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HUNT'S MERCHANTS' MAGAZINE,
KBPRE3E>rriVO THE INDUSTRIAL
VOL.
AND COMMERCIAL INTERESTS OF THE UNITED STATES.
SATURDAY, SEPTEMBER
47.
NO.
1888.
8,
Eight T»onthg,
Au(tust.
\P.Ct.
1887.
Terms of Sabserlption— Payable in Adrance
NewTork.
For One Year (Inoludlne postage)
$10 20
For Sir Months
do.
6 10
European Subscription (inoladlng postase)
11 28
European Subscription Six UontUs (inclading postage) ...
6 64
Annual subscription In London (inoludini; postage)
M2 78.
Btx Mos.
do
do
do
jtl Ss.
2.412.876356 2,403.897,737
Boston
Worcester..,.
Sprlntrfleld
WTI.JIAM B niKi (W^Itl-IAW B. DA^TA & Co., Pnbllstaera,
lOa William Street, NEir yOKK.
I^oriioYD
i
iOBS
a. FLOVD.
I
pyg^ Office Sox 958.
...
LoweU
,
Tot. N. Ens.
Phlladelpbla..
PltUburg
Baltimore
CLEARING HOUSE RETURNS.
The current exhibit of exchanges embraces the week ending
September 1, and, compared with the previous week, records
a small increase in the whole country, although at New York
there is a slight falling off. Contrasted with the corresponding period of 1887, the loss at New York reaches 20-3 per cent,
and outside of New York a decrease of 3-9 per cent is
exhibited. The gain at Topeka is 73-5 per cent and at Duluth
73-6 per cent.
Tot.Mlddle.
Cblcsgo
Cincinnati
Milwankee
Week £nd'«
1.
P. Cent
Mew York
Sain J—
501.833.(^
e29,926,7S2
+20-3
(Stocks
thara.)
(1.07e.«)3)
{—12-5(
(Cotton
bnlet.)
(ZW.hOO)
butheU.)
(65.7*4,100)
(25,02»,000)
(1,872.902)
(4^9,900)
(29.491,787)
(19,572,000)
67.543.562
3,112.000
1,310.053
l,Uf7.841
93»,se8
7»B,470
926.721
es6.86e
76,100.530
3.374.800
1,341,44^
l,S36,7.«
899.300
716,643
9U4.296
530,888
-11-2!
+l-li
76,S«2,479
85,204,389
-10-1
78,539.561
SS,166.32l
11.530.347
10,783.771
54,708,689
8,944,949
11,605,130
—2-8
+28-9
-7-1
63.535,305
9,812,743
10.687,616
7B.480.43S
75,258,768
-(0 3
73,986,753
+7-4
67.670,231
8,193.100
3,909.478
4,300.000
1.629.437
8,078.034
1,726,837
1,431.491
8.638,805
S.151.59S
2.204.300
3,418,404
57,274,818
+0-5
—15-2
56.518,466
—•4-0
+ 24-5
8,501,711
4,270,813
1,836,359
3,114.395
+18-6
-8-9
-3-8
000,308
e3l,47»
ei8,9rt5
-18-5
WlohiU
5113^6
Ualutb
Topeka.
+334
2,410,643
328,003
1,413,931
187,887
+^re-6
98,131,430
97,116,379
+1-0
98,090,120
16.371,478
1.071,473
4,313,378
B,»t».9B7
1630U214
Kansas Citr..
7.49^998
Kemphls.... .,
879,669
733,940
400,972
1,101.654
440336
-3-6
-8-6
-5-8
—10-1
+3-6
+6-6
-38-4
+4-7
17,076,898
1,429,578
Orleans.
LonlsTtlle...
834.356
700.490
497.568
-3'.>3
•+20-4
38,876,080
38,4)9,006
—3-7
35^19,656
+ S-1
(Qrain
iPttnltum
bbf.)
Boston
ProTldenca..
Hartford
New Uaven..
Portland....
Worcester...
Bprlncfleld...
liowell
Total Ifew Kngland..
Pblladelphla..
Pittsborg
Baltimore
Total Middle.
Chicago
Cincinnati
Milwaukee...,
Detroit
Indianapolii...
Cleveland
,
Columbus
Peoria
Omaba
Minneapolis...
Denver
St.
Paul
Grand
Rapldi..
Total Western.
St. Louis
St. Joseph,...
New
QalTeston.....
Norfolk
Total Sontbem..
BauFraneiseo
Total
all
Ontslde NewTork..
The ag^egate of
9,60e,!!0U
3,963,7t»
3,454,581
1,722.641
3,157,409
2,047,477
1.180,024
2.785.780
3.378,266
3,159,827
3,683,910
1,110.6<5
4J64,06B
6,388,114
7,803,047
834.898
-2-8
(979J231) (-86-0)
(-33-01
(296.800) (—23-6)
(+123) (131.655.387) (+534-3)
(+27-«) (16.922.000)
(-0 0)
-2-3
-171
-M-4
+9-7
+2-6
+6-8
—5-6
-26
-15-7
+30 5
+30-6
-3-6
+2-1
—72
+73-5
89,324.641
8,995.800
1.262,107
943,106
890,664
891,108
986,787
6463^8
8,0411,150
980,946
8.029,630
3,343,506
+9-8
-4-8
+4-9
-192
+4-1
+22-9
Peoria
Omaha
Minneapolis...
Denver
+
-190
+21-3
(X)8,457
-iJ-0
3,813378 +1S5
+38-4
883.766
+ 131
+16-8
-eo
+ 1.1-7
+ 1H8
WichlU
,
2,630.0051
I
2.7513311
Tot. West..
St. Louis...
St. Joseph
New
.
+9^
^i
2.070.268.963
2.111339,843
328,458,173 +16-0
44N.-08.9.H3
-10-4
2,886.496399
^^
2.851,507.822
+74
3,392,616.977
580,433,071
167,986,8691
74.022.818;
+3-0
501376378 -1-9
4e3l3.6W) —4-0
374,464,799
198.061,663
865,029,678
8.907,292, +26-1
66,896366
6e3!)»,457
3.590,177-19-6
2,193.692' —4-3
26,136,018
25,310.778
82.871360 -iorS
+14-8
+0-»
1,479,691,843
1,458,600,616
83.673.0881-11-5
532.780.620
536.838.832
-CrS
-0-430,991.448.292 33,624.332.154
-7-8
19,895,917'
23i.89l.585'
31.34-i.730
34.389314
3,396.019,668
-1-7
-1-4
+1-9
+9-6
5.842,493
5,743,694i
19.4-2B.031
23.315.5131
Tot. South-.
-l-O
380381,068
400,848.18H'
+9-9 3,003.153,136 1,901,488,702 +5-8
41,268300 -6-2
337.060,700
376,884,000 —10-6
140397.808
6.359.156 +9«
146320346
311
17.083323 +20-5
141.933.681
186,618,199 +13-0
e3364,91!i
69399,444 -w-»
7.554.900 +2-5
13.419.293 +1-3
104,061.490
106,685,196 -2-5
9.141.674 — S-9
73.031.438
71338,800 +2-5
44.334.760
36.604,904 +30^
4,0^.058 +13-8
12.533,101 -i-260
112,218.071
(15.247,481 +17-8
15.04!<.648 -0-5
119.457,248
118.818.695 +6-4
78,470,55^ +11-5
9,878.434 +12-8
85.267.511
7-8
124.004.06-2
16,739,868
133381,298 —7-1
2.292,22l;+I4-V
80,1)47,916
17,314.528 +19-8
-0-7
2.769.8391
24,004,338
37,203.502
36-S
4.925.5»[
2388,4841
2.098.273
all....
19,715,618
—8-3
San Fraucisca
31.400,365
31.124.994
3,3e«,73?,419
77.007.133i
__.
+8U
8301,16830
409,303.640j
Memphis...
Galveston..
Norfolk ....
Total
32.120.065
88.796.074
37.373.812
21.531.375
75,230,076
Orleans..
—3"^
-1-9
-«-«
+8-8
+8-«
84.363386 +8-6
40.644306
439,684,123
Louisville...
Kansas City...
166,471,019|
3,888,044.271 3.843.106375
44,931325
Par Value
Actual
or (iuantity
Valut.
!,4ver*0Si
I
Gov't bonds.
State bonds.
EifM
montlu. 188&
£i«?lt
i)e«cr(ptlan.
39.S93.64S fon«,o7jRon
3345.517.426 (2063974820
t235,3-20.500 $206,917,411
I
«,.,
617
87-9
f4.7il6.000
15.633308 119-7
{1,769.084 613
$1,699,201 137-0
..3580.702,980
Petr'I'm.bbIs 867.923.000
Cotton. bales
13.972.300
Grain. ..bash 1287,751.31;
$2879993.524 63-5
$752,495,005 S65<
Total value..
(4834853.433
Total
16,818,877
808,495.339
+1-3
317.110.618
-8-9
803,063,787;
~+«r«
360,474,008
+7-0
I8S386307
-m
366380.695
+1*
I
!
!
monfks, 1867.
I
.Actual
Av«r'in
Value.
Prlu.
56368.867
60-4
$4980.020.750 {3006635745,
$268,060,430 $325.0693621 84-0
$5,798,000
I
I
»7I.t,l 15.630 lolOl
$1089-249.274 81 3-5o.
$13.809300
9338313! 118-6
1,964.689' 86-9
f1.739.967
121-5
-I$6280. 109.630 $3345338578 61-«
731.063.000, tl66,62e,S31!e3 6«a
910.030.906 $90-63
17,916.000
$1,432,150'
1,339,944.300' $1143861.371|86Me.
$5761847.483.
Our usual telegraphic returns of exchangts
have been received and are given below.
Week Endim September
8.
for the five days
ITesk Knd't Sept. 1.
itstttnu by rei««rapk.
1887.
York..
SolM 0/ Stock
Boston
430339.079
459341.101
(888.635)
(1.401.418)
71,348,333
4V.8f»,4e7
51,780,844
(skorss)..
PbUadelpUa
Baltimore
Ohieairo
St. Louis.
10316.097
67335.000
—
15337305
some New Orleans.
twenty-eight millions in excess of that for July, but tliis ia
entirely due to the gain at New York, Compared with August
of 1887 the loss at New York reaches 3-3 per cent, and in the
aggregate for all the clearing houses the decrease ia 0--i per
cent.
Outside of New York, however, an increase of 4-9 per
cent is exhibited. For tlie eight months since January 1 the
decline from a year ago is 7'8 per cent.
Par Value
PrieeA or Quantity
(2,888.163
$1,840,000
New
—14 8
is
+7-1
240.318.966
+2r6
-189
—16-4
August
331.016.149
»-8
21,111,977
of
354,652.186
283,903,128
lo,f2s.9S9
I
+ 11-7 Bank stocks.
947.087,300
month
^5-4
ll,i46..'64
Paul
,
—10-4
-14-4
17,648,130
clearings for the
48,618366
13,597,441
8.789,401!
5.686,009'
15.672,066
1*,972,115
I
+148 Stock! ShVs
Vul'e
+16-3
-58 RB. bonds...
806,691.571
804.838.53H
242,348,8:9 +5-4
40.020.664 +30-1
198,993400
60,744380
43380.775
+13-2
3,974,049
531,857
7.5lrt.«00
255.348,565
48.051,673
51,251,948
3.921391
3.491332
4.149318
8.919,0«3,017
100.966.100
69,570.778
We
+27-5
4.378.887
+6«
4,174.0113
5.733.487
3315,646.623
+150 Ontslde N. T 1.415.369.415 1.349.209,238 -t-49lll,458.097,469lll,473.777.917
+270
continue our compilation covering transactions on the
+8-8
various New York Exchangee, and it now embraces the first
+5-7
+10-8 eight months of 18?8 and 1887:
3.4983*6
3,413,t'69
3S8.744.442
6.6B7,4(>5
7,741aMll
Cleveland
Columbus
Grand Rapids,
Atig. 23.
P. Cent.
504,441,672
2.468,183
379.061.425j
6.533,005
4,696.643
88,702,0601
17.968,0121
20,581,221!
....
Detroit
Indianapolis^.
St,
Week BniUno September
3,965,966
4.565.464
2.766,679
313.678,588
18.662.800
P.Ct.
1887.
-3-3 10,533368,833 33,150,5(M387 -11-8
+7-4
-6-e
-3-6
-18-0
+6-3
+14-2
+9-8
+12-1
331.71)2,366
ProTidence...
Hartford
New Haven..
Portland
1,21).
4,727,128
49356,807
9344.000
47,786,000
15.740.470
4,573,400
P.Omt
P. Cent.
4013»(,066
(-36-6)
+8r8
-M-4
(9U367J (-38-6)
-0-8
90,649.016
+0-3
43387,078
-84
+138
+19«
8,908,460
-6-8
-Org
47,131,000
+0-5
+3-4
13,807310
3,407,954
+fl
-0<
639,246,310
138,187,268
037,608343
+0-3
673.274.918
141343407
-6-4
132360,663
-184
-404
Total fall week...
Balance Goontrr*
771,433,578
"778316349
993S7391
93,547,043
-0-9
+6-0
706344.476
100.849. 1 09
-17-0
+4-7
Total week, all
870.720378
873.303301
Total.
5dars
sUmatedldar
...
*.Fortlie fall week, based
on
last
we
retoroa.
-0-8 808303385
-14-a
THE CHRONICLE.
270
of sixty
THE FINANCIAL SITUATION.
There
been
has
an
money
this
week.
some
Bankers'
advance in the rates for
have loaned at 4 and at 1 J per cent, but very
been done at either excreme, the average being
has
little
probably about 2 per cent, at which renewals hive been
in
London 3^
inactive all
long and
The only feature has been a demand
cable transfers at a rate one per cent per pound
through the week, though firm
up
1^ per cent loans having also been marked
conThe city banks and other institutions
to 2 per cent.
tinue to loan chiefly on call, the rates now being 2^@3J
per cent; they show no disposition
although rates are hardening. On
bills
is
Bank of Germany £362,000.
Our foreign exchange market has been
at
4
85-J^
for
4 88^ for short.
all
to
three months bank
2^@2:^, at Berlin
The Bank
it is If per cent and at Frankfort 1 J percent.
of France since last report has lost £205,000 gold and the
balftflces
made,
to
per cent; at Paris the open market rate
demand and
improved
day
[Vol. XLVII.
for
higher than that for sight sterling, said to
be due to the
high rates ruling at the chief Continental centres for
oSer on time,
exchange on London, which makes it more desirable to
Commercial drafts
remit by cable than by sight bills.
are still Ecarce, although there has been a fair supply this
and 4@5 per cent for four to six months. Commercial week, but very few bankers' bills are being drawn. The
paper is quiet, with very little demand, but there is a arbitrage operations for the week have made no impresgood supply. Rates are 5 per cent for sixty to ninety sion upon the market either way.
There is more activity in business, and signs of iaiprovedays endorsed bills receivable, 5 to 6 per cent for four
moiiths ecceptacce?, and 5^@6^ percent for good single ment in quarters where previously there was no evidence
of them.
Tue iron trade shows a distinctly be'.ter tone.
names having from four to six months to run.
and
If
the
improvement
does not in all cases extend to prices,
activity
The imirediite cause for the increased
last
it
is
undeniable
there
is a greatly increased demand,
of
that
statement
bank
higher rates for money was the
Saturday, showing a loss of $4,344,600 cash by the banks. and that cutting or stiading of quotations is at an end
Then the public suddenly realized tnat 1^ per cent for the buyer is seeking the seller now, rather than the seller
As regards anthracite coal of course, there is
bankers' balances indicated very little as to the mone- the buyer.
tary situation.
The truth is, as we show in a subsequent not the slightest ground for complaint and has not been
for many weeks past; production is being carried on at
article, our banks have teen losing reserve on and ofE for
some weeks, and on September 1st held $10,400,000 less an unparalleled rate and finding a readj market. The bituthan they did on July 28th ; furthermore, about 10 minous coal trade also is in good condition. In dry goods
Satur- notwithstanding the intervention of Labor Day and the
millions of
the 16f millions reported last
day are held by three of
the largest Clearing Jewish holidays, distribution has been fully up to the
House institutions, and hence if there is to be average; most of the jobbing houses were obliged to keep
much of a demand for trade purposes, it is only rea- their stores open on Labor D^y to meet the demand of
first-class collateral
the quotations for time loans now are 3@3| per cent for
sixty to ninety days, 4 per cent for .three to four months
.
sonable and wise (o anticipate a closer market during
retailers
who wished
complete their purchases of
to
fall
The large purchase on Wednesday of and winter goods. The great stimulus everywhere is the
$6,150,000 bonds by the Secretary of the Treasury was prospect of improved returns by the agricultural clisses.
consequently very timely, for should the Government The farmer is now realizing much better prices for many
continue its drain while trade demands have to be pro- of his products, and with the promise of a large European
vided for, the surplus reserve at this centre would soon demand there is reason to believe that this favoring cirbe exhausted. We have explained in another column cumstance will continue through the season. The corn
how the Treasury movements in August have affected the crop is not entirely out of danger from possible fro3t, but
cash of our banks.
One can judge somewhat from these probably another week or ten days will see it sufficiently
past operations as to the probabilities of the future. The far advanced to remove all fears of harm in that way.
chief unknown fact is, the extent of the bond oiferings at With that point safely passed, the yield will probably be
coming weeks.
Secretary will accept. Up to this time 129
have disclosed more of these securities " loose "
than good judges anticipated.
prices the
seems
to
Tne Bank
of
England's
minimum remains
at 3 per
the largest the country has ever secured.
The Chicago Burlington & Quincy statement
issued this week,
ii.c^, it
like its predecessors
is
could hardly be any worse
if
—very
for July,
bad
;
in
there were a design
although many anticipated a change this week in making it as unsatisfactory as possible. With a decrease
and now anticipate it next week. It may of course come of $304,301 in gross earning?, expenses have been increased
at any time, and would in all probability come at cnce if
$312,865, so that the net earnings for 1888 are only
the Bank of Germany should advance its official rate $353,307, against $970,473 in July, 1887.
It is difficult
above 3 per cent at which it now stands, or if foreign to account for such a result on any rea-onable supposiexchange here should drop materially. As it is, the tion. The matter is made all the worse by fie fact that
Bank of England has already turned the exchanges of the present decrease follows a heavy decrease the
Continental Europe in favor of London and has
for previous
year, both
in gross and net, the net of
the time being transferred to Paris and Berlm
the $353,307 for 1888 comparing with $1,168,954 in 1886.
movement of gold to South America, though both In the latter year, however, the total, it should be said,
those Banks
resist
the taking of
gold for that was exceptionally heavy still the fact of a decline of over
purpose and hence the demand is still only in
$800,000 in these two years in the net of oue single
,part supplied.
Eyery week, however, continues to show month remains, and is an extraordinary one. We have
moderate imports of gold at London, indicating that the no net
compare
other leading
cent,
;
3 per cent rate has not yet spent
the
as
power.
This week
1. 000, being made up,
its
Bank of E gland gained net £7
we learn by private cable to us, by an import from
miscellaneous sources of £216,000, by an export to Lisbon
of £10,000, and by shipments to the interior
of Great
Britain of £135,000, and bringing the gold holdings
of the
Bink up
to £20,905,50--.
Taa cable
also reportsdiscounts
to
with in the case of the
companies in the same section of the country, but we have
the gross figures, and there the coutras: with the lesult oa
the Burlington
& Q
ancy
is
very striking.
Tne Q nucy
has lost in gross $304,301 this year, in addition
939
last
year,
west reported a loss this year of
mon'.h, but this
to $162,-
The North$100,000 for the same
making $467,240 together.
was
after a gain of
$103,000 the previous
Sbptkmber
year, so that
THE CH RON J CLE.
8, 1888.]
on that aystem the 1888
On the St. Paul
greater than in 1886,
vai a
falling
$11,000
of! of
of |6S,000
ever, a gain
in
total
is
ilightly
& Omaha
there
this year, following,
how
The Milwaukee &
1887.
St.
Paul actually had an increase in 1888 of $77,000, though
this was deprived of some of its significance because last
year the road had shown a loss of $190,000 in the same
271
by far the poorest part of the year. Thla will
appear when we say that while in 1837 the net for that
period was $2,788,472, for the fall twelve months it wag
$10,039,430.
conetilute
The following statement, made up from returns
collected
shows the week's receipts and shipments of carrency and gold by the New York banks.
by
us,
month.
These comparisons establish the fact that as regart^s
gross earnings the reBult on the Quincy is qui:e exeep-
Wetk
Bectlntdby
N. r. Bank:
ttidlno Sept. 7, 1888.
Currency.
5M»p«4I>v
If.
T.
Iftt
Bank:
$2,!M1.000
411,320,000
InUrtar
UovtmenL
Loss. «1.0ai, 000
Gold
86i,0uO 'ixns,
804,000
compared with last year the
Total gold and legal tenders..,.
ti.820,000
•3,»as,ooo !l<hs. ii.as^ooo
incresEe reaches over 25 per cent, and the percentage of
Taking the foregoing in connection with the Sab Treasexpenses to farnipgg Is up to above 81 per cent. We
can Eee hew there might be some increase in this ratio of ury operations, but not allowing for the payments on
expenses to {arcings, but why it should cost over 80 per account of the Government bond purchases of 6 millions;
cent now to operate a property which formerly was which did not go into the banks till yesterday, the result
As
tional.
to
exptnses,
I
we cannot understand. It is
the same with the result for the seven months.
Last
year in this period it took less than
millions to pro
operated at 50 per cent
8J
duce 15-J millions gross earnings; this year it baa taken
$10,192,000 to produce $11,839,000, and the extraordinary spectacle is presented of a railroad which in the
seven months of 1887 earned nearly 7 million dollars net,
having earned only about If millions in the corresponding period this year. So long as the company was in the
midst
of
its
Wuk
enatna Sept.
Banks Interior Morement, as above
But a continuance of the same state
of things now when an improvement was expected and
promised,
is
Chicago Milwaukee & St. Paul affairs have also attracted considerable attention this week, and the stock has
been made the basis of a determined attack by operators
for a decline.
It was reported that the company was to
issue a considerable amount of new bonds, Invesiigation
developed the fact that what gave rise to this story was
that the managers had considered the advisability of
issuing St. Paul bonds at a lower rate of interest against
the Chicago & Evanston bonds held in the company's
treasury, but that otherwise the debt now was precisely
the same as at the time of the last report.
Then it was
announced that the next dividend would be passed. That
of course is vary possible, but no one can tell what action
will be taken on the question till the regular meeting
of the board.
The main element of uncertainty,
however, is as regards the company's net earnings, and
everything seems to depend upon that. No figures of net
have been published for any part of the current year, and
upon application at the company's office we find that
tl,320,000
s.aoo.ooo
»3.205.000
10,300,000
Loss, ii.as.'i.coo
Losa. 2,000,000
18.620.000
$1:1,303.000
Loss. t3 883,000
Total gold and lenal
tender.-*
table indicates the
the principal
European banks
ponding date
last year.
this
amount of bullion in
week and at the corres-
Sept. 6,1888.
Sept. 8. 1887.
Bankt of
Sold.
sutler.
1
Totat,
Sold.
BoRland
^TroBce..
..
AU8t,-Hunj{'y
Netherlands..
Nat.BelKlnni.
National Italy
SUtw.
£
S,
Gnrmany
not easily accounted for.
Net Otantt tn
Bank Holding.
The following
accepted as a matter of course, for in theory at least they
had an explanation.
Out or Bankt,
7, 1888.
Sub-Treasury operations
the bad statements were
great troubles,
as below.
is
£
£
20,90.'-.,507
20.905.507
20,3.39,888
4,%«13.501 10,238.»:55
92.871, 4(30
47.188.1)14 47,803.310
32.120,334 16.03a.a>)3
5,953.000 15.372.000
48,188.000
23.67J.000 15.973,000
6.517,000 14,429.00.)
4,879,000 8.163,000
2.577,000 uasioo.
6.983.000 1,118,00'
6,745.000
2.511,000
7,862,000
i,2&e,ooo
6,978.000
1.118,000
21.325,000
13,607,000
3,767,000
8.096,000
local.
20.339,838
95.292.224
3!l 913,000
20.944,000
12 812,000
3,865,000
8,101,000
Tot. this week 117,830,342 90.029.631 208,759,973 112,536,802 88 774,310 201,331,118
11M76,912 01.054.481 209.631,398 113,765,898 88B47.4S0 «M.718,S28
Tot.pr©T.w'k
OUR BANKS AND THE BOND PURCHASES.
The Treasury stiteirent?, issued the first of this month,
more than usually significant and interesting, and
among other things show the timeliness of ihe Secretary's
purchases cf $6,150,000 bonds on Wednesday.
The
domestic movements of currency are of little moment
during the quiet business months
it is when trade and
crop demands become more active that chief interest is
felt in
the drain on our reserves the Treasury
keeps up.
Then the public begins to think of
are
;
the
surplus,
the
current accumulations,
the
taxes
dormant so long as the fbodtide
of currency at our monetary centres lasts.
On the
28th of July the reserve held by our city banks was
the officials are unwilling to
furnish information $130,343,600 and the surplus resarve was $27,116,175.
in advance of the meeting.
From a perfectly trust- On the 1st of September the reserve held was $119,worthy source, however, we have secured a s atement 799,700 and the surplus reserve was only $16,766,625.
indicating the results for the first five months to tbe Ist Here is a loss in five weeks in the currency held by our
of June. It shows just what had been expected, in view banks in the amount of $10,543,900, reducing their sur
Tnese changes—
of the heavy falling o£E on other roads in the tame pins reserve in almost the same amount.
and in the natural course of business they are only a
section.
Jan. I to June
CMcaoo Mdimiiltee 4
Se,
PavU
Gross earnlnff.i
Operating expenses and taxes
Net paminvs
Thus
in the
,
first
1.
five
1888.
1887,
t
«
Increase or
Ikcrease,
anxieties
that
reminder of the drain for crop purposes which must bo
expected in coming weeks reasonably enough sharpen
—
public interest in
8,538,761
9,074,278
Dec.
7,178,079
8,'.83,801
Inc.
"1^4,681!
2,';8«.473
Dec. 1.413.700
months the company has
B21,5b!
802,278
fallen
lie
First of
all,
what the Treasury has done and
Mr. Fairchild paid of the
of
4s,
is
doing.
we Gad that
bonded debt during the month
according to the debt statement,
August $1,628,000
together being
of
the
$5,998,950.
4^3 and $4,370,950 of the
In other words, he has
$1,413,790 behind in
disbursed on account of bonds bought in August $5,998,
heavy, but there
950, without counting the
In the same
is
its net earnings.
This is very
nothing remarkable or striking abjut
premium
paid.
Untd
the pur.
chase of this week, he has taken very few bonds of late;
months the Northwest lost $1,187,and the Burlington & Quincy as much as the prices having been put up on him so materially and
$4,194,603. Another fact should be clearly borne in rapidly, we are not surprised that he should move mora
mind, namely, that the five months in question always slowly. We have several times expressed the opinion
it.
840 in
net,
five
THE CHRONICLE.
272
[Vol. XLVII.
Hence, assuming all the
Government would probably do better to millions more.
ordinary
The receipts and disbursements of the Treasury the same as in
48 and confine its oSer to the 4^s.
money being in the Treasury and earning nothing, the August, thus leaving a surplus of 16 million dollars, these
question would seem to be not so much what must be paid extra items provide for about ten millions of it. In other
for the bonds, or which purchase makes the greater sav- words, on the supposition made Mr. Fairchild will have
ing of interest, for we are not to presume that the existing to purchase about 5 million more of bonds (or 6 millions
tax condition will continue until after the 4| per cents bonds and premiums) to make his disbursements equal to
mature; the problem assumes rather the form (I) how his receipts.
There is another important fact disclosed by the above,
can the moat securities be obtained and the largest amount
of money be disbursed, and (2) how can this be accom- and that is that Mr. Fairchild has vitalized some more of
Of course so long as the dollars
plished at the least present expenditure for premium and his dead silver dollars.
the
that
leave the
interest.
On
we have given reasons
we proposed would be most
previous occasions
for believiDg that the method
efEective
and would best
however,
it
suit
the
conditions; of
course,
could not promise favorable results after the
floating supply of 4s is exhausted
by purchase,
as trustees
are in the Treasury they count as currency just as truly
as
when they
are oat, but in no sense are they active cur-
rency except as
for
can overcome
he
them and get them
the public
into circulation.
The
distaste
first
table
above given shows that the Secretary's net holdings of
silver on Sept. 1 were $3,924,500 less than on August 1.
But that is not all the silver or silver certificates put afloat
and other holders of the 4^s could not then find a subStill,
stitute in which to reinvest the money received.
perhaps enough bonds can be got at about current prices that month. Daring the same time there were coined
to meet the year's wants; at present, at least, judging 2,544,000 standard dollars, which must be added to the
from appearances, there seems to be no lack of willing above. Hence through the agency of the small certificate
act, $6,468,500 in silver has been floated in August.
sellers.
It may also be of interest to note how the sdver certifiBut the main point we had in view to-day was to show
in connection with the changes referred to in our bank cate bill has worked from the start.
It will be remembered
reserve and the accumulations in the Treasury during that it was passed in July, 1886, being attached to the SunAugust, the need there was for this week's bond dry Civil Appropriation bill. It was not, however, until
purchase.
The payments for last month's purchases we about the first of October that the new ones began to
have already referred to.
It seems,
however, that appear in circulation the usual hindrances in preparing
—
notwithstanding
disbursement of
and the plates delaying action. Since then the demand has
nearly 1^ millions in premium on that account, there has been constant and beyond the capacity of the Bureau of
been accumulated in the Treasury vaults during the past Engraving, until the past summer, when it was slack.
the
$5,998,950
month $9,304,144.
In other words, this latter sum has Now apparently the demand is brisk again.
The followbeen taken out of the banks of the country (probably ing shows the amount of silver which has gone into circuabout two-thirds of it out of the New York banks) lation since this new device (the small silver certificate)
because our taxes (even after paying 6 millions of debt
without counting premiums paid), were in that further
amount
Government requirements, except
$590,000 which was due to decrease of the amount in
in
excess of
That seems to be the conclusion which
Treasury statement of its
depositary banks.
must be drawn from the
currency holdings, which, given in our usual form,
as
ia
was introduced.
Net
Net
silver in the
Put
afloat since
Here are
follows.
July
net holdings of
Gold
Jan.
1,
1887.
Au^list
1,
Sept. 1,
1888.
1,
1888.
186,878,669 »208,608,130: 1200,301,129 1194,592,280 $206,383,036
SllTer
73348,425
45,294,753
46,744,583
46,697,846
42,773,348
U.S. Notes
20,013,797
15,424,425
83,928,200
89,825,740
41,580,393
Bank
Notes....
197,046
164,098
853,770
164,196
138,441
Fnw'nal Silver'
27,094,192
24,383,290
26,022,261
26,168,216
25,877,208
In Snb-Tr'sar's tSC7,&29,129 1293,874,891 1307,249,943; »307,448,278
t816,752,422
In depost'r Bks
22.991,302
52,199,918
60,0:5,601
89,681,642
1,
from August
1886
07,649,504
Treasury September
August
over
$97,745,950
1886, to Sep-
1,
1,
1,
1165,395,454
42,773,346
1888
1886
$123,622,108
122^ million
silver put
That this increase
was almost all in certificates is seen from the fact
that the silver dollars afloat on September 1, 1888, were
in
D. S.Treagwrtr^g
Treasury August
silver in the
Silver dollars coined
tember 1, 1888
circulation since
August
1,
dollars
in
1886.
$55,433,388, against $54,119,362 August
1,
1886.
MAQNITUDE OF THE RAILROAD INDUSTRY.
The
railroad industry of the United States
such magnitude that
would seem
is
assuming
as
if
in a very short
must lead every other industry
in
the extent of
it
59,091,239
Grand
*
total...
t330.S20.43t »348,074,609| »367,325,544 1367,129,920
»375,H43.681
time
it
capital represented.
Including minor coin.
NoTB.-Trade doUar bullion, of whicli the Treasuiy now holds
$6,400
we take no account of, as aUvcr bidlion Is not currency, and woras
hb change In the volume of the circulation, whether It is in
or out
294,
of
the Treasury. We include, however, in each case the
small item of silver
bunion Incorporated In the Treasury statement of net
sUver holdings
now amounting to f 4,572,010, since If we changed the official
figures to
that respect it might confuse some readers.
it
With its
rise in
importance, moreover,
plays an increasingly prominent part in relation to our
commerce, the experience of recent years
being that changes from prosperity to adversity anS vice
versa are closely connected with similar changes in the
entire internal
condition of our railroads.
For these as well as for
what has been said consists in its other reasons which are perfectly obvious, the figures
bearing on the future. So far as we can
judge the bearing upon the railroad system of the United States,
August surplus revenue must have reached very
nearly which Mr. Poor has this week furnished in the intro-
The importance
of
the foliowicg amount.
Bonds purchased
Premium on same (about)
Accumulations end of month
Approximate
The
total surplus
...""
[[[[
«R aos
ow
1400000
8'713'74l
|16 112 691
September the interest on the 4^8 fell due,
disbursement of about 2^ million dol'
lars; the Secretary has this week bought
over 6 million
bonds, the payment of which must bring
out about 7^
which
first
of
calls for a
ductory to his Manual, deserve and will receive careful
Mr. Poor's statistics are more elaborate than ever
study.
and the general compilation of tables at the
beginning must represent a large amount of labor.
could point out a number of particulars in which the
figures and statements given are open to criticism, but as
before,
Wa
and imperfections are almost inseparable from a
work of this kind, and there is so much of real, merit ia
the compilation, while at the sam-j time Mr. Poor stand
errors
Bbptembrr
THE CHRONICLE.
8, 1888,]
Rtipply these
alone in the attempt
to
there would seem no
occasion
general
statiattcs,
any but
speaking in
for
278
The funded debt
2,395 millions.
millions, against
only 2,320
for 1887 standi at 4,187
millions
in 1879, and the
unfunded debt at 295 millions, against 157 milliooi; total
It is of course unnecessary to say anything as to the stock and debt in 1887 (not counting current liabilities),
extent of mileage, for we have referred to that quite thus foots up 8,673 millions, while in 1879 it was only
In other words, in this period of eight
recently, and the facts are thoroughly familiar to our 4,872 millions.
readers.
It may be well to state, however, that according years 3,800 million dollars have been added to the stock
to Mr. Poor's Qnal figures the total new construction for and debt of United States railroads, the miles of road
the calendar yoar 1887 reaches over, rather than less, than represented by this increased capitalization being 147,999
It is quite notethirteen thousand miles— 13,0805 miles; also, that owing miles, against 84,393 miles in 1879.
to corrections for the earlier years, the aggregate number worthy that both in the earlier and in the later year the
commendable terms
of the
of miles of road in the
1887,
is
placed
work done.
United States on December
slightly less than
at
With
exact figure being 149,912 miles.
of
capitalii^ation
reference to the
mileage, Mr. Poor
this
31,
150,000 miles, the
on
that
finds
147,993 miles of line completed to the end of the
and debt should be so nearly of equal
amounts. For a time in this interval there was a tendency
of stock to increase faster than bonds, but
more recently
the tendency has been the other way.
From
fiaca'
years of the respective companies, the capital stock and
of stock
totals
the point of view of the stock
market and as
bearing upon the general financial condition of the country,
funded debt stood at nearly similar amounts, namely it is the additions during the last year or two, when new
$4,191,562,029 for the former and $4,186,943,116 for the railroad construction was especially active, that possess
latter.
In addition to this, there was $294,682,071 of the moat interest. The question as to the actual and
unfunded debt and $223,243,998 of current liabilities, so- comparative additions in these years is of importance as
that the total of stock and debt amounted to $8,896,431,. showing the mass of securities which the public, both in
For 1887
214.
In our issue of July 7, 1888, we showed that in the this country and in Europe, has had to digest.
the increase in stock, according to Mr. Poor, is 192
first six months of the current year $422,171,075 of
stocks and bonds were listed on our New York Stock millions, in funded debt 304 millions, and in other or
Exchange Board. Analysis showed, however, that only unfunded debt 14 millions, making 510 millions together.
$187,063,754 of this represented new issues, and even This is certainly a very large amount, especially if we
new construc- consider that it follows an increase of 320 millions the
be embraced to a year before, so that the expansion in two years has been
Still, there were nearly 830 millions dollars.
And yet these figures have been
large extent in Mr. Poor's totals.
2,000 miles not represented in Mr. Poor's totals, in ad- vastly exceeded in other years. Thus as against the 192
dition to which say 4,500 miles of new road have been millions of stock added in 1887, the addition in 1882 was
the greater part of this was on account of
tion
in
and
1887
therefore
must
laid in the current year to date.
If
we suppose
the whole
333 miUions, in
of this capitalized at $35,000 per mile of stock and debt,
millions.
the $8,896,431,214 total of stock and debt given in the
in 1887,
would be increased to about $9,125,000,-
tables before us
OOO
—that
From
9^ thousand million dollars.
we get an idea of the magniindustry in the United States.
It may not
to about
is,
these large figures
tude of this
1881
Even the
though
it
468 millions, and in 1880 313
increase of 304 millions in the debt
comes much nearer previous
maximum
does not quite approach them, the increase in that
item in 1882 having been 357 millions and in 1881 347
totals,
Moreover, as against the increase of 510 millions
in 1887 and 830 millions in 1887
millions.
stock
in
and debt
be amiss, however, to compare this with the capital and and 1886 combined, the increase in 1881 alone was
876 millions, and in 1882 was 738 millions. There is
only
eral manufactures and agriculture.
Of course the
such a striking difference between the last four years in
values represented by other leading industries, say gen-
purpose are those furnished by this respect and the four years preceding, that we have
According to that census, the capi- thought it worth while to bring it out. Accordingly we
tal engaged in manufactures in 1880 was $2,790,272,606. have prepared from Mr. Poor's tables the following interAllowing for a considerable increase since that time, even esting statement, arranged so as to show this contrast,
statistics available for this
the census of
1
880.
then the amount would
be small alongside the $9,125,- and at the same time exhibiting the changes for each of
000,000 of stock and debt comprised by the railroads. the
In the case of agriculture, however, the aggregate is
larger than that of the railroads.
including
fences
land,
$10,197,096,776,
the
and
The value
buUdings,
value
of
farming
1887.
1886.
1S86.
«
%
(
at
implements
4,191,562,029 8,999,508,508 3,'?17,697.832
stock
Increase.... 191,053.51' 181,810,676
55,081,146
Funded debt 4.186,913,118 3,882,966,330 3,768,727,060
Increctse
96,611,294
303,976,7^ 117.139,264
'
294,682.071
280,673,814
259,108,281
other debt
21.5b5.533
Intrease
14,441.685
14.008,157
.
and
live
machinery
sto'ik
at
at
$406,520,055,
$1,500,464,609,
of $12,104,081,440.
The value
and
the
value
making a grand
of
such comparisons
of
total
lies
showing that the railroad industry has now risen to
an advanced position, as compared with other
industries, that it merits like consideration and treatment.
Yet there are politicians and Government officials who
think they can strike at this vast organization and hurt
only the "bloated capitalist " and stock and bondholders.
in
Snind
of railroad
operations
— the
function
which these highways of commerce perform, and the
employment they give to armies of laborers ought to
convince any sensible man to the contrary.
The great development of this railroad industry in
—
Totals Yts.
«
%
3,762,016,686
J4,556,'03
Increase
16S,135.85S
686,063,101
244,666,506
• 14.258,689
510,038,564
320^615,473
1883,
1882.
%
»
1
166,134,115
1881.
15.756,786
19^.533,^72 r,r<lS,3i',434
1880.
*
Stock
Increase....
Fan ded debt...
Increase
other debt
Increase....
8,708,060,883 3,811,088.824 3,177,875,178 2,708,673,375
Grand
7,477,888,182 7,016,780,100 6,278,566,062 6,408,088.»87|
total.
Increase
*
483,501,446
3,869,118,772
total.... 8,673,187,216 8,188,148,682|7,842,683,179 7,678,399.064
such
The very nature
1881.
I
of farms,
stated
is
last eight years.
..
Total
i:
Trs.
*
333,(160,645 468,701,804 313,016,081 1^11,413,390
3.800.879,914 3,2a8,M3,323 2378,423,606 2,830,874,943
i(>5,33b,59> 357,"9,7n 347^48^3 lll.3S5,r7' i,iSij<)0.74'
l<n,oi4,759
288,928,286
270,170,062
888,7ee,2t!7
162,488,838
't,245,b77
47,404,695
60,^76.318
5fio8,S97
4bl.li5.6r73
7.^8,185,057
876,516,79s
ti2,044,i3i
530,020,740 3jlxtsAS,*S
Decrease to this amouut, this year.
For the four years from 1884 to 1887
inclusive the increase in stock was 483 millions, but ia
recent years is just as striking a feature as its present the four years from 1880 to 1883 inclusive it was 1,312
extent and magnitude.
While Mr. Poor makes the millions; the increase in bonds was 686 millions, against
capital stock for 1887 4,191 millions, in 1879 it was only 1,181 millions, and taking the total of stock and funded
Note the result.
THE CHRONICLE.
274
and unfunded debt
the addition for the 1884-87 period
is
under construction on the Sivannah
2,605 millions in the 1880-83
1,195
the additions in the last
though
is,
heavy
That
period.
less than one-half the
are
they
been,
have
years
four
we
additions for the previous four years.
of
millions, as against
shall
on which
road,
Western, to which
therefore, 'the
basis it
is
many
hardly inferior in siza to
our leading Western and
Northweatarn systems of
Gae of the peculiarities and advantages of the
Central Gaorgia
The Georgia Central has always occupied a leading
position among Southern railroads, but since the property
has a^ain been placed under Gan. Alexander's manage-
&
Altogether,
presently allude.
Central of Georgia system embraces abjut 3,000 miles of
roads.
TEE CENTRAL RAILROAD OF GEORGIA.
XLVin
[TOL.
is
that while the different parts of the
many
sys'em admirably supplement each other, aid
them form very important
tributaries,
nearly
of
the
all
—
separate roads are self-supporting
that is, aside from thd
trafiBc
which
they
furnish
main
stams, they are not a
in
the
interested
become
have
ment, and Northern
burden
the
parent
sydem.
For
insianc?, take the
prominent
on
conpicaously
m^re
a
occupies
it, the road
statement
of
auxiliary
roads, as given in
the
results
on
the
watched
being
are
ailiirs
and
its
before,
than
position
Gan.
Alexander's
report.
It
is found that in the case of
year
fiscal
company's
The
attention.
closest
the
with
parties
—
has hereiofore ended August 31, but under the Inter- only two of the roads namely the Western of Alabama
State law a report for the twelve months ended June and the Georgia Riilroai Compiny have earnings fallen
30
is
tie
required,
it
has
bean
determined
sama
the 10 months ending Juae
year
fiscal
so
report for
conform
the
to
period,
to
make
and
30, 1888, is
a
now
furnished; President Alexander's remarks on the results
for this period will ba found in full on another page.
—
short of fixed charges, and in those cases the deficiency
hardly more than nominal in amount, and there
special
reason in both instances for
it,
the
is
Western
Alabama having spant large amounts for new steel
and charged the same to expenses, and the Georgia
All the other aux
road having suffered from floods.
The new arrangement has one other advantage besides
roads have earned
avoidiog the necessity for miking twD distinct reports,
their
fixed
charges in
full,
is
a
of
rails
Railliary
if
the
bonds held by the Central of Georgia are disregarded,
very great, of preparing their report before the active and this qualification is important only in one or two
season for business commences, which was not the case instances.
As showing the low rata at which the Central of
when the fiscal year ended August 3 1, for then the labor
of balancing the accounts and compiling general statistics Georgia is capitalizid, wa may say tha", on the 1,519
had to be performed at the time when the cot'.on crop miles of road proper the total of bonds and all
enables the managers to complete the work, necessirily
it
guaranieel stocks stands at $26,366,056, being only
movement was in its most active stage.
The Georgia Central has had a very proiperous career, $17,357 per mile. Bat this does not allow for any deducand deservedly so. Ttie road is well located, connects tions on account of the investments in the auxiliary roads,
trafiBc centres, runs through
and drains a in the purchase of which the indebtedness was in part inwealthy section of country the Enpire Siate o! the curred. In last year's report $5,000,000 was allowed for
Ssuth is lightly capitalized, possesses a libaral and pro this, that being regarded as a very low cash valuation for
important
—
—
management, and these investments (including the bank connected with the
company). Taking the same figure now, the total of debt
Primarily a lina bet ween and guaranteed s'ocks would be reduced to about $14,000
gressive,
yet safe and conservative,
performs
its
to
a'l
functiocs as a public cirrier with due regard
the interests concerned.
the company is only 7^
$5,000 per mile, so that the
capitalization of stock and debt is but $19,000 per
Atlanta and Savannah, running through the central and
per mile.
best portions of Georgia,
million dollars, or less than
veloped
till
now
it
it
has been extended and de-
reaches or connects with
all
the prin
total
The
capital
stock of
having several lines in mile. At the sam a tim a tho system is well equipped and
South Carolina and a very important system of roads in has excellent and ample terminal facilities for the transAlabama. Among tbe more prominent points directly ac.ion of all its business.
reached by the system, as it now exists, may be mentioned
The most important new work of the year, we consider,
cipal points in the State, besides
Spwtanbirg (baginning on the northeast), Greenville, has been the extension of the Columbus & Western road
and Port Royal in South Carolina, Atlanta, Augusta, to Birmingham, Ala., and the proposed baildiag of the
Savannah, Macon, Athens, Gainesville, Americus, Albany,
"cutoff,"
as
it
is
called,
between
Elen,
Ga.,
and
and Columbus in Georgi'*, and Bufaula, Opaliki, Selma, Americus, Ga the whole system of roals to ba united
Montgomery and Birmingham in Alabama. At Atlanta in one organiz ition
the Savannah &
and
called
connection is made with the "Western & Atlaitic or State Western.
in
the
last
Tne
great
develop nent
,
road for Chattanooga, where various systems diverge to few years of the mineral regions (coal and iron)
the north, northeast and northwest furnishing a v.ry in Alabama, and especially in and around Birming•"igible romte to Savannah and the ocean from points
Tuis development
in ham, is fa-niliar to all our readers.
Tennessee and Kentucky, and connections wiih such im- has made nearly all the leaitng Sauthern systems
portant cities as Louisville and Cincinnati. Finally, the
of securing connection with that centre, and the
—
des'rous
system owns a line of steamships running between SavanGeorgia Central managemeat have bean prompt to see
nah and Northern ports like New York, Philadelphia and
The
the value of such a connection for their own road.
Bjs'.on.
What an important and necessiry adjunct this extension was opened the 1st of July, and gives the sysSteamship line is, may be judged from the fact that in the
tem a short and direct line between Columbus and Birtan months ended June 30, 1388, its net earnings amounted
piece of road bemingham. With the building of
the
to $457,614.
In what
called the system proper there are now 1219
miles of road, in addition to which the steamship lines
are
considered as the equivalent of 300 miles more, making
is
tween Buana Vista and Columbus
be extended to Americus, and
this direct line
would
with the construction of
Americus and Eden, already referred
more nor less than the
1,519 miles together. The auxiliary system is stated to
building of 180 miles of road straight across Georgia from
comprise 984 miles, but this does not allow for about 250
east to west^the Central will have a nearly direct route
miles indirectly controlled, which would raise tne
total to all the way from Birmingham and the mineral centre of
\,234 miles. Then there are 235 miles of new road
Alabama to the Atlantic Coast at Savannah.
the cut off between
to,
—
this
latter
being nothing
September
THE CHRONICLE.
1888.]
8,
The ultimate value of such a line may be judged
from the announcement which appeared in some
of the papers last week that the first cargo of 2,100
tons of pig iron, shipped from Savannah by the
City of Birmingham (the new steamer just added to
the Central Georgia fleet), had arrived at Philadelphia,
the iron coming direct, so it was stated, from the Bir-
mingham and Chattanooga furnaces. If shipments like
this can no w be made on favorable terms without the advantage to be derived from the new pieces of road under constrnction, it is clear that when the route has been shortened
by the building of these pieces the advantages in favor of
Total dabt, law arallabl*
But from points
greater.
still
beyond Birmingham the road should also get much additional traffic.
The Kansas City Memphis & Birmingham,
a new road forming almost an air line between Birming
ham and Memphis), and controlled in the in terest of the
Kansas Cuy Fjrt Scott & Memphis (the latter owning a
system of roads from Memphis to Kansas City), is being
worked by means of traffic arrangements in close har-
mony
with the Central of Georgia.
This permits of a
and mutual interchange of the products of the S^uth
and West.
free
With reference to the results
months covered by the present
of
to say, but that
Oat
the
favorable.
report, there
months the company paid
ten
intereet
all
operations for the ten
on
is
very
little
of the net income for
1.UI1.4I7.3M
Deeraaaa of debt dnrlns the month
Deoraaae of debt alnoe June 80. 1888
II 441 .IH4
PACIFIC RAILROADS.
Pr(ni!<po»!
A'<ira«
Outitaniing.
of Railieay.
I
Bv
by
I
~»
teen included $309,457 spent for
betterments and additions to the property.
THE DEBT STATEMENT FOR AUGUST,
The following
188S.
the ofScial statement of the public debt as
it appears from the books and Treasurer's returns at the close
of businesa August 31, 1888.
is
INTERBST-BBARINO DEBT.
8,9:5,382
11.720,(3fl
19,706 2,289,418
10,2831 1,962,793
l',3«7
CharacUr of
Jntw't
Ittue.
P'1)'W«
Q.-M.
41
1907. Q.-J4a refdtf.certfs. Q.-J.
pension .. J. A J.
Paciao RRa... J.&J.
Amount OuUianding.
BetMered.
184.667.850
Int.
35,3«6,900
903,791,759 105,575,500
•64,628,512
220.014.350
709,367.250
132.460
14,000,000
•64,823,612
68;i,083.112 140.92a,0Oo|!.0O8,lS7.572
.
Dim
Accruedi
3c Unpaid.
Coupon,
8a,
Interest.
1,628.320
4,404330
488,409
6,926
351.828
20,969,738
I
1,671.093
»jaoflU
141,064
646,2*5 -8,809,1471
84,«-J3,5I2
1311,728
21.SK.,225
1,103.619
|96.98»,80S
The slniiing funds held ($9,800,660 bonds and $7,307 cash) $9,807,957, of
which $2.0*8,875 was On accoont of central Pacific and $6,829.0^ on acoooot of
Ualun Pacltlo.
UNITED STATES TREASURY STATEMENT.
The following statement
the Treasurer,
was
for
August from the
issued this week. It
Is
offices,
the United States Treasury
August
for
July 31 for comparison
office
Jiif
based upon the actual
returns from Assistant Treasurers, depositaries
tendents of mints and assay
and superin-
and shows the condition of
31
;
we
give the figures
:
August
SiLVEU— Dollars.stand'rd
JULT
31, 1888.
Assets
SI, 1888.
matnrea Jan.
208,680.679
Net silver
In treas'y
(Asset)
40.697,846
66.2-i'>,303l
55.<'80,740
Certitlcates issued..
Certlflcates on hand
14,735.000
9J,0au
16,305,000
lOU.OOO
Certlflc's, net.(tl<iW!i(i/)
14,643,000
Net U.H.notea In treaa.
Trade dollar bullion
National Bank notea
certificates
Less amount held
in Treasurer's
caah
Less amount held In Treaaurer'a cash ...
Fractional currency
Leas amount eatlmated aa lost or deatroyed...
7,921,334
$56,807
int.
64B.-285
12. 158,441
9,0(14.850
709
1,715
8.:i»4
111,740
44,lao
129,901
n'bt&int.net(I/ui6i/ili/)
63.278
142,256
8,a22,5M
18,106,163
--
Res've for red. U.S. notes. 100,000,000
Fund held for redemp. of
87,819,565
notes of Nat. Banks
Five p. 0. f 'nd for redemp.
7,310,5681
of Nat. Bank notes
ioo.ooo.doo
Redemp.res'r.CZ/lrtbCill/) 195,130,1331
Nat. Bank notes in pro7,741,716
cess of redemp. .(Asset
Net res'rves.l Liabitityl
S.072.293
Post office dep't account.
Dtabnrs'g Office rs'bul'ces. 39,329,476
196,740,339
Dndlstrlb'd as.s'ts of f ail'd
National banks
Currency and minor coin
redemption account
Fractional silver coin
90.039366
6.710.473
8,034,838
167,338.417
188,865,701
.^449.248
31,836,548
1,487,854
680
re-
38.591.356-
124.750,394
823.187.728
15,528.762-
422,880
443,680
209,668,966
Treasurer's transf 'rcb'ks
and drafts outstanding.
4,026,333
4,200,582
Treaaurer U.S., agent for
paying Int. on U.Col.bds
.309.972
16,297,280
8,375,934—
6,921,316
»702.riS.6OO
165,915
2,619,180
43.607.705
U7.I
(tdabUUv)
46,190,847
48.490,1«7
•.$4S^6»3.4a7
341,0l>S,4«a
107,673,341
l«e,349.S3«
ISP.447
26,746,759
M,oaMM
133,900,527
132,61T,TW
Net bnlancti
1.017.676.124
2.453,265
1,883
Balancea .(Uablliiy)
.
9,538,"58
6,780
Total
(UabOity)
(Dt.on O.Col.bds pd (Asset)
Net
Interest.
1,00^,137,672
—
(Aaaet)
Aaaeta not available-
Minor coin
Subsidiary silver coin.
xaa.iM
702,718.500
Aggregate net Asset
l,718.a04,W?
1,716
43.880
823,117
demption account
Redemption and exch'ge
account
702,713.500
J
33.210
prep'd
11,845,000
$
Debt on which int. has ceased..
Debt bearing no Interest
Re^. &coup.
"
709
Debt and lnter'st.(4ssi!e)
346,881.016
14.735.000
90.000-
[nt.(LiahUity)
Fracr'i cur'cy refleeiued
U. S. bonds and inte'.st.
Int.ch'cksJk ecu pons p'd
347,417,998
1.972 856
4,076,892
2,478,668
167,926
165.915
due, unpaid
Acc'd lut., Pac. RR.b'd;
Debt and
e.48(),2M
I6a.1««
59,8S1,«4S
.
RECAPITULATION.
Interest-bearing debt
2.433.-285
1,617,157
Aggregate of debt bearing do Interest
Prtne<pal.
1.5S3.9I8
7,273,159
70,000
6J8.235
S8326.M0
8.40(l,-i94
356,300,748
i
883
161,311,750
Silver certidcates
— Aaaet'
Interest due, unpaid
Accrued Interest
49,010
310,0
33,209
.<4Tnoi*nt.
Old demand notea
Legal -tender notea
Certlflcates of deposit
Less amount held In Treasurer's caah
Balancea
16,200,000
41.580.393
138,44
69,091,238
Public 1>kbt and Int.—
Int. prepaUl not accr'd.
Debt bearinK no inrer'st
Int. on Pac. HR. bond?
DBBT BEARING NO LNTBREST.
I»4,S9a,!8(»
Certlflc's, net.tLtoMliti/)
estates notes
Matured debt
Inter't on matured debt
AgsreKate of debt on which Interest has ceased since maturity la 13,453,265
Interest due and nnpald thereon, tl65.915. This debt conalataot a number uf
items of which the principal amounts are called bonds.
131,('59,112
206.383,036
250,378.526
227,011,985
23,361,286
4,729,115
DEBT ON WHICH IXTBRB3T HAS CEASED SINCE MATURITY.
328.551,392
182,193,800
30.231,689
Total silver
(Aaaet) 252,432.312
225,187,728
Certlflcates issued
15,5-i8,762
Certificates on hand
Bullion
t
2.475,161
;
218,538.869
108,012,633
246,798,765
4,679,760
(
18^.493
16,
and
LloMUtfM.
247.859.402
4,572,910
1.140,441
1895; {640.000 Nor. 1, 1395; average date of
maturltr, March 18, 1895 »3,680,000 Jan. 1, 1896. 14,320,000 Feb. 1, 1896
average date of maturity. Jan. 18, 1890 ; $9,712,000 Jan. 1, 1897 ; t29,904,952 Jan.
1. 1898; tl4,004,5t'.0 Jan. 1. 1899.
Total debt
,24,8$l.a«I
I
Deposits In Nat. Banks..
Gold
868,283
6,fl77,01«
27«.S«5'33,128,80«
16,000 2,029,808
*
t
I
68,030' 8.020.238
Net gold in treasury.
• (i,382,000
VUtw
bonds, twelve months' interest oa the certi-
its
expenses there have
Aeirrecrate
I
(
Assets and
and twelve months' charges for
LialMUies.
rentals, and yet had left enough to pay 8 per ceat divi223.307.190
QOLD— Coin.
dends on the stock and various other but small items
107,828.240
Bullion....
after which there remained a clear su-plus of $239,051 to
(Attet) 331,13 1.-130
Total gold
IH1,:U1.750
Certlflcates Issued..
be addtd to the $239, 175 accumuUted surplus of other
38,591,35^
Certlflcates on hand
Certlflc's, net.(LlaW(itK) 124,759,394
years.
It should be said moreover that in the operating
1891.
n^f„f,f(
m'U:Bp.e.
nrtMrBhma.i*** ">
aervtet.
•
[
By auk pay-ff rntw'ft
Train-
portatUm
the a. a.
20630!. 31 ,218,0»1
«,80S,000
Unl'n Paolflc 27,888,612
Cen.Br. U.P.I 1.600,00(1
Weat. Paolflc l,870,Beo
Pitclflc.l
C* P.I
ptM
vet paid.
Gen. Paciao. SS.886,120
Totalu
Interett
aurutd
and not
»
Sioux
Int. repaiil fcy Comi>an<M.
Inlerut
ficates of indebtednesp,
4Ma
IIAl.ttt.Ml
Itanu
Natoaablntbe Traaaurr
twelve months
full
ouh
Oabt, lass caah in tha Treaanry, Sopt. 1. 1SS8
Dabt, laaa oaah In tha TraaanrT, Aux- l, 1S88.
Kan.
such shipments will be
275
bCMOuh tt«iiu»>IUbl« for reduction of th«d*bt...(»ill.2U,)IOI
Lmi rMcrra bald for red«mptlon of tJ.B.notw
IOO/MO,OW
9,704.467
1.723.006.800
THE CHRONICLE.
276
London, Aug.
of the
35, 1888.
of England did not raise their
Bank
would appear from thenrate of discount this week, but it
borrowing through their
last return that they have been
banks, thereby reducing the supply of
large buyer of silver.
put an end to
gold withdrawals, at least till the middle of October.
Towards the end of October, however, and in November, it
dearer. Owing to
is thought that money in London may be
the improvement in trade the internal coin circulation must
In Octobergold isalways sent to Ireland on account
of the large cattle fairs held in that month, while in November the metal is needed for Scotland because of half-yearly
settlements there in various branches of business. In conseincrease.
the supply of money in London will be
considerably reduced, and if at the same time there should be
a demand for gold from any foreign country, the rates of interest and discount at this centre may sharply advance.
quence of
all this
money have been
as follows
on the
state of the
bullion market
Gold.— Gold has befin in poor dem.ind duriuj,' tlie week, and tlio Bank
has received the bulk of the arrivals. The amount so puroh ised has
been £443,000, but £100,000 has been withdrawn for Lisbon The,
arrivals are: West Indies, £14,000; Hon? Kong, £5.000; Alexandria
£2,000; Bueuoi Ayrcs. £5,000; Australia, £300,000, and the Cape,
£14,000; total, £340,000. £10,000 has been .sent to Bombay.
Silver.— The (luotation for silver has hardly varied during the whole
week, and although Indian exchange fell somewhat, the outside demand
was more than suflicient on the scantily .sui)iilied market to keep the
rate steady at 42 ijed. The West India steamer brought £7,500. The
Bengal took £14.500 to Calcutta and the Valetta £18,600 to Bombay.
they have
r cent rate will be sufficient to
& Abell write
Messrs. Pixley
brokers from the otlier
ensuring that the
loanable capital in the outside market, and
when they next
lead
their
follow
to
have
will
banks
other
is the general
soon
this
will
do
advance their rate. That they
the past week
opinion, notwithstanding the fact that duriog
is
received a considerable amount of gold; but it
hoped that a 4 p
XLVH.
small, and that for that reason the peasantry will be unwilling to sell the new wheat freely unless the price rises higher
than now seems pribable. The general expec'ation of Indian
authorities, then, is that the export of wheat from India
during the coming agricultural year will bs rather under than
over an average; anl if this is so, India is not likely to be a
[From onr own oorrespondent.l
The Directors
[Vol.
Mexican
j
Dollars.
— Some
exceptional demands for Mexican dollars
caused an advance to 41:% 1. for shipment this mail to China. This
remains the quotation. There are no ar ivals to report. The Peninsula
& Oriental steamers take £57,031 to Cliina and the Straits.
The quotations for bullion are reported as follows
:
GOLD.
SILVER.
London Standard.
Aug.
23.]
Aug.
16.
London Standard.
Aug.
—
oz. 77
Bar gold, fine
Bar gold, contaln'g
20 dwta silver. .02.
Span. doubloons .OE.
3.Am.doubloon8.oz.
23.
d.
d.
Bar silver
oz. 42
Bar silver, contain
77 9
77 10
Ing 5grs. gold.oz.
Cake silver
Mexican dols
—
oz.
oz.
Aug.
16.
d.
1-16
12-42 1-lB
42 7-18
45M
41^
45 5-13
41^
The rejection of the Fisheries Treaty caused temporary
weakness in the market for American railroad securities early
for deposits by
in the week, but it rapidly disappeared as the conviction grew
Trade Bills.
Bank Bills.
Disc't H'se
that a serious dispute between the two countries was ouc of
Joint
At 7 to 14 the question, and President Cleveland's message to Congress
Fbar
Six
Stock
Ste
Three
Four
Three
i
Months Months Months Months Months Months Banks. Call. Boi/s. asking for powers to retaliate upon Canada had very little
1
The market remains as it was before, exceedingly
effect.
H1
JoJy » 2^ iSaiS i>«a - 2~a~ 2~<3)ZH 2«®2« 2*493
"
1
H I -1
27
i5i*u<i2 a - 2Ha - 2 a2^ a«S2«j23<@3
firm. The demand for American railroad bonds is strong,aad
-1
1
1
Aug. 3 2H zyiminmst - 2563- 2>«®- 2H® - S ® during the past week or ten days there has been buying on a
1«
10
25149 - 2%a - 3 a- 3 a- 3M® - 3X®
1«
17
a«a -,2T«» - 3 a- 3 a- 3X® - 3«® very large scale of Reading first fives; but there is almost
" 2* I 29«a2j«2?*a - 3 a- 3 aIK
nothing doing in shares.
The Bank rate of discount and open market rates at the
Trade continues steadily to improve. This is noticeable in
chief Continental cities now and for the previous tliree weeks every direction, but nowhere so decisively as in the iron
have been as follows:
industry. That industry is to3 vast to be manipulated as
were those in copper and tin towards the clo33 of last year.
Aug, 24.
Atig. 17.
Aug. 10.
Aug. 3.
Bates of
No doubt there is speculation, but it is based upon a real
Interest at
Bank Open Bank Open Bank Open Bank Op«n
increase in the home consumption and a development in the
Bate. Market Bate. Market Bate. Market Bate. Market
foreign demand, especially for South America, Germany and
The rates
for
Oi>en market
as follows:
Interest allowed
rates.
~
••
••
PMto
2«
B«illa
3
TnaMort
Bamburg
3
3
m
m
i«
3
Anuterdam
m
2>»
2
2X
2
BnuMis
3
3
25<
lUdTtd
4
Vienna.
4
S
3
2«
3«
3X
St. Peterabnrg..
Copenhagen
2
2K
ZH
2}<
3
2
2
3
8
3
4
2«
2«
m
3
3
3
2«
1«
1>4
3
2Hi
2«
2«
a
an
3
2)4
4
3X
4
3W
3
4
5
3)i
4
3M
5
6
4
5
3
3
a
3
The foUowmg return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.
compared with tlie last three years
:
CIronlatlon
PnbUo deposits
Other deposits
securities....
seearltlea
other
Beeerre of notes and coin
Coin and bullion
Bank
1887.
1880.
£
S
£
£
24,897,915
24,835.315
24,577,116
GoTemment
IVop. assets to
1888.
liabilities.
rate
Oonaols
Clearlng-Honse retnm
8,143,939
4,180,599
8,867,7i<5
3,652.938
24,118,044
23.574,171
23,939,819
81,078,479
in the near future
16.017,390
15.195.424
;4.088,370
15,956,290
18,483,287
18,919,780
19,837,298
21,197,242
wheat has risen about Is. 6J. per quarter this
week. The weather, though not bal, has asjain become unsettled, and ihis his of course affected the harvest estimates.
As wheat continues to ripen in this couitry while lying upon
the ground, the importance of heat and drought during the
—
...P.O.
11,027,392
11,794,117| 12,288,285
15,717,703
20,301,507
20.653,262
24.603,018
4S)i
3 P.O.
lOOM
.
. .
24,690,145
188S.
Holland. Our colonies, too, are taking larger quantities.
Therefore prices have risen sensibly within the past few
weeks, and have advanced further this week, while furnaces
long out of blast are again being lighted. In lead and tin,
The opinion is growing
too, a large business is being done.
that the great copper syndicate wiU be successful, at least for
the three years that its contracts with the mining companies
Copper smelters in this country have hitherto been
last.
buying very little, believing that the syndicate must break
down. Therefore the stock of copper on hand has been
increasing. But even the copper smelters are beginning to
feel that they cannot much longer avoid buying, and the
friends of the syndicate are confiden'; that its calculations
At any rate, a collapse of the syndicate
will prove correct.
123.898 000
21,870,180
43 11-16
3p.c
101 7-18
89.037.000
Sii p.c.
45
2
PC.
10011-16
lOO 5-16
90.036.000
;*1.448.000
The price of silver has fluctuated a good deal th^s
week It
rose on considerable buying for Russia,
where ic is said the
people are able to afford more sUver
ornaments than usual
owing to the good harvests of this year
and last. Wlien the
Russian buying came to an end the
price fell back to where
It started from.
The Indian demand, which is the
great
influence in the market, has been very
quiet, and is bkely to
contmue so. The Indian crops are all good,
and as the wheat
crop particularly, it is thought, is over
an average this year
we might expect a larger surplus than usual for
export that
rorplus bf ing in a fair -way to be disposed
of at higher prices
than have ruled for some year^. But,
on the other hand, as
the other food crops in several districts
last year failed it is
behoved by the best authorities that famine
in those districts
was prevented only by a larger consumption
of wheal; that
consequenOy the reserve of old wheat in India
U unusually
The
is
not
now thought
probable.
price of
ingathering sufficient to warm the soil is obvious, especially
in a year like the present. Wheat-cutting has become general
in England now, but it is oaly just beginning in Scotland.
Barley is yet untouched, and weeks will probibly elapse b;fore
the cutting of oats bagins. All rep jrts agree that the harvest
bid in France, Germany, Italy and Spain, ani it appears
thatdamiga has been done to thocrjpin Souh Russia, where
now only an average yield is expected.
The following shows the imports of cereal produce into the
United Kingdom during the fifty-one weeks of the season,
compared with previous seasons:
is
IMPORTS.
1887-8.
Wheat
Barley
Oata
Peas
Beans
Indian corn
Flour
cwt. 49.709,081
19,179,488
17,901,166
2,919,734
2,785,958
24,722, S75
17,563,424
1886-7.
1885-6.
53,667,662
16,319,338
13,990,991
2,498,889
2,505,941
30,614,829
16,426,798
48,854.307
9,880,020
ll,8'23,83l
2.092,K87
3,008,776
31,123,094
14,233,277
1884-5.
57,163,103
16,497,510
ia.758,607
1,916,554
3,530,053
27,483,123
16,237,453
Skftbubeb
THE (JHRONICLE.
8, 1888.]
Bxporlt.
Supplies available for consumption (exclusive of stocks on
September
1):
Imports of whoatowt. 49,709.081
17.503. 124
IiniMiiis of Hour
Biileu of lioiuo-Krown. 37,314,332
1884
57,165,103
lli,i2(l,798
1888-8.
48,8,14,807
14,233,277
31,498,742
41,309,832
40,0(i:»,r..:'.!
1886-7.
.'i3.(!67.662
.',.
16,237. 4.'>.1
104,580,337 101.593,202 104,397,416 113.472.07H
Total
Aver, price whont. ....week.
Aror. price wheat ...SOHSUU.
1885
1880-87.
1887-88.
9(1.
3fts.
30ll. 10(1.
32s.
0(1.
3:i8.
1(1.
329. 7d.
308. lOd.
The following shows the ([uantities of wheat,
maize afloat to the United Kingdom:
Wlieat
qrs.
Flour, onual to (ira.
M.ilzo
urs.
Thit veek,
1,756,000
152.000
333.000
188185
6.
33rt.
5.1'
33s.
3a
flour
l.C.TH.OOO
1880.
1,823,000
198,000
389.000
132.000
275,0OJ
234,000
2e8,000
daily closing quotations for securities, &c., at London,
are reported by cjable as follows for the week ending Sept, 7:
2^
Consols, new
do for account
Fr'oh rentes (In Paris)
U. 8. 412S of 1891
U. 8. 4s of 1907
Canadian PaciHc
&
St.
Hon.
Sal.
d.
iwrots.
fr.
Paul....
Erie conjiuon stock
nilnols c;(!ntral
Pennsylvania
& Reailing.
New York Central
Plilladclpbla
83U0
Tuet.
Wed.
42 >6
42ie
98»,«
109
84 07 "a
109
109
13Hi
131%
131%
59
74 '9
29
59
58 Ja
74 H
74%
28I9
ISli*
55 ''a
29
122
56>8
27%
2(!%
111'4
Thur$.
Ill's
109
109
109
131%
131%
131%
59
58%
58''8
7538
2979
73^8
122'4
563a
27'4
122 14
122I4
5638
112
II2I4
5638
73 k
29%
27%
29»2
122
o6'»8
27%
112
2,823
$484,100 $8,144,675
7,605,544
800,970
7,167,409
183,254
169,330
All other oountrlea..
12,0S«
89,503
197,393
27,883
12.147
816.104
$4,390
$1,255,754
1,421,940
1,272.988
3,9(18
Of the above imports for the week in 1888, |457 wera
American gold coin and $1,530 American silver coin. Of the
exports during the same time $19,971 were American gold
coin.
us the following, showing the amounts of national bank notes
August 1, together with the amounts outstanding September
1, and the increase or decrease during the month; also the
changes in legal tenders held for the redemption of bank
notes up to September 1
Fri.
42S,s
428,8
98^8
983, g
983,8
9838
985,,
980,6
84-121, 8!«Ji« 84-375a 84-37 13
42>e
9918
x98Ti«
993, a x98»9
421,
5i'»57
460,157
West Indies
Mexico
South America
rU.OSl
307
Changes in Legal Tenders and National Bank Notes to
1.—The Comptroller of the Currency has furnished
The
XofKfon.
i',206
12,000
('nuiae
Sept.
KoKllab Flnaaolal markets— Per Cable.
Silver, per oz
SinttJan.1.
$7,109,884
331,550
aa,S68
159,590
Qermvir
Total 1888..
Total 1887.
Total 1886..
Wuk.
8ineeJan,\.
$471,500
Qreat Britain.
and
1887.
1,828.000
Lniit iceek.
Imporlt.
BUvtr.
Week.
1887-8.
ClUo. Mil.
277
}fational Bank Note9—
oulstandiuf; August 1, 1888.
Issued during August
retired during August
$249,434,573
Amount
Amount
Amount
Amount outstanding September
1,
$492,355
3,693,433
3,201,078
$246,233,495
1888*.
Legal Tender Ifotet—
Amount on deposit to redeem national bank
notes AuRu.st 1, 1888
Amount deposited during August
Amount reissued &, b'nk notes retlr'd in Aug.
$90,560,370
$1,214,496
3,675,083
2,460,587
2738
Hi's
Amount on
deposit to redeem national bank
notes September
1,
$88,099,783
1888
Clroolatlon of national cold banks, not Included above, $199,067.
National B.vnks,
organized since
—The following
last advices
national bank has been
:
First National Bank of Tower, Minnesota. Capital, $50,000.
U. A. Ware, President; GeorRO W. Hertges, Casliicr.
3,924—The
IsipORTS
AND Exports for the Week.
—The imports of last
week, compared with those of the preceding week, show an
The
increase in both dry goods and general merchandise.
total imports were f 3,667,361, against |7,615,385 the preceding week and $9,361,315 two weeks previous. The exports
for the week ended Sept, 4 amounted to |5,518,661, against
two weeks previous. The
following are the imports at New York for the week ending (for dry goods) Aug, 30 and for the week ending (for
general merchandise) Aug. 31 also totals since the beginning
of the first week in January
FOEEION IMPORTS AT NEW YORK.
$5,233,213 last
week and
According to the above, the amount of legal tenders on
deposit September 1 with the Treasurer of the United States to
redeem national bank notes was $83,099,783. 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 as follows on the first
of each of the last five months
:
June.
1.
Ked'c'g undr
act of '74.*
Total
•
July
1.
Augtut
1.
1,135,883
7,012,738
1,116,503
7,130,011
1885.
Dry Goods
$2,936,964
6,271,787
$3,008,930
5,265,866
Oen'l mer'dlse
1887.
1886.
$3,156,885
5,510,476
95,480,356 94,468,993 92,517,977 90,560,370 88,099,783
Act of June 20, 1874, and July 12, 1882.
—
Eight months of 18B8.
Denomination.
$8,274,796
$9,208,751
$7,761,327
Gen'l mer'dlse..
$69,277,115
188,196,372
$81,013,609
212,608,186
$85,687,698
233,522,540
$90,379,577
227,092.616
Total 35 weeks.
257,473,487 $293,681,795 $319,210,238 $317,472,193
1.
Dry Goods
Talue.
Eagles
Half eagles
121,420
74,000
2,428.400
740,000
195,420
3,168,400
1,595,162 il,704,793
2,544,000
2,544,000
20,185.433 20,185.433
735,040 14,700,800
551,186 5,511,860
293,057 1,465,285
15,873
5,291
145
58
10,830
10,830
Three dollars.
Quarter eagles
oUars.
Doll
Total gold
The following is a statement of the exports (exclusive o f
specie) from the port of New York to foreign porta for th e
week ending Sept, 4, 1888, and from January 1 to date:
EXPORTS FROM NEW YORK.
1886.
1885.
For the week....
Prev. reported..
$0,438,297
215,131,496
1888.
1887.
1
.$6,365,586'
.$6,725,051
203,U77,202j 200,952,282
$5,518,651
189,072,068
Standard dollars
Half dollars
Suarter dollars
232,000
340,000
Imes
3,116,000
Total silver.
Five cents..
Three cents.
One cent
Total minor
.
58,000!
433
1,000433
34,000
2,126,087
Total coinage.
217
250.108
212,609
"I.
2,636,000i 23,312,386 20,648,307
786,000
39,300
8,679.533
39,433
433,977
67i',83i
6,718
23,544,26-1
235,442
1,457,831
46,018
32,203,230
670,602
4,769,251
5,850,418
Jotal 35 weeks. $221,572,793 $2 10.342,788 $207,677,333 $194,590,719
The following
Yalue.
Pieces.
Piece*.
$
Double eagles.
$8,667,361
Total
Since Jan.
1,061,359
6,842,769
Coinage by United States Mints. The following statement, 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 eight months of 1888.
1888.
$2,628,990
5,132,337
$
1,098,179
6,991,804
86,951,899 86,222,479 84,369,536 82,470,387 80,195,655
Atigtisf.
For Week.
Sept. 1.
1.
$
$
$
$
1,153,500
7,374,957
Insolv't bks.
Llquld'g bks.
$5,757,531
;
May
DepotUt by—
1,183
57,171,078 43,023,762
shows the exports and imports of speci e
Bonds Held by National Banks.—The following interestfor the week ending Sept. 1, and ing statement, furnished by the Comptroller of the Currency,
since January 1, 1838, and for the corresponding periods in
shows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank
1887 and 1886.
We gave the statement for August 1
depositaries on Sept. 1.
EXPORTS AKD IMPOSTS OF SPECIE AT NEW YORK.
in Chronicle of August 4, page 131, and by referring to
at the port of
table
New York
that the changes
Imporli.
ExporU.
made during
the
month can
tje
seen.
Gold.
Week.
Great Britain
$
\SinceJan.l.
$6,388,830
Week.
.......
21,9(10
Germanv
6,322,975
5,008,068
West Indies
Mexico
South America
All other countries...
Total 1888
Total 1887
Total 1886
19,97i
412,i»2
604,418
$19,971 $18,758,983
10,000
6,236,164
13.644 37.015,230
Since Jan.l.
$1,768
2,606.524
XT.
Deieriplion of Bonds.
936,s(i7
3,306
2,166
592.685
500
3;i,.547
11,523
221.709
212,263
$17,507
$4.60.->.363
3,153,121
13,495,890
7.975,232
2..563,012
Act July 12, 1882.
Currency 6s
4>s per cents....
4 per cents
3«,
Total
8.
Bonds Beld
Public Deposits
in Banks.
Sept. 1. 1888, to
Bank
Secure^
Total Beld.
Circulation.
$135,000
$37,500
$172,500
1,201,000
17,263,500
37,478.500
3,23 1,000
4,432,000
68,620,300
104,620,050
142.098,550
$56,078,000
8176.508.850
$232,586^850
85,833300
THE CHRONICLE.
*278
Government Revenue and Expenditubbs.—Through the
enabled
'courtesy of the Secretary of the Treasury, we are
Government
to place before our readers to-day the details of
and disbursements for the month of August
receipts
From previ iu9 returns we obtain the figures for previous
since the
months, and in that manner complete the statement
""
beginning of the fl<cal year for 18 J8-89 and 18S7
18S7.
1888.
Rtceipta.
OlM-
000a OmUted.
Inter'l MUc'ls
Tbtal.
AlV^H.
Total 2 months..
InUr'l Misc'ls
Rev'ue Sources
lotal.
Sowc'a
19.498
9,553
2,151
31.205
18,815
9,768
2,832
t
30.815
21,969
10,033
2.022
34.623
22,687
10,850
2,082
36.8 9
41.467 "ioTlsS^
T,178
4,911
66,434
~i~ ~»~ ~i~
t
Jnlr
Cmtoms.
Ilf.V^UC
toms.
20.618
40,902
65.828
[Vol. XLVII,
which includes the time from the bpginniog of the
deposit of old securities under the plan of reorganization,
June Ist, 1887, to the end of the current fiscal year, Noveminterest,
ber 30th, 1888.
—
Portland & Ogdensbnrg. The Receiver has been discharged, and the road, under the recent lease, has now
become a part of the Maine Central system.
Railroads in New York State. The roads below have report' d to the N. Y, State R.R. Commissioners for the quarter
ending June 30, as follows:
r-y. r, L. E. (t West.-~
^Went. V. r, if Tenn-,
188-'.
1888
1887
1887.
$742,0.^6
$674,286
Grosseamlngs
$6,777,729 $1,5H5,.5.52
—
4,225,964
4,084,563
521,946
498,598
Net earnings.... $;,551,765 $2,480,987
$220,110
$175,668
Operating expenses.
Per cent
to leased
588,442
531,902
$1,963,323
288,497
$1,949,085
293.833
220,110
$175,668
$2,251,820
1,814,908
$2,242,918
1,866,207
$220,110
15'^,424
$175,668
149,719
$136,912
$376,711
$61,686
$23,949
lines
1887.
1888.
I>i3bur$ements.
OOOs
miUUa.
Ordinary.
Pen-
Inf.
4
1
sions.
~»~ ~»~
t
Jaly
Total 2montha..
Total.
Prems.]
Pen-
Int.*
nary,
sions.
Prems.
t
»
1
OnJt-
12,651
14.554
10.980
11.394
8,938
1,742
3H,141
23.»3i
25,948
10,678
60,257
t
t
1
14,756
8,033
11,448
10,947! 16,500
24.116
l'
25,703
1,270
27.949
Total
t
35,137
28,717
10,203 _()3,854
Balance
Other Income
Total
taxes
Int.,
&.
rental.
Balance, sur
Railroads of the United States In 1'87.— From "Poor's
Riilroad Manual" for 1888, just issued, the following summary of statistics for the year 1887 is taken
Philadelphia & Reading.— The Chronicle gave last week,
on page 256, the terms of the R- ailing income mortgages as L-ngtb of track laid up to Dec. 31, 1887
to the meaning of the words "net earnings,'' There has never Of which were completed up to the close of
before bten so large an issue of income bonds having so
the respective companies
prominent a place in the markf t, and it becomes of much importance to holders as well as to dealers that the rights of
these bonds for the payment of interest each year should be
A-^ the year goes on and the net earnings
•clearly underslood.
of the company are announced from month to month, the
holders of the bonrls will undoubtedly suppose, in the absence
of any announcement to the contrary, that these net e rnings
are applicable first to the p-yment of fixed charges and then
to the payment of their income bond interest, and they will
figure the value of their securities accordingly. But the managers might announre on the first of February in any year that
they had delermin< d it was for the best interests of the company that all (or some part) of the net earnings of the previous
fiscal year over and above fixed charges should be applied to
«uch reasonable improvements of and additions to the property
as they dtem necese-ary for its safe, proper and economical
•operation, acconling to the terms of the mortgage.
In such
an event there would probably be disappointment among bondholdeis and a corresponding outcry against the managers.
To avoid such a contingency and to give the income bondholders rea-onahle certainty as to their prospects for receiving
interest, a settled policy should be adopted, and if there are
deductions to be mide f'omthe monthly net earnings for
"improvemen s" and "additions," the amount of sujh de<iuctions should be announced each month, and the remaining
net income applicable to fixed charges and income bond interest eh' uld be statf'd.
This subj ct is pertinent at the moment on account of the
large earnings of the Reading Company since July 1. 1887,
.and the fact that the first coupon on the income bonds, due
February 1, 1889, is for eighteen months' interest, being 7^
l()er cent, and there is every prospect that the report of the
<;ompany for the year enoing November 30 will show that the
income bond inter- st was fully earned, with a considerable
surplus to spare. It is also to be ob erved that on such a
showing the claim of the second and third preferred incomes
for the payment of their 73^ per cent interest would be
equally as good as that of the firsts.
To show low the matter is regarded and how the figures
are estimated among bankers and br ikers, the f. Uowiog is
-quoted from the circular of Messrs. Robert Glendinning &
Co., of Philadelphia
Het oarninga of tlio company tor year 1887, applicable to
interest anil rentals
$12 430 053
Decrease first eight months current year (in consetiuence
'
of strike)
Kct earnings
for current year Ijasedupon last year's busi-
rrhc net earnln^'forthoYMt
*'"*30ih''
The Hxed
1,498,203
\
isss"™'""'
'™™
siymonths
June
1st,
o7Yas't
1887, to
yearwerei ^^"isisloil
November
eliarces if' the reorganizcd'cbmpany (tniindlng
lutereat ami rentals of both the railroad and coal
and
Iron companies) are $8,177,888 per annum, or for
the
'^^'^''^^''^
'
eighteen mouths as above
Surplus applicable to preference income bonds and stock. ."
$6,193,040
""""!" ''!»?» I'cjdcducted whatever amount is
..XS-'?'?for niiiiutaining
expenrtcrt
and npalring the proDertvot
the compaiij
147,998
Comp'eted since close of thelrfiscal years
lucreaseof mileage in the calender year 1887 (9-6 p. i)
Increase of mileage in the fiscal year 1887 (97 p. c)
LIABILITIES AKU ASSETS OF THE COMl'ANIES OWNING
147,998 MILES OF LINE.
1,914
13,080
14,392
THE ABOVE
LlabilU'ts.
$4,191,562,029
4,186,943,116
2»4, 682,071
223,243,998
Capital stock
Fundeddolit
Unfunded debt
Current debt
Total
rostKR.&
eq-pm't .'^7,799,471,835
Real est., sf cks, b'ds
& other inv'stm'ts. 984,075,945
Cash, lulls rec'iv'Ido,
cuireut.acc'ts, &c.
Total assets
3,896,431,214
liabilities.
415,506,735
$9,199,954,515
Miles.
Total mileage of railroads completed at close of fiscal .years. .. 147,998
136,986
or w^liich full statistics of operations were receivi'd from
Mileage of roads not reporting earnings, &c., consisting chiefiy
'11,012
of new roads uot yet brought into full operation
OPERATIONS AND INCOME ACCOUNT.
136,986-49
Miles operated
428,225,513
PasseUL'crs carried.
milB'ge.10,.570,306,710
Pass'ug'rs—
Tons moved
Tons one mile
Other receipts. Including rentals received
by lessor com panics. $83,164,355
5.52,074,7^^2
60,061,069,99 J
Tot.av'il'bler'v"niic.$114, 300,031
$24'>,.'542,876
Paym'nta fr'm Available Iter' nue
Interest on bonds.. .$195,418,710
Other interest
6,590,200
Earnings—
Passengers
Freight
Other
636,666,223
54,176,055
$031,385,154
Total
Operating expenses.. 000,219,478
Net earnings
—
90013,458
Dividends
Rental
Miscellaneous
$331,135,676
142,042,277
41,168,003
$375,233,548
Total
Balance
— Excess
of
available rev. over
actual pav'ts therefor the year... $39,060,483
from
* In 1887 the greater portion of the new mile.a.ge was built in the last
mouths (if the year, and cousequeutly had not been brought luto
operation until the .vcar 1S88.
all cases where the operations of leased railroads are separately
t In
reported, the lessors' income accounts hav>" been omitted, a duplication
of amounts under these heads being thereby avoided.
six
Westei n Union Telegraph.— Ttie new Collateral Trust
bonds authorized to be issued a^e for $7,500,000, They are to
retire a like airount of 6 per cent bonds and stock of the
Mutual Union Telegraph Company, which is now a Western
Union property.
—Messrs. Maitland, Ph»-lps
&
Co,, ag-'nts of the
Denver
&
Rio Grande RR, Company, give full particulars, in another
column, of the tender of $3,000,000 5 per cent 40-year gold
improvement mortgage bonds, S ockh'ilders of the road and
the public generally can bid for the bonis at prices not less
than 6214 ^'^'l interes',
Mes-rs. Hubbard, Price & Co, announce that on the 15th
inst. they will esttblish their firm in Savannah, Gi
opening
there a well-organized ofRc-", under the management of one
of the partners, for the transaction of a business similar to
that already conducted by the Norfolk hous
The style of
the firm there, as in Norfolk, will be Price, Reid & Co,, the
partners in the three concerns bein^ identical.
—
>.
,
and
forplus
Interest,
same
period. 7>2 per cent
preference IncomeSs.
on $16,765,o66"'s"econ(i
T.........
„
.
.
Snrplns
Interest,
same
period. 713 per cent on $20,1 si.OOO,' third
i "u
,
preference Income 6b
„
Surplus applicable to stock
The
2Hla.
149,912
the fiscal years of
,
12 266 83"
inclndlng "such reasonable improvements
ad(iti<,n»a.t snail be necessary for the
safe and economical (iperalKin of the eame.
Interest from June Ist, 1887, to November
30th, 1888
eighteen mouths, 712 per cent on $24,400,000
first
"1^
preference income 58
'....•
:
coupon
United States Siib-Treasary.— The following table shows
the receipts and payments at the Sub-Treasury in this city, as
well as the balances in the same, for each day of the week
1,830,000
""«! Oft
ojn
'^*"-"'''"*"
]
559 535
*1, 595
840
on the new preference income bonds due
m Jebruary next and
for eighteen months, or 1^4 per cent
first
Payments.
Coin Cert's^ Currency.
$
1
2,065,425
1,500,958 158,624,076
24,608,897! 19,973,012
3
4
5
6
7
3,744.303
2.235,434
2,376,147
2,573,42"
1,816,442
1,633,607
8,108,184
25,223,204 20,494,211
25,697,424; 20,428,911
2 .573,780; 20,484,754
20,844,477 20,575,003
12,956.205
15,632,618
Sept.
"
"
"
••
"
2,.534.896
is
te
Coin.
05737-
~«i
m.^ .-rr;
'"'•^"^•'"'S
j
Balances.
Reeeiptt.
pate.
Total
.
158,659, .77
158,669,547
158,638,639
158,545,656
September
THE CHRONICLE.
8, 1888.]
279
The
followin
ing were the r«tes of domeittic czchanga on
at the under-mentioned cities to-day: Savannah,
buying \ discount ; selling } diicount(Spar Charleston, buypremium; New Orleans, commercial,
ing par; selling \
par; o&nk, $1 premium; St. Louis, 60c. diacouut; Chicago^
60A70c. discount.
The rates of leading bankers are as follows
New York
UI VIDBNDSi
t
The following dlvldenda
taava
Samt of Company.
reoenUy be«n Mmoanoed
Boolu Olotut,
{Day inelutive.)
OenL Payablt.
Riillronda.
Atlftntii
C'lilf.
&
.t
prisf. (ijuar.)
1^
Councrllcul Itlvcr (quar.)
2
Boiithwi'st I'ciiuHrlvuulu
5
3
Siiiilinry .& I.cwlHtun
^
Wc'SLIlTHOy
Wi'itt Jti'soy
Sept.
Sept.
Oct.
2>a
Charlolt.'
Nortliwrstcni
Bept
Oct.
Ccpt.
Sept.
3Hj
2I9
A Atliiutlc
6 Sept.
21
3 to
September 7.
Hi<pt. 1 1 to Sept.
Sept. 16 to
2i),Hcpt. 10 to
I Sept. 4 to
15,rippt. 1 to
15'iJopt. 1 to
I
Bixlv Dnyi.
Demand,
4 85>3
4 88<4
Prime bankers' sterling bills on London.
4 83'4»4 84
Prime cnniniprolnl
4 83'4'»4 83:'i
DocuiniMitary commercial
5 22'a»5 21'8 8 20-'8»5 20
Purls (friincs)
Ainsterilam (guilders)
Fraukfort or Bremen (relohmarka)
40>8»
40i>,^»40^
40'>is
94^0 94^8 951499514
WAt.1. 8TltEET, FRIDAY, (September 7, 1888-3 P. m.
The MoiicT Market and Financial Situation.— There was
United states Bonds. Government bonds continue very
a little more activity in money thia week, and on Tuesday the dull as far as the Stock Exchange dealings are concerned.
brokers.
per
to
stock
to
4
cent
This
followed
rate was bid up
ThePrices are firm, however, and the 48 a little 1 igher.
a decrease in the bank surplus of |4,236,800 on Saturday, Secretary of the Treasury on Wednesday accepted over
the 1st inst., but on the other hand the Treasury purchases of
$0,000,000 of bonds at higher prices than hid lately been
bonds this week have amounted to $8,271,000, being much paid.
larger than in any previous week for some time past, and leadThe total payments made for bonds purchased from April 2$
ing to the disbursement of a corresponding amount of money to September 1 were $40,814,146. The statement for thi»
from the Treasury. Tne condition of the money market week is as follows
during the next two months must depend largely upon
the demand to move the crops and the supply to be
4 Per OenU due 1907.
4W Per CenU <J«« 1891.
If the price of
received from Treasury disbursements.
PUTcfc'M. Prieet vaUL
Pureh'ei.
PricM
poid.
Offering.
Offtrings.
wheat keeps up to present figures there is every prospect of an
11.000 *
115,000
early moviment of that staple to market, while at the South Saturday ... (2,850.000
10694
8S0
100
187
10.000
lOdX
60.0
cotton will probably call for the usual large amounts, so that Mondar
800.000
in a few weeks it is not improbable the financial markets will Tuesday.... 2.000.000
189
4,000,000 4,000.000
10691
Wedn'sdiiy. 2,388.000 8,150,000
be looking to the Secretary of the Treasury to keep money
es,Boo
1B.500
65,000
10««
—
:
1
'
easy.
this week a number of stocks, including particularly the coalers, tou?hed the highest prices of
the year, and Lackawanna the highest since 1882. There has
been some reaction from the extreme point, and St. Paul has
been noticed as the leader in this decline. But notwithstanding these movements, there has been no significant change in
affairs, and the transactions have been mostly by parties
•within easy reach of the Exchange or accustomed to watch
the ticker somewhere.
The railroad reports for the fiscal year ending June 30 are
beginning to come in now, and some of them show a handsome
The Southern roads ars
increase in business for that year.
particularly strong, while the duplication of mileage in some
parts of the West and the cutting iu rates has borne heavily
upon the net earnings of roads in those sections. The coming
months between this time and the end of the year will be a
very important period for the railroads, and while a large
volume of traffic is almost a certainty, the result
net earnings
will be the point most looked to by all persons interested in
Blocks or bonds.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1^ to 2^ per cent,
with 4 per cent an exceptional rate. To-day the rates were
li@2J per cent. Prime commercial paper is quoted at 4^©
6J per cent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £71,000, and the percentage of reserve
to liabilities w.is 44-55, against 44*17 last week; the discount
The Bank of France
rate remains unchanged at 3 per cent.
lost 5,125,000 francs in gold "and gained 275,000 francs in
At the Stock Exchange
m
silver.
The New York Clearing House banks
Sept.
1
showed a decrease
in their statement of
in surplus reserve of $4,236,800,
the total surplus being $10,766,625, against $21,003,425 the
previous week.
Tie following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks
1888.
Sep 1.
.
Diffr'n<f> fr'm
1887.
Prev. Week.
Btpl. 3.
~
1886.
Hejit 4,
$
49.ti'G.t>00
dlso'tti. S'Jl .73a.' 00 Inc .2.98S.!1()0
344,83M.9O0 339, lOij.OOO
Ix>au8 aud
82.804 lOOl Dec.4,S97 .SOO 68.''79,a00, 70 2.")S,:i(>o
Specie
7,773 00(1 Dec.
Circulation
43,200
8.114.000!
8, Oil.soO
412.132.3uOlDeo. 431,200 344.447,100 315, 951.900
Net deposlt«
23,,150,100
Le^al tenders..... 36.!)95,600 Enc
53,200 22,745,100
.
103.033,075 Deo. 107,800
1 1 9,799,700 Deo.4,344,600
liegal rcaerve
Eeserve held
Surplus reserve..
16,766,625|Dec,4,236,800i
88,111,775
9 1 ,324,400
487.97.'»
5,212,625
6,920,425
408,400
—
Exchange. The sterling exchange market has been very
dull all the week, and there has been no feature.
The market
is steady, however, and rates have been firmly maintained iu
spile of the latk of inquiry.
Posted rates are the same as a
—
viz., 4 8oi and 4 88i.
To-day the rates on actual business were as follows, viz. Bank4 84|@4 85; demand, 4 87}@4 88.
ers' 60 days' sterling,
Cables, 4 88i@4 SSf.
Commercial bills were 4 83i@4 83i.
Continental bills were: Francs, 5 22^ and 5 20; reicbsmarks, y4J@t'4| and 95^; guilders, 40@40J and 40i@40f.
week ago
Total.
.
..
41.500
1,396,500
10,500
10e«106«
JS.ISO.OOO
8.^05,000
10«H-10«J<
SinceApr.23
!27,8n,400
106M-108
18,':6»,300
8oa
127-129
I2f70-12»
closing prices at the N. Y. Board have been as follows t
The
Interest
Sept.
Periods
1.
reg. 0.-Mar.
4'a8, 1891
coup. C >-Mar.
4>«8, 1891
reg. t:.-Jan.
1907
4s,
coup.Ci.-Jan.
49, 1907
reg.:.
J.
6s, cur"cy,'95
J.
reg. J.
68. cur" cy, '96
J.
cur'cy,'97....reg.|J.
68,
J.
68, cur'oy,'98....reg.'J.
IJ.
J.
reg.
68, cur'cy,'99
A
*
&
A
&
*
300
t4,587,7S0|»4,n66,000
This
Is tlie
Sept.
3.
Sept.
Sept.
4
5.
Sept.
7.
Sr.»t.
1
6.
•106 59
•10C.98 -lOeBs *106»9
•xOBiSs
•10658*106^
•.1C2713
128 "s
•120
•12213
•125'*
•128
•131
a
1
•<t
•127 «
•128 Is
"120
'122
•I25I2
-128
•131
'106%
* lOr,^ '106%
-1271a •127'8*128
1281a '128^4 "129
•120
•120
fl20
V •l-'2i2 •12214 122%
price bid at tlie mornlnjj board
:
*125ia*f25ia •1251ft
•128
•128 1*128
•131
'131 I'lai
no $aU was made.
Stale and Railroad Bonds.— State bonds have been excessively dull, and the market does not call for special comment.
In regard to railroad bonds the market has been fairly
Prices nave been almost universally strong, and sevactive.
few bonds have shown special
eral classes have advanced.
activity at times, with advancing prices; these include Erie
A
2d 8,
Ists,
Reading
preference
incomes.
Fort
Worth
&
Denver
&c.
—
Railroad and Miscellaneons Stoclis. Business was interrupted on Monday of this week by the observance of a closeholiday Labor Day and in addition to this the .Jewish Newr
Year holiday occurring later kept many brokers from theNevertheless, business has been more active than durStreet.
ing the previous week, fnd there has been some added interest
The temper of the market is still bullish, and
in speculation.
further improvement has been made in some of the leading aa
well as in some of the inactive stocks. There has been much
irregularity, however, and there has not been any general and
positive buoyancy throughout the list.
The coal stocks have been the leaders in the rise, and also
They have all advanced to the
the most active as a group.
highest prices of the year, and Lackawanna is higher than it
has been since 1882. The same reports in regard to the coal
business, &c., have been made, and there has also been a reported agreement between Reading, Baltimore & Ohio and
Jersey Central for a combination, which would give the B.
The grangers have been the
O. a through line to New York.
unsettling features of the market, St. Paul having been subjected to considerable bearish pressure on Thursday, which
Rumors in regard to the St.
affected the others of this class.
Paul were circulated relating to a new issue of bonds, and the
But the new bond
passing or reducing of the next dividend.
issue was denied at the ofiice, and the dividend question haa
not yet been acted upon, so the rumors were incorrect, to aaj
—
—
&
60,762.700
Capital
Surplus
Thursday...
Friday
:
the least.
The Northern Pacifies and Oregons have continued almost
uninterruptedly strong on bull points and the continued large
Oregon Navigation was ii)eci8lly
increase in N. P. earnings.
Of the
strong on Thursday, thouah it slightly reacted later.
G.)uld stocks Missouri Pacific has been the feature, having
been quite active and strong all the week. Western Union
The Eries have been more prominent than
also advanced.
usual, both bonds and stocks having had some activity, and
advanced to the highest prices of the year.
THE CHRONICLE.
280
STOCKS-PRICES AT
N.T.
STOCK EXCHANGE FOR WEEK ENDING SEPT.
[Vol. XL^Vl
7,
HIGHEST Airo LOWEST PRICES
STOCKS.
Bn.
ActlTe
Atlantic
Stocks.
& Pacillo
Oanadian Pacific
Oanada Southern
Central of New Jersey
Central Paclttc
Chicago Burlington & Qulncy.
Chicago Milwaukee & St. Paul.
Do
pref.
& Northwestern
pref.
Chicago Eock Island & PaolHe.
Chicago St. Louis & Pittsburg.
pref.
Do
Chicago St. PaulMln. & Om..
Ohloago
Do
Do
pref.
OleTeland Col. Cln.& Indianap
Columbus Hocking Val. <fe Tol
Delaware Lackawanna & West
Denver & Kio G., assessm't pd
Do
pref.
Skst Tennessee Ya.
& Oa. R'y
Do
Do
Istpref.
2d pref.
Evansville & Terre Haute
Fort Worth & Denver City
Green Bay Whioua<S£ St. Paul.
Illinois Central
& West
Kingston* Pembroke
I*ko Erie & Western
Ind. Bloom.
Do
pref
Lake Shore & Mich. Southern.
liOng Island
& Nashville
New Alb. & Chicago...
liOmsylUe
Louis.
Manhattan Elevated, coiisol..
Michigan Central
MIL Lake Shore & West
Do
pref
Minneapolis
Do
& St. Louis
pref
Missouri Kansas&Texas
Missouri Paciflo
MobUe&Ohio
*10 " 11
Na8hv.ChattanooKa&St.Loui8 *82
84
Hew York Central & Hudson. 108% 109
I
Kew York Chic. & St. Louis.
Do
Istpref.
Do
2d pref.
Hew York Lake Erie & West'n
Do
pref.
New York & New England
Kew York Ontario & West
Hew York Sasq. & Western.
Do
pref.
.
*39
28
'63
.
HorfolkiSc
Do
Western
1938 19»8
5314 533a
2738 27%
6118 61=8
pref
Horthem Paciflo
Do
OMo &
pref
Mississippi
Oregon & Trans-Continental.
Peoria Decatur & Evausville.
Phila.
23
23
28>3
2912
24 5g 25
52
52%
& Read. Vot. Trust. Cert.
BlohmondA WestP'tTerminal
pref.
_ Do
2514
2538
73
74
Home Watertown&Ogdeusb'K 88
91
Bt Louis & San Francisco
3214 3212
Do
pref.
72
721a
Do
Istpref. 112% 112%
Bt Paul & Duluth
59% 5973
Do
pref
101 IOII2
Bt Paul Mlnneap. & Manitoba 108 14106=8
Texas &Paclrtc
2438 2478
Texas & PaclHc Laud Trust..
2412 24%
Union Pacitlc
60% 611a
Wabash St. L. APaclHc. ..
*14
15
Do
pref
2738 2738
Wheelmg & Lake Erie, prof.
57I3 5838
i
.
miscellaneouiii Stocks.
Colorado Coal ife Iron
Consolidated Gas Co
36I4
8131
Delaware & Hudson Canal. !.'
Oregon Improvement Co
l^o
„
Oregon Railway
&
118
pref.
Nav. Co
•100
103
94
9414
37 14 37 14
*9l
93
OGas"
Western Union Telegraph
""
Kxpress Stocks.
Adams
American
*167
8314
167%
148
150
111
80
143
»109
UnltedStates
Fargoi
81%
68% 68%
PacidcMall......
Philadelphia Co., Nat
Pullman Palace Car
Wells,
381s
118
*79
Co....!I
137
active Stocks.
American Tel. & Cal)l6 Co.
Atchison Top. & Santa Fe
Chesapeake A (),, rcorg. cert
8312
*80
81
*88i4 881a
131a
Do l8t pref. reorg. cert *12ia
'lOia 1114
^".-''I'ref- reorg. cert. •1114 12%
r!i,i„
Chicago
& Alton
'133
136
Chicago A East Illinois'"!;"
Do
pref
92%
92%
Clncln. Ind. St. Louts & Chic"
x85% 85%
Cincinnati Wash, i Baltimore.
I's
I't
^^
pre'
413
413
Mahoning Coal Ry
•46
50
.
Manhattan Beach Co
•10
11
"»ven & Hart.;": '230
ShXi^'"^,
Ohio Southern
•13"a iiij
Oregon short Line
33>a 3313
Quicksilver Mining Co
*9
ICa
pref.;;;;;. •Seis 38
^..
T
Bt Louis Alt ATerrc Haute
*43>9 471a
*
Bt Iajuis Ark. ATcxas
Columbus A Hocking Coal
Ontario Silver Mining
Tennessee Coal A Iron
Amer
Cotton Oil Trust
•TpeLineCcrtltlcatcs
;
•
38% 28%
is ted.)
.....
.
371a
9214
3778
93"a
These are Uie prices bid and asked: no sale
was made at the Board.
;
Prices from both Exchanges.
AND SINCE JAN.
1,
1888.
Range Since Jan.
1,
1888.
Septimbkr
8, 1888.
THE CHROVICLE.
J
BONDS-LATEST PRICES OF ACTIVE BONDS AT
Bailroad Bondt.
7 Auff.Sl
Stpl.
Atl.
24 \
* P»c.— W. D. Inc., 68, 1910
81'«b.
.--•
Guar., 48, 1937
Can. Bonth.— l8t piar., 88, 1908 105
92
--••
M,S8.1918
lOS"*
iBt, 7b, 1890
OenUal of N.
llS^b
0on8Ol.7B, 1899
ISligb.
Convert. 7», 1902
105 >ib.
ConTert. dt'ti. 6b, 1908
105 b.
General niort.. 59, 1987
Leu. & W.B.,c<>n.7B, 190»,«a'nt 116
106 >«
Am. Dock A Imp.. SB, 1921
Central Paciflc—Kolrt 6b, 1898.. 114''8l>.
115'8l'.
Ban Joaquin Br. tiB.1900
lU3>sa
Laua tcrant 6b. 1890
102 b.
Mort. 6», 1936
Ohes. A O.— Pur. m. fund 6b, '98
coup,
ofl
gold,
8or.
B,1908,
a*,
Extvn. coup., 4b, 1986
24
ee.ottrrency, 1918
112
Mort. 6f, 1911
CheB. O. ,fe Bo. W.— 5-6b, 1911 .. 108 a.
Omo.Bur. A Nor.-lBt,.'J8, 1926.
Chic. Buxl. A Q.— Con. 78, 1903. 131 b.
105 lab.
Debcnturti 58, 1913
J—
24 "gb.
19
,
23''8
131 b.
105 ««b.
92 a.
Denver DlvlB., 48, 1923
A KHSt. 111. -Con. €8, 1934 117"4b. 117'4b.
Ohio.
Chic.
108% June
OO'e Auir.
108>3 Jan.
120
Juno
1231s Apr.
1051s June
10638 Juno
Aug.
116
109
June
no's June
110 1.1 July
103% Jan.
104=8 Mar.
10514 Feb.
1141.4 Feb.
62>4Mar.
62 Apr.
70»B Feb.
Apr.
28 Feb.
112i3Au>f.
16<>8
112a8
107'4
27i«Jan.
S4
May
Apr.
Jan.
80
104% Auk84
89 >4 Uar.
lOS b. 104 AOR.
118%b. 111>1 Jan.
ISZ^sb. 115
Jan.
105 >sb. 102 Feb.
104T81). 98
Jan.
n6>sh. 11212 Apr.
107 a. 101 Is Jan.
114%b. ....
liaia Jan.
llS^b.lliaHi Apr.
102>4b. 100
Apr.
102 b. 101 « Apr.
a.
90>sJan.
103 <4 Har.
98 Apr.
129 >9 Jan.
104 May
91 Mar.
113 Jan.
96 Apr.
114>sJan.
123>sJan.
109 Julj
A Ind. Coal R., 1st, 6b, '36 100 n. 100
11413b.
Ch.Mll.A 8t.P-l8l, I.A M.78,'97
125 b.!l24>«b.
CODBOl. 78, 1905
Ist, Bo. Mln. IJiv.— 68,1910.... 112% |111%1).
iBt, Cbi. A Pac.W.Dlv— 5b, '21 105»ab. 105 b ilOlifl Jan.
Wis. AMIn.Dlv.-58, 1921.... lOlHib.'lol'flb. '100 Jan.
100 Jan.
XemilnalSa, 1914
|139iaJan.
Ohio. A N. W.—ConBOl. 78, 1915 142 b. 142
130%b.!l33 a.'l2G June
Gold, 78, 1902
130i8b. 120 b.'IlS'* Apr.
BliikInK fund 6b, 1929
llO'sb. lioiiib.'ioe
Blnkiijg fund 5b, 1929
Apr.
Blnklngfund del>ent.5B, 1933 lllija. 1115,a. 107 May.
-'
-106
104 May.
a5-yeardebent.68, 1909
95Jsa. 95>iia. 91 1« Mar.
Eilension 4b, 19-26
Cbl. K. I. A Pac— 6s, coup. 1917. 131 b. ISHib. 130
July
10G>4
106
Exten.&col. 5s, 1934
104 Mar.
llOiflJan.
rai.8t.P.,M.AO.— Con8ol.6B.'30 121 b, 121
97
123
73
Aug.
llOisJuly
103 Jan.
134 June
10713 Feb.
95 Jan.
117% Aug.
IOOI3
May
119
128
114
107
104
103
Apr.
May
Feb.
Aug.
May
June
144i« July
I3219 May
121 Feb.
Ill Feb.
Ill I3 Aug.
IO6I3 Apr.
98
134
108
Aug.
June
May
I2319 May
May 100 19 Jan.
Jan. 131
1071a Jan. 113
Col. Coal A Iron-l8t, 6b, 1900.. 103»ab. 103'sb. 100
Jan. 106
84I9
Col. H. Val. A Tol.—Con. 5b, '31 t>2i2
84
63 Mar.
Gen. gold, 6b, 1904
85 a. 84iaa. 63 Mar.
85
Denver A KioGr.—lBt, 7a, 1900 121 b. 121 b. 1181s May 121 14
l8t con. 4a, 1936
77 b. 77 "4
75 Mar, 7913
Den.A R. Or. W.-lBt, 68,1911.
82
71 Jan.
83
AMented
74
7238a.
A Pac— let, 78, '05
Den. 80. Pk.
b.
a.
60
a.
71
Mar.
Aug.
76
81
43
July
May
May
Aug.
.Sept.
Mar.
Jan.
Aug.
Aug.
Apr.
Det.Mac.AM.— Ld.gr.3isB,1911 36>4b.| 36 b, 34 May
Jan.
KTen.V. A O. Ry.— Con.,58, '56 102>sb. 102'sb. 95% Jan. lOSH July
EUi. Lex. A B.8audy—6B, 1902.1 99>4b. 101>4b. 96 Mar. 104 Jan.
let. consol. gold, 7s, 1920 136
ISgiab. 13219
llliiab. I]2i4b.illl
Ii9i3b.il 20
Con. 6b, 1935
115
K.Y.L.E.&W— 2dcon. 68, IH'eoilOOi^
99
9218
88I9
Ft.W. ADenv. C.-l8t, 68, 1921 89>s
77%
Erie-
Long Dock, 7e, 1893
Oal.Har.A 8an.Ant.— Ist, 68,'10 10514b.
2d M., 7b, 1905
106 a.
WeBt. Division— iBt, 58, 1931.1 92 b.
Gr'nB.W.ASt.P.— 2dlno.88,1911| 38
Gulf Col.A8an.Fe— l8t,78, I909I1I8I4
Gold, 6b, 1923
96%
HendersonBr.Co.- iBt. 68. 1931 lOTi^b.
H. A Tex.
122%b.
iBt M. L. 78
lBt,We6t.D., 78,1891
122%b.
C—
let,WacoAN.78,1903
2d,con801. M. L. 8s, 1912
Gen.mort. 6s, 1921, tr. reo...
Ind.BI.
70
AW.- l8t,pref.,7B,1900
l8t, 5-68,1909, tr.rec
2d, 5-68, 1909, tr.rec
East. Dlv.— 6e, 1921, tr. reo..
Income, 6b, 1921, tr. rec
Int.
Gt.Nor.— Ist, 68,gold,'19
Coupon, 6s, 1909
Kent. Centr.— Gold 46, 1987....
Knoiv. AO.—lBt, 68, gold, 1925
L. Erie
Ist g., 58. 1937 ..
b.
St2
1
June
S9%
25
118
Sept.
106 1« May
Apr. 106 JiUy
Mar. 92 79 .Sept.
Apr.
42% Juiy
JiUy 122i4May.
94 July 9778 Feb.
10718 Mar. II012 June
123 b. Ill Mar. 123 Sept.
12^ b. 112 Feb. 12213 July
105 b.|105 June 114 Feb.
Feb. 108 13 Jan.
il02
65 Jan.
70 July
114191). 110
May I12I9 Jan.
I
93 lib.
72
9312b.
2312
106
70
I
b.!
b.!
80
May
65
80
15
Feb.
May
94
74
92
Sept.
Sept.
Mar.
25
Sept.
Aug.
oaiaMay. limjan.
61 Apr.
77 Jon.
7019b. 69 Jan.
75 Jan.
S9I9 Jan. 100 June
100
105 b.'lOlisJan. 110 May.
127 b.125 Feb. 12«i9 June
124% 122>«Jan. 126k May.
121 b.jllOisMay. I2219 June
114 b.lill Jan. 115 June
119%b. lie's Apr. 123 Feb.
11512b. 108i« Jan.
100 b.i 96I9 Jan.
114 b.ill4 Feb.
113=8 1109% Jan.
110i4b.'l06%Mar.
June
lOl'-sb. 101
y9%b. 99 13 Mar.
113 b.l07i4Apr.
...
„.
96 b.
87% Apr.
101»4b. 100 Jan
114 b. 108ie Mar.
100 b. 103 Jan.
26 May.
Illi8b.'107i9 May.
113
107 Mar.
120
115 Jan.
lOOisFeb.
105%b. 105 %b. 104 Jan.
mmb.
Pac. of Mo.— iBt, 68, 1888.
2d mort., 78, 1891
lOOijS Sept.
Apr.
961*
b.
104
69 b.
72 b.
100 a.
A W.—
106 b.
lAkeBh.—Con.coup.,lst,78,1900 127 b.
Con. coup., 2d, 7», 1903
124%b.
Long Island- 1st, 78, 1898
12lisb.
iBt, oonsol., 5s, 1931
Lon. A Nash.— Conaol., 78, 1898 11919b.
N. O. A Mobile— 1st, 68, 1930. 114 b.
2d, 68, 1930
99isb.
E. H. A N.— l8t, 68, 1919
114!>8b.
General, 6s, 1930
113^b.
Trust Bonds, 68, 1922
109 b.
10-40,68, 1924
10113b.
50-year 5s, 1937
99%b.
Lon. M. A. A Ch.— let, 6s, 1910. 113 b.
96I9
Consol., gold, 68, 1916
__ ,
Mem. A Ch'lston- 68,gold, 1924ll04i4b.
Metro. Elevated.— 1st, 68,
ill4i3b.
1908.
2d, 68, 1899
lioeoab.
Mlcb. Central— 1st, con., 78, '02128 b.
Cousol. 5s, 1902
MisB'rlPac- 1st, cons., 68,1920 112 b.
8d, 7b, 1906
118iab.
90
b.
38
9313b.
2413
A
98
IISH
93isb.
74
Mar. 138I9 Aug.
115 Apr.
120 Aug.
Jan.
Apr.
lOmFeb.
10414b.
10438b.
NOTB—The letter" b" Indlcatea price btd.and
OleHng.
BigKtMl.
104%
113
EXCHANGE, AND BANOE SINCE JAN.
JITOCK
I
II519 Aug.
100 May
llOisJuiy
May
115
110% May
104
Feb.
10238 Apr.
115 June
97
105 19
117
108
131
11119
Aug.
June
May
July
July
Aug.
|113"« Jan.
118 Feb.
lOSijJan.
108 May
" a" price cuked;
all
8ep(.
Lk.Bh.
A W.— 111,08.
1,
I88S
BaitotitneaJati. L,
BaUroad Bond$.
XrfNMfC
81»«b.
Oh.Bt.L.APitU.— lst,con.58,'32 97'«a.
C. C. C. A Ind.— Consol. 78, 1914 131 b. 131
HO b. Ill
Gen. 6b, 1934
N. Y.
Bang* Hnea Jan.
Oiotinff.
281
7Auii.ai
£owM(.
HiglHtL
118 b 121
110 b,
108 isb. 108 b.
107i«
107>a
00 b, 100 a,
118 Jnne 121% Apr.
11313 Uar 117HJaii.
109 >a Jan. Ill Kar.
104% Jan. 1081a Feb.
01 June 110 Jao.
Imp. A Equip.—6b, 1922
50^8 May
99 Feb.
Mo. K.ATex.— (!on., 6s, 1920... 67i«
e7\
97 >s •fane 73l4Jaii.
627g
Confl()l.,58, 1920
64^
64i4Aii«.
50>a Mar.
09
97
Oonsol., 7b. 1904-5-6
90 Mar. 1061a JaZ
Mobile A Ohio-New, 6a, 1927 .. 114>3a, 114i«a. 108>aJan. 116 Jao.
l8t, KxtenHlon, 68, 1027
104>aa. 104 >3 July 105>aJaii.
iBtpref. debentures, 78
43 Mar. 5414 Aug.
97
Mntual Un. Tele.— 8. f., 69, 1911 97
84>3 Jan.
09 July
129 b 128% Jan. 132 June
Nash. Ch. A St. L.— Ist, 7b, 1913 129
106
K.Y. Central— Extend., Ss, 1893
103 May. 106 >« Mar.
N.Y.C. AH.-lHt, CO., 78, 1903 134 b. 13414b 132% Jan. 136% June
110 b. 112 b. 1031a A
Debenture, 58, 1904
Apr.
pi
112 July
N.Y.AHar.— Ist, 7s, 1900... 132 b. 132 b. 12713 May 133 Jan.
92 14
02%
Nr.Y.Clilo.A8t.L.— lst,48, 1937
8614 Jan.
93 July
N.Y. Klevated— iBt, 78, 1906..
1151a
115 b. 114 Mar. llSiaJone
N. Y. Lack. A W.— l8t, 68, 1921. 131 >9». iamb. 127 Jan. 133 Jane
111 b.
Oonstruotlon, 58, 1923
107^8 Jan. 112 July
N. Y. A Nor.-lat, 5b, 1927
107 "8b. 10238 Jan. 1081a Sept.
N. Y. Ont. A W.— iBt. 68. 1914. lHi9b. 119
109 Jan. 115 July
N.Y.Sus.AW.- lstref.,5a, 1937 95
99
90 Mar. 9514 Atlje.
Midland of N. J.— 1st, 6s. 1910 114 b. 114 laa. 109 Apr. 114»8Jaly
N. O. PaolHo— Ist, 68, 1920
75 jfar. 83% Apr.
Norfolk A West. -Gen., 6a, 1931 119 >sb. 119 b. 1121a Jan.
2013 Aug.
116»8
North. PaoItto—lBt.ooup., 68, '21 1161a
11 5 13 Jan. II913 June
11214b. 111%
Gen'l, 2d, coup.. 1933
102 Jan. 112% Sept.
100
Gen'l 3d, coup. 68, 1937
97
89 Jane 100 Sept,
N. Pac.Ter.Co.— Ist, 68, 1933. .. 1051a
10413b 99% Jan. 105 13 June
117>sa.
Ohio A Miss.— Consol., 7s, 1898.
116^86. II413 Jan. 119 June
2d, oonsol. ,78, 1911
116 Apr. 119 July
OhIoSouthem— l8t,68, 1921. .. 104 b. 103 b, 9913 Jan. 106 >s Mar
45
42^8
2d,lnc.,68, 1921
29 Mar. 45 Sept.
Omaha A St. L.-lst, 48, 1937.. 72>3b. 72 lab. 70 Mar. 76 Jan.
Oregon Impr. Co.— let, 68, 1910 104 b. 104 14
94<4 Jan. 105 May
Ore. K.ANav.Co.— lat, 68,1909 109 "ab. 109%
108% Feb. 113 May
10.ii3
102i2b. 9614 Jan. 104
Oonaol.,5s, 1925
May
Oregon A Transcon.—68, 1922.. 102 a. 10038
93 Jan. 102 Sept.
Peo.Dec.A Evana.- Ist, 68, '20. 108 b. 109 b. 106 Jan. 112 June.
Evansv. Dlv Ist, 68, 1920.
102 Mar. 107 May
73%
2d mort., 5b, 1927
73
69 May
75% Apr.
Rloh A All.— 1st, 7a, 1920. tr. reo 56%
6613b. 51
Apr.
62 Aug.*
RIchm. A Dan.—Cons., 68, 1915 115 b. 11514b. 109 Jan. 116 Jane116 b.
Rooh. A Pitts.— iBt, 68, 1921
116 Mar. 118 Feb.
116 b.
Consol., 6s, 1922
113 Jan. 117i4May
BomeW. A Ogd.— lBt,7B, 1891. 109 b. 109 b. 107 Jan. 110% May
IO714 lOiiisb. 100=8 Apr. IO8I4 June-.
Consol., extend., 58, 1922
St Jo. AGd. lal.- iBt, 68, 1925 105 b. 105
98 Jan. 106 Sept.!
52 a. 52
40 May 52 Aug.
2d, Income, 58, 1925
8t.L. Alt.AT.H.— 1st, 78, 1894. 11313b. 113isb. 112 July 114% May
108 b. 108
2d, M., pref., 78, 1894
108 Feb. llOHJan.
2d., M., Inc., 7s, 1894
103 Jan. 105 Apr.
4II9
Dividend bds, 68, 1894
38 b. 35 Apr. 4238 Aug.
98>4
St. L. Ark. A Tex.— 1st, 68, 1936 9888
98 Jan. 10414 Feb.
37%
2d, 6s, 1936
37 b. 3618 June 4S>s Jan.
St. L. A Ir. Mt.— Ist, 78, 1892... 108 a 107 b. 1061a Mar. nils Jan.
2d mort., 7s, 1897
109 b. 105 J une 112 Jan.
Cairo A Fulton-lst, 78, 1891 104isa. 104 >3a. 102% July 10513 Jan.
85 b.l
92 13 Jan.
Gen. Ry A land gr., 58, 1931
80 Apr.
11314 Jan. 119 July
St. L. A San Fr.- 6s., 01. A,1906 117iab.ii8
117i9b.]118
11538 Jan. ligiaJuna
6b, Class B, 1906
117i9b.l
114 Jan. 119% July
6s, Class C, 1906
115isa.| 11513a. 112i3Jan. lis
Gen'l mort., 68, 1931
June
1014 101 b. 10038 Jan. 105 !« June
Gen'l mort., 58, 1931
Hll.
1921.
Ashland DIv.— Ist, 68, 1925...
Mllw. A Nor.-M. U, 68. 1910..
EzCenslon. iBt. 6b, 1913
Htnn. dt St. L.— iBt, 7s, 1927....
.
—
.
'.
.
.
'
So.
Pac, Mo.— 1st,
Paul M. A
2d, 6s, 1909
St.
68, 1888...
M.— Ist, 7a, 1900
12013b. 120
117
Ist eons., 68, 1933
Do
Montana
reduced to 4 198
.
b.
96iab.
Ext. 1st, 48, 1937...
b.
100
112
116
Jan. 102% June
Jan. 117 June
Apr. I12OI9 Aug.
116%b. 114 Mar. 120 Jane
98 13 Jane
96ieb. 96 H Apr.
8714b. 80 Mar.
87i3July
94 b. 90 Jan. 95
Apr.
36 14 Jan,
29 Apr.
35%
104 b. 97 Jao. I0519 Au«,,
82 a. 69 Jan.
87 May
Shenandoah Val.— 1st, 78, 1909. 93
39
Gen'l mort., 6s, 1921
So. Carolina— Ist. 68, 1620
b2
2d, 6s, 1931
Inc., 68. 1931
16%
16
80. Pac.Cal.— Ist, 68, 1905-12..
So.Pac.N. M.— iBt, 6a, 1911. .. 106 b. 106
b.
b,
13 Apr.
IIII4 Apr.
IO514 Jan.
41 Apr.
92 Mijy
A Pac— Inc. A Id gr, 78, '15
New lat, gold, 5a, 2000
94>B
94%
38 14 June
New 2d, gold, iuc, 5a, 2000.. 44 >« 43 >9
Tol. A.A. A N. M.— Ist, 6s, 924. 102
85 Jan.
102
Tol.A.A. A Gr.Tr.— Ist, 68, 1921 108 b.
101 Jan.
Tol. A Ohio Cent.— 1st, 58, 1935 100
99isb. 93
Jan.
Tol.St.UA Kan. C— Ist.Gs, 1916 9214b. 93%
91 June
Tex.
1
Union Pacillc-l8t,
68, 1899....
Land
grant, 78,1887-9
Sinking fund, 88,1893
Kan. Pacitlc— l8t,68, 1895....
Ist, 68, 1896
Denver Div.— 68, 1899
iBt conaol, 68, 1919
Oregon 8h. Line -lat, 6s, '22..
Virginia Mid.— Gen. m.,58, 1936
Wab. St.L. A Pac.-Gen., 68, '20
Chicago Divlson— 5s, 1910..
Wabash— Mortgage, 78, 1909
A
Wab.— Ist, eit.. 78, '90
let, St. L. Div.. 7s, 1889..
2d, extended, 7s, 1893..
Con., conv., 78, 1907
Great West.- Ist, 78, 1888.
2d, 78, 1893
Tol.
.
9513 Aug..
45 Aug.
104 May
107 13 May
101 June
94 Feb.
11513b. 114 Jan. ll7i3Juae
102T8b. 10213b. IOOI3 Apr. 104% Mar.
116 b. 120 b. 11313 Apr. 12 lis .May
110 b. 11014b. 10913 Feb. 11213 Jan.
Ill b. Ill b. 109% Feb. 112 May
116 b. 112% May 116 Apr.
109% 109 14 101% Jan. IIOI4 May
107 isb. 10738b. 100 Feb. 10913 July
84
84 Sept.
84 a. 78 Jan.
40 b. 43=8
37 Apr. 47 Jan.
93 Jan.
98% Feb.
84 Feb.
90 Jan.
Apr. 11
Aug.
11214b. 112 b. 107
lloiab. 110 b. 107 14 Apr. 111
July
90 b. 90 b. 85 Apr. 91 Feb.
88 b.
90 Jan.
83 Jan.
112 b. lll%b. 1051a Apr. III14 Aug
90 Jan.
90 b. 91 b. 85 Mar.
99''8 Jan
104=8 June
IO318
10316
West Shore— Guar., 48
A Lake E.— Ist, 58, 1926
other prices and tae range are from actual
Wheel.
18%Jail.
116 Mar.
1081a Mar.
511a Jan.
Iu0i4a. 9413 Jan.
llOQiaMaiy
sales.
STA.T8 BOND8.
SECURITIES.
Alabama Class
A
3 to 9
Class B, 5s
Class C, 48
68, 10-20
I
Memphis A
19061
Little
Arkansas Cential
Beorgia— 78, gold
Louisiana- 78, cons
8tami>ed, 4s
Michigan—7b
Rook,
RR
I
SECURITIES.
Ask.
Bid.
due 1889 or 1890
Asylum or University, due 1892
1894-1895
Funding
1892
New York—6s, loan
1893
68, loan
North Carolina 68, old
JAJ
Funding act
1900
Ask,
1906 1041410419 Mlssonrl—6b
1906
1900
Arkansas—68, funded. .1899-1900
78, Little Rock A Fort Smith, Iss.
78,
78,
Bid.
6
las..
—
New
Chatham
1890
1914
89I9
1890
bonds, J.
RR
A J. ...1892-1898
Special tax. Class 1
Consolidated 4s
68
SECURirrES.
South Carolina—68, non-fund.1888
3H
1893
Brown consolidated 6s
1892-1898
I^nnessee—6s, old
1912
Compromise, 3-4-9-6a
1913 102
New settlement—6a
i»ia 90
58
1913 69% 70
3s
as
10
15
Virginia—68, old
68) coneoUdated bonds...
1910
1919
Bid.
Rhode l8land-6B, cou.. 1893-1894
04
125
6s, consolidated, 2d series
6s, deferred, tnist reo
,
9I4
lOH
THE CHRONICLE.
282
New York
City
Bank Statement for the weekending Sept.
We omit two ciphers (00) in all cases.
as follows.
1, 1888, is
[Vol. XL\II.
SECURITIES.
&
Hnnlington
Loans.
Capital. Surplus,
Dfposits.
ieools.
Specie.
$
Bank
of ::Jew York..
MercLants'
Hechanlca*
America
Fbenlx
,
City
Tradesmen's..
Cliemlca!
Mercliants' Exch'nge
Gallatlu National
Batchers' & Drovers
Mechanics' & Traders
Greenwich
Xeathor Manufact'rs
Bevenih National
New
State or
York..
Amecican Exchange..
Commerce
Broadway
Mercantile
Paciflti
Eepuhllc
Chatham
Peoples'
North America.
Hanover
Irving
Citizens'
Kassan
Market
Fulton
<fe
Bt. Nicholas
fihoe
Leather
&
Corn Kxcbange
Continental
Oriental
Importers' & Traders'
Park
north Klver
East River
Ponrth National
Central National
feoond National
KInth National
First National
Third National
N. Y. Nat 1 Kichange
Bowery
l,000,0l 2,216,5
211,0
1,000,01
800,0
5,581,0
110,5
600,01
1,000,01 1,255,4
276,6
800,0
200,0
147,9
81,4
200,0
612,1
600,0
300,0
74,6
460,7
1,200,0
6,000,0 1,545,8
6,000,0 3,014,7
1,000,0 1,468,2
658,3
1,000,0
422,7
289,7
700,6
1,500,0
450,0
493,4
220.8
450,6
871,3
235,9
364,8
188,6
620,1
222,2
227,2
200,0
700,0
1,000,0
500,0
C00,0
600,0
750,0
600,0
500,0
1,000,0
1,000,0
300,0
1,500,0
1,798,9
300,3
347,6
3,606,5
1,704,6
110,7
115,3
1,167,2
502,2
200,0
263,8
6,629,4
2,000,0
240,0
250,0
8,200,0
2,000,0
300,0
750,0
500,0
1,000,0
203,6
116,9
352,9
83,0
218,4
617,7
661,3
341,3
344,9
481,4
161,2
226,8
239,2
408,1
300,0
21)0,0
Kew York County
Germi n- A.nierican.
Ckase National
501,6
1,000,0
. .
Iltth AVL'une
German Exchange...
Qenuanla
United States
Lincoln
Gaifleld
Kith National
Bank of theMetrop..
WestMde
8ealtoard
Bixth National
Western National
200,0
700,0
500,0
100,0
200,0
200,0
500,0
3Q0,O
200,0
160,0
300,0
200,0
600,0
200,0
3,500,0
197,1
139,8
77,4
35,6
Total
N. Y. Banks.*
.
Ang. 18
Sept,
1
25
1
^
820,4
367,8
116,0
130,8
662,7
383,1
448,8
4,716,0
3,043,0
1,997,2
3,884,f)
295,0
944,0
1,371,2
1,267,1
203,6
2,727,3
653,6
'^74,7
377,6
695,1
266,8
334,6
856,8
270,5
390,7
353,7
207,9
98,3
244,0
242,0
688.1
293,6
134,6
663,3
3,244,7
532,7
419,2
189,4
999,1
247,4
851,0
1,066,0
730,4
160,5
4,285,0
2,216,7
217,3
198,9
3,189,0
1,398,0
448,0
1,492,1
4,456,3
1,416,9
148,1
722,0
672,7
413,9
1,780,4
138,8
217,7
224,0
1,706,9
3,604,5
185,9
131,9
1,543,0
1,280,0
516,0
460,7
1,880,1
780,8
405,6
366,3
827,8
310,0
431,0
475,0
224,0
144,7
148,0
92,4
131,6
674,8
881,5
391,6
646,0
98,9
288,6
173.1
266,3
303,6
223,0
334,2
125,0
1,883,8
1,409,7
1,026,4
Specie.
Legais.
148,238,4
147,891,3
148,016,9
9,949,8
9,827,0
9,921,4
93,832,0
94,7,S0.0
1
95.508,0
$
I
SECURITIES.
3,240,7 117,227,1 6,352,4
3,308,0 116,218,6 5,782,0
3,185,2 114,860,5 5,763,6
29,086,0
29,389,0
28,498,7
£10.
77,331,8
69,324.6
67,643,5
98,900.5 2,727,5
97,612,5 2,703,2
97.667.0 2,688,0
JiMton & Maine
Boston A Prnvider.t e
Boston Rev. B. & Lynn
O^ifornia Southern
03ntral ot Maesachusette
53,166,3
89 -V
200
Burl. & Mo. R. In Neb
163
Exempt, 6b
2133, 214
Non exempt, 8s.. .!..."!
238
Land gran t,78...
California South
1st, 68.
43=i4
43ii
I
18in
39 >3
37
Pass
,
Preferred
8coU & Mem .
*• O. Jlemph. & Blnn. ..
I« ilsvllle Kviins. dtStL.
32
111
108 >2 1083<
132
83
41
Preferred
v..
101
5
{10
!!"!
M.UU hc^ter^fe Lawrence
Mexican Central
».Y. A N. Eng., pref
134 12
14H
117'i!
Horthem
143
K«rwlih <fc Worcester.ri. 178
Ogdensb.
&
Ijike
OidtJolonv
lii'
173
124
12
40
BONDS,
ToP«k»-l«t. 7«. 12014121
m Aue,
t
LasiDnco
A
104'
661a
101
106
104
115
123
104
11512
BAI.TtmORl?.
120
RAILROAD ST0CKS.1
A Ohio
1111-2
Baltimore
6s.
Connecting— 6s
Delaware -Mort., 68
120
117
Del.ABrt.B.— l8t, Ta.ieOS 12812
Ea8tonAAniboy.moi't. 5s. 1141,
Blraira A Will'ui.- 1st, 6s 119
Harris. P. M't J". A L.—48
lOO
93
1'2&
Ist pref
3d pref
Central Ohio
116
Preferred
Western Blaryland
Wilm'gtou Col. A Aug'sta
A B. T.— Ist, 78.. IO5I4
2d mortg., 7s...'.
111
Consol. M., 6s
5107
Leh.V.— lst,68,C.AB.,'9« 120
I37I2
2d,7s, reg.,1910
Cons. «8. C.A R., 1923.. 5...
North Penn.— l8t M., 78. II9I2
N.Y. Phil. ANorf -Ist, 68
lucouie, 6s
Penn. -aen. ,6s,coup.l910
Cons., 6s, coup.. .1905..
Cons., 6s, coup. ..1919.
RAILROAD BONDS.
Hunt'n
Atlanta A Char.— » st, 78. 120
Income, 68
10334 106
Baltimore A Ohio 48
lOHa
141
Cape Fear A Sad.— Ist, 63 99I3IIOO
133=8 Cent, 01iio-6s, 1890
Char. Col. A Aug.— l8t, 7s 1091.2 iioii
llCm. Wash. A Halt.— Ists. 100 1101
2d8, 5b
731a 75
1311-2
3ds, 38
42
,1
Ist Inc., 58, 1931
117
Soab'rtARo'n'ke-5s, 1926
.109
4>3S, Trust Loan
108
Wo.-it. Md., 3d guar., 88..
Perkiomen— 1 st, 6s,cr.'87
Wil. Col. & AUB.,6e,;910.
t Per share, i Last price this week.
—
BANKS.
Am. Exch...
A sbury Park
Broadway
265
Gai-flcld
German Am.
- .
129
236
Central
Chase
Chatham
iio
340
165
Citizens'
City
Commerce..
Continental
BANKS.
New York...
i
I
Gallatin
i39i.2
Securities.
Bank 8tock L.lst.
BANKS. Bid. Ask
Ask
Bid.
America
230
300
N.Y.NatEx.
Ninth
Hanover
Hud. River,.
North River.
Mechani(^s'-.
Oi'iental
Pacific
Park
137
156
190
132
People's
163
Pheuix
Republic
188
St.
M'chs'ATrs'.
Fifth Ave.... 800
First
125
134
ISO
N. America..
Manhattan... 160
lio" Market* Ful 171
nth "Ward...
Ask
N.Y. County.
Gennaiiia
Greenwich...
Iin.A Trad's' 380
Irving
149
Leather Mfs'
.
.
I
New York Local
GAS COMANIES.
Brooklyn Gas Lijjht
Citizens' Gas-Light
Bonds, 68
Metropolitan- Bonds
Mutual (N.
Y.)
Bonds, 6s
Nfercantile. .. 148
155'
Merchants'-Merch'ts Ex. 110
Metroplitan
11
Metropolis.
235
140
120
12
135
Nicholas. 110
Seaboard
Seventh
Second
320
ShoeALeath. 1471-2 148
State of N.Y.
|117>»
Tradesmen's. 103 104
United St'es. 210
.
Nassau
I
So—
&
Jo.iC. B.— 78
K. city Sp'd & Mem.— 68
K.C. Clint. A Sprlngf .— 68
UUle R. & Pt. 9.-?s
Kan.
tius
Istmort,
week.
Ist mort, 6s, 1804
2d mort, 5s, 1914
B'way Sniface
b'ds...l924
Bom'Bguar., 5s, 1905
Brooklyn City— Stock
Istmort., 5b, 1902
GAS COMPjVNIES.
'
LWllliamsburg
-Bonds, 6s _
Metropolitan (Brooklyn).
-
.
.
;Municipal— Bonds, 78
Pulton Municipal
103
102
Boud.s, 6s
I
1
Equitable
Bonds, 6s
73
1126
'106
gg
105
136
106
120
112
127
111
84
110
137
109
127
101
26
25
102 104
103 la 104
100
85
90
135
96
137
lOV
165
160
160
120
86
IIH
115
113
128
111
1(14
35
Henderson Bridge— St'k.
301a Mex. Nat.
1st pref
M ,6s
2d pref
Ist6s
Kan. City
HSii
l3t, 63..
^e^iesB, 88
,
7
106
105
.
10
341-j
28
111
66
iia"
107"
104 1»
170
ifle
214
102
208
112
102
69
24
21a
20
9
30
9
I
Incomes
.
Rich. York Kiv. A dies..
Josejh A Cirand isl..
1073-1 St L. Ft s. A W)ch.,cert
48
St. Louis A Chiciigo
Pref
21a StL.N.O Ac.C AT.,lBt,8s.
wr. PaulE.Ji^^^.^v..l8t6t
ToL A. A. A N. Micl
78
Toiedo Peoria A West...
11
Ist. 4s
12
14
1071.
«4
86
4
100
67
22
I
15
6
21
A Omaha
Istmort
'.^d
Mt. De3.& East 8h. Lrt.Oo. 1-75
N,-wb.Dutch AConu inc. 17
8
Newp, N. A Miss. Vju...
110
2
N.Y. V.-.S.A. Buff
110
N Y. A Ureen'd Lake, Ist 27
lot 2d mort
61a
35
95
N.Y Mutual Tel
IB 1-2 Ocean Steam. Co., let guar.
^
Pensacola A Atlantic.
221a Port Royal A Aug.— Ist..
10
4
K,*ely '^totor
-New
2d scries A, 6s
39
Kanawha A Ohio
Income 59
..
PMH,AIIF.I.PHi>i".'
108
161
107 1»
210
112
SECUKITIKS.
28
Pike'8 P'k, Ist 88
A At— Stk.
104
145
105
206
110
24
109
50
106
110
75
105
103
160
105
206
101
205
110
—Quotations from both Exchanges:
Brooklyn Elev'd- stock..
Brooklyn A Montauk
Pref
AB.— ScripOs..
Eighth A v.— Stock
Scilp, 68, 1914
42d A Gr'nd St. F'ry-Stk.
Istmort, 78, 1893
42d St llauh. A StN.Avo.
Istmort, 6s, 1910
2d mort, income, 68
Houst.W.St A P.F'y- Stk.
Istmort, 73, 1894.
Ninth Ave
Second Ave.— Stock
Istmort, 53, 1910
Sixth Avo.—Stock
Istmort, 7s, 1890
Third Ave.-Stock
Bonds, 78, 1890
Twenty-third St.— Stock..
Istmort, 7s, 1893
170
105
A
D. D. E.B.
MOM
109
Bklyn. Crosst«wn— Stock. 150
100
Istmort, 7s, 1888
Bushw'k Av.(Bklyn)-Sfk 140
Ceutral Crosstowu— St'k.. 140
lie
Istmort, 6s, 1H22
Cent Pk.N.A E.Riv.— Stk. 84
118
Con.sol8. 78, 1902
Chiist'ph'rAlOth 8t-Stk. 112
111
Bonds, 7,3, 1898.
DryDk.K.B.ABat'v— Stk. 125
Istmort, 78, 1883
109
Dul. 8. Shore
Rutland— ."is
Sonthem Kansas— fts!
.1.
1900
East A West RR. of Ala.
Fla.B'yA Nav.Co.,consol
^eorgia Pac— Stock
I8t6»
2d8
L.C.— Cons" 6s
Gap
Ful. F.-Stk.
7s.,
2d mort, guar
Chic. A Atl.— Ben., tr. rec.
Chic. Gas Trust
Den. A Rio Or. W.— St'k.
Istmort., 68
2d molt.. 6s
RAILROAD STOCKS.
Bell'fl
I
People's (Brooklyn)
A 7ihAv.— Sfk..
California Pacific
1st moTt., 41^8
.
Ciunden
Atanticrprtf
East Pennsylvania
Klmlra^A WilHamsport!
Ask.
Bid.
105
48
100
82
186
114
100
100
106
99
Pref
Loulsv.Ev.&St.L.-lst'es
Wlscon. Cent. -l8t
A
Bl'ckerSt.
Atoh.
Cit. St.
<ft
I
RR. Qaotatlons by H. L. QBAJTr, Broker, 145 Broadwaj.)
[City
Am. Bank Note Co
Texas Division- 58.
Incomes
183<
Preferred....
T
143<
120
".J
Snranilt Branch
W'soonaln CeLtral
*
*f<*-,
22
7s, 1800.
Jeff.— 1st, 6s
Mid.— 1st,
inc. 6s. 1858
inc. 68, 1958...
W.ABalt.— Tr.o..4s
A Ind.lstm. 58.
United N. J.— Gen. 4s
Warren A Frank 1st, 7s
West Jersey— Ist M.,78..
W. Jersey A Atl.— 1st, 68
II412
Unlisted Secnrlties.
SBCURITIES.
.
OgrtcDs.
Cham..
PoryandHflcoA Porti"
IncorLe, 6s
Consol. ot Vermont—68
Eastern Mass.- 6 1. new
I. C. J^t. Scott Ji Me-D..6s
i<. C. Port
Scott
O.— 78
Kans. City Law.&
6s
K.C. Meniph.
Birm— 6a
2d mort., 2-68..
Mm. H. & Out.— 1808,68;
101^
I92j,6e
......
Mexican Central— iV
"56'
Income
N YAN. Eng.-ist;?;::
rt.
Preferred
Kaine Central
40
110
47
39
8»,
Concord
Kin
I
31
141
110
Vitohbarg, pret
FJlnt <fc Pere Marquette
'
Mortgage, Ss
Trust, Bs
198
162
A Canton
tstem
& T'p'a.— (Cont'd)—
Plain, 8s.
Preferred
A
&
121
106
88 '4 88 7g
99 '6 100
20
883i 88 7g
76
48, g., 1P5H..
.Steuben.
Catawi8.«a-M.
Scrip
6.3,53.-1.4
SECURITIES.
Ask.
Atch.
Preferred
Cheshire, pref
Oaio. Bnrl.A North'n....
Ciiicaeo & \\Kft. Mich..
Pliil.
Camden A All.- 2d M.,6s 110
A
1131,
1341a 1351a
33,890,3
t Including, for Boston
"ofu" and
«uu ^ruim
Phila-
80=8
1
Bos'x>n &. Lowell.
48
Inc. 78. end., coup., '94.
Bells Gap— Coas., ffs
Cam. A Amb.— M.. 68, '89
Clearfield
Col.
Cin.
114
125
.
Ist pref. Inc. 68. 1958..
2dpref
3d pref.
"61
Allegh. Val.— 7 3-ins. 'an
Br'do ay
BOSTOW.
_
BAILROAD PTOCKS.t
Atomson & Toi eka
Biistou & A ijuuy
50 H,
OQ.»
KAILROAD BONUB.
63.
Cons. 5s, Istser., 1922.
DeleiTed incomes, en...
281-2
Consolidated Gas
Jersey City A Hobofceu.
Quotations in Boston. Philadelphia and Baltimore:
following are quotationsof active stocks and bonds. A full
iMt 18 given in the Chronicle the third Saturday if
each month.
Connecticut
Erie
A Lewlston
United Co's of N.J
West Jersey
West Jersey & Atlantic
Snnbnry
Nassau (Brooklyn)
25
CeTeland
A
6478
CircTn CUarings.
Deposits.^
$
*''™-
.
Phil.
Erie— con.
Newgen.,
5831,
Pennsylvania
A
Phila.
V
PhU. A R.— Ist .M., 6s....
56
70
2d, 78, c. Ar. lKt»3
70 14
Cons., 78, coup., 1911 ..
Cons., 68, g., l.R.0.1911
Imp., 6s, g., coup,, 1897
Qbs and Cttr Railroad Stocks and Bonds.
jifiiKf °?,i".l""'^'K^'"'*'"'",.""^«
Celphia,
the Item "due to other banks."
.
Nesquehoning Valley
Northern Central
North Pennsylvania
14th Street.
Banks.*
Philaclel.
A«K. 18
Sent.
996,0
6,831,5
464,1
7,856,7
183,4
387,908.7 87,736,8 38,01,5,3 4]6,08,'!,4 7,760,4 64,3,331,8
388,749,8 87,201,6 36,942,4 412,563,5 7,816.2 604,441,6
381,733,6 82,804,1 36,995,8 412,132,3 7,773,0 601,823,0
'Boston Banks.*
Ang. 18
•^
12,680,0
10,414,0
8,380,0
7,988,0
11,165,7
3,706,0
13,665,3
2,692,0
22,237,2
3,763,6
4,128,3
1,874,2
2,268,0
1,144,8
2,916,1
1,457,2
3,169,6
17,800,0
17,003,2
6,257,8
8,009,0
2,776,3
11,391,2
5,030,0
2,569,9
4,264,7
14,889,1
3,055,0
2,747,1
2,608,9
4,180,0
1,602,1
3,629,0
6,456,5
5,502,0
1,908,0
23,041,2
23,259,3
2,276,6
1,378,9
17,867,6
8,278,0
4,094,0
6,701,0
22,849,2
6,183,6
1,320,1
2,461,0
2,810,5
2,399,3
8,888,1
3,885,5
2,881,0
2,712,5
4,509,0
3,546,8
2,416,4
1,786,3
4,034,8
2,130,0
3,157,4
1,950,7
0,838,1
618,0
731,0
602,0
766.0
138,0
787,0
212,9
638,4
685,7
305,9
187,5
201,0
115.2
267,2
111,0
183,5
$
25
Sept.
$
1,290,0
1,810,0
2,401,0
2,895,9
1,975,0
1,449,2
391,733,5 82,804,1 36,985,6
Loans.
"
$
12,880,0
9,792,0
6,564,3
8,859,0
12,609,4
4,156,0
9,826,4
2,858,5
19,092,4
3,393,1
6,280,2
1,884,2
2,166,0
1,157,5
3,424,3
1,336,2
3,875,0
15,984,0
20,311,9
5,819,4
8,881,7
2,818,8
10,669,1
4,801,5
2,108,2
3,919,6
13,765,6
2,964,0
2,686,9
2,341,0
4.468,8
1,832,6
3,103,0
6,K75,0
4,795,2
1,993,4
21,410,0
19,009,3
1,920,3
1.269,6
17,269,8
7,521,0
3,550,0
4,736,8
2J,512,»
5,800,3
1,565,8
2,262,2
2,381,4
2,646,3
8,470,7
3,841,3
2,484,9
2,247,1
4,308,3
2,729,1
2,190,6
1,425,9
3,349,5
1,874,0
2,445,8
1,680,7
8,985,6
1,621,
1,171,
747,
2,000,0j
2,000,0' 1,488,
3,000,01 1,007,
2,000,0
2,050,0
Manhattan Co
Lehigh Valley
Little schnylklU
Mlnehill & 8. Haven
Ask.
Bid.
Penn. A N. Y. Can.— 7s,' 96
21
45
66
69 12
70
52
Preferied
BANKS.
(OOn omitted.)
SECURITIES.
Ask.
Broad Top
I
86
St.
Vicksb. A Meridlai- l8t.
2d mort
Kingst'n & Pemb., 1st M. 105
Incomes
Lehiga A Wilkea.Coal..
2iy 24
StJck, pref
Mex. NatConstruct'n Co.
32
Western
Nat. ls;ink
"9
Mexicau National tr. rec.
'•2
101-1
MBt .ar. ~-'.,.. 6s
ipt 'iinrtiraee. tr. rec
46
West ITii, Tel., coll. tr.
*
t.
.
.
58.
18
10
12
September
THE CRRONICLE
1888,]
8,
283
LaUtl Mmntingi taptrtttL
Intrjestwjcnt
Week or Ho
AND
.
•
and
to
to stibsoribers
of the Chronicle at 60 cents each,
Mar.Col.A Nor'n July
Ouudjara
Aug
Ithwk Aug
.
Jan. 1
iMtett .Eomiftir* Stporled.
Nash. Ch. A8t.L. July
Natidiez
(0 Latttt
Dau.
1888.
9
'»
~
1887.
1888.
1887.
»
S
S
1-2.902
165.43(
Allegheny Val. Jnly
Atch. T. A 8. Fe June
1,336,40! 1,541 ,97(
84,I4(
82,fi4(
Atlanta & Char ,Iune
Atliinta&W. Pt. July.. ..
26,287
24,701
Atlantic* Pac -jltlivvk AilK
70,562
48,28!
Wosterii Linei". .Inly
Total
.lulv
Bait.
»V-
1
372,1
IC
117,254
July
71,07sl
47,00i]
62.'^31
UhwkAuif
«k Auk
Buft.Ri.ch..«Pttt
Bar.t',Riiii..fc.M.i.l2(l
,t
Chic
|
ltU\vk.\u«
Ithwk
Cal. Snutlicrn
tCaniiipn A Atl'i- July
Canadian Ciillk: ^th^vk
Cp.l'"r<tYa(l. Val July
Carolina Cent.. iJuly
. .
.
i
Aug
Aug
Cen.KR.ABK.Co. July
Central Iowa
3d wk Aug
Central of N. J July
Central Paoillo May
Central of 8. C Juno
Charlpst'n ASav June
A Lenoir.
Chic. A Atlantic.
Chic. Hurl. A No.
Chic. Biul. AQ.
Chic. A Ea.st. 111.
50,329
44,559
18.00 i
23,443
106,864
372,000
24,887
33,911
499,003
28.401
1,256,251
l,292,?iOS
CUeraw A l>arl Jnno
ones. O. AS. W.. June
Ches. A Ohio.... 3 wks Aug
Ches.
9,091,«i35
222,43.;
595,786
208,026
1,807,727
1,768,644
Juno
Ithwk .Vug
Juno
July
6,931
38,888
3,769
143,249
283.261
50,833
4,742
.59,026
174,004
1,863,501
872,5*1
545,38C
1, 245,58c
1,536,561
50,204
467,111;
20.418
24,990 1.119,615
3.59,871
117,021
335,000 8,199,746
176,265
19,429
2"8,92^
28,866
420,487 3,719,938
831,337
30,754
1,019,411 7,012.298
991,140 5,969,184
51,208
5,931
300,385
35,100
37,607
3,468
144.446
912,899
276,906 2,808,357
2ti0,507
57,699
4,428
38,499
62,616 1,424.903
202,637
795,362
2,167,802 11,839,466
50,516 1,344,298
12,136
327.595
744,037 14.554,000
818,645
40s,:(fi8
1,354,237
1,673,539
492.047
956.155
3(iO,2S9
6,841,262
142,760
260,611
3,131.077
791,953
6,330,891
4,715,502
41,641
262.920
34,753
825,797
2,726,099
298,617
30.944
1,402,733
1,270,285
16,443,i.08
Ithwk Aug
59,357
Chic. A In.l. Coal Ithwk .Vug
17,100
Chic. Mil.ASt.P. Ithwk AUiT
708,.500
Chic.AN'thWn. July
.: 2,149,066 2,249,484
A Oh. Riv.
Chic.St.P.AK.C.
Chic.St.P.M.AO.
Chlo. A W. Mich.
Chic.
Cin.lnd..St.I,.AC.
CIn.Jack.
AMuc.
July
3,353
l8twk.Vug
July
Ithwk Aug
June ..._:
:)il
wk Aug
Auk
Aug
Cln. N. O. AT. I'.indwk
Ala. Gt. South :iil wk
N. on. A N. E 3d wk
Aug
!dwk Aug
id wk Aug
Vleksh. A .Mer.
VlckB. 8h. A P
ErlauKerS.vsl 3il\vk
Cln.Rii'h.AEt.W. 3d wk
Cln. Stl. A .Mob.. July
Cln. A SpiinuM July
Ctn.\Va.sh.,V:P.iili.
Olev. Akron ACol
Aug
Aug
;
...
lihwk Aug
3(1
wk Aug
Clev. A Canton .Inly
C'lev.Col.C.AInii .ruly
Whole system July
Clev. A Mariettii 3d wk Aug
Color. .Midland
Col. A Cln. Mid
3dwk Aug
Ithwk -Vug
Ool.Uock.V..tT. ithwk Aug
Denv. A Kio Ur Ithwk Aug
Denv. A K. G. W. dwkAug.
Det.HavC.AAlp. July
Det.I.ans'KANo. 4thwk .\ug
DuluthS.S.AAtl. IstwkJunc
E.Tenu.Va.AtJa. 3dwk Aug
Evan^.A Inirplis Ithwk .Vug
Evansv. A T. H Ithwk .Vug
Fiteliburg
.August
Flint A P. Marq. 3d wk Aug
Fla.R.ANav.Co. Ist wk -Vug
FtW.A Den.aty 3d wk .Vug
t\Miole svst'ui. 2il wk Aug
Georgia Pacitlo 3d
Qr. Kan. AInd... 3
Other lines.... M
I
Grand Trunk
wk AUK
wk Aug
wk Auit
WTiAugaS
Miy .. ..
wk Aug
45, i23
550,6:'0
41,606
219,805
13.427
58,558
23,312
9,1-4
6,038
9,7t:0
106,852
8,341
8,335
109,638
67,718
12,693
30,523
303.752
575,300
5,031
23,037
IV, 838
76,318
235,500
25,975
49,605
36,811
32,133
99..S21
9.641)
29,186
S3 ,365
1
44,088
18,268
23,970
41,463
24,227
47,820
387,752
212.160
56,288
Humcst'uAShen'July
9,400
Ill.Cen.dU ASo) July
386,042
Cedar f.AMm.ljulV
8,776
Dul).A Sioux t:. .July
67,184
la.FallsAS.C. July
55,467
Iowa lines
July
131,427
Tot.ll all
July
1,017,469
lud.Dec.AWcst July ...
27.293
lud. A St. Louis 3d wk Aug
45,893
KanawhaA Ohio
wk Aug
5,477
K.C.Ft.8.A.Men;.;;id wk Aug
72,507
Kan.c. CI. ASo 3d wk Aug
h.m
. .
GulICol.AS.Fp.
IIou8.ATox.Cen. 3d
M
1,299,177
249,077
15,047,824
13,627.<lH2 14,049,321
37,167
5,433
25,753
744,563
37,610 1,182,184
3,5.54,487
561,486 3,344,897
40.416
924,970
905,625
217,726 1,261,964 1,285.727
2li7.ti80
311,919
10,66:
59,643 2,229,523 2,007,267
908.479
26,468
932,714
385..')12
8,0 «
509,037
296.782
272,029
7,767
299,080
293,741
7,725
109,639 4,242.383 3,891,811
254,238
8,246
249,495
6,330
58,126
52,605
6->8,> 25
641, 33
101,881
72.599 1,345,041 1,379.559
348,17 4
10,818
385,50 s
201,538
29,035
214,973
370.266 2.224,613 2,334,798
060,748 4,076,010 4,191,616
174,714
6,055
189,392
808,022
207,340
12.226
224,395
67,108 1,882,073 1,733,459
230,SOO 4,927,464 4,967,741
25.2-'5i
651, "08
7«3.482
J-:!.06f
270,059
51,350
(>l(l.-!83
3-,52S
741,493
448,195
401,760
39,421
94,392 3,X9!M18 3,083,773
8,790'
153,096
154.481
26,557
5tiO,521
56. ,108
N.Y. A New Eng. July
N. Y. ANoitherullthwk
N.Y. Out. AW... Ithwk
Aug
Aug
June
N.Y. Phlla.AN'k
N.Y. Sua. AW...
Norfolk A West
N'theastni (3.C.)
Northern Cent'l.
Northern PaciHe
July
4thwk .\ug
June.
July .
Ithwk Aug
IthwkAug
Ohio River .... 4thwkAiig
Ohio Southern. .Vucust ..
Ohio Val. of Ky 4thwkAng
Omaha A St. L. July..
Oregon Imp. Co, June
Oreg. R. AN.Co. .lune
Oreg. Short Line June
Penusjlvania. .. July..
462.441
196.284
86,27H
212,721
1,550,260
634,299
5a8,777
1,634,055
620,629
4 7,108
68 -..027
l,4iN,st4
911.121
121,436
422,145 11,241,018 12,1-6,152
962,9fi6
89
',24 I
l.'^5,399i
64,2181 1,337,255 1,395,226
80,164
10,315
80,308
883,366 6,440,022 6,187,473
67,304
8.605
52,196
43S,552
61,441
413,852
431,20-<
355,925
52,72.1
861.7-1
122,774
927,256
1,006,140 7,367,278 7,049.2.^4
-.33,613
184,159
38,220
47,187 1,215,189 1,261.890
101,609
3,166
169,572
72,887 2,586,148 2,916.914
157.1 is
4.626
162,336
767,940
27,059
52,91!
1,421,525
3,804!
116,741
237,8.59
1,836
137.845
1,.13
1,32I>,»4S
5,17-1,211
142,608
4,695,753
416,892
2,300.065
172,338
27,8051
603, "21,
46fl,.527 10.120,028
73,-451 1.417,999
48,8 J 6 1,430,273
55.991
583,500
7,216
48,012
87.676
981,0M
106,931 3,786,163
401Ji5S
2.165.220
22*. 823
644 HS:i
0,1 13,423
44,886
1,4.36,574
1,106,138
3.t2,340
33,212
088,178
3,066,274
138,633
83,758
106,018
30,825
107,423
366,371
188,774
116.916
70.812
123,499
30,748
106.68.''
398,<)77
1,290,778
1,0115,045
2,51
",31.-'
2,291,6(U
1,774.945
2,13>,61l>
676,699
741,733
602,104
835.653
3,745,141
1,553,277
1,752,599
82,024
4,601,0 IS
1,520,308
1,713,157
199.349
258,877
11.540
87,505
80.8701
76.624
401.937
362.378
2,850,1912,779, 198 19.472.824119,504,923
2,378,7'-9 2,330,28515,225,380 14,828,807
53«.717 489.857
164,991 409.361 2,900,766 2,756',368
18.813
16.682
68.124
990,713
59,206 1,124.657
74,015
200,739
312,091
123,287 118.968
735,609
782,323
101,519
86.337 3.147,756 2,5h6.548
43,041
33,006
341,8011
280.878
562,315 536,336 3.402,488 3,617.929
550,181 427,046 10,695,832 7,949,315
94.780 104,510 2,390,357 2.«i23,»27
11,14211,.507
12,701
287.0
358,607
51,398
47,201
353.721
53,092
4,030
2,753
86,011
239,380
29,155
29,348
210,329
404,167 338,008 2,490,-581 1,801.402
530.697 444,731 2,7»2,87~ 2.280,009
921,814
227,020 180,554 1,175,775
4,822,412 4,651,370132,680,610 31,025,094
.
^
U
Penn. Co—
N'rthw'rn sys. .Tuly
1.374,447 1,518.121 9,73.5,630 10,100,320
..
S'thw'rn sys. .luly ..
1,074,848 1,184,154 7,439,259 7,823.255
537,285
PeoriaDoc.AEv. 4thwk.Vug
27.192
28,607
436,484
36,3i9
25-',919
210.610
.Tuly
26,102
Petersburg
440.4681 386,9761 2.338.642 2,251,377
Phila. A Erie... July
l,930,i>30il,«24,657 11,087,624 11.979,155
Phila. A Read'g. July
Coal A Iron Co. July
2,303.752)1,778,439 8.962,961 9,424,485
Tot.l)OthCo's-. July
4,233,782 3,603,096 20,050,585(21,403,639
May
16,762
Pitt.Shen.A L.E.
62,146 1,276,2121 1,274,145
Pitts. AWest'rn UthwkAug
65,654
168,590
18,629
16,125
173,7341
P'rt Royal A Aug. June.
136,723
16,925
14,497
150,879
Pt.R'alAW.Car. June .
281,061
Rich.AAlIegh'y. Juno..
53,820
57,392
280,918
_
.
i
;
RAW.P.Ter.CoRich. A Danv Ithwk, Vug
Va. Mid. Div.. 4thwk Aug
C. C. A A. Uiv. Ithwk .Vuj
Col. A Gr. Div 4thwk Aug
West. N. C. Dlv Ithwk Auu
W.O.AW.Uiv. 4thwkAug
Ash. ASp. Dlv. Ithwk Aug
Total all
4thwk Aug
A
Rich.
Petcrs'g July
Rome W. A Og
.
.
I
June
Aug
Branches
4thwk Aug
8t.L.Ark.ATex (IthwkAug
St.L. ASau Frau. jlthwk Aug
St.I'aul ADulnthi Ist wk Aug
1ISt.L.Alt.AT:H.[3dwk
St.P.MIn.A.Man.i August
g.Aut.AAr.Pass.iJuly ..
,
Scioto Valley. ...[July..
Seab'rd A Roan. 'July ...
Seattle LS.AE July....
Shenandoah Val .Tuly .
.
.
South Carolina July ..
So. Paciac Co.—
Gal.Ilar.AS.A. July..
Louis'a West.. Julj* ..
Morgan's LAT. July ..
N.Y.T.AMex. July..
Tex. AN. Orl-. July..
Atlan'c system July ..
.
June
June
Paclllo 6.V8tem
Total of all
So. Pac. KK.—
May
No.
l>iv. (Cal.)
So. Div. (Cal.)
.
.
,
.
.
.
...
...
..
.May..
Arizona Div ..jiMay
New Mcx. Dtv'May
Spar. Un. ACol.j.lnne
8tateuls.Kap.Ti July
Summit Branch Muly
486,023
48,810
17,107
15,832
i
3,289'
443.003
190,175
I
.liiiio
OhioAMlss
34<1,62S
127,15a
Cairo V.
1,109,067
l,7O9,04C l,66^,39ii
rotoinai- July
B.-poU Creek
1,141,951
7,174,571
624,93:
1.337,83( 1,31.5,-76
B.&O.EiUit.I-lnosLTiilv
JtaMt
1887.
428,9f)l
10.090
New Brunswick. iJuiio
N.Y.Cen. AH. R.July
N.Y. L. E. A W. July
N.Y.PenuAOhin
30,148
140.698
88,626
22,171
3,017
38.460
76.174
22,331
715.250
16.916
262,5-14
Jac.AO July
t
Week or Hi
tatatm
1888.
42,8871
Br.. fVugu.st.
•Mex. n; (allln«):July
The General Quotations of Stocks and Bonds, occupying *MBxlc!inRallwv WkAug. 18
Mll.L.ah.A\Ve8t |4thwkAug
9tx pages of the Chronicle, are now publnhjd on the Milwaukee A.Vo. 4tbwk Aug
July
Mlnneaii.A8t.L.
third Saturdiijr of each month.
Mo Kan A Tex. 3 wks Aug,
MoliUo A Ohio
August
RAILROAD EARNINGS.
12,5.55
451.773
87,396
21,818
457,018
75,770
50,626
57,165
7,921
MeninhUAChas. M wk
'Mexican Cent
others at $1 per copy.
BOADS.
1897.
Z-l.OOn
79.872
15,872
3,204
38,703
70,090
24,018
824,533
A Peni. U\ wk Aug
Knozv. A Ohhi Juno
Lake
West ithwk Aug
E.
A
TTie Invkstors' Sitpplkment, a pamphlet of 133 pages,
Lehigh A Rnd. July
contaiti.1 extended tables of the Funded Debt of States and LehAWIlB.Coal July
L. Rock A Mem 3d wk Aug
Cities and of the Stocks and Bonds of Railroads and other l.iong
(Mand
Augutt....
Companies. It is publithed on the last Saturday of every Lb. a Mo RIv.. May
Louls.F>. AStL. 4thwk Aug
ctfier month— viz., January, March, May, July, Septem- fjonlHv. ANashv.''llhwk Aug
ber and November, and is furnished without extra charge Lou.N. A. A Chic, llhwk Aug
Loulsv.N.O.AT. 4thwk Aug
Extra copies Lykens Valley. July
to all regular subscribers of the Chronicle.
KtuiTHt'n
are sold
1888.
•
K, C.Wy.AN.W. July
Kentuelty Ont ,Iunn
KtMikuk A West fuksAiig.
|uMIigence.
ItailfoatT
/•n. 1
Boioa.
SutioTuuiiel
Texas
[July
A Pacittc. Ithwk Aug
ToI.A.A.A N.MMi -Ithwk .Vug
Tol. A Ohio Cent. Ithwk Aug
Tol. P.
AWcst
3d
vk Aug
Aug
Tol.St.L. AK.C 4thwk
Union Pacitlo... July
VaUeyot Ohio.. July
Wab. western... 4tUwk Aug
Wab., E. of Miss June
West N.Y. A Pa. 4lhwk .Vug
Western of Ala. .Tuly
July
t West Jersey
W.V.Cen.APltts Juno
Wheeling A L.E. 4<bwkAug
Wil. Col. A Aug Juue
owiseoiisln Cen.llthwteAug
97,000
38.900
91,730
32,300
2.934,548
1,157,071
2.644.723
1,0^5.846
15,9,50
14,825,
10,100^
14,4001
561,429
369,267
407,216
76,773
67,467
448,8 16
73.245
11,000
11,900
4,400
2,325
181.475
23,HB7
297,220
45,893
25,380
87,232
4,350
2,625
170,650
is.eefi
5,.573,771
155,912
272,317, 1,4 8,510
47,187
30,619
1,21.5,189
576,986
71,3231 1,719,732
175,-i67
35,266;
201,443
34,464
790,000
80.910
52,7-9
38,215
10.107
72.000
83,211
684,9341 5,708,371
3,497,656
36,613
69,335
32,218
533,271
301,974
357,772
71,690
75,300
46r,562
070,914
494.747
312,389
38,117
5,037.912
133.100
1,383,891
1,26-1,890
578. <72
1,421.993
3,813,652
4,752,397
241,479
423,34S
312,891
467,213
607,135
251,414 2,120,893 l,810,-97
70,-^40
452,4l«
516,4211
297,3881 2,773,038 2,!;39,4i)7
62,448'
92.06*
9,547l
686,875
773,6721
109,4241 107,7S0[
736,639 6,246,468 5,281,156
792, 191
2,960,6192,364,655 16.602,073 12,615,679
3,721,714 3,051,988 22,056,352 17,160,197
266,322!
71,125
335,526
9.793
631,672
706,524
161,136
553,307 2,833,7f-l 1,654.519
705,318
980,800
127,193
310.50»
455,997
58,605
31.1 8S
47,900
3,852
4-8,016
514,196
121,308
67 >.24l
812,3 3
94,731
161,262
197,812
22,376
172,000 3,851,699 3,*»,>,057
326,691
411,114
18,829
64'-,230
744,479
33,346
567,434
529,772
21,019
17,500
2,544.e64 2,479,372 16,037.644 15,501,264
351,187
372,985
44.102
54.614
208,560 201,f>04 3,621,611 1,128,312
506,346 539,935 2,911.966 3.082.837
99,200 2,020.719 1,777,106
112,000
240,155
250,230
30,7851
29,430
800,484
109,9741
857,173
191,201
157,509
290,710
28,0021
62,636
480,251
569, .!08
21,747,
23,437
350,387
4.'',530
399,887
50,349
140.013' 138.074 2.398.272 2 3.>4.i<l3
178.504
638.221
175.803
87,076
5,357
145,262
107.136
27,175
187,70 <
22,901
36.329
20,770
23,000
Menem
*
onrrenoy.
._..,.
Includes whole system from Fort Worth to Djnver, but note«nfla{«
onjolnt track— Pueblo to Tnulc'ad.
. ..
,
a All Unca Ini laded.
Indianapolis A 8U Louis.
II Including
!
I
And branches.
THE CHRONICLF.
284
MONTH AND FISCAL TEAR.
latest Gross Earnings by Weeks.—The latest weekly
earnings in the foregoing table are separately summed up
as follows:
Reports of railroad earnings still continue much the same
as heretofore, and for the fourth week of August the aggregate on 53 roads shows a gain of 3 78 per cent over the cor-
responding week
—
Road.
Seaboard & Boanoke. Gross.
1887.
1888.
Atlantic & Pacific
Buffalo Eooh. & Pittsburg.
Cairo Yin. & Clilo
70,562
50,329
18,005
23.443
372,000
59,026
59,357
17,100
708,500
41,606
67,718
12,838
76,318
235,500
36,811
9,640
29,186
387,752
79,090
21,818
457,015
75,779
50,626
140,698
71,426
106,013
30,825
18,813
68,124
101,519
550,181
94,780
12,701
4,030
27,192
65,054
97,000
38,900
15,950
11,000
11,900
4,400
2,325
25,380
87,232
175,267
187,709
22.901
36,329
208,560
112,000
23,437
140,013
48,286
62,531
20,418
24,990
335,000
62,616
80.516
12,136
744,027
40.416
72,599
12,226
67,108
230,800
37,528
8,790
26,557
422,145
76,174
27.805
466,52^
73,745
48,846
106,934
63,222
123,499
30,748
16,682
59,206
86,537
427,046
104,510
11,148
2.753
28,607
62,146
91,750
32,300
14,825
10,400
14,400
4,360
2,625
30,649
71,323
201,443
172,000
18,829
33,346
201,504
99,200
21,747
138,074
5,452,278
5,253,392
California Southern
Canadian Pacitio
Chicago & Atlantic
Chicago & East. Ills
Chicago ife Ind. Coal
Chicago Mil. & St. Paul. ..
Chicago A West Mich
Cin. Wash. &. Bait
Col. & Cin. Midland
Col.H.Val.& Toledo....
Denver &Eio Grande
Detroit Lans. & North
&
Indianap...
EvansviUe&T.
H
•Grand Trunk of Canada.
Lake Erie & Western
Evans. & St. L...
Louisville & Nashville
Louisville N. Alb. & Chic.
Louisville N. O. <& Texas,
Ixiulsv.
Mexican Central
Mexican Eailway
Milwaukee JL. 8h. <fe West
Milwaukee & Nortliem...
New York & Northern
New York Ont. & West.
&Westem
Pacific
Ohio & Mississippi
Ohio Elver
Ohio Valley of Kentucky.
Peoria Dec. & Evans..
& Western...
Biohmond & DanvUle
Virginia Mid. Div
Char. C. & A. Div
AGr. Div
West North Car. Div....
Wash. O. &W. Div
Ash. & Spar. Div
Col.
Bt. L. Alt.& T.H, .branches
Bt. Louis Ark.'S Texas..
Bt. Louis
San Fran
&
& Pacific
Toledo A. A. & No. Mich.,
Toledo & Ohio Central...
Wabash Western
Western N. Y. & Penn...
Wheeling & Lake Erie...,
Wisconsin Central
Total (53 roads)
Net increase (3-78
*
32,218
5,132
July.-
1888.
Gross.
Net...
to
July 31.-.
1887.
248,335
67,294
221,992
78,962
r—Ax-ril 1 to July 31
1887!
33,911
18,576
28,866
def.
459
—
1888,
1887.
£
$
128,897
21.920
,—May
July.
,
1 to
1888.
1887.
1888.
62,569
22,499
65,345
28,793
170,837
51,445
119,960
11,635
July 31.—.
12,202
2,413
1,547
37,000
8,841
4,964
1887.
Cairo Vln.
&
i-.
Chic. ..Gross.
'"612
9,210
4,700
850
2,629
2,916
2,034
1,780
33,764
8,204
77
Net...
—
ANNUAL REPORTS.
Toledo & Oiiio Central Railway.
fFor the pear ending June 30, 1888. ^f
In advance of the pamphlet report, the Chronicle has been
2,131
8,918
15,182
123,138
9.730
1,553
1,277
"i',415
3,508
5,250
6,600
1,125
furnished with the statement of results for the lale fiscal year,
which are given in comparieon with previous years as follows:
EABNTNGS AND EXPENSES.
1888.
1886.
1887.
Earnings—
Passengers
Freight
Mall, express,
&0
2,500
50
Total earnings
Opei atlng expenses and taxes
300
5,269
Netearnlngs
$97,032
793,725
70,650
$697,989
573,253
$961,407
672,603
$1,167,576
806,749
$124,730
$288,804
$360,827
$124,736
1887.
$288,80-1
$360,827
$150,000
7,692
15,684
$150,000
4,986
12,217
INCOME ACCOUNT.
15,909
26,176
15,709
4,072
2,983
7,056
12.800
1,690
1,939
372,531
198,886
'-Jan. 1
1888.
to
$110,719
959,670'
97,187
$84,677
577,361
35,951
600
1886.
Netearnlngs
1888.
De<f«e(—
Interest on bonds
Other Interest, &c
Rentals
Construction and equipment
AppUed to
173,649
23,067
car trusts
$190,270
$173,376
Df.$48,640 Sur.$98,534
Total
Balance
July 31.-N
1887.
62,569
65j345
391,374
413,725
Net...
22,499
28,793
1^4,991
117,248
Carolina Central
Gross.
33,911
28J866
278,928
260,611
Net...
18,576 def. 459
77,982
67,350
Chic. Burl. & Qulncy. Gross. 1,863,501 2,167,502 11,839,466
15,443.9C 8
Net...
353,307 970,^74 1,646,737 6,965,453
Flint & Pere Marq... Gross.
195,659 223,163 1,419,050 1,487,878
Net...
71,385
73,244
.400,121
483,999
Louisr. ANashville. -Gross. 1,333,432 1,326,603
9,080,583 8,743,861
Net...
479,599 542,806 3,050,433 3,341,930
Lonisv. N. O. & Tex.. Gross.
154,161 115,285 1,275,120 1,036,079
Net...
27,507
17,811
294,598
245,413
Korthem Pacific
Gross. 1,603,585 1,202,476 9,042,747
6,649,720
Not...
666,183 545,718 8,355,329 2,460,424
Ohio & Mississippi ..Gross. 275,591 322,^92 2,C1
6,109 2,214,016
Net...
55,917 100,804
475,420
712,606
Ohio River
Gross.
41,354
37,269
237,617
166,916
Ket...
16,872
20,691
93,720
65,506
Petersburg
Gross.
36,339
26,402
258,919
210,610
Net...
12,523
8,793
100,143
95,824
tPlttebnrg 4 West'n. Gross.
181,092 164,688 1,085,625 1,087,708
Net...
22,900
44,982
245,534
Rlohni. & Pet«r8burg.Gros8.
23,687
18,666
155,912
133,100
Net...
9,641
6,123
60,916
60,453
Sea^cuid Ac Boanoke.QroBs.
38,215
32,218
857,772
312,894
Net..
7,483
,I32
108,091
98,716
Union Paoiflo
Gross. 2,544,064 2,479,372 16,037,644
15,501,264
Net... 1,029,996 1,167,680 5,997,381
5,850,652
June.
r—Jan. 1 to June 30.-^
1888.
1887,
1888.
1887.
Road.
Wisconsin Central. .Gross. 316^21 334,317 1,684,302
1,645,291
.
73,709'
Central Railroad & Banking Co. of Georgia.
{For the year ending June 30, 1888.)
"4,881
The annual report of President Alexander has beeu furnished to the Chronicle in advance sheets, and will be found
at length, on another page under the title "Reports and Docu717 ments." The fiscal year of the company has been changed so
that it now ends on June 30, and hence the present report
34,393 covers only ten months of operations, and the statistics cannot
properly be compared with previous years; but a table is
5,987 given comparing the twelve months, June 30, 1887, to June
9,512
30, 1888, with the twelve months Aug, 31, '86, to Aug. 31, '87 ;.
for the future, however, the termination of the fiscal year on
June 30 will be much better than the former rather unusual
17,486 fiscal year ending with August 31.
MOUTH AND CALENDAK TBAK.
1887.
Net...
191,673
35,527
1,190
For week ending August 25.
July.
Grose.
These figures were erroneously stated last week as being for July,
t In July, 1888, $25,000 was spent for steel rails, &c., and included m.
operating expenses, diminishing net earnings to that amount.
"3,590
Net Earnings Monthly to Latest Dates.—The tables foUowing show the latest net earnings reported this week, the
relums for each road being published here as soon as received,
but not kept standing from week to week. The first statement includes all roads for the latest month and from January 1, 1888; foUowing that we give the totals for the fiscal
year on those companies whose fiscal year does not correspond
With the calendar year.
1888.
Chic
•
22,273
p. c.)
Roads.
&
Decrease.
Increase.
9
Texas
r-Meh. 1
1888.
Road.
4(A wee* of Avgust.
Pittsburg
38,215
7,483
last year,
Cairo Vin.
Horthem
1887
$
Net...
per cent.
Sorfoik
July.-
1888.
Road.
For the month of August we have returns from 58 com- CaroUna t^ntral
psnies, having aggregate earnings of 119,201,808, against
118,338,708 last year, being an increase of $863,100, or 4-70
Evansvllle
[Vou XLVII.
$150,000
16,070
13,979
33,213
117,565
$300,827
Tlcksbarg Shreveport & Pacific Railroad.
{For the year ending June 30, 1888.)
The main line of this railroad extends from Delta, on the west
bank of the Mississippi River opposite Vicksburg, westwardly
through Monroe and Shreveport, to a point in the western boundary of the State of Loi-isiana bordering Texas. It forms a
part of the well-known Cincinnati New Orleans & Texas Pacific
system, and may be seen on the map of that company's roads
in the Investors' Scpplement,
The track at Delta has been raised so as to place the entire
track outside the levee above high-water, the levee also
having been raised this year and the cost to this company
;
was $23,726,
Ihe Mississippi transfer of cars has worked well.
The capital expenditures of the year for buildings, track,
tools, etc., were $69,884.
" In pursuance of the arrangement made with Mr, George C.
Waddill and associates for a conversion of the six per cent
income bonds held by them, all but $139,000 of income bonds
have been exchanged for third mortgage and land grant bands.
*
*
*
The necf Bsary documents have been execut d for
exchanging $1,931,000 of six per cent income bonds ht Id by
the English company and in conformity $965,500 third mortgage and land grant bonds have been delivered to that com*
*
pany, *
In settlement of balance of all accounts to
and including July 1, 1887, the English company has agieed
to receive $494,860 income bonds, dated July 1, 18S7, and
maturing January 1, 1920, bearing four per cent non-cumulative interest.
As a consequence of this settlement it has
become poesible to write on the debit balance of the net
revenue account to June 30, 1887, amounting to $1,355,341,
and this amount has been added to the cost of road. J
" The net revenue of the company being inadequate to provide for the payment of the coupon maturing July 1, 1888, of
the third mortgage and land grant bonds, the net cash procefds of land tales will be applied to the payment of the coupons of said bonds to the extent of five doUara per coupon. * *
" Holders of third mortgage and land grant bonds have
availed themselves of the option provided in the mortgage to
use bonds instead of cash in the purchase of lands to the extent of $220,697." The total lands of the company jet unsold
are estimated at 278,950 acres.
Skptiiibkr
THE CHRONICLE.
8, 1888. J
The earninss tnd expense*, and the net inoomo and
were as below stated
sition thereof,
dispo-
285
?^cjjorts
ana
:
iPocumeitts.
RARNINOS ANn RXFKNSeS.
Earn ings-
Net earnings
$1
h,;!.-!*!
*ii7,:);!r>
$i2.-.,iio.">
3'2(l,287
37<I..5S(I
-11,188
01,7(1.')
(i,'.,H7:)
$^184,811
39-l,33U
$5Gt,;U(!
$60t,'.;."il
Mull, oxiirosaund inisooUanooua
Total onrnlngs
Operating oxiwiuua and taxes
1888.
1887.
1886.
p«K».-iii.'i'rH
l'ri'li;lit
990,495
;tili i.i
•.">
CENTRAL RAILROAD & BANKING CO. OF
GEORGIA.
1
425,418
418,322
$138,808
»186,932
1887
$138,898
1888
$18i,932
$312,920
or. 143
13,927
$333,569
REPORT OF PRESIDENT AND DIRECTORS.
Office of the
CENTR4L RR. & BaNKINO CO. OF Oa.,
Savannah, Oa., July Ist, 1888.
raC'OMB AOCODNT.
1880
Net earnings
$90,45'5
)
[
To the Stockholders
Periiiet—
Intprtst on homls
Otlicr interest
Intert-st on oar trusts
$265,110
7,930
15,790
11,097
Mlaoollnnuous
Total expenditures
Balance, dellcit
$326,704
$187,806
$299,933
$209,478
In order to make thi Annual Reports to the Stockholders
conform to those reciuired by the Inter-State Commerce Cornmis ion and to the fiscal year now being generally adopted by
$303,615 railro.id compani's in the Un't?d States, and also to allow the
$177,f83 preparation of the Report before the beginning of the busy
sea-son in the fall, your Board of Directors have changed the
date of closing the fiscal year of the Company from August
31st to June 30th of each year.
2,029
12,075
er.
GENERAL INVESTMENT NEWS.
—A
Alabama
(ireat Soiithprn.
mortgag'^ has bean filed in
Chattanoo)i;a for £1,160,000. It was Emade by the Alabama
Great Southern Railroad la favor of the Central Trust Company of New York.
Consequently the following report of the operations of the
since the close of the previous fiscal year embraces
but ten months, from September Ist, 1887, to June 30, 1888.
The fo'lowing changes in the property of the Company have
been niaie during this period:
1st. The Columbus & Western RR. has been completed from
Goadwater to Birmingham, 69 miles, and opens for
business July Ist, 1888, the data of this report. It waa
operated to Syllacauga, 16 miles, on the 27th of Novem-
Company
Chicago Milwankee & St Panl.—Vice-President Bond
remarks, in reference to a reported issue of new bonds,
that the only bonds there has been any talk of issuing
by the St. Paul Company is a 5 per cent bond in substitution
ber, 1887, and to Childersburg, 26 miles, on the 15th of
for bonds already issued by the Chicago
Evanston Company
April, 1888, Its construction was much delayed bv
which carry 6 per cent. These bonds have been bought by the
unusual difliculties in tunnels through Coosa and Oak
St. Paul Company, and instead of guaranteeing and selling
Mountains.
them, it may tie thought best to ibsue a direct obligation at a
lower rate of interest, the same as was done when the com- 2d. The Eufaula& East Alabama RR. has been graded from
Clayton to Ozark, 40 miles, and track is now being laid.
pany bought the Chicago
Pacific Division.
The Chicago
It will open for business about September 1, 1888.
Evanston bonds cover a valuable corporate property, consisting of an in ependent entrance into the city of Chicago, with 8d. 1 he Blakely Extension has been completed to the Chattah<X)chee River, 13 miles, and the bridge to Columbia
valuable property for terminals and twelve miles of double
is under contract to be finished October 1st, 1888.
track city and suburban railway. The proposed issue of St.
Paul bonds would cover this property and provide for an 4th. The East Alabama RR. from Opelika, Ala., to Roanoke,
Ala., 37 miles, has been acquired for the Columbus
extension norlh to Lake Superior on newly constructed road.
Western RR. by purchase of its stock. It has been
In taking a general view of the Sr. Paul property it is found,
operatei as a portion of our System only since May Ist,
as a result of operations for the year ending May 31, 1888,
It is a valuable feeder, aad opens important ter1888.
that this road compired substantially as follows with the
ritory to us.
Chicago
Northwestern system, including the trans-Missouri
.5th. The Ocean Steamship Companjr his added another veslines of the latter.
TEABS EKDISO MAY 31.
The new ship i»
sel to its fleet, making ten in all.
^Ohic. Mil. <t SI. Paiil.~.
ca'led the City of Birmingham, and is being constructOhicaao it KovUiwat.
1887.
18S8.
1887.
1888.
will go into
Roach's.
shipyard,
Chester,
Pa.
She
ed at
SUIeage
5.U8
4.931
5.551
5,472
service early in August. She is built for freight service
Gross e.-n-nlnK8..*25.219,021 $24,814,012 $29,543,913
$30,028,308
Net eamuiK8....!H10,237,360 ,$8,623,640 [$12,839,927
only, has triple expansion engines of 1,500 horse-power,,
$11,205,517
and latest improved appliances for loading and disThis shows a net decreaae in St. Paul earnings of |1, 611, 719
charging cargo. Her speed will be about 11 knots, and
and in Northwest net earnings of |1, 634, 410.
her cargo capacity about 2,400 tons dead weight on
Cincinnati Washington & Baltimore.—The circular of
draught of 17J^ feet, and sh^ will stow nearly 7,000
JIe?srs. John A. Hambleton
Co., of Baltimore, dated Sepbales of cotton, which is largely in exc ss of capacity
"
tember 1, said
It is stated that the Cincinnati Washington
of any of our present vess 'Is.
Baltimore Company have confessel judgment in favor of
The additions to your property, therefore, during the vear
the BaUimore
Ohio for $1,800,000 for advances made.
have been 158 miles of railroad, and one steamshio, bu« only
hear that this action was approved by the London Committee 63 miles o? the new roat were completed in time to add anyof Cincinnati Washington & Baltimore bondholders, and that thing t ) the earnings of the property for the fiscal year, and
some arrangement will be made to effect a settlement of this this oaly for a very short period.
claim."
&
&
&
&
&
,
—
—
I
&
:
&
We
&
THE SAVANNAH & WESTEKN RAILROAD.
Denver Texas & Fort Worth.— Notice is given by the
Treasurer that, in accordance with a lesolution of the stockholders and board of directors, he is now prepared to exchange, share for sharr>. stock of this company for stock of
the Fort Worth & Denver City Riilway Compatiy, or for certificates of the Mercantile Trust Company for Fort Worth &
Denver City Railway Company, deposited with said company
under agreement of Nov. 5, 1886.
Internatiiinal
& Great Northern.— Defaul'. was made Sept
coupons of the International & Great
Northern Railroad 2d mort. 6 p. c. bonds of 1909. The gentlemen
1
in the pa} nient of the
named below, themselves owning and representing a large
number of these bonds, have, at the request t many other
<
bondholder!", c nstituted themselves a committee for the protection of the interests corcerned: James A. Roosevelt, Chairman, 32 Pine Street, New Yoik Thomas D.nny, J.Kennedy
Tod, Ci arles D. Dickey, Jr.
The Mercantile Tiust Company offered to buy the coupons.
The check bore the foUowmg printed endorsement: '" his
check is in payment for a like amount of coupons of International
Great Northern Railroad Cjmpany's sscond mortgage
bonds this day purchased from tha payee." Some large
holders refused to sell.
^
In order to simplify the accounts of the system and its financial operations, it has been decided by your Board to consolidate into a single company a number of our auxiliary lines
and branches (wliich have heretofore been operated under
separate charters), and a cut-off line which is proposed from
near Eden, on our main stem, 20 miles from Savannah to
Americus. Two chaners U' der which this cut-off, and other
desirable branches and extensions could be constructed have
been obtained under the names Savannah and Western, and
Savannah and Columbus. Under one of these, the Savannah
and Western, steps are now being taken to consolidate the
other and the following six companies:
1st. The Buena Vista and EUaville, Americus to Columbus,
65 miles. In operation 30. Under construction 35.
2d.
•'i
be in operation to the fifty-first mile-post by October 1. This
is areorganizition of the old Montgomery & Florida.— /i- RGazette.
^p" For olher railn ad
itevit tee
page 278.
Western, Columbus to Birmingham,
157 miles in operation.
3d.
The East Alabama, Opelika
Roanoke, 37 miles in
to
op'ration.
& Rome, Columbus to Greenville, 50
miles in operation, narrow pauge. Provision is made to
broaden the gauge and to extend the line to Newnan,
about "30 miles, giving ihe shortest lines possible from
4th.
The Columbus
5th.
Columbus to Atlanta and Chattanooga.
The Eufaula & CUyton, Eufaula to Clayton,
&
Northwest & Florida.—The stockholders of this road at a
meeting in Montgomery last week, voted to issue |180,000
first mortgage .^O-year bonds and $900,000 income bonds.
The mortgage is at
per cent and the income bonds 4. The
whole debt of the road when completed to the fifty- first milepost will be $612,000 first mortgage bonds, |806,000 income
bonds and $612,000 stock. It is expected that the road will
&
The Columbus
in operation,
&
21 miles
East Ala'ama, Clayton to Ozark, 40
It is conmiles, will be in operation in a few weeks.
templated to extend this load soon to Elba, and thence
with
New
Orleans,
Mobile
eventually to a connection
Na.shville Rjiilroad.
and Pensacola by the Louisvill-The consolidation of these companies will b» completed diuring the month of July, when the scheme of the Company will
comprise a trunk line from a point near Savaiuiah to Americus, and two main branches; one to Birmingham via Columbus and Opelika, with side lines to Newnan and Roanoke; the
flth.
The Eufaula
&
THE CHRONICLE.
286
other, by the Southwestern Railroad, to Eufaula and via Ozarli
Nashville Railroad.
to a connection with the Loui-ville
Tlie main stem from Americus to Eden will develop a la^ge
and valuable territory now without railroad facilities, and
richer in lumber and naval stores than any other portion of
Cfeorgia. The surveys of this line, now being pushed, indicate
an excellent line, easy grades and cheap construction. Its
completion will shoi ten our present distances from Savannah
to important competitive points about as follows:
To Columbus, Opelika, Birmingham, and beyond, 36 miles.
To Americus, Albany, Eufaula, and beyond, 61 miles.
To Montgomery, Sekna, Mobile, New Orleans, and beyond,
33 miles.
To Mobile and New Orleans a still further redact ion of about
38 miles may be made in the future by the extension from
Ozark, above referred to.
On the completion of its consolidation therefore, the SavanWest rn Railroad will have practically in operation
nah
33)5 miles of railroad, as follows:
&
&
Columbus
to
157 miles.
"
37
"
50
"
61
"
30
Birmingham
Opollkii 10 Roruioke
to Greenville
luf.iuh-v 10 Ozark
Americus to Buena Vista
Columbus
to
And under
Attxiliary System.
Total
The only obligations outstanding against
of the companies consolidated as follows
35
"
ISO
20
"
it
"
Port Itoynl
Port Royal
Aug.
A iifiusla 112
January, 1911
6
January, 1914
October, 18!J8
$1,228,000
bond?, and provide means for
the new conf<truction, by issuing a consobdated mortgage bond
limited to |17,000 ppr mile on standard gauge road in actual
operation and $3,000 per mile for equipment.
The stocks of the consolidated ro ds will be converted into
the stock of the new road in the proportion of their reepsctive
It is propo<!ed to retire these
.
'
6250,000! 6
rll2.000! 6
(4579,300 6
920,700
51,200
I
d698,800
63,187
& Know. Bonds.
630,000
Mortg. Bonds
Preferred Stock
Common Stock
44,100
13,560
1,684,000
184,000
694,000
'516,006
133,927
tt
Sav. O. <t A". Ala.
3 St Mortg. Bonds
Stock
Wrigkl'V.
&
TenniVe,
73,932
27,210
. 00,000
739,000
272,200
34,941
5,059
16
2,701
35
16,891
15,000
70.000
Common Stock
The whole
81,232,200
188,500 01,043,700
60i.
Preferreil Stock
A sinking
A sinking
5?,287
15,000
6,720
Car. !29
<* IT.
1 .St
(o)
Due.
6
8
593,093
600,000
IstM. Bonds, 1918....
Bate
.'$114,211
$29,760'
93,680;
.
Stock
(6)
$300,000
228,000
2UO,000
Total
tt
lat Mortg. Bonds, '90.
2d Mortg. Bonds, '98.
Income Bonds
-
49,300
.
984
Total Miles.
Amotuit.
,
307
Georgia Railroad.
Rental
:
.
I
;
WfsUrnRR.. nf Ala. 138
Ist Mortar. Bonds, '88.
$372,000
1st Mortg. Bonds, '90..
1,171,000
Stock
....'$1,500,000 rtl.500.000
Upson County.
570
will be the bands
Fixed
yet
Oulsiand'g\
not oient.d V Charges Ea'n'gs
nn
out- last fiscal
by C. RR. 8
standing
Year.
!
Stock
Eden to AuiTicuis
Greenville toNewnan
& West. Ist M. Bonds
Columbus ^ West W. KR. of Ala.
Columbus & Rome 1st M. Bonds..
Owned by
O. SR.
of
.
Columbus
survey for early cocstruction
Cfllumlius
Obligations
West Point.] 87
Certificates tudebt'nos
Stock
have under construction
BuFua Vista
<t
Ailanta
335 miles.
It will
Boads
[Vol. XLVII.
of this la held in Georgia Railroad lease.
fund of $10,000 per annum against these bonds
amount,'* t"$f5,000.
(f)
fund of $8,000 pel
annum
ag.ainst these
amounts to $ !3.000.
(rf) $150,000 of these bonds and $75,000 stock are held
bonds
now
now
in
Georgia
Railroad lease.
(c) $t 10,300 of the certificates of indebtedness and the same
of the stock are held in Georgia Railroiid lease.
amount
The Georgia Railroad and the Western of Alabimi alone
show small deficiencies in meeting their fixed charges, due to
othfrs than the Central Railroad. The deflc;eaoy upon the
Georgia Riilroad is owing entirely to an unpreced mted fl )od
summer of 1837, which caused consider jble loss of
and very heavy briige and culvert repairs not yet
,entirely fiui<h-d.
That upon the Western Riilroal is due to
The status of the other roads and compani's composing tlip li avy purchases of steel r^iil, which, extending partially into
Central Railroad and Steamship System is practically un- the new year, will, wii^hin a few week>, put its entire track in
changed since the date of the last Report, but for the sake of steal of Irom 58 to 62 pounds per yard.
clearness the whole may be summed up as it s'^nds at tlie
INCOME ASD EXPENDITURES.
beginnirg of the new fiscal year in the following table, showing
The fol'owing statement exhibits the re uUs of operation of
inaebtedc£6s and annual fixed charges (jf the System proper
raili^oads, steamships and bank, and the income accourit of
INDEBTEDNE.SS AND FIXED CHASfJES.
the company for the period covered by thij report:
market values.
A mountt oj
Bonds
Xoadsit Olllgalioni.
Central linilr
rirat
Mortf-'iit'e
Milef.
-~
\
atul
'iuoranteed
Stoekg
Outsfand'g.
1
» «
Annual
^
Fixed
Charges.
,3^ When Due.
311
>;id.
Bonds
$4,999,000
foUateral Ti ust Bonds.
Ccrtltlcates ludubtedn's
;J.an.,
5,000.0'i0
4,600,000
May,
1893
19:V
6 IJuIy, 1891
$349,9 to
230,000
276,000
Atignelaie liavannah
Guaranteed
.Stock
,032,200
73,090
167,000
14,000
5,099,400
3 6,958
3
,
in
the
traffic
THE SYSTEM PROPER.
Hainnion ftraneh.
ST.tTEMEST FOR TEN MOXTUS FROM SEPT. 1, 1837, TO JUNE 30, 1888.
GROSS EARNIKGS RAILROADS.
Central Railroad. Augusta & Savannah
and Eatouton branches
$2,651,337 75
Southwestern an 1 Mobile & Girard RRs.. 1,169,131 85
C(dumbus &. Wc-'tTU Railroad
169,640 37
Montgomery & Eufaula Railroad
271,466 04
Eulaul I & Clayton Railroad
27,079 '.'6
East A'abama RR. for May and June, '88.
6,652 29
$4,295,307 56
EXPENSES, TAXES AND BETTBRMENTS.
Central Railroad, Augusta & Savannah
and Eatonton branches
$1,482,090 47
Southwesteni and Muhile & G'rard RRs.
632,0S,-( 03
Columbus & Western Railroad
137,-'S9 89
Montgomery* Eufaula Railroad
150,272 ijO
EufauU & Clayton Railroad
14,652 23
East Alabama RR. for May and June, '88.
e,142 24
$2,422,535 16
.
Guaranteed Stock...
SOiiiliwestern Hit.
333
Guaranteed Stock...
•
Monlp'ry d Eajauln.
rirst Mortgage
Uobile
<e
tends
80
al,500,000
Girard.
First MortKage Bonds..
Second Mortgage Kouds
Second Mfirigagc BondGuaranteed stock
Bavannali <t- Wettem.l
Ist Mortg. Col. ife WoBt
Ist Mortg. W. RR Ala.
Ist Mortg. Col. & Rome
TotaLo.
261,000 8 Jan., 1R89
19,000 6 |June, 1897
800,000 4 June, 1897
673,456 1-5
3 ,0011
10,102
-
ono
"'
20,880
1,140
$1,872,772 40
INCOME ACCOUNT OF COMP.VNY.
Net earnings Railroads, lOmonths
$1,872,772 40
Net earnin .s Steamship Co.'s, 10 months.
Net earnings of Bank, lOmonths
Income from Investments, 10 months
800,000
6
22'<,000
8
200,0U0
$2,413,638 09
Jan., 1911
Oct., 18S8
6 Jan., 1914
4^,000
18.210
12,000
1892
59,220
Interest on Bonds, 12 months
Interest on L'la s, 10 months
Rentals of Roads, 12 mouths
Interest on Certitlcates Indebteduess, 12
months
300
457,014 19
46,651 00
66,601 10
CHARGEABLE WITH
6987,000
1,519 $26,366,056
AveriKre permlln...
aJ,o*u5tS",'o$T72
90,000
835
.
Ocean Sleamthip Co.
First Mortgage Bonds..
Estimated mileage
July, 1909
85
Net cartings
$l7.3.i7
*'''<^ Peranniun
Jan.,
$1,611,470
$1,061
against these bonds
now
Total flxed charges
Excess of Income ovtr fl.xed charges.
Add surplus from last year
Total Net Income
Disposed of as follows:
$335,017 39
15,7.S0 02
459,387 00
276,000 00
l,5Sn,134 41
$8'>7,504
-iS
239.175 15
$1,096,679 43
Dividend, 8 per cent
$600,000 00
amoUts to*;^:otj:' *1««'OOOP" «°-"™ asainst these bonds now Advanced Georgia Railroad one half Deflcitin Lease
3,453 21
THE AUXILIARY SYSTEM,
Sinking Fund Montgontry & Eufaula
Railway
paring the past year two of the roads formerly included
15,000
00
in
618,453 21
* P"''"^ '^e system proper-the
^C.h,''^^
J'o'®
''**'°T
Columbus & Rome and the Buena Vista & Ellaville.
Present Surplus
$t78,2'26 22
The
ewtus of the remaining roads is fubstantially
Briefly the above statement shows the Company in ten
Thefollowmg table exhibits their mileage, their unchanged.
sto. ks and
months has earned its fixed charges for twelve months (all of
amounts
of
each
^^^
held
by
the
Centr.
1
Rail«
,,^'f7\i:'"'
whichhappened to fall due within the ten months), a dividend
road,
the fixed charges on the portions not
so held, and the of 8 per cent, advanced to
Sinking Fund and to Georgia RR.
net earnmgi of each for its last fiscal
year:
(18,453 81, and increased its surplus or reserve dividend
4
Beptembeb
8.
account |339,031
1888.J
-
THE CHRONKJLF.
or over 8 per cent upon its capital.
While record ia kept of nil betterments and additious to
Sropcrty, as shown in other statements below, they are
educted along with opETiting expensea and taxes in arriving
at ihu net eaiuiogs, i
07,
COMPARATIVE STATEMENTS.
For purposes of compatison with oast and fu'.ure fiscal years
of twtlre months each, thu foregoing results for ten months
have been consolidated with the months of July and August,
1887, uiakinK a twelve months' statement June 30th, 1887, to
June 30th, 1888, which is compared with the twelve months'
statement of last Annual Report in the following table
Twelve Months' Statkment fob CoMi'Anisos.
:
QBOSS GAUNUiUS RAlLROAb!^.
1888.
& Savannah
Centnil Railroad, Aiiijustn
ami KatoiiUinbraiiilics
Boullnvisttin and Mubllc
$2 990,892 50
GIrardKRa 1,342,827 61
.J:
("luiiihiis it Westt-rii ItiiiJroad
JIi.iU ..iiMTy At Kiifaiila Railway
li'iUaulit Jc
1887.
Jtme 30, '87, to Aug. 31. '80. lo
June 30, '88.
Sue. 31, '87.
I'ii.&it ftU
316.sir. 07
t'lajtou Railroad
f2,RS0,(i82 53
1,292,932 94
192,3.'i« 17
322,4r)3 38
29,770 93
21,275 18
$1,874,960 67
$4,421,680 50
287
MISSOURI PACIFIC RAILWAY.
CONSOLIDATED FIRST MORTGAGE ON THE MISSOUBI
PACIFIC RAILWAY SECURING 6 PER CENT GOLD
BONDS DUE NOVEMBER 1, 1920.
Da^e.— Of the original deed Novemlier 1, 1880; of the supplemental deed appointing an additional trustee, December
18, 1880; of the supplemental deed convoying the Omaha
Extension, March, 1882.
Parliet.—lhe Missouri Pacific Railway Company of the
first pait and John F. Dillon and Edward D. Adama,
Trustewu
"'"^
of the second part.
Property Vovered.—\. All that portion of the company's
railway formerly known as the Missouri Pacific Railway, with
all its appurtenances, extending from St. Louis westerly
tQ
Karsas City a dittance of about 284 miles, with the Carondelet
branch, Kiikwood, St. Louis Co., Mo., easterly to Carondelet
\\% miles, making in all about 296 miles in operation.
2. All the railway formerly known as the S
Louis & Lexington Railroad, with all its appurtenances, extending from Sedalia on the last- mentioned line in Pettis Co., Mo., northwesterly
to Lexington, Lifayette Co about 55 miles in operation.
3. All the railway formerly known as the Knnsas City
Eastern Railway extending from Lexington, La'ayette Co.,
Mo., on the last mentioned line, to Kansas City, about 43 miles
in operation; al.^o the extension to b3 construct 'd from
Lsxington to Booneville, Cooper Co., about 80 mile;.
4. All the railway formerly known as the Lexington
Southern Railway, with all its appurtenances, in process of construction from Pleasant Hill, Cass Co., Mo., southerly to the
boundiry line of said State in McDonald Co., a disianc© of
about 200 miles; slso an extensioa with all its appurtenances
from Plea-'ant Hill through Casi County to the Sate line
betweea Mssouri and Kansas, to a couLectioa with the railway next to be described.
5. All the railway and telegraph
line,
with all their
appurtenances, constructed and to be constrncted, formerly
known as the St. Louis Kansas & Arizona Railway, consi-ting of two divisions
The firet division extending and to
be extended from a point in Miami County, Kansas, where the
eastern boundary of said S. ate is intersected by the Missouri
Kansas & Texts Railway, southwesterly to a point on the
western boundary of Kansas, being about 430 mlts constructed and to be constructed. The second division extending and to be extended from said point in Miami County,
Kansas, westerly to Topeka, Kansas, a distance of about 100
miles.
[Only a few miles of this has been constructed.]
6. All the railway formerly known as the Kansas City
Leavenworth & Atchison Railway, with all its appurtenances,
extendiog from Kansas City northwesterly to Atchison,
Kansas, a distance of about 47J^ miles in operation.
7. All the railway constructed anl
to be constructed
from a point upon the line of the Central Branch of the
Union Pacific in Atch son County, Kansas, about one mile
we t of the Missouri River, northwesterly through Brown
County, Kansas, and Richardson, Nemeha, Otoe and Cass
c unties, Nebraska, crossing the Platte River at Loui'ville,
and thence through Sarpy County to Papiliion on the Union
Pacific Railway, the total length of sail road in Kins is and
Nebraska being 147 miles. [Described in the supplemental
deed of Maroti, 1883]. Together with all the appurtenances
of every description of the entire line of railways and of each
and all the sec ions thereof, including all extensions andaddi.
,
EXI'EKSES TAXES
Central Uailroad, AitKiista
AND BETTERMtNTS.
Savanimll
de
and i: itout ailir.iiH^lics
$1,677,889
Soutliwostoriuiiicl Moliile it GlrarURlU
769.tiy4
& Wi-stri-ii liallroaa
151.478
Montgomery A: KiifaiU t Railway.
181,6U
C<iUinilMi,-.
£ufuULla
di
77(1.773
35
20
17,583 71
$2,801,257 60
$2,411,814 99
309,457 69
158,710 59
$2,491,799 97
$2,283,104 40
betteruienta and additions to
pn'PL-rty Included above
Amount
.f],365,4r.8
11J.917 00
174.001 57
17,104 87
Claytuu RaUroad
Amount
54
23
94
24
..
NET BAKNIKOS.
all oxpendltmea
$2,073,703
Net earnings steamship oompauics
526.'201
Neteaniitigs ot bank
52,414
Income froji iDvostmcnts
6e,C01
Net earnings railroads over
Total net Income of company
Increase for twelve months
01
20
91
10
$2,718,920 22
$129,278 58
$1,979,865 51
274,194 1:2
1«2 O.T
35,419 88
$2,289,011 66
GEJJERAL REMARKS.
For detailed statements of earnings from different sources,
expenses of
and the
is
made
&
operatinfc expenses, less bet'
tormcnta and additions
all depirtmsnts, the usual financial atatements,'
conditio.1 of the property and of the B mb, reference
tj the accompinving reports of the General Manager,
the Cashier »nd other officers.
Generally it may be stated, that while, a? the gross and net
earnings of the Company indicace, its physical condition and
its equipment will compire favorably with those of any other
roid in its section (>ind are far better than ever before in its
own history), yet there is much to be done which will jiel 1
large returns, by enabling us to handle business more ec jnomically and rapidly, and by attracting new butiness.
are
opening up new fields with our extensioas anl acquisitions,
and commanding increased business in the older fields with
every improvement in our service. It is proposed, therefore,
to bring our track and bridges to the high-st state of excellence, and to provide an ample equipment of tha best modern
rolling stock as rapi^ily as it can be done.
With these, and
with the natural advantages of our location, the valuable
local buainess which has grown up along our lines during
many years, and the new facilities we are off dring for through
bus nesa between the West and the Eist, tha cjaditioa of the
Company should improve lapijiy every year.
We
&
:
and all rights of way, buildings, fixtures, materials,
rolling stock, franchises, land, revenues, etc., now owned or
hereafter acquired (subj-ct, however, to the conditions upon
which such acquisitions are obtained), or that may be now or
hereafter in any manner connected with or pertaining to its
said entire line of railways or any of the parts thereof.
by this mortgage under which
[ Phe mileage now covered
$14,714,000 fconds are at present outstanding is approximately
Atlantic Atlanta St Wreat Westera
Th > surveyors hive as follows St. Louis, Mo., via Kansas City to Omaha. Neb.
completed the location from Atlaita to Eitonton, towards (total dis' ance 497 miles 3 milts lea-ed), 495 miles: CaronSavannah, a distatic:! of 87 miles, and construction it to b 'gia delet branch, 13 Sedal a, Mo., via Lexington to 1: dependence.
at once. The engineer corps is now making final location of Mo., 88
Laclede, Mo., to Creve Cteur L ke. Mo., 13 : War-,
the balance of the line to Savannah. Its completion will rensburg branch, 3 ; G'encoe branch, 4 ; Jefferson City, Mo.,
sho tea by 50 miles the dis ance between Atlanta and Sav.in- to Ba,{nell, Mo., 45; Paola, Kan., to Lerov, K^n , 61 ; Osanah a'-d points beyond, and the engin-'ers repot very favor- watomie Junction, Kan., to Ottawa. Kan., 30 Pleasant Hdl,
ably of the country ii traverdes, its population and reeources Mo., to JO(.lin, Mo., 133 ; Nassau, Mo., to Cnetopa, Kan., 74
;
legitimately tributary to this line.
Lincoln Junction to Lincoln, Neb., 34, and B.oceville, Mo ,to
>., 78 ; total, 1,080 miles.]
Called Bonds —The following bonds have been called for L xington.
Prior Lient. Of the bonds authurizej under this mortpayment
Philadelphia
Rmadixo Coal
Iron Company. -Loan gage, $30,184,000 were to be retained to cover certain prior
of Januirir 30, 1883, for $433,000, secured by mortgage of the liens, part of which have since been retired. The bonds still
Little Schuylkill Nitvigation Railroad
Cod Company, dated held in reserve amount to $15,336,000, being equal in par value
August 1, 1868, to be paid at par at the office of the Fidel- to the following prior lien bonds now outstanding :
1. First mortgage 6 per cent bon ^s of the Pacific
(of
ity Insurance Trust
Safe Depjsit. Company, No. 3i5 Caestnut St., Philidelphia, on October 1, 1888— 30 bonds of |1 000 Missjuri), dated August 1, lb68, and due August 1, 1888,
outstanding
prior
to the amount of $7,000,000, having a
lien
each, viz.: Nos. 5. 9, 57, 07, 80, 9>. 109, 143, 187, 174, 183 300,
on the road from St. Louis, Mo., to Kansas City, a distance
255, 278, 285, 301, 319, 333, 1^65, 392.
of abiut 284 miles. [These bonds were extended in 1888 till
Northern Paelflc— The Northern Pacific agreement in Au.;ust 1, 1988, at 4 per cent.)
regard to the Red River Valley roal wis ratified by the Mani2. Sec >nd mortgage 7 per cent bonds of the Pacific RR. (of
toba L^nislatute. By this a transfer is made to the Noithern Missouri), dated July 1, 1871, due July 1, 1891, of which
Pacific control of ttie Red
ver Valley road from Pembina to $2,673,000 are outstanding, having a second lien on the propWinnipeg, and the extension of 51 miles from Winnipeg erty cover d by the above first mortgage.
which the Government is now tuildintr. The Norihern Pacific
8. Fir.-t mortgage (real estate) 8 per cent bonds of the Pacific
agie-s also to build a line from Winnipeg 135 miles northwest RR. (of Missouri), dated May t. 1873, and due Mav 1. 1892,
to Portage la Prairie, and guarantees a low maximum rate on I secured by first ruortgage oncertain real estate in St, Louis,
t'ons,
—
:
—
;
;
;
M
&
—
&
&
RR
&
R
freight from northwestern points to Dulutb.
Mo., of which $300,000 are outsta^dioK.
THE CHRONICLE.
288
4. First mortgage 6 per cent bonds of the Pacific
Missouri), dated October 1, 1873, and due October
RR.
1,
first mortgage on
which $245,000 are outstanding.
5. Third mortgage 7 per cent bonds of the Missouri Pacific
Railway Co., dated November 1, 1876, and due November 1,
1906, secured by a third mortgage on all the railways and
property of the Pacific RR. (of Missouri) included in the
above mortgages, of which $3,828,000 are outstanding.
6. First mortgage 7 per cent bonds of the Leavenworth
Atchison & Northwestern Railroad Company, dated October
1, 1869, and due October 1, 1889, secured by first mortgage on
the road from Leavenworth to Atchison, Kansas, about 22
miles, of which $190,000 are outstanding.
7. First mortgage 5 per cent bonds of the Missouri Pacific
Railway Company, dated October 1, 1880, and due August 1,
1920, secured ty first mortgage on what was known as the St.
Louis & Lexington Riilroad, from Sedalia to Lexington, Mo.,
about 55 miles, of which $650,000 are outstanding.
THE BOND.
COMMERCIAL EPITOME.
miles, of
Date.—Novemberl, 1880.
Senommalimi.— $1,000 each.
Amount AulTinrized.— $30,000,000 [$20,184,000 to cover
and f9,81G,000 for efiuipmont, repairs, constractlon, etc.]
JPnncipal Fayable.—Tlie principal is payable November
Kew Yorii City,
prior liens
1,
1920,
m
in gold coin of the United States of or equal to the
present standard of value.
Interest Payable.— The interest is 6 per cent per annum, payable in
•aid city May 1 and November 1, In like gold coin.
Clatsiflcation.— Coupon, with privilege of registration as to principal.
Sinking Fund.— No sinking fund
Is
provided.
—
Covenants. The company covenants to pay all lawful
taxes and assessments, to suffer no statutory or laborers' liens,
to keep insured its rolling-stock, tools, machinery, buildings,
bridges, and all other property usually insured by railway
companies, and in the same manner, and to the same extent,
to diligently preserve its rights and franchises, and to keep its
property in good repair and thoroughly equipped, etc.
Default. In case of default in the pajment of taxes and
assessments after ninety days' notice in writing requiring the
—
payment
XLVII.
(of
1893,
the Carondelet branch, 11-75
secured by
[Vol.
thereof, or in case of default in payment of interest
continued for six months after demand therefor, or in case of
default in carrying out properly any of the provisions and requirements of this obligation, it shall be lawful, unless this
default be waived as hereinafter provided, for the Trustee to
Friday
Niciht. Sept.
7, 1888.
Reports of damage to crops have followed the excessive
rains which fell last week in various parts of the country.
These are largely exaggerated, however, and with the return
of better weather the prospect is quite encouraging. Autumn
business continues to make good progress. Even in the iron
trade activity at advancing prices is the rule. The weather
has turned unseasonably coal, with kQling frosts reported in
northern latitudes. The following is a statement of stocks of
leading articles:
1888.
Sept. 1.
Pork
Lard
bbls.
tcs.
Tobacco, domestic
Tobacco, foreign
Coffee, Rio
Coffee, other
Coffee, Java, &o
hhds.
bales.
bags.
bags.
mats.
Sugar
Sugar
Sugar
Helado
hhds.
boxes.
bags, &c.
hhds
hhds
Molasses, foreign
Molasses, domestic
bbls.
No
Hides
Cotton
Rosin
bales
bbls.
bbls.
bbls.
Spirits turpentine
Tar
Rice, E. I
Rice, domestic
bags.
pkgs.
bags.
bags.
Linseed
Saltpetre
Jute
bales.
bales.
bales.
Initts
Manila hemp
Sisal
hemp
Flour
bbls.
and sacks
12,332
11,074
49,522
44,267
96,398
64,701
55,667
4,489
None.
1,156,951
None.
1,136
4,500
364,600
141,635
21,179
1,696
1888.
Aug.
1.
15,340
17,362
48,015
43,164
211,949
113,466
44,900
7,123
None.
1,629,987
None.
1,610
5,000
452,300
139,962
17,875
1,168
453
317
56,100
1,760
None.
10,500
83,000
None.
1,200
83,370
20,900
3,400
None.
11, .500
84,000
None.
2,500
121,469
1887.
Sept. 1.
16,303
19,054
49,185
43,984
354,891
141,720
92,850
29,011
2,993
2,226,498
None.
2,317
750
346,200
36,824
18,239
8,424
643
3,500
4,500
None.
16,500
11,500
9,679
3,217
126,159
Lard on the spot shows a further and material advance, being
very scarce, but the close is nearly nominal at 9'70j. for
enter upon and operate the property, applying the net revenue
therefrom to the payment of the interest in arrear, or which prime city, 10' 10@10 '150. for prime to choice Western and
shall become due on the bonds secured hereby, in the order 9'70c. for refined to the Continent. The speculation in futures
of its maturity, and. after paying all such interest which shall was early in the week somewhat excited, prices making
a great
have become due, to the payment of the principal of the bonds.
If at any time before the full payment of the bonds the com- advance on Tuesday, but Wednesday was irregular, the early
pany, whenever it deems expedient for the better security of months declining, the next crop improving and the market
the bonds, shall be willing to voluntarily surrender to the has since been quite unsettled, closing dull and weak.
Trustee the possession of the property for any term of years,
DAILY CLOSING PRICES OF LARD FUTURBS.
although default may not have occurred, the Trustee shall
Saiurd'y. Uond'y Tuesd'y. Wednsd'y. Thurad'y. Friday.
take control of the same, employing the revenues thereof as
delivery. ..0. 9-70
lOOS
1"05
1000
1000
tU
may be most beneficial as well to the interests of the public Sept.
9'93
Oct. delivery. ...0. 9'60
o
9'99
9'93
9-90
to the bondholders and the company.
9'32
Nov. delivery.. ..c. 890
g
9'30
9-27
925
8-47
"
8-73
8-65
8-73
c.
8-71
In case of default in the payment of taxes and assessments, Deo. delivery
8-47
8-65
8-71
Year
delivery....
c.
8-71
f
873
as aforesaid, or in case of default in the payment of any
Pork
is
rather
firmer,
but
bacon
is
cheaper
ani
interest upon the bonds or of the principal thereof, continued
cut meats
for six months after demand for payment, as aforesaid, it unsettled. Beef hams are again lower at $14@$14 25 per bbl.
shall be lawful, unless the default be waived as herein pro- Cheese closed dull and weak at 7J^@9c. for State factory.
vided for, for the Trustee to sell tbe property at public auction
C ittee has been active and aavancing for both spote and
in St. Louis, Mo., applying the net proceeds to the payment futures, but the market to day was dull and drooping. No. 7
of the principal of the bonds, whether the same shall have Rio sold at 12^c. to arrive, with fair cargoes quoted IS^c.
previously become due or not. and of the interest accrued and and futures were decidedly lower, closing weak, with sellers
uiipaid thereon ratably to the aggregate of said unpaid prin- as follows
September
12-30c. January
10-80C. May
cipal and interest.
10-80C.
11 '900. February
lO'SOo. June
10-850.
This provision is cumulative to the ordinary remedy by fore- October
November
ll'25c. March
lO-SOo July
10-85C.
closure
the courts, and the Trustee, upon default as afore- December
ll-lOo. April
10-75c. August
lO-SOc.
eaid, inay, at his discretion, and upon the written
request of
Raw
sugars have been active at hardening values, but were
the holders of a majority in value of the bonds shall,
institute today quieter, though steady, with sales of Trinidad 86'90
proceedings to foreclose this mortgage in such manner
(by sale deg. test at S'^c. and 88-20 test at 5%c; Centrifugal, 96 deg.
under the power herein given, or by suit,) as the majority
o( test, quoted at 6 5-16c. Refined sugars also dearer. Molasses
said bondholders may direct; and if no such
direction is given nominal. The tea sale on Wednesday went oflf at steady
in this behalf, then in such manner as to the
Trustee mav prices.
eeem most expedient.
Kentucky tobacco was quiet but tending upward in symIn case of default as aforesaid, or if default be made
in any pathy with Western advices. Seed leaf has been active and
OI the obligations herein agreed to be performed,
then in such firm, though it is believed that recent frosts have done no
case the principal sum of all the bonds shall, in case
a majori- harm to the new crop. Sales for the week are 3,958 cases, as
ty
interest of the bondholders in writing, under
seal so follows: 1,100 cases 1887 crop. State Havana. 12@30c.; 100
elect, become and be immediately due and
payable. And a cases 1886 crop, do., 13@16c.; 450 cases 1887 crop, New
majority in interest of the bondholders may by writing,
under England seed, 13J^@18o.; 400 cases 1887 crop, do. Havana
their hands and seals, declare or instruct
the Trustee to de- seed, 133,^@35c.; 600 cases 1887 crop, Pennsylvania Havana,
clare the vrincipal of the bonds due
and payable, or mav 18@28c.; 200 cases 1887 crop, Pennsylvania seed, 10}4@12}4c.;
waive or may instruct the Trustee to waive any
default in the 450 cases 1886 crop, do,, 7i^@13c.; 250 cases 1887 crop Wisconpayment of prmcipal or interest on such terms
as such sin Havana, 9@13c.; 100 cases 1887 crop, Dutch, private
majority may deem proper.
terms; 108 cases 1887 crop, Ohio, private terms, and 250 cases
2-rustees.-The Trustee may be removed and a
successor sundries, 5i.^@30c.; also 700 bales Havana, 60c.@$l 10, and
be appointed at any time by any court of
competent juris- 300 bales Sumatra, $1 87i^@$l 75.
i^P"" app. cation of a majority in interest of the
Spirits turpentine has latterly been more active and to-day
^.i°if
bondholders; and it is also agreed that a majority
in value advanced to 37i.^@38c.
Rosins are quiet at $1@$1 07i^ for
of the outstanding bondholders may,
upon their own motbn strained.
The speculation in crude petroleum certificates
any time, with or without cause, by an
instrument
in has been at improving prices, and to-day was quite active,
writing, and without calling a meeting,
remove the sa d closing at 95^3® 96c. on a decreased flow of wells.
one or more trustees herein
'°.^/;«?8
«PP««'
On the Metal Exchange straits tin has further advanced,
To',^';*^^
Boud?wmrsMeetmgs.-Ueetmga of the bondholders, to closing
at 22-70C. on the spot and 23-55c. for November.
City, may be called by the Trustee,
or
in
Ingot
copper has been dull and closes nominal at 16-90c.
^rh other
o.h. ^^'^J'"^
each
mode as may be from time to time fixed bv
for
a
September.
Domestic lead has continued active and
majority of the bondholders; but no decision
of any i^ajority closes slightly dearer at 5c. Spelter
is also firmer at 4-90c.
Bhall be of authority, unless duly
authenticated by an instru
Wool
has
continued
to meet with an active demand at a
ment
writing assigned by said majority.
further advance. The new crop of State hops opens at 20@25o.
8
I
i
m
|
|
m
^
m
^
Skftbmbkr
THE CHRONICLE.
8, 1888.J
COTTON.
In addition to above exporta, our telegrams to-night«Iao g^T«
as the following amounts of cotton on shipboard, not cleared,
add similar figures for New York,
at the jiorts named.
which are prepared for our special use by Messrs. Carey, Yato
ft Lambert, 24 Beaver Street.
We
Friday, P. M.. Sept. 7, 1888.
bh indicated by oiir telegrams
from the South tonight, is given below. For the week ending
this evening (Sept 7), the total receipts have reached 39,10t
bales, against 23,039 bales livst week, 18,517 bales the previouu
Thk Movkmknt op the Crop,
Sept. 7,
since, making the total
receiptssinco the Ist of September, 1888. 39,164 bales, against
-^100,956 bales for the same period of 1887, showing a decreaso since September 1, 188H. of 01.71IJ baU-s.
weeks
19,419 bales three
week and
Men.
Sal.
Xeeeipttat--
1,044
Gal vcston
Thurt.
1,240
2,001
1,294
414
285
236
412
453
214
307
c
87
1,813
,
2,H83
3,021
2,799
3,163
3,457
17,730
20
678
20
073
4,197
3
3
948
Wilmington..
228
145
270
111
179
128
1,061
28
4
102
137
207
135
857
9
1,014
622
325
951
Norfolk
West Point, &o
New York .
H
24
.
77
51
25
Philadelphla.dko
week
4,609
39,104
8.265
0,325
6,509
5,906
7,650
For comparison we give the following table showing the week's
total receipts, the total since September 1, 1888, and the stock
to-night, compared with last year.
1887.
1888.
Rteeipti to
Thi»
Wetk.
Since Sep.
1, 1888.
This
Week.
Sept. 7.
Stock.
Since Sep.
1, 1887.
1887.
1888.
10,924
10,924
19,965
24,151
9,031
18,761
2,573
1,485
2,573
1,485
13,867
14,164
2,112
21,646
50
50
675
15,731
3,492
1,179
Savannah ... 17,736
20
Bnui8w.,&c
17,736
25,867
4,197
2,359
15,620
P.Royal.Ac
Wilmington .
3
1,061
4,197
3
1,061
30,684
1,809
16,380
13,490
..
26,432
1,249
13,995
550
716
3,228
3,539
1,172
2,549
15
25
2,021
1,207
2,037
1,207
895
1,926
137,424
1,000
742
2,363
30,613
2,500
184,748
129,049
Galveston
...
Ic<l'nola,&o
New Orleans.
Mobile
Florida
Cliarleston
20
2,2-.i7
Wasli't'n,<&c
Norfolk
W.Poliit,Ao
1,014
1,014
24
24
NewY'ork
Boston
Baltimore
...
PhU'del'a,
&o
77
39,164
39.164
Totals
Galveston
New Orleans.
UobUe
Bavannah
...
OIiarIe8e'u,&o
WUm'gfn, Ac
Norfolk
W't Point, Ac
AU others
200
2.500
2,324
2.500
4,374
20.250
1,000
None.
700
None.
None.
1,000
117,174
4,277
Total 1888
15,858
1,272
7,575
5,950
30,655
154,093
Total 1887
Total 1886
22,850
15,080
424
416
3,214
3,200
10,094
10.593
86,601
20,289
92,358
159,770
1888.
100,950
85,437
1886.
1887.
492
—
—
we
20,265
5,803
14,590
6,219
1883.
2 227
294
26,432
14,545
3,243
11,155
3,270
195
1,409
18,099
8,385
1,013
1,609
10,744
3,162
1,310
14,969
8,310
1,438
15,927
9,884
1,694
16,407
13,235
1,583
3,354
680
6
682
1,114
1,076
1,836
1,582
35,437
42,581
53,080
42,624
64,348
100,956
54,344
75,849
57,725
97,656
2,021
1,207
1,930
Tot this week
39,164
BlnceBept. 1.
39,104
328
157
849
Galveston Includes ludianola; Charleston includes Port Royal, *o.;
Wilmington Includes Moreh'd City, Ac; West Point Includes City Point, Ae.
The exports for the week ending this evening reach a total
of 21,565 bales, of which 14,848 were to Great Britain, 4,503
to France and 3,214 to the rest of the Continent.
Below are
the exports for the week, and since September 1, 1888.
UPLANDS.
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary
Low Middling
Sat. inon.
"(lb.
trorr
I'rom Sept.
Sept. 7,
Exported to—
—
1.
Continent.
•
Tbtai.
Qalveston
4.005
0,822
2.817
4,005
0.823
MobUe
10"l»
We
Good MIddUng
Strict Good Middling.
UtddllngFalr
Fair
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary
Low Middling
Strict Low Middling
Middling
Good Middling
Strict Good Middling
I
8
7'%
7l»i«
Sis
83»
8»rr
97l8
98,8
94
9l«,g 9li,g' 9lJrg 9?
100,8 103,8 103,8 lOlg
8%
9"i8
103,8
lOl^ts
STAENED.
Sat.
I
ip lb.
8\
LowMlddDng
io''i« 10=2
lOOs '10«b
10% ^2I>«
10»i.
111,8 1016,8 1016,8 lOTg
IIB 16 113,6 113,,
1111
llli,8ll»,8 11»1, ii»«
123,8 123,, ,i2ie
im
nion Toea IVed' Tk. VrU
1
U
Sljg
7'8
8>8
96,8
JS*,'«
I
111*18
12»18
9ii,e
10>«
713,8,
84
71I,8l
7n,g
7^
8B1,
838
8>B
9S,8
96,8
9H
lOie 1IO14 llOhs
I
S'lB
IOI4
I
MARKET AND SALES,
The total sales and future deliveries each day during the
week are indicated in the following statement. For the convenience of the reader we also add a column which shows at
glance how the market closed on same days.
SPOT MX&KXT
OtXMED.
*a^
port.
I
OF SPOT AND
Sp
Tran-\
Oon-
$ump
ui't'n
gil_
Total.
Sales.
6,746
48,100
DeU9'
eritg.
•
..
Norfolk
Went Point,*o
Boston
Baltimore
nion Taes IVed Tb. Frt.
Sat.
8I4
1>
Fair
....
New York
lov
11»,8 \in\l 117 S IISIB
123,8 Il2i;g Il2i ;a la
I
V
MlddUngFalr
Good Ordinary
Strict Good Ordinary
8>4
9»1«
9»,,
9iS,e 9»1« 9»18
103,8 101,8 101,8 10
107,
105"18 lOB 18 IOI4
10»8 ;10>a
lOli
lOTia
10i5i«,10i3,g;ioi3,,
113,8 111,8 111,8 11
1
12''l8
GULF.
Barannab
WUmlnRton
c
ll»is
117.g
lll5,8
Florida
Charleston
'
838
107, g
Low tUddUng
Middling
Taes IVed Tb. Prt.
'8
7%
7%
1888. to Stpt. 7 1888
Exported to—
Great
Great
Conti- Total
BriVn. France nent. Wetk. Britain. France
S817
8>e
858
9»,6
lOiia
Middling
Week Ending
—
—
6,585
1884.
1885.
19,905
13,867
24
147
Export*
700
The speculation in cotton for future delivery at this market
has been quite active for the week under review, and there
has been a considerable advance in values. The recent heavy
rains at the South were reported to have done considerable
damage to the crops; receipts at the porta and at the principal interior towns continued on a scale much below that
became actof last year, and the Liverpool market
and buoyant, all uniting to give much confiive
dence to operators for the rise. The early months got
a Bharp set-back on Wednesday morning, and after that the
winter months were the favorites with the bull party. There
does not appear to have been much "sbott interest," but a
small failure on this account oocurre 1 on We Inesday. Tc-day,
in the face of strong accounts from Liverpool, the expectation
of better weather reports caused some selling to realize, under
which there was an irregular decline, followed by a rather
feeble recovery on the small interior movement. Cotton on
the spot declined 3-16c, on Siturday, J^r. on Tuesday and i.^c.
on Wednesday this, however, was merely a reduction from the
abnormal figures resulting from the August comer. The
export movement has continued active, but the stock at this
market continues largely in excesj of last year. There is,
however, very little at other points. Yesterday there was a
lar^e business for hom^ consumption. To-day there was a
further decline of l-16c., middling uplands closing at 10 7-16c
The total sales for forward deUvery for the week are 505,100
For immediate delivery the total sales foot up this week
bales.
9,111 bales, including 6,287 for export, 2,824 for consumption,
in transit. Of the above
for speculation and
bales
were to arrive. The following are the official quotations for
each day of the past week Sept, 1 to Sept. 7.
Strict
10,924
2,573
1,495
17,736
4.200
l.Ohl
1,014
800
12,538
2,112
2,159
10,986
;
2,491
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Receipt* at —
1,631
None.
200
—
. .
Totals tbls
220
None.
Other poru
Wa«li'gt«n, &o
leaving
Bloek7
Total.
025
Galveston
Norfolk
50
vH$e,
Nona.
None.
None.
None.
None.
6,050
None.
Savannah
2,573
1,485
Ooatt-
472
Total.
807
126
60
Other
ForHgn
None.
None.
None.
None.
None.
Mobile
Oharleatou
10,924
490
274
France.
308
None.
None.
None.
2.050
Nouo.
12.500
New Orleans
2,032
Brunsw'k.dco.
Charleston
Port Royal,,ke
Boston
Baltimore
Ortat
Britain.
FH.
Cnorlda
Snvannah
AT-
New York
Indiivnoln.Ao
New Orleans...
Mobile
Wed.
Tuet.
2,704
289
Bat ..Quiet
Mon
1
10,674
498
2,184
SO
1.357
13.358
1,881
10.674
496
2.184
30
1,887
13,366
1,387
....
3>
3,^
dec.
6,287
459
.HoU day.
.1
M dee...
TuM.iQulet
'31
Wed
3> !«
.
I
Unlet
389
147
dec...
Xbon'Staady
FrI...
Steady
610
389 126,800
147 120,500
1,219 117.700
610 92,000
2,824
»,111 505,100i
1,219
-a 1,8
dec.
Pliltadelp'a'Ac
Total
Tot«ll887..
14,848
4.503
2,214
le.ioi
lOO
_yM
21,6«S
18,015
14,648
4.603
2,214
21,586
21.328
100
1,464
22,850
Totri.l
6,28';
Til* dally dellveriea given alxtve are aotoally
irevloaa to that on whlon they are report*^.
..^
deUvered the day
THE CHRONICLR
290
The Sales and Prices of Futures are shown by the
ing comprehensive table
to
2?gi
%iit %tn %tii
i5i|
i2?|
2
wafts'
o * hr oooa>2.
S n « * S«»3
O O s a>ft(5» »f5»a »
00 ft (5
00-
t3
o o
.
OP
•
s
gE.as
pi
so
Btook at Liverpool
Stock at London
EB
CD
&r2
t»,0
M
<0
Ken
(t
D
poor
CCCO
du<
9.=":
I
I
toteo»
to®
5
CJffl
g
I
si^:
1
<l-'l0.j
o
5
tan
tO!0
tote
CiCi
awl
toco
cDtroso
Si^:
00
C (i
o CD
coco
I*---
I
400
1,300
144,000
4,000
42,000
9,000
9,000
rota] Continental stocks
193.200
312,500
241,500
287,800
Total European stocks....
India cotton afloat for Euroiie.
Vmor. eott'n afloat for Eur'pe.
BKypt,Brazil.&c.,alltforE'r'pe
Stock in United States ports..
Stock in U. S. Interior towns..
Dnited States exports to-day.
524,200
30,000
30,000
13,000
134,748
13,581
2,670
837,500
100,000
5n,000
22,000
129,049
69?,500
114,000
30,000
4,000
lS9,0o9
2fi,254
3.',315
3,964
2,428
865,800
62,000
17,000
1,000
152,166
17.007
2,133
I
<C«DOO
cnoa
Liverpool stock
Oontlnental stocks
J
ffite
c-.Om^
»
dci
ei»:
tt«>§CD
CO
%
«HO d
0>cji0ui
~aco
-a
o<
d<£
tccoOco
Bw:
coco
coob
or CO
I
-j-jO^
>
741,308
146,000
15,000
07,200
lO.OOO
13,000
2-0,000
38,000
172,500
100,000
22,000
163,000
25,000
178,000
21,000
110,800
52,000
1,000
321,200
496,999
582,500
594,267
!>7,500
114,000
4,000
365,800
741,308
40:j,500
671,-02
o»
laf^:
H.-ao
coccoeo
cocoOjc
C-) JO_ ceo
m'
J>
oto
ceo
2
"
tOlf-
»to:
tocooco
obobOoo
tt
H
5
9
OD
00
<
E
I
«.'=;
I
57,„d.
10»80.
5'-,,d.
57,Bd.
lOligO.
914c.
week have been
is set
out in detail in the following
IB
T ^' O » 5s »
^ 5. S^ 5' ^
gn
c a ^ -T' CS*
2 S.O
rB 5 S
p a s
;" o
;
;
Cfc
.-T
o
g
^
^
0) -i i^<*1
Sal-
s
tc
—
rt.
1
MM^lM
M|oM M Mto
COOO CCCoO
OOCCO
-8 COcO
6i
6 mmO-: ccood
oo
(J _Oi __
oocn
OO 3> MM
99
MO <*
I
atem
s
MM O
QD
b,
SiSied.
lOTj^o.
into Contiaental ports this
(londing period of 1887
CO
tcccoco
cctoOob
818,199 1,176,767 1,075.302 1,107,106
compared with 1885.
AT THE Interior Towns the movement—that is the receipts
for the week, and since Sept. 1, the shipments for the week,
and the stocks to-night, and the same items for the corres-
tcto
(r-j
'^
to
i»-
HW
CO
» CO
CO*. 10-"
CtO
671,f03
The abjvH figures indicate a decrease in the cotton in sight
to-night of 358,568 bales as compared with the same date of
1887, a decrease of 257,103 bales as compared with the corresponding date of 18S6 and a decrease of 288,907 balej aa
s.":
tccooto
tOCOoCO
coco
H~ H
O cccco cccco
2,428
594,267
10,000 bales.
c;i
to to
I
to
cto
ceo
Cii.,
|^~ The imports
a
cccoSco
3,964
496,999
io
Total visible supply
Price Mid. Upl., Liverpool
Price Mid. Uol., New York
2
«»:
cng
fco
toco
ojobOx
c-o
Total East India,
Total American
tOt3
s-to-
ci-^Oco
5
26,2.54
2,670
iU
dosCd
-i-jo«i
'£-CD
tcco
coob
13,5--1
269.000
144,000
30,000
18H.059
37,3(5
376,000
177,000
17,000
152,166
17,007
2,133
I
afloat for Europe
•"Jgypt. Brazil, Ac, afloat
cocdS®
CCCCo®
tctc
to
coa>
:
coob
<
tOO;;,i
COCCqCO
QoobOob
—
237,000
140,000
58,000
129,019
CD to
I
cooco
£»^CC
(tc.
170,000
86,000
30,000
184,718
I
"•:
cecooco
ODO'to*^
o
s
eotoSco
-J -I -
OSW
IP*
coco
I
I
O JO
CIO
~)0
5
^
9
-JCJi
Total American
Bast Indian, Brazil,
Liverpool stock
London stock
Ian ti'iontal stocks
C/TOc^
05C;'
S.-J:
to'
CCCDqCO
--i
^CO
CJ"
MO w
toco
2
<i(s
I
C-CJi
bales
Baited States stock
United States interiorstocks..
DnltedStatesexportsto-day..
e\oi:
to too'?
CO
300
700
ArM> lean—
aoi;
I
578,000
3,300
33,800
41,000
300
ie®§!0
so;
457,000
3,300
3f,400
20,000
Total visible supply
818,199 1,176,767 1,075,302 1,107,106
Of the above, the totals of Ajnerioan and other description s are as folio wa
2
9m:
525,000
4.800
62,500
26,000
1,500
107,000
6,000
43,000
15,000
12,000
H
ccco
I
331,000
3,400
27,800
6,000
200
American afloat for Europe...
-JO
19?:
1885
554,000
24,000
1,000
179,000
2,000
"26,000
5,000
6,000
'Ci
CO >
2i,000
91,000
3,000
45,000
6,000
10,000
10
0-'<I
43'2,o6o
Total Great Britain stock.
Stock at Hamburg....
Stock at Bremen
Stock at Amsterdam
?tock at Hotter Jam
Stock 8t Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
a
toccoo
CR *.']
oa
5
c;
I
•
ee®
so:
oxoeo
CIO
2
1887
487,000
38,000
rs,~
oo
a.
CO
-id
o2
life
MOJO*
w
3^1
'^
5
«
1886
316.000
15,000
bales
cOf)
&-K
99
<
-I
CI to
1888
00 ft a>
-
Vol, XLVII.
and consequently all the European figures are brought dowa
Thursday evening. But to make the totals the complete
figures for to-night (S°pt. 7), we add the item of exports from
the United States, including in it the exports of Friday only.
follow-
:
OB
I
fc
^
hi-Om MMCCM
:
I
ofe
S.to
a »:
MMCM
OCOO COOO COOO
l^l^O^ CmOq
ODtO
if>-
I
ai^
to
99
MO
?
I
-.9
i
^9
<
oo
CO
•»
g.
-J
CO to
•SCO
I
9
"
M
lOM
'
if-os
»^:
Sl"§ ?9§9 9|go
WM M »• CO
«:
I
;
^
IS
I
1
S:
I
I
»ver«ge for each month for the week
<
CoVlO
the abbreviation "Aver •• Tim
also given at bottom of table.
Monday,
Tnesdav
^''*^^'''
Thursday 9-70o. Friday, 9-75o.
,
)f» •-"
QC
ft-S
3
*~*'^'.
*-(*-;
CO
t-t
w"
^"
tomoMa.
p-ito
CCIUIIOXCMQC
••' ^l""^l
M»I^Ci
v'Cootoccoo-^j.ccc-iox'atJp— CiiCD
Ktw;;iapaDXi^b3tf-03toi-»-Oj^ac-]-ic;'
p5
coj >f*o»*^o:i-oc:i-'
I
U
W
J.
"•«*>
:
Transferable Order»-Satnrday, 9650.:
j
;
The following exchanges have heen made during the weet
•08 pd. to cxch. 70(1 Dec. for Jan.
•01 pd. to c.xch. 51
Nov. for Dec
•01 pd. to cxfli. UOO Sept. for Oct.
OS pd. to exch. aoO Oct. for Jan.
tf^
.
s ^
^
.liCtoyrir
T.
5
I
9-65C.;
CO
DOJOSXCflj^fcO.
ma bo fouud under each day IoUowIbb
Wednesday,
M
»
c — w M to
incla<)ed In the above table, and shall contlnn*each
to Klre, Uie average price oJ futures each day for each niontl
n
9-750.;
00
<->
^0!_
HJrWehave
wee*
tQ^O^i^'
CO. <lXMi
2i
'
I
I
I
°l
2
CC
I
p
9|g9
M
M
_»
ISM
<
O^Cfl
If-
:5
I
lv^lti*V01^1
CO
,
?
<1
ccoo
cc°6
v^
'
I
rf^
K^r'C.;
§0
OMCSCOOt.
I
'
H-
I
'
M
010
coco^er-
9
:
««:
coccoeo
MM >
CO
5
MO ®
O0-4
«v'
r oi M M Mm^M
coco COoO oe'o oogo
°o
o botiOfi
MiC^M
^1
to
OS
to
l^O
coos
o
MM >
00 5
99
99 <
I
e
9
coco
Even 500
Oct. for Xov.
livcu 400 Nov. tor Oct.
pd. to exch. 1,000 Nov. for Oct
•08 pd. to exch. 1(>0 Mch. for Apr.
M
The ViaiBLB ScppLYOP Cotton to-night, as made up by cable
ndtelegraph, is as follows. The Continental stocks,
as well a»
nose for Great Britain and the afloat are this
week's retunu
Cil
J
a
X
w
•^
OD
t^
CO
01
M
^
W
10*^01
-4 O *• ^ -1 M
O
«J U CJ M
OS i-
tCQ0CCO'3SC0C;'MCJtt*tlCi|6-CC'QDib--lOiC
H M 10 CO OS
wo; W-J"M
QUO' ©vJCM
ii'^::?'"^kOlOtF^ui.
!(k
M
CO
<0
<o
ih-
t^j^wtOMc;!
to
tOCCW
O-
;
^
8h?
toto.-Mo:
•
iJ-JOiocoiewc^-accSo
Qoa;05MMfcOilOOSif-OSCOCCO
CC
OD
-4
Ul
w
ll-
(XCJiCO
M*
CntOOC;'M^'
ClOtJtOi-J-l.
i'-*'
ta
i
y
.^
^'
;
OSMM
m'
f'S.- ,CMoei(o<i, MMoJobcnaito
2?;S::3J;'^^'"'"'": o-.aMOc*^coxM
I
to
*
•The
tlmires for I»nlRTilIe tn both years aie "net."
tThis year's flgures estimated.
The aboTs totals show that the old interior stocks hav»
imreaied during the week 303 bales and are to-nignt li,773
_
Skptkmber
THE CHRONICLE.
8, leSS.l
bates Uaa than «t the same period last yciur. The recoipta at
the Banie towns have been 18,743 bales less than the ivinif
week la.st yi-iir, and since .Septeinbor 1 the receipts nt all the
towns are "ys, 500 bales hsH than for the same time in 18t7.
QOOTATIOKS FOB MlDDUNQ COTTON AT OTUER JIaRKKTS.—
Id the table below we f^iw the closinK quotations of middling
cotton at Southern and other principal cotton markets for eacE
day of the yaat week:
CUJBIKO QCOTATIONS FOB MIODLDIO COTTON
Wtek ending
Sept. 7.
Satur.
811
NewOrlcang.
958
...
CUarlrslon
098
9»8
.
Q<>8
Boston
lllsS'i
Ill's
10 >4
101^16
01*
lll!li
Augusta
Memphia
911,
BiUtiniore
...
Philadelphia
9-<a
«3b
938
105ja.Tg
1014
10^*13^%
10'4
Louis
908
11 '8
IOI4
105i
913
gag
9%
nil,
9U,«
1014
lOVi
9l»i«
9»8
9I9
9'8
i^H
9°fi'd)4i
9%
9!ll
10%»Tg
ini4
10»B
10 ?4
9<>«
K»8
9'v
0^
'8
il\
9''8
1018
10%
1..14
10>4
1018
IOI4
9'»
10i«
9%
lOH
913,8
»»8
9iu
10!<i
10
Cinolnnntl...
ItOUlsviUe ...
10
9 Hi
O'lB
9H
..
WIliuliiKton
938
Norfolk
Fri.
\
10
P'»l«
913,6
9»8
91a
9iaa.»,«
»<>8
e.ivaiinah
Thuri.
I
9 '8
Bia.e
P'»ia
911,8
Mobile
St.
Wednet.
Tiut.
JTon.
I
...
Galveston
ON—
9
IC*
—
RBCEIPT8 FROM THE PLANTATIONS.
The following table
Indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor
Southern consumptiou they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports
;
VTttk
IteceifU at the Porta.
1888.
ADg. 3
....
1888.
9.915' 48,719] 2;f,9e-| 20,385
84
••
81
Z4.».-4
42.581
19.440
18.517
39,3091 28,639
85 437 30.104
19.270
49.807
47.512
47,500
45.219
S!i),OIS]
lese.
from Ptant'nt
1887.
1888.
23.6vH5
1
22.98)
16,244
5,572
7,814
2!l,259
15 991
li,207
2),793'
15.155
21,937
4-.0I9
49.7571 81.754
—
Iiec*pti
1
7,270
9.610
••
.
I
8.S84
e.eeo
8,991
is.ist
.
1887.
I
1.4P9
10
17
7.
SVk at Interior Tounu.
1888.
1888.
7.fH
"
"
Sept.
1887.
17 828
1,906
5.219
8,168
15,308
19,540
B0.848
18,204
22.803
06,3118'
41.8j7
6,815
The above statement shows 1. That the total receipts from
the plantations since September 1, 1888, are 41,8il7 bales;
In 1887 were 111,880 bales in 1886 were 56,041 bales.
2.
That, although the receipts at the outports the past week
were 39,164 bales, the actual movement from plantations was
41,837 bales, the balance goioK to incresse the stocks at
the interior towns. Last year the receipts from the plantations
(or the same week were 98,398 bales and for 1886 they were
47,019 bales.
Weather Eepokts by Telegraph.— Reports to us by telegraph to- night indicate that over a portion of the Atlantic and
Eastern Gulf Slates there has been too much rain during the
week, and damage to cotton is complained of. In the Southweft the conditions have, however, bet n favorable, and the
outkok in Tex's is quite ealisfactory. Picking is making
good progress exctpt wheie interiuj.ted by rain.
Galve.ton, Texas. It has been showery on one day of the
Tne
w»ek, the raiii''all reuchiug two huudredtls of an inch.
theimoaiettr has averaged 79, ranging from 72 to 86. Rainfall during the month of Auguit fuurttea inches and tiftyeighl huijdredlh?.
We have had ore shower during the
J-ttitKitnt. 'Jexas.
week, the rainfall reaching four hundredths cf an inch. The
crop is good and picking is progressing well. Average thermometer 75, hightst 89, lowest 61. August rainfall four
inchts and twenty hundiedths,
JBuniA-cille, Texan.
The weather has been dry all the
•week. Nearly all eeciionsof the State have had good raios
but ours, and now it is too Ihte and we do not want a drop, as
Locjlly crops s'ill be
it wculd do more harm than gooi.
quite sbott. Picking is active. The thermometsr has averaged 70, tbe hiKhe:<t being 88 and the lowest 64. August rainfall Etvenly-four hundredths of an inch.
Dallas, /too*.— No rain has fallea all the week. The crop
The thermometer has averaged 74, rangis quite promising.
During thn month of August the raiufuil
ing Ircni 59 to £8.
reached nine inches and ninety-one hundrecths.
have had dry weather all the
Ban Aiitonio, Zfeiu*.
we*k. Picking is active. The recent lains have done so
much good that the piospect now is that West Texas will
make as much cotton as can posfcibly be picked. The thermometer has averaged 76, ranging from 62 to 90. During
AugUbt the raiijfall reached sevtn inches and eevtuty-seveu
hundredths.
Luting, Texas, There has been no rain duting the week.
The crop will be large. Good progress is being made with
picking. Average thermometer 78, highest 90 and lowest
61,
DuriDg the month of August the rainfall reached ten
inches and cwcnty-three hundredths.
;
—
—
—
—
—We
—
291
from 72 to 01, averaging 82. Au^jutt rainfallioat
seventy-nine hundred ha,
Belton, Texas. There have been light showers on three
days of tlm week, the rainfall reaching seven hundredth* of
an inch. The recent rsias have done great good and th« out*
look now ii that the cotton crop will be a larue onp. Average
thermometer 7S, hiKhest 89 and lowest 57.
Rainfall for
August three inches and seventeen hundredttui.
I
—
>
Weatherford, Texas.— The late rains have greatly Improved
the cop prosprct. The thermometer has averaged 72, tbe
highest being 89 aid the lowest 55, Daring the month of
AuxuBt the rainfall reached seven inched and sixty nine hundred ths.
NetD Orleans, Louisiana. It has rainei on five days of
the week, the rainfall reacij lag sixty hundredths of an inch.
Tbe thRriuomet< r has averaged 82.
Sh,J eveport, Louisiana.— J '3st week's rainfall was one inch
and ninoiy-eight huodredih*.
Average thermometer 74,
highest 87, lowest 09.
uolutnbtui, Mississippi.— Vfe have had rain on six days of
thewe-k, the rainfall reaching one inch and eighty-seven
hundredtls. There are comp'alnts that bolls are rotting and
open cotton sprouting. Average thermometer 7,', h'gbeat
Angus: rainfall four inches and forty-four
83, lowest 62.
buadiedtliF.
Leltind, Mississipvt.-'RvnfiiW for tbe week five hundredths of an inch. Tne thermome'er has averaged 75'7, the
highest b ing 86 and the lowrst 63. Riinfull during month
of August eighteen inchts
four hundredth-'.
Oreenville. Uissis^ippf. The weather has been cloudy the
psst week. Picking is progtessing slowly. The thermometer
has averaged 79, ranging from C6 to 86. Riinfa 1 during
August ten inches and thirty-nine hundredths.
—
ad
—
Clarksdale, Mississippi.— Run has fallen on ore day of
the week to the extent of two hundredths of an inch. The
weather has been suitable for c tton. Duiing the month of
AuKust Ihe rainfall reached nine inches and seventy-two
hundredths.
Vickshurg, Mississippi.— It has been showery on one day
of the week, the rainfall rca.:hine seventy-six hundredths of
an inch. Average thermometer 77, highest S7. lowest 66.
Little Rock, Arkansas.
Tbe past ueek h^s been pleasant,
with slight sbo ^ers on three days, the rainfall reaching fortytwo hundredths of an inch. The thermometer lias averaged
71, ranging .'rom 59 to 83.
Helena, Arkansas. Tel- gram not received.
Memphis, Tennessee. Ii has rained on three days of theweek, heavy in the immedia'e neighborhood, but here the
rainfall reached forty-four hundredths of an inch. The recent
heavy rains have delayed piiking ten days. The gathering of
the crop will be general about the ]5lh.
Caterpillars are reported, but no damage has been done.
Cotton is progressing
well.
Average thermometer 71, highest 83, lowest 61.
Rainfall during August ten inches acd forty-four hundredths, on
sixteen days, the heaviett August precipitaiion in eighteen
years. Average thermometer in Aunust77, highest 93, lo-west60.
Mobile, Alabama— Cccv) rrports are unf«voral'le. There
are comp'aint.-^ of serious dam.-ige by tco much rain, rot,
Picki g has been interrupted
sprouting, rust and worms,
by the rain, which fell heie on four days of the week, t j the
extent of one inch and tliTty nine hund-edths.
The thermometer has averaged 77, rangrg from 71 to 90,
During
August the rainfall reached fourteen inches and thirty-five
—
—
hundred
hs.
—
—We
have had rpin on four dajrs of
Nashville, Tennessee.
the week, the ratefall reaching ninety-six hundredths of an
inch. Thg thermometer has averaged 74, the highect being
84 acd the lowest 62.
Montgomery, Alabama.— \t has rained contii ually on five
days of the week, and prospects ate consequently unfavorable, as seme cotton has been ruined thereby, as well as by
worms and rust. The rainfall reiched three in'ibes and
twenty-nine hundredths. The thermometer has r^.nged from
69 to 88, averaging 75. August rainfall, six iLches acd fiftyone hundredths.
Belma, Alabama. We have had rain on five days of the
week, tbe rainfall retching three inches and twenty hundredths. Average thermometer 7-1, highest 80 and lowest 70.
Anburn, Alabama. Thtre is no material change in the
condition of crops.
The week's precipitation has been one
inch and eighty-seven hucdredths.
The thermometer has
averaged 82 '2, the highest being 84 and the lowest 69.
Madison, Florida, We have had rain on two days of the
week, the rainfall reaching two inches and tfenty hundredths. The thermometer has averaged 79, ranging from 60
—
—
—
to 93.
—
Columbus, Georgia. We hwe had rain on five d;iys of the
week, the rainfall r^'aching four inches and eleven hundredths.
Crops have been damaged and picking much delayed by the
Columbia, Texas. Dry all tr.e week, Caterpil:aT8 have constant rains. Average thermometer 7"*, highest 85 and lowdocehdrmin spots throu^^h lack of aibgent poisoning; but est 70. During th> month of Au,4Ust tnu raiulali r. ached
—
nevenheUss ihe dances are thai we will make as much coi; nine inches and si^ty-cbtee huudredttio.
ton as cau bfc xaiLerci. Ti^e thermumcter has aveiaged 72,
Savannah, Oeorgia.—Ra.in has fallen on six days of the
the highest being 69 aud ihe l«.weso 64. Duiing Angus', the week, to the extent of three inches and siveiity-three hunrainfa 1 nacued three inches and seventy-nine hundreJths.
dredths. The thermomeLei has aveiUoed 70, tbe highest being
Cuoro, Texai. Picking is uctive aud the cotton ir ^Sklen- 91 and the lowtbt 69.
did. Thi. thermo.i.tti.r h.sa avvrjged 81, ranging liom 7u to
Augusta, (feoryia. G. neral accounts from the crop are not
Rainlall duiiLg August ih. ej iu.hts and eixty-eight good. Too much raiu in so ue pi tuts b a pr duurd shedding
92.
hundredths.
New cotton is comin.; in sljwly. Rii has fallen on every
JBrennam, 2>ar as.— Caterpillars have unquestionably done day of the week, tbe rainfall reaching two inches and seveB
considerable damage in spots, but nevirtheless the crop will huodreditu. The theimomele." hiaare:aged 73, ranging from
be much in tsctes of last year's, The thermc meter has ranged 67 to t8.
—
—
'
THE CHRONICLE.
292
AUarUa, Georgia.—'Rain has fallen on each day of the week,
the rainfall reaching six inches and ninety-three hundredths.
The thermometer has ranged from 67 to 78, averaging 71-4.
GharUston, South Carolina.— It has rained on four days of
the week, the rainfall reaching one inch and forty-four hundredths. The thermometer has averaged 80, the highest bemg
.89 and the lowest 73,
,
JStateburg, South Carolina.— RBin has fallen on every day
been
has
precipitation
The
-of the week, and is still falling.
two inches and six hundredths. The thermometer has averaged 75-3, ranging from 67-4 to 87-5. August rainfall four
inches and twenty-two hundredths.
„
,
Columbia, South Carolina.— It has rained on five days of
of
hundredths
thirty-three
reaching
rainfall
the wetk, the
an inch. Continued raina are a serious drawback to both cotton and corn. The thermometer has ranged from 70 to 83,
avTBgiDg 75. August rainfall five inches and forty-nine hun-
1888.
o'clock Sept, 6, 1888,
and
low- water mark
low-"wat«r mark.
Inch.
5
Above
Above low-water mark.
Above low-water mark.
Above low- water mark
Mcmplils
ITaabviUe
Bhrareport
'VtokabuTg
18
13
10
23
2
8
5
7
1
3
6
1
—
Shipments thU week.
BHfn.
nent.
2,000
4,od6
3,000
3,000
188(
1886
Shipments Since Jan.
Qreat
Total. Britain
2,000
4,000
3,000
3,000
211,000
361,000
315,000
218,000
Shipments for
Receipts.
1.
This
Week.
Total.
Shipments since January
24,000
99,000
60,000
125,000
84,000
224,000
1,000
4,000
22,000
36,000
7,000
4,000
29,000
40,000
1887
1,000
4,000
1888
1887
Total
1.
Continent.
Total.
3,000
5,000
i',606
3,000
6,000
47,000
56,000
26,000
28,000
73,000
84,000
4,000
9,000
i',oo6
4,000
10,000
93,000
191,000
93,000
157,000
186.000
343,000
aU-
1888
1887
The above
totals for the
week
week show that the movement from
bales less than the sam"
Bombay is 6,000
the ports other than
For the whole of India, therefore, the total
shipments since January 1, 1888, and for the corresponding
periods of the two previous years, are as follows :
BXPOBTS TO ECBOFB FBOM Ail. INMA.
last year.
1888.
Shipments
to ail Europe
Itom
—
This
week.
Bombay
AllotUer ports.
Total
1887.
ThU
Sinee
Jan. 1.
week.
816,000
186,000
6,000 1,002,000
2,000
4,000
1886.
ThU
Sinee
Jan. 1.
Since
week.
Jan.
4,000 1,022,000
10,000 318,000
3,000
13,000
972,000
191,000
14,000 1,370,000
16.000 1,163,000
1.
Alexandria Receipts and Shipments.—Through arrangements 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 follow
ing are the receipts and shipments for the past week and
for
the corresponding week of the previous two years
Alexandria, Egypt,
Sept. 5.
1887-88.
Beoelpta (cantars')—
Tbis week....
Since Sept. 1
1885-86.
5,000
5,000
Since
week. S^t.
Snorts
1886-87.
7;oo6
IhU
1.
ThU
week.
1
Since
'^Sept.
1.
2,000
2.000
This
week.
Sinee
Sept.1.
(bales)—
1,000
1,000
1,000
1,000
To Continent
Total Europe
d.
8.
d.
w
d.
7^4
714
7I4
7^4
d.
d.
8.
OotCn
Mid.
Uplds
d.
d.
8
8
®6 10
a)7i5,e
®716,6
8
®6
Ivli^xe
71336
7is®6 9
513
513
713316
5''ie
®7lB]e
512
514
®6 10
10
9
Cotton Crop Circular.— As the first day of September this
year fell on a Saturday, it will not be possible for us to
iasue our annual Cotton
pect, however, to
have
it
the 11th of September.
tities,
Crop Review
week.
this
We
ex-
ready in circular form on Tuesday,
Parties desiring the circular in quan-
with their business card printed thereon, should send
in their orders as
soon as possible, to ensure early delivery,
—
have been complaints of a lack of water in several localities.
The appearance of worms is noted almo.st everywhere, but happily the
Intense heat, especially during the ttrst half of the month, destroyed
them In great numbers, and then- ravages have been almost insignificant compared with what they were last year. It seems, however, that
in the district of Nekla some harm has been done.
OAaWfii'i— The crop is in good condition, and flowering is well advanced. Bolls are beginning to appear. As regards water, the situation
Since July 15th or 20th the demand
Is almost the same as in B6h6ra
for water has been very gi'eat, giving rise to some complaints of a lack
of it. Worms reappeared iu July, but the heat has Been extremely
destructive to them, and they are disappearing, having done scarcely
any damage.
Dakuhliih—lu Dakahliiih, also, the temperature has been favorable to
the development of the cotton plants. Cotton sown early and at the
while that late sown is also Ijeginning to
said that in this proNince, as everywhere else, the
crop has recovered from the retardation previously reported. This it
owes to the heat of June and July. Water is generally surtloient, or
almost so. Worms have l)een less numerous than iu B^hera and CharThe heat destroyed them, and in consequence the crop did not
kifeh.
proper time
flower,
and
is in full flower,
it
may
l>e
suffer.
Madras1888
1.
Qreat
Britain.
Total.
Caleatta1888
1887
AUotbers—
Since
Jan.
3,000 1,2R4,000
5,000 1,452,000
4.000 1,388,000
2,000 986,000
605,000 810,000
661,000 1,022,000
657,000 972,000
463,000 681,000
the teeek.
Continent.
Qreat
Britain.
Continent.
d.
8.
Auk. 3 7»8 'BSH 5 7 ®7
5»,e
' 10 708 -aiSH 5 7 ®7
5il,„
" 17 7»8 ®8>4 5 6is®6 11
" 24,7»8 ®8% 5 6i2®6 11
5«i«
" 3117% a'838 5 8 ®7 0i« 5ii,a
Sept. 7V% ®838 5 8 ®7 Ola 5l8ie
8>4 lis.
Shirtings.
of this there
1
1
India Cotton Movement from all Posts. The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Sept. 6.
BOHBAT BECEIPT8 AND SniPMENTS FOB FOCTB TBABS.
Tear Great Conti-
Shirtings.
2
6
Inch.
Feet.
3
Mid. 32» Cop.
TwUt.
Uplds
7
Sept. 8, 1887.
Feet.
.... .Above
d.
d.
1887.
Oott'n
lbs.
EO'XPTlAN Cotton.
We have received from our correspondent at Alexandria Report No. 31 of the Produce Association of that city, giving a resume of replies received from
its correspondents in July.
We give a translation below:
B6Mra—The: high temperature in B6h6ra during July has been very
favorable to the development of the cotton plant, and flowering has
everywhere commencerl. Water was generally sutftcient until the 10th
or loth of the month, when the great evaporation occasioned by the
heat, and the more frequent wnterlngs made necessary by the planting
of corn, created new and pressing deiuand.^ for irrigation. As a result
Sept. 5, '88. Sept. 8, '87.
ZTfiW OrleODB. . .
BH
32* Cop.
TwUt.
dredths.
Wilson, North Carolina.—It has rained on six days of the
week, the rainfall reaching four inches and eeventy-two
Average thermometer 77, highest 88 and
hundredths.
lowest 70.
The following statement we have also received by telegraph,
•howing the height of the rivers at the points named at 3
[Vol, XLVll.
i",oo6
i",oo6
1,000
1,000
GaKou6ie/i.— In GalioubiSh the cotton plants present a very line appearance, and are covered with flowers and bolls. The water supply is
snfflcieut.
The heat destroyed the worms almost as soon as they appeared, and no damage was done by tliem.
6arbieh.—Jn GarbiSh the cotton plants have fared well during July
and are everywhere in flower. Bolls are beginning to appear. Water
has been siUHcient, or almost so, though the district of Ziftsh and some
other localities complain rather seriously of a lack of it. Worms have
occasioned alniosi no damage, the same cause having destroyed them
here as in the other provinces.
Menouiieh.—Vfe. receive from Menoufl6h very good reports concerning
the condition of the cotton crop. Flowering is pretty well advanced.
The water supply is sufficient iu some places, but In others it is more
or less short, ^'ery little attention is paid to worms, as they tend to
disappear without harmine the plants.
Fayoum.—Jn Fayoum the growth of the cotton plants Is very well advanced, and It is expected that the flrst picking will soon commence. In
many places water has been sutHolent, in others hardly so.
Upper £,7.v))(.— Advices from Upper Egypt are good. Cotton is in full
flower, and the bolls are commencing to open. Although water has been
generally sutlicient, here as elsewhere a larger supply would have been
desirable. Upper Egypt as weU as Fayoum has remained entirely un-
harmed by worms.
,
Manchesteb Maekbt.— Out report received by cable to-ni«ht
from Manchester states that the market continues firm
for both
yarns and sheetings. We give the prices for to-day
and leave those for previous weeks of this and lastbelow
vear
«~<' joar
lor comparison
„
m
:
.
This statement shows that the receipts for the week
ending
were 3,000 cantars and the shipments to all
Euroiw
Sept. 5
,
Oeneral Obtervatirmf.—lhe: cotton plants, thanks to the happy influence of the h'^ at of the last two months, have developed vigorously, and
have recovered what they lost at ttrst. Flowering is everywhere
progress, though naturally more or less advanced according to the
latitude. In the Southern provinces bolls are beginning to show themselves, and even to ripen. The hot weather moreover desh'oyed, or
considerably diminished, the worms as they appeared, and it is to the
heat that the crop is indebted for it^ almost entue Immunity up to the
present time from injury by insects. We hope this wiil contiuue during
the months to come.
In these respects the advices are perfectly satisfactory. The same is
not the cas^e with the reports concerning the Nile, which is rising so
slowly as to give rise to some apprehensions. Thanks to the many eftbrts
of the Minister of Public Wurks and to a well-managed system or periodical UTigatlon, the crop has teen able to pass the critical season of low
water without sutt'ering from drought. In fact It is only since the 10th
or 15th of July, that is to say since the time when the Nile generally
commences to rise, that complaints have been made of a lack of water.
So far, the river's rise has been Insigniflcant, and conseiiuently the very
large amount of water required at tills season to provide for the
Irrigation of corn, of late much extended, has not been met by an
Increase of the river's supply; and it is feared that this unfortunate
state of things may last during a good part of August, and that the
cotton plants may to a certain extent be affected by it. However,
under these circumstances we cannot but express our congratulations to
the Minister of Public Works on the successful irrigation during the
time of low water, aod our thanks for the care which he took to offiset so
far as possible the effects of an insutHoieut rise.
On July 19 we published the ofl3cial flgures showing the number of
feddans sown this year with cotton. Since then the Government has
informed us that these flgures, in consequence of an error, had to be
altered. We print them again below with the changes made, and for
oomparlsou wo add the flgures for the previous year
Lower Egypt.
Upper Egypt.
Feddanf.Feadans.
Provinces.
.
,
1887.
105,405
131,042
.... 153,912
Galloubi6h.... 37,013
263,564
Garbi6h
MenouUih .. .. 106,401
B6h6ra
Charkl^h
Dakahliih
1888.
1888.
134,604
152,725 Benl-Souef
173,352 Giuz^h
45,388 Miiii6h
310,248 Asslout
105,251 Guerg6h
.
Esna
797,337
921,668
Kena....
.
.
.
10,586
1,713
1,800
144
320
1
623
4
115
68,189
99,682
..
.....
70,960
18,738
1,767
6,422
1,053
Seftxmbeb
THE CHRONICLE.
I6ii8,\
8,
RBCiU-lTUbATION.
1887.
teddans. 707,337
Lower Egypt
Upper Kgypt
Total
Xuoreaso In 1888
1888.
68,189
021,508
00,682
865,926
1,0'21,'J.'>0
l.').'i,724
would express onr very hearty thanks to the noromment of liiH
Hlgbnoas tor Its kludiicsH In hl'UiUiii; us these olHc^ial data, and (or the
oare and Inoreaslug oxaotutw.s with wbi<'l> it i>orrornis ibis Important
We
Itatlatical aorvloe.
will not close tbU ritumi without referring to the locusts. As wo
aid .Vpril JO, Ihoy itppenrod In the province of CharkUh, and we were
hopliit; tliHt, tliiinkt4 to the measures taken by the Clovernnient, they
We
would iKMle.stioyed without haviugdauiuKedtho crop. This, iuilceil, has
although the ta«k was ninih moredlllleult thiin was
The
293
particulars of these shipments, arranged in otir naual
form, are as follows
Liverpool. Bavre.
New York..
498
10,674
125
2,913
N. Orleans.
Boston
Ant- Bartt-
Bremen,
Tarmouth.
vterp. tana. Genoa,
200
S24
364 1,096
>••• ••••
••
100
Total.
13,386
12v
8,013
1,285
1,285
I'hirdclph'a
200
408
Total .... 14,907
364
62-1
100 17,779
1,096
Cotton freights the past week have been as follows
I>eoii .tci'ompliaUiil,
In tho name of coiumcrun as well as of agrloulturo we
express our deep sense of gratitude to Uie clovurnmont of his Highuees, for the care and energy which It has displayed.
AiJJXANDRIA, July 31, 1888.
Domestic ElxpoKxa of Cotton Manufactches.— Through
the courtesy of Mr. W. F. Switzler, Chief of the Bureau of
StatUticd, we have received this week a statement showing the
exports of domestio cotton manufactures for July, and
for the seven months since January 1, 18S8, with like figures
for the corresponding periods of the previous year, and give
them below
Do
—
—
Oroat Dritain and Ireland
yards
Other countries in Earope....
British North America
8SS.T3B
1S8.IS8
87,219
806,185
«21,418
513,338
100,665
8,003,668
4,317,188
1,388.422
641,919
8,098,497
8,843,778
1,814,888
949,876
8,914,088
Uondaraa
Westlndies
710,008
8,475,395
7.898.154
4,133.538
ArKcntl ne Hepubiio
lSe,47S
555,856
Sa4,»44
1.645,491
1,313,858
686.631
1,119,95;
1,337,618
442.774
462,910
8.347.351
5,858,400
4.469.466
2,154,604
10,071.579
25,907,979
3,403,740
4,385,383
8,449.931
16.637.388
49,847.586
381.371
280,965
110,542
3,801,794
48.390
198.706
6,301,847
3.647,041
4,322,909
5,002,298
2,138,208
2,120,459
Mexico
Central American States and
British
651,31)9
Braiii
sail
Do
United StHtes of Colombia...
Other countries la S. America
China
Other countries in Asia and
Ooeanica
,.
Africa
Other coontries......
Total y&rds of above..
18.487.814
».057.ai
Total values of above.
Value per yard
Value* of other Manufacture*
of
'''
'
Cotton exported
toe:
$5t)a,'.f4U
11,162,782
»-0705
t'062g
t
Great Bntalu and Ireland.
Germany
France
Other countries in Europe
British North America
Mexico
Central Amcricaa States 3t British
Honduras
84,208,956 113.679,646
t5,7sl,890l 17,331,939
$•0687
582
507
7i;t
38.89R
9,608
1,5,680
4.553
8,407
7,18S
7, "78
United States of Colombia
Other countries in So. America
Asia and Oceanica
Africa
Other countries
Total value of other manafaty
tures of
Aggregate value of all cotton K00d.s
$-0645
t
38,341
3,181
285.066
10,250
6.339
21,718
236,022
92,125
212,972
17,008
650
8.295
312,975
76,982
19.424
46.954
73,205
35,894
109,376
1,033,175
8,365.114
2fl,46S
3.959
4,451
9.836
6,104
13,988
786
502
8,327
3,632
22.463
52,753
61.223
51,250
164,049
8.106
39,482
168,456
734.705
129,719
1,040,836
1.292.441
6,822.728
1,535
67,929
Thb Exports of Cotton from New York this week show
an increase compared with last week, the total reaching
18,-356 Dales, against 13,622 bales last week.
Below we give
our usual tible, showing the exports of cotton from New
York, and the direction, for each of the last four weeks; also
the total exports and direction since Sept, 1, 1888, and in the
last
column
the total for the
same period
H
>i
e.
Hamburg, steam
>8
c.
B
85*
"h
• •••
'4
"»»
H
50*
90*
80*
a
o
sall...e,
Amst'd'm, steam. e.
5o"
• *•
vlaLeith.ct.
Reval, steam
d.
f
'-'la
•«4
Do
saU
d.
BaroeIona,steam d.
Qenoa, steam., .d.
Per 100
"%
'
»8
«32
Trieste, steam... d.
•
\
»3S
732® >4
d.
H
-4
H
"ai
»S2
•as
H
•4
»32®'l6 »32®'ia »32®'l6 B3a»3l«
^.32
lbs.
—
By cable from Liverpool we have the foUowstatement of the week's sales, stocks, Sk. at that port.
add previous weeks for comparison.
Liverpool.
^
We
A»»ff.
17.
Aug. 24.
Aug. 31.
Sept. 7.
!
$
62,595
2,012
29,659
West Indies
e.
sail
Do
•••
"h
c.
Bremen, steam
10,838.ft63
'4
H
e.
Antwerp, steam
1.62(1.356
4
BaU...cf.
Havre, steam
Do
JH.
Wednti. TImr*.
Tut$.
Liverpool, steam d.
Do
Quantitifsfif Manufacturta of Cot- ATonth ending July 31. 7 mot. truUno July 31.
ion (colored ana uncolorad)
vxporteii tii
1888.
1887
1887-8.
1886-7.
Mon.
Satur.
expecteil.
of the previous
year.
KXFOBTSOF COTTON (BALES) FROM NEW TOBK SINCE SEPT. 1,1888.
Week ending —
Sam*
week
Sales of the
bales
Of which exporters took
Of which speculators took.
Bales American
Actual export
Forwarded
Total stock—Estimated
Of which American Estdm'd
Total Import of the week
Of which American
.
—
Amount
afloat
Of which American
50,000
3,000
1,000
38,000
4.000
9,000
465,000
306,000
32.000
13,000
50,000
10,000
49,000
6,000
1,000
38,000
5,000
5,000
425.000
273,000
12,000
8,OOo
35,000
10.000
55,000
3,000j
3,000
40,000
7,000
3,000
384,000
237,000
17,000
7,000
35,000
15,000
104.000
6,000
4.000
76,000
6,000
4,000
316,000
170.000
21,000
12,000
40,000
15,000
The tone of the Liverpool market for spots and futures each
day of the week ending Sept. 7 and the daily closing prices
of spot cotton, have been as follows
:
Saturday Monday. Tut*day.
Spot.
Market,
12:30 P.M.
{
Firm.
Active.
{
Mld.Upl'ds.
O'Ms
ttld. Orl'ns.
511,6
10,000
1,000
Bales
Bpeo.&exp.
Future*.
steady
Market.
12:30 P.M.
\
Market,
4 P. M.
\
5%
5%
5%
15,000
2,500
12,000
1,500
15,000
2.000
Steadj.
ateady.
Firm.
Qalet and
steady.
Steady
at
»«4adv.
Barely
steady.
6l»n
618,8
5l»li
15,000
2,000
steady.
5is,g
14,000
2,500
Strong
tan
Qnlet.
advance.
5
S
Fridat.
Fully
Fully
Good
malnt'ned Hsrden'g. demand. malnt'ned
5\
5\
at
partlallj
f-84 adv.
Wedne*. Thurid'y.
Firm.
Qolet.
I
Kxporltd to—
Liverpool...
Other British ports
Aug.
Aug.
17.
24.
I
Aug.
31.
•
I
Sept.
7.
Total
penod
iince \preri'u$
Sept. 1,
year,
5.211
6,977; 0,450 10,674
10,074
9,676
5,211
5,977
9,450 10,674
10,674
10,093
417
Total to Ot. Britain.
.
Havre
45
512.
498
498
lOO
45
512'
498
498
100
973
688
200
200
100
1,284
1,647
'524
'524
'7'o'2
Other French ports
prlee* are given in pence
f^ The and
6 01 mean* 6 l-64d.
63
598
250
......
Hamburg...,
Other ports.
325
2,513
3,361
2,267
<L
500:
2,660
724
724
802
364
304
1,096
1,090
200
452
Total Spain, Ac
500;
1,460
i,460
652
Gband Total
8,572
8,779 12,622 13,356
13,3561 11.647
d.
d.
September. 636 5 37
Oct.-Nov...
Nov.-Dec.
Dec.-lan
Jan.-Feb. ..
Feb. -March
Mar.-Aprll
.
Bp'n, Op'rto,Glbr'lt'r,<Sto.
All other
nion., Sept. 3.
Open Btth Low. OIU. Op«n B(0k L<W.
8ept.-0ct... 6 24
Total to No. Eubopb..
and 64M« thuii
5 63 meant
64(1.,
Sat., Sept. 1.
Total Fbbsch
Bremen
The opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
.
AprU-May.
517
616
614
614
536
636 584
6 10 917
517 5 16
816 6 14
516 6 14
517 616
«.
687
626
619
517
6 16
6 16
617
816 6 18 6 16 618
Sl» 619 6 19 510
6 15
638
8 39
6 28
627
631
618
517
617
618
619
688
520
617
617
617
6 18
619
5 31
CTos.
Tnea., Sept. 4.
0p«n High Low. OhM.
d.
4.
d.
688
626
620
517
817
839
627
8 40
9 20
6 21
518
617
6 17 617
618 618
619 619
820 630
619
818
618
819
688
d.
6 41
840
8 41
8 88
9 22
5 28
6 21
5S»
53t
530
513
d.
930 518
919 5 18
619 618
830 618
6 80 6 21 630
631 833 8 31
d.
5 10
880
8 31
683
—
SHiPPlJta News, The exports of cotton from the T7nUeo
States the past week, as per latest mail retuma, have reached
Wednca.. Sept. 3.
Tkan.,Sept.
tfvl„ Sept. 7.
8.
17,779 bales.
Sew York—To Uverpof>l, per
steamers Celtic, 2,061
Clicster, 1,821. ...City of Komo, 1,913. ...Euclid,
Nevada, 1,737. ...Tiie Queen, 1,185
rofat balet.
City of
10,674
To
To
To
To
To
Havre, per steamer l,a Bietagiic, 498
Bremen, per steamer I.aliu. 200
Anrwerp. per stearuera Do Ruyter, 300
Kbynland, 24.
Haroeloua, per steamer Hurgundia, 364
(Jenoa, per steamer Olympia, 1,0!>6
New Orlkans—To Liverpool, per steamer Actor, 125
Boston— To Liverpool, per steamers Bavarian, 417
Kansas,
977. ...Michigan, 702....Pavouia, 817
To Yarmouth, per steamer Yarmouth, 100
PHIL^VDELPUU- To Liverpool, iier steamer British King, 1 ,285
. .
Total
Open H««k Low.
1,657
....
498
200
524
364
1,090
125
2,913
100
1
,285
15,623
<i.
September. 6
41
Olos.
A.
d.
d.
6 48
6 41
6 42
6 SO
6 83
630
Not. -Dec... 633 638 6 31
Dec-Jan. .. 6 81 9 81 680
Jan.-Feb.
n?i 6 81 630
Feb.- March 5 21 6 28 681
M&r.-Apill. 6 83 688 638
April-May.. 6 84 634 6 23
631
580
620
8ept.-0ct .. 5 31
Oct.-Nov... 624
.
6 31
6 24
6 83
6 31
622
6 24
OpmHlfk Low.
OlM.
d.
d.
d.
d.
648 8 48 643 6 46
831 633 8 31 633
8 24 8 86 B84 836
883 638 633 688
6 31 633 8 31 833
621 683 8 31 633
681 633 8 31 6 St
883 834 883 834
834 885 6 2t 8 86
oven Ht«» Low. do*.
d.
d.
d.
8 48 648 6 47
836 636 6 34
6 87 6ir7 888
68H 83* 833
63S 8SS 631
633 683 831
538 8»« 63a
684 635 838
B8S 837 634
d.
8 48
638
636
633
631
6 81
633
6 38
618
THE fHRONlCLE.
294
BREADSTUFF S.
Export!
from—
[Vol. XLVII.
Wheat.
Corn.
Suth.
Btmh.
402,213
94,778
FBIDAT, P. M.. Sept. 7, 188P.
only moderately active. Offer-
Now York 357.285
The florr market hes been
Bostou. .23,934
grades
Portland.
shipping
of
lints
Good
ings were small all the wee*.
Montreal.
117.717
154.049
were notably scarce, and, in sympathy with the course of Philadel
Baltira'ie
553,921
prices.
•wh<at, holdeis -were strongly inclined to mark up
N. Orl'ns
185,319
But latterly the market relapsed into dulnes*. The export [f News
Rlclim'd
inquiry was net urgent, atd the export trade disposed to
Tot. w'k. 1,392,225
a^tait better assortments. To-day the market was dull.
8'me time
and
Tuesday
on
excited
greatly
was
market
1887. .. 2,256,410
wheat
The
Flour.
Oatt.
Rye.
Feat.
Bbls.
Biish.
Bu$K
Buth.
86.864
20,019
The speculation
made a sharp advance.
for the rise
was not only aided by much stronger foreign advices, but
accounts from the maturing crop of spring wheat in the
Northwest were not satisfactory. Some decline on Wednesday was due to relling to realize rather than any improvement in the position; and yesterday there was a fresh advance
on frost accounts from Manitoba. To-day the speculition
draggef"; the unfavorable crop accounts from the Northwest
•were discredited, but an early decline was partially recovered,
8n
4,814
September delivery
October delivery
Thurt.
IOOI4 l(0l8
01
101=8 101%
OS's 102% 1021^
IO214
1
Kovember delivery
December delivery
c 1 01
1 0333
1
c.l
1 04ie
Januarj' deUvery
o
1 03 ig
103
101
lOi^s
lOais
IO7I8
1
May,
'89 delivery
1
01%
OS's
Fri,
100
101
98%
99%
0.
0.
Wed.
Tues.
3fon.
1 03''8
03»8
1
104^
08^4
08=4
1
com met
with an active expert demand, and the
local trade was quite brisk, giving Testerday a stronger turn
to prices. Tie heavy rains in the Ohio Valley came too late
to seriously damase the maturing crop, although some damage was done. White corn continues scarce. To-day there
VI as a further advance, and a good export c emand for No. 2
mixed by canal at 55@55J^c.
DAILT CL08IK0 PRICES OF NO. 2 MIXED CORN.
Indian
8eptemt)er deUvery
UotoBcr delivery
November delivery
December delivery
o.
0.
o.
c.
January deUvery
c
Sat.
Mon.
Tue*.
SS'^a
H
53''8
54
54
53%
g.
p,
53^8
51=8
49»a
»
51%
Wed.
54
SB's
64
Thuri.
5412
5414
64^3
52=4
6014
61%
Fri.
5S%
55»4
55^4
53J4
51^8
7
Oats have varied but little, and as betweea new and old
crops prices still cover a wice range. To-g ay spots were un-
settled,
but futures dearer.
DAILT CLOBIKO PRICES OP NO. 2 MIXED OATS.
Sat.
Mon. Tues.
Wed. Thvrt.
September delivery
October delivery
....c.
c.
November delivery
December delivery
Rye
is
c.
SQis
H
^0-s
31
g.
30
30%
£
30^^
3113
<
c
30%
30%
31%
3038
30>4
30%
SO'^e
31
31 13
32
White
Com—West'n mixed.
West'nmlxedNo.2.
Steamer »o. 2
Western yeUow....
Bouthern wldte
o.
West.A State, ¥ba.
Oata— Mixed
White
No. 2 mixed
8(1
'311)4
90
52
55
al04
No. 2 wliite
a 56 Barley—
« 55^ CanadaNo. 1
a ....
Two-rowed State
® 58
Six-rowed State
a 65
56
00
Flow.
at—
Wheat.
Bbls-ivaibt BlM>l.tW Ibr
CbloaKO
MUwaakee...
Dalutb
Detroit
Cleveland...
gt. Louis
Fsorla
3 40
c.
Tot-wk.
'88.
Bwnewk.'ST.
Bwnenk.'SO
Btnct Sut.
1887 -fl
OaU:
Barley.
1,642,011
1,533,387
73.525
81,617i
4,480
80,000
88,5)0
\
Bye,
lb:
114.608
24,080
49.398
89.102
842,480
2,181
1,001.478
E68,59S
63,532
10,010
137,000
8.512
180,833
2,205
6.627
78.25S'
e.sso
47.6M
700
831
19.061
857.715
99,500
859.835
80,400
433.170
9,438
19,071
49S.0U0
6OO'
15,400
210.296
225.028
170,793
3,730.222
2,166,124
2.«27.t'51
145,026
2,613,855
2,429,153
8,363,466
2,181,283
583,061
183,185
65.911
2,319,506
725.624
73,028
1,'45,097
0.310,897
8,044,171
238,820
8.030.2^5
11,325,962
1,618,789
14.071,0fl<)
13,091.249
1.958,585
612,087
253,305
5i2,709
8,370,171
9,605
1.
MM-T*
l,177.fl«8
16,813.249
11.240,445
isas-e*
1I28.1B5
19.298,072
Inclade one week extra
The exports from the
ding S-pt
1,
1888, are
43,000
374.497
2,566,450
1,549
143.833
147,864
20,300
24.000
616.777
128,000
29,100
5,106
772,366
7,063
1,310
191,431
164,700
17.i'00
747,902
11,169
e-i.ooo
14.000
53,045
5,500
19.127
174.480
143,139
60,613
108,683
7,000
Buflaio
.S.42S,330
ChioaKO
3,610,329
543,620
999,175
2,048,812
1,053.400
78.000
3,405.213
20,000
40,000
103,820
73,922
319.719
536,5'8
69.853
Toledo
...
'Oswego
St.
Louis
Do
atloat
Clncinuatl
Boston
Toronto
Montreal
ITiiladelphia
Peoria
Indianapolis
Kansas City
Baltimore
Minneapolis
St.
Paul
On Mississippi
On Lakes
O J canal & river.
"
20-<,80O
89,408
56,731
55,321
48,613
12.773
58,728
73,801
355,324
159.279
1,131,468
3,547,264
39,000
1(5,000
1,694,927
2,224,000
t
5,426
'
27,161
9.22T
23,211
8.0
15,000
6,373
2,0(10
1,00»
323
.
1»
i,i2r
20,1
21,093
476
1,634
lo'obo
220,849
921,300
,=.2,900
Tot. Sept. 1, '88.29,2.9.673 8.496,447 3.572,972
8.121,917 2,347.570
T.)t. Aug. 25, "88. 27.170.952
Tut. S pt. .S. •87.30,6-7,129 6,83(5,830 4,734,083
Tot. Sept. 4, '86. 42,965,359 13.192,010 4.949,210
Tot. Sept. 5, '85t. 42.120,602 7,703,103 5.603,679
*
'
20.647
77,311
48,325
211,500
1,784,804
16,300
217.573
231.062
31. 9,665
5'i4.-tl7
456,772
81.450
137,195
291,942
807.943
142,101
Last week's stocks. This week's not received.
Minneapolis and at. Paul not incliuled.
According to Beerbohm's London cablegram, the amount of
wheat and corn on passage at the dates mentioned stool aa
Week ending
Sept. 4.
Week ending Aug. 28-
Grain on Passage.
Wheat.
Corn.
1,954.000
628,000]
303,000
44,000
2,582.000' 347.000
20,636,000 2.776.000
17.760,000 2,728,000
Exports of Wheat from India
Wheat.
Corn.
1.948,000
587,000
371,000
48,000
2,.53.'i.000
419,000
20,280.000 3.352.000
1 8, S^' 8.000 3.036,000
To United Kingdom
To Continent
Total
^^.t'^f^l ^aL'^^^"
several seaboard ports for the week
shown in the annexed statement:
and
Jan.
1 to
Sept. 1.
bush.
280.000
260,000
920,000
100,000
11.520,000
9,740,000
bush.l
540.000' 1,020.000
21.200,000
Inish.
THE DRY GOODS TRADE.
New
Bmh.iOlb Buah.S2lbt Buth.iH lis Bu. 86
007,05a'
2,530
759
The exports of wheat from India for the week, year
season are as below:
®
»
a
32,289
,
bush.
763.991
4 90
3 50
2 50
60 » 65
26 9 36
so 9 46
3312a 33
40 a 43
91,718
li)nne« polls.
Toledo
Com.
bush.
812.278
Albany
Milwaukee
Duluth
Barley,
bush .
Rye,
bush.
bush.
3,249,600
371,100
Equal In bushels
3atueweckin 1837. .bush.
The movement of breadstufla to market is indicated in the
Btitement lieiow, prepared by us from the figures of the New
York Produce Exchange, We first give the receipts at Westrn Ukeeandrivei ports, arranged so as to prdseat the comparative movement for tho week ending Sapt. 1, 1888 and
'
Bince August 1, for eacn of the last three years:
Sictiptt
27.75*
OaU,
Corn,
Wheat,
In store at—
Hew York
Do aUoat...
Total qimrters
Bye—
c.
&H «i oe
-9 94
tl2
99 «101
223.245I
3 85
ORAIN.
c.
feBprlDK.perbuali
N 2
BprinitNo.
Bed winter N0.2...
Bed winter
1,487'
2,47 1
supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
parts, and in transit by water, Sept. 1, 18S8 :
To United Kingdom. .qre,
To Continent
FLOUR
92 SO'ajS 15 Sonth'n com. extras.. f3 50»
liBOa 3 40 Soutbem bakers' und
Bojiernne
family bruuds
4 003
Bprlug wheat exti as. 3 25® 3(13
,
ailnn.clcaraiidstra't. 4 00® 5 25 Bye flour, supeillDe.. 3 309
-Fine
Wlnterahliiij'gcxtras. 8 40® 3 63
2 35*
WmterXXandXXX. 3 75© 5 00 Coru meal
4 85a 5 75
Western, Ac
Putente
3 20a
Brandywine
Boutberii supers...... 2 b5® 3 45
.„ 3 4o«
V bbl.
198,609
436.318
follows:
scarce and firm. Barley remains nominal.
are the closing quotations:
Wne»t—
501,333
Fri.
^ The following
Fine
1,733
visible
Detroit
DAILY CLOSINO PRICES OF NO. 2 RED WINTER WHEAT.
Sat.
The
X.iST
20,063
8.571
49,117
4,392
.
piices
1.244
24,0;i4
York, Friday
P, M., Sept. 7, 1888.
Although there were some disturbing influences in the drygoods trade the past week which checked operations to some
extent, the volume of business w.s fairly satisfactory under
the circumstances. Mouday (Labor Day) was obferved as a
holiday by most of the principal commission houses and
importers, but there was suoh a large force of retailers in the
market who were anxious to complete their purchases of fall
and winter goods that jobbers were compelled to keep their
stores open as ueual. Thursday was a strict Hebrew holiday,
as were the latter days of the week in a smaller degree,and there
was consequently a lessened demand by an influential class of
buyers in the latter part of the period under review, Aa a
whole, the jobbing trade was fairly active, however, and a
full average distribution of staple and department goods was
made by leading jjbbers. At first hands the demand by
buyers on the spot was light and irreguUr, but re-orders by
mail and wire reached a very fair amount, and there was a
steady movement in staple cotton and woolen goods, prints,
dress fabrics, wool hosiery, heavy underwear, &c., on account
of former transactions.
Domestic Cotton Goods. The exports of cotton goods
from this port for the week ending Sept. 4 were 2,615 packages, valued ut |163,110
These shipments include 913 to
China: 563 to South America; 383 to Aden; 183 to the West
ladies; 150 to British East Indies; 129 to Mexico; 117 to Central America; lOS to England; 61 to Africa, and 30 to all
other countries. Since the 1st of January the exports aggregate 103,629 packages, valued at $0,203,848. Of this total Ohina
hag had 37,855 packages, valued at $1,913,023, and 23,625
paokagf B, valued at Jl, 513, 194, have gone to South America,
For the same period of 1887 the exports to all ports were 137,-
—
Septhhber
THE CURONrOLF.
8, 18«8.]
peckagpn, vnlupd at 18,174,675. of which 71,884 paokuRos,
valued at *:t,;!!>0.;!,');i, wont to China, and 27,494 p.ckixei.
valued at |l,Uti7,;)I.S, to South America. To the corresponding
time in 18^6 tho total BhipruentH reached l.')J,!J31 packa^'^fl and
in 1835 wore 133,292 packages. There was a strictly moderate
demand for stitple cotton goodie by wholesale buyers, but a
very fair business in package and assorted lots was done by
jobbers. Values are somen hat unsettled on brown and colored cotlors, and in I uyers' favor, but bleached shirtings, wide
sheelinKei, cotton flannels, cornet jeans, silt-fins, flit'fold cambrics, <S:c., remain steady and unchanged.
Print cloths were
in modtrKte (demand and a trifle eatnier. 64 x 643 having declined to SJ^i^a 15 16 c. and 56 x 60s to 3 7-16 c, with trausactiers in "spots" and "near futures" at these Qgares. Stocks
last Saturday and for the three previous years were as foi'
lows
t)79
.
SlofJc
nf rrint Clolht—
Proviileiicc niiimiCrers.
Fall Klvpr iiiiuiufnpturcra....
Provlili'iii'o
sppculators
Outsldo Biieeulators
1888.
1897.
Sept.
Sei'l- 1.
Hold by
(est)
Total itook (pieces)
17,000
5.000
None.
None.
22,000
87,000
C2,O0O
85,000
3U3,000
ally steady in price, and it is not considered that ttockl tra
excessive, in view of the probable demand for consumption ia
sight.
Importations of Dry Good*.
The importations of dry goods at this port
for the we4>k
ending August 31, 1888, and since Jan. 1, and the sume facta for
the corresponding periods of last year are as followa
:
1^85.
1880.
X
ltil,0(O
J95
A'yj/. 4.
Sept. 5.
97,000
SS,000
88,000
25,000
SSI.OOO
223.000
28ri,000
180,000
218,000 1,069,000
Prints were in irregular demand at flrst hands and a trifle
easier in the way of discounts, and a good business in fancy
styles,
indigo-bluep, &c., was done by jobber?.
Printed
8ateenB, fancy indigo-blue and gold effects, and other novelties in printed dress fabrice, were fairlv active, and tae jobbing
trade in ginxhams was of fair proportijns, though the demand
flrst hands lacked spirit.
DoMEsriu Woolen Goods.— Clothing woolens adapted to
the spring trade were in fairdamand, but buyers continued
their purchases on a very conservative basis. Tde tone of the
market continue s steady, and there is very little pressure on
the part of holders to press desirable goads upon unwilling
buyers, because Ptocks are in pretty go )d shape as a rule.
Worsteds, casjimeres, trouserings and suitings were severally
in fair request, and tiiere was a moderate movement in over-coatini^B, cloikings, stockinets and Jersey clothi.
Lightweight satinets have met with a fair share of attention, and
there was a moderate trade in Kentucky jeans and doeskins.
All-wool and worsted dress goods, flianels, blankets, shawls,
skirts, wool hosii^ry, heavy shirts and drawers, and carpets
were severally fairly active in jobbing circles, and a moderate
business in these goods was transacted by the commission
at
bouses at steady
prices.
Foreign Dry Goods— The demanl for foreign goods at
flrst hands was of fair proportions, and a fairly active business in some descriptions was done by j ibbers. Tae auction
rooms were pretty well supplied with dress gools, silks, laoe
curtains, &c., and some of the public sa'es were atcended
with satisfactory
Staple imported fa'jrios are geaer-
results.
$rtt5t (SyompttnUs,
od:s
0-4
®0mpantes*
'^vnst
Union Trust Company American Loan & Trust Co., United
OF NEW YORK.
...
73 Broadway,
CAFITAI.,
si'RPLus; .
cor.
.
Sector St.N.T,
$1,000,000
.
alooojooo
Anthorlicd to act sa Kxecntor. AdminiEtrator
Guardian. Kecelver, or Trustee, and is
A LEGAL DEPOSITOIIY FOR MONET.
Accepts the transfer axenoy and registry of stocks,
•nd acts as Trustee of mortKaKcs
of corporations.
Allows Interest on deposits, which may be made
«t any time, and withdrawn on Ave days' notice,
with interest for the whole time they remain with
the company.
For the convenience of depositors this company
•ISO opens current accounts subject. In accordance
with It^ rules, to check at alKht. and allows interest
npoo the resultlOK daily balances. Such checks pass
tnrough the Clearini; Uouse.
„ Whltewright,
Wm.
HenryA. Kentl
R. T.Wilson,
Wm.
F. Kussell,
Wood,
James N. Piatt,
D. C. Hays
C. 0.
TRUSTEES:
James M. ~McLean
Ambrose C. ""
Kingsfand,
James H. ogilvle,
8. T. FalrchTld,
U. Frothingham,
George A. Jarvis,
1.
C. Vanderbllt,
Wm. Alex.
Duer,
Charles
A. A. Low,
Iceland.
H. G. Williams,
R. O. Hemsen.
II.
Kdward King,
E. B. Wesley,
D. U. McAlnin,
Edward
Schell,
Amasa J. Parker,'
Samuel F. Barger.
Geo.
>.eo. «'.. Magoun,
.viagoun,
George B. Carhart,
Chauncey .M. Dcpew,
II. V an liennselr Kennedy,W. Emlen Roosevelt.:
„ Whltewright,
Wm.
E.\ECUTIVB COMMITTEE:
G. O. Williams,
E. B. Wesley.
c. I>. Wood,
D. C. Hays,
A. C. K ingsland.
KINO. President.
JAMES M. .Mclean. First Vlce-Pres't.
Second Vice-Pres't
A O,
r. RONALDfiU.N,
nfvA'iSw?,'v"'.-"'\"''
Soeretary.
A. W. KELLEy, AsslsUnt Secretary.
James McLean,
Geo. C. Magoun,
EDWARD
A
Metropolitan Trust Co.,
37 Wall Street,
New York.
113
Capital, Pally Paid,
- • - •
$1,000,000
THIS COMPANY TRANSACTS A GBNBRAL
LOAN. TRUST & FINANCIAL BUSINESS.
Receives money on Deposit, subject to check, and
allows intoroat on balances.
All Checks pass through the Cleartiijir House.
Makes Inveatmeuts of Money, acts as Kxecutor
Administrator, Guardian, Trustee, etc.
Also, as UeKistrar and Transfer Aiieiit.
An authorized Depository for Court aud County
Treasurers' Funds.
O. D.
BALDWIN.
President.
Vice-President.
J. S. THURSTON. Sec. & Treaa.
States Trust Co.
OF NEW YORK,
No. 49 WALL 8TKEET.
CAPITAL AND SI7BPLIJ!|», - 8r,000,000
This company
DlBSCTORS!
John L. Macaulay.
Oeorfte A. Erans,
Rowland N. Hazard,
Graurlllo P. Hawes.
George S. Hart,
James S. Thurston,
Alexander U. Black,
Benjamin K. Tracy,
Wallace C Andrews,
John S. Silver,
John I. Blair,
Thos. y. Goodrich,
William P. Anderson,
Puyson
Merrill,
Herman Clark,
Thomas C. Flatt,
Jules Alditie,
John D. Kimmey.
John Hoss,
John
P. Tuwnsend.
O. D. Baldwin.
CnoTl<»5 Parsons,
The Brooklyn Trust Co.
Cor. of
MoNTAOPE & Clinton
Sts.,
CAPITAL (all In U.S. Bonds)
Bu'eltn, N.Y.
.
8l,OOU,000
This Company Is authorlied by special charter to
act as Kecelver, Trustee, Guardian, Executor or
Administrator.
It can act as agent in the sale or manafremont of
real estate, collect interest or dividends, receive
reelstry and transfer books, or make purchase and
sale of Government and other Rei-iiritios.
KellRlousand charitable Institutions, and persons
unaccustomed to the transactioi, of business, will
And this Company a safe and convenient depository
for money.
UOPB8,
RIPLEV „„„_„
BDMUND
Deslunntcd
President.
VV. CORLIES. Vloe-Pres't.
rnVSTBEH.
Low,
Alex. M.White.
A. A. Low,
Alex. MoCue.
E. K. Knowlton,
.lohn T. Martin,
Kred. Cromwell.
John P. Uolfe,
MIch'IChaunccT.
K.
.loslah O.
Wm.H.
W.
C. D.
Wm.
Wood,
n. Male,
Ulplcy K"i»es,
Abrnui U. Ilaylls,
Corlles,
11.
W. Maxwell,
Keiidnli. H'y K. Sheldon,
,;
.lAMF.s HoSH CCHHAy, Secretarv.
Fiua>£uic'K C. CuLiuN, Asal. Secretary.
'
a
Is
paid Into oonrt, and
or trustee.
is
leffal depository for mon«y«
authorized to act as guardwa
INTEREST ALLOWED ON DEPOSITS,
which may be made at any time and withdrawn
after five days' notice, and will be entitled to Interest for the whole time they may remain with the
oompany.
Executors, administrators, or trustees of estates,
and females unaccustomed to the transaction of
business, as well as rellKloua and benevolent Instltu*
tlons. will find this
company a convenient deposit.
Dry for money.
JOHN A. STEWART, President,
GEOUOE BLISS, Vice-President,
JAMES 8. CLAHK, Second Ylce-Prest.
GEO. A. EVANS.
PAID-ITP CAPITA!.,
. . 91,000,000
as a legal depository by order of
Supreme Court. Receive deposits of money on
I nterest, act as tiscal
or transfer aj^ent, or trustee
roT corporations, and accept and execute any ICRal
crusts from persons or corporations, on as fayorable
terms as other similar companies.
THO.MAS UlLLHObSE. President,
KHKDKltIC U. TAPPE.V. Vice-President.' '
'
CUAKLE3 M. JKdUP, Secretary.]
BROADWAY, NEW YORK,
rnrsTEES:
Lawrence, iWm. Libbey,
John C. Brown,
Edward Cooper,
Wilson G. Hunt.
11. K.
Clinton Gilbert,
Daniel D. Lord,
Samuel Sloan,
Krjistus CiTninir.
S. B. Chittenden.
Johnll.Khoades.: W.B'y'rdCuttlnjj
Anson P. Stoker, l^has. S. Smith,
Kobt.B.MInturn. Wm.Ki>ckefeller.
I). Willis James, Geo. U. Warren.. Alex. E. Orr,
John J, Astor,
George Bliss,
Wm.H.Macv.Jr.*
John A.Stewart. Win. O. Bloane. [Charles B. Bill,
James
Ik)W,
Wm. W.Phelps,
:
HENRY
LOUIS
L. THORNELL. Secretary.
O. UAMPTON, Assistant Secretary.
Manhattan Trust
No. 10
WALL
ST.,
Co.,
>EW YORK.
CAPITAL,
SI, 000,000
DIRECTORS:
n. W. Cannon, N. Y.
F. O. French N. T.
John It. Kord.N. Y.
R.J. Cross, N. Y.
11. L. HlKHlnson. Boston. T J. Cooildiie, Jr., Boa.
AUKust Belmont. Jr.. N.Y. James O. Sheldon. N.Y.
A. S. Rosenbaum, N. Y.
ED. Randolph. N. Y.
,
C. > . LIvermore, N. Y.
C. C. Baldwin, N. Y.
Chas. F. Tae, N. Y.
Henry Field. Chicago.
Wm.
Dowd. N. Y.
Pam'l R. Shipley. Phlla.
R. T. Wilson, n: Y.
John I. Waterbury, N. T.
President.
French,
Ormond
Francis
John 1. Waterbury. Vice-President.
ezvcuU
Tnuts of every .
accept
and
Authorized to
scripfion.
_
.
,
,
_
Truttee for Inreetment and manatemetU o/ rsa. and
ptrsonai estate.
,....•
.
Depotilt at mterett niblect to cluck tknutk (A< 0b3|i%
itty House.
Uctislrar and IVafu/sr AtmU
THE CHRONICLE.
2^
%nsnvKnc».
%n3m:vince.
The United
n
MASTER'S SALE.
tAk
circuit court of the
INUNITED STATES
for the Southern District of
THE FARMERS' LOAN & TRUST
COMPANY,
York.
Insurance Co.,
GHO. H. BUBFOKD, Pruldent.
A.WHEKLWBiCHT.Asst.Seo.
CP.FRAIJiaH.Seo.
T.
Mississippi.
OFFICE OF THE
ATLANTIC MUTUAL
(OBQAMlZKDaU»-1880.)
& 268 Broadway, New
Wm.
$eflal.
States Life
Insurance Co.
TUB CrWll OF NBW KOR&.
2»1, 262
[Vol. XLVir. '^
Btandin, Actuary.
IHCKIASB IN ASSETS OTKB
Niw BnstNKSs, - IKCBKABB
IHCKCABI ofBusinbss IN FoHCB,
m
-
81C0,000
40 per cent.
-
S!2,400,00e
POIJCIB8 INCONTBSTABLK,
CLAIMS PAID PBOMPTLT.
TEN DATS' GRACE.
ABSOLUTE SECUBITY.
The most liberal and equitable contract
consistent with recoEuized business prln-
New York, Jan. 24, 1888.
The Trustees, In conlorinlty to the Charter of
the Company, submit the foUowiug statement
of Its affairs on the 3 Ist of December, 1887
Premiums on Marine Risks fi oui
Ist January, 1887, to 31st
December, 1887
$3,642,969 09
Prem'ms on policies not marked
off 1st January, 1887
1,417,60013
Total Marine Premiums. . . $5,060,569 22
dvles.
Premiums marked
GOOD AGENTS, desiring to represent the Com.
p«ny, are Invited to address J. S. GAFFNEY,
Bnperintendent of Airencies. at Home Office.
Losses paid during the same
period
.
$1,599,468 25
American Association
Returns of Premiums and Ex-
OP
PUBLIC ACCOUNTANTS.
iBCorporated August
l.aYra
ilO,
1S87) Under the
and Statutes oi the 8tate
New York.
The Company has the following Assets,
United State s and State of New
objects of this Society are to
associate into a Society or Guild, tho best and
most capable Public accottntants practicing in
the United States, and through such Association to
elevate ttie profession of Public Accountant, as a
whole,and demonstrate their usefulness by compelling an examination as to tltuess, and the observance of strict rules of conduct as a condition of
OFFICERS:
Premium Nutes and
in
Re-
Bank
$12,237,283 35
SIX PER CENT INTEREST on the outstanding certificates of profits will be paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 7th of February
next.
THE OUTSTANDING CERTIFICATES
I
of
James T. Anyon, Louis M. Bergtheil, Thomas
Bagot, James Cox, William Calhoun, George H.
Church, C.W. Hasltins, R. F. Munro, Mark C. Mirlok,
C. H.W.Sibley, Uenry M.Tate, William U. Veysey,
"Walter U. P. Veysey, James Yalden, New York
Blchard F. Stevens. Jersey City, N. J.; Horace D
Bradbury, Rodney McLaughlin, Henry A. Piper,
Boston. Mass.; John W. Francis, John Heins, Henry
Kelly, PhUadelphia, Pa.; Brio M. Noble, Washing
ton, D. C.
the issue of 1883 will lie redeemed and paid to
the holders thereof, or their legal representa
tives, on and after Tuesday, ihe 7th of February next, fi-ora which date all interest thereon
will cease. The certilicates to be produced at
the time of payment and canceled.
OIBcea at the Association, No. VZO Broad.
ivay, Room 31 (0th Floor), New Yorli City
declared on the net earned premiums of the
Company, for the year ending 31st December,
1887, for wliich certiticates will be issued oq
and after Tuesday, the Ist of May next.
By order of the Board,
OHII.Y
A DIVIDEND OF FORTY PER CENT
Direct Li.e to France
J.
H. CHAPIVAN, Secretary.
GENERAL TRANSATLANTIC CO.
NEW YORK and HATRB.
Between
From
Pier (new) 42, North River, foot of Morton St.
Santolll
Sat., Sept. 8. 7
"<= Ker8ablec....'sept. IB, 1 pIm!
5;!!^J?,'V'""y&
i"i
I>A BOLllOOONK, traiigeul...Sat., Sept.22, 7 A.M.
Travelers by this lino avoid both transit by Engral way and the discomforts of crossing the
"
Channel In a small boat,
LAGASCOONK,
AM
mh
Prick of Passage (including wine):— To HavreFirst cabin, $100 and Ibo; second cabin, $00- steer'i'^f-lncludlng wine, bcdrtlug and utensils.
^1'
Ueturn tickets at much reduced rates. Checki on
Banque Transatlantlque, Havre and Paris in
amouuu to suit.
Special Train Ooni Havre to Parts.
'
The Cnmpagnlo Generale Transatlantlque dellvat Us office in New York special tickets from
«f«
Havre U. Paris. Baggage checked through to Paris
Withoutcxamlnation at Havre, provided passengers
nave the same delivered at the Company's dock In
New York, Pier 42, North River, fuot of Morton St
St least two hours before the departure of a steamer!
I.OVI8
DK
BEBIA.N, Agent.
Mo. 3 BoivllUK.Green.
Augustus Floyd,
421 PINE
STREET,
BBOKXB in
^VESTnENT
SECURITIES.
TRUSTEES:
J.
D. Jones,
W. H. H. Moore,
A. A.
Raven.
James Low,
Wm.
Sturgis,
Bei^jamin H. Field,
Josiah O. Low,
Edmund
AV. Corlies,
Robert B. Miutum,
William Degroot,
Horace Gray,
William E. i)odge,
John
Elliott,
C. A.
Hand,
John D. Hewlett,
William H. Webb,
JOHN
D.
Charles P. Burdett,
Henry E. Hawley,
Chas. H. Marshall,
James G. De Forest,
Charles D. LeverioU,
John L. Riker,
George BHss,
Ajiaon W. Hard,
N. Denton Smith,
Isaac Bell,
Edward Fhtyd-Jones,
Thomas Maltland,
Ira Bursley,
James A. Hewlett,
George H, Macy,
Lawrence Turnure,
JONES,
two hundred and thirty thousand one hundred and
fifty-eight and 44-100 dollars ($330,158 44); the purchaser, however, not to be required to assume the
payment of said tlrs^t mortgage or the bonds se-
cured thereby. I shall offer the said property for
sale in the following order.
I. I shall first offer for sale, separately, as one
parcel, all the rolling-stock uf the Vicksburg & Meridian Railroad Company, consisting of locomo
tives. passenger, freight and other cars. A schedule of this property will be produced and exhibited
at the sale. A copy of this schedule is now on file
for examination at Jackson. Mississippi, with the
Clerk of the Circuit Court of the Untied States for
the Southern District of Mississippi; and also at
the office of the Receiver and Commissioner at No.
40 Wall Street, New York City.
H. I shall next offer for sale the following described property, namely
The entire line of railway of the Vicksburg & Meridian Railroad Comgany, extending from the City of Vicksburg to the
ity of-'Meridian, and all extensions thereof, all
branches and other railways acquired or constructed
by it. including the right of way thereof, the road
bed thereof, the superstructure and tracks placed
thereon, and all stations, depots and shop grounds
yards and other grounds, and yards used in connection therewith, and all rails, railways, tracks,
switches,
sidings,
bridges,
fences,
turn-tables,
water tanks, viaducts, culverts, main, passenger
and other depots, station-houses, freight-houses,
machine-shops, wharves, docks, and all other
structures, buildings
and
fixtures whatsoever, ac-
?iuired for the use of the Vicksburg & Meridian
lailroad Company, or the business thereof also,
machinery, manufactured or unmanufactured
materials, tools, coal, wood and 9upi>lies of every
kind, and implements of the Vicksburg & Meridian
Railroad Company, with the appurtenances; together with all the corporate rights, privileges and
franchises of the said Vicksburg & Meridian Railroad Company, and all papers, maps, inventories
and documents in any wise referring or relating to
the said property and franchises; ail the streets,
ways, passages, waters, water-courses. easementB,
is
hereditaments and appurtenances whatsoever unto any uf the thereby
and mentioned p emises and estates beonging or appertaining, or to belong or appertain,
and the reversion and remainders, rents, issues and
profits thereof, not including, however, the detached lands of said Vicksburg & Meridian Railroad (.'ompany not used in the operation of its
rights, liberties, privileges,
f:rantcd
railroad.
III. 1 shall next offer for sale all tne
detached
lands of tho Vicksburg & Meridian Railroad Company not used in the operation of its railroad,
amounting to about 131,109 10-luo acres, situated in
the Counties of Uunkin. Scott, Newton, Lauderdale,
Leake, Kemper, Smith, Jasper and Clarke. A schedule of this property will be produced and exhibited
at the sale; a copy of this schedule is now on file
lor examination at Jackson, Mississippi, with the
Clerk of the Circuit Court of the United States for
the Southern District of Mississippi; and also at
theoffice of the Receiver and Commissioner at No.
40 Wall Street, New York City.
Of the purchase price bid on such sale, 10 percent,
and enough in addition thereto to bring such deposit up to the sum of fifty thousand dollars, will
be required to be paid in cash to the Commissioner
at the time of sale. In addition to such deposit
such further deposit of the purchase price shall be
Said in cash as the Court may from time to time
ircct. the Court In the decree reserving the right
to re-sell the said premises and property, or any
part thereof, upon the failure of the purchaser
thereof to comply, within twenty days, with any
order of the Court iu that regard. The balance of
the purchase money may be paid cither in cash or
in bonds, and over-due cou;)ons belonging thereto,
secured by the second mortgage of tue Vicksburg
& Meridian Railroad Comimny, dated May 1st. 1881,
the same being received at such price or value aa
would be equivalent to the distributive amount
that the holders thereof would be entitled to receive in case the entire amount of the bid were
paid iu cash.
FRANK
S.
BOND.
Special Master Comniistiinner,
FIDELITY & CASUAETY
OK
Nos.
CAPITAL,
211
NEW
4&
CO.
YORK,
216 Broadway.
ASSETS, $736,063 65.
Issues SURETY BONDS, guaranteeing the fidelity of persons in p^isitiuns of trust, such as em1^250,000,
ployes of Railroads, Banks,
etc.;
also Adminis-
trators, tiuardians, etc.
ACCIDENT POLICIES, containing all
modern features.
Also PLATE GLASS and BOILER POLICIES of
Issues
approved forms.
Agents will appreciate the advantage of dealing
with a company which does more than oue line uf
business.
OFFICERS:
WM.M.RiCHARPS.Prest. tiEo.F. Seward, V-Prest.
Rout. J. Hillas. Sec.
President.
W. H. H. MOORE. Vice-President.
A. A,
pursuance
all
1,362,986 07
218,192 40
York.
Marli C. Mirlck, N. T.
Louis M. Bergtheil, N.Y. Rodney McLaughlin, Bost.
William Calhoun, N.Y. C. H. VV. Sibley, N.Y.
George U. Church, N.Y. William H. Veysey. N.Y.
John Ueins.Phlladelphla. Walter H. P. Veysey N.Y.
James Yalden, N.Y.)
In
of a decree entered in the above entitled cause on
the 23d day of January 1888. at a term of said
Court held in the City of Jaekson, Mississippi, I, the
undersifrned Special Master thereby designated,
shall on the 3d day of October, 1888. at 12 o'clock,
noon, at the front door of the United States Post
Office Building, in the City of Jackson, in the
County of Hinds and State of Mississippi, make
sale at public auction of the entire property of the
Vicksburg & MeHdian Railroad Company, including its railroads, lands and other property of every
sort and description, making such sale, however,
subject in all respects to the lien of the first mortgage made by the Vicksburg & Meridian Railroad
Company to the Farmers' Loan & Trust Company,
dated April 1, 1681, under which bonds to the
amount of $1,000,000 are outstanding and unpaid.
witli interest to date of th decree amounting to
;
Bills
Amount
James T. Anyon, N. T.
[FELLOWS Uf IHE ASSOCJATIOS
Bank and
ceivable
Sec— JAMES
T. ANYON, New York.
Treas.-WM. U. VKYSKY, New
COUNCIL..
viz.:
other Stocks
$8,622,565 00
Loans secured by Stocks and
otherwise
1,559,100 00
Real Estate and Claims due the
Company, estimated at
'i74,439 88
Cash
President— JAMBS YALDBN, New York.
Vice-Pres.-JOHN UEINS, Philadelphia.
City,
Consolidated
Cause.
:
$788,846 38
l>enses
York Stock,
oi
The business and
membership.
from Ist
January, 1887, to Ist December, 1887
$3,672,331 21
off
as Trustee,
THE VICKSBURG & MERIDIAN
RAILROAD COMPANY, etals.
NOTICE IS HEREBY GIVEN that,
EAVEN, 2d Vice-President.
DIRECTORS:
Geo. S. Coe,
A. B. Hall.
J. G. McCullough.
J.S.T.Stranahan lI.A.Uurlbut, T. S. Mo-.re,
J.D.Vermilye, J.RogersMHiwell,
A. E. Orr,
Juhu L. Riker, Geo.F.Seward,
G. G. Williams.
M.Richards.
Wm
@FedFRASER