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omtntrtfa

AND

HUNT'S

MERCHANTS’

3

...

MAGAZINE,

DUwjsjrapM,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED
STATES,

VOL. 45.

SATURDAY, SEPTEMBER 3, 1887.
CONTENTS.

Week Ending Aug. 27.

THE CHRONICLE.

Clearing House Returns

2*3
281

United States

The Financial Situation.
Increase in Stock and Debt of
United States Babroads
286
Financial Review or August.. 287

Weekly Railroad Earnings

ment

Treasury State¬
289

Monetary and
English News

New York
Sales of—
(Stocks

Commercial

2S9
Commercial and Miscellaneous
News
291

259

(drain
(Petroleum
Boston
Pr vidence
Hartford
New Haven
Portland
Worcester—

Springfield

Subscription—Payable in Advance

For One Year (including
postage)
For Six Months
do.

do

do

Total New

$10 20

European Subscription (including postage)
Annual subscription in London (including
postage)
Six Mos.

Lowell

:

do

....

6 10
11 28
£2 7s.
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subscribers of the Chronicle.
A tile cover is furnished at 50 cents;
postage on the same is
cents. Vo.umes bound for subscribers at $1 00.

London

Pittsburg
Baltimore

at Is. each.

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dava

FLOVD
TLOYD.

( WILLIAtf if, DANA Sc Co., Publishers,
102 William Street, IVE%V YORK.
’

f

Chicago
Cincinnati

CLEARING

HOUSE

RETURNS.

Although the exchanges at New York for the week ended
August 27 exhibit a small gain over the preceding week, the
total for all the other
clearing houses records a decline of
nearly twenty-five millions of dollars; the net result in the
whole country is, therefore, a loss from
August 20 of $11,-

(1,499,950)
(38 7.0OO)

Cleveland
Columbus
Peoria
Omaha

Minneapolis
Denver
St. Paul
Grand Rapids

Wichita.
Duluth*....

TFerfc

P. Cent

510.513,170
(913,608)
(430,100

(30,441,020)
(47,970,000)

03,120.81*
3.774.700
1,202,003
1,105,051
855,-811
725,121
857,873
508,902

55,812,582

Total Western

(+64-2

(913,888)
(812.O00)

(-36-3)
(4-17-1)

(25,924,9**0)

(-46-3)

(—01-2)j (22,842,000)

(-39*5)

(- -11-3
(- -430

+13-1
4-81

3,407,500
1,229,5*0
1,008.711
709,1*90
7<i8,753

4-15-5 *

Total all

4-1-4

4-10-0
4-1-0
4-20-7

050.4**0
524,010

+31-9

879,752
515,705

4-7-2
4-0-1

72,217,476

64,171,515

+12-5

j

78,938,912

4-21

50,047,824

47,524,717 i

4-0-0 1
-f 20*3

53,243.636
8,737,639
11,0(0,991

4-23-d
+o-i

—2’9|

7.302,370
10,90 1,307

-14-3

1-5
-3-4
—

-26

68,899,002

05,850.454

4-4‘5

73,992,200

4-0-4

49,334,010

44.799,974
9,550,4**0

+10-I

54,488,140

-f-9‘5

-7-3

40-7
-34-8
-24-5
-IS-9
L-27-5

9.254,150
3,712,300
3,737,390
1,008 341
3,093,263

-31

3,389,955
2,758,891
1,2*41,104
2,491,075

-

-

1,571,005

-

734,447

4h50-l
-45-1

1,820,215
2,719,011

-

4.8-7

1,330,489
2,620,274
833,852
290,459

85,482,777:

75,664,411

14,748,029

15,117,274
1,077,398
3,547,800
3,819,531
4,800,077
088,870

4.000,300
b,509,746
094,015
1,152,853
413,110

San Francisco

!

—

69,003,7.87
4,359.5(0
1,290,544
1,230,852
791.072
831,040

3,919,308

Total Southern

-17-0

+ 11-1
4-2-3

1,120,799

Galveston
Norfolk

1
$
505,507,702

0-5

+40-6
4-40-2

4-31-4
4-113-8

241,100

St. Louis
St. Joseph
New Orleans
Louisville
Kansas City

jp. Cent.

1887.

j

937,180

Topeka*

End'g Aug. 20.

!

(20,755,002)
(18,000,000)

8,018,120
3,718.842
1,509,923
2,901,722
2,004,153
1,140,322
2,041,403
2,955,238
1,959,722
3,672.070
433,750
621,084

Indianapolis

POST OFFICE BOX 953.

*

8,840,200

Milwaukee
Detroit

Agents:

Smith, 1 Drapers’ Gardens, E. C., who will take
subscriptions and advertisements and supply single copies of the paper

1880.

$

8,856,920
9,394,918

Total Middle

18

Messrs Edwards &

JOHN U.
G

England...

Philadelphia

Subscriptions will be continued until definitely ordered stopped. The
publishers cannot be responsible for remittances unless made by drafts
or Poet OlHce Money Orders.
These prices include the Investors’
Supplement, of 120 pages
issued onoe in two months, and furnished without extra
charge to

1887.

519,112,811
shares.)
hales.)
bushels.)
bbls.)

(Cotton

Hkltc Chronicle.
Terms of

NO. 1,158.

4-03-4
-fSO-7
4-341
+84-8

+13-1*

92,400,5031

4-135

-2-4

4-350

16,946,302
1,600,335
4,515,128
4,849,869
o,7im,43i;

4-0-7!

805,<>68!

4-18-2;
4-18-7

4-12-7
-f-73-6
4-11-3
4-249
4-4P0
4-97

730,7261
404,230

4-4-0
4 -10-5
4 22-0

975,433
348,100

2,085,440
1,100,152
2,807,250
3,233,9371
2,282,693
3,882,'*31
498,833
010,558
1,234,102
237,005

4-8-2
4-280
-t-30-O
+27-3
4-7-8
4-53-4
-HI'S
4-4-4

-no

4-10-2

33,218.166

30,375,089

4-9-4

30,024,089

4-13'5

15,701.253

13,113,062

419-7

19,306,579

4 00-4

794,032,145

765,093.301

4-3-8

805,830,051

-9-3

203,906. There has been a little more animation in stock Outside New York
275,519.334
249,17-1,131
4-lodl 800,328.349;
-f-9‘3
speculation at New York during the week and transactions
Not Included in totals.
on the Cotton
Exchange show some increase, but on the other
As received by telegraph
to-night, the returns of exchanges
exchanges a decrease in the volume of dealings is to be noted. for the five
days
record a gain over the corresponding period
Aside from New York there are
only five cities in the present of last week of over one hundred million dollars. Contrasted
statement which exhibit any
gains over the previous week, with the five days of 1886, the
aggregate for the seven cities
and all of these are unimportant.
exhibits a gain of 17*4 per cent.
Our estimate for the full
Instituting comparison with the corresponding period of week ended
September 3 indicates an increase over a year ago
1886, we find that there is an excess in the aggregate of 3*8 of about 20-6
per cent.
Messrs. R. G. Dun & Co. report the
per cent, whereas last week the loss reached 9*3
per cent. number of failures for the week ended to-night
(September 2)
Five cities record a falling off from last
year, and they are as 199 (175 in the United States and 24 in
Canada), against 185
Baltimore, Cincinnati, Lowell, St. Louis and Hartford. The ast week and 190 for the same time
a year ago.
percentage of decline is, however, very slight, except at the
first-named city. Largo gains are
Week Ending Sept. 3.
Week End'g Aug. 27.
reported at Wichita, Peoria, Returns by Telegraph.
Denver, Omaha, St. Paul, Kansas City, Detroit,
1887,
Springfield
1880.
P. Cent
P. Cent.
1887.
and Grand Rapids, and for the first time in
many weeks Gal¬
$
*

veston

shows

an

increase

over a

year ago.
Contrasted with
the similar week of 1885 and 1884 the
present figures exhibit
an excess in each instance of
about 18*£ per cent; but com.
pared with 1883 there is a decrease of about 10 per cent.

Owing to the increase in dealings on the New York Stock
Exchange mentioned above, the market value of shares for
the week reaches $78,210,000,
against $59,656,000 a year ago.
We arrive at the clearings due to
operations other than in
stocks by deducting two-and-a-lialf times the
above values,
the result being $323,587,811 and
367,378,170 respectively in
the two years, or a
falling off of 11-9 per cent.




New York

5**4,508,500
(1,503,158)

Sales of Stock (shares)....
Boston

01,791,109
44,288,511
9,557,199
47,350,000
13,002,056
3,408,051

Philadelphia
Baltimore

Chicago
St. Louis.
New Orleans

Total, 5 days
Estimated 1 day
Total full week
Balance Country*
Total week, all
*

$
410,340,530
+22-9
(442,702) (+240-2)
51,779,869
+ 19-3
41,190,908
+7-5
9,744,897
—1-9
-7-7
51,285,000
-129
15,090,271
2,792,740
+22-0

*
418,642,021
(1,090,782)

52.359,001
42,273,351
7,808,339
42,115,705

-4-0

(+432)
+124
+0-0
-142

+11*2

12,500,379

-0-4

3,492,323

+7-2

+24-U

'

084,566,050
144,000,150

582,824,275
108,824,800

+17-4
+32-3

579.251,779
132,401,007

838,560,200
93,142.031

091,049,081
80,991,138

+212
+15-0

711,712,846

83,500,188

+2*5
+15-3

931,708.837

772,040,219

+20-0

793,273,034

+3-7

For the full week, bated on last week’s
returns.

-1-5

THE

284

CHRONICLE.

[VOL. XLV.
influenced

by the movement of
securities and the negotiations of loans than by the
Money on call as represented by bankers’ balances has exports of staples, although the latter are becoming more
remained this week practical^ unchanged.
A demand libeaal, and drafts, chiefly against cotton, are freely offered.
for accommodation on undesirable collateral forced the
The monthly Treasury figures issued this week do not
rate up to 8 per cent, and some few loins were made
in respect to currency holdings make as favorable a show¬
at that figure, but the bulk of the business was done
ing as was looked for. With the very large pension pay¬
at 6
to
4 per cent,
not averaging above 5J per ments promised, aided by the bond purchases and the
cent.
There is still an active inquiry for money on
anticipated coupons redeemed, it was hoped that the Gov¬
time, at 6 per cent ; no such loans are made however ernment would add to the available supply of funds in the
except on best collateral. In commercial paper there is money market, instead of decreasing it. The results are,
a little more business doing, but chiefly by out-of-town
therefore, from this point of view, very disappointing, but
institutions who are selecting from the best names offering we think that the reason for the disappointment
is dis¬
and in most cases they get bargains.
Short endorsed closed by the figures as published. Our usual summary
bills receivable are quoted at
per cent; really prime of the different kinds of currency held in Government
four months’ commission
names
are 7 per vaults and in
house
depositary banks September 1, is as fol¬
market

is

now

more

THE FINANCIAL SITUATION.

cent,

while ordinary are 7|@8£, and good single
having from four to six months to run
also quoted at 7£ to 8£ per cent.
Our own banks
find the demand from their mercantile customers

lows.

We add

previous dates for comparison.

names
are

•till

the best they can to satisfy the
In the interior, and especially at Chicago, there

urgent, and they are doing

inquiry.
is a good demand for funds for crop purposes, and the
flow of currency from this centre to the West has con¬
tinued.

England minimum rate of discount was
advanced on Thursday to 4 per cent, from 3 per cent, at
which it had stood since August 4th. This movement was
not urexpected, but was probably caused by the down
ward tendency of our foreign exchange market and the
renewal of the demand upon London for gold for ship¬
ment to America ; for although nothing was withdrawn
for that purpose during the week covered by ihe Bank
statement, a special cable to us states that £60,000 was
taken out for New York on Thursday;
furthermore,
it
was
reported on the same day that an addi¬
tional £100,000 was to be
taken out yesterday.
Discounts of
60-day to three months’ bank bids
in Londjn are quoted at
per cent; the open mar¬
ket rate at Paris is 2|@2£ per cent and at Berlin is 1|@
1£ per cent. The Bank of England is reported to have
gained £36,000 of bullion during the week. Tnis, as we
are advised
by special cable, resulted from an import
principally from Australia of £28,000, and from a receipt
The Bank of

from the interior of G-reat Britain of

£8,000.

The Bank

£348,000 gold during the week, which
It is reported that
reflects the movement to America.
of France lost

the
has

premium required by the Bank of France for gold
been increased, and if that be so, it may in tart

explain the renewal of the demand on London for gold
shipments to America. The immediate need probably
arises from the arrangement with the Baltimore & Ohio
road.

market was heavy at un¬
changed rates until Thursday when the advance in the
Bank of England minimum caused a reduction in the long
rate for sterling to 4.81, short remaining at 4.85, and the
tone continuing weak, irregular and downward, with
francs also weaker.
As noted above, gold is again being
Our

foreign

exchange

net holdings

June

July 1,

17. S. Treasurer's

July 1,

1,

1887.

1887.

lb86.

of

Aug. 1,

Sept. 1,

1887.

1887.

$156,793,749 $186,667,773 $186,875,669 $186,306,330 $193,274,194

Gold
Silver

96,229,539

73,157,591

73,348,425

72,455,106

70,360,483

U. S. Notes

22,868,317

21,767,376

20,013,797

19,633,740

21,157,539

Bank: Notes....

149,014'

375 176

197,046

273,802

219,313

Frac’nal Silver*

29,282,496

27,208,314

27,094.192

26,803.845

26,259,331

In

Sub-Tr’sur’s $305,323,115 $309,176,230 $307,529,129 $305,472,823 $311,270,860

In

deposl’y Bks

14,435,199

22,802,573

22,991,302

23,493,267

25,923,903

Grand total.... $319,758,314 $331,978,803 $330,520,431 $328,966.OIK) $337,194,763
*

Including minor coin.

shows the revenue has been so large that
holdings outside of commeice have increased

Tne foregoing
the currency

during the month $5,798,037, notwithstanding the Gov¬
ernment added to its balance in depositary banks nearly
million dollars, promised unusually large pension dis¬
bursements, has paid of anticipated coupons $1,075,280,
and has purchased bonds amounting to a little over 6
million dollars.

Tnis

mere

statement of

facts certainly

presents a bad outlook, but chiefly because of its bearing
the prospect for coming months.
In itself the accumu¬
lation of $5,798,037 is not of any great moment.
Ig is
the withdrawal of that amount after such promises and
on

the surplus which is the disturbing
feature, and it is this unfavorable inference and feeling
which other portions of the report seem in great measure
to relieve and explain.
First, for instance, we find that
the outstanding Government checks or drafts have increased
about 1^- millions during the month; it is not unlikely
and in fact, under the circumstances, it is a fair presump¬
tion, that if these had been presented the currency hold¬
ings would have been to that extent decreased. B, t a
more important fact
is, that disbursing officers’ balances
have, during August, increased about 11-J- million dollars,
which we take it means that the anticipated heavy pension
payments were for some reason in good part deferred,
and will come in September.
If we are right in these
inferences, the unfavorable conclusion drawn from the
month’s figures is not at all warranted, for as against
$5,798,037 accumulations, we have about 13 millions of
the month’s anticipated disbursements simply carried over

efforts to

to this

get out

month,

clearing away of a number of dis¬
drawn to America from London ; the movement from turbing forces in the financial world this
week, and
a
new
France and Germany has been stimulated by the purchase
impulse has been given to the spirit of har¬
by a German syndicate of about $6,000,000 of the mony and good feeling which was so prominent after
This operation the West Shore settlement in 1885. The sale of the
Oregon Trans-Continental securities.
& Ohio
swells the amount of gold in transit for New York from Baltimore
Express, the taking up by the
and
continent
to
London
the
several millions, but just Drexel-Morgan syndicate of the Baltimore & Ohio’s
how much we are unable to determine.
The arrivals this floating debt, and the relief afforded the Oregon Trans¬
week have been $850,000 from London and $1,374,184 continental by the purchase by Mr. Villard’s Ger¬
from the continent on the 29th, and $177,200 from France man
syndicate of some of that company’s secur¬
on the* 31st, making in all $2,401,384.
The exchange ities, are events of great importance, not alone




There has been

a

September 3,

because

of

THE

188?.]

CHRONICLE

285

what

they portend for the future, but of course a
threatening element in the situation. But,
distinctly and emphatically on their own account.
It as said, that is not by any means the feature of most
seems to be admitted
that the Oregon
& Trans-Con¬ importance. It is rather the terms and conditions
upon
tinental had some
large loans maturing in the early which the work is undertaken. These
settle, first of

future, and that it

was

desirable either

that cash should
be provided to meet
them, or that all doubt as to their
extension should at once be
removed.
Operators for a
decline knew of the
company’s position and also of the
fact that the loans were secured
by a deposit of the com
pany’s holdings of Northern Pacific and Oregon
Naviga¬
tion stock as collateral.
Here was a rich harvest in

prospect. If only these securities could be shaken out>
how prices would
tumble, and what a rich “ find” those on
the short side of the market would
have.
For days
and weeks a
large

all,
question of control, for it is provided that the man¬
agement of the company shall be placed in hands satis¬
factory to the syndicate, which means that the syndicate
will guide affairs.
In the second place, the agreement
provides for harmony with rival lines to New York, that
being one of the main provisions of the contract. Fur¬
thermore, the appearance of this syndicate in the nego¬
tiations is proof that the
plan agreed on will be carried
the

cut

that

without
the

further hitches.

Baltimore

&

Ohio

It is
now

to be

remembered

antagonizes

many

following has been banking on different interests. By means of its
telegraph line it
that idea,
hoping by depreciating the collateral hel d antagonized Mr.
Gould,
means
by
of its railroad
to prevent the
company’s getting relief. In this fortun¬ operations it antagonized the
Pennsylvania, by means
ately they were thwarted. Had they
succeeded, the ill of its sleeping-car service it antagonized the Pullman
effects, as everyone can readily imagine, would not have Palace Car
Company, and by means of its express it
been confined to
the fall in

r

price of the stocks concerned. antagonized the express companies. In the outlines of
Hence, the fact that the company has now been
put in the agreement as furnished us, nothing is said about a
ready funds to the extent of several millions, and that all settlement of
telegraph matters, but that may follow later
possibility of the calamity which the wreckers had so on. At
any rate, the parties identified with the negotideftly planted has been removed, is an event of the first ations are distinguished for
nothing so much as their
importance, and one which naturally tends to restore con¬
attempts to remove friction between opposing interests
fidence m financial circles.
It is not improbable
either, in the financial and investment world. Just at the moment,
as reported, that as a result
of Mr. Villard’s
purchase however, the main fact is, that now there is confidence
some kind of a
compromise between the opposing fac¬ where formerly there was distrust.
tions for the control
of
Northern Pacific will be
The temper of Slock
Exchange speculation has changed
effected, and harmony also be secured between the under the
developments of the last few days. From being
Union Pacific and the Northern
Pacific. It would weak and
tending downward, the tone is now strong and
certainly be in consonance with Mr. Yillard’s views to
everything tending upward. Wall street is notoriously a
pursue such a policy. It was he who projected the
Oregon place where revulsions of feeling are sudden and decided,
Trans-Continental, and it is he who now at an important but seldom has such a
complete alteration in the specula¬
juncture in its affairs comes to its rescue and relief. tive situation occurred in so brief a
time.
Tne explana¬
What more natural, then, than for him to
carry out his
tion of course is found in the taking up of the Oregon
original or-ject of wording the Navigation in
harmony Trans-Continental loans and the sale of the Baltimore
with the Northern Pacific ? Tne
Navigation is now leased & Ohio Express and the appearance of a strong syn.
to the Union
Pacific, but we are sure that Mr. Adams of dicate to take
care
of
the
Baltimore & Ohio
the latter
company will be found in entire accord with floating debt. These events removed
impending dangers,
any plan of harmonious arrangements that
may be but the main stimulus to higher prices has come from the
proposed.
plans for the harmonizing of conflicting interests of large
With reference to the Baltimore &
Ohio, while the steps magnitude which the operations involve. With the Oregon
taken are important in their immediate
bearings, they are Navigation, Union Pacific and Northern Pacific working
of vastly more
consequence as regards the future.
Like in accord, with the Pennsylvania and the Baltimore &
the Oregon
Trans-Continental, the Baltimore & Ohio was Ohio no longer in conflict, and with the prospect also that
in need of
ready money. Indeed, its floating debt is now telegraph and express matters
may be adjusted, things
stated to have been
10 million dollars.
Ordinarily, wear, it is argued, quite a different aspect from
a corporation of
its character would have no difficulty in heretofore.
Against th^se influences the failure of a
securing all the cash it might want, but unfortunately the
large coal firm in Philadelphia and the rise in the Bank of
transactions with Ives harmed the credit of
the concern England rate, could exercise but a
momentary effect. The
both here and abroad.
Moreover, attempts to negotiate reduction by the Commercial Cable
Company of rates
loans were impeded by the fact—made so
conspicuously to 12 cents a word—the same as in force on
prominent at the time of the Sully option and still the
Western
Union
for
some
time—caused
a
more so with the failure of the Ives
negotiations—that the slight temporary set back on Thursday, but this was
whole property was for
sale, and that a change of control soon recovered from, it being
argued that the reduction
seemed imminent.
So long as it remained doubtful who was
only a step preliminary to the absorption of the
the new owners were to
be, bankers and investors property by Mr. Gould.
Indeed, Western Union
would naturally be reluctant to take
has
been
any new issue of
strong the whole of the latter part of
securities.
Not only that, but the
parties who were really the week on the belief that before long Mr. Gould
able to give the necessary relief in
full, could not be ex¬ will be found in possession of both the cable com¬
pected to undertake the work except on condition that pany and the Baltimore & Ohio
Telegraph.
In
the Baltimore & Ohio abandon its
policy of aggressiveness considerable degree the strength of the market the last
for which it has been so
loDg distinguished.
few days has been due to an extensive
covering of short
It is in this latter aspect that the matter is
chiefly sig¬ contracts, though there has also been some buying for the
nificant. The agreement, as definitely announced
yester¬ long account. As we have said on previous occasions,
day afternoon, of a powerful syndicate, with Drexel, however, there can be no sustained
upward movement
Morgan & Co. at its head, to place the Baltimore & Ohio without the support of the outside
public, and the ques¬
company upon a satisfactory financial basis, removes tion of most concern therefore is whether the
develop-




CHRONICLE

THE

286
will prove a

ments this week

sufficient stimulus to bring

the

public in.
The following statement made up from returns collected
by us shows the week’s receipts and shipments of currency
and gold by the New York banks.
Received by

! Week ending September 2,1887.

11,174,000

Currency

Net Interior

Shipped by

N. Y. Banks. N.

Movement.

Y. Banks.

$2,231,000

Loss.

#1,174,000

$2,231,000

Loss.. $1,057,000

changes in the bank hold¬
and gold caused by this movement to and

currency
from the interior.

In

addition

the

that movement

to

STATES RAILROADS.
From the

introductory remarks and tables contained in
issue of “ Poor’s Railroad Manual ” some
interesting and useful information as to the size, growth,
standing and condition of the railroad system of the United
the present

States
week

Tne above shows the actual

ings of

INCREASE IN STOCK AND DEBT OF UNITED

be obtained.

can

In

our

investment column last

$1,057,000

Gold
Total gold and legal tenders.....

fVOL. XLV.

banks have lost

published a number of extracts, but as the figures
part need explanation, and the subject' has such an
intimate bearing upon our industrial progress and position
in general, further reference to the matter seems desirable.
At the outset one is struck with the magnitude of the
interest represented by the railroads.
This is particularly
true of the figures relating to stock and debt, and earnings.
In round numbers eight thousand million dollars is the
amount of stock and debt reported for 1886, the total being
nearly evenly distributed between the two forms of securi¬
ties.
Of stock the aggregate is almost precisely four
we

in

$400,000 through the operations of
Sub-Treasury, and have gained $2,100,000 by Assay
Office payments for gold imports.
Adding these items to
the above, we have the following, which should indicate
the net gain to the New York Clearing House banks
of currency aDd gold for the week covered by the bank
thousand millions ($3,999,505,508), and the total of bonds
s tatement to be issued to-day.
It is always to be remem
does not fall far behind, there being $3,882,966,330 of
bered, however, that the bank statement is a statement of
funded debt and $280,673,814 classed as “other debt.”
averages for the week, whereas the figures below should
The gross earnings of this system of roads (on the basis of
reflect the actual change in the condition of the banks as
the fiscal years of the different companies) reached about
between Friday of last week and Friday of this week.
the

830 million dollars

Week ending September 2,1887.

Into Banks.

Out of

Banks.

Net Change in
Biink Holdings.

Banks’ Interior Movement, as above

Sub-Treas. opera, and gold imports.

$1,174,000
7,30o,000

$2,231,000
5,800,000

Gain..

1,700,000

Total gold and leiial tenders

$8,474,000

$7,831,000

Gain..

$043,000

-

...

Loss.. #1,057,000

millions

connected, too, with all other interests—some of our legis¬
politicians are all the time assailing, and seeking
in every conceivable manner to cripple and injure.
lators and
But

The Bank of
week.

This

England gained £36,000 bullion during the
represents £28,000 received from abroad

and

£8,000 from the interior of Great Britain. The
lost 8,700,000 francs gold and gained
250,000 francs silver. The following shows the amount of
bullion in the principal European banks this week and at
the corresponding date last year.
Bank of France

September 1, 1887.

September 2,1886.

Banks of
Oold.

i

Silver.

Total.

Gold.

Silver.

Total.

'

£

<

£

£

England

20,089,041

20,089,041

France

47,805,014 47,791,040
21,064,810 19,212,190
0.513.000 14,398,000
4,974,000 8,191,000
2,513,000 1,250,000
0,983,000 1,118,000

95,590,060
40,877,000
20,911,000
13,105,000
3,709,000

Germany*....
Aust.-IIung’y
Netherlands..
Nat.Belgium*
National Italy

8,101,000

Tot. this week 111,141,805 91,900,230 203,108,101
Tot. prev.w’k. 111,503,097 91,900,093 203,403,790

£

£

21,497,119
54,511,998 45,309,503
20,334,400 16,145,000
0,395,000 13,059,000
0,040,000 8,102,000
2,723,000 1,302,000
7,424,000 1,310,000

£

21,497.119

99,821,561
80,480,000
20,054,000
14,742,000
4,085,000
8,740,000

119,525,517 85,894,103 205,419,680
116,700,812 86,153,088 205,919,000

*

The division (between gold and silver) given In our table of coin and
bullion in the Bank of Germany and the Bank of Belgium is made fro m

the best estimate we are able to obtain; in neither case is it claimed to be
accurate, as those banks make no distinction in their weekly report,
merely reporting th e total gold and silver; but we believe the division
we make is a close approximation.
Note.—We receive

the above results weekly by cable, and while
not all of the date given at the head of the column,
they are the
returns issued nearest to that date—that is, the latest
reported figures.

The

Assay Office paid $170,133 through the Sub’
Treasury for domestic and $2,093,053 for foreign bullion
during the week, and the Assistant Treasurer received the
following from the Custom House.

($829,940,836), and the net over 300
($300,603,564). Yet this vast interest—so closely

it

the increase

in stock and debt

during the
year to which we wanted to direct attention.
We find
that as compared with the previous year there is an addi.
was

tion in the

case

of stock of $181,810,676,

and in the

case

of bonds of

$117,239,264, or together $299,049,940—in
brief, say 300 millions. This is perhaps not as large as

expected, but the important fact with regard to it is that
it does not represent in full the additions during the twelve
months.
Mr. Poor’s figures cover not the calendar year,
but the fiscal years of the respective companies, and these
fiscal years end variously—some with Septemb r, many
with June, and a few even as early as February and March.
In the nature of things, Mr. Poor could not well pursue
any other plan, as in the main official figures are furnished
only in that way. Ordinarily, too, this method is suf¬
ficiently accurate to answer most purposes. Just now,
however, the case is different. It is a well-known fact
that in 1886 the construction of new mileage and the issue
of

new

securities

was

most active in the second half of the

year.
In fact, in a foot note to one of Mr. Poor's
it is stated that about three-fourths of the entire

tables
0,000

road constructed

during the year, was built
Hence, it is clear that if Mr.
Poor’s statements covered the calendar year, the increase
in stock and debt would be very much greater than now
miles of

in the

new

last six months.

shown.

estimating the difference caused by
gives of course the total
track laid up to the’ close of the year, and this he states
Consisting of—
for December 31, 18S6, as 137,986 miles, while the figures
Date.
Duties.
of stock and debt, made up on the basis of the fiscal years,
JJ. S.
Gold
Silver Cer¬
Gold.
Notes.
Certifies.
tificates.
are based on
133,607 miles, so that there was a total of
$2,500
$32,000
$383,000
$447,833 30
$30,000 4,379 miles not represented by stock and debt.
Aug.26.
In the
500
27.
32,000
205,000
271,058 GO
32,000
29
6,000
84,000
540,000
087,150 9*
56,000 previous year only 1,237 miles was so unrepresented,
5,500
30.
92,000
630,000
796,035 43
67,000 making a net excess of 3,142 miles.
Assuming then, this
31.
71,000
5,500
629,594 14
507,000
45,000
amount to be capitalized at $30,000 per mile—$15,000 per
5,000
426,211 31
72,000
296,000
53,000
Sept. 1.
mile of stock and debt each—this would give us a fur¬
Total. $3,257,888 77
$25,000 $383,000 $2,561,000
$283,000
ther addition of about 95 millions, or say 50 millions of
Included in the above payments were $8,000 in silver stock and 50 millions of bonds.
Instead, therefore, of an
increase of 300 millions the actual increase for the year
coin, chiefly standard dollars.
“

44

«
«




We have

that

a means

circumstance.

of

Mr. Poor

would be

THE CHRONICLE.

3, 1887.]

September

millions, and if we also take into account

400

the increase in other debt

($21,565,533), the total would

287

1884 168

millions, but these were years when trade was
depressed, and conlidence in railroad securities at a low
ebb.
With these exceptions, no recent year can show

close to 425 milliona. large, and is large. But to understand the such a small addition to the total of railroad bonds out¬
true meaning of the figures, certain important facts should standing as 1886, even after allowing for the new mileage
be recalled.
Of course not all the new capitalization re* unrepresented in Mr. Poor’s figures.
The same is true of
presents new mileage, as considerable money has been stocks. In 1885 the addition was only 55 millions, and in
spent in acquiring additional motive power and equip 18S4 but 54 millions, but in all the years preceding the
ment, providing new stations, terminals, side-tracks, &c., amount was very much greater than in 18S6. We have
and in making improvements and betterments geneially. prepared the following table to bring out that fact, using
But whatever the purpose for which the new issues were the figures just as Mr. Poor gives them.
The years 1883
and
1884 are omitted, because the width of our columns
made, the differences between the present and former eras
of the same kind are clearly marked.
As we have before does not permit us to get them in.
pointed out, the new securities are chiefly issued, and the
1882.
1881.
1880.
1885.
1886.
new mileage chiefly und^taken, by companies of large
*
$
%
$
$
means, ample resources, heavy earnings, and excellent Stock
3,099.508,503 3,817,097,832 3,511,035,824 3,177,375,179 2,708,673,375
run

up

This appears

credit.

New roads

are

built not

so

much

on

their

own

Increase

/Sz,S/0,676

Funded debt

(though of course there are prominent excep¬
tions) as to supply branches and feeders to systems already
existing. And so far as this is the case, if they fail to
fulfd expectations, the loss will not be serious, not by any
account

means

as

serious

as

if it fell

on

independent companies

having no other support or backing. The older com¬
panies will be well able to bear it, in view of the increased
traffic that the brandies

or

extensions will throw

over

the

..

117,239,26.7

Increase
Other debt

Increase
Grand total....

Increase

33,oS/,/46

333,660,643

46S30/ ,So4

3/3,026,082

8,882,900,830 3,765,727,000 3,235,543,323 2,878,423,006 2,530,874,943

9(1,6/z,294 337JI9,727

347,34S,663

2ii.3Ss,77i

280,073,814

259,108,281

270,170,962

222,700,207

162,489,939

21,363.333

/4,44i,6Sj

47,404,693

60,276132s

3,6oS,SSj

8,103,148,052 7,842,533,179 7,016,750,109 (5,278,565,052 5,402,038,257
320,6/3,,(73 / 66,/3./,/ 23 73^,1^3,037 876,326,703 330,020,7., 0

all cover “fiscal” years, not calendar years.
calendar year were taken, the Increase in stock instead
ot being 182 millions would probably be 232 millions, and in funded debt
nsteadof 117 millions, 167 millions, and the total increase in stock and
all kinds of debt would probably be 120 millions, instead of 320 mil¬
lions, as given.
Note.—The above figures

For 1S86, if the

Besides, the loss itself should be at a mini¬
Thus as against a net addition of 117 millions to the
mum, because of other points of difference in favor of
funded debt in 1886 or 167 millions as our estimate
present extensions. The rate of interest, for instance, is
would make it, the addition in 1883 was 265 millions,
lower.
Instead of 6 and 7 per cent, railroads are paying
in 1882 357 millions, in
18S1 347 millions, and in
now, on the average, only about 5 per cent, with some
In the case of stock, the difference is
18S0 211 millions.
companies borrowing at 4-4 and even at 4 per cent. Then,
just as striking; in fact even more so, when we get back
too, capitalization now is much nearer actual cost, and this
to the earlier years.
Thus, while in 1886 the increase was
cost in turn has been greatly reduced as compared with
182 millions, or, according to our figures, 232 millions, in
former active periods.
The remark applies with equal 1882
the amount was 334 millions, in 1881 no less than
force to other capital expenditures—the materials for the
468 millions, and in 1880 it was 313 millions.
Taking
same
are in
most cases cheaper, while loans for such
stock and bonds together, and also including “ other
expenditures can be effected at lower rates of interest.
It will be seen, therefore, that though a considerable “debt,” there is, against the 420 millions increase in 1886;
an increase of only 166 millions in 1885 and 198 milliona
addition was made in 1886 to the amount of stock and
in 1884, but an increase of 461 millions in 1883, of 738
bonds outstanding, and though the movement has con¬
millions in 1882, of S76 millions in 1881, and of 530 mil¬
tinued with equal if not with greater force through the
lions in 1880.
Some persons are fond of drawing an
current year up to the present time, yet for the reasons
main stem.

ground for anxiety, such as would exist
if the new mileage and securities were of the kind that
distinguished other similar periods. But there are other
considerations that also have an important bearing upon
stated there is

no

the situation in connection with these issues of securities
It will be noted that of bonds—the form of
a

return

on

the

investment

is

security where
usually compulsory—the

only 167 millions, even after allowing for an
beyond the amount shown by Mr.
Boor’s figures; if the 22 millions of increase in other debt
is added on, even then the total is only ISO millions.
Now
in this same period of twelve months the interest bearing
obligations of the United States were reduced 130 mil¬
lions, creating a void to that extent. Of course this
reduction of the national debt was in progress in other
years, too, but it is at least worthy of remark that as
nearly as can be ascertained the total of new interestbearing debt created in 1886 was only about 60 millions
greater than the amount of United States bonds canceledIt should be said, though, that the increase would doubt¬
less have been somewhat larger, except that in the case of
certain reorganized roads, bonds were replaced by stock.
There is still another way to look at these new capital
creations, and that is by contrasting them with the addi
tions in other recent years.
Pursuing that plan, the 1886
figures make a very favorable showing. In 18S5 (fiscal
years) the new bond issues were only OGjnillions, and in
increase

was

increase of 50 millions




analogy between 1880-82 and 1885-87, and of predicting
consequences in the latter period similar to those which
followed in the former period.
We have above called
attention to important points of difference, such as lower
interest rates, reduced co3t and the changed character of
the companies issuing the new securities ; but even if the
conditions were in all respects the same, it is evident that
any disaster to follow must be in proportion as much less
serious as the new capital creations now fall below those
of the other period.
In truth, however, there is very
little similarity between the two periods.
FINANCIAL

REVIEW

OF AUGUST.

August was one of much depression at
Exchanges.
break in the wheat corner at Chicago, followed by

The month of

the Stock and Produce
The

the greater collapse at San Francisco,
alized the market for that cereal,

red winter
while the

had completely demor¬

and prices of No. 2
wheat in elevator here went below 79 cents,

Chicago price for spring wheat was correspond¬

ingly depressed.
The money market was not disturbed by any actual
pressure, but the bank reserves were low, and there was
much apprehension that with the approach of fall there
might be a more active demand for money that would
send up rates.
The United States Treasury weekly pur¬
chases of bends were begun on the 10th of August, but

THE

288

CHRONICLE

[You XLV

The following table will show the lowest, highest and
owiDg to the high prices at which bonds were offered
there were only $6,300,000 bonds accepted during the closing prices of railway and miscellaneous stocks at the
N.Y. Stock Exchange during the months of July and
month.
Aug.
The stock market was dull and prices much depressed
RANGE OF STOCKS IN JULY AND AUGUST.
-July.August.
throughout the month, and only on the last day, Wednes¬
0losing Low- High- Olas’o Low- High- Closing
Railroads.
June 30. est.
est. Julu 30. C8t.
est. Aua. 31.
day, August 31, was there a positive movement towards Albany & Susq
151
151
150
150
Atchison Top.& 8. Fe 115*3 §110*3 §111*3
102
107*4
a substantial recovery.
On the 11th H. S. Ives & Co. Atlantic
& Paeiiio...
14
14
10
11%
11%
12*3
10%
Boat. JcN. Y. Air L. pf
99
98
10 j
100*3
made an assignment, and their affairs were in great con¬ Buff.
Roch. & Pittsb.
*65
59
68
60
57
60
Cedar R. Jc No.
50
50
fusion, involving the Cincinnati Hamilton & Dayton Rai1- Burl.
Canadian Pacific....
61%
54%
61*4
54%
57
53%
54*fl
Canada Southern....
49
60
59*3 §505a
50
56
52%
road, while important books of the firm could not be Central
Iowa
*8
8
4
7
6*3
6*3
/

•

mm

-

.

4

Later in the month Grovesteen & Pell failed, hav

found.

Central of N.

ing been the negotiators of the East & West Alabama and
Rome & Decatur railroad bonds. There was little improve¬
ment in tone, and the bears had but little opposition
until the 31st, when two important negotiations changed
the whole aspect of affairs, the sale of Oregon Trans Con.
tiuental securities, relieving that company from any pres¬
sure of floating debt, and the sale of the Baltimore & Ohio
Expiess to the United States Express Compaay. This
gave tone to the market, and the market ckised with a
decidedly better feeling.
Foreign exchange ruled low in August, and, owing to

Do
Do

abroad, there \^s

Do

Do

New York City Banks—
Loans and discounts

Spe

1, 1885. 1880 AND 1887.

Cir

•

1887.

Do

$ 320,112,500 342,333,20<* 348,4^5,000

6^,5-2,100
11.'>,055,000
08,093,300
9,084,200
7,h8 2,900
8.073, SuO
$ i 391,140,000 344,393.000 345,4 -2,700
$ 39,040,400 25,673.300 22,513,LOO
87,3*8,250
$ 97,785,1580,370,075
$ 154,605,400 94.255.400 91.230.40i)

Net

deposits
Legal tenders
Legal reserve
Reserve held

56,910,250

$

Surplus reserve
Money, Exchange, Silver—

t,907,lou

1®1*3

Call loans
Prime paper, sixty days
Silver in London, peroz
Prime sterling bills, GO days..
United States Bonds—
6s, currency, 1808
4%s, 1891, coupon
4s of 1907, coupon
Railroad Stocks—
New York Central & Hud. Riv.
Erie (N. Y. L. E. & W.)
Lake Shore & Mich. Southern.

4,805,725

4
*7
0
*7
42 %d.
4 82

3*4
48 %d.
4 84

5
0

*8
to 7

441%, d.
4 81*2

'

*

133%
112%

133%

L29 *2

110

122%

126is

1084*
1257s

100

108%
311*8

16%
7i%

78

Illinois Central

99

Chicago & Northwestern, com.
Chicago Milw. Jc St. Paul, com.
Delaware Lack. & Western ...I
Central of New Jersey

82*2
125

124
131

llti^s
1303s

Chicago Rock Island & Pacific i

107*4
29%
92%

84 7s

02

Michigan Central

iio

113%

775s

113*2
817s

91,

101*3

128%

129
73

53

48%

Merchandise—

.

.

•

931 p
10
10*4
Cotton, Middl’g Uplands.$1 ft).
32*34
34*30
33*34
Wool, American XX
$ ft).
Iron, Amer. pig, No. l..$ ton. 17 50*18 Ot 18 00*18 50 2100*2150
29 00
34 GO*35 00 38 00*38 50
Steel rails at mills
91
87 %
8; *2
Wheat, No. 2 red win.$ bush
5044
j
50*4
Corn, West. mix.No. 2.|? bush. 50%3>5L
11 2d
15 5j
Pork, mess
$ bbl. 10 00*10 50 i
102 *8
62
Petroleum pipe liue certitic’s
i
G47s
CLOSING PRICES OF GOVERNMENT SECURITIES IN AUGUST,

6s,
4s,
4*2*,
Our.,
August. 1891. 1907, 1898,
coup. COU)).

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
19

Os,

4%s,

Our.,

1899,

reg.

reg.

...

......

coup.

6s.
Our.

1898,

6s,
Cur.,
1899,

reg.

reg.

!
......

•

......

......

•

*

....

128*6
127 7s

110

•

-

......

.S.

22

23...

.

21
25
20
27
28..
29
30

......

ios

......

....8.
128

Open.
127
....

....

.

......

......

i2G%

129

12538
125%




t06%
High... 110%
.

i Low... 108
Cl os

30*3
133%

29%
04

*14
*13
-72

.

Long Island
Louisville Jc Nashv..
Louisv. N. A. Jc Chic.

Marq Hough. AOn pf

.

.

...

*94

Michigan Central...
Milw. L. Sh. Jr West.
Do
pier.
Milwaukee Jc No....
Minneapolis Jr St. L.
Do
pref.
-

Minu.S.Ste.M. Jr Atl.
Do
pref.
Mo. Kans. Jr Texas..

Missouri Pacific

45 *3
14*3
*25

123
22*3

....

'

pref.

N. Y. Jc New Engl’d.
N.Y. N.H.Jc Hartf’rd
N. Y. Ontario JcW...
N. Y. Susq.Jr West..
Do
pref..
Norfolk Jc Western..
Do
pref..
Northern Pacific....
Do
pref.
Ohio Jc Mississippi..
Ohio Southern
Omaha Jc St. L. pref.

Oregon Short Line..
Oregon Jc Trans-Con.
Peo. Decat. Jc E’ville.
Phila. Jc Reading ...

...

1 MS

127

128*6
125*8
125%

128
128
128
128

129
129
129
129

Prices oid.

*10*3

77*4

34*3
578

38%
7

10

5%

12

*10*4

*7

6%

8*3

138*3 §135

630

41

r

89

85

8930

79*8

73%

123

117

11978
148%

110*3

llo%

116*3

127*3

132

127*3
*15*«

142
123
15

1 45%
129

18
47
52*3

44*fl

113

108
135
79

44*3
103

42*3

5

7
51

730
6134

153*3
23*3

151

35
126

35
134

51

30%

50

80
4
7
55

152*3

152*3

21
25

24%

120%

26
57
16

2

12*4
U*3
58*3
20%

13%
13%
71*3
25*3

10
87

10

27
57

,)%
63%
17

108

‘&8%
4

6*4
50

23

25%
38

126*3
24*3
57*a
12*3

132%
28*8

128%
25%
60

<;2%

Ai*3

10
10 *4

11%

10

11*3
59*4

13

10%

57*3

02*4

58

21

21

25

21%

......

89*3
1 *4
40*4
14*4

3^*4
44*4

120

3*3
5*3

t

143
125
*13

10*3
43%
49%
11 L%

107
40
66

142%
81*3

43s

43

36%

41

81%
118*4
113%

12 L

117

39

7*8

83%

117
109
145
16
39

73
35

152
102
142
§
45
8 5%

143
162

161*3
145*3

80
79*8

69*s

....

83

8*7

44%
9*3

47

*44%

12*4

10
'15

*85

10

7g

10
......

.....

121*3

124*4

45
10
U3

,

94

94

18
7
25

23*3

17

18
124
95
20
7
25
34

121*3 §117*3
92
15

13

8

5

25

25
34

......

*118
15

41%
21%

35

41*3

35

3o%

*3

22*8

18

1

58
98

51
90 7a

58*3

52*3

43

37%
19*3
54*8

98%

§91%

89%

95*8

40%
92%

97*4
63 7«

91*3
59*8

96*3
04*8

04%

58
88

63

*91

*10

92*3
*88

§112*3
17
40

11
50
14
8L
80
106

13%
28*3

......

29*4
*14

13758
......

109%

1850
33*3
....

17

109*3

14

.

.

32
71

51%
17%
11*3
33*3
19%
49
33
60
28 3s
......

......

24%
'96*8
12
137

76*4
10ri *4

.1638
30

107*3
28
60%
40

221*4
16*8
9*3
29
10
41 34

32%
58

25*3
17
29 *3
o.)

......

30%
35*3
51*3
......

Pitts. MeK’sp’t Jc Y.
Rensselaer Jc Sar
3
Rieh.Jc Al. st’k.tr. ct.
RichmondJc West Pt.
32*3
Do
pref.
Rochester Jc Pittsb.
*88
Rome Water. Jr Ogd.
St. Louis Ark. Jr Tex.
19*3
St. L. Alton Jr T. II..
44*3
Do
pref.
39
8t. L. Jr S.Francisco.
Do
70*3
pref.
Do
1st pref. *115*3
St. P. Jc Duluth
79*3
Do
pref. 108*4
*

73

12
8
152

53

......

§104*3

Mobile Jc Ohio
Morris Jr Essex
NaBhv.Chatt.JcSt. L.
N. Y. Ceut.Jc Hud. R.
N.Y.Chlc.Jc St.L ,as8.
Do
pref., ass.
v.Y. Lack. Jc West..
Y. Lake Erie Jc W.

7*3
150*8
Id *fl
137*s

100*4

consol.. §120

Manhattan BeachCo.
Memphis Jr Cha’ston.
Mexicau Central

Do

26*4

......

S.

....

Kingston Jc Peiubr..

Manual tan,

.

pref.

L-ikc Erie Jc Wes1.
Do
pref.
Lake Shore
-

.

.

......

31....

.

..

.

pref.

Pitt-sb.F.W.JcC.guar.

21

......

109

iio%

1907,

coup.

1887.

19
20

....

....S.

4 8,

August 1891,

1

108%

108% 127
108% I207s

1st

Keokuk Jc Western..

'f$ Ii

m
lation

10

7*3
61*3

pref.

Do
2d pref.
Eliz. Lex. Jc Big S. .
Evansville J: T. H...
Flint Jr Pen* Mar. pf.
Ft.Worth Jr Denv. C.
Green B.Win.JrSt.P.
D.)
pref.
Illinois Central..
’f
Do L’sed fane 4p.c
fnd Bl.Jt W.,ass. pJ.
Keokuk & Des M....

1887.

1886.

38*4 -*35*4
*6
7*4

*7*2

Clev. Col. CIn. Jr Ind.
Clev.
Pittsb.,guar.
Col. Hoek.Val. &Tol.
Col. A Greenv. pref.
Del. Lack. Jz; West’rn.
Den. Jr R. G., ass pd.
Do
pref.
Denver Jr RioGr. W.
Des Moi 'cs k Ft. D.
E.Teun.Va.Jt Ga.Ry.

a movement of

change and prices of leading securities' and articles of
merchandise, about the 1st of September, 1885, 1886 and

18S5.

80*3

35*4
65s

....

following summary shows the condition of the
Clearing House banks, rates of foreign ex

|

72*3

39
*7
13

I)o
pref.
Chic. Burl. A Quincy. 146
Chic. Jc lud. Coal Ry
58
Do
pref. *92
Chic. Mil. Jc St. Paul.
88%
Do
pref. 123
Chic. Jr Northwest.. §119*8
Do
pref. *148
Chic. Jr Rock Island.
129*3
Chic. St. L. Jr Pittsb.
I8*a
Do
*47
pref.
Chic. Bt.P.Minn.&O.
Do
pref. §112%
Ciu. Ham. Jr Davt’n.
Ciu. Ind.St. L. Jr Ch.
Ciu. Wash. &JBalt...
*4*3

Mew York

STATISTICAL SUMMARY ON OR ABOUT SEPT.

pref.

79*3

....

gold to this country amounting to about $5,700,000 in
the month.
The Bank of England rate was advanced to
3 per cent on August 4 and to 4 per cent on Se ptember 1.
The

2 st

2d pref.
<Gliicairo & Alton

-

the sale of securities

Jersey.

Central Pacific
Chee. Jc Ohio

1 Prices asked

mm

w

24
28

47%
150
104
10L

2*3
25*4
58
......

88
16
39
iO

35

73*4
115*3
74

102*fl

93*3
121
14
53
17

.

.

.

.

.

60*3 ’
58
*85
111

.

92

63%

01%

40
88

50

50

OL

13*8

10*4
8->*8
*8*3

106

103
50
12

13%
4

.

101%

14**8
139*4
83*3

*13%

110

106*3
16%
30%

19%
33*4

32*4
71%
53*4

15*3
26%
107*3

*15*3
41%
33

31%
2634
31%
35%
58*4

28

48*3
....

91%

9*4
26%
15%
42%
26*4
51%

18%
45*4
33%
59%

24%

26%

12

16

30*3

31%

13
■

_

27%

22*4
47%
150*3

23%
23*8
50%

29 *3
57
151
■

......

161

3*4
33*8
70*4
......

.

16

32

20

24*4

29*8
67%
43%

17%
10*3

24%
47%
23%

58*8
25*3

-

222

40

-18

151
104
161

3L

15%
8%
20%
14*3

30

*12

137%
*76*3
106%
16%
27%

107%
31%
71%
4-5*8

40*4
222

16*8
9%

24%
92%

139
6 4%
10 >%
18%

27%

40%

17%
1158
33%
20

15
2 8*0
100

64

230

48%
3450
61*8
27%

105%

28%

13

31%

13*4

77

109

105

1 5*4
30*3
7*3

23
^0
12

136%
;

14%
82%
83%

f)5

7*4
14%

25
97

29*4

96%

110

29%

......

*85

113*3
14*3

79*4

29

40

90%

50

80

17
.

9t> *4

81

38*4
-

91

93%
1 L*4

86

113*3

34
16

59*3

ll*fl
*13%

91*3

»*4

*90

19

§ Ex-dividend.

103

3*3

30%

51
3
34

36%
73*3

3

87%

33

17
41

75%
32%

75*4
38*3

74

6S
111

72%
99

24%

04*3

15*4
39%

119*4§*112
82

.....

.

2%
22*3

......

103

.

103

26
58

43*3
75*4
39*378*4

.

76
115
80
105

Y Ex-rights

..

i

.

_

so

36
*75

34%
71
*110

73%
103%

THE CHRONICLE,

Septembeer 3, 1887.1

LoxcRailroads.
June 0.
est.
St. Paul Minn. A Man 1163i $ 112%
South Carolina RR..
Southern Pacific Co.
30

Closing
.

—July.
■August.
High- Closing Low- High Olos’g
est. July 80. est.
est. Aug. 31.
117% §112% 110% 115
112%

....

TexaeAPac.,

ass.

pd.

30!%
58is

Wells, Fargo A Co.

24%
51%

31%
29%
57%

35

41

....

19%

17%

19

17%

16%

183s

*16%

34%

29

34

29

26%

32%

30

56

40%

563s

42%

35%

4230

40

§77

70%

78%

70%

70%

75%

72%

..

145
109

52%

150

145

io9%

110%

66

70%
135

128

following statement for August, from the orifice of
Treasurer, was issued this week. It is based upon the actual
returns from Assistant Treasurers, depositaries and superin¬
tendents of mints and assay orifices, and shows the condition of
the United States Treasury August 31 ; we give the figures

26%
54%

for June 30 for comparison :

149
*107
76
*125

152
110

107%
65

76

128

131

38

42"

29%
14%

20

*15

.

*49

24%
m

‘

30%

79%

123
45

§69

Pacific Mail

92%
37%
96%

41%

Philadelphia Co

*97
153

Pullman Palace Car.
Silver Bullion Cert..

f Prices asked,

De¬
mand.

2.... 1 83

3...: 4 83
%

......

4 85-%
4 85
4 85

S.

4 82%
9.... 4 82%

•

•••

10.... 4 8.2%
11.... ** 8z %

4 85
4 85
4 85
4 85

12.... 4 82

4

m

m

13

m

11

9

11

24%

25
26 S

27
268

*6
30

5%

80

10230

73%
99%

189,187,ISO
92,852,054

192,197.040

(Asset) 282,039.534

281,296,417
113,088,647
18,098,560

123
52

45

47
100
152

*98
148

96%

76
72%
102% §100%

71%

92%
37%

99%

'26
26

34%

34
84
37
95
142

38

46

90%
38%
*95%

95%
43
100

145

148%
97%

9630

Ex-rights.

De¬
mand.

4 82

4

60

Aug.

84%

days.

25....
26....
27....
28....
29....
30....

8.
4 85
4 85
4 85
4 85
4 85
4 85

|

De¬
mand.

4 81%-2 4 85-%
4 81 %-> 4 85-%
4 81%-' 4 85-%
S.
4 81 %-2
4. 8 L %-2 4 85-%
31.... 4 81%-. 4 85-%

4*85-%

1 R’nge

1
1

High
Low

4
4

Certiflc’s, net.(Liability) 88,765,340
N et gold in treasury.
Silver—Dollars,stand’rd 213,212,448
5,024,420
Bullion

83%

1

85%

81%

4

84%

94,990,087
186.806.330

193,274,194

211,528,891
5,092,356

Total silver
(Asset) 218,230,8681
153.873,128
Certificates issued...
Certificates on hand.
5,990,743]

216,621.247
148,375, HIM)
4,209,659

Certiflc’s, net .{Liability) 147,876,385'
Net silver in treas’y
U. States notes—(Asset)
Certificates issued
Certificates on hand....

144,166,141
28,093,740
8.810,000
350,00(

7,550,000!
420,000!
7,130,tOO

8,460,000
7,153,204
219,313
25,923,903

19,633,740
7,186,318
273,802
23,493,267

318,088,636

309,348,563

Net LJ.s.notes in treas.
Trade dollars redeemed..
National Bank notes

21,157,530

Deposits in Nat. Banks..

Balances....(Asset)
Public Debt and Int.—
Interest due, unpaid
Accrued interest
Matured debt
Inter’t on matured debt
Int. prepaid not accr’d.
Debt beuring no inter’st
Int. on Pac. UR. bonds
due, unpaid
Acc’d int., Pac. KK. b’ds

1,711,033

2,376,293
4,369,923
6,161,115
195,885

7,737,688
4,397,715
1*6,932

1,075,280
552

1,821

18,480!

99,32(i

646,235!

323,1 J 8

15,774,815

Debt and int .(Liability)
Fract’l cur’cy redeemed

13,527,475

552.

1,821
335,74*

40,5891

Int.ch’cks&cnupons p’d
Reg. A coup. int. prep’d

1,723,138

Debt andinter’st.(Ass«t)

1,773,279

D’bt&int.net(LiuM(i(y)

337,569

14,001,536

ioo,600,006

Res’ve for red. U.S. notes
Fund held for redemp. of
103,951,506
notes ot Nat. Banks.
Fund held for redemp. of
Nat. gold bank notes..
Five p. c. f’nd for redemp
8,042,004
of Nat. Bank notes

13,180,906

ioo,boo,'666
105,873,096
83,099
7,077,642

Redemp.res’r.dJubn* (w) 211,993,510
Bank notes in pro¬
of redemp.. .(Asset)
Net res’rves .(Liability)
Post Office dep’t. account.

72.455,106

70,360,483

28,287.5391

Certiflc’s, net.(Liability)

Balances.

89,099,877

Certificates issued...
111,773,547
Certificates on hand.... 23,00*,20?

27

30

§98%

Total gold

i 275
*5

6%

27
25 %’

31%

10%
[50

51%

lz

21....
S.
22.... 4 82
4 85
23.... 4 82
4 8c.-%
24... 4 81%-2|4 85-%

84%

10%

50%

.....

(POSTED B4.TE8) FOP. AUGUST, 1887.

4 82
4 82
4 82
4 82
4 82
20.... 4 82

m

15

26%

days.

13....
14....
15....
16....
17....
18....
19....

4 85
4 85
4 85

4 82%
4 82%

11

9

60

Aug.

29%
14%

22%
69%

§ Ex-dividend.

EXCHANGE

36%

11

31
39

96%

STERLING

1.... 4 83-%

148

36%

15%

6%

73%
99%

43%

11%

—

35%

102

Improv. Co..
Oreg’n R’y A Nav.Co.

days.

m

6
30

Oregon

60

m

31

*6%

Tenn. Coal A Iron...
Various.
Consolidated Gas Co.
Del. <te Hud. Canal...
Equitatde Gas L Co.

m

34

26%
12%

11

*25

Pennsylvania Coal..
Quicksilver Mining.
Do
pref.

•Prices bid.

23
42

11
20

Marshall Con. Coal..
N. Y. & P^rry Coal..
New Central Coal...
Ontario Silver Min..

39
20
30

46%

Assets arul

Balances.

Liabilities.

Bullion

4714

July 31, 1887.

Liabilities.

Gold—Coin

Mining.

Maryland Coal

4 8

30 36

46%

Colorado Coal A Iron
Consolidation Coal..
Colum. A Hock. Coal
Homestaae Mining

4....
5....
6....
7....
8....

27

The

Assets and

United States

Aug.

9

38

*144
113
*67
*126

American

BANKERS’

31%

TREASURY STATEMENT.

the

S

m

UNITED STATES

August 31,1887.

Express.
Adams

and

m

3o%
58%

...

Coal

m

_

25%
52%

Union Pacific
Virginia Midland
Wat>. St. L. A Pac—
Pur. Com. recpts..
Do
pref..
Wheeling A L. Eiie.

Telegraph.
Western Union

......

289

213,933,837

Nat.

The

final statement of

August shows

earnings for the third

week

of

increase of about 9i£ per cent on the sixtyeight roads embraced in the exhibit. Fifteen of the sixtyan

eight roads report decreases, but the

total decrease is not

August.

1887.
*

PrevTyrep’tcd (27 roads)

Atlantic A Pacific

Burlington C. R. & No...
California Southern
Chicago & East. Illinois..
Cin. Ind. 8t. L. A Chic
Cincinnati Jack. A Mack.
Cin. N. O. & Texas Pac...
Alabama Great 80..
New Orleans A S. E
...

...

Vicksburg A Meridian.,

VickBburg Slirev. A Pac
CiD. Richmond & Ft. W..
Cincinnati Wash. A Halt.
Cleveiaud Akion A Col...
Cleveland A Marietta....
Col. A Cin. Midland
Den. & Rio Grande West.
East Tenn. Va. A Ga
Flint A Pere Marquette..
Florida R’wa.y A Nav. Co
Ft. Worth A Denv. City..
Grand Rapids A Ind
Grand Trunk of Canada.,
Houston A Texas Cent...
Ind. Bloom. A Western..
Keokuk A Western
Lake Erie A Western.
Louisv. Evamv. A8t. L..
Louisville N. Alb. A Chic.
Memphis A Charleston

..

Mexican Nat. (80. L>iv.)..
Norfolk A Western
Ohio A Mississippi
St. Jos. A Grand Island..
St. L. Alt. A T. H. (M. L.)
Branches
Toledo Peoria AW
Wisconsin Ceutral
Chicago Wis. A Minn...
Minn. St. Croix A Wis..
Wisconsin A Minnesota.
....

1886.

Increase.

2,338,062

$
2,126,531

46,544

36,711

52,899
31,6 u;

59,435
23,034
44,364
52,180
7,202
53.957

3,465
5,686

21,352

5,116

7,110
7,782

926

47,550
50,536

10,667
59,643
26,468
8,036
7,767
7,725
8,046
44,537
10,818
6,055
8.047

25,225
04,392
48,810

14,349
15,831
51,009
374,011
64,218

67,203
8,066
44,927
23,645

44,641
37,676
15,643
00,933
100,» 82
20,888
28,567
16,300
21,019
37,070
10,970
9,015
5,631
j

$

234,789
9,833

8,582
2,586

Disburs’g Offlcers’bai’ces.
Undistrib’d ass’ts of fail’d
National banks

1,785,426

1,475,951

48L

240

Currency and minor coin
redemption account....
Fractional silver coin
demption account

4,826

6,726
21,975
77,940

39,493
14,090
9,641
48,098
356,529
62,382
69.599
7,052

43,734
21,201
41,167
27,695
22,518
77,773
101,202
25,0 »5
24,723

16,964
19,967
24.457
5,558
4,727!
3,08

lj
,035,737| 3,686,329!

6,536

account

4,560

1,300

417,886

444,543

5,848,147

4,383,902

paying Int. on D.Col.bds

110,848

035,575

Total
(Liability)
lnt.on D.Col.bds pd (Asset)

50,506,5*0
38,466

39,519,599
125,069

(Liability)

50,468,094

39,394,530

Balances ..(Liability)

273,327,7*7

263,649,969

4 1,760,909

45,698,594

'

110,800

j

26,148,531

112,739
26,691,106

71.020,240

72.502,489

Net

Net balance—(Asset)!

1.644

i

Assets not available—

Minor coin
•
Subsidiary silver coin, .i

Aggregate

net Asset.

ptonetavi)i©omwctctal gngltsh Uexus

5,192
885

1,229
1,321
3,250
16,452
9,317

211,065,533

5,820,627
20,751.461

re

Redemption and exch’ge

*
23.257

15
233
833

7,958

8,879
39,345
11,703

Decrease.

2,868,304
208 858,097

4,195,758
88,143,455

Treasurer’s transl’rch’ks
and drafts outstanding.
Treasurer U. 8., agent for

large—only $48,035.
3d week of

3,135,418

cess

WEEKLY RAILROAD EARNINGS.

„

[From

our own

correspondent.]

London, Saturday, August 20, 1887.
The

holidays

are

still weighing

operations; but although

259

no

upon

business and restricting

fresh statistical evidence of

distinct movement in trade has been vouchsafed

6,190
2,911

any

during the

week, it is evident that confidence in the future is increasing.

17,482
l,Sc6
2,396

The Stock

1,014

Exchange which, to

larometer of the state of

1.193
2,444

a

fair extent at least, is

public feeling

on

a reliable

matters both poli¬

tical and commercial has been

3,474
9,681
6,875

and this

13,160
520

4,157
3,844
684

1,052
12,613

tor

notwithstanding

gold for New York.

It

is, however,

iron trade that

commercial

5,412
4,288
2,54

are

a

exhibiting greater steadiness,
hardening of money and a demand

on

the

optimists

expansion.

said to have orders

more

encouraging condition of the

are now

basing their expectations of

The majority of
on

our

manufacturers

hand the execution of which will

...

Total (68 roads)

Net increase (9 43 p. c.)..




397.443

349,408

48,035

carry

them well

moreover,

on

to the close of the year: and it is stated,

that fresh business cannot

now

be placed except at

THE CHRONICLE.

290

That there is more activity in the iron districts
is admitted. In the first seven months of 1887 the exports of
metals and articles
manufactured
therefrom, including
machinery, have exceeded those for the corresponding period
in 1886 by £1,276,000; but whether this rate of expansion will
be maintained during the rest of the year will depend almost
entirely on the progress of the revival of trade in America. A
rough examination of the official figures shows that of the
above-mentioned gain about £1,220,000 is.due to the heavier
shipments to the United States ports. The increase of exports
to other countries is altogether too insignificant to be taken as
an indication of an improving trade with them.
America has
all along been our chief customer in iron, and she will certainly
continue to be so until she lias so far developed her internal
resources as to be independent of external aid.
So long as
progress in the United States is unchecked, so long shall we
benefit by it; and if we are not now constructing our business
on the basis of the liberal scale of profits we formerly secured,
we have at least the satisfaction of knowing that so far as can

Aug. 19.

higher prices.

be ascertained trade is sound.
While the iron industries

just now the main centre of
attraction, there is also a fair degree of steadiness in wool; but
purchases of cotton are delayed by the apparent expectation
that values will recede.
It must, however, be borne in mind
that spinners have reduced their stocks of cotton very
low^
and when the time for replenishment arrives, it may be found
that the effects of a good crop have been in some measure
neutralized. Whatever change may have occurred in the
commercial position during the week may be said to have
increased the hope of a better trade in the future.
No further change has been made in the Bank of England
rate of discount.
Gold is still purchased for the United States,
but the orders are mainly executed in Paris. The French and
German exchanges keep high, hence the demand for gold is
diverted from us. Money is firm, although the inquiry is
rather wanting in animation.
Short loans do not as a rule
make more than 1 to
per cent, but the discount rate for three
months' bills has been tolerably firm at 2% to 2% per cent.
If
the American exchange should not speedily improve, a further
rise in the Bank rate may be looked for.
The Bank of Eng¬
land return shows an increase in the reserve of £246,981, and
the proportion of reserve to liabilities has risen nearly 1 per
cent, namely, from 40*o4 to 41*48 per cent. In the important
item of bullion an increase of £41,386 is shown, notwithstand¬
ing an export of £91,000, from which it is clear that about
£132,000 must have been returned from general circulation.
The revenue collections have increased the total of public
deposits by £952,008. Other deposits on the other hand have
been reduced by £1,006,873, so that there must be less
money
lying idle. The other changes are of no particular importance.
The reserve now amounts to £11,530,886, or about £816,000
less than last year, and the stock of bullion, which is £20,815,"
041, shows a falling off compared with last year of £961,000.
The rates for money have been as follows:
are

[Vol. XLV.
July 29.

Aug. 5.

Aug. 12.

Bates of

Interest at

Bank

Open

Batik

Open

Batik

Open

Bank

Open

Bate.

Market

Bate.

Market

Bate.

Market

Bate.

Market

Paris

3

Berlin

3

3

2)4

3

2)4

S

2)4

3

1%

3

3

in

3

154

3

3

3

1H
214

3

3

3)4

1%
154
m
2)4
3)4

m
1H
2)4
3)4

Frankfort

3

Hamburg

3

Amsterdam.....
irusselfl

2)4
3)4

2)4
154
154
1)4
2)4
3)4

Madrid

4

4

4

4

4

4

4

4

7ienna

4

354

4

3)4

4

3)4

4

3)4

4t. Petersburg..

5

5

5

454

5

5

5

5

'onenhagen..

3

3

3

3

3

3

3

3

Messrs.

-

2)4
3)4

2)4

3

2)4

3)4

Pixley & Abell write as follows on the state

of the

bullion marker.
Gold.—The inquiry for gold lias somewhat fallen off aft- r great
demand for any small parcels offering in the op<*n market durinsr the
week. Considerable shipments have been made from Paris to New York.
Further withdrawals from the Bank now seem improbable.
£41,000
has been sold for N«- w York by the Bank of England. The arrivals are:

£5,000 from India, £15,000 from China, £24.000 from River Plate,
£3,000 from Cape; total, £47,000. £20,000 has gone to Bombay per

P. & O. steamer.

Silver.—Although somewhat weaker at the close of last

week, silver

exchanges from the East, and con¬
India. ££7,000 lias arrived from
takes £110.000 to Bombay.
improved slightly to 4338d. in sympathy with

has again recovered with the higlu r
siderable business has been done for
Buenos Ayres. The P. <te O. steamer

Mexican dollars have
bars. There have been but small

dealings in the coin.
SILVER.

GOLD.

London Standard.

A ug.

18.
d.

».

gold, fine., oz.
Bar gold, contaln’g
Bar

20 4wu. silver.oz.

77

Any. 11.
e.

77

9

Aug. 18.
d.

d.

9

Bar silver

oz.

lng 5 grs. gold.oZ'
oz.
Cake silver
Mexican doln...n*.

S.Am.doubloons.oz.

Ang. 1L.
d.

44)4

Bar sllver.contaln-

77 10

77 10

Span, doubloons.oz.

The

London Standard.

44)4
•

44%

44fl

48

47)4
43 5-16

4354

capital creations for the week have been:
LOCAL.

Dewars <k Bowmas (limited) new
£10 19s. eich.
Cowood & Co. (limited) £L shares

issue of 13,500 shares, at

Messrs. C. de Murrieta & Co.

£141,75 0

5o,000
are

authorized by the Govern¬

Argentine Republic to receive applications for
outstanding nine per cent Treasury
bonds, amounting to $3,547,364, into five per cent External
debt.
The exchange will take place at the rate of £20 10s.
for every $100 in Treasury notes, the £20 10s. being the equiv¬
alent of $103 33 cents National money, gold, at the exchange
of $5 04 cents to the £ sterling.
The principal will be redeemed
within 38^ years by means of an accumulated sinking fund
of one per cent and half-yearly drawings.
The grain trade lias retained its quiet features.
Wheat has

ment of the

the conversion of the

come

to hand with

grain

can now

steadiness, and the value of the new
be more accurately estimated. The top price for
white maybe given at 34s. 6d. and red 32s. per qr. The earlier
part of the week witnessed a dull market, with prices stil
ruling in favor of buyers, but since-then the tone has some
what improved and the close was fairly steady.
There is nomore

statistica!
The

suggestion just now that prices should give way.
quantities of produce afloat to us are not excessive, and

farmers do not

than

ordinarily anxious to sell, in
spite
of
the
agricultural
depression.
If the markets in the
Interest allorotn
Open market rates.
immediate
future
be
not
flooded
with
produce
prices will prob¬
for deposits by
Trade Bills.
Bank Bills.
ably be fairly maintained. There is no reason why the level
Disc’t H's,.
London
Joint
of prices during the new season should not be quite as high as
Al
7 to 14
Stock
Six
Three
Four
Four
Six
Three
that now closing. The average of the 50 weeks for 1 lome-grOwn
Months Months Months Months Month» \ Months Banks. Call. Days
wheat has been 33s. Id., against 30s. 9d. in 1885-86, being a dif¬
54 1 -1
1
2 ®
1 k@156
July 15 2
15402 2 @2M 2H02^
l
-1
54
1
2
22 2
ference of 2s. 4d. per qr. in favor of the season now expiring.
15402
m* - 1%« @2^2^@3
54 1 -1
1
2 @2'4 ^@3
29 2
rm 1)4 154<£
2*®
15402
It may become necessary to contend with forced sales by
D4 1)4-1 >4
1)4
Aug. 5 j 8 2
2H 9 2^6254 254@H ;3 @3)4
1)4 U4-D4
needy growers, but they will have only a passing influence,,
12 3
3 @3q
D4
2«<82 H 25s @3
2Mc2U m a - 2m
1)4 1)4-1 )4
2m
19 3
U4
and will probably leave the trade all the sounder afterwards.
25403 '3)403*4
2K'«2% 2W& - 3 @
The summary of the agricultural returns for Great Britain
The following return shows the position of the Bank of
collected up to June 4 lias just been issued.
They show the
England, the bank rate of discount, the price of consols, &c.,
under
to
be
an increase
acreage
wheat
2,317,362
acres,
being
compared with the past three years:
over 1886 of 31,457 acres, or 1*4 per cent; that under barley is
1885.
1884.
1887.
1880.
2,085,204 acres, a decrease of 155,960 acres, or 7 per cent; that
£
£
£
£
Circulation, excluding 7-day and
under oats 3,087,989 acres, an increase of 6,393 acres, or 0*2
other bills
25,074.155 25.182.485! 25,132,050 26.123,755
per cent; that under potatoes 559,648 acres, an increase of
4.200.270
Public deposits
3,8*1,809
3,732,711
0.145,082
Other deposits
23,727,5(57 24.138.(115 30,585,676 23.759,794
5,687 acres, or 1 per cent, and that under hops, 63,506 acres, a
Qovernment securities
15,195,424 14.088.37u 15,503,892 13,577.703
decrease of 6,621 acres, or 9*4 per cent.
Compared with 1885
Other securities
18.990,383 19,567,5(53 21,252,510 21,350,104
wheat shows a decrease of 160,956 acres, or 6*5 per cent; bar¬
Reserve of notes and coin
11,530.880 12.346,591 16,112,273 13,150,717
Coin and bullion
20,815,041 21,779,076 25.494,323 23.524,492
ley a decrease of 172,142 acres, or 7*6 per cent; oats an increase
Reserve to liabilities
44 p. e.
48 p. c.
4148 p. c.
43)4 p. i
of
147,499 acres, or 5 per cent; potatoes an increase of 10,917
Bank rate
3 p. c.
2 p. c.
2 p. (.
2)4 P- c.
Consols
101 9-lOd.
150
acres, or 2 per cent, and hops a decrease of 7,821 acres, or 11
101)4
100^
Olenrlmr -Uotiao return
121.242 non 132,182 onu I12.950.0rvi ;22.008,000
The returns of live stock show the number of cattle
per cent.
The bank rate of discount and open market rates at the was 6.444,271, a decrease compared with 1886 of 205,412, or 3*1
chief Continental cities now and for the previous three weeks per cent; that of sheep 16,146,249, a decrease of 29,750, or 0*2
have been as follows:
per cent; that of lambs, 9,812,519, an increase of 467,800, or .5
-

“

-

“

—

-

-

-

“

-

M




—

-

.

seem

more

THE CHRONICLE.

September 3, 1887. J

291

that of pigs 2,299,343, an increase of 77,868, or
Compared with 1885 the figures show a moderate

Deposits by—

falling off in every case.
The following shows the imports of cereal produce into the
United Kingdom during the 50 weeks of the season and other

Insolv’t bks.

785,360

Liquid’# bks.
Red’c’g undr

8,809,226

per cent, and
3*5 per cent.

items compared with last

season:
IMPOSTS.

1886-87.

Wheat

owt.

Barley

52,137,330
16,010,352

47,925.140
9.806,848

Oats
Peas
Beans
Indian
Flour

13,502,945
2,483,478
2,481,195
30.001,544
16,204,573

10.453.875
2.049.607

corn

1883-84.

55,996.120
16,275,602
12,464,857
1,90J,468
3,492,952
27,042,070
16,067,823

50,410,847
14,064,071
12.742.859
1,649,143
3,079,242
27,601.545
14,377,683

2.975,833
30,414.150
13,872,944

Supplies available for consumption (exclusive of stocks
September 1):
1885-86.

1886-87.

Imports Of wheat.owt.5 2.137,330
Imports Of flour
16,204.573
Bales of home-grown..31,197,247
t.Total

47.925.140
13.872,944
40,620,617

1884-85.

1883-84.

55,996,120
16,067,823

50.410,847
14,377,683

39,661,012

39,213,003

99,539,150 102,412,701 111,724,955 104,001,533

1886-87.
Aver, price wheat.... ..week. 33s. 3d.
Aver, price wheat
season. 33s.
Id.

The

on

1885-86.

1884-85.

32s.

6d.

30s.

9d.

33s.
33s.

1883-84

Id.

389.

2d.

39s.

2d'
3d*

following shows the quantities of wheat, flour and
afloat to the United Kingdom:

maize
Wheat

Flour,equal to

Maize

qrs.
qrs.
qrs.

This week.

Last week,.

1,847,000
136.000
314,000

1,856,000
155,000
313,000

Ensllth

Financial

1886.
1,757.000

1,64 4,000

223,000
293,000

145.000
272,000

1885.

Haricots—Per Gable.

The daily closing quotations for securities, &c., at London
are

reported by cable

as

follows for the week ending Sep¬

tember 2.
Mon.

Sat.

Silver, per ox
d.
Consols for money
Consols for account
Fr’ch rentes (in Paris) fr
U. 8. 4i*s of 1891
U. S. 4s of 1907
Canadian Pacific
Chio. Mil. & St. Paul....

101 %
81-95
110

128%
50%
84

305a

Erie,common stock....
Illinois Central

1214*

New York Central...

110*4

.

101**
8 2-CO

110%
128%
5 7 *8
85
31
122%

50%
20%

Pennsylvania
Philadelphia & Reading

Tuts.

Wed.

Thurs.

Fr\.

4413l6 44i5u 45%e
101%* 1017le 1017ie 1O17i0
1017,6 1017,Q 1017,a 1019,«

loni6

81-90

81-95

110%
1294s
56%
84%
30 is

111%
129%
56%

123

56%

56%
20%
110%

26%
111

82-021* 82-25
111%
111%
129%
129%
56
56%

8378

8478

30*8
1221*
56%

30 L>

26

122%
57%
29%

110%

11078

86
32

124%
57%
29%
112%

©oramercial and miscellaneous Hews
Government

Revenue.—Through the courtesy of the Sec¬
retary of the Treasury, we are enabled to place before our
readers to-day the details of Government receipts for the
month of August.
From previous reiurns we obtain the
figures for pievious monihs, and in that manner complete the
statement since the beginning of the fiscal vear for 1887-88
and 18SG-&7,

|

188 ?•
•

I

i

Customs,

i

! '
1
Inter'l Misc’ls Total.
Rev'uc Sourc’s]

j

1886.
Cus¬

Inter’l Misc’ls

toms.

Rev’ue Sou re’s

«*>|

July

18,215,

9,768

August

22,687

10,850;

2.081

$
r $
80,815 17,899
35,618
20,771

40,962 20,618'

4.913

66,433

*

1

2,832

$
9,480
9,098

t
I
2,258 29,637
1,726 32,195

i

Total 2 months.
in

lotal.

i

'l

Legal Tenders

and

1

38.670

19,178

3,984

61,832

September 1.—The Comptroller of the Currency has furnished
the following, showing the amounts of national bank notes
August 1, together with the amounts outstanding September 1,
and the increase or decrease during the month; also the changes
in legal tenders hejjl for the redemption of bank notes up to
September 1:
$999,510
3,185,133

outstanding September 1,1887*.

$276,204,523

$274,019,900

deposit to redeem national bank

notes August 1, 1887
Amount deposited during August
Amount re-issued
b’nk notes retir’d in

notes
*

Aug.

$351,514
3,185,093

deposit to redeem national bank
Septomhir 1, 1887

$106,901,094
2,833,579

Aot of June 20, 1874, and July 12, 1882.

Coinage

United States Mints.—The

by

following state¬

ment, kindly furnished us by the Director of the Mint, shows

the coinage at the Mints of the United States during
of August and for the eight months of 1887 :

the month

Eight Months of 1887.

August.

Denomination.

Double

Pieces.

$
54

446,040

1,080
4,460,400

1,790,042

8,950.210

85
67
493

255
167
493

12,000

60,000 2,236,781

13,412,605

2,970,000

2,970,000;20,876.470

20,876,470

Eagles

Half eagles....
Three dollars..

60,000

12,000

Quarter
ollars eagles
Total

Value.

Pieces.

Value.

eagles.

gold

Standard dollars....
Half dollars

470

235
118

1,950,000

195,000 6,975,301

697,530

4,920,000

3,165,000 27,852,711

^21,574,353

8,591,112

429,556

1,821

470

•

Quarter dollars
Dimes

Total silver

Five cents
Three cents
One cent

43,500

870,000

1

3,486,000

34,800 24,942,343

2,oJl

Total minor

4,350,000

78,300 33.535,276

679,034

Total

9,282,000

3,303,300 63,624,768

35,665,992

coinage

recently been

:

Abilene National Bank. Kansas. Capital, $L50.000. Claik
Humphrey, Cashier.
Lumberinen’s National Bank of Chippewa Falls, Wisconsin.
Capital, $100,090. A. B. McDowell, President; E. Do F. BarII. Barker, President; E. D.

)iPiT*

licit

First National Bank of Seandia, Kansas. Capital, $30,000.
J. R. Caldwell, President; Win, II. Glut-kin, Cashier.
Ban Diego National Bank, California. Capital, $100,000.
D. Henderson, President; L. M. Jacobs, Cashier.
Tazewell County National Banker Delavun, Ill. Capital,
$50,0u0.
Erastus S. Hobart, President ; Rudolph Frey,
Cashier.

First
$50,000.

National

Manhattan, Kansas. Capital,
Taoaias R. Board,

Bank of

George S. Murphy, President;

Cashier.

First National Bank of Snow Hill, M Hyland.
Capital,
Johu Walter Smith, President ; Irving T. Matthews,

$50,000.
Cashier.

Flour City National Bank of Minneapolis, Minn. Capital,
$400,000. C. II. Ohadboum, President; George E. Maxwell,
Cashier.

Imports and Exports for the

Week.—The imports «f last

week, compared with those of the preceding week, show a
decrease in both dry goods and general merchandise. The

imports were $8,725,943, against $10,867,467 the pre¬
ceding week and 10,192,1S3 two weeks previous. The exports
for the week ended Aug. 30 amounted to $6,598,965, against
$0,241,345 last week and $6,769,434 two weeks previous. The
following are the imports at New York for the week ending
for dry goods) August 25, and for the week ending (for gen¬
eral merchandise) Aug. 26 ; also, totals since the beginning of
the first week in January :
FOREIGN IMPORTS AT NBW YORK.

1884.

For Week.

1885.

1886.

1387.

$3,263,233

$2,285,146

$2,857,789

5,118,886

4,818,660

5,69 7,531

$2,946,661
5,779,282

$8,382,119

$7,133,806

$8,555,320

$3,725,943

$79,951,268

$66,263,185
182,930,506

$78,076,615
206,396,3 )9

$83,053,703
228,390,203

Total 34 weeks. $287,753,161 $249,198,691 $284,473,044

mi,443,911

Dry Goods

(ien’l mer’dise..

Total
Since Jan. 1.

207,806,833

In our report of the dry goods trade will be found the im¬
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of

specie) from the port of New York to foreign ports for
week ending August 30, 1887, and from January 1 to date:
EXPORTS FROM NEW YORK FOR TUB

redeem national

bank notes

was

$104,067,515.

The portion of

deposit made (1) by banks becoming insolvent, (2) by
into voluntary liquidation, and (3) by banks re¬
retiring their circulation, was as follows on the first

banks going

the last five months:

1884.

$104,067,515

According to the above, the amount of legal tenders on
deposit September 1 with the Treasurer of the United States to




107334413 106901091 104067515

the

WEEK.

on

Circulation of national gold banks, not included above, $245,609.

this

103715305 102792157

2,185,623

Legal Tender Notes—

Amount

98,268,714 97,882,0^2 95,217,191

len’l mer’dise..

Amount outstanding August 1, 1887
Amount issued during August
Amount retired during August

on

94,120,719 93,397,281

Dry Goods

National Bank Notes—

Amount

$
790,536
8,059,788

Total

National Bank Notes to

us

Amount

$
810,501
8,203,541

total

000$ Omitted.

Changes

33..778421089——TThihoee

Sept. 1.

aot of ’74.*

organized

44 %

45 %

$

775,927
8,289,772

August 1.

National Banks.—The following banks have

9

London.

July 1.

'$
812,256
8,582,620

$

*

1884-85.

1885-86.

June 1.

May 1.

For the week...
Prev. reported..

$5,945,162
210,062,762

1885.

$6,147,141

$6,556,509

$6,593,965

197,420,693

194,353,317

$203,977,202!$200,952,232

table shows the exports and imports of specie

at the port of New York
since January 1, 1887, and

1886 and 1885:

1837.

208,987,355

Total 34 weeks. $216,007,924 $215,134,496

The following

1986.

for the week ending Aug. 27, and
for the corresponding periods in

292

fHE CHRONICLE.
MXPOBTfl AMD IMPORTS OF BPBOIR AT KHW TOBK.

Export*.

Bold.

Week.

Great Britain
France

9

Germany
West

Indies

e,500

Mexico
South America
Allother countries...

.

20,008
1,375

Total 1887
Total 1886
Total 18 35

$27,883
15,854
1,460

able April and October.
They will be ready for delivery
about October 1. The road more than
earned the first years
interest in the first nine months of its fiscal

Imports,

Since Jan. 1.

$120,253
17,857
968,101
2,366,717

Week.

year.

Since Jan. 1

$

390,825
354,918
270,108

$2,177,704
1,917,290
3,390,105
2,524,598
9,962

2,280,1.22
473,114

1,658
6,722

185,249
132,861

$6,226,164 #1,024,231 $10,342.7 9
37,001.586 1,690,165
5,412,220
6,36;q95l
71,566
6,124,126

Silver.

Great Britain
France

Germany

$457,121
19,200

West Indies
Mexico
South America

9,180

$ 5,077,542

Of

$211,665
837
27
243

2,216

149,152
3rt7,783

21,358
51,407

3,799

35,219

25,293

$485,501
23 *,755

$7,244,568

$30,199

254.660

11,749,^68

All other countries...

Total 1887
Total 1886
Total 1885

8

778,673
118,640
161,729

6,984,151

70,8 *9
205,917
389,949

$1,417,581
1,103,203

31,464
62,314

1,291.402

imports for the wees in 1887 $ 123,053 were
American gold coin and $3,034 American silver coin.
Of the
exports during the same time $27,883 were American
gold

Sub-Treasury.—The following table shows
the receipts and payments at the
Sub-Treasury in this city, as
well as the balances in the same, for each
day of the past week:

Aug. 27
“

“
“

Sept.
“

29
30

%
Receipts.

Payments.

Coin.

Coin Cert’s.

Currency.

$

$

$

$

%

913,754
2,763,588
1,372,712

Balances.

1,343,690 135.033,821
1,299,917 134,928,610

1

1,292.953
4,690,779

2

1,587,610

1,001,477
3,035,806
1,561,443
2,497,327

12.621.396

10.740,160

31

Total

134,945,358
135,020,8 U
135,051,866
135,092,697

11,746,419

13.856,186
13,817,047

13,354,441
13,721,045
11,980,650

13,804,430

13,724,476
13,408,589
13,427,712

15,395.063

14,425,390

>e

of

for

January 1

construction.

109; Samuel Bailie, of Philadelphia,
$9 000, coupon, at 108 75; Maverick National
Bank, of Boston,

$100,000, registered, at 108% and $70,000 registered, at
103%.
Total bonds purchased, $401,700. Senator
Jas. G. Fair offered
to .s-ll $670,000 registered
4% per cents “at the price paid
by the Government to-day,”

Actiug Secretary Thompson
the offer.

Poor’s Manual of the Railroads of the United
States
just out for 1887, and mav b? obtained at tie
publication
office, 70 Wall Street, at $6 per copy. The volume is

replete

usual

with elaborate
statistics, both of the railroads of the
whole country given in the
Introduction, and for each partic¬
ular road given in the 1,000 aid odd
pages of the volume at
large. This annual book has obtained such a pre-eminent
position as a necessary work on U. S. railroads, that it is
only
necessary to refer to the fact that the volume for 1887 is now
as

ready.

—The brokerage firm of
Gorham, Turner & Co. has
dissolved, Mr. Gorham retiring. Hereafter the business

Auction Sales.—The
following were sold
by Messrs. Adrian H. Muller & Son :

Shares.
20 Oriental Bank
190*a
18 Bank of the State of New
York
.122
1 Importers’ & Traders’ Nat.
Bank
331
9 Hanover National Bank.. 175
48 Phenix National Bank....107
5 St. Nicholas Bank
1228a

100 Standard Oil Trust

cally deny that this move on the part of the board
anything whatever to do with the cable war

has

emphati •

of directors
now in
pro-

fresa. The position
will be in no way altered
issue, asofatthat
first contest
thought it would be

y our stock
to suppose.”

very natural

The company has reduced the
price of cables to 12 cents per
word to England and Fiance and 15 cents
to Germany.
Missouri Kansas & Texas.—There has been filed in
the
office of the Recorder of Pettis
County, Mo., a mortgage
given by the Missouri Kansas & Texas Railroad
Company to
the Mercantile Trust
Company of New York, on the main line
and all of the branches of the Missouri Kansas &
Texas, to
secure
the payment of bonds to the

purchase additional branches. One of the provisions of that
mortgage was that the railroad company, for the
purpose of
constructing and acquiring other lines of railroad, might
make a further issue of bonds, provided the
aggregate amount
of such should i ot exceed $20,000
per mile for every mile of
road constructed.
In accordance with this
provision the

original mortgage for $40,000,000 was changed to $58,000,000.
N. Y. Chicago & St. Louis.—The New Nickel
Plate bonds
are now dealt in in the unlisted
department of the Stock
Exchange in advance of their issue. These bonds bear interest
at 4 per cent per annum from Oetober 1, 1887,
coupons pay¬

<r

at

Bonds.

$509 Long Islaud City “Fire
Departm’t Debt,” 7s, 19 >2 105
$1,000 3d RR. Co., 7s, coup.,
1890
1*4*4 & int.
$3,000 Long Is City Fund.
Water Debt, 7s, cp., L8-»5..1011a

$1^,000 Rome& Decatur RR.
Co., 1st mortg
40

SECURITIES
FOR

INVESTORS.
All stocks and bonds listed on the New
York Stock
aud sold on commission for cash.
Deposit acoounts received and interest allowed on
subject to draft at sight.

HARVEY
28

FISK

Nassau Street,

&

Exchange bought
monthly balances

SONS,

New York.

TOWN OF S

ALINA, N. Y., 4s,
MOUNTAIN, 6s (No. Pac. guarantee),
CRAWFORDSVILLE, IND., WATER WORKS CO., 6s,
CITY OF CINCINNATI
6s, 7s, 7 3-10s,
SARATOGA, N. Y., GAS 6c ELECTRIC LIGHT CO. 6s,
HELENA

6c

RED

40,000 CITY OF ROCHESTER
7s, Due 1903,
FOIt SALE BY

COFFIN & STANTON, Bankers,
10, 11» 12 aRd 13 Mortimer Building, Wall Street, N. Y.
£

THE

EUREKA

SPRINGS

RAILWAY

FIRST

amount of

$58,000,000.
December, 1886, a mortgage was given by the
Missouri Kansas & Texas Company on its main
line, branches
and leased lines to the Mercantile Trust
Company of New
York, to secure the payment of $40,000,000 of bonds, the
mortgage being given for the purpose of enabling thd railroad
comp my to construct and to acquire by permanent lease or

week

United States Government and other desirable

are

stock is not to be taken
by any syndicate, but will come into
the posses si >n of the
larger owners of our system. I

.175

this

Ranking and financial.

to

excluded in above statement.
Commercial Cable.—The board of directors of the
Com¬
mercial Cable
Company have decided to increase the capital
stock of the
company to $6,000,000.
Mr. G. G. Ward, Sec
retary of the Board said: “ The capital stock of the
company is
now $4,000,000.
This increase to $6,000,000 is made to cov^r
the cost of the additions that we have
been making for some
time to our plant. The added
$2,000,000 is simply enough for
this purpose, and there will be no
surplus for use in other
ways when this new equipment has been covered. The new

been

will
be conducted under the firm name of
Charles W. Turner &
Co., Mr. Charles C. Noble being a partner.

July 1: G«oss earnings, $1,239,123; expenses, $739,494; net
income, $499,629. Five per cent is de >ucted from
freight




new

$490 000 coupon
bonds. The following bids were
accepted:
Salem Swings
Bank of Salem.
Mass., $170,000 registered, at 103 15 16 flat;
Salem Marine Insurance
Company, of Salem, Mass., $5,000,
registered, ar 108 15 16 flit; Charles D. B
irney & Co., of Pailadelphia, $7,700, reg, at 109; David Baldwin, of Baltimore,
$15,000, coupon, at 109; American Exchange National
Bank, of
New York, $25 000. at

Columbus &

On the 1st of

stock, making

United States
Treasury Bond Purchases.—On Wednes¬
day the total offerings to the
Treasury amounted to $3,450,200, of which $2,960,000 were registered and

Hocking Valler.—Mr. John Shaw, the Presi¬
dent of this company, says: “The
company is doing well, and
we
hope to have an early decision ia our favor in the Burke
and other suits.” Gross
earnings month of June were $192,327; expenses, $125,705; net revenue, $66,022.
for rebate, and taxes

new

auction

Cleveland & Canton.—The directors of this
company have
rejected any and all bids for the bonds and withdrawn
them
from the market for the
present. A syndicate of large stock¬
holders has advanced the
company sufficient money to do the
work of
changing the gauge, except purchasing its new steel
rails and rolling
stock. The grading, bridging, laying ties
and building new
shops at Canton, Ohio, will all be completed
before Dec. 1, the necessary funds to
complete this work being
on hand.

revenue

$1,000,000

capital $7,500,000.
Stockholders have authorized this
and
issue,
the proceeds will
be used

is

coin.

Date.

Philadelphia Co. (Natural Gas.)—This company give* notice

of iss

considered this too vague, to
accept

the above

United States

fVOL XLV.

INTEREST
AT

COMPANY’S

MORTGAGE 6 PER CENT
5<i-Y*;AR GOLD
RONDS,
PAYABLE FEBRUARY AND AUGUST,

MERCANTILE

TRUST CO.,
lOKK.

N EW

The line is completed from

SPRINGS, ARK., aud is

TRUSTEE,

SELIGMAN, MO., to EUREKA

run in connection with the ST. LOUIS
6c SAN FRANCISCO KR. CO., aud a through line of PULLMAN
SLEEPERS runs daily between ST. LOUIS and EUREKA
SPRINGS, via the SI'. LOUIS 6c **AN FRANCIsCO AND
THE EUi&EaA SPRINGS RAILWAYS.
I'he company has a valu ible tratlic contract with the ST. LOUIS
6c SAN
FRANCInCO RAIL iF A Y COMPANY during the
life of the boud, ami also has another contract with me s iin i
eompany
to furuish it with auy additional
rolling stock which it may require to
handle its busi..ess
'
The road has been in operation for about five
years, is doing a splendid
business, paying the iaterest on its first mortgage bouds and over three
pt r cent on the income bonds.
We offer a limited amount of these securities for
sale, aud look upon
them as a safe aud profitable investment.
For further particulars call oa or address
,

GRISWOLD «fc GILLETT,
3 WALL ST., NEW YORK.

September 3,

THE CHRONICLE.

1887.]

i@3 16 premium; New Orleans, commercial, 25@50c. discount;
bank, $1 50 premium; St. Louis, 75c. discount; Chicago, 60c.
discount.
The rates of leading bankers are as follows:

%\iz g ankers' CSaActte.
DIVIDEN DSt
The

following dividends have recently been announced:
Name

of Company.

i

Per

:

Cent.

!

When

Payable.

September 2.

Books Closed,
(Days inclusive.)

Connecticut River (quar.)
Eastern (Mass.) com. (quar.)
Missouri Pacific (quar.)
West Jersey
West Jersey & Atlantic

I

1%

‘

2
1

8ept.
Sept.
Oct.

Sept.

1%

Oct.

3

Sept.

2*2

Sept.

1
22 Sept

11

—

8 to SeDt. 23

2).
1 Sept.

17

to

Oct.

Sixty Days.

Prime hankers’ sterling bills on Lon Ion..
Prime commercial

Railroads.
3

293

Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen (reichmarks)

4 31
4 79/S4

Demand.
4 85

79*4

4 78*34)4 7*%
5 26*4 3 5 255s 5 233*95 23*6

39ii,_®39%
94*8 #94*4

397a t39*5l6
94**3»9458

2

United States Bonds.—Government bonds have been moder

15:Aug. 27 to

ately active, and the feature of the week was large sales of the
»i iscellaueous.
15|Aug. 27 to
1*4
Sept. 15 Sept. 1 to Sept. 15 currency 6s on Monday, in some cases considerably below the
previously ruling quotations, though prices subsequently recov¬
WALL STREET, FRIDAY, Sept. 2, 1SS7-5 1\ M.
ered.
The 4s and 4}s have been quite strong,
especially the
The Money Market and Financial Situation.—The
lethargy latter, which are 1}- higher than a week ago. The Treasury
been
of Wall Street has
disturbed this week by the occurrence transactions attracted less
attention this week, and the offer¬
of two first class negotiations—the sale of the B. & O.
Express ings were much smaller than in any previous week, amounting
to the U. S. Express Company, and the sale of bonds and stock
to only $3,450,200.
The amount accepted was $401,700 at
in the Oregon Trans-Continental treasury sufficient to relieve
prices
ranging
from
108}
to 109.
that company of all its pressing floating obligations.
The closing prices at the N. Yr. Board have been as follows:
The general effect of these transactions was considerable;
and as to the B. & O. sale, the conclusion was
quickly drawn
Interest Aug.
Aug.
Aug.
Aug.
Sept. ; Sept.
Periods
29.
'll.
30.
31.
1.
2.
by the Street that the sale of the company’s telegraph, and
even the railroad itself, would
speedily follow. In the words 4**8, 1891
*107
*108
reg Q.-Mar. *107
j * 10 ■* *4 *10S*4 104*4
of Mr. Sage, an auction flag had been hung out, and
*108
coup. Q.-Mar. |*108
*109*8 *109:% X08:% *108*4
although 4*28. 1891
1907
*125
•
bidders were few, there was a good prospect that purchasers 4s,
*125*2 1254, *x2478 I 12478
reg. Q.-Jan. ;*125
4s, 1907
*125
12538 125% *12578 1257q
coup. Q.-Jan. i*125
would be found at some price.
After business hours to-day 6*-, cur’cy,’95
121
*121 *2*121 *2 *121*2 *122
reg. J. & J. *121
122
(Friday) the various reports took shape in the definite an¬ 6s, cur’cy,’96
retr J. & J.|*123
*123%|*123% *124* >124
6s, cur’cy, ’97
*125
*126 ^ *12678 *127* j*127
reg. J. & J. *126
nouncement by Drexel, Morgan & Co. that
negotiations had 6a, cur’cy,
’98
*129*2 *129 ^ *129*3 L29*a
reg. J. <fe J.j*l 91* 128
been completed with a syndicate to clear off the B. & O. float¬ 6s, cur’ey,’99
129 i*130*s[*130*2 *130*a *130**
reg. J. & J.[*130*9
ing debt, and that such changes would be made in the policy
This is the price bid at the morning board; no sale was mide.
of the company as would tend to
harmony.
State and Railroad Bonds.—State bonds have been moder¬
The bulls have generally taken the idea that the end of
ately
active, Louisiana consol. 4 shaving had the largest business,
these negotiations would mean the end of the recent bear
and the price ruled strong.
Others are practically unchanged.
campaign, and on this conclusion the market has gathered
Railroad bonds have not been active, and there is little to
strength, and has come up to the healthiest tone wTe have had
report in regard to this market. Prices have been rather un¬
for some weeks past.
settled and irregular, and many of the lower
The Bank of England has advanced its rate to 4
priced bonds
per cent, have declined more than
last week, with the effect of some¬
but there is considerable gold already afloat, and it is
sup¬ what
unsettling some of the higher-priced bonds, winch had
posed that the sale of O. T. and other securities abroad will
previously
ruled firm. No important decline has taken place,,
yet lead to further shipments, to say nothing of the exports of
our cotton in the near future and
the large breadstuffs move¬ however, and there has been no special activity in any class*
In the latter part of the w*eek there has been a
general reaction
ment, which is kept up at a large volume.
in sympathy vTitli the stock market, and the tone has decidedly
Upon the whole, the outlook for Stock Exchange business
improved.
is brighter at the moment than it has been for some time
past.
Railroad and Miscellaneous Stocks.—During the
The open market rates for call loans
first half
during the week on
of the past wreek the stock market continued in an unsettled
stock and bond collaterals have ranged from 3 to 8 per
cent,
and rather w*eak condition, though
the usual rate to stockbrokers, on good collateral,
there w*as a partial rally
being 5@*7 on
Saturday, owing to a cessation of unsettling rumors and
per cent.
To-day the rates were 5@8 per cent. Prime com¬
lack of opposition from the bears.
mercial paper is quoted at 6@7 per cent.
On Tuesday quite a sharp
decline occurred, and in the afternoon the
The Bank of England weekly statement on
selling was active
Thursday showed
again in specie of £36,000, and the percentage of reserve to and prices gave wray freely, under bear pressure assisted by
liabilities was 42* 19, against 42*15 last week: the discount various rumors of an unsettling character.
Many of the more
rate was advanced from 3 to 4 per cent.
The Bank of France active stocks w*ent to lower prices than were made last wreek,
lost 8,700,500 francs in gold and gained 250,000 francs in the depression being most marked in a few of the
leading
silver.
specialties.
On Wednesday a complete change occurred in
The New York Clearing House banks in their statement of
the temper of
August 27 showed an increase in surplus reserve of $600,050, speculation and an active bull campaign was started, which
has continued all the balance of the
the total surplus being $4,865,725, against $4,265,675 the
week, carrying prices up
pre¬
vious -week.
quite sharply. The change w*as brought about primarily by
The following table shows the changes from the previous two important developments, which have excited considerable
week and a comparison with the two
preceding years in the comment in Wall Street and led to many rumors and conjec¬
tures as to future negotiations to result therefrom.
One of
averages of the New York Clearing House banks:
these wTas the sale of the Baltimore & Ohio
Express to the
United States Express Company, and the other the
1887.
1886.
Diffr’nc's fr'm
1885.
negotiation
August 27. Prev. Week.
with a syndicate of foreign bankers, wffiereby some $6,000,000
August 28. August 29.
of bonds and stock wTere sold
by the Oregon Trans-Continental
$
$
$
$
Loaos and diso’ts. 348,435.000 Dec.2,275,700 342,^33,200 320,112,500
Company
to discharge its maturing loans and present obliga¬
Specie
68,693.300 Dec. 123,600 68,582,100 115,655,000 tions.
The Baltimore & Ohio Express transfer has led to a
Circulation
3.073,800 Dec.
1O.400
7,982.900
9.684,200
somewdiat
Net deposits
345,482,700 Dec. 1,732,200 349,393.000 391,140,600
general expectation that it will be followed by a
Legal tenders
22,543,1( O Inc. 290,600 25,673,300 39,o40,400 eftange in management of all the other Baltimore & Ohio
prop¬
86,370,675 Dec. 433,050 87,348,250 97,785,150 erties, and, though stoutly denied, this
Legal reserve
impression
has
been
Reserve held
91,236,400 Inc. 167,000 94,255,400 151,695,400
strong enough to exert a powerful influence in the stock mar¬
Surplus
4,865,725|lnc. 600,050 6,907,150 56,910,250 ket. The negotiation of Oregon Trans Continental securities
w*as hardly less
important, as it
changes the finan¬
Exchange.—Sterling exchange has been quite dull all cial condition of that company completely
and has an important bearing
the week, and at no time has the demand been increased to
on
the Northern Pacific
election, in which it is reported
anything like activity. Rates have been somewhat weak, owing there will be a
compromise
ticket.
to the rather freer
offering of security bills against stock and
Under the influence of these developments
the stock market
bond negotiations, and on
Thursday the advance in the Bank advanced rapidly on Wednesday and
Thursday, nearly every
of England rate to 4 per cent caused a decline of
4c. in the 60-day stock on the list showing more or less
and
rate for sterling.
Posted rates are now 4 81 and 4 85. About to-day this advance wras continued and theimprovement,
market was very
$2,400,000 gold has arrived from abroad since our last report
strong under bear covering and large purchases for London
To-day the rates on actual business were as follows, viz.: account, as also
by parties who were
well assured
Bankers’ 60 days’ sterling,
4 80} @4 804; demand, 4 84 of die success of the Baltimore & Ohio pretty
negotiations. The
@4 84£.
Cables, 4 84} @4 84f. “ Commercial bills wrere Oregons and
Northern Pacifies have naturally been prominent
4 79; Continental bills were: Francs, 5
25§@5 26-} and 5 23} in the advance, though the improvement was
general, except
@5 23f; reiclimarks, 94@94} and 944@94f; guilders, 394(g» in Manhattan
which steadily declined, going as
Elevated,
39f and 39£<g)40.
low* as 93} on Wednesday,
though recovering later and clos¬
The following were the rates of domestic
exchange
on New ing to-day at 102}.
There was no special cause apparent for
York at the under-mentioned cities
to-day: Savannah, buying this movement, and the public assumed that the stock fluctu¬
par; selling
premium; Charleston buying par; selling ated as the parties in control desired to have it.
.




„

*

! *

*

■

291

THE

CHRONICLE

fVoi* XLV.

STOCKS—PRICES AT N. T. STOCK EXCHANGE FOE WEEK ENDING SEPT. 2, AND SINCE JAN.
1, 1887.
HIGHEST AND LOWEST PRICES.
STOCKS.

Saturday,
Aug. 27.

Active Kit. Stocks.
Atlantic & Pacific
danadian Pacific
Canada Southern
Central of New Jersey

10%
54%
5134
72%

10 34

11%
54%
52%
73%

*6

I)o
Do

1st pref.
2d pref.

•Chicago Burlington & Quincy.
Chicago Milwaukee A St.Paul.
Do
pref.
Chicago & Northwestern
Do
pref.
Chicago Rock Island & Pacific.
Chicago St. Louis & Pittsburg.

7
1034 ii
*
7
10
135% 13 /

81%
119

82%
119

112% 113%
*123

15

“

124
15

119

119

Do

pref.

East Tennessee Va. & Ga. R’y.
Do
Do

1st pref.
2d pref.
Evansville A Terre Haute....
Fort Worth A DeuverGity....

21%

22%
128% 129%
2 o%

2o>>4

*58%

59%

11

*5 7 %
22

11

58%

Illinois Central
Ind. Bloom. & West.,

pref.

pd..

ass.

Kingston

<& Pembroke
Lake Erie A Western
Do
do
pref.
Lake Shore A Mich. Southern.

Long Island

Louisville A Nashville

10
40

91%
01%

Louis. New Alb. <i£ Chicago
Manhattan Elevared, consol..

Memphis A Charleston
Mil. Lake Shore A West
Do

pref.

Minneapolis A St. Ixmis
Do

pref.

Missouri Kansas A Tex;is
Missouri Pacific
Mobile & Ohio

Nashv.Chattuimoga&St. Louis
New York Central A Hudson.
New Y. Chic.A St. L., absent’d
Do
pref, a-sented.
New York Lake Erie A West’n

90

40

no
*15
119

11

lO'N

47%
92%
93%

01%

02

02

108% 109%

109

83
83
83
83
103% 10D
13
13
r30
30%
24 %
25 %
92
93%
*12
13
77 % 78%

*83
105

100% 100%
10
10 %
2 7%
28

42%

pref.

41
2o
50

21
20

24%

Oregon Sc Trans-Continental..
Peoria Decatur A kvansvillc.

Philadelphia Sc Reading
Sc West P’utTerminal

Do
pref
Rome Watertown v Ogdensb’g
St. Louis Sc Sun Francisco
Do
pref....
Do
1st pref
St. Paul A: Duluth
Do
pref
St. Paul Minneap. Sc Manitoba
Texas A Pacific, ass. paid
Union Pacific
Wab. St. L. A P.,P. Com. repts.
Do
pref.
-

Wheeling Ac Lake Erie

Nav. Go...

4(1

......

82

13

13

30%
23%
90%

31%
2434

105%

10%

10

28 %

27%
28%
05%

29%
00 %
•13

,41%

%

'

78%
100%
10%
27%
29%
07%

4038
24%

42%

50%

40

52

24%

24 ‘8

••'24%

2L '8

21 %

22^8

22%
50 %

23 %

23 %
52%

22%
23%

1 %

P,
51%

21
22 Y>

48 >-8
2 L%
21

5 L%

24%
53%

25%
«.) 5

24%
55

20

48%
23%

*80

•

25

22%
48%
23%

25%

oo
k

80
35
34
34 %
33
32% 34%
31%
0.1 "3
’< 0 • ‘s
7 0 •■'8
70
09
71
*09% 70%
112
112
*112
*110
113% *110% 112
112
Y2 %
73
7 4 % 74%
73
73%
72% 73%
100
105
103% 103%
112% 112% 112
111 % 112%
il2
20
20%
20% 20%
25
24% 2034
20%
53
53% 51%
54%
5 1 % 54%
51% 5334
10% 10%
17% 17%
10% 17% *10% 10%
......

......

Highest.

30%

28%

30%

39 *s

37%

29%
39%

35% 30
*72 % 73%
100% 100%
35% 30

35%

30%

7 2 la

"2%

35
71 %

30 %
72 %

25

129% 131%
*20%
01
11

58%
21%
*45%
*10%

2801

11%
58%
23%
46

29

57

3

Q -1

O

21

010

3,550

15

17

47%
93%

17
49

10.191

95

59,153

63%

52,995

57

500

’i-G

090

20,275

55%
85

20

90%
13

100

8434 8 L34
85
85%
105% 105%
14% 11%
31% 3 i
2534 26%
95
97%
13

77

107%

10%

17

29
29 %
07

29%
30%
09
44 %
10%

13
78

9%

69%
42%
16%
9%

28%

2 8 34

25

20

58

58

17

43%
27%
53%

1,390
1,350
1,845
1,279

2,783
11,905

47,242

35 34
71 %

26

2434
24%
57%
25 %

25%
25%

5,480

59% 434,168

27% 103,190
58
1,199

7-1%
103
113
28
55 %

17%
31%
42 %

71%
112% 112%
72
74
105
103
113
113
4

27%
54%
17%
31%

.

~

28

42

55%
17 %
32%
43 %

38
74

39
75

2,400
4,0 75

Jan.

270

Apr. 22
May 17
June

7

Apr. 11

3

32

Jan.

3

3

May 28

2734 Apr.
1
47% Apr. 21
24% May 16
61
Apr. 29
98% Jiine 30
M.nr

1A

70% Apr. 14

Apr. 20

Apr. 5
May 19
May 18
May 18

4 119
20% Apr.

2

48% May 31
34% Apr.
9
Aug. 25 112
May 19

20% Aug. 30

27% Aug.

1
1
July 30

Augl

19% Jan.
88% Jan.

8
3

114% May 19
20 34 May 16

37% May 18
355s Apr. 12
76
66

May 23
Mar. 29

0

8% Aug. 26
26% Aug. 3 l
14% Aug. 31
40
Aug. 1
24% Aug. 27
47% Aug. 25
22% Feb.

1

20

Aug. 26
22% Aug. 27
34

Fen.

l

22% Aug. 26
51
Aug. 25
80
Feb.
8
30
Jail. 27
61% Feb.
2

•10 111

2,590

May 17
Apr. 22

Aug. 26
28%.July 30
23
Aug. 26

Ac/

25%

7
7

or’4 j line 11

12

2,008

1,4/5j

June
J line

Jan.

138

Fob.

98

9%
29%

5,997
15,250

17

93% Aug. 3 1 161%
50
July 27 64%
80
Aug. 1 95 %
6 94%
66% Jan.

375
3,100

May 17
May 18
May 17

32 % Apr. 14
6838 June 4

OO a,

78,385

-O

Ally. 24

9

40,389
2,20..
89,050

35%

2

15% Aug. 31
Aug. 25
89% Aug. 1

16%

36

4

43

64
40

27%
54%

Aug. 31

Aug. 20
30% Aug. 26

63%
4334

17
44

Feb.c 3
Jan. 24

90
12
July 20
1,800 76% Jill v 14
14,001] 105% Aiur. 30
<3 *) 3 o
15 % Aug. 30

2,100
93,109
4,100

IQ
Xu

Aug. 26 39% Jan. 11
July 30 139%June 1

*

300

*76
108% 108%
17
17
30
30
30% 31

Ton
all*

Jan. 20

62% May 7
17
Apr. 7
28
May 31

33%

85

4338 Apr 12
9% Jan.
8

21% Feb.'
9% Aug.
17

1,137
2,624

1 Q

May 19
86% Apr 13

82% Jan. 13

800

49

GQ 3o Ton

57% Aug. 26
20% July 30

11 I 1

102%

EVkh

5% Aug. 31

33%

70%
111% 111%

30
40

55% Jan.

833

46

5334
17%
30 %
40 %

6

24
1201”

99

20%

July 30

400

98%

74
103
113

49

94,130 126
1,000 21%
1,074 56%
3,972 10%

2,400

97%
55%

%

15% June 13

11%

02%

■

Aug. 26

291
6% Aug. 23 11%
2.554 135
Aug. 30 156
168.909 78% Aug. 1 95
2,04* 117
July 30 127%
58,835 109 July 30 127f%
5(50 138% Jail. 29 153%
1,54** 123
Aug. 29 140 %
300 15
Aug. 1 2 Z ~
A, /.)(J
5 2%
17,203 42% Aug. 31
5 1Y
2,020 106
Feb.
1 lIS1**
1,535 50
Aug. 26 68

4,055

03

35

......

30%

24%

10

17
X /

......

......

29 %
30 ->8

40
46%
109% 109%
53% 53%

730
650

^

......

34%

29

15

4.U

2,635
2,190
12,980
18,285

10%
31%
10%

*15%
42% 43%
20% 2 7 •%
51% 54 %
24% 25 %
24% 25%
23% 21%
50% 157%

23%
51%
25%

120

*15
120

17

25
24

83%

01%

28

20%

136

82%

92%

-42%
lt.:%
9%

9%

6%
11%
7%

75

92%

107

27%
15%

37%
6%
11%
7%

92

70

43 %
10

3710

47 %
94

25
93
12

'

42%
21%

Vi

19
119

100% 100%
13% 15
31
31%

93
13

70 %

11

85

83% 84
I04:f4 105

*12

45%

*82%

82%

40
2 1%
3 8 ’'8

43
25

9

Ail-'.

55% Jail.
99

Aug.

1,400 110% Aug.

14
Feb. 14
38% Feb. 14
2338 Jan.
3

55% May 16
34%
63%
32%
35%
39%
159%
53

July 18
May 19
Apr.4
Apr. 7
May 25

Sept.

2

Jail. 17

87% Jan. 17
95

Jan.

17

44% May 26
8 t % May 26

1 120
June 2
7 95
June 20
2 11 i34 May 23

3 120% May 27

18,230
50,550

20
Feb.
3
5 1 % Aug. 31

1,100
4,050
11,590

23% Feb.

35% Aug. 26

35% May
63% Mav
22% May
38% May
03% Apr.

34

53% May 19

13% Feb.

1
1

23
18

6
18
13

•
.

80
3s%

100

100%
30% 37%
80 %
89
39
40%

87%
39 %
93

»

......

70%

.

„

......

Tl-’y

70%

72%

31% 37%
7 L%
72%
x98% 100%

99% 100%
*35

37

-84%

s

0

38
87
38

%

39
99.-

37
*95

*95%

113% 143%
70% 71%

143

♦70%

30%
•

>

39

99

73%
99%

38

39%

43

90%
38 %

91
3 s 34

93%

99

98

99

4

"

—

"

99% 100%
42 34 A 2 34
9 1 %
93
3934 -1 l

117

119

1 15

110

107

115
108

*1 45
108

130

*125

130

*126

4L

*4
43

7
43

47

47

*4

5

Aug. 26

3,102

89

May 19

0,870
1,450

98% Aug. 31 105% Apr. 18

15 066

May 19
Apr. 7

35%
84
11,325 37
99
99
1,325 95
14 8% 152
•2.800 139%
73% 75% 138,903 67%

145
73 %

150%
72% 7434

9,160

Aug. 27
54%
Aug. 26 105%
Ail1* 30
5>}3g
June 28 115
4 159%
Jan.
June 21 79

May 31

Feb.

8

May 23
June

7

Aiirr

K

•

145

107%

107 L>.

09

09

Chicago A Ind. Goal K’wav...
Cilicia. Ind. St. Louis As chic
Cincinnati Wash. A: Baltimore.
Do
pref.
Denv. A Rio Grande Western.
Marquette iloughtou a. On...

*

*10

50

12%

Virginia Midland
Columbus As Hocking Coal

*3

4

5%

*40
70

*3%
*5 %

5%

*12

15

Do
prof..
Richmond As Alleghanv
St. Louis Alt. A Terre Haute..
South Carolina

50

5%

pref.

Quicksilver Mining Co

"

15

12%

*5

*17
v87
*14%

20
90
15 %

1 3«i Y

1 :;7 11

12%

12%

*5
*20

2%
33
8
30

Marshall Con. Coal
New York As lYrrv Goal
Tennessee Goal As Iron
*28%
various Stocks. Ac. (Uni isted.)
Amer. Cotton Oil Tru>t
30%
Pipe Line Certificates
01 %

35

33%

130

149
*107

"

"

*125

0
29

*17
*85

50
70

41

4

4

4

0%

0%

0%

10
20
90

20

"So

90

1

*5
*20

12%
0

29

2%
30

va

U7l5'

tlie prices bid anil asked;

*17
3

4%
0%
20
90 ‘

6%
*17
*85

0%
1 0
20

1

1 Uiiilo

33

37

*5
*20

0
29

*5
*°6
‘Uo

36%

30%

29%
*

30

29

50
29

30%
01%

31%
02%

no

sale

was

27

29%

01%

50
29

30%
02%

29%
10%
*

29%

29%

2*o

36

30%

4134

43

29%

30

30%

10G

25%

50
27%

28%

30%

01%

05

made at the-Board.

300
50
100
820

20%
28%
03%

1^9

107

Tun

*

11R I0 M u r 14

/(•>

I<\»1,

17

4
41

Aug. 23

<Ui

An.r

Aug. 31

250
100
300

1,290

15% Jan. 10
07% Apr. 19
11)1

IQ

7

Jan. 13

A

| ] <r

1 M la

1 9

\n
M

A

91

8
Ml

97
97

”

9

99

.'»%

O

111 S.

ii <r.

30

Jail.
June

8
3

Apr. 22

26% Aug. 26
9

Afnv

inillo \l!iv

tr_

AUg. 15
\u<r 11
°7
9 lo .1 n iifi, ‘>0

30

10% Jan. 14
23% Jan. 13

A

nr

Foil

9
11

22
May 17
8 34 Jan. 10
35
Mav 14

11% Feb. 18
45% June 6
17

Jan.

7

40% July 19
50
Apr. 27

Aug. 26

32% May 23

1149 July 13
3,915 25% Aug. 31

72% Apr. 5
54% Jan. 14

27%

28

29 %

20

05%

64

2P% 20.702
65% 6,30s,ooo

-

paid.

6

Ml

5%

1,300

June

3 % Aug. 26
5% Aug. 2 >

1-1TL,

50
28

t Alt assessments

A

_Tnlv

10
X

Tun

1 ‘On

.....

0

....

42
20

1903,

137

900

0

-

42
29

9 7>>.l

1 1 1

13

29

9'>9

300

1 MTXo

13
*5
*20

?;»

90

15

•

30

31%
02%

*3%
0%

*1 •>

17
14

12"

150
108
7-1%
131

00

8

50
29

7.1 3,

1

0
40

......

5%

145
10!)

108

*125

Inactive Stocks.
Central Iowa

are

40

14%

Wells, Fargo A Co




15%
20%
28%
05%
41%
10%

59%

90

10%
33%
10%
403.8

10%
47
93
92
02

......

/

58%
21%

*84
45
*10
15
119

9334 100

*

11

*

l.>%

Express Stocks.

Adams
American
United States

Do
Mexican Central
Morris As Essex
Ohio Sout hern

45%

91
92

12%

11

21%

*44%

01%

52

21

90

40%

23% 24
128% 130%
20% 20%
59% 59%

58%

54%

15

109

58

*85

92%

77
105% 107
,

44%
109
52

53%
73%

114% 115
145% 146
124%127

aci\a

21%

20%

24%
48 %

Lowest.

Shares

11%

120

144
125
15

58

27 Y

Philadelphia Co., Nat. Gas
Pullman Palace < ar Go
Westeru Union Telegraph

QQ

83

12

120

QQ

27
15

10

o

119
144
125
15

10
9

9%

Range since Jan. 1, 1887.

Week,

11

130

83%

142

10%
9%

35 %

Miacellaueo iin Mocks.
Colorado Goal «v Iron
Consolidated Gas Go
Delaware A Hudson Canal...
Oregon Improvement Go

13

137

81%

113% 115

15%
44%

8L
103
104
13
13%
30
30%
21% 24%
9 L
9334

105%

12%

24%
48%

Do
Ohio & Mississippi

83%

10

11134 114

108%

80

*77
78%
100% 10/
10% 10%
28% 28%
29% 30%
07 %
07
43% 4i%
10% 10%
9%
28
28

41

These

,98
82

13

*

pref.

Do

82%
118%

40%

90%

11%

137

130

10
19
118
15
3134 34

10

7

*10%
*7 ‘

7%

80
117

34
10

83%

25
93

15%

Northern Pacific

30
*0

53

10
*15
118
15

19

59%

32%
25%
94%

15%

*

45%
10 >8

*32
10
44

109%

13
32

28%

a

41%

15%

34%

83

27%

Pacific Mail

58
22

1 f'llo 1 1U1.,

10%

44%

72%

35
0

11%
54%
53%
74%
37%

54%

143
123% 125
*13
10

15%

5s
21

10
*15

19
119
10

40 %
92
91

New YorkSusq. Sc Western...
Do
pit f.
Norfolk & Western

Oregon Railway

01

40%
92%

42%

11%

10%
54%
52%
73%

135

qt :(<

22%

34%

07

7%

124

*14%

34
10

29%

7%
135%

111% 113%
147%

124

10

00%

5%
*10%

*142

10%

29%

70
35

37
7

117%

39%

40

bo
*r~> a >—Ti
New York ife New England...
New York Ontario & West....
!

51%

81%

......

Michigan Central

Riohm’d

135
80
117

113%

*80

45%

.

10%
33 %

U%

14i
123
16

22 %

Green Bay Winona & St. Paul.
Do

10%
54

*10%

82%

*58

22

......

45%

10%
54%
52 34
72%

44% 4o%
42% 44%1
42% 44%
107% 107% 107
107
107% 108
50
50
50%,
50
50
50
22% 23%
22% 23%
22% 23
128% 129% 127% 129% 120 34 129%
*20
28
25
25% 25%
25%
59% 59%
58% 59%
58% GO
10% 11
10% 10%
10% 11

4i>%
......

ClevelandOol.Cin.&Indianap.

Columbus Hocking Val.&Tol.
Delaware Lackawanna&\Vest
Denver & Rio G.,assossm’t pd

*6 *

0%
11%

39

44%
Chicago St. Paul Min. A Oin..
Do
pref. *107

*30%

1*30 %

}}3

51%
70%

37

135%
81%
*141
123
*15

10%

54

73%i

11%
*7

{

53

*6

Friday,.
Sept. 2.

.

54% !

*30 %

Wednesday, Thursday,
Sept. 1.
Aug. 31:

j Aug. 30.

11

54%
52%
72%

-Central Pacific

Chesapeake & Ohio

j Tuesday,

Monday,
Aug. 29.

Sales
of the

23% Sept.
54

Ju y

H Ex-rights,

1 64% Jan. 3
28 *72% Jan. 11

THE

September 3, 1887. J

a.!

CHRONICLE.

295

B!)NDS—LATEST PRICES OF ACTIVE BONDS AT N. V. STOCK. EXCHANGE, AND RANGE SINCE JAN. 1, 1887.
Closing.
Railroad Bonds.
Atl. & Pac —W. D. incM 6s,

26*2

1910

82

oa

(is

1908

ion

Oen/lowa—1st, 7s, ’99,

coup,

1

ofl 1

Consol. 7s, 1899, assent
Convert. 7s, 1902, assent

Adjust. 7s. 1903

93

29%
b.

81

Lowest.

Highest

25*2 Feb.

3838 June

82

105%

90
109

Aug.

104% Aug.
90*2 Mar.

a.

98

W\—1st, 6s, 1921.
Michigan Div.—1st. 6s, 1924.

Jan
Juno

A

Minn. <te St. L.—1st, 7s, 1927

94
110
119

San Joaquin Br. 6s, 1900..
Land grant 6s. 1890

<...

May
Jan.
June

118% June
108*2 June

—

b
b

120
109
108

Sinking fund 6s, 1929
Sinking fund 5s, 1929
Sinking fund debent. 5s, 1933

Jan.
Jan.

117
108

Jan.

May *120
Jan

a.jlOS

9S*2b.
108
98

a.

110*2 Mar.
110*4 Mar.
109*4 Apr.

Aug.
July
Jan.

135

Jan.

July 110*2 Feb.
Aug. 12478 May
July 127*2 Jan.

98% Jan.
107

102

Jan.

Feb.

111*2 May
104% June

95% Aug.
69% Sept.

71*2

887a Jan.

69 b. 70
Mar.
91
Jan.
121
118*2 Feb. 121*2 June
79 b.
76*4 Feb.
82% June
72 b.
74
82
Aug.
Apr.
65 %b.
78
65*2 Sept.
Jan.
80 a. 68
Apr.
86% June
35
56
Aug.
Det.Mac.&M—Ld.gr.3%8,1911 40 a. 37*2
May
97
96
£. Ten.V. & G. Ry.—Con.,5s, ’56 97
Sept. 101% Apr.
94 a. 99
Eliz. Lex. & B. Bandy—6s, 1902. 99*2
Aug. 108 Jan.
Erie— 1st. consol, gold, 7s, 1920 132 b. 130^ b. 132*2 Mar. 137
June
Ill
b. 112% June 115
Mar.
Long Dock, 7s, 1893
118 a. 115
120
Con. 68,1935
Jan.
Mar.

99*4

97*2

104% May

85

95*4 May
98*2 May
109*2 Mar.

106
105

2d M., 7s, 1905

West. Division— 1st, 5s, 1931.

93% Feb.

Sept.
84*4 Aug.

86*2*

85*4*

94*4a.

94*4a.

Feb.
June

99

a.

36%
118

Ill

Jan.

109
53

33% Aug.

b. 118

101%

100

107
114

Aug. 125% June
Aug. 106% June

b. 106*2 Mar.
b. 112% Jan.
112*2b. 108
Mar.
113
Feb.
io*5 b. 94 Feb.
72 a. 66*4 Feb.

1st, West. D., 7s, 1891
1st,Waco & N.7s, 1903
2d, consol. M. L. 8s, 1912
404
Gen. mort. 6s, 1921
71
123
a. 119*2 Jan.
Ind.Bl. Sc W.—1st, pref., 7s, 1900 120
88
86
1st, 5-6s, 1909
Aug.
75 a.
75
2d, 5-6s, 1909
Aug.
88
b. 91
Eastern Division—6s, 1921
Jan.
25
23*2 Sept,
Income, 6s, 1921
! 24
Int. & Gt.Nor.—lst,HJs,gold,’lb 113 b. 113 b. 112
Aug.
! 86 Sept.
Coupon, 6s, 1909
j 87%b.i 86
Kent. Centr.—Stamped 4s, 1911;
|
| 64 Jan.
Knoxv. <fcO.—1st, 6s, gold, 1925
92 a.| 92 l>. 91
Aug.
LakeSh.—Con.coup.,lMt,7s,1900 124 ^ 1>.jl‘^A b. 124 Aug
Con. coup., 2d, 7s, 1903
il22**b. 122%b.%22*2 Jan.
Long Island—1st, 7s, 1898
i
A20rj8 Mao¬
ist, consol., 5s, 1931
i
.'
;112*2 July
Lou. <fe Nash.—Consul., 7s, 1898 120 a.4 -0
118
Apr.
N. O. *te Mobile—1st, 6s, 1930. 109 a.409 b. 105
Jan.
2d, 6s, 1930
| 98 aj 97 b.‘ 9078 Jan.
E. H.&N.—1st, 6s, 1919
112*2b.412 b. 112 July
107
Jan.
General, 6s, 1930
110
(110
Trust Bonds, 68, 1922
408% 1107%
104*2 Jan.
10-40,68,1924
I
I
'98
Jan.
Lou. N. A. «fe Ch.-1st, 6s, 1910.410*2
!
109
Jan.
Consol., gold, 6s, 1916
! 95 a,I 94*2
93
Apr.
Mem. & Ch’lston—6s,gold, 1924 103*4a.|
100
Aug.
Metro. Elevated.—1st, 6s, 1908. |1I6%a.
116 July
2d, 6s, 1899
j 108 %a. 108%a.! 10778 July
Mexican Cent,—New ass. 4s
j 71*4b.! 51 Feb.
Incomes, 3s, 1911
! 22 a., 21*2 I 20 July
Mich. Central—1st, con.. 7s, ’02 120 b. 127
126*2 Aug.
Wiss’riPac.—1st, cons., 6s,1920 114*2b. 114 b. l 14% Aug.
3d, 7s, 1906
1122 a
i 121
Juno
Pac. of Mo.—1st, 6s, 1808
100*2b. 100*2b. 100*4 Aug.
2dmort.,7s, 1891
j.,
1105*2 July
‘

110

Feb.

119% May
119*2 May

1119% May
112
May
79% May
124 *4 Feb.
99
May

89*2 June
I

9S*2May

i

347s Apr.

1122
I 98

Mar.
Feb.

78

July

!

100 Jan.
June
129
426*2 May
124

Mar.
Feb.
121*2 Feb.
115

113% Juno
99*2 May
117

% May
114*2 May

“

109
103

May

99
107

June

Apr.
115*2 May

May

1120*2 May
113

>

;

Apr.

75% June
27% June
131
Apr.
119

426

Apr.
Apr.

105

Jan.

,110*2 June
ST.ITK

SECURITIES.

1

Alabama—Class A, 3 to 5
Class B, 58
Class C, 4s
r.

1906
1906
1906
6s, 10-20
1900
Arkansas—6s, funded.. 1899-1900
7s, Little Rock A Fort Smith, iss.
7s, Memphis & Little Rock, iss..
7e, Arkansas Central RR
Georgia—7s, gold
1890
Louisiana—78, cons
1914
Stamped, 4s

Michigan—7s

1890

Bid.

Ask. [

,

103

106
104

Ore.

102*2
6s, loan...

ibo“
8478
106

:

i
.

b. 109

b.
63
111

125% Jan.
107

108 %b

Dividend bds, 6s, 1894.
St. L. Ark. A Tex.—1st, 6s, 1936

80
123

May
Apr.
Jan.

128*2 Apr,
110

Jan.

..114

123
119

102

106
114
108

Feb.
Feb.
Jan.

a.

99
55
113

b.
b.

44*2

May

Apr.

Jan.
112*2 Apr.
111*2 Apr.
50*2 May

112
May
Jan.Aug. 106
Aug. 104*2 Apr.

Mar.
Mar.

115*2 June
Feb.

112
77
115
114
120
117

Apr
June

Apr.
Mar.

Apr.
108*4 June 112*2 May

100*2 June 104*8 Mar.
99
Aug. 108*2 Apr.

65
113
a. 108*2a. 110
b. 105*2b. 105
a.
35

42

111

35
July
917g Mar. 10278 May

Aug.
110*4 8^pt.

102%**

99*4

Jan.
Feb.

Jan.

100*2

97*2

July

b. 108
99
96
110
108
60

10178b.

108
107
45

Fob.

99

107*2 June*

il3*ab.

a.

Aug.
July

b. 106*2 Jan.
b. 100
July

110*4

65

Jan.

b.[ 114*2 Aug.

July
Aug.

75
116

Fob.

11238 June

May

108
48

Jan.

Apr.
June

Jan.
June

96*2 Aug. 1023s Apr
41*4 Sept.
55*4 Jan.
108*4b. 103
Jan.
Aug. 115
b. 113*2 0. 109
May 114*2 Mar.
b.| 96*2
93
99
J uly
Jan.
1112 b. 113
July 115*2 Jan.
1113
113
6s, Class B, 1906
July 117
Apr.
113
6s, Class C, 1906
113
July 117*4 Apr.
113 b. 113*4
Gen’l mort., 6s, 1931
108*2 Feb. 115
May
Gen*l mort,, 5s, 1931
99‘43b. 98*2 July 101*2 June
(100*2
So. Pac., Mo.—1st, 6s, 1888... 100 *2b. 100%
100
July 104*2 Jan.

2d, 6s, 1936

St. L. A Ir. Mt.—1st, 7s, 1892... 109
114
2d mort., 7s, 1897
94
Gen. Ry. A land gr., 5s, 1931.
St. L. A San Fr.- 6s., Cl. A,1906

St. Paul M. A

M.—1st, 7s, 1909.

11238b.; 110*8 Jan.

2d, 6s, 1909

118

Apr.

121
Feb
llS*2a.;l 18
Mar.
115
1st cons., 6s, 1933
114*2
114*2 Sept. 120% May
Do
98 %b.
reduced to 4*28..
Feb. 101*2 May
Shenandoah Val.- 1st, 7s, 1909
109
Jan.
May
Gen’l mort., 6s, 1921
Mar.
55
43*2
May
So. Carolina—1st. 6s, 1620
96*4 b.
May 107*2 Jan.
69 a.
2d. 6s, 1931
70 a.
80
Jan.
May
Inc,, 6s. 1931
12*2b.
28*2 Jan.
AUg.
So. Pac., Cal.—1st, 6s, 1905-12.. il3*sb.
110*8 Fel>. 115
July
So. Pao., Ari.—1st, 6s, 1909-10..
112
110
Feb.
Apr.
So. Pac., N. M.—1st, 6s, 1911.
49
Tex. A Pac.—Inc. A Id gr, 7s. *15
51
47 " Aug.
66*2 Feb.
Rio Grande Div.—6s, 1930
68
Feb.
0.)*ab. 64
78*2 May
62
Gen. mort. A term., 6s, 1905..
62
72
Apr.
Aug.
Tol. A.A. A N. M.—1st, 6s, 1924
98
97 a.
100
89
Jan.
May
Tol.A.A. A Gr.Tr.—1st, 6s. 1921 104 a.
Jail.
103
109% June
Tol. Peer. A West—1st, 7s, ’17
101
Jail.
112
a. 104
Feb.
Tol. A Ohio Cent.—1st, 5s, 1935
94 b.i 94 b.
95
Jan.
99% Jan.
To!.St LA Kan. C.-lst,0s. 1916 9n*411.!
! 95
97% June
Aug.
116 b. 116 I) 114
Union Pacific—1st, 6s, 1899
Jam
119% Mar.
103 *2b. 103*2b. 102
Land grant, 7s, 1887-9
Jan.
103*2 May
Sinking fund, 8s. 1893
L15*2 ill!
Feb.
b.jlll
Srpt. 120
Kan. Pacific—1st, 6s, 1895
110
Aug. 115 May
1st, 6s, 1896
110
|
i
Aug. 115. Mar.
Denver Div.—6s, 1899
117 *4 Apr.
*115 b. 116 b. l 14
Jail.
1st consol, 6s, 1919
103
102
Aug. 109
Apr.
1102
Oregon Sli. Line -1st, 6s, ’22.. 100 a.* 99*2 I 97*2 Aug. 107*2 Jan.
J
% ! 95 Apr. 99 Jan.
Virginia Mid.— Inc.. 6s. 1927....
Geu’l mort., 5s, 1936
’a.
80
Sept. 90 Apr.
Wal). St.L. A Pac. - Gen., 6s, ’20
a.
53 !>.; 49
Jan.
60*4 May
89
Feb.
Chicago Divison—5s. 1910
104% May
97
82
Wabash—Mortgage, 7s, 1909..
Aug.
May
Tol. A Wab.—1st, ext., 7s, *90
110*4 Jan.
117*4 May
b 106
116
1st, St. L. Div.. 7s, 1889
Jan.
May
99
a. I
Jau.
108
2d, extended, 7s, 1893
99
May
82
l>.
84
Mar.
99
Con., couv., 7s, 1907
May
Great West.—1st, 7s, 1888
114
J an.
b. 109
117*2 May
98
b.
98
2d, 7s, 1893
Aug. 107
May
St.L.K.C. AN.—R.eAr.,7s,’95.
ar.
M
109
112*21).
114% July
West Shore—Guar., 4s
99 *2
98*4 Aug. 104% June
..

...

■

.

*

.

_

j "82*217.1

BOND*.
Bid.

1

Ask.

18901 104

or

1892
-1895
1892
1893
J&J
1900
1898

no
112
115
118
35
10
15
7

12 %

Special tax, Class 1.
1910
1919

122

Bid.

SECURITIES.

Ask

Rhode Island—6s, cou.. 1893-1804
South Carolina—6s, uon-fund.1888
Brown consolidated 6s
1893

Tennessee—6s, old
1892-1898
Compromise, 3-4-5-Gs
1912

.....

New settlement—6s
5s
3s

1913
1913
1913

106

102*2
70*4

12

Virginia—6s, old
6s, consolidated bonds
97%
6s, consolidated, 2d series
125

1

6s, deferied, trust rec

fcOTE—The letter “ b’4 indicates price bid, and “ a” price asked; all other prices and the range are from actual sales.




62
117

99*ea. 100 b.
97*4
96*4

.

Chatham RR
85

110

Debenture, 6s, 1927
Roch. A Pitts.—1st, 6s, 1921...
Consol., 6s, 1922
Rome W. A Ogd.—1st, 7s, 1891.
Consol., extend., 5s, 1922.
St Jo. AGd.Isl.—1st, 6s, 1925
2d, income, 5s, 1925
St. L. Alt, A T.H.—1st, 7s, 1894.
2d, M., pref., 7s, 1894
2d., M., inc.,7s, 1894

.

11

106
101

a.

Peo.Deo. & Evans.—1st, 6s. ’20. 110
Evansv. Div—1st, 6s. 1920...
Rich A All.—1st, 7s, 1920, tr. rec
Richm. A Dan.—Cons., 6s, 1915

due 1889

;

70

78*21). 75*2 Feb.
86*8 May
115*8
114% Jlllv 118*2 Apr.
103*2
103*4 Sept. 107*2 Mar.

..

R.&Nav.Co.—1st, 6s, 1909

Aug.

79% Aug.
8934 Apr.
107*2 Aug. 113*2 Jan.
108% Feb. 114
Apr.
104
May 107*2 Aug..
47
66*2 Mar.
Aug
S3
89
Aug.
Mar.
125% Aug. 131
Apr.
103
Aug. 107*4 Apr
131% Aug. 137
May
106
Mar. 110% June
128*2 May 133*2 Apr.
85
Jan.
101*2 May

-Jl09

Consol., 5s, 1925
Oregon ATransoon.—6s, 1922..

A ug.

j 106

i02 b.l 103 b.
Southern—1st, 6s, 1921.
35 7a
2d,inc., 6s, 1921
Oregon Impr. Co.—1st, 6s, 1910 '*92%*' 96

SECURITIES.

(Missouri—6s

11*2'

Springfield Div.—7s, 1905

Ohio

Jan.

May
May

1*14

2d, consol., 7s, 1911

93*2 June 100*8 Jan.
92*8 Jan.
92*4 Feb.

2d, 6s, 1931
Gr’n B. W. «fe St. P.—1 st, 6s, 1911
2d income 8s, 1911
Gulf Col.&San.Fe— 1st,7s, 1909
Gold, 6s, 1923
Henderson Br.Co.—1 st. 6s, 1931
H. & Tex. C.—1st M. L. 7s

1st refunding, 5s, 1937
Midland of N. J.—1st. 6s. 1910 107
N. O. Pacific—1st, 6s, 1920
78*2
North.Pacific—1st,coup.,68, ’21 L14%
Gen’l, 2d, coup., 1933
James R. Val. - 1st, 6s, 1936..
N. Pac.Ter.Co.—1st, 6s, 1933... L02*aa.
Ohio & Miss.—Consol., 7s, 1898.

119*2 June

91

Aug.
.

122
Apr..
121
May
133
Jan.
90
Jan.
102* 2 Apr.

Sept. 1105s Feb,
69
Fob. j 77
Apr.
91*2b. 90*2 Aug. j 96*8 May
11 L
107
Au*'. ’115*2 May

N.Y.Sus.AW.—Deb., 6s ,’9 7, cp. ofl

July 109 Jan.
July 108 May
101*2 July 105% May

130
108

..

N. Y. Ont. & W.—1st. 6s. 1914.. 108*2b. 100

103
103

103
b. 130
b. 107
119*2
118
123

25-year debent. 5s, 1909

Chi. R. I. & Pac.—6s, coup. 1917.
108 a
Exten. & col. 5s, 1934
Cb. St.P..M.& O.—Consol. 6s. ’30
St. Paul <fc 8. C.—1st, 6s, 1919 1*25 "b”
Ch.St.L.A Pitts.—1st,con. 5s, ’32
C. C. C. <fc Ind.—Gen. 6s, 1934
i’08*sa.
Col. Coal & Iron—1st, 6s, 1900.. 100 a.
Col. H. Val. <fc Tol — Con. 5s, ’31 70*2
Gen. gold, 6s, 1904
Denver & Rio Gr.— 1st, 7s, 1900 i*20*‘"
1st con. 4s, 1936
8b%
Den. & R. Gr. W.- 1st, 6s, 1911.
*68**“
Assented
Den. 80. Pk. & Pac.—1st, 7s, ’05 80 a.

N.Y.L.E.&W—2d con. 6s, 1969
Funded coupon, 5s, 1969. ..
Ft. W. & Den v. C. - 1st, 6s, 1921
Gal.Har.& San. Ant.—1st, 6s,’10

.

■

138*2 May 142
127*2 Sept. 133

a‘j

Highest.

Feb.
Jan.

114

1130
81

Jan. 1.

since

Lowest.

(118

b.i 115

..

.

113*s Aug.

112
135

Imp. <fe Equip.—6s, 1922
92
K.&Tex.—Con., 6s, 1920... 91
80
80
Consol., 5s, 1920
109
Consol., 78,1904-5-6
107*2b.
Mobile & Ohio—New, 6s, 1927
107 *i>*.
1st, Extension, 6s, 1927
*42 b.
1st pref. debentures, 7s
Mutual Un. Tele.—S. f., 6s, 1911 84
Nash. Ch. & St, L.—1st, 7s, 1913 ,120 b.
j 120
N.Y. Central—Extend., 5s, 1893 102
102 b 103
132 b. 132
N.Y.C.&H.—1st, cp.. 7s, 1903 132
Debenture, 5s, 1904
1
406 b.
N.Y.&Har.—1st, 7s, 1900....J131 b. 131
N.Y.Cluc.&St.L.—1st, 6s, 1921..! 97 b.: 97*
2d mort., 6s, 1923
j
I
N.Y. City&No.—Gen., 6s, 1910
63 b. 657;
N.Y. Elevated—1st, 7s, 1906
I
418 b.
N. Y. Lack. & W.—1st, 6s, 1921. 122 b. 123
108 a. 107
Construction, 5s, 1923

83% Jan. 105
June
98%
97% Aug. 100
June
111
b.i 110
Jan. i 116
Feb.
105 a.; 99
Jan. 1106*2 May

1st, 80. Min. Div — 68,1910.... 113*2b. 114*2
1st, Chi. & Pac.W.Div—5s, ’21 101 a 104
102 b.
Wis. & Min. Div.—5s, 1921
102%b.
Terminal 5s, 1914
Chic. & N. W.—Consol. 7s, 1915
130 a. 127*2
Gold, 7sr 1902

117*2bJ

Mo

b. 114*2b. 113*2 Feb. 1118% Mar.
116 jJj.J 111*2 Feb. |116
June
105
j 100 July ;105 Mar.
112
Mar. 115
June
Ches. «fe O.—Pur. m. fund 6s, ’98
71
Jan.
May ! 81
6s, gold, ser. B, 1908, coup, ofi 74*2b. 74*2
68*gb. 68
71
b.
Exten. coup., 4s, 1986
May j 75*4 Jan.
20
b.
21
b.
20
Aug. i 32 Jan.
6«, currency, 1918
97 a.
Mort. 6s, 1911
1 94 Aug. 100 Feb.
Feb. 1108*2 June
Ches. O. &So. W.— 5-6s, 1911...
104*2 Jan. 107*2 Mar.
Chic.Bur. & Nor.—1st, 5s, 1926. 103 b.l
105
101*2 Aug. 108*2 Apr.
Chic. Burl. & Q.—Deb. 5s, 1913. 105
97
June
99
Jan.
Denver Divis., 4s, 1922
1 96 b.
100
b.
98*2 Jan. 103*2 June
Chic. & Ind. Coal R., 1st, 5s,’36j ...
Cli.Mil.A St.P—1st, I.&M.Ts,’97,116 l). 117 b. 118% July 122*2 Jan.
127 *ca. 127*2 b. 126*2 Aug. 130% June
Consol. 7s, 1905

Central Pacific—gold 6s, 1898.. 115

Range

j
Mil. Lk.Sh. <fe

95*2 Jan.

80*2b. 80
80
Aug.
105 %b. 105 b. 104*2 Aug.
115%b. 114 b. 107*2 Jan.
109
Jan.
115%b. 114
108%b.
105*4 Jan.

Convert, deb. 6s, 1908
Interim bond certificate
Le’h& \V.B.,cou.7s, 1909,as’nt
Am. Dock <te Imp., 5s, 1921. ..

Closing.
Railroad Bonds.

Aug. 26 Sept. 2

Guar., 4s, 1937
Car. South.—1st guar., 5s,

Range since Jan. 1.

11

CHRONICLE.

THE

296

Latest

New York City banks.—The following statement shows the
condition of the Associated Banks of New York City for the
week

IVOL. XLV.
Earnings Reported.

Roads.
Week

ending August 27, 1887:

or

Ho

1887.

Jan. 1 to Latest Date.

1886.

1887.

1886

$

Det.BayC.A Alp. July
Det.Lans’gANo. 3d wk Aug
E.Tenn.Va.AGa. 3d wk Aug
Evans. AInd’plis 3d wk Aug
Evansv. A T. H. 3d wk Aug

Average Amount of—
Banks.

Loans and
Discounts.

$
10.817.000

New York
Manhattan Co
Merchants’

8.381,000
6.714.100
7.926,000
10,947,200
3.103,000

Net Deposits

Legal

Specie.

other

lenders.

$

than U. S.

$

1,807.000
1,768.000
707.500
1.307,000

$

845.000

279,000
827,3061
2-i.l OOi

r

6,448,100'

393.500!

677.000

175,600:

2,o72.*00

3,483,600
357.700

314.000!

3,080,000

Fnlton
Chemical
Merchants’ Exch.
Gallatin National.
Butchers’ & Drov.
Mechanics’ & Tra.
Greenwich.
Leather Manuf’rs.

1.391.700
18.991.500

337.800
6.224.500

3,2? 6,500
5.133.700

623.100

331.800

1,021,700

316,800,
86,100

Seventh Ward
State of N. Y
Americ’n Exch’ge.

1.366 800

8.493.500

City

Tradesmen’s

1.857,000
1,851.000

1,206,800
3.40\700

3.786.100

16.498.000

Commerce

17.140,r00

Broadway

Chatham

5,< 93 60
7.4 29, f 00
2.386.600
8 108.700
4.962.400

Peoples’

2,053.800

Mercantile
Pacific

Republic

76.COO

230.000

136.200
557,000

113,3001
140.800

261.800
5-0,000

94.700
212.800

1,448,000
2,810.700

855.200
1.342,0* 0
542,000
1.794.500
886.000
189.200

2,946,000

500.700
3,133,800

Irving

2.94 6,000

660.900

Citizens’
Nassau
Marker
St. Nicholas
Shoe & Leather...
Corn Exchange...
Continental
Oriental
Importers’ <fc Trad.

2.774.700

North America....
Hanover

10.691 600

Park
North River
East River
Fourth National..

2.6 i 0.800

2,863.000
l,954.w’0«f

2.901.000
5.995, v 00
4,317,'"00
2.149 100
18

076.200

16.288.500

2.097.100
1.112 200
17.993 000

Central National..
Second Natioi al..
Ninth National....
First National
Third National
N. Y. Nat. Exch...

7,759,000

3,313,1 00
4,8 38,000

19,762,*00
4.641.600
1.484.500

Bowery

N. Y. County

2.315.000
2.211.200

German-Americ’n.
Chase National....

2.597.400

Fifth Avenue
German Exch’nge.
Germania
United States
Lincoln

5.528.200
3.554.200
2.206.600
2,458 500
3,208,:-00
2.3-5,900

539.300
325,000
635.600

124.300
4.282.300
4,56X.5 O
109.v00
169.00*1
3,896.4**0
960.000
773.000
884,5* 0

3,766.00"
1,010 000
184.900

"2*600

2,907,000

310.1 00

3,094 200
2.6-3.0"0

6*8,000

1.750.300
3,057,000
5,3* 8.00*1
4.779.900

205.100

1.950.100

277,000,
258.600
.

1.202,000
1.177,14 00

975.400' 19,034.700
201,000

41,000
45,000
429.100

1.073,(00

8,011 ooo;
3,9i8 000?

312.700
1.138.200

18.590 O00

4.992.10*''

5.915.600
3,749,. 00
2.648.200

77,iOO

3,623,90U

536.400

141,500
99.700
125.700
166.900

2.819.400
2,0 5,600
1.570.900

276.900
902.600
502 000
3* 9.700

320,000
355.300

4.086.700
2,273.00**
1,972,2* 0

234,000
132,70**
184.600

2.120,000
3.231.500

588.100

348,435,000 68,693,300 22,643,100 345,482,700

Latest
Week

or

Earnings Reported.

Mo

1887.

1886.

$

Allegheny Val

July
July

.

Atch. T. A 8. F
AtlautaAChar..
Atlantic A Fac.
Balt. & Potomac
Buff.N.Y.A Phil.
Bufi.Roch.APitt
.

June
3d wk

July

3d wk
3d wk
Bur.Ced.R.ANo. 3*J wk
Cairo V. A Chic 3d wk
Cal. Southern.
:3d wk

tCamden A Atl’c July
Canadian Pacific 3d wk

Cp.F’rA Yad.Val July
July
J"iy
May

Central of Geo..
Central Iowa...
Central Pacific
Charlest’n A 8av
Chesap. & Ohio.
Kite. Lex.aB.h.
Ches.O. & 8. W.
Chic. A Alton...
Chic A Atlantic
Chic. Burl. & No.
Chic. Bur. A Q..
Chic A East. Ill.
Chic. Mil.ASt.P.
Chic. A N’thw’n.
Chie.St.L.APitts
Cbic.St.P.M.AO.
Ohio. A W. Mich.
Cin. Ham.A D..
Cln.Tnd.St.L.AC.
dn.Jack.AMack
.

Cm. N. O. aT.P.
Ala. Gt. South.
N Orl. A N. E.
Vicksb. A Mer.
Vices. 8h. A P.

Erlanger 8yst.

din. Rich. A Ft. W.
On. Wash. A Bali
Oev.AkronACol
Oev. A Canton
Clev.Col.C.A Ind
Clev. A Marietta
Col. A Cin. Mid.
Col. Hock.V.AT.
Col. A Rome
.

Dnnb’y ANorwk
Denv. A Rio Gr
Deny. A R. G. W.

35,100
385,832

93,744
141,446

Aug
Aug

22,9261

5,721
20,752
39,4 93
14,090
9,641
59,621

118,212
740.264

2,457,594
111,152
480,664
1,367,943

147,197
530,552
1,630,967
.

652.196

407,106

232,387

625,628

408,007

48,098 1,452,758 1,229,184
356,529 10,991,949 10,155,923
28,819
190,443

230,222
1,271,467

62,382

1,437,564
6,145,458
68,899

845.538
13,079
66,034

44,542

156,268
1,101,829
1,404,828
5,569,470
93,558
488,780
314,496
896,834

440,426
353,700

123,655
969,193
69,599
39,915

863,025
7,008.482
1,610,619
230,973
15,559!
264,001
40,087! 1,623.130
27,115 1,220,898
4,168'
152,82 i

6,466,305
1,535.907
217,709
125,210
1,457,712
862,871
136,943

88,6 5
8,066

72,419!

462,440

389,723

7,052 i
2,790:

188,807

183,552

3,017
44,927
22,019

43,734! 1,209,628

1,028,597
117,791
2,025,549
2«'7,274
503,359
8,411,900
1,078,140
836,930

16,421
100,508

103.721
44,886

Louis. i.V.ASt.L. 3 wks Aug
Louis v. A Nashv. 3d wk Aug
Lou.N.Al.AChio. 3d wk Aug

67,288
301,915
44,641

Mar. Col. & No. July

109.722
674,524
7,216

142,557

2,166,332

44,172?

225.-22
608,785
266,110' 9,642,153

57,709!

41,167! 1,362,829
105,454 1,030,516
644,530! 4,055,727
2,511
29,695
32,252
610,291
27,695
988,177
64,366 2.964.157
47,878!
286,928

31,035
37,676
77,000
36,544
15,643
117.329
123,499
17,6sl

22.5181

150,2301

77,266
13,265

113,459
37,9*7
22,961

118,787
8,141

3,723,065
578.564

769,048

2,303,893
230,854

686.826

658,671
991,072

982.449'

2,124,027! 1,442,662
565,640

381,120

728,970;

687,769

Minn. AN o. West. |2d wk Aug
680,428,
238,325
Miss. ATenn.
July
23,541
233,133!
203,932
Mobile A Ohio. .'July
170,*i91
155,027 l,289,807j 1,125,953
Nash.Ch. ASt.L. July....
258,877
215,25r> 1.713.157 1,296.058
N. Y.Cen.AH.R.. July.£
2,779,198 2,677,626 19,504,923 17,590,238
N. Y. City & No. Wk Aug 13
13,057
11,793
344,4 8
323,677
cN.Y. L. E. A W July
1,782,991 1,596,195 11,295,129110,119,978
N.Y.Penn.AO. July
512,072
572,311 3,356,433; 3,415,349
N.Y. A. New Eng July
337,257
345,502 2,297,155 2,136,330
;
N.Y.Ont. A W... 3d wk Aug!
37,113
929.587?
32,867
832,807
N. Y. Sus. & W.. July
118,967
97,841
735,666;
601,628
Norfolk A West. 3d wk Aug
90,933
77,773 2,479,211 1,908,230
33,006
N’theastrn(S.C.) •Tune
30.460
280,8781
287,459
Northern Cent’i. July
536,336
449,461 3,617,929 3,031,862
Northern Pacific 3d wk Aug
274,24*
245,989 7,463,0* >3 6,831,383
Ohio A Miss
3d wk Aug
100,682
101,202 2,503,648: 2,354,923
Ohio Southern. July
41,908
34,906
311,406
261,487

222,600
180,000

..

45*,666

•

45,000
46,000
45,000
133,900

43,200
170,000

8,073,800

Oregon Imp. Co. July

379,377
301,606 2,183,779* 1,541,127
405,300
421,881 2,686,209 2,753,194
Pennsylvania... July
4,654,370 4,356,677 3l,025,o94;27,606,841
Peoria Dec.&Ev. 3d wk Aug
17,940
19.461
529,886
472,468
June
29.874
Petersburg
27,836
183,208?
193,176
Phila. A Erie.... July
386,976
323,497 2,251,377 1,991,207
tPhila. & Read’g duly
1,824,657 1,832,675 11,979,155 10,559,020
Coal & Irou Co July
1,778,439 1,29. ,170 9,424,485 7,728.239
Pitts. & West’ru July
171,190| 145,0.*1 1,079,585
823,192
14,592
16,125
F’rtRoyalAAug. June
168,591
156,446
P’rtRoyal&W.C. June
16,082

Jan. 1 to Latest Date.
1887.

1886.

$

997,602
8.244,478

Rich. Ter. Co.—
Rioinu. A Dan.
Va.Midl’d Div
Char. Col. A An.
Col. A Gr. Div..
West.No.C.Div
Wasli.O. AW..
Ashv. A Spar..
Rich. APetersbg.
Rome W. A Og.
St. Jo A Gd. Isl
St. L Alton AT. II
Branches
St. L. Ark.ATex.
St.L.ASan.Fran.
St.Paul A Duluth
St.P.Min.A Man.
Scioto Valley...
Shenandoah Val.
South Carolina..
So. Pacific Co.—
Gal 4.1.AS.A.
Louis
«est.

551,692
882,544
747.476
1,624.346
1,640,112
395,810
416.861
312,262
5,778,690
119,416

3,039,241
698.402

4.368,098

31.687

262,919

248.787

322,799
67,112

2,060.111

1,819,818

483.741
825,797
3,964,931

393.476
730,268
3,522,328
U32.769

14,455j

.

8 3 (.>,845

4,715,503

122,607

.

Minneap.ASt. L.'June

2*6*1* (* 66

717,190
637,484
38.546
32,365 1,322,658
Aug
Juno
202,637
1,270,285
June
5,140,833 2,148,532 13,276,107 11,523,359
3d wk Aug
47,550
44,964 1,240.382 1,053,133
3d wk Aug
444,528 14,303,472 13,947,474
425,000
5,249,484 2,146,493 14,049,321 12,926.092
July
142,032 3,172,116 2,568,2 >8
167,357
4thwkJuly
561,486
493,863 3,556,717 3,184,760
July
3d wk Aug
865,208
27,615
27,070
855,705
1st wkjuly
70,121
65,565 1,597,308 1,369,172
3d wk Aug
50.536
52,180 1,637,546 1,574,739
3d wk Aug
7.202
271,972
10,667
244,701
3d wk Aug
53,957 2,007,267 1,704.552
59,643
31 wk Aug
26,468
908,480
21,332
687,779
3d wk Aiu
7.110
357.512
385,543
8,036
3d wk A ug
296,782
7,767
7,782
292,746
3d wk Aug
293.742
7,958
250,784
7,725
3d wk Aug
98.159 3.891.814 3,293,373
109,639
3d wk Aug
247,020
8,8 9
8,046
229,74 2
3d wk Aug
39,345 1,299,777? 1,184,574
44,587
3d wk Aug
348,174
11,703
336,416
10,818
201,538
193,575
32,669!
29,* *35
July
June
335,741 2.039.420 1,819,228
374,448
3d wk Aug
6.055
185,775
172,661
4,82 :
3d wk Aug
197,1*5
8,047
6,726
187,263
198.116
1,444,022 1,178.796
206,481
July
June
4,439i
30,737
30,140
2,416
19.501
8..,600
18,239!
80,383
May.
4th wkAug
231,000
189,119 4.937,037 4,104,662
3d wk Aug
643,908
25,225
21,975
610,731

And brandies.




June
Juno
June
June
June
3d wk

4.019

270,059
703,964

Oeg. K.A N. Co July

165,436
161,08 4 1,109,867
.,528,823 1,303,110 10,620,458
84,140
72,746
595,786
46,544
36,711
1,706,679
Aug
117,254
114,006
818,644
67.10./
Aug
61,600 1,705,694
29.784 1,236,103
41,058
Aug
52,899
59,435 1,726,183
Aug
20,748
468,946
16,220
Aug
31,616
23,034
909,928
Aug
117,021
360,289
97,733
220,000
204,000 6,477,091
Aug
19,J09
14,542
142,777
422,409
395,728 3,160,343
716,535
99,319
99,956

991,140 1,021,785

Aug

Memphis AChas. 3d wk Aug
*Mexican Cent’i. 3d wk Aug
*Mex.N. (N. Div) July
do
(So.Div* 3d wk Aug
do
all lines July
Mil.L.Sh.AWest. 4tli wkAug
Milwaukee A No 3d v k Aug

RAILROAD EARNINGS.
Hoads.

Aug

25,* 34
44,699
34,193

Aug

Mar.Hough. A O. 2d wk Aug

2,828,000

547.900

10,200
63,318
50.500
124,018
965.369
67,203

38,480

Louisv.N.O. AT.'July
Manhattan El.. J June

0.800

77,940! 3,(*70,729

51.009

July
Juno
2d wk
2d wk
2d wk
June
3d wk
3d wk
3d wk

Louisi’a A Mo.R May

987.100
4

3d wk Aug

94,392
6,278
18,808
48,810
14,349
15,831

374,011
f-3,098
209,08
64,218
841,351

Aug

Aug
Lehigh A Hudson July
Long Island...^ 4tli wkAug

45,000

81*6*00

1.279.700
2.247.300
2.813.400
2.308,* 00

Kingston A Pem

447*000

360.000
45,000

4.6-9.700

Kentucky Cent.

435,800

2,215,900;
1,0 *3,60**

1.316.500
466.600

Keokuk A West.

45,000
40,700
45,000

20,071.200

102,700?
,

’42,200

971.600

19.855.600

151.900!

45,000
858.600

Ind. Bloom. A W.
Ind Dee. A 8pr.
Jack. T. & K. W.
K.C.Ft.S.AGulf.
Kan. C. Sp. & M.
Kan. C.Cl. A Bp.

uLakeE.AWest.

138,000!

303.700

1.80 4,600

534,900
44,000

45,000

172,800

79,700'

Ul.Cent.(Ill.A8o) July
Cedar F.&Min. July
Dub. ASioux C. July..
Ia. Falls &8.C. July
Tot. Iowa lines July
Total all lines. July

81,700

4,514,000
2.386.200

3.341.500

75.400
253,60*
73.400

1.498.600

Total

265,300

1,960.000
1,202,800
2.664.600

12.273.200
3.032.000

398.600
1,259,000
947.500

Garfield

1,768.330
1.940.600
5,761,c 00

l,ft05,V00

666.5001

329 000
688.200

Fifth National
B’k of the Metrop.
West Side
Seaboard
Sixth National....
Western National.

3.453.500
2,012 000

523.700

250.2001

234.000
134,' 00
243,300
158.200

144.300
167.100

3,700,6**0
4.113.700

3.274.100

126,3* 0

214.900
obO.OOi)
713.300
522,000

Gulf Col. AS. Fe. July.
Hous.ATex.Cent 3d wk

22,432*

10**,569

Wk Aug 20
June

...

Gn.Bay W.ASt.P

90.000

1,232 ooo; 13.014.00o
l,055,70u 11,826,600
305.600,
4,666,000
523.200
7.265.200
1*8,100! 2.602.700
329.100!
8.727.300

97,500'

Grand Trunk

9,625,000

1.343.600

292.100

Georgia Pacific.. July
Gr. Rap. A Ind.. 3d wk Aug

45,000

261,000

193.1 00?
2,11^,300
1,4? 6,5 00
74,4( 0
377.600 20,192,300

428.200

45,000

8,252.000;

1.422.300

America
Pbenix

Flint A P. Mara. 3d wk Aug
Fla.R. &Nav.Co. 3d wk Aug
Ft.W.ADen.City 3d wk Aug

$

10,240.000

6.289.600
8.604.400

Mechanics’

Circula¬
tion.

51,350
24,555

305,37o!

July
July

133,797!

July

July
July
July
July

.

;

June
June
*
3d wk Aug
3d wk Aug
3d wk Aug
3d wk Aug |
3d wk Aug!
3d wk Aug

55,2231
29,94* |
55,990
9.500
6,200
20,03h
271,965
20,888
28,567
IH.900

July

45,008
129,220
34,503
621,344

June

63,489

July

71,690

June

61,618

286,598

125,521
49,246
28,219
43,068
.9,600

3,400
17,191

232,101
*5,045!
24,723
16,98i |

2,272,524
888.783

2,175,897
817,827

434.044
2 4,535

426,053
334,848

385,051
59,100
28,4U0
114,424
1,382.865

283,211

661.312

835,? 40
540,975

32,797* 1,347,622
104,138! 3,570,682
34,767;
936,162
571,52b* 4,075,453
50,525
66,129
62,419

53,200
15.930
104,736
1,246,854
701,543
749.817
441,238

978,179
2,736,892
819,928

3,519,044

354,010
467,213

299,215
367,743
521,010

532,154

June
201,966 1,558,983 1,233.339
215,713
June.
48,710
300.465
65,718
381,876
Morgan’s Lo.T June
262,566 1,942,019 1,972,574
295,0*3
N.Y.T.AM x. June
II,774
12,43e:
64.931
82,516
i'ex. A N. Or
ne
80,081
99,105
579,124
450,949
Atlan’c syst’m Juu 687,333
605,760 4,544,519 4,022,258
Pacific system Ju it*
2,199,928 1,985,969 11,772,696 10,7 6.108
Total
June*:
2,887,260 2,591,7*9! 16,317,213 14,758,366
Staten Is.Rap.Ti July
118,604
430,142
477,8**8
| 123,09a
Texas «v Pacific July
426,120 2,994,975 2,956,151
| 398,137
Tol. A.A.AN.M’b 3d wk Aug
9,842210,456
302,915
11,976
Tol. A Ohio Cent. 3d wk Augt
609,551
13,729
470,670
17,“69
J ol. P. A West.. 3*1
19.967?
522,703
554,65t*
wkAug
21,019
Union Pacific... [July
2,479,372 2,393,47c* 15,501,264 13,724,535

-

*

.

Valley of Ohio.. July

Wab. Western... 3d wk
Wab. E. of Miss. June
’West Jersey
I July
Wil. Col. A Aug. June

51,162

Aug

Wheeling AL.E. 3d wk Aug
Wisconsin Cent’i

13d wk Aug

Chic.Wis.AM. 3d wk Aug
Min. St.C.A W. 3d wk Aug
Penokee
3d wk Aug
Wis. A Minn.. 3A wk Aug
’

125,333

558,850
19 ',974

45,580
15,718
37,070
10,970
9,015
1 1,993
5.631

53,567
107,537

361,184
3,973,437
3,050,731

536,327
800.485
179,858
45,796
350,387
12,476
448,402
24,4 ,7, 1,270,891
5,558*
379,146
4,727
304,641
3.0S4

322,088

3,357,408
3,010,298
725,497
339,588

181,244

Including branches.

* Mexicau currency,
alucludiug since Feb. 1st in both year* the Ind. Peru A Chic,
t Not including Cen. of N. J.in either year.
Not including earnings of New York Pennsylvania A Ohio.

c

358,102
922.111

150,495

1*08,6*09

September 3,

THE

1387.J
GENERAL

CHRONICLE

QUOTATIONS

STOCKS

OP

297
AND

BONDS.

Quotations in New York represent the oer cent vai le, wti toever t ie par m i.v
The following abbreviations are often used, viz : “ tf.,” for mortgage; “ g.,”

be; other quotati ms are frequently male per share.
far gold; “ g’d,” for guaranteed; “ end.,” for en lorsed; “ eons.,
for consolidated; “conv.,” for convertible ; “s. f.,” for sinking fund; “ l. g.,” for land grant.
Quotations in New York are to Thursday; from other oities, to late mail dates.
Subscribers will confer a favor by giving notice of any error discovered In these
Quotations.
Bid.

United States Bonds.

Ask.

City Securities.

Bid.

Ask.

City Securities.

Bid.

Ask.

UNITED STATES BONDS.

Baltimore—6s. consol., 1890. Q-J 105% 106% Manchester N.H.—6s, 1902.. ..J&J 121
123
4%s,1891
reg.. Q—M 108% 109
6s, Balt. & O. loan, 1890
106%
4s, 1911
Q—J
102% 103%
4*98.1891
coup.. G—M x08% 109
6s, Park, 1890
107% Memphis,Ten.—Tax.Dist. Shelby Col 98
Q—M
100
reg... Q—0 X2478 125*8
4s, 1907
6s, bounty, 1893
M& 9 112
Milwaukee, Wis.—5s, 1891...J & Df 100
112
4b, 1907
coup.. .Q—J 126’6 126%
6s,
do
exempt, 1893:.. M & 8
7s, 1896-1901
Var.i 107
6b, Currency, 1895
reg
J&J 121%
5s, water, 1894
J&J 111%
7s, water, 1902
J&J 108
124
L25
6s, Currency, 1896
6s, 1900
J&J
reg
J&J
Minneapolis—4s, 1906-1916. Various I 90
92%
127
6b, Currency, 1897
6s, West. Md. RR., 1902
126%
reg
J&J
5s, 1893
J&J
Various! 100
105%
129i«
131
M&N 130
6a, Currency, 1898
5s, 1916
J&J
reg
88, 1886-1905, long
135
Variou*t
6s, Currency, 1899
113
reg
J&J 130^
4s, 1920
J&J
4%s, 1916
Various! 100
104
STATE SECURITIES.
Bangor, Me.—6s. RR.,1890-’94.Var.i 106* 110
Mobile, Ala.—3-4-5s, funded..J & J 73
76
Alabama—Class “A,” 3 to 5,1906
104
6s, water, 1905
J&Jl 119% 120% Montgomery, Ala.—New 3s ..J & J 75
80
Class “B,” 5s, 1906
112
110
.'.
6s, E.& N.A. Railroad, 1894..J&Jt 108
95
5s, new
100
Class “C,” 4s, 1906
104
114
6s, B. & Piscataquis RR./99.A&01 L12
100
Nashville, Tenn.—6s, short
101
6s, 10-20, 1900
J&J 100
Bath, Me.—6s,railroad aid
105
Varf 100
6s, long
Arkansas—6s, funded, 1899 ..J&J
12%
5s, 1897, municipal
101% 103
104
Newark—Is, long
106
7s, L. R. & Ft. 8. issue, 1900. A & O 22
106
Belfast. Me.—68, railroad aid, ’98.. 1 104
105
4%s, long
107
30
7a, Memphis & L. R., 1899..A & O
130
Boston, Mass.—6s, cur, long,1905 Varl 128
110
5s, long
111
7s,L. R.P.B.&N.O., 1900..A & O 22
114
6s, currency, 1894
6s, long
Var. 113
120
.Var.i 119
7s, Miss. O. & R. Riv.,1900..A & O 22
116
113
5s, gold, long
Var.i
78, long
Var.i 125
126
14
113
7b, Ark. Central RR., 1900.A & O
111
A&O
4%s, 1908
7s, water, long..-.
123
Var.i 126
7b,Levee of 1871,1900..... J &J
9
107
48, currency, long
New Bedford,Mass.—6s, 1909. A&Ot 130
J&J 106
131
California—6s, funded debt of 1873*
110
111
Brooklyn, N.Y.—7s, 1890
5s, 1900, Water Loan
A.&O 112
114
Connecticut109
103
6s, Water, 1891
N. Brunswick, N. J.—7s, various...1 102
New, reg., 3ias, 1904
125
J&J*
124
6s, Water, 1899
6s
t 95
New, reg. or coup., 3s, 1910
141
140
*
6s, Park, 1924
New Orleans, La.— Premium bonds. 126% 120%
District of Columbia—
152
150
7s, Park, 1915
Consolidated 6s, 1892
Var. 107%
Con8.3-658.1924, cp
134
136
F&A ilS^ 119%
78, Bridge, 1902
111
Newport, Ky.—W%ter bonds 7-30s.. 108
Cons. 3-65s, 1924, reg
119% 119%
154
155
121
7s, Bridge, 1920
New York City—5s, 1908
123
102
101
Funding 5s, 1899
J&Jl 113 *4
7s, Kings Co., 1888
118
120
6s, 1896
Perm. imp. 6s, guar., 1891...J&Jt 109
Buflalo, N. Y.—78,1895
126
Var.t 112
6s, 190 L
128
112ia
135
109
Perm. imp. 7s, 1891
7s, water, long..;
7s, 1890
J&Jt,
Var.t
110
115
125
6s, Park, 1926
Wash.—Fund.loan(Cong.)6s,g.,'92f; HI
M&St
7s, 1896
126
Fund. loan(Leg.)6s,gr, 1902 Varli 127% 128*4 Cambridge, Mass.—5s,
102
132
7s, 1901
1889...A&Of 101
134
Market stock, 7s, 1»92
114
6s, 1894. water loan
J&J 112% 114
131
Newton—6s, 1905, water loan.. J&J 129
Water stock, 7s, 1901
133
117
J&J 115
68,1896, water loan
116
5s, 1905, water loan
J&J 114
do
7s, 1903
130
6s, 1904, city bonds
106
„...J&J * 123
Norfolk, Va.—6s,reg.stk,’78-85.. J&J 100
110
Florida—Consoi. gold 6s
115
J & Jt
Charleston, S.C.—6s,st’k,’76-98..Q-J 88
88, coup., 1890-93
Var. 115
Georgia —7s, gold bonds, 1890. Q-JI05i*
7s, lire loan bonds, 1890....J & J
8s, water, 1901
M & N 125
41*8, 1915
.J&J 104% 105%
110
7s, non-tax bonds
116
Norwich, Ct.—5s, 1907
A&Ol 114
Kansas—7s, long
4s, non-taxable...
88
J&J 120
140
7s, 1905
J.&J 137
Louisiana—New con. 7s, 1914..J&J luO
Chelsea. Mass."—6s, 1897,water loant 117
115
*
119
120
Orange, N. J.—7s, long
84^8 347e Chicago, ril.—7s, 1892-99
Stamped 4 per cent
115%
Oswego, N. Y.-7s, 1887-8-9
1 100
Baby bonds, 3s, 1886
113
F&A 49
6s, 1895
Paterson, N. J.—7s, long
Vai 125
Maine—4s, 1888
F&A 100% i‘06%
116
4%s, 1900
105% 106
121
68, long
War debts assumed, 6s,’89.A& 01 L05
110
IOO
3-65s, 1902
112
105%
5s, long
MarylandCook Co. 7s, 1892
106
115 i
110
4%s, long
100%
68, Hospital, 1887-91
Cook Co. 5s, 1899
102
108
J&J
106
4s, long
101
Cook Co. 4%s, 1900
110
105%!l06
Petersburg, Va.—6s
J&J 107
6b,’ 1890
West Chicago 5s, 1890
102
Id—j
88
J&J 118
3-65s, 1897.....
Lincoln Park 7s, 1895..
106
105
.J&J
8s, special tax..
West Park 7s, 1890....
Massachusetts—5s, gold, 1891. A&O 10.5 106%
109% Philadelphia, Pa.—6s, 1886-’99 J&J 119
5s, gold, 1894
112
South Park 6s, 1899....
j&jf 111
104
105
137%
6s, new, reg., due 1900 & over. J&J 135
5s, gold, 1897
115
M&S 113
Cincinnati, O.—6s, 1897
M&Nt 116
Pittsburg, Pa.—4s, coup., 1913.J&J. 103 104
Miohigan—7s, 1890
M&N 106
7-30s, 1902
I 133% 1*3*4
5s, reg. and coup., 1913
J&J. 116
Minnesota—Adj. 41*8,1911, 10-30.. 102 104
4s, 10-20
J&Jt
102% "68, gold, reg
Var. 120
Missouri—6s, 1888
Southern RR. 7-30s, 1906...J&Jt 135
J&J 100
136
78, water,reg.&cp.,’93-’98...A&O. 128
do
Funding bonds, 1894-95 ....J&J 112
113
115
6s, g., 1906
M&Nt 121% 122%
58, Refunded, 1912...
Long bonds, ’89-90
do
Cur. 6s, 3 909
J&J 104
108
F&A t 123
110
4s,
do
1915
Asylum or University. 1892. J & J 110
do
110
Skg. fd. 5a, 1910M&N t
113% Portland, Me.—6s, Mun., 1895. Var.t 108
New Hampshire—5s, 1892
105
Hamilton Co., 4s
106
J&J
t 104%
121
6s, railroad aid, 1907
M&S 119
War loan, 6s, 1892-1894
110
112
J&J I
Cleveland,!).—7s, 1887
Var.i 100% 101
103
4s, funded, 19 »2-12
J&J 102
War loan, 6s, 1901-1905
J & J 125
127
7s. 1894, funded debt
118
A&O 116
111
Portsmouth, N.H.—6s, ’93, RR. J&J ' 109
New Jersey—6s, 1897-1902... J&J* 125
132
7s, 1896, canal
121
M&S 119
Poughkeepsie. N. Y.—7s,water long! 1*0
6s. exempt, 1896
J&J* 121
125
6s, 1898
Var. 114
115
Providence, R.I.—5s,g.,1900...Jivo t 114% 115
New York-68, gold, reg., ’87...J&J 100%
5s, 1887-89
Var. 100% 101
124
6s, gold, 1900, water loan..J & J+ 122
6s, gold, coup., 1887
J & J 10 u%
Columbus, Ga.—7s
Var. 110
Rahway, N. J.—Old 7s
6s, gold, 1891..
5s
J & j 112
100
101
New adjustment
6s, gold, 1892
A&O 115
Covington. Ky.—7-30s, long
121
Richmond. Va.—6s, 1884-1914. J&J 120
1 114% 116
6b, gold, 1893
Water Works, 1890
A&O 118
109
t
141
110%
8s, 1886-1909
J&J 138
No.Carolina—6s, old, 1886-’98..J&J 35
4s, 1937, new
t 103% 104
104
5s, 1914-15
J&J 103
6s N. C. RR., 1883-5.... J & J
170
110
103
Dallas, Texas—8s, 1904
4s.
6b
do
7 coupons off ....A&O 140
no
10s, 1893-96
115
Var 112%
Rochester, N.Y.—6s
6b, funding act of 1866 1900 J&J 10
100
103
Water, 6s, 1900
7s, water, 1903
J & Jt 140
new
6b,
bonds. 1892-8
J&J 20
Detroit, Mich.—7s, long
101
Var.t 130
Rockland, Me.—6s, ’89-99,RR.. F&A 100
6s, Chatham RR
7
A&O
7s, water, long
Var.t 135
135% St. Joseph, Mo.—Comp’mise 4s, 1901 90
6b, special tax, class 1.1898-9A&U 12
15
Elizabeth, N. J.—New 4s, 1912. J&J 80
83
St. Louis, Mo.—6s, short
Var.t 100
100%
4s, new, cons., 1910
96
J & J
109
97% Evansville, Ind—7s, long. Various..
6s, 1892.
Var.t 108
6s. 1919
A &0 122
Fall River, Mass.—6s, 1904...F& At 125
109
127
110
5s, long
Var.t
Penna.—5s, new, reg., ’92-1902.F&A 114**
5s, 1894, gold
108
F&A I 106
Var.t 102% 103%
5s, 10-20
4s, reg., 1912
F&A 120%
11:>
.F&Af 113
5s, 1909
4s, 1905
J&D.t 102% 103%
Rhode isl’d—6s, 1893-4,
107
125
Fitchburg, Mass.—6s. ’91,W.L..J&Ji 105
St. L. Co.—6s, gold, 1905
coup.. J &J 116
A&Ot 124
....

r

.

..

mmrnrnm

Bouth Carolina—6s,
Brown consols

Non-funa.,1888.

Tennessee—6s, unfunded
Compromise bonds, 3*4-5-6s, 1912
Settlement, 6s, 1913

Settlement, 5s, 1913
Settlement, 38, 1913

Texas—6s, 1892

M&8i
M&Sf
J&Jl

7s, gold, 1892-1910
7s, gold, 1904

6

104
60
69
102
102
70
110
115
130

7
108

104

71%

Vermont—68,1890
J
Virginia—6s, old, 1886-’95....J

& D 107% 109
& J 48
6b, new bonds, 1886-1895.. .J & J 48
6s, consols, 1905. ex-coup.....J&J 47% 49
6s, consol., 2d series
J&J 60
6s, deferred bonds
9
Tax-receivable coups., from cons’ls 32 m 33%
Do
from 10-40s. 28
23%
J&J 631* 64%
Funding bonds, 3s, 1932
10-40s, cp. & reg., 3 to 5,1919.J&J 35% 37

*16%

CITY

SECURITIES.

Albany, N. Y.—6s,long....Various 1
7b

long

118
140

Allegheny,Pa.—So,cp.,

’87-97.. Var. 100
41*8, coup., 3 885-1901....
Var. 100
4s, coup., 1901
...Var. 105

106
105

Allegheny Co., 5s,

101

100
4s, not loan, 5-10s
100
4s, riot loan, 10-20s
100
do
10-20s
101
unded. 5-20s. 1891-1906
103
114
, Ga.—7s
Do.
8b
110
rworks
114
121
Augusta, Me.—6s,
Fund
Augusta, Ga—7s
Various 108
Austin, Texas—10s
115

cp.,

*1905,

Price nominal;




no

1913.J&J§

j&JI

101
101
102
104

118

122

Galveston, Tex.—8s,1893-1909.M&S
5s, 1920
J&D
Hartford, Ct.—City 6s, var. dates..!
Capito*. untax, 6s
Hartford Town 4%s, untax
Haverhm, Mass.—6s, 1889... A&Ot
Hoboken, N. J.—5s, long
6s, long
7b, long
Houston, Tex.—10s
6b, funded
Indianapolis,Ind.—7-308,’93-9, J&Jt
Jersey City—6s, water, long, 1895..
7s, water, 1899-1902
,...J&J
7b, improvement, 1891-’94
Var.
7s, Bergen, long
J&J
Hudson County 5s, 1905
M&S
Hudson County, 6s, 1905
J&J
Hudson County 7s, 1894
Jotl)
Bayonne City, 7s, long
J&J
Lawrence, Mass.—6s, 1894...A& Ot
6s, 1900
A&O
Long Island City, N. Y—Water.7s,’95
Louisville, Ky.—7s, long dates. Var.t
7s, short dates
Var.t
6s, long
Var.i
68, short
Var.i
5s, 1890-1900
M&N
Lowell, Mass.—68,1890, W. L.M&NI
Lynchburg, Va.—6s
J & J
8s

-

Lynn, Mass.—6s, 1887
Water loan, 6s, 1894
Wat^r loau, 6s, ’96
5s, 1905
Macon. Ga.—6s

120

Manchester, N.H.—6s, 1894

late transactions, t Purchaser also pays

aocrued interest.

101
92

104

103
98
114

123
101
103
112
117
124

104
104
113
118
125

45
45
110
106
120
108
119
116
126
114
112

108
125
113
120
118

100
90
100
100
100
100
126
124
114
101

101%
92

100%
105
105
106
128
126

116
103
Somerville, Mass.—5s, 1895..A&Ot 106% 108
115
5s, 1905
A&Ot 113
130
Springfield, Mass.—6s, 1905..A&Ot 128
138
7s, 1903, water loan
A&Of 135
120
Toledo, 0.-7-308, RR., 1900.M & NI 118

5s. 1905

A&O 114

110

4s, 1905

A&O 105

107

RAILROAD

BONDS.

(Bonds of companies consolid’ted will
be found under the consol’d name.)
Ala. Gt. Southern—1st mort., 1908J 114
Debenture scrip, 6s, gold, 1906.. j 105

124
112
111

102%

Ala. N. O. T. &c. 1st deb. 6s.
2d debent. 6s, 1907
:

F&A* 100% 100%,
114
118
115

"

107

J&Jl 112% 114
J In Loudon.

t

5s. 1915
t
6s, 1889
t
7s, 1888
t
8s, 1904
t
Salem, Mass.—6s, long, W. L.A&OI.
5s, 1904, W. L
.'..J&Jt
Savannah funded 5s. consols

106
105% 100
104
108
J & J 124
128

M&NI 113

t

4%s, 1916

116

100

J&J 112
J&J 116

Var..

8s, 1893-94
Var.i
Washington, D.C.—See Dist. of Col.
Worcester, Mass.—6s, 1892...A&Ot 110% 111

112% 114
122
124
123
104
109
101
105

Currency, 7s, 1888
St. Paul, Minn.—4s, 1912

j
i

60
55

Ub’y & Susq.—1st M., 7s, ’88...J&J
Consol, mort., 7s, 1906,guar .A&O
Consol, mort., 6s, 1906, guar. A&O
4.1 legh. Vai.—Gen. M.,7 3-10s.. J&J 117
East, extern M., 7s, 1910
A&O 111
Income, 7s, end., 1894
A&O 19%
4tch. Top. &8. Fe—lst,7s, ’99 J&Jt 120
Land grant, 7s, g., 1902
A&O' 117
Sinking fuud,6s, 1911
J&D* 108
guaranteed 7s, 1909

) Part

being redeemed.

.

J&J&A&Ot

H Coupons

120

on since

116
107
65
60

103%
137

120%
118

*2*6%

122
119
109
123

’69,

298

THE CHRONICLE.
GENERAL
For

QUOTATIONS

Explanations See Notes
Bid.

Railroad Bonds.

Ask.

Atch. Top. & 8. Fe—(Continued) —
A&O
5s, 1909 (1st mort.)
5s, plain bonds, 1920
M&S
4ks,1920
A&O
Florence & El Dor’do, lst.7s. A&O
K.C.Topeka&W., 1st M.,7s,g.J&J

tioo
t 95
t 95
tll2
tl24
income 7s. A&O 1115
do
N.Mex.&8o.Pac.,lst,7s,1909 A&O til 9
Pueblo & Ark.V., 1st, 7s, g.,1903. 1119
Bonora, 1st, 7s. 191Q, guar.. J&J 103k
Wichita&8.W.,l8t,7s,g.,gua..l902 1115
118
Atlanta & Charlotte Air L.—1st,7s
Income, 6s
81
Atlantic & Pao.—1st 4s, 1937..J&J
28 k
W. D. Incomes, 1910
J&J
100
Central Division, old Gs
do
incomes. 1922.
do
acc. Id. gr. Gs.1901
Baltimore &01uo-New 4s
A&O
5s gold, 1925
F&A 109 k
102
East Side 5s, 1925

J&D U10
M&S 1112
g., 1902..M&S J120
do
Gs, g., 1910. M&N L24
ParkersburgBr., Gs, 1919...A&O
Balt.& Pot’c—1st, 6s,g., 1911.J&J
1st, tunnel, Gs. g., g’d, 1911. A&O
Beecb Creek—1st,g’Jd, 4s, 1936, J&J
Bell’s Gap—1st, 7s, 1893
J&J it 8
Belvidere Del.—1st,Gs,c.,1902. J&l; 117
Cons. 4s, 1927..
F&A
Boston & Albany—7s, 1892...F&A it 112
68,1895
J&J jt 112 k

Sterling, 5s, 1927
Sterling, Gs, 1895
Sterling mort., Gs,

*

Boat. Conc.&Mon.—S.F.,6s,’89.J&J t U0k
Consol, mort., 7s, 1893
A&O,1110
Consol, mort., 6s, 1893
A&O tl05
Bist. Hart.& E.—1st, 7s 1900.J&J
1st mort., 7s, guar
J&J
98
Bost.H.Tun.&W. deb. 5s, 1913 M&S
Boston & Lowell— 7s, ’92
A&O till
6s, 1896
J&J tlilk

Warren& Fr’kln,lst,7s,’9GF&A

Bur. C. R.& N.—1st.58,new,’06. J&1>
Cons. 1st &col. tr., 5s, 1934.. A&O
Minn. & St. L., 1st. 7s, guar. J&D
Iowa C. & W., 1st, 7s, 1909.MAS
C. Rap.I.F.& N., 1st,Gs.1920.A&O

103*"

1st, 5s, 1921....A&O
Califor. Pac.—1st M.,4ks, g.. .J&J
2d M., Gs, g., end C. Pac., ’91.J&J
8d M. (guar. C. P.), Gs, 1905. J&J

101

do

do

3s, 1905.J&J
(Atch. guar ).. J&J

Cal. So.—1st t:s
Income Gs, 19^6
M&S
Camden & Atl.—1st, 7s, g.,’93..J&J
2d mort., Os, 1904
A&O
Cons. Gs, 1911
J&J
Canada So.—1st M.,guar., 1908,J&J
2d mort., 5s, 1913
M&S
Cape Fear & Yad. Val., 1 st,6s, 1916..
Carolina Cent.—1st,Gs,g.,1920.J&J
2d, inc., Gs, 1915
A&O
3d, inc., 6s, 1910
Catawlssa—1st M., Gs, 1902...F&A
Cedar F. & Min.—1st, 7s, 1907. J&J
Cedar R. & Mo.—1st, 7s, ’91...F&A
1st mort., 7s, 1916
M&N
2d mort., 7s, 1909, quar
J&D
Cent. Br. U. Pac., lsts, Gs, ’95.M&N
Fund, coupon 7s, 1895
M&N
Atch.& Pike’s P k, 1st. Gs, g. M&N

Atch.Col.&Pac.,l8t,6s,1905(J.—1
Atoll.

J.Co.&W„lst,08,1905.0,—F
Cent, of Ga.—1st.cons., 7s,’93.J&J

126
117

119k

g.,

*

1174

SO

do
do
do

101k

2d. Gs, 1923
Chic. B. & Q.—Cons., 7s,

112
114
122
116
12G

5s,
4s,
4s,
4s,

1231s
125
110

F&A
1903.J&J

112k

do
do
do
do

113
100 %
111

105k

Cons, Gs, n<
4b, (Neb.), 1
Neb.RR.lst
Om.& S.W.,

Quincy& Wars’w, 1st, 8s, ’90.J&J
M&8

1926

Ch.&Ind.CoalK’y,lst5s, 1936 J&J
Cldc. & Mich. L. 8. lBt 8s, 1889
Chic. Mil. & St. Paul—
P. du C. Div., 1st, 8s, 1898. F&A
P. D., 2d M., 7 3-10s, 1898..F&A

111
112
1

.

106k

I
j

Cliic. & L. Sup. Div., 5s, 1921 J&J

Wis. &Minn. Div.,5s, 192L...J&J
Terminla 5s, 1914
J&J

Dubuque Div., 1st, Gs, 1920.J&J
Wis. Val. Div., 1st, Gs, 1920.J&J
Fargo & South.- Gs. ass. 1924. J&J

Consol., gold, 7s, cp., 1902..J&I)
Sinking fund, Gs, 1929
A&O

*

102k 104
84k 85
98

69%

lift
115
110

11

105
111
108
112
103
30

t
Dayton & Mich.—Consol. 5s
3d mort., 7s, 1888, now 2d.A&Oj1 + 102
Dayt.& West—IstM.,68,1905.
t

127
122
128

1st mort., 7s, 1905

117%

127%

132

119% 121
79%
......

74

......
......

do

116
116
11G
120
103 k
-

••

1st mort., guar.

102k!

1

138
127

112
115

!

011

50
SG

extension.

108
122
120
123
40

1120

Con. M., 5% till'84, after 6*. .1918 4117
Det. L. & North.—1st, 7s, 1907. J&J 1121
:
t. M;«ck.& M.—Ld. gr. 3ks. 8- A.
37
Dub. & Dak—1st M., Gs, 1919. J&J
Dub.&S. City—1st,2d Div.,’94. J&J 110
-

112 k

162k

E.Tenn. Va.&Ga.—1st, 7s, 1900 J&J
Divisional, 5s, 1930
J&J
Ala. Cent., 1st, Gs, 19L8
J&J

139
129

108

i‘20

117

*9*6**!

E. Teun. V. & Ga.R’y.—1st,5s,1956.
East. & W. Ry., Ala. —1st, 6s, 1926

12*2 k

Eastern, Mass.—Gs, g.,1906. .M&.- 1122
Eliz. City &Nor.—8.F. deb.,Gs.A&0
1st mort., Gs, 1920
M&fe
Elizab. Lex.& Big 8.—Gs, 1902.M&S
Elmira&W’inspt—1st 6s,1910.J&J 117

105

—

124

128

*9*7**

perpetual

A&O
J&J
J&J
Equipment, 7s, 1900.
A&O
Evausv. & Crawf.—1st, 7s, ’87.J &J
os,

Erie & Pittsb.—2d, now 1st
Cons, mort,, 7s, 1S9S

Evaus.&

104

113
100
100

116
......

......

Lnd.—1st,guar.,g.,Gs, 1924

no

1st, con., 1926
J&.I
Evaus.& T.H.,lst cou.,Gs,1921,J&J
112*’
Mt. Vernon—1st, Gs
A&O
Evansv.T.H.&Ghi.—1st, Gs, g.M&N 102
Fitchburg—5s, 1899
A\.Q 1107

132

101k

107k

80
88

!l
iDunk.A.V.&P.—lst,7s,g..l900J&D

118k
108k
107
95

<s,

Det.G.Haven&Mil.—Equip.6s,l

-

102k 103
11G% 117
no

65%

1Det.&B.C.lst,8s,en.M.C.1902M&N
Det. B. C. & Alp., lst,Gs,1913 J&J

103
......

65

....

]Des M.& Ft.D. —Guar.4s, 1905. ,T&.
1
1st mort, guar., 2ks, 1905
J&J

•••»•«

-

assented

Denv.S.P.& Pac.—1st,7s, 1905 M&N

104

J&J

109

i*08"

5s, 190O-01-02
Gs, 1897
7s, 1894

1*1*5*’
1*0*9

A&0|t1108
108

—

Chic.&S.WMlst,7s,guar.,’99.M&NT
A&O tllG
Chic. & St.Louis—lstGs, 1915,M&S
A&O 1116
Cliic. Santa Fe & Cal. —1st, 5s
103% 104% 'Flint & P. Marq.—M. 6s,1920.A&O 118
Chic. St. L. &P.—1st, 5s, 1932. A&O
98 k
:
Holly W. & M., 1st, 8s, 1901. J&J
Cliic. & Gt. East., 1st, 7s, 93-’95.
104
Ft. Madison & N. W., 1st 7s,g.,19Uo
Col.& Ind. C., 1st M.,7s, 1904.J&J 1120
i! Ft. Worth & Deuv. C.—1st, Gs, 1921 ’*8*4%
do
2d M.78,1904.M&N!1115
1
Freiu’t Elk’n& Mo. V.—Gs, 1933A&O (120
Un.& Logansp.,lst,7s, 1905.A&O'! 116
I
do
do
Unsiamptd.. 1118
Cin. & Chic. A. L., 188G-’90
1104
jjG.H.&SauAnt.—lst,Gs,g.l910. F&A 103k
^Cliic.St.P.Min.&Om.—Cou. Gs, 1930 113
2d mort., 7s, 1905
J-vD
Oh.St.P.& Minn. lst,Gs,1918M&N
125
WTest. Div. 1st, 5s, 1931
M&N
North Wise., lstGs, 1930
J&J
do
2d, Gs, 1931...J&J
.25
i "2*6
tj St. Paul&S.City, lstGs, 1919.A&O
Gal.Hous.& Hen.—1st,5s
70
A3:0
Chic. & Tomah.—Gs
120
ji HG
1L4

ijGeorgia—7s, 1883-90
!

1

ill

Chic. & W. Mich. 5s, 1921. ...J&L);
98
Cin. Ham. &Dayt.—Consol.5s A&O.r
Consol, mort., 7s, 1905
A&O 1120
Consol, mort., 6s, 1905.
A&O t.
Cin. H. & 1., 1st M., 7s, 1903.J&J t
Cin. I. St. L. & Cliic.—Con. Gs. 1920.1105
1st gold 4s. 1936
:
Q—J*

accrued interest.

.

107 k
103
115
130

tl25
115
131

Mort. 7s. 1907
1
Den. & R. G. 1st 7s,gold,190.).M&N
1st con. 4s. 1936

......

i'ao ■

!'Chic.& W.Iud.—S.fd. Gs, 1919 M&N
Gencralmorfc.. Gs, 1932
Q—M

.

I

1*08*'

J&J
Georgia Pacific—1st, Gs, 1922. J&J

99
109
125

2d mort....
|
Gr. Rap. & Ind.- -lst,

112

j

!13k

I&J

Gs, 1-89

no
118
118
125

**85%

!
Ex land grant,

1st 7s, ’u9

Consol. 5s, 192a

.

113
t i 16
tioo

96k

108

94%

109
51
......

•

.

•

m

...

mm

.

.

104%
35 k

U Coupon od.

......

look 107
+

MaS
Gr.B’y W.&St.P.—lst,Gs, 1911.F.&A

; In London.

122
120

43

l.g., g’d, 7s,

$ I11 Aa sterdam.

1

90 k

......

Chic.R.I.A Pac.—Gs,1917,coup J&J

j Purchaser algo pays

i*09

100

Peninsula, 1st, conv.f7s/98.M&S

1

73
~

122k

j

115

70%

......

123

Winona&St.Pet.—2d7s,1907M&N

lOOk

^

129

90

Chic. & Mil., 1st M., 7s, ’98.. J&J Til” 122 k
Mil. & Mad., 1st, Gs, 1905..M.&S. 118k
Madison Ext., 1st, 7s, 1911.A&O, 1130
Menominee Ext.,1st,7s, 1911 J&D130
North west. Un., 1st,7s, 1917.M&S; 1130
Ott, C. F. & St. P., 5s, 1909..M&S
North. Ills., 1st, 5s. 1910....M&S

.

)

115

luc. conv. sin. fund 5s, 1916 J&J
Dak. & Gt. So. 5s, 1916
J&J

7s,1915.0—F

,

......

116% Conn. West.—1st M., 7s, 19C
Connecting (Pliila.)—1st, 6s

121

126

1st Mm I. & D. Ext., 7s, 1908J&J
1st M.,Gs, S’tliwest Div.l909J&J
1st M., 5s. La C. & Dav.l919J&J
So. Minn. 1st 6s, 1910
J&J
Chic. & Pac. Div. Gs, 1910
.J&J
West Div., 5s,1921. J&J
do
Chic. & Mo. Riv. 5s, 19-6
J&J
Mineral Pt. Div., 5s, 1910...J&J

.

t.trf

I

114

124

Cblc. & Mil., 1st M., 7s, 1903.J&J
1st mort., consol., 7s, 1905.. J&J

Exten. & col. 5s. 1934

~TO

127

Cumberl.Val.—l8tM.,8s,1904.i

125

..

1108

1122

Gen. con. 6s, 19;
Belief. & Ind. M.

Consol. S. F., 7s, 1900...
Clev.&M. Val.—1st. 7s,g., ’
115k Colorado Mid.—1st, Gs. 19^

114
98
100

116
116
120

•

!lo4

)

....

J&J

'Chie.&N.W.—Consol.,

§10314
§97 k
119

....

!

r
...

70
117k
Col. & Hock. V.till
106k 107
do
2
1106
105
106
tll2
tl24
126
do
2d mort.
ti06
1107
108
tl 12
tl25
127
Col. Springf.& C.—1st, 7s, 1901
108
10D
Col. & Rome.—1st, 6s, gu.Cent. Ga. It 4
104
104k
109
24
t
96k 97
tlllk
57
53
tioa
Massawippi, g., 6s, gold, ’1

La. C., 1st M., 78,1893
J&J
I. & M., 1st M., 7s, 1897
J&J
I’a. & Dak., 1st M., 7s, 1899. J&J
Hast. & Dak., 1st M.,7s, 1910. J&J
do
5s, 1910
J&J

1st, $, gold, 7b, 1902

23

......

J&D
A&C

Income 6s
Chic. & East Ill.—1st mort. 6s, 1907
Income bonds, 1907
1st, con., Gs, gold, 1934
A&O
Chic. & Gr. Trunk—1st mort., 1900

10G
LOO

5s, 1927

96

1112
tll7

llli*
Atch’n & Neb.—1st,7s,1907
112-1* Chio. Burl. & Nor.—5s, 1926
no
Debenr. 6s, 1896
1031* Chic. & Can. So.—1st, 7s, 1902
108
Chic Kan. & West’n.—1st, 5s,

106%

g.,

tll6k 117
tl07
107k
t 92k 93

Ill. Grand Tr., 1st. 8s.
Dixon Peo.&H., 1st, 8s,1889. J&J
Ott. Osw. & Fox R., 8s, 1900. J&J

99

,

ioi“
lOOia

16

]

t

—

G*n. M

*98

......

115%
105
114

99% 100
76% 78
41
42k

Income 5s, 1931

30
129 k 130k
tlOJ
101
109
111
104
105 ‘

tll5

Bur. & Mo. R., 1’
do
Con

104

117

97 k
9G

Des M.& Minn’s, 1st,7s,1907.F&A
Iowa Mid., 1st M., 8s, 1900. A&O

M.,8s,,88.A&Oj

Cin.Wasli.&B.—Ist.gu.lks-GsM&N

lllk

1919, Iowa 1
1919,
do
Denver Div.,
plain bonds,

102%.

Cin. Leb. & Nor.—1st in. 5s
Cin. Rich. & Cliic.—1st. 7s, ’95. J&J mo
Cin. Rich. & F.
7s, g... J&D tuo
: Cin. Sand’ky &W.—1st,
Cl.—Gs. 1900..F&A tioo
I Consol,
mort., 7s, 1890
J&D tioo
1 Cin.&Sp—7s, C.C.C.& I., 1901 .A&O 112
7s, guar., L.S.& M.S., 1901..A&O 118

’*8*6"

25-yrs. deb. 5s, 1909
.M&N
Escan.&L.Sup., 1st, Gs, 1901.J&J

A&O

1117

..

98
1115
J&J 100

124

116
2d M. (360), 7s, ’98..
2d guar.( 188) 7s,’98..T&J

Ill

tl09% lL2k

Cin.Jack.&Mac.-lst,5s,1933. J&D
Cin.
Laf.&Ch.—lst,7s,g.,1901.M&S

75
69
21

123
105 k
117
116

do
os, 1929
A&O
do
debent., 5s,1933.M&N
Exten. bds. -is, 1886-1926...F&A

’99.. J&J

2d M.. 78,’87-92. J&J

Ind’apolis & Cin., lst,7H,’88. A&O t

106*

do

-

Price nominal; no late transactions.




r

Ask.

t

......

100

Chari'te C'ol.&A.—Cons.,7s,’95.J&J

2d mort., 7s, lyio
Cberaw & Dari.—1st
2d mort.. 7h

Gs.gold, seriei
Extended 4s,

29k

Consol., 7s,gold, 1900,ass’d.Q-M

Pacif., 1st, Gs,

)

105

,

it.

Series A, 190

Bds.

;

Mortgage bonds, is, 1936...A&0|
We

Indianap., 1st., 7s,’92..J&D

do

ii*8*'

106
82

113*'

—

Cin. &

Bid.

Indianapolis C. &L., 78of’97..

1122

119k

111% 112
84k 85

-.

Railroad Bonds.

109 k

119k

100
100
105
GO

-

Ask.

tl09
105

104
118

Collat’l trust 5s, 1937
M&N
CiUt. Iowa—New 1st., 7s ’99.J&J
Inc. bonds,“ debt certs.”, 7s,A&O
Eastern Div., 1st, Gs, 1912..A&O
Ills. Div., 1st, Gs. 1912
A&O
Central KR. of N. J.—
1st, 7s, 1890
F&A
7s, conv, 1902, assented
M&N
Consol.M.,7s,1899, assented. Q—J
Conv. deben. Gs, 1908
M&N
Interim bond certs
Am. Dk.& imp. Co., 58,1921. J&J
Eeh.& Wilkesb.Coal,iuc.,’88,M &N

Cent. Ohio—1st M.. Gs, 1890..M&S
Cent. Pac.—1st, Gs,gold, 1895 .J&J
1st, Gs, gold, 1896...:
J&J
1st, Gs, gold, 1897
J&J
1st, Gs, gold, 1898
J&J
8 .Joaquin, 1st M.,Gs,g.1900. A&O
Cal. & Oregon, lst,Gs, g.,’88.J&Ji
do
series B, Gs, 1892|
Cal.&Or. C.P.bonds,6s,g.,’92 J&J
Ii«nd grant M., Gs, g.. 1890.
A&O;

Bid.

96

100

-

BONDS—Continued.

Page of Quotations.

95k

106k

105

Head of First

Cheshire—Gs. 1896-98

92

do

at

AND

Railroad Bonds.

J&J tl08
5s, 1899
4s, 1905
M&S
4**s, 1903
M&N 100
Boston & Maine—7s, 1893
116
J&J tll5
7s, 1894
J&J 1161s 118
Bost. & Providence—7s, 1893. J&J tl 15
116
Bost.&Revere B’h—1st,68,’97. J&J U18is 120
Bradford Bord. & K.—1st, 6s, 1932
50
Bradf.Eld.A Cuba— lst.6s,1932J&J
20
Brooklyn Ele.—1st, 6s, 1923..A&O 107 108
2d mortg, 3-5s, 1915
80
J&J
81k
Buft. Brad.& P.—Gen.M.7s,’96.J&J 103
Bufl.N.Y.&Erie—1st, 7s, 1916. J&D 137
Buff.N.Y.& Ph.—1st,6s,g.,1921. J&J
50
Pitts. Titusv.&B.—7s, 189GF&A
Oil Creek, IstM., Gs, 1912. A&O 100
Union & Titusv., 1st, 7e,’90. J&J
33

Bufl.&Southwest.—Gs, 1908.. J.&J

STOCKS

OP

\VOU XLY,

September 3,

THE

1887.]
GEMERA.L
For

I
)

&t. Jo.- Con.

QUOTATION'S OF STOCKS AND

Bid.

Ask.

117
99*2

ioo

a

6s, 1911.

98
62
113
112
115

116

)

105

106
72

)

106

H.& Tex.Cen-

Gen. mort. 6s, 1921

;io9
:ii3

Speyer & Co.’s cert., 2d. inst. pd..
Mich. Cent.—Consol.,7s, 1902.M&N
Consol. 5s, 1902
M&N
1st M. on Air Line, 8s, 1890. J&J
Air Line, 1st M., Ss, guar.. .M&N

94
111
115
ill

1109
117
120
llo
117

6s, 1909

1

do
68,1891
M&S
Joliet & N.Ind.,lst,78 (guar.M.C.)
Mich. & Ohio—1st, 6s, 1923 ..M&N
Midd. Un. & Wat. Gap—1st mort..
2d mort. 5s, quar. N.Y. S. & \V...
Mil.L.S.& W.—1st M.. 6s, 1921. M&N
Conv. deb. 5s, 1907
F&A
Mich. Div., 1st, 6s, 1924
J&J
Ashland Div., 1st 6s, 1925..M&S

...

!»

86
71
23 *2
85

74
24

106*4
424

2d, income, 1906,Tr Co. cert. J&J

1st, incomes

New 1st mort. 6s, funded

St. P. E. & Gr. Tr’k, 1st, guar., 6s.
Mil. & No.—1st, 6s, 1910..
J&D
1st, 6s, on extension 1913..J&D

Ind’polis& 8t.L.—1st,7s, 1919. Var 1112
Ind’apolis& Vin.—1st, 7s,1908. F&A 118
2d mort.. 6s, g., guar., 1900.M&N 103
113

Ionia & Lansing—1st 8s,

90
108

*2

i*33

Jefferson—1st mort., 7s, 1889. J&J 100
J eff. Mad.& fnd.—1st, 7s,1906. A&O tll5
2d mort., 7s, 1910
J&J til 7

^

Kansas C. Lawr. & So. 1st, 6s. 1909
K.C.St.Jos.& C.B.—M.7s,1907. J&J

K.C.Spr.&Mein.—lst,6s, 1923.M&N
Ken. Cent.—Stamped 4 s, 1911.J&J
Keokuk&Des M.—1st,5s,guar. A&O
Knoxv. & Ohio 1st. 6s, 1925...J&J
Lake E.&West.-1st,g.,5s,1937J&J
Lake Shore & Mich. So.—
Cl. P. & Ash., new 7s, 1892.. A&O

Bufl.&E.,newl)ds, M.,7s,’98.A&C

..

68*a

683*

63
20
98
94
42
9J

68V

40
Iucome, 6s, 1933
A&O)
20*2 N.Y.Susq. & W.-Deb. 6s, ’97.F&A
99
1st refund., 5s, 1937
91*2 "93"
I&.J
95
2d mort., 4*28, 1937
72
75
F&Al
43
Midl’d of N. J.-lst,6s,l910. A&O) 107*2
94
N. Y. Wood.& Rock 2d inc. 1912
127*2 Norf’k&W.—Gen’l M.,6s,1931 M&NI 112*2
109
New River 1st 6s, 1932
112
A&O)
105*2 106*2
Impr. & Exten., 6s. 1934
F&A 100
106
I
104
O.—M. 103
Adjustment 7s, 1924
105*4
108*2!
Conv. deb., 6s, 1894
85
J&J
]
Norf’k& Petersb.,2d, 8s, ’93.J&J 112
116
South Side, Va.,lst, 8s, 1890.. .J&J 102
107
do
2d M., ext.,1899.J&J
do
3d M..6s,’86-’90.J&J 1106
io'7
101*2
Va.A Tenn., 4th M.,8s. 1900.J&J
130
118
do
109
extended 5s,1900.J&J
.North Carolina—M.. 8s. 1888.M&N 102
106
*98” 101 ! North Penn.—1st,7s, 1896
M&N 121
75
80
Gen. mort., 7s, 1903
T&J 133
.

119*4 lzO
112
113

110
125
125

New loan, 6s, reg., 1905
M&S
Northeast.,S.C.—lstJVI.,8s,’99,M&S

2d mort., 8s, 1891L
M&S
114*2 Northern, Cal.—1st, 6s, 1907..J&Jr
104
Northern Cent.—4*2 per cent..J&J
99
103
3d mort., 6s, 1900
A&O
107*2 109 *s
Con. mort., 6s, g., coup., 1900. J&J
106*2 lt>7
Mort. bds., 5s, 1926, series A J&J

135

do
series B
Con. mort, stg. 6s, g.,

111
100

118
119
107*2
119
119
110

103

1904.. .J&J 1110

112

114

115

Northern, N.J.—1st M.,6s,’88. J&J tioo
North. Pae., P. D’O Div— 6s,M&S
Mo. Div. 6a, 1919
M&N

109

Geu’l 1. g.,

Minn. & N. W.—1st. 5s. 1934..J&J
Miss.& Tenn.—1st M., 8s,series “A’

ii5*‘
103

1st, 6s. 1921

J&J

gr.,2d, Cs, 1933...A&O

103*2 104

James Riv.Val.— lat,g.,6s.’36J&J

109

Spokane & Pal.,1st 6s, 1936.M&N
Kt.P.& Nor. Pae. gen.6s. 1923. F& A

117

104%

1

••••

j

122

120

1*3
141
133 4
112 •

Bonds, 7s, 1900

j
!

J&J
A&O
J&D

General mort., 7s, 1901
Consol, mort.,7s, 1915
lNashua* Low.—6s, g., 1893.F&A

5s, 1900
112*« (INashv.Ch.&St.L.—1st, 7s,1913 J&J
123*2'
2d mort., 6s, 1901
J&J
:
Nashv.&Decatur—1st,7s,1900. J&J
Natchez Jack. & Col.—1st, 7s. 1910
New’kS’set&H.—1st. 7s, g..’89.M&N
t
N’burgh&N.Y.—1st M. 7sJ 888.J&J
JN. J. Junction, 1st, 4s, 1986..F&A
ii5” iio ’ IfNew Jersey & N. Y.—1st mort
118
1 119
j
J. Southern—1st M.,new 6s. J&J

*

119
102

120

ifN. O. & Northeast.—Prior l.Hs.1915
N.Y.
& Can.—£ M..6s,g.. 1904.M&N ;
I

|

141*2

.

*

i

*

98
100*2 102

115*2!

110

100*2

! Oregon & Tran scon t.—6s, 1922 M& N

Assented
Y. Elevated—1st M., 190G.J&J
Y. & Greenw’d L.—1st M. iue. 6s
2d mortgage income

.

.

107*4 !lN.Y. Lack.* W—1st,6s, 1921.J&J
}

.....

!
,

2nd, 5s, guar., 1923

....

98
99

116
114
90
106

100*2
35

115»a
112
118
no
107

ibo”

95^

96 *2

•

.....v

Pensacola & Atlantic-lst m..F&A
Peo. Dec. & Ev.—1st. 6s, 1920.J&J 17777 113
79
2d mortgage. 5s, 1927
108
Evansville Div., 1st 6s,l920.M&»(I
107
Peo.& Pekin
107 108
75
2d mort. 44s, 1921
{}—F 1
97
Perkiouien—1st M., 6s, 1887..A&O
’80
90
Cons. mort.. 6s, 1913, sterling ...
63* Petersburg -Class A, 1926
J&J 1«>5 108
110
118
Class B, 1926
US?!:
A&O 108
36
Phila. & Erie—1st M.,7s, 1888.J&J
30
103*4
10 1
6
Gen. M.. guar., 6s, g., 1920. .J&J :i25
,125 127
Consol. 5s, 1920
131*2
A&O 113
**-*

Un.—lst,6s,1921.Q-F!

j!

123

2d 6s

(sealed to 3s)

'104*2 IN. Y. N. H. & H.lst

r.

F&A

103

103

1

118*2!

Debenture 6s, 1893
J&J
Cousol.M. ,7s, 1911, reg.& cp. J&D
Consol, mort., 6s, 1911
J&D

j

130*2; 134
99 | 100

1 108

;;;;;;
....

iii

!
!

87
!

|

jj

Deferred income
Income mort., cons. 7s, ’96, J&1>
Coal* L, guar.,7s,’92,ex-ep.M&s

117

118

121*2 1
112*2 ;
10 i*2 !

accrued interests

j!

135
121
108
102*2 102%
103
62
57
90
61

J&J
J&.J
M&N
F&A
J&J

Couv. adj. scrip
Scrip for 6 deferred *2 coupons

122
112
102
85

116

J&.i

j|

!

90

Convertible, 7s, 1893
Cons. 5s, 1st series
Cons. 5s, 2d series

6s, 1900
5s, 1910
In London.

:*9b” ibo"

..

69

ioi" ioo"

106*2 108
107*2
J&Ji 101*4 101 %

A

Trust certs., 4s, 1921

.

50

Improvement mort., 6s, ’97.A&O
Gen’l mort., 6s, 1908
Gen’l mort., 7s, 1908

.

iio”

; Pliila

j 105

!

....

8unbury&Erie, 1st M.,7s.’97.A&0
& Read’g—1st, 6s, 1910.J&J
2d, 7s, ’93
A&O

......

111V

4s,1903.J&Dl

1 Purchaser also pays

!

! 108
123
! 123

F&A

1

!

il7

1915.M&N 1124
108
! Panama—Sterl’g M., 7s. g. ’97. A&O J Lu6
Sinking fuud sub., 6s, 1910.M&N
|
104
Subsidy bonds, Eng. issue, 6s.... Jl0'2
133
Peun.BK.—Gen.M,6s,cp.,1910Q—J
| Cons, mort., 6s, 1905
Q—M 122
i Collateral trust, 4*us, 1913.-J&D
Consol. 5s, 1919
J&D 113*2
i Penn. Co., 6s, reg., 1907
Q.—J 105*«
do
1st M.,4*2S, 1921. J&J 103*2
jI Penn.& N.Y.Can.- 1st. 7s, ’96. J&D 116
133
1st mort., 7s, 1906
J&D

ibi

!

j99

44

77

i Osw.&Rome— 1st M., 7s,

|

N.Y.&Harlein—7s,coup.,1900.M&N

ibo I

103V

117

J&J ;loi

2d mort., 7s

1

117
104
103

.......

ij
i

......

..

•Price nominal; no late transactions.

j Oreg. & Cal.—1st 6s, 1921

ioiv

113*2

! Orange B It—1st mort., 6s. 1907...

100

us’'

B. C. F. & N. B., 5s, 1910 ..J&J 1113
N. Bedford RR., 7s, 1894 ..J&J 1115
76
Omaha & St. L.—1st, 4s, 19.>7. .J&J

1

jp

117

97

98

.J

108 *2 no
121
116
130
iso 134
103*2 110
109
107
128
125
107

i

|

i”

A&OUr it
1* s
8
4*2s, 190 4
166
Bost.C.&Fitchb.,l8t,7s,’89-90J&J 11 ,J
'*

.;

j

i 12

1113
109

M&N

*"

115
103
IN. Y. Cent. & Hud. R.—Ex.os.M&N
Mort., 78, coup., 1903
J&J 132*4 133 |
107*2
Debenture 5s, 1904
M&S
;
i24
j
Sterlingmort., 6s, g., 1903...J&J ; 122
New York Central—6s, 1887. J&D 101*4
974» 98
ij}N.Y.Cbic.& St.L.—1st,6s, 1921.J&D
j 2d 6s, 1923
M&S
84*2 "so"
New 1st mort., when issued
62
ifN.Y.City* No.—Gen’l,6s,’10,Tr.rec

......j

55
117
112
109

*

120

“...III

91!




j

100
115

Gen. land

1st mort., 7s, 1918
A&O
Morris*Essex— 1st,7s, 1914 M&N
L05 *4 | 2d mort, 7s, 1891
F&A

aio

6s, 1925 (Mary. & West,).. J&l)!
Memphis & L. Rock—1st, 8s. 1907

,

101*4 102*2
96
Minn. S. Ste. M. & Atl.—1st,5s,1926 : 94

102*2 Jn.Y.L.E &W. —1st,7s,’97, ext.M&M
2d mort. exten., 5s, 1919 ...M&S
b0*4; 93*2
3d mort. ex. 4*ss, 1923
M&S
j 110*2
95
Gen. mort. 6s, 1916
|
4th mort., ext., 5s, 1920.. ..A&O;
A&O
5th mort., 7s, 1888
J&D I
Lo’isv.N.O.&Tex.—lst,5s,1934M&S
12b j 122”
Exten. bonds, 6s, g., 1900...A&O f HI
New 2d eons. 6s, 1969
J&I)|
113
Con8. 78,1912.....
Collateral Tr. 6s, 1922
M&N i
A&O'ti‘-9
131
Fuud. 5s, 1969
Androscog.* Ken., 6s.
J&Dj
jflo5 ; 107
!
Leeds & Farm’gt’n, 6s, 1896.J&J f 112 j 113
1st con j. fund coup.,7s,1920 M&S j
i
Port!. & K.,Cons. M., 6s, ’J5.AAO f HI
|H‘2
Reorganizat’n 1st lien, 6s, 1908 j
Gold income bonds, 6s, 1977
Debenture, 6s, 10-20
F&A 105*2| 106*2
j
i
Man.Beacb lrup.,Iim.,7s, 19o9,M&.s!
Long Dock mort., 7s, 1893..J&Dj
j 90
Marietta Min.-lst, 6s, 1915.M&N1
' 95
,
do
con. g., 6s, 1935 ..A&O!
N.Y.&.NEng.—1st M., 7s, 1905J&J,1
Marq’tte Ho.& O.—Mar..* 0.,8s, ’921 109 j 111
68,1908
J&J,
105 1106 |1 1st M., 6s, 1905
2d m.,Hs, 1902
F&A
6s, 1923 (extension)
J&D; 96*2, 97

50-year gold, 5s, 1937..

71

46*2
114
11
5
89
60
60
105
50

.

J&J
J&J

125*2' I Morg’n’s La.&Tex.,lst,6s,1920J&J

....

| i*3*2

...

L

I45*s

do
prior lien,inc.ac.,5-68,’955 ! 112
2d mort. mo
no
3d mort. ino
u
Leased L. rental trust, per deb. 4s
s
187
West. ext. certifs, 8s, 1876..J&JJ 155
do
do
7s, guar. Erieb j55
N.Y. Phil. & Nor.—1st, 1923 ..J&JI

102
116
108
74

Ask.

105

..80J

Gen. M., s. f., 6s, g., 1923
J&D
L. Miami—Renewal 5s,1912..M&N |
L.Rock& Ft.S.—lst,l.gr.,7s ’95. J&J ! 112

N. O. & Mobile. 1st 6s, 1930. J&J
do
2d, 6s, 1930
J&J
Pensacola Div., 1st,6s, 1920..M&S
Bt. Louis Div.. 1st, 6s, 1921..M&S
do
2d., 3s„ 1980.M&S
Nash. & Dec., 1st 7s, 1900...J&J
E. H. & N., 1st 6s. 1919
J&D
Gen 1 mort., 6s, 1930
J&D
Bo. & No. Ala., S. F. 6s, 1910 A&O
lstmort,, sinking fund, 8s
Trust bonds, 6s, 1922
Q—M
Ten forty 6s. 1924
M&N

L

122*2 123

Lehigh Val.—lst.6s.coup., ’98.J&D j1

Leb.-Knoxv. 6s, 1931
M&S
Louis. Cin. & Lex., 6s. 1931.M&N

Imp. & Equip. 6s, 1922
Minn’p. & Pae., 1st, 5s, 1936

W.-lst, g., 6a. 1914 M A 53

N.Y.Pa.* O.—1st, inc.,acc.7s,19055

_)

cons.,reg.,lst,7s,1900.Q—J
2d,7s, 1003..J&D
cons.,reg.,2d, 7b,1903.J&D
Mahoning Coal RR. 1st, 5s..J&J

N.Y.& Man. Beach. 1st7s.’97,J&J
N. Y. B. & M. B..lst eon. 5s, 1935
Lou’v.C.&Lex.—1st,7s,’97 J&J (ex)
2d mort., 7s, 1907
A&O
Lou. & Nashv.—Cons. 1st, 7s, 189S.

N. Y.Ont.A

Bid.

92*2
100*2

.r

cons., cp.,

Long Island—1st M.. 7s, 1898.M&N
1st consol. 5s, 1931
Q—J
Newtown & FI., 1st, 7s, 1891
L.I.City & Flushing— lj$t, 6s. 1911

Railroad Bonds.

...

Bnff. & State L., 7s, 1886....J&.
Det.Mon.& Tol.,lst,7s,1906.F&A
Kalamazoo Al.&Gr.R., 1st, 8s. J&J
Kal.&Wh. Pigeon,1st, 7s,’90.. J&J
Dividend bonds, 7s, 1899...A&O
L.S.&M. S.,cous.,cp., 1st,78.J&J

Lawrence—1st mort., 7s,1895.F&A

Ask.

Helena* Red Mt.Lst.G*. I937M&S
8s, series “ B”
J&J
107*2
Dill. & Man.. 1st, 6s, 1936. ..J&J 103*2
Mo.K. &T.—Cons. 7s., 1904-6..F&/
91^ 92*2! North. Pae. Ter. Co. -1st,6s.’33.J&J 101
Consolidated 6%. 1920
J&l
79
120
Norw’h&Worc’r—1st M.,6s.’97.J&J 115
Consolidated 5s, 1920
J&D
121
2d mort., income, 6a, 1911..A&O
Ogd’nsb’g&L.Ch.—lstM.6s,’97,J&.) tl<>3
1113
114
......j
Sinking fund, 8s, 1890
M&s 1102
1st, 6s. g., 1899. (U. P. S. Br.)J&J
1122
124
109*2!
Consol, ,6s, 1920
Han. & C. Mo., 1st 7s, g.,’90.M&N
A&O 103
110
111
42
Mo.Pac.—1st mort.,6s,gld,’88, F&A 100*2
j Iucome, 3a & 6sl920
Consol. 6s, 1920
M&N 114*2 U45* Ohio Cen.—Riv. Div., 1st, 6s.. 1922
109
112
2d mort.,7s, 1891
Income, 6s, 1922, Tr. rec
J&J
94
Ohio & Miss.—Cons.,s.I’d.7s,’98 J&J
Car. B., 1st mort., 6s, g. ’93..A&O
L0‘2
i‘15”
Cons,
3d mortgage, 7s, 1906
J&J
mort., 7s, ’98
M&N
98
!
2d mort., 7s, 1911
i 96
Mobile & Birin.—1st. 5s, 1937
A&o 113
106
47
43
1st
Mobile & O.—1st pref. debentures..
gen , 5s, 1932
J&D
i
122
125
105
25
1st mort.,Springf.Div., 1905 M&N
2d pref. debentures
22
98
3d pref. debentures
j Ohio River RR.—1st. 5s, 1936.J&D
123 *2
12
103
4th pref. debentures
i
2d income, 6s, 1921
New mortgage, 6s, 1927
J&D 113*2 114*4
104
..! Collateral trust 6s, 1892
102
J&.J
rp Old Colony—6s, 1897....
F& iH’5
119
i
-.1 107
1st extension 6s, 1927
6s, 1895
J&D jl 111
Q124
116
70
St. L.& Cairo—4s, «uar., 1931.J&J
78, 1894
M&:
1

Kanawha & O.—1st <>'s 1936.. J. & J
Kan. C.Clint’n & Springfield—Is,5s 100
K.C.Ft.Scott& G.—1st,7s,1908 J&D 1118
Pleas. Hill & De Soto, 1 st, 7s, 1907 t 1 19

do
do
do

Minn’p. & St. L— 1st M., 1927. J&D
1st M„ Iowa City&W., 1909.J&D
2d mort., 7s, 1891
J&J
South west. Ext., 1st,7s,1910. J&D
Pacific Ext., 1st, 6s, 1921.. A&O

114*2

’89. ..J&J tioo
f 132

M&S

5s, coup., 1931
M&S
Kalamazoo&S.H.,lst,8s,’90.M&N
J.L.&Sag.NorthExt.,8s,’90.M&N
do
Cons. 1st M.,8s,’91.M&S

118

Income, 1921

J&J

Mexican Nat.—1st, 6s, 1912 ..A&O

101 *a

......

r

J&J

Debenture 10s, 1890-95.....A&O

112

2d, 6s, 1907..

125~

Scrip 10s, 1889
117

Chio.St.&NO.-]

Memph.& Chari.—1st,7s, 1915.J&J

Incomes, 1911

105

Sterling, 8. F., 5s, g.

Bid.

Scaled 4s. 1911
Bond sorip..

112
)

Railroad Bonds.

J&J
J&J
1st. cons..Tenn. lien, 7s, 1915 J&J
Gold, 6s, 1924
J&J
Metrop’n Elev.—1st, 6s, 1908, J&J
2d 6s, 1899
M&N
Mexioan Cent.—1st, 7s, 1911.. J&J

118

1
I
r

Middle Div. reg. 5s,

BONDS —Oomtiscted.

2d mort., 7s, extended
1st consol. 7s, 1915

j

2cL6b, 1913

299

Explanations See Notes at Head of First Pa?e of Quotations.

Railroad Bonds.

Han. &

CHRONICLE

1

nod
J&Dj 1106

[j Coupon off.

300

THE CHRONICLE.
GENERAL
For

QUOTATIONS

Explanations
Bid.

Railroad Bonds.

Pine Creek- 6b, 1932
J&D
Pittsb.Bradf.& B.—1st, 6b, certs...
Pittsb.C.& St.L.—1st, 7s, 1900.F&A
Pittsb.Cl.A Tol.—lBt, 6s, 1922. A&O

Ask.
62

*85

.

J&J

3dmort.,7s,1912

A&O

.

.

114

Portl’nd&Ogb’g—lst6s,g.,1900J&J

.

137%

135

Ren.&S’toga—1st 78,1921 cou.M&N

Bich’d & Allegh—1st, 7s, trust ree.
2d mort., Os, 1916
M&N
Rich’d & Danv.—Con.,6s,’90..M&N
General mort., 6s, 1915
J&J

Debenture, 6s, 1927
do

Con. gold, 5s, 1930

ex

coup....

A&O

2d mort.. incomes, 5s, 1925

8t.L.Alt.&T.H.—1st M., 7s, ’94.J&J
2d mort., pref., 7s, 1894
F&A
2d income, 7s, 1894
M&N
Div. bonds, 1894

Bellev.&S.Hl.,l8t,S.F.8s,’96.A&0
Bellev.& Car., 1st 6s, 1923..J&D
fit. L. Ark. & Tex. 1st 6s, 1936.M&N
2d mort., 6s, 1936
F&A
fit. Louis & I. Mt.—1st, 7s, '92,F&A
2d mort., 7s, g., 1897
M&N'
Ark. Br. 1. gr., M., 7s, g., ’95.J&D
Cairo Ark. & T.,1st,7s,g.,’97.J&D
Cairo & Ful., lst,l.g.,7s,g.,’91.J&J
Gen. con. r’y & 1. g., 5s,1931A&0
fit. Louis & San FraD.—2d,cl.AM&N

2d M., clas* B, 1906

M&N
M&N

do
class C, 1906
South Pacific.—1st M. 1888 .J&J
Kan.C. &8w., 1st,6s,g.,1916..J&J
Pierre C. & 0.1st, 6s
F&A

Equipment 7s. 1895

J&D

General mort.. 6s, 1931
J&J
General mort., 5s, 1931
J&J
Ft.8.& V.B.Bd.,1 st.6s, 1910.A&0
St.L.K.&So.W. -1st 6s, 1916M&S
Trust bonds, Os, 1920
F&A
St. L. W. & W., 6s, 1919
M&8

St.L.Vand.&T.H.-lstM.,7s,’97.J&J

2d mort., 7s, 1898
M&N
2d, 7s,guar., ’98
M&N
St. P. & Duluth—1st, 5s, 1931.F&A
StP.Minn.& Man.—1st 7s,1909 J&J
2d 6s, 1909
A&O
Dak. Ext.. 6s. 1910
M&N
1st consol. 6s. 1933
J&J
do
reduced to 4*28 ..J&J
Minn’s U’n, 1st, 6s, 1922
J&J

San Ant.& A.Pass.,lst.6s,1916.J&J
do
lst.OB.l 926.J&J

Sandusky Mansf.&N.—1st, 7s,1902
Sav. FI. & W.—1st, 08, 1934..A&O
At. & Gulf, con. 7s, ’97
J&J
So. Ga. & Fla.—1st, 7s, 1899
2d, 7", 1999
M&N

Scioto Val.—1st, 7s, sink’g fd..J&J
2d mort., 7s, sink’g fd
A&O
Consol. 7b, 1910
J&J
Sham. Sun.& Lew.—1st, 5s,’12 M&N
8ham.V.& Potts.—7s, cou. 1901 J&J
Shenandoan Val. -1st,7s,1909.J&J
General mort., 6s, 1921
A&O
Shreve. & Hous.—1st, 6s, gu.f 1914
Sioux C. & Pao., 1st M., 6s,'98.J&J

6odusBay& So.—1st,5s,g.,1924J&J

So. Carolina—IstM.,6s,1920..A&O
2d mort., 6s, 1931
J&J
Income os, 1931
So. Cen. (N.Y.)—Consol, mort., 5s..
South. Kansas—1st, 5s
M&S

Income, Os

Sj.Pac,Cal.—1st,6s,g.,1905-12

A&O

So. Pac.,Ariz.—1st,6s,1909-10.J&J
So. Pac.. N. M.—1st, 6s, 1911 .J&J
Staten Isl. Rapid Trans.—1st mort.
Steuben. & ind., 1st 6s, 1914..J&J
Stock. & Cop —1st, 5s. 1905. ..J&J
Summit Br.—1st, 7s, 1903
J&J

Sunb.Haz.&W-B.—lst,5s,1928M&N
2d mort., 6s, 1938

M&N

Susp.B.&ErieJimc.—IstM.,7s
Syr.Bing.&N.Y.—consol.78,’06A&0
Tex. Cent.—lst,sk.fd.,7s,1909M&N

no

il*3*
110

104
111
no

i07‘

-

Union Pacific—1st,

6s, g.,1896. J&J

1st, 6s. 1897
1st, Os, 1898

J&J
J&J
J&.T

Land Grant, 7s, 1887-9
A&O
Sink. F., 8s, 1893
M&S
Ora. Bridge, sterl. 8s, g., ’96.A&O
Collateral trust, 6s, 1908 ....J&J
Collateral trust, 5s, 1907....J&D
Kans. Pac., 1st, 6s. 1895
F&A

IstM., Os, 1896

J&I)

Denv. Div., 6s
M&N
1st cons. M.,6s,1919 M&N

121
117

..

F&A

Utah Cen.—IstM.,6s, g.,1890.J&J
Utah So., gen., 7s, 1909
J&J
do ext, 1st,7s, 1909 J&J
Utioa &Bl’k R.—Mort., 7s, ’91. J&.T

Valley of Ohio—Con. 6s, 1921.M&S

95
99

Ver. & Mass.—Guar. 5s, 1903 M&N
Vicksb. & Mer.—New 1st mort
2d mort
3d mort., income
Vicksb. Sli. & Pac. -Prior lien, 6s.
.

BONDS—Continoed.
Page of Quotations.
Ask.

i*i 2 %
120*4
98%

il4*8
113
90

119
no
117

122

118

119
113
100
75
65

112
95
70

96

“l2

Consol. 6s, 1911
J&J
West’nPenn.—1st M., 6s, ’93..A&O
Pitts. Br., 1st M.. 6s, ’96
J&J

Wheeling & L. Erie— 1st, 5s,... 19^6

112

2d series,

7s, 1909, if earned
Wis. Valley—let,7s, 1909......J&J
Worc’r& Nashua—58, ’93-’95.. Var.

Lim., B,

70
108

Albany & Susqueh., Guar., 7... 100
Allegheny Valley
50
Atchison Topeka & Santa Fe..100

do

97
69

Atlanta & Charlotte Air Line
Atlantic & Pacific

15

Parkersburg Branch
Beech Creek
do
pref
Bell’s Gap
Belleville & So.

98

106%
115

123*4
99
102

100

118

103
123

......

......

96
50
124
107
107

J10*5

150

101%
107
120
120

io*27e i*03 ”
88
1L
132

89

11*2
133
150

130
6

100

Boat. Con. & Montreal
100
do
Pref., 5... 100
Boat. Hart. & Erie, Knowl.agree’tn
Boston Hoosac Tun. & Western
Boston & Lowell
100
Boston & Maine—
100
Boston & N. Y. Air-Line, pref
Boston & Providence
100
Boston Revere Beach & Lynn.. 100

75
200
103

1*1
219
98
210
155

SO
202

26
103
2^0

1st mort., 7s, 1911
M&N
loo
Texas & New Orleans—1st,7s.F&A
218
Sabine Div., 1st, Os, 1912...M&8 loO
100
Tex.& Pao - 1st M..Os,g.,1905.M&S 108
41
| Brooklyn Elevated., new
4)
Cons. M.,6s, g. 1905.tr. rec. J&D.
100
11 Brooklyn
Brooklyn &
& Montauk
Montauk
1001 10
100!
Inc. and land gr., reg., 1915.
5o
!
do
Pref
July
II
100i 30
RioGr. Div.. 6s, 1930, Trust rec.
Buff. N. Y. & Erie, leased
1001 '.
Gen.M.&u-r. 0s,l905.tr.rec. A&O.
04
BuffaloN. Yr. & Phila.,ass.pd... 50!
9%
§9*4
N.O. Par., lnt.6a.gold, 1;*‘20..I&J II
do
do
~
‘
--77 34 78*5 I
9
I
.....

t Purchaser also pays accrued interest.




t In London

Corn)on ofi.

\

Chic. St. Louis & Pitts

Dninrv

shorn

7

10
43

~

Ciev. Coi. Cin. &

Cleveland & Canton
do
do
Pref..
Clev. & Pittsburgh, guar., 7
50
Cceur d’Alene
Columbus & Xenia, guar., 8
50
Col. Hock. Val. & Tol
100
Columbia & Greenville,pref.... 100
Concord
50
Concord & Portsmouth,guar. ,7 100
Connecticut & Passumpsio
TOO
Connecticut River
100
Danbury & Norwalk
50

Delaware Lack. & Western

50
100

do
di
pref. 100
Denver & Rio Grande Western...
Des Moines & Fort Dodge
do
do
•'
Pref
Det. Lansing & Northern, com .100
do
do
Pref. 100

Dubuque & Sioux City
do

Fitchburg. Pref
Flint & Pere Marquette

do
do
Pref
Houston & Texas Central

100

ao

13

72%
48*a

72*4
46

20
6

60
36
30
7

10%

11*2

35*2

10
125

7
122
148

148

7 7*2 78
137
137

107

112
11
40
50
86
90
8178 82
118*4 119
7

114*6 114*4
143

14L

123*2 125
15

16

37*2
44%

38*2
44%
108

107
49
50

a

50
62

21
52
3

79
55
22
51
5

3*2
5*2
39%

4*2
6%
39%

52
8

52

8%

30

30%
152% 152*2
59
172

22%
40

139
144
101*2 105
137
no

194

190

70

168%

12*3 78 1*29%
26

26%

59*2

60
16

12
10

10%
28

*50

55
112

110

i*i

9
30

53

34
11
60

20*2

21*2

10*2

50

45
36
115
130

117
131
109% no
11
10
40
60
90
■84
94
95

30%
98*2

30*4
98

*2
;

100

1

2

41%

45*4

100

17
195
7
10
15

loo

25

50

12
29

do
do
Pref... 5o
Illinois Central
100
do
Leased line, 4 p. c. 100
Indiana Bloom. & West.,ass. pd.loO
Jett’v. Mad. & Ind’p’s, leased.. 100
Kauawha & Ohio
i...
do

54*2

100

Dulutli So. Sli. & Atl

do
do
Pref
Florida R’y & Nav. Co
do
pref,...
Fort Worth
Denver C
Galv. Harrisb. & San Amtonio

54

47
11
120
4
7
14
17
9
11
20*4 21
3 *5 37

100

Indianapolis.. 100

45
54

45
9
119

pref
100
Chic. St. P. Minn. & Om.,com.. 100
do
pref.. 100
Chicago & West Michigan
100
Ciu. Hamilton & Dayton
100

do
Pref
Cin. Indianap. St. Louis & Chic.100
Cincinnati N. O. & Tex. Pac
100
Cin. Sandusky & Cleveland
50
do
Pref., 6.50
Cincinnati & Springfield
Cin. Washington & Balt
100
do
pref.. 100
Cleveland Akron & Coi
..100

53*2

50%

do

Huntingdon & Broad Top

104

59

$ 12%

Chicago Rock Island & Pac.... 100

Georgia Pacific
Georgia Railroad & Bank’g Co. 100
Grand Rapids & Indiana
Green Bay Winona & 8t. Paul.. 100

:..50

Ill., pref
Albany

59

40

Pref., 7.. 100

Pref
96% East Tenn. Va. & Ga. Ry
100
51
do
do
1st pref.. 100
125
do
2d pref... 100
do
108
East Pennsylvania
50
108
East & West, Alabama
Eastern (Mass.)
100
11
do
Pref
Eastern
in
N.
H
4*5
100
2% Elizabeth Lex. & Big Sandy
100
1
Elmira & Williamsport, 5
50
150
do
Pref., 7.. 50
Evansville & Terre Haute
50

120

100
50
50

do

Dayton & Michigan, guar., 3*2..50
do
Prer., guar., 8.50
Delaware & Bound Brook...... 100

100
106
no
100
105

100

100

50
100
100
50

108*2 109*2 Denv. & Rio Gr

def...

Augusta & Savannah, leased... 100

Baltimore & Ohio
do
1st pref., 6
do
2d, pref

105*4
104

Pac., &c., pref
do

122
111

Ask.

42*4

do
1st pref
50
do
2d pref
50
115*4 115*5 Cedar Falls & Minnesota
100
Central of Georgia
llf>78
100
117
Central Iowa
100
103*5
do
1st pref
100
111
112
do
2d pref
100
128
Central Massachusetts
1124
100
105
do
pref... 100
95
Central of New Jersey
100
Central Ohio
50
112
do
Pref
50
115
Central Pacific
100
10l%
Charlotte Col. & Aug
100
99
100
Chesapeake & Ohio, common ..100
93
do
1st pref... 100
95
do
2d pref.... 100
92
100
Cheshire, pref
100
f 105
Chicago & Alton
100
105
Chicago & Atlantic Beneficiary....
109
111
Chicago Burlington & North.. IOC
90
Chicago Burlington & Quincy..100
50
54
Chicago & Canada Southern
11
11
Chicago & East Illinois
111
1110
Chicago & Grand Trunk
121
Chicago & Ind. Coal Railway
117
118*5
do
do
pref.
110
111
Chicago Milwaukee & St. Paul. 100
68
do
pref., 7.loo
104
104*2 Chicago & North Western
100

14
J2*4

.

Ala. N. O. &

boston

»107^

com

103

55
98
86
85
113
117
111% 112
108

102

....

Nash. & Roch.. guar.. 5s. ’94.A&0
RAILROAD STOCKS. Par
Ala. Gt. 8011th.—Lim., A., 6s,pref..

48*4
97*2

105

West.Maryl’d—3d en.,6s, 1900. J&J
W’nNo.Carolina-lst,78,1890.M&N

Wichita & Western—1st, 6s
J&J
Wilm. Columbia & Augusta, 6s
WI1.& Weldon—8. F., 7s, g., ’96. J&J
Wisconsin Cent.—1st ser., 5s, 1909

83

35
60
107

West’n Ala.—1st M., 8s, ’88...A&O
2d mort., 8s, guar., ’90
..A&O

....100
50

11*5

g’ncy &Tol., 1st,7s,’90....M&N

(N.J.)—2d,7s, 1900 .A&O
West Chester—Cod. 7b, 1891..A&O
110*4 VV. Jersey & At. 1st M.,6sl910M&8
110*4 West Jersey—1st, 6s, 1896
J&J
118 •
1st mort., 7s, 1899
A&O
102
Consol, mort., Os, 1909
A&O
108%
West Shore guar. 4s
J&J

100

Bid.

Burlington C. Rapids & North..IOC

California Pacific
California Southern..
95*2 Camden & Atlantic
do
Pref
Canada Southern
113
Canadian Paciflo
125
Catawissa

Va.Midland—1st ser.,6s,1906.M&S
2d series, 6s, 1911
M&S
3d series, 5-6s, 1916
M&S
103
4th series, 3-4-5s, 1921
i.M&S
107
1071s
5th series, 5s, 1926
M&S
94
95
Incomes, cumul., 6s, 1927...J&J
90*8
99ia
Gen. 5s, guar., 1936
”83"
M&N
55
65
Wabash St. Louis & Pacific¬
112*4
ist, ext., 7b, ’90
F&A 111
lo9
81
Mort., 7s, 1879-1909
A&O
105*2
2d mort., 7s, ext. 1893, ex..M&N
97
99
45
Equipment 78,1883
M&N
Gen., 6s, 1920, Tr. reo
51
56
J&D
111
Chic. Div., 5s, 1910 gold
99
J&J
97
993*
Havana Div., 6s, 1910
J&J
42
41
Indianap. Div., 6s, 1921
J&D
108
109
Detroit Div.. 6s, 1921
95
J&J
113^ 114*6
82
87
Cons.mort.,7s,1907,oonvert.Q—F
109*9
1st. St. L. div., Vs, 1889
113
F&A
109^4
Gt. West., IU.,1st, 7s, ’88
F&A 114
104*9
do
98*a 99
2d, 7s,’93....M&N
9014 96*4
100*4
112i8 113
1.& S.Ia.,lst, 6s, 1912
F&A
112
113
8t.L.K.C. &N. (r.est.& R.),7s.M&8 112 4* 113
113
do 0m.Dir.,lst7s,1919.A&0 115
119
iOl
Tools
do Clar. Br., 6s, 1919.. F&A
50
101
do No. Mo., 1st, 1895...J&J
do 8t. Cha’s Bridge 6s, 1908
106
101
Wab. Fund. 1907—Var. 7s. F&A
113*4 114
do
Various 6s
F&A
99
W.8t. L. & P.—Iowa D. 6s, Tr. rec..
50
barren

Railroad Stocks.

97*4 Buffalo Rochester & Pittsb
li*5
94
104

United Co sN.J.—Cons.,6s,’94.A&0 112
do
1<»3
gen. 4s, 19*23..'...F&A
M&S till
Sterling mort., 6s, 1894
do
68,1901
M&S f 120
Cam. & Amb.,mort., 6s, ’89.M&N 106*5

Oregon Short-L., 6s, 1922

113%

97
110
106

Bid.

Tol. A. A. <s Gr.T., 1 st,6s,1921 .J&J
Tol. & Ohio Cent.—1st, 5s, gu.1935

do
do
do

85

119
115
101
80-

AND

of First

Railroad Stocks

1st, 6s, 1899

62%

A&O

Piedmont Br., 8s, 1888
a&»
Rich. Fred. & Potomac—6s,ext.J&J
Mort, 7s, 1881-90
J&J
Rich. & Petersb., Os, 1915
M&N
New mort., 7s, 1915
M&N
Richmond York Riv. & Ches., 8s..
2d mort., 6s
M&N
Rich. & West Pt.Ter., Os, 1897.F&A
Roch.&Pitts.. 1st, 6s, 1921...F&A
Consol. 1st, 6s, 1922
J&D
do
income, 1921
Rome & Carrollt.—1st, 6s. g., 1916
Rome & Dec.—1st., 6s, 1926... J&D
RomeWat’n&O.—S.F.,7s,1891. J&D
2d mort., 7s, 1892
J&J
Consol., 1st ex. 5e, 1922
A&O
Rntlanu—1st M., 6s, 1902
M&N
Equipment, 2d mort., 5s
F&A
fit Jo. &Gr. Isl’d—1st,guar.6s,1925.

-

108
105
42
141

Head

Tol.Peoria&W.—Ist.7s.l917,tr.rec.
Tol. 8t.L.&K.C.,lst,6s,1916...J& D

Pittsb. MeK.& Y.—1 st,6s,1932.J&J
Pittsb. & West.—1st mort
Port Royal & Aug.—1 st, 6s, ’99. J&J
Income mort., 6s, 1899
J&J

-

115
120
130
....

STOCKS

Tol.A.Ar.&N.M.—lst,6s,1924.M&N

•

118

Pittsb.&Con’llsv.—lstM.7s,’98.J&J
Sterling cons. M. 6s, g., guar. J&J J128
Piltsb.Ft.W. & C.-lst,7s,1912 Var 142*2
2d mort., 7s, 1912

.

OF

Nee Motes at

LVol. xijV.

1st pref....
2d pref

Kansas City Ft. Scott & Gulf... 100
do
do
pref.. 100
Kans. City Springf.& Memphis
Kan. City Clinton & Springf’ld.100
Keokuk & Des Moines
100
do
pref
loo

I18
b5

10*4

20
197
12
11
19
34
13
u

m

m

m

.

.

95

16*4

70

4*2
14
7
75

132
72
35

5*2
18
10
80
135

72*2
40

THE CHRONICLE

GENERA.L
Por
railroad Stocks.

Bid.

Ask.

Miscellaneous.

RR. STOCKS.
continued/
Keokuk A West

30
32

5.

Lake Erie
do.

16*4

164

47
93

474! leab’d A RoanokelOO

Ask.

9
9

734

)

Macon A Augusta.
)
3
3
3
)
)

Beach Co.

Manhattan,

con.

Marq. H. A Ont..
do

Pref

Scioto Valley

Mexican Nat., Tr.
Mex. Nat. Const r.
Michigan A Ohio..
do
Pi

*824 85" Warr’n(N.J.),rs’d,7.50
Vest Jersey
50

j

26

7

86
1034 lu6

pr€
Mil. & Northern.
)
)
)

do

§ 56 4
13

)

30i*
264
92^

)

12

)

125

9

138

do

N.

139

)* 521*

74

lie

%
)

••••••

10741

107

do

Pref. ]

do

161*

17

28
3

294

434

94
28

do

10
29

4
154

17

42 4

43

1* 85

85

140

145

264
514

do

244

*544

do

*

1

do

do
6
Richmond A P’b’g.100
Rich. A West Point
do
Pref
Richmond York R. AC.
Rome A Decatur
Rome W. A Ogd... 100
Rutland
100
do Pref., 7.. 100
Bt. Joseph A G’d Isl’d.

St.LouisAlt.&T.H.lOO

do
Pref. 100
Bt. L. Ark. A Texas
St. L. Ft. ScottA Wich.
8t. Louis & tfan Fr.100
do
Pref... .100
do
1st pref.100
...

5antou(Balt.)0s,g.,

’04

Un. RR.,lst, end.,6s.

58, 5 years
MAS
tend’u Bridge6s, 19J i
>r. Imp., 1st, 6s. 1910
ireg.R. A N. lst.6s, JAJ
Debenture 7s, 1888.

2130

Con. 5s 1925 J.AD..
Ullm’n Palace Car—

544

105

103

i*63

(Balt.).100

163

24

24 I

152
128
109

I
j
j
J
j

......

112

254' 254
57
1U0

54
95
31

74
40
18

|

86

(
c

8

|F

404
23

Motor.

eg on

Ry.AN.Co.100

f
t

374 8
70

80

a

154

154

2d pref. certificates,
3 t. Louis Tunnel RR..
8 t. Louis Transfer Co.
l
V

■

J

344
704
111

35 4
71
1 112

74
56

109

40
35

Cincinnati G. A Coke
Hartford, Ct., G. L..25
Jersey C.A Hobok’n20
People’s, Jersey C
.

1

lo2
165

72

80

725s

727e

207

105
85

30
8
8

94
5 41

1

54
6 4
125
11

24
LOO
50c.
50
37
87
34
94

|

Alioe
Alta Montana
Amie
Barcelona
Bassiok
Bechtel
Belle Isle
Bodie
Bulwer

35

72
80
170
80

190
95

.

•

•

200

5s, 1910..
Consol. 7s, 1888

86
Sixth Avenue
38
1st mort., 7s, 1890..
95 4
iThird Avenue
143
145
1st mort., 7s, 1890..
5 L4
52
Twenty-Third St
101
106
1st mort., 7s, 1893..
52
(LIS STOCKS.
J30
105
109
Balt. Consol. Gas
70
75
Boston Gaslight...500
110
125
East Boston
25
244 24 34 Roxbury...
10<»|

......

155
160
120
81

Catalpa Silver

t Purchaser also pays accrued interest.

X In London.

•55

*65

1-70
17-25

1*80

4*50

•20

Copper Falls

102»*
107
158
110
215
117
42

101

55
40

224

800

395
10

•20

3-75

50

Franklin
Huron

.25
25
.25
25
.25
.25
25
.25
25
25
.25
25

Minnesota
National
Osceola....
12Ug Pewabie

121

1000

"•90

•60
•25
*50

25

;

Quincy...
Tamaraok

180
115
220
107
230
114

114
24

12

34

75o.
50c.

70o.

254

26

2

24

47
48
60c.
80a
98
100

MANUFACT’ING
STOCKS.
Am. Linen (Fail Riv.)
Amory (N. H.)
100
Amoskeag (N.H.) 1000

Androscog’n (Me.).100
Appleton (Mass.). 1000

107

105
220
112

V52

’

10

Central

105

210

*65

30
116
i78
100
STOCKS.*
lo5 4 Allouez....
25
90
Atlantic
25
90
Brunsw’k Antimony.5
104 4 Calumet A
Heeia...25
130

109

110

•55

1-50

Red Elephant
10
Robinson Consol..
50
Sierra Nevada
100
Silver Cliff
50
Standard
100
Union Consol
100
BOSTON MINING

1081* Atlantic (Mass.)... 100
61
Barnabv (Fall Riv.)
160
Barnard Mfg. (F. R.)..
112
Bates (Me.)
100
113
Boott Cot. (Mass.) 1000

175

•40

...

......

124

1 st mort.,

•39

100
20
Lacrosse
10
ceadville Consol.... 10
Little Chief
50
Little Pitts
Mexican G. A Silv.100
Navalo
100
Ophir
10
Potosi
100
Rappahanock
1

•

1121* Ridge....
150

HO

7i
70

Cron Silver

•

HO

155

..

[ndepeD'1 "'nee

135

120
121

Hou8t.VV.St.APav. F’y

73
12a

Stripe

Consol. M., 7s, 1902.
Christopher A 10th St.
Bonds, 7s, 1898

1st mort., 7s, 1894..
Niuth Avenue
Second Avenue

116
60

100

Goodsliaw
100
Gould A Curry S..100
Green Mountain.... 10
Hale A Norcross. .100
Horn Silver

116

107
59

174
185

100

..

Gold

1st mort., 68, 1922..
Central Pk.N A E.Riv.

1st mort., 6s
2d inc., 6s

62

122

72
115
92
67
65

Eureka Consol.... 100
Father De 8met
100

78

..

DryDk.E.B.A Battery
ist M., oonsol.7s, ’93 HO
Scrip 6s, 1914
104
Eighth Avenue
150
107
Scrip 6s, 1914
12d A Grand St. F’y.. 200
1st mort., 7s, 1893.. 112
42dSt.Mau.ASt.N. Av.
41

82

......

Dimkin

150

161
147
22G
120
108
145
114
103
55

100
10

50
Chrysolite
14 Chollar
100
424 Consol. Pacific.... 100
50o 100
Crown Point
100

150

1134

744 754
Laclede, 8t. Louis. 100 119
121
United Gas Imp., Phil.
Wash’ton CitvG. L.20
394 39%

10 >
100
100
Caledonia B. H
100
Consol. California. 100

210

344
14
414

Bushwick Av. (Bklyn.)
Central Crosstown....

108
191

1TIINING STOCKS*
(N. Y. A SAN. FRAN.)

30

10

120

106
190
113

GOLD A: SILVER

83

B’way Surf., gu.,5s,’2i
Guar., 5s. 1905...,
Brooklyn Cable RR.,6s i024
120
Brooklyn City
1st mort., 5s, 1902.. 106
110
170
Brooklyn Crosstown.. 165
1st mort., 7s, 1888.. 105
108

138

G. L...

Mutual of N. Y. ...100
N. Orleans G. L. ..100

110

95
160

e

S

Chicago G.A Coke.IOC

Portland, Me., G. L.50
'*25" "33" St.
Louis Gas Tr...l00

..

9
5
46
210
5

Charlest’n,S.C.,Gas.25

Equitable. N. Y

1004 Brooklyn Trust

100

100

Brooklyn, L. 1
25
Citizens’, Brooklyn.20
| Metropolitan, B’klyn
Nassau, Brooklyn ..25
People’s, Brooklyn. 10
Williamsb’g, B’klyn 50

Central of N. Y
50
J
1 Consolidated, N.Y. 100

Speaking... 100

...

80

Maid. A Melrose... 100
Newton A Wat’n ..100

j Louisville
.

STOCKS, N.Y.

95
25c

Clt

72
49

Am. Loan A Trust. 100 125
25 250
§
Central
.100 455
* 47^ 484 Farmers’ Loan A Tr.25 43 5
80
Knickerbocker ....100 136
200
Long Island
130 160
Mercantile
..100 190
Metropolitan
..100 145
* 5
N. Y. Guar. A lnd.,100 115
N. Y. Life A Trust. 100 560
Union
100 425
United States
10o 525
114
120
N.Y. Sc BR’KLYN
96
08
HORSE BUS.
100
1004 BleeekerSt.A
28
Fult.F’y
101
1st mort., 7s. 1900.. 114
107
Broadway A 7th Av...
97
1st mort., 5s, 1904..
109
2d mort., 5s, 1914... 103
100

23s

Land scrip

100

Edison

64

120

76
125

150
L10
78
150

108

Baltimore A Ohio.
Cent. A So. Am. Cable

Edison Illuminating..
United States
United States Ill. Co..
TRUST CO.’S

284
7*
74

(

146

AND BONDS.
American Tel. A Cable
Atlantic A Pacific st’k
Bank’s A Merch’ts.100
General mort. cert..

ELECTRIC
LIGHT STOCKS.
Brush, Bait
100
Brush Illumiuat’g 100

STOCKS.

2

\dams
100
American
100
United 8tates
100
WpIIh. Fargo A Co. 100
TEL’PH STOCKS

100

Salem, Mass.,

115

160
145
215
119
106
142
112
100
50
77
100
GO
115
18
160
181
31
160
70
115

‘Lynn, Mass.,G. L..100

EXPRESS ST’CKS

Tropical.'

45

564 1 enu.C.AI.,con.6s
South Pitts, 1st, 6s..

133

132

85

80

Bridge A Tun—
1st, 7s, g, 1929. AAO 1133

i

6
29
27
51

Wyoming Val.Coal.100

Amer.
Erie

t. L.

i51*

5
26
25

Jamaica Pl’n.MasslOO
Lowell

Ask.

1144 115

Lawrence, Mass... 100

275

......

iQuieksilver Min’g.100
do
pref.100

American Bell

Deb’nt’re,7s,’88AAO

Bir. Div. lst.6s, 1917
JHSC’LLANEOUS

jPennsylvania Coal.50

...

3d series, 8s,’87FAA
4th do
8S/92FAA

P^ice nominal; no late transactions,




do pref.50

BONDS.

25

i50

50
50

J UISC’LLANEOUS

2658
514

64
29
115

j

*

4'

7

564

leased,8..50

3nnsylvania

244

* 27

Rich. A Alieg., rec
Rich. F. A P., com. 100
do
Guar. 7.100

25

......

Mexican
1294 New England

80

coup., 1910

jhuylkill Nav

130
4
24
6-9

Ports. Gt.F.& Cou.lOo
Prov. & Worc’ster.100
Rens. A Saratoga.. 100

Con8.M.,1911 7sJAD

orris, guar., 4
100
do pr.,guar.l0..100

175
20
15
244 25
85
182
13
13
178
177
22
18

Port.Saco APorts,lsd 6
Port Royal A Augusta

|N Y. A Perry
100
Ontario Sil. Min’g.100

9
5 9
27

100

374 Chelsea, Mass
100
294 Dorchester, Mass.. 100

TELEPHONE
STOCKS.

113

6s,g.,cp.Arg..’97JAD

ahsgh Navigation.. 50

173

Pitts. McK’ pt, A Vuu..
Pittsburg A Western..

108
116
140
109 4
115 4
111

Del. Div.

74

* 73

do

80

Coud. 7s. 1894.AAO
1st l*a.D.cp.,78,MAS
Lehigh Nav.- 44s,’14
RR. 6s, reg.,
’97.Q-F
Conv 6s,g.rg.’94MAS

7s. coup., 1902..JAJ
CANAL STOCKS.
Chesapeake A Del. .50
Del. A Hudson
100

2

Oregon Traus-Cont...
Oswego A 8yr., guar.
Pennsylvania RR. .5

9

Fraukliu
100
Gold A Stook
100
14
Bonds
414 Mexican
100
H5
N. Y. Mutual Un. Tel..
125
Mutual Union 6s....
2oi* N’west.. 7s. 1904 .JAJ
39
post al Telegraph.. 100
136
Bonds, 1st 6s
Postal T. A Cable
86
3o. Tel., 1st mort. b’ds
South’n A Atlantic.25
Western Union....LOO
7s, 19«>0, M. AN
117

7s,btAcar,1915MAN
Jusq.—6s,cp., 1918 JAJ

112
222
164 17

Ogd. &
ogc
Ohi
do

Maryland Coal
100
New Central Coal .100

36 4
28

Bid.

Brookline, Mass... 109
Cambridge, Mass.. 100

42

.

i.074

1 Penn.—68,

1LO
22 i

Pref.

Phil.

20
38
135

7

42 7e

Pref. 1

N.Y N H.&Hartf.l
N.Y. Ont.Ac West..]
N. Y. Penn. A Ohio
do
Pref

15
10

.

93

Schuylkill Nav.—
1st M.,6s, 1897.Q-M
2d M., 6s, 1907..JAJ
H>74
1074
Mort. 6s, cp.,’95 JAJ
29*8 29 4*
68, imp.,cp./80 MAN
70
69
|
6s,btAcar,1913MAN

N.England.j
do

....

4

do Pref., assent. 1
N. Y. City A Nortlie
N. Y. A Harlem

10
10

i

MISCELLANEOUS.
8outh Boston

iCommercial Tel. Co.pf.

60
50
13
40
109

j Ask.

MINING

L2l jTenn.CoalAIronColoO

Cies.AO.—6s,’70.Q.-J
Del. A

H.—7s, ’91.JAJ
ist ext,, 1891..MAN

774

Prt

Jersey Southern..

N.Y. A

....

764

j

New Jersey a N. Y...

Vest Jersey A Atlantic
Vestern Maryland....
Wheeling & L Erie 100
Vil. Columbia A Aug..
57
Vilm. A Weldon, 7.100
14 4
Visoonsin Central
314
do
Pref.
264 v ore’ter AN ash ua. 100
CANAL BONDS.
13
Cues. ADel.- ist, 6s,’86

84

)

do

Bid.

Cameron lronACt»al50
Colorado Coal A 1.100
Col. A Hock. 100.0 A I.
Consol.Coal of Md.100
Homestake Min’g.100
Marshall Cons. Coal..

93 4

...

)

BONDS—Coshnued.

Pa?e of Quotations.

STOCKS, N.Y.

105
113
16

.....

1

Michigan Cent....

754

LOO
112

..

j

First

COAL A

South Carolina.... 100
8
574 So. Pacific Co
100
50
S’west., Ga., g’d, 7.100 123
129
1694 lyr.Bing. A N. Y.100
* 5o4 56 4 Iiimmit Branch,Pa.50
10
11
93
93
Suubury A Lewist..50 5...
4S
17
Terre H. A Ind’nap.50
90
26
24
Ox A Pac. ass. pdlOO
26
1 264
Tol. Ann Arbor A N.M
Pol. Cin. A St. Louis
61 3g "6'4: Tol. A Ohio Central...
29
35
40
40
do
50
Pref.
55
Tol. St. L. AK. City...
140
137
do
pref..
220
217
J. N.J.RR AC. Co.100
215 '
Onion Pacific
54
100
544
98*' Utah Central
97
26
100
17
20
Utica A Black Riv.l 00 120
85
99
Vc.A Mass.,Tsed,6.100 139
140
55
55
Vicksb. A Meridian
4
%
14i* 154
do
4
4
pref...
8
10
42
42
Virginia Midland
28
32
Vabash Pur. com.cert
174 174
do
Pref.100
304 31

9

of

Miscellaneous.

5

45
It 9

)

Man

STOCKS AND

at Head

5 57

)

do.

40
34

St. L. Van. A T. H
It. Paul A Duluth. 100
do
Pref.10 0
St. P.Minn. A Mau.100

0

Long Island

OP

Bid.

’.
0
J
J
0
9

Lou.&Mo. River
do
Pref

QUOTATION'S

Explanations See Notes

:30

1

1887.]

;

September 8,

Border City Mfg. (F.R.)
Boston Co.(Ma88.)1000
Boston Belting....100
Bost. Duck (Mass.)700
Chace (Fall Riv.) .100

Chicopee (Mass.) ..100
Cocheco (N.H.)
500
iCollinsCo. (Conn.).. 10

'Continental ,Me.). 100
.Cres’t Mills (F. R.) lOu
Crystal Spr. Bl.(F.R-).
1010 11Davol Mills (F. R.) 100
41
| Dougl’s Axe (Mass)lOO
226
11 Dwight (Mass.).
5901 735
55 58

* Quotation

.

per share.

750

GENERAL QUOTATIONS
MANUFAC’ING STOCKS.

Bid.

Ask.

Everett (Maas.)... 100
F. R. Mac hine Co. .100
F. R. Merino Co... 100
Flint Mills (F. R.) 100
Franklin (Me.)
100
Gl’be Y.Mills(F.R.)100

78

80

Granite (F.R.)
1000
Great Falls (N. H.)100
Hamilton (Mass.) 1000
Hartf. Carpet (Ct.)lOO
Hill (Me)
100

Holyoke W. Power. 100

JacKson (N.H.)..1000

King Philip (F. R.) 100
Laconia (Me)
400
Lancaster M.(N.H)400
L’rel Lake Mills (F. R.)

Lawrence (Mass.)lOOO
Lowell (Maas).....690
Lowell Bleacliery.200
Lowell Mach.Shop.500

LymanM. (Masa.).lOO
Manchester (N.H.) 100

Mass. Cotton
1000
Mechanics’ (F. R.) 100,
Merchants’ (F. R.) 100
Merrimack (Mass) 1000
Metacomet (F.R.) .100;

Middlesex (Mass.).100

Narragans’tt(F.R,)100i

500';

Nashua (N. H.)

Naumkeag (Mass.) 103;
N. E. Glass (Mass.)375
Newmarket
Pacific (Mass.)...

90

98

98ia

Weetamoe (F. R.)100
Willim’tic Linen(Ct)25
York Co. (Me.)
750
HANK STOCKS.
Baltimore.
Bank of Baltimore 100
Bank of Commerce. 15
Citizens’
10
Com.
Farmers’.. 100
Farmers’li’k of Md.30
Farmers’ <fc Merch.,40

FarmersVtJ‘lauters’25
First Nat. ol Balt.. 100
Franklin
„•
60
German American
Howard
]
Marine
30
Mechanics’
10
Merchants’
100
National Exoh’ge. 10U

People’s

2 v.

Shoe & Leather.

Washington..

mo*

1607
755
145

Brooklyn.

Bid.

126 V
150
155 V
195

118

128
210
210

Manufacturers’.

.

225
220

182

Nassau
50,
New York
100
!
N. Y. Nat. Exch’gelOO
New York County. 100
Ninth National....100
North America
70
North River
30
Oriental
25
Pacific
50
Park
100

oLO
10*

1090

131
195

183
82
515
108 V
95
335
1670
ll< 0
117
70
100

215

100

153

155

1

Commercial Nat.. .100
Continental Nat...100

150
117

Fort Dearborn Nat

230
102
140
360

1266

900
116

1(0
925
117

T20
245

Cincinnati.

150

185

140

Nat. Lai. <fe Bk. of Com
'Ohio Valley Nat/1....
16V iQueen City National
!

National

..

08

12*
130
123

20

Connecticut River 50
Far. A Mech. Nat. 100
100
lz* First Nat
Hartford Nat
..100
! Mercantile Nat
100
12V

.....

2u

V

National Exchange.50
Phcenix Nat
100
State

84
3 L

United States
Louisville.

100
100

B’nk of Commerce.
133

Atlas

100

122

100
100

111
122

Boylston
Broadway
Bunker iliil

100

135
102

134
12 {

Bank of LouisvillolOO

11IV
L23
136

L90
Farmers’ 6z Drov..lO()
130
First Nat
100
108
City
100
German Ins. Co.’s. 100
ColumlMan
100
130 V. German
100
Commerce
100
127* German National. 100
Commonwealth ...100!
136
Kentucky Nat
100
Continental
100!
122
I Amisv. Banking Co.40
105 V
Eigle
100
Eliot
100
133
I
Everett
IOC
97 V
En change
150
!
100
People’s Bank
Faneuil Hall
100 139* 140
Second Nat
100
First National
10(0 221 % 222
100
Security
First Ward
130
loo| 127
100
Third National
Fourth National.. 100' 111
113
Western
100
Freemans’
100 10 2* 103
New Orleans.
Globe
100
95
94
Canal & Banking.. 100
Hamilton
100 124
125
Citizens’
100 i
Hide 6i Leather
!
100 116
117
Howard
loo
U5V Hibernia Nat
100
115
Lincoln
IOC llu
1 Louisiana Nat..
M2
Manufacturers’.. .100
97
95
100
Metropolitan
Market
lool 92% 93
Mutual Nat
100
Market(Brighton). 100 141 143 •New Orleans Nat..100
Massachusetts ....250 105ia 106
50 !
People’s
Maverick
loo 2221a 225
State Nat
lOOx
Mechanics’ (So. B.)100 140
L42
Union Nat
100
Merchandise
102 V
New York.
100; 102
Merchants’
100 139* 140 j America
'
100
Metropolitan
100 116*4 116*; American Exch’gelOO
Monument
100 218
222 j Broadway
25
Mt. Vernon
100 137
137V Butehers’ifc Drovers25
New England
150
100 150
V! Central National.. 100
North
ioo 1311-2 135
! Chase National ,..100
North America.... 100 1071-1 108 i Chatham..'
25
OldBoston
50
58
58 V Chemical
100
People’s
100! I59i$ it;u
City.
100

187

125
107
130
127 *
135
121
105
131
97
128

...

; First Nat

*

*Pric
Price nominal; no late

Eureka

145
120
24

Farmers’ lus.

i*42

j Girard

'235

131

Firemen’s

20

Germania

20

L27V Security

1125
1130

Washington

114

London, Eng.

128
126

Commercial Union.£5
Guardian
50

110
90
48
103
100
155

...

•

160
98

*

63 V
130
125
95 300
250

Lancashire F. & L..25
London Ass.Corp.12V
Liv. & Loud. Adobe. 2
North’ll Fire A Life ..5

123
161
86
129
118
106
114
104
170

122
160
85
128
117
105
109
102
169

125
137
143

140
145
138

137
255
138

257
139
145
i26

143
124

119
119

118
US
169
139
117

Second Nat

100
Nat
100
j 3ixtli Nat.....
100
Southwark Nat
50
! Tenth Nat. Bank
j Third Nat..
100
50
i Western Nat
, West
Philadelpliia. 100

1 Seventh

|

!

Hichtnond, Va,
! City Bank
25j
! First Nat
100
! Merchants’ Nat... 100
Nat. Bk of VirginialOO
100
; Planters’ Nat.
e Bank of Va.100
'

St. Louts.
B’k of Commerce..100
Commercial
100

Ud

i Fourth National ..100
135
95 Vm International
100
100
j Mechanics’
1

i is

143

!

121

!

sio’ll

415*'
59

107
105
103 V 104V

1

180
142

140

260
166

1.
j;
i

i

130

205
215
2450
300

Portland, Hie.

uuberiand Nat.. .40
100
j Canal Nat
! Casco Nat
100
First Nat
100
! Merchants’ Nat
75
j National Traders’. 100
1
i

140

144
145

174

40

Merchants’ Nat... 100

transactions.

Hibernia
Home

100
100
100

112

Hope
!Lafayette

100
50

Merchants’ Mutualioo

'

56
I Mechanics’ & Tr... I On
110 « New Orl’s Ins. Ass’n 30
13112 XewOrl’s Ins. Co.. 5r
141

Pacific
FIRE
INSUU’CE
STOCKS.
Baltimore.
Associate Firemen’s.5
Baltimore Fire Ins.10
men’s tnsur’ce .18
raid Fire
5

10

cliauts’ Mutual.50
onal Fire...
10

\ Last price this week.

127
140
95
91
125
190
41
118
128

128
141
97
92
127

19!

4m

120
129
95V 96
100
105
100
102
5
3%

98%

99
105
110
150
160

147
145
230

100
65
220

75

82

ioo”

%

120

125

152ia

ioo“
99

ICO

2i7ia
90
165
106
140
185

155
100

252

255
116
295
133
85

114

288
131
82
195

205

$75
23

22
73
156
6
51
34
55
40

76
161

6V
53
35
56
41
4
38

3ic
37

70

20

70

50

| Commercial
'Continental

100

Eagle
Empire City

40
100

Exchange

30

Farragut

50

50
162
150

51
103
152

120
122
140

j Firemen’s
17
iGerman-American 100

122

'Germania

123
142

1 Globe

i Greenwich

50
50

25

Guardian

100

29 %
135
135
138
103 V 105
145
116

| Hamilton

15

460
325
160
175

Lafayette iB’klyu) .50
'Long Isl’d (B’klyn).50

90
126
112
130
113

Hanover

50

I Homo
Howard
i Jefferson

100

; Manuf.

A Builders’100

| Mechanics’ (B’klyn)50
; Mercantile
50
Merchants’

Natioual
N. Y. Equitable
New York Fire

11412

Pacific
Park
Peter Cooper

j Standard

19

'Sterling

7% jStuyvesant
'

60
5V

37 V

35
100

50

25
25
100

20

50
People’s
Phenix (B’kiyn) ....50
I Rutgers’
25

7
28

*4

50

i Mont auk (B’klyn).. 50
Nassau (B’klyn)
50

j; Niagara
North River

18

40

30

Kings Co. (B’klyn) .20
Knickerbocker
30

100
128

!

I6I4

25V 26ia

United States
'Westchester

50

100

25

25

.10
Williamsburg City..50

§ Quotations per share.

122
123

loo
100

100

Clinton

260

75
57
105

165
190
120
120
120
110

City

i

55
100

150
175
100
110
115
100
30
210
240
100
100
115
97

Citizens’

110

67%

25
25
.17

Broadway
Brooklyn

120

80
97ia

173
85

Bowery

125

83ia

lfO
70

..

New York.
American

110

122
I

50
American Exch...l00

Teutonia

91

72

6

Sun Mutual

175

35
6JV

25

People’s

60

Sail Francisco.
Bank of California....
t Nat. Gold
100

Maryland Fire
!

170
112

Philadelphia Nat.. 100

170

133

New Orleans.
Crescent Mutual ..100
62*2 1 actors’ and Tr...l00
! Firemen’s
50

240* ’Germania

!j

l!

Ask.

45
75

100

|!

105'

25

Imperial Fire

North Brit. A Mer. 8*
Queen Fire & Life.. .1
62 % Royal Insurance
3

100

Nat....100
Merchants’ Nat
j j Nat. B’k Commerce.50
i Nat.B’k Germfint’n.50
Nat.B’kN. Liberties 50
1 Nat. B’k
j
Republic..100
i! National Security. 100
! Penn National
50

100
20

25
Hartford. Conn.
Etna Fire
100
Connecticut
100
Hartford
...100
100
National..
Orient
100
Phcenix
100
Steam Boiler.^
50

349

|! Mechanics’

70
120

65

Bid.

Western

180

112
138

j!
1! Manufact’r’rs’Nat.100

105

100

20
Globe
Merchants’^ Manuf 20
Miami Valley
50
Natioual
100

200

50

National

20
Co...20

Fidelity

128

100

100
20

Eagle
Enterprise

210

! Fourth St. Nat’1....100
| Independence
lOo

..

,

165

1145

j Farmers’&Mech.N.lOO

80

75
190
i 140

j 220

.......

.

City National

20
25
20
25

Aurora...
Cincinnati
Citizens’
Commercial

212

117

Philadelphia. §
B’k of N. America

; Eighth Nat..'

130
290
135

120

Metropolitan Nat...

Is V
jSecond National ....
135
131
j Third
1 ! Western German Bank
31
Hartford.
57
59V
I
46
i
American Nat..
129
1
Charter Oak Nat..
98
117
City
100

12*

1
.

100

100
Washington
Cincinnati.
Amazon(new stock) 20

......

i

19

Prescott

Shoe & Leather. ..100

170

Columbian
100
j Commercial Nat....50
148
Commonwealth Nat 50
98
I Consolidation Nat..30
152V I Corn Exchange Nat.50

140
_

North American ..100

„

97
65
17 7%
L23
295

Fourth National
60" German National...
48
| 'Market National....
1025 ' Merchants’ National
'

Neptune F. & M...100

.

! Atlas National
Cincinnati National.
Citizens’ National...
j Commercial Bank...
First National

850

.

146

Second National.. 10G 230
IOC 115
Seventh Ward
Shoe & Leather.... 100 IU’2
St. Nicholas
100 120
100
State of N. Y
Tradesmen’s
40 1104
United States Nat 100
'95*
Western National

j

100

Eliot
100
Firemen’s
100
Manufacturers’. ..100
Mass. Mutual
100
Mercantile F. & M.100

145
145

Exchange....
Republic
100

j

137V 140
170
700
200
185
210

j

Plienix
Produce

1

.-

Boston

Boylston
100
Dwelling House...100

185
172
1172
25 160
20 112

People’s

110

.

210

....

160

!Nat. Bk. of Amer..l00

103
U95

45
1020

124

! Hide and Leather. 100
(Merchants’ Nat.. .100
I Metropolitan Nat. 100

28
80
60

......

123
112

Chicago Nat

260

75

Chicago.
American Exch. Nat..
Atlas National

100|

Metropolitan

|American F. & M..100

170

100
Market
Mechanics’
25
Mechanics’ & Tr.. .25
Mercantile
100
Merchants’
50
Merchants’ Exch’e 50

....

Insurance Stocks.
Boston.

175
124

Continental
100
Corn Exchange ...100 187
East River
25 1130
Eleventh Ward
25 150
First National
100 1500
Fourth National... 100 144
Fulton
30 150
Fifth Avenue
100 700
Gallatin National ..50 1210
Garfield
100 200
German American. .75 112
Germania
100 200
Greenwich
25 112
Hanover
100 170
Importers’ & Tr...l00 330
Irving
50 142
Leather Manufts..lOO 206
Manhattan
50 160

160

Ask.

137

25

Citizens

Charleston.

Blackstone
Boston Nat




127 V

310
150

71V 72
155
153
1045 1050
87
no
L235 1240

150
K9

Central

127

of Quotations.

Bank Stocks.

140
1 315

760
148

[850

825

Second National ..100
Third National....100
Union
75
Western
20
ISo*ton.
Atlantic
..100

100
100
100

Ask.

126 V 127
103* 104
119 V 121
115V 116
100
loO*
95
94
101V 102
143V 144
L28
127
104
103

.

Wampanoag(F.R.) 100
Wasliingt’n( Mass.) 100
Weed Sew. M’e (Ct.)25

Bid.

126
149
155
185

Rockland....

114
230
245
90
88
790
800
200
193
82
821*
225
1020 1030
103
ICO
470
460
62G
615

Sagamore (F. Riv.) 100 '104
Salmon Falls(N.H.)300! 2ou
Sandw.Glass(Mass.)80. 25

Thorndike(Muss.,)1000
TremoutJ: S. (M a ss) 100
Troy C. a- W.(F.R.) 500
UnionC.Mi. (F.R.) 100

Bank Stocks.

87is

Pocasset. (F.R.)...100
Rich. JBord’n(F.R.) 100.
Robeson (F. Riv.) 1000'

Shove (Fall Riv.). 100
Slade (Fall Riv.).. 100
Stafford (Fall Riv.) 1 Ou
Stark Mills(N.H.)IOOO
Tecumseh (F. R.). 100

OP STOCKS AND BONDS—Concltoed.

139V GO

90
500. c30
1000; 1665

500;

[VOL. XLV.

Explanations See Notes at Head of First Paste

For

Pepperell (Me.)

CHRONICLE

THE

302

300
150
115
220
60
120
110
135
60

110
200
85
75
90
110
60
50
80
90
135
100
165
90
160
95

170
85
170

100
53
140
100
65
110
140
145
-60

35
225
260
108
110
125
102
315
160
125

250
75
130

110
142
80
130
210
100
100

100
130
80
70
100
100
145

110
L75
100
175
105
180
95
iso
110
70
150

110
fcO
124

156
160
285

September 3,

THE CHRONICLE

1887.J

303

ments—Interest

on
bonds, $552,809; rental leased lines,
$45,605—total, $598,415. Balance deficit, $8,163 ; deficit from'
last year, $432,208—total deficit, $440,371.

imrestweut
AND

GENERAL BALANCE SHEET DECEMBER

Intelligence.
The Investors' Supplement contains a complete exhibit of
the Funded Debt of States and Cities and of the Siocks and

C >et of road, etc
$18,152,176
Stocks and b’ds own’d.
78,278
Materials and fuel
96.932
Bills receivable
173,196
Current accouut s
166,121
C^slion baud
33,265
Profit and loss
440,371

Bonds of Railroads and other Companies. It is published
on the last Saturday of every other month—viz., January,

Total assets...

March, May, July, September and November. and is fur¬
nished without extra charge 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.

Gross earnings

t

f Albia, la., to Xorthwood. Ta.
\ Oskaloosa to Iowa, Junction, Id

c*

....

$19,110,335*

to

189*48

183*90-373*33 miles.
Mon¬

tezuma.

year

follows:

9 4,494

ending December 31, 1S8&.J

Branches—Montezuma—G. A M. Junction

ending June 30, 1887.^
The first annual report of this company made for the year
ending June 30 has just been issued. The report says that dur¬
ing1 the past fiscal year the company has been engaged in the
construction of its line, and has operated only portions of it.
For the first five months, ftom July 1 to December 1, 1886, it
operated 109 2 miles—from St. Paul, Minn., to Lyle, Minn.,
and leased (to the Central Iowa RiiKvay Company) from Lyle
to Manley Junction, Iowa, 20 2 miles.
For the last seven
months, from December 1, 1886, to June 80, 1887, it operated
171 ’02 miles of newly-constructed road from Hayfield, Minn.,
to Dubuque, Iowa.
Also from Januarv 1 to June 30, a branch
of 63 miles from Sumner, Iowa, to IlamptOD, Iowa. Aver¬
age miles operated for the year, 240.
Leased to Central Iowa
Railway Company, 20 2 miles. The line from Chicago west to
a junction with the Illinois Central near Freeport,
Ill., 97 08
miles, was commenced in 1886, and opened for traffic in
August, 1887, the company having a contract for the use
of the Illinois Central between Freport and Dubuque, pending
the completion of its own line (which it expects to have com¬
pleted by January 1 next). The first through trains between
Chicago and St. Paul and Minneapolis will commence on the
first day of August, 1887.
The earnings of the company for the past year have been ae

1,657,786
305,354

Railway.

.

Minnesota & Northwestern Railroad.

7,313,000'

Lines of road
Arnin
1

(For the

Total liabilities

Central Iowa
year

$9,769,700

Common.$5,769,70 >
Preferred 4,000,000
Funded debt
Bills payable
Current accounts
Accrued taxes and iut.

$19,140,335

(F»r the

31, 1396.

Capital stock

13*61

State Center

Newhorg to State Center

26*64

Story City -Minerva Junction to Story City
Belmond—Hampton to B lmond
5
Newton—New Sharon to Newton
Leased—Minn. A N. W. RR.—Mauley

34*51
22*20
27*7,5—12 4*71 miles.

Junction to

Lyle

20*20

Mercer

County Bridge Co.—Tracks at Missis¬
sippi River
Trackage—Peoria A Pekin Union Railway-Iowa
Junction, 1)1., to Pcoiia, Ill

2*57— 22*77 miles.
3*50 miles.

Total length of line owned and leased

5 M*3~ mile?.

Average length of line operated during fiscal year

512*72 miles.

Operations for year ending December 31, 1886.—Train mile¬
age (passenger, 419,031 ; freight, 966,522), 1,415.553 miles.
Total engine service, 1,701,146 miles.
Passengers carried,
323>54 ; carried one mile, 9,154,672. Tons freight moved,
773,688 ; moved one mile, 93,002,435.
EARNINGS.

EXPENSES.

11 Months

Month

ending

ending

Nov. 30/66. Dec.31/86

Passenger

$234,7*7

Freight

$18,462
102,633
3,136
1,080

901,794
32,726
11,260

Mail

Express

11 Months

Month

ending
ending
Nov. 30/86. Dee.31,’86
Transporta,’n...$4^4,207 $51,412
Motive power..
6b.357
5,431
Maint’ceof cars
65,520
7,799
Main’ce of way 291,714
17,208
Miscellaneous
150,781
12,994
.

Tot.($2,302 65
per mile). .$1,190,619 $125,312

$37L49S

Tot. ($2 062 69
per mile). .$1,057,591

$94,847

Net

earnings for eleven months ending November 3d, 1886
Operating expenses, taxes, Ac
606,796
(10 42 per cent), $123,037. Add rental (B. C. R. &N. RR. Co.),
Net earnings
$266,702 $12,833 ; other receipts, $3,435—total available revenue, $139,Interest on bonded debt
230,170 306.
Payments—Interest on bonds, $624,672 ; car trust, $34,965;
floating
debt, $22,114; rentals le?sed lines, $11,387 ;
Net earnings of railway7 carried to credit of income
$36,551
transportation certificates redeemed, $15,422 ; other payments,
[GENERAL BALANCE SHEET JUNE 30, 1887.
$11,812—total, $720 275. Deficit for eleven months, $580,968.
gscis.
Liabilities.
Surplus from 1885, $152,271. Net deficit, as per balance sheet,
Cost of road,367-82 m.$12,489,892 First mortg. bonds.... $6,097,000
3 514,200
Cost of biidge, St. Paul
Preferred stock
$428,697.
terminals, Ac.
1,245,398 Common stock.
4,816,700
Net earnings for month ending December 31,1886 (receiver’s
Equipment.
172,848
J.,*39,479 1 Dueou audit’d vouc’rs.
statement),
$30,465. Add rentals and other receipts, $1,421—
Municipal A other bds. ” Id,684 Due on pay-rolls.
62,212
Accounts receivable...
total,
$$31,889.
Payments: Rentals leased lines, $1,067: con¬
Due
on
accounts
166,685
210,494
Fuel <fe other supplies.
63,758 Dubuque & Dakota HR.
struction, $2,568. Surplus $28,253.
;

Cash

Total

277,092

bonds
Balance of income and

630,COO

$15,583,191

profit A lots account.

80.534

I

Total

$15,583,991

Note.—Iu addiiion to the above liabilities $2,379,000 of first mort¬
gage bond-* have been deposited in trust as collateral against money
advanced for th* cons* ruction of 145*97 miles of railway between Chi¬
cago, III., and Dubuque, Iowa, and as collateral against money advanced
for additional terminals and equipment; alto $l,oOO,OOo preferred and
$1,500,0-0 common stock have been issued on .the same accouut for
97*08 miles.

The following statu tics of companies which have issued no
annual repoits for the year 1856 are taken from the volume of

Poor's Manual ju t issued, to
iu the files of the Chronicle:

make

a more

complete record

Railway.
(For the year ending December 31, 1886. ^
Trains run—passenger, 6,867,162; freight, 43,810,540; other,
1,693,893—total, 53,371,595 miles. Passengers carried. 712,462;
carried one mile, 52 243.829; average mile rate, 2*6*8 cents.
Tons freight moved, 1 099,304; moved one mile, 256.797,076;
average ton-mile rate, 167 cents.

1*50 miles.
1*50 miles.

White Bear Braucli— East

Minneapolis to White Bear Lake 12*50 miles.
Trackage—8t. P. & N. P. HR.— St. Pa 1, Minn., to Minne¬
apolis, Minn
10 05 miles.
Total length of lines owned (367*5
December 31, 18?6

miles) and operated

Average length of line operated during fiscal

378*00 miles.
361*60 miles.

year

Operations for the year ending December 31, 1886 (3 >4*6
mile.-).—Train mileage—passenger, 414,252; freight and mixed,
782,697; other, 39,277—total, 1,23*,226 miles. Passengers car¬
ried, 364,443 ; carried one mile, 13,926,630 ; average mile rate,
2 27 cents.
Tons fre ght moved, 1,031,461 ; moved one mile,
98,372,684 ; average ton-mile rate, 1*20 cents.
EXPENSES.

EARNINGS.

$296,663
1,1-4,'>13

Maintenance of way
Maintenance of cars
Motive power.

....

$272,244
102,017

Express

27,672
*3.507

Transportation

348,486

Miscellaneous

17,762

Migceil

14 5.746

ineous

and taxes.

177,586

Total ($2,869 12 $ in.).$1,046,081
19$ ra.).$1,549,618
Net earnings (32 49 per cent), $503,537.
Add interest and
dividends received, $'8,433; rental leased roads, $57,077;
otter rents, $1,203.
Total available revenue, $590,252. Pa}-1




Transportation
General, Ac

1.311,936
418,986

Tot. ($3,709 56 p. m.) $5,516,113

Balance, net earnings (8*71 per cent), $526,191.
received, $68,400; rentals paid, $53,582.

Line—Minneapolis, Minn., via Fort Dodge, Iowa, to
260*00 milep.
Angus, Iowa
92*00 miles.

Total ($1,250

162,506
41,091

4,282,447

Mail
Miscellaneous

Rentals

:—

Pacitie Division- -Hopkins, Minn., to Morton, Minn
Kalo Branch—Kalo Junction, la., to Kalo, la.
Lake Park Branch—Lake Park Junction to Lake Park,
Minn.

Fi eight
Mail

182,020

Maintenance of way... $1,716,687
Maintenance of cais...
382,243
Motive power
1.636,259

$1,374,239

Freight,
Express

GENERAL INVESTMENT NEWS.

Main

Passenger

EXPENSES.

EARNINGS.

Passenger

Tot. ($4,063 42 p. m.) $6,042,304

Minneapolis & St. Louis Railway.
(For the year ending December 31, 1836.^
Line of road

Texas & Pacific

Railroad Net Earnings.—The following table shows the
latest reports of net earnings not heretofore published.
■Jan. 1 to July 31.
July.
1887.
$

1886.

1887.

$

$

Gross. 165,436
Net...
59,081
Canadian Pacific. Gross. 1,057,298
Net...
391,186
272,249
*Gr. Rap. & Ind... Gross.
Net
100,427
Louisville A Nashv Gross. 1,3 26,663
Net... 54 2 308

161,084

1,109,867

52,136

399,405

Name of Roan.

Allegheny Valley.

.

.Gross.

Memphis A Char..

999,348

5,786,091

45 8,222

1,332,523
1,602,023
518,771
8,746,838
3,273,044
885,038

238,799
95,361
1,257.207
550,182
127,897
95,463
20,590
54,973

Net...
Mexican Central...,.Gross. 373.464
276,539
Net...
148,345
72,0r> 2
N. Y. L. E. A West. Gross.2,131,200 1,985.367
Net...
631,854
606,865
N. Y. A New Eng.. Gross.
337,257
345,502
8 9,231
120, *73
Net...
33 4,764
Norfolk A Western Gross.
256,280

Oregon Imp. Co
Phila. A Erie
Pliila.
*

A

Reading.

Al! lines.

Net...
.Gross.
Net
Gr S
Nel...
.Gross.
•

124,(97
379,377

120,562
386,976
177,122

,824,657
Net... 935,483

93,114
301,606
120,062
323,497
112,369
1,832,675
861,153

153.803

2,692,157

1,196,959

1886.
$

997,602.
346,984
5,158,690*
1,751,837

1,320,009
407,103
7,587,740

2,832,669
690,460

156,349
2,119,904
658,852
,

13,577,505 12,442,416
3 883,200 3,409,285
2,297,155 2, ’ 36,330

702,370
678,266
1,' 05,669
2,214,548
659,210
854.377
1,541,127
2,183,779
339,361
550,086
1,991,207
2,251,377
822,0G3
943,233
11/ 79,155 10,559,020*
6,122,463 4,141,08‘A

304

THE
,—Jan. 1 to

””

CHRONICLE.

July 31.—>

1887.
1887.
1880.'
1886.
Name of Road.
$
$
$
$
P. & R. C. & I. Co...Grose. 1.77^,4 39 1,295,170
9,424,485
7,72*,239
Net... 137,767 df.234,932
422,909df.l,356,713
6hen. Valley
Lross.
4(K,213
367,743
66,129
71,690
Net
11,593
14,234
65,589
30.112
Union Pacific
Gross. 2,4:9 372 2,393.478 15.501,264 13.724,535
Net...1,167,680 1,042,-23
5,850,652
4,596.658
June.
/—Jan. 1 to June 30.
..

/

n

1887.
Name

of Road.

Chicago & Alton... Gross
'

$

Net...
Gross.
Net...
Southern Pacific RR.—
No. Div. (Cal.)
Gross.
Net...
So. Div. (Cal.)
Gross.
Net...

Minn. & Northw

114,963
47,213

43 590

25,168

1,657,179
1,239,123
9©,629
512,672
140,603

164,585
84,795
298,084

139,769

796,257

69,4 63
311,366
111,495
117,103

341,921
1,94 ,5*1

192,327
66.622

«-ross.

67,605
130,383

Net...
New Mexico Div Gross.
Net...

63,505
62,399
28,146

Arizona Div

$
3,964,931

Net

-Col. & Hock. Valley.Gross.

1887.

1886.

1886.
$

622,560
26*,458

-

47,844
54,097

25,361

178,381

633,968
83\701
365,510

58 4,3*6

372,5*09
169,428

350,58

779,“37
371,491

Lake Shore & Michigan Southern.—The official report of
and six months ending June 30,

this company for the
quarter
shows the following:

ENDED JUNE 30.

Gross earnings....

.

.

Other income.
.

183,740

.

Deficit..

1885.

1886.

$3,250,132

$3,426,530
2,144,605

$4,443,860
2,419,431

$1,281,925
45,904

$2,024,429

$1,327,829

$2,06-*,639

1,094,253

1,097,455

233,576

972,184

2,178.303

.

i

company shall be placed in competent hands satisfactory to
the syndicate.
Third. That satisfactory contracts shall be
the Baltimore &

Keoknk & Western—Centreville Moravia & Albia..—The
lease of the Centreville Moravia & Albia
Railway to the Keo¬
kuk & Western has been ratified.

1,678,007

conditions are as follows: First. The verification of state¬
ments, &c., as mad^*. Second. That the management of the

en

may be looked for.
The territory in which we have been
pushing operations is in every way important enough to war¬
rant our liberal extension
policy.”

so

61,582

Baltimore & Ohio.—With reference to the Baltimore &
Ohio negotiations, the following official announcement was
made yesterday (Friday) afternoon: “A
preliminary contract
has been executed to-day between the Baltimore & Ohio Rail¬
road Company and J. S.
Morgan & Co., B tring Bros. & O.
and Brown, Shipley & Co., of London, and their allieu houses on
this side.
This contract provides for the negotiation of $5,000,000 B. & O. consolidated 5s and $5,000,000 B. & O.
preferred
Btock, for the purpose of paying off the entire floating debt of
the company and placing it upon a sound financial basip. The

made betw*

quently no more of the $15,000,000 mortgage will be imme¬
diately issued. It is probable that our work in Tennessee will
be resumed next year, and if so another issue of
$1,000,000 or

3,522.328
1,420,36 L

[Vol. XLV.

$1,071,829
$1,071,829
1,085,132

i

ENDED JUNE

30.

1885.
.

.

.

Other income.

Deficit

Surplus for six months
Includes 240

45,210

$13,303

Surplus.

A

1887.

1886.

1887.

$6,485,203
4,516,781

$6,931,734

$8,642,417

4,227,885

*4,827,718

$1,968,422

$2,703,749

$3,814,699

45,9*4

63,774

$1,968.4 ?2

$2,749,653

2,014,332

2,177,579

$3,878,473
2,122,455

$572,074

$1,756,018

$75,910

new cars.

Ohio and the other roads for

Louisville Fvansville & St. Louis.—It has been voted by
business, which shall remove all antagonism the stock and second mortgage bond holders of the
Louisville
between them on the subject and insure the permanent work¬
Evansville & St. Louis Railroad Company to construct the
ing of the Baltimore & Ohio in entire harmony with the other
Huntingburg Tell City & Canneiton Road to Inoiana, and
trunk lines; also avoid construction, or threat of
construction,
£>f expensive parallel lines north and east of Philadel¬ guarantee its bonds to the amount of $12,500 per mile.
Louisville & Nashville.—The gross and net earnings for
phia. The houses interested on this side are Drexel, Morgan
.& Co., Drexel & Co., Brown Bros. & Co. and
July,
the first month of the fiscal year, were as below :
Kidder, Pea¬
1887.
1886.
body & Co.
Gross earnings
$1,326,663
$1,257,207
Central Iowa.—A Chicago report says: “ Central Iowa and Operating expenses
784,357
707,025
branches advertised for sale September 17 and 24.”
Net earnings
$542,306
$=>50,182
Central of New Jersey.—The Stock Exchange has stricken
Manhattan Elevated.—The balance sheet of this company
Trom its list the entire issue of adjustment bonds of the Central
on June SO was officially
reported as below:
Railroad Co. of New Jersey, the same having then called and
Assets.
the cash deposited with the Central Trust Company for their
Lease of road and equipment
$14,014,000
payment, under an option reserved to the company by the Stocks and bonds of other companies
11,771,200
other permanent investments, real estate
terms of the original mortgage.
983.281
Supplies on hand
212,884
Chicago & Alton.—The statement for the six months end¬ Due by agents of this company on account of trafiic
55
Due by others, not agents-of this company, on account of
ing June 30 was as follows :
New

York

1887.

Gross earnings

Operating
Net

expenses

earnings

1

Chicago & Eastern Illinois.—This

1886.

$3,9*4,931
2,307,752

$3,522.:-28

$1,657,179

$1,420,361

2,101,967

company reports opera¬

tions for the fiscal year ended June 30 as follows:
18Q6.

$1,934,059
16,044

$1,724,564
98,823

$109,495
fee. 82,77*

$1,950,104
1,080,048

$1,8 3,388
957,136

$126,715

Net earnings
Taxes and rentals

$870,055
277,570

$-6*.252
265.933

$3,803

Actual net
Interest

$.*92,485

$60’, 318
341,284

Total gross

Expenses

372,<.00

Total
Liabilities.

1887.

dross earnings
Other income

!
traffic
Due by companies and individuals on open accounts other
than trafiic
Cash on hand
Sundries
°
Profit and loss (deficiency)

Increase.

122,911

11.037
Dec.

$7,833
30,916

Cot solidated

capital stock
Capita 1 stock, preferred :

Stock agreement of August 1, 1884
Loans and bills payable
Inter* st on funded debt, accrued
Dividends unpaid
Due for wages, supp les, Ac
Due companies and individuals on open account
Bonds and mortgages
Sundries
Total

In

14,871
318.458

65,990
308,886
6,392

$27,696,019
$24,638,440500

132,260
800,000
56.358

265,317
653,194
146,452
250.400

759,095
$27,696,019

reply to the question, “Has the Manhattan Company a
$220,285
$259,034 Dec. $38,748
a °o) 75,COO
(5^ %) 165,000
90,000 floating debt of $1,500,000?” the Stockholder reports Mr. Jay
Gould >s saying: “It has no liability now that it did not have
Surplus
$184,034 Dec $128,748 when I
$55,285
paid 120 for my stock, ar:d I purchased with a full
Total surplus June 30
$570,331
$515,046
$55,285
knowledge of its financial condition. The fact is, that sooner
The earniDgs have shown a gain over previous years, and or later we will have to provide for the carrying of 1,000,000
the dividends have been increased from 2% per cent to 5^ per passengers daily, or double our present business, and with
cent, and the last dividend paid was at the rate of 6 per cent i hat end in view we have been purchasers of desirable real
per annum.
estate, have built new stations, made extensive improvements
Colorado Midland.—This road was opened on September 1 and betterments, and the indebtedness created in this way
for through business between Colorado Springs and Leadville, has now been funded into a 5 per cent bond which th^ Man¬
hattan Company has sold to wealthy st curity-holders at 105;
about 120 miles.
hence the so called floating debt no longer exists. (These
Fast Tennessee Virginia & Georgia.—A mortgage for
bonds are probably some of the N. Y. Elevated Debentures
$15 ,000,000 was placed upon the property of the East Tennessee dated in
lt86.)
some months ago, and the proceeds were to be used as needed
for new constiuction, improvements, &c.
Memphis
& Charleston.—The gross and net earnings for
Mr. Calvin S.
Brice, Vice-President of the East Tennessee Virginia & Georgia, July, the first month of the fiscal year, have b*en as below :
is reported in the Commercial Bulletin as explaining
July.
the
1887.
1886. 1
mortgage matter as follows: “The $15,000,000 mortgage, Gross
earnings.
$127,897
$95,463
which some three months ago was placed upon
the East Operating expens 8 and taxes
74,873
72,f 24
Tennessee’s property, is what is known as a continuing mort¬
Net earnings
$54,973
$20,590
gage.
In other words, it can be issued in any number of
parts according as we want the money for any purpose. Oo’y
Memphis & Little Rock.—A dispatch from Little Rock,
$1,000,000 of the amount has been issued up to the present Ark., September 2, says: “The Memphis & Little Rock Rail¬
time. This amount has been exp°nded upon our improve¬ road was sold under mortgage this afternoon to R. K. Dow,
of New York, jhe price paid being $2,800,000.
ments on old lint 8 or purchases of
The road will
new ones in the Southern
coal territory,
especially in Tennessee, where cur resources in be extended to Dallas, Tex s ”
this branch of business are enormous. Extensions of our cld
Mississippi & Tennessee River.—The board of directors
lines are also being made. For the present »he East Tennessee have closed a contract for the contruetion of that
part of the
is going to give up work in that locality,
however, and conse¬ road from Coiinth to the Tennessee River.
Balance
Dividends




September

THE CHRONICLE.

3, 1887.]

New York Lake Erie & Western.—The gro3s and net

earn¬

3£be Cammjeraal gxmzs.

ings for Jmy and fr>m Oct. 1 to July 31 were as follows, in¬
cluding: 68 p. c. of the earnings of the N. Y. Penn. & O., the
other 32 p. c. being paid as rental:
July.
/

1887.

Gross earnings

v

Oct. 1 to
1886-7.

,

1886.

$2,131,200 $1,9x5.366

$19,*46,025
13,990.656

July 31.

305

COMMERCIAL

*

1885-6.

EPITOME.

Friday Night, Sept. 2, 1887.
important feature of the week’s business is the
Net earnings....
$631,854
$306,864
$5.S55,3o9
$5,209,020 apparent termination of the state of
semi-panic which has for
New York & New England.—The statement for the quarter several weeks
dominated the Stock Exchange. The
change of
ending June 30, as reported to the N. Y. Railroad Commis¬
tone has been accompanied
by a pretty general revival of
sioners, and for the nine months from Oct. 1, is as follows:
confidence in values, which has extended to
s—Quar. end. June 30.-^
/—9' mos.end .‘June 30->
nearly all staples
i8S7.
1886.

1,499.346

Operating expens.

l,37-,502

1886-i7.

earnings

$18,208,476
12,999,448

1x8

-86.

Operating expenses.

$9<1.309
700,772

,$922,759
652.74L

$ >,979,565

2,039,773

$2,724,449
1,796.572

earnings....

$280,537

$270,018

9,708

13,100

$939,792
71,082

$927,877

$290,245

$283,118

311,726

$1,010,-74

260,953

932,852

$987,838
1.004,010

Gross

Net

Other income
Total income....

Charges
Balance

df.$21,481 sur$22 165

sur.

59.961

which the securities were taken were not disclosed.
It was
believed in Wall Street that by means of this transaction the

Oregon & Trans-Continental Company would be placed in an
Casy situation as to its floating debt, and would be relieved of
any trouble in case ot‘ pres-lire in the money market.
[An advertisement last week concerning the Northern
Pacific election contained certain
personal remarks, and also
statements as to the O. T. Company, which escaped the obssrvafeion of the publishers of the Chronicle.
II id these bet n
noticed they would not h ive been
published, even as an adver¬
tisement.]
Philadelphia & Heading.—The gross and net earnings for
July, and from Dec. 1 to July 31, have been as below given.
The net earnings of both companies aggregated
$1,073,250 in
July, 1887, against $026,221 in July 1880; for the eight months,
net in 1880-7 were $7,192,014, against $3,439,583
in 1885 0.
RAILROAD CO.

July.
1887.

,—Snios. Dec. 1 to July 31.—

1886.

Gross earnings

1886 7.

1885-6.

$1,92 4,637 $1,832,675 $13,5 »5,S67 $12,207,795Operating expenses..
889,174
971,521
6,765,H3
7,3^5,930
Net

earnings

$935,483

$861,154

COAL & IRON

July.

/

1887.

Gross earnings

$l,778,i39
Operating expenses 1,640,672
Net

—At

earnings

$6,790,754

$4,871,865

CO.
v

1*86.

$137,707 def.$2a4,932

agriculture.

make

Trade for the

satisfacto-y

autumn

1x86-7.

10.365,750

18X5-6.

9,073,496
10,505,778

continues to

season

but the heavy burdens of taxation,
restrict the profits of busiuess within narrow
progress,

and other causes,
limits.
The following is a statement of the stocks of
leading articles
of domestic and foreign merchandise at dates
given :
00
^
Pork
Lard

Tobacco, domestic
Tobacco, foreign
(Jollee, Rio
Coffee, other
Cotiee, Java, Ac

.

bbls.
tea.
hhds.

..

Sugar
Sugar
Sugar
M«lado

c -~

1886.

Sept. 1.

18,476

43,984

24,621
45,151
45,619

bags.

354,i91

4X3.890

bags.

14 1,720

106,180
77,250

49,185

92,850
29,011

Rosin

bbls.
bbls.
bbls.

Spirits turpentine
Tar

232.881
89,800
6 4,600

2.-93

2,226,49*

2,343,759

None.

2,0€8.249

22

2,317

4*>0

1,879
1,000
389,400
1< 6,048

1.367
500

750

No.

44,821
45,041

29,832

Molasses, foreign
Molasses, domestic....
Hides
Gotten

11.990

36,235

37.491
None.

hhd*.

Rice, E. I
Rice, domestic

1887.

Any. 1.

16,303
19,05 l

hhds.
boxes.

346,200
36,i2 4
18,239
8,424

15.812

3,000

6 13

796

3,500

4,040

None.

327,200
107,859
16,760
2,569
524

12,000
3,220

Pkgs.

4,500

4,920

bags.

None.

None.

None.

Saltpetre

16,r 00

Into butts
Mauila hemp
4iHal hemp

11,500
9,679
3,217

16,500
9,x00
14,829
2,258

14,400

Linseed

50,000
4,976

5,721

Lard for future

delivery has shown an advancing tendency,
variety of Western reports looking to some reduction in
the out-turn for the coming regular packing season, with
stocks smaller than la*t year; but to day there w>s some re¬
action toward lower figures
Lard on the spot declined early
in the week, but latterly the demand has f»een more active at
better pi ices, closing at 0 65c. for prime city, 0 77^@6
823^c.
for prime to choice Western, 7‘10o. for refined to the Conti¬
on a

nent

and 7 40c. for refined to South America.
DAILY CLOSING PRICES OF

Samrd’y.
Sept, deliv’y
6*71
..

s—Dt'C. 1 to July 31, 8 mos.-*

$1,2 »\170 $10, 67,010
1.5*0 102

of

$78,022 def.$16,l72

Oregoui Trans-Continental.—This company has effected an
important nngntiation in selling to a German syndicate, repre¬
sented here by Mr. H^nry Villard, some $6,000,000 of the
securities held by it. The sale as reported included bonds of
the Oregon Railway & Navigation Company, valued in the
trade at $3,000,000, and stock valued at $1,000,000. The bonds
had been earried for that company by the
Oregon & TransContimental Company, and the stock was from the latter com¬
pany’s treasury. These securities were, it was said, sold out¬
right. The remaining $2,000,000 of O. R. dc N Hock will be
taken, if at all, on the exercise of an option. The prices at

/

The most

October
Nov.
Dec.

“
“

“

January “

.4
..

..

..

Monday.
6*71
6*75

LARD

Tuesd'y.
672

6*76
6*73
673

6*72
6*71

6 76
6*: 3
6*72

6*78

6*77

6*77

FUTURES,

Wcdns’y. Thursd’y, Friday
6*75
6*78
6*76
6*75
6*80

6*82
6*^3
6*79
6*80
6*86

6-80

6*81
6*7 8
6*78
6*84

Pork is

$ *01,260 def.$L,432,4h2

Pniladelphia, September l,the Reading Reconstruction

Trustees advanced $1,800,000 to the receivers of the
company
that amount of overdue interest on the consolidated
and improvement
mortgages. This money is a part of the last
assessment of the stock, which realized
$3,000,000, making
about $12,000,000 that has been realized altogether from stock
assi sunents.
All of the receivers’ certificates have been
paid
off, the floating debt has been taken up, and when many
minor matters fast approaching i-ettlement have been
pro
to pay

vided for, the company will probably
open negotiations with
the first series 5s and after that go out of the receiver,*,’ hands.
—The Reading trustees have voted to
apply money from the
roceeds of the last assessment at once to the
payment of the
ack interest on the consolidated
mortgage, $1,235,000, and on
the improvement mortgage, $580,000.
The trustees will also

quiet and nominal. Pickled cutmeats are generally
betier, owing to speculative influences, and the close is dearer
at 9)4@9V£c. for bellies, 6c. for shoulders (in wli'ch there was
a large business to-day) and 12l£c.
for hams. Beef h ms are
down to $15 50 tf$16 per bbl. Tallow has advanced to
4@41£c.,
but closes dull.’ Dairv products are without decided
change.
The speculation in Rio coffee has been dull, although bols¬
tered somewhat by stronger foreign advices, and the close
this afternoon is flat at
and 18 80@ 19c. for the

18*25@ 18 70c. for the autumn months
later options. Coffee on the spot is
very firmly held, and fair cargoes Rio quoted at the close at
20{w20l£c.; but business is dull and evidence accumulates that
ihe high prices and consequent adulteration are
reducing
consumption, diverting it to teas, whose relative cheapness
attracts attention, leading to increased activity.
Raw sugars
have continued active, and prices show some further improve¬
ment.
Fair refining Cuba is quoted at 4 ll-16c. and centri¬
fugal of 96-degrees test at 5;}g'@5 13-32c., the sales to-day

probably secure the Susquehanna Canal stock of the City of
Baltimore by offering $11 a share in the third preference
aggregating about 75,000 bags and 2,000 hhds.
bonds.
Spirits turpentine has been in demand, and closed firmer at
United States Express—Baltimore & Ohio
Express.— 32!4@323^c. Rosins and tar are quiet and unchanged. Metals
Official notice has been given of the purchase of the B. & O. have been dull at drooping prices, closing unsettled and nom¬
Express by the U. S. Expies* Company. President Platt of inal. Ocean freights have been exceptionally dull for grainthe United States Express
Company said that “the contract room; to-day there was some revival, but
paid to
is dated August 17, 1887, and runs for 30
years.
The B. & O. Liverpool.
Express mileage is 5,000 miles, including all the lines con¬
Kentucky tobacco sold in August to the extent of 2,312
trolled.
The U. S. Express mileage is 15,000 miles, the new hhds., of which 996 for export and 1,143 to manufacturers and
acquisition making 20,000 miles controlled by the U. S. Ex¬ jobbers. Lugs are quoted at 4}£@5;3£c. for light and 5@7c. fo*
press Company. The B. & O. name will not be changed. The
heavy, and leaf at 6);>(a) 1234c. for light and 7)4@16c. for
U. S. Express Company will
simply operate it.” Mr. Platt heavy, with selections, light and heavy, 13@20c. Seed leaf
replied to inquiries that the agreement provided for the 3ale shows a further increase in activity at full prices. Sales for
of the express plant and the lease of the business for
the week are 2,822 cases, as follows: 500 cases 1886 crop, New
the

time named.
“T do not know whether lawyers
would call
the transaction a sale or a lease. It is an
outright sale of the
express property, but the franchise is only for thirty years. I
cannot publish the terms,”
The price paid was not made
public, one report stating that the $3,000,000 of new U. S.
Express stock was given at 50 and no cash paid, another
quoting the price paid as $2,500,000, of which $1,500,000 was
in U. S. Express stock and
$1,000,000 in cash. Notice to the
Stock Exchange was given of an increase in U. S.
Express
stock from $7,000,000 to $10,000,000.




England Havana, 163£@223£c.; 450 cases 1886 crop do., seed
leaf, 143<®1832c.; 552 cases 1886 crop, Dutch, 9@’9)£c.; 150
cast s 1885 crop, do., 6@10><c.; 400 casts 1886 crop, State Ha¬
vana, private terms; 200 cases 1881 and 1885 crops, Pennsylva¬
nia seed leaf, 9@14}£c.; 200 cases 1886 crop, Pennsylvania Ha¬
vana seed, private terms; 200 cases 1886 crop, Ohio, 73£@10c.f
and 150 cases 1886 crop, Wisconsin Havana seed, private
terms; also 450 bales Havana, 60c.@$l 05, and 400 bales
Sumatra, $1 40@$1 65. Manufactured tobacco is quoted at 15
@24c. for black work and 18(2 39c. for light work.

1THE CHRONICLE.

306

[Vol.

In addition to above exports, our telegrams to-night
us the following amounts of cotton on shipboard, not

COTTON.
Friday, P. M., Sept. 2, 1887.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week endir g

at the

ports named.

which

are

{Sept. 2), the total receipts have reached 39,309
bales, against 19,270 bales last week, 9,049 bales the previo, e
week, and 7,270 bales three weeks since, making the total
receipts since the 1st of September, 1887, 15,519 bales, against
11,703 bales for the same period of 1880, showing an in¬
crease since September 1, 1887, of 3,750 bales.

& Lambert, 24 Beaver Street.

this evening

Mon.

Sal.

Receipts at—

1,056

Galveston.

Wed.

Tuts.

1,012

Thun.

£49

2,079

1,223

Fri.

Total

9,281

2,963

Indianola, &o.
New Orleans...

1,419

2,935

83

409

Mobile
Florida

3,300

841

761

1,103

91

162

294

971

10,359
2,009

•

....

501

504

....

968

Savannah

1,522

Brunsw’k, <fcc.
Charleston
Pt. Royal, &e.

5C4

755

....

....

Wilmington....

52

•••

•

....

•

•

•

2,435

1,817

10,343

....

....

....

560

560

599

702

932

1,403

4,945

....

....

....

166

166

110

107

141

170

650

1,866

1,735

XLV,
also give

cleared,

We add similar figures for New York,
prepared for our special use by Messrs. Carey, Yale
On

Sept. 2, AT—

Shipboard, not cleared—for

Great
Other
France.
Britain.
Foreign

NewOrleans....

3,847

Mobile

None.

Charleston
Savannah......
Galveston......
Norfolk

None.
None.
715
None.

New York

6,300

Other ports...a.

1.000

None.
None.
None.
None.
None.
None.
None.
None.

Total 1887

11,862

None.

Total 1886
Total 1885

10 400
5983

200

Stock.

Total.

528
None.
700

None.
None.
None.
None.
None.

None.
700

10,640
1,255
3,829

1,000
1,6ti4

6,750

4,375

1,000

8,327

None.

949
None.
None.
None.

3,250

3,177

18,289

68,106

1,404
4,321

15.054

158,069
119,719

None.

3,250
•

Leaving

Coast¬
wise.

3,050
6,400

1,000

None.

849
24,903

9,550
1,000

11,553

17,704

Except for an irregular episode on Tuesday connected with
10
10
closing up of August contracts, the tendency of prices of
Moreh’dC.&c.
12
102
4
1
4
cot'.on for future delivery at this market has been upward for
1
80
Norfolk
275
275
West Point, Ac
the week under review.
Unfavorable crop accounts have
102
102
New York
been asserted and reiterated with much pertinacity, and
Boston
the very small stocks in American markets, together with the
Baltimore
full figures at which prices and transactions in cotton on the
3
3
Philadelp’a, &c.
spot have been maintained, gave credence to a report that an
Totals this week
6.703
8,193
4,811
5,840 9,679 39,309
4,083
effort was being made to “corner” September contracts.
For comparison, we give the following table showing the week's
total receipts, the total since September 1, 1887, and the stock To-day an irregular opening was followed by an advance on
to-night, and the same items for the corresponding periods of the repetition of unfavorable crop accounts, but a decline
last year.
was caused by the free crop movement.
Cotton on the spot
1886.
Stock.
has been quiet.
1887.
Offerings were on a very limited scale, ex¬
Receipts to
Since Sep.
This
This
Since Sep.
of
low
grades,
and odds and ends^ for which there was
cept
1887.
1886
Sept. 2.
Week.
Week.
1,1886.
1,1387.
little demand.
Quotations were aivanced l-16c. on Monday
8,414
6,417
Galveston...
13,179 and i£c. yesterday, with more doing for home consumption.
4,186 13,192
9,281
Tnd’nr>la,Art
The market to-day was quiet and unchanged, at 10c. for mid¬
15,015
NewOrlean8. 10,359
15,818
1,799
3,753
1,861
dling uplands.
56
76
2.169
Mobile
1,255
1,265
2,009
The total sales for forward delivery for the week are 439,900
Flnriri
186
186
504
501
For immediate delivery the total sales foot up this week
Savannah.
9,327
2,942
6,127 bales.
5,337
10,343
4,252
560
560
Br’sw’k, <fec
4,771 bales, including 200 for export, 4,571 for consumption*
•Charleston
912
4,529
4,718
2,385
4,945
for speculation and — in transit.
Of the above, 200 bales
166
166
Pt.Royal, Ao
were to arrive.
The
following
are
the
official quotations for
825
30
197
650
46
311
Wilmington
each
day of the past week.
M'hflad n.,An
10
10
•

70

.

•••

.

.

.

....

....

....

....

....

....

....

....

....

....

....

...

....

the

....

....

a

..

..

—

.

Norfolk

102

W.Point, &o.

275

New York...

102

16

331

204

111

t8

31,153

3

1

Baltimore...

Philadel’a,Ao
Total

15,519

103,37 L
6,009

Ordln*y.%Mb

458

Strict Ord..
G >od Ord..
Str. G’d Ord
L>w Midd’g
S^r.L’w Mid

100

60

8,770

24,231

11,763

8«,395

173,123

In order that comparison may

be made with other years, we
give below the totals at leading ports for six seasons.
Receipts at—

1886.

1887.

1883

1884.

1885.

1882

Galvest’n.&c.

9,231

13,192

10,359
2,009
10,343
5,111

3,753

10,428
2,306

5,315
1,080

10,360

New Orleans.

5,021

10,661
1,740

76

641

543

635

439

5,387

11.193

912

3,013

5,151
2,149

9,026
5,359

9,630
3,493

660

46

302

161

774

276

Norfolk

102

384

415

331

1,429

576

W. Point, &c.
All others

275

14 L

118

24

516

1,169

343

Mobile

Savannah

...

harl’st’n, &e
Wilm’gt’n, Ac

...

Tot. this w’k.

39,309

24,231

Since Bept. 1.

15,519

11,763

1,109
30,025

UPLANDS.

3,607

16,337

Nat.

Sept. 2.

2,5 0J

8,117
4,884

3

39,309

2,933

Aug. 27 lo

54

Boston

S49

;

452

33,308

1,357
28,688

Middling...

7>'ie
8=8
&llft
97ia
95s
91<*16

Good MTd..
Str.G’d Mid

101,0
10516
Midd’g Fair 1011,0
Fair
I1516

7U
7%

Good Ord..
8tr. G’d Ord
Low Midd’g
Scr.L’wMia

611,6

"516
713,6

7%
778

738
77e

75.6
713.6

811,0

81-ie

8%

813,0

8l3le

9%

9%

9%
9%

9318
9»10

9%
9%

9%
95a

9»i,e
97q

978

Scpt.

2.

From Sept, i, 188 7, ro >YK. 2,

Exported to—

Exports
Great

from—

Conti¬

Brit'n. France

StOB

New Orleans..

nent.

4,027
10,031

1887.

Exported tr —
2 Mm
Week.

10%
1030
10%
113a

Fri.

Savaanah
£barieaton

......

Great

Wilmington...
Norfolk........

nent.

Tefal.

4,674

•

•

•

•

Boston
Baltimore.

......

11,447

1,0*35

10.11Z

1.5 03

luC

2,005

...

730

7%

738

778 j 8
81316 815,6

8

9*8
9ia

94
i,58

815,0

778
S13lr

9%

9%
9*8

93a
9%

9%
9%

9llie
978

913^6

813,6

9%
91316

,

......

......

10%

10%
10%

Mtdd’g Fair 10%

1078

1O70

10%
10%
1078

Fair

11%

11%

11%

11^8

30,470

■±..




SC4

; 938

!

9%

915j6

915,6

!lo%
*1030
1050
11

lll%

9l3,a
10

10%
i0%

10%
10%

1078

1078

11%

11%
Fri.

......

iS‘319

10%
10%
lu%

10%
10%

11

10%

11%

11%

•

Moil Tues Wed

Sat.

91310

Til.

Fri.

Good

Ordinary

y lb.

Strict Good Ordinary
Low

Middling

Middling

Sits
7%

7

83,0
97,6

8%
9%

7

7

7%

7%

71>
8%

711,6

713,6

713,0

8%
9%

8%

9%

8%
9%

MARKET AND SALES.

The total sales and future deliveries each day during the
week are indicated in the following statement.
For tne con“
we

also add

glance how tho market closed
spot market

a

column which snows at a

on same days.

SALEH OK SPOT AND TRANSIT.

\

Ex-

1

port.,

Con- j Specsump in't'n I

Trail¬
sit.

Total. |

FUTURES.
Sales,

i Deliv¬

j

eries.

Sat
Steady
Mon
Si. ady 7i‘ i,t, adv
Tne* Quiet
Wed
Fii m
f imrs Firm a % adv...
i'11
-

-

Total

1,705

82,235

4,074

4.H ?5

22 130

0.H90

4.074

******

aro^

....

....

720
6 HO

...J
m

022

200
....

551

1,287!

!
-

‘

m

m

.

1
1

701

j

200 4,571

....!

....

m

m

....

....

tie avenge given ✓above are actually
no wniou ra-y are reported.

7_0
630
622
7:1

44,S00|
5

*,300

m

m

mm

m

m

mm

51.HO0!

SOO

49.80)

1,200

1,287 135.500

400

701

95,700

4,771 4 9.900

2,500

dolt/ere l the day

;:revi«>ut-, to that

......

....

le.ooi

913,6

7%

8'3lft

10

Til.

770
S1318

10%

Xlte daily

Philadelp’a, Ac

Total 38WL..

j

Wed

73s

Good Mid.. 10 >8
Str. G’d Mid 1030

,

Total....—

9%
9%

.....

Wejst Point,&c
New York

Fri.

10

4,074

’

•

9%
9%

7«8

venience of the reader

Conti¬

Britain. France

......

....

93;6
9»t0

77?

CLOSED
•••••«

Wed; Th.

10

Mobile
Florida

77a

8%

913,6 913ie 9%
10
9i516 10
915le
10%
1O3,0 10%
103,6
10%6 10% 10% 107,0
101316 107a 1O70
1O1310
11%
ll7,fi 11%
Win

Th.

4.0 >7

10,031

730

77s
8*3,0

15,101

The exports for the week ending this evening reach a total
of 32,235 bales, of which 80,470 were to Great Britain,
to France and 1,765 to the rest of the Continent.
Below are
the exports for the week and s ince September 1, 1887.
Week Ending

7%

9%

STAINED.

33.743
33,308
Galveston includes lndianom; charleston Includes Port Royal, At.;
Wilmington includes Moreh’dCity,&c.;West Point includes City Point, Ac.
22.769

M011 Tues

Sat.

7%
7%

10

vilddllng...

TEXAS.

Mon Tues

Sat.

7%
7%

10i«
1030
10%
1130

Wed
Ordln y.tf *>
Strict Ord..

NEW ORLEANS.

Mon Tues

~

7.840

The Sales

and

Prices of Futures are shown

ing comprehensive table,

by the follow¬

September

0*0

ap2

B b'*

THE

3, 1887.]

Q2Z\
p

*

® *

§?:££.§•

t§?2-

»

sj-’S

®

—•

So® g*

-t ® co

P ® "*

2

s;s

P*

brought down,
Thursday evening. But to make the totals the complete
figures for to-night (Sept. 2), we add the item of exports from
the United States, including in it the exports of
Friday only.
to

tr® ® 5*
P ® - so

"w o”L

(►

&££

:

•
.

»*r»

:

p-rc

*

to

o:

®

® ®

vj

^ <rt

|E?

h--i p o

©■
*i t

■

307

those for Great Britain and the afloat, are this week’s
returns,
and consequently all the European figures are

Q^®|o 3£g

GhjTD©

*
C5 ® O'

o

00

g

QJgf
3-“

CHRONICLE.

1887.

1886.

1885.

1884.

bales1

532,000
41,000

456,000
20,000

591,000
23,000

697.000
70,000

Total Great Britain stock.

573,000

476,000
3,000
32.300
21,000

613,000

767,000
4,900

3 JO

600

800

1,700
154,000
4,000
44,000
10,000
9,000

2,300
212,000
6,000

9,000

1,100
113,000
6,000
43,000
14,000
7,000

351,200

240,700

304,200

408,70o

924,200

716.700

99,000
55,000
31,000
86,395
16,792
6.280

130,000
36,000

917,200 1 ,175,70)

•

Stock at Liverpool
Stock at London

©

©5. ST^Co®

j*®
CO

P
Oi

<|0*

3@?S
00 ®

<2 $ *»«
£. OOP*

r*

g®2®
05 P "

P
*

ct o

3?
►
◄

11
11

®

®

►

%

COCO

to to

®

(p*

QD©

*1

w©

1 ® »:

:

^#OP

riO?

©

to.

®

1 d

>

%

©©

*1A

CO

©©o ©
y

l
Q“,
^

®

1 g)

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co w

®

W io

to^

i ®

»

©*©

©

©

©

cc

©©

CO
©

coco

coco

^

COCO

to to

®
T

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telegraph, is as follows.




2,540

579

2,800

302 000

154,000

Litle
Rock,

Houstn, Brenham, Louisvle, Petrsbug, Raleigh, Newbry,

i

?0

Texas. Texas. Ark.

9
Oj

,

35,000
9.000

417,000
217,000
35,000

12,010

86,395
16,792

36,000
173,123
35,934

6.280

2,54 0

579

11,948
2,800

615,467

703,597

761,(.42

794,953

254.000

154.000
20.000
h6,700

185.000

41.030
178.200

23,000
115,200

111.205

99,000

130,0(0

53,000

31,000

3,000

1,000

230,000
70,000
191,700
127,000
9,000

t 03,200
615,467

393,700
7o3,5 »7

377,2 30
7 61,042

677,700
794,95$

1,218,667 1,037.297 1,133.242 1,472.653
5 i«d.
63 n<\.
5kd.
57, &d.
1 c
10 V.
9*bhClObsO*

Kj*

N. S.

Va. C.

C.t

Total,

8t.

R
o
m
e
,
Grifn, Palestin, Dals, Memphis, 8elma, Macon, Augsta,
old Louis, Ga Atlan, Ga Eufal.
Ala Ga Ga
Ga Ala
Towns.
T
e
x
a
s
.
towns. Ohio. Mo. C. Mise. Mis. La. Tex.t Ten. Ten. Ala. Ga.

Cincat, Charlote, Columbs, Vicksburg, Shrevpot, Nashvile, Montgm’ry, Columbs,
N.

M

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127,tAH)

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131,000
17,000
137,423

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pd. to exch. 100 Deo. for Sept.
pd. to exch. 300 Jap. for Mar.
pd. to exch. 500 Oct. for Sept.
pd. to exch. 500 Jan. for Sept.

tonight, as made up by cable
The Continental stocks, as well as

(-*

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•

The following exchanges have been made
during the week:
•06 pd. to exoh. 600 Oct. for Feb.
•13 pd. to exch. 100 Jan. for Sept.
pd. to exch. 100 Feb. for Mar.
•18
pd. to exch. 10O Oct. for Sept.
•14
pd. to exch. 200 Deo. for Sept.
•11
•01 pd. to exch. 100 Jan. for Oct.
*18
The Visible Supply of Cotton

3r>,934

p

1 S>; ;

•

1

0

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99

9

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14,000
10,000

|

00

CO

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54,000

Jgg^Tlie imports into Continental ports this week have been
30,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 121,370 bales as comptred with the same date of
1886, an increase of 80,425 bales as compared with the corres¬
ponding date of 1885 and a decrease of 253,936 bales as
compared with 1884.
Ar the Interior Towns the movement—that is the receipts
for the week, and since September 1, the shipments for the
week, and the stocks tc-night, and ihe same items for the
corresponding period of 1886—is set out in detail in the followowing statement.

**

lnoluaes sales In September, 1886, lor September, 42,600;
Septenr
ber-Ootober, for October, 287,200.; September-November, for Novembei"
441,700; September-December, for December, 765,100; Septembei*
January, for January, 1,685,900; September-Februaiy, for February,
1,282,400; September-March, for March, 2,106,800; 8eptember-Aprl],
for April, 1,628,900; 8eptember-May, for May. 2.005,90C;
SeptemUeiJune, for June, 2,555,200; September-July, for July, 2,154,400.
1^ We have included in the above table, and shall continue each
weefc to give, the average price of futures each
day for each month. It
■will be found under each day following the abbreviation “ Aver ” The
average for each month for the week is also given at bottom of table.
Transferable Orders—Saturday, 9*45o.; Monday, 9*40c.;
Tuesday,
9*40c.; Wednesday, 9’45c.; Thursday, 9*50c.; Friday, 9 55o.
*. Short noticei for August—Monday, 9’4ic.
g

and

Egypt, Brazil, &c., afloat

2

coco©©
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•12
•17

London stock
Continental stocks
India afloat for Europe

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278.000
173,000
55,000

Brazil, <le.—
Liverpool stock

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60,700
44,000

111,205
11,948

3,000
173,123

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34,800
41,000

53,000
17,000
l,t;00
137,423
12,040

East Indian,

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Continental stocks
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United States inteiior stocks..
United States exports to-day..

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1,2 18,667 l.i 97.297 1 ,138,242 1 .472.653
Of the above, the totals of American and other descriptions are as follows :

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Total European stocks....
rndia col ton afloat for Europe.
Amer. oott’n afloat for Eur’pe.
Egypt, Brazi l.&c. ,afl t for E’r’pe1
Stock in United states ports..
Stock in U. 8. interior towns..
United States exports to-day.

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ThM tiifure« for Louisville in both years are

4This

©

<ix;

year’s tigcies estimated.

*'net.”

w?r

to

308~

THE

CHRONICLE.

The above totals show that the old interior stoc&e h»ve
decreased during the week 900 bales aDd are to night 19,142
bales less than at the same neii< d last year. The
receipts at
the same towns have bten 6,369 bales more than the same week
set year,

ana

since

beptemher

1 the receipts at all tLe

1,653 bales less than for the

Owns are

same

time in 1856,

Quotations for Middling Cotton at Other Markets. In the table below we give the closing quotations of
middling
cotton at Southern and other principal
cotton markets for each
day of the past weeK.
Week ending
Kept. 2.

CLOSING

Salur.

Galveston..
Hew Orleans.
Mobile

t

Savannah...
Charleston..
Wilmington..

*70

Horfolb
Boston

J8

9^8
9

9q>
93*

QUOTATIONS FOR MIDDLING COTTON

Mon.

Tues.

Wedncs.

Thurs.

Fri.

9*e

O'*

9*8

9*8

9*8

9°io

9*16

9is
8^8
9 *8

9hs

878

9

9\

9%

9^

Philadelphia.

H)51(}

1L5iq

ltoi6

9

93s

Bt Louis....

9H

Cincinnati...

93*

Look vllle....

9*1a,

9^

10
10

Memphis....

9^8

815ig

9

9*8

Baltimore....

9

9*8

9

10
10

938
9H
93a
10

9

93s
9*4
9%
10J*

9*8

9Hs

9

It
10

Augusta....

ON-

10
10
1< o16
9

93s

9^4

93!^ 14

914'i&ie

n

9

9ia

9^

10
10

:o516
9

93g
930

-

12

..

..

2,588
2,038
3,125

1886.

1887.

93*

93*

1018

It *8

9,060

2,581

20,578

57,620

7.624

1,499

21.255

49.807

6.660

20,066
19,244
20,173
17,3(9

48.719

27,937
26,018
23,967

47,r 42

22.986

47.596

23,250
23,793

-

19

4.402

8.991

7,270
9,6*9

“

26

11,696

12.153

19,270

90,025

24,^34

39,3(9

Sept. 2

1887.

1885.
860

1880.

1,876

ovei flowed.
The rainfall reached two inches and ten hun¬
dredths. Good progress being made with
picking. Average
thermometer 72. highest 88 and lowest 55. Rainfall for

four inches and

1887.

Shreveport, Louisiana.—Telegram not
Columbus, Mississippi.—We have had

Leland, Mississippi.—There has been no rain during the
Average thermometer 72 4, the highest being 88 and

week.

the lowest 56.

Meridiany Mississippi.—Telegram not received.
Greenville, Mississippi.—Crop prospects are quite poor.
Worms and shedding have reduced the
yield, it is claimed,
fully thirty per cent short of expectations. The w ek’s rain¬
fall has been thirteen hundredths of
ter has ranged from 61 to 88.

1,330

5,572

3,580
12,024

7,814

5,219
8,608

12,207
21,937 39,840
19.540

an

Vicksburg, Mississippi.—Telegram

2,710

1,930

August

thirty hundredths.

received.
rain on one day of
the week, the rainfall reaching
twenty six hundredtns of an
inch. The thermometer has averaged 69.
ranging from 52 to
84.
Rainfall during August two inches and
ninety-seven
hundredths.

93s

1010

1880.

Beltoiiy iexas.—It has rained hard on four days of the
we^k, good for some purposes but too late to help
cotton,
Picking has been partially interrupted. The thermometer has
ranged from 68 to 91, averaging 80.
August rainfall two
inches and fourteen hundredths.
Weatherfordy Texas.—We have bad hard rain on two days
of the week, mainly beneficial but some bottoms h^ve
been

9*4

93*

1885.

hundredths.

Ne //> urleai.s, Louisiana.—It has rained on three
days of
the week, the rainfall reaching
sixty five hundredths of an
inch. The thermometer has averaged 80.

Receipts at the Ports. St'h at Interior Towns. Rec'pts from Plant’*
1886.

Jalj 20
Am. 5

headway. The thermometer has averaged 80, the highest
being 91 and the lowest 69. During the month of August
the
rainfall reached four inches and
eighty-two hundrf dths.
Brenham, Texas.—We have had very beneficial rains on
three days of the we^k, tte rainfall
reaching one inch and
thirty-eight hundredths
Picking is being actively pushed.
The thermometer has
averaged 81, ranging from 69 to 95.
Daring August the rainfall re ,ched two inches and
eighty-five

10
Id
1< 33
9

Bkceipts from the Plantations.—The
following table
Indicates the actual movement each week from
the plan
<tatioae.
The figures do not include overland
receipts nor
Southern consumption; they are
simply a statement of th«
weekly movement from the plantations of that part of the croi
which finally reaches the market
through the outports.
Week

fVoi. XLV.

.

inch.

The thermome¬

not received.

Clarksdale, Mississippi.—Telegram not received.
Glost^r, Mississippi.—The thermometer has averaged 80,

raDgmg

from 68 to 94.

Helena, Arkansas.—There has been no rain all the week.
It is claimed that crops have been
damaged by blight, rust
The above statement shows
that, although the receipts at and worms. The weather has been too cool. Picking is doing
the cutj.cits the jasi wtei
39,309 bales, theactual move¬ finely, but only a few bales are coming in, as farmers are too
ment inn* plamaticEfc wa> 39,846
bales, the balance going to busy to gin. Average thermometer 67, highest 85 and lowest
56.
increase the stocke a: the interior towns. Last
August rainfall one inch and tliirt} -eight hundre <ths.
year the
receiptsfrem the plantaticn for the same week were 21,937
Memphis, Tennessee.—It has been dry all the week except¬
bales and for 1865 they were 27,1(0 bales.
ing a light rain on Friday morning. Crop
prospects i • this
immediate section w’e»e magnificent on
August 1st, nut during
Weather Riforts by Teli graph.—Our advices
by tele¬ the month blight, just and shedding have damaged cotton
gram h to nighi ii oicate excessive rail s and floods ir
portions
fully twenty percent. Rain now wuuld not feoi
of Itxfct- aid Forth Caulii a,
benefit.
causing some damage in low Cotton is opening rapidly and picking is general. any
Tee ther¬
knes.
In oiler sections of the
Sowh, however, there has mometer has averaged 72, rangn g from 59 to f6*5. We had
teen little or no lain, and this, in s< me
districts, has been an seven days of rain during August, and the rainfall reached
nnlavoi* ble feature.
Cotton is < pening rapidly, and
except twenty one hundredths of an inch.
The thermometer aver¬
wleie iLteinpttd ly
rains, picking ^has made excellent aged 79, and ranged from 59 to 97 5.
progress.
Nashville, Tennessee.—It has rained on one day of the
bon b.'ton, Texas.—It has raired
tremendously
on four days week, the rain'all reaching forty-three hundredths of an
of the week, the lainfall
reaching four inches and eighty-six inch. The thermometer has
averaged 70, the highest being
hundredths. The the» monmter has averaged
82, ranging from 84 and the lowest 54.
71 to 91. Rainfall
during August six inches and forty-four
Mobile, Alabama.—It has been showery on one day of the
hunt rtdtbs.
week, the rainfall reaching fifty-five hundredths of an inch.
Toie.sii7.ty Tea as.—It has rained very hard on three days of Considerable reduction from the
July prospects is reported in
the wttk, the rainfall rttching four itches and
fifty eight most sections from rust and shedding. The.thermomerer has
hundndihs. The rain will benefit late
cotton, but picking averaged 77, ranging from 65 to 91. Rainfall
bfcfi been interrupted.
during August
The thermometer has ranged from 62 to four inches and thirty-one hundredths.
89, aveiagmg 74. Dmingthe n onth of August the rainfall
Montgomery, Alabama.—We have had rain on one day of
reached five inches mo nineteen hundredths,
the week, the rainfall
reaching fifty hundredths of an inch.
bhhis'iility J ea as —We have bad fine showers on four
days Cott( n is opening rapidly and the w eather is splendid. The
of the week, which weie
very beneficial.
The rainfall reached crop is about the same as at last
report. The thermometer
forty-three huiondths of an inch. Picking is progr* ssing. has ranged from 59 to
93, averaging 74. During the month of
Averaging thermometer 79, highest 93 and lowest 69. August Augu-t the rainfall reached
two inches and four hu idredths.
rail.fall ( ne inch and
45,299

27,100

seventy-one hundredths.
rain on three days of the week has
ietulteo in floods.
The rainfall reached five inches and
tw emy two hundred ha
Streams have oveiflowed,
doing
much damage to bottom
crops and railioads.
Picking
sus¬
pended.
Tie theimcmetcr has averaged 77, the
highest
93 and the lowtst 66.
During August the rainfall reached
five inches and
ninety-eight hundredths.
Austin, Itxas.—We have had
generally beneficial rain on
three days of the week, but it is too late to
help cotton. Pick¬

iJa/las, 2ta as.— Hard

Selma, Alabama.—Telegram not received.
Auburn, Alabama.—We have had rain on two days of the
week, the rainfall reaching sixty-four hundredths of an inch.
I he thermometer has
averaged 76’7, the highest being 87 and

the lowest 62*5.

Madison, Florida.—There have been light showers during
week, but the rainfall was inappreciable.
The thermom¬
eter has ranged from 65 to
91, averaging 76.
Macon, Georgia.—We have had no rain all the week. Pick¬
ing is going on rapidly and the crop continues to deve op fav¬
ing is making good progress. The thermometer has
averaged orably.
80, ranging Horn 66 to 94. Rainfall
during August one inch
(JolumbiiSy Georgia.—No rain has fallen during the week.
and thnteen hundredths.
The thermometer h»s ranged from 65 to 85,
averaging 75.
Luling, Texas.—It has rained hard on two days of the week,
Savannah, Georgia.—It has rained lightly on two days,
the rainfall reat hing one inch and
twenty hundredths; the and the remainder of the week has been pleasant. The railrain has done muc h
good. Picking is progressing. The ther¬ fall reached seven hundredths of an
inch, The thermometer
mometer has ranged from 68 to
97, averaging 84. Rainfall has averaged 74, ranging from 61 to 93.
durirg .August one inch and ninety-two hundredths,
Augusta, Georgia.— No rain has fallen during the week.
Columbia, Itxas.— Rain has fallen on three days of the The
weather has oeen clear and favorable for
picking, which
week, the rainfall reaching one inch and
makes good progress. Accounts good and
forty-one
hundredths;
the crop is devel¬
the showeiy weather
continues, which is very bad, as cater¬ oping promisingly. New cotton is
coming in quite freely.
pillars are spreading rapidly and have
already done much Rainfall during August six inches and eighty-three hundredths.
harm. Poisoning on a large scale is
attempted, but the con¬
Atlanta, Georgia,—Average thermometer 70, highest 87
stant rains
greatly interfere with it. Average thermometer and lowest 53. Rainfall for the week
ten nundredtha of an
81, highest 93 and lowest 72. During the month of
August inch on two days.
the rainfall reached four inches and
fifty-six hundredths.
Albany, Georgia.—Telegram not received.
Cueroy 'Texas.—Good rains have fallen on five days of the
Chai'leston, South Carolina.—It has rained on two days of
week, the rainfall reaching one inch. Picking is
making good the week, the rainfall reaching one inch and eighty-three

r i t




the

September 3,

THE

1887.]

CHRONICLE

The thermometer has averaged 74, the highest

hundredth*.

1887.

being 88 and the lowest 64.

is.a-efjrtrg, South Carolina.— pelegram not received.
Wilson, Worth Carolina .—'Rain has fallen on one dav of
the week to the extent of three inches and forty-one hun¬
dredths.
The thermometer has averaged 69, the highest being
76and the lowest 58.

32s Cop.
Twist.
d.

d.

Shirtings.
s.
5

Jnly2P 714
Aug. 5 74 ® 715,;. 5
1
5
"a4 7i>

Sept. 1, ’87.
Inch.

Feet.

New Orleans
....Above low-water mark.

5

Nashville...

0
1
1

Shreveport

Vicksburg
India Cotton

Movement

from

ajll

Feet.
2

1
4
3
0

4

Memphis

Sept. 2, ’86.

8

7
0
8

2

Inch
9
4
8
5
3

Pobts.—The receipts

and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Sept. 1.
BOMBAY

Year

RBOBIPT8 AND SHIPMENTS FOR FOUR YEARS.

Shipments this week.

Shipments Since Jan. 1.

Great ContiBriVn. nent.

Great

| Conti¬

2o*a** Britain'

19
26

“

714 «7'&16 5
Sept. 2 a4 3)7 l0,h 15

5,0. 0,
2.000

i.OoO

2,000

2.000

This
Week.

5,000 361.000,657,000 1,018,000
2.000 315,000 654,000
969,000
3,000 218,000 460,000
678,000

8.000 10.000 486,000 606,000 1.092,0O0

According

8

8
8
7‘a«6
7Lj©6

9
9

TTpUls
d.

d.

5916
5ia
57

6

5ia
5^3

.

7

7
7
7
7

d.

®7*a

tJTLj
nlhi
®7Lj

615|ft,3)7'tiQ

CoWn
Mid,

8*4 lbs.

Shirtings.
s.

5

5
5
5

5
5

d.
s.
6
»6
6
®6
6
®6
6
1*6
6
®6
6 **6

TJplds
d.
5'> is

d.
6
6

5kT

6
6
6
6

ft»u«

5i«
5i«

Cotton Crop Circular.—Our annual Cotton

Crop Circular
September 1, 1887, will be ready ab >ut the
Parties desiring the circular in quantities,
with their business card printed thereon, should send in their
orders as soon as possible to ensure early delivery.
for the year ending
8th of September.

Egyptian Cotton Crop.—Our correspondent at Alexan¬
dria, writing under date of August 7, sends us the cotton
leportof the Alexandria Produce Association for the month
of

July.

The letter accompanying the report makes import¬
it, and we accordingly give below a trans¬
the letter as well as of the report. The letter is as

ant comments upon

lation of

follows:
Alexandria, Aug. 7,1887.

Dear 8irs.—I send you herewith the 13th report of the Alexandria
Produce Association, for the month of July. I consider this report
very
much exaggerated in its statements concerning the worms; and from

Year.

2,000 1.447,000

4,000 1,384,000
^ 84,u0o
2,000
3,000 1 539,000

Bombay appears to show a
decrease compared with last year in the week’s receiptof 2,000 bales, and an increase in shipments of 3,000 bales, and
the shipments since Jan. 1 shew an increase of 49,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of January, for twe
yearb, has been as follows.
“Other ports” cover Ce\lon,
Tuticorin. Kurrachee and Coconadn
to the foregoing,

friends in the interior, E can assure you that the
has thus far made good progress, and has suffered from worms
only to an insignificant extent. To be sure, there have been some worms
this year in nearly all places (exeept in Upper Egypt, Fayoum and
crop

Beui-8ouef), but they seem to have made their appearance so early
that the leaves of the cotton plant weie too small to protect them from
the sun, and they were therefore diied up on the plant before it was

posable for them

to do any great injury. As regards the report by the
Association of considerable damage having been done in Galioubi6h and
Menoufl6h and some harm in other Egyptian provinces, it should be
remembered that the majority (if not all) of the correspondents of the
Association are Greek and native merchants, who loan money to the
fellahs

Shipments for the ictek.
Grea t
Britain.

Calcutta—
1*87
1886

Conti¬

Shipments since January 1.
Great
Britain.

Total.

nent.

2,000

2,000

......

Madras—
1887
1886
All otbe> /
1887

Continent..

99.«iOn

Total.

224,OOo
95.0 0

4,000
3,000

32,000

4,000

36,000

18,000

2,cOJ

20.000

7h,000
63,uOO

l.ooo

10,000

3,000
4 ,UU0

13.01 0
l 0.000

51,000
36,000

27,01*0

Total all1887
1886

6,000

19,000
13,0(>0

182.000
113.000

156,000

13 O 0
9.000

4.000

27 000

65,000

338,000
i78,t 00

The ebove totals for tUc weefi snow tnai the movement fr* m
the ports other than Bombay is 6,b00 bales mure than the sau e
week last year.
For the whole of India, therefore, the tom 1

shipments since January 1, 1887, and for the correspond! n.
periods of the two previous years, are as follows:
EXPORT8 TO EUROPE FROM

1887.

Shipments
to all

This
week.

Europe

from—

Bombay
All other ports.
Total

ALL INDIA

1886.

Since
Jan. 1.

This
week.

1885

Since
Jan. 1.

This
week.

Since
Jan. 1.

969,000
178,0'

3.000
11.100

b78.*an
137 4 C

14,100

815,4( 0

5,000 1,018,000
19,000
33->,00"

13,000

24,00

15,0* »6 1 147,00

1.356,006

2,- 00

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

>

1

the movements of cotton at Alexandria, Egypt.
The following
are the receipts and
shipments for the past week and for ci».
corresponding week of the previous two years.
Alexandria, Egypt,
Aug. 31.

1886-87.

1885-86.

1884-85.

Receipts (cantars*)—
This week....
Since Sept. 1

Exports (bales)—
To Liverpool
To Continent

Total Europe......
A cantar is 98 ibs.

-

1,000

12,923,000
This
week.

i*,6oo

Since

Sept. 1.

2,923,000
This
week.

265,000
154,000

1,000 419,000

Since

Sept. 1.

This
week.

229,000
176,000
—...

405,000

1,000

3,615,000
Since

Sept. 1.
299,000
203,000

......

502,000

t Revised.

This statement shows that the

Aug. 31

were

1,000 bales.

receipts for the week ending
1,000 cantars, and the shipments to all Europe

Manchester Market.—Our report received by cable to-night
from Manchester states that the market continues dull for both

and shirtings.

We give the prices for to-day below, and
year, for com¬

those,for^previoua, weeks of this and last
parison ^




good reports of the American crop making probable still lower prices,
merchant*-, fur the most part, find themselves caug t with con¬
tracts made* with the fellahs in May and June, and in their desire to
raise prices the> exaggeiate ten-fold all reports, such as the damage
done by the w. rms (which every year is us d by the speculators fora
rise) which could produce an increase of values. As already said, tho
crop prospects up to the present time are excellent.
The temperature
continues

—

6.000

the standing < rop, which they afterward buy at a price fixed
Because of tlio steady fall in the value of cotton, and tho

tmse

125,000
36,eOO

3,000
3,- 00

on

in advance.

59,000

......

1886

yarns
leave

8

d.
flOlO
®6 10
t?6 10
®6 lo
s.

32s Cop.
Twist.

what I hear from my

1887
1886
1885
1884

*

5

d.

Oott'n
Mid.

Messrs. William B. Dana & Co.

Receipts.

Total.

nent.

“

18*6.

8*4 lbs.

••

Fayetteville, North Car<lina(by mail)—The Cape Fear
River began to rise on Saturday morning and overflowed all
the low lands below this point.
Considerable damage it is
claimed resulted to the nver crop of cotton, which was
remarkably fln^ this year and promised an abundant yield.
The flood is now subsiding.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
“Sept. 1, 1887, and Sept. 2, 1886.

309

steadily favorable, and water has been abundant,

or

at

least

quite sufiievent, everywhere. If this continues to be the oase, and ir the
September mists do not upset these anticipations, we shall have, both
in quality and quantity, a very successful crop, and one superior to last
year.

The

Yours truly,

.

E. 8.

report of the “Alexandria General Produce Associa¬

tion, Cotion Section,” leferred to above, is as follows

:

lUUi-ra —During the month f July the cotton plant, under the influ¬
ence of a favorable temperature, developed steadily.
Flowering has
commenced everywhere. The supply or water lias continued to be
all but sufficient
the
ltivators
were
But
c
expecting, on account of the
early liso of the Nile, to he able to in igate generally wituout machines
by the end • f the month or ea ly in August. Tho worms, • xcept in
some rare instances mentioned by our correspondent* in the Southern
districts, have been le.^s numerous and have done less dam go than lust
ye;*r.
Charkieh — The temperature has been excellent and the plants almost
every where present a very tine appearance, i hey are covered with flowers
and bolls and are luri in r advanced titan last year ar the suite time.

Tiriga i

n

has beeu accomplished without difficulty.

There h

*s

b*

en an

abundance, or at least a suflh-ieuey, of water everywhere, and it is be¬
lieved ihai t e rise of tile Nile will, early iu August, permit t he w Ber¬
ing of the whole province without muehiues. The worms, after having
made a general invasion, are at present decreasing in numbers, aud
very f w are left.
The severe heat of the latter part of July must,
it is affirmed, have been destructive to them.
The h rm done by worms
is up to i he pr sent time of little moment.
It is heliev d to he generally
less than last year, except in ihe Belh6is. Minet-el-Ga nil an t Fakous
dis nets, where, it would seem, many

fi. Ids have beeu ravaged.

Dakahlieh.—Crops, with the exception of ihose attacked bjr worms, are
in excellent condition.
Water is generally sufficient.
Iri igaiiou with¬
out artificial aid was expected to begin by the end of the montu or early
in August.
Worms were universal here, but have at p e cut disap¬
peared, as in the other provinces. A number of fields in certain dis¬
tricts suffered from them, but many others escaped damage.
Our
Matisouta aud Faraskour correspondents make the m< st complaint of
them.
We think the province, as a whoie, has suffered less than last
year, and we hope that, thanks to the great heat and tne facility of irri¬
gation. the cotton plants will recover from their lnjurie*.
G dioubieh. The word received from this province is not nearly so
good as formerly. Worms have done serious damage, few plantations

being spared.

Some fields, we are informed, have been completely

ravaged and many have suffered greatly. On the other hand, the plants
which have not been attacked present a very fine appearance, aud are
in full bloom.
It is hoped tuat the present great heat will in part
repair the damage to the plants by the worms. However this may be,
the injury appears to be considerable—probably greater than that done
by them last \ ear. This province has had plenty of water. Irrigation
without artificial aid cannot begin before August 5th or 10th, as the
laud in Galioubi6h is much elevated.
Garbieh.—ln the greater part of this province, with the exception of
some parts in the south and southeast, the condition of the cotton
plants, now in full bloom and of fine promise, is highly satisfactory.

Almost everywhere dining July water has been abundant, or at least
sufficient.
The rise of the Nile has already made it possible to water
without machines the land of least elevation, and it is believed that
within four or five days it will be possible for all plantations to enjoy
similar irrigation. Although worms have been seen every where, it may
be said that they have thus far spared the greater part of Garbi6h and
have confined their attacks to the districts of the south aud southeast,

ilTHE CARON ICLE.

3101

namely, Kafr-el-Zalat, Tanta, rGiaafarieb, Ziflek and Mehallet-Roli,
•where they I ave ravaged some places, leaving others untouched. Con¬
cerning the amount of harm done, the opinions of our correspondents
differ widely. 8ome lepresent it as greater than last year, others as
less and well nigh insignificant. We are led, therefore, to conclude that
the damage by worms in the aforesaid districts was not exceptiomlly
great, and that for the time being the greater part of the province is
safe.

Menoufieh.—We are sorry to say that the word from this province is
as unfavorable as that from Galiouhi6h.
The plantations free from
worms are in perfect condition and will flower abundantly, but on the
other hand those attacked, and they are very numerous, present a very
sorry appearance. Some cultivators have even decided to remove tne
cotton plants and prepare their lands for the planting of maize. These
cases are, indeed, very rare, but they serve to show the extent of
the damage, which at present see ns to be considerable. However,
thanks to the hot season and the ease in watering,even the most Injured
plantations have still time t<» repiir a part of the damage experienced,
and to yield satisfactory results.
Water is plenty throughout ttie
province. Irrigati u wi bout machines is expected to commence in the

(32).

first ten

days of August.
Fayoum.—We have no advices at present from our Fayoum corres¬
pondents, but we have no reason to suppose that ttie exceiient situation
reported by our preceding resume has undergone any change.
Upper Egypt—Tlie advices received by us from the province of BeniSouef continue very favorable. The temperature is excellent and the
water supply abundant. There have been no worms there at any time.
In view of the increase in acreage and the prosperous state of the plants,
a yield much greater than than that of 1886 is expected.
The other
provinces of Upper Egypt produce, as we have already said, too little
cotton to be worth speaking of. Moudiri6h de Miuieh is commencing, it
is stated, to pay a little more attention to cotton. It has raised some
cotton this year, and we believe next year will raise more.
General Observations.—As we have just seen, t!?e cotton reports re¬
ceived in July vary decidedly according to the province and the locality.
In no pace have the plants suffered fiom scarcity of water or from
the influence of any atmospheric condition. On the other hand wor us
have been general, d >ing considerable damage in Galioubi6:i and Menoufleh and slight injury iu four other provinces of Lower Egypt. It is
imposdb e now to c dculate the loss borne by Lower Egypt, for the cot¬
ton plants which have suffered may, if favored with warm weather and
easy Irrigation, yet pive comparatively satisfactory results.
We ought,
however, to state that there exists a certain amount of uneasiness f *r
the future, on account of the possible re appearance of worms and the
occurtnce of harmful mists.
It is to be hoped that these troubles will
not befall the cotton plauis.
If they do we shall have a decided dimi¬
nution of the harvest. Wo are, therefore, on the eve of the most critical
ecide the
for size
it is undeniable
that the
informed
m mthsthat
willthehe the
most
effica¬
to
Seriod,
the harvest.
We c lining
ones
ot

are

cious way discovered for fighting the worms consists in strippng off the
leaves covered with them or their eggs. Many cultivators owe the pre¬
servation aud present flue appearance or their crops to this mode of

Wc hear, however, that when the plantations are of great
extent, and tlie invasion of the worm is general aud rapid, stripping off
the leaves has been attended with no satisfactory results. The manage¬

[ VoLi XLV.

2%and bagging quality at 2%'(b2%c. The sales for the
month aggregate 85,000 bales, spot and to arrive, at 1 15*16 @
2%c.
The Exports of Cotton from New York this week show an
increase compared with last week, the total reaching 16,112

bales, against 14,134 bales last week. Below we give our usual
table, showing the exports of cotton from New York, and the
direction, for each of the last four weeks: also the total exports
and direction since September 1, 1887, and in the last column
the total for the same period of the previous year.
Exports op cotton (bales) from

New York since Seft. 1,1887.
Same

Week, ending-

Exported to—

Aug

Aug.

Aug.

Sep t.

Total
sinct

18.

25.

1.

Sept. 1.

11.

Liverpool....
Other British

4,466

83

ports

Total to Gt. Britain..

4,466

9,725 15,802 11,859 14,447

Havre
Other French ports

41

150

93

Total French.

41

150

93

225

30
552

200

350

350

Bremen

451

burg
Other ports

1,000

359
800
99

Total to No. Europe..

1,225

1,258

582

651

1,113

1,500

1,014

H

am

Sp'tuOp’rtnjOibi’lt’rj&o

100

A11 other

Total Spain,

1.600

1,113

&c

1,014
4,816

10,991 18,323 14,134 16.112

Grand Total

News.—The exports of cotton from the United
week, as per latest mail returns, nave reached
24,303 bales. So far as the Southern ports are concerned, these
SHIPPING

States the past

the

are

same

exports reported by telegraph, and

published in

last Friday.
With regard to New York we
include the manifests of all vessels cleared up to Thursday.
the Chronicle

procedure.

supply has, with a few exceptions, been satisfactory
during the month ot July, aud the rise of the Nile, which is takuig
place ten or fifteen days earlier than l ist, year, removes for the future
all uneasiness as to irrigation. We shall no longer have to deal with
the question of the water supply. The Government lias kindly informed
us that it has received from different provinces statements as to the
acreage of this year’s cotton crop.
A table will bo drawn up from them
and will be furnished us very soon. We expect to be able to insert io
in the resume which we publish August 31st.
Alexandria, Jul>r 31, 1887.
P. 8.—Wo have just received the official statement of the lumber of
feddans sown with cotton this year. We wuuld express our thanks to
the Government for the favor conferred in transmitting it to us.
ment of the water

Below is the summary i'¬

Egypt.

1

C) Beliera
(-) Cliarkich

(S) Dakakiieh.
(4) Galioubi6k...
(5) Garbieh
(6) Menoufieh,...
..

Total

Feddans in Cotton.

(7) Upper Egypt.
1887.

1886.

Beni-Souef

16,5s6

Fayoum

47.625

9,962
35,088

1887.

1386.

105,405
131,042

110.763
133,8^0

153.912
37,013

263,564
10b,40J

157,727 Guizeh
37,226 j Miuieh
275,12 i 'Assiout
111,453 Guega

797,337

826,114

1

1

Total

1,713

1.317

1,800

2,134

14

320

5
25

CO,058

48,^31

(4>.

( ).
(<>).

(7).

Feddans.
1887.

797,337
68,058

Total

865,395

874,645

9,250

Alexandria, August 4,18s7.

“You will observe that there is a great in¬
crease of cotton-raising in Upper Egypt (Beni-Souef and Fayoum), where
it is said the crop is fine aud from two to three weeks in advance of that
in Lower Egypt. In the Garbieh disti ict the cotton has not suffered from
worms, and presents a very fine appearance.
A pretty good yield in
this quality of cotton, whioh of late years had considerably fallen off, is
Our

correspondent says

:

looked for.”

report, dated Bombay, July 20, we have the following:
The earlier part of the week was comparatively free from rain, hut
during the lust two or three days we have had some heavy downpours,
advancing our to al rainfall about 2-78 inches. Our crop advices from
the Oomra cotton-growing districts continue favorable, but from Broach
we again have complaints of too much rain, aud it will be necessary to
re-sow a poition of the land under cultivation. In the Dliollera districts
there has also hem too much rain, ami the young plants are reported to
have been injured to emne extent. Reports from the Bengal districts
are satisfactory.
line weather is much needed iu all the districts, to
allow the plants to develop and weeding to be proceeded with.

Jute

Butts, Bagging, &c.—There has been a fair trade in
bagging and pi ices are fairly steady. Sellers are quoting
5^@6e, for
lb., 6}4@Q^c. for 1% lb., 6;%'@7c. for 2 lb.

grades. Butts are firmly held and
light busintss is reported. Paper grades are quoted at 2@
tor standard

500

particulars of these shipments, arranged in our usual
are as

follows

:
Liverpool. Havre. Brem Stettin. B'cclona. Total
14,447
431
200
1,014 16,112
5,236 2,155
7,691

500

50J

freights the past week have been as follows :

sall...d.
c.

...

sail

c.

Satur.

Mon.

Tues.

Wcdnes.

Thurs.

Fri.

*32

532

532

532

532

532

....

....

....

....

51G
....

Bremen, steam..c.
sail ....c.

Hamburg, steam.c.
Do

sail....e.

Amst’d’m, steam c.
Do via Leith d.

Reval, steam
Do

sail

....

510

*16

....

....

n32

38

....

....

....

*16

....

....

....

38

»0

....

....

....

51G

*1)0

*10

51G

51G

51G

....

....

.

....

r

...

30035* 30®35* 30@35* 30035*
....

....

....

....

....

B1G

D1G

m

m m m

%

....

30®35* 30®35*
....

....

d. 1164'a)3lG nG4®310 11642>316 llGi®316 1!G4«’31G
d.

Barcelona,steamd.
Genoa,steam....d.
Trieste, steam...d.
Antwerp, steam.d.
*

East India Crop.—From Messrs. Gaddum, Bythell & Co.'s

5,236
2,455

20,183 2,455
Total
451
200
1,014 24,303
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
New Orleans—For Liverpool—Aug. 26—Steamer Ilaytien. 2,578. •
BOSTON-For Yarmouth—Aug. 26—Steamer Yarmouth, 100.

Do

826,114
48,531

451
200
1,014

24,303

New York
New Orleans
Boston

Do

Dec. in 1887




The

Do

Feddans.
1886.

2,186

Total

Havre, steam
Totals.

14,417

Wyoming, 1,522

To Bremen, per steamers Fulda, 250
Saale, 2ol
To Stettin, per steamer Gothia, 2« O
To Barcelona, per steamer Stag, 1,0 4
New Orleans—To Liverpool, per steamers Scholar,
Texan. 3,050
To Havre, per Bteamer Nantes, 2,455
Boston-To Liverpool, per steamer Iowa, 500

Liverpool,steam d.

All Ashinoutr.

Lower E.ypt
Upper Egypt

and

1,525 ...An7... City of
Richmond, l,873....Murciano, 2,6bl... Spain, 2,9,7....

Cotton

Ashmouni and Bamieli—a little white aud Galiiui,
Ashmouni—a little Bainioli aud white.
Ashmouni, Bamiuli aud white.
Ashmouni—a little Bamich.
Ashmouni, white, Bamieh and Gallini.
Ashmouni and Bamich.

ll).

Total bales.
New York—1To Liverpool, per steamers Adriatic,
choria, 400
Aurania, 1,572 — Catalan, 1,9

form,

Fcddaus in Colton. 1

Lower

year.

11.776 14.447

9,725 15,802

....

period
previ’u9

•

m

....

m •

13G4

*3G4

*32'®31G *32®316
15G4

704/o,18

....

•••

....

13

13G4

1364

13G4

3ig

316

3ig

3i

H

H

H

>4

7G4

7G4

15G4

'764'2)

•

....

7f»4

84

6

764

X.

Per 100 lbs.

Liverpool.—By cable from Liverpool we have the following
sales, stocks, &c., at that port. W©
add previous weeks for comparison.

statement of the week’s

Aug. 12.
Sales of the week
bales
Of which exporters took....
Of which speculators took ..
Sales American
Actual export
Forwarded
Totril stock—Esttmai ed
Of which American—Estim’d
Total import of the week
Of which American
Amount afloat
O! which American

53,000
5,000
1,000
42,000
3,000
5,000
631,000
351,000
52,000

21,000
63,000
25,000

Aug. 19
49,000

5,000
1,000
36,000

6,000
6,001

597,000
326,000
21,000
13,000

57,000
22,000

Aug. 26.
62,000
4,000

Sept. 2.
54,000
4,000

2,000

3,000

46,000
2,000
3,000
567,000
295,000
82,000
14,000
74,000

37,000

40,000

4,000
6,000
532,000
278,000

23,000
21,000

76,000

40,000

September 3,

'311

THE CHRONICLE.

1387.]

Oats have been quite active. The regular trade has been
Liverpool market for spots and futures each
clay of the week ending Sept. 2 and the daily closing prices very good, and the speculation at times showed considerable
of spot cotton, have been as follows:
spirit, prices closing slightly dearer, especially for mixed.

The tone of the

)

Market,
12:30

Wednes.

Saturday Monday. Tuesday.

Spot.

Moderate
demand.

J

p.m.

Mid. Orl’ns.
Mid. Sales..
Spec. & exp.

8,000
1,000

10,000

9,000
1,000

1,000

Futures.

4 F.M.

Steady.

1-64 de¬
cline.

?
$

Market,

5%
5%

10,000
1,000

10,000

5%
5%
9.000

1,000

1,000

Quiet

1-64 ad¬

partially

vance.

1-64 adv.

Steady.

Steady.

but
steadv.

Strong.

September delivery

Rye and barley of the new crop are still
Barley malt in steady demand at full prices.
The following are the closing quotations s—

Minn, dear and stra’t.
Winter ahipp’g extras.
Winter XX & XXX..
Patents

Southern supers......

Sat., Aug. 27.

Tues., Aug. 30.

HiQh\Low.

Open High Low. Clos.

Open High
d.

Open

d.

d.

d.

d.

d.

Clos.

d.

d.

d.

d.

d.

d.

yellow

5 23

5 23

5 28

5 28

5 23

5 28

5 28

5 23

5 27

5 27

5 20

5 20

West,

5 23

5

5 23

5 23

5 23

5 23

5 23

5 23

5 23

5 23

5 22

5 22

White Southern..

5 23

5 23

5 23

5 23

5 23

5 23

5 23

5 23

5 23

5 23

5 22

5 22

5 13

5 13

5 13

5 13

5 12

5 12

5 12

5 13

512

5 12

511

5 11

Oct.-Nov...

5 06

5 00

5 06

5 06

5 00

5 06

5 05

5 05

5 05

5 05

5 05

5 05

Nov.-Dee...

5 05

5 05

5 05

5 05

504

5 04

5 03

501

5 03

5 03

5 03

5 03

Dec.-Jan

5 04

5 04

5 04

5 04

5 03

5 03

503

5 03

5 03

5 03

5 02

5 02

5 04
Jan.-Feb
Feb.-Mar ch 5 04

5 04

5 04

501

5 03

5 03

5 03

5 03

5 03

5 03

5 02

5 02

5 01

5 04

5 04

5 04

5 04

5 03

5 03

5 03

5 03

5 03

5 03

...

...

Thurs., Sept

Wednes. Aug. 31

jLow.

Clos.

el.

d.

d.

September. 5 24
Sept.-Oct... 512

5 21

5 23

5 23

5 12

5 12

5 12

Oct.-Nov...

5 06

5 06

5 06

Nov.-Dee...

501

5 04

5 03

5 03

..

5 03

Feb.-March

5 04

April. 5 06
April-May

Open High

Jan.-Feb.
Mar.

-

.

I--

Open High Low. Clos.

\

Rye-

State &

35
25
25

95
95

30

Barley—Canada, No. 2 80

82

Two-rowed State
Six-rowed State
8)
California Bay
70
Milwaukee No. 2
Malt—State, 6-rowed. 80
.

51
56
53

Peas—Canada

55

®

36
82

.

®

®
®
®

.

.

.

m

mmm

81
72
81
®
®
77
®1 00
66
®
»

70
85
65

State, 2-rowed
Canada

...

323*

3i%®

....

83%

51%

33
40

®

33%®
31 %®

breadstufls to market is indicated in ti e

the figures of the New
the receipts at Western
lake and river ports, arranged so as to present the compare,
tive movement for the week ending Aug. 27, 1887, and sine e
August 1, for each of the last three years:

Fri., Sept. 2.

Receipts 'at—

Open High Loiv. Clos.

Wheat.

Flour.

Rye.

Barley.

Oats.

Corn.

,

d.

Bbls.imbs Bu*h.0O Ib> Bush.50 lb

a.

d.

d.

d.

'5 25

5 23

5 25

5 20

5 28

5 27

5 26

5 27

!

5 14

5 15

5 14

5 15

5 15

5 15

5 15

5 15

5C0

! 5 03

5 09

5 03

5 09

5 09

5 09

5 09

5 09

5 04

5 04

5 00

5 07

507

5 08

5 07

5 0 3

5 03

j 5 00
| 5 05

5 ()?

5 03

5 08

5 05

5 00

5 08

507

5 06

5 07

5 03

5 03

5 03

5(5

5 00

5 05

5 01

503

5 07

5 06

5 07

5 04

5 04

5 04

5 00

5 07

506

5 07

5 07

5 03

5 07

5 08

5 06

5 06

5 00

5 03

503

5 08

5 08

5 09

510

5 0.)

5 10

5 09

5 10

5 09

5 10

5 10

511

5 10

5 11

....

Pa., $ bush. 53

The movement of

d.

d.

.

—

40

statements below, prepared by us from
York Produce Exchange. We first give

d.

d.

Deo.-Jan

1.

.

S rath’n com. extras..$3 25®$3
Southern bakers’and
family br ds..$ bbl 3 50® 4
Rye flour, suparttne.. 3 00® 3
2 15® 2
Fine
C >rn meal—
2 60® 2
Western, <feo
® 2
Brandywine

White
No. 2 mixed
No. 2 white

79
82

74 ®
76
®
48 ®
50
®
53 ®
51 ®
....®

Corn—West, mixed
West. mix. No. 2.
West, white

August ....
Aug.-Sept..
September.
B3pt.-Oct...

23,

J

8C%

f>
®

80%O

White
Low. CIOS.

quite nominal.

Oats—Mixed
72
78

bush.
Spring No. 2

Red winter, No. 2
Red winter

JJon., Aug. 29.

31%
323s
33%

313*
32%
33%

GRAIN.

WheatSpring,per

5 63 means

and Qidhs, thus:

I3F* The prices are given in pence
5 63-64d., and 6 01 means 6 1-6 id.

35a 3 00
75 a 3 15
70 a 4 40
03® 3 25
3 30® 4 30
4 20® 4 70
2 80® 3 00
2
2
3
3

Superb no
Spring wheat extras.

Uplands, Low Middling clause, unless

otherwise stated.

...fl bbl. $2 10®$2 65

Fine

Firm.

Firm.

31*4

FLOUR.

1-64 adv.

vance.

Fri.

31%

313*
32%
33*4

313*
32%
3 3%

31%
323s
33

Thurs.

31%

31%

313s

313s

313*
32%
33%

Ootober delivery
November deliver}7
December delivery

The opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These

prices are on the basis of

„

at Steady at Q’t but s’y
1-64 ad¬
atpart’lly

Steady at Steady

Quiet at

£
J

Market,
12:30 f.m.

5%
5%

PRICKS OF NO. 2 OATS.
Tues.
Wed.
Mon.

8at.

Steady.

tendency.

favor.

5%
5%

5%
5%

5%
5%

Upl’ds

buyers’ Hardenl’g

In

Easier.

Steady.

DAILY CLOSING

Friday.

Thursd’y.

Cleveland
St.Louis.

259,825
52,100

50,030
56,049

555

750

043

22.903

423.733

170.140

234,815

13,200

1,700
47,121

44.000
172,040

172,700

359,000

10,200

1,428
13,650

232,494
138,388
110,7*4

1,779.201

1,718,587
2.450.607
2,619.117

2,339,911
2,505,788
2,053,020

474,385

49,131

3,001,830

514,286

01,549

04,524

133.801

952,580
7 47,3V 2
533,103

8.620.590

5,030,000
10,707.604
9,688,142

9,144,699
10,744,683

935,723
1,231,001
101,184

197,394

15,928,501

...

...

Dftt.polt

Peoria
Duluth

Tot. wk. ’87.

1

Same wk.’80.

Same wk.’85.

s

18,685
7,200

256,950
192,724

1,550,338

339,323

Milwaukee...

Bush.32 lb' BushAHlb> Buth.Ml

1,338,337
10,500
11,220
5,767
6,923

117,472
29,502
3,689
5,574
4,413

Chioago

72,882
419 295

1,573,075

73,710

7,325

15 303

Since Aug. 1.
18-7

BREADSTUFFS.
Friday, P. M.,

1836*...

September 2,1887.

lSi-S*

three
home

AtNew York

depressed early in the week by the

The wheat market was

complete coll ipse of the San Francisco “bull” syndicate and
the apprehension that this would cause large quantities of
wheat to be thrown at once upon the market.
There was also
an important reduction in the export demand, as well as the
usual increase in the movement of spring wheat toward
primary markets in the Northwest. The effect of these influ¬
ences,
a

than the operators
Wednesday a more
contracts set in, giving an

however, was much less decided
decline had anticipated, and on

demand to cover
upward turn to values, and this was followed on Thursday by
a decided advance.
To day the market was quiet and variable,
active buying

DAILY CLOSING

September delivery

SO

81 %
82%
83%
8 ••%

October delivery
November delivery
December delivery
January delivery
February delivery
May delivery

82
83%
84%

80%

80%

81%

82
83%
8 4%

86%

85%

83%
81%
85 %

8 >%

89

90

89%

89%

89%

Juno delivery

80%

61.096

376.822

Richmond
Sew Orleans...

3,8)5
10,000

31,306
175,000

Total week... 318,985 2,613,831
Oar. week ’86.. 290,411

1887.
Flour
Wheat
Corn
Oats

85%
89%
89%

82%

82%
83%

84
•

•

•

•

m

m

m

m

....

•

•

*

on

of

......

November delivery




53

52%

52%

52%

52%

672,977

1,923

585,660 1,127,833

21.16L

4,035
16,297

63,023,214
31.667,0 53

37,610.425
56,561.404

22,159,078

23,818.7)7

2,218,903

2,473.633

538,789

399,039

119,662,052 120,853,303

Jan •

*1894.

*1885.

*1886.

bash.

8,367,329

8,371,702

30,239,074

39,123,823

69,522,857
2.5.961.741

33,348.123
19.^43,941

703.674

3,229,742

119,803,832

97,374,21G

2.373,433

2,421,5 S7

Bush.

341,715

Flour.

Oats.

Rye.

Peat.

Bbls.
76,070

Bush.

Bxish.

Bush.

3,391

3,313

27,299

..

13,125

31,010

20,990
25,282

••

1,010

257,123

111,812
4,293

2,194,850:

613,163

266,270

4353

61

2SG.426

130,921

49,389

930

Kichm’nd
Tot. w’k
S’me time
1886.

Fri.
50

..

50

50%
51%

52%

Corn.

Wheat.

—

Bush.
New York 1.0*6, *77
B mton.
113,467
S. News..
10,836
Montreal.
240.831
Philadel.
432,621
291.624
Baitim’n
N Orl’ns
16,931

pending the adjournment

FRICES OF NO. 2 MIXED CORN.
Wed.
Tues.
Thurs.
Mon.
Sat.
49%
49%
49%
49%
50
49 %
49%
50%
40%
50%
50%
50%
50%
50%
50%
51
51
50%
50%
51%

333,92L

646

Include ono week extra.

from

decline yesterday was fully recovered to-day,

DAILY7 CLOSING

10,000

2,589
723

3,159,129

....-

Exports

«...

moderate, whether for export or home

buying in anticipation of wants
trade till Tuesday.

50,000

i,200

•

8 J%

has been variable and unsettled, with no very
decided changes or fea' ures, but generally somewhat depressed,
A slight

8,935

8,325
105,978
57,396
5,002

300
500

The exports from the several seaboard ports for the week
ending Aug. 27, 1887, are shown in the annexed statement:

Indian corn

and the demand very

69.112
47.560

9,34% 135

Total grain....

85
.

89%

366,000
120,276

bbls.

Barley

Fri.

81%

3,693,718

166,700
46,594

The total receipts at the same ports for the period from
t to August 27, 1887, compare as follows for four years:

80%

81%

.....

Baltimore

Rye

PRICES OF NO. 2 RED WINTER WHEAT.
Thurs.
Wed.
Tues.
Mon.
Sat.
80%
79%
79%
79%

bbls.

149,636 1,571,900
59.265
Boston
67,286
9.684
159,432
Montreal
245,156
Philadelphia... 17 388

fraction dearer.

with the close a

use.

449,77L
405,201

*

prices have taken a steadier change.

for

7,230,205

dull early in the week, and to
Include one week extra.
sales lower prices were accepted; but in the past two or
The receipts of flour and grain at the seaboard ports for ti •
days the demand has improved materially from the week ended August 27, 1887, follow:
Barley,
Rye,
Oats,
Corn,
Wheat,
Flour,
trade, and, with stocks somewhat below last year,
bush.
bush.
bush.
bush.
bush.

The flour market was very
force

7.991,101

1

2,812,76

37,401

8,148

112,270

The destination of the exports is as below.
We add thQ>
corresponding period of last year for comparison,

si

THE

312
Wheat.

Flour.

jExports
for week

1887.

to—

Week,

Bbls.

BbU.

On.King

*Cont’nt.

201,815
23,950

B. AC. Am
W. Indies
Brit, col’s

17,291
10,981
11,394

OtlLo’n’ts

845

Total..
*

1886.

1887.

Week.

Week.

Bush.

Bu»h.

Aug. 28.
Bu h

Bunk.'

5i 0

19,722
7,262

■

1886
WMk

Aug. 27.

135,362 1,323.952 1,212.763
15,215
870,898 1,599^50 3

257.639

160,317

340,292
8,544

99,245
3,646
3,188

5,942

13,360
746

190,921 2,194.850 2.812,766

266,276

Equal sacks, 140

Com.

Aug. 28.

Aug. 27.

Aug. 28.

Aug. 27.
*

1887.
Week.

1886.
Week.

CHRONICLE.

pou

613,163

266,436

ids.

season:
Flour.

Wheat.

Corn

Sept. 1,’S6, Sept. 1, ’85, Sept. 1, ’86, Sept. 1, ’85, Sept. 1, ’86, Sept. 1, ’85.
to A ug.
to Aug.
to Aug.
to Aug.
to A ug.
to Aug.
27, 1887. Z 28, 1886.
27, 1887.
37, 1887.
28, 1886.
28, 1886
Bbls.

Uhls.

Bu<h,

Bu*h.

Bush.

Bt.th

Un.KiDKdom
Continent...

6,859,601

5.043,099

49.216,200

24,259.527

570,323

229.264

30,183.625

8. AC. Am...

1,068.bo9

853,844

39,982.970
54,322

West Indies.

8(8,123

5,87*

5,194

Brlt.Col’niee

525,271
41,724

875,525
559,809
33,827

24,180,535
10,610,429
767,360
550,440

13

37.C49

81,049

173,746

66,08 i

61,494

74,602

9,873,911

7,005,368

89,433,110

44,538,754

36,157,307

59,220,296

Oth. eoontr’s
Total

24,313

39.835.772
-

17,592,529
1,251.256
385.090

The visible

supply of grain, comprising the stoctts m granai y
principal points of accumulation at lake and seaboai d
ports, and in transit by water, August 27, 1867 :
at the

Wheat,

Corn,

Oats,

Byt,

bush.

busk.

bush.

bush

Bnflalo

2,010,594

53,600
45.073

23,179
4,000
15,000
17,315

6,850

Albany

bush.
3.519.201
328,500
17,500

2 ,192,23 L 1.,515,922
471
25,229

55,842
18,128

69.513

In itore at—

New York
Do

Do

afloat

547,518

822,077
42.000

36.000

120,663

BarL*\i

2,950

afloat
6.047.319
928,414
74 2.083

Dblcajro
Milwaukee
Duluth
Toledo

1,582,025

20,4^4

Detroit

741.407

7,681

30,000
5,130,400

35.000
784,428
48.000

41,000

12,000
25,137

Qawego
Bt. Louie
Do afloat
Cincinnati
Boston
Toronto
Montreal

..

71.038

69,( 00
510,748

Philadelphia
Indianapolis

48,111
277,870
294,660
1.275,270
2.354,593

.....

Kansas City
Baltimore

.

Minneapolis

.

Bt. Paul
On Mississippi ...
On lakes
On canal & river

1,341,565

.

64,595

23.518
1,2(61

1,000
6,773

26.000
3,7,1

122,000

19,000

114,097
10,223
133,670
151,351

536
4.249

2,000
1.7V4

663,573
..

.

12,253

43,971
l,3a6
3,294

268,133

44,931

5,820

55.755

5.883

91,756

53,846

1,710

104,280

55.0O0
32.000
1

26,700
678,191
180,700

,061.677
t 47,400

30,57 2,750

6,,372, 0 ',
f). ,103.143
41,285,035 11 ,770,270
41,00,159 0 ,821,8o6
18,155,946 4 ,191,012

31,99-.593

Total stock (pieces)

41,780,723
<1.437,0 1

4,24 4,879
4,591,673
: 2,39U,933

DRV

289.478

226,0S4
153,4 Kb

300,586
57 1,56 1
383,573

682,864

H

W

57k,060

o

.j

115,770
188,470

d

TRADE

*“

p

Sept. 2, 1887.

fall

better demand for re-assort¬

and winter goods at first

hands,

a

indication that stocks in the hands of distributers

pretty
are

sure

already

replenishment. The movement in staple cotton
goods, ginghams, dress fabrics, hosiery, &c., on
account of fomier transactions, was quite liberal, but business
througln ut the country has been so active that jobbers and the
manufacturing trade are urgent in their demands for further
.shipments in this connection. The tone of the market con¬
tinues firm, and stocks of staple cotton goods in particular are
much smaller than at the corresponding-time in former years.

Goods.—The

exports of

cotton

goods
from this port for the week ending Aug. 30 were d,629 pickages, valued at $309,429.
These shipments include 785 to
South America, 377 to Africa, 298 to Central America, 3,206
to China, 272 to the West Indies, 217 to Europe, 195 to
the East Indies, 130 to Mexico, 100 to Aden and 49 to
all other countries.

Since the

1st

of

January the exports

aggregate 134,921 packages, valued at $8,002,461.
Of this
total China has had 70,064 packages, valued at $3,328,076;

and 26,964 packages, valued at $1,932,293, have gone - to
.South Ameiiea. For the similar peiiod of 1886 the exports




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203.000
290,000
200,000

25,000

402,000
577,000
298.000
175,000

243,000 1,056,000 1,412.000

of Dry

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in need of

and woolen

Domestic Cotton

Aug. 30»

1885.

34,000
88,000

424,000

m

week,

unusually large distribution of staple and department
goods having bt en made in package and assorted lots by all
the leading jobbers. Retailers fiom most sections of the coun¬
try are stocking up freely in anticipation of a good, healthy
fall trade, but no evidences of a speculative tendency have thus
of

2

ft

an

was a

s

**

o

Business in jobbing circles was very active the past

There

Aug. 29,

1886.
96.000

Prints, ginghams, cotton dress goods and other patterned
jobbing circles, and there
was a freer demand for re-assortments of these
goods by local
and out-of-town jobbers, whoee stocks are getting low.
Domestic Woolen Goods.—Although clothiers are atil
cautious in their purchases of men’s-wear woolens, there was
a fair business in epiing-w< ight cassimeres, cheviots, worsted
coatings, suitings, &<*., and there was a light re-order demand
for heavy clothing wookns as oaf si meres, overcoat :«g8, &c.
Sat’nets continued in fair request, and there was a steady call
for small parcels of Kentucky jeans and doeskins.
Cloakings
were in light and irregular demand at first hands, but there
was a fair bu iness in stockinets and Jersey cloths at
steady
prices. Flannels and blankets were jobbed in liberal quai ti¬
tles, and there was a moderate demand for duplicate parcels
of these go >ds at first banes.
Carpets, shawls, skirts, wool
hosiery, kmt underwear, worsted «nd all-wool dress goods
and fancy knit woolens were freely distributed by jobbery and
prices ar-' generally firm.
Foreign Dry Goods were fairly active in the hands of
jobbers, and there w as a pret ty good Fernand for some sorts at
first hands, while consi ierable deliveries of dre*s goods, cloth¬
ing woolens, Imens, hosiery, &c., were made by importers on
account of previous trans <ctions.
The auction rooms presented
sue e sive offerings of silks, velvets, dres* goods,
&<\, with
somewhat it.different results, the competition having lacked
spirit. Staple fabrics are generally firm in this market ami at
the sources of supply abroad.

d*

New York, Friday, P. M.,

Aug. 28,

cotton fabrics continued active in

<rr

GOODS

:

importations of dry goods at this port for the wetk
ending Sept. 1, 1887, and since Jan. 1, and the same facts Tor
the corresponding periods are as follows:

17,400
17,500

*

follows

were as

Aug. 27,

n

ments

previous years

Stock of Print Cloths—
1887.
Held by Providence manuf’rs. 159,000
Fall River manufacturers... 113,000
Providence speculators
62,000
Outside speculators (est)
90.000

®

far been discovered.

was

The

t Minneapolis and St. Paul not included.

c

packages and in 1885 were
jobbing trade in staple cotton

packages.
The
conspicuously active, and there was a freer de¬
mand at first hands for re-assortments of brown, bleached and
colored cottons, cotton flannels, etc.
Prices remain firm, and
some descriptions,
as fine 3>£-yard and 4 yard brown sheet¬
ings, drills, low grade bleached goods, etc., are actually
scarce, while other kinds are closely sold up by the mill
agents. Priht cloths were in fair demand and steady at 33^0
for 64x64s, and 2%g for 56x60s.
Stocks last Saturday and
goods

e-t

THE

ports reached 149,881

Importations

30,100

2,184,000

.

77.597
57,845

2.840
65.817
227.533

950.452

....

Peoria

all

129,481

for the three

By adding this week’s movement to our previous totals we
have the following statement of exports this season and last

Exports to

to

fVoL. ZLV,

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