
a.
THE (HRONICLE.
376
BONDS-LATEST PRICES OP ACTIYE BONDS AT
OUmng.
Bailroad Bonds,
Range Hnce Jan.
Sept.2\ Sept.28
* Pao.-W. D. Inc., 68, 1910
Guar., 48, 1937
i-yani
Atl.
24
Lowesl.
21
b.
19
80
82>4b.
8258
106
190» 105
OaD. South.— l8l guar., 5s,
t«2''8
92
•,;- Vion'
aa, 58, 1913
Central ol N. J.— l8t,78,1890.. 10514b. 1051a
N, Y.
Apr.
Jan.
[Vol. XLVII.
STOCK EXCHANGE, AND RANGE SINCE JAN.
Closing.
1.
Sept.2vSe21t.28
271s Jan.
May
104% Aug. 108% June
89 14 Mar. go's Aue.
104 Aug. 1081s Jan,
b.
121%b
I'iO
1111*
Jan. 120 June
OonBOl.79, 1899...
121 b. 115 Jan. I2313 Apr.
Convert. 78, 1902......;;
105
=8b.
105
--.
Iu6% June
198/..
13
98
Jan.
General mort., 58,
115i8b. 11213 Apr. 116
Aug,
£en. & W.B.,con.7B, 1909,M'nt 114%b.
i«b
b.
106
106
-•
101
109 June
Jan.
1?.21.
13
Am. Dock & Imp., 5b,
lll'eb. 114'eb. II3I3 Jan. 11613 June
Central Facitle— gold 6s, 1S9S.. 11578li115''6b. 1131a Apr. 116i4July
Ban Joaquin Br. Gs. 1900
lo2 b.
100 Apr. 103% Jan.
Land grant 68. 1890
105 14 101 la Apr. lOSMSept.
Mort. 68, 1936........---—,-„v
'98
112
IO514 Feb. II414 Feb.
Ches. & O.—Pur. m. fund 68,
6214 Mar. 76 Sept.
6«, KOld, 8er.B,1908,reorg.eor.
70 Is Sept
62 Apr.
ExScoup., 4s, l!>86,rBorg.cer. 7413b. 76 >s
•27
28
%b.
cer.
lO^Ss Apr.
29% Sept.
"s
reorg.
6«,carreucy, 1918,
ll2iab. 114
90 13 Jan. 114 Sept.
-,-.;;•,—•
Mort. 6e, 1911
106is0.
b.
106
103
llOia
1911
...
Mar.
Juiy
14
ones. O. & 80. W.-5-68,
Jan.
98
Apr. 103
Ohlo.Bur. & Nor.— l8t,58, 1926.
1903.
131
b.
134
June
1321s
Jan.
7s,
1291a
Ohio. Burl. & Q.— Con.
IO3I3
lOSiflb. 103
Sept. 1071s Feb.
Debenture 58, 1913
90isb, 91 a. 901a Sept. 95
Jan.
Denver Divls., 48, 1922
92 14
91 Sept. 97 Jan.
911s
Nebraska Ext. 4s, 1937 .. .... 118i«
1934
llS-s
6s.
113
Jan.
1181s Sept,
Chlo. & Jiast. 111.— Con.
ii9
99%
91% May 99% Sept,
Qeu.consol. Ist, 58, 1937
'36
a.
100
IOOI3 May
Apr.
96
Ohio. & Ind. Coal K., let, 58,
Apr.
C11.M11.& ttt.P— l8t,I.&M.7e,'97 :ii"b. 110 b. II4I3 Jan. 119
124
a.
May
123%
1231s Jan. 128
Consol. 78, 1905
108%b. 109 b. 1071s Sept. 114 Feb.
iBt, 80. Mill. Div.— 68, 1910..
'21
104
Aug.
la
107
101 Jan.
let, Chi. & Pac.W.Dlv— 58,
"9"9'"b. 100 b. 98 13 Sept. 104
May
Wis. AMin. Div.— 58, 1921
98 b. 100%b. 100 Jau. 103 June
Terminal 58, 1914
1391s Jan. 144 14 July
Ohio. & N. W.—CouBol. 7s, 1915 142 lab.
130
132 a. 120 June 1321s May
Gold, 7b, 1902
120 b. 120 b II8I4 Apr. 121 Feb.
Sinking fund 68, 1929
llOisb.
liOisb.
106 Apr Ill Feb.
Sinking fund 58, 1929
107 May. 11218 Sept.
Sinking fund debent. 58, 1933 lim.b. 112
lo5%
105
104 May. 106 ifl Apr.
26-year debent. 58, 1909.
9.'>l4
9413
4h, 1926.
91 Is Mar. 98 Any.
Extension
xtenslon 4a,
Juue
oil. E. I. & Pac— bs, coup. 1917. 130 lab. 131 b. 130 July 134
106% 106% 104 Mur. 108 May
Exten. i& col. 5s, 1934
121 b. 11919 Jau. 1231s May
Oh. 8t.P.,M. A O.—Consul. 6s. '30 1211s
May 100 la Jan.
Oh.St.L.A Pitts.— l8t,oon.58,'32 a7iaa. 97iaa. 97
July
Jau. 131
0. C. C. A Ind.- Consol. 78, 1914 130 b. 131 b. 123
110 b. Ill b. 107 13 Jan. 113 May
Gen. 6s, 1934
Miiy
Jan. 106
Col. Coal & Iron- l8t, 6s, 1900.. 10414b. 10414b, 100
80
63 Mar. 841s Aux.
Col. H. Val. <& Tol.— Con. 5b, '31 tO
8013b. 82isa, 63
Sept.
Gen. gold, 68, 1904
Mar.
,S7
Denver^ KloUr.- l8t,78, 1900 121 b.
llSisMay 121 14 Mar.
78%
Istcon. 48, 1936
781a
75 Mar. 791s Jan.
81 b. 80 b.
Jau.
83 Aug.
Den. & R.Ur. W.- let, 68, 1911
ABseuted
70 b.
Mar. 76 Aug.
71'b
Den. bo. Pk. <fe Pac— Ist, 78, '05 72 b. 71 b.
Aug. 81 Apr.
Det.Mac.&M.- Ld.gr.3is8,1911 32 b. 32 b.
May 43 Jan.
E.Ten.V.A G. Ky.— Con..58, '56 102
102 ifl
95% Jan. 103 14 July
Ellz. Ijex. & B. ttaudy- 68, 1902. 100%
100 b. 96 Mar. 104 Jan.
13534
Erie- let. consol. gold, 7s, 1920!
1321a Mar. 1381s Aug.
Hl'^iab, 112^
tiong Dock, 7s, 1893
Ill Jan. 115 Apr.
Il9iab. I19>«b. 115
Con. 68,1935
Apr. 120 Aug,
H.Y.L.E.&W— 2dcon.68, 1969 101 le lOl^^e
9218 June 101 'e Sept.
Ft. W. &Deuv.C.-l8t, 68, 1921 9OI4
92%
77% Apr. 93 14 Sept.
6al.Har.& Ban. Ant.— Ist, 6s, '10 10514b. 105i»b. lOlia Feb. 1061a May
2d M.. 78, 1905
98 Apr. 106 July
93isb. 90
West. Division— 1st, 58, 1931. 93%
Mar. 93% Sept.
Gr'nB.W.&st.P.- 2dmo.8e,1911 3214
25 Apr.
42% Juiy
33''b
Gulf Col.&8an.Fe— l8t,78, 1909 118
117%b, 117% Sept. I2214 May.
96I3
Gold, 6e, 1923
961s
94 July 98 Sept.
Henderson Br.Co.— Ist. 6e, 1931 107 4tb. 0838 107% Mar. IIOI9 June
H. & Tex.
123 b. 123 b.liii
l8t M. L. 78
Mar. 123 Sept.
iBt, West. D.. 78, 1891
123 b, 123 b.:il2 Feb, I2213 July
l8t,Waco&N.7B,1903
105 b. 105 b.'lOo June 114 Feb.
2d, consol. M. L. 88,1912
102 Feb. 1081s Jan.
Gen. mort. 6s, 1921, tr. reo... 7013b.
b.
65 Jau.
721a Sept.
Ind.Bl. <feW.— l8t,pret.,7B,1900 114ieb. 114ieb. 110
May 1121s Jan.
lBt,5-68, 1909, tr. reo
93isb. 9J
94 Sept.
80 May
2d, 6-68,1909, tr. reo
74i3 8ept.
7213
7319
65 Feb.
East. Dlv.— 6s, 1921, tr. reo.. 93 lab. 9314
80 May 9413 Sept.
Income, 6b, 1921, tr. rec
23 1 a. 2213b. 15 Mar.
25 Sept.
Int. & Gt.Nor.— l8t, 68,gold,'19 101»3
103 a. 981s May. nils Jau.
Coupon, 6s, 1909
64 b. 61 Apr.
77 Jan.
Kent. Centr.— Gold 48,1987
72
72
69 Jan.
75 Jan.
Knoxv. AO.— l8t, 68, gold, 1925 OSisb. 99
June
891s Jan. 100
L. Erie & W.— 1st g., 58, 1937 .. 106 In b
lOlij Jan. 110 May.
UkkeSh.—Con.coup.,l8t,78,1900 126%b. 127%"' 125 Feb. 12?ia June
Con. coup., 2d, 78, 1903.
l',£4%b. 125 lab, 12213 Jan. l26i4May.
liOng Island— Ist, 7s, 1898
122 b. 12214 b, 11913 May. 1221a June
let, consol., 58, 1931
114 b.
Ill Jan. 115 Juue
lou. & Nash.—Consol., 78, 1898 llaiab. 120 b 1161a Apr. 123 Feb.
N. O. A Mobile— Ist, 68, 1930- 113
113 b, lOSifi Jan. II5I2 Aug.
2d,6B,1930
99 lab. 99isb. 961a Jan. 100 May
B. H. & N.— iBt, 6s, 1919
114 b,
114 Feb. llOiaJuiy
General, 6s, 1930
113 b. 113
109% Jan. 115 May
TruBt Bonds, 68, 1922
108% 109
106% Mar. 110% May
10-40,68, 1924
101 lab. 103
101 June 104 Fes.
60-year 58, 1937
100 b. 101
9913 Mar. 102% Apr.
Lon. N. A. A Ch.— Ist, 68, 1910, 113 b. 114
107 14 Apr. 115 June
Consol., gold, 6b, 1916
97
97
87% Apr. 97 Aug.
Hem. & Ch'leton— 68,gold, 1924 104%a. 102 h. 100
Jan. 1051a June
Metro. Elevated.— let, 68, 1908 115
ll4i4b.!108i8Mar. 117
May
2d, 6b, 1H99
loeiab. 10, 13b. 103
Jan. 108 July
Mich. Central— Ist, con., 7b, '02 131
131 b. 126 May 131 July
Consol. 58, 1902
lll%b.
1071s May. lllis Aug.
MlBB'ri Pac— 1st, cons., 68,1920 113
112
107 Mar. |113is Jan.
8d,7B, 1906
117 b. 117
|115
Jan. 118
Feb.
Pao. of Mo.— 2d M.. 78. 1891. 106 b.
1104 Jan. I1O8
May
NOTB—The letter" b" Indicates price but, and " »" prioe aslud; allothe
.
C-
Range smee Jan.
1.
Railroad Bonds.
Highest.
34
1888
1,
Mil. Lk.Bh. & W.— let, 68, 1921. 120 a. 119 b. 118
June
Milw. A Nor.- M. L., 68, 1910.. 108 b, 108 b. 105% Jan.
107%b. 10719 104% Jan.
Extension. Ist. 6«, 1913
Minn. & St. L.— Ist, 7s, 1927.... 91 b. 93 b. 91 June
Mo. K.&Tex.— Con., 6b, 1920... 6514b. 6514
57% June
60
60
Consol., 58, 1920
50% Mar.
92i«
9378
Consol., 78, 1904-5-6
90 Mar.
Mobile & Oliio— New, 68, 1927 .. 113iab 116 a. 108% Jan.
48 b. 47isb. 38 June
General mort. 48, 1938
Mutual Un. Tele.— 8. f., 68, 1911 96 b. 98
81% Jan.
Nash. Ch. & St. L.— 1st, 7s, 1913 128 b. 128 19b 128% Jan.
106i4b. 103
N.Y. Central— Extend., 58. 1893 106
May.
N.Y.C.&H.-l8t, oil., 78, 1903 131 b. 134 i«b. 132% Jau.
llCga. 11058 103% Apr.
Debenture, 58, 1904
132i2b. 132%b. 127% May
N.Y.&Har.— 1st, 78, 1900
86I4 Jan.
93%
N.Y.Chlc.&St.L.- l8t,4s, 1937.. 92
N.Y. Elevated— l8t, 78, 1906.... 116 b. 116%b. 114
Mar.
131
N. Y. Lack. & W.— 1st, 68, 1921. 13019
127 Jan.
IIII4
111 14b. 10773 Jan
Oonstructlon, 58, 1923
109 b. 109 b. 102% Jan.
N. Y. & Nor.- let, Ss, 1927
N. Y. Ont. & W.— Ist. 68. 1914.. 11113b. 112 a. 109 Jan.
94%b. 94 '8
N. Y.8U8. AW.— Ist ref ., 58, 1937
90 Mar.
Midland of N. J.— Ist, 6s. 1910 115 b, H5ie 109 Apr.
Norfolk A West. - Gen., Os, 1931 11919b. 11919b. 112% Jan.
117 a. 115% Jan.
North. Pacltlc-lst.ooup., 68, '21 IIHI4
113 b. II314
Qen'l, 2d, coup.. 1933
102 Jau.
98 19b. 9814
Geu'l 3cl, coup. 63. 1937
89 June
N. Pao.Ter.Co.— 1st, 68, 1933. .. 105 %a. IU419
99% Jan.
Ohio A Miss.— Consol., 78, 1898. 117 b.
111% Jan.
118 b.
116 Apr.
2d, oonsol..7s, 1911
OhioSouthern- l8t, 68, 1921. .. 102 b. 105
99% Jan.
46 b. 47%
2d,luo.,68, 1921
29 Mar.
Omaha & St. L.-lst, 48, 1937.. 71iab. 7119b. 70 Mar.
104
104
b.
9414 Jan.
Impr.
1910
19
Oregon
Co.— 1st, 68,
Ore. li. A Nav. Co.— Ist, 68, 1 909 109%b, 109%
108% Feb.
103
9t)i4 Jan.
Consol., 58, 1925
Oregon A Tiansoon.- 68, 1922.. 101 b. 10219
93 Jan.
b.
108
104
b.
68,
Evans.—
'20.
106
Jan.
Peo.Dec.A
Ist,
EvaUBV. Div Ist, 68, 1920... 104 b. 104 lab. 102 Mar.
74»8b.
76
69
Mav
2d mort., 58. 1927
88i4Sept.
881a
88%
Phil. A Real.— Geu. 48, 1958...
b.
89
89
85
1st pref. income .TS, 1958
14 Aug.
76
75%
2d prof, income 5e, 1958
69% Aug
6678
66=8
59% Aug.
3d pref. inoiiine 5s, 1958
Rich A All.— Ist, 7s, 1920. tr. rec 57 b. :9i9
51 Apr.
Riohm. A Dan.— Cons.. 68, 191.'^ 1151a 115 b. 109 Jan.
8914a. 89%
80 Apr.
Consol. gold 5.1, 1936
9419
Rich. A W.Pt.Ter.— Trust 6e..'37 94
85 Apr.
116 Mar.
Kooh. A Pitts.— Ist, 68, 1921...
114isb. 115
113 Jau.
Consol., 6s, 1922
Rome W. A Ogd.— Ist, 78, 1891. 1091411. lOrfiab, 107 Jan.
107H!b. 108
loo's Apr.
ConsdI., extend., 5s, 1922
105 isb. 100 19
98 Jau.
at Jo. AOd. I8l.— 1st, 68. 1925
50 a. 45 b, 40 May
2d,incoiue, 58, 1925
St.L. Alt.A r.H.- iRt, 78, 1894. 114 b. 114 b, 112 July
10778b.
108 ^b.
2d, M., pref., 78, 1894
10314 b. 103 lib' 103 Jan.
2d., M.,luo.. 7s, 1894
41 b.
35 Apr.
Dividend bd8, 6s, 1894
99
98 Jan.
St. L. Ark. A Tex.— 1st, 68, 1936 98^8
36I3
40
36 Sept.
2d, 6s, 1936
106% Mar.
St. L. A Ir. Mt.— Ist, 78, 1892... 107 b. 107%
109 lab. 110%b. 105 June
2d mort., 78. 1897
103%b, 102% July
Cairo A Fulton-lst, 7s, 1891 101
80 Apr.
Gen. Ry. A laud gr., Ss, 1931. 851sb. 87
116iab.
liessb. 113i4Jan.
01.
A,1906
San
Fr.68.,
L.
A
St.
llBifib. 110%«. 115% Jan.
68, Class B, 1906
1171s a. 118 -a. 114 Jan.
68, Class C, 1906
—
.
Qen'l mort., 68, 1931
Geu'l mort., 58, 1931
10219 a.
Paul M. A
2d, 68, 1909
114
121
St.
M.— l8t, 78, 1900
b.
b.
11719b,
reduced to 4198.. 9714a,
Ext. 1st, 48, 1937... 87
latoous., 68, 1933
Do
Montana
114%a. 112
121 b. 118
114
Tex.
.
.
2d, gold, inc.. 58, '2000
Tol.
b.
A Pac— Ist, gold, 58. .2000 94
A.A.
Tol.A.A.
AN.M.— lst,6s,1924.
A Gr.Tr.— Ist, 6s, 1921
96i4b.
1
r
101%
101
10 li
9978b. 93
11,
C—
106% Jan.
116
50
99
132
Jan.
Aug
July
June
106% Sept.
136% June
112
133
93%
July
Jan.
Sept.
118% June
133
June
12
July
1
108% Sept
118 Sept.
95 14 Aug.
115% Sept.
120% Aug.
119% June
113% Sept.
101
100
Sept,
Sept.
19
June
119
Jalj
1
106% May
49
76
105
113
104
Sept
Jau.
May
May
May
102% Sept
112
107
70
891,1
Juue
May
Sept
July
89% Sept
76% Sept.
67% Sept
62
110
90 14
98 14
118
Aug.
June
Sept
July
Feb.
117i4May
110% May
108 14 June
100% Sept.
52
Aug.
114% May
II014 Jan.
105 Apr.
42% Aug.
10414 Feb.
48% Jan.
111% Jan.
112 Jan.
105% Jan.
92% Jan.
119 July
June
Sept
Juue
June
July
Apr.
Jan.
105% Aug.
87
May
18%
Jan.
116
Mar.
108% Mar.
92 May
95% Aug.
38 14 Juue 45 Aug.
85 Jan. 104 May
105
A Ohio Cent.— l8t. 58,
prices
Jau.
Jan.
13 Apr.
11514b. IIII4 Apr.
107% IO514 Jan.
10114b,
1935 9919b,
lst,68, 1916 93%
Tol.St.UA Kan.
llo58b,
Union PaciUc-lst, 68, 1899
103 b,
Laud grant, 7s. 1887-9
116 b,
Binkliig fund, 88,1893
Kan. Pacittc— let, 6s, 1895....' 11014b,
111 b,
Ist, 6s, 1896
116 b,
Denver Div.— 68,1899
109%
iBt consol, 68, 1919
Oregon 8h. Line -Ist, 68, '22.. 10758b
Virginia .Mid.— Gen. m., 5s, 1936 82 b,
Wab. St.L. A Pao. - Gen., 68, '20 41 b
Chicago Divison- 5b, 1910..
Wabash— Mortgage, 7s, 1909
Tol. A Wab.— l8t, ext., 78, '90 112 b,
iBt, St. L.Div.. 78,1889
2d, extended. 78, 1893
90 b
Con., oonv., 7s, 1907
Great West.— Ist, 7s, 1888.... I12%b.
2d, 78, 1893
90 b
Weat Shore— Guar. .48
IO314
Wheel. A Lake E.— 1st, 5s, 1926
Tol.
Feb.
110 Jan.
73 14 Jan.
64 14 Aug.
Jau.
97
69
94
43
421a
Mat.
108%
1 17
Apr. 120%
Mar. 120
96I4 Apr.
98%
80 Mar. 87%
95
90 Jan.
36I4
29 Apr.
87 b.
94%
Shenandoah Val.— Ist, 78, 1909.
35^8
36%
Gen'Imort., 68, 1921
104
b,
103
b.
80. Carolina— Ist, 68, 1620
77iab, 77 %b.
2d, 68, 1931
14%b.
15 b.
Inc., 68. 1931
PacOal.— 1st, 68, 1905-12..
106
Pac, N. M.— 1st, 6s, 1911
121% Apr.
111
119% June
119% July
112% Jan. 118 June
100% Jan. 105% June
93
80.
So.
Highest.
Loteesi.
93%a.
91
11614b. 114
103%b. 100%
116 b. 113%
110 b. 109%
Jan.
Jan.
107% May
101
June
June
94
Feb.
Jau.
Apr.
Apr.
Feu.
117%
104%
121%
112%
Juue
Mar.
May
Jan.
109% Feb. 112 May
112% May 116 Apr.
109% 101% Jan. 110i4May
107%b. 100 Feb. 109% July
111 b.
116'ia.
.
84 Sept
Jan.
Apr. 47 Jan.
Jan.
98% Feb.
90 Jan.
Feb.
Apr. 112 Aug.
IO7I4 Apr. 111 July
91 Feb.
90 b 85 Apr.
90 Jan.
83 Jan.
112 b, 105% Apr. IIII4 Aug.
90 Jan.
93 b, 85 Mar.
9973 Jan. 10458 June
103%
94% Jan. 102% Sept
102%
84
40
a.
b.
78
37
93
84
107
and the range are from aotaal Bales.
STATE BONDS.
BECURITEEB.
I
Alabama ClassAStoe
OUbb B, 5b
1906
1906
Olaas 0,48
1906
68, 10-20
1900
Arkansas— 68, funded. .1899-1900
7s, Little Rock A Fort Smith, Iss.
Bid. Ask.
SECURITIES.
Bid.
103% 104% Missouri— 68
due 1889 or 1890 102
108 112
Asylum or University, due 1892 101
100
102
7
8
104
105
13
Memplils A Little Rock, iss..
8
Arkansas Central KR...
5
12
eeorgla-78, gold
1890 105
IionlBlana— 78, cons
1914 108
Stamped, 48
90% 91
78,
7b,
MIobigftn
—7^
'iQpVi
in.'i
South Carolina— 68, non-fund. 1888
Blown
1894-1895 107
1892 110
6s, loan..
i893 110
North Carolina— 68, old
JAJ 35
Funding act
190O 10
New bonds, J. & J. ...1892-1898 20
Chatham
loan
fl«...
l...!mii
"
1910
1
01 o
94
93
12-^%
3
I
".T
Ask.
3%
1893 104 106
61
64
1892-1898
74
3-4-5-68
1912 70
Com promise,
1913 103% 104%
New settlement— 68
97
99
1913
6s
3s
1913 68% 69%
Virginia— 68, old
48
70
68, conpoliduted bonds
-.
50
68, consolidated, 2d series
con.solidaled 6b
TeuueHsee— 68, old
RR
Special tax. Class
Consolidated 48
Bid.
Rhode Island— 6b, oou.. 1893-1894 110
Funding
New York—6s,
SECURITIES.
Ask.
<l
September
THE CHRONICLE.
30, 1888.]
377
BONDS-STOCK EXCHANGE (Jl'OTATIONS ON FRIDAY OP INACTIVK BAILKOAD BONDH.
BM.
BECURITIEB.
BEODRITIE8.
Ask.
Railrond Bonds.
Bid.
Erie— (Continued)—
5th, extended, 4a
1928 101
!36
Ist, cons,, fd. coup., 7a
1920
Roorg., iBt Hen. 6b
1908 105
•130
93
92
1937
B. N. Y. 4E.-lHt, 7«
1916
t'lilr. s.
102>i
,\Ciil.-l6tg.. .Sii.1987
N. Y.
E. 4 W.—CoL tr., 6al922
ai'
84
9S
Be«cii C'r.'i k iHt Kuld,4a
1980
Funded coui>..9s
1989
87
Bmlt. .« Onio-lBtGs, ParkB ..1919
Bnff. 4 8. W.-Mortg. 6a.... 1908
193^ ioi'
Evan. 4 T. H.- lat, oona., 68.1921 1161s 119
^^, Kolrt
CoiiH. iiiort.. K<<ld, 5r
1988 '108
Mt. Vernon- Ist, 68
19iJ3 1071s
105
BoBt. Il.Tun.& W.— Deb.88...1913
97>a 98 H Evans. 4 Indian.- lat, cons. .1926
110
Eureka Springs U'y. Ist, 68, g.l933
Brooklyn Elev.-lBt, O., 6a... 1924
(SltKk Exchaxoe ITicet.)
.V San. Fo—4>»8...1920
At'h. Tod.
IIUI
BlnkiliK- lim.l, li«
riillalcrMl rniBt, !>»
100
107%
U
I
.
2il, 3 .1»
1915
Brunswick 4 We9t—l8t,)t.,4B.19,18
Barl. Co. Rap. & No.— 1st. 5f>. 1906
Consol.
A
col. tr,
1934
6b
& St. L.-l8t7B, (TO .1927
A West.-lBt 78. ...1909
Kap. L F. 4 N., Ist 68.1920
Mlmi.
Iowa
Cert.
94>4
95
85
95
C.
iBtas
104
»7
1921
Central Iowa— Ist, 78, Tr. Recl89P
£a8t'n Dlv.. 1st, 68
1912
Illinois Division— Ist 68
1912
Conn, gold lioiirts, 68
1024
Cent. KK. A Bank.-Col. K..58.1!)37
Olies.
85
A O.— 6s, gold,
80
58
811s
45
103
Coupons off.
480. We8t.-2d 6s. ..1911
4 Alton— 1st, 78
1893
Blnkinehmd, 68
1903
Louis. & Mo. River— IstTs.. 1900
2rt78
1900
Bt. L. Jacks.* Chic— l8t, 7s. 1894
iBt, Kuar. {biii). 78
1894
admortK. (3t!0),78
1898
2d, guar. (ISb), 79
1898
Ches. O.
ChlCBKo
lU
77
111
113
1!)05
117%
117%
115
83
1051s
1923| 103
Cent, of N. ,r.-Conv. delj. 68.1908 103 "i
Chic. M.& 81.P.— l8t, 8s, P. D.1898 12iie
2d, 7 3-lOs, P. D
1898 117ie
Ist, 78, S g., R. D
1902 1231s
iBt, La Crosse Division, 78. . 1893 110
Ist, 1. 4 D., 78
1899 117
1st, C. & M., 78
1903 12312
Ist, 78, 1, it D. Ext
1908
1241s
1st, 8. W. Dlv., 6s
1909 'Ill
lat, 58, La C. & Dav
1919 '.00
1st, H. 4 D., 78
1910 1201s 1211s
1st, H. & D., 58
1910
Chicago & Pacific Dlv., 6s. .1910 117
* Mo. Ri v. Div., 58 . 1926 99i« 100
Chic.
.
Mineral Point Div., 5s
.
1910
&
lUOifl
S(9
L. Sup. Div., 58
1921
Fargo & South., 68, Asau ...1924
C.
Inc. con V. sink, fund 58
Gt. South., 58
&
121!%
1916
1916
Dakota 4
Chicago
Northwestern
fiecanaba 6c L. 8.— Ist, Ci... 1901
Des M. 4 Minn.-l8t,7B
1907
Iowa Midland— 1st, 83
1900
PenlnsiUa— lst,conv.,7t
1898
Chic. 4 Milwaukee— Ist, 78.1898
Win. & St. P.-2d. 7s
1907
Mil. 4 Mad.— 1st, 68
1905
Ott. C. F. & St. P.-lst, 58.. 1909
Northern 111.— Ist, 5
1910
Cl. Col. Cln. 4 lud.— lat, 76. 8.f.'99
Consul. Blnk. fd., 7s
1914
110
•123
134 >s 135
•128
12Uis
132
112
108
106
121%
1U4
Chic. St. Paul M. 4 O.—
Chic. S. P. 4 Minn.— 1st, 68.1918
125
Ho. Wisconsin- Ist, 68
1930
Bt. Paul 4 S.
1st, 68 ....1919 126
C—
Ohio. 4 E. m.— Ist,
Chic. St. P. 4 Kan.
cur.. 1907
8. f.,
C- 58
193B
.
.
Mobile 4 Ohio— Col. tr., 6s ...1892
ll!i!7
1st Extension 68
95 100
1931
St. L. 4 Calro-48, guar
Morgan's La. 4 T.-lat, 69.. ..1920
l8t, 7s
1918
1121s
1191s Nash. Chat. 4 St. L.— 2d, 68.. 1901
1928
consol. gold, 58
94
N.J. June— Guar. l8t, 48
1986
93I4 9358 N. Y. P. 4 O.—Prior lien, 68 ..1895
100
N. Y. 4 Northern.— 2d, 48. ...1927
75
N. Y. 4 New Bug.— Ist, 7s. ...1905
I
j
*
Ko
5s
price Friday
1920'
:
Cftl. 4 Orngon-8«r. B., 6 1892
West. Paclflo— Bonds. Bs ...1899
No. Railway (Cal.)— Ist, 69. 1907
102
lU^C
i'l2>t
South.PacArlJi.- Ist 68.190910 107 108
Union Pac— lat, 6e
1896 113 113^
1st, Oh
1897 1131*
1st, 69.
1898 114
Col. Trust, 68
1908
Col. Trust, 58
1907
C. Br. U. P.-F. 0.,7s ....1895 'ioe<«
Atoh. Col. 4 Pac— 1st, 68.1905 105
Atoh. J. Co. 4 W.— Ist, 68.1909 103
Ut. Bo.—Oon., 7s
1909 97 100
Exten.. 1st, 79
1909
»9%
Utah 4 .North'n.-O., .')S .1926
Ml9fiOuri Pac—Trust, g.. 58,1917
.
120
i
4th,ext«;ntlt.il.
w
Peoria 4 Pek
110
2dM.,4ifla
1921
Paoinc KRi. -Central Paoldo—
Oold honda, Os
1895 114%
Oold bonds, Rs
1898: 114%
Oold bonds, 6s
1897 114%
I'Tt 4 P. Mar<|.-M(>rtK.,6s...l920
122
Grand Ran. 4 Ind.— Gen. .5a. .1924
Green B. W. 4St. P.-lst, 68 1911
118
Kan. 4 Bt. Jos.— Cona.. 68
1911 117
Houston 4 Tex. Cent. Istm 1. 1 rec 115% 1161s
II514 II7I8
West Dlv. 78, tr. rec
112 113
2din. 88 M. 1. tr. rec
Hous. E. 4 W. Tex -1st, 78. ..1898
Illinois Central- 1st, g.,4s. ..1951
1051s
94 Is
Ist. gold, 3>s8
1951
Gold 48
1952 99
II4I9
Springf, Dlv.— Coup.,.. 6s, 1898
Pac of .Mo.— 1st ext. Is ..1988 97% 98
Middle Dlv.-Reg., 58
1921 113
Bt. I.ouls 4 San Francisco
O. 8t. L. 4 N. O.—Ten. L, 78. 1897 •118*4
Ist, 69, Pieroe C. 4
1919
1st, consol., 78
1897 119
Equipment, 7s
1895 108
2d, 68
1907
Ist, trust, gold, 5s
1987
102%
118
Oold, 58, coupon
1951
Kan. City 4 8.— 1st, 6s, g.l916 ioo'
Dub. 4 8.
2d Dlv., 78 ...1894
Ft. 8. 4 V. B. lig.— l9t, 68.1910
iba"
69
Ced. Falls 4 Minn. -1st, 78.1907
St. L. K.4S<i.Wn.— l9t, 69.1916
Ind. Bloom. 4 Western
Kan.sas .MId'd.— l9t. g. 48.1937
95
Ohio Ind. 4 W.— iBt, pf., 5e.l938
Tex. 4 Pac.E.Dlv.-lsi, 68 1903 107»s
1st, .58
821s 86
1938
Pennsylvania RR.—
2d, 58
1938
Pa. Co. '8 guar. 4is8, 1st op. .1921 108
109^
Indianap. D. 4 Spr.—
Pitts. C.48t.L.— lst,op..78. 1900 118
1st, 78, ex. fund, coupon.... 1906 101
Pitts. Ft.W. 4C.— lst,78...1912 142
75
Ind. Dec. 4 West.— M. 58
1947
2d, 79
1912 110
50
2d M. inc. 58
1948
3d, 79..
1912 131
Kan. <Mty 40iuaha-lstg. ."58.1927
85%
Clev. 4 P.-Con9., s. fd., 7s. 1900 128%
Kan. C. Wyan. 4 N. W.— l8t,58.1938
4th, sink, fd., 68
1893 1061s
Lake Shore 4 Mich. 80.—
St. L. V. 4 T. H. -lat, g.,7a.l897 '114)s
Cleve. P. 4 A.— 7s
1892 •11214
108
2d, 7a....
1898
Butr. 4 Er.- New bonds, 7a. 1898 •122
2d, guar., 78
1898 •1081s 111
Kal. 4 W.Pigeon— 1st, 7a.. .1890 104
105
Pine Creek Railway—«8 of 1932 100
74i«
Det. M. 4T.— Ist. 78
1906 1261s
Pitts. 4 Westei n-lst, g., 4 s 19 17
Lake Shore— Div. bonds, 78. 1899 124 126
Pitts. Cleve. 4 Tol.— Ist, 68... 1922
Consol., reg., 1st, 78
1900 1251a
Pitts. Junction— l8t, 68
1922 108
Consol., rcg., 2d, 78
1903 lii5>4 i26it Pitts. McK. 4 Y.— lat, 6a
1932 115
Mahon'g. Coal RR.— Ist, 58.1034 105% IO6I4 Pitts. Y. .« Ash.- l8t5a
1927
Long Island— OcnerHl, 4s
1938
Rochester 4 Pittsburg—
100
N. V. 4 R'way B.— l8t,g.,5s.l92
Buff.RoeU.4Pitt8.— Gen., 58.1937
N. Y. 4 M. Beach— 1st, 78. .1897
Rich. 4 Dan v.— Debenture 68.1927
95
N. Y. B. 4 M. B.-l8t,g.,59.1935
Debenture, ex coupon
97
LoulBv. 4 Nash.— Ceo.Br.— 7s. 1907 104
Atl. 4Cliar.— lst,pr.,78....1897 110
Pensacola Div.— «s
1920 103
Incomea
1900 100
St. Louis Div.— Ist, 68
1921 *112
93
San Ant.4 Arans.-lst,6s,'85-1916 90
91I4 92
2d, 38
1980 58
1926
Ist, 68, 1886
Na8hv. 4 Decatur— iBt, 78. .1900 118
Boloto Val.— 1st, cons., 78
1910
1910
8. 4 N. Ala.— S. f., 68
Coupons oil
117
Louisv. C. 4L.— 6s
1931
St L.4I.M.— Ark.Br.,lat,7a.l895 108%
93
95
Pens. 4 At.— Ist, 68, gold.. 1921
Cairo Ark. 4 T.-lst, 78. ...1897 103
1931
Collateral trust, 58
St. L. Alton 4 Ter. Haute—
86
Lou. N. O. 4 Tex.— lst,4s.... 1934
Bellev. 4 So. 111.— Ist, 88. ..1896 117
1934 40
1923 110
2d mort., 58
BeUev. 4 Car.— 1st, 68
2.5
Manitoba S. W. Col.— G. 58.. .1934
St. Louis 4 Chic— Ist, oon. 6s. 1927
8t.P.MIun.4.M.— Dak.Ext.,08.1917 120 121 It
Mexican Cent.- New, ass., 4s. 1911
1922
Michigan Cent.— 6b
1909
Min's Un.— Ist, 68
111
..1931
Mont. Cen.— 1st. guar., 68. .1937 ill" iiiij
Coupon, 5s
1891 103%
St. Paul 4 Duluth— Ist, 58. ...1931 110
Jack. Lan. 4 Sag.— 68
90
Milw.L.S.4W.-Conv.deb.,58.l907
BoduB Bay 4 80.— 1st, 5s, g...l924
113
50
1909
Michigan Div.— Ist, 6s
1924
Tex. Central— lat, a. f., 78
192.'>
113
50
1911
Ashland Dlv.— 1st, 68
1st mortg. 78
82
92
1905
Minn.48t.L.— I-a Ex.— l8t,78. 1909
Tex. 4 N. O.— ist, 7a
58
1912 '100 i05
Sabine DIvlaion, lat, 6a
2d mortg., 7s
1891
78
Southwest Ext.— iBt, 78
1910 8058
Tol. Peoria 4 W.— Ist 4s
1917
95
1921
Tol. A. A. 4 Mt PI.— 68
1919
Paclflo Ext.— Ist, 68
60 Tul. A. A 4 cad.—68
1922 54
1917
Impr. 4 equipment 68
991s 101 1«
109 >•
Minn. 4 Pac— 1st mortg. .58.. 1936
VaUey Ry Co. of O.— Con. 68.1921
Minn. 8.8te.M.4Atl.— Ist,5s..l926
Mo. K. 4 T.— ConB.,2d, Inc.. ..191
18901
H. 4 Cent. Mo.— lat, 78
4 N.W.— Istg. S8....1914
4 W. lud.- 1st, 8.f., 68.. 1919
General mortgage, 6
1932
Ohio. 4 St. LouiB- Ist, 6s
1915
Cln. L8t.L.4 Chic— l8t,g.,48 .1936
Cln. Jack. 4 Mac— l8t,g.,58 .1936
Clevelaud 4 Canton— 1st, 5s.. 1917
Ool. 4 Green.— Ist, 68
1916
2d, 6s
1926
OoL 4 Cin. Midland— Ist, 68. .1914 90
93
Coeur d'Alene. 1st, 68, gold...l91e
DeL Lack. 4 West.- Couv. 78.1892 il6"
Mortgage, 78
1907 136 133
Svra. Buig. 4N.Y.— l8t,7s.l906 13638 137
Morria 4 Essex— 1st, 78
1914 I4314 143 isl
2d, 78
1891 107^1 108
Bonds, 7s
1900 122 L24IS
76 of 1871
1901 l'.'7
1st, cou., guar.,78
1915 1381* 140
DdL 4 Hud. Canal—1st, 7s.. .1891 107% IU8I3'
lat, ext., 78
1891 109
110
Coupon, 78,
1894 U6I4
Pa. Div., coup., 78.—
1917 I38J4
Albany 4 Suae;.— Iet,gu,,78.iyu6 •134
lit, cons., guar., 68
1906 1V!4 I24I4
Eens. 4 Bar.- Ist, coup., 78. 1921 146
Det. Bay C. 4 Alp.- Ist, 6
1913 I0UI3 107%
Dulutli J; Iron Kauge— Ist, 58.1937
96
97
Dul. So. Sh, 4 Atl.-58
1937
92%
£. Xenn. Va. 4 Ua.— lat, 78... 1900 123
123
Divisional 58
1930
110
B'y 1st ext., goll.Ss
1«37 93%
Mol)ile 4 Birui.— Itt, g., os 1!»37
93
94
E.4 W .of Ala.- lBt,c-ouo.«i9, g.,1926
EUB.C. 4N.— 8.f., deb., 68. ..1921
lat uortg.,68
IVM
Erie— Ist, extended, 7a
1897 1191s
2d, extendeil, 58
1919 112
3d, extBUilid, 4188
1923 106
Mlun.
Ohio.
BfaL
6*. ..1910
U'u— 1st, 6«.... 1021
fd., »nl».,
C—
123%
119
118
117
'115
MlSB. R. Brirtite— Ist, s.f. 68.1912 1071s
110i<
Chlo. BurlluK. * Q.— 5s, e. f. ..1901
IowaDlT.-8luk. fund, &s. 1919
96
Sinking fund, 4a
1919
91
Plain, 4s
192]
Clilc. Burl. A- No.-Deb. 6«
1896
Ohlc. Rock Isl. 4 Pac—
83
86
I>e8 Momcs 4 Ft. !>.- l8t,48.1905
1st, 2»as
19051
Exten8lou,4s
Keok. & Des M.— iBt, 98
Panama—Sink,
.
A...1908
1 now
ser.
BKouRmat.
Aak.
1905
N.Y.8uaq.4 West.— Deb. 6s... 1897
1937
2d, 41S8
N. Y. N. H. 4 H.— 1st, reg. 48.1903
...1912
N.Y.Tex. 4 Mox.-lst, 48
Northern Pac -Dividend scrip
Dividend extended
James River VaL-lst, 68. .1936
Spokane 4 Pal.-lst, tis....l936
St. Paul 4 N. P.— Gen., 68.. 1923
88''8
Virginia Midland. -Inc., 68. ..1927
Wabash St.
•102
106 19
721s
104
57
Ist, 6s
Helena4 liodM'n-lst,g.,68.1U37
DuL 4 .Manitoba— l8t,g. 68.1936
Do Dakota Div.— Ist. 68.1937
4 Butte, lat. 6a.l937
Drummond 4 P'bg— let, 5S.1937
Helena dc No.— Ist, g'd, 58.1937
La M. 4 Mo. Blv.-lst, 5s .1937
N. O. 4 No. E.— Pr.
g., 6a ..1915
1926
New Or. 4 Gulf -Ist, gs
Norf. 4 W.—New Rlv.— lst,68.1932
1934
Imp. 4 Ext., 6s
Bel. B.Val.
80
110
On<Lon A Cal.- lHt..'is...
made
thla
week.
88%
•
.
Toledo 4 Wab.— Ist ext., Tr. reo.
St. Louis Dlv., 78, rruat reo
2d M. ext., 78, Trust roe . ...
Equip, bonds
1883
Consul, couv., 78, Trust reo..
Gt. West.- l9t. 79, Trust reo ..
2d, 78, Trust rec
Quln. 4 Tol.— Ist, 7s
1890
15
80
90
•
I'enn. Dlv., Ist, Os
BIT. Dlv.— iBtcon. 6s
1917
1917
4 L—6s,g..l9l7
4 Hook. Coal
193"
a60rgla(Jo..N. C.-6S
Free List.
Cln.48p.— lst,g.,L.S.4M..7s.l901
Un. Ham. 4 D.iy. cun.a.f. 7a..l906
1891
Cumberl'dA Pa— lat, 68
189b
Erie * PUIS.— Consul. 78
Galv. II. 4 II. of '82.— lat, 98 lUli
78
1889
l^t,
Jefferaon KK.—
N.J. south.-ru— Int. guar. (Ja.l«9v
St. L. Soutbern— lat. gld...ta 1931
......
106
Am. Water Works Co., 1st. 68. 1907 •ioi"
renn. Coal Iron 4 Railway—
110
100
•>*••
4 Naples— Ist, 78. ...1909
••••
111. 4 8o.Iowa— lst,ex.68.1912
Bt.L.K.C.4N. -R.E.4 RR.7s.'95 109
1919
Clarluda Br.-6s
CoL
.-•>••
91
.
117
•->••
91
91
90
.
Han.
89>*
1910
103
1924 110
19'27
—
1896 115
No. Missouri— iBt, 7s
We8t.N. Y. 4 Pa.-lst, 5a ....1937 > •
1927 • 38
2dm. gold 3-58
Warren 4 Frank— Ist 7s. ..1896
101
lei's West. Va. C. 4 Pitts.-lst. 63. .1911
101»8
West. Union Tel.—Coup. 78. .1900 119
1904
S. W. Telegraph— 78
Market St. Cable Ry., 1st, tis.1913
Mauhat. Beaoh Imp. Co.— 7s. 1909
1903
Equipujent. 68
tlmcu Val.D., Istequly. Sa.l957
1920
Ogd. 4 Lake Oh.— lat, 6a
Ohio 4 Mi«s.—Cons., 8.f., 78.. 1898 •117
Sp'gllolil Dlv.— l8t,78
1906
1932
Geueral 5s
1936 100
Ohio River RR.-l»t, 58
1937 80
Oeneral mort., gold. As
these are latest quotations
,
Indianapolis Div. 68
1921
Detroit Dlv.— 68, tr. rec ....1921 •110
1931
Cairo D1V.-58
• 87
Wabash. M., 78, rmst rec ..
St.Charles Br'ge— lst,6s.l908
104
102
118
1.,
Adjustment M., 78
4
L.
Pao.—
5s, Trust reo
Div., 6s
Chicago Dl V,
Havana
•110
•120
125
1071s
99
56
.
93'>ii
39
-->•
120
'."7Z
87
aiH
87%
90
96
ib2" 10S>a
1I2
10
lOllt
.00
xn
-••*••
THE CHUONICLE.
378
New York
City
Bank Statement for the week ending Sept.
We omit two ciphers (00) in all coxes.
23, 1888, is aa followe.
Banks.
LegaU.
Specie.
SuTplMj.
Capital.
Deposits.
SECURITIES.
$
$
Bank of J^ew Tork..
Manhattan Co
... ...
2,000.0
2,030,0
2,000,0
2,000,0
.S, 000,0
1,000,0
1,000,0
1,621,5
1,171,1
300,0
6,5,S1,0
1,489,5
1,907,6
501,
2,216,
211,L
1,000,0,
Hechanica*
America
Phenlx
Oty
Tra*teftmen*a
Cbemical
Merchants' Kxch'nge
eoo,ol
1,000,0
O-allatiu Katioual..
Bntcbera' & Drovers'.
Hechanics' & Traders
300,0
200,0
200,0
600,0
300,0
Greenwich
Xeather Mannfact'rs.
Eteveuih National..
Btate of New York
American Exchange,.
Commerce
Sroadway
Mercantile
Pacific
Kepnblio
Chatham
..
Peoples'
,
North America
Hanover.
,
Irving
Citizens*
& Fnlton
8t. Nicholas
,
Bhoe & Leather
Corn Exchange
CjntiuentaL
Oriental
Importers'
,
<&
Traders'
Park
North River
East River
i'onrth National
Central National
Seconal National......
Ninth National
nrst
National
Third National
N. Y. Natl Kxchange
Bowery
New York County
Gerruaii. American....
Chase National
Tlfth A.veiiae
German Kxchange...
Germauia
XInlt«d States
l>lucoln
Girflold
Fifth National
Bank
West
theMetrop..
of
747,9
hide
Seahoarrt
Sixth National
Western National
Total
1.200,0
5,000,0
5,000,0
1,000,0
1,000,0
422,7
1,600,0
460,0
200,0
700,0
1,000,0
600,0
000,0
600,0
760,0
600,0
600,0
1,000,0
110"
1,255,
276,6
147,-
81,4
612,1
74,0
460,7
1,545,8
3,014,7
1,458,2
656,3
289,7
760,5
493,4
220,8
456,6
971,3
23.5,9
364,9
166,6
240,0
250,0
3,200,0
2,000,0
300,0
730,0
500,0
1,000,0
300,0
230,0
200,0
750,0
500.0
100,0
200,0
200,0
500,0
300,0
200,0
150,0
300,0
200,0
500,0
200,0
3,600,0
3,041,''
19,864,
3,585,„
5,443,3
1,890,7
2,185,0
1,168,2
3,627,7
1,361,8
3,446,9
16,422,0
18,823,4
6,593,9
8,327,0
2,692,8
10.863,3
4,714,7
2,018,1
3,964,4
13,417,8
3,034,0
2,623,9
2,,S76,9
620,1
222,2
227,2
1,078,9
300.3
347,6
3,600,5
1,704,0
110,7
115,3
1,157,2
502,2
200,0
253,9
5,629,4
203,6
110,9
332,9
93,0
216,4
617,7
661,8
341,3
344,9
481,4
161,2
225,8
239,2
408,1
197,1
139,8
77,4
33,5
1,000,0
300,0
1,600,0
2,000,0
12,080,0
10,138,0
7,331,3
9,477,0
12,076,3
4,000,0
10,428,8
4,658,6
1,907,0
2,965,0
6,702,9
4,890,3
l,9'->0,0
21,161,0
19,305,0
1,995,4
1.236,9
17,230,4
7,699,0
3,387,0
4,940,2
23,804,0
6,867,2
1,634,7
2,263,0
2,281,1
2,066,5
7,778,9
3,842,8
2,491,6
2,358,1
4,099,4
2,586,4
2,166,7
1,457.2
3,263,3
1,960,0
2,301,0
1,740,1
10,424,0
2,460,0,
2,205,0
2,640,2
1,002,0
2,667,5
706,0
3,881,0
666,1
8,620,7
677,4
988,6
524,0
10.3,0
150,8
719,9
340,0
981,7
2,098,0
3,116,6
1,126,4
1,733,3
23,3,7
240.2
22'2,6
2,043,3
518,0
691,5
371,2
140,3
330,7
374,6
643,91
3,163,0
298,3!
542,4
239,8i
473,9
439,0!
225,9
231,9
844,6
139,3!
189,8
254,0
815,0
298,0
798,0
017,8
819,4
404,3
171,2
4,954,3 1,331,4
2,123,7 3,580,8
177,1
227,4
144,4
264,0
912,4
3,704,1
1,082,0 1,281,0
916,0
449,0
367,3
1,469,2
4,040.3 1,021,7
177,7
1,604,4
140,2
225,2
107,0
754,0
120,9
810,2
147,3
029,2
697,4
1,746,3
981,8
4 3,6
401,3
271,6
22'2,4
4'25,2
1,088,2
749,3
484,1
478,7
867,6
333,0
66,2
2,824,3
11,337,1
4,900,3
2,643,2
4,143,1
14,330,3
3,168,0
2,755,7
2,844,5
4,202,0
1,747.5
3,340,0
6,039,6
5,087,0
1,930,1
23,3'29,7
23,322,8
2,395,5
1,448,2
17,696,6
9,282,0
4,302,0
5,709,8
22,337,3
0,397,1
1,357,3
2.486,4
3,062,1
2,700,3
8,203,7
3,913,0
2,932,5
2,721,8
4,330,3
309,0
3,410,1
2,628,6
1,898,3
3,999,0
2,230,0
3,097,0
2,100,0
9,422,2
204,3!
188.8
237,7
257,0
236,0
125,0
1,354,9
574,0
594,1
1,125,9
60,762,7 49,781,0 391,397,3 80,699,7 32.921,3'406,309,1
Loans.
Specie.
LegaJs.
'^
65
70
8
147,897.3 9,875,4
147.472,9 10,46,5,6
147,472,7 10,945,6
13
22
Fhlladel. Banks.*
8
• 15
" 22
Sept.
2,859,7 116,90.3,0 5,753,3
3,013,1 110,902,8 6,748,8
"
3,434,2 118,764,4 5,744
73,068,9
81,955,3
84,345,9
65^
28
4812
218
C3I4
48
A
28,019,6
96,825.5 2,702,0 59.137,S
27,319,0
97,442,0 2,704,7 59,77.5,8
26,139,0
96,018,0 2,70'2,8 63,032,4
* We omit two ciphers in all these figures. + Including, for Boston
and Phllaaelphia, the item "due toother banks."
BAI.TtMORK.
RAILROAD STOCKS.)
Baltimore A Oliio
let pref
2d pref
Central Ohio
Prefen-ed
91
Connecting— 6s
120
Delaware -Mort., 6a
117
D6l.*Bd.B.-l8t, 78.1S0i 130
Easton.feAmhoy.mort. 58. 115
Elmira A WiU'm.— ist, 6s 119
Harris. P. M't J. A L.—48 110
lluul'ncfc B. T.— l8t,78.. IO3I4
2d mortg., 7e
112
Consol. M., 68
1071a
Leh.V.— l8t,Bs,C.&R.,'»8 1'20 121
138i.i
ad, 7s, reg.,1910
133 "a
Cons. 8s, C.& R., 1 923.
North Penn.— Ist M., 78. 5122 122 "a
104 105
N. Y. Phil. ANorf —Ist,
Incoaie,
Os.
Trust Loan
Per share,
i
491a
62
10
110
Col. A .vug'sta
RAILROAD BONDS.
Atlanta A Char.— 1st. 78.
Income, 68
Baltimore A Ohio 4~
101 la
Cape Fear A Yad. -Ist, 6s 99
103
Cent. 01iio-6s, 1890
Char. Col. A Aug.— Ist, 78 108
Cin. Wash. A Bait.— lets.
091a
122
108
—
I
2d8, 68
3ds, 3s
1st Inc., 58, 1931
110>»
100
74
21
109
5
Seab'd&Ro'n'ke-5s 1926
115
5108
II6I2
We.it. Md., 3d guar.. 68..
Wil. Col.
Aug., 6s, 1910.
A
Perkiomen— 1 st, tf 8,op.*87
t
J
Wiim'gton
Peun.-Gen.,6s,coup.l910 I3II2
ihiS,
90
125
115
04
Western Maryland-
6.-*
Cons., Os, coup.. .1906..
Cona., 5s, conp...l919.
niSia
2d, 78, 0.
78, 1900
1211a
Jeff.— Ist, 6« 1111.2
Mid.— 1st,
118
I,
Last price this week.
New Kork
Local Secnrltles.
Bank 8took Lilst.
BANKS. Bid. Ask. BANKS.
BANKS.
Bid. Ask.
172" 174
Gallatin
America
Am. Exch... 140
142
Asbury Park
Broadway... 270 280
Butchs'A Dr. 172
130 131
Central
235
Chase
235
Chatham
3500 3800
Chemical
—
City
Continental
.
Corn
lOxch...
F.ast River..
1 lib Ward...
Fifth Ave....
Fourth
iNcwYork... 232* 235
N.Y. Ci.untv. 200
Hanover
200
Hud. River.. 145
Iin.A 'i'rad's'
Irving
Leather Mfs'
Manhattan...
175
N.Y.Nat.Ex.120
125
Ninth
132
N. America.. 1I45
North River. 138
150
142
'200
Oriental
360
160
200
Nassau
14th Street.. 155
Park
-.
.
1
154
138
1
48
100
82
C'ltlzeus' Gas-Liglit
iBoiHla, 58
Consolidated Gaa
Jersey City A Hobokeu.
103
114
100
100
100
99
Meti'oi»*litan— Bouds
Mutual (N. Y.)
(Js
Scrip
107
50
103
!Peoj)lo'3
73
125
100
80
105
135
Williamsburg
Bonds, 6s
Municipal — Bonds, 7s..
Fulton Muuicii)al
Bonds, Oa
Equitable
Bonds, Os
.
150
114
Ask
Bid.
(Brooklyn)
821a Metropiilitan (Erooklyr
103
102
.
1321*
147
117
Tradesmen's. io:V 104
UuitcdSfes. 210
1
105
Gas Lie ht
174
People's
Ga« and City Rallread Stocks and Bonds.
Bid. Ask.ll GAS CO MPANIKS.
GAS COMANIES.
Bonds,
-•
Pacific
Metropolis... 2.30
1371-, iSii"'
Jirooklyn
1.35
167
170
180
340
101
165
Phculx
132
1701, lii" MarketA Ful 171
Republic
142
123 128
Mechanics'.. 169 172
St. Niiholas. 113
214 220
M'chs'ATrs'. 165
Seaboard
120
1'20
Mercantile... 152
140
165
Seventh
150
Merchants'.. 1391a
Second
320
Merch'ts Ex. 118 122
900
ShoeALeatb. 149
2000
Metroplitan
12
141, State <.f N.Y.
Citizens'.. ... 140
Commerce...
Garfield
Asfe
Bid
1
230
300
German Am. 115
•200
Germaiiia
Greenwich... 120
Nassau (Brooklyn)
90,176,0
96,790,0
90,660,0
PhlL
llSWi
Cons., 78, coup., 1911.. 1351a
Con8.,68,g.,l.R.C.1911 1'22
Imp., 6s, g., coup.. 1897 107
8;
New gen., 4s, g., 195^.. 88 la
53^4!
993. 100
Cons. 5s, Ist sor., 19L'2.
Deferred incomes, ep.
Ist pref. Inc. 6s. 1958
8854
•8S1.J
218^4
741-j
2d pref Inc. 58. 1958..
66 19
3d pref. inc. 5s, 1958.
66
Phil. W. * Balt.-Tr. c..4s 100^4 101
St«iihen. tt Ind.lst ni. 5s. 100
I'uitod N. J.— tjcn. 4s
104
22
Warren A Frank.— 1st, 78
115^
1221.2 West Jersey- let M.,7s.. 124
1U41.J W. Jersey A Ati.- Ist, 68
104
"8312
1
392,741,7 78,862,4 34,820,7 407,371,9 7,85,3,0 638,170,0
391,889," 79,77.3,3 34,547,4 407,588,5 7,895.6 643,165,6
391,937,3 80,399,7 32,921,3 406,309,1 7,930,3 7S2,313,4
22
"
543.
Catawissa— M.
$
8
15
Boston Banks.*
Sept.
4612 Phila.
3.1 n«. '06 115
Inc. 78, end., coup., '94
Bells Gap— 1st M., 6s
i'.'.'."
Cam. A Anib.— M., Os, '89 1041.
Camden A Atl.— 2d M., 6: SI 10
A
& Erie—con. 5a...
A R.-lst -M., 6s....
A r. lMa3
46 14
AUegh. Val.— 7
Clearlicld
Col.
Cin.
Ask.
Bid.
Penn. &N.Y. Can.-7s,' 96 118
70
64
8.
KAILUUAD BUNDa.
Deposits.^ CircH^n] Clearings.
N. Y. Banks.*
Sejjit.
740,0 12,000,0
471,0 10,333,0
721,6
8,922,7
S,2:.3,0
476,0
640,6 11,907,1
147,0
3,324,0
397,0 11,850,8
169,2
2,779,6
435,6 23,210,6
078,2
4,420,1
279,8
4,422.7
82,9
1,957,7
266,0
2,308,0
180,1
1,187,6
23T,4
3,048.0
92,3
1,4'24,9
233,4
3,321,3
2,189,0 14,509,0
1,848,5 14,716,6
222,2
4,71'2.2
704,3
8,635,0
SECURITIES.
Ask.
I
19ia
A Haven....
Nosqui'honing Valley...
Northern Central
..
North Pennsylvania
Pennsylvania.
Phil. A Erie
Sunbnry A Lewiston
United Co'8 of N.J
West Jersey
We.st Jersey & Atlantic.
Minehill
Kassan
Market
Bid.
Huntington * Broad Top
Pref en ed
Lehigh Valley
Little Schuylkill
(OOs omitted.)
Mercliants*
rvoL. xLvii.
127
111
84
110
13T
109
105
120
112
127
ioi
RR. QuotaUons by H. L. GBun, Broker, 14.5 Broadway.]
A Ful.F.-Stk. 25 26 D. D. E.B. A B.— Scrip Os.. 103 108
145 151
l.stinort., 78., 1900
111 113
Eighth A v.-Stock
105 107%
Scrip, 68, 1914
Br'd» ay A 7th-.\-V.— St'k.. .-- 170
[City
Bl'ckcrSt.
I
Qaotations In Boston, Philadelphia and Baltimore:
Following ^re quotations of a ctive stocks and bonds. A f ul 1
liatisgiven in the Chronicle the third Saturday of each month.
_
SECURITIES.
SECURITIES,
Atch.
BOSTON.
BAILROAD HTOCKS.t
AtohiBon
Toveka
K«Bton& Albany
...
Concord
Connecticut
Xasiern
A
Pass...
Preferred
Wtohbnrg, pref
83=4
A Mo. R. in Neb
Exempt, 6s
Burl.
Kan.
y.
C.
60 Ij 37"'
3514
* Mem
Blrm. ..
Kvans. &St L.
Memph.
Vortbem
Kjrwlch & Worcester
0{4ensb.
*
OldColonv
Lake Cham..
I'oraoiid saoo
Ports...
<fe
Biunmit Branch
Wisconsin CoLtral
Hi
A
Topeka— lst,7e.
Coll. Trn.t. n.....
-fPvrslaar..
{
134 >2
M44
5175
175
122
A
Kans. City Law.* So.—
Memph. A Blrm— 6s
Cit. St. Jo.&C. B.— 7s
115
115
934: 94
j
11^4
18>..
Bell's a.lp
Latt Brtoj this wesit.
vr«fer''»'d....
I
'
Unlisted Securities.
A
Atl.
A
"e'ri
47'..,
68
.Vlauh. ASt.N.Ave.' 24
l8t moit., Os, 1910
|110
2d mort., income, 68
50
Houst.W.St.A P.F'y— Stk. 163
I
I
I
i
1st mort., 78, 1894
Brooklyn Blev'd- slock..
Brunswick Co
California Paciflc
1st niOTt., 4i'.s
2d
Chic.
Chio.
moi-t..
75
'107 la lOS
1103
104%
170
1160
Istmort., 5s, 1910
Sixth Ave.— Stock
106
220
loa
203
112
105
1st mort., 7s, 1890
1214
Third Avo.-Stock
Boud.s, 7s, 1890
101
.Twenty-third St.— Stock.. !205
110
Ist mort., 78, 1893
1
I
Mex. Nat. —New
Ist, 6s.. 101
2d series A, Os.,
05
23
2d ^eries B, Os
39
Mt Des.A East Sh. Ld.Co. 200
30
Ola
lHa Newp. N. A Miss. Vai
11
N.Y. V.-. S.A Butf
2
107 110
N Y. A oreon'd Lake, lal 30
40
105
100
2d mort
9
61a
91a 101a N.Y Mutual Tel
931a 96%
33\ 35 Ocean Steam. Co. ,1st guar. 103 105
.....
Pensacola A, Atlantic. .,
5
Phil. A Rea<l., a<l as. pd. 691a 70
22
Port Uo.valA Aug.— IsL...
22
Incomes
38 "15' Rich. York Riv. A dies..
12
St. Joseth A Grand Isl..
10714 1073 (St. L. Ft. .s. A «icli.,c3rt
10
47
60
12
iSt. Loni8 A ch.cago
2
4
Pref
40
St. PaulE.A Gr.Tr.,l»lBe 98
8
11
100
Scio'.o ^'ailey, Ist, 78
96 100
70
70
2d, 78
27
Tol. A. A. A N. Mich
20
Toledo Peoria A West... 20
98
Vicksli.A MendiaL— l8t. 96
103
2d mort
47
60
Incomes
b
33
3
I4
i'oo
103
St ck, pref
30
WestcTuNat Bank
81
H7
95
9
11
WPBtN.Oar. JtoTi. 6s
83
85
44
40
West. Un. Tel., cnll. tr, 5s.l 964 97
30
Den.
Dnl. 8. Shore 4 At.— Stk.
Pref
Fla.B'yA Nav.Co., consol.
Flint A Pere Marquette..
Pac— Stock
2d8
Kanawha A Ohio
•
Ist pref
2d pref
IstOs
Kan. City
I
AOmaha
Motor
A Pemb., Ist M.
Wilkes Coal.
L.N.A.AC- C.AI.DiV.Bs
Mex. Nat.Con8truct'n Co.
Mexican National tr. rec.
Ist mortgage, tr. rec...
Kingst'n
90
.
guar
A Atl.— Ben., tr. rec.
Gas Trust
A Rio Or. W.— St'k.
i?eorgla
Ist 68
112"'
^110
Ninth Ave
Second Ave.— Stock
—Quotations from both Exchanges:
27
Char. Air Line
l.ehigti «t
'.
I
iXti
150
T20
86
118
115
113
128
111
210
113
28
111
SB
42dSt
Pike's P'k. let 6s 104
K'eely
441a
100
95
137
107
103
SECUBli'IKS.
Am. Bank Note Co
Atch.
1.J
1041a 42d A Gr'nd St. F'ry-Stk. 206
110
104
1st mort., 78, 1893
BJIC U KITIES.
latmort.....
i
Caniden & Afantic.pref
East Pennsylvania
12lVl21ii. Elmira A wilHamsport
1
Ill's
105
2dmort.,2-68
54
Mar. H. & Out.- 1908, Bsi 101
1822,6s
98
Mexican Central- 4s ..II.
65 •"s 6534
Income
18
19
N Y.4N. Eng.-lstlvill 123 123"2
Ist mort., 68
113'4
2d moit.. 68
107>2 107 "8
Ogdens. & L.C.— Cons.Vos
99 Hf
Rutland— 68
96
Southern Kansas— as
I
09
99\i
Texas Division- 58
92
Incomes..
95
flOi-i
Wlscon. Cent.— let M."5e
88^4 81) I4
Income 5s
42
pmii,auei.phiaV
railroad stocks.
40 -a 41
BONDS.
new
114
83 1q
85 V
123
Lonlsv.Ev.AStL.— 1st,
120
11
18"8
Fieferred
112
83
85
1120
K. City Sp'd & Mem.- 68 111
K.C. Clint. A Spriugf.-Be
99-''4 100
UMle R. A Ft. 8.-?8
109
49 tj
10
15
131
118
1111.
K. C. *t. Scott* Men.. 68
K. c. Port Scott
O.—7«
Kan.
30
<t
Maine Ci-ntral
ManihestcrA Lawrence
Mexican Central
N.y. & N. Eng, pref
Eastern. Mass.- 6j.
K.C.
30
5141
111
107 V 108
127
129
C. Ft. Scott
i^uiSTlUe
Preferred
Atoll.
lOOlj
41
lOOlj 101
117
108
Nou exempt, 6s
Land Kl'ant,78
California Sonth
1st, 68
Income, Os
Consol. of Vermonfr^Ss
831,
Jrllnt* Pere Marquette.
Preferred
89 'i
Mortgage, 6s
Trust. 68
1-.;
Cheshire, pref
Ohio. Btirl. <fe North'r....
Chicago & West. Mich...
OeTeJand <& Canton....
Preferred
& T'p'a.— (Cont'd)
Plain, 6s
84
197 "^ 199
Weston A Lowell
168 160
£cBton & Maine
210>2 211
Boston (& Providerne
240
Boston Rev. B. A Lynn. 159 101
Oaliromia Southern
41iti 42
Central of Massachusetts
]8"a 19
Preferred
40
39
<&
Ask.
Bid.
1st mort., 6s, 1904
1031a
2d mort., 'm, 1914
1031a
B'way Surface b'd.s.., 19241 95
lioiii'8 guar.,5s, 1905
90
!136
Brooklyn City— Stock
|1()3
1st mort, 58, 1902
Bklvn. Crosstflwn— Stock, 150
100
1st mort., 7a, 1888
Bushw'k Av.(Bklyu)— St'k 140
Central Crosstowu— St'k.. 140
lie
1st mort., Os, 1'.»'22
Cent. Pk.N.A E.Riv.— Stk. 84
116
Consols. 7s, 1902
Cbii8t'i)h'rA10tliSt.-Stk. 112
Bond.s7s, 1898
111
Dry Dk.E.B. A liafy— Stk. 125
109
1st mort,, 7s, 1893
1
SiPTElIBBB
THE CHRONICLE.
39, 1888.]
870
Xotert
ilnucstment
BOAOf.
Mamint» Smporua,
Week or Mo
AND
KlnCTt'n
ITie Investors'
Supplement, a pamphlet of 132 paaes
tables of the Funded Debt of States and
Cities and of the Stocks and Bonds of Railroads and other
Comj)anies. It is publUhed on the last Saturday of every
other month—viz., January, March, May, July, September and November, and is furnished without extra oharf/e
to all regular subscribers of the Chronicle.
Extra copies
are sold to subscribers of the Chronicle at 50 cents each,
and to others at |1 per copy.
The General Quotations of Stocks and Bonds, oecupyinq
«ix pai/es of the Chronicle, are now published on t?ie
third Saturday of each month.
RAILROAD EARNINGS.
2il
wk
1887.
188a
1887.
•
•
I
•
Sept
4,111
3,022
133,041
111.833
39,848
37,534
277,207
2.50.2.5»
^d wk Sept
82.878
49,8.53 l,492.7hS 1,484.232
Luhk-luti Hull
Allf^lIHt
25.023
23,398
l(i2,t<IW
16)),0M
Li>li AWillt.Co'al Aiiiftist
1,068.940 849,003 6,517,131 5,414.7.57
L. Kock A Mem 'Z<\ wk Mopt
12,08!)
20.199
4..9.11M
.'.20,860
lAtng IfllniKl
AiiKUst...
451,773 428,!)9I 2,300,0631 !2,165.2ZO
Lii. A Mo. RIy.
Jiiuo
33,281
46.467
205.619
273,2H9
LoiilR.Ey. ASt.I,. 3(1 wk Snpt
21.070
24,078
069,919'
716,355
I^oiilflv. ANofthv. '1(1 wk Hopt
330,790 332.265 11,412,153 11,0«8.8(J8
Lon.N. A. A Chlo. 3d wk Sept
53,477
51.,'?23
1,385,712 1.596,702
Ix)Ul9V.N.O. AT. 3(1 wk Sopt
40,184
41,804 1,544, 1'.'3 1,281.527
Lykens Valley Augutt
91,692
65,181
674,282
417,521
Mar.C(d.& Nor'n .Vugiist
8,012
7,1 «9
56,01
42.401
Memphis AChas. 2d wk Sept
29,004
39.984 1 070,956 1,104,287
•Mcxtcan Cent 3d wk Sept
77,.'^il3
S4.AS6 4,034,085 3,315,015
Ouiul'lara Br.. 3(1 wk Sept
10,929
•Mex. N. (all Ins) .luly
171,753
116,916 1.323.898 1,005,045
*McxlcanRailwv Wk Sept. 8
74,454
74.470 2,730.783 2,499,017
MiI.I,.Hli.AW(wt 3(1 wk Sept
02,106
77,816 1,975.633 2,370.326
Mllwauk(?eANo. 3d wk .Sept
23,375
22,526
742,7231
667.381
Mlnneap.ASt.L. August...
104.33,
105, P07
816,(i68|
910.96O
Mo. Kan. A 'Tex. Id wk Sept 140,365 134,277 4,37 1,7M'.' 5.215,218
Int A(it..\'rth. l8t wk Sep
62.232
54,68(i 1,805,793 1,932,672
Moiiile A Ohio
.\uguat
188,774
1!)!),349 1,553,277
1,520,368
Nash. Ch.ASt.L. August
272,1-5 272, INl 2,024,784 1,983.638
Natchez J ac. AC August
10,496
12,315
92,520
99,8«0
New Brunswick. July
73.609
72.344
477,546
431.722
N.Y.Cen.AH.R. August
3,273,771 3,332,321 22,746,39, 22.837,244
N.Y. L. K. A \V. Auuusc
2,440,761' 2,411,831 17,666,116 17,240,698
N.Y.PcnnAOhIo July
.554.526
512.073
N.ir.ANowEng. August
516,308 475.471 3,423,6741 3,225,8¥9
N. Y. A Northern 3d wk Sept
11.337
11.855
N.Y. Out. AW... 3d wk Sept
39.104
35,339 1,244.653 1,100.861
N.Y.Sus.AW... August
146,655 131,475
928,978
867,144
Norfolk A West 3d wk Sept
96,920
93,499 3,4.55..592 2,890,726
N'thcastni (S.C.) July
33,051
31,94S
375,452
312,823
Nortlicrn (^ent'l ,\UgU8t...
600,205 608,628 4.062,692 4,226.557
Northern Pacitlc 3(1 wk .Sept 394,117 332,906 11.829,-201 8,886,711
Ohio A.Miss
3d wk Sept 104,543 104,888 2,704,38i 2.943, 165
Ohio River
3d wk Sepr
13.060
10,>'83
327.216
214,162
Ohio Southern
August
51,398
47,201
353,72
358,607
Ohio Val. of Ky. 4thwk Aug
4,030
2,753
86,01
53,092
Omaha A St. L.. August
34,490
33,872
250,819
273.252
Oregon Imp. Co July
421,037 376,393 2,911.618 2,180.795
Oreg. R.AN.Co July
528,091 414,374 3.320.972 2.695.2e3
Oreg. Short Line July
222,094 174,872 1,397,870 1.090,686
Peiuisylvania. .. August
5,390,939 5,022,012 38,071,549 86,047,106
Penn. Co
N'rlhw'rn sys. July
1,374,447 1,518.121 9,-735,630 10,100,320
S'thw'rn sys. .Tuly
1,074,848 1,184,154 7,439,259 7,822,255
PeorlaDec.AEy. '.'d wk Sept
15.877
16,424
Petersburg
July
36,339
26,402
25.8,919
210,610
Phlla. AErle.... August....
476.845 381.051 2.813.487 2,632,428
Phlla.A Kcad'g. August.. 2,014,568 2,055,764 13.102,192 14,034,910
Coal A Iron Co. August..
2.438.162 1,97<>.716 11,401,123 11,404,20
Tot.botliCo's.. August..
4,452,73 4,035,480 24,503,313 25,439,11
Pitt.Shen.AL.K. June ....
18,237
Pltts.A Wesfru. 3d wk Sept
43,595
45.852 1,399.611 1,411,700
P'rt Royal A Aug. July
22,693
17,843
196,427
186,43.1
Pt. K'alAW.Car. July
21,552
13,512
178.431
150,265
Prescott. A Ariz. August
10,854
8,310
80,799
Rieh.AAllegh'r. July .
56,58
55,628
337,503
33«)6¥9
Knoxv.
Lak« K.
oontnim extended
A Pern.
1888.
A Ohio
A Went
July
.
£mming$
Lalttl
Roads.
Week or Mo
AUeglieny Val. July
Atoh. T. & 8. Fe. July
Atlanta * Char •Inly
M
Jiilv
ICanidpn
|:i(I
2<l
& AtlV
..
.
wkHppt
wk Sppt
July
Caiiailiau Pacitic :id
$
165.436
..
91.053
8.5,168
26,3015
26,681
46.543
53.836
393,505
Bufl.Koch.APUt'Md wkSept
Bnr.C.Kiip.A No.l2rt wk Sept
Cairo V. ct t'htc
Cal. Sonllicrn ..
8
.
wkSept
Cp. 1' "r & Yiid. Val .\ui{ii.st.
Carolina CVnt.. iJiUy .. .
1,141.951 1.109,»67
8,508,398 10,626.537
715,986
6S0,9.")4
248,739
231.7(J7
1,979,461 1,901,624
429,988
133.940
71,079
31,436
62,.^95
14.309
20,424
106.8t)4
2.i7,000
28.025
33,911
!
Ccn.KU.AHi,'.Co.'.Inly
4!19,003
116.227
47,009
51,450
57,745
16,327
1,006.524
645,380
1,348.792
1,787.892
516.374
1,508,387
24,6 '.O
117,021
l,158,06i;
3.59,874
1.003,^48
240,000 8,980.746
22,326
204.290
28,866
278.92
420,18
3,719,0:18
34,120
966.123
7,566,202
165,086
260,611
3,131,077
922.921
Contra! Iowa
3d wk Sept
31,515
Central of N.J. July .. .. . 1,256.251 1,049,411 7.012,298
C(>ntial Paclllc Jiiuo
1,340,880 1,171,837 7,310,064
Central of 8. C July . .
6,958
5,081
.ns.iee
Oharleat'u &Sav July ..
37,419
30.2S7
337,804
Cberaw /k Darl July .. .
4,179
4,060
41,786
Chea. A Ohio.... 2d wkSept 101.706
98,477 3,147,617
Ohep. O. & 8. W.. August. .
164,714 178,982 1,256,025
934.872
40M,;jf|,s
1,H2(;,426
542,108
360,2.'i9
.
6,330,>.93
.
5,887,389
46,721
293,177
38,813
3,061,303
1,179,633
298,617
35.718
Chfsiiiro
Ohe8.
1887.
l,n5fi.«48 2,031,681
.V I'otoiiiac|.\U(<iist.
Bc'pcli Civc'k
S
1,5(!5.043 1,601.693
WestoruLlne.x. -Viitfiist.
Total
lAiiKust.
to Latett Dale.
1888.
1T2.902
Atliiiita&W. Pt.. .\U«U8t ...
Atlantic (& Poc... . wk Sept
Jan. 1
1887.
1,333,826 1,534,«02
....
.
e.&O.Ea«t.I.lHfflL\iis[i.st.
Bait.
Beporleit.
1888.
& Lenoir..
June
50,835
5,816
... .
July
57,699
4,774
266,507
44,315
Chic. AAtlanttc.iM wUSept
44,457
49,.S37 1.557,956 1,.551.,34.!
"Chic. Burl. &No. July.. .
178,248 161,840
973,009 1,432,125
Chic. Burl. A Q. !july
1,863,501 2,167,802 11,839.466 13,443,908
Chic. & Ka.'it. 111. :id wkSopt
48,755
49,499 1,490.271 1,438,613
Chic. A Ind. f'oal'.ld wk Sfpt
11,100
10,940
361,971
279,082
Chic. Mil. & St.I'.i:!d wk Sept
557,000 526,693 16,194,000 16,591,460
Chic. AN'thw'n.:.\uffust
2,295,291 2,609,794 15,922,383 16,659,113
Chic. A Oh. Klv. Aui;u.<.t....
6,795
6,828
32,548
CUIc.St.P.AK.r.! August....
Chlo.St.P.M.AO. AiiRust...
Chic. A W. Mich. :t(l wk Sept
Cln.Iud.St.L.AC.'july ..
CIn. Jack. A.Mac, 'id wkScpt
Cln. N. (>. A T. P. Jd wk Sept
Ala. (it. Sfuith Jd wk Sept
N. Orl. A X. K 2d wk Sept
VIcksli. A .Mcr. 2d wk Sept
Vkks. Hh. A P. 2d wk Sept
ErlauKcr Syst '.d wkScpt
Cln.Uich.AKt.W. :Sdwk Sept
212,385
605.50^
2M,31
,
'
201,740
592,339
29,.564
1,349,140
43,995
908,687
3,9.i(»,404
4,1 16,S26
1,014,527
1,458,695
361,.'8 m
2,498,541
1,034 750
997,915
196,731 214.384
1,500,111
13,701
13,214
313,228
76,986
67,040
2,232.043
28,859
30„548
1,020,'.'82
15,831
10.7(iH
561,665
426.492
9,032
9.901
302,2( 8
331.784
8.684
12,125
334. 74(
;i33,349
139,392 130,381 •t,73 1,910 4,363,952
7,843
9,079
289,443
293.844
Cln. Scl. A.Mo!>,.;Aii.i;ust....
7,730
05,836
8,618
61,223
Cin. A 8prlu«'d i3 wks .\ue
71,443
73,971
730,01 8
715.7 04
Oin. Wa.sli.AKalr.jad wk Sept
45,799
50.003 1,486,181 1.533.704
<Jl6y.AkTouAC'oli2d wkSept
28,164
11,404
450,879
391, soil
Clev. A (.'aiiiou August
34,382
249,355
33,09?|
234.633
Cley.Col.C.Alud 3 tt-KS Aug 246.190 264,939 2,470,803 2,599,737
Whole nystoin. .^UgUKt
722,631 764,833 4,798,641 4,956,44!)
Cley. A Rlarictta 3d
_
wk Sei t
5,710
6,177
194,763
212,749
Color. Midland.. 12d wkScpt
25,913
901,148
Col. A ('in. .Mid 3d wkScpt
"6,357
2i;0,96
10,157
229.908
Ool.Hock.V.AT.i dwkSipt
75,6~0
60,387 2,125,34
1,H23.373
Deuv. A Ulo Gr 3d wk .Sept 162,000 181,000 5,424, (i9
5,463,741
Deny. A K. «. W.|3d wk Sept
29,325
29,775
908,832
771.108
l>eu.S.P'k APac. JiUy .. ..
109,058 126,337
620,416
720,174
Det.BayC.AAlp.JAuKust .
40,221
52.805
323,287
322,864
J>et.Lans'ifAN(). 3il wkSept
22,887
22,103
707,874
808.8 77
DulutliS.S.AAil. l.-twkSept!
44,377
39,207
935,970
927.915
E.Tcnn.Va.AlJa. -(! wkSeptI 111,461 110,007 3,765,798
3,471,916
Byaus.A lud'plis 3-.; v.k Sept
5,683
5,491
172,238
170,183
Eyanav. A T. U.|3d wk Sept
18.148
19.524
615,144
616,669
l-"itcliliurg
August
531,365 486.023
Flint A P. .Marq.';<d wk .Sept
43,161
51.664 1,750,07
1,839.439
Fla.K.ANav.Cd. Au-ust....
58,717
64,153
674, 74H
(i07.775
rt.W.A Uen.Cit.v l8t wk Sep
25,100
12,873
648,417
439 529
IWhnk.' syst'iu. lstwk.Sept
49,385
Georgia Pacillc 'Jd wk Sent
20.763
28',75n
788.677
Gr. Kap. A ad.. 3(1 w k Sept
45,722
51,944 1,627,259 1,704,982
Other llnea .... 3d wk Sept!
3.892
4.219
141,619
114.672
•Grand Trunk... WkScpl 15' 429,900 463,550 12,477,1:3 13,.-O!).410
GuIfC'ol.AS.fe.ljune
235.713 174,612 1,198,699 1.0li9,8'6
Hou8.A'l'ox.c:en.'2d wk Sept
1-9,316
98,691 1,544,813 1,621,212
Hume8t'nASIien!Auk-u.st
il,600
14,850
91.908
93.014
m.Cen.iIll ASollAiiguHD.... 953,545 975,099 7,478,3(!3
7,162.372
Cedar h .A .Min., AuKU.st. ...
9,390
8.7,88
61,337
76,092
Dul>. A Sioux (;.l August
63.401
75.450
509.913
514,002
la. Falls A.S.C.'Augimt....'
52.400,
65,448
496,.".9s
421,373
Iowa lines
Augiiat.
125.1911 149,686 1,067.848 1,011,467
'r(jtal a)l.....iAugU8t.... 1,078.736 l,124,'7-5
8,180.1101 8.174,039
Ind. Dec. A West .\ugiist
45.137
40.339
229,2 6
73,932
Ind. A St. Ix)uls.i3d wk Aug
45,S93
47,187 1,215,1891 l,2(i 1,890
KanawhaAOhio 3d wk.Sciitl
6.(142
.5.4 HI
195.541
123.368
K.C.Ft.s.AMcm.'-Jd wk S.pt!
87.29.1,
91.412 2,896.01
3,237,978
Kan.r.CI. ASp 2 wkScpt
5,857
182,05';
4,70-j!
173,849
K. C.Wy.AN. ftr.lAugiist....
29.2101
Kentucky Cent July..
99.47P l6i',86»'
543,433
564,.309
Keokuk A West l3d « k Sept
7,252'
8,050'
223,747
231,013
1
i
I
.
i
i
i
.
i
.
KAW.P.Ter.CoRich. A Dany. 2d wk Sept
Va. Mid. Diy.. 2d wk Sept
A A. Dlv. 2d wk Sept
C. C.
Col.
A Or. Dlv
wk
wk
W.O.AW.Dlv. 2d wk
Ash. ASp. Dlv. 2d wk
85,000
39,200
15.000
8,400
12,100
4,100
2d
West. N. C. Div 2d
Sei>t
.Sept
2,75tr
2d
wk Sept
166.550
23,687
297,226
45,893
21.298
66,626
125,832
166,978
790,000
22,903
52,7s9
38,215
16,091
87,000
83,211
TotJil all
Rich.
A
Sept
Sept
Peters'g July
Rome W. A Og
June
wk Aug
2(1 wk Sept
8tL.Ark.ATex 3d wk Sept
11St.L.Alt.AT.H. 3d
Branches
St.L.A.S.aul'nu).
3(1
wk Sept
St.PuulAUuluUi August
St.P.Min.AMau. August
S.Ant.AAr.Pass. 2d WkSopt
SclotoVallcy.... July...
Seab'rd A Roan. July...
Seattle L.S.A E August
SheuandoahVal. August,
South Carolina.. July ..
107,800
45,100
22,000
12.800
18,300
3.017,940
1,205,393
87,260
76,3uO
548i.562
676,914
N.Y.T.&Mex.lJuly.
Tex. AN.OrL.ljuly ..
Atlan'csyBtemiJuly ..
Fiiclllc system July..
Total of all.. July ..
RR.—
No. Dlv. (Cal.) '.Tune.
So. Dlv. (Cal.) June.
Arizona Dlv
New Mex. Dlv
Spar. Un. A Col.
Statculs.Rap.Ti
June
June
554;473
607,455
266,322 251,414 2,120,893 1,810,397
71,125
70, '40
516,421
452,416
335,526 297,388 2,773,038 2,239,407
9,793
9,547
62,448
92.068
109,424 107,750
773,672
686,876
792,191
736.639 6.246,468 5,281,156
2,947,469 2,467,162 19.549,542 13,0--2.841
3,739,659 3,203,801 25,796,011 2t>,363,998
Morgan's LAT. July.
So. Pat-.
1,148^52
536.747
39^,428
336,289
432,673
482.346
4,0(i0
82.234
81.185
2,450
74,950
44,217
212,450 5.864.442 5.442.003
18,6U»
155,912
133.100
272.317 1,498,516 1,385*>1
47,187 1,21.5,189 1,264,890
22,415
617,001
620,532
66,.507 1,922.773 1,621,51A
126,176 3,873,329 4,234.168
155,097
959,041
992,171
684,934 5,708,371 4,752,397
658,132
69,335
364,974
423,346
32,218
357,772
312,894
So. I'acitlcCo.—
Gal.lIar.AS.A. July..
Louia'a West.. July ..
2.812,927
59.>,824
,
July
August..
SumniitBrauch August....
Sutro Tunnel
.August. .
TCX.-V8 A Pacillc i3d wk Sept
Tol.A.A-AN.M'h 3(1 wk Seid
I
182,368
554.678
155,598
84,842
5,851
131,921
145,577
27,334
12,5,801
14,795
164,585
888,892
796,257
3,388,459 1,952,603
1,136,098
835,701
540,839
372,908
53.751
36,127
120.4621
646,117
598,478
119,942
957,910
79U.184
9.526
2-27,891
171,803
127,438 4,199,149 3,824,844
29>',084
130,383
62,399
4,941
11.666!
4M,U1»
ToL A Ohio Cent. 3dwk Septj
28,746
8'24,187
24,191i
718,610
Tol. P. A West
2d wk Sept
27,821
25,031
603,600
644,303
Tol.St.L.AK.C lAognst....
55,68m
Union Pacinc.-i July
2,544,064,2,479,372 16,037,644 15,501.264
. .
Valley of Ohio. .'August...
Wab. Western .. 3d w k Sept
Wab., E. of Miss July
.
West N. Y. A Pa. !.^d wk .Scpt|
Wcstci-u of Ala. August
July
tWcst Jersey
W.V.Cen.APltts Augii-t ...
Wheeling A 1,. E, 3(1 wk Sopt
WU. Col. A Aug July
aWlsconsin Ceu. 3d wk Sept
60,597'
120,320:
511.999,
67,^00
27,793!
191,201
63,870
17,716
45,590
87,697
53,844i
433,5p2
405,031
140,407 4.014,761 4.53'<.947
638.573 3,423.965 3.721.410
66,0<0 3.-J45,71U 1,970,206
284,023
33,957
283,118
199,974
857,173
800.484
397,8-;8
39,218
217,178
14.350
622,674
424.723
44,lltii
445,477
301.506
82.1-29 3.651.054' 2.582,120
Mexican ouirenor.
t
And brauches.
I
Includes whole system from Fort Worth to Denver, but not eamlsgt
I
*
ODjolnt track— Pueblo to Tnnldnd.
n Including Indianapolis A St. Loula.
a All Une* inolodad.
THE CHRONICLE.
380
— A Vj/uet.
Latest Gross Earnings by VVeeks.—The latest weekly
earnings in the foregoing table are separately summed up
as follows:
For the third week of September there is a gain of 0'75 per
Many of the Southern roads have suffered
cent on 50 roads
from interruptions of traflBo occasioned by quarantines
against yellow fever at various towns and cities, and the
same roads have also suffered from a diminution of the cot-
ton movement, the crop being late this year.
1887.
1888.
3d week of Ssptember.
Decrease.
Inereate.
$
Atlantic & Pacific
Buffalo Roch. & Pittsburg.
Cairo Vln.A Chlo
Canadian Paoltlo
Central Iowa
Chicago & Atlantic
Chicago & East. Ilia
Chicago & Ind. Coal
Chicago MU. & St. Paul..
CWcaeo & West Mich
<!lncinnati Bich. & Ft.
Ctn. Wash. &. Bait
W
Cleveland & Marietta
Col.
Col.
& Cm.
Mlrtlimd
75.680
162,000
29.325
22,887
46.543
51.450
16.327
210,000
34.120
49,537
49.499
10.940
526.693
29.564
9,079
50,(m5
6,177
6.357
60,387
181,000
29.77S
22,103
5,68'.>
5,491
53,836
31,436
14,y0P
257,000
31,515
44,457
48,755
11,100
557,000
28.312
7,843
45,799
5,710
10.15'
,
H. Val & Toledo ....
Denver tfe Rio Grande...
Uenver & Rio Grande W.
Detroit Lans. & North...
Evansvllle <fc Indianap...
Evansville & T. H
Grand Bapids &Ind
Other lines
Kanawha <fe Ohio
Keokuk & Western
I/akeEriei& Western
louisv Evans. & St. L..
7,2.52
52.878
21.070
330,790
53,477
40.184
77,513
Louisville & Nashville
LoulsvlU); N. AU). <t Chic.
Louisville N. O. & Texas.
Mexican Central
Milwaukee L. 8h. & West.
Milwaukee & Northern...
Missouri Kan. & Texas ..
New York & Northern
Kew York Ont. & West...
Norfolk & Western
62,10(i
23,375
140,365
11,337
39,104
96,920
394,117
104,543
13,060
43,595
66,6i
125,83
125,801
14.795
28,746
120.520
67,800
17,716
87,697
Northern Pacific
Ohio A Mississippi
Ohio River
Pittsburg & Western
Bt.
Bt.
Louis Ark. & Texas...
Louis & San Fran
Texas
&
Paclflc
Toledo A. A. & No. Mloh..
Toledo & Ohio Central....
Wabash Western
Western N. Y. & Penn....
Wheeling & Lake Ene
maoonsiu Central
Total (50 roads)
Het Increase
(0
75
19,524
51.664
51,944
4,vl9
5,431
8,0-6
49,853
21.678
332,265
51,323
41,804
84.556
77,816
22,526
154,277
11,855
35,339
93,499
332.906
104,888
10,h85
45,852
18,148
43,161
45,722
3,892
6,042
Flint <fePere M.arquette.
3,726,987
66..'S07
126,176
127,438
11.666
24.191
140,407
66,000
14,350
82,129
3,699,131
p. c.)
Roa^s.
$
Cleve. Col. Cin.& Ind.Gross.
Net...
Det. Bay City & Alp. .Gross.
Net...
72?,631
259,306
40,221
9,800
Memp. & Charkston.Oross.
122,.573
Net..
3,048
Mil.
Lake
20,014
2,018
17,000
2,605
5,080
744
160
30,307
1,252
1,23B
4,266
467
3,800
15,293
19,000
450
78-
191
1,376
8,503
6,222
& West. Gross.
4,494,968
2,599,579
1,230,820 1.023,991
4,0fi2,692 4,226,557
1,308,196 1,663,319
38,071,549 36.047,106
Net... 2,149,422 1,907,536 12,440,.591 12.365,460
Philadelphia & Erie. Gross.
476,845 381,051 2,815,487 2,632,428
Net...
204,703 146,761 1,137,700 1,089,994
Philadelphia & Edg. Gross. 2,014,568 2,055,764 13,102,19: 14,034,919
Net... 1,071,676 1,127,465 5,908,588 7,249,928
Coal & Iron Co
Gross. 2.438,162 1,979,716 11,401,123 11,404,201
148,145
656,182
Net...
38,673 233,273
Total both Co's ....Gross. 4,452,730 4,03i,480 24,503,315 25,439,119
Net... 1,110,348 1,360,738 6,056,732 7,906,108
453,800
394,600
Tenn. Coal & Iron Co. Net...
56,6C0
36,400
15,142
75,314
73,327
Wash. Ohio & West.. Gross.
14,830
15,a77
21,227
Net...
7,244
7,676
217,178
We8tVa.Cen.&Pltt8.Gro8s.
63,870
39,218
397.828
Net...
16,045
11,914
128,174
68,484
-July.
4,643,526
3 164,18-J
"804
Boads.
Denv. So. P'k
"3,608
Lake Erie & Western. Gross.
&
1,475
2,154
"i',626
7,043
15.710
$
109,058
Pac. Gross.
Net...
New Brunswick
Gross.
Net...
Oregon Short Line. .Gross
.
849
Net...
13,912
518
3,765
3.421
61,211
So. Pac.
Co.— Pac.Sys.Gross. 2,947,469 2,467,162 19,549,542 15,082,841
345
MONTH AND FISCAL TEAR.
'2,257
.
'"Tig
3,129
4,555
19,887
'iisoo
3,366
5,568
142,720
1888.
6,623,781
Gross. 3,739,659 3,203,801 25,796,011 20,363,998
Net... 1,237,755 1,365,334 8,529,989 7,708,858
all
"2,i75
l,6o7
6,881,635
Net... 1,089,613 1,202,943
Total of
344
620,410
720,174
126,337
17,042
25,754 def.45,191
179,327 1,102.373 1,129,448
356,830
405,131
74,763
434,722
72,344
477,546
23,340
174,K72 1,397,870 1,096,686
331,113
76,100
608,788
10,182
179,289
65,468
75,609
19,289
222,094
102,208
Net...
—
Jan. 1 to July 31.
1888.
1887.
/
1887.
1888.
3,025
170,576
27,856
$
$
764,833 4,798,641 4,956,449
300,564 1,243,217 1,583,218
323,287
52,804
322,863
121,a50
ia0,236
20,786
139,087 1,014,033 1,024,126
21.581
173,279
175,387
366,906
161,209
2,411,831 17,666,146 17,240,698
842,924 6,176,699 5,977,486
315,850
Net...
151,288
N.Y. Lake E. & West.Gross. 2,440,766
Net,
899,806
Net less proport'n due roads
operated on a % basis....
681,052 611,768
Norfolk* Western... Gross. 432.928 385,032
Net.
172,-20 169,615
Northern Central .. Gross. 600,205 608.628
Net...
192,328 219,102
Pennsylvania
Gross. 5,390,939 3,022,012
8.
327
611
Jan. 1(0 Aug. 31.—.
1888.
1887.
.
1887.
1888.
.
7,293
For the second week of September our final statement comprising 79 roads shows a gain of 1-88 per cent.
2d week of Septemter.
[Vol. XLVII,
^Oct. 1
August.
1888.
1887.
Roads.
N.Y. Lake E.
.
to
1887-8.
Aug. 31.-«
1886-7.
,
,
A West.Gross. 2,440,766 2.411,831 24.839,200 24,128,341
Net...
899,806 842,924 8,697,066 8,568,778
Net less proport'n due roads
681,052 611,768 6,513,237 6,467,137
operated on a % basis....
105,SS0
102,637
14,830
15,142
Wash. Ohio & West.. Gross.
31,741
7.244
19,973
Net...
7,676
August,
1887.
1888.
Soads.
$
$
Phlla. & Reading.... Gross. 2,014,568 2,055,764
Net... 1,0T»,676 1,127,465
Gross. 2,438,162 1,979,716
Coal & Iron Co
38,6/3 233,273
Net...
Total both Co'c ....Gross. 4,452,730 4,035,480
Net... 1,110,348 1,360,738
,
.
^Dec. 1
to
Aug. 31.-«
1887-3.
1886-7.
$
S
14.817,848 15,611,633
6,702,219 7,918,220
12,974,545 12,746,725
101,942
634,532
27,792,393 28,358,358
6,804,161 8,552,752
Ptev^y report'd (54 roads)
Burl. C. E.
&
Northern...
Roads.
Cleveland & Canton
Cincinnati Jack. & Mack.
Cln. N. O. & Texas Pao. .
Alabama
.
.
Gross.
Net...
Gt. Southern
Memp.'& Charleston. Gross.
New Orleans & N. E
Vlcksburg & Meridian..
VIcksliiirg Blirev. & Pac,
CHeveland Akron & Col.
Cleveland & Marietta
Net...
9
$
34,382
11,533
122,573
3,048
33.097
12,516
139,087
21,584
1887.
1888.
1887.
1868.
Centrallowa
Ctiesapeake& Ohio
$
$
64,905
20,597
3S7.709
17,<>64
62,132
21,211
266,984
76,557
.
ANNUAL R&PORTS.
EaatTenn. Va. &Ga
Georgia Pacitlc
Grand Trunk of Canada..
Houston & Texas Cent...
Kanawha &OLI0
Kansas C. Ft. 8. & Mem ..
Kansas C. Clin. & Spr
Keokuk Ai Western
Little Rock A MempliLs.
Cincinnati Indianapolis
St.
Lonis
&
Chicago.
Memphis
CFor the year endinu June 30, 1888.^
The report of this company for the fiscal year ending June
30 has just been issued and pres> nts an excellent exhibit. The
Bt. L. Alt.dt T.H..tiranchet
report of President M. E. Ingalls in full will be found on a
substquent page of the Chronicle, under the title " Reports
<fe Charleston.
Missouri Klin. & Texas
Pittsburg & Western
Tol. Peoria
& Western
and Documents."
The comparative
statistics of operations and income, and
the balance sheet, for four years, have been compiled for the
.
Total (79 roads)
Ifftt
InfrpHpp
(T
fiji
p. c)
.
Chronicle, as follows:
Net Earnings Monthly to Latest Dates.—The tables follow.
OPERATIONS AND FI.SCAL RESULTS.
ntg show the latest net earnings reported this week, the
1886-87.
1897-88.
1885-86,
1884-85.
Operatiojis—
teiums for each road being published here as soon as received
962,331
1,122,831
earned (No)...
894.796
904,888
but not kept standing from week to week. The first state- Pass,
Passenger luileafte.
35 ,744,758 35.812,992 33,77-<,236 39,341,433
ment includes all roads for the latest month and from Janu- Rate p. pass. p. mile.
2-22 cts.
2-29 cts.
2 02 cts.
2 28 cts.
.4.2,663
1.719,705
1,705,293
1,454,481
ary 1, 1888; following that we give the totals for the fiscal F>-'ght (tone) carr'd.
(tons) mil'ge. 174 .608,590 172,841, f 37 207,270,762 209,37ti,861
Pr'ght
year on those companies whose fiscal year does not correspond
0-89 cts.
0-82 cts.
0-85 cts.
084 cts.
Av.rate p. ton p. mile
with the calendar year.
Earnings—
$
$
HOKTH AXD CALENDAB TEAR.
729.S34
795,553
Passenger
794.015
773,146
.
1888
-Augvtt
1887.
Roads.
Bait,
& Potomac
Gross.
Net...
Cleveland
& Canton.
.
Gross.
Net..
133,940
59,071
34,382
11,533
116,227
43,974
33,097
12,516
Jan. 1
1888
$
to Aug. 31. -,
1,006,524
327,2B7
249,355
76,918
1887.
$
934,872
331,604
234,635
60,999
,543,129
1,540,902
256,493
1,754,830
224,916
1,707,222
257,177
2,595.859
1,660,181
2.526,934
2,752,<i92
l,.'i4(i,0B2
1,700,596
2,799,072
1 .722,249
935,678
63-95
986.872
60-94
1,052,296
61-77
1,076,823
63-78
Fieigiit
Mall,exp's, r'nte,Ao.
1
Tot.grossearn's.
Oper. exp. &taxes..
Net earnings
P.O. of op.ex.to earns
297,835
Sbptehdeu
THE CHRONIOLE
20, 18S8.]
INCOME ACCOUNT.
9
Not PftriiliiRH...
PitburftemetiU—
rnl,r.^^t..n bonds.. ..
DlvuLiul^
1886-87.
1885-80.
1884-85.
93.1,678
086,872
1,0!52,296
624,482
624,234
210,000
29,045
18.844
643,267
832.500
(4%p.o.l
15.582
653,527
283,151
853,078
133,794
991,349
60,947
katoof (llviamidH
(3 p. 0.)
UlsooUanooiis
Total <ll8b«re<>iu'U.
Balance, surpliw
1887-88.
"
$
$
1,076.823
.'51t,0.%3
,'>OO,0O0
(5 p. 0.)
4,^59
1,019,212
57,011
OENEKAL IIALANCE AT THE CW)gE OF EACH FISCAL VEAR.
8iiii<lr>
$
equlpmont.
«n<I
seountlce...
Bond
re(l.iiip'u,
MiltorliilH. Ao
13,272,936
1,885,008
44,768
614,428
11,827
97,787
712,054
38,298
15,754,013
16,000,081
Total
LlabUUitt—
$
58,288
93,258
1,024,139
15,754,013
16,000,081
.Accounts piiyaWet..
fnpuld
Intircsr,
SuBdn
aciounts....
*
t
132.8'.
..to.
loss
Total
;
3,16.1,481
l49,".'-.3
1,494,978
ir,2.-200
*l,3l>7,2<il
145,748
44,ft?3
19,527,570
19,086,451
1?
i)
1.14",i94
$
8.8.14,060
9,035,7.10
10,000,000
9,073.750
310.781
49,420
68,671
1,218,881
254,!).-.2
19,527,572
19,686,451
44,344,
6.'i,7.'i7
247,048
bills receivable,
Advances, $673,365
due from cnndry persons and companies, $318,468.
Tho principal items are
$72,692
3.149,030
1,090,442
7,00(>,000
7,430.000
224,755
66,115
127,278
1,157.933
del)t
S
in,786,5S0
!f
7,000,000
7,44^,500
1887-88.
IS. 197,419
40
Stock
ProHtand
*
.H
13,235,634
1,847,356
Sundry aooounU....
faali on li»nd
Fundod
1886-87.
188.V86.
1884-85.
AHfdUK.
:
:
Inclades Jane pay loUr.
GENERAL INVESTMENT NEWS.
—
A map of the
projected between Atlanta and
Savannah, is given in the Investors' Supplement of this
date. The only mortgaRe of ihis.compiny is a 6 per cent
first mortgasteof $3,000,000, which is at the low rate of |12,000
per mile. It is stated that the syndicate owning the bonds
iesued under this mortg;age will shortly place them upon the
market.
Called Bonds. The following bonds have been called for
Atlantic
Atlanta
new
route of this
& Great Western.
line,
now
—
payment
Peterborough R.R. — Sinking fund
6 per cent bonds, dated
du^ October 1, 1S97, to be paid at the office of
the New England Tiust Company in Boston, October 1, 1888,
viz.r Six bond.s of J;.-)00 e- ch lumbered 109. 110, i:5, 159, 160,
167, and 3 bonds of |1,000 each, numbered 4, 59, 73.
Chicago Itnrlingtou & Qiilncy.— A Btston item says
" The C. B. & Q. capital stock U held— 14.000 shares in England
by 64 holders; 12,000 shares in oth< r countries by 54 holders
500.000 shares in New England by 9,000 holdeis; 160,000 shares
in New York bv 1,200 holders, and 78,000 scattered among
13,010 persons hold the stock."
1,700 holders.
Cleveland Colninbns Cincinnati & Indianapolis. The
following statement shows th^ earnines, expenses, charges,
&c. (including the Cincinnati & Springfield and Indianapolis
& St. Louis), for the month of August, and for eight months.
October
1877,
1,
,
:
—
.
Gross eamlnKS
Operating expenses.
Net earnings.
Interest, taxes, &c...
Balance
Additions to prop'ty.
——
August.
1888.
1887.
.
Tan. 1 to Aug. 31.
—
$4,956,-149
404,269
$300,504
174,500
$1,248,217
1,262,603
$1,583,218
1,376,292
$103,726
$126,064
29,89.'>
7,200
df.$14,440
173,030
$206,920
423,929
.$704, H33
$259,306
155,580
$73,832
Surplus
.
1888.
$4,798,641
3,550,424
$722,631
463,325
1887.
3,373,231
$110,804 df.$l88,070 df.$2l7,003
—
Denyer & Klo Grande. This company givfs notice that
the dividend scrip issued January 12 last will be redeemed
October 12 on presentation.
East Tennessee Virginia & Georgia.— Concerning a lease
of this company to the Richmond & Danville, the Daily Bul" President Thomas said that a form of lease h 's
letin says
been drawn up which seems about as sure of adoption a.^ any
document intended to accomolish tho o^'jecls above mentioned
could be. A dirfctor of Richmond Terminal said that the
lease being now informally considered provides that the D inville shall operate the Eist Tenneesee out of 66 2 3 per cent ot
the letter's gross earnings. The Ea-t Tennessee, it is proposed, shall recr-ive the remaining 33 1 3 per cent of gross
earnings, out of which shall b» guarantee! 5 per cent on the
first preferrd stf ok and fixed charges. Thep rcentageof 83 1-3
per cent to Eist Tennessee would app'y only to the first of the
twenty years for which it is proposed to have the lease run.
After the first year the percentages increase, by a scale proposed, to 40 p-T cent in the twentieth yeir. It is undi rstood
that both the East Tennessee and the boards believe that the
earnings of their respective systems could be considerably increastd under a lease. Any increase in the case of E st
Tennessee would of course belong partly to the junior stockholders.
A numljer of calculations have been made
which would set-m to show a surplus for the juniors in case of
a lease being made on the basis proposed.
:
Houston
& West
Texas.— An
agreement under
date of S.-pt. 12, 1688, between first mortgage bondholders on
the one side and a committee of the stockh' Iders on the other,
Fast
provides in substance for a reorganization of this company
and the issue of new consolidated 5 per cent 40-year gold
381
mortgage bonds at $18,000 per mile and capital ntock at not orer
130,000 per mile. The old first mortgage bond* are to rerntln
intact, except that after Nov. 1, 18S8, their intorMit i« to b«
reduced to 5 per cent, and for overdue int«ru«t to Nov. I
holilers receive now consolidated mortgage booda at pir and a
bonus of 1300 in stork. The new cooaolidated bonds, by including therein the 75,000 acres of land not covered by the
fln>t mortgage, are deemed a fair consideration for th« redaction in the rat« of interest for t^e comparatively brief time
the pr( sent first mortgage bonds have to run. Iloldeni of
statutory and eqnitibie liens are to receive new consoli lat-dbonds at par; holders of notes secured by second mortgage
bonds as collateral are to receive new consolidated mortgage
btnds, including overdue interest to Nov. 1, and also |900 of
new stock with each f 1,000 bonds; holders of all o'.her claims
against the company aio to receive stock at par.
The American lioan
Trust Company of New York will
be the agent and trustee to carry out this agreement and the
trustee of the new mortgage. The first mortgage bondholder*
and stockhclders have cluimed from the first that the second
mortgage bonds were never properly issued and were only put
out (If collateral for notes. The present plan is intended to
harmonize all interests, and to an outside observer of the
company's affairs the plan appears to b« jii^t to all parties.
Copies of the nian may be obtained av the offloe of the Amerloan Loan
Trust Company, 113 Broadway, or the American
Finance Company, 96 Broad w.iy.
&
&
LonisTllIe St. Lnnis & Texas.- This new line, which wa»
put under contract last year, is nearly completed and will bo
in operation by Dec. 1.
A map showing th« location of tho
road will he found in our Investors' Supplement issued with
the Chronicle to-day. The road extends from Louisville to
Henderson, Ky., a distance of 140 miles. It follows down the
southerly side of the Ohio River and has an ea^y grade
throughout its entire length. At Henderson connection is
made southwesterly over the newly-consiructed Ohio Valley
Road, which will in reality form a continuation of this road
and be an impoi tan t feeder to it. The Ohio River is bridgedat Henderson and direct railway connection is made with
Evansville and St. Louis. The road runs through the middle
of a strip of country from 54 to 76 milfs in width, which has
no other east and west railroad, and will give a short rail
route for the coal and other products of this section to the
City of Louisville. Six per cent thirty-year gold bonds at the
rate of 120,000 a mile have been issued.
Milwaukee Lake Shore & West.—The
report to Wisconsin
Total income,
taxes, $105 389
$2,928,660; operating expenses, $1,83S,668
dividends, $420,000 inrentals, $38,650
interest, $519,580
crease in bonded indebtedness during the past year, $910,000 ;.
mileage operated, 593 new mileage, 34,
Commissioners for vear ending June 30, shows
:
;
;
;
;
;
—
Missouri -Kansas & Texa!>. In the case for a receiver^
Judge Brewer, after hearing all parties, said that whUe there
were many reasons why a receiver should not be appointed,
still in equity such an action would be eminently just, inas~much as in equity the bondholders were the real owners of the
road. This fact, and the further considerations that the road
had defaulted the interest on its bonds, that it had run down
until the prospects for its reparation under existing conditions
vcere almost nothing, and that the bondholders themselves
would be at a greater loss should the conditions be maintained, led him to the conclusion that the petition should be
granted end that a receiver be appointed. After hearing;
numerous suggestions of names from the several parties, Judge
Brewer held the subject over, and was to appoint a receiver
today unless some person was agreed upon by the parties.
New Tork Central & Ilndson Rlrer.—The report for the^
quarter and year ended September 30 (Stiptember partly estimated in 1888), is as below.
—Tear ended Sept. '0.-»
^Quar. ending Sept. 30 ^
Eiiimaled.
1888.
Actual.
1887.
$35,297,05522,388,623
(63-43%)
Estimated.
1888.
Actual.
1887.
$9,.V>0,074
$30,117,000
Gross oam'gs.. $9,174,000
*24,62'^.000
0,003,068
Op. expenses. 6,550,000
(03-4 8%)
(09-13«6>
Ex. to earns..
(0 8-19%>
Net .earnings $2,924,000
$:j,4>'7,000
$11,489,000
912.908,432
7,82rt.5n()
7,760,924
First charges
1.962.tK)0
1.889,324
$3,662.5o0
$5,147,508
Pro3t
$W02,000
fl,597,0!'2
(4) 3,577,133
Dlvidoad
(1) 894,283
(4 ) 3,577,132
(1) 894.283
8ur.$S5,3U8 8r.*l,d;0,37«
Balance., sur. $07,717
8ur.$703,399
Note.- Tlie operating expenses for this year as sliown above include
.$2,700,000 (partly estiuiatcU) expended for renewals and additions to
rolling stock, enliirgcmenis and betterments of tcmlualsand statloDSr
sirongthening bridges iind improving general condition ot track.
.
"
—
Pennsylvania Railroad. The gross and net earn -ngs for
August, 18s7 and 1888, were as below stated. On the lines
west of Pittsburg & Erie the net results, after payment of
interest and all charges, is shown in the second tible.
LINES EAST OP PITTSBURO * ERIE.
y«< Earninet.-—-,
Oross Earnings.
.
.
1888.
Jan. 1 to June 30.. $27.8.58.199
4. '22,41!
July
Augiist." ;;;!.";
ToUl
1887.
8
'.'....
mof
.
1887.
1888.
$2«.H70.n8 $8,692,759 $8,784,38»
5,390,939
4.0.M.370
5,022,012
1.508.410
2,149,422
1,673,541
i,907,s3g
$38,07r550 $36,047,100 $12,440,591 f 12,365,460
LINES WEST OF ITrtSBDRO A ERIE.
yet surplus or deftcU afterpayment of charges.
1887.
1888.
.^.^'"i^St
LaM.«3|0.6|«
8nr. $100,782
Jan. ltoJune30....Def.$219,900
Loar 84.7»
Sur.
150.608
85.888
8ur.
July
to—. 808.444
8tu-.
241
,741
39.i97
Sur.
August
Total 8
mos
Dcf.$114,715
Sur. $493,131
Umt.9007,94.%
THE CHRONICLE.
T?82
[VoIm
XLVII
earnings for usual. The following comparative atateinant of earnings and
Philadelphia &Reading.-The gross and net
1^88-7 and expenses in the fiscal year eading Juae f is furalshel ia
August, and for nine months of the fiscal years
The net earnings of botn advance of the annual report
1887-8 have been as iaelow given.
against
1887.
1888.
compani.8 aggregated $1,110,348 in August 1888,
$3,028,448
earnings
$9,561,905
months of 1887-b» tney Gross
Operating expenses
4,314,895
$1 360 738 in AuRUst, 1887 for nine
4,769,936
m
;
1888-87:
10,804,161, against $8,552,752 in
RAILROAD CO.
were
l^sF
Aua
$2,014,568
Oross earnings
Operating expenses...
.
.
Net earnings
Vee. 1 to
Aua. 31.
188C-87.
1887-88.
1887.
$2,055,764 $14,817 838 $ir>.6U 631
jm,.jj
94 2,8!).^
g,.i.io,o^i
.
the
company
$1,650,000.
The company has been paying 20
Srcen^ dividends and Beading
is
declared to have received
investment back in dividends. Ihe
Company was
Btockwas bought a! par when the Tidewater
Corbin for sell ng
organized. The reason given by President
one business-the
the shires is that he desired to have but
to friends of the
operation of a railroad. The sale was made
P.pe
Tidewater Co. Reading, by the sale of its Tidewater has
dividends it
Livestock, makes a clean $1,000,000 besides
stock of the n^w
had. The money will be invested in the
$1,750,UUU
Terminal Co. here, as the company agreed to take
ner cent of
fl^
the
its original
other
$5,350,000
to
come from
other
sources.
first
mortgage
of it,
VanThese shares were part of the collateral in the famous
derbilt loan."
Eichmond & Alleghany.— The committee
of
$3,713,553
415,782
514,447
$5,514,615
2,793,751
$^1,643,782
Balance
DiTidjnds
$3,720,864
1,200,0(JO
$2,473,373
1,200,000
Balance
Sinking fiiud
$1,520,864
315,000
$1,273,373
415,782
Balance
Renewals
1,205,864
750,000
$857,591
600,000
Surplus
$455,864
,>)i257,o91
sales
Otlier
Income
Total
Interest
'
S,702,211 $7,918,220
$1,071,676 $1,127,465
Net earnings
COAL & IRON CO.
—Dec. 1 lo Aug. 31.
Aug.
,
1886-87.
1887-88.
I CQQ
1887
«" 438 161 $1,979,716 $12,974,524 $12,746,724
™4„„=
12,112.192
8r»at1n?exfenses:::*5;3EI:Ji8 ^>4M43*12,872,582
$101,942
$634 5o2
$233,273
$38,073
Netearnings
has sold its
-The Philadelphia Inquirer says that "Reading
yielding
Pipe Line stock for about $325 per share,
Tidewater
$1,791,919
271,938
450,758
Land
granted
bondholders who objtct to the terms of settlement
a
them in the proposed Chesapeake & Ohio deal have issued
for such o ejeccircular giving at much length their reasons
and
and give facts
tions. They go into the histoiy of the road
Copies may be had
statistics in support of their position.
consists of
at 46 Exchange Place, room 16; the committee
Messrs. Geo. Buckham, John C. Barron and Jas. Baker.
Rome
Rome & Decatur.— At Rome, Ga., September 26, the
Decatur Railroad case was concluded by Judge Maddox
ordering the road to be delivered by D. Callahan, the conMajor
tractor, to Judge R. T. Dorsey, receiver, who appointed
R. A. Bacon his superintendent, and possession was taken by
the receiver immediately.
San Antonio & Aransas Pass.—The earnings and expenses of this load for the year ended June 30 compared as
follows with the previous year
&
— The completion of the Cando branch
2,170,409
announced, an important extension of this line in Dikota. The C indo branch
extends from Church's Ferry, northward, in Dakota Territory,
for a distance of a little over fifty miles. This branch will
cost the company about $600,000.
It is the last of the newlines which this company has in hvnd, though a nuinberof
other branchej are bding built byseuaratacompinies in which,
the Manitoba has an interest as its feeders.
is
Sutro Tunnel.— The gross earnings in August were $37,334;
net, $14,181.
From Jan. 1 to August 31 gross earnings w.?re
$227,890, against $171,804 in 1837; net earnings, $143,489,
against $114,695 in 1837.
The net earnings in 1833 have been
somewhat reduced by disbursements incident to the pending
litigation.
Toledo Ann Arbor & Lake Michigan;— This railroad,
which is to be operated in conjunctioi with the Toledo Ann
Arbor & North Michigan aian extension, is under active coaslruction by New York parties. Rails for thirty-five miles
have been contracted for, and the first shipments have been
already forwarded. The thirty-five miles will probably be
completed by December 1.
Vicksbnrg & Meridian.— The
to take place Oct. 3, has
sale of this road, advertised
till D.;c. 3 owing to
been postponed
the yellow fever epidemic.
Wabash.- The report of Receiver McNulta shows receipts
during August on current accounts $908,581 disbursenipnts
on current accounts $787,733; balance for the month $118,858.
;
—
The attention of investors is called to the notice! of
Messrs. Unger, Smithers
Co., in to-dav's Chronicle, ofiEer1888.
ing 3,000 shares, of the par value of $100 each, of the Metro170
145
Average mileage
eali-oQ
$542,941 politan Phonograph Company, which, under authority of the
$291,768
Gross earnings
*'''''*'i"5'
405,641
151,921
557,o63
Operating evpenses
North American Phonograph Company and of Jesse H. Lip$137,299 pincott, sole licensee of the American Graphophone Com$139,947
$277,146
Not earnings
117,376 pany, control the exclusive right to use and operate the
92,083
209,160
-Interest charges
phonograph and phonograph- graphophone within the coun$19,923
$47,763
$67,686
Total
ties of New York, Richmond, Westchester, Suffjlk, Queens
map showing the line and its coDnectiona wiU be found and Kings, in this State. This is an opportunity for the
in the Investors' Supplement.
public to become interested in one of the great electric invenSeattle Lake Shore & Eastern.—The mileage added by tions of the day, and the financial agents will furnish inforBooks for applithis season's work will be 85 miles, which will give the com- mation concerning its extended possibiliiies.
pany a total of 130 miles in operation by December cation are now open,
Since the opening of the completed division, about May 1,
1.
—The Northwestern Guaranty Loan Company of Minneathere has been an average of about 50 milts in operation, polis, Minn., invite subscriptions for the propjsei issus of
from which the gross earnings have been about $16,000 additional capital stock. The company has purchased the
monthly, with operati' g expenses of 43 per cent. At this rate most prominent corner in the city of Minneapolis, next to the
gross earnings for one year would be $192,000; operating ex- new post-office, and is erecting a large fire-i>roof granite
penses, 43 per cent, $83,560; net earnings, $109,440; interest office building (132x155), twelve stones high,
to cost
charges, $75,000; eurplus, $34,440. The friends of the comIt will be the largest of its kind in the North$1,000,000.
pany consider this exhibit of actual earnings for a new road west, and be to the city what the Equitable Building is for
very satisfactory, particularly as the Gilman coal mines, New York and the Drexel Building for Philadelphia. The
which furnieh a good part of the traffic, have been practically Lames of the directors and particulars as to the subscription
The difficulty at the are given in the advertisement in another column.
idle, owing to the condition of labor.
mines seems likely to be soon cleared up, and in that event it
Stanton oflfer and recommend as a desirwill
once
add
at
—Messrs. Coffin
$12,000 (and very soon
is stated that they
1913;
$20,000) per month to the earnings, which will also largely able investment $100,000 Jersey City Water bonds, due
reduce the percentage of operating expenses. The coal mines $100,000 city of Minneapolis 4 per cent bonds, due 1917; $100,Red Mountain 6 per cent gold bonds, due 1937;
are reported in excellent physical condition, and capable of a OUO Helena
by the Northern Pacific Railroad of interest and a
very large output, which fliida a ready market. The officers guarantee
„
predict that the new mileage will be found to be equally as sinfeing fund to provide for principal at maturity
prolific of traffic as that already operated, as they say that the
statement of the financial condition of the Equitable
country tbrouuh which the road runs is naturally rich in re- Mortgage Company at the close of business Jure 30ih, 1888, will
sources and Is growing rapidly in populaticn.
ba found in the back of the Investors' Suppl'.ment issued
St. Lonis Arkangas & Texas.—At the close of business on to-f!ay. The company shows assets of over .$4,000,000, indicaFriday it was reported in Wall Street that the St. Louis ting a large clientage. They have offices in New York, Boston,
Arkansas & Texas R.R. had been bought by Mr. Russell Sage, Philadelphia, Kansas City and in Ljndon.
who took enough of $6,000,000 2d mortgage bonds in the treas
St. Louis first mortgage 5 per cent
—Chicago Peoria
ury to pay off floating debt, steel rail the line and pay No- bonds are offered for sale by Messs. Hatch
see
Foote
vember interest.
advertisement giving the earnings of the road and other
map showing the Jacksonville Southeastern syaSt. Panl Minneapolis & Manitoba.- At St. Paul, Minn., details.
September 25, the annual meeting of this railroad company lein, to which this road belongs, may be found in the
was held. In the board of directors Henry D. Minot and Investors' Supplement of this date,
Allan Manvel. of St. Paul were elected to succeed F. P. Oltrust company now forming in one of the large SoutW
cott, of New York, and D. C. Shepard, St. Paul.
The only em cities, endorsed by prominent business men boh here and
change in the Executive Department i" the substilulion of Mr. there, is seeking a capable and energetic man to take the
Manvel as Vice-President for John S. Kennedy, of New York. management.
An advertisement on the 6th page of the
.The quarterly dividend of 1}4 per cent has been declared as Chbonicle gives further particulars.
1887.
&
Increase.
A
&
&
.,
—A
&
A
—A
&
;
Sbptember
iiO,
THE
1888.]
|[^jc<jorJs
OHROiSriCLE.
Our
jPocwmeitts.
awrt
CINCINNATI INDIANAPOLIS ST. LOUIS
CHICAGO RAILWAY.
&
t
ANNUAL REPORT
FOR THE YEAR ENDTNO JUNE
30, 1888.
" During the year just endrd the Company hna operated
four hundred and thirteen 56-100 (413'50) miles of railway, the
gross income from which has been a trifle over $3,000,000.
Tlie Treasurer's ttutemont of oarniiiKs and expenses covt-rs
tlie details of only three Iiundred and two 66- 100 (8(I2'G()) miles
of ro:uI to wit: The main line, from Cincinnati to Kanltnkee,
two hundred and fifty (2."i0) miles the Harrison Branch, from
—
;
Vallej- Junction to HarrLson, 7'8;J miles; Fairland Franklin
Martinsville, from Fairland to Martinsville, 3S'23 miles;
the Lawrenceburj? Branch, from Lawrenceburg Junction to
&
Lawrenceburg, S'Ol miles the Cincinnati & Southern Ohio
River Railroad, from Lawrenceburg to Aurora, 3'69 miles.
These lines either form a part of the original line or
;
else the
company owns
all
their sfcurities.
The Vernon
Greensburg & Rushville Railroad, 4'l-54 miles, the Columljus,
Hope & Greensburg Railroad, 34-28 miles, and the Kankakee
& Seneca Railroad, 42-08 miles, have been operate! by this
company, and their earnings kept separate, as there are still
small interests outstandimj, and their earnings do not figure
in the reiwrts of the B^eight and Ticket Accountant or the
Treasurer, except the interest on the bonds held by this company, which is included in the miscellaneous receipts.
For detads of operation 'during the year, you are referred
to the attached reports of the different officers, which give
full information.
According to the policy of the Company, 67 lb. stcl has
been substitut'd for 56 lb., and the lighter steel laid in side
tracks and on the branches, and the road-bed has been improved by the distribution of 8,918 cars of gravel 25,038 feet
of siding have been laid during the year to facilitate the passage of trains and the handling of new business.
It will he noticed, in the comparison of expensf s, that the
freight expenses have largely increased. This is due to the
fact that the wages of laborers have been increased in various
places, and to the fact that our local business decreased,
for the reasons hereinafter stated and this has been made up
by now traffic, obtained from a distance, the cost of soliciting
and handling which has had to be added to freight expensrs
and to the further fact that, owing to the low water in the
Ohio River during the fall and a portion of the winter, the coal
business of the company west-bound was very much less than
usual, and cars had to be hauled west empty this added to
the expenses without increasing the earnings. The report of the Superintendent shows a trifling increase in
loaded cars handled, and twenty-five per cent in empties,
which is due more to the above fact than any oi her. The
only other considerable increase in expenses is in that of fuel,
which is due to the fact that the company could not get its
customary supplies by river, and had to buy in the market at
largely incre;ised cost. The large increase io passengers carried one mile has been handled with a decrease in passeugf r
train mileage, and a very slight increase In the mileage of
coaches— all of which speaks well for the transportation
traitis
883
hive been run with great care
an d no
an<l nkill,
serious acoidontg, either to freight or pasMnger trains,
bare
resulted.
By the report of the Freight and Ticket Accotintant,
wfll
be seen that there Is a largn and health ir Increano in pftrwengers can led one mile, and also a small incr. ami in the number of tons of fro ght carried one mile. Tin rale on Ixith,
a»
has bi-on the rule of late year, shows a decrease.
The conversion of the old bonds of the Company into ne'W
fours has b en going satisfactorily forward, under contraet
with Messrs. Drexel, Morgan
Co., and there w.re, at thoclose
of the accounts for this vear, ff., 081,000 fotirjer cent bonds
ou'slanding, as against $5,2.56,000 one yfar ago. |1,0^:!,<JOO
of the old seven per cents fall due on the first day of October,
1888, and the money is on deposit with the axents of this
company in New York to pay the discour.t and commissions
on the sale of the new fours and this one t'Hnsaction will
save the Company about thirty thousand dollars (|30,000) a
year in interest. This will leave $3,l'i8,750 of the od sixes
and sevens out, or about one- third of those outstanding when
the refunding commenced, three years ago.
The Company has turned over to the trustees of the four
per cent bonds, for sinking fund account, one per cent of the
amount outstanding November 1, 18h7,— to wit, fifty five
thousand dollars ($55,000), which will be canceled according
to the provisions of the mortgage.
Considering all th'Bse matters, your directors congratulate
the stockholders upon the favorable condition of the company. It is free from debt, it has a considerable i-urplus in
its treasury, its interest charge is being constantly reduced,
and its property is in good condition. It earned last year
nearly six per cent on its stock, and with the same earnings
for the coming year the surplus will be quite equal to that
figure (owing to reduction on its fixed charges); and it has
harmonious relations with all of its connections, snd the certain prospect of large and increasing business from new ones.
For the directors,
M. E. INGALLS, President.
H
&
;
Cincinnati, September, 1883.
;
;
;
;
department.
The earnings for the past year, from the local freight
traffic, were very much reduced by the operation of the InterState Commerce law. It had been the custom of the Company, for years, to charge a reasonable sum for local freight,
over and above the proportion of the through rate
but
after the passage of the Inter State Commerce law it was
thought best to put our entire traffic on what is known as the
Lake Shore and Pennsylvania basis— that is, that no rate
eliotild be made from a local station higher than the competing rate for a longer distance. There is no good reason that
I have ever heard advanced why local stations should have
the same benefit a? large points of traffic, where the expense of
doing business is great and the volume large; but it is idle to
endeavor to maintain rates higher than your competitors,
who practicallv compete for the same business. Our loss from
this it is hard to estimate, but it was very large.
The corn crop, which is one of our chief reliances for business, wa.s also very poor; this year it is very large, and gives
;
COMPARATIVE BAIu^NCE SHEET JUNE 30, '87, AND JUNE 30, '88
June
30, '87.
June 30,
m
Construction .and equipment
$13,281. fi6i
Hi):; Four j-raiu elevator
215,757 8K
TikIs. Uuioii Ry. Co. pi'oprietary acc't..
110,122 0-1
Bond reJemp'u.prem.cfe expense ace'c.
1,090,442 12
Suiidf' seciriitles owned by company.
3,149,030 65
Materiala and supiilies on hand
14i),9.>3 08
Advances to br;incii lines
527,382 00
Bills receivable
376,142 50
Due from sundry persons & companies
386,637 35
'88.
$13,570,831 19
215,757 86
121,052 20
1,140,293 72
S,165,4n0 6&
152,290 04
673,365 .50
72,692 50
318,468 17
Fnnds in hands of agency for redemption ot bonds
interest and dividend funds
deposit at banks
Bond
.
V.
8.
92,500 00
on
40,544 75
28,358 30
19.790 55
Post Otiice Department
tUe company
Due from ageuts of
Cash
67
1-15,747
40
31.985
28,725
55, 174
44,533
$19,527,571 31
94
74
58
$19,686,451 4»
LIABILrriES.
June 30,
Capital stock
subscription to
June 30, '88.
'87.
$7,000,000 00)
Received from stockholders on aoct. of
new issue of stock...
1,8.54,060
9,035,7.50
Mortsase bonils
Acoovints payable
^
00)
00
220,922 57
89,858 13
49.428 75
June pay
rolls
Uno()llecte<l bond int. and dividondsi .
Due sundry persons .iml companies...
ProfU and loss account
Includes interest due July
9,073,750 00
165,r)S7
89,365
44,344
65.756
247,647
58,6; 1 11
1,218,830 75
06
53
25
99
69
$19,686,451 49
$19,527,571 31
t
$10,000,000 OO
1.
New York Stock Exchange.—New Secaritics Listed.—
Th» Governing Committee of the New York Stock Exchange
have added the following to th i list
City of St. Louis, Mo. $1,985,000 four per cent gold and
sterling bonds, issued for the purposa of redeeming |2,03^,0OO
bonds maturing on various dates, up to and including Sept.
The total indebtedness of the city on August 1 was
1, 1888.
—
$21,964,000.
Long Island Railroad.— $1,000,000 general mortgage
four
per cent gold bonds.
Mobile & BmiiiNaHAM Railway.—$2,770,000 first morta good prospect for an increase of earnings.
gage five per cent gold bonds of 1937,
Th' re has been about the same competition for business for
New York & Rockaway Bkach Railway.—$800,000 first
the past year as in previous years, and as there will probably mortgage forty-year five per cent gold hond-<, $1,000,000 second
be in tlie future.
mortgage income bonds and $1,000,01)0 capital stock.
The new Chesapeak>? & Ohio line, with its bridge over the
Ohio Indiana & Western Railway (the r«"organized
Ohio, will probably be finished during the coming year, and Indiana Bloomington & Western Railroad). $500,000 first
this will undoubtedly add largely t6 the revenues of the com- mortgage fifty-year gold five per cent preferred bonds,
pany.
$6,500,000 first mortgage fifty-year five per cent g.rli bonds,
Ad of these matters give encouragem«it to the stockhold- $2,000,000 second mortgage fifty-year five per cent gold bonils,
ers that the present rate of dividends can be continued and a $10,000,000 common capital stock and $764,300 prtferred capisurplus earned, which can be used in improving the road, and tal stock (the amount to be increased upon the list when
in time an increased dividend paid on the stock.
official information shall have been received that a further
—
Tlie property of the Company during the year has been
maintained, and is in its usual satisfactory condition. The
new cut at North Bend, to avoid the tunnel, is nearly completed, and the dirt from this has been used in extending the
grade for double track, also in raising the tracks of tha company on the Lawrenceburg branch under contract with the
oity of Lawrenceburg.
amount has been issued).
St. Louis Arkansas
&
Texas Railway.—$347,000
addi-
tional first mortgage gold certificates, making the total amount
listed, $15,922,000.
Utah Northern Railway.—$1,359,000 consolidated first
&
mortgage
five per cent itold bonds.
Western National B.vnk.—$3,500,000
capital
stockJi
THE CHRONICLF.
384
COTTON.
^ht iS^ommzvtml %imts.
COMMERCIAL EPITOME.
Friday Night.
I,
respects favorable to crops
and business
Friday, P. M,. Sept,
The Movement or the Crop,
from the South to-night,
and
in all
but the spread of
;
28, 1888.
by our telegrams
as indicated
given below. For the week ending
is
this evening (Sent. 28), the total receipts have reached 138,399
bales, against 89,677 bales last week, 45,691 bales the previous
week and 39,164 bales three weeks since, making the total
receipts since the 1st of September, 1888, 303,931 bales, against
654,776 bales for the same period of 1887, showing a decrease since September 1, 1888, of 351,845 bales.
Sept. 28, 1888,
delightfully seasonable
The weather hag become
[VOU XL^II.
trade
yellow fevor at the South proved a great obBtruction to
its early
of
prospect
little
with
States,
large
in some of the
Receipts a(-
removal, though some modifications of conditioES have already
A "corner" at Chicago on September contracts
occurred.
one of the incidents of speculation this week.
is
wheat
lor
Mon.
Fed.
Thurt,
Fri.
Total.
5,233
5,593
5,548
4,630
5,140
2,849
28,993
4,002
7,313
1,767
7,699
1,318
4,044
3,980
2,9-^4
530
5e4
813
901
99
30,042
5,893
6,795
5,627
5,326
5,249
6,376
1,243
2,909
1,617
2,289
2,409
7,505
1,887
3,029
35,878
1,887
13,496
549
407
494
314
480
545
2,789
734
1,188
1,187
1,686
25
712
126
1,835
95
337
587
478
7,322
1,648
8
Sat.
Galveston
Tuet.
Indlanola, i&o
New
Orleanfl
. .
Mobile
Florida
Lard on the spot has continued dull and nominal, but closes Savannah
Brunsw'k.&o.
firm at 10-50c. for prime city, 10-90® lie. for prime to choice
Charleston
Western and lie. for refined to the Continent, The specula-
,
tion in lard for future delivery
was dull
and developing some
prices unsettled
all
Port Roy al,&c
Wilmington
Wash'gton, <feo
Norfolk
WestPolnt,&c
New York...
Boston
Baltimore
the week, with
.
But
irregularity.
to-
,
day showed renewed buoyancy, with a^air degree of activity,
fitimulated by a Western speculation.
DAILY CLOSINO PBIOBS OP LJIBD PDTUBBS.
Saturd'y. Mond'y Tiiesd'y. Wednsd'y. Thund'y. Friday.
10-55
10-55
10-81
Oct. dellverv... .0.10 70 10-70 10-61
9-55
9-50
9-65
9-64
9-60
Nov. deU very... .0. 9-70
8-55
8-58
8-65
8-64
8-62
Deo. delivery... ..0. 8 60
8-43
8-43
8-41
8-41
8-46
8-40
Jan. delivery... ..c.
8-55
8-58
8-65
8-64
8-62
Year delivery.. .0. 8-bO
Pork
is
higher but unsettled.
There was
Chicago, with a
cited speculation at
to- day
For comparison we give the following table showing the week's
in
response
in this market, though prices are slightly dearer than last
week; new mess $15 75(S$16, extra prime $15@$15 25 and
clear $17@$19, Cutmeats are unsettled; pickled bellies 9^g@
lOi^c; shoulders 8(g8}^c., and hams 12@12}^c.; siroked
•boulders 9c. and hams 13}4@lZ%c. Beef quiet at $7@|7 50
for extra mess and |8 5C@|9 for packet, per bbl.; India mess
quoted at $16 50@|18 per tierce; beef hams lower at $13 75
@$14perbbl.
Tallow is scarce at 5J^c. Stearine is quoted
12J^@12i^c. and oleomargarine at 10@103^o, Butter is in
fair demand at 16@24c, for creamery and llJ^igMJ^c. for
Western factory. Cheese is more active and firmer at 7J^@
9J^c. for State factory.
Coffee on the spot has been moderately active for the regular trade, -with fair cargoes ^Rio selling at 15o, also to-day
3,700 mats Java at 17Jgc,, and other large transactions in mild
grades. The speculation in Rio options has latterly been
;
rather quiet, but at hardening values, and to-day there was a
further advance, closing steady, with sellers as follows :
October.
November
December
January
Raw sugar
12'70c.
12-OOo.
ll-50o.
February
11-...00.
May
Marcb
April
ll-20o.
ll-lOo.
11-lOc.
11-150,
I
I
I
2
week 19,300 24,837 22,859 19,262 19,982 22,159 128,399
Juno
ll-Li^o
July
ll-20c
August
ll-20o.
This
Week.
Sept. 28.
Salveston ...
Ind-nola,&c
New Orleans.
Mobile
Florida
Savannah ...
Brunsw.,&o
Charleston ..
P.Boyal, <&c
Wilmington
118,134
38,832
54,803
30,042
5,893
99
35,878
1,887
13,496
60,319
6,908
1,127
64,958
1,085
28,351
85
12,317
33
19,609
16,382
133,877
20,714
3,869
166,425
6,524
91,978
1,248
36,723
42,428
5,924
83,246
6,180
44,405
89,098
18,100
3,878
43,838
81
24,627
7,322
1,648
58,693
15,102
881
91,263
2,619
27,069
28
6,761
57
13,012
2,510
41,233
32,961
4,885
17,247
8
8
l.'ll
666
191
100
636
22
29
100
677
46
131
90,068
3,000
1,854
408
47,004
5,000
1,489
4,417
302,931 238,745
654,776
253,782
377,689
2,789
Bo8tx)n
Phll'del'a,
&o
191
2
1888.
very active, and
759
1883.
1884.
2,33-<
2,!<99
238,745
156,465
159.66i
168,721
165,461
389,325
435,128
425,646
484,968
MobUe
week
1885.
128,399
28,993
30,042
5,893
35,878
13,496
2,789
New Orleans.
Tot. this
1886.
1887.
we
33.849
34,032
3,059
37,495
24,808
9,079
9,696
1,606
2,841
Qalveston
7,32^
1,648
All others
Prices are unchanged. Seed leaf continues
sales for the week are 1,750 cases, as follows
136
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Cuba and 6i^c, for centrifugal, 96 deg, test. Savannah ...
Refined sugars are dull and weak. The tea sale on Wednes- Charle8t'n,A;c
day was without new feature. Rice is unsettled, as between Wilm'gt'n, &o
Norfolk
old and new crops,
Kentucky tobacco is steady, with sales of 250 hhds, of which Wt Point, &c
for fair refining
82
128,399
Totals
1887.
1888.
30,784
W.Polnt,&c
New York
...
Stock.
Since Sep.
1, 1887.
83,389
.
Baltimore
This
Week.
Since Sep.
1, 1888.
2S,9d3
Wa8h't'n,&c
Norfolk
Receipts at-
'
has been about steady, but closes dull at SJ^c,
160 for export.
and the stock
1887.
1888.
Beeeiptif to
little
151
191
2
15
191
17
total receipts, the total since September 1, 1888,
to-night, compared with last year.
an ex-
marked advance
October options, but the movement met with
8
119
Phlladelphla.&c
Totals thia
99
36,784
60,319
6,908
54,958
28,436
12,350
19,609
16,382
27,781
39,356
6,818
34,501
27,690
4,734
15,258
6,479
2,844
23,401
30,156
6,466
41,281
31,912
6,778
18,126
6,754
3,844
27,482
29,185
4,014
42,501
25,114
5,696
14,067
9,764
1,640
:
200 cases 1881 crop, Pennsylvania, 14@18c,; 1,400
cases
1886 crop, do., 7K@13c.; 400 cases 1887 crop, do.,
9K@14>ic,;
150 cases 1887,crcp, Pennsylvania Havana, 16@28c.; 400
cases
1886 crop, State Havana, private terms; 400 cases 1887
crop,
<Jo,, ll@22c,; 500 cases 1887 crop, Wisconsin
Havana, 5@13,';
300 cases 1886 crop, Wisconsin Havana, 9@12c,; 200 cases 1887
crop. New England Havana, 13}^@35c,; 150 cases
1887 crop, do.
eeed, 14@22Kc.;150 cases 1886 crop Dutch,
9@llc., and 200
oases sundries, 5@28i^c.; also 700 bales Havana,
60c. @$1 10,
*nd 250 bales Sumatra, $1 17® $1 75.
Spirits turpentine is dull, and closes
easier at il}4@il%c
Rosins are a little firmer at $1@$1 05 for
common
atrained.
acme
Wool and hops
depression.
On the
are very firm,
good
but clover seed shows
Ocean freights are scarcely so
to
firm.
Metal Exchange speculation has been
rather quiet.
To-day Straits tin is easier and nominal at 23
55c, on the spot,
and 23'25c, for December. Ingot copper is nominal
at 17-60c!
for October. Domestic lead is dearer
but closes dull at 5 -05c.
for October. Spelter has advanced
and closes at 5-15c, for
October. The interior iron maikets are
quieter.
Since Sept. 1
302,931
654,776
for the week ending this evening reach a total
of 49,505 bales, of which 41,061 were to Great Britain, 1,315
Below are
to France and 7,129 to the rest of the Continent.
the exports for the week, and since September 1, 1888,
The exports
Week Ending Sept
Exported to—
—
4,584
New
Orleans..
9,697
.195
From
Sept. 1, 1888. to Sept.28. 188
Exported to-
Conti- Total
Great
BriVn. France nent. Week.
/row—
Oalveston
28,
Great
Conti-
BrUain. France
4,664
8,698
9.892
16,730
tifnt.
Tbtol.
8,688
10,073
2,7B7
29.590
4,650
4,650
21.888
79,885
12,795
»,n(W
Mobile
Florida
SaTUmah
Charleston
....
WllmlnKton
..
Norfolk
West Polnt,&o
New York
Boston
Baltimore
8,128
11.027
2.6-2
....
Phlladelp'a'ftc
Total
Total M87..
..
1,316
2.S98
2.5T0
41,061
1,S1B
B2.617
12-1
8,112
8,1!2
8,122
B.013
57
17.280
2,7J9
1,366
3.756
5S3
3,163
53,488
12,625
4.715
4,S90
7,129
4B,5C6
108.778
15.086
38700'lSl,445
188 287
6,era
4,938
170
1,983
583
4,»82
El,550'
155,420
54,864
248.81S
SEPntMDKR
THE
29, 1888.]
(JHRONICLR.
In addition to above oxportH, our toleKniiiis to-nightalBO kivc
OB the following amounts of cotton on 8liipl>oard, not cleared,
We add Himilar (iKurcs for New York,
at the port.s n.-inied.
which are prepared for our special use by Messrs. Carey, Yale
&
Lambert, 24 Beaver Street.
On Shipboard,
AT—
Stpt. 28,
i
385
The Sales and Pkices op tuiuuEa are Bhown by the
follow
nK oomprehenslTS table
:
not cleared—for
Leaving
Oreoi
Other
Britain. France. foreign
NewOrleaoB....
3.285
Motille
None.
7.184
None.
1,900
4,500
3,040
3,650
10.200
3.000
Charlt'fltou .....
BavHDiiah ......
Galveston
Norfolk
New York
Other iiora
1,600
400
2,512
None.
740
None.
Ooail-
319
652
None.
None.
3.200
2.272
None.
5,650
1,000
None.
Stock.
Total.
trite.
4,500
8.529
1J,500
None.
4,300
12.600
16,353
700
4..350
635
16.600
4,000
73,468
5,140
800
None
None.
30.888
-..024
l.'I.HOO
81,805
22,.i70
TotaJ1888
29.:.75
12,396
12,641
15,181
69,793
18,^,989
Totall887
Total 1886
64.891
50,265
13,886
G.047
50,705
18,205
19,6S9
15,487
149,231
90.004
228.458
240.029
The ep?culation ia cotton fer future delivery at this market
has been only moderately active for the week under review,
with a feverish, unsettled tone, and frpquent though rather
narrow fluctuations in valu ss. There was a sharp advance in the
Liverpoool market, notwithatandine the adoption of a "shorttime" policy by a majority of the Lsncashire spinnen. The
weather at the Sauth has become favorable to the maturing
and gathering of the crop, but the spread of the yellow fever
into towns of Alabami and Mississippi threw the peop!e of
whole discricts into a panio, and led to such rigid local quarantin°8 thit railroad transportation was nearly suspended.
The alarm appeared on Wednesday to have measurably subsided, the weather having turned ciol and bracing, and railroad
officials were enc^iuragfd to make e£forts to start trains.
On
Thursday the market weakened a few points, the depression
being caused by a slight decline in Liverpool and a further
improvement
in Southern advice?.
To-day reports of frrst
or indications of frost at the South caused an early advance,
with considerible activity in the dealings, but the advance
was checked by the increasing movement of the crop at the
interior towns. Cotton on the spot has met with a good spin-
ning demand, and shipments on consignment have continued
liberal; but large receipts by coastwise stean^ers prevented
any material reduction of stocks. On Wednesday quotations
were reduced I-I60. A good deal was said of the poor quality
much of the offerings from the new crop — being gin cut,
damp and sindy. To-day the market was fairly active at
of
10 7-16c. for middling uplands.
The total sales for forward delivery for the week are 381,800
For immediate delivery the total sales foot up this week
bales.
22,921 bales, including 11,937 for export,10,984 for consumption,
for speculation and
in transit. Of the above
bales
were to arrive. The following are the official quotations for
each day of the past week Sept. 22 to Sept. 28.
—
—
—
—
UPUA.ND8.
Low
Good
fib.
'rllddllnx
Btnct Low HlddllBg
Mlddllne
MiildllnK
,
[
.9
t)'
1
LowMlddUne
Low Middling
1019
101»„ lo:a,.iio\
11
11^9
ll'l«
1H1« 11
1
121,,
Smt.
7\
SM
I
!
71»i8!
8B,g
9>4
91I1,
9%
I
12
Wed
9ll«
iS'-
lOH
\
10%
11%
12
Tb.
7\
6H
7\
8M
713,g
8B,g
I
au
9%
8%
11
1138
ll'is
12'i«
raon Tnes
9»]g
7«»
lOTj.
lO^tl
U7,g
Xb.
93,g
9S,,
9n,g
911,
10S,s 10»,B I1019 ilOie
lOSs lOTiB 10', g 10%
10%
10»,, 10%
10% 10»ig I10»,g
ICg lOlS], 1016,, l()7j |107g
llig
iis,8 inig :im
11%
Illia
U>,g ll»,g |11J« lHa
123,g 12i,g ll2% 112%
1121s
llOifl
Btrlot
MlddUnn
Good Middling
Btrlot Good Middling
Middling Fair
Fair
8TAINE1>.
Good Ordinary
7lii« 711 i< 7»8
8>8
8H
8»i«
9»8
»'m 9»8
Si"
9«8
9»8
9»,g
10
lO'ig 10Ji«
10>4
106 J 106,, 10>4
12
GULF.
Wed
7»8
lO'n io4
,
.,
Strict Good Middling
Middling Fair
Fair
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary
IHon Tnee
Sat.
Ordlnnry
Strict Ordinary
Snod Ordinary
Strlc' Good Ordinary
Sat.
^^Ib.I
Ordinary
Middling
Middling
Strict Oooil
i
Low
7»,g
8^
93,g
llO
I
MARKET AND SALES.
The total sales and future deliveries each day during the
week are indicated in the following statement. For the convenience of the reader we also add a column which shows at a
glance how the market closed on same days.
AI.BS OP SPOT AKD TRAHSt;.
SPOT MARKCT
CLOSED.
Bat
..
Qiilct
Hon
.
Quiet
Tu68
.
Qiiiot
Wert
.
a i,n adv.
and steady
xtimly al.gdeo.
ThurB Quiet
linn
FrI...
Export.
11,087
Con-
1
PITrVRU.
Spec- TranTotal.] Salee.
ntmp-'ul't'n tit.
6,683
452
948
1,383
370
1,148
1
^,
17* We hare Inclnded In the above table, and sliall oontloae
reek to give, the average price of fntnrea eaoh day for each montk. II
fflU be foQnd under eaoh day following the abbreviation " Aver."
Tk*
tverage for eaoh month for the week la also given at bottom of tabla.
Traagferable Orders— Saturday, 9'70o.; Monday, 9'7Sc.i Tneaday,
9'65o.; Wednesday, 9 UDc; Thursday, OOS*.; Friday, 9'70o.
18,620, 51,000
452 78,200
948 67,300
The following exchangee hare been mmde during the week:
52,700
370 4S,700
1,148^ 88,900
1,383
Kven 300 Nov.
for Deo.
to czch. 100 Sept for Sept.
n. 27th.
'08 pd. to ozch. 1,000 Apr. for May.
pd. to exoh. 400 Nov. tor Oct.
-02
pd
».
Total.!
The
11,93710,984
22,921 381.800
dally deliveries given above are aotnally deUvered the
previous to that on which they are reportrd.
03
day
£ven 100
Oot. for Dec.
"01 pd. to ezoh. 1 ,800 Nov. tot Sept.
Even 600 Oct
for Sept.
'09 pd. to exch. 100 Oet. for
Jab
-08 pd. to exch. 100 Deo. for Jaa.
-02 pd. to exch. 100 Nov. for
17 pd. to exeli. 100 Jan. for
01 pd. to ezoli. 300 BepL forKoT.
Dml
Han
THE CHRONICLE.
386
XLVn.
[Vol.
I'he abo'ie totals show that the old interior stocks havA
The Visiblk Supply of Cotton to-night, as made up by cabJe
21,999 bales and are to-night 51,778
and telegraph, is an foUows. The Continental stocks, as well fs iw:reo*ed during the week
same period last year. The receipts at
those for Oreat Britain and the afloat are this week's returns bales less than at the
and consequently all the European fi^ires are brought down the same towns have been 53,031 bales less than the same
complete week last year, and since September 1 the receipts at aU the
to Thursday evening. But to make the totals the
towns arc 201,455 bales less than for the same time in 1887.
figures for to-night (Sept. 28), we add the item of exports from
Qootations for Middling Cotton at Other Markets. —
'the United States, including in it the exports of Friday only,
in the table below we give the closing quotations of middling
1885.
1886.
1887.
1888.
219,000
14.000
503,000
40,000
377,000
HWook at London
ii3,000
430,000
22,000
cotton at Southern and other principal cotton markets for each
Jay of the past week:
Total Qreat Britain stock.
'Stock at Hamburg
Btock at Bremen
^Btockat Amsterdam
333,000
4,400
16,800
4,000
548,000
4,800
45,900
22,000
400,000
1,300
452,000
3,100
Week ending
26,'700
31,fi00
16,000
31,000
300
800
200
900
300
400
73,000
2.000
152,000
2,000
13,000
5,000
14,000
1,200
104,000
6,000
40,000
14,000
15,000
1.600
120.000
4.000
41,000
9,000
9,000
bales
<Btt)0k »t Liverpool
Stock at Kotterdam
Stock at A-n twerp
etook at Havre
Btook at MarBeilles
Stock at Barcelona
Stock at Genoa
2f-,000
6,000
7,000
tiStook at Trieste
139.300
259,600
224,500
2.')0,700
372,300
45,000
89,000
10,000
KCT'pt,Brazll,&c.,afltforE'r'pe
fitook In United titates ports.. 253.782
46,213
Btock in U. S. interior towns..
15,572
Onlted States exports to-day.
807,800
114.000
160,000
24,000
377,689
97,996
24,457
624,500
67,000
100,000
15,000
330,033
58,574
8,250
702,700
37.000
83,000
2,000
323,671
66,114
2,400
Total Ck>ntinental Stocks
Total European stocks
India CGI ton afloat for Europe.
Amer, oott'n afloat for Ear'pe.
831,872 1.605,942 1,203,357 1,206,885
Total visible supply
Of tke above, the totals of American and utber descriptions are as tollow e:
American
bales
Liverpool stock
Continental stocks
American
afloat for Europe...
89,0
253,782
Onlted States stock
tJniteil States interlorstooks..
46,'-'18
tJnltedStatosexportsto-day-
15,572
205,000
121,000
100,000
330,033
58,574
243,000
115,000
160,000
377.6S9
97,990
24,457
lOS.oro
61.000
8,250
279,000
144,000
83.000
323,671
5h,114
2,400
Sept. 28.
Galveston
...
New Orleans.
MobUe
Savannab
Charleston
...
.
9H
9%
913,3
91I18
913,6
911,5
9%
...
1058
9=8
PUiladelpbia
AUKUSta
Memphis
Total American
Indian^ Brazil^ de.
»Ltverpool stock
London stock
C5titii<^ntal stocks
;
—
116,000
14,000
78,300
45,000
10,000
-u afloat for Europe
.*Igypt, Brazil,
Ac, afloat
XotalEast India, &0
Total American
822,857
568,572 1,018,142
265,000 172,000
23,000
40,000
144,800 103,500
114,000
67,000
24,000
15,000
263,300 587,800
568,572 1,018,142
380,500
822,^57
888,185
151,000
22,000
106,700
37,000
2,000
318,700
888,185
Total visible supply
831,872 1,605,942 1,203.357 1,206,885
TrloeMld.Upl., Liverpool
STigd.
6d.
513d.
5»i6d.
PrtceMld.Upl.. New York....
9^c.
10iu,o.
lO'ieC.
912C.
f^" The imports into Continental ports this week have been
10,000 bales.
The above figures indicate a decrease in the cotton in sight
ito-night of 674,070 bales as compared with the same date of
1887, a deoreane of 371,485 bales as compared with the corres.ponding date of 18S6 ard a decrease of 375,013 bales as
compared with 1665.
At the Intekior Towns the movement—that
is the receipts
the week, and since Sept. 1, the shipments for the week,
«nd the stocks to-night, and the same items for the corresponding period of 1887—is set out in detail in the following
'for
«tatem
nt.
9H
9H
9^
9i3ie
911,8
91a
913ig
9'8
9'8
2Vl8
91 'is
9%
ni3,B
9%
9%
10
10
ON—
Fri.
91I16I
Vi
9%
933
913i8
9%
934
10
10
10=8®% 106«®34 1014^58 10ls»58
10%
10 sa
1058
9»4
1038
lOSg
958
9»8
9%
9%
9!!l
9«1
934
lOie
1016
10 Is
10
10%
lOis
1018
Thurs.
10=8
958
9^
Louis
Cincinnati...
Louisville ...
lOie
1038
1058
1038
lOSg
96g
9»8
i)\
9%
9%
9!^
lOifl
10i«
10
10
—
Receipts from the Plantations.
The following table
Indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor
Southern consumption they are simply a statement of the
weekly movement from the plantations of that part of the crop
yhich finally reaches the market through the outports
;
Week
Receipts, at the Porti.
1886.
Ectst
9%
10
lOis^Ss
10>2(»68
1138
Wednet.
Fueg.
g-fl
10
Vorfolk
St.
ifon.
..
Wilmington
Boston
Baltimore
CLOSING QUOTATIONS FOR MIUDLIJiO COTTON
Satur.
Aug. 24
•'
31
Sept. 7
•'
14
" 21
" 28
1887.
13,153 18,270
24,234 39,30»
42,581 85,437
71,915 186,041
106.801 187,740
15I5.+P5 238.715
SVkat Interior Tmims. Rec^pts from Plant'lM.
1888.
1886.
18.517
47,596
45.2(9
49,757
60,862
23,639
39.104
45,691
89,677
12.=,3(i9
1
1887.
1888.
1S.091
2»,256J
2J,7H3 15,155
34,754
1886.
1
1887.
1888L
12,207| 19,840 18,26*
81,937! 89.846, 22.803
17,828, 47.019| 96,8«8| 41.617
62,312 21.291, 73.020 148,799; 49,15*
58,73l| 82,654| 38,508 114.478 217,782 104.894
72.654'llS,981
The above statement shows
—
61.474 170,St5 275,152 153,385
That the total receipts from
the plantations since September 1, 1888, are 349,030 bales;
in 1886 were 413,919 bales.
in 1887 were 749,907 bales
2.
That, although the receipts at the outports the past week
were 128,399 bales, the actual movement from plantations was
1.
;
—
153,363 bales, the balance going to incresse the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 375,153 bales aud for 1886 they were
170,385 bales.
Weather Reports by Telegraph.—Telegraphic advices to
us from the South to-night indicate that the weather has in
general been quite favorable, and that picking is making good
progrts?. The movement of the crop, however, U retarded
through the refusal of many planters to use jute bagging at
present prices, and is further hindered by quarantines against
yellow fever at many points.
Oalveston, Texas. It has rained hard on three days of the
week, the rainfall reaching two inches and eighty-four hundredths. The thermometer has averaged 75, ranging from 61
—
to 83,
talestine, Texas,
—There
have been showers on two days
of the week, the rainfall reaching twenly-two hundredths of
an inch. Picking is active. The thermometer has ranged
53 to 85, averaging 69.
have had showers on two days of
Eunts-cille, Texas.
the week, the rainfall reaching forty-nine hundredths of aa
inch.
Picking makes good progress. Average thermometer
—We
OT
^1
*
o
<tr
:
I
>-•
I
X
~*
M to
C " W cc o
a to
=*
'c
£
*- o o to
?? S r! 1* H" "* ®
ts £
tscuwoiw
» *. *. ^ w i; » a X
»- o to
highest 87, lowest 57.
Dallas, 7'ea;a*.— Excellent progress has been made with
p'cking, PS no rain has fallen during the week. The thermomiter has averaged 71, the highest being 85 and the
to*.
M c; M Qc to to
OO^Cl^CS
t- o Ci
t;
ui'-Dcc,^ oic C'f.-'*-V] Mit. CD iC*.loV ^fm
lowest 56,
#- O — v- C OT *»
?J-,!fr!ft=;=:tttoc;HCJi55*;o-iiM®
San Antonio, Texati.—\\, has been showery on three days
c-jg.ccato<iMMc.mto;e^MxwnS
of the week, the rainfall reaching seventy-one hundredth s of
an inch. Picking is active and the crop g lod. Tae thermomlo
."
WWlMOtOtO
o C'X
«.
eter has averaged 73, ranging from 58 to 85.
CC4;'CC.:cto
C C to ^ ^ ^t yi
tou.-j.ou,,-totoo-)x££otj;i-^^
Luling, Teraas. Under the influenceof dry weather picking
is aciiv .
will make as much cotton ac we are able to
^M
JIOM ^w M
pick. The thermometer baa ranged from 56 to 87, averMO
xueiMioto
aging 72.
tt i; M « ?: " XMi - *" "^ >-^iaii:StoSw
WlOC^MWWOXtO <i*-^oxS^c.o
Columbia, TVaJCS.— Picking makes fine progress and the
crop is good. There have been showers on t» o days of the
to
week, th» rainfall reaching thirty hundredths of an inch.
.- !C 1^ M to o *0
Average thermometer 72, highest 85, lowest 59.
tO^it--- liOM
<\\ o;to r.o;*. ccMff.^o*ioiioxo^^Ci-nS
JrSUuero, Texas,
have had hard showers on two days of
til the week, imerfeting very little, howevrr, with jjicking. The
rain'cll reached one inch and twelve hundredths. I( the present
O'tO.^^-^ltOC'frCiOS
R
fjromise holds gotd the crop in all this section will be the
cx,-«x*.—
to'*,.
i'^ICitC C 'C o
argt st ever grown.
c ». *- C ii 1. Oi - X ^ o S S P CO V. X
The thermometer has averaged 81, the
l**-CtC".-IlcCCOS
K
hijjhe^t being 91 and the lowest 70.
Brenhatn, Texas. It has been showery on three days of
-t^OJi^tOMtO
the wtek, the rainfall reaching one inch and fifteen hundredths.
Good lieadway is being made with picking. The
thermometer has averaged 77, ranging from 58 to 95.
Belton, Texas. There have been light showers on two days
of Ihe week, the rainfall reaching twenty-four hundredths of
IC CO » mI-' M OJ® © TO"
an inch. Picking is active, and the crop promiijesto be large.
M X C « C; ^J J. y,; a *— )- y en o ec X
The thermometer has ranged from 53 to 87, aver4iging 70.
^'"•»»"eTn~>«>li roars are "net
Weatherford, Texas.—-It has rained hard on one day of the
fTlUs year's
e'aEteT
week, pattially interrupting picking. The rainfall reached
it-
cc
1-
M Qc y
'-'
'-^
'^' t"^
72,
i;-
c-i
.:*
We
a>
—
I
'J
="- ii^
00
X CO
M
I
I
to
M
g
tf»
to
QD
*^
(-•
w
H
M
i-»
-J
ca
H
CO
*F^
c*
CO
c;«
M M
O
CO
CO
Ci
a
1^
Ot
—We
-.^
—
—
I
rfk
:;i
Sbptfmber W,
THE CHRONICLK.
1H«».]|
887
one inch and ninety-six hundredtbtj. Av.rage thermometer
oifAr «»oMw AUD •niPMBim roa »ooa tbam.
04, hiKlu'ft 80 and low<'^t 47,
aMpmtnU
Uiis wtek. Jhipmet^ aitua Jan,
ffnfo Orleans, Lcuixi ayia
We have had rain on two days
I.
***¥<*'
of llie week, th«* rainfall reachinK one inch and twelve huii- r«ar Ortat OOHliffreai
OanHThis
TiHal. BHtaht
HrifH.
Henl.
ftNoi.
Htnt.
dn (llhg. The thfrmometer has avera^td 77.
W»tk.
/•«•, u
Shreveport, Louisiana.— R^MhW for the week ten hun- 1888 2,000 8,000 «,000-21.')000'(lti<,(KM)
*';ii,ooo II.OOO 1.301,000
dredlhs of an inch. The thermometer has averaged 7:.', 1887
1,< 00
I ,fK)(l :iii:i,ooo!iii).-,,i)(io l.OVH.OIHl
7,000
IHSe
2,000 2,000 3l7,ooo:<;in,o(H) !• - ,(M«) r>,o<M) 1.46«,00a
ranging from fi7 to 91.
t.i<.2,aoo
1BR^
1,000 I 000 21ll,000li>ll,OIM)
(l.tHMI
Columbus, Mixsissip^i.—H has rainfd on one day of the
week, the rainfull r« aclung ninety one hundredths of an inch.
According to the foregoing, Boriilmy appears t<> show
The thermonietor haa ranged from 50 to 82, averagin);; CI.
a crease compared with last year in the week's receipt* of
Clarksdale, Missinsippi. It has rained on one day of the 4,000 bales, and an increasi in shipm< nts «t 4,00.) biil.-s, and
week, the rainfall rrat-hing forty seven hundredths of an the shipments since Jan. 1 show a Uenr ease of I&7,000 balea.
The movement at Calcutta, Madras and other India port* for
inch. Wf nther favorable for cotton.
the last reported week and since the 1st of Jumiary, for two
Vicksburg, JUisaiaxippi.— Telegram not received.
years, haa been as follows.
Leland; AUstiastppi. Telegram not received.
"Other ports" cover Ceylon,
Sreenvilld. Uissis,sippt. Telegram not recoived. Last Tuticorin, Kurrachee and Coconada.
week the rainfall reached twelve hundredths of an inch, aid
BMpmenIt for the teeek.
MipmttUr tine* January 1.
the thermomet(r averaged 78, the highest being 85 and the
—
^
1
-
-
—
—
lowest
—
57.
Oreat
Little Sock. Arkansas,— The past week has been cool, with
light rains on three days.
The rainfall reached one inch and
twenty-seven hundredths.
Picking
is
progressing well and
receipts are increasing daily but not so rapidly as last season.
Average thermometer 68, highest 81, lowest 57,
Heltna, Arkainas. It has he«n showery during the week,
the rainfall reachmg one inch and fifty-eight hundrtdhs.
Cotton is connng in slowly. The thermometer hus averaged
67, the highest being Sr> and the lowest 50 (Thursday night).
Memphis, 'I'ennexsee. Wc have had rain on two days of
the week, the rainfall reaching ninety-six hundredths of an
inch. The weather is now cool and dry, with indications of
—
—
light frost in lowlands tomorrow morning.
Picking has
rapid progrtsp, but marketing is delayed by quarantines
in the inttrior. The thermometer has averaged 60, ranging
made
from 50
to 83.
—
Hashville, Tennessee. It has rained on three days of the
week, the rainfall reaching one inch and thirty-three hundredths, The thermometer has ranged from 62 to 80, averaging 68,
Mobile, Alabama. It has been showery on two days of the
week, the rainfall reaching fifteen hundredths of an inch.
Picking is active and the weather splendid, but quarantines
Average thermomettr 70,
retard the movement of the crop.
highest 89 and lowest 57.
bad rain on three days
Montgomery, Alabama,
in the early part of the wttk, but the latter portion has been
cool and dry. The rainfall reached one inch and thirty-seven
hundredths. Picking is now making better progress, Tne thermometer has averaged,69, the highest being 90 and the low-
—
—
Selma, Alabama, Rain hasfal'en on two days of the week,
to the extent of eighty-six hundredtlis of an inch. The thermometer has averaged 68, ranging from 51 to 84.
Auburn, Alabama.— Raitdail for the week four hundredths
of an inch. Cotton picking is progressing rapidly, the conditions being favorable for the gathering of the crop. Average thermometer 65'2 highest 77, lowest 53,
Madison, Jtlorida. The weather has been fair during the
week. Average thermomster 73, highest 91, lowest 54.
have had rain on one day of t^ e
CoiumbUi:, tieorgia,
week, the rainfall reaching one inch and twenty five hundredihs. The thermometer nas averaged 67, the highebt being
85 and the lowest 55.
Sucaimuh, Georgia.— Uiia has fallen on two days of the
week to the extent of twenty-five hundredths of an inch.
The thermometer has averaged 68, ranging from 50 to 85.
Augusta, Oeorgia. The weather has been clear all the
week. No chauRe in crop, no special feature of improvement
has presented itself. The thermometer has ranged from 53 to
1888
1887
2.'>,000
U9,000
1888
1887
1,000
3,000
1888
1887
2,000
2,000
AU others—
Total
—
6,0(J0
thermometer
highest 78, lowest 62.
Wilson, J^orth Carolina.
have had rain on one day of
the week, the rainfall reaching one inch and sixty-four hundredths. The thermometer hjs averted 68, the highest being
81 and the lowest 53.
The following statement we have also received by telegraph,
ahowiug the height of the rivers at the points named at 3
—We
o'clock Sept. 27, 1888,
and Sept.
Feet.
Inch.
Above low-water mark.
6
5
11
6
Naabville
BlireTepurt
Aliuve low-water umrk.
Alrove low-wator marlt.
AI)o re low- water uiark
4
3
Vlokaburg
Atwve low-water murk.
15
8
a
—
Feel.
3
5
3
3
30,000
47,000
84,00O
102,000
2,000
4,000
S.'i.OOO
2,000
70,000
29,000
3i,0OJ
2,000
8,000
7,000
103,000
212,000
lO-.'.OOO
'
96,000
199,000
374,000
I
EXPORTS TO EUBOPa FROM ALL INOIA.
1888.
1887.
1886,
Bhipmentt
to all
Europe
Thie
week.
from—
Sinee
Jan. 1,
Thit
week.
ThU
Sinee
Jan. 1.
Sinee
Jan. 1.
week.
Bombay
!S,000
831,000
All other ports.
3,000
19S»,000
l,OOo!l,02S.OOO
7,000 371,000
2,000|
6,000,
8,000 1,030,000
8,000; 1,402,000
8.000:1.204,000
Total
I
981,000
223,000
Alexandria Receipts and Shipments. —Through arrange-
ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following are the receipts and shipments for the past week and for
the corresponding veeek of the previous
Alexaiiilria, Egypt,
Sep:
1887-38.
2'j
two
years.
1880-87,
1885-86.
Receipts (cautarg*)—
Tills
week
Smce
30,000
e3,ouo
Sept. 1
This
iSinee
week. Sept. 1.
30,000
20,000
32,000
50,i)OO
I'll
it
week.
Shice
;
I'Sep*.
;
l.|
Xhit
week.
MffMS
SepUl.
Exports (bales)—
2,000
1,000
7,000)
3,000|
3,000
10,0001
To tX>ntment
Total Europs
*
6.000
4,000
4,000
1,000
i,ooo|
4.000
2,000
8,000
10,000
.^,OO0
6,000
2,000,
a oantar U 98 pounds.
This statement shows that the receipts for the week ending
cantarsand the shipments to all Europe-
Sept. 20 were 30,000
3.000 bales.
—
Manchester Market. Our report received by cable to-nigh
from Manchester states that the market is Him for both
yarns and sheetings. We give the prices for to-day below,
and leave those for previous weeks of this and last year
for comparison
8M
32* Oop.
TwHt.
d.
Aug,247»8
•°31
Sept.
^'
7!li
7,7%
14
7''8
" 21 7'8
" 28 -Ts
d.
®8H
®838
©839
»81b
«8>«
It 87,
Cotfn
Ibt.
Shirlingt.
8.
d.
5
G>3®ft 11
8 ®7 Ok
8 -97 0^
5
8.
5
5 10^7
6 10 ®7
•8% 16
®7
d.
2
2
1
Mid.
Vpldi
d.
3'2»
8k
Oop.
Iwisl.
d.
d.
Ibt.
Shirtingt.
8.
3»i« 7>4 371!-, e'5
511,8 7M •iS7iii,„;5
5ia,8;7>4 »7i5,a6
6
7»4 *715,a6
51B„l7>4 ®715,, 5
I7»,,a8
«
6
d.
d.
B.
7>a36 9
7V'»6 9
JfW.
Upida
d.
SI9
5>s
Siia
7Jii<»6
9
7»s<*6
7»«i#6
9
b4
9
5'l».
7»a»6 9
5»i
Short Time in Great Britain.— The high prices ruling
for American cotton in Liver, ool has led to action 01 the part
8
9
and the
Sept. 27, '88. Sept. 29, '87.
Mempuia
4, too
1
of Enlish spinners with the vi,w of resoi ting to shoit time.
The cable this week brinKS the news that one million spindles
in Lancashire have commenced running o'l short tim>-.
The
United Cotton Spinners' Associ-.tion held a meeting at Manchester on September 10, at which 'he subject was didcusstd,
and the conclusion reached is comiuunicattMl bj- the Liverpool Post's correspondent at Manchester in the following:
20, 1837,
Rew Orleans
7,0O0
23.000
43,000
1888.
69,
85,000
223,000
The above totals for the week show that the movement from
the ports otherthan Bombay is 4,000 bales le.ss than the same
week hrst year. For the whole of India, therefore, the total
shipments since January 1, 1888, and for the corresponding
periods of the two previous years, are as follows :
to 84.
8lateburg,South Carolina.— ll-MnhsLS fallen on three days of
the wi ek to the extent of seventeen hundredths of an iuch.
Picking is brisk, but bands are scarce. The thermometer has
ranged from 57 to 83, averaging 68.
Columbia, South Carolina.— It has rained on one day of
the week, tlie rainfall reaching twenty-tix hundredths of an
Inch.
Crop eonduion and outlook more favorable. Average
60,000
120.000
1,000
3,000
3,000
— We
averaging 6S.
Atlanta, Georgia. Tt-legram not received.
Charleston, Huuth Carolina.— It has rained on two days of
the week, the rainfall reaching thirty-five hundredths of an
inch. The thermometer has averaged 70, ranging from 58
ToM.
aU-
1888
1887
;
90,
OonHnenl
BHMn.
Madras—
—
—
Total.
Cttlontta—
—We
est 54.
Oontinent.
Britaiti.
Inch.
1
1
IKDIA Cotton Movbmbnt from all Pokts. The receipts
and shipments of cotton at Bomlmy have been as follows for
the week and year, bringing the figures down to Sept. 27,
"A ooinltined effort is t>cing umdo b.v the eoltoii .-tpiuiiei-s of
a<\)i lining,' emiiities to lU-feat the i^iNTiiIiitni-.- wljo iir-umi-I\et for the raw niatcriiil, to tiie irrear ilaiii iL:e iil i'
niaunfaetiiriii); trade. Tli- 8^loclllatllra h ve lieen la
cireuni.^tance.-^, siicli as tUe (llllu-ult.v of ct la,- fii _Ui^
Aiiiei- ea, llic eoriier in eiitti>ii-l>»Ki;tii'-'
available, and the fliHjeuljitorri uow
«ptiiiiei-ii also have helped thB situation
j
LiinoaUiiro
uuini: ll.t*
1
THE CHRONKJLE.
388
per pound liigher
iDK.nndtlieT now find the price about a halfpenny margin of proht on
Sail It was about a month a(?o. This mean»that t c for spmners and
disappeared,
has
prices
and cloth at to day's
advance for their
^ufactureTarc unable to obtaiu a compensating
and cou»umpiion are con^d«.e. although the trade, so far as demand
circumstances pre.SSned is iu a healthy condition, if only normal
that a great nidus ry
.^™d. Much indignation has been expressed
ami t Iim
Ihouldbe diMurbedlind crippled in this way ^y specuhators,
"ng
to defeat the
been etronglv urged that an effort sliould be made
of
ra"
bv forking shnri time, and thus curtailing the atconsumption
meetuig
influential
an
yest-nlay
The situation was discussed
terial
Spinner's Association,
of the Executive Committee of the United Cotton
trarte were reprerSlilfn Manchester" Some of the largest tinns in the
in the opinum of the Executive
imted and It was ref olved-' That, interests
that all spintrade
of
the
the
in
^mmittee it is most desirable
to short-time thnt sucli
ners of A tneiican cotton shall at once resort
equal to ha f
hours
working
the
of
reduction
^OTt-timeXl consist of a
be carried out
ttlnefSra period of four weeks from Monday, and may
or by conweek-,
alternate
by
week,
days
a
?iXr by closing three
operative only
tinuous stoppage.' The resolution, however, is to be
in the
thespmdlrs
two-thirds
of
representing
"n condition that spinners
Special meetings of
toade give an nnrtertak ng to join the movement.
once
sumat
are
to
be
companies
liability
limited
of the
IS
m^
•
•
;
thcfdlrectors
to consider the resolution."
moned
Exports of Cotton Goods from Ueeat Britain.— Below
from Great
•we give the exports of cotton yarn, goods, &c.,
Britain for the month of August and since October 1 in
1887-88 and 1886-87, as compiled by us from the British Board
of Trade returns. It will be noticed that we have reduced the
tnovement
all to
pounds.
Tbfal of AU.
Cloth.
lamSclhread.
The rainfall continued light and irregular throughout the earlier part
tlie past week, and crop prospects in the Katly war and parts of the
Gazerat districts were becoming very critical. Since tlien, however, a
steady and, from what we can learn, a general fall has set in, and the
outlook is therefore much more eDcouraging. In the Berars and Kandeish, where the crop is most advanced, the plants are two to three feet
high, and looking strong and healthy,
of
—
Shipping News. The exports of cotton from the Uniieo
States the past week, as per latest mail returns, nave reachsd
33,453 bales. So far as the Southern ports are concerned, these
are the same ernorts rennrfotl hv telegraph and published in
the Chroniclb last Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday.
Total bales.
Hew York—To
lia,
Llverponl, per steamers Arizona, 857
Aurar
England, 3,624, ...Gal-
1,1 05.... Britannic, 2.59j
nia.
10,327
2,146
To Leith, per steamer Crystal, 700
To Havre, per steamer La Bourgogne, 1,315
To Bremen, per steamers Fulda. 9ii0 .. Trave,750
To Hainbnrg. per steamers California, 140
Rhaetia,
35....\Vieland, 593
To Antwerp, i)er steamer Waesland, 2,151
To Genoa, per steamer Trlnaeria, 100
To Windsor, N. S., per schoners J. E. Pettis, 108....Phto-
1887-8.
1886-7.
1887-8. 1886-7.
1887-S.
Lbs
1887-8.
Lbs.
1886-7.
Lbs.
101,518
Lbs.
Tds.
23,612
24,478
20.48J
409.96'
428,415
25,749
24.963
425.566
422,554
378.634
76,828
68.S4a
107,838
8^,327
ITotal l8t qr.
74,948
68,575 1.291,347 1,229,603 234.790 223,564
809,736
29'!,139
jIaniuuT
...
21,706
22,111
97,433
23.544
21,731
636,880
420.452
444.783
...
417.881
76.446
80,871
76.978
119.138
98,990
Kareb
24.061
25,903
428.9ti9
432.380
77,631
78.618
101.692
102,982
87,708
104,578
Total 8d qr.
69,310
69,805 1.383,301 1.2l'5,054 251,510 236,464
^prll
23,681
20,958
880,957
May
23,639
20.07a
19,818
430,580,
853,898
19.208
876,865
349.(77
Lbs.
24,234
455.415
r<fc.
74,539
77,378
82,875
96,773
103,126
101,308
400,78f
305,26»
63,59i)
92,946
10l,»28
89,011
93.828
81.163
82.804
67,992
69,981 1.187.402 1,101,461 2i6,8ui eoa.811
283,888
260,796
July
23,141
21.217
442.063
393,852
80.375
71.609
82,826
sAnffnst
23,6S5
2] ,633
4«8,02U
415,302
77,822
75.510
103,515
101,60
Jane
Total 3d qr.,
69.265
78.287
68,339
72,870
64,345
-Stockings and socks..
2.513
Landry articles
Total exports cotton
21,493
mappfactares
.
2.286
21,854
1.113,497 1.072.892
lbs.
—
100
209
50
Orleans— 10
(fBw
10
1,950
6.0G8
2,592
4,650
Liverpool, per steamer Herschol, 1.950
To Havre, per steamer Dui.uy de Lome, 6,D6!j
To Bremen, per steamer Erl King, 2,5H2
Savannah -To Barcelona, per steamer Pouca, 4,650
Boston— To
Liverpool, per steamers Iowa, 1,393... Palestine,
.. Seythia, 794
..
To Yarmouth, per steamer Yarmouth, 6
Baltimoke— To Liverpool, ler steamer Baltimore, 1,327
nermann,
150
steamer
per
To Bremen,
Philadeli'HIA— To Liverpool, per steamer British Prince, 1,13 7
Total
3,293
G
1,327
150
1,137
38,453
particulars of these shipments, arranged in our usual
The
form, are as follows
Tar-
tona mouth.
Antand Windsw
Leith. Havre, burg. werp. Genoa.
<£c.
Total.
100
269 17,280
700 1.315 2.41,'? 2,151
10.610
6,06S 2,592
4,650
4,650
6
3,299
150
1,477
1,137
Brctnen
Liverpool.
New Yorlt..
N. Orleans.
10,327
1,950
Savannah
Boston
3,293
Baltimore.. 1,327
1,137
Phil'delph'a
<i
Ham-
273 38,453
700 7,383 5,160 2,151 4,750
Cotton freights the past week have been as follows
Total .... 18,034
97,143
The foregoing shows that there has been exp irted from the
"United Kmgdom during the elev«n months 1 ,14;:!, 497, 000 lbs. of
manufactured cotton, against 1,073,293,000 lbs. last yeir, oran
increase of 71,2u5,000
768
2,151
To Central America, per steamer Colon, 50
To Mexico, pc stemner City of Washington. 10
Sarce-
ffebmary
700
1,315
1,650
nix, 101
1,106
OOOt omitUd.
October
November...
December..
[Vol. XLVII.
Substitdtks for Jute BAoaiNO. The very decided increase in the prices for jute bagging (almost 100 per cunt)
during the past two months, demanded by the trust or com
bination controlling the market, has s imuUted efforts to find
eome substitute for jute as covering for cotton, and apparently with much success. The Lane Milts of New Orleans,
which brought out a short time since a baguing made of tot
ton cloth, bus been rushed so much with orders for the article from every State in the South that it has been found
necessary to obtain the co-operation of the Mngionis Mill, also
of New Orleans, in its manufacture. It is claimed that actual t»sts have proven the cotton bagging superior to jute in
about every particular; and this week the Liverpool Col ton
Association has agreed to accept bales covered with the coarse
cotton sheeting, having cab'ed to the New York Exchange on
Monday as fol.ows " Cotton sheeted bales are good delivery.
Resolution will be moved to make such actual tare." This
would seem to remove all impediments to the use of cotton
-eheeting instead of jute.
An important t*sc was made at Charleston, S. C, on September 20, of a bagging made of pme straw, which is manufactured near Wilmington, N. C. Two bales of cottoa wrre
coveied with it, and tlien put through the compiess, being
subjected to a pressure of l.OUO tons. The bales were then
passed about freely for about twenty minutes by longshoremen, the bagging standing well th« test. Water was next
poured over the bales, and was shed as freely at by the jute
bagging. Fire was applied to both jute and pine straw bags
and there was no difference in the results. Tests were also
made as to the s aining of cotton, with equally satisfactory
results. At the close of the experiment, which was wtnessed
by many members of the Exchange, it was the unanimous
opinion that the substitute had been found for jute. The two
bales were sent to New York the same niglit for exhibition
at the New York Cotton Exchange. The new fibre is made
from the leaves of the pine, which is the prevailing forest
wood all over the South.
Man.
Tue».
'sa
'32
Liverpool, steam ct.
Do
c.\
sail
1.
.c.j
Hamburg, steam
c.
=8
09
»8
Ob
=8
"4
38®7]g
H
^
H
\
H
^
^
I4
sail
M
U,
H
»4
"4
6i8®ll32 BjgS.lljj 6j8®ll32 6,g® U30 Bjj^Ilj,
d.
d.
Barcelona,steam d.
Genoa, steam .. .d.
Trieste, steam... d.
I
I4 3)6,8
15j4®l4
jLntwerp, steam d.
*
^
55® 60* 55®60' 55®60' 55® 60* 55®60*
50'
via Leith. (t.
Reval, steam
Do
^sSOs
sail...e.
Amst'd'm, steam. e.
Do
'\
%
via Leithd.
Do
T
%
c.
Bremen, steam
Do
732
''aa
"'\
%
H
FH.
Thurs.
'33
8all...cE.|
Havre, steam
Do
WedneM.
Per 100
I436,,
l4®6i8
15<n®>4 15^4
an
J4®5,8
t664®'4
l4®5,g
16g4®>4
lbs.
—
Liverpool. By cable from Liverpool we have the follow'
ing statement of the week's sales, stocks, &o. at that port*
add previous weeks for comparison.
We
Seiit.T.
:
Sales of the
week
bales!
Of which exporters took
Of which speculators took.
Sales American
:
.
Actual export
Forwarded
Total stock— Estimated
Of which American— Estlm'd
Total import of the week
Of which American
Amount
afloat
S
pi. li.
63,000
6,000
6,000
45,000
7,000
4,000
260,000
133,000
13,000
10.000
55,000
30,000
104,000
6.000
4,000
76,000
6,000
4,000
316.000
170,000
21,000
12,000
40,000
15.000
Sept. 21.
43,000
.^,000
2,000
30,000
7,000
4.000
232.000
116.000
20.000
17,000
69.000
42,000
Sept. 29.
42,000
5,000
3,000
2',000
6,000
3,000
219,000
103,000
30,000
16,000
77,000
56,000
Of which American
The tone of the Liverpool market for spots and futures each
day of the week ending Sept. 28 and the daily closing pric«a
of spot cotton, have been as follows
:
Saturday Monday. Tuesday.
Spot.
Market,
12:30 P.M.
)
Qalet.
J
Mld.Upl'd8.
Mid. Orl'ns.
8ale«
Bpeo. & exp.
Small
Inquiry.
Dull.
Wednes. Thursd'y.
Friday.
Moderate
Fully
maiut'ned
Harden'g. demand.
51B1B
515,6
51B,8
5iB,g
516,6
51B16
816,6
515,6
5,000
1,000
6.000
1,000
6,000
10,000
2.000
500
6
6
8.000
2.000
6
6
6,000
1,000
Jutk Bctts, Baqging, &c.—The market for bagging h s
Quiet HI
Futures. Steady
at
continued quiet, and but few important irders ar» cuming in
partially
Firm at
1-64
Steady
Stmdy.
Market,
Qnlet.
1-64 de2-84 aav.
Buyers are making their stocks no as far as poshible, and only 12:30
P.M. 5 advance.
cline.
buy as they rieid. Prices are still quoted at ll>^@14c A good
Quiet and
Market, I
inquiiy is reported for jute butts and the market is firmer
Qnlet.
Steady.
Steady.
Finn.
Quiet.
eteady.
4 p. M. S
quotm^ l-95@3c., while bagging qualities are held
"f'L*",'.^ "^H".
The opening, highest, lowest and closing prices of futures at
at 8Ji@3%c.
Liverpool for each day of the week are given below. These
East India Crop.— Messrs. Gaddum, Bythell & Co.'s cotton prices are on the basis of Uplands, Low Middling clauBe, unless
report, dated Bombay, August 31, said:
Otherwise stated.
/
Skptember
rv*
5 83 04<<.,aiu<6 01aMa>w6
Hat.. 8e»t.
Oiwn B(«k
d.
B«ptoiuber.
B«pt..Oot.
Oot.-NOT. ..
.
KOT.-DM...
DecJan.
..
Jan.-Feb...
Feb. -March
MAr.-Aprll
AprllMiy..
mnm
or* a<Mn *n
Th4 writ**
d.
and S-lMt <*«•/
Tn**^ Mepi.
Rloa., Sept. 24.
Ii»wi.
C*M.
UpM
4.
«.
<L
il
884
887
84)
830
898
8 87
8 49
8 31
8 98
Olo$.
0pm
d.
i.
H<«k Lavi.
d.
887
841
880
898
8 9J tu 899
891 8 93 89)
893 8 93 8 99
8 24 894 893
8 93 89S 698
888
888
BM
890
890
890
B81
6 93
8 87
8 41
880
898
633
899
iTZ
891
B9S
d.
September.
8 59
6 43
Bept..Oot ..
Oot.-NoT... 8 39
NOY.-DOO... 821
I>ec..Jiin. .. 6 94
Jan.-Feb. .. 8 93
Feb.- March 8 23
Mar..Apill. 894
Aprll-Maj.. 6 96
Hi«li
d.
0pm
Lav. 01m.
8 98
8 93
8 23
6 93
6 21
8 26
6 41
6»0
6 94
8 92
6 23
8 21
FrI., Sept. >2S.
d.
d.
8 44
6 48
6 43
6 00
8 44
6 31
6 25
6 23
8 99
8 99
6 28
BiQh Low. Cbu.
d.
d.
d.
«03 6 00
8 44 814
6 89 6.U
6 20
6 9d
823
593
8 26
8 23
6 92
8 9;!
693
696 693 696
8 91
600
6 41
8 32
6 2<l
6 23
6 23
621
6 94
6 25
tle. Tne excicetnentiii wheat, incidenttothe "corner" atCaicago, finds but little reflex in our flour market. Rye flour is
scarce and firm, and corn meal st-ady.
The wheat market showed much strength, in response to
stronger accouuta from abroad, but latterly all legirimate iifluences have been set at naught by a "'corner" on S^ptamb-ir
contrac's at C licagi, which carried the price there to-day to
$1 50 per bushel, Tne movement of tae crop has continued
on a fairly liberal scale, and the local demand was good, but
there was very little export demand. To-day the market
firmer but dull.
DAILT CLOSINO PRICES OF NO. 2 RED WINTER WHEAT.
Jfon,
Sat.
c.
.o 1
c. 1
99i8
00=8
1
00i«
02
1 OS'a
lOl"*
Wed.
Tues.
102M lOIia
103=8
1
03
0478
1
04>4
I
Thurs.
lOlia
1
1
own.
9,109
8,978
T.US
91.877
8.975
990 819
987,988
47.40S,
Oota.
BTin.
BiuhMUui
ai>«k.4Hi»«
Jdw,
Bu.aatt*
SAOOO
17I<M*
ijnujm
80.000
811.193
UM»
.....
80.8B9
19,494
64,844
•48S
89317
61000
879.861
18 999
298.710
8S.6<i0
130,8W
809,078
698,100
8.9I8
"ii
4,7«)
111,000
8,010
48,97»
91,400
975.075
9.974,816
9.861.191
9.746.173
776.9SI
989413
jkoiewk.'H?.
95 1.050
8,119.017
9.«-9.e07
9.0«e,30t
1,058,488
Isme
wk.'SO.
190.630
9,835,741
1.798.939
1,874.109
IMm
849.<8S
87,a;s
48,180
Aua.
1,834.900
l.897,»30
90.97S.419
16.963.468
19.911,318
19..'»2.817
17.749.100
17.000,809
9.000,701
4.103,764
1.5:10.1)15
a^,l>47.080
90.81.S,87t
17,899,415
4,416,0
'S8.
I.
1888
1887+
isset
t
Include one w«x!k
The
W
l,S09,8t3
879.777
ae2,66«
e.xtra.
supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
pwts, and in transit by water. Sept, 2i, 1888 :
visihie
Do
Com,
Wheat,
buth.
In store at—
Sew York
aUoat..
6,639.190
263,100
Albany
Bullalo
,
Oswego
St.
Louis
Do
afloat
Cincinnati
Boston
Torouto
Montreal
Philadelphia
Peoria
Indianapolis
Kansas City
Baltimore
MinneattoUs
it. Paul
On Mississippi....
On Lakes
Onoanal driver.
Rye,
Oalt,
bush.
bush.
.396.112 1,624,396
237,800
32,0
Ohioaeo
Milwaukee...
Ouluth
Toledo
10
10.900
26.300
81,835
219,489
3,425,914 l,180,50t5
13,810
4.866
4H.T17
47,150
1,310
1,943,325
61,129 160,976
861.388
26,129
77,410
12.000
2,5.000
4,181,295
439.528 1,234,627
63,0OJ
40,000
52,000
19.000
76,697
72,72il
339,781
59,303
900
42.5,334
6,126
9.215
402,820
46.^60
86.320
126.'236
60.731 432.776
367,803
9 034
55,148
201.706
19,0.i4
183,84=*
1,19.5,3'26
155,952 122,127
2,573.005
30.000
60,975
250.600 100,500
1,111, HI 2,569,507
279,563
1,59,:,000 1,444,200
162,900
4.086,':i2b
8,84.5.23
1
489.260
22,'88. S1.0'.1.175
Sept. 15, '88 31.38.221
rot. Sept.
9,960,603 5,927,979
8,602,854 5,211.491
7.25S.M03 4,8.i4,279
13.95i.791 4,869,828
rot 8«pt.26.'85t. 43.917.293 6.012.619 3,579,255
t Minneapolis and St. Paul not included.
For,.
rot. S <|.t. 2l.'87. 30,162,908
rot. Sept. 25,'86. 49. '96.131
butfi.
1,.509
5,426
3.5
13.000
73,237
27.\I75
84,591
3l"483
3,964
55;i72
19,000
21,207
51,953
48,761
13,852
8,846
41,000
7,400
1,000
615
23.038
2,349
42,553
478
2,7.33
9,579
68,700
21,000
10,000
679,974 256,452
508.398 136,696
301.277 956,536
510.636 1,378,031
477,241 272,726
Fri.
lOlSg
03%
1
04Ja
1
103
was
1
1.011,710
Detroit
Fbioat. p. M., Sept. 28, 1888.
The fl )ur market is quite uasetlled. The oSitinna are very
moderate and holders are looking for very full prices, but the
only decided advaace in prices ii for the choice patents from
spring wheat, as the quality of wheat to mike them is very
scarce and abnormilly high. The low grades improved hut lit-
Novemlieiil«!ivery
Deoeniber delivery
January delivery
May, '80 delivery
ToUwll.
Wlual.
Flour.
BI'lt.limiluButH.tOlbr BwkJMIA.
131,018
807.936
9,423.687
40.BH8
127,241,
7.3(10
9II0.8J9
67,213
VIlnnMpolls.
Toledo
Dstrolt
aerelanil. ..
6 22
8 99
BREADSTUFF S.
October delivery
MllvmakM..
Onloth
8 91
9 29
6 89
6 44
6 8A
OMOMO
6 23 893 6 92
694 8 94 6 24
Om. Open
632 9119 831 sm
690 6 211 6 25 6 26
893 6 21 62< 6 23
6 23 9 93 699 9 93
8 93 8 93 899 6 93
824 8 21 9 23 8 23
899 890 9 29 9 96
68i
d.
41. 1.oula
d.
d.
d.
OtcHvU a(-
Peorls
6 62
d.
8 80
8 44
d.
889
PMft'iTe movement for the week pndinK Sept. 88, 1866,
iiace August 1. for eaco of the last tbrae jtsmtu:
69J
803 863
d.
d.
6 60 8 69
6 44 8 43
8 32 832
6 96 620
8 94 893
8 93 8 99
893 8 92
6 24 8 93
6 98 6 28
Bigk tow.
U.1.
Htgk Low. Oat.
860 888 886
841 B41 840
830 680 BIH)
994 8 94 9 21
8 9i 9 91 »99
B>9 699 891
Wednei.,Sept.-2S. Than., Sept. 37.
Op<n
S 68 m«ant
l-Sid.
il'4.
SC4 BB4 6B4
988 BS8 888
3M BM 896
BM B«S B«»
8 to BSD 8«0
a 19 BSD 619
BM BiO 8M
B81 BSl 8 81
Btt 8M 6»i
OHRONIOLK
TMJB
30, 1888.J
THE DRY GOODS TRADE.
03H
0i»8
NEW
York, Friday
P. M., Sept. 28, 1888.
103^8 lOo's 105>«
10578
1 OU^s
107>8 IO9I4 10858 108% lOS-^^
Indian corn was pushed up sharply early in the week, but
supplies continued ht)eral, and a free helling movement set in
which caused the advance to be quickly lost. At the lower
prices eaily in the week the business for export wa^ quite
large.
To-day the market was steady and fairly active.
DAILT OLOSINa PRICES OF NO. 2 MIXED CORN.
Sat.
Hon.
Trie*.
Wed. nun.
Fri.
5019
52=8
Ootober delivery
c.
51%
51
50 >«
5058
The dry goods market his rfeveloped fow niw features of
special interest during the week under review, and the volume
of businees was only moderate.
At first hands the demand
for seasonable goods waschitfiy of a hand to-mouth character,
were
light
and transactions
in the aggregate amount, but
very fair orders for certain spring and summer fabrics were
booked (for later delivery) by agents for domestic manufactturTh« jobbing trade his sub-iided into a
ers, and by import-rs.
November
ers
delivery
Deccmlicr delivery
Jauniuy delivery
May delivery
o
o
0.
0.
51
4958
SO"*
49'3
52-<8
61>4
SlTg
fOifl
50»8
5018
47%
47%
5079
6058
4S
4878
47 >8
47%
48 >8
47 13
48
48^8
47%
18
Oats have bef n active, but price? fluctuated within the n irrowest limits, and there was no important feature. To-day the
0.
0.
market was stronger but
less active.
DAILT CIX>BINa PRICES OF NO. 2 MIXED OATS.
Sal.
iron.
Tau.
Wed.
TKur§.
October delivery
NoveiDher delivery
c.
29%
c.
Bo's
31>4
2958
SOig
Sl^s
2959
SO^a
2»is
30^8
31>4
29»b
3019
Fri.
29'8
m
comparatively quiet conliio 1, because the
jority of retailhave alrtaly suppliel their immediate wai t hit jobbers
look for a good supplemei t try demand as soon as the weather
becomes cold enoiii<h to eaabl.j their cua'.om^rji to unload their
present stocks. Vr-ry fair reorders were rec ived from Western and Southwestern markets, and there was also more inquiry for rea«sortmeats from certain po nts in tne South
which are n'^t directly aflf 'Ctei by the epidemic tt 11 prevailing
inFlnrida. Print cloths h ive suffered another fractional decline,
but in other respects, values are for the moat part unchanged,
;
and fairly sieady.
Domestic Cotton Goods.— The export* of cotton goods
from this port for the week ending Sept. 18 *ere 1,331 packages, valued at $8,5.936. The^e shipments include 369 to the West
Indies; 290 to South America; 176 to Central America; 155 to
China; 104 to British Eift Indies; 100 to H iderdah; 65 to Europe; 45 to Mexico, ard 20 to all other countries. Since the
let of January the exports oggregate 109,793 packaups, valued
at $8,626,898. Of this total China has had 39,r)91 pafkages,
valued at |1,98S,841, and 25,716 packages, valued at (11,049.497,
America. For the same period uf 1887 the
Fine
2359 250 have gone 10 Souih
exoorts to .1 portu were 146,075 packages, valued kI |8,703,Com mealWestern, Jko
3 109 3 30 098, of which 74,969 packages, valued at *3,58i,0«3, went to
Brandywlne.... ..^ 3 3u9
China, and 39.070 p.ck.ges valued at $'3,081,304 to South
America. To ihe corrpsp mling time in 1886 the total shipEve—
0.
0.
ments rrached 164,877 packages and in 1835 were 139,731
West.& qtate, V ba. 60 9 05
packages. Ah for i-ome time pist, the demand for staple cotOats-Mixed
27 9 31
White
ton gouds by the jobbing trade was compa atively light, but
30 9 4<
No. 2 mixed.
29Va9 30
the export demand wati somewhat better than of late, and
No. 2 white
33'a9 3414 some go id size 1 bLxjks of pliin ani twilled brown cottons
Barleywere taken by converters. Bleached shirtings, wide sheetings,
Canada No. 1
88 « 90
Two-rowed State
•
corset jean-", sateens, sil-'sias and fl it-fold cam irii» were sevSix-rowed State
•
erilly in steady, fiouifh moderate, demand, and there was a
iu)'^
December delivery
0.
SiM
31%
31'j
Rye remains scarce and nearly nominal. Barley has been
reported sold at 88c. for No. 1 bright Canada and 82c. for No.
2 do.
The following are the closing quotations:
PLODR
Fine
V bbl. $2 Gr)9$3 10 Sonth'n com. extras.. 93 609 4 00
2 85 9 3 40 Southern bakers' and
Baperflne
BoriuK wheat extras. 3 309 3tii
tamlly brands
4 259 5 00
Ulnn. clear and 8tni't. 4 4.5 9 5 60 Rye Hour, superfine.. 3 309 3 60
1
Winter aliiiii)' 11 extras
Winter XX and XXX.
PatenU
Boatbem supen
409 3 85
009 5 00
5 009 6 30
2 759 3 50
8
4
oa
Wneat-
0.
c.
Bprini;, per biuh...
93
91 IS
Be<l winter ........
87
95
48
51
9 1 05
9105
BpnnK No. 2....„. 101 9103
Bed winter No. 2... 10.! «103
White
Oom— West'n
mixed.
Wegt'niulxedNo.2.
Steamer yo. 2
Western yellnw ...
Boatheru white....
50
52
9
9
9
9
9
si's
6i>4
52
55
The movement
of Dreadstuffs to market is indicated in the
statement below, prepared by us from the figures of the New
York Produce Exchange.
first give the receipts at Westlake ana river porta, arranged so as to pr^ieeat the com-
em
We
well-8U8tain-d movement in cotton fl» inels. 0<)1 ired cottons
ruled quiet in flr,-t hands, but fine tickings have b'en slightly
adv/inced in som^ qianers. Print cloths were in st-ady demand, but it was a buyer's market, 64x641 hiving declined to
8 18-16C., less 1 per oent, and 56x60^ to i%(§ 3 7- 16c, towards the
THE CHRONICLE.
1390
close of the week. Stocks last Saturday
preyious years were as follows
g
g w
£ S<^
B.S CM
and for the three
:
of Print Olotht-
Sloclc
1888.
1887.
1886.
1885.
Sept. 22.
Sept. 24.
Sept. 25.
Sept. 26.
57,000
20,000
84,000
15,000
.S63,000
Held by Pro\ideuc« manufrers.
9,000
7.000
None.
None.
Fall River manufacturera..
Provtflcnce speculators
Outside speculators (est)...
16,000
Total itook (pieces)
173,0(
64,000
62,000
75,000
374,000
n
in light
176,000 1,104,000
demand
at
first
10 OT P'
tP*
<I
New
BONDS
c: -^ to
*i.
to
t-fUWOCO
o
At Auction.
ke Cnderslgnert liold REGULAR
SALES, ot all classes of
AUCTION
00
STOCKS AND BONDS
ON
WKTJNKSDAYB AND BATURDAT8.
ADRIAN
No. 1
II.
HVLLER
&.
SON,
PINE STREET. NEW YORK.
E.
S.
61*
Bailey,
DEALIseS IN
INSURANCE STOCKS
Cash paid at once for tlie above secnrltlesi ortbej
WiU be sold on commission at seller's option.
H. L. Grant,
(•. 14S BROADWAY,
~
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ffiO
'J OT CO
GDC^tOMio
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COM
CO to to
rf*.
nlto
U.
Investors'
Ifc
Agency.
SCUDDBB, JB., PBOPRIBTOB,
840 LA 8ALLK ST., CHICAOO, ILL,
Revoni Concernlns Aaalrsol CorRoratUns
CC
tvMCOCO
tf^
to to XI CO
1-1
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C OD QD :n
CJ"
10
Confldentlal Reports,
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IN
DIRECTORS:
Barker,
Charlemagne Tower, Jr.
John H. Converse,
T. Morri.s Perot,
George DeB. Keim.
George \V. Ulabon,
James Dougherty,
Philip C. Garrett,
Simou B. Fieisher,
Isaac H. Childs,
Isaac Hough.
BAUKI5U, President.
CHARLEMAGNE TOWER, JR., Vice-President,
SIMON A. STEKN. Treasurer.
RUSSELL 8TURGIS HUBBARD, Secretary.
States Life
Insurance Co.
TBE CITY OF NElir YORK.
(ORGANIZED: IN^ISSOJ
261, 262
&
263 Broadway,
New
York..
GEO. H. BUBFOBD, President.
conducted.
State, niuuicipnl and Railroad Securities
neitotlared. Interest allowed on Deposits.
Correspondence ol Inland Banks and Bankers solicited,
C. P.
Fraleigh, Sec.
Wm.
T.
A.WheelwhiCht, Asst. Sec.
Btandbn, Actuary.
Increase IN Assets OTER
INCREASE IN NEwBusiNESs, - Increase ofBusiness in Force,
•
S1G0,000
40 per cent.
-
S'.j>400,0OO'
•
POLICIES INCONTESTABLE,
CLAIMS PAID PROMPTLY.
TEN DAYS' GRACE.
WHARTON
ABSOLUTE SECURITY.
The most
liberal
and equitable contract
consistent with recognized business prin-
R. A. Lancaster
&
ciples.
Co.,
BANKEKS,
No. 10 WAI.L,
GOOD AGENTS, desiring to represent the
pany, are invited to address J. i^.
Superintendent of Agencies, at Home Office.
Com-
GAFFNEY
STREET,
NEW YORK.
Henry
DEALEKS IN
44
<&
S.
Redmond,
46 Broadway, N.T.
INVESTMENT and MISCELLANEOUS
INVESTMENT S£CVRITI£S.
SECURITIES.
Municipal, Water Worlts and Street
Railway Bonds. List of desirable investments sent
monthly upon application.
WM.
96
NOYES,
C.
BROADWAY,
dealer is ALi
New York
AND
Broolilj-n
Also, all the Stoclts Guaranteed by tbe
Competent Bxperte
**»*"»*•
O'tOlCCT'Tn
X
M
Railroad,
&
Simon Borg
No. 26
NASSAU
ST.,
DKLA. LACK.
Co.,
NEIV IfOUK,
DEAUtHS IN ALL KINDS OF
Railroad and InTestment Secnrities
SOCTHBBN
BBOtJBITIBS
A
TRUST COMPANIES' STOCKS.
BAII30AOB XSPSCIALI.T.
lMta9 LIbrarr Kallroad DocnmenU,
Bend for ol«ml„.
If"'
CJi
CI CD
BOU).
In tbli paper.
-J
cr,
rf»>
c T o
^loauio
CO CO
o o»
o» to
woo
CITY EAILROAD STOCKS & BONDS
Southern Securities a Specialty.
BODIHT AND
The
to to c; ai
c;»
Charter Perpktuai..
Authorized Capital, • - . - C3tOOO,000
131 to 141 south fourth street,
TOSK.
Bee Quotations of City BaUroadi
CO
rfi.
toe top
OF PENNSYLVANIA.
SPECIAI.Tir.
KKW
tocoaio^
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to
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PINE STREET.
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CO
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hands
Banlilne
4
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VibitOK-Vi
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General
(^
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to CO QD
moD^-jaci
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PHILADELPHIA.
and
.
•
to
M C' CO C
(Bullitt Botlding),
STOCKS
I
:
•
CTi
C-r
The United
York.
.
•
*•
Mw-Kn-itO
OJOi
BOND AND STOCK BROKER, The Finance Company
(Continental National Baulc BuildingJ
I
•
CO vl
'^iun.ucinh
Dealer in Investment Securities,
No. 7 NASSAU STREEr,
—»
"Jp-boDcoV
coco
ccto
cc j: o: !- cj
Robertson,
L.
]•
o
"
o
S
h:
COCl
ooc
Importations of Dry Goods.
The importations of dry goods at this port for the week
ending Sept. 20, 1888, and since Jan. 1, and the same facts for
l^inaticial.
r!g
•
com
88 regards seasonable fabrics, but importers continued to record very fair orders for certain specialties in spring and
eummer goods. Silks ruled quiet, but a moderately good
business in wool dress goods was done by leading jobiers.
Staple goods, as linens, white goods, hosiery and gloves, &c.,
were more or less quiet, but stocks are in pretty good shape
as a rule, and prices remain unchanged on de&irable makes.
the corresponding periods of last year are as follows
r-:=:o
fcr.
B;
—
FoBEiGN Dky Goods were
rt
p. e
311,000
280,000
150,000
Prints were quiet in first hands, as were ordinary gioghame,
but very fair orders for printed eateens, fine dress ginghamg,
seprfuckers, &c., were placed (for next season) with the commission houses, and there was a steady movement in printed
dress fabrics, as wide indigo, blue fancies, &c.
olkn Goods As a whole the market for
Domestic
men's- wear woolens was quiet, buyers having continued to
pursue the same cautious hand-to-mouth policy which has
characterized their operations for some time past. Lightweight cJothing woolecis have met with mo(?erate attention,
but transactions averaged light. Heavy euitingf, coatings,
&c., were taken in small parcels, and there was a fair movement in overcoatings, beavers and cloakings on account of
back orders. Stockinets and Jerseys were in fair request by
manufacturers, and desirable makes are steadily held. L'ghtweight fatinets were in moderate demand, and agents contioi'ed to make steady deliveries of Kentucky jeans and doeskins in execution of former orders. All-wool and worsted
dress fabrics were distributed in fair quantities by agents and
jobbers, and there was a steady call for small parcels of flannels, blankets, shawls, carpets, hosiery and heavy underwear.
W
XLVII.
[Vol.
R. T. Wilson
SPBCTAI/TT.
&
Co.,
WEST, and the
COMMISSION MERCHANTS
LiAKE SHORE & MICH. SOUTHERN BANKERS AND
RAILROAD COMJPANIES.
Court New York.i
Excbauge
3
i&
.
j
@FedFRASER