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H U N T ’ S

M E R C H A N T S ’

^

M A G A Z I N E ,

U w jr p u ,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES*
iSnterefi a cc ord in g t o A o t o f C on gress, In t h e y e a r 1 8 9 3 , h y W m . B . C

V O L , 56.

S A T U R D A Y ,

A P R IL

1, 1 8 9 3 .

N ew Y o r k ..............

F o r O n e Y e a r ..............................................................................................$ 1 0 0 0
F o r S i x M o n t h s ..........................................................................................
6 00
E u r o p e a n S u b s c r ip t io n ( in c l u d i n g p o s t a g e ) ........................... 1 2 0 0
E u r o p e a n S u b s c r i p t io n S i x M o n t h s ( in c l u d i n g p o s t a g e ) .
7 00
A n n u a l S u b s c r i p t io n i n L o n d o n ( in c l u d i n g p o s t a g e ) ___ £ 2 1 0 s .
S ix M o s.
do.
do.
do.
. . . £ 1 1 0 s.
T h e I n v e s t o r s ’ S u p p l e m e n t o f 1 6 0 p a g e s i s is s u e d e v e r y o t h e r
m on th , o n t h e la s t S a t u r d a y s o f J a n u a r y , M a r c h , M a y , J u l y , S e p t e m b e r
an d N o v e m b e r , a n d f u r n is h e d w i t h o u t e x t r a c h a r g e t o a l l s u b s c r ib e r s
o f t h e Ch r o n i c l e f o r s i x m o n t h s o r l o n g e r .
T h e State and Cit y S upplement o f 184 pages is also given to every
y e a r l y subscriber o f the Ch ronicle .
S u b s c r i p t io n s w i l l b e c o n t in u e d u n t i l d e f in it e l y o r d e r e d s t o p p e d .
T h e p u b lis h e r s c a n n o t b e r e s p o n s i b le f o r r e m i t t a n c e s u n le s s m a d e b y
d r a f t s o r b y P o s t O ffic e o r E x p r e s s m o n e y o r d e r s .
F i l e c o v e r s a r e s o ld a t 5 0 c e n t s e a c h , a n d t o n e w s u b s c r ib e r s f o r a

ear one file eovei i3 supplied without c h a rg e ; postage on the same is
8 cents.

Termg o f Advertising—(P e r inch space).

(1 3 t i m e s ) . .$ 2 5 0 0
O n e t i m e ......................................... $ 3 3 0 T h r e e M o n t h s
S ix M o n t h s
(2 6
“
) .. 43 00
O n e M on th
(4 t i m e s ) . . 1 1 0 0
T w e lv e M o n th s (5 2
“
) .. 58 00
T w o M on th s
(8
“
) .. 18 00
(T h e a b o v e t e r m s f o r o n e m o n t h a n d u p w a r d a r e f o r s t a n d i n g c a r d s .)

London Agents:
M e s s r s . E d w a r d s <fc S m i t h , 1 D r a p e r s ’ G a r d e n s , E . C ., w i l l t a k e s u b ­
s c r i p t i o n s a n d a d v e r t i s e m e n t s , a n d s u p p l y s i n g le c o p i e s o f t h e p a p e r
a t I s . each .
wrfTTAM "R d w a ( A V I L L I A M . B » D A N A & C o .) P n b l i s l i c r s ,
lija

W illia m

S tre e t,

N S W

Y O R K .

POST OFFICE B O X 958 .

CLEARING HOUSE RETURNS.
The following table, made up by telegraph, etc., Indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, April 1, have
been $1,102,168,891, against $1,093,217,2-13 last week and
$1 ,158,688,973 the week of last year. The occurrence of Good
Friday in the week this year is responsible for the decline.
W eek Ending A p ril 1.

CLKAB1N08

R elurnz b y Telegraph.

Raw York...........................
Boston____ ______________

1893.

189 2

P er Cent.

$ 5 1 7,11 9,7 26
74,136,899
4 1 ,515,950
8,818,746
75,648,536
18,735,480
6,846,450

$ 5 5 2,17 2,9 31
68,a27,395
5 3 ,745,970
10,974,977
71 ,7 9 2 ,0 0 0
16,943,367
7 ,272,858

- 22-8
-1 9 6
+ 5 '4
+106
-5 -9

O th e r c it ie s , 5 (la v s..................

$ 7 4 2,82 1,7 87
139 ,274 ,69 3

$78 1,8 2 9 ,4 9 8
131 ,019 ,42 3

-5 -0
463

Total all cities, S days__
All cities, 1 day....................

$ 8 8 2,09 6,4 80
220 ,102 ,41 1

$91 2,84 8,9 21
2 4 5 ,840 ,05 2

-3 4
-1 0 5

Total all cities for week..

$1,102,198,891

$ 1 ,1 5 8 ,6 8 8 ,9 7 8

-4 -9

P U ila fle lp M a ............................. .

Baltimore............................ .
Chicago................................
85. L o u ie .......................................

Row Orleans.......................
Seyen cities, 5 days........

N O . 1 4 4 9 .’
Week Bndino March 25.

Terms o f Subscription—Payable in Advance:

W IL L IA M B . DAN A . >
iO H N G . F L O Y D .
(

A C o ., in th e office o l th e L ib r a ria n o l C o n g re ss, W a s h in g to n , D . 0 ,

Chronicle.

% h t

?

ana

- 6 '3
+7*6

i»9 3.
f
638,88 2,361

Sales o f—
(S tocks................ shares.)
(1,489,230;
(C otton ..................bales.)
(881,400;
(G ra in ...............bushels.) (22,789,025;

(1.781,515)
(645.9001
(51,306,402,

(1,894.131)
(1,208.000)
(27,095,902)

(+ 1 8 31
(+29-9)
( —31-3)

+5-6

95.287,247
0,4 0 9,70(
2,149,811
1,464.210
1,308.434
1.3H ,0&
1,201.01:
649.595
385.95!
738,630
110,230,000

+6*7
+28'6
+18*4
+ 20-8

89,106,144
5,310.500
2,260 38£
1,285,407
1,219,017
1,274,707
1,100,535
563,512
358,907
812,898
102,551,177

84,503,169
4,709,000
1,738.974
1,179,146
1,191,672
1,225.231
987,234
607,991
414,OH

+28*]
+9 (
+27
+4 (
+ 12‘1
-7 7
-1 3 7

96,077,037

+ 6-1

P h i l a d e l p h i a . .. .
P it t s b u r g .............
B a lt i m o r e ............
B u f fa lo ...................
W a s h in g to n —
R o c h e s t e r ............
S y r a c u s e ...............
W i lm in g t o n ........
B in g h a m t o n ........
T o t a l M i d d le ..

62.957,909
13,965,583
13,013,870
7,022,734
2,196,169
1,303,794
1,036,076
914 424
249.500
103,350,058

73.453,012
14,080,211
12,432,776
7,718,362
1,651,894
1,253,505
825,099
834,530
241,500
112,493,89 J

—147?

+47
—1*2
+327
+8 5
+2 5 '6
+96
+33
+81

89,800,327
13,251,900
8,71)0, l?C
0,565,617
5,036,384
8,279,100
1,530,500
830,572
874,665
819,643
325,028
217.892
267,003

85,570,883
12.190.S00
6.407,379
5,099,499
4,030,679
2,975,500
2,0(14,700
1,839,793
90 ',560
409,342
247,168
187,G99

C h i c a g o ...........................
C in c in n a t i......................
M ilw a u k e e ...................
D e t r o i t ............................
C l e v e l a n d ......................
C o l u m b u s .....................
P e o r i a ..............................
I n d i a n a p o l i s ...............
G ra n d R a p i d s ..............
L e x i n g t o n .....................
S a g in a w ..........................
A k r o n .............................
B a y C it y * .......................
S p r in g fie ld , O .* ...........
T o t a l M i d d le W e s t e r n .

1893
I P. Cent
$
790,750,451
+10-5

(-1 6 5
(+38 9
(-55 *6

B o s t o n .............................
P r o v id e n c e ...................
H a r t f o r d ........................
N e w H a v e n ..................
S p r in g fie ld ....................
W o r c e s t e r .....................
P o r t la n d ............. - ••
L o w e l l .............................
N ew B e d f o r d ................
F a ll R i v e r * ....................
T o t a l N e w E n g l a n d ...

+10 (

—12

-0 8

+12 2
—12-0
—2 7
+7 8

07,923,147
12,835.133
14.283.074
7,801,045
2,375,185
1.370.57C
1,041,521
1,029.080
252.300
108,918,207

—6 0
—4*5
—5*0
+5*4
+24-0
—3*7
+1*4
+ 1 4 '6
+ 1-8
-4 2

+49
48 7
+607
+15*2
+ 20-2
+ 10-2
-23*5
—64-0
—3 5
-1 4 6
+S1-5
+10-3

100,901.211
14,000,000
8,731.740
7,795,786
6,311,831
3.595.000
1,736.200
975.040
9 8,437
413,227
405,905
267,918
2 jO,6S9

+6 7
+5*9
+43 5
+224
+ 16 1
+11*3

-0 8

—00

-4 0 -8
+13 0
+9*4
+32*9
+ 0-4

131,394,793

122,148,990

+7 6

140,111.501

+8*9

San F r a n c i s c o . ..
P o r t la n d ...............
S a lt L a k e C i t y .,
S e a t t l e .................
T a c o m a ................
L os A n g e l e s ....
G r e a t F a l l s .........
S io u x F a l ls ........
S p o k a n e * ............
H e l e n a * .............
A l b u q u e r q u e * ..
T o t a l P a c ific ..

12,793,940
1,638,490
1,400,000
930,409
9u0,00o
850,558
199,191
195,000
881,195
930,169
63,2-55
18,907,688

11,727,925
1.007,117
1,681,919
913,645
941,104
739,564
230,000
150,000

+91
—1-7
-1 1 5
+18
—4 4
+15-0
-1 3 4
+300

14,714,149
1,769,810
1,350.000
1.355.810
852.822
9i0,145
219,298
226.506
814.740
976,933

-5 * 7
—1*0
-1 8 -0
+ 47 6
+ 0*6
+34*4
—5 9
+49*4

17,951,264

+ 5-3

21,400,130

—2*0

K a n s a s C i t y .......................
M in n e a p o lis .......................
O m a h a .................................
St. P a u l .................................
D e n v e r ..................................
D u lu t h ..................................
S t. J o s e p h ...........................
S io u x C i t y ........................... .
D e s M o i n e s .........................
L in c o ln ...................................
W i c h i t a ................................
T o p e k a ..................................
F r e m o n t ................................
E m p o r ia , K a n .- .................
T o ta l O th er W e ste rn .

14.885.035
5,552,193
6,045,140
4,420.528
4,959,575
2,430,754
1,637.510
1,134,489
1,110,026
519,783
516,753
404,831
88,453

8.452,205
6,015,828
5,147,002
4,204,349
4.787,159
1,730,610
1,005,048
1.076,041
805,293
584.670
538,492
353,023
84,625]

+22 3
-8 2

10,104.931
5,911.274
6.459.908
4.868,735
5,175.590
2,400,088
1,900,260
1,072.190
1,129,078
555.024
514,718
394.708
79,283

+24*9
-1 0 9
+361
+31
+ 9 '2
+41-5
+9*1
+ 8*6
+340
-2 9

39,155,080

35,424,165

+105

40,571.859

+ 12*1

S t. L o u i s ......................
N ew O r l e a n s ...............
L o u is v i ll e .....................
G a l v e s t o n .....................
H o u s t o n .........................
M e m p h is ......................
R i c h m o n d .....................
N a s h v ille .......................
S a v a n n a h .....................
\ t la n t a .......................
C h a r l e s t o n ...........—
D a lla s ..............................
N o r f o l k ...........................
W a c o ................................
F o r t W o r t h .................
B ir m in g h a m .............. .
C h a t t a n o o g a ..............
J a c k s o n v i l l e * ............
C o lu m b u s , G a .* .........
T o t a l S o u th e r n ..

22,448.921
10,209,472
6.994,100
2,831.700
2,709.377
1,989,800
2.153.889
1,861.442
1,4 03 539
1,200,025
1,065,859
1,035,190
880.548
620,982
600,000
528,159
412,509
522,428
173.293
68,975,575

20.248.492
9,042.922
0,243,8 )9
1,836,224
1,31)4,212
3,53/.835
2.047,600
1,683,829
1,331.857
1,049,^82
1,000,000
987,015
957,810
30 ',103
500,901
589,043
408,450

+10 9
+ 5 '9

24.568,986
11,553.537
7,538.187
3.122.938,
2 778.982
2,314.105'
2.612,906
1,882,154
1,891,517
1.3i2.171
I.i77,-81
1,101,111
929.020

+12 0

The full details of clearings for the week covered by the
above statement, will be given next Saturday. W e cannot, of
course, furnish them to-day, bank clearing being made up by
the various clearing houses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to be
in all cases estimated, as we go to press Friday night.
Our usual detailed figures for the previous week, covering
the returns for the period ending with Saturday noon, March
25, are given below, as well as the comparative totals in 1892.
The aggregate for the week is one hundred and eighty-nine
millions of dollars less than that for the preceding week, New
York showing a loss of nearly one hundred and fifty-two
millions, and the total for all other cities a decline of thirty1,093,217,243
eight millions. Contrasted with the corresponding period of
T o t a l a l l ...................
1892 there is an increase of 0 8 per cent in the whole country O u t s i d e N e w Y o r k .
~464.334.876
and a gain of 3 6 per cent outside of New York, the decrease M o n t r e a l ..............
12.772.836
at this city being IT per cent. Stock speculation has been T o r o n t o .................
5,553.309
872.421
Halifax............
less active than in the previous week or the week of last year. Hamilton ........
042,202
Important gains in the current statement are at Houston 107'7 Total Canada. .
19,843,888
cent, Waco 69-6, Milwaukee 60-9, Galveston 54’2 and
uth 40 per cent.
Not included In totals.

C

Week End’s Mar. 18.

1892.
P. Oeni
*
046,042,503
—1-3

53,701,020
L,O8i,438.809
438,396.300
9,778,971
5.235,483!
1,208,655
559,727|
16,782,839

+17*4
+ 5‘ 1
+3*0
+40 0
+5"4
+37 9

—111

—4 0
+13 7
+ 4-3

+12 0

+51-2
+107-7
—43-8
+67
+ 10*6
-+-7*6
+14*3

+0 0
+ 4-9

+20

+09 0
+ 5 '8
—10 3
+ 1-0
+ 9-8

000 000

567,380
482.91(1
889.539
568,070
178.410
64.883.9-0

+ 0 8 1,282,886,101

-1 0 1

+10*5
—10*4

+ 8-4
+ 22-8
+30*8
+48*3
-4 1 *0
+10*3

+10 8

+23*1
+ 2*2
+13-9
+7*3
+2 3
+3S-9
+10-7
-1 5 9
—4*6
....

+ 11 0
+ 8A

~+3*6

492,115,707

+6*5

+30 6
46*1
-2 7 8
+14-7
+182

11858.008
0.698,541
965,*52
651,843
20,104,344

+23 1
+19-6
+ 2*0
+5*5
+ 20*1

TH E

518

C H R O N IC L E .

[V ol . LV I.

accepted as confirmation of the existing belief that
under the higher price for cotton things have changed
for the better in the South. Iu the West and on the
S W I
C ITY
S e e p a n e s 5 4 9 , 5 5 0 , 5 5 1 , 5 5 2 a n d 5 5 3 for our State Pacific Coast the failures are larger in number as well
as in amount of liabilities. In the East ern and Middle
and City Department.
All advertisements with relation to State and City Bonds States numbers are less while liabilities are heavier,
will likewise be found on the same and following pages,
indicating more large failures than in the previous
year.
A n e w e d it io n o f th e
It seems likely that the right of laborers and employees
to
combine and by force and intimidation attempt to
S T A T S A U ® CITY S U m S I T E U T ,
hinder
or impede the transaction of commerce and
revised to as near the day of publication as possible, will be
business
will ere long be definitely settled.
Judge
issued in the month of April, and will be given without
Ricks is expected to render his decision in the cases of
charge to all yearly subscribers of the C h r o n ic l e .
contempt against the Like Shore engineers on Monday
of next week. In the meantime we have had a very
THE F IN A N C IA L SITUATION.
important decision by Judge Billings in the United
The tone in financial circles has continued to im­ States Circuit Court at New Orleans in the case of the
prove, and it is unquestionable that a more confident United States vs. the Workingmen’s Amalgamated
feeling prevails than was the case a few weeks back. Council of New Orleans. This is the case where the
The outflow of gold has been lighter than expected, labor organizations, in order to compel the employment
only $500,000 having been exported during the week, of none but union men, ordered the employees in all
and the United States Treasury has succeeded in mak­ the different trades and industries in the city of New
ing some further slight additions to its gold holdings, Orleans out on strike, thus blocking completely all
the excess above the 100 million reserve now standing domestic business and also all commerce through the
at $6,989,963. A slight flurry in money on Thursday, city. Judge Billings holds that combinations in
incident to the 1st of April settlements, and having its restraint of trade and commerce by and between
origin in a demand for funds from the East, laborers, as well as by and between capitalists, must he
and also in the calling of loans by a prom­ regarded as coming within the Act of July 2, 1899,.
inent industrial concern which needs the money for commonly known as the Anti-Trust law. The judge doesthe payment of a large dividend previously declared, not rule that a mere refusal to work, either singly or
has not been looked upon as of great consequence, and collectively, where not attended by intimidation or
has therefore exerted comparatively little influence. violence, contravenes the statute ; but he holds that a
So, too, the bank failures announced from Nashville combination among laborers to allow no work to he
and the attempted corner in wheat at Chicago, the done until the demands of the employees are complied
latter attended by sharp and erratic fluctuations in with, is illegal under the act referred to. This decision
wheat prices at that point, have been regarded as spec­ ought to have a wholesome effect in checking the too
ial events, possessing no general significance as far as prevalent disposition of labor leaders and labor organ­
the financial and mercantile situation is concerned.
izations to use unlawful means to accomplish their pur­
The first quarter of the year closed yesterday, and in poses, for by the first section of the act in question
the statement of mercantile failures for that period persons entering into combinations forbidden by the
prepared by Messrs. R. G. Dun & Co. we have evi­ act are declared guilty of a misdemeanor, for which
dence of the strain to which industrial interests were they may be punished by a year’s imprisonment.
put by the period of stringent money which attended
Money on call representing bankers’ balances was
the large gold exports and by the uncertainty regard­ easy at 3 to 4 per cent until Thursday morning, when
ing the Treasury situation resulting from the same cir­ the rate advanced to 8 per cent in consequence of a call­
cumstance and from the drop in the Treasury gold ing in of loans, made necessary by a movement of
holdings down close to the 103 millions reserve. money to the East. In the afternoon there was a sharp
Messrs. Dun & Co. report that the liabilities of the advance to 25 per cent, and round amounts were
failed firms for the three months of this year aggregate loaned at 20. The rise was in part due to the fact that
$47,318,300, against only $39,284,349 in the three money was wanted for disbursement on Monday, and as
months of 1892 and $42,167,631 in the corresponding the Stock Exchange would be closed on Friday and
period of 1891. In only one geographical division are as Saturday would be a half-holiday, loans
the liabilities less than for last year, namely in had to be called on Thursday. There will be large dis­
the South. The following gives the failures, both in bursements for divideuds, particularly on American
number and in aggregate amount of liabilities, for each Sugar Refineries stocks, on Monday, and it is probable
of the leading sections.
that then and thereafter the market will be liberally
.— Q u a r te r e n d i n g . - . ,— Q u a r te r e n d i n g — ,
supplied. The extremes for the week were 25 and 3
M arch 31, 18 9 3 .
M arch 31, 1892.
Banks and trust
N o. o f A m o u n t o f
N o. o f
A m o u n t o f per cent and the average was about 7.
S ta te s a n d T e r r ito r ie s .
F a il u r e s . L i a b i l it i e s . F a il u r e s . L ia b ilit ie s .
companies quote 6 as the minimum. There has been a
E a s t e r n S t a t e s ................................. 3 3 9
S 5 ,1 0 3 ,8 7 1
379
$ 4 , 7 4 9 ,9 4 3
good supply of money on time, offered on high grade
M id d le S t a t e s ................................. 7 4 4
1 6 ,9 2 4 ,2 3 3
769
1 1 ,8 2 5 ,9 5 7
S o u t h e r n S t a t e s ............................. 7 5 9
1 0 , 3 3 0 ,0 4 1 1 ,0 3 2
1 0 ,8 6 0 ,3 4 5
collateral, chiefly on gold notes, and the demand has
W e s t e r n S t a t e s ............................... 9 9 3
1 2 ,3 4 4 , 3 1 0
917
9 ,6 8 8 ,7 0 4
been
fair. Rates were 5^ per cent for 30 to 90 days and
E a c -iflo S t a t e s a n d T e r r i t o r i e s . 3 4 7
2 ,6 1 5 ,8 4 5
287
2 ,1 5 9 ,4 0 0
6
per
cent for longer dates. Commercial paper is in
T o t a l ..............................................3 ,1 8 2 $ 4 7 ,3 1 8 ,3 0 0 3 ,3 8 4 $ 3 9 ,2 8 4 ,3 4 9
X > o m .o t C a n a d a & N e w f ’ d la n d . 4 7 4
$ 4 ,6 6 4 ,3 1 9
559
$ 5 ,7 5 4 ,8 7 2
only moderate demand, wholly from out-of-town, the city
It will be seen from the foregoing that the South hanks being as yet in no condition to buy paper. The
shows not only smaller liabilities, but also a very supply is good and is gradually increasing. Rates are 6
marked diminution in the number of failures, these per cent for the best names, and some paper sells as high
indeed being reported at only 759 for 1893 against 1,032 as 9 per cent. The bank return of last Saturday showed
for 1892. This is a gratifying feature, and may he that four of the larger hanks held $7,714,700 surplus re­
*■
THE

AW

V Z T A ft tW Z W ,

A p r il

THE

1, 1893.]

C H R O N IC L E .

519

held from the New York Central in the shape of intelligence
that beginning April 30 the company will put on
The feature abroad this week has been a fresh crisis in a vestibuled palace car train to leave the Grand
France, this time growing out of the action of the Central Station at 3 P. M. each day and arrive
Chamber of Deputies in deciding to retain the liquor at Chicago at 10 A. M. the following day, thus
law amendment bill as part of the budget against the making the run (allowing for the difference in time
wishes of the Government.
As a consequence the between New York and Chicago) in 20 hours. As
Ministry resigned. The cable reports discounts of 60 the distance between the two points over the
to 90 day bank bills in London l f @ l £ per cent. The open Central route is 980 miles, this is an average of 49
market rate at Paris is 2 at Berlin it is 2§ and at Frank­ miles an hour including stops, which is marvelously
fort 2-£ per cent. The higher rates in Germany are due to fast time for such a long run. West from Buffalo the
the settlements. The Bank of England, according to route will bo over the Lake Shore road, and the train
our special cable from London, lost £838,000 gold for the will bo a special one and extra fare be charged on it.
week, and held at the close of the week £26,234,386 ; The Norfolk & Western board of directors this week
our correspondent also advises us that the loss was the decided to omit the April semi-annual dividend on the
result of the shipment of £1,129,000 gold to the inter­ preferred shares. The dividend was formerly 1^-per
ior of Great Britain and the import of £291,000 from cent each half year, but last October only 1 per
abroad, £150,000 coming from Australia, £130,000 cent was declared and wa3 made payable in
from Egypt and £11,000 from other countries. The scrip. The resolution of the board states that after
Bank of France lost £75,000 gold, and the Bank of Ger­ taking out this one per cent, the accounts
twelve months show a surplus of
many shows a decrease of about £84,000 of this metal. for the
Our foreign exchange market has been dull but firm $296,313, which would thus be equal to a little over
this week. Compared with Friday of last week the one-half of one per cent on the amount of the preferred
market opened on Monday unchanged, but in the course stock outstanding. The $296,313 is to be applied in
of the day the Bank of Montreal advanced to 4 87 for liquidation of current obligations. The company’s re­
long and 4 89 for short, making the rates by all the turn of earnings for February has been issued, and
drawers uniform. This was the only change during makes a poor showing, chiefly on account of the severe
the week and the market closed firm yesterday at the weather with-which the road had to contend. A loss
figures given. Bates for actual business were 4 86 to in net for the month of $36,809 i3 reported, and for
4 86^- for long; 4 87f to 4 88 for short; 4 88 to 4 88-£ the two months a loss of $117,454.
Besides the returns of the Beading and the Norfolk
for cable transfers; 4 85£ to 4 851 for prime and 4 85
to 4 85£ for documentary commercial bills. Gold to & Western, quite a number of other reports of net have
the amount of $500,000 was shipped to Europe by been received this week which are hardly as satisfactory
as could be wished. The Canadian Pacific has net of
Heidelbach, Ickelheimer & Co. on Tuesday.
The Philadelphia & Beading receivers this week only $239,304 this year, against $402,160 last year. The
withdrew their application for permission to issue re­ Burlington & Quincy has lost $86,149 in gross and $144,ceivers’ certificates, for the purpose of amending it. 072 in net. The Milwaukee & St. Paul has $142,657
B o official information as to the nature of the modifi­ decrease in gross and $153,558 decrease in net. The
cation it is desired to make, has been furnished, but it Erie with $178,141 decrease in gross, has only $19,125
is supposed that in view of the financial arrangements decrease in net. The Central of New Jersey has suf­
concluded last week with Drexel & Co. and Brown fered a reduction of $37,679 in gross and a reduction
Bros., it may be the intention to provide for the issue of $91,384 in net. The Bio Grande Western reports
o f a smaller amount of certificates than originally gross of $147,921 against $162,362 and net of $38,418
asked for. It is announced that the interest and rental against $45,501, and the Cleveland Cincinnati Chi­
payments falling due April 1 will be met. The sales cago & St. Louis gross of $961,899 against $1,106,496,
agents of the anthracite companies at their meeting and net of $222,364 against $294,679.
this week quite unexpectedly decided not to reduce
The Chesapeake & Ohio again has an exceptionally
Western selling prices of coal, so that the old prices favorable statement, chiefly by reason of the reduction ef­
will remain in force for another month. The Beading fected in expenses through the elimination of betterment
return of earnings for February has been issued and outlays; the net is given as $231,842 this year, against
makes a very unfavorable showing. For the Bailroad $175,477 last year. The Atchison also has a very satis­
Company there is a decrease of $157,427 in gross earn­ factory exhibit, though this applies chiefly to the
ings and a decrease of $338,644 in net earnings; on tie Atchison system proper, where gross has increased
Coal & Iron Company there is a further loss in net of $222,571 and net $127,464. On the St. Louis & San
$131,162, making together $469,806. For the first Francisco there is a decrease in net of $10,808, and on
quarter of the company’s fiscal year since the first of the Colorado Midland a decrease of $40,489. The
December there is a loss in net (counting the miscella­ Louisville & Nashville shows ODly slight changes, but
neous income) of over a million dollars— $1,009,685. the changes are of a favorable nature— $32,912 increase
Allowing for the charges, there is a deficit for the three in gross and $18,444 increase in net. The Wabash has
months of 1892-93 of $621,164 (both companies com­ $68,004 decrease in gross, but $4,252 increase in net.
bined), against a surplus last year of $469,142, a differ­ The Kansas City Memphis & Birmingham has lo3t
ence against the present year of $1,090,306. The $4,327 in gross and $5,477 in net.
Lehigh Valley return is for January, a month back; it
The following gives the week’s movements of money
shows a loss in net of $23,403.
to and from the interior by the New York banks.
At the request of the board of directors of the com­
R eceived by Shipped by
N ei In te rio r
W eek S n d in o March 31.1883.
pany, Mr. S. II. II. Clark has withdrawn his resigna­
N .Y . Banks■ N . r . Banks.
M ovem ent.
tion as president of the LTnion Pacific. He will instead
$4,250,000 $3,702,000 G ain. $ 5 4 8 ,0 0 0
8 12 ,000
612 ,000 G ain .
2 3 0 ,0 0 0
resign his position as the head of the Missouri S o l d ................................. .........................
$5,092,000
$4,314,000 G ain. $ 7 7 8 ,0 0 0
T
o
ta
l
g
o
ld
an
d
le
ga
l
t
e
n
d
e
r
s
—
Pacific. Quite an interesting announcement comes
serve,

while

1 9 ,2 4 3 ,2 0 0 .

the

institutions

as

a

whole

TH E

$20

C H R O N IC L E .

[VOL. L > I.

With the Sub-Treasury operations and gold exports, that up to 1890 the United Kingdom had in each and'
every year produced more iron than the United States,,
the regult is as follows.
the result seems marvelous. It had been considered
N et Change it.
O ut o f
In to
W eek ending March 91, 1898.
quite an achievement to pass the mother country, and
B a nk Holding}
Bank*.
Bank*.
B a n k s ’ in te rio r m ov em en t, as a b o v e $5,092,000 $4,314,000 G ain . $77 8,00 0
doubts were felt whether the United States could retain
800,000
S u b -T rea s. o p e r . and g o ld e x p o r t s ... 14,100,000 14,900,000 L o s s .
first position; now we have come to a year where this
$22,000
T o ta l g o ld a n d le g a l ten d ers....... $19 ,192 ,00 0 $19 ,214 , OOO'Loss.
country’ s output is nearly forty per cent greater than
Bullion holdings of European banks.
that of Great Britain.
March 31, 1892.
March 30, 1893.
It is perhaps natural that the English trade papers
B ank o f
Total
Gold.
Total.
Silver.
Gold.
Silver.
in their comments on this great contraction in the
£
£
£
£
£
£
British output should take rather gloomy views. Thus
25,902 844
20,234,386 25,902,844
England.......... 20,234,986
Iron of London, in its issue of March 17th, after stat­
F r a n ce ............ 66.403,305 50,981,536 117,384.841 56,284,000 50.952,000 107,230,000
34,728,750 11.570,250 40,305,000 36,340,000 11,780,000 47,120,000
G erm an y*—
ing
that the statistics are not exhilarating study, goes
22
,
221,000
10,736,000
27,550,000
5,485,000
10,420,000
17,130,000
A oB t.-H n n g’ y
3,178,00 b 0,831.000 10,009,000
3,183.000 7,198,000 10,381,000
N eth erland s..
on to say: “ It was doubtless a foregone conclusion
4,298.000
2,805.333 1,432,067
4,579,000
3,052,667 1,526.333
N at.B elgium *
that the production of iron and steel in the United
7,250,000 4,541,000 11,797,000
7,713,000 4,712,000 12,425.000
Spain................
Kingdom in 1892 would compare badly with the results
T o t. th is w eek 151.735.308 93,124,119 244,859,227 136,311,177 92,272.067 228.583 844
T o t . prev. w ’k 152,687,281 93,677.809 240.305.150 137.578,30- 92.973.000 230.551,305
of the years immediately preceding, but we question
* T h e d i v i s i o n (D e t w e e n g o l d a n d s i lv e r ) g i v e n In o u r t a b l e o t c o m a n d
b u l l io n In t h e B a n k o l G e r m a n y a n d t h e B a n k o f B e l g i u m is m a d e f r o n
whether any one anticipated that the retrograde move­
t h e b e s t e s t im a t e w e a r e a b l e t o o b t a i n ; i n n e i t h e r o a s e Is It c la im e d t c
The produc­
b e a c c u r a t e , a s t h o s e b a n k s m a k e n o d i s t in c t i o n i n t h e i r w e e k ly r e t u r r “ , ment would extend so far as it has done.
m e r e ly r e p o r t in g t h e t o t a l g o l d a n d s i l v e r , b u t w e b e l i e v e t h e d i v t s lo i
tion of pig iron, for instance, has been thrown back
w e m a k e Is a c l o s e a p p r o x i m a t io n .
Ji O t e .— W e r e o e i v e t h e f o r e g o i n g r e s n l t s w e e k l y b y c a b l e , a n d w h ile n o t
more than twenty years. Such is the result of the
a ll o f t h e d a t e g i v e n a t t h e h e a d o f t h e c o l u m n , t h e y a r e t h e r e t o r ; s
I s s u e d n e a r e s t t o t h a t d a t e — t h a t I s . t h e l a t e s t r e p o r t e d f ig u r e s .
accumulated reductions which have taken place annu­
ally since 1889, culminating in the output for last year
IR O N DEVELOPM ENT I N THE UNITED being lowered to 6,616,890 tons.
In 1871 the produc­
STATES, GREAT B R IT A IN AND EUROPE.
tion in Great Britain amounted to 6,627,179 tons and
An interesting circumstance connected with the in 1872 to 6,741,929 tons, so that the iron trade of this
growth and development of the iron and steel indus­ country is now no further advanced in that respect
tries in the United States has been the coincident ret­ than it was twenty years ago. This is a serious matter
rograde movement in the same industries in the if we consider the growth of population at home and
United Kingdom. The coincidence of course does not abroad which has taken place in the meantime, and the
imply that the one event follows directly or entirely development of commerce throughout the world. At
from the other, though it is a fact that the United no previous period in the history of the iron trade has
States now takes a great deal less iron and steel and the there occurred such a pronounced retrogression.”
It is only proper to state that an exceptional circum­
various manufactures of the same from Great Britain
than a few years ago, and that this falling off in the stance affected the output in 1892, and that except for
demand from this country has played a prominent part this the production for the year would have been
in diminishing the output and depressing the industries heavier than we now find it. There was a strike of the
in question on the other side. Various other circum­ Durham coal miners, as will be remembered, which
stances, however, have also contributed to bring about lasted twelve weeks. This had the effect of cutting off
the change, and the matter attracts notice because the the supplies of fuel in one of the principal producing
United States and the British Isles are the two greatest districts of the Kingdom,thus necessitating the shuttingiron-producing countries in the world, and the effect of down of many of the furnaces. As bearing on that
the change has been to give to this country the rank of point we may note that more than the whole falling off
leading producer, which Great Britain had held so in output for the year 1892 as compared with 1891 is
long. The matter is also noteworthy because it serves found in one district, namely the Cleveland district.
to throw light on the general trade situation in the The coal strike did not affect the fuel supplies in all the
United Kingdom and on the complaints of poor busi­ various districts, and it is fair to assume that if there
ness which have been so prevalent there.
had been an active and urgent demand for iron the loss
The British statistics of production are not issued as in the strike region would have been overcome by a cor­
promptly as those for this country, and the results for responding increase in the output of the other regions,
the calendar year 1892 have only just become available. and the fact that it was not is itself the strongest evi­
It was known that the make of iron in that year had dence of the depression which prevailed. Still, it is
fallen off, but the official figures show a much heavier undoubted that the strike did restrict the output, and
decline than had been expected. It appears that the in interpreting the year’s results that circumstance
output of pig iron for the twelve months was only should be taken into consideration.
6,616,890 gross tons of 2,240 lbs. This is the smallest
The fact that unsold stocks were considerably re­
yearly product since 1879. In fact, Great Britain pro­ duced during the twelve months should also not be
duced more iron early in the seventies than it did in overlooked. At the close of the year stocks in makers’
1892. In 1891 the output was 7,228,496 tons, in 1890 hands and in the warrant stores were only 872,095
7,875,130 tons, in 1889 8,322,824 tons, and in both tons, as against 1,232,277 tons at the beginning
1882 and 1883 over eight and a-lialf million tons.
of the year, showing a reduction of 360,182 tons.
Thus in the last three years there has been a falling This reduction of course must be counted as an off­
off in the yearly production of iron in the United set to the falling off in production, making the
Kingdom of 1,705,934 tons. In the same three years comparison of the latter to that extent more favorable
the United States mcreased its production over 1-J mil­ than appears by the face of the figures. The further
lion tons. This country’s output in 1892 was 9,157,000 falling off in production in 1892 was 611,606 tons.
tons, as against Great Britain’s total of 6,616,890 tors, Allowing for the reduction in stocks, the deliveries for
showing a difference in favor of the United States of home use and for export in 1892 were 6,977,072 tons
no less than 2,540,110 tons. When it is remembered against 7,329,260 tons in 1891, a loss of only 352,18S
t

A p r il

1, 1893.1

T H E

C H R O N IC L E

5 2

?

tons. The diminution in stocks is likewise a factor in wants, and its iron and steel go very largely to supply
the results when the comparison is extended the export demand. It so happens that this export
back beyond 1891.
A few years ago the stocks demand, owing to the universal and almost world-wido
were of very large magnitude, in part as the out­ depression which has existed in trade and business,
growth of speculation. On January 1, 1888, they has undergone very great contraction in recent years ,
were reported at 2,616,366 tons and on January with the result that while the exports of British iront
1, 1889, at 2,588,708 tons.
On January 1, and steel in 1889 were 4,186,182 tons, and in 1890
1892, and January 1,1893, as already stated, they weie 4,001,430 tons, in 1891 they dropped to 3,240,140 tons,
1,232,277 tons and 872,095 tons respectively, which aud in 1892 there was a further drop to 2,740,21T
The United States, having only a trifling;
last two amounts, however, should be increased about tons.
60,000 tons, to cover the stocks of one large firm which export trade in iron and steel, did not feel the*
failed to make a return at those dates. Hence we may depression in the outside world to any extent, and
say that in the four years from January 1, 1889, stocks owing to its excellent harvests did not experience-,
have been reduced from 2,588,708 to 932,095 tons, or much depression at home; moreover, the low prices;
about I f million tons. This is an average decrease of for iron and steel products greatly stimulated con­
over 400,000 tons per year. Evidently it was considered sumption, and at the same time our home products
desirable to allow the stocks to be drawn down, and evi­ went in part to replace the foreign product. In 188T
dently also, except for that policy, the output might the Uuited States imports of iron and steel in their
have been increased in that amount each year. But, various forms aggregated 1,783,256 tons; in 1892 theeven after this factor has been taken into account, the aggregate was less than half a million tons. A great,
falling off in production in recent years still remains part of thii loss fell upon Great Britain, since moat o f
heavy. It will be interesting to see how the 1892 re­ our imports come from that country. Under ordinarysults for Great Britain and the United States contrast circumstances the United Kingdom would in all
on the basis of the actual disposals of iron. Here is a probability have found part compensation at least for­
table we have prepared for that purpose.
ties loss in an increased demand from other sourcesBut with financial and mercantile depression in A us­
,-------------- T o n s o f 2 ,2 4 0 lb s .---------U n ite d S tales.
G re a t B r it a in .
tralia, in the Argentine Republic and other parts of'
1892.
1 8 9 ’.
S to c k o l p ig J a n u a r y 1
6 2 7 ,2 3 3
'1 , 2 3 2 ,2 7 7
South America, and on the Continent of Europe as
P r o d u c t i o n ........................
9 , 1 5 7 ,0 0 0
6 ,6 1 6 ,8 9 0
well, it was not possible to retrieve the loss. T he
S u p p ly .................................
9 , 7 8 4 .2 3 3
7 . 8 4 9 ,1 6 7
S t o c k o f p i g D e c e m b e r 31
5 3 5 ,6 .6
* 8 7 2 ,0 9 5
difference in the character of the iron and steel trades
D is p o s a ls o f h o m e p i g
9 ,2 4 8 ,6 1 7
6 ,9 7 7 ,0 7 2
of the United States and Great Britain is clearly shown
* N o t i n c l u d i n g s t o c k s h e l d b y o n e i m p o r t a n t f ir m .
in the following.
--------------- T o n s 0 / 2 , 2 4 0 lb s .— 7 —^
Thus on the basis of actual disposals of home pig,
TJniled S tales.
G r e a t B r ita in * .
4892.
after allowing for the changes in stocks in each case, D e li v e r ie s o f b o r n e p i g ................................... 9 ,2 14889,621. 7
6 ,9 7 7 ,0 7 2
Im p o rts o f iro n a n d s te e l a n d m a n u ­
there is a difference in favor of the United States of over f a c t u r e s o f t b e s a m e ...................................
4 9 4 ,0 4 1
3 0 1 ,3 6 2 ,
2£ million tons, the disposals for Great Britain being only
7 ,2 7 8 ,4 3 4
6,977,072 tons, as against 9,248,617 tons for this coun­ E x p o r t s o f ir o n a n d s t o e l a n d m a n u 9 ,7 4 2 ,6 5 8
2 ,7 4 0 ,2 1 T
f a e t u r e s o f t lie s a m e ...................................
4 7 ,9 2 6
try. In the production of the two countries the differ­
ence in favor of the United States had been a little
9 , 6 9 4 ,7 3 2
4 ,5 3 8 ,2 1 7
1 ,0 2 2
8 6 ,6 6 1
R e - e x p o r t s ............................................................
over 2| million tons. Obviously, therefore, while the
9 , 6 9 3 ,7 1 0
4 ,4 5 1 ,5 5 &
U s e d a t b o r n e .............................................
Durham coal miners’ stiike had some influence on the
results, this country’s great preponderance cannot be
Great Britain, with deliveries of home pig iron in
asciibed to that occurrence, for even in the actual deliv­ 1892 of 6,977,07: tons, exported 2,740,217 tons of iron
eries of iron for home use and for export there is a dif and steel, an 1 imported only 301,362 tons.
The
ference in favor of the United States, as we see, of fully United States, however, with deliveries of home iron
2% million tons.
of 9,248,617 tons, imported 494,041 tons and exported
This view is further confirmed by an examination of only 47,926 tons. As a consequence, while the United
the figures of steel production. In the Bessemer Kingdom consumed altogether only 4,451,556 tons o f
product the United States has long outranked the iron and steel within the country, the United States
mother country. But while our output of this kind of consumed more than double that amount, or fully 9,693*steel at 4,160,972 tons for 1892 compares with only 710 tons. In arriving at these results we have treated
2,930,204 tons for 1889, the output of Great Britain the imports and exports of iron and steel in the fin­
at 1,500,810 tons compares with 2,140,791 tons. In ished forms the same as raw iron, and consequently
other words, this country has made a very important in­ the figures are not absolutely exact, since it necessa­
crease, while the British Isles have sustained an import­ rily takes more than an equal amount of iron to pro­
ant decrease. In the manufacture of open-hearth steel duce a given amount of steel or any finished product
the United Kingdom still maintains a decided lead, but of either iron or steel; but whatever slight variations
the 1892 figures for neither country have yet been pub­ may arise from that cause, the comparisons given
lished, though it is known that the output in the United serve to furnish a good idea of the differences in
States by this process also has greatly increased in results and conditions between the two countries.
recent years.
It will be useful to go a step further aud see what
The difference in the results for the two countries, has been the course of iron production in the two other
both as regards iron and steel, is to be sought in the leading iron-produciDg countries, namely Germany and
difference in the character of their trade and the Prance. We find that the make of iron in Germany
difference in the conditions prevailing in each. The during 1892 was 4,793,003 tons against 4,641,217 tons
United States is a new country and for its development in 1891, aud that in Prance the output was 2,022,989
requires enormous and steadily increasing amounts of tons against 1,897,387 tons. Hence of the four
iron and steel. The United Kingdom, on the other countries Griat Britain is the o l I j one whose production
hand, is an old country, with comparatively small home fell off. Here is a table showing the output of the foiut

522

TH E

C H R O N IC L E .

[Y o l . LVI.

countries for each year back to 1880. The 1892 figures tersely puts it, the problem has got to be solved, and,
ss he also says, the shipping public must either pay in­
for France have only this week come to hand.
creased
rates for the service performed by the railroads
T I G IR O N P R O D U C T IO N O F L E A D I N G C O U N T R I E S .
To<al
^ -M e tr ic t o n s o f 220 l ib s .
----- T on s o f 2 2 4 0 lb s .-----or
the
compensation
now paid in every branch of rail­
4 C o u n trie s .
G erm a n y.
F ra n ce.
G .B r ita in .
TJ. S lates.
1 6 ,0 3 8 ,7 5 5
1 ,7 2 5 ,2 9 3
7 2 9 ,0 3 8
1 3 3 0 ..
7 .7 4 9 .2 3 33 ,3 3 5 ,1 9 L
road
employment
must
be reduced, if railroads are to
1 7 ,1 0 2 ,5 7 3
1 ,8 9 9 ,8 6 1
2 ,9 1 4 ,0 0 9
1 8 8 1 ..
8.144*,4494 ,1 4 4 ,2 5 4
1 8 ,6 2 9 ,8 7 6
2 ,0 3 9 ,0 6 7
3 , 3 8 0 ,8 0 6
1 8 8 2 ..
8 .5 8 6 .0 8 04 ,6 2 3 ,3 2 3
be
permitted
to
earn
enough
to pay interest on bonded
1 8 ,6 6 1 ,9 1 6
2 .0 6 7 .3 8 7
3 ,4 6 9 ,7 1 9
1 8 8 3 ..
8 .5 2 9 .3 0 04 ,5 9 5 ,5 1 0
1 7 ,3 6 5 ,4 5 4
1 ,8 5 5 ,2 4 7
3 , 6 0 0 ,6 1 2
1 8 8 4 ..
7 .8 1 1 .7 2 74 .0 9 7 ,8 6 8
indebtedness.
Mr.
Clarke’s
effort is not an ambitious
1 6 .7 7 8 ,0 7 6
1 .6 3 0 ,6 4 3
3 .6 8 7 .4 3 3
1 8 8 5 ..
7 . 4 1 5 .4 6 94 ,0 4 4 ,5 2 6
1 7 ,7 3 8 ,3 1 5
1 ,5 1 6 ,5 7 4
3 .5 2 8 ,6 5 8
1 8 8 6 .- 7 ,0 0 9 ,7 5 4
5 ,6 8 3 ,3 2 9
one,
bis
criticisms
being
compassed
in a short circular,
1 9 ,5 6 9 ,2 4 1
1 ,5 6 7 .6 2 2
4 ,0 2 3 ,9 5 3
1 8 8 7 ..
7 .5 5 9 .5 1 86 ,4 1 7 ,1 4 8
2 0 ,4 0 1 .5 1 0
1 ,6 8 3 ,3 4 9
4 . 2 2 9 .4 3 4
but
he
strikes
at
the
root
of
the
matter,
au l in a clear
1 8 8 8 ..
7 . 9 9 8 .9 6 96 ,4 8 9 ,7 3 8
2 2 , 0 3 6 ,4 5 0
1 ,7 2 2 ,4 8 0
4 , 3 8 7 ,5 0 4
1 8 8 9 ..
8 .3 2 2 .8 2 47 ,6 0 3 ,6 4 2
2 3 , 6 9 8 ,4 8 0
1 ,9 6 2 ,1 9 6
and concise manner. He points out that it has become
4 ,6 5 * * 4 5 1
1 8 9 0 ..
7 .5 7 5 .1 3 09 ,2 0 2 .7 0 3
2 2 ,0 4 6 .9 7 0
1 .8 9 7 .3 8 7
4 .6 4 1 ,2 1 7
1 8 9 1 ..
7 . 2 2 8 .4 9 08 ,2 7 9 ,8 7 0
2 2 ,5 8 9 ,8 8 2
a necessity, for self-preservation, that the owners of
2 ,0 2 2 ,9 8 9
4 , 7 9 3 ,0 0 3
1 8 9 2 ..
6 .6 1 6 .8 9 09 ,1 5 7 ,0 0 0
la Germany progress during the last ten years has railroad property shall combine to deal with federa­
been only less decided than in the United States, but tions and labor organizations, on well-defined principles
in France the product has been nearly stationary. of equity and justice. “ Fair aud reasonable compen­
Compared with 1880, the output of the United States sation should be paid to men employed in every branch
has risen from 3,835,191 to 9,157,000 tons, that of of railroad service. The earning capacity of a railroad
Germany from 2,729,038 to 4,793,003 tons, and that of must and will be the test of its ability to pay wage3
France from 1,725,293 to 2,022,989 tons, while the and meet the necessary expenses in operating the road.
output of Great Britain ha3 fallen from 7,749,233 tons A railroad company has no other mean3 of meeting its
to G,G!G,890 tons. If we compare with 1889, three expenses than by its earnings,”
Mr. Porter’s article was the direct outgrowth of the
years back, the result is much the same. In this
period the United States has increased its production recent demands of the switchmen at Chicago for an
from 7,603,642 to 9,157,000 tons, Germany from increase in their pay. Mr. Porter give3 facts and
4,387,504 to 4,793,003 tons, and France from 1,722,480 figures to show how net earnings have declined—facts
to 2,022,989 tons, while on the other hand the British which constitute the basis of the belief of the managers
Isles have sustained a decrease in their output from that it would be impracticable to assent to the request
8,322,824 to 6,616,890 tons. Thu3, the experience of for higher wages. Mr. Porter declares that the com­
Great Britain has been quite exceptional. But, as we pensation of railroad employes has continuously in­
have seen, her trade is also quite unique, being subject creased during the last few years, and that in view of
to world-wide influences. It seems unlikely that she the fact that the net results of railroad operations have
will regain her old market in this country, but as soon almost as continuously declined a point has at last been
as there is a change for the better in the industrial con­ reached where resistance to further advances must be
ditions of the world at large, we may suppose her ex­ made [if bankruptcy is to he avoided. Mr. Porter un­
ports will again increase and the condition of her iron dertakes especially to direct public attention to the arbi­
and steel trades consequently improve.
trary action and conduct of labor organizations. He
points out that a short time ago a passenger train going
out from Chicago, filled with passengers, was delayed
THE DIFFICULTIES ATTENDING
at a point three miles from the centre of the city nearly
RAILROAD OPERATIONS.
two hours waiting for a switch to be turned. Neither
The experience of United States railroads during the engineer, the fireman, the conductor nor the brake1892 in having a larger business than ever before, and man could turn the switch and let the train go along,
yet being obliged to report in many cases a falling off because it was against the rules of each oue’ s organiza­
in net earnings—so that in effect the extra traffic was of tion to do anything that did not pertain to his own
no direct benefit to the roads—the fact that it seems to particular duties. The train wa3 finally moved, but
be almost impossible to check the downward tendency only by sending soma one out from Chicago to change
of rates, that at the same time the public have been the switch.
educated to expect steadily-improving service and accom
On another occasion, say3 Mr. Porter, three different
modations, and that with all this railroad employees are engine®, two with trains attached, were standing in
still asking for further advances in their pay— those each other’s way on the main track, with an empty
conditions are forcing railroad managers to take vigor­ engine at the head, on which sat an engineer and a
ous steps to protect the interests committed to their care. fireman waiting for the switch to be turned. The
The concert of action which marked the course of the Superintendent, learning the cause of the delay, under­
managers of the Chicago roads recently in refusing the took to change the switch himself, but having done so
demands of the switchmen is one of the first fruits of the engineer refused to move because, forsooth, the
this feeling. The situation has also led to some earn­ switch had not been turned by a regularly authorized
est and intelligent discussions of the whole subject by switchman, and consequently the blockade still con­
leading railroad officials, with the intention of arousing tinue!. On still another occasion, according to Mr.
public sentiment. Within a few days wa have received Porter, a switchman on one of the switch engines
papers prepared by Mr. Ja3. C. Clarke, the President stepped into the tower where a new tower-man had
of the Mobile & Ohio Railroad, by Mr. II. H. Porter, been placed, and with the most kindly intent showed
the Chairman of the hoard of directors of the Chicago him how to do his work. Immediately [the switch
& Eastern Illinois, and by Mr. 0 . D. Ashley, the Presi­ engine stopped its work, and the corporation
dent of the Wabash Railroad.
wa3 notified that unless the offensive switch­
I t is of course too obvious to need demonstration
man was discharged, a strike would ensue, pend­
that if rates are to continue to decline and at the same ing action on which demand the switch engine and
time expenses are to continue to increase, there can be crew remained idle. The most remarkable thing, how­
but one outcome, namely insolvency. The two move­ ever, about the whole matter is that in each of these
ments cannot go on together and any other result be instances the employees, taking advantage of the rale
possible^ As President Clarke of the Mobile & Ohio that employees must be paid for over-time, demanded

A p r il 1, 1893.J

THE

C H R O N IC L E .

and received extra pay for the period of delay beyond
regular hours ; “ every moment of time that these em­
ployees were on their trains, or on their engines refus­
ing to switch, they demanded and were paid for their
time, although that time was used in blocking the
business of the roads they were employed by, thu3 de­
manding and receiving extra compensation for this in­
justice towards the railroad and the public.”
Well may Mr. Porter declare that such acts savor of
tyranny on the part of labor organizations. Mr.
Porter aims to bring the whole situation to public
notice, and in this respect we think he has rendered a
public service. He says the disturbances are bred and
maintained by a thoughtless public sympathy and can
be prevented only by a thoughful public sentiment.
“ It is not in the power of the railway managers to
prevent them ; it is in the power of the people to pre­
vent them.”
Mr. Ashley’s paper is entitled “ Railway Corporations
and the People,” and was read before “ The Round
Table” of St. Louis. Mr. Ashley has written a number
of thoughtful essays on railroad questions, and his
discourses are always worth reading. He show3 that
there is no analogy between the corporations of to-day
and those of mediseval times, and traces the history of
railroad effort up from the time of George Stephenson.
He sets out the difficulties that the early projectors of
railroads encountered, and bhows that by reason of the
great cost of the undertakings and the impossibility of
raising the necessary funds by individual contributions,
the corporate form became both a necessity and a con­
venience. He dwells upon the magnitude of the rail­
road interest, and points out how important have been
the benefits conferred upon the people and nation by
this great transportation industry; and yet the corpora­
tions through which these agencies of commerce have
been created are denounced as odious monopolies. As
far as the rates charged are concerned, they are the
lowest in the world, and as to the service the only
complaint has been as to the inadequacy of
the supply of cars during years of unusually abundant
harvests. Owing to the poor net results of railroad
operations and the hostility of State legislation, rail­
road construction is now practically at a standstill, and
it is very difficult to float bonds for new enterprises ex­
cept when guaranteed by one of the older and well es­
tablished systems. Such a condition of things is not
in the interest of the public, nor does it promote the
growth and development of the country.
Mr. Ashley fuitber points out that railway traffic,
railway construction and railway maintenance are
inseparably connected with the business and industrial
interests of the country, and that n othing can be more
obviously correct than the conclusion that the pros­
perity of the railway is identical with the prosperity of
the section which it traverses— which latter is a very
important point to bear in mind. The railways are,
“ metaphorically speaking, the veins and aiteriesof the
nation, and cannot be clogged or weakened without
immediately and injuriously affecting all business inter­
ests.” Mr. Ashley thinks that at least $30,000 per
mile should be expended upon our railways during the
next ten years in perfecting the grades, reducing the
curvatures, replacing wooden bridges with iron, fillingin
trestles, making additions to rolling stock, and provid­
ing double-track, &c. He well says that the people
have a deep interest in encouraging railway companies
in expenditures which tend to improve the carrying
capacity and the safety of their lines. “ The peo­

523

ple have a right to demand this, but they havo no
right to expect compliance on the part of railway
companies unless a fair compensation can be secured
for the service performed, because -it will be im­
possible for the carriers to devote any adequate part of
their earnings to betterments which they would gladly
provide.” * * “ To suppose therefore that a policy
which stops progress in methods of transportation, or
interferes with the circulation of trade currents, can be
maintained, would be to conclude that the people of
this country are in favor of retrograde movements.”
It is consequently Mr. Ashley’s opinion that the pres­
ent low rates of transportation should be raised to rea­
sonable figures. A very moderate advance would bring
new life and strength to the railways, while being
scarcely perceptible to consumers. Mr. Ashley also
makes a plea for the amendment of the Inter-State
Commerce Law, so as to allow pooling, and he would
likewise fegulate and restrict the construction of new
roads with the idea of preventing the building of
unnecessary new mileage.
With these changes he
thinks railroad companies could and would settle their
own difficulties, and the railroad problem be brought
quite near to a satisfactory solution.

THE B A N K OF JAPAN .
[c o n c l u d in g

a r t ic l e

.]

It will be interesting to give a brief description o f
general banking business in Japan and to show the re­
lation of the Bank of Japan to the other bank?.
Banking in Japan is still prim itive; the credit
system is narrowly limited, and the deposits do not
constitute so large an item of the business as in this
country. A failure of banks or banking firms does not
cause so great a disaster to the money market as sim­
ilar events in New York or London. From 1876 to
1890 fifty-four private banks, one hundred and twentyone bankers, four national banks, and many firms,
failed, but no fatal crisis occurred.*
Examination of the reports of the two Clearing
Houses of Tokio and Osaka reveals how small is the
credit system. The Osaka Clearing House was estab­
lished in 1881. The following is a summary of its
business for the ten years 1881 to 1890, inclusive.
B ills o f
E xch a n ge.
rea rs.
. T en s.
1881 ................................ 4.722,000
1882 ................................ 3,512,000
1883 ........................ . . . 3,488,000
1884 ................................ 8,910.000
1885 ................................ 4,102,000
1883.................................... 5,490,000
18S7.................................... 0,535,000
1888 ................................ 7,727,000
1889 ................................ 10,830,000
18'JO.....................................12,320,000

D r a ft s .
Y en s.
170,000
884,000
1,556,000
888,030
370,000
172,000
241,000
181,000
190,000
180,000

C h ecks.
Y ens.
25,480,000
31,687,000
32,744,000
20.052,000
13,010,000
8,920,000
9 ,587,000
11,317,000
12,839,000
15,814,000

C ash iers'
Chec s.
Y en s .
5 ,544,000
9,156,000
6,738,000
6,584,000
5,112,000
3,153,000
5,709,000
4,845,000
5,038,000
5.865,000

T ota l
A m o u n t,
Y ens.
3 5,9 18 ,00 0
45,241,000
46,487,000
31,435,000
22,650,000
17,737,000
22,0 74 ,00 0
24.072,000
28,8 98 ,00 0
34,187,000

The Tokio Clearing House was established in 1889.
The following is its report for 1890.
B ills o f
E xch a n g e.
Y ear.
Y e n 9.
1890.....................................4,832,000

D r a ft’.
Y en s.
1,796,000

C h ecks.
Y ens,
11.030,000

C a sh iers'
C hecks.
Y en s
1,880,000

T otal

Amount
Y ens.
19,559,400

The total amount cleared through the Osaka Clear­
ing House during 189-9 was thirty-four million yens,
while the amount cleared through the Tokio institu­
tion was less than twenty million yens. The aggregate
amount of the transactions of the New York Clearing
House during the same year (1890) was over thirtyseven thousand million dollars.
There are in Japan one hundred and thirty-four
national banks and two hundred and thirty-seven pri­
vate banks. The following table shows the capital,
* Q u o t e d f r o m G o v e r n m e n t r e p o r t —" B a n k i n g I n J a p a n .* '

TH E

524

C H R O N IC L E .

|_VOL, LVI.

surplus, loans and deposits, of the two classes of instiII. The note that contains more than two-fifths of
the face, with its number and value distinct, is ex­
tions.
N o. of
Capital.
Surplus. Deposits.
Loans,
changeable at half its value.
/lin k s. B r'chs.
Y en s.
Yens.
Yen s.
Yens.
National Banka.... 134
149 47,681.000 9.000,000 597.000,000 406,000,000
III. The note that is torn and does not contain twoPrivate Banka.......... 237 101 20,000,000 4,735.000 24,903.000 157,500,000
fifths of the face becomes void.
No t e .—The above figures are taken from the G overnm ent report.
IV. The note that is so badly stained that its
The re-discount of foreign and domestic bills is the
genuineness can not be determined is void.
chief business of the Bank of Japan. The interest
V. Every national bank must receive the notes in
charged by this bank is always lower than by the
accordance with these regulations.
others, but a loan from it is not so easily secured. No
The following gives the redemptions for 1888, 1889
matter who the person is the bank requires substantial
and 1890.
security.
1-Yen
5 - Yen 10 -Fen 100- Yen Value,
pieces. pieces. pieces, pieces. Yens.
The interest first charged by the Btnk of Japan was ,Tear.
qqd ( Changed at lull value. .11,725
1,880
1,08|
JO | 33,882
99
27
ten per cent, but in recent years the rate has ranged 18aB- i Changed at half v a lu e..
la s o 5 Changed at lu ll v a lu e ..22,915
2,640
1,161
12 | 49,672
3 ' >Changed at hall v a lu e ..
206
18
12
from six to seven per cent, while the country banks
2,610
is a n 5 Changed at lu ll v a lu e ..43,180
1,103
2 3 1 69,772
still exact from nine to fifteen per cent.
; Changed at half v a lu e..
289
15
6
The rates charged by the Bank of Japan daring the
B E VIEW
OF PRICES IN
MARCH—
seven years from 1881 to 1890 are shown in the sub­
STOCKS,
GOVERNMENT
BONDS
AND
joined.
1884.
H ighest interest............. 10
L ow est interest..............
8

1885. 1886. 1837. 1888. 1839. 1890.
11
10
7
7
645
7
5%
7
445 5i%oo 5*g
6*5

FO REIG N EXCHANGE.

The following table shows the highest and lowest
The relation of this bank to the others can perhaps prices of railway and miscellaneous stocks at the N. Y.
Stock Exchange during the month of March, 1893.
best be defined by saying that the Bank of Japan is a
R A IL R O A D AN D M ISCE LL AN EO U S STOCKS.
bank of the bankers. Most of the deposits are made
Loir. High *
R a ilr o a d s .
Low. High.
R a ilr o a d s .
7
Atchison Top. &S.Fe.
8%
30% 343g Norfolk & W estern...
by the Government and most of the loans are made to Atlantic
4
& Pacific___
Do
p ref..
3%
31% 32%
17%
Baltimore
&
O
h
io___
Northern
P
acific.......
15%
87
93ia
the banks.
44
Do Benef. Int.ctfs.
Do
p ref..
85
38
88%
Balt. & Ohio 8. W. pf.
Ohio & M ississippi...
6
21% 22%
5%
Having explained the relation between this bank Beech
43
C r e e k ............
43
92% 9 3 % Ohio Southern..........
Elevated.
72% 76
36
Oreg, Ry. & Nav.......
37
and the others, it will be interesting to note the steady -Brooklyn
Buff. Roch. & P ....... ,
3 2 ^ 34
Oreg. Sh. L. & U. N ..
20%
18
Peo. Decat. & E ’viile.
14
80
17
growth of the institution since its organization. The fol­ Do do p f....... 80
223s 28
Canadian Pacific.......
82ia 85ia Phila. & R e a d ..........
P. C. C. & St. L ..........
17% 19
lowing table shows the capital, surplus, deposits, loans Canada Southern....... 5214 56
57
Central of N. Jersey .. 114% 121
56
Do
p ref..
156
and dividends of the bank for each year from 1884 to Central Pacific........... 27
2 7 % Pittsb. Ft. W. & Chic. 156
Ches.«feO.,Vot.Tr.cert.
3 2% 3 9 %
22ia 25% Pitts. & W. pf. tr. rec.
1890 inclusive.
Rensselaer & Sara... 175% 175%
Chicago & A lton ....... 140
144
Years.
1884.
1885 ..
1 8 8 5 ..
1 8 8 7 ..
1888 ..
1889 .
1890.

Capital.
Yens.

Surplus.
Yens.

Deposits.
Yens.

Loans.
Yens.

s—Dividends— Chic. Burl. & Quincy L
Do
righ ts.
Govt. Stock.
Per ct. Pei•ct. Chic. & East 111.........

3,000,000
3,800 6,405,000 3,304.000
3
5,000,000
10,500 15,118,000 12,535,000
5%
5,000,000
372,700 32,890,000 21,036,000
6
5,000,000
445,700 31,822,000 30,734,000
8
10.000.
000 4,308,200 31,833,000 51,378,000 11%
10.000.
000 4,494,70 I26,237,000 49,142,000 13
10.000.
000 4,759,700 31,873,000 54,735,000 13%

5
9
10
10
11%
13
13%

In 1888 the new stock of five million yens was is­
sued. It was very favorably regarded in the market
and brought on the average one hundred and seventyfive per cent of its face. This large premium was
added to the surplus fund. In the first year of the
opening of the bank— 1882—there was not profit enough
to divide among the shareholders. It was in 1884 that
the bank made its first dividend. Then tne Govern­
ment received a smaller dividend than the stockholders
and'it received less also in the three succeeding years.
The Government accepted less, partly out of generosity
and partly in pursuance of its policy to improve the
position of the new institution.
We have already stated that the bank first issued its
notes in the year 1885. There are four denominations
o f the notes, namely, one yen, five yens, ten yens and
one hundred yens. The one-yen and five-yen notes,
being most convenient, circulate most largely. The
following table gives the exact amount of each of the
different notes in circulation for a series of years. The
table is quoted from “ Banking in Japan.”
Years.

1 Yen.

Yens.

5 Tens.

Yens.

1 8 8 6 . . . . ; ................... 1281.000
.........
1 8 8 7 ............................17,324,000
10,370,000
1 8 3 8 ............................ 32,378.000
8,921,000
1 8 8 9 ............................43,095 000
10,677,000
3 8 9 0 ......................
45,093,000 20,987,000

10 Yens.
Y en s.

2,820,000

100 Yens.

Yens.

853,000
1.234.000
10.705.000 1.448.000
10.771.000 1.225.000
11.456.000 1.571.000

10,1 2 0 ,0 0 0

The notes are printed in the Government printing
bouse, signed by the Governor and Manager of the
Vault and finally registered in the book by the Manager
o f the Record ; then they are ready for use.
The regulations for the redemption of the notes are :
I. T£e note that is simply stained is exchangeable
at the full value.

Do
p ref..
Chic. Mil. & St. Paul.
Do
p ref..
Chic. & N orthw est...
Do
p re f..
Chic. & R ock Isla n d ..
Chic. St. P. Minn. & O .
Do
p ref..
Cl. Cin. Chic. & St, L.
Do
pref
Cleve. & Pittsburg ..
Col. Hock. Val. & Tol.
Do
pref
Delaware & H udson.
Del. Lack. & Western
Den. & R io Grande...
Do
pref..........
Des Moines &Fc. D .
Do
p r e f.
*Dul. S. 8. & A t! . . . .
* Do
p e l..
E.Tenn.Va. <fe Ga. Ry.
Do
2d p re f.
Evansv. <Sr Terre H ..
Flint
Pere Marq ..
Great North’ n, p ref..
Gr. B. W.&ST.P.tr.rec.
Do pf. tr. rec___
Houston & Tex. Cen.
Illinois Central..........
Iowa Central............ .
Do
p ref..
Keokuk & D. M pref.
K>ngs. & Pern............
Lake Erie & West’n ..
Do
p ref..
Lake Shore.................
Long Island................
Louisville & Nashv..
Lou. Ev. & St. L .........
Louisv. N. Alb. & C h ..
Louisv. St. L. & T ex.
M ahoning Coal H R ..
Manhattan consol___
Mexican Central.......
Michigan Central___
Minneapolis & St. L . .
Do
p re f..
Mo. Kan. & T e x a s ...
Do
p r e f..........
Missouri Pacific.........
M obl'e& O ln o............
Morris & E ssex..........
Nash. Chatt. &St. L
N. Y. Cent. & Hud. E.
S’. Y. Chic. & St. Louis
Do
1st pref.
Do
2d pref.
N. Y . Lack. & W est..
N. Y. Lake Erie & W.
Do
pref.
N. Y. & N ew England
N. Y. N. H. & H .r t s ..
N. Y. & North, pref .
N. Y. Out. & W est....
*N.Y. P a.& O liio........
xDo
nref.
N. Y. Susq. & W est...
Do
p re f..

91%
•42ia
65%
93%
74ia
120%
109%
139
80%
5014
117
46%
x91%
156
25
69
125
137%
15
51
7%
23
10
24
3%
p
148
15%
135%
1 0 ‘s
21
6is
97%
8%
28
16
1C
21
75
124ia
107
72ia
24
21
21%
100
1563a
9%
103%
14
43
13%
22%
■18
30
150
85
103ia
16%
68%
34%
112
19
43%
21
16
22ia
16%
%
1

1618
65

96%
•75
67
103
78%
124
113i*
142
84%
55 %
119
52ia
9i
157ia
29ia
71
1301*2
147%
16%
15%
8%
24
123s
28
4%
9%
lo lia
18
141%
12 ia
25
-%
102
9^8
30
16
10
22%
78ia
129
10913
75%
27
24
21%
100
172%
IOI3

105
17%
145%
14%
25
56%
33%
163
88
109ia
18%
70
35
113
22ia
49%
34
20
30%
17%
%
1%
19%
72

Richmond Terminal.
Do
p ref..
B io Grande W est___
Do
p ref..
Rome Water & O gd ..
St. Jos. & Gr. Is'a d.
8 f. Lou. Alt. & T. H.
Do
p r e f..
St. Louis Soutliw.......
Do
p ref..
St. Paul Mina. & Man
St. Paul & Duluth —
Do
pref .
Southern Pacific Co .
Texas & Pacific.........
Tol. Ann A. & No M
Tol. <fe Olrio Cent. pf.
Union Pacific............
Union Pac. D. & G .
Wabash........................
Do
p r e f..
Wheel. & L. Erie.........
Do
pref.
Wisconsin Cent. C o..
E xpress,
Adams.........................
American....................
United States............
Wells, Fargo & Co___
C oal & M in in g .
American C oal_____
Col. C, & i. Develop..
Col Fuel <te Iron .. .
Do
pref .
Col. & Hock. C. & I ..
C msol dation Coal...
Homestake M iniug..
*Lehigh & W. B. Coal
Maryland C oal..........
Minnesota I r o n .......
New Central C oal___
Ontario Silver Min’g .
Pennsylvania C oal..
Q u icksilver...............
Do
p ie f..
Standard M ining—
Tenn. Coal & Iron___
Do
pref.

9
36
16
60
110%
9%
31
159
6
n%
114%
42%
104
31
8%
36%
78
35
13%
10
20%
15
57
12

10%
39%
22
61%
111%
9%
33
150%
7
13%
115%
45
106
33
9%
39%
78
38%
15%
11%
24%
19%
61%
13

160
155
116% 120
61
66
146% 149
90
19%
64%
105
15%
29
14%
25
22
64
9%
14%
300
2
12
1-50
25
100

94
23
70
108
20%
29
15
25
26
66%
9%
16
300
3
14
1*50
29%
100-

V a r io u s .

Am. Cotton Oil Co___
Do
p re f..
American Dist. T el..
'A m , Sugar Refin. Co.
*Do
p re f..
Amer. Tel. & C able...
*Amer. Tob. Co..........
Do
p r e f..
Brunsw ck C o...........
Chicago Gas (Jomp’y.
Chic. Junction R y ...
Cit’ns’ Gas o f B ’ klyn
Commercial C able...
Consolidated Gas Co.
Dis. & Cat. Feed. Co.
E<iison El. 111. C o.. ..
Equitable G as..........
General E lectric.......
Illinois Steel..............
Int Cond. & Iusul..
Laclede Gas, St. L . ..
Do
p r e f..
Manhattan B ea ch ...

46
51%
79
83%
54
56%
x92% 126%
x9 k 102
38% 90
90
107%
9 9 % 106
8%
8%
x81% 91%
99% 102
103
108%
185
135
120
132
30
37%
120
127
190
198
107%
93
64
63
64
65
29% 21%
70%
69
8
8%

A

THE CHRONICLE.

i , 1 8 9 3 .]

p r il

V a r io u s .

Low. High.

M i d i - P e n in s u la C a r .

9 8*4 1 0 0
97
a 8 ‘4
6 k *a
57*4
1 0 5 *4 i n
35
42 *4
9 H i
7 8*9
31**8
3458
2 0 7g 2 4 7g
90
82
8%
1 1 76
1 9 7e
I 9 78

Do
p re f.
N a t. C o rd , p e w o e rts .
Do
p r e f ..
‘ N a t io n a l L e a d C o . . .
*
Do
p r e l..
N a t io n a l L in s e e d . . .
N a t io n a l S t a r c h M fg .
Do
2d p re f .
N o r t h A m e r ic a n C o ..
O re g o n Im p ro v e m ’t . .

M arch

Low. High.

V a r io u s .
P a c i i i o M a i l ...........................
P h i l a d e l p h i a C o .............
• P i p e L i n e T r u s t .............
P u llm a n P a la c e C a r .
S il v e r B u llio n c e r t s ..
T e xas Pao. Lan d T r.
U . 3 . R u b b e r C o ...............
Do
p re f.
W e ste rn U n io n T e l . .
W e st. E le c , a s s e n t e d .

22 *a

NEW

2 o *4
15
6 8 7s

14^ 8
61 M
1901s
8 2 *g

Resources—

* U n lis t e d .

The range of Government bonds sold at the Stock Exchange
in March was as follows :
RANGE OP GOVERNMENT BONDS IN MARCH.
4*ss, 1 8 9 1 ,
Is , 1907,
r e p . , e x / .® 2 p.c.
re p .
O p e n i n g _____
*9 9 *a
111%
H i g h e s t ___ _
'9 9 * 3
1 1 2 *8
L o w e s t .............
*9 9 *a
111%
C l o s i n g ............
‘ 99*3
1 1 2 *8

cotip.

c. ’ 9 8 ,
reg.

1 1 2 *q
1 1 4 *n
1 1 2 *3
1 1 4 *3

1 1 3 *3
1 1 3 *a
H 3*a
1 1 3 *3

is , 1907,

8s,

*115
*1 1 5
*1 1 5
*1 1 5

The following highest and lowest prices are from actual
ales at the New York Stock Exchange:
T e n n . s e t t le m e n t 6 s .
Do
do
3sDo
do
s m a ll.

1 0 1 *a 1 0 1 *3
75*4
76=8
74
74

T otal.............................................................9103,609,917 9165,744,471 9107,282,422

L ia b ilities —

BANKERS’ STERLING EXCHANGE (POSTED RATES) FOR MARCH, 1 8 9 3 .

De­
mand.

60

Mar.

60

De­
mand.

1 ....

4 8 6 *a

3 ....

4 8 6 * 3 -7 4 8 8 * 2 - 9 1 5 . . . 8 5 * e - 6 * 2 ;8 7 * 3 - 8 * s
4 8 7 *s-8
4 b 6 *s-7 4 8 8 *5 -9 1 6 .. . 4 8 0
1 1 7 ... 4 8 5 * 8 - 6 4 8 7 * 2 - 8
.................8 .
4 8 8 -9
4 8 8 -*2
1 8 . . . 4 8 6 -*2
4 3 6 -7
4 8 7 - 8 ^ 1 9 . . . ................. s
2 0 ... 4 8 6 -*s
4 8 8 -*3
4 8 8 -*s
4 8 6 -*a
2 1 . . . 4 8 6 *2-7 4 8 8 *2-9
4 8 6- la 4 S 8 - * u
4 8 6-Lj 4 8 8 - * s
2 2 .. . 4 8 6 -*3
4 8 8 -*3
2 3 .. . 4 8 6 *3-7 4 8 8 *2 -9
4 8l> -*s 4 8 8 - * a
4 8 6 *2-7 4 8 8 *2-9

4,....
5— .
6 ....
f t ::::
9. . . .
1 0 ....
1 1 ....
1 3 ....

4 88 *a-9

days.

60

De­
mand.

4 8 6*2-7
................. 8 .
4 87
4 87
4 87
4 87
.............H .

4 88*3-9

Mar.

days.

1 3 .. . 8 5 *s-6 *a 87 *3-8 *0

2 5
26
2 7
2 8
2 9
3 0
3 1

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

days.

4
4
4
4

89
89
89
89

4
4
4
4

8 8 *3-9
89
87
89

Capital stock paid in....................................... 922.990,000 922,900,000 921,900,000
Surplus and undivided profits...................... 13,998,700
14.086,190
12.,514.741
Circulation outstanding.,
970.760
908,-00
779,705
3,703
Dividends unpaid.....................
32.177
4,228
09,552,835
Individual deposits................
75,329,920
.077,232
299,720
Other d e p o sits................. —
271,457
295,346
65,878,133
Due to banks and bankers....
52,216,421
,711,170
Other liabilities........................
Total.,

..9163.609,917 9165,744,471 1107,282,422
March 6,
Dec. 9,
March L
1893.
1892.
1892.
N um ber...........................................................
9
9
9
S T . L O U IS .

R es o u rces—

O p e n . 4 86*2
H lg ll.. 4 3 7
L o w .. 4 35 *2
Last
4 87

S to c k
.E x c h a n g e C l e a r i n g - H o u s e
T r a n s a c t i o n s , —The
subjoined statement includes the transactions o f the Stock
Exchange Clearing-House from March 20 down to and includ­
ing Friday, March 81; also the aggregates for May (from 17tb
to 81st), June, July, August, September, October. November
and December, 189.2, and January, February and March, 1893.

STOCK EXCHANGE CLEARING HOUSE TRANSACTIONS.

Shares, both sides. — » ,-------- Balances, one side.-------- . Sheets
Cleared. Total Value. Shares. Value Shares. Cash. Clear'd

-—

Month—

$

1892.

4 731,600
June........ 16,684,000
9,807,300
July.........
August.... 13,998,480
8ept......... 18.857,800
O ctober.. 20.726.300
November. 10,519,200
December. 25,221,100
1893.
January.. 28,544.500
February 25.108,900
M a rch ... 24,591,100

M a y ...............

256.200.000
1,041,048,200
699,313.200
977.583.000
1,268,000,000
1.358.733.000
1.113.800.000
1,758,000,000

445.000
1,598,750
1 ,12 0 ,1 0 0

1,657.400
2.055.800
2.325.800
1,831,500
2,687,300

2,084,709.000
1,744,400,000
1,690,000,000

— Shares,

both sides. — .
Cleared. Total Value.

M a i .2 0

It 2 1 . . 1 , 0 1 9 , 1 0 0

$

$

32,500,500
94.566,700
74,186,100
107,386,900
128,603.500
148.622.000
128.975.000
192.500.000

298,300
1,433,971
974,700
1,301,600
1,697,506
1.761.400
1,417,800
2.317.400

2.190
5.885
5.886
6,183
6,252
5,862
5,790
6,60.i

210.700.000 3,300.500
172.701.000 3,529,000
167.900.000 8,784,100

6.839
6,151
7,080

• Balances , one side.-------- - Sheets
Shares. Value Shares. Gash.Cleared.
$
9

*
.1 ,6 1 9 ,6 0 0 1 0 8 ,1 0 0 ,0 0 0

1 5 4 ,6 0 0

9 ,7 0 0 ,0 0 0

3 2 8 ,5 0 0

342

7 0 ,4 0 0 ,0 0 0

1 1 2 ,1 0 0

7 ,7 0 0 ,0 0 0

318
300

22. .

5 7 2 ,2 0 0

3 2 ,3 0 0 ,0 0 0

5 9 ,9 0 0

3 ,9 0 0 ,0 0 0

222,100
47,000

23. .

6 9 3 ,0 0 0

4 4 ,2 0 0 , 0 0 0

7 2 ,0 0 0

4 ,6 0 0 ,0 0 0

6 1 ,6 0 0

24. .

9 4 0 ,2 0 0

6 8 ,3 0 0 ,0 0 0

9 8 ,2 0 0

7 ,0 0 0 ,0 0 0

8 4 ,1 0 0

320

T o t . w k .4 ,8 4 4 ,1 0 0 3 2 3 ,3 0 0 ,0 0 0

4 9 6 ,8 0 0

3 2 ,9 0 0 ,0 0 0

7 4 3 ,3 0 0

1 ,5 7 0

tt
It

290

Loans & discounts, including overdi-afts.. 132,389,183
3tocks, bonds, &c .........................................
2,4 84,161
4,803.340
Due from banks and bankers......................
871,844
Banking house, furniture and fixtures....
Other real estate
....................................
17-*,048
Gold coin and certificates...........................
2,877,315
Silver coin and certificates.........................
1,941,109
Legal tender notes and certif’s o f deposit.
1;934.09O
Bills o f other banks......................................
178,299
Exchanges for Clearing-House.................
1,518,238
Current expenses and taxes p aid ..............
54,681
75,300
Premiums on U. S. bonds............................
Other resources............................................
210,578

131,186,433
2.593.791
4,848,024
878,308
175.048
2,066,091
1,340,390
1,709,550
172,953
1,044.121
18,940
85,300
208,874

$28,409,705
2,949.510
5.007.373
870,150
183.922
3.090,987
2,157.082
2,320,330
283,018
1,230,899
97.341
94.125
152,800

$49,541,646

$47,527,829

$47,519,091

$10,700,000
, 2.707,215
405.000
19,502
20,216,604
240.000
15.000.257
187,008

$10,700,000
2,028.355
402.950
11,828
20.996.288
240.000
12,076.408
572.000

$10,700,000
2,428,418
405.000
36.175
18,621,664
250.000
15,083,837

$49,541,046

$47,527,829
Dec. 9,
1392.
22

$47,519,094
March 1.
1892.
22

$31,592,802
3,387.953
3.787.047
2.894,671
1,811,231
267.370
2,001.654
989.861
2,994,316
120.703
1,739.420
232,0*0
77,149
139,317

$29,590,403
2 .8 ‘1 ,9 1 8
4,3 5 9,0 78
2 ,021,094
1,299.833
2 73 ,10 0
2.465,924
913,012
3,5 0 1,4 88
1 53,510
2,133,034
120,301
8 8.2 70
175,241

$50,028,552

$49,990,367

$13,243,260
5,980.161
1,102,255
51.847
24,820.269

$13,243,260
5,5 4 0,2 59
1.051,760
53.657
24,143,891

5,258,548
99

5 ,740,846

M a rc h 6,

D e c . 9,

1893.

1892.

M a rch 1

T o t a l .............................................................
L ia b ilities —

Capital stock paid in ..................
Surplus and undivided profits.
Circuiation outstanding...........
Dividends unpaid......................
Individual deposits...................
Other deposits.............................
Due to banks and bankers........
Notes and bills payable...........
Total .

March 0.
B A L T IM O R E .

Number......................

1893.
22

R esou rces—
L o a n s a n d d is c o u n t s , in c h o v e r d r a f t s ........ $32,590,018
3,424.799
D u e fr o m r e s e r v e a g e n t s .....................................
2,424,354
D u e fr o m b a n k s a n d b a n k e r s .........................
2,045.584
B a n k in g h o u s e , fu r n it u r e a n d f i x t u r e s . . . .
1,350.038
O t h e r re a l e s t a t e a n d m o r t g a g e s o w n e d . . .
205,952
G o ld c o i n a n d c e r t ifi c a t e s ...................................
2,112,079
S ilv e r c o in a n d c e r t i f i c a t e s ...............................
755,189
L e g a l t e n d e r n o t e s a n d c e r t ’f s o f d e p o s i t .
1,429.509
B ills o f o t h e r b a n k s ..............................................
141,538
E x c h a n g e s f o r C l e a r in g -H o u s e .......................
1,454,497
C u r r e n t e x p e n s e s a n d t a x e s p a i d .................
120,310
P r e m iu m s o n U . S. b o n d s ...................................
72,270
O th e r r e s o u r c e s ........................................................
120.439
T o t a l ...................................................................... $48,319,434

L ia b ilitie s —

M a r ,2 7 . .1 ,4 2 9 ,8 0 0
2 8 . . 7 8 3 ,2 0 0

ft
"
It

949,650,000 949.800,000
58.499.800 55,429,682
5 895,248
5,718.468
146,205
J97.477
284,145,410 301,112,078
989,109
1.640.410
189,690,030 248,030,275
...........
6,433

Resources—

The daily posted rates for 60 days and demand sterling
exchange in March are given below, it being understood
that bankers’ actual rates are usually a fraction below the
prices posted.
Mar.

$49,0*0.0:0
58.287.303
0.031,558
175,023
28-4,898,089
86*,355
193,417,619
...........

Loans and discounts, including overdrafts.$100,414,204 997,956,714 992,243,773
Stocks, bonds, &c..............................................
8,284,079
8,311,5W7
0,6('5,717
Due from banks and bankers......................... 17,013,622
19,206,492
25,889.043
Banking house, furniture and fixtures........
870.34 L
839.764
689,630
Other real estate and mortgages owned—
490,903
450,037
238,332
Gold coin and certificates.............................. 20,218.020
20.181,453
18,795,484
Silver coin and certificates............................
2,204,347
2,012,440
2,379,600
Legal tender notes and certifi’s o f deposit.. 5,820,559
7,960.824
11,455,001
Bills o f other -banks......................................
701,225
1,030,352
1,728,500
Exchanges for Clearing-House.....................
6,363,265
7,109.941
0,703,014
Current expenses and taxes paid.................
2* 2,566
255.392
117,405
Premiums on U. S. bonds..............................
90.919
100,104
111,209
Other resources................................................
268,067
281,3t8
204.088

Low. High.

101
1 0 2 *3
104=8 1 0 5
9 4 *3
90
127
127
93
98

1892.
49

C H IC A G O .

RANGE OP STATE BONDS IN MARCH.
A l a b a m a C l a s s A _____
C l a s s B ....................................
L o u is ia n a c o n s o l. 4 s .
N o . C a r ., 1 9 1 9 , 6 r . . .
Do
do
4 s.

March 1.

T otal............................................................9593,323,947 9589.021,852 $061,840,729
March 0,
Dec. 9,
March 1.
1893.
1892.
1893.
23
23
22
Number................... ................................

* P r i c e s b id — n o s a le s d u r in g t h e m o u t h .

Low. High.

9,
1892.
48

D ec.

T o ta l........................................................... $593,323,947 9589,021,852 9061,840,729

Liabilities—

Capital Btock paid in............................
Surplus and undivided profits......................
Circulation outstanding.................................
Dividends unpaid............................................
Individual d e p o sits........................................
Other d ep osits............. .................................
Due to banks and bankers .......
Other liabilities...............................................

c. ' 9 9 .
reg

6 s,

0,

Loans and discounts, Including overdrafts.9323.445,101 9323.790,795 9303.926,914
30,362,: 54
Stocks, bonds, &c...........................
3*i.053,5*<7
10,4 09,0kO
Duo from banks and bankers......................... 32,332.983 42,334.727
29.204.028
11.410,726
Bank’gbouse,fu rniture and fixtures. 11.30J.400
10,990.:-81
990.988
Other real estate aud mortgages owned—
992,491
1.325,585
00.791,500
Gold coin and certificates.................... 57,176,972
82.003,060
4,963.521
Silver coin and certificates. -.....................
4,400,168
0,218.080
31.107.687
Legal tender notes and cert’fs o f d ep osit.. 32,937,810
40.309.253
1.457.205
Bills o f other banks. ......................................
1,054,198
1,221.633
Exchanges for Clearing H ouse..................... 85.931 ,«23
69,831,090
80,005.861
1,856,742
Current expenses aud taxes p a id .....
772,038
818,460
586,250
Premium on U. S. bonds................... .. . . ..
615.306
638,812
3,517.861
Other resources.....................................
3,017,348
3,722,610

83 *8
13%
5 8 hi
99
S 6 78
68

12

1893.
48

Y O R K C IT Y .

Number....................................................

197 34

42
93
92*9
68

625

9 5 ,2 0 0 ,0 0 0

1 4 2 ,5 0 0

9 ,4 0 0 ,0 0 0

1 8 9 ,0 0 0

334

5 0 ,2 0 0 ,0 0 0

9 6 ,9 0 0

5 ,9 0 0 ,0 0 0

7 8 ,2 0 0

310

29..

6 7 2 ,2 0 0

4 2 ,2 0 0 ,0 0 0

9 5 ,8 0 0

5 ,6 0 0 ,0 0 0

5 4 ,9 0 0

294

30. .

8 7 4 ,1 0 0

4 8 ,1 0 0 ,0 0 0

1 0 7 ,7 0 0

5 ,9 0 0 ,0 0 0

1 4 9 ,1 0 0

312

C a p ita l s t o c k p a id i n .............. ............................. $13,243,260
S u rp lu s a u d u n d iv id e d p r o fi t s .........................
5,803.813
C ir c u la tio n o u t s t a n d i n g .....................................
1,097,919
D iv id e n d s u n p a id ....................................................
00,170
I n d iv id u a l d e p o s i t s ....................... .......................
22,521,7*0
O t h e r d e p o s it s
...........................................
101,430
D u e t o b a n k s a n d b a n k e r s ................... ..........
5,251,110
O t h e r li a b i li t ie s ........................................................
130.000

31

$48,319,434
T o t . w k . . 3 ,7 5 9 ,3 0 0 2 3 5 ,7 0 0 ,0 0 0

4 4 2 ,9 0 0

2 6 ,8 0 0 ,0 0 0

4 3 1 ,2 0 0

1 ,2 5 0

The stocks cleared now are American Sugar common,
Atchison, Chicago Burlington & Quincy, Chicago Gas, Chi­
cago Milwaukee & St. Paul common, Chicago Rock Island
& Pacific, Distilling & Cattle Feeding, Louisville & Nashville,
Missouri Pacific, New York & New England, New York Lake
Erie & Western, Northern Pacific preferred, National Lead
common, Philadelphia & Reading, Union Pacific and Western
Union.
C
S

t

.

o n d it io n

L

o u is

,

o f

B

N

B

a t io n a l

a l t im o r e

,

D

a n k s

e t r o it

in

,

S

N

e w

t

.

P

Y

o r k

,

C

h ic a g o

,

,

M

in n e a p o

­

a u l

a n d
S t . J o s e p h . —Mr. A . P . Hepburn, Comptroller o f t h e
Currency, has furnished us this week abstracts of the condi­
tion of the national banks in a number of important cities at
the close of business on Monday, March 6. From them and
from previous reports we have prepared the following, which
covers the results for March 6, 1893, and December 9, 1892,
and for purposes of comparison the figures for last year
(March 1) are given :
l is

D E T R O IT .
N u m b e r ....................................................

1892.

R esou rces—

L o a n s a n d d is c o u n t s , in c lu d in g o v e r d r a f t s
S to ck s , b o n d s , & c .....................................................
D u e fr o m r e s e r v e a g e n t s .....................................
D u e fr o m b a n k s a n d b a n k e r s ...........................
B a n k in g h o u s e , fu r n it u r e a n d f i x t u r e s . . . .
O th e r rea l e s t a t e a n d m o r t g a g e s o w n e d . . .
G o ld c o i n a n d c e r t ific a t e s ....................................
s i l v e r c o i n a n d c e r t ifi c a t e s .................................
L e g a l t e n d e r n o t e s a n d c e r t ifl. o f d e p o s it ..
B ills o f o t h e r b a n k s ................................................
E x c h a n g e s f o r C le a r in g -H o u s e .......................
C u r re n t e x p e n s e s a n d t a x e s p a i d ............ ,
P r e m iu m s o n U n it e d S t a te s b o n d s ..............
O t h e r r e s o u r c e s ........................................................
T o t a l . ......................................................

$17,048,345
1 815,285
2,035 348
1,004,686
10,803
92,722
995,100
167,008
982.7*9
110,380
3W .101
37,498
220,500
1 4 3 , 0 ■8

$18.145,704
1.836,285
2,73 $.191
1.373,840
16,804
105,215
939,233
182.839
927.055
123,26 4
332,868
00.103
214,000
123,470

$10,347,170
9 33,433
3 ,343,535
1,465,273
118.424
1 80,105
8 62.898
2 20,520
1,1 5 0,3 51
151,692
3 16 ,47 9
33,4 03
1 00 ,50 0
8 9 ,6 2 0

$25,579,853

$27,112,871

C a p ita l s t o c k p a id i n ................................ ...........
S u rp lu s a u d u n d iv id e d p r o fit s ...................... .
C ir c u la t io n o u t s t a n d i n g ....................................
D iv id e n d s u n p a i d ........................................... . . .
I n d iv id u a l d e p o s it s ...............................................
O t h e r d e p o s it s .......................................................
D u e t o b a n k s a n d b a n k e r s ................................
O t h e r li a b i li t ie s ......................................................

$4,400,000
1,211,285
1,282,210
325
10,682.858
i 08.677
7,398.923
335,575

$1,400,000
1.287,122
760,140
37
11,026.849
250,330
8 ,6 0 9.5 t8
7 7 8 ,8 m

$4,4 00 ,00 0
1 ,128,974
3 02,070
135
10,602,400
3 9 0 ,5 0 7
8,4 2 7,2 53

T o t a l ......................................................................

125,579,853

$27,112,871

$ 25,317,399

L ia b ilitie s —

THE CHRONICLE.

526
M a rch

1893.
6

ST. PAU L.
N u m b e r ...............
R eso u rces—

6,

9,
1882.
5

D ec.

M a rch

1882
5

1,

$14,895,795 $15,406,365 $13,210,006
1,334,020
1.266,170
1,333.581
2,985,301
1,246,551
1,172,771
683,970
862,007
624,911
Due from banks and bankers ....................
831.991
842,091
827,564
Banking house, furniture and fixtures —
227,433
249,317
280,587
Other real estate and mortgages ow n ed...
1,815,974
1,872,277
2,070,318
113,230
185,697
89,516
Silver coin and certificates.........................
156,503
358,429
191,515
Legal tender notes and cert’fs o f deposit..
48,148
73,237
38,082
Bills o f other banks.......................................
359,544
397,463
874,302
Exchanges for Clearing-House...................
49,637
56,620
57,581
Current expenses and taxes paid..............
54,712
51,730
47,244
Premiums on U. S. bonds.........................
72,432
105,145
112,347
Other resources.............................................
$22,106,174 $22,973,099 $21,942,901

Circulation outstanding..
Dividends unpaid...........
Other deposits......................
Due to banks and bankers..
Other liabilities...................

. $4,800,000
2,586,716
266,020
2,733
9,908,618
455,411
8,535,676
551,000

$4,800,000
2,742,209
269,220
3,810
10,539,995
467,851
4,146,924
5,000

$4,800,000
2,373,580
254,790
3,133
9,337,863
463,554
4,709,981

$22,108,174 $22,973,099 $21,942,901
M a rch 1.
M a r c h 6,
D ec . 9,
1892,
1892.
1893.
6
7

M IN N E A P O L IS .

Number.................................................

Loans^and5discounts, including overdrafts... $13,848,462 $14,162,340 $11,681,940
404,995
830,805
Stocks, bonds, &c....................................
? ? ? '§ S
1,687,299
3,036,852
Due from reserve agents...................................
1,114,625
845,780
1,064,101
Due from banks and bankers............................
733, / 71
261,640
560.649
Bank'g house, furniture and fixtures..............
264.2o8
358,231
130,052
Other real estate and mortgages owned........
200,705
681,035
759,285
Gold coin and certificates.................................
955,189
94,882
123,207
Silver coin and certificates..............................
93,825
782,517
£61,401
Legal tender notes and certificates o f deposit..
431,237
77,467
166,142
127,602
BiPs o f other banks...................................
644,713
552,657
449.078
Exchanges fo r Clearing H ouse........
62.160
70,920
88.369
< urrent expenses and taxes paid .
42,375
35,750
37,625
Premiums on United States bonds
65,360
52.0U4
37,496
Other resources..................................
$18,717,079 $20,130,309 $17,644,742

T otal. . .
L ia b ilities —

...

Circulation outstanding..
Dividends unpaid.............
Other d ep osits....................
Due to banks and bankers.
Other liabilities....................

...

$5,450,000
1,386,274
283,767
2,«03

$5,450,000
1,548,527
28S.727
505
8,999,857
39,677
2,801,903
2,358,568
1,001,113

$4,500,000
1,237,752
253,120
782
8,734,689
50,134
2,799.235
69,030

T otal.......................................................... ... $18,717,079 $20,130,309 $17,644,742
M a r c h 6,
D ec . 9,
M a rch 1,
1892.
3892.
1893,
4
4
4
N umber.......... ..............................................
S T . JO S E P H .

l b s o u r c es —]

Loans and discounts, includ’g overdrafts. .
Stocks, bonds, <Sc..........................................
Due from reserve agents..............................
Due from banks and bankers......................
Banking bouse, furniture and fixtures —
Other real estate and mortgages ow n ed..
Gold coin and certificates............................
Silver coin and certificates .. ...................
Decal tender notes and certlf’s o f deposit.
Bills or other banks .. ............................... .
Exchanges for Clearing House...................
■Current expenses and taxes paid..............
Premiums on U. 8. bonds............................
Other resources.............................................

$5,683,962
524,423
641,358
595,565
126.850
4,890
189,638
151.231
287,080
25,920
98.27L
10,097
1^,500
;il9,414

$5,7 06,908
476,649
513,455
409,511
128,350
9,923
227,630
111,085
276,886
30,295
83,869
18,742
15,500
103,286

$5,114,818
443. J65
800,088
700,294
129 2IS
6.025
176.066
83,806
285,262
39,; 65
134,923
9,580
32,253
73,165

.

Liabilities—
Surplus and undivided profits .
Circulation outstanding ........ .
Dividends unpaid .....................
•Other deposits..
Notes and bills payable . .

$8,471,809

$8,112,089

$8,034,088

$2,000,000
276,994
270,000
558
.
3.674,158
44,690
.
2,095,114
110,297

$2,000,000
326,387
269,000
56
3,734,107
44,034
1,597,245
141,260

$2,000,000
268,214
270,000
431
3,422,3 8
49,519
2,023,546

.

$8,112,089

$8,034,088

.

$8,471,809

gftatt etaugf (Summerctal grtglislx fj$e»i
[ F r o m o u r o w n c o r r e s p o n d e n t .]
L o n d o n , Saturday, March 18, 1893.
At the fortnightly settlement on the Stock Exchange, which
began on Monday morning, money was in better demand
than it has been for some time past. It was found that the
“ bear” account, which has been so long open, had been
nearly closed, and that a considerable increase in the “ bull”
speculation had taken place. The revenue is being collected
in very large amounts, and is transferring considerable sums
rom the open market to the Bank of England. Further, al­
though there is less expectation than there was of the issue of
United States Government bonds in London, uncertainty on
the point continues, and therefore bankers are not as willing
as they were to work cheaply. The withdrawals from the
French savings banks also continue. The French Govern,
ment has recently reduced the rate allowed upon savings
banks deposits. That may account to a considerable extent
for the withdrawals ; but naturally there is a fear that the
Fanama scandals may have rendered depositors apprehensive.
Lastly, the banking crisis in Australia has again become
acute. For fully two years British depositors have been with­
drawing their money from the Australasian banks, and after
a while the withdrawals in Australia also became very large,
with the result that about 25 banks, mortgage companies and
financial institutions of various kinds have had to suspend.
About a month ago the withdrawals from four banks in Mel­
bourne ag^n became serious and this week an actual run
began. The Government communicated with the associated

[V

ol.

L T I.

banks in Melbourne with the result that the banks agreed to
assist one another, the Government undertaking to render
what help it could. The combination has undoubtedly caused
an improved feeling, and the hope now is that the run will
soon end and that confidence will slowly return.
The silver market has been less active this week, with a
downward tendency. The Indian demand is not as strong as
it was since merchandise exports from India have somewhat
fallen off. On Wednesday the India Council refused to sell
its bills and telegraphic transfers below Is. 2%d. per rupee,
and consequently was unable to dispose of the whole amount
offered for tender.
On the Stock Exchange business is exceedingly quiet. The
public is holding aloof altogether from the American depart­
ment, but professional operators look more favorably upon it
than they did. After so heavy a fall in several securities
they are expecting a recovery, and therefore if any disposi­
tion were shown in New York to support] the market, they
would buy to some extent. But the general public is quite
discouraged and is not likely to enter the market for some
time to come. Colonial securities, too, are rather out of
favor; especially is there a good deal of apprehension respect­
ing Australian banks and financial institutions. On the other
hand, there has been a considerable rise during the week in
South American securities, particularly Argentine. There
are rumors that an earnest effort is at length about to be
made to settle the Argentine national debt, though nothing
definite has yet been decided. A plan, too, has been sub­
mitted to the boards of the guaranteed railway companies
which possibly may serve as a basis for negotiation with the
Government. The Government has been making difficulties
for a considerable time past as to paying the guaranties, be­
cause it contends that the companies are bound to hand over
to it every half-year from 45 to 50 per cent of the gross re­
ceipts. The companies maintain, on the contrary, that their
debt to the Government does not become due until the guar­
anties end. The plan now proposed is that the Government
should give to the companies Government bonds bearing
either 4 or 4 ^ per cent interest, running for 40 or 50 years;
that the companies should undertake to pay into some insti­
tution agreed upon such a proportion of their gross receipts
as would provide the interest on these bonds and a sinking fund
sufficient to redeem them in the 40 or 50 years; in return the
companies to be allowed to raise their rates and fares. In
this way the liability of the Government would completely
cease and the companies would obtain new revenue to dis­
charge the liability they undertook. The proposal does not
come from the Government. If approved by the companies
it will be submitted to the Government, and hopes are enter­
tained that in some way or other it may serve as a basis for a
settlement.
Although trade is very depressed and there is little prob­
ability of an early recovery, there has been a good deal of
buying of British railway stocks this week, resulting in a
general rise. The Continental bourses are fairly steady.
There is a very sanguine spirit indeed in Vienna, where
operators have been encouraged by the great success o f the
recent gold loan, and the hopefulness in Austria has extended
to Germany. In France the Panama trial has rather checked
business, and the new bourse-tax is also a discouraging enter­
prise. But there has been no decline worth speaking of.
At the half-yearly shareholders’ meeting of the Bank of
England on Thursday, the Governor stated that the liquidation
of the Baring estate had proceeded more slowly during the
past six months than previously, but that still securities
yielding over £600,000 had been realized upon, and that thus the
liabilities of the estate had been reduced to about 4)£ millions
sterling, almost the whole being due to the Bank of England.
At the quotations of the first of this month, where quotations
can be obtained, and taking very low values where they can­
not, it is now estimated that the assets show a surplus of
about £350,000. But the Governor admitted that the surplus
cannot be realized unless the assets are nursed. He an­
nounced that the guarantees have been renewed for a year
certain from November next, and that the Bank has authority
to extend them for a further year if deemed expedient.
Within the two years it is hoped that great progress will ba
made with the liquidation, but it cannot be completed even
then. Among the assets are large amounts of stock of the
Manchester ship canal, the Buenos Ayres drainage and water­
works, and the national banks of Argentina and Uruguay, and.

A

p r il

527

THE CHRONICLE.

1 , 1863. j

it is very unlikely that these stocks can be realized upon
within two or three years.
The fears of serious strikes have now nearly all been dis­
sipated, and the process of reducing wages is going on quietly
all over the country. In the iron and steel trades, more par­
ticularly, reductions are being agreed to amicably.
While members of the Stock Exchange are complaining
loudly of the absence of business, there is much more inclina­
tion than there has been since the Baring crisis to bring out
new issues of securities. Just before the crisis it was prac­
tically arranged that the Egyptian Domains loan should be
converted. It bears interest at the rate of 5 per cent, and the
credit of Egypt is good enough to borrow at 4 per cent or a
little under. Indeed, Egyptian unified bond3, which rank
after all the other debt of the country, have been slightly over
par this week, though they bear only 4 per cent interest. On
account of the crii-ia the conversion was postponed, but it is
now to be carried out. The Messrs. Rothschild will conduct
the operation. They brought out the Domains loan and they
are contending for the interests of the bondholders. Clearly,
conversion could be effected at par if the new bonds were to
bear 4 per cent. The Messrs. Rothschild are insisting upon
4M per cent, and that even so the conversion should be at
par. The Messrs. Rothschild are also considering a proposal
to bring out a Brazilian railway loan for 4 millions sterling.
The loan is to be guaranteed, principal and interest, by the
Brazilian Government,without any condition, and is intended
to complete an important railway in the second richest prov­
ince of the Brazilian Republic. A second instilment of the
Austrian gold loan will be arranged for very shortly, but it is
now thought probable that there will be no regular public
issue. The demand for the first instalment was so great that
the bankers think they will be able to sell thi bonds over the
counter without expense or trouble.
Messrs. Pixley & Abell write as follows under date of
March 16:
G o ld — S in c e t h e b e g in n in g o f th e w e e k t h e d e m a n d f o r g o ld h a s
a g a in g r e a t ly in c r e a s e d , a n d a v a ila b le p a r c e ls h a v e r e a liz e d g o o d
p r ic e s . T h e B a n k h a s r e c e iv e d £ 7 9 ,0 0 0 . A r r i v a l s :
A u s t r a l i a , £ 1 0 ,0 0 0 ; C h in a . S S I , 0 0 0 ; N a t a l, £ 5 3 ,0 0 0 ; N e w Y o r k . £ 6 ,0 0 0 ; t o t a l,
£ 1 0 0 ,0 0 0 . S h ip m e n t s to B o m b a y , M a r c h 1 0 , £ 3 ,3 8 3 .
S i l v e r — A s l ig h t im p r o v e m e n t t o o k p la c e i n s i l v e r a t t h e c lo s e o f t h e
w e e k , b a t w it h r a t h e r lo w e r r a t e s f r o m In d ia , t h i s h a s s in c e b e e n lo s t ,
a n d t h e m a r k e t is n o tv 3 S 3 l f d . A r r iv a ls :
N e w Y o r k , £ 5 4 ,0 0 0 ; A u s ­
t r a l i a , £ 7 ,0 0 0 . S h ip m e n t s to B o m b a y , M a r c h 1 0 , £ 9 1 ,4 9 5 .

B u x lla h F i n a n c i a l lTIar&et*—P e r C a b le .

The daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending M ir. 31 :
L ondon.

S a t.

l i l v e r , p e r o z ............................. d
0 o n B o l9 ,n e w ,2 % p e r c t s .
do
l o r a e c o u u t ...............
F r ’eh re n te s (In P a r is ) f r .
CT. 8 . 4 a O f 1 9 0 7 ........................
C a n a d i a n P a c i f i c .....................
O h io . M i l . & S t . P a u l . . . .
I l l i n o i s C e n t r a l ...........................
L a k e S h o r e .......................................
L o u is v ille & N a s h v ille ..
M e x i c a n C e n t r a l 4 s ............
Sf. Y . C e n t r a l & H u d s o n .
» , Y . L a k e E r i e & W e s t ’n
do
2 d o o n s ....................
N o r f o l k * W e s t e r n ,p r e f .
N o rth e rn P a c if lo p r e f ...
P e n n s y l v a n i a ................................
P h ila d e lp h ia & H e a d in g .
U n i o n P a c i f i c ................................
V a b a s h p i e f .................................

M on.

3 7 1 3 16
0 8 1 16
9730

37 %
9 8 1 16
9 8 3 ,, .
9717%
80%

85%
80%
1 0 1 *4
1 3 0 ia
75%
04
109^4
2 1 *s

9914
32%
42%
5 5*4
1 2 34
38%
22%

80%
102
131
76%
63%
110
22
99 :%
32%
43%
55
12 %
38%
22%

lu e s.

W ed.

T h u r s.

38
98%
9 8 *1a
9 7 -3 0

38%
9 8 ',«
9->%
96 95

9 S**
9 6 -8 2 %

85%
60%
102%
131
70
64
110%
2 1%
99%
33%
43%
55%
12%
39%
22%

86
85 *6
x 78%
79
102%
103%
13H *
131%
7 6 *8
7 5 /58
64%
64%
x 100% 109%
21 %
22%
99%
99 %
33 %
33 %
43 %
44%
55 %
55 *4
1 2 *$
12 %
38
38%
22%
23

Iri

38%
•
•

PH
O
£
te

iom nxevctal and m isce lla n e o u s H e w s
Imports and Exports for the W eek .—The following are
the imports at New York for the week ending for dry good*
March 23 and for the week ending for general merchandise
March 24; also totals since the beginning of the first week in
January.
t o r s io n im p o r t s a t n e w t o r e .

For Week.

1890.

try

1891.

[

G o o d s .............
le n ’ l m e r ’d is e .

$ 2 ,0 9 8 ,0 5 3
6 ,7 1 3 ,5 5 7

$ 2 ,7 8 6 ,S 7 8 |
‘ 8 ,0 7 0 ,1 1 1 !

$ 8 ,8 1 1 , 6 1 0

Since Jan. 1 .
> r y G o o d s ............
4© n’ l m e r ’d i s e .

$ 4 2 ,5 2 1 ,7 6 8
7 7 ,6 3 1 , 5 0 6

1892.

1893.

$ 1 ,9 3 3 ,0 2 5
7 ,7 1 5 ,4 6 7

$ 3 ,5 9 1 ,5 7 1
1 1 ,7 6 3 ,0 4 0

$ 1 0 ,9 5 8 ,9 7 9 .

$ 9 ,6 4 8 ,4 9 2

$ 1 5 ,3 5 4 ,0 2 0

$ 3 6 ,6 2 0 ,4 9 8 !
9 1 ,3 2 2 ,0 2 2 !

$ 3 4 ,6 1 2 ,2 9 4
9 7 ,2 2 7 ,2 6 4

$ 4 2 ,8 1 6 ,5 6 6
1 1 6 ,8 6 1 ,6 7 0

C o ta l 1 2 w e e k s . $ 1 2 0 ,1 5 3 ,2 7 4 $ 1 2 7 ,9 4 2 ,5 2 0 $ 1 3 1 ,8 3 9 ,5 5 8 $ 1 5 9 ,6 7 8 ,2 3 6

The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
ineeie) from the port of New York to foreign ports for t ie
week ending March 28 and from January 1 to date :
EXPORTS PROM

NEW

1890.

TORE

FOR THE

1891.

W EBE.

1892.

1893.

P o r t h e w e e k .,
’ re v . re p o rte d .

$ 5 ,9 7 1 ,8 7 3
7 7 ,7 7 9 ,2 1 9

$ 8 ,5 1 1 ,7 4 5
7 4 ,1 2 7 ,9 6 1

$ 7 ,0 7 8 ,7 8 5
9 1 ,0 4 3 ,1 9 6

$ 7 ,4 6 3 ,0 0 7
7 0 ,0 2 3 ,4 3 4

T o ta l 1 2 w e e k s.

$ 8 3 ,7 5 1 ,0 9 2

$ 8 2 ,6 3 9 ,7 6 9

$ 9 8 ,1 2 1 , 9 8 1

$ 7 7 ,4 8 6 ,4 4 1

M e x ic a n D o l l a r s — T h e s e c o in h a v e c lo s e ly f o llo w e d s i l v e r , b u t a r e in
r a t h e r b e t t e r d e m a n d t h a n b a r s . A r r i v a l s f r o m N e w Y o r k , £ 6 ,0 0 0 .
S h ip m e n t s t o B o m b a y , M a r c h 1 0 , £ 2 1 ,8 0 0 .

The following table shows the exports and imports of speci e
U the port of New York for the week ending March 23 and
The following return shows the position of the Bank cf since Jan. 1, 1893, and for the corresponding periods in 1812
England, the Bank rate of discount, the price o f consols, &c. ) and 1891:
E X P O R T S A N D IM P O R T S O F S P E C IE A T N E W T O R E .
compared with the last three years :
18!<8.
15.

M ar.
£

1592.
M a r 18.
£

1881.
18.

M ar.
£

18! 0.
19.

M ar
£

C ircu la tion .................................... 24,4:8.380 24.651,420
23 804,210 23.1 IS 475
P ublic deposits...............................
0,107,725 10,575,235
12,929,771 10..|?0,S01
Other d e p osits...... ..................... 27,716,147 27,539,971
20.060,213 23,285,787
Government securities................ 10,914.S7t 10,785,124
11,339,231 13,795.015
Other securities............................. 25,577,706 28,377,655
33,237,592 20,967,729
Reserve .......................................... 19,138,111 17,416,619
10.117,085 17,407 019
Coin and bullion............................ 27,186,431 25,621,039
23,471,295 24,105,524
Prop, assets to liabilities,per ct.
61 3-16
45hj
38 3-16
Bank rate.......................... per ct.
3
3
4
Consols 2M per cent...................
98%
95%
93 11-16
97 1-16
Clearing-House returns........... 110,711,000 142,032,0(0 153,359,000 165.216,000

The following shows the imports o f cereal produce into the
United Kingdom during the first twenty-eight weeks o f the
season compared with previous seasons :
IMPORTS.
1 8 9 2 -9 3.
Im p o r t s o f w h e a t .o w t .3 4 ,3 7 1 ,0 8 3
B a r l e y ............................................ 1 0 , 2 3 4 , 1 3 3
O a t s ...................................................
6 ,6 5 8 ,5 6 5
P e a s ................................................... 1 , 3 5 1 , 8 0 5
B e a n e .............................................. 2 , 4 6 1 , 2 9 8
I n d i a n o o m ........................... 1 5 , 6 5 1 , 8 6 3
• f o u r ............................................... 1 1 , 4 7 9 , 3 3 9

1 8 9 1 -9 2 .
3 9 ,1 7 8 ,1 7 5
1 2 ,6 1 8 ,3 8 7
7 ,7 8 0 ,1 1 7
1 ,7 9 9 ,7 7 0
2 ,0 4 3 ,3 4 2
1 3 ,7 5 4 ,4 1 2
1 0 ,2 0 5 ,0 8 3

1 8 9 0 -9 1.
2 9 ,7 1 7 ,7 1 8
1 2 ,6 7 3 ,7 5 3
7 ,0 7 8 ,3 8 2
1 ,0 7 6 ,5 0 2
1 ,7 8 7 ,4 5 6
1 4 ,4 3 2 ,7 9 5
8 ,3 0 0 ,2 8 7

1 8 8 9 -9 0
2 3 ,7 1 5 ,6 9 6
1 0 ,0 1 8 ,5 9 3
7 ,0 7 7 ,3 0 6
1 ,0 3 5 ,9 7 1
1 ,9 7 5 ,1 1 0
1 8 ,5 0 2 ,4 5 1
9 ,3 9 0 ,9 4 7

Supplies available for consumption (exclusive o f stocks on
September 1) :
^
„
1 8 9 2 -9 3 .
W h e a t ............................... e w t . 3 1 , 3 7 1 , 0 8 3
I m p o r t s o f d o u r ................1 1 , 4 7 9 , 3 3 9
B a le s o f h o m e - g r o w n .1 5 ,4 1 0 ,1 7 3

1 8 9 1 -9 2 .
3 9 ,1 7 8 ,1 7 5
1 0 ,2 0 5 ,0 8 8
1 8 ,3 8 7 ,6 3 0

1 8 9 0 -9 1 .
2 9 ,7 1 7 ,7 1 8
8 ,3 0 0 ,2 8 7
2 2 ,4 2 4 ,1 0 7

1 8 8 9 -9 0.
2 8 ,7 1 5 .6 9 6
9 ,3 9 0 ,9 4 7
2 8 ,5 4 4 ,7 8 0

Gold.
S r e a t B r i t a i n .....................
F r a n c e ..........................................
G e r m a n y ....................................
W e s t I n d i e s ...........................
M e x i c o ...........................................
S o u t h A m e r i c a ..................
A .il o t h e r c o u n t r i e s . .
T o t a l 1 8 9 3 ...................
T o t a l 1 8 9 2 ...................
T o t a l 1 8 9 1 ..................

Silver.
S r e a t B r i t a i n .....................

W e s t I n d i e s ...........................
M e x ic o ...........................................
S o u t h A m e r i c a ...............
A ll o t h e r c o u n t r ie s ..
T o t a l 1 8 9 3 ................
T o t a l 1 8 9 2 ...............
T o i a l 1 8 9 1 ..................

Exports.
Week.

Imports.

Since Jan. 1 .
$ 5 0 1 ,3 2 5
1 5 ,9 0 0 ,0 0 0
9 ,5 7 5 ,0 0 0
5 ,6 0 0 ,9 7 0
8 ,7 1 8
9 7 0 ,4 6 5
1 ,0 0 0 ,0 0 0

Week.

1 3 ,9 4 1
9 ,8 9 5

$3 ,4 7 5 ,0 5 3 $ 3 3 ,5 5 6 ,4 7 8 $ 1 ,1 0 5 ,9 0 6
5 1 8 ,0 8 5
1 2 ,0 4 3 ,2 5 5 1
6 9 7 ,6 5 8
9 ,4 9 0 ,2 6 3
1 9 5 ,9 7 8
8 5 3 ,6 1 8

$ 4 ,2 5 8 ,3 4 4
5 ,3 5 9 ,0 5 9
1 ,4 1 9 ,4 8 6

5 0 0 .0 0 0
9 7 4 .0 0 0
53
1 ,0 0 0

Exports.
Week.
$ 4 1 5 ,5 7 5

1 ,2 0 0

$ 4 1 6 ,7 7 5
4 9 0 ,5 2 3
7 5 ,1 2 0

$ .................. ..
1 ,0 5 8 ,3 2 0

Since Jan. 1 .
$ .....................
3 ,5 0 6 ,8 6 0
4 7 8 ,6 4 0
7 0 ,4 8 3
2 3 ,6 4 2
1 5 1 ,2 1 2
2 7 ,5 0 7

$ .....................

2 3 ,7 5 0

Imports.

Since Jan. 1 .

Week.

Since Jan. 1 .

$ 6 ,3 8 8 ,9 5 0
1 3 0 , lO u

$ .....................

2 6 3 .,5 9 9
660
2 6 ,0 8 3
1 7 ,3 7 3

1 ,9 9 8

1 2 ,9 * 1 6

4 ,9 5 6
6 7 3 ,9 6 0
1 1 7 ,7 8 4
4 7 ,2 8 1

$ 6 ,8 2 3 ,7 6 5
5 ,7 5 5 ,8 0 S
4 ,4 3 4 ,9 9 4

$ 1 4 ,9 1 4
4 7 ,2 5 2
3 4 .2 3 5

$ 1 ,6 3 1 ,4 2 1
3 3 9 ,5 2 3
4 9 7 ,9 7 3

7 8 7 ,4 4 0

Of the above imports for the week in 1893 $28,623 were
American gold coin. Of the exports during the same time
$515,000 were American gold coin.

—The Baltimore Trust & Guarantee Co. of Baltimore offers
to investors $2,000,000 State of South Carolina 4*£ percent
bonds at 1021^ and accrued interest. These bends are a part
T o t a l ................................... 6 1 , 2 8 0 , 5 9 5
6 7 ,7 7 0 , 8 9 3
6 0 ,4 4 2 ,1 1 2
6 6 ,6 5 1 ,4 2 3
of $5,250,000' issued by the State for the redemption of an
1 8 9 2 -9 3 .
1 8 9 1 -9 2.
1 8 9 0 -9 1 ,
1 8 8 9 -9 0equal amount of maturing 6 per cent bonds, due Jan. 1, 1933,
A v e r , p r lo e w h e a t w e e k .2 5 s . 0 4 .
3 2 s. l i d .
3 3 s.
2a.
2 9 s. lid redeemable after 1913. A syndicate represtnted by the Trust
A v e r a g e p r ic e , s e a s o n ,.2 7 s .
Id .
3 5 3 . lO d .
3 2s. 3d.
3 0 s.
Odhas purchased the entire issue, has disposed of
The following shows the quantities of wheat, flour and Company
$2,000,000, and now offers the above amount.
maize afloat to the United Kingdom :
—Attention is called to the list of bonds offered by
_ _
.
This week
Last week.
1892.
1891.
Messrs. Spencer Trask & Co. in this issue of the Chronicle .
W h e a t ............ ...q r s . 2 , 8 0 5 , 0 0 0
2 ,8 0 8 ,0 0 0
2 ,9 2 0 ,0 0 0
1 ,9 1 6 .0 0 0
Investors will be supplied with full partimlais upon appli­
F l o u r , e q u a l t o q r s . 4 3 8 ,0 0 0
4 0 7 ,0 0 0
5 3 5 ,0 0 0
4 2 5 .0 0 0
“ a t s e ............... .................q r s .
3 0 6 ,5 9 0
4 7 6 ,0 0 0
4 1 1 ,0 0 0
3 1 5 ,0 0 0
cation,

THE CHRONICLE,

528

The movement, of breadstuffa to market is indicated in tee
statement below, prepared by us from the figures of the Ne '
York Produce Exchange. We first give the receipts at
Western lake and river ports, arranged so as to present the
■comparative movement for the week ending March 35, 1893
fand since Auaust 1. for each of the last three years:_________
Rye.
Com.
Wheat.
Oats.
Barley.
Flour..
Shis 1mbs Bush.60 lbs Busii.bG lbs Bush.32 lbs BiUh.48lh Ba.56 lb

Receipts at—

663,864
1 2,210

9 6 2 ,2 0 2
1 2 1 ,0 .0

168,226
9 1 ,2 0 ■

4 6 .1 3 5
1 2,000

141,717
12,000
182,277

113,900
8 1 ,6 3 5
1 2.944
799,070
197,8'>0
7 l,8 t 9

8 ,H 0
4 6,880
2 5 ,4 9 2
18 9 ,2 0 0
42 0 ,2 0 0
5 ,07 3

309
1 8,719
9.01 0
8 4 .7 6 0
5 1 ,8 '0

2 .L 8 9
1 9 ,0 0
609

2 ,54 5 .7 0 9
3 .69 7 .6 2 2
1 .763.088

1 ,9 5 3 ,3 2 :
3 ,37 2 ,2 3 4
1 .776 228

1 ,778,147
1 94 9 .2 2 5
1 ,6 1 0 913

9 ,03 4 267 195,135,488
8 .37 4 ,9 7 7 179,430.943
7 ,37 1 .1 8 2 8 4 .9 3 6 852

8 6 ,6 7 4 ,1 5 0
8 7 ,6 8 9 ,2 2 1
6 3 ,5 3 2 .3 9 2

7 7 ,2 3 1 ,5 7 7
7 3 ,1 1 3 ,9 8 3
0 4 ,4 2 5 ,0 6 8

62 4 .2 9 7
2 9 3,9 0
399.747
711,900
6 5.000
8 7 .8 2 3
22,048

93 171
17 600

C h ic a g o .............
M ilw a u k e e ...
f D u lw t h . . . .
M in n e a p o lis .
T o l e d o .............
♦ D e t r o it ..............
^ C l e v e la n d ....
V3t. L fO a ie ----'P e o r i a ................
K a n s a s C it y .

1,901
3,949
3 .8 >1
3 0 ,5 8 0
•4 800

lb 1,502
229,019
185.739

T o t . w t , ’ 93.
'3 a m e w k , ’ 92.
w k , ’ 91 .
‘Since Aug. 1.
1 8 92-03..........
1 8 91-92..........
4 8 9 0 -9 1 ..........

4 2 1 ,0 3 5
62 5 ,5 5 9
3 2 9 .2 0 1

60

8 1 .1 5 1
9 7 ,0 8 1
1 2 9 ,0 4 8

2 6 ,3 0 1 ,7 0 1 6 .3 2 3 ,2 0 5
2 7 ,2 6 6 .6 2 1 1 3 .3 3 2 678
2 6 ,6 5 9 993 3 ,5 8 2 ,9 3 4

The receipts of Hour and grain at the seaooard ports for th »
■week ended March 35, 1893, follow:
Flour,

bbls.
j Lt—
1 5 7 ,8 4 .7
tN e w Y o r k .
S i o e t o n .................. 8 2 ,1 7 2
1 1 ,5 1 3
^ M o n tre a l - .
i F h i l a d e l p l i i a .. 7 2 , 2 2 4
.
4
9 ,4 2 1
t B a lt lm o r e . . .
4 ,1 0 0
S io in n o n d ..
’N e w O r l e a n s
1 4 ,0 3 9

Wheal,
bush.

Corn,
bush.

Oats,
bush.

Barley,
bush.

Rye,
bush

1 2 8 ,6 5 0
1 1 ,4 4 4
1 3 ,3 0 1
6 4 ,3 2 9
6 7 ,5 7 9
3 2 ,1 4 2
2 0 5 ,2 8 3

2 2 2 ,7 1 4
1 5 2 ,6 3 8
1 ,8 0 0
1 0 4 ,3 4 0
1 1 4 ,8 4 8
1 1 ,8 5 0
6 7 ,2 8 2

4 1 1 .6 0 0
2 1 2 ,6 4 3
2 8 ,3 1 0
1 1 3 ,5 5 3
2 2 ,0 0 0
1 3 .8 5 0
3 0 ,2 3 4

3 9 ,2 0 0
23 383
2 ,3 5 0
2 1 ,6 0 0

3 ,2 0 0
388
1 ,2 8 2

6 7 2 ,4 7 2
5 2 2 ,7 2 8
.3 8 8 3 1 6
3 5 5 ,8 8 6 1 ,2 0 4 ,7 9 2 1 ,8 4 9 ,6 6 9

2 ,6 9 9

8 3 2 ,1 9 0
8 6 .5 3 3
6 6 6 , 9 7 1 1 2 0 ,0 7 3

7 ,5 6 9
7 8 ,0 1 3

1892.

1891.

1890.

Weelc
March 2 5 .

Week
March 2 6 .

4 5 3 ,1 7 6

3 9 9 ,0 0 6

3 6 3 ,1 5 6

3 4 3 ,0 6 1

9 8 0 ,0 8 8
W h e a t . . . . . . ..b u s h
C o r n .................
...... 1 , 7 3 7 , 2 6 4
Y > a t s .........................
3 6 8 ,8 3 5
■ B a r le y ................ ...............
5 0 ,8 1 1
f R y e . . . .................. ..................

1 ,2 6 7 ,3 7 5
1 ,0 9 7 ,4 6 0
1 ,0 7 3 ,3 * 4
2 7 9 ,8 7 2
7 9 ,7 9 3

8 9 6 ,9 7 8
1 ,0 5 3 .0 3 7
1 ,5 3 3 ,6 1 1
1 5 9 ,9 1 9
1 1 4 ,3 1 4

2 5 9 ,8 9 6
3 ,3 6 0 ,6 2 6
1 ,4 3 8 ,9 3 7
2 2 4 ,1 5 3
8 2 ,7 2 2

...

3 ,7 9 7 ,8 2 4

3 ,7 5 7 ,8 8 9

5 ,3 6 6 ,3 3 4

S f l o n r _____* . . .

■ T o ta l—

. . b b l s ..

. . . 4 ,6 4 0 .8 9 0

Week
March 2 8

Week
March 2 9

The exports from the several seaboard ports for the week
Finding March 35, 1893, are shown in the annexed statement:
sExpvrts
'frefK—
N Je w Y o rk
I B o - a t e n .. .
IC 'o r t la n d .
■ N o r f o lk . .
fP h fla d e l.
f B a l t l m ’r e
o f. O r l’n s .
IN , N e w e .
•‘M o n t r e a l

Wheal-

Com.

Bush.

Bush.

7 7 5 ,4 6 6
1 5 ,3 2 1

9 5 ,6 3 4
5 8 ,9 6 1

3 4 ,0 0 0
1 9 3 ,1 7 0
2 2 7 ,9 3 7

9 1 ,4 0 0
1 4 5 ,7 1 4
2 2 4 ,3 9 6

6 1 6 ,1 0 5
' S o t . w e e k 1 ,2 9 5 ,8 9 4
W m a t im e
1 8 9 2 . . . 1 ,3 8 7 ,4 4 3 2 ,1 3 6 ,7 8 5

Flour.

Oats.

Rye.

Peas

Bbls.

Bush.

Bush.

Bush.

1 0 7 ,0 4 6
2 1 ,0 8 1
5 ,9 0 4
1 ,4 3 9
3 6 ,9 2 5
3 7 ,2 5 0
2 ,1 5 4

3 9 ,9 5 3
500
4 0 ,6 8 1

260

7 .7 7 0
8 ,5 9 3
9 ,6 0 5

2 1 1 ,7 9 9

8 0 ,1 3 9

260

2 5 ,9 6 8

2 5 4 ,1 0 5

7 2 ,9 1 5

7 1 .1 7 3

43 776

The visible supply of grain, comprising the stocks in granary
eet
principal points of accumulation at lake and seaboard
gKRtB, March 35, 1893:
Wheat,

bush.
t in - s t o r e rtf—
5Je w V o rk
. . . ,. 8 t8 7 2 , 0 0 0
2 2 4 .0 0 0
O n t fflo a fc / . A l b a n y ____________
B u f f a l o . . . . ............ . 2 , 1 0 2 , 0 0 0
4 3 4 ,0 0 0
n o a f l o a t .........
{ C h i c a g o . . . ............. . 1 5 , 7 4 3 , 0 0 0
4 V5 7 6 ,0 0 0
Do
a f lo a t .. .
l 9 9 3 ,0 0 0
M i l w a u k e e ............
8 2 ,0 0 0
D o
a f lo a t ...
f l u ' . u t h ........................ . 1 0 , 3 8 3 , 0 0 0
5 7 1 ,0 0 0
Do
a f lo a t ... .

Corn,
bush.
3 9 8 ,0 0 0
5 5 ,0 0 0
8 ,0 0 0
8 7 ,0 0 0
2 8 8 ,0 0 0
6 .0 4 1 ,0 0 0
2 ,2 5 7 ,0 0 0
1 3 ,0 0 0
3 4 1 ,0 0 0

Oats,
bush.
5 8 7 ,0 0 0
7 ,0 0 0
5 1 ,0 0 0
2 ,1 8 4 ,0 0 0
3 1 6 ,0 0 0
2 1 ,0 0 0

Rye,
bush.

Barley ,

7 0 ,0 0 0
2 7 ,0 0 0
1 7 ,0 0 0
3 7 ,0 0 0

1 2 7 ,0 0 0
2 ,0 0 0
5 ,0 0 0
2 8 2 .0 0 0

4 3 8 ,0 0 0

6 4 ,0 0 0

1 3 4 ,0 0 0

1 6 0 .0 0 0

1 8 ,0 0 0

5 ,0 0 0

3 4 ,0 0 0
2 2 ,0 0 0
Do
a f l o a t _____
2 5 ,0 0 0
6 0 .0 0 0
( D e t r o i t .................
2 ,0 0 8 ,0 0 0
1 7 ,0 0 0
4 ,0 0 0
Do
a f l o a t ........
3 1 L ,0 0 0
O s w e g o -----------. . . . ..
,8 3 0 .0 0 0
t 8 t . C j 0 o 3s ................... 4 , 8 4 7 , 0 0 0
1 0 6 ,0 0 0
2 8 ,0 0 0
1 0 0 ,0 0 0
'D o
a f l o a t .........
......................
7 ,0 0 0
1 3 .0 0 0
^ t o c t a a i a t i ...............
1 8 ,0 0 0
2 1 .0 0 0
8 6 ,0 0 0
t£os r t o n .........................
2 0 ,0 0 0
2 7 5 .0 0 0
^ T o r o n t o ........................
5 0 .0 0 0
5 7 7 .0 0 0
1 4 ,6 * 0 0
^ M o n t r e a l. . .. . . . . .
5 5 8 .0 0 0
3 9 .0 0 0
f - u r ik a e t e lp b ia .—
9 5 7 .0 0 0
2 6 2 ,0 0 0
1 2 1 .0 0 0
1 5 4 .0 0 0
1 9 4 .0 0 0
E P e o r i a ------------1 7 8 .0 0 0
1 8 )0 0 0
1 5 2 .0 0 0
1 4 6 .0 0 0
3 2 ,0 0 J
^ u d i& n s p o i l s . . . . .
2 ,0 0 0
2 5 6 .0 0 0
2 7 .0 0 0
S S -a n sa s C i t y . .1 . 1 ,2 9 6 ,0 0 0
1 6 .0 0 0
6 5 3 .0 0 0
1 3 3 .0 0 0
B a l t i m o r e ...............
8 3 8 / K )0
7 2 ,0 0 0
M i n n e a p o l i s ____ 12 , 000,000
1 7 6 .0 0 0
1 3 .0 0 0
7 1 ,0 0 0
< 0 n M is s is s ip p i. 3 0 .0 0 0
1 3 .0 0 0
* ? )n © a n & l& r iv e r
5 3 ,0 0 0
T o ta ls—
----------------------T M a r. 2 5 , 1 8 9 3 .. 7 8 ,2 1 1 ,0 0 0 1 5 , 1 0 1 ,0 0 0 “ 4 ,5 5 9 ,0 0 0
9 5 4 ,0 0 0
& £ a r . 1 8 , 1 8 9 3 . . . 7 9 , 0 2 1 ,0 0 0 1 5 , 2 4 1 . 0 0 0 4 . 6 7 6 . 0 0 0
9 4 6 ,0 0 0
M a r . 2 6 , 1 8 9 2 . . 4 1 . 2 9 7 , 0 0 0 1 2 , 1 5 4 .0 0 0
3 ,8 ) 1 ,0 0 0 1 ,7 0 2 ,0 0 0
M a r . 2 8 , 1 8 9 1 .. .2 2 .7 4 5 ,6 8 3
2 , 9 8 8 .0
JO 2 , 8 0 8 , 9 2 1 4 7 1 . 0 6 9
M a r . 2 9 . 1 8 9 0 .. .2 7 .1 1 4 .0 9 3 2 0 . 2 0 4 ,6 3 6
4 5 4 7 .0 0 5 1 . 4 0 5 , 2 8 9

—The new Bank in Buffalo, N, Y ., to be known as the City
Bank, opened for business last week. The President of the
bank is W. C. Cornwall, a man of wide reputation in the
banking world. The directors include Charles Daniels, James
Tillinghast, L. C. Hanna, R. K. Noye, T. F. Griffin, Thos. A.
Bissell and W . S. Mills, all capitalists identified with large in­
terests in the city of Buffalo.
City Railroad Securities—Brokers’ Quotations,
A t la n t ic A v . , B ’ k ly n .S t ’k .
G e n . M .,6 s , 1 9 0 9 ...A & O
31’ o k e r S t . & F a l . F . - S t k .
l s t m o r t . , 7 a .t 1 9 0 0 - .J & J
S r ’d w a y & 7 t n A v .—S t ’k . .
l e t m o r t ., 5 s , 1 9 0 4 _ J & D
2 d m o r t ., 5 s , 1 9 1 4 ... J & J
B ’ w a y 1 s t , 6 s , g u ...........’ 2 4
2 n d 6 s , i n t . a s r e n t ., ’ 0 5 .
B r o o k ly n C i t y — N e w S t o c k
B ’k ly n c r o a a t ’n 5 a „ 1 9 0 8
B k n . C ’y & N ’ n 5 a , 1 9 3 8 . J & J
C e n tra l C ro se to w n —S t ’ k ..
1 s t m o r t ., 6 s ,1 9 2 2 .M & N
O e n t. P k . N . & E . R i v . — 8 t k .
O o n s o ls .7 s , 1 9 0 2 . . . J & D
D ry D k .E .B .& B a t ’v —8 t k .
1 s t m o r t , 7 s , 1 8 9 3 ..J & D

D r y D o c k E . B ’y & B . —
104
28
111
198
106
106
105
96
259
107
103
160
115
150
116
145
103

30
113
202
..............
262
105
120
155
150

1
1 0 0 101

E ig h t h A v .- S c r i p , 0a, 1914
4 2 d & G r 'n d S t . F ’ r y — 8 t k .
1 s t m o r t ., 7 a , 1 8 9 3 . A & O
4 2 d S t . M a n h .& S t . N . A v e .
1 s t m o r t . , 6 a , 1 9 1 0 .. M & S
2 d M „ in c o m e , 6 a ____ J & J
H o n a t . W . S t . & P . F ’ y —S t k .
1 s t m o r t ., 7 s , 1 8 9 4 .,J & J
N i n t h A v e .....................................

105 110
295 300
1 0 2 ............
69 72
1 1 1 111
65i 70
2 0 0 ...........
1 0 4 '............
1 2 7 ,1 3 2
165
l s t m o r t . , 6 s , 1 9 0 9 . M & N 1 0 5 ............
____ 1210
x . . 225
l e t M ., 5 a , 1 9 3 7 ........... J & J 1 1 3 ............
T w e n t y - t h i r d S t . — S t o c k . , 2 9 5 ............
l a t m o r t . 7 a , 1 8 9 3 ................ 1 0 3 ...........

N. Y. and Brooklyn Gas Securities—Brokers’ Quotations,
B id .

B r o o k l y n G a a - L i g h t ..............
J e r s e y C i t y & H o b o k e n ..
M e t r o p o lit a n — B o n d s ............
M u t u a l ( N . Y . ) ..............................

A sk.

G A S C O M P A N IE S .

129

127
180
110
140
100
ST aa a a n ( B r o o k l y n ) ................. 1 7 0
100
P e o p le 's ( B r o o k l y n ! ...........
98
M e t r o p o lit a n ( B r o o k l y n l ..

B o n d s , 6 a ........................................
M u n i c i p a l —B o n d s , 7 s ____
F u l t o n M u n i c i p a l ......................

145
102

E q u i t a b l e .............................................
102
140

B id .
155
108
105
146
105
194

Jr5

S t a n d a r d p r e f ...............................
Do
c o m ..................................

85
38

A sk
111
i.4 8
196
“ 90 ’
40

Auction Sales—Among other securities the following, not
regularly dealt in at the Board, were recently sold at
auction.
By Messrs. R. V. Harnett & C o.:
Shares.
120
50
25
20
10

Shares.

O r i e n t a l B a n k ............................... 2 4 5
N a t . C i t i z e n s B a n k ................ 1 6 0
N .Y . N a t. E x c h . B a n k . . . 1 3 7
L lo y d 8 P r t e G la s s In s .C o .2 1 5
T h u r b e r - W liy la n d
C o .,
c o m ............................................................. 5 0

2 0 H e r r in g H a ll M a rv in C o .
c o m .......................................................... 8 2
2 0 T h u r b e r - W liy la n d
C o .,
p r e f .....................................................9 0 - 9 5
8 0 G ro u n d H o g C o n s . M in ’g
& M i l l ’ g C o .o f C o l . , 5 0 c . p e r a h «

By Messrs. Adrian H. Muller & Son :
Shares.

Bonds.

11 C e n t. N . J . L a n d Im p . C o .
$ 1 8 5 0 p e r s li.
8 0 A r a e r . F i r e I n s . C o ...............1 2 5
5 N a t . P a r k B a n k ............................3 1 2
4 3 H a n o v e r N a t . B a n k _____3 3 8
1 0 A m e r . E x . N a t . B a n k _____1 5 8
1 8 M a r k e t N a t . B a n k ..................2 3 1
6 0 C h a t h a m N a t . B a n k (e x d i v . ) ....................................................4 0 7 - 4 0 9
1 9 C o n t in e n t a l N a t . B a n k . .1 3 4
1 0 in a t . P a r k B a n k ............................3 1 2
4 0 R u t g e r s F i r e I n s . C o _____1 1 4
25 A m e r. H o rs e E x c h . (L td ) 15 ^
2 0 N e w Y o r k B i s c u i t C o _____ 5 1
1 0 B o w e r y B a n k ..................................S I S ^
5 3 N a t . B r o a d w a y B a n k _____2 6 4
1 0 0 B r o o k ly n
T r a c t i o n C o .,
p r e f , c u m .......................................... 9 0

$ 1 0 ,0 0 0
1907,
$ 2 0 ,0 0 0
N . J .,

L a u d e r C o ,N e v ., 6 s ,
A & 0 ................. . ............................. 9 5 1*
C it y o f N B r u n s w ic k ,
6 s Im p , 1 8 9 8 , M & N .
1 0 2 ^ -1 0 3
$ 1 0 ,0 0 0 J e r s e y C i t y .N . J . . 7 s ,
w a t e r s c r i p r e g - .’ 9 9 J & J . . 1 0 9 Ia
$ 1 0 ,0 0 0 T o w n o f W . O r a n g e ,
N . J ,7 s , 1 8 9 6 , J & J .. 1 0 3^ -10434
$ 3 ,0 0 J e r s e y C it y 7 s , 1 8 9 7 ,
M & N ....................................................................I I O I 4
$ 1 0 ,0 0 0 J e r s e y C i t y 7 s , 1 9 0 0 ,
J & . I .....................................................................1 1 2 i *
$ 2 ,0 0 0 N e w B r u n s w i c k , N . J . ,
W a t e r C o . 1 s t 7 s ,1 8 9 7 ,M & N . 1 0 7
$ 1 ,0 0 0 N e w B r u n s w i c k . N . J . ,
W a te r C o . 2 d 7 s ,1 9 0 4 ,M & N .lll
$ 6 ,5 0 0 N e w B r u n s w i c k . N . J . ,
W a t e r C o .2 d s 1 8 9 9 , M & N . . . 1 0 5 1 *
$ 5 ,0 0 0 T o l . A n n A . & L a k e M .
R R . 1 s t 6 s . 1 9 1 9 , J & J ............... 1 0 0
$ 5 0 0 M o n t c la ir C lu b (M o n t­
c la ir ,N .J .) 2 d 6 s ,1 9 0 9 , A & O . 8 0

Bonds.

$ 2 5 ,0 0 0 M a r i e t t a M i n e r T R R .
1 s t 6 s , 1 9 1 5 , M & N ........................... 7 1
$ 2 0 ,0 0 0 L a n d e r C o ., N e v . , 6 s t
1 9 0 7 , A .& O ........................................7 5 5 8 - 7 6

a n d

SAMUEL
B A N K ER S

AN D

1 2 9 ,0 0 0
7 2 .0 0 0
1 8 .0 0 0

l v i,

—The Lewis Investment Co., Des Moines, Iowa, with a paidup capital of $150,000, are favorably known in the East among
a large circle of investors, for whom during the past fifteen
years they have made loans secured by mortgages on lands in
Iowa and Eastern Nebraska. They invite correspondence.
See their card elsewhere.

G A S C O M P A N IE S .

Below are the rail shipments of flour and grain from
Western lake and river ports for four years:
1893.

I V oLm

D.

D E A LE R S

^

f i n

a n

D A V IS
IN

&

m u el

D . D

a v is

C O .,

IN V E S T M E N T

N O . 4 4 W A L L S T ., N E W
Sa

c i a l .

,

C

S E C U R IT IE S .

YORK.

h a s

. B . V

an

N

o s t b a x b

.

M e m b e r N . Y . S to c k E x c h a n g e .
8 4 .0 0 0
1 2 .0 0 0
4 6 .0 0 0
8 5 .0 0 0

T H E M E R C A N T IL E N A T IO N A L
o f ;t h e

C a p ita l.

-

—Inv^tors in m unicipal securities are invited to notice the
list presented in the C h r o n i c l e to-day by Messrs. William J.
/Hayes & Sons of this city, Boston and Cleveland.

v o u k

$ 1 ,0 0 0 ,0 0 0 1S a r p lo a F u n d ,

BANK

,
-

$ 1 ,0 0 0 ,0 0 0

W I L L I A M P . S T . J O H N , P r e s i d e n t . | F R E D E R I C K B . S C H H N O K , C a s h ie r
J A M B S V L O T T , A s s l s t a a t C a s h ie r .

ACCOUNTS
1 ,1 7 3 ,0
1 ,3 9 0 ,0
1 ,0 9 4 .0
1 ,3 2 8 .2
1 ,3 5 1 ,0

of n e w

N o. 1 9 1 B r o a d w a y .

2 2 )6 o O

60 000

c it y

S

p

e

n

c

e

r

T

S O L IC IT E D .

r

a

s

k

&

C

o

. ,

BANKERS,
1 0 W a l l S t., N e w Y o r k .
A lb a n y .

1 6 C o n g re ss S t ., B o s t o n
P r o v id e n c e .

M e m b e rs o f N e w Y o r k a n d B o s to n S to c k E x c h a n g e s .

INVESTMENT SECURITIES.

THE CHRONICLE.

A p r il 1, 1898. J

t'h t

g jfc t t k m '
D

I V I D

Name o f Company.

E N

The following were the rates of domestic exchange on New
Yo -k at the under-mentioned cities to-day: Savannah, buying
par, selling % premium ; Charletton, buying p ir t ) 1-10 pre­
mium, selling % to %' premium; New Orleans, bank, $1 50
premium, commercial 75c.; St. Louis, 90s. per $1,030 pre­
mium ; Chicago, 50c. per $1,000 premium.
United States Bonds.—Quotations are as follows:

(ia ^ je t U .
D

!

When
Payable.

Per

Cent.

',6*

Books Closed.
(Days inclusive.)

1

t ia tlr o a d a .

1%
1%

D e l. L a c k . & W e s t . (q u a r .) .
M a i u e C e n t r a l ( q u a r . ) ...............
P i t t s . F t . W .& C h ic .,s p e c ia l( q u a r .)
do
do
r e g ’ ia r ( q u a r .)
B a n k s .
G a l l a t i n N a t i o n a l ......................... .
do
do
(e x tra ) . .
i* l i s c e l t a u e o n s .

E d is o n E le c . I l l o f N . Y .
G e n e ra l E le c t r ic co m (q
R . I . P e r k . H o r s e s lio e p f .
do
do
do
co m .

A
A
A
A

14i
1 s4
5
1
2

1

( q u a r .) .
u a r .) ... !
( q u a r .)
(q u a r .) 1

p
p
p
p

r il
r il
r il
r il

>
A p iil
<
A p r il

1%
2

M ay
M ay

i 3i>

A p r il

20 , A p r il
1,
1
4

6 M c li. 3 0 t o A p r i l

5

1
1
1 A p r il 19 to M a y
1 5 A p r il

Interest March March March March Marcfi March
Periods 2 5 . 1 2 7 .
29
28.
30
| 31.

6 to A p r il 2 0

1

2 to A p r il

9

2 h , ........................................ r e g .
1 9 0 7 ..........................r e g .
4 8 , 1 9 0 7 .....................c o u p .
6 s , o u r ’ c y , ’ 9 5 _____r e g .
6 s , c u r ’c y ,’ 9 6 — r e g .
6 s , o u r ’ c y , ' 9 7 _____r e g .
6 ( , c u r ’e y , ’ 9 8 _____r e g .
6 a . o u r’ c y /O Q — re tr.

Q .- M c h .
Q .- J a n .
Q .- J a n .
J. & J.
j . & j .
j. & j .
J. A J.
J. & J.

* 9 9 i$
*1 1 2
* t l3
*105
*1 0 7 *s
*110
*1 1 3
*1 X 5

* 99^
*1 1 2*4
113%
*1 0 5
*107*4

*uo

*113
*115

* 99^
*1 1 2*4
1134l
*105
*1 0 7*4
*110
*113
*115

■ 't h is I . , t o e p r i o e b i d a t t o e m o r n i n g b o a r d : n o

* 99%
*1 1 23 *
*1134,
*x05
*107
*110
*1 1 3
*1 1 5

* 99%
*L13
114 %

*105 1

* 10714 '
*110 ]
*113 !
*1 1 5
I

:
:
a
a

5;
»
f5
:

w a s rt a d e .

Government Purchases o f Silver.—The following shows
the amount of silver purchased to date in March by the Gov­
W A L L S T R E E T , F R I D A Y , M A R C H 3 1 , 1 8 9 3 - 5 P . HI.
ernment. The Department having purchased the amm nt of
The Money Market and Financial Situation.—As the silver required by law for the month, no further offers will be
various Exchanges are closed to-day (Good Friday), the busi­ considered until Monday April 3.
ness week, so far as this report is concerned, ended Thursday.
There is a more hopeful tone in financial circles, fostered
Ounces
Ounces
*
Price paid.
offered.
lately by the diminished exports of gold and by the expecta­
tion of easier money soon after the 1st of April. But as to P r e v i o u s l y r e p o r t e d .................... 8 , 5 8 9 . 7 0 0
3 ,8 2 1 ,4 5 8 ] $ 0 '8 2 1 0 3 $ 0 * 8 4 0 0
any increase in the volume of money, that is, the whole circu­
6 7 7 .0 0 0
2 9 0 ,0 0 0 ,$ 0 * 8 3 1 0 *
$ 0 *8315
lating mediu n of the country, we mentioned recently that the
“
2 9 ........................................................
6 3 2 .0 0 0
2 8 7 ,0 0 0 $ 0 * 8 3 5 0 3 $ 0 * 8 3 6 0
“
3 1 ........................................................
gold exports much more th an neutralize the effect of the forced
..................... ! .......................
*
......................
issue of coin notes by the Government each month, and hence * L o c a i p u r c h a s e s 2 w e e k s
1 0 1 , 6 3 5 ] ...................... 3
the present silver law only results in sending our gold out of
the country without giving us any more money. In the three T o t a l i n m o n t h t o d a t e ............ 9 , 8 9 8 , 7 0 0 4 , 5 0 0 , 0 9 3 $ 0 8 2 4 0 3 $ 0 * 8 4 0 0
months ending with March the net exports of gold have been
* T h e lo c a l p u r c h a s e s o f e a o h w e e k a r e n o t r e p o r t e d t i l l M o n d a y o f
over $28,000,000, while the issue of legal-tender coin notes in t h e f o l l o w i n g w e e k .
the same time would be less than $18,000,000.
Coins.—Following are current quotations in gold for coins:
The Philadelphia & Reading statement of earuings for S o v e re ig n s............. $ 4 8 5 3 $ 4 9 9 Pine s i lv e r O a r s . . — 8 3 % a
— 84
February was issued by the receivers late on Thursday after­ N a p o le o n s .............. 3 8 5 9 3 9 0 I F l v e f i a a o s . — 9 3 3 —
96
noon and was most unfavorable, showing a net decrease for X X K e lo h m a r k s . 4 7 0 a 4 76 M e x i c a n d o l l a r s . . — 6 5 % » — 6 6 %
2
5
P
e
s
e
t
a
s
..............
4
7
5
*
4
85
D
o
u
n
o
o
m
m
e
r
o
’
l
—
—
it
the month as compared with February, 1892, of $508,079.
D o u b lo o n s .1 5 5 5 3 15 7 5
P e r u v ia n s o l s . . . . . — 5 9
3 — 61
For the three months of the fiscal year ending with February SMpean.
a
x . D o u b lo o n s .1 5 5 5 3 1 5 7 5
E n g l i s h s i l v e r _____ 4 8 0
1 90
the net eaimings of both companies show a net deficit below F in e g o ld b a r s . . . p a r 3 % preni. U .8 . t r a d e d o l l a r s — 6 9 3
fixed charges of $321,161, which is $1,090,306 worse chan the
State and Railroad Bonds.—The sales of State bonds have
statement for the same three months last year. No explan­
ation has been vouchsafed by the officers or receivers for this included $167,000 of Tenn. settlt. 3s at 75% :$76% ; $2,000
appalling loss in net earnings, when the winter was cold settlt. 6s at 101% ; $10,000 Ala. class A at 102%.
In railroad bonds there has been only a moderate business.
beyond precedent, the price of coal very high and the dis­
tribution immense. The exhibit itself seems to be sufficiently The Reading incomes were strong early in the week on the
reports
that Drexel & Co. were again in touch with the Read­
condemnatory and to indicate that the business of the com­
pany has been wofully mismanaged. Such figures call for a ing management, and would advance money to buy coupons
speedy and explicit statement, giving some reason to the due April 1 on bonds prior to the generals. But this soon lost
stock and bond holders o f the company why the income of its effect and the bonds became weak, probably in anticipa­
their property should run down so alarmingly in the face of tion of the wretched statement of earnings for February
circumstances that seem to have been exceptionally favorable which was issued by the receivers after the close of business
on Thursday. The Northern Pacifies have been stronger, and
for large net earnings.
The open market rates for call loans during the week on closed at 70% .for the consol. 5s and 78% for the Chic. & N.
stock and bond collaterals have ranged from 3 to 25 per Pacific 5s. Ches. & Ohio bonds are strong on the good earn­
cent, the average being 7 per cent. On Thursday rates on call ings. Atchison bonds are also in demand at firm prices, sup­
were 3 to 25 per cent. Commercial paper is quoted nominally ported by the excellent exhibit of earnings, but the Colorado
Midland 4s guaranteed by Atchison are remarkably low com­
at 6 per cent.
The Bank of England weekly statement on Thursday showed pared with other bonds of the system, closing at 59% on mod­
a decrease in bullion of £838,000, and the percentage of re­ erate sales, reported to be partly for account of foreign
serve to liabilities was 43-31 against 49'78 last week ; the dis­ holders. Eliz. Lexington & Big Sandy '5s have shown some
count rate remains unchanged at 2% per cent. The Bank of activity, closing at 99% ; General Electric debenture 5s have
France shows a decrease of 1,875,000 francs in gold and also sold fairly, closing at 99% ; Oregon Improvement 5s are
easier at 62% ; Mo. Kan. & Texas 1st 4s close at 82 ; St. Louis
an increase of 3,200,000 in silver.
The New York City Clearing-House banks in their statement & Iron Mt. 5s at 89 ; St. Louis Southwestern 1st 4s at 65% ;
o f March 25 showed an increase in the reserve held of $2,589,- Texas & Pacific 1st 5s at 77% ; Rio Grande West. 1st 4s at 77.
900 and a surplus over the required reserve of $9,243,200, These are fair examples of the leading Southwestern railroad
bonds, and all of them may be considered good investments if
against $6,039,125 the previous week:
their respective railroads are allowed to charge enough for
freight and passengers to earn a fair interest on their cost.
1893.
1891.
Differe?i’sfrom
1892.
March

C a p it a l................. ..
S u r p lu s ....................
L o a n s an d d isc ’ ts
O lro n la tlo n ............
H ot dep osits..........
B p e o le ......................
L e g a l ten d ers___

25.

$
6 0 .4 2 2 .7 0 0
7 0 ,1 8 3 ,3 0 0
4 3 4 ,4 6 8 ,3 0 0
5 ,6 1 8 ,5 0 0
4 3 9 ,5 0 4 ,4 0 0
7 1 .6 2 3 .7 0 0
4 7 ,4 9 5 ,6 0 0

Prev. week.

March

$

D e e .4 ,8 3 5 ,7 0 0
D ec.
1 5 ,5 0 0
D e c .2 .4 5 6 ,7 0 0
D e o . 5 1 5 ,8 0 0
I n c .3 ,1 0 5 ,7 0 0

26.

March

28.

$
$
6 0 ,9 1 0 ,1 0 0
6 0 ,3 7 2 ,7 0 0
6 3 .3 5 1 .6 0 0
6 6 ,7 0 4 ,4 0 0
4 9 0 ,4 3 5 ,3 0 0 4 1 0 .4 9 3 .2 0 0
3 ,5 0 1 ,1 0 0
5 ,6 0 0 ,3 0 0
5 3 0 .1 2 0 .7 0 0 4 1 5 ,4 6 4 ,6 0 0
7
7
.7 3 6 .6 0 0
1 0 1 .2 1 8 .7 0 0
3 4 .5 7 1 .6 0 0
4 9 ,3 1 8 ,9 0 0

R e se rv e h e ld ____ 1 1 9 , U 9 , 3 0 0 I n c . 2 , 5 8 9 , 9 0 0 1 5 0 , 5 3 7 , 6 0 0 1 1 2 . 3 0 8 . 2 0 0
L e g a l re se r v e ___ 1 0 9 , 8 7 6 , 1 0 0 D e c . 6 1 4 , 1 7 5 1 3 2 , 5 3 0 , 1 7 5 1 0 3 , 8 3 6 , 1 5 0
B ir p ln s re se r v e .

9 ,2 4 3 ,2 0 o ' l n c . 3 ,2 0 4 ,0 7 5 '

1 8 ,0 0 7 ,4 2 a !

8 ,4 1 2 ,0 5 0

Foreign Exchange.—The market for foreign bills has gen­
erally been dull but firm throughout the week. There
is no i oiprovement in the supply of commercial bills, which
are still scarce, and the trade situation is such a-i to favor gold
exports again when monetary affairs become settled. Gold
shipments for the week have been $500,000. Actual rates
o f exchange on Thursday were : Bankers’ sixty days sterling.
4 86.g4 86%; demand, 4 87%*a4 88; cables, 4 88@! 8i%.
Posted rates of leading bankers are as follows.
March

SO .

Prim e bankers* sterling b illson L ondon.
P r i m e o o m m e ro ia .................................... ...
D joum entary com m ercial.......................

Sixty Days.

Demand

4 87
1 89
4. 8 5 % ® 4 8 3 %
4 85
85 V
.....................
P a r l e b a n k e r s ( f r a n c s ) .......................................
5 1 8 W S 1 7 % '5 1 5 5 s » 5 1 5
A m s t e r d a m ( g u i l d e r s ) b a n k e r s ..............................
4 0 1 ,6 * 4 0 %
4 0 % * 4 0 6 ,6
P .anktoi t or Brsm en (celchna artrsib'nkere 9 5 3 9 5 % | 9 5 8 0 9 5 = 8

Railroad and Miscellaneous Stocks.—The stock market
was quite strong, with a hopeful tone early in the week, but
this soon gave way to dulness and renewed depression in
many stocks. On the other hand several of the leading
stocks maintained their improvement and the market ended
on Thursday with considerable strength. Lackawanna has
been one of the strongest stocks, selling at 146% against 138%
on March 20th, while Reading in the meantime has scarcely
improved at all, and Delaware & Hudson has advanced about
4 points. Lackawanna is said to have the support of a former
prominent operator in it. The granger stocks have been
stronger, Burlington being a leader, and the general merits or
these stocks, together with the World’s Fair business for
Chicago roads, are the points talked about. Northern Pacific
preferred is strong on the prospective funding of its floating
debt. Distilling & Cattle Feeding has been one of the most
active and weakest specialties, selling; at 30 on Thursday morn­
ing (a $50 share lot at 29%) but closing stronger at 32%; the
retirement of Eastern directors is spoken of. National Cordage
has been stronger and closed at 61% against 61% last Friday.
Tenn. Cnal has been more active and higher since the acquisi­
tion o" a large block of stock by Mr. Inman and his associates.
General Electric has been stronger since the New Jersey de­
cision in favor of the company, and a good exhibit is looked
for in the forthcoming annual rep >rt. Among the unlisted,
Sugar has b en most prominent, rising to 103% and closing at
106. Lead is stronger at 41% and Tobacco at 100. U. S.
Rubber on the regular list closes at 51'4 0:1 tlm strength of the
partial men jpoly of the badness obtained by the company.

THE CHRONICLE.

530

[VOL, I/VI.

NEW YORK STOCK EXCHANGE—A CTIV E STOCKS for week ending M ARCH 3 1 , and since JAN. 1, 1 8 9 3 .
H IG H E S T
S a tu rd a y ,
M a x e ll 2 5 .

3 3 ia

33%

*88%
83
54M
118%
23=8
*141
95%
*66
101
76%
-* 1 2 0 1 3
1 1 2 *4
140
83%
54 *4
*118*2
49%

S ii*
83
54&g
119%
23%
144
95%
68
101
76%
12110
1 1 2 *4
140
84%
55
119
50

28^
*6 9
1 2 9 *2
145
*1 5 *3
*53%
*4 *4
*2 9
*9 *4
*148
*136
99 %
*8%
*2 9 *3
22*3
77%
128
*1 0 7*2
7 4*6
22
* ...............
168%
*103
16*2
*44
13%
24%
52%
"3 2
*85
1 0 6 *2
18
70
34%
2 0 76
46
29%

29
70
1 3 0 *3
1 4 5 *8
16*2
53%
4544
3 i
10
150
139
99 %
9%
32
2 2 s8
77%
128
110
7 4*4
2 2 78
21
170%
104
1 6 *2
45 *2
13%
2 %
53%
34
90
1 0 6 *2
18
70
36
2 1 *4
46 *4
30

*25
17%
18%
71%

M onday,
M a rc h 2 7 .

33%
*3 *4
SO
83
54%
119
23%
*141
9 4 7g
*6 6
'1 0 0
76%
121
112
1 4 0 *4
83*2
54
*1 1 8
4 9*2

*9

99 %

'8 %
29
22*4
77%
1 2 7 *2
107
74
22*4
* ...............
167%
*1 0 3
16
U 5%
13%
24*2
50%
*3 2
*8 5
1 0 6 *2
18%
*6 9
*32
21
46 *2
29%
*210
27
*25
17%
17*4
18^8
19%
72
71%

10

149
140

99 %

28 *2
70
1 2 9 *8
144%
*1 5 *2
53%
*4 *4
‘ 28
*9
*1 4 8
110

*99

9%
*8%
29
*2 9 *4
225s *223a
77% 77%
123
*127%
107
107%
74 *2
733}
223}
'2 2 %
20
* ...............
171
2 6 9 *2
105
*1 0 3
16%
1 5 *4
45%
*4 3 *2
1 3 78 * 1 3 %
2 4*2 * 2 4
53
50%
31
*3 0
80
*8 5
107
106%
18%
18%
74
*6 9
36 *2
*32
21**
20%
4 6*2
4 5*2
30%
28%
...............
27
175*
17%
1 9 *8
18%
72
*7 0 %

33 %
90%
83%
543«
1203}
2 3 7e
140
9538
68
101
7 6*2
121
112
1413}
83%
54»4
119
4 9 *2

W ed nesd ay,
M a rc h 29.

33 %

17%
18%
72

33 %

T h u rs d a y ,
M a rc h 3 0 .

33 %

A c t iv e R S I, S t o c k s .
A t c h i s o n T o p . & S a n t a F e _____

34 %

B a l t i m o r e & O h i o .................................
C a n a d i a n P a c i f i c ......................................
C a n a d a S o u t h e r n ...................................
C e n t r a l o f N e w J e r s e y .....................
C h e s a p e a k e & O ., v o t . t r . c e r t .

17 *4
18
71

C h ic a g o B u r lin g t o n & Q u in c y
C h ic a g o A E a s t e r n D ll n o is —
Do
p re f.
C h ic a g o M ilw a t ik e e A 6 t . P a u l
Do
p r6 f.
C h i c a g o * N o r t h w e s t e r n ............
Do
p re f.
C h i c a g o R o o k I s l a n d &P a c i f l c .
C h ic a g o S t . P a u l M in n . * O n
Do
p re f.
C le v e . C in o in . C h ic . & S t . L . . .
Do
p re f.
C o l u m b u s H o c k i n g Y a l . <fe T o l .
Do
p re f.
D e l a w a r e A H u d s o n ...........................
D e la w a r e L a o k a w a n n a & W e st
D e n v e r & R i o G r a n d e .....................
Do
p re f.
E a s t T e n n e s s e e V a . A G a .............
Do
1 s t p re f.
Do
2 d p re f.
E v a n s v i l l e A T e r r e H a u t e ____

28
2 8 *2
28%
* 6 9 *2 7 3*2
70
1 2 9 *2 1 2 9 *2 13038
146%
1 4 5 *4 1 4 5
16%
16%
16*2
5 4 3 } 55 *2
5 1*2
43}
4*8
4 *e
*2 7
33
33
*9
10
10
149
149
150
145
............ " 1 4 0
99 % 1 0 0 * 4 1 0 2
*8%
9
8%
*2 9
30
2 9 *4
*2 2 *2
2234
2 2*2
77
77
77%
1233* 1 2 8 % 129
110
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R a n g e o f s a le s In 1 8 9 3 .

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M a r.

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1 0 |1 2 1
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6
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%
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7
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16
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21
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17

3
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Ja n . 20

1i O l d c e r t i f i c a t e s ,

s E x d ir

THE CHRONICLE

A pr il 1, 1893.]

531

NEW YORK STOCK EXCHANGE PRICES (C ontinued)—IN A C T IV E STOCKS.
I

n a c t iv e

Sto

c ks

Range (sales) in

Mar. 30.

.

B id .

If I n d ic a t e s u n lis t e d .

A s lc .

R a ilr o a d S to c k s .
A l b a n y & S u s q u e h a n n a .....................1 0 0
138
B e l l e v i l l e & S o u t h . 111. p r e f ...........1 0 0
98
100
B o s to n & N . Y . A ir L in e p r e f ..1 0 0
35
38
B r o o k l y n E l e v a t e d H ............................... 1 0 0
34
B u ffa lo R o c h e s te r & P it t s b u r g . 1 0 0
80
83
P r e f e r r e d ..............................................................1 0 0
B u r l . C e d a r R a p i d s & N o r ............... 1 0 0
C e d a r F a l l s & M i n n e s o t a .................. 1 0 0
27
28
C e n t r a l P a c i f i c ...................................................1 0 0
C l e v e l a n d & P i t t s b u r g .......................... 5 0
C o lu m b ia & G r e e n v ille p r e f — 1 0 0
..............
D e s M o i n e s & F o r t D o d g e ............ . 1 0 0
J2 4
P r e f e r r e d ..............................................................1 0 0
10
11%
D u l u t h S o . S h o r e & A t l a n t i c 1 1 .1 0 0
28
25
P r e f e r r e d I I ........................................................1 0 0
16
18
F l i n t & P e r e M a r q u e t t e ....................... 1 0 0
P r e f e r r e d ............................................................. 1 0 0
5
7
G e o r g i a P a c i f i c I f ........................................1 0 0
1 1 *5
12
O r . B a y W i n . & S t . P . t r . r e o _____1 0 0
P r e f e r r e d t r u s t r e c t s ......................... 1 0 0
5 *4
7 *4
H o u s t o n & T e x a s C e n t r a l ............... 1 0 0
I l l i n o i s C e n t r a l le a s e d l i n e s — 1 0 0
1
2
1
5
K a n a w h a & M i c h i g a n ............................1 0 0
K e o k u k & D e s M o i n e s ............................1 0 0
P r e f e r r e d ............................................................. 1 0 0
♦27
L o u is v . E v a n s v . & S t . L . C o n s . 1 0 0
P r e f e r r e d .............................................................1 0 0
M a h o n i n g C o a l ................................................. 5 0 1 0 0
112
P r e f e r r e d ............................................................ 5 0 1 0 7
5
M e x i c a n N a t i o n a l .........................................1 0 0
M o r r i s & E s s e x ............................................... 5 0
N . Y . L a c k . <fc W e s t e r n ......................... 1 0 0
59
63
N o r f o l k & S o u t h e r n ................................... 1 0 0
P e o r i a & E a s t e r n ...........................................1 0 0
7
10
P i t t s . F t . W a y n e & C h ic a g o — 1 0 0
P i t t s . & W e s t e r n p f ................................... 5 0
J3 7
39%
_ ____
R e n s s e l a e r & S a r a t o g a ......................... 1 0 0
R o m e W a t . & O g d e n s b u r g h _____1 0 0 i l l o *4
>UIO 1IVIU 06
IiaUlL...AUUl 1 uu
32
fjtj
35

Lowest.

1893.

1651i Feb.
1 0 0 *8
35
32%
80

102%
4 1*4
37
86%

Feb.
Fob.
M a r.
M a r.

Ja
Ja
Ja
Ja

n.
n.
il.
n.

27

Feb.

29 % J an.

7*8
22
10
24
15%
77%

M a r.
Feb.
M a r.
M a r.
M a r.
Ja n .

9^
24
14%
32
23

1 0 % M a r.
21
M a r.
5% Ja n .

Ja n .
M a r.
Ja u .
Ja n .
Ja n .

1 4 St J a n .

13% Ja n .

7 % M a r.
91
Feb.
1 4 *3 J a n .

23

Feb.

16
27

M a r.
M a r.

100

M a r.

100

M a r.

60
7

Feb.
Ja u .

163
114
60
9%
156
39
179
1 1 2 *4
ua
35

M a r.
Ja n .
Feb.
Ja n .
Feb.
M a r.
Feb.
Ja n .
u
J a<n

32>a
173
110%
l»
3 16

* N o p r ic e F r i d a y ; la t e s t p r ic e t h is w e e k .

I

Highest.

M a r.
Ja n .
M a r.
M a r .•

n a c t iv e

Sto

c ks

(\ Indicates actual sales.J
Range (sales) in

A fa r. 3 0 .

.

B id .

If In d ic a t e s u n lis t e d .
S t . L o u is A lt o n & T . H . p r e f . . . 1 0 0
T o l e d o P e o r i a & W e s t e r n .................. 1 0 0
T o l e d o S t . L . & K a n s a s C i t y If
V i r g i n i a M i d l a n d ........................................... 1 0 0

Lowest.

A sk.

150

M is c e lla n e o u s S t o c k s .
A d a m s E x p r e s s ................................................ 1 0 0
A m e r i c a n B a n k N o t e C o I f _____
A m e r i c a n E x p r e s s .......................................1 0 0
A m e r . T e l e g r a p h & C a b l e .................1 0 0
B r u n s w i c k C o m p a n y ............................... 1 0 0
C h ic . J u n e . R y . & S t o c k Y a r d s . 1 0 0
P r e f e r r e d ............................................................. 1 0 0
C i t i z e n s ’ G a s o f B r o o k l y n .............1 0 0
C o lo r a d o F u e l & I r o n , p r e f ............. 1 0 0
C o l u m b u s & H o c k i n g C o a l ..............1 0 0
C o m m e r c i a l C a b l e ........................................1 0 0
C o n s o l . C o a l o f M a r y l a n d ................ 1 0 0
E d is o n E l e c t r i c I llu m in a t in g .. .1 0 0
I n t e r i o r C o n d u i t & I n s . C o ..............1 0 0
L a c l e d e G a s ........................................................... 1 0 0
P r e f e r r e d ............................................................. 1 0 0
L e h i g h & W i l k e s b a r r e C o a l 1J
M a r y l a n d C o a l ....................................................1 0 0
M ic h ig a n - P e n in s u la r C a r C o .. .1 0 0
P r e f e r r e d ..............................................................1 0 0
M i n n e s o t a I r o n ................................................ 1 0 0
N a t i o n a l L i n g e e d O i l C o ...................... 1 0 0
N a t i o n a l S t a r c h M f g . C o ..................... 1 0 0
N e w C e n t r a l C o a l ...........................................1 0 0
O n t a r i o S i l v e r M i n i n g ............................ 1 0 0
P e n n s y l v a n i a C o a l ..................................... 5 0
P . L o r i l l a r d C o . p r e f ..................................1 0 0
P o s t a l T e le g r a p h — C a b le I f . . .
Q u i c k s i l v e r M i n i n g ..................................... 1 0 0
P r e f e r r e d ............................................................. 1 0 0
T e x a s P a c i f i c L a n d T r u s t .................1 0 0
U . S . E x p r e s s .......................................................1 0 0
U . S . R u b b e r p r e f e r r e d .........................1 0 0
W e l l s . F a r g o E x p r e s s ........................... 1 0 0

1 5 0 *8 M a r.

5

10

155

160

9 "Feb .

Ja n .

1 5 2 *2 J a n .

IC O

Ja n .

1 1 6 *2 M a r.
86 .T a n .
8*2 M a r .
99*2 F o b .
93% Ja n .
106
M a r.

1 2 0 *4
9 2 8)
8 *a
108
93%
109

Feb.
Feb.
M a r.
Ja n .
Ja n .
Ja n . f

105
M a r.
1 5*2 M a r.
180
Feb.
29
M a r.
1 1 4 *2 J a n .
60
Ja n .
2 L *2 2 0 * 8 M a r .
69
M a r.
25
Ja n .
26
22
M a r.
98 *4 M a r.
97
M a r.
64
M a r.
3 4 !% M a r .
20*2 F e b .
24
10
9*2 F e b .
14
Ja n .
300
M a r.

111*2

Ja n .
Ja n .
M a r.
Ja n .
Feb.
Ja n .
Ja n .
Fob.
Ja n .
Ja n .
Ja n .
Ja n .
Ja n .
Ja n .
Ja n .
Ja n .
M a r.
M a r.

108%
105
110
1183s
170
145
28
31
1 2 6 *4

137
23
9
+1 6

77
3
12

H igh est,
1 5 0 *8 M a r
17

117
120
90
83%
9
8*4
102

2 0 * fi
t7 0
25
1 2 5 *2

1892.

80
3*2
17

162
1 9 7 *2
146
150

82 ‘ Feb.
2
M a r.
12
M a r.
12
M a r.
57*2 J a n .
93
M a r.
140
Ja n .

293a
185
31
13L
71
26
74%
25
27%
1 0 6 *8
100%
69*2
41
34%
11%
16
300

83*2 F e b .
3*2 F e b .
Feb.
Feb.
Ja n .
Ja n .
J a n .:

20
13*«
70*2
99
149*<»

t A c t u a l s a le s ,

NEW YORK STOCK EXCHANGE PRICES.—STATE BONDS M A R C S 3 0 .
S E C U R IT IE S .
A l a b a m a — C l a s s A , 4 t o 5 ............. 1 9 0 6
C l a s s B , 5 s ..........................
1906
C l a s s C , 4 s ......................................................1 9 0 6
C u i r e n c y f u n d i n g 4 s .....................1 9 2 0
A r k a n s a s — 6s , f u n d , H o i . 1 8 9 9 - 1 9 0 0
d a . N o n - H o lfo r d
7 s , A r k a n s a s C e n t r a l S R .............
L o u i s i a n a —7 s , o o n s ...............................1 9 1 4
S t a m p e d 4 s .................................................................
M i s s o u r i — F u n d ......................... 1 8 9 4 - 1 8 9 5

B id .

A sk.

102

103
107

105
93
92%
3
8
160
190
3
8
108
9 4*4
97

100

S E C U R IT IE S .
N e w Y o r k — 6s , l o a n _____

B id .

30

Capital Surplus Loans.

B a n k of N e w Y o r k .
M a n h a t t a n C o ................
M e r c h a n t s ’ ........................
'M e c h a n i c s ’ ........................
A m e r i c a .................................
P h e n i x .....................................
‘ C i t y ..............................................
T r a d e s m e n ’ s .....................
;O h e m ic a l...............................
M e r c h a n t s ’ E x c h ’g e
'G a l la t in N a t io n a l. . .
B a t c h e r s ’* D r o v ’ r s ’
M e c h a n ic s ’ &T r a d ’ s
G r e e n w i c h ..................
L e a t h e r M a n n fa c ’r s
S e v e n t h N a t io n a l...
•‘S t a t e o f N e w Y o r k .
A m e r i c a n E x c h ’ g e ..
C o m m e r c e ...........................
B r o a d w a y ............................
M e r c a n t i l e ..........................
P a c i f i c . . ......................... .
R e p u b l i c .........................
C h a t h a m .......................
P e o p le ’ s ..........................
N o r t h A m e r i c a ............
H a n o v e r ...............................
I r v i n g ...............................
C i t i z e n s ’ ........................
N a s s a u ....................................
M a rk e t & F u lt o n .. .
S t . N i c h o l a s .....................
S h o e & L e a t h e r . ____
C o r n E x c h a n g e ............
C o n t i n e n t a l .......................
O r i e n t a l ........... .....................
Im p o rte rs ’ & T r a d ’s
P a r k ...........................................
E a s t R i v e r ........................
F o u r t h N a t i o n a l ____
C e n t r a l N a t i o n a l ____
S e c o n d N a t i o n a l ____
N i n t h N a t i o n a l ...........
F i r s t N a t i o n a l .............
‘ T h i r d N a t i o n a l .............
• N .Y . N a t. E x c h a n g e
B o w e r y ...................................
N e w Y o r k C o u n t y ..
G e r m a n - A m e r ic a n ..
‘ C h a s e N a t i o n a l .............
F i f t h A v e n u e ..................
G e rm a n E x c h a n g e ..
G e r m a n i a ............................
U n i t e d S t a t e s ................
L i n c o l n ...................................
G a r f i e l d ..................................
F i f t h N a t i o n a l ...........
B a n k o f th e M e tro p
W e s t S id e ................ ..
S e a b o a r d ...................
S i x t h N a t i o n a l .............
W e s t e r n N a t io n a l..
F i r s t N a t ., B r ’ k l y n .
S o u t h e r n N a t io n a l..
T o t a l . ..............

....

2 ,i) 0 0 ,0
2 .0 5 0 .0
2 ,0 0 0 ,0
2 ,u 0 0 ,0
3 .0 0 0 .
1 .0 0 0 .
1 ,0 0 0 ,0
7 5 0 .0
3 0 0 .0
6 0 0 .0
1 ,0 0 0 ,0
3 0 0 .0
4 0 0 .0

20'*,0

6 0 0 .0
3 0 0 .0
1 .2 0 0 .0
5 .0 0 0 .
5 .0 0 0 .
1 .0 0 0 .
1 ,0 0 0 ,0
4 2 2 ,7
1 .5 0 0 .0
4 5 0 .0

200.0

7 0 0 .0
1 ,0 0 0 ,0
5 0 0 .0
6 0 0 ,u
5 0 0 .0
7 5 0 .0
5 0 0 .0
5 0 0 .0
1 ,0 0 0 ,0
1 ,0 0 0 ,0
3 0 0 .0
1 ,V)00,0
2 ,0 0 0 ,0
2 5 0 .0
3 .2 0 0 .0
2 ,0 0 0 ,0
3 0 0 .0
7 5 0 .0
5 0 0 .0
1 ,0 0 0 ,0
3 0 0 .0
2 5 0 .0

200.0
7 5 0 .0
5 0 0 .0
1 0 0 .0

200,0
200,0
5 0 0 .0
3 0 0 .0

200.0
200,0
3 0 0 .0

200.0
5 0 C ,0

200,0
2 .1 0 0 .0
3 0 0 ,0
1 ,0 0 0 ,0

2 .0 3 3 .1
1 .7 9 5 .2
9 9 6 .6
2 .0 5 1 .5
2 .2 00 2 .5
4 05 8 .3
2 .7 5 4 .5
2 0 4 .6
7 ,1 1 0 ,8
1 7 2 .8
1 .6 0 5 .0
3 0 9 .4
4 3 4 .3
1 7 1 .3
5 6 0 .1
1 1 5 .8
5 3 0 .2
2 .3 01 2 .0
3 .5 05 0 .6
1 .5 07 5 .2
1 .0 8 7 .7
4 6 3 .7
0 1 3 .6
9 1 9 .7
3 3 1 .9
6 1 7 .6
1 .8 3 7 .0
3 3 3 .6
4 6 3 .2
2 8 2 ,1
8 0 8 .3
1 4 5 .8
2 6 4 .9
1 .2 3 2 .2
2 5 7 .8
4 2 2 .9
5 .7 2 1 .3
3 .0 4 5 .7
1 4 3 .0
1 .9 1 8 .4
5 7 2 .2
5 0 7 .0
2 1 7 .7
7 .1 9 4 .7
1 0 8 .9
1 6 1 .2
5 2 5 .2
5 5 6 .4
2 9 3 .8
1 ,1 5 3 ,3
9 5 7 .3
6 2 4 .0
6 6 3 .6
5 3 7 .0
4 2 3 .7
4 6 2 ,6
3 0 6 .8
7 6 1 .5
2 7 8 .5
2 1 6 .1
3 3 9 ,2
2 6 7 .5
8 2 5 ,0
1 6 0 .5

Specie. Legals. Deposits.

$
1 1 ,7 7 ° ,0
1 ,8 0 0 ,0
1 2 ,2 8 0 ,0
1 .3 1 6 .0
9 2 6 .5
7 .0 9 7 .0
7 .9 6 9 .0
7 6 6 .0
1 4 .8 9 1 .0
1 .5 8 4 .7
4 .1 0 0 .0
5 3 8 .0
1 2 .3 6 5 .0
6 .1 3 6 .1
2 1 6 ,2
2 .7 2 0 .0
2 4 .1 7 9 .3
4 .1 1 6 .1
3 .6 3 8 .3
4 3 6 .4
6 8 1 .6
5 .1 6 3 .8
1 ,8 8 8 ,6
2 9 4 .3
2 .7 6 0 .0
1 8 5 .0
1 .2 0 3 .8
1 7 3 .3
3 .6 5 9 .5
4 5 8 .1
1 .6 8 7 .0
2 5 4 .5
3 .4 0 6 .6
4 4 ,6
1 8 .4 2 0 .0
1 .3 8 7 .0
1 6 ,7 0 d ,4
1 .5 5 4 .1
5 .5 9 5 .8
1 .0 0 4 .2
8 .8 6 3 .0
9 5 7 .3
2 1 1 .3
2 .8 6 9 .3
1 0 ,4 4 1 ,5 1 ,4 7 5 .9
6 ,1 3 7 ,5
8 2 7 .7
2 .1 9 8 .1
1 4 5 .3
4 2 5 .3
5 .2 9 7 .9
1 3 .4 0 3 .4
4 ,0 3 9 .1
2 .8 5 9 .0
3 7 5 .4
2 .9 1 0 .4
3 7 7 .1
2.368.4
2 8 0 .9
4 8 4 .1
4.066.0
2 .3 2 6 .2
1 8 7 .3
2 .6 1 2 .0
3 6 7 .0
7 .0 9 1 .9
9 8 1 .0
4 .1 3 7 .2
9 1 6 .5
2 .0 9 0 .0
1 8 1 .7
2 1 .5 2 2 .0 4 .1 6 1 .0
23.494.4 5 .6 1 7 .1
1 .2 2 6 .9
1 4 1 .5
1 6 .7 7 3 .8 4 .0 9 5 .8
8.076.0
9 3 2 .0
4 .9 5 4 .0
8 9 8 .0
3 .4 3 3 .4
4 3 0 .3
2 3 .5 4 7 .9 2 .6 3 1 .9
4 .8 4 6 .9
1 .1 4 6 .8
1 .5 1 4 .9
8 3 ,1
3 .0 9 0 .0
4 7 0 .0
3 .0 7 7 .2
8 1 2 .0
3 0 7 .4
2 .7 7 9 .1
11.065.0 3 .6 0 9 .2
5.745.7 1 .1 0 4 .0
1 4 8 ,0
2 .9 9 1 .5
2 .7 3 8 .0
2 0 2 ,3
7 .3 3 4 .9 1 .2 7 0 .9
5 .3 0 6 .9
8 3 5 .2
4 .5
L 2 1, l.0 0 4 .0
1 .8 8 8 .7
377,=
5 .0 3 5 .3
749,
404,
2 .4 9 6 .0
685,
4.676.0
220,
1 .7 5 1 .0
1 0 ,1 5 2 , " 1 ,9 4 1 ,
4 ,8 5 9 ,
1 ,0 3 6 ,2 0 3 .9
2 ,8 6 7 .

1 .0 9 0 .0
1 .9 8 0 .0
1 ,0 9 6 ,3
7 9 6 .0
3 .5 2 1 .5
3 7 0 .0
2 .9 7 9 .0
3 2 9 ,6
2 .3 8 0 .0
6 6 6 .1
8 0 4 .4
1 6 8 .3
2 2 6 ,0
1 1 1 .3
3 2 6 .2
1 6 5 ,9
7 9 8 .5
1 .8 7 0 .0
1 .7 1 6 .7
4 6 9 .4
6 1 2 .4
7 0 4 .5
1 ,4 8 1 ,2

692.4

3 1 6 .3
7 3 1 .2
1 .6 8 1 .7
3 8 1 .8
1 5 3 .3
4 7 1 .6
5 1 2 .2
3 4 4 .2
3 * 4 ,0
4 8 1 .0

251.0

3 0 1 .0
2 .2 1 6 .0
1 .7 7 8 .5
1 4 5 .8
5 6 6 .2
6 8 3 .0
6 0 7 .0
5 6 1 .0
2 .0 3 4 .6

232.1

2 0 5 .1
3 0 6 .0
9 5 ,1
3 0 2 .7
4 8 5 .9
5 2 8 .7
4 6 8 .6
594, i
2 5 9 .0
5 3 3 .6
3 5 9 .3
1 7 7 .3
4 0 6 .0
2 2 6 .0
6 3 3 .0
1 7 0 .0
8 8 3 .6
2 0 4 .5
4 3 3 .0

1 0 .7 8 0 .0

I f , ?36,0
6 .9 9 6 .0
6 .0 6 6 .0
1 5 .9 9 9 .1

3.581.0
1 8 .1 7 2 .0
2 ,7 8 1 ,4
2 3 .1 3 5 .3
4 .1 6 0 .2
4 .4 9 8 .3
1 .9 3 7 .7
2 .5 7 0 .0
1 .1 3 1 .4

3.232.7
1 .8 3 9 .5
2 ,8 4 0 ,2
1 4 .8 0 8 .0
1 0 .5 1 0 .5
4 .9 9 0 .4
8 .4 7 4 .0
3 .2 9 2 .1

11.442.0
6 .2 6 0 .6
2 ,8 4 7 ,9
5 .0 0 8 .7
1 5 .7 3 4 .6
2 .8 1 3 .0
2 .8 7 0 .8
3 .1 7 7 .0
4 .2 5 3 .7
2 .4 7 8 .1
3 .0 2 3 .0
6 .1 3 2 .9
4 .6 5 5 .7
3 .9 4 2 .1
2 1 ,7 3 4 ,0
2 6 ,6 4 9 ,5
l,0 6 s ,6
1 6 .5 1 0 .4
8 .2 6 5 .0
5 .7 7 1 .0
3 .7 4 1 .9
2 0 .8 5 5 .2
5 .0 8 9 .4
1 .3 5 8 .2
3 .2 6 2 .0
3 ,5 b 8 ,2
2 .5 7 3 .9
1 4 ,0 3 8 ,8
6 .2 7 8 .1
3 .2 7 4 .9
3 .3 3 7 .1
8 .0 5 6 .4
6 .0 2 3 .5

5.371.6
2 .0 8 8 .2
6 .6 2 7 .6

2.641.0
5 .3 3 3 .0
1 .5 0 1 .0
1 0 ,6 2 6 ,5
5 .0 1 7 .0
2 .5 7 8 .7

6 0 ,4 2 2 .7 7 0 1 « 3 .3 4 3 4 .4 6 8 3 7 1 .6 2 3 .7 1 4 7 .4 9 5 .6 4 3 0 5 0 4 .4

15

2
2%

98
125

100
2

5
5

102
127
23

S E C U R IT IE S .

B id .

S . C . ( e o n t .) — B r o w n c o n s o l . 6 s . 1 8 9 3
T e n u e s s e e - 6s , o l d ............... 1 8 9 2 - 1 8 9 8 .
C o m p r o m i s e , 3 -4-5-63................... 1 9 1 2
N e w s e t t l e m e n t , 6s ......................... 1 9 1 3
5 s .................................................................................1 9 1 3
3 s .................................................................................1 9 1 3
V i r g i n i a — 6s , o l d ...................................................
6s , c o n s o l i d a t e d b o n d s ..............................
6 s , c o n s o l i d a t e d , 2d s e r i e s , r e c t s .
6s , d e f e r r e d t ’ s t r e o ’ t s , s t a m p e d .

97
62
72

A sk.

76

______lC
103
105
76%

5

6*4

10 1 %
101

New York City, Boston and Philadelphia B anks:
b a n k s

(0 0 s o m it t c l .)

10

...............1 9 0 0
N e w b o n d s , J & J ............... 1 8 9 2 i 8 9 8
C h a t h a m R R ........................
S p e c ia l t a x , C la s s I . .
C o n s o l i d a t e d 4 s .................. ...............1 9 1 0
6s ........................................................... ...............1 9 1 9
R h o d e I s l a n d — 6s , c o u . 1 8 9 3 - 1 8 9 4
S o u t h C a r o l i n a — 6s , n o n - f u n d . 1 8 8 8

New York City Bank Statement for the weekending Mch.
5, 1893, is as follows. We omit two ciphers (00) in all cases.
BANKS.

A sk

100

...............1 8 9 3

Capital &
Surplus. Loans.

.

. Y o r k .*
F e b . 25 . . .
M a r . 4 ____
“
11....
“
1 8 ....
“
2 5 ____
B o s t o n .*
M a r . 11 . . .
“
1 8 ....
“
2 5 ....
P liila .*
M a r . 1 1 ____
44 1 8 . . . .
44 2 5 . . . .

$
1 2 9 .6 1 4 .3
1 2 9 .6 1 4 .3
1 2 9 .6 1 4 .3
1 2 9 .6 1 4 .3
1 3 0 ,6 0 6 ,0

$
4 5 8 ,5 7 0 ,9
4 5 2 .9 1 7 .4
4 6 4 .7 7 5 .5
4 3 * .3 0 4 * 0
4 3 4 ,4 6 8 ,3

Specie.

Leoals.

$
7 2 .9 5 9 .0
7 2 .3 5 3 .5
7 2 .3 5 0 .1
7 2 .1 3 9 .5
7 1 .6 2 3 .7

$
5 4 ,6 0 2 ,8
4 9 ,6 5 0 ,7
4 4 .0 9 5 .5
4 4 .3 8 9 .6
4 7 .4 9 5 .6

6 4 .6 4 2 .9 1 5 6 ,1 3 9 ,2 1 0 .4 7 6 .3
6 4 .6 4 2 .9 1 5 4 ,6 : 0 , 8 1 0 .6 1 2 .3
6 4 .6 4 2 .9 1 5 4 ,0 5 5 ,8 1 0 .6 2 1 .8
3 5 .7 9 3 .7 1 0 1 .1 3 8 .0
3 5 .7 9 3 .7 1 0 1 .2 8 9 .0
3 5 .7 9 3 .7 1 0 1 .5 5 2 .0

7 5 1 .1 3 2 .5
7 9 0 .7 5 0 .5
6 3 8 ,8 8 2 ,4

4 ,8 2 4 ,9 1 3 5 .5 5 4 .3 5 ,6 2 5 ,4
4 .4 0 4 ,6 1 3 4 .1 9 9 .3 5 .7 0 6 ,9
3 ,8 9 7 ,8 1 4 1 .4 4 9 .5 5 .7 3 8 .0

9 9 ,2 2 1 ,5
9 5 ,2 8 7 ,2
8 9 .1 6 0 .1

3 0 ,0 0 5 .0
2 9 .4 1 3 .0
2 9 .4 2 3 .0

* We omit two ciphers in all these figures.

$
7 4 5 ,8 7 2 .0

4 7 2 .7 0 8 .1 5 ,5 7 2 ,2
4 6 2 .0 0 4 .3 5 .6 4 0 .4
447.209.3 5 ,6 0 0 ,7
4 4 1 .9 6 1 .1 5 .6 3 4 .0
4 3 9 .5 0 4 .4 5 .6 1 8 .5

800,316,6

1 0 2 .1 6 9 .0 3 ;5 8 8 ,0
1 0 1 .9 1 1 .0 3 .6 0 5 .0
1 0 1 .5 6 8 .0 3 .6 9 7 .0

6 0 .b 4 6 ,O
6 7 .2 9 3 .1
6 2 ,9 5 8 ,0

t In c lu d in g , f o r B o s to n a n d P h lla

d e lp h ia , t h e it e m ** d u e t o o t h e r b a n k s . ”

Miscellaneous and Unlisted Bonds.—Stock Ex. prices.
M i s c e l la n e o u s R o n d s .
C a h a b a C o a l M in .— 1 s t g . 7 s . .
C h , Ju n .c fe S . Y d s . — C o l .t . g ,5 s
C o lo r a d o F u e l — G e n . 6s ................
C o l. & H o c k . C o a l & I . — 6s , g
C o n s o l’ n C o a l— C o n v e r t . 6s . . .
C o n s .G a s C o . C h i c . — 1 s t g u .5 s
D e n v . C . W a t . W k s . — G e u .g .5 s
E a s t R i v e r c a s 1 s t g . 5 s .............
E d i s o n E l e c . 111. C o . —1 s t 5 s .
E q u i t a b l e G . & F . — 1 s t 6s ____
H e n d e r s o n B r i d g e - 1 s t g . 6s .
H o b o k e n L a n d & I r n p .- g . 5 s
M ic h .- P e n i n . C a r 1 s t 5 s , g ____
M u t u a l U n i o n T e l e g . — 6s . g . .
N a t io n a l S t a r c h M f g . — 1 s t (>s.
N o r t h w e s t e r n T e l e g r a p h —7 s .
P e o r i a W a t e r C o .— 6s , g . .
N

o te

.— “ 5 ” i n d i c a t e s p r i c e

M i s c e l la n e o u s B o n d s .

1 0 4 34b .
9 0 b.

P e o p le ’ s G a s & C . i 1 s t g . 6s .
C o ., C h i c a g o — > 2 d g . 6s .
P le a s . V a l l e y C o a l —1 s t g . 6s .
P r o c t e r & G a m b l e — 1 s t g . 6s
S u n d a y C r e e k C o a l l s t g 6s ..
W e s t e r n U n i o n T e l e g . —7 s . .
W h e e l . L E & P . C o a l - 1 s t g .5 s

U n l is t e d

9 3 *4a.

122 b.
99 a.
108% b.
93% b.
i ’0 3 * 'a .

bid;

“

a”

B on ds.

A l a . & V i c k s . —C o n s o l. 5 s , g .
V i c k s . & M e r i d . l s t 6s ..............
A t l a n t a * C h a r i . — 1 s t 7 s ____
C o m sto c k T n n n e l—In c . 4 s ..
G e o r g ia P a c i f i c — 1 s t 6s g . . . .
2d m o r t . in c o m e ..............................
C o n s o l. 5 s , g ........................................
I n c o m e 5 s ................................................
M o m .& C h a r l e s t o n — C o n . 7 g
p r ic e

asked.

10334a.
S 8 V '.
108 b.
1C4 b.
111 b.
80 a.
90 b.
102 b.
115 b.
12% *
101 b .
49

br

90

b

* L a t e s t p r ic e t h is w e e k

Bank Stock List.—Latest prices of bank stocks this week
b a n k s

.

A m e r i c a ..........
A m . E x c li...
B o w e r y .............
B ro a d w a y ...
B u tc h s’& D r.
C e n t r a l .............
C h a s e ..................
C h a t h a m ..........
C h e m i c a l ____
C i t y ........................
C i t i z e n s ’ ...........
C o lu m b ia ____
C o m m e r c e ...
C o n t in e n t a l.
C o rn E x c b ..
D e p o s it .............
E a s t R iv e r ..
U t h W a r d ...
F i f t h A v e ____
F i f t h .....................
F i r s t .....................
F i r s t N ., S . I .
1 4 th S t r e e t ..
F o u r t h ............. .

BA N KS.
215
156
315
262
183
135
450
407
4400
425
157
275
190
130
250
115
150
200
2000
215
2500
114
175
200

|

G a l l a t i n ............. 3 0 5
G a r f i e l d ..............14 0 0
G e rm a n A m . 122
G e rm a n E x . . 350
G e r m a n ia .... 330
G r e e n w ic h . . 100
H a n o v e r ........... .335
H u d . R i v e r . . 152
411
I m . &T r a d ’s ’ 6 9 0
4800
I r v i n g ................ 1 6 0
L e a th e r M fs ’ 233
165
L i n c o l n .............. 4 3 0
1 9 1 *2 M a n h a t t a n . . 1 9 0
M a r k e t * F u l 232
M e li a c u ic s ’ . . 1 9 0
265
M ’c h s ’ * T r s ’ 175
M e r c a n tile ..
M e r c h a n t s ’ . . 145
M o r c h ’ t s E x . 132
M e t r o p o lis . 4 5 0
M t. M o r r is .. 325
M u rra y H ill 350
170
N assau .
N e w Y o r k ... 230

225
158
330
270
190
145

A sk.
325

180
245
240
190
227
150
____
490

2*37

BA N K S.

B id .

N .Y . C o ’n ty 630
N .Y . N a t. K a 130
13 )
1 9 th W a r d .. 190
N . A m e r ic a . 160
O r i e n t a l ---- 2 4 3
P a c i f i c ............. 1 9 5
P a r k .................... 3 1 2
P e o p le ’ s ____ 2S 0
P h e n i x ............ 1 2 5
P r o d u c e E x . 134
R e p u b li c .... 170
S e a b o a r d . . . 170
S e c o n d .............. 3 2 5
S e v e n t h ____ 1 3 0
S h o fe & L e ’th 155
S t . N ic h o l a s . 1 3 0
S o u t h e r n . . . 110*2
S t a t e o f N . Y . 115
T n i r d ................ 112
T r a d e s m ’ n ’ s 111
U n ’ d S t a t e s 212
W e s t e r n . . . 114
W e s t S id e .. 2 3 0

175
250
3 2 5 *'
130137
180

165

225
1 8
250

THE CHRONICLE,

582

rv v l . l v l

BOSTON, PHILADELPHIA. AND BALTIflOKE STOCK EXCHANGES.
S h are P r ic e * — n o t P e r C e n tu m P r ic e s

Active Stocks.
f In d ic a t e s u n lis t e d

S a tu rd a y ,
M a rc h 2 5 .

A,tah. T . <fe 8 . Fe (Boston). 1 0 0
A t la n t ic & P a c .
“
100
B & lt im o r e & O h io ( B a l l . ) . 1 0 0
*
1 st p re fe rre d
**
100
2d p re fe rre d
“
100
25%
B a l t i m o r e T r a c ’ n . (Phil.)
B o s t o n A A l b a n y <Boston). 1 0 0 2 1 8
*
B o s to n & L o w e ll
100
172%
B o s t o n & M a in e
100
*18
100
C e n tra l o f M ass.
*5 2
P re fe rre d
O h ic .B u r .A Q u in .
£5 *4
76%
33%
*3 %
3 3*3

5*3
C le v e . & C a n to n
*16%
P r e f e r r e d _____
F it c h b u r g p r e f.
*35
H u n t . & B r . T o p . (Phila ). 5 0
*5 0
P re fe rre d
“
50
L e h ig h V a lle y
“
50
4 8 *8
M a i n e C e n t r a l (Boston) . 1 0 0 * 1 2 7
M e t r o p o l i t a n T r a c . f P / t i f ; ............
M e x i c a n C e n t ’ J f .Boston). 1 0 0
*9 %
29 *3
N Y . & N . Eng.
“
100
7 3*3
P r e f e r r e d ....
“
100
*69
N o r t h e r n C e n t r a l (Balt.). 5 0
16%
N o r t h e r n P a c i f i c (Phila.). 1 0 0
42
P re fe rre d
“
100
O l d C o l o n y . . . . (Boston). 1 0 0 1 9 5
5334
P e n n s y l v a n i a . . (Phila.). 5 0
27
P h ila d e l. & E r i e .
“
50
P h i l a . & R e a d in g
“
50
12*3
P h ila d e lp h ia T r a c . “
_____
S a m m i t B r a n c h (Boston). 5 0
U n io n P a c if ic
“
100
3 7*4
U n i t e d C o s . o f N . J . (Phila.) 1 0 0 * 2 2 9 * 3
*5 %
W e s t e r n N .Y .& P a f P A iV a j.lO O

33%

M onday,
M a rc h 2 7 .

33 %

34 %
4

Tu esd ay,
M a rc h 2 8 .

33 %

1 0 2 *4
1 0 2 % 1 0 3 *3 1 0 1 % 1 0 3
98
98%
98
98%
P r e f e r r e d ................
“
98
201
202
203
B e l l T e le p h o n e ..
100 202
202
3
2
3
2
3
2
*
31%
*
3
1
%
B o s t. & M o n ta n a
25
B u t t e & B o s t o n ..
10=r
1 0 *4
25
*10
10%
1 0=8
*
3
1
2
*
...............
3
1
5
C a ln m e t & H e c la
25
318
a n t o n C o ................... (Balt.). 1 0 0
6
3
o n s o lid a t e d G a s
“
100
63
63%
63%
6 3*2
4634
46 *3
4 6*«
E r i e T e l e p h o n e (Boston) . 1 0 0
46%
46 *3
1
0
5%
G e n e ra l E le c t r ic ..
“
100 1 0 5 % 106%
105% 106%
*1 1 2
P r e f e r r e d . .................
“
100 *112
114
113
114
2
2
21
21
2134 2 1 %
L a m s o n S to re S e r.
“
50
L e h i ’ h C o a l A N a v 'Phil.)
50
51=8 51=8
51%
51=8 *5 1= 8
N . E n g . T e l e p h o n e (Bost’n) 1 0 0
*5 7 *3
10%
n %
1 1*8 1138
N o r t h A m e r i c a n . (Phil.).100
1 1*3
W e s t E n d L a n d . . (BosVn)_____
17%
17=8 1 7 % * 1 7 %
17=8
* B i d a n d a s k e d p r ic e s ; n o s a le w a s m a d e .

g

Prices of March 3 0 .
A t l a n t a A C h a r lo t t e
{Balt.).100
B o s t o n & P r o v i d e n c e {Boston). 1 0 0
C a m d e n A A t a n t i o p f . {Phila.). 5 0
C a t a w i s s a .................................
“
50
1 s t p r e f e r r e d ................
“
50
2 d p r e f e r r e d .......
“
50
c e n t r a l O h i o ........................
{Bali.). 5 0
C h a r i. C o L & A u g u s ta
“
100
C o n n e c t i c u t & P a s s . (Boston). 1 0 0
C o n n e c t ic u t R i v e r . . .
“
100
D e la w a re A B o u n d B r .( P A i ia .) .1 0 0
F l i n t A P e r e M a r q . . . (Boston) . 1 0 0
P r e f e r r e d .....................................
“ 100
H a r . P o r t s . M t . J o y A L . (Phila.). 5 0
K a n . C * y F t . S . A M e m . (Boston) . 1 0 0
P r e f e r r e d ....................................
“
100
K . C it y M e m . A B i r m .
“
100
L i t t l e S c h u y l k i l l ............ (Phila,). 5 0
M a n c h e s te r A L a w . . (B o s to n ). 1 0 0
M a r y la n d C e n t r a l .. . .
(Balt.) 5 0
M i n e H i l l A 8 . H a v e n (Phila.). 5 0
N e s q u e h o n in g V a l....
u
50
N o r t h e r n N . H .....................(Boston). 1 0 0
N o r t h P e n n s y l v a n i a . (Phila.). 5 0
O r e g o n S h o n L i n e . . . (Boston). 1 0 0
P e n n s y l v a n i a A N . W . (Phila.) 5 0
R u t l a n d ........................................( Boston). 1 0 0
P r e f e r r e d .................. ...
100
S e a b o a rd A R o a n o k e .
(Balt.) 1 0 0
1 s t p r e f e r r e d ...................,
“
100
W e s t E n d .................................... t(Boston). 5 0
P r e f e r r e d ....................................
“
50
W e s t J e r s e y .............................. (Phila.). 5 0
W e st Je rs e y A A tla n .
“
50
W e s te rn M a r y la n d ..
(Balt.). 5 0
W ilm . C o l. A A u g u s t a
“
100
W ilm in g t ’ n A W e ld o n
"
100
W i s c o n s i n C e n t r a l . . . (Boston). 1 0 0
) P r e f e r r e d ....................................
“
100
W o r o ’s t . N a s h .A R o c h .
"
100
M ISCELLAN EO US.
A l l o u e z M i n i n g ............... (Boston). 2 5
A t l a n t i c M i n i n g ...............
“
25
C it y P a s s e n g e r R R . . .
(Balt.). 2 5
B a y S t a t e G a s ...................... (Boston). 5 0
B o s t o n L a n d ..............................
“
10
C e n t e n n ia l M i n i n g ...
“
10
F o r t W a y n e E le c t r ic ^
“
25
F r a n k l i n M i n i n g .............
**
25
F r e n c h m ’ n ’s B a y L ’ n d
“
5
H u r o n M i n i n g ...........................
“
25
I l l i n o i s S t e e l I I ...........................
•'
100
K e a rs a rg e M in in g ....
**
25
M o r r i s C a n a l g u a r . 4 . ( P A z 7 a ,) .1 0 0
P re fe rre d g u a r. 1 0 .
“
100
O s c e o l a M i n i n g ..................(Boston). 2 5
P u llm a n P a la c e C a r . .
“
100
Q u i n c y M i n i n g ...................
“
25
T a m a r a c k M i n i n g _____
“
25
T h o m .E u r o p .E .W e l d U
“
100
U n i t e d G a s «n i p t .
(Phil.)..................
U n lis t e d .

33 %
*3%

33 %
4

T h u rs d a y ,
M a rc h 3 0 .

33 %
*3%

B id .

A sk.

1 0 3 * 8 1 0 2 7g 1 0 3 5 s
98
98
98
202
t l8 9
191
32
31 *4 3 1 %
1 0 *4
10 *4
10%
312
*300
312
*6 7
7 2*4
62%
6 3*8
63*4
4 6 34
4 ,6 % 4 6 %
107%
1 0 6 *4 1 0 6 *4
114
113
1 1 3 *4
22%
24
2 2*4
51%
5 1 78
56
57
10%
* 10 % 11
17%
17%
t E x r ig h t s .

Inactive stocks.

1 0 3 = 8 106=8
98
98
1 8 9 *4 1 9 1
*3 1 *4
31%
1 0*8 10*e
312
312
62
6 2 5g
*4 6
47
106% 106%
113
113
24
24%
51%
51=e
55
56
11 *4
11*4
*1 7 %
17%

B id .

A sk.

2
W a t e r P o w e r ......................... ( B o s t o n ) . 1 0 0
33%
W e s t i n g . E l e c t r i c .............
“
50
3 4*4
B o n d s— B o sto n .
A t .T o p .A S .F .1 0 0 - y r .4 g .,1 9 8 9 , J A J
81%
2 d 2 % - 4 s , g ., C la s s A . . 1 9 8 9 , A A O
53 *8
B u r l. A M o . R iv e r E x e m p t 6 s , J A
5
57
56
N o n - e x e m p t 6 s .....................1 9 1 8 , J & J
56
P l a i n 4 s ............................................1 9 1 0 , J A J
55
56
C h ic . B u r l . A N o r . 1 s t 5 ,1 9 2 6 , A & O
1 0 1 *3 10 2
2 d m o r t . 6 s .............................. 1 9 1 8 , J A D
1 0 1 *3
1 0 0 *4
D e b e n t u r e 6 s .........................1 8 9 6 , J A D
1 2 5 * 3 ............
91
90
C h ic . B u r l . A Q u in c y 4 s .. 1 9 2 2 , F A A
2 3 2 *s 235
95
I o w a D i v i s i o n 4 a ............1 9 1 9 , A A O
97
C h ic .A W .M ic h . g e n . 5 s , 1 9 2 1 , J A D
62
C o n s o l, o f V e r m o n t , 5 s . 1 9 1 3 , J A J
97
C u r r e n t R i v e r , 1 s t , 5 s ..1 9 2 7 , A A O
78
104
D e t . L a n e . A N o r ’n M . 7 s . 1 9 0 7 , J A J
1 1 9 *3
F a s te rn 1 s t m o rt . 6 g ., 1 9 0 6 , M A S
I r e e . E l k . A M . V . , 1 s t , 6 8 .1 9 3 3 , A A O
1
21
U n s t a m p e d 1 s t , 6 s _____1 9 3 3 , A A O
67
6 7*3
77
K . C . C . A S p r in g .,1 s t ,5 g .,1 9 2 5 , A A O
1
00
K C . F . 8 . A M . co n. 6 s, 19 2 8 , M A N
4 4*3
68
K .C . M e m . A B i r . , 1 s t ,5 s ,1 9 2 7 , M A S
67%
53
5 2*3
K .
C . S t. J o . A C . B ., 7 s .. 1 9 0 7 , J A J
92
L . R o c k A F t . 8 ., 1 s t , 7 s . . 1 9 0 5 , J A J
85
110
82
L o u i s . ,E v .A S t . L ., 1 s t ,6 g . 1 9 2 6 , A A O
2034
2 m . , 5 — 6 g ............... ...............1 9 3 6 , A A O
20
9 7*3
M a r . H . A O n t . , 6 s .............1 9 2 5 , A A O
103
E x t e r n 6 s .................................... 1 9 2 3 , J A D
105
M e x ic a n C e n t r a l, 4 g . . .1 9 1 1 , J A J
62
20
1 s t c o n s o l .i n c o m e s , 3 g , n o n - c u m .
2 d c o n s o l, in c o m e s , 3 s , n o n - c u m .
10
N . Y . A N .E n g ,, 1 s t , 7 s , 1 9 0 5 , J A J
69
1 1 7 *a
82^8 8 3
1 s t m o r t . 6 s ............................. 1 9 0 5 , J A J
1 1 0 *3
2 d m o r t . 6 s .............................. 1 9 0 2 , F A A
102
O g d e n . A L . C ., C o n .6 s .l9 2 0 ,A A O §
106
15
18
I n c . 6 s ..........................................................._ 1 9 2 0
106
R u t l a n d , 1 s t , 6 s .....................1 9 0 2 , M A N i
2 d , 5 s ..............................................1 8 9 8 , F A A 1
100

12*3

•6 0
9%
1 6*3
4%

8*2
12 *4
12%
4 78
62

8*3

35
197
130
161
6
t8

§ A n d a c c ru e d in t e r e s t .

40
133

A l l e g h e n y * V a l! ^ 7 3 -^.Os ! l l s S t , J & J
A t l a n t i c C it y 1 s t 5 s , g ., 1 9 1 9 , M A N
B e lv id e r e D e l., 1 s t , 6 s . . 1 9 0 2 , J A D
•8 0
C a t a w i s s a , M . , 7 s ............... 1 9 0 0 , F A A
C le a r f ie ld A J e f f ., 1 s t , 6 s . 1 9 2 7 , J A J
C o n n e c t i n g , 6 s ............... 1 9 0 0 - 0 4 , M A S
1 6 5 8 D e l . A B ’d B r ’k , 1 s t , 7 s . 1 9 0 5 , F A A
E a s to n A A m . ls t M .,5 s . 1 9 2 0 , M A N
8 % E lm ir . A W ilm ., 1 s t , 6 s . 1 9 1 0 , J A J .
1 2 % H u n t . A B r ’ d T o p ,C o n . 5 8 . ’9 5 ,A A O
13
L e h i g h N a v . 4 * 3 S ..................1 9 1 4 , Q — J
5
2 d 6 s , g o l d ................................1 8 9 7 , J A D
G e n e ra l m o rt . 4 *28, g .l9 2 4 ,Q — F
L e h ig h V a l l e y , 1 s t 6 s . . . 1 8 9 8 , J A D
9%
2 d 7 s ................................................. 1 9 1 0 , M A S
80
C o n s o l . 6 ......................................1 9 2 3 , J A D
N o r t h P e n n . 1 s t , 7 s _____1 8 9 6 , M A N
35%
G e n . M . 7 s ...................................1 9 0 3 , J A J
198
P e n n s y lv a n ia g e n . 6 s , r .. l 9 1 0 , V a r
134
C o n s o l. 6 8 , c
....................1 9 0 5 , V a r
164
C o n s o l . 5 s , r ............................... 1 9 1 9 , V a r
7
C o l l a t . T r . 4*3 g ..................1 9 1 3 , J A D
P a . A N . Y . C a n a l,7 8 .. .1 9 0 6 .J A D

\L a s t

p r ic e t h is w e e k .

107%
101%
112
115

125
110
101
109
110%
104%
1 1 0 *3
130
126
111
126
1 2 7 *2
1L8
113
125

F r id a y ,
M a rc h 3 1 .

34 %
4

*
4
*3= 8
91
91
S 8*«
9 0*2
* 1 3 2 % .............. * 1 3 2 * 4 ...............
1 3 2 * 3 * 1 3 2 * a ............... * 1 3 2 * 4
125
*.
. 125
2538 2530
25%
*2*6*i
26%
26 *4
25%
25%
25%
218
218
218
218
2 1 7 *8 2 1 8
218
218
218
*190
192
191
191
191
191%
1 9 1 *3 1 9 1 *2 1 9 1
173
173
173
173
173
173
173
173
173
19
*1 8
18
IS
*1 8 *4
20
*1 8
...............
*5 2 *4 5 5
55
52
52
*52%
55
52
52
9 4 78 9 5 * 4
95%
96%
9 4 78 95 %
95
96
95%
76%
77%
76%
76=8
76=8 7 6 %
76%
76%
76% .
41
41
41
42
5
5
5
%
*
5
5
*
4
5
*
4
5*2
*5 *4
6
1638 1 6 %
*1 6 *4
* 1 6 * 4 ...............
16 *4
16 *4
18
91
92
92
91
* 9 1 * 4 ...............
91
91
36
36%
*3 5 *4 3 6
36
3 6 v *3 5 *3
5 1 *3 5 1*3
5 1 *4 5 1 *4
5 1 *4 51 *4
4 7 * 4 47 *4
47%
48
47 % 4 8 %
48
48%
48%
1 29La 1 3 0
* 1 2 8 * 4 ............
1 3 9 *4 1 3 9 3 4 1 3 9 *4 1 3 9 *4 1 3 9 % 1 3 9 %
137
138
*1 0
1 0 **
10
10
10
10%
10%
10 *4
30
2 8*4
28%
29%
29%
30%
28*4
2 9*4
30
74
74
71%
70*4 71
74
70*4
7 2 *4
71 *4
*6 9
69
69
69
69
*6 9
..............
17
17%
17%
17 *8
*165s
17
17 *4
1 7 *4
17
42%
4 3*2
42%
43 % 43 %
42%
43
4 3*8
42 *4
194
194%
194
1 9 4 *4
1 9 4 *4 1 9 5
196
195
195
53%
53%
5 3 7P
53=8 53 %
53%
53%
53=8 5 3 %
*
2 7 *s
* 2 5 * 4 ...............
27
1 2 3 16 1 2 % 1 1 1 3 16 12= 16 1 1 % i u = le
11% n %
12%
134
134
134
134
134
134
1 3 4 *4 1 3 4 %
7*4
*6 *4
7 *4
37
37
3 7*4
37*s
37=s 3 8
37 *4
37 % 37 %
230
230
2 2 9 *4 22934 *2 2 9 *4 2 3 0
230
230
230
*5 %
6
5%
5%
*5%
6
*5 %
6
6

M is c e lla n e o u s Stocks,
Am. S u g ’ r R e f l n . f f f B o s t o n . ; . . . .

Inactive Stocks.

33=8
4
9 0*4

W ed nesd ay,
M a rc h 2 9 .

S a le s
o f th e
W eek,
S h a re s.
2 8 ,5 0 3
' ” '3 5

a
O
d
d

4 ,0 8 7
115
20
487
1»0
110
9 ,4 4 8
4 ,1 2 5
75
162
150
105
200
252
3 ,6 0 7
14
1 ,2 2 0
51
1 1 ,2 9 0
500
52
2 ,1 5 1
7 ,9 2 5
287
2 ,2 8 2
IC O
6 3 ,6 9 1
728
1 ,8 3 0
55
100

R a n g e o f s a le s in 1 8 9 3 .
L o w e st.
31
M a r. 16
3
F e b . 21
8 8*4 M a r. 2 5
135
F e b . 13
122
J a n . 18
25
Feb . 20
208
Ja n .
3
1 8 6 *4 J a n .
3
163
F e b . 27
17*4 M a r. 4
46
Ja n .
3
91 *4 M a r. 1 6
74 *2 M a r. 16
41
M a r. 27
5
F e b . 10
1 5*4 M a r. 16
8 7 % J a n . 10
3 3 *s F e b . 21
49
F e b . 21
44 *4 F e b . 2 0
125
Ja n .
9
124
M a r. 7
9*2 M a r . 21
2 L is M a r. 1 6
65
M a r . 15
6t>
M a r. 22
1 4 *2 F e b . 2 0
3 6 58 F e b . 2 7
1 8 4 *4 J a n .
3
52 *2 F e b . 27
27
M a r. IS
11% 6 M a r. 9
11 5 % J a u . 13
6
J a n . 27
3 4 78 M a r . 1 6
x2 2 9 *sM a r2 1
51*2 M a r . 3

1 8 ,4 4 5 x 9 3
919
9 3 78
644 t l8 9
720
31
455
10
5 295
70
1 ,9 8 9
5 8 78
45
49
5 ,0 4 3
9 9 78
19 1 1 2
193
15 *4
51
148
55
56
522
9
235
1 6 *4

M a r.
M a r.
M a r.
M a r.
Feb.
Ja n .
Ja n .
Ja n .
Feb.
M a r.
Ja n .
Ja n .
Feb.
M a r.
Feb.
Feb.

H ig h e s t .
36%
4%
97%
135
122
29%
227
200
178
22%
62 *4
103%
83%
49%
6
19 *4
95
40%
56
62
130
150%
13
52
102
70 *4
1 8*a
50 *4
221
55 *3
35
2 6 78
1 4 2 *3
7
4 2*3
232%
7%

Ja n .
Ja n .
Ja n .
Feb.
Ja n .
Ja u .
Feb.
Feb.
Ja n .
Feb.
Feb.
Ja n .
Ja n .
Feb.
Feb.
Feb.
Feb.
Ja n .
Ja n .
Ja n .
Feb.
Ja n .
Ja n .
Ja n .
Ja n .
Ja n .
Feb.
Feb.
Feb.
Ja n .
Ja n .
Ja n .
Feb.
Feb.
Ja n .
M a r.
Ja n .

16
14
27
13
18
24
6
6
26
14
u
21
23
3
3
:»
6
12
9
27
6
28
16
17
13
23
6
6
6
27
IB
25
8
28
27
13
24

134%
1 0 4 *3
212
345s
12
320
7 2*3
6 3*3
5 0*3
1 1 4 *4
119
26 *3
54%
6 1*3
11%
18

Feb.
Ja n .
Ja n .
Ja n .
Ja n .
Ja n .
Ja n .
M a r.
Ja n .
Ja n .
Ja n .
Feb.
Feb.
Ja n .
Ja n .
Ja n .

6
19
27
16
17
21
18
27
16
16
18
20
2
20
23
4*

Bonds.

P a . A N . Y . C a . , c o n . 5 8 .1 9 3 9 , A A O
P e r k io m e n , 1 s t s e r . , 5 s . 1 9 1 8 , Q — J
P n i l a . A E r i e g e n . M . 5 g .,1 9 2 0 , A A O
G e n . m o r t . , 4 g .................. 1 9 2 0 , A A O
P h ila A R e a d , n e w 4 g ., 1 9 5 8 , J A J
1 s t p r e f . in c o m e , 5 g , 1 9 5 8 , F e b 1
2 d p r e f . in c o m e , 5 g , 1 9 5 8 , F e b . 1
3 d p r e f . in c o m e , 5 g , 1 9 5 8 , F e b . 1
2 d , 7 s . . . .....................................1 8 9 3 , A A O
C o n s o l , m o r t . 7 8 ............1 9 1 1 , J A D
C o n s o l , m o r t . 6 g ............1 9 1 1 , J A D
Im p r o v e m e n t M . 6 g ., 1 8 9 7 , A A O
C o n .M .,5 g .,s t a m p e d ,1 9 2 2 ,M A N
P h i l . R e a d . A N . E . 4 s .......................1 9 4 2
I n c o m e s , s e r i e s n . ............................... 1 9 5 2
I n c o m e s , s e r i e s B ............................... 1 9 5 2
P h i l . W ilm . A B a l t ., 4 s . 1 9 1 7 , A A O
P i t t s . C . A S t . L . , 7 s _____1 9 0 0 , F A A
P o ’k e e p s ie B r i d g e , 6 g . 1 9 3 6 , F A A ,
S e h u y l.R .E .S id e .ls t 5 g .1 9 3 5 , J A D
S te u b e n . A In d .,ls t m .,5 s . 1 9 1 4 , J A J
U n i t e d N . J . , 6 g ....................1 8 9 4 , A A O
W a r r e n A F r a n k . , 1 s t ,7 s ,1 8 9 6 ,F A A
B o n d s .— B a lt im o r e .
A t la n t a A C h a r i., 1 s t 7 s , 1 9 0 7 , J & J
I n c o m e 6 s ..................................1 9 0 0 , A A O
B a lt im o r e B e lt , 1 s t, o s . 1 9 9 J , M A N
B a l t i m o r e A O h io 4 g . , 1 9 3 5 , A A O
P i t t s . A C o n n ., 5 g . . . l 9 2 5 , F A A
S t a t e n I s la n d , 2 d , 5 g .1 9 2 6 , J A J
B a l.A O h io S .W .,ls t ,4 * 3 g .I9 9 0 , J A J
C a p e F .A Y a d .,S e r .A .,6 g .l9 L 6 , J A D
S e r i e s B . , 6 g ............................1 9 1 6 , J A D
S e r i e s C . , 6 g ........................... 1 9 1 6 , J A D
C e n t . O h i o , 4 * 3 g ...................... 1 9 3 0 , M A S
C h a r i . C o l. A A u g . 1 s t 7 8 .1 8 9 5 , J A J
G a .C a r . A N o r. 1 s t 5 g ..l9 2 9 , J A J
N o r t h . C e n t . 6 s ............................1 9 0 0 , J A J
6 s . . . . . ................................................ 1 9 0 4 , J A J
S e r i e s A , 5 s ................................ 1 9 2 6 , J A J
4 * s s ......................................................1 9 2 5 , A A O
1 0 8 *8
P ie d m .A C u m .,ls t , 5 g . 1 9 1 1 , F A A
P it t s . A C o n n e lls . 1 s t 7 s . 1 8 9 8 , J A J
V ir g in ia M id ., 1 s t 6 s . ..1 9 0 6 , M A S
2 d S e r i e s , 6 s ..............................1 9 1 1 M A S
3 d S e r i e s , 6 s ............................1 9 1 6 , M A S
4 t h S e r i e s , 3 - 4 - 5 s .............1 9 2 1 , M A S
5 t h S e r i e s , 5 s .........................1 9 2 6 , M A S
W e st V a . C . A P . 1 st, 6 g . 1 9 1 1 , J A J
W e s t ’ L N .C . C o n s o l. 6 g .1 9 1 4 , J A J
W ilm . C o l. A A u g ., 6 s ..L 9 1 0 , J A D
M ISCELLANEOUS.
B a lt i m o r e — C i t y H a l l 6 8 .1 9 0 0 , Q — J
F u n d i n g 6 s ..................................1 9 0 0 , Q — J
W e s t M a r y l’d R R . 6 s . .1 9 0 2 , J A J
W a t e r 5 s .................................. 1 9 1 6 , M A N
F u n d i n g 5 s .............................1 9 1 6 , M A N
E x c h a n g e 3 * 3 8 ......................1 9 3 0 , J A J
V ir g in ia (S ta te ) 3 s , n e w . 1 9 3 2 , J A J
C h e sa p e a k e G a s ,6 s .....1 9 0 0 , J A D
C o n s o l . G a s , 6 s ....................... . 1 9 1 0 , J A L
5 s .............................................................. 1 9 3 9 , J A J
E q u it a b le
6«
io iq
\&c.

B id .

A sk*
1 ,3

...............
113
99 *4
73%
73 *4
46
45%
33
33 *4
24
24*4
1 0 4 * 4 ...............
126

9 9*4

101
101% .
1 1 4 *4
::::::
1 0 6 % 1 0 7 *4 107
i'0 5 %
1114%
t9 7
106
il0 1 %
U10%
103
107
1 0 7 *4
9 4*492
91
93
U 020s
1 0 2 *3
98*a
1 1 2 * 4 '.

1
1 1 0 8 *3 .
99
111^
t llO
J

106 V

................I 9 7 % .
107 % 107%
82
I ...............
117% ?.

118
121%
100% 101%
70
I 71
1 0 6 78 1 0 7 %
1 1 1 2 % ' ...............
100% 101%

A

p r il

THE CHRONICLE.

1 , 1 8 0 3 .J

533

NEW YOKE STOCK EXCHANGE PRICES (Continued).—A C T IV E BONDS M A R C H 3 0 , A N D FOR Y E A R 1 8 9 3 .
Ra

il r o a d

an d

m is c e l

.

bo n d s

.

Olos'ng Range (sales) in 1 8 9 3 .
Interest Price
Period. Mar. 3 0
Highest.
Lowest.

I ll's
1 1 0 % M a r.
A r n e r . C o t t o n O i l , d e b ., 8 g .1 9 0 0 Q — F
8 2 >9
A J
81% Ja n .
A t T o p .A 8 .F .- 1 0 0 - y r .,4 g .l9 8 9 J
5439
52% Feb.
2 d 2 % - 4 s , g . . C l . “ A ” . . . . 1 9 8 9 A. A O
S
e
p
t
,
54
M a r.
1 0 0 - y e a r I n c o m e , 5 g -------1 9 8 9
*68% b . 67% Ja n .
A f L A P a o . — G u a r , 4 g ----- 1 9 3 7
1
1
a
.
J
A
J
1
0
F
eb.
W . D . i n o . , 6 8 .....................................1 9 1 0
B r o o k l’n E l e v a t ’ d 1 s t , 6 , g . 1 9 2 4 A A O 1 2 0 % a . 1 1 6 % J a i l .
1
0
6
%
b
.
J
A
J
1
0
5
J
a
n.
D a n . S o u t h .— 1 s t g u a r ., 5 s 1 9 0 8
a. 9 9 % M a r.
3 d , 5 s ............................................................1 9 1 3 M A S 1 0 2
6
1
%
61% M ar
C e n t . G a . — S . & W . 1 s t o o n .5 s , ’ 2 9
Q—J * 115% b. 115
Feb.
C e n tra l o f N . J . — C o n s .,7 s .1 8 9 9
N *1 2 1 b. 1 2 0
Feb.
C o n s o l . . 7 s .......................................... 1 9 0 2 M A
A J I ll's
108% Ja n .
G e n e r a l m o rtg a g e , 5 g ..l9 8 7 J
a, 1 0 6 % M a r.
L e h . & W . B . , c o d . , 7 s , a s 7d . 1 9 0 0 Q — M * 1 0 8
n
95
Ja n .
d o . m o r t g a g e , 5 s ................1 9 1 2 m a
A J
109
: 108% Ja n .
A m . D o c k A I m p . , 5 s ----- 1 9 2 1 J
A J 108%
108
M a r.
C e n tra l P a c if ic — G o ld ,6 s .. 1 8 9 8 J
Ja n .
O h eB . A O h io — M o r t . , 6 g . . l 9 1 1 A A O U 7 % b . 1 1 6
102% Ja n .
l s t o o n B o l . , 5 g ...............................1 9 3 9 M A N 1 0 5
82%
79% Ja n .
G e n . 4 % s , g . . . . . . ___________ 1 9 9 2 M A S
81%
78% Ja n .
B . A A . D i v . ,l s t o o n ., 2 - 4 g .1 9 8 9 J A J
A J *79
a. 7 7
do
2 d c o n .,4 g ...l9 8 9 J
Ja n
O h io . B u r l . & Q . — C o n . , 7 s . 1 9 0 3 J A J 1 1 9 's D . 1 1 7 % M a r .
D e b e n t u r e , 5 s ..................................1 9 1 3 M A N 1 0 0 % b . 1 0 0 % M a r .
M a r.
C o n v e r t i b l e 5 s ................................1 9 0 3 M A S 1 0 4 % b . 1 0 2
91% b.
91% Feb.
D e n v e r D i v i s i o n , 4 s .............1 9 2 2 F A A
86 Ja n .
8 7 J9
N e b ra s k a E x t e n s io n , 4 s . 1 9 2 7 M A N
O h io . & E . I I I . — 1 s t , s . f . , 6 s . 1 9 0 7 J A D * 1 1 5 b. 1 1 3 % J a n .
O * 1 2 1 b. 1 2 1
Ja n .
C o n s o l . . 6 g . . _ ..................................1 9 3 4 A A
102
100
Ja n .
G e n e r a l c o n s o l. 1 s t , 5 s . .1 9 3 7 M A N
N 101%
101
M a r.
C h ic a g o A E r i e — 1s t , 4 -5 g .1 9 8 2 M A
M a r.
36
I n c o m e , 5 s .......... ................................1 9 8 2 O o t ’ b ’ r * 3 9 % b .
A
90%
90
M a r.
O h io . G a s L . A C . — 1 s t , 5 g . 1 9 3 7
127
125
Feb.
O h io . M i l . A S t . P . — C o n . 7 s . 1 9 0 5
11219 b . 1 1 4 F e b .
1 s t , S o u t h w e s t D i v . , 6 8 .1 9 0 9
115
b. 113
1 s t , S o . M i n . D i v . , 6 s _____1 9 1 0
Ja n .
109%
1 s t ,C h . A P a o . W .D iv ., 5 s . 1921
108% Ja n .
104
b. 1 0 2 % J a n .
C h io . A M o . R i v , D i v . , 5 s . 1 9 2 6
106% b 105
W ls . & M in n . D i v . , 5 g .,1 9 2 1
Ja n .
108
b. 1 0 5 % J a n .
T e r m i n a l , 5 g ..................................1 9 1 4
9 3 % t> . 9 0 % J a n .
G e n . M ., 4 g ., s e r ie s A . . .1 9 8 9
A
114
M i l . A h i o r . — 1 s t , c o n . , 6 8 .1 9 1 3
112% Ja u .
134
b. 1 3 4
M a r.
O h io . A N . W — C o n s o l . , 7 s . . 1 9 1 5 Q - F
b, 1 2 1 % J a n .
C o u p o n , g o l d , 7 s ......................... 1 9 0 2 J A D 1 2 1
S i n k i n g f u n d , 6 s ..........................1 9 2 9 A A O 1 1 6 b 1 1 3
Ja n .
S i n k i n g f u n d , 5 s ......................... 1 9 2 9 A A G * 1 0 8 % b . 1 0 8 % J a n .
S i n k i n g f u n d d e b e ii ., 5 s . 1 9 3 3 M A N 1 1 0 * g b . 1 0 6 % J a u .
2 5 - y e a r d e b e n t u r e ,5 . . . 1 9 0 9 M A N 1 0 4 b 1 0 3 *9 J a n .
a.
E x t e n s i o n , 4 s ................................. 1 9 2 6 F A A * 9 o
95
M a r.
O h io . P e o . A S t . L o u i s — 5 g . 1 9 2 8 M A S 1 0 0 a .
97% Ja n .
.1
A
J
*
1
2
3
b. 1 2 0
O h lo .R .I . A P a o .— 6 s , c o u p .1 9 1 7
Ja n .
E x t e n s io n a n d c o l .,5 s ... 1 9 3 4 J A J 1 0 0 %
100
Ja n .
92
b. 9 2
8 0 - y e a r d e b e n t . 5 s ..................1 9 3 1 M A S
M a r.
O h io . S t . P . M . A O . — 6 s . . . . 1 9 3 0 J A D 12219b . 1 1 9 % J a n .
92
C le v e la n d A C a n t o n — 5 . . . 1 9 1 7 1 A J
90
Ja n .
D 1 3 0 b.
0 . C . C . A I . — C o n s o l., 7 g .1 9 1 4 1 A
b. 1 2 0
G e n e r a l o o n s o l . , 6 g .............1 9 3 4 J A J 1 2 1
Ja n .
0.
C . C . A S t . L . — P e o . A E . 4A s . A1 9 O
4 0* 7 7
b. 7 7
Ja n .
I n o o r n e , 4 s .........................
1 9 9 0 A p r il.
2 0 b.
21
Feb.
A 103%
0 0 1 . C o a l A I r o n — 6 g ............... 1 9 0 0 F A
103
Feb.
59%
A A
C o l.M id l a n d — C o n . , 4 g . ,. 1 9 4 0 F
5 8 % M a r.
A 8 90%
O o l .H .V a l .A T o l .— C o m ,5 g . 1 9 3 1
90
M a r.
G e n e r a l , 6 g ........................................1 9 0 4 J A O 9 7
b,
94% Ja n .
D e n v e r A R io G .— 1 s t , 7 g .1 9 0 0 M A N ’ U 8 % b . 1 1 7 % J a n .
1 s t o o n s o l . , 4 g ...............................1 9 3 6 J A J
87
84
Ja n .
A J
D e t . B . C i t y A A lp e n a — 6 g . 1 9 1 3 J
72
a.
65
Ja n .
D e t. M a c . A M .— L ’d g r a n t s .1 9 1 1 A A O
38% a.
38
Ja n .
A J 102
D u l. S o . 8 h . A A t l .— 5 g . . . . 1 9 3 7 J
b. 9 7
Ja n .
E .T e n n . V A G . — C o n ., 5 g . 1 9 5 6 M A N
93
b. 9 0 % J a n .
A J 100% b. 100
K n o x v i l l e A O h io , 6 g . , . 1 9 2 5 J
Ja n .
E l i z . L e x . A B i g S a n . — 5 g .1 9 0 2 M A S
99%
96% Ja n .
F t W . A D e n v , C it y — 6 g . . 192 1 J A D
98% b. 98
Ja n .
G a l .H .A 8 ,A n .- M . A P .D . l s t ,5 g . M A N
96% b. 96% Ja n .
H a n . A S t . J o s . — C o n s ., 6 s . 1 9 1 1 M A S 1 1 5
1 1 3 % M a r.
H o u s . A T e x .C .— G e n . 4 s , g .1 9 2 1 A A O 6 8
a.
6 4 % M a r.
I l l i n o i s C e n t r a l — 4 g ...................1 9 5 2 A A O ’ * 1 0 4 b . 1 0 0 % J a n .
I n t .A G t .N o — 1 s t ,6 g . ( E x .) 1 9 1 9 M A N
112
109
Ja n .
2 d 4 % - 6 s ............................................. 1 9 0 9 M A S
69%
68
Ja u .
I o w a C e n t r a l — 1 s t , 5 g .............1 9 3 8 J A D
85
b. 8 6 % M a r.
A J
K e n t u o k y C e n t r a l — 4 g _____1 9 8 7 J
86
b.
84
Ja u .
A J 103%
K l n g B C o . E l . — 1 s t , 5 g _____1 9 2 5 J
99% Ja n .
Q - F
L a o l e d e G a s — 1 s t , 5 g ............... 1 9 1 9
83
M a r.
84%
L a k e E r i e A W e s t — 5 g _____1 9 3 7 J A J 1 1 0 %
108% Ja n .
L . S h o r e — C o n . o p ., 1 s t , 7 8 .1 9 0 0 J A J 1 1 9
118
Ja u .
C o n s o l , c o u p . , 2 d , 7 8 ..............1 9 0 3 J A D 1 2 1 % b . 1 2 1
M a r.
Q - J
L o n g I s l d — 1 s t , o o n ., 5 g . . 1 9 3 1
1 1 6 a. 1 1 3 % F e b .
G e n e r a l m o rt g a g e , 4 g .,1 9 3 8 J A D
92
b. 9 4
M a r.
L o u is . A N a s h .— C o n s ., 7 s . 1 8 9 8 A A O 1 1 2 % b . 1 1 1 % J a n .
N . O . A M o b . 1 s t , 6 g .............1 9 3 0 J A J 1 2 0 b . 1 1 9
Ja n .
do.
2 d , 6 g ............... 1 9 3 0 J A J 112 a 1 1 0
Feb.
G e n e r a l , 6 g ........................................1 9 3 0 J A D 1 1 8 % b . 1 1 7
Ja n .
A J
U n i f i e d , 4 g ........................................1 9 4 0
83
80% Ja n .
A A
N a s h . F l . A S h . - l B t g t d .5 g . ’ 3 7
9 9 % M a r.
A J 108
L o u i s . N .A . A C h . — 1 s t , 6 8 .1 9 1 0
b. 108
M a r.
C o n s o l . , 6 g ....................................... 1 9 1 6
A O 106
103
M a r.
L o u is . S t L . A T e x a s — 6 g . 1 9 1 7
A A
91
91
M a r.
A J 117 b. 116
M e tro . E le v a t e d — 1 s t , 6 g . 1 9 0 8
Ja n .
2 d , 6 s ........................................................... 1 8 9 9 M A N 1 0 7 %
106% Ja n .
M ic h . C e n t — 1 s t , c o n . , 7 s . . 1 9 0 2 M A
N 121
119% Ja n .
C o n s o l . , 5 s ........................................1 9 0 2 M A N * 1 0 6 % b . 1 0 6 % J a n .
M l L L a k e S h . A W . 1' s t , 6 g . 1 9 2 1 M A
N 1 2 5 b . ,1 2 3
M a r.
E x t e r n A I m p . , 5 g ...............1 9 2 9 , F A A
10o% b. 104
M a r.
M . K . A T . — 1 s t 4 s , g .............. 1 9 9 0 J A D
82
I 79% Ja n .
I d 4 s , g .................................................1 9 9 0 F A A
4 5 % b J 4 1 % M a r.
M o . P a c i n o — 1 s t , c o n . , 6 g . 1 9 2 0 M A N 4 1 3 a .1 1 1 2
Ja n .
* d , 7 s ...........................................................1 9 0 6 M A N 1 1 5 b J l l 4 % J a n .
P a c .o f M o .— 1 s t , e x .,4 g ,1 9 3 8 F A A i 9 9 % a . 1 0 0
Feb.
N

o te

— “ b ” in d ic a t e s p r ic e

bid;

" a ” p r ic e

asked;

114% Ja n .

83% Feb.
5 7 's
57
71%
11%
1 2 0 'a
107%
103%
70%
116
122
112%
110
98
109%
1 0 9 *8
118
106
85%
82%
80
121
102%
1 0 8 *4
91%
8 8 7s
114%
1 2 3 *8
102%
103%
44%
92%
128
114%
116%
111
104%
107
108
93%
115
138
123
115
109

Ja n .
Ja n .
Ja n .
Ja n .
M a r.
Fob.
Ja n .
Ja n .
M a r.
Feb.
Feb.
Ja n .
Feb.
Feb.
Ja n .
Feb.
Feb.
Feb.
Feb.
Feb.
Ja n .
Ja n .
Ja n .
Ja u .
Ja n .
M a r.
M a r.
Feb.
Feb.
Ja n .
Feb.
Ja n .
Feb.
Feb.
Ja n .
Ja n .
M a r.
M a r.
Feb.
Feb.
Ja n .
M a r.
Feb.
Ja n .
112 F e b .
1 0 6 % M a r.
98
Ja u .
100
M a r.
125
Ja n .
101% Feb.
97% Feb.
123
M a r.
92
Feb.

122%
79
26%
106
67
94%
97
118%
88%
74
40
102%
93%
104%
101
100%
97%
117%
70
105
112
72%
90
86%
103%
87%
113
119
122%
116%
96
113
122
110
118
83%
101
I l l
109
98%
118%
108%
121
406%
127%
109%
, 82%
50%
113
115
102

th e R a n g e

Feb.
Ja n .
Ja n .
Ja n .
Ja n .
Ja n .
Ja u .
Feb.
Feb.
Ja n .
Ja n .
Feb.
Feb.
Feb.
Feb.
Ja n .
Feb.
Feb.
Ja n .
M a r.
Feb.
Feb.
Feb.
M a r.
Feb.
Ja n .
Feb.
Ja n .
Ja n .
Feb.
Ja n .
Ja n .
M a r.
Feb.
Feb.
Feb.
M a r.
Ja n .
Ja n .
Ja n .
Feb.
Feb.
Ja n .
Feb.
Ja n .
Ja n .
Feb.
Ja n .
M a r.
Ja n .
Ja n .

R

a il r o a d

an d

M

is o x l

. B

o n ds.

Olos’ng Range (sales) in 1 8 9 3 .
Inter’ sl P r i e s ----------------------------------------- - 1
Period. Mar.30 Lowest.
Highest

P a o o f M o .— 3 d e x t e n . 5 s . 1 9 3 8 J
J 106% b.
b.
M o b il e A O h io — N e w , 6 g . . l 9 2 7 J A D 1 1 4
58
G e n e r a l m o r t g a g e , 4s . . . 1 9 3 8 M A S
N a sh . C h . A S t .L .— 1 s t, 7 s . 1913 J
A J 127%
C o n . , 5 g .................................................1 9 2 8 A A O 1 0 4 b .
N .Y . C e n t r a l— E x t e n d . , 5 s . 1 8 9 3 M A N 1 0 2 %
1 s t , c o u p o n , 7 s ............................... 1 9 0 3 J
A J I2 3 % b ,
106
b.
D e b e n ., 5 s , c o u p ., 1 8 8 4 .. 1 9 0 4 M A
118% b.
N . Y . A H a r le m — 7 s ,r e g .1 9 0 0 M A
115 a.
R . W . A O g d .— C o n ., 5 s . .1 9 2 2 A A
98
N . Y . C h io . A S t . L . — 4 g . . .1 9 3 7 A A
110
N . Y . E l e v a t e d — 7 s ......................... 1 9 0 6 J
A
129
N . Y . L a c k . A W .— 1 s t , 6 s . .1 9 2 1 J
A
110
C o n s t r u c t i o n , 5 s ......................... 1 9 2 3 F A
134
N . Y . L . E . A W . — ls t ,o o n .,7 g ,1 9 2 0 M A
102% b.
L o n g D o c k , 7 s ............................... 1 8 9 3 J A
123% b.
C o n s o l . , 6 g .....................................1 9 3 5 A A O
98
2 d c o n s o l . , 6 g ......................... . . 1 9 6 9 J A D
83
b.
N .Y . O . A W .- R e f . 4 a , g ..l9 9 2 M A S
1
0
7% b.
C o n s o l . 1 s t , 5 g .................. . . . 1 9 3 9 J A D
106% b.
A
N .Y .S n s .A W .— l s t r e f . , 5 g .1 9 3 7 J
120 b.
M i d l a n d o f N . J . , 6 g _____1 9 1 0 A A
100% b.
N o r f . A S o u t h .— 1 s t , 5 g . .,1 9 4 1 M A
84
N o r f . A W .— 1 0 0 - y e a r , 8 g . 1 9 9 0 J
A
85
M d . A W a s h . D i v . - l s t , 5 g .1 9 4 1 J
A
117
N o r t h . P a o . — 1 s t , c o u p . , 6g . 1 9 2 1 J A
1 1 4 b.
G e n e r a l, 2 d , c o u p ., 6 g . . l 9 3 3 A A
105% b,
G e n e r a l , 3 d , o o u p ., 6 g . , 1 9 3 7 J A
70%
C o n s o l , m o r t , 5 g .......................1 9 8 9 J A D
78%
C h ic . A N . P . — 1 s t , 5 g . ..1 9 4 0 A A O
80
N o r th . P a o . A M o n .— 6 g . . . l 9 3 8 M A S
N o r t h . P a c . T e r . C o .—6 g . . l 9 3 3 J A
J 102
O h io A M i s s . — C o n s , s . f . , 7 s . 1 8 9 8 J
A J 1 1 0 b.
a.
C o n s o l . , 7 s .......................................... 1 8 9 8 J
A J 112
O h io S o u t h e r n — 1 s t , 6 g . . . l 9 2 1 J A
D 109
G e n e r a l m o r t , 4 g .................. 1 9 2 1 M A N
61%
b.
O m a h a A S t . L o u is — 4 g . . . 1 9 3 7 J
A .J " 6 0
O re g o n im p . C o . - 1 s t , 6 g .1 9 1 0 J A D 1 0 2 % b .
C o n s o l . , 5 g ........................................1 9 3 9 A A O
63
O r e . R . A N a v . C o . — 1 s t ,6 g . 1 9 0 9 J
A J 109% b.
C o n s o l . , 5 g ...........................................1 9 2 5 J A
D *93% a.
1 0 9 D.
P a . C o . — 4 % g . , c o u p o n _____1 9 2 1 J
A J
P e o . D e o . A E v a n s v .—6 g . , 1 9 2 0 J
A J 1 0 L b.
a.
E v a n s v i l l e D i v . , 6 g _____1 9 2 0 M A S 1 0 3
69% a.
2 d m o r t , 5 g ..................................... 1 9 2 6 M A N
73%
P h ila . A R e a d .— G e n ., 4 g . 1 9 5 8 J
A J
46
Feb.
1 s t p r e f . I n c o m e , 5 g .............1 9 5 8
33
2 d p r e f . i n c o m e , 5 g .............1 9 5 8
Feb.
2
4%
3 d p r e f . i n c o m e , 5 g .............1 9 5 8
Feb.
83 % b.
P it t s b u r g A W e s t e r n — 4 g .1 9 1 7 J
A J
R ic h A D a n v . — C o n ., 6 g . .l 9 1 5 J
A J 108
C o n s o l . , 5 g ...........................................1 9 3 6 A A O 7 7
b.
79
b.
R io h .A W .P .T e r ,- T r u s t ,6 g .l8 9 7 F A A
C o n . 1 s t A o o l. t r u s t , 5 g . 1 9 1 4 M A S
47
77
A J
R io G . W e s t e r n — 1 s t , 4 g .,1 9 3 9 J
92
b.
S t. J o . A G r. Is la n d - 6 g ..l9 2 5 M A N
b.
S t . L . A I r o n M t . 1 s t e x t . 5 s . ’9 7 F A A 1 0 1
108% b.
2 d , 7 2 .........................................................1 8 9 7 M A
104
b.
C a ir o A r k . A T e x a s . 7 g _ .1 8 9 7 J A
89
G e n . R ’ y A la n d g r .,5 g .,1 9 3 1 A A
114 b.
S t . L . A S a n F t —6 g . , C l . B . 1 9 0 6 M A
114% a.
6 g . , C l a s s C .....................................1 9 0 6 M A
G e n e r a l m o r t . , 6 g .................. 1 9 3 1 J A
*111 a.
65%
S t . L .S o .W e s t .— 1 s t , 4 s , g . . 1 9 8 9 M A
A
2 d , 4 s , g . , i n c o m e .......................1 9 8 9 J
25%
S .P .M .A M .— D a k . E x . , 6 g .1 9 1 0 M A
117% b.
A
1 2 0 b.
1 s t o o n s o l . , 6 g .............................. 1 9 3 3 J
A
102% b.
do
re d u c e d t o 4 % g ..
A D
M o n t a n a E x t e n s io u , 4 g .1 9 3 7
90%
A J
S a n A . A A ra n . P .— 1 st, 6g . 19 1 6
7 4 % b.
A J
1 s t , 6 g ...................................................... 1 9 2 6
74%
S e a t t l e L .S . A E . — ls t .g u . 6 .1 9 3 1 F A A
86 a.
S e o ’ t y C o r p . ( N . C o r d . l s t c o n . 6s M A N
98
a.
S o .C a r .— 1 s t , 6 g . ,e x o o u p .1 9 2 0
105
b.
A
99% b.
S o . P a o . , A r i z .—6 g .............1 9 0 9 - 1 0 J
S o . P a c i f i c , C a l .—6
1 9 0 5 -1 2 A A
1 1 6 b.
1 s t , c o n s o l . , g o l d , .5 g _____1 9 3 8 A A
94 b.
S o . P a c l f l o , N . M .- ^ O g ................1 9 1 1 J
A
104
b.
T e n n . C . I . A R y . — T e n . D . , l a t ,6 A A
91
b.
B i r m . D i v . , 6 g .............................. 191
J
A
90% b.
T e x . A P a o . — 1 s t , 5 g .................. 2 0 0 0 J A
77%
2d , i u e o m e , 5 g ............................... 2 0 0 0 M a r o h . 2 5 % b .
T o l . A . A . A N . M . — 6 g .............1 9 2 4 M A N 1 0 7
T o l . A O h io C e n t . — 5 g .............1 9 3 5 J
A J 108%
79 % b.
T o l . P e o . A W e s t . — 4 g .............1 9 1 7 J
A J
82
b.
T o l . S t . L . A K a n . C .—6 g . . 1 9 1 6 J A D
U n i o n P a c i f i c — 6 g ........................... 1 8 9 9 J
A J 109% b.
S i n k i n g f u n d . 8s ............................ 1 8 9 3 M A S 1 0 1 %
C o l l a t . t r u s t 4 % .............................1 9 1 8 M A N
68
b.
A A
G o l d 6s , c o l . t r u s t n o t e s . 1 8 9 4 F
97%
N 110 b.
K a n . P a o . - D e n . D i v .-6 g . 1 8 9 9 M A
l s t o o n s o l .,6 g .......... .................1 9 1 9 M A N 1 1 0
A A 104
O r e g o n S h o r t L i n e —6 g . . 1 9 2 2 F
O r . S . L .A U t ’ h N .— C o n .5 g .1 9 1 9 A A O * 7 7 % a .
U .P .D e n .A G u l f o o n . 5 g .1 9 3 9 J A D
70%
U n i o n E l e v a t e d —6 g ............... 1 9 3 7 M A N 1 ] 7 % b .
V ir g ln ia M ld .— G e n , m .,5 s , 1 9 3 6 M A N
86
a.
do
s ta m p e d g u a r .lM A N
85 a.
W a b a s h — 1 s t , o g ...............................1 9 3 9 M A N 1 0 6
2 d m o r t g a g e , 5 g .....................1 9 3 9 . F A A
78*4
A J
D e b e n t . M . , a e r i e s B .............1 9 3 9 J
34
W e s t S h o r e — G u a r . , 4 s .............2 3 6 1 J
J 100%
W e s t. N . Y . A P a .— 1 s t, 5 g .1 9 3 7 J
J 101%
O: 2 , % b.
2 d m o r t . , 3 g . , 5 s o ......................... 1 9 2 7 A
J 104
W e s t. U n . T e l .— C o l. t t , 5 s . 1 9 3 3 J
J , 90
a.
W i s . C e n t . C o . — 1 s t , 5 g ...........1 9 3 7 J
I n c o m e , 5 e .................................. . . 1 9 3 7 . . .
..
28 b

Is m a d e u p fro m

a c t u a l s a le s o n ly .

106%
114%
57%
125
103
101
121%
106
118%
113%
97
110
128
110
134
101
122
93
82
106%
105
118

Ja u .
M a r.
M a r.
Ja m
Ja m
Ja n .
Ja n ,
M a r.
M a r.
Ja n .
Ja n .
Feb,
M a r.
M a r.
M a r.
Ja m
Ja n .
M a r.
M a r.
Ja n .
Ja n .
Ja n .

1 0 8 *4
115
63
130
105
103%
124
108%
119%
115
99 *4
111%
131
114
139%
102
125
105
86%
108%
107%
1 2 0 *4

Ja m
Ja n ,
Ja m
Ja n .
Feb
M a r.
F$> .
Ja n .
Feb,
Feb .
Feb.
Ja n .
Feb.
Ja m
Ja n .
M a r.
Feb.
Feb
Feb,
Ja n .
M at
M a t

83%
85
1 1 5 *4
112%
104%
66%
72%
83
100
109%
109
107
60%
60
102
61%
108
88
106
103
105
69%
72%
45
30%
22%
81
103
67
71
43
74%
93
100%
105%
104
84%
111%
111%
106 %
63%
21
117
121
100
88
70%
66
85
97
105%
99%
114
94%
104
90
89%
76%
23%
103
105
80
81
109
101
65
97%
110%
108%
103%
76%
68%
116
77
80%
102%
77%
34
100
102
26
103
87
30

M a r.
M a r.
Feb.
Ja n .
M a r.
Ja n .
Ja n .
M a r.
Ja m
Ja m
Ja m
Ja n .
M a r.
Feb.
Ja m
Feb.
Ja m
Ja m
Ja n .
Ja n .
Feb.
M a r.
M at
M at
M at
M at
Ja m
Ja n .
Ja m
Ja m
Ja m
M a r.
Ja n .
M at
Ja m
Ja m
Ja m
Ja n .
Ja n .
Ja m
Ja n .
Ja n ,
M at
Ja m
Ja m
Ja n .
Ja m
Ja m
Ja m
Ja n .
Ja m
Feb.
Ja n .
M at
Ja m
Feb.
M at
Ja m
M a r.
Ja n
Ja m
Ja m
M at
Ja n .
M at
M a r.
M at
Ja m
Ja n .
M a r.
Ja m
Ja m
Ja n .
Ja m
Ja m
Ja n .
M at
M a r.
M at
Ja n .
M at
M a r.
M a r.
Feb.

90
91
118
115
108
71
80%
89%
104
112
110%
109
64
68
105
67
112
9 4*4
108%
104
105
72
85%
76%
70
62%
84%
111
78%
83%
52
78
96
103%
108%
104%
90%
114
114
111
67%
28%
119
123%
103
91
76
76
92%
98%
106
100%
115
97%
105%
95
95%
81
29%
108%
108%
81
90%
110%
105%
73%
102%
111%
112
109
80%
75%
117%
85
84
105%
82%
39
103%
105
33
106
92%
35

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Ja n .
Feb.
Feb.
Feb.
Feb.
Feb.
Feb.
Feb.
Feb.
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Feb.
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Feb.
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M a rFeb.
Feb.
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Ja n .
Ja u .
Ja n .
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Feb.
M a t
Feb.
Feb.
Feb.
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Ja n .
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M a r.
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Feb .
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Feb,
Feb,
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Ja m
Feb.
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Ja n .
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Feb.
Ja n .
Ja m
Ja m
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Feb.
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Feb.
Feb
Ja n .
Ja m
Feb.
Feb.
Ja m
Ja m
Ja m
Feb.

* L a t e s t p r ic e t h is w e e k .

NEW YORK STOCK EXCHANGE PRICES-AContinued).-.EYAC?TFJ57 BONDS—M ARCH 30.
S E C U R IT IE S .

B id .

A sk.

Railroad Bonds.
f Stock Exchange Prices.)
A la b a m a M id .— 1 s t , g ., g u a r .. 1 9 2 8
2 d , 4 s , C l a s s B ..................................... 1 9 8 9
62
A . T . A S . F . — o i. M l d . l s t , g ., 6 s . l 9 3 6 ’ 1 0 5
A t l a n t ic A D a n v .— 1 s t g ., 6 s . . 1 9 1 7
*18
A d . A P a c . — 2 d W . D ., g u . 6 s , .1 9 0 7
B a l t . A O h io — 1 s t , 6 s , P a r k B . 1 9 1 9 * 1 1 8
5 a v o i d ............................................................ 1 9 2 5 * 1 1 0

90

S E C U R IT IE S .

B id .

B . & 0 . — j o b . m o r t ., g o Id .5 s .1 9 8 8
...............
*/. V a . & P i t t s . — 1 s t , g . , 5 s . . 1 9 9 0
B . <fe O . 8 . W . , 1 s t . g . , i ^ s . - . 1 9 9 0
M o n o n . R i v e r , 1 s t g .,g . 5 s . . . 1 9 1 9
U e n t’ lO b io R e o r .— 1 s t , 4 ^ 8 .1 9 3 0 i o s "
A k .& C li. J u n o .— ls t .g ,5 s ,g u .1 9 3 0 * 1 0 5
B o s t . H . T u n . <fc W . — D e b . 5 s . 1 9 1 3
B r o o k ly n E l e v a t e d — 2 d , 3 - 5 S .1 9 1 5
92%
B r u n s w ic k & W ’n — 1 s t, g . 4 s , 1 9 3 8
R l l f t . R •' h . fr P i t t s . — ( 4 p - n _ .5 a .1 9 3 7
9«U

* No titles F rid ay; th ese are the la te s t qu otatio n ? m a d e th is w e e s.

A sk.
...............

io s "
1051*
100
94
to o

S E C U R IT IE S .
B .R .& P .— R o c li.
P ., 1 s t, 6 s .1921
R o c li. & P it t s .— C o n s . 1 s t, 6 s . 1 9 2 2
B u r l C e d . R a p . & N o .— 1 s t , 5 s . 1 9 0 6
C o n s o l. & c o lla t . t r u s t , 5 s . . . 1 9 3 4
M i n n . «fc S t . L . — 1 s t , 7 s , g u . . l 9 2 ?
I o w a C . & W e s t . — 1 s t , 7 s _____1 9 0 9
C e d . R a p . I . F . & N ., l s % 6 s . 1 9 2 0
1 s t , 5 s .......................................................... 1 9 2 1
C . O l i i o — C o l. & C i n . M . l s t , 4 ^ 3 8 .1 9 3 9
O e n t. R R .
R a n k .— H n l

B id .
* 1 1 8 % ................
*116
103
103%

"1 0 0
*1 0 *2

*75*

......

"8 5 “

THE CHRONICLE.

534

[V o l IV I x

NEW YORK STOCK EXCHANGE PRICES .—IN A C T IV E BONDS—r Continued)—M A R C H 3 0 .
S E C U R IT IE S .

B id .

A sk.

S E C U R IT IE S .

B id .

A sk.

S E C U R IT IE S .

B id .

A sk.

N o rth ’n P a c if ic — D iv id ’ d s c rip e x t .
118
E . & T . H . — M t . V e r n o n 1 s t 6 s .1 9 2 3
C . R . & B — C h a t .R .« & C .,g t d .g .l9 3 7
J a m e s R iv e r V a l . — 1 s t , 6 s . . .1 9 3 8
S u l . C o . B r . 1 s t , g . , 5 s ..................1 9 3 0 ' 1 0 0
C e n t , o f N . J . — C o n v . d o b ., 6 s . 1 9 0 8
95
S p o k a n e & P a l . — 1 s t , 6 s .......... 1 9 3 6
9 2 *3
E v .& B ic h .— ls t g e n .5 s ,g .g u .l9 3 1
C e n t r a l P a c if ic — G o ld b d s , 6 s , 1 8 9 5 1 0 6 *3
118
S t .P a u l & N . P . — G e n ., 6 s . .1 9 2 3
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G o l d b o n d s , 6 s ....................................... 1 8 9 6 * 1 0 6 * 3
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H e le n a & R e d M ’n — l s t ,g ., 6 s . 1 9 3 7
1 2 2 *2
F l i n t & P . M a r q .— M o r t ., 6 s . . .1 9 2 0 1 1 8
G o l d b o n d s , 6 s ....................................... 1 8 9 7 * 1 0 7
1 0 1 *3
98
D u lu th & M a n ito b a — l s t ,g .6 s l 9 3 6
1 s t c o n . g o l d , 5 s .................................... 1 9 3 9
S a n J o a q u i n B r . , 6 s ......................... 1 9 0 0 1 1 2
9 7 *2
*9 5
97
D u l.& M a n D a k .D iv .— I s t 6 s . l 9 3 7
P o r t H u r o n — 1 s t , 5 s .......................1 9 3 9
M o r t . g o l d 5 s .............................................1 9 3 9
9
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111
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F la . C e n & P e n .— l s t g . 5 s . . ..1 9 1 8
B a n d g r a n t , 5 s , g ................................. 1 9 0 0 1 0 4 * 2
*9 6 *2
99%
G e n . l s t , g . , 6 s ..................................1 9 3 8
1 s t c o n . g . , 5 s ..........................................1 9 4 3
1 0 8 *4
C . & O . D i v . , e x t . , g . 5 s .............1 9 1 8
*6 5 *2
C e n t . W a s h in g t o n — 1 s t ,g .,6 s .l9 3 8
66
93*a
F t W o r t h & R . G — 1 s t g ., 5 s . .1 9 2 8
W e s t. P a c if ic — B o n d s ,6 s .... 1 8 9 9 1 0 8 *4
124
N o r f o lk & W e s t .— G e n e r a l , 6 s . 1 9 3 1
G a l. H a r . & S a n A n t .— 1 s t , 6 s .1 9 1 0 1 0 7
N o . R a ilw a y ( C a l.) — 1 s t , 6 s . 1 9 0 7
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5 0 , y e a r 5 s ................................................1 9 3 8 ■95 "
I m p . & E x t . , 6 s ......................................1 9 3 4
M e x . & P a c . D iv ., 2 d 6 s — 1 9 3 1
1 1 0 *4
C lie s . & O .— P u r . M . f u n d , 6 s . 1 8 9 8 1 0 9
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6 s , g o l d , s e r i e s A ................................. 1 9 0 8 1 1 7
81
E q u i p m e n t , 5 s .........................................1 9 0 8
G a . S o . & F l a — 1 s t , g . 6 s ...............1 9 2 7
C r a ig V a lle y — 1 s t , g ., 5 s — 1 9 4 0
*55
88
C l i n c h V a l . 1 s t 5 s ............................. 1 9 5 7
G r a n d R a p . & I n d .— G e n . 5 s . .1 9 2 4
W a rm B p r. V a l., 1 s t, g. 5 s .. 194 1
100
R o a n o k e & S o .— l 9 t , g u . 5 s , g .1 9 2 2
G . B . W . & S t .P .—
C b .e s . O . & S o . W e s t . — 1 s t 6 s , g . 1 9 1 1 1 0 5
3
2
S c io t o V a l . & N . E . — 1 s t , 4 s ,.1 9 9 0
81 *3
2 d in c o m e , t r u 3 t r e c t s
72
2 d , 6 s .................................................................... 1 9 1 1
120
O h io & M i s s — 2 d c o n s o l . 7 s . . . 1 9 1 1
H o u s a t o n ic — C o n s , g o ld 5 s . . - .1 9 3 7 1 1 6
O b . V . —G e n . c o n . l s t . g u . g , 5 s . l 9 3 8
S p r i n g . D i v . — 1 s t 7 3 ..........................1 9 0 5
N . H a v e n & D e r b y , C o n s .5 s ..l9 1 8
C h ic a g o & A lt o n — S . F . , 6 s — 1 9 0 3 1 1 7 %
118
G e n e r a l 5 s .....................................................1 9 3 2
H o n s . & T . C . — W a c o & N . 7 S . .1 9 0 3
L o u i s . & M o . R i v e r — 1 s t , 7 S .1 9 0 0 1 1 4 *2
102
108
O h io R i v e r R R . — 1 s t , 5 s ..................1 9 3 6
l s t g . , 5 s ( i n t . g t d ) ............................1 9 3 7 1 0 6
2 d , 7 s .............................................................. 1 9 0 0 1 1 2
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S t . L . J a c k s . & C h i c . — 1 s t , 7 9 .1 8 9 4
95
95
O re g o n & C a lif o r .— 1 s t , 5 s , g .1 9 2 7
D e b e n t . 6 s , p r i n . & m t . g t d .1 8 9 7
M i s s .R . B r i d g e — 1 s t , s . f . , C s .1 9 1 2 1 0 5
8 2*2
80
84
O r e g . R y & N a v . — C o l .t r . g ..5 s . 1 9 1 9
78
D e b e n t . 4 s , p r i n . & i n t . g t d .1 8 9 7
G a te . B u r l. & N o r — 1 s t, 5 s . . . . 1 9 2 6 1 0 4 *2
109
P a n . S i n k .F ’d S u b s id y — 6 s , g . 1 9 1 0
I l l i n o i s C e n t r a l— 1 s t , g ., 4 s . .. 1 9 5 1
D e b e n t u r e 6 s .............................................1 8 9 6
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.........................................
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Do
do
S e r i e s B ...............
C a i r o B r i d g e — 4 s ................................ 1 9 5 0
I o w a D i v .— S in k , f u n d , 5 s . . 1 9 1 9 1 0 5 *4
105
P . C . & S . L . - l s t , c . , 7 s ............................1 9 0 0
S p r i n g f . D i v . — C o u p . , 6 s ----- 1 8 9 8
95
S i n k i n g f u n d , 4 s ...............................1 9 1 9
109
P i t t s . F t . W . & U — 1 s t , 7s . . . 1 9 1 2
M i d d l e D i v . — R e g . , 5 s ..................1 9 2 1
*8 5
P l a i n , 4 s ........................................................... 1 9 2 1
113
2 d , 7 s ............................................................1 9 1 2 1 3 5
C . S t . L . & N . O . — T e n . 1 ., 7 S . 1 8 9 7
100
C h ic & I n d ia n a C o a l— 1 s t 5 s . 1 9 3 6
132
113
3 d , 7 s ...............................................................1 9 1 2
115%
1 s t , c o n s o l . , 7 s ....................................1 S 9 7
• C h i. M il. & S t . P . — 1 s t ,8 s ,P .D . 1 8 9 8 115
C
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.........................................
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G e n . 4 * 2 3 , g . , “ A ” ..................... 1 9 4 2
G o l d , 5 s , c o u p o n ...............— 1 9 5 1
128
1 s t , 7 s , $ g . , R . D ................................. 1 9 0 2 1 2 5
100
C h .S t .L .& P .— 1 s t ,c o n . 5 s , g . .. 1 9 3 2 1 0 8
M e m p . D i v . , 1 s t g . 4 s ............ 1 9 5 1
1 0 0 *3
1 2 2 *2
1 s t , I . & i \ I . , 7 s ....................................... 1 8 9 7 1 2 0
102
S t . L . V . & T . H . — 1 s t , 6 s ., 7 8 .1 8 9 7 1 0 8 %
D u b . & S . C .— 2 d D i v ., 7 s ...1 8 9 4
1 2 2 *2
1 s t , ! . & D . , 7 s ....................................... 1 8 9 9 1 2 1
109
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1 s t , C . & M . , 7 s ........................................1 9 0 3 1 2 4 * 2
2 d , g u a r . , 7 s .......................................... 1 8 9 8 1 0 9 * 3
I n d . D . & S p r .— 1 s t 7 s , e x . c p .1 9 0 6 1 2 4 *4 1 3 0
1 s t, I . & D . E x t e n s io n , 7 s . . . 1 9 0 8 *1 2 6 *2
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1 s t , L a C . & D a v . , 5 s ......................1 9 1 9
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2 d , 5 s , g o ld , t r u s t r e c e ip t s .. 1 9 4 8
2 9 % P e o . < f e E . - I n d . B . & W . - l s t , p f . 7 8 .1 9 0 0 1 1 L * 2
1 s t , H . & D . , 7 s .................................... 1 9 1 0 1 2 2 * 2
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82
P e o r i a & P e k . U n i o n — 1 s t , 6 s .1 9 2 1
C h ic a g o & P a c if ic D i v . , 6 s . . 1 9 1 0 1 1 7 % 1 1 8 *4 I n d . I l l s . & I o w a .— 1 s t , g , 4 s . . 1 9 3 9
133
103
106
I n t . & G . N ’ n — l s t , 6 s , g ...........................1 9 1 9
2 d m o r t g . , 4 * 2 3 ...................................... 1 0 2 1
M i n e r a l P o i n t D i v . 5 s ..................1 9 1 0
*7 8
P it t s . C le v e . & T o i.— 1 s t , 6 s . . . 1 9 2 2
104
K a n a w h a & M i c h . —M o r t . 4 s . 1 9 9 0
80
O . & L . S u p . D i v . , 5 s ..................... 1 9 2 1
8 7*3
P it t s . & L . E r . — 2 d g . 5 s , “ A ” . 19 2 S
K in g s C o .- F .E l.,ls t ,5 ,g .,g u . A . 1 9 2 9
110
F a r g o & S o u t h ., 6 s , A s s u . . . l 9 2 4
1 0 3 ^ 1 0 3 > P i t t s . M e . K . & Y — 1 s t 6 s ............1 9 3 2
L a k e E r i e & W e s t .— 2 d g ., 5 s . 1 9 4 1
*98
I n c . c o n v . s i n k , f u n d , 5 s ----- 1 9 1 6
P it t s . P a iu s v . & F . — 1 s t, 5 s . . . 1 9 1 6
L . 8 . & M . S o .— B . & E . — N e w 7 s . ’ 9 8
105
D a k o t a & G t . S o u t h . , 5 s ----- 1 9 1 6
118
P it t s . S lie n . & L . E . — 1 s t ,g .,5 s . 1 9 4 0
D e t . M . & T . — 1 s t , 7 s .....................1 9 0 6 * 1 2 1
M U . & N o r . m a i n l i n e — 6 s . . . 1 9 1 0 1 1 2 * 2 115
P i t t s . Y ’g s t ’n & A .— 1 s t , 5 s ,c o n .1 9 2 7 1 0 5
107%
L a k e S h o re — D iv . b o n d s, 7 s . 1 8 9 9 i n
C h ic .& N .W .— 3 0 y e a r d e b . 5 s , 1 9 2 1
L07
119
P r e s . & A r i z . C e n t .— 1 s t , 6 s , g .1 9 1 6
K a l . A l l . & G . R . — 1 s t g u . 5 S .1 9 3 8
E s c a n a b a & L . S . 1 s t, 6 s — 1 9 0 1 *1 0 4
2 d i n c o m e 6 s ............................................. 1 9 1 6
M a l i o n ’ g C o a l R R . —1 s t , 5 s . 1 9 3 4 1 0 9
D e s M . & M in n .— 1 s t , 7 s . . . . 1 9 0 7 ‘ 1 2 3
90
86
R ic h . & D a u v .— D e b e n tu re 6 s . 1 9 2 7
L e k i g l i V ., N . Y . — 1 s t g u .g .4 * 2 8 .1 9 4 0 1 0 0 %
L26
I o w a M i d l a n d — 1 s t , 8 s ............... 1 9 0 0
75
L e h ig h V . T e r r n . — 1 s t g u . 5 s ,g . 1 9 4 1
109
E q u i p . M . s . f . , g . , 5 s .....................1 9 0 9
P e n in s u la — 1 s t , c o n v ., 7 s . . . 1 8 9 8 1 2 5
111
A t l . & C h a r .— 1 s t , p r e f ., 7 s . . 1 8 9 7 1 0 2 *3
l a t c h f . C a r .& W e s t .— 1 s t 6 s . g .1 9 1 6
C h ic . & M ilw a u k e e — 1 s t , 7 S .1 S 9 8
100
1 1 3 *4
do.
I n c o m e , 6 s ----- 1 9 0 0
W i n . & S t . P — 2 d , 7 s ...................... 1 9 0 7 1 2 7
L o n g I s l a n d — 1 s t , 7 s ...........................1 8 9 8
115
W a s h .O .& W . — l s t ,4 s ,g u .c y .,1 9 2 4
N . Y . & R ’w a y B .— ls t ,g . 5 s . 192
100
110
M i l . & M a d . — 1 s t , 6 s .....................1 9 0 5
40
R io G r . J u n e . — 1 s t , g u ., g ., 5 S .1 9 3 8
2 d m o r t g . , i n c ................................... 1 9 2 7
O tt. C . F . & S t. P .— 1 st, 5 s . 19 0 9 105%
75
N .Y .& M a n .B e a c h .— 1 s t , 7 s , 1 8 9 7
R io G r a n d e S o .— 1 s t , g ., 5 s . . . 1 9 4 0
105
N o r t h e r n 111.— 1 s t , 5 s ................. 1 9 1 0
37
N .Y .B .& M . B . — 1 s t c o n . 5 s ,g . 1 9 3 5
O h .P e o . & S t . L . — C o n . l s t , g . 5 s . l 9 3 9
99
1 0 2 * 2 S t . J o s . & G r . I s . — 2 d i h c ............... 1 9 2 5
74
B r o o k l’n & M o n ta u k — 1 s t ,6 s . 1 9 1 1
K a n . C . & O m ah a — 1 s t, 5 s .. 1 9 2 7
O . R . I . A P . - D . M . & F . D . 1 s t 4 S .1 9 0 5
S t. L . A . & T .H —2 d p re f. 7 s .. 1 8 9 4 10 1 %
1 s t , 2 * 2 3 ...................................................... 1 9 0 5
50
1 s t , 5 s ......................................................... 1 9 1 1
1 0 1 *3 1 0 4
L o u is .E v a n s .& S t . L . — C o n .5 s .1 9 3 9
2 d m . i n c . 7 s ...............................................1 8 9 4
E x t e n s i o n , 4 s .............................. - 1 9 0 5
75
8 2*2
*64
K e o k u k & D e s M .— 1 s t , 5 s . . 1 9 2 3
L o u is . & N a s h .— C e c i l. B r . 7 s . .1 9 0 7
106
D i v i d e n d b o n d s ....................................1 8 9 4
101
112
• C h ic a g o & S t . L o u i s — 1 s t , 6 s . . 1 9 1 5
107
E . H . & N a s h .— 1 s t 6 s , g . . . . l 9 1 9
B o ile v . & S o . I I I . — 1 s t , 8 s . - .1 8 9 6 * 1 1 0
P e n s a c o l a D i v i s i o n , 6 s ...............1 9 2 0
B e l l e v . & C a r . — 1 s t , 6 s ................ 1 9 2 3
C h ic . a t . P . & M in n .— 1 s t , 6 s . . . 1 9 1 8 1 2 5
126
110
C h i .S t . L . & P a d . — 1 s t ,g d .g .5 s 1 9 1 7
S t . P a u l & S . C . — 1 s t , 6 s ............ 1 9 1 9
S t . L o u is D iv is io n , 1 s t, 6 s . . . 1 9 2 1 1 1 8
62
S t . L o u i s S o .— 1 s t , g d . g . 4 s . 1 9 3 1
*8 0
•C b ic . & W . I n d — 1 s t , s . f . , 6 s . 1 9 1 9
2 d , 3 s ..............................................................1 9 S 0
do
2 d in c o m e ,5 s . 1 9 3 1
G e n e r a l m o r t g a g e , 6 s ..................1 9 3 2
L
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8
9
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80
117
N a s h v . & D e c a tu r— 1 s t ,7 s .. 1 9 0 0 1 1 1
*8 0
C h i c . & W e s t M i c h . — 5 s , ................ 1 9 2 1
C a r . & S h a w t . — 1 s t g . 4 s ----- 1 9 3 2
99
® m H a m . & D . — C o n . s . f . , 8 .1 9 0 5 1 2 1
8 . f . , 6 s . — S . & N . A l a ....................... 1 9 1 0
S t . L . & 8 . F — 2 d 6 s , g ., c l. A . 1 9 0 6 1 1 2 *4
2 d , g o l d , 4 * s s .............................................1 9 3 7
100
1 0 - 4 0 , g o l d , 6 s .......................................1 9 2 4
E q u i p . , 7 8 ...................................................- 1 8 9 5
C i n . D . & I r ’n — 1 s t , g u . 5 s , g .1 9 4 1
*9 4
5 0 - y e a r 5 s , g . , ..........................................1 9 3 7
G e n e r a l 5 s ...................................................... 1 9 3 1
97*4 9 7 * 2
€ l e v . A k . & C o l.— E q . & 2 d 6 s . 1 9 3 0
P e n s . & A t . - 1 s t , 6 s , g o ld ... 1 9 2 1 1 0 1 *2
1 s t , t r u s t , g o l d , 5 s ............................. 1 9 8 7
•0 . 0 . C . & S t . L . , C a i r o d i v . — 4 s , 1 9 3 9
67%
C o l l a t . t r u s t , 5 s , g ............................1 9 3 1 1 0 7 * 2
C o n s o l , g u a r . , 4 s .................................1 9 9 0
67
S t . L o u . D i v . — I s t c o l . t s ’t 4 s ,g .l 9 9 0
93
L o u .N .A lb .& C h .— G e n .m .g .5 s .l9 4 0 r 7 5
K a n . C it y & 8 .— 1 s t, 6 s , g . . . l 9 1 6
S p r i n g . & C o l. D i v . — l s t , g . 4 s . 1 9 4 0
M a n h a t t a n R y . — C o n s . 4 s ............1 9 9 0
F t . S. & V . B . B g .- 1 s t, 6 s ... 1910
96
W h it e W .V a l .D i v .— l s t ,g . 4 s . 1 9 4 0
M a n it o .S .W .C o lo n i z a ’n — 5 s , g .l 9 3 4
K a n s a s M id la n d — 1 s t , 4 s , g .1 9 3 7
99
C i n .W a b .& M .D iv — 1 s t ,g . 4 s .l 9 9 1
62 *2
M e m p h is & C h a r i .— 6 s , g o l d .. 1 9 2 4
S t . P a u l <fe D u l u t h — 1 s t , 5 s ----- 1 9 3 1
108
O in . I . S t . L . & C .— 1 s t ,g .,4 s . 1 9 3 6
1 s t c o n . T e n n l i e n , 7 s .................. 1 9 1 5
106
*93*2
2 d m o r t g a g e 5 s ......................................1 9 1 7
107
109
C o n s o l , 6 s ......................................................1 9 2 0
M e x ic a n C e n t . C o n s o l.— 4 s , g .1 9 1 1
111
S t . P a u l M in n & M .— 1 s t , 7 s . . 1 9 0 9 1 1 0
d n ,S a n .& C l .— C o n .l8 t ,g .5 s , 1 9 2 8
1 s t , e o n s , i n c o m e 3 s , g ...............1 9 3 9
2 d m o r t . , C s ..................................................1 9 0 9
120
■0 1 . C o l . C i n . & I n d . — 1 s t , 7 s , s . f . l S 9 9
114
M e x ic a n N a t io n a l— 1 s t , g ., 6 s . 1 9 2 7
M i n n e a p . U n i o n — 1 s t , 6 s ----- 1 9 2 2
116
C o n s o l , s i n k , f u n d , 7 s .................. 1 9 1 4
2 d , i n c o m e , 6 s , “ A ” ........................1 9 1 7
M o n t . C e n .— 1 s t , g u a r ., 6 s . . 1 9 3 7 1 1 6
118
C le v e . & M a h . V . — G o ld , 5 s . . .1 9 3 8 1 0 7
2 d , i u c o r n e , 6 s , “ B ” ..................... 1 9 1 7
1 s t g u a r . g . 5 s ...........................................1 9 3 7 1 0 4
C o lu m b ia & G r e e n .— 1 s t , 6 s . . . 1 9 1 6
*95
110
M i c h i g a n C e n t r a l — 6 s ........................1 9 0 9 * 1 1 3
E a s t . M in n ., 1 s t d iv . 1 s t 5 s . 1 9 0 8 1 0 4
2 d , 6 s .................................................................... 1 9 2 6
C o u p o n , 5 s .....................................................1 9 3 1 * 1 1 2
S a n F r a n . & N . P . — 1 s t , g ., 5 S .1 9 1 9
D e l . L a c k . & W . — M o r t . 7 s ----- 1 9 0 7
130
M o r t g a g e 4 s ................................................1 9 4 0
S o u t h C a r o l i n a — 2 d , 6 s ...................1 9 3 1
*98
S y r a . B in g . & N .Y . — 1 s t , 7 s .1 9 0 6
131
B a t .C .& S t r g is .— I s t ,3 s ,g .g u .l 9 3 9
I n c o m e , 6 s ..................................................1 9 3 1
9
*7 3 *2
M o r r is & E s s e x — 1 s t , 7 s — 1 9 1 4 1 4 0 *2 1 4 2
M il. L . S .& W .— C o n v . d e b ., 5 s . 1 9 0 7
S o . P a c . C o a s t — 1 s t , g u a r .,4 s . 1 9 3 7
105
B o n d s , 7 s ...................................................1 9 0 0 1 1 1 * 2
M i c h . D i v . , 1 s t , 6 s ..............................1 9 2 4 1 2 2
l e r . R R . A s ’ n o f S t .L .- ls t ,4 * 3 S .1 9 3 9
1 0 2 *2 1 0 3
125
7 s o f 1 8 7 1 ................................................1 9 0 1
121%
A s h la n d D iv is io n — 1 s t , 6 s ..1 9 2 5
1 2 2 *2 T e x a s C e n t r a l— 1 s t ,s . f . , 7 s . . . 1 9 0 9
1 s t , c o n . , g u a r . , 7 s .....................1 9 1 5
135
137
I n c o m e s ...........................................................................
1 s t m o r t g a g e , 7 s .................................1 9 1 1
D e l . & H u d . C a n .— C o u p o n 7 s , 1 8 9 4 1 0 6 % 1 C 7
M i n n . & S t . L . — 1 s t , g . 7 s ...............1 9 2 7
T e x a s & N e w O r le a n s — 1 s t ,7 s . 1 9 0 5
112
P a . D i v . , c o u p . , 7 s ............................1 9 1 7
S a b i n e D i v i s i o n , 1 s t , 6 s ............ 1 9 1 2
105
I o w a E x t e n s i o n , 1 s t , 7 s ............1 9 0 9
122
135
A lb a n y & S u s q .— 1 s t , g u .,7 s 1 9 0 6 1 2 9
1 2 9 *£
2 d m o r t g . , 7 s ............................................1 8 9 1
T h ir d A v e n u e (N .Y ).— 1 s t 5 s , 1 9 3 '
1 1 3 *2
1 s t , c o n s . , g u a r . , 6 s ............... , 1 9 0 6
S o u t h w e s t E x t . — 1 s t , 7 s ............1 9 1 0
T o l . A . A . & C a d . — 6 s ............................1 9 1 7
11850 1 1 9 *2
122
9 9 *3
R e n s . & B a r . — 1 s t , c o u p . , 7 S .1 9 2 1
143
P a c i f i c E x t . — 1 s t , 6 s .....................1 9 2 1
T o le d o A . A . & G ’ d T r . — g . 6 s . 1 9 2 1 1 1 0
101
D e n v e r C i t y C a b le — 1 s t , 6 s . . . 1 9 0 8
98
I m p r . & e q u i p m e n t , 6 s ...............1 9 2 2
T o l . A . A . & M t . P I . — 6 s .................. 1 9 1 9
112
10L*3
D e n v . T r a m w a y — C o n s . 6 s , g .1 9 1 0 IC O
M in n . & P a c .— 1 s t m o r t g ., 5 s . 1 9 3 6
T o l . A . A . & N . M . — 5 s , g ............... 1 9 4 0
90
M e t r o p o l . R y . — l s t , g u . g .O s .1 9 1 1
M in n .S t .P .& S .S .M — 1 s t c .g . 4 s .1 9 3 8
U ls t e r & D e l .— 1 s t , c o n .,6 .,5 s . 1 9 2 8 1 0 3 4
D e n v . <te R . G . — I m p . , g . , 5 s . . . 1 9 2 8
M o .K .& T .— K .C .& P ., 1 s t, 4 s ,g .l9 9 0
U n i o n P a c i f i c — 1 s t , 6 s ........................ 1 8 9 6 1 0 6 * 3
D u lu t h & I r o n R a n g e — 1 s t 5 s . 1 9 3 7
99
D a i. & W a c o — 1 s t, 5 s , g u ..,.1 9 4 0
1 s t , 6 s ................................................................. 1 8 9 7 1 0 7
E T e n n . V a . & G a . — 1 s t , 7 s . . . 1 9 0 0 1 0 7 * 2 1.08% M i s s o u r i P a c i f i c — T r u s t 5 s . . . 1 9 1 7
1 s t , 6 s ................................................................. 1 8 9 8 1 0 3 %
D i v i s i o n a l 5 s ............................................. 1 9 3 0 1 0 0
1 s t c o l l . , 5 8 , g ..........................................1 9 2 0
C o l l a t e r a l T r u s t , 6 s .........................1 9 0 8 1 0 0
80 *2
1 s t e x t . , g o l d , 5 s ..................................1 9 3 7
*5 5
S t L .& I . M .- A r k .B r .,ls t ,7 S .1 8 9 5
C o l l a t e r a l T r u s t , 5 s ......................... 1 9 0 7
105
E q . & I m p . , g . , 5 s ..................................1 9 3 8
55
M o b il e & O h io — 1 s t e x t . , 6 s . . . 1 9 2 7
K a n s a s P a c if ic — 1 s t 6 s , g \ . .1 8 9 5
103
M o b ile & B i r i n . — 1 s t , g . , 5 s . . 1 9 3 7
S t . L . & C a i r o — 4 s , g u a r ............ 1 9 3 1
1 s t , 6 s , g ..................................
1896 105
*78
A la b a m a C e n t r a l— 1 s t 6 s . . .1 9 1 8 1 0 0
M o rg a n ’s L a . & T .— 1 s t, 6 s .... 1 9 2 0
C . B r . U . P . — F . c . , 7 s .................. 1 8 9 5
.E r ie
l e t , e x t e n d e d , 7 s .................. 1 8 9 7
1 1 1 *6
1 s t , 7 s ................................................................... 1 9 1 8
A t c h . C o l. & P a c . — 1 s t , 6 s . . . 1 9 0 5
85
84
2 d , e x t e n d e d , 5 s ....................................1 9 1 9 1 1 2
N a sh . C h a t. & S t. L .— 2 d , 6 s .. 1901
A t c h . J . C o . & W .— 1 s t , 6 s . . . 1 9 0 5
110
8 d , e x t e n d e d , 4 * s s .............................. 1 9 2 3 1 0 5 * 4
N e w O r le a n s * & G u l f — 1 s t , 6 s . 1 9 2 6
U . P . L i n . & C o l.— 1 s t , g ., 5 s . 1 9 1 8
4 t h , e x t e n d e d , 5 s ................................. 1 9 2 0 1 1 2
N . O . & . N o . E . — P r . 1 ., g . , 6 s . . 1 9 1 5
O r e g .S .L .& U .N .,c o l.t r s t .,5 s .l9 1 9
5 t h , e x t e n d e d , 4 s .................................1 9 2 8 1 0 0
103
N . Y . C e n t r a l.—
U t a h & N o r t h . - » l s t , 7 s ...............1 9 0 8
1 s t , c o n . , g . , I ’ d , 7 s ......................... 1 9 2 0
D e b . g . 4 s .....................................................1 9 0 5 1 0 2
104
G o l d , 5 s ....................................................... 1 9 2 6
R e o r g . , 1 s t l i e n , 6 s ............................1 9 0 8
N . J . J u n e — G u a r. 1 st, 4 s . . . 1 9 8 6 1 0 0
U t a h S o u t h e r n — G e n ., 7 s . . . 1 9 0 9 1 0 1 *3
B . N . Y . & E . — 1 s t , 7 s ..................1 9 1 6
133
B e e c h C r e e k — 1 s t , g o ld , 4 s . . 1 9 3 6 1 0 0
E x t e n . , 1 s t , 7 s ..................................1 9 0 9 1 0 1
1 0 3 *3
103
N . Y . L . E . & W .— C o l. t r ., 6 s . l 9 2 2
O s w , & R o m e — 2 d , 5 s , g .,g u .l9 1 5 * 1 0 4
102
V a l l e y R ’ y C o . o f O .— C o n . 6 s . 1 9 2 1
F u n d e d c o u p . , 5 s ..................................1 9 6 9
8 7*2
U t i c a & B l . R i v . — 4 s , g ., g u .1 9 2 2 1 0 0
W ab ash — D e b e n tu re , S e r. A .. 1 9 3 9
B u f f . & S . W . — M o r t g . 6 s _____1 9 0 8
N . Y . N . H . & H . — 1 s t , r e g . 4 S .1 9 0 3 1 0 3
N o . M i s s o u r i — 1 s t , 7 s ..................1 8 9 5
105
105
J e f f e r s o n — 1 s t , g u . g . 5 s _____1 9 0 9
1 0 4 * 2 N . Y . & N o r t h e r n — 1 s t , g ., 5 3 .1 9 2 7 * 1 1 0
105
S t . L . K . C . & N . — R . E . & R R . 7 3 .1 8 9 5 1 0 4
C o a l & R R . — 6 s .......................................1 9 2 2
2 d , 4 s ...........................................................
1927 8 2
S t . C h a r le s B r ’ g e— 1 s t ,6 s . . . 1 9 0 8 1 0 9
84
E u r e k a S p r in g s — 1 s t, g ., 6 s . . . 1 9 3 3
N . Y . S u s q . & W e s t .— 2 d , 4 * a s . l 9 3 7
W
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92
E v a n s . & T . H . — 1 s t ,c o n s .,6 s ..1 9 2 1
118
G e n . m o r t . , 5 s , g ................................. 1 9 4 0
W h e e l.& L .E .— 1 s t . 5 s , g o l d ... 1 9 2 6 1 0 0
97% 100
1 s t , g e n e r a l , g . , 5 s ............................1 9 4 2
N . Y . T e x . & M e x .— I s t ,4 s ,g u .l 9 1 2
E x t e n s i o n & I m p , g . , 5 s ............1 9 3 0
95

too

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* No DJloa «^ldayj tlieae are tin latest auotationa made tills wee*.

F o r M iscella n eou s & U n listed B o n d s—See 3d page preceding.

THE

A pr il 1, 1893.]

C H R O N IC L E .

Investment
' fUtlraact Intelligence,

R

5 35
Latest Earnings Reported.

o ads.

WeekorMo

1 8 9 2 -3 .

AND

I

Jan.

1 8 91-2.

I

1 8 9 2 -3 .

$

I

1

to Latest Date

*

I

1 8 9 1 -2 .

K

76,300
"i’,663
1,416
4,191
7,412
974
974
2.839
2,626
12,369
4,888
9,468
1,570,163 3,018,713 3.074,995
38,510
77,556
59.964
963,478
771,588
38,630
430,671
41,371
430,704
2,383
5.565
6,391
69,760
71,085
4,339
71,306
84,851 1,160,468 1,113,688
17,482
264,908
6,395
4,224
15,756

G .B a y W . A S t.
F e b ru a ry .
3 7 ,5 7 5
G r . P .W a l. A B r . J a n u a i y . . .
1 ,4 1 6
1 ,6 6 3
G u l f & C h ic a g o . F e b r u a r y .
4 ,0 5 4
6 ,6 7 0
H a r t s v i l l e .............. J a n u a r y . . .
1 .6 1 2
1 ,6 1 2
H o o a .T u n .A W il. J a n u a r y .. .
2 ,8 3 9
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The I n v e s t o r s ’ S u p p l e m e n t , a p am ph let o f
p a g es
H u m e a t ’n A S h e u F e b r u a r y .
12,000
2 5 ,6 0 0
2 7 .1 7 4
contains extended tables o f the Stocks and B on d s o f R a il­ H u t c h , A S o u t l i ’ n F e b r u a r y .
5 .1 5 4
1 1 ,4 6 8
Illin o is C e n tra l. F e b r u a r y .
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8 8 ,0 3 6
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U n t e r o c . ( M e x .) W k M c h 11
4 4 ,5 8 8
3 7 1 .8 1 3
It is published on the last S a tu rd a y o f every other m onth
I o w a C e n t r a l .. 3 d w k M a r
4 2 ,2 4 6
4 0 8 ,1 0 8
I r o n R a i l w a y . .. F e b r u a r y .
2 ,9 4 0
4 ,6 8 5
v iz ., J a n u a ry, M arch, M a y , J u ly, Septem ber and N ovem ber, K a n a w l i a & M i c l i 3 d w k M a r
6 .3 8 3
5 ,3 0 2
and is fu rn ish ed w ith ou t ex tra charge to all regular sub­ K a n C . C L A S p 3 d w k M a r
G 5 .2 6 3
K . C F .S .& M e m . 3 d w k M a r
8 9 ,8 9 6
scribers o f the C h r o n i c l e .
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K a n .C . S u b .B e lt J a n u a r y . . .
1 5 ,7 5 6
* 4 ,2 2 4
K . C . W & G u lf . D e c e m b e r.
p a g es o f the C h r o n i c l e , are published on the
1 5 ,9 0 7
K a n .C . W y . A N W F e b r u a r y .
2 5 .0 7 3
2 6 ,4 6 9
5 6 ,7 4 0
o f each m onth.
6 .8 5 6
K e o k u k A W e st. 3d w k M a r
7 ,9 7 6
8 6 ,1 6 6
L . E r ie A ll. A So . F e b r u a r y .
7 ,0 8 2
6 ,4 0 4
1 5 ,0 5 0
L . E r i e A W e s t .. 3 d w k M a r
7 1 ,5 9 2
6 1 ,4 0 2
7 8 5 ,1 8 3
L e h ig h A I l u d . . F e b r u a r y .
3 1 ,7 0 1
3 1 ,6 8 7
7 8 .3 5 8
L e h ig h V a l l e y . . J a n u a r y . . . 1 ,2 8 3 ,0 1 5 1 ,2 9 2 ,4 5 4
1 ,2 3 3 ,0 1 5
1 ,2 8 2 ,4 5 4
L o n g I s l a n d _____ 3 d w k M a r
5 9 .8 7 2
6 3 ,8 2 9
6 5 5 ,5 0 3
Latest Earnings Reported
6 5 3 ,1 6 9
Jan. 1 lo Latest Date.
L o u is . A M o .R iv . J a n u a r y .. .
H o ads.
3 4 .3 7 8
3 3 ,6 9 3
3 4 ,3 7 8
L o u is .E v .A S t .L . 3d w k M a r
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Week or Mo 1 8 9 2 - 3 .
3 0 ,1 8 8
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189 2 -3 .
1 8 9 1 -2 .
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4 1 0 .3 9 5
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A t c li.T .A S . F e . 3d w k M a r
6 2 7 ,9 2 9
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1 1 .4 6 7
7 ,4 7 4
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M a n ch e s A A u g . J a n u a r y .. .
S t. L . A S a n F . 3d w k M a r
1 6 0 .0 7 9
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1 ,8 2 6 ,5 8 4
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M a n i s t i q u e .............. F e b r u a r y .
C o l. M id la n d .. 3 d w k M a r
1 0 ,7 2 9
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6 4 ,8 6 3
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A t la n t a & F lo r ’a lF e b r n a r y .
9 ,9 2 6
1 6 9 ,7 4 9
1 3 2 ,8 6 7
1 ,6 1 0 .9 4 9
8 ,1 9 6
1 6 .6 0 9
1 4 ,3 3 0
fM e x . N a t io n a l. S d w k M a r
B . A O .E a s t L i n e s J F e b r u a r y . 1 ,3 4 2 ,7 0 5 1 ,4 3 4 ,3 1 0
8 8 ,5 5 0
8 4 ,4 8 7
9 8 2 ,7 2 3
2 ,7 1 0 ,1 6 0
8 6 5 ,2 3 1
2 ,9 8 0 ,9 1 7
{ M e x ic a n R ’ w a y W k M c h 18
W e s te rn L in e s F e b r u a r y .
5 1 ,0 0 0
6 5 ,6 4 3
6 8 6 ,9 4 4
5 0 3 .4 0 7
9 6 7 ,9 6 2
7 2 0 ,4 1 2
5 0 0 ,3 6 9
1 ,0 1 0 ,0 6 7
M ilw a u k e e A N o 3 d w k M a r
T o ta l
3 1 ,8 3 0
2 9 ,7 0 1
3 3 4 ,6 8 8
F e b ru a ry
1 ,8 4 6 , 1 1 2 1 , 9 3 4 . 6 7 9
3 ,6 7 8 ,1 2 2
3 2 5 ,7 7 6
3 ,9 9 0 ,9 8 4
M in e r a l R a n g e . F e b r u a r y .
1 0 ,0 9 3
1 5 ,1 0 7
7 ,3 0 8
B a l.A O .S o u t h w 3 d w k M a r
4 9 ,7 0 5
5 7 7 ,7 8 5
2 0 ,2 0 6
5 8 8 ,8 5 1
4 S .4 S 0
M in n e a p .A S t .I. F e b r u a r y .
1 1 7 .8 0 1
1 6 1 ,7 9 2
1 .8 2 1
2 4 4 .7 6 0
B a t h & H a in ’n d s J a n u a r y .
1 ,4 7 1
1 ,8 2 1
2 8 8 ,7 1 7
1 ,4 7 1
M
.
S
t
.
P
.
A
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.
S
.
M
.
B i r . & A t la n t ic . F e b r u a r y .
5
1
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2
4
5
4
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9
1
6
1
8 ,7 9 5
3
d
w
k
M
a
r
2 ,7 1 5
5 ,3 5 7
3 ,3 0 4
5 7 8 ,4 0 4
6 .0 5 9
M o.K a n . A T e x .. 3d w k M a r
1 4 3 ,5 2 1
1 3 1 ,7 4 7
1 .8 1 6 ,5 4 0
B i r .S h .A T e n n .R F e b r u a r y .
2 1 ,0 5 1
4 1 ,9 7 3
1 .6 7 3 ,8 3 3
1 8 ,8 6 0
3 7 ,9 1 5
M o .P a c .A I r o n M 3 d w k M a r I 4 4 3 ,7 6 6
B r o o k ly n E l e v . . 3 d w k M a r
4 3 1 ,4 0 2
3 8 ,3 1 3
5 ,7 2 5 ,0 9 3
5 ,6 6 5 .3 8 1
4 2 7 ,7 6 2
4 0 0 ,0 5 2
3 5 ,1 8 1
M o b il e A B i r m . F e b r u a r y .
2 4 ,0 2 3
5 1 ,9 8 0
B u f f .R o c h .A P it t 3 d w k M a r
2 1 ,5 9 7
6 4 ,5 1 6
4 4 ,4 1 7
6 1 4 ,9 9 4
5 1 ,9 3 7
6 2 3 .1 0 0
M o b il e A O h i o .
B u r .C .R a p . A N 2 d w k M a r
2 7 1 ,1 5 0
5 7 6 ,3 3 1
F e b ru a ry .
3 0 6 ,4 1 5
7 5 ,0 1 3
5 9 1 ,5 9 3
7 7 9 ,9 3 2
8 2 3 .3 9 2
7 4 ,5 1 8
N a s li .C h .A S t . L F e b r u a r y .
8 3 6 ,2 6 3
C a m d e n A A t l . . J a n u a r y ...
4 0 2 .8 0 1
4 3 4 ,7 0 7
' 3 6 ,4 9 5
8 3 2 ,5 8 5
3 3 ,6 7 6
3 3 ,6 7 6
3 6 ,4 9 5
N e w O r l.A S o ’ n . . F e b r u a r y .
C a n a d i a u P a c if ic - 3 d w k M a r
1 1 ,8 2 3
3 5 4 ,0 0 0
24 274
1 1 ,2 8 8
3 4 9 ,0 0 0
2 4 ,4 3 0
3 ,8 4 3 ,9 0 6
4 ,1 2 7 ,4 7 1
N .Y .C .A H .R ...
C a r. C u m . G A C b . Ja n u a ry
F e b r u a r y . 3 ,2 3 5 .0 5 2 3 ,5 0 5 ,4 1 5
3 ,7 8 8
6 ,7 4 1 ,3 9 6
2 ,5 3 5
6 ,8 2 7 ,2 7 5
3 ,7 8 8
2 ,5 3 5
C a r . M i d l a n d ____ F e b r u a r y .
N . Y . L . E . A W F e b r u a r y . 2 ,1 0 0 ,4 8 2 2 ,2 7 8 ,6 2 3
6 ,1 4 L
4 ,2 9 5 ,3 4 4
4 ,4 6 5 ,1 9 3
5 ,4 3 3
1 0 .7 0 6
9 ,6 0 2
C e n t r a l o f N . J . . F e b r u a r y . 1 ,1 0 0 ,6 5 5 1 ,1 3 8 ,3 3 4
N .y .P a .A O h io .. J a n u a r y .. .
5 2 4 ,6 2 4
5 2 4 ,6 2 4
5 3 3 ,9 9 8
2 ,1 6 4 ,4 3 7
5 3 3 ,9 9 8
2 ,1 1 2 ,6 3 8
D e c e m b e r.
C e n t r a l P a c if ic .. J a n u a r y .. .
N . Y .A N .E n g ..
9 4 4 ,0 6 0
6 .2 2 0 .4 9 4
9 4 6 ,3 1 7
6 ,2 2 9 ,0 3 0
9 4 4 .0 6 0
9 4 6 ,3 1 7
N .Y .A N o rth ’ n .. F e b r u a r y .
C e n t r a l o f S . C .. J a n u a r y ...
3 9 ,8 3 2
3 9 ,3 6 0
8 5 ,7 9 0
9 ,8 3 5
7 5 ,2 7 9
8 .7 8 2
9 ,8 3 5
8 ,7 8 2
N . Y . O u t. A W .. 3 d w k M a r
C h a r .C in .A C h ic . F e b r u a r y .
5 2 ,0 1 4
6 9 ,8 5 8
7 0 0 .0 9 0
1 4 ,0 9 8
5 6 7 ,4 9 0
2 6 .5 8 3
1 5 ,4 1 6
2 6 .5 5 5
N .Y S u s q . A W . . F e b r u a r y .
C h a r le s t ’ n A S a v J a n u a r y ...
1 1 3 ,8 5 1
2 1 8 ,9 8 9
2 2 7 .7 8 3
5 7 .3 2 7
6 2 .8 6 4
5 7 ,3 2 7
6 2 ,8 6 4
N o rf. A S o u th ’ n J a n u a r y .. .
C h a r .S u m .A N o . F e b r u a r y .
1 9 .2 2 1
1 9 ,2 2 1
2 9 ,9 0 8
2 3 .0 0 0
3 8 .5 1 0
2 9 ,9 0 8
1 7 ,0 8 5
3 0 .0 8 5
C h e r a w .A D a r l.. J a n u a r y . . .
N o r f o lk A W e s t . 3 d w k M a r
2 1 5 ,7 0 3
1 7 2 ,7 8 4
2 ,0 9 3 ,5 2 9
2 ,0 2 1 ,6 3 4
8 ,7 2 4
6 ,4 6 2
8 ,7 2 4
6 .4 6 2
N ’ t h e a s t ’n ( S .C .) Ja n u a r y . . .
C b e s . & O h io ..
3d w k M a r
6 1 ,2 3 6
6 2 ,5 4 4
G 1 .2 3 6
2 ,0 7 5 .4 9 0
6 2 ,5 4 4
1 9 6 ,0 7 2
1 6 6 ,3 7 1
2 ,0 1 5 ,2 4 6
N o r lh ’n C e n t r a l. F e b r u a r y .
5 3 7 ,4 1 3
C h e s . O . A .S . W . 3 w k s F e b .
5 7 6 ,0 4 4
1 ,0 5 9 ,1 3 1
1 ,1 2 5 ,9 5 4
1 3 6 ,0 6 2
3 4 6 .9 7 1
1 2 7 ,7 5 0
2 9 4 ,4 5 5
C b ic . B u r . & N o J a n u a r y ...
N o rth e rn P a c if ic 3 d w k M a r
4 0 3 ,7 3 2
1 4 6 ,7 4 4
3 9 2 .0 0 0
4 ,2 1 3 ,6 4 6
3 ,5 4 6 ,2 5 8
1 4 6 ,7 4 4
1 5 0 ,0 7 8
1 5 0 ,0 7 8
C h ic . B u r . & Q .. F e b r u a r y
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9
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2 ,9 8 2 ,2 3 6 3 .0 6 8 .3 8 5
6
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7
7
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1
8
4
0 3 4 ,5 2 9
C h ic . A E a s t . i l l . id w k M a r
N .P . A W .C e n t . 3 d w k M a r
4 .5 1 6 .4 9 4
5 0 5 ,6 8 7
5 ,2 9 4 ,0 4 4
8 6 ,3 3 9
9 0 ,4 6 8
9 6 9 ,1 5 5
8 4 6 ,2 4 1
C h ic a g o A E r i c . J a n u a r y . . .
O
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6 9 2 .0 9 7
2 3 5 ,2 5 9
2 3 8 ,0 5 6
2 3 5 ,2 5 9
2 3 8 ,0 5 6
C h i c . G t . W e s t ’ ll 3 d w k M a r
O h io R i v e r ............... 3 d w k M a r
1 2 ,4 0 4
1 5 ,7 2 5
1 5 4 .2 7 5
1 2 3 .4 8 4
8 4 ,3 7 1
9 2 3 ,4 7
9 6 ,7 0 8
9 9 4 ,9 9 5
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C h ic .M i l.& S t .P . 3 d w k M a r
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1 1 7 ,3 9 8
6 1 5 ,8 8 3
6 1 7 ,9 2 6
6 ,5 6 6 ,6 8 0
C h ic . A N ’ t h w ’n . F e b r u a r y . 1 ,9 7 8 ,5 5 0 2 , 2 6 6 , 1 S 3
O m a h a A S t. L . . F e b r u a r jr .
1 0 3 ,4 5 0
4 8 ,8 5 2
4 7 ,4 5 6
1 0 3 ,1 7 1
4 ,2 2 0 ,6 3 0
4 ,5 0 2 ,8 8 5
C h ic .P e o .A 9 X A 3d w k M a r
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2 8 ,1 2 9
3 0 2 ,4 9 2
2 5 ,7 3 9
2 7 7 ,'3 9
C h i c . R ’k L A P . . F e b r u a r y
P a c l.T e n n .A A la . F e b r u a r y .
2 2 ,2 8 0
9 ,5 6 3
1 6 ,0 0 1
4 6 ,4 0 6
1 ,3 3 4 ,7 6 5 1 ,3 2 1 ,4 3 8
2 ,7 1 - 1 ,9 1 5
2 ,6 1 3 ,9 8 3
C h ic .S t . P .M .& O F e b r u a r y .
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6 0 0 ,5 3 0
6 3 7 ,5 9 8
1 ,2 5 5 ,2 5 8
1 ,2 6 7 ,6 2 7
C h ic . & W . M ic h 3 d w k M a r
12,0 00
P e c o s V a l l e y _____ D e c e m b e r .
8 ,2 1 6
1 2 3 ,7 3 8
5 7 ,7 8 0
3 8 ,7 9 6
3 0 2 ,4 7 2
3 6 2 ,3 5 0
3 4 ,3 1 5
C in . G a . A P o r t s l a u u a r y . . .
P e n n s y l v a n i a . .. F e b r u a r y . 5 ,1 2 7 ,0 3 8 5 ,2 0 7 ,0 9 7 1 0 ,0 5 0 ,2 8 4 1 0 ,2 2 6 ,8 3 8
4 ,5 3 2
4 ,5 4 2
4 ,5 3 2
4 ,5 4 2
C i n . J a c k & M a c 3 d w lc M a r
P e o r ia D e c .A E v . 3d w k M a r
1 6 ,6 2 4
1 8 8 ,7 0 1
1 4 ,5 2 1
1 6 ,2 3 5
1 9 5 ,8 2 6
1 3 ,2 5 4
1 4 0 ,0 5 5
1 4 8 .7 1 8
C in .N . O . A T . P 3 d w k M a r
P
e t e r s b u r g .............. J a n u a r y . . .
3 7 ,5 5 9
3 6 ,6 9 7
3 7 ,5 5 9
3 6 ,6 9 7
7 6 ,9 5 4
6 6 ,7 4 1
8 6 0 ,0 9 2
9 0 8 ,6 7 1
A la .G t . S o u th 3d w k M a r
P a ila . A E r i e . .. J a u u a r y ...
3 2 1 ,4 0 1
3 5 9 ,6 7 5
3 2 1 ,4 0 1
3 5 9 ,6 7 5
3 3 ,0 3 3
4 0 4 ,2 5 7
2 7 .7 0 6
4 0 0 .0 6 0
N . O r l . A N . E . •id w k M u r
P
l
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a
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.
3 ,5 1 5 ,9 8 9
F e b r u a r y . 1 ,6 3 1 ,3 4 7 1 ,7 8 8 ,7 7 4
2 6 ,6 6 0
3 ,1 3 7 ,1 2 8
3 2 6 .9 7 1
2 8 1 ,5 2 5
1 8 ,7 5 5
A l a . & V ic k s b . 3 d w k M a r
C o a l A i r . C o .c . F e b r u a r y . 3 . 4 4 7 , 5 2 8 1 , 7 7 8 , 0 2 8
8 ,7 6 6 ,6 4 1
3 ,3 1 0 ,0 6 9
9,287
1 3 0 ,6 9 7
1 4 5 ,8 5 3
1 0 .0 6 9
V i c k s . S b . <5cP. 3 d w k M a r
6 ,3 2 6 ,0 5 7
T o t a lb o t h C o s . F e b r u a r y . 5 ,0 7 8 ,8 7 5 3 .5 6 6 ,8 0 2 1 L , 9 0 3 ,7 6 9
7 ,2 4 5
1 3 6 .1 9 2
1 2 5 ,5 7 c
7 ,8 2 3
E r l a n g e r S y s t . id w k M a r
1 ,2 9 2 ,4 5 4 '
L e h ig h V a lle y . J a n u a r y . . . 1 ,2 8 3 ,0 1 5 1 ,2 9 2 ,4 5 4
1 ,2 8 3 ,0 1 5
1 5 3 ,1 7 9
1 3 1 ,0 9 4
1 ,8 4 3 ,3 9 3
1 ,8 7 6 ,4 9 8
C ln n . N o r t h w ’n . F e b r u a r y
P it t s . M a r. A C h . F e b r u a r y .
3 .2 2 1
6 ,2 6 0
3 ,1 3 8
6 ,5 2 9
1 ,5 4 0
2 ,8 6 7
3 ,0 6 9
1 ,5 3 8
C in . P o r t s . A V . F e b r u a r y .
P it t .S b e n .A L .E , D e c e m b e r.
3 2 ,3 2 2
3 1 ,5 7 9
3 9 4 ,1 3 1
1 6 ,0 7 3
3 3 6 ,7 0 6
1 6 ,7 6 3
3 1 ,3 6 9
3 5 ,2 5 8
C o l. & M a y s v . F e b r u a r y .
4 0 ,8 6 4
P it t s . A W e s t. s y s 3 d w k M a r
5 3 ,9 3 5
4 7 8 ,2 5 7
4 5 7 .5 9 8
975
1 ,8 9 3
1 ,7 7 9
1 ,0 0 9
d e v . A k ro n A C o . 3d w k M a r
7 3 ,4 8 2
1 7 2 ,7 1 2
P it l.Y o u n g .A A . F e b r u a r y .
9 2 ,2 2 5
1 5 7 .5 6 3
2 0 ,3 2 0
1 8 8 ,7 7 2
1 7 .9 7 1
2 1 1 ,7 9 2
d e v . C a n . A So. J a n u a r y ...
P t . R o v a l A A u g . J a n u a r y ...
3 0 ,4 1 6
2 1 ,2 0 7
2 1 ,2 0 7
3 0 ,4 1 6
5 8 ,1 4 0
4 2 ,6 0 2
5 8 ,1 4 0
4 2 ,6 0 2
C l. C in .C l i.A S .L . 3d w k M a r
P t. R o y . A W . C a r. J a n u a r y ...
2 6 2 ,8 6 4
3 0 ,9 9 9
1 9 ,3 0 6
3 0 ,9 9 9
1 9 ,3 0 6
2 ,7 5 4 ,2 2 1
3 ,0 9 1 ,8 1 4
2 6 2 .7 1 3
P e o . A E a s t ’n . 3 d w k M a r
4 8 ,3 5 2
Q u in c y O .A K .C . F e b r u a r y .
1 9 ,3 4 9
2 3 ,3 9 6
4 1 ,6 9 1
3 0 ,0 9 6
3 5 ,3 5 2
3 8 3 ,9 8 9
3 3 5 ,6 8 1
C le v . A M a rie t t a 3 d w k M a r
6 ,9 9 6
R ic h . A P e te r s b . J a n u a r y .. .
2 4 ,2 4 3
2 5 ,2 5 9
2 4 ,2 4 3
2 5 ,2 5 5
6 ,1 9 1
7 5 ,9 2 1
6 7 ,4 0 1
C o l . N e w b . A L . J a n u a r j r. . .
R io G r . S o n t li’n . 3 d w k M a r
1 0 ,5 4 6
1 0 ,8 1 8
1 4 0 ,4 4 6
1 1 1 ,8 1 1
7 ,1 3 7
3 ,7 6 2
7 ,1 3 7
3 ,7 6 2
C o l. H . V . & T o l . F e b r u a r y .
3 9 ,2 0 0
R io G r . W e s t ’ n .. 3 d w k M a r
4 2 ,2 0 0
4 0 4 .9 1
2 5 1 ,3 3 7
5 2 9 ,7 6 4
4 4 9 .5 9 8
2 2 2 ,3 6 6
4 6 9 ,9 6 5
C o l.S h a w n e e A H 3 d w k M a r
S a g .T u s c o la & H . F e b r u a r y .
6 ,9 9 0
8 ,4 1 4
1 6 ,8 8 3
1 4 ,2 6 4
1 0 ,7 4 5
1 3 4 ,3 8 4
1 0 .9 7 2
1 6 4 ,6 6 2
C o lu s a A L a k e . . F e b r u a r y .
S a g .V a l. A S t . L . J a n u a r y .. .
6 ,4 1 3
7 ,0 9 9
6 ,4 1 3
7 ,0 9 9
1 ,8 0 0
1 ,5 5 0
3 ,1 5 0
3 ,4 5 0
C o n n . R i v e r ............ F e b r u a r y .
S t. L . A . A T . H . 3d w k M a r
3 1 4 ,3 0 5
7 9 ,4 8 0
2 6 ,2 3 0
3 1 .0 0 0
3 5 3 ,7 0 9
1 6 2 ,2 2 4
8 4 ,0 7 3
1 6 6 .7 1 9
C u rre n t R iv e r .. 3d w k M a r
2 ,8 0 4
2 ,5 0 7
2 ,5 0 7
2 ,8 0 4
S t .L .K e n ’e tA S o . J a n u a r y ...
3 1 ,8 6 2
3 ,2 3 8
2 ,1 7 1
3 1 .7 5 3
D e n v . A R io G r . 3 d w k M a r
S t . L . S o u t h w ’r n . 3 d w k M a r
7 5 ,8 0 0
1 0 0 ,6 0 0
1 ,1 6 9 ,6 3 7
9 5 9 ,5 9 7
1 5 9 ,3 0 0
1 5 4 ,5 0 0
1 ,8 5 2 ,6 4 2
1 ,8 6 9 ,6 1 6
D e s . M .N o . A W . F e b r u a r y .
2 5 2 ,1 8 0
S t . P a u l A D u l ’ th F e b r u a r y .
2 4 4 ,3 6 1
2 6 .3 2 7
112,868 1 3 0 ,7 7 8
3 4 ,2 4 6
5 5 ,0 1 4
6 5 ,4 3 6
D e t .B a y C .A A .lp , F e b r u a r y .
1 2 ,3 0 3
1 3 3 .5 6 4
. F r a u . A N .P a c . 2 d w k M a r
3 2 ,4 6 1
1 2 2 ,0 6 6
9 ,9 3 8
2 9 ,6 1 1
5 8 ,6 9 1
7 0 ,2 1 5
D e t . L a n s ’ g A N o 3 d w lc M a r
S a n d e r s v .A T e n . F e b r u a r y .
1 ,1 5 8
965
498
2 2 ,2 3 3
2 4 6 ,0 7 4
2 1 ,0 2 9
2 3 6 ,8 9 6
D u lu t h S .S .A A t l. 3 d w k M a r
S a n A n t. A A . P . D e c e m b e r.
1 1 3 ,0 1 7
1 7 3 ,0 3 5
4 0 ,4 5 7
4 0 ,5 3 7
3 6 7 ,9 6 9
3 7 6 ,1 9 4
D u l u t h <fc W i n n . . J a n u a r y . . .
3
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4
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1 1 ,6 6 2
1 6 ,4 7 4
1 1 ,6 6 2
E .T e n n .V a . A G a 3 d w k M a r
6 ,8 6 0
6 ,0 7 3
340
S i l v e r t o u .................... F e b r u a r y .
1 0 9 ,0 7 4
n il
1 0 7 ,2 5 8
1 ,3 3 6 ,1 6 2
1 ,4 1 3 ,1 7 8
E lg in . J o l .A E a s t F e b r u a r y .
6
6
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4
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6
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4
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1
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3
4
6
7 1 ,4 2 9
S
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C
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A
N
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.
F e b ru a ry .
3 4 ,3 4 8
6 2 ,9 5 3
1 3 6 ,7 0 3
1 2 8 ,7 9 9
E v a n s & In d ’p iis 3 d w k M a r
4 0 ,5 8 3
2 3 ,0 2 0
1 2 ,6 0 0
S o u t h B o u n d _____ F e b r u a r y .
7 ,2 2 7
22.0 0 0
7 .0 6 9
7 7 ,1 7 7
7 3 ,0 1 9
E v a n s . & R ic h
2
3
5
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9
4
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1
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2
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2d w k M ar
1
5
0
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8
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1
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9
1
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2 ,6 4 7
S o u th C a r o lin a .. F e b r u a r y .
1 ,8 8 9
2 0 ,3 4 2
1 6 ,5 9 8
E v a n sv . & T . H . 3d w k M ar
1 ,0 4 3
1 ,0 4 3
1 ,0 4 6
S o u t h A N o r .C a r . J a n u a r y . . .
1 ,0 4 6
2 3 ,9 0 0
2 5 8 ,4 3 4
2 4 .7 0 6
2 7 5 ,8 0 0
F i t c h b u r g .................. J a n u a r y . . .
S o . P a c if ic C o .5 7 6 ,9 3 3
5 3 1 ,2 4 0
5 3 1 ,2 4 b
5 7 6 ,9 3 3
3 5 9 ,4 2 7
3 6 6 ,4 7 4
F l i n t A P .M a r q .. 3 d w k M a r
3 5 9 ,4 2 7
3 6 6 ,4 7 4
O n !. H a r . A S . A J a n u a r y . . .
6 3 ,3 1 0
7 1 2 ,3 7 1
6 9 ,4 8 8
6 0 9 ,3 1 3
9 6 ,6 t 8
1 1 0 ,4 2 7
F l o r e n c e ...................... J a n u a r y . . .
9 6 ,6 6 8
1 1 0 ,4 2 7
1 0 ,8 7 9
2 ,9 6 4
L o u is ’a W e s t .. J a n u a r y .. .
2 ,9 6 4
1 0 ,8 7 9
5 2 2 ,4 2 3
4 7 3 ,8 9 8
F t . W . A R io G r F e b r u a r y .
4 7 3 ,8 9 8
M o rg a u ’ s L A T . J a n u a r y ...
5 2 2 ,4 2 3
2 5 ,1 6 2
5 1 ,9 4 4
2 5 ,1 0 7
4 4 ,3 9 8
1 8 ,5 3 0
1
8
,5
3
0
1
8
,7
6
5
G a d s d . & A . U n . D e c e m b e r.
1 8 ,7 6 5
N .Y .T . A M e x . J a n u a r y ...
1 ,1 3 3
1 ,2 4 7
1 4 ,1 4 4
1 4 ,4 8 8
1 3 2 ,6 6 8
1 5 3 ,7 6 2
1 3 2 ,6 6 8
G a . C a r ’ la & N o . J a n u a r y ...
1 5 3 ,7 8 2
T e x . A N , O r l.. J a n u a r y ...
3 9 ,4 1 0
1 2 ,1 5 2
1 2 ,1 5 2
1
,
0
9 9 ,4 3 2
1
,
0
9
9
,
4
3
2
1
,
1
9
3
,
3
1
5
G e o r g i a R R ............ J a n u a r y . . .
A t l a n t i c s y s . r f . J a n u a r y . . . 1 1 9 3 ,8 1 5
1 3 3 ,4 3 9
1 1 6 ,7 5 1
1 3 3 ,4 3 9
1 1 6 ,7 5 1
2 ,4 1 7 ,2 0 9
2 ,6 0 0 ,7 8 9
G eo. So. & F la ... F e b ru a ry .
P a c i f i c s y s t e m j a n u a r y . . . 12 , 6 0 0 , 7 8 9 2 , 4 1 7 , 2 0 9
7 6 ,1 7 1
1 2 5 ,1 5 0
6 4 ,4 5 0
1 5 1 ,0 1 7
3
,
7
9
4
,
6
0
4
3
,
5
1
6 ,6 4 0
3
,
5
1
6
.
6
4
0
G e o r g e t ’ n A W ’n J a n u a r y .. .
T o t a l o f a l l . . J a n u a r y . . . 3 ,7 9 4 ,6 0 4
3 ,4 7 9
: 4 ,1 0 9
3 ,4 7 9
4 ,1 0 9
1 3 8 ,0 7 5
1 6 7 ,0 9 5
1 3 8 ,0 7 5
G r .R a p .A In d ... 3 d w k M a r
1 6 7 ,0 9 5
C o a s t D iv (C a L ) J a n u a r y .
4 9 8 .1 9 2
4 9 ,3 3 5
4 9 ,4 7 9
4 6 4 ,4 8 2
6
6
4
,0
8
0
5
7
6 ,5 5 9
5
7
6
,5
5
9
C in . R . A F t .W . 3 d w k M a i
6 6 4 ,0 8 0
S o u .D iv . (C a l.) J a n u a r y .. .
1 0 ,7 2 3
1 0 ,4 0 9
1 0 2 ,2 8 6
9 7 ,3 3 8
1 8 7 ,4 1 1
1 6 3 ,8 0 8
O t h e r l i n e s ____ 3 d w k M a r
1 6 3 ,8 0 3
1 8 7 ,4 1 1
A r iz o n a D i v . . J a n u a r y ...
4 ,1 9 4
4 ,4 3 6
4 6 .5 5 6
4 0 ,5 9 5
8
6
,1 2 7
8
6
,
1
2
7
8
8
,6
9
9
T o t a l a l l lin e s . 3 d w k M a r
8 8 ,6 9 9
6 4 ,2 5 2
N e w M e x .D iv . J a n u a r y ...
6 4 ,3 2 4
6 0 2 ,4 1 4
6 4 7 ,0 2 3
9 ,4 8 0
8 ,0 0 8
G r a n d T r u n k ____ W k M c h 2 5
8 ,0 0 8
9 ,4 8 0
S p a r . U n . A C o l,. J a n u a r y . . .
3 8 5 ,5 9 1
4 ,2 2 2 ,3 2 1
3 9 3 ,4 3 7
4 ,1 1 1 ,8 4 6
1
1
2
,
259
1
1
3
,3
5
1
C h ic . & G r . T r . W k M c h l S
5 6 ,8 6 9
5 3 ,3 5 3
S ta te n Is l. R . T . F e b r u a r y .
8 1 ,9 6 7
7 6 ,4 9 7
8 3 0 ,7 0 5
7 0 2 .2 3 8
1 ,1 0 7
1 ,3 9 5
1 ,1 0 7
D e t .G r .H .& M . W k M c h 1 8
1 ,3 9 5
1 9 ,9 5 1
2 3 ,7 3 3
S t o n y C l.A C M t .. J a n u a r y .. .
2 3 5 ,8 9 0
2 0 6 ,4 8 1
1
9
6
,
174
2
1
9
.
8
3
3
G re a t N o rth ’ n—
1 0 4 ,0 5 1
1 1 7 ,4 5 2
S u m m it B r a n c h . F e b r u a r y .
1 4 7 ,6 4 9
S t. P . M . A m . F e b ru a ry .
7 3 ,5 3 3
1 6 8 ,0 0 5
8 5 ,9 1 6
1 ,6 6 7 ,5 5 4
L y k e n s V a lle y F e b r u a r y .
7 4 9 ,5 0 5
8 6 8 ,6 0 6
1 ,6 1 8 ,2 3 7
3 4 3 .8 2 3 <
E a s t , o f M in n F e b r u a r y .
1 7 7 ,5 8 4
3 8 7 ,8 8 8
2 0 3 ,3 6 8
T o t ’l b o th C o ’s F e b r u a r y .
6 6 ,8 8 0
1 1 9 ,9 8 8
5 7 ,9 0 6
1 6 8 ,3 1 7
1 0 7 ,4 1 4
1 ,4 5 5 ,3 4 4
M o n ta n a C en t ' F e b ru a ry
1 ,5 5 2 ,2 1 6
1 1 8 ,5 4 6
T e x a s A P a c if ic . 3 d w k M a r!
8 4 ,2 5 5
1 8 3 ,6 0 6
8 6 ,5 3 1
1 8 1 .2 3 9
7 ,9 4 5
4 ,3 5 5
4 ,2 2 1
T o t . s y s t e m .* F e b r u a r y ]
T e x. S. V alA N . W . F e b ru a ry J
9 0 0 ,6 3 9 1 , 0 1 3 , 0 4 5
1 ,9 6 7 ,7 9 3 1 ,9 7 1 ,1 4 7

150

—

sfe
Saturday

third

55,007
93,215
12,507
732,017
58,879

RAILROAD EARNINGS.

33,693
244,888
4,550.395
139.794
11,904

3

1,323

104,391

6

491,012

8

633

39,410

8,894

THE CHRONLCLE

536
K O AJ»S.

Latest Earnings Reported.
Week or Mo 1 8 9 2 - 3 .
1 8 9 1 -2

Jan.

1

to Latest Date.

1 8 9 2 3.

a F ig u re s

c o v e r o n ly
b E a r n in g s g iv e n a r e
c T h e b u s in e s s o f t h e
p a r t m e n t 8 is in c lu d e d
n o t g iv e n s e p a r a t e ly .
fo r tn e w e e k a n d s in c e

1 9 .1 7 1
2 7 ,2 3 9
2 2 ,9 9 8
4 0 ,9 9 0
1 ,9 6 2
2 0 ,0 8 0
4 8 3 ,7 4 8
2 8 4 ,8 1 9
4 1 3 ,0 4 4
2 5 ,5 0 0
1 ,7 4 2 ,2 4 4
3 ,0 5 0 ,4 6 8
1 1 5 ,5 0 1
3 ,1 6 5 ,9 7 0
9 1 ,2 2 0
2 ,0 8
3 ,0 1 4
9 6 ,3 1 7
3 ,2 1 4 ,1 2 8
1 3 ,5 5 8
2 6 6 ,1 2 2
9 0 ,3 8 0
8 1 ,3 1 5
1 8 ,3 9 5
7 0 ,4 8 6
6 1 ,0 0 0 ,
2 5 .1 8 4
2 .7 5 7 1
6 9 ,6 9 1
5 ,4 2 7 1

2 5 6 ,4 4 2
4 5 3 ,1 2 2
2 1 6 ,6 2 9
4 1 9 .2 2 9
2 5 ,9 3 0
2 1 ,8 3 2
4 3 3 ,1 5 2
2 8 0 ,0 8 3
4 8 5 .1 4 4
2 9 2 ,0 8 7
1 .7 1 5 ,3 4 2
3 ,0 3 7 ,6 9 3
1 0 4 ,1 4 3
3 ,1 4 1 ,8 3 7
3 6 ,7 4 4
2 ,4 5 8
3 ,5 6 8
4 2 ,7 7 0
3 ,1 6 3 ,2 2 i
2 4 ,6 0 0
2 , 8 4 8 , 5 16
9 3 ,7 6 5
1 5 2 ,7 0 5
1 8 ,7 0 3
1 5 6 ,3 7 7
7 4 8 .4 3 4
2 7 3 ,2 8 7
1 ,8 2 5
5 5 ,6 2 0
4 ,9 0 0

2 0 8 ,6 9 3
3 5 2 .3 2 5
2 3 2 ,7 6 6
4 5 4 ,8 4 1
2 7 ,0 3 8
2 0 ,0 9 0
4 8 3 .7 4 8
2 8 4 .8 1 9
4 4 3 ,0 4 4
2 5 9 .8 2 0
1 ,7 4 2 ,2 4 4
3 ,0 5 0 ,4 6 3
1 1 5 ,5 0 1
3 ,1 6 5 ,9 7 0
9 1 ,2 2 0
2 ,0 8 2
3 ,0 1 4
9 6 ,3 1 7
3 ,2 1 4 .1 2 8
2 5 ,8 5 9
2 , 9 9 > ,1 3 2
9 0 ,3 6 0
159 514
1 3 ,3 9 5
1 3 0 ,5 6 9
7 0 0 ,4 5 3
2 6 5 ,7 6 9
2 ,7 5 7
6 9 ,6 9 1
5 ,4 2 7

2d week of March.

A tc h . T o p . A S a n . F e 9 y s .
S t . L o u is & S a n F r . S y s .
C o l o r a d o M i d l a n d -----B a l t . A O h io S o u t h w e s t .
B u f f a l o ’ B o o h . <fc P i t t s h . . .

C h ic a g o & E a s t . I l l i n o i s ..
C h ic a g o G i e a t W e a t ’ n . ..
C h i c a g o M i l w . & 8t . P a u l .
C h ic . P e o r ia & S t . L o u is .
C h ic a g o & W e s t M ic h ig a n
C in . J a c k s o n A M a c k in a w
O i n . N .O . A T . P a e . ( 5 r o a d s )
C l e v e . A k r o n & C o l ...............
O le v e . C in . C h ic . & S t . L . ..
P e o r i a & E a s t e r n ..................
C le v e la n d & M a r ie t t a . .
C o l. S h a w n e e & H o c k in g .
C u r r e n t R i v e r ................................
D e n v e r & R io G r a n d e ...
D e t r o it L a n s in g & N o r th .
D u l u t h S . 8. & A t l a n t i c . . .
E a s t T e n n e s s e e Y a .& G a .
E v a n s v . & In d ia n a p o lis ..
E v a n s v . & T e rre H a u te .
F lin t & P e re M a rq u e tte ..
B r a n d R a p id s & In d ia n a .
C in c in n a t i R . & F t . W ..
O t h e r l i n e s ............ ........................
* G ra n d T r u n k o f C a n a d a
• C h ic a g o & G r a n d T r u n k .
D e t r o it G r . H a v . & M i l . .
I n t e r n ’l & G t . N o r t h ’ n . . .
I o w a C e n t r a l . ................................
K a n a w h a & M i c h i g a n _____
K a n s a s C it y C lin . & S p r ..
K a n . C i t y F t . S . & M e m ..
K a n s a s C . M em . & B irin .
K e o k u k & W e s t e r n ..................
L a k e E r i e & W e s t e r n _____
L o n g I s l a n d ......................................
L o u is v . E v a n s . & S t. L . .
L o u is v ille & N a s h v ille ...
L o u is . N . A lb . A C h ic a g o .
L o u is v ille S t. L . & T e x a s .
M e m p h is A C h a r l e s t o n .. .
M e x i c a n C e n t r a ! ........................
M e x i c a n N a t i o n a l .....................
* M e x i c a n R a i l w a y ..................
M ilw a u k e e * N o r t h e r n ..
M i n n . 8t . P . & 3 . S t e . M . .
M o . K a n s a s & T e x a s ............
M o . P a c i f i c A I r o n M t _____
N e w Y o r k O n t . & W e s t 'n .
N o r f o l k & W e s t e r n ..................
N o r t h e r n P a c i d c ........................
W i s c o n s i n C e n t r a l ............
O h io R i v e r ............................................
P e o r ia D e c . A E v a n s v . . .
P i t t s b u r g & W e s t e r n ______
R i o G r a n d e S o u t h e r n _____
R i o G r a n d e W e s t e r n ............
S t. J o s e p h A G d . Is la n d ..
S t . L . A lt . A T .H . B r c h e s
S t . L o u is & S o u t h w e s t ’n .
T e x a s & P a c i f i c ...........................
T o l. A n n A . & N . M ic h ...
T o l e d o A O h io C e n t r a l . . .
T o le d o P e o r ia A W e s t ’n ..
T o le d o S t . L . A K a m C i t y .
W a b a s h ....................................................
W e ste rn N . Y . & I Je n u ...
W h e e lin g A L a k e E r i e . . .
T o t a l ( 7 9 r o a d s ) .....................
N e t i n c r e a s e (5 - 7 8 p .

c .)

1892.

*
6 2 7 ,9 2 D 0 ,0 7 9
3 8 .“ 3 i
4 9 ,7 0 5
3 8 ,3 1 0
6 1 .5 1 6
3 5 4 ,0 0 0
1 9 6 ,0 7 2
9 0 ,4 6 8
8 4 ,3 7
6 1 5 ,8 8 3
2 3 ,1 2 9
3 8 ,7 9 6
1 4 ,5 2 1
1 5 .1 7 9
2 0 ,3 2 0
2 6 2 ,8 6 4
3 0 ,0 9 6
6 ,9 9 6
1 0 ,7 4 5
3 ,2 3 3
1 5 9 ,3 0 0
2 2 ,2 3 3
4 0 ,4 5 7
1 0 9 ,0 7 4
7 ,2 2 7
2 3 ,9 0
6 3 ,3 1 0
4 9 ,3 3 5
1 ,7 2 3
4 ,1 9 4
3 7 2 ,3 7 9
7 6 .4 9 7
1 9 ,9 5 1
7 4 ,2 2 0
4 2 ,2 4 6
6 .8 8 1
5 ,3 0 2
8 9 ,8 9 6
2 0 ,1 5 5
6 ,8 5 6
7 1 ,5 9 2
5 9 ,8 7 2
3 7 ,6 6 9
4 1 0 ,3 9 5
6 0 ,6 0 7
9 ,1 7 6
2 8 ,3 7 9
1 6 9 ,7 4 ^
8 8 ,5 5 0
5 4 ,0 0 0
3 1 ,8 3 0
5 1 ,6 2 4
1 4 3 ,5 2 1
4 4 3 ,7 6 6
6 9 ,8 5 8
2 1 5 ,7 0 3
3 9 2 ,0 0 0
9 9 ,0 1 2
1 5 ,7 2 5
1 6 ,6 2 4
5 3 ,9 3 5
1 0 ,8 1 8
4 2 ,2 0 0
2 4 ,7 0 0
3 1 ,0 0 0
1 0 0 ,6 0 0
1 1 8 ,5 4 6
1 8 ,4 7 9
3 6 ,5 0 2
1 9 ,8 2 5
4 2 ,0 5 1
2 5 5 ,8 4 1

$
5 6 6 ,8 6
1 4 5 ,8 2 7
3 4 .1 6 2
4 3 ,4 0 0
3 5 ,1 8 1
5 1 ,9 3 7
3 4 9 ,0 0 0
1 6 6 .m
8 6 .3 3 9
9 6 ,7 0 8
6 1 7 ,9 2 6
2 5 ,7 3 >
3 4 ,3 1 5
1 3 ,2 5 4
1 3 .0 9 4
1 7 ,9 7 1
2 6 2 ,7 1 3
3 5 ,3 5 2
6 ,1 9 1
1 0 ,9 7 2
2 ,1 7
1 5 4 ,5 0 0
2 1 ,0 2 9
4 0 .5 3 7
1 0 7 ,2 5 8
7 ,0 6 9
2 4 ,7 0 6
6 9 ,4 8 8
4 9 ,4 7 9
1 0 ,4 0 9
4 ,4 3 6
3 7 0 ,2 1 0
8 1 ,9 6 7
2 3 ,7 3 3
5 9 ,9 6 4
4 1 .3 7 1
6 ,3 9 1
4 ,3 3 9
8 1 ,8 5 1
1 7 .4 8 2
7 ,9 7 6
6 4 ,4 0 2
6 3 ,8 2 9
3 0 ,1 8 8
3 5 5 .2 3 0
5 6 ,9 9 1
8 ,9 5 0
2 2 ,4 7 0
1 3 2 ,8 6 7
8 4 ,4 0 7
6 5 ,6 4 3
2 9 ,7 0 1
5 4 ,0 9 1
1 3 1 ,7 4 8
4 3 1 ,4 0 2
5 2 ,0 1 4
1 7 2 .7 8 4
4 0 3 ,7 3 2
1 0 ,9 5 5
1 2 ,4 0 1
1 6 , '>35
4 0 ,8 6 4
1 0 ,5 4 6
3 9 ,> 0 0
2 5 ,5 0 0
2 6 ,2 3 0
7 5 ,8 0 0
1 0 7 ,4 2 4
1 9 ,1 7 1
2 7 ,2 8 9
2 2 .9 9 8
4 0 ,9 9 0
2 6 6 ,1 2 2
6 1 ,0 0 0
2 5 ,1 8 4

66,600
2 6 ,6 6 2

7 ,4 1

,4 0 2

........

* F o r w e e k e n d in g M a r c h 1 8 .

7 ,0 0 5 ,1 9 3

........

Increase.
$
6 1 .0 6 8
1 4 ,2 5 2
4 ,4 7 1
1 ,2 2 5
3 ,1 3 2
1 2 ,5 7 9
5 .0 0 0
2 9 ,7 0 1
4 ,1 2 9

1892.

Increase.
$
4 2 7 ,3 0 7

P r e v i o u s l y r e p ’d ( 7 8 r ’d s )
C h i c a g o A G r . T r u n k ............
D e t r o it G r . H . A M i l w . . .
* Iu t e r o c e a u ic (M e x .) ., . .
" M e x i c a n R a i l w a y ..................
S a n F r a n c is c o A N o . P a c .

$
7 , 0 5 3 .7 7 0
8 0 .5 4 3
2 1 ,4 3 2
3 8 ,6 3 0
6 8 .6 1 8
1 2 ,3 0 3

T o t a l ( 8 3 r o a d s ) .....................

7 ,5 9 5 ,5 0 7

7 ,3 0 5 ,3 5 l|

4 3 3 ,2 1 5

..................... 1

2 9 0 ,1 5 6

N e t i n c r e a s e ( 3 9 7 p .o .)

, L V I,

Decrease
$
1 2 1 ,2 2 7
1 1 ,0 6 9
423

" 5 ,9 0 3
7 ,9 7 5
2 ,3 6 5
1 4 3 ,0 5 9

* F o r w e e k e n d in g M a r c h 1 1 .

Net Earnings Monthly to Latest Dates.—The table fol­
lowing shows the net earnings reported this week. A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the C h r o n i c l e of March 18. The next will appear in the
issue of April 22.
----- Gross Earnings.------■
. ------- Net Earnings.------------1 8 9 2 -3 .
1 8 9 1 -2
1---------8 9 2 -3 .
1
8 9 1 ---2 .
$
$
$
$
A t . T . & S . F e S y s .b .F e b . 2 ,8 4 4 5 9 0
2 ,6 2 2 ,0 1 9
6 7 1 ,3 2 6
5 4 3 ,8 6 2
1 ,2 9 3 .3 0 8
1 ,0 5 3 ,6 0 2
J a n . 1 to F e b . 2 8 . . . . 5 .7 3 6 ,6 9 8
5 ,'4 2 ,6 1 4
J u l y 1 t o F e b . 2 S . . ..2 6 ,4 3 2 ,9 7 5 2 4 ,7 3 J , 4 4 0
8 , ^ 2 7 .7 1 0
7 ,5 7 6 ,3 8 3

Roads.

S t .L .& S a n F r .S v s - b F e b .
J a n . 1 to F e b . 2 8 . . .
J u l y 1 to F e b . 2 8 . . . .

6 5 8 .1 0 7
1 ,3 1 3 ,8 0 3
6 ,4 2 5 ,0 6 6

6 3 9 .2 4 9
1 ,2 3 8 .7 8 3
6 ,0 6 9 .6 2 0

1 7 9 ,2 3 3
3 4 5 ,2 2 9
2 ,3 5 5 ,9 2 9

1 9 0 .0 9 1
3 3 9 .8 1 6
2 ,3 3 0 ,5 7 4

C o lo r a d o M i d . b . . . . F e b .
J a n . 1 to F e b . 2 8 ....
J u l y 1 to F e b . 2 3 . . . .

1 3 6 ,1 8 4
2 9 5 ,5 7 9
1 ,4 2 7 ,1 6 7

1 6 3 ,1 0 1
3 2 2 ,4 4 5
1 ,3 8 6 ,7 7 8

5 ,5 4 4
2 3 .5 2 5
2 4 7 ,9 0 7

4 6 ,0 3 3
8 3 ,2 5 7
3 7 3 ,8 2 9

A g g re g a te T o t a l.b .F e b
3 ,6 3 8 ,8 8 L 3 ,4 2 4 ,3 6 9
8 5 6 ,1 5 3
7 7 9 ,9 8 6
J a n .' 1 t o F e b . 2 3 . . . . 7 ,3 6 6 ,0 7 9
6,8 > 3 .3 4 1 1 , 6 6 7 , 6 1 1 , 4 3 1 , 6 73
J u l y 1 to F e b . 2 8 .
3 4 , 2 3 5 ,2 0 8 3 2 , 1 8 8 , 8 3 8 1 0 . 9 3 l . 5 7 6 1 0 , 2 8 0 , 7 8 6

Our statement of earnings is again very favorable, and for
the third week of March shows a gain of 5*78 per cent as fol­
lows :
1893.

1893.
$
7 ,3 8 9 ,8 5 0
6 9 ,4 7 9
2 1 ,0 0 9
4 1 ,5 8 8
6 0 ,6 4 3
9 ,9 3 3

t h a t p a r t o f m ile a g e lo c a t e d i n S o u t h C a r o lin a o n w h o le J a c k s o n v ill e S o u t h e a s t e rn S y s t e m .
L e h ig h V a lle y a n d L e h ig h & W ilk e s b a r r e d e ­
in 1 8 9 3 . d In c lu d e s e a r n in g s fr o m f e r r ie s , e t c .,
1 M e x ic a n c u r r e n c y , e T o L C o l. A C m . in c lu d e d
J a n . 1 in b o th y e a r s

3d week o f March.

ol

For the second week of March our final statement covers 83
roads, and shows 3*97 per cent gain in the aggregate.

189 1 -2 .

$
T o l. A . A .& N .M . 3 d w k M a r
1 8 ,4 7 9
36 502
T o l.A O h io C e n t e 3 d w k M a r
1 9 ,8 2 5
T o l. P . & W e s t .. 3d w k M a r
4 2 ,0 5 1
T o l . S t . L . A K , C . 3 d w k M a r.
1 ,8 1 0
T o L & So H a v e n D e c e m b e r.
2 1 ,8 3 2
U ls t e r A D e l . . J a n a a r y ...
U n io n P a c if ic —
4 3 3 ,1 5 2
O r .S .L . A U . N . J a n u a r y ...
2 8 8 ,0 8 8
O r .R y . A N .C o . J a n u a r y .. .
4 8 5 ,1 4 4
U . P a c . D . A G . Ja n u a ry .
2 4 ,7 0 0
S t .J o .A G d .I s l. 3 d w k M a r
A l l o t h e r l i n e s . J a n u a r y . . . '1 , 7 1 5 , 3 4 2
T o t . U . P . S y s . J a n u a r y . . . [3 , ,0 > 7 ,6 9 3
' O e n t . B r . & L . L . IJ a n u a r y . . . | 1 0 4 ,1 4 3
T o t . c o n t ’ le d J a n u a r y . . . 13 ,1 4 1 . 8 3 7
3 6 ,7 4 4
M od ta n a U u .. J a n u a r y ...!
2 ,4 5 8
L e a v . T o p . A 8. J a n u a r y . . . I
3 ,5 6 8
M a n . A l.A B u r . 'J a n u a r y .. . •
4 2 ,7 7 0
J o in t ly o w n e d J a n u a r y ...
,1 6 3 ,2 2 2
G ra n d t o t a l.'J a n u a r y ...
1 1 ,5 7 8
V e rm o n t V a lle y F e b r u a r y
2 5 5 ,8 4 1
W a b a s h ........................3 d w k M a r
9 3 ,7 6 5
W e s t J e r s e y ............J a n u a r y . . .
8 2 ,8 6 1
W .V .C e n .& P it t s F e b r u a r y .
1 8 ,7 0 3
W e s t V a A P it t s , J a n u a r y . .
7 7 ,0 3 1
W e s t . M a r y la n d . F e b r u a r y .
6 6 ,6 0 0
W e st. N . Y . & P a 3d w k M ar
2 6 ,6 6 2
W h e e l. A L . E r i e 3 d w k M a r.
1 ,8 2 5
W i l . C h a d . & C o n . 1J a n u a r y . . .
5
5 ,6 2 0
W i l . C o l . & A u g IJ a n u a r y . .
4 ,9 0 0
W r i g h t s v . A T e n . !J a n u a r y . . .

(V

Decrease.
$

B . & O S o u t b w . b _____J a n .
J u l y 1 to J a n . 3 1 . . . .

2 3 .0 3 6
1 ,6 3 0 ,6 1 2

2 3 5 ,3 0 0
1 ,6 4 7 ,2 2 2

7 5 .7 4 5
6 0 9 ,8 7 4

9 1 ,0 0 2
6 5 8 ,1 1 6

C a n a d ia n P a c i f i c .a ..F e b ,
J a n . 1 to F e b . 2 8 . . . .

1 ,2 6 0 ,3 2 3
2 ,7 9 5 ,9 0 6

1 ,4 5 6 ,3 6 9
3 ,0 6 5 ,4 7 L

2 3 9 ,3 0 5
7 5 4 ,3 3 9

4 0 2 ,1 6 0
9 3 4 ,3 1 1

C e n t, o f N e w J e r s e y a F e b .
J a n . 1 to F e b . 2 8 . . . .

1 ,1 0 0 .6 5 5
2 ,1 6 4 ,4 3 7

1 ,1 3 8 ,3 3 4
2 ,1 1 2 ,6 3 8

2 ,3 9 0
4 ,4 8 1
1 ,2 6 7
2 2 ,0 8 5
2 ,3 4 9
151
5 ,2 5 6
805
2 ,7
1 ,6 *6 7
4 ,8 0 0
1 ,2 0 4

5 0 5 .7 1 5
8 5 4 ,2 6 8
1 7 5 ,4 7 7
3 2 9 ,7 5 9
1 ,9 .7 ,0 4 2

O h e s a D e a k e & O h io a .F e b .
J a n . l to F e b . 2 3 . . . .
J u l y 1 to F e b . 2 3 . . . .

7 6 6 ,8 2 2
1 ,5 0 4 ,7 7 3
7 ,6 3 2 .6 9 2

7 6 1 ,5 7 3
1 ,5 1 6 .1 3 3
7 ,5 8 9 ,2 1 9

C h ic . B u r l . & Q u in ..b F e b .
J a n . 1 to F e b . 2 8 . . . .

2 ,9 8 2 ,2 3 6
6 ,0 3 1 ,5 2 9

3 ,0 6 8 ,3 8 5
6 ,0 7 7 .1 8 4

9 3 8 ,8 1 3
1 ,7 8 5 , 6 7

1 ,0 8 2 ,8 8 6
2 , 0 2 2 ,4 7 5

2 2 8 ,6 6 9
4 9 6 ,4 8 1

1 2 8 ,9 2 2
2 9 2 ,4 6 3

1 5 7 ,3 0 0
3 5 6 ,6 5 2

C h ic . M .& S t . P a u l . . a F e b . 2 ,1 6 1 ,4 4 6
2 ,3 0 4 ,1 0 3
J a n . 1 to F e b . 2 8 . . . . 4 ,7 1 6 ,6 2 8
4 ,7 2 5 ,0 2 0
J u l y 1 to F e b . 2 3 . . . . 2 3 , 3 3 5 , 7 6 8 2 2 ,2 7 8 ,0 5 5

4 1 0 ,3 3 5
1 ,1 0 1 ,0 7 4
7 ,9 3 1 ,7 8 1

5 8 3 ,9 2 3
1 ,2 6 3 .4 4 5
8 ,3 2 2 ,3 4 5

C l e 7. C i n . C . & S t . L . a . F e b .
J a n . 1 t o F e b . 2 8 _____
J u l y 1 t o F e b . 2 8 _____

9 6 1 ,8 9 9
1 ,9 6 8 ,6 5 9
9 ,9 6 4 ,7 8 0

1 ,1 0 6 ,1 9 6
2 ,2 0 7 ,1 1 1
9 ,9 5 2 ,1 6 8

2 2 2 ,3 6 4
3 5 8 ,0 3 3
2 ,4 7 4 ,8 3 3

2 9 4 ,6 7 9
5 7 9 ,6 9 6
2 ,9 5 8 ,7 1 9

K a n .C . M e m . A B .a .F e b .
J a n . 1 t o F e b . *28_____
J u l y 1 t o F e b . 2 8 _____

1 0 1 ,9 5 5
2 1 2 ,5 6 6
8 3 1 ,2 3 1

1 0 6 ,2 8 2
2 0 5 ,7 6 9
8 5 5 ,2 9 9

2 6 .1 6 7
6 1 ,5 5 2
1 7 1 ,3 8 1

3 1 ,6 4 4
5 0 ,4 5 9
2 1 2 ,9 1 9

1 ,7 8 4 ,6 5 5
L o u i s v . A N a s h v .b . . F e b . 1 ,8 1 7 ,5 6 8
3 ,6 7 5 ,2 3 7
J a n . 1 to F e b . 28
3 ,3 6 6 .2 4 0
J u l y 1 t o F e b . 2 s . . . . 1 5 , 3 6 0 , L 6 6 1 4 ,4 2 7 ,4 1 3

7 - - 9 ,1 5 4
1 .3 9 8 ,7 7 5
5 .9 0 8 ,0 9 7

6 9 0 ,7 1 0
1 ,1 3 8 ,8 6 2
5 ,1 5 1 ,3 2 9

C h .J u n c .& U .S t k .Y d s .F e b .
J a n . 1 to F e b . 2 8 . . .
1 2 ,3 3 7
2 ,0 4 3

4 4 ,3 3 1
7 5 1 ,9 3 6
2 3 1 ,8 4 2
4 7 1 ,9 7 8
2 ,5 2 8 ,6 6 9

1 9 9 ,3 3 4
4 3 5 ,3 6 7

" 6 5 8 .7 6 7
6 3 9 ,6 4 1
N .Y .L .E .A W e s t e r n .c F e b . 2 ,1 0 0 ,4 3 2
2 ,2 7 8 .6 2 3
J a n . 1 to F e b . 2 8 . . . . 4 ,2 9 5 ,3 4 4
4 ,4 6 5 .1 9 3 * 1 ,1 8 5 ,4 0 1 * 1 ,1 1 3 ,0 0 4
O c t . 1 to F e b . 2 8 . . . . 1 2 , L 7 6 ,2 1 7 1 2 ,6 6 1 ,9 2 5 * 3 ,9 1 9 ,3 1 4 * 3 .8 2 5 ,4 2 3

80
1 ,8 1 6
158

N o r f o lk & W e s t e r n ..a F e b .
J a n . 1 to F e b . 2 6 . . . .

6&

7 6 5 ,4 1 8
1 ,4 4 9 ,1 6 5

P h ila , & R e a d i n g .. . F e b . 1 .6 3 1 .3 4 7
J a n . 1 t o F e b . 2 8 _____ 3 , 1 3 7 , 1 2 3
D e c . 1 t o F e b . 2 8 _____ 5 , 1 0 5 , 4 9 3

144

314
242

C o a l & I r o n C o .............F e b . 3,4 4 7 ,5 2 3
J a n . 1 to F e b . 2 8 . . 8 ,7 6 6 ,6 1 1
D e c . 1 to F e b . 2 8 .- 1 2 ,0 8 4 ,3 7 7

2 ,1 6 9
5 ,4 7 0
3 ,7 8 2

7 7 0 ,6 9 2
1 ,4 7 0 ,9 5 4
1 .7 3 8 ,7 7 4
3 ,5 1 5 ,9 8 9
5 ,3 9 7 ,5 1 1

1,120
3 ,9 5 7
7 ,4 8 1
3 ,6 1 3
226
5 ,9 0 9
3 6 ,8 8 2
4 ,0 6 3

2 5 7 ,6 3 9
4 7 1 ,8 2 1
1 ,4 8 8 ,0 5 9

7 2 7 ,4 4 6
1 ,4 7 9 ,4 1 7
2 ,4 5 9 ,4 2 5

1 ,2 9 2 ,4 5 4
2 , 9 0 2 , 6 8~~
9

1 2 6 ,6 5 0
7 1 6 ,1 2 3

1 5 0 ,0 5 3
5 5 0 ,9 8 5

R io G ra n d e W e st. b . . . F e h .
J a n . 1 t o F e b . 2 8 _____
J u l y 1 t o F e b . 2 8 _____

1 4 7 ,9 2 1
2 9 7 ,8 1 7
1 ,6 8 3 ,2 6 7

1 6 2 ,3 >2
3 4 5 ,6 3 8
1 ,7 9 1 ,6 7 3

3 8 ,4 1 8
7 4 ,2 1 2
6 0 0 ,5 6 7

4 5 ,5 0 1
9 9 ,6 8 3
6 8 9 ,5 4 5

W a b a s h . b .................................F e b .
J a n . 1 t o F e b . 2 3 _____
J u l y 1 to F e b 2 8 . . . .

1 ,0 1 9 ,3 4 6
1 ,0 8 7 ,8 5 0
2 ,0 3 3 .6 7 5
2 ,2 1 6 ,0 1 0
9 ,7 7 0 ,0 5 9 1 0 ,1 2 3 ,2 3 0

2 2 6 ,4 0 4
3 9 4 ,9 0 0
2 ,4 2 3 ,7 1 6

2 2 2 ,1 5 2
4 4 3 ,8 6 7
2 ,6 4 \ 4 9 1

L e h i g h V a l l e y ..............J a n . 1 , 2 8 3 , 0 1 5
D e o . 1 to J a n . 3 1 . . 3 ,0 4 3 ,5 7 0

7 ,1 9 0

2 0 5 ,1 8 3
3 7 2 ,2 5 9
7 6 2 ,8 0 6
1 ,5 0 5 ,5 1 6
2 ,4 1 3 ,2 0 1

1 , 7 7 8 , 0 2 8 d f . 1 6 6 ,5 2 4 d e f . 3 5 , 3 6 1
3 ,3 1 0 ,0 6 9 d f .2 7 5 ,1 0 2 d e f .2 5 ,1 0 0
5 , 0 9 4 , 4 9 2 d f . 1 7 5 ,7 9 9
4 6 ,2 2 4

3 ,5 6 6 ,8 0 2
T o t a l b o t h C o ’ s . . . . F e b . 5 ,0 7 3 ,8 7 5
J a n . 1 to F e b . 2 3 ..1 1 .9 0 3 ,7 6 9
6---------------,8 2 6 ,0 5 7
D e e . 1 to F e b . 2 8 .- 1 7 ,1 8 9 ,8 7 2 1 0 ,4 9 2 ,0 0 3

' i i ’ 256
875
492
963
5 ,0 4 5
2 ,6 7 3

1 6 8 ,3 7 3
2 5 4 ,3 0 5
4 2 4 ,1 6 2
7 4 8 ,9 2 2
1 ,6 6 3 ,8 5 7

a N e t e a r n in g s h e r e g iv e n a r e a f t e r d e d u c t in g t a x e s ,

b

2 ,4 6 7

N e t e a r n in g s h e r e g iv e n a r e b e fo r e d e d u c t in g t a x e s ,
c A f t e r d e d u c t in g t a x e s o n p r o p e r t y .
* A f t e r d e d u c t in g p r o p o r t io n d u e r o a d s o p e ra t e d o n a p e r c e n t a g e
b a s is , n e t i n F e b r u a r y , 1 8 9 3 , w a s $ 4 6 0 ,1 8 5 , a g a in s t $ 4 5 1 ,7 2 8 i n 1 8 9 2 ;
f o r t w o m o n t h s t o F e b r u a r y 2 8 , $ 8 0 3 ,5 0 2 , a g a i u s t $ 7 2 5 ,3 9 3 , a n d O c t o ­
b e r 1 t o F e b r u a r y 28, $ 2 , 8 2 0 , 2 1 8 , a g a i n s t $ 2 , 7 2 0 , 3 7 0 .

1 1 ,7 3 2
2 ,9 4 3

Interest Charges and Surplus.—The following roads, in
addition to their gross and net earning3 given in th i foregoing
also report charges for interest, &c., with the surplus or deficit
above or below those charges.

1 1 ,6 4 3
2 ,1 2 9
1 1 ,7 7 3
1 2 ,3 6 4
1 7 ,8 4 4
4 2 ,9 1 9

3 ,3 2 i
389
1 3 ,0 7 1
27 *
3 ,0 0 0

s-lnler’ t, rentals, <&c.—*r-Bal. of Net Earns.—* •
Roads.
A t o h . T . A S . F e ............ F e b .
J u l y i t o F e b . 2 8 -----

800

1 8 9 2 -3 .
$
85 \0 0 0
6 ,8 0 0 ,0 0 0

1 8 9 1 -2 .
1 8 9 3 -2 .
1 8 9 2 -2 .
$
$
$
8 5 0 ,0 0 0 t d f .1 0 3 ,6 7 4 t d f .2 3 L ,1 3 8
6,8 00,000 t 2 , 1 2 7 , 7 1 0 1 1 ,3 7 6 , 3 8 3

4 ,7 7 0

S t . L . & S . F ......................F e b .
J u l y 1 to F e b . 2 3 ..

2 7 5 ,0 0 0

2 7 5 ,0 0 0

d e f .9 5 ,7 1 7
1 5 5 ,9 2 9

d e f.8 4 ,9 0 9
1 3 0 ,5 7 4

1 1 ,1 3 2
692

C o lo r a d o M i d la n d .F e b .
J u l y 1 to F e b . 2 8 * .

6 9 ,0 0 0
5 5 2 ,0 0 0

6 7 ,0 0 0 d e f .6 3 ,4 5 3
5 3 6 ,0 0 0 d f .3 0 4 ,0 6 3

d e f . 2 0 ,9 6 7
d f .1 6 2 ,1 7 1

3 ,1 7 3

A g g re g a te to ta l t ..F e b .
J u l y 1 1 > F e b 2 8 ..

1 ,1 9 4 ,0 0 0
9 ,5 5 2 ,0 0 0

1 , 1 9 2 , 0 0 0 i d f . 2 6 2 , 9 4 7 if d f . 3 3 7 , 0 1 4
9 ,5 3 6 ,0 0 0 t l , 9 7 9 ,5 7 6 1 1 ,3 4 4 ,7 8 6

C h ic . B u r l . & Q u in c y F e b .
J a n . 1 t o F e b . 2 8 _____

8 3 0 ,0 0 0
1 ,6 6 0 ,0 0 0

8 1 5 ,0 7 5
1 ,6 3 0 ,1 5 0

1 0 8 ,3 1 3
1 2 5 ,7 6 7

2 6 7 ,8 1 1
3 9 2 .3 2 5

C l e v . C . C h . A 8t . L . . F e b .
2 1 7 ,3 7 8
J u l y 1 to F e b . 2 8 . . . . 1 ,7 6 2 ,4 4 9
* 3 8 ,2 4 6
| K a n C it y M e m . A B .F e b .
3 0 4 ,2 4 7
(
J u l y 1 t o F e b . 2 3 -----

2 2 2 ,5 2 6
1 ,3 1 4 ,2 6 6

4 ,9 3 6
7 1 2 ,3 3 4

7 2 ,1 5 3
1 ,1 1 4 ,4 5 4

2 1 , 8'lu
9 ,2 1 3
1 ,0 6 1
1 0 ,2 8 1
5 ,6 0 0
1 ,4 7 8
4 9 0 ,5 8 2
4 0 5 ,2 0 9

8 5 ,3 7 3

1

2 , 200,000 2, 200,0 JO

t I u c l u d in g m s c e lla n e o u s in c o m e .

3 6 ,5 3 4
2 9 0 ,5 1 2

d e f . 1 2 ,0 7 9
d e f.4 ,8 9 0
d f . 1 3 2 ,3 6 6 ; d f 7 7 ,6 2 3

A

p r il

THE CHRONICLE

1, 185)3. J

ANNUAL

537

company. It is well located, attractive in appearance am}
with every convenience for the transaction of business.
Earnings and income for four years, compiled for the
C h r o n i c l e , were as follows :

REPO RTS.

American Bell Telephone.
81, 1892.,)
F IS C A L RESU LTS.
1989.
1890.
1891.
1892.
The annual meeting of the American Bell Telephone Com­
ilo s o f r o a d o p e r a t e d ____ .
324
321
324
324
pany was held in Boston this w e e k . The f dlo wing directors M Da
nings $
$
$
$
were elected: Thomas B. Bailey, Francis Blake, Chas. P. P a s s e n g e r s ............................................ . 4 6 1 , 6 5 2
4 7 4 ,2 2 5
5 2 7 ,9 8 3
5 2 2 ,1 4 0
Bowditcb, George L. Bradley, Alexander Cochrane, Wm. D. F r e i g h t ....................................................... . 0 0 1 , 8 8 7
6 6 0 ,2 7 0
6 6 9 ,7 2 0
6 5 ,4 5 9
6 5 ,8 4 7
Forbes, Henry S. Howe, Chas. Eustis Hubbard, Gardiner G. M a i l , e x p r e s s , & c ........................ . 6 5 , 4 4 7
7 3 ,7 1 2
Hubbard, Johu E. Hudson, Chas. E. Perkins, Thomas Sanders.
T o t a l g r o s s e a r n in g * . .1 ,1 3 1 ,9 8 6
1 ,2 1 9 ,6 6 3
1 ,2 5 4 .1 0 0
1 ,2 6 5 ,5 7 2
It was unanimously voted to increase the stock from $17,- E x p e n s e s a n d t a x e s ............... . 8 0 6 , 9 2 4
8 2 6 ,8 6 6
8 7 8 ,6 5 3
9 2 4 ,0 7 0
500,000 to $20,000,000.
N
e
t
e
a
r
n
i
n
g
s
..........................
.
3
2
5
,
0
6
2
3
9
2
,
7
9
7
3
7
5
,
4
4
7
3 4 1 ,5 0 2
The thirteenth annual report of the directors for the year
6 7 -7 9
7 0 -0 6
7302
en ling Dec. 31 was submitted. The pamphlet report has not P e r c e n t o f e x p . t o e a r n s . . 7 1 - 2 8
IN C O M E A C C O U N T .
yet come to hand, but from the extracts in the Boston papers
1889.
1890.
1891.
1892.
it is learned that the number of instruments in the hands of
$
$
$
$
licensees under rental has increased as follows: Dec. 20, 1889, N e t e a r n i n g s ............... ....................... . 3 2 5 , 0 6 2
3 9 2 ,7 9 7
3 7 5 ,4 4 7
3 4 1 ,5 0 2
IHsb uvscmen Is—
33.850; Dec. 20, 1890, 38,929; Dec. 20, 1891,28,617; Dec. 20,
I n t e r e s t . ..................................................... . 3 3 1 , 7 7 4
3 1 8 ,6 3 3
2 2 5 ,2 3 4
3 1 6 ,5 8 7
1892, 40,313.
K e n t o f l e a s e d l i n e ..................... ................................
1 6 ,9 0 7
8 9 ,6 7 5
Not only has there been a large increase of subscribers, but
T o t a l d is b u r s e m e n t s . . 3 3 1 ,7 7 4
3 1 8 ,6 3 3
an increase of the average daily use by each subscriber of the
3 3 3 ,4 9 4
3 1 4 ,9 0 9
local exchange s-rvice. In 1892 this average of use was greater Balance...............................def.6,712 sur. 74,164 sur. 41,953 sur. 26,593
by 10 per cent than in 1891, being least in the small exchanges,
East Tennessee Virginia <fc Georgia Railway.
and following a fairly well graduated scale of increase to the
( F o r the yea r ending June 30, 1892. J
highest average, which is found in the large cities. The com­
T h e f o llo w in g f ig u r e s h a v e b e e n c o m p ile d f o r t h e C h r o n i c l e .
puted total number of exchange connections yearly through­
INCOME ACCOUNT.
out the United States has advanced from 312,605,000 in 1886
1390.
1891.
1892.
to 600,000.000 in 1892.
1 ,1 9 8
1 ,2 6 5
1 ,2 6 5
In the last report the intention was anounced of the Long M i l e s o p e r a t e d ....................................................
$
$
$
Distance Company filling the gap between Cleveland, O., and G r o s s e a r n i n g s ...........................
6 ,7 1 8 ,7 2 9
6 .0 9 6 ,2 5 6
Hammond, 111 , thus giving through service between Boston, O p e r a t i n g e x p e n s e s ............ ..................... 4 , 1 7 5 , 9 9 3
4 ,4 5 5 ,9 8 3
4 ,6 2 9 ,9 8 6
New York and Chicago. This has been done—that company
g s .....................
2 ,2 6 2 .7 4 1
1 ,4 6 6 ,2 7 0
having added to its construction during the year 494 miles of O t h Ne re itnec ao rmn ei n................................
........................
1 5 ,0 7 2
1 2 7 ,0 8 4
2 1 .0 ,6 5 9
pole line and 8,645 miles of wire.
The report soys: “ It is now possible from this room, or
T o t a l ......................................................................... 2 , 2 5 L , 1 5 7
2 ,3 8 9 ,8 2 5
1 ,6 7 6 .9 2 9
Deo net—
from any properly appointed station on this system, to talk
........................ 1 , 3 6 0 , 9 0 6
1 ,8 5 5 ,2 4 3
1 ,9 0 7 ,7 8 5
north and east to Augusta, north to Concord, N. H,, to II nn tt ee rr ee ss tt oo nn fbl oo an tdi ns g..................
d e b t ........................
6 ,2 2 1
3 5 .5 1 8
6 4 ,5 6 7
Buffalo, N. Y ., west to Chicago and south to Washington, and,
........................
5 5 0 ,0 0 0
5 5 0 ,0 0 0
1 6 2 ,8 4 5
T a x e s , e t e ............................................ ........................
2 2 7 ,5 3 1
o f course, to the principal cities intermediate.
2 2 0 ,5 0 8
“ In building these lines, in bringing the existing plants up
T o t a l ............................................... ........................ 2 , 0 7 9 , 9 7 2
2 ,6 6 8 ,2 9 2
2 ,1 9 2 ,8 6 0
to the level of our improved knowledge, and to adapt them B a l a n c e ................................................. ........................s u r . 1 7 1 , 1 8 5 d e f . 2 7 8 , 4 6 7
d e f .5 1 5 ,9 3 1
for use on such an extended scheme, and in yielding to the
Memphis & Charleston RR.
public demand in the more thickly-settled portions of the
( F o r the y e a r en d in g J u n e 30, 1892, J
larger cities that the wires should go underground, in these
various branches of work from 1885 to 1892, principally, how­
T h e s 'a t e m e n t f o llo w in g h a s b e e n c o m p ile d f o r t h e C h r o n ever, in the last five or six years of that period, there has been I C L E :
IN CO M E ACCOUNT.
expended, after ample allowance made for repairs and main­
tenance, no less a sum than $35,737,049.”
1890.
1891.
1892.
( F o r the y ea r ending Dec.

Th e

fo llo w in g

p en ses an d

is

a c o m p a r a t iv e s t a t e m e n t o f

e a r n in g s , e x ­

in c o m e f o r f o u r y e a r s , c o m p ile d f o r t h e C

h r o n ic l e

:

EARNINGS AND EXPENSES.

1889.
1890.
1891.
18f<2
Earnings—
$
$
*
$
Rental of telephones....... 2,657,362 2,913,369 3,127,783 3,303,753
Dividends.......................... 1,230.500 1,256,274 1,3:0,646 1,422,048
Ex Terr'l & branch lines.
82,557
89,473
91.281
1-'>1,306
Telegraph commission...
22,367
26,492
27,845
29,417
Interest.............................
43,964
77.44-1
145,160
1H8.830
Real estate and miscell..
7,954
12,235
23,292
75,533
Total........................... 4,044,704 4,375,291 4,736,007 5,100,887
Expenses............. .......... 1,385,966 1,505,873 1,600,187 1,689,211
Net earnings................ 2,658,738 2,869,418

3,126.820 3,411,676

INCOME ACCOUNT.

1889.

1890.

1891.

1892

Receipts—
$
$
$
$
Net earn’ngs...................... 2,658.738 2,869,418 3,120,820 3,411,676
Other receipts..................
3,150
....................................................

M i l e s o p e r a t e d ............................. .....................
G r o s s e a r n i n g s ........................... ........................
O p e r a t i n g e x p e n s e s ............ ..................

330
$
1 ,7 7 4 ,1 3 0
1 ,2 1 9 ,8 0 5

330
$
1 .7 4 0 ,5 6 3
1 ,2 3 7 ,5 1 4

330
$
1 ,5 2 3 ,0 3 8
1 ,1 7 2 ,4 2 4

N e t e a r n i n g s ..................... ........................
O t h e r i n c o m e ................................ ........................

5 5 4 ,3 2 5
1 3 ,6 2 2

5 > 3 ,0 4 9
3 6 ,0 7 9

3 5 0 ,6 1 4
8 ,7 1 6

T o t a l ................................................ ........................
D e d u c t—
I n t e r e s t o n d e b t ..................... ........................
T a x ^ s ........................................................
M i s c e l l a n e o u s .............................. ........................

5 6 7 ,9 4 7

5 3 9 ,1 2 8

3 5 9 ,3 3 0

3 8 9 ,6 3 2
4 9 ,1 9 6

3 8 7 ,7 6 7
4 7 ,0 9 7
8 ,1 0 1

3 7 9 ,6 6 0
5 1 ,8 0 8
8 ,4 5 0

4 4 2 ,9 6 5

4 3 9 ,9 1 8

B a l a n c e ............................................... ........................s u r . 1 2 9 , 1 1 9

s u r . 9 6 ,1 6 3

d e f 8 0 ,5 8 8

T o t a l ...............................................

Georgia Pacific.
( F o r the y e a r en d in g J une 30, 1892J

The statement below for three years has been compiled for
the C h r o n i c l e :
In 1890 there was charged in income account (and not in­
Total........................... 2,661,888 2,869,418 3,126,820 3,411,676 cluded here) $195,205 for permanent improvements and
D'i.af)!/ b .ctiw fb ) fjt__
Regular dividends.......... 1,238,913 1,463,913 1,725,000 1,927,227 $178,098 advances by R. & D. RR ; in 1891, $311,705 for per­
Extra dividends...............
600,000
750,000
900,000 991,863 manent improvements.
Depreciation reserve......

700,000

655,505

501,820

492,586

Total........................... 2,538,913 2,869,418 3,126,820 3,411,676
Surplus ............................
122,975
....................................................
LEDGER BALANCE DECEMBER 8 1 .

1990.
1891.
1892.
Debit__
$
$
$
Telephones....................
919,274
979,117 1,133,900
Real estate...........................................
744 333
933,131
950,977
Stocks..................................................... 32,740.580 33,180,409 34,120,796
Merchandise and machinery...............
9,932
8,885
14,441
Bills and accounts receivable............ 2,034,280 3,192,913 3,781,747
Cash and deposits.................................
187,935
655,823 2,365,419
Total.................................. ............36,636,336 38,950,278 42,367,280
Credit Capital stock......................................... 12,500,000 15,00">,000 17,500,000
Debenture bonds. 1888. ................... 2,000,000 2,000,000 2,000,000
Bills and accounts payable..................*1,334,636 t 8 18,909 11,334,516
Patent account (profit and loss;.......10,516,514 10,274,913 10,169,925
Profit and loss...................................... 5,645,131 5,688,567 5,684,105
Reserve.................................................. 2,489,012 2,986,877 3,527,723
Surplus................................................... 2,151,011 2,151,012 2,151,012
Total................................................36,636,336 38,950,278 42,367,280
* $375,000 is dividend payable Jan. 15, 1891.
i $450,000 is divideud payable Jan. 15, 1892.
1 $1,050,000 is dividend payable Jan. 16, 1893.

Detroit Lansing & Northern Railroad.
31,1892.J
The annual report of this company is almost entirely statis­
tical. Tne Fort Street union railway passenger station in
Detroit was opened January 22, 1893. for the joint use of the
•Canidian Pacific, Wabash, Flint & Pure Marquette aud this
( F o r the yea r ending Decem ber

INCOME ACCOUNT.
1890.
M i l e s o f r o a d .................................................. ...............

565
$
G r o s s e a r n i n g s ......................................... ...............1 , 7 6 2 , 9 3 8
O p e r a t i n g e x p e n s e s ............................. ...............1 , 5 4 7 , 4 3 1

N e t e a r o i u g s .......................................
De tuct—
I n t e r e s t o n b o n d s ................................. ...............
I n t e r e s t o n f l o a t i n g d e b t .............. ...............
T a x e s ....................................................................... ...............
O t h e r ........................................................................ ................
T o t a l ........................................................... ...............
D e f i c i t ..................................................................... ...............

1891.

1892.

591
$
1 ,3 7 9 ,2 0 1
1 ,3 * 8 ,5 5 7

585
$
1 ,4 9 1 ,8 3 8
1 ,1 7 2 ,3 5 2

d e f 9 ,3 5 6

3 1 9 ,4 8 6

5 7 0 ,5 9 3
2 7 ,2 6 1
5 2 ,1 3 6
7 8 ,5 3 4

4 5 6 ,3 4 4
8 9 ,5 5 3
4 4 ,1 2 2
4 4 ,7 0 5

5 0 3 ,3 3 3
1 4 9 ,6 5 5
5 2 ,6 8 5
4 9 ,3 5 1

7 2 3 ,5 2 4

6 3 4 ,7 2 4

7 5 8 ,0 2 4

5 1 3 ,0 1 7

6 4 4 ,0 8 0

4 3 8 ,5 3 8

G E N E R A L IN V E S T M E N T

NEW S.

Central o f Georgia.—The reorganization committee of the
Central Railroad & Banking Company of Georgia announce
that of $7,750,000 Savannah & Western bonds outstanding
holders of $3,272,000 have, up to date, consented to the plan
of reorganization. Application has been made to list on the
New York Stock Exchange the Mercantile Trust Company’s
certificates of the Savannah & Western bonds and the Central
of Georgia collateral trust bonds.
The committee, consisting of W . G. Raoul, T. B Gresham
and F. H. Miller, appointed by the stockholders of the South­
western Railway Company to c o d fer -with the reorganization
committee of the Georgia Central, have finished their report
and advise the shareholders to accept the reorganizatioa plan,,
and to deposit their shares with the Mercantile Trust Co., N Y.

538

THE CHRONICLE.

It is reported that the junior security holders of the Central
Railroad & Banking Company of Georgia will apply to the
courts of that State for a stay of the proceedings to foreclose
the mortgage securing the 7 per cent tripartite bonds, having
arranged with the Netv York Guaranty & Indemnity Com­
pany to purchase for their account the said tripartite bonds as
soon as the order of the Court staying foreclosure proceed­
ings has been obtained.
Central o f New Jersey.—Ex-Gov. Ludlow of N. J., who was
appointed by Chancellor McGill to take testimony to ascer­
tain whether the Central Railroad Company of New Jersey
was violating the Chancellor’s injunction restraining that
road from continuing its connection with the Reading coal
combine, has made his report. He states that he finds the in­
junction is being obeyed, both in letter and spirit, by the ac­
cused corporation. The report is exhaustive, and it con­
cludes with a full exoneration of the Central Road
from the charge of having continued in the combine
after the order of the Chancellor had been issued re­
restraining it therefrom. The report states the Central Road
has returned to the independent position which it formerly
occupied before the combine was formed, and ih a titis n o t
now a party to any combination between itself and the other
defendants.
Central & South American Telegraph.—In the report to
shareholders dated March 23, President Scrymser said that
the Treasurer’s estimate for the current quarter, ending March
31, provides for the quarterly dividend, payabls April 8th,
and adds over $80,000 to the surplus, now estimated at $354,772, after payment of the dividend April 8. There has been
expended from earnings $145,458 in perfecting and equipping
the Argentine extension line. The cost of this line was Dec.
81, 1892, as per balance sheet, $645,458. Tnis amount is par­
tially offset by the $500,000 increased capital represented in
the total capital of $6,500,000. This expenditure, viz., $145,458, together with $68,547 already charged to revenue, makes
a total of $214,005 of earnings invested in plant. A careful
estimate of the cost of the duplicate cable indicates that the
issue of convertible construction certificates, subsciibed for
at par, viz., $1,417,600, will yield a surplus of about $75,000.
“ The steamer Silvertown, with 2,622 miles of duplicate
cable, arrived at Callao March 20, and is now preparing to
lay the cable northward. It is expected that the whole cable
will be laid and in operation before May 15.”
*
*
*
‘ •As 75 per cent of your traffic is European, the managers
of the Western Union Telegraph Company and of the ten
duplexed Atlantic cables fully appreciate its importance.
Messages are transmitted daily between London and Galves­
ton inside of fifteen minutes, and the time of transmission
between Buenos Ayres and London is frequently within
forty-five minutes. The completion of your duplicate cable
will further reduce the time of transmission and more than
double your facilities for traffic.
“ It will be noted that the earnings of your company have
been well maintained, notwithstanding the universal com­
mercial depression and the large reductions made in the rates
of your company during the past year. Our collections be­
ing in gold or its equivalent, they will continue to be unaf­
fected by any currency depreciation at home or abroad.”
Cleveland Akron & Columbus.—The directors of the
Cleveland Akron & Columbus Railroad Company met at the
office ol J. A. Horsey, No. 19 William Street, New York, and
elected the following officers: George W . Saul, President; N.
Mcnsarrat, Vice-President and General Manager; George W.
Saul, M. W . Borse, N. Monsarrat, F. A. Barnaby and J. A.
Horsey, Executive Committee.
Cleveland Canton & Southern.—At the special meeting on
the 29th it was voted to increase the capital stock by the issue
of 91,000 shares of first-class preferred stock, to take the place
of that now outstanding and to pay off the company’s floating
debt.
Edison E lectric Illum inating Company.—A t a special
meeting of the stockholders of the Edison Electric Illuminat­
ing Company it was voted to increase the capital stock of
$6,500,000 to $10,000,000; $3,250,000 of the new stock will be
used to retire the general 5 per cent convertible gold bonds.
The remaining $250,000 will be used for general construction
purposes.
General Electric.—Judge Greene’s decision in the United
States Circuit Court for the Northern District of New Jersey,
in the “ feeder” case was handed down this week in favor of
the General Electric Company and against the Westiughouse.
This is regarded as an important decision, as the invention is
now employed universally by the General Electric Company,
as well as by competitois.
Kings County Elevated.—At a meeting of the directors of
this company, the plan submitted by the finance committee,
consisting of Messrs. August Belmont, Ja-~. O. Sheldon and
W m. A. Read, was unanimously approved. The plan is for
the financial relief of the company. Its main features pro­
vide for the exchange of one-third of the existing second
mortgage bonds into 6 per cent non-cumulative income bonds,
to get full interest, as earned, up to 6 per cent, before the
stock gets anything, and to put in trust two year’s coupons
from the unexchanged bonds. Consent of all but about
$700,600 out of $3,770,000 bonds is said to be assured.
■K e w a L e t t e r says: “ Shortly after the issue of
the Kings County Elevated seconds, the holders, realizing that

[VOL. LV I.

"or a considerable time to come no interest could possibly be
paid by the company on those securities, united in re­
moving coupons for three years and funding the same,
in tire belief that at the expiration of that period
the earnings of the road would be sufficient to
pay the April, 1893, coupons and those subsequently matur­
ing. Before the expiration c f the three years it became obvi­
ous, however, that the development o f the traffic of the com­
pany had not reached a point where the coupons maturing
April 1, 1893, could be met, and that a further adjustment in
respect thereof would be necessary. An additional important
feature of the new plan is the removal of the company’s float­
ing debt by the sale for cash of a portion of the surrendered
second mortgage bonds. The coupons funded under the orig­
inal plan are now represented by the so-called “ Baby ” bonds.
Interest on these bonds will be paid.” * * “ It is also proposed
to consolidate the Fulton and Kings County companies, bring­
ing the property of the Fulton under the Kings County Ele­
vated second mortgage.”
Macon & Northern.—At Macon, Ga., March 24, N. E. Har­
ris was made independent receiver of this road. The appoint­
ment was the result of a bill filed in the United States Court
by the Baltimore bondholders, asking that the road be placed
in hands other than those of Receiver Comer, because of the
Central Georgia’s default in the payment of interest on the
bonds of the Macon & Northern.
Minneapolis & St Louis.—The Stockholders’ Committee of
the Minneapolis & St. Louis Railway Company announce that
the suit to foreclose the improvement and equipment mort­
gage is to be heard on April 10; a suit to foreclose the consol­
idated mortgage will be begun in a few days, and other litiga­
tion is pending. It is necessary for stockholders to deposit
their securities at once with the Central Trust Company if they
wish to participate in the benefits of the reorganization, in­
cidental to which these suits are being prosecuted. A majority
of both classes of the stock has already been deposited with
the Central Trust Company, thus assirring the success of the
reorganization.
New York & New England.—At Boston, March 29, a meet­
ing of the New York & New England directors was held.
A report says that the directors agreed to advance the road
$350,000 as a working capital, to take the place o f the money
lately used to pay certain floating obligations.
Northern Pacific.—Announcement was made recently by
Henry Clews, chairman of the committee of stockholders of
the Northern Pacific Railroad, that a proposition had been
submitted to the management of the Northern Pacific for a
comprehensive refunding of the floating debt. The plan in­
volves the issue of $12,000,000 collateral trust notes, to run for
five years at 6 per cent interest, to take up the present floaliug
obligations of the company, about $9,000,000, and the differ­
ence between to be expended in future improvements as
needed. Mr. Clews said that the syndicate underwriting the
notes would insist upon an important change in the board of
directors in order to protect the new creditors.
President Thomas F. Oakes said: “ W eare going to fund the
floating debt hut in exactly what manner we have not yet
determined. "We have for some time been considering a plan
to issue for that purpose collateral trust notes. Tne debt
matures at dates varying from September 1 to December 31,
so that there is no necessity for haste. The matter may be
decided at the next meeting of the board o f directors on.
April 20.
Norfolk & Western.—At a meeting of the Norfolk & West­
ern board of directors in Philadelphia the following preamble
and resolution were adopted:
Whereas, T h e n e t i n c o m e f o r t h e y e a r e n d i n g D e c . 3 1 , 1 8 9 2 , a f t e r
p r o v id in g f o r a l l f ix e d c h a r g e s , s h o w s a s u r p lu s a p p lic a b le to d iv i­
d e n d s o f $ 7 2 6 ,3 1 3 , o r . a f t e r d e d u c t in g t h e d iv id e n d o f 1 p e r c e n t p a id
i n O c t o b e r f o r t b e s i x m o n t h s e n d in g J u n e 3 0 ,1 8 9 2 , t h e r e r e m a in e d
a b a la n c e o f $ 2 9 6 ,3 1 3 ;
Therefore, resolved. T h a t t h e u s u a l s e m i - a n n u a l d i v i d e n d b e n o t
d e c la r e d a n d t h a t t h e n e t e a r n in g s h e a p p lie d t o liq u id a t in g c u r r e n t
o b lig a t io n s , i n c lu d in g t h o s e i n c u r r e d i n t h e c o n s t r u c t io n o f t h e O h io
e x t e n s i o n , n o w c o m p le t e d .

The last dividend was 1 per cent scrip, convertible into 5
per cent debentures, which was paid In October, 1892, while
in April, 1892. a cash dividend of
per cent was paid. The
action of the directors seems to be wise, and it will meet with
the approval of conservative holders of Norfolk & "Western
securities. It is far more courageous to pass a dividend than
to borrow the money to pay it.
Ohio River.—In advance of the annual report we have the
following comparative figures for the two years ending De­
cember 31 :
1891.
G r o s s e a r n i n g s ...................................................................... .......................... $ 7 0 6 , 9 6 7
O p e r a t i n g e x p e n s e s a n d t a x e s .........................
N e t e a r n i n g s ................................................................... .

1892.
$ 7 9 5 ,1 3 5
4 7 8 ,7 3 3
$ 3 1 6 ,4 . 0 2

I n t e r e s t ................................................................................................ .......................... $ 2 2 2 , 8 3 9
R e n t a l s , & e .................................................................................. ..........................
2 3 ,0 1 9

$ 2 2 8 ,7 0 5
1 5 ,0 7 0

T o t a l ............................................................................................. ...........................$ 2 4 5 , 8 8 8

$ 2 4 3 ,7 7 5

S u r p l u s ................................................................................................

$ 7 2 ,6 2 7

Pennsylvania R ailroad.—The new directors of the Penn­
sylvania Railroad organized on the 29th and re-elected the
following officers: President, George B. Roberts; First VicePresident, Frank Thomson; Second Vice-President, John P.
Green; Third Vice President. Charles F. Pugh; Secretary, John
C. Sims; Treasurer, Robert W . Smith.

THE CHRONICLE.

A pr il 1, 1883.]

Philadelphia & Reading.—In Philadelphia, March 29, the
holders of Reading Railroad securities were represented at
the office of George L. Crawford, the Master, in anticipation
of a hearing on the petition of the receivers to issue certifi­
cates to the amount of §5,500,090. Nothing, however, was
done, for Thomas Hart, Jr., of counsel for the receivers, an­
nounced that the latter were not ready to proceed, as they
desired to amend the petition recently filed in court. What
the nature of the amendment will be or when it will be pre­
sented in court was not divulged, and the gathering dispersed
subject to the call of the master. Among those present were
Charles C. Beaman and John R. Dos Passos, counsel for the
New York committees of general mortgage and income mort­
gage bondholders, and James Speyer, of Speyer & Co., the
New York bankers.
—The receivers of the Reading Railroad have notified Treas­
urer Church to pay the interest falling due on the bonds of the
company on April 1 and the Lehigh Valley dividend due on
April 15. These payments amount to over $1,000,000.
—The statement of earnings for February and the first three
months o f the fiscal year shows the following :
Dec. 1 to Mch. 1 . — ,
13 9 1 -3 2.
1 8 9 2 -9 3.
$
$
5 ,1 0 5 ,4 9 5
5 ,3 9 7 ,5 1 1
2 ,9 3 4 ,3 1 0
3 ,4 4 1 ,6 3 3

/------------- February.-----------

1892.
G r o s s r e c e i p t s ........................... 1 , 7 8 8 , 7 7 4
G r o s s e x p e n s e s ........................ 1 , 0 2 5 , 9 6 8

1893.
$
1 ,6 3 1 ,3 4 7
1 ,2 0 7 ,1 8 5

N e t e a r n i n g s .....................
O t h e r n e t r e c e i p t s ...............

7 6 2 ,8 0 6
3 5 ,9 9 7

4 2 4 ,1 6 2
1 8 ,0 5 6

T o t a l .....................................

7 9 8 ,8 0 3

R ailroad Co m pa n y .

*

/—

2 ,1 1 3 ,2 0 1
1 4 7 ,4 6 4

1 ,6 6 3 .8 5 7
1 0 9 ,1 4 4

2 ,5 6 0 ,6 6 5

1 ,7 7 3 ,0 0 1

3 ,2 1 3
6 5 0 ,0 0 0

6 3 ,7 2 3
1 ,8 7 7 ,5 2 2

6 4 .3 6 7
1 ,9 5 0 ,0 0 0

6 3 5 ,3 8 2
6 5 3 ,2 1 3
T o t a l ....................................
1 6 3 ,4 2 1 d e f .2 1 0 ,9 9 5
S u r p l u s ........................................
C o a l & I ron Co .*
3 ,4 4 7 ,5 8
G r o s s r e c e i p t s ...................... 1 , 7 7 8 , 0 2 8
3 ,5 5 1 ,6 5 6
O p e r a t i n g e x p e n s e s _____ 1 , 7 3 5 , 4 5 9

1 ,9 4 1 ,2 4 5

2 ,0 1 4 ,3 6 7

Deduct—

P e r m a n e n t im p r o v e m ’ t s
P r o p o r t ’n y e a r ’s c h a r g e s

9 ,5 4 1
6 2 5 ,8 4 1

4 1 2 ,2 1 8

6 1 9 ,4 2 0 d e f .2 4 1 ,3 6 6
5 ,0 9 4 ,4 9 2
4 ,8 0 6 ,3 9 7

1 2 ,0 3 4 ,3 7 7
1 ',0 5 2 ,7 4 9

4 2 ,5 6 9 d e f .l 0 4 ,1 2 S

2 8 8 ,0 9 5

3 1 ,6 2 8

C o llie r y im p r o v e m e n t s .
P e r m a n e n t i m p r o v e m ’ ts
P r o p o r t ’ n y e a r ’ s c l i ’r g e s

7 0 ,2 2 5
7 ,7 0 6
6 5 ,5 0 0

5 3 ,9 2 8
3 ,1 6 9
6 3 ,0 0 0

2 1 1 ,5 0 3
3 0 ,3 6 8
1 9 6 ,5 0 0

1 8 9 ,5 1 5
1 7 ,9 1 1
2 0 4 ,0 0 0

T o t a l .....................................
D e f i c i t ..........................................
P . & R . A N D C. & I. Co.
D e f i c i t o f C. & I. Co ...
£ o r p i n s o f R a i l r o a d C o ..

1 4 3 ,4 3 1
1 0 0 ,8 6 2

1 3 0 ,5 9 7
2 3 4 ,5 2 5

4 3 * ,3 7 1
1 5 0 ,2 7 6

4 1 1 ,4 2 6
3 7 9 ,7 9 3

N e t e a r n i n g s ..................

Deduct—

1 0 0 ,8 6 2
2 3 4 ,5 2 5
1 6 3 ,4 2 1 d e l .- 2 U > ,9 9 5

B a l . b o t h c o m p ’ s _____s u r . 6 2 , 5 5 9

d f .4 4 5 ,5 2 0

1 5 0 ,2 7 6
3 7 9 ,7 9 8
6 1 9 ,4 2 0 d e f .2 4 1 ,3 6 6
s u r .4 6 9 ,1 4 4 d t - f .6 2 1 ,1 6 4

* N ote .—T h e b u s i n e s s o f t h e L e h i g h V a l l e y a n d
b a r r e d e p a r t m e n t s i s in c lu d e d in t h e y e a r 1 8 9 J .

L e h ig h & W ilk e s -

— The result of the operation of the Lehigh Yalley RR. for
the month of January and two months ending Jan. 31, 1893,
is as follow s:

,-------------January.----- -------.
1892.
1893.
R e o e i p t s ..................$ 1 , 2 9 2 , 4 5 4
$ 1 ,2 8 3 , 0 1 5
E x p e n s e s ............... 1 , 1 4 2 , 4 0 1
1 ,1 5 6 ,3 6 5
E a r n i n g s .............

$ 1 5 0 ,0 5 3

$ 1 2 6 ,6 5 0

r-Two mos. end. Jan.
1892.
$ 2 ,9 0 2 ,6 8 9
2 ,3 5 1 ,7 0 4
$ 5 5 0 ,9 8 5

3 1 . —,
1893.
$ 3 ,0 4 3 ,5 7 0
2 ,3 2 7 ,4 4 7
$ 7 1 6 ,1 2 3

Richmond & Danville. — At Atlanta, Ga., March 28,
United States Judge Newman filed an opinion confirming the
action of the United States Court for the Eastern District of
Virginia, allowing the receivers, Messrs. Huidekoper and
Foster, of the Richmond & Danville Railroad, to issue re­
ceivers’ certificates to the amount of $100,000.
San Antonio & Aransas Pass.—It is expected that the
new 4 per cent 50-year gold bonds will be issued in the course
of a month or six weeks.
T h e m o r t g a g e a u t h o r i z e s a n i s s u o o f ...................................................................... $ 2 1 , 6 0 0 , 0 0 0
R e s e r v e d l o r f u t u r e e x t e n s i o n s l i m i t e d t o 1 0 0 m i l e s ....................
2 ,7 0 0 ,0 0 0
T o t a l t h a t m a y b e i s s u e d o n e x i s t i n g 7 0 0 m i l e s ...........................$ 1 8 , 9 0 0 , 0 0 0
O f t h i s a m o u n t t h e r e is r e s e r v e d f o r im p r o v e m e n t s , b e t t e r ­
m e n t s a n d e q u i p m e n t .....................................................................
1 ,8 0 0 ,0 0 0
L e a v i n g a s a v a ila b le f o r t h e p u r p o s e s o f t h e r e o r g a n iz a t io n .$ 1 7 ,1 0 0 ,0 0 0

The distribution of new bonds under the plan was as fol­
lows :
T o t b o h o l d e r s o f $ 6 , 2 2 3 , 0 0 0 o ld f i r s t 6 s a t 1 0 4 ....................................... $ 6 , 4 7 1 , 9 2 0
T o t h e h o l d e r s o f $ 1 , 7 2 5 , 0 0 0 o l d f i r s t 5 s a t 8 9 ............................................. 1 , 5 3 5 , 2 5 0
T o t h e h o l d e r s o f $ 4 , 0 0 0 , 0 0 0 o l d s e c o n d s a t 2 5 ....................................... 1 , 000,000
( $ 9 2 7 ,6 0 0 o ld s e c o n d s to b e a c q u ir e d f o r c a n c e l l a t i o n
t h r o u g h s e t t le m e n t w it h flo a t in g d e b t c r e d it o r s ) .
T o t h e h o l d e r s o f $ 5 , 0 0 0 , 0 0 0 c a p i t a l s t o c k a t 1 5 ....................................
7 5 0 ,0 0 0
T o t h e h o l d e r s o f i n t e r i m c e r t i f i c a t e s .........................................................................
8 3 7 ,0 0 0
T o b e u se d o n a c c o u n t o f liq u id a t io n o f flo a t in g d e b t a n d
e q u i t i e s ..............................................................................................................................................................
5 8 0 ,0 0 0
T o b e s o l d t o m e e t c a s h r e q u i r e m e n t s .................................................................... 5 , 9 2 5 , 8 3 0
T o t a l ............................................................................................................................................................. $ 1 7 , 1 0 0 , 0 0 0

The bonds to be sold to meet the cash requirements have
been placed by the committee during the week with a bank­
ers’ syndicate, the managers of which are Messrs. Hallgarten
& Co., J. Kennedy Tod & Co., Heidelbach, Ickelheimer &
Co. and Speyer & Co. Other subscribers to the syndicate
are : Joseph Wharton, E. P. Wilbur, Kuhn, Loeb & Co.,
Maitland, Phelps & Co., S. M. SwensoD & Sons, ©. P. Hunt­
ington, John S. Kennedy, .Winslow, Lanier & Co., Brown
Bros. & Co., Verrailye & Co., Poor & Greenough, Kessler &
Co., L. Yon Hoffman & Co., August Belmont & Co., Blake
Bros. & Co. and Spencer Trask & Co. The mortgage (an
abstract of which is published on subsequent pages) is a first
lien on all the railroad and property of the San Antonio &
Aransas Pass Railway Company, and the bonds are guaran­
teed as to the payment of both principal and interest by the
Southern Pacific Company.

539

South Carolina R ailw ay.—At Charleston, S. C., March 29,
an argument was made in the United States Court on motion
to postpone the sale of the South Carolina Railway. Counsel
opposed to the motion read a paper signed by the Mayor and
Council o f Charleston and by tne Chamber of Commerce, argu­
ing that it would be greatly to the interest of that city if the
road was sold on the date named in the original order, April
11. The court reserved its decision.
Tennessee Coal & Iron Co.—Mr. John H. Inman has
bought 25,000 shares of Tennessee Coal & Iron stock from H.
De Bardeleben, who agrees not to sell the rest of the stock
held by him, amounting to 40,000jshares, for sixty days. The
price paid-for the stock was about 25. At the annual meet­
ing of the company, to be held on April 4, Nathaniel Baxter,
of Nashville, will probably be elected President and Mr. De
Bardeleben Vice-President and General Manager.
Type-writer Combination.—At Trenton, N, J., March 29,
a type-writer company, with a capital of $20,000,000, was
formed, and articles of incorporation were filed in the office
of the Secretary of State. The incorporators are John F.
Keho, of Newark; Cnarles A. Winter and J. Warren Betts, of
New York, and Elward H. Coffin, of Brooklyn. The princi­
pal places of business will be at Ihon, N. Y .; Syracuse, N. Y .;
Bridgeport, Conn.; Hartford, Conn., and Springfield, Mass.
The capital stock is divided into $4,000,000 of first preferred
stock, $6,000,000 of second preferred stock and $10,000,000 of
common stock. This company, it is understood, will take
over the business of the Remington, Caligraph, Yost, Ham­
mond and Smith-Premier Machines.
United States Rubber Co.—The Boston J o u r n a l reports that
the combination has put up the prices of rubber goods from
20 to 30 per cent, and has cut off the big retailers from their
old privileges of buying at factory prices.
“ The new corporation is called the United States Rubber
Company, and is incorporated under the laws of New Jersey.
Its authorized capital stock is $50,000,000, of which only
$30,000,000 has yet been issued, one-haif preferred and onehalf common. The company’s representatives claim that the
preferred stock of $15,000,000, which was issued for the real
estate, machinery, stock on hand, book accounts, cash on
hand, &c., of the old companies, is actually less than the ap­
praised value of the property. The preferred is to pay 8 per
cent interest, non-cumulative. The common stock, also amount­
ing to $15,000,000, is issued for the trade-marks, good will,
etc., of the old companies. The principal companies that
have been merged in the United States Rubber Company are
L. Candee & Co. of New Haven, the Goodyear Metallic
Rubber Shoe Company of Norwich, Conn., American Rubber
Company of Cambridge, the Boston Rubber Company, the
National India Rubber Company of Bristol, R. I., and three
New Jersey companies of comparatively small size and im ­
portance. It is also understood that the majority o f the stock
of the Goodyear Glove Manufacturing Company has been
purchased by the big company, but whether this be correct or
not no one doubts that the Goodyear will act in unison with
the combination.
“ The principal rubber companies that are still under a sep­
arate management are the Boston Rubber Shoe Company,
whose big factories are at Malden, and the Woonsocket Rub­
ber Company, the former concern having a capital and sur­
plus of $5,000,000, and the latter a capital of $1,250,000, or
thereabouts. Between these companies and the United States
Rubber Company an arrangement for harmony in the trade
has been formed which outsiders are inclined to call an offen­
sive and defensive alliance.”
—Messrs. John H. Davis & Co. advertise that they have
been authorized to receive subscriptions at par for $800,000 of
the 20-year 7 per cent first mortgage gold bonds of the Min­
neapolis Brewing Co., organized under the laws of the State
of Minnesota to purchase the property and business o f the
Minneapolis Brewing & Malting Co., which was formed in
July, 1B90, as a consolidation of the four principal brewing
concerns of the city of Minneapolis, embracing all there were
in the city, one small plant excepted. The capital stock o f
the new company consists of $1,509,000 in common shares of
$100 each; also $1,500,000 first mortgage bonds, of which
$800,000 are now offered at par. The balance of $700,000 of
these bonds has already been taken, as well as the entire
stock of the company, and the proceeds of the bonds now of­
fered for sale will be applied to completing the purchase of
the property from the former company. The books and ac­
counts have been examined by public accountants and
show
that the net assets of
the
company are
largely in excess of the total bonded debt. The
surplus net earniDgs of the company after payment of ex­
penses, improvements and interest upon the bonds, will be
applied to the retirement of the bonds at a price not ex­
ceeding 110 and interest, until one-half of the entire issue, or
$750,000, shall thus be retired, and then the amount of $25,000
per year out of the surplus net earnings shall be similarly ap­
plied to the retirement of bonds at not exceeding 110 auc,
interest. The subscription list will be opened on Monday,
April 3, and closed on or before Thursday, April 6, at 3 P. M.
—The National Bank of Deposit wifi remove on April 3d
to the Western Union Telegraph Company’s building, 195
Broadway, corner Dey Street. This bank, although among
those more recently established, has made rapid progress, a3
will be seen by reference to its statement published in the
C h r o n i c l e March 18. The officers are well-known business m e n .

640

THE

C H R O N IC L E .

[V ol . LV1,

to it paid and for the purpose of securing the payment of such
bonds, with the interest to accrue thereon, hath granted and
doth grant unto the said trustee and its successors and assigns
forever :
SAN A N T O N IO & A R A N SAS PASS R ’Y CO.
All and singular its railways as now or hereafter con­
structed, until such railways, including the main line and
ABSTRACT OF THE FIRST MORTGAGE DATED DE- branches, shall reach a total mileage of 800 miles, including
s CEMBER 20, 1892, SECURING 4 PER CENT GUAR­ the following constructed lines of railway in the State of
ANTEED GOLD BONDS, DUE JANUARY 1, 1943.
Texas:

R eports aucl IJocnnm its.

Constructed, lines—extending from

P A R T IE S .
T

h e

S

C

A

a n

of Texas,
o m p a n y

o f

&

n t o n io

p a rty o f
N

e w

th e
Y

A

o r k

P

r a n s a s

firs t

p a rt,

R

a s s

and

a il w

th e

of

, tru s te e , p a rty

C

C

a y

o m p a n y

e n t r a l

T

,

r u s t

th e se co n d p a rt.

P R EA M B LE.

( T h e a b o v e a g g r e g a t i n g a b o u t 7 0 0 m il e s o f r o a d i n o p e r a t io n .)

the railway company, for the purpose of pay­
ing certain indebtedness incurred and to be incurred for
constructing, improving and operating its railways, and
in accordance with resolutions duly adopted by its Board of
Directors and by its stockholders^ at meetings duly and
regularly called and held, has determined to issue its first
mortgage bonds at a rate not exceeding $27,000 per mile of
constructed road, and to an aggregate amount not exceeding
$21 ,600,000, and in substantially the form following, that is
to eay :
W

h e r e a s

,

[F O R M O F B O N D .]
T H E

SAN

A N T O N IO

&

A RA N SA S

PA SS

R A IL W A Y

CO M PA N Y.

N o .—

$ 1 ,0 0 0
F

ir s t

M

ortgage

F

our

P

er

Due January

K e r r v i l l e in K e r r C o m it y to C o rp u s C h r is t ! iu N u e c e s C o u n t y .
G r e g o r y in S a n P a t r ic io C o u n t y , to a n d b e y o n d R o o k p o r t in A r a n s a s
C o u n ty .
S k id m o r e in B e e C o u n t y t o A lio o i n N u e c e s C o u n t y .
K e n e d y in K a r n e s C o u n t y to H o u s t o n in H a r r i s C o u n t y .
V o a k u m in D e W it t C o u n t y to W a c o in M c L e n n a n C o u n t y .
A u s t in J u n c t io n in L a v a c a C o u n t y to L o c k h a r t in C a ld w e ll C o u n t y .

Cent

G

old

B

ond

.

1, 1943.

T h e S a n A n t o n io & A r a n s a s P a s s R a i l w a y C o m p a n y , f o r v a lu e re c e iv e d , p r o m is e s to p a y to t h e C e n t r a l T r u s t C o m p a n y o f N e w Y o r k ,
o r b e a r e r , o r , i f r e g is t e r e d , to th e r e g is t e r e d h o ld e r h e r e o f , t h e s u m o f
$ 1 ,0 0 0 i n g o ld c o in o f t h e U n i t e d S t a t e s o f A m e r ic a , in t h e c i t y
o f N e w Y o r k , o n t h e f ir s t d a y o f J a n u a r y , o n e th o u s a n d n in e h u n d re d
a n d fo r t y - t h r e e a n d to p a y in t e r e s t o n s u c h p r in c ip a l s u m s e m i a n n u ­
a lly , a t th e r a t e o f fo u r p e r c e n t i e r a n n u m fro m th e fir s t d a y o f J a n ­
u a r y , 1 8 9 3 , u n t i l s u c h p r i n c i p a l s u m s h a l l b e p a id , s u c h i n t e r e s t b e in g
p a y a b le o n t h e f i r s t d a y o f J a n . a n d J u l y in e a c h y e a r , in l i k e g o lu
c o in , in t h e C it y o f N e w Y o r k , o n p r e s e n t a t io n a n d s u r r e n d e r o f th e
a n n e x e d in t e r e s t w a r r a n t s a s t h e y s e v e r a lly s h a ll b e c o m e d u e , to th e
p e r s o n p r e s e n t in g t h e s a m e , o r , w h e n t h i s b o n d is r e g is t e r e d a u d ih e
in t e r e s t w a r r a n t s a p p e r t a in in g t h e r e t o c a n c e le d , to t h e r e g is t e r e d
h o ld e r h e r e o f o n d e m a n d .
T h i s i s o n e o f a s e r ie s o f o o n d s o f s a id R a i l w a y C o m p a n y lim it e d to
tw e n t y - o n e m illio n s i x h u n d re d th o u s a n d d o lla r s o f p r in c ip a l a n d is
s e c u re d b y in d e n t u r e o f m o rtg a g e o r d e e d o f t r u s t to t h e C e n t r a l T r u s t
C o m p a n y o f N e w Y o r k a s T ru s te e , d a te d D e c e m b e r 2 0 th , 1 8 9 2 .
T h is b o n d m a y a t a o y t im e u p o n p r o d u c t io n t h e r e o f to t h e s a id R a i l ­
w a y C o m p a n y a n d p r o p e r e n d o r s e m e n t b e in g m a d e t h e r e o n , a n d c i t h e r
w it h o r w it h o u t s u r r e n d e r to s a id R a ilw a y C o m p a n y f o r c a n c e lla t io i o f
a l l u n p a id in t e r e s t w a r r a n t s a p p e r t a in in g t h e r e t o , b e r e g is t e r e d u p o n
t h e b o o k s o f t h e C o m p a n y i n t h e n a m e o f t h e h o ld e r t h e r e o f , a n d
th e r e u p o n it s t r a n s f e r a b ilit y b y d e liv e r y s h a ll c e a s e , a n d t h e r e a ft e r i t
c a n b e t r a n s f e r r e d o n ly b y t h e r e g is t e r e d h o ld e r o r h is a t t o r n e y h y
t r a n s f e r d u l y m a d e u p o n s a id b o o k s , u n le s s ih e la s t r e g is t r a t io n s h a ll
h a v e b e e n m a d e to b e a r e r , a n d t h i s b o n d s h a ll b e s u b je c t to s u c c e s s iv e
r e g is t r a t io n s a n d t r a n s f e r s to b e a r e r a t t h e o p t io n o f t h e h o ld e r .
A f t e r s i x m o n t h s ’ d e f a u lt in t h e p a y m e n t o f a n y s e m i- a n n u a l i n s t a l ­
m e n t o f in t e r e s t h e re o n , t h e p r in c ip a l o f a ll t h e b o n d s s e c u re d b y s a id
m o rtg a g e o r d e e d o f t r u s t m a y b e m a d e im m e d ia t e ly d u e a n d p a y a b le
a s p r e s c r ib e d t h e r e in .
T h is b o n d s h a ll n o t h e v a lid u n t il t h e c e r t if ic a t e e n d o rs e d h e re o n
s h a ll h a v e b e e n s ig n e d b y t h e s a id T r u s t e e , o r it s s u c c e s s o r o r s u c c e s s ­
o r s i n t h e t r u s t , a n d i t i s is s u e d a n d h e ld u n d e r a n d s u b je c t t o t h e
t e r m s a n d c o n d it io n s o f s a id m o rt g a g e o r d e e d o f t r u s t .
I n w it n e s s w h e r e o f, t h e s a id R a ilw a y C o m p a n y h a s c a u s e d t h e s e
p r e s e n t s to b e s ig n e d b y it s P r e s id e n t , a n d it s c o r p o r a te s e a l to b e
a ffix e d h e re to a n d a tte s te d b y it s S e c r e t a r y , t h is 2 0 t h d a y o f D e c e m b e r,
o n e th o u s a n d e ig h t h u n d re d a n d n in e t y - t w o .

Also other lines or branches to be connected with said lines
and to be hereafter constructed; it being the intention to in­
clude heiein all the railways of the party of the first part as
the same are-now constructed and such railways as may be
hereafter constructed until said main line and branches shall
reach .a total mileage of 800 miles. And including all the
roadbed, supei structure, rights of way, side-tracks, sidings,
lands, real estate, rails, tracks, bridges, viaducts, buildings,
depots, station-houses, car-houses, engine-houses, shops, ware­
houses, turn-tables, water-stations, fences, structures, erec­
tions, fixtures and appurtenances belonging to said mortgaged
railways or in aoy wise appertaining thereto, or which shall
be by said party of the first part acquired for, or used in con­
nection with, the said mortgaged railways.
Also all locomotives, engines, cars and other rolling stock,
equipment, machinery, instruments, tools, implements, ma­
terial, furniture and other property, both real aud personal,
of every kind and description, appertaining to said mortgaged
railways, whether now belonging thereto or hereafter to be
acquired for use thereon. And all the corporate rights, privi­
leges and franchises appertaining to the said mortgaged rail­
ways, whether now owned or hereafter to be acquired, and
also all the rents, issues, tolls and other income of said mort­
gaged railways, hereinbefore described. Together with all
and singular the tenements, hereditaments and appurtenances
thereunto belonging or in any wise appertaining, and the re­
versions, remainders, rents, issues and profits thereof, and all
the estate, right, title and interest, property, possession,
claim and demand whatsoever, at law or in equity of the
Railway Company to the same, and every part and parcel
thereof.
To have and to hold all and singular the above-mentioned
property unto the said trustee and its successors aud assigns
forever. In trust, nevertheless, for the equal security and bene­
fit of all persons who shall at any time become holders of any
of such bonds or the interest warrants appertaining thereto,
without preference to the holders of any of the said bonds or
interest warrants over any of the others by reason of priority
in the date thereof, or the time of issue or negotiation thereof,
or otherwise, upon the following covenants and agreements,
to w it :
TO TA L

IS S U E

O F BO N D S N O T TO

E X C E E D

$ 2 7 ,0 0 0 P E R

M IL E .

Fir st . It is agreed that bonds at the rate of $27,000 per
mile, that is to the amount in the aggregate of $18,900,000,
may be issued forthwith upon the 700 miles of railway of the

company now constructed and equipped ready for operation.
The remainder of bonds hereby secured shall be issued at a
rate not exceeding $27,000 for each mile of railway, main line
By
[SEAT.]
or branches, in excess of said existing 700 miles, which may
P re s id e n t.
be conntcted with the railways above described and con­
A tte s t:
structed and equipped ready for operation, and which may be
S e c re ta ry .
subjected to the lien of this mortgage. The fact of the con­
[F O R M O F IN T ERE ST W A R R A N T .]
$20.
struction and equipment of such additional railway shall be
I n t e r e s t W a r r a n t f o r t w e n t y d o lla r s , g o ld , b e in g s e m i- a n n u a l in t e r e s t
certified to the trustee by a certificate in writing of the Presi­
m a t u r in g o n th e f i r s t d a y o f
dent and Chief Engineer of the railway company, which cer­
, u p o n t h e S a n A n t o n io & A r a n s a s P a s s R a i l w a y C o m p a n y ’ s
F ir s t M o rtg a g e B o n d N o.
tificate shall be sufficient proof to the trustee of the facts
T re a su re r
stated therein, and, upon receiving such certificate the
[F O R M O F T R U ST E E ’ S C E R T IF IC A T E .]
trustee shall, if in the judgment of its counsel the said
T h e C e n t r a l T r u s t C o m p a n y o l N e w Y o r k h e r e b y c e r t if ie s t h a t t h is is
additional railway shall have been duly subjected to the lien
o n e o f th e b o n d s is s u e d u n d e r t h e M o rtg a g e o r D e e d o f T r u s t b e a r in g
of this mortgage, certify and deliver to the railway company
d a t e D e c e m b e r 2 0 ih , 1 8 9 2 , r e f e r r e d to t h e r e in .
Ce n tr a l Tr u st Co m p a n t o f Ne w Y o r k ,
bonds of the issue hereby secured at the rate of 127,000 per
T ru ste e .
mile, with respect to the additional railway so certified to
B y
have been constructed and equipped.
V ic e - P r e s id e n t .
[It should be uuderstood that while the total authorized
The interest warrants are to be issued with the engraved sig­ issue is $21,600,000, the present issue is only $17,100,000, as will
nature of the Treasurer of the Railway Company, it being, appear from the following statement:
however, agreed that such engraved signature shall be as
binding as if the signature of the Treasurer were affixed to T o t a l a u t h o r i z e d i s s u e i s ............................................................................................................$ 2 1 , 6 0 0 , 0 0 0
R e s e r v e d f o r f u t u r e e x t e n s i o n s l i m i t e d t o 1 0 0 m i l e s .....................
2 ,7 0 0 ,0 0 0
such interest warrants in his own proper handwriting.
T

he

San A

G U A R A N TY

n t o n io

O F

& A

ran sas

SO U TH ER N

P

ass

R

a il w a y

P A C IF IC

Com

pany

.

CO M PAN Y.

The following guaranty, which, however, does not appear in
the mortgage, is to be engraved on eacli of the bonds :
“ For value received the Southern Pacific Company hereby
guarantees the punctual payment of the principal and inter­
est of the within bond at the limes and in the manner therein
specified. In witness whereof the said company hath caused
its corporate seal to be hereto affixed, and this instrument to
be signed by its President or Vice-President this
day of
January, 1898.
P R O P E R T Y C O N V E Y E D IN C L U D E S
IN O P E R A T IO N , A N D 1 0 0 M IL E S

7 0 0 M IL E S O F R O A D N O W
A D D IT IO N A L I F B U IL T .

R e s e r v e d f o r im p r o v e m e n t s , b e t t e r m e n t s a n d e q u ip m e n t .

P r e s e n t i s s u e b e i n g ........................................................................................... - ..............$ 1 7 , 1 0 0 , 0 0 0 ]
TR U ST TO

C E A S E

W H EN

BO N DS AN D

CO UPO N S

A R E

P A ID .

S econd . If the railway company shall well and truly pay

to the holders of the said bonds and interest warrants the
principal and interest moneys secured hereoy, when and as
the same become due and payable, according to the terms of
the said bonds, then these presents and the estate hereby
granted shall cease and be null and void.
U N T IL

D E F A U LT

that the railway
T hird . Until
company^in consideration of the promises and of one dollar company
in
N o w , th e r e fo r e , th is In d e n tu r e W itn e s s e th

$ 1 8 ,9 0 0 ,0 0 0
1 ,8 0 0 ,0 0 0

T H E R A IL W A Y C O M P A N Y TO
I8 E 3 U N D IS T U R B E D .

E N JO Y

PREM -

default shall be made by the railway
the
payment
of
the
principal
or:

A p r il 1,

THE CHR0JN10LE

1893.

641

interest of the said bonds or some of them, or some once in each week in two newspapers published in said city
part thereof, the said railway company shall be suffered to of New York, and in two newspapers published in said city,
enjoy the said premise? with their appurtenances, and all and of San Antonio.
A n d s u c h s a le a n d th e d e e d s a n d c o n v e y a n c e s to b e e x e c u te d
singular the rights and franchises hereinbefore described, and
th e re u p o n b y th e tr u s t e e , s h a ll b e v a lid a n d e ffe c t u a l fo r e v e r ,
to receive the income, earnings and profits thereof.
a n d s h a ll b e a p e r p e tu a l b a r , b o th
CO M PAN Y

C O V EN A N TS TO P A Y A L L T A X E S A N D A SSESSM EN TS
O N M O R T G A G E D P R E M IS E S .

F o u r t h . —The said railway company doth hereby covenant
that it will from time to time pay and discharge all taxes, as­
sessments and Government charges lawfully imposed upon
said mortgaged premises, or any part thereof, the lien where­
o f could be held to be prior to the lien of these presents.
R E L E A S E

O F P R O P E R T Y

FRO M

L IE N

O F T H IS

M O R TG A G E.

While there shall be no existing default in the pay­
ment of the principal or interest of any of the said bonds se­
cured hereby, the trustee shall have full power, in its discre­
tion, upon written request of the railway company, fully to
release from the lien of this mortgage any property, rights or
franchises of any description which, in its judgment, or iu the
opinion of any expert selected by it to report thereon, shall not
be necessary for use in connection with said mortgaged rail way s.
The trustee may also consent to such changes in the location
of tracks, depots and other buildings as in its judgment may
be expedient. But any property which may be acquired for
permanent use in substitution for any so released and conveyed
shall thereupon become subject to the lien of this mortgage,
and upon request of the trustee shall be conveyed to it by the
railway company upon the trusts of these presents. And all
proceeds of sale of any property so released, where there is
no replacement, shall, unless used to acquire other properties
necessary or proper for the use of the said railways, be paid
to the trustee hereunder, to be used in the purchase in the
market and cancellation of bonds secured hereby.
F

.—

if t h

th e i a il w a y c o m p a n y a n d

in

la w

a n d e q u it y , a g a in s t

it s s u c c e s s o r s a n d a s s ig n s .

The trustee shall, out of the proceeds of such sale, or of any
sale which shall be made under judicial proceedings, pay the
expenses attending such sale, and also any expenses incurred
in the management of the said premises subsequent to the
taking possession thereof, and shall apply the residue of the
proceeds to the payment of the whole amount of principal
and interest which shall then be owing and unpaid upan the
bonds sec.ui-ed hereby, or any of them, whether the said prin­
cipal, by the tenor of the said bands, be then dua or yet to be­
come due. And in case of a deficiency of such proceeds to
pay in full the whole amount of principal and interest owing
or unpaid upon the said bonds, they shall be paid ratably in
proportion to the amounts owing and unpaid upon them
respectively, and without discrimination as between prin­
cipal and interest, and without preference of the holder of
any one bond or interest warrant over any of the o'hers.
O R FO R EC LO SU R E
N

.

in t h

b e fo re

U po n

P R O C E E D IN G S

t h e h a p p e n in g

o f

M A Y

B E

T A K E N .

su c h e v e n ts as a re

is e s , t h e s a id
o f ta k in g

tr u s te e s h a ll

b e e n t it le d , in

it s d is c r e t io n , in s t e a d

p r o c e e d in g * f o r s a le o f s a id p r e m is e s , in

v ir t u e o f th e

p o w e r o t s a le h e r e in b e f o r e c o n t a in e d , t o p r o c e e d b y b il I i n e q u it y ,
o r o t h e r a p p r o p r ia t e p r o c e e d in g s in a n y c o u r t o f c o m p e t e n t j u r ­
is d ic t io n , to fo r e c lo s e t h is m o r t g a g e o r e n f o r c e
a n d s e c u r it ie s o f
A n d

t h e t r a - it e e a n d

th e re u p o n s a id

tru ste e

th e r ig h t s , lie n s

t h e b o n d h o ld e r s t h e r e u n d e r .

s h a ll b e e n t it le d t > h a v e th e s a id

p r e m is e s , e s t a t e s a n d p r o p e r t y h e r e b y c o n v e y e 1 s o ld
D E F A U LT

F O R 8 IX
M O N T H S —H O L D E R S O F A
M A J O R IT Y
BO N D S M A Y R E Q U IR E T R U S T E E TO T A K E
P O S S E S S IO N O F P R O P E R T Y .

O F

—In case of default for six months in the payment
of the principal or interest moneys mentioned in any of said
bonds, or any part thereof, according to the tenor and effect
of said bonds, then the trustee may, and upon being requested
in writing by the holders of a majority in amount of the said
bonds then outstanding shall, take possession of all and singular
the premises, estates, franchises, rights, privileges and prop­
erty hereby granted and convened And in person, or by oae
or more agents, the trustee shall operate the said railways,
making from time to time all such repairs or replacements as
it may deem judicious, and all such useful alterations, addi­
tions and improvements as the income coming into its hands
shall be adequate to pay for.
In any such case the trus'ee shall receive all earnings and
income of said railways and property, and apply the same to
the proper expenses of operating and managing the said rail­
ways and other premises, and conducting the business thereof;
to the payment of all taxes, assessments, charges, rentals, or
such liens superior to the lien of these presents upon said
premises as it m iy deem proper, and all necessary and proper
repairs, replacements, alterations, additions, and improve­
ments upon said property, and all expenses of the trustee;
and next to the payment of the interest and principal of the
said bonds, according to the tenor and effect there of, as the
same may be or become due and payable. In case the princi­
pal moneys secured by such bonds shall not have bpc >me due,
the moneys applicable to the payment of interest shall be ap­
plied upon the interest warrants remaining in default, in the
order of their maturity; but in ca-e the said principal moneys
shall have become due, the moneys applicable to the payment
of the principal and interest on such bonds shall be applied to
the payment of such principal and interest p r o r a t a , without
any preference or pri irity whatsoever.
S

ix t h

.

c ia l

s a le

t io n

o f

FO R

B IX

M O N T H S —P R I N C I P A L
D U E.

M AY

B E

D E C LA R E D

If default shall be ma le in the payment of any
semi-annual instalment of interest mentioned in the said
bonds, and if such default shall continue for the period of six
months, then the said trustee may. at its option, and upon
being requested in writing by the holders i f a majority in
amount of the said bonis then outstanding, shall declare the
principal of all of the said bonds to be immediately due and
payable, and thereuoon the princip il of all of said bonds shall
become due and payable forthwith, anything in said bonds
contained to the contrary not vithstan ling. Such declaration
may be made by notice in writing t >toe party o f the first
part, or by publication there if once ia some daily newspaper
published in the city of New York,
S

e v e n t h

.

D E F A U LT

FO R

S IX M O N T H S -T R U S T E E M A Y
P R O P E R T Y A T A U C T IO N .

S E L L

T H E

Eighth If d-fault shall be made in the payment of the
principal or interest moneys memi med in airy of slid bonds,
or any part thereo1', and if such default shall continue f >r a
period of six months, then and in that case the trustee may,
and upon being requested in writing by the holders of a ma­
jority in arnauit of the sail bo ads than outstanding shall,
cause the whole of tha said preooisas, estates, franchises,
rights, privileges and property hereby granted and conveyed,
to be sold at public auction in the city of New York, in the
State of New York, or in the city of San Antonio, in the State
of Texas, giving at least three months’ previous notice of the
time and place of such sale by publishing the same at least

u n d er
th e

th e

d e cre e

p r in c ip a l

o u t s t a n d in g
m o rtg a g e .

b o n d s,

of

th e

and

c o u rt

in t e r e s t

is s u e d

u n d er

fo r

due
th e

b y ju d i­

th e

upon

s a t is fa c ­
th e

s e c u r it y

th e n

of

t h is

In case of such sals as is hereinbefore authorized, or in case
of any judicial sale in enforcement of the mortgage lien hereby
created, the purchasers at such sale shall be entitled in making
settlement for the purchase money to turn in towards such pay­
ment the bonds and coupons hereby secured aod held by them,
reckoning such bonds and coupons, or the amount so turned in,
at such sum as would be payable out of the net proceeds of
sale to said purchasers as holders of such bonds and coupons
for their just share of said proceeds. If the net proceeds of
sale be sufficient to extinguish such bands and coupons
so turned in, they shall be canceled by the persoo making
the sale, and if such net procee is shall suffice to m ike a par­
tial payment only of such boadsand coupons, due eodorsement shall be made upon the same of the amount realized on
account thei-eof, aud said bonds and coupons s a en iorsed shall
be a-eturoed to the holders.
B O N D H O L D E R S S H A L L N O T B E G IN F O R E C L O S U R E P R O C E E D ­
IN G S U N L E S S T H E T R U S T E E S H A L L R E F U S E T O A C T .
T

.

e n t h

N o b o n d h o ld e r s h a ll

b e g in

an y

p i’o c e e d i n g s t o

fo r c e t h e p r o v is io n s h e r e o f o r to fo r e c lo s e

tins

a ft e r h e s h a ll h a v e re q u e s te d

in

t u t e s u c h p r o c e e d in g s
v id e d , a n d
su ch

th e

tru ste e

D E ED S
E

, T h e

l e v e n t h

th a t
and

and

th e

tru ste e ,

o ffe re d

s h a ll

p ro p e r

w r it in g , to in s t i­
in d e m n it y a s p ro ­

h a v e th e re u p o n

it

O F F U R T H E R

r a ilw a y

re fu s e d

d o th

h e re b y

co venent

w i l l a t a n y t im e h e r e a ft e r , u p o n r e q u e s t, d o , e x e c u t e ,

d e liv e r a ll s u c h f u r t h e r a c t s , d e e d s a n d

e n ts, a n d

to c o n f ir m
aud

h e re b y

to th e

s a id

e s t a te , r e a l a n d
in t e n d e d

to b e

th e

th ia g - s a s s h a ll b e

in t e n t io n

tru ste e

a ll

of

th e se p re s ­

a n d s in g u la r

g ra n te d , a n d so

a s to r e n d e r th e

a s s h a ll

b e h e re a f­

t e r a c q u ir e d , a v a ila b le f o r t h e s e c u r it y a n d s a t is f a c t io n
b o n d s , a c c o r d in g

to

th e

th e

p e r s o n a l, h e r e in b e f o r e d e s c r ib e d

s a m e , a n d e s p e c ia lly s u c h p o r iia n s th e r e o f
s a id

to t a k e

A SSU R A N CE.

co m p any

r e a s o n a b ly r e q u ir e d to e f f e c t u a t e

and

en­

m o rtg a g e u n t il

p r o c e e d in g s .

p ro p e rty
D E F A U LT

h e r e in ­

d e c la r e d to a u t h o r iz e t h e t r u s t e e t a s e ll t h a s a id p r e m ­

in t e n t a n d

o f th e

p u rp o s e h e r e in

e x ­

p re sse d .
T R U S T E E ’S

L I A B I L I T Y — A P P O IN T M E N T

O F

N EW

T R U S T E E S .

The trustee shall not be liable for the acts, de­
fault or negligence o f any agents or a’ toraey who may be
appointed by it for the purposes of these presents to do any
of the things herein pa-ovided for, if such agents or attorney be
selected with l’eason ible care, or for any error of judgment in
the exerci-e of the powers conferred upon it by the first article
hereof, or for anything whatsoever in connection with this
trust, except wilful misconduct or gross negligence,
The trustee under this mortgage, and its successors iu the
trust, may at any time resign the trust create 1 hereby by
giving notice of such resignation in writing to the railway
company or its successors. Any vacancy in the offiae of
trustee hereunder, whether created O y resignation or other­
wise, may he permanently filled b y the appointment of a new
trustee or new trustees by an instrument or concurrent in ­
struments in writing executed under the hands and seals of
the holders of a majority in interest of the bonds secured
hereby then outstanding, or their attorneys ia fact thereunto
duly authorized; but the board of directors of the party of
the first part or its successors, may make a temporary ap­
pointment to till such vacancy until a permanent appoint­
ment shall be made in the manner above prescribed.
T

w

e l f t h

.

THE CHRONICLE.

542
C o m m e r c ia l

[V

C

$ im e s .

O

T

T

O

N

ol

. L 'V I .

.

, March 31, 1893.
The Movement of the Cro p , as Indicated by our telegrams
from the South to-night, is given below. For the week ending
COMMERCIAL EPITOME.
this evening the total receipts have reached 62,559 bales,
F r i d a y N i g h t , M a T c li 3 1 ,1 8 9 3 .
against 52,111 bales last week and 47,931 bales the previous
“ In consequence of the fact that all the local commercial week, making the total receipts since the 1st of Sept., 1892,
4,566,267
bales, against 6,512,111 bales for the same period of
Exchanges are observing Good Friday as a holiday, a consid­
erable portion of this review is brought down to Thursday 1891-2, showing a decrease since Sep. 1,1892, of 1,945,544 bales.
evening only. General business has been irregular. Specu­
Receipts at—
Sat.
Mon.
Tues.
Wed. T/iurs. Fri.
Totui.
lation in wheat has been stimulated by an attempt to “ corner” G a l v e s t o n ............... 1 , 6 8 4 2 , 5 4 5 1 , 5 2 0
959
1 ,1 4 4
1 ,0 9 3
8 ,9 4 5
the market at Chicago. The latest information indicates a
E l P a s o , & o ...
......
......
......
732
.....
732
condition of fall-sown wheat somewhat less promising than N e w O r l e a n s . . . '2,203 2 , 7 0 2 5 , 9 5 0 2 , 8 8 8 3 , 1 5 3 7 , 7 3 6 2 4 , 6 3 2
55
330
381
87
264
255
1 ,3 7 2
last year, but spring seeding is progressing well nnder gener­ M o b i l e ...........................
F l o r i d a ........................
...............
...............
...............
......
......
56
56
ally favorable weather conditions.
S a v a n n a h ...............
1 ,8 1 8
923
1 ,0 3 1
1 ,2 9 6
2 ,2 1 2
9 ,0 6 7
1 ,7 5 7
Lard on the spot has continued dull at declining prices and
................
................
B r t m s w ’k , & o.
......
......
97
97
......
221
the close was weak at 9Jfic. for prime City, 10-7oc. for prime C h a r l e s t o n .............
133
2 ,0 9 4
528
345
377
490
...............
P o r t R o y a l,& c
......
......
......
......
......
Western and l l -20c. for refined for the Continent. The specu­
105
30
12
366
110
75
34
lation in lard for future delivery in this market continues W i l m i n g t o n _____
......
...............
................
................
W a s h ’ g t o n .& c
......
......
extremely slow and prices ; have declined sharply in response N o r f o l k ........................
393
4 ,0 6 3
580
575
595
553
1 ,3 6 7
to weaker advices from the West, where leading traders are
463
287
126
159
1 ,2 6 2
W e st P o in t ...
227
216
216
N ’ w p ’ t N ’ s .& o .
understood to be operating for a decline. The close was weak.
...............
...............
F

M a r c l i d e l i v e r y ...................
M a y d e l i v e r y ...........................
J u l y d e l i v e r y ........................
S e p te m b e r d e liv e r y .. ..e .

1 1 -5 0
11 -5 0
1 1 -2 0
1 1 -2 0

3 Ton.
Tues.
1 1 -5 5
11*55
1 1 -6 0
1 1 -6 0
1 1 -2 5
1 1 -2 5
1 1 -3 0
1 1 -3 0

Wed.
1 1 -2 5
1 L-3 0
1 0 -8 5
1 0 -9 1

Tnv.r.

Fri.

10 -? 0

w

1 0 -5 0
1 0 -6 0

N

ig h t

1 ,2 7 1

300

300

671

B o s t o n .........................

958

1 ,2 8 7

770

754

457

755

4 ,9 8 1

B a l t i m o r e ................

......

......

......

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

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

1 ,7 4 3

1 ,7 4 3

P h l l a d e l p h ’ a ,& o

208

45

185

392

582

250

1 ,6 6 2

T o t a ls t h is w e e k

7 ,9 6 2

9 ,2 4 7

1 2 ,1 8 6

8 ,6 3 6

8 ,1 4 7

1 6 ,3 8 1

6 2 ,5 5 9

D A IL Y CLOSING P R IC E S O F L A S H F U T U R E S.

Sat.

r id a y

Pork has been in slow request and the close was weak at
The following shows the week’s total receipts, the total since
$18 50@18 75 for old mess, $18 75@19 for new mess, $21® Sept. 1, 1892, and the stock to-night, compared with last year.
22 50 for short clear and $18®18 50 for family. Cut meats
Stock.
1 8 9 1 -9 2.
1 8 9 2 -9 3.
Receipts to
have been dull and weak, closing at 10@10J^c. for pickled
This Since Sep. This Since Sep.
March 3 1 .
1892.
1893.
bellies, 10@12 lbs av .; 9@ 9 k, c. for pickled shoulders and 12}£@
Week. 1 , 1 8 9 1 .
Week. 1 , 1 8 9 2 .
13c. for pickled hams. Beef is dull and nominal at $7 50 (g$8 G a l v e s t o n . . .
3 8 ,4 7 1
6 2 ,0 3 3
8 ,9 4 5
9 9 8 ,7 3 6
8 ,9 7 5 1 ,0 8 8 ,2 9 1
for extra mess, $9@9 50 for packet, $11@12 for family and
E lP a s o ,& o .
202
732
3 2 ,1 0 4
4 3 ,5 8 8
2 ,2 7 1
$16@$19 for extra India mess. Beef hams are dull and easier N e w O r l e a n s . 2 4 , 6 3 2 1 , 4 0 3 , 2 6 8 2 9 , 1 7 1 2 , 2 8 8 , 2 4 8 2 6 9 , 4 9 0 3 6 1 , 7 5 3
2 3 ,7 6 2
1 5 8 ,1 1 4
1 ,3 7 2
2 4 7 ,5 6 1
2 4 ,4 7 9
1 ,7 2 8
at $19. Lard steaiine has declined to ll% @ ll% c . in lihds. M o b i l e _________
56
2 7 ,1 8 1
2 4 ,3 1 6
and tcs. Oleo stearine has been fairly active, closing steady F l o r i d a ...............
S a v a n n a h .. .
5 6 ,1 7 0
9 ,0 6 7
7 1 1 ,0 7 9
9 3 7 ,4 7 2
6 1 ,2 0 2
7 ,6 0 9
at 7%c. Tallow has been in fair demand and steady at
1 4 0 ,1 1 6
2 ,8 0 0
3 ,6 4 7
B r a n s . , &o.
97
1 6 0 ,7 9 0
951
Cotton seed oil has been quiet but steady at 45c. for prime C h a r l e s t o n . .
2 ,0 9 4
2 6 6 ,5 0 3
4 4 2 ,9 8 2
3 5 ,0 5 0
4 5 ,5 8 7
1 ,8 6 8
425
2
1 ,4 8 3
crude. Butter is fairly active and steady at 21@32c. for P . R o y a l , & c
366
1 4 .S 1 4 ,
1 5 5 ,2 7 1
1 1 ,4 7 6
1 5 3 ,3 2 0
670
creamery. Cheese is quiet and unchanged at ll@ 12c. for W i l m i n g t o n .
............ ...
W a s k ’tn j& o
755
2 ,3 4 0
State factory, full cream. Eggs are easy at 153^@15}^c. for
4 3 ,9 0 2
2 4 0 ,0 1 2
3 8 ,1 1 2
4 ,0 6 3
4 6 9 ,3 4 7
N o r f o l k ...............
4 ,9 5 3
Western.
1 ,2 6 2
1 8 2 ,4 7 4
4 ,2 9 3
W e s t P o in t .
4 ,8 0 4
2 9 6 ,4 0 9
7 ,7 9 9
Raw sugars, under further evidences of short crops, re­
216
840
1 8 ,2 8 8
702
4 3 ,1 0 5
N w p t N .,& o
ceived liberal attention at advancing prices, closing with a N e w Y o r k . .
2 7 5 ,3 9 5
1 ,2 7 1
3 7 ,8 8 9
1 ,3 4 0
8 0 ,6 6 8
4 0 7 ,0 3 1
strong tone. Centrifugal quoted at 3 % c . for 96 deg. test and B o s t o n .................. 4 , 9 8 1
1 0 7 ,2 6 4
1 4 ,0 0 0
1 1 ,5 0 0
8 7 ,5 6 0
1 ,5 9 1
Muscovado at 3 ^ c . for 89 deg. test. Refined sugars sold with B a l t i m o r e . . .
3 3 ,2 9 3
1 ,7 4 3
3 ,7 9 4
7 0 ,3 5 5
1 1 ,9 2 0
5 4 ,1 4 3
freedom at advancing prices ; granulated quoted at 5c. Green P h l l ’ d e l ’ a , & c 1 , 6 6 2
4 1 ,1 6 0
1 ,2 3 9
6 6 ,0 5 8
1 6 ,0 5 1
1 2 ,6 1 8
teas firm, other grades easy. A cargo of boiling molasses sold
6
2
,
5
5
9
6
8
,
5
9
9
6
,
5
1
2
,
1
1
1
8
3
5
,
2
0
2
T
o
t
a
l
s
..............
4
,
5
6
6
,
5
6
7
1
,
0
5
4 .5 5 7
at 13i£c. for 50 deg. test.
Coffee has further declined, and at the decline a few addi­
In order that comparison, may be made with other year, we
tional invoices were handled afloat, but the consuming de­ give below the totals at leading ports for six seasons.
mand continued indifferent and the close is weak. Rio quoted
1892. | 1891.
1890.
1889.
1888
at 17%e. for No. 7, good Cucuta at 21i£@22c. and interior Receipts at— 1 8 9 3 .
Padang at 2o^@26J^c. Contracts for future delivery have re­ G a l v ’ a t o n , & e
9 ,6 7 7
1 0 ,1 4 3
3 ,0 7 6
3 ,4 6 1
9 ,1 7 7
5 ,3 4 8
ceived very indifferent attention, and under some liquidation N e w O r l e a n s 2 4 . 6 3 2
3 3 ,0 3 2
1 1 ,5 3 2
2 3 ,1 7 1 ]
1 6 ,7 9 0
1 2 ,7 4 0
o f long engagements prices favored buyers and oa final trans­
1 ,3 7 2
3 ,6 1 1
1 ,7 2 8
374
463
1 ,5 6 5
actions continued weak. The Exchange is closed to-day. The M o b i l e ..................
9 ,0 6 7
2 ,5 2 4
S a v a n n a h .. .
7 ,6 0 9 !
1 2 .1 7 0
4 ,3 1 3
4 ,3 4 0
following were the final asking prices on Thursday evening :
A p r i l ............................... 1 6 - 5 5 o . I J u l y ................................1 6 - 2 5 0 . I O c t .................................. 1 6 - 1 5 c .
M a y ............................. . . 1 6 - 4 0 0 .
A l l s ............................... 1 6 - 2 0 C .
D e e ..................................1 6 - O o c .
J u n e ................................ 1 6 - 3 0 C . | S e p t ............................... 1 6 2 0 c . I J a n ....................................1 5 9 3 o .

Kentucky tobacco has been taken slowly, but values bold
firm. Sales 100 hhds. Seed leaf tobacco has been without
change and steady. Sales for the week were 1,165 cases, as
follows: 250 cases 1890 crop, Pennsylvania seed, 12J£@15c.;
50 cases 1890 crop, Pennsylvania Havana, p. t .; 125 cases 1891
crop, Pennsylvania Havana, 13@18c.; 150 cases 1891 crop
State Havana. 12@18c.; 150 cases 1891 crop, Wisconsin Hav­
ana, 9310c.; 100 cases 1891 crop, Ohio, p. t.; 100 cases 1891
crop, Zimmer’s Spanish, p . t.; 90 cases 1890 crop, State Havvana, U ^ i Q l S c . ; 500 cases 1891 crop, New England Havana
27^@52o., and 100 cases sundries, 7@32%c.; also 450 bales
Havana, 70c.@ 1 10, and 150 bales Sumatra, $2 70@4 20.
Straits tin has been quiet and values have weakened a trifle
under easier advices from abroad, but at the close the market
was steady at 20*80@20*8oc. Sales for the week were about
100 tons. Ingot copper has been dull and the close was a
shade lower at ll-6oc. for Lake. Lead has continued quiet
but prices have advanced a trifle and the close was steady at
4-02t^c. for domestic. Pig iron has been without change and
quiet at $12 75® 15 50.
°
Refined petroleum has been firm but quiet at 5-45c. in bbls.
2-95c. in bulk and 6-15c. in case® crude in bbls. has been
moderately active and Washington has advanced, closing
firm at 5-20c. in bbls. and 2-70c, in bulk; naphtha 5 % c . Crude
certificates have been quiet but steady, closing at 68c. bid
Spirits turpentine is dull, weak and lower at 33J^c. for regu­
lars and 33}£c. for machines. Rosins have declined, closing
easy at §1 35@1 3 7 % for common and good strained. Wool
has been wdthout change and firm. Hops are dull and un­
changed, *

O h a r l ’ s t ’ n ,& o

2 ,0 9 4

1 ,8 7 0

1 0 ,0 8 7

870

1 ,0 7 6

W l l m ’ g t ’ n ,A ;o

366

670

1 ,0 3 7

127

855

244

N o r f o l k ...............

4 ,0 6 3

4 ,9 5 3

6 ,5 4 1

2 ,3 0 8

2 ,0 4 3

1 ,7 9 7

W ' t P o i n t , <fec

1 ,4 7 8

5 ,5 0 6 j

5 838

2 ,0 5 4

7 ,2 4 6

3 ,3 7 5

A ll o t h e r s ...

9 ,8 1 0

8 ,9 1 5 ]

1 1 ,6 0 0

6 ,2 5 4

1 2 ,4 9 5

1 1 ,5 0 4

T o t .t h is w e e k

6 2 ,5 5 9

6 8 ,5 9 9 ]

9 4 ,1 0 9

3 4 ,3 7 7

4 6 ,5 0 0

3 9 ,5 6 3

1 ,6 6 3

S ln o e S e p t . l . 4 5 6 6 .5 6 7 1 6 5 1 2 , 1 1 1 ' 6 2 9 7 , 0 9 9 ! 5 6 0 9 , 0 3 8 5 2 7 3 , 3 3 7 5 1 3 3 , 6 0 0

The exports for the week ending this evening reach a total
of 83,233 bales, of which 44 487 were to Great Britain, 3,790
to France and 34,953 to the rest of the Continent. Below are
the exports for the week and since September 1, 1892,
BxporU
from—
3 a l v e s t o n ........
V e la s c o , & c ....
N ew O r le a n s ..
M o b ile & P e n .
a v a n n a h ........
B r u n s w ic k —
C h a rle s to n . . .
W ilm in g to n ...
N o r f o l k ..............
W est P o in t ...
1 p o r tN w s , &c
e w Y o r k ........

Week Ending March 3 1 .
From Sept. 1 ,1 8 9 2 , to Mch. 3 1 ,1 8 9 3
Exported to—
Exported to—
Great
Conti­ Total Great
Conti­
Total.
Brit'n. France nent. Week. Britain. France nent.
5 ,83 5
.....

22,214

3,3Q0

3

B a lt i m o r e .........
P li il a d e lp ’a .& c

1 0,626
5,37 8

490

680
1 5,448

5,82 5
6S0
4 0 ,9 9 2

2 ,1 2 5

2 ,12 5

1,141

1,144

9,88 0
250
5 ,429

2 1 ,0 0 8

402

T o t a l ...............

44 487

3,79 0

T o t a l , 1891-92

4 6 ,4 1 1

2 5.021

34,936

5,42 9
402

43 4 ,7 8 9 133,748
1 7 ,0 6 9
43 0 ,3 4 5 28 4 ,3 3 5
40,141
61,711 2 4,727
5 7,776
2,18 0
8 3 ,6 9 4
7,90 0
7 4,102
6 6 ,3 5 9
5 2,236
6 ,60 2
29 0 ,6 0 6 15,995
147,336
75,145
6,511
9 ,079

154,507
7 2 3 ,0 4 4
2 1,221
3 8 ,2 9 0
2 94.601 1 ,00 9 ,2 8 4
4 0 ,1 4 1
2 37,864
32 4 ,3 0 2
2 0 ,4 9 9
8 0 .7 5 5
100,319
1 2 4 ,9 1 3
5 7 ,9 2 9
13 2 ,0 3 1
2 2 ,3 7 3
8 8 ,7 3 2
7 ,70 0
5 9 ,9 3 6
6 ,6 6 2
9 0 ,1 7 9
3 9 3 ,7 8 9
5 ,1 1 i
1 5 2 ,4 4 9
74,957
15 6 ,6 1 3
9 ,2 7 9
200

8 3 ,2 3 3 1,850,050 47 5 ,6 9 6 L,087,465 3 ,41 3 ,2 1 1

3 8 .7 6 0 110,192 2 ,83 5 ,7 1 0 6 1 1 ,9 2 1 1 ,41 5 ,7 2 1 4 ,8 3 3 ,3 5 2

THE CHRONICLE.

A pkil 1, 1893.]

513

The S ales a n d P rices of E otobes are shown
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not following comprehensive table:
cleared, at the ports named. W e add similar figures for
(►h
s
Q h jg v
New York, which are prepared for our special use by Messrs.
<2
a m u §3S| §>3gi
S$» cd O ® ,** ® O ® ®
Oarey, Yale & Lambert. 24 Beaver Street.
co a o pi « © re S ' ® © re 2
£-re ® 1
— re ® p,
s-© ®» t r re ® P*
& 8“ S B'Si'S B.
P ®- c ®~ »
®V *
On

M arch 3 1 at—

Shipboard, not cleared—for

Great
Other Coast­
Britain. France. Foreign wise.

S a w O r l e a n s ...
G a l v e s t o n ...........
S a v a n n a h ............
C h a r le s t o n .. ..
M o b i l e ....................
N o r f o l k ..................
N e w Y o r k ............
O t h e r p o r t s ____

8 ,3 5 3
4 ,4 0 9
N one.
N on e.
N on e.
8 ,4 0 0
7 ,5 0 0
8 ,3 0 0

6 ,8 0 9
N on e.
N on e.
N on e.
N one.
N one.
1 ,5 0 0
N one.

1 0 ,0 0 2
7 ,5 4 5
2 ,5 0 0
7 .0 0 0
N one.
3 .0 0 0
7 ,1 0 0
6 ,7 0 0

1 ,5 4 2
4 ,4 8 4
1 ,2 0 0
10 0
N one.
3 200
N one.
N on e.

2 6 ,7 0 6
1 6 ,4 3 8
3 ,7 0 0
7 ,1 0 0
N on e.
1 4 ,6 0 0
1 6 ,1 0 0
1 5 ,0 0 0

2 4 2 ,7 8 4
4 5 ,5 9 5
5 7 ,5 0 2
2 7 ,9 5 0
2 4 ,4 7 9
2 9 ,3 0 2
2 5 9 ,2 9 5
4 8 ,6 5 1

T o ta l 1 3 9 3 ...

3 6 ,9 6 2

8 ,3 0 9

4 3 ,8 4 7

1 0 ,5 2 6

9 9 ,6 4 4

7 3 5 ,5 5 8

T o ta l 1 8 9 2 ...
T o ta l 1 8 9 1 ...

4 2 ,1 8 0
6 6 .0 5 0

6 ,6 9 6
5 ,1 0 0

5 9 ,5 6 2
4 7 ,5 6 1

1 5 ,0 5 2
1 3 ,(5 2 1

S a t.

9 ifl
9he
S)l a 16
0 ‘' i «
S a t.

M on

T u es

7 7a
8 Hi
8 H3
9
9 3 .6
9 ® l»
9 lh «

iv io n T u e s

S a t.

Q o o d O r d i n a r y .......................... § lb.
S t r l o t G o o d O r d i n a r y .......................
L o w M i d d l i n g .............................
M i d d l i n g .....................................

M o n

T u es

61,. 5 1 3 16
6l l lr
7®ig 7° jb
8 Hi
3Hi

M ARKET

AND

6H
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9 7fl

W ed

T h .

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6 78
73 4
8 1 ,8
8 7 ,3
8 u ie

Th.

T ota l

E a s y ..........................
S te a d y a t ^ d e c.
E a s y a t i l(i d e c .
V e r y f i r m . ...........
S t e a d y ....................

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____
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5 .X 2 1 1 1 ,4 1 4 1

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10 0

5 ,4 .0 6

409
850
900
4 ,5 7 6
5 ,6 0 0

1 0 3 .6 0 0
3 3 6 ,0 0 0
3 2 3 .6 0 0
2 6 9 ,9 0 0
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w n c i u a e s s a l.e s i n 8 0 p e e u i t i e r , i s .^2, t o r S e p t e m b e r , 1 , 7 0 0 ;
b e r-v * > o to b e r , f o r O c t o b e r , 1 2 0 . 5 > ■; S e p t a u i b e r - N o v e m b e r , f o r
b e r , 8 7 9 . 9 0 ( ; 8 e p t e m b e r -D 60e m b e r . fo r D e c e m b e r . 1.9 3 1 .5 0 0 ;
b e r -J a n u a r y , f o r J a n u a r y , 6 ,7 5 1 . l o ; S e p t e m b e r - F e b r u a r y , f o
a r y , 3 > 0 1 4 ,6 u t '.

S e p te m N oveui
S e p te m r F e b ru -

The following exchanges hav o f>aen made during the w eet:
•26 p d . t o e x e b . 1 , 5 0 0 A p r . f o r J u l y .
•09 p d . t o e x c h . 2 , 6 0 0 M a y f o r J u n e.
• 1 1 p d . t o e x c l i . 1 .8 0 0 A p r . f o r M a y .
•18 p d . t o e x c l i . . 3 0 0 A p r . f o r O c t .
*3 2 p d . t o e x c h . . 5 0 0 A p r . f o r A u g .
•JO pd . t o e x c h . 2 ,3 0 0 A p r f o r M a y .
•03 p d . t o e x c h . 8 0 0 O c t . f o r D e c .
•27 p d . t o e x c h . 5 0 0 A p r . f o r J u l y .
•12 p d . to e x e h . 8 0 0 J u u o fo r A u g .
•16 p d . t o e x c h . 4 0 0 M a y f o r J u l y .
T

5 , 8 0 0 1 2 , 3 3 5 1 ,1 8 0 , 2 0 0

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SA LES.

Sales oj
Futures.

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Ex- j O m - j Spec- C07Lport. \KUinp.YuVl*n tvaef. lotal.
____ l
621
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3 ,7 5 0
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7 ‘4
8 3 ,6

SALES O F SPOT A N D CO NTRACT.

B a t’ d a y .
M onday
T u esday
W ed’day
T h u r’d ’y
F r id a y ..

o

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a

F r l.

The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which snows at a glance how the market closed on
game days.
SP O T M A R K E T
C L O SE D .

o

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8 7 ,6
81116
S 78
9 3 ,e
938
9 34
10 ^ 8

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8-73

9 j8
9 ic
9 7s

9 j8
9%
9 7s

6 1 3 ,.
O r d i n a r y .........................................§ l b .
6 Lj
6 9 u?
S t r i c t O r d i n a r y .....................................
6 78
7 3 ig
G o o d O r d i n a r y ......................................
7%
S t r l o t G o o d O r d i n a r y .......................
£%
8 >s
L o w M i d d l i n g .........................................
8 %
8 7 ,8
SHs
S t r i c t L o w M i d d l i n g .........................
9
8 81
M i d d l i n g .....................................................
ofie 81 >16 8 78
G o o d M i d d l i n g .......................................
9 ifl
S 'l
S t r i c t G o o d M i d d l i n g .......................
9%
9 716
9 he
M i d d l i n g F a i r .............................. ....... I ( ) i l8
9%
Fair............................................. 1 0 7 , * 1 0 3 , B 1 0 1 8
8T A IN E D .

6 J4
6-78
7H )

: £ .2 3
• p* ^

rp • "

Pi

9 3 1 ,0 6 7
5 1 6 ,2 0 7

T h .

W e d

6 Hi
6^8
7H i
7 13 16
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9 5 ,4 0
8 -6 5

U PLAN DS.

O P*

CO
1 2 3 .4 9 0
132 332

Speculation in cotton for future delivery has been conducted
with much cautioD, and the principal feature of the week was
the liquidation of engagements upon the “ long” side of the
market. That course of action was traceable to disappoint­
ment over the failure of Manchester spinners to resume pur­
chases with freedom after the settlement of the labor difficul­
ties, and also to an increased movement of supplies and
pressure to sell at the South. The promising progress of
preparations for the new crop has added to the bearish tone.
On Saturday unexpected tameness developed in the tenor of
cable advices and caused free offerings, under which the market
closed at a net loss of 6 points. Monday, work was resumed at
the Lancashire mills in accordance with the agreement entered
into during t! e previous week between the master spinners
and the workmen, but finding that no increase of trading
took place at Liverpool, holders of contracts here and of
cotton at the South became free and hurried sellers, causing a
break of about J^c. per lb. During Tuesday the continued
freedom of the offerings and an increased c t o d movement at
interior towns kept the general tone heavy and 8 points more
were lost. At Wednesday’s market the pressure was in part
removed and^some covering stiffened values a trifle, a slightly
better tone at Liverpool giving some confidence here. Yester­
day there was considerable irregularity in consequence of the
settling of engagements in preparation for the Easter holi­
days but final rates stood about the same as at the close of
preceding day. To-day the Exchange is closed. Cotton on
the spot has declined to 8 ;? g C . for middling uplands and was
sold with greater freedom at the reduced price. Exporters]to
the Continent were the principal buyers.
The total sales for forward delivery for the week are 1,180 200
bales. For immediate delivery the total sales foot up this week
12,33j bales, including 5,121 for export, 1,414 for consumption,
— for speculation and 5,800 on contract. The following are
the official quotatior s for each day of the past week—
March 25 to March 31.

O r d i n a r y ........................................ 9 l b .
S t r i c t O r d i n a r y ....................................
G o o d O r d i n a r y ......................................
S t r l o t G o o d O r d i n a r y .......................
L o w M i d d l i n g .........................................
S t r i c t L o w M i d d l i n g .........................
M i d d l i n g .....................................................
G o o d M i d d l i n g .......................................
S t r l o t G o o d M i d d l i n g .......................
M i d d l i n g F a i r .........................................
F a i r ................................................................ i

-c gf

Leaving
Slock.

Total.

by

h e

V

is ib l e

S

u p p l y

o f

C

and telegraph is as follows.

• 1 3 p 1. t o e x c h . 5 0 0 O c t . f o r A u g .
• 1 0 .» 1 t o e x c h . 1 9 0 A p r . a . u . 3 4
fo r M a y .
• 0 7 p i . t o e x c h . 2 0 .0 J m s f o r J u l y .
•0 8 p l . to e x c h . 1 0 0 M a y f o r J u u o .
•0 3 p d . to e x c h . 5 0 0 N o v . f o r A u g .
■07 p d . t o e x c h . 3 0 ) A p r . f o r M a r .
0 1 p d . to e x c h . 1 0 0 N o v . f o r D e o .
• i l p d . to e x c h . 2 ,2 0 0 M a y f o r O c t .

o t t o n

T h e

to-night, as made u p b y cable
Continental stocks, as well as

THE CHRONICLE.

544

[V o l . LVI,

those for Great Britain and the afloat are this week’s returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Mch. 31), we add the item of exports from
the United States, including in it the exports of Friday only,

less than at the same period last year. The re eipts at all the
towns have been 11,371 bales l e s s than the same week last
year, and since Sept. 1 they are 1,155,803 bales lex - than for the
iame time in 1891-93.

1893.
1892.
1891.
1890.
S t o c k a t L i v e r p o o l ................b a l e s . 1 , 6 1 1 , 0 0 0 1 , 7 3 1 , 0 0 0 1 , 1 7 9 , 0 0 0 1 , 1 5 6 , 0 0 0
B t o o k a t L o n d o n ..........................................
5 ,0 0 0
1 7 ,0 0 0
1 6 ,5 0 0
1 5 ,0 0 0

Below we give closing quotations of middling cotton at Sou1* sm and other principal cotton markets for eace d a y o ’ th' w « k.

T o t a l G r e a t B r i t a i n s t o c k . 1 ,6 4 6 ,0 0 0 1 ,7 5 1 ,0 0 0 1 ,1 9 5 ,5 0 0 1 ,1 7 1 ,0 0 0
B t o o k a t H a m b u r g .................................... ’ 1 3 ,0 0 0
3 ,4 0 0
4 ,0 0 0
4 ,0 0 0
S t o c k a t B r e m e n .........................................
1 6 3 ,0 0 0
1 5 1 ,0 0 0
1 8 4 , 0 0 0 1 4 0 ,0 0 <
B t o o k a t A m s t e r d a m .............................
1 6 ,0 0 0
2 8 ,0 0 0
1 9 ,0 0 0
7 ,0 0 (
S t o c k a t R o t t e r d a m ..............................
200
300
300
300
S t o c k a t A n t w e r p ......................................
7 ,0 0 0
5 ,0 0 0
8 ,0 0 0
5 ,0 o t
S t o c k a t H a v r e ..............................................
4 2 5 ,0 0 0
3 7 4 ,0 0 0
2 2 3 ,0 0 0
1 5 8 ,0 0 0
S t o c k a t M a r s e i l l e s ..................................
1 0 ,0 0 0
9 ,0 0 0
6 ,0 0 0
4 ,0 0 0
S t o o k a t B a r c e l o n a .................................
9 8 ,0 0 0
8 6 ,0 0 0
1 0 3 ,0 0 0
9 0 ,0 0 0
S t o c k a t G e n o a ..............................................
1 3 ,0 0 0
1 8 ,0 0 0
9 ,0 0 0
7 ,0 0 0
S t o o k a t T r i e s t e ...........................................
1 6 ,0 0 0
1 7 ,0 0 0
1 9 ,0 0 0
5 ,0 0 i

We.tk ending
March 3 1

t o t a l C o n t i n e n t a l s t o o k s .............

7 6 1 ,2 0 0

6 9 1 ,7 0 0

5 7 5 ,3 0 0

Q

4 7 0 , 30<

T o t a l E u r o p e a n s t o o k s _____ 2 , 4 0 7 , 2 0 0 2 , 4 4 2 , 7 0 0 1 , 7 7 0 , 8 0 0 1 , 5 9 1 , 3 0 0
In d ia o o t t o n a f lo a t fo r E u r o p e .
1 1 5 ,0 0 0
1 4 5 ,0 0 0
2 5 6 ,0 0 0
3 6 0 ,0 0 0
A m e r . o o tt’n a d o a t f o r E u r o p e .
1 9 0 ,0 0 0
3 6 0 ,0 0 0
3 2 4 ,0 0 0
2 3 2 ,0 0 0
E g y p t ,B r a z U ,& c .,a f l t f o r E ’r ’ p e
3 1 ,0 0 0
3 1 ,0 0 0
3 3 ,0 0 0
22,000
B to o k i n U n ite d S t a t e s p o r t s . .
8 3 5 ,2 0 2 1 ,0 5 4 ,5 5 7
6 4 8 ,5 3 9
3 5 0 ,1 3 8
B to o k in U . 8 . in t e r io r t o w n s ..
3 8 0 ,4 3 4
3 9 0 ,4 4 4
2 9 8 .3 7 5
1 2 5 ,4 4 4
U n ite d S t a t e s e x p o r t s t o - d a y .
1 6 ,5 0 5
2 1 ,0 7 6
1 1 ,4 6 1
1 4 ,4 0 7
T o t a l v i s i b l e s u p p l y .................. 3 , 9 7 5 , 3 4 1 4 , 4 4 4 , 7 7 7 3 , 3 4 2 , 1 7 5 2 , 6 9 5 , 2 8 9
O f t b e a b o v e , t b e t o t a lB o f A m e r ic a n a n d o th e r d e s c r ip tio n s a r e a s fo llo w s :

American—
L i v e r p o o l s t o o k .................. . . b a l e s . 1 , 3 9 2 , 0 0 0 1 , 4 6 0 , 0 0 0
O o n t i n e n t a l s t o o a s ..............................
6 5 4 ,0 0 0
5 8 1 ,0 0 0
A m e r ic a n
f l o a t f o r 11 u r o p e - . .
4 9 0 ,0 0 0
3 6 0 ,0 0 0
U n i t e d S t a t e s s t o c k ................................
8 3 5 ,2 0 2 1 ,0 5 4 ,5 5 7
U n ite d S t a t e s In t e r lo r s t o o k B ..
3 8 0 ,4 3 4
3 9 0 ,4 4 4
U n ite d S t a t e s e x p o r t s t o - d a y .
1 6 ,5 0 5
2 1 ,0 7 6

8 8 2 ,0 0 0
4 1 8 ,0 0 0
3 2 4 ,0 0 0
6 4 8 ,5 3 9
2 9 8 ,3 7 5
1 1 ,4 6 1

9 1 1 ,0 0 0
3 4 6 ,0 0 1
2 3 2 ,0 0 1
3 5 0 ,1 3 8
1 2 5 .4 4 4
1 4 ,4 0 7

T o t a l A m e r i c a n ................................. 3 , 4 ' 8 , 1 4 1 3 , 8 7 3 , 0 7 7 2 , 6 2 2 , 3 7 5 1 , 9 7 8 , 9 8 9
Hast Indian, Brazil, <Cc. —
L i v e r p o o l s t o c k ............................................
2 4 9 ,0 0 0
2 6 8 ,0 0 0
2 9 7 ,0 0 0
2 4 5 ,0 0 0
L o n d o n s t o o k ...................................................
5 ,0 0 0
1 7 ,0 0 0
1 6 ,5 0 0
1 5 ,0 0 0
C o n t i n e n t a l s t o o k s ................................
1 0 7 ,2 0 0
1 1 0 ,7 0 0
1 1 7 ,3 0 0
7 4 ,3 0 0
I n d i a a f l o a t f o r E u r o p e .....................
1 1 5 ,0 0 0
1 4 5 ,0 0 0
2 5 6 ,0 0 0
3 6 0 ,0 0 0
E g y p t , B r a z i l , & o . , a f l o a t ...............
3 1 ,0 0 0
3 1 ,0 0 0
3 3 ,0 0 0
2 2 ,0 0 0
T o t a l E a s t I n d i a , & o ...................
5 0 7 ,2 0 0
5 7 1 ,7 0 0
7 1 9 ,8 0 0
7 1 6 , 30<
T o t a l A m e r i c a n ................................ 3 , 4 6 8 , 1 4 1 3 , 8 7 3 , 0 7 7 2 , 6 2 2 , 3 7 5 1 , 9 7 8 , 9 8 9

u o t a t io n s

ia lv e s t o n ..
f e w O r le a n s
s l o b l l e ...............
S a v a n n a h ..
J lia r le s t o n .
Y llm in g t o n
N o r f o l k ............
3 o s t o n ..............
B a lt im o r e . . .
P h ila d e lp h ia
A u g u s t a ...
M e m p h i s _____
3 t . L o u i s _____
H o u s t o n _____
3 in o ln n a t i..
L o o la v llle .. .

f o b

M

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o t t o n

a t

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t h e r

M

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^ —

C L O S IN G Q U O T A T IO N S F O R M ID D L IN G O O T T O N ON

Satur.

Ifo n .

8%
8^8
8 Hi

8%
8 *16
8%
8^8
8%
83t
8%
8 lo ie
9^
9%
838® ^
8%
8%
8=8
9
9»8

8%
8%
8%
8 l5 ie
9 ’-s
9 * is
8H s
8%
8 78
8 H ia
9
9*8

Tuet.

Thurs.

Wednes.

8=8
8%
sq
838
8^
8 34
8=8
8 H is
9
9 5 is
S3g
8=8
8=4
8=8
8 7S
9

fV ,

83g

S 7m
8=16
8 >4
838
8%
8%
8%
8=8
8%
9 10
8-3a
8 7i s
3 > )i«
83s
8 7a
9

8>a
838
8 34
84i
8 *s
8=8

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83s
S 716
8=8
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8 7g
9

w

R e c e ip t s
F ro m
t h e
P l a n t a t i o n s . — The following t a b l e
Indicates the actual movement each week from the plantations,
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
Anally reaches the market through the outports.

Week
Receipti at the Portt. St’kat Interior Towns. Rec}pU from Plant’nt,
Ending—
1891.

1892.

F e b . 2 4 .......... 12 5 .8 9 6 14 2 ,6 6 8
M c h . 3 .......... 112.579 11 9 ,7 5 3
"
10.......... 67.541 9 3 ,3 9 3
“
1 7 .......... 9 2,675 92,186
** 2 4 .......... 100,803 6 5 ,1 8 8
81.
- 9 4 .1 0 9 6 8 ,5 9 9

1893.

6 5 ,4 9 6
65.041
5 5 ,5 7 5
47,931
5 2 ,1 1 1
6 2,559

1891.

1892.

1893.

41 0 ,6 6 7 5 2 2 .7 4 6
396,4 2 7 . 48 9 ,0 6 7
37 3 ,2 2 8 4 7 9 ,3 9 3
34 7 ,0 1 4 45 3 ,8 9 3
31 9 ,2 6 9 42 6 ,6 6 2
298.375 390.444

1891.

1592.

1 898.

438,894 11 7 ,7 2 6 116,659
43 7 ,0 7 8 9 8 ,3 3 9 9 6 ,0 7 9
41 9 ,0 3 8 6 4 ,3 4 2 7 3 ,7 2 2
4 0 9 ,4 6 2 66,461 6 6,686
391,411 7 3 ,1 5 8 3 7 ,9 5 7
3 8 0 ,4 3 4 7 3 ,1 1 5 3 2 ,3 8 1

8 2 ,7 6 6
5 9 ,2 2 5
4 1 ,5 3 5
3 8 ,3 5 5
3 7 ,o eo
4 8 ,5 8 2

The above statement shows: 1.—That cue total receipts from
the plantations since Sept. 1, in 1892-93, are 4,818,367 bales; in
1891-92 were 6,846,626 bales; in 1890-91 were 6,580,904 bales.
2.—That, although the receipts at the outports the past week
g a r The imports into Continental ports the past week have were 62,559 bales, the actual movement from plantations was
been 57,000 bales.
only 48,582 bales, the balance being taken from the stocks at
The above figures indicate a d e c r e a s e in the cotton in sighi the interior towns. Last year the receipts from the plantation s
to-night of 469,436 bales as compared with the same date for the week were 32,331 bales and for 1891 they were
of 1892, an i n c r e a s e o f 633,166 bales as compared with the 73,115 bales.
#orresponding date of 1891 and an i n c r e a s e o f 1,230,052 bales
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d s in c e S e p t . 1 .—
as compared with 1890.
We give below a statement showing the overland movement
AT t h e I n t e r i o r T o w n s the movement—that is the receipts for the week and since September 1. As the returns reach u s
for the week, and since September 1, the shipments for the by telegraph late Friday night it is impossible to enter so
week and the stocks to-night, and the same items for the largely into detail as in our regular monthly report, but a l l
corresponding period of 1891-92—is set out in detail in the the principal matters of interest are given. This weekly
following statement.
publication is o f course supplementary te the more extended
r 25g Q cq JU COn £ O SO 25
monthly statements. The results for the week ending Mch. 31
and since Sept. 1 in the last two years are as follows;
T o t a l v i s i b l e s u p p l y .................. 3 , 9 7 5 , 3 4 1 4 , 4 4 4 , 7 7 7 3 , 3 4 2 , 1 7 5 2 , 6 9 5 , 2 3 9
P r ic e M id . U p l . , L l v e r p o o l . . . .
4 kd ,
3 t 16d .
4 7s d .
6V I.
P r i c e M i d . U p l . , N e w Y o r k _____
8= so.
6 n 10c .
9c.
1 1 7 16r .

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Sept. 1 .

Week.

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V i a S t . L o u i s .........................................................
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E v a n s v i l l e ...................................................
L o u i s v i l l e ......................................................
C i n c i n n a t i ....................................................
o t h e r r o u t e s , & c ..................................

T o t a l g r o s s o v e r l a n d ...........................

1 1 ,5 4 5 1 , 0 0 7 . 8 7 9

1 1 ,3 5 6
7 ,0 S 6
1 ,0 9 4
412
7 ,1 0 8
3 ,0 2 6
1 ,4 3 4

5 6 1 ,3 3 8
3 2 2 ,7 0 3
1 5 5 ,7 1 5
3 4 ,0 7 6
1 7 5 ,0 1 5
1 2 3 ,6 9 5
1 4 2 ,9 5 9

3 1 ,5 2 6 1 ,5 1 5 ,5 0 1

O v e r l a n d t o N . Y . , B o s t o n , < fec..
B e t w e e n i n t e r i o r t o w n s .....................
I n l a n d , & o ., f r o m S o u t h .....................

9 ,6 5 7
90
791

2 2 0 .7 5 7
2 1 ,5 3 1
5 2 ,0 6 9

7 ,9 6 4
2 ,1 3 2
4 ,6 5 3

3 2 4 ,3 4 5
5 7 ,5 8 6
7 7 ,9 2 1

111

T o t a l t o b e d e d u c t e d ...........................

1 0 ,5 3 8

2 9 4 ,3 5 7

1 4 ,7 4 9

4 5 9 ,8 5 2

_____s?

L e a v in g t o t a l n e t o v e r la n d * ..

1 ,0 0 7

7 1 3 ,5 2 2

1 6 ,7 7 7 1 , 0 5 5 , 6 4 9

S

52

* t n o lu d in g m o v e m e n t b y r a i l to C a n a d a .

I *

The foregoing shows that the week’s net overland movement
this year has been 1,007 bales, against 16,777 bales for the
week in 1892, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago o f 342,127 bales.

zt
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Sight and Spinners'
Takings.

R e c e ip t s a t p o r t s to M a r c h 3 1 —
N e t o v e r l a n d t o M a r c h 3 1 .....................
S o u t h e r n c o n s u m p t io n to M c h . 3 1
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Week.

Since
Sept. 1 .

6 2 ,5 5 9 4 , 5 6 6 , 5 6 7
7 1 3 ,5 2 2
1 ,0 0 7
4 8 1 ,0 0 0
1 4 ,0 0 0

_ .

,

Week.

1

Since
Sept' x _

6 8 ,5 9 9 6 ,5 1 2 ,1 1 1
1 6 ,7 7 7 1 ,0 5 5 ,6 4 9
1 4 ,0 0 0 1
4 5 0 ,0 0 0

9 9 ,3 7 6 8 ,0 1 7 ,7 6 0
T o t a l m a r k e t e d ........................................... 7 7 , 5 6 6 5 , 7 6 1 , 0 8 9
2 5 1 ,8 0 0 * 3 6 , 2 1 s !
3 3 4 ,5 1 5
I n t e r i o r s t o c k s i n e x c e s s .......................... * 1 3 ,9 7 7
C a m e in t o s ig h t d u r in g w e e k .
T o t a l i n s i g h t M a r c h 3 1 ..................
N o r t h ’ n s p in n e r s t a k ’ g s to M ’h . 3 1

6 ,0 1 2 .8 8 9

6 3 ,1 5 8 :
________
............... 8 , 3 5 2 , 2 7 5

............... 1 , 4 3 0 . 6 1 7

................I l , 8 2 9 , 2 1 1

6 3 ,5 8 9

* D e c r e a s e d u r in g w e e k .

It will be seen by the above that there has come into sight
* Louisville ngiues “ net" in both years,
t Tills year’s figures estimated.
during the week 63,589 bales, against 63,158 bales for the
Tue above totals show that the interior stocks have d e c r e a s e d same week of 1892, and that the decrease in amount in sight
during the week 13,977 bales, and are to-night 10,010 bales to-night as compared with last year is 2,339,386 bales.

A pkil

1 , 1898. j

THE ( HRONli LE.

545

M e r i d i a n , M i s s i s s i p p i .—Planting is later than last season.
W e a t h e r
R e p o r t s b y T e l e g r a p h . — Our telegraphic ad­
vices from the South this evening indicate that the weather Farmers are exchanging cotton seed for fertilizers bat are
using it on grain crops. There will likely be no increase in
has been quite satisfactory as a rule during the week, and cotton acreage. Two killing frosts occurred during the week.
that crop preparations have progressed well. Planting is
H e l e n a , A r k a n s a s .—Farming is at about the same stage as
becoming more general. A number of our Texas correspon­ last year. The week has been too cool, but warmer weather
prevails
this morning. No rain has fallen during the week.
dents state that cotton acreage will be largely increased.
The thermometer has ranged from 38 to 67, averaging 50.
G a l v e s t o n , T e x a s — Dry weather has prevailed all the week,
March rainfall three inches, on five days.
The thermometer has ranged from 48 to 78, averaging 62.
L i t t l e R o c k , A r k a n s a s .—Light showers have fallen on two
days of the week, but have not been sufficient to interrupt
March rainfall one inch and fifty-nine hundredths.
P a l e s t i n e , T e x a s .— Rain has fallen on one day of the week, farming operat one, which are now progressing satisfactorily.
The rainfall reached nineteen hundredths of an inch. Aver­
to the extent of twenty hundredths of an inch. More is age thermometer 50, highest 71 and lowest 37.
needed. Average thermometer 58, highest 78 and lowest 38.
M e m p h i s , T e n n e s s e e .—The weather has been dry and favor­
able for farm work all the week. Plowing for cotton and
March rainfall two inches and seventy-seven hundredths.
planting of corn are progressing. The thermometer has av­
H u n t s v i l l e , T e x a s .—Cotton planting progresses. There has
eraged 50'2, the highest being 69'8 and the lowest 34't,
been one shower during the week, not quite enough, the rain­
N a s h v il le , T e n n e s s e e .—There has been rain on one day of
fall reaching fifteen hundredths of an inch. The thermometer the past week, the rainfall being one inch and forty-six hun­
has averaged 60, the highest being 79 and the lowest 42. The dredths. The thermometer has averaged 48, ranging from
rainfall during the month of March reached one inch and 33 to 70.
M o b i l e , A l a b a m a .—Cotton planting will commence next
five hundredths.
week. We have had rain on four days o f the week, the precipi­
D a l l a s , l e x a s .—Fine rains on two days of the past week, ex­
tending over a wide surface, have done immense good. Plant­ tation reaching fifty-four hundredths of an inch. The ther­
ing is being vigorously pushed iu every section o f Texas with­ mometer has ranged from 42 to 78, averaging 59, March
out a single drawback except the largely increased acreage, rainfall three inches and ninety-seven hundredths.
M o n t g o m e r y , A l a b a m a , —The weather has been splendid
which is universa1, and in my opinion will prove disastrous
unless there is a Providential crop failure. Farmers have and planting progresses well. Cotton acreage is increased.
worked themselves into such a frame of mind on this subject The State Bureau of Agriculture issued to day its report ta
as renders it not only futile to reason with them, but does April 1st, and it shows that the sales of fertilizer tags the
actual harm in confirming their determination to over-plant past three years as follows: 1890—’91, 856,688 50; 1891-’92,
under the belief that it will hurt other classes even more than 841,114 55, and 1892-’93, 851,386 65. More cotton seed, how­
themselves. I have never before seen such astounding way­ ever, has been sold this year. There has been rain on one
wardness and bitterness. The precipitation reached seventy- day during the week, the rainfall reaching three hundredths
seven hundredths of an inch. The thermometer has aver­ of an inch. Average thermometer 57, highest 67 and lowest 47.
S e l m a , A l a b a m a .—Dry weather has prevailed all the week.
aged 64, ranging from 41 to 84. During the month of March
the rainfall reached two inches and seventy-seven hundredths. The thermometer has averaged 58, the highest being 79 and
the
lowest 37.
S a n A n t o n i o , T e x a s . — W e have had dry weather all the
A u b u r n , A l a b a m a .—Upland corn has been planted. The
week. The thermometer has ranged from 44 to 80, averaging
increase in cotton acreage will be about ten per cent in this
62. March rainfall two inches and eleven hundredths.
section. The week’s rainfall has been one inch and ten hun­
L u l i n g , T e x a s ,—There has been no rain the past week.
Average temperature 62, highest 81, lowest 43. During the dredths. The thermometer has averaged 57'5, ranging from
month of March the rainfall was two inches and eighty-one 37 5 to 78-5.
M a d i s o n , F l o r i d a .—Preparations for planting are actively
hundredths.
in progress. There has been rain on four days pf the week,
C o l u m b i a , T e x a s .—There has been one shower dui mg the
week, the rainfall reaching ten hundredths of an inch. The to the extent of two inches and forty hundredths. The ther­
thermometer has averaged 63, the highest being 80 and the mometer ranged from 40 to 78, averaging 63.
C o l u m b u s , G e o r g i a , —The week’s rainfall has been one inch
lowest 45. The rainfall during the month of March reached
and sixty-five hundredths, on one day. Average thermometer
one inch and fifty-six hundredths.
C u e r o , T e x a s .—Rain is badly needed. Corn is up and cotton 61, highest 78, lowest 45.
S a v a n n a h , G e o r g i a . — I t has rained on four days o f the'
is coming up, but both want moisture Both show increased
acreage and cotton a large one, but unless we have rain soon week, the precipitation being one inch and fifty-three hun­
Nature will provide a decreased acreage, which man in his dredths. The thermometer has averaged 58, the highest being
folly refuses. The thermometer has averaged 66, During 81 and the lowest 40,
A u g u s t a , G e o r g i a .—Preparations for planting are being
the month of March the rainfall reached twenty-five hun­
pushed. Indications point to an increase over last year in
dredths of an inch.
B r e n h a m , T e x a s .—Corn is up and doing well.
Cotton cotton acreage. There has been light rain on three days of
planting progresses actively. Rain is beginning to be needed the past week, the rainfall being fifty-seven hundredths of an
in uplands but not in bottoms. There has been one good inch. The thermometer has averaged 56, ranging from 35 to
shower the past week, the rainfall reaching twenty hun­ 79. March rainfall two inches and eighty-one hundredths.
C h a r l e s t o n , S o u t h C a r o l i n a .—Rain has fallen on six days of
dredths of an inch. The thermometer has ranged from 43 to
90, averaging 66. March rainfall three inches and seventy- the week, to the extent of one inch and two hundredths. The
thermometer has ranged from 41 to 74, averaging 57.
nine hundredths.
S t a t e b u r g , S o u t h C a r o l i n a .—Rain has fallen on two days of
B e l t o n , T e x a s .—Planting progresses favorably everywhere
and prospects are good except that the cotton acreage has the week to the extent of twenty-nine hundredths of an inch.
been increased beyond all reason. There have been splendid Average thermometer 56 6, highest 81-5, lowest 40.
W i l s o n , N o r t h C a r o l i n a .—There has been rain on three
rains on two days of the week, extending over a wide surface
and doing immense good. The precipitation reached one days of the week, the rainfall reaching seventy-five hun­
inch. Average thermometer 64, highest 89 and lowest 40. dredths of an inch. The thermometer has averaged 54, the
highest being 82 and the lowest 30.
March rainfall two inches and thirty-eight hundredths.
The following statement we have also received by telegraph
F o r t W o r t h , T e x a s .—We have had one splendid shower
during the week, to the extent of fifty-five hundredths of an snowing the height o f the rivers at the points named at 3
o’clock
March 30, 1893, and March 31, 1892.
inch. The thermometer has averaged 62, the highest being
85 and the lowest 38. The rainfall during the month of
Meh. 3 0 , ’ 9 3 . I f f h. 3 1 , ’ 9 2 .
March reached two inches and fifty-six hundredths.
Feet.
Feel
W e a t h e r f o r d , T e x a s .—Everything is promising. There is a N e w O r l e a n s . . . .
13 6
11 8
small increase in the acreage of corn and small grains and a M e m p h i s .....................
2 4 -9
23 3
28*4
8 *1
large increase in cotton. The latter is the case with many N a s h v i l l e ..................
2 0 0
1 5 -9
S
h
r
e
v
e
p
o
r
t
...............
farmers who have recently been extremely eloquent at con­ V i c k s ' m r g : ..................
43 O
32 *4
ventions called to briDg about a reduced area. Many refuse
to disclose their cotton acreage. There has been one good
is n iA C o t t o n M o v e m e n t f r o m
a l l
P o r t s . —The receipts
shower the past week, the rainfall being thirty hundredths of and moments of cotton at Bombay have been as follows for
an inch. The thermometer has averaged 56, ranging from 38 the week and year, bringing the figures down to March 30.
to 74. During the month of March the rainfall reached one
BO M B A Y R E C E IP T S AN D SH IPM EN TS F O R F O U R Y E A R S .
inch and sixty-five hundredths.
Shipments since Sept. 1 .
Receipts.
Shipments
this week.
. N e w O r l e a n s , L o u i s i a n a .—There has been rain on two days
This
Since
Conti­
of the week, to the extentof forty-four hundredths of an inch. Year Great Conti­
Great
Total. Week. Sept. 1 .
BriVn. nent. Total. Britain nent.
The thermometer ha3 averaged 63.
S h r e v e p o r t , L o u i s i a n a .—But little planting has yet been * 9 2 -3
3 5 2 .0 0 0 7 5 .0 0 0
8 0 3 .0 0 0
1 5 .0 0 0 3 3 7 . 0 0 0
2 5 .0 0 0 2 5 .0 0 0
done; preparations, however, are active. Light frosts this ’ 9 1 - 2 4 . 0 0 0 2 7 .0 0 0 3 1 . 0 0 0 2 4 . 0 0 0 2 4 6 . 0 0 0 2 7 0 . 0 0 0 6 5 . 0 0 0 7 5 0 . 0 0 0
1
,
2 2 6 ,0 0 0
4
9
4
.
0
0
0
7
4
.
0
0
0
’
9
0
1
4
4
1
,
0
0
0
1
3
.0
0
0
5
3
.
0
0
0
8
7
.
0
0
0
1
0
:0
0
0
week have done no damage. We have had light rain on one
day of the past week, the rainfall reaching four hundredths ’ 9 - 9 0 1 2 .0 0 0 1 0 4 0 0 0 1 1 8 0 0 0 \8 1 , 0 0 0 5 9 0 . 0 0 0 7 7 1 . 0 0 0 9 1 . 0 0 0 1 , 2 8 2 . 0 0 0
of an inch. Average thermometer 56, highest 71 and lowest 39.
According to tne foregoing Bombay appears to show
C o l u m b u s , M i s s i s s i p p i .—Excellent weather for farm work an i n c r e a s e compared with last year in the week’s receipts o f
has prevailed during the week. We have had rain on one day, 10,006 bales and a d e c r e a s e in shipments of 6,000 bales, and
the precipitation being thirty-one hundredths of an inch. The the shipments since Sept. 1 show an i n c r e a s e of 82,000 bales.
thermometer has averaged 57, the highest being 85 and the The movement at Calcutta, Madras, and other India ports for
lowest 39. Month's rainfall three inches and six hundredths.
che last reported week and since the 1st of September, for two
L e l a n d , M i s s i s s i p p i .—Rainfall for the week one inch. The years, has been as follows.
“ Other ports” cover Ceylon,
thermometer has avpraged 53-9, ranging from 35 to 75.
Tuticorin. Kurrachee and Coconada.

540

THE
Shipments for the week.
Conti­
nent.

Great
Britain.
O B o u tta —
1 8 9 2 - 9 3 ...
1 8 9 1 - 9 2 ...
M a d ra s—
1 8 9 2 - 9 3 ...
1 8 9 1 - 9 2 ...
A ll o th e rs —
18929 3
189192
T o ta l a ll—
1 8 9 2 - 9 3 ...
1 8 9 1 - 9 2 ...

C H R O N IC L E ,

Shipments since Sept.
Gi'eat
Britain. Continent.

Tdal.

1.

the reader may constantly have before him the data for
seeing the exact relative movement for the years named.
The monthly movoment3 since September 1, 1863, and in
previous years, have been as follow s:

Total.

2 ,0 0 0

3 ,0 0 0

5 ,0 0 0

6 ,0 0 0
4 ,0 0 0

1 7 .0 0 0
2 1 .0 0 0

2 3 .0 0 0
2 5 ,0 0 C

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

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

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

1 3 .0 0 0
1 7 .0 0 0

7 ,0 0 0
1 2 ,0 0 0

2 0 .0 0 0
2 0 ,0 0 0

...
...

3 0 .0 0 0
4 4 .0 0 0

2 1 .0 0 0
2 1 ,0 0 0

5 1 .0 0 0
6 5 .0 0 0

3 ,0 0 0

5 4 .0 0 0
7 7 .0 0 0

4 .0 ,0 0 0
4 2 ,0 0 0

5 ,0 0 0

9 4 ,0 0 0
1 1 9 ,0 0 0

E X P O R T S T O E U R O P E P R O M A L L I N D IA .
1 8 9 1 -9 2.

1 8 9 2 -9 3 .

1 8 9 0 -9 1.

Shipments
to all Europe
from —

This
week.

B o m b a y ....................
A ll o th e r p o rts .

2 5 ,0 0 0
5 ,0 0 0

3 5 2 ,0 0 0
9 4 ,0 0 0

3 1 ,0 0 0

2 7 0 .0 0 0 1 0 0 ,0 0 0
1 1 9 .0 0 0

4 9 4 .0 0 0
1 2 9 .0 0 0

T o t a l . . _____

3 0 ,0 0 0

4 4 6 ,0 0 0

3 1 ,0 0 0

3 8 9 , 0 0 0 1 0 0 ,0 0 0

6 2 3 ,0 0 0

Since
Sept. 1 .

This
week.

Since
Sept. 1 .

This
week.

Since
Sept. 1 .

A l e x a n d r i a R e c e i p t s a n d S h i p m e n t s . —Through arrange­
ments we have made with Messrs. Davies, Benachi & Co., oi
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.

Alexandria , Egypt,
March 2 9 .

18 9 1 -9 2.

18 9 2 -9 3.

H e e e l p t s ( o a n t a r s * ) _____
T h i s w e e k _____
S in c e S e p t . 1 .

1 5 ,0 0 0
5 , < '1 5 ,0 0 0

1 8 9 0 -9 1.

4 5 ,0 0 0
4 ,5 6 9 ,0 0 0

This
Since
week. Sept. 1 .

4 0 ,0 0 0
3 ,8 3 3 ,0 0 0

This
Since
week. Sept. 1 .

This
Since
week. Sept. 1

T o C o n t i n e n t ......................

i
4 , 0 0 ■2 4 3 , 0 0 0
2 ,0 o *> j 2 3 8 , 0 0 0

4 . 0 0 0 2 9 1 ,0 0 0
6 . 0 0 0 1 7 2 ,0 0 0

2 , 0 0 0 2 5 7 ,0 0 0
5 ,0 0 0 1 7 1 ,0 0 C

T o t a l E u r o p e ...............

6 . - “ > 0 1 4 3 6 ,0 0 0

1 0 ,0 0 0 4 6 3 .0 0 0

7 ,0 0 0 4 2 8 00C

E x p o r t s ( b a le s )—

Is 98 so u n d s.

This statement shows that the receipts for the week ending
March 29 were 15,000 cantars and the shipments to all Europe
0,000 bales.
M a n c h e s t e r M a r k e t . —Our report received by cable to-night
from Manhiester states that the market continues dull but
steady for both yarns and shirtings, on account of the holidays.
W i give the prices for to-day below and leave those for
previous weeks of this and last year for comparison:
1893.

Cop.
Twist.

<1.
8*4
8^ 8

8*2

8*2

d.
®9
®9
@9
-2 9
'® 8 7q
® 8 76

1892.

lbs.
Shirtings.

32g

Fb . 24
M o ll. 3
“ 10
“ 17
** 2 4
“ 31

1892

1891.

1890.

1889.

S e p t’in h ’r

4 0 5 ,3 5 5

6 7 6 ,8 2 3

7 3 2 ,2 3 6

5 6 1 ,7 1 o |

1 ,1 3 5 ,4 7 3 1 ,5 3 2 ,4 2 6

1 ,3 6 5 ,2 3 1

N o v e m b ’ r 1 ,1 2 5 ,8 5 5

2 ,0 0 0

A. o a n t a r

Tear Beginning September

Monthly
Receipts.

O c to b e r-

The above totals for the week show that the movement from
the ports other than Bombay is 5,000 bales m o r e than the same
w e e k last year.
For the whole of India, therefore, the total
shipments since September 1, 1892, and for the corresponding
periods of the two previous years, are as follows:

*

LVol, l v i .

8*4

a. d .
8.
5 10*o@ 7
5 1 0 **2 @ 7
5 1 0 * $ 3>7
5 10*2 @ 7
5 10^W7
5 10V ^7

d.
4*s
5
5*s
6
6
6

CotVn
Mid.
Uplds

Cop.
Twist.

lbs.
Shirtings.

32s

d.
5 * ie

d.
d.
6 9 16 ® 7 3 16
6%
'3>7*s
5 J i s 6 1 je /2 > 7 i16
4 1 d I 8 5 1 5 J f;'® 7
O
5 1 5 i e '@ 7
4%
5 78 '@ 6 78

8*4

8, d .
s.
5
l* a ® 6
5
1 '@ 6
5 0*2® 6
5 0 *s® 6
4 11 *a@ 6
4 11
-@6

d.
7
6
5
4*a
4
3

Colt’*
Mid.
Upld
d.
3 U 16
3%
3 H ie
3»16
3na
3 3 ,6

1 ,3 7 6 ,9 0 .

[

1.
1888.

1887.

3 3 2 ,0 1 7

6 5 4 ,7 7 6

1 ,3 2 5 ,3 5 8 1 ,1 3 3 ,0 1 6 1 ,2 1 3 ,4 0 4

1 ,1 4 5 ,4 1 6 1 ,2 5 7 ,5 2 0 1 ,1 5 9 ,0 6 3 1 ,1 7 8 ,4 3 6

D ecem b ’i

9 3 0 ,0 2 9 1 ,2 1 5 ,1 4 4

Ja n u a ry

4 3 8 ,4 5 7

6 6 5 ,1 6 2

8 5 9 ,9 7 9

7 0 0 ,9 0 S |

7 1 3 ,0 9 1

5 2 7 ,5 7 0

F e b ru a rj

2 9 1 ,6 4 8

6 5 8 ,8 5 5

5 3 5 ,2 7 3

4 1 0 ,0 4 4

4 6 1 ,2 0 1

3 4 1 ,2 7 4

T o t a l . . . .4 ,3 2 4 ,8 1 7

1 ,1 9 5 ,0 0 3 1 ,1 1 6 ,9 2 0 1 ,1 0 3 ,7 1 3

1

9 6 3 ,5 8 4

6 ,1 2 5 ,3 1 9 5 ,8 3 3 ,1 9 3 5 ,3 7 2 ,4 6 9 4 ,9 0 7 ,1 0 1 4 ,8 7 9 ,0 1 4

P e ro ’ta g e o f to t. p o rt
r a o a ip t s F e b . 2 8 ..

85*58

83*13

9 1 '4 3

1

88 45

87 09

This statement shows that up to February 25 the receipts
at the ports this year were 1,800,502 bales less than in
1891-93 and 1508,881 bales less than at the same time in 1890 91.
By adding to the totals to Feb. 23 the daily receipts since
that time we shall be able to reach an exact comparison o f
the movement for the different years.
1 8 9 1 -9 2.

1 8 9 2 -9 3 .

1 8 9 0 -9 1.

1 8 8 9 -9 0.

1 8 8 8 -8 9.

1 8 8 7 -8 8.

T o . F b . 2 9 1 ,3 2 4 ,8 1 7 1 6 ,1 2 5 ,3 1 9 5 ,8 3 3 ,1 9 8 5 ,3 7 2 ,4 6 9 :4 ,9 0 7 ,1 0 1 4 ,8 7 9 ,0 4 4
M c b .l....
1 1 ,1 8 9
7 ,5 9 0
1 7 ,0 3 9
8.
2 2 ,2 2 6
8 ,3 1 6
“

2 ....

7 ,5 9 1

1 3 ,7 3 9

1 7 ,2 2 6

8.

“

3 ....

8 ,3 9 3

1 3 ,6 8 5

2 4 ,3 5 4

7 ,4 1 7

“

4 ....

7 ,1 1 4

2 2 ,9 6 0

1 2 ,1 0 6

7 ,4 8 .

1 0 ,7 6 4

8.

“

5 ....

8.

1 6 ,8 2 8

1 6 ,2 9 6

1 2 ,9 3 1

1 7 ,8 3 6

1 1 ,2 4 7

“

6 ....

1 1 ,2 2 4

“

7 ....

9 ,5 0 2

1 7 ,9 1 3

«

8 ....

9 ,3 4 7

2 3 ,4 5 1

“

9 ....

9 ,0 5 5

1 2 ,2 1 5

“

1 0 ....

9 ,3 3 3

“

1 1 ....

7 ,1 6 0

“

1 2 ....

8.

1 6 ,0 0 2

1 2 ,1 2 9
8.

1 4 ,0 9 9
1 1 ,1 2 8

1 8 ,7 9 1

5 ,4 0 1

8 ,0 9 7

1 7 ,5 1 1

1 3 ,7 6 0

1 8 ,7 7 9

1 3 ,7 9 8

9 ,2 1 2

5 ,5 2 0

1 9 ,0 1 4

8 ,3 5 1

1 6 ,5 4 0

8.

1 4 ,1 3 0

1 6 ,0 2 0

9 ,8 5 6

2 2 ,0 6 6

9 ,2 8 6

1 3 ,1 3 3

1 1 ,2 5 7

7 ,5 7 7

1 0 ,7 2 5

8.

1 0 ,6 2 9

1 0 ,7 6 0

1 4 ,5 0 3

6 ,0 7 3

8.

8.

8.

6 ,9 8 0

1 3 ,2 8 9

6 ,3 8 4

6 ,0 2 4

1 2 ,3 8 9

1 3 ,4 8 7

1 5 ,2 0 8

1 2 ,9 5 b

4 ,6 0 4

5 ,1 2 0

2 1 ,6 8 6

6 ,4 4 1

1 6 ,4 2 3

8.

1 6 ,0 6 7

1 0 ,8 4 6

1 3 ,0 7 4

2 0 ,5 7 7

8 ,8 5 1

1 0 ,0 6 7

1 0 ,9 9 2

6 ,0 8 0

1 1 ,6 0 4

8.

1 1 ,8 6 3

1 5 ,1 8 4

6 ,3 9 4

1 4 ,0 3 9

8 ,6 7 7
6 ,9 4 3

“

1 3 ....

6 ,1 7 6

“

1 4 ....

1 0 ,9 4 0

1 6 ,7 7 5

8.

“

1 5 ....

6 ,9 0 8

2 3 ,8 3 3

“

1 6 ....

5 ,7 9 6

1 2 ,4 3 5

“

1 7 ....

1 0 ,9 5 1

“

1 8 ....

8 ,0 3 2

“

1 9 ....

S.

8.

8.

3 ,4 4 4

“

2 0 ....

9 ,6 2 1

1 6 ,0 1 2

3 ,0 3 5

6 ,6 8 2

“

2 1 ....

8 ,8 4 0

1 0 ,1 4 6

1 4 ,5 1 0

9 ,0 6 7

9 ,7 c 9

6 ,0 3 6

“

2 2 ....

7 ,1 1 0

1 6 ,9 7 0

8.

5 ,2 5 3

2 6 ,0 9 2

4 ,3 8 9

“

2 3 ....

8 ,0 9 6

7 ,3 6 4

1 5 ,7 0 1

8.

6 ,4 8 3

8 ,8 4 1

«

2 4 ....

1 0 ,4 1 2

8 ,3 7 3

2 4 ,0 8 1

8 ,7 8 8

“

2 5 ....

7 ,9 8 2

1 0 ,4 7 2

1 3 ,9 5 0

1 0 ,2 8 5

9 ,6 5 2

“

2 6 ....

8.

9 ,4 9 2

1 7 ,3 7 1

3 ,8 6 9

1 1 ,0 7 9

8.

8,

5 ,4 0 5
8.
5 ,3 6 5

“

2 7 ....

9 ,2 4 7

8.

1 5 ,1 9 0

2 ,9 7 6

4 ,8 7 3

6 ,0 6 3

“

2 8 ....

1 2 ,1 8 6

7 ,9 7 4

1 6 ,5 6 3

9 ,8 9 4

5 ,8 4 5

4 ,0 0 1

“

2 9 ....

8 ,6 3 6

1 1 ,1 0 1

3 ,6 2 5

1 3 ,6 3 2

6 ,1 7 3

“

3 0 ....

8 ,1 4 7

9 ,8 7 1

1 5 ,1 2 0

8.

“

3 1 ....

1 6 .3 S 1

1 9 ,7 6 9

2 6 ,2 2 7

1 2 ,1 7 1

8.

1 0 ,7 7 4
8.

6 ,3 8 9
1 0 ,0 4 9

T o t a l . . 4 ,5 6 6 ,5 6 7 6 ,5 0 1 ,7 1 9 6 ,2 6 0 ,9 0 0 5 ,5 8 6 ,1 6 6 5 ,2 3 7 ,6 1 1 5 ,1 0 4 ,0 8 6
P e rc e n ta g e o f to ta !
90*84

p o r t r e c ’ p t a M c b .3 1

8 9 -5 3

9506

9 4 -4 1

9 1 -1 0

This statement shows that the receipts since Bept. 1 up to
8^3
to-night are now 1,935,152 bales less than they were to the
83a
same day of the month in 1892 and 1,691,333 bales less than
Jute Butts, Bagging , & c.—The demand for jute bagging they were to the same day o f the month in 1891. W e add to
has been light the past week. Ruling quotations have been the table the percentages of total port receipts which had
5c. for 1% lbs., 6J£c. for 2 lbs. and 6c. for 2 Jq lbs., but for been received to March 31 in each of the years named.
large lots concessions would be made. Jute butts continue
T h e E x p o r t s o f C o t t o n from New Y ork this week show a n
increase compared with last week, the total reaching 21,003
quiet at lj^c. for piper grades and 2c. for bagging quality.
bales, against 14,231 bales last week. Below we give our
East I ndia Crop P rospects —The following is from usual table, showing the exports o f cotton from New York,
Messrs. Gaddutn, Bythell & Co.’s report, dated Bombay, and the direction, for each o f the last four weeks; also the
February 25:
total exports and direction since Sept. 1, 1892, and in the last
A r r i v a l s o f O o rn ra s c o n t in u e v e r y s m a ll f o r t h e t im e o f t h e y e a r ,
column the total for the same period of the previous year.
a n d i t o m s c a r c e ly b e d o u b te d a n y lo n g e r t h a t th e c r o p w il l f a l l s h o r t
o f m o s t o f t h e e s t im a t e s p u t f o r w a r d e a r l y in t h d s e a s o n . B e n g a ls , o u
t h e o th e r h a n d , co m o to m a r k e t in v e r y f a i r q u a n t it ie s , a n d th e v e r y
p e s s im i s t ic o p iu io n s r e g a r d i n g t h e s iz e o f t h i s c r o p w i l l n o t b e r e a liz e d .
T h e w e a t h e r i n B r o a c h a n d D lio lt e r a h a s b e e n g iv in g r is e to s o m e u n ­
e a s in e s s d u r in g t h e p a s t f e w d a y s , b u t so f a r t h e f a l l o f r a in h a s b e e n
v e r y s lig h t , a u d n o d a m a g e is e x p e c t e d g e n e r a lly ; w h ile in so m e d is ­
t r i c t s t h e p l a n t s a r e s a i d t o h a v e a c t u a l l y b e 'n e f lt t e d t h r o u g h t h e
3 h o w e rs . S a w - g in n e d D h a r w a r a n d W e s t e r n s c o u t in u e to s p e a k f a v o r ­
a b ly o f t h e ir p r o s p e c t s , a n d in T i n n e v e l ly th e c o t t o n is a lr e a d y b e ­
g in n in g to c o m e to m a r k e t , t h o u g h t h e e s t im a t e o f t h e t o t a l c r o p i s n o t
i n o re a se d .

The Bombay Company’s cotton report of the same date
says :
T h e B r o a c h c r o p i s p r o g r e s s in g f a v o r a b ly o n t h e w h o le , t h o u g h th e
o u t- tu rn is lik e l y to b o r a t h e r s h o rt e r t h a n w a s a t f i r s t a n t ic ip a t e d ,
o w in g t o t h e p r e v a le n c e o f c o ld w in d s . S li g h t r a i n h a s f a l l e n o f l a t e ,
b u t s o f a r it, h a s b e e n s o s l i g h t t h a t n o d a m a g e i s a n t i c i p a t e d .
F ro m
t h e D h o i le r a d i s t r i c t s c o ld w iu d s a r e a ls o r e p o r t e d , b u t n o r e lia b le
e s t im a t e o f t h e o u t - t u r n h a s y e t b e e n r e c e iv e d . T h e s a m p le s r e c e iv e d
o f la t e s h o w s a t is f a c t o r y q u a l it y . T h e lo c a l m il ls h a v e b e e n b u y in g
s l o w ly , a n d t h e r e h a s a ls o b e e n a s m a l l d e m a n d fr o m J a p a n .
C

o m p a r a t iv e

P

o r t

R

e c e ip t s

a n d

D

a il y

C

r o p

M

o v e m e n t

.

“ A comparison of the port movement by weeks is not
accurate as the weeks in different years do not end on the
same day of the month. W e have consequently added to our
Other standing tables a daily and monthly statement, that
%
■

EXPORTS OF COTTON ( B A L K S ) PROM NEW YO RK SINCE SEPT. I , 1 8 9 2 .

Week Ending—
Exported, to—

March March March March
10.

17.

24.

31.

Total
since
Sapt. 1 .

Same
period
previous
year.

4 ,3 2 1
2 ,9 5 2

8 ,8 8 2
579

6 ,5 0 9
1 ,7 6 3

7 .C O O
3 ,4 3 3

2 3 3 ,8 1 5
5 6 ,7 9 1

2 8 6 ,7 6 9
5 6 ,8 1 1

7 ,2 7 3

9 ,4 6 1

8 ,2 7 2 1 0 ,6 3 3

2 9 0 ,6 0 6

3 4 3 ,5 8 0

1 ,1 0 3

738

1 ,2 0 0

490

1 5 ,9 9 5

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

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

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

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

2 6 ,3 6 1
250

_____

1 ,1 0 8

738

1 ,2 0 0

490

1 5 ,9 3 5

2 6 ,6 1 1

B r e m e n ......................................
H a m b u r g ..................................
O t h e r p o r t s ...........................

600
2 .4 1 4
3 ,0 2 6

i.ib o
379

500
3 ,1 2 2

3 .0 6 9
1 ,8 1 2
3 .6 4 9

2 1 .9 1 5
9 ,0 1 3
4 2 .4 9 2

2 8 ,5 7 9
4 1 ,7 4 7
4 8 ,8 7 5

u r o p e

6 ,0 4 0

1 ,1 7 9

3 ,6 2 2

8 ,5 3 0

7 3 ,4 2 0

1 2 1 ,2 0 1

S p a i n , I t a l y , & o ...............
A l l o t h e r ....................................

1 ,1 2 8
...............

1 ,1 3 7
...............

500
850

1 5 .3 4 8
3 ,4 :1

2 6 ,0 0 8
1 ,4 2 4

1 ,1 3 7

1 ,3 5 0

1 6 ,7 5 9

2 7 ,4 3 2

. . . . 1 5 , 5 4 9 !1 1 , 6 7 8 1 4 ,2 3 1 2 1 , 0 0 8

3 9 6 .7 8 0

5 1 8 .8 2 4

L i v e r p o o l ................................
O th e r B r it is h p o r t s ..
T

o t

.

G

to

t

. B

b i t ’n

.

H a v r e .................. ..........................
O th e r F r e n c h p o r t a ..
T

T

T

o t a l

o t.to

o t a l

G

F

r e n c h

N o.E

Sp

r a n d

a in

T

, & c ..

o t a l

1 ,1 2 8

THE CHRONICLE,

A pril 1, 1898.]

547
*

The tone of the Liverpool market for spots and futures each
—The exports of cotton from the United
States the past week, as per l a t e s t m a i l returns, have reached day of the week ending March 31, and the daily closing prices
*
'
60,067 bales. So far as the Southern ports are concerned, these of spot cotton, have been as follows:
are the same exports reported by telegraph and published in
the C h r o n i c l e last Friday. With regard to New York we
Spot.
Saturday Monday. Tuesday. Wednee. Thursday. Friday.
include the manifests of all vessels cleared up to Thursday.
S

h ip p in g

* N

e w s

.

Total bales.
N

Y o r k — T o L i v e r p o o l , p e r s t e a m e r s A u r a n i a , 2 , 6 8 9 .............
N o m a d i c , 4 , 5 1 1 ............................................................ ........................................................................
T o H u l l , p e r s t e a m e r s C o l o r a d o , 1 , 6 0 0 .............H i n d o o ( a d d i ­
t i o n a l ) , 1 , 6 0 0 .................................................................................................................
T o L o n d o n , p e r s t e a m e r M i s s i s s i p p i , 2 3 8 ...........................................................
T o H a v r e , p e r s t e a m e r L a C h a m p a g n e , 4 9 0 .............................. ...................
T o B r e m e n , p e r s te a m e rs E m s , 2 ,3 5 0 ...S a a le , 8 0 7 .. . T r a v e ,
9 1 2 ...........................................
T o H a m b u r g , p e r s t e a m e r s A m a l f l , 2 5 8 _____E s s e n , 1 , 0 4 9 . . . .
M a r s a l a , 5 0 5 ............................
T o A n t w e r p , p e r s t e a m e r s B e lg e n la n d , 1 , 1 4 1 . . ..C h ic a g o ,
1 , 5 0 8 ____ D e R u y t e r , 7 0 0 _____ L e i b n i t z , 3 0 0 ...................................................
T o B a r c e l o n a , p e r s t e a m e r A l e s i a , 1 0 0 ....................................................................
T o G e n o a , p e r s t e a m e r M o n t e b e l l o , 4 0 0 ................................... .........................
T o Y o k o h a m a , p e r s t e a m e r W h i t e C r o s s . 8 5 0 ..............................................
N e w O r l e a n s — T o L i v e r p o o l , p e r s t e a m e r Y u c a t a n , 2 , 7 5 0 ...............
T o H a v r e , p e r s t e a m e r S c o t s G r e y s , 2 , 7 0 0 ......................................................
T o B r e m e n , p e r s t e a m e r H u r o n a , 8 , 5 0 0 ...............................................................
T o H a m b u r g , p e r s t e a m e r T a f n a , 8 6 6 ......................................................................
T o A n t w e r p , p e r s t e a m e r M y r t l e d e n e , 5 2 0 .......................................................
T o V e r a C r u z , p e r s t e a m e r R a v e n s d a l e . 2 0 0 ..................................................
G a l v e s t o n — T o H a v r e , p e r s t e a m e r V e l l e d a , 6 , 0 7 5 ......................................
S a v a n n a h — T o B a r c e l o n a , p e r s t e a m e r P a w n e e , 3 , 1 5 0 ...........................
T o G e n o a , p e r s t e a m e r P a w n e e , 5 5 0 .........................................................................
N o r f o l k — T o L i v e r p o o l , p e r s t e a m e r s R e g a l , 3 , 1 7 1 ............ S c .
E n o c h , 2 0 7 ..................................................................................................................................................
B o s t o n — T o L i v e r p o o l , p e r s t e a m e r s A n g l o m a n , 2 , 6 0 3 _____K a n ­
s a s , 1 , 6 5 2 _____L a n c a s t r i a n . 8 7 5 ____________________________________________
T o Y a r m o u t h , p e r s t e a m e r B o s t o n , 9 5 ....................................................................
B a l t i m o r e — T o H a v r e , p e r s t e a m e r A l m a , 1 , 6 5 1 ............................................
T o B r e m e n , p e r s t e a m e r W e i m a r , 3 , 3 3 7 ...............................................................
P h i l a d e l p h i a — T o L i v e r p o o l , p e r s t e a m e r L o r d C l i v e , 1 5 7 .............
e w

T o t a l ............................................................. ........................................ ....................................................................

Future!.

1 ,8 1 2

M a rk e t,
1 :4 6 p . m .

3 ,6 4 9
100
400
850
2 ,7 5 0
2 ,7 0 0
8 ,5 0 0
866
520
200
6 ,0 7 5
3 ,1 5 0
550

6 0 ,0 6 7

T o t a l....

3 .1 3 S
________

________
3 ,3 7 8
5 ,1 3 0

_______

490
2 ,7 0 0
6 ,0 7 5
________

4 ,8 8 1
9 ,3 6 6

3 ,6 4 9
520
_____
________

______
________

______

157

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

1 8 ,6 1 5

850
2C0

500

3 ,7 0 0
________
95

____
1 ,6 5 1

3 ,3 3 7

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

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

3 , 4 3 8 1 0 , 9 1 6 1 7 ,5 8 4

................
4 ,1 6 9

2 1 ,0 0 8
1 5 .5 3 6
6 ,0 7 5
3 ,7 0 0
3 ,3 7 8
5 ,2 2 5
4 ,9 3 8
157

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

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

4 ,2 0 0

1 ,1 4 5

6 3 ,0 6 7

Below we add the clearances this week o f vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
G
N

a lv esto n —T
e w
Orlea n s

o L i v e r p o o l —M a r c h 3 0 — S t e a m e r F r a n c i s c o , 5 , 8 2 5 .
— T o L iv e r p o o l—M a rc h 2 7 — S t e a m e r s E le c t r ic i a n . 4 ,6 4 8 ;
N a v a r r o , 7 ,5 0 0 . ...M a r c h 2 9 — S te a m e r P a lla s , 4 ,5 0 3 ....M a r c h 3 0 S t e a m e r A s t r o n o m e r , 5 ,5 9 3 .
T o H a v r e — M a r c h 3 0 - S t e a m e r F i n s b u r y , 3 ,3 0 0 .
T o B r e m e n —M a r c h 2 5 - S t e a m e r D o n a u , 6 ,5 0 0 .
T o H a m b u r g - M a r c h 3 0 - S t e a m e r P o ly n e s ia , 2 ,2 0 0 .
T o B a rc e lo n a - M a rc h 2 4 - S te a m e r M a rt in S a e n z , 8 5 0 .
B A V a n n a h — T o B a r c e l o n a M a r c li 2 5 —S t e a m e r C h u r r u c a . 2 ,1 0 0 .
C h a r l e s t o n — T o B a r c e l o n a - M a r c h 3 0 —B r i g V i n z e n z o M a r z e l l a , 1 , 1 4 4 .
B o s t o n — T o L i v e r p o o l — M a r c h 2 1 — S t e a m e r B o s t o n i a n , 1 , 0 0 8 _____M a r c h
2 4 — S t e a m e r C a t a lo n ia , 7 0 0 . . . . M a rc h 2 7 —S t e a m e r C a m b ro m a n ,
2 ,7 0 3 .
T o L o n d o n —M a rc h 2 5 - S te a m e r O ra n m o re , 9 6 7 .
T o Y a r m o u t h —M a r c h 2 8 - S t e a m e r B o s t o n , 2 5 0 .
B a l t i m o r e —T o B r e m e n - M a r c h 2 4 — S t e a m e r D r e s d e n , 4 , 1 2 9 .
T o A m s t e r d a m —M a r c h 2 8 - S t e a m e r P . C a l a n d , 5 0 0 .
T o R o t t e r d a m — M a r c h 2 1 - S t e a m e r U r b i n o , 6 0 0 .............M a r c h 2 3 S te a m e r E d a m , 2 0 0 .
P h il a d e l p h ia — T o L iv e r p o o l— M a rc h 2 3 —S t e a m e r I n d ia n a , 4 0 2 .

Cotton freights the past week have been as follows:
Salur.

Mon.

332

33 2 ® 7e4

.. . .

.. . .

784

1 16

116

6C4'S '3. 2

Bf 4 ® 3£2

=32

B32

532

532

%

%

9 S4
%

964
%

964
%

... .

... .

.. . .

....

... .

L i v e r p o o l , 6 t e a m .d
Do

la t e r ..r f .

H a v r e , s t e a m . ..d.
Do

s m a l l lo t s .d .

.. . .

..d.

632

y . H a m b .r f .

9 «4

B re m e n , ste a m
Do

H a m b u rg , ste a m d .
Do

..................d.

A m s ’ d a m , s t e a m .e .

Tuet.
33 2 0 7 t?4

Wednes. Thurs.
33 2 ® 7€4

3J 9 BC 4 ® 382

25*

£0*

20*

20*

20*

. .. .

.. . .

... .

. .. .

B e v a l , s t e a m ____ d.

I'c i

.............................d.

” ,4

1 ] 64

“ 64

... .

. .. .

.. . .

... .

d.

732

7 S2

7 33

7 32

7 32

533

5f.5>

632

632

532

T r le s t e .v .L o n d ’ n d .

S16

S 16

3 1B

A n t w e rp , ste a m

,d.

;
■
;
£
'd
w
j
s

G e n o a , s t e a m . . . d.

B ’lo n a ,v i a M ’ s l ’ s

;
J

*1 6

716

... .

Do

J

.. . .

l a t e r . , c.

Do

Fri.

33 S ® 764

3i e
1 ] « '3 ’R»?4

S 1B

;
!
!

L iverpool.—By cable from Liveroool we have the following
statement of the week’s sales, stocks. &e., at that port:
Mch.

A c t u a l e x p o r t ..................................................
F o r w a r d e d ...........................................................
T o t a l s t o c k — E s t i m a t e d ..................
O f w h ic h A m e r ic a n — E s t lm ’d
T o t a l i m p o r t o f t h e w e e k ...............
O f w h i c h A m e r i c a n ..................... ...
A m o u n t a f l o a t ...............................................
O f w h i c h A m e r i c a n ........................ ..

S m a ll
in q u ir y .

413I6

4%

4%
fc*
«

5 ,0 0 0
200

8 ,0 0 0
1 ,0 9 0

7 ,0 0 0
1 ,0 9 0

5 ,0 0 0
500

Q u ie t a t
d e c lin e .

S te a d y a t
2-04 d e ­
c li n e .

D u ll a t
3 -0 4 d e ­
c lin e .

S te a d y a t
1 64 % 3-64
advance.

Easy.

S te a d y .

Q u ie t .

B a r e ly
ste a d y .

'd
c
a

Q u ie t b u t Q u ie t b u t
ste a d y .
ste a d y .

The opening, highest, lowest and closing prices of future0
at Liverpool for each day are given below. Prices are on
fche basis of Uplands, Low Middling clause, unless otherwise
stated:
. f a r The price* are given in pence and
and 5 0 1 means 5 1 * 6 4 d.

4 6 3 - 6 4 d.

d.

d.
M a r c h ............. 4 50
M c h .- A p r i l . 4 50
A p r il- M a y .. 4 50
M a y - J u n e .. 4 52
J u n e - J u l y . . 4 53
J u l y - A u g . . . 4 54
A u g .- S e p t .. 4 54
S e p t .- O o t ... 4 51
O c t .- N o v .... 4 49

4
4
4
4
4
4
4
4
4

50
50
51
62
54
55
55
51
49

d.
4
4
4
4
4
4
4
4
4

50
50
50
52
53
54
54
51
49

50
50
51
52
54
55
55
51
49

W e d ., M c h . 2 9 .
Open

d.
M a r c h .............
M c h .- A p r i l.
A p r il- M a y ..
M a y - J u n e ..
J u n e - J u ly ..
J u l y - A u g ...
A u g .- S e p t ..
S e p t .- O c t ...
O c t .- N o v ....

4 40
4 40
4 40
4 41
4 43
4 44
4 44
4 43
44L

High Low. Clos.
d.
4
4
4
4
4
4
4
4
4

42
42
42
43
44
46
46
44
43

d.
4
4
4
4

40
40
40
41

4
4
4
4
4

43
44
44
43
41

Open

d.
4
4
4
4
4
4
4
4
4

ths.

4
4
4
4
4
4
4
4
4

d.

d.

d.

46
46
46
47
49
50
50
43
46

446
4 46
4 47

4 44
4 44
4 44
4 45
4 40
4 48
448
4 45
4 43

4 41
444
4 44
4 45
4 47
4 48
4 43
4 46
4 44

4
4
4
4
4
4

48
49
51
51
48
40

4
4
4
4
4
4
4
4
4

45
45
45
47
48
49
49
47
45

High Low. Clos.
d.

d.

4 40
4 46
4 46
4 47
448
4 50
4 50
4 48
4 46

4
4
4
4
4
4
4
4
4

d.

45
45
45
47
48
49
49
47
45

4
4
4
4
4
4
4
4
4

40
46
40
47
48
50
60
48
46

F iT ., M c h . 3 1 .

High Low. Clos.

d.

d.

d.

d.

4 42
4 42
4 42
4 43
444
4 46

441
441
4 41
4 42
4 43
4 45
4 45

4 42
4 41
4 41
4 42
4 44
4 45
4 45
444
4 42

4 41
4 41
4 41
442
4 43
4 45
4 45
4 43
4 42

4 42
44L
4 41
4 42
444
4 45
4 45
444
4 42

4 43
4 42

O pen

d.

T h n r s ., M c h . 3 0 .
Open

mean s

63

T u o f l., M c h . 2 8 .

High Low. ClOS.

d.

d.

4 16
4 41
4 43

Thus . * 4

M o n ., M c h . 2 7 .

S a t ., M c h . 2 5 *

Oven High Low. Ol08.

64

£

B R E A D S T U F F S .
T

h u r sd a y

. M a ro h S O , 1 8 9 3 .

Early in the week the market for wheat flour was dull and
heavy, but Wednesday shippers took about 40,000 sacks lowgrade spring and winter for the U. K . at slight concessions in
value. Corn meal has been quiet but steady. Rye flour has
been moderately active at a shade lower prices. To-day the
market for wheat flour was quiet but steady. Corn meal was
dull and unchanged. To-morrow, being Good Friday, the
Produce Exchange will be closed.
The speculation in wheat has been quiet and values have
declined under dull and weaker advices from abroad, despite
an advance West, where prices have been forced up by specu­
lative manipulation. The spot market has been moderately
active and comparatively steady. The sales to shippers for the
week amount to about 500,000 bushels. Wednesday's business
included No. 2 hard winter at
under May delivered;
No. 2 red winter at J^c. under May f. o. b. from store and No.
1 Northern at 5 % @ 6 % c . over May deliverei. To-day the
market was a trifle stronger on reports of damage to the crop
in the Southwest by drouth. The spot market was fairly
active for export and steady. The sales included No. 2 hard
winter at lj^c. under May delivered, No. 2 red winter at
May price f. o. b. from store and No. 1 hard spring at 95gC.
over May delivered. No. 1 Northern quoted at 6}£c. over
May delivered.
D A I L Y C L O S IN G P R I C E S O P N O . Z R E D W I N T E R W H E A T .

* C e n t s p e r U )o lb s

B a l e s o f t h e w e e k .....................b a le s .
O f w h i c h e x p o r t e r s t o o k _____
O f w h ic h s p e c u la t o r s t o o k ..

j

M a rk e t, l
4 P. M. {

3 ,3 7 8
5 ,1 3 0
95
1 ,6 5 1
3 ,3 3 7
157

)

M o d e ra te
dem and.

F ir m e r .

478

4 ,0 0 0
500

8poo. & e x p .

3 ,0 6 9

Yarm’th,
Hull
Bremen
Barce- V. Oruz
t£ Ham- Ant- Iona & <&Yo/co
Liver■& Lon*
pool. don. Havre. burg. werp. Genoa. liama. Total.
7 ,2 0 0
2 ,7 5 0

4l518

M ld .t J p l’ d e .
3 ,2 0 0
238
490

S m a ll
I n q u ir y .

D a li.

7 ,2 0 0

The particulars of these shipments, arranged in our usual
form, are as follows:

H ew Y o rk .
N. O r le a n s .
G a lv e s to n .
S a v a n n a h ..
N o r f o lk ,...
B o s t o n _____
B a lt im o r e .
P h ila d e l’a ..

M a rk e t, )
1 :4 6 P . M . j

10.

Mch. 17.

Mch.

24.

Mch. 30.

3 7 .0 0 0
2 3 .0 0 0
2 9 .0 0 0
3 0 .0 0 0
2 ,7 0 0
2 ,0 0 0
1 ,8 0 0
1 ,0 0 0
1 ,1 0 0
1 ,0 0 0
500
3 0 .0 0 0
2 3 .0 0 0
2 5 .0 0 0
2 5 .0 0 0
6 ,0 0 0
1 0 .0 0 0
7 ,0 0 0
4 ,0 0 0
4 3 .0 0 0
4 2 .0 0 0
4 5 .0 0 0
4 1 .0 0 0
1 ,6 6 0 ,0 0 0 1 .6 5 4 .0 0 0 1 .6 5 4 .0 0 0 1 .6 4 1 .0 0 0
1 ,4 0 9 ,0 0 0 1 .4 1 1 .0 0 0 1 .4 0 7 .0 0 0 1 .3 9 2 .0 0 0
4 9 .0 0 0
4 6 .0 0 0
5 2 .0 0 0
3 3 .0 0 0
3 8 .0 0 0
4 0 .0 0 0
3 5 .0 0 0
2 2 .0 0 0
9 0 .0 0 0
7 0 ,0 C 0
6 0 .0 0 0
5 5 .0 0 0
8 0 .0 0 0
6 0 .0 0 0
5 0 ,0 0 0
4 5 .0 0 0

Sat.
M a r c h d e l i v e r y ...........................c . 7 4 %
A p r i l d e l i v e r y .............................c
74%
M a y d e l i v e r y ................................. o . 7 6
J u n e d e l i v e r y ...............................o . 7 6 %
J u l y d e l i v e r y ...............................o . 7 7 =s
A u g u s t d e l i v e r y ......................, o . 7 8 %
S e p t e m b e r d e l i v e r y ........... c . 7 8 = s
D e c e m b e r d e l i v e r y ........... o . 8 1 7e

Mon.

Tuet.

Wed.

Thurs.

743*
75%
763q
7 7 -4
77%
78%
79
823s

74=8
75
76%
77%
77%
78%
78%
82%

7418
74%
753a
76%
77%
77%
73%
8138

74%
75=s
76%
77%
78%
78%
81%

.. . .

Fri.
;
tu
2;
P-

i

Indian corn futures have been moderately active at declin­
ing prices. The West have been free sellers against c. i. f.
stuff, they being disposed to hurry their corn forward so as to
make roam for wheat, which is expected from the Northwest,
to be delivered on May contracts. The spot market has been
quiet and easy. The sales Wednesday included No. 2 mixed at
50J^@51c. in elevator, No. 3 mixed at 48%@49e., and steamer

THK

518

' HKONICLE.

[V

ol.

L V I.

The export demand for brown sheetings and drills has shown
rather more spirit, but no important engagements are
reported. In bleached shirtings there are signs of accumu­
lating stocks iu somi of the outside brands, b it the leading
makes are still well sold ahead to the shirting trade and
others. Prices o f both brown and bleached cottons are quite
firm in the majority o f makes, but are not rigidly adhered t o
in some quarters. Colored cottons are, with very few excep­
D A I L Y C L O S IN G P R I C K S O P N O . 2 M I X E D C O R N .
/.V
tions, in good condition, denims, tickings, plaid* and other
Wed. Thun.
8at.
Mon. Tue*.
51
51\
51
51
a
styles all being well sold ahead and very steady. Kid-finished
M a r c h d e l i v e r y ........................ o .
o
4
9
%
4
9
%
4
9
»
8
A p r i l d e l i v e r y .............................o
. 0. . 5 0 i f l
49%
cambrics and other linings are also in good shape. Cotton
49%
49%
49%
M a y d e l i v e r y ............ .................... 0
o,. 4 9 ^
48%
s
fimnelshave been well ordered for future delivery. White
p
48 H
48%
48%
J u n e d e l i v e r y ............................. o.
491*
49%
4938
48%
goods are quiet. Print* are slow in second hands, with agents
49
49
J u l y d e l i v e r y ............................. -0
o. . 4 9 %
Oats have been fairly active and the market has declined practically doing nithing. and gingham i outs'de of leading
under free selling against c.i.f. shipments from the We3t. fine dress styles are no better situated. Two special sales of
To-day the market advanced early with wh°at and corn, but printed tissues (formerly lO^c. per yard) at 7%c. and 6%c. by
two jobbing houses during the week were indifferently suc­
subsequently realizing sales by “ longs” caused a reaction.
cessful. Print cloths are unsteady, with little doing; the qu o­
D A I L Y C L O S IN G C R I C K * O P N o . 2 M I X K U O . T S
tation for 64 squares is nominally 3%c., but there are no bids
Sai
Mon.
Tuck
Wert
T'i u - ,
FVi .
over 3%c. per yard. Odd counts are also dull, with buyers
A p r i l d e l i v e r y .............................e .
37%
34%
3 >%
36%
36%
w
M a y d e l i v e r y ................................ o . 3 6 %
36
33%
35%
35%
asking concessions from current prices.

mixed, 49%<650c. To-day the market advanced during early
“’Change on a demand from “ sh rfs” to corner contracts
stimulated by light receipts, but later selling by “ longs” to
realize profits nau-el the improvement to be loit. The spot
market was quiet and easier. The sales included No 2 mixed
at 50X<g50%c. in elevator, No 3 mixed at 48J^ d4dj^c. in
elevator and steamer mixed at 49J£'849%c. in elevator.

J u n e d e l i v e r y .............................o ....................
J u l y d e l i v e r y .................. ........... o . 3 6 %

36
36

36
36%

35%
35%

35%
35%

so
7*

Rye has been dull but about steady. Barley has been quiet
and somewhat unsettled. Buckwheat has been "firm at 61c.

Stock o f Print Oloths —
H e ld b y P r o v id e n c e m a n u f a c t u r e r s .
F a l l R i v e r m a n u f a c t u r e r s ..............................
T o t a l s t o c k ( p i e c e s ) ....................................

P a t e n t , w i n t e r ............... $ 3 6 5 ® $ 4
F i n e ............................. « h b l . S I 8 0 - ® S 2 0 0
3 90 9 4
C i t y m i l l s e x t r a s ............
1 90-® 2 3 0
B a p e r f l n e ____ . . . . . . . .
3 00® 3
2 10® 2 4 0
R y e f lo u r , s u n e r lin e .
E x t r a , N o . 2 ........................
2 4 0 ® 3 0 0 B u c k w h e a t f l o u r ............. 2 0 3 ® 2
E x t r a , N o . 1 ........................
2 75® 3 3 5
C o r n m e a l—
C le a r s
........................ ..
2 60® 2
W e s t e r n , & o .....................
B t r a i ^ h t e .................................. 3 3 0 ® 4 1 5
2 80
B r a n d y w i n e __________
P a t e n t , s p r i n g ....................
4 15® 4 60
[ W h e a t f lo u r i n s a c k s s e lla a t p r ic e s b e lo w t h o s e t o r b a r r e l s .]

15
00
30
15

1893.
24
2 1 ,0 0 0
1 8 ,0 1 0

March

1892.
25.
N one.
N one.

March

3 9 ,0 0 0

1891
26
3 9 7 ,0 0 0
1 9 2 ,0 0 0

March

N one.

5 8 9 ,0 0 0

—Bisiuess ia this dspartmmt
has again ruled slo w throughout for men’s wear materials.
The demand for supplies of spring-weights his bee i cheeked
by the prolonged cold ; the trouble with the “ cutters” in this
76
city has caus id some uneasiness, and some unexpected stocks
of light-weight worsteds have been disclosed in agents’
G R A IN .
hands. Thus while the market generally has shown no re­
e.
0.
C.
C o r n , p e r b u s h .—
C.
lapse from previous steadiness, there has been some cutting
W h e a t .—
46
® 52
86
W e s t’n m ix e d . . . . .
S p r in g , p e r t r a s h .. .
66
®
of prices where agents have grown uncomfortable. Fall
74^4®
S t e a m e r N o . 2 ..............
4 9 1 *®
5 0 i*
R e d w in t e r N o 2 . .
75 %
weights were quiet all riund so far as new business was
® 79
R e d w i n t e r ..................... 6 0
W e ste rn y e llo w . . .
48
® 63
concerned, but are in free delivery on previous orders. Over­
80
49
®
54
W h i t e . ...................................... 6 1
®
®
39
O a t s —M i x e d . . $ b n . 3 7
R ye—
coatings and cloakings are also quiet and moderate orders
W h i t e . . ................................. 3 9
®
W e ste rn , p e r b u s h .
56
® 63
48%
are recorded for satinets, cotton-warps, &c. The demand for
N o . 2 m i x e d ..................
37 % ® 3 8 %
63
8 ta te a n d J e r s e y ..
56
®
flannels and blankets has been well-sustained, and'further
N o . 2 - w h i t e . . ...............
4 0 *2 3
4 1 1*
B a r le y — N o . 2 W e st’n . 6 0
®
75
S t a t e 2 - r o w e d ............
65
n 67
considerable engagements have been made f >r fall. Dress
7
3
®
S t a t e 6 - r o w e d ............
76
goods for next seas >n are being well ordered by jobbers, and
F o r oth er tab les u su a lly given here see page 5 2 8 .
some of the leading manufacturers are now getting into a
very satisfactory coudition with their ooatracts.
Foreign Dry G o ids —The feature of this department
T HE DRY GOODS TRADE.
during the week is the evidence of a declining season shown
N e w Y o r k . F r i d a y , P . M .. M a r c h 3 1 ,1 8 9 3 .
by reduced prices on specialties and novelties in dress goods
With the market in its present condition it is difficult to and other merchandise, the cuts being irregular ia extent but
general in application. All staple fabrics a>e stead? for im­
avoid repetition in the weekly reports, the changes in charac­ mediate delivery, and the higher prices on silks and linens for
ter being either too slight or in line with what has been pre­ fall preriously reported are well adhered to.
viously indicated. This week, for instance, the demand for I m p o r t a t io n s a n d W a r e h o u s e W it h d r a w a ls o f D r y G o o d s .
current requirements has shown little, if any, increase over
The importations a id wir h rase withdrawals of dry goods
what was recorded last week, but a large outward movement at this port for the week ending March 30, and since Jan. 1,
of merchandi-e has been iu progress from mills and ware­ 1893, and for the corresponding periods of last year are as
follows:
houses to distributing markets. Prices have undergone no
g
H B
H g
g
S
change in any direction of a quotable character, but assidu­
o
sSN Sl
t S g is
O e,i I—Q n B
ous buyers still discover quarters where concessions from
g f» k S o g :
p £ £ g u ff » o £■
>— . • O
y
C O*7
open quotations are obtainable in domestics. And they find,
2; ; 0 1 ©
too, a number of agents still so well situated that they can
Si i i i I
afford to be quite independent of the course adopted by their
e: : : ; ®
less fortunate neighbors. In sentiment the market is less
P T.
B
3
confident on cotton goods. There are few, even among
agents, who do not think that the “ top notch” has been
reached, and there are many among buyers who believe that
^ CO U K J *-* © *(-‘ ©-'Wif*
© H © M W if*
woo
opportunities for making more favorable purchases will in­
-i CVI
*—1O 7C if* Ch
WX©©<3
o> CO to O to w co
'©
>. ! O'
Ai O' wO
if* © tf* © if*
C
O
O
'
W W © tO <3
— © ^1© w
CO t
crease in the near future in a number of all the-year-round
SB
3
*
JO
to
makes. Tne ordering of fall supplies in cotton flannels, wool
«feg
lOifA
W W -3 W W
l o ifO
C
O
C
O
C
C
tfc. TO i-* C
© tO © © -1 I
hU to
blankets and flannels has been fairly liberal. The jobbing
P ' -3 W O 0 3 9
05O
’©
C
D
©O'
05 05
trade has ruled very quiet throughout and no material im­
b b © © b
©
<JGO <olo'*-‘ 03<l
-1-1 O' if* W —1©
-' ^
3if* X C
O
-3 — C
C*- if*©<3
<100 —3 X O M *
provement is looked for until warmer weather gives an im­
<1 © X CO00
O' to © W if*© ©
O' CO © < J lf * H X
petus to the demand for light fabrics.
D o m e s t i c C o t t o n G o o d s . — The exports of cotton goods
to p o to o 105
from this port for the week ending March 30 were 5,511
CO-f* to w 00 W O'
to © to x ©
0C - I b © © b b
© if* to © ©
O
' © -I -I ©
-JM
-1 CO OOICOT-W
packages, valued at $272,205, their destination being to the
» Q H lfA-1
005
© <3 © i-* W
©<1 —I © © © ©
points specified in the table below:
-------------------- ---- ------ w
1892.

1893.
N

ew

y o b k

to

M

a r c h

28.

Week. Since Jan.

1.

Week.

G r e a t B r i t a i n ............................................
O t h e r E u r o p e a n ...................................
C h i n a ...................................................................
I n d i a ......................................................................
A r a b i a ..................................................................
A J r i c a ...................................................................
W o s t I n d i e s ..................................................
M e x i c o ................................................................
C e n t r a l A m e r i c a ...................................
S o u t h A m e r i c a . ......................................
O t h e r c o u n t r i e s ......................................

29
30
9
139
1 ,0 5 0
3 f * '4 1
438
72
141
540
22

1 ,0 3 i
232
5 ,8 1 4
916
2 ,8 6 4
4 ,7 5 2
4 ,9 8 9
512
1 35 i
1 1 ,6 7 4
623

301
12
21
75
150

T o t a l ...........................................................
C h i n a , v i a V a n c o u v e r ............

5 ,5 1 1

T o t a l ...........................................................

[S in c e

Jan.

D

£
I .

P

o o le n

M M M tO
tO to b b b
05 05 -3 ©CO
jf*bG©©
JO

o-i
cr - i
©oo

© X w b b
W O' CO to OO
05 COW 05 M

H
0

05 if*.

MCOW * if*
WOOC 05 01
GOCO CO© If.

208
166
133
o n
54

^
“
£
£
W
®
S

... .

3 4 ,7 6 0
8 ,2 6 8

2 ,1 0 1 I
...

5 9 ,5 6 8
3 ,6 ) 0

to
^

5 ,5 1 1

4 3 ,0 2 3

2 ,1 0 1 1

The value of the New York exports since January 1 have
been $2,012,782 in 1893-against $3,046,532 in 1892.
The demand for low count light-weights in brown goods
referred to last week, has been fairly well kept up this week’
but in other makes only moderate wants have been disclosed!

COW
COCO
-1 O'

W

«

1 ,2 7 0
469
3 0 ,9 6 1
1 ,9 8 2
2 ,6 7 3
3 ,9 0 2
4 ,I f 6
1 ,0 7 4
1 ,6 5 0
1 0 ,6 4 1
790

6 3 ,1 6 8

o m e s t ic

2

1-00'

CO ©

G

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GO ©
<1 CO

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cc ©
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to ©

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to -3
o ow
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if* i-* — -3 ao
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to © cjob ©
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to to COOOP

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A p r il 1 , 1 8 9 3 ,]

THE CHRONICLE.

549

wr

has never defaulted in the payment of interest or principal o f
any of its obligations. The total debt of the city is at present
$705,630, including a water debt of $190,000 ; cash on hand, '
$82,000 ; assessed valuation, $11,800,000 ; real value of prop­
TERMS OF SUBSCRIPTION.
erty, $45,000,000 ; city property appraised at $1,193,000 ; pop­
C om m ercial a n d F in a n c ia l CII RO.VTCLU con­ ulation in 1892 was 32,170.
tains 4 0 to 6 4 pages published every week.
Casa Grande, Ariz.—The people of this place voted at a
State a n d City S up p lem en t of C H R O N IC L E con­ recent election in favor of issuing $6,000 of bonds for the pur­
pose of building a school house.
tains 180 pages published several times each year.
Chamber,-burg, Pa.—Borough Treasurer E. J. Black writes
In vesto rs’ S up p lem en t of C H R O N IC L E (a Oyclo us that 4 per cent electric light bonds to the amount of $10,000
psedia of Railroad Securities) contains 1 6 0 pages published have been sold at par to local investors. The securities are
optional after one year from date, but may run for thirty
#very other month.
years.
Cincinnati, Ohio.— (State and C it y S upplement , page 77.)
Subscription to CHRONICLE for one year $ 1 0 .0 0 ,
—City Auditor D. W . Brown will receive bids until April 12,
which includes every issue of both Supplements,
1898, for $200,000 of 4 per cent sewer bonds, payable June 1,
1932, and redeemable on or after June 1, 1912.
Bonds of this city to the amount of $100,000 for the Cincinnati
T h e p u rp ose o f this State a n d City D e p a r tm e n t
University have been authorized by the Legislature.
is to furnish our subscribers with a weekly addition to and
Clarke County, Ohio—The com missioners of Clarke County,
continuation of the State and City Supplement. In other
Ohio, oiler for sale on April 20, 1893, bonds of Clarke County
words, with the new facts we shall give, the amplifications to the amount of $35,000, to be dated April 1, 1893, bear inter­
and corrections we shall publish, and the municipal laws we est at the rate of 6 per cent per annum, semi-annually ; to be
shall analyze in the “ State and City Department,” we expect coupon bonds, and be payable as follows : $2,000 on the 1st
to bring down weekly the information contained in the day of March and $2,000 on the 1st day of September in each
of the yearsT894 to 1900, both inclusive, and $3,000 on the 1st
State and City Supplement to as near the current date as day of March, 1901, and $4,000 on the 1st day of September,
possible. Hence if every Subscriber will note in his Supple­ 1901.
ment on the page designated at the head o f each item a
Cleveland, Ohio.—(State and Cit y Supplem ent , page 78.)
reference to the page where the item in the Chronicle can —Bonds of this city to the amount of $247,000 have been
by the Legislature for the fire department and
be found, he will at all times possess a complete and fresh authorized
$300,000 for the reconsl ruction and re-paving of bridges.
cyclopaedia of information respecting Municipal Debts.
Colorado.—(State and Cit y S upplement , page 131.)—The
bill submitting to the voters of the State an amendment to
the Constitution—which amendment is to permit the creating
V irginia Debt.—The holders of Virginia securities are of a bonded indebtedness of $1,500,000 to fund the outstand­
anxiously awaiting the action of the Commission of Distribu­ ing obligations—has been passed by the Legislature.
tion of the Virginia Debt. The Hon. Edward J. Phelps, who
Columbia Township, Hamilton Connty, Ohio.—A bill has
is one of the members of this commission, is now in Paris in been passed by the Legislature authorizing the trustees of
the matter of the Behring Sea arbitration. The other two this township to issue bonds for the construction of sidewalks
on the Edwards Road and Erie Avenue.
members, Mr. John Henry Daniel and Mr. S. N. Braithwaite,
Columbus, 0.—(State and C it y S upplement , page 78).
are both in London, and a meeting cannot now be loDg de­ —On April 3d an election will be held in Columbus to vote on
layed.
the question of allowing the Franklin Park Commissioners to
A recent report made by Hon. Joseph Ryland, Jr., Second issue city bonds for park improvements.
An ordinance has been passed authorizing $60,000 of police
State Auditor and Presidentof the Sinking Fund Commission,
deficiency bonds.
shows that the total amount of the State’s indebtedness un­
Connellsville, Pa.—A special election will be held in this
funded on January 1, 1893, was $3,810,100 79. The total place to vote on the proposition o f issuing $40,000 of bond3
amount of principal and interest funded through the Bond­ for paving purposes.
holders’ Committee was $24,125,398 50 and the amount funded
Coshocton County," Ohio.—Authority lias been granted
through the Commissioners of the Sinking Fund was $438,- this county by the Legislature to issue $25,000 of bonds for
bridge purposes.
161 86.
Cuyahoga County, Ohio.—A bill has been introduced in the
B o n d P ro p o sa ls a n d N e g o tia tio n s.—We have re­ Ohio Legislature authorizing the Commissioners of this county
to issue $225,000 of bonds for the purpose of constructing an
ceived through the week the following notices o f bonds armory.
recently negotiated and bonds offered and to be offered for
Dayton, Ohio.—(S tate and Cit y S upplement , page 79.)—It
sale.
is reported that $200,000 of paving bonds and $100,000 of
Ann Arbor, Mich.—City Clerk W . J. Miller notifies the sewer bonds, both loans bearing interest at the rate of 5 per
Chronicle that on March 20th the citizens of that place voted cent, have recently been sold at $1H-87, and also paving bonds
in favor of issuing sewer bonds to the amount of $30,000. As to the amount of $28,000 bearing interest at the rate of 6 per
soon as a decision has been made in'regard to the date of sale, cent at 109-27.
prompt notice will he given in these columns. Fifteen-year
Delhi, Ohio.—Slreet improvement bonds of this village tobonds will probably be issued.
the amount of $3,000 have been authorized by the Legislature.
Ashtabula, Ohio.—(State and Cit y Supplement , page 77).
Dillon, Mont.—The people of this place will vote at an elec­
—An ordinance providing for the issue of public building tion to be held this month on the proposition of issuing 6%
bonds to the amount of $15,000 has been repeated, in order to per cent bonds to the amount of $50,000 for water purposes.
insure the carrying at an election to be held next monih of The bonds will be of the denomination of $1,000 each and will
the proposed issue of $15,000 of bonds for the purpose of en­ become due 20 years from date i f issue, but subject to call in
larging the electric-light plant.
10 years.
Bellevue, Pa.—Mr. A. McIntosh, Treasurer of Bellevue,
Douglas Co., Neb.—(State and Cit y Supplement , page
writes us that an issue of paving bonds is under considera­ 118).—Bids will be received until April 24th by F. J. Sackett,
tion, but that no definite action has as yet been taken in the County Clerk, for 4% per cert railroad b inds to the amount
matter.
of $150,000. The present debt of the county is $546,000;
Boulder, Colo.—(State and City Supplement , page 132.)— total assessed valuation, $25,739,851; tax rate (per $1,000),
An election will be held in Boulder on April 4th to vote on $22 95.
the question of issuing new bonds for $33,000. The interest?
Durango, Colo.—An election will soon take place at
rate and time of the loan have not yet been decided upon.
Durango to vote on the proposition of issuing $30,000 of
Bristol, R. I . - (State and City S upplement , page 33).— bonds for a sewerage system. It is also reported that bonds
A t a recent town meeting in Bristol Treasurer George H. Peck to the amount o f $15,000 will be issued for the purpose of
was authorized to issue 4 per cent 5-year town notes to the completing the water works.
amount of $15,000.
Galiou, Ohio.—(State and C it y Supplement , page 80.) —
Buchanan, Mich.—The people of this place have voted 410 A bill has been introduced in the Legislature authorizing
to 18 in favor of issuing bonds to the amount of $50,000 for j Gallon to issue $10,000 of bonds for park purposes.
water works purposes.
Gibsonb-irg Special School District, Ohio.—Ibis district
Bucyrus. Ohio.—(State and Cit y Supplement , page 77.)— ! has been authorized by the Ohio Legislature to is-ue $15,000
A bill has been introduced in the Legislature authorizing , of bonds for the purpose of constructing a new school-house.
Bucyrus to issue $10,000 of bonds for park purposes.
Gloversville, N. Y.—(State and Cit y S upplement , page
Canton, 0 .—(State and Cit y S upplement , page 77.) City 47).—City Clerk F. H. Wilmarth writes us that on March 28
$23,000
of 3% per cent refunding bonds were sold to Isaac W .
Clerk William Lichtenwalter writes the Chronicle that on
April 22d bids will be opened for $5,000 o f 5 per ceDt street Sherrill at 101%. The loan will rna'ure April 1, 1913
improvement bonds da'ted June 1, 1893, and maturing at the 1 Grover Hill Special School District, Ohio.—This district
rate of $1,000 yparly. Semi-annual interest will be payable has asked authority of the Legislature to issue $3,000 of bonds
at the office of Kountze Brothers in New York City. Canton for the construction of a school-house.

S t a t e /two C ity D w t t T M E i n .

TH E

550

CHRONICLE.

Hamilton County, Ohio.—(State and Cit t S upplement ,
page 80.)—The commissioners of Hamilton County have been
authorized by the Legislature to issue bonds of this county
for the improvement of Michigan and Shaw avenues in Col­
umbia township, and to assess the same on abutting property.
Hempstead, N. Y.—The people of the town of Hempstead,
N. Y ., will vote April 4th on the question of issuing road
bonds to the amount of $420,000, to mature $20,000 in thirty
years and $20,000 yearly thereafter.
Hempstead Union Free School D istrict No. 18, N. Y.—On
April 4th $5,000 of twenty-five-year five per cent bonds will
be sold at Far Rockaway by F. D. Doolitiie, clerk.
Hiawatha, Mo.—The citizens of Hiawatha will vote at the
city election on the question of issuing $10,000 of schoolhouse
bonds. It is thought probable that the bond proposition will
carry.
Holyoke, Mass.—(State and City Supplement, page 25.)—
Authority has been granted this city by the Legislature to
borrow $250,000 for sewer purposes."
Idaho.—(State and City Supplement, page 130.)—State
Treasurer W . C. Hill writes the Chronicle that by an act
passed by the Legislature of 1898, he is authorized to sell to
the highest bidder $135,000 of five per cent 10-20 year bonds
o f $1,000 each. The proceeds of the sale are to be used in the
construction of wagon roads in that State. Sealed bids, ac­
companied by a certified check for $1,000, will be opened on
April 10, 1893, and the contract made with the highest re­
sponsible bidder. Bonds are to be delivered from time to
time as the money may be wanted for the work of construc­
tion. Interest and principal will be payable at the office of
Wells, Fargo & Co. in N. Y. City.
f in a n c ia l st a t e m e n t , m a r c h ,

1 89 3 .

E s t i m a t e d p o p u la t io n o f S t a t e , 1 8 9 2 , w a s 1 2 5 ,0 0 0 .
E s t i m a t e d v a l u e o f r e a l a n d p e r s o n a l p r o p e r t y , 1 8 9 2 .. $ 9 3 ,4 9 0 ,1 9 8 0 0
A s s e s s e d v a l i e o f r e a l a n d p e r s o n a l p r o p e r t y , 1 8 9 2 . . . $ 3 1 ,1 6 0 ,0 6 6 0 0
A s s e s s e d a t S S ^ j e s t im a t e d v a lu e .
B o n d e d i n d e b t e d n e s s , 1 8 9 2 .....................................................................................
O u t s t a n d i n g w a r r a n t s , e s t i m a t e d .................................................................

$ 2 5 3 ,0 0 0
$ 8 5 ,0 0 0

00
Oo

Regarding the State wagon roads, Governor Norman B.
W illey made the following statement in his biennial message
N E W

B O

C I T Y

dated January 2,1893: “ The State can make few more ju ­
dicious expenditures than those developing its mineral re­
sources, and the construction of roads is an important means
to this end.”
Lincoln, 111.—The Board of Education of Lincoln has proosed issuing bonds to the amount of $100,000 for new school
uildings, and an election to vote on this proposition will be
held on the same day as the city election.
Little Falls, N. Y.—(State and Cit y Supplement , page 49).
—Funding bonds to the amount of $10,000 have been awarded
to the Utica Savings Bank for a total premium of $225. The
bonds will mature at the rate o f $1,000 yearly, beginning
July 1,1893.
Long Island City, N. Y.—(S tate and Cit y Supplement ,
page 49).—City Treasurer F. W . Bleckwenn notifies the
Chronicle that $522,500 of Long Island City 4J^ per cent
street improvement bonds were sold on Tuesday to Daniel A.
Moran & Co. at 100-63. The bonds are of the denomination
of $500, dated March 1st, 1893, and will be payable as follows :
$81,500 on November 1st, 1898; $81,500 November 1st, 1899 ;
$81,500 on November 1st, 1900 ; S81,500 on November 1st,
1901 ; $81,500 on November 1st, 1902, and $115,000 on March
1st, 1913.
The following is a record of the prices received for other
bonds recently issued by this city :
Bate o f Sale.
F e b r u a r y , 1 8 9 3 ....................................................
N o v e m b e r , 1 8 9 2 ..................................................
A u g u s t . 1 8 9 2 ...........................................................
A u g u s t , 1 8 9 2 .............................................................
A u g u s t , 1 8 9 2 .............................................................

O F

N D S .

N E W

4^

419
4%

413

2 0 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0
3 0 ,0 0 0

Time.
10
10
10
10
10

Award.

y e a rs .
y e a rs .
y e a rs .
y e a rs .
y e a rs .

1 0 3 -2 5
1 0 1 -5 6
10 4 -2 7
1 0 4 -2 5
1 0 1 -1 3

LO A N S.

8 5 ,2 5 0 ,0 0 0
STA TE

OF

SO U TH

C A R O L IN A

41 Per Cent Bonds,

A N A C O N D A ,

M ONTANA.

Rate. Amount.
413 $ 7 5 , 0 0 0

Lucas County, Ohio.—(State and Cit y Supplem ent , page
81.)—An election will be held in Lucas County on April 3d to
vote on the question of issuing court house bonds to the
amount of $500,000. The securities, if issued, will probably be
30-50 year 4s.
Madison, Wis.—(State and C it y S upplement , page 99.)—
There is a current report to the effect that the city of Madison
has recently sold paving and sewer bonds to the amount of
$300,000 and street and sewer bonds to the amount of $23,000.

LO A N S.

815,000

[V od. L V I.

IS S U E D F O R T H E R E D E M P T IO N O F A N E Q U A L A M O U N T O F M A T U R IN G 6 P E R
CENT BONDS.
D a e J a il. 1 , 1 9 3 3 , b u t R e d e e m a b le a fte r 1 9 1 3 .

Coupon or registered, and interchangeable.
Sealed proposals will be received at the office of
the City Clerk, City o f Anaconda, Deer Lodge County,
INTEREST PA Y A B LE JAN. AND JU LY 1 IN NEW YORK, CHARLESTON OR COLUMBIA.
Montana, until twelve (12) o ’clock M., on April 3d,
A . D., 1893. for the purchase o f public improvement
bonds o f the City o f Anaconda, Deer Lodge County, Sinking Fund §75,000 Per Annnm, Cumulative, Secured on Phosphate Royalties*
Montana, to the amount o f fifteen thousand ($15,000) A n d t h i s S i n k i n g F u n d to be in v e s t e d in th e s e b o n d s i f o b t a i n a b l e a t r e a s o n a b l e p r i c e .
dollars, to be of the denominations o f five hundred
BONDS AND CERTIFICATES “ FREE FROM A L L STATE, COUNTY AND MUNICIPAL TAXES
($500) dollars, or one thousand ($1,000) dollars each,
W H ATSOEVER” IN TH E STATE OF SOUTH CAROLINA.
as may be most desirous or practicable, and to be
numbered from one to fifteen or one to thirty, to SO MUCH OF TH E C AP IT A L STOCK OF A L L BANKS, OR CORPORATIONS OF A N Y KIND W ITH IN
bear date May 1st, A. D., 1893, and redeemable at
TH E STATE, W HICH IS OR SH ALL BE INVESTED IN THESE BONDS “ SH ALL BE EXEMPT
the option o f the city in ten (10) years and payable
in twenty (20) years irom date o f issue, to bear in­
FROM A L L STATE, COUNTY, TOW NSHIP, MUNICIPAL, OR OTH ER TA XA T IO N .”
terest at the rate o f six (6) per cent per annum,
interest coupons payable semi-annually—July 1st
C o u p o n s a n d I n te r e s t o r d e r s a r e r e c e i v - j bonds, and having already sold $2,000,000, now offer
and January 1st—at the office o f the City Treasurer
e f the City o f Anaconda, Montana. Said bonds are a b le in p a y m e n t o f S t a t e t a x e s (e x c e p t f o r $2,000,000 additional at 102&& and accrued interest to
Issued under authority o f sub-division 9. o f section
date o f payment.
ilie
s u p p o r t o f th e p u b lic s c h o o ls ), a n d th is
825, fifth division, general laws o f Montana, muni­
Brown Consols will be received in payment at par
cipal incorporation act o f Montana, and o f an act ap­ t a x - r e c e i v a b l e p r o v is io n is m a d e a c o n t r a c t and accrued interest to date o f receipt.
proved September 14th, 1887, entitled “ A n A ct to b e t w e e n t h e S t a t e a n d th e h o ld e r b y th e
Payments to be made to this company, or to the
Enable Cities and Towns to Incur Indebtedness,”
Treasurer o f the State o f South Carolina, at Colum­
and o f sections 1 and 2 o f an act approved Feb. 28, a c t .
1889, to amend sections 1 and 2 o f “ A n A ct to Enable
A n y t r u s t e e , e x e c u t o r , g u a r d i a n , c o m ­ bia, on or before May 15.
Cities and Towns to Incur Indebtedness,” approved m i t t e r , c l e r k o f th e c o u r t , & c ,, w h o h o ld s
On payment, receipt? o f the Treasurer o f the State
September 14th, 1887; and also o f section 1 o f an act
will be issued, exchangeable fo r bonds as soon as
approved March 5th, 1891, to amend section 1 o f an th e p r e s e n t S t a t e b o n d s , w h ic h a r * to b e engraved.
act to amend “ A n A ct to Enable Cities and Towns r e fu n d e d , is v e s t e d w i t h th e a u t h o r i t y to
The bonds are offered subject to previous sale, and
to Incur Indebtedness,” approved February 28th, e x c h a n g e H ie s ” b on d * f o r th e n e w
p e r the right to advance the price without notice is
1889.
cen t b o n d s *‘ A t tt»e r u li n g r a t e s ,” a n d th e y
T he bonds are issued fo r the purpose o f providing a r e d e c la r e d t r e e f» om a n y l ia b i li t y o r a c ­ reserved.
a site fo r and erecting a City Hall building in the c o u n t a b i li t y to t h e ir s e v e r a l t r u s t s b e c a u s e
All applications fo r the above bonds must be made
City o f Anaconda, Montana.
to this company, and applicants will indicate whether
o f su ch a c t i o n .
Dated at Anaconda, Montana, this 14th day o f
they desire to make payment and accept deliveries
February, 1893.
A syndicate, represented by this company, has in Baltimore, or at the Treasurer’s office in Colum­
JOHN C. ENGLISH, City Clerk.
purohased the entire issue o f the above-described bia, South Carolina.

$ 3 4 5 ,0 0 0
4

C I T Y

P E R

C E iN T

O F

B O N D S,

M E R ID E N .

In pursuance of, and by authority o f the General
Assemb’ y o f the State o f Connecticut, the City of
Meriden will issue $345,000 bonds, as follow s :

$135,000 Sewer Bonds,
$210,000 Water Bonds,
Dated May 1st, 1893.
Said Bonds bear interest at the rate o f 4 per
<3ent, payable semi-annually. May and November, at
the Importers’ & Traders’ National Bank, New York.
T h e h e w e r B o n d - m a t u r e $1 o , 0 0 0 encli y e a r

4,
Commencing May 1st, 1900.
' n o n a t e r R o n d s um t u r e # 2 0 , 0 0 0 e a c h y e a r
R
Commenclr g May 1st, 1901.
bids fo r the sale o f the same are invited,
i .cbids to be opened in the office o f the City Treas\ J <7 1 14 P. M.. April 20,1*93.
Eond8 are expected to be ready fo r delivery May
, ’ f^ ot they will be sold with accrued interest,
in cC ity reserves the right to reject any or all bids
r c tsatisfactory. Bids to be directed to
C. S. PERKINS, City Treasurer.

The Baltimore Trust & Guarantee Co.,
B y R O B E R T C . D A V I D S O N , P r e s id e n t .

Ba l t im o r e , March 25,1893.
B O N D

P ettis

C

A

L L .

C oun ty,

M o.

Notice is hereby given that the outstanding bonds
o f Pettis County, Missouri, known as “ Pettis County
Funding Bonds.” being now subject to call and p >yment, the following o f said bonds will be paid, prin­
cipal and accrued interest, at the American Ex­
change National Bank o f New York, in the City and
State o f New York, on the first day o f May, 1893, to
wit:
Bonds numbered from One (1) to One Hundred
(100) inclusive, for Five Hundred Dollars ($500)
each, dated May 1,1888.
The holders o f said bonds will take notice that
said bonds and accrued interest will be paid as above
Btated and that th* interest on all o f said bonds
called will cease on May 1,1893.
Witness my hand and official seal this 22d day o f
May, 1893.
THOMAS. F. MITCHUM, County Clerk,
[SEAL.]
Pettis County, Mo.

F I R S T lillO B T G A C E 6 P E R
CENT ST R E E T R A IL ­
W A Y BONDS.
P R IN C IP A L
AND
IN T E R ­
E S T P A Y A B L E IN
GOLD.

F IS H E R

&

SHAW ,

BANKERS,
B A L T I M O R E , K ID .
P A R T I C U L A R S ON A P P L I ­
C A T IO N .

A

p r il

THE CHRONICLE.

1 , 1 89 3 . J

551

A letter received this week from O. S. Norsman, city clerk,
Newnan, (la.—An election held in this place on March 27
states that this report is an erroneous one and that no such to vote on the proposition of issuing $50,000 of water works
bonds resulted in favor of the issue by a vote of 288 to 19. •
bonds have been issued.
Massillon, Ohio.—The city council of Massillon has author­
Newport, R. I.—( S t a t e a n d C i t y S u p p l e m e n t , page 34.)—
ized the issue of §10,000 of bonds for paving purposes.
City Treasurer David M. Coggeshall writes us that on April
MeGrawville, N. Y.—This village has asked the authority 5th a special election will be held to vote on the question of
of the Legislature to borrow $8,000 to build an engine issuing bonds to the amount of $128,000. The securities will
probably be 4(per cents and run thirty years, both interest
house and a village hall.
and principal being payable in gold.
Menominee Falls, Wis.—The proposition to issue bonds of
Newton, Mass.—( S t a t e a n d C i t y S u p p l e m e n t , page 28.)—
this place for fire protection was defeated at a special election.
The Massachusetts Legislative Committee on Cities has re­
Meriden, Conn.—S t a t e a n d C i t y S u p p l e m e n t , page 38.)— ported favorably on the proposition to allow Newton to borrow
Bids will be received until April 20 by C. S. Perkins, City $750,000 outside the city debt limit for sewers.
Treasurer, for 4 per cent water bonds to the amount o ' $210,New York City.—( S t a t e a n d C i t y S u p p l e m e n t , page 50.)—
000 and $135,000 of 4 per cent sewer bonds. The securities A bill is before the New York Legislature to authorize New
will be dated May 1, 1893, and the sewer bonds are to mature York City bonds to the amount of $1,000,000, to pay for the
at the rate of $10,000 yearly, commencing May 1, 1900, while purchase of Ward’s Island.
Niles, Ohio.—Authority has been granted by the Legisla­
the water bonds will fall due at the rate of $20,000 yearly,
beginning May 1, 1901. The bids will be opened at 4 P. M. on ture to issue $8,000 of bonds for the erection of a new schoolhouse.
the day above mentioned by a committee composed of the
Ohio.—A bill has been introduced in the Ohio Legislature
Mayor, City Treasurer and City Clerk, and the bonds are ex­ authorizing the municipalities of the State to issue bonds for
pected to be ready for delivery on May 1, 1893. The total sanitary purposes in case the Asiatic cho’ era becomes epidemic
debt of the city on December 1, 1892, was $540,725, of which in this country.
$360,000 was for water.
Parkersburg, W. Ya.—An ordinance is being considered
An advertisement elsewhere in this Department gives further which prdvides for the issuance of bonds to the amount of
$10,000 for city hospital purposes.
particulars concerning the sale o f the new securities.
Pawtucket, R. I .—( S t a t e a n d C i t y S u p p l e m e n t , page 34).
Mifflinbnrg, Pa.—The citizens of this borough have voted —Bids were received on March 25 by Frank M. Bates, City
in favor of issuing $35,000 of bonds for water works.
Treasurer, for $400,000 of 4 per cent highway bonds maturing
Minneapolis, Minn.—( S t a t e a n d C i t y S u p p l e m e n t , page April 1, 1923, and $400,000 sewer bonds of the same descrip­
103.)—A bill has been introduced in the Legislature pro­ tion. It is reported that none o f the proposals were ac­
viding for the issue of bonds to the amount of $300,000 for cepted.
bridge purposes.
Pettis County, Mo.—( S t a t e a n d City S u p p l e m e n t , page
New Britain, Conn.—( S t a t e a n d C i t y S u p p l e m e n t , page 112.)—Official notice is given in our advertising columns this
38.)—The City Council of New Britain is considering the week that $50,000 of Pettis County 5 per cent refunding bonds
question of issuing $100,000 of bonds for the purpose of
It#" F o r c o n t in u a t io n o f p r o p o s a ls see n e x t p a g e .
macadamizing streets.
N E W

N E W

LO A N S.

M u n icipal

LOAN S.

N E W

LO A N S.

B onds.
WE OWN AND OFFER SUBJECT TO

INVESTMENT BONDS
FOR

SALE.

PRIOR SALE.
City o f St. Louis, Gold,

South Orauge, N. J ............................5s
Toledo, Ohio....................................... 5s
W spello County, Iow a .................... 5s
Crete, Neb...........................................
Anderson, I n d .....................................6*
Crestliue, O h io.................................. 6s
Middleport, Ohio................................6s
Vallejo, Cal. (Gold)............................6s
Stanton, Neb.......................................6s

C O M M E R C IA L

S T R

Blake Brothers & Co.,

L I S T S ON A P P L I C A T I O N ,
M em bers

o f th e

N ew

Y ork

and

“

Cleveland,

“

Chicago,

“

Duluth, Gold,

R A I L W

A Y

B O N D S .

Cleveland, Ohio (Gold).......................... 5s
Superior Wis. (Hold)............................6s
Osw go, N. Y. (Gold)..............................6s

S to c k E x c h a n g e s.

D E A L E R S IN

P A P E R .

STR EET, N E W

Milwaukee,

“

Minneapolis,

“

Haverhill,

‘

Greenville, Ohio,

**

J. Hayes & Sons,

B A N K E R S,

10

NEAV
CLEVELAN D ,

W A L L
Y O R K .

AND

E. H. Rollins & Sons,
B o a to n . [U aa>.,

2 I O E x c h a n g e B u ild in g .

-

•
•

•
-

5s
- 4a
4s

-

-

•

Ohio,• 6s
-

-

4)^8

U P O N A P P L IC A T IO N .

Y O R K .

Harris & C o.,
B AN K E R S,

T ex a s,

15 WALL STREET, NEW YORK.
C H IC A G O .

5 s .

P R IN C IP A L

6s

P A Y A B LE

BOSTON.

IN

G O L D C O IN ,

T H E

P r ic e a n d P a r t i c u l a r s on A p p l i c a t i o n .

Lewis Investment C o.,

BOSTON.

is s u e d f o r s e w e r s , p a rk s a n d f u n d in g . D e n o m in a ­
t io n $1,0 0 . D a t e d J u ly 1 st, 1892. D u e t w e n t y y e a r s;
p a y a b le a f t e r t e n y e a r s .
R e a l v a lu a tio n ........... . . . . .....................................112,000.000
A s s e s s e d v a l u a t i o n .............................................
7,000,00o
T o t a l d e b t , t h is Issu e in c lu d e d .........................
150,010
P o p u la t io n 10.C00.
P r i c e f u r n is h e d o n a p p lic a t io n . W e h ig h ly r e c o m ­
m en d th e bon ds.

W a co,
G O L D

IN T E R E S T

G reat
Falls, M o n t a n a ,
6 PEK CENT GOLD BONDS.

5 S w Y !*,r k C l , y >

o f

STR E ET,

N E W
L O A N .
8 1 0 0 ,0 0 0

3 a W a ll M r e t t ,

C ity

-

4s

-

Upper Sandusky,
Augusta,

N. W .
W.

6s

.

-

“

8 1 0 0 ,0 0 0

F o r p r ic e a n d p a r t ic u la r s c a ll u p o n o r a d d r e s s ,

.

4s
-

P R IC K A N D F U L L P A R T IC U L A R S F U R N IS H E D

28 S T A T E S T R E E T , BO STO N .
S NASSAU

.

■

B o sto n

“
E E T

.

•

W R IT E F O R M A R C H

L IS T

O F IN V E S T M E N T S .

-A R S O N , LE A C H
C H IC A G O ,
1 1 5 D earborn S t.

D E S M O IN E S , I O W A .

& C O .,

NEW YO R K ,

Ca p i t a l

2 W a l l S t.

Wilson, Colston & Co.,
BANKERS,
B A L T IM O R E ,
Have purchased from the City of
T U S C A L O O S A , A L A .,
$ 4 8 , 0 0 0 6 Per cent 30-year Gold Bonds, principal
and interest payable In New York.
$ 2 8 , 0 0 0 were issued to redeem s like amount of
maturing 8 per cent Bonds, and the balance for
the completion of the City Hall.

Pa id

Up ,

$ 150, 000 .

-

C h o ic e In v e s tm e n ts in th e m o s t C o n s e r v a ­
tiv e F ie ld In th e W e s t
C IY
5 IA

P E R
r t n

P C W T
U l SI I

G n a r a n te e d F lr 8 t M o r r g a g e s o n improved la n d s
S a fe a n d Desirable

iu I o w a a n d E a s t e r n N e b r a s k a .

F i f t e e n Y e a r s ’ S u c c e s s fu l E x p e r i e n c e .
S e n d f o r P a m p h le t .

W. A. HOTCHKISS,

HEO. H. LEWIS*

A c t ’s S e cre ta ry.

P r e s id e n t .

552

THE CHRONICLE.

[VOL. LV I.

issued in 1888 have been called and will be redeemed on May
Portchartraiu Levee District, La.—The Levee Board of
1,1893, at the American Exchange National Bank of New York this district are desirous of pin-chasing outstanding bonds of
City. The total amount of these securities outstanding at the district to the amount of $22,000. These bonds will be
purchased by the Board from the person or persons offering
present is $350,000 due May 1, 1908, and optional after May 1, to sell them at the lowest figures, not exceeding par. Bid­
1893. The only other loan of this county was issued in 1894 ders must state the series (A, B, or C) and the denomination
for the erection of a court house; bonds were 6 per cent, 5-20s, ($1,000, $500 or $100). The Board reserves to itself the right to
and the amount now outstanding is $45,000. The total bonded reject any bid not deemed advantageous to it.
San Diego, Cal.—( S t a t e a n d C i t y S u p p l e m e n t , page 140.)
debt of the county on May 1,1893, after the redemption of the
called bonds will be 345,000 and the sinking fund will then —City Clerk J. K. Ware notifies the C h r o n i c l e that the City
Treasurer will receive sealed proposals until Saturday, the
amount to $2,000.
15th day of April, 1893, for the purchase or exchange of $380,The files for our new “ S t a t e a n d C i t y S u p p l e m e n t ” con­ 000 of 20-year funding bonds of San Diego, being bonds Nos.
tain a report prepared especially for us by County Treasurer 1 to 760, both inclusive, and each for the sum of $500, dated
Joseph S. Hughes, and from this statement the following data January 1, 1893, and bearing interest at the rate of 4% per
cent per annum, payable annually at the office of the “City
are taken.
Treasurer. No proposals will be accepted either for the pur­
chase or exchange of these bonds for a less sum than their face
K o a d t a x ( p e r $ 1 , 0 0 0 ) .............
$2 00
T a x v a l u a t i o n , r e a l .............$ 7 , 5 1 7 , 9 5 0
T a x v a lu a t io n , p e r s o n ’ l . 2 ,9 5 8 ,1 7 7
T o ta l ta x
“
“
1180
value and the accrued interest thereon. Any proposal ac­
P o p u l a t i o n 1 8 9 2 . ........................... 3 8 0 0 0
T o t a l v a lu a t i o n , 1 8 9 2 ..1 0 .4 7 6 ,1 2 7
cepted will be subject to the approval of the Common Council
P o p u l a t i o n 1 8 8 0 .............................. 2 7 , 2 7 1
A s s e s s m e u t a b t . 2 0 p .o . r e a l v a lu e .
of the City of San Diego, who reserve the right to reject any
S t a t e t a x ( p e r $ 1 0 0 0 ) .....................$ 2 5 0
D e b t p e r c a p i t a 1 8 9 3 ...............
$9 80
D
e
b
t
p
e
r
c
a
p
i
t
a
1
8
9
0
...............
1
2
9
1
and
all proposals.
C o u n t y t a x ( i t e r $ 1 , 0 9 0 ) ............. 7 3 0
The total debt of the city at the present date is $437,000, of
Philadelphia, Pa.—( S t a t e a n d C i t y S u p p l e m e n t , page which $380,000 is to be refunded. The assessed valuation for
68)—Mayor Edwin S. Stuart will receive proposals until April 1892 was $15,393,378; present population, 18,000.
5th for $2,625,009 of four per cent bonds, payable at the rate
of $175,000 yearly from December 31, 1903, to December 31,
School District No. 93, West Seattle, Wash.—Bonds of
1917. The loan will be free from all taxes. Due notice will this distiict to the amount of $30,000, bearing interest at the
be given to the successful bidder or bidders of the date when rate of 6 per cent, have recently been sold for $31,555.
payment for the loan awarded will be received by the City
Treasurer, and interest will commence on the date on which
Shelby County, Ohio.—The Legislature ha3 granted au­
such settlement is made. No bid will be considered unless thority to the commissioners of this county to issue $17,000
accompanied by a certified check to the order of the “ City of of bonds to meet a deficiency in the general expense fund.
Philadelphia ” for five per cent of the amount of loan bid for,
Tarrytown, N. Y.—( S t a t e a n d C i t y S u p p l e m e n t , page 54,
and checks accompanying bids not accepted will be returned
to the bidders within twenty-four hours after the opening —The bonds of this village to the amount of $65,000 recently
of bids. The deposit of the successful bidder or bidders will offered for sale were awarded to the Westchester County
be applied in partial payment for the loan awarded and inter­ Savings Bank for a premium of $1,085. The bonds are of the
est on such deposit will be adjusted in the final settlement. denomination of $1,000 each, dated April 1, 1893, bear interest,
Proposals must be made upon blanks to be obtained at the at the rate of 4 per cent per annum, payable semi-annually,
and mature June 1, 1919.
Mayor’s office.

M

I S

C

E

L

L

A

N

E

O

U

S

P

.

of

D uluth,

S C H

O

O

L

D a te d S e p t. 1 . 1 8 9 2 .

C

I F

I C

C

O

A

S

T

C

.

M inn.,

5 s .

D u e S e p t. 1 , 1 9 2 2 .

O F S E A T T L E , W A S H IN G T O N .

UNITED STATES DEPOSITARY
Angus Mackintosh, Pres. |Abram Barker, Vice Pres.
W m . T. Wickware, Cashier.

Principal and Interest payable at

C a p i t a l , $ 2 0 0 , 0 0 0 I S u r p lu s , e t c ., $ 4 0 , 0< O
I n t e r e s t -b e a r in g C e r t ific a t e s o f D e p o s it

AM ERICAN EXCHANGE N ATIONAL BANK,

Superior Collection Facilities.
Correspondence Solicited

NEW YORK.

N

E

W

L O

A

N

S

.

FOR SALE.

C

.

fu rth e r r a r tic u la r s
u p o n a p p lic a t io n .

H

.

W

H

I T

E

1 8 3 D e a r b o r n S t .,
C H IC A G O , IL L .

&

fu r n is h e d
C

O

. ,

9 2 B roadw ay,
NEW YO R K .

Geo. M. Huston & Co
BONDAND

STOCK

DEALERS

W e buy and sell outright all Western
Municipal Bonds and Stocks. W e
cheerfully furnish full and reliable in­
formation concerning any W estern se­
curity without charge. Monthly quo­
tation circular mailed to all applicants.
New issues o f municipal bonds wanted.
305

F IN E

S T R E E T , S T . L O U IS , M O .

Edward E. Higgins,
B U IL D IN G , W A L L
N EW

S T .,

YO R K .

Hatch it Foote,
7

G

O

.

SALLE

S T R E E T , C H IC A G O .

W e m a k e a s p e c ia lt y o1
M

U N

IC IP A L

B O N D S

annum .

List o f Securities mailed upon application.

J. LOEWENBERG, Pres. JAS. STEEL, Vlce-Pres.
I. A. MACKUM, Cashier.
SELLS SIGHT
EXCHANGE AND
TELE­
GRAPHIC TRANSFERS and ISSUES LETTERS o f
CREDIT available throughout the United States.
DRAW S BILLS OF EXCHANGE on London,
Liverpool, Dublin, Paris, Berlin, Frankfort-on-theMain, a: d all the trincipal cities o f Europe; also on
H ong Kong.
, _ . .
COLLECTIONS MADE on all accessible Pomts.

PINE STREET, NEW YORK.
*•

IN V E S T M E N T S E C U R IT IE S .

CORRESPONDENCE INVITED.

T O
C

I N

h i c a g
C

V E S T O

o

R S .

C o - o p e r a t iv e

o n s t r u c t io n

C o .

(INCORPORATED.)

Tacoma National Bank,
First National Bank in'the City,
T A C O M A , W A S H IN G T O N .
P a i d -u p C H p itu l...................................... 8 2 0 0 , 0 0 0
S u r p l u s ........................................................... $ 1 0 0 , 0 0 0

, W . B. Blackwell. Presl. H. O. Fishback, Cashier.
John Snyder, Vice-Prest. I. M. Heilig, Asst. Cashier

l u t h o r l z e d C a p ita l*

-

-

$ 1 ,0 0 0 * 9 0 0

S h ares $ 1 0 0 E ach.
7 P e r C en t G u a ra n te e d .

SECURED B Y CHICAGO R E A L ESTATE FIRST
MORTGAGES.
A LIMITED NUMBER o f shares is now offered
for sale at the offices o f the Company,

G e n e r a l B a n k i n g B u s in e s s T r a n s a c t e d .
S p e c ia l A t t e n tio n to C o lle c t i o n s .

6 1 6 , 6 1 7 a n d 6 1 8 K l a l t o B u ild in g ,
C H IC A G O .

Merchants National Bank

FU LL INFORMATION UPON APPLICATION .
CORRESPONDENCE INVITED.

T A C O M A , W A S H IN G T O N .

(OLDEST BANK IN TH E CITY.)

T H E

Interest Paid on Time Deposits.
C a p i t a l .............................................................$ 2 5 0 , 0 0 0
S u r p lu s a n d U n d iv id e d ProfltH ....... $ 1 0 0 . 0 0 *

Correspondence solicited. Collections a speclalt-,

Street Kailway and Financial Counsel,
M IL L S

LA

P a id C a p i t n l ....................................— $ 1 , 0 0 0 , 0 0 0

Y O R K .

C h i p p e w a F a l l s , W i s c o n s i n ............ 6 p e r cen *.
D u b u q u e , I o w a ................................ . . . . . 5
“
S i o u x C it y . I o w a ...................................... 6
“
F i n d l a y , O b i o .............................................. 6
“
C o lu m b u s , O h i o ..........................................6
“
N e w B r ig h t o n , P a ., G o l d ................... 5
“
M u s k e g o n , M i h ..................................... 5
**
P r ic e s a n d

A

B AN K E R S,
132

Nat’l Bank,
Lamprecht Bros. & Co , Me chants
PO R TLAN D , OREGON.
S T ., N E W

I C

X e ttlu g t h e I n v e s to r 4 to 6 P e r C e n t p e r

P r ic e 1 0 8 a n d I n t e r e s t .

11 W A L L

H

Merchants National Bank Geo. A. Lewis & Co.,

8 8 0 , 0 0 0
C ity

A

1 he First National Bank
(

AC.

U N IT E D S T A T E S D E P O S IT A R Y .
C A P IT A L ,
.
.
$ 1 ,3 0 0 ,0 1 0
S U R P L U S ,
.
.
.
1 * 8 3 0 .0 * O
8 <4. M u r p h y , President. H. D. M o r g a n Cashier
JAMRS MorrTTT, v.-P ret. o . W .K ltnb , A m Cash.
G E N E R A L B A N K IN G B U S IN E S S
i r r o n i i T S

s o n c i v v '

M

A R .

Adjoining W orld’s Fair Grounds and Rapid Transit.
STRICTLY FIRST CLASS.
Send for circular to
W . R IC H A R D S O N ,
1 9 6 L a S a lle S tr e e t C h ic a g o .

SAN FRANCISCO.

O F SAN F R A N C IS C O ,

D A G

New brick and stone, European Hotel,
C o r . 6 4 i h S t. a n d M a d is o n A r e C h i c a g o *

.

Reference—Messrs. A. O. Sl a u g h t e r & Co.,
Bankers, 111 and 113 La Salle Street, Chicago.

W

M

BO O KS

.

F

R

A

N

K

L I N

H

ACCOUNTANT

A

L

L ,

A U D IT E D

N e w fo r m * d e s ig n e d f o r b o n k * o f K cn ou n t,
Settlement o f Insolvent Betate*.
118 r x b an g © B u ild in g . 53 S t a te S t r e e t

B o a to n .

A

p r il

THE CHRONICLE.

1, 1898.1

553

Tuscarawas County, Ohio.—A bill has been passed by the
Minnesota—Red Wing.—(State and City Supplement,
Legislature supplementing an act authorizing the commis- [ page 104.)—W . H. Putnam, Mayor.—The following statement
sioners of this county to issue bonds, by providing for the use !
of $2,000 from the bridge fund in constructing a bridge over of debt, valuation, etc., of Red Wing has been corrected to
date by means of a special report from S. J. Willard, City
the Tuscarawas.
Clerk.
Waynesviile School District, Ohio.—A bill has been passed (
Red W ing is situated in Goodhue County.
by the Ohio Legislature authorizing this district to issue $3,500
o f bonds for a school-house.
LO A N S—
When Sue.
I u t e r e s t p a y a b le a t R e d W in g .
West Liberty, Ohio.—A bill has been passed by the Legis­
lature providing for the issue of bonds of this place to the
amount of $10,000 for an electric light plant.
West Springfield, Mass.—Authority has been granted the
selectmen of this town to issue bonds to the amount of $75,000 for an additional water supply, the bonds to bear interest
at the rate of 5 per cent.
Weston, Ohio.—A bill has been passed by the Legislature
providing for the issue o f bonds of this village and township
to the amount of $7,000 for the construction of a town hall.
Yonkers, N. Y.—(State and City Supplement, page 56.)
A bill has been introduced in the New York Legislature au­
thorizing Yonkers to issue bonds to the amount of $25,000 for
cleansing the bed of the Nepperhan river.
Youngstown, Ohio.—(State and City Supplementt, page
84.)—This city has been granted authority by the Legislature
to issue bonds to the amount of $25,000 for the erection and
equipment of a hose-cart house.

STATE

A N D C IT Y D E B T C H A N G E S .

We subjoin reports as to municipal debts received since the
last publication of our State and City Supplement,
Some of these reports are wholly new and others cover items
of information additional to those given in the Supplement,
and of interest to investors.
C H IC A G O .

Jamieson & Co.,
S T O C K S —B O Y D S ,

1 8 7 -1 8 9

DEARBORN

STREET,

C h icago, Ills
P r i v a t e W i r e to

l. St S .

W O RM SER, N EW

F L O W E R & C O ., N E W

OF

n ess.

B. B

r jb ib s b ,

M. Cu m

D

C o rre sp o n d e n ce s o lic ite d .

M em b er N e w Y o r k S to ck E x c h a n g e
, M e m b e r C h ic a g o S t o o k E x c h a n g e

m in g s

Breese & Cummings,
B AN K E R S AND B R O K E R S,

111

AND

113

MONROE STR E ET,

CHICAGO
S e c u r it ie s lis t e d i n N e w Y o r k , B o s t o n o r C h ic a g o
t a r r i e d o n c o n s e r v a t iv e m a r g in s .

A . O . S L A U G H T E R , M e m b e r N . Y . S to c k E x c h a n g e
W M . V . B A K E R , M e m b e r C h ic a g o 8 t o c k E x c h a n g e

A. O. Slaughter & Co.,
BANKERS,

Minnesota—Stevens County.—(State and City Supple ­
page 105.)—W e have this week received the following
corrected statement of the financial condition of Stevens
County from H. R. Spurr, County Auditor.
County seat is Morris.
LO A N S When Sue.
Co u r t H ou se B on d s6 8 , J u l y 1 , $ 3 0 ,0 0 0 ... . J u l y 1 ,1 9 1 4
R e f u n d in g B o n d s 5 8 J & J , $ 5 0 , 0 0 0 ................. J a n . 1 , 1 9 2 3
B o n d e d d e b t F e b . 1 ,1 8 9 3 . $ 8 0 ,0 0 0

C H IC A G O , IL L S .

LO A N S—
When Due. I T a x v a l u a t i o n
R a il r o a d A i d —
| T a x r a t e (p e r
7 s , J & J , $ 1 0 3 , 0 0 0 ............ J a n . 1 , 1 8 9 7 I P o p u l a t i o n i n
T o t a l d e b t M a r c l i l , 1 8 9 3 .$ 1 0 3 ,0 0 0 | P o p u la t io n i n

C H ICA G O ,
STREET.

C a p i t a l , p a i d -u p ................................. 8 1 , 6 0 0 , 0 0 0
U n d iv id e d e a r n in g s , In c lu d in g
s u r p l u s ....................................................
2 3 9 ,0 0 0
D e p o s it e d w i t h S t a t e A u d i t o r . .
2 0 0 ,0 0 0
G U A R A N T E E S T IT L E S TO R E A L E S T A T E .
M A K E3 A B STR A C TS O F T IT L E .

O ile r s I n v e s t o r s in r e a l e s t a t e s e c u r i t i e s
p r o te c tio n a ffo r d e d b y n o o t h e r s y s t e m o f
d o in g b u s in e s s .
I s a u t h o r iz e d b y la w t o a c t a s R e g i s t r a r o f S t o c k s
a u d B o n d s , E x e c u t o r , R e c e iv e r a n d T r u s t e e f o r
E s t a t e s , S y n d ic a t e s , I n d iv id u a ls a n d C o r p o r a t io n s .
T r u s t m o n e y s a n d t r u s t s e c u r it i e s k e p t s e p a r a t e
fro m t h e a ss e ts o f th e C o m p an y.

CORRESPONDENCE

S O L IC IT E D .

O F F IC E R S ;
G W Y N N G A R N E T T , P r e s id e n t .
A . H . S E L L E R S , V ic e - P r e s i d e n t .
A R C H I B A L D A . S T E W A R T , S e c re ta ry .
C H A S . R . L A R R A B E E , T re a su re r.
F R A N K H . S E L L E R S , T r u s t O fflo e r.
D IR E C T O R S :
G w y n n G a rn e tt,
C h as. W . D re w ,
W . D . K e rfo o t,
J o h n P . W i ls o n ,
H o r a c e G . C h a s 2,
E d so n K e ith ,
J o h n G . S h o r t a ll,
G eo. M . Bogue.
Jo h n D eK o ven,
A . H . S e l le r s .
Sam u el B . C h ase,
C O U N SEL:
W . C . G oudy,
J o h n P . W ils o n ,
A . W . G re e n ,
A . M . Pence,

Herman Schaffner & Co.

Loeb & Gatzert,

C O

M ORTGAGE BANKERS
SALLE

M

E R C I A L

P A P E R ,

C H IC A G O , IL.L,.

F i r s t M o r t g a g e s f o r s a le i n la r g e a n d s m a l l a m o u n t s ,
a n d 0 p e r c e n t, se c u re d b y
Im p r o v e d a n d In c o m e - b e a r in g C h ic a g o c i t y p r o p e r t y .

netting I n v e s t o r s 6 ,

Cahn & Straus,

P r in c ip a l a n d I n t e r e s t p a y a b le in G o l d .
C O R R E S P O N D E N C E S O L IC IT E D .

BANKERS,
128 LA

99

M

1 0 0 W a s h i n g t o n S tre e t,

S T R E E T . C H IC A G O .

Fred. G. Frank & Bro.

1892
$ 7 ,2 0 8 , 9 6 7
$ 1 ,0 0 0 ) 1 8 9 2 ..$ 9 - 0 0
1 8 9 0 w a s .............3 4 , 1 1 8
1 8 8 0 w a s ............3 1 , 6 8 2

C H IC A G O .

B A N K E R S ,

125 L A

T a x v a l u a t i o n , r e a l ............ $ 1 , 6 7 1 , 3 1 0
T a x v a lu a t io n , p e r s o n a l
4 9 6 ,1 2 0
T o t a l v a lu a t io n 1 8 9 2 .. . 2 ,1 6 7 ,4 3 0
A s s e s m e n t is 2 -5 a c t u a l v a lu e .
T o t a l t a x ( p e r $ 1 , 0 0 0 ) ................ $ 2 6 - 0 0
P o p u l a t i o n 1 8 9 0 w a s ......................... 5 , 2 5 1

Kentucky—Christian County.—The following is a special
report which has been sent do the Chronicle by County
Sheriff Me. J. Davis.
County seat is Hopkinsville.

1 1 1 -1 1 3 LA S A L L E S T R E E T ,

C h ic a g o S e c u r i t ie s B o u g h t a n d S o ld .

They are

ment,

9 2 , 9 4 <fc 9 6 W A S H I N G T O N

YO RK.

R. G L E N D I N N I N G & C O ., P H I L A D E L P H I A .

The cost of the city’s water works was $100,000.
now self-supporting.

Title Guarantee & Trust Illinois Trust & Savings
Bank.
Company

YO RK.

S p e c i a l a t t e n t io n g iv e n to o u t -o f -t o w n b u s i­

T o t a l d e b t J a n . 1 8 9 3 . . . . $ 1 4 5 ,0 0 0
W a t e r d e b t (in c lu d e d ) . . .
8 0 ,0 0 0
T a x v a l u a t i o n , r e a l ............... 1 , 2 9 3 , 5 7 6
T a x v a lu a t io n , p e r s o n a l.
5 4 4 ,3 3 3
T o t a l v a l u a t i o n 1 8 9 1 _____ 1 , 8 3 7 , 9 0 9
P o p u l a t i o n 1 8 9 0 w a s .........................6 , 2 9 4
P o p u l a t i o n 1 8 8 0 w a s .........................5 , 8 7 6
P o p u l a t i o n 1 8 7 0 w a s ........................ 4 , 2 6 0

C H IC A G O .

M e m b e rs N e w Y o r k S to c k E x c h a n g e ,
C h ic a g o S t o c k E x c h a n g e .

M in x , C u n t. R R . B o n d s6 8 , J & J , $ 4 5 , 0 0 0 ............... J u l y 1 , 1 8 9 3
($ 5 ,0 0 0 d u e y e a r l y ) t o J u l y 1 ,1 9 0 1
R. W . & I o w a R y . B on d s—
4 s , J a i l . 1 , $ 2 0 ,O O O ....J a il. 1 , 1 9 0 9
W ater W o rks—
5 s , J & J , $ 8 0 , 0 0 0 ............... J u l y 1 , 1 9 0 2
($ 5 ,0 0 0 d u e y o a r l y ) to J u l y 1 ,1 9 1 7

A

SALLE

C H IC A G O ,

IL L .

C A P IT A L AN D S U R P L U S , IN T E R E S T

A LLO W ED

8 3 ,2 5 0 ,0 0 0

O N D E P O S IT S .

T h i s B a n k Is d i r e c t l y u n d e r t h e J u r is d ic t io n a n d
s t m e r v is io n o f t h e S t a t e o f I l l i n o i s , is a L E G A L
D E P O S I T O R Y f o r C o u r t M o n e y s , a n d is a u t h o r iz e d
to a c t a s T R U S T E E , E X E C U T O R , R E C E I V E R a n d
A S S IG N E E fo r E S T A T E 8 , I N D I V I D U A L S and
C O R P O R A T IO N S .
O F F IC E R S :
J o h n J . M it c h e ll, P r e s i d e n t .
J o h n B . D r a k e , V ic e - P r e s i d e n t .
W m . H . M it c h e ll, S e c o n d V ic e - P r e s i d e n t ,
W m . H . R e id , T h i r d V ic e - P r e s i d e n t
J a m e s 8 G ib b s , C a s h ’ r . B . M . C b a t t e ll, A a s ’t C a sh * *
D IR E C T O R S
J o h n M c C a ffe ry ,
J o h n B . D ra k e *
L . Z . L e ite r,
W m . H . R e id ,
W m . H . M it c h e ll,
J o h n J . M it c h e ll
W m . G . H ib b a r d ,
J . C . M c M u llin ,
D . B . 8 h ip m a n ,
J . O g d en A rm o u r*
F r e d e r ic k T . H a s k e ll.

The
EquitableTrustCompany
1 8 5 D E A R B O R N S T .. C H I C A G O .
C A P IT A L ,

P A ID

S U R P L U S ,

-

U

P , --------------- $ 5 0 0 , 0 0 0

-----------------------------

5 0 ,0 0 0

A U T H O R IZ E D B Y L A W T O R E C E I V E a n d e x ­
e c u te t r u s ts o f e v e r y c h a ra c te r fro m c o u rts, co rp o ra ­
t io n s a n d in d iv id u a l s . T a k e s e n t ir e c h a r g e o f e s t a t e s ,
r e a l a n d p e r s o n a l. A c t s a s a g e n t f o r t h e r e g i s t r a ­
t io n a n d t r a n s f e r o f b o n d s a n d s t o c k s a n d t h e p a y ­
m e n t o f c o u p o n s , i n t e r e s t a n d d iv id e n d s . A le g a l
d e p o s it o r y f o r c o u r t a n d t r u s t f u n d s .
I N T E R E S T A L L O W E D O N D E P O S IT S o f m o ne y,
w h ic h m a y b e m a d e a t a n y t im e a n d w it h r a w n a f t e r
f i v e d a y s ’ n o t ic e , o r a t a f i x e d d a * e .
T R U S T F U N D S A N D T R U S T IN V E S T M E N T S
a re k e p t se p a ra te a n d a p a rt fro m th e a sse ts o f th e
com pany.

D IRECTORS:
A Z EL F. H ATCH ,
M . W . K E R W IN ,
H A R R Y RU BEN S,
J. R . W A LSH ,
O TTO

CHAS. H. H U LBU RD ,
G EO . N. C U LV E R ,
M A U R IC E R O S E N F E L D ,
SAM U EL D. W ARD ,
YO UN G.

S T ., C H I C A G O !

G en era l B a n k in g B u sin e ss T r a n sa c te d .

riBBT M O RTGAGE LOANS ON IM PROVED CITY
LOCAL SECURITIES A SPEC IALTY.
R E A L ESTA TE FOR SALE.
W A S H IN G T O N S T R E E T , C H IC A G O . |
Correspondence Invited.
*
Members o f the Chicago Stock Exchange.

O F F IC E R S :
J . R . W A L S H , P r e s id e n t .
C H A S . H . H U L B U R D , V ic e - P r e s i d e n t .
S A M U E L D . W A R D , T re a su re r.

L Y M A N A . W A L T O N , Secretary

THE CHRONICLE.

564
I M

i s j c e l l a u

e o n s .

1850.

B A Y ,

F U T U R E M E T R O P O L IS O F P U G E T SO U N D
d e s t in e d t o b e t h e g r e a t M a n u f a c t u r i n g a n d C o m ­
m e r c ia l C e n te r b e ca u se i t h as
T h e L a r g e s t a n d S a f e s t H a r b o r o n t h e P a c if f c C o a s t
T h e G r e a t e s t A r e a o f a d ja c e n t A g r i c u l t u r a l L a n d .
T h e m o s t M a g n if ic e n t F o r e s t s o f T i m b e r in t h e w o r ld
T h e f in e s t N a t u r a l T o w n S it e a n d W a t e r F r o n t
I m m e n s e V e i n s o f t h e B e s t C o a l i n t h e W e s t w h ic l
p r o d u c e s a c o k e e q u a l t o P e n n s y l v a n ia . I r o n , S ilv e r 1e a d , G o ld a n d o t h e r o r e s . E x t e n s i v e Q u a r r i e s o 1
I
e S a n d s t o n e f o r b u ild in g p u r p o s e s . V a lu a b l e n
o r m a t io n c a n b e h a d o f

TH E F A IR H A V E N

LA N D

C O M P A N Y ,

F A IR H A V E N ,

WASHINGTON.
S. H. W ood & Co.,
INVESTMENT BANKERS,
G u a r a n t e e L o a n B u i ld in g ,

M IM E A P O L IS ,

M IS W .,

D e a l e r s i n t h e h ig h e s t c la s s o f M in n e a p o lis S e c u r i
t ie s , B a n k S t o c k s , M o r t g a g e s a n d B o n d s .

CORRESPONDENCE SO.ICITED.
M

U N

IC IP A L

S E C

U

OF

P IT T S B U R G

AND

V IC IN IT Y

D e a l t In b y

la*. Carothers,
J;

M O R T G A G E LO AN S
TEXAS.
0 P e r C en t and 7 P e r C e n t N e t.
C O M M I S S IO N S c h a r g e d b o r r o w e r o r le n d e r
u n t i l lo a n s h a v e p r o v e n g o o d .

SA N

A N T O N IO ,

A

CO.,

T E X A S .

W . H. H owcott,
IN V E S T M E N T

T i m

BANKER.

b

e r

IN g T H F

C IT Y

Y O R K .

A

G E O R G E H . B U R F O R D , P r e s id e n t .
C. P. F R A L E IG H ..............................................Secretary.
A . W H E E L W R I G H T ................... A ssistan t Secretary.
W M . T . S T A N D E N ............................................. A ctu a ry.
A R T H U R C. P E R R Y ............................................. Cashier
JO H N P . M U N N ................................... M edica l D irector.
F IN A N C E CO M M IT TE E .
GEO. G. W IL L IA M S ............... Pres. Chem . Nat, Bank
JU L IU S C A T L IN ............................................. D ry G oods
JO H N J. T U C K E R .................................................. B uilder
E. H . P E R K IN S , JR., P res. Im p. & T rad ers’ N at. B ’k.
T h e tw o m ost popu lar plans o f L IF E IN S U R A N C E
are th e CON TIN U A B L E T E R M P O L IC Y w hich
g ives to th e insured th e greatest possible am ou n t o f
Indem nity in th e e v e n t o f death, at t h e lo w e st possi­
ble presen t cash ou tlay; an d th e G U A R A N T E E D
INCOM E P O L IC Y w h ich em braces eve ry valuable
fe a tu r e o f in vestm en t insurance, and w h ich in th e
e v e n t o f a dversity o ve rta k in g th e insured m ay be
used as C O L L A T E R A L S E C U R IT Y F O R A LO A N ,
to th e e x te n t o f th e fu ll le ga l reserve valu e th e r e o f,
in acco rd a n ce w ith th e term s and con dition s o f these
policies.
G o o d A g e n ts desiring t o represen t th e Com pany,
are in vited t o address J . S . G A F F N E Y . Super­
in te n d e n t o f A g e n cie s, at H o m e Office.

T

L

STREET.

Hackett & Hoff,
REAL ESTATE AND INVESTMENTS,
9 6 M ic h ig a n S t., M ilw a u k e e , W i s .

Jos. C. Platt, C. E.,
CONSULTING E N G IN E E R ,
W A T E R FO R D , N. Y .
E x a m in a t i o n * a n d R e p o r t * f o r [n w o a to rs .

r a p

h

T y p

C

e w

r i t e r

T r a n s a c t :* a G e n e r a l B a n k i n g a n d T r u s t
B u s i n e s s . S a v in g s D e p a r t m e n t . I n t e r e s t
A llo w e d on D e p o s it s .
In vestm en ts m ade (ai nsual rates o f com m issioi )
in sa fe and reliable interest-paying Southern s e cu r­
ities, and 1st m ortgage loans o n im p rov ed clt> and
tow n real estate. C orrespond ence solicted as t o all
Southern n vestm ents. B eing w ithin easy re a ch
o f all parts o f th e 8outh th o ro u gh and carefu l in v e s ­
tigation can b e m ade o f in ten ded in vestn ents by
purchasers.
O F F IC E R S .
GEO . B . E D W A R D S , President.
P. N. PIC K E N S, Cashier.
R . E. M UCKEN FU SS, Secretary an t T reasu rer.
J . L A M B P E R R Y , Solicitor.
S M Y T H E & L E E , G eneral Counsel.

N
o f th o

dry goods.
W t l l ia m M . B i r d , o f W m . M . B ird & Co., w h ole sa le
paints and oils.
J a m e s A l l a n , o f Jam es A lla n & Co., je w e le rs.
J. H . F. K o e n i g , w ith K noop, F rerich s & Co. c o t to n
exporters.
8 * 0. B. B d w a r d s . P res. E lectric L ig h t & P o w e r Co

Y

ew

C om pany,

IL L IA M

H E N

R I

C H A N D L E R

A

S H A P L E IG H ,

Chem ical In du stries In vestigated. N ew P rocesses
E xam in ed . P lans and Specifications o f W ork s fu r ­
n ish ed. A ls o Y e a rly C ontracts f o r Consultations.
R o o m s 9 7 dfc 9 S , SO B r o a d w a y , N e w Y o r k .

L

C om p a n y .

o r k

, J a n u a ry 2 4 th , 1 8 9 3 .

s u b m it t h e

fo llo w in g

sta te ­

1st

Ja n u a ry ,

1892,

to

31st

D e c e m b e r , 1 8 9 2 ........................................................$ 3 , 6 9 0 , 1 5 0 8 8
P r e m ’ m s o n P o lic ie s n o t m a r k e d
o f f 1 s t J a n u a r y , 1 8 9 2 ........................

1 ,4 7 2 ,1 4 2 4 8

T o t a l M a r i n e P r e m i u m s .............

5 ,1 6 2 ,3 9 3 3 6

o ff fr o m

1892,

to

1st

31st

D e­
3 ,7 5 9 ,1 9 3 0 5

L o s s e s p a id d u r in g t h e s a m e
P e r i o d ...........................................................$ 1 , 4 0 6 , 1 7 8 0 6
R e t u r n s o f P r e m iu m s

and

T h e C o m p a n y h a s th e f o llo w in g A s s e t s , v iz .:
U n ite d S ta te s a n d S ta te o f N e w
Y o rk

S to ck ,

C it y ,

B an k

and

o t h e r S t o c k s . . . ................................................. $ 7 , 8 1 6 , 4 5 5 0 0
L o a n s se c u re d b y S to c k s a n d
o t h e r w i s e ..................................................................
R e a l E sta te

c o m p a n y , e s t im a t e d
P r e m iu m

2 ,0 2 7 ,0 0 0 0 0

a n d C la im s d u e th e

N o te s

and

a t ...................
B ills

1 ,0 2 9 ,3 4 5 2 6

R e­

c e i v a b l e ........................- .......................................

1 ,3 3 6 ,6 2 2 4 6

C a s h i n B a n k ............................................................

2 7 6 ,2 6 2 9 9

A m o u n t ....................... ...— ..... ................... $ 1 2 , 4 8 5 , 6 8 5 7 1

S I X P E R C E N T I N T E R E S T o n th e o u ts ta n d ­
in g

c e r t if ic a t e s o f p r o fit s w i l l b e

h o ld e rs

p a id

to th e

t h e r e o f o r t h e ir le g a l r e p r e s e n t a t iv e s

o n a n d a fte r T u e s d a y , th e 7 th o f F e b ru a ry n e x t

th e
to

O U T S T A N D IN G

is s u e
th e

of 1888

h o ld e r s

s e n t a t iv e s ,
F e b ru a ry
th e re o n

C E R T IF IC A T E S

of

w i l l b e r e d e e m e d a n d p a id

t h e r e o f, o r t h e ir le g a l re p r e ­

on and
n e x t,

a fte r T u e s d a y , th e

fro m

w ill ce ase .

w h ic h

d a te

7 th o f

a ll in t e r e s t

T h e c e r t if ic a t e s t o b e p r o ­

d u c e d a t t h e t im e o f p a y m e n t , a n d c a n c e le d .
A

D IV ID E N D

d e c la r e d

on

O F

FO R T Y

P E R

C E N T is

t h e n e t e a r n e d p r e m iu m s o f th e

C o m p a n y f o r t h e y e a r e n d in g 3 1 s t D e c e m b e r ,

Jos. O. Osgood,

1892,

f o r w h ic h

1 2 0

B R O A D W

A Y ,

N E W

J . H . C H A P M A N , S e cre ta ry .

Y O R K .

M akes specialty o f reports o n railroads and o th r
Investm ent properties.
E xam inations m ade in any part o f t h e cou n try.

R. T . Wilson & Co.,
3 3 W a il street, N ew Y o r k .

R E

B A N

K

V A

c e r t if ic a t e s w i l l b e is s u e d o n

a n d a ft e r T u e s d a y , th e 2 d o f M a y n e x t.
B y o rd e r o f th e B o a r d ,

M . A m . Soc. C. E.,

U

L T S .

AMERICAN WRITING MACHINE Co.
3 3 7 B ro a d w a y , N ew l o r b

White & Clark,

A ve „

A

1892.

TRUSTEES:
J . D . Jo n e s,

C h a r le s H . M a r s h a ll,

W . H . H . M o o re ,

C h a r le s D . L e v e r i c h ,

A . A. Raven,

E d w a r d F lo y d - J o n e s ,

Jo se p h H . C h ap m a n ,

G e o rg e H . M a c y ,

Ja m e s Lo w ,

L a w re n c e T u rn u re ,

W m . S t u r g is ,

W a ld r o n

B e n ja m in H . F ie ld ,

A nso n W . H a rd ,

Ja m e

E X P E R T E X A M IN A T IO N S A S P E C IA L T Y .

U

P r e m iu m s o n M a r in e R i s k s f r o m

T H E
W

S E C U

O f fic e s , T h e T i m e s B u i l d i n g , F o u r t h
P IT T S B U R G , U. S . A .

T

m e n t o f it s a ffa irs o n th e 3 1 s t d a y o f D e c e m b e r,

D IR E C T O R S .
Joh n ston , Crews & Co., w h olesale

T H E

E x a m in e r s o f M in e ., P ro c e s s e s a n d In d u s ­
t r i a l E s t a b lis h m e n t ..

U

8. J. P e r r y , o f

S T A N D S A T T H IS H E A D .

C O N S U L T IN G E N G IN E E R * .

M

E x p e n s e s ............................................... $ 7 3 8 , 6 1 7 0 9

£ A N K E R S A N D C O M M IS S IO N M E R C H A N T S
a l i g

I

T h e T r u s t e e s , in c o n f o r m it y w it h t h e C h a r t e r

C O N S U L T IN G E N G IN E E R ,

C

T

c e m b e r , 1 8 9 2 . . . . . . ...........................—

Exchange Banking &
Trust Company,

F i r s t M o r t g a g e s o n Im p r o v e d M ilw a u k e e R e a l
E s t a t e , b e a r in g s i x a n d s e v e n p e r c e n t in t e r e s t
a lw a y s o n h a n d . N o c h a r g e t o t h e i n v e s t o r f o r c o l­
le c t in g i n t e r e s t o r lo o k in g a f t e r t a x e s a n d f i r e in s u r ­
a n c e . A b s o lu t e s e c u r it y .

e

N

Ja n u a ry ,

Chemical Engineers and
Consulting Chemists.

NEW ORLEANS, LA.

T h

A

Insurance

Investments in the South,

W A L D R O N

COMMON

N E W

L a n d s .

A p p r a is e r o l S o u t h e r n L a n d V a lu e s .
NO. 193

O F

O FFIC E R S.

A.

H IG H - G R A D E L O A N S E F F E C T E D .
D e a le r in
S o u t h e r n

O F F IC E O F T H E

The United States Life
Insurance Co.

CHARLESTON 8. C.,

0 F O U R T H A V E ., P I T T S B U R G , P A .

F R A N C IS S M IT H

1893.

P r e m iu m s m a r k e d

R I T I E S

lvl

insurance.

■ X t is n r a u x je .

FAIRHAVEN,
B E L L IN G H A M

[Y o l .

G E N U IN E

WELDED i HBOME STEEL AND IRON

G . D e F o re st,

W illia m

D e g ro o t,

P . B ro w n ,

Is a a c B e ll,
N . D e n t o n S m it h ,

W iliia m H . W e b b ,

T h o m a s M a it la n d ,

H o ra c e G ra y ,

G u s t a v A m s in o k ,

W illia m E . D o d g e ,

J o s e p h A g o s t in i,

G e o rg e B lis s ,

G e o r g e W . C a m p b e ll,

Jo h n L . R ik e r ,

V e rn o n H . B ro w n ,

C. A . H and,

C h r is t ia n d e T h o m s e n ,

J o h n D . H e w le t t ,

L e a n d e r N . L o v e ll,

C h a r le s P . B u r d e t t ,

E v e re tt F ra z a r,

W illia m B . B o u lt o n .
H e n r y E . H a w le y ,
in R o u n d a n d F l a t B a r s a n d 5 - p ly P l a t e s a n d A n g le s
F O R S a F E S , V A U L T S , & e.
v
J . D . J O N E S , P re s id e n t.
C a n n o t b e S a w e d , C u t . o r D r i l l e d , a n d p o s it iv e l y [
B u r g la r - P r o o f .
W . H . H . M O O R E , V ic e - P r e s id e n t .

CH RO M E STEEL W O R K S,

S o le M a n ’ f ’e r a i n t h e U . S . ’ S ! B R O O K L Y N , N . Y .

A . A . R A V E N . 2 d V ic e - P r e s id e n t .