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REPRESEN TIN G TH E IN D U ST R IA L A N D COMMERCIAL IN TERESTS OP TH E U N ITE D STATES.
[Entered according to Act of Congress, In the year 1892, by Wm. B. D a n a & Co., In the Office of the Librarian of Congress, Washington, D . O.]
Y O L . 54.
N E W Y O R K , A P R I L 9, 1 8 92.
Ifitnuxcial.
IfiiimxciaX.
ffitm trc ia l.
A M E R IC A N
B an k N ote Com pany,
Am erican Exchange Bank,
SOLID
SILVER.
78 TO 86 TRINITY PLACE,
NEW YORK.
G O R H A M M ’f ’g Co.,
nw orporated under Laws o f the State o f New T o r i, 1859«
Broadway & 19th St.,
Business F ou n d ed 1795.
R eorga n ized 1879.
E
ngravers a n d
P
r in t e r s o f
BONDS, POSTAGE* REVENUE STAMPS,
LEGAL TENDER AND NATIONAL BANK
NOTES of the UNITED 3TATES; and for
Foreign Governments.
AND 9 MAIDEN LANE.
ENGRAVING AND PRINTING,
The National Park Bank
of New York.
b a n k n o te s, s h a r e c e r t if ic a t e s , bo n d s
F O R GOVERNMENTS AND CORPORATIONS,
D R A F T S, CHECKS, B ILLS OF EXCHANGE,
STAM PS, A c., in the finest and most artistic style
FR O M STEE L PLA TE S ,
Special papers manufactured exclusively for
use of the Company.
SAFETY PAPERS.
W ork Executed in F irep roof Buildings.
LITHOGRAPHIC AND TYPE PRINTINQ.
R A IL W A T TIC K E T S OF IM PR O V ED STYLE S.
Show Cards, Labels, Calendars.
B A NDEALERS R S ,
K E IN
AND
-
-
-
$ 2 ,0 0 0 ,0 0 0
$ 2 ,8 0 0 ,0 0 0
SUPERIOR COLLECTION FACILITIES.
BUY AND SELL FOREIGN EXCHANGE.
Eb e n e z e r
Ge o r g e
. W r ig h t , President.
A r t h u r L e a r y , Vice-President.
S. H ic k o k , Cashier.
Ed w a r d J. Ba l d w i n , A ss’t Cashier.
k
IN V E S T M E N T S ,
R IC H M O N D , VA.
T r a n s a c t a G e n e r a l Ba n k i n g Bu s i n e s s . N e g o t i a t s
R . R . & M u n i c i p a l Lo a n s . C o r r e s p o n d e n c e I n v i t e d .
Our M ANUAL O F IN V E S T M E N T S
largest work o f the land published by an y Banking house fa
Am erica. Gratis to clients & correspondents; toothers, $3 a copy
“ ■Most elaborate, handsomest and most useful work treating
upon Southern properties which ever came to notice.” —Boston
Herald. % “ Worth its weight in gold.” —Norfolk Landmark.
• Recognized as standard authority, and holds a high reputation
4
both in Europe and United States. ” — Washington Post. “ The
States, cities, railroads, and other properties o f the South ara
described with a clearness and minuteness o f detail o f great vatat
to investors.”—N. 7, Joum . o f Commerce. “ A complete financial
and industrial record o f the Southern States.”-— 0 . Times-Bern*
N.
'* We know of no other work to oompare with this Manual for the extent and variety of information it contains.” —Money, Lon.. Kao,
T H E F O U R T H N A T IO N A L
B A N K O F T H E C IT Y O F N E W
YORK
OFFERS
TO
DE
P O S IT O R S E V E R Y F A C I L I T Y
W H IC H T H E IR BALANCES,
B U SIN E SS
AND
R E S P O N S I
B IL IT Y W A R R A N T .
Walter Del Mar & Co.,
DIRECTORS.
Arthur Leary,
Charles Scribner,
Edward C. Hoyt,
Eugene Kelly,
Edward E. Poor,
Ebenezer K. Wright,
Joseph T. Moore,
W. Rockhlll Potts,
August Belmont,
Stuyvesant Fish,
Bichard Delafleld,
George S. Hart,
Wilson G. Hunt,
Charles Sternbacb,
Francis B. Appleton
William A . Lombard,
1 5 0 B R O A D W A Y , NEW Y O R K .
Offers for sale Choice Bonds 'and Mortgages.
A SPECIALTY-NEW YOBK CITY & COUNTBY
BANK STOCKS,
Netting Purchasers 4 to 10 P er Ceut.
SEND FOB QUOTATIONS.
AVENUE,
MEMBERS 0 7 THE
NEW Y O R K STO C K EXCH A N G E .
P H IL A D E L P H IA ST O C K EX CH A N GE
Charles T . Wing & Co.,
BONDS,
Frank E. W in g,
H enry A . G lasstord.
E dw ard N. Gibbs, S p ecial.
R. J. Kimball & Co.,
(Established in 1866.)
BANKERS AND BROKERB,
16 a n d 18 R ro a d Street, N ew Y o r k .
Members of the New York Stock Exchange and of
the Philadelphia Stock Exchange.
R o b e r t J. K im b a l l . A l f r e d B .L o u n s b b k r y .
G. R. Voss,
Commercial Paper,
Bonds, Stocks and Investment Securities.
608 FIRST NATIONAL BANK BUILDING,
Omaha, Nebraska.
H. J. YON HEBERT.
G. L. BOISSEVAIN,
von Hemert & Co.,
B O N D A N D STO C K B R O K E R S ,
ROANOKE, YA.
SOUTHERN INVESTMENT SECU R ITIES
Four Years’ Growth.
A SPECIALTY
Parkinson & Burr,
1 8-7 ....
1888....
1889....
1890....
1891....
Capital.
... .$1,000,000
. . .. 1,000,000
. . .. 1,000,000
. . . . 1,000,000
.. . . 2,049,000
Surplus,
$50,850-52
115,444-72
237.945-85
396,716-85
830,396-67
Assets.
$2,214,374-87
4,035,945-52
7,803,722-02
11,168,685-04
14,074,863-58
Send fo r va lu a ble book about investm ents.
75 OLD BEOAD STREET,
Equitable Mortgage Co.
FOURTH
The business o f this Company was established in
1878 and was incorporated in 1884. In 1887 the accu
mulated surplus was distributed and capital increas
ed to $2,000,000, half paid. A r e g u l a r d i v i d e n d o f
te n p e r c e n t p e r a n n u m h a s b e e n p a i d s in c e
t h e o r g a n i z a t i o n o f th e c o m p a n y , and its
respective annual statements have shown capital,
surplus and undivided profits and assets as fo llo w s :
Members New York Stock Exchange.
L O N D O N , E . C.
78
Co.,
P IT T S B U R G EXCHANGE (3 M em bers).
C ap ital,
Su rplu s,
E X T E N S IV E S A F E T Y V A U L T S F O R
T H E CONVENIENCE OF D EPO S
IT O R S AN D IN V E STO R S.
Entrance only through the Bank.
John L. Williams & Son,
SOUTHERN
Henry Sproul &
I S W A L L ST R E E T, N EW Y O R K .
JAMES MACDONOUGH, President.
AUG. D. SHEPARD,
) VIce. Presldent,
TOURO ROBERTSON, f V,Ce presidents.
THEO. H. FREELAND, Sec’y and Treas.
JNO. E. CURRIER, Ass’t Sec’y.
J . K. MYERS, Ass’t Treas.
J
S T . L O U IS , M O .
C apital, - 8 3 0 0 ,0 0 0 I Surplus, - $ 3 0 0 ,0 0 0
PBTBB NICHOLSON, President.
ALVAH MANSUR, Vice-President.
_
^
WALKEB HILL. Cashier
.. wt,®eild items direct to every banking point in
this State____________________
P IT T S B U R G , P A .
With SPECIAL SAFEGUARDS to PREVENT COUNTERFEITING.
SAFETY COLORS.
N O . 1 ,398
2Ö8 B r o a d w a y New Y ork.
117 D evonshire St.,
4th & Chestnnt Sts.,
BOSTON.
P H IL A D E L P H IA .
B A N K E R S AND B R O K E R S ,
5 6 B R O A D W A Y , N. Y .
BOSTON O FFICE, 53 ST A TE ST.
Members of the New York and Boston Stock Ex
changes. Private wire between the two offlceB.
Information given in regard to all Boston securl
ties, and quotations furnished
A . J. Weil & Co.,
IN VE S TM E N T SECURITIES,
86 W all St., New York and St. Louis.
THE CHRONICLE
¡1
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Bank of Montreal,
Drexel, Morgan & Co.,
[ESTABLISHED 1818.]
BARING, MAGOUN & CO.,
WALL STREET, CORKER OF BROAD,
NEW YORK.
CAPITAL Paid In SURPLUS . . .
1 5 W ALL ST., NEW YORK,
SUCCESSORS TO
Drexel,Harjes & Co.
KIDDER, PEABODY & CO., NEW YORK,
Cor. o f 6th ¿C hestn ut Sta. 31 Boulevard Haussmann
Buy and Sell Exchange
on principal European cities.
Issue Commercial and Travelers’ Credits
available In all parts o f the world.
Drexel &
Co.,
P A R IS .
P H IL A D E L P H IA
DOMESTIC AND FOREIGN BANKERS.
NEW YORK OFFICE:
N os, 59 a n d 61 W A L L S T R E E T .
WALTER WATSON, i
J Agents.
A L E X ’R LANG,
B ay and sell Sterling ana Continental Exchange
ad Cable Transfers; grant Commercial and Travel
ers’ Credits available in any part o f the W o rld ;
issue drafts on, and m ake collections in, Chicago
id throu ghou t the Dom inion o f Canada.
Choice Investment Securities.
ATTORNEYS AND AGENTS OW
M essrs. J . S. M O R G A N A CO.,
Ko. 22 OLD BROAD STREET, LONDON.
Brown Brothers & Co., August Belmont & Co.,
FHILA.
NEW YORK,
BOSTON.
59 W a ll St,
AT.F.Y BROWN & SONS, BALTIMORE.
Members N. Y., Phlla. and Baltim ore Stock E xch’s.
Buy and sell flrst-class -r
.
.
Investm ent Securities fo r l U V C S t i l l G i l t
custom ers.
R eceive ac
counts o f Banks, Bankers,
Securities.
d ivS uaU ,°nSon
favorable
term s. Collect drafts drawn
abroad on all points in the United States and Cana
da, and drafts drawn In the United States on fo r
eign countries.
T
B uy and sell Bills o f Exchange
and m ake cable transfers on
O f
all points. Issue Commercial
i •.
and Travelers’ Credits available
l ^ r e a it .
in all parts o f the world.
BROWN, SHIPLEY & CO., LONDON.
G e o r g e Co p p e l l ,
T h o m a s Ma it l a n d
G e r a l d L. H o y t , M em ber o f N. Y. Stoek Ex.
Maitland, Phelps & Co.,
2 2 AND 24 E XC H A N G E PEA C E,
NEW YORK.
Orders executed fo r all Investm ent Securities
A c t as agents o f Corporations, and negotiate and
issue Loans.
Messrs. Smith, Payne
A Smiths, L ondon
BILLS OF E X
CHANGE
TE LE G RA PH IC
TRAN SFERS
ON
Messrs. M allet Freres
A Cie, Paris ;
Banco N aoional de
M exico, M exieo, and
l
its Branches.
LE TTER S OF
CREDIT
AGENTS FO B TH E B A N K OF A U STR A LA SIA .
J. Kennedy Tod & Co.,
NO. 45 WALL STREET, NEW YORK.
Deposits reoeived subject to draft, and interest
allowed on balances.
OFFER INVESTMENT SECURITIES.
Bonds and Stocks bought and sold on commission
on all American,
British and Dutch
markets.
Transfer o f Stock and Bonds. Paym ent and c o l
lection o f Dividends. Coupons and Interest War,
rants. Foreign E xchange and Cable Transfers on
L ondon and Paris.
M ü NROE
and
Co r r e sp o n d e n t s
& Co.,
Capital and Surplus....................8 6 ,9 0 0 ,0 0 0
Messrs. ROTHSCHILD,
London, Paris, Frankfort and Vienna.
ALEX. LAIRD and WM. QRAY
Issue Circular Credits fo r travelers available In
all parts o f the world.
ALSO COMMERCIAL CREDITS.
Draw Bills o f Exchange and make Cable Transfers
to Europe, W est Indies, M exico and California.
Execute orders fo r the purchase and sale o f Invest
m ent Securities.
16 EXCHANGE PLACE, NEW Y O R K .
John Paton & Co.,
J
SUCCESSORS TO
J E S U P , P A T O N & C O .,
5 2 ‘W illia m Street, N ew Y o r k .
A ccounts and A gency o f Banks, Corporations
firms and individuals received upon favorable terms.
Dividends and interest collected and remitted.
A ct as agents fo r corporations in paying coupons
and dividends; also as transfer agents.
Bonds, Stocks and Securities bought and sold on
commission at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
sold.
DRAW ON
T H E UNION BAN K OF LONDON,
BRITISH LINEN CO. ‘ B AN K LONDON
SCOTLAND.
E x c h a n g e o n L o n d o n , P a r is, B e r lin
Z u r ic h a n d St. GaU.
Cr e d it s
o pened a n d p a y m e n t s m a d e b y
Ca b l e
AND
BAN KERS,
W IL L IA M
STREET, NEW Y O R K
Correspondents o f the
International Bank of London (Limited)
doh. Berenberg, Gessler «fc Co., Hamburg
Bremen Bank, Bremen.
Marcuard, Krauss A Co., Paris.
Commercial and Travelers’ Credits.
Bills o f Exchange.
Cable Transfers.
BUY A N D SELL STERLING EXCH ANGE, CABLE
TRAN SFERS. ETC.
Issue Commercial Credits available In all
parts ol the world.
Canadian Currency bought,
*
Drafts drawn o n and C ollections m ade at all
points in Canada.
Merchants' Bank o f Canada
Henry Hague and John B. Harris, Jr.,
AGENTS,
61 W A L L STREET, NEW Y O R K .
BUY AN D SELL STERLING EXCH ANGE, C ABLE
TRAN SFERS, &C
Issue Commercial Credits, Available In
all Parts of the World.
Imperial Bank o f Canada.
CAPITAL (paid up)
«l»?.®®’ ?.?.?.
S U R P L U S .............................
9 5 0 ,0 0 0
J. & W . Seligman & C o.,
H. 8. H OW LA N D, Pres’t. T . R . M E R R IT T , V .-P .
D . R . W IL K IE , Cashier.
BANKERS,
NO. 2 3 B R O A D S T R E E T ,
N ew Y o r k .
Br a n c h e s in On t a r io .—Essex, Fergus, Galt,
Ingersoll, Niagara Falls, P ort Colbom e, St. Çatharines, St. Thom as, Sault Ste Marie, W elland,
W oodstock, R at Portage.
T o r o n to .—W ellington Street, Y on ge and Queen
Sts., Y on ge and Bloor Sts.
Br a n c h e s i n No r t h w e st —W innipeg, Brandon,
Calgary, P ortage la Prairie* P rince Albert, Edm on-
Issue Letters of Credit for Travelers
On SELIGMAN BROTHERS. London.
SELIGM AN FRERES & CIE;, Paris.
SELIGMAN & STETTHEIMER, Frankfurt.
ALSBERG, GOLDBERG & CO., Amsterdam.
A LT M A N & STETTHEIMER, Berlin.
Payable in any part o f Europe, Asia, A frica, Aus
tralia and America.
m ,
,,
Draw Bills o f Exchange and make Telegraphlo
Transfers o f Money on Europe and California.
BANKERS,
5 South W illiam
Street, New York.
LETTERS OF CREDIT
available everywhere.
D RAFTS
en all part» ot the world.
TRANSFERS
by mall and telegraph.
HEAD OFFICE, TORONTO-
■
° n A gents in L ond on :
I A gents in New York,
L loyd ’s Bank, lim ited. I B a n k o r Mo n t r e a l .
Collections prom ptly m ade in any part o f Canada*
D ra w ers o l Sterling E x ch a n g e .
AGENCY OF THE
B
a
n
k
OF
B r it is h N o r t h A m e r ic a ,
N o. 5 2 W A L L
STR EET.
Buy and sell Sterling Exchange and Cable Trans
fers. Issue demand drafts on Scotland and Ireland;
on QftnnAft, British Columbia and San Fran-
C lkC U LA R NOTES issued in Pounds Ster
lC
ling. available in all parts o f the world. COM
MERCIAL CREDITS ISSUED fo r use in
Europe, China, Japan, East and W est Indies and the
Brazils, River Plate, &o.
Bills collected and other hanking business trans-
Kessler & Co.,
BANKERS
54 W A L L STREET, NEW YO RK*
ISSUE COMMERCIAL AND
TRAVELLERS
CREDITS, B U Y AN D SELL R A IL R O A D
STOCKS, BONDS AND INVESTMENT SE
CURITIES. ACT AS F IN AN CIAL
AGENTS FOR CORPORATIONS.
Hong Kong & Shanghai
B A N K IN G
C O R P O R A T IO N .
Paid-up Capital................... ................... qi
Reserve Liability o f Proprietors......... 10,000,000 00
T he Corporation grant D rafts, issue Letters o f
Credit fo r use o f travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Singapore,
Saigon, Manila, H on g Kong, F ooch ow , A m oy,
Ningpo, Shanghai, H ankow, Yokohama, H iogo,
San Francisco and London.
A . M . T O W N S E N D , A g en t, 50 W a ll St.
P a ris H ou se—IHGNBOE & CO.
Schulz & Ruckgaber,
AGENTS,
Capital Stock Paid Up.............. 8 5 ,7 9 9 ,2 0 0
Reserve Fund...............................8 2 ,5 1 0 ,0 0 0
N o. 8 2 N assau Street, N ew Y o r k .
Buy and Sell B ills of Exchange and
N o. 4 P o st Office Square, B o sto n .
Cable Transfers on all the Prin
Issue Circular Letters o f Credit fo r Travelers’ Use
cipal European Cities.
A broad against Cash or Satisfactory
Guaranty o f Re-paym ent
London Office« N o. 2 2 A b d m r e k L a n e.
Canadian Bank of Commerce
op th e
Knauth, Nachod & Kühne,
BANKERS,
JOHN
BANKERS,
No. 23 NASSAU STREET<
A g e n ts
8 1 2 ,0 0 0 ,0 0 0 Gold
8 6 ,0 0 0 ,0 0 0 Gold
H oa. Sir DONALD A . SMITH, President.
E. S. CLOUSTON, General Manager.
Agents and Attorneys o f
BARING BROTHERS & CO., L im ited ,
LONDON.
KIDDER, PEABODY & CO., BOSTON.
Depoalta received subject to Draft. Securities
b ou gh t and Bold on com m ission. Interest allowed
o n Deposits, Foreign Exchange, Commercial Cred
its, Cable Transfers, Circular L etter» fo r Travel
ers, available In all parts o f the world.
CONNECTED B Y PRIVATE WIRE.
S a u lis *
Kountze Brothers,
BAN KER8,
120 B R O A D W A Y , Equitable Building, NEW Y O R K
LETTERS OF CREDIT AND CIRCULAR
NOTES
Issued fo r the use o f travelers in all parts o f the
world. Bills drawn on the U nion Bank o f London.
Telegraphic transfers made to L ondon and to
various places in the United States. Deposits re
ceived, subject to check at sight, and interest
allow ed on balances. Governm ent and other bonds
and investm ent securities bought aud sold on oom
mission.
The Bank
of
Australasia.
(Incorporated by R oyal Charter, 1835.)
N o. 4 T h r e a d n e e d le S tr e e t, L o n d o n .
Paid-up Capital, £1,600,000; R eserve Fund, £800,000; R eserve Liability o f P roprietors under th e
jharter, £1,600,000.
,
Letters o f Credit and Drafts issued on any o f the
num eious branches o f the Bank throughout A us
tralia and New Zealand. Bills negotiated or sent
for collection. Telegraphlo transfers made.
Deposits reoeived in London at interest fo r fixed
periods, on term s which may be ascertained on apBUcation
.
P R ID E A U X SELBY, Secretary.
THE CHRONICLE
A pril 9, 1892«]
in
S a u k s .
^ fin a n c ia l.
THE NEW YORK
N E W ENGLAND.
The Union Discount Co.
Produce Exchange Bank,
of London, Limit’d.
Transacts a general banking business.
FO O T E & F R E N C H ,
Receives acoounts of hanks, hankers and corpora
89 Cornhlll, London, April 7,1892.
Capital Subscribed......................,96 ,3 0 5 ,0 0 0
F aid up............................................. 3 ,1 5 2 ,5 0 0
9 7 0 ,0 0 0
R eserve F u n d................................
84 8 5 -4 1 .
NOTICE IS HEREBY GIVEN that the RATES
o f INTEREST allowed for money on deposit are as
follows:
A T C A L L , H P E R CENT.
A T 3 to 7 D A Y S ’ NOTICE, 1 P E R CENT.
The Company discounts approved bank and mer
cantlle acceptances, receives money on deposit at
rates advertised from time to time in the London
Paris and Berlin papers, and grants loans on ap
proved negotiable securities.
C H R IS T O P H E R R . NUGENT, M anager.
Blake, Boissevain & Co.,
L O N D O N ,
E N G L A N D .
N egotiate Railway, State and City loans.
E xecute orders for bonds, Shares, etc., on Com
missloa and transact a general Banking an
Commission Business.
Sp ecial attention given to the execution of
orders for Securities on the New York, Lon
don and Amsterdam Exchanges, in corres
pondence with
BLAKE
BROTHERS
&
CO.
5 Nassau Street) N ew Y o r k ,
2 8 State Street. B o sto u } M a ss..
tions upon favorable terms.
Issues certificates of deposit bearing interest.
Solicits mercantile and personal aocounts.
Bills of exchange drawn on, and cable transfers
made through, THE CITY BANK Limited
LONDON.
Circular letters of credit Issued for travelers’ ust
in foreign countries; also commercial credits.
Accounts of foreign bankers received and col
lections in the United States made on favorable
terms. Agents In New York of the
BANCO NACIONAL DE CHILE.
Bank o f Buffalo,
New Orleans Canal &
Banking Company,
N E W O R L E A N S, L A .
C a p ita l...8 1 ,0 0 0 ,0 0 0 I S u rp lu s....8 4 7 5 ,0 0 0
J. C. MORRIS, Pres. EDWARD TOBY, Cash,
Co r r e sp o n d e n t s —Nat. City Bank, Nat. Bank of
Commerce, New York. Boatmen’s Bank, St. Louis.
N. W. Nat Bank, Chicago. Merchants’ Nat. Boston
SWISS UNION BANK,
A m sterd a m . H o lla n d .
Schweizerische Union Bank.
LIMITED,
Subscribed and Paid-up C apital, £ 9 7 1 ,3 0 0
This Company undertakes the negotiation and
Issue of Loans and Capital of companies on the Lon
don market, and acts as agent for approved Railways
or other Corporations in payment of Interest, Divi
dends, Registration of Stock, and generally, and also
as Trustee for Debenture holders.
CABLE ADDRESS, PAVY, LONDON.
Heinemann & Co.,
62 Gresham House, E. C.,
LONDON.
Commercial Bank,
TACOMA,
W ASH IN G TO N .
P A ID -U P C A P IT A L $ 2 0 0 ,0 0 0 .
6 Per Cent Bank Certificates Issued.
8 P er Cent G old Mortgages.*
10 P er Cent City, County, State W arrants,
CORRESPONDENCE SOLICITED.
G r a t t a n H . W h e e l e r , Pres. A . B r id g m a n , Cash.
Tacoma National Bank,
First National Bank in the City,
TACOMA,
W A S H IN G T O N .
Paid-up C apital............................... 8 2 0 0 ,0 0 0
Surplus................................................ 8 1 2 5 ,0 0 0
President,
Cashier,
Vice-President
W . B. B l a c k w e l l . H . O, f is h b a c k . E d m u n d R ice .
G eneral Banking Business Tran sacted.
Special A ttention to Collections.
Pierce, Wright & Co.,
L O N D O N , E . C.
Dennistoun, Cross & Co.,
2 Princes Street, London, E. C.,
Execute orders for the purchase and sale of
Bonds, Stocks, Ac., on the Stock Exchange; receive
accounts and Agencies of Banks, Railways, Corpo
rations, Firms and Individuals upon favorable
terms; Commercial and Travelers’ Credits and
Bills of Exchange on them are issued by their
Agents and Attorneys.
MOSLE BR O TH ER S,
.52 EXC H A N G E PLACE, NEW Y O R K .
GOVERNMENT
sold.
B o sto n ,
BONDS
M a ss.
bought and
RAILROAD BONDS o f conservative
issues constantly on hand.
COMMISSION ORDERS executed in
bonds and stocks.
FOREIGN
EXCHANGE
bought
and
P R O V ID E N C E , R . I.
Dealers in Commercial Paper, Governments and
other first-class Bonds and Securities and Foreign
Exchange.
Private telegraph wire to New Tork and Boston.
Sheldon & Binney,
BANKERS,
28 Westminster St., Providence, R. I.
Transact a General Banking Business. Dealers in
Stocks, Bonds and Local Securities.
PRIVATE TELEGRAPH WIRES TO NEW YORK
AND BOSTON.
Ch a r l e s H . Sh e l d o n , J r .
W il l ia m B in n e y , J r
Noyes & Bridge.
Merchants’ Nat’l Bank,
Act as Agents for American Banks and Finanda
Companies. Collect Foreign Exchange and execute
orders on commission on the London Market.
INTEREST ON DEPOSITS. CABLE TRANSFERS.
Street,
S T . G A L L E , (S w itzerlan d).
Capital Paid Up
1 2 ,0 0 0 ,0 0 0 Franca,
Solicit Aocounts and Agencies of Banks and
Bankers.
INTEREST ALLOWED ON DEPOSITS.
IN V E S T M E N T B R O K E R S ,
CABLE TRANSFERS. LETTERS OF CREDIT BOSTON STOCK EXCHANGE B U ILD IN G ,
53 STATE STREET, BOSTON.
S olicit accounts and agencies of Banks,1Ballways
Corporations, Firms and Individuals upon
favorable terms; also orders for the pur
chase and sale of Bonds, Shares, &&, &c.
P O R T L A N D , OREGON.
on the Stock Exchange.
P
Interest allowed on Deposits, subject to 60-days J.aid C apital...................................8 1 ,0 0 0 ,0 0 0
LOEWENBERG. Pres. JAS. STEEL, Vice-Pres.
sight drafts, at Bank of England rate, and
I. A. MACRUM, Cashier.
SELLS
one per cent below that rate subject to de GRAPHIC SIGHT EXCHANGE AND TELE
TRANSFERS, and I8SUES LETTERS
mand drafts.
of CREDIT available throughout the United States
DRAWS BILLS OF EXCHANGE on London,
N egotiate Railway, State and City Loans.
Liverpool, Dublin, Paris, Berlin, Frankfort-on-theMain, and all the principal cities of Europe; also on
Hong Kong.
COLLECTIONS MADE on all accessible points.
52 N ew B r o a d Street,
Congress
Wilbour, Jackson & Co.,
A D O L P H B O IS S E V A IN & CO .
4: Bank Buildings, London, England,
48
B U F F A L O , N. Y .
sold.
S. S. J e w e t t , Pres’t.
W m. c . Co r n w e l l , Cash’ r
C apital......8 3 0 0 ,0 0 0 I Surplus......8 3 2 5 .0 0 0 J OSHTJA WlLBOUR.
BENJAMIN A . JACKSON
This Bank has superior facilities for ¡making Col
lections In and out of the city on the most libera
terms, and with careful attention to the best inter
ests of its correspondents.
Co r r e sp o n d e n t s Importers’ A Traders’ Na
BANKERS AND BROKERS.
tional Bank and Chemical National Bank, New
York Merchants’ Loan A Trust CoMChicago; Union
NO. 5 2 W K Y BOSS E T S T R E E T ,
Bank of London. London
AND
The Railway Share Trust
& Agency Company,
BANKERS,
SAN FRANCISCO.
Dealers in High Grade Investments.
6 and 7 per cent First M ort. G old Bonds.
Inform ation furnished and first-class corporation
securities sold on commission.
P E N N S Y L V A N IA ,
T h o m a s B. R e a .
Sa m u e l R e a .
Rea Bros. & Co.,
115 F o u rtli A v en u e, P ittsb u rg , P a .
STOCKS AND BONDS.
MEMBERS OV THE
New Y o rk , Philadelphia and
Stock Exchanges.
Pittsburg
LOCAL SECURITIES A SPECIALTY.
N . Holmes & Sons,
BANKERS,
P IT T S B U R G , PENN.
CORRESPONDENTS:
Bank of New York, N. B. A.
First National Bank of Philadelphia,
P ITTSBU R G ,
PA.
ESTABLISHED 1871.
The First National Bank Whitney & Stephenson,
O F SAN F R A N C IS C O , CAL..
UNITED STATES DEPOSITARY.
C A P IT A L ,
.
.
.
8 1 ,5 0 0 ,0 0 0
SU RPLU S,
.
.
.
8 7 5 0 ,0 0 0
S. G. M u r p h y , President. E. D. M o r g a n , Cashler
J a m e s M o f p it t , V.-Pres. G. W . K l in e , Asst. Cash
G EN E R A L B A N K IN G BUSINESS.
ACCOUNTS S O L IC IT E S .
MERCHANTS’ NATIONAL BANK,
BANKERS AND BROKERS,
N o. 57 F O U R T H A V E N U E .
Oldest Pittsburg members N. Y. Stock Exchange
E. W. Clark & Co.,
BANKERS AND BROKERS-
N o . 139 S ou th F o u r th St.,
P H IL A D E L P H IA .
R IC H M O N D , V IR G IN IA .
Transact a general banking business. Allow
Collections made onfall Southern points on best
interest on deposits.
terms; prompt returns.
Mameers of the Philadelphia and New York
JOHN P. BRANCH, President.
Stock Exchanges, and connected by private wir»
John F. Glenn, Cash’r. Fred. R. Scott. Vioe-Pres Witti New York.
[T H E
IT
C H R O N IC L E .
V
ol.
U V ,
gîmfcjzxs mû, ïïxobtxs in Utew ^oth ©its.
Tainfor 6c Holt,
C
o.,
B o o d y , M c LELLAN &
Broadway, opposite E x c h a n are Place.
FINANCIAL
BANKERS
BANKERS,
37
NEW Y O R K AND BROOKLYN
No. 11 W all Street, Cor. New, New Yerk.
T R U S T C O ’S S T O C K S -
P . O. BOX 447.
Specialties for Twenty Years.
Investment Securities
TRANSACT A GENERAL BANKING AND STOCK
EXCHANGE BUSINESS.
A specialty. Including W ater Bonds, Car Trust
B onds and first-class Ballway Bonds.
Private telegraph wires to Providence and Boston
Partltalars furnished on application.
Da v i d
a
. Bo o d t,
C. W . m c L e l l a n ,
H i n k t T. B o o d t .
G. E. TAINTOR. G. D. L’HUILIER. G. H. HOLT.
Samuel D. Davis 6c Co.,
Haven & Stout,
BANKERS
B A N K E R S AND BROKERS,
AND DEALERS IN INVESTMENT SECURITIES
2 E x ch an ge C ourt, N. Y .
Mo. 4 4 W I L L S T ., M E W Y O R K ,
the Consolidated Stock and Petroleum
SAMUEL D. DAVIS,
CHAS. B. VAN NOSTRAND,
Exchange.
Member N. Y. Stock Exchange
and Sell R a ilro a d Stocks and Bonds
at l-1 6 t h per cent Commission.
Emerson
ISSUE DAILY MARKET LETTER.
80 B R O A D W A Y.
Henry S. Redmond,
M e m b e r N. Y . Stock
8 W ALL
exhcange,
BONDS.
W . K . B. E m erson ,
R a m sa y T u rnbull
Member N. Y. Stock Exchange.
ST R E E T, NEW Y O R K .
Simon Borg 6c Co.,
B O N D S .
Carefully compiled list of choice Investment Bonds
urnished upon application.
Fred H. Smith,
N o. 2 0 NASSAU S T ., N R W Y O R K ,
No. 20 Broad Street, New York.
INVESTMENT S E C U R IT IE S.
M A R G IN ACCOUNTS SO LIC ITE D .
1 -1 6 P er Cent Commission.
INTEREST ALLOWED ON BALANCES.
Correspondence Invited.
ESTABLISHED SINCE 1868.
B r o w n ’s
BOND
&
STOCK
BROKERS,
Dealers in Investment Securities,
No. 7 NASSAU STREET,
(Continental National Bank Building,)
N ew Y o r k .
D a v is 6c
T.
Securities
a
s. y o u n g , J r .,
Member N. Y. Stock Exchange.
Emerson m c Millin .
. s.
Henry
b
Emerson McMillin
n e l so n
. W il s o n .
& Co.
Robert Goodbody 6c Co.,
3 0 B R O A D S T R E E T , N. Y . ,
BANKERS AND BROKERS,
B A N K E R S AND B R O K E R S ,
BANKERS,
18
WALL
STREET, N EW
Investment Securities.
A . M. K id d e r ,
H . j . M o rse
Ch a s . D. M a r v i n ,
W . M. K id d e r .
Metropolitan Traction
Stock,
Controlling the
BROADWAY
CABLE
ROAD
and the principal cross-town horse car lines,
1 6 B R O A D S T R E E T , NEW Y O R K .
BOUGH T AND SOLD B Y
m arquand
Ja m e s
Member N. Y. Stock Exchange.
b.
Sk e h a n
E. H. LA D D , JR.,
General Partners.
C. D. WOOD, Special Partner.
R. A. Lancaster & C o.,
BANKERS,
Mo. 1 0 W A L L S T R E E T ,
M EW Y O R K .
DEALERS IN
INVESTMENT and MISCELLANEOUS
SECURITIES.
S o u th ern Securities a S pecialty.
WM. M. HARRIMAN, Member N. Y. Stock Exchange
NICHOLAS FISH.
OLIVER HARRIMAN, Jr,
Harriman 6c Co.,
N o. 1 2 0 B R O A D W A Y , N E W Y O R K ,
EQUITABLE BUILDING,
INYESTMENT BONDS A SPECIALTY.
Rolston & Bass,
STOCKS, BONDS AND MISCELLANEOUS
SECURITIES.
W. H. ROLSTON,
2 0 B road Street,
W. ALEX. BASS, Jr.
NEW Y O R K .
Members N. Y. Stock Ex.
P. O. B o x 8.080
EDWIN S. HOOLBY.
W . H. Goadby 6c Co.,
B A N K E R S AND B R O K E R S ,
N O . 24 B R O A D S T R E E T .
New Y o r k .
L a Montagne, Clarke & Co.,
BANKERS AND BROKERS,
4 4 and 4 6 B roa dw a y, New Y ork .
S. L a M o n t a g n e , J r ., Member N. Y. Stock Exch
W allace
b.
Sm it h .
YORK.
In vestm en t B o n d s a n d S to ck s,
B u sse ll
IN V E S T M E N T S E C U R IT IE S .
C. H. HUESTIS
(Member N. Y. Stock Exchange)
L. M. SWAN,
H e r m a n Cl a r k e .
H. G. Campbell 6c Co.,
Marquand 6c Skehan,
BRO KERS,
AND DEALERS IN
Private wires to Philadelphia, Pittsburg, Scran
ton, Reading, Wilkesbarre Lancaster and Bethle
hem. ■
Private wire to Chicago.
Established 1863.
H e n r y G. Ca m p b e l l , } Members N. Y. Stock MEMBERS OF NEW YORK STOCK EXCHANGE
J. B o r d e n H a r r i m a n ,\
---------------------------- j,
~ |
Exchange.
Allow Interest on deposits subject to sight oheck.
Buy and sell on commission stocks and bonds either
for cash or on margin, and deal in
B A N K E R S AND B R O K E R S ,
9 New Street and 74 B roadw ay,
NEW YORK
COMMISSION
Specialty.
w
Co.,
N o. 10 W A L L S T ., N E W Y O R K .
Orders for Stocks and Bonds executed at all E xhanges
Especial attention given to supplying high-class
IN V E S T M E N T S E C U R IT IE S .
SI Pine Street, New York City.
BANKERS AND BROKERS.
In addition to a General Banking Business, Buy
B A N K E R S AND B R O K E R S
and bell Government Bonds and Investment SeStocks and Bonds Bought and S old on
c irities.
Commission.
INTEREST ALLOWED ON DEPOSITS.
John R ,
Wood, Huestis 6c Co.*
TRANSACT A GENERAL BANKING AND STOCK
EXCHANGE BUSINESS.
4 0 W A L L STREET, NEW Y O R K .
Supply selected investment bonds for cash or In
Negotiations Conducted for Purchase and Sale of
exchange for marketable securities.
Execute commission orders for investors at the Gas, Electric, W ater, Street R a ilw a y , Coal,
Stock Exchange or in the open market.
Iron and Industrial P roperties.
Furnish information respecting bonds
Securities negotiated only upon personal examlnation of property.
R o b e r t Go o d b o d y . A. L. L e e . g . B. Watts, Jr
BANKERS,
NO. 6 2 C E D A R S T R E E T .
YORK.
Young 6c Nelson,
Stocks and bonds bought and sold on commission
in small or large lots. Accounts solicited. Infor
Investment
mation promptly given.
Gilman Son & Co.,
BROADW AY, NEW
4 6 W a l l Street, M ew Y o r k .
64 BROADWAY, NEW YORK.
2 W a l l Street, N e w Y o r k .
Sp e c ia l t y
a
Robertson 6c James,
Members New York Stock Exchange,
STO C K B R O K E R S ,
B A N K E R S AND B R O K E R S ,
96
and Investment Securities.
So u t h e r n Se c u r it ie s
Sons,
Fahnestock & Co.,
W IL L IA M C. N O Y E S 1
DEALERS IN AT.T. KINDS OE
Railroad
STOCKS, BONDS AND PETROLEUM.
Stew art
6c Turnbull,
BANKERS AND BROKERS
Dealt In by
Dick Brothers & Lawrence,
3 0 B roa d Street, New Y o r k .
Howärd Lapsley 6c Co.,
BANKERS AND BROKERS,
No. 1 Exchange Court,
NEW YORK.
P riva te W ire s to Boston and P h ila d elp h ia .
H , I. N ic h o l a s ,
W . C. T a y l o r ,
Members N. Y. Stock Exchange.
J. S. Nic h o l a s
. m ater.
m
H. I. Nicholas 6c Co.,
B A N K E R S AND B R O K E R S .
INVESTMENT SECURITIES A SPECIALTY
11 W all Street, New York.
THE
A pril 9. 1892.]
C H R O N IC L E S
Q x v i& t
Union Trust Company
OF N E W Y O R K ,
80 Broadway, New York.
C A P IT A L - - SURPLUS- - -
-
$ 1 ,0 0 0 ,0 0 0
- $ 4 ,0 0 2 ,5 1 8 9 2
Authorized to act as Executor, Administrator,
“Guardian, R eceiver or Trustee, and is
A L E G A L DEPOSITORY FOR MONEY.
A cts as Trustee o f mortgages o f corporations, and
accepts the transfer agency and registry o f stocks.
A llow s interest on deposits, which may be made at
any time, and withdrawn on five days’ notice, with
interest fo r the whole tim e they remain with the
Company.
F or the convenience o f depositors this company
also opens current accounts subject, in accordance
with its rules, to check at sight, and allows interest
upon the resulting daily balances. Such checks pass
^through the Clearing House.
______
A ttends specially to the M ANAGEM ENT OF
R E A L ESTA TE and to the collection and remitance o f rents.
It makes ample provision in i t s ___
„ ._
N EW B U R G LA R AN D FIRE PROOF V AU LTS
fo r the safe keeping o f securities placed in its cus
tody, on which it collects and remits in com e!
TRUSTEES.
,a _
W m . W hitewright,
H . V an Rennsl’r Kennedy
H enry A . Kent,
J ames H. Ogilvie,
R . T. W ilson,
James T. W oodward,
W m . F. Russell,
George A . Jarvis,
<3. D. W ood,
C. Vanderbilt,
- James N. Platt,
A . A . Low,
D. C. Hays,
G. G. Williams
W m . A lex. Duer,
R. G. Remsen,
Charles H . Leland,
Edward Schell,
Edward King,
Amasa J. Parker,
E. B. W esley,
Samuel F. Barger
D. H . McAlpin,
Geo. C. Magoun,
George B. Carhart,
W. Emlen Roosevelt!
Chauncv M. Depew.
EXECUTIVE COMMITTEE.
Wm. Whitewright,
G. G. Williams,
Edward Schell,
E. B. W esley,
-Geo. C. Magoun,
C. D. W ood,
D. C. Hays,
James T. W oodward.
E D W A R D KING, President.
CORNELIUS D. W O O 1 vice-^residents.
JAMES H . OGILVIE, D ,) V ice -P re sid e n ts.
AUGUSTUS W . KE LLE Y, Secretary.
________ J. V . B. T H A Y E R . Assistant Secretary.
Knickerbocker Trust
Company,
« 3 4 FIFTH AVE., COR. 37 T H STREET.
Branch office, 18 W all St. and 3 Nassau St.
CAPITAL AND SURPLUS, - $ 1 ,0 0 0 ,0 0 0
DESIGNATED LE G A L DEPOSITORY.
Acts as Executor or Administrator o f Estates and
Guardian, Receiver, Registrar, Transfer and
Financial Agent for States, Cities, Towns, Railroads
.a n d other corporations.
-JO H N P. TOWNSEND, President.
CH ARLES T. B AR N EY, Vice-President.
JOSEPH T. BROWN, 2d Vice-President.
DIRECTORS t
. Joseph S. Auerbach,
John S. Tilney,
H arry B. Hollins,
E .V . Loew,
■Jacob Hays,;
H enry F. Dimock
Charles T. Barney,
John P. Townsend;
A . Foster Higgins,
Charles F. Watson,
R obert G. Remsen,
David H . King, Jr, |
H enry W . T. Mali,
Frederick G. Bourne
A ndrew H . Sands,
R obert Maclay
James H . Breslin,
C. Lawrence Perkins,
Gen. George J. Magee,
Edward W ood,
I. Townsend Burden.
W m . H . Beadleston.
A lfred L. W hite.
F R E D ’K L. ELDRIDGE, Secretary.
J. H E N R Y TOWNSEND. Assist. Secretary.
T he Nassau Trust Co.
101 Broadway, Brooklyn, M. Y ,
-C A P I T A L ....................................... $ 5 0 0 ,0 0 0
Deposits received subject to check at sight, and
Interest allowed on the resulting daily balances.
© x m x jm t x iis .
United States Trust Co.
O LD C O L O N Y
OF NEW YORK,
TR U ST COM PANY.
45 and 47 Wall Street.
CAPITAL AND SURPLUS, - $ 9 ,7 5 0 ,0 0 0
B O S T O N , M ASS.
- This company is-a legal depository fo r moneys
C apital
$ 1 ,0 0 0 ,0 0 0 00 paid into court, and is authorized to act as guardian
or trustee.
Surplus, 5 0 0 ,0 0 0 00
INTEREST A LLO W ED ON DEPOSITS,
which may be made at any time and withdrawn after
Transacts a General Banking Business- five days’ notice, and will be entitled to interest fo r
the whole time they may remain with the company.
ALLOWS INTEREST ON D AILY BALANCES SUBJECT
Executors, administrators or trustees o f estates,
and w o m e n unaccustomed to the transaction o f
TO CHECK.
business, as well as religious and benevolent institu
TRUSTEE UNDER MORTGAGES. TRANSFER AGEN’J tions, will find this company a convenient depository
fo r money.
REGISTRAR.
EJOHN A . S TEW A RT, President.
GEORGE BLISS, Vice-President.
BOARD OF DIRECTORS.
JAMES S. CLARK, Second V ice-Pres’t.
T. Jefferson Coolidge, Jr.^President''
H E N R Y L. THORNELL, Secretary.
Frederick L. Ames,
John F. Anderson.
LOUIS G. HAM PTON, Assistant Secretary.
John L. Bremer,
Martin Brimmer
T. Jefferson Coolidge,
George F. Fabyan,
TRUSTEES:
George P. Gardner
Francis L. Higginson,
W ilson G. Hunt, Jno. H. Rhoades, Chas. S. Smith,
Henry S. H owe,
W alter Hunnewell,
Daniel D. Lord, Anson P. Stokes, W m.Rockefeller,
William P. Mason
George V on L. Meyer
Samuel Sloan,
Geo. H . Warren, A lex. E. Orr,
Laurence Minot,
Richard Olney'
James Low,
W m.H. Macy ,JrGeorge Bliss,
Henry R. Reed,
Lucius M. Sargent,
W m . W . Phelps, W m .L ibbey,
W m. D. Sloane
Nathaniel Thayer
John I. Waterburyi
D. W illis James, John C. Brown, G. H . Schwab,
Stephen M. W eld,
Henry C. W eston
John A . Stewart, Edward Cooper, Frank Lyman,
T. JEFFERSON COOLIDGE, JR.,
Erastus Corning, W . B’y’d Cutting. Geo. F. Vletor,
W m . W aldorf Astor.
President.
C. 8 TUCKERMAN,
Secretary
New York Guaranty &
Indemnity Co.,
59 C E D A R S T R E E T , N E W Y O R K ,
M u tu a l Life B u ild in g .
C A P IT A L .,
SU RPLU S,
-
-
-
$ 2 ,0 0 0 ,0 0 0
$ 5 0 0 ,0 0 0
TRAN SACTS A GENERAL BAN KIN G A N D
TRUST COMPANY BUSINESS, AND SOLICITS
T H E ACCOUNTS OF CORPORATIONS, FIRMS
AN D INDIVIDUALS.
INTEREST ALLO W ED ON DEPOSITS.
EDWIN PACKARD. President.
AD RIAN ISELIN, Jr., Vice-President.
GEO, R . TURNBULL, 3d Vice-President.
HENRY A . M U RRAY, Treas. and Sec.
J. NELSON BORLAND, Assist. Secretary
DIRECTORS.
Samuel D. Babcock,
Augustus D. Jullliard,
Frederic Cromwell,
Richard A . McCurdy,
Josiah M. Fiske,
Edwin Packard,
W alter R. Gillette,
Henry H . Rogers,
R obert Goelet,
Henry W . Smith,
George Griswold H aven, H. McK. Twomhly,
Oliver Harriman,
Frederick W . Vanderbilt,
Charles R. Henderson,
William C. W hitney,
Adrian lselin, Jr.,
J. H ood W right.
EXECU TIVE COMMITTEE.
Samuel D. Babcock,
Richard A . McCurdy
Frederic Cromwell,
Edwin Packard,
George Griswold Haven, H . McK. Twombly,
Augustus D. Jullliard,
Henry H . Rogers.
Mississippi Valley Trust
Company,
Certificates o f deposits issued fo r time deposits,
on which s p e c ia l r a t e s will be allowed.
3 0 3 Nor tlx 4tlx Street,
Authorized by law to act as Executor, Adminis
trator, Committee, Guardian, Trustee, Receiver,
Fiscal and Transfer A gent and as Registrar o f
Stocks and B onds; Is a legal depository lo r
‘ T ru st Funds and for moneys paid into court.
Loans made on approved collaterals.
Checks on this Company are payable through the
-H ew York Clearing House.
S T . L O U IS , M IS S O U R I.
Interest commences from date of deposit.
A. D. WHEELOCK, President.
JOHN^RUSLO^, } Vice-Prest’s.
O. F . RICHARDSON, Secretary.
TRUSTEES »
W m . Dick,
A . D. Baird
‘ Darwin R. James,
B. B. Tuttle,
■John Truslow,
Ditmas Jewell,
F . W . Wurster,
Bernard Peters,
W m . E. Horwill,
J. B. Voorhees,
A , D. W heelock,
W m . F. Garrison,
Jno. T. W illetts,
Chas. H. Russell,
John Loughran,
Edward T. Hulst,
Jno.McLaughlin,
A . M. Suydam,
W m.E. W heelock
O. F. Richardson,
Henry Seibert.
St. Louis Trust Co.,
-CORNER 4th AND LOCUST STREETS
St. L o u is, M o .
Capital............................................. $ 1 ,5 0 0 ,0 0 0
UNDER ST AT E SUPERVISION.
$ 3 0 0 ,0 0 0 deposited with State Officer to
protect trust liabilities.
A GE N ER A L TRUST COMPANY BUSINESS.
Allow s Interest on Deposits.
.
„
,
Authorized to act as Executor, Guardian, Receiver,
Trustee, &c. Manages Estates. Collects Rents.
Becomes Surety on all kinds o f Court Bonds.
Has Safety Deposit V aults; a Savings Department.
INVESTMENT SECURITIES A SPECIALTY.
DIRECTORS!
_ „
Charles Clark,
L. G. McNair,
Chas. H . Bailey;
Thos. T. Turner, John D. Perry, F. W . Paramore,
W m . F. Nolker.
John Scullin,
Geo. H . Goddard,
T. O’Reilly, M .D., B .F . Hammett, James Campbell,
S am i M. Kennard, 8. E. Hoffman, August Gehner,
Aug. B. Ewing,
D. W . Caruth, Julius S. W alsh,
8. R . Francis.
B. F. Hobart. Williamson Bacon,
OFFICERS:
J u l iu s S. W a l s h , President.
J o h n D. P e r r y , 1st Vice-President.
J o h n Sc u l l in , 2d Vice-President.
B r e c k i n r i d g e J ones . Secretary.
Manhattan
Trust
Co.
Corner of W all and Nassau Sts., N. Y.
CAPITAL, . . . . . . . V . $ 1 ,0 0 0 ,0 0 0
DIRECTORS
F. O. French, N. Y . ‘
H . W . Cannon, N. Y .
....... J o h n R. Ford, N. Y .
R. J. Cross, N. Y .
H . L. Higginson, Boston. T . J. Coolidge, jr., Bos.
August Belmont, N. Y .
James O. Sheldon, N. Y .
E. D. Randolph, N. Y .
A . S. Rosenbaum, N. Y . _
H . O. N orthcote, N. Y .
John N. A Griswold, N. Y .
C. C. B aldwin, N. Y .
Sam’l R . Shipley^Phila.
Chas. F. TagTN. Y
R . T. Wilson, N. Y .
John Kean, Jr., N. J.
J. I. W aterbury, N. Y
F. O. French, President.
J. I. W aterbury, V.-Pre*
A . T. French, Secretary and Treasurer.
ALLOW S INTEREST QN DEPOSITS. E X E
CUTES TRUSTS OF E V E R Y DESCRIPTION
REG ISTR AR AN D TRAN SFER AG8BNT
Assets Dec. 3 1 , 1 8 9 1 ......$ 6 ,7 3 7 ,9 8 8 3 7
Su rplu s............... ..................
6 4 9 ,0 4 1 05
1850.
1892.
The United States Life
Insurance Co.
IN T U B C IT Y O F N E W Y O R K .
NEW INSURANCE WRITTEN.
1888............. $6,335,666 50 11890............. $11,955,157
8,463,625 00 11891............. 14,101,654
1889.
GEO. H. BURFORD President.
C. P . F R A L E IG H ,
A . W H E E L W R IG H T
Secretary.
Assistant Secretary
W M . T . STANDEN, Actuary.
T he tw o m ost popular plans o f L IFE INSUR
ANCE are the CONTINUABLB TERM POLICY
which gives to the insured the greatest possible
am ount o f indem nity in the event o f death at th
low est possible present cash ou tla y; and the
GU A RA N TE ED INCOME POLICY, which embraces
every valuable featu re o f investm ent insurance,
and which, in the event o f adversity overtaking
the insured, m ay be used as C O LLA TER A L SE
C U RITY FOR A LOAN to the extent o f the fu ll
legal reserve value thereof, In accordance with th e
term s and conditions o f these policies.
Good A gents, desiring to represent the Company
abeinvited to address J , 8 , G A F F N E Y . Super
intendent o f Agencies, at H om e Office.
SECURE BANK V A U L TS .
GENUINE
WELDED CHROME STEEL AND IRON
In Round and Flat Bars, and 5-ply Plates and Angle
FOR SAFES, V AU LTS, Ac.
Cannot be Sawed, Cut, or Drilled, and positively
Burglar-Proof.
Capital and Surplus, . $ 3 ,0 0 0 ,0 0 0
C H R O M E STBEL W O R K S ,
DIRECTORS!
SoleM an’f ’e rsin t& e U .8.
B R O O K LY N ,N . Y?
John T. Davis,
Alvah Mansur,
Daniel Catlin,
Edward S. Rowse,
Sami W. Fordyce,
Jno. A. Scudder,
3 7 a n d 3 9 W a l l Street. N ew Y o r k ,
.Adolphus Busch,
Edward C. Simmons,
'Henry C. Haarstick,
Edwin O. Stanard,
Paid-Up Capital......................... •
1»228’888
Wm. L. Hase,
J. C. VanBlarcom,
¡Surplus.................................
7 0 0 ,0 0 0
Chas. D. McLure,
Thos. H. West,
Designated as a legal depository b y order of.
Edwards Whitaker.
Snpreme Court. R eceive deposits o i m oney on in
terest, act as fiscal or transfer agent, or trustee fo r
"THOS. H. WEST, President,'-’
corporations, and accept and execute any legal trusts
JOHN D. FILLET, Secretary.
from persons or corporations, on as favorable terms
A. C. STEWART, Counsel. as other similar companies.
GOLD MEDAL, Paris exposition, 188«.
Allows Interest on Deposits. Executes Trusts of Thomas Hillhousc, Pres. Fred’kD.Tappen, V.-Pres
0.
Beverly
•«very Description. Acts as Registrar and Transfer .* M. Jesup, 2d V.-Pres. Aimmaii Chew, Secretary.
n rin.na*
R
oatmapyJ'
THE HOST PERFECT OF PENS.
A gen t, Ac
Metropolitan Trust Co.
JOSEPH GILLOTT’ S
STEEL PEN S.
▼
i
T H E ] [C H R O N IC L E
%usnxxu£t.
3T lis c t X X a t t c o t i0 .
O F F IC E O F T H F
[V ol . LIT
[SECOND E D IT IO N .]
TH E
A T L A N T IC M U TU A L
Insurance Company,
J P t e c e lX a n e o u s .
The Security Mortgage &
Trust Company
Financial R eview .
[(A N N U A L.)
eass
aiai -a . s»
*
*
A
OF DALLAS, TEXAS.
11892.
Capital Paid la ..................... $ 5 0 0 ,0 0 0 00
Assets Dec. 3 1 , 1S91, over $ 2 ,099 ,91 1 68
_
OFFICERS.
Y ear B ook ,
OP
New Y ork , January 25th, 1892.
The Trustees, In conformity with the Charter
of the Company, submit the following state
ment of its affairs on 31st day of December,
1891.
Premiums on Marine Bisks from
1st January, 1891, to 31st
December, 1891....................... $3,862,687 97
Prem’ms on Policies not marked
off 1st January, 1891............... 1,394,177 87
Total Marine Premiums....... $5,256,865 84
Premiums marked off from 1st
January, 1891, to 31st De
cember, 1891............................ $3,784,723 36
Losses paid during the same
Period.................................. $1,836,325 11
Returns of Premi• urns andExpenses.$784,790 57
The Company has the following Assets, rtz.:
United States and State o f New
York Stock, City, Bank and
other Stocks.............................. $7,567,155 00
Loans secured by Stocks and
otherwise.................................. 2,009,100 00
Beal Estate and Claims due the
Company, estimated at............ 1,083,400 36
Premium Notes and Bills Re
ceivable....................................
1,425,030 93
Cash in Bank...................
193,895 88
Amount.................................. $12,278,582 17
SIX PER CENT INTEREST on the outstand
ing certificates of profits will be paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 2d of February next.
THE OUTSTANDING CERTIFICATES of
the issue of 1887 will he redeemed and paid to
the holders thereof, or their legal representa
tives, on and after Tuesday, the 2d of Febru
ary next, from which date all interest thereon
will cease. The certificates to be produoed at
the time o f payment and canceled.
FINANCIAL
C O N T E N T S :
DIRECTORS.
Retrospect o f 1 8 9 1 .
3. C. O’Co n n o r , President City National Bank.
Clearings a n d Speculation,
J. T. T r e z e v a n t , A ssociate Manager S. W . Dep’t
Fire A ssociation o f Philadelphia.
m ercantile F a ilu res.
J. T. D a r g a n , V ice-President.
B an k in g a n d F in a n cia l—
Sa m P. Co c h r a n , A ssociate Manager S. W . D ep’t
A m erican Fire Ins. Co. o f Philadelphia.
Report of U. S. Secretary of Treasury.
T. L . Ma r s a l i s , President Dallas Land & Loan Co.
Report of Comptroller of the Currency.
G u y Su m p t e r , Capitalist, (Late A ss’t-Treasurer
New York City—Bank Returns, <tec.
Texas & Pacific Railway Company.),'
Great Britain in 1891.
A l e x . Sa n g e r , o f Sanger Bros., W holesale and
Retail Dry Goods.
Com m ercial—
T. 8. M il l e r , o f Leake, Shepard & Miller, A ttor
neys at Law.
United States—Foreign Commerce, Trade
Balance, U. 8. Exports and Imports of D. E. Gr e e r , A ttorney.
Leading Articles.
T b e m on ey m arket—
Advisory Committee of Stockholders,
Influences, and Prices of Call Loans and
Philadelphia.
Commercial Paper since 1883.
I. J. W IST A R , Chairman.
Gold and Silver—
George W . Blabon,
George F. Tyler,
Production, Consumption, Exports and Im 3. N. Hutchinson,
George De B. Keim,
ports of Gold and Silver in the United George M. Troutm an,
John J. Zeigler.
States and abroad.
Six per cent 5-year Gold Mortgages on Texas city
Foreign E x c h a n g e cou
properties.
Market and Prices in New York, 1876-1891 andlso 6ntry cen t 10-year Gold Debentures based on
A
per
In vestm en ts and S p e c u la tio n such m ortgages, interest and principal payable
Compound Interest Table, Showing Accu either in New York, Baltimore, Philadelphia or
London.
mulations of Money in a Series of Years.
Collect claims o f all kinds anywhere in Texas o r
Table Showing the Rate Per Cent Realized the Southwest.
Make sales, pay taxes, collect rents, and deal in
on Securities Purchased at different pricer
select Municipal and Corporation Bonds.
(without regard to date of maturity.)
A ct las Trustee, E xecutor, A dm inistrator, Guar
Stock Speculation in New York.
dian, R eceiver and Financial A gen t fo r E states.
Cities, Railroads, etc.
United States Debt and Securities—
Debt of the United States, 1793-1891.
Prices of U. S. Bonds. 1860-1891.
State D ebts and Securities—
State Debts and Immunity from Prosecution.
SUCCESSOR TO
Prices of State Securities, 1860-1891.
B r in c k e r lio fl, T u r n e r & C o .,
R ailroad s an d their Securities—
M A N U FAC TU RE R AN D D E A L E R IN
Railroad Statistics of the United States.
Railroad Earnings in 1890 and 1891.
Prices of Railroad Bonds, 1887-1891.
The New York Stock Market, 1867-1891.
AND ALL KINDS OP
Prices of Railroad Stocks, 1887-1891.
COTTON CANVAS FELTING DUCK,
Boston Stock and Bond quotations, 1891.
Philadelphia Stock and Bond quotations,
C A R COVERING. BAGGING,
1891.
RAV E N S DUCK, SAIL TW INES, *C „
Baltimore Stock and Bond quotations, 1891.
“ ON TARIO ” SEAMLESS BAGS.
R ep orts o f Tru st Com panies in New
"A W N IN G ” STRIPES.
York and Brooklyn.
A lso . A g en ts
UNITED STATES BUNTING CO.
A p pen d ix—
J. Spencer Turner,
C O T T O N SAIL DUCK
Dividends for Seven Years on RR. ■Stocks
Railroad Stocks and Bonds—Deseription
and Financial Condition of Companies,
Earnings, &c.
Railroad Earnings by Months for four
Years past on Leading Roads
New York Bank Stock Table.
New York Insurance Stock Table.
City Horse RR. Stocks and Bonds.
Local Gas Co.’s Stocks and Bonds.
J . H . C H A P M A N , Secretary.
Bound in red cloth, - - - - - - $ 2 00
To Chronicle Subscribers, - - - - - 1 50
TRUSTEES:
W I L L 1 A R B . DAJVA & CO.,
Charles H. Marshall,
Charles D. Leverieh,
Edward Floyd Jones,
George H. Macy,
^awrence Turnure,
Waldron P. Brown,
Anson W. Hard,
Isaac Bell,
N. Denton Smith,
Thomas Maitland,
George L. Nichols,
Gustav Amsinck,
Joseph Agostini,
George W. Campbell,
Vernon H. Brown,
Christian de Thomsen,
Leander N. Lovell.
JOHN d . JONES, Président.
W. H. H. MOORE, Vice-President.
A. A. RAVEN, 2d Vice-President.
A full supply, all W idths and Colors, always
took.
I n v e s t o r s ’ Su p p l e m e n t .
A DIVIDEND OF FORTY PER CENT Is
declared on the net earned premiums of the
Company for the year ending 31st December,
1891, for which certificates will be issued on
and after Tuesday, the 3d of May next.
By order of the Board,
J. D. Jones,
W. H. H. Moore,
A. A. Raven,
Joseph H. Chapman,
James Low,
Wm. Sturgis,
Benjamin H. Field,
James G. De Forest,
William Degroot,
William H. Webb,
Horace Gray,
William E. Dodge,
George Bliss,
John L. Biker,
C. A. Hand,
John D. Hewlett,
Charles P. Burdett,
Henry E. Hawley,
INFORMATION.
275 P A G E S.
J. T . TREJZEVANT, President.
J. T . D A R G A N , 1st Vice-President.
J. C. O’CONNOR, 2d V ice-President.
G U Y SUM PTER, 3d Vice-President.
W . W . RODGERS, Secretary.
E. M. REARDON, Treasurer.
B A R R O W , W A D E , G U TH R IE & CO., o f New York,
A uditors.
(P U B L IS H E R S ,
1 02 W illia m
S tre e t, N e w Y o r k .
N o. 109 D uane Street.
Bliss, Fabyan & Co*,
MEW Y O R K , BOSTON, PH ILA D ELP H IA
S e l l in g
agen ts fo r
L e a d in g B r a n d s
BROWN
and BLEACHED SH IR TIN G
and SHEETINGS,
PRINTS, DENIMS, TICKS, DUCKS, *0.
Vowels, Quilts, White Goods and Hosiery
Drills, Sheetings, «6c., tor Export Trade.
Geo. Copeland & Co,,
COTTON BROKERS,
N o rth
British
& Mercantile Ins
13 4 P E A R L S T R E E T , N E W Y O R K .
Co
OF
LO N D O N A N D E D I N B U R G H .
SAM . P. B L A G D E N , Manager.
W M . A . FRAN CIS, Assistant Manager^
R. H . W A S S , General Agent.
W . R. EC K ER , Assistant Gen. Agent
w H, M. JAC K SO N , Secretary,
j
U. S. BRANCH OFFICE,
*N6. 54 WILLIAM ST., N. Y.
Bought und Sold.
Send fe Lists.
G E O . A . L E W I S & CO ., B a n k e r s ,
1 3 2 LA SALLE STREET, CHICAGO.
ATLANTIC MUTUAL INS. CO. SC R IP
Dealt in by!
AUGUSTUS F L O Y D ,
3 2 PINE ST R E E T , NEW VOtíífc.
A
p b il
THE
2 , 1Ö92.J
ffim tu cia t,
vil
C H R O N IC L E
O n c tio n s .
I P iia n c ia L
Investments in the South.
Exchange Banking &
Trust Company,
A New Coal Field and Richard V. Harnett&COr
Henry W. Donald, Auctioneer.
Timber District.
The OHIO EXTENSION of the NORFOLK &
WESTERN RAILROAD penetrates one of the
most valuable coal and timber districts In the
United States. The line of this extension is
CHARLESTON S. CM
193 miles in length, from Coal Grove, Ohio,
Transacts a General Banking and Trust
Business. Savings Department. Interest via Kenova, W. Va., to Elkhorn, W. Va., of
which 5 4 miles to Dunlow, W. Ya., is now
Allowed on Deposits.
Investments made (ax usual rates o f commission) opened for business and the entire line is under
n safe and reliable interest-paying Southern secur construction and will he completed early in the
ities, and 1st mortgage loans on improved city and
town real estate. Correspondence solicted as to all fall of 1892. It passes through virgin country
Boutherni nvestments. Being within easy reach abounding in gas, splint, cannel, steam, coking
o f all parts o f the South thorough and careful inves
tigation can be made o f intended investments or and domestic coals and fire-clay; chestnut-oak,
purchases.
white-oak, beech and poplar timber. Those
¡O FFICERS.
looking for advantageous sites for the location
GEO. B. EDW ARDS, President.
of saw-mills or tanneries and establishments
P. N. PICKENS, Cashier.
H. C. W HILDEN, Secretary and Treasurer.
for the manufacture of furniture, wagons, agri
J. LA M B PE RRY, Solicitor.
cultural implements, wood-pulp, fire-brick or
SM YTHE & LEE, General Counsel.
manufactured iron articles, should investigate
D IR E C T O R S.
A. 8. J. P e r r y , o f Johnston, Crews & Co., wholesale the resources of this new field. The new town
drygood s.
_
„ „
, ,
of Kenova, W. Va., offers many advantages for
W tllia m m . B i r d , o f W m . M. Bird & Co., wholesale
the location of manufacturing establishments,
paints and oils.
J a m e s A l l a n , o f James Allan & Co., jewelers.
J. H . F. K o e n ig , with Knoop, Frerichs & Co., cotton also the territory 'opened up by the Norfolk &
exporters.
_
„
Western Railroad pn the north hank of the Ohio
Geo. B. E d w a r d s , Pres. Electrio Light & Power Co
River, between Kenova, W. Va., and Ports
mouth, Ohio. For the manufacture of finished
iron articles the district offers unequaled ad
vantages, with supply of coal and Pocahontas
FIRST MORTGAGE GOLD BONDS,
coke on short hauls, and with the blast fur
Amounts $500 to $10>000.
naces o f the Ironton, Hanging Rock and Ash
GOLD DEBENTURE BONDS,
land district in close proximity. Favorable
5, 7 and 10 Years,
freight rates made upon raw materials to all
A T LA N TIC TRUST CO., N EW YORK, TRUSTEE
manufacturing establishment on this line.
Amounts $ 1 0 0 to $ 1 ,000 .
For further information as to freight rates,
A FE W CHOICE
maps, names of parties to whom application
should he made for coal leases, Ac., apnly to
7 PER CENT FIRST MORTGAGES.
JOHN J. ARCHER,
W rite fo r Description.
DIv. Freight Agent, Columbus, Ohio.
Or
CHAS. G. EDDY,
Vice-President, Roanoke, Va.
ISO B RO AD W AY, NEW YO R K .
6 % IN V E S T M E N T S 6 %
Lombard Investment Co.
IN V E S T M E N T
BONDS.
6J Per Cent 10-15 year First Mortgage
-6
Gold Bonds.
TRU STEE-TH E STATE TRUST CO.,
No. 50 W all Street, New York City.
PARTICULARS UPON APPLICATION.
The Gurley Investment
Company,
DENVER,
C apital an d Surplus,
CO EO .
-
$ 5 0 0 ,0 0 0
SOUTH ERN
California Securities
W. T. IRWIN.
FRANK ELLIS.
CORRESPONDENOE SOLICITED.
The L. H. Griffith Realty &
Banking Company.
S tocks a n d R o n d s o f th e N e w
a r k P a ssen ger a n d R a p id T ra n sit
S treet R a ilw a y C om p an ies
D E A L T IN B Y
J. S. R1PPEL,
(By order o f Receiver.)
200 shares J. M. Harding Manufacturing Co., $25
each.
(For account o f whom it may concern.)
10 shares Continental Trust Co., $100 each.
160 shares Phenix National Bank, $20 each,
20 shares Southern National Bank, $100 eaeh.t
60 shares Mechanics’ National Bank. $25 each.'
14 shares W estern National Bank, $100 each.
60 shares National Shoe & Leather Bank, $100 each.
26 shares Market & Fulton National Bank, $100
each.
10 shares Importers’ & Traders’ National Bank,
.
$100 each/
60 shares National Bank o f Commerce, $100 each.
50 shares National Butchers’ & Drovers’ Bank, $25
100 shares Irving National Bank, $50 each.
60 shares American Exchange National Bank, $100
each.
15 shares National Park Bank, $100 eaeb. ,
$2,000 Syracuse Binghampton & New York RR. Co.
1st Mortgage 7 per cent Bonds, due 1906.
Interest April and October.
$5,000 Morris & Essex R R. Co. 1st Mortgage 7 per
cent Bonds, due 1914. Interest May and
November.
$5,000 Pittsburg Fort W ayne & Chicago Railway Co.
3d Mortgage 7 per cent Registered Bonds,
due 1912. Interest A pril and October.
Maps at auctioneers’, 71 and 73 Liberty St.
N. B.—Sales should be received by noon on Friday
to get the benefit o f advertising In this paper.
STO CK S and BONDS
A t Auction.
T he undersigned h old R E G U L A R WEEKLY
AUCTION SALES o f all classes o f
NO.
EVERY WEDNESDAY.
Stock, Bond and Note Brokers,
51
WEST
TH IRD
STREET,
CINCINNATI, OHIO.
A D R IA N
I I . M U L L E R & SOM,
NO. 1 PINE STREET, NEW YORK.
W il l ia m W ilson & Sons , Established 1802.
W il s o n , Colston & Co.,
“
1867.
ALL CLASSES OF R AILW AY BONDS
Wilson, Colston & Co.,
AND STOCKS
Members o f Baltimore Stock Exchange.
BAN K ERS,
3 1 6 East Baltim ore Street, B altim ore.
Investm ent and Miscellaneous Securities a speci
BOOKS
ACCOUNTANT AUDITED
(Including Street Railway)
D E A L T IN B Y
SAM UEL
H. BARROW S, 34
N ew S t .
Jos. C. Platt, C. E.,
CO NSULTING E N G IN E E R ,
W A T E R F O R D , N. Y .
New forma designed for books of act onnt.
Settlement oj Insolvent Estates.
418 Exchange Building, 63 State Street Boston.
Examinations and Reports for Investors.
ESTABLISHED 1866.
W ANTED:
E u gen e R ( Cole,
Hunt’s Merchants’
¡azine.
Magi
S T A T IO N E R AND P R I N T E R .
Supplies Banks, Bankers. Stock Brokers and Cor
porations with com plete outfits o f A ccou n t Book,
and Stationary.
| W New concerns organizing will have the!
orders promptly executed.
Mo. 1 W I L L I A M S T R E E T .
W I L L I A M H E N R Y CHANDLER
W A L D R O N SHA P L E I G H ,
A COMPLETE SET.
Address, giving prtee,
W I L L I A M B . D A N A Ac CO .,
'•HANOVER SQUARE.)
103 William Street, New York.
&
Chemical Engineers and
Consulting Chem sts.
Wm. G. Hopper & Co., Chemical Industries Investigated, New Processes
7 C lin ton Street, N ew a rk , N. J .
3 8 SOUTH THIRD ST., PHILA,
(E xecutor’s Sale. Estate o f J. S. Cooley, deceased.)
152 shares Celluloid Co., $100 each.
SUCCESSORS TO
W M . F R A N K LIN H A L L ,
Seattle, Washington.
TUESDAY, April 12, at 12:80 P. M.
A t the Real-Estate Exchange & A uction Room,
Nos. 69 to 66 Liberty St.
Morehead, Irwin & Co.,
OF TH E HIGHEST CHARACTER.
10 Per Cent City and County Warrants.
9 Per Cent First Mortgage Loans,
8 Per Cent 8cbool Bonds.
S to ck s a n d B o n d s ,
N
Irwin, Ellis & Ballmann, S T O C K S AON D B O N D S
7 Per Cent Debenture Bonds.
8 Per Cent Guaranteed Mortgages.
60 B R O A D W A Y , N E W Y O R K
OF
F. H. BALLMANN
alty, and whole issues handled.
Exceptional facilities for dealings in all classes o f
Southern Bonds. Loans on Collateral Securities
negotiated.
W . R. T . Johnston,
REGULAE AUCTION SALE
Examined. Plans and Specifications of W orks Fur
nished. A lso Yearly Contracts fo r Consultations.
Rooms 97 «S 98, 8<» Broadway, New York.
í
R. T. Wilson & Co»,
BANKERS AND COMMISSION MERCHANTS
« a w » l l «*»r«»t N ow Y o r k . ..
ANTV
66.
L he Board o f DIVIDEND NO.declared a quarterly
T
Directors have
o n g
is l a n d
r a il r o a d c o m p
dividend o f ONE A N D ON E -Q U A RTE R Pififfc
S tock s and Bonds bought and sold on ComCENT upon the capital stock, pavable May 2,1892,
mission for Cash, or carried on favorable terms.
THE W ALL STREET JOURNAL.
T ransfer books close April 11 and reopen May;3,
In terest a llow ed on balances. Correspondence A n invaluable financial d a lly: $5 a year. Sample copy 1892.
GEO. S. EDGELL, Treasurer.
N e w Y o r k , April 6, 1892.
free. DOW , JONES A CO., Publishers, 41 Broad St.
solicited.
THE
C H R O N IC L E .
IV ol . L IV ,
Jpimtixml.
i
F IR ST GENERAL MORTGAGE 5% FORTY YEAR
GOLD BONDS
OF THE
EVANSVILLE AND RICHMOND R. R. CO.
Principal and Interest absolutely guaranteed by the
' a u a x
a u a x n u n «
K A ll jW A I
tjif.
U
40 AND 42 W A L L STREET,
_
.
.
„ ,,
March 23,1892.
The Board o f Directors o f this Company have de
clared a quarterly dividend o f ONE AND ONEQU A RTE R P E R CENT on thelPreferred Stock]^pay
able at this office on and after May 2,1892, to stock
holders o f record on that date.
F or the purpose o f this dividen d, and also fo r the
purposes o ft h e bond subscription referred to in the
circular o f President Hill to the shareholders, dated
March 22,1892, the stock transfer books will be closed
at 3 p . M. April 25 and reopened at 10 A . M. May 3.
1892.
E. T. NICHOLS, Secretary.
J ^ O R F O L K & W ESTERN R R . CO.
Evansville & T erre H a u te R . R . C o .
After a thorough investigation of the E v a n s v i l l e & T e r r e
R a i l r o a d system, we have contracted for the entire amount
o f these bonds in the treasury of the company.
H
aute
Price of Bonds and circulars containing detailed information
and map can be obtained upon application, in person or by letter.
H ARVEY
28
N a ssa u
F IS K
S tre e t, N e w
& SO N S,
Y o r k
C it y .
Memoranda o f investment securities fo r sale, mailed to any address on request.
P h il a d e l p h i a , March SOth, 1892.
N otice is hereby given that the Board o f Directors
has declared on the preferred stock o f this Company
a dividend o f one and one-h alf dollars per share
out o f the surplus incom e o f t h e Company, payable
at the office o f the Treasurer, on and after April
29th, 1892, to the stockholders as registered at 3
o ’clock P. M. on A pril 16th, 1892.
The transfer books will be closed from 3 o ’clock,
P. M., April 16th, 1892, until 9 o ’clock, A . M „ May
6th, 1892.
A . J. H E M PH ILL,
Secretary.
T H E M IC H IG A N C E N T R A L
-L
R A IL R O A D COMPANY,
T r e a s .’ s Of f ic e , Gr a n d Ce n t r a l St a t io n ,
N e w Y o r k , March 28,1892.
The STOCK TR AN SFER BOOKS o f this company
will b e closed a t' T W E L V E o ’clock noon on SAT
U RD AY , the SECOND day o f April (for the pur
poses o f the next annual meeting o f the stock
holders) and will be reopened on the morning o f
F R ID A Y , the SIXTH day o f M A Y next.
H E N R Y P R A T T , Treasurer
X TO RTH ERN PA C IFIC R A IL R O A D CO.
N e w Y o r k , April 8,1892.
T o th e H o ld ers o f V o tin g Trustees’
Certificates fo r 1 st and 2d Preference
Stock o f the
Richmond & West Point
Terminal Railway & Chesapeake & Ohio Rail
Warehouse Co.
way Co.
NOTICE.
A L A R G E AMOUNT OF TH E BONDS
AND STO C K OF T H E RICH M OND &
W E S T POINT TE R M IN A L R A I L W A Y &
W A R E H O U SE COM PANY AND OF TH E
U N D E R L YIN G SECU R ITIES H A S BEEN
D EPO SITED UNDER T H E PLAN OF R E
O R G A N IZA TIO N OF M A R C H 1, 1892,
LOD G ED W IT H TH E C E N T R A L T R U ST
COM PANY OF NEW Y O R K .
H olders o f the T erm inal Company securi
ties must elect ON O R B E F O R E T H U R S
D A Y , T H E 14T H INST., i f they w ill become
parties to the plan form ed to protect their
interests and property.
The Committee desires to impress upon the
holders of Term inal Securities that the de
posit of a m ajority o f these securities on the
14th inst. w ill show a united interest and
p ractica lly dem onstrate that the Plan of
R eorga n iza tion w ill be ca rried through.
T he Central Trust Company Certificates
w hich are being issued in exchange for the
securities deposited under the plan of reor
gan ization H A V E BEEN L IS T E D ON TH E
N EW Y O R K STOCK EXCH ANGE.
The holders o f the securities o f the a u x ili
a ry corp oration s a re in vi e«t to co-operate
and become parties to the plan to preserve
the integrity o f this la rge system of R a il
roads, the disintegration o f which w ould
p rove disastrous to such securities.
Copies of the i'lan of R eorgan ization may
be had a t the office o f the Central Trust
Com pany o f New Y ork .
New Y o rk , A p ril 7 , 1 8 9 2 .
F R E D E R IC P . OLCOTT,
O L IV E R H . PAYNE,
F R E D E R Il K D. TAPPEN,
W IL L IA M H. P E R K IN S,
H E N R Y BUDGE,
H . C. FAH N ESTO CK ,
J . KENNEDY TOD
Committee.
GEORGE! S. ELLIS, Secretary.
54 W all Street. New York.
T H E N ATION AL S T A R C H M ANUFAC-*■
t u k in g c o m p a n y .
o f t h e T r e a s u r e r , 29 B r o a d w a y , )
N e w Y o r k , April 6,1892.
)
semi-annual FOUR P E R CE nT dividend due
O ff ic e
The
M ay 1,1892, on the first preferred stock o f this com
pany will be paid at this office on May 2 to stock
holders o f record at the closing o f the books April
16,1892.
T he transfer books will be closed at 3 P. M., April
16, and reopen at 10 o ’clock Tuesday morning, May 3.
T he coupons due May 1,1892, on the bonds o f the
National Starch Manufacturing Company will be
paid on Monday, May 2, upon presentation at the
Chase National Bank, New York.
CHARLES C. BURNS, Treasurer.
H olders o f over two-thirds in amount o f each class
o f Chesapeake & Ohio Railway Company stock trust
certificates issued by the undersigned having as
sented to the creation o f the securities outlined in
the plan set forth in said Company’s circular o f Jan.
22,1892, said plan has been carried into effect and
securities have been issued and delivered to us to
enable us to proceed with exchanges thereunder*
Holders o f our certificates for first and second prefer
ence shares may now exchange them at the office o f
Drexel, Morgan & Co., 23 W all Street, New York,
who will make exchanges without delay.
The basis o f exchange, as set forth by the Railway
Company in said circular o f January 22,1892, i s :
The first preferred stockholders to receive tw othirds o f the fa ce value o f their stock in its new 4)4
per cent General Mortgage Bonds, bearing interest
from July 1,1892, and one-third in com m on stock
trust certificates. The second preferred stockholders
to receive one-third o f the face value o f their stock
in like bonds and two-thirds in com m on stock trust
certificates. Fractions will be adjusted by equitable
cash settlements.
The bonds are fo r $1,000 each, and bear interest
from March 1,1892, and their recipients, under this
notice, may either pay the fou r m onths’ interest
(from March 1 to July 1), viz., $15 per bond, in cash,
or the company will detach the September coupon
and pay the interest from July 1 to September 1,
viz., $7*50 per bond in cash.
Pursuant to arrangements made fo r the purpose,
the shares o f preference stock so exchanged will be
transferred and placed in trust, being marked “ nonnegotiable,” it being intended that they shall be so
held until all, or nearly all, the preference shares
shall have been exchanged, when they may be can
celed, unless it should be decided to cancel them at
an earlier date.
J . H E R P O N T MORGAN.
JOHN CKOSBY BRO W N .
GEORGE B L I-S ,
Voting Trustees.
Valuable Copper Mining Property
For Sale.
h e s a i n t m a r y ’s c o p p e r m in in g c o m
p a n y , at their last Stockholders’ Meeting, voted
not to extend their charter, but to sell their real
estate and wind up the corporation. Accordingly
they now offer fo r sale their Mining Location in
H oughton County, Michigan. This consists o f the
North half (N ^) o f Section Eighteen (18) in Township
55 North o f Range 33 West, and the North half (NJ4)
and the 8outh West quarter (S. W . 14) o f Section 13,
Township 55 North o f Range 34 W est. The lands
contain 800 acres in one body and extend fo r two
miles from East to W est across the very heart o f the
Mining District o f Lake Superior. The Mineral
Range railroad traverses the entire length o f the
property. T he “ Pewablc L ode” has a length o f 3240
feet across the North H alf o f Section Eighteen, and
both the “ Albany & Boston Conglomerate” and the
“ Epidote L ode” traverse the same section with the
same length o f vein. This property is one o f the
m ost promising and valuable fo r exploitation in the
« opper District, and must be sold to close up the
Company’s affairs. Applications fo r the purchase o f
same will be received at the Company’s office. No. 68
Devonshire St., R oom 14, Boston.
T
FRED’K BECK, Treasurer.
lv
T r e a s u r e r ’ s Office , n o . 17 B r o a d St .,
N e w Y o r k , Feb. 18,1892.
A dividend o f ONE D O L L A R per share has this
day been declared on the preferred stock o f this
com pany fo r the quarter ending Dec. 31,1891, pay
able A pril 15, 1892, to holders o f record March 11
1892. The transfer books o f the preferred stock
will close at 3 o ’clock P. M. March 11,1892, and
remain closed until 10 o ’clock A . M. A pril 19,1892.
By order o f the Board o f Directors.
GEORGE S. B A X T E R . Treasurer.
na
nal co
a
c
pan
, April
T h eBoardtoifoDirectorsN r dY g eday o m 5,1892.y .
The
have this
declared the
ew
ork
regular quarterly dividend o f TW O P E R CENT on
the Preferred and TW O AN D ON E -H ALF P E R
CENT on the Common Stock o f this Company, pay
able May 2 next at the transfer office o f the Com
pany, 135 Front St., this city. T he books will close
A pril 15 and reopen May 3 next.
_
CHARLES DAVIS. Treasurer,
Office oi the
„
EDISON G EN ERAL E LE C TR IC CO..
Edison Building, B road St.,
N e w Y o r k , April 1,1892.
T o the stockholders o f the Edison General Electric
Company :
,,
T he tenth quarterly dividend o f 2 per cent on all
the stock o f this company has been declared by the
Board o f Directors, due and payable on May 2,1892,
at the office o f this company, to holders o f record
April 20,1892.
, _ „
T he transfer hooks will be closed at 3 o ’clock P. M.
on April 20,1892, and reopened on May 3,1892.
B y order o f the Board o f Directors,
A . MARCUS, Secretary.
THE CANADIAN PACIFIC RAIL’ I CO.
NOTICE TO SH A R E H O L D E R S .
T he Eleventh Annual Meeting o f the Shareholders
o f this Company fo r the election o f Directors and
the transaction o f business generally will he held on
W e d n e s d a y , the 11th d a y o f M a y next,
at the principal office o f the Company, at Montreal,
at 12 o ’clock noon,
The Meeting will be made special fo r the purpose
o f considering, and o f taking such steps as may be
deemed expedient in order to give effect to any legis
lation by the Parliament o f Canada, during its present
Session, authorizing th e issue o f additional Consoli
dated Debenture Stock in exchange fo r Mortgage
Bonds o f which the principal or interest Is guaran
teed by the Company, and o f authorizing such issue:
such bonds to be held as security fo r the holders o f
Consolidated Debenture Stock.
The Transfer Books o f the Company will close in
Montreal and New York on Saturday, April 30th,
and in London on Tuesday, Aprii 19th, and will be
re-opened on Thursday, May 12.
By order o f the Board,
CH ARLES D R IN K W A T E R , Secretary.
M o n t r e a l , 6th April, 1892.
© h ro u ic lc .
Annual Subscription:
In the United States and C ana d a ....# 1 0 OO
In E u rope........... ......................(¿£2 8s,) 11 5 0
These prices include
In vestors’ Supplement o f 150 pages.!
State and City Supplement oi 184 pages.
W IL L IA M B. DANA A CO., P u blishers
1 0 9 W illia m Street. NEW Y O R K .
P ost Office B o x 958.
H U N T ’S
M E R C H A N T S’
M A G A ZIN E ,
§ iw s * p a p * * ,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES^
Entered according to Aot of Oongress, in the year 1892, by Wm . B. D ana & Co., in the office of the Librarian of Congress, Washington, D. O.]
V O L . 54.
S A T U R D A Y , A P R I L 9, 1 892.
N O . 1,398.
For the month of March the increase over a year ago
reaches 25-1 per cent in the whole country and 13-8 per cent
outside of New York. The aggregate since January 1 exhibits
a gain over 1891 of 22 '6 per cent.
'£lxe © hrouticle.
CLEARING HOUSE RETURNS.
March.
Three Months.
The total for the whole country exceeds the aggregate for
1891.
1892.
1891.
the preceding week by seventy-three and three-quarter mil
lions of dollars, accounted .fo r in part by the usual monthly
$
3,260,616,523 2,446,106,522 +33"8 10,046,731,425 7,707,612,984
payments of interest, &c. Contrasted with the similar period New York.
of 1891 there is an excess of 14*4 per cent in the total, and a Boston........... 393,614,260 360,644,614 +9-1 1,211.029,258 1,132,690,708
22,110,400 4-3-4
Providence...
22,864,200
69,103.500
69,590.200
gain of 3‘8 per cent outside of New York.
_________
Week Ending April 2.
1892.
New Y ork ........................
Sales of—
(Stocks.............. shares.)
(Cotton................bales.)
(Qraim............. bushels.)
(Petroleum........... bbls.)
$
706,037,489
1891.
$
677,130.250
Week End’g Mar. 26.
P. Cent
+ 22 3
1892.
$
646,042,503
+ 31 0
(747,810) (+125-2
(1,784,515) (+220-8)
(1.68Ì.302)
(198,700) (-t-106‘4)
(645,900) (+135-6)
(410,100)
(47,995.500) (51,791.412) (-7 -3) (51,363,462) (—39 3)
(1,368,000) (1,344,000) (+17-9) (1,180,000) (+183-7)
B oston..............................
Providence......................
H artford..........................
New H aven.....................
Springfield.......................
W orcester........................
Portland...........................
L ow ell..............................
New B edford,.................
95,766,911
4,996.700
1,991,683
1,272.276
1,395,354
1,410,470
1.205.366
686.229
415,622
84.711,669
6,596,600
2,141,328
1,222,809
1,148.322
1,059,592
1.175.721
800,839
636,885
+13-1
—10-7
—7-0
+4-0
+ 21-5
+ 33 1
+25
—14-3
—348
84,503,169
4,799.600
1,768.971
1,179.146
1.191,673
1,225.231
987,234
607,991
414,019
Total New E ngland...
109,140,611
98,493,765
+10-8
96,677,037
Philadelphia...................
Pittsburg..........................
Baltim ore.........................
B u ffa lo ............................
W ashington....................
R ochester........................
Syracuse..........................
W ilm ington.....................
Binghamton.....................
68,584.885
13,029,767
13,706.127
6,881.476
1,856.351
1,526.501
789.653
797,270
237,900
66,326,552
12,908,402
13,645.881
7,042,233
1.515.762
1,508,602
887,396
690.263
299,900
+3-4
+0-9
+04
—2-3
+22-5
—0-8
—11-0
+15-5
—20-7
73,453,012
14.080,211
12,432,776
7,718,363
1.651.894
1,256.505
825,099
834.530
241,500
T otal M iddle................
107,409,930
104,854,996
+2-4
112,493,890
Chicago.............................
Cincinnati........................
M ilwaukee.......................
D etroit............... .............
Cleveland........................
Columbus.........................
Indianapolis....................
P eoria...............................
Grand R apids..................
L exin gton........................
87.359.475
12,738,550
6,899,047
6,644,539
4,805,686
3,376,900
1,688,397
1,927,900
750.000
355,503
75,841,883
12,247,550
4,748,034
5,868,952
4.939,478
2.865.200
2.020,000
1,729,339
772,265
404,671
+15-2
+4-0
+24-2
—3-8
-2 -7
+17-9
—16 4
+115
-2 -9
—121
85,570,368
12,190,300
5.407,379
5,699,499
4.680,679
2,975,500
1,869,796
2,004,700
906.560
409,342
Total Middle W estem .
124,545,997
111,437,372
+11-8
121,714,123
San Francisco.................
P ortland...........................
Salt Lake C ity................
Los A ngeles....................
15,155,871
2.029.779
1.70Ö.000
855,682
707,797
677,855
20.262.044
1,923.932
1.509,674
1,120,821
904,645
679,290
-25-2
+5-5
+12-6
—23-7
—21-8
—0-2
11,727.925
1,667,117
1.581,919
913,645
941,104
739,554
T otal Pacific................
21,126,984
26,400,406
—20-0
17,571,264
Kansas City....................
Minneapolis.....................
St. P aul............................
8.631,765
6,201,724
4.804,773
4,632,208
4,366,444
1.520,938
1.519.239
1,108,143
904,546
538,725
614,535
336,055
9,855,560
5.683,749
4,109,380
3,069,108
4,292,917
1,512,336
1.274.536
1.149,377
990,876
487,156
526,720
355,181
—12-4
+9-1
+15-2
+23-5
+17-1
+0-6
+19-2
—3-6
-8 -7
+10-6
+16-7
—5-4
8.452,265
6.045,828
4.204,349
5.147.062
4,787,159
1.736,610
1,605,048
1.076,641
805.293
538,492
500,000
356,023
T otal Other W estern..
35,079,095
33,966,899
+3-8
35,254,770
St. L ou is........ ................
New Orleans...................
L ouisville........................
20,653,731
9.302.637
7,158,279
2.867,581
2.091,820
1.245,315
1,800,000
709,670
1.000,000
398,997
560,613
449,224
411.000
1.220,308
1,363,848
20,559,775
11,521,365
8.414,445
2,976.751
2.536,657
1.624,899
2.235,011
898,082
822,169
885,314
745,583
676,343
470,000
+0-5
—19-3
—14-9
—3-6
—17-6
—234
—15-0
—21-0
+21-6
—54-9
—24-8
—22-1
—12-6
20.248,492
9.642,922
6.243,869
3.537,835
1,836,224
1.304.212
1.682,829
857,810
987,015
566,961
589,043
366,163
480.000
1.331,857
1,049,832
48,648,867
54,266,394
—10-4
48,348,375
D en ver..............................
St. Joseph........................
T op eka..........................
F ort W orth .....................
C hattanooga...................
T otal Southern...........
T o ta l a ll........................ 1,151,988,973 1,006.550,082
Outside New Y o r k ........ 445,051,484 429,419,832
Montreal*.........................
H alifax*.,.........................
H am ilton*........................
* N ot included in totals.
P. Cent.
9.771.855
899.829
5,728,462
768.654
6,469,725
1,163,723
+14-4 1,078,096,962
+ 3 :8 432,054,459
+51-0
-22-7
9,778,971
1.208,655
5,235,486
559.727
H artford.......
New H aven..
Springfield...
W orcester....
Portland........
L ow ell...........
New Bedford
T otal N. Eng
8,890,238
5,559,837
5,482,522
5,556,958
4.661,162
8,331.473
1,874,138
451,864,788
8,108,717
4,982,581
4,898,545
4,804,730
4,769,265
2,619,694
1,651,196
+9-6
4-11-6
4-11-9
+15"7
—2-3
4-28-3
4-13-5
29,309,961
17,624,768
17,505,243
16,015,889
14,449,779
10,183,937
5,582,711
27,927,599
16,680,353
15,273,238
14,711,296
14,941,863
9,271,941
5,855,678
P.Ot.
+ 30 -Î
+6-9
-0 -7
m
+ 14-6
+ 8-9
-3 -3
+ 9-B
-4 -7
414,589,742 +9-0 1,390,805,046 1,306,942,876 +6-4
Philadelphia.. 823,207,662 252,480.986 +29-6
970,498,579
802,659,679 4-20-9
52,578,801 +14-7
Pittsburg.......
60,310,354
179,741,690
158,961,434 +13-1
55,8/3,375 -t-13-0
63,124,876
202,708.287
Baltimore......
175,941,054 4-15-3
29,944,361 +11-4
33,368,073
Buffalo............
100,117,719
90,303,642 4-10-9
8.241,846
7,202,413 +14-4
23,870,002
+12 9 W ashington..
20,983,862 4-13-86,001,231 + 6-6
6,398,563
18,251,646
17,795,933 4-2-6
+1*0 Rochester .. ..
3,344,760 +20-7
4,037,047
12,078,406
+7-4 Syracuse........
10,192,625 4-18-5
10,935,604
3,581^18 +4-9
3,761,085
+ 1 8 1 W ilm ington..
10,600,298 4-3-2
3,257,100
935,500 -t-18‘3
1,106,500
+28-5 Bingham ton..
2,897,700j 4-12-4
+11 9
+3 9
Total Middle 60*.556,006 411,946,345 4-22-2 1,521,456,933 1,290,336,227 4-17-8
—14-2
+21-9 Chicago.......... 404,246,598 333,991,989 4-21-0 1,167,200,186
4-20-0
63.469.700 4 -9 3
58,416,950
182,642,600
Cincinnati......
4-13-9
21,601,714 -1-25-8
83,412,871
27,075,127
+12-2 Milwaukee....
4-19-8
23,990,786 4-10-1
26,404,527
79.645,958
Detroit............
4-14-8
67,787,301
19,827,126 + 18 2
23,528,063
+49-4 C leveland......
4-11-0
12.891.700 + 6-6
13,738,800
39,187,200
+ 28 4 C olu m bus.....
4-6-3
7,788,099
7,917,080 —1-6
25,824,854
+12-7 Indianapolis...
4-8-9
7,742,078 4-4-5
24,520,431
8.093,448
+14-7 P e o ria ............
4-5-5
3,760,186 4-5-6
11,126,649
3,970,793
+18-2 Grand Rapids.
—1-1
1,748,456 4-11-6
1,949,459
6,855,980
+ 6 0 L exin gton . . . .
4-4-1
+16*0
+8-0
Tot.M .W est. 575,211,864 486,940,815 4-18-1 1,687,204,030 1,436,253,361 4-17-5
+4 2
78,317,193 -1 4 -8
66,760.929
192,888,017
San Francisco.
210,316,050 - 8 -3
8,079,418 4-9-9
8,878,260
25,448,442
23,016,524 4-10-0
+ 36 7 Portland.........
7,461,484
6,166,269 4-21-0
21,287,560
22,236,668 —4-3
Salt Lake City
4,437,639 —4-4
4.243,052
11,704,635
13,702,102 -1 4 -0
+23*3 Seattle............
3,950,080
4,050,488 -2 -5
11,398,369
11.666,273 —2 3
+11-9 T a com a ..........
3,311,911 4-5-8
3,503,543
9,856,568
9,138,426 4-7-0
+14-6 Los A ngeles..
+ 11 0
272,583,591
94,797,348 104,362,918 -9 -2
290,076,043 - 6-0
Total Pacific
+5-9
+8-8
35,872,680 4-9-2
89,188,943
116,401,811
104,557,286 4-11-3
+ 9 6 Kansas City...
22,757,340 4-31-8
92,273,095
29,988,427
67,880,494 4-36-0
+ 19 2 Minneapolis...
60,369,005
16,102,846 --24-7
20,085,201
48,143,294 4-25-4
-5 -6 3t. P aul...........
68.301,798
17,179,671 280
21.982,997
51,030,120 4-33-8
+19-8 Omaha............
63,117,432
18,536,037 20-4
22,321,704
51,991,071 4-21-4
Denver............
24,161,365
6,059,444 --28-9
7,809,853
20,066,470 4-20-4
+19-3 Duluth............
22,537,923
7,950,279
6,239,366 --27-4
19,225,442 4-17-2
St. Joseph ...
13,967,072
4,635,376
4,239,022 4-9-3
12,604,872 4- 10-8
-20-2 Sioux City ...
11,473,229
3,993.890
8,225,540 +238
8,539,788 4-34-3
—17-8 Des Moines. .
7,098,818
2,174,204 4-17-0
2,543,678
6,892.735 4-3*0
+ 9 7 Wichita...........
8,562,064
2,160,347 4-31-7
2,844,749
6,108,123 4-40-2
Lincoln ..........
-8 0
5,195,435
1,563,989 4-1-8
1,592,312
5,072,974 + 2 ‘4
—7‘7 Topeka...........
+11-4
493,459,047
402,090,669 4-22-7
T ot oth ’rW . 164,937,409 136,110,486 4-21-2
—15-7
294,811,913 : 269,287,437 +9-5
4-10-6
St. L ouis.........
145,402,971
163,658,308 -11-3
-2 -3
+10-4 New Orleans..
91,676,027
-6 -4
92,427,067 —0-8
+44-7 Louisville.......
44,386,134
38,185,031 4-16-2
445-7
+37-0 Memphis.........
30,930,929
28,576,879 4-8-2
410-6
+41-1 Richmond .. . .
31,953,312
87,083,238 —13-8
—12-9
+21-0 Galveston......
24,723,642
22,938,549 4-7-8
4-8-2
+18-8 H o u s to n ........
.25,062,292
27,938,582 -1 0 -3
—4-7
+43-3 Nashville.......
14,004,445
13,688,531 4-2-3
4-19-1
+12-5 Dallas...........
12,251,200
13,134,345 - 6 - 7
4-3*8
+ 9 1 N o rfo lk ..........
7,442,145
10,511,103 —29-3
—21-5
+10-3 Fort W orth ...
7,258,151
8,933,292 —18-7
—221
+11-4 Birmingham..
8.256,378
8,275,413 —0-2
-2 -4
+7-0 W a c o ...'.........
5,508,000
6,401,000 -1 3 -9
- 6-1
Chattanooga..
+22-1
713,667,539
741,038,775 4-0-4
+4-8
Total South.
+3*3
4-22-6
4-25-1 16,155,907,611
+22-2.
Total all......
+0-8
4-11-7
413-8 6,109,176,188
+ 59 3 Outside N. Y
—22*3
Our compilation of sales, & c., for three months is as follows:
-10-8
—2 5
—5'5
Three Months, 1891.
Ihree Months, 1892.
+20-9
—26’6 Description. Par Value
Actual Aver’ge
Actual Aver’ge Par Value
—166
Value.
Price.
Price. or Quantity
Value.
or Quantity
—29-4
+7-6
12,541,661
30,860,100 11688359401 59-9 {
1639,450,762 53-0
StOCk 1 yjjj® $2652220590
$1206,530,520
$91,104,800 * $72,598,004 79-7
R R . bonds.. $191,279,550 $144,965,512 75-8
$318,800
$383,438 120-3
$590,826 116-9
$505,450
Gov’t bonds
+ 0 0 State bonds.
$764,700
$488,044 68-8
$612,051 62-0
$987,000
$605,740
$875,686 144-0
$405,505 147-1
$275,590
Bank stocks
+ 25 6
$1299,324,560 $’713,795,934 55-0 ,
T o t a l. . . $2845268180 $1,735433295 61-0
+18-4
$7,316,680 74 2-5c*
$3,904,985 59 l-5c.
9,834,000
6,596,000
Pet’l’m.bbls
6,097,100 $279,704,235 $45-88
8,836,600 $317,723,810 $35-96
Cotton,.bis.
+27-Ì Grain, bush. 613,684,887 $448,837,436 h u e.
430,200,019 $409,252,051 96)40.
+ 43 9
T otal value
$2.5058995261
$1410070,500
F or table o f clearings by telegraph see “ F in a n cial S itu a tion .”
THE
578
C H R O N IC L E .
TH E
SW I
CITY
See p ag es 6 1 2 , 6 1 3 , 6 1 4 a n d 6 1 5 for our State
and City Department to-day.
new s we
Am ong many other items of
give the full detailed statements of the bonded
■debt, assets, valuation, etc., of New Y ork State and Pennsyl
vania, each report having been corrected for the C h r o n ic l e
b y State officials.
A ll advertisements with relation to State and City Bonds
w ill likewise be found on the same and following pages.
A n e w e d itio n o f the
ST A T E A f B
CITT S U m -E W E W T ,
revised to as near the day of publication as possible, will be
issued early in the month of May.
THE F IN A N C IA L SITUATION.
Though complaints of poor trade are still very
irequent, a more hopeful feeling pervades business
«circles. ' Even the silver advocates in Congress are
beginning to admit that their pet measure now stands
•only a slim chance of success,
and that the
outlook for free silver is growing poorer every day.
This belief is also shared in by the general public, and
has made a distinct impression on the public mind, so
that business men are taking fresh courage and becom
ing somewhat more venturesome. It must be evident
now that it was a mistake not to force the issue sooner.
If instead of dallying with the evil, a firm, determined
stand had been taken two years ago and all propositions
-of compromise rejected, the present obnoxious law
under which the Government is compelled to purchase
54 million ounces of silver a year, and which is derang
in g and debasing our currency, and must prove a check
on the full development of industrial interests so long
as it remains on our statute books, might have been
averted. And then how different the industrial aspect
would be! With nations as with individuals, compro
mise measures, where principle is involved, are futile
and fatal, and the history of the United States is
-especially rich in illustrations of the truth of this
statement.
Money on call remains at the now almost stereotyped
rate of
to 2 per cent. Renewals are made at 2 and
banks and trust companies quote 2 per cent as the
minimum and none pretend to ask more. On time
there are such liberal offerings of money from every
-quarter, except perhaps from our city banks, that
lenders find it necessary to continue employing brokers
to get their funds out. When borrowers are found, not
■only are very advantageous rates offered, but almost
nny fairly good collateral is accepted, and in cases
where a superior grade of security is given the quoted
rates are shaded, with the stipulation, however, that the
security shall remain without substitution to the maturity
o f the loan. Rates are 2£ per cent for 30 days; 3 per
oent for 60 to 90 days; 3£ per cent for 4 to 5 months,
and 4 per cent for 6 to 7 months. The offerings of
commercial paper are now much larger than a month
.ago, but so eagerly are good names sought for, not only
in the city, but in the interior, that there is no accu
mulation, and consequently rates are easier, being now
quoted at 3£ per cent for 60 to 90 day endorsed bills re
ceivable, 4 per cent for 4 months commission house
names, and 4£ to 5 per cent for good single names hav
ing from 4 to 6 months to run.
fVOL. L1V.
The feature in the European situation this week has
bèen another decline in the price of bar silver, which
after reacting to 40-J pence on Monday, on Thursday
fell to 39£ pence again, unsettling Eastern exchanges;
yesterday,
however,
there was a recovery to
39£d.
The cable, referring to the fall in the
price last week, states that Indian trade was de
moralized and the market for shares of Indian
banks thrown into a panicky condition. After the
recovery in the price of the metal, confidence was
partially restored, but paralysis in trade remained, and
doubtless this is the condition this week. It is
reported that London bankers have decided to
form a city committee of the Bi-metallic League
to urge upon the government the need of co
operation with other nations in the coinage of
gold and silver. The Bank of England minimum rate
of discount was reduced on Thursday to 2£ per cent
from 3, at which it had stood since January 21. The
cable reports discounts of 60 to 90 day bank bills in
London 1@1£ per cent. The open market rate at Paris
is
; at Berlin it is 1£, and at Frankfort I f per cent.
The Bank of England lost £815,000 bullion during the
week. This, as we are advised by special cable to us,
was due to shipments of £1,084,000 to the interior of
Great Britain, to exports of £25,000 to Malta, and to
receipts of £294,000, part from Portugal and part
bought in the open market. The Bank of France
shows a gain of £425,000 gold for the week, and since
the last return the Bank of Germany has lost about
£1,660,000 of this metal.
Exchange was dull and firm until Wednesday when
it grew easier, influenced by offerings of bills drawn
by the arbitrage houses against outgoing securities, the
purchases of which in the stock market were large.
There was a scarcity of commercial bills, however,
and the market appears to be dependent mainly upon
bankers* bills. Rates opened on Monday at 4 87 for
long and 4 89 for short, with the exception of the Bank
of Montreal and the Bank of British North America,
which advanced the 60 day rate to 4 87£, and later in
the day Brown Bros, also moved up to 4 87-J for long,
leaving Baring, Magoun & Co. at 4 87 for 60 day
and 4 89 for sight. There was no change on Tuesday,
but 'on Wednesday Baring, Magoun & Co., advanced
the long rate to 4 87-J, while Brown Bros', and the Bank
of Montreal reduced long to 4 87 and short to 4 88^.
On Thursday the Bank of British North America low
ered the sight rate to 4 88%. The market closed steady
yesterday at 4 87@4 87£ for 60-day and 4 88-J@4 89 for
sight. Rates for actual business were 4 86£@4 86-J for
long, 4 87i@ 4 87f for short, 4 87f@ 4 88 for cable
transfers, 4 85^@4 85^- for prime and 4 85@4 85J for
documentary commercial bills.
In view of the low prices prevailing and the com
plaints of unsatisfactory trade, our figures of bank
clearings possess considerable interest. We give below
the statement usually given on the preceding page, and
which shows the results for the current week at seven
leading centres, as received by telegraph last night. It
will be observed that as compared with the correspond
ing week last year, there is quite a large ratio of gain
in the aggregate— 15*8 per cent. Of course, as far as
New York is concerned, a more active speculation on
the Stock Exchange has had much to do with the im
provement, but with the exception of New Orleans and
Boston the other cities also all show gains. Phila
delphia and Chicago particularly have large increases.
The loss at New Orleans reflects the condition of things
A p r i l 9, 1892.]
THE
C H R O N IC L E .
579
in the South. The loss at Boston, however, has no millions against 78 millions for 1891. The subjoined
significance, being due entirely to the occurrence of furnishes a comparison extending back seven years at
Fast Day in the week this year.
eleven leading cities—both for March and the three
months ending with March.
Week Ending April 9.
CLEARINGS.
Returns by Telegraph.
1892.
Per Cent.
1891.
N ew Y o r k ....................................
B oston ...........................................
P hiladelphia_____ ___________ _
B a ltim o r e ..___________ ______
C hicago.........................................
S t, L ou is______________
N e w O rlea n s_______ ______
$60 ,352,221
Seven cities, 5 d a y s . .
O ther cities, fi d ays.......... ,
$862,774,062
133,942,718
$736,450,749
125,408,916
+15-8
+ 6-8
T otal all cities, 5 days.......
AU cities. 1 day....... ........... ......
$986,716,780
215,804,311
$861,859,665
200,445,754
+14-5
+7-6
T otal all cities fo r w e e k ...
$1,202,521,091
$1,062,305,419
+13-2
62,042,080
11,603,044
72,287,000
19,515,763
7,997,218
-1 3 -8
We have also prepared this week our statement of
clearings for the month of March, and in that case a
more extended analysis is possible. For the whole country
— that is at all the clearing houses combined— the gain
as compared with last year reaches over a thousand mil
lion dollars, or 25 T per cent, the total haying risen
from 4,234 millions to 5,296 millions. There was a
decline last year, but only from 4,641 millions to 4,234
millions. In the increase the present year the Stock
Exchange business has played a very important part.
The statement of Stock Exchange sales during March
which we gaye last week enables us to measure roughly
the extent of that influence. The market value of the
share transactions this year according to that state
ment was 484 million dollars, against only 195 million
dollars in the corresponding month last year, being an
increase of 289 million dollars.
A t our usual
average of 2£ checks to each transaction, this
increase of 289 million dollars in the stock sales would
represent an increase in clearings in amount of 722 mil
lion dollars. As the total increase in clearings is 1,062
million dollars, this still leaves a considerable margin of
gain not due to the New York Stock Exchange sales.
Even in the case of the New York clearings, where the
total increase is 815 million dollars, the increase of 722
million dollars in the stock sales leaves a fair margin of
gain.
The following furnishes a summary of the
clearings both with and without New York. It will be
noticed that outside of New York the increase for the
month is 13*8 per cent.
MONTHLY CLEARINGS.
Clearings, Total AU.
Month.
1892.
1891.
$
$
January....
F eb ru a ry..
M a rch .......
Clearings Outside New York.
P.Ct.
1892.
1891.
$
$
5,652,864,760 4,967,201,252 +13-8 2,103,748,800 2,010,201,886
5,207,327,071 3,973,059,963 +31-1 1,969,858,135 1,668,522,867
6,296,215,774 4,234,119,720 +25T 2,035,569,251 1,788,013.198
1st quar.. 16,155,007,611 13,174,380,935 +22-6 6,109,176,186 5,466,737.951
P.Ct.
+4-7
+181
+13-8
+11-7
Besides the stock sales, there is one other modifying
circumstance to consider, and this applies not only to
New York but to all other points. There was an extra
business day in the month the present year— that is to
say, there were only four Sundays in the month in 1892,
leaving 27 business days, while in March 1891 there
happened to be five Sundays, leaving only 26 business
days. Where, however, the conditions have been
unfavorable as at New Orleans and San Francisco on
account of the depression in the sections in which those
points are situated— even this extra day has not sufficed
to prevent a falling off in the clearings for the month,
though it is proper to say that at the firsLmentioned
point, namely New Orleans, the decrease is not heavy,
the total this year standing at 44 millions, against 45
millions. A t San Francisco, the decrease has been
more important, the aggregate for 1892 being only 67
BANK CLEARINGS AT LEADING CITIES FOR MARCH.
(000,000#
omitted.)
New Y ork...
Boston.........
Chicago........
Philadelphia
St. L ouis. . . .
San Fran’co.
New Orleans
Baltimore...
Cincinnati...
Pittsburg...
Kansas City.
1892. 1891. 189a 1889, 1888. 1887. 1886. 1885%
$
$
$
$
« *
$
3,261 2,446 2,823 2,890 2,386 2,836 2,905 2,018
394
361
403
385
341
386
346
261
404
334
305
262
239
240
194
15»
323
252
303
292
231
283
251
18»
99
90
87
80
75
76
62
6a
67
78
65
67
66
65
54
48
44
45
42
46
43
45
38
32
63
56
62
51
48
58
51
52
53
52
58
46
41
51
44
38
53
60
62
53
44
39
32
28
39
36
40
36
81
32
21
14
_
Total_ .. 4,812 3,804 4,244 4,209 3,545 4,111 3,998 2,877
430
484
Other cities..
397
241
296
233
182
138
Total all... 5,296 4,234 4,641 4,504 3,786 4,344 4,180 3^013
Outside N.Y. 2,035 1,788 1,818 1,614 1,400 1,508 1,275 1,00»
THREE MONTHS.
(000,000#
omitted.)
New Y ork ...
Boston.........
Chicago.......
Philadelphia
St. Louis. . . .
San Fran’co.
New Orleans
Baltimore...
Cincinnati
Pittsburg ...
Kansas City.
1892. 1891. 1890. 1889. 1888. 1887. 1886. 1885
$
$
$
$
$
$
$
$
10,047 7,708 8,919 8,655 7,121 8,272 8,526 6,098 '
1,211 1,133 1,230 1,174 1,038 1,063 1,030
791
1,167
973
854
765
691
641
558
48»
970
802
902
868
730
770
687
534
295
270
265
237
222
211
184
181
193
210
181
195
193
166
139
138
145
163
158
151
141
129
116
118
202
176
190
157
145
168
150
152
182
163
156
138
130
142
107
i n
159
179
186
154
140
117
§4
83
116
105
113
109
89
56
89
47
T otal........ 14,707 11,862 13,154 12,603 10,640 11,768 11,656 8,737
Other cities. 1,449 1,312 1,192
901
763
660
536
407
Total a ll... 16,156 13,174 14,346 18,504 11,403 12,428 12,192 9,144
Outside N.Y. 6,109 5,466 5,427 4,849 4,282 4,156 3,666 3,048
With the two exceptions already mentioned— New
Orleans and San Francisco— every one of the cities
separately given in the above, exhibits an increase, and;
in the majority of cases the 1892 totals are the largest
of all the years. The expansion at Chicago—from 334
millions to 404 millions— particularly attracts atten
tion, since that point has been steadily gaining for a
series of years.
The management of the Mexican National, in the
annual report issued this week, find it possible to speak
quite encouragingly of the outlook for that property.
President Raoul's remarks are quoted in full on
another page, and he presents a plain, straightforward;
and business-like statement of the company's affairs.
Net earnings for* the year in American currency were
$927,217, but $335,964 was spent in making extra re
pairs and renewals, and this with some other items of
expenses reduced the sum available for interest to
$480,650. The difference between that amount and
the $738,835 interest on the Prior Lien bonds was sup
plied out of the subsidy collections.
It is believed
that the point has now been reaehed where the Prior
Lien interest can be met entirely out of earnings. For
a number of years the management have spent large
sums in improvements and charged the same against
earnings. Such a policy, where not carried to ex
tremes, is always commendable. In the Mexican Na
tional case it was imperative, since severe trials and
misfortunes had impaired the road's credit and also its
physical condition, so that extensive outlays were re
quired to bring the property up to a fair standard.
The good effects of that policy are now being felt, and
it is thought that quite moderate expenditures hereaf
ter will suffice to keep the property in condition. I f
the expectation that interest on the Prior Lien bonds
can be met out of earnings shall be realized, then
the holders of the junior bonds—more particularly
the series A bonds which bear accumulated interest
since 1887— are to be congratulated, for in that event
the subsidy collections available for this purpose can be
used to their full extent in the gradual extinction of
the Prior Lien bonds, thus reducing the amount of said
580
THE
[Y ou L1V.
C H R O N IC L E
Received by Shipped by
Net Interior
Week Endino April 8,1892.
’bonds ahead, of the junior securities. Just now gross
Movement
N.Y. Banks. N. 7 . Banks.
earnings are falling off somewhat, because of dull trade
$2,072,000 $2,910,000 Loss. $838,000
200,000
511,000 Loss.
3X1,000
following last season's poor crops in Mexico, and also be Sold._1................ — --------- —T otal co ld and le g a l ten d ers----- $2,383,000 $3,421,000 L oss.$ l ,038,000
cause of the low price of silver which has led some im
Result with Sub-Treasury operations and gold exports.
porters to hold off on their purchases in the hope of an
advance in the metal. This however is considered merely
Net Change in
Out of
Into
Week Ending April 8, 1892.
Bank Holdings.
Banks.
Banks.
temporary. But even with lower gross earnings the
$3,421,000 Loss. $1,038,000
amount available for interest is much larger than a Banks’ Interior m ovem ent, as above $2,383,000 14,800,000 Gain. 1,900,000
Sub-T reasury o p e r a tio n s ................ 16,700,000
year ago, owing to the diminished expenditures for bet
T otal co ld and le g a l ten d ers — $19,083,000 $18,221,000 Gain $862,000
terments. The company has begun to furnish com
The following table indicates the amount of bullion
plete statements each month, to show just what has in the principal European banks this week, and at the
been earned for interest, and from the latest statement
of that kind it appears that for January and February,
April 9, 1891.
April 7,1892.
1892, the amount so available was $126,082, against only
Bank of
Total.
Silver.
Gold.
Total.
Silver.
Gold.
$105,516 for the two months of 1891.
£
£
£
£
£
£
We shall print our usual monthly review of railroad gross
21,918,859
25,088,305 21,918,859
25,088,305
49.790.000 98.596.000
oarnings for March next week. A preliminary tabulation (Trance........... 56,707,566 50,915,724 107,623,290 48,806,000 14,224,333 42.673.000
28,448,667
G erm a n y .... 85,339,250 11,779,750 47.119.000
which we have prepared shows a gain of $3,848,862, or A ust.-H un’y. 6.465.000 16,712,000 22.177.000 5.425.000 16.577.000 22.002.000
10.001.000 4.210.000 5,610,000 9.820.000
9 *35 per cent, 108 roads being comprehended in the state Netherlands.. 3.179.000 6,822,000 4.292,000 3,081,333 1,540,667 4.622.000
Nat. B ’lgium . 2,861,333 1,430,667
ment. Some more returns of net earnings for February Tot.this week 128,640,454 87,660,141 216,300,595 111,889 859 87,742.000 199.631,859
87,376.667 198.829,084
have been received this week, and they are of the same Tot. prev. w ’k 130,715,585 88,285,315 219,000,900 111,452,417
character as those previously noticed. Among North
western roads* the Minneapolis & St. Louis is distin
OF A P R IL T R E A SU R Y STATE
guished for a very heavy ratio of improvement, the net THE FIR ST
MENTS.
this year being $81,737,'against only $43,820 in Febru
Though the proportion of the Customs payments
ary 1891. Still more noteworthy is the gain on the
made in gold during the late month, as we showed in
St. Paul & Duluth, where net this year is $61,560,
our issue of the 26th ultimo, fell to very small figures,
against
$22,818.
The
Chicago
Burlington &
the Secretary of the Treasury nevertheless has suc
Northern for the same month has net of $68,544,
ceeded in increasing his net stock of gold. According
against $51,026. The Wabash has an increase of
to the statements just issued, the Government held the
$143 000 in gross and an increase of $21,000 in net.
first of April $125,815,040 of gold coin and bullion
The ^Southern Pacific on its lines east of El Paso has
over and above the amount required against the out
gross of $1,011,587 against $1,001,278, and net of
standing gold certificates, while the net gold balance
$250,566 against $224,548. The Flint & Pere Mar
held the first of March was only $122,122,113, showing
quette reports net of $72,618 against $46,076; the Chi
that there was an addition during the month of $3,cago & West Michigan, $33,332 against $31,960 ; the
692 927. Moreover, there had been an addition in Feb
Ohio River $16,384 against $10,997 ; the Milwaukee &
ruary too—to the amount of $2,547,209— making
Northern $34,569 against $31,044; the Western New
together for the two months an increase of about 6±
York & Pennsylvania $74,337 against $65,658, and the
million dollars.
It will be remembered that after
Colorado Midland $46,033 against $34,318. The roads
dropping from $130,740,631 January 1 t o $119,574,904
which show diminished net are the Detroit Lansing &
February 1, the net balance advanced to $122,122,113
Northern $17,545 against $23,125 j the Ohio & Missis
on the first of March, and the further addition the
sippi $61,395 against $62,815; the Oregon Improve
late month has raised the amount to $125,815,040 on
ment $30,011 against $51,377, and the Toledo & Ohio
the first of April. While these variations from month
Central $31,194 against $32,830.
to month may not be invested with special significance,
Speculation on the Stock Exchange has been fairly
it is encouraging in view of the silver agitation and the
active this week, and though prices have fluctuated
continued purchases of 4£ million ounces of silver a
widely from day to day, and some of the specialties have
month to know that the Treasury position is strong
had sharp breaks, the tone on the whole has been strong
and that the Government reserve of gold has for two
and the tendency upward. London seems to have
bought considerable stock at times. New York & New months now been increasing.
Total money holdings of all kinds in the Treasury
England further declined, on the liquidation it is said
also increased during the month, though not quite as
o f a pool in the stock, and Richmond Terminal securimuch as the gold holdings alone. In February the
ties were knocked down on a repetition of the reports
increase in gold was made in the face of a decline m
that the plan of reorganization would not succeed.
the total money holdings. The aggregate holdings
During the last two days, however, these reports have
now are $153,878,031, against $150,363,638 March 1
met with denial, leading to a recovery in price. Union
a n d $153,339,469 February 1.
This is independent of
Pacific has been advanced on rumors of a change in the
the holdings in depositary banks. It is interesting to
management, and Delaware & Hudson has risen sharply
note that these latter holdings are still being reduced,
on a revival of the old story of the probability of
and April 1 amounted to only about 17£ million dol
Vanderbilt control. Central of New Jersey and Lack
lars, against about 18^ million dollars March 1, near y
awanna als© advanced and Reading remained compara
19 million dollars February 1 and about 19£ millions
tively firm notwithstanding the refusal of Governor
January 1. On the 1st of April last year the amount
Abbett, of New Jersey, to sign the bill legalizing the
held by the banks was almost 30 million dollar's. The
recent leases. St. Paul and the Granger stocks have
following table in our usual form gives the money hold
been strong.
ings both in sub-treasuries and in the banks, the 1st o
The following statement, made up from returns col
April as compared with the 1st of March. With ref
lected by us, shows the week's receipts and shipments
erence to the increasing deficit on the legal tender
of currency and gold by the New York banks.
A pril 9,1892.]
THE
C H R O N IC L E .
notes— which, deficit means that there are more cur
rency certificates outstanding than legal tenders to
represent them in the Treasury— it is evident that the
Secretary is continuing the practice of issuing the cur
rency certificates against deposits of Treasury notes
as well as legal tenders. As, however, the debt state
ment does not tell us how much has been issued against
the one or the other, we charge the whole amount
against the legal tenders as under the old method.
,---------------- 1892.-----------------Holdings by Treasurer in Sub-Treas’ies.
March 1.
April 1.
Net gold coin and bullion............................. $122,122,118 $125,815,040
Not silver coin and bullion....1..................
3,944,279
4,498,736
U. S. Treasury notes, aot July 14 1890....
9,517,659
11,996,788
Legal tender notes........ ...............................def.4,800,672 def. 7,063,946
National bank notes.....................................
4,792,427
3,884,496
fractional sUver................ - ......................
14,787,832
14,746,917
Total Gov’t cash in sub-treasuries.......$150,363,638
Amount in national ba n k s..............
18,239,292
$153,878,031
17,500,750
Total cash inbanks and sub-treasuries. $168,602,930
$171,378,781
581
of course nothing. The payments on the National Bank
Redemption Fund then were $17,656,585; this year only
$13,153,369. The difference in favor of the current year
on these three items is thus 31£ million dollars. With
these items eliminated, the expenses for 1892 stand a
little heavier than a year ago—that is, amount to
$237,713,555, against $236,193,897.
In regard to the debt changes during the month, it
appears that there was a further decrease of $1,150 in
the amount of the refunding certificates outstanding,
and that $1,700 of 4 per cents were issued to take up
these certificates, principal and interest. The unpaid
remainder of the 4$- per cents—that is 4\ per cents not
extended at 2 per cent or presented for redemption—was
reduced during the month from $2,138,650 to $1,898,950, and there was a decrease of $26,040 in the amount
of other debt matured and not yet presented for pay
ment. The National Bank Redemption Fund was re
duced from $29,888,003 to $28,894,831. Allowing for
the cash held in the Treasury, the aggregate net debt
of the country during March was diminished just
about two million dollars.
Including the amount in depositary banks, the cash
holdings April 1 were $171,378,781 against $168,602,930 March 1, thus giving a net increase of cash of
about 2£ million dollars. One of the items embraced
in these totals is the fractional silver, which April 1
stood at $14,746,917, or 5 f million dollars less than at
the corresponding date a year ago, indicating that THE B U R LIN G TO N & QUINCY REPORT.
In studying the annual statement of the Chicago
that much fractional silver has been got out by the
Burlington & Quincy one is impressed with the great
Secretary during the twelve months.
Passing now to the other points disclosed by the 1st strength of that property as revealed in the results dis
of April statements an interesting fact is the increase closed. For many years the road held an almost unique
in both Customs revenue and in total revenue as com position in the degree of prosperity which it en
pared with the corresponding month last year. An in joyed, maintaining uninterrupted8 percent dividends.
crease in total revenues had also been observed in the Then came a period of adversity— the locomotive en
month preceding, but then there was no increase in gineers' strike, short crops, virulent competition— and
Customs receipts. This time the increase in the latter prospects for a time appeared very gloomy. To those who
is quite a feature, the amount at $16,415,312 for March knew the inherent strength of the system, its excellent
1892 contrasting with $15,373,522 for March 1891. location and natural advantages, its extensive system of
Internal revenue receipts also increased about a million, branches, its good physical condition, and its capacity
but as miscellaneous receipts fell off over a million, for attracting traffic, the final outcome was never
total receipts increased only $630,000, the amount for doubtful. There might be poor results for a while
the present year being $30,048,806 against $29,418,330 but in the end. the great recuperative power of the
last year. In March of the preceding year, however, property, was certain to become manifest, and rapid re
the amount had been $34,778,000, so that the increase covery and improvement ensue. This is precisely what
the present year follows a loss last year of fully 5£ has happened, and now the outlook is taking on some
million dollars. So too as regards the Customs re of its old time brightness.
Of course the company is not paying 8 per cent divi
ceipts considered by themselves— while there is an in
crease of a million dollars the present year this comes dends as of old, nor is there any immediate likelihood
after a decrease in 1891 of nearly 5£ million dollars, of a return to that basis of distribution, although the
the total then having dropped from $20,800,000 to gains in both gross and net for current periods are now
$15,373,000. These figures are instructive, because they very large. In making smaller returns, however, to its
show that we have now reached the time where the com shareholders than a decade ago, the Quincy stands by no
parison is with heavily diminished totals for last year. means alone. Nearly all the large companies are pay
Conditions are vastly different than be
In reference to the expenditures, they have proved ing less.
smaller than a year ago, being $28,989,589 against $31,- fore: rates are lower, many items of cost that enter into
502,941, and thus the total was a million dollars less than operating accounts are higher, while the public insists on
the receipts. The saving has been almost entirely in more frequent service and increased accommodations;
the interest payments and the payments on account of and then also there are more lines to divide the traffic
the National Bank Redemption Fund. For the nine among than a few years back. But the country, and
months of the fiscal year from the 1st of last July the especially the Western country, is growing all the time,
expenditures have been only 268 million dollars, and where the roads are honestly and efficiently man
against 298 million dollars in the corresponding nine aged, and are not hampered by repressive legislation and
months of the year preceding. Here too, as we pointed unwise action on the part of State and National com
out a month ago, the difference is entirely accounted for missions, their prospects must improve. The trouble
by the reduction in interest payments, in payments on heretofore has been that great hostility to railroad in
the National Bank Redemption Fund and in the pay terests has prevailed in the West, thus prevent
ments for premiums on bonds purchased. Last year ing as rapid a recovery as might otherwise have oc
$33,754,419 was paid for interest in the nine months curred, and aggravating the ordinary difficulties which
.(future interest having been anticipated); this year only the railroads have had to overcome. The moat hopeful
$17,252,318, or 16-| million dollars less. The premium sign is that there has been some modification of public
on bonds purchased last year was $10,401,220; this year opinion in that respect.
532
THE
C H R O N IC L E .
Considering that the Burlington & Quincy is such a
large corn carrier, that the corn crop in 1890 was ex
ceedingly short, and that as a consequence the earnings
of the road, gross and net, fell off very heavily during the
early months of 1891, the result for the full year is very
satisfactory, and makes the outlook for the current year
under the large corn crop of 1891 especially encouraging.
In 1890 the company paid 5 per cent dividends out of
the year’s income, but fell nearly half a million dollars
($480,890) short of earning the dividends. In the late
year the dividends altogether aggregated only 4 i per
cent (the first three quarterly dividends having been at
the rate of 4 per cent per annum and the last at the
rate of 5 per cent), but quite contrary to the result for
1890 there was a surplus above the dividends—in
amount of $679,426. One reason for the improvement
was a large increase in the income from investments
and miscellaneous sources, which income for 1891 was
$1,371,627 against only $806,034 for 1890. But of
course the main factor in the improved results was the
very large crops raised in 1891, under which the road
was able to retrieve its early losses. These good crops
we may suppose were largely responsible even for the
increase in the income from investments, since this in
come is derived almost entirely from the lines con
trolled, which are as much benefitted by a good harvest
as the Quincy itself.
It will be understood that while there is improvement
as compared with 1890 and the poor years immediately
preceding, the results are far from equaling those real
ized in the period of the company’s great pros
perity. In fact the system earned but little more gross
in 1891 on 5,300 miles of road than it did in 1883 on
3,300 miles, while the net was just about one-quarter
less. This, however, simply emphasizes the marked
nature of the change in conditions in the interval,
and the severity of the influences against which the
company has had to contend. President Perkins’s
remarks this time are very brief, but as bearing on the
change here noted his observations are pertinent and
instructive.
He lays stress on the fact that
though the road was able to earn something more than
the dividends paid during the late year, the aggregate
of these dividends (as we have already shown)
was after all only 4^ per cent, which is cer
tainly not a high rate of return. The arrangements
made among the railroads for the maintenance of rates
helped to prevent serious reductions, but such
arrangements, he says, are uncertain and far from satis
factory, owing to the bad effects of the Inter-State
Commerce Law. He then goes on to state that if the
country and the cities continue to grow in population
and business, it is in spite of unwise laws, not because
of them i “ but as most persons do not and can not take
“ the time for jiny careful and connected investigation
“ of the subject, this prosperity, which is the result of
“ other causes, and which would be greater if no such
“ laws were enacted, is often thought to be directly due
“ to them. It is as certain that national and State in
te rfe re n ce by statute with the natural laws of com
“ merce must bear bad fruit as it is that in the long
“ run the natural laws will prevail.”
Perhaps sooner or later this fact will be recognized.
For the present the encouraging feature is that rates
are fairly well maintained and that earnings are expand
ing in a very decided way as the result of the large grain
ihovement, 'The Quincy has as yet furnished only the
returns for January and February, but for these two
ahonths there is a gain, of no less than $1,509,450 in
[y o l .
u v
.
gross earnings and of $800,206 in net— an amount of
improvement which would appear to leave no room to
doubt that the company will earn the 5 per cent divi
dends that are now being paid.
THE N O R FO LK & WESTERN.
It is always pleasant to take up an annual report of
this company, for its record of progress has been a
marvelous one, and each additional report furnishes
new and striking testimony to the fact. Among the
smaller systems (for in point of mileage and income, of
course, the Norfolk & Western does not rank with the
very large systems of the day), it would be difficult to
find any with a more noteworthy record of growth and
development— all established, moreover, in a very few
years. And the most encouraging feature is that the
growth has been continuous and uninterrupted, and is
still in progress. The late year certainly in its general
influences was not favorable to Southern roads, since
the South has been experiencing considerable industrial
depression, and the Norfolk & Western could not escape
in some measure being adversely affected by that cir
cumstance, and yet every page of the report affords
evidence of further increase and expansion in business
and operations— an expansion secured, as we have fre
quently pointed out, through the steady development
of the road’s traffic and the careful fostering of local
industries. The result should prove very gratifying not
only to the owners of the property but also to the man
agement under whose skilful direction the system has
attained its present dimensions and importance.
We have said that the Norfolk & Western was not to
be classed with the very large systems of the day. A.nd
yet its income and traffic are by no means small. Thus
total gross receipts in the late year amounted to over
nine million dollars ($9,188,042) and net earnings to
over three million dollars ($3,178,274). Fully I f mil
lion passengers were carried and over 5 f million tons
of freight, while the passenger mileage was 71£ millions
and the freight mileage 1,293 millions. Obviously this
latter represents a total of very large magnitude, but
to appreciate its full significance one must compare it
with the traffic mileage of some other systems—say
with some of the large systems west of Chicago.
The Norfolk & Western operations for the late
year were
based
on an
average of
1,091
miles of road. The Chicago & Northwestern in
the year ending May 31 1891 operated nearly four
times as much mileage— 4,254 miles—but its freight
ton mileage was only about one-half larger than that of
the Norfolk & Western, being 1,950,037,071.
The
Chicago Milwaukee & St. Paul operated over five
times as much road as the Norfolk & Western— that is,
it operated 5,721 miles— but its tonnage mileage in the
year ending June 30 1891 was only 1,895,635,111
against the 1,292,984,631 on the Norfolk road on 1,091
miles. The Norfolk & Western actually has a larger
tonnage mileage than the Rock Island, for the latter
in the year ending March 311891, on 3,408 miles of
road, had a tonnage movement of only 1,208,301,229
tons. In the matter of motive power and equipment, the
Norfolk & Western also closely approaches some of these
large Western systems. On December 31 1891 it had
no less than 12,339 freight cars in service, with
349 locomotives and 176 passenger coaches. The Roek
Island March 311891 had 15,568 freight cars, with
534 locomotives, and 390 passenger, mail, sleeping and
express cars. The Chicago & Northwestern on its 4,254
A p b i l 9, 1892.]
THE
C H R O N IC L E .
miles has 846 engines and 26,906 cars of various kinds,
passenger and freight, while the St. Paul, on its 5,721
miles, has 801 locomotives and 25,995 cars of various
kinds. But notwithstanding its relatively large amount
of rolling stock, the Norfolk & Western finds itself con
stantly hampered because of alack of sufficient equipment
to meet its requirements; and with the extra business to
result from the completion of the Ohio Extension and
from its other new connections, further additions to
the equipment are declared to be imperatively
necessary.
While the Norfolk & Western has a very large traffic,
it gets very low average rates on the same. In the late
year there was a further decline, the average dropping
to less than 5£ mills per ton per mile (5 *48), the lowest
in the company's history. Very few roads in the
United States can show a lower average than this. The
Western roads mentioned in the preceding paragraph,
namely the Chicago & Northwestern, the Rock Island
and the [St. Paul, all realized an average in their
latest fiscal years of over 10 mills— that is about
a cent per ton per mile—their traffic, however, being
radically different.
The Pennsylvania in the late
calendar year on its lines east of Pittsburg and Erie
realized an average of 6 "59 mills per ton per mile.
The Pennsylvania's tonnage includes a large amount of
coal and other bulky and low-class freight, and so does
the tonnage of the Norfolk & Western, and besides
this it has been the endeavor of the Norfolk &
Western management to stimulate and foster the
growth of local industries through low transportation
charges.
It is to this enlightened policy that the expansion of
the income and traffic of the system is due. Of course
the system has beem considerably extended during the
last few years, and as against 1,091 miles operated in
1891 the mileage in 1886 was only 507 miles ; but in
the same period of five years the number of tons of
freight moved increased from 1,555,867 to 5,797,941,
the number of passengers carried from 400,269 to
1,887,522, the gross earnings from $3,252,056 to
$9,188,042, and the net earnings from $1,291,147 to
$3,178,274. The passenger movement one mile has
grown from 19,580,000 to 71,394,761, and the freight
movement one mile from 403,008,908 to 1,292,984,631.
Nothing could illustrate better, than these comparisons
the great development which has occurred in these five
years.
The management have devoted special attention to
the coal traffic, as is well known, and keep enlarging
that traffic 500,000@600,000 tons every year, so that
from 929,635 tons in 1886 the coal and coke tonnage
rose to 3,282,671 tons in 1891.
But it must not
be supposed that the growth has been confined to that
item. Far from it. Thus the road carried 539,339
tons of iron ore in 1891 against but 65,851 tons in
1886, it car-ried 283,590 tons of pig iron against 34,917,
247,863 tons of stone against 24,451, 18,672 tons of
zinc ore and spelter against 1,437, and 258,178 tons of
(e other minerals” against 36,671 tons. The 1891 ton
nage for every one of these items was larger than that
-of any other year. Nor must it be supposed that the
whole of the growth is found even in the mineral
traffic. Since 1886 the mineral traffic (including coal
and coke) has risen from 961,366 to 4,154,884 tons, or
i f we include coal for the company's own use from
1,092,962 tons to 4,630,313 tons, an addition during
the last five years on this latter basis of 3,537,351 tons.
The increase in total traffic during the same time has
683
been from 1,555,867 to 5,797,941 tons, being an in
crease of as much as 4,242,074 tons, or 704,723 tons
more than the increase in the mineral traffic alone—
which shows how wide and general the expansion has
been.
The bulk of this expansion has been in the local
business, a feature to which we have often alluded, and
which forms one of the strongest points in the com
pany's affairs. The same circumstance likewise gives
added emphasis to the low average rates at which the
company renders transportation service for its pa
trons, demonstrating as it does that these rates have
been adopted not under the stress of rate wars with
rival lines, but solely with the view of fostering the
growth of local industries— a policy which has proved
successful at once in building up these local industries
and expanding the company's traffic.
Out of the
5,797,941 tons of freight moved in the late year, only
707,550 tons were through freight while 5,090,391
tons were local freight. Moreover, of the increase of
738,346 tons in total tonnage over the year preceding, all
but 18,671 tons was in the local freight. The earnings
from the freight business in 1891 were $7,090,316, and
of this only $1,389,806 came from the through traffic.
Of the $2,097,725 passenger earnings, but $174,503
was derived from through traffic, the road having
carried only 31,631 through passengers in the late year,
as against 1,855,891 way passengers. In fact, the earn
ings from local traffic (passenger and freight combined)
are stated to have been no less than 82‘2 per cent of
all earnings.
Of course with the extension of the mileage and
property of the system there has come an increase in
the stock and debt of the company and an increase also
in its annual obligations.
The year 1891, we have
seen, was a trying one, on account of the business de
pression prevailing. The company was able, however,
to meet all its charges for that period and to pay out
$1,072,500 in dividends on the preferred shares, after
which a surplus of $131,289 remained on the operations
of the twelve months, $129,575 of this amount being
used in the purchase of bonds under the sinking fund
clause of the equipment mortgage. It is proper to say
that the income of the year included a contribution of
$135,000 from the special dividend fund provided at
the time of the acquisition of the Shenandoah Yalley
for the purpose of meeting dividends on the $4,500,000
of preferred stock issued in payment of that prop
erty.
As to the future, while of course the business depres
sion prevailing in the South is an unfavorable feature,
the fact that the road has thus far passed through the
depression so satisfactorily is very encouraging. More
over, the company has recently acquired important new
©onnections in the lease of the Lynchburg & Dur
ham and the Roanoke & Southern. Most important of
all, the Ohio Extension will be completed during the
year, giving the system an outlet west and northwest
for its coal, which cannot but add very greatly to its
traffic. The mileage of the system will then exceed
1,500 miles. It is proposed that another, andjprobably
final, issue of $10,000,000 preferred stock shall be
made, only $5,000,000 to be used the present year. We
have seen that the net income above charges in the late
year was over a million dollars; the management,
however, are conservative, and they feel that in the
best interests of the company a further increase in
stock is to be preferred to an increase in fixed
charges.
THE
584
O H R O N LC LE .
rvoiu LIV.
R E C A P IT U L ATION.
N e w Y ork S t a t e B a n k s .— W e are indebted to Mr. Charles
M. Preston, Superintendent of the New Y ork State Banking
Department, for a detailed statement of the condition of the
State banks in New York on Saturday morning, March 19,
1892. From it and from the latest statement of the condition
of national banks— that of March 1— we have prepared the
following, which gives the results for all the banks in New
Y ork City, and also the figures for the banks, both national
and State, in New York outside of this city. For comparison
we retain the totals under the December calls for New Y ork
City. The aggregate for State banks does not include either
savings banks or trust companies.
Nat. Batiks, State Banks,
„
Total.
Dec.
March 1, March 19,
Total,
1891.
N E W Y O R K C IT Y .
1892..
1892.
91
Number........................................
19
1®
95
L oam s^disc’ts. incl’g overdr’s.$363,926,949 $101,115,758 $158,012,707 $*05,180,855
Stocks bonds. &c........................ 10,189,620
5,017,169 15.186.789 ov.ooi.av/
Due from banks and bankers...
29,201,028 9,816.868 38,850,836 18,039,755
Bank’g house, fum it. & rtx’res.
10.996,381 8,632.236
11,6.8.617 11,970,221
1,325,585
119,977
1,715,562 1,307,333
Other real estate........................
82,083,089) i « igg 481 101,178,186 90,169,630
Gold coin and certificates........
Silver coin and certificates......
(5,248,036 )
* *
Deg. ten. notes & certs, o f dep.. 10,309,253 ) 1 ^ 400,077 52,990,863 31,761,673
Exchanges fo^Clear'ing House.’ 80,’665,’831 29,211,767 109,877,628 101,535,221
S m m s XSnU a s b aondsPald".
H I 812
M h“ r ? ^ o u r o S : 3,722,516
’
368,752
I s S S lI
1 ,091,298
Total......................’. .... $661,810,729
$180,101,721 $812,215,153
Liabilities—
______
$17,122,700 $67,222,700
Capitai stock paid in ....... $19,800,000
Surplus and undivided profits,. 55,129,582 11,816,059 70,245.611
6,721,073
2,605
Circulation outstanding...........
6,718,168
197,177
Dividends unpaid...... '.....
197,177
Individual deposits.................. 301,112,078 128,449,897 129,561,885
2,081,231
531,815
1,546,416
Other deposits..........................
18,333,192 266,363,167
Due to banks and bankers. 248,030,275
851,979
815,516
Other liabilities....................
6,433
’o lo ’l l l
1 ,167,105
$713,197,707
$66,922,700
70,703,671
5,778,923
116,139
398,563,279
2,039,900
200,711,487
661,308
Total.......................................$661,810,729 $180,404,724 $812,215,153 $743,197,707
Note.—T he amount ($29,211,767) under State banks opposite exchanges for
'
Clearing S ou se is given in reports o f State banks as cash items, but is almost
wholly made up o f exchanges for Clearing House.
NEW Y O R K STATE,
(Other than New York City.)
Num ber..... ...................................... .
Nat. Banks, Sta’e Banks,
Maren 1
March 19,
1892.
1892.
275
I ll
Total.
416
Doans and discounts, including overdrafts.$115,191,713 $73,212,651 i 188,731,867
3,397,702
31,717,328
Stocks, bonds, vc...... ..................................... 28.319,626
Due from reserve agents..................... ¿o,09i,2»a
13,803,439
15,090,651
Due from banks and bankers.......................
5,621,50«
5,258,396
2,003,731
Banking house, furniture and fixtures......
8,254,665
2,764,968
1,331,556
Other real estate..................................
1,*33,412
Gold coin and certificates....................
5,337,904
7,618,439
1,111,917
Silver coin and certificates........................
1,1” 5,618
Legal tender notes and certifi’s o f deposit.
3,851,145
8,525,091
3,726,787
„ 916,859
Biffs o f other banks ......................................
2,875,215
1,320,451
Exchanges for Clearing-House..........
1,554,794
727,533
277,075
Current expenses and taxes paid.......
150,458
806,517
806,547
Premiums on United States bonds..............
2,222,155
281,565
Other resou rce s........ ..............
1,937,890
Total...................... - ................................... $193,293,716 $101,790,092 $295,083,808
Liabilities-
Capital stock paid in........................................ $35,816,060 $11,773,000 $50;619,060
10,015,187
31. 797,602
Surplus and undivided profits....................... 21,752,415
5,155
13 217,177
Circulation outstanding................................. 13,241,722
80,119
Dividends unpaid................... ..................
68,329,114 179,,811,177
Individual deposits.........................................
2,191,183
2,911,901
,
Other deposits......
¿17,118
15,,382,020
5,785,955
Due to banks and bankers.............................
9,596,085
522,200
Notes and bills payable.............................
522,200
656,898
679,252
Other liabilities...................... ; .......................
22,361
T otal............................................................$193,293,716 $101,790,092 $295,083,808
D EBT STATEM ENT M ARCH 31, 1892.
The following is the official statement of the United
States public debt and of the cash in the Treasury at
the close of business March 31, 1892.
IN TER E ST-B E AR IN G
Title of Loa/n.
Int’r’t
Pay’le
Amount
Issued.
DEBT.
Amount Outstanding.
Registered. ' Coupon.
Total.
04s, F ’n ’d L oa n .1891
Continued at 2 p.c. Q .-M .
Is, F ’ded L oa n .. 1907 Q .-J .
4s, R e f’d’g Certiflc’s. Q .-J .
A ggregate ex cl’dV
B’ds to Pac. R R .
$250,000,000
740,840,400
40,012,750
$25,364,500
$25,364.500, $ • •
•
484,097,200 75,481,850 559,579,050
85,080
1,030,853.150
509,461.700 ! 75.481,850 585,028.630
DEBT ON W H ICH IN TEREST H A S CEASED SINCE M ATU RITY
JV.X .
DU tV
Funded Loan o f 1891, matured September 2,1891. .$2,138,650 00
Old debt matured at various dates prior to Janu
ary 1,1861, and other item s o f debt matured at
various dates subsequent to January 1,1861........ 1,586,760 26
Aggregate o f debt on which interest has ceased
Since m aturity..............................................................$3,725,410 26
March 31.
$1,898,«50 00
1.562,720 26
$3,461,670 26
D E B T B E A R IN G NO IN TEREST.
Legal-tender notes...................................... ................. ........................ $346,681,016 00
Old demand n otes.....................................................................................
55,647 50
National Bank n o te s :
Redemption account..................................................................... 28,894,830 75
Fractional cu rren cy.... ........... ....................................$15,280,667 60.
Less amount estimated as lost or destroyed........... 8,375,934 00
--------------------6,904,733 60
A g g r e g a t e d debt bearing no interest......................................... $382,538,227 85
C ER TIFICATES AN D NOTES ISSUED ON DEPOSITS OF COIN A N D
L E G A L -T E N D E R NOTES AN D PURCHASES OF SILV E R BULLION.
Classification of Certificates and Notes.
In the
In
Treasury. Circulation
Amount
Issued.
$23,6': 3,770 $154,329,229 $178,002,699
3.5S9.70S 325,683,149 329,272,852
1,380,000 29,840,000 81,220,000
11,996,788 77,605,410 89,602,193
Aggregate o f certificates......................... $40,640,261 $587,457,788 $628,093,049
March 31,
February 29,
1892.
Classification of Debt,
1892.
Increase or
Decrease,
$
585.028.080 00
8.725,410 26
383,529,400 85
971,028,528 11
972,282,890 61 D. 1,256,862 56
628,098,019 00
Debt on which int. has ce a s e d ..
$
585,028,630 00
3.461,670 26
382,536,227 85
621,248,974 00
$
I. 550 06
D. 263,740 00
D. 993,172 50
Aggregate o f interest and nonCertificates and notes offset by
an equal amount o f cash in
1 .6,849,075 06
aggregate o f debt, including
certificates and n otes.............. 1,599,124.577 11 1.593,531,864 61 1.5.592,712 56
CASH IN T H E TR E A SU R Y .
Gold—Coin...................................................................$199,919,892 16
B a r s ..................................................
81,194,377 18-$280,144,289 34
Silver—Dollars......................................................... • 854,063.617 00
Subsidiary co in ........ ...................................... . .. 14,746,917 30
Bars........ .. . . . 1...............................................
65,720,465 67— 434,530,999 97
22,776.053 81
Paper—Legal tender notes (old issue) .............
Treasury no+es o f 1890.... ... ... . ................
11.996,788 00
G o ld certificates..............
.. ............................ 23.673,770 00
S ilver c e r tific a te s ..............................................
C u rrency c e r tific a te s ...................... .......................... .
N ation a l b an k n o t e s ........ .........................
O th er— B on ds, in terest an d co u p o n s paid, a w a itin g r e im b u rs e m e n t.....................................................
M inor c o in an d fra ctio n a l c u r r e n c y .....................
D eposits in n a t’ l b ink d e p o s i a r ie s — e n ’l a e c ’t..
g
Dlsou" sing office rs’ b a la n c e s .......................................
3,589.703 00
1,8*0,000 00
8,884,495 97—
*
827,191 73
458,790 08
13,200,149 80
4,300,600 6 0 -
A ggregate................................................ . . . . . . .
67,300,810 8k
18,786,732 21
$800,762,812 33
DEMAND LIABILITIES.
Gold certificates........................ r..............................$178,002,999 00
Silver certificates.............................. ........................ 329,272,852 00
Currency certifl ates........... .................................... 81,22o,ooo 00
Treasury notes o f 1*90.......................... ................... 89,602,198 00—$628,098,019 00
Fund fo r redemp. o f uncurrent nat’l bank notes
5,970,130 06
6.621,221 17
Outstanding checks and dra fts..............................
Disbursing officers’ balances.................................. 24,457,825 62
Agency accounts, & c ................................................
5,716,<02 42— 39,765,879 27
Gold reserve...................... . . . ...$160,000,000 00
Net cash balance....................
32,898,881 0 6 ...................... ; ....... 132,898,881 06
Aggregate.......................................................... ............... »......... * ..$800,762,812 33
Cash balance in the Treasury February 29,1892...........................
182,162,204 89
Cash balance in the Treasury March 31,1893.................................... 182,*98,884 06
$736,679 17
Increase during the m onth.......................................... ........................
BONDS ISSUED IN A ID OF PACIFIC R A ILR O A D S .
Name
of Railway.
Int. repaid by Companies. Balance
Interest
Principal accrued Interest
of Inter’st
paid by By Trans By cash pay- paid by
Out
and not
standing. yet paid. the V. S. portation m’ts; 5 p. c. the U. S
Service. net earnings.
$
25,885,120
6,303,000
27,236,512
1,600,000
1,970,560
1,628,320
$
$
388,277 36,653,966
94,545 9,348,863
408,548 38,818,472
24,000 2,365,808
29,558 2,673,235
24,425 2,291,741
$
6,500,578
4,000,100
13,148,485
505,032
9,367
187,696
$
$
658,283 29,495,105
5,343,763
438,410 25,261,577
6,927 1,853,84»
2,663,868
2,107,045
Totals — 64,623,512
969,353 92,180,085
24,351,258
1.103.620 66,725,207
Cen. Pacific.
Kan. Pacific.
(Jni’n Pacific
Cen. Br. U.P.
West. Pacific
Sioux C. & P.
y
jgnglisfr gÿjetpg
[From our own correspondent.]
L o n d o n , Saturday, March 26, 1892.
The rate of discount in the. open market declined early in
the week to 1% per cent, but recovered on Thursday to \% per
cent, owing to a report that a large amount of gold was about
to be shipped either to Russia or Austria. It appears that an
order for nearly a million and a quarter sterling in gold has
been placed with the Messrs. Rothschild, but they have grad
ually and quietly bought up the amount in the open market—
chiefly from the supplies that have come from the United
States— and therefore the immediate order will not affect the
Bank of England. A t the same time there is some apprehen
s i o n that the efforts of the Austro-Hungarian Government to
get gold may disturb the market. It is very unlikely, how
ever, that a great loan for Austria-Hungary can be placed, but
doubtless that Government will continue to attract small
amounts of gold from time to time. It is expected here that
considerable amounts will almost immediately be shipped
from New York to this market. Apart from the AustroHungarian demand and the occasional demands for Russia,
there is nothing to affect the money market. Trade is falling
off, and as speculation is absent, purely financial and commer
cial influences are tending to lower rates.
The price of silver fell yesterday to 40 7-16d. per ounce. Be
fore the last American silver act was passed the lowest price
touched in London was 41 15-16d. per ounce, early in 1889. It
will be recollected that in September, 1890, the price rose as
high as 54%d. per ounce, but has been falling ever since, with
the result that it is now l ^ i . per ounce low er than the lowest
quotation of 1889. America is selling freely while there is
hardly any demand for India. The official discount rates of
the Banks of Bombay and Bengal are now 4 per cent— un
usually low for this season of the year. Indian bank shares
are fallling heavily, and more or less all silver securities.
T he m ark et fo r A m erica n railroad securities here w as v e ry
qu iet b u t steady u p to T h ursd ay m orn in g , w h en there was a.
A pril 9, 18ì 2.]
THE
sharp break owing to alarmist telegrams from New York re
specting the Bering Sea dispute and the fall which had thereby
been occasioned in New York the day before. Nobody here,
however, attaches any importance to the Bering Sea contro
versy. A serious quarrel with the United States appears
utterly impossible, and there is full confidence in an early and
satisfactory settlement. Still there is very little inclination
on the part either of the public or of the great operators to
engage in new risks. The Murrieta liquidation still imposes
upon everyone an expectant attitude, for it is feared that
several houses which have been hitherto supported by the
Messrs, de Murrieta m ay be compelled to suspend. It has
long
been
known,
of
course,
that
those
houses
were able to keep afloat only by the assistance given
by the Messrs, de Murrieta, and no serious consequences are
therefore apprehended from their suspension. However, until
the full effects are known there is unwillingness to operate,
the more particularly as the announcement that the Messrs,
de Murrieta had gone into liquidation has made a very bad
impression in the Argentine Republic and Uruguay. A t
Montevideo, for instance, there has been this week a run upon
the branch there of the London & River Plate Bank. The
bank, fortunately, was fully prepared, and every demand was
at once met. The premium on gold at Buenos Ayres, which
had fallen a little while ago to 240 per cent, has gone up again
to 253 per cent, and this week there has been a considerable
reaction in Argentine and Uruguayan securities.
On the Continental bourses there has been some recovery
this week from the fall of last week, but this is due
mainly to buying back by operators for a decline. As
soon as this buying back ends there is a general ex
pectation that
a fresh fall will occur, for it seems
inevitable that Greece must make a compromise with
its creditors. The crisis in Italy is becoming more acute
and the difficulties of Spain are increasing. The famine in
Russia, too, is getting worse, and the concentration of troops
in Russian Poland is causing political' apprehension upon the
Continent. The best opinion is that the Russian Government
has no intention to break the peace, but that it is strengthen
ing its garrisons in Poland, partly in anticipation of an attack
from Germany but chiefly out of fear of a revolt in Poland.
The Poles are evidently very much excited, and as they are
beginning to hope for assistance from Germany and AustriaHungary the Russian authorities fear that disturbances may
break out.
The Portuguese Finance Minister has proposed to the dele
gates of the foreign bondholders a temporary reduction of
the interest by 50 per cent, with permission for the next two
years to pay even the 50 per cent in paper. On the other
hand, the 50 per cent not paid is to be funded, and a sinking
fund is to be established for redeeming the bonds in fifteen
years. Gradually the interest is 'to be restored to the full
rate. Further, the Minister asks for a fresh loan of four
millions sterling. The proposals have made a bad impression,
but they will probably be accepted, with some modifications;
the fresh loan is hardly likely to be made. Lastly, the bank
in g crisis in Australia continues; early this week another
bank had to close its doors.
A s the competition between marine insurance companies
and the private underwriters at Lloyds has been growing
keener for a long time, Lloyds’ underwriters have lately begun
to insure other than marine risks. The committee of Lloyds
has this week published an announcement that the deposits
and guarantees lodged with them by underwriting members
as security for their individual liabilities are applicable only
to settlement of claims arising out of marine policies or
policies connected therewith. Every member is obliged to
make a deposit of £5,000.
The coal miners’ stoppage in the Midland Counties came to
an end on Saturday night but the strike in Durham still con
tinues.
Messrs. Pixley & Abell write as f ollows under date of Mar. 24:
Gold—After a period of continued demand for gold, which has lasted
from May, 1891, there is at length a great falling off in inquiry, and
some hars have been purchased by the Bank of EngLand, although in
no large quantities. The Bank has received £23,500,and £50.000 has
been withdrawn for Bio. Arrivals: Bombay, £31,000; Natal, £46,000;
Japan, £32,000; total, £109,000.
Silver—Since our last silver has persistently declined, the priees
being: 41%d. on the 18th, 41d.onthe 21st, 40%d. on the 22d, 40%d, on
the 23d, and 4 0 9 ^ . to-day, each drop being a fresh record. Only small
amounts have been oh offer, but with scarce any demand even these
sums have been too much for the market. To-day’s rate is quite nomi
nal at the close, and nothing further could be done except at a decline.
A rrivals; N. Y., £27,000. Shipments: To Calcutta, 11th inst., £95,000;
Bombay, 23d inst., £116,000.
585
C H R O N IC L E
Mexican Dollars—These coin are quoted at l% d. under bar silver,
and there have been no dealings in the absence of supplies.
The quotations for bullion are reported as follow s:
G O LD .
London Standard. March 24- March 17.
s. d. s. d.
Bar gold, fln e ....o z .
Bar gold, contain’g
20 dwts. silver ..oz.
Span, doubloons. oz.
8 . A m .donbloons.oz.
S IL V E R .
London Standard. Mar. 24. Mar. 17,
d.
d.
77 10M Bar silv e r........... oz. 40 9-16
Bar silver, containing 5 grs. gold. .oz. 40 15-10
77 m i
4894
Cake silver..........oz.
M exican dols...... oz. 39 5-10
77 0
77
41M
4196
4 16
4
40
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, & c .,
compared with the last three years :
1892.
C irculation...................................
Public deposits..............................
Other d e p o sits.............................
governm ent securities...............
Other securities............................
Ooinand bullion...........................
Prop, assets to liabilities.per ct.
Bank rate.......................... Per ct.
Consols 294 per cent....................
Clearing-House re tu rn s...........
1889.
March 23.
March 27.
1890.
1891.
March 25. March 26.
£
£
£
24,702,825 24,703,115 23,871,245
11,238,403
11,508,065 13,732,913
28,146,790 29,059,658 25,010,673
10,785,124 11,339,231 13,795,015
29,891,929 35,192,659 24,243,104
17,439,480 14,933,186 16,828,120
25,692,305 23,185,301 24,252,365
46% i
43 13-16
3494
4
3
3
97 5 10
9011-16
9511-16
110,359,000 146,001,000 125,427,000
£
23,665,540
12,445,726
24,198,083
15,499,861
24,511,201
15,210,119
22,631,659
415-16
8
98 5-16
119,165,000
The following shows the imports of cereal produce into the
United Kingdom during the first twenty-nine weeks of the
season compared w ith previous seasons:
IMPORTS.
1888-89.
1889-90.
1890-91.
1891-92.
cwt. 40,109,410 30,420,052 29,612,151 34,616,763
Wheat........
12,907,467 10,274,339 12,174,009
....... 12,828,654
Barley........ .
8,930,931
7,462,810
7,309,052
....... 7,890,699
Oats............ .
1,194,002
1,068,680
1,123,895
....... 1,853,058
Peas............
1,802,188
2,007,699
1,799,448
....... 2,079,737
Beans...........
19,685,025 15,171,391
....... 14,659,721 14,769,750
Indian corn.
8,315,245
9,939,820
8,647,193
....... 10,850,097
Flour___. . . .
Supplies available for consumption (exclusive of stocks on
September 1):
1888-89.
1890-91.
1889-90.
1891-92.
Imports of wheat.cwt.40,109,410 30,420,052 29,612,151 34,616,763
8,315,245
8,647,193
9,939,820
Imports of flour.........10,850,097
Sales of home-grown.19,185,609 23,174,107 29,705,783 21,468,803
Total......................70,145,116 62,241,352 69,257,754 64,400,811
1888-89.
1889-90.
1891-92.
1890-91.
30s. 5d.
29s. 81.
Aver, price wheat week.33s. Od.
34s. 5d.
31s. 6d.
29s. lid .
Average price, season..35s. 9d.
32s. 4d.
The following shows the quantities of wheat, flour and
maize afloat to the United K ingdom :
This week.
Last week.
Wheat.................. qrs. 2,887,000
2,920,000
Flour, equal to qrs. 448,000
535,000
M a iz e ............q r s .
460,000
438,000
1890.
2,331,000
302.000
676.000
1891.
2,162,000
462.000
351.000
E n g lish F in a n c ia l M a rk ets—Per C able.
The daily closing quotations for securities, & c., at London
are reported by cable as follows for the week ending April 8:
London.
Sat.
Silver, per oz................ d
Consols,new, 2% per ots.
do for account........
Fr’ch rentes (in Paris)fr.
U. 8. 4s of 1907.............
Canadian Paciflo............
Chic. Mil. & St. P a u l....
Illinois Central...............
Lake Shore.................. .
Louisville & Nashville..
Mexican Central 4s.......
N. Y. Central & Hudson.
N. Y. Lake Erie &West’n
do
2d cons...........
Norfolk* Western, pref.
Northern Pacific pref...
Pennsylvania..................
Philadelphia & Reading.
Onion Pacific..................
Wabash pref..................
40
96316
9614
9685
121
90*8
77%
106%
134%
74
72%
116%
30*2
108%
50*8
62%
56
28%
453s
27
Mon.
40ia
96%
963s
96-70
121
90%
78%
107
134%
74
72%
116%
30%
109%
50%
62%
56%
28%
4538
27
Tues.
Wed.
Thurs.
Fri.
39%
963ie
963ie
96-87%
121
91%
80%
107
135
75%
72%
116%
31%
109
51%
63%
56%
2838
45%
28%
39%
963i6
96%
96-77%
121
91%
80%
107
135
75%
72%
117
31%
109%
51
63%
56%
28%
46
28%
39%
96 ’is
96% «
96-87%
121
91%
81%
107%
136
77%
72%
118
32%
109%
51
64
57%
27%
47%
29
39%
96 ha
96»ia
96-85
121
91%
81%
107%
136
76%
72%
117%
32
109%
50%
62%
57%
28%
46%
29%
Commercial atxd pttsceXIaaeous fjems
Bonds H eld by National B anks.—The following Interest
Ing statement, furnished by the Comptroller of the Currency,
shows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank
depositaries on April 1. W e gave the statement for February
27 in Chronicle of March 12, page 483, and by referring to
that the changes made during the month can be seen.
J . S. Bonds Held April 1,1892, to Secure—
T
Description o f Bonds.
Public Deposits
in Banks.
Bank
Circulation.
Total Held.
Currency 6 s ...................
$1,116,000
$11,277,000
$12,393,000
4 per c e n t s . . . . .. . . . . . . . ..
2 percents.......................
13,987,500
1,783,000
127,409,450
21,848,350
141,396,950
23,631,350
Total..........................
$16,836,500
$160,534,800
$177,421.300
588
THE
C H R O N IC L E .
G o v e r n m e n t R e v e n u e a n d E x p e n d it u r e s .— Through the
courtesy of the Secretary of the Treasury, we are enabled
to place before our readers to-day the details of Govern
ment receipts and disbursements for the month of March.
From previous returns we obtain the figures for previous
months, and in that manner complete the statement for the
nine months of the fiscal years 1891-92 and 1890-91.
r e c e ip t s
(0 0 0 s o m itte d ).
1801-92.
J u ly ....
A u g ...
S ep t....
O c t . . ..
N o v ....
D e c ___
Jan ......
F e b ... .
March..
1800-91.
N.Bk.
Cus lnter’l Red’p. Misc’ l lotal.
toms. Rev’ue Fund. S’rces
N.Bk.
Cus lnter'l Red'p. Misc’l lotal.
toms. Rev’ue Fund. S’rces
$
15,468
15,165
14,121
13,981
12,659
14,329
17,391
16,783
16,415
t
14,552
12,502
11,946
13,066
12,480
12,511
11,911
12,189
12,134
$
142
111
836
112
114
287
150
57
212
$
4,138
1,107
1,098
1,401
1,664
1,956
2,129
1,727
1,288
$
34,300
28,885
28,001
28,560
26,917
29,083
31,590
30,756
30,049
%
$
$
$
304 2,328 88.303
11,718
12,557 2,700 1,084 36,607
12,615 3,021 2,133 39,804
994 1,448 40,216
12,840
11,322
807 2,129 28,986
264 2,721 34,730
13,971
246 2,603 37,891
11,965
338
789 29,611
9,490
391 2,447 29,418
11,207
$
23,053
20,316
22,035
24,934
15,228
17,774
23,077
18,004
15,373
9 mos... 136,312 113,291 2.030 16,508 208,141 181,684 107,685 8,565 17,632 316.560
d is b u r s e m e n t s
(0 0 0 s o m itte d ).
1891-92.
1890-91.
N.Bk.
Ordi- - Pen- In- Red’p. Total.
nary. sions. terest. Fund.
$
t
«
t
1
J u ly ....
A u g ....
S ept....
O c t . . ..
N ov—
D e c .. ..
Jan.......
F e b .. . .
March..
21,536
13,974
15,169
14,500
14,013
16,936
16,980
13,637
14,598
Ordi- Pen- In - N.Bknary. sions. terest Fund.
t
$
$
$
t
13,663 2,823 1,698 39,720 al6,653 14,863 7,232
304 30,052
5,004
469 1,201 20,738 514,640 18,839
876 1,819 86,204
6,683
415 1,668 23,935 cl7,817
38 13.4101 2,074 33,339
10,977 5,174 1,221 31,872 <220,423 11,097 4,313 2,303 38,036
11,784
359 1,755 27,911 15,411 21,511 3,538 2,110 42,570
13,149
826 1,398 81,809 el8,552 2,654
455 1,935 21,596
10,522 6,673 1,488 35,663 /17.588 1,080 2,851 2,462 23,981
11,562
764 1,519 27,482 11,776 17,310
860 2,279 31,725
12,987
249 1,205 28,989 18,829 9,515
719 2,440 31,503
9 m os... 141,343 96,371 17,252 13,153 268,119 149,689 06,907 33,754 17,656 298,006
I?J ?9
.iLdlsbursemellts fo r Premiums included : a $3,054,379; b *1,729.850.
c $4,524,491; d $143,215; e $1,910,004; f 39,581; th e total being $10,401,220.
C o in a g e Bv U n it e d S t a t e s M in t s .— The following state
ment, kindly furnished us by the Director of the Mint, shows
the coinage at the Mints of the United States during the month
of March, 1892, and the three months of the year.
Denomination.
March.
Pieces.
3 Months o f 1892.
Value.
Pieces.
135,516
44,973
179,178
$
2,710,320
449,730
895,890
23
57
Total g o ld ..........
359,690
4,055,997
Standard dollars..
Half dollars. . . . . . .
Quarter dollars...
Dimes....................
350.620
582.620
1,148,620
1,732,316
350,620
281,310
287,155
173,232
Double eagles.......
Eagles....................
Half eagles..........
Three dollars.........
uarter eagles. . . .
ollars...................
g
Total silver.........
3,794,176
Five cents.............
Three cents............
One ce n t................
2,350,817
3,312,507
Total m in or.......
5,663,324
Total coinage.. . .
9,817,190
Value.
$
325,016 6,500,320
134,633 1,346,330
254,538 1,272,690
23
714,210 9,119,397
991,620
1,480,620
3,556,699
4,992,316
1,092,317 11,021,255
117,541
57
991,620
740,310
889,175
499,232
3,120,337
4,284,817
214,241
33,125 12,912,507
128,125
150,666 17,097,324
342,366
5,298,980 28,832,789 12,582,100
C h a n g e s in L e g a l T e n d e r s a n d N a t io n a l B a n k N otes to
A p r il 1.— The Comptroller of the Currencv has furnished
us the following, showing the amounts o f national bank
notes March 1, together with the amounts outstanding April
1, and the increase or decrease during the m on th ; also
the changes in legal tenders held for the redemption of bank
notes up to April 1:
National Dank Notes—
Amount outstanding March 1,1892.............
Amount issued during March _ ,
Amount retired during March___
$1,217,400
1,309,294
Amount outstanding April 1 ,1892*..........
Legal Tender Notes—
Amount on deposit to redeem national bank
notes March 1,1892.................
Amount deposited during March.................
Amount reissued & b’nk notes retir’d in Mar.
$172,510,013
$172,418,119
Dee. 1.
$212,200
1,339,294
*. J U jV ü d
1,127,094
$29,062,941
* Circulation of national gold banks, not included above, $111,332,
According to the above the amount o f legal tenders o
deposit April 1 with the Treasurer of the United States t
redeem national bank notes was $29,062,941. The portion c
this deposit made (1) by banks becoming insolvent, (2) b
banks going into voluntary liquidation, and (3) by banks re
ducm g or retiring their circulation, was as follows on the fira
o f each of the last five months :
Jan. 1.
Feb. 1.
March 1.
UY.
April 1.
$
$
$
$
$
Insolv’t bks..
730,126
722,406
706,535
686,903
678,08»
Liquid’g bks.. 5,232,571 5,208,056 5,165,770 5,059,104 5,058,797
Red’o’g undr.
act of ’ 74..* 28,309,610 26,949,158 25,785,101 24,444,028 23,326,056
34,272,307 32,879,620 31,657,406 30,190,035 29,062,911
* Act of June 20, 1874, and July 12,1882.
N a t io n a l B a n k s .— The follow ing national banks h ave
recently been organized:
4.704—
The First National Bank of Vinita, Indian Territory. Capital
$50,000. President, S. S. Cobb. Cashier, H. C. Cook. v
4.705—The Capitol National Bank of Guthrie, Oklahoma Territory.
Capital, $50,000. President, George A. Metcalf. Cashier, M.
L. Turner.
4.706—The First National Bank of Marlin, Texas. .Capital, $109,000.
President, A. E. Watson. Cashier, B. C. Clark.
4.707—The Mercantile National Bank of Dallas, Tex. Capital,
$150,000. President, J. Huey. Cashier, Paul Furst.
4.708—The' Denton County National Bank of Denton, Texas. Capital,
$50,000. President, J. P. Blount; Cashier, I B. Walker.
4.709—The First National Bank of Bushnell, 111. Capital, $50,000.
President, James Cole; Cashier, James M. Gale.
4.710—The Amarillo National Bank, Amarillo, Texes. Capital, $50,000. President,--------------; Cashier, Alpheus H. Wood.
4.711—The Union National Bank of Schenectady. N. Y. Capital,
$100,000. President, Willis T. H anson; Cashier, Jewett E.
Van Eps.
4.712—The New London National Bank, Ohio. Capital, $50,000.
President, I. S. Townsend; Cashier, H. W. Townsend.
4.713—The Moorhead National Bank, Moorhead, Minn. Capital,
$60,000. President, Andrew H oles; Cashier, F. W. Porritt.
4.714—The Citizens’ National Bank of Pottstown, Pa. Capital, $100,000. President, Daniel R. Cofrode; Cashier, C. Frank Duden.
4.715—The First National Bank of Jonesboro, Tenn. Capital, $50,000.
President, E. H. West; Cashier, Tate L. Earnest.
4.716—
The First National Bank of Creede, Col. Capital, $50,000.
President, John McDonough; Cashier, Jay B. Merritt.
4.717—The Farmers’ & Merchants’ National Bank of Rockwall, Texas.
Capital, $50,000. President, M. 8. Austin; Cashier, John R.
Williams.
In notice, dated Jan. 25,1892, of new national banks organized, the
title of “ The National Exchange Bank of Anderson,” Ind. (No. 4,685),
was erroneously stated as “ The National Bank of Anderson.” Ind.
The corporate existence of the First National Bank of New London,
Ohio (No. 1931), expired at close of business March 23, 1892.
I mports and E xports for the W eek .—The following are
the imports at New York for the week ending (for dry goods)
March 31; and for the week ending (for general merchandise)
April 1; also totals since the beginning of the first week in
January.
FOREIGN IMPORTS AT NEW YORK.
For Week.
1889.
Dry Goods.......
Gen’l mer’dise.
1890.
$3,004,827
8,684,686
$3,203,855
8,856,541
1891.
1892..
$2,317,415
7,870,653
$2,670,564
9,666,701
Total.......... $11,689,513 $12,060,396 $10,188,068
Since Jan. 1.
Dry Goods....... $42,180,854 $45,725,623 $38,937,913
Gen’l mer’dise.
88,434,436
86,488,047
99,192,675
$12,337,265
$37,282,858
106,893,965
Total 13 weeks. $130,615,290 $132,213,670 $138,130,588 $144,176,823
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 o f
specie) from the port of N ew Y ork to foreign ports for the
week ending April 2 and from January 1 to date :
EXPORTS PROM NEW YORK POR THE WEEK.
1889.
For the w eek..
Prev. reported.
1890.
$7,535,876
80,482,147
$5,392,334
83,751,092
1891.
1892.
$5,696,552
82,639,709
$7,837,272
98,121,981
Total 13 weeks. $88,018,023
$89,143,426 $88,336,261 $105,959,253
The following table shows the exports and imports of speci e
&t the port of New York for |the week ending April 2 and
•ince Jan. 1, 1892, and for the corresponding periods in 1891
and 1890:
EXPORTS AND IMPORTS OP SPECIE AT NEW YORK.
Gold.
Exports.
Week.
Great Britain..........
F r a n c e ..................
Germany................ .
West Indies.............
Mexico......................
South America........
All other countries.
Total 1892.
Total 1891.
Total 1890.
Silver.
Amount on deposit to redeem national bank
notes April l, 1892....................
Deposits by—
[V ol.
Great Britain............
F ra n ce .....................
G e rm a n y ................
West I n d ie s ............
Mexico........ ...............
South A m erica........
All other countries..1
Total 1892.
Total 1891.
Total 1890.
Imports.
Since Jan. 1.
$17,583 $2,355,577
600,000
600,000
3,780,000
96,987
5,614,648
4,000
'*9,700
413,300
$724,270 $12,767,525
1,519,796 11,010,059
75,543| 2,091,438
Exports.
Week.
Since Jan. 1.
$792,800 $5,295,580
250
327,160
500
407,249
4.0Q
507,500
10,440
$793,050 $6,548,858
251,535
4,686,529
890,591
7,287,695
Week.
$337,750
'*8',800
18*,804
Since Jan. 1
$28,725
4,496,901
769,000
73,767
10,894
228,450
116,676
$365,354 $5,724,413
4,424
1,423,904
233,130
3,454,169
Imports.
Week.
Since Jan. 1.
$92,800
$511
600
14,618
’67,434
22,355
168,584
4,079
$15,729
15,157
83,447
$355,252
513,130
449,133
O f the above imports for the week in 1893 $9,713 wer®
American gold coin and $89 American silver coin. O f the
exports during the same time $9,700 were Am erican gold
coin.
THE
A p r i l 9,185 2.1
C H R 01S IC L E .
The movement o f breadstuff s to market is indicated in the
statement below, prepared by us from the figures o f the New
York Produce Exchange.
W e first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending April 2, 1892,
and since August 1, for each of the last three years:
Receipt* at—
Milwaukee.
Duluth........
Minneapolis.
T oled o..........
D etroit.. .
C leveland....
St. Louis......
P eoria ........
Tot.wk. 'P2
fame wk.’91.
Seme wk.’90.
Barin.
Bye.
Oats.
Wheat.
Corn.
Mow.
BbU.imbs Bush.SOibi Bueh.B&lb: Bush.32 lbs BushAS lb B «. 56 l'
1,242,169
71,000
344,408
108,400
48,139
15,100
1,772,715
40,020
1,925
2,890
7,449
30,198
3,150
444,300
209,468
1,122,052
1,012,200
41,403
50,381
23,40?
114,344
21,000
851,300
28,198
19,850
076,470
187,400
2,500
20,291
58,779
218,750
137,000
1,100
19,600
0.257
42,000
80,600
1,000
200,165
182,082
181,545
3,044,670
1,090,118
1,307,839
3,055,953
1,232,352
4,376;048
1,750,489
1,104,603
1,321,853
581,423
264,827
339,133
75,041
47,338
55,853
117,203
43,350
.....
48
6,354
4,400
Since Aug. I.
1801-92.......
1890-91......
1889-90....
8,581,142 182,475,813 90,745,174 74.804,477 27,827,030 13,407,719
7,554,164 86,620,970 64,704,744 65,529,670 20,924,820 3,630,272
8,228.141 95,879,638 124,747,340 59,970,653 22,190,001 4,754,474
The exports from the several seaboard ports for the weefe
end ng April 2, 1892, are shown in the annexed statement:
Exports
from —
Oom.
Wheat.
Hour.
Oats.
Bush.
496,772
16,791
Bbls.
84,893
44,716
2,092
787,628
471,578
701,093
52,894
63,963
3,545
Tot. week, 1,768,961 2,473,862
â’ me time
1891 . . . 610,658 374,052
252,103
150,250
226,258
3,086
Bush.
New York 1,086,225
Boston... 114,095
68,505
Portland.
Norfolk..
Phlladel. 131,128
Baltim’re
44,000
E. Orl’ns. 325,008
N.News..
Blohm’d .
Bush.
66,447
55,153
28,650
Bye.
Bush.
175,126
5,000
180,126
Peas.
Bush.
13,437
16,112
9,900
........
39,449
38,987
f. The visible supply o f grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
portr, April 2, 1892:
Wheat,
Oom,
Oats,
Bye,
Bar ey,
In stcre at—
bush.
bush.
bush.
bush.
busa.
New York........
1,581,000
83.000
842,000 702,000 440.000
Do afloat.....
28,000
64,000
30.000
A lbany. . . . . . . . . .
5,000
41.000
6,000
2,000
Buffalo.............
897.000
32.000 115.000 106.000
41.000
Chicago............ . 9.824.000 2.589.000 881,000 457.000
70.000
Do
afloat.... 1.367.000 1.584.000 165.000 187.000
54.000
Milwaukee..........
362.000
11.000
6,000
42,000 157,000
D u lu th ............... 12,228,000
Do afloat....
401.000
T oled o................ 1.179.000 1,338,000 119,000
96,000
Detroit.................
529,000
12,000
42,000
30,000
43,000
Oswego................
25,000
20,000
St. Louis.............
820,000 2,430,000 209,000
1,000
51,000
Do
afloat...
51,000
93,000
Cincinnati........ .
4,000
89,000
7,000
2,000 103,000
Boston................
240.000
48,000 143.000
9,000
30,000
Toronto..........
156.000
11,000
88,000
M o n tre a l.........
584.000
462.000
90,000
38,000
Philadelphia.......
519,000
815,000 395,000
Peoria..................
24,000
224,000
58,000
13,000
9,000
Indianapolis.......
16,000
27,000
79,000
1,000
Kansas C ity .....
387,000
78,000
17,000
3,000
Ea'tlmore..........
689,000
933,000 169,000 137,000
Minneapolis........ 8,855,C00
54,000
27,000
4,000
On Mississippi...
221,000
411,000
45,000
On canal & river.
17,000
............
............
Tot. Apr. 2,*92. 41,028,009 11,539,000 3,692,000 1,643,000 919,000
Tot. Mar. 26.’92. 41,297,000 12,154,000 3,891,000 1,702,000 1,094,000
Tot. Apr. 4,V I. 22.483.910 2,661,233 2,545,337 455,405 1,275,693
Tot. Apr. 5,’90. 26,845,738 21,412,707 4,504,662 1,375,794 1,176,309
Tot. Apr. 6,'89. 28,779,354 16,501,763 7,008,644 1,545,994 1,181,377
587
— Attention is called to the notice that the Fourth National
Bank of this city has been appointed fiscal agent for the
State of Kansas. A ll obligations payable at the fiscal agency
after April 7,1892, should be presented at this bank a 3 they
become due.
N. Y . and B rooklyn Gas Securities— Brokers’ Quotations.
G A S C O M P A N IE S .
Bid. A sk.
120
Consolidated G as................
Jersey C ity & H o b o k e n ..
M etropolitan—B o n d s .......
Mutual (N . Y .)................
110*8 M etr opoii can (B rook ly n )..
........1 M unicipal—B onds, 7 s.......
F u lton M u n icip a l..............
112
B onds, 6 s....... ..................
102 J
B onds, 6 s ....... ........... .
110
175
110
135
100
Nassau (B rook lyn )............ 138
S c r ip ..................- .............. 100
P eople’ s (B ro o k ly n )....... .
— In another column the Canadian Pacific Railway gives
notice to its shareholders that the annual meeting will be held
in Montreal on the 11th of May. The meeting will be made
special for the purpose of giving effect to any legislation of
the Parliament of Canada authorizing the issue of additional
consolidated debenture stock in exchange for mortgage bonds
guaranteed by the company.
125
108
102
133
102
145
106
10ft
134 j
107
150 1
City R ailroad Securities— Brokers’ Quotations.
A tlantic A v ., B ’k ly n .S t’k.
Gen. M., 5s, 1 9 0 9 ...A & O
Bl’ ck erS t. & F u l.F .- S t k .
l s t m ort., 7s., 1900-.J& J
Br’ dw ay < 7 th A v.—S t’k ..
fe
l s t m ort., 5s, 1904 .J& D
2d m ort., 5s, 1 9 1 4 ...J & J
B’ w ay ls t , 5s, g u .......’ 24
2nd 5s, int. as ren t., ’ 05.
Brooklyn City—S tock .......
B ’k lv n cro s st’n 5 s., 1908
B kn.C ’y & N ’n5s, 1938, J& J
Central Crosstown—St’ k ..
l s t m ort., 6s, 1 9 2 2 .M &N
Cent. P k.N .& E .R iv .—Stk.
Consols. 7s, 1902 ...J & D
Ory D k.E .B .& B at’y —Stk.
l s t m ort., 7s, 1893.. J& D
108
100
27
113
195
104
104
104
94
x 176
109
101*fl
135
115
122
116
123
100
110
103
29
116
200
106
Drv D ock E . B ’y & B .—
S c r ip ..................................
Eighth A v .—Stock .............
E ighth A v .—S orip,6s,1914
42d & Gr’nd St. F ’ry —Stk.
l s t m ort., 7s, 1 8 9 3 .A & O
42d St. Manh.& S t.N .A ve.
l s t m ort., 6s, 1910.. M&S
96
2d M „ in co m e ,6 s ....J & J
H oust.W .St.& P .F ’y —Stk.
110
l s t m ort., 7s, 1 8 9 4 ..J& J
102*a N iuth A v e .......................... .
117
125
120
122
101
'
100 102
«
230
105,109
250 ___
102Ì105
47 50
110 112
53 55
200
100 107
125 135
106 108
102 105
205 210
230
110Ì113
250!.......
l s t m ort., 5s, 1909. M&N
Sixth A v e .—S t o c k ...........
T hird A v e .—S t o c k ............
l s t M., 5s, 1937.......J& J
T w enty-third St.—S to ck ..
1st m ort. 7s. 1893______ 1021104
Auction Sales— Am ong other securities the following, not
regularly dealt in at the Board, were recently sold at auction*
B y Messrs. R. Y . Harnett & C o.:
Shares.
Shares.
50 Nat. B’k o f Commerce... 188
70 Merchants’ Ex. Nat. B’k .127*3
40 Bank of State of N. Y . . . . 118*2
50 Southern Nat. Bank........ 100
100 Nat. Butch. & Drov. B’k. 185
Bonds.
15 N. Y. & N. J. Mining C o.$10
$14,000 Anehor M’f ’g. Co. of
100 National Heating C o .... 50
, Michigan 6s, A&O. Oct., ’90
andallsuhseq.’t oonp. att’ d. 20
By Messrs. Adrian H . Muller & Sons:
Shares.
Bonds.
5 N. Y. Eoonom’l Pr’t’g Co.154
$10,000 Kent. & Ind. Bridge
60 Undiv’d Assets of N. Y. &
Co., 1st, 5s, gn., 1911,M&S. 93
Brooklyn Perry C o ....$180
$10,000 Marietta Miner’l R’y
10 N. Y. County Bank........ 612
Co., 1st, 6s, 1915, M&N.... 90%
50 Citizens’ Fire Ins., N. Y. 110*4 $10,000 Nebr. Loan & Trust
Co., Hastings, Neb. 6s, deb.
27 Peoples’ Fire Ins., N. Y . 81*8
5 Home Insurance Co.......144
1898, series 4, J&D............ 93%
12 City Fire Ins. Co., N. Y.. 9 9 *a $10,000 Norfolk City RR.Co.,
200 Manhattan Co. B a n k .... 181*8
1st, 6s, 1913, J&J............... 75
50 Shoe & Loath. Nat. B k.. 152*3 $10,000 Nebraska City Gas
15 Warren RR. Co............... 143*4
Co., 1st, 6s, 1907, J&J....... 70
22 First Nat. Bank, Utica,
$6,000 B’dway & 7th Ave. RR.
N. Y ,...................... $102*4per sh.
5s, 1904, JAD .......................105*4
50 Nat. Broadway Bank... 277*s $3,000 Cin.& Balt. R’ way 1st,
1 Memb.N.Y. Prod. Exch.$805
7s, guar., 1900, J&J...........113*8
5 Hide A Leath. Nat. B k.. 126% $2,000 Evansv. Ter. Haute &
37 Home Insurance Co....... 141
Chio. R’y, 6s, 1900, M&N.. 107%
32 N. Y. P ro.* Bost.RR.Co. 236*2 $1,000 Louisv. & Nashv. RR.
10 Brooklyn Trust C o ........ 476
(St.L.Div.),2d, 3s,’90, M&S. 61*3
10 Blackwell’s Durham To
$10,000 Moni. Tusca.&Mem.
R’y, 1st. 6s, 1929, J & J ....$1,000
bacco Co...........$15% per sh.
$500 Citizens’ Fire Ins. Co. of
$10,000 Hoboken Turtle Club
N. Y. 7 p.c. scrip, issue
lsts, 1910, May, 1891,
of 1870............................ 75*3
coupon o n .....................
60
SiwMixö ami ffittaucial.
Spencer Trask
Sc Co., ''WJ
BAN KERS,
N os. 1 6 a n d 18 B r o a d Street. N ew York: C ity. J
2 0 Congress Street. B o sto n .
A L B A N Y N. Y .1
— It is stated that the Pennsylvania Railroad Company has
made a negotiation with Kuhn, Loeb & Co. and Speyer & Co.,
of New York, covering $11,000,000 4% per cent gold bonds of
1940 of the Pittsburg Cincinnati Chicago & St. Louis Rail
w ay Company. The bonds are issued under a consolidated
mortgage limited to $75,000,000 upon the Pennsylvania Com
pany’s system west o f Pittsburg consolidated into the Pitts
burg Cincinnati Chicago & St. Louis Railway Company,
and arrangements have been made to convert all but about
$21,000,000 of outstanding prior liens into the consolidated 4%
p. c. bonds, guaranteed principal and interest by the Pennsyl
vania Company.
Bid. Ask
84
87 ’
G A S C O M P A N IE S .
B rooklyn G as-L ight........... 118
102
3
PROVIDENCE, R. I.
Direct Private Wire to Each Office.
A ll classes o f Securities Bought and Sold on Commission. Special attention
given to INVESTMENT SECURITIES.
LIB ER TY N A T IO N A L BANK,
(Central Building, 143 Liberty Street. New York.
CAPITAL,
.
.
.
.
$ 5 0 6 ,0 0 0
' ACCOUNTS OF BANKS, BAN KERS AND M ERCHANTS SOLICITED.
H ENRY C. TIN K E R President.
H E N R Y GRAVES, Vice-President.
JAM ES CHRISTIE, Cashier.
DIRECTORS.
H E N R Y C. TINKER,
H EN RY GRAVES,
GEO. F. B AK ER ,
J. R. M A XW E L L .
E. F. C. YOUNG,
W M . RUNKLE,
DUMONT CLARKE,
JNO. H . STARIN.
H . C. FAHNESTOCK, ! '
HON. G. A . HOBART* B
J. A . G A R L A N D !
, .
T H E M ER C A N TILE N A T IO N A L BANK
OF THE CITY OF NEW Y O R K ,
No. 191 Broadway.
C apital.
$ 1 ,0 0 0 .0 0 0 I S n rp lu s& P ro fits, $ 1 .0 3 0 .0 0 0
W IL L IAM P. ST. JOHN, President. I FRED ERICK B. SCHENCK, Cashier. 1
JAMES Y . LO TT, Assistant Cashier.
— Evansville & Richmond general first mortgage forty-year
five per cent bonds are offered for sale by Messrs. Harvey
Fisk & Sons. These bonds are guaranteed, principal and in
terest, by the Evansville & Terre Haute R .R ., a dividend payer
since 1880. Further particulars may be found in the adver
tisement in another column.
Capital.
— The City Chamberlain of Albany, N . Y ., advertises in our
State and City Department the sale at auction on April 20 of
some new issues of bonds.
JB. W O O D W A R D ...............................President.
H EN RY CH APIN , J b ............. Cashier I J. FR ED ’ K S W E A S Y ....A sst.C ashier
A ccounts solicited and careful attention to the interests of Depositor
guaranteed.
ACCOUNTS SOLICITED.
TH IR D N A T IO N A L BANK
OF T H E
-
C IT Y OF N E W Y O R K .
-
-
-
-
$ 1 ,0 0 0 ,0 0 0
THE
588
C H E O N IC L E .
l h * f P a t t k m ' © a le tte .
D I V I D E N D S .
Name o f Company.
When
Per
Cent. Payable.
Books Closed.
(Days inclusive.)
R a ilro a d s.
2 April 16 to May 6
lay, May
Central RR. of N. J. (quar.).
2 April 21 to April 60
May
Cin. Sandusky & Cleve. pref
3
Con. & Mont, class I (B.C.&M.pf.)
2 ---------- t o ---------May
“
“
“ IV (Concord). } 3
1% April 20 April 1 to
Del. Lack. & West, (quar.)...........
2 April 12 to May 2
May
Long Island (quar.).......................
9 April 19 to May 9
N. Y. Susq. & West, pref..............
1»4 May
F ire In su ran ce.
April 11 April 3 to April 10
3
North River....................................
m iscellan eou s.
2 April 16 to May 2
May
2
American Tobacco pref. (quar)..
Apr. 15 ")
2
Claflin (H. B.) Co. com. (quar.)...
«
“
“ 1st pf. (quar.).
1% May 1 3 April 8 to April 15
—
“
“
“ 2d pf. (quar.).
1% May 1>
2 April 21 to May 2
2
May
Edison General Electric (quar.)..
2*3 > May
National Cordage com. (quar.).
2 April 16 to May 2
2 C
“
“
pref. (quar.).
2 April 16 to May 2
May
4
National Starch Mfg. 1st pref.
W A L L ST R E E T, F R ID A Y , A P R IL 8, 1 8 9 2 —5 P . M.
jVOL, LIV.
Posted rates of leading bankers are as follows:
April 8.
Sixty Days.
Demand.
Prime bankers’ sterling bills on London.. 4 87 ®4 87ia 4 88%®4 8 »
............
Prime commercial................ ..................— 4 85%®4 85%l
.......... .
Documentary co m m e rcia l....................... 4 85 ®4 8514
Paris bankers (francs)................................ 5 18%®5 17ia 5 16%®5 15%
401»tft ® 4 OI4 4 0 3 8 «4 0 7 ia
Amsterdam (guilders) bankers..................
Frankfort or Bremen (xeichmarks)b’nkers i 95%®95% I 953s®95ia
The following were the rates of domestic exchange on N ew
York at the undermentioned cities to-day: Savannah, buying,
par ; selling % premium; Charleston, buying par, selling % to
3-16 premium ; New Orleans, bank, $1 50 per $1,000 premium;
commercial, 50c. prem iu m ; St. Louis, p a r ; Chicago, 10c. per
$1,000 discount.
U nited States Bonds.— Quotations are as fo llow s:
Interest April April April April April April
Periods
4.
5.
6.
7.
8.
2Q.-Mch. *100 *100 *100 *100 *100 *100
2s,
115% *115»« *116
116
___reg. Q.-Jan. *116
116%
Q.-Jan. *116
116%
l l ö 1 115% *115»« 116
*
___reg. J. & J. *109 *109 *109 *109 *109 *109
___reg. J. & J. *111 *111 *111 *111 *111 *111
___reg. J. & J. *113 *113 *113 *113 *113 *113
___reg. J. & J. *116 *116 *116 *116 *116 *116
....r e g . J. & J. *119 *119 *119 *119 *119 *119
‘ ThisIs the price bid at cue morning board: no sate was made.
Government Purchases o f S ilver.— The following shows
the amount of silver purchased by the Government in April :
The Money M arket and Fin an cial Situation.— The export
of $600,000 gold last week has not been followed up by further
shipments, but on the contrary the Bank of England rate is
down to 2 % per cent, and there has been more buying of
Ounces
American stocks for London account than we have had for
Ounces
Price paid.
offered. purchased.
some time before. This latter movement is attributed by some
825,000 $0-8750 ® $0*8758
to the arrival in London of Mr. J. Pierpont Morgan, and Previously reported............ 455.000
494.000 $0 8783 ® $0-8785
886.000
whether this is precisely correct or not in this instance, there
220.000 $0-8620 ® $0-8640
400.000
224.000 $0*8645 ® $0*8650
8 ............................... 324.000
is probably no person whose opinion on our railroad securities . «
. . . . ® $ .........
would have more influence in London than Mr. Morgan’s. The
1,263,000 $0*8620 ® $0*8785
*Total in month to date.. 2,065,000
situation is remarkably good when compared with April of
last year, when gold was going out so freely, and foreign hold the following week.
Coins.— The following are the current quotations in gold for
ers were more inclined to sell than to buy our securities.
Prices of bonds and stocks are generally much higher than various coins:
86 ® — 87
Sovereigns.......... $4 86 ® $4 90 Fine silver b a rs..
they were a year ago, but then we were just recovering from Napoleons.......... 3 86 ® 3 90 F iv e fia n o s .. . . . . . — 90
® 4 80 Mexican dollars.. — 67
the panic year 1890, the new crops of spring planting were yet X X Reichmarks. 4 74
Do uncommero’ l — —
25 P esetas.... .. 4 75 ® 4 85
— 70
scarcely in the ground, and gold was exported at a rate al Span. Doubloons.15 50 ®15 70 Peruvian s o ls ..... — 66
4 90
Mex. D oubloons.15 50 ®15 70 English silver. . . . 4 8 0
most alarming. Now, we have been reaping the benefit of Finegold b a rs ... par ®% prem. iU.S. trade dollars — 70
the immense crops of 1891, of which a good part yet remains
State and R ailroad Bonds.— Sales of State bonds at the
to be transported, and with the exception of the unsatisfac Board have included $2,000 North Carolina 43 at 98; $14,000'
tory silver purchases and issue of Government notes therefor, Louisiana cons. 4s a t8 5 % ® 8 5 % ; $10,000 Virginia 6s def. tr.
there is scarcely a threatening cloud upon the horizon, al receipts, stamped, at 7; $1,000 Tennessee settlement 3s at 6 9 % .
Railroad bonds have been a trifle more active than last
though the Presidential election year is not regarded as favor
week, and the demand has been pretty well distributed, with
able for active business.
prices not materially changed. A s the interest on most of the
It may be fair to take 5 per cent as a reasonable standard of railroad bonds is payable in gold, and also their principal, these*
securities promise to meet with a growing demand under a
interest to be looked for on a good railroad mortgage bond,
continued easy money market; but it is rather obviousand there are many bonds on the Stock Exchange list which
that those issues will be most desirable which belong to
still yield that interest approximately at their ruling prices,
companies whose managers will keep faith with bondholders,,
and whose roads can earn a good surplus above their mortgage
though it is well known that the choicest gilt-edged bonis
interest. The Richmond Terminal 5s have again been the
yiel d less than that.
most active of the list, and after declining early in the week
The open market rates for call loans during the week on
have lately been stronger, closing at 58% on the better pros
stock and bond collaterals have ranged from 1 % to 2 per cent, pects of the Olcott plan. Reading incomes have varied with
the stock, though not dealt in as heavily as that, and neither
the average being a little less than 2 p. c. To-day rates on call
were 1 % to 2 p. c. Commercial paper is quoted at 3 % @ 4 per of them were much influenced by the New Jersey veto.
Atchison incomes have also been more active at better prices,
cent.
closing at 59% against 58 last week. The status of other
The Bank of England weekly statement on Thursday showed bonds is shown by their prices on following pages.
a decrease in bullion of £815,000, and the percentag e of reserve
R ailroad and Miscellaneous Stocks.— The stock market
to liabilities was 40*24, against 40*45 last week; the discount has been more active, but quite irregular in the movement of
rate was reduced from 3 per cent to 2 % Per cent. The Bank different stocks. There has been more buying of some of
the prominent stocks, such as the Grangers, Delaware & H ud
of France shows an increase of 10,625,000 francs in gold and son, Manhattan, & c., as well as of the industrials, like Cotton
a decrease of 900,000 francs in silver.
Oil, Chicago Gas, National Cordage and National Lead stock.
The New York Clearing-House banks in their statement of Part of the animation came from purchases made for London
April 2 showed a decrease in the reserve held of $407,800 account, and the buying in that direction was said to be larger
than for some weeks past.
_
1
and a surplus over the required reserve of $18,017,950, against
St. Paul has been one of the most active stocks, and with
$18,007,425 the previous week.
its large holdings in London and this market it is presumed
that the stock is taken on its dividend prospects as based on
the earnings. Atchison is also one of the London favorites,
1891.
Different sfrom
1890.
1892.
and has met with a fair demand around 87 % @ 38. The usual ru
April 4.
April 5.
Prev. week.
April 2.
mors of N. Y . Central buying came with the rise in Delaware
<
§
$
$
$
60.910.100 61.062.700 & Hudson above 149, but the stock is off again to-day to 145.
Capital................. 60,372,700
63.410.700 58.249.600 Northern Pacific pref. has been quite active, closing at 61% ,
Surplus................ 66,704,400
Loans and disc’ts 489,725,100 Dec! 710,200 412,893,500 408,057,700 the same as last week. New York & New England declined to
3,718,100 36% on Wednesday, but rose again sharply above 40, and closes
31,300
5,569,000 Dec.
3,491,000
C ircu la tio n ......
Net deposits........ 528,447,400 Dec.1,673,300 415,651,300 411.575.300 at 39% , the fluctuations seeming to be accounted for by the
101,894,500 Inc. 675,800 77.140.100 81.859.700
Specie..................
48,235,300 Dec. 1,083,600 33.162.700 22.476.600 sales of insiders rather than by any change in value of the
Legal tenders—
Reserve held___ 150,129,800 Deo. 407,800 110,302,800 104.336.300 stock; one rumor had it that Boston parties were large sellers.
Legal reserve... . 132,111,850 Dec. 418,325 103,912,825 102,893,825 Reading has been tolerably steady within a limit of about 2
10,525
6,389,975
1,442,475 per cent, and the veto of the New Jersey bill had little effect.
Surplus reserve 18,017,950 Inc.
Richmond Terminal has fluctuated as the prospects of its plan
Foreign Exchange.— The tendency of sterling bills has were thought to vary from day to day. The American Cot
been toward easier rates, and there has been more buying of ton Oil has advanced above 40, probably on the hope of a
American securities for London this week than for some time dividend this season on the preferred stock, if not on the com
past. Actual rates for exchange a r e : Bankers’ sixty days mon. Manhattan Elevated was notably strong to-day, rising
sterling, 4 86% (§4 86 % ; demand, 4 87 % @ 4 87% ; cables, to 124 and closing at 123%. Silver bullion certificates are very
dull at 86% .
.
4 87 % @ 4 88.
THE CHRONICLE.
A pbil 9,1892.J I
589
NEW YORK STOCK EXCHANGE— A C T IV E STOCKS for week ending A P R IL 8 , and since JAN . 1, 1 8 9 2 ,
HIGHEST AND LOWEST PRICE»
STOCKS.
A c t iv e B B . S t o c k s .
Atchison Top. & Santa Fe___
Atlantic & Pacific..................
Baltimore & Ohio..................
Canadian Pacific....................
Canada Southern..................
Central of New Jersey..........
Central Pacific.......................
Chesapeake & O., vot. tr. cert
Do
do
ls t p r e f ...
Do
do
2d pref___
Chicago & A lto n ....................
Chicago Burlington & Quincy
Chicago & Eastern Illinois...
Do
pref
Chicago Milwaukee & St.Paul
Do
pref
Chicago & Northwestern___
Do
pref
Chioago Bock Island & Pacific
Chicago St. Paul Minn. & Om
Do
pref
Cleve. Cincin. Chic. & St. L ..
Do
pref
Columbus Hocking Yal. & To]
Delaware & Hudson___
Delaware Lackawanna &Wes
Denver & Bio Grande ..........
Do
pref
East Tennessee Ya. & Ga___
Do
ls tp re f
Do
2d pref
Evansville & Terre H aute...
Great Northern, pref.............
Illinois Central...............
Iowa Central.......... ...............
Do
pref
Lake Erie & Western............
Do
pref
Lake Shore & Mich. Southern
Long Island...................
Louisville & Nashville..........
Louisv. New Alb. & Chicago.
Manhattan Elevated,consol.
Michigan Central...................
Milwaukee Lake 8h. & West.
Do
pref
Minneapolis & St. Louis.......
Do
pref
Missouri Kansas & Texas . . .
Do
pref
Missouri Pacific..................
Mobile & Ohio.........................
New York Central & Hudson
New York Chic. & St. Louis .
Do
lstp ref
Do
2d pref
New York Lake Erie & West’n
Do
pref.
New York & New England...
New York New Hav. & Hart.
New York Ontario & Western
New York Susquehan. &West.
Do
pref.
Norfolk & Western.
Do
pref.
Northern P acific...
Do
pref
Ohio < Mississippi.
fc
Ohio Southern........................
Oregon B’y & Navigation Co.
Oregon 8h. Lin (*&Utah NortI
Peoria Decatur & Evansville
Phila. &Read., vot. trust, cert.
Pittsburg Cinn. Chic. & St. L
Do
pref
Pitts. & W e st, pref. tr. certs.
Saturday,
April 2.
Monday,
April 4.
Tuesday,
April 5.
Wednesday, Thursday,
April 7.
April 6.
36% 37% 36% 38% 37% 38%
*4%
4% *4% 4%
4%
97% 98%
97% 98% 97% 98
89
89
*88% 89% *89% 90
60% 60% 60% 61% 61% 61%
138 139%
135% 137% 135 139
31% 31%
30% 30%
24
23% 24% 243a 24%
23
*60% 61% 60% 61% 61% 61%
42% 42% 42% 42% 43
42
*147 150 *147 150 *148 150
107% 108% 108 108% 108% 110
63
*62% 64% *62% 64% 63
*
100
99% 99% 99% 99%
79% 79% 80%
77% 78% 78
123 123% 123% 123% 123%124
119% 120% 119% 1203s 120% 121
143% 143%
*142 143%
84% 85% 85% 86% 85% 86% 86% 87% 86% 83%
47% 47% 48%
46% 46% 47% 46% 47% 47
*113 116 *114 118 *112% 116 *113 118 *112 116
68% 69% 69% 70% 69% 70% 69% 70% 70% 71%
29% 30% 30% 31% 31% 31% 313s 31%
29
29
138% 140% 140% 144% 142% 144% 143% 147% 146% 149%
4
156% 160% 158% 1603
154 155% 155 156% lo o 157
*17% 18% *17% 18% 18% 18%
*17% 18
*16% 18
53
52% 51% 52% 53
51% 51% 51% 52
51
5%
5%
5%
5%
5»4
5%
5%
5%
*5%
6
40
40
*30
45
*30
45
*40
50
*30
45
13
14
12% 12% 13
14
*14% 16
*14
16
124 127
126 126 11125 127
135 135% 135% 135%
*134 137 *130 134 *130 135
*104 104% 104 104% 104 104% 103% 103% 104% 104%
12
11
11% *10% 11% *11
11
11
11
11
*43
47
*42% 47
49% *42% 47
*48
*40
46
25% 25%
24% 25% 25% 2538
25
25
25
25
76% 76%
75% 75% 7.5% 76
75
74% 74% 75
131%133% 132% 133%
131 131% 131 132
130% 131
102 102
102 102 *101% 103
*101% 103
*101 103
75%
74% 753a 75
71% 72% 72% 73% 73% 74
24% 24% 24% 24% 25%
24
24% 23% 23% 24
118 118% 118% 119% 119 119% 119 120% 120% 121%
11138 1113g
111 111
110 110 *110 111 *110 111
*94
*94
*94
*94
*94
*130 140
*130
*130
*130
10% 10%
*10
10
10% 10
10
*10
10% 10
*21% 22%
*21% 23
23
21% 21% *21
*20% 22
16% 16% 16% 16% 17% 17%
*16
17
16
16
29
27% 2734 27% 28% 28% 29
27% 27% 27
57% 58% 58% 59% 58% 59% 58% 60% 59% 60%
38
38
*37
38%
38
37% 37% 36% 36% 38
*85
88
*85
*85
88
*85
87
88
‘ 85
88
113% 113% 113% 114% 113% 114% 113% 115% 115 115%|
*18
19
*18
18
18
19
*18
18% * *18% 19
*73
77
*72
*72
76
76
77
*73
76
39% 39%
*38
40
41
39% *38
*40
*38
39%
29% 29% 29% 30% 303g 30% 3038 31% 3138 31%
74% 74%
72% 72% 72% 72% 72% 73% 72% 74
40%
37% 42% 36% 4038 39
42
40% 42% 40
*230 235 *230 235 *230 235 *230 235
*230 235
19% 19% 19% 19% 193a 19%
18% 18% 18% 19
*12
12% 12% 12% 12% 12% *12% 12% 12% 12%
58
58% 58% 58%" 58%
59
58
*57
57
57
*14
14%
15
14% 14% *14% 14% 14% 14% *14
*49
50
*4938 49% 49% 50
49
49
49
49
22% 21% 21%
22
22
21% 21% 21% 22% 22
60% 61% 61% 62% 61% 62% 61% 62% 61% 62%
*22% 25
*22
24
*30
35
*25
40
35
*30
33% 35
*33
40
*85
88
86
87
*85
88
89
*85
*87
88
28
27% *27
25% 27
*25% 26% *24
18% 19%
19
18% 18% 18% 18% 19
*18
19
5438 55% 5438 5638 553a 56%
54% 56
53% 55
23% 23%
*22
24
25
24% 24% 23% 24% *22
61
60% 60% 61
60
61
*62
64
*60
62
39% 39%
*38% 41
*38% 41
*38
39
*38% 41
93s 10%
83s 9%
9% 1 0 %
10% 10% 10% 11
59
54% 57
50
53
55
58
58
59
59
39
*38
3 7 % 3 7%
38
38
*72
74
72% 72%
*110 111% *110% 111%
110% 110% 110% 110%
111 111
9
8%
8%
8
*8
8%
8%
8%
*7%
8%
17% 17%
16% 16% 16% 16% 16% 17
16
16
43% 43% 43% *43% 44% 44% 45%
42% 42% 43
103 103 *103 105
104% 104% *103 104% *103 105
112 113 *111 113
111% 112% *113 114 *112 114
37% 37% 37%
37
37
37% 37% 37% 37% 37
10% 10% 10% 10% 10% 10% 10% 10% 10%
10%
243a 24% 25
*23% 24% .24
23
23% 24
23
52
*49
52
*49
*49
52
*49
*49
52
52
85
*83
85
*83
*83
85
*83
*83
86
85
46%
42% 43% 42% 43% 43% 44% 443a 46% 46
20% 20 % 20%
19% 19% 20
21
*19
19%' *20
13%
*11% 12% 11% 11% 12% 12% 12% 12% 13
29%
26% 26% 26% 27% 27% 27% 27% 283g 28
33% 33% 33% 33%
32% 33
32% 33% 32% 33
74% 74% 74%
73% 74% 74
73% 74
73% 74
17% *16% 18
16% 16% *16% 17% *16
*16
17
34% 35%
*4% 4%
97% 98
*87% 89
59% 60%
135% 136%
31
31
23
23%
60% 60%
*40% 41%
*147 150
106% 107%
*62%
100
75% 76%
122 122
118% 118%
35% 36%
4%
*4%
97% 98%
88
88
60% 60%
136% 137%
*30%
23% 23%
60% 61
41
41
*146 148
107% 108%
*62%
98% 99
76% 77%
122% 122%
118% 119%
Do
pref.
Rio Grande Western
Do
pref.
Rome Watertown &Ogdensb.
Bt. Louis Southwestern
Do
pref.
Bt. Paul & Duluth.
Do
pref.
St. Paul Minn. & Manitoba...
Southern Pacific Co...............
Texas & Pacific.....................
Toledo Ann Arbor & N. Mich
Toledo < Ohio Central..........
fc
Do
pref
Union Pacific. . .
............
Union Pacific Denver & Gulf
Wabash.....................................
Do
pref
Wheeling & Lake E rie .........
Do
pref
Wisconsin Central Co............
m iscellaneous Stocks.
37%
38
American Cotton Oil Co........
36% 36% 36% 36% 36% 36% 37
73% 74% 74%
72% 73
72% 73
72% 73
Do
pref.
93%
Am. Sugar Bef. Co
91% 93
92% 94% 92% 95% 92% 94%
96% 96% 97% 97% 97% 97%
Do
p re f. 96
96% 96
75%
75% 75% 76
Chicago Gas Co., trust rec’ts. 73% 74% 74% 75% 75
Colorado Coal & Iron.
30% 31% 30% 31% 30% 31% 30% 30% 31%
110% 110% 110 110% 110%
Consolidated Gas C o..
110% 110% *111 112
46%
Distilling & Cattle Feed’gC o. 46% 47% 46% 47% 46% 47% 46% 47
*96
98
*97
*97
98
*96% 97
Edison General Electric
*97% 99
98% 98% 99% 99%
National Cordage C o ...
97% 98% 98% 98% 98%
Do
pref. 107 107
107 107 *107 108% *107 108% 108%
32
National Lead Co..................
32
32% 32% 31% 31% 31% 31% 32%
81% 81% 82% 82% 82% 82% 82% 833s 83
Do
pref
14
North American Co...............
14% 14% 14% 14% 14% 14% 14% 14%
*23
27
*23
*23
*23
27
Oregon Improvement C o ___ *23
27
27
35% 35% 36
35
35
35
35% 35% 35
Pacific M a il............................
56%
57% 57% 57% 57% 57% 57% 56% §7
Pipe Line Certificates § ........
194^ 1941 *193%
a
Pullman Palace Car Co........ *192% 195
193% 193% *193 195
87% 87% 87% 87% 86% 87% 86% 86% 85%
Silver Bullion Certificates___
44% 45% 44%
44
Tennessee Coal & I r o n .........
44% 44% 4434 44% 45
102 102 *102
Do
pref *104 110 *104 110 *100 110
87
Western Union Telegraph__
87% 87% 87% 87% 87% 87% 88% 88%
mges.
* These are the prices bid and asked; no sale made § Prices from both Exchanges.
Friday,
April 8.
Sales
of the
Week,
Shares.
Range of sales in 1892.
Lowest.
Highest
35% Apr. 4 46% Jan. 4
4% Apr. 5 5% Jan. 2
95% Mar. 9 101% Mar. 12
86% Mar. 22 94% Jan. 12
58% Jan. 19 64% Mar. 5
111% Jan. 19 145 Feb. 2 »
30% Mar. 21 35 Jan. 4
23 Apr. 1 28 Jan. 14
59 Jan. 9 64% Jan. 16
38% Jan. 9 43% Feb. 17
139 Feb. 4 148 Apr. 9
103% Feb. 24 110% Jan. 28
62% Mar. 28 70 Jan. 2
98 Jan. 20 104 Feb. 11
75% Apr. 2 83% Jan. 7
120% Jan. 19 128% Mar. 5
114% Jan. 19 121% Mar. 5
141% Jan. 12 145% Jan. 28
84% Apr. 2 94% Jan. 7
44 Jan. 19 50% Jan. 29
108% Jan. 20 117% Mar. 5
68% Apr. 2 75 Jan. 7
95 Jan. 15 99 Mar. 7
29% Jan. 19 33% Feb. 18
122% Jan. 8 149% Apr. 7
138% J m . 19 167% Feb. 29
16% Feb. 4 19% Jan. 3
45 Jan. 8 54 Mar. 9
5% Apr. 5 9% Jan. 7
40 Mar. 24 51% Jan. 11
13 Apr. 7 20 Feb. 29
129% Mar. 10
x ll9 % Jan,
142 Mar. 17
119 Jan.
110 Jan. 5
103% Apr.
15% Jan. 4
11 Apr.
56% Feb. 13
46 Jan.
27 Feb. 25
20% Jan.
78% Feb. 19
69% Jan.
140% Mar. 5
120 Jan.
103 Mar. 7
95 Jan.
84% Jan. 2
71%, Apr.
31 Jan. 7
23% Apr.
124 Apr. 3
104 Jan.
116 Mar. 7
104 Jan.
94 Feb. 1
92% Jan.
135 Jan. 29
128% Feb.
10% Jan. 7
8 Feb.
24 Jan. 7
18 Mar.
20% Jan. 13
15% Mar.
33% Jan. 13
27 Apr.
65% Jan. 4
57% Apr.
42% Jan. 2
34% Jan.
90 Jan. 14
85 Mar.
119% Mar. 5
112% Jan.
22% Jan. 5
18% Mar.
81% Jan. 4
75 Feb.
45 Jan. 4
38 Apr.
34% Jan. 2
29% Apr.
77% Mar. 5
'70% Jan.
„ 59 Mar. 3
36% Apr.
224 Jan. 15 230 Mar. 30
18% Feb. " 23% Feb. H
14% Feb 15
10% Jan.
60 Mar. 14
41% Jan.
18 Jan. 4
14% Feb.
56 Jan. 4
49 Feb.
26% Jan. 2
21% Mar.
72% Jan. 2
60% Mar.
24 Jan. 5
21 Feb.
37% Mar. 23
30
30
200 19 Jan.
91% Jan. 28
*85% 88
85 Jan.
200
33% Jan. 4
*27% 29
200 25% Mar.
22% Jan. 4
*18% 19%
18% Apr.
900
65 Feb. 11
54% 55581
620,430 38 Jan.
24
24%
23% Apr. 4 30% Jan. 5
900
61% 61%
615 60 Apr. 1 67% Jan. 5
*38% 40%
180 39% Jan. 4 43 Jan. 7
10% 11% 50,895
8% Apr. 6 17% Feb. 12
59
59%
4,245 50 Apr. 6 79 Feb. 16
250 37 Mar. 2 41 Jan. 5
100 68 Feb. 26 74 Mar. H
*110% 111%
244 110 Jan. 19 112% Jan. 4
8%
8%
830 7% Apr, 1 11% Jan. 2
*17% 18
1,1401 16 Mar. 30 22% Jan. 2
44% 45%
1,525 42 Mar. 26 4S% Jan. 7
816103 Jan. 19 106% Feb. 1
*103 104%
U S ____
116%, Jan, 4
112 112%
707|H2 Feb.
41% Jan. 6
37% 37%
3,310 37 Apr.
‘
14% Jan. 4
10% 10%
2,068 9% Feb.
27% Feb. 3
_
*24% 25
1,250! 23 Apr.
52% Feb. 13
........ 46 Jan.
52
*49
88 Feb. 11
........ 83 Jan.
*83
85
50% Jan.
45% 45% 63,678 42% Apr.
25 Jan.
*19% 21
750, 19% Mar.
13
1,244 11% Apr. 1 15% Jan.
13
1 33% Jan.
28% 28% 11,760 26% Apr.
33% 33%
5,805 32% Mar. 19 40% Jan.
74% 74% 2,968 73% Apr. 2 80% Jan.
100 16% Mar. 29 21% Jan.
*16% 18
37% 37% 72,790
*4 %
4%
550
98% 98%
7,900
88 % 88 %
900
60% 61
6,567
137% 138% 12,002
1,090
24% 24%
6,483
61% 61%
1,208
43
43%
2,550
147%148
84
109 109% 36,373
*62%
100
99% 99%
333
79% 80
.64,038
123% 123%
4,461
120 120% 20,421
,143% 143%
85
86% 87% 25,701
47% 48%
7,870
112 116
70% 71% 12,138
98% 98%
30
31% 31%
6,107
144%148
57,618
158% 159% 50,990
*18
18%
100
52% 53
4,230
6
6
1,180
*40
50
100
15
16
555
125% 125%
945
'136 140
500
'104% 105
893
11
11
810
*43
47
25% 25% . 1,700
76% 76%
2,325
132 132% 21,735
102% 102%
150
74% 75
49,040
25% 25%
4,470
121 124
17,619
110 n o
320
*94
'130 140
10
10
800
*21% 23
100
*16% 17%
700
28% 28%
1,708
59% 60% 27,795
*37% 38%
460
*86
88
115 115
8,865
19% 19%
30
*73
76
*38
41
30% 31% 78,600
73% 73%
3,740
39% 40% 210,548
'230 240
19% 19% 7,117
12% 12%
1,094
59
59
451
*14
14%
400
*49% 49%
630
22
22
2,360
60% 61% 82,016
38% 38% 40% 29,170 32% Jan.
75%: 6,367 63% Jan.
74% 75
94% 93% 94% 52,093 78% Jan.
97% 98 1 4,025 90 Jan.
98
77% 30,040 71% Jan.
76% 76
31% 31% 32 i 4.400 30% Apr.
110% 110 1 1 0 % 2,902 102 Jan.
46% 47 %! 14,200 44% Mar.
47
225 88% Jan.
99
99 !
98
100% 100% 102%! 32,970 92% Feb.
109 109%¡ 2,237 100 Jan.
109
33% 33% 34%' 6,290 30% Mar.
84% 84% 85% 4,139 81 Mar.
14% 5,970 13% Mar.
14% 14
24 Mar.
*23
27 1
27
680 35 Mar.
*35% 36%
36
!
56% 56% 57 * 92,000 52% Mar.
205 184 Jan.
194% 194%
195
85% 86% 86% >61,000 85% Mar.
45% 44% 45% 8,900 40% Jan.
100 92 Feb.
110 *102 n o 1
15,303 82 Jan.
88% 88% 89
I Low
I
| Lowest is ex dividend, x Ex dividend.
|
40% Apr.
75% Apr.
8
8
101% Mar. 23
99% Mar. 23
81% Feb. 12
39% Jan. 11
114% Feb. 6
67% Jan, 7
104 Feb. 5
102 % Apr. 8
114% Feb. 3
39 Jan. 4.
86% Feb. 11
18% Jan. 4
29% Jan. 4
40% Jan, 4
64% Jan. IS
195 Mar. 22
95% Jan. 4
50% Mar. 10
106 Mar. 15
89% Mar. 17
mm
590
THE
C H R O N IC L E ,
[VOL, LTV, f
N E W YO RK STOCK E X C H A N G E P R IC E S (Continued) — IN A C T IV E STO CK S.
Range (sales) in 1891.
April 8.
I n a c t iv e Sto c k s
Bid.
! Indicates unlisted.
Lowest.
Ask
165
Rensselaer & Saratoga..............100
St. Joseph & Grand Island....... 100
St. Louis Alton & T. H ..............100
Do
pref.............100
St. L. & San Fran. 1st pref....... 100
South Carolina..............
.100
Toledo Peoria & W estern!....... 100
Toledo St. Louis & K. C it y !___
Virginia Midland................... .100
M is c e lla n e o u s S t o c k s .
Adams Express...........................100
American Bank Note C o !..........
American Express.................... 100
Am. Telegraph A Cable............ 100
American Tobacco C o.,pref...100
Brunswick Company........ . ...1 0 0
Chic. June. Ry. & Stock Yards.100
Preferred..................................100
Citizens’ Gas of B rook ly n ...... 100
Columbus & Hocking Coal....... 100
Commercial Cable......................100
Consol. Coal of Maryland.........100
Laclede Gas........ ....................... 100
Do
pref.........................100
Lehigh & Wilkes. C o a l!.............
Maryland Coal...........................100
Minnesota Iron...........................100
National Lead Certs. ! ..............100
National Linseed Oil Co............ 100
National Starch Mfg. Co...........100
New Central Coal....................... 100
Ontario Silver Mining............... 100
Pennsylvania Coal.................... 50
P. Lorillard Co. pref................. 100
Postal Telegraph—C able!..............
Quicksilver Mining.................... 100
Preferred.................................100
Texas Pacific Land Trust......... 100
U. S. Express..............................100
Wells, Fargo Express................ 100
Feb.
Jan.
Jan.
Jan.
Jan,
8314 Mar.
50i8 Mar.
778 Jan.
1551s Mar.
8i« Jan.
20 Jan.
7% Jan.
167 Jan.
8
281« Apr.
87 Mar.
7 Jan.
12% Jan.
4% Mar.
96 Jan.
14 Jan.
Mar.
Feb.
24 Mar.
100 Apr.
1121« Apr.
5 Jan.
148 Apr.
I l l Feb.
26 Jan.
15% Jan.
154% Jan.
Range (sales) in 18S2
Bid. Ask.
! Indicates unlisted.
130
102
32
43%
14
21
April 8.
I n a c t iv e St o c k s .
Highest.
R a ilr o a d S tock s.
Alabama & V ickbu rg!___. ..100
Albany & Susquehanna............100 158 165 160 Feb.
97
Atlanta & Charlotte Air LIT___100 93
Belleville & South. 111. p r e f.... 100 138 150 125 Jan.
Boston & N. Y. Air Line pref___100
1011« Feb.
31 Jan.
34
Brooklyn E levated!___41..........100 32
351« Mar.
Buffalo Rochester & Pitts....... 100 Î 38%
Preferred................................. 100 80% 81% 7834 Feb.
50
Burl. Cedar Rapids & Nor.......100
36 Jan.
17
California P acific!..................... 100 13
5
8
Cedar Palls & Minnesota.......... 100
7 7g Jan.
153 154 150 Jan.
Cleveland & Pittsburg............. 50
Columbia & Greenville p f....... 100
6%
5% Mar.
8
Das Moines & Fort Dodge....... 100
18
Preferred..................................100 13
1914 Jan.
6
6 Mar.
Duluth S. Shore & Atlan.1T....... 100
61«
14 Feb.
P referred!............................... 100 13% 15
25 Jan.
Flint & Pere Marquette............100
8514 87 80 Mar.
Preferred................ . . . ......1 0 0
6%
71« 7 Jan.
Georgia P a cific!........................ 100
Green Bay Win. & St. Paul___100
IO 4 91« Feb.
I
313 Mar.
Houston & Texas Central........ 100
3is 5
90 Mar.
Illinois Central leased lines... . 100 J 90
10% Apr.
13
Kanawha & Michigan............... 100 10
Keokuk & Des Moines..............100
9 Mar.
Preferred..................................100
20% Feb.
Louisv. Evans. & St. Lo., cons.100
Preferred................................. 100
14% Jan.
Louisv. St. Louis & Texas........100 1 22
771« Feb.
Mahoning Coal.......................... 50 98 101
Preferred................................. 50 110 115 100 Feb.
Memphis & Charleston............. 25
3% Mar.
Mexican National......................100
1431s Jan.
Morris & Essex.......................... 50 U*8
N. Y. Lack. & Western..............100
10838 Jan.
161« Apr.
W. Y. & Northern pref............... 100 Î 16is
11 Mar.
13
Peoria & Eastern....................... 100* 11
Pitts. Ft. Wayne & Chicago___100 |154
1521« Feb.
Pittsburg & Western................. 50
(J Indicates actual sales.)
170
Lowest,
Highest.
175
164 Jan, 171% Mar.
9 Jan.
9% Jan,
42
35
32% Feb. 38 Mar.
143 150 128 Mar. 132 Jan.
Î 79
76% Jan. 79 Mar. ■
2%
* 2
1 Mar.
4% Jan.
Î 21%
17% Jan. 22 Mar.
t 21%
8% Jan. 26 Feb.
38% Feb. 38% Feb.
145 148
47
45
117 120
Î 82%
99
143% Apr.
43 Feb.
116 Feb.
80 Jan.
96 Jan.
9% Mar.
I 72
72 Apr.
80% Jan.
104 104% 94% Jan.
15 Jan.
1157
148 Jan.
29
26 Feb.
27
21
17% Apr.
20
57% Mar.
Î 58
25
20
20 Feb.
26
24
23% Feb.
80
76 Jan.
1938
18 78 Jan.
31
27 Jan.
*40" 42% 35 Feb.
11
10% Jan,
9
37% Apr.
Î 37% 39
275 Feb.
275
114 Feb.
62
37 Jan.
60
3% Mar.
3% 4%
21
16 Mar.
17
14 Feb.
45
47
44 Apr.
143 146 140 Jan.
150 Jan.
45% Mar.
118% Feb.
82% Jan.
99% Feb.
14% Feb.
79% Jan
83 Feb.
105 Apr.
18% Jan.
157 Apr.
28% Mar.
24% Jan.
64 Jan.
25 Feb.
27 Mar.
82 Jan.
21 Jan.
32 Feb.
46% Feb.
11% Feb.
45% Jan.
275 Feb.
118 Jan.
54 Mar.
4 Jan.
22% Jan.
15% Mar,
54 Jan.
146% Mar.
No price Friday; latest price this week
N EW
SECURITIES.
YO RK
STOCK
E XC H A N G E
SECURITIES.
Bid. Ask.
Alabama—Class A, 4 to 5 ....... 1906
Class B, 5s............................. 1906
Class C, 4s..............................1906
Currency funding 4s............1920
Arkansas—6s, fund.Hol. 1899-1900
5
do. Non-Holford 150
7s. Arkansas Central R R ............
Louisiana—7», cons................. 1914 100
Stamped 4s.................................... 83% 88
Missouri—Fund.............1894-1895
Bank o f N ew Y o r k ...
M anhattan Co.............
M erchants’ ..................
M echanics’............. .
A m erica...................
P h e n ix .........................
C ity .............................. .
Tradesm en’s ....... .......
Chem ical..................... .
Merchants’ E xchange
Gallatin N ational.......
B utchers’ & D rovers'
M echanics’ < Traders
&
G reenw ich...............
Leatnei M anufact’rs.
Seventh N a tion al..
S tate of N ew Y o r k ....
Am erican E xchange.
C om m erce....................
B roadw ay................... .
M erca n tile............ ......
P a cific..........................
R ep u b lic.......................
Chatham......................
Peoples’ ........................
N orth A m erica...........
H a n over........ ..............
Irv in g ...........................
Citizens’ . . . . . ......... .
N a ssa u .........................
M arket & F u lton .......
St. N icholas.................
Shoe & Leather..........
C om E xch an ge_ ■__
_,
_
C o n tin e n ta l.._______
Oriental........................
Im porters’ & Traders
P ark.................. ..........
B ast R iv er.................
F ou rth N ational........
Central N a tion a l......
Second N ational........
■ N inth N ational...........
F irst N ational............
T hird National..........
N . Y . N at’l Exchange
B o w e r y .......................
N ew Y ork C o u n ty ...
G erm an-A m erican...
' Chase N ational.........
F ifth A v en u e............
German E x ch a n g e ...
Germania____. . . . . . . .
U nited States............
L in co ln .......................
G arfield.......................
F ifth N ational..........
B ank of the M etrop..
W est S id e ....... ____
■S eab oa rd ....................
Sixth N ational..........
W estern N ational___
First N ational,B ’klyn
Southern National
Capital. Surplus.
9
2 , 000,0
2.050.0
2,000,0
2 , 000,0
3.000.
1.000.
1,000,0
750.0
300.0
600.0
1 ,000,0
300.0
400.0
200.0
600,0
300.0
1.200.0
5, 000,0
5, 000,0
1,000,0
1,000,0
422,7
1.500.0
450.0
200.0
700.0
1,000,0
500.0
600.0
600,0
760.0
500.0
500.0
1, 000,0
1, 000,0
300.0
1.500.0
2 , 000,0
250.0
3.200.0
2 , 000,0
300.0
750.0
500.0
1, 000,0
300.0
250.0
200.0
750.0
500.0
100.0
200,0
200,0
500.0
300.0
200.0
150.0
300.0
200.0
500.0
200.0
2 .100.0
800,0
1,000,0
1.833.0
1.647.4
876.2
1.948.6
2.101.7
0
0
461.7
2.536.9
184.1
6.723.7
139.3
1.561.5
303.2
421.2
157.0
548,9
68,3
506.4
2.213.3
3,437,2
1.643.5
1.035.0
438.5
950.1
833.5
318.7
684.7
1.722.9
315.3
440.1
264.1
781.0
119.8
246.5
1.229.4
277.6
414.0
6.416.8
2,913,7
133.8
1.747.6
520.2
434.5
180.9
7 066,6
57,5
153.8
501.0
570.6
283.5
1.033.5
890.1
669.2
615.7
654.8
400,0
406.2
314.8
685.6
267.4
189.2
344.8
170.6
785.9
122.8
Loans.
9
12,800,0
11,166,0
7.988.0
9.916.0
17.482.9
5.778.0
15.351.3
2,965,4
24.331.9
4.130.3
6.038.8
1 .8 5 4 .0
2.420.0
1.176.6
8.468.6
1,576,2
3.431.4
19.082.0
20.760.3
6.725.4
9.508.6
2.892.1
14.056.7
6.648.9
2.234.1
5.582.4
18.127.0
3.178.0
3.009.1
3.004.9
4 , 220,8
2.170.5
8.148.0
8.485.0
6.717.9
2.170.0
28 .281.0
28,099,2
1.160.0
23.233.8
8.814.0
4.964.0
2,785,4
29.272.9
4.931.1
1.575.2
2.926.0
2.904.3
2.984.1
14,740,5
6.256.4
2.912.9
2.922.3
6.786.6
4,990.8
3.680.5
1.876.3
4 713,6
2.311.0
4.789.0
1.610.0
12,471,8.
4 ,1 4 6 ,0
1 .9 8 6 .5
Specie.
Legali. Deposits.
$
2.830.0
4.440.0
1.591.1
1,680,0
2.739.6
706.0
3.969.7
606.3
6,840,6
646.5
973.5
267.8
250.0
163.7
540.9
358.7
378.8
2.078.0
3.106.9
1 .221.0
2. 010.8
253.0
1,820,8
1.045.0
311.7
1.003.0
5.513.9
511.7
637.0
177.6
768.4
161,2
442.0
2.184.8
1*499,4
137.4
6.039.0
7 391,3
113.4
5.427.1
2 620,0
1 185,0
933,2
6.091,3
749.8
183.6
609.0
8 10, 0 ;
393.0
3.734.2
1 131,7
169.1
394.0
1 945,4
1 675,9
1 124,0
355.8
1.054.9
367.0
627.0
230.0
1.820.9
927.0
221.1
1.480.0
943.0
692.4
682.0
1.514.3
710.0
1.348.0
280,2
2.673.0
895.6
692.3
269.3
245.0
133.6
287.3
75,4
482.2
2.361.0
2.429.3
149.2
905.9
587.6
3.107.8
916.3
319.9
444.0
1.169.9
266.3
227.6
403.3
380.2
420.1
452.0
206.0
188,1
415.9
2.743.0
2 104,9
121.5
1.331.0
1.026.0
276.0
284.2
2 005.8
778.0
286.9
150.0
261.3
217.6
1 961,1
299.9
698.8
322.2
168.6
339.9
307.4
192.2
690.3
197.0
714.0
140.0
1.558.4
335.0
181.4
9 I ~~ 9
15.450.0
13.860.0
8.224.8
8.903.0
17.807.4
6.756.0
17.608.5
3.231.5
26,673,4
5.089.1
5.584.2
1.946.3
2.350.0
1.144.3
3.096.5
1.662.4
2.840.0
16.769.0
17.007.1
5.035.2
10.527.0
3.297.4
16,881,8
7.230.9
3.017.9
5.992.6
21.259.3
8.171.0
8.276.1
3.163.9
4.358.8
2.308.6
3.757.0
8.629.6
6.651.6
2.116.0
30.945.0
33.418.0
961,1
25.140.3
11.090.0
6 831,0
3 781,0
SO, 51,2
6,360,1
1.608.3
3,001,0
3.487.5
2.764.5
18.650.4
5 634,9
3 441,0
3.296.0
7.980.9
6 282,3
4 615,5
1.987.6
5.753.7
2.405.0
5.330.0
1.378.0
12.585.6
4.355.0
1.564.3
T toai....................... 60,372,7'66,704,4)489,725,111018945)48,235,3 528,447.4
Bid.
New York—6s, loan................ 1893
North Carolina—6s, old...........J&J
Funding act......................... 1900
New bonds, J. & J . . . . 1892-1898
Chatham RR..................................
Special tax, Class 1......................
Consolidated 4 s................... 1910
6s............................................ 1919
Rhode Island—6s, cou.. 1893-1894
South Carolina—6s, non-fund.1888
New Y ork City Bank Statem ent for the week ending April
2,1892, is as follows. W e om it tw o ciphers (00) in all cases.
BASKS.
(00* omitted.)
P R IC E S.- -S T A T E
BO N D S
Ask.
SECURITIES.
Bid.
S.C. (cont.)—Brownconsol.6s.1893
35
10
15
1%
8.
A P R IL
92%
62
72
100
5 s ....................... .'...................1913
3 s ............................................1913
Virginia—6s. old...............................
2
6s, consolidated, 2d series, rects.
6s, deferred, t’st ree’ts, stamped
Ask.
70
7%
8%
New York City, B oston and F h ila d elp liia B a n k s :
Capital &
Surplus. Loans. Specie. Legale. Deposits.1 Oirc.’Vn Clearingt.
B an ks .
N . Y o r k .*
Mar. 5 ... .
“
12 . . . .
W 1 9 ....
«
2 6 ....
A pril 2 ...
B oat o n . *
Mar. 1 9 ....
“
2 6 ....
A pril 2 . . . .
U b ila .*
Mar. 1 9 ....
?
2 6 ....
A pril 2 ___
9
$
50.207,1
48.734.8
50,035,5
49.318.9
48,235,3
64.642.9 160.361.7 10.342.1 5.632.2
64.642.9 159.445.7 10,329,9 5.605.2
64.642.9 161,050,5 10.305.2 4,941,6
$
125,380,6
126.926.9
126.926.9
127.077.1
127.077.1
$
488.675.3
492.934.0
494.659.7
490.435.3
489.725.1
1044798
1004558
99,741,2
1012187
1018945
9
$
$
533,578,7 5.598.0 770.624.2
531.976.6 6.571.1 770,622,0
534.308.0 5.564.4 715.492.2
530.120.7 5,600,3 646.042.5
528.447.4 5.569.0 706.037.5
89.269.2
84.503.2
95,766,0
144.792.0 4.267.5
143.717.5 4.243.6
147,924,9 4.267.0
109.973.0 3,374,0
109,6u3,0 3,377,0
108.270.013.369.0
72,263,3
36.265.0
73.453,0
36.319.0
68,584,9
34.404.0
* We omit two ciphers in all these figures, t Inclu din g, fo r B oston and P illa
35.793.7 99.945.0
35.793.7 99.812.0
35.793.7 100,056,0
ielDhia. the item “ due to other banks.”
M iscellaneous and U nlisted Bonds.— Stock E x. prices.
M i s c e l la n e o u s B o n d s .
Amer, W ater W orks—1st, 6s.
1st cons. 5s, g .......................
Cahaba Coal M n .—1st g. 7s._
Ch. Jun. & S.Yds.—Col.t.g.,5s
Colorado Fuel—Gen. 6s .........
Col. & H o ck . Coal & I.—6s, g.
Consol’n Coal—C onvert. 6s ..
Cons. G as Co.. Chic.—1 st gu. 5s
D env.C .W at.W ks.—Gen.g.5s
D et.U n.Dep.& Stn.—l s t g , 4s.
Edison Elec. 111. Co.—1st 5s.
E quitable G. & F .—1st 6s___
Henderson B ridge—1st g. 6s.
H oboken Land < Im p.—g.5s.
fe
M utual U nion Teleg.—6s g ..
R ational Starch M fg.—
1st, 6s.
n orth w estern T elegraph—7s
.....
108 b.
•
97 b.
*107 a.
85 ^ b .
....
100 b.
97 %b.
I 06 b.
*110 b.
1027(,b.
M i s c e l la n e o u s B o n d s .
P eop le’ s Gas & C . ) 1st g. 6s.
Co., C hicago___ i 2d g. 6 s.
Peoria W ater Co.— 6s, g . .......
Pleas. V a lle y Coal—1st g. 6s.
Pro« ter & Gam ble—1st,g.,es.
W estern U nion T eleg’h—7s .
W heel. L.E .& P. C o a l-lst.g . 5s
U n lis t e d B o n d s .
Ala. & V ick s.—Consol. 5s, g ..
103 h.
luO h.
-100 b.
97 %b.
115 b.
85 a.
J 92 b.
99 b.
Atlanta & Chari.—1st 7s........ 117 b.
17 b.
Comstock Tunnel—In c. 4 s ...
99 b.
Georgia Pacific—1st 6s ..........
55 b.
Consol. 5 g .............................
12 %b.
Incom e 6s ..............— ...........
T.itt.le R .
M.—i st, 5 g .........
72 b Mem. & Charleston—Con.7 g. 112 b.
Note.—“ o” indicates orice bid", '‘a’’ orice askkd.
Bank Stock List— Latest prices of bank stocks this week,
BANKS.
B id. A sk.
Am. E x c h ... 154
305
B ro a d w a y... 270
Butchs’ds Dr.
131
312
425
C ity................
Citizens’ . . . . .
Columbia___ 250
_
F ifth_
320
R id. Ask.«
400
122
German E x . 335
H ud. R iv e r ..
160
880
345
BANKS.
B id. A tk .
N .Y . County. 605
N .Y .N a t.E x .
\08
M erca n tile... 220
120
M etropolitan
First N ., S. I.
......... Mt. M orris .. 280
M u rray H ill. 3C0
14th S treet.. Ï 7 0 "
F ou rth ........... 195 ......... IN assau..........
250
239
112
19th W a r d ..
N. A m erica.. 167
310
290
400
M anhattan... 181
M arket& Fui
M ech a n ics’ .. 187
C ontin ental.
Corn E x c h ... 250
Deposit — .
l l t h W ard ... 200
BANKS.
P rod u ce E x . 123
230
S e a b o a rd . . . . 174
220
113
Shoe& Leath.
St. N icholas. 120
State o f N .Y . 112
10t %
11%
107
(Jniid States
300
325
130
130
180
m
154
.........
W est S id e ..
225
J.23**
THE
APßiL 9,1890.]
C H R O N IC L E .
591
BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
Active Stocks.
Ï Indicates unlisted
I3F* Share P rices — n o t Per C en tn m P rices.
I.
Saturday,
April 2.
Monday,
April 4.
Atch. T. & S. Fe (Boston). 100 3 4 78 35^4
Atlantic & Pac.
“
100
*4% .....
Baltimore & Ohio (Balt.). 100 *98 100
1st preferred
4
4
100
2d preferred
«
100 '120 122
Boston &Albany (Boston) . 100 203 203
Boston & Lowell
4
4
100 174 174
Boston & Maine
4
4
100 169 169%
17
Central o f Mass.
4
4
100 *16
Preferred
4
?
100 *33% 34%
OMo.Bur. & Quin.
“
100 107 107%
Chic. Mil. & St. P. (Phil.). 100 75% 76
Chic. &W. Mich. (Boston). 100 *52% 54
Cleve. & Canton
4
4
100
*5%
Preferred....
4
4
100 *19
87
Fitchburg pref.
4
4
100 87
28%
FI. & Pere Marq,
4
4
100
85%
Preferred
“
100 *85
Hunt. & Br. Top. (Phila ) . 50 *33% 33%
Preferred
4
4
50 *53
53%
Lehigh Valley
4
4
50 56% 56%
Maine Central (Boston).100 114
Mexican Central
4
4
100 18% 18%
N. Y. & N. Eng.
“
100 40% 42
97
Preferred___
4
4
100 97
Northern Central (Balt.). 50 *69 ........
Northern Pacific (Phila.). 100 21% 22
Preferred
4
4
100 60% 61%
Old Colony.. . . (Boston). 100 173 173
Pennsylvania.. (Phila.). 50 54% 55
Philadel. & Erie.
4
4
50 *39% 39%
Phila. & Beading
“
50 26% 279ie
Summit Branch (Boston). 50
Union Paciflo
“
100 42% 43%
United Cos. of N. J. (Phila.) 100 *225 .
*8 %
WestornN. Y .& PafP M a.;. 100
m tls c e lla n e o u s S to c k s
Am. Sug’rKefln. If (Boston) . . .
Preferred........
4
4
___
Bell Telephone..
*■
*
100
Bost. & Montana
4
4
25
Butte & Boston..
4
4
25
Calumet & Hecla
4
4
25
Canton Co.......... (Balt.).100
Consolidated Gas
“
100
Erie Telephone (Boston) .100
Lamson Store Ser. 4
4
50
Lehi’h Coal&Nav. 'Phil.) 50
N.Eng. Telephone (Bost’n)lOO
North American. (Phil.)'. 100
Ihomson-H’n El. .(Bost'n) 25
Preferred.......... 4
4
25
West End Land..
4
4
....
* Bid and asked prices;
Inactive Stocks.
91% 92%
95% 96%
193% 194
*42% 42%
15% 15%
265 265
*........ 71
53
53
45
45
15% 15%
53% 53%
*5 1 % ........
14
14
*58% 59
28% 28%
19
19
no sale was
Bid.
Tuesday,
April 5.
35% 36%
4%
4%
*97% 100
Sales
of the
Week,
Shares.
36% 37% 36% 38%
4%
4%
4 3 ie
4 ^16
*98 100
*98% 100
*97% 101
........ 138
1
120
203
174
168%
*16
*33
107%
76%
54
*5%
*19
86%
*26%
*85
33%
120
203
174
169%
17
34
108%
77%
55
86%
28
85%
33%
54
”56% 57
1 8 % ' 18%
40% 42
97
97%
*69 ........
203%
173%
168%
*16
*33
107%
77%
54
Wednesday
April 6.
203%
174
168%
17
34
108%
78
55
204
174
168%
17
33
108%
79%
55
5%
19
87
28
87
33%
5338
58
*18% ...
37% 42%
96
97
18% 19
36% 40%
94
97%
69%
22
22 %
62
62%
173 173%
55% 56%
39% 39%
27316 283ie
204
174
168%
*16
33
108
78
53%
5%
19% 19% 19
86 % 87
87
27%
85% 85% 85%
33%
53% 53%
57% 57% 57%
22
22%
21% 22 %
61% 62% 61% 62%
173 173% 173% 173%
54% 55% 55% 55%
39% 40
39% 39%
27%2716ie 27% 27%
*5 ........
*5
42% 43% 43% 44% 44% 46%
225 225
225 225
8%
8%
8% " 8 %
8%
8%
92% 94% 92% 95% 93
97
97
97% 97% 97%
193%194
193% 194
194
42% 43
42% 42% 42%
*15% 16
*15
15% 15%
270 275
268 270
270
*66
76
*67
53
53
*52% 53
52%
46
46
46
46
46
*15% 16
15%
*15% 16
53% 53% 53% 53% 53%
53
*5 1 % ........ *52
*52
14% 14% 14% 14% 14%
58% 59
58% 58% »58%
28% 28% 28% 28% 2 8 %
19
19% 19% 19% 19
made.
Ask.
Thursday,
tApril 7.
Friday,
April 8.
Lowest.
94
97%
194
42%
15%
270
71
53
53
53%
46%
15%
53% 53% 54
53
14% "Í4% ” Í4%
58%
28%
19%
April 7—H
Inactive stocks.
Bid.
Thom.Europ.E.Weldlf (Boston) 100
Water Power.................
4 100
4
Westing. El. tr. reo.ft
4
4
50
10
93% 94% 12,776 78% Jan. 18 101% Mar. 24
97% 98
1,455 90% Jan. 18 100 Mar. 25
193% 199%
1,822 192 Mar. 29 210 Jan. 15
*42% 42%
1,685 31 Feb. 5 45% Mar. 23
15
15
350 13% Feb. 5 17% Jan. 5
*270 275
80 253 Feb. 5 281 Mar. 21
*66
67
60% Jan. 4 67% Mar. 30
53
53
454 43 Jan. 5 53% Mar. 30
*46
447 43% Jan. 2 47 Jan. 7
15% 16
182 14% Feb. 8 17 Jan. 4
1,698 48% Jan. 19 55% Feb. 15
53% 53%
*52
53
50% Feb. 2 53 Feb. 29
14% 14%
1,060 14 Mar. 24 18% Jan. 2
58% 59%
926 49% Jan. 19 62% Feb. 9
28% 28%
550 26% Jan. 20 29% Feb. 9
19% 19%
8,239 16% Jan. 29 20 Mar. 14
oliday in Bo ston.
Ask.
Bonds.
Penna. Consol. 5s, r ........1919, Var
Prices o f April 8.
Collat. Tr. 4% g ..........1913, J&D
3%
3
0 85
90
28% 28% Pa. & N. Y. Canal,7s... 1906, J&D
0 ........ 253
Consol.5s................. ..1939, A&O
Bonds—Boston.
^
A *
*A
0 27
82
At.Top.&8.F.100-yr.-4g.,1989, J&J § H i
Perkiomen, 1st ser., 5s. 1918, Q—J
Catawissa..................
0
8%
100-year income 5 g., 1989.Sept
59% 59% Pnila.&Erie gen. M. 5g.,1920, A&O
1st preferred........
0 61
Burl. & Mo. River Exempt 6s, J&J 116%
Gen. mort., 4 g .........1920, A&O
2d preferred........
9 ........ 61%
Non-exempt 6s............1918, J&J
Phila & Read, new 4 g., 1958, J&J
0 56% 60
Plain 4s........ ................1910, J&J
1st pref. income, 5 g, 1958, Feb 1
Chari. Col. & Augusta
0 10
Chic. B u rl.* Nor. 1st5,1926, A&O i'03% 103%
2d pref. income, 5 g, 1958, Feb. 1
Connecticut & Pass. (
0 119%
2d mort. 6s................. 1918, J&D 103 103%
3d pref. income, 5 g, 1958, Feb. 1
Connecticut R iver...
0 230 235
Debenture 6s..............1896, J&D 101% 103
2d, 7s...........................1893, A&O
0 ........
Delaware & Bound Br.
Consol, mort. 7s........ 1911, J&D
Chic. Burl.& Quincy 4 s..1922,F&A 91%
Har.Ports.Mt.Joy&L.
0 80
Iowa Division 4s.......1919, A&O
Consol, mort. 6 g ........ 1911, J&D
92
Kan. C’y Ft. S. & Mem. (
0 ........ 45
Chic.&W.Mich. gen. 5s, 1921, J&D 98%
ImprovementM. 6 g., 1897, A&O
Preferred................
0 ........ 115
Consol, of Vermont, 5s. 1913, J&J 95
Con.M.,5 g.,stamped,1922,M&N
K. City Mem. & Birm.
o- 13
Phil. Wilm. & Balt., 4 s .1917, A&O
Current River, 1st, 5s..1927, A&O
0 67% 68% Det. Lans. & Nor’n M. 7s. 1907, J * J
108% Pitts. C. & St. L., 7s. ...1900, F&A
Biuuuuosior œ M f f ..
0 ........
E astern 1st mort. 6 g., 1906, M&S
123% Po’keepsie Bridge, 6 g .1936, F&A
Maryland Central.. . .
0 ........
I ree.Elk. &M. V.,lst, 6s.l933, A&O 122
Schuyl.R.E.Side,lst5 g.1935, J&D
Mine Hill & s. Haven
70
0 69
Steub en. &Ind. , 1st m., 5s. 1914, J &J
Unstamped 1st, 6s___1933, A&O 120%
Nesquehoning Val.. . .
0
53% K.C.C.&Spring., 1st, 5g.,1925, A&O
United N. J., 6 g ........ 1894, A&O
0 ........
K. C. F. S. & M. con. 6s, 1928, M&N 107 107% Warren & Frank.,1st,7s,1896,F&A
0 84%
K.C. Mem. & Bir.,1st,5s,1927, M&S
61
B on ds.-^ B a ltim ore. ______
0 27 ”27% K.
C. St. Jo. & C. B., 7 s ..1907, J&J
A tlanta* Chari., 1st 7s, 1907, JfcJ
9 ........
Income 6s.................. 1900, A&O
L. Rock & Ft. 8., 1st, 7s.. 1905, J * J
9 48
Baltimore & Ohio 4g., 1935, A&O
109
Louis.,Ev.&St.L.,1st,6g.l926,A&O
Raleigh & Gaston.
9 ........
Pitts. & Conn., 5 g ...l9 2 5 , F&A
2m., 2—6 g .................1936, A&O
Rutland.................
9 ........
Staten Island, 2d, 5 g.1926, J&J
Mar. H. & Ont., 6s.......1925, A&O 100% 102
Preferred............
9 67
Bal.&Ohio S.W.,lst,4%g.l990, J&J
Exten. 6s....................1923, J&D 100
Seaboard & Roano]
9 ........
Mexican Central, 4 g .. .1911, J&J 69
CapeF.&Yad.,Ser. A .,6 g.l9 16, J&D
70
1st preferred___
9 ........
Series B., 6 g ............... 1916, J&D
35%
1st consol.incomes, 3 g, non-cum. 35
West End...............
9 74
74%
Series C., 6 g ............... 1916, J&D
2d consol, incomes, 3s, non-cum.
18%
Preferred............
9 86% 86% N. Y. & N.Eng,, 1st, 7s, 1905, J&J 11» 120
Cent. Ohio, 4% g ............1930, M&S
) 59
Chari. Col.&Aug. 1st 7s.1895, J&J
1st mort. 6s................ 1905, J&J 111
West Jersey & Atlan.
‘
18%
Ga. Car. & Nor. 1st 5 g .. 1929, J&J
2d mort. 6s.................1902, FAA 104%
Western Maryland..
(B
) ........ 18%
2d mort., scaled, 5 s ...1902, F&A
North. Cent. 6s............1 9 0 0 , J&J
Wilm. Col. & Augusta
4
110
6s.................................. 1904, J&J
Ogden. & L. C., Con.6s.l920,AAO§
Wilmingt’n & Weldon
4
116 120
Series A, 5 s ................. 1926, J&J
Inc. 6s.................................«19 2 0
Wisconsin Central... (Bos
17
4 % s..............................1925, A&O
P r e fe r r e d ...........
*
>
........
Oxf.&Clark.,int.gu.,6 g.l937,M&N
2d, 5s..........................1898,F&A >100
Worc’st.Nash.&Roch.
4
1
........
Piedm.& Cum.,1st, 5 g.1911, F&A
.. Bonds.—Philadelphia__
MISCELLANEOUS.
Pitts. & Conneils. 1st7s. 1898, J&J
110
Allouez Mining........ (Bosi
1
Virginia Mid.; 1st 6s. ..1906, M&S
lija
Atlantio M in in g......
“
12 %
112
2d Series, 6s.................1911 MAS
12
3d Series, 6s............... 1916, M&S
116%
4th Series, 3-4-5s.......1921, M&S
27% 28
Boston Land.
“
6%
5th Series, 5s..............1926, M&S
118
Centennial M ining...
4
4
West Va. C. & P. 1st, 6 g.1911, J&J
9% 10%
Fort Wayne Electric^
4
4
12% 13
West’E N.C. Consol. 6 g.1914, J&J
.
127
Franklin Mining.......
4
4
15
15%
Wilm. Col. & Aug., 6s.. 1910, J&D
109
Frenchm’n’sBayL’nd
4
4
6
MISCELLANEOUS.
5%
120
Huron Mining............
4
4
Baltimore—City Hall 6s. 1900, Q—J
101
Illinois Steel ft............
4
4
........ ]
Funding6s................. 1900, Q—J
109
Kearsarge M ining....
4
4
13% 14
2d 6s, gold..................1897, J&D i 111 i i i %
West Maryl’d RR. 6 s ..1902, J&J
Met. Trac. Co........ . (Phila.)....... 113
General mort. 4%s, g.l924,Q —Fi 101% 101%
Water 5s................... 1916, M&N
Morris Canal guar. 4. (PAi(a.).lOO
........ .iehigh Valley, 1st 6 s...1898, J&D 113%
Funding 5 s................1916, M&N
Preferred guar. 104 10 O 200
4
2d 7s............................1910, M&S 133 135
Exchange 3%s............ 1930, J&J
Osceola Mining.........(Boston). 25
31% 32%
Consol. 6 . . . .................1923, J&D 129%
Virginia (State) 3s, new. 1932, J&J
Pullman Palace Car..
" ----- 194% ........ 1forth Penn. 1st, 7s. ...1896, M&N 113 115
100
Chesapeake Gas, 6s.......1900, J&D
Quincy Mining........
25
Gen. M. 7s...................1903, J&J 129
Consol. Gas, 6s............... 1910, J&D
Tamarack M ining....
25 165 170
I
130
5 s .................................. 1939, J&J
Thomson Ele. Weld’g.
100
.1905, Var 122 123 Equitable Gas, 6 s ..___ 1918, A&O
Consol. 6s, c
S Unlisted, § And accrued interest«
1 Last price this week
Highest.
37% 38
42,076 34% Apr. 2 46% Jan. 4
*4%
5
405
4 Mar. 9
5% Jan. 5
99
*98
. . . . . . 84 Jan. 6 100% Mar. 15
*133
130 Jan. 12 135 Feb. 15
*120 1 2 1
22 116 Jan. 18 120% Mar. 9
203 203
115 199 Jan. 8 209 Mar. 9
*173 175
135 173 Jan. 5 175% Feb. 4
1,202 159 Jan. 28 172% Mar. 21
168% 168%
*16
17
16 Jan. 4 18 Jan. 8
33
33
42 33 Jan. 2 38 J an. 9
109 109%
8,882 103% Feb. 24 110% Jan. 28
79% 80% 79% 80
12,210 75% Apr. 2 83% Jan. 7
*52
53
453 48 Feb. 25 55 Mar. 31
*5
100
5% Feb. 17
8 Feb. 12
*19
120 19 Feb. 20 23 Jan. 4
87
87
211 81% Jan. 19 88% Mar. 7
*26% 28
350 25 Feb. 29 28% Mar. 25
86% 86%
893 75% Feb. 13 87 Apr. 6
........ 33% *30
33%
100 25% Jan. 27 34% Mar. 3
53% 53%
53%
71 46% Jan. 21 54% Mar. 3
57% 57%
57% 58
1,370 50% Jan. 13 62% Feb. 11
*114
112 Mar. 14 Í17 Jan. 16
*18% 19%
853 18% Apr. 2 24% Jan. 4
39% 40% 37,290 36% Apr. 6 58% Mar. 3
96% 96%
1,180 94 Apr. 6 114% Jan. 9
'6 9
69%
68 Jan. 19 69% Mar. 16
21% 22% 21% §1%
3,357 21% Mar. 25 26% Jan. 5
6 L% 18,432 60% Mar. 26 72% Jan. 2
61% 62% 61
173 173
135 164% Jan. 5 173% Apr. 4
56% 56% 56% 56% 24,667 54% Mar. 9 57% Jan. 2
39% 39%
........ 40
520 32 Jan. 29 40% Mar. 3
27% 28% 27% 27% 175,172 19316 Jan. 19 34% Feb. 11
5 Mar. 29
7 Feb. 15
45% 45% 12,264 42% Apr. 4 50% Jan. 4
224 ........ *225
32 x223%Mar24 226% Feb. 27
8%
8%
1,120
8%
8%
8 Jan. 19 10% Feb. 18
12
Bid. Ask.
Ill
109
125
__ <
n
__lt
f
ios __1
114
111
99%
86%
74
66
55%
103
131%
104%
97
115
65
108
106
103%
107
112
87
74%
66%
56%
id s
116%
68
105%
115 115%
92% 100
99 100%
97
104
97%
96
96
105
98%
97
97
103 104
103% 104%
112 % 113%
117 120
109% 111
114
100
114%
112
110 % 111%
100
99 100
107% 109
117
120
126%
126%
101 %
72
108%
111
100
108
127%
102
72%
109%
113%
100 %
108%
THE
592
C H R O N IC L E ,
{V ol. U V .
N E W TO R E STOCK E X C H A N G E PR IC E S (Continued).— A C T IV E BO N D S A P R IL 8 , A N D F O R Y E A R 1 8 9 2 .
Otos’ ng hange (sales) in 1892.
Jlos’ng Range (sales) in 1892.
Ra
R a il r o a d a n d M is c e l . B o n d s . Interest Price
R a il r o a d a n d M is c e l . B on ds . IntePst
Period.'Apr. 8 Lowest. I Highest.
Highest.
Lowest.
Period. ¿ L
pr. 8
112 Feb. 116% Feb.
Mobile & Ohio—New, 6 g ..l9 2 7 J & I) 116
111% Jan.
.10%b. 10
Amer. Cotton Oil, deb., 8 g.1900 Q - F 1
61% Apr. 67% Jan.
General mortgage, 4s. ..1938 M & 8 62
84 Jan.
8
At.Top.«fcS.F.—100-yr.,4g.l989 J & J 83%
&
Nash. Ch. < St.L.—1st, 7s. 1913 J < J 128% 126% Jan. 129 Feb.
fc
66% Jan.
5
100-year income', 5 g .......1989 Sept. 59%
Con., 5 g ......................... 1928 A «fe O 102 %b. 103% Jan. 106 Feb
74 Jan.
72
7
Ktl. & Pac.—Guar, 4 g ___1937
N.Y. Central—Extend., 5s. 1893 M & N 103%b. 101% Jan. 105 Mar.
Apr. 14% Jan.
W.D. inc., 6s___.........1 9 1 0 J & J 10%b. 1
1st, coupon, 7 s . ......... 1903 J & J 126 b. 123% Jan. 127 Apr.
Jan. 118 Mar.
Brookl’n Elevat’ d 1st, 6, g.1924 A «fe O 14 b. 11
Deben., 5s, coup., 18 8 4 ..1904 M & S 108% 107% Mar. 110 Feb.
IC i Jan. 108 Mar.
Can. South.—1st guar., 5s 1908 J & J 08
N. Y. & Harlem—7s, reg. 1900 M <&N* 122%b. 120% Jan. 122% Feb.
Mar. 104% Feb.
2 d ,5s...................
1913 M & 8 .00% 1C
R. W. < Ogd.—Con., 5 s ..1922 4 & O 112 b. 112% Apr. 115 Feb.
&
Apr. 85 Feb.
72%
7
Cent. Ga.—S & W. 1st con.5s,’ 29
96%
&
95 Jan. 99 Feb.
L15%b. 11
Jan. 117% Mar. N. Y. Chic. & St. L.—4 g ...l9 3 7 A & O 114
Central of N. J.—Cons.,7s. 1899 Q—J*
J
112 Jan. 114 Feb.
N. Y. Elevated—7s..............1906 J
Jan. 123% Mar.
Consol., 7s....................... 1902 M& N :.23 b. 12
N. Y. Lack. & W.—1st, 6 s..1921 J & J 129 a. 125 Jan. 127% Mar.
112% Feb.
j & J .12% 1<
General mortgage, 5 g..l9 8 7
Construction, 5s..............1923 F & A 109 b. 110 Jan. 110 Jan.
111% Feb.
Leh.«fcW.B.,con.,7s, asyd.l900 Q—M .10% 1C
&
Jan. 101% Mar. N.Y.L.E.&W.—lst,con.,7g.l920 M < S 135 b. 134% Mar. 138% Feb.
do. m ortga gees........ 1912 M & N .10 b. <
Long Dock, 7s........ ....... 1893 J & D 105% 104% Jan. 105% Apr.
108 Feb.
1<
Am. Dock & Imp., 5s— 1921 J & J .07
Consol., 6 g . . . ............... 1935 A & O 117%b. 117% Apr. 121 Feb.
111% Mar.
J & J 110%b. 1C
Central Pacific—G old,6s..1898
2d consol., 6 g ................. 1969 J & D 106%b. 106% Jan. 107% Mar.
119 Feb.
Ghes. & Ohio—Mort., 6 g ..l9 1 1 A & O ’ 116 a. i:
&
N. Y. Ont. & W —1st, 6 g ..l9 1 4 M < S 110%b. 110% Apr. 116 Jan.
106 Jan.
M & N 104% 1C
Consol. 1st, 5 g .............1939 J «fe D 104% 100 Jan. 105 Mar.
Jan. 78 Jan.
J & J 77%
7
& J 104%b. 103 Jan. 105% Mar.
79% Mar. N.Y.Sus.&W.—lstrfef., 5 g.1937
J & J 81 a. 7
do 2d ci
& O 115 %b. 16% Jan. 119 Mar.
Midland of N. J., 6 g ....l9 1 0
123% Mar.
J & J L23%b. 15
Chic. Burl. & Q.& J .
95 Jan.
95 Jan.
Norf. & W.—100-year, 5 g.1990
M & N L03%b. 1
Jan. 104 Apr.
1
& J 92%b. 91 Feb. 95 Jan.
Md.&Wash. D iv.-lst,5 g.1941
114 Jan.
M & S Lll% 1(
«fe J 118 b. : 15 Jan. I 18% Mar.
North.Pac.—1st, coup., 6g. 1921
91% Feb
F & A 91 %b.
& o* 1 l2%b. : 1238 Apr. 116% Mar.
General, 2d, coup., 6 g..l9 3 3
91% Feb.
M & N 90%b.
& D 110%
07% Jan. 110% Apr.
General, 3d, coup., 6 g ..l9 3 7
115% Mar.
J & D 115%b. 1
«fe D 79
76 Mar. 80% Jan.
Consol, mort., 5 g ............ 1989
A«fc O 119%b. 15
Jan. 122% Jan.
& O 77%
76% Apr. 82 Feb.
Chic. & N.P.—1st, 5 g . . .1940
M & N 102%
Jan. 102% Mar.
«fe S 96%b. 96 Apr. I 03 Feb.
North. Pac. &Mon.—6 g ... 1938
103% Apr.
M& N 103%
!
«fe J * 106 b. 05 Jan. : 08% Mar.
North. Pac. Ter. Co.—6 g .. 1933
Jan. 53% Feb.
Oct’b’r 51%
& J i 12 b. 11 Jan. : 12% Feb.
Ohio & Miss.—Cons. s.f.,7s. 1898
Jan. 91 Feb.
J & J 89%a.
Chic. Gas L. & C.—Ist,
& J 112 b. .10 Mar. : 12% Feb.
Consol., 7s....................*..1898
128% Mar.
>J «fe J 127 %b. 1‘
Chic. Mil. & St. P —Con.
< D : 10 b. 06 Jan. : 11 Mar.
&
115 Mar. Ohio Southern—1st, 6 g..,1921
J & J 115
1'
Ist, Southwest Div.,
& N 63%
62 Jan.
66% Mar.
General mort., 4 g ..........1921
117% Mar.
J < J 117 b. 1
fe
& J 62%
62% Apr. 62 % Apr.
Jan. 108% Mar. Omaha & St.Louis—4 g ..1937
108%a. 1
J & J
& d :.03%
01% J¿n. ■04% Fêb.
Oregon Imp. Co. -1st, 6 g
103% Apr.
} J & J 103% 1
& 0 66 b. 65% Jan. 71% Jan.
Jan. 106% Apr.
J & J 106
1
Wis. < Minn. Div., 5
fe
09% Jan. 111% Mar.
Jan. 106 Mar. Ore.R.&Nav Co.—Is t,6 g .l9 0 9 J & J LIO b. l
Lj & J 106%b. 1
<&D 92 a. 94 Jan.
96 Feb.
Consol.,5 g .......................1925
89% Apr.
i j & j 89%
& J 106%b. L05% Jan. 07% Feb.
Pa. Co.—4% g., coupon— 1921
114 Feb.
J & D 114
1
MiL&Nor.«fe J r109 a. L05% Mar. LIO Feb.
Peo. Dec.&Evansv.—6 g.,1920
140 Jan.
Feb.
5 Q -F 138%b. 1
Evansville Div., 6g— 1920 [ & S 100 b. 102 Mar. .08 Jan.
i Jan. 126% Apr.
2 J & D 126%b. 1
2d m ort.,5 g .................... 1926 [ & N 72%a. 69% Jan. 71% Mar.
Jan. 120 Mar.
3 A < O 115 b. 1
&
& J 86%
83% Jan. 90 Feb.
Phila. & Read.—Gen., 4 g.1958
! Apr. 109% Feb.
3 A & 0 107% 1
74%
69% Feb. 79 Feb.
1st pref. income, 5 g ...... 1958 Feb.
Apr. 107% Feb.
3 M& N 107 b. 1
Sinkini
66
53% Feb. 72 Feb.
2d pref. income, 5 g .......1958 Feb.
! Feb. 107 Mar.
9 M & N 106 b. 1
56
67 Feb.
37 Jan.
3d pref. income, 5 g .......1958 Feb.
6 F & A 98
96 Jan. 100% Jan.
84 Feb.
«fe J 82%
80% Jan.
Pittsburg < Western—4 g.1917
&
8 M & S 98%b. 96 Mar. 99% Feb.
& J L07
105% Mar. 112 Jan.
Rich & Danv.—Con., 6 g . 11915
Jan. 125% Mar.
4b.
7 J < J* 124 3 1
fe
Chic. B.I. & Pac.Consol., 5 g ....................... 1936 L & 0 77 b. 77 Apr. 85 Feb.
i Jan. 103 Feb.
102% 1
4J & J
O
& A 89%
89 Mar. L O Feb.
Rich. <feW.P.Ter.-Trust,6 g . 1897
1 M & S 96%b. 95 Jan. 98% Feb.
52 Apr. 72% Feb.
Con. 1st & col. trust, 5 g.!9 1 4 I & S 58%
Jan. 105% Feb.
2 4 & O 106 b. 1
«fe J 79%
79% Mar.
76% Jan.
Rio G. Western—1st, 4 g.,1939
0 J & D 122 b. 1
Feb. 122 Apr.
Chic. St. P. M. & O.L O Mar.
O
98
95
7 J & J 88 b. 88 Jan. 93% Mar. St. Jo. & Gr. Island—6 g ..l9 2 5 I<& N 107%b. 107% Jan. 10838 Jan.
& J
Apr.
St. L. Alt. < T. H.—1st, 7S.1894
fc
132% Apr.
4 J & D 132 b. 1
122% Mar. St. L. & IronMt.—Is t7 s ...l8 9 2 P & A 102 b. 101 Fëb. 10438 ja n .
4 J & J 122% 1
General consol., 6 g.
2d, 7 g ............................... 1897 d «fe N 109% 108 Jan. 109% Feb.
83 Feb.
80 Jan.
0 A & O 80%
C.C.C.&St.L.—Peo.&E
& D 107%b. 105 Jan. 109 Mar.
Cairo Ark. & Texas, 7 g..l8 9 7
3 April. 31%a. 30*2 Jan. 34% Feb.
Gen. R’y & land gr.,5 g..l9 3 1 4 & O 83 b. 83% Apr. 86% Mar.
.00% Mar. 103% Jan.
3 F & A* 100 %b. 1
Col. Coal & IronSt.L. «feSanFr.—6 g.,Cl.B.1906 á<& N 114 b. 112 Jan. 114% Mar.
OF & A 71 a. 70 Mar. 74 Jan.
Col. Midland—Ce
6 g., Class C.................... 1906 Æ«fe N 114 b. 112 Jan. 113% Feb.
i m & e 88%
87*2 Jan. 92% Feb.
Col.H.Val.&Tol& J* 108 %b. 106% Jan. 110 Jan.
General mort., 6 g .......... 1931
93 Jan. 97 Mar.
4 J < D 96%
fc
70% Feb. 72% Jan.
St. L. So. West.—1st, 4s, g .. 1989 Æ & N 71%
.16% Jan. 118% Apr.
0M
<& N 118%b. 1
Denver & Rio G.32% Mar. 37% Jan.
& J 33%
2d, 4s, g., in com e............ 1989
83 Apr.
77% Jan.
6 J & J 82%
I
P.M.&M.—Dak. Ex., 6 g.1910 V & N 118 b. 116% Jan. 119 Mar.
3 J & J *75 b. 70 Jan. 80 Feb.
r & J 120% 118% Jan. 121 Jan.
1st consol., 6 g ................1933
Apr. 42% Jan.
1 A & 0 37 %a.
97 Jan. 101 Apr.
do
reduced to 4% g ... r & J 101
Jan. 100% Mar.
7 A & 0 97%b.
Dul. & Iron Range—5s..
& D 88
87% Jan. 89% Mar.
Montana Extension, 4 g.1937
Mar. 97% Mar.
7 J & J *97 a.
Dul. So. Sh. <fe At!.—5 g ..
San A. &Aran. P.—1st,6 g .1916 r & J *65 a. 65% Feb. 66% Mar.
100 Feb.
Mar.
6 M & S 92
E. Tenn.V & G.—Con., 5 j
r & J 64 b. 61 Jan. 66 Mar.
1st, 6 g ..............................1926
Mar. 108 Jan.
5 J < J 100
fc
Knoxville < Ohio, 6 g.
&
90 Apr. 95% Feb.
Seattle L.S.&E.—1st, gu. 6.1931 F & A 92
2 M & S 84
81 Mar. 92 Jan.
Eliz. Lex. & Big San.—6 j
106 b. 107% Jân. 108% Mar.
So. Car.—1st, 6 g.,ex cou p.1920
98% Jan. 102 Jan.
1 J & D 101%
Ft. W. < Denv. City—6 g
fe
13 b 16 Feb. 22 Jan.
Income, 6s............
1931
g. M & Ï *97%b. 96% Jan. 98% Mar.
Gal.H.&San An.-W.Div.:
i J 105% 101 Feb. 105% Mar.
So. Pac., Ariz.—6 g .......1909-10
1 M < g 115%b. : 15 Apr. 118% Feb.
&
Han. < St. Jos.—Cons., 6
&
So. Pacific, Cal.—6 g ---- 1905-12 A & O 113 b 112% Jan. 116 Mar.
2 A & O' 100%a. 96% Jan. 102% Feb.
1 st, consol., gold, 5 g ---- 1938 A & .O *100 b 99% Mar. 102 Mar.
9 M & r *129 b. 18 Jan. 129 Mar.
Int. & Gt. No.So. Pacific, N. M.—6 g ........ 1911 J &.T* 104%b 101% Jan. 106 Apr.
9 M & g 75%a. 76 Jan. 82 Jan.
Tenn.C. I. <feRy.—Ten.D .,lst,6g A & C *91%b 89 Feb. 96 Mar.
8 J < I 9234a. 89*2 Jan. 96 Feb.
fc
95% Mar.
91 Jan.
Birm. Div., 6 g ................. 1917 J & J 95
Kentucky Central7 J & . 83%b. 81 Jan. 84% Mar.
S
77% Feb. 84 Jan.
Tex. & Pac.—1st, 5 g ..........2000 J « s D 83%
55 J & . 98%b. 97*2 Feb. 100 . Jan.
Kings Co. El.—1st,
_d, income, 5 g ................. 2000 March 31%a 27 Feb. 34% Mar.
9 Q—F 81%
80 Mar. 84% Jan.
Laclede Gas—1st, t
99% Mar. 104 Feb.
Tol. A. A. < N. M —6 g .......1924 M & 5 101
fe
7 J & J“ 110%b. 07% Jan. I l l Feb.
Lake Erie & West.110 Mar. 110 Mar.
J
iOJ & . *121 b. .20 Jan. 122 Mar. Tol. A. A. & Gr. Tr.—6 g __ 1921 J & J *110 b 102% Jan. 106 Feb.
L. Shore—Con. cp.,
S
124 Mar. Tol. & Ohio Cent.—5 g.......1935 J « s J 105%b . 77 Jan. 79% Mar.
1 J & r 12334b.
3
79%b
Tol. Peo. & West.—4 g .......1917 J &
115 Feb.
1 Q - J 113%
97% Feb.
Tol. St. L. & Kan. C.—6 g . . 1916 J & I 97% 1 91 Jan.
91 Jan. 94% Feb.
;8 J & r 94%
J & , 111 b .11038 Jan. il23s Feb.
Union Pacific—6 g ...............1899
115 Feb.
(8 A & Ci lll% b .
Louis. < Nash.&
Sinkingfund. 8s............... 1893 M & S 1063gb. 106 Mar. 110% Feb.
120 Apr.
¡0 J & . 119 b.
N.O. < Mob. 1
&
Collat. trust 4%............... 1918 M «fe I 71 b . 70% Jan. 74% Jan.
Jan. 110 Jan.
30 J & J 107%b.
do.
2
95% Jan. 100 Jan.
Gold 6s, col. trust notes. 1894 F & A 96%
116% Apr.
30 J & 1 116%
&
Kan. Pac.-Den. Div.-6 g.1899 M < h 110%b . 109 Feb. 111% Apr.
80% Jan.
to J & r 80%b. 78% Jan.
lstconsol.,6 g . . . . .........1919 M «fe b 112%b . 108% Jan. 113 Apr.
37 F & i1 98%b. 98 Feb. 101 Jan.
105 Feb. 108 Jan.
Oregon Short Line—6 g.,1922 F «fe A 106
111 Feb.
112 a.
.0 J &
Or.S.L.&Ut’hN.—Con.5 g.1919 A «fe C 74 b . 78 Apr. 83% Feb.
.6 A < (3 99 a. 99 Apr. 103 Feb.
&
. 74% Apr. 77% Jan.
U.P.Den.& Gulf con. 5 g.1939 J «fe I 74 b
Louis. St. L. &Texas.7 F «fe i1 91 a. 87% Jan. 96% Jan.
Apr.
Union Elevated—6 g ........ 1937 M «fe b 114 b . 110 Jan. 114% Feb.
38 J < r 117%b. 113% Jan. 118% Feb.
fc
85
. 78 Jan.
M
b'
105% Jan. 109% Mar. Virginia Mid.—Gen. m.,5s, 1936 M «fe b 79 b . 80 Mar. 87 Feb.
99 M & ]« 108 a.
«fe
79 b
do
stamped guar.
Ifich. Cent.92 M & ]í 124% 121% Jan. 124% Apr.
103% Jan. 106 Feb.
Wabash—1st, 5 g ................. 1939 M & b: 106
02 M & ;í *107 b. 106% Feb. 107 Jan.
79% Mar. 85 Jan.
l
2d mortgage, 5 g ............ 1939. F «fe A 8138
MiLLakeSh. <fcW
.—lsl
21 M<& J 125%b. 123 Jan. 127 Apr.
«
42 Feb. 50 Jan.
Debent. M., series B .......1939 J «fe r 44
Exten. & Imp., 5 g.
29 F & 1 102%b. 104% Mar. 108% Jan.
J «fe r 103% 101% Jan. 104 Feb.
West Shore—Guar.. 4s.......2361
If. K. & T.—1st 4s, g.
79% Jan. 81% Feb.
90 J & :0 81%
Mar.
West. N. Y. < Pa.—1st, 5 g.1937 J «fe r ioo%i ). 99 Jan. 101% Feb.
fe
46% Jan. 54% Jan.
90 F & 4 50%
31% Apr. 353e
3
2d mort., 3g., 5sc..............1927 A «fe C 31%
20 M & :*í 108
107 ' Jan. 108% Mar.
Mo. PacificJ «fe r 10 3 % 100% Jan. 104 Feb.
West. Un. Tel.—Col. tr.,5s
06 M & :S 115% 112% Jan. 116 Jan.
f
93% Jan.
).
J «fe J 92 1 90 Mar
38 F & 4 98 b. 97 Mar. 100 Jan.
.1 36 a.' 36 Mar 42% Jan.
38 J & J 106 b. 102% Jan. 106 Feb.
Note—“ b ” indicates price bid ; “ a ” price asked; the Range is made up from actual sales only.
* Latest price this week.
N E W YO R K STOCK E X C H A N G E PR IC E S— (Continued).— IN A C T IV E BONDS— A P R IL H.
SECURITIES.
Bid.
Ask.
SECURITIES.
B.&O—M on .R iv.,lstg.,g. 58.1919
Railroad Bonds.
Oent’lOhio Reor.—1st, 4% s.l930
(Stock Exchange Prices.)
Ak.«fe Ch.Junc.—Ist,g,5s,gu.l930
88 % Bost. H. Tun. & W.—Deb. 58.1913
Alabama Mid.—1st, g., 6 s __ 1928
Brooklyn Elevated—2d, 3-5S.1915
Atlantic < Danv.—1st g., 6s.. 1917
fe
Brunswick & W’n—1st, g. 4s, 1938
Atl. & Pac.—2d W. D., gu. 6s,. 1907
Bufi. Roch. & Pitts.—Gen.,5s.l937
Balt. & Ohio—1st, 6s, Park B.1919 115
Roch. & Pitts.—1st, 6s........ 19215a, gold...............................19 2 5 110 %
do
Consolidat’ d 1st, 6s.1922
Cons, mort., g oli. 5s............1988 112
Burl Ced. Rap. &No.—1 st, 5s.1906
JB. & O. S. W., 1st, g., 4% s...l990 103%
* Mo price Friday; these are the latest quotations made this ween
Bid. Ask.
SECURITIES.
Bid.
Ask.
101 ........ Burl. Ced. Rap.&No.—(Contin’ d)—
Consol. & collat. trust, 5 s ...1934 *93% 97
101
Minn. & St. L.—1st, 7s, gu ..l92 7
103 105
Iowa C. < West.—1st,7 s .... 1909
&
........
99%
Ced. Rap. I. F. < N., 1st, 6S.1929 "9 8 "
fc
90%
95
85
1st, 5s................................ 1921
95
C.Ohio— Gol. <&Cin.M.lst,4%s.l939
100 102
90
Cent. RR. & Bank.—Col. g.5s. 1937
118%
Chat.Rome&Col.—Gtd g.5s.l937
116 118
1025g 102% Oent. of N. J.—Conv. deb., 6s.1908 ....... ........
THE
A pril D, 1892.]
693
C H R O N IC L E
NEW YORK STOCK EXÜHA.N&E PRICES.— IN A C T IV E BONDS— fO onM nued)— A P R IL 8 .
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid.
Ask. r
L24
SECURITIES.
Bid.
Northern Pacific.—(Continued.)— *
Spokane < Pal.—1st, 6s.......1936
&
St.Paul «fe N. P.—Gen., 6 s..1923 118*2
Helena«feRedM’n—lst,g., 6s.1937
Duluth&Manitoba—lst,g.6sl936
Dul.«feMan Dak.Div.—Ist6s.l937 *
Coeur d’Alene—1st, 6s, gold.1916
Gen. 1st, g., 6s....................1938
Cent. Washington—1st,g.,6s,1938 *100
Norf. < Southern—1st, g., 5s. 1941 97%
fe
Norfolk < West.—General, 6S.1931 *122*4
fc
New River, 1st, 6 s ............... 1932 *115
111
Ask.
Flint <&P. Marq.—Mort., 6s.. .1920 121
101
Central Pacific—Gold fids, 6s, 1895 106
1st con. gold, 5s....................*93» 100*8 L02%
122%
Gold bonds, 6s.......... ...........1896 108
Port Huron—1st, 5 s ............1939
Gold bonds, 6s......................1897 109 110
Fla. Ceu <&Pen.—ls tg . 5s....1918
103
108
74
San Joaquin Br., 6s..............1900
Ft Worth «feR.G.—ls tg ., 5s..1928
100
100
Mort. gold 5s......................... 1939
Gal. Har. < San Ant.—1st, 6s. 1910
&
100
Land grant, 5s, g.................. 1900
Gal. H. < 8. A.—2d m ort., 7 s ..1905 *100 101
&
99%
West. Pacific—Bonds, 6s---- 1899 110
West. Div., 2d 6s.................. 1931
76%
No. Railway (Cal.)—1st, 6s.1907
Ga. So. < Fla.—1st, g. 6 s ...— 1927
fe
100
82%
50.year 5s...........................1938 100
Grand Rap. < Ind.—Gen. 5 s ..1924
&
LO
O
■Ches. & O.—Pur. M. fund, 6s.1898 l i l t *
Green B. W. & St. P.—1 st 6s - .19.11 *
35%
6s, gold, series A .................. 1908 115 117
2d income, aU subs, paid ------- 103% —
Craig Valley—1st, g., 5s— 1940
Housatonic—Cons, gold 5 s ...-1937
d ie s . O. & So. West—1st 6s, g.1911 10438 106
N. Haven< Derby, Cons.5s..l918
&
77
Equipment, 5s....................... 1908
........
2d, 6s......................................1911
Hous. <fcT. C.—Waco < N. 7S..1903 124*2 1*04% Clinch Val. 1st 5s.................1957 **9*3%
&
•Ob. V. -Gen.con.1 st.gu.g,5s.l938
1st g., 5s (int. gtd)-............ 193, 100 103
Scioto Val. «fe N. E.—1st, 4s,.1990 79% 80
Chicago & Alton—1st, 7s.......1893 103%
Cons. g. 6s (int. gtd)............ 1 9 1 2
fc
Sinking fund, 6s.................. 1903 120 117
62*4 Ohio < Miss—2d consol. 7 s ... 1911 112
Gen. g. 4s.(int. gtd)......... ...1921
Spring.Div.—1st 7s........... -1905 112
Louis. & Mo. River—1st, 7S.1900 116%
Debent. 6s, prin. < mt. gtd.1897 *87% 92
fe
115
2d, 7s.................. - ..............1900
Debent. 4s, prin. < int. gtd.1897
fe
*95 ........
........ Ohio River RR.—1st, 5s........
St. L. Jacks. & Chic.—1st,7S.1894 1041«
Illinois Central—1st, g., 4s ...1951 *104%
1st, guar. (564), 7 s ........1 8 9 4 101*2
93
95
1st, gold, 3*28....................... 1951
93
Miss.R. Bridge—1st, s. f., 6S.1912 104
Springf. Div.—Coup., 6s---- 1898 *108
. . . . . . 90
Chio. Burl. & N or—1st, 5 s . . . . 1926 1025g
*111
Middle Div.—Reg., 5s..........192* 112%
Pan. Sink.F’d Subsidy—6s, i
Debenture6s............... —
C. St. L. <fcN. O.—Ten. 1., 7s. 1897
* ___ 118
enn. RR.-P.C. &8.L.-lst,c. ,r
>
Ohio. Burling. & Q.—5s, s .f..l9 0 1 102*«
1st, consol., 7s....................1897 112% ........
138% 140
Iowa Div.—Sink, fund, 5s.. 1919 104*4
Pitts. Ft. W. < C —1st, 7s.
fe
2d, 6s...................................1907
92%
Sinking fund, 4s.................1919
Gold, 5s, coupon............... 1951 114% 115*2
129 130
94
Plain, 4s.................... ; » u ^ . sl g g l 102 102 «2
Memp, Div., 1st g. 4s.......1951 102%
122% ....«a
Ohio & Indiana Coal—1st 5s. 1936
< S.
&
109
Gen. 4%s, g.,
Chi. Mil. « c St. P.—1st,8s,P.D. 1898 118*2 11878 Dub. Falls C.—2d Div., 7 s .. .1894 88
S
99
Ced.
< Minn.—1st, 7s. .1907
&
112%
123
r* m
2d, 7 3-10s, P. D .................1898
Ind. D. < Spr.—1st 7s, ex. cp.1906 *119 120*4
fe
*100 .........
127
1st, 7s, | g., R .D . . . . . . .
122*2 123*2 Ind.D. «feW.—1st 5s, g. .tr.rec.. 1947
1st, LaCrosse Division, 7s. 1893
2d, 5s, gold, trust receipts.. 1948
124
100 103%
Gd.R.«feI.Ext.1st, I. « c M., 7s..................... 1§97
S
Inc. M. bonds, trust receipts —
114 .........
1st, I. « c D., 7s......................1899 124 125
S
Int.«feG. N’n—1 st,6s,g., cou.off. 1919 108*4 109
.........
126
1st, C. « c M., 7s......................1903
S
78*2
Kanawha < Mich.—Mort. 4s.1990 75
fe
Peoria < Pek. Union—1st, 6s .1921 111
fc
1st, I. <cD. Extension, 7 s .. .1908 128
S
Kan. C.Wyan.«feN.W.—1st, 5s.1938
104*2
2d mortg., 4 % s ....---- ■ —••*921
-•
1st, La C. & Dav., 5s........... 1919 126 127 KingsCo.-F.El.,lst,5,g.,gu. A.1929 85%
Pitts.C.C«feSt.L—Con.g.4*2sA1940
1st, H. « c D., 7s.................... 1910
S
ake
fc West.—2d g., 5s.1941 973g 98
Pitts. Cleve. < Tol.—1st, 6 s...1922
&
1st, H. <c D., 5s.................... 1910 102*2 104*2 ■ -. Sh.Erie <So.—C. P.«&A—7S.1892 101*4
S
< M.
&
Pitts. < L. Er.—2d g. 5s, “ A” . 1928
&
Chicago < Pacific Div., 6 s ..1910 118
&
113%
<
fe
Pitts. Me. K. < Y.—1st 6s......1932
&
Mineral Point Div. 5s.......... 1910 103 104*2 Buff. M. Er.—New bonds, 7s.1898 125
Det.
< T.—1st, 7s............ 1906
fe
Pitts. Painsv. < F.—1st, 5 s ... 1916
&
C. & L. Sup. Div., 5s............ 1921 103*2 117
115%
Lake Shore—Div. bonds, 7 s.1899
Pitts. Shen. < L. E.—Ist,g.,5s.l940
fe
Fargo < South., 6s, A ssu ...l9 2 4 115
fe
Mahon’g Coal R R .—
1st, 5s.1934 107
Pitt8.Y’gst’ n«feA.—1st, 5s,con.1927 106
Inc. conv. sink, fund, 5s---- 1916
Kal. All. < G. R.—1st gu. 5s. 1938 106
fe
< Ariz. Cent.—1st, 6s, g.1916
&
Dakota & Gt. South., 5s---- 1916 104*2
LehighV.,N.Y.—1st gu.g.4%s.l940 102% 103*4 Pres.income 6 s................... --.*916
2d
|Mil. < Nor. main line—6s.. .1910 114
fc
Lehigh V .T erm .-lst gu 5s,g. 1941 1075s 109% Rich. < Dan v.—Debenture 6s. 1927 90
93
106
fc
Ohio.<ScN.W.—30 year deb. 5s, 1921
96
Litchf. Car.& West.—1st 6s. g-1916
Equip. M. s. f., g., 5 s . .. . . ...1909
Escanaba < L. S. 1st, 6s---- 1901 107
fe
Long Island—1st, 7 s ............... 1898 * il7
*100
125
DesM. <c Minn.—1st, 7 s .... 1907
S
Atl. < Char.—1st, pref., 7s.. 1897
&
N. Y. «feR’w a y B —1st, g. 58.1927 *101
102
do.
Income, 6 s....1900
Iowa Midland—1st, 8s........ 1900
2d mortg., in c.................... *927 20*2 31%
Wash.O.«feW.-lst,4s,gu.cy.,1924
Peninsula—1st, co n v .,7 s ...1898 125
*100
N.Y.&Man.Beach.—1st, 7s, 1897
89%
89
Ohio. & Milwaukee—1st, 7s. 1898 115 118
100 Rich.<fcW.Pt.Term.—6s, ’97, tr. rec. 58% 59
N.Y.B.&M.B.—1st con. 5s.g.l935
Win. « c St. P.—2d, 7s...........1907
S
Col. trust5s, 1914, tr. r e c . . . . . . . .
Brookl’n&Montauk—lst,6s. 1911 " * ! . !
112
Rio Gr. Junct.,1st,guar.,g.,5s.l938
Mil. <cMad.—1st* 6s........ ,.1905
S
1st, 5 s ........................... .'-1911 ........
Ott. C. F. < St. P —1st, 5 s ..1909 104*2
fe
Rio Grande So.—1st, g., 5 s ...1940 **8*6% 41
8mithtown«fePt. J eff.—1st,7s 1901 *104
Northern 111.—1st, 5s..........1910 104*2
< Gr. Is.—2 d i n c
&
)
Louis.Evans.«fe St. L.—Con.5s.1939 ........ 82% St. Jos. C. < Omaha—1st, ......1925
85
98
ChPeo. <feSt,L.—Con.lst,g.5s.l939 97
Kan.
fe
5s.. 1927
7
Louis. <feNash.—Cecil. Br, 7s. 1907 103
105
OiR.I.«ScP.-D.M.«Sc F. D. Ist4s.l905 *75
fe
9 113 . . . . . . St. L. A. < T.H—2d pref. 7 s ..1894 104% 107%
E. H. < Nash.—1st 6s, g ---- 1919
fe
1st, 2%s..............................1905
2 dm . inc. 7s..........................*894 105
9
Pensacola Division, 6s........ 1920 106
66
65
Extension, 4s....................1905
Dividend bonds........ .— *|94
1
St. Louis Division, 1st, 6s... 1921 116
Keokuk < Des M.—1st, 5s.. 1923 97
fe
Bellev. < So. 111.—1st, 8 s ...1896 110 110
&
9
2d, 3s...................
1980 60
108
Chicago < St. Louis—1st, 6s, 1915
fe
BeHev. «&Car.—1st, 6 s ......1 9 2 3
3
Leb. Branch Extension .. .1893 .......
Oh.St.P.«ScK.C.—5s,g., 1936, sfm pd
Chi. St. L. <&Pad.—lst,gd.g.5 s 1917 100
Nashv. < Decatur—1st,7s.. 1900 114
&
Chio. St. P. < Minn.—1st, 6s...1918 124
fe
St. Louis So.—1st, gd. g. 4 s.1931 *80 '*84*
100
S. f.,6s.—S. < N. Ala.............1910
&
do
2d income,5S.1931 *60
St. Paul <ScS. C.—1st, 6s.......1919 121*2
10-40, gold, 6s......................1924
Car. «feShawt.—1st g. 4 s ....1932 *78
Ohio. <cW. Ind.—1st, s. f., 6S.1919
S
50 year 5s, g.,............... -•••■*93/ 104 106
General mortgage, 6s..........1932
St. Louis < San Fran.cisco—
fe
Pens. < A t.- 1st, 6s, gold .. .1921 103
fe
114 116
Gin Ham. & D .—Con. s.f., s.1905 121
2d 6s,g.,
Collat. trust, 5s, g .......... .--1931 102 1035s Equip., 7cl. A ........................1906 100
94
2d, gold, 4 % s ................ ....19 3 7
s .............................*895
80
Lou.N.Alb.<&Ch—Gen.m.g.5s.l940
95
Gin. Jack. < Mac.—1st, g., 5s.1936
&
General 5 s . . . . . . . ..................*»"1
Lou. N. O. & Tex.—1st, 4 s ....1934 *85
80
Olev. Ak. « c Col.—Eq. <c2d 6S.1930 *89
S
S
1st, trust, gold, 5s................ 1987
75
69
2d mort., 5 s ..........
O.C.C. « cSt. L., Cairo div.—4s, 1939 90
S
Consol, guar., 4s— ............ *990
Louis. St. L. < Tex.—2d g, 6s.. 1917
&
92
90
St. Lou. Div. —1 stcol.ts’t4s, g. 1990
Kan. City < S.—1st, 6s, g . . . 1916
fe
Manhattan Ry.—Cons. 4 s ..... 1990
Spring. «ScCol.Div.—1st,g. 4s. 1940
Ft. S. < V. B. Bg. -1st, 6s. ..1910
fe
Manito. S. W. Coloniza’n—5s ,g. 1934
103
WhiteW.Val.Div.—lst,g. 4s. 1940
St. Louis K. < S.W.—1st, 6S.19JL6
fe
98 100
Cin.Wab.&M.Div.—lst,g.4s.l991 90*2 91*4 Memphis & Chari.—6s, gold ..1924 115 120
Kansas Midland—1st, 4s, g.1937
110
1st con. Tenn lien, 7 s.. . — 1915
96
Oin. I. St. L. & C.—Ist,g.,4s.l936
St. Paul < Duluth—1st,5 s ....1931
fe
Mexican Cent. Consol.—4s, g.1911
C on sol, 6s.......................... ,.1920
2d mortgage 5s..........-------*9 *« 103%
1st, eons, income 3s, g........ 1939
108*2
Cin.San.&Cl —Con.lst,g.5s, 1928 107*2 ........
St. Paul Minn «fe M.—1st, 7s.. 1909
2d, cons, income 3 s ..........1930
Cl.Col. Cin. «Sclnd.—1st, 7s,s.f.l899 117*8
2d mort.,6s..........: ................ *"69 115%
Mexican National—1st, g., 6s.1927
M in n e a p . U n io n —1 st, 6 s . . . . 1922
Consol, sink, fund, 7s.......... 1914
2d, income, 6s, “ A” .............
Mont. C en—1st, guar., 6 s..1937 il*6*a 117
Oleve. <cMah. V.—Gold, 5 s ... 1938 106
S
1st guar. g. 5 s . . . . . . . . . . . - .--1937 103 104
Colorado Midland—1st, g., 6s. 1936 109 110*2 Michigan Central—6s............. 1909 111
Coupon, 5 s ........................... 19" *
East. Minn., 1st div. 1st 5s. 1908
Columbia & Green.—1st, 6 s.. .1916
99%
Mortgage 4s...........---•-■--•*940
97*«
San Fran. < N. P.—1st, g., 5s.l91 a
&
2d, 6s......................................1926
10*2*2
743s
. . . . . . Mil. L. S.&W.—Conv. deb., 5s. 1907 120
Sav. Amer. < Montg.—1st 6s.1919
&
Del. Lack. <cW.—Convert. 7s,1892
S
Mich. Div., 1st, 6 s . .. . . . . . --.1924
South Carolina-2d, 6 s . . . . . . -1931
Mortgage 7s.......................... 1907 ’ 130
Ashland Division—1st, 6s ..1925 120*2
So. Pac. Coast—1st, guar.,4s. 1937
Syra. Bing. & N. Y.—1st, 7s. 1906
108
Incomes...........- — - - ..........
142
Ter.RR. As’n of St.L.-ljfi,4%s.l939 *95
Morris <c Essex—1st, 7s___1914
S
Minn.«fc St. L.—1st, g. 7s........ 1927 118
Bonds, 7s............................ 1900 *114
Texas Central—1st, s. f., 7 s ...1909
1909 115
Iowa Extension, 1st, 7s......
1st mortgage, 7 s . . . . . . . -...-*91-1.
7s of 1871.......................... 1901 120 121
71
2d mortg., 7s— - -- -- - - .......*®"*
139%
Texas <&New Orleans—1st,7s.190o
1st, con., guar., 7s............ 1915
Southwest Ext.—1st, 7s.......1910
©el. < Hud. Can.—Coupon 7s,1894 107*2
fc
Sabine Division, lst,B s . . . .1912
Paciflo Ext.—1st, 6 s ............1921 *100
Pa. Div., coup., 7s............... 1917 *140
*70‘ " Tex. «fe Pac., E. Div.—'1st, bs. 1905 1L0% 112%
Imnr. < equipment, bs........ 1922
&
Albany & Susq.—Ist,gu.,7s.l906 *130
Third Avenue (N.Y).—1st 5s, *937
92
Minn. < Pac.—1st mortg., 5s. 1936
fe
90
1st, cons., guar., 6s.......... 1906 118*4
Tol. A. A. < Cad.—6 s ..............1917
fe
Minn.S. Ste. M. & A t l.-ls t , 5S.1926
i*45
Rens. < Sar.—1st, coup., 7S.1921
&
fe
PL—6s..........
Minn.St.P.«feS.S.M—lstc.g.4s.l938 *85 ...... . Tol. A. A. < Mt.M.—5s, g --v -11919 *873s ........
Denver City Cable—1st, 6 s .. .1908 **98*2
Tol. A. A. < N.
fc
640
76
100
Denv. <&R. G.—Imp.,g., 5 s ...1928 *78 ■81*4 M oK.&T.-K.C.«&P.,lst,4s,g.l990 *
88% Ulster «fe Del.—1st, con.,6.,5s. 1928 106%
Dal. < Waco—1st, 5s, gu ..,. 1940 *
&
B. Tenn. Va. < Ga.—1st, 7s... 1900 110 113
fe
Union Pacific—1st, 6s.............189b
90
Missouri Pacific—Trust 5 s ... 1917
w-mm
m m*
Divisional 5s......................... 1930 100
1 st, ...............................................1-897 108
80
1st ext., gold,’ 5 s ...................1937 63
1st 6 s . .. . . . __. . . . .. . . . . . . . . 1 8 9 8 110 111%
St\f.SVM ?--lrk.Br.,lst, 7S.1895 *106 107%
*100 101%
Eq. < Imp., g., 5s................... 1938 *
fe
Collateral Trust, 6s............. 1908
112
90
Mobile < Ohio—1st ext., 6s... 1927
&
100
Mobile < Birin.—1st, g.,5 s..1937
&
Collateral Trust, 5s............. *907 *80
St. L. < Cairo—4s, guar.......1931 *80
&
Alabama Central—1 st6 s ... 1918 95 100
Kansas Pacific—1st 6s, g- -1 8 9 o *105%
109*4 ........
Morgan’ s La. < T.—1st, 6s— 1620
&
Brie—1st, extended, 7s.......... 1897 113
1st, 6s, g . ............................1896 ’ 107%
1st 7s.
l y i o 119
2d, extended, 5 s ....................1919 116
C. Br. U. P.—F. c., 7s.......... 1895 100
112
Nash. Chat. & St. L.—2d, 6s.. 1901
85
3d, extended, 4%s.........
1923 107
Atch. Col. < Pac.—1st, 6s... 1905 * 84
&
New Orleans «fe G u lf-ls t, 6s .1926
4th, extended, 5s........ .........1920 110*4
Atch. J. Co. «fe W .-ls t , 6s... 1905
101 .........
5th, extended, 4s.................. 1928 102 103% N O * . No. E .-P r . U g., 6s. .1915 100%
U. P. Lin. < Col.—1st, g., 5s. 1918 *72 ........
&
N. Y. Cent.—Deb. g. 4s. . . . . . . 1905
Oreg.S.L.«&U.N.,col.trst.,os.l919
J.st, con., g., f’d, 7 s ..............1920 130
102
N J. June—Guar. 1st, 4s. ..1986 *
115
Reorg., 1st lien, 6s............... 1908
Utah < North.—1st, 7s........ 1908
&
Beech Creek—1st, gold, 4s.. 1936 100 101
B. N. Y. < E.—1st, 7s.......... 1916 135
&
Gold, 5s......................1 9 2 6
Osw, < Rome—2d, 5 s,g.,gu.l9l5 100
&
Utah Southern—Gen., 7 s ... 1909 104*8
113
N. Y. L. E. <ScW
.—Col. tr.,68.1922
102%
Utica < Bl. Riv. -4s, g., gu.1922
fc
104*8
Funded coup., 5s...................1969 92% 94%
Extern, 1st, 7s.............
108
N Y. N. H. < H.—1st, reg. 4s. 1903 *
fe
Buff. & S. W.—Mortg. 6s___1908
Valley R’y Co. of O.—Con. 6s.1921
106
n ! Y. < Northern—1st, g., 5S.1927
&
Jefferson—1st, gu. g. 5 s ___1909 i*03*i
Wabash—No. Missou—1st, 7 s.1895 107*41.......
64
63
2d. 4 s . . . . . .......... . — •— ...1927
St.L.K.C.«&N.-R.E.&RR.7s.l895 104%106
Coal < RR.—6s......................1922
fc
81%
100 N. Y. Susq. & West.—2d, 4% s.l937 87% 83
jEureka Springs—1st, g., 6 s ... 1933 k
St. Charles Br’ge—1st,6s.. -1908 107
88
Gen. mort., 5s, g - .- - - - - ....... 1910
jBvans. < T.H.—1st,cons.,6s.. 1921 122 124
fe
West. Va. C. < Pitts.—1st, 6s. 1911
&
N Y Tex. < Mex.—Ist,4s,gu.l912
&
Mt. Vernon—1st 6 s ..............1923 110
Wheel.&L.E.—1st. 5s, gold ... 1926 104
North’n Pacific—Divid’d scrip ext. 103
93% 94*4
Sul. Co. Branch—1st, g., 5 s.1930
E xtension*Im p. g „ 5s...... 1930
i James River Val.—1st, 6s...1936
Bvans. < Indian.—1st, cons..1926 *il*2 Í16
&
F o r M is c e lla n e o u s Sc U n lis t e d B o n d s —See 3d page preceding.
*„No price Friday; these are tne latest quotations made this ween.
594
THE
ItiRjcsttttjmt
C H R O N IC ! K
I V OI:, L 1 V .
Latest Earnings Meportea
Week or Mo
1891-2.
1890-1.
Jan. 1 to Latest Date.
1891-2. I 1890-1.
Gr. Tr.—(Con.)—
$
$
$
Det.Gr.H&M. WkMar.26
22,874
22,818
258,764;
% n iz llx ÿ m u ,
244,960
Great North’n —
St. P. M. & M. March__ 1,285,990 737,429
East, of Minn. March__
71,285
52,819 2,953,544 1,926,627
191,273
134,065
_
87,355
Montana Cent. March_
82,416
The^ I nvestors’ Supplement, a pamphlet o f 150 p ages»
270.961
271,568
M arch.... 1,444,630 882,531
Tot. system.
fc
3,744
contains extended tables o f the Stocks and Bonds o f B ail- Gulf < Chicago. February
2,992 3,415,778 2,332,261
6,223
6,350
Housatonic....... January..
102,537 106,113
102,537
roads, and other Companies, with remarks and statistics con Humest’n&Shen February,
106,113
13,000
12,247
27,800
25,979
7,33
4,925
cerning the income, financial status, etc., o f each Company. Hutch. &South’n February,
13,479
11,335
llinois Centr’l . . February I,
526,082
1,403,310 3,030,914 2,924,492
I t is published on the last Saturday o f every other month— Ind.Dec.&West. February.
37,468
33,232
81,681
73,447
In. & Gt.North’n 3d wk Mch
54,644
62,684
v iz., January, March, M ay, July, September and November, ilnteroc. (Mex. WkMar. 19
734,348
753,799
42.100
29,646
and is furnished without extra charge to all regular sub- Iowa Central.. 4th wkMar
29,729
460,350
426,084
Iron Railway.. February,
2,383
2,628
SQribers o f the Chronicle.
4,685
5,931
J’k’nv.T.&K.W February.
91,263
90,820
177,418
169,985
Kanawha&Micb 3d wk Mch
6,391
6,480
The General Quotations o f Stocks and Bonds, occupying Kan. C. Cl.&Sp, 4th wkMar
68,634
60,641
8,106
7,248
77,374
78,881
s ix pages o f the Chronicle, are published on the t h ir d K.C.F.S. &Mem 4th wkMar 130,342 113,278
1,265,230 1,144,673
4th wk
K.
C.Mem. &Bir,
26,765
28,704
S a t u r d a y o f each month.
291,673
303,015
Keokuk & West. 3d wk Mch
8,39 j
l
7,344
90,884
82,283
L. Erie All. & So February
6,398
4.809
12,501
10,410
L. Erie & West . 4th wkMar
88,246
73,146
820,262
730,278
Lehigh & H ud.. March
RAILROAD EARNINGS.
28.548
31,826
86,875!
91,280
L. Rock & Mem. 3d wk Mch
9,214
12,309
152,136
169,959
_
Latest Earnings Reported.
60,052
64,545
Jan. 1 to Latest Date. Long Island_ 4th wk Mar
713,222
689,848
Louis.&Mo.Riv December
38,293
30,258
415,213
480.298
R oads .
Week or Mo 1891-2.
Louis.Ev.&St.L 4thwk Mar
40,982
1890-1.
38,689
1891-2»
1890-1.
280,564
340,933
Louisv.&Nashv 4th wk Mar 575,795 480,349
5,121,465 4,672,335
Louis. N. A&Ch. 4thwk Mar
85,872
»
67,428
685,107
Allegheny Val.. February.
588,356
Louisv.N.O. <fcT. 4thwk Mar
193,008 175,484
88,583
370,566
88,717
373,500
982.363
Atch.T. & 8. Fe.. 4thwkMar 749,2.10 732,525
972,690
18,364
13,377
7,404,958 6,812,136 Lou. St.L.&Tex. 4thwk Mar
162,745
109,595
Half ow n ed ... 4th wkMar
44,662
47,701
10,789
10,591
398,133
377,935 Lynchb.&Dur’m January.
10,789
10,591
Total system. 4th wk Mar 793,872 780,225
Memphis &Chas 3d wk Mch
22,470
28,169
337,769
St L.& SanF.. 4th wk Mar 199,185 201,911 7.803.091 7,190,071 {Mexican Cent... 4thwk Maf 220,389
378,049
1,542,325 1,489,279
166,237 1,831,336 1,667,683
H alf owned.. 4th wk Mar
43,802
46,979
390,473
369,959 {Mex. National. 4thwk Mar 106,013 117,302
981,376 1,044,497
Tot.S.L.&S.F 4.thwk Mar 242,987 248,891
{Mexican R’ way Wk Feb. 27
67,326
93,011
670,322
519,057
Agg. total .. 4thwk Mar 1,036,859 1,029,116 1,932,798 1,859,238 Mil.L.Sh.& West 4th wk Dec
72,118
9,735,890 9,049,309
64,495 3,527,714 3,848,568
Atlanta & Char.* January...
60,560
80,481
49,755
60,560
42,586
80,481 Milwaukee &No 4thwk Mar
375.531
376,735
Atlanta & Flor’ a December.
15,593
MineralRange.. February.
14,503
10.100
119,530
8,227
130,783
18,132
20,400
Atlanta & W.Pt. February..
47,728
161,792 112,379
40,846
84,607
93,558 Minneap. &St.L. February.
222,079
288,717
B.&O.EastLines February.. 1,385,211 1.305.020 2,920,622
M.
St.P. &S.SVM,
February
196,664 135,511
2,751,005 Mo. Kan. & Tex. 6
421,949
286,185
Western Lines February.. 479,848 404.000
4th wkMar 205,313 210,211 1,879,149 1,973,308
989,545
861,468
-. T o t a l.......... February.. 1,865,059 1.709.020
3,910,167 3,612,473 Mo.Pac. &IronM 4thwk Mar 798,000 677,000 6,380,773 5,767,012
Bal.&o.Southw. 4th wk Mar
63.708
&
56,527
30,240
28,844
628,235
541,102 Mobile < Birm .. November
256.364
243,060
Bath& Ham’nds January...
1,438
1,634
287,431 294,158
1,438
1,634 Mobile & Ohio.. March___
904,338
Bir. < Atlantic. February..
fc
873,835
3,304
4,211
87,041
6,059
74,698
9,864 Monterey&M. G. February.,
148,103
164,934
Bir.8h.&Tenn.R January...
Nash.Ch. <fcStL.fi 1 ebruary.. 434,707 292,523
19,055
16,2
19,055
16,251
650,236
832,585
Bnff.Roch.<fePitt 4thwk Mar
83,824
&
70,451
692,020
24,268
21,345
590,173 N. Jersey < N.Y. December.
293,892
265,400
Bur.C.Rap.&N. 3d wk Mch
93,466
69,889
916,857
11.288
12,261
742,765 New Orl. & So’n February..
30,276
24,430
Camden & A tl.. February..
37,354
36,736
71,030
76,982 N. Y. C.& H.R.. March....... ,273,417 3,061,439 9,546,002 8,802,287
OanadlanPaciflc 4thwk Mar 511,000 497.000 4,638,471
RomeW. & Og. March....... 303,867 322.534
4,213,754
920,908
858,557
Op.F'r&Yad.Val December.
42,590
Tot. both rds. March....... ,577,284 3,383,973 10,404,559 9,723,195
46,103
583,357
555,209
Oar.Cum.G<&Ch. January...
2,646
3,618
2,646
3,618 N.Y. L. E. &W. February.. ,278,623 2,054,403 4,465,193 4,226,682
Car. Midland... January...
4,169
N. Y. Pa. & Ohio January... 533,998 499,438
6,769
4,169
6,769
499,438
533,998
Central of N. J .. December. 1,155,408
N. Y.& N .Eng., February..
863,821
885,351
Central Pacific.. November. 1,401,127 1,176,896 14,201,767 13,663,726 N. Y. & North’n. February.. 451,186 417,781
1,390,900 15,504,798 11,683,529
39,832
32,74
65,967
75,279
Centralof S.C.. J anuary...
8,812
11,265
8,812
94,350
80,350
11,365 N. Y.Ont &W.. 4thwk Mar
640,474
661,843
Ohar.Cin. &Chic February
13,500
N.Y. Susq. & W., February.. 113,851 101.535
14,197
24,639
27,112
227,783
216,623
Charlest’n < Say February,
fe
69,427
82,123
132,291
29,896
159,538 Norf. & South’n, January...
29,986
Char.Sum.&No. February..
16,721
10.843
29,721
21,380 Norfolk* West.. 4thwk Mar 178,620 166,413 2,200,253 2,013,310
Okeraw.&Darl. January.. .
6,468
13,464
62,544
. 6,468
86,811
13,464 N’tkeast’n(S. C,] January...
62,544
86,811
Cheraw. & Salisb January..
1,797
February.. 576.044 473,580 1,125,954
3,153
1,797
3,153 North’n Central.
969,142
Ches. & Ohio.... 4thwk Mar 229,167 221,138
4th
601,675 4,877,164 5,000,066
Ches.O. & S. W. December. 202.781 209,932 2,090,416 1,943,397 Norther n Pacific 4th wk Mar 643.55
wk Mar 154,639 136,497 1,186,387 1,104,798
Wis. Ct. Lines.
Chic. Bur. & No. February.. 161,496 146,766 2,339,016 2,161,684
N.P.& W.Cent. 4thwk Mar 798,193 738,172 6,063,551 6,104,864
311,573
311,566
Chic. Burl. & Q. February.. 3,068,385 2,237,904
6.077,184 4,567,734 O hio* Miss....... 4thwk Mar
80,890
78,122 1,044,470
982,605
Chic.& East. 111. 4thwk Mar
86,961
90,051
12,425
930,046
12,052
902,524 Ohio River........ 4thwk Mar
140,173
134,557
Chicago & Erie. February.. 235,448 189,363
473,504
56,748
52,677
378,239 Ohio Southern.. March___
148,760
174,145
Ohic.Mil. & St.P, 4thwk Mar 899,380 697,053
48,247
27,252
60,878
100,295
Chic. AN’thw’n. February.. 2,266,183 1,707,841 7,466,060 5,957,081 Omaha & St. L .. February.
4,502,885 3,601,247 Oregon Imp. Co. February
256,107 299,281
607,642
551,885
Ohic.Peo.&S.L.i 4thwk Mar
34,845
24,535
311,9.85
241,064 Pennsylvania .. February. 5,207,097 4,739,320 10,226,833 10,051,795
Chie.R’kI.&P... March....... 1,403,388 1,219,864
4,017,371 3,340,223 PeoriaDec.&Ev. 4th wk Mar
21,260
19,367
207,079
213,619
Ohic.St.P.&K.C. 3d wk Mch
96.708
85,939
994,995
45,842
49,619
786,764 Petersburg..... February..
88,989
87,178
Ohic.St.P.M.&O. February.. 637,598 457,246
1,267,627
942.982 Phila. & Erie... January... 359,675 352,602
352,602
359,675
Chic. &W. Mica. 4thwk Mar
59,351
February.. 1,788,774 1,470,917 3,515,988 3,183,007
44,093
426,200
368,082 Phila. &Read’g.
Cin. Ga. & Ports. February..
4,274
3,702 .. 8,816
Coal & Iron Co. February.. 1,778,028 1,145,647 3,310,069 2,589,408
8,203
Cin. Jack & Mao. 4thwk Mar
19,225
19.105
TotalbothCos. February.. 3,566,802 2,6Ì6,564 6,826,057 5,772,415
160,706
187,298
CJn.N. O. &T. P. 3d wk Mch
66,741
75,573
Pitts. Mar. < Ch. February..
fc
908,671
3,138
3,159
907,933
6,805
6,261
Ala. Gt. South. 3d wk Mch
27,706
33,338
406,436
28,085
18,746
403,877 Pitt.Shen.&L.E. February..
39,820
52,140
N. Orl. & N. E. 3d wk Mch
18,755
17,332
Pittsb. < West’n January...
&
■272,892
94,819 107,049
249,928
107,049
94,819
Ala & Vicksb. 3d wkMch
10,069
11,388
Pitts.Clev.&T. January...
145,853
38,047
29,371
140,373
29,371
38,047
VicKS. Sh. & P. 3d wk Mch
7,823
10,064
Pitts.Pain.&F. January...
136,192
15,116
15,589
139,485
15,589
15,116
Erlanger Syst. 3d wk Mch 131,094 147,695
Total system 4th wkMar
62,600
1,870,044 1,841,596
54,798
468,021
524,950
Oinn. Northw’n . February..
1,588
2,116
88,063
3,069
50.574
3,687 Pitt. Young. <fcA. February..
109,382
167,032
Cin. Ports. < Y.. February..
fe
16,559
13,472
fc
31,065
21,206
43,875
30,146 Pt. Royal < Aug. January...
43,875
21,206
Col. & Maysv. February..
1,016
860
19,306
46,903
l,787i
1,531 Pt.Roy.&W.Car. January...
19,306
46.903
Cttn.Wab. &Mich. February.
60,887
43,414
113,044
9,567
11,088
87,489 Pres.&Ariz.Cen. December.
139,443
134,595
Olev.Akron&Coi 3d wk Mch
17,971
16,643
188,772
24,647
19,670
49,604
42,150
186,416 QuincyO.&K.C. February..
Clev. & Canton.. January...
42,602
40,248
432.900 526,900
42,602
432.900
40,248 Rich.&Danville. January,
526,900
Cl.Cin.Ch.&8.L. 4thwk Mar 371,618 330,937
vir. Midland.. January... 141,500 183.300
3,203,839 3,120,101
141,500
183.300
Peo. < East’n. 4th wk Mar
fc
46,843
35,790
Char. Col. &Au January...
68.500
426,831
95,700
366,970
68.500
95.700
Clev. & Marietta February..
23.781
21,577
71,600
Col. & Greenv, January...
90,900
49,416
51,629
90,900
71,600
Color. Midland.. 4th wk Mar
60,129
64,176
West. No. Car. January...
63.500
82,500
480,663
63.500
82,500
474,336
Col. H. V. & Tol. March....... 232,775 224,682
Georgia Pafc.. January... 182.900 168.300
702,740
182.900
168.300
612,149
Gol.Shawnee<fcH 4thwk Mar
19,395
7,667
9,720
Wash.O.<fc W.. January...
154,597
9,900
9,720
96,812
9,900
Colusa & Lake.. February..
1,550
1,930
I I , 700 14,0t)0
Ashv. & Spart January...
2,975
11,700
14,000
3,671
Conn. R iver. . . . February..
84,073
73,989
162,224
Total Sys’m. 4th wkMar 241,670 265,850 3,160,880 3,393,560
155,954
Current R iver.. 4th wk Mar
3,384
3,348
26.575
29.055
36,446
fc
51,943
53.298
37.982 Rich. < Petersb. February..
Deny. & Rio Gr. 4thwk Mar
10,546
2,567
111,841
31.904
Bes M. No. & W February.. 210,500 181,000 2,089,835 1,775,843 Rio Gr’de South. 3d wk Mch
33,635
25,819
42,400
63,911
39,200
450.137
47,433 Rio Gr. W est... 3d wk Mch
453,218
Det.Bay C.&Alp February..
29,611
42,351
6.762
6,880
58,690
14,154
89,273 Sag.Tuscola&H. February..
13,195
Det.Lans’g & No 4th wkMar
31,037
28,571
37,120
32,080
273,433
351,452
263,493 St.L.A.&T.H.B’s 4th wkMar
339,801
Duluth S.S.& At! 4thwk Mar
59,469
40,973
440,489
361,653 St.L.Southw’rn. 4th wkMar 126,348 124,060 1,052,400 1,033,834
Duluth & Winn February..
10,717
5,398
21,345
400,014
10,782 St.Paul<feDuTtb March____ 147,834 108,471
294,310
E ,Tenn.Va.&Ga. 3d wk Mcli 123,091 143,931
12,764
11,456
1,599,546 1,830,110 S. Fran.&N.Pac. 3d w k Mch
144,830
132,763
E lgin Joh&East. March.......
73,739
58,209
36,164
41,354
203,647
Sav. Am. < Mon. February..
fc
69,200
82.701
154,172
Eliz.Lex.&B.B... January...
41,596
60,740
41,596
fc
60,740 Sav.Fla. < West. Deoember. 315,691 359,044 3,288,862 3,038,473
Evans.&Ind’plis 4thwk Mar
9,672
8,571
3.763
85,930
Silverton........... February..
nil.
6,520
79,042
10,788
Evansv. & T. H. 4th wk Mar
33,061
28,640
fc
289,714
31,846
33,0u0
68,089
274,851 Sioux City < No. February..
65,795
Fitchburg.......... February
557,332 515,076 1,088,572 1,051,143 South Bound... Marc
15,442
40,720
Flint. & P. Mara.!4thwkMar
91,186
91,022
803,558
271,390
767,095 South Carolina. February.. 156,800 176,916
354,662
Florence............ -January...
2,964
6.105
2,964
6,105 So. Pacific Co.—
Flor. Cent.* P. Deoember. 177,488 143,124
1,497,306 1,212,437
Gal.Har.&S.A. February.. 333,754 299,913
693,181
641,078
Ft. W. < Rio Gr. 4thwk Mar
&
8,883
5,750
69,010
Louis’a West.. February..
70,174
90,922
50,296
187,590
157,262
Ga. Car’la < No. January...
&
12,164
11,320
12,164
Morgan’sL&T. February.. 418,271 499,352
11,320
892,169 1,104,586
Georgia RR...... February.. 145,340 179,170
262.091
N. Y. T.&M ex February..
10,914
15,204
372,258
33,734
25,240
Geo. So. <&Fla.. February..
63,138
59,785
123,838
Tex. < N. Orl. February.. 139,147 113,074
fc
123,159
271,815
237,989
Georget’n&W’D January...
4,109
4,030
4,109
Atlantiosys.ti. February.. 1,011,588 1,001,218 2,111,020 2,183,496
4,030
Gr.Rap. & Ind.. 3d wk Mph
49,639
44,792
503,660
Pacific system January... 2,417,000 2,670,973 2,417,000 2,670,973
470,244
Cin.R.&Ft. W. 3d wk Men
9,818
9,068
99,562
Total of all.. J anuary... 3,516,431 3,853,191 3,516,431 8,853,191
93,947
Other lin e s ... 3d wk Mch
4,631
4,136
46,274
45,775 So Pao. RR.—
Total all lines. 3d wk Mch
64,088
57,995
649,496
609,965
CoastDiv. (Cali December. 170,154 149,380 2,345,665 2,389,048
Grand Trunk... Wk Apr. 2 400,623 385,969
4,622,944 4,453,962
Bo. Div. (Cal.) December. 616,594 456,854 6,934,159 6,407,422
Ohio < Gr.Tr. WkMar.26
&
79,318
78,832
910,023
Arizona D iv.. December. 156,969 150,385 2,028,6»9 2,000,594
885,718
AND
R ailroad
THEi CHRONICLE.
A pril 9, 1892.]
R oads .
Latest Earnings Reported.
Week or Mo 1891-92.
1890-91
Jan. 1 to Latest Date.
1891-92.
1890-91.
$
«
So.Pac.RR.- Con
$
$
78,492
73,362 1,049,260 1,030,951
New Mex. Div. December.
Spar. Un. < Col. January...
fe
14,056
8.C08
14.056
’ 8,608
Staten Isl. R. T. February..
56,869
112*259
112,267
57,128
1.107
Stonyd.ACM t.. January...
1,107
1.107
1,107
196,174
91,872
205,759
Summit Branch. February.. 104,051
147.649
Lykens Valley February..
73,533
138,572
63,786
344,329
343,823
Tot’l Loth Co’s February.. 177,584 155,657
Tenn. Midland.. February..
15,758
28,418
30.057
12,628
Texas A Pacific. 4thwk Mar 180,705 179,466 1,605,222 1,627,132
Tex.g.ValAN.W. February..
4,355
3,195
7,945
6,348
75,793
70,054
154,114
144,310
XoL A. A. A N. M. February..
8,643
9,632
77,583
Tol. CoL & Cin. 4thwk Mar
72,499
36,795
38,444
314,141
325,264
Tol. A Ohio Cent. 4thwk Mar
Xol.P. & West., 3d wk Mch
196,980
22,998
17.607
232,758
49,792
lo i. St. L. AK.C. 4thwk Mar
50,876
385,149
492,879
1,532
1,713
1,532
1,713
Tol. & So. Haven January...
20,080
19,665
20,080
Ulster & D e l.... January...
19,665
Union Paoific—
483,748
632,663
Or. S.L. AU. N. January... 483,748 632,663
284,819
Or.Ry.AN.Co. January... 284,819 473,857
473,857
443,044
389,060
Un.Pac.D.AG. January... 443.044 389,060
23,367
16,161
273,816
167,143
St.Jo.&G’ dlsl. 4thwk Mar
Alloth. lines.. January... 1,742,244 ,480,370 1,742,244 1,480,370
Tot.U.P.Sys January... 3,050,468 ,025,792 3,059,468 3,025,792
44,714
115,501
Osnt.Br.AL.L January... 115,501
44,717
Tot. cont’led January., i 3,165,969 ¡,070,506 3,165,969 3,070,506
91,220
84.607
91,220
Montana Un.. January...
84,607
2,082
2.108
2,082
Laav.Top. & S. January...
2.108
3,015
3.026
3,015
Man. Al. A Bur. January...
3,026
89,741
96,317
96,317
89,741
Joint.own’d ,.. January...
January. 3,214,128 ¡,115,377 3,214,128 3,115,377
Grand total. I
13,556
12,030
25,859
24,525
Vermont Valley .February..
Wabash.............. 4th wk Mar 355,780 311,529 3,350,715 2,962,822
93,324
84,719
177,193
177,808
West Jersey..... February.
81,752
82,124
February,
163,028
173,900
W.V.Cen.&Pitts. S
45,931
51,029
February,
85,753
Western of Ala. |
112,560
61,400
63,800
|3dwk Mch
702,953
721,750
West.N.Y. A Pa.
32,791
300,887
35,118
277,215
Wheeling A L. £. 4thwb Mar
70,327 107,122
70,327
107,122
WU. Col. & Aug. January..
5,876
8.730
11,303
17.830
Wrightsv.ATen. February.
* Figures cover only that part of mileage located in South Carolina
t Earnings given are on whole Jacksonville Southeastern System.
6 Kansas City A Pacific included in both years, c Western & Atlan
tic included in 1892, but not in 1891.
d Includes earnings from fer
ries, etc., not given separately. 1 Mexican currency.
Latest Gross Earnings by W eeks,— The latest weekly
earnings in the foregoing table are separately summed up as
follows:
For the 4th week of March the statement following con
tains 69 roads, and the comparison with last year is quite
generally satisfactory, the gain in the aggregate being 9-96 per
cent.
4ih week o f March.
1892.
*
749,210
Atcbison Top. A 8. F e ...
44,662
Roads i’tly owned
199,185
43,802
Roads j’tly owned
63,708
83,824
Buffalo Roch. A P ittsb...
511,000
229,167
86,961
Chicago A East. Illinois..
* Chicago AGrandTrunx.
79.318
Chicago Milw. A St. Paul.
899,380
Chicago Peoria & St. L ...
34,845
Chicago A West Michigan
59,351
Cin. Jackson A Mackinaw
19.225
Cleve. Cin. Chic. A St. L.
371,618
46,843
60,129
Col. Shawnee & Hocking.
19,395
3,384
Denver A Rio Grande...
210,500
* Detroit Gr. H. A Mil___
22.874
Dstroit Lans. A Northern
31,037
Duluth So. Sh. A Atlantic
59,469
Evansv. A Indianapolis.
9,672
Evansv. A Terre Haute..
33,061
Flint A Pere Marquette..
91,186
Ft. Worth A Rio Grande.
8,883
©randTrunk of Canada.
393,437
29,646
Kan. City Clin. & Spring.
8,106
Kan. City Ft. S. & Mem..
130,342
Kansas C. Mem. & Birm.
26,765
Lake Erie A Western___
88,246
Long Island.....................
60,052
Louisv. Evansv. A St. L ..
40,982
Louisville & Nashville...
575,795
Louis. N. Albany & Chic.
85,872
Louisville N, O. A Texas.
88,583
Louisv. St. Louis A Texas ,
18,364
Mexican Central............. 1 220.389
Mexican National...........
106,013
Milwaukee A Northern..
49,755
Mo. Kansas & Texas......
205.313
Mo. Pacific A Iron M t...
798,000
New York Ont. & W est...
94,353
Norfolk A Western........
178,620
Northern Pacific.............
643,554
Wisconsin Central lines
154,639
Ohio A Mississippi..........
80,890
OhioBiver...................
12,125
Peoria Decatur & Evansv.
21,260
Pittsburg A Western.......
62,600
Rich. & Danv. (8 roads)..
241,670
St. Joseph A Gr. Island..
23,367
St. L. Alt. AT. H. Brches.
37,120
St. Louis Southwestern..
126,348
Texas A P acifio...............
180,705
Toledo Col. A Cincinnati.
8,643
Toledo A Ohio Central...
36.795
Toledo St. L. A Kan. City.
50,876
Wabash.............................
355,780
WheeLing A Lake E rie...
35,118
1891.
$
732,525
47,701
201,911
46,979
56,527
70,451
497,000
221,138
90,051
78,832
697,053
24,535
44,093
19,105
330,937
35,790
64,176
7.667
3.348
181,000
22,818
28,571
40,973
8,571
28,640
91,022
5,750
390,531
29,729
7,248
113,278
28,704
73,146
64,545
38,689
480.349
67,428
88,717
13,377
166,237
117,302
42.5S6
210.211
677,000
80,350
166,413
601,675
136,497
78,122
12,052
19,367
54,798
265,850
16,161
32,080
124,060
179,466
9,632
38,444
49,792
311,529
32,791
Total (69 roads)........... 9,341,812 8,495,320
Net increase (9 96 p. c.)..
For week ending March 26,
’ Increase.
$
16,685
7,181
13,373
14,000
8,029
486
202,327
10,310
15,258
120
40,681
11,053
11,728
36
29,500
56
2,463
18,496
1,101
4,421
164
3,133
2,906
858
17,064
15,100
2,293
95,446
18,444
4,987
54,152
7,169
121,000
14,003
12,207
41,879
18.142
2,768
73
1,893
7,802
7,206
5,040
2,288
1,239
1,084
44,251
2,327
912,225
846,492
Decrease.
$
______
3,039
2,726
3,177
3.090
4,047
t. T
,
83
1,939
4,493
rwnl__T
134
11,289
4,898
595
Our regular statement of earnings for the month of March
will be published next week. W e furnish to-day the following
preliminary aggregates...
Month o f March.
1892.
1891.
Increase. P.O\
Gross earnings (108 roads) $39,184,080 $35,835,218 $3,348,862 9-35
It will be observed that the totals include 108 roads, and tha
these 108 roads show a gain of $3,848,862, or 9-35 per cent.
The following will furnish a comparison of the weekly re
sults for a series of weeks past.
WEEKLY GROSS EARNINGS.
.— Increase. — ,
Period and number o f roads
1891.
1890.
Amount.
included.
$
P. et.
$
$
1st week of Dec. (87 roads). 8,183.217 7, 553,867,
629,350
8-33
2d week of Deo.' (87 roads). 8,325,040 7 563.917
761,123 10-06
3d week of Dec. (85 roads). 8,175,305 7, 624,962
550,343
7-22
4th week of Dec. (90 roads). 10,926,422 10, 187,477
738,945 7-25
1892.
1891.
1st week of Jan. (80 roads). 6,498,987
066,871
432,116
7-12
2d week of Jan. (81 roads). 6,697,316
372,434
324,882
5- 10
3d week of Jan. (8 7 roads). 6,595,301
,775,645 do 180.344 2-66
4th week of Jan. (87 roads). 9,671,460
639.270
32,190
01st week of Feb. (87 roads). 7,225,963
511,412
714,551 10-97
2d week of Feb. (88 roads). 7,390,049
880,676
509,373
7-40
3d week of Feb. (87 roads). 7,292,175
839.270
452,905
6- 62
4^hweek of Feb. (8 7 roads). 8,484,252
962,259 1 ,521,993 21-86
1st week of Mch. (87 roads). 7,362,194
596,050
766,144 112d week of Mch. (87 roads). 7,347,363
830,163
517,200 7-57
3d week of Mch. (87 roads). 7,162.212
055,253
106,959
14thweek of Mch. (69 roads). 9,341,812
,495,320
846,492
9-96
Net Earnings M onthly to Latest Dates.— The table fol
lowing shows the net earnings reported this week. A full
detailed statement, including all roads from which m onthly
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 ic l e of March 19. The next will appear in the
issue of April 28.
,— Gross Earnings.-Wet Earnings.— —
%
1892.
1891.
1892.
1891.
Roads.
$
$
$
$
Chlo.Bur. A North, b. .Feb.
161,496
146,766
68.545
51,026
Jan. 1 to Feb. 2 9 ...
311,573
311,566
99.568
112,500
Chic. & West Mich.aFeb.
143,485
121,980
33,332
31,960
260,672
Jan. 1 to Feb. 2 9 ...
231,291
51,531
51,435
42,602
Clevel. A Canton.. b . . J an.
40,248
13,581
11,840
447,121
July 1 to Jan. 3 1 ...
374,887
.55,328
137,418
Colorado Fuel Co___Feb.
22,304
23,613
Jan. 1 to Feb. 2 9 ...
73,734
51,760
July 1 to Feb. 2 9 ...
232,566
210,536
163,101
Colorado Midland.b.Feb.
141,906
46.033
34,313
Jan. 1 to Feb. 2 9 ...
322,445
310,812
83,257
84,334
July I t o ’ Feb. 2 9 ... 1,386,778 1,291,223
¡73,829
421,997
91,875
Det. Lans. & North. aFeb.
83,044
17.545
23,125
Jan. 1 to Feb. 2 9 ...
175,847
169,693
28,588
39,771
Flint&Pere Marq.a,.Feh.
72,618
46,076
256,276
226,336
498,384
L34.063
97,533
Jan. 1 to Feb. 2 9 ...
480,301
Milw. & N orth.a_ Feb.
121,962
_
116,439
34.569
31,044
Jan. 1 to Feb. 2 9 ...
48,313
75,789
239,529
245,040
July 1 to Feb. 2 9 ... 1,208,228 1,098,152
449,448
421,828
161,792
Minn. & St. Louis.a..Feb.
112,379
81.737
43,820
Jan. 1 to Feb. 2 9 ...
288,717
222,079
132,297
86,766
July 1 to Feb. 2 9 ... 1,366,477 1,082,358
595,903
393,141
332,523
Ohio A Mississippi.aFeb.
305,965
.61,396
62,815
140,682
136,785
Jan. 1 to Feb. 2 9 ...
692,098
634,178
July 1 to Feb. 2 9 ... 2,979,909 2,813,676
819.033
770,714
46,221
16,384
10,997
Ohio R iver.b ............Feb.
35,815.
Jan. 1 to Feb. 2 9 ...
91.273
86,347
32.915
29,397
299,281
256,107
30,011
51,377
Oregon Imp. Co..a...Feb.
551,885
607,642
Jan. 1 to Feb. 2 9 ...
84.738
93,388
125,020
147,024
950,705
July 1 to Feb. 2 9 ...
849,723
61,560
22,818
130,778
95,140
St. Paul & Duluth.b.Feb.
101,791
43,849
252,180
Jan. 1 to Feb. 2 9 ...
185,839
548,005
396,169
July 1 to Feb. 2 9 ... 1,333,806 1,059,643
Southern Pacific Co.—
7,482
299,913
Gal. Har. &S. Ant.b. Feb. 333,754
47,647
142,070
62,851
641,078
Jan. 1 to Feb. 2 9 ..
693,181
18,711
70,174
47,i
Louisiana W est.b.. Feb.
90,922
94/
157,262
45,493
Jan. I t o Feb. 2 9 ..
187,590
90,259
499,352
174,792
Morgan’ sLa. A T .b . .Feb.
418,271
219,402
400,032
Jan. 1 to Feb. 2 9 ..
892,169 1,104,586
10,914
3,684 def.4,682
N.Y.Tex. AM ex.b. .Feb.
15,204
8,872 def. 5,214
25,240
Jan. 1 to Feb. 2 9 ..
33,734
37,085
113,074
58,736
Texas & N. Orl.b. .Feb.
139,147
74,452
110,634
237,989
Jan. 1 to Feb. 2 9 ..
271,815
250,566
224,548
Tot. Atlantio sys.b.Feb. 1,011,588 1,001,278
581,329
565,593
Jan. I t o Feb. 2 9 .. 2,111,020 2,183,496
93,650
31,194
32,830
Toledo A O. Cent.. .bFeb.
101,362
198,802
62,476
58,107
Jan. 1 to Feb. 2 9 ...
220,817
1,039,120
370,230
343,001
July 1 to Feb. 2 9 ... 1,061,416
222,000
944,631
200,815
W abash.b........ ......... Feb. 1,087,850
409,721
444,000
Jan. 1 to Feb. 2 9 ... 2,216,010 1,939,483
July 1 to Feb. 2 9 ... 10,123,280 8,923,859 2,644,969 2,427,772
65,659
243,175
74,337
West.N. Y. A P cn.b
Feb.
266,449
139,863
149,879
533,750
Jan. 1 to Feb. 2 9 ... 516,053
794,133
767,571
July 1 to Feb. 2 9 ... 2,483,659 2,420,706
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
24,180
, ______
______
........
989
1,649
65,733
....... .
In terest Charges and Surplus.— The following roads, in
addition to their gross and net earnings given above, also
report charges for interest, & c., with the surplus or deficit
above or below those charges.
■InterH, rentals, etc.— f—
. Bal. o f Net Earns.—
*
1892.
1892.
1891.
1891.
Roads.
$
$
$
$
23,893
10,433
8,066
22,899
Chic. A West M ich...Feb.
6,463
3,967
Jan. 1 to Feb. 2 9 .,.
47,467
45,068
26,242 def.8.697 def. 3,117
Det. Lans. A Nor.......Fob.
26,242
52,641
52,641 def.24,053 def. 12,870
Jan. 1 to Feb. 2 9 ...
1,305
22,578
Flint A Pere Mar.......Feb.
50,010
44,771
91,033
36,781
6,500
Jan. 1 to Feb. 2 9 ...
97,282
38,123
def 4
*22,860
St. Paul A Duluth....Feb.
23,437
33
62
52
696
THE CHRONICLE.
ANNUAL REPORTS.
[V ol
Norfolk & Western Railroad.
( F or the year ending Dee. 81,1891. )
The annual report of President Kim ball will be found at
length on subsequent pages, together with some statistics of
the past year and the balance sheet on Dec. 31,1891, given
with more detail than is practicable in this column.
The comparative statistics for four years have been compiled
for the Chronicle as follow s:
1888.
1889.
1890.
1891.
Aver.miles oper.
542
591
826
1,091
Operatoons_
Pass’gers carr’d.
771,248
841,986
1,519,231
1,887,522
Pass’ger mileage 35,385,815 36,392,466
64,086,450
71,394,761
Eatep. pass.p.m.
2*833 eta. 3*017 eta.
2 862 eta.
2*938 cts.
Fr’ ght (t’ns) car’d
2,763,376 3,435,797
5,059,595
5,797.941
Fr’t (t’ns) mil’ge .669,526,740 819,160,394 1,003,872,726 1,292.984,631
Bate p. ton p. m.
0*582 eta. 0-549 cts.
0*571 cts.
0*545 cts
<
E
Earnings—
$
$
$
1,819,593
940,305
1.612.260
Passenger..........
861,778
6,980,130
5,636,218
Freight.......... :..
3,820,167 4,417,315
388,319
. 217,654
239,505
Mail, express,&o.
313,438
Tot.gross earns 4,899,599
Operating expenses—
Mamt’ce of way.
541,687
297,199
Maint’ ce of cars.
548,464
Maint. o f engin es
125,469
Commerc’l dept.
Transportation.. 1,280,971
General...............
168,138
5,597,125
7,561,916
624,248
313,557
722,042
150,509
1,499,944
173,052
930,936
421,902
1,000,926
212,132
2,061,299
211,415
1,001,501
472,141
1,320.584
252,749
2,685,685
277,107
Tot. oper. exp.
Net earnings....
P.o. op.ex.to earn
3,001,928
1,897,672
61*00
3,483,352
2,113,773
62*00
4,838,610
2,723,306
64*00
6,009,767
3,178,275
65*41
Receipts—
Net earnings___
Other receipts...
1888.
$
1,897,672
147,438
1889.
$
2,113,773
144,148
1890.
$
2,723.306
233,919
1891.
$
3,178,275
*291,645
2,257,921
Net income.. 2,045,110
Disbursem ents—
1,451,265
Int. onhonds.&o. 1,296,551
Div.on pref.stk. (1^)330,000 (3^)660,000
41,609
Miscellaneous...
2,957,225
3,469,920
INCOME ACCOUNT.
2,637,614
319,611
3,338,631
131,289
Total assets..»..................... 61,785,399
Liabilities—
Stock, preferred..................... . 25,000,000
Stock, common.......................i 7,000,000
Bonds (See Su p p l e m e n t ) ___ 26,664,500
939,789
Car trusts................................
98,558,754
135,654
412,137'
* This deficit was met from the “ interest reserve fund” and “ capital
reserve fund.” t The balance of subsidy receivable was $49.111, wip
ing out this deficit, £ This is “ earnings from Federal Government not
yet collectible.” 1 The “ balance receivable from trustees of subsidy
(
wipes out this deficit.
""M ilw au kee Lake Shore & Western Railway.
(F o r the year ending December 31, 1891. J
This road is now controlled by the Chicago & Northwestern
and the annual report, which is merely statistical, is signed b y
Mr. Marvin Hughitt as President.
Statistics for four years, compiled for the C h r o n ic l e , are a »
follows :
-
OPERATIONS AND FISCAL RESULTS.
1890.
700
1889.
692
1888.
660
1891.
711
Miles of road oper’d
Operations—
636.882
711,307
No. pass’gers carr’d.
505,546
547,275
Pass, carried 1 mile. 20,996,318 22,273,484 22,641,258 24,354,535
2*63 e.
Av.ratep. pass. p. m.
2*67 c.
2*62 c.
2*57 e.
No. tons carried___ 2,120.836
2,961,242
2,845,535
3,437,199
Tons carried 1 m ile.191,086,049 264,044.948 293,594,] 39 246,544,773
A v rate per ton p.m.
1=072 c.
1*133 c .
1*131 c.
1*057 c.
$
Earnings from—
$
$
$
626,509
Freight..................... 2,161,683
597,293
2,793,296
2,794,177
Passengers...............
562.083
584,282
3,148.308
113,41$
Mail, express, &c ...
113,016
102,966
97,089
Total earnings___
Oper.exp. and taxes.
2,836,782
1,745,008
3,474,667
1,954,204
3,848,567
2,415,930
3,534,104
2,217,647
Net earnings........
P. c. exp. to eara’gs.
1,091,774
61*51
1,520,463
56*24
1,432,637
62*77
1,316,457"
62*75
Net earnings............
Other receipts..........
1888.
$
1,091,774
12,989
1890.
$
1,432,637
24,866
1891.
$
1,316,457
4,750
INCOME ACCOUNT.
2,266,131
- 1,814,008
(3^)735,000 (8£)1,072,500
88,606
2,152,874
105,047
106,424,308
1,626,551
418,559
1890.5gT 1891.
$
$
809,500
738,835>
T otal............................. 697,704
785,9993|) 945,154 1,150,972
Balance............................ df.*575,632 df. 1497111*'sr.î36,435 d f.fl45 ,6 8 4
9,188,042
Tot.dishnrse’ts
Balance, surplus.
1889.
$
693,000
60,680
32,119
1888.
Disbursements—
$
Interest on 1st M. bonds.. 630,000
Interest on Tex. M. honda.
60,880
Mise., betterments, etc___
6,824
LTV.
1889.
$
1,520,463
15,294
1,535,757
1,457,503
1,321,207
Total net receipts. 1,104,763
* Of this amount $135,000 was “ from the special dividend fund of Interest paid............
748,746
671,499
703,050
579,305
$270,000 provided at the time of the acquisition of the Shenandoah Rental and miscell..
31,764
37,869
39,590
29,593
Valley EE.,” &c.
740,919
703,263
788,336
GENERAL BALANCE SHEET DECEMBER 31.
608,898
T ota l.....................
716,584
832,494
532,871
495,865
1891.
1889.
1890.
Surplus................
$
350,000
300,000
490,000
506,289
Assets—
Dividends................
$
$
7 on pref.86,325,032
96,686,783 Eate of dividend.... 6 on pref. 7 on both. 7 on both.
Eailroad and equipment....... 55,277,507
3,267,000
Bonds of company owned__
4,727,000
*39,781
1342,494
1182,871
£210,295
1,208,600
1,151,500
195,865
1,151,500
Bonds and st ocks of other g o ’ s
B alance................
710,324
340,167
692,713
Materials and s u p p lie s .......
842,900
421,968
1,028,888
t Of this balance $55,000 was used for redemption of bonds,
Accounts receivable..............
491,148
428,003
Advances................................
i In each year $55,000 of the balance was used for redemption o f
732,565
2,746,506
Cash..........................................
2,014’,713 bonds and $105,000 for sinking fund.
3,105,100
3,105,100
105,100
Stock held by Trustee............
168,563
Suspense account....................
Income account......................
Total liabilities...................
1,215,122
34,500,000
9,500,000
48,202,200
722,724
2,000,000
1,470,127
666,171
42,270
1,455,282
61,785,399
Bills and accounts payable..
Accrued interest.....................
98,558,754
521,033
444,955
Panama Railroad.
(F o r the year ending Dec. 31, 1891.^
.
40,000,000
9,500,000
50,943,200
533,314
2, 000,000
1,142,545
820,094
28,177
1,456,977
* Phis is common stock.
Mexican National Railroad. *
( F or the year ending December 81,1891.^
The report of Mr. W . G. Raoul, President, quoted at length
on another page, contains much detailed information concern
ing this important company. The balance sheet and income
account in full also accompany_the President’s report.
Earnings, expenses and income account for four years were
as fo llow s:
The annual report of the President, Mr. John Newton r
states that in 1891 there were extraordinary expenses, as fol
lows :
Construction of two steel launches.............................................. $29,385
Construction of new Caledonia bridge......................................... 11,172:
Paid for certain real estate rights around company’s depots,
7,90$
e t c . .. . . ........................................... - ...........................................
Excess of appropriation for sinking fund above the same item
in 1890......................................................................................... 75,000
Total........................................................
$123,466For the sake of equitable comparison of expenditures in
1890 and 1891 the aggregate above should be subtracted from
the expenditures of 1891, thus leaving those expenditures less
than that of the preceding year by $111,208.
The earnings and income have been compiled for the Chron
as follows:
icle
EARNINGS AND EXPENSES.
Earnings-
EARNINGS AND EXPENSES (MEXICAN CURRENCY).
1888.
Miles operated.......... ......................
Earnings—
$
Passengers........................... 715,869
Freight...................
1,649,348
Miscellaneous......................
89,674
1889.
1890.
1891.
1,218
1,218
1,218
$
$
$
996,956 1,031,174 1,177,297
2,596,096 2,643,819 2,948,939
67,072
79,973
80,186
Total............................... 2,404,891 3,660il24 3,754,966 4,206,422
JUxpenses_
Transportation................... 509,883
795,663
849,072
8 5 8 ,4 5 3
Motive power...................... 820,008 1,261,760 1,240,507 1 ,3 1 2 ,9 9 8
Maintenance o f cars...........
97,278
160,917
171,769
1 6 7 ,2 4 9
Maintenance of way........... 753,199
569,032 459,041
5 1 2 ,6 4 8
Extraordinary....... : ...........
45,082
4,792
2,920
General................................. 115,630
201,269 204,652
1 9 è ’ Ò 54
Total expenses..............2,341,080 2,993,431 2,927,962
666,693
827,004
Net earnings........ ..............
63,811
3 , 0 4 7 ,4 0 2
1 ,1 5 9 ,0 2 0
INCOME ACCOUNT (AMERICAN CURRENCY).
Receipts—
Net earnings........................
Interest and discount.........
Huhsidv receipts............. .
Total..............................
1888.
$
51,049
71,023
............
1889.
$
533)354
9,109
194,425-
1890.
$
661,604
14,671
305,314
122,072
736,888
981,589 1,005,288
1891.
$
8 9 2 ,7 8 8
Í Í 2 .5 0 Ó
1891.
1889.
1890.
1888.
$
$
$
$
114,588
115,579’
221,009
. 563,445
.2,306,078 1,550,815 1,468,597 1,418,21$
26,467
27,242
27,905
.
21,930
.2,891,453 1,799,729 1,609,652 1,561,039
974,76$
.2,036,037 1,220,525 1,027,316
855,416
579,204
* 582,336
586,271
INCOME ACCOUNT.
1888.
$
. 855,416
. 799,205
1889.
$
579,204
358,096
1890.
$
582,336
340,164
1891.
$
586,271
375,963
.1,654,621
937,300
922,500
962,234r
. 377,379
68,000
Subsidy bonds redeemed. .
.1,610,000
.
35,000
Sinking fund.
,.
23,699
360,185
71,000
630,000
35,000
75,000
11,965
351,993
76,000
350,000
35,000
100,000
10,634
347,433
81,000
350,000
35,000
175,000
..2,114,078 1,183,150
. 459,457
245,850
923,627
1,127
988,43326,190
Receipts—
Disbursements-
: Accumulated surplus Dec. 31,1891, $1,580,694.
THE CHRONICLE.
A pril 9, 1862.]
GENERAL INVESTMENT NEWS.
B rooklyn Eleyatod.— The report for the quarter ending
Dec. 81,1891, is as follows :
,—Quar. end. Dec. 31— r— mos. end. Dec. 31 >
a Six
1890.
1891.
1890.
18f 1'
Gross earnings................ £56,597
Operating expenses....... 251,599
471,502
259,523
204,998
3,424
211,979
2,093
Total.......................... 208,422
Int., rental, taxes, & c... 156,667
214.072
160,764
Net earnings.............
Other income .................
Surplus.......................
~51/755
~53,308
| ^ ,8 7 6
491,686
361,190
7,315
|o|’ g|g
ov ,
374,928
4,006
378,934
368.505
320,192
306.505
_________ ___________
62,000
58,742
Central New England & Western—Poughkeepsie Bridge.
— Notice has been given to the holders of the Pough
keepsie Bridge by the Reorganization Committee that
copies of the agreement with the Reading Company may now
be had, and the securities m ay be deposited under its provisions and that duly authorized receipts will be issued therefor*
The reorganization plan contemplates the surrender of the
present securities and the creation of new obligations on the
joint railroad and bridge properties. The new first mortgage
bonds are guaranteed, principal and interest, by the Philadel
phia & Reading Railroad Company, and the new issue of securities will be as follows:
First mortgage, 4 and 5 per cent........ ...............- - .................... $7.250,000
Income mortgage, Series A, 5 per cent, non-cum.................. 1,750,000
Income mortgage, Series B, 5 per cent, non-cum.......... ........ |,100,000
Common stock............................. ............. . — .....................
4,ouu,uuu
Under the plan the holders of each class of security will
receive:
^
, .
,
Poughkeepsie Bridge Company’s bonds—
The holder of each $1,000 bonds, with coupons of February
and August, 1891, and February and August, 1892, attached,
or scrip of such coupons, will receive:
In first mortgage consolidated 4 per cent b o n d s ..........................
In income mortgage bonds, Series B, 5 per cen t.... - - - .......... .
In income mortgage bonds, Series B, 5 per cent for the overdue
coupons and scrip.............................................................................
200
$1,120
Central New England & Western Railroad Company’s first
mortgage bonds—
The holder of each $1,000 bonds, with coupons due March 1
1893, and subsequent, attached, will receive :
. . .
In first mortgage consolidated bonds, bearing interest at 4 per
cent for three years and 5 per cent thereafter........................... $1,000
In inoome mortgage bonds, Series B, 5 per cent, as compensation for reduction of interest..........................................................
100
$ 1,100
Central New England & Western Railroad Company’s gen
eral mortgage bonds.
The holder of each $1,000 bonds, with coupon maturing March
1,1893, and subsequent, attached, will receive :
Income mortgage bonds, series A, 5 per cent.............. .................$i,ouo
Over $17,000,000 actual cash is said to have been expended
in these properties, and when the lines under way are com
pleted they will afford connection in New England with the
New Y ork New Haven & Hartford at several points, the New
Y ork & New England, the Housatonic Railroad, the Nauga
tuck Railroad, the Boston & Maine Railroad, the Connecticut
and the Boston & Albany.
Chesapeake & Ohio.— Messrs. J. Pierpont Morgan, John
Crosby Brown and George Bliss, the voting trustees, give
notice that holders of over two-thirds in amount of each class
of Chesapeake & Ohio Railway Company stock trust certifi
cates having assented to the creation of the securities outlined
in the plan set forth in said company’s circular of Jan. 22,
1892, “ said plan has been carried into effect and securities
have been issued and delivered to us to enable us to proceed
with exchanges thereunder. Holders of our certificates for
first and second preference shares m ay now exchange them
at the office of Drexel, Morgan & Co., 23 W a ll Street, New
York, who will make exchanges, without delay. The basis of
exchange, as set forth by the Railway Company in said cir
cular of January 22, 1892, is :
“ The first preferred stockholders to receive two-thirds of the face
value of their stock in its new 4 ^ per cent general mortgage bonds,
bearing interest from July 1,1892, and one-third in common stock trust
certificates. The second preferred stockholders to receive one-third of
the face value of their stock in like bonds and two-thirds in common
stock trust certificates. Fractions will be adjusted by equitable cash
settlements. The bonds are for $1,000 each, and bear interest from
March 1,1892, and their recipients, under this notice, may either pay
the four months’ interest (from March 1 to July 1), viz., $15 per bond,
in cash, or the company will detach the September coupon and pay
the interest from July 1 to September 1, viz., $7 50 per bond in cash.
Chicago Rock Island & Pacific.— The tracklaying on the
extension being built south of Minco, I. T., has been completed
for about 15 miles south of that town to a point a few miles
beyond Salt Creek, near the W ashita River. The contractors
are constantly increasing the forces at work on the extension,
and it is claimed that about 3,000 men are now employed on
the line through the Indian Territory. The last contract which
has been let for grading ends at Flat Creek, about 10 miles
north of the Red River, and it is not proposed to let any addi
tional contracts until the point of crossing the Red River has
been decided. If the work is not delayed the track will prob
ably be laid as far as the Red River by July 1, and connection
will be made with the roads in Texas in August. The engin
eers passed through Bowie, near Henrietta, last week, and
they are now surveying toward Springtown and Fort W orth.
597
Citizens’ G aslight Co. o f B rooklyn.— A t Albany, April 2.
articles of consolidation of the Citizens’ Gaslight Company of
Brooklyn and the Union Gaslight Company of Brooklyn,
under the name of the Citizens’ Gaslight Company of Brook
lyn, were filed with the Secretary of State. The directors of
the consolidated company are Isaac Gates and C. Weldenfeld,
Orange, N. J .; Thomas E. Stillman, Samuel J. Young, Henry
H Adam s and Elisha J. Dennison, Brooklyn; Charles G
Francklyn, John Byrne, Stephen A . Lathrop, Frank S. Smith
and W . Lewis Boyle, New York City; Frank H . Davis, Elizar
beth, N. J., and Thomas H . Thomas of Bay Ridge. The new
company has a capital of $2,000,000.
D u lu th & W in n ip e g .— The correct figures of gross earnings
f o ? the* twelve X t h s ended Dec. 31 1891 were $35,481 as
against $57,149 in 1890, and for two months of this year $21,345, against $10,782 same period last year. Until Nov. 10,
1891 only 71 miles from Cloquet to Grand Rapids, were
oDerated The present mileage is 97 miles. There was some
e j? o r inthe^1891Pfigmes, as given in the March S u p p l e m e n t .
Edison General E le c tr ic .-T n e quarterly meeting of the
Edison General Electric Company was held at the office of
Drexel, Morgan & C o., Mr. Henry Villard, at the earnest¡solici
tation of the directors, consented to remain in the office of
president. This is supposed to mean that the present man
agement of the Edison Company will continue until the
amalgamation with the Thomson-Houston Company ^ c o m
pleted, when it is said that H . M cK. Twombly is expected to
take the presidency of the consolidated company, I he O JT
IL
other business transacted was the declaration of the usual
quarterly dividend of 2 per cent. It is not yet known how
soon the new stock will be ready for delivery, but in the
meantime dividends will be paid on the certificates of de
posit.
Houston East & W est Texas.— In the Texas State Court, at
Houston, April 7, a decree of sale was entered, the date of
sale being fixed for August 2.
Hudson R iver Tunnel Co.— The N. Y . Herald reports that
Messrs. S. Pierson & Sons, the great London contractors, who
have been constructing the tunnel for years, have filed a
mechanics’ lien against the company for $26,550 in the County
Clerk’s office. Mr. W . R. Hutton, the engineer of the com
pany, expressed regret over the collapse of the project. He
said Pierson Sc Sons are now constructing a similar tunnel
under the Thames. The company has had to stop work before
on account of funds, but it never before had a lien filed
against it. H e said that the tunnel was perfectly practicable,
and if it was once completed it could be disposed of to a rail
road company for millions. He said that the talk of there
being cracks in the steel rings of the tunnel was true, but they
really amounted to nothing. The hopes and calculations of
the engineers who were constructing the tunnel, he said, had
been verified. A tunnel could be driven through the silt of
the North River. Mr. Charles Soov Smith, of Audubon Park,,
is President of the company.
Long Island.— This railroad company has executed a mort
gage of $2,750,000 to the Central Trust Company. The mort
gage secures the same amount of bonds issued to pay for the
Metropolitan Ferrv Company’s franchises, its real estate in
New York and Long Island City, and boats. The East Thirtyfourth Street and the James Slip ferries are the principal
properties recently acquired.
The Herald reports: “ The transfer of the Metropolitan Ferry
Company to the Long Island Railroad includes considerable
real estate, comprising the entire block bounded by Seventh
and Eighth streets, Lewis Street and the East River, {here
are also about fifteen city lots on Thirty-third and Thirtyfourth Streets, and the entire bulkhead from the north side
of Thirty-third Street to the centre of the block between
Thirty fourth and Thirty-fifth streets. In Long Island City
over fifty city lots pass by the transfer. They are located on
Borden Avenue, W est Avenue and W est Third and Fourth
streets. There are also five slips adjoining the property of the
Long Island Railroad, immediately in front of the depot.
M arietta & N orth Georgia.— The Reorganization Com
mittee have agreed upon a plan which will be subrnittecl to
the larger holders, and a majority assent obtained before the
plan is made public.
New York Ontario & W estern.— Notice is given that a
meeting of the stockholders of this railway company will be
held April 20,1892, for the purpose of sanctioning the issue,
by said company, of bonds to an amount not exceeding $20,000,000, payable in gold, not more than one hundred years
after their date, with interest at a rate not exceeding 4 per
cent per annum, payable half yearly, and the execution of a
mortgage upon the railroad property and franchies of the
company now acquired, and that may hereafter be acquired,
to secure the payment of such bonds.
New York Street R ailroads Consolidated.— The Houston
W est Street & Pavonia Ferry Railway Company, commonly
known as the Avenue “ C” line, under its charter has the right
to lease other railways. This road, the Broadway & Seventh
Avenue) the Chambers Street, Twenty-Third Street, the Ninth
Avenue, Sixth Avenue and the Metropolitan (the new East
Side line), have all been brought together under one manage
ment. This was effected by the recent leases of the Ninth
and Sixth avenue roads and the Metropolitan, as the others
were already under control of the Elkins and Widener syndi
cate of Philadelphia. Mr. John D. Crimmins, the well-known
i contractor, was elected President.
593
THE CHRONICLE.
N orfolk W iim i ngton & Charleston.— The incorporators of
the N orfolk W ilm ington & Charleston Railroad at Charleston,
S. C ., recently opened books of subscription to the capital
stock, and $100,000 was quickly subscribed. A meeting of
stockholders was held and the following officers elected:
President, A . A . Gaddis, of Philadelphia; Vice-President, H .
E . Young, Charleston; Secretary and Treasurer, K . S. Tupper,
_ Charleston; Directors, H . E. Young, Thomas Pinckney, and
T. A . Huguenin, Charleston; R. Duncan Harris, New York;
I. C. Naughton and I. N. Baxter, Philadelphia; I. G. Gibbes,
Columbia.
The engineers have completed the survey for the entire
length of the road, 352 miles, and are now engaged in locating
the line. Starting from Norfolk, V a ., the surveyed route
follows almost an air line to Charleston, S. C ., passing through
a section of country which is now almost without railway
facilities. From a point near Kingston, N. C., it is proposed
to build a branch to Columbia, S. C ., a distance of 250 miles.
The road is expected, if built, to lessen the distance between
the North and Florida by over 100 miles. The cost of con- structing the main line is estimated at $6,000,000.
Ohio & M ississippi.— In a circular issued to the English
•shareholders in March Mr. J. F. Barnard, the President, takes
issue with the recent report of Messrs. Kendrick and Greene
as to the amount required to put this road in good shape. It
will be remembered that the amount named by them was
$2,982,000, and now Mr. Barnard, after quoting the testimony
o f Mr. V . G. Bogue, an engineer who made an examination
o f the property early in March, says : “ Finally, we wish em
phatically to state that we stand positively on the last annual
report of the directors to the bond and share holders, wherein
it is stated that six hundred and forty thousand dollars
is all that is at present needed to put the whole main
line and Louisville branch in good condition, and the Springfield division in good condition for the traffic thereon, and to
provide much-needed power and rolling stock ; and that it
would be folly to spend much more than that, except it be
for entirely new work, for which an estimate was given for
two miles, the estimate being $50,000, which is a very large
one, and for placing interlocking of switches and signals at
railroad crossings, which latter were not included in the
statement made in the last annual report above mentioned.”
Philadelphia & Reading.— Gov. Abbett of New Jersey has
vetoed the bill to legalize the Reading leases. H e says that
he has grave doubts of its constitutionality, because it seeks to
suspend the operation of the act of 1885, which makes leases
unlawful. H e remarks:
“ It is plain that members of the Legislature considered that
they were, in passing this bill, pursuing the settled policy of
the State, which has been to encourage rather than to dis
courage the consolidation of railroad corporations having a
common interest in travel and business.
"
“ A careful examination of the A ct fails to disclose any au
thority conferred by it which would authorize or assist any
- combination to control the necessaries of life. There is noth
ing which authorizes a control of prices by the corporations
beyond the natural rule of supply and demand.”
The Governor adds that experience does not show that an
increase in the price of an article transported is a natural re
sult of railroad consolidation where there are other competing
railroad facilities. Only a combination of all the railroads
carrying coal across the State might occasion such a result.
H e is satisfied that there was no intention under the bill to
increase the cost of coal in Ne w Jersey, whatever might be
the effect elsewhere. Even if there was, the bill protected
the public, as it provided for amendment or repeal.
The Governor calls attention to the fact that the combina
tion of roads will reduce the cost of transportation for the
coal companies, and that this reduction is to be the direct out
come of the privileges granted by the State, which means the
people, wherefore the saving ought to belong in part to the
people. The bill does not provide for this. Such a contract
was expected. The Governor thinks that legislative approval
• would be necessary for the validity of any such contract, and
without any such stipulation so approved it would be unwise
to confer the powers sought by the bill. He therefore disap
proves it.
P ittsb u rg Chartiers & Tougliiogheny.— The capital stock
has been increased from $600,000 to $1,000,000. The stock
holders also, at a special meeting at Pittsburg, March 25,
authorized the issue of four per cent bonds to the amount of
$1,000,000, payable in forty years. The new issue is to be used
to retire part of the present bonds, and the balance will be re
served for future improvements and additions to the property
This road is now controlled by the Pennsylvania, which pur
chased it a few months ago — Railroad Gazette.
P ittsb u rg Shenango & Lake E rie.— A t the annual meeting
of the stockholders of the Pittsburg Shenango & Lake Erie
Railroad Company, held at Greenville, Pa., the following
board of directors was elected: Samuel B. Dick, President’
John Dick, John E. Reynolds, Allen M. Cox, Dumont Clarke’
Henry M. Dechert, A . F. Henlin and Thomas H . W ells. A t a
meeting of the board of directors A . C. Huidekoper was
^ ce"^>res^ eilt; J. T. Blair, General Manager; P. E.
McCleary, Secretary, and Daniel Moore, Treasurer.
Richnioud & W est Point T erm in al.— The Richmond Ter
minal Committee gives notice that holders of Terminal securi- ties must decide on or before the 14th inst. whether they will
become parties to the plan formed to protect their property
The deposit of a majority of the securities by the 14th inst.’
[ V o l . L IV .
will unite the interests of their holders in the hands of the
Committee and assure the success of the re-organization.
During the past few days it is reported that the deposit of
securities under the plan has largely increased.
The Central Trust Co. reports that on Friday over 20,000
shares of R. T. common, considerable preferred and numer
ous lots of other classes of securities were received. The total
of the deposits will be named before the closing of the books
on the 14th inst. A majority of the Richmond Terminal se
curities in the hands of th« committee on the 14th will prac
tically mean that the committee is given a control to be used
in the interest of the security holders, and will indicate the
carrying out of the plan as it now exists. The transactions on
the Stock Exchange in the Central Trust Company certificates
indicate a market value equivalent to the securities repre
sented. It is expected that the committee will make applicatian on Monday to list on the Exchange the certificates of
deposit for the East Tennessee securities.
It is probable that the time for the acceptance of the rights
of subscription (given to the stock and 5 per cent bondholders
under the plan) will be extended for the benefit of the regis
tered depositors of such securities as of April 14. The ques
tion upon what terms deposits will be received after that date
has not been determined by the committee, and it is probable
that no action will be taken in this matter until the time
named in the plan has expired.
R io Grande W estern.— This company ha3 reached a point
of prosperity where it issues common stock (at $10 per share)
to pay for the acquisition of new property.
— In the case of Rothschild, a bondholder of the former Den
ver & Rio Grande Western, against this company, the N. Y .
Supreme Court General Term has given a judgment in favor
of the plaintiff on his coupons. This decision, if finally
upheld, m ay not be of much importance to the present Rio
Grande Western Company, but it will be important in its
application to the general rights of bondholders in cases of
railroad consolidations or reorganizations without foreclosure.
Southern Pacific Company.— A t San Francisco, April 6,
1892, the annual meeting of the Southern Pacific stockholders
was held. Of $118,864,000 capital stock $116,903,000 was
represented. President C. P. Huntington presented his annual
report, in which he said: “ The President and directors have
to report that the business of last year has been in the main
satisfactory. The surplus of earnings over fixed and oper
ating or current expenses has been small, owing to many
causes, among which may be mentioned the extreme cost of
fuel and many other articles largely used in operating the
long lines of the company, which Eastern roads are able to
get at much lower prices, and this surplus has been used in
improving your property and thereby adding to the safety of
persons and property that you transport.” The press dis
patch says: “ President Huntington also submitted figures
showing the extent of operations during the year, but these
are not made public.” [A summary of these figures furnished
to the C o m m er c ia l a n d F in a n c ia l C h r o n ic l e was published
in the issue of March 26 on p. 526.] The following board of
directors was elected: C. P. Huntington, Leland Stanford,
Charles F. Crocker, Thomas E. Stiilman, Thomas H . Hub
bard, A . N. Towne, J. C. Stubbs, E. H . Miller, Jr.; S. T.
Gage, H . E. Huntington and George Crocker. The two last
named are new directors, succeeding W . Y . Huntington and
L. V . Brown.
— A dispatch from New Orleans this week stated that the
Cromwell Line of passenger and freight steamers plying
between New York and New Orleans had been purchased in
the interest of C. P. Huntington’s Southern Pacific Railroad,
the owner of the Morgan line of steamers. The N. Y. Herald
report says: “ The capital stock of $1,000,000, and held for the
most part by Mr. Seaman, the Cromwell estate and the Delamater estate, was purchased at a figure slightly below par,
and the new owners assumed control on April 1.”
Tennessee M idland.— A t Richmond, V a ., April 1, at a
general meeting of the stockholders of the Virginia Construc
tion Company, the agreement made by the board of directors
for the disposition of its interest in the securities of the Ten
nessee Midland Railroad Company was ratified by a vote of
about three-quarters of all the stock of the company. This
company, of which A . S. Buford is President, built the Ten
nessee Midland Railway from Memphis to Perryville, Tenn.,
about 136 miles, and held nearly the entire issue of its securi
ties. The price paid is understood to be $2,350,000, of which
$530,000 is cash and the residue guaranteed 5j per cent
bonds. The purchaser is T. J. Moss, of St. Louis, who is the
principal owner of the Paducah Tennessee & Alabama Rail
road, now in operation from Paducah, K y ., to Hollow Rock,
Tenn., under construction to a junction with the Tennessee
Midland, and projected to Sheffield, A la., where connection
I would be secured for Birmingham, forming a through line
from St. Louis to Birmingham.
Toledo St. Louis & Kansas City.— This railroad has com
pleted arrangements for new terminals in St. Louis and
northern St. Louis. Two blocks of land have been secured,
and on these will be built warehouses, depot, &c. Heretofore
the road’s terminals have been in East St. Louis, traffic across
the river being taken care of on the Eads bridge. The loca
tion of the new terminal means that the road will in the near
future use the new Merchants’ bridge.
W e st Jersey.— This railroad has extended the time for
transferring the company’s certificates of special guaranteed
stock into certificates of the common stock to Dec. 31,1892.
THE CHRONICLE.
A p b il 9, 1892.J
% zp & x t$
a n d
NO R FO LK & W ESTERN R AILR O A D C O .
E L E V E N T H A N N U A L REPORT— FOR TH E Y E A R EN DING
DECEMBER 31,1891.
To the Shareholders o f the Norfolk & Western Railroad Co.:
The Board of Directors herewith submits its Report of the
operations o f the Company for the year ending December 31,
1891
PROPERTY.
Ò 99
The average mileage of Passenger Engines during 1891 was
130*06 miles per day per engine as compared with 145*44 miles
in 1890, and of Freight Engines 76*27 miles per day per engine
as compared with 83*09 miles in 1890.
The average mileage of Freight Cars of all kinds during the
year was 36*59 miles per day per car as compared with 35*67
miles during the preceding year. * * *
The carrying capacity of your freight cars shows a steady
average increase. The average number of tons of paying
freight transported in each car has increased from 9*75 tons in.
1883 to 18*11 tons in 1891. * * *
The average number of tons of paying freight transported in
each train has increased from 107 tons in 1883 to 329 tons in
1891.
REVENUE.
Gross earnings.......................................................................... $9,188,042 01
Operating expenses, including taxes................................. 6,009,767 23
Proportion of expenses to earnings, 65 per cent.
Your Company had in operation at the beginning of the year
1,099-77 miles of railroad, 31*40 miles of second track and
Net earnings...............................................................
$3,178,274 78
285*81 miles of sidings.
156,645 42
.......... . . . .......
Y ou r entire property has been maintained in excellent con Other income,—interest, dividends, & c.
dition, and during the year a number of important improveTotal incom e.......................................................................$3,334,920 20
meats and additions commenced during the preceding year To which there was added from the special dividend fund
of $270,000 provided at the time of the acquisition of
were completed and put into operation. These included in
the Shenandoah Valley Railroad by an assessment of
creased terminal facilities at Lambert Point, 11 20 miles of
$66 on each general mortgage bona of that company,
second track, 20*62 miles of short branches to coal and iron
and being 2 years’ dividends on the 45,000 preferred
shares issued in payment for that property....................
135,000 00
mines and 45*24 miles of sidings.
On the Maryland & Washington Division 116*45 miles of the
T ota l.................................................. ......................... . $3,469,920 20
line were thoroughly ballasted, and 7 wooden trestles were Deduct interest charges
replaced by substantial iron viaducts. A brick and iron 22On funded debt........................................... $2,218,194 24
stall engine-house and repair shops were constructed at Shen
On car trust obligations.................. ..........
47,936 28
andoah, and a stone passenger station and brick freight sta
Total interest charges..................................................
2,266,130 52
tion erected at Buena Vista.
W ork upon the Ohio Extension was prosecuted continuously
Net income for the year 1891.........................................$1,203,789 68
throughout the year, and 75 miles, including the bridge over
From which dividends were p a id :
the Ohio River, were entirely completed, of which 52 miles April 23d, 1*3 per cent on 315,000 shares
of preferred »took.......................................
were on the north end and 23 miles on the south end. Of the October 22d, 1 *» per cent on 400,000 shares $472,500 00
grading and masonry on the intermediate section of 115 miles
of preferred stock.......................................
600,000 00
the greater portion is completed, and work upon the remainder
T ota l................................................................................... 1,072,500 00>
is now being vigorously prosecuted. Track-laying and bal
lasting is in progress from both directions, and it is expected
Surplus for the year 1891............................................... $131,289 68
that the entire line will be completed and in operation during Add surplus, Income Acoount, December 31st, 1 8 9 0 .... 1,455,262 25
the year 1892.
T otal...................................................................................$1,586,551 93
Your Company operated during thè year an average of 1,091 There was used for the purchase of bonds under the
miles.
Sinking Fund clause of the Equipment Mortgage........
129,575 00
A t the close of the year 1891 the length of operated line
Surplus December Slst, 1891..................................... $1,456,976 93
owned by your Company was 1,120*39 miles, as follows :
As compared with the previous year, and
for this purpose including the Scioto Val
Main Line.
ley and Maryland & Washington*divi
Miles.
Miles.
sions for corresponding periods, the
Norfolk to Bristol...................................................
408*30
Gross Earnings increased.......................... $610,927 72, or 7 per cent.
Branches................................................................ 36*33
The Operating Expenses, including Taxes,
Roanoke to Hagerstown...................
238*11
increased.................................... .
342,685 08, or 6 per cent.
Branches.................................................................. 21*27
Cripple Creek Junction to Gossan........................ . .„
45*81 And the Net earnings increased................ 268,242 64, or 9 per cent
Branches to iron mines......................................... 2L98
The average gross earnings per mile of your Main Line and
Radford to Powhatan....................................
83*01
21*70
Branches to coal mines..............
Branches were $10,146 47 as compared with $10,116 08 per m ile
Graham to Norton...................
100*40 in 1890, and the net earnings per mile were $3,669 42, as com
Branches to coal mines.......................
6*63
K enovato Columhus....................................................
136*80 pared with $3,563 78 in 1890, and for your entire system the
average gross earnings per mile were $8,421 67 and the aver1,012*43 average net earnings per mile were $2,913 18.
Branches................
107*96
A comparison with previous years, during which the aver-*
Total miles in operation.........................................
1,120*39 age mileage operated increased from 503 miles in 1885 to 1,091
miles in 1891, is shown in the following statem ent:—
In a ddition to w h ich th ere is o f
Second T r a c k
Average Gross Earnings, Net Earn'gs,
Roanoke to Elliston.................................................. 20*00
Y ear .
Miles
per mile.
per mile.
! Christiansburg to Radford....................................... 10*88
Operated.
Bluefleld to Bluestone Junction............................. 11*72
1885..........................................
503
$5,509 19
$2,230 23
Total second track
.......................................... 42*60
1886..........................................
507
6,414 31
2,546 64
And Sidings................................................................... 331*84
1 8 8 7 ..........................................
527
8,073 61
3,360 55542
1 8 8 8 ..........................................
3,501 24
9,039 85
There is under construction—
1 8 8 9 ..........................................
591
9,470 60
3,576 60
1 8 9 0 ..........................................
826
9,154 86
3,296 98
O h io E x t e n s io n :
1 8 9 1 .......................................... 1,091
8,421 67
2,913 18
Powhatan to Kenova....................................... ........
182*87
Branches...................................................................
1*67
The results of operating your lines for a series of years are
Y ou r Company assumed under lease March 1, 1892, the shown by the following comparative statem ent:
operation of
Operating
Gross
Net
T h e L y n c h b u r g & D u r h a m R a il r o a d :
Y ear .
Earnings.
Expenses.
Earnings.
Lynchburg to Durham........................................................115*0 miles.
1885........................... $2,771,120 87 $1,649,291 68
$1,121,829 19
T h e R o a n o k e & So u t h e r n R a i l w a y :
3,252,056 59
1,960,909 36
1,291,147 23
Roanoke to Winston-Salem................................................ 121*3 miles. 1886...........................
2,483,780 21
1,771,013 82
1887........................... 4,254,794 03
3,001,927 13
1888........................... 4,899,598 89
1,897,671 7 6
ROLLING STOCK.
1889 .......................... 5,597,124 58
2,113,772 17
3,483,352 41
1890...........................
7,561,915 97
4,838,610 49
2,723,305 48
Your Company had in service at the beginning of the year
9,188,042 01
1891...........................
6,009,767 23
3,178,274 78
310 locomotives,
175 passenger coaches, and
The growth of the traffic and revenue is shown separately
11,497 freight and other cars,
for passengers and freight in the following tables :
a n d th e addition s m a d e d u rin g th e y ea r con sisted o f
PASSENGER TRAFFIC.
39 locomotives,
1 passenger coach, and
842 freight and other cars,
Passengers Carried.
Earnings. . . . . . . .
•
...
and at the close of the year there were in service
Year.
349 locomotives,
U.S. Malls,
Local.
Through,. Express,xe
Local. Thro’. Total.
Total.
176 passenger coaches,
12,339 freight and other cars.
$
$
%
1885
865,896 22,191 388,087 887,687 62 70,757 77 121,823 34 579,768%
.....................
The following comparative statement shows the number of 1886
882,082 18,187 400,269 422,811 42 63,419 93 125.132 11 611,3634«
.....................
engines and cars in service at the close of each year Per Mile 1887
535,597 23,354 553,951 590,669 49 »4.587 14 126,834 43 81*,091 OS
.....................
1888...... 744,269 26,979 771,248 754,802 93 106,975 22 140,772 53 1,002,550 5 »
of completed road :
1889
808,869 85,117 841,986 802,387 64 137,917 08 157,56* 42 1,097,86714 *
.....................
1885.1886.1887.1888.1889.1890.1891. 1890
1,477,248 41,983 1,519,231 1,436,010 08 176,250 28 221,871 22 1,834,191 58
.....................
1891
1,855,891 31,631 1,887,522 1,645,089 47 174.503 6b 278.132 59 2,097.725 73
.....................
close of year........................ 510 533 554 594 638 1,099 1,120
Locomotive to mile of road.. *25 *19 •27 *29
*30 *28 *31
A s compared with the previous year the earnings from Local
Passenger car to mile of road. *11 *11
*13 *14 *14 *16 *16 passenger traffic increased 15 per cent, and the earnings from
Freight and other cars to mile
o f road.................................. 7*25 7*96 10*09 12*00 12*35 10*46 11*02 Through passenger traffic decreased 1 per cent:
THE CHKONICLE.
6 0 0
FREIGHT TRAFFIC.
1 Tons of Freight Carried.
Earnings.
Year.
Local.
1885..
1866..
1887..
1888..
1889..
1890..
1891..
Thro’.
Local.
Total.
..
957,709 242,081 1,199,790
1,266,601 289.26« 1,555,867
..
..
1,829,516 3/9,172 2,208,688
.
2,363,219 400,157 2,763.376
..
2,892,045 543,75V 3,435,797
..
4,370,716 688,S’: 9 5,f59,595
..
5.090.391 [707.550 .5.797,941
Through.
Miscell
aneous.
Total.
•
$
$
$
1,453,124 01 684,995 97 53,232 16 2,191,35214
49,84 49 2.640/93 13
,6
1,778,457 28 812,389 36
2,531,531 27 873,688 84 37,482 86 3,442,7u2 97
2,979,563 23 840/03 46 76,881 53 3,897,048 22
8,390,720 13 1,026.594 67 81,942 64 4,499,257 44
4,494,965 78 1,141,251 33 91,567 28 5,727,784 89
5,590,322 91 1,889,806 78 110,186 60 7,090,316 29
The earnings from Local Traffic, that is passenger and
freight traffic originating at, or destined to, points upon your
line, were 82-2 per cent of the aggregate earnings.
Comparative tables of passenger and freight statistics for
several years are given below :
PASSENGER STATISTICS.
Year.
No. o f
Passengers
Passenger
Mileage.
Earni’gs. Expenses Profit
Per
Per
Per
Pass’ger Passe’ger Passen
Per Mile. Per Mile. ger Per
Mile.
Cents.
Cents.
Cents.
[V o l . L IV .
FINANCIAL.
A t the beginning of the year your Company had cash on
hand to the amount of $2,746,505 91, of which $1,939,985 27
was set aside for cërtain specific purposes, including the con
struction of the Ohio Extension and improvements to the
Maryland Sc Washington Division, and had maturing during
the year a collateral loan for $2,000,000, and .bills payable to
the amount of $404,594 26.
To meet the Company’s maturing obligations and other
financial requirements, including the construction of the Ohio
Extension Aud such additions and improvements as were ab
solutely required to accommodate the Company’s increasing
business, the 55,000 shares of preferred capital stock which
were authorized by the shareholders at their last annual meet
ing, as well as the 30,000 shares previously authorized, issued,
and held by the trustee of the 100-year mortgage to be applied
specifically to the construction of the Ohio Extension, were
offered to the shareholders through a circular dated May 8th,
1891. This offer to the shareholders was availed of to the
extent of 25,000 shares, and the remainder was disposed of
from time to time during the year.
There were also disposed of during the year :
$605,000 100-year mortgage bonds ;
400.000 Maryland & Washington Division bonds ;
391.000 Equipment Mortgage bonds.
1*250
The proceeds of these sales were applied to the liquidation
1*179
1*308 of the collateral, loan and other indebtedness, and in payment
1*270 of the following expenditures for capital accounts- :
1*198
1*243 General improvements and additions to the property,
1*071
including real estate, sidings, yards and stations.......... $318,396 36
For completion of the Clinch Valley Extension and
As shown above there was an increase in the average earn
branches, and for various small branches to coal
and ore mines, including branches to Cripple Creek
ings per passenger per mile as compared with the year 1890,
Extension............................................. .................... ...........
533,12118
notwithstanding the fact that during the year passenger rates
For second track.............................................................^___
665,973 45
were reduced on certain Divisions of your system m order For terminal facilities............................................................
103,04147
that the rates on the entire system should be uniform. Thi s For improvements to the Maryland & Washington D iv..
618,121 99
increase was due to the decreased proportion in the number of For the Ohio Extension....................... ........ ....................... 2,279,463 47
834,183 74
For equipment........ ................................................. .............
emigrants, excursionists and second-class passengers carried.
The increase in the expenses per passenger per mile as com
Total...................................... . . . I ....................................$5,352,301 66
pared with the previous year was due to the increased train
The opening during the month of June of your Clinch V a l
mileage incident to the opening and operation of branch lines
and extensions without a corresponding increase in the num ley Extension to a connection with the Louisville & Nashville
Railroad at Norton, and'the sudden accession of new traffic in
ber of passengers carried.
grain, flour and other products over your lines for shipment
FREIGHT STATISTICS.
from Norfolk, taxed the resources of your Company to the ut
1 8 8 5 ..........
1886...........
1 8 8 7 ..........
1888...........
1889...........
1 8 9 0 ..........
1 8 9 1 ..........
388,087
400,269
558,951
771,248
841,986
1,519,231
1,887,522
19,151,534
19,580,000
26,703,579
35,385,815
36,392,466
64,086,450
71,394,761
3*027
3*122
3*041
2*833
3 017
2*862
2*938
1*777
1*943
1*733
1*563
1*819
1*619
1*867
most and forcibly demonstrated the necessity for still further
Earni’gs Expenses Profit additional transportation and terminal facilities and increased
Per Ton Per Ton per Ton rolling stock for the prompt and economical handling of the
~ Year.
Tonnage
No. o f
Per Mile. Per Mile. Per
Mileage.
Tons.
traffic, as well as the fact that a greatly increased traffic can
Mile.
Cents.
Cents.
Gents. be secured if proper provision be made.
W ork upon the Ohio Extension progressed slowly but con
0*741
295,788,872
0*443
0*298 tinuously during the year, the expenditures being limited to
1885.......... 1,199,790
0*392
0*263 the Company’s ability to provide the means at no unreasona
0*655
1886........... 1,555,867
403,008,908
0*262
0*373
0*635
1887........... 2,208,688
541,917,945
0*216 ble cost for the prosecution of the work, and it became evi
0*582
0*366
1 8 8 8 .......... 2,763,376
669,526,740
0*344
819,160,394
0*205 dent that to complete the extension to a connection with your
1889........... 3,435,797
0*549
0*192 Scioto Valley Division in time for the movement of the crops
18 9 0 .......... 5,059,595
0*571
0*379
1,003,872,726
5,797,941
1891..........
1,292,984,631
0*548
0*361
0*187 of 1892, as well as for the purpose of having the line in proper
The average rate per ton per mile during the year was 0*548 working condition in time for the Chicago Exhibition in 1893,
cents, a decrease, as compared with the previous year of 0 ,028 it would be necessary to provide, not only the means for the
cents. The average expenses per ton per mile were 0*861 completion of the extension as rapidly as possible, but also for
cents, a decrease of 0*018 cents as compared with the previous increased transportation facilities and rolling stock, without
which it would be impossible to transport the traffic which
year.
upon the completion of the extension will be thrown over
MINERAL TRAFFIC.
The mineral traffic increased during the year 596,015 tons your line.
It was considered necessary to double-track that portion of
over thé previous year. The growth and diversified character
of this class of local traffic is shown in the following state your line from Norfolk to Lambert’s Point, a distance of about
5 miles, and at the latter point to erect an engine-house and
ment :
repair shops and additional yard tracks,.piers and warehouses.
T--------Zinc Other.
Additional yards and sidings and other facilities were required
Iron Pig
Year.
Coal. Coke. Stone. Ore & Miner
Ore. Iron.
Spelter als.
at other points upon the line, and a large increase to both
passenger and freight equipment.
Tons. Tons. Tons. Tons. Tons. Tons. Tons. Tons.
18827.
1,399 13,372
4,735
6,181 3,362 19,262
Owing to the general financial depression and the decreased
48,311
51,915 24,611
54,552 23,762 20,217
1883..
777 23,113 198,947
1884..
49,302 28,591 153,229 56,360 27,718 1,185 30,991 347,376 demand for investment securities, it was impracticable to sell
1885..
60,825 23,209 499,138 48,571 15,623 1,021 36,884 685,271 at satisfactory prices the mortgage bonds your Company holds
65,851 34,917 739,018 59,021 24,451 1,437 36,671 961,366
1886..
1887..
128,696 46,642 992,260 151,171 30,948 8,577 59,25511. 417,549 in its treasury; moreover your Management considered it ad
195.350 95,389 1,343,312 202,808 49,573 15,479 58,50411 960,415 visable that until the completion of your system, which will
1888..
249,374 161,215 1,543,900 310,504 87,965 15,293 ■68,506 2. 436,757
1889..
1890..
480,984 235,844 1,892,969 499,148 187,683 14,420 247,821 3i.558 869 be accomplished during the latter part of this year, the fixed
1891..
539,339 283,590 2,341,226 466,016 247,863 18,672 258,178 4,,154,884 charges should not be materially increased, and the money re
The Coal and Coke transported over your line during 1891 quired for capital accounts should rather be provided through
(mcluding 475,429 tons used by your Company) was 3,282,671 a further increase in the preferred capital stock than by the
tons, an increase of 572,724 tons as compared with the pre sale of the 100-year mortgage bonds, to which the Company
has already and will hereafter become entitled, as by this
vious year.
The growth of this traffic is shown by the following state policy the shareholders will reap all the advantages of future
development through increasing dividends, while the risk of
ment :
weakening the Company’s credit through too large fixed
charges is avoided.
Line Trade
Total Coal
Your Management has great faith in the future development
Tidewater.
(Local).
Year.
and Coke.
of the traffic of the Company’s system, but the interests of the
Tons.
Tons.
Tons.
shareholders will be better served by not overtaxing the in
105,805
«None.
1883..............................
105,805
1884..............................
272,178
None.
272,178 come with fixed charges until an actual considerable increase
278,741
1885..............................
373,246
651,987 in net income has been secured.
1886..............................
569,349
360,286
929,635
To enable the Company to energetically continue its con
566,719
1887..............................
741,875
1,308,594 struction and improvement work, and in pursuance of the
1888..............................
781,949
988,842
1,770,791
1 8 8 9 ...........................
1,135,446
988,803
2.124,249 policy above outlined, $2,000,000 was borrowed from a syndi
1890..............................
1,291,576
1,418,371
2,709,947 cate with the Company’s 100-year mortgage bonds as collat
1891..............................
1,678,806
1.603,865
3,282,671 eral, the loan bearing interest at the rate of 6 per cent per an
The steady increase in local consumption of coal and coke is num, payable within two years, or earlier under favorable
conditions to the Company.
particularly noticeable and gratifying.
To provide for the financial requirements of the Company in
Ores and Iron.— The shipments of iron ores were 539,339
tons, an increase of 58,355 tons, or 12 percent, as compared with the prompt completion of the Ohio Extension, its equipment,
1890. The shipments of pig iron were 283,590 tons, an increase and for general improvements, your Directors recommend
that authority be given for a further issue of 100,000 shares of
of 47,746 tons, or 20 per cent, as compared with 1890.
A pril 9, 1893.J
THE CHRONICLE.
preferred stock, of which, if authority be given, it is not con
templated to issue more than 50,000 shares during the current
year, with the understanding that the same shall first be of
fered for subscription to the shareholders. In making this
recommendation your Management desires to call attention
to the fact that your system has been created and its traffic
developed, not through combinations with other companies,
but by the actual purchase of properties and construction of
new lines, thus necessitating the expenditure of large sums of
money, to procure which your Company has had to make
frequent disposal of its stock and bonds. Upon the comple
tion of the Ohio Extension the main work of construction will
be finished, and your Company will have a comprehensive
system and the direct ownership of over 1,300 miles of rail
road, with such connections with other*lines as will give the
fullest opportunity for the development of both local and
through traffic, and the energies of your Management will be
devoted to that end. W hilst not deeming it prudent to com
m it the Company to a definite line of financial policy for an
indefinite period, yet your Management is of the opinion that
upon the completion of your Ohio Extension the surplus rev
enues and credit of your Company will be such as will enable
it to provide from time to time for such additional equipment
and transportation facilities as will be needed for increasing
traffic by the sale of mortgage bonds at satisfactory prices.
The authority given at the last annual meeting for retiring
the common stock upon some equitable basis has thus far not
been availed of ; your Management recognizes, however, that
fairness to the common stockholders demands that they shall
be placed in a more advantageous position than they now oc
cupy in consequence of the considerable increase which has
taken place in the preferred stock, and that it will be advan
tageous to the credit and standing of the Company to have
the two classes of stock merged into one upon which dividends
can be paid, and it will continue to endeavor to bring this
question to a satisfactory solution.
Of the bonds issued under the Equipment Mortgage of June
1, 1888, all had been disposed of in the acquisition of equip
ment prior to the close of the year 1890, excepting those re
served by the trustee for retiring outstanding Car Trusts of a,,
previous date. In anticipation of the future requirements of
the Company there was created, December 30,1891, under
authority given at a meeting of the shareholders held Decem
ber 15, 1890, the “ Equipment Mortgage of 1893” for $5,000,000, interest at 5 per cent, and maturing in 1913. A sinking
fund of 3 per cent per annum, payable from and after January
1, 1893, on the bonds outstanding, is provided, to be applied
from and after July 1, 1893, to the purchase and redemption
of outstanding bonds issued under the mortgage. The right
is reserved by ihe Company to redeem the bonds at par and
interest at any time after 10 years. Your Company now
holds in its treasury $650,000 of these bonds, which it has re
ceived from the Roanoke Machine W orks in settlement of ad
vances to tha*t company, and which amount was used by that
company during the past two years in building equipment.
AUXILIARY COMPANIES.
R o a n o k e M a c h in e W o r k s .— The operations of the Roanoke
Machine Work3 for 1891 resulted in net income, after the pay
ment of interest on funded debt, and after charging off $25,493 20 expended for repairs and improvements to the works,
of $18,466 13, which, added to the surplus income carried for
ward from the preceding year, amounted to $83,041 54, from
which dividends were paid upon its capital stock amounting
to $79,306, leaving a balance of surplus income of $3,735 54.
The receipts of your Company from this source are included
in your Revenue Account in “ Other Income.”
V ir g in ia C o m p a n y .— The balance-sheet accompanying this
report shows in detail the property which the Virginia Com
pany now owns. The net income of the Company for 1891
was $49,790 54, from which dividends were paid amounting
to $45,000, leaving a balance of surplus income of $4,790 54.
Your revenue account includes receipts from this source.
CHANGES IN ORGANIZATION.
It is with great regret that your Board records the death on
May 27, 1891, of Mr. Everett Gray, of London, whose connec
tion with the Company dates from soon after its organization
in 1881, from which time, as its representative abroad and as
a member of the Board for several years, he was active and un
remitting in advancing its interests.
The vacancy thus
created has been filled by the election of Mr. W illiam Vivian,
of London.
A vacancy also occurred in the Board through the resig
nation of Mr. W . C. Houston, Jr., which will be filled by the
shareholders at their annual meeting.
CONNECTIONS.
The through traffic of your system for 1891 amounted to
707,550 tons of ¿r eight and 31,631 passengers, and yielded a
revenue of $1,564,310 44, or 17‘8 per cent of the total earnings.
The traffic interchanged with the East Tennessee Virginia
& Georgia Railway was affected by the general business de
pression, especially in iron and other industrial enterprises.
The tonnage interchanged decreased from 794,225 tons in 1890
to 608,463 tons in 1891, but the revenue therefrom increased
from $1,236,541 04 in 1890 to $1,252,261 21* in 1891; the coke
shipments to points upon that line decreased from 185,938
tons in 1890 to 92,703 tons in 1891, a decrease of 93,235 tons.
The number of passengers interchanged decreased from 47,497
in 1890 to 40,042 in 1891, a decrease of 7,455; but the passenger
earnings increased from $202,822 33 in 1890 to $224,364 38 in
1891, an increase of $21,542 05.
60 1
The connection of your Clinch Valley Division with the
Louisville & Nashville Railroad at Norton was completed
during the month of June, and resulted in an immediate in
terchange of traffic which taxed to the utmost the facilities
of your Company.
The lack of adequate transportation
facilities and equipment prevented the development of this
traffic to its full extent. For the 6 months following the com
pletion of the connection the traffic interchanged amounted
to 167,294 tons and 1,377 passengers; the Gross Earnings of
your Company from the freight traffic interchanged with the
Louisville & Nashville Railroad being $253,482 09, and from
passengers $5,478 97.
In order to facilitate the interchange of traffic with the
Louisville & Nashville Railroad and its connections, a fast
freight line was organized, designated the Cumberland Gap
Despatch Line, which is now in satisfactory operation.
The “ Great Southern Despatch,” the fast freight line estab
lished in 1884, and which operates between Northern and New
England points over your Maryland and Washington Division
and main line, and Southern and Southwestern points reached
by the East Tennessee Virginia & Georgia Railway and its
connections, has, through the co-operation of the Pennsyl
vania Railroad Company, been strengthened by the estab
lishment of new agencies and opening up of additional terri
tory, and it is believed that the business of this line will be
largely increased.
A n important additional connection was effected during the
year at Hagerstown, Md., the northern terminus of your
Maryland & Washington Division, through the completion
by the Philadelphia & Reading Railroad Company of its line
to a connection with the Western Maryland Railroad, thereby
affording your Company an additional communication with
interior Pennsylvania and Northern and New England points,
and improving your Company’s facilities for shipments o f
pig and manufactured iron and cotton to manufacturing dis
tricts of the North and East, and enabling your Company to
receive additional shipments of anthracite coal, machinery,
and manufactured products for distribution to points upon
your own lines and its connections.
The necessity for improved arrangements for the transaction
of passenger traffic with the city of Washington, the capital of
the country, and which, according to the Census of 1890, had a
population of 230,392, becomes more apparent each year.
During the past year, through improved facilities extended to
your Company bv the Baltimore & Ohio Railroad Company
for the interchange of passenger traffic at Shenandoah Junc
tion, the number of passengers carried over your lines to and
from Washington increased from 15,020 in 1890 to 17,033
in 1891.
Your management appreciates the fact that to properly de
velop the Company’s local traffic, it is necessary to effect close
relations with connecting lines, and when practicable to in
crease the number of such connections; as by such means
more extended markets are obtained for the products of agri
culture and the manufacturing industries upon your lines.
In previous annual reports mention has been made of the
Lynchburg & Durham Railroad and the Roanoke & Southern
Railway, and it has been shown that upon the completion of
these lines to connections with your system they would both
serve as valuable feeders and facilitate the further develop
ment of the coal and other traffic of your line. Negotiations
were in progress during the year which resulted in your Com
pany assuming the management and operation of both com
panies on March 1, 1892.
The Lynchburg & Durham Railroad as constructed is 115
miles in length, and extends from Durham, N . C., to a point’
on the Richmond & Danville Railroad about 3 miles south
of your line at Lynchburg. It has been found impracticable
to interchange traffic with that line except through the con
struction of a direct connection.
Your Company already
owns a branch or belt line extending partly around the
city of Lynchburg, its present terminus being about
miles
from the present terminus of the Lynchburg & Durham Rail
road. Under the arrangements as effected, your Company
agrees to complete this belt line to a connection with the
Lynchburg & Durham Railroad, and to operate that property
under a lease from March 1 1892, for a period of 1 year,
during which time your Company has the option to continue
the lease permanently, conditioned upon the payment by your
Company of an annual minimum rental of $100,000, or to
purchase 11,630 shares of the capital stock (out of a total issue
of 18,763 shares) and its entire issue of $2,012,000 5 per cent
bonds, for $ t,433,838. Under the terms of the temporary
lease your Company agrees to operate the road for 65 per cent
of the gross earnings, exclusive of taxes, which-are to be paid
out of the 3 5 per cent to be paid to the Lynchburg & Durham
Railroad Company.
The Roanoke & Southern Railway extends from Roanoke,
V a ., to Winston-Salem, N. C ., a distance of 121 "3 miles. A
portion of this line has been in operation for about a year, the
remaining or northern portion having been but recently com
pleted to a connection with your line. Under the arrange
ment as effected your Company acquires the ownership of
18,378 shares of capital stock out of a total issue of 23,964
shares, and undertakes to operate the road under lease, your
Company paying over any balance that remains from grosa
earnings after paying operating expenses and taxes, interest
on bonded debt, and such improvements and additions as m ay
be necessary, your Company guaranteeing the principal and
interest of an issue of $2,041,000 5 per cent mortgage bonds ;
the former owners of the property depositing with your Com -
60 2
THE CHRONICLE,
[V o l . L IV .
pany an amount estimated as being sufficient to put the road very remunerative. The character of the soil and abundant
in proper working condition, and depositing with the trustee water supply should render this section particularly attractive
o f the mortgage an amount of money sufficient to pay the in to emigrants from such countries as Switzerland, Germany
terest on the bonds for a period of one year.
and Belgium, and your Management will make special efforts
Through the control and operation of these two properties to bring these facts to the notice of immigrants seeking desir
your Company now has direct connections with all the im able homes and remunerative occupations.
portant railway lines in North and South Carolina and the
Upon the completion of your Ohio Extension, which will be
South Atlantic seaboard, and it is confidently believed that effected during the present year, the main work of construc
this will result in very considerable interchange of traffic be tion will be completed, and your Company will own and con
tween those States and Northern and Northwestern points trol a comprehensive system of railroads aggregating more
reached by your system, and that the advantages derived will than 1,500 miles in length, capable o f indefinite local develop
ment, and so situated as regards connections with other rail
more than compensate for the liability assumed.
roads and terminals at Norfolk as to enable it at all times to
CONCLUSION.
control a reasonable proportion of through traffic, and so con
The year 1891 being one of general business depression, dur
structed as to grades and physical condition as to permit of
ing which the selling price of iron and its products reached a economical operation.
lower level than at any previous period, and following, as it
A t present your system is disjointed, your Scioto Valley
did, a period of great activity, it was but reasonable to expect
Division being separated from your main line by the uncom
that the industrial developement upon your line being o f re
pleted portion of the Ohio Extension ; consequently the traffic
cent growth would suffer a temporary check, and to a greater
of that Division is almost exclusively local. Even in its pres
extent than would have been the case had the mining and
ent isolated condition it is a profitable division of your line,
manufacturing industries been of longer standing, and more
contributing for the year 1891 $788,654 to the gross earnings
firmly established; but as a matter of fact, whilst the business
and $332,677 to the net earnings of your system, and upon the
depression temporarily retarded, it has not prevented, the
completion of your Ohio Extension a large volume Of new and
steady industrial growth upon your line.
additional business in both directions will be thrown over that
Many new industrial works were under construction at the
Division, which will greatly augment its earnings.
beginning of the year, the greater number of which have been
The completion of the Cripple Creek Extension of your
completed, and some have been put into operation, but others
have postponed going into operatian until additional working North Carolina Division, from Ivanhoe to Speedwell, a dis
tance of about 17 miles, through one of the richest mineral
capital can be secured 'and better prices obtained for manu
sections tributary to your lines, has been in contemplation for
factured products.
some time past, and considerable grading has been done; but
The past season of business depression has been beneficial in
causing the cessation of speculation, which had tended to force its completion has been delayed for several reasons, one being
the desirability of the proper development of the territory con
prices of town lots and mineral lands above their real values,
and also in making it necessary that not only should the new tiguous to the completed portion of the North Carolina Exten
sion before opening up additional territory. The building of
enterprises be provided with ample working capital, but that
their management should be most efficient and economical. many new iron furnaces during the past few years renders it
advisable that this work be now completed.
The result will be that the works which have been established
It will also be necessary during the present year to construct
upon a substantial basis will be in a position to take advantage
of the revival of business and a return of general prosperity. engine houses and repair shops at Norton, Kenova and Lam
Very few failures have occurred, and in almost every instance bert’s Point, and to enlarge the engine house at Bluefield. A t
the older manufacturing concerns upon your line have not Lambert’s Point one or more additional piers and warehouses
only continued in successful operation but have paid substan will be required, your terminal facilities at that point being
inadequate even for your Company’s present business.
tial dividends upon the capital invested.
W ith the constantly increasing traffic and consequently in
The function of a railroad being the transportation of pas
sengers and freight, and the encouragement by every legiti creasing number of trains, it will be necessary from time to
mate means of the development of the resources of the terri time to construct additional yard and passing sidings and sec
tory tributary to its lines, the providing of ample equipment ond track;
Your Management is confident that the general business
for the prompt transportation of all marketable products is
the most practical, effective and convincing means of encour conditions upon your line are such as to justify the belief that
a very large increase in traffic and revenue is now solely de
agement that can be furnished.
Your Company, through the construction of branch lines pendent upon suitable provision being made for the prompt
and extensions, has opened up an extensive territory exceed and economical handling of the business which can be obingly rich in mineral and agricultural resources, and capable i tained, and with the additional transportation facilities as
of furnishing to your lines a constantly-increasing volume of now contemplated provided, and ample additions made to the
business, and to secure an adequate return for the expendi rolling stock, the earnings of your Company for the coming
tures incurred it is necessary that each and every year large year will be satisfactory to the shareholders.
The Treasurer’s condensed balance sheet, and a statement
additions be made to your equipment. The way having been
prepared, it now remains to provide the means in the shape of and description in detail of the funded debt of the Company,
is hereto appended. For full statistics of the operations of
cars and engines.
The growth of business has followed so closely upon the your line you are referred to the reports of the Comptroller
opening of new territory, and has been so rapid and continu and of the Vice-President and General Manager, which will
ous at all points upon your line, that although liberal additions be published in connection with this report.
The Board takes pleasure in acknowledging the ability and
have each year been made, your Company has at no time had
fidelity with which the officers and employés have discharged
equipment sufficient for. its requirements.
Your passenger traffic has increased from 215,904 passengers the duties intrusted to them during the year.
By order of the Board,
carried in 1881 to 1,887,522 passengers in 1891, and your freight
F. J. K IM B A L L ,
traffic from 538,102 tons in 1881 to 5,797,941 tons in 1891.
President.
Your mineral traffic alone has increased from 48,311 tons in
1882 to 4,154,884 tons in 1891, results sufficient to justify the
N o te .— This preliminary report is printed for the informa
most sanguine expectations as to the future.
The results of the operations of your Company show that tion of shareholders prior to the annual meeting to be held at
your earnings have increased year by year in proportion to Roanoke, Virigina, Wednesday, May 4th, 1892. The full re
the equipment provided, and that for every $1,000,000 worth port, containing complete statistics as furnished by the heads
of cars and engines placed in service, your Company has of departments, will be ready for distribution about that time.
earned annually an average of about $930,000, a 3 is shown by
the following statement :
CONDENSED BALANCE SHEET.
Value o f new Roll Increasein Gross
G e n e r a l L e d g e r N o r f o l k & W e s t e r n E R . C o m p a n y D e c . 31, l i 91.
Gross
ing Stock acEarmngs over
Earnings
Assets.
Tear.
quired during year.
previous year.
fo r year.
1885
................
$100,267
$87,082,450 04
$59,968
$2,771,121 Railroad premises, property and franchises
Rolling stocK.....................................................
1886
................
335,052
9,071,018 06
480,936
3,252,057
1887
................
1,164,333
1,002,737
4,254,794 Car Trusts, additional rolling stock
Chargeable to principal.....................
$453,11115
1888
................
1,087,597
644,805
4,899,599
Chargeable to interest.....................
80,203 24
1889
................
802,550
697,526
5,597,125
1890
................
2,573,592
533,314 39
1,964,791
7,561,916
1891
............................ 900,850
Common stock held by trustee of 100-year mortgage 5
1,626,126
9,188,042
per cent loan.................................................................. ...
105,100 00
Investments in other companies
$6,964,241
$6,476,889
' Roanoke Machine Works Eirst Mort
Your Management has been earnest and active in promoting
gage bon d s.........................................
$500,000 00
the development of all the resources of the country tributary
Roanoke Machine Works stock, 4.167
shares..................................................
364,600 00
t o its lines, and so far as the mineral development is con
Virginia Company stock, 993 shares..
99,300 00
cerned with gratifying results. The agricultural development,
Old Dominion SS. Co. stock, 1,876
however, has not kept pace with the demand for farm pro t shares ...................................
187,600 00
ducts, due to the rapidly-increasing population in the mining
1,151,500 00
Materials and supplies..................... ; ................................
an d manufacturing districts.
710,324 49
Accounts receivable (current balances)..........................
1,028,887 89
This is particularly the case in the Pocahontas coal field, Mortgage bonds owned by the Company
where the large and constantly increasing population has cre
i Equipment Mortgage of 1 8 9 2 ............
$650,000 00
ated a pressing and growing demand for agricultural and <100-Year Morigage................................ 4,077,000 00
4,727,000 OO
dairy products, which now come from distant markets
Cash
largely in the shape of canned goods.
5 General a ccou n t.................................... $1,733,375 54
In close proximity to the coal fields there are many fertile l Set aside for specific purposes............
281,337 28
2,014,712 82
valleys, admirably adapted to division into small dairy and
.truck farms, which, if intelligently managed, can be made
$106,424,307 69
THE CHRONICLE
A pril 9 , 18fc2.J
Liabilities.
Capital stock—Preferred......................... $40,000,000 00
9,500,000 00
* Common.............
Funded Debt
Divisional Liens.
(N orfolk & Petersburg RR. Co.......
$496,000 00
3 Soutbside RR.Co.............................• 1,013,300 00
(Virginia & Tennessee RR. Co....... 1,990,900 00
Norfolk & Western RR. Co.
' General Mortgage............................ 7,283,000 00
New R irer Division 1st Mortgage. 2,000,000 00
Improvement and Extension Mort. 5,000,000 00
Adjustment Mortgage...............—
1,500,000 00
Convertible Debenture bonds.......
525,000 00
Clinch Valley Division 1st M ort... 2,500,000 00
• Equipment Mortgage loan, 1888.. 4,376,000 00
677,000 00
Equipmont Mortgage of 1892.......
100-Year 5 percent Mortgage loan 11,682,000 00
Scioto Valley & N. E. RR. Co. First
Mortgage....................................... 5,000,000 00
Maryland & Washington Division
First Mortgage .............................. 6,900,000 00
Car Trust Lease Warrants, principal...
k,“
k
“
interest___
$453,111 15
80,203,24
Collateral loan........... ....................... .. ...............
Bills payable................................................... ......... .
Deferred payments account real estate............... .
Accrued but unmatured interest on funded debt.
Accounts payable (current balances)...................
Surplus of income Dec. 31st, 1891........................ .
$49,500,000 00
50,943,200 00
533,314 39
2, 000,000 00
121,250 00
28,176 65
820,094 33
1,021,295 39
1,456,976 93
$106,424,307 69
* Includes $105,100 common capital stock deposited with trustee of
100-year mortgage 5 per cent loan.
WM. G. MACDOWELL, Treasurer.
MEXICAN N A T IO N A L R AILR O A D C O .
F IF T H
A N N U A L REPORT— FOR TH E F ISC A L
E N D IN G DECEMBER 31, 1891.
YEAR
N e w Y o r k , March 18,1892.
To the Stockholders and Bondholders:
The Board of Directors herewith submits a report of the
operation of your property for the year ending Dec. 31, 1891.
Earnings from operation of the road, in Mex. currency. $4,206,422 74
Cost of working road........... ................................................. 3,047,401 56
E
--------------------Net over cost of working road....................................... $1,159,02118
Equivalent in U. S. currency......................................... $927,216 94
From which deduct the following repairs and
replacements not properly chargeable to Capital
Account :
Increasing number of ties to the mile and bal
lasting Old line.......................................................$41,06530
Replacement rails, Texas Division..................... ..106,490 64
Replacement, locomotives..............
9,524 80
Replacement of cars................................................136,26115
Replacement of bridges........................................... 22,052 27
Stations and warehouses....................................... 18,84989
Additions to track and right of way grounds. 1,720 64
--------------335,964 69
Balance remaining..................................... ...................
$591,252 25
From which deduct the following general ex
penses not included in the cost of working the
road :
Expenses, collection and distribution of Sub
sidy..................................................................... $4,625 10
Expenses, London Agency................................ 9,222 23
Interest and discount....................................... 1,124 01
Exchange........... ................................................. 51,796 14
Expenses in connection with settlement of
debts, old Com pany....................................... 9,405 04
laa»
--------------- ¡76,17252
Net over all expenses, renewals and replacements...
From which deduct earnings from Federal Government
not yet collectib le............................................................
$515,079 73
Net result available for interest..........................................
Received from Subsidy Trustees, on account of interest
deficiency for 1891.............................................................
$480,650 55
34,429 18
258,184 45
Total available funds.................................................... $738,835 00
Paid interest on Prior Lien Bonds to Dec.
1, 1891....................................... .................... $677,930 00
Accrued interest for month of Dec , 1891...
60,905 00
MB
•
------------------$738,835 00
Further details of the earnings and expenses, and the finan
cial condition of the Company, m ay be seen by reference to the
statements of the Treasurer and of the Trustees of Subsidy
published herewith.
EXPLANATORY LOF THE ABOVE CHARGES. AGAINST NET
INCOME
The report of las* ear explained the necessity for deducting
from income the tern designated as “ Earnings from Govern
ment not yet collectible.”
p The earnings of the Company are practically all in Mexican
fe
silver dollars, while our obligations, outside the limits of the
country, which form a large portion of the expenses of the
Company, and all interest obligations, are in standard gold
dollars of the United States. The books of the Gompany are
kept in both currencies, and an arbitrary discount of 20 per
cent is adopted for; the purpose of accounting. The actual
transactions in the conversion of silver into gold are seldom in
exact accord with the arbitrary rate and the difference, as it
603
[ m ay be more or less, is carried to the debit or credit of Ex-r.
change Account. Under this method the gain by reason o f
' the average rate of exchange ruling higher than 20 per cent
in 1890 produced a credit to Exchange Account of $14,670 60,
while for 1891 the low selling price of silver produced the
debit above shown of $51,796 14. This explanation is deemed
advisable in order that you m ay have brought clearly before:
you how largely the net income of the Company is affected by
the price of silver, and that the amount debited against in
come for account of exchange, represents the discount beyond
the arbitrary rate of 20 per cent.
A t the close of the year the amount remaining of the fund
of $217,000 appropriated by the Matheson-Palmer agreement
to pay debts of the Old Railway Company was $49,583 60. The
Mexican National Construction Company alleges a claim
against this fund of $104,244 10, and interest from October 1,
1886, the alleged balance of an open account against the Old
Railway Company existing at the date of the Matheson-Palmer
agreement.
The position of the Board is, that the Matheson-Palmer
agreement compromised and settled all money obligations of
the Old Railway Company to the Construction Company, and
that the Construction Company is indebted to your Company,
as successors to the Old Railway Company, for $207,000 of Car
Trust certificates and coupons. Car Trust certificates and cou
pons to the amount of $232,200, together with sundry other
things, were accepted by the Railway Company in a settle
ment made between the Construction Company and the Rail
way Company July 31, 1884, in payment of the balance then
due in open account to the Railway Company by the Construc
tion Company. The Construction Company was given credit
for this sum and the said amount carried on the Railway Com
pany’s books as “ Certificates and Coupons Receivable,” on
the faith of the Construction Company’s promise to deliver the
same. Later on, the Construction Company delivered-$25,200
of the coupons, leaving a balance due of $207,000, as above
stated. No part of the $2,600,000 of First Mortgage Bonds paid
to the Construction Company under the terms of the MathesonPalmer agreement, article V , for the purpose of liquidating
Car Trust certificates and coupons was ever paid to the Rail
way Company in lieu of the said certificates, and the said
amount is still due.
■ In addition to this, the Construction Company became in
debted to the Railway Company in the sum of $66,328 79 for
the sale of supplies from 6tore-houses on the line, after said
supplies became the property of the new Company, under Arti
cle V I I of the Matheson-Palmer agreement, and for sundry
minor items.
The Construction Company disputed this position with th e.
Board, and after a fruitless effort at arbitration brought suit
for the amount of this claim.
The item “ Expenses in connection with settlement of Debts
of old Company ” in the above statement, of $9,405 04, repre
sents money paid out for legal and arbitration expenses, and
amount paid to the American Surety Company of $1,700 for
making a bond to vacate an attachment which the Construe-,
tion Company had levied upon the bank account and other
property of your Company in New York at the time of institu
ting its suit.
A s you are aware, it has been necessary to expend large
amounts of money during the past several years to bring u p
the condition of the old line and its appurtenances and for re
placing much of the old equipment. To have charged these
sums into the working expenses would have given no adequate
idea of the legitimate cost of working the road, and fluctuating
as they necessarily are, it would have destroyed the usefulness
of comparisons with previous periods and of comparisons
with the working expenses of other lines, always.very valuable
to the managing officers. These expenditures have therefore
been carried in special accounts and deducted from the income
of the Company at the end of the year.
The criticism has been made that under this policy the se
curity holders cannot obtain from the published monthly re
ports of earnings and working expenses a satisfactory knowl
edge of the actual net results.
To meet this, it has been
decided to issue in future a full statement of all expenditures,
showing the distinction between those for working the road
and those for extraordinary renewals and replacements.
The item deducted for the replacement of bridges would
seem to represent repairs that belong to working expenses. Ifc
does not. In the original construction of the old line, quite a
number of waterways were provided with stone abutments
and piers, but completed with a superstructure of temporary
woodwork. The expenditure represents the repairs of such of
this stone work that was improperly built originally, and the
replacement of the temporary wood work with iron girders.
A proportion of the expense equivalent to what would have
been working repairs has been charged into the working ex
pense accounts.
The management has never been unmindful of the fact tha
the hope of any surplus from the earnings applicable to inter
est on those securities junior to the Prior Lien Bonds de
pended, aside from the growth to be expected in the business
of the country,, upon judicious application of liberal sums
upon the road and equipment, in order to fit it for operation
with proper economy and prompt movement of traffic. This
policy has been followed out to the fullest extent compatible
with the limitations placed by the income mortgages upon the
character of expenses, and limited further as they have been
by the amounts that could be withdrawn from the working
capital during any one year.
604
THE CHRONICLE.
[VOL. LTV.
Some of the unfinished work on the new line was completed
From the date of your enterprise to the time the through
Sue was opened, near the close of 1888, there was expended during the year at a cost of $2,290 83 and charged against the
npon betterments and additions, from the fund provided by capital reserve.
In November last it was thought advisable by your Board to
the reorganization agreement, $253,381 92. During this time,
re-establish the office of Second Vice-President, and Mr.
frnd in fact later, large improvements were constantly being
made in physical condition, the expenses for which were in Gabriel Morton, the Treasurer of the Company, was elected to
separable from working expenses, and which contributed to fill the position. A t the same time steps were taken to
remove the Treasurer’s office to the City of Mexico, with a
the high working percentage of those years. Since 188o there
view of concentrating the accounting work of the Company
has been expended from the Betterment Fund for betterments
in one place and adding the strength that such concentration
and additions, $446,476 97, and from Income for extraordinary
would naturally give to the managing force there.
replacements and renewals, in 1890 $108,155 32, m 1891 $335,TRAFFIC.
9 6 4 69, making a total expenditure b e y o n d working expenses
for improving the condition of the line of $1,143,978 90.
The total increase of gross earnings this year from all
There are many improvements yet desirable, and for wbicn
sources is.......................................... - ................. . . ................. $451,456 38
money could be expended with confidence in large returns Increase from passenger traffic and miscellaneous earnings. 146,336 10
upon the investment through the advantages it would bring
Leaving an increase from freight traffic o f.....................$305,120 28
in facility and economy of operation; yet they are of sue a
character that it is practicable now to extend the work over
During the year a slightly better average rate on the whole
longer periods and greatly lighten the annual burden the in traffic was maintained, and the proportion of the increased
come of the Company has heretofore borne.
freight traffic earnings due to this cause was $79,346 64,
The management believes it is not overstepping the limit oi leaving $225,773 64 as the proportion due to the increased
conservative expression due in an annual report to say that it tonnage. The increased.number of tons transported this year
looks with much confidence to improved results in the future. over last is 30,711, which represents the equivalent of 16,337,Assuming that a business equivalent to that of last year may 149 tons transported one kilometer.
be sustained through the coming year, and in view of the re
The ruling of the United States Treasury Dept., referred
duction in expenditures for extraordinary account now con to in the last report, had the influence of greatly limiting
templated, it seems clear that the net earnings will provide the export ore traffic, but it also resulted in producing smelter
the interest on the Prior Liens, and that all the collections plants in the Republic, and the influence upon our aggregate
from the Subsidy m ay be appropriated to the cancellation of ore traffic has been favorable. The earnings from export ore
those bonds, and if we should have for 1892 the same percent aud bullion have fallen off, as compared with last year,
age of growth in the traffic as the Company has experienced $13,709. The earnings from local ore and bullion have increased
for the past two years, it seems reasonable to expect a surplus $104,314. There is a large smelter plant at San Luis Potosi
at^the close of the year applicable to interest on its “ A bonds and another at Monterey that have been put in blast during
the past 30 days. These will more than double the smelter
OPERATIONS.
output on our line, and it is hoped that a much larger traffic
The following are the comparisons of the results of this year
will result therefrom during the coming year.
with the la s t :
It was stated in the last annual report that the discontinu
,n
Mexican Currency
ance of the use of a part of the El Salto Line by the Hidalgo
G » B8e a r n i 4 » f t o r ” i a v . . . ..............................................
Gross earnings from road last year..................................... ¿,7 54,9bb ao Road for bringing its traffic into the City of Mexico would re
sult in a decrease in the earnings of that branch. The decrease
Increase m gross earnings..................................... . . . . $451,456 38 has amounted to $37,504 25. It is all attributed to the above
cause, because the net earnings left to the line are more than
Cost of working the road..................................................... $|’ q27 Ofil 89 it ever before made during its existence, except during the
Cost of working road last year............................................ +.,927,9bi «9
time it was used by the Hidalgo Road.
Increase in working expenses....................................... ....$119,439 67
The Matamoros Line has barely paid expenses. A drought
that prevailed in that section of the country during the year
Net over cost of working r o a d .......................................... $1’ a l 7’ o n i 47
Net over cost of working road last year............................
8 4 /, qua a / affected its earnings to a much greater extent than was possi
ble to be offset by reduction in expenses.
net.......................................... ...................
$332,016 71
The earnings from the Texas-Mexican Road, as compared
Increase m
with last year, have fallen off about $34,000 (United States
72-45
Percentage of gross earnings for working road.
77-98 currency). A portion of it is due to the failure of rains along
Percentage last year...............................................
the line, which decreased its local traffic, but a study of the
5-53 statistics develops the fact that the decrease of earnings is dis
Decrease in working percentage..................................
tributed over every class of its traffic.
* .
Percentage of increase of gross earnings this year over
Some work was done during the year by private companies
12-02
vear previous............ ..................... - ....... ........................toward improving the harbor of Corpus Christi. They are
Percentage of increase of net earnings this year over
40-15 sanguine of success, and their plans appear to be well consid
year previous.
ered, but a lack of money has prevented any practical result.
Of the large expenditures upon extraordinary accounts
If this is ever accomplished it is believed the Texas-Mexican
during the year, $335,000 were for those purposes that con
Road will be converted into a paying property.
tributed directly to the improvement of the property and
FIRST MORTGAGE BONDS AND SUBSIDY.
economy of future operation. It has left the property under
In March last the Trustees of the First Mortgage Bonds and
better conditions for future operation than it has ever been
of the Government Subsidy pledged for their security, called
beforo*
•
The gross revenues have been increased $451,456 38, with an for redemption and cancellation under the terms of the trust
increase in expenses of $119,439 67. The prominent items deed, 319 of the bonds. A t the close of the year $287,000 had
been presented and redeemed, and certificates of cancellation
that go to make up this increase in expenses are :
of that number delivered to the Treasurer of the Company,
........ ......................... ...................... .......................... $54,118 74 The decrease of outstanding First Mortgage Bonds by that
vuri
Cross ties and bridges................................................................
l i number is shown in the Capital Account. The usual state
Repairs to telegraph lin e ........................................................... 3 " ^ S i
Outside agencies for securing traffic......................................... 4O,8D0¿4= ment of the Trustees of Subsidy is herewith published.
Respectfully submitted,
$124,715 96
W . G. R A O U L ,
President.
The other expense accounts have had ordinary fluctuations
the losses and gains about balancing. The increase in fuel is
INCOME ACCOUNT DEC. 31, 1891.
almost in exact accord with the increase of miles run by
engines and is therefore not an increased cost, but an
V. S. Our.
Disbursements—
Mex. Our.
increased consumption in consequence of increased work.
Onerating Expenses, including Texas
ïÆexican Railway Co................................$3,047,401 56
The condemned and destroyed cars up to the close of 1890
Which reduced at 80 per cent gives............................ $2,437,921 25
were 125, and during this year 121 have been condemned and In cr e a s in g n u m b e r of tie s a n d b a lla stin g .............................
41,065 30
106,490 64
destroyed, and written off the equipment list. It was not R e p la ce m e n t of r a ils ................................................. - ..............
9,524 80
found practicable to contract for the replacement of these R epl’ cement of locomotives..........................................
136,261 15
cars on the terms suggested in the last report, and their R e p la ce m e n t o f e a r s .....................................................................
22,052 27
R e p la ce m e n t o f b r id g e s ..............................................................
replacement was too urgently demanded by the increasing S tations a n d w a re h o u s e s ............................................ ...............
18,849 89
1,720 64
traffic to delay it, and they were bought and paid for from A d d it’ n s to tra ck s a n d r ig h t o f w a y g r’n d s ..............................
4,625 10
E x p e n s e s, c o lle c t ’n a n d d ist’n of s u b sid y. . . . . . . . . . . . .
the income of the Company. Additional rolling-stock will
9,222 23
Expenses, London Agenev.........................
- still be needed if the expected increase in the traffic is I n te re s t, d is c o u n t a n d e x c h a n g e ..............................................
52,920 15
obtained, but the Company is now in the financial condition E x p e n s e s in c o n n e c t io n w ith se ttle m e n t
9,405 04
of debts of old com pany.................................................
•& that should enable it to provide it without embarrassment.
480,650 55
A t the close of last year there remained to the credit of the Balance carried to net revenue account...........................
betterment fund $69,542 66. During this year there has been
$3,330,709 01
expended against i t :
K o 'i/ y —
t&& Yts
For purchase of lauds at Santiago, City of Mexico, to
G r o s s earnings, including Texas Mexican
.___
increase and rectify shop-yard limits.....................................
R a ilw a y Co.................. ..............................$4,206,422 74
For a shop plant at Acambaro................ ...................... -.-•"'v.- ¿<>,704
Less Federal Government earnings uncol
F o r stations buildings at Acambaro and Toluca and plans
lected..................i ................................. .
43,036 48
for passenger station, Mexico................................ . ............. - 47,394 98
For extension of tracks to reach smelters at Monterey and
$4,163,386 26
for additional side tracks at Toluca and New Laredo.......... 3,073 11
Which reduced at 80 per cent gives........................... $3,330,709 01
$69,401 55
$3,330,709 01
Leaving a balance o f............................................................
$14111
Balance to net revenue account.........................................
$480,650 55
THE CHRONICLE,
A pril 0 ,1892.J
NET REVENUE ACCOUNT DEC. 31, 1891.
in terest on first mortgage bonds—
______
U. S. Cur,
5 months’ interest to June 1st, 1891.. $312,500 00
6 months’ interest to Deo. 1st, 1891..
365,430 00
Aorrued interest for month of Dee.,JL891.
60,905 00
&
$738,835 00
7W
8
"X It?
y
B K.V 118 Y 13R -------------------'
WE H319 H
1U 9w flUF H Z P S
iR
RZ
«Sga
’
'
Net earnings o f railroad during 1891, as per statement. ^ $480,650 55
Received from Trustees of Subsidy on account of inter
112,500 00
est Deficiency for year 1891....................r......................
145,684 45
Balance receivable from Trustees of Subsidy................
2
£hje © u r a r a m M ^ im e s .
COMMERCIAL
m BS
$738,835 00
GENERAL BALANCE SHEET DECEMBER 31, 1891.
(United States Currency.)
Balance from net revenue account, receivable from
Trustees o f Subsidy..........................................................
$145,684 45
Seoond mortgage bonds, “ A ” and “ B” . . . . $200,000 00
Texas Mexican bond purchase:
For 184 Texas Mexican 6 percentjbonds, |
712 C. C. S. P. & R. G. 7 per cent 1 763.670 27
bonds, at cost price and expenses f
in connection therewith................)
Cftsli““
New Y ork.............................. $30 739 31
Mex. Our.
Mexico — J. M.
Fraser, Res.
Treasurer___ $91,340 34
Remittances in
transit........... 31,455 82
$125,796 16
Which reduced at 80 per
___
cent gives................... 100,636 93
Accounts receivable....................................
Express property................................ ........
Texas Mexican state lands........ ...............
Materials on hand........................ - ...........—
131,376 24
341,442 13
2,09173
19,832 91
381,642 86
F riday Night, April 8, 1892.
Storms of great violence occurred early in the week in the
northerly sections of ,the Mississippi Valley. On the seaboard
it was quite warm— unseasonably so— bringing vegetation rap
idly forward and giving an impulse to many branches of
business. A destructive fire at New Orleans, with other influ
ences, gave a stronger tone to the cotton market. The export
of breadstuffs is still embarrassed by the deficient supplies ar
riving by rail, but liberal purchases have been made at the
W est to come forward on the resumption of inland naviga
tion. In the meantime rates for ocean freights are again
down to very low figures, grain being taken for Liverpool on
Wednesday at l% d . per bushel.
Lard on the spot has been dull and prices declined, but the
close is firm at a partial recovery to 6c. for prime City, 6’55c.
for prime Western and 6 -7 2 ^ @ 6 ’9 2 ^ c . for refined for the
Continent. The speculation in lard for future delivery was
dull at declining prices until to-day, when the dearer grain
markets caused a brisk demand to cover contracts and prices
took a high range, though closing somewhat below last
DAILY CLOSING PRICES OF LARD FUTURES.
1,820,056 14
$1,461,858 05
60
94
00
00
503,882 54
$1,965,740 59
STATEMENT SHOWING APPROPRIATION OF NEW CAPITAL
RAISED BY CREATION OF $12,500,000 FIRST MORTGAGE
BOND 3, THE APPLICATION OF THE SAME TO
DECEMBER 318T, 1891, AND THE RALANCES
UNEXPENDED AT THAT DATE
Expended to
Amount
Turpose to which Appro
Balances.
Appropriated. Bee. 31,1891.
priated—
Construct’n Co. for Eq’p’t. $ 2,000,000 00 $ 2,000,000 00
650,000 00
650.000 00
Interest Reserve— - .......
167,416 40 $49,583-60
217.000 00
Debts of Old Company—
191,431 66
191,431 66
El Salto Lien.....................
''Ï 4 Ï 1 Ï
699,858 89
700.000 00
Betterment Fund.............
Reorganization, 'construc
7,741,568 34
tion & Equipment Fund. 7,741,568 34
740,975 26
259,024 74
Capital Reserve................. 1,000,000 00
$12,500,000 00 $11,709,300 03
Unexpended Balance............................. ........................ $790,699 97
E x pla n a to r y M em orandum .
Unexpended Balance, a > a b ove.................................- ......... $790,699 97
=
200,000 00
A. and B. Bonds reserved for Betterments............. ...........
Materials and Express items acquired and
turned into current working........................ $600,215 32
Deduct for depreciation in materials, a s ___ Uv’-j_
_
shown by Inventory of November 30,1889. 130,194 20
470,02112
Credits to Capital Account since reorganization, for sale
of old equipment and rails taken up on Texas Mexican
4,240 02
Northern Railway."....................................*.........................
$1,464,96111
Deduct amount charged Texas Mexican Railway in excess of amount deducted from Capital Total.— . . . . . . . .
3,iUo uo
Agrees with Capital Account Credit in General Balance
Sheet...................................................................................... $1,461,858 oo
U . S. Rubber Company.— Articles of incorporation for this
company were filed recently in the County Clerk’s office in New
Brunswick, N. J. The capital is $50,000,000, divided into
500,000 shares of stock at $100 a share. It will be the largest
company engaged in the manufacture of rubber goods in the
world. The incorporators are: W illiam Barbour, of Barbour
Brothers, Paterson, N. ‘J .; J. Edward Simmons, President of
the Fourth National Bank of this city; John I. W ater bury,
President of the Manhattan Trust Company; W illiam L. Trenholm, ex-United States Controller and President of the Am er
ican Surety Company, and John P. Townsend, President of
the Knickerbocker
Trust Company.
The
corporators
met and elected the following board of directors: Mr.
Barbour, Mr. Simmons, Mr. W aterbury, Mr. Trenholm, Mr.
Townsend, Henry Steers, President of the Eleventh W ard Na
tional Bank; Robert M. Galloway, President of the Merchants’
National Bank; Charles E. Thayer, of Boston. T. Patterson,
of Sawyer, Manning & Company of Boston.
The company is incorporated for fifty years, and it is sup
posed that it will soon control most of the rubber boot and
shoe plants in the country. The offices of the company will
be in New York, Boston and Chicago.
__
.....
EPITOME.
Friday.
$1,965,740 59
Balance from capital account....................
Liabilities—
____ , , , „
Pay rolls—Mexico.........................$117,044 41
Vouchers—M exico....................... 112,84777
Vouchers—New York.................. 39,62742
$269.519
154,917
Accounts payable..................................
18,540
Coupons first mortgage bonds outstanding
60,905
Accrued interest for month of Dec., 1891
605
Sat.
Mon. Tues. Wed. Thur.
Fri.
May delivery............... -.o. 6*55
6’51
6*51 . 6*50
6*52
6*55
July d elivery....... . . . . . o. 6 66
6*62
6*62
6*61
6*63 6*66
6*70
6*69
6*69
6*71'
6*74
August delivery.......... .-e. 6*75
Pork has been taken quite freely, mostly for export, all the
week, until to-day, when very little was done. The close,
however, was about steady at $9 50@$10 for old mess, $11@
$11 50 for new mess, $10@$10 50 for extra prime and $12 50@
$14 50 for clear. Beef has been quiet; extra mess, $6 50® $7;
packet, $8® $8 50; fam ily, $9 50®$11 50 per bbl.; extra India
mess, $15@$19 per tierce. Beef hams are firmer at $14@$14 50
per bbl. Cut meats have been dull, and at the close show an
irregular decline, the sales to-day including 30,000 lbs. pickled
bellies, 10@12 lbs. average, at 5 ^ c . Tallow has improved, and
closes fairly active at 4% c. Stearine is quiet at 7@ 7)^ c. in
hhds. and tcs. Oleomargarine is nominal at 5% @ 5,% c. But
ter has declined to 18@25c. for creamery. Cheese is dull at
10 ^ @ 1 2c . for State factory, full cream.
Coffee on the spot has continued dull and values have
further declined; Rio is quoted at 13%c. for No. 7. To-day
Rio No. 7 sold to arrive at 13i^c. Mild grades are neglected;
good Cucuta is quoted nominally at 213^c. The speculation
in contracts was fairly active, but at a further decline in
prices, owing to continued unloading by “ longs,” stimulated
by weak foreign advices and the dull spot market. To-day
the market was depressed by an increase of 160,000 bags in
the world’s visible supply during the month of March. The
close was steady, with sellers as follow s:
April...................12*50c. |July................. 11*750.
I
Oot. 11*550.
M ay.................12*20o. Aug.................... ll*75o. Nov.....................ll*55o.
June.......... .
H*80o. I Sept..... . .......... ll*65o. 1 D ec................... ll*50o.
— a decline of 40@50 points for the week.
Raw sugars have been in demand at full prices, and the
close was firm at 2% c. for fair refining muscovado and 3 ^ c . ;
for centrifugals, 96 deg. test. Refined sugars have been
fairly active and steady; quoted at 5 ® 5 ^ c . for crushed and
4 % @ 4 % c . for granulated.
The boiling grade of molasses
has been quiet and prices have declined a trifle, closing at
H ^ c . for 50 deg. test. A t the tea [sale on Wednesday the
offerings were increased and in some instances prices were
easier.
Kentucky tobacco has been rather more active on a demand
for export, and prices rule quite firm. There has been a fair
movement in seed leaf, but not so active as last week, as sales
are only 1,550 cases, as follows : 500 cases, 1890 crop, W iscon
sin Havana, 12@14c.; 200 cases, 1891 crop, Wisconsin Havana,
p. t.; 200 cases, 1890 crop, State Havana, 14@25c.; 250 cases.
1890 crop, Pennsylvania Havana, 1 3 ^ @ 4 0 c .; 250 cases, 1890
crop, Zimmer’s, 13% @ 15, and 150 cases sundries, 6% @ 35c.;
also 700 bales Havana, 2 0 c .@ $ l 15, and 250 bales Sumatra,
$2 25® $3.25.
Of metals, Straits tin has been quiet, and the price shows no
change, closing quoted at 19*90c. Ingot copper is quiet,;;but
rules steady at ll*95c. for Lake. Domestic lead is quiet and
unchanged at 4J^c. Pig iron continues in good demand and
prices show a slight improvement, closing at $14 75® $15 50
for Southern and $15 00(al5 50 for Northern No. 2.
Refined petroleum is quoted at 6*10c. in bbls., 7*50c. in
cases and 3*60c. in bulk; naphtha, 5c.; crude in bbls. 5*45c.
and in bulk 2*95c. These prices show a partial decline from
last week. Crude certificates sold to-day at 56^®> 57c. Spirits
turpentine is dull and lower, and closes lower at 37c. Rosins
have been more active, and close higher at $1 42J£@$1 4 7 ^
for strained. Hops have further advanced, but wool is very
dull.
; ____________ ¿ j .
S M
THE CHRONICLE.
6 0 6
C O T T O N .
F r i d a y , P. M ., April 8, 1892.
T h e M o v e m e n t o f t h e C r o p , as indicated by our telegrams
worn the South to-night, is given below. For the week ending
this evening the total receipts have reached 63,958 bales,
against 68,599 bales last week and 65,188 bales the previous
^
the - otal receipts since the 1st of Sept., 1891,
t
ic o n o i
bales, against 6,370,512 bales for the same period of
Receipts at—
Galveston........
E l Faso, <feo...
New Orleans...
Mobile...............
Florida.............
Savannah........
Brunsw’k, Ac.
Charleston.......
Port Royal, Ac
W ilm in gton ....
Wash’gton,Ac
N orfolk............
West P oin t...
N’w p’tN’SjAo.
New Y ork........
B oston..............
Baltim ore........
Philadelph’a.Ac
Sat.
771
........
1,260
195
„__
2,904
........
893
......
137
Mon.
Tues.
864 1,310
........
......
1,634 11,611
398
406
Wed.
Thurs.
357
343
1,646
11
3,817
279
Fri.
Total.
74 3,719
168
168
4,270 24,238
53
1,342
|V0L
l iv
.
In addition to above exports, our telegrams to-night also
give us the following amounts o f cotton on shipboard, not
cleared., at the ports named. W e add similar figures fo r
New Y o rk , which are prepared for our special use by Messrs,
Carey, Y a le & Lambert. 24 Beaver Street.
On Shipboard, not cleared— r
fo
April s at—
New Orleans...
Galveston........
Savannah.........
Charleston.. ..
Mobile..............
Norfolk.............
New Y ork........
Other ports___
Great
Other Coast
Britain. France. Foreign wise.
13,683
2,151
None.
None.
None.
5,000
4,500
14,000
4,271 24,821
None.
8,102
None.
1,500
None.
3,600
None. None.
None. None.
1,500
3,900
None.
8,000
2,014
1,492
1,300
200
None.
4,800
None.
None.
Total.
44,789
11,745
2,800
3.800
None.
9.800
9,900
22,000
Leaping
Stocht.
251,340
23,244
49,74»
39,527
21,723
25,189
391,749
61,435
Total 18 9 2... 39,334
5,771 49,923
9,806 104,834
863,959
1,242 11,784
Total 1891... 52,447
7,705 24,089 11,378
879
95,619
879
485,743
Total 1890... 28.805
4.758 18,529
6,347
58,439
231
264,165
382
521
2
2,029
........
ojjcuuianun iu cunuu jul iinure uenvery at tms marxet
.j
......
1
1
120
137
91
624 showed strength early in the week, but the chief feature was
48
91
2 the buoyancy on Monday morning caused by the destructive
2
1,126 1,328 1,226 1,735
660
593
6,668 fire in New Orleans and its effect in causing a sharp advance
800
521 1,614 2,021
267
985
6,208 in Liverpool. August contracts rose to 6 90c., against 6*70c.,
........
........
••••
•• ■ • •
■••
347
347 the lowest figure of last week. But when New Orleans tele
500
546
400
300
1,746 grams reported that the destruction of cotton had been much
143
262
373
116 1,124
2,018 exaggerated—-would not exceed probably 30,000 bales— most of
........
......
......
1,270
1,270 the early advance was lost. Under a weak Liverpool report
85
21
264
70
148
327
915 there was a lower opening on Tuesday, to which larger re
ceipts at our ports contributed; but part of the early decline
Totalsthis week 8,314 7,978 19,481 9,219 8,364 10,602 63,958 was recovered, and there was a small advance on W ednes
For comparison w e give the follow ing table showing the day morning, favored by a stronger Liverpool market
Still speculation
week’s total receipts, the total since September 1, 1891, and and a small movement of the crop.
was sluggish, operators for a rise showing little heart
m taking action upon
circumstances
that seemed to
189JL-92.
1890-91.
Stock.
favor a higher range of values.
On Thursday there was
Receipts to
This Since Sep. This Since Sep.
renewed buoyancy, with many indications of a strong
April 8.
1892.
1891.
Week. 1,1891.
Week. 1 , 1890.
bull movement. Liverpool reported a better market, bu t
the chief source of strength was the more active and dearer
G alveston...
3,719 1,092,010
9,598 946,249
33,865 spot markets. Weather reports were without feature until
34,989
E l Paso, Ac.
168
32,272
73
23,716
New Orleans. 24,238 2,312,484 18,218,1,906,864 *296,315 244,129 Thursday, when heavy rainfalls were noted in the Mississippi
Valley. There were also local floods in Alabama and Georgia.
M obile. . . . . ‘ 1,342 248,903
3,576 274,782
21,723
29,858 To-day the market opened sluggishly— in fact, sold off a point
Florida........
24,316
409
43,183
or two but quickly rallied when the strong closing of the
Bavannah... 11,784 949,256 12,579 1,045,604
52,546
36,845 Liverpool market was reported, and finally made a further
Brans., Ac.
879 161,669
1,347 177,045
3,214
1,110 advance, with an exceptionally large demand for August con
Charleston..
2,029 445,011
8,870 463,535
43,327
33,047 tracts from parties who were “ short.” Cotton on the spot was
1
P. Royal, Ac
1,484
12
699
iairiy active at steady prices, there being rather more demand
Wilmington.
624 153,944
918 183,044
10,183
6,825 for home consumption as well as for export, and on Thursday
Wash’tn,Ac
2
2,342
3,744
quotations were advanced l-16c. To-day the market was firm
Norfolk........
6,663 476,015
7,293 588,452
34,989
15,401 at 6% c. for middling uplands.
West Point.
6,208 302,617
3,836 321,851
The total sales for forward delivery for the week are 418 100
9,350
5,100
347
43,452
NwptN.,Ac
527
88,533
, or immediate delivery the total sales foot up this week
F
52
New Y o r k ...
1,746
82,414
1,504 117,386 401,649 151,791 681 bales, including —
for export, 681 for consumption,
Boston..........
2,018 109,282
3,281
93,644
12,000
8,000 — for speculation, and — in transit. Of the above — •bales
1,270
Baltim ore...
71,625
413
48,553
35,184
8,459 were to arrive. The following are the official quotations for
PhU’ del’a.Ac
915
66,973
959
43,628
13,554
6,880 each day of the past week— April 2 to April 8.
UPLANDS.
Totals........ 63.958 6,576,069 73,413 6,370,512 968,973 581,362
Sat. M o n T u e » W e d T h . F r i .
few Stock corrected by deduction of 30,000 bales—loss by Are.
*
Ordinary.............................y lb. 4*16
430
4*8
I n o rd er th at com p a rison m a y be m ade w ith oth er vea rs. * p Strict Ordinarv.......................... 4^16 a ; . - Ä
4.3«. 4%
M
Good Ordinarv................... ......
55s
g iv e b e lo w th e totals at lea d in g ports f o r s ix seasons.
55g
Strict Good Ordinary................
I ’t f f - i ’
5 1 bI8 Si*1«
Low Middling.......................
Receipts at— 1892
6 I4
1891.
6^4
Ci«
1890.
634
1889.
1888.
1887.
Sn1« 6*16
Strict Low Middling............
6ia
6*2
6 I3
61«
6 9ie 6 916
Middling........
6U16 6 U 16
Galv’ston.Ac
3,887
9,671
2,225
4,604
6*4
1,225
1,201 Good Middling.......................
? U l« 6U16 6 %
7
New Orleans
24,238
18,218
8,136
8,123
13,891
7,938 Strict Good Middling................ 714
714
714
714
7*1« Zi1*
7*1#
Mobile..........
1,345
3,576
1,225
80C
340
335 Middling F a ir.... . . . . . . . . . . . . Zi8*« 71318 X1*1« Zi*1« /78
77s
Fair................................ .
Savannah...
11,78«
8316 8*16 8*16 8*16 8 I4
12,579
1,659
8,519
2,263
8 I4
2,610
Charl’ st’n,Ac
2,030
8,882
383
1,821
GULF.
1,821
1,313
S at. M o n T u e s W e d T h . F r i .
WUm’gt’n,Ac
626
918
69
1,410
227
239 Ordinary.............................y lb.
•dHie 4 n 16
Norfolk........
4%
6,668
4\
7,293
950
1,070
2,073
1,347 Strict Ordinarv...........................
' 1*
Öls
m 18 ah# l i 16 i l 1 « 5i0
W’ tPoint, Ac
6,555
4,363
1,296
8,186
2,266
564 Good Ordinarv........................... 51&
5iê 16 51í,16 51616 6_
6
All others...
6,828
7,913
7,627
10,874
6 I4
614 • 614
4,398
63ie « B
6,990 Btrlot Good Ordinarv................. 6Q
l«
Low M iddlin g.....................
6Sg
6*8
6«8
689
6111 e
Tot.thisweek
63,958
73,413
23,570
67$
40,407
6 78
678
6 7a
28,504
21,627 Strict Low Middling.............
C1b16 61&18
Middling................ .............
73«
Z i1« Z i1« Z i1« Z i 16 7i0
Since Sept. 1. 6576,069 6370.512 5632,608 5313,744 *162,104 5091.818 Good Middling.......................
738
7*8
7*8
7*8
77l« m « 1
Strict Good Middling____
7 «8
7«8
7«a
750
p A e Zi1!*
F
.
ouu.iixg tma evening reacn a total Middling F a ir ...............
8*16 8 *1« 8*1« 8*16 834
834
o f 106,526 bales, of which 50,325 were to Great Britain, 13 883 F a ir .._ ........................................ 8916 8916 8916 8916 8%
8%
to France and 42,318 to the rest o f the Continent. Below ’are
STAINED.
S at. . M o n T u e s W e d T h . F r i .
the exports for the week, and since September 1, 1891.
Export»
from—
Galveston......
New Orleans..
Mobile.......
Savannah......
Brunswick....
Charleston....
Wilmington...
Norfolk..;......
West Point...
N’portNws, Ac
New York.....
Boston...........
Baltimore......
Philadelp’a.&c
Total.;..... -..
Total. 1890-91.
2,599
1,658
2,105
1,276
Week Ending April 8.
Erom Sept. 1,1891, to Apr. 8,1892.
Exported to—
Great
Conti Total Great
Conti
Brit’n. Erano* nent. Week. Britain France nent.
Total.
627,052 76,6*7 112,975 816,651
19,033 13,829 16,212 18,17« 813,710 «61,669 533,709
1,808,988
37,868
37,866
«,800 1,800 175,926 30,197 278,811 181,931
98,917 1,819
103,796
1,239 1,239 160,030 6,550 171,363 336,913
6,338 5,833 61,671
61,8*5 118,196
1,300 111,311 7,900 31,128 180,639
2,017 85,987
12,383 98,370
21,937 5,*73
37,209
«04 0,281 26,127 360,022 37,015 157,911 ■511,951
101 3,813 211,151
9,370 320,821
250 2,317 7,281 78,092 6,929 07,655 182,676
151 15,111
708 15,858
50,325 18,883
625,908 1,158,111 1,973,195
71.126) 1,215 «7.680 120.321 2.831.758 503.230 1,618,763 1,983.751
508,230 1,648,763
Good Ordinary...................^ lb.
Strict Good Ordinarv.................
Low Middling................... .
Middling.................................
31316 31*1« 3!316 31316 3 70
S78
433
41«
4716 * ! 10
16
530
5«16 S5].« S516 i l.1« 533
*L16 5
6Q
6x
4
614
614
6°16 6B
l*
ALAUiXAl Ai.1xJ D JL iSi
A lA
The total sales of cotton on the spot %nd for future deliverv
each day during the week are indicated in the follow in g
statement. For the convenience of the reader we also add
a column which shows at a glance how the m arket closed on
same days.
SPOT MARKET
CLOSED.
Saturday
Monday..
Tuesday..
Wed’da y.
Thursday
Friday .j..
P eta l...
D u ll..................
D u ll...................
D u ll................. .
D u ll...................
Dull at ije adv..
Quiet A steady.
SALES o r SPOT AND TRANSIT.
Export.
Con- Spec- Tran- _ J ,
tump. vX’ Vn sit. Total.
Sales o f
Futures^
57
67
94
268
5l
144
57
67
94
268
51
144
40.600
78.400
50.400
40,80»
68.600
121,300
681
681
418,100
A pril 9, 1892.J
T h e Sales
THE CHRONICLE
P rices of F utures are show n
following comprehensive table
a
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^
1889.
871.000
13.000
Total Great Britain stock. 1,691,000 1,216,000 1,164,000
Stock at Hamburg...................
3,800
4.000
4.000
Stook at Bremen....................... 151,000 168,000 135.000
Stock at Amsterdam................
27,000
18,000
8.000
Stock at Rotterdam.................
300
400
300
5,000
Stock at Antwerp....................
8.000
5.000
Stock at Havre.......................... 382,000 214.000 155.000
Stock at MarseiUes...................
9,000
7,000
4.000
Btock at Barcelona..................
90,000 1 2 1 .0 0 0
98,000
Stock at Genoa..........................
19,000
1 0 ,0 0 0
5.000
Stook at Trieste........................
19,000
2 1 ,0 0 0
5.000
884.000
2,200
31.000
17.000
400
12.000
133.000
3,000
70.000
Total Continental stocks........
coco
10,000
288,600
„ T o t a l visible supply.......... 4,310,463 3,283,471 2^656,264 2, 382,510
Of tne above, the totals of American and other descriptions are as folio we:
^ A flC tC lT
-T V C t-—
Liverpool stook............hales. *1,440,000 950,000 910,000 691.000
Continentalstocks.................... 536,000 444,000 346,000 184.000
American afloat for E u rope... 355.000 343,000 230.000 275.000
United States stock.................. 968,793 581,362 322 604 489,334
United States interior stocks.. 367,991 275 876 104 787 135,536
United States exports to-day.
15,579
17,833
3’ 573
,
13,040
Total American................... 3,733,363 2,612,071 1,916.964 T 787,910
Matt Indian, Brazil, die.—
*
Uverpool s tock ........................ 233,000 250.000 239.000 180.000
18,000
London stock............................
16,000
15.000
13.000
Continentalstocks.................. 120,100 127,400
73,300
India afloat for Europe............ 164,000 245.000 384.000 104,600
276,000
Egypt, Brazil, &c., afloat........
42,000
33,000
28.000
21.000
Total East India, &c.......... 577,100 671,400 739 300 594,600
Total American.................. 3,733,363 2,612,071 1,916,964 1 ,787,910
a-, T0i& ,yiTib}6 S ? P P ly ...... 4,310,463 3,283,471 2,656,264 2,382,510
S
T
Price Mid. U pl.,L iverpool....
3Sgd.
4i31fid. •
eiad
filSiLfl/
Price Mid. Upl., New Y o r k ....
e lo .
U& Jo.
lo 4 c
* Stock re-counted and correction made.
H T The imports into Continental ports this week have been
110,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 1,026,992 bales as compared with the same date
of 1891, an increase of 1,654,199 bales as compared with the
corresponding date of 1890 and an increase of 1,927,953 bales
as compared with 1889.
AT t h e I n t e r io r T o w n s the movement— that is the receipt»
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period o f 1890-91— is set out in detail in the
following statement.
(►5$KOWHtoPt4QÍQ!2ÍQ®2í!fl^-t>-HC!-<ai®e)!2¡g®&SQI>
G tf*© ©
>
® o2-® ® B c3*iS-pi® ^.® t-iSB g^pB S‘®§!®S‘ B ^ P ® E**
T*
td (3-pjp p „
0 ® K «i 8 O ^
0 , »
&S S T c « 8 “ á ’S-.f o r B ®
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f
o*c+
"*-N § e : p b
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•
r ® y L i|
o
S® F
ip Z
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*
■ ¡" S | : M a H c P o ° r n
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B
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00C C
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í í ,*íS!ft!b:?32<
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0®M^OWW©MWM*IOtM^©^^©í-¡5«í:wKíOOO*qow3
i d :
H
*
419,300
10.000
Total European stocks --------- 2 , 397,100 1,787,400 1,583,3001,172.600
IIft rtn ttn n a n rta t, f n r TEn rn -n tt
k a a a a
IndiacottonafloatforEurope. 1164,000 o245,066 o o a
' . i n a a a '384,000 276.000
Amer.cott’nafloatfor Europe. 355,000 343,000 230,000 275.000
Egypt,Brazil,<fec.,afltforE’r’pe
42,000
38,000
28,000
21,000
Btock in United States p o rts .. 968,793 581,362 322,604 489,334
StookinU. 8 . interior tow ns.. 367,991 275,876 104,787 135,536
United States exports to-day.
15,579
17,833
3 ,573
13,040
to
M 05
571,400
©OO; ®M®Mcowüiü'0(-®©o<*.üiow*a®Ka:'¡ocñSfñSí*i
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88
II
II
I8
,
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1892.
1891.
1890.
Stock at Liverpool...... bales. '1,673,000 1,200,000 1,149.000
Stook at Loudon.......................
18,000
16,000
15,000
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I8
II
her’ 619*000
aryji>7d9,800, September-Maroh, for March, 3,022,100 J
— — ------ — — "
The following exchanges JLiC
have been made during the week•18 pd. to exch. 400 May I n July
.8 33d. to exch. 400 W»,V for
-27 pd. to exch. 3,400 May foTlu?.'
•09 pd. to exch. 100 June for July. '39 pd. to exoh. 1,200 Aug. for Deo.
•20 pd. to exch. 100 Oct. for Dec
t Z Pd. to exch. 800 Aug. for Oct.
56 pd. to exch. 100 May for Nov.
Pd. to exch.
for Oct.
09 pd. to exch. 100 May for Junp. ■}9 pd. to exch. 1,100 Aug. for Oct.
*46
1,200 may ior uct.
May
•
----- oauu.
T h e V is ib l e S u p p l y o f C o t t o n to-night, as made un b v ca b le
and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns
amd consequently all the Emopean figures are brought down
to Thursday evening. But to make the totals the complete
5 S tt 8-i05 ( A p r . 8), we add the item of exports from
the United States, including in it the exports o f Friday only.
MMCi,t!S!SSC £ ftíí-.fci'WH,u
í5
cnw®*)¡ b 00000to ©Meo
®
0
0 © 0© oo^ .w *j© *j*,)f> j « ocdmw *j© § : ©© ® ® Slq5üí
.i—
*w
to
© DC iKQOM .
C D
OiM
^ O M CD M © I)».
j^ppoa#«*^©
** 1 oc cd' m 'm o T^' cd •
^
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M
Mwi^tow^o!— 5; w: »(KO®© © © WMi* ©CDOCDCDffioVj^
*
OCDtOOO*ÍMO?. tOO-3*ío!í¡l
M©M©0»©*JQ1M. «], tf^CDOM©©tf^©CJlWOOtUCJlc««TfoX!* I
Douisville figures “‘ net in both years,
n e t”
r This year’s figures estimated,
t Last year’s figures revised..
The above totals show that the interior stocks have decreased
durmg the week 22,453 hales, and are to-night 92,115 bales
more than at the sam openod last year. The receipts at all the
towns have been 1,028 bales more than the same week last
X
7 Me 1M’617 bale3 more than for the
THE CHRONICLE.
6 0 8
Q u o t a t io n s
fob
M
id d l in g
Cotton
at
O t h e r M a r k e t s .—
Below w e give closing quotations of middling cotton at South
ern and other principal cotton markets for each day of the w eek:
Week ending
April 8.
Galveston...
New Orleans
Mobile..........
Savannah...
Charleston..
Wilmington.
Norfolk........
B oston........
Baltimore...
Philadelphia
A n g u s ta ....
M em phis....
Bi. L o u i s . . . .
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
67xe
638
6ia
6*4
6k
6*4
6ia
61116
6<
%
7
6*4®®X6
6 516
6°16
Fri.
Thurs.
Wednes.
Tues.
Mon.
Satur.
613
638
638
6>
6 9ib
6 **
6*3
638
6*4
6*4
6*4
634
GH
6*4
6*4
6*4
6*4
6*4
6*4
6*3
6*3
6*a
611x6
6 *1 x6
6 u ie
6^8
6®
8
6%
7
7
7
n>t>\e 6*4®5X
6
*4®5X 6H
6
63s
63a
6 7xe
638
6 16
67i 6
6 78
678
6 78
7
7
7
638
6%
614
6*4
6*4
6*4
6ia
6 H 16
65s
7
6*4®6x6
69ie
6%
6*4
6*4
6*4
613
617ie
6®8
7
6516
67X
6
6ia
678
_7__
Cincinnati..
6 78
678
7
7
Louisville,
The closing quotations to-day (Friday) at other important
Southern markets were as follow s:
6
6i8 Newberry....
6316 Little R o c k ....
A tlanta............
614
M ontgom ery..
6*4 Raleigh..........
Columbus, Ga.
6
6is
N ashville. . . . . .
6*4 S e lm a .......
Columbus, Miss .......
578
63s Shreveport..
Eufaula_____ _
6*4 N atchez...........
R e c e i p t s F r o m t h e P l a n t a t i o n s . — The following tabie
indicates the actual movement each week from the plantationsi
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
finally reaches the market through the outports.
Week
JBndwia—
Mch. 4 .......
“
11.......
H 18.......
“
25.......
A pril 1 .......
“ ‘ 8 .......
Receipts at the Ports. St’kat Interior Towns. Rec’pts from Plant'ns.
1800.
63,551
64,735
33.547
41,065
31,377
23 570
1891.
1892.
1890.
1891.
1892.
1890.
1891.
1892.
112,579
87,541
92,675
100,803
91,109
78,413
119,758
93,396
92.186
65,188
68,599
63,953
214,007
188,972
166,977
139,973
125,444
104,787
396,427
373,228
317,014
319,369
298,375
275,876
499,067
479,393
453,893
426,662
390,441
367,991
36.902
29,700
16,552
14,061
19,848
2,913
98,339
64,342
66,461
78,158
73,115
50,914
96,079
73,722
66,686
37,957
32,381
41,505
The above statement shows: 1.— That the total receipts from
the plantations since September 1,1891, are 6,888,181 bales; in
1890-91 were 6,681,818 bales; in 1889-90 were 5,728,836 bales.
2. — That, although the receipts at the outports the past week
were 63,958 bales, the actual movement from plantations was
only 41,505 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 50,914 bales and for 1890 they were
2,918 bales.
Overlan d M ovem ent
for
the
W
e e k a n d s in c e
S e p t . 1 .—
W e give below a statement showing the overland movement
for the week and since September 1. A s the returns reach us
by telegraph late Friday night 'i t is impossible to enter so
largely into detail as in our regular monthly report, but ah
the principal matters of interest are given.
This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Apr. 8
and since Sept. 1 in the last two years are as follows:
9
April 8.
Shipped—
Via St. Louis................................
Via Cairo......................................
Via Hannibal...............................
Via Evansville............................
Via Louisville..............................
Via Cincinnati.............................
Via other routes, &o...................
Total gross overland...............
Deduct shipments—
Overland to N. Y., Boston, A c..
Between interior tow n s............
Inland, &c., from South............
Total to be deducted...............
Leaving total net overland*..
1890-91,
1891-92.
Week.
13,915
4,020
1,682
365
6,327
6,393
1,584
Since
Sept. 1.
Week.
575.253 115,547
326,723
4,186
261
157,397
34,441
591
181,342
2,764
2,041
130,088
1,411
14.4,543
Since
Sept. 1.
553,890
270,213
84,772
26,384
188.630
163,698
134.630
34,286 1,549,787 26,801 1,422,217
5,949
963
950
330,294 . 6,157
58,549
1,143
78,871
2,263
303,211
105,624
85,964
7,862
467,714
9,563
494,799
26,424 1,082,073
17,238
927,418
l i l u i t i U A U g m u v ULU.0 1 1 U u j A
1
■
•
The foregoing shows that the week’s net overland movement
tbis year has been 26,424 bales, against 17,288 bales for the same
week in 1891, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 154,655 bales.
1891-92.
In Sight and Spinners'
Takings.
Receipts at ports to April 8 ........
Net overland to April 8 ................
Southern consumption to Apr. 8.
Total marketed.........
Interior stocks in excess.
Week.
Since
Sept. 1.
1890-91.
Week.
Since
Sept. 1..
63,958 6,576,069 73,413 6,870,512
26,424 1,082,073 17,238 927,418
12,000 462,000 10,000 429,000
102,382 8,120,142 100,651 7,726,930
*22,453 ' 312,062 *22,499 261,306
78,152
Came into sight during week. 79,929
8,432,204
7,988,236
Total in sight April 8 .......... ..
1,848,340
1,748.458
* Decrease during week.
It will be seen by the above that there has come into sight
during the week 79,929 bales, against 78,152 bales for the
game week of 1891, and that the increase in amount in sight
to-night as compared with last year is 443,968 bales.
[VOL. L iV ,
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 telegrams from
the South this evening indicate that in a few districts the
rainfall has been heavy during the week. On the whole,,
however, the weather has been favorable both as regards tern
perature and rainfall, and planting is progressing well in
many sections.
Galveston, Texas.— W e have had showers on three days o f
the past week, to the extent of twenty-six hundredths of an,
inch. The thermometer has ranged from 51 to 74, averaging
62.
Palestine, Texas.— Planting is active. There have been good
showers on three days during the week, the rainfall being
eighty-nine hundredths of an inch. Average thermometer
66, highest 86 and lowest 46.
Huntsville, Texas.— Telegram not received.
Dallas, Texas.— Corn and cotton planting are progressing
rapidly. Small grains look very promising. It has been
showery on two days of the week, the precipitation reaching
forty-three hundredths of an inch. The thermometer has
averaged 66, ranging from 46 to 85.
San Antonio, Texas.— Planting is progressing finely. N o
rain has fallen during the week.
The thermometer has
ranged from 44 to 92, averaging 68.
Luling, Texas.— Both com and cotton are coming up well.
The weather has been dry all the week. Average thermome
ter 62, highest 90 and lowest 45.
Columbia, Texas.— Young corn and cotton are coming u p
well and some cotton has already been chopped to a stand.
There have been good rains on three days of the week, the
precipitation being fifty-one hundredths of an inch. The
thermometer has averaged 66, the highest being 93 and the
lowest 40.
Cuero, Texas.— Cotton chopping has already started and
young corn looks well. It has been showery on two days of
the week, the precipitation reaching thirteen hundredths of an
inch. The thermometer has averaged 70, ranging from 55
to 86.
Brenham, Texas. — Planting is going ahead nicely. W e have
had one shower during the week, the precipitation reaching
eight hundredths of an inch. The thermometer has ranged
from 54 to 85, averaging 71.
Belton, Texas.— Planting of cotton is well under way.
Small grains look promising. W e have had dry weather all
the week. Average thermometer 68, highest 87 and lowest 50.
Weatherford, Texas.— Small grains look favorable and corn
and cotton planting are going ahead satisfactorily. W e have
had good showers on two days of the week, the precipitation
reaching forty-four hundredths of an inch. The thermometer
has averaged 68, the highest being 89 and the lowest 48.
New Orleans, Louisiana.— It has rained during the week to
the extent of one inch and eighty-three hundredths. Average
thermometer 66.
Shreveport, Louisiana.— It has rained on five days of the
week, the precipitation reaching two inches and seventy-nine
hundredths. The thermometer has ranged from 48 to 88,
averaging 65.
.
Columbus, Mississippi.— Telegram n ot received.
Leland, Mississippi.— W e have had rain during the week to
the extent of seven inches and forty nine hundredths. The
thermometer has averaged 65-9, the highest being 79 and the
lowest 52.
Little Rock, Arkansas.— Telegram not received.
Helena, Arkansas.— It has rained on six days of the week,
on one of which heavily. There has been too much rain, and
the river is rising, with prospects of an overflow. Weather
clear this morning. The rainfall reached four inches and
nineteen hundredths. Average thermometer 64, highest 74,
lowest 48.
„
_
„ ,,
Memphis, Tennessee.— W e have had rain on five days of thepast week, with a precipitation of three inches and four hundreths. It is now clear. Farm work has been delayed by the
bad weather. The thermo me tey has averaged 64’3, the highest
being 76’9 and the lowest 50.
Nashville, Tennessee.— It has rained on four days of the
week, the precipitation reaching three inches and ten hun
dredths. The thermometer has averaged 64, ranging from 50
to 78.
,
Mobile, Alabama.— Planting is m aking good progress.
There has been rain on four days of the week, the precipita
tion reaching fifty-six-hundreths of an inch.
The ther
mometer has ranged from 62 to 76, averaging 69.
Montgomery, Alabama.— The heavy rains on Wednesday
and Thurday at Rome, G a., and along the Coosa at Gadsden,
A la., has started the Alabama on another boom, and up to
noon to-day it had risen thirty feet; but weather now being
clear a fall is expected by to-morrow without serious damage.
Planting is progressing well. Rain has fallen on two days o f
the week, to the extent of thirty-two hundredths of an inch.
Average thermometer 71, highest 82 and lowest 61. In last
week’s telegram it should have been stated that the value of
fertilizer tags sold has been $41,118 this year against $56,688
for 1890-91 and $48,693 for 1889-90.
Selma, Alabama.— Rain has fallen on two days of the week,,
the precipitation being one inch. The thermometer has aver
aged 70, the highest being 82 and the lowest 54.
Auburn, Alabama.— The weather has been warm and pleas
ant and without rain all the week. The thermometer has av
eraged 63*7, ranging from 41 to 78.
Madison, Florida. —There has been rain on one day of the
week, the rainfall reaching twenty-five hundredths of an inch.
The thermometer has ranged from 48 to 81, averaging 63.
A p r il
THE CHRONICLE
9, 1892.J
Columbus, Georgia.— W e have had rain on one day of the
week, the rainfall reaching fourteen hundredths of an inch.
Average thermometer 69, highest 80 and lowest 55.
Savannah, Georgia.—W e have had light rain on one day of
the week, the precipitation being inappreciable. The ther
mometer has averaged 70, the highest being 84 and the lowest
58.
Augusta, Georgia.— Conditions have been favorable and
planting is well under way. Rain has fallen on two days of
the week, the precipitation reaching eightv-two hundredths
of an inch. The thermometer has averaged 68, ranging from
59 to 82.
Charleston, South Carolina.— W e have had rain on two
days of the week. The thermometer has ranged from 56 to
.79, averaging 6-\
Stateburg, SouthCarolina.— Cotton planting is in progress.
Rain has fallen lightly on one day of the week, to the extent
of two hundredths of an inch. Average thermometer 65*1,
highest 81*5 and lowest 53 "5.
W ilson, North Carolina.— W e have had rain on one day of
the week, the precipitation reaching thirteen hundredths of an
inch. The thermometer has averaged 69, the highest being 82
and the lowest 46.
The following statement we have also received by telegraph
showing the height of the rivers at the points named at 3
o’clock April 7, 1892, and April 9, 1891.__________________ '
Apr. 7, ’92. Apr. 9, ’ 91.
Feet.
Feel.
12-8
15-5
New Orleans... . ....A bovelow -w ater mark.
28-6
33-6
Memphis............ ....A b o v e low-water mark.
23-5
15-5
N ashville.......... ___Above low-water mark.
18-8
15-3
Shreveport........ .......Above low-water mark.
860
48-0
Vicksburg.......... ___Above low-water mark.
609
M a n c h e s t e r M a r k e t .— Our report received by cable to-night
from Manchester states that the market is firm for yams and
dull for shirtings. There is a more general resort to short time.
W e give the prices for to-day below and leave those for
previous weeks of this and last year for comparison:
1892.
.
1891.
32s Cop.
Twist.
8^4 lbs.
Shirtings.
d.
d.
6*8 ®71
8
6*16 ®71i6
51ò16®7
5151S®7
578 g 678
6 ®7
s. d. 8. d.
5 1 ®6 6
5
5
5
4^
4
4
4 11 ®6 3
4 11 ®6 3
Oolt’n
Mid. 32s Cop.
Twist.
Vplds
d.
d.
3% 758
738
3u 16
3S 16 73s
>
35a 73a
3916 73s
358 738
d.
®8
®7%
®73*
®73t
®73j
8^4 lbs.
Shirtings.
s. d.
6 0
5 11
5 11
5 11
5 11
511
s. d.
®7 0
«611
®6 11
®6 11
®6 11
® 6 11
Oott'n
Mid.
TJpldt
d.
4is16
41616
415ia
4*8
478
41»i8
J u te B u t t s , B a g g in g , & c .— There have been only few
transactions in jute bagging during the week under review,
but the offerings have been small. Quotations are nominally
6% c. for
lbs., 7c. for 2 lbs. and 7 ^ o . for 2 ^ lbs. Jute
butts are in small supply, and quotations are firmly main
tained at 2y&(d>2%c. for paper grades and 2 % @ 3 c . for bagging
quality. 1,250 bales of damaged butts, paper grades, were
sold at auction last week at prices ranging from l ,07 t^ @ lT 5 c.
C otton F ir e a t N e w O r l e a n s .— A very destructive fire
broke out in front of the Fire-Proof Cotton Press on North
Front Street, New Orleans, at 10:30 A . M ., April 3, and subse
quently extended to the press itself, as well as to the Shippers,
Independent and Orleans cotton presses. The Fire-proof Press
contained about 20,000 bales of coiton, the Orleans Press
about 25,000 bales, the Independent about 5,000 bales and the
Shippers about 12,000 bales, or 62,000 bales in all. The loss
I n d ia C otton M o v e m e n t p r o m a l l P o r t s .— The receipts has not yet been definitely ascertained, but the Chief Super
and shipments of cotton at Bombay have been as follows for visor of the New Orleans Cotton Exchange estimates the total
loss as 30,000 bales, and in addition 4,000 bales are badly
the week and year, bringing the figures down to April 7.
damaged. No change will be made in the stock total at New
BOMBAT RECEIPTS AND SHIPMENTS FOB FOUR TEARS.
Orleans on account of the fire until an actual approximation,
Shipments since Sept. 1.
Receipts.
Shipments this week.
if not actual figures, of the entire loss, can be obtained.
This
Since
Great Conti
Tear Great Conti
E a st I n d ia C r o p P r o s p e c t s .— The following is from Messrs.
Total.
Week. Sept. 1.
Brit’n. nent. Total. Britain nent.
Gaddum, Bythell & Co.’s report, dated Bombay, March 5:
*91-2 6,000 63.000 69.000 30.000 309.000 339.000 68,000 818,00C
la the up country markets arrivals are rather below the previous
*90-1 6,000 16.000 22.000 59.000 457.000 516.000 70.000 1,296,00c week’s figures, the falling off in supplies being caused by holidays
»9-90 25.000 40.000 65.000 206,000 630.000 836.000 79.000 1,361,00. intervening. Broach crop is ooming forward very slowly, and arrivals
*88-9 21.000 47.000 68.000 228,000 567.000 795.000 67.000 1,215.000 this week are about 10,000 bales less than what was received last year
during the same period. The ginning factories are at present working
According to the foregoing Bombay appears to show on a fairly large scale, however, and we should now get freer arrivals.
a decrease compared with last year in the week’s receipts o f The whole of the Broach crop Is now picked and secured in the villages.
2,000 bales and an increase in the shipments of 47,000 bales, and Bhownuggur are now getting fair supplies daily, but the disposition to
hold back their cotton for better times prevails among the cultivators
the shipments since Sept. 1 show a decrease of 177,000 bales. of this district al30.
The movement at Calcutta, Madras, and other India ports foi
T h e F o l l o w in g a r e t h e G r o s s R e c e ip t s o p C o t t o n a*
the last reported week and since the 1st of September, for two New Y o rk , Boston, Philadelphia and Baltim ore for the pas*
years, has been as follows.
“ Other ports” cover Ceylon.
week, and since September 1, 1891.
Tuticorin, Kurrachee and Coconada.
9
Shipments for the week.
Great
Britain.
Calcutta—
1891-92...
1890- 91... ........
Madras—
1891- 92...
1890- 91...
All others—
1891- 92...
189091...
Total all—
1891- 92...
1890-91...
........
Conti
nent.
Total.
Shipments since Sept. 1.
Great
Britain. Continent.
Total.
1,000
4.000
7.000
21,000
31.000
25.000
38.000
17.000
17.000
1,000
12.000
13.000
29.000
30.000
2,000
2,000
21.000
21,000
46.000
41.000
67.000
62.000
2,000
1,000
2,000
1,000
42.000
45.000
79.000
85.000
121,000
130,000
The above totals for the week show that the movement from
the ports other than Bombay is 1,000 bales more than the same
week last year. For the whole of India, therefore, the total
shipments since September 1,1891, and for the corresponding
periods of the two previous years, are as follow s:
NSW YORK.
BOSTON.
Ph il a d e l p h ’a
BALTIMORE.
Recei pti
from—
Since
Thit Since
Thit
Thit Since Thit Since
week. Sept. 1. week. Sevt. 1. week. Sept. 1 . week. Sept. 1 •
.........
N. Orleans. 11,802 855,615
.......
............
2,730 283,720
T e x a s........
83
5,890
2,463
73,315
2,804
079
110,230
483
1,239
8,311
0,223
60,108
8,794
70,355
585,331
1,810
80,532
9,121
200,585
502.875
3,700
03,039
5,424
217.803
1,841
70,100
01
8,937
1,588
475
45,320
358,792
107,201
3,852
T his rea r 23,890 1,280,013 12,902
Last year . 24.702 1.152.ÌVI 10.132
S ava n n a h .
M o b ile ....
Florida......
9o. Carol’ a.
STo.Carol’ a.
V ir g in ia ...
North n pts
Tenn., A c..
F o re ig n ....
0,277
1,017
11
241
],740
259,993
0,197
5,008
107,740
30,273
141,553
00
82,414
13,428
S h ip p in g N e w s .— The exports o f cotton from the United
States the past week, as per latest m a il returns, have reached
126,421 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph and published in
EXPORTS TO EUROPE FROM ALL INDIA.
the C h r o n ic l e last Friday. W ith regard to New Y ork we
1891-92.
1890-91.
1889-90.
include the manifests o f all vessels cleared up to Thursday,
Shipments
to all Europe
Total bales.
This
This
Since
Since
This
Since
from — *
week.
week.
week.
Sept. 1.
Sept. 1.
Sept. 1.
New Y ork —To Liverpool, per steamers Aurania, 533 — Both
nia, 2,323.......Enrique, 9 5 6 ... Holbein. 1,597------ Lake
Bombay........... 69,000 339.000 22,000 516.000 65,000 836.000
Winnipeg, 499 ...St. Ronans, 2,534. ...Taurio, 2 ,6 0 0 ....
All other ports.
2,000 121.000
1,000 130.000
3,000 173.000
13,504
The Queen, 1,535__ Wyoming. 9 2 2 ..................................
To Hull, per steamer Galileo, 790..................... .......................
790
Total......... 71,000 460,000 23,000 646,000 68,000 1,009 000
To London, per steamers Europe, 597....Richm ond Hill,
1,551...... ....................... . . . ...................................................
2,148
A l e x a n d r ia R e c e ip t s a n d S h ip m e n t s .— Through arrange
To Havre, per steamer La Touraine, 4 0 1 .... ................... .
404
To Bremen, per steamers America, 200___Ems, 1 6 1 ....
ments we have made with Messrs. Davies, Benachi & Co., of
Havel, 302..................................................................................
663
Liverpool and Alexandria, we now receive a weekly cable of
To Hamburg, per steamers Moravia, 100....Soandia, 500
the movements of cotton at Alexandria, Egypt. The following
Taormina, 1,153................
1,753
To Antwerp, per steamers De Ruyter, 1,1 01 ....Illinois,
are the receipts and shipments for the past week and for the
2,162___Lepanto, 8 4 ....Nederland, 42 5 ....Westernland,
corresponding week of the previous two years.
1,107.......
4,879
Alexandria, Egypt,
To Stettin, per steamer Polaria, 2 7 3 .................................... .
273
1889-90
1891-92.
1890-91.
April 6.
To Genoa, per steamers India, 593 ...W erra, 700 . . . . . . . . . . . 1,293
To Naples, per steamer India, 2 0 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
200
Receipts (cantars*)
To Trieste, per steamer India, 2 2 0 .. . . . . . ------------------------- 220
Ne w Orleans—To Liverpool, oer steamers Astronomer, 5,350
This w ee k ....
38,000
34,000
10,000
Governor, 5,760_ Louisianian, 7 ,8 0 0 ...:.................
_
18,910
Since Sept. 1.
3,103,000
4,607,000
3,917,000
To Havre, per steamers Bencroy, 5,948 ...Ealing, 5 ,0 2 5 ....
This
Since
Since
This
Since
This
Montevidean, 7 ,2 8 7 .... ..............
18,260
week. Sept. 1. week. Sept. 1. week. Sept. 1.
To Bremen, per steamers Creole, 3,439_ Ithamo, 1 ,5 8 7 .... 5,026
_
To Hamburg, per steamer Ayonmore, 1 ,8 5 0 ..............
1,850
Exports (bales)—
To Malaga, per Bteamer Sicilia, 1,500.......... ............
1,500
To Liverpool .,,
5.000 296.000 2,000 259,000 2,000 243.000
To Genoa, per steamer Sicilia, 4,S70.. . . . . . . . . . . . . . . . . . . . . . . . 4,870
To C ontinent... 10,000 182.000 7,000 178,000j 7,000 137.000 Galveston—To Liverpool, per steamers Rita, 5,174.. .Windsor,
.......
7 , 4 3 7 . . . . . . . . . . . . . . . . . —. . . . . .......
12,611
Total Europe......... 15,000 478,000 9,000 437,000! 9,000 380,000
To Havre, per steamer Empress, 5,472................... .
5,472
To Bremen, per steamer Oakdene, 3,739..........................
3,739
* A cantar Is 98 pounds.
aio
THE CHRONICLE.
Total bale*.
. . . . 2,700
.
To Stockholm, per bark Cometen, 1,700 ....... ........ ............ . . 1,700
3,291
C h a r l e s t o n —To St. Petersburg, per bark Vivax, 3 ,2 9 1 ..........
1,233
N o r f o l k —To Liverpool, per steamer Bona, 1,233........ .
615
N e w p o r t N e w s —To Liverpool, per steamer Palentino, 6 1 5 ....
B o st o n —To Liverpool, per steamers Catalonia, 2 ,5 9 7 ....Lake
Superior, 3.428....Norseman, 852_ Philadelphian, 2,352 9,229
_
2
To Pubnieo, N. 8., per schooner Pleasantville, 2 . . . ........... .
B a l t im o r e —To Bremen, per steamers Karlsruhe, 3,782.......
Stuttgart, 4,444......................................................................... 8,226
865
To Hamburg, per steamer Virginia, 865..................................
195
P h i l a d e l p h i a —To Liverpool, per steamer Lord Gough, 1 9 5 ...
S a v a n n a h —To St. Petersburg, per bark Giusto, 2,700.
Total. . . . . . . . . . ............... ........ ..................................................... 126,421
The particulars of these shipments, arranged in our usual
form , are as follows:
Hull
Bremen Other Genoa
Liver- Lon< Ham- North Malaga, Pub6
pool. don. Havre, burg. Europe, die.
nico.
Total.
New Y ork. 13,504 2,938
404 2,416 5,152 1,713 ........ 26,127
6,370 ........ 50,416
N. Orleans. 18,910 ........ 18,260 6,876
........ 21,822
Galveston. 12,611 ........ 5,472 3,739
4 ,4 0 0
Bavannah........................... ..
4,400
3,291
Charleston, .................. . ..
3,291
1,233
N orfolk .... 1,233 ..............
615
N*p’t News
615 ...............
9,231
Boston . . . . 9,229 _______ ____ ____
9,091
Baltimore................... .
......... 9,091
195
......
Philadelp’a
195 .............. .
[V
ol.
LTV
Saturday Monday. Tuesday. Wednes. Thursday. Friday.
Spot.
Market, Ì Dull but
1:45 P. M.J steady.
Mld.Upl’ds.
Sales....... .
Spec. < exp.
fc
3»i6
5,000
500
Small
inquiry.
Dull and
easier.
38s
7.000
1.000
Steadier.
Dull and
inactive.
Harden’g
tendency.
35a
3%
6,000
1,000
8,000
2,000
3=8
8,000
1,500
6,000
1,000
Futures.
Firm at
Easy at
Market, \ Steady at 3-64 @4-64 2-64 de
1-64 @2-64
1:45 P. m . ) advance. advance.
cline.
Market, ?
4 P. M. $
Easy.
Very
steady.
Quiet but
steady.
Quiet at Steady at
partially 1.04 @ 2-64
1-04 adv.
decline.
Steady.
Steady.
308
Firm a t
3-«4 ad
vance.
Firm.
The opening, highest, lowest and closing prices of futures a t
Liverpool for each day are given below. Prices are on th e
basis of Uplands, Low Middling clause, unless otherwise stated :
r w The prices are given in pence and 6ith.
63-64d., and 4 01 means 4 1-64<Z.
Sat., A p r . 2.
Mon., A p r . 4 .
Thus: 3 63 means
Tues.. A p r . 5.
Open High Low. Otos. Open High Low. Clos. Open High Low. Clos
d.
d.
d. d.
d.
d.
d.
d.
d.
d.
d.
d.
April......... 333 334 3 33 3 34 3 37 3 38 3 37 3 38 3 35 3 38 3 35 3 36
April-May.. 3 33 3 34 3 33 3 34 3 37 338 3 37 333 3 35 3 38 3 35 3 36
Below we add the clearances this week o f vessels carrying May-June.. 3 35 3 36 3 35 3-36 3 39 3 40 3 39 3 40 3 36 3 37 3 36 3 37
cotton from United States ports, bringing our data down to June-July... 3 38 3 39 338 3 39 3 42 3 43 3 42 3 43 3 39 3 40 3 39 3 40
July-Aug... 3 41 3 42 3 41 3 42 3 45 3 46 3 45 3 46 3 42 3 43 3 42 3 43
the latest dates:
Aug.-Sept.. 3 44 3 45 3 44 3 45 3 48 3 48 3 48 3 48 3 45 8 46 3 45 3 46
N e w O r l e a n s —To Liverpool-April 1—Steamer Gracia, 7,000........
April 1—Steamers Discoverer, 3,900; Vesta, 5 ,5 3 0 . . . . April 6 — September.. 3 47 3 48 3 47 3 48 3 50 3 51 3 50 3 51 3 47 3 48 3 47 348
Steamer Andean, 2,302.
Sept.-O ct... 3 47 3 48 3 47 3 48 3 60 3 51 3 50 3 51 3 47 3 48 3 47 3 48
To Havre—
April 2 -Steamers Ardangorm, 4,128; Paris, 6 ,9 5 4 ....
O ct.-N ov... . 3 49 3 50 3 49 3 50 3 52 3 54 8 52 3 54 3 50 3 51 3 50 3 51
April 6 -Steamer Lassell, 1,400.
3 63 3 55 3 56 8 55 3 50 3 52 3 53 3 52 8 53
To Bremen—April 4 —
Steamer Benwick, 1,050....A pril 5 —Steamer N ov.-D ee... 3 62 3 53 3 62
D ec.-Jan....
Bydal Water, 2,792.
To Ham burg-April 2—Steamer Kairos, 1,050....A pril 5 —Steamer
Jane Kensall, 1,813.
To Narva —
April 1 - Ship August, 4,600.
S a v a n n a h —To Barcelona—
April 5—Steamer Jane Stuart, 4,800.
F r i., A p r . S r W e d ., A p r . 6 .
T h urs., A p r 7.
C h a r l e s t o n —To Norrkoping-April 4—
Bark Agnes, 1,100.
To Barcelona—April 4 —
Steamer Churruca, 3,139.
Open High Low. Olos. Open High Low. Olos. Open High Low. Olos.
W il m in g t o n —To Ghent—April 7—Steamer Torgorm, 5,338.
N o r f o l k —To Liverpool-April 7—Steamer Pocasset, 4,300.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
<.
*
W e s t P o in t —To Liverpool—April 2—Steamer Bona, 2,017.
B oston—To Liverpool—March 29—
Steamer Lancastrian. 2,364. . . . . A pril........... 3 38 3 38 3 37 3 38 338 3 38 3 33 3 38 3 40 3 42 3 40 3 42
April 1—Steamer Pavonia, 1,378.
April-M ay.. 338 3 38 3 37 3 88 3 38 333 3 38 3 38 3 40 3 42 3 40 3 42
To Halifax—
April 2 -Steamer Halifax, 101.
May-June.. 3 39 3 40 3 39 3 39 3 39 3 40 3 39 3 40 3 42 3 43 3 42 8 43
Baltimore —To Liverpool—
March 24—
Steamer Sedgemore, 1,605.......
8 42 3 42 3 42 3 42 3 42 3 42 3 42 3 42 3 44 3 48 344 3 46
March 3 1 —
Steamer Polynesian, 1,232.
July-A ug... 3 45 3 45 3 45 3 45 3 45 3 45 3 45 3 45 3 47 3 49 3 47 3 49
To London—
April 2—Steamer Massachusetts, 1,800.
Aug.-Sept . 3 48 3 48 3 47 3 48 3 48 3 48 3 48 3 48 3 50 3 52 3 50 3 52
To Havre—April 4—Steamer Nerito, 250.
To Rotter lam -M arch 3 1 -Steamers Venango, 3 50.....A p r il 4 — September.. 3 50 3 51 3 50 3 50 3 50 3 51 3 50 3 50 3 52 3 54 3 52 3 54
Zaandam, 541.
Sept.-O ct... 3 50 3 51 3 50 3 50 3 50 3 51 3 50 3 50 3 52 3 54 3 52 354
To Antwerp—
April 1—Steamers Sorrento, 350; Yesso, 1,106.
Oct.-N ov.... 3 53 3 53 3 52 3 53 3 53 3 53 3 52 3 53 3 55 3 56 8 55 356
P h il a d e l p h i a —To Liverpool—April 5—Steamer Ohio, 154.
N ov.-D ee... 3 55 3 55 3 55 3 55 3 55 3 55 3 55 3 55 3 57 3 59 3 57 3 59
Below we give all news received to date of disasters to Dec.-Jan....
vessels carrying cotton from United States ports, &c.
A u s t r a l i a n , steamer (Br.), Kelly, from New Orleans for Liverpool, has
arrived at Queenstown in tow. The Australian’s shaft was broken
and she was towed 800 miles by steamer Catalonia.
L a k e W innipeg , steamer (8 r.), from New York for Liverpool, ran
aground in Buttermilk Channel Saturday, but was hauled off at
B R E A D S T U F F S.
midnight Sunday by tugs Wm. McCaldin and James A. Gartield.
and towed to anchorage off Liberty Island. Two hundred and
F r i d a y , April 8,1892,
forty head of cattle were taken off. Vessel was surveyed Monday
The markets for flour and meal have taken a strong turn
morning, but no damage reported. Her cattle will be re shipped
and vessel will proceed.
for the better. There were large purchases on Tuesday for
Europe of wheat flour in sacks at the W est, with a full busi
Cotton freights the past week have been as follow s:
ness for the W est Indies. The local trade bought freely on
Wednesday and Thursday, although many received from
Satur.
Mon.
Tues. Wednes. Thurs.
Fri.
Western mills marked up prices 5@10c. per bbl. The stronger
Liverpool, steam d.
*8
76i
764
764
764
764
grain markets served to promote the improvement. To-day
....
....
....
....
Do
b id ...d .
....
....
wheat flour was active and prices were partially dearer.
Havre, steam ...d.
*8
*8
*8
*8
*8
%
The wheat market has made in the aggregate a material
....
....
....
Do
............d.
....
....
•• •
•
advance in prices, but the movement toward higher figures
Bremen, steam, .d.
was frequently interrupted by free selling to realize. The
S16
SI6
316
S16
316
S16
....
....
Do indirect..rf.
....
....
....
improvement began on Monday, with reports of large pur
Hamburg,steam .d.
chases at the W est and the recurrence of bad weather in the
816
816
s16
S16
3IC
810
....
....
....
Do
......... d.
....
Northwest. The speculation became very active on Tuesday
... . .
Amst’d’m, steam, d.
35*
35*
35*
and was well maintained throughout Wednesday and Thurs
40*
35*
35*
....
....
......
day, foreign advances in the interval showing more strength.
Indirect.......... d.
•• •
•
•• •
•
Wheat on the spot has continued very scarce and No. 2 red
Reval, steam___d. 782® % 782® *4 782® % 732® *4 732® % 732® %
winter in elevator was quoted yesterday at 8c. Der bushel
....
....
....
....
Do
...............d.
....
above the pnce for March contracts. To-day the market was
Barcelona,steam d.
*4
%
>4
*4
%
%
excited and buoyant. The speculative sales exceeded 22
Genoa, steam ...d.
7S2
1864
1304
1S64
1364
Ué’t
million bushels and prices for this crop rose 2% @ 3 cts. per
Trieste, steam... d. 1B
1564 .
6l~1764
1564
1564
1564
1664
Antwerp, steam. <f.
964
%®964 %®964 %®964 %®964 %®964 bushel, owing to favorable foreign advices and bad crop
reports.
* Cents, per 100 lbs.
T o t a l.... 56,297 2,938 24,136 22,122 12,843 8,083
2 126,421
L iv e r po o l .— By cable from Liverpool w e have the follow in g
statement o f the week’ s sales, stocks, & c., at that p o r t:
DAILY CLOSING PRICES OF NO. 2 RED WINTER WHEAT.
Thurs. Fri.
Mon. Tues. Wed.
Sat.
93%
94%
97%
94%
April delivery.......... .••0. 93 >
4 935a
94%
91%
91%
90%
90%
May d e liv e ry ..... . . .
90%
90
92%.
89%
89
38
Mch. 18. Mch. 25. April 1. April 8.
Juñe delivery...........
88%
90
93
89%
89
89%
89%
July delivery............
88%
92%
89%
88%
88%
88%
Bales of tbe week.. . . . . . . bales.
49.000
66,000
50.000
39.000 August delivery.......
87%
91%
88
88%
88%
Of which exporters to o k ....
3,400
88%
2,600
1,900
1,900 September delivery. ...e .
91%
90%
91%
90%
937a
13,800
Of which speculators took..
23.1.00
15,700
12,100 December delivery.. . . . 0 . 90%
46.000
Bales Amerioan.........................
60.000
46.000
34.000
Indian corn has made a sharp advance. Notwithstanding
5,000
9,000
Actual export..........................
5,000
6,000
Forwarded..................
62.000
68,000
59.000
49.000 the full premium of pa cels on the spot over May contracts
Total stock—Estimated.......... 1.735.000 1.741.000 1.734.000 * 1673000 ( 3 ^ cents yesterday) shippers have taken about all that was
Of which Amerioan—Estim’d 1.487.000 1.478.000 1.466.000 *1440000 offered, almost shutting out the local trade from the markets,
Total import of the w e e k ......
89.000
83.000
57.000
59.000 and this fact, together with smaller receipts at primary points,
Of which Amerioan...............
76.000
61.000
42.000
50.000
Amount afloat.......... .
137.000 115.000 130.000 137.000 and some reduction in the visible supply, has greatly encour
Of which A m erioan.......... .
120.000 105.000 115.000 120.000 aged the bulls in the speculation, besides prompting free pur
• Re-count o f stock made Saturday, April 2, and figures revised by chases to cover contracts. To-day there was a further and.
deducting 28,300 bales American and 39,991 bales Ease Indian, &o.
material advance, due partly to sympathy with wheat and.
The tone of the Liverpool market tor spots and futures each partly to reduced receipts at thé W est, owing to bad roads.
day of the week ending April 8, and the daily closing pricts There was something of a, “ cornet” on spot corn, and N o .
2 mixed brought 54c. delivered.
of spot cotton, have been as follows:
611
THE CHRONICLE.
A p r il 9, 1892.]
DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
Wed. Thurt. Fri.
Mon. Tuts.
Sat.
49%
48%
5058
48
April delivery..........
47%
47%
48
47
46%
46
May delivery............
455s
45%
45%
45
44%
44%
44
Juñe delivery........
44%
46
445a
45%
July delivery....... .
44%
44%
44%
44%
45%
45%
44%
44%
August delivery....
44%
Oats have been dull, but prices sympathized with the rise
in corn. Some business for export was reported early in the
week, and No. 2 white, clipped, sold on W ednesday at 38@
88J£c. in elevator. To-day there was a general advance in
sympathy with corn.
DAILY CLOSING PRICES OP NO. 2 MIXED OATS.
Wed. Thurt.
Tues.
Mon.
Sat.
35%
35
35
84%
34%
34%
34%
34%
34%
34%
34%
34%
54%
34%
34
33%
33%
33 »4
33%
33%
Rye is rather firmer but quiet. Barley dull and easier.
The following are closing quotations :
Fri.
35%
35%
35
34%
FLO U R.
F in e.................^ bbl. $2 50®$3 00 Patent, winter.......... $4 60®$4 75
Superfine.... . . . . . . . . 2 90® 3 15 City mills extras----- 4 7 0 » 4 80
Extra, No. 2 __ . . . . . 3 15® 3 40 Rye flour,superfine.. 4 10® 4 40
F i n e . . . . . . . . . . . . . . . . 3 50® 3 75
Extra, No. 1 ............. 8 35® 4 00
Clears......................- 4 20® 4 55 Corn meal—
Western, A c.. . . . . . . 2 80 ® 2 90
Straiehts................ . 4 45® 4 70
Brandywine............ 3 00 ® . . . .
Patent, sp rin g....... 4 60® 4 85
[Wlieat flour in sacks sells at prices below those for barrels.]
and medium priced shirtings.
Export business in brown
sheetings and drills and blue goods has proved rather better
than of late, owing to the low prices aocrpted by sellers.
W id e sheetings and colored cottons are exceptionally steady,
being well under contract.
Orders for new-season cotton
flannels are being booked at value, and it is expected that
when agents make their prices, a decline from previous quo
tations will be disclosed. Printed fabrics are inactive at first
hands, it being between seasons with printers, but a fair
business is doing by jobbers. Ginghams also are slow out
side of the jobbing trade, in which a cut in a regular fine dress
gingham from lO ^ c. to 7% c. per yard was the most prominent
feature of the week. Print cloths have been quietly firm
all week at 3 1-16c. per yard for 64x64s, 56x60s being still
quoted at 2% c. per yard. It is reported that the engravers
employed by printers have made a demand for shorter hours,
pay to remain unchanged, and that they m ay quit work on
Monday if their request is not complied with. The printers
have given no decision yet.
1890.
1891.
1892.
April 4.
April 5.
April 2.
Stock o f Print Oloths—
348,000
403,000
None.
22.000
136,000
12,000
None.
None.
None.
370,000
539,000
12,000
D omestic W oolens .— The best^feature of the week in men’swear woolens and worsteds has again been the duplicating
G R A IN .
demand from clothiers for spring styles. Individually orders
Com, per bush.—
0.
0.
Wheat—
have been for small parcels, as w as to be expected so late in
West’n m ixed....... 50 ® 54
Spring, per bush.. 85 ®1 05
Steamer No. 2 ...... 52% ® 53% the season, but they have reached a fair aggregate. < Agents
Red winter No. 2. 01 ®1 02
West’n yellow....... 51 ® 54
have in face of this buying shown more steadiness in stock
85 ®1 03
Western w hite. . . . 54 ® 57
90 ®1 00
.goods, and most transactions have been at regular prices.
Rye 35 ® 37
Oats—Mixed. bu.
For heavy weights the market is quiet, but agents have made
Western, per bush. 90 ® 92
37%® 41
fair deliveries of sample pieces, from which a later dupli
8tate and Jersey.. 90 ® 92
35%® 36%
No. 2 white............ 38 ® 39% Barley—No. 2West’n. 67 ® 68
cating demand is looked for. Overcoatings are well sold
State, 2 row ed. .. 53 ® 55
ahead and steady, while cloakings also are in a favorable
State, 6 rowed....... 65 ® 67
position. Satinets have moved rather better than of late,
|W For tables usually given here see page 587«
but unions and cotton-warp cassimeres continue neglected.
Flannels and blankets are in indifferent request. Orders for
autumn styles in all-wool and worsted dress goods are not
THE DRY GOODS TRADE.
coming forward as briskly as was anticipated, but it is prob
New Y ork , Friday P. M., April 8,1892.
able that buyers are waiting until the display o f autumn
The market at first hands has been unmistakably dull all lines is more nearly complete than at present. The price
week. Buyers have come forward in a perfunctory fashion question is still unsettled beyond the point that no adv ance
and the trade has shown a much keener desire to secure for is likely in face of the low quotations made by foreign manu
facturers.
wardings on existing contracts than to make new ones.
To
F oreign D r y G oods. — The general features o f this depart
some extent this is traceable to the effects of further serious ment were without material change. For current supplies
weather disturbances over a considerable portion of the W est, there was only a moderate call either for staples or special
but making allowances for this influence it has to be con ties, and prices in the latter were irregular. Fair importation
ceded that the consumptive demand is short of expectations. orders were recorded in leading makes of dress goods and
In staple lines some o f the largest distributers are admitting men’s fancy worsteds, prices of which frequently rule below
slow trade, and many agents just now are anxious to make
last season’s quotations.
things comfortable for buyers in the desire to move off
Im p o r ta tio n s o f D ry G o o d « .
accumulating stocks. This practically means a weak market
The importations of dry goods at this port for the week
and a shading of prices, and it is safe to say that outside of
ending April 7, 1892, and since Jan. 1, and the same facts
some exceptionally well situated brands, agents’ quotations
of brown and bleached cottons are purely nominal. By far for the corresponding periods of last year are as follow s:
the greatest number of ti kt ts are so situated, although it is
g
g
ts
5
K
1
3
contended on the other hand that the popular brands, more
§ 0 s ® ©§
or less sold ahead and steady, represent the largest propor
è * . S2.&
tion of production. A s the margins between the two divi
ts
! ef
5!
sions widen, buyers will pay more attention to the former;
: ! p
©! o .
d•
i3 :
but for the moment they are operating lightly in both. Mill
P!
p!
m
0 :
deliveries continue free on previous contracts. The jobbing
B:
trade in New York has improved during the past week, but
•d.
::: I
is only fair in other sections; both here and elsewhere there
are more evidences of weakness than a week ago. Collections
C* tO ©CO <1
M M tO tO
t o 05 t o 00 CO
continue regular and are one o f the best features of the
MOO O 09 09
C
00 ^ CO ^ t o
Q O < IC O < I
CO tOC* GO M
W t o 05 CO CO
O O fc O O ^
situation.
totoe* toto I 3
C* tO
D omestic Cotton Goo ds .— The exports of cotton goods
00 M 00 03 M
CO
iC
o §•
c
p 00009
from this port for the week ending April 5 were 8,445
c S’
o
COM C M C*
O
C tO OC5<JCntO
*
packages, valued at $390,821, their destination being to the
<109 M CO CO
O OO
OM C C C i-»
03 M IO C* M
*
Ü O 09tOtO*3C
K
points specified in the table below:
c •fri
A pril 5.
1892.
1891.
Week. Since Jan. 1.
Week. Since Jan. 1
....
71.252
3,600
__
251
293
51
75
291
20
1,835
. ...
1,349
539
35,238
4,210
3,057
519
3,902
788
2,235
8,777
485
61,149
12,855
74,004
1,835
T o ta l.............................. 8,445
74,852
* From New England mill points direct
The value o f the New York exports since January 1 have
been $3,596,398 in 1892 against $3,307,852 in 1891.
The market is in an irregular condition for both brown and
bleached cottons, with a dull demand, and, except for most
populkr tickets, a weak tone. Buyers are difficult to deal
With, arid concessions in their favor are frequent, although
not openly quoted. During the week a well-known line of
low-grade bleached cottons was let out by the H . B. Claflin
Company at 5% c. per yard—-a considerable out from agents’
quotations and a fair indication of existing conditions in low
O
to ! toco tfttfe-M scn
v ; <oo» t o U> * - 1 05
00 I O D O
05 : C i
9 i 1805
© CO - J t— it*1
tan
a
com
tO M
MMMp<l
C 00909090
M COOXC*
03 M 09 > - 0 9
COM^IOOQO
M
tOtOC*
m io c o m o
COM C* tO M
p p pSlOÍMp
M
OOOOCO
OC* M ^O ^X
coco tO X tO C O M
M M
COM
00 09
C* M tO 09
C *M M C O X
Q tO CO M M
COCO
0 0 M C D *3<1M
00
O M topp
CDp
©M tOQOtOOO
CO©
00 OD
M C* tOQD ©
to O t o c o o
M X X C *M
C* ♦ * 09
“
C*
O M C *O O O Q
t0<jp9p^
M X p < *< l
Vj o o locoTc#.**.
oo
0 0 05 u t © Q O
05 I - 1 0 5
M©tf* ©00
i
to
H
<©
I C1
IK *
0 0 05 1
*-0 09
M M
COM
206,422
81,196
78,609
76,584
22,467
8,445
68
10
526
250
CO 03 tO IO M
X O O C O *—
Mcoa>jc*
M M m c*p
0 3 t0 M 0 D M
C* *3 O C * 09 $9
w c*p c*p
00<1^1C O
*C
O C * tO M O
09 09 M ^ 09
OM M M M
O M M < l©
0 0 - ^ < 1 0 9 tO
x*-c*<i<i
[
Total................................
China, via Vancouver........
SCO
55
283
435
174
1,552
m
■
'
526
• 37,438
2,315
3,636
3,902
4,893
1,299
2,087
12,622
982
to
MO
XC*
X M
M X M < 1X
'c o < i c o o o c o
C *C * t0 — O
C* CO <1 CO M
2,629,664
1,968,752
2,577,823
1,043,562
453,148
220
35
5,947
33
963
26,696
465,278
1,989,068 : 328,368
Great Britain............... ........
Other European....................
China.......................... ...........
India...............................
Arabia.....................................
Africa.....................................
West Indies....... ...................
M exico...................................
Central A m e r ic a .............
South A m erica................ ...
Other countries. . . . . . . . . . . . . .
126.340
89,706
177,699
75,477
18,958
to
8,672,949
1,839 488,180 ' 30,164
26,568 1,569,565 j 287,694 32,322,709
New Y ork
Pi sr*
0900
0 )0 9
00 o
co ’ c o o o o d
OMM^JCO
-sJMCOCOO
09
00©
tO 0 9 09 < 1 0 0
O C* I <1C *X<1C D
ato i p topa to
mcoT V^ooocfc
M^l I M
fcDM C*
M
Q tQfO<*OMCO
O
tO tO O M C O
<1X 0*00 M
tOtOpMpT©
COWjtqso
M O 09 COM
C 0<l 09*»l tO
to
09 tO t o tO tO
^03OC*M
tO M M 09 09
X^OtOCO
X X M X O
MWOpM
C0<lt0V09.
CO CO<1 CD M -X
pp09<lp
x 0 a too
9
X M O 09SI
M
<103C0C*
m£
xr
612
THE CHRONICLE.
LVo l . L IV ,
PAR VALUE OF BONDS—The canalbonds are fo r $100 and mul
tiples; the Niagara Park bonds for $1,000 each.
INTEREST—W HERE PAYABLE—Interest on the canal bonds is
paid in New York at the Manhattan Company Bank. Interest on the
Niagara Park loan is paid in Albany at office of State Comptroller.
TERMS OF SUBSCRIPTION.
T O T A L DEBT, SINKING FUNDS, Et c .—The subjoined statement
C o m m e rc ia l a n d F in a n c ia l C H R O N IC L E con showsNew York’s total debt, excluding Indian annuities, and the sink
ing fund held against the same, on the first of October of each of the
tains 4 0 to 6 4 pages published every week.
last three years.
S tate a n d City S u p p lem en t of C H R O N I C L E con
jlo a.
»
Total funded debt........................$2,804,960
tains 1 8 4 pages published several times each year.
Sinking fun ds......................
1,913,031
j.»yu.
$4,841,610
3,163,722
i» » y .
$6,652 160
4,466,625
In v e sto rs’ S u p p lem en t of C H R O N IC L E (a Cyclo
paedia of Railroad Securities) contains 1 6 0 pages published
every other month.
Net debt.................................. $891,929
$1,677,887 $2,185,534
STATE DEBT FOR OVER FIFTY YEARS .—Below we give the
amount of the State debt, including Indian annuities, at the end of the
fiscal years named.
1891.......... $2,927,655 1878........ $9,154,054 1853.......... $24,288,568
Subscription to CHRONICLE for one year $ 1 0 .0 0 ,
1890.......... 4,964,304 1873......... 36,530,406 1848.......... 23,937,248
1889.......... 6,774,854 1868......... 44,968,786 1843......... 25,257,268
which includes every issue of both S u p p l e m e n t s .
1888.......... 6,965,354 1863......... 29,784,124 1838.......... 11,256,152
1883.......... 8,473,854 1858......... 33,735,668
TAXATION .—The following table shows the assessed valuation of
T h e p u rp o se o f this S tate a n d City D e p a r tm e n t
the real and personal property, the rate of taxation for State purposes,
is to furnish our subscribers with a weekly addition to and and the amount of the tax for the years named, 1859 being the year in
continuation of the S t a t e a n d C i t y S u p p l e m e n t . In other which the State Board of Equalization was organized.
-State Tax.words, with the new facts we shall give, the amplifications
--------------Valuation.------------- , TotalEqualized Bateper
Total
and corrections we shall publish, and the municipal laws we Tear. Beal Estate.
Personal.
Valuation. $1,000.
Levied.
$5,196,666
shall analyze in the “ State and City Department,” we expect 1891.$3,397,234,679 $382,159,067 $3,779,393,746 $1-37
1890. 3,298,323,931 385,329,131 3,683,653,062 2’34
8,619,748
to bring down weekly the information contained in the 1889. 3,213,171,201 354,258,556 3,567,429,757 3-52 12,557,352
1888. 3,122,588,084 346,611,861 3,469,199,945 2-62
9,089,303
S t a t e a n d C i t y S u p p l e m e n t to as near the current date as 1887. 3,025,229,788 335,898,389 3,361,128,177 2-70
9,075,046
9,512,812
possible. Hence if every Subscriber will note in his S u p p l e 1886. 2,899,899,062 324,783,281 3,224,682,343 2-95
1876. 2,108,325,872 357,441,401 2,466,267,273 3'4536 8,529,174
m en t on the page designated at the head of each item a 1875. 1,960,352,703 407,427,399 2,367,780,102
6-00
14,206,680
reference to the page where the item in the C h r o n ic l e can 1874. 1,750,698,918 418,608,955 2,169,307,873 7-07l7 15,727,482
1873. 1,692,523,071 437,102,315 2,129,626,386 6-95
14,800,903
be found, he will at all times possess a complete and fresh 1872. 1,644,379,410 447,248,035 2,088,627,445 9-37ia 19,580,882
1871. 1,599,930,166 452,607,732 2,052,537,898 5*65% 11,613,943
cyclopaedia of information respecting Municipal Debts.
1870. 1,532,720,907 434,280,278 1,967,001,185 726J4 14,285,976
1869. 1,418,132,885 441,987,915 1,860,120,770 5‘621 10,463,179
a
1859. 1,097,564,524 307.349,155 1,404,913,679 2-50
3,512,284
The State tax for 1892 is $ l -375 (per $1,000), for the following pur
THE STATE DEBTS OF N E W Y O R K AN D poses: schools, $1‘0 0 ; canals, $0-3 7 5 ; total, $1-375.
REVENUE.—The following is a schedule of moneys received by the
P E N N S Y L VANIA.
treasury during the year ending September 30,1891:
The financial reports which we give below indicate United States direct ta x ..................................................... $2,213,330 86
State ta x...............................................................................
5,429,034 26
that both New York and Pennsylvania have paid off a Tax on corporations............................................................. 1,350,338 53
Tax on organization of corporations.................................
185,536 58
large amount of their State debts during the past year. Tax on collateral inheritances..................... ......................
890,267 54
Advances repaid to be paid from the treasury................
569,716 77
Since September 30 1890 New York has redeemed Miscellaneous receipts......................................................
328,642 36
$100,000 of Niagara Reservation bonds and $1,936,650
of its canal debt, making the total debt reduction $2,036,650. During about the same period Pennsylvania
has paid bonds to the amount of "$3,983,152. The net
debt of New York State is at present $891,929 and
that of Pennsylvania $2,988,718.
In stating the total debt of New York we omit the
item of $122,695 for Indian annuities as this is an
imaginary indebtedness and has no existence except
from the fact that a sum equal to interest at 6 per cent
on about that amount is annually appropriated by the
Legislature as annuities to the Indians.
Beferring to the redemption of New York’s debt
Governor Flower’s message to the Legislature this year
contained the following remarks :
Part of the canal debt matures on Oct. 1 next and the re
mainder on Oct. 1 1893. The balance of $491,929 01 now un
provided for will not have to be paid by tax, the Comptroller
estimates, as there is expected to be a surplus in the canal
fund revenue to meet it. If that prediction be well founded
the State has levied its last tax for the payment of the canal
debt.
The Niagara Park debt matures at the rate of $100,000 each
year, but its bonds are held by the State and can be paid at
any time from the surplus now in the treasury if the Legisla
ture so direct. They draw interest at the rate of 2 % per cent
per annum.
It will be seen from the foregoing that New York’s debt is
no burden to the taxpayers of the State.
We give the New York returns first and following
these are similar details of the debt of Pennsylvania.
N E W Y O R K S T A T E . — Tlie subjoined report of New
York’s debt bas been corrected for the C h r o n ic l e in the State Comp
troller’s office at Albany, and it shows that the total liabilities were de
creased $2,036,650 during the fiscal year ending October 11891.
LOANS,— Interest.— , ,--------------Principal.------------.
NAME AND PURPOSE.
P. Ct. Payable. When Due.
Outstandi’g.
Canal reg.stock, gold.1874 6 A & O
Oct. 1, 1892 $1,886,000
do
do
.1875 6 A & O
Oct. 1, 1893
473,000
do
do
: .......
.Past due.
45,960
G e n e r a l F und :
Indian annuities................ 6
Annually
Irredeemable.
Niagara Reservation.1885 2*3 J <fcJ |$100^6ffi)9yeariy £
122,695
400,000
Total receipts on account of general fund................. $10,966,866 90
On account of common school and other funds...............
2,345,223 45
Total receipts............. . ...................... ............................$13,312,090 35
P E N N S Y L V A N IA .—The following statement contains the
latest details concerning Pennsylvania’s debt and assets as furnished
in a special report to the C h r o n ic l e from State Treasurer Henry K .
Boyer. The bond table is corrected to March 11892.
LOAN S,— Interest.— , ,----------- Principal,----------,
NAME AND PURPOSE.
P.Ct. Payable.
When Due. Outstand'g.
Agricultural College b’ds, ’72.r 6
F & A Feb. 1, 1922 $500,000
Funding loan, 1881................. r 4
F & A Aug. 1, 1892
600
do
1879 ................ 4
F & A Aug. 1, 1904 1,550,800
(Subject to call after August 11894)
do
1881..................r 4
F & A Feb. 1, 1912 4,521,250
do
1881..................r 3*3 F & A Feb. 1, 1912 1,642,900
Proceeds of farm sale, 1887... 6
Quar. ^ ^ rV a ^ u /y.*6 \
17>
000
Past due.
134,218
Unfunded debt.......................... Has ceased.
PAR VALUE OF BONDS.—These bonds are in pieces of $50, $100
and multiples of $100.
INTEREST—W H ERE PAYABLE.—Interest on the Agricultural
College loan is payable at the State Treasurer’ s office in Harris
burg ; on all other bonds at Farmers’ & Merchants’ Bank in Philadel
phia.
T O T A L DEBT, SINKING FUND, Et c .—The subjoined statement
shows Pennsylvania’s total public debt, the sinking fund held by the
State against the same, and the State’ s unfunded debt, on the 1st of
December of the years 1889 and 1890, and on the first of March 1892.
March 11892. Dec. 1 1890. Dec. 11889.
Total public d eb t....................... $8,366,768 $12,349,920 $13,856,971
Sinking fu n d s ........................... 5,378,050
8,019,724
9,471,047
Net debt.................................$2,988,718
$4,330,196
$4,385,924
134,220
134,221
1,507,051
881,950
In the foregoing table under date of March 11892 the amount of
debt redeemed includes the amount redeemed during the fiscal year
ending Dec. 11891, $2,538,352, and the amount redeemed from Dec. 1
1891 to March 11892, $1,444,800; total, $3,983,152.
The sinking fund received during the year 1891 the sum o f
$2,177,847 84.
The sinking fund on March 1 1892 held the following securities;
Allegheny Valley Railroad bonds, $1,700,000; interest on same,
$14,167; United States 4 per cent consols, $3,000,000 at 116, $3,480,000, and cash, $183,883; total, $5,378,050.
The unfunded debt mentioned in the above table consists of relief
notes in circulation, $96,143; interest certificates unclaimed, $4,597;
interest certificates outstanding, $13,038, and bonds past due, upon
which interest has ceased, $20,414.
ASSESSED VALUATION.—The value of taxable real estate in
1889 was $2,002,942,127; in 1888 the valuation was $1,840,433,540.
U n fu n d e d d e b t (in cl’ d a b o v e ) .
134,218
A m o u n t o f d e b t re d e e m e d .......... 3,983,152
THE CHRONICLE.
A pril S, 1892. J
number of bonds issued by authority granted at a general
election Oct. 7 1879 for the purpose of securing funds to
erect necessary public buildings.
The plaintiff became
possessed of $50,000 worth, and now brings suit upon their
coupons, as their payment has been refused.
A P R O P O S IT IO N TO R E F U N D
P H IL A D E L P H IA 'S
S IX E S , r
A plan is being formulated by the city officials in Philadel
phia to refund the 6 per cent municipal bonds which fall due
to the amount of $16,387,900 within the next five years. The
object is to obtain money for the construction of the Schuetzen Park reservoir and the completion of the new boulevard.
These two projects alone will, it is estimated, cost over $12,000,000, and unless the tax rate were considerably increased
it would be many years before either of them could be accom
plished.
B o n d P ro p o sa ls a n d N e g o tia tio n s.— W e have re
ceived through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
sale.
Albany, N. Y.— (S t a t e an.d C i t y S u p p l e m e n t , page 47).
City Chamberlain Charles A . Hills will offer at public auction
on April 20 4 per cent public building bonds to the amount of
$260,000 and 4 per cent street improvement bonds to the
amount of $185,000. The public building bonds will fall dua
as follows, viz.: $5,000 on May 1 1893, and a like amount on
each succeeding May 1 to and including 1911, and the re
mainder, $165,000, will be payable May 1 1912. The street im
provement bonds will fall due $37,000 yearly from November
1 1892 to November 1 1896, inclusive. The city’s general
bonded debt on April l j 1892 was $2,082,000; water debt. $1.741,500; total debt, $3,803,500; sinking fund, $823,593; net
debt, $2,979,907. In addition to the debt as thus stated there
is a railroad loan of $1,000,000 issued to the Albany & Susque
hanna Railroad Company, and secured to the city by a first
mortgage payable, principal and interest, by the Delaware Sc
Hudson Canal Company. There are also outstanding street
improvement bonds to the amount of $680,500, payable by
special assessment on property benefited. Albany’s total as
sessed valuation is $70,389,755, and the tax rate per $1,000 is
$17-40. See advertisement elsewhere in this Department.
Benton County, M o.— ( S t a t e a n d C i t y S u p p l e m e n t , page
119.)—The County Court will receive on May 5 propositions
for funding $292,500 of 6 per cent 10-30-year bonds issued
July 1 1882 in compromise and redemption of bonds previously
issued and payable at the National Bank of Commerce, New
York. These bonds constitute the entire indebtedness of the
county, which has a valuation of over $3,000,000.
The bonds which it is proposed to refund fall due a3 follows:
In 1893...........................* $623,100 In 1896................ .-......$2,977,400
In 1894........................... 4,295,200 In 1897............ .............
799,300
---------------In 1895........................... 6,691,900
Total in five years..$16,387,900
The sinking fund is amply sufficient to pay off this loan as it
matures, so that if the bonds are refunded the Sinking Fund
Commissioners will turn over to the general city fund for ap
propriation an amount each year equal to the amount of 6 per
cent bonds maturing. In other words, the city would, under
this plan, have available for appropriation in addition to its
annual tax levy the sum of $623,100 in 1893; $4,295,200 in
1894; $6,691,900 in 1895; $2,977,400 in 1896; and $1,800,300 in
1897, or a total of $16,387,900 in the next five years.
The new bonds to be issued will probably run for thirty
years, bearing interest at the rate of 3 % or 4 per cent.
Mayor Stuart in his message published this week strongly
favors this proposition.
Lake County, Col.— ( S t a t e a n d C i t y S u p p l e m e n t , page
142.)— A suit has been entered in the United States Circuit
Court against the County Commissioners of Lake County,
Col., for $26,500.
The defendants on July 31 1890 sold a
N E W LO A N S .
SALE OF
ALBANY
Ci t y o p A l b a n y ,
)
Ch a m b e r c a in ’ s O ffice . >
A l b a n y , N. Y., April 4,1892.)
Notice is hereby given that by direction o f the
Board o f Finance the undersigned will offer for sale
at PUBLIC AUCTION at his office in the City o f
Albany, at noon o f the 20th day o f April, 1892:
PUBLIC BUILDING BO ND S$260,030, bearing interest at the rate o f 4 per cent
per annum, the principal payable as follows, viz.:
$5,000 on the first day o f May, 1893; a like amount
on each succeeding first day o f May to and including
the year lu ll, and the remainder, $165,000 (in denom
inations o f $5,000), on the first day o f May, 1912.
STREET IMPROVEMENT BONDSMadison Avenue, $45,000; Quail Street, $15,000!
A llen Street, $b0,000; Pine Avenue, $35,000, all hear
ing interest at the rate o f 4 per cent per annum, the
principal payable as follows, viz.: One-fifth o f the
amount issued on the first day o f November, 1892,
and one-fifth on each succeeding first day o f Novem
ber to and including the first day o f Novem ber, 1896.
CHAS. A . H ILLS,
City Chamberlain.
N O T IC E .
T h e F o u rth N ation al B a n k o f N ew
Y o r k City, N. Y . , having; Been ap
pointed. th e F isc a l A gen cy fo r the
State
o f K a n s a s , all| obligation s
w h ic h are payable at th e K a n sa s
F isc a l A gen cy sh o u ld bei presented
there as the same becom e due, o n and
after th e 7 th day o f A p ril, 1 8 9 2 .
Chas. M. Hovey,
A u d ito r o f State.
$ 5 0 ,0 0 0
City Cheyenne, Wyoming,
3 0 -Y E A R 6 PER CENT GOLD W ATER
AND SEWER REFUNDING BONDS.
Interest and Principal payable in New Y ork City.
Price and particulars on application.
C. H. W H IT E & CO.,
LOAN
CITY
4 Per Cent Bonds.
NEW Y O R K ,
7 2 & 74 B’way,
N EW LOANS
N EW
TACOMA, W A SH .,
Merchants’ Nat. Bk. Bdg.
613
$ 100,000
Town of Johnston, R. I.
GOLD
4s,
DUE FEBRU ARY, 1912,
At 102 1-4 and Interest,
COUPON OR REGISTERED.
F IN A N C IA L .
V IR G IN IA D EBT.
N O TIC E .
The undersigned Bondholders’ Committee hereby
give notice that they have effected a settlement o f
the debt o f the State o f Virginia, under the Bond
holders’ A greem ent o f May 12,1890, and the “ Plan,
and 'P roposition ” o f Nov. 28, 1890, and that the
D E P O SIT A R IE S, viz.:
Central Trust Company
OF NEW Y O R K .
Brown, Shipley & Company
OF LONDON
Johnston is a suburb o f Providence, from which
city it gets its water supply.
Population a b o u t ................................................ 10,000
Assessed valuation o v e r .
............ ; ..........$6,000,000
Entire d ebt......................................................... 250,000
Loan is secured by a Sinking Fund.
Tax rate 80 cents on $100.
Blake Brothers & Co.,
5 NASSAU S T R E E T , N E W Y O R K .
2 6 S T A T E S T R E E T , BOSTON.
NOTICE TO
HOLDERS OF
GAGE
COUNTY, NEBRASKA, COUN
T Y BONDS.
W h e r e vs, The County o f Gage, State o f Nebras
ka, on th e first day o f January, 4 .. D., 1892, did duly
and legally issue fifty (50) Coupon Refunding Bonds,
denominated Series “ A ,” o f one thousand ($1,000)
dollars each, numbered consecutively from one to
fifty inclusive. Said bonds payable to bearer on the
first day o f July, A . D. 1912, with interest at the
rate o f five per cent per annum, payable semi-annu
ally ; issued fo r the purpose o f refunding one series
o f Bonds heretofore issued and dated the first day
o f July, A . D. 1871, fo r the sum o f fifty thousand
($50,000) dollars, and accruing and unpaid interest
and issued to the Omaha & Southwestern Railroad
Company to aid in the construction o f said railroad
into said County o f Gage.
T h e r e f o r e , Notice is hereby given to all o f the
holders o f the series o f F ifty Bonds o f one thousand
($1 ,000) dollars each, numbered consecutively, from
one to fifty inclusive, and now past due, issued here
tofore by the County o f Gage, State o f Nebraska,
and dated the first day o f July, A . D. 1871, to the
Omaha & Southwestern Railroad Company as a fore
said; and that you shall present the same fo r e x
change and substitution a t K o U N T Z E BROTH
ERS, Bankers, 120 Broadway, New Y ork City, on
or before the 29th day o f April, A. D. 1892
T he Board o f Supervisors o f Gage County,
[SEAL»!
NphrAskA
A tte s t:
By A L E X A N D E R G R A H AM ,
A. G. KEIM,
Chairman o f the Board o f
County Clerk.
County Supervisors.
The Mercantile Trust & Deposit Co.
OF BALTIM ORE.
The Planters’ National Bank
OF RICHMOND.
W IL L RECEIVE FURTHER DEPOSITS
OF THE OBLIGATIONS OF THE STATE
FOR A LIM ITED PERIOD WITHOUT
PENALTY.
Penalties which have been collected will
be returned upon appplication.
A copy of the Yirglnia Statute has'been
filed with each depositary.
The Commission of Distribution will take
action after the books of the Committee are.
closed in accordance with the terms of the'
“ Plan and Proposition’ ’ oi Nov. 28, 1 8 90 .
NEW YO R K , March 12, 1892.
FREDERIC P. OLCOTT,
CHARLES D. D ICKEY, Jr.»
W IL L IA M L. BULL,
HUGH R . GARDEN,
HENRY BUDGE,
JOHN GILL,
Bondholders’ Committee.
G. S. ELLIS. Secretary,
64 W all Street, Ne v York.
T H O M A S B R A N C H & C O .,
4ANKERS AND COMMISSION MERCHANTS,
" R IC H M O N D , V IR G IN I A,
Circulars and information on funding the debts ( f
Virginia and North Carolina free of cost; one-eighth
ter cent charged for funding. Southern Railroad
tud State and City Bonds bought and sold
THE OHBONLFLE.
614
Brooklyn, N. Y .— (State and City Supplement, page 48.)—
The New York Legislature has authorized Brooklyn to issue
bonds to the amount of $100,000 for police station-houses.
[You I Í T .
La Grande, Oregon.— Proposals will be received till April
11 by the Recorder of the city of La Grande for $30,000 o f 6
per cent water bonds.
Los Angeles, Cal.—(State and City Supplement, page 148.)
Cincinnati, 0 .—(State and City Supplement, page 86).—
W e clip the following item from a local paper : The sinking — The Common Council’s special committee to investigate the
fund trustees have accepted control of the $150,000 of new school water question has recommended that a proposition to issue
bonds. A n amendment to the bill will be drafted by which the bonds to the amount of $100,000 be submitted to the citizens.
sinking fund will have control of these bonds without any in
Newark, Ohio.— (State and City Supplement, page 89.)—
terference from the School Board. The financial statement Street improvement bonds of the city of Newark to the
for March is as fo llow s: Receipts—Interest on bank deposits, amount of $33,000 have been sold to Messrs. Seasongood &
$29 63; water-works rent, $3,500; rents from Cincinnati Mayer of Cincinnati.
Southern railroad, $250,000; ground rents, $719 35; street
New Haven, Conn.— (State and City Supplement, page
assessments, $2,792 34. Expenditures— Redemption of bonds |
42.)—New 4 per cent sewer bonds of this city to the amount of
and coupons, $31,017 24; rents, $2,628; salaries, & c., $1,453 60;
$100,000 have been sold to Messrs. N. W . Harris Sc Co., of New
judgments against city, $998 83; balance March 31 1892
York.
$284,301 10.
Omaha, Neb.— (State and City Supplement, page 128).
East Birmingham, Pa.— Borough debt 10-20-year bonds
City Treasurer Henry Boiler will receive bids until April 25
bearing interest at the rate of 4 per cent have been bought for
for the purchase of grading bonds to the amount of $41,200,
the sinking fund of the city of Pittsburg. The amount of the
paving bonds to the amount of $50,000, sewer bonds to the
issue is $8,000.
amount of $50,000 and $100,000 of Public Library bonds. The
Galveston, Texas.— (State and City Supplement, page foregoing will all be dated May 1 1892 and bear interest at
181). City Auditor R. H . Tierman writes us that $250,000 of the rate of 5 per cent per annum, payable semi-annually at the
Galveston’s new 5 per cent bonds have been sold to Messrs. banking office of Kountze Bros., New York. The total debt
Whitaker & Hodgman, of St. Louis, Mo. No arrangements of the city, including this issue, is $1,911,100; the assessed val
have as yet been made for the disposal of the remainder.
uation for 1892 is $20,431,759; actual valuation about $160,000,000; and the population is estimated at 140,142.
G reenville, S. C.— (State and City Supplement, page 168).
— The city of Greenville has sold $75,000 of 6 per cent 30-year
Orange, N. J.— (State and City Supplement, page 66.)— A
sewer bonds to Messrs. John L. W illiam s & Son of Rich contract with the Mutual Life Insurance Company of N. Y .
for sewer bonds to the amount of $484,000 has been ordered to
mond, Y a .
Hackensack, N. J.— The Improvements Commission of the be signed by the Mayor.
tow D of Hackensack will receive bids until April 11 for the
purchase of 5 per cent town bonds to the amount of $25,000.
These bonds will be sold with accrued interest from Feb. 1
1892. The principal of the loan will fall due $5,000 yearly
from Feb. 1 1902 to Feb. 1 1908 inclusive.
Hempstead, N. Y.— The people of Hempstead, Long Island,
w ill vote at the spring election on the question of issuing
bonds for $50,000 to macadamize five miles of road;
M IS C E L L A N E O U S .
8 5 0 0 ,0 0 0
2 0 -Y E A R
6 PER
Interest and principal payable in gold coin o f pres
e n t standard o f weight and fineness.
W e commend this loan as a desirable investment
fo r trust money.
P rice and particulars on application.
FA R S O N , L E A C H & CO.,
CHICAGO,
73 Dearborn Street.
SA M ’ L A . G A Y L O R D ,
&
S T . EOITIS.
M UNICIPAL
WESTERN SECURITIES AND
BONDS
AND IN THE
Issues of Corporations
M U N IC IP A L B O N D S ,
Netting the Investor from 4 per cent to 0
per cent. W rite for Circular.
E. H. Rollins & Sons,
C O N C O R D , N. H .
W . J. Hayes & Sons,
J
BANKERS,
Dealers in MUNICIPAL BONDS.
Street Railway Bonds and other high grade In
vestments.
143 Superior St., d 10 ^ A L L STREET,
7 Exchange Place^
NEW YORK.
Cable Address, “KENNETH.”
v
Lamprecht Bros. & Co.,
BANKERS,
MUNICIPAL
BONDS.
C leveland, O h io, P erry-P a yn e B ’ ld ’ s
B o s to n , M a ss., 53 State ¡Street.
N ew Y o r k , I I W a l l Street*
CITY AND C O U N TY
BONDS.
B O U G H T AND SOLD.
N. W. H A R R IS & CO .,
15 W a ll Street, NEW Y O R K .
BOSTON
CHICAGO.
HIGH
QRADE
MUNICIPAL
A SPECIALTY.
Ed w a r d s W h i t a k e r .
Possessing
Strong Municipal Franchises.
NEW Y O R K ,
W all Street.
GRADE
B A N K E R S AN D B R O K E R S ,
DEALERS IN
BONDS
Ch a r l e s H o d g m a n
Whitaker & Hodgman,
BOND AND STOCK BROKERS,
3 0 0 N ortli F o u r th Street,
CASH ORDERS EXECUTED
H IG H
JN O . H . B L E SSIN G .
SHAW- Gaylord, Blessing & Co.,
B a ltim o r e , M a ryla n d ,
CENT
GOLD BONDS.
S T. L O U IS .
SOU TH ER N .
FISHER
City of Spokane, Wash.,
Seattle, W ash.— (State and Cit y Supplement, page 1¿3.)
— The new 5 per cent. 20-year gold bonds of this city were sold
to Messrs. Blair & Co., of New York, and Brewster Cobb Sc
Estabrook, of Boston.
Silver Bow County, M ont.— (State and City Supplement,
page 137.)—Proposals will be received until May 2 by the
Connty Clerk of Silver Bow County for the purchase of
$125,000 of 5 per cent refunding bond's. The bonds are to be
ON THE
S T . L O U IS .
BALTIMORE STOCK EXCHANGE.
Davenport & Co.,
BAN KERS
AND
B R O K E R S,
R IC H M O N D , V IR G IN IA .
ESTABLISH ED ,
1860.
Correspondence solicited and Information fur
nished about Southern State, Municipal and Rail
road Investment Securities.
New York Reference—
CHAS. M. FRY, Esq., Presl
dent Bank of New York, N. B. A.
C. W. Branch & Co.,
BANKERS AND BROKERS,
St a t e Ba n k B u il d in g ,
Geo. M. Huston & Co.
BOND AND S T O C K
DEALERS.
W e buy and sell outright all W estern
Municipal Bonds ana Stocks. W e
chee fully furnish full and reliable in
form ation concerning .any W estern se
curity without charge, w onthly quo
!
tation circular mailed to all applicants,
New issues o f municipal bonds wanted.
305 P IN E S T R E E T , ST . LO U IS , M O .
M IS C E L L A N E O U S .
Union Loan & Trust Co
SIOUX C IT Y , IOW A.
R I C H M O N D , [VA.
Private wires connecting with Washington, Balti
INCORPORATED 1886.
more. Philadelphia, New York, Boston and Chicago. CAPITAL, Paid Up in C ash ....S I,0 0 0 ,OOO
New York Correspondents: Messrs. Moore a
SU RPLU S...................... ..............
1 7 5 ,0 0 0
Schley and Prince A Whltely
A . Strassburger,
S T O C K S Sc B O N D S B R O K E R .
SOUTHERN INVESTMENT SECURITIES.
Montgomery, Ala.
Mortgage Loans
IN
Secresy Device P erfect: .Copious]Blanks: Handy Sise
NO COMMISSIONS charged borrower or lender unti
loans have proven good.
S M IT H
A supply of which it always has on hand for
sale at Current Rates.
MUNICIPAL, CORPORATION AND
SCHOOL BONDS.
No Stronger Loan and Trust Company In
the W est. Correspondence solicited.
GEO. L . JOY, Pres.
A . S, GARRETSON, Yice-Pres.
E. R . SM ITH, Sec’ y.
Prompt Attention Given to Collections.
T H O R O U G H CIPHER CODE^
TEXAS.
F R A N C IS
DEALERS IN HIGH-GRADE COM
MERCIAL PAPER,
Sc C O .,
SAN ANTONIO, TEXAS.
(S i.50 each.) ($3.00 pair.) ($15.00 doz.)
GET IT PROM
P U B L ISH E R S,
BURNZ & CO.
2 4 Clinton PI.
or
C. BURNZ»
5th Floor,
33 W all St.
A pril 0 1892.]
THE CHRONICLE.
ix
cial condition has been corrected to date by means of a report
furnished us by C. H . Fairty, Town Treasurer.
New Canaan is in Fairfield County.
LOANS—
When Due. Total debt Mar. 1 1892. $48,500
F u n d e d D e b t B on ds—
Tax valuation, real........ 1,051,942
4s, A&O, $11,000___April 1, 1899 Tax valuation, personal. 231,531
R a il r o a d a n d W a r B o n d s Total valuation 1892___ 1,283,473
48, A&O, $27,500... .April 1 1911 Equalized valuation.......1,243,876
Subject to call after Apr. 1 ’91
Assessment about *2 actual value.
Bonded debt Mar. 11892.$38,500 Total tax (per $1,000).........$12-00
Floating debt..................... 10,000 Population in 1890 was........ 2,701
INTEREST on the railroad and war loan is payable at the Middletown Savings Bank, Middletown, Conn., and on the funded debt bonds
at the office of Coffin & Stanton, New York City.
dated July 1 1892 and will mature July 11917 with an op
tion of call after July 1 1907. These bonds are to redeem the
entire indebtedness of the county, which consists at present of
7 per cent bonds to the amount of $100,000 and 6 per cent
bonds to the amount of $25,000. The county’s tax valuation
in 1891 was $20,260,599, and the actual value of property is es
timated at $35,000,000.
T a lb ot County, M d.— (State and City Supplement, page
81.)— The $33,000 of 5 per cent bonds recently advertised by
this county were not sold, as no premium was offered for the
same. Many of the holders of old railroad 6s which matured
on April 1 1892 are now exchanging them for bonds of the
n ew issue.
Tonawanda, N. Y.— (State and City Supplement, page
59.)— The village of Tonawanda has voted to issue $20,000 of
bonds for the completion of its sewerage system.
Waco, Texas.— (State and City Supplement, page 182).
Sewer bonds of this city to the amount of $30,000 have re
cently been sold to H . S. Palmer, of Milwaukee, W is. The
bonds bear interest at the rate of 6 per cent and the selling
price was 95 and accrued interest.
Youngstow n, O h i o — (State and City Supplement, page
91.)— City grading and curbing bonds to the amount of $9,000
were recently sold to Messrs. Spitzer & Co. of Toledo. The
firm paid a premium of $227 50 for the bonds.
Texas, Waco.— (State and City Supplement, page 182).
The recent information concerning W aco’s debt, which is in
cluded in the following statement, has been sent us by John
Jones, City Clerk. Street improvement bonds to the amount
of $100,000 are as yet unsold.
This city is in McLennan County.
When Due. 5s, J&J, $40,000........ July 1,1921
LOANSCi t y H a l l B o n d s—
St r e e t B o n d s—
6s, J&J, $25,000.......Jan. 15,1907
5s, A&O, 150,000........ Oct. 1,1919
5s, J&J, $40,000....... July 1,1919 5s, M&S, 100,000........ Sept. 1,1920
5s, J&J, 150,000........July 1,1921
5s, J&J, 40,000.......July 1,1921
Waco & N.W. ER.—
Se w e r B o n d s—
6s, J&J, $20,000........ Jan. 15,1907 6s & 8s, M&N, $42,000......................
TOTAL BONDED DEBT March 1 1892 was $662,000; floating
debt $10,000; total debt $672,000. Sinking funds, $65,000; ne
debt March 1 1892 $607,000. Total value of property owned by city
6s, A&O, $55,000.......Oct
1,1907
F u n d in g B o n d s —
STATE AND CITY DEBT CHANGES.
W e subjoin reports as to municipal debts received since the
publication last week of our State and City D epart
ment. Some of these reports are wholly new and others cover
terns of information additional to those given in the S upple
ment, and of interest to investors.
$361,114.
ASSESSED VALUATION in 1892 was $10,641,814; in 1890, $8,337,951; in 1889, $6,757,586. State and county tax rate in 1892 (per
$1,000), $3-30; city and school tax, $16-80; total, $20-10. City tax
rate in 1890 (per $1,000), $16-80 ; county tax, $3-40; State tax, $1-60 ;
total, $21-80. Property is assessed at one-half of its actual value.
Connecticut—New Canaan.—(State and City Supple
POPULATION.—The population in 1890 was 13,067 ; in 1880 was
7,295.
ment, page 42.)—The following statement of this town’s finan-
_______C H IC A G O .
C H IC A G O .
C H IC A G O .
Title Guarantee & Trust The Jennings Trust Co., The Merchants’ Loan &
185 D E A R B O R N S T ., C H IC A G O .
Trust Company,
Company
OF
CHICAGO,
» 3 , 9 4 «& 96 WASHINGTON STREET.
Capital, paid-up.......................... $ 1 ,6 0 0 ,0 0 0
Undivided earnings, including
surplus.........................................
3 3 0 ,0 0 0
Deposited with State Auditor. .
3 0 0 ,0 0 0
GU ARAN TEES TITLES TO R E A L ESTATE.
Oilers investors in real estate securities
protection afforded by no other system of
doing business.
Is authorized by law to act as Registrar o f Stocks
and Bonds, Executor, R eceiver and Trustee for
Estates, Syndicates, Individuals and Corporations.
Trust moneys and trust securities kept separate
fro m the assets o f the Company.
CAPITAL, PAID U P , --------$500,000
S U R P L U S ,............................. $25,000
NEGOTIATES GROUND RENTS in the City o f
Chicago. Takes entire charge o f estates. A cts as
agent fo r the registration and transfer o f bonds and
stocks and the payment o f coupons, interest and
dividends. Authorized by law to receive and execute
trusts o f every character from courts, corporations
and individuals. A legal depository fo r court and
trust funds.
INTEREST ALLO W ED ON DEPOSITS o f money,
which may be made at any time and wlthdrawnlafter
five days’ notice, or at a fixed date.
TRUST FUNDS AN D TRUST INVESTMENTS
are kept separate and apart from, the assets o f the
Company.
CORRESPONDENCE SOLICITED.
BANK
C H IC A G O .
Corner Dearboruand Washington Streets,
ESTABLISHED 1 8 57 .
Capital (paid in)............................$ 3 ,0 0 0 ,0 0 0
Surplus and undivided pi lflts... 1 ,5 0 0 ,0 0 0
$ 3 ,5 0 0 ,0 0 0
J. W . DOANE, President.
P.
YO E. V ice-P resident
ORSON SMITH, Second Vice-President.
F. C. OSBORN, Cashier.
F . N. W IL D E R , Assistant Cashier.
TRUSTEES.
M A R SH A L L FIE LD ,
J. W .D O A N B ,
----- ---------P. L. YOE.
C. H . MCCORMICK,
JOHN DE KOVEN,
GEO. M. PU LLM AN .
A L B E R T KEEP.
A . H . BURLEY,
JOHN T Y R R E L L ,
E. T. W ATKINS,
L A M B E R T TREE,
ERSKINE M. PH ELPS.
ORSON SMITH.
DIRECTORS.
OFFICERS:
G W Y N N G ARN ETT, President.
A . H . SELLERS, Vice-President.
A R C H IB A L D A . STE W A R T, Secretary.
CHAS. R. LA R R A B E E , Treasurer.
DIRECTORS:
Gwynn Garnett,
Chas. W . Drew,
W . D. K erfoot,
John P. W ilson,
G eorge C. W alker,
Edson Keith,
J oh n G. Shortall,
Geo. M. Rogue.
J oh n DeK oven,
A . H . Sellers.
Samuel B. Chase,
COUNSEL:
W . C. Goudy,
John P. W ilson,
A . W . Green,
A . M. Pence,
Illinois Trust & Savings
Bank.
C H IC A G O , I L L .
CAPITAL AND SURPLUS, - $3 ,3 5 0 ,0 0 0
INTEREST ALLOWED ON DEPOSITS.
This Bank is directly under the jurisdiction and
supervision o f the State o f Illinois, is a LE G A L
DEPOSITORY fo r Court Moneys, and is authorized
t o act as TRUSTEE. EXECUTOR, RECEIVER and
ASSIGNEE fo r ESTATES, IN DIV ID U ALS and
CORPORATIONS.
OFFICERS:
John J. Mitchell, President.
John B. Drake, Vice-President.
W m . H . Mitchell, Second Vice-President,
W m . H. Reid, Third Vice-President.
Jam es S. Gibbs, Cash’r. B. M. Chattell, A ss’t Cash’r.
DIRECTO RS:
J o h n McCaffery,
J ohn B. Drake,
L. Z. Leiter,
W m . H. Reid,
W m .H . Mitchell,
John J. Mitchell,
W m . G. Hibbard,
J. C. McMullin,
0 . B. Shipman,
J. Ogden Armour,
Frederick T. Haskell.
Banking in all its Branches Transacted*
CHAS H . H U LBU RD,
A ZE L F. H A TCH ,
A N D R E W C. LAUSTEN
M. W . KE R W IN ,
MAURICE ROSENFELD
SAAC N. PE RR Y ,
SAMUEL D. W A R D ,;
J. R . W A LSH ,
OTTO YOUNG.
F oreign exchange bought au sold.
Travelers’ Letters o f Credit and Comm ercia.
Credits issued, available in principal cities through
ou t the w orld. Cable transfers made.
J. G. ORCH ARD, Mgr Foreign Dept.
A . O. SLAU GH TER, Member N. Y . Stock Exohange
W M . Y . B AK ER , Member Chicago Stock Exchange
OFFICERS.
J. R . W A L S H , President.
ISA A C N. P E R R Y , Vice-President.
SAM UEL D. W A R D , Treasurer.
L Y M A N A . W ALTO N , Cashier.
F R AN K L IN H A T H E W A Y . Secretary
J. B. B r e e se , Member New Y ork Stock E xch an ge
D. M. Cu m m in g s , Member Chieago Stock Exchange
Breese & Cummings,
BANKERS AND BROKERS,
111 A N D 113 M O N R O E S T R E E T ,
CHICAGO
Securities listed in New York, B oston or Chicago
carried on conservative margins.
Union National Bank,
C H IC A G O .
P aid-up C apital.
Surplus,
-
-
-
$ 2 ,0 0 0 ,0 0 0
7 C0 ,0 0 0
A . O. Slaughter & Co.,
BANKERS,
1 1 1-11 3 LA SALLE STREET,
C H IC A G O , IL L S .
Chicago Securities Bought and Sold.
Herman Schaffner & Co.
BANKERS,
COM M ER CIAL PAPER
S. W , Cor. D earborn & M a d iso n S ts.,
C H IC A G O , I L L .
Henry C. Hackney,
115 DEARBORN STREET,
A regular Banking Business Transacted. A ccounts
o f Banks and Bankers, Mercantile and Manufacturing
Firms or Corporations, received on favorable terms.
Foreign Exchange Bought and Sold. Commercial
and Travelers’ Credits, available in all parts o f the
globe, issued. Telegraphic Transfers made with all
rindpal European and Dom estic Points. United
tates and other first-class Investment Bonds dealt in.
IN V E S T M E N T S E C U R I T IE S ,
CORRESPONDENCE SOLICITED.
Paying 8 per cent and 13 per cent for sale
C H IC A G O .
H IG H GRADE
THE CHRONICLE.
X
_______ t&otton.________
Walter 1. Hatch,
H enry Prescott Hatch,
Arthur Melvin Hatch
Members of N. Y. Stook and Produce Exchanges.
IN M A N , SW A N N & Co
MERCHANTS1
YORK.
New Y o r k .
COTTON OF ALL GRADES SUITABLE TO
WANTS OF AMERICAN SPINNERS.
& CO.,
New Orleans, La.
COMMISSION
BROS.,
MERCHANTS,
16 to 2 2 W illia m Street, N ew Y o r k .
EXECUTE ORDERS FOR FUTURE DELIVERY
C O M M IS S IO N M E R C H A N T S ,
No. 40 Exchange Place,
C O TT O N
NEW YO RK.
at the NEW YORK, LIVERPOOL AND NEW OR
LEANS COTTON EXCHANGES. Also orders for
MEMBERS OF THE STOCK, COTTON, COF
FEE AND PRODUCE EXCHANGES,
New Y ork .
at the NEW YORK COFFEE EXCHANGE, and
Orders executed on the above Exchanges as well
M In New Orleans, Chicago and foreign markets.
at the NEW YORK PRODUCE EXCHANGE and
the CHICAGO BOARD OF TRADE.
STRAUSS & CO.,
Savannah and
New Orleans.
COTTON
& C O .,
BANKERS AND BROKERS
BOSTON,
MASS.
C O F F E E
G R A IN
AND
COTTON EXCHANGE BUILDING,
NEW Y O R K .
P R IC E , R E ID A CO.,
N orfolk, Va.
PR IC E , R E ID & AD AM S, Lim ited.
Charleston, S. C.
Special attention given to correspondence with In
terior Cotton Merchants and Buyers for the pur
chase and sale of Cotton both on spot and for future
delivery.
E xecute orders fo r cotton for foreign and domestic
shipment.
Hopkins, Dwight & Co.,
J. O. BLOSS & C O .,
J. O. Bloss.
Geo. H. Chubch, Special
COTTON
COTTON. COTTONSEED OIL
MERCHANTS,
22 W illia m Street,
NEW Y O R K .
AND
SOUTHERN PRODUCE
MERCHANTS,
* COMMISSION MERCHANTS,
COTTON EXCH A N G E B U ILD IN G , NEW
Y O R K , and N O R FO L K , VA.
COTTON, COFFEE, GRAIN, PROVISIONS AND
STOCKS.
Orders executed in New York, Chicago &Liverpool
Lucius Hopkins Smith.
Samuel Hopkins.
Crenshaw & Wisner,
1 6 & 18 E x c h a n g e P lace, N ew Y o r k .
C O M M ISS IO N M E R C H A N T S .
Members of the Cotton, Coffee and Produce Exch’s,
THE H A X A L L CRENSHAW CO.,
OOITON
MERCHANTS,
LIYEBPOOL COBBISPONDXNTS,
SULPHUR MINES COMPANY
Fifth Avenue Hotel,
OF VIRGINIA.
High-Grade Pyrites, free from Arsenio.
Ma s s a s o i t H o u s e ,
1 1 1 2 W a ln u t St., St. L o u is, Mo
Offices £ , 6 & , 8 E x ch an ge P lace, N. Y
I
Manufacturers of
AND OF
B A G G IN G F O R COTTON.
In addition to mills at St. Louis and Charlestoi
nave just completed at Greenpolnt, Brooklyn, tb<
largest, best equipped and best located
CORDAGE
AND
B A G G IN G M IL L
IN ANY COUNTRY.
SLOW SPEED, MULTIPOLAR R A IL
W A Y DYNAMOS.
LINE APPLIANCES POR COMPLETE
CLETELAND,
OHIO.
Way land Trask & Co.*
BANKERS A ID BR O K ERS,
M a d iso n Square, N E W Y O R K ,
The largest, best-appointed and most liberally
managed hotel in the city, with thè most central
and delightful location.
HITCHCOCK, DARLING & CO.
The American
Manufacturing Company
CORDAGE
AND
OVERHEAD CONSTRUCTION.
F R E D E R I C Z E R E G A * GO.
W O R K E R S OF F IB R E IN TH E WOBEI
Gearless,Single Reduction
Geo. H. McFadden & Bro.
RICHMOND. YA.
Standard Brands of Flour for Shipment to Warm
Climates always on hand.
T. A H OBST
way Company.
P H IS . I D E L P H I A i
AGENCY OF
TH E
The Short Electric Rail
Double Reduction Motors»
W. D. Rountree & Co.,
Room 59, Cotton Exchange Building,
NEW YORK
Gustavus C. Hopkins.
Charles D. Miller.
Members of New York and Boston Stook Exchange*
Cenerai Commission Merchants.
LIVER PO OL.
COMMISSION
HIGH GRADE INVESTMENTS
P R O V IS IO N S
Members New York Cotton Exchange, New York
Produce Exchange, New York Coffee Exchange,
Chicago Board o f Trade.
Orders executed on any o f the above Exchanges,
also fo r purchase and sale o f cotton fo r future de
livery in New Orleans and Liverpool. Liberal ad
vances made on-cotton consignments.
MERCHANTS
48. B R O W N ’ S BUILDINGS,
O
F. H. Prince & Co.,
Hubbard, Price & Co.,
STRAUSS & CO.,
Manchester, and at principal Cotton Centres
on the Continent.
STR A U SS
^
Dealers in investment stocks and bonds.
Personal attention given at the N. Y. Stook Ex.
change for the purchase and sale on commission or
stocks and bonds for cash or on margin.
Interest allowed on deposits, subjeot to draft at
sight.
Henry Hentz & Co.,
DUBB & CO.
Montgomery, Ala.
LEHMAN,
LEHMAN
W . T . Hatch & Sons,
14 Nassau Street, New York.
COTTON MERCHANTS*
16 T O 22 W ILLIAM S TR E E T,
LIH1LAN, STKKN
LTV,
I fittîm c ia l.
b e lim i.
W OODW ARD
& ST IL L M A N ,
NEW
[V ol .
S P R IN G F IE L D , M ASS.
THE BEST-APPOINTED HOUSE IN WESTERN
NEW ENGLAND.
Convenient for the tourist or business man. Near
Union Depot.
w > H ( C H A P IN .
Cahoone & Wescott,
18 W a ll Street, N ew Y o r k .
Transact a general hanking bnsiness, including
the purchase and sale on commission of securltie
dealt in at the New York Stock Exchange.
WATLANB TBASK,
THBODOBE BALDWIN.
ALTBKD N. RANKIN.
Hatch & Foote,
7 PINE STREET, NEW YORK.
IN V E S T M E N T
S E C U R IT IE S ,
E. D. Shepard & Co.,
Members New York Stock Exchange,
SUCCESSORS TO
18 W A I ili S T R E E T .
A U G . T . PO ST, Banker,
Government and Investment
Bonds.
Stocks and Bonds Bought and Sold on Commission.
D REXEL BUILDING, BROAD ST., N. Ï .
State, County and City Bonds.
@FedFRASER