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HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATE8
[Entered aooordln K to Act of Congreaa. In the year 1891, br
Wm.
SATURDAY,
VOL. 53.
CLEARING HOUSE RETURNS.
B.
Dasa
Oo.. la the olHoe ot the Librarian of
St
SEPTEMBER
The exhibit
Oliahihos.
iM«nu
by reJe«raph.
Bnd^nt September
week ending August
for the
New York
$624,P52,949
7S,201,040
60,217,711
13,104.917
89,414,000
Pliilxlelptaia
Baltimore
Chicago
St. Louis
New Orleans
I8,342,.143
6,149,153
Seven cittea, 5 days
Other cities, 5 days
$372,382,148
135987,406
Wt4k Bndint Aututt
IWl.
Now York
PtrOtnt.
1890.
1891.
Boaton
5.
t46S,088,288
61,235.210
58,578,012
12,576,155
71,058,000
18,649,816
6,3B9,163
+84-4
+17'0
—11-2
+1-3
t094,600,Si8
135,104,211
+25-6
+0-7
All
all cities,
tl,008.3ag..'>S4
.,
Iday
cities,
Total
5 days
{829.704,859
187,331,751
+21-5
all cities (or
188,792,418
week...
$l,197.1l31.»:0
$l,01?,0)6.6i0
The exhibit of clearings foi Aug. and since Jan.
1 is
lliaret.)
(Stoc*»
(Cotton
bala.)
Eisiht
buehels.)
lOntin
(Petnimm
6ol».)
Providence...,
Hartford
Hew
Ilaven...
Bjpringtleld
...,
-1-6
-19-2
SprinAfleld.
Worcester
Portland
Loweil
Mew Bedford.
-12-6
76,707,733
3,913,600
1,386,818
l,t61,3»l
-6-9
+7-0
-10-1
-8-4
-10-1
—7-3
+17-3
+24-6
+13-1
81,817,677
4,769,600
1,276,726
1,196,967
1,097,855
1,103,335
1,443,957
6i7,016
436,359
-18-8
+16-6
-18-»
+0-9
-2-7
737,673
305,243
81,399,981
3,666,900
1,619,722
1,238.647
1,107,191
1,092,643
889.M09
692.605
269,918
86,334,684
91,797,346
-6-0
93,269,420
""hiiT
55,658,0->0
62,164,46t'
11.151,328
12,292,159
6,912,767
l,23i,398
1,106,0631
69,919.248
12,237.4^9,
-13-9
-16-3
16,801,885
+ 18-3
565,959:
-10-6
-20-6
+7-7
-3-8
—7-4
—4-9
+2-8
+18-5
99,070,264'
+89
99,571,357|"
4«'o
89,461,880
10,861,050
995,840
...
1,012.720
1,013.820
New
England.
Philadelphia.
Pittsburg
11,261,422
13,207,875
UHitlmure
+17-7
KulTalo
6,646,8.16
Washington..
Uochester ...
1,143,104
1,050,667
689,006
670,439
Syracuse
Months.
-US
80,657,263
10,811,600
6,691,692
6,274,i33
4,467,148
2,905,700
l,63»,76e
1,522.330
748,079
74,596,296
115,617,700
(Cincinnati
Milwaukee
Detroit
Cleveland
Columbus
+61
Indianapolis
43,MJ,5ill -51
38,261,188 -H-3
38,l«l,18d +6-0
21.74U,»53 +4 -6
Peona
Grand Baplds
Total Middle Western.
10,496.500;
8,437,577
6,412,613'
4,79u,3<0
2,320,600'
1,760,2 iOl
1,699,167
Buffalo
+ 13-9
Washington..
WUmlDfiton
Byracnse
8,753,998
6,128,758
+25-2
-6-8
-4-8
2.45«,200;
692,368
+80
1,123,860
110,114,(«7
+5-0
126,237,680'
+«-l
+3-3
+7-5
-8-8
-42-6
—12-7
+57-2
17,441,617
1,780,584
1,3
,238
676,260'
1,032,601
6^7,800
+13-2
-6-
1,576,960'
+0-6
22,918,130
+9-4
8,878,130
6,321,ai2i
3,613,068'
4,931,400
4,773,500
1,967,628
1,313,225
721,776
613,275
735,759
560,725
299,306|
+1-9
+19-6
+17-6
-26-9
-17-6
-3-8
+1-4
—21-4
-14-2
-41—22-2
-67-2
7,873.851
6,857,726
-17-7
+38-8
+8-2
-36-2
-26-5
-10-3
-6-6
-1-8
+23-0
-34-3
St.
Paul
Omaha
Chicago....
Cincinnati.
Denver
Duluth
Milwaukee
St.
Detroit..
Sioux City...,
Des Molnea.
Wichita
..
1.814,2;»
23,888,3221
Minneapolis.
Columbas
6,062.689'
+15-9
9,049,507
6,358,414
4,219,184
3,604,767
3,931.145
1,883,816
1,331,477
667,402
626,428
428,007
428.314
470,629
Kansas City
Clevetand
-8-6
+10-4
-1-3
-19-2
+8-5
-6-1
—7-2
+3-2
-8-9
+60-0
24,026,999
liOs
Total Middle
879,491
80i,039
Total Paciac.
Tacoma
+5-5
-0-9
1,157,189'
Angeles
Salt Lake City..
Seattle
+12-7
+6-3
-8-8
-7-a
+7-9
+18-4
1,294,463
17,864.445'
1,596,617
1,76 (,560
1,209,832
.
Portland
-14-4
-6-9
+31
+39-7
-18-0
+22-7
18,442.183
1,716,892
1,607,125
730,656
816,121
686,523
San Francisco.
Total N. Bng
(+1-6)
+47-8i
(-88-1)
7,476,613'
-210
13,494,837 +16-3
PltUbnrg..
Baltimore
604,688,468
;+68;6
670.138
~90,230,259
Chicago
3,442,051,236 -10-9
169,472,800' +49
71,3,2,679 -0-8
-13
-u-r
(+W8)
1+36-9
(-95-3)
Portland
Lowell
New Bedford,.
as follows;
Philadelphia..
P.OnA.
(1,617,866)
(374.100)
(73,111,176)
(164,000)
Worcester
-(0-8
44,i0tf,456,
Ay>Q. 22.
1891.
(917,680)
(362.900)
(31,680,409)
(2,716,000)
Hartford
.New Haven...
Total Middle.
3,088,178.777
177,702,800
71.263,8/9
46,817,812
41,162,094
89,905,876
40,939.814
23,890,079
16,563,617
Bnd'a
ITMJIt
628,006,996
Providence....
+202
20,937,386,22l'24,583,821,94ll
Boston
29.
P. C«nt.
:
(1,546.310)
(608,000)
(43,222,400)
(128,000)
Boston
IP.a.
Mew York
as follows
is
649,411,906
Wilmlixgton..,
Au^iat,
29
0.]
1,367.
Sola of—
Total
Total
NO.
1891.
5,
The following statement shows the bank clearings for the
week ending to-day (Sept. 5.) Monday, Sept. 1, 1890, was
observed as a holiday at New York and Boston.
treek
Oo agnM, Waahlngton, D.
Joseph...
Indlanapolla«.
Lincoln
Peoria
Topeka
967,815
436,033
—44-1
+18-2
+38-4
4,16'2,678i
3,392,2171
3,816,939
1,999,487
1,527,102,
891,916
708.940
471,003
464,510
370,468
+23-1
Brand Kapida
Total Other Western..
32,829,089
33,708,791
32,343,236
~-9-3
+15-4
-21-5
28,963,106
+20-4
-22-9
-l-J-6
6,468,140
1,154,709
2,336,577
1,710,321
1,469,914
548,694
Tot.M.West.
New
20,850.479
4,896,804
18,064,885
Portland
Louisville
6168,531
Memphis
Ricbomnd
Galveston
788,630
1,791,266
2,279,938
6,911,923
1,331,094
1.680,168
Nashville
1,423^63
St.
1
Seattle
'
1
Taooma
liOS
Angeles.
Total Pacific
Kansas
'
DaUas
CItr..
Omaba
Lexington
Houston*
Denver.
Duluth
Joseph
Bt.
...
Blonz CItj ...
Des Moinaa.
Wichita
:
,
.'
'.
-:
i
469,535
918,349
389.000
487,112
332,378
1,645,708
»,909,613
Total
i,360,262 1,026,674,269
all
New
York..
398,667,271
388,918,3441
44,164,395
-o-«
-8-6 1,022,112,626
-11-1
^4
-^=!
U7,624,168
*Not Included in totals.
Tot oth'rW
Mew
Our compilation
of sales, &c,, for eight montlis
Memphis
Richmond
Oalveston
.MashviUe
Par VcUtu
or QuanMyi
I
Actual
Avtr'f
Par Vatut
FoliM.
Pr(e4.
»r QwtnUtvl
I
Dallas
;:,
Fort Worth...
;;
^rtolk
BR.
Chattanooga..
Gov't bonds
'•
Statebonds.
tl, 155,100
|1,
-"
il.97;i.'«0i
|l,331,806 115-5'
il,221),'sio,
^
62-
Jl.»21,050!
Bank stocks,
tl.992.2is!
|1,969.{519
Hin
t3.986.7i(3!
'-:
:
as follows
EiaU Vontks,
EiQht Monflu, 1891.
DsscHytton.
...
-i-
-
is
'•
Orleans..
'' 'Lotilsvllle.....
.
-01
-U-6
-63-6
+27-1
+67-9
-44-0
-46-5
-39-9
+56-6
-42-9
-23-»
+7-0
'BLIiOnls
I
;
40,087,861
4,888.660'
1,980,633
Total Southern....
Outside
LlacoTn
fop
tpeka.
''
303,000
442,609
330,741
Birmingham
2.210,158
879,811'
549,681,
562,428'
572,000
466,494
343,314
—40-7
+6-6
+78-6
-36-8
-41-4
—86-5
+36-8
-47-0
-5-1
-3-7
1,276,498]
76tt,666
Chattanooga
BUPanf.
6,239,:i69
616.906
349,220
Fort Worth
Norfolk
Minneapolis..
;'
Louis
Orleans
Ban Franasoo
Birmingham..
Lexington
Total South.
Total
all
198.871.462
-27
4,794,466,373
-ISS
1.834,329,025
-43
1,749,774,852' 1.766,0e2,8.->2J
—0-9
1
35.668,9M,807'39,772.949,292! -^livo
'
tr. T.
Not iDcInded In totals.
11,626.678.586 15. 190,127,351
-3-7
bonds.. 120^878.1001 |158,677,620
ToUl
Cotton."
'
Ontslde
!«""W9»«
Btook ,Vii:»3?w!IS??5
Wr
—
87-8
76-6
14008387030 12.335871498
23,ll4.00o|
S8'3
118,017.680 69^c.
15,12:1.6101 «885.2»1,015
»13»9
Orain.bnab. 167».6!0.0e5i|l.547ia«712 «j>«c.
j
1880.
Actual
A9tr'§$
Valut.
PriM.
(«54I03S8»
«4106,873,765
t«l^u8'1,7M 1239.981.917
1.0J3..K.'0|
—
li,m.I.'>8i 5-1-0
$1,371.8 )i; 128-1
»410S.2U>,310[«2,781)O»ai68|
I«4 .58 16328631
6i-3
119.011,000! 1110,105.170 92 l-So.
11,711,500 fow,S6i.551 «56-03
l,S60,727.8il!ll.0tl^)71.iU|77 l^So.
I
Total value
at-9
80-9
J« 119-1
12,297,9'
|»4.770I97331|
THE CHEOXICLE.
304
THE FINANCIAL SITUATION.
rumors of frosts have been made to do duty
prices on the Stock
this week in helping to depress
to determine
impossible
is
it
write
we
As
Exchange.
has not been
crops
the
to
injury
slight
some
whether
that
done; bat the evidences so far as they go indicate
than
substance
there is in the rumors bat little more of
referred
there was in the reports of last week, which we
in but
resulted
have
to
at that time and which proved
New
to
trifling
of
Probably wheat
harm.
danger.
As
issued
report
states that by
the
to-day
entirely
out
Government weather
August
for
week
current
September that cereal
the middle of
beyond
be
will
the
is
the
corn,
to
reach
of
cold
weather.
[Vol, Ull.
our banks in any one day for the shipment of currency by the Government to the interior. This
order will keep within narrower limits this convenient
and inexpensive method of conducting the business.
The past week the Sub-Treasury sent over 4 million
dollars, but hereafter so long as the order is kept in
force only 3 million dollars can be thus sent in any conNo doubt the change made in the
secutive six days.
due to some hitch in the work as now
Probably it is found that the facilities of
the Department are in some manner too severely taxed :
or it is possible that the express company has discovered that it is getting more of that kind of business
than it wants to handle. At all events, so long as the
currency flow to the interior keeps up to the volume
arrangement
is
being done.
of the current week there is likely to be quite a
can keep the crop result, which is of far more scramble for precedence at the Sub-Treasury.
Call money was in fairly good dem ind early in the week,
than usual importance, vibrating in see-saw fashion
no
cotton,
Eespecting
due in part to the September settlements, but rates fell
between truth and fiction.
causes,
various
from
suffered
loss
has
off after Wednesday, and there was an abundant supply
doubt the crop
will
time
back
short
of
a
estimates
high
for
the remainder of the week, the disbursements by
the
80 that
not be realized. This though is no disadvantage, as the Treasury for matured 4^ per cent bonds contributBankers' balances loaned at 5 per cent
prices had theretofore sunk so low because of the ing to the ease.
phenomenal yield of 1890 as to have left the producers on Monday and Tussday and at 1 per cent on Wednes-
But
a short time, therefore,
is left
during which specu-
lators
condition had there been no rise iu
moderate advance in the price of the staple
and a good crop, but not a full one, promise now to be
the surroundings of the Southern planter.
As the week closes the money market has put on a
Secretary Foster has
more cheerful appearance.
proved by his first of September exhibits, and has said
freely since their issue, that he has an abundance of
money to pay all the 4^ per cents which may not be
continued, and ts paying them in gold as fast as they
come in. We have remarked upon these matters in a
but we would add here that
subsequent column
strength
shown by the Treasury
the financial
Department at this juncture when, if at any
time during the year, its resources ought to have
been overtaxed, has been a very wholesome circumstance.
Another event of an encouraging character has been
in a deplorable
values.
A
day afternoon, though the latter was after the inquiry
had been satisfied; the average for the week
was about 3|-, and renewals were at from 4 to 3 per
cent; banks and trust companies maintain 3 per cent a^
the minimum although the majority obtain 4 per cent.
Time money is in good supply, but the supply
for the day
comes chiefly from the foreign bankers; the city banks
and other institutions are not offering liberally.
Rites are 4^ to 5 per cent for thirty days, 5 to ol per
cent for sixty days and 6 per cent for all longer dates.
There is only a limited demand for commercial pajje^
and the business is confined to E istern institntion?^
Philadelphia is entirely out of the market, and somi.'4
paper from that city is being offered here. The supply
of paper is good but there does not appear to be an"y
Rites ^ifS
urgency in the requirements of merchants
bills
endorsed
reoei'^
per
cent
for
sixty
to
ninety
day
5|
the announcement of the first shipments of gold from able, 6 to 6^ for four months conimission house name
Europe. It is not the amount that is of consequence, and 6 to 7 for good single naniep,. having from four
though already about three million five hundred six months to run.
thousand dollars are reported as afloat, but it is the
Since our last the report of the defeat of the Bal
assurance the event referred to affords which is ceda party by the insurgents in Chili has been officiaifi
an assurance that the conditions confirmed, and the war is ended. This news haajj
of consequence
are now shaping themselves so as to permit a large marked effect upon Chilian securities in London, a^
return movement of gold, which will reinforce the imparted a firmer tohe to all South American properstability of our currency.
That in this way con- ties. The withdrawals of gold from the Bank of
fidence is markedly increasing is demonstrated by the England for Germany and Egypt and the fall in foreign
fact that towards the close of the week money on time exchange here, indicating an approacliing call ou that
has been substantially easier, evidencing the better institution for, America also, has made money dearer in
tone and feeling prevailfug more than it does an in- London.
[THeMeable reports discounts of sixty
crease of bank reserves.
For we have had large and ninety-day bank bills in London
2f @2^ per cent. ^\
over-abundant bank reserves, larger than now, all Paris th^ open market rate is
2^ per cent, at Bsrlin
through the stmmer, but to borrow money on six is 2|;:j3$r, cent and.iat Frankfort
3^ per cent. The
months' time at six par cent has been until this week Bank of England lost £-214,000 bullion during the
an affair of no little difficulty.
week; this, as we are advised by special cable to nS;
The current of money has turned more strongly was due to an import, principally from Brazil and Aus
towards the interior within the last few days, shin
tralia, of £438,000; to the export, principally to German)
P|^^ beiqg made' to the 33(nth as well as to the West.' and Egypt, of £630,000, and a shipment to the iuterioi
As B cpn8e<]aence our bank reserves, though reinforced! of Great Britaia
of £33,000.
The Bank of France los
byfc .the Uovecnmont payments «n bond
redemptions,' £193,000 gold this week, and the Bank of Germam
''%iPP^'i^*»t'^.*'»y ipcrease;; j^ujt;*S?loS5:ia^he report; ^ce the last report, shows a decrease of about £254,
wbichrTTiti. be made, up to-d^y.
It is to be noted 000 of this metal. :,i!,-;t :s•
that the, Twtwnry I^bpartmentias'issoea orders this',
Foreign exchange-TTOS easier early in the week, ii
Tfiek to A^sifetafat Treasurer R6berf 8 tdfe'atnct
to consequence of a good supply of bankers' and colnmer
$500,000 the amount deposited at the Sub-Treasury by cial
bills, but aftar Wednesday it grew firmer, partb
;
^
—
"
:
.
i
;
:
•
•
J
SBPTKUUUi
,
"
1
THE CHRONJCLB.;
5, 1891.
3Q>
.
because of dearer discounts ia London, and it was
On Monday Brown Brothers
firm at the close.
Moreover, the
cedios;.
the face of in-
loss follows in
and hence
reduced both long and short to 4 83 and 4 85 respect- increased clearings from that source. Little stress, hotrively; Baring, Magouu & Co. reduced to 4 83^ for sixty ever, should be laid on these results. As was remarked in
tlay and 4 86 for light, and the Bank of British North previous monthly reviews, bank clearings in a measure
Vmerica and the Bank of Montreal lowered their rates represent past business rather than present business,.
On Tuesday and it has been known all along that a ohe^k had been
4 83 for long and 4 85^ for short.
Urown Brothers reduced the long rate to 4 82^ and placed upon mercantile activity by the short crops of
creased transactions on our Stock Exchange,
)
Magoun &
last season, the financial panic of the autumn, and
advanced
tlio
No doubt when the present
Brothers
other untoward events.
On the following day Brown
sixty-day rat© to 4 83 and the sight rate to 4 86, and improved tone in business circles develops into a genno change was made by any of the drawers on uine revival, bank clearings will begin to reflect the
Baring,
Co. lowered their long rate to 4 83.
Thursday. Yesterday Baring, Magoun & Co. and
the Canadian banks raised their sight rate to. 4 86.
The market closed firm, as already stated, with nomRates for
inal rates 4 83 for long and 4 86 for short.
actual business were 4 82 to 4 82^ for 60-day, 4 85 to
4 85i for sight, 4 85^ to 4 85i for cable transfers, 4 81
to 4 81i for prime and 4 80^ to 4 SOJ for documentary
commercial bills. On Monday Messrs. Heidelbach,
Ickleheimer & Co. received advices of the shipment to
There are also some special circumstances
the August comparison, making it more
adverse than it otherwise would be.
The falling
off from the figures of August, 1890, amounts to
635 million dollars, or 13-3 per cent.
In July
to 9 '9 per cent
as against only 2-7 per cent for July.
them from the Continent of Europe of $750,000 in
American gold coin on the following day news came
of the shipment of $250,000 more to the same house
and of #500,000 to Lazard Freres. The Fourth
Xational Bank has entered into an arrangement with
some of its customers by which money is advanced to
them without interest pending the arrival of any gold
which they may order from Europe, and it is under-
With a heavier
increase last year, a heavier decrease the
;
change.
affecting
was only 456 million dollars, or 9*4 per
the falling off
But the gain a year ago was a great deal heavier
in August than in July,amounting for the former month
cent.
present year seems not unnatural.
It
to be noted,
is
heavy chiefly by reason of the
unfavorable result at New York.
Outside of New
York the decrease is but 4'3 per cent, which is better
than in any preceding month back to April, the falling
off in July having been 5*1 per cent, in June 6*3 per
cent and in May 10*2 per cent, showing that in these
stood that already S1,000,000 has been ordered under clearings outside of New York there has been a gradual
this arrangement.
Yesterday $500,000 additional was improvement in the comparison, month by month, since
The totals for each month since the Ist of Janureported consigned to Heidelbach, Ickleheimer & Co. May.
and $500,000 additional to Lazard Freres, making al- ary, both with and without New York, are presented
together $3,500,000 on the way— $1,500,000 to Heidel- in the following.
MONTHLT OLEARINQS.
bach, Ickleheimer & Co., $1,000,000 to Lazard Freres
and $1,000,000 to the Fourth National Bank.
CUaHrmi, Total All.
Cltarin^s Outtide Xew York.
Month.
The trade situation is beginning to wear a more
No
assuring look.
too, that the loss is so
1891.
developed yet, but a more confident feeling prevails, Jsniurj....
Febmary..
and the tone is distinctly better than for some time Hatch..
..
previously,
and
steadily improving.
only to the dry goods trade,
price of cotton consequent
to the cotton crop has
This applies not
where the rise in the
upon the reports
had the
damage
putting manu-
effect of
more cheerful frame
of
mind, but applies even to the iron trade. The latter, as is known, has
all through the year been in a state of pronounced depression, but now gives evidences of improvement, though
here as else where the change consists chiefly in the greater
firmness with which prices are held and tt,e somewhat
better inquiry which has developed. In a general way
it may be said that in nearly all departments of trade
and business the feeling is very hopeful. The belief
in
facturers
is
general
trade
later
a
1891.
1890.
P. at.
very great activity of course has
thdt the
of
controlling conditions
4,939, »»3,7S8
5,255,,445,846 —6-0
1,982,344,,370
1.981,046,936
-fOl
3,949,,471,«8
4,449,,730,858 -11-2
1,644,934, 332
1,828,251,112
-l-i-o
4,211,,421,507
4,840,,485,106
-9-2
1,765,311,,985
1,817,561,516
-8-9
-8-7| 5,392,593,,687
5.428,859,664
-08
-08
lat guar.. 13,100,238,871 14,345,681,110
AprU
4,785,,396,121
4,828,,118,139
Mar
4,;89,,560,812
5,884,,786,427
4.358,,615,217
5,092,,638,756
Jnne
—0-9 1,889,518, 330 l,9l54,5.3»,973
-18-6 1,882,822,090 2,098,253,685
—14-4
-lOZ
-6-3
1,813,102,595
—
1,934,025,061
5,585,443,
5,934,813,719
-5-9
6 months. 27,033,808,624 30,161,200,43^' -10-3,10,978,036,
U,381,673,283
—3-4
'
-I
2dquar... 13,933,671,953 15,805,539,322 -11-8
Jaly
4,37),,385,^89
4,827,,282,487'
-9-4
1,893,269,
AnguBt
4,158. 770,194
4,794. 466,373 -13-3
1,755,272.
With regard
to the stock sales
Stock Exchange,
activity
it is
'
1.994,12.>,043
1,834.829,025
on our
-5-1
-4-8
New York
interesting in view of the greater
which has prevailed to
see
what the aggregate
month is and how it compares with the corresponding month a year ago. Here are the figure?,
for the
SALES OP STOCKS AT THK JfBW
affecting
YORK STOCK BXCHASOE.
1891.
and commerce are such as to ensure active trade
on and a period of considerable prosperity. This
Nwmiitr
0/ 8kara.
1800.
Valuet.
j
Number
Value*.
of Shares,
feeling of course
is based on the excellent harvests of
which we have been blessed the present
Jan.... 5,618,789
Feb....! S,275,894|
540,138,650
3I8,304.«25|
year.
Such a situation not only affords a certainty of
a largo traffic for the railroad carrying industry, but is
Uarch. 3,648,978
348,087,345;
perhaps more important as placing farmers in a position
where they will be able to spend money with greater
AprU...' 7,183,818
M»y....i 6,288,232
June... 8,978,514
cereals with
freedom,
in
years past.
supplying their wants,
than for many
1st qr 12,541,661 1,206,530,620,
699.306,920;
616.844,000
390,588,585
268,489,882
175.663,847
195.297,053
6,858,019
546,416,800
472,192.000
883,144,125
315,»7»,S0«
811,174,618
234,407,943
639,450.762 16,049,8C^ 1,401,752,925
861,561,663
422,983,510 6.082,477, 466,459,200
3 < 2,333,388 11,052,779 1,,051489,065
233,397,187 6,440,123' 518,713,025
30t,I99,aO7
5,199,190
4,497,653
128,978.858
322,189,909
Sdqr. 17.450,5e4;l,706,639,446'l,028,714,083 21,575,37» 2,038,307,390
l,2.»5,307,974
• men.. 29,992,226'2,913,069,9e6 l,ea8,194,843'37.626,2ll 3,438,060,215
2,116,889,6.'t7
July....
3,164,417
800,692,100
180,59«,153! «.00J,91S
276.741,235!
176.583,444
These observations are pertinent in connection with August 5,841,6991 ^"4,108,050 323,fl98.HC8i 4,141,805 302.073.315! 250,580.606
a discussion of our figures of bank clearings for the
It is found that 'white -"the total is much above
month of August just compiled, and which make a de- the totals f^y Jitne and Jnly, yet it can hardly
cidedly unfavorable comparison with the totals of a be considered very
large, reaching somewhat less
year ago— more so than i,u the montLimmediately prc- than six million sharas.
In May the total ran above
li.
k.
.
—
THE CHRONKJLE.
806
Lm.
[Vol.
day morning the weakness had disappeared, and the
market again developed a rising tendency. It appeared
that that no damage had been done to corn by the frosts,
sold was only 4,141,605, so that as compared with
month the August, 1891, total reflects an increase of and the crop news continued very favorable. Chesaabout 1,700,000 shares. The approximate market value peake & Ohio stocks have been active and higher all
of the shares in the month this year, it will be seen, through the week, in part on the very good returns of
was $323,998,668, against $250,580,605 in August last earnings by the company.
seven millions.
iix million shares and in April above
of shares
number
the
however,
year,
last
August
In
The
year.
Some more very good statements of net earnings for
The
the month of July have come to hand this week.
Louisville
&
gross for the
Nashville shows a gain of $321,609 in
Results this
in net.
TTmHe
month and $153,325
year are based on a considerably larger mileage, it is
true, but even allowing for that the exhibit is a very
The Burlington & Quincy makes much
favorable one.
the same kind of a showing as in other recent months
that is, while gross earnings are not greatly changed
(there is again in them the present time) expenses have
following statement,
by
made up from returns
col-
shows the week's receipts and shipments
of currency and gold by the New York banks.
lected
us,
Ending
litctivedbti
Sept. i, 1891.
N.T. Bank,.
OurT©noy...........,....,,..„.......
«2,2U6.000
aoid
2(10,001
Total gold and lexal tenders
..
$2,4 06.0011
Shipped &v
r. Ban^s.
^et Interior
Afovcm«nt.
IV.
CV,86lJ,000 Loss. $652,000
3,100,000 L088. 2,900,000
«5,958,0O0 L09S.$3,5SS,000
With the Sub-Treasury operations the
result
is
ag
follows.
Wuk
Bndtnj
Out of
Into
Bankl.
Sept. i, 1881.
IfetOlMnttin
Bank
Bankf.
Hoidingt,
been heavily reduced, so that the net stands $359,791 BMkkfl' Interior moTemeut, aa above $2,40d,OUU $6,958,000 Loie. $3,552,000
15,400,000 13,100,000 UaiD. 2,300,000
better than in the corresponding month last year. Sab-Treasarj ope'aiions
Total gold and legal tender*
$17,806,000 slP.nss.oiwi Lo-.».$l,26a,000
The Atchison return, it is almost needless to say, is
The following table indicates the amount of bullion.
very satisfactory, there being a heavy gain in both
gross and net— $396,423 in the former and $248,028 in in the principal European banks this week, and at the
the latter. This is independent of the St. Louis & corresponding date last year.
San Francisco and the Colorado Midland, each of
Sept. S, 1891.
Sept. 4. 1890.
Amko/
which reports some loss in net on an increase in gross.
Gold.
saver.
Total.
Gold.
saver.
Totai.
The Canadian
improvement in net
mouths preceding, but still there
Pacific has smaller
for July than for the
improvement, the increase being $22,060.
The
Mexican National reports gross increased from $288,724 to $324,943, and net from $58,537 to $85,322.
The Mexican Central return is of the same character,
gross being up from $451,503 to $637,815 and net from
$133,202 to $180,907. The Chicago & Eastern Illinois
also presents a most encouraging exhibit, with gross
increased from $280,076 to $343,183 and net from
$138,584 to $158,954. The Norfolk & Western reports
but slight changes $11,188 increase in gross and
is
—
$5,340 increase in net.
em has increased
its
from $240,083
its net from $59,908 to $92,840, the miles of road
operated being the same in both years. The Buffalo
Rochester & Pittsburg has an increase of $19,932 in
and $2,846
in net.
The Ohio&
£
S
£
..
4aat.-Uan>.
.Setlier lauds..
Nat. B'lglnm'
Tot.thl8 week 128,118,408 83,314,667 214.434,073 113,572.258 87,328.867 200,89a,9tB
Tot. prev. w'k 1:8,994,345 86.670.636 2l6,565,01llll4,104,198l87.e87.000 »0i,0»l,19«
• rue ilivisiuu (botweeu gold auil silver) glren lu our table ol ooin
and
DollloD In the Bank of (Jerinaoy ami the Bank of Belgium is made from
Che best estimat.- we are able to obtalu; lu neithwr case is It rlalmed to
lie accurate, as those baaKs make no dlatiuotlou in their weekly returns,
merely rnih.rtiug the total g lid and silver, but we believe the division
ire make Is a close approximation.
NoTB.— We ew^lve the foiegomg results weekly by oaMe, and while not
all uf the date given at the heail of the oumiuu, th'-y are the reCuriM
Issued uearest to that date— that is. the latest reported Ugurer,
I
TREASUBY OPERATIONS IN A UGUST.
to $298,165
and
gross
£
S6.836.073 22.688.925
(2,888,926
54,448.000 .50,641,000 105.089.000' 62.174.0uo'50.718,000 102.892,000
35.256.000 11,7.^2.000 47.0D8.000 26.585.333 18.292.667 39,878,000
6,457,000 18.516.000 21,972.000
4.488.000 16.532.000 21,000,000
S,701,0iKl 6.946,000
9.647.000
4.810,000 5.831.000 10,171.000
2,921,3.13 1.460,667
4,882.000
2.816,000 1.423.000
4.269,000
26,339.07:<
(Herman;*.
The New York Ontario & West-
gross
£
£
nicland
franco
Mississippi, with
The Treasury Department with the
ber
probably
passed
its
viously, it has required dextrous
the
first of
most Critical
Government finances up
SeptemOb-
point.
management
to bring
to this date in so
good a
$35,978 incre^e in gross, has $15,822 decrease in net, shape as the Treasury statements issued the first of the
owing to a heavy augmentation in expenses. On the month indicate them to be. We showed last month that
Petersburg net stands at $18,865, against $18,734, and foF the seven months ending with July the total revenue
on the Richmond & Petersburg $10,272, against $11 - had been only $217,487,000, against $248,486,000 for
•
the same months in 1890, or a decrease of about 31
479.
The stock market maintains a strong tone, and fur- million dollars, averaging about 4^ million dollars a,
Now we have another month, August, to add,
ther progress has been made in the direction of higher month.
prices.
Great buoyancy prevailed early in the week
(stimulated by a decline in foreign exchange and intelligence of gold imports), and the rise in values was at
and that single month shows a further loss of nearly
7i million dollars compared with August, 1890, and
brings the total for the eight months ending September
very rapid pace, which gave opportunity for the reacmany had been looking for. There were
rumors of another frost in the West, which had done,
1st, 1891, up to only $246,372,000, against $285,093,000 for the eight months of 1890, or a loss of $33,721,000 compared with last year. *
or threatened to do, considerabhi damage to the cereal
crops, and at the same time there were reports of
a
90 and 1891-92
ft
tion which so
hitch in the negotiations for taking care of the floating
debt of the Union Pacific. Subsequently there
was
talk of
a
possible ^receivership
for
the
property,
mnd then came the announcement that one of the
creditors of the concern had become impatient
and
closed out his loan to the company by selling
the collateral pledged as security for the loan.
These
circumstances were made the most of, and as a result
a
pretty general decline in prices ensued, 'amounting
te
«@3 points on the jnore active stocks. -Jiut by Tester
When
one
estimates
loss of
recalls
the large appropriations for 1889-
—even taking the amounts at the lowest
made — and
them adds
very material
to
this
revenue, one does not need tdbe told that main-
* We have made no allowance in the foregoing totals of Revenue for
the ireoelpts on account of .the national bank redemption Fund (whloh
Fund, as our readers know, wa.s made a part of the Government debt
hy Congress), because the paj ments on that account appear now in th«
disbursements in the same manner as the receipts appear in the Reve*
nue, and the payments are much larger than the receipts. But, as we
ore dealing in the above with the Revenue only, it may be as well to
state that if the receipts on account of that Fund were deducted for Ihs
two years, the eight months' total Revenue In 18«i would be !ii244,316,000, and in 1890 it would be $28*2,089,000, or a decrease of $37,
743,000 instead of $38,721,000 as
Septbxbkb 5
taining the
18U1
THE CHRONICLR
J
Oovernmont accounts
807
in presentable shape
And
yet Mr. Foster
BoldinQi by Treasurer in aub-Trtat.,
cannot have been an
N«tK0l<1 <">>" Hxil I'Ulltoii
able to show, according to the present method of keep- NetsllTerciiluuiid bullion
U. 8. TreMtiry iintes, act Juir
ing the books, that he has paid the month's demands Trade I nr bullion
and still has the $100,000,000 of gold reserve intact, Legal tender iiute*
easy task.
ia
14,
(1<
and besides
th;it
ble cash assets.
160,274,395 of what are called availaSo when the Secretary states that he
willing to extend or to pay the ii per cents, that he
is
has 60^ millions of net balance, and that 32^ milit is in
gold (in addition to the 100 millions gold
reserve), and that he has more than
lions of
National bHiik notes
Practlonal silver
Auguit
<t«.
-1801.
September
1.
$121,113,024
1S,730,»10
1800...
11,309,U57
4,03S.4S4
Oef. 476,St8
5,024,047
10.388,142
Total Gov't cash In RUb-treasurieg
In national banks
$180,0US,8S6
1.
$132,471,408
0,080,792
13.t<37,08B
3,048,1S8
520,580
6.822,253
18.410.723
2e,.'i40,830
$184,330,503
22,760,170
Total caxb In banks and Rab-treasurien. $206,540,725
$207,099,771
Amount
It will be
noticed that the
total
funds held by the
Government in depositary banks has been drawadown
in August $3,771,660, and is now only $22,769,179,
and that chiefly in this way the amount in sub-treasuries
has been increased during the same period $4,321,706.
A year ago such a draft on our banks, though not
large, would have made a serious disturbaoce in our
money market. This year bank reserves during the
month wore ample and general business not active; conj
sequently the calling' in of the amount of currency
enough to pay every outstanding bond in gold
if demanded, he is only stating what are unquestionTo be sure this net balance has been made,
able facts.
first, by Congress turning the national bank redemption
Fund into a debt, so that it is no longer a charge against
assets; next by the Secretary transferring some items
(as for instance subsidiary silver) to the column of available funds, not previously so classed; and also by a
decrease of the items under the head of disbursing offiAs to the aggregate
stated has hardly been observed.
cers' balances, &c.
But notwithstanding the net result
of currency held by the Government in sub-treasuries
is thus reached, as a matter of fact the money exists
and banks tha change was but slight, the total on
as represented, and except as to a portion of the item
Sept. 1 being $207,099,771, and on Aug. 1 $206,549,subsidiary coin could be
•of
made
at
once available for
725.
the payment of any demand.
The changes during August
the debt and in the
in
currency holdings are both interesting. In the debt
statement appear for the second time the continued 2
per cents.
afloat at
The
existence of a
Government bond put
par at so low a rate of interest
is
a pleasing
MR.
HUNTINGTON AND RAILWAY
CONSOLIDA TION.
It
is
pleasing to see so
gers entering
many
of our railroad
upon a discussion
mana-
of railway subjects,
August $22,915,800 had been especially the broad, general questions bearing upon
continued at that rate. Since September began this the relations of the roads to the public and the funcamount has been increased, the total reported up to yes- tions which the transportation system fills in the industerday afternoon as continued being about $23,750,000; trial and social body. Out of these discussions come
and as the Secretary has extended the time "until many interesting and valuable suggestions for promotfurther notice " during which the 4^ per cents may ing the usefulness and efficiency of the railway system,
be presented for that purpose, no doubt other hold- in the interest of stockholders and the public, and for
fact.
At the
close of
will avail themselves of the opportunity, for there ameliorating the effects of the existing condition of
were reported yesterday as still unpresented for payment things and dealing with the hundreds of problems which
or for condnuance about $17,500,000 of these overdue daily come up for consideration. In a measure of
-ers
No change in the total amount of the intereat- course these discussions are forced upon railroad offibearing funded debt outstanding occurred in August, cials, for the carrying interest has fared so badly at the
bonds.
redemptions of 4^ per cents being made of course in hands of legislative bodies and Government officials in
The debt on which interest had ceased de- recent years, and as a result a situation so serious as to
creased $1,550, and the national bank redemption Fund border closely upon bankruptcy has developed, that a
all
September.
debt also decreased $1,089,666 50 if we should add to vigorous defense of the interests entrusted to their care
these items the increase of cash in the Treasury we became a matter of necessity.
There is reason for conshould have $5,581,895 as the total decrease of debt in gratulation in the fact that the officials have not shirked
;
1
'
August according to the old form of the debt statement. their duty in this respect but have undertaken to set
With respect to the holdings of currency, the point the facts clearly before the public.
of chief interest is the gold item already referred to,
Perhaps the most pleasing feature of all is the clear
the net gold in the Sub-Treasury reaching September 1 and intelligent manner in which this has been done
$132,471,408, against $117,667,723 on the first of July and the capacity as writers on railroad literature which
and $121,113,024 on the first of August.
Another so many of the managers of important systems have
noticeable item is the net silver coin and bullion, which displayed.
The list of such writers has come to be
is now down to $9,080,792, against $18,730,910 on the quite an extensive one.
We referred last week to the
let of August. It is a noteworthy fact that although the really able review of the situation presented by Presiincrease in the gold item was in August $11,358,384, dent Roswell Miller of the Chicago Milwaukee & St.
that increase is not quite IJ millions more than thede- Paul, in the company's annual report, just issued. And
crease in the silver item.
That circumstance is note- the last few years has disclosed many other contributors
worthy because it suggests how the gold was obtained. of note. Railroad men of course speak with a full
The method we discussed last week the gold was paid knowledge of the facts, and their practical training
into the Sub Treasury by our banks for the purpose of gives added weight to what they have to say.
It is
securing the transfer to the West of the same amount true that the views of these men as to the best
of silver cenifiontes at the low rate of
15 cents for ex- way of dealing with the problems confronting the
pressage.
That transaction- put the silver into circula- railroads differ, and differ widely. But to say this
"u atid drew the gold out of the banks and into the ia simply to say that they are independent thinkjvernment vaults. Our usual statement of the cur- ers, which is not at all to their discredit. Indeed,
rency holdings is subjoined.
their comments and discussions show that they under^
I
—
'
!
THE CHRONICLE.
308
[Vol. liii.
a
Btand:^their subjects thoroughly, that they possess
of railroad interests,
keen insight into the nature of the problems existing,
and that their opinions are the result of mature thought
or absorption the
and with each new consolidation^
number
of
independent concerns
is
But while a general consolidation is
hardly
feasible, nor, as we shall show, desirable, the'^^
and careful and conscientious study.
those
arguments
in favor of the scheme are yet worth noting.
We hare been referring more particularly to
ia
Mr.
Huntington
points out that it would enable the
questions
writers who have discussed general railroad
prepared
roads
increased economy and thus to
to
practice
lately
Some others have
their annual reports.
diminished.
monthly magazines. Sidney Dillon had an cheapen the cost of the work, while rendering better
At the same time it would
article^of that kind in the North American Revieiu and more efficient service.
fair
the
\,o secure, he thinks, a
be
stockholders
of
possible
for
number
September
and
the
few
months
ago,
a
same periodical, recently issued, contains an article return on their share investments.
As to the general advantages to result from a union
from the pen of C. P. Huntington, the President of
Mr. Hunt- of interests, Mr. Huntington refers for illustration to
the Southern Pacific Railroad Company.
ington's article will attract wide attention by reason of the consolidation of the various fragmentary inches of
articles for the
author holds in the road in New York State into the great New York Central
railway world.
It has already been commented on in system, and also to the consolidation and amalgamation
These are
some i,of the daily papers. Mr. Huntington is a of roads' into the Pennsylvania system.
The roads which went to
hardly aualagous cases.
B'-irewd, wide-awake and energetic railroad manager,
through whose efforts in great degree a system of large make up the Central were connecting and continuous
the prominent position which
its
dimensions and of commanding importance has been
lines,
and formed a natural through route, while the
decade or two. Without scheme proposed by Mr. Huntington would involve a
underestimating the part played by the pther magnates combination of rival and competing lines, which is
who have been identified with the property, it can be quite a different thing. It is an indisputable fact that
aflBrmed^that the Southern Pacific owes its success in both the Central and the Pennsylvania owe their sucno small measure to his ability and shrewdness. Mr. cess to the development of traffic along one or
built
up during the
last
Huntington has thus been a railroad king in the real
word in the sense that J. Edgar Thomson, Thomas A. Scott, John W. Garrett and Commodore Vanderbilt were railroad kings. That is, these
men not only became presidents of large systems, but
it was their foresight and skill that brought the systems into existence. And the same is true of Mr.
Huntington, though it would be difficult to apportion
correctly between Messrs. Stanford, Crocker and Huntington the credit for the early work done in connection
with the starting and carrying-through of the Central
Pacific, which formed the basis for the subsequent
rearing of the Southern Pacific.
—
sense of the
Some
of
the extracts
in
the daily press convey
rather an erroneous idea of the nature of Mr. Huntington's article in
—
avenues that is, they have
two main lines or
been successful because, holding one or two good
routes of this description, traffic has been developed to the utmost over them, and no attempt made to
secure undesirable connecting or rival lines, or to add
difnew mileage generally without discrimination.
A
have produced entirely different
Mr. Huntington has been careful himself not
results.
to deviate from that policy in developing his Southern'
That system is not encumbered by unnecesPacific.
sary duplicate and triplicate lines, but forms a continuous and harmonious through route from one end to the
ferent policy would
other.
The
old
and soon came
of
its
career,
Wabash followed the opposite policy,
grief.
The Wabash at that period
to
as
was once remarked
Much become an infirmary for the sick of all
to Mr. Huntington's remark tions among the roads in its territory.
the North American Review.
by
us,
had
ages and condi-
prominence has been given
Now that the
that as Government bonds have been greatly reduced company has been reorganized, and the sick and dyingand are liable to be altogether extinguished before the members lopped off, the property is doing a great deal
lapse of a great many years, while on the other hand better, and a new career has opened before it.
the surplus capital of the country is continually increasOf course some advantages would accrue from a general
ing, the union of all the railroads in the country would consolidation.
Mr. Huntington mentions one of these
provide a class of security which would form an agree- when he says that if all the railroads of the country
able substitute for general investment by the masses of were held in joint ownership "they would need much'
the people.
Mr. Huntington does advance this as an " less rolling stock than is now required, as the great;
argument in favor of his proposition, and from that the "staple crops of the country are moved at different'
conclusion has been drawn that he was speaking in "seasons of the year, and cars and locomotives could!
favor of Government control of the railroads. But " be transferred from one section to another as needed,
that is not correct.
The character of the article is " thus saving a large amount of capital which otherexpressed in its title ; that is, it is just what it purports " wise for a considerable portion of the year would be
to be A Plea for Railway Consolidation.
" idle." Then the expense of maintaining separate
Mr. Huntington has had much experience as a rail- offices and organizations would be cut off. There would'
road manager, and this leads him to think that in a
also be no inducement to cut rates, and large shipper-
—
general consolidation of the railroads of the country all
interests would be furthered
those of shippers and
producers, those of the railroads and those of the gen-
—
eral public.
He
"best results
will
says
that he
"
would no longer be able to gain an advantage over
small ones by going "shopping" from one railroad to
another.
And yet we cannot reconcile ourselves to the idea of
not be reached until substantially all having one company operating all the railroads in the
"the transportation business of this country is done bv country. We do not fear that such a company would;
"one company." Of course such a contingency is at attempt to raise rates or compel shippers to pay more
best only a probability of the remote future, since
there than a fair price for the service rendered. Tlie daugcr;
is no way at present in which a general
consolidation do not lie in that direction.
The dangers i.re of a dif
c6uld be brought about, though the tendency is unAmong the chief of them is the powei
ferent sort.
doubtedly in the direction of a greater concentration
and influence which such a company would wield
is
satisfied
that the
!
SEPTKMBKB 5
IHUl.J
THE CHRONICLE
income several times that of tlic Government,
and constantly growiug, with a force of employes alongside of which even the largest standing army in Europe
would pale into insignificance, and also growing, such
a corporation would be more powerful than the Government itself, and there would be no resisting its influence, even if only passively exerted. If in addition the
executive head of such a company should by any chance
TTitli iin
,
be
:i
man
inclined to interfere in politics,
it is
fearful to
1
t
i
mony, nor even to the establishment of joint agencies
the conduct and solicitation of traffic.
But for
8uch systems to sacrifice entirely their independence and
separate powers of action, that is a proposition which
can hardly be countenanced.
There may be econ«my in a step of that kind, but it would be purchased
at altogether too dear a price.
We do not think, howthat the tendency is in that direction.
The teniever,
dency is rather towards the formation of three or four
large and strong systems in each of the leading politifor
I
}
'
I
,
methods
for
perhaps
be
making the
recalled,
distinction effective.
too,
that
It will
the disclosures two
by an Immigration Investigating
Committee were calculated, it was thought, to deter
immigrants, and especially Italian immigrants, from
coming here in very large numbers, for a time at least,
as previous arrivals were shown to have fared very badly and to have experienced great hardships in many
or three years ago
I
intending immigrants from carrying out their intentions, the grain harvests in the United States having
been the poorest for many a year, the financial situation having been disturbed by a panic, the iron trade
encountering almost unprecedented depression, and
trade
and enterprise generally being
at a standstill or
declining.
In the face of these circumstances considerably over
on our shores during the
twelve months ending June 30, 1891, with the intenhalf a million aliens landed
making the United States their permanent
The total had been large in the twelve months
abode.
PROPORTIONS OF THE IMMIGRATION preceding, when the arrivals of immigrants reached
MO YEMEN T.
no less than 455,303. But in the late year the number
The coincidence of excellent harvests in the United was increased over one hundred thousand, the aggreAnd this figure falls beStates (promising good trade here for some time to gate reported being 555,496.
come) and very poor harvests in Europe (promising the low the actual number, since it does not include the
reverse there)
the situation which confronts us at the arrivals from a few minor customs districts whose
divisions of the country.
Ical
•
between immigrants who are considered
and those who are not, and to provide
distinction
desirable
contemplate the evils that might ensue.
This is a phase of the matter which Mr. Huntington instances. Furthermore, in the late fiscal year the
appears to have overlooked, or not sufficiently consid- general conditions bearing on the business and agriculThere can be no objection to rival systems like tural situation of the country, as already intimated,
ered.
the New York Central and Pennsylvania working in har- were such as to discourage rather than encourage
i
.
809
moment
—
of
—
is
not unlikely to give a special stimulus to
movement
the
tion
of immigrants to this country.
At
least
returns are never included in the preliminary total?.
Xor
are the arrivals
from the British North American
been the experience in the past, and there is provinces and Mexico included, these having, however,
no reason to think that the tendency will be any dif- been omitted for the last six years, since owing to the
:ferent in the present instance.
Under the circum- absence of a statute providing for the collection of
stances an examination into size and character of the statistics in regard to passengers crossing the frontier
movement in the late fiscal year, when no such special by rail the data obtained have been imperfect and un(Stimulus existed, will be not without interest.
reliable.
But even as it is, the total for 1890-91, at
The extent of the arrivals during these twelve 555,49*5, is the largest of any year since 1882-83. It
that
lias
month?, and in fact the continued heavy aggregates may indeed be said to be the largest ever reached except
If
year after year in the face of developments and infiu- in the three years 1880-81, 1881-83 and 1882-83.
ances which were expected to operate as a check on the the 555,496 for 1890-91 be added to the 455.302 for
movement, is a matter for wonderment. The people of 1889-90, we get a total for the two years of over a
the
ast
United States have come to recognize during the
few years the necessity for placing restrictions upon
;he influx of
immigrants, and hence mere bulk
is
no
onger considered with the same degree of satisfaction
13 before.
With the recognition of this fact, too, the
upon the value of the immigrant
addition to the wealth-producing capacity of the
ountry has abated somewhat.
We have begun to real-
iisposition to dilate
w an
tliat
the character and ability of the immigrant
is
.oally the
element of most importance. There is of
course no desire to shut out immigration.
Those who
['re physically, mentally
and morally fit to assume the
Mes of citizenship are welcome.
There is room
icrh for them, and to
spare.
But the undesirable
'
classes— the
vicious, the degraded, the sick and the
ndigent— these necessity and national interests compel
18
to
exclude as far as possible.
With
end in view our laws have been made more
tringeat, and they
have also been more rigidly
uforced.
A Congressional committee is traveling over
'Europe at the present time making
investigations and
xamining into the questions connected with immigraion,
this
the object evidently being to gain light to aid in
raming new legislation intended to define clearly the
million.
And the total for the two years immediately
This shows what
preceding was also about a million.
a large factor in the increase in population this immi-
movement still continues to be. An addition
every two years of a million souls in this way, notwithstanding all the restrictions imposed and all the obstagration
cles and drawbacks existing in the condition of trade
and industries
We have stated above that good or bad trade, as
influenced by good or bad crops, or other circumstances
bearing on the business situation and prospect, always
had an important effect in controlling the magnitude
of the arrivals.
The connection is really closer than
Every marked and prolonged
might be supposed.
period of prosperity
is sure to bring an increase in the
movement, and every marked and prolonged period of
is just as certain to lead to a decided falling
have had many illustrations of this in the
course of our history.
Before the great crisis of 1857,
the yearly arrivals had been quite large, running in one
depression
off.
We
year (1854) above 400,000.
Even in 1857 the number
was nearly a quarter of a million ; but in 1858 there
was a drop to 119,501 and in 1859 to 118,616. During
War still smaller totals were reached. After
the Civil
.
.
.
THE CHRONICLK
310
war
the
movement
the
and
crease,
'
,
it
at
continued
once
large
began
till
rvoL. Lni.
in- which 10,637 came from Denmark, 5,206 from the
when Netherlands, 6,811 from Switzerland and 6,763 from
panic Prance.
This makes 345,230, or about 60 per cent of
to
1873,
The
amounted to 459,803.
and the period of great depression the whole, from sources which as a rule furnish good
But this still leaves
following caused a change in the downward direction material for American citizenship.
again, the arrivals dropping to very small figures in- over 200,000 as recruits from other nationalities. Examdeed; thus in 1876 the total was but 169,986; in 1877, ining these we find 75,143 as Italy's contribution, 74,With 893 as the contribution of Eussia and Poland, and
141,857; in 1878, 138,469, and in 1879, 177,826.
revival
the
40,124 as the contribution of Bohemia and Hungary,
in
1879,
payments
of
specie
the resumption
bad
and
or over 190,000 from the three together.
here
While immicrops
good
the
prosperity,
business
of
crops abroad, the movement attained the largest pro- grants from these nationalities are, for obvious reasons,
portions ever reached, 457,257 immigrants coming not regarded with the same favor by the public as immihere in the fiscal year 1880, 669,431 in 1881, 788,992 grants from other nationalities, yet it must not be inThe panic of 1884 once ferred that they have not capacity for considerable usein 1882 and 603,323 in 1883.
more caused a falling off in the tide, and since then fulness. The Italians, for instance any one who saw
the proportions of the movement have varied more or the laborers of that nationality at work on the ruins of
The the collapsed Taylor Building, carrying off single bricks,
less, the totals on the whole remaining large.
financial panic ot last autumn would no doubt (had can hardly be expected to have a high opinion of the
the effects been prolonged) have brought a great de- energy and industry of that class of our population.
crease in the current fiscal year (1891-93), but as the And yet under rigid guidance the Italians are found
abundant harvests the present year have entirely altered highly useful on railroads and other outdoor work.
the trade prospect,the probabilities are that the arrivals ^After all has been said however that can be said, it
will continue on a large scale, the more so since the still remains true that there has been a distinct deteriagricultural situation in Europe, being bad, is calcu- oration in the character of the immigrant arrivals in
lated to induce many to take departure from their recent years.
If we contrast the 1891 figures with
native land who might otherwise remain.
those of 1884, that becomes very plain.
In 1884 the
IHHIOBATIOa HOTEHEICT ISTO tmiTEO STATES FOB FORTY-ONE YEjkRS.
total immigrant arrivals were less than in the late year,
No. of
No. of
No. of
and jet Germany then sent 179,676 against only
Period.
Immvjrt't
IramAgfU
113,531 in 1891, while on the other hand Bohemia and
Tr.end.Dtc.Sl
/an. 1 to J^n* 30
Hungary then sent but 33,037 against 40,124 now;
1851'
379,168 1866
1879
177.826
1852*
371,603
1880
457,267
Russia and Poland sent but 17,225 against 74,892, and
1853'
368,615 Vr.fiwJ. .Tiw 8
5Tear«.,
1,085,395
298,96'
IBS**
187,833 1867
There has been
Italy sent only 16,510 against 75,143.
282,189
1866»
200,877 1868
1869
660,431
362,768 1881,.
a deterioration in another way, namely in the fact that
5Te«r»
1,718,121 1870
788,992
387,203 1882..
even in the case of the more desirable nationalities the
1883..
603.322
1856
195,857
1^ years.
1,487,239
1884..
518,592
1867
816,915
grade of persons coming over seems no longer as good
the
arrivals
that
of
year
;
16S8
1869
1800
119,501
118,616
150,237
B jeit
1861
1862
isas
196*
1666
*
321,850
101,806
469,803
1873..
331,166 1871..
89,721
89,007
171,581
193,195
217,153
6Tean
1885..
1871..
1878.
1875..
djears
,
1876..
1877..
793.903 1878.
895,846
5 years.
2,975,688
313,339 1886t
227,498 1887+
334,li03
1888t
1,726,796 1889+
540,889
444,427
1890+
156,802
169,986
141,857
6 years.
2,270,930
at the outset, however,
mere num-
bers do not count to the extent that they once did
in
the public mind. AVe look quite closely into
the
character and nativity of the immigrants. And in
that
particular we regret to say the movement is not
as satisfactory as could be wished.
Take for instance the
increase of 100,000 in 1891 over 1890 and see
among
what nationalities it is distributed. None of it has
come from the United Kingdom. The Germans
furnish only 21,000 of the increase and Sweden
and Norway a little over 8,000. On the other hand Italy
fur-
nishes an addition of over 23,000, Russia and
Poland
an addition of 28,000 and Bohemia and Hungary
an
addition of 14,000— that is, about 65 per cent
of the
whole has come from the three sources which
above all
others are considered the least desirable.
increase but the aggregate
for the year, the analysis proves somewhat
more encouraging.
Great Britain and Germany have not
sent at:
large numbers as in some previous years, and
yet they
have sent a good many— thus 121,975 came
from
one country and 113,531 from the other.
sent 30,915
UDRi'a ai.d
Ireland.
tS55.498
'?^' '•" "i"' include a low minor customs districts
^li??*}.'""'
'T yet
which
have nut
reported.
we take not merely the
CouT.trits.
Wa es.
Then
th<
Austria
and Sweden and Norway 49,393, besides
is
the great
solve.
Tut.
GL
1889.
1888.
1887.
5r,bS9
69,69(1
74.079
55,63J
88,024
12,65)
11?,<141
66,557
18,298
84.233
73,813
24.457
53.7r(-,
Scotland
1S91+
sengers.
t N.lit includin)? lu these Tears the
immigianta arrirlnKfrnm British
""'l Mexico, which for the year ended Jnue
4n
, o A"'P^'',''°J'™^'°"<'*
»o 18S.'5
the last year reported), reached 38,614.
If
to correct this tendency
CODNTBIE8 FROM WHICH IM.MIORASTS ARRTVED.
490,109
In these years immiKrants were uot dlstlnffiUshod from other pas-
As was remarked
How
as f ormerly.
problem which our legislators have to
12,i26
Brll'n. 121.975 la2,754 153,51« 18<:,U03, 161,718
U-.;,.',!^
92.42'
113.831
'
.
,
Denmwk
I
Nftherlsnd?
I
Italy, 4c...;..
Swlteer'aii'i
!
Grand
*
Not
188*.
68,8M
9,226
*,0M
68.!
109,508 12»,2M
84,408 124,443 17»,»7»
11, Ml'. 11,574 13,63*
5,918
6,451
6,0.34
1
14,052
1»,9Z7
19,835
16,734
15,-!'5j
2>,031
10,871
33,1-38
39,813, 39,''94
21,7.Sli
20,243!
17,S
4C,S92; 41,0< 2
48,8f'5
72,»6ii
59,105
8,'24
40.510
34,6041 43,6Sl
e,2.'5;
6,100|
9,«0I
4,508
2,314
2,689;
*,1«(
10,83-.
0,368
4,326
S.aOs!
!5,14«
52,003
6,811
6,1-83
8,8il9
8,1831
6,460
5,846
85.S0-
7,070
51.858
7,737
.S.SIS'
5,214
*
).i55,4«'
18,fl69
1
4,805!
•
•
1B..S27
l',S32|
:02 414.427 5<8,b8a
4UMU0
8.348
3.493
8,608
J
47,832] 21,316:
i
total
1P85.
48,487
5',796
7J,»-9al
AmeiiCti
AllotBercounlll('^| 20.1071 16,976
'.
1
40, 24
8,76
Hohemia A H n'y
Bus Fin & Pol'ti..
Sweden & .Norway.
P9,53K 109,717 106.865
20,122 26,8»1 20,430
I
29,632
6,5So
S6,387
SC',9i;
Fr«l!ce
N
50,803
68,370] 49.619
18,f.90
Qermanr
Anstra
Brit.
1888.
'
18,844] 16,BJ0
6,>-95
3«,21)l!
9,127,
9,IIS<
80,('
8,(
.134.203 .'I9J.348518J
collected.
NdTK.— 1 he totals for the last six years do not include nnivals from
the British North American provinceiv ot Mexico, nor for 1^90-91 the
ImmlKrants arrivinK at a few minor customs districts, for which full
reports have not yet been published.
But
if
the character of the immigration
is
not a^ we
it, the immigration movement itself
remains as a factor of the greatest importance, to be
considered in all calculations bearing on our industrial
should like to have
growth and development.
RUSSIA
AND THE DARDANELLES
QDESTION.
It
would seem
as if
the war fever had again taken
The
cable dispatches have for some
days past been quite belligerent in tone.
The Germans
hold of Europe.
have been holding their annual celebralion of the sur-i
render of Sedan
the most notable event, so far as
—
Germany was concerned, of the war of 1870, to the
Germans of course a joy, but to the French a sorrow.
SirTKVBKB
THE CHRONICLE.
6, ie91.J
These annual celebrations naturally enough keep alive
The French
the respective feelings on either side.
people very generally, if we are to judge from the language of the popular novelist Zola, and from the language of Louis Napoleon's last Prime Minister, M.
Ollivier, still
warmly cherish the
spirit of revenge.
Tiie
Germans, on the other hand, recall with a sense of
duty the saying of Von Moltke that " Germany must
"remain under arms for fifty years if she would keep
" what she won at Sedan." It is unfortunate that such
feelings should exist ; but we are not permitted to
believe that they will, immediately at least, set Europe
The presumption
311
always claimed the right to shut the Straits against the
armed navies of any foreign power in time of peace ;
and this situation was not affected by the treaty of
Adrianople in 1829 a treaty which made large ooacea-
—
sions on the northern coasts of the Black Sea.
the authority of the Sultan was
In 1841
made the
subject of a
special treaty, the great Powers fully recognizing the
Sultan's claim to exclude from the Bosphorus and the
Dardanelles in time of peace
all foreign ships of war.
confirmed this right, the
Sultan reserving to himself the privilege, as in former
times, to deliver firmans of passage for light vessels
The
treaty of
Paris again
war employed by foreign powers in
missions.
The treaty of London,
A state of feeling of a similar kind has been called which conceded to Russia certain privileges in" the Black
It is Sea denied her by the treaty of Paris, left the authorit
forth by the action of Russia in the Dardanelles.
y
matter of common knowledge that Russian policy is of the Sultan untouched and under the Berlin treaty
controlled by a purpose that presses her on toward the the Bosphorus and the Dardanelles remained in statu
Medilerraneaji.
It is the ambition of the House of quo.
Romanoff to rule in the city of Constantino and this
It will thus be seen that the Sultan was not exceedingf:
ambition has spread from Prince to people until it has his authority when he detained the Moscowa and the
become identified with the Russian name. To resist other Russian vessels said to be destined for Vladivos to hold in check this Russian took on the Pacific coast.
It is not denied that they
this aggressive tendency
ambition has been for generations a controlling motive are war ships.
It is only said that they are no
with the Western Powers. It is this pressure on the intended for the Mediterranean
or the
water*
one hand and this resistance on the other which have of the West.
But inasmuch as they are war
constituted what is known as the "Eastern Question,'' vessels, it is difficult to see how the Sultan could have
a question which has been the fruitful source alike of done otherwise than detain them until he made the
Russia has just given a fresh necessary inquiries and having learned that they were
treaties and of war.
illustration of her steadfast purpose by forcing the con- war vessels it would appear that under the spirit of the
sent of the Sultan to allow her to pass a certain class of treaty arrangements the privilege of passing ought not
war-ships through the Bosphorus and the Dardanelles. to have been granted.
It remains to be seen whether
How far the Sultan has acted upon his own responsi- the powers have sanctioned or will sanction the concesbility in making this concession to the Russian Govern- sions which the Sultan has made.
And further, it rement we have not as yet sufficient means of judging. mains to be seen whether Russia will not be encouraged
But that a concession has been made, and that the con- to take another bold and forward step, and demand full
cession seems at least to qualify to a certain extent freedom to bring her ships through the Bosphorus an(J
existing treaties, there can be but little doubt.
through the Dardanelles and establish herself as &
Connected with what we call the Eastern Question Mediterranean Power.
questions.
Sometimes the
are many subordinate
on
fire.
is
away with the day which gave
that the heat will
it
pass
birth.
under the
their
flag of
diplomatic
;
;
—
—
;
Eastern question has centered mainly in one or other of
the Balkan countries.
Sometimes it has centered in
the navigation of the Danube.
At one time it was a
BANKING CAPITAL IN CHICAGO.
Mr. C. M. Parey, Auditor of the State of Illinois, has very
kindly furnished us this week a statement showing in detail
matter chiefly affecting Grecian interests.
At another the condition of the State banks, savings banks and trust
time it was a difficulty between the Sultan and Egypt. companies in Chicago at the commencement of business,
Not long since it was mainly a question of rights in the Thursday, August 20, 1891. From it we have prepared the
Black Sea.
But of all the subordinate questions following table, which includes the returns of each bank organwhich have as yet commanded attention it is difficult ized under State laws. We have also added the totals of the
national banks under the Comptroller's call of July 9, 1891,
to imagine one of more importance than that relating
so as to embrace in the aggregates all the banks in Chicago.
to the privileges of the Bosphorus and the DardaBanking capital is increasing quite rapidly in Illinois. Audnelles, if we may assume that it is the object itor Parey in his letter speaks of the growth of the State
of Russia to get a free way to the Mediterranean with system as being on the increase. There were on August 20th
her ships of war, and that it is the determined policy 23 State banks in Chicago and 82 in the whole State. It
would seem that the national system is being supplanted in
of the great Western powers to keep her war ships out
the city, but not in the country. There are only 20 national
of the Mediterranean.
Once Russia has obtained that
banks in Chicago today and there were the same number ia
September, 1889, and 18 as far back as May, 1886— that is, an
purpose of being a Mediterranean Power and she will increase of only 3 national banks in over five years. On the
have made & decided advance toward the full realiza- other hand, the State institutions numbered 20 in May, 1891
numbered 23 August, 20, 1891, as already stated. It
tion of her highest ambition.
It is not too much to but
should be stated, in explanation of our figures for the State
say that from the moment Russia feels that she has a
institutions, that under the head of State banks the returns
right equally with Turkey, Austria, France, Italy and
include trust companies and savings banks.
England to float her ironclads in the waters of the
Combining a few of the items returned for both National
Mediterranean, an entirely new era will have dawned and State banks in Chicago, we have the following ooraparison
for the last two returns and for the returns a year ago.
upon Europe and a new Europe will follow.
right she will have accomplished her long-cherished
;
18!il.
We
do not wish to be understood as saying that the
CmCAOO.
concession which it is reported the Sultan has made
Numher of banks
to the Russian Government is a violation of any exist- rapUal
Burplii.i and undiv,
ing treaty.
What we have said is that it does seem in D>-po<lt8
a certain sense to qualify existing treaties.
The
Porte
KaVl, July
9.
Aug. 20.
43
$32,077,000
State,
profits
Loans and disconntt
Cash on hand
17.007,316
116,«74,445
135.601. 613
35,802,243
1890.
1591.
NaCl, Kay
4.
June
1.
State,
41
$27,977,000
lrt.05S,217
117.420,?85
130.723.644
41,963,718
July 18.
July 14.35
$24,371,479
tTafl,
Stale,
13.(i90.00»
10<i,r2n,09S
119.730.09»
30,240,870-
—
—
... .
.
;
. ...
THE CHRONICLE.
312
(July 9
This statement shows that the total capital in 1891
was
lor National banks and August 20 for State banks)
and disloans
the
and
1890,
in
$34,371,475
against
077,000,
counts at the same dates were $135,601,613 and §119,730,095,
The item of " cash on hand" does not include currency alone
but other cash items. The detailed returns of the State Banks
§33,-
are given in the next column.
tOH-WXtOlOk-
rvoL. Lin.
REVIEW OF PRICES IN AUGUST— STOCKS,
GOVERNMENT BONDS AND
FOREIGN EXCHANGE.
The
following table shows the highest aud lowest
and miscellaneous stocks at the N. Y.
Stock Exchange during the month of August, 1891.
RAILROAD AND MISCBLLANEOUS STOCKS.
prices of railway
Railroads.
Albany & Susquelian.
Atchison Top. &9.Fe.
ww
W
cc ui :;i ut
H*
tf^
#- en
i?
W Iv
tS
Vi
,
H*
•-.,
CJi
o-Ab-
S^f-
;
SS: if.titoro
oo. MoS»-
C;.-
483
'
S'l
81%
30
30
Central of N. Jersey.
Central Pacitlc
108
29
8138 86%
47% 55
1\
,
Chicago
Ohio.
Chic.
Do
<laD^y(O:CitC3:c0tCXr-?Ct0«Mt0pM<l-qj^
??f^S,
w
<-
l-20SC;iGOrf^*.M^OSWWf-,»*OtXWa5!OU'OSCDO^
-
eso;
1^1
on
g.
o
~3
oocccx-
o
;
H
•
<it»r
52
M^-co
,
M
rfi-ioc-'
-J
mm
o:moii-w*'|-'
H" Ci GO
O
'Xi
sn
.fco
Of~''-'»H'
'-'
Gcc:<iVicoVix(CMWCflxccVw"-i35^iiw;
^tf».K-W!CMcDOaDOW0iWfflf-^"»y''SW:
*
P
to Citz) U» Oi'^ to Ci tCWOtrf^-QO'^^Jrf''
^-^
CMC;too'to?o*:iooi-toc;i*3>-'C>-"-'CO^wo
I
^W
S
2
«
c.^s
5
g-
g
S
•t
W -q CJU-S H* -Q IK CO QO M a O «D CO
--J
Ot
i oa»o o
a>
»<
If^
o
ff
&
=
(
'
c;
t>
Xt
H
2.
EEE
o
te
M
O
;>
c
o
ScS£Ht!>5:
osa
5.
:"'•
•
Ob;
P&!
o
;
i>
t^
o22^£''°2°*ooco ooooocicoo s-ss.
oppcpivpcoococc"coppocooc«?
o
o
g
g
H
O
IS
as
H
3=& o
2
fca<io
:
'
'
;
.
CJ'M*.W!03itO
ICCJI
.J^^;-tt*wpp*.OM
OKt
03®W.0K>
M 3=*^
«C0IOl-'P'.^JXp?Ot5®*e5
S!S^'**""*""«"wo>"®c'''"'"'20'*oo
SS?~::;'»':'!r'^'M"-»'^'0*'O<iwcooecne:
ioc;'xciK.i^o^-.-^oto*.tf^towyTwtCh-o<i
Sg,
b»
a,
»:
w.
OM.
00
p_<ll
b
coif <-;
F-^tubb;
X<I
M<OcCOOil
o».
I-*
K«
t«
CBOSJCOOJ
»
0»l
CO-
XUCitOi-*.
t^X.-fCjp:
iiCtxicurf*xcoxbioc;"C;>x"
bxtcuio'
pp'i^.t.-p|0pJ0WIO;-lCC
2
CCCICO
..J
COCO
Orf-c;t
Mwb
COMrMX*.
Evansv. &. Terre H..
Flint & Pere Marq. ..
Great NoitU'n, pref..
Green Bay W. & St. P.
114
19
88
1221a
6
838
&
Hous &T. C
Illinois
pref..
M
prtf.
& West'n..
pref..
03-
.
w
w
*|^h-X
-jcniac;i^to:
ex.
2dM.
Do
M. K.
&T.
Do
Do
N. Y.
35
142
65
24
245
108
17%
Union Paciflc
Union Pac. D. &G-..
Unlt'dN.J.RR.&Can.
Do
pref.
Wisconsin Cent. Co..
United States
pref..
pref.
13%
t8»8
711a
78 H
16% 20%
147
148%
lldiSs
119
62
142
53
141
Coal and Mining.
Cameron Coal
&Hock.
Col.
%
& Iron
&I ..
Colorado Coal
361*
14% 14%
10% 11%
18% 20
71
73%
10
11%
..
Outiirio Silver Mln..
Pennsylvania Coal...
1
29
C.
Homestake Mining
Maryland Coal
38
265
40
265
5%
5I4
Quicksilver Mining..
Low. High
I8I4 27
Various.
Am. Cotton
Oil
Do
Co
pref..
Retin.Co.
pref..
36I4
48%
72%
8738
86
91
79% 80%
97
98%
11%
Commercial Cable
Consolidated Gas Co.
. .
Dis.
& Cat.
70%
105
14% Edison Gen. Electric.
Laclede Gas,
S238
Mnhattan Beach
245
Do
64%
3939
17
I9I2
230
19
9
3338
171a
461a
55
21
2738
593b
72
88
9914
8%
1'.;%
97% 101%
pref.
Silver Bullion certs..
IOOI4
1714
5
12%
...
•National Lead Trust
National Linseed Oil.
North American Co..
Oregon Improvem*t..
Pacific Mail
•Pipe Line Trust
Pullman Palace Car.
5
97
L...
"Mix. Nat. constr
Nai ional Cordage
10834
26=8
31%
8t.
51%
73
105
92% 97%
45
47%
Feed. Co.
72
13
43 14
Chic. Junction Ry...
145
6%
Northern Paciflc
& Co....
WeUs, Fargo
42%
25
13
.
10
211a
29% 37%
& L. Erie
Wheel.
7%
224
224
pref..
*4m. Sugar
9
•Do
18
Amer. Tel. & Cable...
I713 Amer. Tob. Co., pref.
25=8 Brunswick Co
73% Cliicago Gas Comp'y.
14%
pref.
70
61a
12
15
31
37
95
97
1031a 108
6
8%
391a 371a
Ilia 15
13% I8I4
8018 80%
3214 43%
2038
14
WaljasU
231a
51a
99
75
108
49
225
70
35
35
Robinson Mining
$1-05 $1-05
13
Standsrd Mining
2514 34%
76
Tenn. Coal & Iron. .
lOiia
35
pref.
83
Do
III4
N. Y. &Nor. iiref
N. Y. N. H. & Hart.
N. Y. Ont. & West
N.Y. Susq. & West...
Do
781a
28I4
15
17%
22
to
1238
16%
27%
23
31%
51%
177
93
Tex. P.ie. Land Trust
Western Union Tel..
*We8t Union. Beef
37
70%
188
101
15%
18
7314
13
8414
13
Unlisted.
The range of Government bonds sold at the Stuck Exchange
August was as follows
in
:
4%s,1891,
4»,1907,
coup.
reg.
»,
1907,
coup.
6». c. '98,
reg.
6s,
'99,
reg.
c.
100%
100%
100%
100%
Low
*>>
di
B
Sp'c'l tax Chat. ER..
do W.N. C. RR.
Lou!.
High.
AlabamaClass A
100% 101
do ema;1..102
102
do
105% 106
Dist. of C. 3-6ES coup.. 113
113%
N.Carolina 1919 68... 123% 123%
97% 97%
Con8011910 48
H a c <c tt
1st pf..
Toledo & O. Cent.pief
79% 88I3
98% 106 14
& Harlem
& Western.
^714
27
63%
1st pref.
2d pref.
Do
95%
131a
21
pref
Do
Missouri Pacitlc
Mobile &01U0
Morris & Essex
Nash. Chatt. &8t. L..
N. y. Cent. & Hud. R.
N.Y. Chic. & St. Louis
do
uo
L.&S.F.
Miiiufsota Iron
New Cent. Coal
25
3%
8%
62
42
75
•119
•116%
'116%
116%
'119
•116%
"117%
116%
•118%
116
101
*116%
116%
Lowest
•119
•116
101
•xll6%
116%
Closing
The following highest and lowest prices are from actual
sales at the New York Stock Exchange:
iT/itreT
RANGE OF state BONDS IN AUGUST
:
cMcxxi :.:.;;
&
Minneapolis
reg.
eiCOCDOM.
c.-^bkblo;
pref.
St. L..
pref..
1758
12
75
96
19
5
93
75
104
&W
Opening... 101
mglie8t....l01
rfh'cob"coto'
I
;
8.
121s
181a
Mexican Central
Mex. Nat. certf
Michigan Central
Do
2Sia
6
12
66%
Mahoning CoalRR..
Manhattan cousol
Milw. L.
22
6
12
65
1071a 117
LouiSTlUe & Nashv..
Louisv. N. Alb. &Ch..
Lou. St. L. & Tex
14%
40
66
Louis Soathw
Adams
23% American
971a
54
Long Island
Louisv. Ev, & St. L..
165
10%
561a
E.XPRESS.
.iia
4
921a 101 la
1018
6
Central
Iowa Central
Do
Keokuk & Des
Do
14%
431a
GOVERNMENT BONDS.
<p»»ifco-a;
.
6%
64
151%
Do
pref.
Rdme Water & Oed.. 106% 107%
Jo. A Gd. Island..
7
9
L.Alt. & T. H...
34
28
St.
St.
St.
St.
Do
6
60%
pref.
Do
pref..
St. Paul&Duluth...
Do
84%
pref..
29% St. Paul Minn. & Man.
17
Lex.
4%«, 1891
f:^2"^S2S9o=f*""r'x; |t-OI0X®C*,^(3lOC0OXXc;tM«iOC0^;
H.
en.
h;
h;
Do
112i«
I3714
17
Eliz.
'-'
'H^-ibHubviVjwtiiowo,:
100
81a
18
149
Rio Grande Western.
130
51
Do
a
Richmond Terminal.
31a
2138
25% 35%
pref.
& Chic.
W.
37ie
61a
2%
6
& W. pf tr. rec. 37
Renns. & Sara
165
55
45
10
Norfolk
^
Do
15%
1st pref.
2d pref.
B. H
*
Ui^ to
<1
XOC;iMlC'»*XtOiiCi o» Hi xco,utocc.
Htc5.x^ipcooix»-.o;xH©i OHQDcsoi|
!
CI
..<
to
COtt
S.
X
P
CiWtCCOM.
o V
t?.-CSX.-'WCl»-c»-0
e-* g
13
ITia
74
19% 27
&8t. L
24
2838
23
12478 I3514
14214
1301a
14
18
iSia
41
.
^s§
* a.
P. C. C.
421a
103%
131%
N. Y. Lack. & West.
ST. Y. Lake Erie & W.
pref.
Do
.V. Y. & New England
g-^-
-J
tcyi.
i£.<*
Do
Do
Lake Shore
;
(Dm
pref...
Do
O
OcCR
.
Lake Erie
coo"
•
Hock. Val.&Tol.
Delaware & Hudson.
Del. Lack. &, Western
Den. & Eio Grande.
Col.
o
O
15%
.
Do
w
S gp.g-2 o g C
b o
g c
Northwest...
Oreg. Sh. L. & U. N..
*Pen8a. & Ailantic...
Peo. Decat. & E'viUe.
Peoria & Eastern
Phila. & Read, certa.
Pitts.
91
Ibij
651*
Oregon Ry.&Nav.Co.
Pittsb. Ft,
6118 7II4
1081a 118
Des Moines &Ft. D..
E.Tenn.Va. & Ga. Ky.
H
K
B
*».
pref.
Southeni
Do
pref..
Chic. & Roclt Island..
691a
2214
Chic. St. P. Minn. &0.
Do
78% egia South Carolina
i>ref..
5838 70
Southern Pacific Co
CI. Cin. Chic. & St. L.
Texas & Pacillc
Do
pref..
90% 96
Tol. Ann A. & No. M.
Cleveland * Pitts.... 147I3 151
?*
OQcoVt-'*«ct©o;b>loa.o**^QDbixocoi>-oCM
OCJD0:O-JCMh--JlCWCS»'-O'>5OO0;*;Jx;-nt0
O W » *4 C
o
o S^
o
s
P<l53Wh*it..WTCCS03<I(P-tDH'QO;-p5^SJ'p>lJ.^rf*-
!0X^
td
MOO®. O
l(.x.
PaiU.
St.
Do
Low. High.
14
23
& Mississippi...
OlJio
33I9
2214
148i« 1571s
7958 96»e
621a 72^4
pref.-
&
Chlc. Mil.
Chic.
w:
pref.
Burl.& Quincy..
& East 111
Railroads.
Ohio
9
120
129
Alton
i&
Do
icpoxxoo-qMtOQoi3:<j. ccxopxcd-cos.
to
41"s
4,
7812
Ches. &0. Vot.Tr.cert.
Do
do 1st pref.
Do
do 2d pret.
"to
2
SB'S
Bap. ANor..
Canadian Pacillc
Canada Soutliern
Ced«r Falls & Minn..
Burl. C.
wen' tooo.-~i:
4II4
7
31H
Atlantic & Paciflc
B. &0. 8. W. i.ref....
Buff.Rocli.4. Pitts
Do
pref
;c:Dr-Oi'
O «i I—
Low. High.
162
162
5
5
5
5%
So. Car. 6s,
High.
non fund..
2%
3%
tr. leo....
5%
5'4
104%
Tenn. new settlem't 68.101
105
do small.105
do
100
100
do
5b
67% 70
do
38
74
do
com. b.l912. 74
9
9
Virginia 68 deferred..
Do
do
J
Seftembbr
.
THE CHHONICLR
iJUl.J
5,
318
BUNDS ISSUHD
The daily posted rates for 00 days and demand sterling
in August are given below, it being understood
that bankers' actual ratee are usually a fraction below the
exchange
prices posted:
BAHKKRIt'
Auf.
STKKUHO BZOBAMOB (POSTED KATES) rOB ACOUST,
60
De-
day*.
mand'
1.... 4 85->«
2....
8.
8.... l?5->«
4....
5.... 4 8411-5
6.... 4 84-5
7.... 4 84-4>«
8.... 4 84-li«
9....
... 8
10.... 4 84-419
A.ug.
4 87-1*
67-i»
87-19
861S-7 17.,
4 841S-5
484I9
sVeii
U.... 4 84-419
86-6 >s|
86 "9-71
4 841s
4 84>s-5
4 8419-5
21..
22..
23..
24..
Open. 435-19
87
High.. 4->5i9
U)w.. 4 83
t
87
Last.. 4 83-19
4 8.J-0
8,
'4
following
is
Can. Paoiflo, 36,886,12(1
Kan.Paciao.l 8,303.0«0
am'n
and of the cash in the Treasury
August 31, 1891.
fnt'r't
Amount
ItSMd.
.fl
mount
%
8,IM0,785
9.154,77:1
3.911,9' 16
Paciflc^27,2a6.sia
872,866138,081,878
12,904,703
l«,0Ou; 8,.317,808
2,814,118
482,447
9,367
4loazC.&P.|
16,283J 2,215,891
179,541
Totals
1,628,330
19,706
'"**'''*
!*»«**»
n«t«OTOtn((i.i*** "• '•
!
«e8,»>3
J28,998>I4
6,214.S9t
488,410
6,92?
a4,W8,2«f
l.»8,43B
1,001.761
3,086,860
1,103,620
.84,623,812
gugltsh
a6J«».00»
^tms
London, Saturday, Aug. 22, 1891,
The Russian ukase forbidding tlie export of rye has caused
an advance this week in the value of money, The rate of
discount in the open market here is barely IJ^ per cent, but
the tendency is upward and the probability is that before long
at
Out«ta'i(tt)i^
Coupon.
RefjtMtred.
1
63,03
Oan, Br. (J.P.I 1,800,000
West, Paolflo 1,970,660
it
Pay'le
a*nUe.
pay- 1'^
m't»;5p.c.
[From ouj own correspondent.]
INTKKEST-BEAttlNO DKBT.
Loan.
%
«»8,861 38377,419
ByeOMh
TVarw-
pmtation
S,'5
the close of business
Title 0/
By
l|ft0ttetatrijE®omwcrclal
18719
the official statement of the United
States public debt
yt
paid by
the V. a.
void.
187-19
1891.
31,
intsrcsf
oconMd
and not
«
mand
87
DEBT STATEMENT AUGUST
The
De-
day:
86I9-7
43419-5
4 8419
1801.
28.... 43319-1 8.5i9-:)'9
86i«-7 29.... 49319-1 S5i9-ai9
86I9
30....
8.
86I9
31.... 4 83-19 4 85-6
8.
86-7
18.,
86-6 19 19..
36-6 1« 20..
*««'•
stanitnt.
86i«7 25... 434-19 4Htii9-7
26..., 4 84-ig 4 Hti>9
87
87
27.... 4 84-is 1 80- 19
4 84i«-5
4 85
4 86
18.
14.
15.
16.
12.... 4 8419-5
De-
mand.
ou^
HAILRUADS.
fnt.rtpiiMttyComjMflUS.I Balance
Intfrut
PrCncipol
Name
of Railway.
60
60
day$.
IN All) UK HACIKIU
Tot.il.
will rise sharply,
Russia will have to import maize.
Ger-
many, Scandinavia, Holland and Italy will also have to import maize as well as wheat to make up for the deficiency in
wheat and rye, and Western Europe generally will have to
import largely of wheat therefore, it seems clear that the
demand both for wheat and maize from the United States
will be on an unprecedented scale, and that large amounts of
gold will have to be paid for the imports. Besides, harvesting
here is now beginning, and there is a demand for gold already
for Grermany, South America and Egypt, while the revival of
;
4H»,F'u'd Loin. 1801 Q.-M.
Continued at 2 p.o. Q.— M.
4a, F'ded Loan. 1W7 Q.-J
$860,000,000
TW.saiSSO
.
4g, Ref'd'g Certiao's.
Q.—
AxKrenate excl'dV
Bds to I'ao. RR.I
l»la,5^^,550 ?11,360,S50
|2;,M3,4'ii)
22.810,S0O
U83,391,0OO, 78,176,000
S2,9r),«00
40,012,750
93,-220
532,899,350' 87,588,860
1,080,841,100
....
559,5tf7,0.-)ii
610,529,420
DKBT ON WUICn 1NTERK3T HAS CKASBD SINCB MATUHITV.
is giving new courage to this
market, and business generally seems to be improving.
The silver market is very inactive and weak. Trade in
India is slack. Distress is threatened in many great districts,
raising a doubt whether the exports of wheat will be as large
as hitherto had been expected, and the demand of the metal
speculation in the United States
AgKreKate of debt on which Interest has ceaaed since maturity Is »l,>tl] 770
Tbjs debt consists or a cumber of Items of which the principal amounts are
Suled bonds.
DKBT BEARING NO INTERESr.
Legal tender notes
Old demtind notes
tS4e,6Sl,01«
55tM7
National Btiik notes:
Kedemptlon account
37 372
Fractloniil currency
-.iOy
....|16,28J,6I4
8,375 934
Less amount estimated as lost or destroyed
and Portugal is less than was aaticipated. The
market, therefore, is exceedingly lifeless, and the price is no
better than 45 3-16d. per oz.
The revival of speculation in the United States has stimulated stock operations here.
For the first two or three days of
the week the buying was exceedingly good, and though the
for Spain
8,907,68u
AgffreKate of debt bearins no Interest
...$391,010,552
,
CERTIFICATES AND N0TB3 ISSUED O.V DEPOSITS OF GOLD AND
SILVER COIN AND LBQAL-TENDBR NOTES.
CUuttflcation of CertiflcaUs
and
Note$.
In
\
the
;
Gold
certificates
KWer
In
.^niouf.t
Circutaf Ion
Issued.
j
Treasury.
public did not deal largely, it bought more freely than it bad
done for twelve months past. In the middle of the week,
however, the leading Stock Exchange operators assumed that
the rise was being carried on too quickly, and sold to realize
profits on a large scale.
This appears to have somewhat discouraged New York. At all events for the past two days
business here has been much slacker than early in the week.
But though there is a pause, every one is convinced that it
will not last long, and preparations are being made for a more
active and profitable business than has been done since
August of last year. Strange to say the rise in South American securities has been quite as great as in the securities of the
United States, There is no real change in the situation iu South
America, The crisis in the Argentine Republic is as acute
as ever. The civil war in Chili as yet shows no sign of
ending. And the speculation in Brazil bodes no good. But
Ma
j»37 ,721,230, $108,273,079 $145,994,
6.624,888: 817,588,321 82i,213,J0M
certificates
Currency certiHcatss
Treasury notes of 1890
730,000
[
13,937,6^5
I
Agxregate of certlflcates
28,456,0001
29,l,15,ioo
45,74S,350
59.M6,035
$59,013,«53 $500.004,750 !$559,07?,00 3
UECAPITULATION.
August
Clawillcation of Debt.
SI,
Jutt, 31,
1891.
1891.
Interest-bearin^ debt
Debt'.n which interest has ceased
Debt bearing no Interest
^greKate of
interest
est bearing debt
610,529.420
610,529,420
1,613,320
392,106,219
1,611,770
391,016,552
Increase or
Decrease.
D. 1,550
D. 1,089,687
and non-Inter1,003,167,742 1,004,948,039
and notes offset by an equal
a uouQt of cash In the Treasury...
D. 1,091,217
Certificates
Aggregate of debt. Incl'g cert's
&
659,078,603;
647,648,703 1.11,429.900
notes. 1,562,23'1,345 1,561,897.662' I 10,33s,C'!3
CASU IN THE TKEASURY.
Gold-Coin
SlWer dollars
Subsidiary coin
•
S"5
Trade dollars,
3,"48,163- 4^,844,023
(old
„l88ue
Treasury notes of 1890
Gold certlflcates
,
Silver certificates
Currency certlflestes
Natiijual bank notes
Other— Bonds, Interest and c up ns paid, awaiting reimburse»?"""••.•
and
28,984,630
13,«87,6»6
37,721 2'-0
6,624*888
730,000
6,822,252-
94,820,685
84.808
fractlotial cur-
r*"":? ••.
sits in national b
309,684
Uep
ink deposllures -general acc"Unt
uisbursing olBcera' balances
17,500,261
5,268,918—
23,193,153
Aggregate
$766.6011
DEMAND
LIABILITIES,
Gold ce tiflcates
81lTer certlflcntej
Currency
seem to have convinced themselves that prices have fallen as
low as they are likely to go, and therefore they are inclined
to lay in stock promptly.
Moreover, the impression is growing that a commissioner is about to be sent out to the Argentine Republic to study the situation upon the spot and report
a plan of arrangement. This was suggested some few weeks
ago by the " Statist." The suggestion was welcomed by the
city generally, and powerful influence was brought to bear
upon Lord Rothschild's committee to act upon it. The impression is growing that a commissioner' will be sent.
Indeed, it
may be stated positively that negotiations are going on with a
view to the choice of a commissioner. The mere prospect of
an arrangement of Argentine finance has infused new heart
37,098,677
bars
Paper-Legal tender notes
ailnor coin
the public here, or at all events the leaders of speculation,
fK8,4Si,231
06,262,267-$240,744,488
34h,856571
18 440 722
Bap
.,,
ales
certifl
tl4,'>
!
.............:...;...•
'.
...........::
"";•*
FLnTr,'?
no"!"
'"^.folemp.
of uncurrent uatlonal bank notes,.
f.„.
Ontstnnding chocks and drafts
Disliu
-ursiugoraccrs' balances
Age.cr accounts, *c
.
goj*'je""ve
«« cash balance
into the market.
km «(»
^M'aw
aJilJsloo!.
The negotiations also for the settlement of the Uruguayan
debt are approaching completion. It is said that Dr. Ellauri,
59,8»V>36-$889.078,,«03
.
»,iii)0,-83
3!869>70
34 lOl
.',18
3.187,139-
$1CO,OCO,000
60,274,396
47,249.:,:.5o
16<.,274
195
]
4tfregat8
CMh balance
Cash balance
In
in
the TreasurrJuly SlVisiV.'.'."".'.''."'.!!;.;::;;.";;"
the Treasury August 31, 1891
Increase during the month...
$*66«ft2',"48
i6.l'7B3'
16o'.274 ,S1'6
$4,490,680
the Uruguayan Commissioner, has practically come to an
understanding with the committee with which he is negotiating.
The plan of arrangement is stated to be an amalgamation of all the foreign debt of the country and a scaling down
of the interest to 3J^ per cent. There is much dis.'^atisfaction,
however, with this plan among the bondholders. The 5 per
f
'
THE CHRONICLE.
314
as a
cent debt, which represents the old 6 per cents as well
has a
large floating debt which was amalgamated in 1883,
prior claim upon the customs, and the holders of the 6 per cents
other
object, with much reason, that it is not fair to give
bondholders an advantage over themselves. The 6 per cent
debt is of two classes—one a public loan brought out by Messrs.
Baring Brothers in 1838, and another a loan of two millions
taken by Messrs. Baring Brothers last year, but never ofiEered to
the public. These two loans are to be amalgamated with the 5
per cents, but the holders are to be given a somewhat larger
capital.
The holders of the public bonds are strongly opposed
to giving Messrs. Baring Brothers the same terms as they are
to get themselves.
It
seems, likely, therefore, that there will
Especially it
anxiety respecting the Continental bourses.
is feared that before long there will be a serious break in Germany. Next to Russia herself, Germany will suffer more than
any European country from the failure of the Russian crops.
For the poorer classes in Germany live mainly upon rye, and
Gtermany hitherto has imported about 90 per cent of its foreign supply of rye from Russia. As this supply is now cut
off and as rye is as dear as wheat, the poorer classes in Ger-
many
will have to fall back either upon potatoes or upon
maize, and the weather in Germany is unfavorable for the
potato crop. It seems likely, therefore, that the autumn and
winter will be a trying period for Germany, and indeed to a
certain extent for all Europe.
But in Germany more particu-
than
it
clear that the price of food will be very much higher
has been for years past. That means of course that
is
the working classes will have less money to spend with all
other trades-people except the baker, and consequently every
trade which largely depends upon the outlay of the working
classes will be affected. Already trade is declining in Germany,
and it is feared, consequently, that just when food is dearest
employment may become scarce. Besides, as Germany will
Ijave to import so much wheat and maize, it seems reasonably
certain that she will have to ship gold to pay for some
portion
At least of the imports, and a drain of gold when trade
is
and when securities generally are so much depreand credit has been shaken, may bring
a.bout a crisis on the Bourse. According to the latest
return
the coin and bullion held by the Imperial Bank
somewhat
exceed 40}^ millions sterling, and the general estimate
is
that about 10 millions sterling consists of silver.
Therefore
the gold held by the Imperial Bank is about
863,^ millions
falling off,
ciated as they are,
sterling.
A
material reduction would no doubt disturb the
money market. France is much richer than Germany, and
can
bear a single bad harvest much better. Besides,
the Bank of
France is wonderfully strong. It holds at present
about 55
millions sterling in gold. Yet even in France
dear food and
a large drain of gold cannot fail to have a depressing
influence
upon trade and upon the Bourse. Bearing in mind
the critical condition of Portugal, Spain and Italy,
it is therefore
natural that the more careful observers should
be looking
forward with anxiety to the autumn in most
Continental
countries.
The weather continues unfavorable for the crops,
especiaUy
in the South and East of England, and it is
unfavorable also
on the Continent. From Switzerland, France,
Holland, Germany and Austria reporto are unsatisfactory. Regarding
the
United Kingdom, however, it is fortunate
that the harvest is
late.
Just now it could not be got in in good
condition. But
*8 July and August have been so very unfavorable, it is
hoped
that September will be a fine, warm month
and if it is the harTCBt may be garnered in good condition.
Even now the general
belief 18 that the crop is not very
much under the average but
Of course the kind of weather during
harvest time will decide
whether the grain wUl or will not be fit for
milling. Early in
the week there was much excitement
in the wheat market
owmg to the sharp rise, more particularly in the
United States
and in Germany and Holland. For the past
few days there
been more quietness, but nobody doubts
that wheat must
be very much higher during the next
twelve months than it
Has been for several years past.
The following return snows the position
of the Bank of
England, the Bank rate of discount, the
:
^
«ompared with the
1890.
Aug- 19.
Aug.
X
1889.
Aug. 21.
20.
£
£
24,946,835
Olranlatlon
Pablie deposits
8(1,810,705
24,816,895
4,198,620
Other (lapo«ltf
<}OTernmeQt secarlttei
Other tecarittes
«8,219,878
10,311,855
3,303,457
28,870,685
fteBerve
Aug.
4,139,283
3,148,939
24,118,044
16,017,398
25.415.881
15.372,225
16.071,237
28 394,H«
21,38J,511
17,020.31)8
14,287,487
at.
£
24.577,115
18433,287
19.955,633
12,395.277
11.937.392
22,853.183
21,141,903
Cola and bullion
»6.781.073
20,301,607
43 11-18
Prop. assatB to llabilitlei.per ot.
*5«
41M
43H
Baa k rata
4
3
3
per et.
£«
98 6-10
98 3-16
CousoIb 2^ per enet
96 1-1«
100><
167.722,000
135,773.030
135,886.000
123.896,000
Clearins-Houie returni
The following shows the imports of cereal produce into the
United Kingdom during the fifty weeks of the season compared with previous seasons
:
be a sharp tight over this arrangement. The bonds of Venezuela, Honduras and Guatemala have risen with those of
Argentina and Uruguay.
Although the great operators in Paris express much confidence and are endeavoring to put up prices, there is much
larly it
un.
[Vou
price of consols
last three
years
&c
'
:
'
owt
Vtaeat
Barley
Oata
Peas
Seans
Indian corn
Plour
IMPORTS.
1889-90,
1890-91.
56,174.470 55.559,755
14,185,636
16,001,564
15,3:«,309 12,163,471
1,736.698
1,866,596
3,430,051
3,236,163
41,726.881
29,239,290
15,230,093 16,016,125
Supplies available for consumption
September
1888-89,
57,543,179
18,413,604
16,376,812
2,231,824
18S7-88.
47,991,701
18,880.983
17.4 76,749
2,894,985
3,0U,645
2,669,339
31,408,033 23,722,020
13,981,701 17,757,983
(exclusive of stocks on
1):
1888-89.
1889-90,
1890-91.
Imports of wheat.owt.56, 1 7 4.470 55,559,755 .57,543,179
13,9-11,701
15,210.0ai
16,046,125
Imports of flour
Jalea of liome-grown. 33,521,707 44,270,400 35,421,52.4
1887-88.
47,991,701
17,757,983
37,076,659
101,926,270 115,876,280 106,946,403 102,826,343
1890-91.
1889-90.
1888-89.
1887-38.
Englisli wheat, per qr.—
36s. 6d.
30?. 9d.
35s. 9d.
Iverage price, weelc....39». 81.
309. lid.
303. 9d.
308.101.
Average price, season.. 358, 2d,
Total
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
Ltutaeek.
1,908,000
183,000
310,000
This week.
WTieat
qrs. 1,778,000
171,000
Flour, equal to qrs.
340,000
qt«.
UaUe
1889.
1,608,500
1890.
2,167,000
208,000
721,000
229,000
524,000
Bazllsli Finaaolal narlcets— Per Cable.
The daily closing quotations for securities, &c,, at London
ire reported by cable as follows for the week endina Sept, 4
>
:
London.
ifon.
Sat.
Silver, per oz
461,,
451,
95n„
9579
Oon9ols,new, 234 per
9578
9578
do for account
Pr'ch rentes (in Pari8)fr. 95-32ia 957712
102 ^ 102 1«
U, B. 4«asof 1891
120>4
120^4
U. 8, 48 of 1907
89
Canadian Paclflo
893a
71»8
Ohlc. iMll. &8t. Paul.... 70%
Illinois Central
1031a 10419
119%
Lake Shore
119's
80
Louisville & Nashville.. 78%
75
75ifl
Mexican Central 4s
109
S. Y. Central & Hudson. 108
2HI4
27 14
ST. Y. Lake Erie * West'n
d,
ct»,
'
1
I
I
I
2d cons
105%
do
Norfolk* Western. prof. 53>ii
Northern Pacific, pref... 73%
Pennsyl viiuia
Philadclphin
&
Readinif.
Union PaciHo
Wabash, pref
106%
Tue$.
Wed.
Thur:
451,6
451,8
9415,,
45ii«
45
95
9416,,
i95
x95
I.,
le
95-65
102 ><
1021a
120%
S8»8
8878
7338
72%
11914
8014
75 14
108%
2638
106 1»
Fri.
951'«
95
95
9582»« 96021a 9510
120%
104 13
\
1021a 1021a
121
897»
72»«
lOlia
1041a
11978
119
120%
j
I
104%
119%
89 14
7278
fO%
79%
75
108 la
lOSk
8UI4
75
1081a
2718
2.=.»8
106
75
26>s
106
561a
73%
55%
55O8
7314
5579
5578
1051a
5578
731a
551a
1778
1778
18%
183a
17%
42 14
44 14
43%
41
28»8
2914
4II4
2918
431a
28i«
5558
17»g
5618
74
28%
2918
55>»
72%
55
and Wiisctllrmtaus JJ^ews
United States Mints. — The following state-
(Stffmmetctal
Coinage by
ment, kindly furnished us by the Director of the Mint, shows
the coinage at the Mints of the United States during the month
of August and the eigut months of 1891.
SigM Months
Auguit.
1891,
Denomination.
Pieces.
Value.
Pieces.
Value.
»
Joable eagles
Salt easfies. .-...,,..
rhree dollars
Quarter eagles
83.000
12,000
12,000
1,660,000
120,000
60,000
'3,543
........
OoUara
Standard dollars
Half dollars
Qaarter dollars
815.425 16,308,500
119.1-7 1,194,870
157,621
788,105
8,857
'
107,000
1,840,000
1,096,076 18,300,332
1,180,000
1,180,000
5,846',006
sai'odo
19,834,263 19,834,263
13.1,15)
76,575
175,088
70),350
14,866,466 1,488,647
7,020,000
1,764,000
35,554,229 21,572,573
1,484,000
74,200
9,743,100
487,170
4,o'26',obo
'io'ioo
26,41 r, 40 j
264,114
5,504,000
114,400
36,134,800
751,284
12,631,000
3,718,400
-.
Total sliver
Fkred oeiits.... ......
Total minor
Total oolnanre
72,805, l'«5 10,624,180
—
GhjVKKNMENT kBVKNUK AND EXPENDITURES. Through the
courtesy of the Secretary of the Treasurj', we are en<ibled
CO place before our reaiiers to-day the details of Government receipts and disoursements for the mouth of August,
From previ ms returns we obtain the d<urtij for previous
months, and in that manner compl-<te tne st-iceindut for the
eight months of the calendar years 1891 and 1890.
:
Septembeb
: :
.
:
.
THE CHRONICLE
6, 1891.1
315
XPOBT8 raOM H»W TO«K VOB TUB WBIK.
RBOBIPTH (000« nmlMnrtl.
1888.
1889.
1S90.
Por the week..
ln««r'l ViK'It 7atal.
Rtt'ue H(mrc'$
tonu.
~~*~
~*~
rne«r-l
Jian'iM
MUC'U
~i
Pr«v. reported.
lotol
~l~
88.818
10.081
8.791
sn. (19
1«.B<1«
10.115
1.785
SO.SiVI
89,418
87,1*1
80.800
11.888
8.l)8«
d8.7r8
IW,S69
87.417
17,1'M
18.308
ia.HS7
8t.77S
33.8B1
<3.18U
13.7JH
f3.8»
31.781
8 1,AC]
U.SS4
91.880
M,30n
16,1116
18,&0«
M.2I8 88.88S
8a.«9«
S7.974
IU.104 848.318
»8,or7
18,B94
March
Apnl
15,378
ii.»a&
U.03S
S.4D0
11.807
18.S0H
Mar
11,985
13.23 <
Jao*
14,1(19
JalT
08.838
1.894
1890.
$7,876,301!
1891.
$5,555,221
214,882,921
232,431,315
H.60?»,.391
230,600,119
Dotal 35 weeks. $194.590.719 $230.307.646'$220.438, 144 $2^9.209,803
a»jMS S7.890
M.1S7 S».ftll
Janoary
Fabraarr
Aocnst
Outtonu.
~*~ ~r~
$5,518,651
189,072,068
18.818
8.527
3.201
87,517
83,953
IM.ai*
11,718
13.838
88 303
18,567
J3.734
8«.607
181.808
9-i.360
88,425' <86.093
Thefollowmg
caoie
shows the exports and {(nporta
and 1839
BXPOBT8
38.410
Ain>
IMPORTS OF aPBOIB AT
NBW
TOBK.
Sxportt.
Imporli,
Oold.
Week.
SineeJan.l.
Week.
ainee Jan.1
-I
Total 8 months..
Natloniil blink deposit fund Inoluded ;—
dl^'V'.fl'V).
() «:H-|.I45.
($129,120.
In ISill: ,i«;n.r4ti.
J «390.835.
/^Wixio. u'Ui.lin. h mn.H7.i, t .o total to Aiwust 81, l-<91.beln« »2,0!h.;)hi.
In 1990: i |JU3,750. 1 tl.lW.HO, the total to August ^l, 1891, belaK«3.UO4,4U0.
DI8BUB8EMBNT8 (OOOg Omitted)
Sreat Britain
Pranoe
..-.•-•
$37,044,684
16,546,583
$liil85
Mexico
South America
1890.
Ont«.
nary.
Pr«m- Ibtol.
In-
~i~ ~$~
Ordinary.
iunu.
«ioru. tereat
"T~
1.C81
8.861
83.U81
16.680
Fet>....c 514.0 >6
17.311
9.61H
880
;02
81.728
31,482
264
8,51»
18,722
13.663
2.355
26.331
31
89,77a
7IH
35,9113
2.823
3»,720
5.091
169
March.. C21.272
April... (422.712
Mar...
«2i 1,9:16
Jane... /1H.<8(
Jnlr ... <r^3.^i3^
Ang
his. 1 76
Smns. 151851
Natl
>n<ii
1
13.958
9.815
5,9rtl
13.394
12,591
48.'
9.386
8.781
1.514
22.;
14.903
14.813
18.839
an
2.051
39.0.)2
(Germany
West Indies
Mexico
South America
876
1.730
81.204
All
OitiiK ru.lHiuplluii tu.id t'tula.lMil
7».(«
518
957
28.060
1,3<9
8.0x5
671
17.512
7,
29.1)0S
8111 27,287
'
.
Chanoks in LsGtAL Tejjders and National Bank Note:* to
Sbpt. 1. The Coinptroller of the (Jurrency has furni8he(J
na the foUotving, showing the amouata of national bank
notes Aug, 1, together with the amoaats outstanding S^pt,
)ath
aUo
1, and the increase or decrease during the
the changes in legal tenders held for the redemption of bank
notes up to Sept. 1:
—
m
^ationat Bank Ifote*—
Amount outstandluK Aug. 1, 1891.
Amount issued duriuK Aug
Amoont retired during Aug
Amoont outstanding
;
$168,421,722
$4,323,350
1,431,&10
Sept. 1, 1891*.
2,791.840
$171,213,562
Legal Tender Hotet—
Amount ou
depoait to redeem national bank
notes Aug. I. 1891.
Amount deponited during Aug
..
Amount reissued <b b'nk notes retlr'dlu Aug,
$38,714,482
$50,980
698,107
93,515
$3,007,805
6,515,064
4,753,558
other countries..
According to the above the amount of legal tenders on
deposit Sept. 1 with the Treasurer of the United States to
redeem niitional bank notes was |37,4'J3,713. The portion of
this deposit made (1) by banks becoming insolvent, (3) by
banks going into voluntary liquidation, and (3) by banks reducing or retiring their circulation, was aa follows on the first
«f each of tue last five months
Inaolv't bks..
Llquid'g bks..
June
1.
$
850.263
5,555,393
8S8.231
5,603,340
Augutt
Julj/. 1.
Sept. 1.
1.
$
822,692
5,4^0,605
765,870
745,860
5,335,551
5,274,724
Bed'o'g undr.
act of 74..* 37,051,483 36,439,861 34,341,669 32,593,061 31,403,128
44.323.054 42.815.71T 40,584966 38.714.482 37,4J3,712
Act or June ^O. ld/4, aua July li, 188^.
Total
'
iMPOETs AND EXPORTS FOR THE Webk.— The imports of last
week, compared with those of the precedia:; week, show a
decrease in both dry goods and general merchandise.
The total imports were $3,763,086, against |14,693,t00 the preceding week and 19,917,433 two weeks previous. The exports
for the week
17,097,453 last
ended Sept. 1 amounted to $S,609.891, against
week and ^7,134,089 two weeks previous. Toe
following are the imports at New York for the week eniina;
(for dry goods) Aug. 27 and for the week ending (for general
merchandise) Aug. 28
fint
'
week
;
FORBIOS nn>ORT8 AT
'"or
Week.
Dry Goods
Oan'l mer'dlae.
Total
1888.
3.156.885
5,510,476
$8,667,301
Since Jan. 1.
Dry Goods
8«n'l
ul(^r'lllse.
KBW
1889.
$2,.%28,959
7,898.02ol
$10,426,979
TOBK.
1890.
$2.1i9.556
5,390,792
""426
85,100
$40,825 $1,387,377
203,247
4.089,487
37,700
999,793
—
scriptions for $425,000 fully paid, non-assessable capital stock.
The condensed statement of the company's affairs and prospects will be found in .advertisement. Parties desiring this
stock will send to main office, 45 Broadway, New York, or to
the other parties named, for blanks and other details.
—
The subscription listg for $750,000 of the 8 per cent preferred stock of the Colorado Fuel Co. will close on Wednesday,
the 9th inst. The company is earning above all charges more
than double the amount required to pay 8 per cent dividends
on the preferred stock. The advertisement in another column
gives much information, and a pamphlet has also been issued
giving a full description of the property. This latter can be
had from the banks or bankers in New York, Boston, Chicago,
and the other cities where subscription books have been
—
Auction Sales. The following were recently sold at aucby Messrs. B. V. Harnett <SS Co.
tion
Shares.
1 N. Y. Law Institute
135
5 Union Square Bank
184
150 U. 8. Volta Elec. Battery
1891.
$2,323,375
6,438.691
$7,550,348
$8,762,066
$93,516,678 $106,293,845
248,291,132 256,005,312
$81,610,819
277,999.161
SKaret.
2 Central Trust Co
$1,215 ea.
275 Amer. Cotton Seed Co. $25 lot
Bonds.
Co., $10 each
$25 lot $2,000 W'msbure Gas-L. Co.
25B'kof New Amsterdam.. 141
1st 6s. 1900...;
109
The following were recently sold by Messrs. Adrian H. Mul-
ler
&
Son
Shares.
Share*.
15 The Fiducial Agency Co.,
310 The Empire Safety Mfg.
$20
Co.,.1*25 each
$50
5 Bank of Harlem
100
16 Fhenix National Bank.. .129%
5
10
11
10
Thurber,
Wh viand Co. pf.lOSi^
50
IstNat.B'k Bradd'ok.Pa. 25
1st Nat.B'k.RocU'st'r.Pa.
5tliNat,Bk,Pitt.sl)'rg.Pa.ll5
10 litNat.B'k.Homest'(l,Pa, 25
140 American Pure Patent
Co. ofChL, m,,$100ea. $9
30 The Fibrone Mfg. Co. ....JlOO
150 Kings Co. Fire lus. Co. ..160
100 EmmnerDntimTelep. Co.
of State of Mo. .:i^l0 ea.$5 p.lh.
Bonds.
$7,000 Midland RR. of Ind.
I8t58.1917
9<H
$10,000 WestUn. Tel. Co. 7i,
8. t.
1900
112 •«
THE MERCANTILE NATIONAL BANK
OF TH8 CITV OF NKVV .YORK,
No. 191 Broadway.
$1,000,000 Surplaa&Proau, $950,000
WILLIAM P. ST. J0a:f, PrMldsnt. FRBD BRICK B. SCHB.yCK. Cashier.
Capital,
-
1
I
JAUBS
y.
LOTT, AMiltsnt Csshisr.
ACCOUNTS HOLICITKD.
also totals since tba beginning of the
in January,
.
20.632
118,661
401.583
315,176
531,209
Attention is called to the notice of the Denver Land &
Water Storage Company in our columns to-day. Prominent
New York <fe Boston bankers and institutions will receive sub-
.•i!50ca(;h
1.
SineeJtm.1,
Week.
$9,065,804
538.881
216
248.854
43,000
431,290
88,535
$209,349 $10,416,583
15,009 12.825,741
744,747 13,584,168
1,290.770
deposit to redeem national bank
notes 8ept. 1, 1891
$37,423,712
* Olrculation of aacloaal gold banks, not Inoluded above, $119,937,
May
1.
opened.
11110,870
1,401,640
Amount on
Depotila by-
43',9"86
Jmportt.
Since Jan.
i',6^34
Total 1891
Total 1890
Total 1889
;—
c «2.440,214.
ij * .510,ftS8.
« »^0S1.7.i8
In 1891: a$2.16l.7(H. 6*2.2-9,310
y«l,6 8,6i7. n $1,200,536, the total to August 31. 1891, beln<
ft2.374J<14.
»16.977.169.
In 1891: ($303,750. J $1,849,219, the total to AoKUSt 31, lS9a. bein;
t8,U8,90«.
2,915
$13,210 $74,830,266
164,702 18,532,234
2,050 46,259,904
$203,315
Sreat Britain
10,1-9 317,741
a.'i,.'i45
27,525
Week.
».rt52
87.858
636,387
Silver
9,924
8,0Sfl
3.39.114
$4,065
Expiirli.
"i~
10.8M
lOi.ilO
'38.6f'i
~»~
~i~
7oraI.
7.919
J
40
i(irTU.
2.178
13,681
89,7.18 J14,75>)|
74.i7i t".5'l5
Prem-
~»
(
1180.009
Jan....
Petitions. terttt.
Total 1891
Total 1890
Total 1889
$277,688
17,0< 1,5.57
2,599,402
9,205
1,571,310
1,087,590
32,102
195,022
439,942
3,025
All ether countries..
1891.
of specie
at the port of New York for the week ending Au<uit 29 and
since Jan. 1, 1891, and for the corresponding periods in WiO
THIRD NATIONAL BANK
OF THE CITf OF NEW YORK.
......
Capital,
$1,000,000
WOODWARD
PrssldsnC.
Cashlar J. FaaO'K 8 WliAir....Aiat. Cashier.
Aeootints lOlioUed and oarefal aueutlju to the lateratts of Depositor*
J. B.
HINBT CHAPm. JB
I
inaraoteed.
$90,379,577
227,092,616
totalis weeks. $317,472,193 $341,807,810 $362,299,157 $359,609,770
~In our report of the dry goods trade will be found the
'°Jjport3 of dry goods for one week later.
The following is a statement of the e.tports (exclusive of
•pecie) from the port of New York to forei,;n ports for the
week ending Sept. 1 and from January 1 to date :
Spencer
Nos. 16
ALBANY
Trask
BANKBKS.
and 18 Broad
N. f.
.'•treet,
SAHATUtiA, S. T:
&
Co.,
Nenr York CItr.
PROVlUB.VCB.
&.
U
TRA?rSACT A OB.NSa.AI. B.INKINQ BOSI.VBSS.
All olasiae of ^eovritla* Bouitht
STen to Inrettment
oston and Chtcaso
8ecarttt*)4.
and Sold on OommluKte. Special atteatloa
«irdto (^t^t 1 •! t.!i 414 10 c'.iit tii.pala
Oirtior.
—
..
THE CHRONICLE.
316
%hz Bnnktvs'
par, selling J,^ premium; St. Louis, 25o. per $1,000 discount
Chicago, 80c. per $1,000 discount.
da^jette.
—
&
Atlanta
Per
When
Cent.
Payable.
Railroad*.
Cliarlotte Air Line....
Boston & Albany
cue. & E Illinois,
pref. (quar.)..
8. L. pref. (quar.)
C. C. C. h
Co nectlcut River (quar
Keokuk &. Western
1>9
1>4
2
)
1
31s
West Jersey
WAl^I.
3
2
Bept.
Sept.
Oct.
Oct.
Oct.
Oct.
Sept.
Books Closed.
{Days inclusive.)
5 Sept. 1 to Sept. 7
13 Sept, 14 to Sept. 30
1
1 iSept. 17 to Oct.
to Oct.
to
Sept. 18 to Oct.
Aug. 19 to
STREET, KRIDAV, SEPT.
4,
1891-3
P.
1
M.
The Money Market and Financial Sltnation.— Activity
continues at the Stoclj, Produce and Cotton exchanges. There
has probably not been a period for years when the brokers
doing a straight commission business had more legitimate
orders on these three exchanges taken together, as it seldom
occurs that activity prevails in all quarters at the same time.
Not all of the great wheat crop of 1891 has yet been harvested, threshed out, transported to market, and the net results crystallized in the shape of net income to the railroads
already waiting in their treasuries to be paid out as dividends.
And yet one might suppose that this was the case from the
extreme bull talk heard at times in the markets. While the
situation is excellent tliere is danger of too much pushing,
and an attempt to realize in one week or one month all the
benefits that should reasonably accrue in one or two years.
The Union Pacific agreement is not yet finally completed,
and until it is settled there will remain a slight uncertainty in
regard to the company's position, though the strength of the
stock indicates that matters are progressing favorably.
The removal of the German prohibition against American
pork has stimulated the buoyant sentiment today, and this
week a return shipment of gold from Europe to this country
has been accepted as a notable sign of a turn in the tide and a
etting of the gold current in this direction.
The open market
rates for call loans during the
1 to
week on
5 p. cent, the
average being 3J^
To-day rates on call were S}^ to 4
p. c.
Prime commercial paper is quoted at 5%(3.Q)4 P- cThe Bank of England weekly statement on Thursday showed
a decrease in specie of £214,000, and the percentage of
reserve to liabihties was 45-29, against 45-77 last week; the
discount rate remains vmchanged at 2i^ per cent. The Bank
of France shows a decrease of 4,825,000 francs in gold and
p. c.
1,000,000 francs in silver.
Clearing House banks in their statement of
Aug. 29 showed a decrease in the reserve held of $1,319,100
and a surplus over the required reserve of $12,767,835, against
$14,109,800 the previous wees.
1891.
Differen'sfrom
Prev. week.
1890.
1889.
A.ug.3\.
A\tg. 30.
*
«
00
60,812, 700 60, 762,700
04,147, 800
59,987, lOO' 54, 630,100
Loans and dlsc'ts 397,347,,300 Inc. 1,891, 800 392,546, 400 406,
241,^1(10
Circulation
5,103,,SOOInc. 127, 300
3,652, 300
3, 923,500
Set deposits
403,403,,900 Inc. 491, 600 385,149, 500 419, 399,300
Specie
60,496,,800 Dec.2,g88, 100 69,595, 600i 69, 578,800
Legal tenders
53,121 ,900 Inc. 1,669, 000 26,155, ,100 40, ,061,800
Reserve held.... 113,618, 800 Dec.1,219, IOC 93,750,
,700 109 ,640,600
Legal reserve
100,850 ,675 Inc. 122, 875 96,287,,375104 ,849,825
Capital
Surplus
Aug.
Aug.
Periods
29.
31.
sept.
Sept.
ext'dat2%.reg. Q.-Mcll.
4igs,1891
reg. Q.-Mcli. noo^s •101
4is3, 1891. ...coup. Q.-Mch. •lOO'e •101
48,1907
reg. Q.-Jan •117% •xl6'(i
49,1907
coup. Q.-Jan •117% •117%
*109
reg. jr. & J. •109
69, our'cy,'95
6s, cur'ey,'96
reg. J. & J. •lllia •nils
•114
reg. J. & J. •114
69, our'ey,'97
•116
reg. J. i- J. •116
68, cur'cr,'98
•119
reg. J. & J. •119
68, eur'(!y,'99
4149,
* rills 13
Sept.
tbe price bid at tbe morulng board
*
Sept.
3
2.
991s" egi*
*
»9i«
•I'o'i'
•101
116%
•116%
*116!|4
*117!|»
•117% 118
•109
109
•116^3
*117i«
•110
i'109
•nils •inia'lllia •112
•114
•116
•119
;
•114
•116
•119
1*114
•lie
•1141a
•II6I2
'•119
•119
no sale was made
—
Coins. The following are the current quotations in gold for
various coins:
9-%3— 981»
Sovereigns
$4 85 •a)$4 88 Fine silver bars..
—93 a — 94
Napoleons
3 87 a 3 92 Fivefraucs
X X Reiciimarks. 4 74 -S 4 77 Mexican dollars.. — 70^ t — 78
Do uncomuierc'l — — a — 25 Pesetas
4 78 « 4 85
—73 a — 75
Span. Doubloons. 15 55 ®15 75 Peruvian sols
Mex. Doubloons. 15 50 al5 70 EugUsli .illver.... 4 80 a 4 90
Fine gold bars...
par 9M prem U.S. trade dollars — 75 a
GoTernment Purchases of Silver.— The following shows
the
amount
of silver purchased
by the Government in Septem-
ber.
Ounces
offered.
Previously reported
August 31
September 2
"
4
'Local purcliases
••Total In
•
Tbe
montb
\
,
® $
« *
$
679,000 $0-9825 ® $0-9840
878,000 $0-9820 ® *0-9825
-ai
$
nil
(
I
924,000
1,494,000
to date.. 2,418,000
local purchases of
Pricepaid.
Ounces
purchased.
1,557,000 $0-9820
each week are not reported
till
a $09840
Monday of
the following week.
State and Railroad Bonds.— The sales
week have included $55,000 Tenn. settlt.
$6,000 6s at 1043^
;
do $14,000 5s at 100
101
;
;
of State
3s at
bonds this
70@70i^; do
do $9,000
6s at 1041.^
:
consol. 4s, 853^ $7,000 Ala. Class " A," 100}i<S
$1,000 So. Car 68 Brown consol., di}4 $7,000 N. Car sp.
;
;
tax (Chatham) 5 $3,000 N. C. consol 4s, 981^:.
Railroad bonds have continued quite active on a well
distributed business, but there lias been rather less speculaMost bonds are
tion the past few days in income bonds.
steady at the advances made, and at the relative prices of the
and
the
lower
stocks
class bonds of the same companies
the bonds seem the better purchase to hold for prospective income, though stocks are more easily pushed upward
the
market.
in
Northern Pacific consol. 5s at 82i^
Atchison
seem better than the pref. stock at 713^
incomes at 62 are more promising for dividends than the stock
Reading 3d preferred incomes habitually sell below the
at 43
stock Richmond Terminal 5s sell about 58 and the preferred
stock 61, but the latter is secured by the deposit of $3,500,000
Richmond & Danville stock. Among the mortgage bonds
most of the 4 per cents have advanced to about 80, at which
price they yield 5 per cent without any regard to the date of
maturity or a prospective advance in price, and where such
bonds are well secured they ought to be a good purchase
better than a 5 per cent bond of the same companies at par^
There are several issues of 5 per cents selling at prices whick
yield more interest, but there is usually some shade of uncertainty about them, which in some cases pertains to the management of the companies and in others to the question of
permanent income.
;
;
New York
Aug. 29.
Interest
$3,000 La.
stock and bond collaterals have ranged from
The
;
United States Bonds. Governments are steady, and tha
time for extending the 4i^s at 3 per cent has been enlarged.
The closing prices at the New York Board have been as follows:
DIVIDENDS.
Same of Company.
[Vol. LUl.
<J0,772,
'
,
t
;
;
j
SurpiUB reserve.
1
I
12 ,767,825 Dec.1,341,975 Def.536,675i
4,79o',775
Foreign Excliangre.— The market for sterling has been irregtliis week, varying somewhat in
tone from day to day.
The first shipments of gold from Europe have
been reported, and $3,500,000 are now afloat for
this port.
The
aclual rates lor exdiange are: Bankers' sixty
days sterling
ular
4 82(54 82I4
demand, 4 85ca 4 8514-; cables, 4
85J.^@4 85%.
Posted rates of leading bankers are as follows:
;
Kcplember
4.
Prluje bankers' sterling billK.u
rrlniecomnierclui
Sixty Days.
Demand.
4 83
4 86
London"
Documentary comiuerciar.'.
4 81
»4
SII4
Paris baukers {fraucsi....
5 2436^5
23^
Amsterdam
(guilders)
hankers
mnkfoit or Bremen (relchmarksib'nkers
4 80i4<»4
m\
sgisieaag's
94ia3'94B8
5 217e«5 2H4
401,„940i8
95)4995%
The followmg were the rates of domestic
exchange on New
York at the undermentioned cities to-day:
Savannah, buying
)i discount,
cial,
par
;
Bailroad and Miscellaneous Stocks.— The animation in
stocks contintibS with very little abatement, and there ha
hardly yet been a turn in the market that could fairly
called a general reaction. Considering the large and rapu
advance that has recently taken place this is quite remarlj
able, and although there have been heavy sales of stocks
realize the handsome profits already made, the market hd
taken them easily without disturbing at all the tone of con
dence. This is all good, but at the same time it behooves pu
chasers to consider more carefully when they buy at tij
higher range of prices, and to take such stocks as liave tb
best chance of holding their value in the long future. Foo
stocks, representing four great systems of Western railroa
were more or less prominent in the early decline, and have bee
notably conspicuous in the recent advance
these are th
Atchison, Burlington & Quincy, Rock Island and St. Pan
These stocks continue active with prices strong, and they
show more fully than any other group the confidence of
public in the belief that the abundant crops of 1891 mustl
suit in large net earnings to the railroads.
j^
Union Pacific was exceptionally strong to-day, closing
42J^onthe expectation of a Morgan management. Ches.
Ohio also advanced sharply to 24 on London buying and tfie
talk of large earnings, though the Ohio & Miss, combination is
not confirmed. Among the unlisted. Sugar has been rather
inactive, closing at 87%
Lead steady, closing at 17=,^ Silver
bullion certificates are dull at 98}^.
Mfl.ng y, premium; New Orleans,
commerbank, 75c. per 51,000 premium Charleston,
buying
:
:
1
;
:
.
,
Sbpteubsr
1891,
5,
.. ..
THE CHRONICLE.
J
NEW YORK STOCK EXCIMNUE-Aar/rff
STO'JKS
tor
mek
317
endinj Sr^Pf.
and
I,
HIQHBST KSD L0WB8T PBIOBB
STOCKS
Active
RR.
A
Atchison Tup.
Atlantic
A
Stock*.
Fe.
Hiiiita
Pacltlo
Canadian I'ncllto
Canada Himthorn
Central or New Jersey
OBiitral Paolflo
Chesapeake O., vot. tr. ocrt.
Do
do
Ist pref. ..
&
Do
do
2d pref
ChlcaKoA Alton
CblcsKO Burlington Qiiincy.
OhlcaKo & Eastern Illinois
i!lc
Do
pref.
ChlOAKo Milwaukee ii St. Paul.
Do
Chioaeo
Jk
ChleauoRock Island *Pncillc.
Cblcavo
Monday,
Aug. 29.
Aug. 31.
391)8
iOH
a
8U>«
6>4
86>«
a4>s
55
40
61a
Tuesday,
Sept.
41 14
7
86% 86%
64 14 55
118>9ll8% 1181a 120
*32
22 22>4
54 >« 54^6
3Gia 37
93'4
70%
99 "4
95>e
71 14
OB'S
331a
331a
21% 2214
53% 55
36
130
3719
130
04% 96%
71
7214
99% 99%
69I4
71
St.
Paul Minn.
Do
& Om.
14
pref.
Clerc. Cincln.
CMc. &
St. L...
116iijll6»8
HI
81
28%
87
68>s
82ii
29>j
88>s
69>«
8214
Wednesday,
Septs.
1.
FMday,
Week,
Sept. 3.
Sept. 4.
Shares.
Minneapolis
6%
&
81a
Louis
St.
Do
pref.
Missouri Pacific
Mobile & Ohio
17
16^8
25
81a
17
17
8418
28% 29%
88% 891a
68% 70
71'8
251a
7258
42
42 14
8
18
17
•7%
•16%
16%
171s
8
18
2514 25%
72% 73%
40% 4214
89
881s S8I3
Nashv.Chattanooga&St. Louis "86
New York Central & Hudson. IO5I4 IO6I4 IO5I3 106 >4
14% 141a 1414 14%
New York Chic. A St. Louis
71
71
Do
711a 72
1st pref
.
Do
2d pref.
„
Hew York Lake Erie i West'n
Do
pref.
_
Few York & Xew England
New Y'ork New Uav. & Hart
New Y'ork Ontario & Western
New York Susquehan. 4 West,
pref,
_ Do
.
ITorfolk
Do
_
& Western
pref.
Korthcm Paolflo
Do
pref.
Ohio & Mississippi
Ohio Southern
Oregon R'y & Navigation Co
Oregon Sh. Lino* Utah North
Peoria Deca'ur & Evansville.
Read., vot. trust, cert
Pittsburg CiDu. Chic. A St. L
Phlla.
.St
Do
„.
Pitts.
&West
,
Do
Do
me Watertown
pref.
Paul & Duluth
pref.
„ Do
„
St. Paul Mlun. 4 Manitoba ..
Southern Pacific Co
Texas A: Pacific
Tokilo Xnn Arbor <Sc N. Mich
Toledo A Ohio Central
6%'
•
,
r
Wabash
Dc
Wheeling
„..
Do
A
pref.
inixrellaneous Siocka.
Amerlean Cotton Oil Co
Do
16
54
26%
-ze^s
71
711s
22%
27
23
18
75
27
21
331a
2118
3414
*17
"73
17'i
64
43
611s
411a
18%
8%
321a
18
33%
105%
1414
72%
33
8%
230
16% 17%
24% 25%
72% 74
40% 43
•32
33
225
18% 18%
8%
9
80%
42
20
2014
25
'26%
7%
16
7%
18
17% 17%
25
25
•17
•71
261a
•17
-72
18
75
27
2114 21%
34% 35%
17% 18
63% 64
43
14
7%
28%
20% 21%
34% 35%
43
17% 18
63
63%
41% 42%
14%
14
61% 62
15
36
18%
75
27
15
60% 62
42
75
41
74
18
*72
8%
33
220
18
8%
32
230
18%
8%
32
18
74
8018
17% 18
•70
75
26%
20% 21% "ii" "ii'
35% 36% 33% 35%
17% 17%
18
60
42
60
42
•14% 15
61
•10
41
•7%
17%
17% 17%
24% 25%
61%
41
62
41
14
60
40
62
42%
14%
'220
Atn. Sugar Ref.Co.,tciup. otfa.
jto«JI>'>
pref., temp. ctf».
Jhloago Gas Co., trust reo'ta.
Colorado Coal &
,Jonsolidated GnsCo...
Distilling & Cattle Feed'g Co.
Mllson General Electric
«atloual Cordage Co
'>o
pref.
, „
,
.
14%
73%
32%
26%
65%
39
230
16%
53%
27%
22
22%
72
125
7%
61
60
•40
125
125
714
7%
7%
7%
26%
21%
36%
16%
64%
42%
14%
62
41
125
7%
37
36
94
80%
•79
•78
40% 42%'
19% 19%
13
13%
27% 28%
30% 38%
77% 78%l
20% 20%
•35
•95
38
97%
107% 108
35% 35%
14% 14%l
17% 17%
'42
'79
42% 43%'
19% 20%'
13% 13%
27% 28%
35% 37%
75% 78I4
20
20%
41% 43%
19% 20%
13
13%
27% 28%
36% 38%
77
78%
20% 20%
25%
48%
85%
90%
49%
26% 24% 25% 24% 25
46% ^45% 48
45% 46
"
85% 88% 86% 97%
88%
-89% 91
91% 91
01
52% 19% 61
49% 50%
35
36
36% 34% 35
96
97% 97% 96% 98
96
47
46% 47
47
46% 46%
98
98% •97
98% 97
97
96
97% •.16% 97
96
97
39% 40%
'18% 20
13% 13%
27% 28
36% 37%
76% 78
19% 20
200
330
7,088
5,076
160,260
4,210
5,205
2,150
325
1,850
62,137
9,3011
7%
15
37%
96%
108
35%
14%
17
•42
•79
'
20% Jan. IS
30 63% Jan. 14
30
8% Jan. 14
20 66 Jan. 14
30 19% Jan. 14
Apr. 3
Feb. 5 129
99%
Jan.
1,736(
2,010;
32,5.50!
1
Sei)t.
Mar. 9 103% Jan. 14
Aug. 10 10% Aug. 29
20 Jan. 3 30 May 1
12% July 31 17% Sept. 2
53 July 31 65 Aug. 31
xl05%Jne30 117 Aug. 29
86 Jan. 3 99 July 6
65% Aug. 14 82% May 1
18 Mar. 9 29% Apr. 27
93 July 30 109 Apr. 6
17% July 29 24% Jan. 4
87% July 30 99 Aug. 29
70 May 21 93 Jan. 15
98% May 19 111 Jan. 14
3% Aug. 3 9 Ang. 24
7% July 30 18 Aug. 24
11% Mar. 14 17% Aug. 31
19% Mar. 6 26 May 1
6
60%
26
2
Jan.
Jan.
2
74
Sept.
1
44% June 3
110 May 29
98% July 28 107 Sept. 4
11% Aug. - 14% Sept. 4
57 Jan. 2 73% Sept. 4
23 Jan. 2 32% Aug. 31
17% July 31 26% Aug. 31
47% June 29 65% Sept 2
31 July 30 41% Jan. 15
29 {225 July 6
14 July 30
6% July 30
25 Aug. 4
13 Aug. 17
46% Aug. 6
20% July 30
58io July 31
550 15% Mar. 11
500 14 Jan. 2
65 Mar. 9
1,933
3,085
37,230
3,479
9
Jan.
July
July
July
July
11,735
3,710
4,315
1,560
2,453
16,530
52,117
71
24%
21%
34%
16%
60%
42%
13%
41%
14% 15%, •14% 15% •14% 15%
545
6,793
11,185
17,548
2,227
99,880
1,700
6.632
3,400
2,525
100
•17% 18
19
Jau.
5
271
19
Feb. 3
Aug. 31
11% Feb. 17
40% Feb. 18
17% Aug. 31
57% Jau. 14
30
74
23
18
82
30
22
Jan. 14
Jan. 30
Aug. 29
Feb. 7
Jan. 12
Apr. 28
Apr. 23
14% Jan. 7
25% Aug. 4 36% Sept. 2
12% Jan. 7 18% Apr. 27
48 Jan. 6 64% Apr. 27
28 Jan. 8 43% Aug. 25
10% July 27 19% Feb. 7
49% Aug. 11 76% Feb. 10
2,430,
862, 23
Jim.
3,842| 55% Jan.
May 1
2 44
Aug. 31
2 75
70 xl05%July31 114% Apr. 18
120 Jan. " 122% Jan. 3
1,322
6 June 11
8% Sept. 4
8%!
15 %i
1,800, 12
Aug. 4 16% May 29
925 24 Jan. 15 37% Sept. 4
37%
249 85 Jau. 5, 99% July 27
96%
108
1,480 100 Jan. 21111 Feb
6
35%' 3,680 23 Jan. 16 37% Aug. 25
14%i 13,269 ll%Julv27| 16% J-»n. 14
i;620, 13 "June 30! 20% Jan. 13
17 'i
45 Apr. 6 61 Jan. 13
lOOl 78
June s: 88 Feb. 16
42% 203,444 32% Aug. Ill 52% Apr. 28
20
2.769 14 Aug. 11 24% Jau. 14
13% 9,700 8% Mar. 10 13% Sept. 4
28%, 48,733 16% Jan. 2 28% Aug. 31
38
37.590 29% July 30 38% Sept. 1
•73% 73% 71% 72
73% 74%
107% 106% 107% 107 107% 107 107% 107% 107%
7%
40
505
5
300 42
520
979
100 111%
2,470 72
2,522 90
1,063
98
1314 July 30
2,210
31,115
16%
33%
26%
70%
•68
July 27
950 79% Aug. 17
32
i
1
40%
19%
13%
I
27%
36%
76% 78%
20
20%
I
48^ 48ia
85% 86
90 >4 90%
49
49%
35%, 36
97ia
47
'96
i
9914
97ia
4714
98
99%
35
•96
27
48%
87%1
91
I
51%
36%
98
46% 47%
98% 98%
96% 99%
25%
46%
"
"
86%
90%
49%
34%
I
18,785|
1,920
67% Jan.
15
2,
JiUy 30
79% Apr. 27
23% Jan. 14
25% 8,765, 15% Jan. 2 29
47% 1,268' 33% Jan. 2 53
39,630 57% Jan. 17 92%
86% 88
25
46
91
91
2,460
85
49% 50%
35% 36%
98% 98%
59,758| 34
47
97
96
6,040
2,645
16,835
2,542
13,733
17,023
4,229
98%
100
i
!
I
.
\
Apr. 22
Apr. 28
Apr. 10
Feb. 27- 96 June 9
Jan. 2, 55% June 18
27% July 30 39% -Mar. 16
2 99% Apr. 30
41% Feb. 16 49 Jan. 12
370 92%JiUy
47
100% 101
100% 100% 101% 100% 101
100 100% 101
'attoniil Lead Trust
1714 17%
17% 17% 17
17%l 17% 17%
17% 17% 17%
forth .\inerlcan Co
15% 16
13% 16% 14% 15% 15
15% 16% 15% 16
)re>fon Improvement Co
26
*27
27
•26% 28
29
27
27% 27% 26% 27
'aciflc.Mail
35% 36% 36% 37
35% 36% 33% 36% 35% 36
33%
.tpe Line Certificates 5
62% 62% 62% 64% 64
64%; 62
63% 59% 61% 57
I'mUnan Palace Car Co
187 187
188 188
188% 188% 1-9 189
186
187 190
'liver Bullion Ceriificates
98
98
98
93% 97% 98 4 98% 9314 98% 98% 98%
32i8 34ia
t'ennessee Coal & Iron
32% 33% 32
33% 32% 33% 32% 33% 33%
o
•85
•85
sn% 86% •83
87
pref. '8b
90
90
90
90
'ettem Union Telegraph
83% 83% 83% 84% 83% 84% 83% 84% 83% 83% 83%
These are the prices bid and asked; no sale made k Prices from botb Bxoliaages. x Ex div.
.
42
91
107
8%
32%
74
15
800
90
22 July 31 29% May 6
121% AU8-. 11 139% Feb. 7
130% July 27 143% Sept. 4
I
i
pref.
.
73%
18% 18%
8%
213
3,550
11,849
66,238
1,060
8
16
71% 72% 72
42
42% 41
90%
90% 91
m^ 90
105% 105% 104% 105% 105%
•14% 14% 14% 14%
14%
•71
•70
72
73%
75
31% 31% 31% 32% 32%
25% 25%
25% 26% 2,>
65
64% 64%
65% 64
38% 38% 37% 38% 37%
225
18%
7%
18
17% 17% •17% 17% •16% 17%
•54
53% 53% 54% 55
54%
26% 27% 26% 27% 26% 27
26
26%
7118 72
70% 72 14 7ii% 72% 70% 71
'23
•21
24
22% 23% 23% 21
23
171a
125
8
14
35
97
108
17%
31% 32
25% 26%
62% 64%
38% a9i4
19
9
55
125
•7
14%
•70
'225
17
1061a 109
14
35
105
7%
•16
24% 25%
72% 74
40% 41
•86
88%
230
541a
41
73
106
191a 19%
12% 131a
27% 28%
351a 35%
75% 75%
Gulf,
pref
Lake Erie... ..
» Iscousin Central Co
32I4
5313
*78
401a
pref.
Jk
81s
8%
1"
38
36
36
98I3
•95
94
96
97%
106 la
107 107
107% 107%; 108% 108%
35% 35% 35% 35% 35% 36
35% 35%!
13% 14ie 14% 15
14% 15%l
14% 13
"17% 18
17% 1814 17% 13
17% 17%,
•42
50
50
50
"
Lnlon Pacific
Union Pacific Denver
31
16
181a
72% 73
,:;.
,,
SH
61
•40
Louis Alton ,& T. H., pref.
Louis Southwestern
Do
Ifeifl
13% 14
(tOgdensb
32
32%
25% 26%
61% 64%
38I4 38%
230
17I3
pref.
Do
32
26I9
60
61
38 '8 39%
42
pref.
Grande Western
2518
*63
pref.
pref. tr. certs.
Biolmiond&WestP'tTermlnal
R'f>
Sl'^s
Highest.
41%
.
Do
pref.
Mo.K.&Tex.,ei2am. bends.
*
85% 80%,
54% 55
.fc
.
Lowest.
IML
39% 41% 40% 42% 338,007 24% Mar 10< 42% Sept. 4
40% 42
6% 6% 2,600 4% Aug. 61 7 Aug. 31
6% 6% •5% 6%
•87
H6% 86% 86% 87
1,225 72% Jan. 6 87 Sept. 3
r>4% 54%
52
54% 14,390 47% July sol 56 Ang. 29
54% 54
118% 119
118 118% 117% 118% 117% 120%
8,485 105% Juno 20 122% Apr. 28
33
33
32% 33% 32 33 32 33
310 29 Feb. 24 83% Aug. 31
21
21% 21% 21% 21% 22% 22% 24
29,202 14% July 30 24 Sept. 4
53% 51% 53% 63% 53% 65% 55% 56% 7,846| 42 July 29 56% Sept. 4
34% 36
37% 38% 5,170| 22 July 31 38% Sept. 4
36
36% 38
36
132 140
133
130
15123 May 12 130 Jan. 5
9514 97
94% 96% 95
07% 195,748 75% Mar. 7 97% Sept. 4
95% 97
71% 7214 (i!t% 72
70
70
69% 60% 4,830 41% Jan. 8 72% Aug. 31
09% 99:'m i'9% 99% 99% 99% 99% 99% 2,0,-,6 83 Jan. 2 100 Aug. 25
70
71',
70% 71% 69% 70% 69% 71% 282,230 50% Jan. 2 71% Sept. 1
117% 119
5,728 105% Jan. 3 119 Sept. 1
118% 118% 117% 117% 117% 118%
111% 112% lll%112% 110% 111% 111 112% 25,793 102% Mar. 9 112% Aug. 31
138 138 •137 138
137% 137%
339 130 Mar. 18 138% Jan. 13
82% 84% 83% 84% 82% 83% 82% 81% 120,121 63% Mar. 6 84% Sept. 1
29% 31% 31% 32% 81
31% 32% 33
11,685 21 July 30 .33 8<'pt. 4
89% 90
88% 88% 90% 90% 2,010 77% Jan. 29 90% Sept. 4
90
90
68% 70% 69% 70% 63% 69% 69
70% 90,377 56% July 30 70% Sept. 2
4OI4
•95
'95
95
95
98
....
96
98
97
96
pref.
28% 27% 28
27% 27% 27%
28
27% 28% 27
28% 28
Columbus Ilocklng Val. & Tol.
133%
134
13514
134%
135%
136%
185% 139
131^133
133% 136%
Delaware
Hudson
14OI4 1424 140% 14214 U0% 142% 140 141% 140% 143%
Delaware Lackawanna AWost I39T9 141
16%
•lOis
17
17
•16%
18
17% 17%
37
18
18
18
Denver & Rio Grande
47i« 4sia
47 14 47 14 47% 47%
47% 47% 47
48
48
48%
Do
pref.
•6i«
•64
7
6% 6%
6% 6%
7
7
6% 6%
6\
East Tennessee Va. it Ga....
50 55
'50
52
'50
51
52
55
SOis 501a
51
55
Do
1st pref
15
14% 14% 14
14% 14% 14% 15
14
15
141s I412
Do
2a pref.
121 125 •121 125 123 123
121 125
121
125
Evansvllle * Terre Haute... 120 125
98% 98% 99% 99%
96% 96«, 9714 971s 97% 99% •99 100
great Northern, pref.
101 lOlia 101 101
101
101 101
101
100 100
101 101
UnoLs Central
10
•9% 10%
10
•9% 10%
lOig
9% 10
9% 9%
10
Iowa Central
27
*i;6ia
2818
28%
28if
28
28
28%
28
28
281a
Do
271a
pref
16% 16%
16
16% 17% 15% 16
16% 16% 17% 16% 17
Lake Erie & Western
63%
6414
62
63%
65
62%
63
64ie
63
64%
64h
631a
Do
pref.
116 116% 116 116% 115% 116% 115% 117
116 117
Lake Shore & Mich. Southern. 115=8 117
*96
97% 97% 97% 97% 97% 97% 97% 98%
98
98
Long Island
971s
7714 781a
76% 78% 77% 78% 77
76
78% 77% 79
7779
Louisville & Nashville
25 14 28
2713 28 14
26
26% 28
27%
26% 27% 26% 27
Louis V. Xe w Alb. & Chicago.
106
104 105% 104 104% 105 106%
1031a 1041a 104
Manhattan Elevated, consol.. 104 104
22 14 23
•21% 22% 22% 23
2278 231s
23
22
22
Mexican Central
231a
98 991a 98% 98% 98 98% •96 98
97% 98
98
99
Michigan Central
•75
•75
•75
75 85
"75
95
90
85
75
75
90
Milwaukee Lake Sh. & West..
107 107 •106% 109
106% 106% '105 109
110 •10613 109
Do
pref. 107
Do
1901.
Range of sales In
Bale*
of the
Thursday,
I,
I
117 118
lll%li2is
112
NorUiwestem
I37I4 I3714
prof. •I3714 1371a
pref.
Do
BatnrdaT,
JAS.
tlnee
97
101
88
Feb. 5
3 111
11 104 May 27
18 110% May 7
July 28 21% Jan. 17
Jan. 2 19% Feb. 13
Jan. 7, 32% May 1
Jan.
73% Mar.
98% Aug.
14%
11%
15%
6,170 31% Jan. 26 41% Feb.
60% 653,000 51% Aug. 7 81 Feb.
433 175 July 31 196% Jan.
186
98% 580,000 96% .\pr. 22 107% Jan.
33% 10,515 24% July 30 39% Jan.
17%
15%
720
26
36
)
90
100
80
84% 20.490 76
Ex rights.
Jan.
Jan.
6
2!
26
10
14
14
16
88 June 16
84% Aug. 31.
—
h
NEHT YORK STOCK
Brooklyn ElevatedT
BnflUo Bochester A Pitts
100
100i
100
100
Preferred
<fe
170
Nor
J
80%
131s
152
100 {
100} 14
100 22
100
100
6
Paul. .. .100 i 10
6eor>;ia Pacific^
Green Bav Win. & St.
Houston * Texas Central
lOOi
nilnois Central leased lines
100
Kanawha & MichiKan
lOOl
100^
Keokuk &
Des Moines
Jan.
Jan.
4m Aug.
Aug.
Apr.
32
June
Mar.
9
Aug.
June 152
144
4^4
*
5
12
Apr.
Yi'is
23>«
16i«
June
78
90
Mar.
July
July
Jan.
July
14
Mar.
1
Feb.
Jan.
7
lOVi
6
5
6
2
90
13
6H
&
&
Ask.
H
165
Bighett,
100
100
100
Uaj
Aug. 185
5 Feb.
261s Jan.
55
Feb.
313 Jan,
1001
South Carolina
Toledo Peoria &. WesternU
Toledo St. Louis & K. CityH
Virginia Midland
in 1891.
{sates)
Lowest.
50
100
10<U
St. Jo8"ph
Grand I^and
St. Louis Alton
T.
St. L.
San Fran. Istpref
81>s
6>»
7H 4% Feb.
12 Feb.
14% 25
here & Atlan.lT
PreferredH
Flint & Pere Marquette
Prsf erred
S.
4
Ranie
Sept. 4.
Bid.
Indicates unlisted.
Aug.
9
36
Apr.
701a July
9i« Feb.
15^8 JUHA
14
Mar.
142
Jan.
150
113
Jan.
123
100
niscellaneons Slocks.
3%
7
100.
Preferred
40
25
Cedar Falls* Miunesota
Cliic. & AtL.Benef. trust rects.li..
50
Cleveland & Pittsburg
100
Columbia & Greenville pf
100^
Des Moines & Fort Dodge
1[
June 140 May
June 103i» Feb.
30 Apr.
Apr.
74
20
Inlicjtes act unl sales.
INACTITB Stocks.
Sighetl.
Aug. 167>«May
162
94
92
..100
150 135
..100 135
99
..100 100
30
100. 221* 26
100!t 393) 40>s 29
Charlotte Air LIT
Belleville & South. 111. pref
Boston&N. Y. Air Line preJ
(t
Pittsburg 4 Western
Kensselaer & Saratoga
Rxllrono Stocks.
35
- ..100
Alabama A VicJiburitll
..100 160
Albany & Susquehanna
&
Calet) in 1891.
Lowetl.
Ask.
Bid.
H Indicates unlisted.
Burl. Cedar Rapids
California Paciflcir
Range
Sept. i.
UU,
[Vol.
{C<tattna»l)~LyACTIVE STOQRS.
EKCUVSHE PRCCES
iKACnVE STOCKg.
Duluth
2
:
.
THE CHRONICLE.
818
Atlanta
.>
Jan.
Aug.
Mar.
7
15
7
15
j
'
Sept.
Feb.
2Sis Apr.
86>« Apr.
8% Jan.
IOI4 Sept.
4'2 Aug.
Sept.
7i4 \2H
100
7
Preferred
25
LonisT. EvHus. & 8t. Lo., cons. 100
100
55
Preferred
lOO! 12
16
5
Louisv. St. Louis & Texas
50*
70
Mahoning Coal
112
50
101
Preferred
25
33
Memphis <s Charleston
100
5
Mexican National
50 144
137>»
Morris & Essex
lon
Western
Lack.
&
104
N. Y.
100 18i«
16
N. Y. <fe Northern pref
100
5
Peoria & Eastern
HMl 10
154 149
Pitts. Ft. Wayne & Chicago. ... 10" 150
* No price Friday
latest price tills week.
AdamsExpress
Americi n Bank Note
May
96
16
6
!
Feb.
Aug.
13>s Apr.
I
Aug.
301s Jan.
63 Jan.
Jan.
Mar.
18 Jan.
85 Jan.
July
Apr. 1091s Apr.
May 40 Jan.
Sis
Jan.
July ]48i« Mar.
Jan. 110 Mar.
Mar. 22 Apr.
June
I
:
91s Sept.
I5214 Mar.
Jan.
i
lOOi
Feb,
Coll
j
American Express
lOOi
Am. Telegraph & Cable
100,'
New Central Coal
1001
Ontario Silver Mining
Pennsylvania Coal
Phila. Natural Gas
Postal Telegraph — CableU
Quicksilver Mining
Preferred
Texas Pacific Land Trust
100
50
50
97
Aug. 101 Is
9
June 21
1 478 July
26
69 June 80
81 July
86
14 July
193s
23 1«
12
40
16
15
68
22
Mar.
July
May
Jan.
Feb.
Mai.
July
Mar.
Mar.
16
Jan.
211s Sept.
81 Jan.
4239 Jan.
12 Jan.
May
Aug.
912 July
Aug.
38
Ma».
Jan.
1081s Mar.
28 July
201s Jan.
60 Jan,
1031s Jan.
44
Jan.
May 290
260
23
34
4
36
14
100
100
100
100
100
U.S. Express
Wells, Fargo Express
Feb.
821s Apr.
781s June
American Tobacco Co., pref ..100
100
Brunswick Company
Buckeye Pipe Line
Chic Juno. Ey. & Stock Yards. 100
100
Preferred
100
Columbus & Hocking Coal
100
Commercial Cable
100
ConsoL Coal of Maryland
100
Laclede Gas
100
Do
pref
Lehigh AWilkes. CoalTI
Maryland Coal
100
lOOi
Minnesota Iron
National Linseed Oil Co
lOOl
Fell.
24
Jan
38
May
MW
Fi
b,
eTg
July
June
ji ft,
40
Fill.
19^8 Apr.
Mar.
501s June 70 Jan.
Jan. 145 Feb.
137
;
NEW YORK STOCK EXCHAMeE PRICES.—STUrB BONDS SEPTEMBER
SECURITIES.
New York
19,
1891,
is
City
to
5
lOQis 101
1051s 107
94
90
99
100
8
15
150
190
10
3
85I4
Chatham
week ending Aug
eiphen (00) in all cases.
Bahsb.
Banks.
Oopttlt
(OOf omittea.)
New
[Of
s
York..
Mantisttan Co
Kerchants*
Kccbuiloa'
America.
Phenix
City
Tradesmen's
Chemical
Hercltants* Exchange
€hUlatiu National..
Bntcliers' A Drovers*.
Uecbanics' A Trailers
.
OreeDwich
Leatnei Manufact'rs
Seventh National
State of New York
American Exchange..
Commerce
Broadway
Mercantile
Pacific
BepabUo
OhathMm
Peoples*
Iforth America.
Hanover
Imng
Oltlxers'
Nassau
Market* Fnlton
Bt
NicliolaH
Shoe
Leather
d:
Com Kxchauge
CoutineutaL
Oriental
Importers'
* Traders'
2,000,0
2.060.0
3,000,0
2,000.0
3,000.0
1,000,0
1,000,0
760,0
S00,0
600,0
1,000,0
300.0
400,0
200,U
800,0
300,0
1,200,0
6,000,0
6,000,0
1,000,0
1,000,0
422,7
1,600,0
460,0
200,0
700,0
1,000,0
600.0
600.0
600,0
760,0
600,0
600,0
1,000,0
1,000,0
300,0
•
1.82,S,0
1,531.3
P00.7
i.edo,:
2,l*iS,0
442.9
2.607,.S
los.e
6,603.7
141,2
Avenue
German Kxchange
Pifth
Oemianla.....
United
ISIate*
Ijincoln
earfleld
Pifth Nmlnnal
of the Metrop.
side
Beatioanl
Bank
West
Sixth Nallenal
western NaUonal....
Vint Natlonal,B'Uyn
Tnr»l
....
750.0
600,C
100.0
200,0
300,0
600,0
800,0
300,0
16O.0
800,0
200,0
600,0
20(1,0
S,600,a
800,0
860,0
1,466,0
664,9
1,258.0
2,760,8
432,0
1,884,5
l'.!7.6
1,705,8
l.lTB.-i
'-,8'-'4,5
22.'.,1
3.4«»,2
6, '.88.4
6li,3
1,281.5
17;j,6
47«,6
3,:J39.2
18,1 H>,0
17.05.1,8
1,3,1,0
1,5-*1,4
5.171.8
1,094.4
967,5
42«,0
B68,8
814,5
8.2t-8.2
•i.524.2
10,3!) i),3
7(-6,7
2
068.fi
3.271,5
31-2,9
6,895.2
573.6
i.4)0,ft
8,78(1,8
l,6-'.S,a
12,692,1
284,5
415,1
246,1
763,8
3,2090
123,1
244,2
1,207,8
202.-i
416,2
1(7,0
200,1,
«
2,01tip.O
260,0
8,200,0
Central National
2,000,0
Second Nuiional
300,0
Kinth National
760.0
Plrst National
600,0
Third National
1,000,0
Y.
N
at'l Kxobange
K.
300.0
York County,
dern; an.American
OhBse N".tlunal...
•
14U.5
574,0
i,e^2,i
Hew
•
4:<2.8
5.11i(l,l'
•.J60,0
Otpoaitj.
294.7
i.600.r-
Sowery
Letalt.
6,083,3
311,0
773.0
819,1
120,0
128,6
1,6,39.4
•i,000,li
Park
Kast River
Pourth National
11.510.0
9,805.0
B.72G,0
8,229,0
14,048.1
4,576.0
10,435.4
1.BC5.3
22.102.3
Svteit.
1,613,1
6i5,8
863,0
263,3
8,834,0
28,2
151,9
499.7
67;<.0
200. b
1,013,.1
846.0
6l'l>.B
474.2
632,1
85.'>,9
8e».4
497.7
616.3
247.B
176,0
S^8,l
<B6
1
78b.6
80.T72.7 B4.147 H
3,760.3
2,716.7
3,914.5
1,798,6
2.g«o,0
8,132.7
4.231.9
2.099,1
21.8:8,0
21,194,1
1.147,2
18.827,0
7,312,0
4,643,0
2,482.8
2S,S16,7
S.206.1-
1,652.8
3.380.(1
3,0:7,3
2.808,6
10,938.0
4,505,1
26H.2
977,U
240,7
858,6
912.9
13B.8
2.
7.8
1,920.0
673,0
1,162,8
852,0
1,3-<\1
783,0
4,237.0
259.8
2,6,18,3
895.9
347,4
214,0
315.(1
100 (I
2t4.0
205.6
399.5
2.817.0
2.469.6
578,a
l,3H3,a
617,5
1,971,5
674,
389,7
952,6
4,287,2
6"4.0
394.1
223,9
445,6
228,7
90 J, 8
.399,0
642,0
20i,0
18i,2
247,8
2,488,0
1,218,6
1,048,1
181,6
8,702,0
4,40«,7
78,8
8,489,3
1,087,0
1.0t4,U
581,5
2,415,2
3e6,9
7»,3
635.U
680.0
678,5
1,618.8
983.2
2,78.1,6
26,'S,6
2,675,4
4.059,4
8,99^,8
8,390,5
1,880,0
4,094,7
2,038,7
8,874,0
1,5X8.0
10 185.4
8.782,0
8(0,0
691,3
784,8
422,4
880,2
7a6,8
396,8
471,0
1B3.(
867,8
818,u
4
97
7
99
settlement, 68
1913
5s
1913
38
1913
Virginia 68, old
68, consolidated bonds
68, consolidated, 2d series, recta.
6b. deferred, t'st rec'ts, stamped
—
1211s 126
101
23i
34
City,
10,'*2n.O
9,(187.0
8.6i'8,3
••
'•
*'
124,920,5
16.... 124,920,6
32.... 124,920,5
29
124,920,5
...
6.99H.0
14.202.4
4.32H,0
13,616.1
Boston!''
Aug. 15...
„1. 705.4
Phila.*
23.091,0
4.0,0.9
4,215,1
1,714.2
AUft. 16....
••
22....
2,(i50,u
l.trOx.P
"
•'
22....
29....
Loam.
•-i9....
2,114
City Itailroad Securities— Brokers' Quotations,
l.:<84,l
2,''2(i.4
13.469,,
12.123.7
4,7:<li,il
«,82-,8
2,897,1
11,418.4
6.9S2.I.
2 992,5
4.4.S6
1
Atlantic Av.,B'klyn.St'k.|
Gen.
il.,5s,
19o9...A&Ojl02
Sl'okerSt. J!. I'm. K. -Wtk.l 25
let mort., 78., 1900..J&J 110
Sr'dway fe 7thAv. -St'k..il95
1st mort., 8s, 1904.J,feD:i02
3d mort., 58, 1914...J&j'l00
8'way let, 58, gu
'241IOO
2nil 58, int. as rent., *03.l 90
3,SI8H,4
Jentral
216.7
438.4
876.8
590,8
427,(1
872,3
19.1,3
48H.1
177,8
650,11
920
77,033,8
81.317,7
76,707,7
94,139,0
B4,37a.O
94.414,0
2.6U9.V
78,0
81.0
1,621.3
751.4
,018,1
I
85,793,7
35,793,7
35,793,7
2.70:i.7
14 0.0
S46,7 3,681,6
975.6 3,M0!.
691,9 3,6.^4.6
,5«2.4
27.297,
306,02,292,0 60,32e,t
27,100,,0
934.0,2,441,0 69:919,9
27,285,
061,0 2,492,0 66,668,<
' We onM two ciphers In all tlieu tliurci. t laolall ik, for Bjs.oa aad Phil*-"
aelpuiti. the item " due to other b inlcs."
"
640.1
133,6
834,4
241..
•
*
$
",101,8 4,0')S,e 516,947.9
146.8 405,1
590,H 404.:
i.21l.O 4,299.0 547,306,1
,8S2.n 405.:
1.760.3 4.753.8531, 431,9
45 t.9 102.S
!.fll2,4 4.978.2|604,588,6
,121,9 l03,403;9 5,103;6i549;4li;9
i
37:1.3
3,877,2
OeiKUitt.^ Ci^f.'l'n Oluurimt.
$
66,842,9 1 60.051, 7 8.067.1
65,842,9 150.628,51 8,167,0
65,842,9 150,980,61 8,126,3
Srooklyn Oity— Stock
!60
lilt mort., 58, 1902,..I&j'l00
B'klvnirosBt'n 5«., I908 108
Bkn.U'y.SN'ii5.f,1938 JJiJ 103
963,0
353.0
2S4,5
IjrvU.
Specie.
391,129.x 65,882,H
394.0>-0.2 85.375.3
3a5,465.^i63,3S5,0
397,317,3 80,498,9
305,9
189.4
2,C23.1
161,9
2,237,2
61*
Boston and Philadelphia Banks
Oapital X
Survlru.
W. VorU.'
$
Aug. 1 .. 124.920,6 889,660,8 66,611,0
8
94 100
62
72
104 Is
99 100
70
70%
1912
New
7
New York
for the
Comiromise, 3 4-5 6s
4
Ask.
Bid.
8.0. (cont.)— Brown con801.6R.1893
Tennessee- 68, old
1892-1898
10
20
RR
Special tax. Class 1
Consolidated 4s
1910
6s
1919
Rhode Island—6s, eou.. 1893-1894
South Carolina— fis.non-fund.l 888
101
SECURITIES,
Ask.
18&3i 101
JdiJ
30
North Carolina— 6s, old
Funding act
1900
New bonds, J. & J. ...1892-1898
86
We omit ttoo
Bid.
New York— Bs, loan.^
105
Baak Statement
as follows.
SECURITIES.
Ask,
Bid.
1906
1906
Class B, 5s
1906
Class C, 48
1920
Currency funding 48
Axkansas—6s,fund.Hol. 1 899-1900
do. Non-Holford
78, Arkansas Central RR
1914
Louisiana— 7s, cons
Stamped 46
1894-1895
Missouri-Fund
AUbamar-ClasB A, 4
4.
14.511
1
3..34fi.(i
1.7«4 6
3.216.0
7,3M4.i.
4,820.0
1.933.1
22.015.0
23.659,7
9.i4,4
17,764
8.012.0
6.318.0
3.012,4
22.401,3
3,072,5
1,441,7
2,444,0
3,292,5
2,816,5
12.4 It, :i
4 778.0
S.OfO.a
2,928.3
4.54-.' 4
4.4 5a. 6
3,641,2
1,971 ;l
4,577,7
2,l48.ti
4,092,0
Crosstown— tai,'ii..;i45
Istmort., 68,l»22.M<fcN 115
Oent. Pk.N.A B. Riv
.stk. 110
Consols. 78, 1902 ...JAD 112
1
Jry Dk.B.B.& Bat'y— sik.|125
IstwoT^u. 7«. lB»3..J*n 100
BANKS.
Bid.
8atoli8'&lif. l»l
las
Central
Chase
Chatham
Chemical
City
Oltliena'
183
Colombia.... 250
Commerce... ,87
0)nt.iuental
i:-«
263
192
112
Corn KxcU... 2(0 250
Deposit
112
a^ast Kiver.. 156
Ilth Ward... 200
sntthAve... 2000
1, i3,i,li
1,341,8
*,6iP6,ll
303.0
3,872,0
60,4^6.9 88.131.9 403
imc
I
Gr'nd
P'ry-8tk. 240
245
lOS
40
113
2a .M„iucoiue,8s....JAJ| 49
Hoa8t.W.St.<ftl».F'y— .stk. 200
1st mort., 78, 1894.. J&J.IOO
107
St.
A&O
MAS
Nidih Ave
Be nd Ave.—Stock
•'
5s,
,
lOOg.MAN 100
'Sixth Ave.— Stock
iThlrd Ave.— Stock.
Ist M., 53, 1937
J*J
iTwentythird St.— Stock..
115
116
130
103
I
I
Istmort.
prices of
Bid.
<»allatln
303
Qartold
4oO
German Am.
German Ex. 800
Germ aula
300
78.
1H93.
160
290
108
235
'102
.
125
N.Y. Coanty. 600
N.Y.Nat.Ex.;i3a
Ninth
Il06
l>'th
335
Oriental
j210
566
Park
IrvluK.
1>'6
192
Leather MIh' 240
Lincoln
370
190
3^0
298
260
Phenix
Manhattan... 175
Market* Fnl 220
Mechanics'.. 190
M'chs'&Trs*.
180
2^6
200
2.0
225
152
122
Republic ....
Seaboard
Sucond. ......
Seventh
ShoeALeath.
Merchants'..
Merch'tsKi. 120
.Metropolitan
7
Metropolis... 370
112
Mt. Morris
Fonrth
1-0
Murray
N»Baan
600
165
1C4
140
113
...
.
1'27
113
175
172
AM
125
145
Nicholas. 128
State of N.Y. 109
330
186
117
186
....
...
166
St.
116,
106
Tradesmen's, 90
U uit'd States 200
..
Hill.
240
Ward. .1140
143
Hanover
346
Hnd. Kiver.. 140
Im. dt Trad'a' 620
Mercantile... 218
96
100
103
170
300
111
bank stocks this week.
Ask.
BANKS. Bid. Aik
815
New York... 9.« 246
Greenwich..
'
61
I
llf"
Plr«t
201
First N,, 8. 1. 103
14th Street.. 170
'fi9
&
ICl
io9"
lat niort., 7«, 1893.
103
St. .Manli.A StN.Ave.
37
iBt mort., 6s, 1910..
110
42d
BANkS.
Ask.
208"
154
316
280
183
;s6
400
100
480C 4900
450 .,00
42d
Istmort.,
Bank Stock List--Latest
Imerlca
203
^m. Bxoh... 149
Bowery
304
Broadway... 280
Dry Dock E. B'y & B.—
8cnp8s
FAa! 99
Blxhth Av.— Stock.
210
BigUlhAv.— Soriii,68,1914 105
116
105
27
114
200
104
104
104
94
162
102
110
106
Western
.
W,.Rt Side.
96 Hi
200
97
J
F
SarTBHBEB
319
BOSTON. PHILADELPHIA ANU BALTIMORE STOCK EXCHANttES.
Bales
pf Share Prteea — not Per nentnm Prieea.
Active Stoekt.
t Indicates unlisted.
Monday,
Tuesday,
Wednesday,
Thursday,
Aug. 29.
Auk. 31.
Sept. 1.
Sept. 2.
Stpt. 3.
40% 41%
10% 41%
6% 6%
40
A 8. Fe (Boston). iOO
AtUntlo A Pao.
100
Baltimore A Ohio (Kalt.J.lW
•91
92^
100
"
2d preferred
100
Boston A Alliauy Botton) 100 202>a2i2>s
177
Boston A Lowell
100
175
Boston A Maine
100
*I8>«
!•)
Central of Muss.
100
Preferred
37
37
100
OhIc.Biir.AQuln.
94'8
100 93
Ohio. Mil. A St. P. fPAi7.;.10O
OS's 69
C«ilo. A W. MIeh. rBo*to»;. 100 •41>«
'•
7
Cleve. A Canton
7
100
"
Preferred
100
211a 21^
"
Fltchbnrtt pref.
71
100 73
n. A Pero Marq.
"
100
"
Preferred
100 •77
Hunt. A Br. Top. (Phita ) 50 23% 23%
"
46<9
Preferred
50 *4<5
"
LehlRh Valley
50
50
50
Maine Central ^Bo»fo»;. 100 120 122
"
Mexican Central
100 22% 21%
"
». Y. A N. Eng.
39
39^
100
"
Preferred
100 102 102'*
Horthcrn Central (Bait.). 50 '70
71
Northern Paclfle rPAi7a.;.100 26=8 2f)Ts
"
Preferred
71'«
100 71
OldColonv
(Bottont.lOO 164 14 I6II4
Pennaylvanla.. (Philtt.J. 50
53 s^ 54 '4
Philadel. A Erie.
"
50 29 •« 30
Phlla.A UeadiUK
"
1678
50
Summit Branch (Boston). 50
7
'•
Uuiou Paclflc
100 401* 41'8
United Cos.ofN.J.rPAi7a.;l(K) 221 224
WesteruN. Y, APafPA i7a.; 100
8%
lOie
41%
61b
6a8
.
'
6>s
125
9i
131
125
202
202
202% 203
202
m"
•19
177
174
177
174
37
95
20
37
96 •»
69%
7II4
4514
43 V(
7
22
74
23
.
6%
•90
92
131
92
"
t
of the
Saturday,
Atch. T.
1st preferred
173
•19 14
38
95%
70%
202
177
174
202
176
171
19%
•19
39
40
*3S% 39%
21
21
78
21
46%
47'*
24
53% "54"
29 >«
17%
7i«
42^8
221
53% 51
24
17U„
8%
50
126
22
102
97
221
7%
22
73
24%
47%
50%
21% 23
37% 30
100% 100%
•70
26
711%
71
26%
71
71
27
72
165% 163%
53% 53%
29% 29%
53% 54
29%
29
17
16i.'i« 17>,
9
8'8
40% 41%
223
18 „
9
224
8%
9
S's
40% 42%
39% 10%
221
8%
4938
N.Eug. Telephone f«'«<'i»>100
49
North American. (PhU.).\Oi)
lo'fs
Th«mson-n'aEl.irfBo»(')i> 25
43 'a
Preferred
"
2-1
21%
II
West £nd Land..
"
IS's
* Bid and asked nriees; no sale
Prices of Hept.
49% 49 !«
19%
49
laifi
"le"
15 's
451a
2478
19>8
21''8
19
7%
{Halt. )
{Phila.) .
NesquehoningVal
H
92
235
30
57
160
323
1,327
Centennial Mining...
Fort Wayne KlectrlcU
Franklin MlnhiK
Frenehm'u'sBayL'nd
Huron .MinhiK
.
.
(Boston)
.
25
25
23
50
10
10
25
25
5
25
too
25
100
100
Thoiu-'Mt-lloe.U'
Uolis^eii,
"
"
I',
V
'•
25
19% 19% "19% 20
23
100
50
^.
2%
Collat. Tr.
A
L.
17%
i
39% 40
25 109%
25 170
100
ALU accrued in tertsat.
I
'
1897,JAD 103% ....,
General inorl. l%s, g.l921,Q—
OO'a
L«high Valley. 1st (.8...1898, JAD 110% 113
1910, MAS xl30 ....
-^d 78
1923.
Consoi.
190
.
I
North I'eun.
Gen. M. 78
JAU
121%!
1st, 78.... 1896, .MA.V
1903,
JAJ
12i"|'.!."
iPennsylvania gen. 6s, r..l910, Var 128
lftO.5. Viir
Ctiiwol. 6a. e
119
.
i
Laal prloe Uua week
27
U
Aug. 31
Jan. 18
Feb. 10
Apr. 28
Aug. 29
Feb. 10
Sept. 2
31
Apr. 28
Feb. S
Feb. 11
1
Jam 14
2
2
Mar. 31
Sept.
Sept.
62%
Sept.
49
Jan.
I
U
12
50% Mar. 31
30
24
31
49% Aug. 31
53 May 5
19% Feb. 17
5
11
49
26
Jan.
9
Jan. 81
Jan. S
15% July 31 24% Apr. 28
lEx rlKhts.
Ask.
Bid.
1919, Var
1913, JAD
1% g
pref. Income, 5 g,
1958 Feb. 1
112
101%
121
112%
101%
112%
t
:
98%
79% 80%
.
66%
14%
34%
65
31
1893, AAO 107%
1911, JAD
128
1911, JAD 113%.
ImprovemeutM. 6 g., 1897, .\.A0 105
Con.M.,5 g..s^amped. 1922, MAN 10l%101%
90
Phil. Wilm. A Bait., Is. 1917, AAO
Consoi. mort. 6 K
I
Pitts. C.
A
St. L., 78.
...1900.
FAA
'
;
IWarren
A Frank, l8t,78.1896,FAA
107
jl08
Bonds.- B<ltimore.
Atlanta ACharl., Ist 78, 1907, JfeJ 117% 118
1900, AAO 102
Income 68
103
98
Baltimore A Ohio Ig., 1933, AAO
99
puts. A Conn., 5 g...l925, FAA 105^8 106%
StSteu Island, 2d, 3 g.l928, JAJ
100
BaI.AOhioS.W.,lst,l%g.l990,.TAJ
100%
CapeF.AYad.,8er.A.,6g.l9l6, JAD
100
I
FAA
Pitts. A Councils, lulls. 1898, JAJ
Virgiula Mid., Ist 68... 1906, MAS
1911 MAS
2d Series, 6s
1916, MAS
SdSeries, 6s
1921, MAS
4th Series, 3-1-58
100 100%
100 1100%
IGO
105%ll06
100 1100%
lll%'115%
113%;ill
108%<108%
107%!
100
100
Piedm.ACum.,l3t, 3«.1911,
114
Ills
113
111
105
80
1926, .MAS, 99% 100%
9th Series, 5a
West Vu.C.AP.lst,6g. 1911, JAJ' 106 107
85
West'-. V.C. Consul. 6 K.1911, JAJ,
06
Wllm. Col. A Aug., 6s.. 1910, JAU 111 116
MISCELLANEOUS.
Baltimore— City Hall 68 1900, Q-J
.
Fuudiiig68
1900.0-^
We^t >laryrd RK. 6s.. 1902, .lAJ'
1916, MAN]
Water 58
1916, .MA.V
Funding 58
1930. JAJ
Exclunge 3%s
Vlrginla(Stato)3s, new. 19.12, JAJ'
1900, J AD
Chesapeake Gas. 68
1910, JAD'
Consoi. Gas, 6s
59
1....
113%
30
Po'keopsio Bridge, 6 g. 1936, FAA
J53
106
8ehuvl.R.E.Side,lst3 g.l935, JAD' 103
I'.i
JAJ
Alnd.,
m.,5s.
14,
101%
Steuben.
Ist
1891, AAO 103
,Un!ted.V. J.,Ok
Oxf.ACIark.,iut.gu.,6g.l937,MJ:N
2d68,gold
193
31 Z80
1898, FAA liibo'i:
I
15% 16%
34% Aug.
1
58, r
I
68
July
Jan.
Aug.
Aug.
Mar.
JiUy
July
19U2, .VIAN
I
I
"1^
9
1916. JAD
Series B., 6g
1916. JAD
Series C, 6 g
1930, MAS
Cent. Ohio, 4% g
Charl. Col.AAug. Ist 7s. 1893, JAJ
Ga.Car. A Nor. 1st 5 g.. 1929, JAJ
1900, JAJ
Morth. Cent. 68
1901, JAJ
6s
1926, JAJ
Series A, 5s
1925, AAO
1%8
I
13
Jan.
Jan. IS
Jan. IS
ConsoL mort. 7s
90
I9OO, FAA 115%
Catawissa, M.,7s
9%'
Char. Cin. A Chic. Ist 5g, 1917, O—
29
Ist,
Cleartield
A
Jeff.,
68.1927,
6
JAJ 116% 117%
1900-04, MAS 117
19% Connecting. 6a
13% Del. A H'd Br'k, Ist. 78.1905. FAA 124%!
110
17% Easton A Am. 1 HtM..3s.l920, MAS
6% Elmir. AWilm., 1st, 6S.1910, JAJ. 103
Hunt. A Bi'd rop,Con.58.'95.AAO 102
69"' Lehigh Nav. l%s
1(16%
1911, O—
28%
8%
19%
Feb. 11
2d, 78
83%
Bonds.- Philadelihia
107
2% 2% Atlantic City 1st 3s, g., 1919,MAN 103 il03%
15
15% Belvidcre Del., Ist, 68. .1002, JAD 113
35
Sept.
Q—
C.,Cou.0s.l920,AAO§ }tl03
1920 t 17%|.
JRutland, l8t, 68
2d, 53
52%
230
Pa. A N. Y. Canal, 78. ..1906, JAD
Consoi. 5s
1939, AAO
81%; Perkioinen, Ist ser.,58.1918,
61%' Puihi. A Erie gen. M. 5g.,1920, AAO
Gen. mort., Ig
1920, AAO
Phila A Rea<l. new 1 g., l^tSS, JAJ
1st pref. Income, 5 g, 1938, Feb 1
99
2d pref. income, 5 g, 1958, Feb. 1
3d
S
7% Aug.
Feb.
July
July
6,678x38% Aug.
1,709
15,624
14%
It
,1
Feb.
Sept.
85% Jan.
26% Apr. 23
86% Apr. 23
Bonds.
i
Inc. 6s
23
30
ll's June 23
5,791
Penna. Consoi.
Hi
Ogden.
t
30 17%
Ask.
!
15
112
125
21
55
117
11%
2,183
25
(Botton) 100
"
"
40
97
7.78 Sept.
51
Jan.
7 Jan.
Aug. i7 220
80 240
123 49%
735 42
83 43%
274 15
I
Bid.
183% Feb. 6
209% Feb. 12
20% Jan. 1»
39% Jan 21 50
13% Jan. 2 20
7,039
8,269
dlv.
!
78
82
60
31
569 173
15% IS'a
16% 47%
25%
19%
205
31
13
Apr. S
Apr. le
Jan. SO
58% Jan. 17 92% Apr. 20
84% Mar. 11 96% June »
15,999
1,057
49
25
6%
1,910
21%
15
•
26%
4%
27 222
50
93%
jChlc.A W.Mich, gen. 5s, 1921, JAD
Consoi. of Vermont, 3s. 1913, JAJ
5s.
.1927,
AAO
River,
l^^t,
::::
95
Current
Det. Lan».ANor'uM.7s.l907.JAJ
122'
1906,
MAS
G
g.,
iBiatern let mort.
120
ISree.Elk. A .M. V.,1 St, 68.1933, AAO
Uustampedlst, (is... 1933, AAO
93
iK.C. C.ABpiing., 1 8t,3g.,l923,AAO
iK. C. F. S. A M. con. 68, 1928, MA.\ libs'
74
73
K.C. Mem. A Bir.,1 8t,58,1927, MAS
K.C. St. Jo. A C. H., 78. .1907, JAJ I
'91'
L. Rock A Ft. 8., 1st, 78.. 1903, JAJ I' 92%
!Louis.,Ev.ASt.L.,lst,6g.l926,AAO
1936, lAO
2in., 2— 6 g
1925, AAO
101
Mar. II. A Out., 6s
1923, JAD
101
Exten. 68
71%
IMexican Central, 1 e... 1911, JA.1
Ist COU80I. Incomes. 3 g, nou-euiu.
35% 36
•22% 22%,
2d consoi. incomes, 38, non-com.
N. Y. A N.Eng., Ist, 78, 1903, JAJ 118%
1903, JAJ
112
Ist mort. 68
1902, FA A ioi'
2d mort. 68
9978'.
2d mort., scaled, 5s... 1902, F&A
64%
t
niluois Steel U
Kear.sarge Mining
"
Monis anal guar. 4. (Phila.)
Preferred guar. 10
'•
Osceola .Mining
(Boston)
25!
•'
Pewaliie .Mining
23
Pulliuau Palace Car..
"
100
Wuincy Mining
Taiuanu:k Miuinz
13^s
21
19
46% 46%
AUegheiiy Val.,7 3 10s, 1896. JAJ
(Bait.)
"
"
reo.H
50
131
119
32% Auk.
42,3<*5
15
15% 15%
Burl.A Qulnoy 49..1922,FAA
1911", AAO
Iowa Uivwion Is
!
.
"
"
"
tr.
50
•11^8
6% AUK.
93% Jan.
.Mar.
Jan.
110 120 Auk. 18 146
24,675 17% July 311 24%
5,991 31 July 3l' 41%
501- 94
July 31116%
160 63% June l'7i 71
18.333 20% July 30 29%
28,6^9 58% July 311 74
69 102 July 29,168%
11,723 19% May 19 51%
666 24 July 301 32
87,524 \.<i'i,^ Auk.
18%
"8^ "8%
46% 47
IChic.
65
.
50
At.Top.A8.F.10(>yr.lg.,1989. JAJi 80%
100-year income 5 g., 1989.8ept.i 61%
Burt. A Mo. Elver Exempt 6s, JAJ:
...1918, JAJ |102%
Non-exempt 6s
1910, JAJ t 85
Plain 4s
Chic. Burl. A Nor. Ist 5,1926, AAO
1918, JAD
99
2d mort. 68
1896. J AU
98%
Debenture 6s
,
RR...
19'9
20% 21%
21
49% '18% 19
Bonds.— Boston.— „
)
City l"a8.-<euKer
Bay State Gas
Boston Liiud
15% 16
15% 46%
21% 23
19% 1978
WestiuK. El.
8%
. .
JII«(KI.LANEOU8.
Allouez Mining
(Boston)
Atlaniic .viinlug
16%
16
25
46
Inactive stocks.
.
.
19
50
15
20%
50
Thom.Europ.E.WeldH
Water Power
50
50
90
Northern N.
{Boston) .100
North Pennsylvania. {Phila.) 50
80%
Oregon .Short Line
(Boston) .100
26
JarkersliiirK
{Ball.
50
Pennsylv.-inla A N. W. {Phila. ) 50
Baleltth A Gaston
{Ball. 1100
Rutland
{Boston) .100
4%
Preferred
100
73
Seaboard A Roanoke. {Ball.) 100
Ist preferced
'•
100
West End
,{Boston)
50
77%
Preferred
"
50
West Jersey
(Phila.)
50 58
West Jersey A At'au.
50
Western Maryland..
(Ball.)
50 11
WUm. Col. A Augusta
"
100 107
WilniinKt' n A Weldon
"
100 110
Wisconsin Central.
(Boston) .100
20%
Preferred
"
100 45
Wore'st.Nash.ARoch.
"
100
.
4!)i4
50
X Gx
.
Maryl.'Hid Central
Mine Hill A 9. Haven
45
19 1«
Ask.
4.
Atlanta A Charlotte ^Balt.) .100
90
Boston A Providence {Boston) .100 245
Camden A Atantio pf. (Phila.) 50
Catawissa
"
50
1st preferred
•'
50 f 58
2d preferred
"
50 t....
Central Ohio
(.Ball.)
50 51
Charl. Col. A Augusta
"
100
Jonnecticut A Pass. (Boston) .100 120
Connecticut River...
"
100 217
DelawareABound Br.(P/iita.) .100
Har.Portt.Mt.JoyAL.
50
80
Kan. Cy Ft. 8. A Mem. (Boston) .100
K.C'yFt 8. A Gulf pt.
100
K. City Mem. A Birm.
"
100
Little Sehuylltill
{Phila.) .•50 t 66%
Manchester A Law.. {Boston) .100
.
45%
21%
was male.
Bid.
Inactive Stocks.
45% 45%
•20%
21
204t
48Ss
60
15
21
42% Sept 4
25 June 16
17% Jan.
43% Mar, 20 48% July 11
45 's -lune 41 51 Feb. 8
1,244
nil«cellane'>ai> Mtncka.
Am.Sue'rRefln.lt CBosto»>
85^8 8714
86
87% 86% 88
87
88% 86% 8S
8.51s 86
Preterreo
"
90'8 91
90% 90% 90% 91
go'a 91%
901a 90%
'•
Bill Telephone..
179 179
180 18U% 178 180
180 1801a 180% 181
100 179 180
Bost. A .\Ioiuana
48 '8 49
"
50
4514
19
l-i^e 50
17% 19
25 43
451a 47
1Butte A Boston..
"
20
17
17
1714
17
18% 19
18% 18% 18% 19%
25
Calumet A Hecla
"
263 263
265 270
270 270
2o0
260 280
25 255 260
61
Canton Co
61
62 1« *6l
62% 6t
62
(Bait.). \00 *61
62% 62%
65
"
•11% 15
Consolidated Gas
4II4 41%
11% 11% •41% lf8 •43% 45
100 411a 45
Krle Telephone (Boston). 100
Lamson Store 8er. "
50
Hl«bett.
85
127
350
41% 13%
Loweat.
M
71%
47%
121
38%
7i«
13%
221
In 1891.
xl03 July
26 192 Jan.
17 172% June
228 157 July
33 16% July
319 34% Jan.
19,972 75 '8 Mar.
33,900
Jan.
«2 41 Mar.
280
5 Mar.
1,015 17 Mar.
248 69% Auk.
500 18 Mar.
110 65 July
23%
105% 165% 165%
5<% 51
29% 29%
17% 18%
30
291s
17'8 17»,«
'6%
22
73
47% 17% •16% 47%
50%
163
16J14
69^8
'45
23
78
21
50 14
50
50% 50
121
12214 124
121 12114 124%
23
23% 22% 22% 21% 22% 21%
38% 3918 38% 39% 38
38% 37%
103 103
102
101
102 102
'67% 70%
•67
71
71
71
26''8 27%
26% 27% '2fl% 27
26
7114 72
70^8 72%
70% 71% 70%
50
95
7%
23
73% 71
23
78
21
76
93
133
118
202
177
i74
20
38% 38%
23
76% 77%
80
21
47% 47%
50% 50%
'•'19%
46
•6%
22%
74%
•74
-23
202
•175
91% 9lj%
69% 70%
7
7
22
•91
•130
•116
19%
16
7
22
23I4
202
176
174
Share*.
40% 42% 119,539 24% Mar.
4,906
6%
4% June
6
92
19
4.-i%
22
71
92
Range of sales
Week,
Friday,
Sept. 4.
11%
5%
92
131
95% 97
70% 71%
97
6%
22%
74
71^8
•15
7
'91
20
30
73% 73%
23
23%
.
Lehl'hCoalANav ThU.,
,
THE CHRONICLR
1891.)
5,
J
Equitable
<}as, 6a
1939, JAJ
1913. AAO
118%119%
121
123
123%
6i
,
64
105% 106
112% 113
9;>
105
98i»
1108
-
—
k
J
J
1
:
HEW YORK STOCK EXCHANGE PRICES
Clofiig
RaILBOAS
[Vol. LIII.
TH^„(J?PQ^ICLE.
3/50
AJ^D MI8CEL. bonds,
Range
^^f^d'^ gf^^^
At.Top.&8.F.-100-yt.,+«. 1989! J &
1989^ 6epi>
100-year iucomc, o g
(sales)
tow'esi.
Mar.
75
61%
15%
(Contlanei).- AOTIVB
m
SOVOS SE?r.
Bi#.BOADANi>
.VIiscEL.
61.34 Sept.
9% July 15>fl
69 July] 75
b.,108'9Apr. ,11219
b.,
b. 10213 July 'I07>4
asiaJan. 100
,
8ept.
Jau.
&N
& J
10134b. 100% May IO314 Mar.
12I14
12314 Aug. I2714 Apr.
b. 104ia Juue
Jan,
N. Y.Chic.&St.L.— 4g...l937IA
N. Y. Elevated— 78
1906 J
118i«
b.
189
HO
May 123
95 ^
July
115
July
'
July 132
IIO34I..
'
107 "a Apr.
11812 June
IO314 Aug.
115 Feb.
9715 Apr.
IOII3
Aug.
,
II512 Feb.
I0013 Feb.
11 713 Apr.
I1414 -Mar.
j
I
;
A&
j
&0
113i4Feb.
Jan.
8414 Mar.
Feb.
SS'^a
I
|
109
110
112
112
110
63
&N
1
j
10
1
.
.
,
r
Sept.
341a Sept.
100 la Jan.
75 Feb.
7734 Feb.
I
114
107 Jan.
105 Jan.
10834Apr.
107i4May
'
1
i
M&
69i4Sept.
29 Aug.
113 Jan.
117 Feb.
102 13 Feb.
'
8 7 la
i
Feb.
731a Feb.
1
103
107
27
114
I
'
|
;
'
Apr.
94 Jan.
Jan.
961a
901a Apr.
35 14 Jan.
99 la Feb.
108 Apr.
1071a Jan.
77 Jan.
91 Jan.
IHI3 Mar.
11134 Feb.
74 Apr.
Ill
Jan.
109%May
'
I
;
Mar.
104
&N
1
Feb.
Apr.
101%.Mar.
:
1
1
Mar.
103% May
1
!
May
74
'
j
9334 Jan.
1214 Apr.
llSiaApr.
Apr.
1 14
110 Jan.
|
1
Mar.
921a Jan.
110% Mar.
'
1
May
Feb.
81
118 Jan.
9112 Jan.
,
. . .
-Mar.
45
I
M&
'
Feb.
May
10034 Mar.
106 Jan.
1091a -May
103 Feb.
74^8 Apr.
80 Feb.
26% Aug.
82 Feb.
65I2 Sept.
,
I
Mar.
Feb.
5814 Jan.
103 la Feb.
74 Feb.
[
&A
MAS
Mar.
Jan.
Apr.
Jan.
10934 June
137% Feb.
I
M&
1891
„ ^ .
Highest,
|
109
& J
Feb.
N.Y.Lack. &W.— lst,6s..l92rJ & J 124 b. 125
Feb.
'110
a.
108 Feb.
1923, F & A
Construction, 5s
Mar.
Jau. ,118
lli;115
133 Jau.
May ,'123 Mar. N.Y.L.E.&W.— l8t,oon.,7g.l920 M & 8I3314
lOlSjb.
103 June
1893 J & D
Long Dock, 7s
Jan. Ill's May
1935A&0117 b. 115 Ja!'.
Consol., 6g
July ,113 Jan.
96 June
2d consol, 6 g
1969 J & 1)103
99 May
1912 M & N, J3 b.|_J^ Aug.
do. mortgage, 5a
Mar.
X. Y. Out. & W.— Ist, 6 g..l914:M & S IHI4 ,110
108i«Jau.
Am. P"ik & luiy !?".:• --JSHJt
90 June
1939 J & D 94
Consol. lst,5g
112% Mar.
N Y.Sus.&W.— l8tref.,5g.l937,J & J lOOisb.' 94 Jar.
* 1939M & N,102
O 113ia lllij M.iy
Midlaudot N. J., 0g....l910
9iH.May ,102 Sept.
'ist.l?,, 7i
June
Norf. ,& W.— lOO-year, 5g.l990 J & J 91 b. 88
71i2Feb.
^RiAniv'4sfeon'24sl98BJ & Jl 69i4tt. OSia July
,E.4A.^D.,.,^l|feou..2^«.|^^^
Xorth.Pac— l8t,coup.,6g.l92l'J & J:i15 b. 113 J.in.
1^.
,3 ^,
112isb.
A
109
&
O
Miiy
g..l933
General,
6
114
June
2d,
coup.,
102>3 Aug.
A 1)0
fiues. O. & 80. W.-6g.....l911iF &
General, 3d. coup., 6 g.. 1937 J & D, 10714b. lOOia July
I1714 JiUy 123 Jau.
120
Chio. Burl. &Q.--Cou.,78,1903 J & J
Sfs
J
D
76ia
1989
&
Consol.
July
Apr.
mort.,
5
IO213
g
'.1913 M & N| 98 IJ. 95% Aug.
DebeDture, .58
82%
76ia July
Cliio. &N.P.— 1st, 5g...l940 A
* & A, So b. 87 Jime 95 Jan.
'iDeuver Division, 4S
'
101 Sept.
J922
>'orth. Pac. &Mou.— 6g...l938 M & 8 101
80 July 88% Jan.
N, 84%b
/Nebraska Extension, 49.1927
North. Pac. Ter. Co.— 6g..l933 J & J 101 b. 104 July
....^
1 08=8 June llS^s Apr.
lUisb.
D
&
ikic. A;E.Ill.-l8t,s.r.,68.190rJ
lOgijb.
IO8I4
J
J
&
Ohio&Miss.—
July
Cons.s.t.,7s.l898
Jan.
121
1934 A ai O 119 b.:119>2Apr.
pousol.,6)j
J
Consol., 79
1898, J & J*,108iab. 107 July
95 Jan. 400 Apr.
97
•'^en^ral"c6l.S0^iVt 58'1937,M
105 a. lOliaJuly
OhioSouthcrn— 1st, 6 g...l92l'J &
Bieago
^!
^
1921 M & N; oSMj
General mort., 4 g
55 J
50 b.( 50 Ju e
J
J
&
'
92i3Apr.
Omaha
..1937
&
St.
Louis—
4
g
J ii J 80 b. Si^ifiAug.
C£ic. Gas I.. .*;C.-lst,5K.iy37
"
D
99 lab. 90 Jan.
J
&
1910
Oregon
Imp.
12512
Co.—
1st,
6
g.
Feb.
Jan.
121
J
J
&
b.I120
pUlc. Mil.iSt.P.— Con.79.1»0o
1939A & O 6534
58 July
Consol., 5 g
J & J UOHi il08'.2 Aug. I1214 Apr.
^ 1st, Southwest Div., Cs.1909
Ore.E.&Nav Co.— l8t,6g.l909;J & J 106 a. 1051a July
114 Feb.
flst,.So.Min. Div., 6s.. ..1910 J & J 114 b.llO Jan.
1925J
&X>\
86
b.'
C0U80l..5g
85 Aug.
10738
May
Jau.
;,lst,Cli.i:Pao W.Div 58. 1921; J & J, 105 b. 104
Pa.Co.—4i2g., coupon. ...1921 J St. J 105 b. 102 July
Aug. 98 Jan.
Cbie. it M<>. Kiv. Dlv., 5s. 1926 J & J 96 b. 94
106
b.
J
J
1920
&
Peo.
100
Dec.
Ev.an8V.—
6
Jau.
&
g.
100% July 104 July
T.Wis. &Miuu. Div., 5 g.. 1921 J & J 101
I03I2 Apr.
6g....l920M&
S 103 a.[ 95 J:in.
Evansville
Div,
JlOOJab.'lOO
Mar.
iSi
J
....1914
; Terminal, 5 g
1926 M & N 73 a. 66 Jan.
2d mort., 5g
87 Feb.
83i2b.i 81>2July
; TJen. M., 4 g., sedes A. ..1989 J & 3 108
Peoria&East,— Cons., 48.1940 A & O 79
73 Juue
Feb.
lab. 1071* Jan. 112
M.1.,6b.1910;J & D
, MUw.&Nortli.—
lucome,
1990 April. 20
16 June
4s
l8t,con.,68.. .;...... -.1913 J & D 108>4b. 107 Jan. 112 Apr.
7958
J
<fc
J
1958
7419 Aug.
I3II2
PhUa.
&
Read.—
4
Gen.,
Apr.
g.
Aug.
,139%
Q-F
132>i!b.
CMc.&N.W.— Consol.,78..1915
Feb.
19581
6511J
Ist pref. income, 5 g
471a Mar.
o.iai Juue ,127% Feb.
122 b.jl21
1902, J .&D
190a,J
gol<l,78
ui-f^
78.
..Coupon,
"oupou gold,
45
1958 Feb.
32 Mar.
2d pref. income, 5 g
«•'*..,"*;",•,*;.,;"'
^a^>ZA&nlV2
b.'lll
Ill July 115 Feb.
A &f 112 b.
1929
^^81u^fing fund, Cs
1958' Feb,
341a
2514 Mar.
3d pref. income, 5 g
1929'A & O I07>«b.ll05 Jan. 'lOSHFeb.
Vllnkiug fund 5S.:
J
J,*7858b,
1917
&
102i4July
Pittsburg
'105
109
&
Western—
4
Feb
g.
751a Jan.
b.
lOA
N
58.1933
f.Blnklug fund deben.,
J 109 b 108 Aug.
Rich &Dauv.— Con.,6g..l915 J
25.rear aebeuture,S....1909,M& N 103 b.[102 July ,105% Apr.
1936 A & O! 80 b. 78 Aug.
Consol. ,5g
1926 F & 4 93 b. 93>sJuly 100 Jan.
-.Extension, 4s
Rich.&W.P.rer.-Trust,6g.l897 F & A| 89
83 Aug.
CWe.Feo.&yt.Loius— 5g.l928M & S 98 b. 92i2July 100% Jan.
M & 81 58i« 53 July
,127i4Feb.
lst&col.trust,5g.l914
llSiaJuiy
Con.
120
J
&
b.
J
CUie.R.I.&Pac.-6s,coaii.l917
RioG. Western— 1st, 4 g.. 1939 J & J| re's
7314 Aug.
95>4 Mar. lOOMi Aug.
ExteU8ioU!'ndcol.,58...1934;j & J lOoij
R. W. &Ogd.— Con.,58....1922 A & O 110 b. 105
Jan.
iOO Feb. ,103 May
Cluc.St.r..&Pitt.-Con.,5g.a932 A & O
__
St. Jo. & Gr. Island- 6g..l925,M & N 86 b.
8218
II314 June ,119 Jan.
Mar.
1930 J & D lis
CbiC St. 1'. M. &0.— 68
J»,108i2b., 108
86I3
1894'
91i2.May
&
8t.L.AIt.&T.
H.—
79.
J
b.|
1st,
Juue
J
89
Apr.
&
J
Clevelftud&Cauton-5g..l917
1894 F & A 102iab. loi Aug.
2d pref., 78
|129 Jan. ;132 Fob,
C. C. C. &I.-Con90l.,7 g.l914 J & D
St. L. & Iron Mt.—lst78... 1892 F & AjlOO-'^gb.ioOis .\.ug.
1934 J & J *114 b. 113 July 1121 Mar.
General consol., C g
2d,7g
1897 M & N 106 14b. '1041a May
99 Aug. 106 Jau.
1900 F & A 101
Col. Coal & Iron-6 g
69>3
CairoArk. ifeTexas, 7g..l897|J & DjlOS^ab. 10313 July
62
Apr.
71
Jar.
Col. Midlaua-Cou.,4g...l940F
8II3
Gen. B'y Aland gr.,5g.. 1931, A & Oi 89'8b. 31 May
78 >2 Aug. 86 Jan.
Col.U.Val.A!Tol.-Con.,5g.l931
1904'J & D: 86ifl
8t.L. & Sau Fr.— 6 g-., CI. A. 19ti0:M & N| 1 lOiah.' 108
80 July 38 May
Juue
General, «g
6g..Clas9B
1906 M & N llOiab. X06ia June
Denver .t KioG.— Ist,7g.l900 M & N 114Sfcb. 11438Juue 119i2Feb
8OI3
1906,
N
111
01.198
1936J
J;
77
Aug.
83
Feb,
6
&
;i07
June
g.,
lsti»usol.,4g
General mort, 6 g
19311 & J 105 b. 103 July
Det.B.City&.\li)ena—6g.l913;J & J, 91 a. 91 Jau
961a Feb.
34>2 Sept.
St, L. So. West.— 1st, 4s, g.. 1089, M & N| 69
65i3July
Det.Mac.&M.—£'dgrant8.191llA & O: 34ia
291s Jan.
2d,48,g.,inoome .......1989 J & J
Jan. 10018 May
Dul. Alrou Range— 58.... 1937 A & O 93 b. 95
Aug.
July
8.P.M.&M.— Dak. Ex., 6g.l910,M& N 115 b. 114 May
99 Feb.
Dul. So. .Slu&Atl.— 5g....l937:J & J 93 b. 85
*
J' 114 b.'ll
1933 J &
l8t cousoL, 6 g
E.Tenn.V it G.— Con., 5 g. 1956, M & N *98i«b. 96 May 104 Jan.
July
102 July I0918 Apr.
reduced to 41a g...l J & J|*99
do
Knox\ille,.feOhlo, 6 g.'.'.1925 J & J, 112
July
MontanaExtension, 4 g.l9371J & DI 82
EUz. I.ex. ABlgSau,— 6g.l902 M & 8, 85 a. 84 Sept. 95 Jan.
Jat
93 Aug, 105 Jau.
San A.& Arau. P.— Ist,6g.l916 J & Ji*61
Ft. \T. <fcDeuv. City— 6g..l921J & D; 9914
611a Aug.
l8t, 6 g
1926 J &. J, •61
Gal.H.,SiSauAu.-W.Dlv.lst,5g. M & N, 92iab. 911a July 9514 Aug.
60 Aug,
SeattleL.8.&E.— let,gu.U.1931 F & a' 96I3
Han. & St. Jos.— Cons., 68. 1911, M & 8,110% no Mar. 117 Jau.
95 Aug.
1952'A & O: 95
Ko. Car.— Ist, 6 g.,ex coup. 19201
nilnols Central—4 g
93% May "-97
;105
03 Jan.
25
Int. &Gt.No.— lst,6g....l919M & N,114 b. 1091a July 115
Inoome,69
Jan.
193l'
13 Jau.
68 Mar. 76 Jan.
Coupon, Ug., trust rcc..l909M & B\ 72
80. Pac., Aiiz.— 6g
1909-10 J & JllOl
101 July
lo-waCentral- l8t,5g
1938 J & D 84isb. 801a Aug. 87 May
So.PacittcCal.— 6g....l905-12'A & O 112iab 1091a Apr.
78 July 821a Jan.
Kentucky Central—4g....l987;j & J sola
1st, consol., gold. 5 g
1938, A & Ot 99
99 Jan.
b
KlugsCo. El.— 1st, 5 g.... 1925;
<& j; 96
97>sApr. 100 la May
So. PaciJc.N. M.— 6g
1911 J .t JlOl b. 101 July
1919 i-F
Laclede Gas— l8t, 5 g
761a
I'eun.C. L&R.v.—Ten.D.,lst,6g A & O 85 b. 82
711a June 821a Jan.
Aug.
Late Erie & West.— 5 g.
105 Aug. 109 '8 Jan.
] 937
Birm.Div., 6g
1917, J & 3 87 b. 81 Aug.
L.SUorc— Con.cp.,lst,78.1900'J & J* UO^a. 117i4Aug, 122% Jan.
2000;J & D 85%
Tex. &Pao.— 1st, 5g
83 Aug.
Consol. coup.,2d,7s
1903, J i D*120b.|il8 June 124 Jan.
2000' March. "33ia
2d, income. 5 g
27 Aug.
Louglsl'd- l8t,con.,5g..l93ll Q— J 115 b. 110% Jan. 1*1 5 la Mar.
19241M & N 93 b. 92 Aug.
Tol. A. A. &N. M.— 6g
General mortgage, 4 g.. 1938 J & D 89%b. 88 June 921a Jan.
&Gr.Tr.—
Tol.A.A.
6g....l92llJ & Ji*103 b. 103 July
Louis. &Na8h.— Cons., /8. 1898 A & 0, 11214b. 110% June li55^ Mar,
1935;J & J 101 b. 102 la July
Toi. <fc Ohio Cent.— 5 g
N.O. &Mob. Ist, 6g
1930J & J'n4 b.'l 1338 July 1I8 Feb.
Tol. Peo. & West.— 4 g
1917lJ & J 72i4b.i 71iaJuIy
do.
2d,6g
1930J & J lOSiab. 105% Aug. 112 June Tol. St.L. & Kau. C.-6g..l916;J & D 84%
79 July
E. H. & N. Ut, 6 g
1919 J <& D 112iS8b.'lll june '11314 Apr.
1899lJ & J 110 b.'ilOiaJuly
Union Paeitlc— 6 g
General,6g
1930;J & D112 b. UU July 117 May
Slnkinir f uud. 8a
1893 M & S 105 b.iOo Sept.
76''8 Aug.
Unltled,4g
1940 J & Jl 78
SS'sMar.
CoUat. trust 41a....
lOlS'M
73 a.i 09 Feb.
IiOUls. N.A.&Cb.— I8t,6s.l910 J & J 112
'lOl
Mar. 112 Sept
KaUBasPacillc— Ist, 6g..l895 F & A'lOS b.'lOl^sAug.
Con.TOl.,Ug
19161a & O! 9e#
84 Mar. 98 Apr.
lBt,6g
1896 J & Dil06iab.'l07 July
Louis. St, L. AiTexas—6g.l917F & A 81%
65 Aug. 88 Jan
DenverDiv.— 6 g
1899 M & N'
106 Sep't.
Metro. Elevated— Ist, 6 g. 1908 J & J 112 b. lllSsJan. lll5iaJune
l8tcoiisol.,6 g
1919, M & N;i05iab.;l05
Aug,
2d,68
lS99M&N104ia ;103 June 10» Apr
-- Aug.
Oregon Short Line— 6 g.. 1922 If & A 100
9534
Miuli. Ccut.— lst,cou.,78..1902 M & N 120
lis Juue 124ia Apr
Or.S.L..SiUt'liN.— Cou.5g.l919,A & O 72
66
Aug.
OonsoL, 58
1902 M <fe N* 107i«b. 107 Mar. 108 Feb'
U.P.Den.&Oulf con. 5 g.l939'J & .D 71%
64 Aug.
Mil.LakeBh.&W.— l8t,6g. 1921 M & N, 120 b. 117 June 127 Apr
Union Elevated— 6 g
1937;M&
N
109 b.'l06 Jau.
Exten. A: Imp., 5 g
1929 F & A' 98i2b. 97 Aug. loin's Jan
Virginia Mid.— Gen. m., 58, 1936 .M & N 80 b.l 78
July
M. K. &T.— iBt 48,g
1990J & D 77'8
74% Jan. 79i8 Feb'
do
stamped guar. M & N 84
83 Jan.
2d 48,g
1990F & A 43
36 July 44ia Jan"
Wabasll- l8t,5g
1939'M & N 101
961a May
Mo. Paciflc— 1st, con.,6g. 1920 M & N 108 b. 103 May 411 Mar
2d mortgage, 5 g
1939. F & A 79ia
70 Feb.
3d,7e
1906 M <fe N llliah. 105 July 116 Apr'
Debent. M., series B
1939'J & J 45
27 Mny
rac.otMo.-l8t,ex.,4g.l938 F & A 97i4h. 9t Julo 100 Jan'
WestShore— Guar.. 4s
2361, J & J 102
99i.>July
2dmort.,78
1891 J & J lOlHb. 99iaJan. iiossrJuh'p
We8t.N. Y.&Pa.— lst,5g.l937lJ & JilOO a. 96 Jan.
Mobile & Ohio-New, 6 g.. 1927 J & D 112isb. 112 Jau. 1175 Apr
2dmort.,3g.,58C
1927 A & O' 31%
27 July
General mortgage, 48. ..1938 M & 8 65
62 July
70 Feb'
West. Un. Tel.— Col. tr.,53.1938lJ & JjlOO a. 98
Jan.
Nash. Ch. & St.L.-lst, 78.1913 J & J 124 b. 124 July 1271.. Juu'e
Wis. Cent. Co.— 1st, 5 g
1937
J ,fe J 94 a. 88 July
Con., 5 g
1 928 A & O KSia
103
June 107ia May
Income,
5g
1937'
40ia
28
^~
July
'
"
' a " price
TSVTE-' b " indicates price bid
asked ; the R[inge is maile up from actual sales only.
:
Latest price thisweek.
|
1891.
1,
(sales) in
Lowest.
S 105
119
M&N
& O; 9314
i
Juue
—-
Period. Sept. 4
M&
i
JAX
Range
Clos'ng
Price
Bo^DS.' Intel" sl
N.Y. Central— Extend., 5s.l893'M
Ist, coupon, 7s
1903 J
Debeu.. OS, coup., 1884.. 1904
N. Y. ,& Harlem— 78, reg .1900
82 % Aug.
r
3838 Mar.
A.VD SIXGE
1,
I
'Slghest.
'
112
irookrnElevatMl8t,6.g,19a4A&
Ca^.auutL.-.st«uar.,5.1908J^& J104
1891.
I
IIII4 Mar.
IIII2 Apr.
1 06 Hi Jan.
8O34 Feb.
82 Jan.
Apr.
Ill
89% Feb.
90 Feb.
102 Feb.
80
46
103
101
Aug.
Aug.
Bid.
iak.
Jan.
Feb.
3578 Feb.
10U34 Apr.
97 Jan.
45 Jan. J
•
I' ttif
NEW YORK STOCK EXCHANGE
(
.1
ill."
SECURITIES.
Bid.
Ask.
TtTTTRailroad Bonds.
(Stocle
ExtKange
Alabama Mtd.-lst,
g.,
69
1928
& Dau>.— Ist g., 6s. .1917
Atl, 4 Pac— 2d vy. D.,gu. 66,. 1907
Bait, iOhlo— l8l,68,ParkB.I919
»», gold
1925
Atlantic
—m goU,— tlMM
avpriM _.^
Cons,
.-
ort,
-3
58
Frl4art
.
SECURITIES.
B.
Price*.
87
PRICES-(Contittned ).-i^4Cr/F£
&
O. s. W., Ist,
g., 4ias...l990
g., g. OH. ...1919
Bid.
Rap.&No.— (Contiu'd)—
.Minn. & St L.— 1st, 7s, gu..l927
lowaC. & West— 1st. 7s
1909
Burl. Ced.
89
Roch. & Pitts.-Qeu., 58.1937
94
Roch. & Puts.— 1 St, 63
1921 116%
uo
^Cou8oUdat'dl8t,68.1922 112 115
„
Biiri Ced. Bap.&No.-l»t,5B.1906
96
99
1988
Consol. <fe cnllat trust, r,». . .1934
90
ar« tbe lateat qaotatloni made this week
Sufl.
4.
SECURITIES.
A9k.
100
Mon. Riv., 1st
Oeni-l Ohio Reor.— 1st 4198. 1930 io'6"
Bost H. Tun. & W.-Deb. 58.1913
9718
Brooklyn Elevated-.>d, 3.58.1915
86
BONDS-SEPTEMBER
Ced. Rap. I. F. & N., 1st 63.1920
Ist 55
1921
C.Ohio— -'ol. &an.M.l8t,4i2S.l939
;ent RR. & Bank.— Col. g.5«.l937
80
ChatRome&Col.— Gtd g.5«.1937 79
8av.& West— Ist cou.gtd.5,9.1929
Vnt of N. J.— Conv. d.-!).. i;s.l90S 115
95
85
76
.
...
.
Septbmbsr S
S
9
;
THE.CHRONrCLE.
1801.]
321
NEW YORK STOCK EXCHANGE VRICEH.— INACTIVE BONDS -fGontinutdJ -8EPTEUBER
SECURITIES.
Bid.
SECURITIES.
Ask.
!Pt, Worth
OeDtrnl Pikolflo— Golil li(tx,6a ,1895 106
Gold bonds, 68
.1890 107
Oold liondK, Oe
.1897 108
San JiMiiiiiin Br., 68
.1900
M(irt. colli 59
.19S9
Lain Ki'itiit. ."is. g
.1900
West. Piu'lllc— Hoiid.i.ea. . .1899 101
No. Kolhviiy (Cal.)— Ist, fis 1907
'Jal.
'
Har. ASiin Ant.— Ht,6». 1010
80.
Bid.
A«k,
BE0URITIE8.
70
72
Ohio River RR.-lst, 58
1036
lOhloRlv. -Gen; mort., g., 58.1937
98 1* 100
95 100
Bid.
Oreg. Rv A Nav.— Col. tr. g..5s. 1 91
P«nn.Rk.-P.C.AS.L.-l9t,c.,7s.l900
Pitts. Ft. W. A
l8t, 7s.. .1912
1912
2d, 7s
1912
3d, 79
Clev. A P.—Cons., 8. fd., 7s. 1990
68.1892
4th,stnk.fund,
St. L.V.AT. H.— l8t,68.,78.1897
1898
2d, 7s
2d, guar., 79
1898
Peo.AE.-Ind.B.AW.-l8t,pf.78.1900
C—
A
Fin. -Ist, g. (is
1927
I'Grand Ran. A Ind,-fl.ii, 5R..1024
'Green B, W. ASt. P.-l«t 6« .1911
2d Income, all subs. luUd
Housatonic— Cons, gold Ss
10!f7
;IO'i.
100
I
K.,9«..1928
Oal. H. AS. A.-2d uioit.. 7»..190S
West. DIv., 2d 69
1031
i
101
*R.O.— Isl
4.
77
"32'
35
I
*
96
I
'139%
•
138i«
128
I
120V
10.1
101
99
107 »« no's
N. Haven A Derby, Con9.S«..1918
100%
fix. sold, <er|p» A
107
118
Hous. AT.
lM*>-( 116
Waco A N. 78.. 1903 110
Olics. O. A So. Went.— -M. r.^
107
1:11
75
90
Ist g., 59 (Int. gtd.
100 101
193
nils
Cliloam) A Alton— 1st, 7Cons. g. 6s (Int. gtd)
1912
1031s
81ulcln« fund, 6H
65
Ohio Ind.AW.— Ist pre^.58.. 1039
1!«I3' 120
Gen. g. 48.(lnt. gtd)
1921
Louis. & Mo. River— 1st, Tsi.l9(K) 114>« 1161s
75
90 Peoria A Pek. Union- Ist, 68 .1921 110
Dcbent. 68, prin. A int. «ttd.l897
2d,7.s
72
Debent. 48, prin. A Int. gtd.1897
2d mortg., 4139
1921
1900
67
• siij
8u I.. Jacks. A Chic— l8t,79 .1894 103
104
Illinois Central— 1st, g., 4a ...1051 101
Phlla. A Reafl.- 3d pref. convert
1st, iruiir. (.104), 7»
89
PItts.C.CASt.L.— Con.g.4iii8A1940
Ist, gold, 3109
1951
1894 106 108
Mi'is.K. Hi-idire— 1st, 8. f., 6s,,1912 106
Pitts. Cleve. A Tol.— 1st, 0s...l922
Sprlngf. Div.— Coup., 6b
1898
OUlp. Kui'l. & Nor.— Dob. 6s
Nflddle Div.— Reg., 59
Pitts. & L. Er.— 2d g. 58, "A". 1 928
1921 *113is
1896
Ohio. Burllus. & Q.— 58, 8. t.. 1901 104
106
Pitts. Mc. K. A Y.— I8t63
1932 120
C. St. L. A N. O.-Ten. 1., 78. 1897 110
.is, ponvirtlble
Pitts. Patnsv. A F.— 1st, .59. ..1916
106
Ist, oonsol., 7s
1H03
1897 110
09
Iowa Div.—Sink, fund, 5s.. 1919 ICO
Presc't A Ariz. Cent. Ist,68,g.l916
2d, 63
1907
Sinkluitfund.-ls
9614
Gold. 58, conpon
2d income, 69
1951 lOS
1919 90
191ft
Plain, 4.S
80
Meiop Div., 1st g. 43
Rich. A Dan v.— Debenture 68. 1927
95
1961
1921
Ohic. A Indiana Coal— istSs! 1936
94
Dub. A 8.
Equip. M. s. f.,g., 6s
2d Div., 78 ...1894 'ioo"
1909
83
971s
OUi. .Mil. A St. P.-lst,8s,P.D. 1898 116i« 116%
Ced. Falls A Mlnu.— Ist, 79.. 1907
86
Atl. A Char.— 1st, pref., 78. .1897 i'do'
2d. 7 3-lOa, P. D
do.
Income, 6s
1900
1898 llSJfl USH Ind. D. A Spr.— 1st 79. ox. op. 1906 100
isi, 78, 1 It., R. D
Ind. Dec. A West.- .M. ->s.... 1947
RIoGr. Jiinct.,l8t,guar..g.,.59.1938
;!!! 1902 120
lst.LaCios.se Division, 79. 1893 Ill's
2d M.,inc. 5s, tr st r. >
1948
Home Wat. A Og.— l.st M., 79.1891 100 >s
l9t, I. A M., 7s....
Inter.
70
7i
A
Gt.Nor.—
1925
Coni>. (is... 1909
St. Jos. A Gr. I9.— 2d inc
189 *n2"s
1st, L A D., 78
Kanawha A Mich.— Mort. 48.1990 71
75
Kan. C. A Omaha— 1st, 58..1927
1899 •113
Ist.C. AM., 7s
125
Kan.
OVyan.
St.
A N.W.— 1st, 58.1038
L. A. A T.H— 2d m.lnc.7s.l894 100
1903
Ist, I. A D. E.xtenslon, 78... 1908 120
L. Sh. A M. So.-C. P.AA.—78.1892
Dividend bonds
1894
65
58>a
1st, La C. A Dav., 58.
Buff. A Er.— New bonds, 78.1898 114
Bellev. A So. 111.— 1st, Ss. .i890 110
1919 100
Ist, H. A D., 7s. .
Det. M. A T.— 1st, 7s
Bellev. ACar.— l9t, 6s
1923
112
1910 117 120
1906
1st. H. A D., .=S9....
Lake Shore— Div. bonds, 78. 1899 115 118
99
Chl.8t.L.APad.— I3t,gd.g.59l917
1910
Obicagn A Pacific DIv., 63!! 1910 112
Mahon'g Coal RR.-lst, 5s. 1934 no5 107%
St. Louis So.— 1st, gd. g 4s. 1931
'si'
Mineral Point Div. 5s
Kal. All. A G. R.— 1st gu. 5s.l938
1910 96
do"
2d income ,5s. 1931
65
C. AL. Sup. Div., OS.!.;""' 1921
I-ehlghV.,N.Y.— 1st gu.g.4is8.1940
101
Car. A Shawt.- 1st g. 4s.
.1932
77
Fart'o A South., 6s, Assu... 1924
.Itchf. Car. A West.— 1st 68. g.l916
98
St. Lou A S.Fran.— Equip., 7s,1895 1011s
Inc. eonv. sink, fund, 5s.
Ixraglsland— Ist, 7s
General OS
1931
1916
92
1898 Ill's 1171s
Dakota A Gt. South., 5s
N. Y. A R'way B.— lst,g. 58.1927
101
l.st, tru.st, gold, 59
1987
1916
961s
Ohle.AN.W.— 30 year deb. 59, 1921
Zdniortg., Inc
25
35
Kan. City & S.— 1st, 68, g...l91«
1927
Eseana la A L. S. 1st, 6s
SmlthtownAPt.Jeff.- l8t,78 1901 •108
Ft. S. A V. B. Bg.— Ist, 6s. ..1910
1901
90
pes M. A Minn.— Ist, 79
Louis.Evans. A St. 1..— Con.58.1939
82
St. Paul A Duluth— lst,53....1931
1907
77
Iowa Midland— Ist, 89
Louis. A Nash. —Cecil. Br. 78.1907
106
2d mortgage 5s
1917 100
1900
Peninsula- 1st, conv., 79
Pensacola Division, (!s
St. Paul Minn A M.— Ist, 7s.. 1909
1898
1920 103
Chio. A Milwaukee— 1st, 7s 1898 114
St. Louis Division, 1st, 68...]92ll 110
2d mort., 6s
1909 115%
W hi. A St. P.— 2d. 78
123
2d, 3s
Minneap. Union 1 st, 63
1922 '1091s
1907
64
1980 60
Mil. A Mad.— Ist, 6s
Nashv. & Decatur— 1st, 78.. 1900 •HI
Mont. Cen.— 1st, guar., 6s. .1937 1091s
1905 109
Olt. C. F. ASt. P.-lst/Ss" 1909 'l()2'a
8. f.,6s.— S. A N. Ala
East. Minn., Ist div. Ist 5s. 1908
1910 101
Northern 111.— 1st, 5s
1910 '1021s
San Fran. A N. P.— 1st, g., .53.1919
1040, gold, 63
1924 101
O.R.I.AP.-D.M.AF.D.,i8t4s". 1905
50 year 5s, g.,
65
1937 1027a 10312 Shenan.VaL— 1st Ts, g. tr.rec.l909
1st, 2iaa
Pens. A At- l9t, «s, gold.. .1921 lOlij
50
1905
60
Gen. 6s, g., tr. rec. a88t'd...1921
Extension, 4s
Collat. trust, .=is, g
1931
1905
65
73
99 101
South Carolina -2d, 68
1931
90
Keokuk A Des M.-VstVss!! 1923 93
Nash. Flor. A S 1st gu. 68.,1937
94
So. Pac. Coast— Ist, guar., 43. 1937
Ohic. fei, P A Kan. Clly-5s.. 1936
82' Texas Central— 1st, 8. f., 7s... 1909
Lou.N.AIb.ACh.— Geii.in.g.58.1940 • 80
Minn. A X. W.— 1st, g., 5s 1934
Lon. N. O. A Tex.— 1st, Is.. ..1934 * 84
1911
1 st mortgage, 73
Chic. St. P. A Minu.-lst,6s.V. 191
2d mort., 5s
Texas A New Orleans— 1 9t,79 1 905
1934
1191s IJI
St. PaulAS. C.-l9f,68
1912 102
1919 120
Manhattan Ry.— Cons, Is
Sabine Division, Ist, 6s
1990
Ohic. A W. Ind.-l.st, 8. t., 6s 1919
Memphis A Cliarl.— Os, gold. .1924 ICO 105 Tex. A Pac, E. Div.— Ist, 63.1905 101
General Mortffaffe, 6s
1932 lilij
IIOI4 112
l8t con. Tenu lien, 79
]!il5 110
Third Avenue (N.Y).— 1st 53, 193
Cln Ham. A D.— Con.s.f.Vs. 1905 123
83T6
191
Mexican National— Ist, g., 68.1927
Tol. A. A. & Cad.— 6s
Zd, »rold, 4 las
1919
1937
2d, income, 6s, ",\"
42
Tol. A. A. A Mt. Pi.—63
1917
421s
ran. I. St. L.A Chic.-l8t,g.",4s:
1940
1936
5s, g
2d, Income, 6s, "li"
Tol. A A. AN.
1917
82%
Con sol, 6s...
1920
Michigan Outral— (is
18'J6 10658
Union Pacific- Ist, 68
1909 112
ran. Jack. A Mac.-ist,"frV,'5s' 1936
1897 1071s
Coupon, 5s
l3t,6s
1931 *ioa
Clev. Ak. A Col.-Eq. A 2d 6s. 1930
1898 109
92
Mortgage 43
1st, 6s
1940 99
O.O.C. A St. L., Cairo div.
1908
-49, 1939
Jack. Lan. A Sag.— 6s
Collateral Trust, 6s
88
1891 no3
Bt.Lou.Div
83"
Istcol.t.s'Us.K. 1940:
1907
Mil. L. S. AW.— 'onv. deb., 58.1907
9iis
Collateral Trust, 53
8prin>r.A(ol.Div.- lst,e. 4s. 1940
1895
Mich. Div., 1st. (}/.
1924 114 120
C. Br. U. P.— F. c.,78
WhiteW. Val.Div.-l6|,|. 48 1940:
Ashland Division— 1st, 6a ..1925 115 120
Atch. Col. A Pac— Ist, 6s.. .1905
76
78
Cin.San.ACl — Con.l8t,K.59 1928
Incomes
Atch. J. Co. A W.— Ist, 63... 1905
Wi
ra Col. Clu. A Ind.-lst, 7s,9.f.
Col.—
l8t,g.,os.
1918
1899 1131s
Minn.A St. L.— 1st, g, 79
U.P.
Liu.
A
112
1927 108
71
Con.sol. sink, fund, 7s
t I914I
Iowa Extension, Ist, 7s
Oreg.8.L.AU.N.,coLtr3t.,53.1919
1909:*
102
73
Clove. A Mah. V.-Goia/Ss."
105
I'JOS 105
2d mortg., 78
Utah A North.— 1st, 7s
1891
50
Oo oradn .Midland— Ist, r., 6s. 1938:
1926
1936 106 112
Southwest Ext.— 1st, 78
Gold. 5s
1910
82
95
921s
Ooliiuihia A Green.— 1st, 69
1916 101 105
Pacitlc Ext.— 1st, 6s
Utah Southern- Gen., 7s ..1909 97
1921
Zd, 69
1926
1909 96
70
Impr. A equipment, 63
l3t, 7s
80
1922|' 50
Exten.,
75
97
Del. Lack, a W.-CouVertV7s,
1892 102%
Minn. A Pac.— 1st niortg., 53.1936:
Valley R'y Co. of O.— Con. 63.1921
MortgaKe7s
1132
1907
Minn.S. Ste. M. A Atl.— 1 st.58.1926i
Wabash— Deb. M., series "A". 1939
8\ra. Biiijr. A N. Y.-UtiYiC.
1895
1900 125 ;i29% Minn.St.P.A8.8.M-l8tc.g.48.1938*
No. Mis.souri— Ist, 7s
ii'6'
90
Morris A Essex— 1st, 7s
1914 136 113712 Mo.K.AT.— K.C.AP., Ist,48,g.l990l
St.L.K.C.AN.— R.E.ARR.78.1890
110
7Hs
Bonds, 7s
StCharles Br'ge— l3t,0s. .1908
Dal. A Waco— Ist. 5s, ga....l940
1900J
7sof 1871....;;'.!;;;
1901 iifi"";;;!;; Missouri Pacitlc— Trust 5s... 1917
West. Va. C. A Pitts.— 1st, 63.1911
90
1st, con., Kiiar.,'78.'.'!
1915 133
Wheel.ALE.— Ist. os, gold...l9'26
82
]8tcoU,58, g
1920
Bel. A Hud. Can.— iBt,
ex. 79 1891 102
10238
1930
Exten.^ion A Imp. g., .08
St. L.AI. M.-lrk.Br., Ist, 78.1895 104
93
Coupon, 78
...._
1894 10913 109=8 Mobile & Ohio— 1st cxt., 68.. .1927 107
.tllisrellaueuiiii Bo iida
Pa. Div., coup., 78
1917 137 13a
Cot. Oil Deb., g., 88. ..1900
St. L. A Cairo— is, guar.... 1931:* 80
Amer.
99V
Albany A Su.sq.— l8t,gu.'7a 1906
129
105
Morgan's La. A T.— 1st, 68... 1920' IOC's
Amer. Water Works— Ist 68. 1907
liit, cons., (Tiiar.,
69..
1907
1906
120
1st, 7s
1st con.s. 59, g
.1918
971s
R'iU.',. A Sar.—
1st, coup., 73. 1921 138
140
Nash. Chat. A St. L.— Jd, 68. .1901
Cahaba Coal Min.— Istg. 78.. 1907 108 112
Denver City Cable -1st,
1908 *
102
Chic.Juu.AS.Yds.— Col.t.g,58,19i5
New Orleans A Gulf— Ist, 68 .1926
gem. A K. G.— Imp., 15.,Vs..
*
59
1928
1919
79
N. O. A. No. E.— Pr. 1., g., 6a. .1915
Colorado Fuel— Gon. 68
B. Term. Va. A Ga.-llt,
78... 1900 112
6s,g..l917
N. Y. Cent.— Deb. g. 49
.1905
ICol. A Hock. Coal
98
Divisional .5s ..
1st, 4s. ..1986
1930
Convert. 63... 1897 102
no5
Guar.
Coal—
104
N.
JuneCkmsol'u
J.
Ist exi.. gold, ss!..
.1936'
1937 *
1st,
iruid,
GasCo.,Chic.-l8tgu.59.1936
74
dO
48.
Beech Creek—
Cons
Ell. A Imp., g., 5s
r 1938'
...... N. Y. N. H. A H.-lst, r,i,'.4s.l903
Denv. C.Wat. Wks—Gen.g. 58.1910
Mobile A- Birm.— Ist, g.,58. 1937
4s.l938
Northerii-lsi,
Det.Un.DepotAStu—
Istg.
g., 58.1927;
N. Y. A
Alabama Central— Ist
1918
115
Edison Elee. III. Co.— 1st, 58.1910
97
'2a, 48
1927
»ne— 1st, extended, 78 6s... 1897
1905
Equitable G. A F.— 1st 6s
95
N. Y. Susq. A West.— 2d, 4i98.1937|
1131s
2d, extended, OS.. ..
1919 112
Bridgf
1st a. 6s. 1931
os, g
Heudei'sou
103
Gen.
mort.,
1940
3d, extended, 4149
1923 105 106
NoitU'n Paciiic— Divid'daorlp exi.
.«utuil Union feleg'h- 6s, g.l9H 107
4th, extended, os.
"96
1920 110
James River Val.— 1st, Ss...l936'
Nation'; Starch Mfg.— 1st, 6«.1920
8th, extended, 4s.
1928 IOOI3 1021s
92
Spokane A Pal. -1st, (is
1936
N.Y. A Perry C A I.— 1st, g. 63,1920
let, cons., fd. coup.,
7s.'" 1920
Telegraph—
"-, 1904 103 "s
129
.Vorthwestcrn
St. Paul A N. I'.-C.ii., 68. .1923
Reorg.j 1st lieu, 68..
1908
107 Is
HelcuaARcd.M'u-l ^r,g.,68.1937
People's Gas A Coke / 1st g.6s, 1904
B.N.y.<sjE.-ist,79. ..::.. 1916 1061s
130
DuluthAMaiiltolia- si,L'.iisl>i36
Co., Chicago
i 2d g. 63,1901
«. Y. L E. A W.-Col. tr.,«9. 1922
1919! IOO
Dul.AMau Dak.Dh. uii;s. 11137
Peoria Water Co.— 68. g
rimaed coup., 5s
1969 78
lst,i;-.i;oM.l!»16
CcEurd'AleiioPleas. Valley Coal-lst g. 68. 1920
Iiirome, 6s.
1977
76
Gen. 1st, g., (is
1938 '
IProctorA Gamble— Ist, g., 63.1940
|105
Bi^. A s. W.-Moi-tg. 6s"" 1908
117
UK)
Cent. Washington— lst,g.,6».1938
West. Union Tel.— 7j>... IS75-19..< 115
Jefferson— i9t, gu. g. 5s
1909
tnlimetl Uuuds.
107
Norfolk A West.-iicijcral, 68. 1931 121
N.Y.L.E. A W. CVial A RR.05
lAla.AVicks.-Consol.5g.,192l.AAO
90
River, 1st, (is
1932 115V.
New
6s
1922
80
70
1934 108
Imp. A Ext., 6s
2d M., income till '94, 192 1..AAO
fivans. i- T.H.-l"3tVcou9.'68;".
1921 112
96 100
Adiustment .M.. ,?
1924
Vlcks. A .lerid.,l8t68,1921.AAU
Ml. \ernon— ist 6s
119
1923 109
EqiUpuicnt, OS
1908
lAtlanta A Charl.— lst7s,1907.JAJ 117
Sul Co. Branch- Ist, g.. 59' 193(1 '
35
92
Clinch Val. Ist os
1957 95
96 >s ComstockTun.- Inc.48, l919.MA.Vj 30
Byaus. A Indian. -Isl, cons.. 1926
99 "» 10U>a
{Georgia Pac— Ist 6s, 1922....JAJ
Bcloto Val. A N. K.-lst,4»..1990
75
FUut A P. .Marq.— Mort., 69
A&O^ 59
60
1920 120 122
Cousol. og. 1923
Ogd. « Lake Ch.— Isi cou.<{it..l920
l§t con. gold, 58
1939 100
Income 5s
Umo A Miss— 2d coiisol. 78. ..1911' 111% ll«
*
Port Huron- ut, ."js
71
1939
1905 •115
Little R.A -Mem. - l8t4g,1937.MAiJ
Sluiug.Div.— 1st 7.'
fM>.Ceu. A Pen.— 1st g. 5s.
1918
Mem-ACharl.— Cous.7g..l915.JAJ 110 114
General5s
1033
.'iO.year !i»
O'les.
O.— Pur.
A
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THE CHRONICLE.
322
[Vol. LIU.
Latest Earnings Reported.
Jnxrestnxjent
Week or Mo
KOAIW.
Ami
Gr.Rap. AInd. ^d wkAug.
Cln.R.A Ft. W 3d wkAug.
Other lines
3d wk Aug.
Total all lines 3d wkAug.
Grand Trunk... Wk Aug.29
Ohio AQr.Tr Wk Aug.22
Det.Gr.H A M Wk Aug.22
Great North'n
St. P. M. AM. August....
East, of Minn. August
.
The Investors' Supplement, a pamphlet of 150 pages,
eontains extended tables of the Stocks and Bonds of Railroads, and other Companies, with remarks and statistics coneeming the income, financial status, etc., of each Company.
It is published on the last Saturday of every other month—
viz., January, March, May, July, September and November,
and is furnished without extra charge to all regular sub$eribers of the
leribers of the
Chronicle. Extra copies are sold to subChhonicle at 50 cents each, and to others at
per copy.
The General Quotations of Stocks and Bonds, ocmipying
fix pages of the Chronicle, are published on the third
Satnrdar of each month.
$1
RAILROAD EARNINGS.
Latest
BOADS.
HamingM
Weekorifo
Reported.
1891.
$
Alabama Mldl'a Jjily
Anegbeuy Vaj. July
Atob.T.AS.Fe. aawkAiig.
Half owned ... 3c wkAiig.
Total system. 33 wk Aug.
BtL.ASanF.. 3dwkAuK.
Halfowned.. 3dwkAiiK.
3dwkAuff
3dwkAup.
Tot.B.L.iS.F.
Anf. total
..
AUanta&Char.* May
Atlanta 4 Flor a Juiie
AtlMita 4 W.Pl. July
B.^CEastLines July
WesterB LIue.s July
Total
July
Bal.AO.Sonthw. 3d w.. Aug.
BaltAPoioujae July
Blr. A Atlanlie. July
Blr.Sh.&Teim.K June
May
May
BlshopBville
BlackT.Al8.&N.
Bnr.C.Rap. AN. 2dwkAug.
June
Atl.
OanadaAtlantle May
Canadian Pacitlo 4tb wkAug
Cp.F'r&Yad.Val SdwkAug,
Car.Cum.GACh. May
Oen.KK.A Bk.Co July
,
Oentralof N. J.. July
Central Pacillo.. June
Central of S.C.. May
Ohar.Cln.&Clilc June
Oharlest'n&Sav June
Char.Sum.&No. May
Chatt'n'paUnl'u July
Oheraw. & Darl June
Cheraw.ASalisb .May,
Cbes. AOUIo.... 4th wtiAug
Ohes. O.
A
8.
W
56,5-.'4
33,924
31,794
,622,940
,688,604
July
449,822
,162,673
59,901
,072,762
49.074
152,217
3,464
17,941
142,95.1
496.9-<2
.334,528
,495,162
5,608
10,667
49,831
5.699
8,713
5,369
1,126
264,967
108,287
Chic. Burl. & Q. July
1,761.495
OhlcA East. 111. 4th wkAug
92,fc00
Chicago A Erie. June
„„„„
210.131
Oilc.Mil.&St.P.UthwkAUK
Ohlc. AN'thw'n. July.
Ohlc.Peo.&8t.L. Apiil
Chlc.Kockl.&P. August
Ohic.St.l'.AK.O. 3d
wk Aug.
0hle.8t.P.M.4O. July
Ohio. AW. Micb..„„„„
3d WkAug,
Cln. Day.&lron.lApril.
Cln. Ga, & Ports, July
i
an.Jack&Mau. SdwkAug.
Cln. N. O. & T. I'. 3d wk Aug.
Ala.Gt.Soutb. 3d wkAug.
N.Orl.&N.E. 3d WkAug.
Ala A Vicksb. 3d WkAug.
Vlcis. Sh. &. P.!3d WkAug.
Erlanger Byst. 3d WkAug.
Cfun.Nortbw'n.iJuly.
Oln.Wab.AMicb.iJuly.
Oev.AkronArCol 3d wkAug.
Clev. Jl Canton.. June
Ol.Cin.Ch.A h.L. ,3d wkAug.
Peo. & East'n. 3d wk Aug.
Clev. A Marietta Jul}
Color. Midland. 3d wk Aug
Co;.H. V. A Tol. July. .
Col.SbawnecAU 4th wkAug
Colusa A Lake.. July.
Covin. A Macon. April. ..
Denv. A Kiu Qr. 4th wkAug
Des Moin. A No. July
Des M. A N' west July
I>et.Bay C.A Alp 3d wk Aug.
Dei.LauH'g ANo 3d wkAug.
IhlluthB.S.AAtI 4thwkApr.
Dulutli A Winn. July
.Tenn.Va.AUa. July
Igln Jol. vKast. June
ilx.l^i.AB.8...
June
BvaTH.AluU'plls 3d WkAug.
T. U. .3d wkAug.
Fttobburg
June
Vilnt. 4 P. .^liiru 3d wk Aug.
Florence
May
Flor. Cein.* P. 3dwkAug.
WL W. A Rl« <4r l8t wk Aug
BraiMV. 4
Oa. Car'ia a- No May
Georgia RK
June
Oeo. Bi>. AFia.. July
Oeorget'iiA W'm
May
5,581
474,069
85,895
66.338
76,670
43,453
541,000
14.139
3.402
855,521
i.563,123
53.028
,658,452
96 171
656,562
37,011
48.067
5.954
16,350
80,007
29,384
16,4.70
9,028
7,574
142,443
1,474
68,737
20,306
71,271
286.447
36,523
24,849
39,475
313,733
14.185
2.750
10,253
236.400
11,168
l.-i-lSB
8,000!
26.884'
38.035
5,907
549.179
61,748
59,727
7,303
25,949
605.779
53.015
1.753
20,011
7...60
7.770
111.286
78,074
3,787
to
Latest Dale-
1891.
!
1890
$
$
30,718
231,664 1.389.144 1.434,163
58 1 .480 19,66!J,163 18,605,211
33,574 1,055,741 1,023,347
615,054 20,723,905 19,628,.i57
132,201 4.022.924 3,828,822
32,823 1,0.J4,263 1,003.09-1
165,023 5,057,190 4.831.920
780,078 25,781.094 24,460,479
59,461
5,915
555
928
Boff.Rocli.APlti 4th wk Aug
Camden A
44.500
220,971
656,112
27,125
683,237
137.673
26,468
164.143
817,380
1890.
Jan. 1
6.383
14,819
3!'7
880
.
Montana Cent. August
Tot. system. August
Gulf A Chicago. July
Housatonic
lune
Humest'nAShen July
Hutch ASouth'i, July
Illinois Centr'la. July
Irm.Dec.AQuin July
In.&Gt.Norlh'n July
63.034
59,288
77,009
49.142
494,000 12,433,057 10,375.173
9,849
366,168
324.706
1.813
18.523
10.750
416,641
.317,760 7,839.796 7,379,779
,362,688 7,669.697 6,881.196
7,532
43.529
52.812
8,427
73,033
57,857
39,233
419.703
366,892
4.017
42,278
23,013
11.808
56.629
66,336
6,729
52,809
47,838
1,423
11,761
10,727
225,028 5,601,114 4,979,651
18b,186 1.283,891 1,119,621
,721,399 17.531.081 19,658,423
73,800 2.391,481 2,037,142
199,122 1.224,415 1,354,027
8o9,574 16,984,362 16,086,163
,461,127 14,723.479 14,671.846
32,751
210.220
127.950
,546,758 10,551.336 10,809.208
91,525 2,043.998 2.627,792
539,92u 3,875,491 3,545,589
31,626 1,060,161
977,215
42,108
6,595
36.608
35,027
13,979
454.132
409,985
83,499 2.688.935 2,718,189
37,342 1,135,334 1,185,280
16.«o9
687,487
783,9>7
10,693
367,68
402,868
9,363
345,317
338,962
159,9b0 5,244,91)0 5,429,232
1,836
11,854
11.173
55,951
373.582
334.686
16,972
588.403
523,683
5o,8i2
314,1 39
210,373
266,286 8,254.233 8,190.9.30
29,414
971.7041
905,674
2b,299
194,752
170,352
31,672 1,286,313 1,177,922
269,471 1,691,975 1..371, 134
6.144
2,680
14,115
13,089
8,146
46,546
46,368
234.000 5,314,991 5,498.869
13,021
67,607
61,831
15,091
109,094
113,441
9.044
307,272
357.348
23,991
753.690
710,732
59.738
486.196
497,631
4.2(-0
42.851
31,230
813,010 4,006,480 4,123,5U7
44,665
311.572!
271773
61,116
33<,274
367,997
6,939
209,368
179,471
21,^90
730.770
6..1,58l)
597,35ii 3,3u7,216 3.297,7i8
47,923 1,850.768 l,8;i4,572
1.399
22,239
18.840
19.319
901,689
749.911
3,303
131,342
75.553
3.835
511,2111
26.239
107.501
905.386
831.893
66,6 4
437.086
387.707
3.728
18.300
17,215
61.747
10, .'•'02
4,733
69.58i>
417,319
67,00>i
26,997
794,977
82,901
108,696
986,575
1,425,014
J'k'nv.T.AK.W. July
KanawhaA.Mieli ;:d wkAug,
Kan.C. Cl.ASp 2d wkAug.
K.C.F.8. AMem. 2d wkAug
SC.C.Meni. ABir. JdwkAug
Keokuk A West 3d wkAug.
Kingst'n A Pern. lune
Erie All. A 80 July.
Erie A West. 3d wk Aug.
49.402
29S.O00
46.861
2,369
27.715
39,8.'6
5,797
5.103
74.925
19.725
7.820
12,9c<6
5.505
65,433
36,372
11,559
513,091
36,399
34.2 20
399.325
66,470
46,463
14.058
14,844
108.68
137,349
83,642
74.00
118,4«2
50.693
14,785
146,73
206.130
164,436
7.070
171.506
Jan. 1
to Latest. Dolt,
1890
1891.
1,50.5,553 1,682,917
277.353
300,906
4,680
144,192
139.222
77,359 1,927,0>16 2,123,041
425,525 12,404,309 13,032.743
69,46< 2,332,197 2,396,131
23,790
734,994
683,302
10,9.33
720,862 5,929.379
67.426
570.743
101.052
834.566
889,339 7,334.685
2,734
20,719
130, 18
701,014
12,076
88,^04
41,100
1,280,590 9,895,415
42.213
237,063
289,000 1,984.066
48.070 1,05.'.177
2,564
20.681
13, .'65
686,7
30,a91
7,142
8,173
489,322
195,227
177,759
2,730,305
699,716
236,774
64,448
40.463
1,991.495
274,413
383,223
91,81)9
20,022
8,283
16,231
5,951
66.203
5,357.090
381,370
690,469
6,428,926
23,884
715,007
82,390
8,876,466
248,496
2,024,789
1,026.843
22.045
421.240
384,431
198.573
233.084
.'3
2,896,868
727,091
216.794
79,836
37,080
1,887.713
237.109
36.097
12,206
311,981
512,537 2,78.1,174 2,641.287
190.987
196.845
24.973
756.966
30,427
932,368
379.710 12,230.057 11,820,749
56.5971 1,730.422 1,584,295
Louis.N. AACn. 3d wkAug.
52,862 2,' .79,132 l,ii22,097
Louisv.N.O. AT. 3d w. Aug.
234.740
Lou.8t.L.ATex. 1th wkAug
14,242
294.413
49,304
100,368
Lvncbo.ADur'ni July.
9,794
865.275
7H3.316
128,367
Memphis A Cbas June
103,226 4.428.136 3.974,181
(Mexican Cent.. 3d wkAug.
64.038 2,629,747 2,342,641
JMex. National SdwkAug.
75.839 2,498,464 2,383,246
IMexican K'wa> Wk Aug. 1
Mil.L.Sh.AWesi 4th wkAug
129,310 2,287, «51 2,496,898
ANu
1,082.048 1,018,775
47,42,^
wkAug
Milwaukee
4th
66,381
77,337
11,688
Mineral Range.. July
774,891
891.823
ASt.l..
124.326
July
Minneap.
132,788 1,118,589 1,107,893
M.St.P. A8.8.M. July
162.610 5,090,261 4.882,238
Mo. Kan. A Tex. Jd wk ug
190,063
219,449
7,.597
Kan. C. A Pac. 3d wkAug
Syst'iu
170.207 5,309,714 5.072,303
3d wkAug.
Total
144,631
3,h0.i
134,806
4,524
Mobile ABlrm.. 3d wkAug.
August.
233,618 291,943 2,210.495 2,144.406
Mobile A Ohio
193,029
505.921
MontereyAM.G July
69.851
31,380
Nash.Ch.AStL.6 JiUy
530,451 341.167 2,308,759 2,050.803
118,615
28,5:ll
130,429
21,951
N.Jersey AN.Tf. June
82,907
8,-52
96,687
11.085
NewOrl. AGuli July
3,713,430 3,354,770 23,823,874 22,959.266
N. Y. C.A H.K.rf July
16.228,.301
2,818.392 2,504,124 16,604.316
N. Y. L. E. A W. July
581,826 553,150 3,142,828 3,45s,254
N. Y.Pa. AOhU. Jure
N.Y.&N.Eng.. Julv
543,619 528,905 3,464,036 3,327,201
305.916
282,074
43,228
47,688
N. Y. A North'n. .uly
87,208 1,974.360 1,547.072
94,794
N. Y. Ont. AW.. 4th wkAug
860,160
910,6831
157,705 149,799
N.Y. Busq.A W.. July
NorfolkAWest.t lib wkAug 172,737 175,168 5,790,001 5,454,754
345.000
378,442
67,316
59,117
N'theast'u(S. C.i .May.
566.194 579,890 3,741,7971 3.836,834
North'n Central. Jijy
Northern Pacltlt Itb wkAug 630,732 674.822 14.660,003 14.091,119
4th WkAug 109,5.^3
104,415 2,098,456 2,691,974
Ohio A Miss
120,700
120,582
21,327
23,326
Ohio AKottUw.. July
5,264
6,999
1.162
972
Col. A Maysv. July
414.281
417,162
wk
Aug.
River
3d
18,666
18,800
Ohio
339,836
365.733
47,469
53,610
Ohio Southeru.. August
116,201
153.423
13,976
16.188
Oblo Val. otKy. 3 was July.
260,777
179,277
36,090
Omaha A St. L.. May
48.i73
2,047,923
1,866,312
Co.
June
Imp.
326,947
385,229
Oregon
Peunoyivauia .. July
3,679,782 5,374,466 37,155,19.1 37.332,977
498.240
567,019
17,248
PeonaDec.AEv. 3d wkAug.
17,991
329,137
321,565
July
40,607
45,207
Petersburg
36,156
2.4
2,'289,387
lirie..June
447,353
468,276
Phlla. A
1,936.874 1,840,983 11,881,078 11, .302.510
Phila. A Uead'g July
9,388,844
10,316,283
IrouCo.
J
uly
1,879,103 1,795,841
Coal A
3,816,337 3,630,824 22,197,96a 21,091.354
Total both Cos. 'July
21,008
23,091
4,221
2,833
Pitis. Mar. A Ch. July
148.437
169,114
35.9S1
24.093
Fitt.8hen.A L.E. July
708.139
678.457
West'u
June
136,047 126,100
Pittsb. A
234.010
210.110
39,865
Pitts.CleT.AT.'June
46.959
133.671
135.5*23
29.125
Pitts.Paiu.AF. June
35,491
64,754
Total system 4th wkAug
58,800| 1,465,4,')8 1,455,432
809,033
600,238
July...
Pitt.Young.AA.
180,808 129,420
162,636
175.652
19,894
21,792
Pt. Royal A Aug. May...
174,026
190,648
24,230
25,064
Pt.Roy.iSt W.Car. May. ..
73.875
75,017
Pree.AAriz.Cen July...
16,831
13.957
135,143
141,?57
18,619
20,237
QuincyO.AK.C. July...
479.900 423.200 3,401,90(1 3.153,700
Rlch.ADauvlUe. July...
195,000 189.400 1,272.450 1,226,800
Vir. Mldiaua.. July. .
614,090
557,650
Char.Col.AAu. July...
86.800
73,000
466,238
477,570
53.700
53,500
Col. 4 Ureeuv. July...
535,114
581,450
81,300
72,670
West. No. Car. July. ..
1,015,476
Georgia Pac .. July...
149,000 154,600 1,073,570
74,198
79,730
14,000
14,270
W»8h.0.A W.. July...
78.327
14,900
85,878
14.500
A«hv. ABpart July...
Total Sys'iu. 3d wk Aug. 290,080 269,000 8,363,08t> 7,906,643
204.243
197,210
28,363
27,866
Rich. 4 Petersl). July....
152,517
27,181
Rio Gr'do South, August.
3d wk Aug.
53,900
43,050 1,536,177 1,063,394
ttao Or. West.
361.480 349.913 2.255,903 2,222,488
Rome W. A Ogd. July
52,i)28
54.^44
9.041
11.323
8ag.Tu»oolaAH. July
770,788
845.821)
8t.L.A.«r.U.B'8 3d WkAug,
24,670
29,56j!
76,701
St.L.8outhw'rn. 3d wkAug.
77,583 2,361,0('5 2,2 46,188
761,384
906.396
158,260 140,96)
oUPaul ADul'in July
943,617
44.571 1.006,11
S.Ant.AAr.PasB. 3d WkAug,
44,778
462.299
510 935
20.832
17.447
8. Fran.AN.Hao 3d WkAug.
174,8«
269. »S~
37,500
33.827
8»v. Aui. A Muu. July
146,009
4thwkMay
114.7. .3
lo. i50
13.138
Seattle L. 8. A
42,603
July.
56,891
13.541
11,662
dilverton
212.150
33,441
22,283
SIOUX CliyA No jJuue
797,891
930,832
112,000 104.579
South Carolina July
8 J. PaciUcCo.—
Qal.llai.A8. A. July.
313,764 312,322 2,367,040 2.260.3691
626,683
5d3,091
Louis'a West.. July.
83,219
83,237
2.892,198
Morgan's l.Ar. July.
337.131 365.120 2 9 iO, ;4
98.721
103.319
13.139
«. V.r.AMex. July,
16.893
lex. 4 N. on. July,
890.689 l,036,95<t150,274 164,819
.
Lehigh* Hud.. August
L. Rook A Mem. .)] wkAug.
Liong Island . . , August
Louis.AMo.Kiv June
tiOuls.Ev.ASt.L.
WkAug,
Loulsv.ANashv. 3d wkAug.
.
M
.
49.243
251.306
243.768
10,417.3.'>4 10,394,940
3,110.905 3.200.373
13,528.259 13.595.313
1,483,380 1,432,171
997,123
972.031
30,275
45,629
92.294
96,187
8,026
5,319
14.107
12.645
1.800,173 1,373,518
2,009,033 1,761,398
304,240
308.338
48.3.^6
*
54,346
2.8ti4
Iron Railway... July
Jack'v.Soutb't'ii 3d wkAug,
L.
L.
1890.
127,309
13,500
7,800
uh wkAug
Iowa Central...
1891
'
. .
!<,.
.
•
I
1
...
SlPTKMBBR
THE CHRONICLE
0, 18B1.]
Laletl
BOAII*.
Kamtngi
WukorMo
«
May
Col
R.
T
(uly
BUinyOL.VCMt June
Bammll Krnuch July
Lat*»t IMut.
1891.
15,8J6
19.1.58
314.315
1,272,777
109,002
18'-',401
111.903
79,654
Lvkeii" VbIIov July
Tofl both (>>'H Jul.v
T«nD. MiainiKt.. July
wkAug
999,867
3,Oi2,073
1,012.436
532.003
50.279
391.003,
568.892
13,076
12.830
7'.28.464
198,873
4,1.59.215
T«i.8.Vau!kN.W. 3(1 wk AU|;
Tol.A. A..tV M. July
Tol. Col. ACiD
4tliwk Vui
731
998
90,OOH
Sola Ohio
43.r>9ii
98.47M
9,207
3H.341
20.884
37,936
1.904
33,398
25.949
594.134
218 790
939.228
583,23S
1,183.569
3.762
158,174
Tol. P.
Tol. 8t.
PiKMtlc
Ith
Cent. Itli wK.\ue
West.. ;id wk Au(?.
A
A K.C
I,.
4th
wk Aug
ToLASo.Haveu March
Ulster A Del.... June
Onion Paoitlp—
Or. 8. L. A U.N. June
Or.Ry.AN.Co. June
Un.Pao.D.AG. June
tJo.AG'it lal. lune
Alloth. UiieB.. June
Tot.V.P.Sr*. June
Oent.Br.AL.L. June
Tot. cont'led June
Moil tuna Uu.. June
Leav.Top. A8. June
Man.AI.A Bur. June
Joliit.own'd.i* June
Grand total. June
TarmoQt Valle.v July
Wabasn
3d ff k Aug.
Wab. Cheat. AW. May
Wash, "outhero. JiUy
Weat Jersev
lune
W.V.Cen.APitt.s July
We«tVir.APttt8- .May
Westcn
of
fulT
.\\:\.
WcRL.V.Y. A Pa.
Tbeelin'tA L. E.
WIL
AA
Col.
g.
3ii
wkAug.
4thwkAug
May
Wlseonain Cent. 4th WkAug
Wrielit9v..VTen July
8.571
18.390
63,050
2,267
36,016
662,395
438,651
671,512
438,734
523.543
4e'.',600
62.8S0
1.821.260
3,447,786
51,123
3.498.909
46,070
2,476
3.118
25,832
3,524.741
18.918
303,000
3,881
25,785
131.083
8.'i.970
14,430
40.194
85,100
39,340
67,988
147,122
6.175
123.991
2.036,083
3.793,862
73.60)
3,867.466
79,980
2.247
2.999
42.613
3,910,077
19,497
277,000
4,640
21,347
124,962
88,937
8,472
36.322
77,400
34,793
65,029
149.760
6.210
5^9,.^76
S5.'>,441
1.115.0)5
U3,!»62
4.289.329
29.833
664.9 3
1,032,034
5.384
151.783
8.623,5«0
1,866.365
2,638,6)7
741.104
9.802.1:15 11.132.075
18,915.805 19.901,7.50
306,985
584.122
19,222,790 20,185,872
394.877
428.343
14.451
14,'<24
19,820
16.!»60
214,573
230,068
19,437.364 20,71.'5.935
101,481
105,513
8,256,842 8,00t.3.i9
24,811
22,V35
173,688
164,670
628,620
615,608
633,413
512,517
48.420
35,097
303,409
28«,503
2,2 10.114 «,26-',%74
832,392
758.968
443,154
433.586
3,2>>8.549 3,326.676
52.511
47.413
* Plgure.s cover only thit part of mileage looated in South Carolina
6 Western and Atlantic
• Whole syeitem, iiicluiling lovra linea.
Included in July, 1891. but not in 1890.
Includes earnings fnim
nfezioan currency.
lerrles. ftc. not fireo s^pariteiy.
'' Includes
BouiH ^Tat. A Ogd. in both rears for Jul/ and the sereu months.
<;
t
weekly-
latest
summed up
as
h
follows:
For the 4th week of August only 24 roads have as yet
reported. The aggregate of these shows a gain of 3"47 per
same week
cent over the
4(A uieek of Augu»t.
Buffalo Roch. A Pitts
Canadian Pacific
Chesapeake & Ohio
Ohlcaeo A iSast. Illinois
.
A 8t. Paul..
Col. Bbawnee A Hooking.
Denver A Rio Granue...
Ohlcaifo Mil.
Grand Trunk of Canada..
Long Inland
...
A Texas
A Hest.
Louisville St. L.
MUwaulree L. 8h.
Milwaukee .« Norihern..
!»ew York Ont. A Weat.
ortolk A Western
orthern PaciOc
1891.
1890.
%
•
63.034
494.000
225,628
73.800
809,574
6.144
251.000
48.070
122,513
14,242
129,310
47,423
87,208
Total (24 roads>
I«t increase (3'47 p.e.)..
4,431.336
4,282,646
Mississippi
A Western
A
Pacitic
Toledo Col. A Clnn
8,.i71
.
Deertatt.
*
t
22.H61
50.000
39,339
19,000
45,947
8.041
TJsnr. (8 ro«4*)
.
L.AltAT. H. Hrones
Han Antonio A Ar. Pus.
8t,
Han Francisco .k Sa. I'ao.
Tulado Peoria A Western.
TotaI(87 roads)
I'M Increase (3-03
/nCTMM*.
•
D»artam.
•
269,000
29,563
31,080
44.571
17,447
20,861
""idf
7,269,400 e,»3i,iie
603,032
347,984
p.o.)
«
"aMU
8,373
183,048
Net Earnings M'lnthly to Latest Dates.—The table following shows the net earnings reported this week. A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the late.'it statement of this kind will be found
in tlie Chbonicle of August 32.
The next will appear in
the iasoe of September
.
Rondt.
19.
Oro— Karninat.
1891.
1890.
S
S
ITet
Eamingi.
1891.
675.564
4,861,488
13.200
121,837
388.780
4.986.326
254,030
1,398,224
15,418
144.269
.
Koch. A Pitts. .July.
222,339
202,406
Jan. 1 to July 31... 1.638.067 1,178,112
Canadian Paeiflo...July. 1.680.592 1,511,000
Jan. 1 to July 3 1... 10.7 12.057 8.845,173
CUc. Burl.AQuincy..Tulv. 2,761,495 2,721,399
Jan. 1 to July 31. ..17,531,081 19,638,433
Chic go A East 111. July.
343,183
280.076
Jan. 1 to July 31... 2,072,2-8 1,740,575
Colorado .Midland. . July
173,346
155,194
Jan. 1 to July 31... 1,161.201 1,071,910
£llz. Lex. A B. 8. June..
59,727
61,118
Jan. 1 to June 30...
337,274
367,997
Louisv. ANashville.July. 1.886,791 1,545,182
Jan. 1 to July 31. .. 11,053,145 l6;672;629
Mexican Central. ..July.
637,815
431,.503
Jan. 1 toJuly 31... 4,025.153 3,660,014
Mexican National.. July.
324.943
288,724
Jan. 1 to July 31... 2,4'i3,448 2,148.863
Buff.
N.
T.Ont.A Wesfn.July.
298.165
240,083
269.448
1,542,494
858,208
6,528,819
58,311
61,1.57
484,679
405,085
640.362
2,833,736
770.676
6,362,259
•138,588
826,131
53,956
351,997
25,883
141,331
537,876
6fi2,421
3,616,944
1,130,468
6,148.082
158.954
933,067
40,091
283,795
13,728
77.945
691,201
4,059,717
180.907
3,909.668
133,202
1,194,336
38,537
423.066
39.908
246,984
1,427,958
85<322
647,592
92,840
Jan. 1 to July 31... 1,681,102 1,274,820
378,132
Norfolk A Western.. July.
760.776
749,588
278.504
Jan. 1 to July 31... 5,038.716 4,72'2,0a2 1,603,418
Ohio
A
Mississippi. .July.
356,388
Jan. 1 to July 31... 2,285,864
3'20,410
2,2sO,870
,
1890.
w
837,316
Aioh. T. A 8. Fe....Julr. 2,8:8,.535 2,417.786
Jan. 1 to July 31... 17,690,888 16,910,281 5,295,768
B'dsJ'tlTow'd(ii).July.
127,343
131,669
det.327
Jan. 1 to JiUy 31...
973.401
935,868 def. 12,881
Total Atob. STS... July. 2,945,878 2,549,455
836,78?
Jan. 1 to July 31. ..18,661,290 17,841,151 5,282.884
St. L. ASau Fran. July
384.153
655.473
242,753
Jan. 1 to July 31 .. 3,622,272 3,451,351 1,412,468
R'ds J'tly ow'd Ca) July
124,837
129,260
2.588
Jan. i to July 31..
933.761
917,568
2,170
Tot.8.L.AS.F.8v8.Jiily.
708.995
684,733
245,311
Jan. I to July 31... 4,576,033 4,368,919 1,414,638
Tot. both systems. July. 3.634,873 3,-231,188 1.082,129
Jan. 1 to July 31... 23, 240,3-22 22,215,070 6,697,522
273,164
1,493,360
92.416
693,871
76.594
615,077
—
Interest Charges and Surplus.
The following roads, in
addition to their gross and net earnings given above, also
report charges for interest, &c., with the surplus or deficit
above or below those charges.
^Inter't, rtntal*, ite.^
1891.
*
Rondt.
17.600
8,186
1,209
9,328
181
10,828
Cailo.Burl.A(}uincy.Jiily.
800,000
Jan. 1 to July 31... 5,552,00)
5.414,609
Bal. of Uet
1891.
330,468
696,082
Xami.~.
1H90.
def. 2,839
947,660
/"For the year eniing
The annual report says: "The exppnses for the rear inall amounts pail in settlement of the deplorable accident
636 at Quincy on August 19, 1890, $534,8 lO. There are still outstanding some claims unsettled, and some bills of physicians
which the directors deemed excessive
but the unsettled
claims cannot be a serious charge upon the future income."
2,638
The additions to the equipment have been as follows 8
93,602 locomotives, 25 passenger-cars and 111 freight-cars have beea
ad(led, in place of 5 locomotives ID passenger-cars and 130
shows freight-cars disposed of. The whole cost of new equipment
16,472
5.355
25.114
4,747
f
773,515
Old Colony Railroad.
June 30, 1891.^
2,431
24,090
5.138
3,894
1890.
ANNUAL REPORTS.
3,270
7,586
175,1';8
43.696
63.050
39,540
147,122
Texas
Ineretue.
425,.'i25
Toledo A Ohio Central.
Toledo 8t. L. A Kau.Clty.
ATbeeliugA Lake Krie...
Tlsoonsln Central
A
PitUburg
1890.
Miscellaneous income amounting to 92,023 in July, against 81,346
last year, not included.
674.822
104.415
58,860
198.873
9,207
38.341
37,936
31.793
149,760
Dhlo
A
*
290.080
24,670
44.778
20,822
18,390
*
last year.
85,895
544.000
264.967
92.800
855,521
14,185
236.100
417,339
46,861
113,183
14.058
118,482
30,693
94,791
172,737
630,732
109,153
61,751
182.401
1891.
I
202 603
940.115
572,775
3.702,180
2.571,133
2.474,566
365,732
.Latest Gross Earnings by Weeks.— The
earnings in the foregoing table are separately
tduttkof Autu$l.
Rich.
989.865
3,042.617
967.187
511.344
55.979
19l,.\57
5,49'^
323
1890.
•
210,405
50^,714
157.311
77.630
8.7H0
146.060
4,658
96.140
93.935
190.075
.
Texu A
1 lo
•
935.936
208.618
51S,240
154.471
82,888
8.627
143.801
Jim*
June
Aritonu Ulv.. June
New .Mei. I)lv June
i>lv. (Cal.
Bo. Ulv. (Cal.)
I»l.
Jan.
6.869.332 6.914.914
S.119.3J4 2,931.782 16.677.6 <6 15.587.586
4.051,980 3,895,742 22,611,532 21,594.710
OKo.P»c. RIC—
I'll. ,*
1890.
935,43(1
Alluiiiio »y».e July
Paoltlc RV'^u^ui .June
Ti.t»l<>f all. June
8p»r.
Stporttd.
1891.
o.P»o.Co.<Oon)
Ai»l«n
..
clude
;
:
242.292
148.690
lor the 3d week of jAugust ou r complet ed statem snt
;) per cent gain on t!7 roads.
Ktek of Auguit.
3(1
1891.
1890.
«
ri'v'lyreport'd i!W roads)
A
Top.
11
S.F. system
ItoftdsJ'tlv
-I.
Louis
Roads
u-.ago
owned ^.
A Han
Fran...
owned
A (irand Trunk.
A
142.443
20.3O6
39.47
8.009
>«.
Jac. A Mac
n.N.O. AT.Pac.(5 roads)
eve. Akron A Col
ilonKin Midland
Bay
C.
Alimua.
stroltGr. Hav. AMU...
a. Cent. A Peninsula.
cK.sonvlUe jioutliciist ..
.
inawha
A Micbmaii
'iisas C.
ill-
.lo
A Birm..
.Memiilin
^vm.
Kiick
I'ilf
137.'.75
26.468
67.008
J'tly
11.
Blroit
5,595,374
656.112
27.125
A
A Birmmgnam.
River
.
..
16,3,50
.
26,:'97
20,0 1
-7,715
5.797
19.725
11.470
3,800
lrt.800
Increate.
9
5.331.839
581, >mO
33,574
132.201
32.823
69,463
13,979
159.960
16.972
34,672
9.044
23.790
19.349
*
371,303
74,632
1.5.265
12,410
Dtertati.
•
110,788
6,449
5,474
6.355
2.455
2,371
17,517
3,334
4,803
1.C35
3,207
662
7,142
1,345
-.0,022
2M7
736
724
12,206
4.524
18.66'i
134
has been |'263,462—charged to expenses, $148,776,to improve|25,029, and to equipment account, $88,665.
This is the first time for the past ten years that any charge has
been made to equipment account for new equipment other
than that procured for the joint service of the Shore Line.
But the directors considered that this charge was justified for
ment account,
this year.
The usual dividend of 10 per cent has been made by the Old
Colony Steamboat Company, and an extra dividend of 10 per
(sent and 7 per cent has been received on the stock of the
Union Freight Railroai Company. These dividends have been
credited to the inttrest account. The bonds on which interest
has been paid were issued for the purchase of the stock ot
these companies.
During the .fear $100,000 of 4 per cent bonds, due in 1938,
have been sold at 101. and 2,000 shares of new stock have been
issued.
The premium on the sale of the stock, $123,623, and
that on the sale of the bonds, $4,000, have been credited to improvement account. The charges to construction account for
the year were $801,178. The directors have voted to make
:
:
THE CHRONICLKt
324
days of Dedividends hereafter quarterly, payable on the first
cember, March, June and September.
compiled
The following wiU show the results for two year s,
for the Chronicle
:
OPERATIONS.
1890-91.
1S89;90.
No. of passenRers carried
No of passcnRcrs carried one mile
22.395.487
o^.5
o'^i'^V?'
2-iy,iii,»07
263,.581,669
3,455,500
114,915,960
,.
Tons of frclKht carried
,,?'2QqRni
ll^,sad,00i
Tone of frelgbt earned one mile
BABNINGS AND EXFENSEP.
=,'^
,
n«i
5,960,4 39
8,376,452
6,470,274
2,059,856
1,9U6,178
8,020,295
Total
Operating expenses and taxes
Net earnings
ISCOME ACCOUST.
Receipts
—
1889-90.
1890-91.
S
2,059,So6
135,723
1,906,178
239,05 4
2,195,579
2,145,232
658,675
581,605
814,683
696.214
563,374
872,690
2,087,963
107,616
2,132,278
12,955
'
Net oarninss
'.
Interest and dividends
Total
Ditlmrseinents—
Interest
Rentals
Dividends
(7
„
per cent'
Total
flnrplns, carried to improvement account..
Rio Grande Western Railway.
CFor the year ending June 30, 1891.^
In advance of the printed report the Chronicle has been
furnished with the figures for the year 1890-91 as below:
1,421,431
Gross earnings
Operating expenses
952,787
Total
Deduct—
Interest on bonds
Reutal and miscellaneous
$
2,346,131
1,489,348
856,783
5,099
489,718
30,963
473,743
520,686
856,783
393,500
535,500
15,144
255,369
468,644
Net earnings
Other income
1890-91.
1839-90.
$
1,622.234
1,132,516
1888-89.
358,294
36,090
11,143
Dividends
1890-91.
$1,518,679
1,275,304
Netearninss
DectuH—
$370,121
$242,815
$488,199
36.313
$420,850
43,007
*571,511
$204,390
$163,857
$221,042
GENERAL INVESTMENT NEWS.
Alleglieny Valley.— At Pittsburg, Pa., in the United States
Judge Achesou made a decision in the case of the
Pennsylvania Railroad Company, the Northern Central Railroad Company, and the Philadelphia & Eiie Rrie Railroad
Company, against the Allegheny Valley Railroad Company.
The opinion was upon what terms with resjiect to the discharge of liens the sale of the franchises and property of the
Allegheny Valley Railroad Company should be made.
Judge Achesou decided that the sale should be made on the
1884, asking for a sale of the
This was filed
original bill.
road under and subject to the lien of the mortgages, which
amounted to §16,600,000. The Court decides that the purchaser need not be compelled to pay anything more than the
interest on the mortgages, and is not compelled to take up the
mortgages themsebes. The Allegheny Valley Railroad Company made no objections to a decre* of sale in conformity
with the prayer of the bill. The only objections came from a
minoiity interest of the income bondholders, who claimed that
the sale' be made upon terms discharging the lien of all the
mortgages except the §4,000,000 first lien on the main line.
In regard to the Pennsylvania Railroad's position as endorser Judge Acheson says:
"But fiuiilly the case is to bo oon-idered witli reference to the con
tractual relations botweou the Peuusylvauia Railroad Company and
the holders of the bonds of the issue of Jlarch 31,1 869. In view of its
eudorscmeut upon tlicse lionds can the company rightly a-^li broader
relief than what is hero spucitically pr.ryed fori A sale in tlie manner
and subject to the couilitions mentioned In the liiU. while ciitiroly just
to that class of boudhoidirs, would jet atl'ord the Pen sylvania Railroad Company the equitable relief to which it is not foirly cutitlcd.
Ought the company to demand more ! It is a familiar doctrine that
In enforcing the riglit of subrogation there can be no interCircuit Court,
m
with tlie creditor's securitii s until ho is fully satis(Kynervs. Kynor, 6 Watts, 221; Banlc vs. Potins, 10 Wktts, 148.)
true that the Pennsylvania Railroad Company is not here
technically a ."urety clothed simply with the imi)lied right of suijrogatlon. But its contract of purchase indorsed upon the bonds wlicn put
upon the marltet, and upon the faith of whi ch they were negotiated,
ought to receive sucli an equitable construction as will couserve the
interest of the bondholders. Looking at tlie Kirpose the parties to the
transfer then had in view, can it for an instant be supposed that they
intended that when the Pennsylvania Railroad Company was oblisred
to talce up a batch of coupons It might proceed by a strict forecbsure
ference
fled.
394,384
79,359
Total
Burplus
404,643
116,043
806,013
50,770
Alabama Great Southern Railroad.
CFor
The
1889-90.
$1,490,651
1,120,530
Interest on bonds
Rentals, &o
4,801,028
3,024,779
550,646
^'2-o'*o9
^'^.'^-^
Miscellaneous
Gross earnings
Operating expenses and taxes
Total
^'^"-Ofi
Frelglit
Peoria & Eastern Railroad.
the year ending June 80, 1891. J
(For
Deficit
1890-91.
1889-90.
Earnings from—
Passengers
\_Vou Lill.
June
the year ending
LO, 1891.^
ending June 30 were as follows
results for the years
Orosa earnings
Operating expenses and taxes
:
"
1890-91.
1889-90.
$
$
1,957,365
1,328,377
1,91>,989
1 ,362,237
628,988
40,000
580,752
40,519
Net earnings
Otherineome
Total
Deduct
668,988
—
Interest
Dividends
Mlsoellaneous
248,756
291,045
123,856
225,819
96,106
Total
Surplus
663,657
5,331
321.925
299,345
Clereland Akron
(For
&
Colninbns Railroad.
the year ending
June
80, 1891.^
In advance of the pamphlet report the figures for the fiscal
year ending June 30, 1891, are given below, in comparison
with previous years
1888-89.
1889-90.
1890-91.
735,141
593,057
£
797,890
602,092
902,535
663,155
Ket earnings
Deduct--
112,084
195,798
239,380
Interest on bonds
87,142
36,775
87 564
53,551
110,635
70,084
123,917
18,167
141,115
54,683
180,719
5«,6ei
$
Gross earnings
Operating expenses and taxes
4t
Now
it is
The
sweep away from the bondlioldors their mortgage security
Ind' rsement do not require that a construction so unreawould
it
given
It.
parties
themselves,
shall
be
The
sonalde
Why,
hardly seem, had not so understood their contract.
theu, "should an inequitable iuterpretaiion of the contract upon which
It seems to me that the eonthe parties thereto do not insist iirevail
to
I
terms of the
f
tract is to
lie
construed so as to preserve to the bondholders their
mortgage lien imtil the Pennsylvania Railroad Company shall have
fuUy performed its oliligations according to the tenor of Its cudorsemciit, and that in the meantime its remedies upon the inirchased cougons must be kept within such a limit as will elTcct that object. Surely,
owever, the company is not bound to pursue a course needlessly preiudicial to those bondholders. Upon the whole case I am of opinion
that the original Lill was framed upon tlie true theory of the equitable
rights of all the parties in interest, and that the side of the property of
the Allegheny Valley Railroad Company, which all now agree must be
decreed, should be upon the terms specitlcally prayed for iu the bill."
Bonds of the Paiiflc Railroads.— The Secretary of th«
U. S. Treasury has announced that he will receive for account
of the sinking fund of the Union Pacific Railroad any of the^
first mortgage 6 per cent bonds of the Pacific railroads that are
a prior lien upon these roads to that of the Government, anddeliver in exchange therefor United States currency 6s of liJ£6
date of maturity u|X)n the basis of an increased income to'
the sinking fund of \}4 per cent. The first mortgage 6s ma/
be delivered to the Assistant Treasurer at New York for sh^
ment to the Treasury Department, and in due time tliat offl-^l
cer will deliver the currency 6s upon payment of the suttt P
necessary to obtain for the sinking fund the additional incona
The principal outstanding of the Pacific railroads i6«|
desired.
864,623,512, interest paid since 1878 by the United States, §65^
Total, §130,082,520.
359,008.
To otfset this indebtedness tr
Govemment has in the sinking fund to the credit of th
j
Bintols and other fixed oharges
Total
8urplU8
Seaboard & Roanoke Railroad.
CFor
The results
the year endii
in the years
g June
I
Pacific railroads, §14,342,404.
—
30, 1891.^
ended June 30 were as below given:
Called Bonds. The following bonds have been called
payment
Ohio & Mississippi.— Equipment trust, series A, interest!
1888-89.
1889-90.
1890-91.
ceasing Oct.
Gross farnlngs
Operating expenses and taxes
683,488
432,740
681,619
406,352
771,572
479,944
Net earnings
Otberincome
250,7 J 8
77 476
275,267
90,349
291,628
77,146
Nos. 7,
158. 185,
288, 299,
441, 450,
328,224
365,616
368,774
Total
Deducts
Interest on bonds
Bentals.
:
82 450
Ao
»}^<ifnd«
Ulsoellaneoug
Totel.
•uiplu"!...
>::;
$
83,471
}
46,991
(
W%iti.
130:290
2,328
130,290
237,166
90,758
260,752
104,361
124,036
94,203
218,23
150,535
1,
1891, fifty-one
bonds of §1,000 each,
viz.:
16, 39, 52. 53, 57, 61, 68, 87, 90. 95, 99, 112, 121, 146, 138
192, 207, 230, 239, 210, 243, 266, 267, 270, 271, 274, 277.
L
307, 327, 331, 339. 342, 350, 353, 373, 386, 391, 393,iW».l
456, 460, 470, 498, 502.
I
Panama RR. Co.—Sinking fund subsidy 6 per cent bond»#|
dated 1880, clue Nov. 1, 1910, to be paid at par on Nov. 1, 18»1,|
seventy-three bonds of §1,000 each, viz.:
Nos 01?, 651 677, 686, 687, 693, 722, 723, 1031, 107*
.
1105,
1311,
1647,
1922,
1107,
1438.
1656,
1975,
Vi39V, 2443,
2781, 2781
1112, 1121, 1125, 1145,
1469. 1494, 1505, 1506,
1661, 1704, 1713, 1801,
1990 2032, 2014, 2063,
2452 2553, 2603, 2673,
2789 2795, 2814, 2816,
1161,
1599,
1806,
2100,
2697,
2897,
1198,
1606,
1845,
2134,
2711,
2910.
1212, 1233, Vii»
1607,
1627. 163-;
1832. 1919, 1921
2166, 222M, 2243
2732, 2741, 275;i
—
r
!^
September
5.
=^^
liVl.i
I
.
f
)
|.„ ; ii a;^
naymenta on the balance, the sellera keenitig a marttgage on tlieir properties to secure these defrrrea payinunto^
which bear a loweirjrate of ij»tere»t thaa the stock, thus the
National Cordafte Co.' is enabled to sermv the^e prnpfrrti«8
without any further issue of preferre<l
nnd
stfli keep up permanently its regular di.
itly
improving the value of its a«et8. In aniljiiou to the
properties already known to have been acquired by the
dcfenred
&
Cameron RB. boixls
circular lo tlit- liohiers ot Kansas City
and Qiiincy & PalmvraBB. bondft ma^pfaia Jap; lnl882, aiul
Ftb. 1, 1892. reipectively, offMAp^thtfTM ra Mchftri(?e HnniiiKansas City
bal
St. Joseph consolidated inortfraRe bonds.
Cameron bonds will be exchanged at lOlW and interest to
St. Joseph
Oct. 1, 1891 (equivalent to 103-75\ for Hannibal
Quincy
68 at 110 and interest to Oct. 1 (equivalent to llO-n).
Palmvra bonds w ill be exchanged at 101 and interest to Oct.
St. Joseph Ixmds
1, 1891 (equivalent to lOa'88), for Hannilml
C. Such bond* as are not
on same terms as for K. C.
exchanRed will be paid in cash at par at maturity. After the
Palmyra bonds and Kanxas City
payment of the Quincv
St. Joseph
Cameron bonds, the "SS.OOO.OOO of Hannibal
bonds will be a first and only lien on the entire 200 miles of
main line and 89 miles of branches. Annaal fixed charKos
will then be $-lS6,000, while average net earnings for past ten
years have been more than 8800,000.
&
&
'
&
&
company,
viz., the eleven mills in Canada (constiluttefc
there are), the
Sewall
Day Cordage Co. of
Boston, the Boston Cordage Co. of Boston, the Standard
Cordage Co. of Boston, the Day Cordage Co. of Cambridge, jt
has still more recently acquired the largeat concern in the
Deering
West, viz.,
Co.'s Twine Mills, Chicago
also
the Field Cordage Co. of Xenia, Ohio the MiamisUnrg Binder
Twine and Cordage Co., Miamisburg, Ohio ; the Middletown
Twine and Cordage Co., Middletown, Ohio; the Galve.ston
Rope and Twine Co., Galveston, Tex. And the few remaining are in process of purchase, which will undoubtedly soon
be accomplished. A proposition is being seriously considered
by which a finance company will assume these deferred ptir-
&
&
&
&
&
&
all
Wm.
&
;
;
Kansas CItj Memphis & Birnilnghaiu.— The funding cirfirst mortgage bondholders says
"The directors, having carefully examined the financial chase payments for new property on long time at low interest.
condition of the road, and having conferred with some of the The National Cordage Co. is thus nearing the goal that it
larger bondholders as to the best course to ]pursue, in view of originally set out to reach, namely, the actiuisition of all the
the unsatisfactorv results rot last year's business, believe it to mills in the country, and by their acquisition greatly increasbe for the interes't of the holders of the first mortgage bonds ing its business, and at the same time giving it more facility
to fund the coupons for September, 1891, and for the years for economical manufacture and distribution of its product,
1892 and 1893.
and further enabling! it to procure its raw material to the beat
"The original cost of the road exceeded the estimates, so that advantage."
•when it was completed it had no cash or surplus bonds in the
treasurv. and its equipment was wholly inadequate. lu the '.lireTf York City Horse Kanroadg.—The following reports
rear 1889-90 however it earned its fixed charges, including ifor tne years ended June 30' are as made to the Railroad ComInterest on the bonds of the Birmingham Equipment Company, jn(^^8^oi;»er84 Vfe add the 1S89-90 figures for comparison ;
Mir
Third Aventie. —>
^Eighlh Aeenue,-^
paypient of which it was obUged to assume, in order to pro ,,1
/...^
,,.,
1,,
cular addressed to the
:
i
.
—
I
,'
1889-90.
1800-91.
V
cure rolling stock necessary to the operation of the road.
"It also appears from the estimates of the President and Qroe8cartlllIgs<J.uLviB;i.iJ.HJiG47^782' 1,710,403
General Manager that there is good reason to expect in the Operatinsrexi). (e?ol. taxes). l>139,7o3 l,I8fl,3-.'4
near future a return of net earnings to the point at which they
Net earnings....... ..... 508,029
521.081
will again cover fixed charges.
132,515
OtSer incoiuo
97,283
"In the meantime, however, the operations of the year
Total
640,-544
618,366
1890-91 show a verv large deficit in earnings, which is already
Df(htef —
represented by a floating debt of about 1175,000, mainly in266.954
Fixed cliargei. ..'jl.-.-^.«Iui..; 267,248
curred to pay the coupons due in March, 1891.
"We accordingly recommend the funding of five coup6ns, BtYi4end^„.,.^,^.^i..,.„„,r. 240.000 240,000
amounting to §135 on each bond, into lO-yeat notes, bearing '*«t*;U. ii*'..S'i.'..V>.-. .0.9.'.' 507.248
306,934
semi-annual interest at 6 per cent a year upon the bond cou- Burping
133,2£)6
111,412
pons represented by the notes as they severally accrue, secured
."',"'^*iT.' T.dBarlejn.^
by deposit of the coupons with trustees, and thus coming un1890-91.
1889-00.
.\
der the protection of the fflortgagel.
"The notes will be silbstantiall y in the fo^'h^riity annexed] bperatingexp. (5^.tesfS8^ 659,276
697,375
"The equipment bondholders will not be asked to surrender
254,317
221,974
any of their coupons.
,; T^dt^rolags.[li.^:^"'lL\f
:',.':: ,71..
Ji?,142
57,388.
"The terms upon which theroad holds the eqiiipinent pur- t;!»jl»eripooine
chased with the proceeds of the bonds are exceptionally favorTotal...........
279,3^2
306,459
fible, and if any default should be made in the payment of
27,089
intferest on the bonds it would be impossible to obtain either Fixed eUarae8<.Ui,H.~.j-.«ii.; 23,651
250,000
that or any other rolling stock, except ttpon mucb more oner- pJvidejids,..,„..,.,.r-MrJT-.Tii?)^Q.000
18S9-90. 1890-91.
'
.
,
.
,
«97,000 729,305
481,677 522,752
,
'
'
.
I
1
ij
':
1.1
.
-.i
180,.ST9
185,108
37,4»3
201,487
13,064
222,638
214,5Sl
128,445
54,000
126,762
72,000
182.445
40,193
198.762
15,789
.
'
Hftrifltts :- ;a.i '?s!i i ! .
'
'
—
the bondholders by a deposit of their holdings under a bondholders' agreement with the Mercantile Trust
Deposit Co.
of Baltimore, or the New York Security
Trust Co.
&
:,ill
i
.ihnod
;;!'.'.'
^
'
5,711
t^-iI>:DocU^K.tlhtth*i'^.i^eenlhil CrotU an.-~.
.1889-90.1
1890^81.
.)a„iflia89-9Qria:9tHy91i
.1'.
:
.Gro8.s enriil'nkt,''..'.'.;.'^. 'V8*4'4l9^
Opei-. »!xp. <«Sel.laXe8) . .
309,496
..TT.r
•-..<i-.->
m?!?
iv.j
.-I
f'
r
.
28&,»30
200,984
521.808
362,557
88,946
1,774
159,231
3,311
..
.
,'805,(66
90,720
162,662
Biv1(leuds.r:v;.-;..';f;.\|.''l 'ra.OQiO' v'->'^»6,000
43.879
43,500
120,182
42,000
87.379
3,341
162,182
Total incoliie/i-..l.i^ioB«9(a4a'.
III
•
$
780,^94
523,370
'
3^
'
at less than par.
Macon & Birmingham. Messrs. Gill, Shaw & Ober of Baltimore (as may be seen by an advertisement in this issue) have
consented to act as a committee and invite co-operation among
1
.•!'.'.'.
277,080
29,370
373,651
•'i<''to«ali.';».>i.v;'.'jjl.,.;3?il'.;:)
'-Bondholders Are ri&quesfed" t6 ptVjttWtl^' €&pp8it their
coupons at the office of the coiApany, and ta'fce receipts there^
for, to be exchanged for the notes when they are ready for
delivery, of which due notice will be given."
The funding notes are a 10-year obligation issued against the
deposit rn trust of coupons of September 1, 1891, and March
and September 1, 1892 and 1898, and waiving the right t6 fore'
close for default in the cash payment of said coupons until
default in the promise of the note. The notes t)ear 6 per cent
interest, and may be redeemed on ainy coupon day at par ori
three weeks' notice, or may be drawn in part at par and paid
on any coupon day, or may be bought on proposals any time
&
95,108
90,000
210,895
11,743
•
ous conditions.
98,079
82,500
$
$
768,837 778,012
557.942 576.525
,
'
222,641
^C.PJf.aE.S.-.
t
.
233.227
1889-90. 1890-9^.
,
,
206.553
15,988
52,648
,'!,'':
.t
17,904
215,.323
'
I
,
,
'.
lari
'.
Total
Surplus,
Y'lif)
i()iil
«
ii i
i i
i
iil.i.^^
242,5W>,
:
:
n27.3«3
,.
...^
,866,162
*99,304
380
/From tills :Bur,-)lu«
paid $00,000 loan In 1889-90 and. redeemtd
$100,000 oertiflcateis of indebtedness 10!l890-9I...;:t.IJ»oUidlBg Obristopliei- & Tenth Street RE. from Mpy 1, 1890.
Niath ivenut—-^
^2rf St.1t.diSt.N.Ji.-~
,.,.!. ,.,1 ,;i
/,
''''.''•,'
1889-90.
lSsn.90.
1890-91.
1890-91.
I
ft
jiiMiu .7 i).;.,
ip
$
9
9
649,772
Qroiseamtrigs J.:.... 236,930
286,652
423,686
240,733
406,544
Oper.ex.(«xel.tax«») 109,963
^43,787
—
.
,
MetropoHtan Traction Company.—In
their Bulletin fof
Co., of Philadelownership of stock,
September, Messrs. Robert Glend inning &
phia, say This company controls, through
a number of important and profitable sti'eet railway lines in
the city of New York. The capital of the company is S2".000,000 (shares, par 5100).
No bond^, The capitalizatioji nl
the companies controlled and proportion thereof pwned by tlic
Jietropoiitan Traction Co. areshown in the following schtdul':
:
- "
Bonds.
Stock.
Broaflwav
A- H.
v.mli
TwcBty-tiiirrl >tiv,
t
iSleck
;
Ownvil
•"
bjfMeJ.
NeteanllUgS.'.....'
Other
Incodiei^i.i.ij;.-
'
86,9^7
6,027
.
43(8(65
'
;
:
,.,..,.,. H...>
t
2)lOO,OdO
300.0CO
25d,000
.500,000
8«)|0,0Q()
;
Houston W, -; m. ,v I'avouia fetry,
Broaftwny surface.
.i:'.:.-,...:..l,&iff,00O
Cli»ml.(n-Hetrc6»jliil.l.J.^'JIP.V.V«W..'l800jOOO
BoiitU Fciry
1,OOO,0QO>
Jlclroiiolitaii Cro»stovu..^,,,<..,i..| «00,000
,
a5U;00OI
690,pog;
National C'ordnge'Oa<-»-Thef.8ecretaTy of
n>ade the following stateiient;
1,400,0001 Balance
3i)O,l)0pi
i»5o,000
1,000,1)00
(iOO.OOd
teiUKiny
"Anyone famitiar with
tlie
conditicins of the isstie of otir preferred stock
knbWs
81778
143,228
2.SS9
8i;4I7
97,240
i'
I
•
120,013
Xi'tti
1,000,0(11)
80(l,0flO
t
ISi-i.OSS
;
145.567
i'.'
Pixurt'iHarW*.'.'.'..'!., •J3f),fe5'l^
8»','feX':
Divi&eudai.h9iiv<u.si ijciill^iiioiii <7..i'..<':
9
AT<mHe.i..;.;.2,X00t000
6(384
thai
ha--
-"VmY
'
Wm'
120,91»
45,074
"
—
1889-00.
Orops>Hniin|^..').ii....j..'>lri.4iwJ-bM.<i>l.i'.i<-.i-ii$7ISp07;0
Pfleratip g sxp|ifffl9fl.i. .j ,„-^ . .,„,j. .^.f .»,.„,,.-. .._468j931.
0^iertar(niit.'i.;ii.aUi..'iaJ.J.u.,ltl.^I.,I..'{UjJ..v;
24,^9
SiiUt AfetiUf.
,4,171
tli"
wr
cannot place any oblijtations al)ead'' of our stock; Ih Imying
outside properties; rather than pay *ll cash, which might interfere with the payment of the regular dtvidends t-n itsi Dividends.....^.... A. ..:.-..,,^f.,.t.,„f„l.«->itli^02^
stock, the company has preferred to pay part cash and make
•55,210
Surplus for year
.
1800-91.
$71 8.808
491,221
$a27.«77
4.095
$23?,d63
68.000
J42.50O
$22,163
:
THE CHRONICLE.
326
followNew Bonds nnd Stocks Authorized or Offered.—Thesale,
or
offered for
is a list of new issues of securities now
aoon to be offered
AI3EBT Lea, Minn.— $.1,000 boBds are authorised.
AMAHEIM, Pal —*200,000 irrigation bonds Bids will be received till
Oct. 6 by B. V. Garwood.
k „,i„ h„»
Bexak Countv, Texas.— *240,000 6 per cent court bouse bonds, due
20 Tears, are offered.
^
^ ^
are to be
Bbntoh Hai)bob,Mich.— *50,000 improvement bonds
DBBis. N, Texa8.-*110.(i00 6-30 sewer bonds are autborized.
in
,
Bkhvkr Land &
Waer
for subscription
Stokage Co.-*4-25,000
Friday Night, Sept. 4, 1891.
week has been marked by an
the cold and storms which have recently pre-
The weather
„j
issued.
KMOXViLLE,'TEiiN— $500,000 30-year 5 per cent improvement bonds
.
I.,TUN. Mass.—*200.000 sf wer bonds are authorized.
NorthTriiy,Yt.— $14,000 water bonds are authorized.
till
Norwood. Ohio.— $5,000 sidewalk bonds. Bids will be received
Sept. 21 bv W. E. WichKan. 137 Walnut Stieet, Cincinnati, Ohio.
autliotized
are
Orange, N. J.— $4 80,000 sewer bonds
Salisbury, N C— $.' O.rOO improvement bonds are offered.
St. Paul, Minn.— $50,000 hospital bonds have been authorized.
WiNOHA Bridge Co., Winona, Mibh.— $400,000 bonds aie to be issued.
Norfolk & Webtem.— Application has been made to the
New York and London Stock exchanges to list 40,000 shares
of preferred ttock •£ the Norfolk & "Western Railroad, being
:
1891.
Pork
Lard
the last of the 85.000 shares offered to the shareholders in May
Some 25,000 shares of this amount were subscribed for
by the stockholders, and early in the summer 20,0. lO shares
more were sold to a syndicate. The Philadelphia Press says
The present block of 40,000 shares was disposed of a few days
ago, and it is reported the London syndicate paid about 50 for
The proceeds of 30,000 shares will be expended on the
it.
construction of the Ohio extension, and the balance of the receipts will be used in retiring the floating debt, which
amounts to about |3,500,000, and in betterments and improve-
Coffee, Rio.
Coffee, other
Ooffee, Java, dec
Sugar...
Sugar
Sugar
Melado
Molasses, foreign
Molasses, domestlo
ments.
made
toward inducing the large foreign holders of this stock to
agree to an exchange of the common stock for preferred at
ol the 4's per cent loan will be received at the oflice of the Secretary
of the Treasury for continuance with interest at the rate of 2 per cent
per annum, has been extended until further notice, and the circular of
July 2. 1>-91, under which said bonds have heretofore been received
for continuance is modified accordingly.
"The interest of 4'« per cent on all the bonds of said loan will cease
this day, in accordance with the terms of the circular of June 2. 1891,
but bonds presented for continuance under this circular will bear Interest at the rate of 2 per cent per annum from September 2, 1891."
Secretary Foster said that the extension of time for
continuance of 4}^ per cent bonds is made because of
the fact, developed by correspondence, that some holders of
the bonds, through absence or other causes, have been unable
to present them for continuance within the time specified in
the former circular.
The Washington press dispatch says: " The amount of 4V
per cent bonds continued at 8 per cent under the circular of
July 2 is [Sept. 2] $23,554,000. Of these bonds $3,546,900
were held by individuals and $20,007,100 were held bynational
banks as a basis of circulation. There are still $1,580,650 i}4
per cent bonds held by about fifty national banks to secure
their circulation, nearly all of which will probably be presented for continuance at 2 per cent because, being now "noninterest bearing bonds." they are no longer available as secu-
bank circulation, and if not continued at 2
per cent will have to be replaced by 4 per cent bonds. Otherwise the national bank circulation which they represent will
have to be reduced accordingly,"
Winona & Sinthwestern —Trains have begun running
regulaily over the new bridge which spans the Mississippi
Eiver at Winona, Wis. The construction of the bridge was
begun August 1, 1890, by the Winona Bridge Railway Co a
corporation controlled jointly by the Chicago Burlington
'&
Northern, Green Bay Winona & St. Paul and Winona &
Southwestern.
The cost of the structure has been about
f450,000. The bridge has four spans, and with the approaches
is about 2,700 feet in length.
It forms the connecting link
between the Green Bay Winona & Si. Paul and the Winona
Southwestern, the latter being the road now in course
of
construction from Winona to Omaha, and is now completed
and in operation from Winona to Osage, a distance of 113
miles. The Green Bay & Winona Road is owned mainly
bv
the people who control the Delaware Lackawanna &
Western
and forms one of its Western connections.
rity for national
&
'
—An mterim dividend proportionate to the dates of nav
ment upon the shares of the New York Belting & PackineCompjny, Limited, has been declared out of the earninirs of
the conpany up to July 1, 1891, at the rate of 8
per
ner
annum on the preference shares and 10 per cent percent
annim
on the ordinary shares, payable at the office of August
mont & Co on and a/ter October 1, 1891. Transfer RpI
books
close at the Knickerbocker Trust Company
September 9 anH
"
1891.
bbls.
and
,4.')8
89,-49
35,788
39,271
7,076
17,60.1
3,737
None.
685.037
None.
Non*-.
59 1,322
None.
(63
603
16,000
426,800
129,288
19,8fO
15.000
439.7(10
138.274
19,(176
2,3.5
1,24<!
8,130
60,155
25,607
45,540
152,159
49,179
50,000
923
None.
215,223
None.
197
5,000
381,200
17,666
23,434
1.787
402
bags.
31,200
900
plfgs.
300
30,000
210
17,050
2,240
None.
10,260
96,000
6,707
8,900
93,570
bales.
bales.
bales.
Backs.
None.
Niine.
21,5'
.66,(100
20.500
68,000
2,707
2,707
14,000
1J0.500
1S,< 00
I33,4tO
Lard on the spot has been improving, and today was quite
active at a urtlier advance, closing firm at 6'65o. for prime
City and 7-30(«7'35c. for prime Western, with refined for the
Continent quoted at 7'25(i.7'65c. The specul.itiou in lard for
future delivery gained strength in sympathy with the dearer
corn market, but to-day was active and buoyant on the report
that Germany had removed, or is about to remove, her embargo on tiie products of American swine.
UA11.I OIXiDlNO PBIOBS ur I.A1U> FDTnKKS.
8ai.
Turt,
Urn.
VrA.
Thnr.
Fri.
6-95
6-99
September delivery ....o. 6-91
7 04
7-30
711
o.
October delivery
6-9S
7 00
70t
7-30
7 US
715
o.
7 03
November delivery
7 10
714
7 17
7 25
740
7-22
716
December d livery
e.
718
7-50
7 2^
731
7-27
7-32
7-32
o.
Janua -y delivery.
7-42
7-62
7jS
I
ing circular in regard to the continuance of the i}^ per cent
bonds:
'•Public notice is hcr«by given that the time within which the bonds
1,
hemp
Flonr
1
62.375
1890.
Sept, 1.
493
bags
Jutebutta
Manila hemp....
United States 4 1-2 Per Cent Bonds.— At Washington,
September 2, the Secretary of the Treasury issued the follow-
41,161
137,721
44,992
bags.
I^mseed
Saltpetre
Bisal
bales.
20,0.il
41, 90
bales.
bbls.
bbls.
bbls.
Rloe, E. I
Rloe, domestic
—
19,.'i81
bbU.
No.
Tar
the rate of three to one. If this plan is carried out it will
leave the company with only one class of stock.
Pacific Sliort Line. The sale of this road advertised to
take place this week at Omaha was adjourned, owing to the
Court not being in session. The date of sale will probably be
fixed for about October 10.
1S,482
50,2HO
2
tea.
bags.
bags.
mats.
hhds.
boxes.
bags, &o.
hhda.
hhds.
Hides
Cotton
Roiln
Bpinta turpentine
I.
hhds.
bbls.
Tobacoo, domestlo
Tobacco, foreign
:
rtnain cksed until October
1891.
Avg.
Sept. 1.
last.
reported that satisfactory progress has been
for the past
abatement of
vailed, and the temperature has risen throughout most of the
United States, but in the Northwest it has been quite cold
again, causing sooie anxiety and giving rise to unfavorable
reports regarding the belated corn crop. General trade shows
a moderate improvement, and yet cannot be called active.
The export of breadstuffs continued on a liberal scale, favored
by a considerable decline in wheat.
The following is a comparative statement of stocks of leading articles of merchandise at dates given
stocli is offered
Full particulars are given in our advertising
are to be issued.
[Vol, Lin.
She C^0mmercM "^imts.
COMMERCIAL EPITOME.
tog
It is also
3
:
Pork is firmer but quiet. Beef and beef hams have declined.
Cut meats are more active and firmer at S}4 "^ 8%c. for medium weights of pickled bellies. Tallow is easier at 4J^c.
Stearine firmer at 8i^(a8%c. Oleomargarine advanced to 6%
@ 7c. Butter and cheese are without decided change.
Coffee on the spot has further declined under weaker
foreign advices, and No. 7 Rio closes at 16c., and on
that basis the business for to-day was quite active, the sales
reported amounting to 9,000 bags, with rumors of further
large transactions. The speculation in Rio iiptions has been
unsettled. To-day a buoyant opening .on a demand to cover
contracts was followed by a sharp decline. The close was
barely steady, with sellers as follows
.1500c. November
September..
13-I5c. February
12-750
.14'OUo. December
Ootober
13-0'.o
March
12 70e
January
l:i-85o.
a decline of 40(380 points for the week.
Raw sugars show no decided change, closing at 8c. for fair
refining Muscovado and 3 7-16^3>^c. for Centrifugal of 96
deg. test. The speculation in futures has been dull, cloeing
at 3-34(a 3-40c. for October and 3-26ca 3-30c. for December. Refined sugars are rather firmer and fairly active, the demand
being stimulated by the larger consumption caused by the
excellent fruit crops. The tea sale went off at steady to firm
prices, although the offering was much larger than of late.
Kentucky tobacco has been quieter sales thus far this
month are unimportant. Prices are about steady. Seed leaf
continues to be freely offered and the market is active. Sales
for the week are 4,325 eases. Also 700 bales Havana, 70c,@
$1 15, and 250 cases Sumatra, $1 90ia |3 25.
Refined petroleum is quoted partially lower at 6-45c. in
bbls,, 8*20c. in cases and 3-95c. in bulk; naphtha, 6-75c.; crude
in bbls. 5-55c. and in bulk 3c. Crude certificates have materially declined, selling to-day at 60J^c. down to 57i^c., the closing price. Rosins are quiet and steady at $1 a5itt|l 40 for
strained. Spirits turpentine has advanced; the demand has
improved, and the supply is moderate, closing at 873^(a38c.
|
I
I
—
I
;
Wool is without feature.
On the Metal Exchange
Straits tin has declined, and closes
quiet, with a single sale to-day of twenty tons at 20-07i^c. on
the spot. Ingot copper is quiet, but well held, and Lake is
quoted at 12-30c. for September.
Domestic lead is again
slightly firmer at 4-60c.
The interior iron markets are with-
out
new
feature except it be that better cash prices can be
for future delivery.
had than on orders
.
..
8l!PT£MDBa
i,
FiUDAT, P. M,, September 4, 1891,
The Movkment op the Crop, as indicated by our teleKranriH
(rom the South to-niRht, is Riven below. For the week emlinii
this eyeniuK the total receipts have reached 54,43.> baleii,
•gainst 31.439 bales last week and 17.391 bales the previous
week, making the total receipts since the 1st of Sept., 1891,
53,991 bales, aurainst 78.800 bales tor the same period
1890,showinKa decrease since Sept, 1, 1891, of 45,869 bales.
at—
Qalreston
El PttSO, dtc.
New
Tua,
lion.
Sat.
IW.
Thun.
Wed.
3,215
4.373
5,281
1
Orleans...
Mobile
2,706
5,120
343
789
428
762
We
&
On
4 at—
Sept.
Shipboard, not eieartd—/or
Other
Franee. Foreign
4.738
0.766
None.
None.
None.
1.000
1,107
.361
None.
Noue.
None.
None.
None.
None.
None.
None.
None.
None.
525
2.833
1,650
Charleston
Port Koyal.Ao
127
284
Sew York
7.7,50
1,550
Other ports
3,300
None.
1,500
&,00()
10,344
Total 1891...
26,754
1,997
2 978
5.694
37.473
206,898
742
Total 1890...
Total 1889...
34,366
100
18,919
4,428
1,000
3,047
10,473
8,379
46.429
34.773
46.244
43.262
48
15,080
3,41S
1,410
403
814
302
1,643
2,234
136
141
742
274
1,012
33
11
Wllniin)?ton
Wai4i'gton,&o
Norfolk
50
10
16
120
5
5
West
189
123
50
119
160
16
164
Point...
139
522
178
742
SO
N'wp'tN'«,4o.
67
38
274
28
57
96
6,499
12,590
1.550
None.
800
None.
None.
21,021
48
2,568
2,619
1.041
1,700
Total.
dim.
933
Stock.
43,134
10,037
11,962
2,106
5,094
4.144
117,917
12,51*
2,797
Bnin8w'k,&o.
Coast-
447
tarannah
Onarleston ....
Mool.e
iforfolk
Florida
Savannah
'
Leaving
Great
Britain.
ITew Orleans...
Qalveston
Total.
3,066
2,167
327
In addition to above exports, our telegrams to-night alto
{ive us the following amounts of cotton on Hhipl>oard, not
add similar tlgures for
Dieared, at the ports named.
!few York, which are propiirud for our special use by MessrSt
Lambert, 21 lieaver Street.
Jarej, Yale
ol
\
2,949
«
s
THE CHRONICLE
I'iOl.l
COTTON.
Receipts
8
,
971
S2S
1^2
264
23
226
200
200
None.
1.800
9.826
The speculation in cotton for future delivery at this market
for the week under review has been attended with unusual
The struggle between the bulls and
activity and excitement.
bears for the control of the course of values was at times extremely heated, and the flucluations frequent and wide; but
the acfvantage remained with the bulls. They were aided by
adverse crop accounts from official sources, not only from the
Department of Agriculture at Washington but from the local
23
Baltimore
" bureaus " of several States. These, going abroad in ad cap12
16
70
116
12
rbUadelph'a,Ao
tandum form, without due explanation, threw the Liverpool
6,898 9.455 6.292 10,346 54,435 mai'k't into the greatest excitement, and finally started up the
Total! thU week 7,522 13,922
goods market of Manchester. These, reacting upon us and
For comparison we fiwo the following: table showing the leading to an active buying to cover contracts, were the main
week's total receipts, the total since September 1, 1891, and causes of the advance. The bears could do nothing but point
the stock to-nitrht. compared with last year.
to the excessive visible supply and the dubious state of affairs
on the Continent, asserting at the same time that adverse
Stock.
1890.
1891.
Seeeiptt to
On Thursday,
crop accounts are greatly exaggerated.
Since Sep.
Since Sep.
TAt*
Sept. 4.
a weak, unsettled opening was followed by renewed buoy1890.
1891.
1890.
1891.
Week.
1,
Week.
1,
reports
that
wave from
the
a cold
ancy
on
moving down upon the cotton
19,961 the Northwest was
21,141
22,636
Galveston... 21,021
12,811 26,040
threatening
a renewal of
unfavorable
crop
region,
59
ElPa80,&c.
48
59
48
9,595 accounts. The market to-day was very unsettled, January
7,203 10,453
8,836
49,623
New Orleans. 15,089
9'15 and 9'30c.; opening lower,
2,317 options fluctuating between
Mobile
3,418
2,281
3,111
3,094
3,703
under sales to realize, in the face of a sharp advance in Liver2
Florida
2
recovering
and making a further ad7,537 22.084
19,165
13,512
19,749 pool; quickly
Savannah. .. 10,344
vance on the reduced crop movement; but finally declining
742
742
2,849
350
Bruns., &o.
2,349
of support, of which the bears took advantage.
601 12.704
10,958
14,564 from lack
Charleston ..
1,012
2,305
Cotton on the spot advanced J-^c. on Saturday and Monday and
P. Royal.Jkc
Yesterday there was a
1 16c. on Tuesday and Wednesday.
120
76
3,949
Wilmington
4,492
2,566
5,811
further advance of },ic. To-day there was a further advance
5
6
3
Wash'tn,&o
3
of l-16c, middling uplands closing at 8 ll-16c., an advance of
742
587
Norfolk
4,479
5,944
4,032
4.611
^c. from the lowest figure of the season.
971
684
507
West Point.
5,258
4,035
The total sales for forward delivery for the week are 918,600
228
178
46
250
230
HwptN.,4o
bales.
For immediate delivery the total sales foot up this week
63
182
127,742
13,240
WewYork. ..
4.692 bales, including 2,009 for export, 2,683 for consumption,
264
3
Boston
1104
5,000
1,800
3
in transit. Of the, above
for speculation, and
bales
23
23
Baltimore. ..
6,563
358 were to arrive. The following are the official quotations for
Fhll'del'a,4to
226
98
80
1,246 aach day of the past week August 29 to September 4.
2,478
New
York
63
29
76
—
—
—
—
TotaU
54,435
32.991
92,589
78,860
244,371
92,673
In order that comparison may be made with other years, we
give below the totals at leadinsc ports for six seasons.
Seeeiptt
at—
Oalv'Rton.Ac
Hew Orleans
Hoblle.....
Savannah.
Oharret'n,&o
WUm'gt'n.Ao
Vorfolk...
Point, Ao
Al others..
Wt
1891.
1889.
1890.
21.069
15,039
3.418
10,344
1,012
125
742
1,199
1,437
26,099
10,453
3,703
22,084
12,704
4,495
4,611
5,506
2.934
1888.
1887.
18,587
9,289
3,955
20,709
2,583
10,924
2,573
1,485
17,738
4,200
24
35
1,061
1,014
2.041
24
147
229
1886.
19,965
13,867
2,2 i7
26,432
14,515
3,243
2,021
1,207
1.930
20,265
5.803
294
11,155
3,270
195
328
157
1,114
rot. this week
54.433
92,589
57.452
39.164
85.437
42.581
Wne«8ept.l
32,991
78,860
31,621
39,164
100,956
34.341
The exports for the week ending this evening reach a total
of 18,66.5 bales, of which 14,59.5 were to Great Britain, 801
to France and 1 ,28& to the rest of the Continent. Below are
the exports for the week, and since September 1, 1891.
Wetk ending
JVrm
Sept.
Stpt.
Exported to—
Export*
/rotn—
Grtat
Brit'n. 'Voiw*
1.
Sat.
.»lb.
itriot
Good Ordinary..
iiaw Middling
nrlot Low Middling...
,
Middling
non Taea Wad Th.
5»8
«»i«
6l»i,
5\
A
7'i«
6H
8>4
718
714
7'9
8I4
87i«
938
vilddUngFalr
IOI4
10%
lOhg
Fair
I03|
lO'e
10
9
Gkiod .Middling
Strict Good .Middling.
GULF.
Ordinary
Strict Ordinary
flood Ordinary
Strict Good Ordinary.
Low Mlddliug
Strict
Low
Itlon
61|«
6I3
738
73,
63, g
S^
6\
808
8W„
,
,
StnotGood
8"i«
Hlddllng Fair
8TALNEO.
7%
8>i«
87.,
8=8
93s
8>«
8>i
Sl'>«
91»1«
11%
ll»i«
Til.
65„
6 'is
631
678
7»i«
7»g
8
7%
8 Ms
73*
ion 18
1038
6»4
8%
8^
83t
8i»i«
91,
9"„
101,
lOUie
117
Alon Toaa
Hat.
7"ie
Taea Wad
9»8
9»i,
9'*ia 10
lilll,, 1013, IO'b
IIS1. 11^1, 113«
Fair
Tht
7l5i.
5i. II
97i«
9'»i«
.Middling.
e^l»
7'i«
7»,.
6U„
63g
Middling...
Middling
Oood Middling
6i«
8i<
9U.
958
10>«
9=>18
Sat.
.yib.
6
8»„
838
9>s
9i»
,
Vrl.
5''»
5''«
6>i
616,4
i?i«
9i«
8'8
9l3n
103,6
ll'lS
11»1«
Wed Tb.
9''8
10>4
1H«
11»»
Vrl.
1891. to Sept. 4, 1891
Oood Ordinary
Bxported to—
OonM- Ibtal
Unat
^lA. Wert. Britain.
UPLANDS.
Ordinary
Strict Ordinary
Oqpd Ordinary
Strict Gooil Ordinary.
OonUtwnt.
.»lb.
IVitaJ
Low Middling
Middling
538
6
6>8
6'8
7
5»,e
S'l"
7'18
71',
713,
7''8
3^
5»8
6V.
7%
«•»
7'4
7'3|t
8'18
8»8
OalTeston
New
Orleaat.
3,S01
4,301
400
MABKET AND
3,391
SALKS.
HOb.&Penc'U
BXI.E8
larannah
SPOT XAHKBT
CLOSED.
Bmnswlck
Charlflitoa
....
OP SPOT AMD TBAHBIT.
Saleiof
Xxport.
Con- Spee- Trantump. ul'Vn til.
Total.
Futurtt.
WUminctoD...
Saturday Firm at ^ adv..
Monday.. Sieady al >* adv.
Norfolk
WMt
Point...
40T
Tuesday.. Steady at
R'portNws.Ao
Hew
York..
Boston
Wed'day
Thursday
.
10,080
807
11.760
•,6*S
7,377
vn
Friday. . .
1
2,009
1,123
221
393
457
232
i,.
ad.
Steady at i,k ad.
Dull at >« adv..
Quiet at 1 is adv.
221
393
457
222
267
88,000
189,200
187,800
158,000
168,500
125,700
4.692
9ii,eoo
3,132
'.'.'.'.
267
Baltimore.
TDtaL..
nu«(l«lp'a,&c
Total
Toui.
lg»o..
U.&SS
31,018
i.aos
m>
is.ses'
g.613
S4.T88i
17.781
1*.76<
11*
17.»
3,009
3,683
....
....
Tbk Sales and Prioes of Futcbbs
are
following comprehensive table:
shown by the
w
^
:
;
II
Friday,
Monday,
Sales,
Tuesday,
Sales,
Sales,
Sales, ThiM-sday,
Closing Prices
(closing Prices
Closing Prices Sales,
Wednesd'y,
Closing Prices
Closing Prices
Closing Prices
paid
paid
paid
paid
total
total
total
total
total
total
li
Aug.
paid
Sept.
paid
(rang
(rang
(rang
(rang
3;
;
z:
:
to
Oct
©
<!
eg
1
QC
1
1
»;
s
1
:
1
1
1
1
1
1
1
diii
2
"^
1
HC-.M-*
^o
^ y§
o
o
«
a
er:
ts
1
t
1
:
1
1
g
1
«:
:
>
'^
ffiC--^
&?*:
1
^f
OS
<
*
CtO"-"*
ai»;
1
i
1
i
1
o-it
2
it.OiM'^
*-*.
"<
>
5
OCCE
»
XO
K^OI-'''
1
1
9.":
1
XX
15
1
1
®?>:
1
-i^d
XX
x<i
CO'
2
XX 5>
1
2
to-
1
10
V
If^
CO
1
to
IOJoOm
5
2
XX
cits
ox
XX
aP;
1
sr:
MX
wo
»o
u to
00
o
1
WA
(ii=:
d°u.
f-ix'-'u>
e*.-^:
1
2
WXM-'
0(i
:;
®p;
"S'r
s>
00
*>*'.
i
w
.,5
cc-
»
Xl»»-
•^
1
sN:
1
ei";
a.®;
coo
IjwW2
1
o-j 2
aoico^
e?';
1
9.":
C C '^ etsoo
OCK®(«
00 X
CO ^ 00 ^
M
|J-W
9 ll-lO »
0i
»g 5es f':> XOt
a.-^:
Ul
«»co 00 CO
©
(U Qt ®
t-i-^K
ceo <i ow
c» !? 00 >;
Ci.ii
^
no 2 xo
u 9§
O«t0
CJi
1
1
(4-
c;i
"^
1
§
o
o-xcto
o 0TO®W
|C-
"^
1
a.®:
0000
oi 0<
ss
00
OO ^ 00
COT © c*.
cacjo
^0
ai-
-
CO
ar:
^ 1^
1
ar:
1
CB
"•
1
»»=;
2
1
*.'-:
1;
o
cooo
o
S*^:
MijOti
2
t-iM
0<1
1
1
e.'^:
0000
co«°w
CO M
>
5
00
ccti
00
1
8 *-i
—
a
1
<i'^
a?=;
OOCO
(COCO
OX
1
*
SM
M
192,000
163,700
193,2C0
1,282,000
Total European stocks
India cotton aHoatfor Europe.
12,000
839,000
68,000
13,000
6,000
92,673
21,418
7,723
614,700
55,000
37,000
1,000
73,035
19,205
521,200
50,000
30,000
13.000
181,718
19,933
2,670
t>
N!
23,000
10,000
211,371
51,616
201
631,000
253,000
23,000
211,371
54,646
201
3,100
27,800
6,000
300
300
700
15,000
71,000
3,000
11,000
3,000
3,000
91,000
3,000
45,000
6,000
10,000
3,315
233,000
98,000
13,000
92,673
21,448
7,723
216,000
9o,000
37,000
73,035
19,205
3,345
170,000
96,000
30,000
184,748
19,933
2,670
1,214,218
545,814
473,585
503,351
215,000
18.000
162.000
42,000
10,000
311,000
23,000
91,000
68,000
6,000
213,000
22,000
73,700
55,000
1,000
116,000
15,000
97,200
50,000
13,000
t
k
K
447.000
1,214.213
532,000
540,841
367,700
173,535
321,200
503,351
1,661,218 1,077,811
811,235
824,551
esSjd.
5iai,d,
lO'igc.
Londonstock
OoBtinental stocks
India afloat lor Europe
Egypt, Brazil, <fec., afloat
xox
,
<.od
1
Total East India, &0
Total
f
»
ti>
s?";
i
^l-
CCQDOX
£
'^
50X
»
>i
)=*.
»
'
h-,-
XbO
1
M*.
>
1
a.-^;
er:
1
^
g
J
1
(D'^'-Qp
•3
i
fei
-q
>1
OOCO
iF-
00
MO
5'
2
"^
000
OOOffl
lf^"=lll
toco*- to
ar:
1
4iiifd.
8 iigc.
PriceMld.Upl., New York....
)gg" The imports into Continental
"
ai*;
^-x
1
»<
^^C5
a M XO Oi
© wo X
00 >5 00 ^ 00 ^ ©CD >
9 cow s cote a
xo
oco ^ MO 1 MUI
1
ports this
week have been
The above figures indicate an increase in the cotton in sight
to-night of 583,374 bales as compared with the same date
of 1890, an increase of 819,933 bales as compared with the
corresponding date of 1889 and an increase of 836,667 bales
as compared with 1888.
AT THE INTERIOR TOWNS the movement— that
is the receipts
1, the shipments for the
stocks
to-night,
the
and
the
same
items for the
week and
corresponding period of 1890 is set out in detail in the
following statement.
See item ^'Cbantreis tu Cotton Tables" on paf 330.
.Z2Cffln;wc-rHfoaoxotoi>p>.HO<;ocooca!:sSFS20
QO-
for the
week, and since September
P
^B
E
i?t
O p p
o
.»:?;
k
»«;
CJI
0000
ll%c.
10»8C.
3,000 bales.
5'
1^
51:'. hd.
—
•»!
fe
a."";
1
Price Mid. Upl., Liverpool....
12
-g
CKQDOX
K.CO
ai=;
""I
CDXOX > ^
=?s=?
ciO^
MIoOm
to
X lOCfl <I 66®(6
coco
on
g
00
KM
OM
1
1
-I
to
1
Go
*'
00 ^ OX >
MO 1» CO »
MO
mS
^
1
'
CD
6'^°d
CM®--'
i»i
CCGC®*^
CtO
«<:
s
American
Total visible supply
to
5^1
3
t'
«»;
"^
si^:
"^
<lC;i
©*=;
CO
CCC£0«
'-' 0*1
a
:
OOCO
lli
doO-c.
OM c
-q
ar.
1
a.":
ooco coco
cio,0,i ccpu^co
XM
UC;i
1
S-":
ti-
01
1
en
X
1
ajo;
(lu.Ou,
0,
-J.
1
1
•
OOCO oooo
aco
s.
h;ive
u. for
5.100 Oct. for Dec.
300 Dec. for Jan.
I.OOO Nov. for J»n,
500 Dec. tor Feb
1 ,000 Oct. for Jan.
100 Sept for Oct.
100 Oct. tor Mch.
M
MO V
CO 00 a t- w
00
oc^ioo OiC^xcOeCMO
OCCCOOCOCOIOW'C
& w u> a cc -J o
CJI
CO*
cjt
O«0C(C
c tCM
ICW X
? », ^
» 0.
a «l 5
If^
H-
;
OT *»
Xm
MX
IC 01 >- r-
QnW»t'<IlOCD
COCO
to-]ocrta»otf»-M<i
toxic
1*^:
wc ^o M
X X M 0: c; «: (P w
<i
cr.
xc;»iUQccn:cc>-
'
'
«;
<
?
"
:
S
1
1
«:
tf
;
CDOQO
J?ii
MC.
<.,
;
:
bean
<a
1
13
c
^1
01
to
dariu.;
MM MM
KiOO
M Oi Vl M w o m'm mIo w
C W'jSW
o f' *- cc to 01
O O O CiUC to c
C CO
GC tl
yt
0;
X
•
CD
C!i
1
00
cii-^
wrirtij
rffc
**
.T'-I'^^
i->
f--
— OI
torowci—
c;»'rf^w
'
c?coit»
CJiXX OOO'-tOOiO'-OOiCiCH'-'CCX WCIOO
<itcc;iOO'(:;ao oo^oo
000^00—
ciwQOtO
;
are this *«ek"8 return"
M
^ i^ i^5'
CpM 10 MCix
to to tf^ 0; M
c: <i o;
cut^v m VIo'^ *- o:
to^-WMMO:o:x-qcj:oi'-'CjtccGi o:ocoo'boioxt*-to-j
©00
OOO*3-^MO<JCCt0tc<Jr-X-4XC0TW0:--3rf*'»-OKO»-tfi'^W*'
•85 pd. to exch. 100 Oct. for
Mch
•20 pd to exoh. 100 Sept. for Dot
16 pd. to exch. 200 Oct. for Nov
•71 pd. to exch. 100 Dee. fqr
July
2.2 pd. to oxch. 300 Nov. for Jaii.
•97 pd. to exoh. 200 Sept. for
Apr
•53 pd. to exoh. 200 3opt, tor
Jan'
•15 pd. to exch. 100 Oct. for
Nov
•la pd.to exch. 1,000 Dec. tor
Jan.
iaftoat
too;
OSOJ-
*?
The Visible Supj>LY OF Ootton tp-mght, asioade up bv cable
and telegraph, is as f ollo'ws. The Continental stocks, as well as
those for Great Britain and the
axooiotccc W
COCJiOOtOO
s w:
.September-December, for December. 917,30iJ; Septembef'
January, tor J.inuary, 2,260,800; September-February, tor Februarv
1.539,100: September-.MarcU, for March, 2.117,600; September-Anrll
for April. l.ol2,40J; Septeinber-M.ij. tor May, l.80?,9.) i;
SeptembBr
June, tor June. l,610.30jj Septemjef-July, for July, 1.552.8 "j.
100 Sept.
Oi-
h-CJMfcOIC;
»1
3S2.701);
The foUo.viag eschauges
(**«:
1
10 to
'^
a®:
C5WH-ro
»-•
^•JCO^XWO
6:
00 >
5 00 ^
MX
"It < V
5
»
"
-IM
0.
1
coco
1^
1
00 ^ 00
*.|fc
-^
:
Ski
it>.jt>.
• Includes sales in .September. 1890, for SeptHmber,
228.300- Sentem
ber-October, tor October, 319,300; September-November, for N'ovemh«i-
•06 pd. to exch.
regular.
•30 pd. to exch.
.1 1 pd. to exch.
.at pd. «i) exch.
.2.1 pd. to exeh.
.10 pd. to exch.
.19 pa. to exch.
64 pd. to exch.
300
Total American
Mast Indian, Brazil, ttc—
Liverpool stock
"^
8.«;
1
rf-
X
0000
1
a.w
1
If^
,
:
6<».
1
ci*
(C
1
OO M xo
00 ^ 00
a
cc o -l-4®d
xo
ccrf*
«
«»
»»
?! <
x^ 2 X » a^i ^
»
tv
415,000
»
ao<
xo
"?•-?
OOCO
'
."^
1
"I
1
....
1
a*-;
1
tf^
.10
fc
t^
sp;
1
1
ri^
oo >
<l^l
wo
1
1
S" oooo OOCO 0000
o Ulo
o
o O-j*01 dd^N)! WCJiOcJl
O^ f XiU
CO **
a
Total Continental stocks
20.000
Kl'Jt
5
"^
»*-
a.-^:
1
1
»f>>
!£|
Wtt-®W
-
>,
CJirfl
X
000 xooo
*2*
>^oi 6c«6
c®o
V>
-i
to
>
00
^ ox ^
^-M a CO 2 00 »
XUi
oto " ex
1
tjO^^
!;
IK
"^
**o
1
(0
331,000
bales.
Liverpool stock
Continental stocks
American afloat for Europe...
United States stock
UnitedStatesinteriorstocks..
United States exports to-day.
l^tt°CO
ilf
1
481,000
2,600
19,300
6,000
7,000
181,000
10,000
75,000
8,000
15,000
647,000
3.800
23,000
1,000
200
3,000
106,000
3,000
12,000
1,000
3,000
d^i.OOO
I<
1
CO
O ^o to»oo
o lici'^Ki
O
V
2
'^
a°^:
1
IC
^-X
867,000
3,700
1,661,218 1,077,811 811,285
821,551
Total visible supply
Of the above, the totals of American and other descriptions are as follows:
xxox xxox 1
"^S"^
c-.c;<
1
Total Great Britain stock.
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock atG
Stock atT
M
ft
a>
8)a.-.
<?g
I^M
U'O
^
5
XX ^ XX 5 XX >
OO 2 MXM-<2 cno "
«.";
316,000
15,000
Egypt,Brazil,&c.,afltforE'r'pe
Stock in United States ports..
Stock in U. 8. interior towns..
United States exports to-day.
1
>
»» ^ 00 >
; 00 5 XX § XX ^ XX ^
f»
00
»
toM » ICO ® CO 2 ox 2 xcc
^
cxo'^
OMl^-"
OHOO^
o;c<i-'
Ki^a-'
s
»
«D
50
ar;
1
It-
O
2
"^
a,";
M
oxcx xxox xxox XXCX xxox
xx^x dx*-j
d-j°a OiCJi°OI
6o®x
XM
CO w MX
XX ^
ox ^ XX 5 XX 5^ XX
i
1888.
159,000
22,000
Amer.cott'nafloatforEurope.
<1
xcx
>
5
a?>;
1
1889.
021,000
23,000
S.
ffi
15
£
».OMl
>
5
to CO
'
do>
ox
1
M
xxox
xxcx
=
1
Ift-
1890.
819,000
13,000
1
X
XX
toio
00
1
ii^
1891.
bales.
ff
®^=
1
i
1
1
X
o
So
o ®C o»c« 0000 xoox
O ^^^^^ ^^•=6 00=6 xe®x ^6®ob
o
1<1M to
01
coo
HiCti
»-ts
CO
1
''
is;
:
1
a d ° <1
*'!
0-
C!0
t^O
u^*
®:
X ?
,1
^
X
!>
g
1
XX 5 XX 5>
cici
2
#.M 1
MM
ei»:
sf
xouo
xxox
^^,0^
lAC'cl
Ui
MM
>
XX
XX 5
o
XCLOX xxox
o CCC®(X XX®-j
UC M incji o
1
s s «
c-t^
1
i
OW
21)'
oc
!*»
;
xoo
b
CCOD
CO
1
>
5
a.*^:
ODCKOOO
>
10
ai:
wo
*+*:
w ^W
og
E
< oo>^
t»
s
1
1
>
O
2 w
1
1 *i
i^s
=
k
the United States, including in it the exports of Friday only.
See Iteui " Cliannea 1 1 Cotton Tables" on uage 33U*
29-
h-
-a
00
(range)
X
xmm|2
•-08S
t»'
i
^1
©
o
31—
(range)
-2-.
.
la.oi
»
—
S
1
X
o
1—
2
3,
».
,
Vol. Lin,
Stook at Liverpool
Stock at London
Sept.
1
;
'
Aug.
Sept.
4-
WW
.
and consequently all the European figures are brought down
to Thursday evening.
But to make the totals the complete
figures for to-night (Sept. 4), we add the item of exports from
Saturday,
Sales,
ill
il
Sept.
O
;
THE CHRONICLE.
328
d
'"
'
01
M
10
to
wo
'
;
OlOO^'
MQc'f^uloa'
C
rf*
*. 1^ lo o»
XMCCi-WCO
bSXVhO'b;
GD*^
MO^tOtO lOCVlMM*^
COC: COCJ-CCXi-IOOm;
OCM-JtOXlO^CDXtO
C)X< iKtOCO-^tt|UaX< QO ^ CJf CI 1^ M Ot <) CO rf^ 01 kO CR CD
•
l3
XW
o
*^^
R-S'S
re
s-
§
M' w»4
*.i:
QQ.]-,
'
Mi-<j;
<j(Uit
)fk.O03
MMioi—tna3«t^Ma:
XfluisviUe fisiu'es " net." in both years.
t-ThlB year's flpures estimated.
'
<s»
':•!
(t.
OtCPtCOWM-JXtDC^'M
^SiCC»l-©rf^OnP».^a.
5s
.
.
.
Sbptiubir \
.
:
.
'
THE CiHKONlCLE
18U1.]
329
YftkratB Bkpobts by TELRfiRAPH.—Our telegraphic adThe above totals show that the interior stocks hare increased
during the week 311 bales, and are to-night 84,576 bales more vices from the South to-night imlicate that the outlook is on
than at the same period last year. Tlie receipts at all the the whole less favorable. IJrought has caused damage in portowns have been 31,08-1 bales less than the same week In.st tions of Texas, and rust, shedding and worms are doing harm
year, and since Sept, 1 they are 17,411 bales less than for the in some other sections. The rainfall has Ijeen light
a rule
same time in 1890.
and picking has made good progress.
Oalveaton. Texas.— The weather hag been dry all the w^k
(J0OTA.T1ON8 FOR MlDDU-VQ COTTON AT OTHER MARKETS.—
Below we give closing quotations of middling cotton at South- The thermometer has averaged 81, ranging from 74 to 88
Rainfall
during the month of August four inches; and one
«rn and other principal cotton markets for eaih day of the week
hundredth.
OLOSINO ^DOTATIONS FOR MIDDLINO COTTON OMPalestine, Texas.— There are some reports of boll-worms
Week eruting
Sept. 4.
but the crop is good and picking active. It iias been showery
Wednet.
Thnri.
Satur.
Jfon.
Tu»$.
Fri.
on two davB of the week, the rainfall reaching six hundredtlis
Oal veil ton.
svt
8ii«
8%
of an inch. The thermometer has ranged from 62 to 92
8«a
8>ii
»h<^
New Orleans
8
8
SVj
8>a
su
averaging 79. August rainfall three Inches and forty- four
7l»,«
m
7H
Mobile
Savannah...
Wlliiihigtou.
Hattiiiiore...
Phllailelphla
Aii*fHBta., ..
8
8»a
8
9^
3J4
3
8
8>9
8^4
8
8',6
SVt
8^
1\
8%
7%
8
8
8
H^
84
8'4
838
7:^
7 '9
7 '8
1\
7'8
814
3'4
..
7%
7%
7's
7!li
..
8
8
IH
7%
7''8
8'>9
Meiuphls ...
St. L011I8....
T'a
8
7^8
71I18
7Ja
7H„
7>'i«
738
7'8
Norfiillj
Borttoil
Clnetuuatl
LoulsvlUe.
7l»i«
7«j
Charleston.
8I4
8I4
Hifl
a
8»a
8>4
8'8
8
8>8
8>4
8>4
83e
8
Huntsville, Texas.— We have good rains on two days of the
week, the precipitation reaching one inch and thirty-five
hundredths. Crops are excellent and picking makes good
7-1i
SH
8%
'
hundredths.
8l8
R
Average thermomettr 79, highest 96, lowest 62!
progress.
August rainfall four inches and'nine hundredths.
Dallas, Texas.— The crop prospct throughout the State
has become much worse during the past fortnight. The renewed reports about caterpillars are not worth serious consideration, and the alarms about boll worms are worth very
But the trouble comes from drought, which
little more.
8
8-4
.8>4
HM
838
The closing quotations to-day (.Friday) at other important
b^
Southern markets were as follows:
rapidly impaired vitality, arrested growth and caused rust,
Aiaanta
Ltttte
Kock
Newberry
8
8lie
TH profuse shedding, and premature opening. Making due alColumlius, Ga.
7!|»»''9
MontKomery
8>9
8
Raleigh
lowance for gross exaggeration, there is no doubt that much
Columbu8,Ml88
Nashville
T'9
Selma
8'e
damage has been done. Some sections will make as much as
Eufaula
8>4
Natchez
7^41
S'la Shreveport
Receipts From the Plantations.— The following table can be conveniently picked, but the universally brilliant
indicates the actual movement each week from the plantations. promise of last month has disappeared, and the yield for the'
The figures do not include overland receipts nor Southern State will probably be less than last year, despite the inI
I
.
J
.
|
I
I
they are simply a statement of the weeklj
plantations of that part of the crop whicl
Anally reaches the market through the outports.
See item "^Chanire» In Cjilton Table»" on page 33".
consumption;
movement from the
Wtth
Receipf at the Portt.
1889.
1890.
July 31
»11
Auk. 7
1,010
'•
U
'•
21.
"
Sept. 4
1
1890.
0.1&8
7.848
7.330
3.606
1.419
S,766
1889.
6,850
1891.
e«,610
S7,«6«
58,865
7.486
6,789
7,890
6,8flS
42,810; 31.429
7.207
8.727
11,979
62,976
52,001
67.4621 92.68S' Si.436
19.205
21,448
66,024
l,40fi
e.ssa
87,T09
...
88
St'lcat Inferior Toiunt. Rec'ptt
1891.
14,295
7.88J
17.881
8,984
—
1889.
from Piuttna
1890.
1
1891.
»1«
778
41»i
«,J62
1,096
948
8,830
6,349 16,898
29,229 46,826
67,895 100,884
3,503
17,004
30,i55
54,tU6
The above statement shows: 1. That the total receipts from
the plantations since September 1, 1891, are 33,089 bales; in
1890 were 85,857 bales; in 188"9 were 57,370 bales.
3.
That, although the receipts at the outports the past week
were 54,135 bales, the actual movement from plantations was
—
51,616 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 100,884 bales and for 1889 they were
^
67,865 bales.
Overland Movement for the Week and since Sept. 1.—
statement showing the overland movement
for the week and since September 1. As the returns reach us
We give below a
b.v telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given.
This weekly
publication is of course supplementary to the more extendetl
monthly statements. The results since Sept. 1 in the last two
years are as follows:
1891.
September
4.
Week.
Sept.
1.
Since
Week.
creased acreage. Rain is badly needed, but if it does not come
very quickly it will, at this advanced season, do more harm
than good. The weather has been dry here all the week except for a woithless shower of thirteen hundredths of an
inch. The thermometer has averaged 82, the highest being
96 and the lowest 68. Rainfall for the month of August
eighty-one hundredths of an inch.
San Antonio, Texas.—
are needing rain badly. Picking
is active.
The thermometer has averaged 81, ranging from
66 to 96. During August the rainfall reached sixty-four hundredths of an inch.
Luling, Texas.— Crops are very fine and picking active.
It
has rained splendidly on one day of the week, just as needed
The thermometer has ranged from 63 to 100, averaging 81
Rainfall during August two inches and fifteen hundredths
Columbia, Texas.— Dry weather all the week.
Rain is
needed, but not badly. The crop is good and picking makes
good progress. Th^re is some childish talk about caterpillars
and boll worms. Average thermometer 79, highest 93 and
lowest 66. During the month of August the rainfall reached
one inch and sixty- four hundredths.
Cuero, Texas.— The weather has been dry all the week
are needing rain badly, as the plant has ceased growing
and is shedding severely. The thermometer has averaged 80
the highest being 98 and the lowest 83. During August the
We
We
reached one inch and thirty-five hundredths.
Brenham, Texas.— There has been one good shower during
rainfall
the week, but not enough. Planters in the bottoms talk about
and those in the uplands are alarmed about boll
worms. All of which is wide of the mark in view of the fact
that drought is doing a great deal of harm everywhere.
Belton, Texas.— Dry weather has prevailed all the
week
are suffering for rain dreadfully. Picking is progressing'
but the yield will fall below last year. The thermometer hM
ranged from 69 to 98, averaging 83. August rainfall four
hundredths of an inch.
Weatherford, Texas.—The crop continues promising, but
there is a good deal of complaint about boll worms, Picking
is progressmg.
Dry weather has prevailed all the week"
Average thermometer 78, highest 94, lowest 63. Rainfall for
August, five inches and forty-one hundredths.
New Orleans, Louisiana.
have had rain on two days of
the week, the precipitation reaching twenty hundredths
of an
caterpillars,
We
1890.
Since
Sept.
1.
'
im>eit—
Via St. Louis
Via Cairo.
Sli
Via
Via
Via
Via
Via
2,120
439
310
200
221
146
Hannibal
Evansville
246
92
87
301
700
4,149
2,15y
Loiils\ille
884
Cincinnati
other routes,
6321
&o
Total ^ross overland
JDeduct sh ipmeiUs
Overland to N. T., Boston, &o.
—
Between
Inland,
towns
from South
8881
interior
<&c.,
90
28i
636
1,0(51
952
1,157
3,197
1,002
.......
Totaltobededucted
Leaving
3
total net overland*
.
movement by rail to Canada,
The foregoing shows net overland movement this year has
en 8,197 bales, against 1,003 bales for same period in 1890.
Including
Ill
SigH
Beceipta at ports to Sept.
Set overland to Sept. 4
4
Week.
1890.
Since
Sept.
1.
Sept.
3,197]
11,000
Total marketed
Interior stocks In excess.,^.
47,188
Came
Since
Fee*.
32,991
Southern consumption to Sept. 4.
98|
,
1.
78,860
l.OOf
10,000
89,862
6,997
into slitht daring week.
Total in sight Sept. 4
'
1891.
^d
Spinners'
lakinya.
47,286
96,859
gorth'n spinne rs ta k'gs to Sept. 4
It will be seen by above that there hai come into
sight .since
Sept. 1, 47,386 bales, against 96,859 for same period
of 1890. i.
-We
inch.
'
The thermometer has averaged
We
80.
Shreveport, Louisiana.—
have had rain on four days of
the week, the precipitation reaching one inch and seven
hundredths. The thermometer has averaged 76, ranging
from
•
60 to 91.
'
Oolumlms,^ississippi.—Ra.m has fallen on one day of the
week, the precipitation reaching twelve hundredths of
an
inch. The thermometer has ranged from 54 to
90, averaging
(5.
August rainfall, two inches and forty hundredths
Leland Mississippi.— It is generally admitted that the cotton
crop in this section will be shorter than was anticipated
fifteen days ago. We have had rain on on^ day of the week,
and a cold ram has just wt in. Tlve'ry rain at this season is
claimed to be injurious. Rainfall for the week ten hundredths
of an inch. Average thermometer 74i highest
91, lowest 61.
Rainfall for August three inches and fifteen hundredths.
Vicksburg, Mississippi.-There has been no rain all
the
week. The thermometer has averaged 79, the highest beine
87 and the lowest 70.
Jlferidtaw, Mississippi.— Cotton is opening rapidly and
pickmg is general. There is some shedding, but the crop
& an
average one in this section.
Little Rock, Arkansas.— We have had rain on two days of
the week, the rainfall reaphing eighty-three hundredths of an
mch. The wea»he» 4» noTf cool and rather unfavoraUe for
'
THE CHRONICLE.
830
The thermometer has averaged
eotton.
75,
Shipments for the
ranging from 58
*<»87.
,
J * v^
be
fl«/ena, ^rfcan»a«.— Prospects for crops are claimed to
rainthe
week,
the
of
one
day
lightly
on
rained
has
It
poor.
The therfall reaching twenty-eight hundredths of an inch.
mometer has ranged from 54 to 85, averaging 70. August
rsiufall four inches and iifty-two hundredths.
Memphis, Tennetsee.^Tho cool weather cf the past two
weeks has caused rust and shedding, and the crop condition
has deteriorated fully ten per cent. Uplands will make as
large a crop as last year, but bottoms less. The stalk in bot-
f
Great
Britain.
•
I
Caloutta—
1891
1890
Mhipments since Sept,
fseek.
Continent.
vou LIU.
Great
Britain.
Totat.
1,000
1,000
2.000
8,000
1,000
3.000
8,000
1,000
3,000
8,000
5.000
2,000
2,000
5,000
7,000
2,000
2,000
Continent.
1.
Total,
1,000
1,00«
1,000
2,00O
8,000
Madras—
1891
1890
others—
1891
1890
All
2,000
3,000
1,000
toms looks healthy, but is not well fruited. Cotton is opening Total all'
1891...
8,000
3,000
3,000
1,000
4,000
5,000
rapidly on uplands. We have had rain on two days of the
1890...
16.000
7,000
•2,000
3,000
13.000
9,000
week, the rainfall reaching one inch and twenty-one hundredths. Average thermometpr 72, highest 88 and lowest 54.
The above totals for the week show that the movement from
During the month of August the rainfall reached three inches the ports other than Bombay is 8,000 bales less than the same
and eighteen hundredths on seven days.
week last year. For the whole of India, therefore, the total
Nashville, Tennessee.— There has been no rain, all the week. shipments since September 1, 1891, and for the corresponding
aad
being
84
highest
the
averaged
has
68,
The thermometer
periods of the two previous years, are as follows:
the lowest 52.
EXPOKTS TO EUROPE FROM ALL INDIA..
Mobile, Alabama.— Ciop reports are less favorable. Rain
has fallen or three days of the week to the extent of one inch
and sixteen hundredths. The thermometer has averaged 78,
ranging from 64 to 90. During August the rainfall reached
three Inches and eighty hundredths.
Montgomery, Alabama.— Theve has been rain on two days
of the week, the precipitation reaching thirty-four hundredths
of an inch. The thermometer has ranged frem 67 to 91, averaging 79.
Selma, Alabama. The weather has been clear all the weeK,
and picking is progressing rapidly. Average thermometer 77,
•• ighest 94 and the lowest 65.
Auburn, Alabama. There has been but little change in the
condition of crops. Rainfall for the week seventy-eight hundredths of an inch. The thermometer has averaged 78'6, the
highest being 87 and the lowest 61.
Madison, Florida. Telegram not received.
Columbia, Georgia. There has been rain on one day of the
week, the rainfall reaching eijjhty-three himdredths of an
inch. The thermometer has ranged from 66 to 85, averaging
During August the rainfall has reached five inches and
75,
iiity-eight hundredths.
Savannah, Oeorgia. We have had rain on four days of the
—
—
—
—
—
week. Average thermometer 75, highest 85 and lowest
Augusta. Oeorgia. — The recent contitiuous rains have dam65.
1890.
1891.
1889.
Shipments
to all
This
week.
Ekirope
from —
Bombay
All other ports.
Total
Since
This
Since
This
Sines
Sept. 1.
voeek.
Sept. 1.
teeek.
Sept. 1.
1.000
8,000
1.000
4,000
5,000
16,000
9.000
5,000
21,000
2,000
9.000
7,000
13,000
4,000
8.000
ll,000! 20.000
'
ALEXANDRIA Receipts and Shipments.
—Through
12,000
arrange
&
we have made with Messrs. Davies, Benachi Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
ments
Ateraiulria. Egypt,
Septeml>er 2.
1891.
Receipts (cantars'l
This week....
Since Sept. 1.
1890.
12.000
12.000
10.000
5.000
This
This
Since
ueek. Sept. 1.
Exiions (bales)—
To Liverpool ...
To Continent
2,000
1889.
teeek.
5,000
5,000
Since
Sept.
This
Since
teeek.
1,
Sept.
1.
1.000
1,000
1,000
1,000
1,000
1,000
aged crops in some sections, but generally the condition is
good. Rain has fallen on two days of the week to the extent
3,000
1,000
1,000
Total Europe.
1,000
1,000
of forty-two hundredths of an inch. The thermometer has
A caatar Is 98 pounds.
averaged 72, the highest being 86 and the lowest 60. During
This statement shows that the receipts for the week ending
August the rainfall reached eight inches and ten hundredths.
2 were 10,000 cantars and the shipments to all Europe
Charleston, South Carolina. We have had rain on four Sept.
days of the week, the rainfall reaching two inches. The 3,000 bales.
thermometer has averaged 76, ranging from 70 to 85.
Manchester Market. Our report received by cable to-night
Stateburg. Sovth Carolina. There was rain on the first from Manchester states that the market continues strong for
three days of the week, the remainder being partly cloudy. yaras and firm for shirtings. Stocks of yarns are decreasing.
The precipitation reached one inch and seventy-three hun- We give the prices for to-day below, and leave those for
dredths. The thermometer has ranged irom 59 to 81, averag- prevtous weeks of this and last year for comparison:
ing 68'5. Rainfall during August eight inches and seventy-
—
—
—
—
Wew Orleans
Above low-water mark.
Above low- water mark.
Above low-water mark.
Above low-water mark.
Above Iow-wat*ir mark.
Memphis
HaahviUe
Bhreveport
ytoksburff
Sept. 3, '91.
Sept. i,'90.
Feel.
4-8
Feet.
4-4
9-3
4-4
2-7
10-3
10-5
3-8
4-8
16-9
CSOTTON Crop Ciboulab.— Our annual Cotton Crop Review
form about Thursday, the 10th of
September. Parties desiring the circular in quantities, with
will be ready ia circular
their business card printed thereon, should send in
their
orders as sooq as possible, to ensure early delivery.
India Cotton Movbment PRok all Forts.— The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Sept. 8.
See item "ChaiKra In Cotioa Tables" on tbU pace.
BOMBAT KBUEIPI8 AKD SHIPMENTS FOB ROUB TKABS.
Shipments
this week.
Tear Great ContiBrtVn.
nent.
Total.
Shipments since
Great
Britain
Continent.
ir
1891
1.000 1.000
1890 1.000 4.000 .^,000
1889 1,000 6,000 7,000
1888 it.OOO
2,000
1,000
1,000
1,000
l,0O0
1,000
3,000
Sept. 1.
Total.
1.000 5,000
2.000 3,000
4,000 4,000
1,000 3,000
Since
Sept. 1,
3.000
2.000
3.000
3.000
According to the foregoing Bombay appears to
show
•'o^Pared with last year in the week's receipts of
S^n?^!!*?'"
^,000 bales and a decrease in shipments of 4,000 bales
and
the shipments smce Sept. 1 show a decrease
of 1,000 bales
movement at Calcutta, Madras, and other India ports
for
Ae-Iast reported week and since the 1st of
September, for two
Tears, has been as follows.
"Other ports^ cover
or voyion,
Ceylon
Tuticorm, Kurracheeand.Coconada.
^e
w
d.
d.
6H »7'e
«% a738
14«i3iaa7i,,
" lliev <»7»8
" 2S 6'8 »7ia
Sept.417
tTH
,
5
d.
4i«
SH
8
9
a.6 11
'6 10>«
«7
«7
44
4',,
4'<19
1
4''8
d.
d.
8»g
8»8
858
Sin
8>9
838
«8'8
t»8ia,,
n.
d.
6
6
5
37
®7
d.
4>s
5
md.
Vplds
d.
8'li«
611,8
-B?
5
6il„
»7
4i3ft.7
5
3
4i«a7
3
6S«
6»,«
6'»I«
6
5
6
6
6
5
»8»i
•»8»8
a.
5
wS'a
»8%
OoU'n
lis.
Shirtings.
Twist.
d.
47„
8>««R 10
9
'5
s.
Mid.
Vplds
8»«i*6 10.
8k
32* Cop.
Changes in Cotton Tables.— We have made a number of
changes in our cotton tables this week to which we call the
attention of our readers. To begin with, five new towns have
been included in the interior towns movement, the table now
covering thirty-one towns, or all those making regular weekly
reports, and the division as between old and new towns has
been dropped. The statement of visible supply has also been
changed, the stocks at all the interior towns now being
included instead of only a portion, as heretofore; this has
rendered necessary the revision of the figures for back years,
90 that the comparison may be correct. The same addition to
the interior towns table of new cities has also made it needful
to revise the
Receipts.
This
Week.
riy31
AUK. 7
lbs.
Shirtings.
Twist.
d.
also received by telegraph,
hewing the height of the rivers at the points named at 8
o'clock September 3, 1891, and September 4, 1890.
Cotfn
8U
32« Cop.
60.
The following statement we have
1890.
1891.
eight hundredths.
'H'ilson, Aorf/i Carolina.
It has rained on one day of the
week, the precipitation reaching one inch and twenty-five
hundredths. Average thermometer 73, highest 83 and lowest
weekly
totals of receipts
from plantations for
Finally, we have adopted the American
previous years.
cotton season as the one to be herpafcer covered in our statements of Judia cotton movement, thus making all our cotton
tables conform to the same twelve monthd September 1 to
—
August
81.
Jute Butts, Bagginq, &c.
—There has been a pretty active
week under review, but
orders have been mainly for small lots for shipment to the
South. No changes in quotations are noted, the ruling prices
at the close being t>%c. for \% lbs., 6!^c. for 2 lbs. and 65^c.
for standard grades. The market for jute butts on the spot is
business in jute bagging during the
very quiet.
bagging
Holders ask
qualities.
l'20c. for
paper grades and l>ic. for
»<
:
Septkmbbu
6, IHVI
THE CHKONTCLR
I
331
has continued with reirnlsritv, nerertbtlnM In eonia
THK FOI.hOWlNd ABK THK UROSB RBOKIPTS OW OOTTON At late. Trrlgailon
loe ilitliM a eertitn dimciilly In wiitcrluir has Iwen ni|inrleo<ied.
New York, FtiMtoii, Philadi^lohia and Baltimore for the pant distant
U la ex ectrii rial that this sltiiaMoti will stdl ennllnue sniiic dajr*
week, and ainoe September
1,
1S91.
longer, Iwcaiiie Ihe Nile ha* not r'seii during July a< much as wa« at
Drat utpeeteil. Worm
In smalt quaatity, have 'liown themsdve* in
most of the distrle-sot Lower Egypt, but without doing anyappreolii|i
nbled imago
to thn preB<-nt. From the above 't app ars that th«
,
>*«w rniiK.
Sinx
/rom—
Scpl.l.
wttk.
PBILADILPH'A
BOITOV.
Sinca
utik.
S<»(. 1.
vetk.
Sinc<
a<pt. 1.
Baltimob*.
8«»(.
1
1,S4T
4.440
N. Orl««nt.
T«z«a
8»vann»h.
1,413
1,038
TBH
04
40S
7BS
VlriitnlH...
18V
10
«S
Thin ro»r
LuMt vear
!<,lS2....Merra. 1,C0l ...Servla, l,X:)2....Wlsc<mslu,I,lH3
7356
0.825
Memphis District Crop Report.— Messn. Porter
ft
Macrae
of Merapbi-t issued on September 1 their report for August on
cotttm in tlio Memphis district, summarizing it as follows
>iir r.nHlar monthly rciiort on the cotton crop for the MempblN (1t«
tiict, aluo tli<> Stnw of Texas, f« made u
from 740 repllen to our lettern
or ln<inlry sent out uu August 21lh, lucludlDg thlny-Kix towus throughout Tixaa.
AUKAN8AS—Tlie weathor up to Aiigiist 20th was t.ilrly favorable,
but shuw that (1<it« 1' has hern too c-oM and the plant hat p«uiiiie"Odl
tu Alx-d. and In seme ]dnrps to an alarndng extent. Ttif^re U iniicli
complaint of the plant not being as well fruited aa the &ne stalk woul
Indii'ati'.
The damage ho far is piluclpally from rain and rui-t and that
from worms just ('(nuineecing. Imt nearlv all agree that the liitrh condition of one month a(;o has been lost, and that much depends upon the
•
>
1
worms and
frost.
.M1-*SH81PPI— Like Arkansas, has declined very mmch In the past
ten ilayn. and espedslly since the 24th han declin>'dmoi'e. The weather
on the whole has been nnfarorable. and osp:<etally conduoivo to worms
tne (last week, and now these pests are nearly general over the State,
and we have lopo t« of all. the boll, army and leaf worms, but they are
Just starling on their work, a'ld It will require three weeks before we
can esUmaie anywhere near the amount of harm from them. The
damavre so far Is about lOpiroent from rain and rust In the Delta
and drought in the 11 ilards, b'lt the latter only in localities. Thenl.-t
eonsiiiirable complaint of shedding (m"ch in >re than usuall, an like
Arkansas. s!iy the i>lanr is poorly fruitel and not in propnrti'n to the
stalk,
t'loking has comiueneed In a limited way, and will be general
In two weeks.
Ternessee and North Alabama ar> decidedly the beit of the Memplila
district and nearly up to last year's high standard, but all the poor
accounts from thesi' two States came In tlie last two days, which leads
us to believe that the unfavorable wenth-r has started their crops on
the decline. A few worms are rein>rted In tne nelgtibcrhoods of
•
Krownsvllle and Alamo, Tenn., Athens,
WHS made. The tojiort as a whole we think docldedlv oorer than
last .veir and it do s ni't ooiipare favorably wi'li the same dnte in
l'S9 but much depenils upon the damage the worms do lu the next
two weeks and the Urst killing frost.
East India Crop I'eorpects.— The following Is fromMessrs.
Gaddum, Bythell & Co.'s report, dated Bombay, July 24:
prospects have rtecifled'y improved during the week, and
were expecting a famine are now getting favcraiile we -tiler. The Oomra districts have nil ah>pg been the most favored witii
suitable weatuer, and the rniii they hare had np to now is snlHclent to
carry on the p' ants tor some time to come; indeed, a spell of One wether now wonlddothc crop good, and allow of weeding operations being carried on. Broach districts i ot rain varying from Ave Inches to ten
Inches at illfferent stations, and the crop Is now doing we'l. Bhnwnngjor and Dhollera districts have had a steady downpour of rain, auil
sowing will now go on vigorously. Matters in these districts were in n
most <riiical state, wlilcli this timely rain has relieved. Pengal is still
In a had way, and althoi'gh some shi wcrs allowed of siwliig bi-irig
started, no rail- has since fallen, and oiop prospects here are bad. Tukiiigthe crop all roenrt, there la a great Improvement in general condlilou
ou p'evlous estimates.
Tlie
til
It
Bombay
Prices Current of
same date
savs:
The
rain which fell abundantly here after the mi Idle oflast week preTailed also ovr a portion of the cotton area, and tic ollicial telegrams
to hand on Monday reported i further fall In oi ery district of the Ooiu
rawuiteecircto where the cotton plants were flonrl-hing. nrnspects at
Barsee having much improved. In tbn Bengal cin le, however, hanlh
half an inch of rain had been registered in any district »lnce the middle
of the prov'oua week and althouch cotton-sowing hal begun at Agra,
Unail noi commenced at ''awnpore, sud ral was much needed every
Where. At Broach the weather was unsensoiiabl- only H'Z cents oi
rain had fidlen aim e the date of the last telegraphic advices, and the
eotton plants required more; and throughout the Uho'Icra circle rain
was much needed generally, only a few cents having fallen at Dhollera
Itscll a>,d Bliownugt'er since tlie previous Wedticsdav. and cotton s iw
Ing had not commenced, the fall in tiic Dhidlera circle having been
ughter this si ason than in any other part of the cotton area.
Mesn'ime. however, though there has been little or no improvement
IB the Bengal oircl •. to day's telegraphic return reiwrts a fall of rain in
every (tistrlet ot the Dhol'cra circle, ranging from S9 <ents at Bhowniigger to •.''>'il s. at Wad wan, lea ling to a gri>at iinprovemr nt In prospects generally. At Broach al"o there had be. aafirther fall of over
r** Ins., and the cotton plants were Uourlsblng; and throughout the Ooinrawuttie circle the weather was seasoiiade and the idaiits llourlslilnK.
thoiigli a spell of tine weather was wanted at .lulgauni. where tlie rami»ll has been excessive.
Sowing had begun In the Dharwar district of
Hubli.
;
i
;
-I
i
EoYPTiAN COTTON.—The rejwrt of tke Alexandria General
Produce Association for the month of July, issued on the 31st
says of cotton
The temperature of July ha« bi^en favorable to the cotton plants,
and
ndtheir development may be tow eonsldere as normal. Flowering
has
as commenced
eomnieneed 'everywhere
everywhere. In many provinces, and notably In he
Payoiim
oiiiu and Simthern
simthern part of Lower Egypt, the crop Is almosiai for"""
'"
ward as last
year at the same time Elsewiiere it is eigut to ten days
ult.,
:
I
i
flw
200
14
3,811
Miohlgan, 19
1,507
134
Total
18.202
_,
The
particularg of these shipments, arranged ia our usual
form, are as follows:
Ham-
Liverpool.
New York
Havre,
N. Orleana
Boston
Baltimore
Antwerp,
burg,
801
10,080
2,811
1,507
Bareelona-
Jotia.
TV>'a<.
200
14
11.750
2.811
1,507
65.")
134
134
801
134
'200
635
14 I«,202
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
Haw Orlbans -To Liverpool— Aug. 29— Steamer Australia, 910
Sept. 2 -Steamer Exaloier, 2,941.
To Hamburg— Aug. <I —Steamer Crotla. 400.
WaiT Point—To Liverpool— SiJpt. 1 -Steamer Ernesto. 407.
BOBTON-To l,iverpool-Aug. 2-<— Steamer Pavoula, 8 ...Am: 31 —
Steamer Kansas,
Sept. 1— Steamer Venetian,
BalTIMOHR— To Liverpool -Aug. 21— Steamer Caspian,
Aug.
27— Steamer Sedgemore,
To Breiiien— Au/. 26 - Steamer Stuttgart.
To Hamburg— Aug. 28— Steamer Slavonia,
PHlLADKLPmA— To Liverpool— Sept. 1— Steamer Lord Gough,
Gotton frei'^hts the piat w««k have been as fullows:
Total
14,308
..
.
.
.
.
Mon.
Satur.
Liverpool, steam d.
Wtdnen.
Ttiet.
I
Thum.
Do
Fri.
I
tl«
11.,
I
d.'
Havre, steam.
..r<.i
Do
a.'
Bremen, steam. .e.|
Do
rf.
Hamburg, stoam i/.
Do
*i«*'sa "leW'aa Sis'ifsa »i8®'sa »u«''m
a.
i
New crop
801
BAuriMoaa—Tu Hainborg, per steamer Eoropa, 134
Town Creek and Elkmont,
TKXA8 — Uas'^d all the cotton States iu the rapid decline i'l condition from the high prosperou"* condition of August I. The -lamagc is
e8timat<'d nt '23 jier cent and T^i per cent below last year. The generil
cause of itaniaire lias betn from ifrought, and from Klgin no rain since
June H. and cotton nemiy all open. The boll worm Is very genern' and
in some jdaces doing much injury, but the full extent cannot be learned
yet. The usiuntcd 'lelil of lint cotton per acre Is 197 peu' ds, agilnst
•jOK jiouuds last year. There Is little or no top cotton an I much lie
pends for that little uiion a late frost, while last year a good toji croj)
districts
10,080
To Havre, per steamer La CltampHgne, -01
To Antwerp, per steamers Conemaugb, 27&....Nuordland,
380
To Barcelona, per steamer Ponce de Leon, 200
To St. John, N. K., i>er steamer City of Coluinbls, 14
New Orlbans—To Llverintoi, persteanier Editor. 2,811
BoirON-To l.,iverpix)l, per steamers Coiumlda. 1,488
10
1B,S»8
exports of cotton from the United
mail returna, have reached
Total baltt,
140
_I0.7I0
—The
Naw YonK—To Liverpool; per steamers Bothnia, 2,123. ..
City of New York, 060... Greece, 1,278 .St. Ktmans.
IS
Northn pti
Forslirn....
Slme
HBiFPiNO News.
riurlda
T«nn.. Ao..
Improvement
H'^fes tho iiast week, as per latent
10,202 bales.
Mnbll*
8o. 0*rol'*.
Nn.nKrnI'*.
month »f ,'uly are favorable. They indioati' a further
in the tate of tlie erou -ince since our last retu ne.
the 30ili July fog" arc r 'ported In districts in Lower Egypt, but
whether they have done damage or not will only appear later.
report* fur the
WMk.
Do
40'
35*
Aiust'd'm, steam.e.
40"
40'
40-
e.l
Reval, steam
d.
Do
Trieste,
steam,
»i«t
—
....
....
1
_
Ha'ist i4®»i6l
"4a»i«t
'4a»ut '4*Bist
"i^^s'sa '^84^^32 '^e4*'3a '^e4*''32 "<i4*''»a
*i«
•is
d.
7jjS*„
Tsa^'ia ^3a®»3a 'aa^'sa
•'saa'sa
d.
Iiarcelona,Bteam d.
Genoa, steam... <<.
\
*<14*'S2
\
Hi
4
^4
^4
I
Antwerp, steam, tt.
• Per 100 lbs.
7.i
t
Steamer October
5.
—
Liverpool. By cable from Liverpool we h'ive the following
statement of th« work's siilis. stocks, &c. at that oort:
,
Aug
Sales ot the
week
bales,
i
Of which exporters took ...
or which speculators took..
Biles American
14
70,000!
Actual export
2,000
4,000
61.000
3,000
Forwarded
•'>7,000
Total stock— Estimated
Of which American
Total Import of the
958,000
— Estim'd
week
737,000'
20,0001
Aug. 21
|
34.000
1,400
29,000
3,000
48.000
018,000
69 ',000
11000
Of which American
i3.oot)!
ti.OOO
afloat
25.000
13,000
25.000
13.000
Amount
Of which Anierlcan
i
500
Aug 28
Sept. 4.
80.000
4,500
8,800
88,000
4.000
56.000
49,000
1,200
3,100
40.000
3,000
44,000
803.000
673,000
23.000
13.000
32.000
12.000
B 19.000
634,000
17.000
7 000
33 000
18000
The tone of the Liverpool market tor spots and futures each
day of the week endin«< Sept, 4, and the daily closing prices
f MTKit cotton, hnve h«eo aw followa:
Spot.
Saturdai/ Monday.
Market,
1:45 r.
FTirrten'B
tondenoy.
Mld.Upl'd8.
*»l»
6,O00
Bales
Bpeo &exp.
500
Tuaday. Wednes.
Fair
business
dolOK.
Harden'g.
Fridai/,
Large
Qood
damaod.
butslnes)
dolnic.
*\
411i.
12,000
1,000
Ttturgd^y.
10,000
1,500
47g
413,,
20 000
is.ooo
1,500
12,000
1,300
3,000
Futiires.
Weak at Strong & Bssr St
Market, } ^84
^ ;l.n4 exalted at
f. u.^
decline.
decnne. 8-04 adv.
1:45
Market,
4
r.
\
H.
Irregnlar.
Quiet.
Rteadr
ai
advance.
Weak and
Irregular.
riMi. at
ae-SA
Irregular. 5
adviuioe.
M
I
RarelT
steady.
Stasdr.
\
The opening, higheat, lowest and closing prions of futures at
Liverpo<il for each dav are given below.
Prices are on the
basis of Uplands, Low Middling clause, unless ot&er wise stated
..
.
.
THE CHRONICLE.
332
8Rt.,
ffloft
Low.
Clot.
Open
Biglt
Lmo.
Clot.
Open
a.
d.
d.
4.
d.
d.
d.
d.
d.
<t.
4 39
4 39
4;i9
4 42
4 42
4 39
4 39
4 40
4 42
4 42
4 42
4 44
4 39
4 45
4 40
4 46
4 42
4 44
4 48
4 49
4 62
4 48
4 52
4 50
4 54
4 56
4 59
4 61
4 63
5 02
5 04
Hi
NoT.-Dec... 419
Dec -Jan....
Low. Clos
Open
...
Oct.-NoT....
Tare.. Sept. t.
Mon., Auir. 31.
Auk. 29.
4S9 4 39
Ang.-Sept.. 1S9 4S9
September.. ise 4 40
Sept.-Oct... <89 4 40
Aogiut.
»
4 51
Jan.-Feb..,. 153
Feb.-Mcli... 4 6(1
4 45
4 49
4 52
464
4 DA
4 51
4 53
4 56
Uch.-Aprll. 468 4 69 4 58
Aprfl-May.. 4 61 4ei 4R1
4 63 464 4 63
Hm7.^Jiuie
4 43
4 43
4 49
453
454
4 63
4 58
4 56
460
4 59
4 63
6 01
4 61
4 61
.
6 04
4 42 4 42
4 42 4 42
4 43 4 43 4 43
4 43 4 43 4 43
4 49 4 49 4 49
4 53 4 53 4 53
4 56 4 55 4 66
4 58 458 4 68
4 61 4 60 4 61
4 63 4 63 4 63
5 02 5 01 5 01
5 04 5 04 504
4 54
4 57
4 59
4 62
5Ut
503
d.
d.
44
4 42
4 42
4 48
4 52
4 54
4
4 67
4 59
4 50
4«1
Utnnnapoltft.
4 62
4 63
Toledo
1.105
1,580,1140
73,419
16.486
5 01
5 03
5 03
Oetrott..
.
li.597
613,187
12,1011
55.44
604
OltTelBOd.
..
10,84H
56.971
29.848
73,1153
1,317
28.201
4 775
1,017,199
130.415
425,450
S,250
7lt,0(Kl
153,60(1
515,001
6,609
17,800
218,805
245.109
902,066
6,817,217
l,8nl,39H
3,269.682
3,231.526
246,376
1,1R2.SS'/
2 540,707
8.067,281
B,*l,«15
2,954.249
4 147,430
2 604,329
111.503
143.4^9
160.017
798,236
886,237
784.817
24,009.41 S
9,789,2.S«
10,525.262
469,487
8,404.080
8.735,38.1
9.965 168
11 112,575
1,126,563
412,914
11,780.177
13,731.183
10,463 155
219 56S
123,071
OvstivU at-
454
456
Ohleuo
7l,78.'S
MUwankea...
Dulatb
87.407
1,748,816
131.600
5H,9(17
452 014
BMf.l9"l^f BlM)l.«01h
.
iypen\Hitih
Lmo.
ijloe.
Open High Lmo.
3.
Tot.wk.
Open High Low.
Oloa.
(1.
<i.
d.
d.
d.
d.
d.
d.
d.
d.
d.
4 50
4 48
4 48
4 49
4 49
4 47
4 47
4 63
4 53
4 63
4 53
October
tb&
4 65
4 64
4 64
4 64
4 64
4 52
4 55
4 63
4 63
4 48
4 48
4 64
4 64
4 54
4 50
4 48
4 48
4 47
8ept.-Oct...
4 50
4 50
4 55
4
NoT.-Dec... 1(.9
Dec. .Jan.... 46J
4 60
4 57
4 5S
4 56
62
5 01
6 03
6 06
5 0«
4 60
458
460
4 62
4 52
4 57
4 60
4 69
5
4 62
4 63
4
4 61
4 63
6
5 01
5 03
5 02
4ei 4 62
6 01 5 01 600 501
604 5 04 5 03 6 03
5 09 610 6 05 506
60S 5 09 608 508
.
Jan.-Feb.... 5 01
Feb.-.Mch... 6 03
Mch.-Aprll. 5 03
April-May.. 6 08
May June
.
4
6 03
5 05 506
&lu 611 608 508
6.)
4 62
4 58
4 69
4 47
468
4
5
58
62
00
03
06
608
Same wk.'UO
teme wk.'S9
Ci
d.
4 53
4 64
4 69
4 59
468
4 5S
4 58
4 58
4
4 6*
4 62
»00
6 06
6 0a
5 05
5 08
5 05
5 07
611 5
613 513 5
5 11
1890
1889
6 03
Bxijorts
from—
WKtaU
;
m
prices.
DAtLT CLOSING PRICES OP NO. 2 MIXBD CORN.
Sat.
Man.
Tues.
Veii.
Thnrf.
,.
December neliviiry
o.
0.
0.
Jaouary delivery
6'»%
67>«
6638
em
nOig
H5^
7119
68iii
60
67
65
59
56*1
'iH^
67^
5912
5713
55>4
57>«
70%
7119
BO'S
'h
..
1
.
18
12,740
37,441
22,143
42.675
rot. week.
J'uie time
3,787,529
324.884
1890...
287,994
Ptat.
But.
OatM.
Ruth.
103,391
43.387
Buth.
3,871
68,636
8,825
Bu.A.
...--.
..
13,955
43
7,240
7,800
,.
506
8,415
..
4, 1891.
rent receipts. To day there was no new feature.
Wheat has mateiiiilly declined, under the very free movement of our crop as revealed in our statistics for the week. The
export demand has been fair each day, but being met with
much readiness prices have given way. To-day the weather
roports from Europe were generally better and prices were
weak. The business for export embraced 80.000 busnels No.
2 red winter at 1 1 07 afloat.
DAILY CLOilNO PRICKS OP NO. 2 RED WINTER WHEAT.
Stit.
Hon.
Tues.
Wed.
Thum.
Fi-i.
September delivery
o. 106=8
H'9<^ IO714 10i)38 lOfiSs lO.'i'fl
OotoheriUKvery
llO^g lOSM
o. 10T!(j
10«ia
107 Hi 10714
November delivery. . . .o. 1 09
1 1 2 !«
10H3a 108
109
10884
December delivery
11.114
o. IJO
lllig lODSg iioia IIUI4
January dellTerv
c. Ill's
11458
111
112
lll^a
Maydeliviry
o 115
...„ 11618„ ,^„.,
118H 11618„ 11458
Indian corn has latterly shown much strength, on the report of injury to the maturing crop in the Northwest
by
frosts.
There is little doubt that some damage has been done
and that some of the corn from thatSfCtion will he marketed
that immature condition known as "soft;" but this will
bo
of little aciounl in the aggregate, becausp in Middle
and
Southern latitudes a crop of unusual magnitu^le and of flne
quality has been st cured. To-day the market was
again
dearer, and shippers bought freely for the winter
months at
69
rUmr.
100,263
Baltlm're
S. Orl'ns.
JI.NewB..
ttlohm'd
for flour and meal hare been exceptionally
with prices of wheat flour more or lees unsettled and
depressed, in sympathy with the course of wheat. Holders
were not inclined to make concessions on low grades, but on
h'gJi grades some reductions hare been made to close out cur-
c.
o.
e.
Oom.
29^,202
708.795
949,437
261,103
67,000
79,934
The markets
September delivery
October del iVKiy
Noveiuber delivery
844,053
48.749
44,145
1.423 058
8(wton...
dull,
,
16,770
Bu.(i.4H
..
Bbii.
ewTork
5 13
Portland
Montreal.
Fbidat, Sept.
^
112,140
But It.
5 10
12
BREADSTUFF S.
^
79,0,10
148,103
62,520
.*">"t.
10
PhUadel
-
18.560
56 r
784,508
43,920
Ibi
The exports from the several seaooaro pu-itc in ,. «
mi •ndiug Aut<, 29, 1891, are shown in the annexed statement.:
Jnne.July...
luU
106,200
Bu<li.S2
58
600
604 6 02
6 00
Since Auo.
1391
Bn
2,087.097
l,07<i,3P0
'91.
««.
Bantu
Oatt.
2,8:17,744
BlM»1.56l5
Frl., Sept. 4.
September..
0(!t.-NOT_
Corn.
Wheat.
Hour.
4 44
4 60
P«.ri».
Tknn., «ept.
Llil,
The movement of breadscutf « to market is indicated 111 he
<atement b^low, prepared by us from the figures of the Nevk
We first give the receipts at
Vork Produce Exchange.
Western lake and river ports, arranged so as to present the
comparative movement for the week ending Aug. 89, 13M1.
anf' since Aug'ist 1. for each of the last three y- ii-s:
au Loots
Wed., Sept. 2.
[Vol.
204,134
110,631
465,602 _20l,055
13,423
--.
12,696
119,843
82,124
The visible supply of grain, comprising tno stocks in graoai y
at the principal points of accumulation at lake and Heaboai d
ports, Aug. 29, 1891:
Stir ey
Rye,
Oati,
Oorn,
Wheal,
blinh.
buth.
bMth.
hutK.
In tiore at—
168,400 346,954 15rt,.593
2,320,154
Sew York
119,200
51,500
400,900
Do adont..
"10,500
18,000
17,600
Albany
1,391
22,747
268.440
861.224
BaSalo
697
1,364,917 2,924,460 1.143.242 744. 8St
UhloaKO
40.923
36,385
17,983
VfUwankee
5.9^4
35
222,927
Dalntn
30,990 1.57,376
1.2(1,933
93,903
Toledo
3,137
41,818
25,398
639.650
21,705
Detroit
6.000
25,000
Oswetco
"2,651
1,407,785
210,493 194,981
Si. Louie
10,0ii0
5,000
7,000
16.000
5.000
Olnolnnatl
212
50,-<36
35,968
53.073
21,126
Boaton
1,500
2,960
28,455
Toronto
'"5,087
13.024
76,-.;59
15,369
234,740
Vlontreal
96.275
928,242
70,455
Philadelphia
'"2.119
"9,758
746
24,807 305.258
Peoria.
8,000
9,500
71,525
107,982
Indianapolis
33.122
55,151
624,099
81,526
Kansas City
,50,971
43,633
1,;M2,907
70,29:{
Baltimore
994
2,053
9S1
1,900,122
2,935
Klnneaimlls
95,830
720,465
6,015
Onl«l«sl««lppl-..
615,495 «4'6i437
2,580,775 1,399,211
On Lakes
338,100
........
99,600
On oaualA river, 1,648,000
65.518
57,225
470.803
29 1,1 70
81.450
rot.AiiR. 29.'91. 19,124.842 5,611,353 3,146,561 2,4!»9,612
rouAiiir. 22.'91. 17,857,963 4.197,573 2.141.863 1,796,658
516,949
Tot. AlU.30,'90. 17.637,74 4 9,290,647 3,34'»,933
rot.Aue. 3l,-89. 14,3-<5,7U! 11.7.'>5,5S4 6,130.6>-I 924, S2t
TotSept. 1,'88. 29,269,673 8,476,447 3,572.972 :!47.573
Fri.
THE DRY GOODS TRADE.
72 <9
69 14
67
60 8s
59 >4
66
H6%
New
Tobk, Friday
P. M.,
September
4,
1891.
571a
Maydodvery
55I3
65
5558
57
Oats h«ve been variable and unsettled. Today there
was
a firmer feeling, in sympathy with com.
DAILY CLOSING PRICES OF NO. 2 MIXED OATS.
There has been no material increase in the amount of business doing at first hands since last report, but the tone of
the market at the close is somewhat better. The decided aiivance in the price of raw cotton has had an ioflupnce on the
Sat.
Jfon.
Titeji.
Weff.
. .
Thiifa
bv,Beptember delivery
weaker holders of brown and bleached goods, and in some
o. SSH,
3514
355,
35%
35^,
SS?,"
Got. delivery
0. d5%
3514
SSOg
35?
Toi
U^g quarters where it has been possible to do business on easy
Rye has declined, and closed dull and unsetUed40 lOO terms there is a growing disposition to hold up to quoted
busnels were on Wednesday taken for export at
97c •....,
c f i
Beyond this the improvement does not extend, and
to arrive. Barley is still nominal.
prices.
The following are closing quotations for wheat
necessary that the advance in cotton be fully mainbe
will
it
flour in
barrels.
(Corresponding grades in sacks sell slightly
below tained and the demand for goods be materially increased
thtae figures):
before even the leading brands harden in value to a quotable
FLOUR.
'
.
•'
Fine
Boperflno
txtra. No. 2
V
bbL $S 20®S3 70
4 003> 4 15
Extra,No.l
415*460
BiraUhta
Patent, i<prlDK.
5
White
Wlilte
No. 2 mixed
|io.
vwblte
25a 575
c.
Sprlnx. per bush
Oatx— Mixed.. ¥ bn.
RjeHiPUi-.suiierllne..
$5 OOafS 25
5 20« 530
5
25® 550
400® 450
3 30 ® 3 .50
4 00 ® 4 05
Brandywine
GRAIN.
Wheat—
Bed winU-rNo. 2.
winter
-''"e---;
4 .50® 4 80 Cora ineiil—
4 70* 5 15
Western,*c
Clear*
Ke<l winter
P{*t«''».,
3.'.0»3gO OitysUipplnK.eitraa.
«...
1
OSijai 07
100 ®l(i9
103 ®108
35 -a 38
39 a 46
35»i® 37
SQaii'^ 41
Com, per bnah.—
We.>(t'n
2
Went'u yellow
Wefteru white
Rye
-
Western, per bUBb.
State
73
74"
«
«
-g
76
7lia
76
74
®
97
si
9a
94
and Jersey.. 90
The
print cloth situation at the close of the
attracting general
plate
this
may result
attention.
in a strike.
Some
indication of
how
the trade
by the fact that yesterdiy a considerable business was done at an advance of 1^0. per yard from
With print cloths
the low price ruling up to Wednesday.
advancing, another element of strength would be introduced
into the market for low grade goods. Tradf reports Ir.nn
nearly all sections of the country continue highly favorable,
and local jobbers have this week doue a very active business
view
,
mixed
Wn ndx. No
week is
The manufacturers contemreducing wages on October 5, and ic is believed
will lead to a conflict with the operatives which
extent.
this is afforded
.
THE CHliONlCLE.
.SEiTBXBliK S. lUUl.J
Deliverips ar" l)i>ing pushed
in all their store (lepartmeMtB.
alifud by hoth Hitenta iind jobbers with till possible speed, HS
buyers an- xtill working or) Hhort stocks, and are urg;ent in
demanding conntant Hupplius at) they are purchased, as well
as hurry in HllinK ordeis already placed. While financial
conniti )D8 are less stringent than many in the trade expf cted
them to be at this time, there is still considerable oonipl.iint
of irri'Kulur collections, even the West and Northwest, where
such an active distributing trade is in progress, being slower
with payments than some time ago.
—
packages, valued at II'M.ISS, their destination being to the
points specified in the table below:
SKPT.
1.
Week. ainee Jan.
618
22
349
Great Britain
Ohliia
Iiiilla
186
54
310
68
224
Arabia
.
...........
.,
•4,201
"•e
1,247
28,646
2,098
7,087
4,278
197
9,3<''4
4
1,240
3,288
18,096
1,946
7,7" 8
167,975
17,673
8,711
81,498
44,014
7,106
185,650
10,213
~125^2
1,219
*
63
26
508
8
(central Ainnrlea.............
Total
3,269
1.043
104,309
4.832
Week. Since Jan. I
3.240
3,860
.
Total
China, via Vancouver
1.
4,525
0,104
2,651
6,085
22,494
1.^75
Africa
MhxIoo
FoHEiQN Dry Goods.— In most departments a good
1890.
1891.
YOSK TO
234
414
20
1^02
333
orders taken except in a few specially favored lines are much
lielow the usual record for the time of year, and a number of
mills must already bo nearing the limit t)f production on
orders. A good supplementary hiisini-ss is expe<;ted later 00.
but it can hardly come forward in sufficient volume to afford
relief for some time yet. The course of prices may thus be
governed by the policy of manufacturers. IP they continue
full production it will be ditlicult to siiatain values, and aa
noted in last report there are already symptons of weaknena
in all-wool goons while cotton-warp makes are undoubtedly
easy.
Overcoatings and cloakings were in quietly Hteady
request, but in satinets, doeskins and Kentucky jeans a handto mouth business only was doing.
There was no change in
flannels, blankets, carpets or shawls.
Dress goods continue
in steady duplicating reijuest and mostly in excellent shape.
OoMESTio OOTToN O0OD8. The export* of cotton goods
from this port for the week ending Sept. 1 were 3,348
BfKW
with an upward tendency, and for standard goods the market generally
quite steady.
is
ImportatloiiN nf Urv iSuoda.
The importationg of dry goods at this port for the we< k
ending Sept. 3, 1891, and since Jan. 1, and the same facta
for the corresponding periods of last year are as follows:
H
of the New York exports since January 1 have
be.'n 18,721,155 in 1891, against $4,595,375 in 1890.
Staple cottons, brown, bleached and colored, have been in
stea'ly request at first hands through orders by mail and wire.
Brown sheelings in low grades and fine yarns are steady,
with moderate supplies, and although heavy grades continue
E3
B
ToUl «too»
852,000
(pleoea)
Ava. 30.
473,000
123,000
6,000
602.000
196.000
Domestic Woolkns.— This department has been generally
the wetk. The duplicating demand for
heavy-weight woolen and worsted trouserings and suitings
h IS fallen eff and for spring goods only a limited request has
been put forward.
The position of manufacturers with
regard to the latter is by no means satisfactorj
So far the
io-i
M
MAMitkOD
-1
4"
OSO
to OS
to
M to
M to CD O
ooco
<ibb'Mb
MQO
'>
01
** -J'
K5!C
IOO-t---3
MOS
tOM
Oitn^jrc CO
*1
i.<
I
r'
-i^i-CO-l
COCO
QDCJ'
1
'^biobb
Qob
Oro
tU
^ h- O
r.-
BIKIHINGHAIU,
THOBIAS BRANCH
CO.,
BANKKKS and commission MEHCHANT8
HICHinONU, VIKtilNIA.
Clrcalan and lutormatlon un fundlntf Lbe debu of
irslola&nd North ('arollna fre« of ooit; one-vUitatfc
par oant charged (or {Hading. Southern Billrnrt
nd SUM and City
Bondi bought and
lold.
COCOOO**!**
COOD— ®o-t
Cn-^fC — O
Od7-OUi^«
yoswoco
MO'bbcO
O-JWOOM
Wh- CO 00*1
OM
M
0»~)
MUltCtUtU
05 <J
wv
to
^ Oi i- (k
coc;i
OCCiUO-^
,..
to
I
ODA
*-^i-^i-»
a«
^<ji
C
-I
CC CO
UD CO
01
W
h-tO
'
"
Q* CO CO en
— Ol(f*
00*4
oto
WO
to
c
x c;i -q *j
»-•
a
;;•
N-
00
to CO c;t to
OS
lt<'U,^^<b.
Cfl
CO to to
COM
M
)-»tO
S"
s^
tOOSOt
t!
«-s
I3(X,
rf^
CO
M
i*k,
^ V> M QO «
COCOS35M
tOOlMh-^
OS
M » O* CO
CttO
oos5oc;i>o
-^OCOOtO
if^ :: to
D<
Ol'S^tO^
b'-i
o^aTocflM
WtOi— Q0*».
to
WCDCO*"!--
OOi*-
to *k CO 00
(T ot'Jti.baD
*-» CO -^ Ci QO
cococooso
CD
0<C£
-»
CO
M
CDW
oso
itk-
w
'B
ii'
^ 9^
**ah-ow
cctoxu^
OS
^tootoo
CJi
O CO OS cn O
otb*^*.©
:*JX
OS to
-.Its
I
I
tOit»>
I
top
bb
— -^
Ciio
(OMtO^Cn
CO- ^'J^Oi
CO^Ji CO o
-1-1
cr/oibwco
COS
MCO
I
CS 05
OD -I
c&*f>i:o»0Qo
^i
MiJiCOOtO
^1
I
o—
(/>
,^ S
osToio^iM
OSOtOtO X}
-jxos*qao
oo"b>"V3t-aD
I
I
•-*»-*'OC0
CPto:&=>M
IXiscjcllaticmis.
stocks aud Bonds bouicht and
guld uu Ooiniulsalon for ('•b,
or cHrrted ou favorable terme.
GENUINE
uteres! allowed on bulano«8.
Funds awaitluK invfHtiueut received un favorablo teruis.
Wm.
WELDED CHRO.HE STEEL AND IKON
OHROinK STEEL 1VORKS,
S.
UKOOK.LYN.
N. Y,
JOSEPH GILLOTT'S
STEEL PENS.
GOLD MEDAL,
PARIS exposition, 1880,
THE MOST PERFEGT OF PENS.
G-.
'2H 80UII1
KoQUd and
Flat bHrs, and S.plT elates and Ancrle
FOR 8AFK8. VAULTS. *o.
Cannot be Sawed, Cut or prilled, and posltlTelT
Burfflar- Proof.
In
AL.4.
A.
C0<|Ui^O
CPtl^CSCS
MM&Bioyi
I
Sole Man'f'ers In the O.
AVKN0K,
tea 4
Pi
C-4lOO<l
1^ CO 1^ OS to
Hatococo
coo^^O
STATION lilR AM> PRINTER.
1U13 FIH8T
O
il>>
1
Supplies BfinkB, Bankers. 8lr>ck Brokers uad Cor
poratitms with cutupletu uultlts of Account Books
and 8Uiiiounry.
|3f~ New conce*-n8 orvantslng will hare tbeU
orders promptly executed.
ATTUKNEY AT LAW,
CO o< to CO
I
SECURE BANK VAULTS.
Alfred H. Benners,
c*: -^j
^ en to
**.
.:Xr.
Eiigrene R. Cole,
WILLIAn STREET.
OD -l
ooto
"•J in
IKtisjcjellaueous.
1
Mrf^OOtocn
(O i»
-losbbtq
co*--
00 <l
^i«*jcellatipnii«^
No.
^
to lU Ti ^1 ^1
(yosMto^ccji
M(-«MCO
dull throughout
.
9
•
rf*K)CJ»Oy»
^
en
CO
CO
*-
•
B
CO-J
COM
I
Is^fll
o
jr*.
T.\
B
161,846 379.645
42,130 68,025
OS CO
at
•
COCCMOlb
CSOtOU.*^
(OCD^O:m
cj-b
CCOD-JWi-
Amj/. 31
177,000
14,000
5,000
M
to to
"325*8
la
1=
1
r
abundai't thi-re h is been rather less pri(!e shading than last
week. The export demand is moderate for both sheetings
and drills Bleached shirtings in leading makes continue OS
fairly well sold up and steady, and in outside tickt ts more
03
bui-iness was noted during the early part of the week.
Two b
large auction sales of shirting flannels and flannelettes were
h^ld Thursday, when low prices were realized; outside of 'J
these business in napped cottons has been limitfd. Colored
cottons, such as denims, ticks, cottonades, plaids. &c., have
Khown no material change, and new season white goods were to
again somewhat slow. While the business in leading novelties in fall prints continued very fair, it scarcely came up to
the records of the past few weeks, but so many agents have
reported certain lines sold to full extent of production that
the demand may have been aflfected thereby. Turkey reds
are in good request also, but in other styles the print busine.ss
has been of an ordinary character at first hands, although
jolibers have recorded an active distribution throughout.
Ginghams in fall styhs are in good shape, and some signs of '0
the coming spring season are seen in the shape < f loom sam- CO
ples of fine goods.
Print cloths are quoted at 2^c. per yard
to
for 64x648, wi' h a considerable business thereat, while 56x
CO
608 are nominally unchanged.
CO
M
1891
1890.
1889
Auu. 29.
Held b.v Providence luaiiufaoturers. 389.000
Fall Klver manufaoturer*
4tlS.000
Oat«lde speculators (est)....
None.
t5
B
a,"
o te
g."
2
C
The value
OMht—
busi-
ness has l>een transacted in imported goods, with the great< st activity noticeable in dress fabrics, both staple and fancies.
On the other hand, men's-wear woolens and worsteds have,
like the domesiic lines, been unmistakably slow, although
some styles offering are comparatively cheap when put
alongside home productions. Linens have ruled very firm,
From New £nj;ltuul nlll poinu direct.
stock of Prinl
—
»
.
Hopper
Tbird
!it.,
&
Co.,
I'bila.
LIEBER'S
TELEGRAPHIC
CIPHER.
^ and 4 ^tono Hireei* New York,
Mr. B. FUANK1.I\ LIKUUH Has prouaced a
CIPUKK equally available ft>r banker^, stock
brokers. Importers and luerobanu of every class
Its simplicity Is matched only by Its luKeunity.
J(mmal of Commerce, A'fiti York. Oct. 2ft, 18HH.
E3'*H<*nd for Hat of niihw-rlbpra.
Augustus
33 Pine dtreel.
Broker
,,i
Floyd,
New
investment
York,
Hecuritisa,
:
TKE CHRONICLE.
334
[Vol. LIll.
Iftnauciitl.
ePottoti.
«I/OttOU.
WOODWARD
Waiter T.
& STILLMAN,
MERCHANTS
TO
16
INMAN, 8 W ANN& Co
COTTON MBECHANTS,
NOMT fork.
COTTON OF ALL GRADES SUITABLE TO
WANTS OF AMERICAN SFINNEKS.
Lehman, Dukr & Co.
,
Moutgomery, Ala.
OrleanB, Ln.
LEHMAN
BROS.,
coninissioN iherchabits,
No. 40 Exchange Place,
Orders executed on ttie above Exchanges as well
New Orleaus, Chicago aud fureiga markets.
as In
Crenshaw
&
Wisner,
New York.
COinJdlS^ION KIEKCHA!V I S.
&.
IS Kxclian$;e Place,
Members
THE HAXALL CKENSHAW CO,
RICHMOND, VA.
ORIENT MANUPACTUBING
ORIBNT,
L.
Warm
CO.,
1.
OF VIKGINTA.
Hlgh-Grade
I'yriteB. free
Zrom Arsenic.
Hopkins, Dwight
&
COTTUN. OUTTON8EED
Co.,
OIL.
ANII
BOHTMRKN PKODDCE
Room
9t4,
OottoR ExchaniEe Uulldtnv*
NUW TOBK
GnstaTUB
C.
Hopkins,
Charles U. Miller.
Gi
Lucius Hopkins Smith.
Samuel Uopklus.
Schroeder
&
COFFEE
BOSTON, MASS.
GRAIN ANU PROVISIONS
HI»H GRADE INVESTMENTS
at the
NBW YORK PRODDCB KXCHANGB and
CHICAGO BOARD OF TRADB.
the
GOBRE8PONDBNT8
Kdwardi
Messrs. Smith,
Liverpool,
Lea McLean
&
&, Co.,
New
Co.,
Cotton Brokers,
BaooesBorsto WAKB & 8CHKOBDBB,
COniniSMlOAl miEKCHAMTS,
BOTTOM EXOHANKK BUiL,OIMU
NEW YORK.
Orders for fuAre delivery of Cotton executed In
Hew York aud i.iverpO'l: also lor Uraiu and ProTlsluns In New York aud Chicago, and Coffee In
New York.
BTRAU88 &
STRAUSS 4
CO.,
garanuahand
New
CO.,
Manchester, aud at principal Cotton Centres
on the Continent.
Orleaus.
Strauss
&
COTTON EXCHANGE
NEW YORK
exeouteil In
aud
COFFEE
Future
tor
COTTON executed In MEW
VOKK, NEW ORLEANS and LIVERPOOL, THB 8H0RT ELECTRIC RAILWAY
DellverT
ot
&
Hubbard, Price
NEW YORK.
&
Reed
Price,
NORFOLK,
Cotton Brokers
Co,,
VA.,
and Commission Merc/ianti,
advances made on Cotton coiisivnmentB.
B.F.BABCOCK&CO.,
i^treet,
LIYBUPwOLi,
1S4 PVAKI.
MTRKKT, NEW TOBK
lluildinit.
Receive consiguraents of Cotton aud other prod-
uce, and execute orders at the Exchauges In Liverpool. liepresenLod in New York at the office of
SAAl'L
3'i
Nassau
II.
Chicaso— 339 Dearborn Street.
BABCOCK,
i^ireet.
Rountree
New
&
York.
Co.,
COMMISSION MKUCHANTS,
COTTOK E.VCHaaOK, M!.W VitRK,
and
^Ol(K(^l,K, VA.
COTTON, COFFKK, GRAIN, PROVISIONS,
STOCKS and PB'l'UOLEUM.
Oi-ders executed in Nnw York. Chicago and Wver-
pool. All graJes of cottuu suitable to spijincrs'
offered on favorable terms.
wants
E. D. Shepard
AUG.
State,
«liss,
Fabyan
BROAD
ST., N. V.
Comity and City Bonds.
American Exchange Bank,
ST. LOUIS,
LiTiBPooi CoRHmpoifnnm,
Co.,
POST, Banker,
T.
MO.
SSOO.OUU Surplus, - $300,00*
PBTBU NICHOLSON, President.
ALVAH MANSOK, Vice-President.
WALKKrt UlLl., Cashier
Capital,
FRBDKRLCI y.EBKOA A «0.
&
SUCCESSORS TO
0RE.X:EL BUILDING,
Slil.UNa
00TT05 BROKER8,
Bnildins.
Philadelphia— Penn Mutnal
I
We send Items duiect to
evaiy banking point In
this state.
Cc
Co.,
NEW YORK, B0.*TON, PHILADELPHIA
Co
CEEYEEAND, OHIO.
New York CIty-Werld
COMMISSION MERCHANTS,
PHII,&OBI.PHIA.
6t
THE
GEARLESS MOTOR.
Special attentiun given to the sale of ci)tton to
arrive or ill transit for both furelKU aud domestic
markets. Orders executed for the purchase and sale
of Cotton for Future iJelivery.
OOTTO» HEROHAHT8,
Geo. Copeland
COMPANY.
Co.,
COTTON EXCUANOB BUILDING,
4MBUOWN'C» BUILDINGS,
LIVERPOOL.
Ubersl advances made on consignments.
New York and Boston Stock Bxehanires
NEW YORK.
Order* lor Future MellTerr of
COTTON MERCHANTS,
Apecla attention given to correspondouce with Interior CotU)n Merchants and Buyers for the
purohase and sale of Cotton both ou spot and for future
delivery.
of
BIJII.DINO,
Geo. H. McFadden & Bro.
Co.,
Members
Orleans.
Mohr,*Hanemann & Co.,
IT Water
Co.,
Co.,
NBW YORK COFFBK KXCHANGB, and
St the
J.,iberai
COMMISSION MERCHANTS,
&
H. Prince
BANKERS AND BROKERS'
Standard Superphosphates.
SDLPHUR MINES COMPANY
F.
COTTON
AGENCY OF
Standard Brands of Flour for Shipmeut to
Climates always on hand.
York.
Co.,
32 lirtutani Street, New York.
BXKCUTK 0RDKK8 FOR FUTURB DKLIVERT
and Produce Excb's.
of the Cotton, Coffee
&
Henry Hentz
Jos.
16
New
Strefit,
COMMISSION MERCHANTS,
NBW YORK, LIVERPOOL AND NBW OBLKAN8 COTTON KXOHANOiCS. Also orders for
NEW YORK.
Sons,
sight.
at the
MEMBERS OF THE STOCK, COTTON, COFFEE AND PRODUCE EXCHANGES,
New York.
&
T. Hatch
Dealers In investment stocks and bonds.
Personal attention given at the N. Y. Stock Kx.
chaogo for the purchase and sale on commlHsiou of
stocks and bonds for cash or on margin.
Interest allowed on deposits, subject to draft at
MEW YORK.
Nuw
W
14 Nassan
22 WILLIAM STREET,
Lkhhan, Stkrn a Co.,
Jffateh,
Arthur Mrlmn Baich,
TYefCott Hatch,
Members of N. V. Stock and Produce KxchaUMOfi.
Henry
AGENTS FOB LKADINQ iiKANDS
BRoWiS and BLKACHBU SHIRTING
aud .SHEETINGS.
PRINTS. DENIMS, TICKS, DUCKS, &0,
Towel«, QulitH, White Goods and Honlery.
OrUU. tiheelinga,\tc.,jor Export lYade.
IN VESTMENT
BONOS A
Rolston
&
Sl'tClALTY.
Bass,
STOCKS, BONDS AND MISCELLANEOUS
SECURITIES.
W. H. ROLSTON,
W. ALEX., BASS, Jr.
Members N. Y. Stock Ex.
BDWIN
8.
HOOLKY.
!i«
Broad Street,
VftRK
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