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xmtltHUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL. 49. SATURDAY, AUGUST 17, 1889. NO. 1,260.
%\xt Clxrouiclc.
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wrrTTm n niM. ( VTII^HATI B. IIANA & Co., Fabllsliern,JIHN o rinvn i lOi* Wlillam Street, NEW VOHi:^.
CLEARING HO USE EBTURKS.Tlie returns of bank clearings for the week ending August 10
reached a slightly greater aggregate than those for the preoed-
ding week, New York e.xhibiting a gain of twenty-eight millionsof dollars, but the total for the rest of the country showing aI0S.S of a little over twelro millions. The increase at NewYork, however, resulted mainly through increased activity at
the Stock Exchange. The termination of the coke strike has
removed the apprehensions that many iron mills would haveto shut down. Speculation in grain and petroleum was on asmaller scale than in the previous week, and compared withlast year the dealings record a decided decline. The businessfailures for the week, as reported by Messrs. R. Q. Dun &Co,, were 164 in the United States and h in Canada, or a total
of 201, against 210 last week, 216 the week previous and 233lor the week of last year.
Contrasted with a year ago the week's clearings exhibit anincrease of 7-4 per cent, aU but eleven cities contributing to it.
The most important gains have been at Fort Worth, 105-5 percent; Dallas, 00-5; Denver, 57-2; Louisville, 33-8; Omaha,26-9, and Peoria, 2G-5 per cent. The exchanges at Duluth,Los Angeles and Norfolk continue on a lower level thanduring 1888 and in the present statement the losses at thosecities are respectively 52-5 per cent, 22 per cent and 13-7 per •
cent. The declines elsewhere are generaUy small. Compared '
with 1887 the cm-rent aggregate exhibits an excess of fully 9-5 '
per cent.
New York Stock Exchange share operations for the weekcovered a market value of $70,296,000, against 865,634,000 forthe week a year ago. In our usual manner eliminating fromthe New York total the clearings due to stock dealings wofind the remainder, or exchanges due to ordinary mercantilebusiness, to have been $409,859,090 and $381,183,246 respect-JTely in the two years, or an excess of 7-5 per cent,
New TorkSate* ol—iStnckt thartt.)
iCntton bnlei.)
\Qrain buihe/*.)[Pttroleum bbla.)
BoitonProTtdenc«HartfordNew ilavenSnrlnKfleldWorcoeterPortlandLowell
Total New England.
Philadelphia.PlttuburxBaltimore?yrflcu«ieBull^lo>
Total Middle.
ChlcatroCincinnatiMilwaukee...,DetroitCleTelandColumbtisIndi.'iDapolla.,,PeoriaOrand Ruplds.
Total Middle Western
gan Francisco..Kansas City,,..MtaneapotlB....St. PaulOmahaDenverDulathSt. JosephLoa AnKelea....WlchiuPopeka,Dea Moines....Sioux City*Tacoma*Portland'
Tout Other Western..
8t. LonisNew Orleans..I-oaiavllle.....Memphis......Kichmond....DallasFort Worth..Oalveaton.....NorfnilrBirmingham*.
Total Sonthem...
Total all
Otitslde New York.
Weelt £ndlna Auaust 10.
1880.
* «585,699,090 U5,tW8.21«
P. Cent
+7-4
(1.202.217)1 (1.22H.504 (-2-0)(IM.IOO); UIO.S.IO'J (—40 1)
(lI.r.S-.;':.5) (3.j.4l):i.8ao (—68-2)lO.WDe.OOO) (2<1.9J2,UU0| (-74-2)
77,054 8314.»4l,«0ol.BBi.MSJ1. 1 10.1174
l.l"5.778I Otl.BWS
1.0-1O.J73
000.1,00
e7,894,133
59,601,46S11,449,0'27
7l2,'-508,418,597
82,850,042
63,612.2489.048,Ot(]4,677,4185,145,"";:B.5:i4.-^70lB,256,iO<i
l,60t!,28::
1,47S,;75648,090
92,890,311
14,794,09»8,780,6893.4«2.iW:3.6U0,68'4.4U5.805
- 4.503.5971,020.4431,3:J.178584,94.1748.401893,444608,138460.871440,713
l,8l»',875
44,301,876
18,147.2135,030.509T.OfS.eil)1.579,5351.890.-<701.1190,445
1 ,043,649^6 i,oiiO
481, 16X541.830
87.482,808
930,801,765
74,470.2li74,1I8V.0 (
1,«K.S,77.;
1.108.8'1.08Z.1779<7.8ll977.^9i0»;.4.'8
8i,3U,080
52,499.96410.073,22710.997.068
1. 18.371
+30-11-1-2-2-4+2-2—4-3+ 10 5+1-4
74.788.6:0
60.61 8,42'(
8.729.7C04,087.7834.t8-<.'J03
2.1/60,8111.95f.,K7".
1.011.1641.165.901701.12t<
88,839,064
14.9n0.34H7.913,032.S.llM.SSS3,5'll.46;t
3..'J40.3^92.di)3.BI22.l5').09Sl.l«.i.6«l75u,0!i0«07,'8I3-6,928601,357
11,819,630
17.H1.1605,0(9.93615.303.8411 ,2i.S.3VD1..531,12Sj
1.014,079507,718550.114580,79ll
+3-0
+ 13 7+7 3-^00+15 3.
Wtilc Bni't Auy. 3.
1880.
557,6S9,«07 -S-1
(019.101) (-24-8)(1 '12.5001 (-3. 1-51
(2.^.075.21f8 (-70T)(8,438,000) (-BO-O)
80,315,4594,t»6,IOO1,645,458l,I74,05t1,1')9,78»010,748987,491515,816
90,854,911
e?,lM,24912,1,07,48511,81H,0M
6'i0,4813,081,918
+108 91,48e,2S»
4 5+IOO1+14-4-r3-2
+19»!+nr»i+ 1-5
+26-6
62,612,88210.7l'5,2505 392,1186.1-21,008?,:HiB,»33t,8fl-,100!;,ioi,3o81,882,685
&;'.l,-254
-20-8-0-1-1+1-7+7-4+«S—1-8-22-3
-2-7
+11-9+12-5-2-1+0-4
+6-:
-is'+110,+0-4+2-!-
+26-9'
+ 57-2-62-j-t9-o
-22-0+23-1+7-«+20-9
1) 1,320,««
17,.'W 0,8927,iyj,54l4.180,668;;,703,<224.4d2,l81I,i!-'H,195
1,029,1411,254,908504,828767,621371.820P.09,2S342\617421,895
1,610,724
+o-»
+«-8+14-*+11-8-+B'2+6-»-IS*+11-0-81+15-3
+59 46,021,149
-04+SS8'+21-7+•23-5+06-5+10551
-8-9!-18-7
+6-8
-5-7-9-t
+20-1-0-4+81-9
-88-7+5-7-48-»+S9-5-+29(V+38-*
82,958,029
866,981,870
845,3(.2.075| 321,716,433
16 310,0214.792,1986.4','0.'^43
1.650.0081.490,8262.1.91,719758,719(e7,8584St.9!i25'J2.838
+ 13 8 34.5-24,098 +98+7-4' 014,826,618 -0 9+r3! 357.188,9051 +«-8-
+1-8
+8-4-01—1-8
4-19-8+12-7
+122-1+71-8+19-7-7-4
• Not included In totals,
Tlie returns of exchanges for the five day-t have beenreceived by telegraph this evening. Contrasted with thelike period of 1888 the total for the seven cities exhibits a gainof 18-9 per cent. Our estimate for tlie fuU week ended Aug. 17indicates an excess over a year ago of about 8-3 per cent.
Setunu hv r<l««rap?i.Week BnHno Jiugust 17. IVeek BruPi Aut). 10
1859. 1888. P. Cent. 1839.
482,181,117
(954.401)
64,7.35.481
50,314,373
0,296,204
53,633.000
15,382.745
4,031,590
P. Cent.
New York,, 4«7,960,248
(814,014)
61,314,109
48,831,876
10,249,769
03,459,000
18,151,727
4,003,197
*443,618,8(0
(730,516)
63,881,815
52,455,666
10,143,819
47,272,000
14,858,230
4,102,023
130.021,21*8
774 856,718
98,904,236
+12-2(+11-4)
-1-0-6-9
+10+18-1+12-3-2-4
+8-9
+3 7
+7 9
+11-3
+11-1Balao/SUick (sharaa)...,
BostonPhiladelphia
(-5-1)
+6-1+17-2
Baltimore +2-8Cuicago +4-8
St.LoQls +8-3
New Orleans +1-4
091,999,924
144.218,719
838,218,673
110,104,100
916.322.773
879,439,483
140,703,171
+10-3
Estimated 1 day -5-8
Total fu)l weekBalance Country*
820,182.634
110,395,483
+7-1
+10 2
Tvital wn(>lr. »1I S73,7«O.B52 +«-S 93J,858.117 +r3.
'.cor tbe tuh weei, on lb« bu>9 of iMt week's r«tBra9,
186THE CHRONICLE. [Vol. XLIX,
TUE FINANCIAL SITUATION.
There hw been a hardening tendency to the money
market the past week, notwithstanding the demand for
Stock Exchange business has been quite limited, ims
is a natural result of the loss in surplus reserve by the
banks last Saturday, of the small purchases of bonds by
the Treasury department, and of the outflow of money to
the West and South during the current week. Other
conditions have also aided in making lenders more
cautious. A prospect of dearer money naturally ex-
aggerates the importance of the defalcations and failures
which have been of late so prominent and numerous.
Then there have been such antics in trust stocks as to
unsettle confidence not only in the quotations of securi-
ties about which the information is private, but more
or less of all securities without income value. Dis-
crimination by monej'-lenders now, however, is con-
servative, and helps to lessen any possible danger of
disturbance from temporary stringency during coming
weeks. We should not forget that active money is
healthful ; it is 2 per cent that is the mark of disease,
not 6 per cent, and even higher rates would never induce
a panic were borrowers and lenders in their transactions
reasonably cautious. Hence the fact in the situation
which may well inspire a sense of security, even though
rates do go high, is that our banks never had their
funds better in hand or better secured than now.
As a matter affecting and facilitating the movements
of currency to the interior, there has been published
this week an important notice of Mr. Huston's, United
States Treasurer, which takes the place of former regu-
lations with reference to the same matter. For instance,
telegraphic transfers are no longer made and hence the
plan so long in vogue of depositing gold in New York
and securing (much of the time without charge) silver
certificates at any interior city where there was a
Sub-Treasury, has been discontinued. Hereafter, as
we understand it, the only method in which the Gov-
ernment will assist in the distribution of its currency,
will be under this "notice" which applies to all
cities and towns—in fact, "to all banks and bankers
" throughout the country who may see fit to avail them-
" selves of its advantages." The "notice" states that
the Assistant Treasurer at New York will receive depos-
its not only of gold coin but of currency or a draft pay-
able to the Assistant Treasurer's order in amounts not
less than one thousand dollars, " returns for which will
"be made in small denominations of neiv United" States notes and silver certificates as may be avail-
"able," and that the United States Treasurer will ship
the same wherever desired, deducting express charges
"from such remittances at Government contract
"rates." Express charges ("contract rates") are 15
cents for each thousand dollars and 10 cents for five
hundred dollars to all points reached by the UnitedStates Express Company by continuous railway commu-nication, but not extending westward beyond the Mis-
souri River. Where two express companies have to beemployed the charge is 50 cents for one thousand dellars and 30 cents for five hundred dollars, except whenone of the points is in Arkansas or Texas, in which casethe charge is 75 cents for one thousand dollars and 50cents for five hundred dollars. Last year one of ourlargest insurance companies insured curimcij sentby mail to Texas for 50 cents per thousand dollars, andlarge amounts were remitted in that way. W"e do notknow that the same or any company will continue thatkind of business this fall.
These new Treasury arrangements will be found a
decided advantage to many sections and will, as a general
rule, make the movement of currency this fall cheaper
than last year. During the current week there has been
sent out by the Treasury, in the manner above described,
$754,000. This fact and the returns we get from
the banks show, therefore, that the anticipated
currency movement for crop purposes has now set in
in considerable force, and so far as the South is con-
cerned (for one lot is reported to be for Memphis),
it has started earlier than a year ago. No doubt
the Secretary of the Treasury will have to make,
at once., some special effort to get out his accumulated
and accumulating funds. Perhaps current disburse-
ments will bo very large ; that, at least, is intimated in
a press dispatch from Washington this week which
wears a semi-official look. Still it seems hardly pos-
sible that the relief which is needed can come other-
wise than through large bond purchases. As we have
all along said, the need of Treasury help is going to be
imperative. Our clearing house institutions are poor
in currency. Last Saturday's returns made the surplus
reserve only $6,793,125, while four of the largest banks
held $6,1-48,300. Moreover the total amount of lawful
money reported at that date (August 10, 1889) was
only $114,918,900, against $128,236,600 August 11,
1888.
Money on call this week, so far as represented by
bankers' balances, has ranged between 5 and 2 per cent;
the extremes were exceptional, the higher rate being
recorded only once, and then for a brief period, and
the lower rate being the result of liberal offerings at a
time when the demand for the day had been supplied,
so that the average was probably about 3^ per cent.
Banks and trust companies have marked up their call
rate; they are loaning nothing now below 4 per cent,
very little lower than 4^ per cent, and generally obtain
5 per cent. Time loans are dearer for short dates and
steady for long. The shortest-date contracts mature
when activity in money is looked for ; in fact loans
from sixty days to four months are firm at 5 per
cent, while five to six months are reported at 5^
per cent. These quotations are for prime to good
collateral, and some lenders it is said are disposed
to accept active and low-priced stocks on liberal mar-
gin in preference to dividend-paying properties for
which the demand is irregular. It is rej^orted
that a loan has been made within a few days on Gov-
ernment bond collateral at 4^ per cent for sixty days.
The commercial paper market continues to feel the
effect of the recent mercantile failures. Of course the
low bank reserves also act against negotiations. The
supply of paper is good, but the demand has almost
entirely ceased, none of our city banks except perhaps
one or two of the largest being in the market, and
Eastern institutions doing absolutely nothing. Conse-
quently rates are higher, and we quote sixty to ninety-day
endorsed bills receivable at 4J@5| per cent, four months'
acceptances 5i@6^ per cent, and good single names
having from four to six months to run 6@7 per cent.
The London money market has continued firm, the
cable reporting yesterday sixty to ninety-day bank bills
at 2f per cent. There has, however, been no further
change in the Bank of England official minimum, it
being still at 3 per cent. Apparently the rise of last
week has had the effect of arresting the shipments of
bullion to France, as none are reported this week, the
only export being a small amount to Portugal. There
is a net gain reported by the Bank of England of
August 17, 1889.] THE CHllONICLE 187
£29,000, which according to a private cable to us was
made up by receipts from abroad ("bought") of
£103,000, by the export to Portugal referred to of
£50,000, aud by shipments to the interior of Great
Britain of £24,000. The open market rate at Paris was
yesterday 2J per cent and at Berlin and Frankfort 2|
|ior cent. This is the same as last reported at Paris,
but i per cent higher at Berlin and Frankfort. Our
London correspondent to-day explains at considerable
length the reasons for the recent large movement of
gold to France. What he there states seems to cover
the subject pretty fully.
Our foreign exchange market has been dull and
inclined to be heavy this week. The arbitrage business
was comparatively large early in the week, and
although there were few offerings of bills against these
l)urchases, the probability that they would soon conic
upon the market had some influence upon the tone,
[jater, higher rates for time loans directly affected
xohange, and on Wednesday the market was weak, but
ecame steadier on the following day. There is a
moderate supply of commercial bills against present and
future shipments of grain, and also some cotton futures,
but none are being pressed for sale. What course the
market will take depends largely on the rates for money
in New York and London. No doubt the Bank of
England will resist withdrawals of gold for New York,
or any such tendency by a further rise in its official
rate. Jt seems as if the Bank had not much bullion to
spare for America, and unless it can transfer to the Bank
of France the burden of the demand, if there should
be a demand, the movement to this side would in any
event be hampered.
Mr. Switzler, of the Bureau of Statistics, has very
promptly issued this week his jireliminary statements
I
of the exports of leading articles, cotton, breadstuffs,
provisions, etc. The exhibit is for July and presents,
under the circumstances, a very favorable comparison.
It was well known that the shipments of cotton were
much below last year's total, the movement of the old
[erop having been so free during the previous six
months as to have exhausted our surplus. For this
reason and for the further reason that the prices
[Tnling for some of the articles were lower,
it would not have been a surprise if the
total values had been less than a year ago. OnI he contrary, breadstuffs and provisions are moving so
ipidly that the aggregate exports for July reached
'•arly 5 millions dollars more than in July, 1888. Theillowing is the statement for four years.
EXPORTS OF BREADSTPFF8, PROVISIONS, COTTON AND PETROLEUM.
Export* from Unittd Stateg.
QuantiHes.
i Wheat bu»h.
j Flour bbl9.
Wheit bush.
[I Corn bnsta.
TuUI b»sh.
Values.
tioat and flour
ru and meal
a»and meal.iittrley
nrcadstuffa...
'*roviblOD»*,.
•tton
•^trolm. Ac.
Total value, JulfTotal value. JuneTotal value, May
Total value, 3 mnnthf.
July.
3,311.393 3,372,623
8W,7»8' 810,419
7,015,986
8,42P,4«9
7,018,500
2,229,071
13,445,415 9,248,580
t' >
6,540,860
1,322.534
300
34,615
16.143]
6,691,960
2,911.494
»7,0c4
83.117
23,325
9,806,950 7,904,452
14,714,8301 9,771,»37
2,»46,31o! 5,447,016
4.600,9061 4,143,042
13.543,481
632,118
16,387,U92
1,655,728
18,043,720
14,883,941
846,054
8,503
15,691
10,023
15,759,219
9,501,59?
4,020,356
3,846,18:
82,069,0051 27,266,447 33,129,63(
29,406,357 28.558,023 32,669,33!
34.544.304 30.140,372 26,789,79<
96.0'9,60tl 85,964,842 92,588,45
1888.
6,618,735
976,967
10,915,086
3,282,953
14,198,039
t
9,951.140
1,585,174
6.009
36,474
9,818
11,807,8^4
9,198,301
6,870,9.')5
4,702,823
32,.H30,78B
38,638,224
18,679,618
09,657,608
* Cattle iiiid liD^-i are now incluiled above under the head of jirovisions.We have aecordiufily revised our totals f .r previous |inouthe and yearsto make the compaiieous coiTect. 'jju88
We have added the totals for May and June, and theresult is very satisfactory, being over 10 million dollars
larger than for the same months in 1888, and about
3i millions larger than in 1887.
The situation as regards the cereal and other great
crops of the country is now sufficiently developed to
admit of the statement that with the exception of corn
a very heavy total yield is in each case assured, andcorn seems to be in danger only of early frost. Nobetter idea of the favorable nature of the existing
prospect can be given than is furnished by the high
averages of condition which the Agricultural Depart-
ment at Washington reports for the Ist of August.
The average of corn is put at 94-8, of oats 92-3, of
hay 94 -5; of potatoes 94-3, of spring rye 95-4, of buck-
wheat 95-2, and of barley 90-6. The condition of
.-ipring wheat is estimated rather low—lower even than
a year ago—but the later accounts have all been very
favorable, and it is known that the outlook has been
steadily improving, so that in another month no doubt
the average will be raised. In any event, combined
with winter wheat the yield will be of very large pro-
portions, and as regards oats the expectation is of the
heaviest production ever made; considering tliat the
yield of that cereal has been steadily increasing for
several years, and last year reached over 700 million
bushels, that is saying much. It is to be remarked, too,
that the tenor of private advices is to the same general
effect, railroad managers in widely different sections
reporting the best outlook for years. The condition of
cotton is placed a fraction less than 90. Tobacco is
down to 84-4, but that is a minor crop. With regard
to corn, the Department report shows a gain of 4^
points during the last month, making it evident that
with good weather the production will be satisfactory.
Still, there has been a lack of warmth and sunshine in
certain sections, and dry, forcing weather is greatly
desired. The following gives the comparative condi-
tion figures for some of the leading States.
CONDITION OF CORN.
Uilnols. ...
IowaMlssonri.
Kansas ...
Indians.,..
Nebraska..
Ohio.vllchlKan..
TennesseeKentnnky
.
Pennsyra
.
New Tork
.
Aug. 1
90
100
96
102
87
101
M76
98
97
00
Av. U. S. 91-8 90-3 95-5
1888.
Aug.l Julyl
1887.
Aug. I Julu 1
6593
80
60
76
82
63
89
78
98
100
98
100
98
100
96
Artg. 1 July 1
80-5 I 97-7
97
99
101
102
65
95
93
91
oea
AuQ. 1 July 1
94
101
89
90
95
100
98
92
101
9090
87
•0
92
87
83106
9797
87102
103
•6
85
The high averages reported for Iowa, Nebraska and
Kansas are worth noting, the condition for Iowa being
given at 100, for Kansas 102, and for Nebraska 101,
while Missouri is also reported high at 96. These are all
States of heavy production, and the specially satisfac-
tory feature is that in some of them, and notably
Kansas, the crop is believed to be already out of the
reach of frost.
There are many interesting and striking facts in Mr.
Poor's review of the 1888 operations of United States
railroads, as furnished in advance proof sheets this
week, but there is one point in particular that deserves
to be recalled as reflecting the character of the railway
situation during last year. Mr. Poor finds that though
gross earnings were 20 million dollars larger than in the
year preceding and consequently larger than ever before,
ihe net actually was over 33 millious less. The fact is not
188 THK CHRONICLE. [Vol. XUX.
anew one, for in our summary last February we showed
al089 of about 24 million dollars in net on 127 roads winch
furnish about three-quarters of the entire railroad
income of the country. But Mr. Poor's statistics prove
that the other quarter fared no better. In other words,
that the whole railroad system was subject to the same
unfavorable influences. And the loss of 33 millions in
net on gross increased 20 millions, affords a measure of
the cost of those influences. There were many excep-
tional and extraneous circumstances tending to render
nenlts unsati.'^factory, but after due allowance is made for
all these, the fact remains that the controlling element
was the lower rates received, and this is seen in the
reduction of the average per ton per mile of over 12i per
cent—all in one single year. It is hardly worth while
attempting to apportion the reasons for this decline-
how far due to the action of State Railroad Commis-
Bioners, how far to the building of unnecessary compet-
ing mileage, and how far to a reckless spirit of rivalry.
The main point is, that it cut down dividends and in
many cases even endangered interest charges, and that
it was absolutely necessary to adopt remedial measures
of some kind. It might not be possible for railroad
managers to restore the old basis of things—in fact that
was known to be out of the question—but it was im-
perative that they should endeavor to in^prove the situ-
ation as far as lay within their power, and at least
check any further downward tendency. The efforts
since made in that direction have had that one purpose
in view.
These, though familiar truths, known to all our read-
ers, have a special pertinency now because of the suc-
cess attending the efforts at improvement, and the
great change in the situation which they have worked.
^fe give on another page our usual monthly review of
net earnings, covering this time June and the six months.
For June the showing is not on its face particularly
favorable, but there are good reasons for this, as ex-
plained in our article, and the general situation remains
unchanged. For the half year, however, the result is
very gratifying, and the period in question is a good
one for studying the effects of the new policy arising
from the Presidents' agreement and the formation
of the Inter-State Railway Association. Our returns are
unusually complete too (a number of roads reporting for
the half-year which will not report by months), though
of course at the end of the twelve months it is possible
to include still other roads which report only once a
year, thus allowing of no direct comparisons between
the two statements. In making up the figures for the
first six months of last year, we found a loss of $7,789,-
325 on 97 roads, with gross increased ?ilO,539,G2S.
This year on 114 roads we have an iini)roveinent in bothgross and net—$11,349,465 in the former and $8,639,-
114 in the latter, and this notwithstanding the heavyloss in June by the Pennsylvania, the Reading, tlie
Korthern Central and other roads on account of the floods
in Penns3'lvania and adjoining States. Xot only is theimprovement large, but separating the roads in groups,there are only two groups which do not share in it,
namely the coal roads, which have suffered from adiminished demand for their chief item of tonnage,and the Pacific roads which had gained over two mil-lion dollars in the year preceding. It is not to be de-nied that the improvement in the net follows in partfrom the practice of close eeonomy, but at any rate theevidence is clear that the situation this year is just thereverse of that of last year; then the roads were on thedown grade, now they are ou the up grade again,
The stock market has been rather dull this week, but
with the tone pretty strong. There have been few
special developments of moment affecting values, andin the absence of these, the various general conditions
bearing upon the present and future have been free to
exert their normal influence. The reports as to the
condition of the crops are very encouraging, as stated
above : general trade is active and improving ; returns
of railroad earnings as a rule continue quite good ; at
the same time confidence in the ability and determina-
tion to maintain rates is increasing. Under tliese-
circumstances, the disposition is to favor higher prices,
but on the other hand the future of money is involved
in some doubt, and this deters speculators from makingany extensive engagements requiring the use of that
medium.
The following statement gives the week's movements of
money to and from the interior by the New York banks.
TTffk ending Aug. 10, 1889.
Currency..
Gold
Total gold and legal tenders.
Received by
X. T. Banks
»l,50o.000
Shipped by ,
Jr. r. Bintts.l
2.480.000530,000
yet Interior
Movement,
Loss,
Loss.f975.000
533,000
11,505.000 ) J3.010.000 'Loss. $1,105,00'
With the Sub-Treasury operations the result is:
Week eixdino Aug. 16, 1889. Into Banks* Outof Bunks. Net Change in
Bunk Holdings.
Banks Interior Muvement, as abOTe »1,S05.030
11,500.000
$13.005 000
$3,010,000
13.000.000
Loss $1,105,000
Loss. l,ij )0 000
Total sold and lezal tenders— $18,010,000 Loss. t3,005,000-
Bullion holdings of European banks:
Bank* of
England.,..
FranceGermunyAust.-Hung'yNetherlands..
Nat.Belgium.
Aug. 15, 1819.
Oold. Silver.
££20.S)45.62S|
52.708.188.W.ajT.eOU
29.708,6671 U,834,333
5,439.000 15,»29.000
5.539.000 6..'il6,000
S.643,0O0J 1.32i.000
Tot. this week 110,953,483 8S,870.21)i203.h83.705
Tot.preT.Wk . 110.025.737 8 j,;83,aua', 204.795.035
Total.
£20.9J5.828
102.900.077
44,593.000
81,388.000
12,035.000
3.916,000
Auj.16, 13<8.
Oold. SHaer.
£19.933,911
43,911,301 48,931 148
32.818.000 18,274.00)
8,075,OOOJ16.1'.0.00)
S,729.00u! 7.935.0)0
2,555,0I)0! l,273.00u
111.089.243,83.031,148
lll.346.58a',89,832.37ij
lotai.~~*19.930.911
88.S93.410
49,122 00')
81,245 0)0
13,flS4,000
3,833.0)0
200,730.3^3
201,1118.83 »•
AMERICAN RAILROAD STATISTICS.
Under this title Prof. Arthur T. Hadley, of Yale Col-
lege, a few months ago read a paper before the American
Statistical Association, and this paper has now been
printed in the journal published by the Association.
Prof, Hadley's wide experience and progressive ideas
make anything he has to say worthy of very careful
attention, and in the present case the time is specially
opportune for a discussion of the question which is th&
subject of his investigations.
The Inter-State Commerce Commission, as is known,
has taken upon itself the task of collecting very elaborate
statistics annually with regard to the railroads under its
jurisdiction. The wisdom of the proceeding we have
already called in question, and the success attending the
first effort has not been such as to suggest a repetition of
the undertaking on the same scale. There is no reason
to expect, however, that the Commission will recede
from its position, for they evidently regard the Statisti-
cal Bureau as a permanent adjunct to their office, and
one with growing rather than limited functions. Hence,
if the work is to be done at all in this way, and espe-
cially if, as appears to be the case, it is the intention to
make it the groundwork for regular periodic returns
from year to year for the whole railroad system of the
United States, it is in the highest degree desirable that
the work should be done in accordance with correct
principles, and in this view contributions by persons of
standing and ability, like Prof. Hadley^ have a value
whicli canuot easily be oyerestimated.
ACQCST 17, 18t«9,] THE CHRONICLE. 189
It is obvious that the work of the Commission in this
field is going to have an important influence upon the
future of railway statistics ia this country. The fact
that the Commission is a national one alone renders
such a result inevitable, investing their action with far
greater imj)ortauce than that taken by separate States
or particular systems. And this oilers another reason
why the elfort should be guided by correct principles.
Already some of the railroad companies have changed
their fiscal year to conform to that of the Intor-St;itc
Board, and others will doubtless adopt a like course.
To be sure, the controlling motive in this change Im-;
been the desire to avoid the necessity for preparing two
separate reports each year for different periods, the
compilation of that required by the Commission invol\-
ing a very large amount of labor and expense. Still
the change is evidence of the widesjiread effects result-
ing from the Commission's action. Then also the State
Railroad Commissions have decided to harmonize their
labors witli those of the Inter-State Board in this
respect. At the conference last March between the
various State Kailroad Commissioners and the Inter-State
Board, it was resolved not only to make the fiscal years
of the States and the United States correspond as far as
possible, but also to adopt substantially the same system
of accounts. Finally, another national census is about
to be taken, and though the railroad statistics of the
last census were in the main very satisfactorj', tliose to
be placed in charge of the present work ought to have
the benefit of the experience and judgment of the best
and ripest minds, given through the various forms of
public utterance, to guide them.
Prof. Hadley's paper is a short one, and does not
attempt any elaborate treatment of the question. But
lie gives a clear and concise outline of the requirements
to which an annual statement should conform, and of
the principles involved in making a proper classification
of earnings and expenses. As he very truthfully says,
*' any presentation which can jjroperly satisfy the stock-
'' holders, gives most of the information which the
*' public requires." He refers to some historical facts,
but only to the extent necessary to show the process of
development that has been going on and as a basis for
illustrating present needs in the way of information.
Taking the railroads at their beginning, he finds that
for many years about the only source of statistical infor-
mation available was contained in the reports of tlie
railroads themselves. lie gives full credit to the early
•work of the New York and Massachusetts State Com-missions, and to the influence of the enlightened
policy pursued by the Board of the latter State u])on
the Boardsof other States and upon the general subject
of the collection and compilation of railway statistics in
this country. He mentions the Saratoga Convention
of State Railroad Commissioners held in 1879, at which
the classification of expenses subsequently so generally
adopted was agreed upon, but thinks that that classifi-
cation, though lying at the basis of all subsequent efforts
of this kind, was yet "so far indefinite as to leave
"room for a great deal of divergence in practice even
*'by those wlio conformed to its general requirements."
The United States Census of 1880 he regards as the first
systematic collection of national railroad statistics to be
found, and thinks it marks a jioint making subsequent
development easier; " the result is fully as good, if not
" better, than that which has been obtained in the same"field in any other country."
The requirements of an annual report he finds to be
very simple. It should contain au account of the
permanent expenditures on the property, and the meansby which they are met, whether stock, bonds, floating
debt or surplus earnings. In other words it mustcontain a balance sheet, and to this should be added a
description of some of the physical characteristics of
the road—length of line, bridges, buildings and equip-
ment. Then there should be an income statement for
the year, with a classified summary of receipts andexpenditures. This should be followed by an account
of tiie work done—the miles run by trains of various
descriptions, the aniount of passenger and freight trans-
2)ortatiou. The latter requirement should embrace (1)
the number of tons or passengers handled; (2) the
aggregate amount of transportation, that is, ton or
passenger miles; (3) the aggregate amount of train
movement—freight or passenger train miles. The second
of these, he says, represents in a rough way the amountof public service done, and is the best thing with which
to compare receipts. The first and third, on the other
hand, he culls units of railroad service, and it is with
them that the expenses should be comi)ared.
The Professor points out some of the difficulties in
the way of a proper classification and division of
expenses, and his remarks on that part of the subject
constitute one of the prominent features of the address.
He discusses the different methods pursued in this
country, and also refers to the practice chiefly followed
abroad. He arrives at the conclusion that " the account" of expenses on a given road is not completely or
"accurately presented by lumping everything in one" sum, but by grouping the general expenses into one" head, and the direct or distributed ones into another.*
He does not believe in asking for too much or requiring
too great detail. He clearly sees the mistake made by the
Inter-State Board in this respect. Especially would he
avoid getting in any case "a false and arbitrary return,
" which is worse than none at all," and he criticises
the Inter-State form of report because he thinks it
subject to this charge.
Altogether, the address contains many valuable hints
and suggestions, and should prove a great aid in clear-
ing up the fog and mystery in which the existing diverse
and varying practice has involved railroad accounts,
while offering also the outlines of an intelligent and
enlightened system for a uniform series of reports.
NET EARNINGS IN JUNE AND TIIE HALFYEAR.
Those who have not kept watch of the June returns
of net earnings by tha different companies, as published
from week to week in our columns, will doubtless be
surprised at the character of the exhibit for that month,
as disclosed by our summary statement below. There
is a sharp lontrast between this exhibit and the exhibits
for th" months preceding. Instead of a handsome gain
in both gross and net, we have this time a loss in the
gross and also a slight decrease in the net.
The less favorable exhibit, however, is easily ex-
plained, being due largely to special circumstances.
The chief adverse element to note is the heavy and
exceptional floods in Pennsylvania and adjoining States,
and the effect these have had upon the results of many
large and important systems of road. The Pennsylva-
nia Railroad, as is known, was the principal sufferer,
having lost on its Eastern lines no less than *1,14'J,.383
in gross earnings and $804,662 in net as compared with
the same month last year. Then there is the Reading
with a loss ol 1195,005 in gross and 1476,505 in net*
3190 THE CHRONICLR [Vol. XUX.
while the
•134,707 in
Northern Central sustained a
the former and $73,'t51 in
decrease of
the latter.
Taking these three roads together, and the falling off
reaches 11,479,094 in the gross and $1,353,618 in the
net. But, in addition, a great many minor roads in
the same district also suffered in that way, so that
altogether this one circumstance alone would account
for the changed results.
There have likewise been some other elements tend-
ing to affect the comparison with last year adversely.
The montli had one Sunday more, and therefore one
working day less, than the same month last year. Besides
this, there was this year a decided contraction in the
movement of cotton over Southern roads, and a great
falling off in the grain movement at Western ports. As
regards this latter, Chicago showed diminished receipts
of cereals of nearly three million bushels, while Duluth
and Minneapolis between them lost about 1^ million
bushels in wheat. Finally, for the month under review
the comparison is with net earnings last year rather
better than the average for 1888, the decrease then hav-
ing been only 1633,795 on 81 roads, or about 5 per
cent, and this after exceptionally heavy gains in June
of the year preceding (1887), when on 56 roads there
was an increase of $3,187,732, or 21 per cent. In view
of these various drawbacks, the result now disclosed
hardly offers ground for dissatisfaction. It is apparent
also that this result differs from that for other months
simply because of these drawbacks, and hence does not
indicate any permanent change in the conditions and
tendency prevailing during the curren t year. The fol-
lowing presents our usual summary, covering June and
the six months.
JUM.(»7 roaOt.)
Jan. I to Junt 30.
(114 roadt.)
1»9. 1888. Inc. ur Dec. 188». 1888. SrtcrtdH.
OrOHMrn'aOp«. up. .
.
t
4O.S74.440
2'i,8Bfl.7aB
«40.4oa.c7e
87,707.811!
*-31.686
+148.93a
292,61)8,20f
202,102.2811
I
281.252.741
199.391,938
t
11,349,465
+2,710,851
NMMrn-i )2.5t7.«7Sl ia.a98.280 -180.588 »0.49».9K 81.8«0.803 f8,639,1 14
Arranged in groups, quite a number of sections have
diminished net. But here again the floods in Pennsyl-
vania play a very prominent part. Thus the loss in
the trunk line group follows entirely from the
heavy decrease on the Pennsylvania Railroad, while the
decrease on the Reading is chiefly responsible for the
diminished net of the coal roads, though there are
some of these besides the Reading which have lost
heavily, and from the same cause, such as the WesternNew York & Pennsylvania and;the West Virginia Central.
On the other hand, there are a few roads in that groupwhich have done quite well,and report increased net earn-
ings, notably the Central of New Jersey, the Pittsburg
& Western, and the Summit Branch. The group of
Eastern and Middle roads comprises quite a goodmany affected by the floods, the Northern Centralbeing of course the most prominent. There are onlytwo lines in that group, namely the Staten Island andthe New York Ontario & Western, whichimproved net.
As in previous months, the Northwestern groupmakes an excellent showing, the increase being $738,-237, or over 50 per cent. The heaviest gains are con-tributed by the Burlington & Quincy, the St. Paul,andthe Wisconsin Central, but all the roads in that sectionparticipate in the gain, with the exception only of threeminor lines. The Southwestern systems have not doneso well, both the Atchison and the St. Louis & San
report
Western are able to report handsome gains. The increase
for the Middle Western section is furnished chiefly bythe Illinois Central, though the other roads embracedalso have good returns; the Flint & Pere Marquette andthe Cleveland & Canton are the only ones falling behind.
In the Pacific group the Northern Pacific shows lower
net by reason of heavy expenditures for renewals, &c.,
and the California Southern by reason of a reduced
business. The Canadian Pacific and Union Pacific
both have large gains; the sanie is true as regards the
Mexican Central and the Mexican National in the
'
Mexican group. The Southern group presents very
irregular results, with the losses predominating.
For the half year the improvement is noteworthy andgeneral. The comparison is with poor results last year,
and the conditions this year have been decidedly better
than in 1888. The first half of that year was markedby a remarkable combination of adverse circumstances.
The strikes in the anthracite coal regions, the loco-
motive engineers' strike in the West, the severe weather
in the same section and the blizzard in the East, the
short crops and inactive general trade, with the
demoralization of rates nearly all over the country
—
these operated to reduce earnings heavily, and as a con-
sequence when the exhibit for the half year was madeup it was found that on ninety-seven roads the loss in
net reached $7,789,325. This year many of these
drawbacks were absent, and with the roads maintaining
rates fairly well, as the result of the Presidents' agree-
ment and the organization of the Inter-State Railway
Association, the improvement has been as marked as
the previous year's loss. Not all the conditions werefavorable however. The mild winter weather while
beneficial to one set of roads was unfortunate to another
'
in restricting the demand and consumption of coal.
Then also the roads in the Northwest suffered heavily
by reason of the shortage of last year's yield of
spring wheat, some of these carrying very little corji
and thus not being in position to benefit from the
enlarged movement of the latter cereal. There wasbesides a falling off in the receipts of oats at a numberof points. The situation as to rates however was a
favoring element of large dimensions and one affecting
a wide extent of territory. Hence the improvement in
earnings has been in progress all through the year, as
may be seen from the following recapitulation of the
results by months.
GEOSS AND NET EARNINGS,
Qrois Earnings.
1889.
Jan. (88 rowls.) . 38.029,124
Feb. (95 roads).. 38.225.491
Moh. (97 roads). 42,511,9111
Apr. (»7 roads). 42,847.279
Mai (97 roads). . 44,750.133
Jane (97 roarts). 40,374.44'
i
33,437.161
37,158,629
40,334,328
41,!i80,869
12,8i0,16a
40,40S.0';6
Inc. or Dec.
+ 4,591,063
+ 1,066,885
+ 2,177,638
+ 1,366,410
+1,909,977
-31,886
Net Sarnin^f.
1889. 1888.
*I
*».499,510j 7,133,622 +2,365,88810,328,149' 9,763,07V +565,07013,185.2-l'll.307,31>o;+l,8<7,878
12,816,342,11,873,685
14,735,427,12,881,420
12,517,6781 12.60-l.26('
+942,657
+1,861,007
-180,688
This shows clearly that the tendency has been
steadily in the one direction. In addition, it should
be noted that out of nine groups of roads only two
groups report diminished net for the half year, all the
rest exhibiting improved results. It is signi ficant, too,
that the heaviest gain and the highest ratio of improve-
ment comes from the section where the change in the
situation as to rates between this year and last year is
most decided. We refer, of course, to the Northwestern
group, the net there having been added to in amountof nearly Si- million dollars, or almost 120 per cent, with
only three minor lines failing to share in the gain. TheFrancisco haviug suffered a loss in net, but on the other
I
Southwestern group and the Middle Western sectionnana the JJenver & Rio Grande and the Rio Grande ' have a much smaller increase, and yet reflect considerable
Adocst 17, 1889.J THE CHRONICLE. 19inimprovoinent. The coal roads have lost for the reason
already referred to, namely the mild weather and the
diminished demand for coal. The heaviest decrcasus
in net are by the Reading, the Lackawanna, and the
Western New York & Pennsylvania, while on tlie
other hand the Central of New Jersey, the Pittsburg
& Western, the Buffalo Rochester & Pittsburg, and
some of the Delaware & Hudson Canal leased lines, are
able to report better results than last year. As to the
loss on the Pacific group, it is only necessary to say that
the decrease is on the Union and Southern Pacific, and
that that section showed very heavy gaius last year at
the time when the other groups were showing losses.
The following is the summary by groups.
Trunk llnei (8)
Middle Western... (9
1
Northwestern (12)
Southwe-tern — ill)
Pacific systems— (17)
Boathern roads— (24)
Coal companies.. ..(10)1
Ela9tern& Middle.. (B)|
Mexican roads (2)
Oroaa Eaminga.
18Sg.
t8.S31.T18
1,736.«11
0.370.488
3,804,687
i.',828,058
4,487,830
3,487,688
1,015,74»
787,830
1888.
Total, 97 roads....! 40,374,440
Jan, 1 to July 1.
Trnnklines (11)
Middle Western.. (10
1
Northwestern (II)
Southwestern (12)
Facldc systems ....(171
Southern roads (25)
Ck>al companies.. .(15)
Kutern &.MIddle.ai)
Mexican roads (2)
Total, 111 roads ..
93,260,487
11,184,886
31,154,390
24,059,541
69,H64.2<8
29,85((,28l
26,061.958
18,104,404
4,953,9)0
292,802,20f
I
9,860,744
1.533,139
6,116.867
3,705,187
9,642,230
4,190,830
3,654,893
1,188,099
533,787
Net Eamingi.
I
2,210,380
638,038
8,103,888
656,801
3,812,873
1,120,817
1.144,208
292,043
231,186
1888.]Inc. or Dm.
»
-773,400
+201,687+738,237
+35,87»+2.19,1 l.i
—237,l)0:i
—481,382
-114,648
+231,935
2,083,769!
486,351
1,885,181
921,1261
3,573,757
1,383,720
'.,625,685
406,591
2,231
40,406.076 12,517,672 12,698,260 -180.588
93,249,259 28,205,108 27,877,638 +.-!2-,470
10,218.241 8.815.623 2,910,118 +905.504
20,045.681 10,071,680 4,nC0,984 f5,484,7ie
22,001,188 6,194,986 4,544,404 +1,650,502
52,492,168 16,908,730 17,878,398 -4S9.0BS
27,805.847 9,255,880 8,767,819 +4RS,211
28,135,368 9,175,717 9,935,568 -759.821
15,508,747 5,034,722 4,835,541 +199,181
4,066.266 1,834,182 1,001,463 +333,019
81.252,741 90,199,917 81,880,803 +8,6311,114
NOTE.—INCLITDED UNIJEK THE HE*D OF—Trunk Lines.
B. &0., Kast ot Ohio.B. so.. West of Ohio.Boston A AIbany.+Lake Shove * .Midi. So.tMich. Cent. « Can. So.tN. T. Cent. & Hudsun.+N. V. Chic. Si, It. l,.iul8.+
K. Y. Lake Krle ,t West.Ohio & .Mlsssl.'sslpl.
PennsyWan'a.Wabash Railway.
MiddU Western.Ohio, a, West Mlch.tCln. Jack. & Muck.Cleveland & Canton.Det. Bay City i. Alpena.Detroit Lans. A North.
+
Flint A Pere .Vlarciuette.Illinois Central.Lake Erie A Western.Scioto Valler.Toledo Col. A Cln."Toledo A Ohio Central.
Kfirthwestern.Chic. Bnrl. A North.Chic. Burl. & t,luincy.Lines com roll .-d.
Chic. Mil. A Si raul.Iowa Central.Keokuk k Western.Mil. L. «horc A Western,MllwHu^to A Northern.Uton. A St. Lriiilx.
Minn. St. 1-Hul A S. S. M.Wabash Western.Wisconsin C ntral.'
Southwotfrn.Atchls'.n Top. A S. Pe.JCentral Hr. L'nion l*ac.IJenver A llio t;rande.Den. t^outh Park A I'ac.Houston A Te.TUS Cent.
Kan. city Ft. S A Mem.+Lt?av. Top. & Southw'n.Man. Alma A Burt.Rio Grande Western.St. Jos. A Qd. Island.St. Loals A San Kran.San Antonio A Ar. Pass.
Pacific Systems.Calfornla Southern.Oanadian Pacific..Vorthern Pacific.Pre.'colt A /Vriz. Cent.So. Pac—Pac. System.«»I. Har. A S. A.Louis. Western.Morgan's Lh. A T.N. Y. Tex. A Mex.Texas A New Orlean?,
Union Pacific,^Mont-na Ui.lon.Opden A Syracuse.OrcKon lly. A NaT,Orejjon Short Line.Utah A Nevada.Utah A Northern.
Southern Roads.Cape Kear A Yad. Val.Central ol tieorRla.Ches. Ohio A Southw'n.Cin. N. O. A Tex Pac.New Orl. A Northeast.Vick.burjz A Meridian.VickfburK Sh. A Pac.
Kliz. Lex. A B. S.Kentucky Central.Louisville A Nashville..OUI.HV. N. t)rl. & Texas..Uemnhis A Charleston.Hol>ile A Ohio.t\ash. Chat. A St. IjOUIs.Norfolk A Western.Ohio River.
Petersburg.Richmond A Danville.Virgir-ia Midland.Char. Col. A Aug.Columbia A Greenville.West. Norlh Carolina.Wash. <). A W.
Rich. .V I'eter.'sburg.
Shenandoah Valley.
Coat Companies.Albany A Susiiuehanna.fBuff. Roch. A Pitts,t^enlrai of New .lersey.D. Ij. W.—leased llnes.+N. Y. A Canada +Phlla. A Itt^adlne.Pitts. Cleveland A Ti,l.
Pitts. Painesville A F.Pittsburg & Western.Renns. A Saratoga.+Summit Branch.Lykens Valley.
Syracuse Blng. A N. Y.+Western N. Y. A Penn.West VirKlnla Cent.
Eastern 4 Middle.Baltimore A Potomac,('amnen A Atlantic.Fitchbur*:.-!'.Manhattan Klevate'l.+N. Y. A New KnElan.1.+N. Y. Ontario A West.N. Y. Phila. A •«orfolk.+Northern Central,ijg (ensburg A L. Ch.+Slaten Island.West Jersey.
Mexican Roflda.Mexican Ceitral.Mexican National.
• For the month only.+ Included for the hilf-y^ar but not for the month.i Including n hole syot m.a'l bat Callfo nia Southern.1 Includiug that part of the system not separately fflven in this or other
Bections.
There have been some very important changes by
individual systems, and it is well to note some of these.
Thus the increase in net for the six months on the
Burlington & Quincy is 12,528,824, with $611,833
more on the lines controlled. Then there is an increase
of 11,38.3,796 by the St. Paul, $600,954 by the Illinois
Central, $326,738 by the Milwaukee Lake Shore &Western, $305,681 by the Burlington & Northern,
$714,006 by the Boston & Albany, 1399,179 by the
New York Central, $502,594 by the Atchison (includ-
ing all lines owned or controlled), $863,552 by the
Canadian Pacific, $797,754 by the Northern Pacific,
$484,406 by the Louisville & Nashville, $358,126 by the
Hou.ston & Texas Central on a smaller mileage,$366, 115
by the Mexican Central, and $466,904 by the MexicanNational. There are also a few companies with large
losses, namely the Southern Pacific with $1,267,750 (thewhole six roads), the Union Pacific (including the OregonNavigation and all other lines) with $574,502, the Read-ing with $346,830, the Lackawanna leased lines with$399,074, the Erie with $314,638, and the Lake Shorewith $365,537.
COTTOX PROGRESS AND PROSPECTS.Continuing the plan heretofore pursued by us of keeping
our readers informed as to the development and condition of
Ithe co'ttou plant during the more critical jieriod of iUi growth,
jwe have this week received from our varioug correspondents
at the South special returns covering the month of July. All
of our intiuiries have been very fully answered, and a careful
analysis of them warrants us in drawing the conclusions whichfollow.
• Of primary importance has been the weather, and on this
point our reports are very complete. It will be rememberedthat the rainfall in June was above the normal for that monthin almost all sections of the South, but the eflfect on the plant
was beneficial rather than otherwise. During July the pre-
cipitation has been excessive over the greater portion of the
Atlantic States, and in a lesser degree in the northern portions
of the Gulf States and in Tennessee. North Texas also experi-
enced a heavy rainfall in the first week of the month, but
since then the weather has been generally dry and forcing.
Only in districts of Virginia, the Carolinas and Tennessee is
injury to any extent claimed on account of too much rain.
The temperature has iu the main been satisfactory.
The plant has made good progress in development almost
everywhere. In the Atlantic States the early plantings are
fully up to last year, but later sowings are from a week to ten
days behind. In Arkansas cotton is not so well advanced as a
year ago, owing to so much more rain in the current season
Elsewhere, however, it is well matured, and on the Gulf andin Texas is stated to be in advance of last year in gro'wth.
There has been generally a steadv and in some cases rapid
improvement in condition during the month, and on the firs
of August the plant presented a strong and healthy appear
ance in by far the greater part of the South.
Cultivation has been thorough throughout the season when-ever the weather would permit of it, so that the fields are
clean, except where the rains towards the close of the monthprevented field work. We have received complaints of grass
in Virginia, the Carolinas and Tennessee, but none worth re-
porting elsewhere. A few bales of new cotton reached
market in July, the first Georgia bale making its appearance
at Albany on the 5th, and on the 23d the first Texas bale ar-
rived at Houston.
Our conclusion is that there has been an improvement in
cotton during July in all States except Tennessee, and that
the greatest advance has been in Texas and Arkansas. Theconditions since the first of August have been favo.able, as a
rule, except too much rain in the Carolinas; at a few point
in Texas rain is saitl to be needed. On the whole, there,
fore, the outlook is much more promising than at this time in
1888, and with favorable conditions from now on there is every
reason for anticipating a very good crop.
rFrom otu" own oorre»p indent. I
London, Saturday, AugiLst 3, 1889.
The London money market has during the past few day
had a foretaste of possible greater activity. During the week
ended Wednesday night gold amounting to £8"37,000 was with-
drawn from the Bank of England, nearly all of it for France.
On Tuesday the Paris exchange upon London fell to 25 '14, and
it was feared in consequence that the drain -was about to as-
sume formidable proportions. Indeed, it was reported that
arrangements had been made for withdrawing from the Bank
on the following day half a million sterling. On Wednesday,
however, the Paris exchange rose to 25'15, and as a result only
about a quarter of what was expected was taken out of the
Bank. On Thursday the Paris exchange rose further to 25-16,
and now it is anticipated that the drain is coming to an end
In some quarters it was believed that the Directors of the Bank
192 THE CHRONICLE. [Vol. XLIX.
of EnRland would raUe their rate of discount to 3 per cent,
but this wa, not done because the supply of unemployed
money in the outside nmrket is so large that the Bank could
not expect to influence that market powerfully. The
Directors, however, have beffun to borrow upan consols from
the other banks with the intention of lessening the oiitside
supply, and as Mr. Ooschen's redemption operations and the
outflow of coin and notes for the internal circulation, as wel
as the sliipmonts to Paris, are all drawing upon the market, it
is hope.1 that in a very short time the supply wiU be so lessened
that rates will rise nearly to the Bank level.
Those wlm are in a position to be well informed are ot
opinion now that tlw B.-rnk of France has obtained nearly as
much goUl as it re<iuire3. According to Thur.^days return it
holds now more than 50'^ millions sterling of the mstal, an m-
crMse since the first week in January of over 10 millions ster-
ling. The increase %ya3 necessary for several reasons. Firstly,
the Boulangists criticised s?verely the intervention of the Bank
of France at the time of the failure of the Comptoir d'Eseompte
and if the Boulangists were likely to win at the coming par-
liamentary elections, it would be expedient for the Bank of
France to be in a very strong position. The Departmental
elections last Sunday, however, show that the Boulangists are
much weaker than was supposed. And now the belief is gain-
ing ground in Paris that they will utterly faU at the Parlia-
mentary elections. Secondly, the contractors of the last Rus-
sian conversion loai wUl soon have to pay out large amounts
in gold. Tliat loan was for a little over 49 millions sterlmg,
and it is known that a large proportion of the bonds were not
converted; more particularly, the German holders refused to
convert. The redemption of the unconverted bonds is to begin
on the 15th of this month, and the operation is to continue for
about two months afterwards. To effect it safely it was neces-
sary for the contractors to provide themselves with a very
large amount of gold, and it is believed now that they have
got as much as they require. Lastly, the nations forming the
Latin Union can, if they please, give notice of withdrawal
from t!ie Union at the end of this year, and the Directors of
the Bank of France think it desirable to make the Bank very
strong in prepiration for that contingency. They ought, how-
ever, now to feel themselves strong enough.
With regard to the future it is probable that much of the
gold now gone to France will be remitted to Germany andEngland in the course of the nest two months. That will, of
course, tend to relieve the London and Berlin money markets.
But on the other hand the activity of trade here at home will
lead thi'oughout the rest of the year to a large ijxpansion of
the internal circulation, while there are fears that gold mayhe taken from London for Spain, the Argentine Republic andpossibly also New York. With regard to Spain it is certain
that the financial difficulties of the Government are verygreat, and that it is negotiating in Paris and London for a
loan. The reptirt mentioned last week is still current that theGovernment has actually succeeded in arranging for a loan,
but it is said that the amount taken firm is only 4 millions
sterling, instead of 9 millions, as was previously reported, andthat the option is only for 8 millions sterling altogether. If
the report proves correct, there is no doubt that considerablegold will be taken by Spam. As for the United States, youare in a better position to judge than anybody here in Londoncan be whether gold will be required or not. But respectingthe Argentine Republic, it is certain that the Fmance Ministerwill do all that lies in his power to obtain gold.There is little to report concerning the silver market. The
supply of the metal is very small, and consequently a slightincrease in the demand, it is said for India, has caused anadvance of 3-16d., to 423^d. per ounce, but the amount ofbusiness doing is slight.
On Wednesday the Chancellor of the Exchequer introducedhis promised bill for the re-coinage of light gold com?. Themeasure is to apply only to the light sovereigns and half-sovereigns coined in the i-eigns preceding the pr^sent. It isestimated that the value of the light sovereigns of formerreigns is £4.299.000 and that of the half-sovereigns £157,000,and the cost of calling in and re-coining these is estimated at£W.OOO. But in the current financial year it is expected thaton'y about £50,000 will have to be expended.The dividends announced by the English railway companies,
B ) far for the first half of the current year are highly satis-fa -tory. Tliey show that as yet the rise in wages and priceshas not materially increased the working expenses, and
consequently that the companies have benefitted by almost the
whole increase of traffic due to the improvement in trade.
Of thirteen companies that have already announced their
dividends two i)ay 1J4 per cent more than at thisi time last
year, one pays 1 per cent more, three pay % per cent more,
two J^ per cent more, and two J^ per cent moi'e, while three
pay the same rate as at this time last year. In most cases,
too, the companies carry forward to the new half-year larger
b-ilances than twelve months ago. The two largest of our
companies have not yet announced their dividends, and the
half-year of the Scotch railway companies did not end till the
31st of July, whereas the English half-year ends on the 30th
of June. Several Irish companies also pay higher dividends
than twelve months ago.
The American Salt Company brought out here last weekwas very coldly received, but the issue of American brewery
companies goes merrily on. This week we have had a fresh
one.
Although most of the great operators are at present absent
from the city, and business on the Stock Exchange is in con-
sequence inactive, the state of feeling has entirely changed.
Now it is expected that we shall soon see a marked recovery in
all departments, and an exceedingly active business. Last
week there was an actual "boom"' in the market for homerailway stocks, partly due to the good dividend announce-
ments, partly to the reports that the directors of several com-panies are about to divide the ordinary stocks into preferred
and deferred, and partly to the scarcity of stock at the fort-
nightly settlement. The flurry in the money mai'ket this
week has caused prices to decline, but it is thought that there
will quickly be a considerable recovery. South African gold
shares are likewise rising, the crushing at the mines being
very favorable, and new discoveries being constantly reported.
Nitrate securities, too, are advancing. And it is exfjected that
we shall very soon witness a sharp advance in international
securities. The political apprehensions that have prevailed for
some time have quite disappeared. Everyone is now convinced
that peace is assured, at least for this year. The GermanEmperor has arrived in this country. When he returns to
BerUn he will receive the Austrian Emperor, and later in the
month the Czar will paj his return visit at Berlin. At the
Mansion House banquet on Wednesday Lord SaUsbury madea speech which has been very favorably received at home and
abroad, as he expressed his belief that peace will be main-
tained. The Prince of Montenegro has also made reassuring
declarations, and King Milan's return to Servia is regarded as
a further guarantee against disturbance. Besides all tliis, it is
known that the gi'eat houses in London and upon the Conti-
nent have entered into large engagements which make it
incumbent on them to support the markets.
As already stated, it is believed that a Spanish loan is soon
coming out; when the redemption of the Russian loans already
offered for conversion is completed it is said that a new Rus-
sian loan will be offered; and it is thought likely that there
win likewise be an Italian loan; while it seems certain that in
October the Egyptian conversion will really be carried out.
Then again, we are to have in about two months the bringing
out of the new Persian Bank, which is to be based upon a con-
cession from the Shah, and is to have an English charter. Its
capital is to be 4 millions sterUng, and it is to caiTy on indus-
trial business as well as banking business proper. The Sas-
soons and other great houses connected with the East are
among the promoters, and it is assumed that they must be
satisfied that the enterprise will be profitable. No doubt in
the long run the opening up of Persia will prove iirofitable,
but it may be doubted whether so poor and backward a coun-
try offers a great field immediately for exploitation. Lastly,
the belief now generally entertained that General Bouianger
will be utterly defeated at the coming French elections
strengthens the expectation that we are about to witness a de-
cided recovery in the market for international securities. The
upward movement once begun wUl, of course, extend to all
departments of the market, but though there is a decided in-
clination here to assist in ,every effort that may be made in
New York to advance the prices of American railroad securi-
ties, there is very little disposition to take the lead. It will
depend, therefore, upon New York whether business in the
American market is active or not during the remainder of the
year.
Since last Saturday the weather has greatly improved, hav-
ing been bright and hot without any showers. The reports
AuacsT 17, 1889.J THE CHRONICLR 198
from the agricultural districts, therefore, are much more en
couraging. Harvesting has begun in variou.s parts of England
and elsewhere the wheat is rapidly ripening. In consequence
the market has been dull and prices have slightly receded.
The Bank rate of discount and open market rates at the c'.iiof
Continental cities now and for the previous three weeks have
been as follows:
Batet of
Intirat at
Auguit 2.
Bank OpenHate. 'Markei
FariaBerlin
FrankfortHamburitAmBterdamBrnsaels
Madrid .
Vienna
Bt. PetersbnrK.
Coponbagen
3
3
3
3
2ii
;i
4
4
2«8
8
1«8«iH
s^6
3
July 26.
BankHate.
3
3
3
3
2W3
4
4
6
3
OpenMarket
8
2
iU
3%
Julu 18.
BankHale.
3
3
3
8
3«3
4
4
6
3
OpenMarket
2'X
8
2H3
2H2%S^
Jull/ 12.
Bank OpenHate. I«nrke(
3
3
3
3X3
4
4
2W1><|
1«IX
3>ii
The following return show-s the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years:
Olroolatlon
Pablio deposits
Other deposits
QoTernmen t securities
Other seoarltles
Beserreof notes and coin
Coin and bullion
Prop, assets to liabilities p. 0.
Bank rate
Consols
Olearlng-Bonae return
IK-O. 1888.
£28,495.990
5.387,00
27.939.837
19.214.923
19.958.968
12.251.B38:
21.517,638
3«"^
i\4 P. 0.
9iiM
157,123,000'
£23.240.940
3.887,463
28.285,906
18,71-.S28|
11,5112,085
20,60,1.025'
39K2ii p. 0.
69«154,595,000
1887.
£25.583.315
3,169,04 >
25,782,805
10,597,172
10,294,791
11,121,18a
20,961,634
3-iH
3p,0.
1886.
£23.807,700
3.337,301
24.704,506
14,810,855
19.851,401
11.487.821
21.545.524
40X2KP.C
117,2M,0ai 180,803.001
Messrs. Pixlej & Abell write as follows on the state of the
bullion market
:
Golfl—There has tieen a soort inciuirir for gn\'\ and all arrivals haveboeu readily iluced for the Contiue.ir. Tlie Bank has .lold diirinj? thoweek .£753,000, and all but S50,000 has been In b'reuch gold coin.M'o have reeeived from Calcutta J£2i),0U0 aud Ausiralia. £5,000—or atotal of i;3J,0o0. The shipments have been to Bomb.a.v, i;87.1(>0.
Silver fell ai the end of last week to 423,,(<l., but at this tlgiiro there weremore l>U3 ers than sellers. An ailvance speeddy took plaeo to 425iQd.,and even at this priee Minplus wore sennty. Price to-day, 42%d. 'Ih.i
£114,000, ex Brltanida, from Chile, snid to have airlved here, is not yetIn England, but will probably be dealt with by Tuesday next. ili>,600has come from New York and we have shipped J830t),o60 to Bombay.Mexican Dollars are scarce and last prities remain iinmiDally unaltered.
There has been cxiiorted to J'euang and Mhanghal, ii4ti,000.
The following shows the imports of cereal products into
United Kingdom during the first forty-eight weeks of
season compared with previous seasons:
IMPORTS.1887-8
tho
the
1888-P.Wheat owt. 5.=.,lii0,791
Barley 17,974,100Oat« 15,462,42SPeas 2,153.810Beans 2.918.732Indian corn 211,574,' 53Flour 13,317,277
45,842,53318,372,15216,665,188
1886-7.49,419,30315.:i98,6;1912,7:)(i,20U
2,S40,751 • 2,385,8812,549,128 2,416,028
22.180,«6l 2^,239,17417,187,146 15,705,736
1885-45.699,9 655,9,854,1,918,2,S59,
2S,M36,13,272,
3639723013U0253C:i2
,321
Supplies of wheat avaihible for consumption (exclusive of
stocks on September 1):
1888-9. 1887-8. 1886-7. 188.5-6.Impertsofwheat.cwt. 55,100,794 45,842,533 49,419,303 45,699,363Imports of Hour 13,317,277 17,187,146 15,705,736 13,272,321Bales of home-grown. 31,125.632 36,584,125 30,510,435 39,397.214
Total 102,513,703 99,613,804 95,665,474 98,368,8981888-9. 1887-8. 1886-7. 1885-6.
Aver, price wheat week. 3O3. od. 32a. 6d. "Is. 34. 323. 01.Aver, price wheat aeaaou. 30a. 8d. 303. 7d. 33s. Id. 3Js. 9d.
The following shows the quantities
maize afloat to the United Kingdom:Thia ire^k. Lniti week.
qrs. 1.549,000 1,519,000
of wheat, flour and
WlicatFlour, eijuul to qrsMaize uis.
200.000524,000
199.50051.2,500
lass.1,793,000184.000395,500
1S'*7.1,897,500130.500384,500
EnsllNli Financial Itlarkcta—Per Cable.
The daily clasing quotations for securities, &c., at Londonare reported by cable as follows for the week ending Aug. 16:
Loudon.
Silver, per oz d.Con8olB,new 2%perct8.
do for accountFr'eh rentes (in Parla) fr.
V. 8. 413a of 1891U. 8. 48 of 1907Canadian FaciUcChic. Mil. & St. Paul....Erie common stockIllinois CentralPennsylvaniaFliiladelphia & P^ading.New York Central
Sat. Motl. Tues. Wed. Thurt. FH.
425,0 42^8 423a 425,8 425,8 426,898i,a 9,1,8 98:,
e
98:!,„ 98ii8 981,89S3,„ 9S:i,e 983,9 9b5„, ns-i,„ 98.-i,.,
8512% 85-30 85-40 85-4/12 85-47i2 85-J7i«109 109 109 109 109 109'
I
I3II4 131 >4 131I4 13114 I3II4 13161>« 627,1 62% 627,, 631a 631a7414 74 >4 741a 73^ 7378 737a28 2838 28% •zs^a 29 14 29 13
12113 122 123 xl20 iigis 119%53 -le 53 13 541a 64 54 '8 54 14
231s 2314 2318 23 23% 22781091s 110 II014 lioia 1097s 109%
C^ammercial »u& M'iaczUnneovis MtvoB
National Banks.—The following National Banks haverecently been organized
:
4,089—The First National Bank of AInawo-tli, Nelirask*. Capital.i(!50,000. F. B. Tiffany, President; C. (J. Alton, Cashier.
4,000—The Btatc National Bunk of Frankfort. Kentucky. Cupital,$150,000. Fayette Ilewllt, Presllont; Chas. K. Uoge, Cashier.
Imports and Exports for the Week.—The imports oflast week, compared with those of the preceding week, showan increase in dry goods and a decrease in general merchandise.The total imports were $9,461,863, against ^»,77»,379 thepreceding week and $10,638,42.1 two weeks previous. Theexports for the week ended August 13 amounted to $6,077,02.3,
against f6,764,59.i last week and $.">,893,7-20 two weeks previous.The following are tlie inipoi-ts at Now York for tho week end-ing (for dry goods) August 8 and for the week ending (for
general merchandise) August 9; also, totals since the begin-ning of the first week in January,
FOBEION IMi'OBTS AT NEW TORK.
For Week.
Dry GoodsOeu'l mer'dise..
TotalSince Jan. 1.
Dry OoodaQen'l mer'dise..
1886. 1887, 1888. 1889.
$2,731,0265,241,061
$7,972,090
If3,185,997i7,006,180,
$2.»6-2,221'4,287,552
^2,990,2326,462.031
$10,192,183 $7,249,773' $0,461,863
IP72 184,0O3i 76,558,998! »81.601.r,70 »a 1,722,381195,123,668j 215,296,503 210,326,863 225,941,330
rotal 32 weeks.l$267,307,67l!$291,855,50l!$291,928,232 $310,063,711
In our report of the dry goods trade will be found theirnports of dry goods for one week later.
The following is a statement of tho exports (exclusive ofspecie) from tho port of New York to foreign ports for theweek ending August 13 and from January 1 to date:
EXPORTS FROM NEW YORK FOR TUB WKF.K.
For the week....Prev. reported..
Total 33 wceke.
1886.
#5,549,616185^141,131
*190,990,77';
1887. 1888. 1889.
.*6.769,43l $l,l!!50,lC2181,342,538 173,132,223
$188,111,972;$177,982,325
*6,077,02.'S202,564.789
^208,641,814
The following table sliows the exports and imports of specieat the port of New York for the week ending August 10 andsince January 1, 1889, and tor the corresponding periods in1888 and 1887:
E.\PORTS AND IMPORTS OP SPECIE AT NEW YORK.
Sold.
Sreat Britain.
,
PranceQernianyWest Indies..
.
Mexico.3odth AmericaAll other countries.
,
Total 1889 .
Total 1888 .
Total 1887 .
Exports. Import!.
Week. Since Jan.\.\ Week.
(?2,000 ?17.319,01427,718.805
I4,173
3.5001 4,232,:«)U
I
26,.5009^, "00 1,831,642
76,200
$104,000 $16,230,05426,000 18,645.23089.5431 6,183.281
$19,300
740
'3,°38
$23.87>-7,1-07
881,141
Si>iceJan.V
*3S0,5611,461,8041,819,352130,81538,249
112,447534,273
$4,507,5014,539,5168,028,960
SUter.Szportt. Import:
Week. SinceJan. 1. Week. Since Jan.1,
$503,5505,000
#11.730,154158,300
1.075137,201
lio'.oko180,751
9"9732,184'
$77,865598
Germany...,. ........ 973100,37245,752
South AmericaUl other countries...
40,513646,527
Total 1889Total 1888Total 1887
$508,5504-J9,3O0231,651
$12,317,5217,335.9586,528,771
$3,li57|l.:j02
49,263'
$912,6001.144,1971,380,455
Of the above imports for the weak in 1889 §1,300 wereAmerican gold coin and $-274 American silver coin. Of theexports during the same time $102,000 were American gold coin.
—Messrs. Y'oimg & Nelson, whose card appears in theChronicle, have just issued a neatly pi-inted list of Invest-
ment Bonds for the use of theii- customers and friends. It
embraces a selected list of railroad and other securities, givingthe return on investment if held till maturity.
NEW York City Banks, 1^<"" '*"« "<"«
Boston a.nd Piiii-AnELpniA Banks, >- '"*"'' «" P"!'
Foreign Trai>e of N. Y. -Monthly Statement. ) 203.
Auction Sales.—The following were recently sold at auction
bv Messrs. Adrian H. MuUer & Son :
Shares.22 United Ni-w Jersey KK,
& Canal Co 233%50 Newark (N.J.) Gas-Light
Co 206>«8 Nat. Bank of Commerce 201 "s
100 Metropolitan Trust Co ..225ie100 Long Island Loan & Tr.
Co 17520 Germania Fire Irs. Co. ..17020Maiiufactnreis' National
Bank of New Y'ork 165 >«
Sharer.33 Central RR. A Banking
Co. ot CicorglH 1162A8l)Ury Paik Nat. Bank 100
10 New York Fin- Ins. Co. .. 8535 Ninth Sntioniil B.ink....l50HSON. Y. Fi-ov. i Bos. RU...247 .
Hun tig.
:«.1.000 Brooklrn .Vnne.^ R'yCo. lat 6s. gidd. 1917 5
$500 Worcester RK. Co. 4s,
1896 100
194 THE CHRONJtCLE. IVOL, XLIZ.
Jhc Sawluers' (§^zttU*
DI VIDERDSiThe tollowlDK dividend* have reoently heen annonneed
;
irani< of Oompanf.Ptr WhenOent. 'Payable,
Ballrondri.Delaware & lumud tirook (qtiar.) '
IJlBeMUuuUqimi-.) ' iHtn.Uonicb. Wilt, pref »
North rciiii.«}lviiiiiii (qiiar.) ^
nlarrllanrous,Adam» Ejtpreii8(guar,).., • a
Btandard Oa« Uitat pref, (guar.) l 1
lAug.IBept.]AiiK.Aug.
Bept.lAug.
Boolu Cloud,(Dayt inclmive)
15Au(?,llto-——
-
1 Sept. 1 to Sept. 1015 Aug, 15 to Aus. IS
24 Aug, 15 to Aug. 19
I'Aug,31 Aug.
17 to Sept. 225 to Sept. 1
\V.tl.l, (4TREET, rRIDAY, Abb.
The Money Market and Financial
16, 1SSB.-5 P- 31.
Situation.—After
the little spurt of activity noticed last week our stock market
has again relapsed into a midsummer dulness, with prices of
Kone stocks a trifle easier. But still there is a strong under-
tone of confldence, and the majority of people in and around
"Wall Street seem to think that the outlook for the fall season
iagood. They have the large crops to backup their argu-
ment, and all of the main cereal crops except corn are now
practically assured, while com has done exceedingly well up
to this date and cotton is also very promising in the larger
part of the cotton area. In mentioning last week the compar-
ative prices of grain for August delivery last year and this the
price of wheat this month was printed 831^ instead of 85i^,
and the percentage of decline from August, 1888, should have
been stated as about 9 per cent.
Some new events are quietly transpiring in railroad affahs
which have a more or less important bearing, and this week
we may mention the agreement between the Denver & Rio
Grande and the Colorado Midland to build together the con-
necting line of 64 miles to join the Rio Grande Western and
form a through standard gauge route between Denver and
Ogden; there was for a long time fear of dissensions and tlie
possibility that a new and rival Una might be attempted, but
negotiation has finally triumphed over any inclination to hos-
tility, and the settlement is worth a good deal to the stock and
bondholders of all the companies involved.
Atchison affairs have developed nothing absolutely new; the
Messrs. Baring and their representatives here are, we have
reason to believe, thoroughly loyal to the company and deter-
mined to do everything for it, so that all reports to the con-
trary are mere false and idle rumors; on the other hand it maybe true that President Strong wiU retire, and in any event, it is
palpable that Atcliison in the end must depend on its earnings,
wliich in the ciuTent six months are expected by the manage-ment to show handsomely.
There is published to-day in the Chronicle a full account ofthe successive negotiations which have taken place in M. K. &T. affairs looking to reorganization.The open market rates for call loans during the week on
stock and bond collaterals have ranged from 2 to 5 per cent,and to-day the rates were 3@4 per cent. Prime commercialpaper is quoted at 4'(.^@o% per cent.The Bank of England weekly statement on Thursday showed
a gain in specie of £29,000, and the percentage of reserve toliabilities was 37-17, against 36-18 last week; the discount rateremains imchanged at 3 per cent. The Bank of France gained37,443,000 francsm gold and 1,650,000 francs in silver.The New York Clearing House banks in their statement of
August 10 showed a decrease in surplus reserve of §1,423,050the total surplus being §6,793,135, against §8,216,175 the pre-vious week.The foliowmg table shows the changes from the previous
week and a comparison with the two preceding years in theaverages of the New York Clearing House banks :
OapttalBuriilusLoans aud dlsc'ts.SiieclcClrciilatiiin^'et ili'ixisita
t#gal tfudere
tiegal reserveHeierve held
1889.iug. 10.
60,762,54,630
414,r)4572,588
'432,50342,330
108.125,114,918
Diffr'ne't fr'm-Frtv. Week.
,700,100,8O0Inc.l,52i,2o6,300 Deo. 572,500,2U0IilP, 3,300, ,
.100 Dcc.l,988,-20() 416,519,1006001)60,1 ~
1888.Aug. 11.
1887.A-ug. 13.
60,762,70049,666,600;
385,791,100 35288.85-2,700, 70",672,;^0O 8,
,775 Dec,1,900 Dec. 1
3i7,600| 39;383;906
497,050 104,129,775.920,100;1'28,236,600
35222
88,92
Surplns reserve..I 6,793.125'Dec.l,423,05o| 24,106,825
,925,800.354,100.087,000,743,900.565,500
:.] 85,975i,9 19,600
4,733,625Exchnngp.—There has been no increase in the demand for
sterling e.xchange and the market remains dull. The tone hisbeen rather weak, esi^cially for long bills, short being bette?held ID consequence ot the continued high rates for diloountsat London; but money has also ruled higher here. Commer-
cil'Sr4'8"5.Sncn8r'^-^'^'^^ -'- todayrr
To-day the rates on actual business were as follows, viz.
:
Bankers' 60 days' sterling, 4 84i^(g484J^; demand, 4 87J^@
4 873^. Cables, 4 873^@4 88. Commercial bills were 4 833^.Continental bills were: Francs, 5 20,«5 193g and 5 16;^;reichsmarks, 94J4' and 95J4; guilders, 403,g and ^OSg.
The rates of leading bankers are as follows:
Augvsl 16.
Prime bankers' sterling bills on London.Prime commercialDocumentary commercialParis (fraucs)Amsterilam (Kuilders)Frankfort or Bremen (relchmarks)
Sixty Day. Demana.
4 80^ 4 884 831434 83124 3314S4 8.1^5 20 ®5 19%,5 16''8®5 16%401ig*40'i6 40'>i„®403894%-a94Te
I
95i4®9538
The following were the rates of domestic exchange on NewYork at the under-mentioned cities to-day: Savannah, buying1-16 discount, selling 3^ premium; Charleston, buying par,selling 3r premium; New Orleans, commercial, 50c. pre-
mium; bank, |1 25 premium; St. Louis, 25c. discount;Chicago, 60c. discount.
United States Bonds.—There has been but one lot of Gov-ernment bonds sold at the Stock Exchange this week andprices are unchanged. The purchases by the Treasury haveincluded several amounts of 4s, which were offered at 128,
the total acceptances being §411,850 for the week.The statement for this week is as follows;
Saturday ...
MondayTuesdayWedn'sday.Thursday...
Friday
Total. . ..
Since July 1
*H Per Cent) due 1891.
Offerings.
^91.000
153,000
3?,000
341,000
Purch'es.
»51,0O0
192,000
38,000
211,100
4,533,650
Prices paid.
106JI
106j^
lOflJ*
108%lOB^-108^
4 Per Centt due 1907.
Offerings. Purch'ea. PriceipcM
160,000
55,000
00,850
35,000
30,000
$10,000
5,' 00
60,850
35,000
30,000
na12s
128
128
128
270,S50 17O.S50
194,850
128
127«-I28
The closing prices at the N, Y, Board have been as follows ;
ilnlerestl Aug.\ Periods] 10.
Aiig.12.
Avg.13.
4128,1891. ..
412S, 1891. ..
4s, 19074b, 190768, cui'cy,'95.6s, cui''cy,'96.6s, cur'cj','97.6s, cur'cy,'98.6s, cur'cy,'99.
...reg. Q.-Mcb.:* 10534
.coup. Q.-Mch. 'loe'e
...reg. Q.-,Tan .1*128
..ooup. Q.-Jan. *128. ,T. & .T.
•
Aug.14.
Aug.15.
Atig.16.
.reg..reg. J. & J...leg. J. & J...reg. J. & J...reg. J. & J.
118121124127130
105%*10534lOO'^s'loe^a128 ,'128
*128 i''128*118 i-llS ;
•121 i*121 .
*124 ,»124*127 1*127'130 nso
•10534 '10334 *105%*106''8 *108''8 *106''8*128 •128 *128*123
, 128 ,*123118 '118 ,*118*121 *121 *121*l-24 *124 *124*127 *127 *127*130 *130 *130
' TMa is the pi-ice bid at the morning board ; no sale was made.
State and Railroad Bonds.—The dealings in State bondshave been very limited this week,few leading classes are as follows:
To-day's quotations for aLouisiana consol 4s, 89;
127; South Caro-lina 6s, non-fundable, 4; Tennessee settlement 63, 106; do5s, 102; do. 8s, 72^^8; Virginia 6s deferred, trust receipts, 7.
Railroad bonds have been rather dull and the market hashad no special feature. The tone has been irregular and nodecided tendency in either direction has prevailed. Therewas quite an advance in Ohio Indiana & Western firsts.
Railroad aud Miscellaneous Stocks.—There has been a mod-erate reaction in the stock market this week, aud latterly thebusiness has fallen off considerably from the large totals whichwere the i-ule for a number of days. This is not due, how-ever, to any unfavorable developments or news, but thefirst effects of the bull raovernent having spent themselves andseveral stocks having made quite heavy advances, a reactionwas natural. There has been no important bearish pressureand it does not appear that there is any material change in thegeneral sentiment, which has beet conservatively bullish for
some time. There has been little or no news of a natureto affect prices, and consequently fluctuations havenot been great. The London demand impi-oved some-what this week, and fair support was given by foreignpurchases in| the first few days. In the early part ofthe week the activity was continued, and prices were gen-erally strong. Wabash preferred advanced on large dealings,as a consequence of the successful reorganization and thepresent good earnings. Chicago & Eastei-n Illinois also had avery sliarp advance which was not clearly explained, andmuch of the improvement was lost afterward; there was thestandard rumor (occasionally circulated of half the roads inIndiana and Illinois) that the C. & E. 111. was going into the"Big Four" consolidation, and also that other excellent ru-
mor that " the Vanderbilts were buying." During the pastfew days Chesapeake & Ohio stocks have not been quite asstrong and active, and have experienced a slight reaction.Among the grangers Rock Island developed some strength
at times, but otherwise these stocks have been featurelessand are little changed. Atchison has been fairly activethroughout and quite weak on reports that President Strongwould probably resign soon, recovering somewhat to day.The business in trust stocks has been rather limited, and the
only feature was a further decline in sugar trust on the appli-
cation by the receiver of the North River Refining Companyfor an injunction restraining the payment of dividends, inwhich suit decision was reserved.To-day (Friday) the market continued dull, but a better tone
prevailed and the close was strong.
AOQUST 17. 1889.J THE CHRONICLE. 195
STOCKS—PRICES AT N. Y. STOCK EXCHANGE FOB WEEK ENDING AUG. 16, AND SINCE JAN; 1, 1888.
STOCKS.
HIGHEST AKD LOWEST PRIOES
Saturday.Au>;. 10
.
08»e1036*13598>975
i»7'a•12 la
•341a•34U*i)67458
102'!8 10314^ 15
145»8 140*icn»*47>4
10*72*a3*!'3
•3^US20'404%
23107424964%
11820 '4
65 Is
1031( 104'4
Active Kit. Stocks,AU'bisou Top. & Santa l'"e 37'9 38'4AtlBiUlc .fe I'iicltlc *0 OhiCauadian Paeillc 60U 00 «4
Canada Southeni 53 53Central of New Jersey 112'4 112%Central I'acHic '35 36Cliesapeak'! &0.—Vot.Tr.cort. 25 'a 20 14
Do do latprer.. 09 09'4Do do 2dpref... 42 'e 42'%
Cbicago Biuiiiiifton .t Qiiiney. UH'ft 104'2CUlcago * Kasterii llUuois 45^% 45ia
Do pref... 104 104ClileaKoMllwauUco&Sf.Paiil. 72 72ia
Do pref. 112% 1127eChicago & Northwe.stern 1 1 1 0>2 1 10%
Do pref. •Ill "a 142Chicago Rock Island & Pacific.
Chicago St. I.oitla & Pittsburg.Do J"""'-
Chicago St. Paul Mlu & CJm. .
.
Do prof.Clcvc. Cinein. ClUc. & St. L..
Do pref.Coliimbu.s Hocking Val. &Tol.Delaware I.ackawauna «WestDenver& Rio G., aaseasm' t pd.
Do pref.Denv. Tex. & Ft. \V., Vot. cert.
East Tcuneasee Va. & GaDo 1st prof.Do 2d pref.
Eyansvllle it Terro HauteGreen Hay Winona & St. Paul.Dlinois CentralLake Erie Sc Western
Do profLake Shore & Mich. Southern.Long IslandLouisville & NashvilleLoula. New .\lb. & Chicago ...
Manhattan Elevated, cousol..Micliiitan CentralJIUwauKee Lake Sh. & West.
.
Do prefMissouri Kansas & TexasMissouri PacificMobile* OhioNashv.Chattanooga&St.Louls 95 asNew York Central &UU(l.son. 107 107New York Chic. iSi St. Louis... *I,G'.2 17'4
Do l.stpref. *(i5Do 2d pref. •34
New York Lake Erie & Wost'u 2714Do pref. 'ttH'fi
Sew York & New England 50%New Y'ork Outarlo & West. . . . 1733New Y'ork Susquehau. & West. *8
Do pref. •33Norfolk & Western 16
Do pref 'SUiNorthern Pacific 29%
Do pref 67Ohio & Mississippi 22i2Oregon Short Lino *45Oregon &Tran.s-Coutlnental.. 3355 33%Peoria Decatur it Evansville. *22'2 24Phlla.it Read. Vot. Trust. Cert. 45 45iaRichmondifcWestP't Terminal 23I4 23 "s
Do pref. 811% 80%Borne Watertown&Ocden.sb'g 'QS 101St. Louis & San Francisco *28 28 Ja
Do pref. 59»2 59%Do 1st pref. *lio 112
Monday.Aug. 12.
38
60 »«53 14
II2I235253967%4II3
IO41445%104 'a
72%
38^6%
fll'a
53%112%3520%6942%
104'849'4
107 "a72%
9308 14'38•9688 la90112
lOia72 la
94694198891394
1131a10%73 14
683527%671a5II417%
34105229%67%22%
8t, Paul &Duluth\•30 34
61%16%30%70 la
2787
02 14I7I831%717s
581a278714
Do pref •84 88St. Paul Minnap. & Manitoba. lOOia tOlTexas 16 Pacific 21i« 21i6Union Pacific —Wabash St. Louis & Pacific...
Do pref.Wheeling & Lake Erie, pref.
.
ITIIiicellaiiooUK Stocks,Chicago Gas Trust ' 3314Colorado Coal it IronConsolidated Gas CoDelaware & Hudson CanalOregon improvement Co
[
"54" 54"Do pref. 94 94
Oregon R'y & Navigation Co. 9(514 98i«Pacific Mail 3,-,io 3.53,Pullman Palace Car Co I8OI0 180%Western Union Telegraph
! 83% 86Jxpress Stocks.
i
Adams I
1501a 150iaAmerican II714II8United States [ *go 91Wells, Fargo &Co i*13S 142
Inactive Stocks.American Tel. & Cable CoCiucinnati «'a.sh. & Bait..
Do do pref..Iowa Central
Do prefMinn. & St. Louis, prefNew York New Ilav. it Hart. *245 255Ohio Indiana it Western 9% 9%Pittsburg it Western, pref.Itichmonil it Alloghany...St. Ivouis Alton it Terre Haute.South<ru Pacific CoTol. Ann Arbor & N. MWisconsin Central Co.Tennessci' Coal & Iron 40Trust Mocks, dec. (Unlisted.)Sugar Ufllncriis Co loss's 110%National I.cadTrust 2^''a 24%American Colton Oil Trust. . 53% 5378.Southern Cotton Oil Co 74% 74%Distillers' it Cattle F. Trnst.. 46% 46%Auiencan CattleTnist 'lO 18Pipe I.iiic < 'I*ltilif:^trw^ ' 99.% ir>Pn
110% 111%'141% 14298% 9979•12% 1035% 35%34% 34%97% 9973 75%102% 103%15 15
146 140%•17 18•47% 48%22% 2i:%9% 9%72% 72%•23 24•93 964% 4'8
xll5%115''819% 2OI46478 65%104% 104%•93 9469 09%
•.17 4297 9888^8 8993 93%112 11210% 10%73% 73%13 I41490 98107 14 IO714"10% 17%67% 6835 3627% 28
SO'a 517817% 17798% 8%33% 33%•1514 1752 52%29% 29%67% 67%22% 22%50 5033% 34%23% 23%4478 45%23% 237381 8198 10127 28•5914 60111 11130 34•84 88101 10121% 21%6178 62%17% 1832 14 33%71% 7178
Tuesday.Aug. iS.
Wcdneiday,Aug. 14.
Thursday,Aug. 15.
37%*66153112•35%25%6741%103%46%10471%
II2141101414298%15•35
38%6%61%53%112%30257,07%41%101%48%107%]72%
II211'I U '..
14-.;'1
99%1537
58%26%87%
592787%
98 9873% 747h
10178 102%14% M'l
145%ll(i'i17% 17%•48 49•22 2310 1072 72•22% 24'93 96%4% 4%
iio%iioi.719 19%l63% 647^'
104% 104%93% 94 i
69% 70%!•37 42 I
*95 96%38% 88%!'92 94 I
111 111%11 III472% 731413% 13%•97 98107% IO714•16% 17%•67 68
1
•36 30%27% 28%|68% 69
I
5078 5179:1779 188% 8%i
33 3415% 101452% 5329% 30%6714 6823 2348 48
,
33% 34%•22% 23%44% 45%23% 24 ,
81 8II498 100%'"
27%5978
38^8 37%« 6 I
60% 60%I
53 53 I
112 112%35% 35%25 25%,6614 67 1
10% 41 i
103% 104 14,
47% 47%101% 105%71% 72%;112 112 '.
109% 110%'112 14498% «9%:12 15'36 393379 3498 9873% 74%101% 102147s 15
1 I514 145%•1714 I8I4•47% 48%2214 221.1
no 10%•71% 73•22% 24•93 964% 4%
115% 115%•18% 19%63% 64 14
104 IO41493 94%09% 70•38 4295 9788% 88%91 91110 11311 1171% 72%13 14-96 99107 107
Friday,Aug. 16.
Bales- of the
i Week,Shares.
'1668
1768
•27•59
54%•9498%35%18086
149116%9014138
559698%35%180%86%|
152116%91143
'109 111-30 34•84 88'100 1012II4 21%6I73 62%'I714 18 I
32% 33%70% 71%;
SS's 59%'26% 2678*87 87%'116% I471454% 54%94 14 94 14
97 98%35% 36
'179 18185% 86
'34% 36%2779 28%68I4 68I4
50% 51 14
17% 17%*8i4 8%33 34I6I4 16%53 54%29I4 29%07 67%2214 23*45 5033% 34%21% 2344% 4523% 23%-80% 81%100 10026% 27%59% 59%109 111'30% 3482 87101% 10221 21%01% 02 14I7I4 17%32% 33%09% 70%
I
59142687%147'53%9597%35%17985%
59%2787%
14814569597%361417985%
35% 37%6 6
6078 0163 53112% 112%•3514 3025% 25%00% 0740% 41103% 104%4714 47%
xl03% 10471% 72111% 112110% 110%142 14498I4 987812 15•34% 37%3379 34•97 98%73% 74%101% 102414% 14%
14514 145%17% 17%
•47% 48%21 14 2210 10%'71% 7322 2293 964% 4%
116% 116%18% 18%!04 04%104% 104%93 91%70 70%37 4296I4 96I4
88% 88%•90 93•110% 113%,11 12 1471% 72 1413% 149^ 98
107 IO71416% 16%!67 68
I
•35 30%28 14 2Si-'l
68% 68%50% 51I417% 17798% 8%
33 3415% 16%53% .54%29% 29%6078 67%22% 22%48 4933% 341421% 2344% 447923% 23%80% 81%98 100%27 2858 14 59109 111•30% 3484 88101 101%21 2146178 02 14
17 17%32% 3369% 70%
35•6
61%53%112%35%25%00%40%10447%
10-1
71%112%IIOI414298 14'12•34%3379
36%6%'61%53%
11335%25%;674114
104794314104%72%!113%IIII414499%1636%34%
80,95S400
1,0241,5003,860251
12,23.'^
7,5578,071
87,43525,1068,062
79,3aj1.610
23,426
BangeSlnee Jan. 1, 1889.
Lowest.
Si's July6 Aug.47% Mar.50% Jan.92% Mar.33 Mar.15% Mar.56% Fob.20% Feb.8979 .Mar.40% Mar.94% Jan.0079 >lar.97 Feb.102% Mar.
Highest.
74% 70%103% 1027914% 14%145% 115%•17% I8I448 49•2114 22•10 10%•72 7323 2395 954% 4%
116% 110%I914 19%64% 04%
IOII4 104%93 94%70% 70%•38 4190 9788% 89'91 93-%'110% 113%12% 13%71% 72%13% 13%95 98107 10710% 17
2(M) 135 Mar.28,407, 80% Mar.
200 14 Jan.200; 33 Jan.900 30% Mar.30<^)l 89 Feb.""" 58% July
96 July1 1 July
43.50910,025!2,01517,040 134% Apr.
300
605520500100200
2,800!1.250 1001 ,.567
9,47511,9251.300
23,437
67•35
0830%
28% 28%08% 08%.50% 51%17% 17%
500825570300
4,21031,807
20025
•8I4
3310
8%3316
'87II4278•719
1>43821
88 88IM 1%2% 3
38%22%
33%'30
4032%!
33%'35
40
19% 20-9% 10%
'245 2559% 9%
38% 4023 23-43 4633% 34 !
31 31 14
23% 23%39% 39%
107 11033% 241452% 53%74% 74%10% 47%•10 1790% 100%
'149 152'116% 118HI 91
'139 143
88% 88%1% 1»42% 2%Q H20% 218% 11
'250 2559 10•38% 4021 2143 4033% 3431 31%23% 24143979 3979
59 1427
*.S7147%'53%94%97%35%18185%
59%271487%
1485694%97%'36%18185%;
53% 53%29% 29%67% 07%22% 22%46 5034% 34%22% 234414 44%23% 23%80% 80%100 10027 27%58% 5914
'109% 11231 34'83 8710114101%2II4 21%02% 62%17 14 17%32% 33%7014 7079
15% Mar.42 14 Jan. ;
15 Jan. :
84 Jan. :
63 Jan. :
20 Apr. :
86 Jan. I
2% Aug." i'eb.
16 Jan. :
51% Jan.99% Mar. :
90% Jan. :
564 Jan.3714 Jan.90 Jan.84% Mar.51% Jan.91% Jan.10 June64% Mar. :
8 Jan. :
8178 Jan. :
1,273 1047„July :
15| 15% July380 07 Julv755 34% July
33,6-0 25% July :
1.100 01 Jan.30.710 41% Apr.1,510 14% Jan.780; 7% Apr. :
350! 30% Mar. 1
90J 1414 July :
8,020 47% Mar. ]
19,770 25 Jan.42,183! 58% Mar. 1
2.995 19% Mar. ]
470 39 Apr. '.
18,005i 28% July :
20 July 1
424 JiUy :
19% July :
70 Jan.
25 98 .
7 8%.16 61%;241 &«% I
16 114%.29 30%.2 20% .
26 09% .
27i 42'a.26 111%.20 494 i
9 107% .
16 734.25 117 !
27 111 ,
29 143% .
26,1014!15 10%]21 42% 1
is! 37 ;
13 100 i.i
;
13 76%.12 103% I
22 28 4 1
3 148%.
1
18, 18 .:
30047,2057,7156003d, 93
19Jan.ArApr.Mar. 1
Mar.
:
59%27%*8714853%93%97%35%
'17785%
457! 335 104
I
24%JulyI 81%Aug.
1,300 92 Apr.17% Mar. :
56% July12% Jan.24 Jan.59% Jan.
5,90328,2919,010
53,5854,626
60%27%87%1484559698435%18185%
149 152 '149 152!
116% 118% 118 1134•89% 90% 90 4 9078139% 140 138 143
•142%
1%2%84
2210;551040
20*9
2309%38%•21% 2343 4632% 33%31 31%,23% 23%•39% 40
*881424*7io
20*9
83%142%8%
2310
150 150'116% 118%904 9078
•138 143
x86% 86%1% 1%
248%
250 255•9% 10%38% 40•21% 234333%31
2l,0S01,482372
4,451062475
5,2709,990914
6,431
34 Jan.21 Apr.80% Jan. '
130 Mar.424 Apr.75 Apr.85 Apr. ;
31% July171 .Mar.
83 Jan.
14 144% Jan. 2!l53 Feb. 4213 109 Jan. 10 1204 June 6410! 73% Jan. 4 95% Juno 550 134 Jan. 19 140 June 18
4632%'31%
;3% 2379394 39%
2%7%'20% 229 10245 255'9% 10
I38% 40'21% 2344 44%324 32%3078 31%
39% "3978
3952,3502,340;800259!
200
i',i'23
4003,200700
1 ,(X)0745
80%Jan. 5,
% Apr. 3!
1 Apr. 37% Aug. 518% July 188 July 24
241% Jan. 75 Juno 21
30 Jan. 3114% Jan. 8,
44 Apr. 15'
31% Apr. 9,
31 Jah. 2821% July 8l
31 Jan. 33;
89% June 72 July 183% June 2610% Mar. 202914 Mar. 1214% Mar. 5
265 June 1313 Feb. 2047 May 823 -\ug. 1250% Feb. 63479 June 1332 June 19254 June 27424 Mar. 8
107 109% 107% 108%; 1074 10778; 107% 108% 44,14523 23% 23% 23% 23% 23%, 23 23% 23,20052% 53% 5278 53%! .^31., 5334: .5314 53% 30.990•73 74% 73 73% 73 73
|
72 74|
830474 47% 47 47%; 47% 47%i 47% 4778 4,530*16 17 16 16
; MO 17 lO 17 1
50i
95% 1004 95% 97-%! 907fl 9>1 90% [i9^ f.^odav
81 1» Feb. 20 136 June 2419% Mar. 26' 35 June 2548% Jan. 16; 01% May 29.70 July 31! 74% Aug. 1041%.TuIy 5i 4779 Aug. 1614% July is! 19% June 2980 Apr. 23 102% July 24
' These are prices bid and asked ; no sale m ido at the Board. ICash sale. {Prices from t oth Exohaag c a.
lfl(5THE CHRONICLE. [V^OL. XLIX-
viw - I.VI^ST PltlCES OF ACUTE BQNDSAT N. Y. STOCK EKCHINUE. ANB RAXaE SINCE JAX. 1, 1889.BUNDS
Sange Since Jan. 1.
Caii. -
D. inc., 6». lUlO 17
-' tfuar-. a». »""0| ^ ^^^^^ 9314 Jan.
;-i;i;7^i8«b::;ioi^a.;ioi38b.,ioi%AuK.
"•"I
!"' '125 Jan.113'"" 11338 ilOBiisJan.
,,Mai llV-^r-'llJ"*!}- }.\5'^^,?.'!
liijl... Ill
2238 Feb.83 Feb.112i2MayKK) MayIOC's Jan.12tis JuneViSH Apr.115^ June120 "a May113 May
Kailboad Bonds.Closing. Range Since Jan. 1.
^Uff. 9. A«i/.16 Loioesl.j
Highett.
Mutual Un. Tel.—S. f., Gs, 1911. -"NasU. Ch. & St. L.—l8t, 78, 1913 13oConsol. ti*, Ur.iA 107
N. Y. Central—Extcna., 5s, 1893 10.j
N. Y. C. & II.— l.'it, cp., 73, 1903 131Debenture, 5.S, 1901 IH1>«
N. Y. & Harlem-1st, 7s, 1900 ...
CI-
105 b. 105 b. 102^ May:'iiy>->'
' 95 U. 95>8b. 92ia Feb.
,.n'j", 1927!' Om i
ai"*^! 91^8 Jan.
.".,6»,1907 119>4b.ll9 b.ll8 Jan.125>3b. 118 Jan.
'HV 11)37 101 ! 07 Jan.• ^Vu,37 9* b.' O.'-.Hb.' 83 Fob.
.'l;i;l(! 10."> b. 105 a. 09 Jau
.1911.... 105Consul. 79, 1913. 115
ij 1271 tiV,'i!t29 120
;i929 110
b. lOfiiija. 100 Jan. !lOS
b. 117'ab. liai^i Jau. 117 Jan.129%b. 127 Aug. 133 May118 b. 119 Jan. il23 Apr
b. 109 b. 108 >2 Jau.
I
aehent.5.'., 1933 111 b. 114% >. 10? Jan.
iliuv 5s, 1909... 106'4b. 10G;%b. lOo Jan.
1026 101 b.| 99'8b., 98
C!. ' -i;l(l..'>a, 1928 95C] .L'i.>ui).,1917
1 ,1031 106CI, . ^ .. L;on.tis,1930
C .-lst.e<)n.5s,1932 05Ci, ii-l»t, 58, 1917. 92C . !. 78,1911
, .. .!.. 119 b.
C,. I 0», 1900.. 98»4
l\ ,. Cou.58, 1931i 6816i.ti.s 1901 1 56 a.
Li ( ir.-lst, 79, 1900, 121"31-, ,,.., l.^.MWH 79
Ucuv. Jc !«.<.;. W.-l,st, 09, 1911.'
Asscnlcd !90%
Dcnv. P. Pk. * Pac— I st,7«, 1905 94 a.
Dct. B. C. A- All>.-l-*t.i.'..(i-<. 1913 IO4I3 [lOliab. 103Det.Mac.i:M.-l.>l.:.'i.:i'-.'s, loll 32 b. 31 b.; 32
112 JunelimAug.109 Apr.101 '4 Feb.98% May
Jan.b. 95 b. 95 Melt
132 b. 131'4Mcli. 13S11-J June105% lOl-^.^au. lOSisJune
..'123 b.ll9>aJau.1 1
92 Aug.b. 92>ab. 92'3Jan.. 1 130 Jan.b. 117 b. 112 Jan.
99 b. OS's Apr.GSH 60% July53 b.i 30 July
..lOlial). 99 Jan. 10 1^4 -Apr133 b. 129 Jan. 1 38 ^a June
b.ll07 b. 98=8 Jan. 107ijJuna105 b. 104 May 107 Feb.133 b. 133 Jau. 137»a Jane115 b. Ill Jan. llSHJuno130 b. 129 May 131 Mch.
N.Y. Chic. & St. L.—l.tt, 18.1937' 95'4I98 b. 91'%.I»u.
]
98i4JimeN. Y. Elevated-l9t, 7s, 1906... 116>ab. Il(>:f8b. 110 .Ian. 121 MayN. Y^. Lack. & W.—1st, 63, 1921. !l30 b. 137 b. 131I3 Jan. 13812 June
..111 b. Ill b. lllUFeb. llOi-jJulyJan.Feb.uno
JulyApr.layMch.May
112 June73% Aug.121 June126 June112 May5S\ July80% June
lOG'a Feb.II314 June103% May107 12 Apr.Ill May110 May1091-2 Feb.7612 Meh.91% June911-2 Jau.82% Jan.62 14 Jan.871-2 Mar70% Aug.
Jan. 37 Aug.Jan. 119% MayJan.
i
91% MayFeb. 'l03 MayJau. 11934 July
loo's June General, 3d, coup. 63, 1937I
96i« May • No. Pac. Tor. Co.—Ist, 63, 1933.i 93^ Apr. I Ohio lud. >t West.-lst, 38, 1938120 July ,Ohio & Mi.ss.-Conaol., 7s, 1898.126 Aug.;' 2d, couaol., 78, 1911lOmFeb. OliioSoutUorn— 1st, Gs, 1921 ... .
101 May 2d, Income, Gs, 1921 o7106 June Omaha I't St. L.—Ist, Is, 1937..
I
78
110 a.'109%b.il0334 Jan.71 73%
; 61 JiUy118 a. 117 b. 113 Jan.120 b. 1181s Apr.110%
j 103 Jau.37 b. 1134 Jan.
a.i 78 a. 71 is Jan.
Evansv. Div.—Ist, 6.3, 1920... 1062d niort., 5s, 1927
Phila. &Kead.-acn. 4s, 1938-.Ist pret. income 3s, 1938'.id pref. inooiue 33, 19383d prcf. income 5s, 1958
Pittsb. & West.-lst, g., -Is, 1917UicU. & All. —Ist, 73, Drexel cert.
2dmort.,G.4, 1916, Urcxelcert.Rich, i Dauv.—Con., 6.<, 1913 ..
Consol. gold, 33, 1936 ,,
Rich.&W.lM'er.—Trust 63, 1897 9958a. 99ia
Roch. & Pittsb.—Con. Gs, 1922.. 117 a. 117
6 8 lab.9181%6653SII4
SG'^a
100 Is
71i2b.90%80%6GH52%b.sm68isb.331s
91 b.' 911.2b.
102% Jan.60 Jau.88% Jan.80 July62T8 Julyoils July7614 Jan.58 Jan.261148098113
12li3May100 Feb.
133 Apr! , Rome Watr& OgdT—Tst,"7s,T8"9i 10734a. 1077ea. imjis June 1091.2 May120 May; Consol., extended, 33, 1922... 11134b. llli.ib. 108% Apr. 112 May103 Jan. ;
St. Jos. &Gr. lal.—l3t, 6.3, 1923. IOj b. 100 b. 101 Jan.
87%Feb ' 8t. L.Alt. &T. II.—l.st, 73, 1894 112 b. Ill July87 Feb. j' 2d, mort., pref., 7s, 1891 HO b. 11214a. 10534 Feb.
122 b!'ll8%Mav 122isAng. ' 2d, niort!, income, 7s, 1891 ...lOGisb. lOlfinb. 101% Jau,
79%
91%91 a.
73 Jau.84% Jan.73% Jan.81 Jan.
Jau.Aug.
82% May i St. L. Ark. & Tex.—Ist, 6s, 1930; 81%il02 Mch. !
2d,63,1936 LS?!^93% June St. L. & Iron Mt.-lst, 7s, 1892. 10o%
82%1 77 July
12734
I
2") May106 b. 103% Auf
Dul.&lrunK:uiv'e-l.<l,3.<,1937 103% [103% I Ob'sJan.E. Tenu. V. AH.—Con., 53, 1936,108 ilOS^b. 102 .Tan.
Ellz. Lex. A B!g8au.—6.S, 1902. 106 a. 103%a. 99 Jan.
Erie-lsl, consol. gold, 78, 1920 lll%b. lll%b. 137 Mch.LongUock, 7s, If.W 112 110 b. 11034Jan.Consolfo.-. 1035 120 b.l20 b.:il8 Apr.
N Y.L.E.A.\V.-Jdcrm.Gs,1069 103 b. lOlHFt. \V. A: UiMiv. I'.-l.Hl.tis, 1921; 91%
i
9II4
«al U.ASan Ant.—\V.L)iv.l3t,3s 93% ,93%
OrB.\V.A:ht.i'.-2dinc.8.s,1911| 16 1lG%b.
Gulf Col. Ait'iiu.Fe-lst, 78,1909104 b. 103
98 Jau.90 Jau.92% May13 July103 Aug.
Uold.Os, 1023 167 67 b. 66 Aug.
Hon. i .St. Jo*.-Cous. Gs, 1911 .
'
' I2014 Jan.lnt.AGt.No.-l3t,G8,gold,1919103 b.;103% 100% Apr.Coupon, Gs, 1009. 63 b.l G3i4b.' 62 May
KeutuckvCVut.-Goldl, 1987..' 87%a.! 87%a.l 71% Jau.Kuoxv. A- O.—1st. 03, golil, 1023 UO%b. 110 b. 101 Jau.L.ErleA-Wc5t.-lst,g.,3», 1937U2 b. 112^8 1107 Jau.Law,--!,, l.st,7.s,1900 127 a 12G%b. 12314 Jau.
7.S, 1903.... 12G b. 12614b. 124 Jan.n., 3s, 1931 1 16%b. 117 a. IIIU Jan.1938 100 b. 100 b. 92% Jan..u.,7s,1898 119%b. 120 1117% Apr.-, 1919 117 a. Il5''8b. 114%Juue
113%b. 114 ,112 Jan.1922 112%b. 112 b.il09% Jau.
104 b. 101% Jan... 104 b. I01%a. " "
102% 102%
91% May108% Feb.10 Feb.104 Feb.108% May106 Feb.112 JiUy111 May123 Feb.107% May101 May95% Mch.
' 23 Feb.IIG Feb.87% Jau.121 Feb.109% Jan.71% Jau.90 June112 Aug.113% June130 .May;130i4 May117% June102 14 May121% Mch118i4May118i4May113% May106 Apr.
2dmort.,73, 1897-....'. ' 109 103 JauCairo & Fulton—1st, 7s, 1891. 102 %b.:102%b. 10114 Jul.s
Cairo Ark. & Tex.—lst,73,1897 103% 103 b. 102% Aug. 107Gen. R'y& land gr., 5s, 1931.1 8514b.'
|81 Jau.
;90
St. L. & San Fr.—Gs, CI. A, 1906' 118 b. 116 Jau. 12169, Class B, 1908 ' 117%b. I1534 Jan. 121Gs, Class C, 190G 118%a. 117%b. 113% Jau. 121General mort., G.-<, 1931 HG%1). 117 b. 113%Jan. |121Geuer,almort.,5s, 1031 103 b. 10334b. lol^Jau. 108
6. P.M. AM.—Dak. Ext. ,6.3, 1910 120%b. 118 Jan. 122Ist oonsol., Gs, 1033 ' 113%Jan.
Do reduced to 4%3...'101%b. 102 b. gsUJaaCoUateraltrust, 5s, 1898 ' 93%b. 9914b,
Montana Ext. 1st, Is, 1937 ...' 87 b.
109% Apr.113 JuneI1214 June108 Apr.99 Feb.38 Feb.110 Jan.110 July10.3% June
Apr.Feb.Apr.Apr.Apr.MayJuneApr.
91! '4 Feb.8314 Jan.87% Apr.31 Jan.90 Jau.47 Jan.5% Jan.
98 Jau. 1105% Apr.9Gi4.Tau :i04%Apr.
Loai:>\
.
E. II.
GenuTrust liuu.l.-!,';T
10-40, Gs, 192150-vear OS. 1037Collat. trust .-.s, 1931
Louis. X. A. A-Cb.—1st, 8s, 1010 117 b. 117 b.'ll2i4Jau. |122 JiiuoCousol.,gi.!d, Gs, 1916 102 b. 102%b. 93 Jan. 104 Jime
Mem. ACliur.—Gs, gold, 1924.. .,107 a. 105%b.'l02% Jau. 109% JuneMetro. Elevated—l.st,Gs, 1008.. '115i4b. 11314b. Ill's Jau. "
2d,6s, ISO!) I108 il08 a. 106 Jau.Mich. Ciui.-lst.cou., 7s, 1902. 131 1131 a. 130 JulyConsol. ,.-.s, 1902 113 a.'lll a. Ill Jan.
Mil. Lakoh. AW.—1.3t,6s, I92I1I2O b. 124%b. 118% Jau.Couv. dc'.KUture, 5s, 1907 '
' 92% Jan.Mllw. A Noi Ib.-M. I,., G8, 1910. 108 b. 108 b. 10G% Jan.
1-t. ( ...i ..^^. \'.n:i lOGi4b.l06%b. 103i4Jan.M Ist, 7a, 1927 9G%a.
on., 68,1920 Gl%39%
-G I 93I4'U., 68, 1920.113
96%a,6458%91%b.
90 Jan.53 Apr.50% Apr.
.>""- -G I 93I4 91%b. 87%Mch.Mo. !:. iu., 68, 1920.;113 b. 113 b. 110% Jan.3d, V- 116% Jan.Pac. o;.i;...-lM,ext.,4s, 1938 100 | 90%b i 9734 Jan.2dmovi .7s. 1«91 103 b. 103 1).'10334 July 103% Apr.
Mobile A ' .,110- -Sew, Gs, 1927.. 114%b.'113 b.ill2% i'eb. ,116% MayGeneral »,oi t.. -I s, 1938 1 38 | 5G%b.l 41% Jau .
I38 Juiie
NOTi:^
1211 Jviue111% Mav133% Mcii.114 May123% June101% July111 Apr.109% Mch.97 July65 Aug.60% June97 June113% Apr.121% Apr.102% June
Shou.Yal.—l3t,7s, i909,Tr. roc, 91%b. 91%b.General O.s, 1921, Trustreo. ..I 33 b. 37 b.
SouthCarolina—Ist, 03,1920... 99 ;99%b.
2d,6.s,1931 1 ' 53 b.
Income, 63, 1931 ' 7 b. 9 a.
So. Pac., Ariz.—1st, Gs, 1909-10. 100 b. lOG b. 101% JulySo. Pac, Cal.—1st, 63, 1905-12.. 117%b. 117%b. 114 Jau.So. Pac., N. M.—Ist, Gs, 1911 ... 100 b. IO6I4 IO314 JulyTenn.C.I. &Rv.—Ton.D.,lst,63 94%b. 91 b. 89 Jau.Birra.Div., ist, 6.3, 1917 96 i 94%b. 89 Jau.
Tex. A Pac—1st, gold, 3s, 2000 90^3 91 85i-2 Mch.2d, gold, income, 5.3,2000 3734 1 38% 34 Mch.
Tol. A. A. A N. M.—1st, 63, 1921 100%b. 107 ', 99 Mull.
Tol. A. A.A Gr. Tr.—1st, 6s, 1921 110 b. 1 13 103 Jan.Tol. & Ohio Cent—Ist, 53, 1933 10l%b. 101 Jan.Tol. Peo. AWest.-Ist.ls, 1917.. 77% ;
7G'8b. 74 Apr.Tol. St. T.. A Kan.C—1st, 6s.1916 10238 102% 92% Jan.Union raaillc— Ist, 6.s, 1899 .... 119 b. 119%b. 115 Jan.Plukiugtund. 88, 1893 117%b. H7%b. 110i4Mch. _
KansasPacillo-lst, Gs. 1893. 109%b. 109%b. 110% Aug. !112% .Inly
Il8t,6s,1896 110%b. 110%b. 109% Jau. ;U2%MayDenvorDiv.—Gs, 1899 114%b. 114%b. 112% May aioUFeb.
! Istcousol., 63, 1919 113 115% 112 Jau. 117 Apr.
Oreg. Short Line—1st, 63, 1922 112 b. 112 b. Ill Feb. 113% JiUyVirginia Mid.—Gen. m., 5s, 1936 86 b. 86 b. 78% Jan.
j90 Apr.
n"ab. St. L. A P.—Geu.,Gs, Tr.rec 48i50H
ChicagoDh-.—33, lOlO.Tr.reo. 103 103 b.
Waba.ih—JI., 7s, 1909, Tr. rec 100 b.
Tol. & W.—lst,cxt.,7s,Tr.rcc. 103 b. 103 b.
lst,Bt.L.Div.,7s,1889,Tr.rec. 102%b. 103 b.
i 2a,extend.,7s, 1893, Tr. rec. 102 a. 101 b.i Con., conv., 7s, 1907,Tr.rec 99% 100
Gt. West.-l3t,78, 1888,Tr.rec 103 b. 103 1).
2d, 73, 189.3, Trust receipts. 100%b. 101 b.
West Shore—Guar., Is 100% |10B%
121% June103% June100% July92% May96 May40 May09% Aug.60% Feb.10 Fob.
108 14 June1.1714 July108 14 Feb.100 Molu99 Mch.91 May
1 40 Apr.IIOI4 June120 June101% Juno82% June103 May121% July120% Jan.
37 Apr. I50 14 Aug
88% Jaa. I10314 Aug.86 Jau. 100% June89% Jan. 10314 July93% Feb. 103 Aug.87 Jan. 103 June83 Feb. 100% June89 Jan. 103% July86 Mch. 102% June102% Jau. 109% June
West. N. Y. & Pa.-lst, 5, 1937. 97% !
97i4 95i4Jan. 101 Apr.2dmort.,3g., 58C, 1927 34 b. 3314b.' 3314 Auir. 44 Feb,
West. Uu. Tel.—Col. tr., 33, 193S lOi's 103 I 98% Jan. 100 JuneWheel. & Lake E.—Ist, 3s, 1926 110 a. 110 a. 102 Apr. 1110 Aug
-Tho or "b" ludiuiktes price bid, anl "a" price ashed; all other prices and the rause are from actual sales.
statk: bonds.SECUKiriES.
Alabama-Class B.(-'lii,SS ( '.
Gs, Uh-ji
Arkau-a-7», I.'
7«. .M
7^. \-
f..
1
Wicliigau— 7i
Bid. Ask.I
ria«sA,4to6 1906 103% 104%3s 1900, 110
1
Is 1906 !l02%1900, 100
I
•;-. funded.. 1899-1 900iFiut Pndth i8S.t
illle Rock 1.39.. .i
itralBRmM 1800-, COB9 1914
u.'.'.".'.'1896
SECURITIES. Bid. lA.3k. SECURITIES. Bid. IAsk.
12 1310 L".
10I15
8 : 10102% 103%
89! 8914
106
Missoun—Gs due 18S9 or 1890Asylum or University, due 1S92Funding. 1S94-1895
New York—63, loan 1*9269, loan 1893,
North Carolina—6s, old J. A J.Funding act 1900New bonds, J, & J.. 1892-1898Chatham RRSpecial tax. Class 1Con.solldated Is 19106s 1919
10014103
I
1101
110%110%3310206%6%9G%127
108%
97128%l
Rhode I.sland-Gs. cou. 1893-1 894South Carolina—6s,lion-(und. 1888Brown consolidated, 6s 1893
Tennessee-Gs, old 1892-1898Compromise, 3-4-5-6S 1912New settlement—6s 191353 19133s 1913
Virginia—69, oldGs, consolidated bonds6s, cousolidat.ed, 2d seriesGs, deferred, trust receipts.
1104
102647410610271
4%104
110104%72
Aroui5T 17, 18S9.J THE CHllONICLE. 197
tiKNERAL QUOTATIONS OP STOCKS AND BONUS.Qriot'*t;ton'*iii S^-^ Yi)rk reorii^oiic cu'i |hir -lant 7;il ifl, wa mivac rfi«i it ir la iV u«; »u'i »r 'in ir, ill »fn lire rriij-ifiarlv rnilo o-»r <ili ir«.
?he following a't'trevlattoiHitre often mivl, vl7,: '• \t.," for a iptiiw'i; "<.." f >r «; ilil; " nM," for ga.iraQtaed; "eu.l.," for ealorcad; "sou*.,.toroiisolia^jtoil; "(iniivr.," for onarsrtliile ; "s. f.," for rtltiklti^ fiint; "1. «.." for land graat.
Qaotatloas lii N.)W Yi)rlt are to TUnrsilay ; from other cities, to late luall dates.
Sabsrrlbera will oonrer a favor by glvin'r notice of aar error dHcorored In the«e (Itiatatloa*.
United States Bonds. Bid. Ask. City Secdrities. Bid. Alk.
i;nitkd statks bonos^4V|1R, 1891 reii?..Q—M xlOi^'H'
4is8, 1891 ooiip-.Q—M •'«'-
4s, 1907 reK...Q-J4s, 1907 coup.. .Q—
J
lOG's•12S128118121124137130
l"3is110
iboii12101010108
MOOJ 100§1065 1 02122111'.O.^ig
107lOB1^3107^3142''8
102%11111.5
8942100103100U9i«10410451101 15lOii
510011010014102§105Sill130
6«, Ourr«ncy, 189.') res JAJ68, Currency, 1896 Teg JJJ68, Currpiiey, 1897 rex J<tJ6(1, CiirriMicy, 1898 reg J&J6«, Curri'iicy, 1899 tpk J&J
sTA-rK NK^fTR'rlE:^,Alabama—Class "A," 3 to 5, 1906..Class "IS," 08, 1900Class "C," 48, 190068, 10-20, 1900 J * J
Arttanaas—68, fuuding, 1899.J A J78, L. R. & Ft. S.iB9iii',1900.A & O78, Metuphts & L. K., 1899. A & O78, L. K. P. H. &N. O., 1900.A & O78,MisR.O. & U. Rlv.,1900.A &07b, Ark. Central KK.,1900. A & O7b, Levee of 1871, 1900....J A J
Conneotlc'l-.Sew,r«.,3K8,1903.J&JNew, TCii, or coup., Ss, 1910
Dakota Ter. ,=)8. lO-2"s of 1887 ...
4'<8. 10-iOaof 1887Dl8t Col.—Coo».3-658,1924,cp.FA,AFaailliiKSs, 1899 J&JPerm. Imp. Gs, Kuar., 1891 ..J<SiJ
Perm. Imp. 7s, 1891.. JAJWasli.-Fuiid.loan(Couii.)G.s,K.,'92Fund. Ioan(LeK.)G8.K.. 1902Var
Market stoek, 78, l-i92Water stock, 7.s, 1901
do 78, 1903Florida—Consol. gold Ga J A JUeorgia-78, gold bonds, X890.Q—
J
4isn, 1915 JAJLouisiana—New eon. 7s, 1914.JAJBtamjieil 4 perceptBaby bonds, 3a, 1886 FAA
Maine—War debts G8,0ct. , '89.AAONew 38
iIaryland-es,H08pltal,'87-9].JAJ6e, 1890 Q—
J
S-65s, 1899 JAJMaa8acliu8etts-58,gold, 1891..AAO
68, gold, 1894 JAJSs, gold, 18!(7 MAS
Mloblgan—7s. 1890 MANMinnesota-Adj. 4'ss.l912, 10-30.Missouri—Fund, bonds, 94-95.JAJLong bonds, '89-90 J A JAsylum or University, 1892.J A J
Hew Hampsbire—58, 1892 JAJWar loan, 68, 1894 JAJWar loan, 68, 1905 JAJ
Hew Jersey-6s, 1897-1902....JAJ68. exempt, 189G JAJ
Hew York- Us. gold, 1892 ...AAO88, gold, 1893 AAO
Ho.CaroUna—68, old, 1886-'98.JAJ68 N. C. RR., 1883-5 JAJ68 do 7 coupons otr ...AAO6a,ruDdlngactof 1866 1900.JAJ68, new bonde. 1892-8.' JAJ6s, Chatham RR AAO68, special tax,cla88l,1898-9AAU48, new, cons., 1910 J A J68,1919 AAO
Penna.—5s, new,reg.,'92-1902.FAA4g,reg., 1912 FAA
Rhode lal'd-68,1893-4, coup. J AJBoath CaroUna—68,Nou-tuiid.,1888Brown consols
Tennessee—68, unfundedCompromise bouda,3-4.5-6a, 1912Settlement, Gs, 1913Bettleuient, 5e, 1913Settlement. 3a, 1913 I 72^1
Texas—G.s, 1892 MA8 '§10678, gold, 1S!)0-1910 MAS78, gold, 1904 JAJ
Vermont—68, 1890 J ADVirginia—6a, Old, 1886-'95... J A J
68, new bouda, 188G-1895..J A JBs, consols, 1905. ex-coup JAJ 3768,oonsol., 2d8eries JAJ6s, deferred bonus. Trust rec 8I3X»x-rec'vable coups., from cons'ls 6714
Do from 10-408. 25Ne-w3s(Rlddleberger).l93J.JAJ 071410-408,cp. A reg.,;ito5,1919.JAJ 35Consol. coupon, new 33I9
do nori-fundable .. 1714ciTV SKCvurriKs.
Albany, N.Y.—7s, 1910-16. ..MAN §14168, 1915 to i919 MAN § UO
[!S102100100105103100100101102104117117106lOii100
§l201101J9100%
lOi
lOGV,107»4128 »4
128>a
104>s
ioiij103131515151510S
1053i108
IO3I9112
8914
ico'ii
llO^alloij'Jo
1!17014010206»s6
127105%1241104
1026474108102
Silo§130
104 >s
111116
103 ifl
1051*lll>«132
9907I2SH1
4<s104
110 I
101»»'73%
40
48, 1920 to 1930 .MANl^Allegheny, Pa.—&«,op., '87-»7.Var.
'
4's8, coup., 1835-1901 *ar.48, coup., 1901 V^ar.AUegheuy Co., 58, cp., ltfl3.JAJ48, riot loan, 5-lO.s48, riot loan, 10-208Ss, do 10-20S4s, refunded. 5-208. 1891-1906...4s Court riousj, i90-<, reg. JAJ
Atlanta, Ga.—8,-, 1902 JatJWMter78, 1901 JAJ68, 18'.)5-f> jjij68, I9U-15 Jj£j4128, 191'! FAJ
Aayu.%ta, Me.—08, 1905, Fund .JAJAUk-usta, tia.-78, 1900-2 Var
6a. 1905 jv.IBaltimore—6s, eonsol.. 1890 Q—
J
68, Bait.A O. loan, 1890.... y-j«». p.».lt. ia(|i> Q—
M
967»»2867%
18
106105
105101101102113lOti
120 1I
Baltimore—(Ccmtliiueil) -6a, bounty, 1893 MAPi68, bounty, exempt, 1893.. MAS5s, water, 1894 MAN;68, 1900 Q-J6b, West. Md. RR., 1902.... JAJl5s, 1916 MAN48, 1920 6—j;
Bangor, Me.—Wator.Gs. 1905. JAJE. A N. A. RR. Cs, 1894 JAJ
Bath, .Me.—6s, 1902 Var41(18, 1907 JAJ
Belfast, Me.—68, railroad aid, '98..Coal on. Maaa.—WatHr6»,1006.Var,§l3l'aWi. ter ."is, gold, 1006 Var §122Water43. 1917 V»r§il2Water aiss. 1917 AAO §104
Brooklyn, N. Y.—Park78, 19'24.JAJ |§ 163Brlilge7», 1924 JAJ §165Park 68, 1924 JAjJlSSBrl.lge 58, 1919 J*j!§136Bridge 48. 1920 JAJ §118Water 3s, 1905 JAJ §101New 38, enempt, 1906-13 [§106
Buffalo, N.Y.—7s, 19.;4-5 rAJi5l45Water 5s, ISOS-O AAO'Water 48, 11^04 MASWater 3I2S, 1905 JAJWaer3s, 1916 FAA
Cambridge, M:i»8.-Water88,'96.JAJi
CliytiB, 11,04 JAJ!Water3's', 1911 Var
Charleston, 8.C.—Conv.7s,'97.AAOConv. 4a, 1909 JAJ
Chicago, (11.-78, 1892-9968, 18954»«8, 19003-658, 1902Cook Co. 78, 1892Cook Co. 58, 1899Cook Co. 4148, 1900West Chicago 5s, ls;)0Lincoln Park 7s, 1HM5West Park 7s, 1890South Park 6s, 1899
Cincinnati, 0.-7 -308, 1902 ...JAJ78, IHO-i Var6s. 1909 Var6s. gold, 1908 MAS48, 1905 Va--is, 30-50R, sink, fun I, 19 U. JAJ5s, 30-508. si ik. fund, 193» MASHamilton County 4k
Cleveland, O.— 7s, 1S91 AAO63, 1900 MAS58, 1907 JAD48, 1903 JAJ
Columbus, Ga.—7s Var58
Covington. Ky —7-308,1892 FAA7-308 Waterworks, 1990....AAO4s, 1927, uew JAJ5s. 19^0 FAA
Dallas, Texas—88, 1904Water, 68, 190058, Street Improvement, 1928...
Detroit, Mich.—78, 1894 FAA69, W. L., 1906 JAD3158, 1911 JAD
Elizabeth. N. J.—New 43,1912 JAJEvausvillc, lud.,coniprom. 48,191-'Fltohburg, Mass.—Gs.'Ol.W.L..JAJGalveston, Tex.-83,1893-1909.MAS
5s, 1920 JADHertford, Conn.—Gs. 1897 JAJ ^10-25 years. 4148, 18:J0-1905.JAJ §100
Hibokeu, N J.-7S, 1892 AAOI 108Improvement 6s, 1898 JAD
do 6s, 1901 MANHouston, Tex.—63Coaiprjmlae 58, 1918 ,.
Indlattapolla, Iad.-"D" 7-3,'99.JAJ68.1897 JAJ
Jersey City—Water 7s, 1902. ..VarWater Ga, 1907 JAJFunding 6s, J909 FAAHudson County oa, 1905 MASHudson County, 6s, 1905 JAJHudson County 78, 1894 JADBayonue City, 73, Ions J A.I
Kansas City, M0.-83, 1896... Var78, 1898 MAN
f.,awrence, Mass.—Ga, 1894. ..Aa O68.1900 AAO
Long Island City, N. Y— ft'ater.7a...
Louisvdie, Ky.— 73, 1903 Var6d, 1897 Var10-408, "is, 1920 MA.N4a, 1923 JAJ
Lowell, Mass.—bs, 1890. Vf. L.MANLynchburg, Va.—68, 1901-4. .JAJ8a, 1905 JAJ
Lynn, .\Iasa.-Water lo.in, 63,'94.JAJWater loan, Gs, '96 ....JAJ53, 1905 .MAS
.Macon, Oa.—He, 1909
.VlanchB3ter,N.H.--68, 1894.. JAJ.6.-, i902 JAJ.48, 1911
MeuipbiB, Teun.—C )mp. 6s, 1907..Tax Dlat., Ga, 19l3 ...J»JTax.Dist, «s. L915 JA;
MmneipoiU, .Minn. -83, IS92.J.«D7a, 1901 ""
4'29. H121548, 1.115-17
.Mil w;iukoe,Wl3.—WaterVfntui- 4a, 190ii-
100
ClTT BECURITIEfl.
106
134
105§113\<128§1108580
§104'101
§110
lOlis9085
1041s10398
Bid. AjriC
105lOSlOS1171'2iiia135134102
105I36>4108 '4'
99>4'100
187
Montgomery, Ala.—6a IIOfm, new 104
Newark—4s, 1906 1044l|8, 1896 1048s, 1909 1106s, 1910 Var J12278, 1895 Vat. §11478, Aquednct, 1905 Var! 132
Sew Bedford,Mass.—68, 1»09.AA<);S!323isM, 1910 AAO;'lOO
N. Brun»wlck,N.J.-78,water,l'J0l 1106a, 1906 Vai
New Orleans, La.— Premium Ss ...
Cons. 6a, 1923, extended ....JAJ53, 1934. JAD7s, 1895 JAD -
N.Y. Cltv-7s, 1900 .MAS!61386a, 1900 MAN, 512968,«old, 1901 lAJ ;132 I
58, 1908 MAS, 132 !
53, go'.d. 1896 MA:<;i15 '
48, 1906 MAN,M15 '
3 4a. 1904 MAN "^
3a, 1907 AAONew 2'as
Norfolk, Va— 63, 1911 Var8s, Wat'ir, 1901 MAN53, 1916 AAO
Norwich, Ct.—58, 1907 AAO,,78,1905 J.AJ ?135
Omtiha, Neb.—Gi, 1891Orange, N. J.—7a, longPaterson, N. J.—7s, 190068, 190148, 1908
Petersburg, Va.—6s JAJ8s JAJ88, special tax
Philadelphia, Pa.—68,1 895 ... . JvfcJ
6s, niiw,reg.,due 1905 JAJPittsbur:?, Pa.-Ds, 1913 JAJ7s, 1912 Var78, water, reg. Aop., 1898..AAO.4s, 1915 JAD69, Consol., 1904 reg JAJ
Poitland,Me.—tis, KR.Aid,l907MAS J
I
H4s, funded, 1912 JAJ >102
115137
116126120:o3110I18118116
i'iV135126lo7120
1281 121lOS113
iievi
.<
123108122125104108Portsmouth, N H.—6«,'93,RU..(A.l ,§107
Poughkeepsie. N. Y.—78, water lone jl4l — .
Provldeute, R.t.—.5s,k.,1900...JAJ 5 11514 II5I368,gold. 1900, wat6rloan..J A J §124 12<ia4iaa, 1899 j,ViD;5i091s;1103i3<, gold, 191H .MASiiOl 103
34
11813iJ
112100§14110210996
ll.-ii*
Rahway, N. J.-01d78New a(\iu3tiuent, 4a
Richmond, Va.—68, 1914 JAJ88, 1909 JAJ58, 1921 A 1922 JAJ48,192)
Rochester, N.lf.—78, Water,1903 ..
48, 1912 FAA3t. Joaeph, Mo.—6s, 1903 FA.^Comp'miae48,1901 FAA
8t. Loula, Mo.—63, 1899 Var,
63, goW, 1894 ;§10958, 1900 §10948, 1905 iJ"*'-!*3Gt.s, 1907 'SlOlij
St. L. Co.—68,1905 AAO §1^314at. Paul, Minn.—48, 1912 § 97
4iflS, 1916 'j 9T58.1915 |§IJ^63,1904 [§11073, 1898 ifl^O88,1-97 15125
Savannah—FM 53, cjns.l909.li-Fi 103Spring-Held, Mass.—Gs, 1905..AAO §12878,i903, water loan AAO §135
Toledo, O.—7-308, RR., 1900.M A N :5 121
102141 88, 1893-94 Var §114Ga, 1899 Var58, 1B93-1913 AAO4a, 1913 Var.
Washington, D.C.—See Dist. of Col.
vVorcester, Mass.—68, 1892. ..AAO5s, 1905 AAO48, 1905 AAOSiis. 1905 JAD.SlOlRAILU4>.tU BUNDS.
(Bondu of eompanUs coKsol'leil wM\be/o'inil iiniler the cotisol'd nui)ie.)\
Ala. Gt. Southern- 1st mort., 1908 «lli>
Debenture scrip, 6s. gold, I'JOii.. elOaGeu'l mort. 53, 1927 ,e 98
Alib:»uaMldland-lst,Gi, 1928... | 88Ala. N. O. T. Ac. let deb. Gs, 1907. e 532d debeut. 63, 1907 JaD e 45
119
113lOO1181a111
102 19
12599112
1-20
121126105130137123lis115104101
11112014
125112lOi103103 14
78,'0-.
.JAJ § 12714.|§108aoj
.JAJ
.JAJMohll,.. Ala.--l-5«.fiiM:ted,l '08JA.I
10081 'a
111115115UiHilo912310510314102 14
103 1.J
vis"112104110
120111100915660
Alb'yA3U8il.—Cons. 78, 190G, guar. loOtj ....••
Consol. mort.,G3,190G, guar.AAO l2o%Mlegh. Va!.—Gen. .M.,7 3-103.JAJ 112 .....
Bast. exten. .M., 7s, 1910. ..AAO ...... ..-.~
Iaoonie,7a, end., 1894 AAO 33% 35Atoh.Top. AS. Fe-l8t,78, '99 JAJ Jaii.2 118
r »r..1 o.rant To 17 19(10 AAO J 107 ^l' 10891961965871a751a9710014351a
Sinking fund, 63, 1911 JAD53, 190J (l3t mort.) AAO53, plain bonds, 1920 .MAS4>43, 19:i0 AAOC.dl ttoral Tru«. OS, 1937. .. FAAGuar. fd. 63, notJS, 1891. ..M«SCii
ChM
9061877596
ilitoi^. So'. -1st 63, g.,1926.JAJ JlOOImouioGl, 1926 MA8 § 35
, ASr. u.— istes, 1915. MAS, ,1239Sia
Chic. Sau.Fe A Cal.-l8t 5S.1937Gulf Col A.S.Fe.,lBt,7s.l90JJAJ 103% 105
Gold 63, 1023 .AAO' ...... OTia
Cowl. 3au).AFc.8-7e,l9)9.4A0 5 60 ...—Kan. C. Emp. aSo.— Ist 7s, 19J9 b 9)
I•
Har'u A Mir.-lst7a.i9 .9.AAO{ 90
'Price nominal; no late transactions. § Piirohaaer also pays accrued lutereat. e In London. jf Cou.joas on atnoe 18 J9.
198 THE CHRONICLE [YoL. XLIX.
GE-VERAL QUOTATIONS OF STOCKS A>fD BOX DS—OoNTiifCJED.
For KxpI«n»Hon. g«e Wote» «t Head of Plr»t Page of Huotatlom.
Raiuioad Bokdb. Bid.
86>«717673
106104
.5**
{10011910410498>473>«1*.«8
902020
ioi>«
10|!(>«106«107ellOell5el2312712389
110117
10S?i112108106110%lOS113%110>4L04IOCUl;i31121102520
11286
10568
Atoll. Top. * 8. F«>- (Contlniiedl-
*^hiaiiMMi. l«t 5«. 1626 .MASTexM Dlv.. l«t 5», 1927 ..MASIncome 61. 1927 - • • • • •
moh. A We»t-l»t Ca. 191* J&JVIoranceA Kl Dor'do, lst.7r.AAO
do Income 78. MA«irjlex.ABo.P«c.l«t,7»,1909.AAOPueblo A Ark. v., l»t, It, g-.19<>?;
Booon. l»t, 7i. 1910, gruar.. JAJWloWUA8.W.,l«t.7i.K.,K"a-1902
AtlaaU A Charlotte Air L.-lnt.J*Inoome. 6«. li)00 AAO
AtUntIo CIt} -l«t.5.,g .1919.MANAllan. A Dan.-lntg. tfB,lDl7..\AO
AtianUoA Pao.-lat 48. 1037..JAJW. D. Inoomee, 1910 AAOCentral DiT., old 68, 1891........
do Incomes, 68, 1922do ace. Id.Er.ea.lBOl
Aiunuta A Knoxv.—7s, 1900 ..JAJBaltimore A Uliio -New 4s AAOSacold, 1928 FAAOonsol. nold ."Ss, 1988 FAAParliemlrarK Br., 68, 1919.. .AAOBcluijlklll Klv. East Side 5b, 1925BterllUK, *ti, 1933 AAO•tarlm«, &s, 1927 JAUBMrUlur, 6a, 1895 MA8MeriJns mort., 68, K., 1902..MAS
do 68,g., 1910 MANBalt.APot'o-l8t, 6b,b.,1911AAOlit.tunnel, 6«. g., K'd. 1911. JAJ
Beech Creek-lBt.g'ld, 48,1936.J&JBell's Oap—iBt, 78, 1893 JAJBelTldere Del.—l8t,68,o.,1902.JAI!Cons. 48, 1927 FAA
Boston A Albany—78, 1892. ..FAA6e,1895 JAJ
Best. Cone. A»Mon.—Oons. 78, 1893Oonsol. mort., 6«, 1893 AAOImiiioveiuent 68, 1911 JAJ
Boeton A Lowell— 78, 1892. ..AAC6s, 1896 JAJBs, 1899 JAJ4», 1905-6-7 Var.4>a8, 1903 MAN
Boston A Maine—78, 1893 JAJ78, 1894 JAJ
Boat. A Providence—78, 1803.JAJBost.A Revere B'h—l8t,68.'97.JAJBradford Bord. A K.-l8t,68, 1932Bradf.Klrt.A Culia—lBt.68,1932JAJBrooklyn Ele.— Ist. 6s. 1924. .AAO2dmort|f.5s. 1915 JAJUnion Kl.-l8t, 68, 1938. ...MAN
Brune. A West, Ist, 48, 1938. .JAJBull. Brad.A P.—Oen.M.78,'96.JAJBnfl.N.Y.AKrle— l8t, 7e, 1916.JAI)Boff.Roch. A Pitt«b.—Gen.SB, 1937
EocI). A P.. l8t. 6s, 1921. ...FAAConsol., Ut lis, 1922 J&D
Bufl.A Southwest.—68. 1908..J.AJBull. C. K. A N.—l8t.58,new, 1906Con8.l8t Acol. tr., 58,1934. .AAOIowa C. A W., Ist, 7b. 1909 MASC. Rap.I.F.A N.,lst,68,1920.AAO
do iBt, 5b, 1921. ...AAOOallfor. Pac—let M.,4>«s, 1912 JAJ2d M.,68, g.,endC. Pac, 'ai.J&J8dM. (guar. C. P.), 68, 1905.JAJ 5105do do 38, 1905.JAJ 5 60
Oamden A Atl.—l8t,7e,g.,'93..JAJ| 10J"4Sdmort., 6b, 1904 AAOOonB. 68, 1911 JAJ
Canada So.-Ist 58. guar.,1908,JAJ2d mort., 58, 1913 MAS
Cape F. A Yad.V.,lst.f!8, Scr.A,1916IslOe, scr.B, 1916
Carolina (Jeut.—lBt.68,K.,2000.JAJCatawlssa- Mort., 78, 1 900. . . .FAACedar F. A Mln.—Ist, 78, 1907.JAJCent. Br. U. Pac, lata, 6s, '95.MANFund, coupon 78, 1895 MANAtch.Col.APac.,l8t,0s,190.5Q.—
F
Atch.J.Co.AW.,l8t,6s.l905.U,—
F
Cent, of Gn.—lBt.con8.,7s,'93.JAJCoUafl trust 58, 1937 MASSav.A West.. Ut gunr.,1923 MAS
Central of N. J.— l8t,7s, ls90.rAAGen. UKirt., 58, 198" JAJ78, conv, 1902 M.^NOouBol. M., 78, 1899 6—
J
Couv. ricben. 68, 1908.... MANAm. Dk.A hup. Co., 58,1921.JAJLi-li.A WU.-' on. 7a,)r.,190O,as«.QMontage 58, 1912 MAN
OMt. Ohio—l8t M.. 68, 1890..MASBeorg. cons. l8t,4ica. 19J0.MA8
Cent. Pac.-lst, 6s, gold, 1895 .JAJIst, bs, KoM, 181)6 JjfejIst, 6e, g(,l(l, 1S97 J4J1st. 68, goUl, 1898 J&IB.Joaquin,l8t.M.,6a,g.l900.AAOpal.AOr.C.P.bonds,gB,.S,'92JAJlAud grant M., Os, g., 1890.A&OMortgage bonds, Oa, 1936. ..AAOWest. PHOif., l8t,6e, g.,'99..JAJ
Central of So. Car. 1st e8,1921.JAJCharl'teCol.AA.—Coua.,7»,'95.JAJM mort., 78, 1910 aaoConsol., g lid, 68.1933 JAJ
Ohartlers- let,7», 1901 AAOChes.AOhli).—Pur.mone}- fd.,68'»sSeries A,68,1908, coups, off .AAO6s, 1911 AAO
Chea. AOhio Ky, latSs, 1939VmjiNChes. O. A 8.>V.-M.68, 1911. .FAA2d mort., 68. 1911 FAA
Cheshlrt-68. 1896-98 JMCMC. A Alton— latM., 78, '93..JAJBterllnif iiinrt., Ba. it.. 1903. .JAJ
Ask.
87>*73777910612011010710660
121105>«104\1007416''8
10025
108
105107109112117125
90
lom109112'a1081s'105 >s
1111084114llQis10414109
Iam113141121a112
t
104143100i«
12011681998710098
lOS!04»9
1121s91106
143%102125117
10 JBO'S
95112
112
108%98%
IO4I4101%
i20i«7J'«1041039SH
lOJ
1051021*106
75
95
lOj
106100%103lOlifi,
U214 113125121 122118 125111 1121sII714II8I4I
11071031s103 1 104115
I
115 IllOia'115%'
I
117%U13 I
llBeUi; 109102% 103 14
1
108 1
111 ....101 lu5luois'lll12uia 121106i» 106
113118
Railroad bonds.
Chic. A Alton-(Continued)-Bds. Kan. C. llne,68,g.,1903.MANMlS8.Rlv.Bridg6,l8t;,8.f..68,1912Lonla'aA Mo.R.,l8t,7a,1900FAAl:SSIf'a AMo.R.,2d 78 1900MAN8t.l-.Jaok8'v.A C, 1st ,78,'94.AAO
do Ist guar.(564),7s,'94AAO
do 2dM. (360), 78, '88..JAJdo 2d guar. (188) 78,'98.JAJ
CWcA Atlan!lo-let. 68,1920.MAN2d 68,1923 FAA
(mic. B. A (}.-Con8.
,
7b, 1903 . .JAJBonds, 68, 1895....... JAD6s. sinking fund, 1901 AAO88, debenture, 1913 MANIowa Dlv. 58, 1919 AAOIowa Dlv., 48, 1919.. AAO48, Denver Ext., 1922 FAAis! plain bonds, 1921 MASPlain, 78, 1896 .JAJNeb. Ext.. 4s, 1927 ....MANBur. A Mo. K., I'd M., 78,'93.AAOBur.A Mo.(Neb.), l8t,6»,1918.JAJ
do Cons, 68, non-ex. .JAJdo 46, (Neb.), 1910... JAJdo Neb.RR,l8t,78,'96AAOdo Oin.A8.W.,l8t,88,1896
rU. Grand Tr.. Ist, 88. '90.. .AAO,Ott. Oaw. A Fox R., 8b, 1900.JAJQuincvA Wars'w, lBt,88,'90.JAJAtch'n A Neb.-l8t, 78.1908 MAS,EBPub. Val.. Ist, 68, 1919.. .JAJ
Olilc. Burl.A Nor.-5B, 1926.. AAO2d. fa, 1918 JADDebait. 6s. 1896 JADEuuipiueut 78, 1903 FAA
Ohlc. A Can. 8o.-l8t, 78, 1902 AACChic Kan. A Weat'n.—Ist, 5e, 1926Income 68, 1926
Chlo. A East 111.— let mort. 68, 1907iBt, con., 68, gold, 1934 AAOGen. con., Ist, 58, 1937 MAN
Cliic. A Gr. Trunk-iBt, lis.. 1900..Chi •. A Gt. W.- l8t,g..58,1936.JADCh.A lull.Coal R'y,l8t 5.'i, 1936 JAJChic. Mil. A St. Paul—P. du C. Dlv., lat, 88, 1898. FAAP D., 2d M., 7 3-108, 1898. .FAAR.D., lat, $, gold, 7s, 1902 ..JAJLa. C, lat M., 78,1893 JAJI. A M., Ist M., 78,1897 JAJI'a. A Dak., Ist M., 78, 1899.JAJHast. A Dak,Ex.l8t,78, 1910.JAJ
do 58, 1910 JAJChlo. A MU., iBt M.,78, 1903.JAJCouaol.. 78, 1905 JAJlat M., I. A D. Ext., 7s, 1908JAJl8t M.,08, S'thweat Div.l909JAJlat M., 58. La C. A Dav.l919J&JSo. Minn, lat 68,1910 JAJChic. A Pac. Dlv. 68, 1910 ...JAJ
do West Dlv., 5s,1921.JAJChlo. A Mo. Riv. 58, 1926. ...JAJMineral Pt. Dlv., 58, 1910...JAJChic. A L. Sup. uiv., 58, 1921JAJWi8.A.Miuu.Div.,5B, 192 1...JAJTeiujinal 58, g., 1914 JAJDubuque Dlv., 1st, 68, 1920.JAJWis. Val. Dlv., lat, 68, 1920.JAJFargoASouth.- 68. ass. 1924 JAJ 1
Inc. conv. aln. fund 5s, 1916 JAJlDak. A Ot. So. 5s, 1916 JAj|WiacouBtn Val., lat In. 1&09.JAJ
(^hie.A Northw.—Con.78,1915.Q—FjConaoi., gold, 78, cp., 1902. .JAD]Sinking fund, 68, 1929 AAO
do 58,1929 AAOdo debent., 58,1933.MAN
Exteu. bds. 4s, 1926 FAA25-yr8. deb. 5s, 1909 MANEscan.AL.Sup., Ist, 68, 1901.JAJDea M.AMinn'8,lat,78,1907.FAAIowa Mid., Ist M., 8s, 1900.AAOPeninsula, Ist, conv., 78,'9S.MASChic. A Mil., Ist M., 76, '98. -JAJMil. A Mad., 1st, 68, 1905..M.A.S.Madison Ext., Ist, 7a, 1911.AAOMenominee Ext.,lst,7,s,1911JADNorthwest.Un.,l8t,7s, 1917.MASWlnonaASt.Pet.-2d73.1907MA.NOtt. C. F, A St. P., 58, 190;).. MASNorth. Ills., Ist, 58, 1910.. ..MASChic. A Toiuah.— l8t,68.'U5.MANOedar R. A Mo.—1st, 78, '91. FAAiBtmort., 7e, 1916 MAN2d mort., 7s, 1909. guar...JAD.8. CA Pac, 1st. 6s, 189S..JAJ
ChicPeo.A St. U-Gu. 56,1928.MASChlc.R.I.A Pac—Ss,l9l7,coup J«JExtcn. Acol. 58, 1934 JAJChlcAS.W..l8t,7s,gHar..'99.MAN
Bid. Ask.
123 1251sI0714 ,
118>ii 1201s
114%113%11511670
32131
10114106 14104%61129895 1494 14
4II31481109%11910789%
5IIO5119104127103127107t02i<100991s1061s
Railroad Bonos.
6 6617
119125104 14
103
I2514llii
127Ill's1171s
toilsloo's105^8II214999',%94%1131s9438
IIOI4II9I4107 14
9011212110512714103 41271*lOTifl
1021s101)410)1071s
6318
105
102105
127120
1131s
123lu3is125126I3
1211s117's1041151s117106T810410li»103105 14
105ill3i4)106i4
100
126104128127
118107104 is
147129i»118110II4I499 ij
1064111
IO513
1131s:loeisl
IOII4
ISO's
nil*
101
1031?109476
}110>3loots
I!l2ll
120-120103>sllOis774HI
122
Chlc.St. L. AP.—l8t,58. 1932.AAOChic. A Gt. East., lat, 7a, 93-'95.Col.AInd. C, 1st M.,78, 1904.JAJ
do 2d.M.7s,U)U4..MANUn.A Logan8p.,l8t,7s, 1905.AAOCin. A CUlc. A. L., 73, 1890 FA \
Chi. St P.A K,a.-l8t,g, 5s,l936JAJChie.8t.P..Mln.A0m.—Cou. 68, 1930Ch.St.P.A.Minn. 181,68, 1918MANSt. PaulAS.City, lat68,1919.AAO
ChicA W.lnd.—S.fd. 6s, 1919 MANGeueralmort., 6s, 1932 ...Q—
M
Chle. A W. Mich.-58, 1921 ...JADJCin. A Bait— Ist, 78, 1900 ...JAJ I
Cio. Georg. A Posts.-Gs, 1901 AAOCin. Ham. A Dayl.—Consol. 08 AAOConsol. mort., 78, 1905 AAOConsul, mort., 68, 1905 AAO2il mort., gold, 4is9 19,17. JAJCm. H. A 1., ist M., 7s, 1903.JAJ
Cln.Jack.*Mac-lst,5s,1936 JADClii.Van W. A Mli-a. I.st,6s,l901
II9I4§125
{lc(2125110%107-s«1175 1045134512213lu7
133"10: =8
9212105U205115}H7ilOOe 911231271261141s118
§ 95%J113
^106 Is
5124iSll3is
> 97's51131s
' 96"
123
12110412131412310895133%10534
"95"
123"
12^)
"93"
1271a'
96118102is;
981a115
can. Leb. A Nor.— 1st, 58, 1916JAJOln.Rlch. A Chic—Ist. 78, '95.JAJCin. I. St. L. A Chic—Con. 68. 1920lat gold 48,1936 Q—
F
Cln.A Indianap., l8t,,7s, '92.JAD2d M.. 78, 1892 JA.1
Indianap. O. AL., 78, 1897. .FAACin. Laf.AC—l8t,7a,g.l901.MA8
Ctn. Rich. A F. W.—lst,78,1921JADOinn.Sand.A Clev.—68, 1900. .FAA2d mort., 78, 1890 JADConsol. mort., 5s, 1928 JAJ
Cin.ASp.-78, C.C.C.A I. , 1901.AAO78. guar., L.S.A M.S., 1901..AAO
Cin. Wash.AB.—lst,gu,4iss-6aMAS2d mort., 5a, 1931 JAJ3d mort., gold, 3a-48, 1931. .FAAIncome 5s, 1931Bait. Short L., Ist, 7s, 1893.JAD
Clearf. A Jeff.— l8t,6s, 1927. .JAJClev. AkronA Col.—l8t,68,1926JAJGm. M.. g., 5s, 1927 MAS
Cleve. A Canton -lat. 58. 19 17.JAJCnev.Col.Cln.AInd.-l8t78,'99MANConsol. mort., 78, 1914 JADCons. S. F., 78, 1914 JAJGen. con. 6s, 1934 JAJBelief. A Ind. M., 78, 1899.. .JAJ
Cleve. A Mah.Val.—G, 58, 1938JAJClev. A Pitts.—4th M. ,6s, 1892.JAJConsol. 8. F., 78, 1900 MAN
Colorado Mid.—1st, Os. 1936. .JADColumbia A Gr.—Ist, 68, 1910.JAJ2d mort, 6s. 1923 AAO
Col. A Cin. Mid.—Ist, 68, 191 4.JAJColuin. Hock.V. A T.—Con.5a,193lGen. 68 gold, 1904 JADCol. AHook.V.—lstM.,7a,'97.AAO
do 2dM., 78, 1892.JA-1Col. A Toledo— Ist 78,1905 . . FAA
do 2d mort., 1900. HASOhloAW.Va.,l8t,8.f.,7a,lbi0MAN
Col. Sprlngf.AC—Ist, 78,1901.MASCol. A Rome.- lat, 63, gu.Cent. Qi.Col.A West.-lat, 68, guar Ceut. Ga.Ool. A Xenia—lat M., 7s,1390.MAgConn. APaasump.—M.,78,'93.AAOConn. West.—l8t M., 78, 1900.JAJConnecting (Phila.)—lat, 6s ...MASConsol.RR.ot Vt., lat, Sa, 1913.JAJCor, Cow. A Ant.— Deb.6a, '9rSMANCumb. APenn.—l8t6a,'91....MASCumnerl.Val.—1st M.,8s.l901.AAODayton A Mich.—Con. 58,191 1 .JAJDayton A Union— lat, 7b, 19 >9JADDayt. A West.-l8tM.,6s, 1905.JAJlat mort., 7e, 1905 JAJ
Delaware—Mort., 68,guar.,'95.JAJDel.A Bound B'k—lat, 7a,1905FAADel.Laok.A W.- Conv.7s,1892 JADMort. 7a. 1907 MAS
Den. A R. 6. lat 78,gold,1900. MANlat con. 4e, 1936 JAJInipr., g., 53, 1928 JAD
Denv.ARio G.W.—l8t,03,1011MASdo assented Tr. rec.
Denv.S.P.APac—l8t,7a,1905 .MANDesM.AFt.D.—Guar.48, 1905.JAJ1st mort, guar., 2ia8, 1905 JAJIst M., on Ext.,guar. 4s,1905JAJ
DetAB.C.l8t,88,en..M.C.1902MANDot B. C. A Alp.,lst,6s.l9l3 JAJDet.G.HavenA.Mil.—Eiiuip.68,1918Con. M., guar. 6a. 191;? AAO
Det. L. A North.—lat, 7a, 1907.JAJGr.Rip.L.A D., l8t,53,1927.M43
Det Maok.A M.—Ld. gr. 3ia8, 8. A.Dub.AS. City— l8t.2d Div.,'94.JAJDul,UUAIrouR.—lst,53, 1937.AAOD.iluch 8, 8h. A Atl—5s,1937.JA JDunk.A.V.AP.—lst78,g..l900JADE.Tenn.Va.AGa.-l8t,7s,1900JAJDivisional, 5s, 1930 JAJCousnl. 5s, g., 1956 MANIst Ext., gold. 58, 1937 JADE<iulp. Aimp.,g., 5s, 1938. .MASMjbild A B;rm..l8t, 5a,l937.JAJKaoxv. A Ohio.lst 6s, 1925. JA.IAla. Cent, lat, 6a, 1913 JAJ
East A W. By., Ala. -Ist, 68, 1926Eastern, Mass.—68, g.,1906. .MA"Easton A Aniboy-M..53,1920MANElizab.Lex.A Big S.—6«, 1902..'HASEliuiraAW'inspt— 1st 68,1910.JAJPerpetual 5a AAO
Erie A Pittsb.— *.'d, 78, 1390. .AAOCons, mort,, 78, 1898 JAJEquipment, 78, 1900. AAO
Evaus.A Ind.— l8t,guar.,g.,63, 1924lat, con., 192G JAJ
EvauM.A T.H..l3t oon.,68,1921,JAJ.Ml.Vernon— lat, 68, g ,1923AAO
EvauBV.T.H.AChi.- 1st. 68, g.l9 JO
Fitchburg-58, 1899-1903 . . . Var.5s, 19118 MAN68, 1897 A.tU78,1894 A*04's8, 1897 ...MAS4s, 1907 AA'.JBostH.T. A West., deb. 58, 1913.
Flint A P. Marq.—.M. 68,1920. AAO1st, eon., gold, 53. 1939 MAN
Fla. C. A Pen.— lat, g., 53,1913. J JiJFt Worth A Deuv. C— Ist, 6s, 1921Frem't Elk'nA Mo.V.—68.1933AAO
^o do Unstamped..Gal.Hrir.ASauAut.- lst,68,g. 1910.2d mort. 78. 1905 Js.UWest. Div. lat, 58, 1931. ...MAN
Gal. HOU3.A Hen.—l3t,5s, 1913AAOGeorgia—6s, 1910 JAJlGa.Carol.ASo.—l3t,53.g.,1929. JAJGa. A 80. FU.-lst ds. g, 1927 JAJ
Bid. Aek
99%II414
104
96ai3%;110101
1 107105%|1151«(117^1155100 100«4Momiom} 10514 lOiH110
I
116991s 99%544 56279%
115»10397921s1214
12141191121071041a125100lOlis721s896966
ilOSia100110100108112
S101%SIIO4
28IOI4
118
9313123 >s
129>9
SB's691s65%109
119§ 89
115
112114
no's
891*
51074 108^120 ;12551131sM21
130 "a
lOJ1381a122791483%
136
13914
8085
914,91835083
91>39186
104i2'105ifl<!ll4ell4116
321091s103941s110
118113II6I4
34
loiii95
125"
1071a
94 ^sI
95I8
961a1121141a'
|.—
~
(61251a 126117 11181041s' 1051*12t> I •
1075100112 '
5101 ,108
llTn
lOo610251 '6
105107
51094|110i«
61111a 113510. |100>«C) 94 >a' 96inis'lOZ121 123105 107
94 4 96""
61256123
1251*1231*
106 ••••101
93 ..•M70 73
idi^s ioi%96 100
•Prl^uouunal; n. late transactions. 5 Purohaser aUo pays accrued laterest e in Londju. U Oji,..! ...1. « tu AgisterJam
August 17, 1889.] THE (JHRONICLK 199
(JENBRAL QUOTATIONS Ob^ STOCKS A.SD BOXDS—Oostinukd.For Bxplanatloaa See Note* at Head of Flrat Pace of Quotatloae.
RAILROiLD BOMDg.
GeorKla Pacltto-lst, 68. 1922.J&J, ^„,Con. 2(1 mort., 58, g , 1923. ..AiO 82»aCon. inuoinB, SSt g., 1923 . A.&0 30
Gr.Kati. A lud.— Ist, l.g., g'd, 78, g. 5120lat M.,7«,l.g., gold,not guar. Ac&O }H7Ei landgraut, l8t78,'99 51 10Consol. .58,1924 MAS
Gr.B'yW.ASt.P.—l8t,68,1911.F.4A 70>s2d, lucoiuca, 1911 Iti's
Han.&8t.Jo.-Con. 68. 1911. .MA?Kau. C. A Cam., 108, lfe92 . J.W 511*
Hart. A Conn. We«t.-5»,1903.J&.I 5 «»Housatonlo—Cons. 58, ia37..M.<:N „105Ho'st.E.iW. Tex.—l8t.78,'98.MAN <J7
H.& Tex.Cen—l8t 78, Tr. reo..l891 J20West.Dlv., l8t, 78,Tr.rec.'t)l.I&J 120Waoo&N.W.,l8t,78,g..l90l.J&JCons, mort., 8fl,1913,Tr. rec. A&OGen. mort. 68, 1925, Tr. rocA^tO
Hunt. &Br.Top-lst, 78, '90-.AcfeO2d mort., 7s, g., 1895 FAACons, 3d M. 58. 1895 A&O
lUlnois Con.—l8tC.&S.,68,'98.JAJl8t, K0ld.4s, 1951 J&JGold, Sins, 1951 J&JlCol. tr., gold. 48, 1952 A&OMiddle Dlv. reg. 58, 1921... F&aISterling. 8. F., 5s, g., 1903..A<feO|«l*>7Bt<rlinK,«en.M.,68,g.,1895.A&0,«ll'-Bterllng. 5s. 1905 J&l) elOU
AskBid.
lim)112><
12180lOlHi111102\112>a109 ,
93islI02i«115
8331122
96>«8417
iie"
74
123
82
95
II95 "a
5113117104101
513J<4
lOlia
3696<s
101 >«
959J
U15!(i
88132I9
11710096100100107k116^124'4
Clilc.St.&N.O.— let con. 7e, 1897. 1 '5
2d. 68, 1907 JAU '18Ten. lien, 7s, 1897 MAN '13.68, 1951, gold JAD IIS^IMem. Dlv., Ist Is. g., 1951JAD
Ind. D. A W.—Gold, 5s,1917...AAO2dm inc. 58, 1948 JAJInd. Deo.ASp.-l8t,78,1906.A,!fcO
Ind'poUsASt.L-l8t,78,1919.Var.Ind'apollsAVln.—let,7a,1908.FAA2d mort.. 68. g., guar., IQOO.MA.N
Int.AGt.North.—l8t,6a,1919..HAN2do)Up. 68, 1909 MAS
Iowa Oent.— lat g., 5s, 1938. JADI'aFalls St. 8. C—l8t,7B,l917.AAOJaok8onv.8. E.— l8t, (i8.1SilO...J*JGen. mort.. 88, 1912 JAJCb.P.A3t.L.,l8t,58.g.. 1928. .MASLdteh'ld C.A W., l8t.6s,1916.JAJI..oui8ville A St. L.. 5s, 1927.AAO
Jefferson— 1 ei 5s, gu ir. Erin . . 1 909Jefl. Mad.AInd.-l8t,79,1906.AAO , -
2d mort., 7s, 1910 JAJ 5 123 "a
Kanawha A 0.—l8t ds. 1936 J.AJ'Kan. C.Clinton A Spr.— l.st,5s,192'Pleas. Hill A De Soto, Ist. 7«, 1907
Kansas C. Lawr. A 80. Ist, 6«. 1909Kan. C. M. AB,-l8t, 58,1927.MASK.O.Bt.Joa.AC.B.—M.78,1907. JAJNodawaj- Val., 1st. 78.1920.JAD
K,C.F.8o.AMem.-l8t.«8,l928.MANCurrent River, 1st. Ss 1927. AAO
K.C.Ft.ScottAQ—lst,78,1908 JADKan. C.Wy.AN. W. -Ist 5s. 193-!.JAJKen. Cent. Ky.—Gold Is, 19^7.JAJKeokukADesM.—l8t.58,guar.AAOKlngsCo, EI.-Sr.A.,f8, 1925.. JAJKings. A Pem'j.— Ist. 08,1912 JAJLake E.A West.—l8t,g.,5s,1937JAJ 112 "a
Like Sliore A Mioh. 80.—01. P. AA8li.,new78, 1892..AAO HIBnff.AE.,newbd8,lVI..78.'98.AAO 12214Det.Mon.ATol.,l8t,78.1906.FAA '32Kal.A Wh. Pigeoa,l8t.78,'90..J,feJ 101i«
Dividend bonds, 78, 1899. ..AAO '25 >«
take ;lioie,cous.,cp., l8t,7s.JAJ 125do oons.,reg.,l8t,7s,1900.Q—J 125do oous.,op.,2d,78,1303..JAD 126 «do eons.,rcs..2il,7s,1903.JAD li5>a
Makon. Coal RR.lst,5s,193i.JA.ILehigh Val.—Ist, 6e, 1898....JAD H?2d mort., 7s, 1910 M.fes' ISOHiGen. M., 6s, g., 1923 JAD 13^^
Lltchf. Car.AWest, Istg. 6s.'l6JAJ llOO-s
10171123
109113108118
a7»s9987 >a
Bailroaii Bonds. Bid. Ask.
92 100
108108 >«
1051s107i«
125
6120131114
5100isU00%
130
SOOg18101
5IO6I3 10710iii4 106%12a9877121 >«
101.81
135
IBS'*
L. Miami—Renewal 58,1912. ..'VIANL. Rook A Ft.S.—1st, 7s, 1905..JAjl5lOOLittle R.A .Mem. -l8t,5a,1937.MASLong Island—1st M.. 78, 1898..MAN 121Ist consol. 5s, 1931 Q—J 117i«Gen. M. Is, 1938 ...JaD lOJN.Y.&R'yBVh,lstg.=!8,1927..WAB 1072d mort. Inc., 1927 S
N.Y.A Man. Beach. 1st 7s.'97,JAJN. Y. B.AM. B., 1st liou. 6s. 193.5Brook. A ,Mon.,lst(;a, 1911. FAAI 120
l8t 58, 1911 Mas m2d, 58, 1938 IAD 108
SmllU.APt.Jeff ,l8t.78,1901MA3 1 12Lon'v.C.A Lex.— lst,78,'97 JAJ (et, 51132d mort., 78, 1907 AAO 5120
Lou'v.Ev.ASt.L—lst.68,1926.AA ),5U02d mort.. 2-6s. 1938 AAO 5 67R AE. Div., lit, tis, 1921.. JAJ 5 Oj
Louis. A Niiah —Cons. l8t, 78 189b! 119'4CooUlan Br., 78, 1907 MAS' lOo'sLouis. Ciu. A Lex., 6s. 1931.MANi 109Hem.A 0.,8tl., M.,78, g.,1901JAD'«120M.ACIark8v..8t'g,6s,g;,1902FAA ell2«. O. A Mobile. 1st 68, 1930.JAJi 115„ do 2d, 6s, 1930 ...JAJ 100Pensacola Dlv.,lst,6s,1920..MAS 110Bt. LouisDlv..lat, 68, 1921..MAS 12 J
„ do 2d., 3s,, 1980.Mas;Bash. A Dec, Ist 7s, 1900. ..JAJE. H. AN., 1st 6s, 1919 JAD'Gen 1 mort., 6s, 1930 JAD8o.ANo.Ala.,8. F. 8s, 1910 AAO
100%
40
110
66I2i>it115113%107 Si
112Trupt bonds. 6a, 1922 Q— .M^Ten-forty 68. 1921 ...MANi50-year gold, 58. 1937 MANOol. tr., gold, 5s, 1931 MANPensa. A Atl.—l8t,6s.gu,'21.FAA ^^^,NaaU.F.A8.1at{dg.5s,1907.FAA 97111
101 1,
100
HI121llOH)6714HO120
uo"123115
123117114%
113
102115117>s
102"li>8
108 "*
91855276 >«
103
U»1061a101
107"96 <«
"'62"
t,'8 7.N.A.AClilo.— lat.68,1910. JAJOoTi. mort. 68, 1918 AAOInd'ap. Dlv., 88 gold, 1911. FAALoulBV.Sc— Ist Os.g. 1017. M.AS. 97''a 9y>«
Lol8V.N.O.ATBX.-l«t.48,1931MA82d mort.. Inc., 5a, 1931 MAS
r,oui».St L.AT.— 1 St 8s,i,'.1917.FAAMalneCont.—Mort. 78, 1898. ..JAJEtten. bonds, 8s, g., 1900...A&OCms. 78,1912 AAOAn ir.iecog. A Ken
. , 68, 1 890-9 1 . .|
Lodds A Farm'gt'n. 6s, 1896.JAJPo.-tl. & K..Con8. M., 88, '95.AA0]Debenture, 8s, 10-208. 1905 FAA
Man. Beach Imp ,lliu.,7a,1909,MASMarietta Min.-lst, 88, 1915. M.tNMar'taAN.Ga -let.6a,g.,l»ll.JAJConsol. lit 6s, 1937 JAJ
Mani'tte HcA O.—Mar.AO.,88. '92
18,1908 MAS6n. 1923 (extension) JAD68, 1925 (Mary. A West.). A&O
Mempli.A Charl.-l8t,7a, 1915.JAJZd mort., 78, extended, 1915.JAJ1st consol. 78, 1915 J&Jl8t, cons.. Ten II. lien, 7s,1915J&JGold, 68. 1924 J&J
Matrop'nElev.—l8t,6a, 1908,J&J - .-2d 68, 1899 MAN IO714 108
Mexican Cent.—Con. 48,1911.. J&J ^ eoSs
lat con. inc. 3a, 19.39 July 30i«
2d con. Inc. 3,s 1939 July 17'«Debenture 10a, 1895 A&O 5102
Mexican Nat.-l8t, 8s, 1927..JAD 1012d M.,8er. A,lnc.,8a,1917...MAS 582d M., 8er. B, ino.,03,1917.. April
Mloh. Cent.—Consol.,78, 1902.M&NConsol. 58, 1902 MANl8t M. on Air Line, 88, 1890.J&J ,
Air Line, lat M., 88, guar.. .MAN noiisllOZ68. 1909 MAS58. coup., 1931 MAS lUHi!J.L.A8ag.NorthExt.,8e,'90.M&N
I
do Cone.letM.,88,'91.MAS"""'
do 68,1891 MASJoliet A N.Ind.,lat,78 (guar.M.C.)
Midd. Un. A WatCJap—l8t,5a,19H2d 58. quar. N. Y. S. A W., l-iOa
vril.L.8h.AWe8t.-lHt6a,1921.MANConv. deb. 5s. 1907 FAAExt. A Imp. 8. f. a. 59, 1929. .FA.\Mich. Dlv., lat, 8a, 1924 J&JAshland Dlv., lat 63, 1925. .MA8|Incomes, 88, 1911 MANSt. P,E. AGr, Tr'k, Ist, guar..88.
Mil. A No.— Ist, 88,1910.. .JADIst, 6b, on extension 1913. .JAD
Mlnn'p. A St. L.—Ist, 7a. 1927.JADlet M., Iowa Citv.fe W., 1909.JAD2d mort.. 78. 1891 JAJSouth west. Ext., 1st, 78,1910.JADPacific Kxl., 1st, 8s, 1921.. AAOImp. A Equip. 6s. 1922 JAJ 50
Minn'p. A Pac, lat, 5s, 1936 JAJ « 92M'un.8.Sto. M. AAtl.-l3t,5.-i,lli26 90ia
iMInn. A N. W.—let, Ss. 1934.. JAJ e 92Mi88.ATenn.—lat, 4s. 1952 ..JADMo.K. A Ter.Con8.78.. 1904-6. FA.lConsolidated 6s. 1920 JADConwlidated 5s, 1920 JADl8t, 68. g., 1899, (U. P. S. Br.lJ&JHan. A C. Mo., lat 78, g.,'90.MAN
Mo. Pao.—Consol. 68, 1920. ..MANPao. of Mo., 2d 78, 1891 JAJ
l8t ex-,, g. 48. 19J8 FA.\Car. B.. Ist . 6.*, g. 1893 AAO3d mortgage, 7a, 1906 MANTruat, gold, ^s, 1917 MASLeroy AC. Val.. U ,5s. 1926.JAJ
MobileAO.— l8t,i,'M. 88, 1927.JA J
Gen mort.. la, r.l3S .M&3l8t Extension 88, 1927 Q—
J
l8t preferred debenturesSt.L.A Cairo—l8,guar.,1931.JAJ 76 79
Morg'u's La.ATex.,l8t,6a,1920JAJIst mort., 78, 1918 AAO
MorrisA Essex— 1st, 78, 1914 MAN2d mort, 78, 1891 FAAConv. bonds, 78, 1900 JAJGeneral mort., 78, 1901 AAOConsol. mort., 78, 1915 JAD
Nashua A Lowcll-63, g., '93.FAA58,1900 FAA
Nashv.Ch.A St.L.— 1st, 78,1913 JAJ2d mort.. 6s. 1901 JAJCon.aolidaiedgoM ss. 1928.AAO
NasUv.A Decatur— lat,7s,1900.JitJNatchez Jack. A Col, -lat, 6s, 1912N. J. Junction, Ist, la, lsi88..FA.1iN.J. AN.Y.-l.-it, 88, 1910. ..MANN.J. Southern— 1st, 6a, ls99 jJAJN. O. A (Julf.- l8t. 68, 1928. .MA.VN. O. A Sortheaat. -Prior 1.8s. 19 15N.YA Can.-£ M.,88,g.,1901.MANN.Y.C.A Hud Riv.—Exi'dSa. MANMort., 7s, coup., 1903 JAJDebenture 5a, 1901 MASSterling mort., 88. g., 1903. ..JAJ el2J 125
N.Y.Chic.A3t.L,.-l8t,48,1937,AAON. Y. Elevated.— lat. 78, 1906.JAJN. Y. A Greeuw'd L.— Ist M. inc. 682d mortgage income, 6s
N.Y.AHarleni—78,ooup.,1900.MANN.Y. Lacli.A W.— lat. 63, 1921.JAJ2nd, 5s, guar., 1923 ...FAA
N.Y.L.E.AW.-latM „ex.78,'97MAS• 2dmort. extended,58,19l9.MAS 119 1223d M. eitend.d, li^s, 1923. ..MAS4th M., extended, 58, 1920. .AAO
lOi 1 5th .M .extoudod. Is, 1928.JAD; 10J% lu3is!103i«
IIstcoua. M.,7a, g.,1920 MAS l4l%Hi
102 I New2ddon8.88, 1969 JAD 103%; 101%97 %!l Collateral Tr. 6a, 1922 MAN^
9163 >s
5835
iViJ
103y9>«
iio'ii
99
94
911021s956159
Railboad Bonds.
«r. Y. Lake Erie 4 West.—(Cont'd)
.
Fund. 58, 1909 JADl8t con j. fundooup.,7s,1920 MASRaorganlzat'n 1st lien, 68, 1908Gold income bonds, 6s, 1977....Long Dock mort., 7s, 1893..JAD
do oon. g., 68, 1935 ..A&ON.Y. A L. Broh— ist. 58, 193 1 .JADN.Y. A NortU.-lst g..5s,192r.AAO2d gold Is, 1927
N. Y.N. H. &H.lstr.4s,1903.J&DN.Y.Ont.AW,—l«t.g„88,1914M&3N, Y. A N. Eng,—Ist, 78, 1905.JAJlatM., 88,1905 JAJ2d m.,68, 1902 FAAlid 6a (scaled to 38) F&A
N.Y.Pa.*0.—l8t, lno.,aoo.7s.l905do prior liea,lno.ao.,68,189A
Equip. Trust., 58,1908 M&N2d mort. Inc., 58, 19103d mort, inc., 58, 1915.Leased L. rental trust, per deb. 4s
Bid.
8}136108
i'ix
120110
521105«113i«I28i«118%10»>s101 >«
e 30ellOe 94
4>«t 288
West. ext. oertifs, 8s, 1876..J&J e 70e 70110%50
^•k.
90H140
US
101 14
8mi1191s12011810911293
"b6''4
109100 Is
1011051^3101118128113128125105
1091H1«119120
104100
80 85
do do 7s, guar. ErieN.Y. Phil. & Nor.-l8t, 1923 ..JAJIncome 6s, 1933 AAO
N.Y.Susq, A W.-Dob. 6s, '97.FAA1st refund., 5s, 1937 lAJ2d mort., liss. 1937 FAAMidl'd of N. J.-l8t,6s.l910.AAO
Norf. A West.-Geu., 6s, 1931.MANNew River l8t 63, 1932 AAOImpr. A Exten., 6s. 1934....F&AAd.|U8tment 78, 1924 CJ.-M.Eiiuipment, 58, 19J8 JADConv. dob., 88, 1894. JAJClinch V. D., Ist eq.58,1957.MASNorf'k A Peter8b.,'2d,88, '93.JA.J80. Side, Va.. ext. 5-6-88,'90-1900
do 2d M.,ext.5-«8,'90-1900do 3d M.. 6s, '96-1900.JAJ
Va.A Tenn.. 4th M.,8s, 1900.JAJdo extended 58,1900.JAJ
North Peun,— lat,78, 1896....MANGen. mort., 78, 1903 JA.IDcbenturo63, 1905 M.kS
Northeast.,8.C.— 1st M.,8a,'99,M.ifeH2d mort.. 88. 1899 M.tsConaol. gold.08, 1933 JAJ
Northern, Cal.—l8t. 68, 1907. .JAJNorthern Cent.—liss, 1925.-AAO2d mort., 6s, 1900 AAOCon. mort., 68, g., coup., 1900.JAJMort. bds., 5s, 1926, serlesA JiU
do series BCons. M. 68., 1901 JAJCon. mort. 8tg. 68, g,, 1904...JA.IUnion R it.—1st, 8s. end. Cant.,'Oo,
North.Pac.-Gen.lst. 68. l921.JAj;Gen. laud gr., 2d, 68, 1933,. .A&OGen. Ian 1 gr., 3d, 6a. 1937...JADDividend scrip ext. 88, IB07.JAJPen D'Oreille Div., 68, 19 19..MASMo. Dlv. 6s. 1919 MA.**James Riv.Val.—let,g,.88.'36JAJSpokane A Pal., 1st 6s, 1936..MANSt.P.ANor.Pac. gen.8s,1923.FAAIIelenaARedMt.l8t,6i.l937MASDul. A Man.. Ist. 6a, 1936. ..J&Ji Ill'sDak. Ext.,l8t,8,f.68,l937.JADl
No.Pac.A Mim., l9t,8s, 1938.MAS 107CoeurdAL.lst.g , 8s, 1916..MAS 10.1
do Gen. 1st g., 68, 1)38. .AAO 107Cent.VVash'n, Ist g.6a.l93^.'vlAS
,
18699% North. Pac. Ter. Co. -l8t,68.'33.JA.I, I0a>s101 I Norw'U&Wor,—lstM..6s.'97..MvS ;il8
Ogd'UBb'gAL.Ch.- Ist M.68,'97,JAJ 5 100 1«
Slnkinjs fund, 88, 1890 MASiJ lOOis
Consol, ,63, 1920 AAOi 101Income, fis, 1920 21
Ohi.i I. A W.—lat pfd. 58,1938. Q J 101l8t 58, 1938 Q-J 752d 5b, 1938 Q-Jlat ace. int. cert2d aco. int. certInd Bl. AW.—Ist, pf., 7s, 1900..Consol. inc. Trust rec
Ohio A Miss,-Con8.,s.fd.7s,'98 JAJCons, mort., 78, 1893 J&J2d mort., 78, 1911 AAOl8tgen,58, 1932 JADIst.Springf. Div,, 78, 1905 MAS
Ohio River RR.—Ist. 58, 1936.JADGen. gold, 58, 1937 AAO
Ohio Southern— l8t 6s, 1921 . . -JAD2d income, 68, 1921
Old Colony—68, 1897 FAA68, 1895 JAD V..-7s, 1891 MA.S 5114lisa, 1901 AA0 51U81S4is3, 1397 J.tD|5l0548, 1938 JAl 5101
l8t.78,1890JAJ §
B.C. F. AN. B., 53, 1910..JAJi5ll3
5S>*
i'l4%12911011010531113965>tS
917675111*«52
l6i\83122I20>s118
111105
99%,
57
log108116%116105>»103
107
iV9%
1271a
ioe"
i'ii"145108110131
436030
"17'
11711712596 la
Ill's10087
11156 >s
5115:5112
Bost.C.'A Fltchb.,l8t.78,1890JAJ 51 )Ois
B.C. F. AN. B., 53, 1910..JAJi}ll3N. Bedford RR,, 78, 1891 ..JAJ 5112
Omaha A St. L.— lat, 43, 19:i7..JAJOrange Bolt-l8t.M.,5s, 1907..JAj!
97HI
124
106
112
i20>i122no's110''8
111
iifi*
108>a120103
ioJTj107%
i07i«
1171011011041s27
46653S12321118118
97
7714
Oreg.ACal.-I8t58, 1927 JAJ elOi^OregonATranacout.—63,l922.MAyi 105 14
Oaw.ARome—lBt M.,78, 1915.MAN 512413Ox.AClari.— '.St, p.AI. gu. 6S.-MAM1 105
1st interest guii-., 8s 1937. .MsN| 102ia
Panama—Sterl'g M.. 7s. g. '97.AAO elo6Subsidy bonds, Eug. issue, 63 el03
Penn.KK.-Gen..M,83,cp.,1910Q—j:Cons, mort., 8s, 1905 Q—M, IJ^i*
Collateral truat, 4is3, 1913. .JAD, 108Consol. 58, 1919 JAD, 111Penu. Co., 68, reg., 1907....Q.—Ji 107's
do lstM.,4is<. 1921.JAJPenn.A N.Y.Cau.- l8t. 73, '96.JADIst mort,, 78, 19 J6 JADiA RR. con. 58.1938 AAO
102
il2%58
116112i«114i«11010610610111411478
ioiii1051s
103108106129
IIOI4118
i"l5i4
lOS
119"
lis"
•Prices nominal; no Ute tran3aotiun.8. JPoiohaaer also pays accrued iutorast. ela Lonlon. UCaapjaoa. » In FraaktorL
200 TOE CHRONICLE
RiiutoAD Bojro*.
GENERAL QUOTATIONS OF STOCKS AND BONDS—OosTivaED.
For Brplan«tlon» see Note, at Head of Plr»t Page of ggotatlona.
,. Bia. Ask. RAlIiOAD BONDS Bld^ Aat. Railhoad Bo
[Vol. XLIX.
Pent.di Atlaiitl'
rco. Dec A I
3dniort(t»i^KVSIlKVilll
!•
rh
iBt. (13.1921.P*Aittao J4.I
MAN1020.M4S1U21 q-F
M*Nl'J18 -ft-J
(J.-J\,5B,192e.JAJ
,AAO
. Hr.,68.g..'20.JAJ. ..(1 AAO
1- l.r.o AAOI u-lst.-i", 1997..AAO
; ;m1'k—l»t,6«, 1910.J4J. i:{ ...AAO1 7-^.l!ni.re»f.Acp.J*Di,,..r!.. (is. 11)11 JAl^:: . Mt iiMirt.,6». '97 AAO
; -r 6iTlP».19V2....MAN.i-oiiie 08,..Sg, gcilil, 19.'58....F
:iic.. 5s. gold, 1988. ...Puu:. ^8, KOKI, 1958. ...Finc.. couvrrilhle —
New Ki'ii. luurt.. Js. 1958... JAJOottlA 1., Kuar.,7s.'9'^,ex-cp.MAf
rhllK. Wll. A Bait.—6b, 1892..AAO
2'1, 7- :
<,.:.-.
Ii,:r.. .
1
I- .
E.lir.:.Sil I>rif
8<1 pr.f.
lOS71>«108113
103
10610«>>
iYs"loaae
Vii'113136
ios"lOlsguSCg
90>«
510268,1900............: ^*iiJu,28.. 1910.,..,.,....„.^. .JAD i}**^
rprp
U7108115el281451^3
83
107
40103''e
149
3510211610491>s
1101U399>4
107107IIII4
Tiiist cf rt.t. Is, 1922 MAN('s, 1»32 JAD1..—lst,78,1900.FAA
iil.-lPt,Hs, 1922.AAOl»v.—l8tM.7s.'98.J.W:s. M. 68,g.,guar..IAJ
I>; J; C.-l8t,7«,1912 Var2<1 mnrt., 79. 1012 JAJ8<lmort..78.1912 AAO' •--•
PlttBb. June, li-tes. 1922 J&Jl 109Plttsli. A lake E.-2d,5H. 1928.... i---Pltt8b. McK.A Y.—l8t.6B,1932..1AJ 118PlttH.Paiu.AK.— l8t,t'.„»6.1916JAJPIttBli. A West.— iBt, 48. 1917. J&.IPitts. Y. A A»li.- Ut,Ss,U>27.MAN
AMitiit'ii'a A PittP.-l8l 6e. 1908.P, ;.'K— l8t(is.K.,1900JAJ 5II8
P Alls-— Ist, 68, '99.JAJ 106!!.,C«, lS9tf JAJ
Port».(;t.l . \C.D.—4148. id:i7.JADPros. AAriz.C—letg 68,1»16.JAJ2dlue. «p, 1916 JAJ
Piov.A Wones.— let '8,1897.AAO }116>sBen.AS'toi:a^l8t7s,l»2] eou.MAN '""'
Eieli'd A Allefrli— Ist.Drex.ricelpls2d iBort. (a, 1916, tni8t icfeipts.
Rich. ADiiiiv.-Cou.. 68,1890.MANGeneral mort., 6e, 1915 JAJDebemure, 68, 1927 AAOCon. gold, fs, 1936 AAO
Bleb. A Petprsb., 6e, 1915. ...MANRich. Y'ork H. A Cbes., Ist 8f, 1 8942dniort.,68. 19C0 MAN
Bleh. A West Pt.Ter., fis, 1897.FAAfol. tniat. Itt, fp, 1914 MAS
Borne & CatTollt.— lat, 68. g., 1P16Borne A Dee.—l8t., 69, 1926. .. JADBomeWat'nAO.—8.F.,7a,1891.JAD2d mort., 7a, 1892 JAJfoiiaol.. Blended 58. 1922.. AAONor.AM.-Ut gu..g.,5e,19i6.AAOK W.AO.Ter.— lst,gu..g.,5s,19IH.
Bntland—l8tM.,68, 1902....MANEquipment, 2d 58, IsOS FAA
BtJo.AGr.IalM—l8t,gHar.68.1925.2d mort.. Incomes, 5b, 1925Kau. (.-. A Uui. Ibt 58, 1927. .JAJ
Bt L.Alt.AX.H.—l8t M., 78, '94.J1SJSd mort., pref.. 78.1894 FAA*d Income, 78, 1894 MANDlT. boude, 1894BelleT.A8.IU.,lst,8.F.88.'96.AA<)Bellev.A Car.. Ist 6s, 1923..JADChSt.l-.A Pad.,l8t,g., 68, 1917..Bt. L. Sonih., l8t, 4b; 1931. .masdo Sri, Income .'8,1931 ..MAS
Call). ASb»w.,l!.tg.J«,li'32.MASBt. L. Ark. A Tex. 1st 68,1936.MAN2d mort.. 6e, Is-Se F&A
Bt. L.&CI1IC.—l8teon.t8,19'.i7.JAJBt. I* A Iron Mt.—l8t,7s,'92. FAASdnion.,78, g., 1897 MAKArk. Br. 1. gr., M., 7», g., '95.JAD(Mro Ark. A T.,l8t,78,g.,'97.JADCatroAFul.,lst.l.K.,7B,g.,'01.JAJGen. con. r'y A 1. g.. 58.1931AAO
Bt L.AB.Fr.-2dcl.A.68,lU0B.M&N2dM.,6s, clasBB, 1906 MAN2d H., 1 8, Class C, 1906....M*NKan.C. A8w.,lst,6B,g.,1916..JAJPierre C. A 0. 1st, 6s F*ABqolpment78. 1895 3&DGeneral mort.. 68, 1931 JiJGeneral ni(.rt.,5«. ISiSl J*JiBt trust. K.. 58, 1987 AAOFt.e.A V.H.r,d.,lBt,68, Ifilo.AAOBt.L.K.&Su.\V. -1st 6a. 1916MASBt. L. W. At W., 68, liil!).... w,\iS
Bt.L.Vaud.AT.U.-l8tM.,7s,'97.J*J2d mort., 7s, 1898 MAN2d, 7b, guar., 1898 MAN
Bt P. A Dulutb-lst, 58,1931.FAA2(1 mort., 6h. 1917 AiO
Bt.P.Miun.A Man.—iBt "8,1909 JAJ2d 68, 1909 . AAODak. Ext.. 68. 1910 ."maNlet consoL 6». I'.i33
,7A-,Ido rednced to 4>«8 ..JAJ
CollBt. fr.. g , 5a, 1B98 FAAMinn's ll'n, Ibt. 68, 1922 ....Ja,jMomaiin Kxt., l8t,4B. 1937.JA-IJMonlBMi < eut.—
1 M. es, liisVJA.i
11074107 >«
70lo,^102 >2
107109
iie"103%
124
'\6iK15em66%51
"ec»g
103logi*105102
118
1171506936is
104>J93125
105991580M95
5ll2^huo>4106
82'112
106>4
p.-.
1201081018340b2811,27's
106108165%10310i5885 14118117»«117Hi97
118103%98 >s
97
116106 1«
108110
1161301461s145>a
10084i«
120108
10497
112
1121slOOisiceij4087
II2I4
45
82>4281*42
ice's110106i«101102'£86
II814101
119
105
117
lt61141-2
121*6 .:.... I
120%|1211181s!lOlH!....98=6 991s
8738 87's,114lslM
S»iiAnt.&A.Fass.,lst.68,1916.J&Jdo i8t.«B.1926.J*J
SanF AN P.-lst,''8,g-,1919.-.J4J
I^SdiiBky Mknsf.A N.-lat, 78.1909
iir. FI. A W.-lBt, es, 1934. .AAOAt. & Gulf, con- 7s. "97 ... JAJ80. G». A Fla.-lBt, 78, 1899.MAN2d 78 1899 Mi\;.\
ieaboa'rd A Roan.-es, 1916. FAA5». coup., 1926.... -....-;„ JAJ
9eat.L.8.AE.-lst,gold,fi8,'ai.FAA
8 -loto Val.-lBt,78. B.f. Tr. rec.JAJ
I2d mort. , 7s, s f. Tr. rec AAOConBol.79, l!'10-vV-";;oMfcv
SUam. Sun.A Lew.-lat, os, 12MANIsham.V.A Pott.-.-78, eou. 1901J&J^henandoan Val. l8t.7e. 1909.J&J
:General mort., 68, 1921 AAO
laUreve. A Houa.-lst. 6s, K"-. 1914todus BayA So.-l8t,59,g.,1924JAJ
80. Cen. (N.Y.)—Consol. mort., 5a..
80. CaroUna-lBtM.,63,1920..AAO2d mort., 6B, 1931 J&JIncome 69, 1931 - - - - - - - - -
9o Pfto.Cal.-l8t,68,g.,1905-12 A&OIst con. g, 5s, 1933 -'iAO
9o. Pao..Arlz.-l8t,68.190910.JAJ80. Pac. N. M.-l8t, 68, 1911 -JAJ8pok.FallsAN.-l8te6,g.,!939.J&JState L. A 8ul.-l8t 68, 1899. .
. J<tJ
l8tat. I8l. R.Tr.—Ist 68,s..1913.A&O2d mort guar. 59. g., 1926 . .JAJ
Steuben. A Ind., Ist 08, 1914. .JAJStock. A Cop —Ist, 59. 1905. ..JAJ9anb.Haz.AW-B.—lst,59,1928M&N2d mort., 6s, 1938 MAN
Smb. A Lewi8town, 79, ISnC.-JAJ8uBp. B. A Erie June—let 7s, 1900Syr.Btag.AN.Y.—con8Ol.78.'00AAOTerreH A Ind.—lBt,7s,lSl'3 AAO
C.in9ol. mnrt., os, 1925 J&JTeiTe H. A Log'pt.— l8t,gH.,63 JAJ
Ist and id, 66, 1913 JAJT«i. Ceut.-let,8k.M.,78,1909MANlBtmort.,78, 1911 MAN
TeiaB A New Orleans—l8t,78.FAASabine Dir., lat, 6e. 1912. ..MAS
Tei. A P.-East.D.lst6B,1905.MA8Ist gold, 68, 2t00 JAD2d gold inc., Ss, 2000 Mcb
Tol.A.Ar.AN.M.-l8t.69,1924.MANTol. A. A.AGr.T.—l8t.68.1921.JAJTol. A. A.A5I.P.—lst,68,1916.MASrol. A. A.A Cal.— l8t,63,1917. M&aTol. A Ohio Cent.— Ist, 5s, gu.193.5ToI.PeoriBAW.—lst,4s,1917....JAJTol. 8t.L.AK.C.,l6t,6s,1916...JADUnited Co'sN.J.—Con8.,68,'94.AAO
do gen. 48, 1923 FAASterltng mort., 6s, 1894 MAS
do 69,1901 MASCam. A Amb.,mort., 68, '89.MAJJ
Union Pac.-lst, 68, g., 1896..JAJl8t, 68, 1897 JAJlet, 68, 1898 JAJ1st, 68, 1899 J&J8ink.F.,88, 1893 MASOm. Bridge, sterl. 88, g., '96.AAOCoUateral trust, 68, 1908 JAJCollateral trust, 5a, 1907. ...JADKans. Pac, iBt, 68, 1895....FAA
do iBt M.. 6s, 1896 JADdo Den. Ext., 6s,lb99.MANdo Ist cons. M.,68,1919MAN
Oregon 81iort-L., 6s. 1922 .. FAAU.PiLin. ACol.,l8t.g.,58'18AAO
Utah Cen.—1st M., 6a, g.,1890.JAJUtah 80., gen., 78, 1909 JAJ
do Ext,let,7s,1909JAJUtab A Nor.—Gold 5, 1926..JAJ
Utlca ABl'k K.—Mort., 78, '91.JAJValley of Ohio—Con. 6b, 1921.MASVer. & Mass.—Guar. 58, 1903.MANVlckab. A Mer.-1st, 6b, 1921.AAO2d, 6b. 1921 MAN
Vicksb. Sh. A Pac. -Prior lien, 6a.
.
Virginia Midland—Istser., 68, 1906 MAS2d series, 6s, 1911 , MAS3d aeries, 68, 1916 MAS4th series, 3-4-58, 1921 MAS5th series, 58, 1926 MASIncomes, cunml., 68, 1927. . JAJGeneral 5e, 1936 JLiNdo guar
Wabash St. L. A rac-ist, ex., 78. 1890, Tr. reo...FAAMort., 78, 1879-1909. rr.rec.AAO2d m. 78, ext. 1893, Tr. rec.MANEquipment 78, 1883 MANGen., 6s, 1920, Tr.'reo J&DChic. Div., 58, 1910 Tr. rec.JAJDetroit Div. .68, 1921 Tr. rec.JAJConB.mort..7e,1907,convert.o—
F
lat. St.L. div.,V6,'89.Tr rec.FAAGt.We8t.,Ill.,l8t,78,'»»,lr.r.FAA
„ do 2d, 78, '93, Tr.rec.MANQ'ncy A Tol., Ist, 7R,lti90,Tr.ree.Han. A Nap.. 1 sf , 78, 1 909,Tr. rec.lll.A 8.1a.,l8t, 68, 1912, Tr. rec8t.l,.K.C. AN. (r.est.Ji R.),78.Ma's
do No. Mo., Ist, 1895. ..J&Jdo St. Cha's Bridge 6b, 1908
Warren (N.J.)-2d, 78, 1900 .AAO^Vest Chester—Cou. 7s, 1891. AAOW- Jersey & At. 1st M.,6.sl910MjiSWest Jersey -1st, 68, 1896.. J&Jlat mort., 7s, 1S99 AAO':oi]801. 68, luoy MAN
West Shore—Guar. 4s, 236i" 'j&JWe»t Va C.&Pitt.'..-lst,6s, 1 9 1 l3CcJ
1
wesr'n Ala.—2d, 88, guar.'SO.A&O" ' •• , ,. ,., in,, , e. 1
82 851s83% 841^
10036 1015
117109105103 1051a
106
IO6I2
i'oo"110115103107
103106901*37%106llo
102 14 IO2I2
103:109123102111llS'e117%119117%ell810595
1091^110»«11419ll63fl11210 lislOJ1131111=
5IOI
5io7'
el07
123118110
99I4
8886861a
IO31999101104914
loaifi
127%9969 ItO1031s
111125102 >s
II8I4124
1151a
120ll2it
1071s
109
911-2
100
2U5OI4
128 '4
lubie1011031(3lOJl*103 Is
110114%
102
IIII4,
1151s
124107 108lu8 109111123120106 Vi 106%lOula 107
1 17.nc«nou.„„.
J Prohaaer also para aoorued interest, e In London
Weat.N.Y.APenn— l8t..'>8.1937J&J2d m., 3s g.—.^Rsc. 1927 .. AAO;Warren A Frai k., lBt,,7B,'9fiFAA
W'n No.Carolina-lat,7B,1890.MANConsol. 68, 1914 JAJ
West'nPenn.— Ist M., 68, '93. .AAOPitta. Br., l8t M.. 6s, '96 JcfeJ
Registered ns. 1923 JADGold 48. 1928 J&n
Wheeling A L. Erie— Ist, ."is,. ..] 926Wilm. Col. AAug.,6s, 1910 ..J&OWilni. A No.—l8t. 58, 1907-27.JADWil.A Woldou—S. P.. 78, g., '96.J AJWinona&S.W.—l8t,6!.g.,l«28.AAOWiscon. Cent.Co.—Isl ,5s 1 9 37.JAJlucomes, non-cum., &a, 1937
Wore. Nash. A K.—5s, 93-'95. Var.Nash. A Rooh.. guar.. os, '94.AAO
Zanos. A Ohio R —lst,6a.l910.F&AKAIL,ROA» STOCKS. Par.Ala. Gt. South.—Llm.,A., 6s,prel..liim., B, com
Ala. N. O. A Pac, Ac, prefdo do def...
Albany A Susqueh., Guar., 7. ..106Ashtabula & Pittsburg .50
do pref 50Atchison Topeka A Santa Fe..l00Atlanta & Charlotte Air Line ..100Atlanta A West Point 100Atlantic A Pacific 100Augusta A Savannah, leased-. .100Baltimore A Ohio 100
do 1st pref., 6.. ..100do 2d, pref 100
Parkersburg 100Beech Creek 50
do Pref 50Bell's Gap hOBelleville A 80. 111., pref 110Boston « Alhany 100Boston Con. A Mont., pref 100Boston A Lowell 100Boston A Maine 1 00Boston A N. Y. Air-Line, pref.. 100Boston A Providence 100Boston Revere Beach A Lynn. .100Brooklyn Elevated., newBultalo Rochester A Plttsb 1 00
do pref 100Burhngton C. Rapids A North.. 100California PacificCalifornia Southern 100Camden A Atlantic 50
do do Pref 50Canada Southern 100Canadian Pactlic 100Catawissa 30
do 1st pref ,"^0
do 2dpref 50Cedar Falls A Minnesota 100Central of Georgia 100Central Iowa, all assesm'ts pd. . 100Central Masaachusetla 100
do pref... 100Central of New Jersey 100Central Ohio 50
do Pref 50Central Pacific 100Central of So. Car 50Charlotte Col. A Aug 100Cheraw A Darlington 50Chesap'ke A Ohio. Vot.Tr.cert.lOu
do do Ist pref. 100do do 2d pref. 100
Cheshire, pref 100Chicago* Alton 100
do pref 100Chicago A Atlantic BeneficiaryChicagi, Burlington A North.. IOCChicago Burlington & Quiucy..l9(iChicago A East. lUlnoiB 100
do pref 100Cliieago Milwaukee A St. Paul. 100
do pref., 7. looChicago A North Western loo
do Pref., 7.. 100Chicago Rock Island A Pac 100Chic St. Louis A Pitts 100
do pref 100Chlo. Btt P. Minn. & Om., com . . 100
do pref.. 100Chicago A West Michigan 100Cln. Hamilton A Dayton 100Cincinnati N. O. A Tex. Pac 100Cm. Sandusky A Cleveland 50Cineiunati A SpringlieUlCln. Washington A Bait 100
do pret-.lOOCleveland Akron A Col 100Cleveland A Canton
do do PrefCleve. Cln. Chic. A St.L 100
do do pref liOClev. * Pittsburgh, guar., 7 5t'Columbus A Xenla. guar., 8 50Col. Hock. Val. A Tol louColumbia A GreBnviUe,prer loiCol. Springt. A Cin SOConcord 50Concord A Portsmouth,guar.,7 VXiConnecticut A Pussuiupsio jOi!Connecticut River lOoConsol. of Vermont, pref ICOCurreut River li
Dayton & Michigan, guar., 3%.. 50do Prel., guar., 8-50
Delaware A Bound Brouk 100Delaware Lack. & Western 50Denv. A Rio Gr 100
do d) pref. 100Denver A Rio Grande West. ... 100Denv Tex A- Fr. W . viit. .-pclOO
Bid. Ask.
9614 96I933 34
108 lC9ia102 10391 93
lOS
io7" iVo"118i»
106116
93ia55 60
51045105
106105i»95
« 914 9%.« 21s 3e m I'Be H %163 175
»» .-,..-37 371*90
6 61*
81 90120 •>10 i 110
3......
s 4475 .. ...»
217 21712-112 .,
162 1621«302I320310lOl^e257 259l,^0 15135 39
308125 3510151s 17
g 15» 36 39
521a 5361 1« 62
a 10 HI*« to 60%s 58
2 5i»
Ills 12241s 25
112 113461s 4850 . . ...^35 14 365745 4924 252518 25J«».
661a 6840 »8 41100 1001a123 130
6 7491a 50103% 10447 47 1«103 14 103%7158 71'9
112%,110i« 1103»142 144981s 9912 IS341s 37 1»34 3597 9812
x29 31921^ 95I4
58 6024 24ialisII4 is»23« 25ft
a 346 6%
24 257314 73%
lOlis 1021881s ......
180 1881a14% 1514,
1223 231a133 149145 IcO111 111%\L<:o 20144 4524 26
80163 165165 ......11338 145!^17M ISH4714 48 >a10 1521k 22
II Coupon off, s Price per share, 1 In Frankfort, a In Amsterdam.
AuocsT 17, 1889.] THE CHEONICLE. 201
GSN'SUA.L QUOTATIO-VS OV STOOKS A?rD BONDS—Go.sTistjiSD.
For B«pl»imatlon» <«e Note^ at HO"! of Wlr«t Page of Qii stations.
Railroad Btocks. Bid.
DesM.iFt.DoilK.elOOdo Pref.lOO
Det. H111S.& S'WfBtlOODet. Lan. dc North. 100
do Pref.lOODulutU 8o.su. &Atl..
do Pref..E. T. Va. AGa. Rv 100do do 1st pruf.lOOdo do 2d iiref.lOOJ
East Pennsylvania. .iO »
Eastern (Mass.) ..100do Pref.lOO
Eastern In N. e...lOOEllz. I.ei. ABIs 8-100ElmlraA Wiunp't .50
do Pref 50EvansvlUe ife T. II, 50Fltohburi;, Pref . ...100Flint & Pere .Marci.l 00
do pref .10(1
Fla.Cen.&Peu.V.T.Cerdo 1st pref.cum.lOOdo2dpf.iion-enui.100
Galv. liar. & San An..GeoFKiii PacitloGa.P.U. AB'kgCo.lOOGr. Kiii.ldSik [ndGr. B. W. &Sr. P...101I
do Pref...lOfHar.P.)r.Mt.J.&L..0OHoHS. A Tex.CV.nt. IOCHantiuK. & Br Ti)p..=S('
do Pret.50Illinois Central... 10(do Iea3e(ll.,4p.c.l0n
Iowa Central 100do Pref.lOO
Jeft. M.&Ind.,l'd.lOCKanawha A Ohio
do 1st pref.do 2a pref.
Kan.C.Ft.S.&Meui.lOOKan.C'.Ft.S.& G.pt.lOOKan.C.Meiii.A Hir.liKan.C.Cl'nA Sp'd.lCOKau.Citv i Ouuiha...Kau t'.Wy. &N W 10Kentucky (Jeut 1 00Keokuk i Des M..l(;o
do iiret..l0(iKeokuk A Wesfn. . 100Kingst'nAPeuibr'keSOLake Erie liW 100
do Pref.lOOL.8h. AMloh. 80..100Lehigh Valley 50Little Miami 50Little Roek.tFt. 3Little Schii'k'l 50 »Long Island 50Lou. EFau3.it .St. L.lOO
do. Pref.lOOLoulST. A Na8hv..l0(pLoulsT.N.A.itChle.loOMsUoulng Coal P-R.-IO
do Pref .50Maine Central 100Man. A Law'ce....l00Mauhattau, con. ..100Marq. H. djOat.. .100
do Pref.. 100Massawippi looMemph.A Charl 2,iMexican Central. .100Mexican Nat., Tr. r.'C.Mex. Nat. Cousir. Co.Mlolilgan Cent 100Midland of New JerseyMil. Lake 8. A W.IOO
do pref. 100Milwaukee A No.. 100
77
5071710711a22 1»
5 b 1.4
100131lOd
»s 6593OS's
X 92ii
Kni
4
4Gll(i>t987's2070
X 70xl31
25
353
2718!%64
101
H
I .^33sni't
6e!>!!j
93253570143740
172"219961092107
22hienii3290llOij40
Ask.
7228025518
2010>473231*57lOl135108
966J25037
29 >.
16"
8*\
1686i«
10
47117
MlSCELLAHEOUI. Bid.
1757
22<s
15>g175 •«
45493358
44.-S,
84l22752
721335033
459
17
2i19>«ef*10438Si's173
71s70'*'Ji'it
..^.
.
70%4242103121220971595110
Ul>s
forw.A Woroester. 1 00•)«d. A L. Ch'imp.loOOhio Ind. &WBst..lOOOhio A Miss 100
do Pref.lOO)lilo Soutbern 10031d Colony 100Ojiaha&St. L 100
do pref. 100>regon Short Line looOr. 8. L. A Utah N.lOOiJregon Trans-t.V.atlOOPennsylvania UR. .50|» SS"*Peiwaoola A Atlautln.. 4Peoria Dec. A EV..100 21i2
Petersburg 100 58oiilla. A Erie 50* 27Phil. Germ. ANor..50;»Pnlla. A Read. oort..''iO|
Piiila. ATfunt'm..tO0»Puila. WIlin.A Bait. 50'Itts. Cln. A St. L..50Pitts. A ConneU'e..50Pltt«.Ft.W.AC..euar.7Pitts. McK. A You. .50Pitts. A Western....50
do Pref.. ."JO
Pllts.Young8.AAsh.50Port.Saco APorts.lsd CPort Royal A AugustaPorte. Gt.F.A Cou.lOoKens. A Saratoga . . 100R'oh.A AUeg., cert..Rich. F. A P., com. 100Riohmond AP'b'g.lOOKloli. A West PointlOC
do Pref....lOtRichmond York R.AC.RimeW. AOgd...lOCRjtland lOf
do Pref.,7..10<St. Jos.AGM Isl'd.loi
S;.Loul8Alt.AT.H.10ido Pref. 10'
at. L. Ark.A TexaslOiSt. Louis A Chicago.
.
do. prefSt. L. Van. A f. H....So. Louis ASauFr.lOi
do Pref 10'
do IstpreMOiSt. Paal ADuluth.lOi
do Pref.lO'St.F.Miim. AMan.lOOSoloto Valley 50Saab'd A Roauokel0(S)nth Carolina... 100SimtUeru Pao. C0..1003'west.,Oa.,g"d,7.10(JuiuTuit Braach.Pa.SOduubury A Lewist..50rerre H. A Inrl'nap.50rexas A Pacitlo ...100Tex.Pac.Liiud Tr't 100fol. Ann .\.rbor A N.Mrol. A Ohio Cenfl.lOO
do Pref.lOO!Tol. Peor. A Western.Tol.St.L.AK.City.lOO
do pref.. 100
Ask. HlSOELLANKODS.-
158» 57111
253^12
« 31125
58i183211s 23
115 120105 .10723:1b8OI390934
40
43105
41s
15
Mine Hill AS.H.....50'» ''I'k
Mlnneap. A St. L..100 4i«
do Pref... 100 9Ml.ssws. A Tenii 92MlasolKan.ATex.lo6 l^'%MlssDurl Paclflo. .100 72Mobile AOhio 100 13%Morgan's La.& lux. 100Morris A E'x, gu.,7 50Washv.Chat.ASl. L.25i 97Naahua A Lowell. .100' 190N'squeliouinf! VallyoO « 54Sew Jersey A N.Y.ltiO
do Pref... 100N. News A Mi38.Val.CoN.V.Cent.A fl.Rlv.lOON.Y.Ch.&8t.L.newl<'0do let pref. 100do 2d pref. 100
N. Y. A Harlem 50N,Y.Lack.AWo.st...lOOH.Y.L.ErieA Weai.100 281*
do Pref.lOO 08K.Y.AN.EugUiua.lOO 51
do Pri^f.looi 120 la
11019
107161s6735216
N.Y.N H.AHanf.lcoN. Y. A Nortl)oiu,pref
.
V.Y. Out. A iV!i8t..lOON. Y. Phil. A Norf.lOON. Y. Prov. .fc Boston.K.Y.dusq.A WesfulOO„ do Pref.lOON.Y. Weal Shore A B.
.
Norf.AWest,, com. iondo prof. 100
HO. Pennsylvania..50Northern Central... 50Kortheiateru 5jNorth'n N. Haiup.lOOHorth'n Pac, com . 100
do Pref.lOO* Price ULiuiual; no Inta cransaouonr.
^00
"ii'^12
"H'vi332
15!^.•.4
S6isI ''••i
4315029%67',:
331131s5571%610
III472>«U
a. N.J. BR AC. Co.lOO »-30duiou Paoitto 100atahCoutial 100iJtica ABlackRiv.lOOVt.A Ma.-ts.,l'se(l.U.100
Virginia Midland .. 100VabasliH t. L. APao. 100
do Pref.lOOWarT'n(N.J.),l's'd,7.S0»V. End pref. (Bjs.) 50ATest Jersey 50vVesD JerseyA Atl. . .5'
Vestern Maryland. 50West. N.Y.A Penn.lOiWheel.A L.E.pref. 100mi. Columbia A A.lOliVllm. A Weldon, 7.10(Wsoonsin Cenf . ColOCi
!j(10 Pref.lOO
IWor.Nash.A Rooli.lO>;; CANAL BONDS.iiCiie3.ADel.-l3t,''>8,'U'Del. Ail.—78, •91.JAJlitoxt., 1891. .MANCoun. 78. 1894.AAOlat Pa.D.op.,78,MAS
LeUlgn Nav.- 4iss,'14RR. 63, reg..'97,Q-FCouv 6s,g.rg.'9 t:MA.S6s,g.,cp.Arg..'97J&DCous.M.,1911 78JADGro'n.Tr.7s,'92.F.S;ALeU.C.AN.,4ias,l!!Z4
Penn.—6s, coup., 1910CANAL STOCKS,Chesapeake A Del. .50Del. A fludsou 100Lohlgh Navigation. .50Stoma, guar. ,4 100do pf.,guar.l0..100
THSC'LL.VNEOUSKONDS.
Amer. BbU Tel. 7s,'98.Am.Wat'rW.Co..l3t.6<lHt,uun.5s.l9J7.JAJ
Uinnin?. EcjUii'. Co.t!.<
Bost. Un.Uai.Tr. o.5sCahaba Coal, t8t,78,'07
YdI
Chlc.G.L.AC.l8t,53,'3780 Col.CoalAlron— Ist.Oa51 1 '.AH. C.AIr.,6f 19.729%j Cou.Gas.. Bait. .con.os.67 -^
i Ei|. (J. A F. Ohio. l3t,83
99191511s5
"22"
IO71417OS36>s
252I
2»ls«951 Vf
Izl255
31
16 '2
51io'
176; riaokeus'k Wat. 1st, 9s
9 aend'aBrldge6R,l9a101* Iron Hteaniboat Cm. 6s23 U«xw'UL.U.prlurl.,6s
Income17 Or. Imp., Ist, 6s. 1910
1761s Oreg.R.AN.l8t.6s,JAJOun. 5s 1925 J.AU..
Ocean 89.Cn.,lsig>iar.SO Pea's G.A.C.Ckic.2d.6H
Phila. On. 1st. 8. f., 6834 PoUghk'sleR'ge.lnt.Us.S21| 8t. I.. Bridxe A Tun—5 l8t, 7e, g, 1923-AAO
23 TennCAl.—Tnn D.6860 Blr.DlT.l8t.68, 19172714 Wblteb'st Fuel- O., 68131 Wyo. Val. CimI Ist 68.4l''8 .niSC'LLANKOtlS
STOCKS.65 Amer. Bank Note Co..20 Ajipinwall Laud 10
Boston Land 10Boston Water Power..Brookline (.Mass.lL'dS
27 Brunswick Co40 OautonCd. (Balt.).lOO31 ,Contlnenl'l C>n.Ariup.125 14 iCev. A Cin. Bridge, pf.
East Boston Land. ...
95 iFrencUman's Bay Ld.19 i
! Henderson Bridge Co.Keeley Mi>torManh'tt'n B'ch Co.lOOMaverick Laud.... 10
23%! .Maxwell LiulGraut..8li« Mi.Des. AE.S.Laud.5.
S.E.Mtu.S«oiir.(Bo8t..lOOis \. Y. Loan A tuipi't. ..
4 "4 Nicaragua Cau Cun Co.41
: Oregon Imvu'ovemeut.do pref 100
Oregon Ry..feN.Co.lO0Paoldc Mail 88. Co.lOOPhllailel. Co. Nat. Gas.Pipe Liae Certilleates.Pallm'n Palace CaRlOOSan Diego Land..St.Louis B'dge, 1st pref
2(1 pref. CBrtitlcatGS.StLouis Tunnel RB..St. Louis Translor Co.
33 Sonth'u Cotton Oil C.>.102 (Juiou Fe-rv Co. ..100
^ ^ Union Sfk Yds.ATr.CoIjO Wagner Palace Car Co.
31s West Eu,l Land (|{i)9t.';
33 COAL & .niNlNU132 STOCKS, N.Y.
6'a American Coal Co.. 25Camoron IionACoaldO
100 ColoradoCoal A I.IOO21 Icol. Atlock.lOO.CAI'O's Cousol.Coalof Md.lOO31 S) Homcitake Mlu'g.lOi)3 J Lehi«h A Wilkesb.Coal''6 .Vlarsbail Ci)as. Coal..Ills Maryland Uoal....lOO15 Mino. Iron Co 100:i4 New Central Coal . 100
231 N.Y.A Perry C. A L 1006218 Ontario all. .Min'g.lOO
'Pennsylvania Coal-50;(laioksilver Min'g.lOO
133 do prof. 10037 Teau.CoalAlronCo lot)
171s ' do pref. 1003278 :Whlte!>r'9t F telUo. 100
BXI>itESSST'CK!i83is A.dams 10065 [Amorican 100431s I United States 10012 Wells. Fargo A Co.lOOlOig THl-ST STOCKS.7014 lAiuer.Cotton Oil
109 I Am jrican Cattle115 ! Chicago Gas23''e 24'8 "
5913 OJ1-20 ;122
46115
64
i25
5 .. ..27
I
2358I4' 5il
109 IIU3 ''t 31SI
1011
1-i32iii12J
6I4
'962J34IO'b31305513 14
1031
61^83012513132173256
(
s 43
16"
Bid. Ask. MlHOELLANEODS.
11075m^271s1031121s!1041s1021001019II3
(;1389494104
40S\6I4
641s23H
17.531.
9-s
662%15
'W505053I9
931s97367197
178271s
«113c55
el077073
Bruah (llumlnat'K 1001 1 Consolidated 100
rf'» iDaft Eiec. Llnht .100881s'
iDaft Eleo. Power. 100
23iSi|Edl80n lOfiI Edison niumlnat..lOOJnlloil Electric (jo.....
loo's' I).> Trvtiou Co ...101 Mr ' :•. tricOolOO102 '
r. L. 4P.102\| .,Mot.lOO92's;iTiioiu. 1(. i-.ioo.Co. ..2^
do pref.. 25Thom.-H. Intern At. 100
do pref.. 100rhora.-Hou8.8erT'colOWedifigCo 100
U. S. Electrics Co ..100U. S. Illuiuluat.Co.lOOWestlnghoiisd El. L.jo
1429694
42961s6I4
TBU.ST CO'SAm. I.K)Bn A Trust. 100Atlantic 100
4:1, jBrooklyn I'ra8t...l0024 J4
50
210"46
8 ,'
9238
171-821-j
90 1
11112426^8
25261s1519209
23
"12'
707
"3'i300
6363iH98
81I
83104^4 105
il6% 117"143
1150
109 >s'
113103's113129
loo's70
147t 52'8
130'stu3
Distillers' A Cattle F.Liaseoil OilNation U LeadStandard OilSugar Relliieriis' CoXKLUGILiPH.
Am-iicau Di-itrict
Amorlcau Tel. A Cable.Vtlautlc A PaoiUoCent. A So. Am. CableICommerclalTel. Co
—
iFraukliu 100IGold A Stock 100J.Mexican 100.Mutual Union 68iN'west.. 7s. 190* .JAJPdclrtj A Atlantic
j
Postal T. Cable, new.Soutli'u A Atlantic. 25
I Western Union.... 10073, 1900. .M. AN...Co'lat. trust, 5sTELEPHONE.
Amencau Bc-ll 100Americ I.U .Si)ealiiug.
.
ErieHudsju River.MuxicauN. Y. A New Jersey..New EnglandTruiiical 10
ELEOTUIOLlOtI T, &<.
....'i-Augl) .Vm.i;.i>..Mrg.lO
lOO's 10 i^ iBnish, Bait 100100 110215 !
Brush Ivleo. Light. ..50
511313
6104941s
95^93?»93 '-3
72
1471s53>8
113^1
idiiiL04>495 14
100
555696
j
9836I4
7397I4
1311s28117531127574
12012727
2927151327
30"
'15"
"s'li
35"'
3257
394010 J
Central 166Fanners' Loan A Tr.25Franklin 100Holland 100Kuickerborker 100Long [xiaud 100.Manhattan 3D 118Mercantile 100 243Metropolitan. .. ..lOO 22J.Vassal! 100 15J.V. Y. Guar. A Ina..lOO|N.Y. Life A Trust. 100N.Y.Sc'cuiity ATr.lOOUni(m 100United States 100Washington 100.N.Y. Sc Illt'KLV.iiHOUSE itas.
(See LiH'iit Sf:cHi'iUes iH\CiliiONICLEeac/i ui'h.i
except thirdof month.)
U\H S'TOC'KS.Bait. (Jousol. Gas, !fewKast Boston 2.j
Brookli ne, Masa. . . 100Cambridge, Masa.. 100Chelsea, Mass 100|Jamaica Pl'n.MasslOO xl70Lawrence, Mass. ..100 xl41Lowell 1001 211Lynn, .Mass., G. L..100 160.vial(l.AM«lro3e...lO0l 12>
600130575700170
41^40105130115
125
210
185
aao"
165
63%190
725185
4541108118512017314S218165125%i
143116391s
133
53I4
165317145023 >8
170 >«
107 i%
88
id5'
"25"
98232lOii*
112 114107 103«965 70125 12890110 ^74 76118 123
152118 ifl
91I
113
531a'17
8sis
53338285is
116>s102 Is
230
43TOO.
331s52
1
750..
52 >s
20c.53250.
606580
•02•85130'"•2"
•05•15
3-60•70•01•04•15
310"•01
371a1251038398%
90SO'^a45
Newton A Wat'n ..100 16m 1653alem,Ma8s 100Brooklyn, L. 1 25Citizens'. Brooklyn. '20
Fulton Municipal. 100.Metropol., B'klyn.lOO!*as.sau, Brooklyn ..25People's, Brooklyn. 10Williamsb'g, B'klynSO ^^^ ,».Ch3rleafn,S.C.,Ga3.25 2Hsl..Chicago Gas Trust.... 59 [
59i«Cincinnati G. A Coke .1 203 is 209Hartford, Ct., G. L..25 26 !....„'Jersey C.AHobok'n 20 170People's, Jersey C 60 ..
I
Louisville G. L 123 130Memiilus Gas 42ig; 50Central of N. Y 50 05Cuusolldateil. N.Y.lOo 87Equitable, N. Y...IOO1 122.Mutual of N. Y... .100 lo2Standard Gas, pref 83N. Orleans G. L. ..100! 98Pittsburg Gas Co. ..50 a
Portland, .Mo., G. L.50 80.San Francisco Gas .... 59isWash'lou CitvG. L.20 41lYUNING STOCKSJ
SOifi (\. Y. A SAN. FRAN.)47'si Adams Cons54
I
.\mador23% American FlagI7114 .Alice
103{Alta Montana 100Astoria
I, BarcelonaBassickBelle Isle 10.
IBojt A BelcherBodie 100BreccoBrunswickBulwer 100
lOzHi Caledonia B. H....100CashierC.istlo Creek
33 .ColchisConsol. California. 100 7'375
85''s Oou. lmperl.1l '49119 1
Chrysolite 5u -30
103 CUollar 100 l-2jCou.sol. P.ieiao.... 100
2301a' Crowu Point lOo- - I DdjdWOO.l
Denver City ConDunkinElCristoEureka Consol.... 100Father De Smet .. 100Fre.-land
,Gould A Carry 8. .100
I Hale A Norcross. .100Holyoke
I HoruSllver 1 2ji IrouSilver '20 175
1101^50
•40•07
•riO
"Jtf
3 001-50•07•901001-40•25
2-002-95
•0403
7-75
•08
3 25•061-30
TFuTOlxaser also pays accrued iqtcrc»u c In Loudou. ; (Quotations per ahare.
202 THE CHRONICLE. rVot XU2C
GENERAL QUOTATIONS OF STOCKS AND BONDS—Conolddkd.For B«pUn«Mon« gee W«>te« »* H«»«J of P'"* Page of ttaotaUon».
Ifnolo 8TOCM.
lacs-'t^™^'^'' Iron
I^eroaae. ..••\i.
LBtdTlUe OoDMl. ... 10UtUe Chief MLittle PltUt|^.y^.>»n o. A SIW.IOTMooe.MoultonSerklo lOfNorth Belle lale
Ophlr IPOriental & Miller....nimimtii ConaolMod lOfBappahanoeJi
.
iteWmwiOoneol.. 5<
toTafe.t.Verada IOC
.10<•UTer Ktii«.StandardBotro Tonnel...,do Tnutoert
imionOoiiMl lOi
UtahTeUow Jacket.
BOSTON niNINO.Allonet 2;
Atlantic 2'
Bolt. A.Hoo..;Ooprer,BranaWk ADumony.fCkUaraet A Heola...2.''Oatalpa Silver 1(
Central 2SPranklln 2.'
Huron 2CtClnnesota 2.''
National 2,'
Oaoeola 2f>
Pewablo 25talnc7 2.^
Idge 21
Tamarack 2.'>
Bid.
^-40
1-00•07
650.8'8
8i>%1
224I2o.109\,'8
3
10>«a51\
102>4
lislie's2035135756102!^115
601-28•10
00"•SO
•M81.'40
•30•90
V75•04 ....
400 4^50l^SO 1-70•Oi •05•85 4U
i^eo2-35•70 •»6
1-00 110•04 06•55 •60
2^e590 1^10
S^OU
700
30 >«
3225140.
9>»141
113
62I
102%
120117•20i0136765103116100
120 120'«1345 1350132 1331015 1055175 11761150 I12OO108 110
nANCPACT'lNO.iLm.lJiieD(P.R>v)1100AmOTfiS. a.) 100Amoskeag (N.H.) lOOCAndroacog'n (Me.).10(Appleton (Mass.) . 1000Atliuitio (Maas.) . . . lOi'
Bamaby ( Pall Ri r. ) . .
.
Barnard Mfg. (F.R.).Bates (Me.) lOdBoott Cot. (Ma«8.)I00<;Border City .Mfg. (F.R.iBoston Co.(Ma«s.)100<>Boston Belting.... 10(>
Boat. Duck (.Ua8s.)70(jCbaoe(FallRtT.) .100Ohioopee(Ma88.) ..lOUOoobeoo (N. II.).. ..500OolUnsCo. (Conn.). .10Continental (Me.). 100Ore«'tMills(P. R,)100CryaUlSiir. B1.(F.R.).D»volMiUB(F. R.)100Dongl'e Axe (Mua8)10<Dwlght (Masc). .500rerett (.Mass. ) . . .SewK.R. Machine Co.. 100FUntMUla (P. R.) 100Franklin (.Me.).... 100OrbeY.Mill8(F.R.)100Oranlte(F.K.) 1000BreatFallaiN. H.)100Hamilton (Mass.) 1000Hartf. Carpet (Ct.)lOOHlU(Me) 100Holroke W.Power. 10cJaokfon (N. H.)..1000King Philip (F.B.) 100Laconia(Me) 400Umoaster M.(N.H)400I/rel Lake Hills (F. R.)Lawrence (Mass.) 1000Lowell (Maes) 690Lowell Bleachery.lOOLowell Macb.Sbop.500LrmanM. (Mass.). 100Uanobester (N.a.) 100Mass. Cotton 1000 xl040Heehanics' (F. R.) 100 lOl
102 104465 4757%34 8.5
52 5i45 50
10(5 10869 691)1
7S0 79092 92>«65116 il7!)5 98116 UH242 >«
103\ ioi995 1000
842(i0s>90
107600S9S11515456801408721sz64I56>s
13584>s
Bark Stooks.
995109505oOO116
]
1550682UO>s875651571050U3132132090177101630
Merchants' (F. R.) 100 131Merrlmaok(Ma88)1000 1315Metacomet (F.R.) .100 80Middlesex (Mass.). 100 174»arragans'tt(F.R,)100i 98Nashua (N. H.),...5O0 623Haomkeag (Mi»»8.)103l I03>s 104. E. QIass(Ma8a.)375 !-9 I 91Newmarket 500x360 370Paolflo (Mass.)... 1000 : 00 1305Peppereli(.Mc.)....50o'xl240 1260Pooasset (F. R.)...iooRich. Bor<rn( F.R.) 100Robeson (F. Rlv.) 1000BagaiuiiriMF. lilv.) 100Balmoii F:ill.'H(.V.II.|300
Bandw.oi»»«(.M»sB.)80Shove (Fail Rlv.). loo'Blade (Fall Riv.).. loo|Stafford (P'ail Klv.) 100Btark Mmfl(.v.ii.)iooo!l:;:<:oTeciini!"!
Thn.Tr.
Dm.Wnn:|
h iP. It. I.
ireetamoe (F. R.)100Wllllm'tio Lln6n(Ct)25WIncbettcr R..\rni8 CoTork Co. i.Me.) 750BANK STOCKS.
linltlinore.Sank of Baltimore 100Bank of Commerce. 15Cltitens' 10Com. & Farmers'.. 100Farui«r8' B'k of Md.30farmers' .& Meroh..40Parmer8'&FIanters'25First Nat.ot Bait. .100Franklin 603erman American
—
Soward 1
Marine. 30Uechanlos' 10VIerohanU' 100!ratlonalExoh'ge. 100People's 20Second National ..100Third National.. ..100anion 75estetn 20
BOStOD.itlantlo 100Ulae ..100Blackstone 100Boston Nat 100Boylston 100Broadway 100Banker HUl 100Central 100Olty 100Oolumblan 100rjommerce 100Commerfllal 100Oommonwealth .. .100Oontinental 100e»gle 100aaot 100Bverett IOCexchange 100Paneuil Hall 100First National 100First Ward 100Fourth National.. 100freeraans' 100Jlobe 100Hamilton 100lldeA leather... 100aoward 100Uncoln 100>fanufaotiirers'.. .100Market 100vCarket(Brlghton).100'Massachusetts 250>Iaveriok 100'lechauios' (So.B.jlOOiterchandise 100Herohants' lOOMetropolitan 100vtonament 100>It. Vernon 100Jew England 100."Jorth 100Horth America.... 100OldBoston 100People's 100Redemption 100Bepubllo 100Revere 100aookland 100JeoondNat 100Jecurlty 100Shawmnt 100riboe J: Leather.. ..100atate 1003uflolk 100Third Nat 100Traders' 100Tremont 100Onion 100ffaahin^on 100Webster 100
Brooklyn.Srooklyu 100First >lational 50Pulton 40City National 50Commercial 60Long Island 100Manufacturers'Mechanics' 50Nassau 100
Cklcaso.American Exob. Nat..Atlas NationalChicago Nat 100Commercial Nat ... 100Continental Nat... 100First National 100Fort Dbarborn NatHide and Leather. 100Merchants' Nat.. .100|Metropolitan Nat. 100Nat. Bk. of Amer..l00lNat.B'kolIUinols.lOONorthwestern Nat. 100Union National.. ..100Un.Stock Y'ds Nat.lOO
Cincinnati.Atlas NatibnalCitizens' NationaliComnierolal BankEn'irtalilrt National...Filth NationalFirst NatioiuilFourth NiitionalOc.nnan NationalMarket Natlnual
Bid.
40
1150
1401519^
325946
125
53813
133>s12519
162
8335
1421s1191s
Ask.
6641
1155
1620
135
60
12697130
51*
131s
19%
1128439
143120
imi'lllis125113%110197135lOOis129^131971s
1691s1'23^106)41311s1031331s143%2341291171s107%98%
1251,128109117U699 Is
126114
Bank Stocks.
198137101129131>s9^1701241061s1321031s131144237131118lOS9912612811.
1031s118107100
Merchants' National .
.
National Lafayette...Ohio Valley .Vat'l
Second NationalThird NationalWestern Qerman Bank
liOUlavlIIe.B'nk of CoinmereeBank of KentuckylOOBank of LouisvillelOOOitizeng' National. 100City Nat 100i'alls City ToliaocolOOFarmers' of Ky ...100Farmers' & Drov..lOOI'^lrstNat 100<}erman Ins. Co.'s.lOOGerman 100German National. 100Kentucky Nat 100liOuisV. BankingColOOMasonic 100Merchants' Nat. ..100Northern of Ky ...100People's BankSecond Nat 100Security 100Third National ....100Western 100
Neiv Orleane.American NatBank Of Commerce. 10Canal & Banking.. lOUCitizens' 100Germania Nat 100Hlbernia Nat 100Louisiana Nat.. .. 100Metropolitan 100Mutual Nat 100Sew Orleans Nat. .100People's 5O1State Nat 100anion Nat lOOlWhitney National. 10b
Bid. Ask. INSURAMCE Stocks. Bid. Ask
ITeiv Tork.America 100American Exoh'gelOOAsbury Park Nat. 100Bowery 100Broadway 25Butchers'* Drover825Central National.. 100
,Chase National 1..IOO
140% 141I Chatham 25
lOi jl03i« Chemical c. ..100239is'240 iCity 100130 |135 Citizens 25881s 87 Columbia146 14«is Commerce 100103%il09 Coaimerolal230 1235 Continental 100
140 (Com Exchange ...100164 lEaat River 251421s Eleventh Ward 25120
] Pirat National 100124^1
IFourth National. . .100
162I
Firth National 100140 I'Fifth Avenue 100170
iFourteenth Street. 100
138 Gallatin National ..50151 Garfield 100176 German American. .75
German Exchange. 1(X)130 Germania 100lOOii Greenwich 25I33i«; Hanover 100
1391s163142118124160139%'.ODis
137>4150%175200129%1001331161041s88
II3I11461s1251s105
150375167375150137160250250
108200
12530O 310
138220
8919'J%118
'hs"265 la
21216530
'P: loenonlin^l; no late traniactloue.
117 I Hudson River 100103
i[iiiporter8'&'rr...lOO
881s] Irving 50114 I Leather Manufls.. 100147 'Lincoln 100l.:« ! .Maiiison Square... 1001061a Manhattan 50
Market & Fulton.. 100Mechanics' 25Mechanics' & Tr.. .25Mercantile 100Merchants' 50Merchants' Exoh'e 50Metropolitan 100Metropolis 100-Mount Morris 100Murray Hill 50
iNassau 50
123 New York 100112 N. Y. Nat. Exch'gelOO
New York County. 100Ninth National. ...100North America 70North River 30Oriental 25Paciflo 50Park 100People's 25Phenlx 20Produce Exchange 100Republlo 100Seaboard. 100Second National .. 100Seventh National. 100
90 Shoe ALeatlier.... 1002- 15 Sixth National. .... 1 00125 :st. Nicholas lOO135 !3tateof N. Y 100
Third Natioaul ...100270 ijTradesmen's 40220 [United States Nat.lOOK2isl!\Vc?3terQ National .10095 ilWestSide 100
125187106124119116109117190143188144138300140148124123118195141145
100918
1531s24
188165168137ifl13059577121127230
145210150
1301881«7125120117110118102
190145139305141150126125120200145146
1021sOH,
16028I9
139 13
13'i700 '
80 i
130
1911551002502951801432503004000SCO16517519311012823017015020001073e2001100160280400121250270142300142543175230220110177200200200i05155120ISifl
825175175155242127423150131140210165240210142i«11317313532513015524012210912210022098
200
193U159102
305
148
4300
115132
175
169
183
160122
247
145117
200
llO128
Pblladelplila.;Bank of No. .-Cnier.lOOiCentral National ..100Commercial Nat 50Fannors'&Mecb.N.lOOFourth .St. Nat'1....10OGiriird National 40Independence Nat 100Kenfiugton 50Keystone .\at'l 50.Manufaot'r'rs' Nat. 100Mechanics' Nat 100Merchants' Nat 100Nat.Bk N.Libertles.SOPenn National 50Philadelphia Nat . . 100Western 50
St. Louta.B'k of Commerce. .100Commercial 100Continental Nat. ..100Franklin 100Fourth National ..100International 100Mechanics' 100Merchants' Nat ...100St. Louis National. 100Third National.... 100San Francisco.
Annlo-CalifornianBank of CaliforniaFirst Nat. Gold. ...100PacificFIRE INSVR'CE
STOCKS.Hartrord, Conn.Stna Fire 100Conuectiout 100Hartford 100National 100Orient 100Phoenix 100Steam Boiler 50
Netv ITork.AUianoe 1000American 50Bowery 25Broadway 2ty
Citizens' 20City 70Oommonwealth. ..100Continental 100Eagle 40Empire City 100Exciiange 30Farragut 50Pile Association ..100Firemeu's 17Garman-American 100(Jermaula 50Globe 50Greenwich 2.'^
Guardian 100Hamilton 15Hanover 50Home 100Jefiferson 30Kings Co. (B'klyn) .20Knickerbocker 30Lafayette (B'klyn) .50Liberty 80Long Isl'd (B'klyn). 50.Manuf. & Builders'lOOiNassau (B'klyn). ...50INatlonal 37isN. Y. Equitable 35New York Fire.. ..100Niagara 50North River 25Pacitlc 25Park 100Peter Cooper 20People's 50Phenlx (B'klyn) ....50Rutgers' 25Standard 5uStuyvesant 25United States 26Westchester 10Williamsburg City. .60
itiakine: inscItA.NCii SCRIP.
Atlantic Mutual.. 1885188618871888188b
Commerl. Mnt.l873-82
34919
57
1281171651s
2t5110
62162 ig
120
131124
961*132122i«^
100
465370 380115 117225
02i«16590145115 120140
I
1121s 114
981s
821s24218155160
25311630013590
180100
10015011012511011585
215200909610710080
3151601152013089
133140103160607870751001389710080154751656015380
12512410090160160290
85
170165
256120
ii'i"92ifl190
1151601151301151231002.^020595Its11511585
3201701252103595
14014510817070818085-11014010010590160851706516090130130103100170170305
103lOiHi101lOJ106
1031s.104105106107
PRICES OF EXCHANOBMEMBERSHIPS.
N.Y.StockLast sale, Aug
N.Y.Consol.St'k & Pet.Last sale, Aug. 6..
N.Y. ProduceLast 8ale, Aug. 2.
N.Y.CottonLast sale, Aug. 13.
N. Y. CoffeeLast sale, Aug. 1..
N.Y. MetalLast sale July 30..
R'lEst Exo.&Auc R'mLivst sale, July...
Bostou StockLast sale, July ....
Philadelphia Stock ..
Last sale, Aug. ...
Chic. Boar.lof TradeLast sale, Aug. 1...
Pitt6b.l'et.,3t'k *Mol.
19,000 bid.19,500
700 bid.700
1.100 ask.1,100
695600 bid.65065 ask.53
1,200 bid.1,'200
11,000 bid.11,000
2,600
il306450 bid.
§ tinotationa per sliare. I
ACQDST 17, 18S9.J IHE CHRONICLK 20SJ
New York City Bank Statement for the weekending Aug
10, 1889, ia as followB. We omit two ciphers (00) in all casei.
Banks.(OOa omitted.)
Bulk of ^<sw York...Manhattau CoAferobantH'....Meobantos'AmericaPhenlxOltyTradOHinon'sOhemlcalMercliantH* fCxch'ngeOallaciu NationalBnrcherH' & Drovers'.ICochiiiiiCH' A TradersBreenwichLeather Afanafaot'rs.Seventh NationalState of New York...Americau Kxchange..CommerceBroadwayMeroantilePaclfloBepnblloOhathamPeoples'North America,Hanover.IrvingOltliens'NaasaoMarket A Falt<m.St. Nicholas
,
Shoe A Le.ttherCorn KxchHUKeOontineDta)OrlentaL[mporters* A Traders'Park.North RiverEast RiverFourth Nationa'Central NatioualSecond NatioualNinth NationalPlrst NationalThird NationalN. y. Nat'l ExchangeBowei^New York CoantyQerman-AmericanChaise NatlonaLFifth AvenneOerman Exchange...Sermaniannite<l StatesLincolnOarfleldFifth NationalBank of the Melrop.
.
West BideSeaboardSixth NationalWestern National
Total
.
Basks.
N. Vork.July 13...
• 20..." 27...
Aug. 3...• 10...
Boston.*July 27...Aug. 3...
•• 10...Phila.-
July 27...Al\«. 3...
• 10...
60,762,7 54,630,1 414,54.5,8 7i:,5a8,3 42,330,6 432.503,1CapUnl A^urvlus. Loans. I Specie. Lr^s. Devr^sitt.-. ^'i^cM'^t Clearimjt.
*115,856115,856115.392115,392,115,392
65,12565, 1 25,
65, 12 J,
2 420,2 419.8,416,8'413,8:414,
3 158,:-i:io7,
3 156,
$,889,7,338,4,781,3,024,6,545,8,
439,7448,0387,8
31,7,87,3 100,930,031,787,3 101.695,034.7c7,3 101,376,0
S74.2 a. 3 43,376,1 443,949,274,337,2 43,552,7 442,620,372.239.2 44,175,373,160,8,43,878,272.388.3 42,330,6
15,116,7 4,821, 6i 138,376,19,854,71 4, 777,3i 138,246.6
10,083.8; 4,481,3 135,264,9
26,641,028,441,025,645,0
3,933,3,927,
437,301,7 3,940,434,491.3 3 912,432,503,1:3,915,
2,539,2,538,2,535,
101,451,0101,38299,H58,0
3 89.ll 8051 77,
,935,0,I3S,0.729.4,639,6,699,0
654,7315,5054,8
2,135,0 65.570,82.132.0 07,1»2,22.133.01 59.691,3
• We omit two ciphere in all these Houret. + Including, for Boston and Phila-4«lDhia, the item ^* due to other banks."
Foreign Trade of New York—Monthly Statement.—Inaddition to the foregoing tables, made up from weekly returns,
we give the following figures for the full months, also issued
by our New York Custom House. The first statement coversthe total imports of merchandise.
IMPORTS INTO NEW TORK.
1889. ' 1888.
afmth.Dry
Ooodt.
Oeneral
Merchan-iUe.
Jotal.Dni
Ooodt.
General
MerchaTl'
dite.
Toua.
January—February .
.
MarchApril
MayJunoJuly
ToUI....
t
15,981.181)
i:<,798,«88
1?,7««,553
12,288,581
6,871,012
7,981,555
12,052.3.0
81.723.149
t
31.812,557
80,:!59,a90
29.514,89'*
29,612,048
36.970.9e»
32.078,8J1
38.u82.098
228,2*-fl.972
»i
47.8'i8,717
44.138,253'
42,310,945;
41,900,629
13,,S4 1 ,978
40.040.178
48,131,418,
S08.013,12t;
t
15,530,747
14.290,486
10,123,'258
11,117.3.37
7,(«l,078
8.539,018
13,968,020
78,639,119
1
85,357,541
8n,4«4,I38
31,121,301
27,377,727
32.6i4,a^l
34,518,833
27,4.'M,405
208.908,093
$
40,888,287
41,783,832
41,244,559
38.195,284
39.873.423
41.057,852
41,402,425
2»7,.547.24a
EXPORTS FROM NEW YORK. C08TOM8 RECEIPTS.
Month.
Total Merchandise. At New York.
JanuaryFebruary....
MarchApril
May : 28,449,285
Junej81,281,774
July ' 28,394,127
30,lie,144
28,212,020
28,859.835
28.108,073
1888.MontK
24.055.029 January28,342,257 1 February22,863.2111
I
.March
25.088,227|
April
23,917,588 May22,988.504 i;Jnne
r'
22,810,789 July
Trtti, VrA iWl mo ]H8.(i'?3.r,7H TOtHl
14.031,760
12,851,911
13.423,094
11,983,787
11,097,653
10,697,750
t.3,787,330
KT »-,n 29",
13.498,121
13,ir)0.ri>i2
11.0-, '.lllig
11.109.8.54
9,982,060
10,848,848
14.1:8.594
%xmtsXmtViX
S ' IV. 4115
AKO
Ulailr^ad Intjelligjencr,
The Intestobs' Supplement, a pamphlet of 150 page.f^
lontaiTis extended tables of the Funded Debt of States atui
(Hties and of the Stocks and Bonds of Railroads and oOu9Oompanies, It is publithed on the last Saturday of «MryHher month—viz., January, March, May, July, Sept*m~ber and November, and is furnished without extra chargeto all regular subscribers of the CaRONiCLE. Extra copio*
%rc sold to subscribers of the Chronicle at 60 oentt *aeh »%nd to others at $1 per copy.
The General Quotations of Stocks and Bonds, occupying'
lixi pages of the Chronicle, are now published on (A»third Saturday of each month,
RAILROAD EARNINGS.
KOADS.
Adtli.son&PennAlleglieiiy Val..Auuiston & Atl.AiiniHtou & Ciu.AaUv.itHiiiirtauAtcli. T. iS H. I'c.
St.L.K.C.&Col.Gulf.Col.AS.l'.Califor'ii Cent.Califor'aSou..Total s.vsteiiit
Atlanta .t C'liar
Atlanta .iiW.rt.Atlantic .t PacB.&O.Eii:LmcsWeatcru LluoiTotal
Bait. A Poioiu.'icBeech Creek.3uaf.Ki)ch.AiV'lllBiir.C.Rap..t>;i.Cairo V. vVi Chic.Caiuileii & Atl..CimadlanPacllicCp t'-r.*jYad.ValCoat. Br. V. P..Ceu.KK.&Bp.CoCentral of N..r..Ccutr.ilPaoinc.-Ceutralof B.C..Charlest'n & 8avChar.Col. ifcAUj,'
Chat.K'mc&CoI.Chcraw. &Darl.dChes. & Ohio .
.
Chos. O. & 8. W.Ellz.Lex.&B.S.
CheshireChes. ct Ix'iiolr .
Chic. & Atlantic.Chic. Burl. & SoChie. Burl. A QLines coutr'l'cl
Chlc.& Ea.st. III.
Chle.Mil. &.St.P.Chic. i&N'thw'n.Clilc. &0h. Riv.Chic. Pe. & St. I..
Chle.St.P.&K.C.Chic.St.P.M.&O.Chic. & W.Mich.Ciu. Ga. & Ports.Cin. Jaclr. & MacCin.N. O. AT.P.Ala.Gt.Sonth.N. Orl. & N. K.Ala. & Vicksb.Viclcs. Sh. it P.ErlaiiKer Synt.
Clu.Kich.& Ft.WCin. Sel. & Mob.Ciu.Wab.&Mlch.Cin.Wash.& Ball
Latest Earningt Reportei.
Week or Mo 1889.
MayMayJulyJulyJulyIthwlcI'IyIthwk J'lvIthwkJ'lyllhwk J'lyIthwk.riyIthwkJ'lyMay.J'line
IstwliAugJunoJuneJunoJuneJune1 »t wk AuiMay4th wkJ'neJuneIstwkAugJulyTimeJuneJunoJuneMayJunoJulyMayMayJulyJuueJuneJuue•MayIstwkAug
Clev.Akron&Col
Juno .
.Tune ..
June ..
IstwkAugIstwkAugJune ..
July...-May. ..
July...Juue ..
Istwlf AugJulyl.-it wk AugIstwkAuglatwk.lugIstwkAugLstwk Aug1st wk.\ugIst wk Augl.st wk AugJuneJuly.1st wk Aug
9
178; 1837,0118,59111,100
500,5)032,7 1'i
7,5,'2il4
25,;i2117,854
C,-)7,12'J|
98,1082fi,(>18l
•10,77(
1888.
163,3117,271
"
'b'.k'ys
51I»,1H.-,
2,32(i7ti,80821,.")0!l
34,81
Jan. 1 to Latest DaU'
188U.
842,566
852,781155,<138;(>3,(>22(ir).897[
10,C.'>(),28(>;
31.1<t!tl,8'Ji|,!l08|
.')!•;). 108'
l.-)2.(i3.'i
1888.
935,g8»
798,16551,»1»
1,450,854
8.'),08823,111!r)(l,.")71
l,377,3«i;l,3:!0,l(ll
(i'.»8,013;l l,41ii,(iiK 13,4!»
1,0'.' 1,325
4thwk JMyJuly.IstwkAugJulyIst wk AugJulyl8t wk AugIstwkAugJuue
Cler. & Caiitou..eCI.Cln.Ch.&.8.I,Clev. & JIariottaColor. Midland..Col. & GreenV ..
Col. & Ciu. Mid..Col. Hock.V.&r.Coving.A.Mac'n.Day.i't.W.A: Chi. JulyDeny. & Rio Gr.'2d wk AugDeuv.S.P'k,S:Pac Juno ..
''Deu.T.x.it F.W.'lstwkAugDct.Bav C.& Alp -tth wk J'lyDet.l,an«'g&3S'o IstwkAugDuluth S.S.A- Atl 1st wk AugE.Temi.Va.iVGa. IthwkyiyEvans. iSilud'plis 1st wk AugEvansv. & T. II. Ist wk AugFitchburg JuneFlint.ifcP.JIarq. IstwkAugFloi'. Cent. & P. . 4tli wk J'lyFt.W. Cin. Ji:L..;JiuioUeorgia Pacillc |July.Geo. So. & t'la.. JuneUr. Rap. & lud. . 1st wk AugOther lines ...; 1 9t wk Aug
Grand Trunk . . . Wk Aug. 3Chic. A- Gr. Tr. 'Wk Aug. 3
105,i»701,783,331~1'22,19.5
'25.11838,'232
217,71li13,1'Jl68,t;(J7
305,00(12.8,11353.r2i
50(1,7391,190,9301,326,023
5,83640,08971,53022,1294,818
580,306152,3-22.56,39160,9964,982
46,467141,801
2,109,'20574,85357,81
456,00(12,061,054
4,91028,016
268,037478,73425,8935.937
13,60375,42130,18214,7748,3628,381
137,3208,5244,742
49,20045,37420,53537,530
23'2,39521,41030,97043,9006,628
53,8465,912
38,642138,00086,09860,88513,83319,77943,783'
151,1397,065
21,125477,076,40,24122,42 1 i
24,534103,594'22,04353.487|3,756
400,075;74.424
,381,702,189133,80907,05038.4o;i
191,.5(HI2,l».-,
08,027259,001124,8S-.00,572
405,7611.071,1801,331,7^1
0,;ils
38,88867,395
4,76844 '2,326143,21977,20750,835.5,:!50
4:1,203174.004
1,933.931491,900(;3,0(I3
3.35325,11
186,270561,68928.0030,357
10.67464.50225,68412.7156,9107,917
117,7287,4137,434
40,81743,27815,88730.523
225,10124,44824.1'2736,8977.889
63,7493,091
32,374I56„50<)104,0033(i,3-<3i
10,439:20,2111:
31.801142.779
0,32524.044'
430.00443,83321,02121.77493,840'
3,560
,93334 '2,287191,722
1.013,9057.284, 17.'>
2,275, ,578-
9,559,75a745,431474.301
1.137,3341,020,.5333'28.805253,01
1
7.280.745176.266418,.502
3,269,6095,756.0477,'200,12a
44, -277300,385,^2,429
007.2171202.783
1,01 1.8137,011,5332,3(M),1189.911,0-13787,423.338,15-i,
1,117,8:101,007,331323,115274,194
7,982,4!I4217,582329,795
3,427,0006,040,4007,117,897
44,518323,667485,09693,31033,908
3,172,621940.814391,047296.91929,918
1,227.410;932,295;
11 ,902,7773,383,7491,178,052!
409.377 13,541,918 12,948,(i;fL'
2,280,974 11,110,790 11,477,42(40,109 25,
135.9-'91,560.1472,739,091806,38933,840
334,3.502,152,1211 ,048.605571.295315.282306,106
4,393,412238,79648,817
287,7791,169,633404,230'233,013
4,884,240139,287961,532384,175187, '206
1,430,53944,988
265,6354,362.781387,221
1,240,370311,3120'27,328!
1,002,24113,:115,052160,330303.013!
2,046,0431,418,616047. UK) I
139,9147:u,461'121.666
1,347.940121.130
360,411 11,076,789 10,'265,0'
58.728 1,994,700 1.866.7ia
3:1,8382.871,497912.899457.111260,50733,757
1,331,447795,362-
9.975,9652,.559.20K
49l.:tO'J
117.10111,130.7002,791.20i:819.9303 4.181
288,3792,103.167882,3754x5.046258,566279,73!)
4,010,893230,32'.:49,842
263,4081,178,188354,785214,973.
4,571.758154,533768.313328,767189,578
1,598.00419,344
•223.2774,542,191.511.3579H.91!»283,066330.367735,371
3,112,188133,455487.'20O
2.440.2471,462,885614.924.125.76a693,frlX
1.31 8.680118,»0»
THE CHRONICLE. [Vol. XUX.
Uraid Trnnk—r).t.i!r.lI.*M
I.
11 ,
li.Wii nil. -
Total nil .
Tnil.lhr.VW.'
.111111'
July.IniH*
i AlIRAug
1. AnK
T.-i'
; J'ly
H J'ly
.liilv
ith'wk JUj1 m wk Aug.Iiilv
\Vk.Iiily2' li AlIK
k Aug
M.-Mu. :
M.pl.n. ,v .-11,....
Muutniia L uion.Niwh.Cli.A-.-'t.l.,
Nut.-' • ' •'•
Nf« 1
N..I .
New < V ......
N. Y. C. & II. It.
N. Y. I.. K. A- WN. Y. Pa. .^'"'
N. y. * NN. V. .V:N.
K. Y."-;N.^Noi ,
X-t!:
N.>i
;
Not
Inly....luly.....July....May.....liily....
Ill wk J'ncInncMay.InlyJuly.Tune
$21,58907,710180.048li.OOO
..1,074.735
... 6,000.1 13X,075
..I 14«.0231,1WS,341
. 23,7(H253.74020,1255.033
133,4100,213
2I,12H35,000
.I 77,.'S«7
5.5002,034
41,>«034,4«5
50,7012S,3JCi1 4,000
444.11732,05229,401
33^,10049,37040,75.-)
28,.55831,001137,5«fi
1 0«,75029,3,20;7.),>!S0
81,53221,5009,920
119,7871 1 0,705020,134204,93301,033
299,2092,410
87,50421,33510,570
Ohio i^i»uilu-ni.
Oliio Viil. iif KvOniii'. ' - I
Or.OnOilPer.PcPel.PhilPhi:PinPrPi
Pt. l',
Pt.l:
Pr..-fK...RliiRlinRome *V,
.
8t. Jo8. .V •
St.I. » > I
8t.lSt.I
Pt. I
Bt.l
P..\
S. 1-1
fav. Aiii. .V >i(m.Scioto Vallev...Seal' I. I - .V K.81li: I
Soiii
So. i
(..
I .
M>T.A'P;.
:; Aug
vAug
.VtiK.... .^ ii .I'lv
l.~i wkAug.lulvl.stw k Aug.lulvItllW k J'lyM:iv.
»22,15190,415167,955
9,919903,757
8,480142,2941.50,687
1,039,81927,087
210,14924,79'6,078
114,9856,88318,51528,24079,8725,70'3,418
38,1325,145
47,35'21,01811,133
433,72737,39025,540
294,09540,10.>36,045
'>6,400,770| 5,451,59449,088' 51,038
771,180! 708,0:i9
814,2021 811,2298,409,3731 7,302,072
20,00033,791
103,921171,73370,50800,42820,-421
9,433109.63484,333
.^09,990179,28207,228
262,5842,247
80,96018,9509,267
2,951,919,2.850,1:11
109,1851,777,710800,501130,770
2,598,045148,508
226,0704.53,170183,3211 rs.ooi238,88«34,250
1,412.931151,500312,977
1,877,274155,348539,22;;
10,007,0211,340,9201,489,687
104,9911,505,806772,000110,024
2,315.070140,277
030,9273,702,0002,130.3192,407,2482,035,007607,48561,443
711,107749.250
3,767,4351,081,951279,930
1,964,11082,850
432,65987,26893,002
111,019443,962179,54.")
110,403198,50031,407
1,149,730138,115380,048
1,818,292172,338520,032
9,304,0701,244,0991,341,035
891,4503,502.0001,323.8982,288,4131,013.070600.07052,521
725,0354SJ.205
3.417,4321,380,140299,318
l,752,f.9009.845
402,03686,02088,100
A lull.
InncI lineluuo
.
I St H'ii Aug
,-282,19453.8,717450,07958,95941,700
113,03990,112;.0,074
.551,200
.. . .. iiAURMayM,iy. ...
,IulyI at wk Aug!.lune I
' -' '.iiAue
i; Aug. -1 .» li Aukl..i[wkAu;;!..<twk A\lg!.Inly
.Inly
3(1 wk,luly3 wks JulyJulyJiuieIstwkAiig.Tuly....
Juue ...
2,311,004519,1 2S479,88050,80542,178
110,180110,99751,002
•410,553443,32428,38890,06119,13012,84032,7176,157
41,263301,570541,473289,735
•393102014,05538,545! 37,291
318,920 431,1721,530,732 1,731,737114,790; 107,73039,79128,8.)0i40,134!18,45117,8739,119
22l,370l23,742'2,5,1.)0'
272.930'28,013,17,'^33{!3,548
110,133112(1,357
19,7:12,064 19,472, SCI12,190.582 12,840.0112,015,1922,599,108341,123
1,039,303000,931
3,059,954295,841
2,713,301370,132 11,422,00128,880
~'' ""84,37210,00012,61933,5594,535
32.520440,190530,09227,020
5,080,40214,849
1,83;2,220,688110,425301,610277,71078,082
182,2981,229,810^2,606,95211,462,375
28,004,237 27,858,203408,090; 37H,421
,002,0702,141,773319,050973,280659,037
2.792.035298,700
2,900,1429.418,878800,519
2,100,481102,005249,021302,32468,688
162,3991,014,'.;0()
2,792,8781,175,773
252,5081,900,735
8o. <
-N
.\i
N»,):.
8USUI:
1
Tc.\.. ..
Tol.A.A.Tol. Col.ToLAOlii.Tol.AO.tVu.Kx.ToLP. A- Wc.t..Tol. 8t. I.. A K.C.Union Paeitle...Total "vsf.'ini..
June .
June .
. Juno .
Juno .
Jun(i .
1 Jnuc .
I June .
June .
June .
' Jiuie.
.
•y.
038.78928,54255.69414,29543,9717,508
85,00076,507
284,68178,577
315,30712,703132,289823,610
2,841,152
40,12027,07043,549]9,S.lO
17,2778,821
207,20223,44319,22^
201,017;25,84415,25157,239
108,00«181,59582.5,20818,39148,0847,699
49,7184,020
71,51263,950
295,2,5271,989
289,5239,919
104,412771,095
2,9.50,019
222,.5781,898,174
079,509243,391142,103!
1,284,952137,350161,75375,046
6,350,423140,305812,545
580,270210.451101,800
1,127,185153.103139,93452,780
5,031.889132,223iO,7I
3,004,768 3,721,714
June ...
Iniie ...
;..' wkAug• kAug
. . .) k Aug!Julyl»twk Aug2(1 wk AugJune 2..
June 1;!.
189,246405,591127,2.5667,8137,070
121,94091,51532,037
103,35010,32320,74li23,8358,970
17,13433,230iii-^.2:!ii
Mll.-.'S'.I
182,551,155,84,7,
145,10383,
.98,11,
10227,
15,14.
2,is;i!
:i.2(W,
1.257.904 1,202,0416.57,801! 597,007573,0:<e 512.440
1.781.905 1,518,2833,210,019024,447
4,030,473020,777
100,181300,380145,658477,8716iJ0,773
1,800,447489,834
2,403,58564,751
749,0815,507,09H
15,709,78421,277,481
368678598842.045,262,728,088,061,571,805,41319212407732C,1 12,
002 10,
3,081.380811,528
4,015.307503,017
47,004312,185
458,972593,703
1,854,571415,297
2,437,51252,055
004,2485,454,27810,002,07322,050,332
888,8923,388,4,591,130,098510,83942,543
514,190705,197525,423
3,460,20834«,05499,503
666,391
948,262960,303930,737484,83148,390
530,290581,494402,708,477,078537,522137,0041057,230!
510,532 490,899502,7011 283,20577S,0.s.s 13,493,580341,359 17,439,111
EOADB.Laleil Earningt Reported. Jan. 1 to Latest Date.
Week or ito
Utah & Xortli'n. JuneValley of Ohio.. 'JulyVermont Valley JuneViigiuia Miill'd. JulyWabash Eailw'y JimoaWabash ' 1st wk AugWaRh.O.A \Vc»t. JulyWestern of Ala. June ...
West. N. Y. & Pa. Ist wk AugWest. N. Car'l'a. JulyWe.st Jersey JuneVV. V.Cen.A-Htts.i JulyWheeling^ L.E.UstwkAugWll. Col. &.\uK.|MayWisconsin Ccnt.llstwk Aug
1889. 1888.I
1889. 1888.
I
174,17256,75814.S--I
17.'). SIM)
559,240'274,41011,65031.00578,60008,200
132,27072,83710,09304,12084,004
180,40650,0131.5,-<90
1.". 1,'.I2S
5110,310249,14910,81329,278'75,700148,940,150,63643.24814,40357,11980,790
913,047,354,637182,711
1,139,9703,039,771
1
7,104,224!62,026!
248,.570|1,900,802]507,978629,109418,155511,722380,723'
2,220,673'
928,356326,74381,861
998,2092,911,9060,727,198
60,483220,808
1,703,819351.010005,971338,120512,087349,533
2.098,142' Operations ijitcrrupted by the great floods. t luclu'Uug lines in
which half ownership is held. I Mexican cnrrency. n Waba.^sli R'waynow inclu(ied. I> Includes the Memphi..* division in 1889. c Earningsof entire system, including all road operated, d Richmond & Alleghenyincluded in both years. /Includes Fort Worth & D. C. for first threemonths in both years.
The returns are of much the same character as heretofore,
and for the first week of August there is a gain of 9'0o per centon 74 roads.
1»{ U)Uk of Aiiffiist,
Atlantic & PacificBuffalo Roch. & PittsDiu-g.Oitnadlan PacilicChicago & .AtlanticClilo. * East, minoisChicago Mil. & St. Paul...Chicago A West MichCincmuati Jack. & Mack.Cin. N. O. i T. P. (3 I'ds)
.
Cincinnati Ricn. <te Ft. W.Oin. Wash. &. BaitCleve. Cin. Ch. k St. L...Colorado MidlandOol. A cm. MidlandOol. H. Val. & ToledoIJcnver A Rio GrWen. T. & F. W.—No. DivMiddle DivisionSoiitheni Division
Detroit Landing .fe NoDuluth 8. S. A Atlantic
-
Kvansvllle A ludiauap...Kransvillo AT. HFlint A Pere Marquette. .
Uraud Rapids A Indiana.Other lines
•Grand Trunk of Canada.•Chicago A Grand Tr...•Detroit Gr. H. A Mil...
Iowa CentralKanawha A OhioKeokuk A WesternKmgHtonA PeiubrnlroLake Eric A WesternLuulsvilli* A !NashvilleLouisvir.e N Alb. A ChicLouisville S. O. & Texas.Mexican CentralMilwaukee I.. Sh.AWest.
.
.Milwaukee A !Northern.N. Y. Out. A WestNorfolk A WesternNorthern PacihcOhio A Mississippi -.
Ohio RiverPeoria Deo. A EvansPitta. A West., tot. sj-si'mKich. A Danv. (8 roads).Rio Grande Western—St. Joseph A Gr. Island..8t. L. Alt. A T. H. Brchs3t. Louis Ark. A Texas..8t. lX)Ul8 A San FranSeattle L. 8. A EastIbxas A PaclfleToledo Ann A. A Xo. Mich.Toledo A Ohio Central—r.iledo PeoriaA Western .
.
Toledo St. h. A Kan. C...'.Vnintiib ;eou3ol. system).Western N. Y'. A PennWheeling A Lake ErieWisconsin Central
1889.
Total (74 roads) .
.
Set Increase! (905 p. 0)
940.77638,252
305.00040,40767.817
450,00025,89313,603
137,3208.524
45,5742:12,39530,9706.028
.53,846102 00012,9')015,16032,72819,77045,78t;7,06321,12340,24453,483,750
400,1.7574,42421.58826,1255,9335,5092,934
56,79 1
1
338,10049.370!30,757
108.75083.73521,50042,178110,997443,32496,06112,84014,05540,134
221,37925.15028.01317,83363.548110,153
7.503103,35010,32323.83517,13432,850
274,41078.60016,69384,664
1888. Increase. Decreofe,
S50,.57138,403
259.00043,20303.003
409.37728,00310.674
117,7287,413
43,275225,10124,1277,889
63,749150,000
6,9026,222
23,25820,20934,8016,325
24,01443,S3548,91,33,5«(
300,41158,72822,13124.7925.0785.7673.418
47,357294.6;<540.10235,524
105,92168,52(120,42141,7609l),112
376,13284,37212,61914,84943,549
207.20219,22525,84415.23157,239
103,6684,020
£8,06111,57122,41315,21012,815
219.14975,70014,40380,790
46,0003,204
2.92919,5923,1112.2967,2r46,843
5,025,831 4,608,027
3.0000,0888,»449,470
10,922740
4, .524
19639.6H415.090
"i",333855
9,43443.4059,2081.2332.829
15,2:151,079418
14,88567,192!ll,689i
22l|
14,1775,9252.16 J
2,582e,3091,483;3,4885,289!4,752;1,4221,694
20.03525,2012,9002,290,3,874
S9,795151
5,18613.3772,110
1,2619,903
430
2,9193,591
563
258484
7943,415
471,441
417.201
54,237
J. or week ending August 3.
For the fourth week of July the final statement shows 10"53
per cent increase on 91 roads.
iih weeic of July. 1889. 1888. Inerease. Decrease.
% S 9 SPrev'ly report'd (70 roads) 6,677,913 5,974,355 803,116 99.358Aich'f.A8.F.AL'sed I'g.
St Louis K. C. A Col ...
500,903 519,485 18,5822,742 2,320 410
Gulf Col. A Santa Fe... 75,294 76,808 1,514C.iii'oruia Central 25,221 21,509 3,712Caliroruia Southern.... 17,854 34,842 16,983
Chicago St P. A K. C... 93,815 70,193 23,022Cin..N.O.AT. Poc (5 r'ds.) 240,285 220,613 19.073Cleveland Akron A Col... 20,535 15,887 4,648Detri.ic Bay <'. A Alpena. 15,833 16,4B9 606EMtTenn. Va.A Ga 151, 13H 142,779 8,360K»nsasC. Ft. 8. A Mem.. 133.440 114,985 13,455KttUsasC. Clin. ASpr-.- 6.213 6,883 670lCitu-asG. Mem. A Kir... 24,128 18, .'.15 5,013Little Rock A Memphis... 14,600 11,135 3.525Memphis & Charleston.
.
37,566 33.791 3,775Ohio Ind. A Western.... 28,388 28.880 492Rio Grande Western 50,150 33,423 16,725
Total (91 roads) 8,123,079 7,348,849 911,610 138,410
Net Increase (10 32 p. c). 773,230
AuocsT 17, If'fO.l THE CHRONICLE.Net Eariiing!4 Monthly to Latest Dates.
205
•1(!.74(5
8,O0S
176,127253.017
IPO.OtS
Central Puciflc O^os'i.Nm...
Cln. Jack. & M.iek...ftriii'.'<.
Not...
Flint & P. M'rqactto.(iriis).N. t...
Uous. A Tex. Cent'l'. Gross.Net...
Keoki:k & We»toru..<iroas.Not... lUC. 5,112
Lake Erie & Wegt'n.Ovo.s*. 1S0,«70Net...
Meuip. & Charleston. GniBA.N.'t...
Julyl to June 30, 1 Gross.12 iiiontlia ) Net ...
Mc.^oau Ccutr.il (Jross.Net...
Mil. L. Sb.&Wostem.Gross.Net..
.
MUw. A; Northern Gross.Nnr...
Minn, ik St. Louis. ...Gross.N t...
M. St. P. it S.B. Marie.tiro33.Net...
New BniuBwiek Gross.N.-t...
July 1 to June 30, > Gro.-s.12 muutlis )Net...
Rio Grande Western. Gross.Net...
St. Louis Jt San Fran. Gross.Net...
Ban A. &. Aran. Pa.ss. Gross.N. t...
ShenandofiU Valient. Gross.Net...
Southern Pao. R.P.. Co.—NOrtheru Division. Gross.
Net...So. Division (Cai.). Gross.
Net...Arizona Divls'on..Gro8«-
Net ..
New Meilco Di7... Gross.Net...
Tol. C 1. iCin Gros3.Net...
Union Paeiflc—Oregon Short Lino. Gross.
Net .
Utah & Northern.. Grdss.Net...
Denv. S. P'k & Pao.Gro.'s.Net.
. June, ,
1889. 18S8.if ^
l,32'i,02:i 1,3.11,781178,227 511,^150
—Jan. 1 to June 30.-
40,7785,120
18B.85071,735
1 (.7,955
1889.
7,117,8972,237,500
271,11730,911
1,187,309359,8i.O
1,183,391
1888,
7,200,1292.825,252
232,28(i19,175
1,223,391331,7370i7,439
13,70;i df. 10,007 190.998 (U.lOl.l.K23,249
59,.l70
112,12230,208
485,912206.081
324,203100,402
97,74420,541
103.9J521,221
109,37717,525
87,.50434,829
119,7794^,979
431,350172,975102,07843,11275,0033,712
189,21671,358
495,591134,482
127,256So,312i;7,K43
22,33721, '.'24
uioTl
2d,5i34.891
lGfl,«?250,510
107,(i3C58,201
370,75262,017
299,4f.7147,271
91,58828,985113,40929,830
70,9.546,300
80,90923,790
110,0.'l7
29,751494,002217,45494,45930,213
76,131
1 50,520def.8,893
1,147,749417,975010,701224,1 (;o
1,817,928389,190
3,110,9031,495.655
1,516,910004,807
541,34013(1,098
591,3^098,923
634,073103,439432,059141,330899,788289,690055,845212,538
2,582,0101,050,932
539,320183,«38392,871
,324 def. 07,438
182!.30S72.982
554,678101,00815.i,599
6,3it9
84,84229,02816,9385,707
348,262308,2l)3
2,960.363729,502
936,737247,768481,852105,474
116,918
152,0455,156
9J3,084291,302770,3-.'3
1 55,9 1 .<-
1,7.59,7.(2499.75?
2,914, l.'l
1,1.'9,510
l,18O,'-30338,120495,617130,137
615,421107,57.f
400,932dct 1,1(01
403,0.10108.007850,10-127;',08S
0'n,0:i7131,721
2,520,838979,810
450,242llMOl380.880def.73ti
888,89230l,ai;5
3,358,159900,075
l,130.'i98270,331
510,839178,1.96
82,098
2>"9,735 227.020 1,402,375 1,175,775151,411 103,813 690,307 500,579174,172 180,400 913,047 928,35071,020 92,476 300,873 319,51080,098 104.005 387,221 511,3573,519 def.7,2S9 def. 89,3,^4 der.55,3';3
OtU'r lines U.P.sys. Gross. 1,958,234 1,971,237 10,010.045 10,878,092Net... 975,330 815,217 3,862,030 4.100,038
Total U. P. sj-s.. Gross. 2,50^.239 2,483,208 12.778,088 13,493,580Net... 1,201,8,80 1,004,217 4,770,031 4,907,3*5
541,473 530,697187,417
94,2.?831,811
Ore. R'y& Nav. Co . Gross.Net...
St. Jos. & Gr. Isl. , Gross.Net...
Cen.Br.&Lsd.llnes.Gro-s.Net...
194,573
81,37120,632
60,5728,580
2,666,951580,198546,734155,507329,795
2,792,878950,257
499,1 16149,45741«,5i;263,121
4,286 8,580 47,914 def.llistlGrand tola'. Gross. 3.240,289 3,203,962 16,541,359 17,439,lll
Net... 1,420,571 1,237.125 5,510 526 6.085,02*Wabash Railway. ...Gross. 559,240 500,340 3,039,771 2,911900
81,801 40.931 494,055 43.',087
470,922 2,661,741 2,572,00585,870 579,031 40...373
Net...Wal);i.-I) Western Gross.
Net...
Rnattg.C. Fear&Yad. Valley. Gross.
. .,
.
Net...•April 1 to July 31, > Gross.4 months J Net...
Nash. Chatt. & St. L..Gro.ss.Net...
Prescott i Ariz.Cent. Gross.Net...
W. Virginia Central. Gross.Net...
447.08490,432
, July.-1889,$
28,4158,958
1888.$
24,88719,508
-^ —Jan. 1 to July 31 —
Oreeon Impr'm't Co.Net..Die. 1 toMay 31...Net..
202,584112,330
8,8215.097
;43,248;2,833
. May. .
If89. 1883.$ $
111.014 139,501
299,209118,382
9,1495,820
72,83724,408
1889..«
217,58295,848
115,18744,383
1,964,110784,77075,04650,4 00
418,155125,911
1888$
170,26677,88493,33535,047
l,752,'^99714,549
52,78031,187
338,120111,999
—Jan.! to Muy 31.1889. 1888.
221,074 440,.597221,900 510,370
. June . —Oct. 1 toJiine'M1889. 1888. 1889. 1888.
ffi c a- d*
Rich.&Danv.Proper Gross. 335,585 289,888 3,879,022 3,.502,:84Exi)en6e3 27i',720 188.444 2,200,776 1,816,122
Net... 04,839 101,444 1,678,246 1,686,602TnoUided In expenses June, 1889, are expendiluies for pfrmanent
oettei-uicnts to amount <if ijti0 95o in eicesa of last year, and for thenine mouths .tl09,355 In excess of last year.
Rkh.JcDanv.SiStem. Gross. 674,888 584,502 7,465.839 0.084,131Exi>eiiSoa. 667.134 396,080 4,793,970 3,823.543
Net... 7,734 188,476 2,071,863 2,800,588Included in expenses June. IfiSO, are expeuditures for iieimanont
betterments to amount of »1 5 1,458 v\ excess of last year, and for thenine months ^'iHH.Vil In ex.ess of last year.NijTE—riie company's tiseal year wlll'licreafter end June 30 to cou-
fonii with the year of tlie Intei-State C.mmerce Comiuls-ioii.
I ystem emiiraecs only 403 miles of road, against 313 latt year.i Expenditures lui'lude buttermo.it outlays.; Washout In July, 1888.
GENERAL INVESTMENT NEWS..4f<lilsnii TojX'ka & Santa Fe—Call lorn ia SontJifrn—
Calirornlii Ccnlral.—The Atchwon Company Ims Usu.- 1 iucircular, No. 02, under tlato of Aujj. 5, adilreH-eil to theMccurity holders of the California Southern Railroad. It inproposed, for the sake of economy and conveniitncc, to con-solidate the several jnoperties in California, and the circularsays: " It should lie reinemljerwl that the Atclii.son < xmpanywas, and is, the largest 8t<x;kholder of the California SouthernI{ailr()ad Company, owning somewhat more than one-lmlf ofthe capital stock, so that its intero3t« rtujuinHl the siLstaiuingof thtit company's busine.w as far as practicable, taking intoconsideration the various surrounding conditions. X^, aninstance of the fair treatment of the .Southern f ompanv hrthe Central, the Latter has been ch."irged with the (Uli ..m".)! of.«i69,t)(J() per annum of the unused line between .S;; '\noand Los Angeles, leased from the .Southern Pa .,,adCompany, for which the California Southern Kailjumi <.:<im-pany was liable, from the time that the California Central linecomnienc;ed d(9ng business between those points and the ter-mination of the lea,se in May, 1889.
" It is now propf)sed that the three existing corporationsknown as the California Southern Railroad Coniimny. Cali-fornia Central Railway Company and the Redondo' BeachRailway Company (the latter at present lea.sed to the C:aIifor-nia Central Railway Company), shall be <;onsolidated into onecorporation, under the name of the ".Southern CaliforniaRailway Company," with a total authorized capital ..^tick of.Sl(i,9a.^),000, of which §8,000,000 is to be preferred st<x-k witha preference of 6 per cent, non-cumulative."Of the preferred stock there will be Lssued §6,074.000 in ex-
change, share for share, for the present outstanding capital.stock of the CalifoiTiia Southern Railro-id Com]>anv: atid thebalance will be reserved to provide funds for anv future per-manent imin-overaents or additions to the |)ropertv that thebasiness of the company may render necessary. Tlie mileageand bonded debts of the e.Kisting companies are as follows:California Southern Railro id Company, 210-62 miles:
First nil rLeage per cent Ijoiids, principal and interestBuaranteod liy the Atchisou Topeka i Santa Fc RailroadC'.iupauy, about W,900 per mile $2,081,OCO
luconje bonds, paying 6 per ' ent interest when earned, anduon cumulative, about lj;l6,610 per mile 3,499,600
Total bonds oTthe California Southern Railroad Companv,about Hi :0,500 per mil- ".. $r.,5SO,600
" Tlipre is an annual .sinking fund attached to the CaliforniaSouthern Railroad Company's first mortgage bonds, re.juiring§33,000 bonds to be purchased yearly, and one of .s-WiOOOattached to income bonds, to be applied only when eai-ned.
California Central and Kcdondo Beach Railway companies,205 -.59 miles:
First mi.r gage bonds, limited to $25,000 per mile... $0,727,000
"After the 1st of June, 1890, 1 percent annually of thesebonds is to be retired, provided the net earnings are" suflieient
for the purpose. All of the above bonds of the CaliforniaCenti-al and Redondo Beach railway companies were is.sued tothe Atchison Company for building those companies' lines ofroad, and were used by it as collaterals for the Atcliis n To-peka & .Santa Fe Railroad Company's collateral trust five percent bonds. As an equitable apportionment of the revenue ofthe consolidated company, it is proposed to apply the netearnings as follows :
'•First-To the payment of the Interest and sinking fund of the Califor-nia Southirn Railroad Company's first mortgage percent bonds, re-quiring, aay. $1.19.1J00."Sec ntl—To the payment of Interest on the first mortgage 6 per cent
bonds, to Uif extent of Jj^ 1 0,000 per mile, of the Califo.uia Central andRedondo Beach rai waj- compa-iles, requiring, say, $161,400.**ThirJ—To the payuient <if interest on the income bonds of ihe Cali-
fornia Southern Railway (,'onipany. say $^10,000, aud the mleiest onthe remaining ;t:i5,0e0 per mile of the llrst mortgage 6 per cent bundgof the Califiu-nin Central and Redondo Beach railway companies, gay242,160; or. sh uild the lialauee of net carnlugs be ins.iHieient to pay
tliese amounts iu full, the available balance to be ijro-ratcd betweenthem,"f'aurtA—To the piiyment required tor the sinking funds of the first
mortgage bonds of ttie California Central and Redondo Beach railwaycompanies, and f.rr the sinking fund of ttc income bonds of the Cali-
fornia Sou' hern Railroart Company."Filln—To Hie paymeu' of dividends on the preferred stock (non-cn-
mulative) to the extent of per cent.
" It is to be understood that the plan above described shall becarried out in confoi-mity with, and subject to, the provisions
of the indenture of trust relating to the Atchison Tojieka &Santa Fo Railroad Company's collateral trust 5 per cent Uinds.
Holders of the capital stock of the California Southf ru Rail-
road Company who assent to these projiositions will ijlease
sign the annexed form, and return the same to John P. White-head, Comptroller, 95 Milk Street. Boston, Mass.
" G. C. Magoun, Chairman of the Board."
Called Bonds.—The following bonds have been called for
payment:Henderson Bridge Company.—Twenty-live first mortgage
bonds, numbered as below, will be paid at lO.") at the office of
the Central Trust Co. on Sept. 1, when interest will cease,
Nos. 992. 850, 1.370, 10, 481. 1.343. 624, 483, 273. 1.811. 1,249. 12''.
630, 1,121, 560, 741, 1,731, 1,702, 280, 1,438, 1,443, 987, 1,914, 1,686,
791.
Illinois Centr.^l.—.50 sterling sinking fimd bonds num-bered as !)elow will be redeemed at par, at the office of Messrs'
Morton, Rose & Co., London, on the 1st day of October next. -
Nos. 80. 196, 339, 450, 7-25, 822, 880. f.9 5, 997, 1,032, 1.207,1,32.5
1,400, 1,483, 1,55), 1,5.59, 1,578, 1,050, 2,182, 2,41;, 2. -.'-2, -,525.
2,651, 2,850, 2,934, 3,009, 3,050 3,067, 3,o76, 3,147, 3.i:i, 3,242
20B 'JBE CHRONICLE. [Vol. XLIX.
aaiU 3 483 a 533 3,549, 3.803, 3,882. 8,047, 4,0i9, 4,U0, 4,114,
iffr: 4.2M.4fiSr4.339. 1.849, 4:566, 4,fe6d, 4,^i26.
NoKTHKEN PACinc.-Ninety of the second mortgage bonds
<rf $1,000 each will be redeemed at 110 and mtereston presenta-
tion to the Knrn.er'H L.wu & Trust Co., interest ceasmg Oct 1.
The numbers of the lionds drawn are given in our advertising
«olunui8.
CWcmjro * AtUnlic-Receiver Malott of the Chicago &AUanSr RaiUav has been authorized by Judge Gresham to
teue $350,000 of receivers' certificates, with ^yhlch to pur-
ohaae supplies and to put the road in good condition.
Chieuro Rock Island t Pad Bc.-A bUl has been filed in
XftliMts by the Metropolitan Trust Company praying for the
Ibroclosu^ of a tnortpige executed to it, as Trustee, to secure
the payment of the first mortgage bonds of the Chicago Kan-
aas Oebraska Riiilwav Comjmny, outstanding to the amount
of upward of 825,(H)0.('>00. The first mortgage bonds of the
ChioafEO Kansas & Nebraska aro deposited with the Trustee ot
the flret extension and coUatcial Iwnds of the Rook Island.
A Chicago disiiatch reports President Cable as saying in re-
eard to the suit to foreclose the 6 per cent mortgage on the
Chicago Kansas & Nebraska road: "It is for the purpose ot
securing the first lien, instead of a lien on the collateral. Ine
Ohicago Kaiisiw & Nebraska did not earn 6 per cent on its
bonds, and tlu> Trust Company had to foreclose the mortgage
in order to protect itself. The suit will not in any way change
the relations existing between the Rock Island and Chicago
Kansas & Nebraska roads."
Denver & Uio Grande—Colorado Midland.—The RioGrandesituation in Colorado has had a most satisfactory issue in the
organization of the Rio Grande Junction Railway with a capital
stock of $2,000,000. It is a corporation in the interest of the
Denver & Rio Grande and Colorado Midland companies, by
whicli their lines shall be extended from Rifle Creek to GrandJunction, Colorado. 64 miles, there to connect with the Rio
Grande Western and making a through standard guage line to
Salt Lake Citv. Construction wiU begin at once and the workcompleted by the end of the year. The Rio Grande Junction
•Co. will issue bonds (probably about $23,000 i^er mile), which^ill \>e guaranteed by the D. & R. G. and Midland. The Rio
Orande Western Company will have a trackage arrangement,thus giving it the l>enefit of the new connection.
The relations in Colorado had been somewhat strained prior
to tlic negotiations which led up to the present result, and the
Chronicle has frequently had occasion to remark upon the
importance of perfecting some plan by which the construction
of any new line to Salt Lake and Ogden would be avoided;
this lias now been done, and it is worth a great deal to the
liondholders of the three companies reaping the benefit of it.
ludianapolis Decatnr & Western.—Tlus railroad was placedIn the hands of the ti-ustees, R. D. F. Pierce and Benjamin A.Sands, three weeks ago, in accordance with a provision of themortgage. The trustees appeared before Judge Woods in
Indianapolis, and recited tliat the road was not earning enoughto pay all expenses, and that litigation in the State courts waslikely to ensue, and Judge Woods on the 9th inst. appointedMr. Pierce receiver.
On the 12th Judge Gresham came from Chicago and per-«mptorily set aside the order of Judge Woods, of the District
Court, creating a receivership, alleging as a reason for this
action that sufficient cause for a receivership had not beenshown, and that there was no propriety and probably nojurisdiction in the action.
KanaTvha & Ohio.—At Charleston, W. Va., Aug. 10, inthe Circuit Court of this county, the Kanawha & Ohio Rail-road Comjiany confessed judgment for §285,232 on a suitbrought by the Kanawha Improvement Company, the sumbeing princii>al and interest of a claim of long standing.
Missouri Kansas & Ttixa%.~Tae Buzning Post of the I2thInst, contained an article on the affairs of this company,evidently written by one who was quite familiar with all theevents of the past year. There have been many rumors fromtime to time of negotiations pending and of propositions andtsounter propositions made, but the facts as they have occurjedat dilTerent periods since last autumn have not before beenmade public. Having aasurance from good authority thatthe statements are correct, the following extracts are quoted :
'• The first prouosition looking toward a settlement camefrom the Union Trust Companv under date October 2, 1888,VIZ. : The Missouri Kansas & Texas capital stock to pay anassessment of .SIO per share, and the stock to be exchanged forMissouri Pacific in proportion of three Missouri Kansas &Texas for one Missouri Pacific ; this assessment to be held bythe Union Trust Company, and applied, S3,.500,000 for im-provement of i)hysical condition of road and equipment, andbalance of 81, 0(K),000 towards expenses of reorganization pay-ments to second mortgage incomes and to the Missouri Pacific •
Missouri Pacific to execute collateral trust indenture to Union
Jffi^.nS'JI,'?''?,"'' t!"•^."•'WO.OOO debenture bonds; of this,
?lf),00( .(Mtll of t)s to be exchanged for first consolidated and under-lymg tends, $-^.000,000 of .5s to be exchanged for SouthernBranch bonds; S18,0f>0,000 of 4y,s to be exchanged f6r consoli-dated 6s; S10,000,0()0 of 4s to be exchanged for consolidated 5s.Ihe total intere.H, exclusive of dividends on exchanged stockunder this plan would amount to 53,270,000. Mr. Gould's•counter proposition is more fully given under a later date, as
1889)guarantee of interest was refused (January
"Mr. E. EUery Anderson, on behalf of the stockholders,submitted last January the following proposal: A generalmortgage to be issued for $46,000,000, $18,000,000 of 4s to bee xchanged for 7s, and in addition one-third of their holdingin preferred stock. Exchange 5s and 6s dollar for doUar in
8)2 per cent bonds and give the 6s one-third and the 5s one-quarter in preferred stock. The annual requirements beforethe common .st<x;k would be: fixed charges $1,420,000, divi-
dend on preferred stock at 6 per cent. $1 ,080,(X)0, total §2,500,000."Proposal for reorganization made by Mr. Jay Gould on
May 31, 1889:
Missouri Pai IHo mortpngee to lie made for..!? 15,000.000 at 4i2l>ercent.Mlsiouii Pacific niuitgageii to lie mane fir.. lH,r.Oi.,000 at 1 per cent.
$33,500,000AndMUaouri Paoiflo stock for 12,500,000
$ 16,000,000
"Alxive subject to underlying mortgages of $1,300,000, to beapplied upon following terms:To takeup7s Iiv' the !>« txr eent.s ^14,877,000To take up So. Bramh by the 4 perceuts 2.009,000To take 4 pir ct-nt gen cousol. b« (at 60 percent) 10,754,000To take 4 per cent gen. consol. .'is (at 50 per cent) 4,fi '1,000To lake 4 per cent inconie (at 80 percent) 275,000To take 4 per cent coupon and scrlii (at 50 percent) 309,000Surplus 585,000
Bonds $33,500,000
"Then Missouri2Pacific stock to be issued to:
First mortgage 7s (20 per cent of .$1 5,000,000) $3,000,000Gen. niortgai;e(is (35 pu- cent of 17,924,000) 6.273,000Gen. mortgage 5s (30 per cent of 9,383,000) 2,''15,000Income (30 p-r cent of *550,000) 165.000Coupons and scrip (30 per cent of $618,000) 185.000Sui^plus 62,000
Stock $12.500.000
"This would require annual interest charges of about §1,400,-000, and $500,000 dividends on Missouri Pacific stock at 4 percent.
" Mr. W. L. Bull, on arriving home, reported the followingplan as memorandum of conference between the London Com-mittee and himself on June 3, 6 and 19 last:
" (a). A bond of Missouri Pacific, first mortgage on MissouriKansas & Texas, north of Denison, 5 per cent interest, run-ning 100 years, would be accepted by 7 per cent bondholders,with premium of 20 per cent in Missouri Pacific stock." (&). A bond of Missouri Pacific, first mortgage south and
second north of Denison, 4 per cent interest, running 100years, and exchangeable at 100 in old against 70 in new bonds,would be accepted by 6 per cent bondholders, with premiumof 35 per cent in Missouri Pacific stock.
" (c). The 5 per cent would accept same bond, 100 old against65 new bonds, with premium of 30 per cent in Missouri Pacificstock.
" The charges to be carried by the Missouri Pacific underthis plan would be:
$15,C00.000at 5 per cent $750,0001 2,600,' 00 at4i)ercent 494,0006,500,000 ai 4 per cent 260,000
Missouri Pacific block dividends, say at 4 per cent, on$6,300,000 250,000
$1,754,000" Mr. Gould has had this memorandum for six weeks and has
not yet replied. He is understood to hold the opinion that it
is doubtful whether he ought to saddle the Missouri Pacificwith interest charges for the Missouri Kansas & Texas as highas the estimate of the receivers of its net earning capacity,81,500,000.
'
' Under these latter plans the Missouri Kansas & Texas stockwould be wiped out; besides the stockholders, many bond-holders think this would be bad policy, as leading to endlesslitigation and postponement of any real reorganization, per-haps for years.
"Interest lately has centred around the report of the com-mittee that, in exchange traffic between northern and south-ern divisions, the southern division should be allowed, indivision of earnings, a mile and a-lialf for one. The northernsecurity-holders are against such a division, but practicalrailroad men say it is right. These latter affirm that if thenorthern division wera foreclosed to-day it could find noTexas road which would make any pro-rating arrangementwith it except on that or a still more favorable basis. Mr.Ripley, traffic manager of the Houston & Texas Central (con-nects at Denison), and many others, are quoted to this effect.
The stockholders' figures and estimates for January, Februaryand March are as follows :
NORTH OF DENISON.Earnings (gross) as reported $122,722Less a'justuient under committee's report 42,377
$880,345Expenses (normal) estiaiated at 65 per cent 572,224
Net. .$308,120About 60 per cent ot entire system
SOUTH OF DEsrsos.Earnings as reported $535,772Add adjustment as above 42,377
$578,149Expenses (normal) estimated at 65 per cent 375,797
Not $202,352About 40 per cent of entire system.
' A recent circular of the Union Trust Company presentsfigures showing that but 25 per cent of the entire tonnageoriginates south of Denison, but the official figures of the
AUGUST 17, 1889.J THE CHRONICLE 207
court make a more favorable showing. The sworn stateiiionts
for November, December and January show the following :
Tons.
Total tons moveil over entire line 65',in'i
Latiid tumiugc In Texsis, 23 yer cent ia?,J'-«
I.oial toniiiw nortli of Denlson. 41i per cent 229,5Ma •
From Tuxas to poiuis north of Denlson 4'),72(!
To Texas from poluta north of Douisou 169,297
Total exchanged trallic, 35 percent 214.0'J3
"The traffic, therefore, affected by this readjustment of mileage
proportions amounts to 35 per cent of the whole, and on the
joint earnings from tliis the southern division gets 20 per
cent more gross earnings. The expenses in the stockholders'
estimate are put down as normally 63 per cent on txith divi-
sions. This will Ije disputed, and in fact they have been muchmore than that, particularly on tlie southern: Special causes
have swelled tlie exuenses on both divisions, and wliat they
would be normally is a matter of mere conjecture. As this
point Ls of consequence in any good estimate of the road's earn-
ing by divisions, those interested must wait till someactual and normal flgures can be obtained." » * *
Nashville Chattanooga & St. Louin Kailway.—The earn-
ings and charges for July, the first montli of the fiscal year,
have been as below given:July, 1339. Juli/, 188S..
Gross earnlnsrs if29i»,209 $2«2.!SS4
Operating expenses 180,826 150.2*7
Net earnings $118,382Interest and tuxes 72,251Improvcmonta 5,238
$112,33671,7515,215
$77,489 $76,966
Surplus $40,892 $35,370
New York State Railroads.—The reports below for the quar-
ter ending June 30 have been filed with the RR. Commissioners., Ilnslon it Albany . ^ ManhiUan EleVtl.—.
1889. 1888. 1889. 1888.Gross earnings ....$2,207,977 $2,13,5,853 $2,34(1,973 $2,228,795Operating expenses 1,128,999 1,552,272 1,212,706 1,147,890
NeteamlnKS.... $1,078,978Other Income 2,626
$383,581 91,128,267 $1,080,90521,500 21,500
Total Income... $1,081,604Deduel—
Interest $165,725Taxes 8,441Rentals, &o 19,500
$583,581 $1,149,767 $1,102,405
$165,7252,321
19,500
$384,665131,396
5,o28
$382,947153,519
5,000
Total $193,666Balance, surplus $887,938
$187,546 $521,089 $541,466$396,035 $628,678 $560,939
. Filchburg. .
1889. 1888.Gross earnings $1,372,711 $1,250,628Operating expenses 1,102,796 1,017,914
—Bufr. Itoc/t. a Pitts.--.
1889. 1888.$•157,261 $158,601350,364 376,164
Net earnings.Other income
$269,91513,057
$232,71411,034
$106,8974,321
$82,4372,441
Total income... $283,572 $243,748 $111,218
Deduct—Interest $201,338 $179,466Taxes 46,206 66,914Kentals, &c 70,320 70,320
$54,878
$117,350 $104,17412,000 9,159•18,229 *37,3;0
Total $317,924 $316,700 $147,579 $150,633Balance df. ,$34,352 dt $72,952 df. $36,3dl dt $63,805
' Including extraordinary e.xpenses of prior years paid, amounting to$1,050 io 1889 and $19,500 In 1888.
^Oaden. i£ L. Champ.^.1889 1888
Gross earnings $160,751 $160,848Operating expenses 106,606 110,899
-Hart. <t Conn. Weel.—.1889. 1888.$85,606 $•'3,62365,194 87,714
Net earnings.Other income
Total income.Deduct—
InterestTaxesKentals. &c
$54,1458,876
$63,021
$58,0457,5001,113
$19,9498,395
$58,344
$58,045 )7.500 f1,830)
$20,412 def. $4,091k438 510
$20,850 def. $3,581
$12,584 $12,076
Total .$66,658 $67,373 »12,58i $12,076Balance def $3,637 def $9,031 sur. $8,268 def. $15,657
New York Stock Exchange.—New Secnrifies Listed.—Thefollowing have been added to the list for dealings:
OREOt)N Short Line & Utah Northern.—|34,789,039capital 8t<x;k. On September 3 the Oregon Short Line andUtah Central stocks wUl be stricken from the list.
Northern Pacific—In place of the collateral loan plan, Mr.Villard has proix)sed the issue of a blanket mortgage for $160,-000.000 with bonds at 4, 4}4 and .5 per cent interest, of whichabout §120,000,000 would be exchanged on certain terms forprior bonds and outstanding obligations and the balance of
140,000,000 would be available for future use. The directorsdid not take action on any financial scheme this week, anduutU they do take action it is premature and unnece.ssary to
go into the particulars of different plans suggested.
Ohio Soiitlicrii.—A special meeting of stockholders has beencalled for August 30 at Springfield, Ohio. President AlfredSully sends to stockholders the following explanation of the
objects of the meeting : " The Board of Directors have votedto recommend to the stfickholders the creation of a generalmortgage uix>n the entire projjcrty for $2,800,000, bearing 4percent interest from November 1, IbbO, payable semi-annu-ally; and to offer these Ixjnds dollar for dollar in exchange forthe outstanding second mortgage 6 |)er cent income bondB>provided holders of such bonds sul)8crilx; for Ihuir 2>ro ratashare of !iH20,0(»0 of such 4 per cent bonds at 90 cents. Of theremaining $280,000 of 4 jjer cent Ixinds, $180,000 are To be heldin the trea-nury for the general purjxjses of the company, and$100,000 to bi' iLsed in the jmrchase of additional e<juipment, orit not so required to remain in the treasury for generalpurposes. The money derived from the sale of $420,000 of the*per cent bonds at 90 cents on the dollar to be used in pay-ing off the matureil car trusts and providing for those not ma-tured, so that the comimny hereafter may be able to devote its
entire net earnings, after payment of its first mortgage interext,
to the payment of interest upon ita4 percent bonds, leaving anysurplus earnings available for the stockholders. During the-
past six years the company has acquired a large amount ofequipment, a considerable portion of the cost of which haabeen paid from earnings. It is claimed by the second mort-gage income bondholders that these earnings thus appliedshould have gone to them. While the Board of Directors danot consider this position correct (having regarded the acqui-sition of ade<iuate equipment absolutely necessary to the oper-ation of the road), to settle this question, to provide for theextinguishment of the car trusts and to reduce the rate of inter-
est now existing between the first mortgage and the stockhold-ers from 6 to 4 per cent, the Board of Directors deem it for theinterests of the stockholders that the proposed action shouldbe taken."
Pacific Mail.—The Tribune says : "A readjustment of therelations between the Pacific Mail Steamship Company and thePacific railroads is said to be probable. George Gould, Presi-
dent of the steamship company, said that an agreement hadbeen reached by which the ' rental of space' in the Pacific Mailvessels by the trans-Continental rail lines will bei ncreased$10,000 a month, making a total rental of $7.5,(X)0. Mr. Gouldobjects to the use of the term subsidy, but the payment is for
the puriwse of assuring the maintenance of rates by thePacific Mail. The agreement has not yet been signed by thecontracting parties."
Railroads of the United States in 1S8S.—The introductionto Poor's Manual for 1889 has just been issued and containsthe following general exhibit for the year 1888:
Length of track laid up to December 31, 1888 156,081o2 miles.Of which were completed up to the close of the fiscal
years of the respective companies 154,275-81 miles.Increase of mileage In the calendar year 1888 (47 per
cent) 7,028-15 milei.
LIABILITIES AND ASSETS OF COMl'ASIKS OWNIMO THE ABOVE 134 ,275*81MILKS OV LINE.
Liabilities. I At$el».
$ $Capital stock 4,438,411,342 ' CostBR. and equip. .8,344,304.820Funded debt 4,624,035.023
|Real estate, stocks.
Unfunded debt .... 306,952,589 bonds and otherCurrentdeht 23!;,088,355
[investmeut.s 1,106,232,499
Cash,bill.s receivable,current iiccounts,etc., etc 423,433,05s
Total liabilities. 9,607,487,309 Total assets 9,873,970,372
E.xctssof assets over liabilities.'. 266,183,063
The mileage for which full statistics of operations were re~ceived was 145,341-34:
OPERATIONS.
Miles operated 145,3H-24 Passengers carrl. d 4M,333,655Passenger trainmi.'ge.263,123,3t5 I S^^f'«;^;.?'""»*- "
'slg'sHa'flTFreiglit train ri,ileage.4f,514,ll5 !
Tons moTOd..f.».9.f»f.3lj
Mixed trainmileage... 10.111,911 I
Tons one mUe -0,U3,Ooo.9o8,
Total train mileage. .688,751,371|
EABNINGS AND PAYMENTS.Payments from aval!, revei ue.
Interest on bonds $199,062,531Other interest 6,217,521Dividends 78.943,041Kental '45,289.721Miscellaneous 38,010,733
Total $367,533,5*7
Balance—Exc. ss of avail rev.over actual paym'tstherefrom lor year. $14,708,010
Framings—Passengers $251,356,167Freight 63m.200,733Other 60,035,118
Total $9,50.622,008Operating expenses.. 653,258,331
Net earnings $297,363,677Other receipts, Incl.
rentals received by _lobsor companies... *84,S97,8S0
Total avallalde rev. $382,261,557
" Where the operations of ie.ised rallri>ads are separately reported thelessors' Income account!* have been omitted, a duplication of amountsbeing therel'y avoided.
St. Louis Arkansas & Texas.—Col. D. P. Dyer, as special
master in chancery, heard three applications presented to the
United States Com-t, by the receivers of the St. Louis Arkansas& Texas Railroad. The ftrat was for permission to purchase
heavy raik and relay 113 miles of track in Arkansas and Mis-
souri, and to issue certificates to the amount of $350,000 for
that purpose. The second prayer was for the privilege of
issuing §189,000 in certificates to jKiy for labor and supplies for
work done within six months before the appointment of re-
ceivers. The third request %\ as that tlie receivers bo allowed
to pay, in their discretion, out of the earnings of the road not
exceeding $30,000 for labor, supplies and debts falUng duemorethan'six months before the appomtmcnt of a receive*.
Col. Dver took the matt.-r under consideration. _j
208 THE CHEONICLE. [Vol. XLiX
%epovis and Pocxtmettts.
LOUISVILLE EVANSVILLE & ST. LOUIS
CONSOLIDATED RAILROAD.
FIBST fONSOLIDATED MORTGAGE OF THE LOUIS-
VILI F E^^^•SVILLE & ST. LOUIS CONSOLIDATEDRAIIliovn COMPANY. SECURING $8,000,000 GOLDBONDS DUE JULY 1, 1939.
I'arlics—ihe consolitlated railroad company of tne iwS't
nart mid the- New York S«cvuity & Trust Company of New
York and Josephus Collett of Terre Haute, trustees, of tbe
^^Jh^ojrfii' Colored.—The railroad extending from New
Albany. Ind. (opiwsite LouJsvlUe, Ky.) westerly to a ptmt on
the Walxusli River, between the States of Indiana and
Illinois, and tlience bv bridge over the river and across tlie
State of Jlbnois to a point on the Missi-ssippi River opposite
St. Lonis, -x; miles [of wliich the road from Mt. Vernon to
Belleville, HI., 65 miles, is under construction]. Together
wth the branches from Jasper, Ind., to Evansville, and from
Gentrvville to R<x'kpoit, lud. [together forming Evansville
division, 71 miles], from last-named brancli to Tell City and
Cannelton [24 miles], from Venice, HI., to East Carondelet [34
miles], making a total mileage of 386 miles.
Also all lands, tracks, buildings, stractures, rollmg stock
and appurtenances thereunto belonging, and all property, real
and personal, of everv description, which shall hereafter be
acquired for said railroad; and all corporate rights, fran-
chises, (V-c, pertaining thereto.
But it is not intended to embrace in this mortgage any
branches or extensions which may hereafter be constnicted
or acquired.^ THE BOND.I'll St Consolidated Mortgage Boud.
Da/e.-July 1.18S9.i/eJiominoitoM.— 'LOCOoaeU. ,, , , ,, , . ,.-, ^.
Anmiinl ii'»Aorrzfrf.—$>.000,000 (which the arttclus or cnDSolidation
tirovlde shall be used as follows: Foi-EvniisvilleDivisicm liondsdue July
1 ie"l il-t niortcasje on 71 miles). $90|i,0u0; for L. Ev. & St. Louis
Jl'ists. dunOetobcr 1, lii26 (Ut uiortsase ou ls:i miles. 2d oa Tl iiiiles),
S^OOOODO- for L. Kv. .k St L. seconds due Oct. 1, 193G. :f2,250.000:
for securities or the Hiiiitinhur).' Tell ( itv ^ C, the Venice & C. and ilie
111 i Bt I. , !i:i,!i2.').iiOO; for liuiidni,' and eqniiipiug the Belleville Ceu-
trallH & Kastoin, iflti-i.OOO, making total tS.oOO.ooo].
Jf^ ifcipal l'a>,able.-3 fly I , in3!», at New Yoik agency, in gold com of
the United Slates, of or etmivaleul to the picseut staudard of weight
and tineni ss. t , jIntcrisi Fnyablf.—At the rate of 5 per cent per annum, January 1 and
Julv 1. iu like gold coin, at company's agency in New Y(.rk City.
Ke<;i»"oiij»i.- B"nds are coupon bonds, but maybe registe ed as to
prucitialat compan\'s agency in New York City. Rei^istiation I'.oes
BOt, I owever. alTiet the negi'tiabllity of the coupons by delivery meiely,
and bonds remain subject to successive registrations and transfer to
jua:<i(io«.—Principal and interest are payable "free from all UnitedStates taxes."
DefavU.—ln case of default in the payment of principal or
interest continued for si.x montlis, all the bonds become dueand jwyable, and the trustees may, upon the written request of
holders of one-half the bonds, enter upon the property andoperate it. applying the proceeds to the payment pro rata of
principal and interest remaining unpaid.
In case of default as aforesaid the trustees may sell the
property at public auction and apply the net proc. eds to the
payment ijro rata of the unpaid principal and interest of the
bonds.The trustee (uix)n default as aforesaid) may, and upon the
written request of holders of one-haU' the outstanding bondsshall, proceed to foreclose this mortgage in such mamier as
the courts may direct, and sell the property, applying the netproceeds as provided above or as prescribed by court. But it
IS expressly agreed that the remedies herein specified shall notexclude the trustees from any other legal or equitable remedy.
Trustees.—The trustees are not responsible for personsemployed by them when selected with reasonable care, norfor one another, but each only for its own wilful default.They may be removed for cause at any time, and any vacancyin the office may he filled by any court of competent juris-dictiim upon application of a majority in interest of the boud-holdera.
'jfhje Uloinniercial iiiines*
COMMERCIAL EPITOME.Friday Nioht, Aug. 16, 1889.
"There has been porhaps a slight increase in commercial
transactions, and a fair fall trade is anticipated. The sales
of iron and steel have augmented of late. Rains at the Westand Northwest have in a measure retarded the marketing of
wheat and corn, but taken as a whole the crops of the coun-
try are reported in a promising condition, and the general
feeling in business circles continues che^rful.
Lard has be^n declining with a fairly active speculation
but little Imsiness otherwise. Today S'lO tcs. W^stfrn onthe spot sold at 6'60j. and 100 tcs. City at 6-35c. Refined wasquoted at 6'65@7c. for the Continent.
DAILY CLOSING PRICES OF LARD FDTUKKS.Salarn'y. Mond'ii TtceM'ii Wedn'ad'y. Thursd'y. Friday.
Sept. delivery. ..c. fi-73 <^•^^ 6-70 6-iM 6-55 6 -.57
Oct. delivery.. ..c. 6-73 6-73 eu? C*9 6-47 651Nov. delive y. . c.eo3 iol 6-39 6 35 6 29 6-32I>ec. delivery. .0..6-45 G-40 6-31 6-3) 030 6-29•Jan. delivery.. ..0. 6-43 6 39 6-33 6 30 6-28 632
Pork has been in fair demand at lower prices, new messruling at ^U 50@ 1 12 and extra prime at |10 50@|11. Cutmeats have been dull and depressed, with s noked shoulders
5J^c., do. hams 12'X@13J^o. , p cklecl shoulders 5c., do. hamslOJ^Qllc. and do. bellies &%^l\c. for 10 to 14 lbs. average.
Beef hams have been steady with jobbing sales at $;.5@$16.
Beefhas sjld to only a suiall extent and prices have shown nochange, extra mess reiiaining at $7 per bbi., packet at $9 andextra ludia mess at $13 5()@| 5 p^r tierce. Tallow has fallen
to4 7-16j. Oleomargarine has remained at 5)^@6c. Stearine
has been quoted at 7J^@7580., showing a decline. Butter has
been higher at ll@19c., with a better demand. Cheese has
sold rather more fredely for export at SJ^igSj^o. for fancy
State full cream factory.
Coffee has advanced partly owing to reports of drought in
Brazil, but it is so early in the season that the weather newshas not stimulated the speculation. A better demand on the
spot, however, caused an advance to ISfgC. for fair cargoes,
though to-day there was less demand, and the close was easier
at 18J.^c. for fair. "Long" selling of options was reported
partly, it is understood, on Brazilian account, the stock in Rio
Janeiro being large, reaching 443,000 bags, against 210,000
bags a year ago. The short interest in options is said to have
been materially reduced. During the week "firm offers"
from Rio have been received onoption quotations or slightly above,
follows:
a parity with New YorkOptions closed steady as
Au«.15-2Pc ®I5 250.Seiii.l5-a5ca/I5-30c.Oct.. 15-250. a 15'30c.
Nov....l5-30o.®lo-40o.IFHb....l5-35c.®15-40o.
Di-c 1 •a'ic. I M.rch.l5'40c.al5-45c.Jan... 15 35c. « .:. 40e I AitU 15-40c.'al5-45o.
Pcmi.«ylTaiiia.—A contract has been entered into withMessrs. Dicxel & Co., Philadelphia, who agree to pay Septem-ber 3, Ist.O, to the Girard Life Insiu-auce Annuity & Trust Co.
,
as Tmstoe, $3,000,000, for which they are to receive the Penn-sylvania RR. equipment trust bonds for same amomit. TheJxmds bsai- uiterest at 4 jior cent, March and September, andate pa.ii'.le September 1, 1914, unless sooner redeemed by thesinking fund, which is to receive 5 per cent per annum, on theamount outst;mdLug. The sinking fund is to be iuvestod intbe purchase of Ixmds if they ctm bo purchased at or underpar, .'uid if not, in the purchase of additional equipment as afurther security for the bfmda. The Fermsylvania has justContracted for 0,000 freight cars.
Kit) Uraiide Western.—The Central Trust Company will])ay on Sej)t. 1 C per cent on the old bonds and .5 per cent onthe coupon certificates for March and April, and 4 per cent onnew bonds for May and June. The total payment for eachtriL^t receipt will be .$18 30, being the interest up to July 1when the coupons on the new bonds begin. It is not yetknown when the new securities will be ready.
Raw sugar has been dull and deciining, closing steady but
quiet at 634^c. for fair refining Mus covado and 7c. for 96-degrees
test centrifugal. Refined has deoUued J^c, closing firm with
a good demand and standard crushed 8JgC.
ItSeed leaf tobacco has been firm but only moderately active.
The sales have comprised 500 cases 1888 crop. New EnglandHavana, at 16@ 33c.; 130 cases 1888 crop, do. seed. 9^3 30^c.;
100 cases 1887 crop, do. Havana, 14®18o.; 300 cases 1888 crop,
Dutch, 9>^@10><c.; 150 cases 1888 crop, Pennsylvania Havana,on private terms; 350 cases 1886-87 crops, Pennsylvania seed,
10(ffll3c.; 50 cases 1887 crop, State Havana, on private terms;
150 cases sundries, 5ia;30c.; 650 bales Havana, 68c.@Sl 10 and300 bales Sumatra, §140./ 83 15. Kentucky has been firm,with crop advices imfavorable. Sales of 300 hhds., of which300 hhds. for export.On the Metal Exchange the transactions have generally
been small. To-day there was more activity in tin at lowerprices, straits for August delivery selling at 20-Ooc. and forSeptember at the same price. Copper remains at 13c. forLake Superior on the spot, with other descriptions10}4(alO?4C. On 'Change, Lake for August was firm, butquiet at 13c. Lead was higher at S-OSi^'c. for domestic forAugust, but trade was quiet at the advance. Spelter is quiet at5'05i.u5'10c. for domestic on the spot. Pig iron has been firm,with a continued fair demand. Steel rails have been firm at$38, but rather quiet.
Spirits tiu'pentine lias- been advancing owing to a steadyrise at Savannah, closing at some reaction here, the quotationsbeing4134@43;*4'c. Rosin has been quiet at SI 03i^(a§l 07)^for common to good strained. Refined petroleum has fallen
to 7'20c. here. Cnide petroleum certificates have declined,closing firm at 99i<iiai 99^30. Wool has been dull and de-pressed. The sales hav included 12,000 lbs, scoured pulled at
,50c. and 27 bales Montevi'. ,c u.t 39i|c,
i.«.^.«*i, ._
AtJOCST 17, 1889.J THE CHRONICLE. 209
COTTON.FiiiDAY. P. M., August 16, 1889.
The SIovement of tue Crop, as indicated by our teleprrarae
from the South to-night, is given below. For the week endingthis evening the total receipts have readied 1,400 bales,
against 1,005 bales last week and 911 bales the previousweek; making the total receipts since the 1st of .Sept., 1888,5,.')10,43~ bales, against 5,.526,960 bales for the same period of
1887-8, showing a decrease since Sept. 1, 1888, of 16,533 bales.
Receipt! at- Sat.
GalvestonEl Paso, &c.
Hew Orleans.
MobileFlorida
Bavannali|
Bnm9w'k,&o.iCharleston
Port Royal,&cVS'llmlnKlon
W'asU'gionj&c
Norfolk
West Point...
N'wp'tN'9,&c.
Kew YorkBostonBaltimorePhilad'elpU'a,&e
Totals thiRweekl
33
Mon.
109
832
12
3
Tiiei.
178
17
4
Wed. Thiiri.
31
22
2
14
10
96
382
17
Frl. Total.
191
13;
8
11
30
22
427
40013
31719
98
9
2.5
17
42716
371 212' 202 971 l.56i 7021 1.406
For comparison we give the following table showing the week'stotal receipts, the total since September 1, 1888, and the stockto-night, compared with last year.
Receipts to
August 16.
Galveston...
El Paso,&c.
New Orleans.
MobileFlorida
Bavaunab. ..
Bruns., &c.Charleston ..
P. Royal,AcWilmiuisrton
Wasli'tn.Ao
Kortollc
West Point.
NwptN.,&cNew York.Boston.. ..
Baltimore.
Phil'del'a, &c
Totals
1888-89.
Thill
Week.
f Since Se/t.
1, 1888.
1887-88.
Thi* Since Sep,
Week.,1, 1887.
8t>ek.
1889. 1888.
98
400, 672,88413 23,145
3171,689,73019 209,369
27,010814,826
132,099
383,69416,225
152,0904,369
48.5,720
411,195
136,273130,831
103,76065,54251,675
1742716
1,204 658,0631
1,526 1,
275155!
4,436
681
61793156
2'
2,3002,678'
20
1
2,639j
1,S62|
1,495
1
117
,774,919
205,131
24,524
877,32477,414
422,87516,720
168,562
4,935492,637
403,875122,201
94,71998,5261
52,0071
27,528
650
2,495
8.56
50 1,401
940 3,175
101 303
98 3fl8
114 726
72,342 13i),8!t5
2,500 1 3,000
1,336J4,844
3,870 3,904
1.4005.510.437' 19.449 5,526,960 84,496 :i.T49
In order that comparison may be made with other years, wegive below the totals at leading ports for six seasons.
Beeeipis at— 1889. 1888. 1887. 1886. 1885.1
1884.
Galv'stou.Ac 473 1.204 3,400 3,421 1,869 984New Orleans 317 1,526 5,602 2,525 929 332Mobile 19 275 34 47 75 90Savannah. .. 98 4,436 337 259 557 203Charl'st'n,&c 9 710 149 97 155 206Wllm'tft'n.&c 158 9 7 10 50Norfolk 25 2,306 6 109 69 307Wt Point, Ac 5 2,699 4 .79 221Allothors 460 6,130 108 2,447 738l 412
Tot.thisweek 1,400 19,449 9,649 8,991 4,402 2,865
Since Sept. 1. 5510,437 5520,960 5223,097 5337,618 4744,0614813,793
The exports for the week ending this evening reach a tolof 10,03-') bales, of which 7,22.'j were to Great Britain, !,8
I tota!
. . . ,801to Fiance and 1,009 to the rest of the Continent. Below arethe exports for the week, and since Sept. 1, 18ri8.
WMk Bndina Aug 18. From Seiit.l, 1888. to Ang. 16, ISEB.
SxportiExports to— Exported to—
Great Conti- Total Great Contt.BriVn. France nent. Werk. Britain. France nent.
87.B27
Total
Galveston 205.73U 81,076 314.442New Orleans.. 2.805 1,078 40 3.321 773,tU 283,065 458,40i) 1,487,889Mobile S0,4»l 50.498Sarannah t»!.47» 11,642 229.858 323,879Bi-UDSwick 44,909 6,362 38.051 88,918Cji:irleston .... 54,133 23.740 171.6511 257.684Wlimlngton... 78.082 22,665 lflfl,747
Norfolk 218.822 43.»5i 202.J-74
West Point. . 171.098 12,361 1!:3,451
N»pt Nws, 4c. 97.737 1.7.737
Mew York 4,40t 7«8 969 8,085 7?3.071 60,143 265.IJ41 1,013 060Boston 610 0X6 Z2%M8
1S8.S83
4.404j
2H3.062
00,166: lSSf89Baltimore 3,350Phlladelp'a.io 45,658 13,21lj rp,ie9
Total 7.885 1,801 1.009 I0.OS5 a.910.786, 412.273 l.3(-4.230 4,707 2no
Total 188T.SS.. 7.304' 4.155 1I.4S« 2,881. l2^ 401.922 1.30), 749 4,590,799
In addition to above exports, our telegnuiiH to-night aku give-us the following amounts of cotton on sliiplwiard, not cleartd,at the i)ortH named. We add similar flgur<>M for New Yorkwhich are prepared for our special use by Moasra. Carey, Yale ScLambert, 24 iieaver Street.
]
On SMpboanl, not cleared—for
Aug. 1«. al- 'T7ir\7~~\~Olh^'co^.Totul.
LeaelngStock.
New Orleans.MobileCbarleaton .
.
Bavannnh . .
.
Galveston .. .
NorfolkNew YorkOther ports..
505None.None.None.None.None.11,500l.OuO
None.None.None.None.None.None,pjone.None.
None.None.Mono.None.None.None.3,800None.
None.None. I
None. ',
100 1
None.None.None.None.
505None.None.100
None.None.15.300I.OOO
l,90O50101840050114
57,0420,804
Total 1889... ' 13,0..', None. 3,800 1001 10,905
107,591
Total 1888...Total 1887...
1 io,.5oo:10,905
4501,114
3,000!3,030 {
l,?'-.'. 1 : U 51
1.59,6349 1 ,.508
The speculation in cotton for future de: . ;Uis markethas increased some >vhat, and the general tendency of prices,especLiUy for the next crop options has been upward, dueprimarily to a gradual depletion of the sujiply of old cropcotton and the oackwardness of the new crop. On Mondayprices were lower, owing to the favorable Agricultural Bure.iureport received after "Change hours on Saturday. On TiiL-sday
there was a slight advant-e in respon.se to a ri.sc in Liverpool.Large freight engagements for Liverpool were reported.There was a further and more important advanceon Wednesday, when the Liverpool market was again higher,while the receipts at the ports continued light. There was,moreover, a good di^mand for "short notice-i," for whii;h apremium of 10 to 15 points over "regular" August was paid byexixjrters, while spinners paid a premium of as high as 4.5
points over August for certificates representing dcsiraole cot-ton. Some who at one time bought October an<l sold iJauuarywere reversing the straddle. Tliursday was the most activeday in some time, aud prices were again higher here. Liver-pool moved up sharply, the sales there being liberal, notwith-standing the recent talk of a general short-time movement,while there was a good demand here for spot cotton. On Fri-
day there was a fiitther advance, due to a continued upwardmovement of Liverpool prices, covering by sliorls and a gooddemand for the actual cotton, as well as the scarcity andfirmness at the South. Cotton on the spot ha-s been firm" witha steady demand both for export and cou'umption, and agradually diminishing supply. Middling uplaiid-s closed linnat 11 15-160.
The total sales for forw ard delivery for the week are 286,600ba^es. For immediate delivery the total sales foot up this week11,423 bales, iucludmg .5,021 for export, 5,803 for consumption,— for speculation, and — in transit. Of the above— baleswere to arrive. The following are the official quotations for
each day of the jiast week—August 10 to August 16.
UPLANDS. Sat. ! mon Xne* Wed Tb. FrUI
Ordinarv ^ lb. 8»i« 8>»igSiTk't (uiliniivv 9 9Gooil OrdinaiT ' 9i6,,l 9i5iiStrict Good Ordinary 10% 10%Low .MiddliML' lO's ' lO'^eStrict Low .Middling It's ;11'8 »- = ,-. „ ,-.= -- =MiddiiiiK ll»,s In^ig nV '1I616 ll^is jll'i*Good Middlins: Ili»i8 lH-iie ll'»ie ll''ii. lliSifJllis.gStrict Good -Middling ,121i« ,12ii8 il2i,« ,121,„ 121,6 |12i,«
Middlins Fair I2J3 il2i2 ,12ia 12^ 121-2 Il2>4Fa'r...; I318 II318 IISH) !13'9 13i« IS^s
8»i6 S-^iB S'la 89ie9 9
i9 9
9iii6' 915,„ 9IS|«I 9l5ig10% ilO% 10% ilO%10'8 '107,, llO's lO's11% ;il»« ,1118 !lll8
GULF. Sat. IMnn rneklWed! Th. Prl.
..« lb.! gi3|j 81^,i9>4
8I--1,
9U \^' jii:"8"I89'4Strict Ordinary 9M
Good * )rdinary lO'ia I10<,« 10',« Il0i„ 10'« 101,,Strict Good ( •rdinary. .
.
10^ 10% 10% 10% 10% 10%Low .Middlinit 11>8 11 Is im llie It's 11%ttrk't LowJliddlini 11% 11% 11% 11% 11% 11%.Hiddlinif lI",o ll"ni ll'-is 11«,« ll-u ll'is(iood Middiiii!? 12l,„ l-"i« 121,,= 121, « 12',
«
12'lGStrict Good Middling... 12u 12-. 12->,., 12>,., 12i,« 12\«Middling Fair 12:U 12*1 12:U 12at 12^ l-2\Fair 13% 13% 13% 13% 13% 13%
STAINED. Sat.;illoD Tn«* Wed Tb. Vrt.
Good Ordin.iry 9 Ib.l 8',eStrict Good Ordinary 1
OljgLow Middling 110Middling 'l0<3,.
87„ S'lO 87,8
10 llO ,1010",. '10l».. '1013,1
87„ 87,8
10 10101»,.llOl»,<
MARKET AND SALR.S.
The total sales and future deliveries each day during theweek are indicated in the following statement. For the con-venience of the reader we also add a column wiiich shows at aglance how the market close<l onsamedays.
SPOT MARKETCLOSED.
SALES OF SPOT AMD TR.VSSII.
purl.Oonr S/iec-'Tran-tutnp. ul't'nl ttt.
I Total.\iyiiv-
!>,421
iooj
ib"6i
1,476,287|546!
2.355'70Si430
10
TUa, SO,UOO530 08,700
Sat. . QuietMon . CinictTnc-*. QuietWed. FinnIhur. FirmFri. . . Firm
Total 1. I 5.62 ji 5,802 .... ..'ll,4!.3 280.600
The dally rteltverics given above are actually delivered the «ayprevious to that on wlileli they arc reported.
The Salks and Prices of Futures are shown by the follow-
ing comprehensive table;
210 THE CHRONICLE. [Vol. XUX.
•* ilaolades sales In September. 1888, for September, 165,300 ; Sentem-Hwr-October, for OotolHT, 394,100; Scplember-November, for Novemberags.ftoo; ecptember-Dfoeniber, for December, 980,400 : September'sJ«nDar>^, for Jiiuuui-y, l,»>r)0,500; September-l-'obruary, for Februarv"•881,300; Septeuibi-i-Miiich, for March, 1,944,800; Soptember-Anril»or April, 1,2.-57,800; P.-pteniber-May, for May, 1,595,100, SentemWJane, for June, 1 .(ir>6.0i«i; September-July, fiu' July, 1,099 000E»- We have Inelmled m the above table, and shall continue each
weeic to Kive, the avernne price of futures each (lav for each month Itwill tH> found uuiler each day followinc the abbreviation " Aver "
'tIipuveTogc for each month for the week is also Riven at bottom of table
Transferable Orders—Saturday, 10-OOc.; Monday, 10'55c Tn^artarao-15no.; Wednesday, 10-65c.: Thursday, 10-70c.; Friday, l6'75c '^'
The following excliaiiKes have been made during the week-a^ .«„»„i.1r.nniw,. f„,c-oi, -ao pd. to exch. 200 Sept, for Au«
'r,l I'4- '" «^«'>- 1"0 J»n- for Oct.•2< pd. U> exch. 100 Sept. for Amt2.1 pd. to exch. 200 Nov. for Ocf'i', Pt !* ^^'^h 100 I><'C- for Sept.•02 pd. to exch. 1,200 Nov. forian.19 pd. u, exch. 100 Oct for Sept.•03 P' to exch. 100 Nov. for Jan.•03 pd. to exch. 100 Deo. for Nov
-*9 pd. to exch. L.-iOO Dec. for Feb.-17 |id. to exch. 2<M» Oct. for Sept.-Ifl pd. to oxcli. .SOO Jan. for Oct.-2S pd. to exeh. .'i.lOO Sept. for Aug.-16 i>d. to excli. 400 f)ct. for Sept.•04 iMl to exch. 1(K> Dec. for .Tan.-06 i>d. to exch. r>0<) Jan. for Feb._10 imI. to exch. 100 Jan. for Oet.-J7 pd. to eioh. 200 Oct for Sept.
The Visible Supply of Cotton to-night, as made up by cable
and telegraph, Is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week's returns,
and conse<iuently all the European figures are brought downto Thursday evening. But to make the totals the completefigures for to-night (Aug. 16), we add the item of exports fromthe United States, including in it the exports of Friday only.
1889. 1888. 1887. 1886.Stock at Liverpool bales 509,000 465,000 597,000 533.000Stock at London 19,000 16,000 39,000 24,000
Total Great Britain stock. 588,000 481.000 636,000 5.57.000
Stock at Hamburg 3,200 4,000 4,300 4,000Stock at Bremen.. 30,200 36,900 61,900 32,700Stock at Amsterdam 7,000 7,000 29,000 20.000Stock at Rotterdam 300 300 200 300Stock at Antwerp 15,000 700 1,100 1,300Stock at Havre 84,000 118,000 196,000 127,000Stock at Marseilles 5.000 3,000 3,000 6,000Stock at Barcelona 53,000 48,000 32,000 50,000Stock at Genoa 5,000 8,000 4,000 15,000Stock at Trieste 4,000 12,000 9,000 11,000
Total Continental stocks 206,700 237,900 340,500 267,300
TotalEiiropean stocks.. .. 794,700 718,900 976,,'iOO 824,300India cotton afloat for Europe. 45,000 41,000 120,000 144,000Amcr.cotfnaflo.at for Europe. 20,000 27,000 48,000 29,000Egyiit,Brazil,Ac.,amforEVpe 5.000 6.000 32,000 4,<H)0
Stock in United States ports.. 84.496 175,749 108,217 197,079Stock in U. S. interior towns.. 6,422 15.252 17,408 40,082United States exports to-day. 1.820 1.033 0,140 8
Total visible supply 957,433 984,934 1,311,265 1.238.469
Of the above, the totals ofAmerican and other descriptions are as follows:
A meriean—Liverpool stock bales 333.000 306,000 326,000 372,000Continental stocks 114,000 130,000 180,000 176,000American atloat for Europe... 20.000 27,000 48,000 29,000United States stock 64,4»6 175,749 108.217 197.079United States iutcriorstocks.. 6,423 15,252 17,408 40,082United States exports to-day. 1,820 1,033 9,140 8
Total American 559,738East IiidiaHf Brazil, rfc.
—
Liverpool stock 236,000 159,000 271,000 161,000Londoustock 19,000 16,000 39,000 24,000Continental .stocks 92.700 107,900 160,.500 91.30eIndia afloat for Europe 45,000 41.000 120,000 144,000Egypt, Brazil, &c., afloat 5,000 6,000 32,000 4,000
655,034 688,765 814,169
Total East India, &c 397,700Total American 559.738
329.900 622..500 424,300655,034 688.765 814,169
984,934 1,311,265 1,238,469558d. S'ad. 53,ed.ll%o. 9iiifce. 9»i6C.
Total visible supply 957,438Price Mid. UpL, Liverpool O^d.Price Mid. Upl., New York ll'>j,,c.
t^ The imports into Continental ports this week have been4,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 27,496 bales as compared with the same dateof 1888, a decrease of 3.53,827 bales as compared with thecorresponding date of 1887 and a decrease of 281,031 bales as
compared with 1886.
At THE Interior Towns tlie movement—that is the receipts
for the week, and since September 1, the shipments for theweek, and the stocks to-night, and the same items for thecorresponding period of 1887-88—is set out in detail in theollowing statement.
£ga
Newberry,
8.
C.
RaU-iKb,
N.O....
Petersburg,
Va.
.
Louiflville,
Ky/.
Little
Rook,
Ark
Bronhain,
Tex.
.
Houston,
Tex...
go5
CD
AuRusta.Ga
Columbus,
Ga...
Macon,
Ga
Montgomery,
Ale
Selma,
Ala
Memphis,
Tenn.
Nashville,
Tenn.
Dallas,
Texas...
Palestine,
Texas
Shreveport,
La..
Vick.sburff,
Miss.
Columbus,
Miss.
Eufaula,
Ala
.
.
.
GrilHn,
Ga
Atlanta,
Ga
Rome,
Ga
Charlotte,
N.
C.
St.
Louis,
Mo
Cincinnati,
Ohio
o
00 ' t^
COCnCB 0>-. . C0-10<. ll»M
is
11
s
HOS
MX
CO
w
CDCO
cc
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' The figures lor Louisvllla in botli years are ".net."
J
August 17, iseu.j THE CHRONICLE. 211
decreased during the week 958 bales, and are to-night 8,830
bales less than at the same period last year. The receiptH at
the same towns liave been 3,173 bales less than the sameweek last year, and since Sept. 1 the receipts at all the townsare 43,583 bales more than for the same time in 1887-88.
QUOTATIO.XS FOR MIDDLING COTTON AT OTHRR MARKETS.—In the table below we give the closing quotations of middlingcotton at Southern and other principal cotton markets for eachday of the past week:
Week enfiing CLOSING QUOTATIONS FOB MIDDLIMO OOTTOK ON-August 16.
Satur. itmi. Tuet. We<lnet. Thurt. FrL
GalvcBton... 11 11 11 11 11>8 11 '4New Orleans 11 11 11 11 11 11Mobile 10\ 10^ 10% 10% 10% 10%Savannah . .
.
10»8 IOOb 10»8 10»() lOSs lOSsCharleston.
.
lO's lO'a lo'a 107,, lO's lO'sWilmington. im HU 11>4 lUi IIH IIHNortollc 11 11 11 11 11 11Boston 113831a 1139®>3 ll3es>9 11%?>S ll»Ba»a ii%aii3Baltimore... llJatOg lliaaos 11>1J»»8 imaog lios ll»sriiiladelphia Uh, lHa im 1113 Jl»fl 111,Align Itta .. .. 11 11 11 u 11 11Memphis ... 103t 10% 10% 10% 10% 10%St, l/oum lOSSl 10% 10% 10% 10% 10%Cincinnati .
.
11 11 11 11 11 ll^sl11%|Louisville. .. 11% ll^e 11% 11% 11%
Receipts From the Plantations.—The following tableindicates the actual movement each week from the plantations.The figures do not include overland receipts nor Southernconsumption; they are simply a statement of the weeklymovement from the plantations of that part of the crop whichfinally reaches the market through the outports.
Week Receipt! at t(i« PorU. SVkat Interior Towru. Rec'ptt from Plant iu
EnMno-1887.
9.411
1888. 1889. 1887. 1888.
.':7,66-
18t9.
12,683
1887. 1888. 1889
JuIylZ 7.021 2,130 33.8J8 193" 19 3,295 10.0«2 l.»5i ao.183 31,470 10.S55 3.865 124• 2« . . 2,581 8.033 1,710 27,937 28,168 9,657 1,330 4,726 512
UK. 2 1,4P9 e,.S81 Ml 20,fll8 23.68:. 9,15« 1,906 412' 7.270 9,015 1,010 23,9«7 20 385 7,848 5,819 8,615• 18 8,84* H'.449 1,406 22.9S'. 1«.214 7,390 8,668 15,3 8 945
The above statement shows: 1.—That the total receipts fromthe ])lantations since September 1, 1888, are 5,502,433 bales; in
1887-88 were 5,519,374 bales; in 1886-87 were 5,198,023 bales.2.—Tliat, although the receipts at the outports the past week
were 1,406 bales, the actual movement from plantations wasonly 948 bales, the balance being taken from the stocks atthe interior towns. Last year the receipts from the plantationsfor the same week were 15,308 bales and for 1887 they were8,668 bales.
Amount of Cotton in Sight Aug. 16.—In the table belowwe give the receipts from plantations in another form, and addto them the net overland movement to Aug. 1, and also thetakings by Southern spinners to the same date, so as to givesubstantially the amount of cotton now in sight.
1888-89. I 1887-88. 1886-87.
Receipts at theports to A.ug.16 5,510,437 5,526,960 5,223,097Interior stocks on Aug. 16 in] I
excess of September 1 '7,985 •7,586; 25,074
1885-86.
5,337,618
31,692
Tot. receipts from plautat'ns 5,502,452 5,519,374 5.198,023;5,369,310788,8801391,000|
821,134308,000
6,869,668 6,933,068 6,377,903 8,498,444
Net overland to August 1 891,216, 978,694,Southernconsumpt'ntoAug. 1 476,000| 435,000
Total in sight August 16...
Northern spinners' takings to I
[ |
August 1 (i 1,717,286 1,768,488 1,639,426 1,773,462* Decrease from September 1.
~~~~^
It will he seen by the above that the decrease in amount in sightto-night, as compared with last year, is 63,400 bales, the increase ascompared with 1886-87 is 491,765 bales and the increase over 1885-86Is 371,224 bales.
Weather Reports by Telegraph.—Telegraphic advicesto us to-night indicate that except in some portions of the At-lantic States, where there has been too much rain, the weatherconditions have been quite favorable for cotton. Beneticialrains have fallen in districts of Texas where moisture wasneeded, and picking is becoming active in the eai'Iier sectionsof that State. BoU worms and caterpillars are reported at afew points in Georgia, Alabama and Mississippi.
Galveston, Texas.—We have had hard rain on four days ofthe week, the rainfall reaching three inches and eight hun-dredths. The thermometer has ranged from 70 to 89, averag-ing 80.
Palestine, Texas.—Tlxere have been light showers on twodays of the week, but more rain is needed. The precipitationreached fourteen hundredths of an inch. Average ther-mometer 82, highest 93, lowest 71.
Huntsville, Texas.—Rain is needed, as we have had onlytwo light showers during the week, to the extent of twentyhimdredths of an inch. The thermometer lias averaged 85,the highest being 100 and the lowest 70.
Dallas, Texas.-The weather has been dry aU the week.Crops are good. The thermometer has averaged 86, rangingfrom 74 to 96.
San Antonio, Texas.—It has rained splendidly on threedays of the week. Crops are very fine and picking hasbegim. The thermometer has ranged from 70 to 94, aver-aging 82, and the rainfall reached tw-o inches.Luling, Texas.—We have had hard but very beneficial rain
two days of the week. Crops are fine and picking iaactive. Average thermometer H~>, highest 98, lowest 73.Columbia, Texas.—There has been hard but very welcome
ram on three da^s of the week. Crops look Bplendid, andpicking is lioginnmg. Caterpillars have appeared, but poiiton-ing is general.
C'lwro, Texas.—We have had fine rains on two days of theweek, and crops aie very good. The rainfall reached seventy-two hundre<lths of an inch. Picking is active. The ther-mometer has average<l 79, ranging from 62 to 96.Brenham, Texas.—Although we have had showers on two
days of the week to the extent of eighty-three himdredths ofon inch, the rainfall has been insufficient. Tlie thermometerIiaa ranged from 71 to 95, averaging 88.
Belton, Texas.—There have been fine showers on three daysof the week, but hardly enough. The rainfall reached fifty-five hundredths of an inch. Crops are good, but need rain.Average thermometer 83, highest 95 and lowest 71.
Weatherford, Texas.—No rain has fallen all the week.Crop are good. The thermometer has averaged 82, the high-est being lOO jind the lowest 64.
New Orleans, Loidsiana.—We have had rain of five days ofthe week, the rainfall reaching one inch and forty-nine hun-dredths. The thermometer has averaged 82.
Shrevepoi-t, ioum'ana.—Rainfall for the week three hun-dredths of an inch. The thermometer has ranged from 70 to95, averaging 83.
Columbus, Mississippi.—We have liad rain on three days ofthe week, the rainfall reaching fifty-throe hundredths of aninch. Average thermometer 80, highast 98, lowest 60.
Lelaiid, Mississippi. —It has rained on three days of theweek, the precinitation reacliing one inch and twelve hun-dredths. The thermometer has averaged 80-4, the highestbeing 94 and the lowest 68.
Meridian, Mississiitpi.—The weather has been hot and drythe past twelve days and rain is needed. It is claimed thatworms are damaging the crop in many localities.
Greenville, Mississipjn.—The week's rainfall has been oneinch and flfty-five hundredths. The thermometer has rangedfrom 69 to 92, averaging 83.
Vicksburg, Mississippi.—It has rained on two days of theweek to the exteiit of ninety-two hundredths of an inch.Average thermometer 88, highest 97, lowest 75.
Little Rock, Arkansas.—We have had light rains on threedays of the week, the rainfall reaching thirty-seven hun-dredths of an inch. In the past few days the cotton wormhas made its appearance in several counties, but has causedno material damage so far. Reports indicate good crops in all
sections of the State. The thermometer has averagea 79, thehighest being 93 and the lowest 70.
Helena, Arkansas.—Crops are progressing well. It has beenshowery on four days of the week, the rainfall reaching oneinch and twenty-five hundredths. The thermometer hasaveraged 78, ranging from 60 to 92Memphis, Tennessee.—The weather is now clear and cool,
but rain feU on four days of the week to the extent of twoinches and twenty-five hundredths. Crop reports continue toimprove. The yield of com is alwut the largest on record.The thermometer has ranged from 68 to 92-5, averaging 79.
Nashville, Tennessee.—We have had rain on five days of theweek, the rainfall reaching eighty hundredths of an inch.Average thermometer 78, highest 90, lowest 65.
Mobile. Alabama.—Crops are very promising. Worms arereported in some sections, but no damage done. There havebeen showers on two days, the rainfall reaching twenty-eighthundredths of an inch. The first new bale reached hereThursday from Gaston, Wilcox County, Alabama, consignedto Robins. Burgess & Co. It weighed 548 lbs., classed mid-dling, and was sold to Huger & IngersoII at 17}^ cents perlb. Four more new bales to-day. The thermometer hasaveraged 81, the highest being 90 and the lowest 70.
Montgomery. Alabama.—There has been rain on four daysof the week, the precipitation reaching three inches and tliirty-
two hundredths. The thermometer has averaged 82, rangingfrom 68 to 94.
Selma, Alabama.—Rain has fallen on one day of the weekto the extent of two inches and eight hundredtlis. It is claimedthat rust and worms have injured cotton to some extent. Thethermometer has ranged from 70 to 93, averaging 77.
Auburn, Alabama.—AH crops are in excellent condition.
The week's rainfall has been forty-one hundredths of an inch.
Average thermometer 80, highest 92'5, lowest 70.
Madison, Florida.—Telegram not received.
Columbus, Oeorgia.—It lias rained on one day of the week,the rainfall reaching ninety-two hundredths of an inch. It is
reported that boll worms and caterpillars have made their ap-
pearance, and that much damage is anticipated. The ther-
mometer has averaged 80, ranging from 89 to 69.
Savannah, Oeorgia.—Sixty-two bales of r.ew cotton havebeen received this week. I'he rainfall has been two inches
and forty-three hundredths, rain having fallen on each day of
the week. The thermometer has ranged from 70 to 90, aver-
aging 79.
Augusta, Oeorgia. — General rains fell on four days in
the early part of the week, the precipitation being twoinches and thirteen hundredtlis. There is some complaint of
too much rain and cloudy weather. Worms are reportetl at
some points, not to an injurious extent however. As a rule
accounts are favorable and the outlook good. Two new bales
were received on the 15th. Average thermometer 80, highest
95, lowest 69.
212 THE CHRONICLE. [Vol. XLIX,
Charleston, South CaroUna.-lt has rained on six days of
the week, the rainfall reachinR four inches and Mty-«x lii^-
drcdths. The thermometer has averaged 80, the lugaest
beinc W and the lowest 70., , . . j„^=
Stlitelxirg, South Carolina.—We have had rain on four days
of the week, the rainfall reaching two inches and eighty-six
hundredths. Less rain and more sunshine is wanted, ine
UieriM, .Ml. t.r has averaged 74 8. ranging from 676 to 80.
\\ If, Carolina.—There has been ram on two days
of ,
;
, tlie extent of two inches and seventy-five hun-
dtt?aths. Tlie thcrmomete.- lias ranged from 68 to 90, avera-
The' following statement we have also received by telegraph,
showing tlie height of the rivers at the points named at d
o'clock August l."), 1889, and August 16, 1888,
(Aug. 15, '80. Aug. l(i, '83
Kew Orlcana Above low-wnfcr murk.MiMiipM* Above low-watermark.\ Above low-watermark.
I Above low-water mark.\ , Above low-wat er mark
.
Fffl. Ine It. Feel.
7 4 113 (! n5 8 1
10 2 fl
20 8 Mian
/lie*.
i(i
18
India Cotton Movement from all Ports.—Tlie receipts
and shipments of cotton at Bombay have been as follows for
the weeK and year, bringing the figures down to August 15.
BOHBAT KECEIPTS ASD SniTMESTS FOR FOUR YEAR!.
lOHtMnctUt thU veek.i Shipment* Hnee Jan. 1.
Star' Ortni < Oonll-
'
BriCh. nenl.\
Total.' Great Oonll- „ .
,
lieeelpli.
ThUWeek.
^iice./an 1.
1889! 1,0001 1,000' 2,000 3.57.0(H) 828,000 I.IS.'J.OOO 0,000 l.OHO.OOO
1889! ..I 20!).(I00 508,000 807.000 .5,000 1,274,000
18871 aiobo 2,000 5,000 3,50,000 (WO.OOO 1,000.000' 4,000 1.412.000
188« 7,mif> 10,(M)0 17.000 313,000 650,000 0(i3.OOO 0,000 l,3r)l),000
According to the foregoing, Bombay appears to show anincrease compared with last year in the week's receipts of
1,000 bales and an increase in shipments of 2,000 bales, andthe shipments since Jan. 1 show an increase of 378,000 bales.
The movement at Calcutta, Madras, and other India ports for
the last reported week and since the 1st of January, for twovears, has been as follows. "Other ports" cover Ceylon,Tuticorin. Kurrachee and Ccconada.
Calcutta
-
18801888
Madras—188018«8
All others—18891888
ToUlall-18891888
Bhtpmentefor the toetk.
Oreat \ Conti-Britain.' neni. Total.
Shipmtntt Ditiee January 1.
BrmL. Oonimmt. Total.
3,0003,000
i',006
1,000
1,000
4,0003,000
1.0001,000 I
33,00028,000
25,00014,000
33,00020,000
44,00063,000
4,0005,000
22,00015,000
77,00 1
01,000
20,00019,000
55,00044,000
3,0004,000 I
2,000 5.0004,000
91,0007i,000
70,00083,000
161,000154,000
The above totals for the week show that the movement fromth^ ports other than Bombay is 1,000 bales more than the same•week last year. For the whole of India, therefore, the totalshipments since Jan. 1, 1689, and for the corresponding periodsof the two previous years, are as follows:
EXPORTS TO EUROPE FROU ALL INDIA.
Sh'ptncyite \
toa'i Eioopefrom—
1889. 1888.
Thisweek.
B neeJan. 1.
Thisweek.
SinceJan. 1.
1887.
Thisweek.
SinceJan. 1.
Bomh-iyAU other ports.!
2,000 1,185.000, i 807,000 5,000 1,000,0005,000i 161,000| 4,000; 154,000! 0,000 310,000
Total I 7,000l l.S46.000| 4,00o: OBl.OOO: 14,000;i,340,000
Alexandria Receipts and Shipments.—Through arrange-ments we have made with Messrs. Davies, Benachi & Co., ofLiverpool and Alexandria, we now receive a weekly cable ofthe movements of cotton at Alexandria, Egypt. The foUowinn-are the receipts and shipments for the past week and for thecorresponding week of the previous two years.
Altxandria, Egypt,August 14.
Receipts (caiitars*)This week8iiien Sept. 1.
1888-39. 1887-88. 1886-87.
1,0002,707,000
Thisweek.
2.901,000 2,016,000
SinceSept. 1.
To I
Total Europe I 2,000 388.000• A caiifair is 08 pounds.
1,000228,0001,000 160,000
Thisweek.
ISince
\8epl. 1.
Thisweek.
SinceSept. 1.
- '2J8,000l '264.0002,000 162,000} 1,000,153,000
1,000 4 1 0,000' 1,000 : 417!oOO
A.T!"M'*"''"'"?Ul''"^^*'''*'*''•' receipts for the week ending
2fi^ bale^'."*" '"""^^ '"''^ '^^ shipments to aU EuropI
Manchester JiARKET.-Our report received bv cable to-niehtfrom Mancht^ter states that thi market is strong forbfth
Tcks o"'c.„tton"^^Wo'*P'"''r"'^ <=-«Mered toehold smaU
il^^ lu '°*'i">- We give the prices for to-day below and
^Zle^n: ^^ P''^'""* ^^''^ "^ '"^ ^'^'i Lt yelr Tor
J'yl2
1889.
32« Oop.Twist.
8I4 lb:S/iirtlTigs,
d. d.
T'n «839• 1917'8 ®838" 26I7''8 «838
Aug.2,7''8 *8%
8. d.;5 11j5H(5 11511
9i7i5i«*8'i,j5 1110 8 1T8^ l6
8.
»7«7S7«7a7«7
Oott'nHid.Vplds
1888.
32 » Oop.Iwist.
8 '4 lbs.
Shirtings.
d.
6'186l8
61s6I46 '40%
d.7»87=87087%
758
d. 8.®8i4 5«8i4 5®8i4 !5
a8>4 538>4 15«8>4 I5
d. B. d.7 a77 377 '877 ®77 -87H^ire 11
Colt'nMid.Vplda
d.
5=8
Jute Eutts, Bagging, &c.—The demand for bagging liasbeen quite active and prices are tirmly held, eellers quotingSJ^iaiOJ^cas to quality, with higher prices expected. ITiereisnot much doing in jute butts, only small sales being reported at!• <0@ l?4:c. for paper grades, and 2@2%c. for bagging qualities.
Cotton Progress and Prospects.—In our editorial col-
umns to-day will be found a short article sbowiug the progress
of the cotton plant during July, and the present prosjiects for
the crop.
Cotton Crop Circular.—Our annual Cotton Crop Reviewwill be ready in circular form on Wednesday, the 11th of
September. Parties desiring the circular in quantities, with
their business card printed thereon, should send in their
orders as soon as possible, to ensure early delivery.
Cotton Bagqino -versus Jute BaogIng.-a special com-mittee of the New York Cotton Exchange, composed ofMessrs. Heniy Hentz, M. H. Lehman, K. Meissner, C. D. Mil-ler, R. Woolfenden, Theo. H. Price and R. H. Rountree, helda conference on Monday last with Messrs. A. P. Butler, ofSouth CaroUna ; B. M. Hord, of Tennessee; J. C. Cheney, ofAlabama, and J. T. Henderson, of Georgia, a commissionrepresenting the Southern Farmer's Alliance, and each of themCommissioner of Agriculture in the State he represents.
The convention of the Fanner's Alliance lately held re-
solved to substitute cotton cloth for jute a.? a covering for
cotton, and the object of the commissioners in commg here wasto obtain the aid of the New York Cotton Exchange in bring-
ing about the change. It was agi-eed by the New York com-mittee to report to the Board of Managers of the CottonExchange a recommendation that the Liverpool Cotton Associ-
ation be requested to make a separate tare for bales coveredwitli cotton bagging. The Liverpool Exchan.tce, however, is
known to be so conservative, and so averse to making changes,
that we can hardly expect immediate favorable action on their
part.
It requires of jute bagging 4 pounds to cover 113 pounds of
cotton, so that for a bale weighing net 44S pounds the baggingwould weigh 16 pounds and the ties about 10 pounds or a total
tare of 26 pounds. On the other hand it is claimed that cotton
cloth weighing three-quarters of a pound to the yard is
sutflciently strong for the purjiose intended and six pounds of
this material will cover a bale, making the total tare 16 poundsor 10 pounds less than when jute covering is used. It is
therefore plain that some readjustment of tare allowance wouldbe necessary, and it has been suggested, in view of tliis fact
and of the conservatism of the Liverpool people, that it mightbe well to go ahead and cover a couple of ciops with cotton
cloth and in that way the matter would probablj' adjust itself.
Texas Cotton Crop.—Tlie Galveston Daihj News of August8 gave extensive reports on the cotton crop trom its variouscorrespondents tiu-oughout the State, which were summarizededitorially as follows:
The A'cwK presents the hist of its series of crop rejiort.' tiiis moraitiK. andi8 pleased to call attention to the very flii: terini; pi-o.^pects for good cropsin all eoftions of the .State. The reports are almost tinanlninus la chron-icllus; the host corn crop that has ever been produced iu Tex3s, whilethe vicUl of other Kralu is fully up to an average. The cotton crop Isundoubtedly a splendid one. The only complaint that is maile is dan-ger from drouth, but as rains have occurred pretty generally through-out cast, central and southern Te.vas, with .good local rains in ethereectioue, there is not much reason to fear disaster from that cause. Thoreports bear dates from the 1st to the oth instant, and come from 2'JOpoints in 100 counties. The conditlim of tlie cotton crop as comparedwith iin average season Is shown in the following summary: 100 reportthe condition as good, 70 as very good, 37 as fair, and 25 as not up tothe standard, or in bad condition, while 19 report but Uttlo cottonplanted. A noticeable fact is that almost without e.vceiitlon where thecondition of tho crop is reported as very good comparison is made wit'the crop of 1882-83, which was the largest on record, Durlni tho pastfourdai 8 thesignal service reports rains at thefollowing stations in thecotton belt: Galveslou, Houston, llearne, Palestine, Longview, Huuts-ville, Columbia, Or.inge, Brenham and Cu< ro, while the indications nowpoint to general ralna all over the State within a day or two.
East India Crop.—From Messrs. Gaddura, Bythell & Co.Vcotton report, dated Bombay, July 9, we have the following:
Keceipts into Bombay show a falling off of 6,000 bales as compareilwith last week. We have had a week of steady rain in Bombay. Cropprospects are much more favorable than when we last wrote. TheBroach and DhoUera districts, which urgently needed rain, have hadcopious ehower.s, and sowing in both districts is progressing underfavorable condition.*. Oomra districts repoi^ta are also favorable, andin moet districts the plants are showing above ground.
AUGUST 17, 1889.J THE CHRONICLR 213
The Agricultural Department's August Report.—Thefollowing statemeut, showing the condition of cotton, wasissued by the Department of Agriculture on August 10
:
The Aii«ustoi-oi) i-.!|Mirtof till) D«i)iirtmoiitof AgrliMiltura iiiak.M the
conillttou of cotton H'.):i, an ailvaiice of iieiiiiy 2 p iliits Murlim tlie
month. Sli'oe 18S0 thlsiivonvKO liiu boon cxcoii(le<l Imt three tlriioH -
la 1882 ISsS anil H87. limn-uv«iu«nt 1» noted In Ave Stiiten, twnre»ortth« same comlltloii, while VirKiniii, North Oiroliua, Tonnriand MlsHlHSlppl show lower averntres than a ni mth a(?o. Uiintliiive
been freiMieut ami Ki'noral dnnnx the month, exo-pt In partH of Texin,and In niuny ilisH- (as they have heeu exeosslve. U.vni iKe wheiever ro-
ported U at'tillmted (o thi exi; -sa of nioUture and coiis-iinent InaliUity
to keep the crop chMin Home tear Is etpr.'8a8 1 of too licavy a growthof atalk. r^ndeiins in jury llahle shonld dry wi-ather set In.
North (Jar.iliua has had too mueh rain, delaying enltlvation, hut the
weed shows Kood growth. In South Oarolliia eondltlou has been iin
proved l>y good seasons, though there was some local damage tmiii
O.X0C89 of rain". , , ,
Alaliauia retunis .show the crop to lie In proniHIng oniidltlon, elean,
with goiMl growth and fruiting well. Mis-ls'^lppi report* th> rendition
aslowir than a niouih affo, ou aocount of ihe excessive rainfall. Thecrop was late from slow gertnlnailon, and <m many plantallons l.s nowbadly in grass and not fruiting well. Louisiana has eiijoy.-d frennontrains, rather too much for bottom lands, and the crop haf u rankgrowth of weed, rarts of Texas were Iti need of ralu on the llr.it of theiaonth, though no damage had yet resulted.
» In other districts too m icli laiu had put the fleuu somewhat In thejrrass, but a few days ot dry weather would enable planters lo remedytils. In .Vrkansas the early season was not favor.iblo. and the plantwas small and late, but favorable weather dmlng July has placed it In
Ttgorous lonillllon, and It Is improving rapidly. Tennessee • condition
has fallen offrturing the month. The stand was geiierall> poor and late,
and ihe excess of moisture has preventel proper culiivallon.
The averages of eondltlou by States are as follows: Virginia, (l.t; NorthCarolina, .SO; South Carolina, 90; Georgia, 91; Florida, ll.'j; Alabama,SO; Mississippi, 8«; Louisiana. 92; Texas, 91; Arkansas, 93; T.-uiies.sie,
78. Th^eaterpillar and boll worm are occasionally mentioned in Mis-
sissippi anil Louisiana and In several counties in Texas, but the damagefrom them is as yet Inappreciable.
Collecting the three immths" figures of the present season,
And comparing them with the reported condition for the samemonths of last season, we have the following results:
Stttte$.
N. Carolina.8. Carolina..Oeorgia . . .
.
FloridaAlabama ...
MlBSlBSippt .
Loulsluua ..
TexasArka' sas ..
Tennessee .
.
1889.
S58i809087fel
t
921s-0
I8.1
I 82
80909195908892919378
Average '8H-4 87-6' S9-3
83
1888.
3 ^
a 3 *" *^
-? S ^ -^
87-3 8885-7 92910 94,86-7 92Kh-0 9091-3 8892-0 8083 -3 1-4
79-7 92
87-^ a-"
86 !i>5
8rt
90909292917(5
SO90
S-2
8i909290^200-.9
9393
86-7
8-l-.<
8I.-090-792-091-391-3-9-778-392-391-7
87-3
Shipping News,—The exports of cotton from the UnitedStates the past week, as per latest mail returns, have reai-hed
12,228 bales. So far as the Southern ports are concerned, these
ar« the same exports reported by telegraph and published in
the Chronicle la'-t Friday. With regard to New York weinclude the manifests of all vessels cleared up to Thursday.
Tnlal IMlei,
Nsw YORK—To Liverpool, per steamers Celtic, 639 City ofChleato, 1,380 Servia, 1,236 The Queen, 5l7Wisconsin, 582 4,404
To Havre, per ^tealuer La Bretagne, 722 722To Bremen, per steamer Elbe, 314 314To Hamburg, per steamers llummonla, 210 ...Italia, 145 .. 3.>.'i
To B^irielona, per steamer Ponce de Leon, 200 200To Miizatlau. per steamer Newport, 100 100
Ksw ORI.KAN.S—To Llvorpoi'l, per steamer Australian, 785—Discoverer, 1,a'.)-> Floridlan, 153 2,437
To Havre, per steamer Borileanx, 2,517 2,517Boston—To Liverpool, per steamer Venetian, 12 13
To Halifax, i>er steamer Ciiroll, 1 1Saltimouk—To Liverpool, per steamer Kossmore, 1,166 l,16ti
Total 12,228The particulars of thess shipments, arranged in our usual
form, are as follows:Liver- lire- Ham- Barce- Mazat- ffali-
j)no/. Havre, men. burg. I'jna. Ian. fax,4,404 722 314 355 200 1002,437 2.517
12 . ... 11,106 '.'.'.'.'.'. '.'.'.'.'.'. '.'.'.'.'.'. '.'.'.'.'.. '.'.'.'.'.'.
New York.K. OrleansBoston... .
Baltimore.
Total,6,0^54,954
131,166
Total... 8,019 3,239 314 355 200 100 1 12,223Cotton freights the past week have been as follows:
Satur. Mon, Tue$. Wedne*. Thurt. tu.
Uverpool, steam d. 3l6 ha = 18 he hi heDoviaGl'sg'w.d. .... .... .--, ....
Havre, steam.... c. 3&®133a 3831332 38^1333 SS^lSg... 38 'Oi 1332 %®133«Do sail e. .... • «*> --«• >* ... ....
Bremen, steam . c. 718 ^la ^ >s ^ •fl
Do vlaLeith.d. .... .... ....
Samburg, steam.c. 7l8 7.8 'iB 7l8 7l« heDo via Loudon.rf. ....
Amst'd'm, steam. e. 40* 40* 40* 40* 40* 40-
Do vlaLondon.d. •* ....
Beval, steam d. "m*"* iBe4®H H >4 H 4Do saU d. >•• —
.
..••
Barcelona.steamd. 5l8 ^18 ^la Bl« °18 "18
Genoa, steam., .d. »4 '4 l4»6,g J4a6,g H-a^jt l4®6j.
Trieste, steam... d. •aj »32 »32 ''.•)2 %2 »32
Antwerp, steam d. '.12® 'l8 S32®»1B »32®'l« 8.12 *'l6 ^32^^18 Oss^'is• Per 100 lbs.
LiTERPOOL.—By cable from Liverpool we have the follow-ing statement of the week's sales, stocks, &c, at that port,
Bales of the week balesor whioh exporters took.,Of which speculators took.
Sales AmericanA itualenport1' irwardeuT')tal itoek—EstimatedOf which American—Estlm'd
Total Import of the week{
UI which American|mount atloHt
or which American ....I
July 26.
44,0003,0008,000
33,0006,000
42,000663.000423,00015,00013,00054,00013.0001
Aug. a.
SR.OOO9,0000,000
3H.O0O6,000
43,000645,000397,000:fi,ooo7,000
50,0oiilo.oon
,iu«. e.
40,0001.0003,000
30,0005.000
37,000621,000378.000
A.ug.19^
ei,(
3,00046,00010,COOei/Mft
.too.ooo333,000l>:,00Oiij.ooo:i 1,00012.000
The tone of the Liverpool market for spots and futures eaohday of the week ending Aug. 16, and the daily closing pricesof spot cotton, have been as follows:
Spot. \ Saturday Monday.
Market, (
12:30 1-. M.J
Hid.Upl'ds.
SalesSpec, ibexp.
6'4
8.0001,500
Fairbiulnesi.
8,0001,000
Futures.
Mnrknt > ^teadT StsiarKet, (, partisllrl.at adv.
Market, )
2:30 1'.M.5
Steady.
Market,4 r. M.
steady.
Tuetday.
Harden'c.
6>4
8,0001,500
Wtdntt.
Gooddomaad.
12.0001,500
Steady.
Steady.
8t«adT SIpartlallipl-Ol adv.
Steady.
2%HrK<'y,
Gooddemand.
6%12,0002,000
Steady.
Unlet and•teadr.
JVMov.
FnllfmaJnt'osd
6^8,0001,000
StMdr Ml.«4a4.
Stsadr.
The opening, highest, lowest and clo.<)ing prices of futures atLiverpool for each day are given below. Pricei are on thebasis of Uplands, Low Middling clausf3, unles.^ otaerv\|iie stated.
8at., Auk. 10. nioa.. tIlls. 12. Taes., Aair. 13.
Open BiQh Low. Clot. Optn H(9» tow. OIM Open H<«ll tow. ac^
d. d. d. d. d. d. d. d. d. d. d. d.
AUKUSt 6 13 6 13 613 6 13 6 13 6 13 613 8 18 6 16 8 17 6 18 617Ann.-Sept.. 611 bl2 6 11 612 6 12 6 13 6 12 613 6 13 615 613 «i»etaptember
.
6 11 6 13;e 11 612 6 12 6 13 6 12 6 13 613 6 15 613 815
*ept.-Oct... 6 13 3 04 D53 55< 5 64 551 5 64 664 864 658 384 BBS0rt..NoT.
.
512 541 6 43 5 43 5 42 5 43 5 42 5 43 6 43 813 8 43 3411
Nov.. Dec... 5 3^ 538 633 638 538 5 3S 5.18 8 38 5 38 6 38 5 38 assDec..Jan... 6 SB 5 37 5 38 6 37 5 36 5 87 536 5 37 8 37 8 37 636 snJan.-Feb.. 5 36 5 37 6 36 8 37 5 36 687 536 5 37 6 87 6 37 536 tarFeb.-March 5 37 5 37 5 37 6 37 6 37 5 57 837 5 37 6 37 8 37 880 tn
Wednea.. Aue.l4. Thnra., Auk. tS. Frl„ Auk. 16.
Open BUh hva. 0I0». Optn HiQh Lots. Ctot. Op&n
d.
HMlh tow. a-.
d. d. d. d. d. d. d. d. d. d. *.
August 618 8 19 6 19 6 10 623 6 21 6 23 6 23 6 24 25 6 24 68Anc.Sept.
.
817 6 17 6 17 617 6 22 6 22 6 23 6 22 6 23 6 23 6 23 6 63
September. 6 17 16 17 6 17 6 17 6 22 6 2i 6 22 6 221
6 23 623 6 23 6 8JSept.-oct .. 5 59 5 56 5 65 5 56 5 69 5 69 5r.» 5 59 8 80: 560 560 660Oct.-Nov... 5 41 S<3 5 43 5 43 545 6 46 6 46
;5 46 6 46 617 546 5 47
Nov..Dec... SS8 588 6 38 638 6 3l> 5 41 5 39 5 41 641 5 4) 6 41 5 4li
Deo. -Jan... 5 3S 6 37 5 36 637 5 88 6 39 688 5 89I
538 8 40 539 S«Jan.-Feb.... 6 8U 5 37 5 36 537 838 6 49 5SS 6 39 5 39 6 40 539 5 40
Feb.-March 886 5 37 636 6 37 638 6 39 538 589 538 8 40 539 840
BREADSTUFF S.Fkidat, p. M.. .\ugU3t 16, 1889.
Flour has been more or less depressed, with the trade gen-erally rather small, though occasionally there has been tomeimprovement in the demand. There has been a disposition
to sell I Id flour in anticipation of larger receipts of new, andc nc'ssions in prices have been found necessary to effect anyreduction in stocks. To-day the market was dull and ratherweak.Wheat ha.s advanced owing to higher markets abroad, un-
favorable weather in Great Britain, smaller receipts at theWest, light offi^rings here and a demand from shorts as well
as a somewhat better "spot" demand for Europe, and the
purcha-e of 150,000 bushels at St. Louis for lirazil, whilethere have been reports of some transactions at Chicago andDuluth for direct shipment to England. The Governmeutreport of the condition of spring wheat was not so favorable
as had been expected", and this fact had some effect on prices
at the opening of the week, but private rejjoris latterly havebeen favorable, and though at times there have been rains in
the West which seem to have interfered with the marketingof the crop, tlie weather has been better within the last fewdays. To day tlie market opened easier with fine weatherhere and abroad, but a decrease in the receipts at the Westcaused a rally, and the ch sing prices were slightly higher,
There was very little export demand.DAILT CLOSIMO PBIUGS OF »0, Z BED WlMTEIl WBBAT.
Uon. Tatt. Wed. T/tnn.847g 8.i 86 85»8
SJ-'s 84 851a 84'a84»8
86!(i
Ul^
m86>«8585^86^(•7<«
86 t9iH
Corn has advanced in response to strong markets at the
West, with a good export demand and some falling off in the
crop movement owing to rains at the Weat. The demand at
the Weatern maikets has been good and the tone goaeraUy
An^iat delivery o.
Beptemher dell very o.Ootob rdellvery o.
Novembi-r delivery e.
Deoemberd- livery o.
January delivery 0.
May, 1890, oellvery.
Sat.84 1«
811485 ag
80 m8738OlKl
8l9g 85N 84'8
855s 8634 (•«
86^ n.'s HTs8 'b H9 88 14
om 92 >3 »2
214 THE CHRONICLE. [Vol. XLIX.
firm Tadav the market •was quiet, but options closed
slightly higher. The ^feather at the West was more favor-
S OF MO. 2 MIXBD OOaV .
iron. Tue*. Wed. Thurt. /V».
43>4 *3''9 44% 41 4438
43^ 43^ 4418 43^ 43 ^8
43% 44 44 >4 43^8 4418
44 44% 44 >s 44 >s 4438
4398 43(>8 44 43\ 44ie
Sal.
AnnstdellTerr e. 13Vi
September drtlvery o. *3^Ootoberdeltvrry o. 43'»KoTtmber delivery c. 44«eDcoeoiber delivery o. 43's
Oats are higher for mixed than last week partly in recponse
to the liBe in coin. To-day the market was quiet and rather
irregular, tut in the main depressed.
DAILT OLOSniO FKIOBS OF NO. 2 MIZXD OAIB.
Sat. Hon. Tua. Wed. Thurt.aeis 20% 27 2714 27%26V» 2G-18 26»8 26% 2058
26HI2729 'a
The exports from the several seaboard ports for the weekrndiiiK Aug. 10, 1889, are shown in the annexed statement.
26% 26% 26»827 14 3738 27I8
30 30 i:»'a
Angiut delivery 0.
Be^ember dHlvery 0.
Octoberdellvery 0. 26i«
Hovember delivery 0. 2714MaydeUvery 0. 30
The following are the closing quotations:FLOUR.
Fine .V bbl. 92 00992 6S Southern oom.extras. 93 10»Bnperrine 2 409 2 85 Southern bakera' andBpnuK wheat extraa. 2 709 3 20Minn, clear and arra't. 3 509 5 00WlDterahlpp'Kextraa. 3 :o» 3 65WlnterXXandXXX. 3 859 4 65PatenU 4 609 5 90BonUiem supers .. 2 509 2 85
271426»926°a27%29%
iCxporufrom— Wheat. Com. Flour. Oatt. Bvt. Pea*.
Ifuh. BuMh. Bbl: Buth. ButK Buih.New York 210.001 630,242 69,113 3,397 32.789 2,274Boston... 15,865 23,9i7Portland. ... .... ...... ......
Moiitri al. 70.389 265.417 7,064 12,350Plilladcl
.
122.200 02,000 7,214 . ....
BttUlm're 306.53ti 293,384 30.047N. Orl'na. 77,e84 350,547 484N.Newa.. ...... ...••Kichm'd . 3,000
Tot.week. 786,8121,647,455 140-849 3,397 32,789 14,6248'uie time
1
1888... 619,548 j 573,815 117,676 2,953 32,114
3 65
Wlieat— 0.
Bprlni;, per bush. .
.
80BprinitNo. 2 —Bed winter No. 2.. 87Red winter 70White 80
Com— Weat'n mixed. 44i8
Weat'n mixed No.2. 44 14
Western yellow.
99
44ls9
family brands 4 009 9 25Rye flour, superfine.. 2 759 3 00Pine 2 259 2 50
Com meal-Western, &o 2 609Brandywlne 2 75«—
OBAm.c. iCom
—
0.
Western white 47 9
western |? bu. 52>a9State and Jersey .
.
53 9Oats-Mlxed 27 9White 30 9No. 2 mixed 27''89
No. 2 white 29is»
90
90934414
2 70
5529332831
The visible supply of grain, comprisiog the stocks in granaryat the principal points o( acoumulation at lake and seaboardports, and in transit by water, Aug. 10, 1889:
Com, OaU, Rye, Barleybua/i. bftfk. btuh. bvgh,
176454 594,160 17,632 3,253123,200 22,70035,000 62.00097,888 77.828
In ttore at—Sew YorkDo afloat...
A.lbanyBuffalo 1,208,584Chicago 2.195.519
Wheat,bv$h.831.17816,000
AaRicxxTURAL Department's August Report.—The report
of the Department of Agriculture for August 1 respecting
cereal crops w>ts issued on August 10, as follows :
The Department makea the condition of com 94 '8 ; aprlne wheat,81 •2; spring rye, 95 4; oata, 92-3; barley, 90 6; buckwheat, 95 ".>
;
potatoea, 94-3: hay, 94-5. and tobacco, 84-4.
Corn has made un Improvement during the past month of 412 points,
and Is now less tlian 1 point lower than same date last year. TheAugust return of roudlilon has not stood more than 1 point higherdoling the paft nice years, and the present return has been equaledbut three times during tlmt period. The improvement la quite gener-ally distributed throughout the couiitiy, fullowing the favorablegrowing weather and sufficient ranfall. In a few States,
Mpeotally along the Atlantic coast, condition has beensomewhat re<luce4 from excessive rainfall and local floods andoveiflows, while in many other districts where improvement is notedsimilar causes have prevented full cultivation, and thus loweredwhat might otlierwiso have been n> arly perfect couditlons. In Ohio,MlclUf an and Indiana the results are early iind favorable, meteorologi-oal conditions are 1 eing ovt-rcome, and the crop prospect Is rapidly im-proving. The drouth which In portlorsof the Northwest threatened thecrop has Iv en brok* n by aeasonable rali s, and the presei.t returns showhigh condiiiou in iljat section. The Hgures for the principal corn Statesare: Ohio and Indiana, ^7; Illinois, 90; Iowa, luO; Missouri, 96; Kan-sas. 102; Keliraska, 101; Texas, 99, and Kentucky, 97. The generalaverage for the seven surplus States Is i'5, against 90 last moi th and 96for August. 1888.Spring wheal has sufl'ered a further falling off during the month, the
decllue amounting to ui arly 3 poiots. Coniiltion Is tow neaily 3 pointshigher than lu lt»7 and 1 above that of 1886. With these exceptions.It Is the lowest tince the very small crop of 1881. Minnesota cropsshow some, improveii ent since last report, but in Dakota there Is a fur-
ther decline, tr m the same causes noted li St month. Dakota ia nowthe Urgett sprlug-whei.t State, and tbc very low condition there reduresthe general average. In the rest of the spring-wheat district, conditionIs generaliy g(.od. ptrhaps ahove the average for a recent series otyears. Averages in the principal States are: Wlsci n8in,90; Minnesota,93; Iowa, 94; Nebrasks, 91; Dakota, 57; and Washington, 75. The
aimllty of the ciop Will be better than utual, esiecially lu the extremeorthwest.Rye and i>arley each decline 1 point, the falling oflT being mainly in
Kebraska mid Dakota.The condition of oats, while 2 points lower than reported last month,
Uhighir th«u Au)iU8t of ai.y year tlnce ISbS. In many sections thecrop has MilTerid irom heav> winds and rains about harvest time, andthe next report nmy show damage from this cause not yet appreciated.Potatoes have ma ntained their high corditiou of a month ago, and
DOW stand 1 point higher iban at this date last year.Tobacco has fallen off materially, < n account of excessive rain. The
decline Is esi>ecially marked In the Atlantic States. In Indiana fieldsare lull of weeds, and there has been a lack of sunshine for properdeveluimint. Averages In leading Slates are: Pennsylvania, 99;Maryland. 66; VIrglula, 80; Kentucky, 81; Ohio, 93; Indiana, 55, andWisconsin, 9:f.
The moveirent cf breads' uffs to market is indicated in thestatement below, prepared by us from the figures of the NewTork Produce Exchange. We first give the receipts at West-em lake and river ports, arranged so as to present the com-parative movement for the week ending Aug. 10, 1889, andsince August 1, for each of the last throe years:
Milwaukee.DuluthToledoDetroittOswegoSt. LouisAfloat
ClnolnnatlBoston- TorontoMontrealPhiladelphiaPeoria.Indianapolis ....
Kansas CityBaltimore.
253.965383.725799.135138,66140,000
774.35441,00017.00027,H1597,748
319.608236,17829.14562.46097,204
469,538
2,142,357 1.887,6281,086
533,3h741,4755,097
120.000386.92691,000
'§5,936
10,7491,050
22,67832,917
Bye,biieh.
17,63211,90029,00028,275
354,963100,151
'13,5173,792
149,206 11,001
6,47995,03024,621
52240,0001,577
Minneapolis 2,839,469St. Paul 205,000On Mississippi... 155,992Onlakes 1,252,325On canal & river. 880,000
20.3(3139,509
7,186700
36,07782,993
26.1721,432,7951,352.900
11,000 47,000 21,0006.5,451 810 22.26138,933 172,43743.693 28,492104,519
82,824 28,34973.25314.13748.94730,472116,000
'se^gg's264,929244,500
4,5268,285
29,08664,800
Tot. Aug. 10,'89. 13,370,698lot. Aug. 3. '89. 12.687,967T>t.Aug. 11, '88. 25.227,699Trt. Aug. 13, '87. 32,770,061Tot Aug. 14, '86 38,017,403
6.93S.425 4,003.754 807,5626,988.351 3.719,754 796,3648,539,092 1,773.327 176.9896.P02.771 3.719.831 301,4349,822.403 2,541,164 490,242
444,021362.939145,535131,001317,706
* Toronto - Last week's stocks,
t Oswego—Laet v^eek's stocks.Holiday th<'re to-day.This week's not received.
THE DRY GOODS TRADE.Nbw Yokk, Friday P. M., August 16, 1889.
The past week has developed increased activity in all
branches of the jobbing trado and a liberal distribution
of domestics, prints and department g> ods was made by the
principal jobbers. There is now in the market a large repre-
sentation of retail buyers from the West and South, who are
making liberal provision for the fall trade, but as before
stated there is not the slightest tendency towards speculation.
The improved condition of the distributing trade in the in-
terior was reflected in an increased reorder demand at first
hands and a fair, though not very active, business was re-
ported by commission houses and importers. Spring goods are
beginning to attract the attention of large wholesale buyers
and some pretty good orders for dress fabrics, white goods,
woven wash fabrics, lace curtains, etc., have already beenplaced for future delivery. The Riverside & Oswego Mills
Company have made an assignment for the benefit of their
creditors and the attachments on the mils have been re-
moved; hence the machinery is running again.
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending Aug. 13 were 3,074 pack-
ages, valued at |216,034, their destination being to the points
specitied in the table below.;
-
Btetiptt at- flmr. Wluat. Com.
B1u^.s«l^
OaU. Barltt Bv,
Bl»i.lixui» Bmh.«olb, Bu«A.32Ui> Bujh.4S !(/ Bu.B«l->.Ohtcafio "S.213 1158.700 2,«M5,884 1,720,142 II.IMO 40,005Milwaukee... m.oai 90,ns 11.310 SO.WJC 0,100 fl.lCO
Dalatta 46,«Iii 8,108 4,281
Mtnneapolta. 224.200
Toledo .S.074 644.074 28.009 20.100 l.OCO 8,131Datrolt.. . . 8.aS4 2-4.84r OK) 87.111
Cleveland. .. 8.81!0 57.85(t! lfl.W9 33.280 10,803 25at. Louis «l,»On ;82.e2l MI.U!> 309,140 867 7.700Paoria «U,000
S.07<0tS
IIMUO
2,1182,300
4Mi,000 4.200 0,060
Tot.wk.-89. 8.7fB.791 80.900 73,001Bun* « k.'Sti. 837.e06 8.507.7M l.(ie6,G12 1.109.073 10,841 70,274Buna Kk.-S?. Slb.S'iO i.AIVjm 1.180.47(1 2,298.305 128,167 51,575mmce AuQ.\.1888-8 408.80B 8.04.-i.886 3.15fl.S0.1 4,S81.,BO 01.014 •.15,08l.>
18W4MM.7
41«,-3«
47y.«i;
t>.f' I 180
ft.l*8,l88
S.sai.IHi
2.4BO M!}
2.:8.i534 20.004
170.2S4
i8e,ion
iiii.t*?
New York to Aug. 13.
Great BritainOther European.,ChinaIndiaArabia -.
AfricaWest IndiesMexicoCentral America.,South America
—
Other countries..,
Total• China, via Vancouver.,
Total.
1889.
Weel!.
9925
560
1653
31691337
1,434'44
3,0741,462
4,.=.36
Since Jan. 1.
6,5721,261
31,7112,7953,8893,6559,5782,4203,810
24,5521,785
92,02833,926
125,954
1888.
Week.
721820
400
258i27200
1,25695
2,546
2,546
Since Jan. 1.
2,6031,724
34^5445,8938,9952,6179,1243,4163,130
22,0401,538
95,62422,829
118,453
' From New England mill polute direct.
The value of the New York exports since January 1 have
been $5,474,434 in 1889, against $5,77.5,233 in 1888.
The commission houses have experienced a somewhat freer
re-order demand for plain and colored cottons, and a very
fair dittribution of all seasonable (descriptions was made (in
package and assorted lots) by jobl>-rs. Prices arc without
quotable change and for the niost 1 art steady, though certain
ACOUST 17, 1889.] THE CHRONICLE. 216
Southern goods, as three-yard aheetings, plaids, &c., are in
buyers' favor. Fine yarn brown sheetings are steadily held,
and low to medium bleach< d goods are firm and in light sup-
ply. Colortd c(ttons were mostly quiet in first hands, butthere was a steady movement in wide sheetings, cotton flan-
nels and corset jeans. Print cloths were in moderate demandand easier, on the basis of 35^(3 3JgC. for 64x0*8 and 31,4®
3 5-16c. for 58x60s.1880. 1888. 1887. 188B.
Stock of FriiilOloiht— Anq.\0. Auil- H- ^1"(/. 13. Aug.\A.Held by Provlilcnce iiianufrers. l,'58,0OO 10,000 100,000 82,0€0
Fall River iiiaimtHCturors 7,000 None. 133,000 2M,ooOProvlrteiioe speciilutors None. None. 72,000 93,000Outslile speculatora (eat) None. 5,000 85,000 25,000
Total stock (pieces) 105,000 15.000 450.000 Si28.000
Prints and ginghams were moderately active in jobbing
circles, and a fair re-order demand for these goods wasreported by the commission houses. Prices remain steadyand stocks are well in hand.
Domestic Woolkn Goods.—Although a fair business in
eome descriptions of men's-wear woolens was transacted bythe commission houses, the general demand was somewhatless active than of late, many out-of-town clothiers havingcompleted their early purchases of light-weight goods andreturned home. Spring worsted and woolen suitings were in
moderate request, and there was a steady call for small par-
cels of heavy worsteds, cassimeres and overcoatings. Prices
of clothing woolens are low and by no means remunerativeto the mills, but quotations are generally steady andunchanged. Cloakings continued fairly active but selections
averaged light. Satinets were in moderate request and con-siderable deliveries of leading makes were made by agents onaccount of back orders, but Kentucky jeans and doeskins
ruled quiet in first hands. Soft wool and worsted dress goodswere fairly active in movement and demand, and prices are
firm all along the line. For flannels, blankets, shawls andskirts there was a light re assorting demand by wholesalebuyers, and a very fair distribution of these goods was madeby jobbers. Prices of the above goods are steady and un-changed. Carpets were in pretty good demand by jobbers andretailers and quotations are unaltered.
FoRMON Dry Goods.—Imported goods were more active in
the hands of jobbers, but business in importing circles washardly up to expectations. Considerable deliveries on accountof former transactions were, however, made by importers of
British and Continental dress fabrics, men's-wear woolens,velvets, hosiery, &c. Prices of foreign goods are mostlyfirm, and some descriptions stifHy held at advanced figures.
Itnporlatloiis of Dry Coods.The importations of dry goods at this port for the week
ending Aug. 15, 1889, and since Jan. 1, and the same facta
for the corresponding periods of last year are a« follows:
5 2:
^ i:
Si : : g
coot
COO
M M 05 CO <0«c at »-oxi -.0 *» c -.o
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w .—, to v> -•»**.wfcoiowb;*'Ci at. tc O *•
CCCC MCOOU
CO:
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p<ICfltOOS*"
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<&»tiadian and 'ir0reigtt fpanlis auA l^atxluevs.
CANADIAN.
Bank of Montreal.[ESTABLISHED 1818.]
'CAPITAL Paid I
SURPLUS •
$12,000,000 GoldS0,000,000 Gold
Hon. Sir DONALD A. SMITH, President.
W. J. BUCHANAN. General Manager.
Nob,
NEW YORK OFFICE:
50 and 61 UrALL STREET.WAITER Watson.AXEX'B LANG, I
Agents.
Buy and scll'Sterling and Continental Exchangend Cable Transfers ; grantCommercial and Travel
ers' Credits available In any part of the WorldiBSne drafts on, and make collections in. Chicagoand throughout the Dominion of Canada.
London Offlcei No. 22 Abcburch I.ane.
Imperial Bank of Canada.CAPITAL (paid up) - 81,.500,000SURPLUS 6.'SO,00eH. B. HOWLAND, Pres't. T. B. MERRITT, V.-P.
D. R. WILKIE, Cashier.
HEAD OFFICE. TORONTO.BaANCHis IN Ontario.—Essex Centre. Fergas,
Gait, Ingersoll, Niagara Falls. Port t^niborne, St.Catharines. St. Thomas. Toronto (Yonge St.),gault Ste Marie. Welland, Woodstooli.Branches in Northwest—Winnipeg, Brandon,
Calgary, Portage la Prairie.Agents in London : I Agents in New York,
Lloyd's Bank, limited. 1 Bank oy Montreal.Collections promptly made In any pan of Canada.Drawer* of Sterllnic Excbanse.
Hong Kong & ShanghaiBANKINO CORPORATION.
Pald-np Capital t7,500,000Reserve Fund 4.300.000ReeerveLiablllty of Proprietors 7,500,000
The Corporation grant Drafts, issue Letter/%fCredit for use of travelers and negotiate or colleotBills pavable at Bombay, Calcutta, Singapore,Saigon, Manila, Bong Kong, Koochow, Amoy,Nlngpo, Bhanshal, Uankov, Tokohama, UiogoBaa Franotaco and London.
A. M. TOWNSKNO, Aeent, 60 AVaU St.
FOREICN.
THE
Railway Share Trust and
Agency Co. .
(LIMITED),
No. 4 BANK BUILDINGS,
LONDON, ENGLAND.
Capital Paid Vp, £971,360 Sterling.
This Company undertakes the business of Trustee
to Loans of approved Railways, negotiates and
Issues Loans on the London Market, acts as Agent
for Railways and other Corporations, either in the
matter of payments of Interest on Loans, Dividends
on or Registration of Stocks in London,or otherwise.
Cable Address-PAVT, LONDON.
Blake, Boissevain & Co.,L,OIVDOX, EKGLAND.
Negotiate Railway, State and City loans.
Execute orders for bonds. Shares, etc., on Com-mission, and transact a general Banking andCommission Business.
Special attention given to the execution oforders for Securities on the New York, Lon-don and Amsterdam Exohanges, in corres-spondence with
BL.AKE BROTHERS A CO.,5 Naaeau Street, Neir York,
28 State Street, Bonton, mass.,
AND
ADOL.PH BOISSEVAIN Ac CO.,
AmAerdam, Holland.
FOREIGN.
Heinemann & Co.,
62 Greshaiu Honse, E. C.^
LONDON.
Solicit accounts »nd afrencles of Bank8, Railways,
Corporations, Firms and Indlvtdualu nponfavorable terms; also orders for the pur-
chase and sale of Bonds, Shares, Ac, &c.,
on the Stock Exchange.Interest allowed on Deposits, subject to 60-day8
Bight drafts, at Bank of England rate, andone per cent below that rate subject to
demand drafts.
Keirotlate Railway. State and Olty Tjoans.
The Bank of Australasia.(Incorporated by Royal Charter. 1835.)
No. 4 Tlireadneedle Street, London.Paid-op Capital, Jtl.WXi.OnOj Hcserve Fund, i'800,-
000: Reserve Liability of Proprietors under theCharter, JBl.600.000.Letters of Credit and Drafts Issued on any of the
numerous branches of the Bank throughout Aus-tralia and New Zealand. Bills negotiated or sentfor collection. Telegraphic tniii!*tcrs niude.Deposits received in LondoTi jtt interest for Hxed
periods, on terms which may bo ascertained on ap-plication. PKIDEAUX SELBY, Secretary.
AGENCY OF THE
BankOF
British North America,No. 52 IVALI. STnXlET.
Buy and sell Sterling Kxchange and Cable Trans-fers. Issue demand drafts on Scotland and Ireland;also on Canada. British Columbia and San Fran-cisco. _Cmri'I/AR NOTKS issued in Pounds Ster-
ling, av.illiible in nil parts of the world. COM-IWEKfllAL. fREI»IT!< ISSTED for use InKurope, China. Japan. Kast and West Indies andthe Brazils. River Plate, 4c.Bills collected and other banking business trans-
acted.D. A. MCTAVISH. I . „„,.H. 8TIKEMAN, {A**™
J^
216 THE CHRONICLE. [Vol. tux.
Union Trust CompanyOF NEW YORK.
78 Broadway, cor. Rector St.,N.Y.
'APITAt, ... »1,«00,000• IIKPLI'S; ... 8,241,000Anthoriied to »ot u Kxeontor, AdmlnlBtrator
SBardlan, K«c«lrer, or Trustee, and Is
A LBOAL UEI'OSITOKT FOK MONET.' Aoespu the transfer agency and reirlstry of stocks,
and acta as Trastee of mnrtiratres of corporations.Allows Interest on deposits, which may be made
%t any time, and withdrawn on five days* notice,wtth liit«rest fur the whole time they remain withh« oompany.
;
Cor the eonyenience of depositors this oompanyftlao opens current accounts subject, In accordancewtth Its rules, to check at sivht, and allows Interest
Bpon the resnitinu daily balances. Buch checks passbroQith the Clearlnir IIourc.
TUD8TEE8:Wm. Whltewrliiht, James M. McLean,Henry A. Kent, Ambrose C. KiuKsland,B. T.Wilson, James H.OtfilTle,Wm. F. Russell. James T. Woodward,CD. Wood, I. n.Frothlngham,James N. Piatt, Geor«re A. Jarvif.D. C. Hays C. Vanderbllt,Wm. Alex. Duer, A. A. TjOw,Charles B. Leland. O. O. Williams,Bdward Kliur, R. Q- Remsen,B. B. Wesley, ' Kdward Schell,D. H. McAlpIn, Amasa J . Parker.reeorce B. Carhart, Samuel F. Barger.Ohauncey M. Depew, Geo. i^. Magoun.H.VaQ Rennsel'r Kennedy,W. Emien Rooseyelt,
KXKCUTIVB COMMITTBB:Wm. Whitewrigbt, O. a. Williams,James Mcljesn, B. B. Wesley,0*0. 0. Masoim, C. I). Wood.D. C. Hays. A. C. Kiiigsland.
BDWARD KINO. President.JAMES M. MrT.KAN, First Vlce-Pres't.JAMES H.OOII.VIB, Second Vlce-Pres'tf
A 0. BONALDSON, Secretary.A. W. KELLRY. AsslsUnt Secretary.
United States Trust Co.OF NEW YORK,
45 and 47 Wall Street.CAPITAL AND HUBPl.tlS, - KM.UUO.OOOThis company is a lefrat depository for moneys
paid Into court, and Is authorised to act as Ruardlanor trustee.
INTEREST ALLOWED ON DEPOSITS,Which may be made at any time and withdrawnafterSye days' notice, and will t}e entitled to inter-est for the whole time they may remain with theOOTipany.
Bzccutors.admlnlstrators, or trustees of estates,and '^vo.^iRN' unaccustomed to the transaction oibnsl^.ess. tis well as rellKlous and benevolent institn-tlnns, will find this company a oonyenient deposit-ory for money.
JOHN A. 8TBWART, President,GEORGE BLISS, Vice-President.JAMES R. CLARE, Second Vlce-Pres't.
TRUSTEES
:
Wilson O. Hnnt,iKra8tufl r'>rnlnir,,nhas. 8. Smith,Clinton Gilbert, Jnhnll.RhoHdes. Wm.RockefelIer,Daniel D. I»rd, Anson P. Stokes. Alex. K. Orr,Pamnel Sionn, Uobt.B.MiT-turn. Wm.H.Macv.Jr.,James Low, Hen. 11. Warren. Charles E. Bill,Wm.W. Phelps, Qeorne Bliss,
|
Wni. D. slnitne,11. Willis James. Wm. Libbey. G. H Schwab.John J. Astor. John (\ Brown, Frank Lyraun,-Tohn A. Stewart. Kdward Cooper, iGeo. F. Vietor.H.K. Lawrence, W.B'y'riiCnttlnt
HKNRT L. TT10RNELL, Secretary.LOUIS G. HAMPTON. AsslsUnt SeoretaiT.
Holland Trust Company,No. r Wall Htreet, New York.
Capital, S30U.OOO. I Nnrplna, $3G0,'213.rOUKESPONT>I<NTS;
Twentsche Bank. Amsterdam, Holland,B. W. Biydenstein & Co., London, F-nsland.
Allows Interest on depogits: and interest on bal-ances of active accounts of merchants and others.Transacts a general bankine business.Lends money on promissory note, with New York
or Brooklyn apuraiaed real estate tirst mortpape,with title Kuarantee pfilicy, as collateral security.Foreign bills of Kxclinnjse boiisrht and sold.Securities boujflit and sold and orders for same
executed on coinniisslon tliroutih Its eorrespond-entJ* In London and Amsterdam and on all Conti-nental Bourses of Europe.Acts as l-'xecutor. Trustee and Gofu-dlan, under
wills, for the llxed statutory charges: also aa Uetiis-trar. Trustee, Transfer and Financial Ajtent forStates. Cities. Hallrrtads. Towns, and other corpora-tions, and for Real Kstate Mort(ia(res with CouponBouds In New York, Brooklvn. and elsewhere.Collects RnnTs.Cniip.ins and Dividends.
Ni',: . City. R'y and Corpnrationioans.Tl: • irrett A. Van Allen. Jolin D. Ver-
meil Van Norden. .lobn Van Voorbls.lloiji. : .
', Tst. W.W.Van Voiirhis. James B.Van \\ i.urt. Gun. W. Van Sielen. O. Va» Nostrand,James Roosevelt, .lobn R. Plantcn, Auiiustus VanWyck. Henry "V nonkstnver. J. W. VaoderhorstKuyt. RoIm "I.nry VV.O. Kdye. Geo.M. Vanir liK.w. VVllllHiu l>owd,OeorKe F. ; itt>niseii, Peter Wyck-oa, W. D. \ '. ll..ikl.
RoUKlir 11. J r. President.JOHN U. VKi 'O-Presldent.GEO. W. VAN i I reUry.
Metropolitan Trust Co.,xr Wall Ntreet, New York.
Pnld-Up CnpttRl Sl.OOO.OOHt<nrpl-ii. 0:tO,OUO
lie 'isitory by order of8upt> posits of money onIntel :.T apeitt, or trusteefort ind execute any lenaitrui.1 tions, on as favorabletern lies.
' :'.!; .-]:, President.
I itElJKJtli; I). lAPi'EN, Vice-President.CHARLES M. JKsUP, Secretarr.
^rttst C!D0mt)rattijes.
Manhattan Trust Co.,No. 10 WALL ST., NEW YORK.
CAPITAL, Sl.OUCOOODinEOTORa:
Francis Ormond French, New York.B.J. Cross, N.Y. H.W. Cannon, N.T.U. L. HlBKlnson, Boston. John R. Ford, N. T.August Belmont, Jr., N.Y.T. J. Coolldare, Jr., Bos.K. 1). Randolph, N. Y. James O. Sheldon, N.Y.C. C. Baldwin, N. Y. A. 8. Rosenbanm. N. Y.Chas. V. Tag, N. Y. Bam'l R. Shipley. Phlla.
B, T. Wilson, N. Y. John 1. Waterbury, N. Y.Beury Field, Chicago.
F. O. French, President. J. I. Waterbnry. V. PresC. W. Hasklns, Secretjiry. A. T. French, Treasurer
ALLOWS INTEREST ON DEPOSITS. EXE-
CUTES TRUSTS OF EVERY DESCRIPTION
REGISTBAB AND TRANSFER AGENT
The Brooklyn Trust Co.
,
Cor. of MONTAGtTK & CLINTON 8T8., BK'KLTN, N.Y.
CAPITAL, (all m U.S. Bonds) - SI,000,000HCKPLCS exceeding ... 1,000,000
INTKBBST ALLOWED ON DEPOSITS.This Company Is authorised by special charter to
act as Receiver, Trustee, Guardian, Executor orAdministrator.It can act as agent In the sale or management of
real estate, collect interest or dividends, receiveregistry and transfer books, or make purchase andsale of Government and other securities.Religious and charitable institutions, and persons
unaccustomed to the transaction of business, will
find this Company a safeand convenient depositoryfor money.
RIPLEY ROPES, President.EDMU.ND W. CORLIES. Vioe-Pres.J AS. ROSS CURRAN. Seeretary.FREDERICK C. COLTON, Asst. See.
TRUSTEES.Joslah O. Low, John T. Martin, iWm. H. Male,Alex. M.White, Fred. Cromwell, Ripley Kones.VA. A. Low, John P. Rolfe, Abram B. BayllsMtch'IChauncey, B. W. Oorlies. 11. W. Maxwell,Wm.B. Kendall. H'v K.Sheldon,
I
J. J. Plerrepont.E. F. Knowlton O. D. Wood i
Jiymst ^atapnuits.
The Finance Companyof Pennsylvania.
133 and 137 ^ontli 4th St., Philadelphia.Charter Perpetual.
CAPITAIi . $5,000,000
Conducts a general Banking Business. Accepts
the transfer agency and registry of stocks. Acts as
Fiscal Agent for payment of Interest, coupons, &c.,
and as Trustee of Mortgages of Corporations.
Allows Interest on daily balances of accounts of
Banks, Bankers and others. Buys and sells foreign
exchange, drawing on BARING BROTHERS 4 CO.,
London; HEINE & CIB, Paris; HOPE & CO..
Amsterdam, etc.
Negotiation of railroad loans a specialty.
WHARTON BARKER, President.CHARLEMAGNE TOWER, JR., Vice-President.SIMON A. STERN, Treasurer.RUSSELL STURUls HUBBARD, Secretary,
Illinois Trust & Savings
Bank,CHICAGO, IL.L.
CAPITAL AND SUttpLuS, - «1,?00,000
INTEREST ALLOWED ON DEPOSITS.
This Bank is directly under the jurisdiction andsupervision of the State of Illinois, is a LEGALUEPOSITOBV for Court Moneys, and is authorizedto act as TRUSTEE, EXECUTOR, RECEI VKR andASSIGNEE for ESTATES, INDIVIDUALS andCORPORATIONS.
OFFICERS:John J. Mitchell, President.
John B. Drake, Vice-President.Wm. H. Mitchell, Second Vice-President.
James S. Gibbs, Cashier.
DIRECTORS:George Sturges. Wm. H. Mitchell,C. J. Blair, John B. Dralie,Wm. U. Reid, John J. Mitchell,L. Z. Letter, John MoCaffery,
John Crerar.
SECURE BANK VAULTS.
New York Security and
Trust Company,46 AVAH STREET.
CAPIT4Li .... 91,000,000 00INVESTED IN UNITED STATES BONDS.
SUBPLl)»< .... 8300,000 00CHARLES S. FAIRCHILD, Pres't.
—WM. H. APPLETON, let Vlce-Pres't.
WM. L. STRONG, 2d Vice-Prest.
This Company is a leeal depository for Court andTrust funds. Allows Interest on deposits. Acts asExecutor. Trustee. Administrator, Guardian, andReceiver. Takes entire charge of Real and Per-sonal Estates. Acts as Register and TransferAgent of all Stocks and Bonds.
TRUSTEES.Chas. S. Falrchlld, Loomls L. White,Wm. H. Appleton, Jas. J.Hill, St. Panl.Mlnn.\Vnl. Ti. Str(mg, Hudson Hoagland,Wm. F. Buckley, Roswell P. l-'Iower.
Wm. A. Booth. .lames Stiliman,Wm. H. Tiilinghast, A. Backer,Wm. It. Beers, John King,Wm. L. Scott. Erie, Pa. B.N.Gibbs.NorwIcli.Connc. C. BaldnUn. S. T. Hauser.IIelena.MonS uartG. Nelson, M.H.Folt'or.Klngst'n.OntM. C. D. Borden, Daniel S. Lamont,
Aug. KountzeJOHN L. LAMSON, Secretary.
The Nassau Trust Co.OF THE CITY OF BROOKLYN.
Organized under the laws of the State of New York101 Broadway, Brooklyn, N. Y.
CAPITAI. $500,000.Deposits received on time or subject to check.Interest allowed on daily balances, and special
rates on deposits for a specitled time.Authorized by law to act as Executor, Adminis-
trator, Guardian, Trustee, Receiver, Fiscal andTransfer Apent and as Registrar of Stocks andBonds; is a legal depository for Trust Funds, andtor moneys paid into court.Accounts of Religious and Benevolent Institu
tif>us, Societies and individuals solicited.Checks on this Company are paid througb the
New York Clearing House.Telephoof, 990 Willlnmsbnrg.
A. D. WHBKLOCK, President.WILLIAM DICK, I ,,,.. p......JOHN TRUSLOW, f * Ice-tTes ts.
O. F. RICHARDSON, Secretary.TBI STEBS:
Wm. Dick, T.A. Havemeyer, C. D. WoodA. D. Baird, F. W. Wurgter, Wm. H. Male,Darwin R.James, Bernard Peters. Low. M. Palmer,H. H. Rogers, Wm. E. Horwlll, Joseph F.Knapp,K. B. Tuttle, Geo. H. Prentiss, Joel V. Freeman,John Truslow, Jno. T. Wllletts, Wm. F.Garrlson,Thos.F.Rowland.Chas. H Russell, A. D. Wbeelock,Ditmas Jewell. John Loughran. Edwd. T. Hulst.
THEFIDELilTY & CASUALTY CO.
OF NEW YORK,Nos. ai4 ds ai« Broadway.
CAPITAL, »250,000. ASSETS. »T7*,560 21Issues SURETY BONDS, guaranteeing the fidel-
ity of persons in positions of trust, such as em-ployes of Railroads, Banks, etc.; also Adminis-trators, Guardians, etc.Issues ACCIDENT POLICIES, containing all
modern features. „ ,, .Also PLATE GLASS and BOILER POLICIES of
approved forms. . _, ,.
Agents will appreciate the advantage of dealingwith a company which does more than one line ofbusiness
OFFICERSWM.M.RiCHARDS.Prest. GEO.P.SBWABD.V-Preot
KOBT. J. HILLAS. See.DIRECTORS;
Geo. B. Coe, A B. Hall. J. 6. McCuUough,J.S.T.Stranahan H.A.Hurlbut, T. S. Moore,A. E. Orr, J.D.Verrallye, J.RogersMaxwellG. (J. Williams, John L. Rlker, Geo.F.Seward.Wm. H. Male, Wm M.Richards
NOW READY.
HA.1VI3-BOOK:OF
Railroad Securities.
JVL,Y. 1889.
DESCRIPTION,INCOME,
PRICES,
DIVIDENDS.
WELDED CHROME STEEL ANDIRONin Round and Flat Bars, and 5oly Plates and Angle "To SabSCriberS Ol tlie ClirOnlcIe,
»i"OR SAFES, VAULTS, 4C.Cannot be Sawed. Cut or Drilled, and poslUveii
Burglar-Proof.
CHROnE 8TEEL. WORKS,OIBOULABS FBxa. BROOKLVN, N. V.
Price Ib Red Leather Covers, $1 (>0
75
lVII.I.IAm B. UANA & CO.,
102 William Street, IVeiv Wlc,
f>
