Full text of Commercial and Financial Chronicle : August 11, 1894, Vol. 59, No. 1520

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H U N T ’S M E R C H A N T S ’ M A G A Z IN E ,
REPRESENTING- T H E IND U STR IA L AND COMMERCIAL INTERESTS OF TH E U N IT E D STATES
[E n te re d aooording t o A ct of C eneress, In t e e y e a r 1894, by t h e ffu jjA M B. P aha C o m p r i t , In tn a . » » of tu » Ut>r a r la n Ot C o n g re« .]

NO. 1520.

SATURDAY, AUGUST 11, 1894.

VOL. 59.

Week End’g JvXy 2 8 .

Week Ending August 4.
®

t o

ü

i ( k

1894.
N ew Y o r k ...........................
Sale» of—
.
.

Terms of Subscription—Payable In Advance:
F o r O ne Y e a r............................................................- .................92
E o r S ix M o n ths..................... .....................................................
22
E n ro p ean S ubscription (including p o sta g e )...........
E u ro p ean S u b scrip tio n S ix M onths (including p o sta g e ).
7 00
Armual S u b scrip tio n in L ondon (including p o s t a g e ) ....* 2 10s.
S ix Mos.
do.
do.
do.
...£ 1 1 0 s .
T he I nvestors ’ S u ppl e m e n t of 160 p ag es is issu ed ev ery o th e r
month, o n th e la s t S a tu rd a y s o f J a n u a r y ^ a r c h .M a y , J u ly , S eptem ber
in d N ovem ber, an d fu rn ish ed w ith o u t e x tr a ch arg e to a ll su b scrib ers
Ch r o n ic l e fo r six m o nths o r longer.
T he State and Cit y Su ppl e m e n t of 184 p ag es is also g iv en to ev ery
yearly su b scrib er of th e Ch r o n ic l e .
a
V F ile co v ers a re sold a t 50 cen ts each, a n d to n ew 8U^®®r^ ® rs
y e a r one file cover is su p p lied w ith o u t c h a r g e ; p o sta g e on th e sam e is
18 cents.

Terms of Advertising—(Per Inch space).

O n etim e....... ....................... . $3 50 T hree M onths (13 tim e s).. $25 00
(26 “ ) .. 43 00
3 n e M onth
(4 tim e s ).. 1 1 0 0 Six M onths
Cwo M onths
(8 “ )-• 18 00 T w elve M onths (52 “ ) . . 58 00
(The above te rm s fo r one m o n th a n d u p w ard a re fo r sta n d in g cards.)

London Agents:
M essrs. E d w ar d s & Sm it h , 1 D ra p e rs’ G ard en s, E . C., w ill ta k e subBriptions a n d ad v e rtise m e n ts, a n d su pply single copies of th e p a p e r
t I s . each.
W I L L I A M B . D AN A, C O M P A N Y ., P u b lis h e r s ,
P i n e S tre e t, N . W . C o rn e r o f P e a r l S tr e e t,
*OST Of f ic e b o x 958.
NEW Y O R K .

CLEARING HOUSE RETURNS.
The following table, made up by telegraph, etc., Indicates
that the total bank clearings of all the clearing houses of -the
United States for the week ending to-day, August 11, have been
1754,349,174, against $803,581,231 last week and $765,664,647

Cl e a r i n g s .

Returns bv Telegraph.

Week Ending August 11.
1894.

1893 .

Per Cent.

N e w O rle a n s . . . . . . . - - - ............

$ 3 2 3 ,203,362
58,407,339
39 ,5 2 5 ,2 8 0
9 ,7 15,629
70,443,313
18,326,130
4,547,194

$37 5 ,8 3 1 ,0 9 3
55,29 7 ,2 6 2
38,88 6 ,1 1 4
10,392,259
54,31 8 ,0 4 9
13 ,4 2 7 ,1 7 3
4,46 7 ,9 5 5

-1 4 -0
+ 5-6
+ 1-6
- 6-5
+ 2 9 -7
+ 3 6 -5
- 1*8

S e v e n c itie s , 5 d a y s . . . . . .
O th e r e itle s , 5 d a y s . . . . . . . . . . .

$ 5 2 4 ,168,247
105,978,623

$55 2 ,4 1 9 ,9 0 5
88,57 4 ,2 1 9

- 5-1
+19*6

T o t a l a ll c itie s , 5 d a y s . . . .
A l l c itie s , 1 d a y . . . . . . . . . . . . . . .

$630 ,1 4 6 ,8 7 0
124,202,304

$6 4 0 ,9 9 4 ,1 2 4
1 2 4 ,67 0 ,5 2 3

- 1*7
— 0*4

T o ta l a l l c i tie s f o r w e e k ..

$ 7 5 4 ,349,174

$765,664,647

-

1*5

The full details of clearings for the week covered by the
bove statement will be given next Saturday. We cannot, of
ourse, furnish them to-day, bank clearings being made up by
tie various clearing houses at noon on Saturday, and hence in
he above the last twenty-four hours of the week have, to be
i all cases estimated, as we go to press Friday night.
We give below our usual detailed figures for the previous
reek, covering the returns for the period ending with Saturlay noon, August 4, as well as the comparative totals in 1893.
Compared with the preceding week, the aggregate exchanges
how an increase of sixty millions of dollars, the gain at New
fork being twenty-four and a-half millions. Forty-three of
he cities record gains over the corresponding week of 1893,
>ut in the total for the whole country there is a decline of 13'7
>er cent. The most important gains are at Denver, 174*5 per
ent; Portland, Ore., 99*6; Birmingham, 98*5; Spokane, 96*3;
Kansas City, 94*4, and Louisville, 90*1 per cent._ The heaviest
osses have been at Buffalo, 50*7 per cent; Springfield, Mass
¡4*1, and drand Rapids, 21*4 per cent.




412,455,337

1893.

$

550,086,119

(1,764,489)
(604,949)
(Stockt.............shares.)
(Grain .............. butlUU.) (22,338,722) (32,716,787)

1894.

. Pent,
-25*0

P. Cent

387,790,444

B o s to n ............................
P ro v id e n c e ............ .
H a r tf o r d ..........................
N ew H a v e n . . . . .............S p rin g fie ld .................. *•
W o rc e s te r................
P o r tla n d ....
P a ll R iv e r .......................
L o w e ll.......................... •
N ew B e d fo rd ..................
T o ta l N ew E n g la n d .

70,836.804
4,062,900
1,871.812
1,242,960
1,062,420
1,205,124
1,087.303
676,456
562,665
338.820
82,947.264

82,208,492
4.713.900
2,256,524
1,586.618
1,399,429
1,149.822

P h ila d e lp h i a ....
P itts b u r g ............
B a ltim o re ...........
B uffalo.................
R o c h e s te r..........
S y r a c u s e ...........
W ilm in g to n .....
B in g h a m to n .. . .
S c r a n to n * .........
T o ta l M id d le .

57,773,628
11,366.720
12,' 80.703
3,646,286
1,514,811
2,223.131
731,337
780,017
296,000
741,358
90,417)633

63,890,417
11,581,519
14.495.859
7,395.827
1,500.322
2,457.727
761,795
954,995
297,000
103,338,461

53,180,070
12,364,990
11,741,854
3,689,430
1,342.634
1,257,974
659,269
661,361
372,200
861.461
85,269,772

C h ic a g o .......................
C in c in n a ti....................
M ilw a u k e e .......... .
D e tr o it.........................
C le v e la n d .... ...........
C o lu m b u s .................
P e o r i a . . ; . ............... .
I n d ia n a p o lis ..............
G ra n d R a p id s ............
L e x in g to n ...................
S a g in a w ...................... ■■
B ay C ity ................ •••■
A k ro n .........................
S p rin g field , O ............'
C a n to n .........................
T o ta l M id d le W e s te m .

87,413.100
11,337,000
4,142,569
5.668,781
4,656,726
3,163.600
1,643,473
1,364,789
778,373
341,144
327,687
262,643
217.924
133.680
138.304
121,594,693

76,427,755
9,503.750
2,713,121
6,368.828
4.737,319
2,761,500
1,511,012
876,108
990,664
228,159
3^7.147
251,781
195,000
155,326
134.197
107,181,757

74,790.786
10,916,600
3,420,772
4,818.166
4,684.285
2,690,000
1,764.230
1,295,307
639.539
329.579
287,421
233,764
153,248
109,756
140,810
106,274,263

W ashington....

S an F ra n c iso o ..
P o r tla n d .. . . . . . .
S a lt L a k e C ity .
S e a t tle ................
T a c o m a ..............
L os A n g e le s ....
H e le n a ................
S p o k a n e .............
S io u x P a lls .......
P a rg o * ......... .
T o ta l P acifio .

13,970,053
1,086,139
944,130
466,725
391,672
788,428
576,123
275,114
110,243
119,608
18,608,627

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

8,971,289
4,563,840
4,642,859
3.269,895
2,874,058
2,499,705
1,424.378
678.102
1,006,406
416,462
299,152
566,712
93,955
61,2u0
31,257,613

S t. L o u is ..................
N ew O r le a n s ...........
L o u isv ille ................
G a lv e sto n ...............
H o u s t o n . . . .............
R ic h m o n d ................
S a v a n n a h ................
M e m p h i s ...............
N a s h v ille .................
A t l a n t a ..................
N o rfo lk ....................
D a lla s ....................... .
W a c o ^ . . . . . . ...........
P o r t W o r t h ...........
B irm in g h a m ..........
J a c k s o n v ille .. . . . . .
C h a tta n o o g a ..........
T o ta lS o u th e rn .

21,796,881
6.214.324
5.850.000
1,447,458
1,844,058

T o t a l a l l ......... ...........
O u ts id e N ew Y o rk .
M o n tr e a l................
T o r o n t o ..................
H a l i f a x ............... ..
H a m ilto n ..............
W in n ip eg .* .............
T o ta l C a n a d a ...
* N o t In c lu d e d i n to ta ls .

1,221,608

596,922
607,822
407,824
96,097,961

-28*7

(714,282) (-65-5)
-65-7)
—31-7) (34,082,800) (—32-2)
—15*3
67,309.955
-1 3 -8
—23-2
3,776,400
-1 3 -8
-17*0
1.504,987
—15-7
-25*0
1,120,527
—19-1
—15-4
1,042,964
-2 4 -1
—i; t>
1,043,056
+ 4 '8
+ 22*8
-110 1,128,530
+3-9
578.758
+13*3
+4*3
605,366
-7 -4
—21*5
308,940
—16-9
—15*5
78.419,203
-1 3 -7
-9 6
—1 9
—1 6 7
—50-7

+ 10

—9-3
—4*0
-1 8 -3
-0 -3

+13-4

- 10*1

_ 4 '0
—9-5
-4 8 -9
+1-9
-9*1
—1 8 8
—25*6
+20-9

—12-0
+3*5
+18-6

+10-2
-1 4 -5
—2-6
-7 -6
+39-4
+24-7

—8-2

+45-9
-8*9
—14*5
-2 3 -3
—33-5
-7*0
+3-9

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

—22*1
+38-8
+255
+8-9
+17*4
—15-0

+24*0

15,021,965

-4 -2
+71*3

+40-2

8,152.306
4,933.256
4,180,397
2,885,668
2,336,328
2,421,416
1,378,769
471,661
930,227
352,810
299,152
387,614
67,531
66,300
28,853,435

1,092,432
1,039,019
874,516
918,073
8)5.256,
970,680
516,000,
549,463
272,180
310,884
188,860
46,300,074

16,861,857
6,130,557
3,076,901
1518.602
1,450,000
2,067,815
912,515
613,633
708.201
711,341
865,724
680.687
300,000
325,000
137.135
258,144
217,854
86,896,906

+255

+22*4
19,218,557
—6-0
5,416,719
+863
6,678.521
—11-7
1,295.137
+17*8
1,590,044
-5 * 7
2,027,727
+9*3
958,456
1,144,214 +106-2
799,338 H-18-2
-8 -3
649,467
-12-6
784,9»0
+57*4
1,014,170
524,252 +102*4
+25-0
375,000
248,204
—11-8
280.064
-1 6 -5
164,526
+19*7
42,198,336

803.581,231

930.899.882

-1 8 -7

743,827.418

391,126,904

380,813,763

+2*7

356,036,974

9,594,647
4,752,000
1,181,334
666.461
802,936
16,184,442

12,827,662
5,891,474
1,381.555
729,811

2.100.000

15,008,415

20,830,602

+ 8*2
- 8*6

-1 6 -1
+99*7
+52 8
+25-8
+23*6
+72*0
—7*7
—18*6
+18-2
—16-2

+12-6
+23*8

-W9

—22*3

- 18*2

15,028,446
4,845,772
1,125,476
515,509

-28*3

21,615,203

-1 8 -2

—4*1
+ 6*1

-1 6 -1

THE CHRONICLE.

206

THE FINANCIAL SITUATION
The Senate and House, according to latest advices,
appear not to have harmonized their differences with
respect to tariff legislatim. All the week the public
have by turns been in a fever or a chill over the re
ported situation of the Conference Committee. Last
Saturday business circles were in a glow of pleasure and
delight because an agreement was said to have been
effected. This was followed Monday and Tuesday by a
complete reaction, for it was reported, according to the
dispatches to the daily press on those days, not only
that no agreement had ^been reached but that
no agreement was possible; not only that no evi
dence of harmony was apparent but that a spirit of
discord was in control, the two houses being farther
apart and more belligerent than ever. Thursday morn
ing brought another absolute change in feeling conse
quent upon the unqualified announcement that every
difference had been adjusted and a full settlement se
cured. In face of this assurance it was not twelve
hours before the public was in the “ doldrums” again
with the longed for settlement asserted to be hopeless,
the committee quarreling over trifles and about to re
port a disagreement. These changes may be reason
able and the present entanglement defensible—we al
ways like to think well of our law- makers— but at this
distance the whole affair looks childish.
An important feature in the influences of the week
has been the condition of the corn crop and the specu
lation in that product based upon current reports of
extensive damage by drought. During nearly the
whole week the price of corn has ruled above that of
wheat for the September option, and the transactions
in it have been enormous, especially in Chicago. This
crop injury has not been reflected in prices at the
Stock Exchange. Holders of securities look for a
large general business when the work of Congress is
finished, which it is expected will be a full com
pensation for, or at least go far towards making
up, any deficiency in corn tonnage. Another
feature that has favored the growth of \ confidence has
been the fall in foreign exchange. No doubt this de
cline will mark the end of gold exports unless the
difficulties between our legislators at Washington
should greatly delay or endanger the prospects of
enlarged Government revenue. Still another hopeful
circumstance has been the little better industrial out
look which continues to develop and is so clearly evi
dent from our latest statement of weekly railroad
earnings, from the increased number and capacity of
the iron furnaces in blast remarked upon below, be
sides being evident too in the current trade reports.
In view of the fact, commented upon in another
article, that there remained in warehouse June 30
$44,867,287 worth of merchandise, of which $43,182,922 was dutiable, attention has been called to the
effect upon the money market of the release of these
goods if the new tariff ever goes into operation.
Erom the date of the passage of the measure import
ers will begin their arrangements for the withdrawal
of goods in bond. Even now such withdrawals are in
progress, chiefly because of the requirements of trade,
and in part also because of the deterioration in values
through changes in styles, which makes it necessary
promptly to market the goods. But when it becomes
certain that the pending measure will pass, such with
drawals will naturally increase in volume, and the




fVoL. LlX,

demand f >r money with which to pay duties w ill
become important.
Tne la'ge3t items embraced in the above-mentioned
total are linens, silks, tobacco and manufactured and
raw wools. S >me of the dres3 goods which have
been imported during the fiscal year, or at least
since the tariff qnestioa began to be discussed in Con
gress, have been sent hither on consignment to be paid
for when sold. To the extent that these have been
disposed of remittances have been made, importers pre
ferring promptly to settle, as they could obtain money
here at 3 to 3% per cent, while their current accounts
abroad commanded 5 per cent. In some cases, in the
opinion of the foreign bankers, such settlements have
also been made for goods which have not been sold;
more especially goods of such standard quality as to
make it probable that they could readily be marketed
whenever it was desirable to offer them, and it is likely
that considerable quantities of this class of goods are
now in bond paid for. Payment then remains to be
made to the foreign shipper for a portion of the raw
material which is now lying in bond and for part of
the manufactured goods; but what proportion of the
whole cannot be even approximately determined.
Some of the banks have been and are now offering
facilities to importers to carry certain articles, such as
wool, tobacco and other staples, loaning at about 5 per
cent for ninety days to four months, with the privilege
of renewal, on notes secured by warehouse receipts of
the goods as collateral. Even after these articles come
under the operation of the tariff they may still be car
ried by the banks until such time as will suit the con
venience of the importers, so that they will gradually
be released from bond and go into consumption. It is
likely, therefore, that there will be no particular d is
turbance of the money market arising from the opera
tion of the tariff bill, so far as payment for imported
goods is concerned. And indeed, as withdrawals of
dutiable goods will be in response to the demand for
consumption it does not seem probable that there will
be the least disturbance on account of duties.
Last week's bank statement showed a gain of $670,900 in loans, which though small is encouraging, for
the reason that it follows decreases each week since
July 14 inclusive, the decreases amounting altogether
to $2,119,700. The specie was reduced $96,000 and
the legal tenders’$3,369,800, reflecting exchanges for
gold exported, making the total loss of cash $3,465,800. The deposits were reduced $2,463,100, being a
little less than the loss of cash minus loans, and
the surplus reserve showed a decrease of $2,850,025,
leaving it at $69,053,700. It is worthy of note th at
this return is the first time that the surplus has been
below $70,000,000 since November 18,1893, when it was
$65,470,475. The maximum was reached February 3,
1894, whenjthe surplus reserve stood at $111,623,000.
A year ago last Saturd iy there was a deficiency of
$14,017,800, and on August 12, 1893, the greatest
deficiency for that year, $16,545,375, was recorded.
Money on call, representing bankers’ balances,
loaned at the Stock Exchange at 1 per cent,
with renewals at 1 per cent, while at banks
and trust companies the rate is almost uniformly
1-^ per cent, though in some cases 1 per cent is ac
cepted. Brokers who are seeking to negotiate time
loans report that the firmer feeling in the market is
rather more sentimental than real, but nevertheless it
seems to stimulate a demand for long-date engage
ments, especially among commission houses who are

A u g u st

11, 1894.1

THE CHRONICLE.

-dealing in bonds and are carrying moderately
large lines of them, though there is little in
quiry for loans for short periods.
The supply
of funds is good and much in excess of the demand.
Foreign bankers are offering sixty-day money on firstclass collateral, with the usual stipulation of a gold
note, at 1^ per cent and four months' money at
H per cent. Domestic lenders, who accept good
Stock Exchange collateral, quote rates at 1 per
cent for thirty days, l i per cent for sixty days, 2 to 2 |
per cent for ninety days to four months, 3 per cent for
five months and 3^ to 3 f per cent for longer dates.
Some brokers quote 4 to 4£ per cent for from six to
nine months, but this is regarded as hardly represent
in g the market, though it is possible that special trans-actions may be made for these long periods at such
figures. There is a good supply of commercial paper
-and some excellent names are offered which are
promptly taken by those of our city banks that are in
the market. The demand is chiefly from out of town
and considerable paper is being taken by Philadelphia
«.nd Eastern buyers. Rates are 3 per cent for sixty to
ninety day endorsed bills receivable, 3 i to 3 f per cent
for four months' commission house names, 3£ to 4 per
•cent for prime and 4-J to
per cent for good four to
six months' single names. Some small lines of very
choice single names have been sold below 3^ per cent.
There has been no feature of importance in the
European financial situation this week, though a bet
ter feeling is reported in London regarding American
securities growing out of the expectation of a prompt
-settlement of the tariff question. The Bank of E ng
land maintains a 2 per cent minimum rate, though the
cable reports discounts of sixty to ninety day bank
bills 9-16 of 1 per cent.
The open market rate at
Paris is 1$ per cent, and at Berlin and Frank
fort it is 1\ per cent.
According to our spec
ial cable from London, the Bank of England
gained £89,561 bullion during the week and held
u,t the close of the week £38,391,318. Our correspond
ent further advises us that the gain was due to £391,4)00 sent into the interior of G-reat Britain and to £481,000 imported, of which £303,000 was bought in the
open market, £155,000 came from Australia, £16,000
from Portugal and £7,000 from France.
The market for foreign exchange has been dull, grad
ually growing weaker with a light demand and some
offerings of bills drawn against “ cotton futures and a
lew against purchases of stocks" for arbitrage account.
•On Monday the market was deprived of London dis
count quotations, it being a bank holiday, and busi
ness was very light. There were a few commercial
bills from the South and West but these were promptly
absorbed and the market was without special feature
except notice of the withdrawal by Baring, Magoun &
“Co. of $500,000 gold for account of Kidder, Peabody
& Co. of Boston, the shipment, however, not going for
ward until to-day. On Tuesday in the absence of demand
the market became easier, not only for sterling but for
‘Continental, and the business was small. There was no
special change on Wednesday, but on Thursday the
•effect of the offerings of bills against purchases of stocks
for European account was felt, and the demand not
being stimulated by the fractionally lower figures for
actual business, the market became weak, and Brown
Eros, and Baring, Magoun & Co. reduced the
nominal rates half a cent. The tone grew heavier in the
afternoon in consequence of further offerings of arbi
trage bills. Although the market has grown weak




there seems to be little disposition on the part of hold
ers of cotton futures to reduce their prices, and conse
quently dealings in them are somewhat limited. At
the same time the scarcity of commercial bills causes
them to be firmly held.
The following table shows
the daily changes in rates of exchange by leading
drawers.
F ri.,
M on.,
A ug. 3. A u g . 0.
88
88
d ay s .
B row n B r o s .... j[60
89*
i S ig h t...... 8 9 *
8
8*
B aring,
![ 60 d a y s .. 8 8 *
89*
M ag o u n & Co. i S ig h t...... 8 9 *
88
B ank B ritis h
{i60 d a y s .. 88
89
N o. A m erica.. \: S ig h t...... 89
83
B an k o f
i 60 d a y s .. 83
M o n tre a l........ <: S ig h t...... 89 • 89
83
C an a d ian B a n k (60 d a y s .. 38
89
o f C om m erce. t S ig h t....... 8 9 *
88
H eid eih ach .Ick - J 60 d a y s .. 88
89
e lh e im e r & Co j S ig h t....... 89
88
83
[
60
d
a
y
s
.,
h a z a rd F reres... •i S ig h t..... 89
89
88
M e rc h a n ts ’ B k. (6 0 d a y s .. 83
89*
o f C a n a d a .... ( S ig h t....... 8 9 *

T u e s..
A u g . 7.
83
89*
88*
89*
83
89
83
89
83
89*
88
89
83
89
38
89*

W ed ..
A u g . 8.
88
89*
88*
89*
88
83
83
83
88
89*
88
89
88
89
88
89*

F ri.
T h u rs .,
A u g . 9. A u g . 10.
87*
87*
89
89
88
88
89
89
83
S3
89
89
88
88
89
89
83
83
89
89*
88
88
89
89
8
8 -7 *
88
8 9 -8 *
89
38
88
89
89*

The market closed weak on Friday at 4 87£ to 4 88
for sixty day and 4 88£ to 4 89 for sight.
The rates
for actual business were 4 86f to 4 87 for long, 4 87f to
4 88 for short, 4 88 to 4 88i for cable transfers,
4 8 6 | to 4 86-J- for prime and 4 86 to 4 86|- for docu
mentary commercial bills. Messrs. Heidelbach, Ickelheimer & Co. will on Saturday ship $400,000 French
coin to Europe which is in transit from Cuba.
One of the most favorable features in the situation is
the increase which is taking place in the number of
iron furnaces in operation. This means an increase in
the traffic of the railroads in coal, in iron ore and in
various other items of freight, it means increased em
ployment to labor, and it means a revival of activity in
many different lines of industry. Hence, there is con
siderable encouragement to be deri ved from the monthly
report of the “ Iron Age" showing the number of such
furnaces in and out of blast. After the panic last year,
the point of lowest production, it will be remembered,
was reached on October 1,1893, when only 114 furnaces
were reported in blast, with a weekly capacity of
73,895 tons. From this there was a steady increase
until April 1, 1894, when 144 furnaces were reported
in operation, having a capacity of 126,732 tons. Then
came the strike of the bituminous coal miners and the
strike of the coke workers, shutting off the supply of
fuel and compelling the blowing-out of many furnaces.
As a result, two months after, on the 1st of June, the
number of active furnaces was only 88, and the weekly
capacity but 62,517 tons, or considerably less even
than last October. Since June, however, the move
ment has again been upward, there having been an
increase to 107 furnaces with a weekly capacity of
85,950 tons on the 1st of July, and now a further
increase on the 1st of August to 135 furnaces, produc
ing 115,356 tons per week. At the same time the stocks
of unsold pig iron have been diminishing, the “ Age"
reporting only 567,848 tons in the aggregate August 1,
against 573,985 tons July 1 and 669,765 tons June 1.
There should be a further increase in production the
present month, as most of the striking coal miners
who had been holding out have now returned to work.
The Agricultural Bureau at Washington yesterday
afternoon issued its report on the condition of the
country's crops, and we have had the results telegraphed
to us. The report confirms the fears of great damage
to the cereal crop3 from the drought and hot winds.
Corn of course is the crop regarding which
the
most concern has been felt, and the
change in prospects since the 1st of last July has
been very striking indeed. A month ago the outlook
for that crop appeared to be unusually favorable. Now

208

THE CHRONICLE.

[V o l .

ux.

B arley .................. -.6 9 8
P o ta to e s .............. ..7 4 -0
C o tto n .................. .9 1 - 6
Tobacco................ ..74-9
T im o th y .............. ..7 5-6
B u c k w h e a t......... -.82-3

84-6

911

86-0

86-8

80-4
82-2
89-6

82-3

88-8

88-8

93-2
92-9

93-8
96-5
88-9
88-5
90-9
97-3

82-8
77 4
89-5
69-2
93-6
90 1

90 6
94-3
89-3
84-4
94-5
95-2

J u ly 1.

A u g . 1.

J u ly 1 .

A ug. 1.

A ug. 1.

J u ly 1.

J u ly 1.

the reverse is the case, and the Agricultural Bureau re
ports a drop of 26 points durirg the month for the PROSPECTIVE REVENUE FROM GOODS
I N BOND AND IMPORTS.
country as a whole, the average condition August 1
heirg given at only 69’1, egaiDst 95 on July 1. The
No facts are at the moment of deeper interest than
averages in the leading producing States are shown in those which relate to the Government revenue in the
the following.
near future. In a general way we treated of these
CONDITION OF COEN.
matters last week, but one feature in the situation
1894.
1893.
1892.
1891.
1890.
which we^ then only referred to in a very eursory
iH
rH
rH
States.
manner will repay fuller and more particular develop
535
?»
$
1
ment.
The branch of the Government revenue we
4
have in mind is that obtained from Customs duties,
Illin o is ..
75
92
99
81
73
70
88
71
97
96
I o w a ....
45 100 102
98
79
75
90
85
94
95
particularly from goods in bond. It happens that this
M issouri.. 82 10 1
92
95
83
75
87
88
72
93
latter
item promises to afford a Treasury resource
K a n s a s ... 49
82
93
96
81
82
81
88
43
93
In d ia n a .
88
96
96
79
72
74
88
95
70
94
which will be available whatever may be the outcome
84
94
N eb ratb a. 33
96
84
80
89
90
69
91
of present legislation. Though as we write it seems not
O h io . . . . . 79
92
85
93
80
81
93
93
66
85
M ichigan. 75
93
94
94
73
73
87
91
76
89 ! unlikely that a conference measure will be reported and
W isconsin 68
98
95
98
79
67
85
87
88
94 1 passed, yet whether the bill is passed or defeated the
M innes’ta 73 100 10 1
97
80
77
88
90
96
98
94
T ex as...
83
revenue from these accumulations will in either case
75
89
94
95
93
95
76
90
Tennessee 100
89
86
92
92
92
96
96
72
90
come
in speedily and prove an added source of income,
K entucky 80
90
86
90
90
90
95
95
67
87
though
the increase will presumably be less rapid if a
P ennsylv. 83
82
81
88
66
90
94
93
84
91
A v'geU .S. 6 9 1 9 5 -r 87-0 93-2 82-5 81-1 90-8 92-8 73-3 93-1 new law is not enacted.
What has just been claimed with reference to addi
from the adverse weather influences. In Iowa the tional Government revenue in prospect we have sub
condition is reported at only 45, in Nebraska but stantially said before, and on one occasion we gave a
33 and in Kansas 49. East of the Mississippi the few figures relating to the subject. But the full
conditions have been more favorable, and the aver conditions which afford the basis for the promise have
age for Illinois is reported 75, for Ohio 79, for Indiana not been brought out, and they are interesting and
88. The outlook of some of the other leading crops reassuring. Naturally the first question any one inves
has also been greatly impaired by the drought, tigating the matter would ask is, what is the total
and the condition of spring wheat is given as only 67-1, value of the goods now in bond and how does that total
and the condition of oats 76*5. In the case of the compare with the corresponding period of previous
cotton crop the showing is extremely favorable, and years ? Our readers know what the total so held at
the average is reported as high as 91-6, against 80-4 last present is. That though of itself tells the story only
in part; comparative totals are needful before one can
year.
A u g u st 1 .
1894. 1893. 1892. 1891. 1890. 1889. 1888. obtain a proper conception of the aggregate.
We have
C orn.......................
87-0
82-5
90-8
73 3
94-8
95-5 consequently prepared the following statement showing
S p rin g w h e a t__ ..67-1
67'0
87-3
95-5
83-2
81-2
87-3
S pring r y e ........... . 79-8
78-5
89-8
89-6
86-8
95-4
91-4 the goods in bond the last five years on June 30, sepa
O a ts...................... ..76-5
78-3
86-2
89-5
70 1
92 3
rating
the goods dutiable from the free.
917
89 4
93-2
87-3
86-1
92-

The following gives the week’s movements of money
to and from the interior by the New York banks.

Year ending
Ju n e 30.
1894........................ .
1893.........................
1892...................... .
1891.........................
5
1890........................

,-------------- Goods in B ond Ju n e 30Dutiable.
Free.
Total
$1,684,365
$44,867,287
1,550,115
40,432,807
1,479,459
29,575,072
1,533,194
26,571,261
709,214
42,978,203

We leave out of consideration the articles classed
“ free.” They are immaterial in this discussion as
Received by Shipped by .W et Interior
Week Ending August 10,1894.
none of them we may assume is likely to be transferred
N, Y. Banks’ N. Y. Banks.
Movement,
C u r r e n c y ___ _____________________
$4,991,000 $3,805,000 G a in .$ l, 186,000 to the dutiable list by the new law, if one is passed.
S o ld _______ _________________ ,
600,000
500,000 G a in .
100,000 It will be observed that the aggregate included in that
T o ta l g o ld a n d le g a l t e n d e r s . . . . $ 5 ,691,000 $ 4 ,3 05,000 G a in .$ l,2 8 6 ,0 0 0
class was on June 30, 1894, only very little in excess of
Result with Sub-Treasury operations and gold exports. any of the other years given in the statement except
Into
Out of
Week Ending August 10,1894.
Net Change in
J une 30, 1890, when for obvious reasons the total was
Banks.
Banks.
Bank Holdings.
smaller.
B a h k s ’in t e r io r m o v e m e n t, a s a b o v e $5,591,000 $ 4 ,3 05,000 G a in .$ l,2 8 6 ,0 0 0
S u b -T re a s . o p e r a n d g o ld e x p o r ts . 11,200,000 14,250,000 Ii038. 3,050 ,0 0 0
With reference to the dutiable articles a brief
T o ta l g o ld a n d l e g a l t e n d e r s .... $16,791,000 $ 1 8 ,5 5 5 ,0 0 0 IiO SS.$l,764,000 explanation will be useful.
In the first place it will be
noted that on June 30, 1891, the amount in bond was
Amount of bullion in principal European banks.
only $25,038,067, the smallest at any of the dates given
August 9, 1894.
August 10, 1893.
Bank of
in the comparison. That date followed of course 1890,
Gold.
Silver.
Total.
Gold.
Silver.
Total.
£
the year when the making of the McKinley tariff bill
£
£
£
V
£
E n g la n d .......... 38,391,318
38,391,818 25,232.459
25,232,459
was being prosecuted, and the legislation for its enact
F ra n c e ............ 75,301,275 51,789,210 127,07o,485 68,683,000 51,005,000 119,688.000
G e r m a n ;* .... 34,827,300 11,609,100 46,436,400 30,282,000 10.094,000 40 376,000
ment was completed. The law was passed in October
A u s t.-H u n g ’y 12,017,000 15,929,000 28.546,000 10,684,000 16,372,000 27,056,000
S p a in ...............
7,928,000 9,186,000 17,114,000 7,916,000 6,399,000 14,315,000 1890, and the greater portion of the changes in duties
4,537.000 6,903,000 11,430,000 2,817,000 6,978,000 9,795,000
B o th e r lands..
it introduced went into effect at once, while others
N at. B elgium * 2,978,000 1,488,000 4,464,000 2,780,667 1,390,333 4,171,000
went into effect on the 1st of April 1891, and still
T o t. th i s w ees 176,667,893 96,884,310 273,452,203 148*395,126 92,238,33 340,633,459
T o t. D rev. w ’t 175.549,018 97,089,796 272.638.804 150 558 250 92 393 917 242,952,167 others on July 11891.
Under those circumstances no
♦ T h ed iv isio n (betw een gold and silver) given in o u r tab le of ooin one can be surprised that the amount accumulated in
ftRd bullion in th e B ank of G erm any an d th e B ank of Belgium is m ade
iro m th e b est e stim ate we are able to o b ta in ; in n e ith e r case is i t bond was large on J une 30, 1890, the total dutiable at
claim ed to be a ccu rate, as those banks m ade no distin ctio n in th e ir
weekly re tu rn s , m erely rep o rtin g th e to ta l gold an d silver, b u t we that date being $42,268,989 and the free $709,214.
believe th e division we m ake is a close approxim ation.
N o m - W e receive th e foregoing re su lts weekly by cable, an d w hile Neither could any other movement in the following
n o t ail or th e d a te given a t th e h ead of th e colum n, th e y a re th e r e 
tu rn s issued n e a re st to t h a t d a te —th a t is, th e la te s t re p o rte d figures.
year have been anticipated than that which did occur,




A ugust 11, 1894.]

THE CHRONICLE.

that is a rapid drawing out of the amount in ware
house, the dutiable on June 30, 1891, haying been
reduced to $25,038,067. Very little need be said with
reference to the large figures for June 30, 1893, as the
events of the fiscal year ending on that day are fresh in
every one's mind. The last six months of the year
were months of contraction in business; this was
especially true the last three months. Ia the first
week of May there was a severe panic in Wall Street
and in June the distress prevailing in commercial and
financial circles was scarcely ever equaled. It could
not have resulted otherwise than that goods should
have accumulated in bond during that period of busi
ness paralysis.
A still further increase, as will be noticed, occurred
in 1894, the latest fiscal year; indeed the dutiable
goods in warehouse were added to during each of the
last three years, making the net additions since June 30,
1891, about 18 million dollars, and the amount so held
larger than at the close of any similar period since 1883.
This single fact, even if there were no other, would
hold out the assurance that as soon as the tariff
legislation was definitely settled the withdrawals would
be heavy. These abnormal holdings, having been
accumulated in view of tarifE changes, will be put on
the market, as they were in 1890, when the anticipated
changes are efEected.
Some may question this assertion, assuming that
because much the larger portion of the total values
in bond were reported the year before legislation affect
ing the duties began, most of the present holdings were
not made in anticipation of such changes, and conse
quently will not be taken out of warehouse rapidly
when the changes have been consummated. That
view is not correct except in part, and so far as it is
correct the conclusion is not authorized. A large part
of the amount contained in warehouse June 30, 1893,
would have been put upon the market before this had
it not been for the tariff legislation in progress since.
Besides that, during the fiscal year ending with June
30, 1894, there has been to a considerable extent a
change going on of articles included in the warehouse
holdings. The total values, to be sure, have only
increased in that twelve-months about 4^ million
dollars, but if the increase were measured by the
changes in the holdings of the various items, the value
of the accumulation in the last year would be found to
be much larger ia amount. We repeat, therefore, that
the goods in bond are in large part held there in
view of prospective tariff changes, and will be put on
the market as soon a3 the advantage can be gained for
securing which they have been held back.
O bviously there is an important difference now com
pared with 1890 in the conditions which await the end
of tariff legislation. The changes in 1894 are made in
a proceeding to lower the duties, whereas in 1890 they
were part of a movement undertaken chiefly to raise
them.
This difference in its bearing on future
revenue will however be found on reflection to be of
less influence than the radical difference in the purpose
of the laws might indicate.
It will be remembered
that the 1890 revision included the taking off of- all
duty on sugar, a very material loss to the Govern
ment income. Again, it is well known that as a rule
in reducing Customs duties, as has been attempted
under the 1894 proposal, the productiveness of the new
rates is almost always under-estimated; no doubt in the
aggregate this will prove true on the present occasion.
On] the other hand, in all cas^s where an article has




209

been put on the free list, as wool has been, an allow
ance and deduction must be made in the more imme
diate prospective Customs receipts from the goodtf
in bond. The amount of wool for instance included
in the-total value of fgoods in warehouse is about 7
million dollars. Of course when that raw material is
marketed under the proposed law] it will afford no
revenue.
But this review would be very imperfect were we not
to recall another well-known condition which in its
bearing upon the Treasury income and considered in
connection with the foregoing has a special significance.
The total imports in the last fiscal year were 211f
million dollars less than they were in the preceding
year, that is about 25 per cent less. Or if we deduct
from the 1893 and 1894 merchandise imports the
additions to warehouse holdings at the end of each of
those years, the values of foreign merchandise which
were thrown upon the market will be seen to have been
about 205 million dollars less in 1894 than in 1893.
Add to that the fact that the home production of all
kinds of goods has been largely curtailed the
past year, and it will not be difficult to believe the
current reports that stocks of goods in distributers
hands are very low and that when tariff legislation is
completed and business is free to expand the demand
will be unusually large. Hence it is not the goods in
bond alone that are to be considered in estimating the
extent of the early increase in revenue. In view of the
conditions stated and of the industrial revival already in
progress, it cannot be but a short time before foreign
merchandise will be arriving here in such volume as for
a time to yield a revenue considerably in excess of any
ordinary year—indeed of any year not preceded by an
interruption in the movement like that which occurred
in 1894.
-_______ _

MR. LITTLE AND THE ATCHISON
INCOME.
The report of Mr. Little, which has been so anxiously
awaited since the startling announcement a few weeks
ago that he had discovered an over-statement of the
income of the company in amount of over $7,000,000,
has been submitted and made public this week. We
regret to state that it does not remove but deepens the
very unfavorable impression created by the early an
nouncement. Mr. Little furnishes the proof on which
his charge rests, and the allegations against the com
pany's bookkeeping methods are of the gravest char
acter—so much so that the case may be said to be in
that respect without a parallel in American rajlroad
history. The charges are very specific and are accom
panied by statements and facts which, unless they can
be successfully controverted, must be regarded as mak
ing out a clear case in support of the charges.
Mr. Little reports an over-statement altogether in
amount of $7,491,500 for the period from July 1, 1890,
up to the date of the receivership in December 1893.
The largest single item in this aggregate is the charge
for rebates to shippers, amounting to almost four
million dollars—in exact figures, $3,906,656; $1,386,583 having accrued in the year ending-June 30, 1891,
$981,930 in the year ending June 30, 1892, $1,332,541
in the year ending June 30, 1893, and $205,602 in that
portion of the year 1893 4 preceding the appointment
of the receivers. It is*unnecessary to discuss this item
at length.
If, as the facts appear to show, it cov
ers actual rebates to shippers, which have neverthe
less been carried as part of gross and net earnings—

210

THE CHRONICLE.

then there can be no two opinions as to the character
of the bookkeeping which permits such methods. Mr.
Little’s language regarding these rebates is clear and
unmistakable. He says: “ This sum ($3,906,656) was
charged not to the earnings from whence it came, as
it should have been, but to an account entitled, ‘Audi
tor’s Suspended Account—Special,’ and reported from
year to year as a good and available asset, while in
fact it had no value whatever.”
In connection with this so-called “ Auditor’s Sus
pended Account—Special,” Mr. Little makes reference
to a credit to the account in June, 1891, of $1,612,110,
thus offsetting to that extent the debit item of rebates.
This credit of $1,612,110 represents amounts capital
ized into the account of “ Franchises and Property.”
I t is not certain that these latter amounts were improp
erly capitalized—at least the question appears to be an
open one—and in the circumstances the management
are fairly entitled and should be given the benefit of
the doubt, especially as President Reinhart claims that
the capitalization was entirely proper and correct. But
in any event, the fact of the existence of the rebates
remains.
Mr. Little reports still another “ Auditor’s Sus
pended Account,” 'holding $2,791,000, this aggre
gate having, on instructions from the East, he
says, been “ credited from time to time to the earnings
and expenses respectively, but which credits had no
foundation in fact.” Of the $2,791,000, $2,010,000,
he asserts, was added to earnings and $781,000 de
ducted from expenses. Mr. Little adds that the
balances represented in both the “ Auditor’s Suspended
Account” and “ The Auditor’s Suspended Account
— Special” were not transferred from the West
ern to the Eastern books of the company until
March and April, 1894. Mr. Little also finds an
item of $488,000 which he claims was improperly
transferred from operating expenses to improvements
Or capital account. The item, however, is one that
may safely be passed over so long as we do not know of
what it consists. The line of demarcation between
operating expenses and capital outlays has never yet
been strictly defined, and opinions might differ as to
how particular expenses should be classed. Mr. Little
cites a further item, which he avers has no valid exist
ence, under the head of traffic or pool balances. He
says a traffic agreement for a division of - business was
formed in November, 1890 (running to July, 1891),
between the Atchison company and certain other
companies whereby such other companies were charged
with a balance of $305,843 “ which the Atchison
company was unable to collect and which is absolutely
uncollectible.”
Mr. Little follows up these very serious charges by
showing how the alleged irregularities are apparently
accounted for in the balance sheet. In so doing he
seems further to confirm the charges, and this part of
the report contains the gravest of all the accusations
against the accuracy of the company’s accounts. Mr.
Little makes the astounding declaration that the cash
deposits on June 30, 1893, instead of being $3,095,686
as given in the last annual report, were only $2,493,161; that the bills payable at that date instead of being
$6,809,250 were actually $8,739,250, and that the com
pany instead of having $5,926,954 of accounts receiv
able had only $4,286,111—a total difference in these
three important items of over four million dollars !
The Atchison Reorganization Committee withheld
Mr, Little’s report for a day in order to give President




[Vol. L1X.

Reinhart an opportunity to answer the charges madeMr. Reinhart’s reply does not appear to us to be satis
factory, because it does not explain the irregularities
alleged by Mr. Little. In fact, Mr. Reinhart hardly
treats the matter at all in the way which its gravity
and importance seem to demand.
Of course it is
true that Mr. Little has had weeks in which to prepare
his report, while Mr. Reinhart has had only a day in
which to frame his reply, and if the intention
had been to secure from Mr. Reinhart fulldetails and figures to controvert Mr. L ittle’s
statements and facts, he would certainly be at
a great disadvantage. Bat surely Mr. Reinhart must
know whether the company has been keeping a sus
pense account, and whether in that account it has been
charging up rebates to shippers, and whether those re
bates have been included in gross and net earnings
when they had no place in the same. Mr. Reinhart,,
however, does not allude to the rebates at all in his
letter, and his silence appears especially significant in
view of the fact that he refers to the credit item in the
same suspense account with the rebates and seeks to»
justify it.
Mr. Reinhart ought also to be able to state withoutextensive investigation whether accounts receivable
have been over-stated I f million dollars, and bills
payable under-stated in amount of nearly two million
dollars. But on these points too Mr. Reinhart
remains silent, though he takes occasion to deny that
cash was over-stated in the sum of $602,525, declaring:
that the company on June 30, 1893, actually had on
hand in cash and cash items the amount given in the
report. In point of fact Mr. Reinhart does not takeup the charges of Mr. Little specifically, but contents*
himself by citing items which might count as possible
offsets to the over-statement of the company’s income,
and by comparing the amount of this over-statement
with
the aggregate gross earnings of
the
system during the
period covered by Mr.
Little’s investigations, and showing that it forms only a
small percentage of the whole—as if a difference of 7 f
million dollars was not a big amount in itself, es
pecially when comprised under three or four leading
heads. We would only say in criticism of this kind of’
argument that the matter is too serious to be disposed?
of in this off-hand way. The charges must be fairly
and squarely and categorically answered if the integrity'
of the accounts is to be sustained in the public mind.

RAILROAD GROSS EARNINGS FOR J U L Y .
Railroad earnings for July, it is almost needless to
say, make a very unfavorable showing. But we think:
it may fairly be claimed that the month will mark the
culmination of the remarkable series of monthly losses
which we have been obliged to record for a full year
now. During that period the carrying interest, as well
as the industrial and financial interests of the country,
have passed through a period of adversity and suffered
afflictions which, both in number and extent, aresurely the most noteworthy on record. Henceforth,
therefore, the exhibits should be much better, in
fact are certain to be better, both because the situation
and the trade outlook have changed and because thecomparisons will be with a period when earnings had
begun to fall off heavily, August last year having;
inaugurated the period of heavy losses.
The great falling off in earnings for Juty shown in
our present statement is entirely the result of the ex-

A u g u s t 11, 1894.]

THE CHRONICLE.

traordinary losses which occurred in the early part of
the month, and these in turn were the result of extra
ordinary events which now happily are a thing of the
past. The great railroad strike is of course the oc
currence responsible for these heavy losses. The event
is so fresh in public mind that we shall refer here only
to some of its effects, so to make clear the part played
by it in reducing traffic and earnings. The strike be
gan in the latter part of June, but its critical and
acute stage was not reached until the early days of
July. Then for a period of about two weeks it inter
rupted and stopped railroad operations as no other oc
currence ever has. Judging by the action of the general
strike committee of the American Railway Union last
Sunday in delaring the strike off in Chicago (except as
to the Chicago & Eastern Illinois and the Sante Fe, as
the resolutions declare), one not familiar with the mat
ter might think that the strike had continued an active
influence in the situation up to that date. In point of
fact the strike was broken the moment the Federal
Government intervened to assert the supremacy of the
law, and its complete collapse became palpably evident
when the general strike of the members of labor unions
in all industries in Chicago ordered for the 10 th of
July proved a fiasco. Desultory skirmishing contin
ued for a few days thereafter, at different points and on
different lines, but the men flocked back to work nearly
everywhere, and by the middle of the month the trouble
had practically ceased, though the military were con
tinued on duty after that as a precautionary measure.
Chicago was the point of greatest disturbance, and
the roads radiating from that centre were the chief
sufferers. But nearly all the Western roads were in
volved, even those not using Pullman cars, as for in
stance the Cleveland Cincinnati Chicago & St. Louis,
which has Wagner sleepers. The difficulty extended
all the way to the Pacific Coast, the trans-Continental
lines of the Northern Pacific and the Union Pacific
being completely tied up and United States troops
having to be sent to open them up. Out of San Fran
cisco the Southern Pacific found it impossible to send
any trains for some days. Many roads east of Chicago,
in Ohio, Indiana and Illinois, had difficulty in con
ducting operations because their men had joined in
the strike, and some of the Southern roads, notably
the Louisville & Nashville, were likewise drawn into
the conflict. Of course, in the diminution of the
volume of through traffic and of traffic interchanged
with connecting lines, occasioned by the stoppage of
business over the Western roads, nearly every system in
the country suffered.
As illustrating how the Pacific roads were blockaded
we may note that a press dispatch from St. Paul, dated
July 17, stated that the first Northern Pacific train
from the Pacific Coast for eighteen days had arrived
that day ; that besides three hundred passengers the
train brought back two companies of regulars from
Fort Snelling who had gone out with the first west
bound train ten days before, and that the Northern
Pacific had been declared in operation for passenger
traffic that day throughout its entire length. Con
cerning the trouble at San Francisco, it was reported
by the daily newspapers that the mails from that point
which had left there July 3, 4 and 5 were received
July 14; that the last previous mail arriving here had
been that which had left San Francisco June 26, and
whmh reached New York July 1. Some of the mails
for the intervening days did not get here until the
17th of July.




211

As regards the effects at Chicago, they were of course
very serious. At the time when the trouble was at its
worst not a bushel of grain was received and very lit
tle freight of any kind came in or went out. The situ
ation during this period, as also the subsequent improve
ment, is clearly reflected in the statistics showing the
tonnage east-bound from Chicago over the trunk lines*
For the week ending June 16 this tonnage (not includ
ing live stock) had been 45,861 tons, for the week end
ing June 23 44,599 tons, and for the week ending June
30 42,982 tons, but for the week ending July 7 the
amount was only 11,666 tons, and for the week ending
July 14 but 4,142 tons; in the week to July 21 it
increased to 29,146 tons, and in the week to July 28 it
got back to normal figures, being 47,255 tons. We may
also refer to the weekly returns of earnings of a few
special roads in illustration of the paralysis of busi
ness occasioned by the strike. In the first week of the
month the Chicago & Eastern Illinois ’'earned only
$8,244 the present year against $93,643 in the corre
sponding week last year; in the second week this
road earned $19,000, against $87,183; in the 3d week the
earnings were $81,593 against $88,261 and in the fourth
week they were actually $105,911 against $98,948. The
Chicago & Grand Trunk earned only $6,555 in the first
week against $75,003; $22,965 in the second week
against $78,690 and $46,291 in the third week against
$74,188. The St. Paul earned $312,317 in the first
week against $646,410; $322,707 in the second week
against $584,604; $448,708 in the third week against
$580,822, and $695,493 in the fourth week against
$781,518. The Wabash in the first week earned $45,267
against $270,101; -in the second week $118,741 against
$256,239; in the third week $237,881 against $251,108,
and in the fourth week $361,710 against $373,333.
Besides the railroad strike, the coal strike had not
entirely ceased to be a factor during July. In the vast
ma jority of districts the order to resume work in June
was obeyed, but in several of the districts the men held
out. This applies notably to the Beech Creek and Clear
field regions of Pennsylvania and to some of the mining
districts of Illinois. In the Jellico district, Tennessee,
the miners, according to press dispatches, after having
been out since April, returned to work on July 18 at
less wages than they had been getting before. The
daily papers on Monday of this week brought a batch
of items giving intelligence of miners who had obsti
nately remained on strike up to this time, but who had
now finally decided to return to work.
Thus
from Philipsburg, Pa., it was reported that the
miners had voted last Sunday (August 5) to declare the
strike off, and resume work Tuesday morning, the 7th,
at the terms first announced by the operators, 40 cents
a ton. From Danville, 111., there was a dispatch
stating that the miners and the operators had reached
an agreement, and that mining would be begun
on Tuesday, August 7th. On the same day also news
came from Santa Fe, New Mexico, that the coal strike
there was over, and that the men would return to work
the next day, Monday. On the - other hand, 5,000
miners in mass meeting at Springfield, 111., voted on
that day to continue to stay out on strike. These,
however, are about the only miners still on strike. We
give these facts to show that at some points and on
some roads the coal strike remained^ quite a disturbing
influence in July, adding to the losses from the rail
road strike.
As the prospect is for much les3 unfavorable exhibits
hereafter, it is a matter of no very great consequence

THE CHRONICLE.
whether the loss in earnings fur July stiowu in our
statement is a little larger or a little smaller than for
the months immediately preceding. Ic is gratifying
nevertheless to note that the decrease both in ratio and
amount is not quite as heavy as it was in June. Our
statement shows a falling off of $7,938,645, or 20-49 per
cent. For June the loss was $9,056,927, or 21*48 per
cent; for May $7,782,001, or 17-55 per cent; for April
$6,084,703, or 14*86 per cent; for March $5,877,414, or
13-05 per cent; for February $4,654,203, or 12*54 per
cent, and for January $4,819,853, or 12-25 per cent.
Of course the fact that we are comparing with the
period last year when the World’s Fair was swelling
the passenger traffic of a great many roads makes the
loss larger than it otherwise would be. S il l , notwith
standing the extra earaings from the Fair, our state
ment for July last year showed a loss in aggregate
earnings, so that the decrease this year is additional to
a decrease in 1893, which was not the case in the
months preceding. However, the loss in July 1893
was very small alongside of the very heavy losses which
some of the subsequent m mths revealed. Tne follow
ing shoWs the July results for a number of years past.
Mileage.

July.

Year
Given.
Miles.

Year
Preceding.
Miles.

1890'(158 r o a d s ) ......
1891 (146 ro ad s)........
1802 (146 to a d s ).......
189S (138 roads).........
1894 (128 ro a d s)........

87,107
90,395
98,222
96,617
96,757

85,i72
87,430
96,408
94,478
96,108

Jan. 1 to J uly 31.
1890 (149 ro a d s )........
1891 (144 ro a d s)........
1892 (140 ro ad s).........
1893 (135 ro a d s )........
1894 (124 ro a d s )........

85,172
88,827
96,527
96.373
96,064

83,300
86,012
94,913
94,234
95,491

Earnings.
Year
Given.

Year
Preceding

$
38,516,474
41,674,357
45,510,394
41,190,454
30,990,332

$
35,350,124
38,400,716
44,470,048
42,955,981
38,978,977

248,425,717 222,896,626
260,270,849 247,28 i,222
295,633,390 278,346,406
298,310,057 289,345,191
240,770,718 288,353,248

Increase
or
Decrease.
~
Inc.
Inc.
Inc.
Dec.
Dec.

$
3,166,350
3,273,641
1,040,346
1,765,527
7,988,645

Inc .25,529,091
Inc .12,982,627
Inc 17,286,984
Inc. 8,964,866
Dec .47,582,530

As indicating how greatly the exhibits for the later
weeks of the month differ from those of the earlier
weeks—that is, what a change for the better in the
returns occurred after the strike troubles ceased—we
may point out that while for the first week of the
month our weekly summary showed a decrease qf 32 *26
per cent, and for the second week a decrease of 26-31
per cent, for the third week the decrease was only
12-41 per cent, and for the fourth week we actually
have less than one per cent decrease.
The Atchison Topeka & Santa Fe system records the
largest amount of decrease of any road in our table,
it reporting a loss for the first three weeks of the
month of $1,045,858; this includes the St. Louis &
San Francisco and all the other lines in the system.
The present loss comes after a loss last year for the full
month of $290,374. The Northern Pacific has a loss
of $986,023, of which $763,178 occurred in the first
two weeks and $941,326 in the first three weeks.
The company had a very heavy decrease last year too.
For the month in 1894 the earnings stand at only
$634,798, against $1,620,821 for July 1893 and $2,196,298 for July 1892, so that this year’s total is less than
30 per cent of that of two years ago, and this is
doubtless the most striking illustration to be found at
once of the great depression in business in the North
Pacific sections and of^the effects of the railroad strike.
The Chicago Milwaukee & St. P<*ul has a decrease of
$814,129 for the month, which follows a decrease of
$269,230 last year; the company earned $1,779,226
this year, against $2,593,355 in July 1893 and $2,862,585 in July 1892. The Illinois Central has lost $692,420, following however a gain last year of $340,170,
that road having derived special advantages from the
Fair in 1893. The New York Central reports a



| VOL., L 1 X -

decrease of $768,229, but this is after an increase last
year of $133,193 ; the company’s traffie was doubtless
reduced by the prolonged strike of the coal miners at
the Beech Creek mines. The R )ck Island has a loss of
$523,678, and earnings for 1894 are $1,0L8,436 against
$1,542,114 for 1893. As in the New York Ceutral
case, ho vever, we are comparing with increased and
not with diminished earnings last year. B jsides the
roads enumerated, the Wabash h is lost $337,184, the
Canadian Pacific $354,267, the Missouri Pacifii $297,341, the Big Four $280,121, &e., &,c. The following
is a full list of the principal changes :
PRINCIPAL CHANGES IN G R O S S EARNINGS IN J U L Y .

In c re a se s.
M exican C e n tra l.........
Gt. N o rth ern (3 rd s,),.
N orfolk & W estern ___
T otal (rep resen tin g
5 ro ad s)...............

$71,892
51,734
43,903
$167,529

A t.T op.& S . Fe (2 rds.)* ’$1-945,858
N o rth ern P a c if ic .......
986,023
Chic Mil. & St. P a u l..
814,129
N ew Y ork C e n tral.......
768,229
Illinois C e n tra l. . . . . . . .
692,420
Chic. R ock t . & P a c ...
523,678
W abash...........................
387,184
C anadian P a c i f i c .......
354,267
Mo. Pacific...................
297,341
Clev. Cin. Ch. & St. L ..
2-*0,l U
G rand T ru n k ..................
271,612
L ouisville & N ashv__
260,744
Chic. & E a s t Ills. ........
153,287
Chic. & Gd. T runk*. . . .
152,070
Louisv. N. Alb. & C .. .
93,813
Chic. Gt. W estern .......
92,268

D ec re a se s.
P itts. & West. (3 rd s.).
St. Louis So’w e s te rn ..
B url. C. R. & N o rth .
Dul So. Sh. & A tl. ..
B a lt & Ohio So’w e st..
Rio G rande W estern .,
l n t & Gt. N o r th e rn ...
Ches & Ohio..................
F lin t & P ere M arq.......
E vansv. & T. H a u te ...
D enver & Rio G r .......
Mobile & O hio..............
Col.Sand. & H ock . ...
E. T enn. Va. <s G a.* ...
W heeling & L E rie ...
8t. P au l & D u lu th .......
Minn. & St. L ouis.........
Chic. & W est Mich . . .
Louisv. E vans. & St. L.

$66,936
5 4 .9 0 0
5 1,808
51,216
50 ,2 3 7
48,925
48,097
46,440
46.193
40,439
40,100
39,460
38,637
36,230
34,976
35,962
32,713
32,416
32.193

T otal (representing
38 ro ad s).............. $8,000,922

* F ig u re s fo r th re e w eeks of th e m o n th only.

As regards the grain movement in the West, we have
already referred to the fact that on one or two days
during the progress of t ie strike no grain was received
at Chicago. Taking all the principal Western points,
the receipts this year in J uly were much smaller than in
J uly last year. The deliveries of wheat were slightly
larger than in 1898, comparison being with small
totals, but of corn the receipts for the four weeks
ending July 28th were only 5,064,334 bushels, against
11,446,918 bushels, and of oats 3,843,304 bushels,
against 8,107,282 bushels.
There was also a consider
able falling off in the receipts of flour.
RECEIPTS OP FLOUR AND GRAIN FO R FOUR W EEKS ENDING JU LY 2 8
AND SINCE JANUARY 1 .
F lo u r,
(Obis.)

Wheat,
(bush.)

C om ,
(bush.)

Oats,

(bush.)

C/lM/dWO—
157.323
4 wks. J u ly , 1894
1,547.883 2.677,820 1,880.192
279,771 1,221.497 8,636,643 5,516,808
4 wks. J u ly , 1893
Since J a n . i , 1894 2,356,1-25 6,616,759 42,098,362 35,239.157
Since J a n . 1,1893 2,723,684 20,491,893 39,050,574 40,180,921
ulil/waukee—
43,070
254,831
79,950
374,750
4 wks. J u ly , 1894
49.100
100.850
6 11,805
4 wks. J u ly , 1893
479,000
4,022,746
897,600 4.475,750
Since J a n . 1,1894 1,239,240
571,900 4,379,44*
S ince J a n . 1,1893
991,637 6,172,842
St. Louis—
78.510 2,926.382 1.382.340
645.070
4 wks. J u ly , 1894
4 wks. J u ly , 1893
56,282 2,060,584 1,805 045
563,530
702,221 4.461.029 18,765,739 5,443.475
81 ace J a n . 1,1894
711,096 5,587,259 21,554,805 5,188,193
S ince J a n . 1,1893

Toledo—

4 wks J u ly , 1894
4 iyks. J u ly , 1893
Since J a n . 1,1894
Since J a n . 1,1893

Detroit—

4 w ks. J u ly , 1894
4 wks. J u ly , 1893
Since J a n . 1,1894
Since J a n . 1,1893

Cleveland—
i wks. J u ly , 1893

S in ce J a n . 1,189*
Since J a n . 1,1893

Peoria—

4 w ks. J u ly . 1894
4 wks. J u ly , 1893
S lac e J a n . 1,1894
Since J a n . 1,1893

Barley,
(bush.)

Eve,

(bush.)

22,850
77.232
4.465,709
5,404,243

40,050
40.880
722,239
763,615

39,200
24.400
3,721.870
3,010,900

28,126
26.850
546,891
652,550

750
557,500
628,350

7,607
6.867
73.706
419,046

4,991
10,288
51,012
51,677

2,450,000
602,340
5,100,300
2,986,670

27,900
273.300
2,567.100
4,190,958

21.600
24.00U
73,90 1
130,110

6,200
4,800

7.590
12,027
79,858
9U.200

439.695
782,82*
2.345.661
3,029,388

59,170 . 94,447
57,37 ■ 172,672
816,517
831,659
1,158,365 1,209,822

416
264.193
337,222

83,080
18,518
176,524
157,404

147,802
120.744
8^5.822
949,122

8,099
84,871
26.80 215,573
319,153
874.971
329,956 1,407,686

14,500
27,799
285,257

77,796

18,000
28.200
J 44.550
151,850

155,700
55,200
425,750
645,750

697,500
701,800
445,5 >0 1.134,200
8.853,670 9.103,100
5,742,490 10,483,40o

17.500
7.000
567,100
583,200

9,000
1,200
78.600
68,600

400

22,100
10,100
57,800
54,900

500

Ltulutn—

406,546 1.999.633
555.391 2,556,543
S in ce J a n . i . 1894 2.388,584 7,944.256
S ince J a n . 1,1893 l,741,i-39 10,257,067

4 w ks. J u ly , 1894

Minneannlis—

Kansas City—
Stnoe J a n . lj 1893

Total of all—

4 w ks. J u ly ,
4 wks. J u ly ,
Since J a n . i ,
S in ce J a n . 1.

2,984

40,574

120,217
115,386

194,803

1,751,630
2.927,17 i
21.737,900
29,180,325

1,224,649

310,063
232,804
1,892,377
5,517,323

8.501
153,154
287, v91
1,432,214

1,271

120,070

1,449
51,690
130,144

1894
749.110 11.983,619 5,064,334 3.843.304
79.950
106,88
1893 1,0-11,337 11.176,511 11,446,918 8.107.282
124.298
8«,39
JS94 7.138.617 65,434.603 76,948,298 56,291,505 9,614,642 1,479,23
1893 6.618,587 84,817,639 74,146,648 63,112.722 10,253,972 2,036,60

213

THE CHROJSLCLE.

A u g u s t 11, 1894.]

In the Northwestern group the Great Northern ia
For Chicago we also have the figures for the even
munth and there the aggregate of the grain receipts for able to report $51,734 increase; still for that group as
July 1894 is only 7,447,781 bushels, against 16,894,680 a whole the falling off is heavy, as will be seen
bushels for July 1893, showing a decrease of nearly 9 | by the following.
EA RN IN G S O F N O R T H W E ST E R N L IN E S .
million bushels. The same point also lost on the pro
1891.
1890.
1889.
1892.
1894.
1893.
July.
visions movement, and the deliveries of live hogs
$
$
$
S
$
$
reached only 379,483 head, against 519,507 head last year*
R E C E IP T S AT CHICAGO D O R IN O JU D Y AND SIN C E JA N U A R Y 1 .

Since January 1.

July.

1893.

1894.

1892.

1893.

1894.

1892.

2,667,748 7,162,792 20,653,29' 11,280,414
5,334,115 42,471,865 39,346,178 39,035,838
8,011,352 35,591,977 .40,408,943 40,950,091
766,325 1,520,743
727,319
145,267
196,907 4,466,319 5,404,135 6,793,093

W h e at.b u sh .
C o m ...b u s h .
O a ts ., b u s h .
R y e., .b u s h .
B arley.bush.

2,093,916
3.024,273
2,258,012
45,130
26,450

1,330,548
9,416,299
6,022,601
44,250
80,982

T o ta l g ra in
F lo u r., bbls.
P o rk ....b b ls .
C ut m ’ts .lb s .
L a rd .......lbs.
L ive hogs No

7,447,781 16,894,680 16,355,389 90,420,262 106,478,878 99,580,179
349,950 2,377,875 2,718,477 3,187,175
301,697
179,173
11,016
3,516
3,250
437
1,000
77
6,048,672 12,219,697 19,519,941 74,890,570 72,577,287 107,661,145
3,943,594 5,828,761 7,981,935 41,259,982 32,055,026 50,? 12,504
488,820 4,145,085 3,310,301 4.771,448
379,483
519,507

The cotton movement in the South at this season of
the year is of course very light. The gross ship"
ments overland were about 16,500 bales against about
26,000 bales, and the receipts at the Southern ports
21,114 bales against 47,758 bales.
R E C E IP T S O P COTTON AT SO U TH ER N PO R T S IN J U L Y , AND FR O M
JA N U A R Y 1 TO JU L Y 3 1 , 1 8 9 4 , 1 8 9 3 AN D 1 8 9 2 .

Since January 1.

July.

Porte.

1894.
1,460
1,512
8,575
123
98
3,937
874
944
181
126

G a lv e s to n ................ b ales.
E l P a s o , &c......................
N ew O rle a n s .......................
M obile...................................

1892.

1893.
2,682
518
24,972
309
31
8,902

3,765
255
14,427
548

1894.

1893.

1892.

196,312
16,506
610,469
51,591
11,700
232,995
48,467
60,073
37.738
30,102
53
143.815
95,365

227,381
22,540
590,017
36,904
7,113
174,413
12,707
49,271
103
21,104
177
98.361
41,089

288,479
24,238
942,719
72,033
4,707
243,286
51,078
84,664
429
26,783
710
153,611
140,495

272,673
237,166
217,729
223,863
315,055
275,671
B u rl. C ed.R .A N o.
361,447
270,401
317,130
328,021
224,862
403,470
C hic. G t. W e s t ....
2,309,552 2,149,068 1,977,398
2,716,998
Chic.M il.A S t.P . )
2,593,3551
152,514
132,883
103,867
145,587
M ilw au.& N o.. >
C hic. R . I. & P a c . 1,018,436 1,542,114 1,475,167 1,376,919 1,275,109 1,421,998
294,606
262,706
218,782
231,303
185,486
236,702
D u lu th S.S.A A tl.
910,469
768,026
Gr. N o r th e r n Sys. 1,361,556 1,309,822 1,178,367 1,001,318
128,628
109,755
143,901
126,581
131,378
Í20.679
Iow a C e n tr a l.......
151,831
120,474
1?4,326
178,483
140,025
107,312
M inn. & S t. L o u is.
157,038
140,964
122,154
203,457
161,841
115,879
S t. P a u l A D u lu th
T o t a l ............... 5,137,299 6,698,038 6,991,788 6,206.526 5,687,293 5,330,584

The trunk lines likewise have suffered a heavy re
duction of their earnings, the falling off on the roads
embraced in the following summary reaching $1,922,266.
EA RN IN G S O F T R U N K L IN E S .

July.

S
486,869

B. A O. S.W £
O h. A M iss.
925,131
C. C .C .A St.L
G .T . o f Can. 1,323,217
$153,749
C h. A G .T ..
$73,972
D. G. H A M
3,158,003
N .Y .C .A H .+
763,600
W a b ash ....
T o t a l......

6,884.541

1891.

1892.

1893.

1894.

1890.

1889.

$
$
537,106 < 212,227
i 329,546
1,205,252 1,266,750
1,594,829 1,552,481
• 258,225
305,819
91,280
86,785
3,926,232 3,793,039
1,115,301
1,150,784

$
216,050
356.388
1,283,675
1,525,322
261,348
88,031
3,713,430
1,291,850

$
194,086
320,410
1,111,765
1,599,392
267,508
83,354
3,354,770
1,116,178

$
164,824
311,078
939,160
1,621,683
285,524
81,627
3,295,402
1,128,302

8,618,849

8,686,094

8,047,463

7,827,600

8,806,807

* F o r f o u r w eek s.
+ In c lu d e s R o m e W a te rto w n A O g d en sb u rg f o r a ll y e a rs .
$ F o u r th w eek n o t r e p o r t e d ; ta k e n sa m e as la s t y e a r.

The other roads in the Middle and Middle Western
States outside of the trunk lines, on the other hand,
present very fair exhibits, and except for the heavy
4,519
S a v a n n a h ............................
1,631
decrease on the Illinois Central the aggregate los3
674
2,326
C h a rle s to n ...........................
would be comparatively quite small. Many of these
146
P o r t R oyal, & c................
518
1,110
W ilm in g to n ........................
roads have a large traffic in bituminous coal, and
1,817
the starting-up of the mines after the coal strike gave
4,862
2,138
N o rfo lk .... .........................
3,023
2,046
1,146
W e s t P o in t, &c...............
them a heavy volume of that class of freight, especially
31,323 1,535,186 1,281180 2,033.232
21,114 ' 47,758
T o ta l.............................
in the latter part of the month, when the mines were
Southern roads have on the whole done better than in full operation.
any others. The Norfolk & Western has a gain of
EA RNIN GS O F M ID D L E AND M ID D L E W E ST E R N RO A D S.
$43,903, the miners at its mines having continued at
1891.
1890.
1889.
1893.
1892.
1894.
July.
work all through the bituminous coal strike, but several
$
$
$
$
$
$
202,406
'222,338
317,310
277,206
172,832
287.566
R o ch . A P i t t .
other roads are also able to show improved earnings. CBuff.
280,076
343,184
368,035
209,843
337,368
214,748
hicago A E a s t. 111.
In the aggregate the falling off from last year on the Chic. A W e s t M ich «116,744 «149,160 164,957 162,629 137,263 116,469
107,715
98,523
108,907
«90,913
102,019
«77,628
D et. L a n sin g A No.
roads in the following is comparatively small.
127,322
102,949
83,755
123,430
116,762
76,323
Evansv.A T e r re H .
EA RNIN GS O P SO U TH ER N G R O U P .

July.

1893.

1894.

1892.

1890.

1891.

1889.

$
$
$
$
*
*
864,112 +643,663
585,437
877,216
855,113
808,673
C h esap e ak e A Ohio
613,019
494,411
515,991
490,553
419,090
*382,860
E. T e n u . V a. & G a ..
80,104
83,085
71,169
74,822
66,395
*62,016
K an.C .M em . A B ir .
L o u isv . A N ash v .. 1.426,465 1,687,209 1,834,271 1,866,791 1,545,482 1,448,494
124.753
141,615
125,514
94,767
105,437
«90,187
M em phis & C h a r..
207,000
266,333
257,223
250,8 5
242,703
211,375
M obile & O h io .......
76<>,776
749,588
600,767
800.834
795,162 $751,259
N orfolk A W e s t’nb
994,970
930,263
896,286
947,430 1,107,02o
896,459
R ichm .& D anvilleS
T o t a l.................. 4.673,197 f ,020,954 5,372,766 5,615,889 5,028,636 4,463,055
* F o u r th w eek n o t r e p o r t e d ; ta k e n sam e as la s t y e a r.

The Southwestern group shows quite a heavy loss, but
maiLly by reason of the very large decrease on the
Atchison system.
EA RN IN G S O F SO U T H W E ST E R N G R O U P .

July.

1894.
$

A . T .A S . F . ]
Col. M id ... i- *2,644,114
8.L.A S.F.S. j
418,700
Den.& Rio G r.
212,314
I n t. & G t. No.
K .C.F.S.A M.. a269,704
746,891
M o. K . & T ex .
M o.P .& Ir.M t. 1,503,273
66,1'4
S t. Jo s.A G r.I.
265,100
S t.L . S outhw .
444,619
T exas A Pac.

1893.

1892.

$
r 3,088,669
3,689,972 { 178,568
[ 750,817
770,573
458,800
289,896
260;411
348,996
a289,365
850,452
753,595
1,800,614 2,132,544
77,596
80,762
354,601
820,000
502,367
471,390
$

1891..
$
2,945,878
173,348
708,995
768,211
301,639
349,062
795,820
1,951,271
70,060
322,516
514,461

1890.

1889.

$
2,549,455
155,194
684,733
■ 810,017
288,817
368,749
683,620

$
2,052,138
140,363
614,481
724,092
253,740
387,083
626,134

115,566
307,441
514,964

82.799
271,562
490,125

a F ig u re s h e r e f o r I8 9 4 a n d 1893 a r e sim p ly t h e t o t a ls o f t h e e a rn in g s f o r t h e
fo u r w eek s o f t h e m o n th as re p o rte d in th e w eekly r e t u r n s ; t h e m o n th ’s e a r n 
ings u s u a lly ex c e e d th e w eekly e s tim a te s q u ite co n sid e rab ly .
* F ig u res f o r f o u r th w eek n o t r e p o rte d ; ta k e n sa m e as la s t y e a r.

Of course, the very worst exhibit of all comes from
the Pacific roads, though the Northern Pacific is the
only one of the larger American roads for which we have
the figures of earnings. The Canadian Pacific lines
are mainly outside of the United States; the road has
a decrease of not quite 20 per cent, gross for 1894
being $1,509,000, against $1,863,267 in July 1893 and
$1,796,095 in July 1892.
EARNIN GS O F P A C IF IC RO A D S.

T o ta l............ 6,570,819 8,124,909 9,345.073 8 991.259
* F o u r th w eek n o t r e p o r t e d ; ta k e n s a m e a s la s t y e a r.
a F ig u re s h e re fo r 1894 a n d i898 a re sim ply t h e to ta ls o f th e e a rn in g s f o r t h e
f o u r w eek s o f t h e m o n th as r e p o rte d in th e w eakly r e t u r n s ; t h e m o n th 's e a r n 
in g s u s u a lly ex c e e d th e w eekly e s tim a te s q u ite co n sid e rab ly .




225,111
224,481
193,864
225,992
216,032
179,799
F lin t A P . M a rq ....
342,096
296,694
238,108
277,234
277,793
209,261
Gr. R ap.A In d . Sys.
Illin o is C e n tr a l— 1,097,316 1,789,736 1,449,566 1,501,856 1,280,690 1,230,103
307,003
249,339
234,239
282,978
300,165
273,713
L a k e E rie A W e st.
133,839
120,513
105,405
83,887
136,741
103,548
L o u .E v an s.A S t.L :
272,370
240,657
214,230
305,123
294,257
211,31
Louis. N. A . A C h ic.
298,165
240,083
212,919
398,091
351,386
373,152
N. V. O u t. A W e st.
220,507
191,081
209,800
188,317
260,468
193,532
P itts b ’g A W e s t’n .
78,643
114,896
109,623
114,311
118,580
108,290
St. L. A lt. A T . H . .
85,235
82,506
83,042
100,091
88.9C6
81,805
T ol. A n n A x.A N .M .
131,658
164,654
169,301
164,458
167,708
164,581
Tol. A O hio C e n t...
'71,416
84,729
67,953
72,647
72,52)
70.512
Tol. P e o . A W e s t . .
91,562
191,635
187,327
133,303
163,477
142,700
Tol: S t. L . A K . C.
326,470
333,889
324,828
£03,315
305,331
W est. N .Y . A P a .. *321.715
127,319
71,490
106,149
98,937
134,635
99,659
W h eel. A L . E r i e . .
T o ta l.................. 4,303.892 5,717.571 5,291,727 5,295,6121 4,706,605 4,173,283

July.

1894.

1893.

1892.

1891.

1890.

1889.

C an. P acific.........
N o rth ’n P acific.
Rio G r. W e s t’n ...

$
1,509,000
634,798
148,425

»
$
$
S
#
1.863,267 1,796,095 1,680,692 1,511.000 1,455,322
1,620,821 2,196,29S 1,960.476 2,015,316 1,925,394
249,556
174,12'
141,526
249,708
197,350

T o ta l.............

2.292.223

3,681 438 4,242.101 3.890.624 3.700.438 3.522.248

214

the

c h r o n ic l e :

Ì[Vol. L1X,

GROSS EA RN IN G S A ND M IL E A G E IN JU L Y .
Gross E a rn in g s.
N a m e o f R oad.
1894.

1893.

1894.

Mileage.

Increase or
Decrease. 1894.

$
$
$
976,694 1,840,037 —863,343 6,696
A.tch. T.& 8 . F e S y s* .
» A tla n tic & P acific*
117,327
182,042
—64,715
'947
fiS t.L . ¿¿ S .F ra n . 8ys.*
245,415
339,366
—93,951 1,328
56,263
i* Colorado M idland.*
80,112
—23,849
351
4S6.869
B a lt. & Ohio S outhw a
537,106
—50,237
917
1,501B in n ’h am & A tlan tic
2.064
—556
22
115,422
B rooklyn E le v a te d -t
122,079
— 6,657
20
287,566
Buff. Roch. & P ittsb
317,310
—29,744
334
B u rl. Ced. R. & N o ...
|223,863
275,671
-5 1 ,8 0 8 1,134
C anadian Pacific....... 1,509,000 1,863,267 —354,267 6,327
8,295
•Carolina M idland__
7,788
+507
55
10,266
C h a r. Cin. & C h ic ...
11,170
—904
207
8,000
C h a r. Sum ter & N o ...
8.500
—500
139
803,673
Chesanea ire & O hio..
855,113
—46,440 1,26;)
214,748
Chic. & E a st Illinois.
368,035 —153,287
515
224,862
Chic. G reat W estern.
317,130
—92,268
922
Chic. Mil. & St P au l. 1,779,226 2,593,355 —814,129 6,086
73,453
Chic. Peo.& 8t.LoUis.
76,457
—3,004
313
Chic. R. Isl. & P a c ... 1,018,436 1,542,114 —523,678 3,571
116,744
Chic. & W est M ich...
149,160
—32,416
575
5,494
Cin. Georg. & P o rts ..
6,305
-8 1 1
42
53,618
53,564
Cin. Ja ck . & M ack__
+54
345
20,269
23,984
C in n .F o rtsm ’th & Va.
—3,715
106
966
Col. & M ay sv ille...
1,353
—387
19
925,131 1,205,252 —280,121 1,850
Cfiev. Cin.Ch.& St. L . .
96,658
Col. San’kv. & H ock..
58,021
+38,637
272
800
Colusa & L ak e............
2,000
—1,200
22
C u rren t R iv e r............
7,430
6,982
+448
82
418,700
D env. & Rio G ra n d e ..
458,800
—40,100 1,657
77,628
D et. L an s’g & N orth..
90,913
—13,285
334
185,486
D ul. So. Shore & A tl..
236,702
—51,216
589
228,220
E . T enn. Va. & Ga.*264,450
—36,230 1,265
62,032
E lg in J o lie t & E a s t..
61,805
+227
182
22,663
E v an sv . <& In d ia n a p .
31,248
—8,585
156
5,237
E vansv. & R ichm ’d.*
6,474
—1,237
102
76,323
E v an sv . & T. H a u te ..
116,762
—40,439
165
179,799
225,992
F lin t & P ere M arq ...
—46,193
639
13,119
23,034
F t. W orth & Rio G r..
—9,915
146
662
G ad sd en & A tt. U n.
886
—224
11
82,809
80,892
G eo rg ia........................
+ 1 ,417
307
73,073
64,838
G a. South. & F lo rid a.
+ 8.235
285
158,534
188,401
G r.R apids & In d ia n a .
—¡29,867
436
36,319
33,441
Cin. Rich. & F t. W ..
+ 2,878
86
3,859
5,211
T rav erse C i t y ......
—1,352
26
10,549
Musk. Gr.R.& In d ..
11,055
—506
37
Gr. T ru n k of C anada! 1,323,217 1,594,829 —271,612 3,508
75,811
Chic. & Gr. T runk.*
227,881 —152,070
335
53,316
D et. Gr.Hav.& M il.*
66,129
—12.813
189
G t. No.—S. P. M. <Sr M. 1,099,738 1,085,66c
+ 14,078 3,709
110,166
129,392
E a ste rn of M in n ...
—19,226
72
151,652
94,770
M ontana C e n tra l..
+56,882
256
2,368
2,375
G ulf & Chicago..........
—7
62
8,000
H u m esto n & Shen . ..
8,425
—425
95
Illin o is C e n tr a l......... 1,097,316 1,789,730 —692,420 2,888
41,145
In d . Dec. & W estern.
38,494
+2.651
152
212,314
2 6 0 ,4 1 1
I n te r n a t’l & Gt. N o..
—48,097
825
116,388
In tero cean ic (Mex.).*
105.569
+ 10,819
519
120,679
Io w a C e n tral..............
131,378
—10,699
497
3,032
Iro n R ailw ay........... ..
1,921
+ 1 .1 1 1
20
28.885
K an aw h a & M ic h __
23,756
+ 5 ,1 2 9
173
21,702
K an . C. Clin. & S p r ...
17,479
+ 4,223
163
269,704
K an. C. F t. 8 .& Mem..
289,365
—19,661
671
41,206
K an. C. Mem. & Bir.*
45,585
—4,379
276
36,206
K an .C .P ittsb . & Gulf.
21,263
+14,943
235
29,355
K an . City 8ub. B e lt..
+2,027
27,328
35
23,770
K an . C ity & N.W .......
21,848
+ 1,922
175
933
Kan.C.A B e a tric e ..
1,198
—265
20
27,396
K eokuk & W estem ...
148
28,238
—842
6,124
5,414
L ak e E rie All. & So. •
+710
61
273,713
L ak e E rie & W estern.
282,978
—9,265
725
28.504
L ehigh & H ud. R iver.
57,721
—29,217
90
103,518
Louisv. E v an s. & St.L
135,741
—32,193
368
Louisv. & N ash v ille.. 1,426,465 1,687,209 —260,744 2,955
211,310
Louisv. N. Alb.& Chic.
305,123
—93,813
537
37,736
L ouisv. St.L. & T e x ..
45,594
—7,858
166
L ouisville S outhern.*
30,118
32,608
—2,490
130
5,272
M acon & B irm ing’m .
5,548
—276
97
10 ,212
M a n istia u e ......... ......
4,015
+ 6 ,19 7
44
51,650
Memp. & C h arlest’n*
56,230
—4,580
330
635,625
M exican C e n tra l.......
563,733
+ 71,892 1,860
M exican N atio n al.
300,889
3i»7,509
+6,620 1,219
175,108
M exican Railway* ..
154,870
+20,238
321
25,614
M exican S outh ern*..
10,969
+14,645
227
107,312
M inn. & St. L o u is.. . .
140,025
—32,713
355
746,891
Mo. K ans. & Tex. sy s..
753,595
1—6,704 1,945
Mo. P ac. & Iro n M t.. 1,503,273 1,800,614 —297,341 5,375
12,706
Mobile & B irm ’gham*
12,668
+33
149
211.375
Mobile & Ohio............
250,835
—39,460
687
5.882
N. O rleans & S outh...
7,474
—1,592
65
N.Y.Cen. & H ud. Riv. 3,158,003 3,926,232 —768,229 2,396
373,152
N. Y. Ont. & W est___
398,091
—24,939
477
795,162
N orfolk & W e s te rn ...
751,259
+43,903 1,567
634,798 1,620,821 —986,023 4,623
N o rth ern Pacific.......
59,788
Ohio R iv er...................
67,404
- 7 ,6 1 6
'215
71,047
Ohio S o u th ern ............
50,876
+20,171
226
64,566
Peo. Dec. & E v a n sv ..
81,092
—16,526
334
2,744
P itts. M arion & Chic.
—174
2,918
25
41,097
P ittsb . Shen. & L. E .
54,798
—13,701
178
114,042
P ittsb . & W estern __
141,736
—27,694
227
52.212
P ittsb . Clev. & Tol.
80,144
—27,932
77
P ittsb . P a. & F a i r ..
27,278
—11,310
38,588
61
17,800
P t. R oyal & A ugusta.
17,871
—71
112
17,638
Q uin. O m aha & K. C ..
22,951
—5,313
134
675,704
R ich . & D an v ille.......
670,243
+ 5,461 2,208
G eorgia Pacific . . .
135,678
135,181
+ 497
'564
C har. Col. & A ug..
53,613
58,810
—5,197
191
31,464
Col. & G re e n v ille ..
32,052
—588
199
18,356
R io G rande South’n*
17,988
+368
180
148,425
R io G rande W estern.
197,350
—48,925
529
Bag. T uscola & H uron
12,180
15,070
—2,890
67
<3t. Jo s. & Gr. Isla n d ..
66,134
80,762
—14,628
445
St. L. Alt. * T. H . . . .
108,290
118,51-0
—10,290
239
St. L. K e n n e tt & S o ..
1,901
2,135
—234
20
Sit. L ouis Southw es’n .
265,100
320,000
—54,900 1,223
St. P au l & D u lu th ...
115,879
151,841
—35,°62
248
S an F ra n . & No.Pac.*
51,485
50,363
+ 1,122
165
Sav. Am er. & M ont..
31,988
35,368
- 3 ,3 8 0
300
11,847
Sher. 8hrev.& South.*
13,707
—1,860
155
N ilv erto n.....................
5,500
6,372
—872
20
T ex as & P acific..........
444,619
471,390
—26,771 1,499
T ex . Sab. V. & N . W..
2.731
4,717
—1,986
38
Tol. A. A rb.& N . Mich
"81,8051
83,042
307
—1,237




Oros8 E a rn in g s.
I f am e o f R oad.

1893.
6,719
'947
1,328
'351
917
22

17
294
1,134
6,015
55
207
139
1,269
480
922
6,086
313
3,571
'575
42
345
106
19
1,850
272
22

82
1,646
'334
589
1,265
182
156
102

Tol. & Ohio C e n tr a l..
Tol. P eo ria & W est’n.
Tol. St. L. & K. City .
W abash.........................
West. N. Y. & P enn.*
Wheel. & L ake E rie ..

86

2,888

152
825
519
497

20

173
163
671
276
187
35
175

20

148
61
725
90
368
2,955
537
166
130
97
44
330
1,860
1,219
'321
227
355
1,945
5,375
149
687
65
2,321
'477
1,556
4,623
'215
150
334
25
178
227
77
61
112

134
2,208
'564
191
199
172
529
67
445
239

20

1,223
'248
165
30c
155

20

1,499
38
307

$
164,581
164,458
70,512
72,647
142,700
163,477
763,600 1,150,784
219,500
200,100
99,659
134,635

$
+ 123
—2,135
—20,777
—387,184
+ 19,400
- 3 4 ,9 7 6

1893.

368
247
451
1,935
629
260

308
247
451
1,935
629
260

GROSS EA RN IN G S FROM JA N U A R Y 1 TO JU L Y 31.
N am g o f Road.
A tch. Top.& S.Fe Sys.*
A tlan tic & Pacific*..
St.L. & S .F ran. Sys.*
Colorado M idland*..
B rooklyn E le v a te d ___
Buff. Roch, & P ittsb u rg
C anadian P acific............
C arolina M idland..........
C harleston Cin. & Chic.,
C hesapeake & O hio___
Chic. & E a s t’n Illin o is.
Chic. G reat W e s te rn ...
Chic. Peo. & St. L o u is..

11

26
37
3,515
335
189
3,709
72
256
62
95

1893.

30,990.332 38.978,977 —7,988,645 96,757 96.108
* F o r th ree w eeks only.
1 F o r four w eeks ended J u ly 28.
a Includes Ohio & M ississippi fo r b o th y ears.

165
639
146
307
285
436

Mileage*

Increase or
Decrease. 1894.

Colusa & L ake.................
C u rren t R iv e r.................
Denv. & Rio G rande ..
D et. L ansing & N orth’n.
Dui. So. Shore & A tl__
E a s t T enn. Va. & G a *..
E lgin Jo lie t & E a s t___
E vansv. & Indianapolis
E vansv. & Richm ond*..

G eorgia.

T rav erse C ity............
Mus. Gr. R. & I n d ...
Gr. T ru n k of C anada.
Chic. & Gr. T ru n k * ..
D et. Gr. H . M ilw.*..
G reat Nor. St. P . M.& M
E a ste rn of M innesota,
M ontana C e n tra l.........
Gulf & C hicago.............. .
H um eston & S henand’h
Illinois C e n tra l..............
In d ian a Dec. & W est...
In t. & G re a t N o rth ern .
In tero ce an ic (M ex.)*..
Iow a C e n tral..................
Iro n R ailw ay ................ .
K an aw h a & M ic h ig a n ..
K an. City Clin. & S p r ...
K ansas C. F t. S.& M em ..
Kan. C ity Mem. & B ir.*
Kan. City P itts. & G ulf.
K ansas City Sub. B e lt..
Keokuk & W estern .......
L. E rie A lliance & S o ...
Lake E rie & W e s te rn ...
L ehigh & H udson R iver
Louisv. E v an sv . & St. L.
L ouisville & N ash v ille..
Louisv. N. Alb. & C hic..
Louisv. St. L. & T e x a s..
Louisville S o u th ern * ...
M acon & B irm in g h am ..
M an istiq u e ................ ......
M em phis & Charleston*
M exican C e n tral.............
M exican N a tio n a l. . . . . . .
M exican R a ilw a y * ......
M exican Southern*.......
M inneapolis & St. Louis
Missouri K. & T ex. sy s..
Mo. P acific & Iro n M t..
Mobile & B irm ingham .*
Mobile & O hio............
N. O rleans & S outhern.
N. Y. Cent. & H ud. Riv..
N.Y. O ntario <fc W est’n . .
Norfolk & W estern .........
N orthern P acific............
Ohio R iv e r.......................
P eoria Dec. & E v a n s v ..
P ittsb . M arion & C hic..
P ittsb . Shen. & L. E rie .
P ittsb u rg & W e s te rn ....
P ittsb . Cleve. & Tol....
P ittsb . P aines. <s F ’p t.
P o rt R oyal & A ugusta..
Quincy O m aha & K. C ..
Richm ond & D a n v ille ..
G eorgia Pacific............
C har. Col. & A u g .......
Colum bia & G reen v ...
Rio G rande Southern*..
Rio G rande W estern__
Bag. T uscola & H u ro n ..

1894.

1893.

$

$

19,706,217

26,089,033

6,382,816

3,396,795
12,408
1,033,043
1,363,020
1,986,175
9,646.769
29,939
91,762
87,156
4,891,190
1.690,096
1.899,338
15,457,501
499,247
9,051,243
841,069
37,223
345,412
137,584
5,872
6,829,589
8,467
71,008
3,471,269
575,046
927,429
2,702,323
555,896
149,194
56,753
601,243
1,384,173
133,339
3,799
696,472
495,905
1,044,976
217,314
28,056
58,122
9,680,408
1,515.848
511,896
5,267,117
509,321
850,679
22,503
64,800
9,614,641
206,295
l,6 2 6 .2 5 f
1,347,24!
934,289
22,566
202,719
160,035
2,141,551
533,745
191,63!
139,150
207,187
38,663
1,776,309
229,033
787,460
10,631,419
1,501,067
233,359
323,129
41,526
41,189
667,616
4,929,576
2.427.269
1.764,332
152,871
890.626
4,925,489
12,170,517
140,014
1,802,636
54,346
22.958,858
2,120,113
5,650,339
6,786,872
359,069
439.823
18,776
209,784
695,142
343,185
155,135
158,590
128,636
4,850.693
987.918
378,368
307,583
1 9*461
1,106,783
65,837

3,843,690
19,234
1,121,926
1,973,530
2,159.631
11,323,264
31,298
88,667
90,290
5,801,966
2,488,452
2,388.067
18,803,719
630,979
10.536,668
1,076,317
38,124
394,225
152,827
8,152
7,878,189
12.555
70,868
4,767,235
672,319
1,266,799
3,137,936
523,885
209,302
76.836
726,519
1,708,005
212,564
6,007
747,607
479,532
1,338,843
269,271
35,827
87,116
10,928,715
1,990,157
596,756
7,016,027
605,894
667,642
22,346
71.434
11,690,566
2 58,386
2,255,621
1,215,737
1,039,033
24,406
195,105
150,561
2,499,267
584,922
73,468
134,346
210,601
45,604
2,081,040
327,559
1,008,206
12.405,920
1,903,730
341,990
375,312
39,278
70,238
791,4 >8
4,622,835
2,519,384
1,730,962
96,858
999,733
5,425,226
14,534,659
154,259!
1,917,680
71,519
26,597,045
2,204,072
5,828,079
11,248,365
440,910
513.878

446,895
6.826
88,883
610,510
173.456
1,676.495
1,359

Increase. Decrease.

$

$

3,095

140

32,011

16,373

183,037
157

131,508
7,614
9,474
118,163
4,804

2,248
306,741
33,370
56,013

22,666

253,537
869,718
490,906
192,712
164,894
155,134
5,034,240
1,057,023
379,173
291,850
317,731
1,308,362
73,380

15,733

‘*‘3’, 134
910,776
798.356
488,729
3,346,218
131,732
1,485,425
235,248
901
48,813
15,243
2,280
1,048.600
4,083
1,295,966
97,273
339,370
435,613
60,108
20,083
125,276
323,832
79,225
2,203
51,135
293,867
51,957
7,771
23,994
1,248,307
474,309
84,860
1,748,910
96,573
6,634
2,075,925
52,091
629,366
104,744
1,840
357,716
51,177
3,414
6,941
307,731
98,526
220,746
1,774,501
402,663
108,631
52,183
29,049
123,792
92,115
109,107
499,737
2,364,142
14,245
115,044
17,173
3,638,187
83,859
177,740
4,461,493
81,841
74,055
3,890
43,753
174,576
147,721
37,577
6,304
26,498
233,547
69,105
805
138,270
201,579
7,543

A ugust 11, 1894. ]2
N am e of Road,
St. Jo s. & G ran d I s la n d .
St. L. A lt.& T .H .B r’eha.
St. L. K e n n e tt & South..
St. Louis S o u th w estern.
St. P a u l & D u lu th ..........
San F ra n . & No. Pacific*
Savan. A m er. & M ont..
S h erm an S hreve. & So.*
S ilv e rto n ..........................
T ex as & P acific..............
T ex. Sabine V al. & N.W.
Tol. Ann A rb. & N. M ..
Toledo & Ohio C e n tra l..
Toledo P eo ria & W est’n .
Tol. St. L. & K an . City..
W abash..............................
W estN . Y. & P a .* .........
W heeling & L ake E r i e ..

•THE CHRONICLE.
1894.

1

1893.

$
$
523,867
679,012
720,353
894,596
15,216
15.916
2,223,591
2,742,920
740,630
979,291
416,394
434,845
239,943
297,802
141,153
141,402
15,352
30,975
3,372.689
3,756,786
23,206
30,867
578,187
598,717
831,404
1,131,719
470,851
533,715
794,097 i 1,042,983
6,101,097
7,684,842
1,535,918
1,998,600
628,046
879.921

240,770,718 288,353,248
N et decrease.
* F o r th re e w eeks only in Ju ly .
a In clu d es Ohio <&M ississippi fo r b o th y ears.

Increase.

Decrease

$

»
155,145
174,243
700
519,329
238,661
18,451
57,859
249
15,623
384,097
7,661
20,530
300,315
62,864
248,886
1,583,745
462,682
251,875

920,481 48503011
47582530

£215

cleaning up for the half-year was phenomenal and a record?
was reached which is claimed by the management to beati
everything done in silver mining before. The yield from all
sources during that important week was:
S ilver........................................... ................................. ............ 675,913 ounces.
Lead«.......................... . . . . .................................................. .
1,822 to n s.
Copper.......... ...................................................... .
595 to n s.
G ross v alu e of above............................ ............ ............................... £106,773

The official report of the company for the half-year ending
May 31 has just been received, and from it and from previousreports the following, which covers not only the half-year b u t
also the full results for the years 1892-93 and 1891-92 has been
compiled.
6 m onths end M ay 31—

6 m onths end. Nov. 3 0 —

Tear ending Nov. 30—

1894.
1894.
.
to n s. 270,442
. ozs.7,241,998
to n s .
25,638

1893.
—
230,463
5,972,194
21,734

1892
180,852
5,754,940
26,843

.to n s...................
..o z s...................
.to n s. .............

260,047
6,533,232
25,609

73,973
2,310,208
9,654

490,510
12,505,426
47,343

254,825
8,065,148
36,497

.to n s.

GOLD AND SILVER MINING I N
A US TEA LA S I A .

The above shows that for the half-year ending May 31,
1894, the production of silver by the Broken Hill Company
(From a n occasional correspondent.)
was 211^ per cent greater than in the corresponding period of
last year and that the 'increase over 1892 reached nearly 26
M e l b o u r n e , July 6, 1894.
The revival in gold mining continues. This revival of per cent.
One silver mine in Queensland after spending £100,000 on
course owes much of its importance to the depression in trade,
which forces bo many men into mining, but the fabulous plant and workings has shut down, It could not land the
finds in Western Australia, while in part an effect are also a silver in London at less than 39 pence.
most potent cause. As a result of the much larger force, at
work and the new fields opened a considerable increase in the
output of gold is confidently expected this year. The official
CONDITION OF NATIONAL BANKS .
statistics of gold production in the various colonies for the six
We have received this week |from Mr. James H. Eckels,
months ended June 30, 1894, are as follows:
Ounces. Comptroller of the Currency, further abstracts of condition of
Y ic to r ia .................................
360,359
296,109 the national banks in leading cities under the call of July 18.
Q u een slan d...................................................
N ew S outh W ales.............
110,253
N ew Z ealan d ..........................................................................................
47.4=63 From them and from previous returns we have compiled a
W estern A u s tra lia ...............
82,764 statement similar to that given last week, which covers a few
S outh A u s tra lia ........................................................................
16,855
T asm an ia...........................
20,979 of the more important items and shows the relative position
O th er s o u r c e s ...,................................................................
6,525 of these financial institutions at about the same date in each
941,307 of the last three years.
On the basis of these results for the half-year, and after
The results for the Chicago banks naturally attract especial
consultation with eminent authorities in Australia, the follow attention. Their gold holdings were on July 18, 1894, nearly
ing estimate for 1894 is submitted, comparison being made double what they were on July 12, 1893, and about two and
with the official figures for 1893,
a-quarter millions in excess of July 12, 1892, In the item of
1893.
1894.
Ounces.
Usti. oss. loans there has been an increase over the total reached a year
671.126
710,000 ago, but compared with 1892 there is a decrease of fifteen and
. 616,940
622,000
, 226,811
195,000 a-half millions. Individual deposits are now six and three179,288
200,000
110,890
200,000 quarter millions greater than in 1893, but exhibit a decrease
S outh A u stralia.
33,820
34,000 from 1892 of seven millions. The following is a recapitula
37,687
40,000
tion of the items of gold holdings, loans and discounts, and
1,876,562
2 , 001,000 individual deposits of all the abstracts given to-day.
It will be seen that the estimate for Western Australia C h ic a g o N a t. B a n k s —
J u ly 1 8 , ’9 4 .
J u ly 1 2 , ’9 3 .
J u ly 1 2 , ’ 9 2 .
makes the production almost double that for the previous
Gold holdings..................$23,178,648
$12,660,970
$20.948,690
L oans and d isc o u n ts ... 89,234,051
82,420,381
104,827,864
year, 1893.
In d iv id u al d e p o s its .... 73,298,919
66,433,367
80,335,813
In Yictoria, though few new fields have been opened, an P itts b u rg N atio n al B a n k s Gold holdings. . . . . . . . . . $3,723,948
$2,939,864
$3.003,990
increased output is already apparent. A belt of country in
Loans a n d d isc o u n ts ... 38,654,963
3 9 ,9 2 l,2 >3
39,603,867
In d iv id u a l d e p o s its .... 34,252,938
31,008,069
36,287,968
the eastern district, once unpopular by reason of the occur
Nat. B a n k s rence of lead and iron with the gold, is now being worked St. Louis
$1,746,305
$3,827.179
Gold holdings................. $1,654,810
L o a n s a n d d i s c o u n t s . . . 2 6 ,2 3 2 ,7 6 3
2 6 ,5 0 8 ,1 0 2
3 0 , 3 0 1 ,4 1 4
with considerable success. In some directions tailings are
I n d i v i d u a l d e p o s i t s . . . . 1 6 ,4 3 5 ,9 4 0
1 5 ,6 0 6 ,4 7 2
1 9 , 9 9 4 ,6 7 5
being worked over again by one or other of the many pro C i n c i n n a t i N a t i o n a l B a n k s —
cesses in the market, and, generally, mining is being carried
Gold holdings.................. $1,245,869
*1,013,031
$ 1,172,310
L oans and d is c o u n ts ... 26,197,607
23,599,986
29,764,891
on in a more scientific and economic method than ever before.
In d iv id u a l d e p o s its .... 19,555,304
18,393,221
22,598,998
The net result will be, if our estimate is reached the largest N ew O rleans N ational B anks—
Gold h oldings.................. $522,573
$1,283,392
$798,404
yield since 1885.
L oans an d discounts.;.. 11,611,766
13,938,133
12,624,764
In
d
iv
id
u
a
l
d
e
p
o
s
its
....
13,987,415
14,682,795
14,514,890
In New Zealand, where the depression has been least felt,
a u l N atio n al B a n k s the gold yield is falling off steadily, while the reverse is the St. PGold
h o ldings................. $2,050,880
$1,7«6,459
$2,091,299
L
oans and d is c o u n ts ... 11,022,909
14,^29,701
15,113,268
case in Yictoria, as the subjoined statement indicates.
1891.
N ew Z e a la n d ............ 251,996
V icto ria....................... 576,399

1892.
237,392
654,456

1893.
226,811
671,126

1894 (esti.)
195,000
710,000

Several new fields have been opened in New South Wales,
and there is every reason to expect increased activity there as
long as depression exists in other directions.
The operations of the Broken Hill Silver Mine Proprietary
Company have been specially interesting during the past half
year. The management have planed away a large piece of
the landscape under their control so as to leave naked the
lodes, and this process made available for smelting large
masses of rich ore all along known to exist but hitherto kept
in reserve to average up the weekly yield. The normal out
put of 150,000 ounces of silver per week rapidly increased to
550,000 ounces, But the result for the week set apart for the




In d iv id u a l d e p o s its ....
A lbany N at. B anks—
Gold holdings............ ..
L oans an d d is c o u n ts ...
In d iv id u a l d ep o sits___
L incoln N at. B anks—
Gold h o ld in g s................
L oavs an d d is c o u n ts ...
In d iv id u a l d e p o s its ..=..

8,576,696

9,390,272

10,887,791

$712,898
7,406,160
6,416,968

$655,790
8,328,418
6,889,753

$797,465
8,247,473
6,988,243

$206,772
2,650,736
1,749,785

- $102,457
3,010,063
1,986,846

*$200,000
*4,340,808
*2,883,489

* F o r S eptem ber 3 0 ,1 8 9 2 .

The complete abstracts for July 18, 1894, for the eight cities
are given below, comparison being made with May 4, 1894—
the date of the last previous call—and with corresponding
period in 1898 (July 12). Chicago national banks exhibit a
gain since May 4 in the item of loans of $1,629,683, but their
gold holdings have fallen off $180,047. Individual deposit*
show a loss of nearly three and a-half millions,

THE CHE0M1CLÊ,

216
July 18.
C H IC A G O .

1894.
21

May 4,
1834.
21

July 12,
1893
21

Resources—
L o a n s a n d d isco u n ts, in c lu d in g o v e rd ra fts . I S 'i ^ i . o s i $87,604.368 $82,420,381
7,944,021
9,179,791
8,919,91«
S to ck s, b onds, &c.......
....................................
16,328.570
18,799,'" 23 23,64*,040
D a e fro m b an k s a n d b a n k e rs ...........................
877.154
804,510
811,066
B a n k in g ho u se, fu r n itu r e a n d fix tu re s .........
500,496
80<>,180
817,997
O th e r re a l e s ta te a n d m o rtg ag es o w n e d —
12,660,970
23.17 8,618 23,358,69 '
G old coin a n d c e rtific a te s .................................
2.752,000
4,525.135
3,490,602
S ilv e r co in a n d c e rtific a te s ..............................
9,449,412
14,112,024 16,79.3,318
L e g a l te n d e r n o te s a n d c e rtifl’s o f d e p o s it..
1,265,696
1,787,320
1,228,766
B ills o f o th e r b a n k s ...................... ...................
4,710,709
5,445.484
4,857,558
E x c h a n g e s f o r C le arin g -H o u se.......................
27,470
143,573
146.038
P re m iu m s o n U . 8. b o n d s.................................
318,860
203,221
309,466
O th e r re s o u rc e s .....................................................
T o t a l . . . . . ......................................................... $165,913,489 $174,350,700 $139,255,739

[V ol. L ix ,
July 18,

May 4,

July 12,

$8,400,000
3,727,144
3,038.500
6,460
19,550,304
816,865
11, ‘199,809
5i/2,400

$8,400,000
8,612.778
2,798,510
128,142
19,638,440
854,092
11,883,822
617,400

$9,100,000
3,677,186
2,782,800
8,402
18,393,221
714,008
6,911,724
739,400

T o ta l............................... ............................... $47,436,542

$47,913,190

$41,326,741

C I N C I N N A T I . —(Conclwded.)
Liabilities—
C ap ital s to c k p a id i n .........................................
S u rp . & u n d iv . pro fits, le ss ex p . & ta x e s ..
C irc u la tio n o u ts ta n d in g ................................
D iv id e n d s u n p a id ............................................
O th e r d ep o sits
D u e to b a n k s am
O th e r lia b ilitie s .

1894.

1894.

1893.

The changes in the various items in the statement of the
New Orleans banks have not been heavy either way since the
May call, loans showing a loss of $443,202, gold an increase
$20,900.000 of $109,545 and individual deposits a decrease of $877,474.
13,764,891
912,090 Compared with July, 1893, the loss in gold reaches $760,819,
23,320
06,433,367 and in individual deposits $695,380; but there is a falling off
290,984
36,931,031 in loans of $2,326,367.
to
May 4,
July 12,
July 18,

C a ^ s t f e a i d i n . . . . . ................... » ,........... >20,900,000 «20.900,000
B urp, a n d u n d iv . profits,less ex p . a n d ta x e s
I3 ,3 2 j.7 6 | 13,327,98o
778,740
C irc u la tio n o u ts ta n d in g ..................
1.035,255
5,990
„ M i
D iv id e n d s u n p a id ...................................
In d iv id u a l d e p o sits.............................................
28,298,919 70,222,905
5:2.109
C ither d e p o s its ................
xSS’Snf 62,582,911
D u e to b an k s a n d b a n k e rs.................................
50,779,804
O th e r lia b ilitie s ....................................................
.............
T o ta l ................................................................$165.913.489 $174.350.700 $139.255,739

The gain in gold by the Pittsburg banks since the date of
the May report approximates over two hundred thousand
dollars, and compared with July 12, 1893, the excess is $784,084. Loans have increased to the extent of a little more than
a million in less than three months but are one million dollars
,904 from
less than a year ago, and show a decrease of
July 12, 1892.
July 12
May 4,
July 13,

P IT T S B U R G .
N u m b e r ............ ..........

Resources.

B a n k in g h o u s e , f u r n itu r e a n d f ix t u r e s ...
O th e r re a l e s ta te a n d m o rtg a g e s o w n e d ..
S ilv e r c o in a n d c e rtific a te s .......................
L e g a l te n d e r n o te s a n d c e r t if ’s o f d e p o s it.
B in s o f o th e r b a n k s ...........................................
E x c h a n g e s f o r C le a rin g -H o u s e .....................
P re m iu m s on U n ite d S ta te s b o n d s ..............
O th e r r e s o u r c e s ..:.............................................

IA'ibiHties.
S u rp . & u n d iv . p ro fits le ss ex p . & ta x e s .
C irc u la tio n o u ts ta n d in g ..............................
D iv id e n d s u n p a id ........................... .............
O th e r d e p o sits j ..
D u e to b a n k s and
O th e r lia b ilitie s .

1893.
29

1894.
21.

1894.
29

$38,654 963
4,714,335
5,119,107
2,39-,395
3,081,675
921,181
3,723.948
8 ’8,667
1,811,771
259,523
1,803,524
224,355
324.228

$37,686,823
5,062,967
4,707,338
2,045,185
3,062,837
950,010
3.512,427
848,926
2,314,390
276,862
1,560,596
203,167
274,943

$39,924,226
4,313,970
2,673,827
3,713,248
2,801.351
936,249
2,939,834
689,232
1,624,904
208,035
1,571,776
206.319
371,092

$63,884,672

$62,665,461

$59,972,093

$11.700,000
8,867,963
2,384,588
113,514
34.252,938
2o0,230
0,299,403
10,000

$11,700,000
8,849,292
2,097,607
154,619
33,176,8-0
251,904
5,778,750
56,453

$11,460,000
8,376,90 :>
2,320,340
150,520
31,008,069
262.723
5,004,793
1,388,743

$63,884,672

$62,665,461

$59,972,092

St. Lcuis banks have decreased to a considerable extent
their supply of gold since the date of the May call and hold
$91,495 less of the metal than on July 12, 1893. In loans
there has been au expansion of nearly a million within the
past two and a-half months but a falling off of a quarter of
a million during the year. Individual deposits have receded
slightly from the May total, but are three-quarters of a
million greater than a year ago, and three and a-half millions
less than on July 12, 1892,
July 12,
May 4,
July 18,

S T . L O U IS .
N u m b e r ......................................................
Resourc s—
B a n k in g h o u se , f u r n itu r e a n d fix tu re s .......
O th e r r e a l e s ta te a n d m o rtg a g e s o w n e d ...
L e g a l te n d e r n o te s a n d c e rts , o f d e p o s it...
B ills o f o th e r b a n k s ....... ■ ............ .................
E x c h a n g e s f o r C le a rin g -H o u se .....................
P re m iu m s o n U. S. b o n d s .. . . ............. .
O th e r re s o u rc e s ......................

1894.
9

1893.
9

$26.232,703 $25,358,522
3,501,660
2,887,920
7,009,460
4,809,632
892,p45
921,185
197,421
166,593
2,591,285
1.654 810
1.570,766
2,261,085
2,383,941
2.922,840
36i,075
i 199,196
1,323.289
1,295,917
1,295.917
81,645
51.797
122,380
92,802

$26.508,102
2,201,437
2.921,398
878.344
175,048
1,746,305
808,743
1,918,208
114,529
1,212,136
62,300
136,809

$45,401,489

$38,683,359

$43,496.606

Liabilities—

1894.
9

$10.700,000 $10,700,000
2,815,710
2,846.435
405.000
363.920
1,919
1,443
15,606.472
17,164,099
I n d iv id u a l d e p o s its ............................................. 16.435,940
240.000
250.000
O th e r d e p o sits
...............................................
"50,000
8,281,749
14,075,592
D u e t o b a n k s a n d b a n k e rs ............................... 13,921.116
632,o09
O th e r lia b ilitie s .................i ............................... ........... 50,000________________________

C a p ita l s to c k p a id in g ......................
S u rp . & u n d iv . profits le ss ex p s. a n d t a x e s ..
C irc u la tio n o u ts ta n d in g ...................................

$9.700,000
2,736,851
400,950

T o t a l . . . . .......................................................... $43,496,606

$45,401,489

$38,683,359

Cincinnati banks have gained a little less than two millions
of dollars ia loans since May 4, and the year’s increase reaches
$2,597,621. Compared with 1892, however, there is a loss of
nearly three and a-half million dollars. Gold holdings exhibit
some e x p a n s i o n both when contrasted with May, 1894, and
July, 1893 and 1892. The individual deposiis of the banks in
foift city are greater now than a year ago, but three millions
below 1892.
July 12,
M>y 4,
July. 18,
C IN C IN N A T I.
N u m b e r ...................................... .........................

1894.
13

1894.
13

1893.
13

L o a n s a n d d isco u n ts, in c lu d in g o v e rd ra fts . $20,197,007 $24,808.805 $23,599,983
0,874,527
8,872,5 -7
8,583,433
S to c k s , b o n d s , & c .............................................
2,718,547
3,471,431
3,017,082
D u e fro m re s e rv e a g e n ts ..............................
2,3 9,139
2,532 638
2,76 >,794
D u e fro m b a n k s a n d b a n k e rs .......................
371,745
371,730
359,730
B a n k in g h o u s e , f u r n itu r e a n d fix tu re s . ...
58,724
40,982
45,937
O th e r r e a l e s ta te a n d m o rtg a g e s o w n e d ...
1,013,031
1.170,126
1,245,839
G o ld coin a n d c e rtific a te s ..............................
364,794
778,832
281,283
S ilv e r c o in a n d c e rtific a te s ................... ...
2,770,912
4,544,134
3,145,752
L e g a l t e n d e r n o te s a n d c e rts , o f d e p o s it...
405,310
38 ',022
242 914
B ills o f o th e r b a n k s
....... .........................
237,800
204,872
193,635
E x c h a n g e s f o r Cle lrin g -H o u s e .....................
396,699
479,778
463,988
P r e m iu m s o n U n ite d S ta te s b o n d s ..............
190,527
242,213
273,512
O th e r r e s o u r c e s ... . . . . . .............................. .
$47,430,542 $47,913,190 $41,320,741
T o ta l . . . .................. ...................................... $47,430,542




1894.
9
_
L o a n s a n d d isc o u n ts, in c lu d in g o v e r d r a f ts $11,611,766
3,236,071
S tocks, b o n d s, &c................................................
NEW

O RLEA N S.

Resources—

D u e fro m h a n k s a n d b a n k e rs .........................
B a n k in g h o u se, f u r n itu r e a n d fix tu re s . . . .
O th e r re a l e s ta te a n d m o rtg a g e s o w n e d ...
G o ld co in a n d ce rtific ate s.. , .....................
S ilv e r coin a n d c e rtific a te s ........................ .
L e g a l te n d e r n o te s a n d c e rts , o f d e p o s it...
B ills o f o th e r b a n k s ...........— .......................
E x c h a n g e s f o r C le a rin g -H o u s e ................... .
P re m iu m s o n U . S. b o n d s . ..» ........................
O th e r re s o u rc e s ...................... .............................

592.883
607,711
63,994
5 2 \5 7 3
1,388,950
1,499,022
59,110
863,307
75,073
50,293

1894.
9

1893.
9

$12,054,968 $13,938,133
3,006,784
3,171,33 «
1.061.372
2,250,994
483,275
770,4 >3
609,981
666,799
60,913
49,240
449,158
413,028
1,283,392
1,943,480
1,303,326
1,518,093
83,715
65,719
799,289
1,170,408
»2,500
76,128
86,359
59,688

T o ta l .............................................................. $23,069,397 $24,226,328 $24,108,197
Liabilities—
$3,125,000
$3.125.600
C a p ita l sto c k p aid in ........................................... $3,000,000
2,622,509
2,699,925
2,624,935
S urp. a n d u n d iv . profits,less ex p s. a n d ta x e s
798,393
776.013
753,042
C irc u la tio n o u ts ta n d in g ....................................
53.817
15.929
41,059
14,681,795
14,864,889
In d iv id u a l d e p o sits........................................ . • 13,987,115
2,157.938
605,008

2,616.957
Ik8,5ií5

1.815.450
1,110,227

T o ta l.................................................................. $23,069,397

$24,226, *28

$24,108,197

O th e r lia b ilitie s ....................................................

The banks of St. Paul hold now a greater amount of gold
than in either of the periods with which comparison is made
in the table below. Their loans show an expansion of about
four hundred thousand dollars since M y 4, 1894, but are three
million and four million respectively les3 than in July of 1893
or 1892. Individual deposits exhibit a gain over May, 1894,
but fall below July, 1893, by $818,576. The loss from 1892
reaches $2,311,095.
July 18,
ST. PAU L.
N u m b er....................................................... ..

1894.
5

May 4,
1894.
5

L oans a n d d isco u n ts, in c lu d ’g o v e r d r a f t s .. $11,022.909 $10,649,009
1,454,998
1,406,609
S tocks, bon d s, &c...............
2.133,908
D ue f ro m r e s e rv e a g e n ts . ........
1,8^9,649
451.621
D ue tro m b a n k s a n d b a n k e rs ..........................
498.57/
754,319
B anking h o u se, f u r n itu r e a n d f ix tu r e s .......
754,319
143,973
O th er r e a l e s ta te a n d m o rtg ag es o w n e d ...
143,973
2,017,484
Gold coin an d c e rtific a te s .................................
2,050,880
265.733
224,402
S ilver co in a n d ce rtific a te s.
162,581
159,048
Legal te n d e r n o te s a n d c e r t if ’s o f d e p o s it..
87,799
79,327
Bills o f o th e r b an k s .........................................
322,008
231,616
E x ch an g es f o r C learing H o u se ................... ..
P rem iu m s o n U. S. b o n d s................................
.
.
.79,286
88,942
O th e r resources!......................................... ........

July 12,
1893.
5

$14,329,701
1,093,054
992,131
469,370
842,064
269,593
1,760,459
188,509
105,820
55,582
224,244

0,000

80,151

T o t a l ........... .....................................
$18,500,281 $18,522,719 $20,508,738
Liabilities—
|
lA
800,000
$3,800,000
C ap ital sto ck p a id in ........................................... $3,800,000
350,828
2,278,735
Surp. a n d u a d iv . profits, less ex p . & ta x e s ..
2,214.734
269,350
256.890
C ircu latio n o u ts ta n d in g .................................
208.470
17,404
2,577
D ividends u n p a id .................................................
6,»91
,390,272
8,372,471
in d iv id u a l d e p o s its .............................................
8,570,096
479,302
431,823
O th e r d e p o s its ......................................................
4o0,021
,184,043
8,380,223
D ue t o b a n k s a n d b a n k e rs ................................
3,303,309
,017,539
O th e r lia b ilitie s ........................ . . . ........................
.............
T o t a l . . . ........................................ -.............

$18,560,281

$18,522,719

$20,508,738

The supply of gold held by Albany banks has decreased
somewhat within the past two and a-half months. Loans
show a slight gain in the like period, but ara less than in
July of either of the two preceding years. Individual depos
its exhibit a loss since May of $954,950, but compared with
July, 1893, the falling off is only $472,785, The decrease from
1892 reaches $571,275.
ALBANY.
N u m b e r............ ..................••........................ .........

July 18,

May 4,

July 12,

1894.
8

1894.
6

1893.
6

L o a n s 'and d isc o u n ts, in c lu d in g o v e r d r a f ts $ ?,4 0 ‘,160
S to ck s b o n d s & e........ ...........................
1,621,915
D u e fro m re s e rv e a g e n ts .................................
3,081,495
D u e fro m b a n k s a n S b a n k e r s . . . ...................
1,381,717
B a n k in g h o u se, f u r n it u r e a n d fix tu re s . . . .
295,000
O th e r re a l e s ta te a n d m o rtg a g e s o w n e d ....
15,803
G old co in a n d c e rtific a te s ...............................
712,898
S ilv e r co in a n d c e rtific a te s
............
63,898
L e g al te n d e r n o te s a n d c e r t’f ’s o f d e p o s it.
558.754
B ills o f o th e r b a n k s
....................................
70,919
E x c h a n g e s f o r C le a rin g -H o u s e .....................
»6,273
P re m iu m s o n U . S. b o n d s .................................
37,406
O th e r re s o u rc e s ...........................
75,413
T o ta l..............................
C ap ital sto c k p a id in .. • — ............................
S u rp . a n d u n d iv . p ro fits, le ss ex p . a n d ta x e s
C irc u la tio n o u ts ta n d in g ....................................
D iv id e n d s u n p a i d ...............................................
In d iv id u a l d e p o s its ..............................
O th e r d ep o sits . . . . . .
•••.•••••••••• ••••
D u e to b a n k s a n d h a n k e r s .. . . . . ............ . . .
O th e r lia b ilitie s ....................................................
T o t a l ........................................

$15,417,251

$7,25^,117
1,049,057
3,681,633
l,03o.359
295,000
14,403
703,070
.I M S ?
485 824
58,681

$8,328,418
989,098
1,790,430
1 ,499,783
295,000
3,603
655,790
qrS’sKv
312,857
70,873
497,36296,241
34,000
19,000
191,381______ 55,814

$16,191,549

$14,182,279

$1,550,000
$1,550.000
$1,550,000
1,521,530
1,523,653
1,516,578
268,900
519,540
515,560
3,165
„ 1,729
3,449
6,889,753
6,416,968
7,371,918
40,000
50,235
50,000
3,617,889
5,333,’397
5,102,305
291,036
21,739 _____ 21,739 ____ |______
$15,417,251

$10,191,549

$14,182,279

The banks of Lincoln exhibit an appreciable gain in gold
since May 4, and within the year have doubled their holdings.
Loans show some expansion within the past two and a-half

A u g u st

217

THE CHRONICLE

11, 1894.1

months but have decreased $859,827 since July, 1893. The ing Friday, Aug. 10 ; also the aggregates for January to Ju ly ,
inclusive, 1894 and 1893.
same is true of individual deposits.
L IN C O L N .
N u m b e r ....,......... ............................ . ..............
Resources—
L oans a n d d isco u n ts, in c lu d ’g o v e r d r a f t s ..
S tocks, b onds, & c ..................... .........................
D ue fro m re s e rv e a g e n ts . . . . ...........*............
D ue fro m b a n k s an d b a n k e rs ........................
B anking b o u se, f u r n itu r e a n d fix tu r e s .......
O th e r re a l e s ta te a n d m o rtg a g e s o w n e d .. . .
G old coin a n d c e rtific a te s .................................
S ilv e r coin a n d c e rtific a te s ................... .
L egal t e n d e r n o te s a n d c e r t’fs o f d e p o s it...
B ills o f o th e r b a n k s .............................................
E x ch an g es fo r C le a rin g -H o u s e ........ .............
P rem iu m s on U. S. b o n d s .................................
O th e r re s o u rc e s .................................................. .

July 18,
1894.
4

May 4,
1894.
4

July 12,
1893.
4

$2.650.736 $2.49n,746
230,715
225.734
«99.815
382.571
AS<;T29
137,417
79,793
79 753
53.251
78.654
155.520
206,772
25,022
31,711
72,639
69,512
4,450
8.011
30,804
38,839
7.650
7,650
58,597
75,287

$3.010.003
226,158
238,736
146,274
80,243
«3,308
102,457
33,866
76,373
7,492
20,089
8.650
162,493

¡$4,008,897
¡¡$4,008,897

$3,752,481

$4,152,802

C apital sto c k p a id i n .......... ............ ..................
S urp. & u n d iv . profits, le ss ex p . a n d t a x e s ..
C irc u latio n o u ts ta n d in g .....................................
D iv id en d s u n p a id ...................................... ........
In d iv id u a l d e p o s its .............................................
O th e r d e p o s its .......................................................
D ue to b an k s a n d b a n k e rs .. . : ..........................
O th e r lia b ilitie s ........... ..............
..............

$1.000.000
$1,000,000
162,827
155,650

$1.000.000
162,199
157,500

1,749,785

1,6'1,181

$1.000.000
188,371
157,500
3,000
1,986,846

940,635

804,50i
7,100

425,485
355,600

T o l a ! ...............................................................

$4,008,897

$3,752,481

$4,i52,802

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

Liabilities—

W is c o n s in S t a t e B a n k s . —We have received this week
from Mr. John Hunner, State Treasurer of Wisconsin, a
statement covering the condition July 2, 1894, of State banks,
from which the following has been prepared. Figures for
July 2,1893, are given for comparison.
W IS C O N S IN .

July 2,
1894.

N u m b e r . . . . . . . . . . . . . . . ......... ................ ..................... ............
125
Resources—
L o a n s a n d d is c o u n ts, in c lu d in g o v e r d r a f t s ....................... $23,018,477
S to ck s, b onds, & c.........................................................................
2,239,409
D u e fro m b a n k s a n d b a n k e rs .................................................
5,«98,438
B e a l e s ta te a n d b a n k f ix t u r e s .................................................
3,149.486
1,501,045
S p e c ie ........................................ • ........................ ...........................
U . S. C u rre n c y ................................................................................
1,695,675
C u r r e n t e x p e n se s a n d ta x e s p a id ...........................
62,855
O th e r re s o u rc e s .............................................................................
371,728
T o ta l......................................................................................
$37,067,173
IAaoUities—
C ap ital sto c k paid i n ..............................
$6,974,750
S u rp lu s a n d u n d iv id e d p ro fits .................................................
2,183,665
D e p o s its .:__ . . . . : ......................................................
27,768,491
D ue to b a n k s a n d b a n k e rs ....................... . . ............ .
1,084,267
O th e r lia b ilitie s .....................................................................
T o t il.

$37,967,173

July 3,
1897.
118

$34,168,472
1,986,899
5,714,948
1,246,842
1.783,577
3,584,733
88,230
784,678
$49,338,379
$6,806,900
2,826,254
37,826.559
1,826,395
52,271
$49,338,379

M ic h ig a n S t a t e B a n k s .— W e g iv e b e lo w a s t a t e m e n t s h o w
i n g t h e c o n d itio n o f t h e S t a t e b a n k s i n M ic h ig a n , a t t h e c lo s e
o f b u s in e s s o n W e d n e s d a y , J u l y 18, 1894, p r e p a r e d f r o m t h e
s t a t e m e n t is s u e d b y t h e C o m m is s io n e r o f B a n k i n g o f M ic h i
g a n . T h e r e s u l t s f o r M a y 4, 1894, a n d O c to b e r 3, 1893, a r e
a p p e n d e d f o r p u r p o s e s o f c o m p a r is o n .
July 18,
May 4,
Oct. 3,
M IC H IG A N .
1894.
1894.
Ib93.
Number..........................................................
168
163
159
Resources—
Loans and discounts.................................... $33,580,699 $33,503,069 $33,633,573
Overdrafts.....................................................
170,360
171,851
163,683
Stocks, bonds, &c.........................................
36,084,423 25,578,107 24,797,167
Due from reserve agents..............................
7,691,187 8,523,597
6,625,308
Due from banks and bankers......................
324,705 • 450,947
506,208
Banking house, furniture and fixtures......
1,654.334
1,606,129 . 1,494,946
Other real estate and mortgages ow ned....
679,375
6*0,129
561.234
Gold coin and certificates....................
1,657.386 1,710,673
1,728,852
Silver Coin and certificates...........................
303,418
296,219
269,315
Legal tenders and certificates of deposit. >
o qio »a«
o iaa qao
„ .OKflQO
3,319,186
3,186,303
3,485,633
Bills of other banks.... ......................... (
Exchanges for Cleari g House...................
207,759
292,996
304.445
Current expenses and taxes paid...............
115,668
¿07,925
2e< ,552
Interest paid................................
76,108
194,668
218,168
Other resources.......................................
223,166
234,982
373,107
Tota l..................
$75,087,775 $75,687,615 $73,631,190
Capital stock paid in ................................... $12,553,580 $12,346,665 $12,102,955
Surplus and undivided profits.....................
4,372,859 4,922,oi5
4,610,277
Dividends unpaid.........................................
27,468
2,906
23,173
Individual deposits ....................................
14,247,087 15,95 <869 14,691,013
Other deposits............................................
41,512,126 40,197,467 40,046,213
Due to banks and bankers...........................
1,645,550 1,594,043
1,183,704
Notes and bills payable................................
719,750 649 005
973,855
9,855
21,645
...........
Other liabilities..........................................
Total........................................................ $75,087,775 $75,687,615 $73,631,190
“ Other deposits ’’under State Banks include$33,966,815 savings deposits.
K e n t u c k y S t a t e B a n k s . —We have received this week
the report of condition of .the Kentucky State banks on June
18 as made up by Secretary of State Headley.
KENTUCKY.
Num ber................ .................................... ..........................................
Resour ces—

J 1894*8,
180

M o rtg a g e s, lo a n s a n d d is c o u n ts .........................................................................$36,979,744
D u e fro m b a n k s ..............................................................
6,726,844

Cash and cash item s.........................................................................
Other assets.................................................................................

4,147,582
3,787,087

T o t a l......................................................................................................... .......... $51,581,257

Inabilities—

C a p ita l s to c k p a id in In c a s h .............................................................................. $16,501,723
S u rp lu s f u n d .............................................................................................................. 5 627,748
D e p o s its .......................... ; ....................................................................................... 23,985,119
D u e b a n k s ............................................................................................... . . . . . .......... 3,438,053
O th e r lia b ilitie s ..................................................................................
2 028 814
T o t a l . . . . . . . . ................................................................................... 1................ $51,581,257

S t o c k E x c h a n g e C l e a r i n g - H o u s e T r a n s a c t io n s . — T h e

subjoined statement includes the transactions of the Stock
Exchange Clearing-House from July 30 down to and includ"




STOCK EXCHANGE CLEARING SOUSE TRANSACTIONS.

,—Shares, both sides.—,
Cleared. Total Value.
Honth—
$
Ja n ., 1893.
Feb., 1893.
M ar., 1893.
A pr., 1893 .
May, 1893.
J u n e ,1893.
J u ly , 1893.

28,544,500
25,108,900
24,591,100
20,802,600
28,209,500
17,190,700
19,685,700

7 m o s ....
J a n ., 1894.
Feb., 1894.
M ar., 1894.
A pr., 1894.
M ay, 1894.
June.1894.
J u ly , 1892.

164,132,900
18,363,000
12,847,600
16,912,900
14,728,000
19,140,800
13,185,700
10,911,400

2,064,709,000

X 744 400,000
1,690,000,000
1,421,300,000
1,738,900,000
1,016,900,000
1,100,000,000

7 m o s .... 106,089,400 6,596,341,000

,— Shares, both sides.—»
Cleared. Toted Value.

,-------Balance», one side.------P arlies
Shares. V alue Shares. Oash.Olear'ng
3,000,000
2,587,900
2,703,800
2.311.300
2,869,500
1,682,000
1.796.300

8.863,200

435,300
544,300
422,800
443,700
489,800

29,300,000
38,700,000
30,200,000
31,200,000
36,900,000

3,300,500
3,529,000
3,784,100
2,331,000
4,870,100
1,739,800
2,752,500

6,839
6,151
7,080
6,005
7,200
6,395
6,015

498,370,00011,536,500

44,052

,-------B alances, one side.------- P arlies
Shares. Value Shares. Oash.Olear’ng

$
J u ly 3 0 “ 3 1 -.
Aug. ;1 —
“
2“
3-

210.700.000
172.701.000
167 900,000
153.300.000
161.110.000
90.200.000
88.100.000

38.000
41.000
36,300
34,800
40.000

2.400.000
2.800.000
2.400.000
2.300.000
2.800.000

35.400
66.400
29.100
52,900
74.100

274
286
266
267
272

Tot. w k - 2 ,835,900 166,300,000
V m astyr5,953,400 316,800,000
Aug. 6 - 702,100 52,300,000
“
7 - 535,000 36,900,000
“
8 - 512,900 34,600,000
“
9 - 707,400 55,000,000
I 1 0 - 645,400 46,100,000

190,100 12,700,000 257,900 1,365
536,500 23,600,000 998,800 1,617
54.900 4,000,000 94,500
288
36,800 2,500,000 60,200
288
37.900 2,500,000 67,500
239
57,200 4,300,000 77,600
294
53,400 3,400,000 56,500
300

ro t. w k ..3,102,800 224,900,000
W klastyr4,528,L00 256,900,000

240,200 16,700,000 356,300 1,459
349,500 18,200,000 605,100 1,519

The stocks cleared now are American Cotton Oil common
American Sugar common, Atchison, Chicago Burlington &
Quincy, Chicago Gas, Chicago Milwaukee & St. Paul com .
mon, Chicago & Northwestern, common, Chicago Rock Island
& Pacific, Delaware Lackawanna & Western, Distilling &
Cattle Feeding, General Electric, Lake Shore & Michigan
Southern, Louisville & Nashville, Manhattan, Missouri
Pacific, New York Central, New Y. L. E. & West., North,
Pac. pref., National Lead common, Phila. & Read.. Un.
Pac., U. S. Cordage common and preferred and Western
Union.

[F rom o u r ow n eorrespondent.]
L o n d o n , Saturday, July 28, 1894.
The attem pt to raise rates in the open market has utterly
failed and quotations are again rapidly falling. The rate for
3-months’ bank bills is only about % per cent, and money
from day-to-day is being freely loaned by the banks at % per
cent. Not much gold, it is true, has been received by the
Bank for some weeks now, and there is a demand for the
metal from the Continent. But that demand upon us is not
likely to prove great as gold is being largely supplied from.
New York. Shipments of the metal from Bombay, too, are
beginning once more. They had ceased for a week or two,
but the price of gold has fallen somewhat, and buyers are
taking it readily at the lower quotation. Meanwhile trade is
quiet, speculation is paralyzed, the holiday season is beginning,
and confidence has received a further check from the discovery
that there have been considerable forgeries of bills, especially
in Dundee. It is not believed that much loss will fall upon
London, but for all that bill brokers and bankers are now
very carefully scanning all the paper offered to them. The
stock of coin and bullion now held by the Bank of England
approaches nearly 38% millions sterling and the reserve is not
much under 29% millions sterling. What, however, more
particularly impresses the open market is the exceptional
amount of the other deposits at the Bank of England, in.
which are included the bankers’ balances at the Bank. They
exceed now 38 millions sterling, having increased during the
week nearly half a million sterling. It is evident, therefore,
that the amount of money unemployed by the banks generally
is exceptionally large, and while this lasts rates must continue
very easy.
The India Council is still selling its bills very satisfactorily,
having obtained at public tender on Wednesday for the 40

218

THE CHRONICLE.

lakhs offered a trifle over Is. Id. per rupee, and having sold
some small amounts since by special contract. Apparently the
exchange banks up to a few week ago refrained from buying
to a greater extent than was wise. They have in consequence
ru n short, and they are now buying on a considerable scale.
The imports of cotton piece goods into India also have fallen off
very much, making the excess of the exports over the imports
very considerable. But the money market in India is very
quiet and trade is depressed. Early in the week there was
buying of silver on a very large scale. It is reported that one
■of the exchange banks had oversold in India to a considerable
•extent, that it was called upon to deliver, and that it has had
in consequence to buy exceptional amounts. The price is
now fluctuating about 28%d. per ounce. There is a general
expectation here that if war is actually carried on between
China and Japan both powers will require a very considerable
amount of silver, and that, therefore, there will be a sharp
rise in the price. But the opinion is gaining ground now that
the pressure of the European powers will bring about peace
soon.
The railway dividends now being announced are, under all
the circumstances of the case, very satisfactory. Eleven such
dividends have been declared already. Four are at higher rates
than at this time last year, the increase being in three cases
% per cent per annum and in a fourth % Per cent. Only two
announcements are lower than twelve months ago, and five
are at the same rate. The North Eastern, which serves the
North East of England—a great coal and iron district, pays
5 per cent, against 4% per cent. One or two of the companies
that serve Lancashire and Yorkshire have also done better
than in the first half of last y e a r; but most of the other
companies chiefly convey passengers. Considering the great
depression in the foreign trade, the consequences of the long
coal strike last year and the distrust which prevails, the
results are regarded as exceedingly satisfactory and they go
to confirm the impression that the home trade is as large as
ever and is fairly profitable.
Business on the Stock Exchange grows more and more
stagnant. Practically, the holiday season has begun, and
members have made up their minds that exceedingly little
will be doing for the next two months. The dead-lock in
Congress over the tariff bill and the continued shipments of
gold have practically stopped business in the American
department. The South American market is likewise very
lifeless. The latest news from Argentina is to the effect that
there have been over three weeks of unusually severe frost,
especially in the great province of Buenos Ayres that; grass
has been greatly injured; that the cattle-farmers find it
difficult to feed their stock, and that increased embarrassments
are therefore apprehended. The railways of the country,
too, are doing badly, and generally it looks as if the depres
sion would continue for at least another year. The news
from Chili and Peru is not encouraging ; but trade in Brazil
is active, and the Government is remitting large amounts to
its financial agents here. Upon the whole the outlook in
Central and South America is depressing.
The negotiations for the settlement of the Greek debt,
which were believed to have broken down at the end of last
week, were again resumed this week ; but the Greek Prime
Minister’s offer has been rejected by the representatives of
the bondholders. It is understood that Germany and France
will put pressure upon the Greek Government. The crisis in
Italy is deepening. Oddly enough, speculators in Paris, who
have been selling Italian Rentes for months past, are buying
back just now, with the result that there has been a consider
able rise this week in the stock. Yet in Paris as well as in
London a very gloomy view is taken of the prospects of Italy.
In Spain m atttrs are drifting, and are looking exceedingly
bad likewise.
While there is so much depression abroad it is natural that
the public here should be exceedingly cautious. It is known
th at immense amounts of money'are lying idle in the banks.
Securities which are considered perfectly sound are at such
exceedingly high prices that many investors think it better to
wait than to buy ; and foreign securities of all kinds are more
•or less discredited. At the fortnightly settlement this week
th e account open for the rise was found to be unusually
small, so that Stock Exchange borrowers were able to get
all the money they required at about 1% per cent. Yet there
have been more public issues this week than we have had for
a considerable time past, because those interested did not care



[VO L, L T X .

®o postpone them until the autumn. Most of them consist of
brewery securities, private owners taking advantage of
the favor in which brewery debenture stocks are held by the
public to convert their business into limited companies. For
the mo3t part they retain all the shares themselves, and raise
debenture stock for the purpose of paying off mortgages
that exist.
The rates for money have been as follows:
Interest allowed
fordeposits by

Open Market Rate».
Trade Bills.

B ank Bills.

London «rid

JDisc’t Wee

Joint

$ Three fo u r
Three Four Six
Stock A t 7 to 14
S ix
«5 Months Months Months Months Months Months Banks. OaU. Days.

June 22 2
“
J u ly
“
“
“

29
6
13
20
27

2
2
2
2
2

A® % -ll-1 6
%@ 9-104%
%@ ~
%@ —

%@ — 1 ® — 1 @1% VA®VA 1A&1M
A® % %®1 1 @1A IA®1A 1%@1%
A® - %@ - 1 @ — 1%® - 1%® —
%@ — % -15-l6 1 @ - VA® - lA® —
% a - 1A® - 1 ® - 1A® — 1A® A® — i%@ - 1%@1% 1%®1% 1%®1%

A
A
A
A
A
A

1
1
1
1
1
1

A
A
A
A
M
A

The Bank rate of discount and open market rates at th e
chief Continental cities no w and for the previous three weeks
have been as follows :
Rates of
Interest at

H a m b u r g ..........
F r a n k f o r t........
A m s te r d a m . . .
B ru sse ls .........
V ien n a..............
St. P e te r s b u r g .
M a d rid .............
C o p e n h a g e n ...

July 6.

July 13.

July 20.

July 27.

B ank Open Bank Open Bank Open
Rate. Market Rate. Markt t Rate. Marke
1%
2%
2A
2A
m
1%
3
3
3
2%
3
4

1%

m
1%
1%
1%
3A
6
6
3%

&A
6

3A

3
3
3

1%

3
3
3
2%
3
4

VA
1%
i%
2

VA
VA

5

5
5

3
4
5%
5

3A

3A

3A

5A

2A
3
3
3

1%

2A

3A

B ank Open
R ate. Market

2A

1%
1%
3A
5

3
4
5A
5

2A

3A

5

2
1%
1%
i%
1%

m
m
5
5
2A

The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared w ith the last three years:
1894.

1993.

1892.

1891.

July 25.
£

July 26.
£

July 27.
£

July 29.

26,829,925
4,690,075
34,886,603
13,507,044
24,955,663
19,179,046
29,577,571
48 5-16

26,792,070
4,502,745
32,196,331
13,542,491
24,795,701
16,427,262
26,769,332
44 9-16

C irc u la tio n .............. ......................... 25,813,090
6,198,934
P u b lic d e p o s its ................................
O th e r d e p o s its ......... ....................... 38,120,597
G o v e rn m e n t s e c u r i tie s ................ 12,670,088
O th e r s e c u r itie s .............................. 19,996,325
R eserv e o f n o te s a n d co in ........... 29,650,365
Coin & b u llio n , b o th d e p a rtm ’ts 38,064,055
P ro p , re s e rv e t o l ia b i lit ie s ..p .c .
66%
2
B an k r a t e ......................... p e r c e n t.
101%
C onsols, 2A p e r c e n t.....................
S tiv e r ................................................ 28%d. J u l y 20.
C learing H o u se r e t u r n s ................ 99,386,000

Messrs. Pixley
July 26:

.&

2A

2A

2A

£
26,274,140
4,357,842
35,544,950
11,841,038
28,822,704
17,422,250
27,246,390
43%

95 15-16
96 15-16
98%
46d.
39 3-10d.
32%d.
99,730,000 101,952,000 103,659,000

Abel] write as follows under date of

Gold.—Sufficient dem and fo r gold e x is ts to absorb a ll a rriv a ls in b a rs
a n d only coin reach es th e B a n k of E n g la n d . T he to ta l p u rch ase d
since o u r la s t is £ 9 6 ,0 0 0 an d £ 12 3,000 h a s b een w ith d ra w n for e x p o rt
A rriv als—C apetow n, £95,000; C hina, £65,000; In d ia , £73,000; Chili,
£2,000; W est In d ies, £ 18,000; A u stralia, £162,000; to ta l, £ 4 4 5 ,0 0 0 .
Shipm ents, to B om bay, Ju ly 19, £5,000.
Silver.—B ars h a v e b een in ste a d y d em an d a t 2 3 5s-u i(d . u n ti.
y este rd a y , w h en a su d d e n rise took place to 28toJ6d. fo r im m ed iate
delivery. T he p rice w as, how ever, only to be h a d fo r th is w eek’s m ail,
an d fo r n e x t w eek bu sin e ss to o k place th e sam e d ay a t 2 S \ d . , a n d
th is p rice rem ain s u n a lte re d to-day. A rriv a ls—Chili, £62,000; N ew
Y ork, £121,000; W est In d ies, £14,000; A u stralia, £2,000: t o t a l ,
£199,000. S hipm ents J u ly 19—To B om bay, £ 39,200 H on g K o n g ,
£84,499; Ja p a n , £1 7 ,0 0 0 ; C alcutta, £12,500; to ta l, £153,199 .
M exican D ollars.—L ittle h a s b een doing in th e s e coin, a n d t h e
n e a r e s t p rice is 2S 78d.

The quotations for bullion are reported as follows:
SILVER.

GOLD.

July 20. July 19
London Standard. July 26. July 19. London Standard .
a.
d.
s. d. S. d.
2 8 1 1 -1 6
77 9 B a r s ilv e r, fin e . ..o s. 28%
77 9
B ar g o ld , f in e ....o s ;
B ar g o ld , p a r tin g .o z
S p an , d o u b lo o n s, oz.
U. S. g o ld c o i n . . .oz.
G e rm a n g o ld coin.oz

77 9%
73 9
70 4 A
76 4%

77 9% B ar silv e r, c o n ta in 
in g 5 g rs. g o ld ..o z .
73 9
76 4% C ake s ilv e r ...........oz.
76 4% M ex ic an d o llars..o z.

29%
31
28%

291-10
3015-16
28%

The following shows the imports of cereal produce into the
United Kingdom during the forty-seven weeks of the season
compared with previous seasons:

UtPOKTa.

1893-94.
I mportfl o fw b e a t.c w t.60.160,424
B a r le y ............. .
28,858,167
O a t s .......................... 12,231,957
P eas........................
2,137,520
B eans.. . . . . . . . . . . . . . . . 4,835,675
Indian c o r n . . . . . . . . . . 33,982,746
F lo u r ................
17,509,024

1892-93.
59,261,545
15,214,186
12,761,163
2,012,228
3,662,904
29,47 7,609

1891-92.
62,829,794
15,522.137
13,553,389
2,526,988
3,810,995
27,184,660

1890-91.
52,968,612
15,572,537
14,465,354
1,829,639
2,849,358
27,602,885

18,651,281 17,973,384 14,568,89a

Supplies available for consumption (exclusive of stocks on
^September 1):
1893-94.
1892-93.
1891-92.
1890-91.
W heat.................. Owt.60,160,424 59,261,545 62,829,791 52,968,612
Im p o rts Of flour......... 17,509,024 18,651,281 17,973,381 14,508,893
"Sales of hom e-grow n.19,617,795 24,583,493 29,169,363 32,675,814

T o ta l..................... 97,287,243 102,496,319 109,972,538 100,153,324
1893-94.
1892-93.
1891-92.
1890-91.
A ver, price w h e a t w eek.24s. 6 d.
26s. 51.
29s. 3d.
38s. 6 d .
A v e rag ep rlo e, se a so n ..2 5 s . 61.
26s. 9d.
33s. 9d.
34s. l i d .

T his week.
L a st week.
3,816,000
2,708,000
295,000
296,000
515,000
453,000

1893.
2,937,000
299,000
513,000

M on.

S ilver, p e r o z . . . ............ d
O onsois,new , 2 % p e r ots.
do fo r a c co u n t.........
Ft*oh re n te s (in P a ris )fr.
U. 8 . 4 s of 1 9 0 7 ..............
C an ad ian P acific............
Calc. Mil. & S t. P a u l ....
Illin o is C e n tra l............ .
L ak e S h o r e .................
L ouisville & N a sh v ille ..
M exican C e n tral 4 s .......
N. T . C e n tral & H udson,
N. T . L ak e E rie & W est’n
do
2 d c o n s............
N orf oik & W estern, p r e f
N o rth ern Pacific p r e f...
P e n n sy lv a n ia .........

Tues.

Wed.

T o ta l 1 8 9 4 ......
T o ta l 189 3 .......
T o ta l 1892.......

$592,043 $20,374,065
632,238 19,328,792
179,061 , 12,889,176

1892
1,665,000
272,000
602,000

E ri.

Thurs.

2 8 1 3 16 28i3ia
2 8 13i e 2 8 H i e 2 8 %
1 0 2 3 16 1 0 2 3 16 1 0 2
1 0 2 1 16
1023, „ 102
102% 6
1 0 2 -1 0 0 2 -4 2 1 * 0 2 * 4 7 ^ 0 2 -4 2 % 1 0 2 -5 0 1 0 2 -7 5
2 8 1 3 16

;
■
;
;

;
;
;

¡*

f*

W
a

w
tü
O
W

0

H
■

UDion P acific.............
W abash p r e f .........

65%
60%
9 3 1*
1321*
48%
54
99%
14%
73%

66*8
60%
94
132%
503a
54%
100%
14%
74

68%
62
94%
134
51%
56
100%
14%
74%

14%
50
9%
8%
14%

15
50
9%
8%
15%

15%
50%
9%
9%
15%

© u r a r a c r c i& I a ix d

68%
61%
94%
133%
52%
56
101%
14%
75
16
503a
93s
9%
15%

U te tx rs

N a t i o n a l B a n k s . —The following information regarding
national banks is from the Treasury D epartm ent:
RECENTLY ORGANIZED.

4 ,9 7 1 —T he F irs t N atio n al B a n k of C ochranton, P e n n sv lv a n ia . C a p i
ta l, $5'»,009. H u g h Sm ith, P re s id e n t; Je sse Moore, Cashier.
4 f9 7 2 —The N atio n al B a n k of L a G range, In d ia n a . C apital, $50,000.
Solom on Rose, P re s id e n t; Jo se p h I. N orris, C ashier.
CORPORATE EXISTENCE EXTENDED.

2 .1 6 4 —T h e C itizens’ N atio n al B a n k of L ouisville, K en tu ck y , u n til
A ugust 1, 1914.
2 .1 6 5 —The F arm ers’ N atio n al B ank of P rin c e to n , Illinois, u n til J u ly
2 4 .1 9 1 4 .
2 ,1 6 8 —The F irs t N atio n al B ank of Ja c k so n , T ennessee, u n til J u ly 31,
1914.
2 ,1 8 3 —The F irs t N ational B a n k of C row n P o in t, In d ia n a , u n til A u g u st
4 .1 9 1 4 .
2,187—T he P eople's N atio n al B a n k of In d ep en d en ce, Io w a, u n til J u ly
30, 1914.

—The following are
the imports at New York for the week ending for dry goods
Aug. 2 and for the week ending for general merchandise
Aug. 3; also totals since the beginning of the first week in
January.
I m po rts

and

E x po rts

for th e

W

eek.

FOREIGN IMPORTS AT NEW YORK.

F o r Week.

1892.

1891.

1893.

1894.

D ry G oods.......
G en 1 m er’dise.

$2,541,729
7,293,951

$2,939,510
13,765,030

$2,828,673
7,622,151

$1,830,532
8,647,758

T o ta l..........
Since Ja n . 1.
D ry G oods.......
G en’l m er’dise.

$9,835,680 $16,704,540

$10,450,824

$10,478,290

$72,702,994 $74,906,749
246,869,889 271,591,682

$87,044,950 $49,544,403
292,255,372 212,394,354

T o ta l 31 weeks. $319,572,883 $346,498,431 $379,300,322 $261,933,757

The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Aug. 7 and from January 1 to date :
EXPORTS FROM NEW YORK FO R TH E W E E K .

F o r th e w e e k ..
P re v . re p o rte d .

1891.

1892.

1893.

1894.

$7,351,795
202,416,328

$6,345,406
231,282,270

$7,933,063
208,423,287

$7,733,762
213,232,731

T o ta l 31 weeks. $209,768,123 $237,627,676 $216,356,355 $220,971,493

EXPORTS AND IMPORTS OF SPECIE AT N EW YORK.

Gold.
G re a t B r i t a i n ...........
F ra n c e .........................
G e r m a n y ...................
W est I n d ie s ...............
M e x ico ..................... .
S o u th A m erica...........
A ll o th e r c o u n trie s..

Week.

Since J a n . 1,

$850,000 $15,438,800
1,750,0001 22,157,999
500,000 31,100,000
2,397 12,043,006
47,205
530,067
851,785

T o ta l 1 8 9 4 ........... $3,102,397 $82,168,862
T o ta l 18 93 ...........j
6,500l 68,688,475
T o ta l 1 8 9 2 ........... 1 1,025,500! 50,805,863




Week.

$62,057 $10,851,785
867,631 11,861.812
6,379,644
9,239

$10,303
99,041
3,409
446,190
163,791
289,335
28,495

94,531
150

$94,681 $1,040,564
85,798
2,284,884
36,230
1,322,104

City Railroad Securities—Brokers’ Quotations.
A tla n . A v e ., B ’k ly n —
C on. 5 s, g ., 1 9 3 1 ...A & O
G en . M . 5s. 1 9 0 9 ... A & O
I m p t . 5 s , g ., 1 9 3 4 ... J & J
B le e k . S t. & F u i. F .—S tk .
1 s t m o r t., 7 s, 1 9 0 0 .J & J
B ’w ay & 7 th A v e .—S to e k .
1 s t m o r t., 5s, 1 9 0 4 . J & D
2 d m o r t., 5 s, 1 9 1 4 .. J & J
B ’w a y 1 s t, 5s, g u a r.1 9 2 4
2 d 5s, in t . a s r e n t ’1.1905
C o n so l 5 s, 1 9 4 3 ....J & J
B r o o k ly n C ity —N e w s t k .
C o n so l. 5s, 1 9 4 1 . . . . J & J
B ’k ly n C ro s s t’n 5 s . 1908
B ro o k ly n T r a c tio n .............
C e n tr a l C ro s sto w n —S t k . .
1 s t m o rt., 6s, 1 9 2 2 .M & N
C en . P k . N .& E .B lv .—S tk .
C onsol. 7 s, 1 9 0 2 ....J & D
C h r is t’p ’r & 1 0 th S t.—S tk .
1 s t m o rt., 1 8 9 8 ___ A & O

B id . A s k .

B id . A sk .

D. D. E . B . & B a t’y —S t k . .
103
1 s t, g o ld , 5s, 1 9 3 2 ..J & D
S c r i p ...............................
100
98
E ig h th A v e n u e —S to c k ___
30
S c rip , 6s, 1 9 1 4 . . ..............
108
4 2 d & G r. S t. F e r .—S to c k
185 187
4 2 d S t.& M au.ifc S t.N .A v .
106
1 s t m o r t. 6s, 1 9 1 0 ..M & S
103
2 d m o r t, in c o m e 6 s . J & J
108 _____ H . W . S t. & P , F e r .—S tk .
103
1 s t m o rt., 7 s, 1 8 9 4 ..J & J
L o n g I s la n d T r a c tio n ........
109% h o
168
170
M e tro p o lita n T r a c t i o n . . . .
112% 114
N in th A v e n u e ....................
105
S eco n d A v e n u e —S to c k ...
13% 15
1 s t m o rt., 5s, 1 9 0 9 .M & N
150
S ix th A v e n u e —S to c k ........
115 120
T h ir d A v e n u e ......................
150 155
1 s t m o r t., 5s, 1 9 3 7 .. J & J
110
T w e n ty - T h ir d S t.—S to o k .
145 150
D eb . 5s, 1 9 0 3 ....................
105
....

132
105
99
250

135

10T

100

105

110

50
112

300
49

53

200
103

1434

116
139
132

102
200

14%
lie5
«
135

206
184
116% 119

182

290

100

N. T. and Brooklyn Gas Securities—Brokers’ Quotations.
G A S C O M P A N IE S .
B ro o k ly n G a s - L ig h t.........
C e n tr a l...................... .............
C o n s u m e rs ’ ( J e r s e y C ity ).
B o n d s ............... ...................
C itiz e n s ’ ( B r o o k l y n ) . . . . . .
J e r s e y C ity & H o b o k e n ..
M e tro p o lita n —B o n d s ........
M u tu a l (N . Y .......................
N a s s a u ( B r o o k ly n ) ...........
S c r ip ....................... .............
P e o p le ’s (B ro o k ly n ). . . .

B id .

A sk .

102

104

105
59
85

"62"

"60"

180
105
150

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

B o n d s, 6 s........... ................ 10Ó*'
S ta n d a rd p r e f ...... .............. 80
25

155

1ÖÖ*

B id .

P e o p le s ’ ( J e r s e y C ity ) ___ 170
M e tro p o lita n ( B r o o k ly n ) . 132
W i l l i a m s b u r g ...................... 135
105
F u lto n M u n ic ip a l............... 125
B o n d s, 6 s . . . . . . ................. 105

"7Ö*

Ask.
136
140
127
182

"so*

Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. R. Y. Harnett & Co.:
Bonds.
$4,000 City of A u stin (Texas) Sew erage Co. 1 st 6 s, 1922,
A pril, 1894, co u p o n s.............. ........................................................ $5 fo r l o t

By Messrs. Adrian H. Muller & Son :
Shares.
Bonds.
20 U n ited S tates T ru st C o... 830
$2,000 42d St. Man. & St. Nio.
1 Certifie. N. Y. P rod. E x ..$475
A v e.R R .2dM .In e.B d s,1 9 1 5 5 1 1*
10 S tan d ard Gas L ight, pref. 75
$6.000 C om stock T un. 1 st M.
6000 C om stock T unnel Co.,
Ino. 4% Bds., U n ion Tr. Co.,
$2 e a c h ................... 3c. p.sh.
a s s e n te d ............. .................... 4 %
$2,000 Rico A spen Consoli
d ated Min’g C o.$l 10 p.sh.

g a t ih iu Q

S

a m u e l

a n d

D .

D

^ f in a n c ia l.

&

a v is

C o .,

B A N K E R S ,
NO. 4 0 V A L L E T ,, N S W Y O R K .

Since J a n . 1

$1,686,084
6,227,096
1,659,567
671,312
23,897
36,405
486,933
38,160
84,388

S in c e J a n .l.

-The reorganization committee of the New York & New
England Railroad Oo. has called the third instalment of
25 per share on preferred stock and $5 per share on com- *
mon stock, and invites depositors under the plan of reorgani
zation to pay the same on or before 21st inst., at the Man
hattan Trust Co. of New York, or the Old Colony Trust Co.
of Boston. Certificates of deposit must be presented at the
time of payment.
—The attention of investors is called to some large offerings
of bonds by Messrs. Kidder, Peabody & Co., Boston. The
prices and percentages of income are given in the advertise
ment under “new loans” in the back of this issue.
-City of Columbus, Ohio, 4J^ per cent viaduct bonds are
offered for sale by Messrs. Cushman, Fisher & Co., Boston.

Im ports.
$ ______

Week.

Of the above imports for the week in 1894 $37,510 were
American gold coin and $150 American silver coin. Of the
exports during the same time $3,101,000 were American gold
coin. ,

The following table shows the exports and imports of specie
at the port of New York for the week ending Aug. 4 and since
January 1,1894, and for the corresponding periods in 1893
and 1892:
Exports.

Im ports.

Since J a n .l .

$586,300 $19,106,495
201,000
139,100
127,601
53,297
710,161
5 ,7 4 8
36,411

E n g lis h . F i n a n c i a l M a r k e ts —P e r C a b le .

Sat.

Week.

G reat B rita in ......... .
F ra n c e .....................
G erm any...................
West In d ie s ..............
M e x ic o .....................
South A m erica....... .
All o th e r c o u n tries

The daily closing quotations for securities, &c,, at London
are reported by cable a3 follows for the week ending Aug. 10 :
L o n d o n.

Exports.

Silver.

The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
W heat..................q r s .
I lo u r , e q u a l to q r s .
M aize................... q r s .

219

THE CHRONICLE.

11, 1894. J

A u g u st

S a m u e l D . D a v is .
S

Chas.

p e n c e r

T

r a s k

B.
a

Y a n N o stra n d .
C

o

.,

BANKERS,
10 W A LL STREET,
NEW YORK*
S t a t e a n d J a m e s S t r e e t s , A lb a n y .
Bonds and Stocks Bought and Sold on Commission. Dealers in State, C ity and
Railroad Bonds. Correspondence Invited,

THE CHRONICLE.

220

J f c g f e m ’ (fà ïtz z iïz .

S & e

D I V I D E N D ! 1,

N am e o f Company.

When
Per
Cent. Payable.

Boohs Closed.
(D ays inclusive.)

R a ilr o a d s .
l]
C leveland & P itts, g uar, (q u ar.).
1 % Sept,
2
Aug. 20 1
D ela. & B ound Bk. guar, (quar ).
17 to Sept. 2
Sept. I,
F o rt W ayne & Jack so n , p r e f __
11 to Aug. 31
3
Sept.
1
N o rth C aro lin a.............................
21« Sept.
1
St. P a u l & D ulutb, p re f................
M is c e lla n e o u s .
2
Sept.
1
A dam s E x p ress ( q u a r ).................
Aug. 20*
E rie Teleg. & Telep. (q u ar.)........
1
2
Jo u rn e a y & B urnham , com ____
Sept. 1
to
2
Oct.
1
do
do
pref. (quar.)
* E rroneously re p o rte d in ou r la s t Issue as pay ab le A u g u st 14.
W A L L S T R E E T , F R ID A Y , AUGUST 1 0 , 1 8 9 4 - 5 P . M.

The Money M arket and Financial Situation.—Increased
activity is noticeable in Wall Street as the week draws to a
close. This is due in part to reports of some progress with
the tariff bill in conference and to the belief that the matter
must soon be settled in one way or another. Confidence has
been stimulated also by the very light shipments of gold and
by foreign buying of stocks to a moderate extent.
I t is one of the anomalies of the stock market that a wave
of animation comes just at this time when the reports of
great damage to the corn crop are confirmed, and when
the report of the expert on Atchison’s accounts is made public
without being met by any substantial denial of the charges of an
Over-statement of the company’s income. But the temper of
the Stock Exchange markets is partly to be accounted for by
A natural turn in the tide from the tone of depression that has
SO long existed. There is a feeling that with the first seven
months of the year 1894 our worst period has been passed, and
that as we are now entering upon a new crop season there is
every prospect of a gradual improvement in business if our
Congress will only permit it to come.
The income of railroad and industrial companies must re
main as the true touchstone by which to test the merits of
their respective stocks, and in this regard the termination of
the fiscal year ending June 30 marks another important per
iod. It is generally believed that we cannot have another
twelve-months as bad as the year just passed, and hence
knowing what the results have been with various companies
during that year, it is concluded that they are pretty sure to
make a better exhibit of income during the fiscal year upon
which we have now entered.
The open market rate for call loans during the week on
stock and bond collaterals has been 1 per cent, all the busi
ness being at that figure. To-day rates on call were 1 per cent.
Prime commercial paper is quoted at 3 to 3% per cent.
The Bank of England weekly statement on TLursday
showed an increase in bullion of £89,561 and the percentage
of reserve to liabilities was 66 51, against 66*13 last week; the
discount rate remains unchanged at 2 per cent. The Bank of
France shows an increase of 18,425,000 francs in gold and
a decrease of 1,250,000 francs in silver.
The New York City Clearing-House banks in their statement
of Aug. 4 showed a decrease m the reserve held of $3,465,800
and a surplus over the required reserve of $69,053,700, against
$71,903,725 the previous week.

C a p ita l..................
S u r p lu s ....... ...
L oans & disc’n ts .
C irc u la tio n . . . . .
N et d ep o sits.......
S pecie...................
L eg al te n d e rs. . . .
R e serv e h e ld .___
L eg al r e s e r v e ....

1894.
A ug. 4.

D ifferen’sfrom
Prêt», week.

1893.
A . g. 5.

1892.
A ug. 6 .

$
61,622,700
71,276,800
482,304,500
9,812,100
581.556.000
90,546,900
123,895,800
214,442,700
145.389.000

$

$
60.422.700
71.594.800
408,717,500
6,302,900
372,945,200
55.929.800
23.288.700
79,218,500
93,236,300

$
60,422,700
67,390,500
488,777,100
5,398,500
528,462,300
90,635,900
60,278,100
150,914,000
132,115,575

I n c . 670,900
Dec.
58,900
Deo. 2,463,100
Dee.
96,000
D eo.3,369,800
D ec.3,465,800
Dec. 615,775

69,053,700 D ee.2,850,025

800] 18,798,425

Foreign Exchange.—Owing to a light demand for foreign
exchange, and some drawing of bills against future shipments
of cotton, the market has been easy, and prices have declined
slightly. Shipments of gold amount to only $500,100.
To-day’s actual rates of exchange were as follows: Bankers,
sixty days sterling, 4 86%@4 87; demand, 4 87%@4 88; cables’
88@4 68%.

Posted rates of leading bankers are as follows :
A u g u st 10.

Sixty Days.

P rim e b an k ers’ sterlin g b ills on L ondon.. 4 87%®4 88 4
4 8 6 14®4 86 t«
4 86 ®4 86x4
P a ris b a n k e rs (fran cs)................................. 5 18%®5 17% 5
A m sterdam (guilders) b a n k e rs..............
41)3] fi® 40*4
F ra n k fo rt o r P r e m e n (re io tm ia rk sU > ’n k e r t
^5i4®05%




D em and.
88 1s® 4 89
16%®5 155s

4 0 3 8 ® 4 0 7 18
Ö 51«

[V o l .

L1X.

The following were the rates of domestic exchange on h ew
York at the under-mentioned cities to-day: Savannah, buying
par, selling % premium; Charleston, buying par, selling y9
premium; New Orleans, bank 50c. premium ; commer
cial par ; Chicago, 25c. per $1,000 discount; St. Louis, 20c.
per $1,000 premium.
U nited States Bonds.—Government bonds have been quiet
with prices steady. Sales have been made of $10,000 coupon
5s at 118 and $10,000 registered 5s at same price.
Intere» ■ Aug.
Periodi
4.

Aug.
6.

A ug.
7.

Aug.
8.

A ug.
9.

A ug.
10 .

2 s,
. ..r e s . Q.-Moh * 96 * 96 * 96 * 96 * 96 * 96
4s, 1 9 0 7 . . . . ....r e s . Ö .- J a n . *11358 *1131« "11358 *11358 *1135f, *113%
4s, 190 7 ....... ..coup. Q .- J a n . * H 4 ig *114 *114 *114 *114 *114
5s, 1904....... ...r e g . Q ,-F eb. *1171« *1171« *1171« "1171« 118 *1171«
5s, 1904......... .coup, Q ,-F eb. 118 *1171« *1171« *1171« *1171« *1171«
6 s, o u r’cy,’95.li— reg. J . & J. *10 1 *10 1 *10 1 *10 1 *101 *10 1
68, o u r’oy,’96, ....r e g . J . & J. *104 *104 *104 *104 *104 *104
6 s, o u r’cy,’97, ....r e g . J . & J . *107 *107 *107 *107 *107 *107
6 s, ou r’ey,’98, .— reg. J . & J. *109 *109 *109 *109 *109 *109
6 s, o u r’cy.’99, ....r e g . J . & J . *112 *112 *112 *112 *112 *112
4s, (Cher.)’96- 99.reg. M arcb. *03-5)41*03-5)4 *100 *03-5)4 *03-5)4 *03-5)4
*T hisis th e n r ic e b id a t t h e m o rn in g b o a r d : n o sale w a s m ade.

United States Sub-Treasury*—The following table shows
receipts and payments at the Sub-Treasury.
Date.

Receipts.

P aym ents.

Ang. 4
“
6
«
7
“
8
“
9
“ 10

$
2,982,255
2,178,652
3,523,997
2,686,346
2,031,047
1,765,867

$
2,381,345
2,637,363
3,v30,585
1,695,752
1,980,023
1,915,081

T o ta l

15,168,164

13,840,149

Coin.
$
73,965,084
73,468,386
74,475,046
75,413,181
75,42’ ,666
75,468,032

B alances.
Coin Oert’s. C urrency.
$
2,084,578
1,941,500
1,917,917
2,110,417
2,217,798
2,126,422

$
62,737,700
62,918,766
62,229,101
62,089,059
62,018,21T
61,920,014

Coins.—Following are the current quotations in gold for
coint:
S overeigns.____ .$4 87
N apoleons............ 3 88
X X R eich m aik s 4 80
25 P e s e t a s ....... 4 80
Span. Doubloons. 15 55
Mex. D oubloons.15 55
F in e gold b a rs . . . . p a r

®$4 91
® 3 95
® 4 90
® 4 90
®15 75
®15 75
® % prem .

F in e silv er b a rs.
F ive f r a n c s ......
M exican dollars.
Do uncom ’cial.
P eru v ian so ls.. . .
E nglish s ilv e r ...
U.S. tra d e dollars

— 62V ® — 631«
90 ® — 95
— 50%® — 52
® — —
— 50%® — 52
4 80 ® 4 90
65
— 55 ®

State and R ailroad Bonds.—Sales of State bonds at the
Board include $10,000 Virginia 6s d. t. r., stamped, at 7% ;
$92,000 do 2-3s of ’91 at 58% to 58%; $1,C00 Alabama cur. fd.
4s at 92 and $1,000 Louisiana con. 4s, new, at 95.
Railroad bonds have developed increased activity, with
prices tending upward. Atchisons have sold freely during
the week, the 4s closing at 71%, against 70% last week, the
class A at 22 against 21%, and these prices show the
estimate of the public as to the future prospects of the com
pany since the “ over-statements” are now known. The
Northern Pacific issues have been fairly active and generally
stronger, consol. 5s closing at 26%, against 23%, first coupon
at 109, against 109%, second coupon at 77%, against 73%,
and third coupon at 53%, against 50%. Phila. & Readings
have received some attention in consequence of the efforts by
prominent parties in Phila. to harmonize the views of differ
ent committees in order to bring forward a satisfactory plan of
rehabilitation. Prices are steady; 1st pref. incomes close at
32, 3d do at 17% and gen. 4s at 77. Richmond & West
Point Terminal issues continue relatively strong and active,
the 6s closing at 60% and coll, trust 5s at 29%. Union Pacific
issues have been strong, 1st 5s of ’96 closing at 104, do of ’9&
at 105%. Wabash 1st 5s close at 104%, against 102%; do 2ds at
68%, against 66.
R ailroad and Miscellaneous Stocks.—In the stock m arket
the industrials have been relatively less active than during
several weeks past and railroad stocks have been more prom
inent. American Sugar was a leader, but with narrow fluc
tuations, though the recent adv. nee is well held, the price
closing at 106%, Chicago Gas has received less attention than
usual, with only slight variation in price, and closes at 74%.
Unusual activity in railroad stocks has made up for losses in
other directions, and although crop reports from the West
point to light freight traffic on some of the corn-carrying roads
during the coming season (which has induced free selling of
granger shares), the hopeful features of the situation have
proved strongest, and prices are generally higher than last
week. C. B. & Q. shares have been notably active, closing at
71%, against 72% last week, as corn makes a large freight
item on this road. St. Paul is one of the strongest
i closes
at 59%, against 58%. Rock Island closes at 64%, against
64. Louisville & Nashville has advanced sharply on home
and foreign buying and closes at 50%, against 47% last week»
General Electric has been a feature, advancing to 39 on good
buying and closing at 38%. Distilling & C. F. closes at 19, with
the news that some of the distilleries are shutting-down for
awhile. Among the unlisted, National Lead has come to the
front and has been purchased freely at rising prices, closing
at 42%, against 39 last Friday. Am. Tobacco is also more
active, closing at 92. The new Southern Railway securities.
“ when issued” close at 12 for common stock, 36% for pre
ferred and 80% for the 5 per cent bonds.

THE CHRONICLE

A ugust 11, 1894.]

221

NEW YORK STOCK EXCHANGE—ACZTFi? 8 T 0 0 K S fo r week ending AUGfUST 10, and since JAN. 1, 1894.
H IG H E S T AND LOW EST PR IC E S.
S a tu rd a y ,
Aug. 4.

M onday,
Aug. 6 .

T uesday,
Aug. 7.

W ednesday, T h u rsd ay ,
Aug. 8 .
Aug. 9.

F rid a y ,
Aug. 10.

STOCKS.

_
5

Sales of
th e
Week,
Shares.

R ange fo r y e a r 1894.
Lowest.

H ig h e s t

A c tiv e R K , S to c k s .
4%
4*8
4
4%
3%
4
4% 438
3%
4
7,418
4%
A tchison T opeka & S a n ta F e .
3 J u ly 23 16 M ar. 14
*%
%
* % .........
% Ja n . 2
__
A tlan tic & P aoifle.....................
1 % M ar. 28
70
71 ia 72
72
73
7 2 ^ 72% *72
73
73% 12. 73% B altim ore * O h io ....... .............
850 67 Ja n . 2 81% Apr. 6
*63
641a *63
64% *63% 64% *64% 65% *66 % .........
67% 68 C anadian Paoifle.............. .......
62% Ju n e 11 73% Ja n . 18
49% 49% 49% 49
49
49% 49% 50 • 50
49%
1,257 47 Ja n . 3 52% M ar. 31
,5 0 %
C anada S o u th e rn .....................
108 108
109 109
108 109% 109% 109% 1 1 0 1 1 0 %
1,111 104 M ay 31 117% M ar. 8
C entral of New J e r s e y ...........
17
17
17
17% 17% 17% 17% 18
18% 19
4,832 16 M ay 21 20% A pr. 7
, 18% 18% C hesapeake & O h io ..................
*140 142
140 142 *140 142
142 142
140 142
50 130 Feb. 12 142 J u ly 5
128 142 Chicago & A lto n .......................
723s 73
70% 72% 70
71% 70
71% 713a 72% 71 % 71% Chicago B u rlin g to n & Quincy 91,190 70 Aug. 7 84% M ar. 21
52 J u n e 1 55 Feb. 27
Chicago & E a s te rn Illin o is ...
Do
p re f.
93 M ay 23 97 Ja n . 18
58% 5938 58% 59% 58% 593s 59% 60% 60
60% 59% 60% Chicago M ilwaukee & St. P au l 87,939 54% Ja n . 3 65% A pr. 6
117% U S
116% 116% 118% 118% 117% 118% 118% 118%
118 118
295
116
Ja n .
Do
p re f.
123% M ar. 13
103% 104
102% 104
103% 104
103% 104% 104% 104% 104% 104% Chicago & N o rth w e ste rn .......
5,239 97 Ja n .
110% J u n e 7
‘142 142ig 142 142
140% 142% *140% 142% 142% 142% 140% 142%
250
135% Ja n .
Do
p re f.
145 Apr. 9
64% 64% 63
64% 62% 63% 63% 64% 64% 64% 63% 64% Chicago Rock Isla n d & Pacific 25,612 61% Ja n .
72% Apr. 7
34% 35
353s 353s *34
35% 33% 33% 35% 35% 35% 35% Chicago St. P a u l M inn. <fc Om.
750 32% Ja n .
41% A pr. 7
*112 114
112 114
113 113
112 114
112% 114
112 114
150 109% Ja n .
Do
p
re
f.
116
Apr. 16
36
36ig 36*4 37% 35% 35% *36
36% 36% 36% 37% 37% Cleve. Cincin. Chic. & St. L ...
2,124 31 Ja n . 10 41% M ar. 19
*a 0
82
*80
85
78
Ja
n
.
18
Do
p
re
f.
88
M
ay 12
1638 17
17
17
17
17% 1738 17% 18
18% 17% 17% Colum bus H ocking Val. & Toi
2,500 15% J u ly 11 20% M ar. 31
*55
65
*55
65
*55
65
*55
65
*55
*55
65
65
57%
M
ay
23
Do
p
re
f.
66
J
a
n . 12
1341g 134ig '133 134% 134 134
13438 13438 134% 134% 134% 135 D elaw are & H u d s o n ................
1,204 126% J u ly 9 144% Apr. 7
163 164% 164 164
1643s 166
165 166% 166% 166% 165% 166 D elaw are L ackaw anna& W est 4,800 158 M ay 21 170% Ja n . 16
10% 10% D enver & Rio G r a n d e .............
9%
9% 10
10
9% 9%
800
9% Aug. 7 11% A pr. 16
27% 27% 28% 29
29
29% 29% 29% 29% 30% 30% 30%
4,160 24 J u n e 22 34% A pr. 11
Do
p re f.
*8
9%
9%
9%
9% 9%
10
10 E.T.Va.<feGa.,cert. a ll ass’tp d .
9%
9%
9% 10
1,410
||% J a n . 19 10 Aug. 9
*13
16
14% 14% *15
16% *15
*16
17 Do 1 st pref., cert, all ass’t pd.
16
*15
16
100 11% J u n e 23 14% Aug. 6
* 10 % 1 1
11
11
12 Do 2d pref., cert, all ass’t pd.
*11
12
*11
12
14% 14% *11
628
4% M ar. 28 11 Aug. 6
51
51
*......... 51
r......... 51 E van sv ille & T erre H a u te ___
51
......... 51
51 J u ly 17 68 A pr. 20
*99% 102
*99% 102
*99% 102 *ib'Ó% 103
101 104 G reat N o rth ern , p r e f .............
100 Ja n . 4 106 Apr. 9
91
91% 91% 91% 91% 91% 91% 91% x91
90% 90% Illinois C e n tra l.........................
91
977 89 J u ly 9 95 M ar. 29
*9
9%
*9
9%
9
9
8 % 9 Iow a C e n tral.............. ...............
8%
8%
743
*8 % 9
6 Ja n . 2 11% Apr. 3
*31
33
32% 32% *32
34
*31
32%
*31
32% 31
31
102 23% Ja n . 4 39% Apr, 9
Do
p ref.
*15% 1638 15% 15% *15% 16% *15% 16% 16% 16% 15% 15% Lake E rie & W e s te rn ..............
640 13% Ja n . 12 17% M ar. 30
*64% 65
*64% 65
*64% 65
*64% 65%
65
65
65
65
450 63 Ja n . 3 70 M ar. 31
Do
p re f.
129% 130% 129% 1303s 129% 129% 129% 1303s 130 130
130% 130 ig Lake Shore & Mich. Southern
2,102 118% Ja n , 3 133% J u n e 20
* 86 % 89
87
87
*86 % 89
*8 6 % 89 Long I s l a n d . . . . . . .....................
*86 % 89
*86 % 89
15 87 M ay 22 100 Ja n . 2
47% 48% 47% 48% 47% 48% 49
50
50% 52% 50% 51% Louisville & N ash v ille ............ 38,598 40% J a n . 12 52% M ar. 31
*7
8
7% 7%
B
S
8
8 Louisv. New Alb. & Chicago.
8%
8%
*7
8
432
6 J u n e 5 10 Ja n . 22
*23
26
25% 26% 26% 26% *23
26
26
26
26% *23
500 19 J u ly 9 40 Ja n . 6
Do
p ref.
*1
*1
*1
*1 . . . .
*1 . . .
*1 . . .
1,300
1% Feb. 7
L
ouisville
St.
Louis
&
T
ex
as.
1% Apr. 2
*113% 11436 114 115
114% 114% 114% 114% 115% 116% 116 116 M a n h attan E levated, consol..
1.215 111% J u ly 31 127% Apr. 26
*94
96
*94
95% '9 4
*94
95
96
96 M ichigan C e n tral......... ...........
96
*94
96
20 94 J u ly 23 100% Feb.
*4
5%
5%
5%
*4
5%
*4% 5% M inneapolis & St. L., tr. reots.
*4% 5%
*4% 5%
100
3% J u ly 25 13% Apr.
* 20 % 22
20% 21
*20
21% *20
22
20% 20% *2 0 % 22
300 15% Ju ly 20 38% Apr.
Do
pref. .tr. reo ts.
* 12% 13
*12% 13
13
13
13% 14
14% 14% 14% 14% M issouri K ansas * T e x a s__
550 12 J u n e 23 16% Apr.
*20
21 %
21
21 %
21% 213s 21% 21 % 22
2 2 % '21% 22%
3,415 18% J u n e 25 27% Apr.
Do
p re f.
25% 26% 25% 27% 26% 27
26% 27% 27% 28
27% 27% Missouri P a c ific ....................... 20,602 18% Ja n . 5 32% Apr.
19
19
19
19
19% 20
*20
21% Mobile & O hio............................
20
2 1 % 21
21
1.215 15% J a n . 3 22 M ay 15
*63
75
70 J a n . 19 74 Apr. 18
Nashv. Chattanooga& St.L ouis
97
97
97
973s 97% 98
97% 98% 98% 98% 99% 99% New York C en tral & H udson.
5,764 95% M ay 24 101% M ar. 30
*12% 14% *12% 14% '1 3
14% *12% 15
*13
15 New York Chicago & St. Louis
*13
15
13% M ay 22 16% Apr. 9
*62
68
*62
68
*62
68
*62
68
'6 2
68
*62
63
62 J u ly 31 75% Feb. 3
Do
1 s t pref
*24% 26% *24% 26% *25
28
*25
28
*25
28
*25
28
25 J u ly 31 34% Apr. 2
Do
2d
p
re
f.
*13% ...
14% 14% *13% 14
14% 14% 14% 14% *14% 14% New York L ake E rie & W est’n
705 11% Ju n e 25 18% Mar. 28
29
29
28% 28%
*28 .....
275 25% M ay 21 39% Mar. 27
Do
p
re
f.
*13% 14
*13% 13% *13% 14% *13% 14
15% N.Y.& N .E., tr. rec s.2 d in s.p d
13% 13% 14
2,089 ||3% May 19 15% Aug. 10
*181 183
181% 181% *180 183
Ì8 0 183 New York New H a v e n & H a rt
180 183
180 183
50 178 J u ly 11 195 Mar. 15
5% M ay 24
6 A pr. 26
.New York & N orthern, p re f..
14% 15
15
15
15
15% 15% 15% 16% 16% 16% 16% New York O n tario & W estern
3,835 14 J u n e 25 17% Apr. »
14% 14% 14% 14% *14% 15
14% 15
15% 15% 15% 15% New Y ork 8 usq..& W est.,new
1,195 13% J u ly 7 16% M ar. 14
'4 0 % 41
*40
42
41
41% 40% 40% 40% 41
40% 41%
Do
p ref
1,670 36 M ay 21 46% Mar. 5
*3% 4%
4% 4%
4% 4%
5% 5%
5% 5%
1,693
5%
5% N o rfo lk * W estern ................
4 J u ly 3 7% A pr. 3
*19% 20
20
20% *2038 20 % *20% 21% *21% 22% *21% 22%
Do
pref
400 17% Ja n . 19 26 A pr. 9
3% 3%
*3% 3%
'3 %
3%
3% 3%
3% 3%
‘3% 4 N orthern P acific......................
420
6 % M ar. 20
3% J u n e 22
*13
14
13% 14% 14% 14% 14% 15% 15% 15% 14% 15
Do
pref
5,186 12% M ay 21 23% Mar. 30
*15
40
*15
40
*10
16
12
17
14% 15% 14
2,300 12 Aug. 8 17 Aug. 8
14% Ohio S o u th e rn .........................
*15
20
*15
20
*15
20
15
20 Oregon R’y & N avigation Co
*15
20
17% 17
133 10 J u n e 20 30 Mar. 7
*3% 4%
*3% 4%
*3% 4%
4%
4% Oregon Sh. Line & U tah N orth
*3% 4%
*3% 4%
200
4% Ja n . 2 10% Apr. 6
*2
3 r.........
3
*2
3
2%
2%
3%
3% Peoria D ecatur & E vansville
2% 3%
1,010
2% Aug. 2
5% Mar. 31
18
18% 17% 18% 17% 18
17% 18% 18% 18% 18% 18% P h ila d e lp h ia * R ead in g ....... . 14,208 14% May 21 23% Mar. 14
*11
12
11% 11% 11% 11% 11% 11% *11% 12
11% 11% P ittsb u rg Cinn. Chic. & St. L
550 10% J u ly 12 15% Apr. 6
*42
45
*42
45
41% 41% *42
*42% 45
45
45
5 42 Ju ly 20 53 Apr. 7
Do
p ref
14% 15% 15% 15% 15% 15% 15% 16
16% 16% 16% R.&W. P. T er.,tr. r .5 th a s s tp d 36,169 || 2 Ja u . 15 16% Aug. 9
*18
19
18% 18% 19
19
20
19
19%
19% 20
1,500 12% Feb. 7 20 Aug. 10
Do
pref. tr . reots
Rio G ran d e W estern..............
15 Feb. 1 15 Feb. 1
Do
p re f
3% 3%
*3
3%
*3% 4
4
4
4
4 St. L ouis S o u th w este rn ...........
4
4%
1,210
3 Ju ly
5% A pr. 5
7
7
7% 8 %
8
8%
8%
9
9
8%
8% 9
4,060
7 J u ly
11 Apr. 5
Do
p ref.
*22
27
*23
27
‘23
27
*23
27
*23
27 St. P a u l & D u lu th .............. .
‘23
27
A pr. 23
22% Ja n .
27
*85
95
95
95
95
*85
95
*82% 95
95
*85
3 88 Ja n .
Do
p re f.
95 Mar. 29
*101 104% 10 1 10 1
103 103 >101 104% LOI 104% *101 1 0 1 % St. P a u l Minn. & M a n ito b a ...
110 100 Ja n .
107 M ay 5
17% 17% 17% 17% 17% 18
17% 18
18% 18% 18% Southern Pacific Co................ .
18
2,200 17% Ju ly
25 M ar. 14
*8 % 9
8% 9
8%
8
9
9%
9%
9%
9%
3,568
7 Ja n .
9% Texas & Pacific.........................
10% Apr. 5
*4
4%
4%
4%
*4
*4%
4% Toledo A nn A rbor * N. M ich.
*4% 4%
100
3 Aug.
11% Apr. 3
*34
35
*34
35
34% 34% *33
*34% 37 Toledo * Ohio C e n tra l.............
35
*34i 37
100 34 J u ly
38 Ja n . 30
*69
75
*69
75
*69
75
*69
75
*68
75
*69
75
75 Jan.
75 J a n . 2
Do
p re f.
8%
8%
8
8%
8%
8%
8%
8%
9% 1 0 % Union P aeiflo............................
9%
9%
J u ly
6,898
2 2 % Mar. 31
*2
3
*2 % 3
*2 % 3%
3
3%
3%
3% Union Pacific D enver * G ulf.
500
3 Aug.
6 % Mar. 29
6%
6%
6% 6%
6%
7%
*6 % 7%
7
6% 7
7
W a b a s h .....................................
1,718
5% Ju ly
8 % Apr. 6
14
14
14% 14% 14% 15% 15
15% 15% 15% 15
15%
4,679 1 2 % Ja n .
Do
p ref
18% Apr. 9
9% 10% 10% 10%l 1 0 % 10 % 1 0 % 1 0 % 1 0 % 1 0 % 1 0 % 1 0 % W heeling & L ake E rie ......... .
1,295
9 Ju ly
13% Apr. 6
36% 39% 38% 40 I 3 J% 40% 39% 40% 40% 41
40% 40%
2,260 32% J u ly
51% Apr. 2
Do
p ref
*1 % 2 % *1 % 2 % ‘ 1 % 2 % *1 % 2 %
2%
2 % W isconsin C e n tral C om pany
2 % *1 %
8 % Apr. 2
25
1% J u ly
m is c e lla n e o u s S to c k s ,
*26% 27% 27% 27% 27% 27% 27% 29
29
30% 29% 29% A m erican C otton Oil Co.........
3,771 26% Mar. 2 32% M ar. 30
*69% 71
*69% 71
70% 71
72% 72% 73
71
72% 72%
760 63 Ja n . 2 76 M ay 3
Do
p re f.
104% 106% 104% 10 i
105 107% 104% 10.»% 105% 107
105% 106% A m erican S u g ar Refining Co. 206,355 75% Feb. 1 109% May 4
95% 95% 95% 95% 95% 95% 95
95% 9 >% 96% 96% 96%
2,560 79% Ja n . 2 97% May 5
Do u
p ref.
88 % 89
88 % 89%
89
89% 89% 91
91% 92% 92
92 A m erican Tobacco Co.............
9,027 69% Ja n . 2 94% Apr. 12
*103 105
103 105
104% 105
103% 104% 105 105 *103 105
313 91% Feb. 16 105 J u u e 2 5
Do
p re f.
73% 74% 73% 74% 73% 75
74% 75% 74% 75% 73% 75 Chicago Gas Co., tr u s t reo’t s . . 40,395 58% Ja n . 3 60 J u n e 25
*6 % 7%
6 % 6 % *6 % 7% *6 % 7% *6 % 7% *6 % 7% Colorado Coal & Iron D evel..
10
5 J u n e 26 13% Apr. 4
* ......... 25
25
as *
a s Colorado Fuel v I ro n ..............
25
21 Ja n . 3 27% Apr. 4
119% 119% 120 " 120
12 0 % 120 % 122 122
12 u% 12 1
1 2 1 % 1 2 1 % C onsolidated G as C om pany..
1,336 I l l J u ly 30 140 Apr. 20
18% 19% 18% 19% 17% 19
18% 18% 18% 19
17% 18% D istilling * C attle F eeding Co 42, ¿30 17% Aug. 10 30% Fèb. 6
36% 37
36 % 36% 36% 37
36% 37
37
38
37% 39 G eneral E lectric Co.................. 16.476 30% J a n . 3 4 5 % Mar. 8
39
39% 39% 39% 39% 40% 39% 41
41
42
41% 42% N ational Lead Co..................... 26,426 22 Ja n . 2 42% Apr. 3 0
84% 84% 84
84% 84% 84% 84% 85% 85% 86
86
86%
3,7- 9 68 Ja n . 2 8 8 % Apr. 30
Do
p ref.
3%
3%
3% 3%
3%
3%
3%
3%
3%
3%
3%
3% N orth A m erican Co.............. ..
5% Mar. 17
585
2 % J une 25
12
12
13% 13% 13
13
13% 13% *13% 15
*13% 15 O regon im provem ent Co____
215 11% Aug. 1 17% Apr. 2
*14% 15% ‘ 14% 15% 14% 14% 15
15
*14% 15
*14% 15% Pacific Mail. . . . . . . . . . . . . . . . .
19
Ja n . 30
100
15
13%
May
* ......... 80 ‘ ......... 80
♦SO
80 *
80
"80
79 Ja n . 15 90% J u n e 9
Pipe Line C ertificates.............
158 158
157 158
157 157% 157 157% 156% 156% 157 157 Pullm an Palace Car Com pany
1,427 152 J u ly 9 174 Apr. 13
64 Apr. 26 67 Ja n . 20
Silver BulLiou C e rtific a te s....
17
17% 17% 18
18% 18% *18% 19
18% 18% 18
18 Tennessee Coal * I r o n . . . . . . . .
2,290 14% Ja n . 3 20% Mar. 6
62 % May 2 71 Apr. 2
Do
p ref.
21 % 22
21% 22% 2 Î% 2 1 % 2 1 % 2 1 % 2 1 % 22
2 2 % U nited S tates Cordage Co___
22
5,736 15 % May 19 23% Ju n e 18
32
32
36
36
*30
37
*32
36
35
35
37
*33
41 33 May 18 41 J u n e 19
Do
p re f.
36
36
*35
38
'35
37
36
36
*34
37
*34
37 H utted S tates R ubber Co.......
200 33% May 22 43 Apr. 5
85% 85% 65% » 6 % 86
8 6 % 86 % 87%
87% 88 % 88
88 % W estern Unii>n T eleg rap h .. . . 27,861 80% Ja n . 3 88 -a Aug. $
T hese are bid aud aaced: n o sa le m ade.




II Old certificai»».

1 2 d assess m eu t paid.

THE CHRONICLE,

222

NEW YORK STOCK EXCHANGE PRICES (Continued)—IN AC TIVE STOOKS.

..

A ug. 10 .

I n active Stocks .
If In d ic a te s u n listed .

B id.

R a i l r o a d S to c k s .

Ask.

167

6

28
4
13

(X Indicates actual salesJ
Ask.

Bid.

St. Louis A lton & T er. H a u te ...100 29
P r e f e r r e d ......... .................. ....1 0 0 168
Î 12
S outhern B y.—w hen issuedif
Í 35%
P re fe rre d
do
do if
Toledo P eo ria & W estern .......... 100
1
Toledo St. L. & K an sas C ity If..
M is c e lla n e o u s S to c k s .
A dam s E x p re s s............................ 100 Î149
47
A m erican B a n k N ote Co If___
A m erican E x p re s s .......................100 110
90
A m er. T elegraph & C able......... 100
3
B runsw ick C om pany.................. 100
Chic. Juno. B y. & S tock Y a rd s .100
P re fe rre d ............................... ...1 0 0
Colorado F u el & Iro n , p re f....... 100
Colum bus & H ocking C o a l....... 100 Í 744
Com m ercial C able............. . . ....1 0 0 125
Consol. Coal of M a r y la n d ......1 0 0 27%
E dison E le ctric Illu m in a tin g ... 100 97%
In te rio r C onduit & In s. C o ....... 100
L aclede G a s.................................1 0 0 Í 18
P re fe rre d .....................................100 68
L ehigh & W ilkesbarre Coal f [ .........
M aryland Coal, p r e f.................... 100 40
M ichigan-P eninsular C ar C o.. .100
P re fe rre d .......................
100
M innesota I ro n ............................ 100
17%
N ational L inseed Oil Co....... .'..1 0 0
6
N ational S tarch Mfg. Co....... ..1 0 0
6
New C en tral Coal.........................100
7%
O ntario S ilver M ining.................100
P e n n sy lv a n ia C o a l . . . . . ............. 50 300
50
P o stal T elegraph—Cable If..............
2%
Q uicksilver M in in g ...................100
P re fe rre d .........................
100 12
T exas P acific L an d T ru s t......... 100
U. S. E x p re s s ................................ 100 50
U. S. L eath er p re fe rre d II................ Î 59
U. S. B ubber p re fe rre d ...............100 f 91
W ells, F argo E x p r e s s ................ 100 113

176 Apr.
135 M ar.
100 Ju n e
17 Feb.
24% Apr.
61 A pr.
52 A pr.
17 M ar.
1541s May
7% Ju n e
33 J u ly
8 Apr.
19 A pr.
16% Apr.
45 M ar.

P re fe rre d ..................... .. . - -— JOO
4
G eorgia Pacific T ru s t ctfsff-----100
3%
7% M ar.
G r. Bay Win. & St. P . tr. re o -----100
P re fe rre d t r u s t r e c ts ...............100 1 6
3% Apr.
H o u sto n & T ex as C e n tra l..........100
92 J u ly
Illin o is C en tral leased lin e s-----100
8%
9% A pr.
K an aw h a & M ichigan.................100
K eokuk & D es M oines................ 100
13 j u n e
P re fe rre d ....................
100 13
14%
22 A pr.
Jj, I. T ractio n IT— ....... . -..............
6 Feb.
Louisv. E v an sv . & St. L. C ons. 100
P re fe rre d .................................... 100
H aho n in g Coal---------------------- 50 93
107 M ar.
P re fe rre d ................................. 50
120 May
M etro p o litan T ractionH ............. 100
6 i 8 Feb.
8 % A pr.
M exican C en tral...........................100 ....... .........
M exican N atio n al........................ 100
157 " M ay
M orris & E s s e x . . . . . . ...........
50
114% Ju n e
70
N. Y. L ack. & W e s te rn .............. 100 60
51 Ja n .
N orfolk & S o u th ern .....................100
59ia A pr.
3
6 J u ly
2ia Aug.
5%
P eo ria & E a s te rn ......................... 100
L49 J an. 154 M ay
P itts . F t. W ayne & C hicago— 100 150
20 J u ly 29% Apr.
50 Î 2 1 %
P itts. & W estern p f ..................
180 Apr.
R en sselaer & S a r a t o g a ............100 177 182
114 Ju ly
Borne W at. & O g d en sb u rg h— 100 |1 1 3
* No p rice F r id a y ; la te s t p rice th is w eek.
t A c tu a l sales.

B ange (sales) in 18b 4 .

A ug 10 .

I nactive Stocks .
If In d ic a te s u n listed .

Highest.

166 July
135 M ar.
100 Ju n e
10 Ju ly
20 J a n .
23
61 A pr.
62
50ia Feb.
10% Ju n e
147 Ja n .
5% Ja n .
7
14 Ja n .
40
5%
4ia J u ly
15 Ja n .
17
14 A pr.
44ia Apr.
5%
4
3 78 Äug.
15
2ia Ja n .
86ia Ja n .
71e Ju n e
9%
5
12 j a n .
14 78 12ia J u n e
5 Feb.

49%
Î 13%
148%

D es M oines & P o rt D o d g e....

Low est.

175

100
It 1 1 %

P re ferred .

Bange (sales) i n 1894.

LIX,

[Y o l .

Highest..

Lowest.

20
150
1 2 % 12
36% 34%
15
2
3

33
175

49

112

91%
4

35 A pr.
Ja n .
M ar. 167% J u n e
Aug. 12% Aug..
Aug. 36% A ug.
A pr. 17 Apr.
2 M ar
M ar.

148

M ay 154% J a n .

108
85
3
90

j u l y 116
90%
Feb.
5
Ju n e
Aug. 97%

A p r.
Aug;.
M ar ¡
A pr

70 A p r
50 J a n .
9% A p r
4% J a n .
140 M ar. 150 J u l y
31 M ar.
28 Ja u ,
33
98% 93 Feb. 104 A p r
36 A pr. 55% Ma y
55
18% A prf
15 Ja u .
73 A p r
59 Ja u .
70
22 May 22% M ay
. .. .
60
72

47% J u n e 5 9 7s Feb52 M a r
45 Feb.
25 Ja n ..
16 Feb.
11 M ar
7 J u ly
8 % M ar
7 Feb.
12 M ay
6 % Ja n .
298 Feb. 315 Ju n e-

18%

10

9

10

60

. .. .

1%
15
7%
48
54
59% 52%
91% 80
118 109
2%

18

3 Feb.
Ja n .
Feb. j 17% M ar.
10% A p r.
Jan .
57 J á n .
Ja u .
J u n e 68 % A p rf
95 J u n e
Jau .
J u ly 128 J a n .

NEW YORK STOCK EXCHANGE PRICES.—-STAT# BONDS AUGUST 10.
S E C U R IT IE S .
A labam a—C lass A, 4 to 5 ........1906
C lass B , 5 s . . . ......................... 1906
C lass C, 4 s ................................ 1906
C u rren cy fu n d in g 4 s ............. 1920
A rk an sas—6 s, fu n d ,H o i.1899-1900
do. N on-H olford
7s. A rk an sas C e n tra l B B .............
L ouisiana—7 s, co n s................ . jl914
S tam p ed 4 s .............. - ............. .
New eonols. 4 s........................1914 j

B id.

Ask.

N o rth C arolina—6 s, old

........
3

150

1
110
100

94

5

1910 95
fis___ - ; ____________ ____ 1919 122
Bhode I s l a n d 97%
68, oo u .. 1 8 9 3 -1 8 9 4 ......................

BANKa!
(00s omitted.)

Capital Surplus

L oans.

Bank of New York.
M anhattan Co.........
M erchants’........ .
Mechanics’..........
America.............—
P h e n ix ...'.... . . . -C ity .......................
Tradesmen’s . . ---Chemical........... M erchants’ E xch’ge
Gallatin N ational...
Bntchers’A Drov’rs’
Mechanics’ & Trad’s
G reenw ich....
Leather Mannfac’rs
Seventh N ational...
State of New York.
American E xch’ge..
Com m erce..............
Broadway........ ........
Mercantile..______
P a c if ic ..................
Republic.__ . . . . . . . .
C h a th a m ................
People’s ....................
N orth Am erica.......
H a n o v e r .............
I r v i n g ...............
Citizens’. . . . . . . ........
N assau ..__ . . . . . . . .
M arket & F u lto n ...
Shoe & L eather.......
Corn E xchange.. . . .
Continental..............
Oriental___ _— . . . .
Im porters’ A Trad’s
P a r k . . . . . . . . . . . . .......
E ast R i v e r ..........
F ourth N atio n al....
Central N ational....
Second N atio n al....
N inth N ational.......
F irs t N atio n al......
T hird N atio n al......
N.Y. Nat. Exchange
Bowery........... .........
New York C ounty..
German-Ameriosn..
Chase N atio n al......
F ifth Avenue...... .
German E xchange..
G e rm a n ia ............
(Jnited S tates..........
Lincoln........ ......... .
G a r fie ld ..............
F ifth N a tio n a l.....
Bank of th e Metrop
W est S i d e ........ . . .
Seaboard
... . . .
S ixth N ational........
W estern N ational..
F irs t Nat., B r’klyn.
Southern National..
Nat. Union B ank....
L iberty N at. B ank,.

$
2, 000,0 1,989,
2.050.0 1.931.3
964.3
2, 000,0
2,000,0 2,060,0
3.000. 2.249.5
0
447.3
1.000.
0
1, 000,0 2.890.7
153,2
750.0
300.0 7.272.2
148.1
600.0
1, 000,0 1.602.4
265.4
300.0
410.4
400.0
168.1
200.0
631.1
600,0
112.4
300.0
498.1
1.200.0
5.000. 2.303.6
0
5.000. 3.499.2
0
1.551.8
1.000.
0
1, 000,0 1 . 100.6
470.8
422,7
926,6
1.500.0
450.0
963.5
318.2
200.0
615.4
700.0
1, 000,0 1.801.2
332.9
600.0
378.3
600,0
286,0
500.0
789.6
750.0
255.5
1 , 000,0
1 ,000,0 1,247,2
211.4
1 ,000,0
419.2
300.0
1.500.0 6.460.7
2,000,0 3.081.4
135.6
250.0
3.200.0 1.966.0
602,8
2, 000,0
572.4
300.0
369.2
750.0
500.0 7.301.0
174.7
1,000,0
139.0
300.0
551.6
250.0
656.4
200.0
302.4
750.0
500.0 1.162.8
100.0 1.029.5
604.1
200,0
602.5
200,0
514.8
500.0
510.9
800.0
637.2
200,0
200.0
311.0
719.2
800,0
294.5
200,0
225.3
500.0
342.4
200.0
238.2
2.100.0
856.6
300.0
667.7
5<>0,0
1,200,0
279.6
103.0
500.0

$
14.700.0
12.746.1
9,354,1
10.133.0
19.139.1
4.636.0
21,221,9
2,409,8
26.814.1
3.781.5
6.314.7
1.851.7
2. 120.0
1.114.0
2.998.0
1.764.7
3.242.1
21.400.0
22.295.5
5.855.4
7.845.4
1.902.3
12.347.1
5.149.6
2.281.4

5.360.6
17.480.6
2.710.0
2.586.7
1.863.4
4.787.8
3.180.0
7.606.7
4.770.2
1.810.0
22,186,0
23.885.2
1.072.4
20.639.3
8,608,0
4.087.0
3.831.1
24,391,0
8.519.2
1.336.7
2,628,0
2.856.1
2.503.3
13,284,8
5.850.4
2.554.5
2.903.2

Specie. Legats. Deposits.
2.380.0
2.428.0
1.723.0
1.398.0
1,846,
538,
6,805,
388,
6,704,799,8
1,208,8
123.3
375.0
137.4
507,3
271.7
94,0

.

2 202.0

3,073,8

1, 011,0

1.552.6
588,P
1.769.7
1,136,3
226.8
1.045.5
4.595.8
638.8
635.1
590,7
594.2
507.0
1.641.7
1.042.9
231.0
4.288.0
4.917.2
129.0
4.763.6
392.0
933.0
793.9
2.941.3
1.630.0
87.4
453.0
909.2
574.1
4.787.8
903.2
248.6
483.6
1.238.6
1.614.9
811.3
229.6
801.4

6.315.2
5,485,1
3.854.9
1.811.3
4.619.0
2.299.0
221,0
4.295.0 1.005.0
1. 688.0
270.0
10.411.4 1,893,2
4.615.0
878.0
2.216.0
133.6
8.134.6 1.147.6
264.6
1,361,5

*
5.590.0
4,435,<
2,606,6
2.361.0
6.656.3
1.786.0
5.581.4
224.1
7.278.6
669.3
1.850.7
459,9
545.0
159.5
889.8
220.0

391.0
4.957.0
5.199.6
1.107.4
2.101.5
1,<:94,4
3.621.7
1.860.6
676.0
1, 020,6

4,399,3
540.8
676.9
1.079.0
1.184.8
678.0
1.723.0
1.842.0
435.5
6.513.0
5.320.6
189.8
3.018.6
7.130.0
2.093.0
662.8
2.690.2
1.779.6
274.2
484.0
303.1
652.8
2.834.3
1 . 100.0

542.9
455.4
752.6
562.7
682,0
290.0
1.226.7
705.0
871.0
415.0
2.467.8
475.5
1,054,5
2,267,1
469.8

61,622,7 71,276,8 482,304,5 60,546,9*1238958




1894-1895 100
-Jifr.T
. 1900
1892-1898
1
1

12

New York City Bank Statement for the week ending
August 4, 1894. We omit two ciphers {00) in all cases.

T o ta l....... ...

Bid.

SECUBITIEB.

$
18.910.0
16.610.0
11,864,8
10.433.0
23.639.0
5.562.0
29.814.1
2.376.7
33.348.0
4.474.3
6.877.8
1.757.9
2.410.0
1.072.1
3.223.4
1.830.4
2.327.9
20.076.0
21,243.7
8.077.4
9.194.5
3.265.0
15,544,6
6,686,8

3.175.6
6.014.6
23.573.0
3.116.0
3.272.7
3.054.7
5,327,5
3.843.0
9.460.4
7.233.9
1.865.8
27.018.0
29.996.4
953,2
24.465.5
14.341.0
6.364.0
4.570.2
23.022.5
10.716.1
1.282.0
3.014.0
3.590.7
2.911.9
19.219.6
6.762.8
3.071.0
3.638.5
6.706.8
6.677.6
4,948,4
1.974.0
6.004.7
2.747.0
5.560.0
1.717.0
12.451.6
4.844.0
2.607.3
10.105.2
1.680.1

A sk,

Bid.

SECUBITIEB.

Ask.

South C arolina—4%s, 20-40. .1933 100
1
.1888
T ennessee —6 s, o ld .. . . . . 1892-1898
6 s. n ew b o n d s ......... 1892-8-1900
.1914
5
5
Com prom ise, 3-4-5-6s......... .1912
3 s .............................................. .1913
V irginia fu n d ed d eb t, 2-3s.. .1991 58
7
6 s, d eferred t ’s t reo’ts, sta m p e d .
.........

.......

3

.7 9
58%»
8

New fork City, Boston and Philadelphia Banks :
Capital
Ba n k s . Surplus. Loans. Specie. Legats. Deposits, t Cire’Vn Clearing».
9
$
N. Y o rk .*
$
$
$
$
Ju ly 7---- 133,768,5 483,753,5 91,223,0 1280613 583,598,3 103347 468,561,9
“ 1 4 .... 133,768,5 482,730,2 90,835,0 1304875 639,624,5 101188 448,776,7
“ 2 1 .... 133,768,5 462,642.6 91,044,8 1303440 589,100,8 9,980,6 418,740,5
“ 2 8 .... 133,768,5 481,633,6 90,642,9 1272658 584,019,1 9.871.0 387,790,4
Aug. 4 .... 132,899,5 482,304,5 90,546,9 1238958 581,556,0 9.812.1 412,455,3
B uxton.*
Ju ly 21__ 69,351,8 171.958,0 10,894,0 10,602,0 168,884,0 7.188.0 75.543.9
*• 2 8 .... 69,351.8 172,457,0 11.091,0 10,518,0 167,480,0 7.173.0 67.309.9
Aug. 4 __ 69,351,8 I73,4p0,0 11,143,0 10,324,0 169,346,0 7.103.0 70,836,8.
P h ila .*
117,633,0 5.213.0 68,448,3
Ju ly 2 l .... 35,810,3 109,457,0
37,994,0
117,626,0 5.209.0 53,180 1
“ 2 8 .... 35,810,3 109,584,0
37,523,0
117.320.0 6.119.0 57 773,6
37,422.0
Aug. 4 ...J 35,810,3 109,134,0
* We omit two ciphers in all these figures. tIncluding for Boston and P un a
delphia the item “ due to other banks.”

Miscellaneo ns and Unlisted Bonds.—Stock Ex. prices.
M is c e lla n e o u s B o n d s.
Ch, Jun.<ft S. Yds.—Col.t.g.,5s 102 %b,
Colorado Fuel—Gen. 6s........ .
Col. & Hook. Coal A I . - 6s, g. 93 a.
Consol’ii Coal—Convert. 6s.
Cons.Gas Co..Chic.—1st gu.5 s
Denv. C. Wat. Wks.—Gen.g.Ss
Det. Gas con. 1 st 5s................
E ast R iver Gas 1st g. 5s........
Edison Elec. 111. Co.—1st 5s . 107 b.
Equitable G. A F.—1st 6s__
Henderson Bridge—1st g. 6s.
Hoboken Land A Im p.—g. 5s
Mich.-Peuin. Car 1st 5s, g .... 95 a.
M utual Union Teleg.—6 s g ..
Northwestern Telegraph—7s.
People’s Gas A C .) 1 s t g. 6s.
Co., C hicago.... ) 2d g. 6sN ote.—“ 5” indicates price bid; “ a ”

M is c e lla n e o u s B onds,
Peoria W ater Co.—6 s, g ... . .
Pleas. Valley Coal—1st g. 6s.
P rocter A Gamble—1st g. 6s 112 b.
Sunday Creek Coal 1st g 6s.. 97 b .
U. S. Cordage—1st col.g., 6s. 80 b .
U S. Leather—S. f. deb., g., 6s 109 b.
W estern Union Teleg.—« ...
Wheel. L.E AP.Ooal—1st g,5s
U n lis te d B o n d s.
Ala. A Vioks.—Consol. 5s, g.
Amer. Deb. Co. col. tr. 5s ...
4%b„
Comstock Tunnel—Ino. 4 s..
Geo. Pao—1st 6s g. c tfs........ 103 b.
2d mort. incom e.. . . . . . . . . . .
43 b .
Consol. 5s, g. otfs........
10 b .
Income 5s. c t f s ..............
Mem.ACharleston—Con. 7 g.
price asked. * L atest prioe th is w e tk

Bank Stock List.—Latest prices of bank stocks this week.
BANKS.

BicLj Ask.
200

Am. E x o h ... 150

Butohs’&Dr. 160
C e n tral...... 119
450

210

153
250

BANKS.

Bid

300
Garfield........ 400
116

Ask.
325

Germ ania.... 300
G reenw ioh.. 150
310 330
400
145
550
Chemical__ 4100 4800 Im. & Trad’s’
....... Irv in g ........ . 140 147
C ity ............ 425
Citizens’....... 135 150 Leather Mis’ 180 200
525
200
Commerce... 173 178 M anhattan.. 185% 190
Ma?ket<ft Ful 210 225
C ontinental. 120
Corn E xch.. 280 295 Mechamos’.. 175 180
M’ohs’ & T rs’ 140 165
Deposit........
170 200
1 1 th WftTd. 200
133
Mevch’ts Ex. 10*9 120
F ifth A ve.... 2000
M etrópolis.. 425 500
F ifth............. __
lfíO
j mm
F irst N., S .I. 112 125" U urray H ill
167
assau
.......
14th S tre e t.. __ __ VN -»nr
ot *
V vr>V
1
PQ
581,556,0 S ourth .......
122

BANKS.
N .Y .C o’nty
N.Y. Nat. Ex
N inth..........
19th Ward..
N. America.
O riental. . . .
Pacific........

Bid. Ask
500
110

115
125

225
170
275
People’s . . . . 266
P henix....... 115
Produce Ex. . . . . .
Republio.... 155
Seaboard... 170
S eco n d ...... 300
Seventh __ 1.20
Shoe& Le’th 107
St. Nicholas.
S o u th ern ... 165
Stateof N.Y. . . . . .
100
Third
Un’d States 175
W e s te rn ... 110

600

120

125
160
240
295

. . . . . .

125
. ....«■
165
mmmmt

.•••< .
- -•«

120

185
108
.........
.U M «
...............

THE CHRONICLE.

A ugust 11, 1894 ]

22a

BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES
Active 8tocks,

YIn d ic a te s u n listed .
A tlan tic & P ao.
B altim ore & Oh
1 st p refe rred
2d p re fe rre d
Boston & L ow ell
Boston & M aine
C entral of Mass.
P re ferred
Chio.Bnr.de Quin.
Cleve. & C an to n
P re fe r r e d ....
F itch b u rg p ref.
H unt, de B r. Top. (
P re fe rre d
Lehigh V alley

N.Y.&N.E ,tr.rec.§ “
P referred ,tr.rec.§ “

HF* S h a r e P r i c e s — n o t P e r C e n t u m P r i c e s .
S a tu rd a y ,
Aug. 4.
4
4
i .........
....................
....................
....................
14% 14%
i *206%
*190 191
i 148 148
*10
11
*46%
72% 72%
58% 59%
*11
.........
............ .
*68
32
32
50% 50%
37% 38
110 111
......
*6% 7%
*13% 14
*43
48

4%

4
*70

T u esd ay ,
Aug. 7.
3%

72

*70

72

117
14% 1434
206% 206% 206 206
*....... . 192
190 190
*147
147 147
*10% 11 *
11
*46%
70% 72% 70% 71
58% 59% 58% 59%
*11
*11

Bid.

*68

105
95%
198%
24
9
*282
*77
65%
46%
36%
64
22
51
65%

106
105% 107%
953. 95% 96
199
198 199
24
*23
23%
9
9
9
290 290
80
*77
78
65% *65% 66%
47
*46%
36%
37
37
61%
62
62
22
*21
51
51
51
65% *65
66
3
3
2%
2%
23lfi 2%
asked prices; no gale w as
Ask.

lg

4%
lg

*70

»

*-

4

115
14%
206%
191
146
*10

115
14%
206%
191
146%
11

14% 14%
206% 206%
191 191
“■146 146%
*10

70% 71% 71% 72%
59
60% 60% 60%
*11
*10%
*

68% 68 % 68%
33
50
50
37% 37%
111 *110
116% 116%
*7
Id *
14
45 *
*67
3%
3%
3%
14% 15
15%
180
179%
49% 49

*49%
37%
111
116%
*6%
*13%
*

68%
50
38
116*»

4%

104% 106%
95% 95%
199 200
23% 23%
8%
8%
x285 285
*77
79
66 % 67
47
47
36% 36%
*62
*21
51
51
6^
6«
3%
3%
23)0 2%
m ade.

Inactive stocks.

1416
44

f U n listed ,

7

14

$ A nd a ccru ed lu teresti

15%
68
4
15%
180
49%
9%
96
6
10 %

B ange of sales in 1891.

W eek,
Shares.

L ow est

106% 105% 1063« 29,303 75% Ja m 24
96% 95% 96 *# 1,353 79 Ja m 3
199
199 199
220 163 Feb. 26
24
2d% 23%
659 22 J u ly 21
9
*8% 9
465 1 7 78 J u ly 23
290 '2 8 5 290
20 265 J u n e 22
80
78
78
75 66 J a n . 18
66% 66% 66% 66%
1,647 53% J a m 3
*46% 47
46
46
42 - Feb. 2i
15
37% 37% 37% 39
3,017 30% Ja n . 3
66
68
69
70
81 56 Ja m 4
*21% 22
22
22
60 12% Ja m 2
*5(1% 51
50% 51
343 50 M ay 23
66
66
66
66
72 49 Feb. 28
7u
2% J u n e 2 '
2%
2%
980 11% Ju ly 3
i E x rig h ts .
Bid.

A sk.

H ig h est

5,462
3% Ju ly 23 16% Mar. 29
59 •50 Aug. 9
1% M ar. 14
67% Ja m 4 81 A pr. 9
125 J a n . 17 129 Apr. 1912 108 J a n . 31 119 M ay 12'
454 13% J u n e 30 17% Apr. 9
208 198 J u ly 2 212 A pr. 30
68 18278 J a n , 10 191 J u ly 19>
158 126 Ja n . 15 150 A pr. 17
10% Ju ly 24 14% M ar. 10
46 J a m 3 49 M ar. 14
15,012 70% Aug.
84% M ar. 21
17,450 54% Ja n .
65% A pr. 6>
10 J u n e
25% M ar. 13
•45 J u n e
•50 J am 3
2 Feb. 24
2% J a n . 1 3
22 6 6 % J u n e 1 81 F eb. 7
19 29% Apr. 25 35 J a m 10
85 47 M ay 7 52 J u ly 1L
1,040 36 M ay 21 42% Mar. 13
11 101 J a n . 16 114 A pr. 5
625 x96% Ja m 6 122 A pr. 12
825
5®8 J an. 2
9% A p r. 3
625 *3% M ay 19 15% A ug. 10*
124% Mar. 20 48 Aug. 366 J u ly 17 68% F eb. 23
825
3*a Ju n e 23
6% M ar. 21
1,430 12% J u n e 25 23% M ar. 31
1 170% J a m 2 180 J u n e 11
3,802 48 J an. 5 52% A pr; 7
2178 Ja m 20 28% Feb. 1
27,382
7% May 21 11% M ar. 12
3,873 t83% J u ly 2 115% A pr. 11
4% M ay 24 • 7% M ar. 5
1,831
6% J u ly 30 22% M ar. 31
48 227% Mar. 21 234 J u n e 1 9
7S J u ly 1',
2% J a n . 2 6

105%
96
198
24
*8%
*285

85% A t.T op.& S.F.100-yr.4g.,1989, J & J * 71% 72
260
2d2% -4s, g., Class A .. 1989, A&O * 21% 22
B oston U n ited Gas 1 st 5s................ 5 7 7
80
4
2d m o rt. 5 s..............................1939 5 50
50%
52
B url. & Mo. R iv er E x e n p t 6s, J & J « l i ó 116
51
N o n -e x e m p t6 s.......1 9 1 8 , J & J «104 105
52%
P la in 4 s .......................... 1910, J& J § 92
Chic. B url. & N or. 1 s t 5,1926, A&O §102 103
126%
2d m ort. 6 s.................1918, J& D §100 101
230
D eb en tu re 6 s . . . ........ 1896, J& D § 99 100
92%
Chic. B u rl.& Quincy 4 s .. 1922, F&A
14
10
96
Io w a D ivision 4 s .....1 9 1 9 , A&O
33
40
165
Chic.&W.Mich. gen. 5s, 1921, J& D
83%
Consol, of V erm ont, 5 s .1913, J & J
87
10
15
65
C u rren t R iv er, 1st, o s ..1927, A&O
50
40
D et. L ans. & N or’n M. 7 s .1907, J &J
55
65% E a ste rn 1 st m o rt 6 g.l9 0 6 ,M & S ..
65
E ree.E lk. &M. V .,lst, 6s.1933, A&O
125
67%
U nstam ped 1st, 6 s . . . . 1 9 3 3 ,A&O
123
54% 55% K.C. C.& S pring.,1 st,5g.,1925,A&O
65
K 0. F .S .& M . con. 6s, 1928, M&N
85
87
86
K.C. Mem. & B ir.,1 st,5s,1927, M&8
35
4
4% K .
C. St. J o . & C. B ., 7 s ..1907, J & J123
L. Rock & F t. 8., 1st, 7 s ..1905, J& J
90
2
4
Louis., Ev.& St.L., 1st, 6 g .l9 2 6 , A&O
72
70
2m ., 5—6 g ..................1936, A&O
90
60
M ar. H . & O ut., 6 s....... 1925, A&O
103
M exican C en tral, 4 g . ..1 9 1 1 , J& J
54
52% 52%
1 s t oonsol.incom es, 2 g, non-cum
12
78
78%
2d consol, incom es. 3s, non-cum,
.7
56
55
N. Y. & N .E ng,, 1 st, 7 s ,1905, J& J
111
14
20
1 st m ort. 6 s ........1905, J& J
107
2d m o rt. 6 s ..............1 9 0 2 , F&A
101
Ogden. & L .C .,C o m 6 s...1920,A&O
103%
In c. 6 s ............. ......................1 9 2 0
20
2
2%
25
2d, 5 s............................1 8 9 8 ,F&A
115
Bonds.—Philadelphia
17.1 7 0 1
I o n ? T i l 104%
•50
•25
102 %
8%
8%
iïi‘
58
59
6%
7
4
3%
% 1
125
87% 88%
108%
67% 68%
116% 118
2
2%
102 I.........
8%
8% jChigh N av. 4% s........... 1914, Q—J 110% 111
1
2d 6 s, gold....................1897, J& D 107% 108
1%
41
49
G en eral m o rt. 4% s, g .l9 2 4 ,Q —F 104 .........
5%
5% Æhdgh Val. Coal I s t5 s ,g .l9 3 3 ,J & J 102 102 %
jehigh V alley, 1 st 6 s.. .1898, J& D 109
........!
......... 82
2d 7 s........................... ..1 9 1 0 , M&S 133 135
19% 20
Consol. 6 ....................... 1923, J& D 121 ......
156% 157
fo rth P en n . 1 s t, 7 s ....1 8 9 6 , M&N 106 .........
87
88
G en. M. 7 s.................1 9 0 3 , J& J 1 2 3 % .........
152 153
‘en n sy lv an ia g e n . 6 s, r.-1910, V ar 130% '.........
66
66%
Consol. 6s, o
............ 1905, V ar 119 121
1
Consol. 5s, r ............ ....1 9 1 9 , V ar 114
1%
12 1 G oliat. T r. 4% g ..........1913, J* I>
51
_100«.TATV
33% cl4% 1 Pa AW V,

P ric e in cludes overdue coupons,

4%

*70 ^ 73
*125
*115
14% 14%
*206 206%
*191 191%
*146 146%
*10% 11
*46
48
71% 71%
59% 60%
*11
15
•50
*
2
*68
69
32
32
50% 50%
37% 38%
*110 112
*116% 116%

*67%
4
4
15% *14%
179% *179
49% 49%
*19
9%
9
9%*
9%6 93 j0
96*4 96% 95%
96
96%
6
6
*4
9
9%
8%
8%
9%
233 233
233 233 *233
*25a 2 7a

Bonds—Boston.

84
258

Sales
F rid a y ,
Aug. 10.

tS°
CO

Inactive Stocks.
Prices o f A ug u st 10.
A tla n ta & C h a rlo tte (B ait.). 100
B oston & P ro v id en ce (Boston). 100
Cam den & A ta n tic p f. (P hila.). 50
C a ta w issa.......................
“
50
1 st p re fe rre d .........
“
50
I d p r e f e r r e d .......
“
50
C en tral Ohio.............. (B all.). 50
C hari. Col. & A u g u sta
“
100
C o n necticut & P a s s . (Boston). 100
C o n necticut R iv e r ...
“
100
D elaw are & B ound B r .(Phila.) .100
F lin t & P e re M a rq ... (Boston). 100
P re fe r r e d ..___ ____
“
io o
H ar.P orts.M t.Joy& L . (P hila.). 50
K an. C?y F t. S. & Mem. (Boston). 100
P re fe r r e d ....................
“ 100
L ittle S c h u y lk ill..... (P hila.). 50
M aryland C e n tr a l....
(Balt.) 50
M ine H ill & S. H av en (P hila.). 50
H e s q u eh o n in g V al....
“
50
N o rth ern N. H ............ (Boston). 100
N o rth P en n sy lv a n ia . (P hila.). 50
Oregon S h o rt L in e . . . (Boston) . 100
P en n sy lv a n ia & N. W . (Phila.) 50
R u tla n d ......................... (Boston). 100
P re fe rre d ................ .
100
S eaboard & R o an o k e. (Balt.) 100
^ le t p r e f e r r e d . . . . “
100
W est E n d .. . . . . . . . .....(B o s to n ). 50
P re fe r r e d ...........
“
50
W est J e rs e y .............. (P hila.). 50
W est Je rs e y & A tlan .
“
50
W estern M a ry la n d ..
(B alt.). 50
Wiim. Col. & A u g u sta
“
100
Wllm n g t’ndfc W eldon
“
100
W isconsin C e n tr a l... (Boston). 100
P re fe r r e d ............
“
100
W orc'st.N ash.& R och.
“
io o
MISCELLANEOUS.
A llouez M in g .a sstp d (Boston). 25
A tlan tic M in in g ......
<<
25
Otty P assen g er R R ... (B alt.). 25
B ay S tate G as.............(Boston). 50
B oston L a n d ..................
“
10
C entennial M in in g ...
“
io
E leatrio T r a c tio n .... (P hila.). 50
Do
tr. rets. $30 nd . “
F o rt W ayneE ieotahcir(Boston). 25
F ra n k lin M in in g .....
••
25
F ren o h m ’n ’s B a y L ’n d
“
5
Illin o is S teel . . . . . . . .
“
100
K earsa rg e M in in g ....
“
25
M orris C anal g u ar. 4 . (Phila.). 100
P re fe rre d g u ar. 1 0 .
**
100
D seeo laM in in g ..........(Boston). 25
Pullm an P alace C a r..
“
100
Q uincy M ining, , . . , . . .
«
25
T am arac k M in in g ....
“
25
UnltedcGas Im p t.
( P h i l .) .......
W ater P o w e r ............. (Boston). 100
W e stin g .E le o .lstp .(B oston). 50
Aoapntin &
t<
501

W ednesday, T h u rsd ay ,
Aug . 8.
Aug. 9.

3% 31318 313ie

70
68% 68%
33
33
50%
50
50
38% 39
37% 38%
111 111 *110 112
117 117
116% 116%
7%
*13
14
*13
14
44 *
45
*67
*3%
3%
*3% 3%
*3% 3%
*13% 14
14
*13% 13% 14
180
180
180
48% 49
48% 49
48% 49
*19
9
9%
9%
9
8%
8%
95% 96
96
96% 96
96
6
6
8%
*7% 8%
8%
7%
8
*232 233 *23 i 233
232 232
*2% 2%
*2% 2%

P re ferred
Old C o lo n y .... (Bo
P e n n sy lv a n ia .. (P h ila .). 50
P hiladel. & E rie.
“
50
Phila. & R ead in g
“
50
P h ilad elp h ia T rac. “
50
Sum m it B ran ch (B oston). 50
Union P acific
“
100
U nited Cos. of N .J. (P hila.) 100
W esternN . Y.& Pa (P h ila .) . 100
iflls c e iln n e o n a s t o c k s .
Am .Sug’rReflml] (Boston)___ 104% 105%
P re fe rre d .........
«
95
95
B ell T ele p h o n e ..
100 198 198
Bost. & M ontana
25 24% 24%
B u tte & B o s to n ..
9
9%
25
C alum et de H eola
25 *280 282
C anton Co........... (B a lt.). 100 *77
79
Consolidated Gas
“
100 65% 65%
E rie Telephone (B oston). 100 46% 46%
G en eral E le ctric.. “
100 37
37
P re fe rre d ........... “
100 *62
64
*21%
L am son S to re Ser. **
50
22
Lehi’hC oal& N av. 'P h il.) 50 51
51
N .Eng. T elephone (Bost’n)lOO *64% 66
N orth A m erican . (P h il.).100
2V.
W e s tE n d L a n d .. (B o st?ni....\
2%
§ 2d in sta lm e n t paid, j * B id an d




M onday,
A ug. 6.

109% M ay A
97% May 4
204 J u n e 23
29 A pr. 5
11% A pr. 9
302 J a m 1 8
80 J u ly 2
67 A ug. 8
48 J u n e 6
45% M ar. 8
75 M ar. 8
26 A pr. 7
55 M ar. 11
66 Aug. 8
5 % M ar. 19*
12% M ar. 20
Í Old c eits.

Bonds.
P a. & N. Y. Ctt., oon. 5s,1939, A&O
P erkiom en, 1 st ser., 5 s .1913, Q—J
P hila. & E rie gen. M. 5g.,1920, A&O
Gem m o rt., 4 g ........... 1920, A&O
P h ila & R ead, new 4 g., 1958, J& J
1 st pref. incom e, 5 g, 1958, F eb 1
2d pref. incom e, 5 g, 1958, Feb. Í
3 d p ref. incom e, 5 g , 1958, Feb. 1
2d, 7 s......... ...............1 9 3 3 , A&O
Consol, m o rt. 7 s.........1 911, J& D
Consol, m o rt. 6 g ......... 1911, J& D
Im p ro v em en t M. 6 g ., 1897, A&O
C om M .,5 g.,stam ped,1922.M & N
T erm inal 5s, g .........1911, Q.—F.
P hil. R ead. & N . E . 4 s .. . . ....1 9 4 2
Incom es, series a .
.
. . 1952
Incom es, series B . . . . . ......... 1952
P h il. Wilm. & B a lt., 4 s .1917, A&O
P itts. C. & St. L ., 7 s ....1 9 0 0 , F&A
8 ch u y l.R .E .S id e,lst 5 g.1935, J& D
8 te u b e m & Ih d .,ls tm .,5 s.l9 1 4 ,J & J
U n ited N. J ., 6 g ............1894, A&O
W arren & F ra n k .,1st,7 s,1396,F&A
.. B o n dIs.—B a ltj m o r e .
A tla n ta & C h a rl., 1 st 7s, 1907, J& J
Incom e 6 s...................1900, A&O
B altim o re B elt, 1st, 58.1990, M&N
B altim ore & Ohio 4 g ., 1935, A&O
P itts . & Conn., 5 g ...l 9 2 5 , F&A
S ta te n Islan d , 2d, 5 g.1926, J& J
Bal.&Ohio S .W .,lst,4% g.l990, J& J
C apeF.& Y ad.,Ser.A .,6g.l9L6, J& D
S eries B ., 6 g . . . . ..........1916, J& D
Series C., 6 g . . . ........... 1916, J& D
Cent. Ohio, 4% g .............1930, M&S
C hari. Col.&Aug. 1 st 7S.1895, J& J
Ga. C ar. & Nor. 1 st 5 g .,1 9 2 9 , J& J
N orth. C ent. 6 s .................1900, J& J
6 s..................................... 1904, J& J
S eries A , 5 s ...................1926, J& J
4 % s ................................1925, A&O
P ie d m .& C u m .,lst, 5 g .l9 1 1 , F&A
P itts. & Connells. I s t 7 s .l 8 9 8 , J & J
V irginia M id., 1 st 6 s . . . 1906, M&S
2 d S eries,,6s............... ..1 9 1 1 M&S
3d S eries, 6 s ................ 1916, M&S
4 th Series, 3-4-5s....... 1921, M&S
5 th Series, 5 s .............1 9 2 6 , M&S
W est V a C. & P . 1 st, 6 g.1911, J & J
WePt’L Ñ .C. Consol. 6 g.1914, J& J
W ilm. Col. & A ug., 6 s ..1910, J& D
MISCELLANEOUS.
B altim ore—C ity H a ll6 8 .1900,Q—J
F u n d i n g g s ...............1 9 0 0 , Q—J
W est M aryi’d R R . 6 s .. 1902, J & J
W ater 5 s .................... 1916, M&N
F u n d in g 5 s . . . . . . . ....1 9 1 6 , M&N
E x ch an g e 3% s...........1 9 3 0 , J& J
V irginia (State) 3s, n e w .1932, J& J
C hesapeake G as, 6 s .....1 9 0 0 , J& D
Consol. G as, 6 S ..........1 9 1 0 , J& D
5 s .....................................
1939,hJ<&
fia.«
1 G*
i. ■J

t L a s t p ric e th is w eek,

s ex -rig h ts.

B id. A sk.
110

100
114

110%.

101%

76%
32
21 %

16%
119

76%.
32%
22%
17

116% Ì2Ò%
106%
100 101
101% 104%.
40
--

...

1 0 i % 102%
113% 113%.
109%
107
102
■—
117
97
102
101
96
65

118
1 02%
100
70
65
70
* uw

105
101%
82% 83%
ILL 112
115 120
112
95 100
109
116
116%
109
80
100
102%
105%
.114
111
111
112
121
102%
71
107
114
103%

110

102%
103
106
113
113
12 2
103%
72%
115
104%

THE CHRONICLE.

224

| VOL.

L1X.

NEW YORK STOCK EXCHANGE PRICES (Continued)-A C T IV E BONDS AUG. 10 AND FOR YE A R 18»».
Closing R ange (sales) in 1894. R ailrq a d and M is c e l. b o n d s . Inter’t Closing | R ange (sales) in 1894.
Price
P rice
Highest.
Period A ug. 10 Lowest.
H ighest
: A u g . 10 Lowest.
Mo.
P
ac.
(C
on.)—3d,
7
s
.
.
.
1906
110
a.
M
&
N
103
Ja
n
.
112
A pr.
114 b.
A m er. C o tton Oil, deb., 8 g .l9 0 0
Pac. of Mo.—1 s t,ex., 4 g.1938 F & A 97%
95 Ja n . 100% May
71%
A t.T op.& 8.F .—100-yr. ,4g. 1989
............1938
2
d
e
x
ten
d
ed
5
s
105
b.
J
&
J
99
Ja
n
.
106
%
Apr.
22
2 d 3-4s, g., Cl. “ A” .......... 1989
St.L. <fclr. M t.ls te x t.,5 s .l8 9 7 F & A 100 b. 100% Feb. 103% May
20^4
Col.M ialand—Cons., 4 g.1940
.....
........................1897
2d,
7
g
104%
M
&
N
102
Ja
n
.
109
Apr.
4284b.
A tl. & P ac.—G u ar., 4 g — 1937
Cairo Ark. & T exas,7 g.1897 J & D
97 Mar. 103% May
2 isb.
W. D. incom e, 6s.............. 1910
G en.R’y & lan d gr ,5 g .l9 3 1 A & O 75 b. 71 Ja n .
81 Apr.
94
B rooklyn E le v .—1 st, 6 g .. 1924
Mobile & Ohio—New, 6 g. .19 27 J & D 113 b. 111% Ja n . 117% May
89
U n io n E le v ated .—6 g — 1937
G
eneral
m
ortgage,
4
s
—
1938
64%
M
&
S
64% Aug.
57
78
Ja
n
.
110
C a n a d a S o u th ern .—1 st 5s 1908
Nash. Ch. & S t .X —1 s t,7s. 1913 J & J
125% Ja n . 130 May
105isb.
2d, 5 s ............ ..................... 1913
Consol.,
5
g
.......................1928
101
98
Ja
n
.
A
&
O
102
Ja n .
45 b.
C en t. Ga.-S.& W . lsto o n . 5s. 1929
N at’l S tarch Mfg.—1st, 6 s .1920 M & N 94
94% Ju n e
88 Ja m
1 1 3 b.
C e n tra l of N. J .—C o n s.,7 s.l8 9 9
N.Y.
C
entral—Deb.
ex
t.
4
s.
1905
103
M
&
N
104%
Apr.
101%
Jam
123 b.
Consol., 7 s ................
1902
1st, coupon, 7 s .................. 1903 J & J 125
123 Ja n . 128% Ju n e
117ia
G en eral m ortgage, 5 g . . .1987
D
eben.,
5s,
coup.,
18
8
4
..1
9
0
4
109
M
&
S
110
Feb.
107
Ja
n
.
108 %b.
Leh.& W .B.,eom ,7s, a s’d .1900
N. Y. & H arlem , 7s, reg .1 9 0 0 M & N 118
116% Ja n . 120% Apr.
100 b.
“
m o rtg a g e 5 s.l9 1 2
R.
W.
&
Ogd.,
consol.,
5
s.l9
2
2
116
%b.
A
&
O
113%
Ja
n
.
117
May
113 b.
Am. Dock & Im p., 5 s ---- 1921
W est Shore, g uar., 4 s — 2361 J & J 104
100% Jam 105% Ju n e
102 b.
C e n tra l Pacific.—Gold, 6 s .1898
N. Y. Chic. & St. L.—4 g . . .1937 A A O 101%b. 97% Ja n . 101% Aug.
118 a.
Ches. & Ohio.—M ort., 6 g.1911
N.
Y.
E
lev
ated
—7
s
............
1906
110%
J
&
J
108% Ju ly 113 Ju n e
105
b.
1 st consol., 5 g . . ......... 1939
N. Y. Lack. & W.—1st, 6s. 1921 J & J 130 b. 127% Ja n . 134 Ju n e
74ia
G en eral 4%s, g ................. 1992
C onstruction, 5 s ...............1923 F & A 112 b. 110 Feb. 113% May
90 b,
K. & A. D iv., 1 st con., 4 g. 1989
N.Y.L.E.&W.—lst,co n .,7 g . 1920 M & S >134 a. l3 l% Jam 137 Apr.
83%
“
2d c o n .,4 g .l9 8 9
2d consol., 6 g .................. 1969 J & D
86 Mar.
170 May
98 iab,
E liz. L ex. & B ig S a n .-5 g. 1902
Long Dock, consol., 6s,g. 1935 A & O '129 b, 125 Apr. 129 May
120ia
Chic. B u rl. & Q.—Con., 7 s. 1903
N.
Y.
Ont.
&
W.—Ref.
4s,
g.
19
92
87
b,
M
&
S
82%
Ja
n
.
87% Aug.
98%b
D eb en tu re, 5 s................... 1913
Consol., 1st, 5s, g.........1 9 3 9 J & D 109% 107 Ja n . 110% May
103
C o n vertible 5 s ................. 1903
N.Y.Sus.&W
.—ls
tr
e
f
.,5
s
g
.l9
3
7
104%
J
&
J
107%
Apr.
103
Ju
ly
*
91
b
D en v er D ivision 4 s .........1922
M idland of N. J ., 6s, g. ..1 9 1 0 A & O 117 b 115% Apr. 117% May
88 %a,
N eb rask a E x te n sio n , 4 s. 1927
Norf.&
W.—100-year,
5s,
g.1990
J
&
J
74%
Apr.
74%
Apr.
*120
H am & St. Jo s.-C o n s., 6s. 1911
Md.&W ash.Div.—1st,5 g.1941 J & J
85 i 78% Apr. 81 Apr.
114 b
Chic. & E . 111.—1 st, s. f .,6 s .1907
No. Pacific—1st, coup., 6 g.1921 J & J 109
105% Ja n . 114% Mar.
122 b
Consol., 6 g ........................ 1934
G
eneral,
2d,
coup.,
6
g.
1933
77%
A & O
71% Ju ly 89% Mar.
97%
G en eral consol., 1st, 5 s ..1937
G
eneral,
3d,
coup.,
6
g.-1
9
3
7
53%
J
&
D
64% Apr.
46% J u ly
91
b
Chicago & E rie .—1 st., 5 g’.1982
Consol, m ortgage, 5 g ...l 9 8 9 J & D 26%
22% Aug. 34% Mar.
25 b
Incom e, 5 s ................... ...1 9 8 2
Col.
tr
u
s
t
gold
n
otes,
6s.
1898
M
&
N
8638b
Chic. G as L. & C.—1 st, 5 g . . 1937
Chic. & N. P ac., 1st, 5 g.1940 A & O 44
t4 0 Ju n e 48% Apr.
126%b
Chic. Mil. & St. P .—Con. 7 s . 1905
Seat. L. S. & E ., 1st, gu.6.1931 F & A 45
t4 0 Ja m
55 Apr.
112 b,
1 st, S o u th w est D iv., 6 s .. 1909
No.
Pacific & M ont.—6 g ..l9 3 8 M & S 29
25 J u ly 36% Mar.
114 b.
1 s t ,So. M inn. D i v .,6 s ...1 9 1 0
No.
Pacific
Ter.
Co.—6
g
...l9
3
8
J
&
J
J
u
l
y
93
101%
May
108
iab.
1 st, Ch. & P ac.W .D iv.,5s.l921
Ohio & M iss.—Con. s. f., 7S.1898 J & J 108 b. 106 Ja n . 112 Ju n e
104 b.
Chic. & Mo. R iv. D iv., 5 s . 1926
Consol.,
7
s
.........................
1898
109
a.
J
&
J
Ja
n
.
106
111%
Ju
ne
105
b.
W ise. & M inn., Div., 5 g.1921
Ohio Southern—1st, 6 g ...l 9 2 1 J & D 90%
88 Aug. 97 Mar.
107iab.
T erm in al, 5 g .................... 1914
G
eneral
m
ortgage,
4
g
..
.1921
35
b.
M
&
N
J
u
ly
35
48%
Ja
m
90%a.
Gen. M., 4 g., series A ... 1989
O m aha & St. L ouis—4 g . . .1937
& J t 46%a.‘ 42 Feb. 50 Apr.
11614 b.
Mil. & N or.—1st, co n ., 6s. 1913
Oregon Im p r. Co.—1st, 6 g.1910
& D 100 b. 92% Ja n . 103 Apr.
140 b.
Chic. & N. W.—Consol.,7S.1915
1939
Consol., 5 g ................
& O 58
46 Ja n .
60 Mar.
122 a.
Coupon, gold, 7 s ...............1902
Ore.
R.&
Nav.Co.—
1st,
6
g.1909
& J 105 %b. 101 Ju n e 108% Mar.
:121
a.
S inking fu n d , 6 s ...............1929
Consol., 5 g ......... - ............ 1925
& D t 65
74 Apr.
60 Ja n .
11114 b.
S in k in g fu n d , 5 s ...............1929
Penn. Co.—4% g., c o u p o n .1921
& J 110 % 106 Ja n . 113% May
110 b.
Sinking fu n d , deben., 5s. 1933
Peo. Dec. & Evansv. -6 g.1920
87 b. 74 J a n .
& J
87% May
r105iab.
25-year d eb en tu re, 5 s . . .1909
E vansv. D ivision, 6 g . . . 1920 M & S 90
74 M ar. 90 Aug.
100 b.
E x te n sio n , 4 s ...................1926
2d m ortgage, 5 g...............1926 M & N 23
28% Apr.
19 Ja m
95 a.
Chic. Peo. & St. Louis—5 g.1928
Phila. & R ead. -G e n ., 4 g.1958 J & J
77
78 Mar.
67% Jam
125%b.
C hic.R .I.& Pac.—6s., coup. 1917
1 st pref. incom e, 5 g....... 1958
32
27 Ju n e 39% Mar.
102
E x te n sio n a n d coL, 5 s ... 1934
2d
pref.
incom
e,
5
g
.......
1958
22
%
18%
May
27% Mar.
30-year d eb en tu re, 5 s . . . 1921
91%
3d pref. incom e, 5 g ....... 1958
17%
21% Mar.
13% May
*125138 .
Chic. St. P . M. & O.—6 s ....1930
P
ittsb
u
rg
&
W
estern—4
g.1917
*
80
b.
&
88 Apr.
80%
Mar.
70 a.
C leveland & C anton.—5s. .1917
Rich. <feDanv.—Con., 6 g ..l9 1 5
115 b. 106% Ja n . 118% Ju n e
&
*128iab.
C. C. C. & I.—Consol., 7 g.1914
.......................
1936
Consol,
5
g
.
A
&
O
*t
75
b.
t7
5 Aug.
65
Ja
n
.
G en eral consol., 6 g . -----1934
R ich.& W .P.T er.-T rust, 6 g. 1897 F & A t 60%
40 Ja n . t6 0 % lu g .
C.C.C.& St-JL—P eo.& E .,4s.l940
Con.
1
st
&
col.
t
r
u
s
t,
5
g.1914
29%
M
&
S
\
29%
Aug.
18
Ja
n
.
Incom e, 4 s ......................... 1990
Rio Gr. W estern—1st, 4 g.193; J & J
61 a. 62 Ju ly
71 Apr.
Col. Coal & Iro n .—6 g ....... 1900
St.
Jo
.
&
Gr.
Islan
d
—6
g
.,1
9
2
5
M
&
N
60
b.
61%
Ju
n
e
69%
Apr.
C o l.H .y al.& Tol.—Con. ,5 g.1931
St. L. & San F r.—6 g., C1.B.1906 M & N l l l % b . 101 Ja n . 113 Apr.
G eneral, 6 g .......................1904
6 . , C lass C . . . , ..........¿ ...1 9 0 6 M & N l l l % b . 101 Ja m 113 Apr.
D en v er & Rio Gr.—1st, 7 g.1900
G eneral m ortgage, 6 g .. 1931 J & J
88 %b. 82 Ja n .
98 Apr.
J u ly
1 s t consol., 4 g ................. 1936
St.
L. So. W est.—1st, 4s, g.1989 M & N 58%
53 J u ly
62% Apr.
Ja n .
D et. B. C ity & A lpena—6 g.1913
2d, 4s, g., in c o m e ...........1989 J & J
18%
14 Aug. 20% Apr.
Aug
D et. M ac. & M.—L d.grants.1911
St.P.M.&M.—D
ak
.E
x
.,6
g.1910
M
&
N
118
b.
121
Apr.
115%
Ja
n
.
Feb,
D ul. So. Sh. & A tl.—5 g . . .1937
1 st consol., 6 g .................. 1933 J & J 115 b. 115 Ja n . 122 Mar.
E .T en m V .& G a.—C o n .,5 g .l9 5 6
“
reduced
to
4%
g.
100
%
102%
J
une
J
&
J
97%
Ja
m
K n o x v ille & Ohio, 6g — 1925
M ontana E x te n sio n , 4 g.1937 J & D 85 a. 84 Ja m
89% Apr.
66
F t. W. & D env. C ity .—6 g .. 1921
San
A
n
t.&
A
.P.—ls
t,4
g
.,g
u
.,’43
53
J
&
J
50% Jam
59% Apr.
90
G al.H .& SanA n. M .& P .D .lst.5g
S outh C arolina—1st, 6 g.
105 Feb. 110 Feb.
68
Gen. E le ctric, deb. 5s, g . . .1922
So. Pacific, A riz.—6 g .. 1909-10
Ju ly
& J
94% Jam
88 a.
60
H o u s. & T. C ent., gen. 4s, g . 1921
So. Pacific, Cal.—6 g — 1905-12
& O 104 %b, 104 J u ly 108% Mar.
100
Illin o is C e n tral.--4 g .........1952
1st
consol.,
gold,
5
g
.......
1938
&
O
90%
85% M ay 98 Apr.
I n t. & G reatN o r.—1st, 6 g.1919
So. Pacific, N. M.—6 g ....... 1911
& J
95 b 94% J uly 98% Apr.
2 d 4-5s................................ 1909
Xenn.C.
I.
&
Ry.—T
en
.D
.,lst,6
g
& O
85% Apr.
75 Ja n .
Io w a C en tral.—1st, 5 g — 1938
B irm ingham D iv., 6 g .. .1917
& J
80 b. 77 Ja n .
87 Apr.
K in g s Co. E lev.—1 st, 5 g ..l9 2 5
T exas & Pacific—lo t, 5 g ..2 0 0 i
& L) 8 4 :■ 72% Ja m
85 May
L aclede Gas.—1st., 5 g — 1919
2d,
incom
e,
5
g..................
2000
M
arch
24%
26% Apr.
17%
Jam
L a k e E rie & W est.—5 g ... .1937
Tol. A nn Ar. & N. M.—6 g.1921 M & N 75 b. 55 Mar. 77% Aug.
L. Shore.—Con. cp., 1st, 7 s .1900
Toledo
&
Ohio
Cent.—5
g.
1935
J
&
J
108
May
103
b
103%
Ju
ly
Consol, coup., 2d, 7s....... 1903
Toledo Peo. & W est.—4 g.1917 J & J
84% Mar.
67%b, 68 J u ly
Long Islan d .—ls tc o n ., 5 g.1931
J
&
D
Tol.
St.
L.
&
K
an.
C.—6
g
..l9
1
6
164
Apr.
155%
Aug.
56.
G en eral m o rtgage, 4 g .. 1938
J n io n Pacific—6 g ............. 1899 J & J 105 %b 103% Ju n e 111 Apr.
L ouis. & Nash. Cons., 7 s .1898
E
x
t.
sin
k
in
g
fund,
8
........1899
M
&
S
103
Feb.
98
90
Ju
n
e
N.O. & M obile, 1 st, 6 g ..l9 3 0
C o llateral tru st, 4% ........1918 M & N 35 a 4 0 May 49 Ja m
“
“
2d, 6 g . . 1930
Gold
6s,
col.
t
r
u
s
t
n
otes.
1891
F
&
A
92
%
Apr.
Ja
n
.
82
87%
G eneral, 6 g ....................... 1930
K an. Pac.-D en. O iv.,6 g.1899 M & N 105 b. 101 Ja n . 109 May
Unified, 4 g ....... ................ 1940
1 st consol., 6 g : ............. 1919 M & N 78 a. 72 Ju n e 97 Mar.
76 Feb.
N ash. FL& S h .-ls t,g td .,5 g.’37
O regon S h o rt L ine—6 g . . l 9 ¿2 F & A 80%
92% Mar.
75 Ja n .
82 Ja n .
82
K en tu ck y C entral.—4 g. 1987
Or.S.L.&
Ut’hN.—Cou.5g.1919 A & O 43%
56% Apr.
40 Ju ly
108 Ja n .
*110
Louis. N. A. & Ch.—1 st.,6s. 1910
U.P.D em & G ulf.com , 5 g.1939 J & D 36
31% J u n e 48% Apr.
87%b. 83 J u n e
Consol., 6 g .......................1916
J
.
S.
Cor.L—1st
col.,
6
g
..
1921
J
&
J
87% Ju n e
83
a.
70
May
55 Ju ly
L ouis. St. L. & T exas.—6 g.1917
V irginia Mid.—Gen.M., 5s. 1936 vl & N 92 %b. 70 Ja m
92% J u ly
il8 % b . 116 Ja n .
M etro. E le v ated .—1 st, 6 g.1908
*
*
stam
p
ed
g
u
a
r..
M
&
N
92% Ju ly
Ja
m
72
92%b.
100 b. 107 J a n .
2d, 6 s ......... ........................ 1899
W abash—1st, 5 g ................. 1939 M & N 104% 102 Ja m 107 d a p r.
I21iaa. 119% May
Mich. C ent.—1 st, cons., 7 s. 1902
F
&
A
79 Apr.
Aug.
2d
m
ortgage,
5
g...............1939
66
6
8
%
*107 b. 106 Mar.
Consol., 5 s ......................... 1902
D ebent. M., series B ....... 1939
& J
25 a. 21 M ar. 28% Apr.
12558b. 124 Ja n .
MB. LakeSh.& W .—1 st, 6 g.1921
Ju
ly
&
J
101%
May
West.
N.
Y.
&
P
a.—1st,
5
g.
1937
*
97%b.
97
105% Feb.
108
E x te n . & Im p., 5 g...........1929
2d m o r tg a g e ..................... 1927
& O I 22 a. 18% Feb. 22 J am
76 J u ly
76%
Mb. K. & E .—1 st 5s, g., gu.1942
109
J
une
&
J
103
Jam
West.
Urn
Tel.—CoL
tr
.,5
s
.l9
3
8
*105
b,
77% Aug.
79%
M. K. & T ex as.—1st, 4s, g.1990
Vise. Cent. Co.—1st, 5 g ..l9 3 7
& J
50%b, 50% Aug. 76% Mar.
42%
38 J u n e
2d, 4s, g - . . . ........................1990
18
Feb.
incom
e,
5
g
......................
1937
8
A
U
..
8
92 %b. 87 J au.
Mo. P ae.—1 s t,con., 6 g. ...1 9 2 0
U otb . “ b ” in d icates p rice hid ; “ a” p rice asked ; th e ran g e is m ade up from a c tu a l sa les only. * L a te st price th is week, t T ru st receip ts.

R tn .n n A i>

and

Mi s c e l . B o n d s .

NEW YORK STOCK EXCHANGE PKI0 E%—1 continued|.—INACTIVE HONDO—AUGUST 10.
SEC U RITIES.

SEC U RITIES.

Bio.

Railroad Bonds.
(Stock. Exchange Prices.)
A lab am a Mid.—1 st, g., guar.,1 9 2 8
A . T. & S. F —2d, 4s, Class B .1989
70
Col. Mid. 1st, g., 6 s . . . ...........1936
l/U a n tic ft D anv.—1 st g., 6 s ..1917
A d . A P ac.—2 d W. D., gu. 6s,. 1907
Balt, ft Ohio—1st, 6s, P a rk B .1919 118
1«, g o l d . . . . . .
......... ....1 9 2 5 *110




85
90

115

Bid. Ask.

SEC U RITIES.

B.R .& P.—Roch
P ., 1st, 68.1921
B. &O.— ’ons. m ort., gotd.5s.1988 . . . . . .
Roch. & P itts.—Cons. 1st, 6s. 1922
V. Va. ft P itts .—1st, g., 5 s ..1990
. .. .
iu rl Oed. Rap. & No.—1st, 58.1906
B & 0 . 8. W., 1st, g., 4 % s...l9 9 0 *105
Consol. & coHat. t r u s t ,5 s ... 1934
Monon. River, l s tg .,g . 5 s ... 1919 . . . . . . . . . . . .
Minn. & St. L.—1st, 7s, g u ..l9 2 7
Jent’l Ohio Reor.—1st, 4 %s. 1930 105 106
104
Iow a C. & W est.—1st, 7 s__ 1909
Ak.& C h.Juno.—1st,g,5s,gu. 1930
"%d. Rap. I. F. ft N., 1 st, 6 s.1920
.....
dost. H. Tun. & W. —Deb. 58.1913 *102
65
1st, 5 s . . . . . ........... ...............1921
Brooklyn E levated—2d, 5 s ... 1915 62
„ .. C. Ohio—Col. &i Cin. M .lst,4% s. 1939
B runsw ok & W’n—1st, g. 4s, 1938 . . . . .
len t. RR. A J-ank.—Col. g ,5 s.19371
Buffi. R • h .& P itts.—G en., 58.1937 97 100

*

1 Ask.

1 2 1 % t v8

118
lv 6

119
,lu 7
97%
. . . . . . "••«1
TMf
100
90
95
90

A ug u st

225

THE CHRONICLE.

11, 1894. J

NEW YORK STOCK EXCHANGE PRICES.—INACTIVE BONDS—r Continued)—AUGUST 10.
SEC U R ITIE S.

B id.

Ask




B id.

Ask.

SEC U R ITIE S.

N orthern Pacific—( C ontinued.)
E.& T.H.—S u l.C o .B r.lst,g .,5 s.l9 3 0
Helena& RedM ’n—ls t,g ., 6 s .1937
Ev.& Rich.—Istg e n .5 s ,g .g u .l9 3 1
Duluth& M anitobar—ls t,g .6 s l9 3 6
100
Bvans. & In d ia n .—1st, c o n s.. 1926
Dul.& M an D ak.D iv.—I s t6 s .l9 3 7
F lln t& P . M arq.—M ort., 6 s ...1 9 2 0 115
Cœ ur d’A lene—1st, 6s, gold. 1916
1 st con. gold, 5 s ......................1939
Gen. 1st, g., 6 s......................1938
94
P o rt H uron—1st, 5 s .............1939
C en t.W ash in g to n -rlst,g .,6 s.l9 3 8
Fla. Cen & P en .—1 st g. 5 s .... 1918 *102 %
N orfolk & S outh’n—1st, 5 s,g .l9 4 1
1 st con. g., 5 s ......................... 1943
60
N o rfo lk * West.—G eneral, 6 s .1931
F t W orth & R. G.—1 st g., 5S..1928 "58
95
New R iver, 1 st, 6 s ................ 1932
Gal. H ar. & S an A nt.—1st, 6 s. 1910
Im p . & E x t., 6 s . . . . . . ___ „ ...1 9 3 4
94
Gal. H. & S. A.—2d m o rt., 7 s .. 1905
A djustm ent M., 7 s ................ 1924
Ga. Car. & Nor.—1st, gu. 5s, g.1929
E quipm ent, 5s.........................1908
Ga. So. & F la.—1st, g. 6s.........1927
32
C linch Val. 1 st 5 s . . . . , ..........1957
G rand R ap. & Ind.—Gen. 5 s .. 1924
Roanoke&So.—1st, gu. 5s, g.1922
*9%
G. B. W. & St. P .—2d inc. tr . re c ts.
Scioto Val. & N. E .—1st, 4s,.1990
H ousatonic—Cons, gold 5 s .... 1937 118%
Ohio & Miss—2d cousol. 7 s .. .1911
N. H aven & D erb y , Cons. 5s..1918 113%
S pring.D iv.—1 st 7 s................1905
Hous. & T. C.—W aco & N. 7s. .1903 106
G eneral 5s...............
,...1 9 3 2
1 st g., 5s (int. g td > .............. 1937 102% 103
Ohio
R iver R R .—1st, 5 s...........1936
101
Cons. g. 6s (int. g td )............. 1912
Gen. g .,5 s ...................
1937
D ebent. 6s, p rin . & in t. gtd.1897
O regon & C alifor.—1st, 5s, g.1927
D ebent. 4s, p rin . & in t. gtd.1897
Oreg. R y& N av.—C ol.tr. g ..5 s.l9 1 9
Illinois C entral—1st, g., 4s ...1 9 5 1
100
P an. S ink.F ’d Subsidy—6s, g. 1910
1st. gold, 3 % s........................1 9 5 1
98% Penn.-P.C.C& St.L.Cn.g.4% sA1940
Gold 4 s ..................................... 1953 98
Do
do
Series B .........
Cairo Bridge—4 s.................... 1950
P .C .& 8 .L .-lst,c.,7 s............. ..1 9 0 0
Springf. D iv.—Coup., 6 s___1898 105
P
itts.
F
t.
W.
&
C.—1st,
7 s ... 1912
M iddle Div.—R eg., 5s...........1921 109%
2d, 7 s ....................................1912
C. St. L. &N. O.—T e n .l.,7 s .l8 9 7 110
3d, 7 s . . . . ........................... ..1 9 1 2
1st, consol., 7 s..................... 1897 *110%111%
Ch.St.L. &P.—lst,c o n .5 s ,g ... 1932
2d, 6 s..................................... 1907
Clev. & P .—Cons., s. fd., 7S.1900
Gold, 5s, c o u p o n .................1951 113
Gen. 4%s, g., “ A” ............. 1942
Memp, D iv., l s t g . 4 s ....... 1951 *98
St. L .V .& T .H .—1 s t,6 s .,78.1897
Ced. F alls & M inn.—1st, 7 s.. 1907 '100
1898
2d, 7 s .........................
In d . D. & Spr.—1 st 7s, ex. cp.1906
2d, g uar., 7 s . . . . . . ..............1 8 9 8
Ind.D.& W .—1 st 5s, g .,tr .re e ..l9 4 7
G d .R .& I.E x t—1st,4%S,G.g. 1941
2d, 5s, gold, t r u s t r e c e ip ts .. 1948
P eo.& E .-Ind.B .& W .-lst,pf.7s.l900
Inc. M. bonds, t r u s t receip ts . . . .
Ohio ind.&W.—l s t p r e f .5 s ..1938
79
In d . Ills. & Iow a.—1st, g, 4 s .. 1939
P eo ria <fc P ek. U nion—1st, 6s .1921
Int.&G . N’n —1 st,6s,g................ 1919 110% 112
2d m ortg., 4% s....................... 1921
79
K ings C o.-F .E l.,lst,5,g.,gu.A .1929
P itts. Cleve. & T o l—1st, 6 s ... 1922
104
L ake E rie & W est.—2d g., 5 s .1941
P itts. & L. E r.—2d g. 5s, “ A” . 1928
L. 8. &M.Sou.—B.& E.—N e w 7 s .’98 113
P itts. Mc. K. & Y.—1 st 6s___ 1932
D et. M. & T.—1st, 7 s . . . ........1906 '124%
P itts. P ainsv. & F .—1st, 5 s ... 1916
L ake Shore—Div. bonds, 7 s. 1899 *114%
P itts. Shen. & L. E .—lst,g .,5 s . 1940
K al. All. & G. R.—1 st gu. 5s. 1938 *110
P itts. & W est.—M. 5 s,g .l8 9 1 -1 9 4 l
M ahon’g Coal R R .—1st, 5 s .1934 *112
P itts.Y ’g st’n&A.—1st, 5s,c o n .l9 2 7
LehighV.jN.Y.—1 st g u.g.4% s.l940 *99%
P res. & Ariz. Cent.—1 st, 6s, g.1916
L ehigh V .Term .—1 st gu. 5s,g. 1941
2d incom e 6 s ......... .................1916
L ehigh V’y Coal—I s t5 s ,g u .g .l9 3 3
Rich. & D anv.—D eb en tu re 6s. 1927
95
L itchf. Car.& W est.—1 st 6s. g.1916
L ong Islan d —1st, 7 s ....... .........1898 112 113% E quip. M. s. f., g., 5 s ............ 1909
AÛ. & C har.—1st, p ref., 7 s .. 1897
Gold 4 s .......................
1932
do.
Incom e, 6 s . . . . 1900
N. Y. & R ’w ay B.—1 st, g. 5 s. 1927
W ash. O.&W.—1st,4s,gu.cy.,1924
2d m ortg., in c ..................... 1927 37% 43
R ioG r. Ju n e .—1st, gu., g., 5 s.l9 3 8
N.Y.&Man. Beach.—1 st, 7s, 1897 * 102 % 105
Rio G rande So.—1st, g., 5 s ... 1940
N.Y.B.&M.B.—1 st con. 5 s,g .l9 3 5
98
95
St. Jo s. & Gr. Is.—2d in c ....... .1925
B rookl’n& M ontauk—ls t,6 s .l9 1 1
K an. C. & O m aha—1st, 5 s ..1927
111
1st, 5 s ................................... 1911
49% St. L ouis A. & T. H .—
L ouis.E vans.& St. L.—Con.5s.1939
B eliev. & So. Ill —1st, 8 s ... 1896
Louis. & N ash.—Cecil. B r. 7 s ,.1907 109
Bellev. & Car.—1st, 6 s ......1 9 2 3
E . H . & N ash.—1 st 6s, g ....l 9 1 9 110
Chi.St.L.& Pad.—lst,g d .g .5 s 1917
P ensacola D ivision, 6 s . . . . . .1920 106
St. L ouis So.—1st, gd. g. 4 s. 1931
St. Louis D ivision, 1st, 6 s ...1921 119
do
2d in c o m e ,5 s .1931
2d 3s
1980
Car. & S haw t.—1st g. 4 S ....1 9 3 2
N ashv. & D ecatu r—1 s t,7 s .. 1900 111% 112
St.
L.
&
8.
F
.—2d
6s, g., cl. A .1906
S .f .,6 s —S. & N. A la___ ....1 9 1 0 104
E q u ip .,7 s ...............................1 8 9 5
10-40, gold, 6 s....................... 1924 100
G en eral 5 s ............
1931
5 0 -year 5s, g .,......................... 1937 94
1st, tru s t, gold, 5s.-.. . . 1 9 8 7
P ens. & A t.—1st, 6s, g o ld ... 1921 97%
Consol, guar., 4 s . . . . ............. 1990
Collat. tr u s t, 5s, g ............. ,.1 9 3 1
98
K an. City & 8 —1st, 6s, g ...l 9 1 6
Lou.N. Alb.&Ch.—G en.m . g.5s. 1940 63
65
F t. S. & V. B. Be. - 1 s t , 6 s ... 1910
M a n h attan Ry.—Cons. 4s....... 1990
97
98%
K ansas M idland—1st, 4s, g. 1937
M anito.S.W .Coloniza’n —5s ,g .l9 3 4
St. P a u l & D uluth—1 s t,5 s . . . . 1931
M em phis & C hari.—6s, g o ld .. 1924 *55
2d m ortgage 5s....................... 1917
1 st con. T enn lien, 7 s...........1915 '109
St. P a u l M inn & M.—1st, 7 s ..1909
M exican Cent. Consol.—4s, g.1911
2d m ort, ,6 s ...............
1909
1st, cons, incom e 3s, g__ ..1 9 3 9
M inneap. U nion—1st, 6 s ___1922
Mex. In te rn a tio n a l—1st, 4 s,g .l9 4 2 70
M ont. Cen.—1st, g u ar., 6 s .. 1937
M exican N ational—1st, g., 68.1927
1 st guar. g. 5 s ......................... 1937
2 d ,incom e, 6s, “ A” . . . ..........1917
E a st. M inn., 1 st div. 1 st 5 s .1908
2d, incom e, 6s, “ B ” . . . ........1917
W ilm ar& SiouxF.—1st, g ,58.1933
M ichigan C entral—6 s___. . . . . 1909 117%
S an Fran.. & N. P .—1st, g., 58.1919
C oupon, 5 s................................1931 115
S outh C arolina—2d, 6 s...........1931
1940 100
M ortgage 4 s ..................
Incom e, 6 s . . . . . . . . .... . . . . . . 1 9 3 1
B at. C. &Strgis.—1 st,3 s,g. gu. 1989
So. Pao. C oast—1st, g u a r.,4 s. 1937
Mil. L. 8.&W.—Conv. deb., 58.1907 ioT 107
Ter.R R. As’n of S t.L .-lst,4 % s.l9 3 9
Mich. D iv., 1st, 6s..................1924 123 124
T exas & New O rleans—1st,7 s .1905
A shland Division—1st, 6s ..1 9 2 5 124
Sabine D ivision, 1st, 6 s . . ...1 9 1 2
Incom es..................................... .
Consol. 5s, g .................
1943
Minn.& St. L.—1st, g. 7 s ......... 1927 119
Io w a E x te n sio n , 1st, 7s....... 1909 116 120 Tex. & P ac., E . D.—1 st, g. 6S.1905
T hird A venue (N.Y).—1 st 5s, 1937
2d m ortg., 7 s....... .................. 1891 124%
Tol. A. A. & Cad.—6 s................ 1917
S outhw est E x t.—1st, 7s....... 1910 140
Pacific E x t.—1st, 6 s ............. 1921 113 113% Toledo A. A. & G’d T r.—g. 6s. 1921
Tol. A. A. & Mt. P I.—6 s...........1919
Im p r. & equipm ent, 6 s . . . . ..1 9 2 2 115
Toi. A. A. & N. M.—5s, g-------1940
M inn. & P ao.—1 st m ortg., 5 s. 1936
T
.*O .C.—K an.& M ., M ort. 4 s.l9 9 0
M inn.St.P.&S.S.M —ls tc .g .4 s .l9 3 8
U lster & D el.—1st, oon .,6 .,5 s.l9 2 8
Mo. K. &T.—K. C. & P., 1st, 4 s ,g .l9 9 0
70
Union
Pacific—1st, 6 s...........1 8 9 6
D al. & Waco—1st. 5s, g u . . , . 1940
1st, 6 s ....................................... 1897
M issouri Pacific —T ru s t 5 s . . . 1917
1st,
6
s .......................................1898
1 st coll., 5s, g ......................... 1920
C ollateral T ru st, 6 s...............1908
S t L.&I. M .-A rk .B r.,lst, 7S.1895 100
C
ollateral
T rust, 5 s......... ...1 9 0 7
M obile & Ohio—1 st e x t., 6 s ... 1927
K ansas Pacific—1 st 6s, g ...l 8 9 5
St. L. & Cairo—4s, g u a r....... 1931
1st, 6s, g ........................... ...1 8 9 6
M organ’s L a. & T.—1st, 6 s ....1920
1 st 7 s,. . . . . . . . . . . . . . . . . . . 1918
O. B r. U. P - F . e., 7a_,........1895
A tch. Col. 4 P ac.—l9fc 6 s... 1905
N ash. Chat".‘& sV l .—2d," 6 s*! 1901
A tch. J . Co. & W.—1st, 6 s ... 1905
N. O. &. No. E . - P r . 1., g., 6 s ..1915 *108
U. P . L in. & CoL—l s t ,g ., 5s. 1918
N. Y, C en tral.—Deb. g. 4 s . . . , 1905 103
Oreg.S.L.& U .N .,col.trst.,5s.l919
N. J . Ju n e —G uar. 1st, 4 s . . .1986 *98
U ta h & N orth.—1st, 7 s......... 1908
Beech Creek—1st, gold, 4 s .. 1936 103%
Gold, 5 s ................................. 1926
Osw. & Rom e—2d, 5s, g.,gu,1915 105
U tah Southern—Gen., 7s ..1 9 0 9
U tica & Bl. Riv.—4s, g., gu.1922 103
E x te n ., 1st, 7 s ......... ......1 9 0 9
N. Y. & P u t.—1st, g., 4». gu.1993 101%
Valley R ’y Co. of O.—Con. 6 s .1921
N. Y. N. H. & H .—1st, retr. 4 s .1903
W abash—D ebenture, Ser. A .. 1939
N. Y. & N o rth ern —1st, g. 5 s .. 1927 116
D et. & Chic. E x t. 1st, 5s, g ..l9 4 0
N. Y. Susq. & West.—2d, 4 % s.l9 3 7 *84
No M issouri—1st, 7 s ...........1895
Gen. m o rt., 5s, g . . .................1940
St LI.K.C.&N.—R.E.&RR.7S.1895
N. Y. T ex. & Mex.—lst,4 s ,g u .l9 1 2
St. C harles B r’ge—1st,6 s... 1908
N orth’n Pacific—D ivid’d sc rip e x t.
24
30
W est Va. 0. & P itts.—1st, 6s. 1911
Ja m e s R iv er V al.—1st, 6S...1936
W
heeu*L
.E .—1st. 5s, g o ld ... 1926
S pokane & P al.—1st, 6s....... 1936
i'i/%
E xtension & Im p, g., 5 s .. . . . 1930
S t.P aui & N. P .—Gen.. 6s . 1923
th e la te s t q u o tatio n s m ade th is week. F o r U ls c e ila n e o a * a n d U n lis te d i t o a l s . —ie s 31 page

Cent, of N. J .—Cony, deb., 6S.1908
C en tral Pacific—Gold b d s, 6s, 1895 1001«
Gold bonds, 6 s ....................1 8 9 6 100 %
Gold bonds, 6 s ....................... 1897 101
S an Jo a q u in B r., 6 s . . . . ........ 1900 *103%
M ort. gold 5 s ...........................1939
100
L and g ra n t, 5s, g....................1900
Cal. & O. Div.., e x t., g. 5 s ... 1918
W est. Pacific—Bonds, 6 s___1899 *103%
No. Railw ay (Cal.)—1st, 6 s .1907
50-year 5 s . . . . . . . . . . ........... 1938 90
Ohes. & O.—P u r. M. fu n d , 6 s .1898 T 07
6s, gold, series A ....................1908 117%» 118
95
C raig V alley—1st, g., 5 s— 1940
W arm Spr. V al., 1st, g. 5 s ..1941
100
Ohes. O. & So. W est.—1 st 6s, g.1911
2d, 6 s..............................
..1 9 1 1
Oh. V.—G en .co n .lst,g u .g ,5 s.l9 3 8
Chicago & A lton—S. F ., 6 s ___1903 115
Louis. & Mo. R iv er—1st, 7S.1900 114
2d, 7 s ..................................... 1900
St. L. Ja c k s. & Chic.—2d, 7S.1898 107
Mlss.R. B ridge—1 st, s. f., 63.1912
Ohio. B url. & Nor.—1 st, 5 s ....1 9 2 6 103 104
1896 95
D eb en tu re 6 s ...............
Ohio. B urling. & Q.—5s, s. ¿..1901 106%
Io w a D iv.—Sink, fu n d , 5 s ..1919 10t%
Sinking fu n d , 4 s .................. 1919 96% 97%
P lain , 4 s ....................................1921 90%
97
Ohio & I n d ia n a Coal—1 st 5 s .1936 95
113
Ohi. Mil. & St. P .—1 st,8s,P .D . 1898
2d, 7 3-10s, P . D ....................1898 *117
1st, 7s, $ g., R. D .................1 9 0 2 *123%
1st, I. & M., 7 s ....................... 1897 *114 119
1st, I. & D ., 7 s ....................... 1899 *115 116
1 st ,C. & M., 7 s ....................... 1903 *124 126
1st, I. & D. E x te n sio n , 7 s ... 1908 126% 129
1st, L a C. & D av., 5 s ............ 1919 104
1st, H . & D .,7 s ......................1910 123% 124%
1st, H . & D., 5 s ......................1910
117%
Chicago & Pacific D iv., 6».. 1910 *
105
M ineral P o in t Div. 5 s...........1910
0. & L. Sup. D iv., 5 s............. 1921 '105%
F argo & South., 6s, A s s u ...l9 2 4 *115
Die. conv. sink, fu n d , 5 s___1916 *97%
D ak o ta & G t. South., 5 s___1916 104
Mil. & Nor. m ain line—6 s .. .1910 *116
Chicago & North w estern—
107%
30-year deb. 5 s ..... .................1921
E sean ab a & L. S. 1st, 6 s ....1 9 0 1
D esM . & M inn.—1st, 7 s . . ..1 9 0 7
Iow a M idland—1st, 8 s......... 1900 *120
P en in su la—1st, conv., 7 s . . . 1898 *120
Ohio. & M ilwaukee—1st, 7 s .1898 *110
Win. & St. P .—2d, 7 s............. 1907
Mil. & M ad.—1st, 6 s............ 1905 *114%
O tt. C. F . & St. P .—1 st, 5 s .- 1909 107
N o rth ern 111.—1st, 5 s . . . . . . 1910 107
Oh.Peo. & 8t.L .—C o n .lst,g .5 s.l9 3 9
96
Chicago Rock Isla n d & P acific—
D. M. & F .D . 1 s t 4 s ...............1905
60
1st, 2% s..........
1905 49
E x tension, 4 s ......................1905
99
K eokuk & D es M.—1st, 5 s .. 1923 "95
Chic. & St.L.(A tch.)—1st, 6s.. 1915
Chic. St. P . & M inn.—1 s t,6 s ...1918 125%
St. P a u l & 8. C.—1st, 6 s....... 1919 127% 127%
Ohio. & W. In d .—1st, s. f., 6 s. 1919
G eneral m o rtg ag e, 6 s ...........1932 117 118%
O n H am . & D.—Con. s. f., 7S.1905 r118
2d, gold, 4*28...........................1937
Cin. D. & I r ’n—1st, gu. 5s, g. 1941
98%
Olev. Ak. & Col.—Eq. & 2d 6S.1930
O.O.C. & St. L., Cairo div.—4s, 1939
8t.Lou.D iv.—ls tc o l.ts ’t4 s,g .l9 9 0 90
"¿2
Spring.&Col.Div.—ls t,g . 4s. 1940
W hiteW .V al.D iv—ls t,g . 4s. 1940 89
Cin.Wab.&M.Div.—Ist,g .4 s.l9 9 1 *90
Oin. I. St. L. & C.—1 st,g.,4s. 1936 92
Consol , 6 s ................................ 1920
Cin.San.&Cl.—C o n .lst,g .5 s, 1928 *105%
GLOoL Cin. & In d .—1 st, 7 s,s.f.l8 9 9 *114
Consol, sink, fu n d , 7 s ...........1914
Oleve. & M ah. V.—Gold, 5 s . . .1938
Colum bia & G reen.—1st, 6 s. ..1 9 1 6
Del. L ack. &W .—Mort. 7 s . . ..1 9 0 7 *131%
Byra. B ing. & N. Y.—1st, 7s. 1906 *128%
M orris & E ssex —1 st, 7 s . . ..1 9 1 4 *142
Bonds, 7 s ......... .................... 1900 *114
7 s of 18 7 1 .............................1901 *119
1 st, con., g u ar., 7 s.............1915
139%
DeL & H ud. Can.—Coupon 7s,1894 102 %
P a. D iv., coup., 7 s.................1917 *140
A lbany & Susq.—1st, gu.,7s. 1906 131
1 st, cons., g u ar., 6 s......... ,1906
B ens. & Sar.—1st, coup., 7s. 1921 *144
D en v er C ity Cable—1 st, 6 s ... 1908
D env. T ram w ay—Cons. 6s, g.1910
M etropol. Ry.—ls t.g u . g.6s,1911
D env. & R. G.—Im p ., g., 5 s ...1 9 2 8 62
D u lu th & Iro n R ange—1 st 5s. 1937 90
92
S . T enn. Va. & Ga.—1st, 7 s ...1900 112 112%
D ivisional 5 s.......................1 9 3 0 I t 5
E q. & Im p ., g .,5 s ............
1938 *75
M obile & B irm .—1st, g .,5 s.. 1937
A lab am a C entral—1 s t 6 s ... 1918 100
EWe—1st, ex ten d ed , 7 s. . . . . . . 1897 109 109%
2d, ex ten d ed , 5s..................... 1919 115%
8d, ex ten d ed , 4 % s .............. 1923 109
4 th, e x ten d ed , 5 s....................1920 113 114
5 th , e x ten d ed , 4 s...................1928 100 101
1st, con., g., f’d, 7 s ....... ....1 9 2 0
Reorg., 1 st lien, 6 s.................1908
B. N. Y. & E .—1st, 7 s ...........1916 *128%
N. Y. L. E . & W.—Col. tr.,6 s. 1922
F u n d ed coup., 5 s ,.................. 1969 *67
Buff. & S. W.—M ortg. 6 s ....1 9 0 8
Jefferson—1st, gu. g. 5 s ___1909
Coal & RR .—6 s....................... 1922
Dock & Im p t., 1 st 6s, cur’cy.1913 102
E u re k a S prings—1st, g., 6 s ... 1933
E v an s. & T .H .—1st, cons., 6 s .. 1921 Í0¿"
1 st, g en eral, g., 5 s ___ ____ 1942
Mt. V ernon 1st 6 s ___ ____ 1923
No p rice F riday; th ese

SEC U R ITIE S.

Bid.

Ask.

*70
*70

SO

102

103%

106'

69%
'112

72

1ÏÔ'
100

T6

49
103
103

117
116%
T 07
102

108

109
112

64

80%

*90
*101

*97%

47%
103
80

iïi%
77%
*70
41% 41%
......... .........
113 114
104
110
118 119
110
101
102
87

99%

......

90
106
116% 119
64
*75
60
75
100*«
104%
104%
105%
78
52
103
103

30

75
101%
104%
105
106
104
104
100
40
40
. . . . . .

. .. .. .

*85"
rnrnmmm

103%
105%
106

• •rnrnm
98

106
p reced in g .

THE CHRONICLE

226
% w v z s tm m t

B oads .

rv o L . L ix ,
L atest E a rn in g s Reported.
W eekorMo\

1894.

1893.

Ja n . 1 to L a test Date.
1894.

1893.

G r.T P k ( Con.)—
$
$
21,820
19,026
D e t G r.H . A M. Wk Ju ly 21
511,896
596,756
3,976
2,626
18,394
G eorget’n A W’n J u n e __ _
23,417
I f o iilr o a d % n itlliQ m c e .
2,315
1,986
Gr. P .W al. A B r. M ay...........
8,768
9,009
G reat N orth’n Sk I . M. A M. J u l y ........... 1,099,738 1,085,660 5.267.117 7,016,027
of M inn J u l y ........... 110,166 129,392
509,321
605.894
The I n v e s t o r s ’ S u p p l e m e n t , a pamphlet o f 160 pages, con EMast,
ontana Cent J u l y ........... 151,652 194,770
850,679
667,642
tains extended tables of the Stocks and Bonds o f Railroads,
T ot. system . J u l y ........... 1,361.556 1,309,822 6.617.117 8,289,563
2,375
2.368
G olf A Chicago. J u ly ...........
22,503
22,346
<ind other Companies, with remarks and statistics concerning H
448
307
artsv ille . . . . . . M ay___. . .
3,607
5,441
2,978
3,348
17,735
17,274
the income, financial status, etc., o f each Company. I t is Hoos.Tun.AW il. J u n e . . . . . .
29,557
25,300
Hous. E. AW.Tex J u n e .........
189,878
209,072
published on the last Saturday o f every other month—viz., H um est’nAShen J u ly ...........
8,425
8,000
64,800
71,434
o is C entral. J u ly ........... 1,097,316 1,789,736 9,614,641 11,690,566
January, March, May, July, September and November, and is Illin
11,876
206,295
17,228
Ind.D ec. A West. 4thw k J uly
258,386
furnished without extra charge to all regular subscribers o f In .A G t.N o rth ’n 4 tk w k Ju ly 76,593 93,305 1,626,255 2,255,621
37,952 1,347,245 1,215,737
37.970
iln tero o . (Mex.) Wk Ju ly 21
the C h r o n i c l e .
37,611
934,289 1,039,033
38,078
Iow a C en tral. . 4 th w k Ju ly
1.921
3.032
22.566
24,406
n R a ilw a y ... J u ly ...........
lh e General Quotations of Stocks and Bonds, occupying six Iro
52,158
49,433
474,096
Ja ck . T. A K. W J u n e .........
487,199
8,656
pages of the C h r o n i c l e , are published on the t h i r d S a tu r  KanawhaAM ich 4th w k Ju ly 11,197
202,719
195,105
5,433
8,413
160,035
150,561
Kan.C. Cl. A S p. 4 th w k J uly
d a y of each month.
95,024 2,141,551 2,499,267
K.C.F.S.AM em 4 th w k Ju ly 103,691
15,377
17,930
533,745
584,922
K.C.M em .ABir 3d w k Ju ly
7,154
191,631
11.547
K. C. P itts. A G. 4 th w k Ju ly
73,468
8,890
9,594
139,150
Kan.C. Sub.Belt 4 th w k Ju ly
134,346
21,848
23,770
Kan.C. N W » .... J u ly ...........
1,198
933
K au.C .A B eat. J u ly ....... ..
J a n . 1 to L atest Date.
Latest E a rn in g s Reported.
8,689
10.004
207.187
K eokuk A W est. 4 th w k Ju ly
210,601
B oa ds.
5,414
6,124
38,663
L. E rie All. A So. J u l y ..........
45,604
1894. j 1893.
Week or Mo 1894.
1893.
93.785 1,776,309 2,084,040
L. E rie A W est.. 4 th w k Ju ly 102.130
57,721
229,033
23,505
L ehigh A H u d .. J u ly ...........
327,559
Long Isla n d ___M ay ............ 375,510 389,213 1,363,637 1,415,973
70,977 Louis.AM o.Riv. M a y ...........
67,458
13,988
A d iro n d a c k ..... M a y ...........
13,337
33.232
24,472
124,653
165,600
190,726 Louis.Ev.A St.L. 4 th w k Ju ly
221,223
36,356
32,901
A la. M id lan d ... M a y ...........
43,696
787,460 1,008,206
44,001
946,852 1,319,449 L ouisv.A N ashv. 4 th w k Ju ly 515,655 517,404 10.631,419 12,405,920
A llegheny V al. J u n e ....... . 151,558 235,791
14,049 Louis.N.A.ACh. 4tli w kJuly
17,359
4.009
4,085
A n n a p . W. & B .. A p ril.........
87,680
93,135 1,501,067 1,903,730
33,003 L c '.S t.L .A T e x . 4 th w k Ju ly
32,305
6,861
A rk. M id lan d ... M ay...........
4,973
233,359
16,097
14,158
341,990
A toh.T.A S. F e. 3d w k Ju ly 443,627 644,295
323,129
11,837
^ o u isv . South .. 3d w k Ju ly
375,312
12,518
St. L. A San F. 3d w k Ju ly 112,967 114,268
5,272
5,548
M acon A B irin.. J u l y ...........
41,526
39,278
37,179
A tlan ticA P ae 3d w k J u ly
60.620
4,649
998
1,019
M anciies.AAug. M a y ...........
6,719
25,021
Col. M idland.. 3d w k Ju ly
25,975
4,015
10,212
41.189
M anistique........J u ly ............
70,238
26,089,033
Agg. t o t a l ... 3d w k Ju ly 618.794 845,158 19,706,217
19,741
18,007
667,616
Memphis
AChas.
3d
w
k
Ju
ly
791,408
321,792 iM exican C ent. 4 th wk Ju ly 201,236 191,529 4,929,576 4,622,835
273,982
47,536
A tlan ta& C h ar.a M ay_____
58,491
176,856 M exican I n te r ’l. Ju n e
192,234
32,654
28,429
A tla n ta A W . P M a y ...........
179,245 182,838 1,062,363 1,069,283
104,499 (Mex. N atio n al. 4 th w k Ju ly
97,154
22,149
A u s tin & N’w est M ay ...........
15,077
94,576 106,896 2,427,269 2,519,384
9,320,880
B.A O .EastLines J u n e ____ ,313,747 ,708,713 7,530,520
268,906
Mex.
N
o
r
th
e
rn
.
M
ay.
58,409
W estern Lines J u n e ......... 359,779 523,416 2.088,631 3,098,830 tM exicanR ’way Wk Ju ly 2 1
53,145 1,764,332 1,730’,962
59,093
12,419,710
T o ta l............ J u n e ......... ,673,526 ,232,129 9,619,151
152,871
3,009
8,046
M
exican
So.......
W
k
Ju
ly
2
1
96,858
BaLA O .Sou’w.d ls tw k A ug 125,867 136,237 3,522,662 3.979,927 M inneap.A St.L. J u l y ....... .
890,626
999,733
107.312 140,025
8,762 M o.K an.A T ex.. 4 th w k Ju ly 262,884
7,883
1.512
1.834
B a th A H am ’nds M ay...........
4,925,489 5,425,226
196,681
19,234 M o.Pac.AIronM 4 th wk Ju ly 656,295 617,370 12,170,517 14,534.659
12.408
I , 508
2,064
B ir . A A tla n tic .. J u ly ...........
27,542
29,401 1,060,585 1,151,327 Mobile A B irm . 3d w k Ju ly
B ro o k ly n E le v .. Wk Aug. 4
140,014
3,827
154,259
4,115
94,910 102,358 1,363,020 1,973,530 Mobile A O hio.. J u l y ........... 211,375 250,835 1,802,636 1,917,680
Baff.Roch. APiti 4 th w k Ju ly
83,329
79,654 1,986,175 2,159,631 M ont.A M ex.G li J u n e .........
B or.C .B ap. AN. 4th wk Ju ly
565,694
84,643
536,213
90,000
315.826 N ash.C h.A 8t.L . J u n e ......... 350,289 382,256 2,251,539 2,457,356
344.533
89.939
Cam den & A tl.. J u n e . . . . . .
82,547
O anadianPaciflc 4 th w k Ju ly 469.000 565.000 9,646,769 11,323,264 N evada C entra) M ay ...........
10,874
4,298
20,177
1,620
19,220 N. Je rs e y AN.Y. F eb ru ary .
23,287
5,552
3,357
<Jar.Cum.GACh. M ay ___
20,306
42,799
41,971
19,435
31,298 NewOrLASo’n
29,939
8,295
7,788
O ar. M idland__ J u l y ....
7,474
54,346
..
J
u
ly
...........
71,519
5,882
,219,425 ,320,297 5,755,286 7,136.367 N .Y .C .A H .E ...« J u l y ........... 3.158,003 3,926,232 •22,958,858 26,597,045
C en tral of N. J . . J u n e . ..
,116,827 ,330,248 4,866,755 5,443,546 N. Y. L. E . A W. J u n e ......... 2,180,421 2,668,683 11,379,056 14,488.357
■Central P acific.. M ay___
47,305 N .Y .Pa.A O hio.. J u n e ......... 451,850 636,160 2,552,623 3,578,916
41,781
4.9 74 7,949
C e n tra l of S. C .. M a y ___
88.667
91.762
10,266
11,170
C har. Cin. AChic. J u ly —
174,101
48,675
178,958
A P u tn a m . A pril.........
46,725
324,307 N.Y.
312.717
45.510
59,271
G harlest’nASav. M a y ___
84,722 2,190,199 2,288,794
Y. O nt. A W .. ls tw k Aug
79,036
90,290 N.
87,156
8,000
8,500
C h ar. Sam. & No. J u ly —
803,055
832,636
165,153
N.Y.Susq.
A
W.
.
J
u
n
e
.........
157,501
26,866
19,413
3,856
5,616
C h at’q u a L ak e.. J u n e . . .
47,784
234,958
234,153
A S outh’n. J u n e .........
44,495
42,994 Norf.
36,325
4.512
5,924
Clheraw. A D arl. M a y ___
5,650,339
178.772
5,828,079
N
orfolk
A
W
est.
4
th
w
k
Ju
ly
201,636
C h es.A O h io ... 4 th w k Ju ly 305,087 273,437 4,891,190 5,801,966 N’th e a s t’n (S.C.) M a y .
294,390
55,469
332,875
44,041
957,912 1,161,605
147,974 175,253
Ches. O. &So.W. J u n e . . .
orth’n C en tral. Ju n e
493,411 653,105 2,697,147 3,494,551
798.718 1,177.265 N
132,751 167,205
Chic. B ur. & No. J u n e . . .
6,786,872
1,620,821
11,248,365
N
orth’n
P
acific.
J
u
ly
.
634,798
,363,448 ¡,292,679 15,160,140 18,976,009 Oconee A W est. Ju n e
Chic. B ur. & Q.. J u n e . ..
15,589
7,317
1,592
2,570
C hic.& E ast. 111. 4 th w k Ju ly 105,911
98,948 1,690,096 2,438,452 Ohio R iv er....... . 4 th w k Ju ly
359,069
440,910
16,851
13,597
167,342 237,019 1,075,590 1,448,210 Ohio S o u th e rn .. J u ly .
C hicago & E rie J u n e ...
50.876
71,047
91,635 1,899,338 2.388,067 O m aha A St. L .. M ay.
Chic. G t. W est’n 4 th w k Ju ly 100,244
181.657
243,138
45,678
27.219
Chic. Mil. & St. P t ls tw k A ug 544,341 574,445 16,001,844 19,378,164 Oregon Im p. Co. J u n e
328,714 1,805,859 1,816,411
309.353
16,072,920
13,966,78
1,440,044
¡,912,2*4
Ghlo.AN’t'nw’n / J u n e ...
5,782,462
26,248,177
33,885,417
P
e
n
n
sy
lv
a
n
ia
...
Ju
n
e
4,162,281
630.979
499,247
25,161
19,114
Chic.Peo.& 8.L... 4 th w k Ju ly
439,823
26,486
513,878
27.132
eo.A Ev. 4 th w k Ju ly
,018,436 ,542,114 9,051,243 10,536,668 PeoriaD
Ohio.B’k I .& P .. J u ly ---274,587
293,908
49,700
43.368
etersb u rg .........Ju n e
610,206 655,385 3,542,098 3,866,271 P
Chic. St. P. M. AO. J u n e ...
558,591 1,697,943 2,550,039
343,698
P
hila.
A
E
r
i
e
...
J
u
n
e
1,076,317
841,069
38,115
49,689
Chic. A W. Mich. 4th w k Ju ly
11,074,936
9,309,553
2,024,749
1,997,307
P
hila.
A
R
ead’g.
Ju
n
e
38,124
37,223
5.494
6,305
Cin. Ga. A Ports. J u l y —
2,348,984 2,098,301 10,225,838 11,363,006
Coal A ir. C o ... J u n e
6,125
4,545
932
1,721
■On. & K en t. Sou M ay___
4,346,291 4,123,010 19,535,391 22,437,942
T otalbothC os. J u n e
394,225
345,412
20,243
18,738
Cin. J a c k & Mac. 4 th wk Ju ly
22,666
18,776
2,744
P
itts.
M
ar.
A
Ch.
J
u
ly
...........
2,918
2,0D8,965
1.643.000
251.000 343,614
Cttn.N. O. A T. P. J u n e ...
209,784
253,537
54,798
P
itkS
hen.A
L
.E
.
J
u
ly
...........
41,097
877,962
651.000
102.000 139,829
Ala. Gt. South. J u n e . ..
695,142
869,718
141,736
114,042
P
ittsb
.
A
W
est..
J
u
ly
...........
695,726
549.000
82,000 106.000
N .O rl. A N . E. J u n e . ..
343,185
490,906
80.144
52,212
P itts. Cl. AToi. J u ly ...........
266,846
236.000
32.000
40.000
A la. A Vicksb. J u n e ...
155,135
192,712
38,588
27.278
P itts . P a. A F. J u l y .. . . . . .
246,552
236.000
33.000
30.000
V icks. Sh. A P . J u n e ...
1,194,031
1,564,627
80.144
63,152
T
otal
system
..
4
th
w
k
Ju
ly
4^7,000 662,443 3.317.000 4,098,051 P itt. Young. A A. J u n e __ _
E rlan g er Syst. J u n e ...
725,785
447,338
188,830
92,101
152.827
137,584
23,984
20,269
C in . P o rts. & V.. J u l y ...........
164,894
158,590
17,871
17,800
8,152 P t. R oyal A A ug.1J u ly ...........
5,872
966
1,353
Col. & Maysv. J u ly ...........
141,330
148,688
21,085
19,441
Pt.Roy.AW
.Car.
May
378,240
334,408
16,064
18,093
d ev .A k ro n A C o . 3d w k May
128,636
155,134
22,951
17,638
J
u
l
y
...........
Q
uincy
O.
A
K.C
CL Cin.Ch.&S.L. 4 th w k J uly 360,853 411,196 6,829,589 7,878,189 K ich.F r’ksb.A P. M ay ...........
297,677
341.393
74,164
63,300
596,343 i 665,443
Peo. & E a s t’n. M ay........... 116.663 142,108
167,998
185,297
32.876
•
29,352
29,439 Rich. A P etersb. J u n e .........
37.763
4,817
3,447
Col. Newb. A L . M a y ....... .
179,461
317.731
5,727
6,304
3d
w
k
J
u
ly
Rio
Gr.
South’n.
914,830 1,328,940
Col. H . V. & Tol. M a y ........... 104,886 243,309
1,337,382
1,136,208
29,000
29.425Ì
Rio Gr. W est’n .. ls tw k Aug
35,128
12.299
OoLShawneeAH 4 th w k Ju ly
65,837
73,380
15,070
12,180'
8,467
12,555 Sag.TuscolaAH. J u l y . . . ---800
2 ,‘ 00
Colusa & L a k e .. J u ly ...........
34,855
38,498
8.943
7,633
5,036
8,241 Sag.Val. A St. L. M a y ...........
753
1,307
C ry sta l............... J u n e .........
720,353
894,596
38,900
38,140
4th
w
k
Ju
ly
S
t
L.
A.
A
T.
H.
351,800
427,074
83,830
66,440
Oumb’ld Valley J u n e .........
15,216
15,916
2,135
1,901
71,008
70,868 St.L .K en’etASo. J u ly ...........
2,021
3,274
C u rre n t B iv e r.. 4 th wk Ju ly
L. S outh w’rn . 4 th w k Ju ly 105,600 102,100 2,223,591 2,742,920
D eny. A Bio Gr, 4 th w k Ju ly 176,800 126,600 3,471,269 4,767,235 St.
740.630
979,29
L
575,046
672,319 St. P au l A D ul’tb J u ly ........... 115,879 151,841
27,195
25,125
D ek L an s’gA N o. 4 th w k Ju ly
681,352
853,256
117,768 146,362
927,429 1,266,799 San Ant. <b A .P Ju n e
57,455
83.013
DuiuthS.S.AAtl. 4 th wk Ju ly
416,394
434,845
15,205
15,546
50,486
106,510 S .F ran. A N.Pac. 3d w k J u ly
8,773
25,345
D a lu th & Winn.. M ay...........
239,943
297,802
35,368
31,988
89,842 2,702,323 3,137,936 8av. Am. A Mon J u ly ....... f.
79,658
E.Tenn.V a.A Ga 3d w k Ju ly
1,360,709
555,896
523,885 Sav.Fia. A West M ay........... 199,492 227,696 1,361,313
62,032
61,805
E lg in . Jcl-A E ast J u l y .___
141,153
141,402
4,212
3,867
3d
w
k
J
u
ly
Sher.Shrev.A
So
21,442
28,218
5,788
8,028
E u re k a Springs. A p r il....
15,352
6,372
33,975
5,500
149,194
209,302 S ilverton............ J u ly ...........
9,453
10.014
E v a n s A la d ’plis 4 th w k Ju ly
62,220
72,810
23,390
17,506
M
a
rc
h
.....
Sioux
City
A
No
56,753
76,836
1.622
1,922
E v an s. A R ich .. 3d wk Ju ly
So.
Pacific
Co.—
601,243
726,519
34,405
30,733
E vtuisv. & T. H. 4 th wk Ju ly
1,635,623
1,850,088
346,429
350,885
M
ay...........
G
al.H
ar.A
S.A
F itc h b u rg ........... J u n e ......... 601,733 709,291 3,175,927 3,664,131
391,368
477,010
67,455
84,880
L ouis’aW est. M ay...........
65,889 1,384,173 1,708,005
54,055
F lin t A P. M ar q.. 4 th w k Ju ly
M organ’sLAT M ay........... 463,556 430,160 2,234,556 2,196,850
76,612
70,264
I I , 260 12.034
F lo ren ce............. M ay ...........
89,836
92,016
17,846
20,571
M
a
y
..;:....
N.Y.T.
A
Mex.
1,203,771
806,470
99,628
F ld.C nt. & Panin J u n e ......... 155,981
643,212
792,113
T ex. A N , O ri.. M a y ... . . . . 121,509 155,723
133,339/ 212,564
23.034
13,119
F t. W. & Rio Gr J u l y ...........
6,434,922
5,866,268
974,824
826,438
•Ju
n
e.........
A
tlan
tic
sys.5.
3,799
6,007
662
886
> Gads. & A tt. U.. J u ly ...........
Pacific system fune . . . . . . 2,560,000 3,038,439 14,826,776 16,726,136
720.904
771,894
24,432
24,287
' G eorgia B B ....... ls tw k Aug
T o ta l of a ll.. J u n e ......... 3,386,438 4,013,263 20,693,044 23,161,058
334,532
242,574
45,532
40,521
G a. Car’la & No J u n e .........
738,672 908,570 3,849,774 4,213,981
Bo. P a c of Ca May....... .
495.905
479,532
73.073
64,838
G eo. Bo. A F la ... J u ly ...........
851,472
891,224
163,410 164,727
So
Pac. of Arii M a y ...__
1,044,976
1,338,843
54,678
59,378
f ir . B ap. A In d .. 4 th w k July
384,674
426,999
77,472
75,061
So P ac.of M M ay...........
217,314
269,271
13,500
10,833
Cin. R. A F t. W. 4 th wk Ju ly
98,091
127,279
17,124
19,387
M
ay...........
S
outh
B
o
u
n
d
...
944
28,0561
35,827
1,395
T rav erse C ity. 4th w k J uly
679,049
587,639
81,195
68,000
58,122
87,116 South Car. A Ga J u n e .........
3,320
3,566
Mus. G. B. & I. 4th wk Ju ly
12,835
5,609
7,743
666
8ouih.ANor.Car
M
ay...........
72,442
75,172 1,348,468 1.731,057
T o tal all lines. 4 th wk Ju ly
55,053
45,924
8,616
10,530
G r a n d T r u n k . . . Wk Aug. 4 338,255 401,450 10,018,663 11,330,165 Spar. Un. A Col. M ay........... l 127,827
456,126
462,617*
116,722
J
u
n
e
.........
S
ta
te
n
Isl.
B
.
T.
46,291
74.188 1.515,848' 1,990,157
Ohio. A G r. Tr. Wk Ju ly 21




AND

RAILROAD EARNINGS.

A u g u st

THE CHRONICLE.

11, 1894. J

BO AOS.
S o u th e rn R y ....
G eorgia P a c ..
C har. C.& Aug.
Col. & G reenv.

L atest E a rn in g s Reported.
Week or Mo

1894.

4th w k Ju ly 239,850
4 th w k Ju ly
39,596
14,022
4 th w k Ju ly
4 th w k Ju ly • 7,908
4 th w k Ju ly 301,376
M ay___
2,330
82,938
J u n e . ..
71,773
J u n e . ..
154,711
J u n e ...
ith w k J u ly 163,893
2,731
J u l y ....
21,260
ls tw k Aug
is tw k Aug
48,836
24,084
4 th w k Ju ly
61,805
4 th wk J u ly
May,___
31,698

1893.

Ja n . 1 to L atest Date.
1894.

210,304 4,850,693
31.00 L 987,918
13,474
378.368
7,320
307,583
262,099 6,524,562
2,762
7,895
110,561
462,286
96,408
409.610
206,969
871,896
167,444 3,372.689
4,717
23,206
599,447
19,493
33,773
879,790
18,952
470,851
59,676
794,097
36,851
136,503

|

4.1K week o f J u ly .

1893.
5,084,240
1,057,023
379,173
291,850
6,812,286
9.036
652,300
553,240
1,205,540
3,756,786
30,867
618,210
1,165,492
533,715
1,042,983
140,359

Tol. S t. L. & K an. C ity ...
W abash...............................
W heeling & L ake E r ie ..

227
1894.

1893.

$
61,805
361,710
42,787

$
59.676
37-3,333
43,584

Increase.
$
2,129

Decrease.
$
Ìl',6 2 3
817

T otal ;65 ro ad s)............. 7,299,504 7,365,637
393,044
4 5 9 )l7 7
N )t d ecrease (0-90 p. o.).
66,133
fltoi^C L & C M t”
Bum m it B ranch.
The
following
will
furnish
a
comparison
of
the
weekly
L ykens Valley
results for a series of weeks past.
T o t’l b o th Go’s
T ex as & Pacific.
W EEKLY GROSS EARNINGS.
Iex.S.V al& N .W
— Changes.Period a n d num ber o f roads 1894.
Tol.A.A.&No.M.
1893.
A m ount.
included.
Tol. <feOhio C ent.
P .c t.
Tol. P . & W est..
4 th w eek of May (31 roads) 8,311,249 10,093,86 7 do 1.782,618 17 ‘66
T ol.S t. L .& K .C .
1 st w eek of J u n e (75 roads) 5,471,365 6,985,066 d e l ,513,701 21-67
2d w eek of J u n e (76 roads) 5,626,603 7,117,460
¡Ulster & D el__
------- -d( e l ,490,852 20-94
3d w eek of J u n e (74 roads) 5,561,553 6,949.839 dc 1,388.286 19-98
Union Pacific—
Un. P ac. R R .. May
1,188,715 ,510,993 5,377,513 8,975,703 4 th w eek of J u n e (75 roads) 7,254,082 9,001,152 d e l,747,070 19-41
Or.S.L. & U. N M a y ........... 423,456 648,202 1,964,293 2,589,370 1 st w eek of J u ly (76 roads) 4,295,726 6,341,485 do2,04 5,759 32-26
O r.R y.& N .C o M a y .......... 246,070 343,567 1,130,414 1,517,549 2d w eek of J u ly (72 roads) 4,522, 204 6,137,405 d e l ,615,201 28 31
U. P ac. D. & G. M a y ....... ..
236,614 356,672 1,107,258 1,668,373 3d w eek of J u ly (31 roads) 5,99 t,946 6,340,895 d ec.848,949 12-41
89,671 143,290
F t.W ’th& D .C . M a y ---- . . .
439.610
640,692 4 th w eek of J u ly (65 roads) 7,299,514 7,365,637 deo.68,133
0-90
fit.Jos.& G d.Is. M a y . . . . . . .
70,681
83,954
356,438
431,991
K an .C .& O m .M ay .
10,213
12,093
51,103
76,797
Net Earnings Monthly to Latest Dates.—The table fol
T ot.S t.J.& G .I. 4 th w k Jk ly
21,802
523,867
22,827
679,012
C e n t.B r...........M a y .. . . . . .
38,116
39,431
184,335
215,567 lowing shows the net earnings reported this week. A full
Ach.COl.&P. ) Tyrav
35,210
41,053
166,156
247,603 detailed statement, including all roads from which monthly
A ch.J.C .& W $ M ay...........
returns can be obtained, is given once a month in these
M o n tan a U n .. M a y ...........
34,804 101,833
150,788
323,077
M an.A l.& B ur. M ay...........
3,998
5,085
18,490
18,269 columns, and the latest statement of this kind will be found
G r’d total.* c M a y ........... 2,533,221 ,454,118 LI,779,988 15,843,516 in the C h r o n i c l e of July 21. The n e x t will appear in the
W a b a sh . . . . . . . . . 'ith w k J u ly 361,710 373,333 6,101,097 7,684,842 issue of August 25, 1894.
W aco & N orthw . ¡M ay...........
11,623
15,824
67,227
81,981
■---- dross E a rn in g s.-----, — Eel E a rn in g s.— -,
W est J e rs e y ....... 'J u n e .......... 141,264 168,888
674.369
772,926
1894.
1893.
1894.
1893.
W .y.Cen.& P itts M a y ...........
56,717 105,606
372,560
455,421
ifQ
s
$
$
$
W est Va.& P itts. M a y ...........
34,256
39,300
147,681
156,259
Ches.
O.
&
So’w
n
.b
...J
u
n
e
147,974
175,253
57,411
58,003
W e ste rn of Ala.. M a y ...........
39,447
33,436
205,854
195,727
J a u . 1 to J u u e 3 0 ....
9 )7 ,9 1 2 1,161,605
2 35,661
405,751
W est. M aryland. J u n e ......... 106,863 105,998
532,274
556,570
W est. N. Y. & P a. 13d w k 2 u ly
76,700
69.000 1,535,918 1,998.600 Chic. M. & S t.P .a ....J u u e 2,383,942 2,904,971
960,464 1,058,905
Wheel. & L. E rie 'ls tw k A ug
28,295
J a n . 1 to Ju n e 3 0 ....1 3 ,6 7 8 ,2 7 5 16,210,364 4,640,963
________ 4,855,727
____
656,341
28,465
908,336
Wil. Chad.&Con. M a y ...........
2,070
1,739
9,354
9,693
J u ly 1 to J u n e 3 0 ___31,327,931 35,743,428 11)213,618 12)030)485
Wil. Col. & Aug. M ay...........
36,383
44,500
250,784
291,872 Den. & R. G rande.to. J u n e
501,868
747,189
158,848
316,007
4,490
W rightsv.& Ten. 'J u n e .........
7,174
36,143
37,216
J a n . 1 to J u n e 3 0 , . . . 3,052,569 4,308,435 1,141,969 1,778,219
J u ly 1 to Ju n e 30L ... 6,476,044 9,317,647 2,503,493 4,035,562
t In c lu d e s M ilw aukee & N o rth e rn fo r a ll periods.
* F ig u re s given do n o t include L eav en w o rth T opeka & S outhw estern. E disonE l.Il.C o.,N .Y ..Jnly
80,874
86,648
39,728
33,498
a F ig u re s co v er only t h a t p a r t of m ileage lo cated in S outh C aro lin a
J a n . 1 to J u ly 3 1 . . . .
774,402
690,729
415,372
315,800
ft In c lu d e s earn in g s fro m fe rrie s, etc., a o t given se p ara te ly , i M exi Ed. El. HI. Oo., Bklyn. . Ju ly
2 7 ,139
18,257
8,057
4,081
c a n cu rren cy , c In clu d es only h alf of Hues In w hich U nion P acific h as
J a n . 1 to J u ly 3 1 ....
214,019
171.838
91,234
71,599
a h a lf in te re st, d In clu d es Ohio & M ississippi in b o th y ears, e E s ti
243,009
186,158
41,742
52,824
m a te b ased on q u a rte rly re tu rn s , f I n J u n e , 1894, Mil. L ake Shore & F lin t A P e r e M a r .a .. Ju n e
J a n . 1 to J u n e 3 0 .... 1,204,374 1,482,013
314,515
3 40,754
W e s te rn in clu d ed , b u t n o t fo r 1893. P rev io u s m o n th s th is ro a d in 
c lu d e d in b o th y ears.
82,339
80,892
G e o r g ia .a ............ .. . J u l y
*14,553
*3,713
Ja n . 1 to J u ly 3 1 ....
696,472
747,6.07 *171.638 *116,100
Latest Gross Earnings by Weeks.—The latest weekly earn Illinois C e n tral, a ..J u n e 1,337,336 1,952,405 1 1 2 57,003 793,770
J a n . 1 to Ju n e 3 0 .... 8,517,325 9,900,830 ■5 ,028,406 2,948,133
ings in the foregoing are separately summed up as follows:
J u l v l to J u n e 3 0 ....2 0 ,6 5 7 ,4 6 4 20,095,19013 288,048 5,811,256
Our preliminary statement of earnings for the fourth week K an.C
. M e m .& B .a ..Ju n e
74,505
79,785
6,648 def. 5,535
•of July covers 65 roads and shows a loss of 0'90 per cent.
Ja n . 1 to J u n e 3 0 ___
499,277
517,283
59,061
69,929
J u ly 1 to J u n e 3 0 ___ 1,077,847 1,168,948
182,040
179,757
1894
132,838
Mex. I n te rn a tio n a l..J u n e
179,245
4fh week o f Ju ly.
f 31,734
1893.
Increase. Decrease.
71,874
J a n . 1 to J u n e 3 0 .... 1,062,363 1,069,283
457,749
304,170
Minn. & St. L o u is.a .. Ju n e
125,702
33/09
168,547
49,638
$
$
$
9
J a n . 1 to J u n e 3 0 . . . .
783,314
859,708
261,185
262,512
168,961
175,13Í f>
B a lt. & Ohio S ou thw est.
6,178
Ju ly 1 to Ju n e 30 . . . 1,708,871 1 974,498
656,412
706,812
27,628
30,211
B rooklyn E le v ated ..........
2,583
<&St. L o u is .b —
94.91U
'Buffalo Roch. & P itts b ’g.
102,35Í
7,448 N. Y.ACh.
pr. 1 to Ju n e 8 0 .... 1,210,072 1.511,213
171.231
268,265
83,329
79,654
B u rl. Ced. R ap. & N o rth .
3,675
Ja n . 1 to J u n e 3 0 .... 2,538,075 3,144,328
322,779
585,005
469,000
•Canadian Paeifio..............
565,000
*96,000
305,087 1 273,437
N. Y. O nt. & W est.a.. J u n e
379,86 3
374,198
125,324
C h esap eak e & O hio.........
31,650
110,572
105,911
J a n . 1 to Ju n e 3 0 .... 1,746,961 1,80),981
461,593
Chicago & E ast. Illinois.
98.948
6,963
368,230
100,244
J u ly 1 to Ju n e 3 0 ___ 3,842,120 3,638,174 1,109,579
Chicago G re a t W estern..
91.635
8,60s
889,948
695,493
Chicago Milw. & St. P aul.
781,518
86,025 Ohio R iver.to............ J u n e
65.82S
53,036
15,895
23,515
25,161
Chic. P eo ria & St. L ouis.
19,114
6,047
J
a
n
.
1
to
J
u
n
e
30
___
299,281
3
73,508
99,934
125,381
38,115
C hicago & W est M ichigan
49,689
11,574 Oregon Im p. C o .a__ Ju n e
309,353
328,714
39,951
44,436
20,243
G in. Ja c k so n & M ackinaw
18,738
1,505
J a n . 1 to J u n e 3 0 .... 1,805,8)9 1,316,411
261,934
303,378
360,853
d e v . Cin. Chic. & St. L ..
411,196
50,343
Deo. 1 to Ju n e 3 0 . . . . 2,086,836 2,118,056
324,922
306,665
35,128
Col. S and’sky & H ocking.
12.299
22,829
3,274
P hiladelphia & E rie . J u n e
313,69 3
553,591
2,021
212,973
65,960
C u r r e n t R iv e r...................
1,253
176,800
847,690
D en v er & Rio G ran d e.. ..
Ja n . 1 to Ju n e 3 0 . . . . 1,697,943 2,550,039
126,600
50,200
411,863
25,125
D e tro it L an s’g & N o rth ’n
27,195
2,070 Quin. Om.& K. C .b .Ju ly
4 ,594
1,445
17,638
22,951
57,455
D u lu th So. S to re & A tl.J
83,013
25,558
33,421
155,134
Ja n . 1 to J u ly 3 1 ....
128,638
36,828
9,453
10,014
■Evansv. & In d ian apolis..
561
171,130
83,474
43,011
219,338
30,733
E v an sv . & T erre H a u te ..
34,405
3,672 Rio G rande W est.to .Ju n e
Ja n . 1 to Ju n e 30. ..
958,353 1,111,012
366,961
265,108
54,065
65,389
F lin t & P e re M a rq u ette..
11,834
72 4,304
J u ly 1 to J u n e 3 0 __ 2,101,319 2,496,433
893,316
29.191
G e o rg ia ...............................
25,183
4,008
5 4 ,6 /8
18,873
23,440
G ra n d R ap id s & In d ia n a .
143,362
59,378
117,763
4,700 San A nt. & Aran. P ..J u n e
13,500
10,833
38,444
Ja n . 1 to J u n e 3 0 ....
681,352
C in cin n ati R. & F t. W ..
79,206
1:53,256
2,667
944
T rav erse C ity.................
1,395
451 S o u th ern Pacific—
3,320
M usk. Gr. R ap. & In d .
3,566
246
204,579
160,717
A tlantic s y s .b .......Ju n e
826,438
974,324
328,3 >3
G ran d T ru n k of C anada.
390,170
61,777
J a n . 1 to J u n e 30 . . . 5,836,268 6,43 4,922 1,343,679 1,692,500
17,228
In d ia n a D eca tu r & W est.
ll,S 7 o
5,352
1,164,961
878,000
3,018,439
Pacific
s
y
s
te
m
.b
..J
u
n
e
2,560,000
76,593
I n te r n ’l & Gt. N o rth’n . . .
93,305
16,712J a n . 1 to J u n e 3 0 ..14,826,776 16,726,138 4,982,681 5,818,458
38,078
Io w a C e n tra l.....................
37,611
467
11,19 7
K an aw h a & M ich igan.. . .
8,656
2,541
T otal of a ll.to ...J u n e 3,383,433 4,013,263 1,033,717 1,369,540
8,413
K an. C ity Clin. & Spring.
5,433
2,980
J a n . 1 to J u n e 3 0 ..20,693,044 23,161,053 6,326,360 7,510,958
1 03,6)1
K an . City F t. S. & M em ..
95,024
8,667
30,800
Tenn. Coal I. & R R ..Ju n e
..................................
11,547
K an . C ity P ittsb . & G ulf.
7,154
4,393
285,500
Ja n . 1 to J u n e 3 0 ................ ...............................
9,594
K an . C ity Sub. B e l t . . . . . .
8,89 J
704
214,300
Feb.
1
to
J
u
n
e
3
0
.
.
.
................
.
.
.
.
____
10,004
K eokuk & W e ste rn .........
1,315
8,689
7 ,3 9 4
1,799
W hitebreast F uel Co. Ju n e
.............
.............
102,130
L ak e E rie & W e s te r n ....
93,785
8,345
83,445
3l,llu
J a n . 1 to J u n e 3 0 . . . .
......... .
44,001
L ouisv. E v an sv . & St. L
43,696
305
120,896
J
u
ly
1
to
J
u
n
e
3
0
.......................
........................
129,336
515,655
517,404
L ouisville & N ash v ille ...
1,749
87,680
L o u isv ille N. A. & C hic..
93,135
5,455
a N et e arn in g s h e re g iven a re a f te r d ed u ctin g ta x e s ,
14,158
L ouisville St. L. & T ex as.
16,097
1,939
to N et e arn in g s h e re given a re b efore d ed u ctin g ta x e s .
20 .,23t>
191,529
M exican C e n tra l..............
9,707
* Includi ig o th er incom e, n e t fo r J u ly w ts $44,933, a g a in s t $20,916,
94,576
M ex ican N a tio n a l..........
106,896
12,320
an d from Ja n u a ry 1 to Ju ly 31 $263,44 4, ag unsd $164,679.
262,884
Mo. K an sas & T e x a s.......
66,203
196,681
656,29.)
M o. Pacific & Iro n M t__
617,370
38,925
122,955
Interest Charges and Surplus.—The following roads, in
N ew Y ork O nt. & W est’n .
134,915
11,960
201,636
N orfolk & W estern ._____
178,772
22,364
addition to their gross and net earnings given in the foregoing,
13,597
Ohio R iv er.........................
16,851
3,254 also report charges for interest, &c., with the surplus or deficit
27,132
26,486
P eo ria Dec. & E v a n s v ...
646
63,152
P itts b u rg & W estern.......
80,144
16,992 above or below those charges.
239,850
R ichm ond & D a n v ille ...
210,304
29,546
r—Inter't, rentals, <6c.-~, r-B al. o f Net E arn s.39,596
G eò rg ia P acific......... .
31,001
8,595
1893
1894.
1894
1893.
14,022
C har. Col. & A ug...........
13,474
548
$
Roads.
$
$
$
7,908
Colum bia & G re e n v ....
7,320
538
96,029
219,978 d3f.39.190
D
enver
&
Rio
Gr*de.
Ju
n
e
196,038
70 950
B io G ran d e W estern ....... I
68,400
2,550
1,402,309
2,633,253
87,662
J u ly 1 to J u n e 3 0 ___ 2,415,831
21,802
St. J o s e p h & Gd. I s la n d ., j
1,025
22,827
4 ,2 3 8
48,536 def. 9,453
P e re M a rq .. J u n e
51,195
38,140
S t. Louis A lt. & T, H au te. |
38,900
760 F lin Jt a&
41,896
298,353
4,403
n . 1 to J u n e 3 0 . . . .
310,207
105,600
fit. Louis S o u th w este rn ..I
102,100
3,500
163,893
39,103 def.33,321 d ef.41,643
39,969
T ex as & P acific................
167,444
3,551 K an. C. Mem. & B ir..Ju n e
30,96 L
460,677 d f.297,590 df.2 8 0 ,9 2 0
479,630
J u ly 1 to J u n e 3 0 ___
T o l.A n n A rbor & N .M ich.
24,956
6,005
66.000
T oledo & Ohio C e n tra l...
44,369
21,631
.
. . . . . . . def.23,900
.............
Tenn.C oal I. & R R ...Ju n e
59,700
24,084
18,952
5,132
Toledo P e o ria & West’n .. I
.............
............. def. 34,2 00
.............
Feb. 1 to J u n e 3 0 ...y
293,500




/

,228

THE CHROJNiCJLE

[ V o n . J_iX ,
INCOME ACCOUNT.

ANNUAL REPORTS.

Receipts—
N et e a r n in g s ....
In v estm en ts, e tc

1890-91.
$
9,502,668
259,585

1891-92.
$
11,085,834
317,736

1892-93.
$
10,416,594
767,635

1893-94.
$
11,078,252
431,673

San Francisco & Northern Pacific Railway.
( For the year ending June 30,1894.)
9,762,253
11,403,570 11,184,229 11,509,92&
T o ta l.................
Disbursements—
Mr. A. W. Foster, the President of this company, says in
In
te
re
s
t
on
d
t
b
t
.
5,880,390
6,072,960
6,204,319
6,875,232
his report that no expenditnres have been charged to capital D iv id e n d s........... 3,445,804
3,675,735
3,906,562
3,906,594
account during the year. Considerable work of a betterment Sinking f u n d ___
201,3 e l
410,425 . . . . .200,200
327,150
.........
.........
222,870
.........
nature has been done, but the more conservative policy of Mil’k ’e Are a c c t..
charging all the cost of same to operating expenses has been
T otal disb’m ts.
9,527,495 10,159,120 10,533,951
1 1 ,1 0 8 ,9 7 6
pursued. “ Considering the wide spread business depression B alance, s u r p ...
234,758
1,244,450
650,278
400,949
during the past year, the section traversed by your lines
could not but be affected. While the gross earnings for the
* 6 p e r ce n t on com m on an d 7 on preferred .
fiscal year were $67,940 less than the preceding year, the
operating expenses were reduced $40,703. The latter result
Kansas City Fort Scott & Memphis RR.
was accomplished by the introduction of general economy
(For the year ending June 30, 1894.)
in the various branches of the service, notwithstanding the
fact that it was found requisite to increase both ferry and
In advance of the pamphlet report, the following figures are
train facilities.” * . * * “ The steamer Tiburon, burned at given out. The statement includes the Kansas City Clinton
the San Francisco slip January 1st, 1898, was almost entirely & Springfitld and Current River railroads. •
re-built, electric lighting and other improvements were added,
1893.
1894.
Inc. or dec. in ’94and the steamer is now in every respect one of the best ferry G ross e a rn in g s........................$5,661,307 $4,890,017 dec. # 7 7 1 ,2 9 0
O
perating
e
x
p
e
n
s
e
s.
............
4,161,296
3,451,983
dec. 709,313
boats on the bay. The Tiburon re-entered service July 30tb,
1893, and the cost of reconstruction, in excess of insurance E x. p. c. of e a rn in g s............... (73-50)
(70-59)
dec. (3-09)
received, was $38,274 73, which amount has been charged to N et e arn in g s............................. $1,500,011 $1,438,034 dec. $ 6 1 ,9 7 6
Deduct —
net revenue account. During the year the physical condition
in te re s t p a id ..
$12,008
$30,134
inc. $18,126
of the track and roadway has not only been carefully main CMhiscellaneous
a rg es............................ . . . . 1,337,987
1,339,667
inc.
1,679
tained, but much work of a betterment character has been P ref. 5 p e r cen t d iv id e n d ___ 137,490
dec.
137,490
done in the matter of new side tracks, stations and turn
T o ta l......................................$1,487,485 $.1,369,801 dec. $117,684
tables. Such extraordinary expenses might not unfairly have
$68,232
inc. $55,708
been charged to capital expenditure, but your management S u rplus........................................ $12,524
eq u ip m e n ts............
$37,500
$28,635 dec.
$8,865
deemed it more advisable to charge the entire cost to operat FF oorr new
ro ck b a lla s t........................
82,961
65,771 dec.
17,190
ing expenses.”
The statistics for four years have been compiled for the
C h r o n i c l e as follows:

GENERAL INVESTMENT NEWS.

EARNINGS, EXPENSES AND CHARGES.

M iles o p e ra te d ..................
D arnings —
P a ss e n g e r...........................
F re ig h t................................
M ail, ex p iess an d m iscel.

1890-91.
162
$
416,479
362,835
53,334

1891-92.
165
$
433,090
399,259
54,123

1892-93.
165
$
431,501
389,874
54,902

1893-94
165
$
408,282
350,* 86
49,368

T o ta l..............................
Op. ex p en ses & ta x e s ___

832,648
544,463

886,472
575,052

876,277
579,262

808,336
542,940

N et e a rn in g s.....................
D educt—
I n te re s t on b o n d s .............
Sinking f u n d ....... .............
M iscellan eo u s...................

288,184

311,420

297,015

265,396

206,633
25,000

205,412
25,000

210,270
15,000

203,463
25,000
9,848

T o ta l..............................
B a la n ce, su rn lu s..............

231,633
56,551

230,412
81,008

235,270
61,745

243,311
22,085

GENERAL BALANCE JUN E 30.
1891.
1892.
1893.
1894.
A iatp.f.s—
$
$
$
$
K o a d a n d eq u ip m en t___10,327,193 10,375,982 10,437,096 10,437,096
M aterials,& c., on h a n d ..
42,319
36,543
40,386
46,009
F u n d to red eem b o n d s...
25,610
26,397
25,528
25,165
Ca6h an d m iscell. a c c ts ...
25,158
103,062
93,000
81,541

T otal a s s e ts .................10,420,280 10,541,984 10,596,010 10,589,811
C apital sto c k ..................... 6,000,000
6,000,000 6,000,000 6,000,000
B o n d e d d e b t................. . . . 4,150,000 4,124.000 4,188.000 4,162,000
S inking f u r.d p a id ............
50,000
7b,000
102,000
128,000
B ills p a y a b le ....................
30,507
............................................... .
Supplies, pay-rolls, & c...
56,861 188,154
88,924
98,976
A nglo-C alifornia B a n k ..
59,452
........................................................
M iscellan eo u s............ : . . .
1,543
906
2,417
2,356
N et rev en u e a c c o u n t....
71,917 152,924
214,669
198,480
T o tal liab ilitie s..........10,420,280 10,541,984 10,596,010 10,589,812

Chicago & Northwestern Railway.
(For the year ending May 31,1894.)
The full report of President Hughitt will be found on
another page.
From early copies of the annual report the figures below
have been made up, but the balance sheet and some other
figures are yet wanting and will be given hereafter.
The comparative tables for four years, compiled for the
C h r o n i c l e , are as follows, including in 1893-4 the Mil. L. S.
& West, from Sept. 1.
OPERATIONS AND FISCAL RESULTS.

1890-91.
1891-92.
1892-93.
1893-94.
Miles bp.M ay 31
4,273
4,273
4,273
5,031
Operations—
P a ss’ger c a r’d . 13,184,829
15,018,223
17,191,075
17,082,400
P a ss’g’rm ile ’ge 309,212,070 336,878,416 382,762,647 474,140,833
B ’te p .p a s.p .m .
2-17 cts.
2 17 cts.
2 08 cts.
1-95 cts.
F h t (t’n8) m ’vd 13,616,872
15,337,758
16,123.679
12,949,382
F h t. (t’ns) m ’g e l9 5 0 ,037,071 2246.302,541 2290,757,296 1989,355,696
B ’te p .to n p .m .*
1-03 cts.
1-02 cts.
1-02 cts.
1-07 cts.
D arnings—
$
$
$
$
P a sse n g e r.........
6,700,351
7,298,880
7,956,440
9,226,467
F r e i g h t............
19.829,341
22,788,423
23,377,715
21,2«4,929
M ail,exp’ss,&c.
1,263,982
1,334,969
1,375,592
1,474,786
Tot. e a r n s .. 27,793,674
■ Dxpenses—
3,353,694
M aint’ce of w ay
“
cars, &c.
2,855,480
T ran s. & m iscel. 11,227,355
T a x e s.................
854,476

31,422,272

32,709,747

31,986,187

3,920,697
3,164,548
12,323,031
928,162

4,471,160
3,386,053
13,433,750
1,002,190

■ 19,867,628

T o ta l................
N et e a rn in g s__
P .c .e x p .to e a rn .

20,336,438
11,085,834
64-72

22,293,153
10,416,594
6815

20,907,930
11,078,252
65-37

18,291,006
9,502,668
65-81

* On p ay in g freig h t only.




1,040,302

Atchison Topeka & Santa Fe.—A meeting of the reor
ganization committee was held on the 9th and the report of
Mr. Stephen Little, the expert accountant, was submitted.
The answer of President Reinhart was read, and Mr. John J.
McCook, one of the receivers, also made a statement. All of
these documents, as well as the remarks of Mr. Little in reply
to Mr. Reinhart’s answer, will be found at length on subse
quent pages of the C h r o n i c l e .
The statements of Messrs. Little and Reinhart were referred
to a committee, with power to act; this committee consisting
of Chairman R. S. Hayes, Mr. Fleming, of the London com
mittee, and Mr. Luden, of the Amsterdam committee. Their
decision will be awaited with much interest.
The general reorganization committee gave notice on
Friday that the committee’s expert is continuing his investi
gation of the company’s accounts, which, when completed,
will be made public, and that in the meantime further action
with reference to the plan of reorganization is deferred.
Late on Friday also President Reinhart sent in his resignation.
—The United States Circuit Court, at Topeka, Kansas, has
authorized a further issue of $750,000 receivers’ certificates to
pay taxes and certain other expenses. The previous authori
zation of $250,000 was for overdue wages to employes, and
the present issue will make the whole amount thus far au
thorized $1,000,000.
Baltimore & Lehigh.—-The Baltimore & Lehigh Railroad
in Pennsylvania, running from York to Delta, a distance of
forty-one miles, was sold on the 6th. It was knocked down
to G. A. Wilson, of Baltimore, for $45,000, subject to a judg
ment for $281,000 issued by Warren F. Walworth, of Cleve
land, O. The purchase, it is rumored, is in the interest of the
Baltimore & Ohio Railroad.
Carolina Central.—The committee of the first mortgage
bondholders of the Carolina Central Railroad Company is to be
permanently constituted with nine members, of whom five are
from Baltimore and four from New York. They have author
ity to treat with the Seaboard & Roanoke Company and to
call for deposit of bonds. It is understood that propositions
for a settlement have been discu-sed between the company
and the committee, and the probability is that a definite basis
will soon be reached.
Chicago Milwaukee & St. Paul—Des Moines Northern
& Western.—The Chicago Milwaukee & St. Paul has acquired
a controlling interest in the Des Moines Northern & Western.
The road runs from Des Moines to Boone, Iowa, 42 miles,
crossing the St. Paul at Madrid. Another branch runs from
Des Moines to Fonda, 114 miles, crossing the St. Paul at
Herndon. The road will continue to be operated independ
ently under a contract with the St. Paul for a division of
earnings.
Cleveland & Canton.—Messrs. Austin Corbin, Charles A
Peabody, Jr., and Henry L. Thornell, owning and rep
resenting a large number of the 5 per cent bonds of
this company, have been for some time acting as a
committee to protect the interests of the bondholders. The
interest due July 1, 1894, being now in default, this committee
deems it of importance that the mortgage should be f oreclosed
without delay, and to that end a circular setting forth the
plan and a bondholders’ agreement are in course of prepar
ation.
>
rW For other Items of Investm ent News see page 234.

A ug u st

THE CHRONICLE

11, 1894.]

229
EARNINGS.

^tpoxts nnä Motumznts.

Compared with the preceding year the gross earnings fell
off $723,564*86, resulting from the heavy decrease in freight
traffic, especially in tonnage of iron ore, and in the loss of
C H I C A G O & N O R TH W E S T E R N R A ILW A Y . business occasioned by the curtailment and, in some instances,
total suspension of numerous industries established upon or
contiguous to the company’s lines, and also in the diminished
ANNUAL REPORT FOR THE THIRTY-FIFTH FI3CAL movement of general merchandise, manufactured articles,
and of the products of the farm, forest, workshop and mill,
YEAR ENDING MAY 81, 1894.
consequent upon the financial and commercial disturbances
and general depression, which were wide-spread throughout
The following report of the operations and general affairs the country for the greater part of the year.
A review of the traffic shows :
of the Chicago & North Western Railway Company for the
A decrease in F re ig h t E arn in g s of ................... ...................$2,092,785 77
fiscal year ending May 31, 1894, is respectfully submitted :
M ILES O F ROAD O PER A TED .
M iles in o p eratio n a t com m encem ent of y e a r............................... 4,273*07
M iles ad d ed S eptem ber 1st, 1893 (A shland D ivision, fo rm erly
M ilw aukee L ake Shore & W estern Ry.) o p erated nine m o nths
a s p a r t of th e Chicago & N orth W estern R ailw ay.................
757 71
T o ta l M iles M ay 31st, 1894............................. ................. .

...5,030*78

making an average of 4,841*35 miles operated the entire year,
and constituting the mileage covered by this report.
G E N ER A L RESULTS.
G ro ss E a rn in g s.............................
$31,986,182 29
O p eratin g E x p en ses, T axes, I n te re s t a n d Sinking
F u n d s ....................
27,678,638 73
N et In c o m e ...................
A m o u n t o t D ividends....... .............................................

$4,307,543 56
3,906,594 00

S u rp lu s.................................................

$400,949 56

The items were as follows :
GROSS EARNINGS.
P a sse n g e r E a rn in g s .............................
$9,226,466
F re ig h t. E a rn in g s .......................................... 21,284,929
E x p re s s E a r n i n g s .....................
472,153
M a ilE a rn in g s ........................
714,095
M iscellaneous E a r n i n g s ....... ..............
288,537

90
08
53
15
65
$31,986,182 29

CHARGES AGAINST INCOME.
O p eratin g E x p en ses (62tijoo p e r c e n t) ..$19,867,627 50
T ax es (326i00)................................................. 1,040,302 28
20,907,929 78

On the other hand, passenger business was abnormally
stimulated, and the earnings therefrom exceptionally increas d, by the large out-pouring of World’s Fair travel dur
ing the season of that Exhibition at Chicago.
T he increase in P assenger E arn in g s w a s......... ................... $1,270,027 22
53,116 65
T he increase in E x p ress E arn in g s w a s......... .......................
T he increase in Mail E arn in g s w a s ............ ............................
50,319 61
T otal of item s of in c re a se ................ ................................. $1,373,463 48

The difference between these amounts constitutes the loss
in gross earnings, $728,564 86.
OPER A TIN G E X PE N SES AND F IX E D CHARGES.

Continuing the comparison, there was a decrease in operat
ing expenses of....................... .......................... ..$1,423,335 84
and an increase in other charges, chiefly for
nine months’ interest on M. L S. & W. bonds,
sinking fund and taxes, as follows :
In cre ase in T a x e s............................................... $38,112 42
In c re a se in In te re s t on B onds a n d In te re s t. 656,874 96
In cre ase in Sinking F u n d s .............................. 126,950 00
-----------------

821,937 38

N et saving in all charges....................................................

$601,398 46

NET SURPLUS.
The S urplus E arn in g s fo r th e y e a r ending May 31st, 1893,
w e r e ..................... . ................................ ..................... ................ $373,148 46
The sam e fo r th e y e a r en d in g May 31st, 1894, w e re ........... 400,949 58
D ecrease in s u rp lu s .................................................................. $472,198 90

Accounted for as follows :

431,672 86
$6,443,558 95
327,150 00
6,770,708 95
N et E a rn in g s ....... ................................. ................ ..............$4,307,543 56
D ividends on 8 t o c k .................. ..................... ..................... .
3,906,594 00
L eav in g S u rp lu s......... ............. ........................................ .

T otal decrease f r om th ese item s ..................... I ............. $2,097,028 34

This saving in yearly expenditures offsets an equal amount
of loss in earnings, and reduces the comparative loss from
$723,564 86 to $122,166 40 for the year.

N et over O p erating an d T a x e s ................................. ..$ 1 1,078,252 51
I n te r e s t on B onds an d I n te r e s t................ $6,875,231 81
FjP^ss ClrpHifa •
F ro m In ts t. an d E x c h a n g e ...$ 55,072 86
F ro m In v e stm e n ts.................. 376,600 00

Sinking F u n d s........................>......................

4,242 57

A nd a decrease in M iscellaneous E arn in g s o f.....................

B y C om parative Loss of E arn in g s as above . . . ....................$122,166 40
B y D ividend receiv ed in p receding y e a r upon M. L. S. & W.
Ry. S tock (none i eluded p resen t year) ................... .......... 350,000 00
By ad d itio n to D ividend acco u n t of C. & N. W. R y. Co. since
p reced in g y e a r .............................................................................
32 50
T o ta l........................................................ ................ . . .................... $472,198 90
MILES O F ROAD. *

$400,949 56

Excepting the addition of the Milwaukee Lake Shore &
The net profits of the Fremont Elkhorn & Missouri Valley Western Railway there was no increase in mileage during
Railroad, operated as a separate property, were $65.544 62, the year. That railway added 757 71 miles, including 60*02
which amount, added to the above, makes a total surplus of miles of leased road, making the aggregate of all lines in the
$466,494 18.
system 5,030 78 miles, as follows :
COM PARATIVE
For 1894.
4,841*35
Average Miles.
P a ss e n g e rE a rn in g s $9,226,466 90
F re ig h t E a rn in g s .. 21,28*,929 06
E x p r e s s E ir n in g s ..
4 7 2 ,1 5 * 5 3
M ali E a rn in g s .........
71*.095 15
M iscellaneous . . . . .
288,537 65

STATEMENT.
For 1893.
4,273 h*7
Average Miles
Difference.
$7,956,439 63 Inc. $1 ,*¿70,*>27 22
23,377,714 83 Dec. 2,092 785 77
419.036 88 Inc.
5 3 ,1 1 6 6 5
663,775 54 In c.
50,319 61
292,780 22 Dec.
4,242 57

T o ta l....................$31,986,182 29 $32,709,747 15 Deo. $723,564 86
G ro ss E a rn in g s, 1 8 9 4 ..................................................... .....$ 3 1 ,9 9 6 ,1 8 2 29
G ro ss E a rn in g s, 1 8 9 3 ........................... ..................... .
32,709,747 15
D ecrease 22i 100 p e r c e n t......... .......................... ........ . . .

$723,564 86

O p eratin g E x p enses, 189 4 .......................... .......................... $19,867,627 50
O p e ra tin g E x p en ses, 1893................................................. .
21,290,963 34
D ecrease 6hSi00 p e r ce n t ................................................ $1,423,335 84
T ax es, 1894 . . . . ............................................................. ......... $1,<*40.302 28
T ax es, 1 8 9 3 .................................................... ................ .
1,002,189 86
In c re a se 380100 p e r e e n t........... ........................................

$ 18,111 42

N et In te re s t on Bonds, 1894.............. ............................ . . . $6,443,^53 95
N et In te re s t on B onds, 1893 ........................................
5,786,683 99
In c re a se 113510o p e r c e n t....................... ...................... ...

$656,874 96

S in k in g F u n d s, 1894 . . . . . ................................. ....................
Sinking F unds, 1 8 9 3 . . . . . . ........... ........................................

$ 127,150 >0
200,200 00

In c re a se 634iioo p e r c e n t . . . ............................................

$126,950 00

N e iR ev en u e, 1 89 4 ....... ..................................................... .
$4,307,543 56
R evenue, 1 89 3 ..... ............................... ............................ 4,7 7 9 ,7c9 96
D ecrease 987100 p er c e n t................. ................................




PROPRIETARY LINES INCLUDED.

3,842-31

W inona & St. P e te r.................................................................448*48
D ak o ta C e n tra l........................................ ...........— .............. 723 93
P rin c eto n & W estern ................................................................ 16*06
---------- 1,188*47
T otal Miles M ain T r a c k ..............................................

5,030*78

The average number of miles operated during the entire
year was 4,841*35.
Total miles of main track laid with steel is 4,615*07, or
91 74-100 per cent, and the total of second track 386 48-100
miles, all laid with steel.
The whole amount of track in the system is,:
M iles of Main Line. .......................................................... 5,030*78
Miles of Second T ra c k ............................................... ......... 386 48
-------------5,417*26
Miles of Side T ra c k s ............ ............................... .......................... 1,624*57
G ran d T o t a l . . . . . . . . . ...................................... . ......... .............. . 6,941*83

Acquired with the Milwaukee Lake Shore & Western Rail
way were also 35*35 miles of spur tracks leased to manufac
turing companies that are not iuciuded in the above states
ment.
CA PITA L STOCK.

The amount of capital stock on May 31, 1894, was $68,726,320 53, being an increase oi $1,000 each of common and pre
ferred stock issued during the year for conversion of Penin
sula Bonds.
The account is as follows:
Com m on Stock and Scrip o u ts ta n d in g ..$39,054,907 89
P re fe rre d Stock a n d Scrip o u ts ta n d in g .. 22,335,170 00

$ 4 7 2 ,1 6 6 4 0

D ividends, 1894.................. .................................................... $8,906,594 00
D ividends, 1 8 9 3 ....,.............................................................. . 3,9od,561 50
In crease.

Chicago ¿fe N o rth w estern ................ ............ .......................3,782*29
Chicago & N o rth w estern (leased r o a d ..........................
60*02

Com. S tock an d Scrip ow ned by th e Co. $$2,332,958 08
P re f. Stock a n d Scrip ow ned by th e Co.
3,284 56

$61,390,077 89

2,336,242 6 4

$32 50
T otal

$63,726,320 53

THE CHRONICLE.

230
Su m m a r y .

T o ta l of Common Stock and S crio ................... .....................$41,337,865 97
T o ta l of P re ferred S tock an d S c r ip ....................... -............ 22,338,454 56
$63,726,320 53
FU N D ED DEBT.

During the year the total amount of bonds canceled was
$851,000, and the total amount of all bonds issued was $804,000, making a reduction of $47,000, as the result of these
changes, as follows :
B o n d s R e t ir e d

and

Ca n c e l e d .

C edar R ap. & Mo. R iv er 2d Div. 1st M ort., 7 p e r c e n t B onds$579,000
C. & N. W. 5 p er cen t Sinking F u n d B onds of 1879................... . 132,000
P e n in su la RR. of M ichigan 1 st M ortgage B o n d s................. . . .
2,000
M. L. S. & W. R ’y E q u ip m en t of 1885 B onds ............................ 93,000
M. L. S. & W. R ’y H urley & O ntonagon B o n d s...................
25,000
M. L. S. & W. R ’y C onvertible D ebenture B o n d s....................... 20,000
$851,000
B onds I ssued.

C. & N. W. R ’y, Io w a D ivision, 4 ^ p e r ce n t 1 st M o rtg ag e....... $582,000
C. & N. W. R ’y Consol. S inking F u u d E o n d s.................................
2,000
C. & N. W. R ’y D eb en tu res of 190 9 .....................................
200,000
M. L. S. & W. E x te n sio n an d Im p ro v em en t B o n d s.................... 20,000
$804,000
N et D e c re a se .................................. .— m .................. ............... $47,000

Daring the year, also, the company assumed the indebted
ness of the Milwaukee Lake Shore & Western Railway
Company, and on September 1, 1898, the following outstand
ing bonds of that company were taken up on the books of
the Chicago & Northwestern Railway Company and entered
as a part of its obligations.
B on ds A ssu m ed .
ISSUED BY MILWAUKEE LAKE SHORE & WESTERN RAILW AT COMPANY.

C onsolidated 1st m o rtgage b o n d s........................................... $5,000,000
1,281,000
M ichigan D ivision 1 st m o rtg ag e b o n d s ..................................
A sh lan d D ivision 1 st m o rtg ag e b o n d s.....................................
1,000,000
E x te n sio n an d im p ro v em en t b o n d s......... ............................ .
4,148,000
C onvertible d e b en tu re b o n d s .....................................
456,000
M arshfield ex ten sio n b o n d s.........................................................
400,000
In co m e b o n d s__ : ........ ............................ ................................ .
500,000
E q u ip m e n t bo n d s of 1 8 8 5 __ . . . . . . ..........................................
200,000
H u rle y & O ntonagon B ranches 1 st m ortgage b o n d s...........
75,000
T o tal of bo n d s assu m ed ....................
A dd am o u n t of fu nded d eb t a t com m encem ent of y ear,
Ju n e 1st, 18 9 3 ...................... ................. ..$117,100,500
N et re d a c tio n b y can cellatio n of b o n d s................ 47,000

117,053,500

T o tal on M ay 31 st, 1894............................ ......................

$130,113,500

$13,060,000

W hich am o u n t in cludes $2,312,500 of live bonds deposited in v arious
sinking funds.

The payment of the interest upon the six per cent bonds of
the Saint Paul Eastern Grand Trunk Railway Company, which
was guaranteed by the Milwaukee Lake Shore & Western
Railway Company, was also assumed, but no liability exists
nor has any obligation been incurred for the payment of the
principal of these bonds, and they are not included in the
amount of funded debt. The issue was $1,120,000 upon fiftysix miles of connecting road from Clintonville to Oconto,
Wis., held under lease; $152,000 of the bonds are on hand
acquired from the Milwaukee Lake Shore & Western Railway
Company.
PA SSEN G ER TR A FFIC .

Total earnings from passengers were $9,226,466 90, being a
gain of $1,270,027 22, or 15 96-100 per cent over the preceding
year.
The increase of earnings in this department of revenue was
distinctly attributable to the unusually large movement of
passengers attracted to Chicago by the World’s Columbian
Exposition, and was principally derived from travel coming
out of the large and populous region extending north and
west from Chicago, where convenient proximity, favorable
facilities and reduced rates were combined with the extraordin
ary inducements offered by the Fair to influence an immense
volume of passenger traffic for a considerable ^period during
the summer and fall months.
On the Wisconsin, Madison, Galena and Main Iowa Divis
ions the increase amounted to $1,090,748 49, which, added to
the earnings of the Ashland Division (formerly M. L. S. & W.
R’y), brought the total increase up to $1,471,425 86; on the
other hand there was, on the Winona & St. Peter, Dakota,
Northern Iowa and Peninsula of Michigan divisions an
actual decrease in passenger earnings of $201,398 14, indica
tive of the general business stagnation that prevailed in the
country ; the entire passenger earnings thus shown give a
net increase of $1,270,027 22 during the year.
A t the same time there was a decrease in the whole num 
ber of passengers carried, the total being 17,082,400 against
17,191,075 in the preceding year, a decrease of 108,875 or 63-100
of one per c e n t; this falling off is accounted for bv the differ




[Vol. LIX.

ence between a decrease of 403,107 in first-class passengers
and an increase of 294,432 in the other classes. The number of
first-class passengers carried was 5,811.520; of seooad-class,
6,023 ; of round trip and excursion, 1,959,300 and of commuta
tion, 3,505,557.
The earniDgs from the several classes were as follows : From
first-class, $5,347,092 04, a decrease of $1,404 77 ; from secondclass, $29,507 28, an increase of $9,322 97; from round-trip and
excursion passengers, constituting the bulk of the World’s
Fair travel, $2,617,147 76, an increase of $1,180,824 59; from
commutation travel, $1,196,835 17, an increase of $77,55010,
and from parlor car travel, $36,384 65, an increase of
$3 73433.
u m
^ gk * * *
The average fare received from each class was: from firstclass passengers. 92 cents against 86 cents in previous year;:
second-class, $4 90 agaiost $3 74; round trip and excursion,
$1 34 against 74 cents, and from commutation, 13 cents against
12 cents, compared with the previous year.
The average fare received from each passenger carried was
54 cents, against 46 cents in the preceding year. The average
rate per passenger per mile was 1 95-100 cents, against 2 8-100'
cents in the previous year, being a reduction of 13-100 of a
cent, or 6 25-100 per cent.
This reduction in tbe average rate received per passenger
per mile, and the decrease of 108,675 passengers in the total
number of all classes carried, were more than offset by the
longer average distance that each passenger traveled and by
the correspondingly increased revenue derived therefrom.
This longer average haul is clearly shown in the following
comparative statement of passengers carried one mile, viz.:
Tbe number of first-class carried one mile was 213,288,309,'
against 205,283,935, an increase of 3 90-100 per cent; number
of second class one mile, 1,316,026, against 1,020,729, an in
crease of 28 93-100 per cent; number of round-trip and excur
sion, largely World’s Fair travel, carried one mile was 146,858,261, against 71,175^168, an increase of 106 33-100 per cent;
commutation travel one mile, 112,678,237, against 105,282,815, an increase of 7 2-100 per cent, and the total of all these
classes combined carried one mile was 474,140,833, against
382,762,647, making an increase of 91,378,186 in the number
of passengers carried one mile, or 23 87-100 per cent, as com
pared with the movement of the preceding year.
The miles run by passenger trains were 9,667,227, an in
crease of 15 19 100 per cent; average number of miles run by"
each train was 61 10-100, ah increase of 2 84-100 per cent, and
the average number of passengers carried in each train per
mile run was 49 5-100, an increase of 7 54-100 per cent.
The average journey of each passenger was 27 76-100 miles^
as against 22 27-100 miles in the preceding year, being an in
crease in the average distance traveled by each passenger o f
5 49-100 miles, or 24 65-100 per cent.
F R E IG H T T R A FFIC .

Earnings from freight were $21,284,929 06, and constituted
66 55-100 per cent of the entire gross receipts of the year ; the
falling off was $2,092,78£> 77, or 8 95-100 per cent.
The tons carried decreased from 16,123,679 in the preceding
year, to 12,949,382, a loss of 3,174,297 tons, equal to 19 69-100
per cent, including tbe movement of 216,411 tons of construc
tion material against 226,132 tons in the previous year.
The average rate received for each ton of freight carried was$1 64, against $1 45 in the preceding year, an increase of
13 10-100 per cent, owing to the heavy falling off in tonnage
of iron ore, lumber, products of the forest and other low-class
freights carried at minimum rates, the loss of which tonnage
unduly affects the rate comparison with former years.
The number of tons carried one mile was 1,989,355,696, a
decrease of 13 16-100 per cent, and the average rate per ton
per mile was 11-100 cents against 1 2-100 cents in the pre
vious year.
The whole number of miles run by freight trains was
16,063,562, a decrease of 860,679 miles, or 5 9-100 per cent; theaverage run of each train was 77 30-100 miles; the total num
ber of loaded freight cars hauled was 3,383,529, a decrease of
239,901 or 6 62-100 per cent; the average number of cars,
loaded and empty, in each train was 18 9-100; the average
number of tons carried m each loaded car per mile run was
9 74-100, and the average distance that each ton of freight
was hauled was 153 63-100 miles.
PER FO RM A N CE O F EN G IN ES.

The average number of locomotives employed in the ser
vice was 982, being 101 more than were in use during the pre
ceding year. Their total mileage amounted to 33,206,795*
miles, being a decrease of 1,176,808 miles or 3 42-100 per
cent from the mileage of the preceding year; the only in
crease shown was in the miles run by passenger trains, where
9,667,227 miles were covered, showing an increase of 1,275,047
miles or 15 19-100 per c e n t; freight service decreased 860,679'
miles, or 5 9-100 per e e n t; switching service decreased 1,068,076 miles, or 13 55-100 per cent, and gravel train mileage was
reduced 522,600 miles, or 44 7-100 per cent.
The cost of service, fuel and repairs amounted to $6,200,851 35, and was $95,490 88, or 1 52-100 per cent, less than
in the preceding year ; the cost of fuel was $2,636,307 13,
being an increase of $29,446 44, or 1 13-100 per c e n t; cost of
repairs was $1,136,250 65, a decrease of $41,833 07, or 8 55-100
per c e n t; cost of oil, waste and tallow was $101,611 93, a de
crease of $19,817 63, or 16 32 82-100 per cent, and the amount
of wages paid to enginemen and firemen was $2,326,681 64, a
decrease of $63,286 62, or 2 65-100 per cent, against a decrease
of 3 42-100 per cent in the total number of.miles run.

■»Au g u s t

10, 1894.]

231

THE CHRONICLE.

W ith the decrease in total mileage, there was a slight in
The fiscal year of the Milwaukee Lake Shore & Western
urease of 1 97-100 per cent in the cost per mile run, the rate Railway Company coincided with the calendar year, and its
being 18 67-100cents against 18 81-100 in the preceding year. The operations for the first eight months of 1893—from January
cost of fuel was 7 94-100 cents per mile run, against 7 58-100 1st to September 1st—the date of its merger, showed a net
in previous year ; repairs cost 3 42-100 cents, against 8 43-100 profit of $183,562 26. This amount is not included in the earn
cents ; wages of enginemen and firemen 7 1-100 cents per mile ings of the Cnicago & Northwestern Railway Company, but
run, against 6 95-100 cents, and oil, waste and tallow 30-100 was aopilied as a credit in reducing the cost of the Milwaukee
■of a cent, against 35-100 in the preceding year.
Lake Shore & Western Rail way upon the books of the Chicago
The number of miles run per ton of coal or cord of wood & Northwestern Railway Company.
was 22 90-100, being a decrease of 31-100 of a mile;’ the miles
The inactivity of business and low price of products afrun to a pint of oil were 15 1-100, and to a pound of waste | fected transactions in the Land Department, and materially
132 57-100 miles.
diminished the sales of land.
The consumption of fuel by engines was 1,411,813 tons of
The number of acres sold was 12,501 36-100 and of lots 646,
coal, at an average cost of $1 80 per ton, and 39,169 cords of for a total consideration of $175,064 78; the average price per
wood, at an average cost of $2 53 per cord.
*acre received for lands of the Minnesota Grant was $9 56, for
The increased cost of coal was 9 cents per ton, and of wood lands of the Michigan Grant, $4 64, and for those of the Wis
13 cents per cord, over the average cost in the previous consin Grant, $2 48.
year.
The net income of the Land Department amounted to
$245,827 54, not including sales of small parcels of unused
ROADWAY AND TRACK.
The usual detailed statement of expenditures incurred for miscellaneous lands, the consideration for which, amounting
maintenance of roadway and track is shown in a table ac to $6,307 15, was credited to construction account.
There remained in the several grants on the 31st of May,
companying this report. The many improvements made
upon this part of the property in the years immediately pre 1894, 748,564 85-100 acres of unsold lands, and 259,491 91-100
ceding the World’s Fair, and in expectation of that event, have acres sold under contracts, but not conveyed by deed, making
been advantageously utilized in respect to the maintenance of the total quantity of lands in all the grants 1,008,056 76-100
track, and its good condition has been well preserved by the acres. The immature obligations remaining unpaid on
expenditure during the year of the sum of $3,680,012 50 for lands and lots sold under contracts amounted to $1,385,repairs and renewals, less credit of $477,937 17 for old rails 018 33.
By the taking on of the property of the Milwaukee Lake
and material taken up. The quantity of steel rails laid down
was 28,553 1426-2240 tons, and of iron rails 301 2204-2240 tons, Shore & Western Railway Co,, the care of the small land
and the number of cross-ties placed in the track was 1,835,- grant of the St. Paul Eastern Grand Trunk Co. in Wisconsin,
080; the expenditure for rails amounted to $794,772 48; for of limited value, was transferred to the Land Department, but
cross-ties, $724,808 42; for switches, frogs, track-fastenings, its affairs are not included in the above statement. The total
spikes, tools, hand and dump cars, and other miscellaneous acres of that grant reported sold were 5,612 10-100, for the
items for road work, the sum of $368,203 88; and for the item consideration of $19,123*58; the total receipts were $5,173 23,
and the amount unpaid on outstanding contracts was $14,of track labor, $1,792,227 72.
307 44.
EQUIPM ENT.
Construction expenditures for second track, equipment and
Equipment was increased during the year by the purchase sundry improvements amounted to $1,515,551 04.
of 40 refrigerator cars and 500 live-stock cars.
The principal items of second track were the completion of
W ith the acquisition of the Milwaukee Lake Shore & certain sections already under construction in the States of
Western Railway, the company on September 1, 1893, came Iowa and Wisconsin,and the preparatory grading and bridging
into possession of 112 locomotives ; 27 first-class passenger on about nine miles additional to be laid North of Kenosha,
cars ; 15 second-class passenger cars ; 4 parlor cars ; 14 com Wisconsin ; 24 miles of second track were opened for, use be
bination cars ; 17 baggage and express cars ; 2 officers’ cars ; tween Louden and Lisbon, Iowa, and seven miles between
2,520 box freight cars ; 20 refrigerator cars ; 50 live-stock Spring Bluff and Kenosha, Wisconsin. The amount ex
cars; 300 gondola cars; 1,069 platform c a rs; 1,100 iron ore pended on second track work was $446,316 96, and the amount
cars; 60 caboose cars ; 8 boarding cars; 11 pile-driving, wreck paid for right of way, depot grounds, transfer grounds and
ing and excavating cars; 2 ditching cars and one rotary other enlargements was $99,124 06.
snow-plow.
The sum of $328,563 51 was expended in the purchase and
To replace worn-out equipment, 2 locomotives and 100 construction of new cars, including amounts paid for air-brakes,
freight cars were purchased; 47 furniture cars, 8 refrigerator automatic couplers and other modern appliances supplied to
cars, 2 live-stock cars, 16 gondola cars, 109 flat cars and one car equipment; 34 70-100 miles of track were laid in constructing
heavy flat car were rebuilt; one officer’s car was changed to a new side tracks, track extensions to mines, mills and industrial
parlor car, one to a second-class passenger car, and one re works, and the cost of the same was $216,960 29; for an in
frigerator car was rebuilt as a box car. Work in the locomo creased number of block signals, interlocking s witches and
tive department included renewal and repairs of 595 engines, signal towers; for construction of new depots, store-houses and
and the maintenance to the full standard of efficiency of the other structures, for permanent works of iron and stone in con
entire motive power.
struction and renewals of bridges and culverts, and for many
The materials and labor expended in the shops for repairs and other miscellaneous improvements upon the various lines of
renewals of equipment amounted to the net sum of $2,- the company, the further sum of $424,586 22 was expended
552,320 07, the greater part of which, to wit: $1,339,153 99 during the year.
was paid for labor, or 52 47-100 per cent.
Compared with the previous year the gross earnings, ex
The total number of locomotive engines on May 3lst,'1894, penses and taxes, and net earnings per mile of road operated,
was 1,010, and the number of cars of all kinds, 36,153.
were as follows:
G EN ER A L REM ARKS.

The Milwaukee Lake Shore & Western Railway Company
continued its operations until the first day of September, 1893,
at which date it was absorbed by the Chicago & Northwestern
Railway Company and ceased to be a separate corporation,
and its railroad of 757‘71 miles and equipment, elsewhere
described, were included in the property of this company. Its
capital stock, consisting of $2,650,000 of common stock and
$5,000,000 of preferred stock, has been canceled; its funded
debt of bonds outstanding, described in the account of funded
debt of this company, amounting to $13,060,000, together with
its current liabilities amoun’ing to $425,001 27 and its operat
ing assets amounting to $798,809 33, have been assumed and
taken into the accounts of this company.
Among its assets were the following available securities in
its treasury, which were turned over to the Chicago & North
western Railway Company upon the transfer and delivery of
the corporate property, to wit: Milwaukee Lake Shore &
Western Extension & Improvement 5 per cent bonds, $350,000; Milwaukee Lake Shore & Western Marshfield Extension
1st mortgage 5 per cent bonds, $200,000, and Milwaukee
Lake Shore & Western General Mortgage 5 per cent bonds,
$8,000,000; total, $8,550,000; there were also received $152,000
of St. Paul Eastern Grand Trunk Railway 6 per cent bonds,
and sundry stocks and bonds of nominal value amounting to
$50,032 50.
The condensed balance sheet accompanying this report
includes the oufstanding bonded debt of the Milwaukee Lake
Shore & Western Railway Company, which was taken up into
the funded debt of the Chicago & Northwestern Railway
Company, and also includes the amount of the available un
sold bonds of the Milwaukee Lake Shore & Western Railway
Company which were turned over to this company on Sep
tember 1st la3t, and are carried in purchase account as dis
posable securities acquired by the Chicago & Northwestern
Railway Company.




1893-94.

1892-93.

G ross E a rn in g s........................... .,..$ 6 ,6 0 6 87
O p eratin g E x p en ses an d T a x e s ... 4,318 62

$7,654 86
5,217 13

1893-94
Decrea s&
$1,047 99
898 51

.$2,288 25

$2,437 73

$149 48

N et E arn in g s

The operating expenses were 62 11-100 per cent of the gross
earnings, and including taxes were 65 37-100 per cent,
against 65 9-100 and 68 15-100 respectively in the preceding
year.
The combined surplus from railroad operations and from
net revenue of the land department for the year was as fol
lows : From the Chicago & Northwestern Railway, $400,949 56 ; from the operation of the Fremont Elkhorn & Mis
souri Yallev Railroad, $65,544 62, and from the Land Depart
ment, $245,*827 54, making a total of $712,321 72 available for
purposes of general improvement.
It is gratifying to state that the property has not been
suffered to deteriorate in its physical condition during
a year of unusual losses, fluctuations and disturbing in
fluences.
Appended hereto will be found the usual accounts, tables
and general statistics pertaining to the business of the year,
also the reports of the Land Commissioner and of the Fre
mont Elkhorn & Missouri Valley Railroad Company.
MARVIN HÜGHITT,
President.
Office of the
C h ic a g o & N o r t h W

estern

R a il w a y Co m p a n y ,

July 81, 1894.

THE CHRONICLE.

232
A T C H IS O N

TO PEKA

&

SAN TA

FE R R .

REPORT OF MR. STEPHEN LITTLE.
Following is the full text of the report just made by Mr.
Little, the expert accountant employed to examine the
Atchison books;
N e w Y o r k , August 6,1894.
To R Somers Hayes, Esq., Chairman, &c., Atchison Topeka
& Santa Fe Reorganization Committee:
“ In compliance with your instructions, I proceeded on
June 14 last to Topeka, Kan , where in the audit office of the
Atchison Company there I made an investigation of its
books and accounts for the guidance of your committee.
The two subjects with which you especially charged me were
the ascertainment of its current or unfunded debt—gross and
net—of every description, at April 80, 1894, and its earning
capacity for the then current fiscal year ending June 30,1894,
together with an analysis of the income account since the
date of the last reorganization up to and as far beyond April
30, 18P4, as I could state it. This to be followed later by a
complete exhibit of its financial condition on that date.
At the present writing I am unable to report formally
either on the earning capacity of the property for the fiscal
year ended June 30, 1894, the indebtedness—Eastern
and Western combined—existing April 30, 1894, or
the general financial condition at the latter date, for the rea
son that I have only now been able to obtain the balance
sheet from the Eastern books as of April 30, 1894. Without
this my examination of these books could be only of the most
incomplete character. The subject is so vast, and withal so
complex, that my report, to be exhaustive, requires more time
than you have been willing to allot to me. Enough, how
ever, has come under my observation, both in the Western
and Eai tern books, to justify me in making this special re
port on the over-statement of the income of the property for
the four years ended June 30, 1894, in advance, as you desire,
of my final report.
“ I have already advised you verbally that such income
was in my judgment, over-stated in these several years to the
extent of seven millions of dollars or more, and I now con
firm this specifically. These over-statements may be classified
as follows :
F IR S T -R E B A T E S .
“ F o r th e fo u r y ears ended J u n e 3 0 ,1 8 9 4 , th e dehits fo r re b a te s to
sh ip p ers on th e A tchison system ag g reg ate $3,700,776 92; a n d on th e
St. L ouis & S an F rancisco system , $205,879 49; or a to ta l of $3,906,656 41. T his sum w as charged n o t to th e earn in g s from w hence it
cam e, as i t should have been, b u t to a n acco u n t e n title d ‘A u d ito r’s
S uspended A ccount—Special,’ a n d re p o rte d from y e a r to y e a r as a
good an d a v ailab le asset, w hile in fao t i t h ad no v a lu e w h atev er. H ere
I w ou ld in fo rm you t h a t in Ju n e , 1891, th e so-called ‘A uditor’s S uspend
ed A ccount—Special’ of $1,318,582 95 on th e A tchison boohs, as above,
w as cred ited w ith $1,612,110 55, th u s se ttin g up a n a p p a re n t cred it
b alan ce to i t of $293,527 60; in o th e r w ords, th e $1,612,110 55 w as
cap italized in to th e account of ‘F ran ch ises a n d P ro p e rty ,’ b u t fo r th e
p u rp o se of th is re p o rt I h av e rev ersed th e e n try , re sto rin g t h a t am o u n t
to th e re b a te s, (A uditor’s Suspended A ccount—Special,’) a n d e lim in at
in g it from ‘F ranchises an d P ro p e rty .’
“ I f th is c red it of $1,612,110 55 w as a p ro p er one, th e ap p ro p ria te
course fo r i t w ould h av e b een ‘F ra n ch ises an d P ro p e rty ’ d e b to r to
o p eratin g expenses, in ste a d of a red u ctio n of th e re b a te s, (‘A u d ito r’s
S uspended A ccount—Special’) although, in th e end, th e effect on th e
incom e acco u n t w ould b e p recisely th e sam e.
“ The ‘A u d ito r’s Suspended A ccount—S p ecial' w as one of those ac
co u n ts w hich, so fa r from b eing a n asset, n a tu ra lly closed, or should
h av e b een closed, a g ain st incom e or p rofit an d loss. T he e n tr y by
w h ich th is tra n s f e r of $1,612,110 55 w as m ade fro m th e re b a te s
(‘A u d ito r’s S uspended A ccount—Special ’) to th e acco u n t of ‘ F ra n ch ises
an d P r o p e rty ’ is in th e se w ords, viz.: ‘ R ep resen tin g n e t charges to
earn in g s an d o p e ra tin g expenses m ade a fte r O ctober 1 ,1 8 8 9 , u n til
F e b ru a ry 2 8 ,1 8 9 1 , p ro p erly applicable to th e o p eratio n s of th e com 
p a n y p rio r to th e n ew m o rtg a g e in d e n tu re , as p e r te leg ram J. W. R.,
173,10-7-91,’ fro m w hich i t is m ade to ap p ear t h a t charges to th is
e x te n t h a d been erroneously included in th e o p eratin g ex p en ses of
th e reo rg an ized com pany b etw een th e d a te s m entioned in ste a d of
being added to th e co st of th e ro a d a n d p ro p e rty . I f th is view can be
su p p o rted b y facts a n d figures, w hich so fa r I h av e b een u n a b le to
o b tain , th e n i t w ould be p ro p e r fo r ihe to revise m y ju d g m e n t as to th e
$1,612,110 5 5 ; otherw ise I m u st h o ld th a t its tr a n s f e r from re b a te s to
cap ital w as im proper.
SECOND—ADDITIONS TO EA RN IN G S AND REDUCTIONS FROM
EX PEN SES.
“N e x t in ord er of im p o rtan c e to th e re b a te account comes a n ag g re
g ate of $2,791,000, w hich, on in stru c tio n s from th e E a st, w as credited
from tim e to tim e to th e earn in g s a n d expenses resp ectiv ely , b u t w hich
cred its h ad no fo u n d atio n in fact. Of th is ag g reg ate $2,010,000 w as
added to earn in g s an d $781,000 deducted from o p eratin g expenses, th e
su m o f th e tw o being debited to ‘A uditors’ S uspended A ccount.’ T here
w ere tw o accounts of th is ch arac er, one term ed ‘A uditor’s Suspended
A ccount,’ w hich h eld th e ‘A dditions to E a rn in g s’ an d ‘D eductions from
E x p en ses,’ an d th e o th e r ‘A uditor’s Suspended A ccount—Special,’ which
h eld th e reb ates.
T H IR D —IM PROVEM ENTS.
“ The sum of $488,000 w as in th e p eriod u n d e r consideration tr a n s 
fe rre d im p ro p erly , as I contend,, from o p eratin g expenses to ‘Im p ro v e
m en ts’ o r c a p ita l account, th ese ‘Im p ro v em en ts’ being finally closed
in to th e acco u n t of ‘F ranchises an d P ro p e rty ,’ w hich re p re se n ts th e
co st o f th e ro a d an d property.




[Vol. LIX,

FO U R T H —T R A F F IC BALANCES.
“ I t fu rth e r a p p ears t h a t a traffic ag reem en t fo r a division of b u si
n ess w as form ed in N ovem ber, 1890, (running to Ju ly , 1891,) b etw een
th e A tchison C om pany a n d c e rta in o th e r com panies, w h ereb y such
o th e r com panies w ere charged w ith a b alan ce of $305,843 59, w hich
th e A tchison C om pany w as u n ab le to collect, an d w hich is ab so lu tely
uncollectible, a n d should h av e been h ereto fo re w ritte n off, th o u g h it
still sta n d s as a n asset, a n d hence m u st now b e w r itte n to th e d e b it
of profit an d loss.
“ F o r clearer elucidation, I ap p en d h e re to 'a ta b u la r sta te m e n t c la s s i
fying th e foregoing accounts b y fiscal y ears, b o th fo r th e A tchison
system a n d th e St. L ouis a n d San F ran cisco sy stem resp ec tiv ely :
$7,285,620 51
A tchison sy stem ................................
205,879 49
St. Louis & San F rancisco system
T otal, b o th sy ste m s............ . ...................... ........ .................... $7,491,500 00
“ T he w hole of th is a m o u n t should, as I look a t it, be w ritte n to th e
d eb it of p rofit an d loss, e x cep t th e $1,012,141 02 fo r A tchison p e rta in 
ing to th e fiscal y e a r 1893-4, w hich m u st go ag ain st, or in red u ctio n of,
th e incom e fo r t h a t year.
“ T h a t I m ay be fully u nd ersto o d I designate h ereu n d er th e acco u n ts
th a t should be th u s w ritte n off, viz.:
ATCHISON SYSTEM.
F ra n ch ises an d P r o p e rty ..................... ..................................... $1,612,110 55
488,000 00
Im p ro v em en ts (otherw ise F ran ch ises a n d P ro p e rty ).......
A uditor’s S uspended A ccount—S p ecial. .................... .
2,088,666 37
A uditor’s S uspended A cco u n t............................................... - 2,791,000 00
Traffic b a la n c e s........................................................................ .
305,843 59
T o ta l A tchison............ ....................................................v . . $7,285,620 51
ST. LOUIS & SAN FRANCISCO SYSTEM.
A u d ito r’s S uspended A ccount—Special.................................

205,879 49

G rand to ta l, b o th sy stem s........................ . . . .................... $7,491,500 00
“ The te rm ‘incom e’ I use in its b ro ad sense, as covering a ll species of
incom e, w h eth er d eriv ed from th e tra n s p o rta tio n of freig h t, p asse n 
gers, m ails, express, re n ta ls, subsidies, in te re st from in v estm en ts, a n d
a ll o th er m iscellaneous sources, to g e th e r w ith a ll p ro p e r ch arg es
th e re to , of e v ery ch a ra c te r, in cluding o p eratin g expenses, ta x e s, in te r
e s t on funded an d u nfunded debt, in su ran ce, &c., th e b alance, w hich
ev er w ay i t falls, being carrie d to th e d eb it o r cred it of profit a n d loss.
“ H av in g th u s explained th e n a tu r e of th e $7,491,500, carried in
th e incom e of th e tw o system s to J u n e 3 0 ,1 8 9 4 , it becom es p e rtin e n t
now to in q u ire how th e p ro p o rtio n of th is am o u n t for th e th re e y e a rs
ended J u n e 3 0 ,1 8 9 3 , w as tre a te d in th e re p o rt of th e A tchison Com
p a n y fo r th e fiscal y e a r 1893, th e la te s t official issue.
“ A t t h a t d ate, a s will be seen from th e ta b u la r sta te m e n t acco m p an y 
ing, th e am o u u t fo r th e A tchison system w as $6,273,479 49 an d for
th e St. L ouis & S an F rancisco system $337,418 20, in all $6,610,897 69.
“ The an aly sis follow ing rev eals th e accounts w here th is $ 6 ,6 1 0 ,897 69 w as covered in th è com pany’s official b alan ce sheet issu ed t o
th e sto ck h o ld ers.
ATCHISON SYSTEM.
Cash d eposits o v e r-s ta te d :
Official re p o rt, p ag e 2 2 ................................$3,095,686 54
Should b e . ................................................ -. 2,493,161 19
O v er-statem ent of d ep o sits.......................... ........... .
B ills p ay ab le u n d e r-s ta te d :
Official r e p o rt, p age 2 3 ............................... $6,809,249 71
Should b e ........................................ - ............... 8,739,249 71

$602,525 35

U n d er-statem en t of bills p a y a b le .............. ..................... 1,930,000 00
A ccounts r e c e iv a b le :
Official re p o rt, page 2 2 :..............................$5,926,954 41
S hould b e .............. .............. .................. .
4,286,110 82
O ver-statem ent of accounts receivable.......................... 1,640,843 59
F ra n ch ises an d p r o p e rty :
Official re p o rt, p ag e 2 0 ................ .............$93,751,498 60
Should b e ..... ........................................ .
91,651,388 05
O v er-statem en t of fran ch ises a n d p ro p e rty , w hich
consist of th e $ 1,162,11055 a n d $488,000 resp ec
tively. ................................................................................... 2,100,110 55
T otal A tchison system J u n e 3 0 ,1 8 9 3 ............................$6,273,479 49
ST. LOUIS & SAN FRANCISCO SYSTEM.
D e fe rre d :
S undry accounts in process of aq ju stm en t, (entering
in to th e n e t d eb it b alan ce of $317,914 18 on page 78
of th e official re p o rt, St. Louis & S an F rancisco balance sh e et)............................................................................

337,418 20

G ran d to ta l b o th system s J u n e 3 0 ,1 8 9 3 .......................$6,610,897 69
“ I t only rem ain s fo r m e to add, on th is p h ase of th e subject, t h a t th e
$337,418 20 p e rta in in g to th e St. L ouis & San F rancisco sy stem
form s p a r t of th e n e t deb it b alan ce of $317,914 48 e n title d ‘ S u n d ry
accounts in process ;of| ad ju stm en t,’ u n d er h ead of ‘ D eferred,’ on p ag e
78 of th e official re p o rt fo r th e fiscal y e a r ended J u n e 30, 1893. T h is
b alan ce is m ade up of a n u m b er of accounts a g g reg atin g $568,395 21
on th e deb it side an d $250,480 73 on th e cred it side, t h u s :
D e b it......................................................... .......................................... $568,395 21
C redit........................................................................... ..................
250,480 73
N et d eb it...................................... .................... ...............................$317,914 48
“ There is still a n o th e r acco u n t o r tra n s fe r in M arch, 1892, of $152,9 5 1 4 3 from ‘ E arn in g s a n d E x p e n s e s ’ t o ‘ F ra n ch ises a n d P ro p 
e rty ,’ w ith th e p ro p rie ty of w hich I do n o t agree. I t re a d s
as follow s, an d p u rp o rts to be of th e sam e c h a ra c te r as th e
$1,612,110 55 heretofore fu lly described, viz.: ‘ R ep resen tin g charges
a n d cred its applying on business p rio r to O ctober 1 ,1 8 8 9 , in e a rn in g s
an d expense accounts, M arch 1 ,1 8 9 1 , to M arch 1 ,1 8 9 2 , a n d in in te r 
est, ta x e s an d re n ta l account, October 1, 18«9, to M arch 3 1 ,1 8 9 2 .’
U nless th is, too, can be su p p o rted by fa c ts a n d figures, it m u st be
addedjto th e $7,491,500, w hich w ould au g m en t th e o v er-statem en t of
incom e fo r th e fo u r years to $7,644,451 43. I t should be d istin c tly
understood t h a t th e accounts to w hich I re fe r in th e ta b u la r sta te m e n t
fo r th e y e a r ended J u n e 3 0 ,1 8 9 4 , a n te d a te th e receivership. AS a
m a tte r fo r y o u r in fo rm atio n , I m ay add, fu rth e r, th a t th e b a la n c e s
re p re se n te d in ‘ A u d ito r’s Suspended A ccount—Special,’ an d ‘A uditor’s
Suspended A ccount,’ w ere n o t tra n sfe rre d from th e W estern to th e
E a s te rn books u n til M arch an d A pril, 1894. I m ean th e com pany’s,
n o t th e re ceiv ers’, books.
“ I reserv e th e rig h t, a fte r m y ex am in atio n of th e E a ste rn books, t o
b rin g to y o u r a tte n tio n w h a te v e r a lditio a l irreg u larities, if an y , I
m ay find th ere. R espectfully subm itted,
i
ST E PH E N L IT T L E .

A ugust 11; 1-594,1

THE CHaOMCLE.

233

F ollow ing is a sta te m e n t, ta b u la te d by Mr. L ittle, show ing th e en tries of e arn in g s on th e A tchison books for fo u r y e a rs ended J u n e 3 0 ,1 8 0 4 :
ATCHISON T O PE K A & SANTA F E —PRO PER.
Total fo r 3
Year ended
Year ended Year ended Years ended
Year ended
Title o f Account.
Character o f Charges. June 30, ’91. June 30, ’92. June 30,’93. June 30, ’93. June 30, ’94.
Total.
$
$
$
$
$
A u d ito r’s Susp’d Acc’t —S p e c ia l..R e b a te s...............................1,318,582 95
9 1 9 ,3 4 1 5 0 1 ,125,71145 13,363,635 90 *337,141 02 3,700,776 92
Auuditor’s
SnariATwiori
a nnrmn+
A dded to efrom
a rn inex
g s............
435,000 00
450,000
00 1,335,000
00
*675,000
00 2 , 010,000 00
A
d ito r s S
uspended A
c c o u n t.. ji £)edllctea
p en ses. 450,000
2 5 5 ^ 0 0 00
00
60,000 00
466,000
00 781,000 00
781,000 00
Im p ro v e m e n t A ccount (subse
q u en tly tra n sfe rre d to F ra n 
chises an d P ro p e rty )................... D educted from expenses. 290,000 00
................
198,000 00
488,000 00
488,000 00
O th er co m p an ies......................., . . .Traffic b a la n c e s.................. 315,503 17
35,293 73 Cr.44,953 31
305,843 59
305,843 59
T o ta ls ................. ......................................... , ......................... 2,629,086 12 1,449,635 23 2,194,758 14 6,273,479 49 1,012,141 02 7,285,620 51
ST. LOUIS & SAN FRANCISCO RAILW AY COMPANY.
68,000 00
62,588 97
2 0 6 ,82923
A u d ito r’s Susp’d Acc’t —S pecial.. R e b a te s ...............................
205,879 49
337,418 2 0 0 4 1 3 1 ,5 3 8 71
G ran d to ta ls ................. ................................... , ........................2,697,086 12 1,512,224 20 2,401,587 37 6,610,897 69
t In clu d in g $1,612,110 55 re sto re d to th is account—see te x t.

PRESIDENT REINHART’S ANSWER.

* P rio r to receivership.

880,602 31 7,491,500 00

i Ci.

the reorganized company subsequent to Oct. 1, 1889, but
which applied to the operations of the property prior to the
date of reorganization and should have been cared for under
the forty-two mortg iges represented under the old company
instead of the two mortgages of the reorganized company.
This asset was used to offset charges which affected the other
side of the income account, and, as Mr. Little himself has
stated in his rep >rt,“in the end the eff jet on the income ac
count will be precisely the same.”
“ The items I have mentioned more than cover the alleged
over-statement of income for the period of Mr. L'ttle’s exam
ination by about $500,000. I have not time in the limited
period allowed me to go into further details. To be strictly
or technically accurate, I too would have to do what Mr. Lit
tle has done—take the books and the accounting forces of the
system and spend considerable time in examination.
“ Mr. Little thinks that hundreds of thousands of dollars
earned as a subsidy are not earnings; I think they are. He
thinks that $1,100,000 deducted from Atchison earnings and
given under contract to another line in the system are not
system earnings; I think they are. He t finks $1,500,000 of
profits on investments is not income; I think it is.
“I repeat that the above items are suffi dent to account for
the alleged over-statement and $500,000 more,thair total being
over $8,000,000, and fully justify every statement the com
pany has ever made.
“Mr. Little states that on the 30th day of June, 1893, the
company did not have on hand the am uint of cash shown by
the books. While I fail to see what Gearing this statement
has upon the matters which Mr. Little was called upon to ex
amine in relation to the proposed reorganization of the com
pany, I yet desire to state most emphatically that on the date
referred to the company actually had on hand in cash and
cash items the amount stated in its report on that date.
“ Very respectfully yours,
“J. W. R einhart, President. ’
“ New Y ork, August 9, 1894.”

The following is President Reinhart’s reply to the charges
of an over-statement of Atchison income in the past four
years:
“ R. S omers H ayes, Esq.,
“Chairman General Reorganization Committee Atchison
TopeTca & Santa Fe RaUroad Company, City.
“Dear Sir :—More than ten weeks ago your committee,
with my hearty approval, selected Mr. Stephen Little to ex
amine and make certain reports concerning the accounts of
the Atchison system. These accounts pertain to many inde
pendent corporations, each having its separate set of books.
During all the time the entire accounting force of the
system has been at the service of Mr. Little.
• “At three o’clock yesterday afternoon, your Secretary
handed me a copy of Mr. Little’s report;, and from a letter
shortly afterwards received, I understand that you expect me
to furnish by two o’clock to-*day a statement covering the
matters which Mr. Little has taken weeks to investigate.
“ As you are aware, most of the books of the system are not
kept in New York, and I need hardly say that such books are
not kept by myself, but by bookkeepers employed for that
purpose.
“ The principal charge is that the income has during the last
four years been over-stated to the extent of about $7,600,000
The earnings of the system for the period named amount to
about $180,000,000. There is no charge that the disbursements
have been over-stated or that any dividends or other payments
have been made on the basis of the alleged over-statement of
earnings, and as they are less than A% per cent of the total
earnings for the period named, you must assume that there is
an entire lack of motive for a wrongful statement. To have
stated the earnings at less than the actual figures would have
been a great injustice to the security holders and particularly
to the income bondholders.
“In the short hours allowed me I have found no difficulty in
pointing out some of the errors into which Mr. Little has
MR. LITTLE’S REPLY.
fallen. I find that $1,100,009 of earnings of the Atchison
Mr. Little, the accountant, in reviewing Mr. R nnhart’s re
system deducted from its income account under the agree
ment with the St. Louis & San Francisco Railway Company ply to the committee, necessarily spoke without any further
of 1887, as shown i i the annual reports and properly to be examination of the books. H« said:
credited to the St. Louis & San Francisco Railway Company,
T here is n o t a single p o in t se t fo rth in m y sta te m e n t th a t is an sw ered
are totally ¡¿nored; and yet all the stock of that company is o r ex p lain ed in th e le tte r of Mr. R e in h a rt. T ake, fo r instan ce, th e
item
of in te re st alleged to h av e heen earn ed betw een J a n u a ry 1 ,1 8 9 0 ,
owned by the Atchison Topeka & Santa Fe Railroad Com
D ecem ber 23,. 1893, th e d a te of th e a p p o in tm e n t of th e receivers,
pany, and certainly the stockholders of the latter company, and
an d sta te d by him to am o u n t to $2,332,000, a n d w hich he accuses m e
who paid a large sum for the stock of the former company, of n o t recognizing. C ertainly I did n o t recognize it, because i t is n o t
are entitled to a statement of such earnings. In other words, on th e books. I t h a s n o t b een paid, a n d i t is folly to c red it an incom e
u n p a id in te re st, especially if th e re is no chance of ev er
Mr. Little ignores $1,100,000 of actual earnings of the Atchi acco u n t w ith
th e in terest.
son Railroad and gives them no place in his statement of the collecting
T hen, again, Mr. R e in h a rt says, in speaking of th e sum of $1,500,000
earnings of the system.
alleged p rofits earn ed by th e com pany on its in v e stm e n t in te rm in a l
t h a t I h av e n o t included t h a t in m y accounting. I suppose
“I also find that Mr. Little refuses to include a balance of properties,
re fe rs to th e Chicago & C alum et T erm inal p ro p erty . W ell, th a t
$457,939 (United States currency) subsidy due from the Mexi he
does n o t a p p e a r om th e books. I w as asked to ta k e t h a t in to co n sid era
can Government to the Sonora Railway (one of the Atchison tion, b u t I said I w ould ta k e n o th in g in to con sid eratio n t h a t w as n o t
auxiliary companies), which is an undisputed claim recog on th e books.
T hen Mr. R e in h a rt says, to quote his e x a c t language: •“ The item s of
nized by the Mexican G »vernment,
$1,612,110 55 an d $152,951 43, m aking a n a g g re g a te c i $1,765,061 98,
“ I find also that an item of $450,000, covering earnings on w hich Mr. L ittle also refe rs to , w ere p ro p e r debits to th e fran c h ise an d
freight in transit on through billing for the last week in each p ro p e rty accounts, fo r th e reason th a t th e y r e p re se n t ex p en d itu res
ade o ut of th e revenues of th e reorganized com pany su b seq u en t to
month has been ignored by Mr. Little, notwithstanding the m
ctober 1 ,1 8 8 9 , b u t w hich applied to the o p eratio n s of th e p ro p e rty
fact that such item was fully explained to him. This item pOrio
r to th e d a te of reorganization, a n d should h av e b een cared for
was necessarily created by a change from a “ Forwarded ” u n d er th e forty-tw o m ortgages re p re se n te d u n d er th e old com pany,
a d of th e tw o m ortgages of th e reo rg an ized com pany.”
basis of freight accounting to a “ Received ” basis, and is inTste
hey w ere n o t p ro p er debits. T hey w ere charged to reb ates, an d I
strictly in accordance with well-established and racogaized have
sim ply placed th em w here th e y belong.
methods of revenue accounting by other railroads of extensive
Mr. Li file next called attention to Mr. Reinhart’s assertion—
mileage.
“ Mr. L ittle th in k s t h a t h u n d red s of th o u sa n d s of dollars earn ed as a
“I further find that Mr. Little has either overlooked or re subsidy
are n o t earnings. I th in k th ey are.”
fused to recognize $2,832,000 of" interest earned from January
He said in reply to this:
1, 1890, to December 23, 1893 (date of appointment of receiv
w ere n o t on th e books, w ith th e exception of th e M exican Gov
ers) on advances made by the Atchison and San Francisco com e rnT hey
m e n t subsidy, w hich h as n e v e r b een collected o r paid. I credited
panies to the Atlantic & Pacific Railroad company, which in n o th in g t h a t w as n o t p roperly e n tered on th e books, an d I p aid no a t
terest so earned is an asset of these two companies, and which te n tio n to a n y th in g in th e w ay of ex p lan atio n s of th eo ries or fancies.
in adjustment of the accounts of the three companies named I sim ply took his books an d n o t his ex p lan atio n s.
must be treated as an asset of the Atchison and San Francisco
companies, belonging to their income account.
COLONEL Me0 0 OK’S STATEMENT.
“Still further do I find that Mr. Little has not included about
Colonel
McCook
was asked for his views on the points
$1,500,000 of profit earned by the company upon its invest
covered by Mr. Little’s report, and replied as follows :
ment in terminal properties.
I h av e from day to day delayed speaking up o n th is subject u n til I
“ The items of $1,612,110 and $152,951, making an aggregate could
see th e t e x t of Mr. L ittle ’s re p o rt to th e G eneral R eorganization
of $1,765,061, which Mr. Little also refers to, were proper Com
m ittee. I am general counsel of th e A tchison Com pany, a n d th e
debits to the franchise and property accounts, for the reason leg al affairs of th e system , w ith its ex ten d ed m ileage an d com plex
that they represent expenditures made out of the revenues of leg al o rganization, h av e fu lly ocoup* 1 n y tim e a n d a tte n tio n . I am




THE CHRONICLE.

234:

n o t a n e x p e rt in accounting or traffic m a tte rs, an d I have n o t given
special a tte n tio n to th e d etails of th o se d ep artm en ts fu rth e r th a n to
s a tis fy m yself, as a n officer an d d ire c to r of th e com pany, th a t those
d e p a rtm e n ts are conducted by experienced a n d capable officials.
I w ish to s ta te in th e m o st ex p licit w ay t h a t if re b a te s h av e b een
p a id b y th e com pany, i t h a s b een done w ith o u t m y Knowledge or ap 
p ro v a l.
.
■
T he policy ap p ro v ed b y th e directors of th e A tchison Com pany in
d ealin g w ith com petitive traffic h as been, w hen th e com pany did n o t
receiv e its fa ir p ro p o rtio n of business, to ap p ly to th e traffic associa
tio n to p ro te c t its business, and w hen th e association failed to do so
th e officers of th e com pany w ould give th e notice req u ired by th e asso
ciatio n ru les of th e ir proposed re tire m e n t from th e association, w ith
th e in te n tio n of m aking a n open r a te to m eet such com petitors. Such
p ro ced u re conform ed to th e b e st railw ay practice, as w ell as to th e
p ro v isio n s of th e In te r-S ta te Com m erce act, an d it w as believed to be
effective a n d sufficient to p ro te c t th e com pany’s in terests.
I f an y u n law fu l inducem ent in th e form of re b a te s o r o therw ise h as
b e e n offered o r given by th e com pany to shippers, i t h a s been done
w ith o u t m y know ledge o r approval.
T h e con d u ct of th e accounts of a ra ilro a d com pany is no m ore
u n d e r th e p erso n al supervision of th e g en eral counsel of th e
co m p an y th a n is th e traffic d ep artm en t. The books of th e
A tch iso n C om pany h av e b een k e p t b y th e accounting officers
u n d e r th e d irectio n of Mr. R e in h a rt. I, in com m on w ith o th e r
officers a n d d irecto rs of th e A tchison Com pany, h a v e h a d g re a t
sa tisfactio n in th e belief t h a t th e accounts of th e system h a v e
alw ay s b een sta te d clearly, fully an d accu rately , an d M r. L ittle ’s p re
lim in a ry r e p o rt g av e m e th e first in tim a tio n t h a t th e accu racy of th e
acco u n ts of th e com nany h a d ev er b een called in question. I t is p ra c 
tic a lly im possible fo r an y officer or d irecto r of a la rg e system of ra il
w ay , esp ecially one w ho is closely occupied w ith th e conduct of
a n o th e r d e p a rtm e n t of th e com pany’s business, to h av e perso n al know l
edge of th e accounts o r of th e item s en tered th erein , unless he is an
ex p erien ced b o o k k eeper a n d gives m uch tim e a n d a tte n tio n to them .
T he b e st t h a t officers a n d directo rs can do is to secure th e services
o f cap ab le an d exp erienced m en to do th is w ork.
The officers of th e A tchison Com pany, h av in g e n tire confidence in th e
accu racy of th e com pany’s accounts, h av e ex ten d ed ev ery fa c ility to
M r. L ittle to m ake a m o st tho ro u g h a n d com plete ex am in atio n of th e
sam e. H e h as h a d u n re stric te d access to th e books an d accounts fo r
se v era l w eeks an d i t is a sa tisfactio n to m e p ersonally, a s I am one of
th e receiv ers of th e com pany’s p ro p erty , t h a t Mr. L ittle re p o rts th a t
" h e finds t h a t th e accounts of th e receiv ers hav e, in a ll resp ects, been
a c c u ra te ly s ta te d .”
M r. L ittle re p o rts th a t from Ju ly , 1889, to Decem ber, 1893, th e p eriod
p reced in g th e a p p o in tm e n t of receivers, th e incom e of th e com pany
h as, in h is opinion,^been larg ely over-stated.
W hatever1conclusion m ay be reach ed b y th e G eneral R eorganization
C om m ittee, w h e th e r th e y su sta in th e p o sitio n of Mr. L ittle or Mr.
R e in h a rt in th is m a tte r, I w ish to say in th e m ost definite a n d ex p licit
w ay t h a t if th e r e su lt of th e ex am in atio n should show th a t th e com 
p a n y ’s acco u n ts h av e in an y re sp e c t b een k e p t in an irre g u la r m an n er
o r n o t in stric t com pliance w ith b e st accounting m ethods, o r t h a t th e
ea rn in g s of th e com pany h av e b een in an y re sp e c t o ver-stated, i t has
b een done w ith o u t m y know ledge, and, of course, w ith o u t m y a p p ro v al

[VOL. L1X.

Macon & Northern.—This road, which was leased to the
Richmond & Danville and Central of Georgia for a joint guar
antee of the bonds, is to be sold at Macon, Ga., October 2, under
foreclosure of the first mortgage in the suit of the Mercantile
Trust Co , the trustee. The road was excluded from the Rich
mond Terminal plan of reorganization. The order of sale
fixes $1,070,000 as the minimum bid to b9 accepted.
Nashville Chattanooga & St. Louis.—At a meeting of the
board of directors held at Nashville, Tenn., the. following
resolution was adopted : “ Resolved, by the board of direc
tors of the Nashville Chattanooga & St. Louis Railway, that
owing to the general depression in business, and the loss of
revenue on account of the strike, it is not deemed advisable
to declare the usual August dividend.”
New York City and Brooklyn Surface Roads.—The follow
ing statements for the three months ending June 30 have been
filed at Albany :
Central Crosstown.-

1893.
G ross e a rn in g s-....... .$146,251
O perating ex p en ses. . 97,533

1894.
$141,511
100,764

1893.
$152,026
91,688

1894.
$157,859
72,584

N et e a rn in g s___ . $48,718
1,008
O ther incom e...........

$40,747
1,135

$60,337
236

$85,275

T o ta l..................... . $49,726
C harges................... . . 28,812

$41,882
11,747

$60,574
25,075

$85,275
29,837

S u rp lu s ................ . $20,914

$30,135

$35,498

$55,438

THIRD AVENUE RAILROAD.

/—Quar. end. June 30.—» r-Year ending June 30.—»
1893.
1894.
$1,657,539 $1,778,971
1,153,896
1,040,258

1893.
G ross e a rn in g s......... $457,515
O perating expenses . 357,693

1894.
$557,799
259,561

N e t e a rn in g s__ . $99,821
4,370
O ther incom e...........

$298,237
5,293

$503,643
93,800

$737,713:
20,871

G ross in c o m e ... ..$104,192
F ix e d c h arg es......... . 62,000

$303,531
87,475

$597,443
245,304

$757,584
294,231

N et incom e....... .. $42,191
D iv id en d s......... ........

$216,056

$352,139
240,000

$463,303
280,000

$112,139

$183,303

S urplus.......................

_

Philadelphia & Reading.—In regard to the newspaper re
ports of a plan of reorganization under discussion by Philadel
phia parties, Mr. George H. Earle, President of the Finance Com
pany of Penn., is reported as saying on Thursday: “ There is no>
plan. The talk about it is premature. Nothing has been
Denver & Rio Grande.—The following is a statement of attempted except to secure harmony among the various inter
the income for June and the year ending June 30 :
ests in Reading. Some progress in this direction has been
1 9 9K -Q 4
1 SQ7.q<)
made. If the Philadelphia committee succeeds in bringing
G ross e a r n in g s ..................................... ........... $501,868
$747,188 the various Reading committees to the same way of thinking,
345,019
431,181
O p eratin g e x p en ses
. . . ..............................
a reorganization plan will be presented for their approval. It
$316,006 is not right to say that any interests are at present unfriendly
N et e arn in g s.................................................. $156,848
219,977 to the plan, because there is no plan and because nothing has
196,038
F ix e d c h arg es..........................
sur. $96,029 been done ex cept to learn the sentiment of the various com
B a la n c e ..................................................... def. $39,190
mittees. Yesterday’s conference with Mr. Whitridge was
For the twelve months ending June 30 :
altogether informal and was entirely satisfactory. Mr. W hit
1892-93,
1893-94.
$9.317,646 ridge represents the Olcott committee and will consult with
G ross e a rn in g s.................
$6,476,043
5,282,084 its members regarding our conference.”
O p eratin g e x p en ses......... ................................. 3,972,551
Railroads in New York State.—Reports to the New
N et e a r in g s . . . . . . . . . . . _____ . . . . . . . . . ....$ 2 ,5 0 3 ,4 9 2
$4,035,561
F ix e d ch a rg e s.............................- ...................... 2,415,831
2,633,253 York State Railroad Commissioners for the quarter ending
June 30 show results as below.

B a la n c e ........................
$87,661
D iv id en d on p re fe rre d sto e k .................................................
S u rp lu s.............................................................

$87,661

$1,402,308
473,000
$929,308

—Mr. E. T. Jeffery, President of the Denver & Rio Grande
Railroad, has issued a circular thanking the employes of the
company for their faithful attitude during the Debs labor
insurrection last month.
Georgia Southern & Florida.—The following is a synopsis
of the statement of the Georgia Southern & Florida RR. for
the year ending June 30, 1894, from the circular of Messrs.
Hambleton & Co. of Baltimore.
G ross earniDgs ...............

Over, expenses—

M aanten’ce of w ay an d s tr u c tu r e s ............ .
M ain, of equip’t ...............
Cond’t’g tra n sp ’n ..................
G en eral ex p s......................

r-Quar end. June 30.—>
1894.
$
2,277,592
1,176,961

1892-93.
$
9,299,557
4,637,925

1893-94.
' $
8,506,343
4,594,559

N et e a r n i n g s ........... 1,232,624
In t., re n ta ls a n d ta x e s .
614,249

1,100,631
631,582

4,661,632
2,462,170

3,91 1 ,7 8 4
2,47 6 ,9 5 8

469,049

2,199,462

1,434,826

S u rp lu s....... ............

618,375

SYRACUSE BINGHAMTON & NEW YORK.

-Quar. end. June 30-

1893.
1893.
$
$817,321 62 G ross e a rn in g s................ 281,815
O perating ex p en ses....... 129,739
$199,742 01
$179.057 31
136,144 64
115,021 52
N et e a rn in g s............. 152,076
244,550 60
267,223 47O th er incom e..
69,728 42
79,049 71
T o ta l............................ 152,076
$650,165 67 $640,352 01 In t., re n ta ls and ta x e s .. 44,905

N et ea rn in g s....... ........... ............................... $180,885 86 $176,969 81

Year end. »une 30.—»

1893.
$
G ross earn in g s............... 2,427,996
O perating ex p en ses___ 1,195,372

1894.
$831,051 53

Houston East & West Texas—Houston & Shreveport.—
These two roads, which are u ^ler a joint operation, have been
made standard guage the work beiog completed on July 29.
The old equipment has been remodeled and contracts made
for new, including 18 locomotives and 300 passenger and
freight cars.
Indianapolis Decatur & Springfield—Indiana Decatur &
Western.—The committee representing the first mortgage
bondholders of the Indianapolis Decatur & Springfield, who
purchased the road at the foreclosure sale on May 10 will operate
the property under the name of the Indiana Decatur & West
ern. A plan of reorganization will be formulated later. In
order to protect the interests of parties holding liens, two com
panies have been organized—the Indiana Decatur & Western
and the Decatur & Eastern Railway companies—the latter to
be leased to the first named. Executive officers and directors
of the new company have been elected, as follows: President,
H. W. Smith; Vice-President, T. W. Morris; Treasurer, F. S.
Smithers; Secretary, C. A. Smith; Directors, Wm. A. Read,
Frank C. Hollins and A, L. Mason.




DELAWARE LACKAWANNA & WESTERN LEASED LINES.

S u rp lu s.......................

107.171

—Year end. June 30.—»

1894.
$
267,685
120,238

1892-93.

1893-94.

936,350
503,730

888,095
485,461

147,457

432,620
4,071

402,634
25

147,457
44,905

436,691
178,875

402,659
178,129

102,552

257,816

224 ,5 3 0

STATEN ISLAND RAPID TRANSIT.

^Q uar. end.June 30.—»
1893.
$
‘
G ross e a rn in g s................. 279,117
O perating e x p en ses......... 185,710
N et e a rn in g s..............
In t., re n ta ls & ta x e s........
S u rp lu s...............13,047

93,407
80,360

s-Year ended Tune 30.—»

1894.
$
289,027
170,490

1892-93.
$
1,054,029
716,064

1893-94.
$
1,031,371
664,731

118,537
88,816

337,965
294,553

366,640'
309,625

29,721

43,412

57,015

Rio Grande Western.—The following is a summary of in
come account for the fiscal year ending June bO, 1894: ^
N et e a rn in g s............................................................................................- ’««/*
F ix ed charges, ta x e s , e t c ................................................................. . 7 lo ,o o o
S urplus fo r 12 m o n t h s . . . . . . .........................................- .............

$ 9 ,3 0 5

For May and June the earnings were largely reduced by
the necessity of policing against the Coxey army bands en
route from California to the East, by fliods on connecting
lines, and by the strike. The accounts of this company were
audited in October last by Messrs. Price, Waterhouse & Co.,
of London.

THE CHEONICLE.

August 11, 1894.J

C O T T O N .
F riday Night , August 10, 1894.
The Movement of the Crop , as indicated by our telegrams-

© tfm m m m l
COMMERCIAL

235

EPITOME.

from the South to-night, is given below. For the week ending
this evening the total receipts have reached 5,732 bales*
against 3,944 bales last week and 3,921 bales the previous
There has been a gain in the distribution of staple descrip week; making the total receipts since the 1st of Sept., 1893,
tions of general merchandise. Operations have been con 5,924,575 bales, against 5,070,710 bales for the same period of
ducted with the former spirit of conservatism, yet the pres 1892-3, showing an increase since Sept. 1,1893, of 853,865 bales.
Sat.
Mon.
Tues.
Wed. Thurs. F ri.
Total.
sure of absolute requirements serves to prevent longer delay Receipts at—in handling of seasonable commodities and the booking of or G a lv e s to n ......
28
140
101
203
129
84 T
246
ders is increasing. There are also a great many negotiations Velasco, & c___ ......... . . . . . . . . . . . . . . . . . . . . . . . .
96
96
434
497 1,180
2,846163
264
308
pending contingent upon the settlement of the tariff contro New O rle a n s..
4
1
22
7
6
40
versy, a result it is now believed Congress will attain at an
.........
F lo rid a ..............
early date. A repetition of alarming reports of crop damage S a v a n n a h .........
269
20
2
23
243
573
16
to com has renewed the speculative excitement in that cereal,
.........
B ru n sw ’k,& c. . . . . . .
......
......
......
2
1
34
425
causing rapid and violent fluctuation in prices, the cost at one C h a rle sto n . . . . .
......
P t. R oyal, &e.
......
time showing in excess of that on wheat. All other grains
11
23
in g to n ....
6
6
and their products have been stimulated by the increased WWilm
ash’to n , &c. . . . . . .
......
value of corn, but neither home trade nor exporters invested N orfolk..............
593
9
8
429
28
61
58
6freely at the advance. Foreign advices report a generally
6
......
good yield of wheat, and from our Northwestern States the
......
N’p o r t N., &c. . . . . . .
......
......
outward movement is free, the arrivals including a consider New Y o rk ......... . . . . . . rnudmm* . . . . . . . . . . . . ......... .........
able amount of old grain, which is accepted as an indication
that good harvesting returns are inducing farmers to market B a ltim o re .........
.........
.........
.........
497
497
their reserve stocks. At the close there were predictions of P hiladelphia &c
169
129
40
rain over the corn belt, which served to ease off tone of mar
5,732
1,120
1,100
T
ot’ls
th
is
w
eek
712
815
1,586
399
ket somewhat.
Lard on the spot has received very little attention, but prices
The following shows the week’s total receipts, the total since
have advanced in sympathy with futures, closing steady at Sept, 1, 1893, and the stock to-night, compared w ith last year.
7'80c. for prime Western,
for prime City and 8‘10c.
Stock.
1893-94.
1892-93.
for refined for the Continent. There has been nothing done Receipts to
This Since Sep. This Since Sep. 1894.
in the local market for lard futures, but prices have steadily
1893.
A ug. 10.
Week. 1 ,1 8 9 3 .
Week. 1 ,1 8 9 2 .
advanced in svmpathy with the rise in corn and in response
to stronger Western advices, closing firm.
16,668G a lv e s to n ...
7,516
84 7 |l,0 0 4 ,6 3 9
818 1,040,285
F r i d a y N ig h t , A ugust 1 0 ,1 8 9 4 .

DAILY CLOSING PRICES OP LARD FUTURES.

Sat.
S eptem ber........................... 7-45

Mon.
7-60

Tues.
7 ’65

Wed.
7-67

Ih u r s .
765

Fri7-75

New O rleans
M obile...........
F lo rid a . . . . . .
Savannah...
B r’wick,&o
C h a rle s to n ..
P. R oyal, &c
W ilm ington..
W asn’n, &c
N o rfo lk ........
W est P o in t
N’p ’tN .,& o
New Y o rk ...
B o s to n .........
B a ltim o re ...
Philadel.,& o.

44,534
96
2,346 1,873,626
40 198,035
36,501
573 9 6 5 4 9 6
98,041
42 338,838
80,838
23 189,637
499
593 491,053
6 239,365
61,619
70,529
100,916
62,115
497
169
68,244

Tot. th is wk.

5,732

56.508
2,630 1,590,385
1,001 169,404
28,159
554 782,970
140,265
498 287,627
427
60 159,900
755
876 287,662
102 194,734
22,845
127
48Í756
394 120,232
693
68,779
1,490
70,957

33,164
2,463

4 5 ,6 5 4
4,091

3,756

1,406:

Pork has been moderately active and prices have further
advanced, closing firm at $14 50@$14 75 for mess, $14@$16 50
7,776
7,893^
for short clear and $15® $15 50 for family. Cut meats have
650
been in slightly better demand and steady, closing at $@8^c.
12,215
13,880for pickled bellies, 12@101bs. ave., 63^c. for pickled shoulders
and ll%Va 12c. for pickled hams. Beef has been firm but
1,584
2,451
quiet at $8® $8 50 for extra mess, $3@$10 for packet, $10@$12
for family and $15® $17 for extra India mess. Beef hams have
5,707
10,417
advanced to $22@$28. Tallow has advanced and the close
100
was steady at 4%c. Lard stearine nominally higher at 9%c.
Oleo stearine has advanced to 7%c. Cotton seed oil closed
116,234 144,276
steady at 32^c. for prime yellow and 29c. for prime crude.
3,650
3,100
Butter is firm but quiet at I4@23c. for creamery. Cheese is
9,707
8,492:
fairly active and firm at 7@9J^c, for State factory full cream.
2,527
12,949
Eggs in moderate demand and higher at 14%@15c. for choice
Western.
9,243 5,070,710 203,293 2 69,87L
T o t a l s .....
5,732,'5,924,575
Raw sugars have been steadily held and indifferently of
In order that comparison may be made with other years, wefered, but not very active. Centrifugal quoted at 3J^c. for 96- give
below the totals at leading ports for six seasons.
deg. test and Muscovado at 2%o. for 89-deg. test. Refined
sugars sold slowly, but the market was kept well in hand and Receipts a t— 1894.
1892.
1891.
1890.
1893.
1889.
the cost advanced; granulated quoted 4%c. Other staple gro G alves’n,&o.
2,565
943
818
6
s9
438
473
ceries selling with greater freedom.
2,846
2,740
2,630
1,611
1,583
317
Coffee has found slow sale, but moderate supplies of desir New O rleans
40
1,001
53
218
85
19
able goods induced a steady tone among holders. Rio quoted M o b ile.........
554
661
876
573
233
98v
at 163^c. for No. 7, good Cucuta 20J^@20J^c. and interior S a v a n n a h ...
Char’ton,&e.
42
375
1,192
53
498
9’
Padang 23@23^c. Contracts ruled quite steady throughout
34
Wilm’ton,&
o
30
36
23
60
the week, scant offerings on the near positions serving to sup
N
o
rfo
lk
.......
593
876
398
477
57
25*
port the rest of the line. The close is firm with some shorts
228
484
6
229
99
W. Point,dso.
5
covering. The following were final asking prices :
666
1,239
1,244
32
2,577
460A ug........... .14'90c. I N ov ............................12 ’85o. I F eb..................... 12 -50c- All o th e r s ...
8 e p t . . . . . . . . . . . . l 4 ,OOo. I D e o .................. 12-65c. M a r c h ......___ 12,4 0 c
O c t . . . . . ............1 3 ’25c. | J a n . . . .
. . . . 1 2 ,55c. I

9,243

6,101

7,884 1

Kentucky tobacco has been firm but quiet; sales 150 hhds. Since Sept. 1 5924,575 5070,710 7110,6 v tl6 9 15.5 8 0 15 iO l.768 5510,437
Seed leaf tobacco has been in limited request and steady;
exports for the week ending this evening reach a total
sales for the week were 1,250 cases, as follows: 300 cases 1892 ofThe
14,167 bales, of which 10,515 were to Great Britain, 1,349*
crop, New England Havana, 16@22c.; 100 cases 1892 crop, to France
2,303 to the rest of the Continent. Below areNew England seed leaf, 22@28c.; 400 cases 1892 crop, Wiscon the exportsand
for the week and since September l, 1893.
sin Havana, 9@llc.; 200 cases 1892 crop, Zimmer’s, 14® 16c,;
Week Ending Aug. 10.
From Sept. 1,1893, o Aug. 10,1894
100 cases 1892 crop, Dutch, private terms; 100 cases 1892 crop,
Exported to—
Exporte I to—
,
Exports
Pennsylvania Havana, 11® 12c., and 50 cases 1892 crop, Penn
Total
Great
Conti
Great
Conti
from—
sylvania seed leaf, 9 g l0 ^ c .; also 700 bales Havana, 68c.@
lotal.
Brit'n. France nent. Week. Britain. France nent.
$110, and 400 bales Sumatra, $2 80@$4 45.
558,346 98,361 117.217 773,924
There has been increased interest shown in the speculative G a lv e s to n .......
75
75 ....... .
36,177
36,177
market for Straits tin, and prices have made a decided ad V elasco, <fcc__
599 7,091 773,643 411,949 437,534 1,623,12®
vance in response to stronger advices from abroad, closing New O r le a n s .. 5,143 1,349
33,674
500
M obile & P e n .
1.086
35,160
firm at 19’lOc. Ingot copper has been freely offered and prices
.........
....
111,798 32,697 372,203 516,698,
have declined, closing weak at 8'95c. for Lake. Lead has ad BS aruv na snwn aichk.......
.........
38,'555 2,600
30,155
71,310
vanced a trifle, and the close was steady at 3*55c. for domestic. C h a rle s to n * . . .
231,737 16,206 153,056 403,999
Spelter has been quiet but steady, closing at 3‘45c. for do W ilm in g to n ...
.........
63,309
99,095 167,40.4
mestic. Pig iron has been without change at $9 75@$13 for N o rfo lk ............
156,567
350
14,850 171,767
domestic.
76,497
W e st P o in t....
19,467
95,964
46,721
Refined petroleum ha3 been steady at 5’15c. in bbls., 2;65c. N’p ’t N ew s, &c
46,721
1,629 6,959 483,828 19,498 259,789 763,115
in bulk and 6*25c. in cases; crude in bbls. is unchanged, , New Y o r k ....... 5,340
32 227,810
2,765 230,575
32
Washington closing at 6c. in bbls. and 3•50c. in bulk; naphtha I B o sto n..............
43,487 6,034 154,743 204,264
B
altim
o
re........
5^c. Crude certificates have been steady, closing at 80c. bid. *
13,706
26,536
40,242
Spirits turpentine has been dull but steady at 29@29%c. | P h ila d e lp ’a ...
Rosins have declined and closed easy at $1 10@$1 15 for com- i T o ta l............ 10,515 1,349 2,303 14,167 2,677,403 588,195 1,714,813 6,180,446
mon andgood strained. Wool has been moderately active I T o tal. 1R92-9R. 10.935 3.374 4.912 19.221 2.361,5P5 560.718 1.435025 4 347 338
and firm, Hops have been in light request and weak.
^ * Including Port Royal.




IVol. LIX,

THE CHKONICLE

236

the Sales and P rices of F utures are shown ny the
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not following comprehensive table.
oleared, at the ports named. We add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert & Barrows,. Pro luce Exchange Building.
ON SHIPBOARD, NOT CLEARED--F O R

A u g . 10 at—

Other CoastGreat
B rita in . France Foreign toise.

N ew O rle a n s...
G alv esto n .........
S a v a n n a h .........
C h a rlesto n .......
M o b ile ..............
N o rfo lk .............
N ew Y ork.........
O th e r p o r t ___

1.362
Nono.
None.
None.
None.
None.
2,850
800

None.
None.
None.
None.
None.
None.
225
None.

2,453
None.
None.
None.
None.
1,45 •
9,450
500

Leaving
Slock.

Total.

262
249
50
255
None.
540
None.
None.

4,077
249
50
255
None.
1,990
12,525
1,300

29,087
7,267
7,726
11,960
2 463
3,717
103.709
16,918

T o ta l 1 8 9 4 ...

5,012

225

13.853

1,356

20,446

182,847

T o ta l 1 8 9 3 ...
T o ta l 1 8 9 2 ...

13,713
12.362

900
6 i2

7,090
8.905

2,333
579

24.036
22,488

245.835
395,898

Speculation in cotton for future delivery at this market has
been fairly active upon a somewhat irregular basis Daring
the first three days of the week under review Liverpool
trading was suspended in consequence of the bank holidays’
and the tendency here was unsettled, but the resumption o
business abroad, with better conditions than had been cal"
•culated upon, infused a firmer tone into our market. Local
feeling in regard to crop prospects has been slightly less san
guine than heretofore. During Saturday two or three “ short”
operators were seeking profits, and their covering purchases
infused strength enough to stimulate a net gain of 8 points.
The dealings of Monday and Tuesday were upon an irregular
basis, with the market subject in the main to variable
weather reports, but the general turn favored buyers,
and a net loss ■of 10 points took place during
the two days. On Wednesday, hrwever, there was a recov
ery of 6 points, and yesterday 4@5 points additional advance
took place, this gain due to stronger dispatches from Liver
pool showing contract dealing at advancing rates and a good
business in cotton on the spot, accompanied by more cheerful
reports from Manchester. To-day the price has suddenly
fallen off 9@10 points, under influence of a more promising
showing by Agricultural Bureau than had been expectel and
rumors of financial difficulties among English spinners. Cot
ton on the spot fairly active, closing weak at 6 ^c. for mid
dling uplands.
The total sales for forward delivery for the week are 412,400
bales. For immediate delivery the total sales foot up this wee k
10,370 bales, including 2,000 for export, 7,170 for consumption
— for speculation and 1,200 on contract. The following ar
the official quotations for each day of the past week—
August 4 to August 10.
Bates on and off middling, as established Nov. 22 by th •
Revision Committee, at which grades other than middlin':
may be delivered on contract:
F a i r ......... .......................... c. 1% on.
M iddling F air. .................. 7s on.
S tric t Good M iddling....... ^
on.
G ood M iddling.. .............. 5ie on.
B trio t Low M iddling......... 313 off.
Low M id d lin g .................... 7, e off.
B trio t Good O rd in ary ....... I3ia off.

Good O rd in a ry ................ o.
Good M iddling T in g e d ...
S tric t M iddling S ta in e d ..
M iddling S ta in e d ............
S tric t L ow Mid. S tain ed ..
Low M iddling S ta in e d .. . .

I 1« oft.
E ven.
7S. off.
7 , a off
2 9 oft.
13s off.

On this basis the prices for a few of the grades w juld be as
follows:
S a t.

UPLANDS.
G ood O rd in ary ............................
L ow M iddling...............................
M iddling........................................
G ood M id d lin g ....... ...................
M iddling F a ir .................. ...........

S a t.

GULF.
Good O rd in ary ................ ...........
Low M id d lin g ..............................
M iddling.............. .........................
G ood M iddling.............................
M iddling F a ir ...............................
STAINED.
Low M iddling...............................
M iddling........................................
S tric t M iddling ........................
Good M iddling T inged..............

5fti
67 16
6 78
73x6
7 \

5l3ie
6*2
61^X6
714
713lft

59ie
6 I4
62332
615lfl

5%
67ia
6 78
73i6
7%

Fri.

M o n T u es W ed T h .

6 i16 Ohe 6
6$i
6%
611x6
7316 ? 3ie 7 ^
7ifl
7 1fl
77x6
8li« 8ii« 8
S a t. M o n T u e s
5*16
623.{2
6 i6ie

Fri.

M o n T u es W ed T h .

5 '3 16 513,6 53i
6 la
6*9
67i6
613le 6 7e
73l6
74*
714
p i i « 7%

6
611x6
7^
7716
8

6li«
6%
73x6
7ifl
8ij«

6
611x6
7%
7716
8

W ed

Th.

Fri.

5%
59X6
644
63x6 63ie
62Î 32 62I 32 623 ,2
678
6 78
61&16
51«

5ifl
63,8
62*32
6 78

MARKET AND SALES.
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
same days.
SALES OF SPOT AND CONTRACT.
SPOT MARKET
CLOSED.

S a t’d a y .
M onday
T uesday
W ed’daÿ
T h u r’d’y
F rid a y ..

Steady a t *1« ad
S teady ................
Steady a t lie do.
S tead y ................
Q uiet a t ii 6 adv.
S tead y a t l i e do.

T o ta l.




E x
port.

Con- Speo- Con
sum p. u l't'n tract. Total.

822
1,727
200 1,256

1,022

201

1,10 0

400

1,200

465
1,800

2,000 7,170

. .. .
... .
... .
. .. .
. .. .
—

Sales o f
Futures.

300 2,0 ¿7
500 1,956
400 1,500
865
. .. .
3,000
. .. .

49,700
61,600
73,800
62,900
82,610
81,800

1,200 10,370

412,400

The following exchanges have been made during the week:
•08 pd. to exch. 200 S ep t fo r Oct.
•17 pd. to exch. 100 Sept, fo r Nov.
•21 n d to exch. 1,600 Oct. fo r Ja n .
•06 pd. to exch. 100 Dec. fo r J a n .
•13 pd. to exch. 100 J a n . fo r Mch.
E v en 200 Aug. no notice fo r Sept.
•07 pd. to exch. 700 Deo. fo r Ja n .
•06 pd. to exch. 100 Noy. fo r Dec.

i *06 pd. to
*15 pd. to
| ’08 pd. to
-20 pd. to
-06 pd. to
I -26 pd. to
-25 pd. to
|

exch.
exch.
exch.
exch.
exch.
exch.
exch.

100 Sept, fo r Oct.
100 Oct. fo r Dec.
200 Oct. fo r Nov.
100 Sept, fo r Dec.
300 S ept, fo r Oct.
500 Sept, fo r Ja n .
4,200 Sep fo r J a n .

The Visible Supply of Cotton to-night, as made up by cable
and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns,
and consequently all the European figures are brought down
to Thursdav evening. But to make the totals the complete
figures for to-night (Aug. 10), we add the item of exports from
the United States, including iD it the exports of Friday o n ly ,,

THE CHRONICLE.

AUGUST 11, 1894.]

1894.
1893.
1892.
1891
Stock a t L iv erp o o l......... b ales. 1,164,000 1,242,000 1,424,000 958,000
Stock a t L o n d o n ....... . ...............
20,000
6,000
9,000
17,000
T o ta l G re a t B rita in sto c k . 1,184,0001,248,000 1,433,000 975.000
33,000
Stock a t H am b u rg ........... .........
12,000
5,800
4,500
Stock a t B rem en ......................... 126,oOO 110,000 101,000
77.000
Stock a t A m ste rd a m ................
13,000
15.000
24.000
21.000
Stock a t R o tte rd a m ...................
100
200
200
300
Stock a t A n tw e rp ....« ........... .
19,000
12.000
9,000
S,0uu
Stock a t H a v re ........................... 359,000 364.000 397,000 205.000
Stock a t M a rseilles........... ........
7,000
7,000
11.000
10,000
Stock a t B a rc e lo n a ....................
74,000 103.000
76.000
89.000
Stock a t G enoa....... ...................
j 6,000
24.000
13.000
10.000
Stock a t T rie s te .........................
36,000
31.000
52.000
47,000
T o ta l C o n tin en tal stocks.
683,100 678,200 692,000 471,800
T o tal E u ro p ean s to c k s . . . . 1,867,100 1,92«,200 2,125,000 1.446,800
In
d ia
co tto n aflo atffo r E u ro p e.
37,000
46,000
46.000
45.000
Ain
AP.
A aaa
m78,000
t<-» aaa
»»^
~
Am
er, P.nt.t^Tl
c o tt’n afloat fo r E u ro p e.
49,000
52.000
2 5, OOP
E gypt, Brazil, <feo. ,aflt fo r E ’r ’pe
16,000
21,000
21.000
11,000
S to o k in U n ited S tates p o r ts .. 20 *,293 269,871 418,386 204,593
Stock in U. S. in te rio r to w n s ..
59,935
84 667 147,953
57,237
U nited S ta te s e x p o rts to -d ay .
1,031
6,604
103
8
T o tai visib le su p p ly ...........2,233,359 2,432,342 2,810,442 1,789,638
o t tn e above, to talso fm erio an a n d o th e r d escrip tio n s a re as follow s:
a Tïtcirxcciïir—
Liverpool sto c k .............. b a le s. 976,000 991,000 1,205,000 737.000
C o ntinental s to c k s .................... 506,000 539,000 490,000 297.000
A m erican afloat fo r E u ro p e ...
49,000
78,000
52,000
25,000
a î aî es •8tock.................... 203,293 269,871 418 386 204,593
Snîïe?âîaîe8mtenorstocks-59,935
84,667 147,953
57,237
U nited S ta te s e x p o rts to -d ay .
1,031
6,604
103
8

1,795,a5“ M6iUi:2 2’313’112 i 555® 5

Q u o t a t io n s

237

fo r

Mid d l i n g C o t t o n

at

Oth e r Ma r k ets.—

Below we give closing quotations of middling cotton at South
ern and other principal cotton markets for each day of the week *
Week ending
A u g . 10.

CLOSING- QUOTATIONS FOB MIDDLING COTTON ON—

S atur.

M on.

Tues.

Wednes.

T hurs.

658

6^8

6*8

63s
63a
69i«
65s

63s

G a lv e sto n ...
New O rleans
M obile........
S a v a n n a h ..
C h a rle s to n ..
W ilm ington
N o rfo lk ......
Boston .......
B a ltim o re ...
P hiladelphia
A ugusta . .
M em phis ...
8t. Louis . . .
H ouston . . .
C in c in n a ti..
L ouisville...

6®8

6®16
658
642
6%
t>t3ie
t>78
7H
7

6\
6 78

638
7H
7H

65s

6^8

61» 8
fil»!«
7H
73a
7
6%
6 7e
638
7H
7H

65s
£**16
65s

6*2
6®8

6*2

613le
«1&18
7H
7%
7
6%
6 7s
63a
7^4
7*8

65s
6 Jfie
6 78

7H
7°16
7
6%
6 7a
6 »i 6
7H
7*8

F ri.
6 <fe
65g
69 g
65g
6*9
6%
61318
61Bl«

6*8
6» 6

ts s

6*2

65g
61316
6 78

7*4

714

7

7%
7
6%

7H
7H

69 8
7H
7H

739

6%
6 7s
6916

6 78

The closing quotations to-day (Friday) at other important
Southern markets were as follows.
A tla n ta . . . . . . . .
69le L ittle R o c k ...
6 4 I N ew b erry ................ .
Colum bus, G a. 63s
M ontgom ery..
6 4 I R a le ig h ......... .
64
Colum bus, M iss 6 4
N a s h v ille .......
64
Selm a.................
64
E u fa u la ...........
64
N a tc h e z ......
I I S h____
| ^
6716
re v e p_______
o rt.....
63.g
R e c e i p t s f r o m t h e P l a n t a t io n s . —The following table

L iverpool sto c k ........................... 188,000 251,000 219.000 221,000
London s to c k ..............................
20,000
6,000
9,000
l'.OOO
C o ntinental sto c k s..................
17?!lOO 139,200 202.000 174,800
3 ',0 0 0
In d ia afloat fo r E u ro p e ......... ..
46.000
46.000
45.000
E gypt, B razil, &c„ aflo at.........
16,000
21.000
21.000
11.000
T otal E a s t In d ia , &c........... 4o8,100
T o ta l
1 ,7 9 5 ^ 5 9 1,9 6 M 4 2 2 ,3 1 3 ^ 4 2 1.32o’?39

indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.

C53535S

Week
Receipts at the Parts. St’k at Interior Towns. Rec’pts from, P lant’ns,
Uncling—

M iddling U pland, L iv erp o o l..
M iddling U pland, New Y ork..
E g y p t Good Brown, L iverpool
Peruv. R ough Good, Liverpool
B roach F ine, L iv e rp o o l...........
T innevelly Good, L iv e rp o o l...

'

3 78d
6 78C.
4i3lfid.
5U 1(sd.
315 , fid
3 %d.

47lbd.
7 11i,c .
55i«d.
63sd.
4H d.
_ d.
45u

3A5,6d.
7 Ho.
4%d.
5%d.
3 i5]fd.
■
■
3 78d.

4ifid.
8c.
6i«d.
9d.
4®ie3.
u
4 1ëcl

The imports into Continental ports the past week have
been 36,000 bales.
The above figures indicate a decrease in the cotton in sight
of } 98’983 bajes as compared with the same date
f } S%h o ^ deC1T ase ■of °77’083 bales from the corresponding
date of 1892 and an increase of 443,721 bales over 1891.
A T t h e I n t e r i o r T o w n s the movement—that is the receipts
for the week, and since September 1, the shipments for the
W6©K and the stocks to-night, and the same items for the
corresponding period of 1892-93—is set out in detail below.

§ £¡2 S.8 2

BS^E ag-ls &§•§ g f g .ig |g g ÿ ® f i 1

J u ly 6 .......
“ 13.......
“ 20.......
“ 27.......
Aug. 3 .......
“ 10.......

1892.

1893.

12,874
16,176
12,075
5,979
8,656
6,101

16,384 10,119 174,541 125,780 79,386
15,762 6,910 165,696 120,466 76,577
11,091 3,812 159,289 110,269 73,105
10,205 3,921 155,507 97,788 65,945
10,713 3,944 152,473 91,661 62,859
9.243 5,732 147,953 84,667 59,935

1894.

1892.

1893.

1894.

H 1 C O K I© *

»s
^ S’

1893.

4,794
6,771
7,328 10,448
5,668
894
2,197
5,622 4,576
1,681 2,259

1894.
3,920
3,101
340
858
2,808

The above statement shows: 1.—That the total receipts from
the plantations since Sept. 1 in 1893 are 5,908,344 bales; in
1892-93 were 5,026,743 bales; in 1891-92 were 7,202,683 bales.
2.—That although the receipts at the outports the past week
were 5,732 bales, the actual movement from plantations was
2,808 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 2,259 bales and for 1892 they were
1,581 bales.
W e e k l y O v e r l a n d . — In consequence of the smallness of
the cotton movement, the detailed statements of weekly over
land will be omitted until the beginning of the new crop year.
A m o u n t o f C o t t o n i n S ig h t A u g . 10.—In the table below
we give the receipts from plantations in another form, and
add to them the net overland movement to Aug. 10, and also
the takings by Southern spinners to the same date, so as to
give substantially the amount of cotton now in sight.
»
1893-94.

o.; 000to;

1892.

1892-93.

1891-92.

R eceipts a t the p o rts to A ugust 1 0 ..
5,924,575 5,070,710 7,110,664
In te rio r stocks on Aug. 10 in excess of |
S eptem ber 1 ..................... .............. .
*16,231 *43,967
92,024
S o u th ern consum ption to A ugust 10___

5,908,344 5,026,743 7,202,688
812,992 847,728 1,183,012
675,000 657,000 617,000

T otal in sig h t A u g u st 1 0 ..................... ,7,396,336
7,396,336 6,531,471 9,002,700
MHtO'
*-w©;

®

M

1,577,585 1,709,657 2,178,092
WM CBHM;
Ml-*
N). m m * MM
?5aî??2ESe,?* 7???®ÏÇ0Q0M?pe»!
o ; 5>©ks
0'0©3*>Aî»œ© X co ©
*
S oa

MM
©WOO-q

050*05

Sg
5S* .Ï
te

00 >“ ' © £ - GO © CO tf*-M © © « © t o -q

0 > 0 * 0 * © 0 0 5 * \5 0 0 0 5 0 * 0 t0

00O»HcoiQc»toVwb

©bi ©Id w'co'qoV
© ff*' 00 03 © ÜI

» . . -, . - ■

•*

© O C J « |^ © i-* © 0 0 > A k © C J l© © © C ’3tO

•—

'm-' -

o*©toi^i^oiuiiii5©©
<im

I'm r—

©fcO < j!

r~ r - r v P-

O ' CO

^ ^

to •

p*

rO lU

GO1 CJi 03 © it* CO © 9-4

©tac», © m oi ©©©©.' o*i^©êw©Qo

to; ©bO

* D ecrease from S eptem ber 1.

Mw-1»M

b3 MkO

I
f lCi
ç©»
sa
S 1-3S
S.
g.
S
S*09 S
K
S Sü

* L ouisville figures “ n e t ” in b o th y ears.
t T his y e a r’s figures estim ated .
1 L a st y e a r’s figures a re fo r S herm an, T ex as.

The above totals show that the interior stocks have decreased.
during the week 2,924 bales and are now 24,732 bales less than
at same Period last year. The receipts at all the towns have
been 1,165 bales more than same week last year and since
Sept, 1 are 448,120 bales more than for same time in 1892-93,




It will be seen by the above that the increase in amount in
sight to night, compared with last year is 864,865 bales and
the falling off as compared with 1891-92 is 1,606,364 bales.
W e a t h e r R e p o r t s b y T e l e g r a p h . —Our telegraphic ad
vices this evening indicate that there have been good rains
over the greater part of the S ate of Texas the past week and
that crops have been much benefited thereby. On the
other hand,in some sections along the Atlantic, more especially
in the Carolinas, there has been too much moisture. Else
where in the main the conditions have been favorable. There
are complaints of rust and shedding from limited areas in
Mississippi, Arkansas and Alabama. The first bale of new
Alabama cotton reached Selma on Thursday.
Galveston, Texas.—We have had showers on three days of
the past week, the rainfall reaching fifty-seven hundredths of
an inch. The thermometer has averaged 80, ranging from 72
to 87.
Huntsville, Texas.—There have been good rains on three
days of the week, the precipitation reaching one inch and
thirty-six hundredths. The thermometer has ranged from 62
to 96, averaging 79.
Palestine, Texas.—Cotton is splendid. It has rained on
three days of the week, the rainfall being two inches and
twenty-three hundredths. Average thermometer 77, highest
96 and lowest 58.
Dallas, Texas.—Sunshine and dry weather would be ben
eficial. It has rained heavily on three days of the week. The

238

!.

THE CHRONICLE.

lvol. u x

.

Wilson, North Carolina.—W e have had rain on four days
thermometer has averaged 74, the highest being 94 and the
of the week, the precipitation reaching eight inches and five
lowest 54.
San Antonio, Texas.—We have had heavy rain on three hundredths. Average thermometer 75, highest 91, lowest 62.
The following statement we have also received by telegraph,
d a y s of the week, just as needed, the rainfall reaching five
inches and fifty-two hundredths. The thermometer has aver showing the height of the rivers at the points named at
8 o’clock August 9, 1894, and August 10, 1893.
aged 79, ranging from 62 to 96.
Lulirig, Texas.—Cotton has been greatly benefitted by the
A ug. 9, '94. Aug. 10, *93.
moisture. We have had rain on three days during the week,
Feet.
Feet.
with a precipitation of three inches and forty-seven hun
5-0
3-7
O rle a n s . . . .
dredths. The thermometer has ranged from 66 to 96, aver New
7*5
___Above
low
-w
ater
m
a
rk
.
4-0
M em phis.............
3-5
1*6
N ashville............. ___A bove low -w ater m a rk .
aging 81.
2-2
20
Columbia, Texas.—Cotton is doing well. We have had rain S h re v e p o rt......... ....A b o v e low -w ater m a rk .
5*4
9-4
on three days of the week to the extent of three inches’ and V ick sb u rg ........... ___Above low -w ater m a rk .
I ndia. Cotton Movement F rom all P orts.—The receipts
fourteen hundredths. Average thermometer 79, highest 92,
and shipments of cotton at Bombay have been a3 follows for
lowest 66.
Cuero, Texas.—Prospects are splendid. It has rained on the week and year, bringing the figures down to August 9.
five days of the week, the precipitation reaching three inches
BOMBAT RECEIPTS AND SHIPMENTS FOR FOUR TEARS.
and thirty-one hundredths. The thermometer has averaged
Receipt*.
Shipm ents th is week. S h ip m en ts since Sept. 1.
82, the highest being 96 and the lowest 68.
Since
Brenham, Texas.—Cotton looks very promising. Rain has re a r Great C onti T otal. G reat C onti T o ta l. T his
Week. Sept. 1.
B rita in n en t.
B r it’n. n en t.
fallen on four days of the week, to the extent of four inches
and thirty-six hundredths. The thermometer has averaged 93-4
47.000 758.000 805.000 10,000 1.755.000
483, ranging from 68 to 98.
’92-3 i',000 7,000 ¿‘,000 44.000 803.000 8 4 7 /'0 0 7.000 1.726.000
69.000 828.000 89 7,000 6.000 1.740.000
! Belton, Texas.—There has been beneficial rain on two days of 91-2
i ',000 ijô o o 103,000 918,000 1.021,000 16,000 2.045.000
the week, the rainfall being eighty-eight hundredths of an 90-1
inch. The thermometer has ranged from 64 to 96, averaging 80.
According to the foregoing Bombay appears to show
Fort Worth, Texas.—Telegram not received.
an increase compared with last year in the week’s receipts of
Weatherford, lexas.—We have had rain on three days of 3,000 bales and a decrease in shipments of 8,000 bales, and
the past week, and the crop has been benefitted. The rainfall she shipments since Sept. 1 show a decrease of 42,000 hales.
sreached five inches. The thermometer has averaged 73, the The movement at Calcutta, Madras, and other India ports f <t
highest being 88 and the lowest 58.
«he last reported week and since the 1st of September, for two
New Orleans, Louisiana.—Rain has fallen on three days of years, has been as follows, “ Other ports” cover Ceylon,
the week, the precipitation being fifty hundredths of an inch. Tuticorin. Kurrachee and Ooconada.
______ ______
The thermometer has averaged 80.
Shipm ents since Sept, a
Sh ip m en ts fo r the week.
Shreveport, Louisiana.—There have been rains on four days
Great
C onti
Great
o f the week, the precipitation reaching one inch and eightyTotal.
B rita in . Continent. Total.
B rita in . nent.
six hundredths. The thermometer has ranged from 61 to 94,
averaging 76.
O aloatta—
87,000
108,000
21,000
Columbus, Mississippi.—Some planters complain of shed 1893-94...
1,000
1,000
54,000
43,000
11,000
1892-93...
ding and lust. There has been rain on two days of the past
M
adras—
week, the rainfall being seventeen hundredths of an inch.
38,000
15,000
23,000
1893-94...
Average thermometer 78, highest 95, lowest 65.
6,000
16,000
10,000
1892-93...
Leland, Mississippi.—Rain has fallen on three days of the All o th e rs —
124,000
90,000
34,000
4.000
4,000
1893 9 4 ...
week to the extent of eighty-eight hundredths of an inch.
91,000
63,000
28,000
2,000
2,000
1892 9 3 ...
.........
Thermometer has averaged 74'6, the highest being 89 and the
lowest 63.
T otal a ll—
192,000
270,000
78,000
5,000
5,000
1893-94...
Meridian, Mississippi.—Telegram not received.
161,000
112.000
49,000
2,000
2,000
1892-93...
.......
Little Bock, Arkansas.—There has been but a trace of rain
The above totals for the week show that the movement from
on one day of the past week. The thermometer ranged from
the ports other than Bombay is 3,000 bales more than the same
-60 to 92, averaging 76’1.
Helena, Arkansas.—Crops, especially corn, are needing week last year. For the whole of India, therefore, the total
rain. Some complaints of rust and blight are heard. Dry shipments since September 1,1893, and for the corresponding
weather has prevailed all the week. Average thermometer periods of the two previous years, are as follows:
highest 91 and lowest 60.
EXPORTS TO EUROPE FROM ALL IN D IA .
Memphis, Tennessee.—Crops are generally in-good condition,
1891-92
1893-94.
1
1892-93.
but some sections need rain. Rain fell here on one day in the
Shipm ents
■early part of the week, the rainfall reaching twenty-eight (o a ll E urope T his
Since
T h is
S in ce
T h is
Since
fr o m —
week.
Sept. 1.
Sept. 1.
week.
hundredths of an inch. The thermometer has averaged 76’9,
Sept. 1.
week.
the highest being 95 7 and the lowest 59’8.
897.000
8,000 847.000
805.000
...
Nashville, Tennessee.—There has been but a trace of rain the BUolomthb ea yr p..o. .rts
3,000 181.000
2,000 161.000
5,000 270.000
.
past week; the thermometer has averaged 77, ranging from
3,000 1,078,000
5,000 1,075,000 10,000 1,008,000
T o ta l..........
*60 to 95.
Mobile, Alabama.—Crop reports are very fine. We have
ALEXANDRIA RECEIPTS a n d S h ip m e n t s .— Through arrange
had rain on six days of the week, the rainfall being two ments we have made with Messrs. Davies, Benachi & Co,, of
inches and fifty-three hundredths. The thermometer has Liverpool and Alexandria, we now receive a weekly cable of
ranged from 70 to 89, averaging 80.
the movements of cotton at Alexandria, Egypt. The following
Montgomery. Alabama.—Cotton looks splendid and is open are the receipts and shipments for the past week and for the
ing rapidly. We expect the first new bale to-morrow. There corresponding week of the previous two years.
has been rain on five days during the week, the rainfall being
fifty-five hundredths of an inch. Average thermometer 77, A le xa n d ria , E gypt,
1891-92
1892-93.
1893-94.
I
A ugust 8.
highest 85 and lowest 69.
Selma, Alabama.—Rust has appeared on uplands. Bottoms R eceipts (o a n ta rs * )....
2,000
2,000
are good, but maturity has been delayed. We have had rain
T h is w e e k ....
4,664 000
5.143.000
4.978.000
S ince S ept. 1 .
on four days of the week, the rainfall being thirty hundredths
Since
T h is
of an inch. The thermometer has averaged 76, the highest
S ince
T h is
S ince
T h is
week. Sept. 1. week. Sept. 1. week. Sept. 1 .
being 89 and the lowest 64.
Madison, Florida.—W e hear great complaint of too much
(bales)—
moisture. It has rained on fire days of the week, the rain E tporcs
To L iv e rp o o l............. 1,000 321.000 4.000 311.000 2.000 329.000
fall reaching three inches and ten hundredths. The ther To C o n tin e n t......... . 7,000 318.000 4.000 347.000 7,000 277.000
mometer has averaged 80 and ranged from 70 to 88.
8,000 658,000 9,000 606,000
T o ta l E u ro p e ......... 8,000 639 00
Columbus, Georgia.—Rain has fallen on two days of the
* A c a n ta r is 98 pounds.
week to the extent of one inch and fifty-seven hundredths.
This statement shows that the receipts for the week ending
The thermometer has ranged from 64 to 88, averaging 78.
Savannah, Georgia.—We have had rain on six days of the Aug, 8 were 2,000 cantara and the shipments to all Europe
week, the precipitation reaching three inches and ten hun 8,0u0 bales.
Manchester Market.—Our report received by cable to 
dredths. Average thermometer 80, highest 95 and lowest 68.
Augusta, Georgia.—The crop is improving under the in night from Manchester states that the market continues dull
fluence of more favorable conditions, and the outlook is satis for yarns and steady for sheetings. Production is being cur
factory. There has been rain on three days of the week, the tailed slowly. We give the prices for to-day below and leave
precipitation reaching three inches and fifty-five hundredths. those for previous weeks of this and last year for comparison:
The thermometer has averaged 76, the highest being 94 and
1893.
1894.
the lowest 62.
Oott’n
Oott’n
Charleston, South Carolina.—We have had rain on four
8*4 lbs.
32«
Cop.
8
H
lbs.
3 2 f Cop.
M id.
M id.
days of the week, the precipitation reaching four inches and
S h irtin g s.
Shirtings.
Twist.
Vpld%
TJplds Tw ist.
forty-two hundredths. The thermometer has averaged 79,
d.
d.
d.
d. s, d. s. d.
ranging from 70 to 95.
d.
d. s. d. s. d.
430
6131(58758 5 6i«®7 4
7*a 4
' Stateburg, South Carolina.—Some damage has resulted J u ly 6 6 ® 6% 44 8*a®6
41«
5
7
®
7
4
6
78
®7®8
8 ®6 7
13
from the excessive rains. There has been rain on five days ““ 20
4 8 ®6 7
315,6 6% ®7»3 5 7 ®7 41« 4 1«
of the week, the rainfall reaching eight inches and twenty- “ 27 578 ® 634 4 7is® 6 6ifl 3*8 6% ®71* 5 7 ® 7 4i« 41«
5 7 ® 7 41« f l l 6
nine hundredths. The thermometer has ranged from 62 to Aug. 3 5% ®65s 4 7 ®6 6 3 i316 611l6®7*«
4716
** 10 5% <® 65s 4 7 ® 6 6
3 78 6 U lw®7i3 5 7i«® 7 5
86, averaging 74’4.




THE CHRONICLE,

A ugust 11, 1894.]

239

Sea. I sland Ootton Movement.—We have received this
Cotton Crop Circular.—Oar Annual Cotton Crop Review
(Friday) evening by telegraph from the various ports the
will
be ready in circular form about Thursday, the 6th of
details of tne Sea Island ootton movement for the week The
receipts for the week ending to-night (August 10) and since September. Parties desiring the circular in quantities, w ith
Sept. 1, 1893, the stocks to-night, and the same items for the
their business card printed thereon, should send in their
corresp >nding periois of 1893 93, are as follows.
orders
as soon as possible, to ensure early delivery.
1893-94.
1892-93.
Slock
N ew A labama Cotton. —The first bale of New Alabama
cotton was received at Selma on Thursday, August 10. Last
S av an n ah ..
54,178
35,481
925 1,509 year the first bale reached Ozark August 2, or eight days
2,245
C h a rle sto n ..
6,093
33
**33
362 earlier. In 1893 the first arrival was at Dothan on August 3
3,571
F lo rid a, &o.
3,775
735
146
in 1891 Selma received the first bale on August 6 and in 1890
T otal.
33 59,994 ......... 45,329 1,999 2,017
the first arrival was at Montgomery on August 2.
The exports for the week ending this evening reach a total
E uropean Cotton Consumption to A ugust 1.—We have
of 17 bales, of which 17 bales were to Great Britain, — to
France and — to Reval, and the amount forwarded to received to-day by cable Mr. Ellison’s cotton figures brought
Northern mills has been 50 bales. Below are th j exports for down to August 1. The revised totals for last year have also
the week and since September 1 in 1893-94 and 1892-93.
been received and we give them for comparison. Spinners’
Week E n d in g A ug. 10. Since Sept. 1, 1893. N orth'n Mitts. takings in actual bales and pounds have been as follows:
Receipts to A u g . 10.

E xports
from —

S a v a n n a h ...
O harl’t ’n, &c
F lo rid a, &o.
N ew Y o rk ..
B o s to n ........
B a ltim o r e ..

This
This
Since
Since
week. Sept. 1. week. Sept. 1. 1894.

1893.

Great F r’nce
Great F r’nce
Total. B rit’n. etc.
Total.
B rit’n. (êc.

Since
Week S ep l.l

......... 22,932 2,326 25,258
386
17
403
125
125
17 3,688 2,343 6,031
5,420
5,420
72
72

50 18,107
1,227
3,141

........

... ...

17

T o ta l........

17

T ot. 1892-93

100

, . . . k

17 32,623

4,686 37,309

*
50 22,475

100 20,501

1,901 22,402

34 22,851

A considerable portion of the Sea Island cotton shipped to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead of including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table of including it when
actually exported from New York, &c. The details of the
shipments of Sea Island cotton for the week will be found
under the head “ Shipping News,” on a subsequent page.
Quotations August 10 at Savannah, for Floridas, common,
13c.; medium fine, 153^c.; choice, ll% c.
Charleston, Carolinas, medium fine, 20 to 23c.; fine, 25 to
30c.; extra fine, 30 to 40c., all nominal.
J ute Butts, B agging, &c.—The demand for jute bagging
has been of a fairly satisfactory character during the week
under review. The close to-night is at 6c. for
lbs., 6 ^c.
for 2 lbs. and 7c. for standard grades in a jobbing way. Quo
tations for car-load lots of standard brands have also ruled
steady at 6c. for 1% lbs., 6J^c. for 2 lbs. and 7c. for 2 ^ lbs.,
f. o. b. at New York. Jute butts continue dull and nominal
on the spot.
D omestic Exports of Cotton Manufactures.—Through
the courtesy of Mr. W. G. Ford, Chief of the Bureau of
Statistics, we have received this week a statement showing the
exports of domestic cotton manufactures for June and for
the twelve months ended June 30,1894, with like figures for the
corresponding periods of the previous year, and give- them
below:
ion (colored and uncolored)
exported to—
Germany ................................
Other countries in Europe....
British North Amerioa.........
Mexico................... ...............
Central American States and
British Honduras...............
Cuba...... ............... .................
Puerto Rico............................
Santo Domingo......................
Other West Indies.................
Argentine Republic...............
Brazil .....................................
United States of Colombia...
Other countries in S. America
China................ ......................
Brit. Posses’ns in Australasia
British India and East Indies
Other countries in Asia and
Oceanica...............................
A frica....................................
Other countries......................

. Month ending June 30. 12 mos. ending June 30.
1894.
8

Total yards of above...
Total values of above...
Value per yard.....................
Cotton exported to—

U n ite d K in g d o m ......................
G e rm a n y ......................................
F r a n c e . . . ................................. L,
O th e r c o u n trie s in E u r o p e ...
B ritis h N o rth A m e ric a ..........
M e x ic o .................................
C e n tra l A m e ric a n S ta te s & B ritis h
H o n d u ra s ...........................................
C u b a .........................................................
P u e r to R i c o .........................................
S a n to D o m in g o ....................................
O th e r W e s t I n d i e s . .
A rg e n tin e R e p u b lic .......................... !
B ra z il................. .................. .................
U n ite d S ta te s o f C o lo m b ia .!..!!!!’
O th e r c o u n trie s in 8o. A m e rio a ...
B ritis h p o sse ssio n s in A u s tra la s ia
O th e r c o u n trie s in A sia and
O c e an ica.......................................
A fric a ......................................................
O th e r c o u n tr ie s ..................................

Total value of other manufac
tures o f .................................

925,939
204.S1Í
62.215
124,347
273,557

1893.

1893.

273,875 9.159.028 0.798,705
17,139 1,720,385
151.092
50,000
704.23
1,045,624
4,005,v<1* 10, 101.021 11,191,102
513,588 4.552.888 4.245,904
353,905
45,175

968,745
104,104
2.40C
20,357
600,1>3J
177,837
1,690,177
232,091
1,712,544
4,353,00(1
57,237
03,000

105.085
885,338
173.700
2,496.086
293.580
2,018,889
2,160,833
25.771
18,000

1.013,818
1,040,358
2,131,300

325,35?
807,963
802,600

16,319,310

1894.

8,007,473
501.257
268.433
5.171,125
12.935,010
8,9.5.813
19,317,055
2,937.783
20,107,864
51,739.700
583.2 <7
5,881,292

F o r 1 8 9 3 -9 4 .
Takings b y s p in n e rs ...b a le s
A verage w eight of bales.lbs

Great B rita in .

Continent.

Total.

2,867,000
3,781,000
6,648,000
477
463
469
1,367,359,000 1,750,603,000 3,117,962,000

F o r 1 8 9 2 -9 3 .
•
T akings b y sp in n e rs ...b a le s
2,355,000
3,434,000
5,789,000
A verage w eight of bales.lbs.
493
475-3
463
T akings in p o u n d s................ 1,161,310.000 1.590.252.000 2,751,562,000

According to the above, the average weight of the deliveries
in Great Britain is 477 pounds per bale this season, against
493 pounds during the same time last season. The Continental
deliveries average 463 pounds against 463 pounds last year,
and for the whole of Europe the deliveries average 469
pounds per bale against 475*3 pounds last season. Our
dispatch also gives the full movement for this year and last
year in bales of 400 pounds.
Oct. 1 to A ug. 1.
Bales o f 400 lbs. each
0008 om itted.

1893-94.

1892-93.

Great
B rita in

Conti
nent.

Total.

Great
B rita in

S pinners’ stock O e t l
Takings in O c to b e r..

68,
316,

258,
285,

326,
601,

114,
308,

337,
223,

4 51,
536,

T o ta l su p p ly .......
Oonsump. O ct., 4 w ks

384,
320,

543,
368,

927,
688,

422,
320,

565,
352,

987,
672Í

S pinners’ stock Nov. 1
Takings in N ovem ber

64,
326,

175,
388,

239,
714,

102,
352,

213,
411,

315,
763,

T otal su p p ly .........
Oonsump. Nov., 4 w ks

390,
320,

563,
368,

953,
688,

-454,
248,

624,
352,

1,078,
600,

Spinners’ stock Dec. 1
Takings in D ecem ber.

70,
403,

195,
545,

265,
948,

206,
323,

272,
514,

478,
837,

T o ta l su p p ly .........
Oonsump. Deo., 5 wks.

473,
400,

740,
460,

1,213,
860,

529,
329,

786,
440,

1,315,
769,

S pinners’ stock Ja n . 1
T akings in J a n u a ry ..

73,
394,

280,
488,

353,
882.

200,
240,

346,
416,

546,
656,

T otal su p p ly .........
Oonsump. J a n ., 4 wks.

467,
320,

76S,
363,

1,235,
688,

440,
220,

762,
352,

1,202,
572,

S pinners’ stock Feb. 1
T akings in F e b ru a ry .

147,
399,

400,
443,

547,
842,

220,
264,

410,
376,

630,
640

Conti Total.
n ent.

0.002,594
708,687
139,750
1.018,085
18.018,371
4,354.157
19,488,281
2910.898
18,155.880
27.700,042
205.431
2,515,019

T otal su pply.........
Oonsump. F eb., 4 wks.

546,
320,

843,
368,

1,389,
688,

484,
220,

786,
352,

1,270,
572,

S pinners’ stock Mch. 1
T akings in M arch.......

226,
387,

475,
454,

701,
841,

264,
299,

434,
419,

693,
718.

7.500,491 8,920,570
4,527,079 9,194.880
9.831,315 10.300,396

T otal su p p ly .........
Consump. M ar., 5 wks

613,
40»,

929,
460,

1,542,
860,

563,
275,

8 53,
440,

1,416,
715,

S pinners’ stock A pr. 1
T akings in A p ril.........

213,
293,

469,
459,

682,
752,

288,
232,

413,
384,

701,
616,

T otal su p p ly .........
Consum p. Apr., 4 wks.

506,
320,

928,
368,

1,434.
688,

520,
292,

797,
352,

1,317,
644,

S pinners’ stock M ay 1
T akings in M ay...........

186.
320,

560,
515,

746,
835,

228,
297,

445,
489,

673,
736,

T otal s u p p ly .___
Consump. M ay, 5 wks

506,
400,

1,075,
460,

1,58 L,
860,

525,
390,

934,
440,

1,459,
830,

S pinners’ stock J u n e 1
T akings in J u n e .........

106,
315,

615,
450,

721,
765,

135,
332,

494,
430,

629,
762,

T otal su p p ly .........
Consump. Ju n e , 4 w ks

421,
320,

1,065,
368,

1,486.
688,

467,
320,

921,
352,

1,391,
672,

8pinners’ stock J u ly 1
T akings in J u ly ...........

101,
265,

697,
349,

793,
614,

147,
256,

572,
308.

719,
564,

T otal su p p ly .........
Consum p. J u ly , 4 w ks

366,
320.

1,046,
368.

i,4 l2 ,
668,

403,
320,

880,
3 >2,

1,283,
672,

46, 1 678,

724,

83,

528.

611,

14.902,081 185.S87.736

$«27,022
$*0568

$ü6ó,cft)u
$■0649

$41,559
19,04)
270
9,103
217,787
13,218

$21,596
9,925
238
10,923
73,716
14,994

$301.807
104,835
9.S49
97,175
1,275,440
151,575

$241,670
119.434
7,307
41,285
1,358,001
140,323

5,384
7,237
451
33
5,942
1,791
12.830
2,201
3.64H
6,194

0,078
4,818
247
312
4.598
5,536
5,721
0,270
5.996
3.290

71.424
62,701
8,762;
11,355
62,287
32,481
103,143
40,052
48 201
71,485

70.589
72,819
0,620
5,858
57,912
56.877
70,782
88.511
50.147
57,851

14,790
2.W87
2,113

20,050
3,578
1,843

240,424
10,405
16,340

202,853
18,587
11,879

$9,108.484
$•0018
$■0033

$306,469
$200.335 $2.845,897 $2.700,871
A g g re g a te v a lu e o f all c o tto n goods $1.293.791 $1.106.095 $
*11 809.355




October 1 to A u g u st 1.

S pinners’ stock Aug. 1

THE CHRONICLE.

240

The comparison with last year is made more striking by
bringing together the above totals and adding the average
weekly consumption up to this time for the two years.
Oct. 1 to A u g . 1.
Bales o f 400 lbs. each.
000s omitted.

1892-93.

1893-94.
Great C onti
B rita tn nent.

Total.

Great Conti
B rita in nent.

Total.

68,
S pinners’ stock O et. 1.
T akings to A ug. 1 ___ 3,418,

258,
4,376,

326,
7,794

114,
2,903,

337.
451
3,975, 6,878,

S u p p ly .......................... 3,486,
O onsum pt’n 43 weeks. 3,410,

4,634,
3,956,

8,120,
7,396

3,017,
2,924,

4,312 7,329,
3,784. 6,718,

46,

678,

724,

83,

S pinners’ stock Aug. 1

528.

611,

’Weekly C onsum ption,
0Os omitted.
172,0
80,0
168,0
88,0
I n O ctober................ 80,0
92,0
150,0
172,0
62,0
88,0
I n N ovem ber............ 80,0
92,0
88,0
154,0
66,0
172,0
I n D e c e m b e r........... 80,0
92,0
88,0
143,0
55,0
172,0
I n J a n u a r y .............. 80,0
92,0
88,0
143,0
55,0
172,0
I n F e b r u a r y ............. 80,0
92,0
143,0
88,0
55,0
I n M a rc h ..................
80,0
92,0
172,0
73,0
88,0
161,0
172,0
I n A p ril.....................
80,0
92,0
88,0
78,0
166,0
172,0
92,0
80,0
I n M a y .....................
88,0
80,0
168,0
172,0
I n J u n e ......... ........... 80,0
92,0
88,0
168.0
80.0
92, b
172.0
80,0
I n J u ly ......................
N o t h .—Mr. E lliso n h a s rev ised his figures of co nsum ption fo r th e
C o n tin en t th is season by ad d in g 1,000 bales p e r w eek.

(VOL. LiX,
1892-93.

1893-94.

1891-92.

1890-91.

1889-90.

1888-89.

To. J ’ly 31 5,917,278 5,055,837 7,097,149 6,900,846 5,792,487 5,507,909
Ang. 1 ___
582
1,664
1,095
646
12
1,316
361
1,524
“ 2 ....
320
S.
230
100
1,569
“ 3 ....
663
2,015
1,113
4
B.
2,036
“ 4 ....
815
1,397
1,477
403
S.
1,040
1,903
S.
1,026
253
118
“ 5 ....
712
“ 6 ....
B.
189
253
420
979
52
1,737
1,586
939
209
“ 7 ....
S.
6,590
399
1,492
1,353
59
« 8 ....
1,246
2,207
524
1,100
S.
203
1,146
“ 9 ....
1,025
37
1,120
S.
1,499
427
“ 1 0 ....
T o t a l . . 5,924,575 5,069,442 7,108,429 6,909,987 5,801,210 5,509,068
P e rcen tag e o f to ta l
99-30
98-72
98-93
99-28
98-80
p o r tre o ’p ts Aug. 10

Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
14,670 bales.

Total bales.
Ne w Y o r k —T o L iverpool, p e r ste am ers H u b e rt, 1 ,0 0 0 ....
N om adic, 2,873 u p lan d a n d 17 Sea Is la n d .......................... .
3 ,8 9 0
To H ull, p er steam er Buffalo, 1,450....... . ...........................
1 ,4 5 0
To B rem en, p e r ste am ers Saale, 53 -..W eser, 4 2 8 ............
481
To H am burg, p e r ste am ers P ersia, 5 0 __ P o laria , 100.........
150
To A ntw erp, p e r steam ers F rie slan d , 848 ...O th e llo , 50 . . .
898
To G ottenburg, p er steam er Slavonia, 1 0 0 .... ......................
100
N e w O r lean s —T o H am burg, p e r ste am ers K ehrw ieder, 466
. . . . S teinhof t, 900 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,366
To Genoa, p e r steam er H ighland P rinoe, 4 ,2 5 5 .............. .
4,255
C h a r l e s t o n —To B arcelona, p er b a rk Lorenzo, 855 ..........
855
B o s t o n —To L iverpool, p er ste am ers N orsem an, 50 u p la n d an d
10 Sea Isla n d ..........................................................................
60
To Y arm outh, p e r ste am er Y arm outh, 200 ............................
200
B a lt im or e —To B rem en, per ste am er H. H. M eier, 3 2 3 . . . . . . . . .
323
To A ntw erp, p e r ste am er O tran to , 6 0 1 ....... .
.............
601
P h il a d e l p h ia —To A ntw erp, p e r ste am er P en n sy lv a n ia , 4 1 . . . .
41

The foregoing shows that the weekly consumption in
Europe is 172,000 bales of 400 pounds each, against 168,000
bales of like weights at the corresponding time last year.
The total spinners’ stocks in Gre tt Britain and on the Continent
have decreased 74,000 bales during the month and are n >v
113,000 bales more than at the same date last year.
Total.................................................................................................. . 14,670
The Agricultural Deparment’s August R eport.—The
The particulars of these shipments, arranged in our usual
following statement, showing the condition of cotton, was form, are as follows:
B rem en A n tu tp Barceissued by the Department of Agriculture on August 10:
<6Ham- <6 Got- Iona <& TarT he r e tu rn s to th e s ta tis tic a l division of th e A g ricu ltu ral D e p a rt
m e n t fo r th e m o n th of A u g u st m akes th e co n d itio n of c o tto n 91-8, a n
in crease of 2-2 p o in ts o v er th e J u ly condition a n d 3\5 o v er th a to f Ju n e ,
th e co n d itio n of Ju n e a n d J u ly b eing resp ec tiv ely 88'3 a n d 89-6. The
co n d itio n o n A u g u st 1, 1893, w as 80*4, or 11.4 p o in ts low er th a n th e
co n d itio n fo r th e sam e d a te th is year. The av erag es by S tates a r e :
V irg in ia 96, N o rth C arolina 95, S outh C arolina 95, G eorgia 85, F lo rid a
93, A lab am a 94, M ississippi 97, L ouisiana 96, T exas 85, A rk an sas 96,
T ennessee 94, M issouri 96, O klahom a 93.

Collecting the three months’ figures of the present season,
and comparing them with the reported condition for the same
months of last season, we have the following results:

L iverpool. H ull. burg. tenb'g. Genoa, m outh. Total.
6.969
631
998 .........
3,890 1,450
5,621
■---w . . . . . . 1,366
____
855
. . . . . . .........
855
260
200
..... ...... ......
60
.
.
.
.
.
.
.........
924
....
601 .........
323
41
41 ....... . .........
......... .........
200 14,670
3,950 1,450 2,320 1,640 5,110

New Y o rk ... .........
N. O rlean s...
C harleston... _____
Boston.......... . . . . . . .
B altim ore....
P hiladel’a....
T o ta l...... . . . . . .

Cotton freights the past week have been as follows:
M on.

S a tu r.

T u ts.

Wednes. Thurs.

F ri.

118
118
L iverpool, steam.<i
116
116
116
116
....
Do
la te r.. <f.
584® 332 564 ® 332 &64'®332 &64® a32 B64 ® 332
2 1t
21t
21t
States.
211
211
H avre, s t e a m .. ,d.
21t
i
....
—
....
....
....
....
Do
s p o t ....... d.
$
l's
20f
22iflt
2 2 Is t
20t
25t
22 %1
B rem en, s te a m ., d.
....
.... ' ....
....
....
Do
l a t e r .. .d.
....
90-0 83 81 84
82-7
N o rth C aro lin a...................... 84 91 95
82-0 H am burg, steamcf.
88-7 88 83 75
South C arolina........... .......... 83 88 95
>8
*8
*8
*8
*8
*8
853
79-7 87 86 83
G eorgia.................................... 76 78 85
....
....
....
....
....
....
Do
la te r, .d.
95-3
F l o r i d a ................................... 92 93 93
92-7 98 96 82
2 5t
25t
25t
251
2 5t
25t
80-3 Ams’dam , steam .e.
A labam a.................................. 88 87 94
89-7 82 80 79
92-0 86 80 81
82-3 Reval, v ia Hull.«?.
M ississip p i............................ 91 88 97
n 64
532
B32
U 64
U 64
u 64
95 0 87 84 89
86-7
L ou isian a................................ 95 94 96
532
532
Do v. H am b d.
“ 84
3ie
U 64
318
79-3
92-7 82 84 72
T e x a s ....................................... 94 99 85
316
s 16
316
8 6 0 B’lona, d i r e c t ...d.
816
818
318
A r k a n s a s ................................ 97 97 96
96-7 89 80 89
86-7 G enoa, s t e a m ...d.
T en n essee......... ..................... 78 73 94
81-7 92 85 83
964
964
964
964
964
961
28+
281
28t
2 8t
28t
Do v.M ’s’l’s,&c.d.
28t
A v e ra g e .......................... 88-3 89-6 91-8 89-7 85-6 82-7 80-4 82-9
818
3ie
T rieste, v.Genoa,<i.
3ie
316
3ie
31«
382
8 32
Comparative Port R eceipts and Daily Crop Movement. A ntw erp, s te a m . d. 3 3 2
3 S2
3 32
3 S2
—A comparison of the port movement by weeks is not
t C ents n e t p e r 100 lbs.
accurate as the weeks in different years do not end on the
Liverpool.—By cable from Liverpool we have the following

A ver’ge

J u ly .

1Average
1

[ A u g u st

J u ly .

June.

j A u g u st

1893.

1894.

same day of the month. We have consequently added to our statement of the week’s sales, stocks, &c., at th at port:
other standing tables a daily and monthly statem ent, that
the reader may constantly have before him the data for
J u ly 20. J u ly 27. A ug. 3. A u g . 10.
seeing the exact relative movement for the years named.
35,000
60,000
44,000
51,000
The monthly movements since September 1, 1893, and in Bales of th e w eek ............h ales.
1,400
3,200
2,100
2,000
Of w hich e x p o rte rs t o o k ....
previous years, have been as follows:
200
300
500
Of w hich sp ecu lato rs t o o k ..

M o n th ly
R eceipts.

Y ear B e g in n in g Septem ber 1.
1893.

1892.

1891.

1890.

1889.

1888.

Bept’m b’r 377,408 405,355 676,823 732,236 561,710 332,017
O cto b er.. 1,311,269 1,135,473 1,532,426 1,365,231 1,325,358 1,133,016
N ovem b’r 1,272,776 1,125,855 1,376,909 1,145,416 1,257,520 1,159,063
D eeem b ’r 1,239,738 930,029 1,215,144 L,195,063 1,116,928 1,103,713
J a n u a r y . 687,028 436,457 665,162 859,979 700,909 718,091
F e b ru a ry
330,504 291,648 658,855 535,273 410,044 461,201
M a rc h . .. 257,163 241,750 376,400 427,702 213,697 3 30,510
A p r i l . . . . 217,600 202.158 251,522 298,132 110,053 166,571
M ay......... 126,011 129,905 192,895 196,018
57,362
66,319
65,998
18,102
J u n e .......
95,682 101,161 101,834
25,191
31,783
49,852
J u l y ........
13,715
19,306
61,525
43,962
T o ta l... 5,917,278 5,055,837 7,097,149 6,900,846 5,792,487 5,507,909
P e re ’ta g e o f to t. p o rt
99 02
9886
re c e ip ts Ju ly 3 1 ..
98-68
98-58
99-28

31,000
45,000
51,000
37,000
10,000
7,000
8,000
8,000
40,000
52,000
53,000
51,000
1.287.000 1.247.000 1,205,000 1,164,000
~ o f w hich A m erican—E stim ’d 1.083.000 1.051.000 1,008,000 976,000
9.000
18,000
20,000
15,000
T otal Im p o rt of th e w eek .........
6.000
8,000
14,000
5,000
25,000
27,000
45,000
42,000
15,000
15,000
28,000
26,000
O f w hich A m erican ................

The tone of the Liverpool market for spots and futures each
day of the week ending Aug. 10, and the daily closing prices
of spot cotton, have been as follows:
S a tu rd a y M onday. Tuesday. Wednes. T h u rsd ’y. F rid a y.
Fair
buyers’
M arket, \
Steady. business In favor.
\
;
;
1:45 F. M. J
doing.
Spot.

M id.Upl’d s.
Spec. & exp.

This statem ent shows th a t up to July 31 the receipts
Futures.
at the ports in 1893-94 were 861,441 bales more th an in 1892-93 M arket, \
and 1,179,371 bales less than in 1891-92. By adding to the 1:45 p . M.J
totals to July 31 the daily receipts since th at tim e we shall
M arket, ?
be able to reach au exact comparison of the movement for
the different years.
3 4 p . m. j




i

i

i

31S16
15,000
500

&
c3
*0
S3
O
w

O
w

o
W

;

;

j

m

3*8
12,000
500

3*8
8,000
500

Quiet at Steady at Steady at
1-64 de 1-64 ad- partially
cline.
vance. 1-64 adv.
Firm.

Firm.

Quiet.

241

THE CHRONICLE.

August 11, 1894. |

The following are closing quotations:
The opening, highest, lowest and closing prices of futures
FLOUR.
at Liverpool for each day are given below. Prices are on
bhl. $1 75® $1 95 P a te n t, w in te r ....... .
the basis of Uplands, Low Middling clause, unless otherwise Fine........
.......
1
90®
2
10 City m ills e x tr a s .......
S
u
p
e
rfin
e
.......
stated:
E x tra, No. 2 .... ........ 2 00® 2 30 Rye flour, superfine..
The p ric et are given in pence a n d 64 the. Thu» : 3 63 m eans
3 63-64'i. a n d 4 01 m eans 4 1-64®.
(Saturday, M onday a n d T u esd ay —A u g u st 4, 6 a n d 7—H olidays.)
W e d ., A u g . 8 .

T h ü r s ., Aus: . 9 .

F r i ., A u g . 1 0

Open High Low. Clot. Opsn High Low. Clot. Opsn High Low. 0».
<
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
A u g u s t....... 3 46
A u g . -Sept.. 3 46
Sept.-Oct... 3 46
Oct.-Nov.... 3 47
Nov.-Dee... 3 4 8
Dec.-Jan.... 3 49
Jan.-Feb.... 3 50
Feb.-Mch.. 3 51
Meh.-April. 3 53
April-May.. 3 54

3 47
3 47
3 47
3 48
3 49
3 50
3 51
3 52
3 54
3 55

3 46
3 46
3 46
3 47
3 48
3 49
3 50
3 51
3 53
3 54

3 47
3 47
3 47
3 48
3 49
3 50
3 51
3 52
3 54
3 55

3 48
3 48
3 48
3 49
3 50
3 50
3 52
3 53
3 55
3 56

3 49
3 49
3 49
3 50
3 61
3 52
3 53
3 54
3 56
3 57

3 48
3 48
3 48
3 49
3 50
3 50
3 52
3 53
3 55
3 56

349
3 49
3 49
3 50
3 51
3 52
3 53
3 54
3 56
3 57

3 47
3 47
3 48
3 48
3 49
3 50
3 51
3 52
3 54
3 55

3 48
3 48
3 48
3 49
3 49
3 50
3 51
3 53
3 54
3 56

3 46
3 46
3 46
3 47
3 48
3 49
3 50
351
3 53
3 54

3 47
3 47
3 47
3 47
3 43
3 49
3 50
3 52
3 53
3 55

$2 8 5®$3 25
3 45
2 65® 3 0 0
E x tra, No. 1 ..., ....... 2 20® 2 40 B uckw heat flo u r....... ___® . . . .
C lears................ ....... 2 30® 2 60 Corn m eal—
W estern, &o....... . . . 2 85® 3 00
S tra ig h ts ......... . ....... 2 60® 3 50
3 20
B r a n d y w in e ...........
P a te n t, spring. ....... 3 50® 4 00
[W heat flour in sacks sells a t p rices below th o se fo r b arrels.]
GRAIN.
Corn, p e r b u sh —
e.
0.
0.
0.
W heat—
W est’u m ix e d ...... 63 ® 65
Spring, p e r b u s h .. 54 ® 69
No. 2 m ix ed ......... . 63 ® 64
R ed w in ter No. 2 .. 58 ® 59%
W estern y e llo w ... 65 ® 66
R ed w in te r............. 53 ® 61
W estern W hite___ 65 ® 66
W hite ..................... 54 ® 61
R ye—
O ats—M ixed,per bu. 35 ® 37
W estern, p e r bush. . . . . ®
W h ite....................... 41 ® 51
S tate an d J e r s e y .. . . . . ®
No. 2 m ix e d ....... . 35 ® 36
B a rley —Vo.2 W est’u ___ ®
No. 2 w h ite ............. 41 ® 42
® __
S ta te 2-row ed........
S ta te 6-row ed____ A... ® . .

A gricultural Department’s August R eport.—The re
port of the Department of Agriculture for August 1 respect
ing cereal crops was issued on August 10 as follows:
The A u g u st re p o rt of tb e s ta tis tic ia n of th e D e p a rtm e n t of A g ricu l
tu r e show s a d ecline in co rn of n e a rly 26 p o in ts since J u ly 1, th e a v e r 
age fo r th e e n tire b re a d th being 69-1 a g a in st 95 fo r th e m o n th of Ju ly .
The condition A u g u st 1893 w as 87. The g re a t decline is due alm o st
w holly to th e ex ten siv e an d un p reced en ted ly severe d ro u g h t t h a t se t
in since th e la s t r e p o rt an d to th e h o t d ry w inds t h a t sw ep t o v er th e
S tates of N ebraska. K an sas, Io w a an d p arrs of o th e r W estern S tates.
I n som e localities th e crop h as been in ju re d beyond recovery , w hile in
o th ers tim ely ra in s w ould go fa r to w ard assu rin g fa ir yields. The a v 
erages fo r th e p rin cip al S ta te s are: Ohio, 79; K en tu ck y , 80; In d ia n a ,
88; Illinois, 75; Io w a, 45; M issouri, 82; K an sas, 49; N ebraska, 33;
S outh D akota, 29.
The condition of spring w h e a t h a s fa lle n since la s t re p o rt 1-3 p o in ts,
being 67-1 a g a in st 68-4 fo r th e m outh of Ju ly . The co n d itio n b y S tates
is as follow s: W isconsin, 79; M innesota, 76; Iow a, 82; K an sas 30; Ne
b rask a. 41; S outh D akota, 29; N orth D akota, 75; W ashington, 83;
O regon, 95. The advices as to w in te r w h eat from c o rre sp o n d en ts an d
th re sh e rs in d ic a te a good yield of ex cellen t q u ality .
The condition of o ats h as declined 1-2 p o in ts since d a te of la s t r e 
p o rt, being 76-5 a g a in st i T l in Ju ly . The condition fo r A ugust, 1893,
w as 78'3.
T he condition of sp rin g ry e is 79-8, a g a in s t 81-7 l a s t m o n th a n d 78*5
la s t year.
The average condition of b a rle y is 6 9’3, a g a in s t 76-8 la s t m o n th ,
being a decline of 7 points.
, , : ____
_
> '
The acreage of buckw heat is re p o rte d a t 96-8, as co m p ared w ith la s t
y e a r an d condition 82-3, a g ain st 88-8, o r 6 5 p o in ts low er th a n a t sam e
d a te la s t year.
A creage of hay, as com pared w ith t h a t ©f 1893, is 92%, co n d itio n of
sam e is 75'6, a g ain st 77 3 la s t m onth.
The av erag e condition of rice A ugust 1 w a s 91, su b sta n tia lly sam e
as la s t m onth.
.
,, .
A fu rth e r decline of n e a rly 4 p o in ts in a v e ra g e condition of apples,
being 44 a g a in st 47 la st m onth, is rep o rted . The condition of peaches
h a s fallen since la s t re p o rt an d now sta n d s a t 22-3. The condition of
grapes, w hile h ig h er th a n e ith e r ap p les or peaches, is low er th a n fo r
any y e a r since 1899.
The condition of p o tato es is 74, a g a in st 92 '3 la s t m onth.
The condition of tobacco is 74-9, a g a in st 81 la s t m o n th .

B R E A D S T U F F S.

F r i d a y , August 10, 1894.
The past week has seen an increased demand for wheat
flour. A further advance in the price of the grain has stimu
lated buyers, and they have shown more disposition to trade.
The demand has been principally from the home trade.
Prices have ruled firm but no advances have been estab
lished. Rye flour has been in light supply and firm. Corn
meal has further advanced in sympathy with corn, but the
higher costs have checked trade. To-day the market for wheat
flour was quiet but steady.
The speculative dealings in the market for wheat futures
have been active, and early in the week prices advanced
sharply on free buying by shorts to cover contracts, stimu
lated by a disappointing decrease in the visible supply and in
sympathy with an advance in corn; then came a reaction,
due to realizing by longs, prompted by a sharp downward
turn to corn values, but yesterday the market rallied anJ par
tially recovered the loss. In the spot market prices have ad
vanced with futures, and at the improvement shippers have
been limited buyers. Yesterday the sales included No. 2 To
ledo at i^c. under September delivered, and No. 2 red winter
at
c. over September f. o. b. afloat. To-day the market
was firmer during early ’Change on stronger foreign advices,
but later weakened in sympathy with a decline in corn. The
spot market was fairly active. The sales included No. 2 red
winter at %c. over September f. o. b. afloat; No. 2 Toledo at
under September delivered; No. 2 hard winter at
Tbe movement of breadsculfs to market is indicated in tbe
lc. over September f. o. b. afloat and No. 1 Northern at 8%o.
statement below is prepared by us from the figures of the
over September f. o. b. afloat.
New York Produce Exchange. We first give the receipts a t
D A IL Y CLO SIN G P R IC E S O F NO . 2 R E D W IN T E R W H E A T .
Western lake and river ports, arranged so as to present the
Sat.
Mon. Tues. Wed. T hurs.
F ri.
A u g u st d eliv ery ..............o. 55%
57
593s 58
58%
58% comparative movement for the week ending Aug. 4, 1894,
S eptem ber d elivery ........ o. 56%
58
60% 58%
59%
59% and since August 1, for each of the last three years:

O ctober d e l i v e r y .......c . 5 7 7s
D ecem ber d eliv ery ____ c. 6038
M ay d eliv ery ....................c. 65%

----61%
66%

61%
63%
68%

5 9 7s
62%
67

60%
62%
67%

60%
62%
67%

The speculative market for Indian corn futures has been
exceptionally active and excited. Early in the week prices
rose rapidly on active buying by frightened shorts to cover
contracts, stimulated by the continued hot, dry weather
through the corn belt, the smallness of the crop movement
and the smallness of the supply in sight. Wednesday, how
ever, prices took quite a tuchble under free realizing sales by
“ longs” and reports of cooler weather at the West, but
Thursday the market again started up on renewed buying by
“ shorts” to cover „stimulated by the poor outlook for the
growing crop. In the spot market prices have made a most
decided advance, but this, with the scarcity of supplies, has
checked trade. The sales yesterday included No. 2 mixed at
64%@65c. delivered. To-day the market has been less active
and prices have declined under some selling by “ longs” to
realize profits, prompted by predictions of rain in the corn
belt. The spot market was weaker with futures. The sales
included No, 2 mixed at 63@63J^c. in store and delivered.
D A IL Y CLO SIN G P R IC E S O F N O . 2 M IX E D CO RN .

Sat.
A u g u st d e liv e r y ............o. 55%
S ep tem b er d eliv ery ........ e. 54%
O cto b er d e l i v e r y ...........c. 54
D ecem ber d eliv ery.........o. 50%
M ay d elivery.....................o. 50%

Mon.
59
58
57%
53%
53%

Tues.
64%
63%
61%
57%
57%

Wed.
61%
61
60
55%
55%

Thurs.
62%
61%
61
57%
57

F ri
61%
60%
59 7s
57%
56%

Receipts at—

Oats.
Barley.
Bye.
Oorn.
Wheat.
Flour.
Bbls.WQlbs Bwh.60 lbs Bash.bS lbs Bush.S'i Ibi BushA8lbs Bu,.56 lbs.

O h io a g o .......
M ilw aukee...

1,959,677
59,275
4:68 4:21
569,400
1,776,100
95,257
50,501
872,446
70.800
135,820

1,249,263
35,100
8,570
41 530
17,201
8 803
16,769
407,310
179,250
2,174

1,437,397
105.000
27,523

294,821
294,534
390,411

6,103,697
4,002,696
5,993,255

1,985,989
2,532,976
1,725.244

294,821
294,534
390.411

6,108,697
4,002,696
5.993,255

1,963,939
2,533,976
1,735,244

77,774
19,350
149,932

M inneapolis.
735
2,150
11,350
27,830
5,700

C le v e la n d ....
St. L o u is.......
P eo ria............
K ansas C ity .
T o t.w k , ’94.
Same w k ,’93.
Sam e w k ,’92.
Sines Aug. 1.
1894............
1893 ...........
1892............

7,300
13,800

22,830
2,641

.. ...
7,000

11,90 )
10,393
25.831
219,185
41L.400
32,273

56
1,400

1,409
1,800

2,270.937
2,622,553
2,251,352

22,356
27,353
63,009

35,680
89,036
78,752

2,270,937
2,622,553
2 231.352

22,358
27,353
63,009

35,680
89,036
78,752

The receipts of flour and grain at the seaboard ports for the
week ended Aug. 4, 1894, follow:
Flour,
bbls.
P h ila d e lp h ia .......

Wheat,
bush.

Corn,
bush.

499.173’
548.718

49,590
11.997
40,138
40.941

1.345,475
113,003

77,875
36,898

Oats,
bush.

212.6)0
30,670
2,400
79,304
41, 82
6,100
30,792

Barley,
bush.
975

1,600

R ve.
bush.

1,575
2,270
; ............
, • ....
3,003
410

31,434
2.643
Oats for future delivery have been fairly active and prices
28.615
have scored fair advances on buying by shorts to cover con N ew O rlean s . . . . . . . 18,697
2.575
7,258
403 143
257.839
3 .'i6 1,429
tracts, stimulated by the sharp rise in corn. In the spot mar W e ek 1893.......... . .. .. .. 331,561
7,927
670,880
8,645
368 333 4,333,508 1,581,625
ket prices have not advanced with futures, owing to increased
arrivals from the West. Trade has been fairly active. Yes The total receipts at p irts named in last table from Jan. 1
terday the sales included No. 2 mixed at 35%@36c. in eleva to Aug. 4 compare as follows for four years:
1891.
1892.
1893.
1894.
tor and No. 2 white at 41% $42;. in elevator. To-day the Receipts of—
8,050,062
10,791,829
10,921,798
11,535,515
market declined under realizing sales by longs and in sympa F lo u r .................
32,684,901
61,299,939
51,630 641
thy with corn. The spot market was also weaker. The sales W h e a t.............. .h u s h . 25,161,283
24,437,123
65,355,744
32,675,442
33,993,814
..................
included No. 2 mixed at 35@35^c. in elevator and No. 2 white CO oartns ...................
20,154,313
32,647.550
26,653.673
20.835,829
1,825,011
3,088.906
2,697,476
1,781,514
B a r le y ...............
at41@42c. in elevator.
413,026
2,785,525
798,754
188,227
R y e....................

D A IL Y C L O SIN G P R IC E S O F N O . 2 M IX E D OATS.

Sat.
A u g u st d e l i v e r y . .........o. 34%
S eptem ber d e liv e r y ....o . 34
O otober d eliv ery .............o. 34%




Mon.
35%
35%
36%

Tues.
37%
37%
38%

Wed.
35%.
35%
36%

Thurs.
35%
36%
37%

F ri
34%
35
36

T o ta l g ra in . . . .

...

81,781.487

114,455,986

165,157,634

79,494,374

The exports from the several seaboard ports for the week
ending Aug. 4, 1894, are shown in the annexed statement:

THE CHRONICLE,

242
Wheat.
bush.

Exports from—

.. 533, i37
.. 218,4*28
lH9,nl9
.. 187,150

Flour.
bbls.

Com.
bush.

Oats.
bush.

10,260

228

92,862
36,315
2,815
7,357
49,092
805

153.6S3
T o ta l w e e k ......... ..1,652.969
1,599,781
S am e tim e 1893...

189.276
445.995

10,323
128,487

161.455
2,0u0

Peas,
bush.

Rye.
bush.

7,400

12,865
63

20,265
29,332

"51,318

The destination of these exports for the week and since
Sept. 1,1893, is as below. We add the totals for the corres
ponding periods of last year for comparison:
Exports for
week and since
Sept. 1 to—

,----------Flour.--------- , ,--------- Wheat.---------> .-----------Com.---------- .

Week Since Sept. Week Since Sept. Week Since Sept,
Aug. 4. X, 1893.
Aug. 4. 1,1893.
Aug. 4. X, 1893.
bbls.
bbls.
bush.
bush.
bush.
bush.
7.977.733 1,3 7,511 29,013,101
1.450,323 315,458 21,795.372
1,437,737
32,679
1,278,771
30,180
401,587
...................................
40,570
155,151

............. 27,411,413
113,226 21,331.727
15.850
173,653
21,857
863,802
2,000
143,756
750
125,021

T o t a l .................. 189.276 12.586,721 1,662,969 51,026,486

153.683 50.052.372

U n ite d K ingdom 120 287
C o n tin e n t............
10,651
8. & C. A m erica..
26.531
W e s t In d ie s ........... 23,177
B rit. N. A. Col’s.
7,400
O th e r c o u n trie s ..
i,250

Total 1892-93....... 445,995 13.418,251 3,185,464 89,794,030 1,599,781 37,013.113

The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, Aug. 4,1894, was as follows:
Wheat,
bush.

I n store at—

,10.164,000
. 856,000

Do
A lb a n y .
Do

aflo at.'.

Oats,
bush.

106,000

12,000
195,000

10,000

. 1,458,000
.18 643,000

1,380,000

350,000

9.000

26,000

Do
a f l o a t.
M ilw a u k e e ...................
838,000
Do
a f l o a t............................
D u l u t h .......................... 3,799,000
Do
a f l o a t............................
T o le d o ............................ 2,700,000
D e t r o i t .......................... 1,174.000
O sw ego..........................
60,000
Bt. L o u is ...................... 4,988,000
Do
a flo a t...........
........
C in c in n a ti.....................
1,000
B o s to n ...........................
299.000
T o r o n t o .........................
56,000
M o n tre a l....................... 588,000
P h ila d e lp h ia ................ 1,153,000
P e o r ia .................
96,000
In d ia n a p o lis ................
449,000
K a n s a s C ity .................. 658,000
B a l t i m o r e .............. .
741,000
M in n ea p o lis................. 7,728,000
8t. P a u l ...........................................
O n M ississippi R iv e r.
27,000
O n L a k e s ...................... 1,217,000
O n c a n a l a n d r i v e r ... 2,288,000
T o ta l A ug.
T o ta l J u ly
T o ta l A ug.
T o ta l A u g .
T o ta l A u g .

Com,
bush.

227,000

4, 1894.60.001.000
2 8 ,1894.J 7.144.000
5, 1893.59,425,000
6, 1892.26.081,000
8,1891.17,954,032

Rye,
bush.

Barley.
bush.

29,000

19,000

120,000

2,000

17,000

2,000

*61*000

12,000

68,000

5.000
5.000

ÎOO.ÔÔÔ

5,000

‘

5.000
5.000
51,000

Y,òoó

55,000

5,000
32.000
132.000
73.000
174.000
14.000
37.000
32.000

61,000
1,000
19.000
23.000
161,000

11.000

1,000
10,000

*ì ;òoò

2,000

12,000

47,000
5,000

” *2,000
8,000

8,000

1,000

‘ibVdoó

6,000
1.219.000
257,000

396.000

3.737.000
3.973.000
6.893.000
6.887.000
3.800,447

1.597.000
1.247.000
1.661.000
5,051,000
2,103,441

214.000

87.000
81.000
360.000
377.000
65,708

201.000

330.000
232.000
901,802

THE DRY GOODS TRADE.
N e w Y o r k , F r i d a y , P. M., August 10,1894.
There has been a considerable number of buyers in the mar
ket this week and salesmen on the road have been sending in
a steady supply of orders from day to day. The feature pre
viously noted is, however, still prominent—buyers are not in
dividually taking any considerable quantities of merchandise,
either in staples or fancies. Current necessities rather than
future requirements are responsible for the aggregate which,
if it does not show any gain on last week, is estimated to be
at least as large. The present demand is generally regarded
as about equal to current production of cottons and somewhat
in excess of production of woolen goods. In the former there
are no signs of stocks increasing in the aggregate, whilst
in some quarters they are pretty well cleaned up, and in
woolen goods for fall there are growing signs of scarcity.
The general tone of the market is without alteration. There
have been reductions in prices of wide sheetings but these
have been in lines above parity of market values, and here
and there are sellers willing to shade on immediate business,
but there are considerably more firmly adhering to former
prices. Corn crop accounts coming to dry goods houses are
less unfavorable than those current in the grain markets, and
the States where most damage is reported have not been buy
ing less this week than of late.. Tariff uncertainty is still a
restrictive influence.
D o m e s t ic C o t t o n G o o d s . —The exports of cotton goods
from this port for the week ending Aug. 7 were 11,544
packages, valued at 1441,291, their destination being to the
points specified in the table below
New York

to

Aug . 7.

1894.

1893.

Week. Since J a n . 1.

Week. Since J a n . 1.

70
G re a t B r ita in ........................
O th e r E u ro p e a n .....................
22
C h in a ........................................ 7.307
I n d ia ..........................................
7
A ra b ia .......................................
889
407
A fric a ....... ................................
W est In d ie s ..............................
368
34
M exico.......................................
316
C e n tral A m erica.....................
South A m erica....................... 2,053
71
O th er co u n trie s.......................

3,485
2,061
63,609
5,137
15,126
5,060
11,132
1,222
4,900
27,669
1,946

140
47
3
288

T o ta l................................... 11,544
C hina, v ia V an co u v e r* .... 2,490

141,347
16,788

1,302
.........
1,302

158,135
T o ta l.................................. 14,034
* F ro m New E n g la n d m ill p o in ts d ire c t

_
...

86
38
41
653
6

2,465
898
17,252
3,399
6,992
5,913
11,607
1,382
2,904
29,890
1,529
84,231
19,015
103,246

The value of the New York exnorts since Jan. 1 has been
$7,362,556 in 1894 against $5,012,027 in 1893.




|V O L . L 1 X ,

The demand for bleached shirtings, although not equal to
last week, has still been of fair extent and mostly for medium
grades at previous prices. In wide sheetings sales show
some increase since the prices of Utica, Monawk and
New York Mills makes were reduced early in the week. The
new prices are on the basis of 10-4 bleached 22%c. per vard in
Utica and New York goods and 10-4 bleached 19c. in Mo
hawk. Fair sales of browa sheetings are reported to
jobbers and converters, chief buying being in 8-yard,
and 4-yard makes. Prices are still irregular, but
not more so than a week ago. Brown diitls and
sheetings in fair export demand. For colored goods
the export demand is about average. The home trade
is buying blue denims more freely at steady prices, and some
business for spring is reported in these and fancies. Tickings,
checks and stripes, plaids and cheviots are however in lim
ited demand. Kid-finished cambrics are irregular in price
and slow of sale as are other finished linings. There is a
steady demand of considerable prop >rtions for fancy prints
with black grounds, still the back-bone of the business. Oth
er regular prints in average request. Ginghams show no
change in any material particular. Print cloths are dull @
2%c less one per cent for extras. A reduction in wages will
go into effect in the Fall River Mills on the 20th inst.
1894.
Stock o f P r in t Oloth»—
A ug. 3.
H eld by P ro v id en ce m a n u fa c tu re rs . 325,000
F a ll E lv e r m a n u f a c t u r e r s ............. 810,000

1893.
A u g . 4.
182.000
866.000

T o ta l sto c k ( p l e o e s ) . . . . . . . . . . . . . l , 135,000
548,000
D o m e s t ic W o o l e n s .— There is a good business

1892.
A u g . 5.
N one.
N one.
N one.

doing in
staple woolens for men’s wear in heavy weights and a moderate
demand for low priced fancies. It is made up of a very con
siderable number of small orders, there still being a noticeable
absence of large individual transactions. Stocks have been
well reduced and mills are better engaged. Attempts to do
business in spring weights have been more frequent, but al
most entirely in low-quality goods at prices showing generally
ten per cent reduction. The great majority of sellers are,
however, still keeping out of the market until the tariff prob
lem is solved. Overcoatings have been in better request for
rough-faced goods, and more business is reported in cloakings
for immediate use. Cotton-warp cassimeres show better re
sults and there is rather more doing in doeskin jeans. Flan
nels have an upward tendency, with moderate sales. Blank
ets and carpets unaltered. Woolen and worsted dress goods
in moderate re-order demand, with plain goods improving in
movement and, in one or two lines, in price.
F o r e ig n D r y G o o d s .— There has been more business done
this week, as fall necessities are increasing the number of buy
ers. The quantities purchased are, however, small, and both
sellers and buyers are hanging back as much as possible in
face of the tariff situation.
Im portations and Warehouse W ithdrawals o f Dry Goods.

The importations and warehouse withdrawals of dry good a
at this port for the week ending August 9, and since Jan. 1,
1894, and for the corresponding periods of last year are as
follows :
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2
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illi
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00ft

S t a t e aw p C ity D e p a h t m e w t .
T ER M S OF SUBSCRIPTION.

total sales for the month $8,015,237. In the case of
each loan reference is made to the page of the Ch bo n i c l e where a full account of the sale is given.

Comm ercial and Fin ancial CH RO M ICLB con
Page.
tains 4 0 to 6 4 pages, published every week.
1 2 5 ..
State and City Supplement of C H R O N IC L E con 3 7 ..

tains 180 pages, published periodically.
Investors* Supplement of C H R O N IC L E (a Cyclo
pedia of Railroad Securities) contains 1 6 0 pages, published
every other month.
______ _
Subscription to CHRONICLE for one year $ 1 0 .0 0 ,
which includes every issue of both Supplements.

Terms of Advertising—(Per inch space.)
O n e t i m e ................................. $3 50 I T nree M onths (13 tim e s ) ..$25 00
O ne M onth
(4 tim e s).. 1 1 0<> 8ix Vlonths
(26 tim e s).. 43 00
T w o Mouths
(8 tim e s).. 18 00 | Twelve .Months (52 tim es).. 58 00
(The above te rm s fo r one m onth an d upw ard are fo r sta n d in g card s.)

T h e purpose o f this State and City D epartm ent

is to furnish our subscribers with a weekly addition to and
continuation of the State and City S upplement. In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
pEali analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
S tate and City Supplement to as near the current date as
possible. Hence if every Subscriber will note in his Supple onsiENT the page designated at the head of each item a
reference to the page where the item in the Chronicle can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts.____

MUNICIPAL

BOND SALES

I N JULY.

J

uly

B on d Sa les.

A w a rd .
A m ount.
M aturity.
S a te.
$8,000 102-9125
. 5
106-275
43L.000
1924
. 4
12,000 102-041
1908-1919
. 5
1 2 5 ..
6,500 101*615
1895-1904
. 5
2 0 0 ..
30,000 105-187
1916
. 4
1 2 5 ..
108-57
175,000
Jan .,1 9 2 6 -’27
. •4
2 0 0 ..
200,000 107-78
Jan.,192L -’22
. 4
2 0 0 ..
200,000
106-18
Ja n .,1 9 3 1 -’32
. 4
2 0 0 ..
50,000 108-57
Ja n . 1 ,1 9 2 5
. 4
2 0 0 ..
8,000 102-8125
. 6
8 3 ..
101-2675
40,000
1897-1936
.
4
1 6 3 ..
25,000 101-682
1893-1917
. 5
3 8 ..
104012
50,000
1914
.
6
8 3 ..
120,000 103 4
1897-1908
. 5
1 6 3 ..
101-761
200,000
J
u
n
e
1
,1
9
1
4
.
4
163..
10,000 100-25
)
1905
f
. 4
2 0 1 ..
10,000 lO l^iß
1
1
. 4
2 0 1 ..
10,0(10 102-125
. 4
f
to
i
2 0 1 ..
5,000 102-5
I 1922
[
. 4
2 0 1 ..
25,000 1 1 0 1 3 6
1924
. 4
1 2 5 ..
K
125.
12,000 101-4
1898-1903
. 5
5,000 104-2
1899-1903
. 6
201..
75,000 100J u ly 2, 1909
84.. Gog bio Co., M ich. . 6
101-943
100,000
1895-1898
126..
14,000 101-517
164..
100
18,000
1909
.. 4
201..
140,000 103-419
J u ly 1 ,1 9 0 4
. 4
126..
102-5
100,000
M
ay
1
,1
9
2
4
. 6
164..
100,000 1 0 0 1 7
1911-1920
. 4*2
126.. H udson Co.. N. J .
bu
126..
18,000 1 0 0 1 3 3
1904
.. 5
900,000 10084.
100,000 104M ay 1, 1924
126. K ings Co., N. Y ........... 4
50.000 103-81
M ay 1 ,1 9 0 4
126. K ings Co., N. Y ........... 4
30.000 103-53
M ay 1 ,1 9 0 3
126. K ings Co., N .Y ........... 4
103-75
120,000
1904-1907
126. K ings Co., N .Y ........... 4
79
50.000 103M ay 1 .1 9 0 8
126. K ings Co., N. Y ........... 4
1045
126,000
1924-1941
201. .L aconia, N. H ............. 4
3
30.000 104164. .Lim a, O h io ........................
375
50.000 1051924
201. .M a rb le h e a d ,M a ss.... 4
76
200,000 1001904-1907
164. .M onroe Co., N. Y....... 3*2
637
75.000 107A pr. 1, 1924
164. .N ew ton, Mas»............. 4
007
14.000 104J u ly 1 5 ,1 9 2 4
84. .New Ulm , M inn......... 5
10107
250.000
84. ,N ew York C ity ,.. . . . . 3*2 Nov. 1 ,1 8 9 9
40.000 102J u ly 1 ,1 9 1 4
202. .N orthfleld, M in n .---- 5
13,600 100-147
1895-1904
84. .O lean, N. Y ................ . 5
16.100 100-124
1895-1901
84. .O lean, N. Y . . . ............ 5
100 <08
600.000
1934
164. .P a w tu c k e t, R. 1......... 4
60.000
102-808
1896
1907
5
.P
o
rtsm
o
u
th
.
Ohio---202.
1089
10,000
1914
127. .S aginaw , M ioh........... 4*2
10307
150.000
1895-1899
.S
aginaw
,
M
ioh............
5
164.
105666
30.000
1914
84. .S t. Ja m es, M inn......... 6
1
0
1
1
0
10.000
1901-1905
.SC.
Jo
h
n
s,
M
io
h
.......
5
164.
39.000 104- 935
1897-1903
127. .S andusky, O h io ......... 5
250.000 108-5
:02. .S cran to n , P a ............... 4 ^
053
50.000 1051914
39. .S tam ford, C onn ......... 4
100.000 102 <t.
Y ar. to 1904
164. .S um m it, N. J .....................
8474
500,000 100203. .Toledo, O hio................ 4*4 Sept. 1 ,1 9 1 4
339
6,343 10118941899
203. .T oledo, O hio................ 5
579
20.000 1021914
20 < .V ergennes, Y t......... . 4
106733
1,500
1909
85. .W inton P lace, O h io .. 6
18951904 1,944 103- 612
128. .W inton Place, O hio.. 6
103-611
14,400
165. .W ooster, O hio...................
57,000 108*11
1925-1936
165. .Y onkers, N. Y ............ 4

The aggregate amount of new municipal bond issues
sold during the mouth of J illy is shown by our table
below to have been $8,015,237. This amount, although
somewhat under the average monthly output for 1894,
is to be compared with $1,691,600 sold in July of 1893
and $4,139,100 sold in July, 1892. Our total for July,
1894, would probably have reached a much larger
figure had it not been for the fact that so few large
issues were among the offerings.
The high prices and the large number of bids for all
the more desirable loans indicate that there is no fall
ing off in the demand for the securities. In fact the
popularity of municipal bonds has been on the increase
ever since last fall when investors first began to take
them again after the panic, and it is probable that the
majority of American cities can place their long-time
loans to better advantage at present than they have
ever been able to do before. The city of Brooklyn
reports the sale of 4 per cent bonds, due in 1925, 1926
and 1927, at 108*57 ; Saginaw, Mich., sold 4} per cent
20-year bonds at 108*9 ; Yonkers, N . Y ., received
108*11 for 4s due 1925-1936 ; thirty-year 4s of Alle
gheDy, Pa., went at 106*275, and we might mention
many other loans which were sold at unusually high
prices.
The increasing competition of the large bond
houses of the country in bi Iding for all the loans of
prominent cities which are offered at public sale has
been very noticeable during the past three or four
years, and this is one of the reasons why many cities
can now place their securities at a rate so near the
actual market price of the bonds. This competition
has been carried so far in many cases that the brokers
to whom the awards were made have found it almost
impossible to make a reasonable profit from handling
the bonds.
In the following table We give the prices which were
paid for July loans to the amount of $6,162,387,
issued by 50 municipalities. The aggregate of sales
for which no price was reported is $1,852,850, and the




243

THE CHRONICLE.

August 11, 1894. J

Location.

T o ta l................... ................ ..— ............................ $6,162,387
A ggregate of sales fo r w hich no p rice has
b een re p o rte d (from 37 m u n icip alities). . . 1,852.850
T o ta l sa les fo r J u ly ........................ .

$8,015,237

One large issue of $3,000,000 bearing 4 per cent
interest and offered for sale on July 11th by the San
itary District of Chicago was withdrrawn from the
market. The issue was to be made in serial form
maturing at the rate of $150,000 yearly from July 1,
1895, to July 1, 1914, each purchaser to take a pro
rata share of short-time and long-time bonds. The fact
that the issue is made in the serial form is rather
against it j as, other things being equal, a long-time
bond payable at a fixed date is preferable. Theu again
the Chicago Sanitary District has never before floated
a 4 per cent issue. On the 10th of October, 1892, the
first loan, a 5 per cent serial to the amount of $2,000,000, was floated at 101*50. Again on December 13,
1893, a 5 per cent loan of $3,000,000, maturing part
yearly from 1895 to 1914, was sold by the district at
101*793. No other securities have been issued. The
new loan referred to above as having been with
drawn last month is now offered again on August
15ih. The interest rate has been changed from 4 to 5
per cent.
We have already said that the total sales for last
month were not up to the average for 1894, but it
must be remembered that this average has been unusu
ally large. Taking the first seven montns, for which
our reports are now complete, it will be saen that the
average monthly output of municipal bonds since Jan-

244

THE CHRONICLE.

[Vol. LIX,

1899. Principal and interest will be payable at the office of
the City Comptroller or at the Gallatin National Bank, New
York, as the purchaser may desire, and the bonds will be
ready for delivery on or after August 15, 1894,
The city’s bonded debt on August 1,1894, less bonds held by
the city in sinking funds, was $11,525.040 44. The assessed
valuation for the year 1894 is $215,377,355.
B u tler County, Ohio.—(Chronicle, vol. 58, pages 611, 649
T o t a l B o n d Sa l e s b y M o n t h s .
and 787, and vol. 59, page 201.)—Bids will be received until
1894.
1893.
1892.
J a n u a r y ............................................$7,072,267 $5,438,577
$6,352,000 August 20 for the purchase of $100,000 of 4% per cent county
F e b ru a ry ........................................ 11,966,122
-5 ,0 7 1 ,6 0 0
7,761,931 bridge bonds, running from sixteen to thirty years.
6,994,246
8,150,500
M a rch ........................................ . . 5,080,424
A pril................................................11,599,392
9,175,788
6,723,000
Cambridge, Mass.—(Chronicle, vol. 59, page 201.)—One
M ay................................................ 14,349,410
4,093,969
7,8^ 6,860 hundred and eighteen thousand dollars of 4 per cent 20 year
J u n e ...................
16,359,377
1,888,935
12,249,000
J u l y ..................... i ........................ 8,015,237
1,691,600
4,139.100 coupon building bonds of this city were sold on August 8 to
A u g u s t.....................................................................
2,734,714 4,108,491 Leland, Towle & Co., of Cambridge, at 106,175 ; also $75,000
S ep tem b er.........................................
.3,885,137 6,242,952
of 4 per cent 30-year coupon sewer bonds at lOS'OSS. Eight
O cto b er.......................
11,839,373
11,766,420
7,300,770 5,176,012 bids in all were received for the bonds. Both loans are dated
N ovem ber.........................................................
D e c e m b e r... I t ........................... ................
17,306,564
3,297,249 August 1, 1894, with interest payable semi-annually.
Camden, N. J.—Four and one-half p r cent refunding
In the C h r o n i c l e of July 7th, page 37, a list of bonds
of Camden to the amount of $75,000 will probably be
June bond sales, amounting to $15,871,092 will be issued.
Chester Fire District, Mass.—(Chronicle, vol. 59, pages
found. Since the ’publication of that statement we
125 and 201.)—An official report to the Chronicle states that
have received the following reports of sales in that $20,000 of coupon water bonds of this district have been sold
at 103%. This offer was made previous to the bonds being
month:
advertised, but some of the committee thought the district
A d d it io n a l J u n e B o n d S a l e s .
would be better satisfied if the loan was advertised, although
A m ount.
A w ard.
Page.
Location.
Bate. M a tu rity.
no better offer was expected, and it was accordingly offered
3 8 ..
C anton, Ohio.. 5
$23,000 104-347
40.000 102-75
1895-1914
3 8 .. C um berland, R. I ___ 4
for sale on July 25, at which time it is stated that no bids
40.000 ................ were received. The bonds are dated July 1, 1894, bear inter
38 ..H a s tin g s, M in n ........... 5
30 years.
20.000 ......... .
3 8 .. H astin g s, M in n ........... 5
20 years.
est at the rate of 3% per cent, payable semi-annually (J. & J.),
17.000 1003 8 .. H illy ard , W ash........... 6
14.000 1003 8 ..
M a rio n ,In d . . . . ...
and mature July 1, 1919.
3 8 .. N ew ark
T ow nship
Chicago Sanitary District, 111.—(Chronicle, vol. 58, pages
L icking Co., O hio.. 5
35.000 103-288
8 3 ..
Colfax, W a s h ............. 620 years.
17.000 101-5
1045 and 1081, and vol. 59, pages 83 and 201.)—Proposals will
8 4 ..
H erk im er U nion F re e
be received until August 15 by the Clerk of the Sanitary Dis
1895-1904
10.000 100Sch. D ist., N. Y ........ 4
u ly 1 ,1 9 1 4
120,000 ......................... .
3 8 ..
D a k o ta Co., N eb......... J4*2
trict
of Chicago, at his office in the Rialto Building, for $3,3 9 ..
Niles, M ich............
32.000 ................
3 9 .. Nor. T on aw ana, N. Y . ..
80,285 .............. . 000.
000 of 5 per cent bonds of the denomination of $1,000 each.
8 3 ..
A ttleb o ro u g h , M ass.. 4J u ly 1 ,1 9 2 4
40.000 ......... .
The loan will mature at the rate of $150,000 yearly from July
These additional loans will make the total sales in 1, 1895, to July 1, 1914, both inclusive, and interest will be
June foot up $16,359,377, the largest monthly total payable semi-annually in Chicago on the 1st of January and
July. The bonds will be sold in lots of $25,000 and multiples
since our records have been kept in this form.
of that sum, and each purchaser will be required to take a
pro rata share of short-time and long-time bonds.
B o n d Proposals and Negotiations.—We have r* On the 10th of October, 1892, a 5 per cent serial loan of this
served through the week the following notices of bonds sanitary district to the amount of $2,000,000 was issued and
recently negotiated and bonds offered and to be offered for sold at 101'50. Again on December 13, 1893, another 5 per
sale.
cent serial loan of $3,000,000, maturing part yearly from 1895
Alden, Minn.—(Chronicle, vol. 59, page 163,)—Bids will to 1914, was sold by the district at 101*793. No other securi
be received until August 10 by the Village Council for the ties have been issued.
purchase of water-works bonds to the amount of $5,000. In
The Sanitary District of Chicago was regularly organized
terest will be payable semi-annuallv at the rate of 6 per cent,
$1,000 of the amount becoming due in 5 years, $3,000 in 10 in 1889 under an act of the Legislature of the Stat.e of Illinois
years and $2,000 in 15 years from date of issue.
entitled an act “ to create sanitary districts and to remove
Alliance, Ohio.—(Chronicle, vol. 58, page 1002.)—Pro obstructions in the Desplaines and Illinois rivers,” and it has
posals will be received until August 18 for the purchase of
$5,500 of sewer bonds, the loan to bear interest at the rate of for its obiect the providing of an adequate sanitary system and
keeping Lake Michigan free from sewage. Soon after the
5 per cent and to run 3 years.
Altoona, Pa.—(Chronicle,vol. 59, page 200.)—It is reported organization of tliis district the act of the Legislature was
that $220,000 of 4 per cent water bonds of the city of Altoona fully reviewed and declared constitutional on June 12,1890,
offered for sale August 7 have been awarded to the Third by the Supreme Court of Illinois in two cases, and the power
National Bank of Boston, Mass. The bonds are dated July
2,1894, and run ten years, with interest payable semi-annually, of the Board of Trustees to levy taxes, make special assess
ments, borrow money, and issue bonds, and provide for the
in gold, on January 1 and July 1.
Arlington, Mass.—(Chronicle, vol. 58, page 1002.)—Sealed payments of the same, under the provisions of and in accord
proposals will be received until to-day by B. D. Locke, Town ance with said act, was, after an exhaustive discussion, sus
Treasurer, for the purchase of $92,000 of water-works bonds. tained in every particular. The Sanitary District as thus
The loan will bear interest at the rate of 4 per cent, payable in
organized includes all the city of Chicago except a very small
April and October, and will become due April 1, 1924.
Ashland, Ohio.—(Chronicle, vol. 58, page 1002, and vol. part south of Eighty-seventh Street and the greater part of
59, pages 37 and 83.)—C. G. Ducomb, City Clerk, notifies the the towns of Lyons and Cicero, with a population in 1894 of
Chronicle that an election held at Ashland on August 4 to 1.750.000, approximately.
vote on issuing $45,000 of water-works bonds resulted in
The present net bonded indebtedness of the district is $4,favor of the proposition by a vote of 8 to 1.
900.000, the sum of $100,000 of the original issue having been
Ballard, Wash.—An election will be held at Ballard on
September 10 to vote on issuing $50,000 of water-works and paid. The tax levy yields about $1,200,000 yearly on a valua
tion of over $240,000,000. The expenditures of the district to
electric-light bonds.
Braddock, Pa.—The Board of Education of Braddock will date, including construction and right-of-way lands, aggre
issue bonds to the amount of $40,000.
gate about $8,000,000, the total cost of the work being set at
Brockton, Mass.—(Chronicle, vol. 58, pages 611 and 649.) $21,000,000.
—Bids were to be received until August 8 by W. H. Emerson,
The new bond issue is advertised elsewhere in this Depart
City Treasurer, for the purchase of a $10,000 registered drain,'age loan. The bonds are to be dated August 1, 1894, to bear ment.
Croswell, Mich.—(Chronicle, vol. 59, pages 125 and 164.)—
interest at the rate of 4 per cent, payable semi-annually, and to
mature at the rate of $500 yearly from August 1,1895, to An election held July 30 to vote on issuing $9,000 of water
works bonds resulted in favor of the proposition.
August 1, 1914.
Dayton, Ohio.—It is reported that Dayton will soon issue
Bryan, Ohio.—Bids will be received until August 18 for the
purchase of 6 per cent water-works bonds to the amount of $100,000 of building bonds.
$3,000.
East Dubuque, Iowa.—It is reported that East Dubuque
Buffalo, N. Y.—(Chronicle, vol. 58, pages 1002 and 1081.)— has recently sold $14,000 of water-works bonds for $14,125.
Joseph E. Gavin, City Comptroller, will receive proposals
East Orange, N. J.—(Chronicle, vol. 59, page 125.)—It is
until August 13 for the purchase of $204,568 40 of Buffalo tax reported that $84,000 of tax-arrearage bonds of this township
loan bonds. The bonds will be dated August 15, 1894, will were recently sold at par. The loan is dated July 1, 1894, and
bear interest at the rate of 3% Per cent, payable semi-annually is payable July 1, 1914, with interest at the rate of 4 per cent,
on February 15 and August 15, and will mature August 15, payable semi-annually on January 1 and July 1.

nary 1st has been about 10£ million dollars. This is
against an average of 6^ million dollars in 1893 and 7
million in 1892. The following table shows the total
amount of bonds reported to us as issued and sold in
each month since the beginning of 1892:




THE CHRONICLE.

A ugust 11, 1894.1

Fairhaven, Mass—Sewerage bonds of Fairhaven to the
amount of $50,000 have recently been voted.
Fullerton, Neb.—(Chronicle, vol. 58, pages 566 and 744,
and vol. 59, page 164.)—Bids will be received until August 9,
by the City Council, for the purchase of 6 per cent water
works bonds to the amount of $12,500, the loan to become due
in twenty years from August 1, 1894, with an option of call
after 5 years. Interest will be payable annually on August 1,
both principal and interest to be payable at the Nebraska
Fiscal Agency, New York.
Grand Forks, N. D.—(Chronicle, vol. 59, page 88.)—
Sealed proposals will be received until August 15 by F. A,
Brown City Auditor, for the purchase of $40,000 of 6 per cent
twenty-year water bonds of the city of Grand Forks, dated
September 1, 1894. Interest will be payable semi-annually,
in March and’ September, and both principal and interest will
be payable at the Chase National Bank, New York.
Greene County, Mo.—Notice has been given that 6 per cent
funding bonds of Greene County, dated May 1, 1885, and
numbered from 1 to 188, inclusive, for $500 each (except
fourteen bonds already paid), will be paid with accrued inter
est to date of presentation at the Central National Bank,
Springfield, Mo., until April 30, 1895, after which date they
will be paid on presentation at the Fourth National Bank, St.
Louis, Mo. Interest on the bonds will cease April 30, 1895.
Greenfield, Mass—(Chronicle, vol. 58, page 1046, and vol.
59, pages 38 and 164.)—Four per cent sewer bonds of this town
to the amount of $12,000 have been sold. The loan matures
in twenty years.
Guthrie, 0. T.—Additional school bonds to the amount of
$10,000 are proposed.
Hamilton, Ohio.—(Chronicle, vol. 58, pages 565, 744, 953,
1002 and 1046, and vol. 59, page 201.)—Bids will be received
until August 23 for the purchase of 4 ^ per cent sewer bonds
to the amount of $35,000.
Hastings, Neb.—(Chronicle, vol. 58, pages 692, 744 and
831.)—Bids will be received until August 13 by W. W. Miles,
City Clerk, for the purchase of 5 per cent paving bonds to the

NEW LOANS.

amount of $5,000. The loan will become due in twenty years
but may be redeemed at the option of the city after five years.
Jackson, Ohio.—An election held recently at Jackson to
vote on issuing $60,000 of water-works bonds resulted in the
defeat of the proposition.
Lamberton, Minn.—Bids will be received until August 27 at
the office of G. B. Tretbar, Village Recorder, for the purchase
of $5,000 of water-works and sewerage bonds. Interest on the
bonds will be payable semi-annually at the rate of 6 per cent,
at St. Paul, Chicago or New York, at the option of the pur
chaser, the loan to mature in 5 years from date of issue.
Lee, Mass.—The people of this town have voted to borrow
$ 20 , 000.

Lexington, Ky.—Refunding bonds of this city to the amount
of $45,000 have recently been sold to the Hanover National
Bank, of New York, at 100'5.
Lisbon, Iowa.—Water-works and electric-light bonds of
Lisbon to the amount of $13,000 have recently been voted.
Louisville, Ky.—Park improvement bonds of this city to
the amount of $1,000,000 are proposed, the loan to bear inter
est at the rate of 4 per cent and run forty years.
Louisville, Ohio.—Bids will be received until August 22 by
the Village Clerk for the purchase of $18,000 of water works
bonds. The bonds will bear interest at the rate of 5 per cent
and become due at the rate of $1,000 yearly from August 1,
1897, to August 1,1914.
Malden, Mass.—(Chronicle, vol. 58, pages 611, 692', 744
and 787, and vol. 59, page 201.)—Sewer bonds of Malden to
the amount of $100,000 were sold on August 3 to Messrs R. L.
Day & Co. of Boston for a premium of $64 15 per $1,000.
Fight bids in all were received for the loan. The bonds are
dated May 2, 1894, bear interest at the rate of 4 per cent, pay
able semi-annually, and mature in thirty years. Principal
and interest are payable at the National Bank of Redemption,
Boston, All bonds issued by this city are secured by sinking
funds.

NEW LOANS.

N EW LO AN S.

P R O P O SA LS FOR

$ 4 ,500,000

$ 3 ,0 0 0 ,0 0 0 Bonds,

$ 5 0 0 ,0 0 0
City of Portland, Oregon, W. L.
Gold, 5s,

Sanitary District of Chicago.
5 Per Cents.

S E A L E D P R O P O S A L S a d d re s s e d to t h e B o a rd
o f T ru s te e s o f t h e S a n ita ry D is tr ic t o f C hicago, a n d
e n d o rs e d : “ P ro p o sa ls f o r P u r c h a s in g B o n d s ,” w ill
h e re c e iv e d b y th e C lerk o f said S a n ita ry D is tr ic t a t
At 112*3 and Interest, Yielding 4%%.
R o o m H , 626 R ia lto B u ild in g , C hicago, 111., u n ti l 12
M . (s ta n d a rd tim e), o n W e d n e sd a y , t h e 1 6 th d a y o f
A u g u st, 1894.
T h e b o n d s f o r t h e p u rc h a s e o f w h ich sa id b id s w ill
b e re c e iv e d a r e t h e th i r d (3d) a n d p r e s e n t Issu e o f
t h r e e m illio n (53,000,000) d o lla rs w o rth o f b o n d s of
th e S a i ita r y D is tr ic t o f C hicago, In d e n o m in a tio n s
o f o n e th o u s a n d ($ 1,000) d o lla rs e a c h , w ith in t e r e s t
a t tb e ra t e o f five p e r c e n t p e r a n n u m , p a y a b le sem i
a n n u a lly o n t h e firs t d ay s o f J a n u a r y a n d J u ly In
e a c h y e a r, a n d th e p rin c ip a l p a y a b le a t t h e r a t e o f
D u e J u ly 1 ,1 8 9 5 .
o n e h u n d r e d a n d fifty th o u s a n d ($150,00°) d o lla rs
e a c h y e a r f o r tw e n ty (20) y e a rs n e x t su c c e e d in g
J u ly 1,1894 - t h e firs t p a y m e n t to b e m a d e J u ly 1,
At lOS1^ and Interest, Yielding 21e%.
1895. B o th p rin c ip a l a n d I n te r e s t p a y a b le a t th e
office o f t h e T r e a s u r e r o f s a id S a n ita ry D is tr ic t a t
C hicago, IllE a c h p ro p o sa l m u s t b e a c co m p an ied b y ce rtifie d
ch e ck o r ca sh o f a n « m o u n t eq u a l to th r e e (3) p e r
c e n t o f th e a m o u n t of t h e b id . A ll ce rtifie d c h e ck s
m u s t h e d ra w n o n so m e re s p o n s ib le b a n k , a n d h e
m a d e p a y a b le to t h e o rd e r o f t h e “ C le rk o f t h e S a n 
ita r y D isi r ic t o f C h icag o .” S aid a m o u n t o f th r e e (3)
p e r c e n t o f t h e a m o u n t o f t h e b id w ill b e h e ld b y
t h e S a n ita ry D is tr ic t u n til a ll o f s a id p ro p o sa ls h a v e
b e e n c a n v a ss e d a n d t h e b id s h a v e b e e n aw a rd e d .
T h e b o n d s w ill h e so ld In l o ts o f tw e n ty -fiv e th o u 
D u e M arch 1 , 1 9 4 4 .
s a n d ($25,000) d o lla rs a n d m u ltip le s o f tw e n ty -fiv e
th o u s a n d ($25,000) d o llars, a n d e a c h p u rc h a s e r w ill
G u a ra n teed by en d o rsem en t on ea ch bond h e r e q u ir e d to ta k e a p ro r a t a s h a r e o f s h o rt-tim e
a n d lo n g -tim e b o n d s. N o b id s a t le ss t h a n p a r a n d
by B o sto n & M a in e R R . Co.
a c c ru e d in te r e s t (th e b o n d s b e in g d a te d A u g u s t 1,
1894, a n d t h e firs t c o u p o n o n e a c h b o n d b e in g f o r
At 116% and Int., Yielding almost 4%% five (6) m o n th s ’ In te r e s t) w ill b e co n sid e red , a n d th e
r ig h t is re s e rv e d to r e j e c t a n y a n d all b id s.
T h e s a id b o n d s to b e p aid f o r a n d d e liv e re d a t t h e
office o f t h e T r e a s u r e r o f s a id D is tric t.
A rra n g e m e n ts m a y b e m a d e w ith t h e said D is tr ic t
f o r t h e p a y m e n t a n d d e liv e ry o f s a id b o n d s In In 
s ta lm e n ts .
T h e p r e s e n t n e t b o n d e d I n d e b te d n e s s o f t h e said
D is tric t is $4,900,000—$1<j0,000 o f t h e o rig in a l is s u e s
h a v in g b e e n p aid . T h e p r e s e n t t a x le v y o f t h e D is
t r i c t y ie ld s a b o u t $1,200,000 y e a rly , o n a n asse sse d
D u e O ctober 1 , 1 9 1 3 .
v a lu a tio n o f o v e r $240,o00,000. T h e e x p e n d itu r e s o f
t h e D is tr ic t to d a te , In clu d in g c o n s tru c tio n a n d r ig h t
o f w ay la n d s, n o w a g g re g a te a b o u t $6,000,000—th e
At 106^ and Interest, Yielding 39ie%.
t o t a l c o s t o f t h e w o rk b ein g s e t a t $21,000,000.
F o r f u r th e r in fo rm a tio n ap p ly to t h e C lerk o f t h e
S a n ita ry D is tr ic t o r t h e C h a irm a n o f t h e c o m m itte e
o n Hin a n c e , R o o m H , 526 R ia lto B u ild in g , Chicago,
FO R S A L E S B Y
Illin o is.
T H E S A N IT A R Y D IS T R IC T O F C H ICAG O ,
B y B . A . E c k h a r t , C h a irm a n Com. o n F in an c e,
F r a n k W e n t e r , P r e s , o f t h e B o a rd o f T r u s te e s
A tte s t: T h o m a s F . J u d g e ,
C lerk o f t h e S a n ita ry D is tr ic t o f C hicago
Ch ic a g o , I I I . , A u g . l , 1894.

D u e J u ly 1 , 1 9 2 3 .

$ 100,000

Boston & Albany R R . 6s,

$ 2 5 0 ,0 0 0

St. Johnsbury & Lake Champ.
1st Mtge. Gold, 5s,

$ 5 0 0 ,0 0 0

Boston & Albany R R . 4s,

Kidder, Peabody & Co.,
113 Devonshire Street,

$ 2 5 0 ,0 0 0
6%Modesto Irrigation Dist. Gold Bonds

B O STO N ,




-

-

M ASS

245

I n t e r e s t P a y a b le S e m i-A n n u a lly .
P a id b y t h e p o w er o f ta x a tio n . F ir s t li e n o n th e
la n d . F o r b a n k a n d o th e r r e f e r e n c e s ap p ly to

W . E. H O L B R O O K .
6 0 W a ll S t.. N ew Y o rk

Constitutional Bonds of the
City of New Orleans.
N e w Or l e a n s , J u ly 21, 1894.
T h e B o a rd o f L iq u id a tio n o f th e C ity D e b t o f N ew
O rlean s, L a ., in v ite p ro p o s a ls f o r t h e p u rc h a s e o f
F o u r M illio n F iv e H u n d r e d T h o u s a n d ($4,500,000)
D o lla rs, o r a n y p a r t th e r e o f , o f t h e C o n s titu tio n a l
B o n d s o f t h e C ity o f N ew O rlean s, t o b e is s u e d
u n d e r t h e C o n s titu tio n a l A m e n d m e n t a n d A c t o f
t h e L e g is la tu re o f t h e S ta te o f L o u is ia n a N o. 110 o f
1890, a p p ro v e d Ju ly 8,1890.
T h e b o n d s a r e p a y a b le fifty y e a rs a f t e r d a te , b e a r 
in g F o u r P e r C en t in t e r e s t p e r a n n u m , p a y a b le sem i
a n n u a lly , r e p r e s e n te d b y co u p o n s m a tu r in g 1 s t o f
J a n u a r y a n d 1 s t o f J u ly , In N ew Y o rk a n d N ew
O rlean s.
T h e b o n d s o ffered w ill h e so ld to t h e h ig h e s t b id 
d e r, b u t t h e B o a rd r e s e r v e s t h e r ig h t t o r e j e c t a n y
a n d all b id s.
u
,, ,
A n y p ro p o sa ls to p u rc h a s e b o n d s u n d e r th i s a d 
v e r tis e m e n t m u s t h e c o m p le te d o n t h e 1 st o f D e
c e m b e r, 1894, b y t h e p a y m e n t In c a sh o f t h e p ric es
bid a n d t h e d e liv e ry o f t h e b o n d s. S ealed p ro p o sals
w ill b e re c e iv e d t i ll S e p te m b e r 1,1894, a t t h e office
o f th e B o a rd o f L iq u id a tio n o f t h e C ity D e b t, R o o m
N o . 5, C ity H a ll, N ew O rlean s, L a ., o r a t t h e b a n k in g
h o u s e o f W in slo w , L a n ie r & Co., N o. 17 N a s sa u S t.,
N ew Y o rk .
. , __
F u ll p a r tic u la r s o f t h e lo a n w ill h e f u r n is h e d by
t h e S e c re ta ry o f th e B o a rd o n a p p lic a tio n .
R . M. W A L M S L E Y , P r e s id e n t.
T . W O L F E , JR ., S e c re ta ry .

German-American
Investment Co.,
5 2 W A L L S T ., N E W Y O R K .
(G ro u n d F lo o r, o p p o s ite C u sto m H o u se .)

C h icago Office: 6 0 '7 T a c o m a B u ild in g .

Ju ly Investments.
C ity Y o u n g sto w n , O h io..........................5 s an d 6 a .
C ity T o led o , O h io .....................
5 s.
C ity O m aha, N eh ...... .........................5 s .
C ity P o r tla n d , Or©.............................5 s.
C ity A u ro ra , 111................................ 6 s.
A sh n ry P a r k , N. J .................
5s.
A n d erson , In d ......................................6 s .
S k a g it C ounty, W a s h .......................6 s .
Ir o n C ou n ty, W is ............................... 6 s.
R ich field S p rin gs, N . Y ...................4 s .
D u n k ir k , N . Y ,.............
4 s.
L a n sin g b u rg , N . Y .............................4 s .
And o th e r C h oice M u n icip a l B o n d s fo r In 
v estm en t by S a v in g s B a n k s an d T r u s te e s.
D e s c r ip tiv e C ir c u la r s upon A p p lica tio n ,

THE CHRONICLE.

246

Manchester, N. H.—(C h r o n i c l e , vol. 58, pages 787, 915and
1046.)—It is reported that Manchester will issue a temporary
loan of $100,000 in anticipation of taxes.
M a n s f i e l d , Ohio.—(C h r o n i c l e , vol. 58, pages 650 and 692,
and vol. 59, page 38.)—It is reported that at an election held
July 24 to vote on issuing $40,000 of sewerage bonds the propo
sition was voted down.
Mankato, Minn.—Bids will be received until Sept. 8 by
Henrv W. Brown, City Recorder, for the purchase of refund
ing bonds to the amount of $70,000. The loan will be dated
October 31,1894.
Mount Yernon, N. Y.—(C h r o n i c l e , vol. 58, page 1046, and
vol. 59, page 164.)—Tax-relief bonds of this city to the amount
of $65,000 were awarded on August 7 to the Bank of Mount
Yernon. Interest on the loan will be payabie semi-annually
at the rate of 5 per cent, and the bonds will become due
August 7,1897, Both principal and interest will be payable
at the office of the City Treasurer.
New Brunswick, N. J .—(C h r o n i c l e , vol. 58, page 877.) I t is reported that 4 per cent school bonds to the amount of
$14,000 will soon be issued.
Pickaway County, Ohio.—(C h r o n i c l e , vol. 58, pago 1004.)
_Proposals will be received until August 23 by T. J. Morris,
County Auditor, for the purchase of $3,600 of road improve
ment bonds. The loan will be dated Sept. 1, 1894, will bear
interest at the rate of 6 per cent and will become due from
1895 to 1900.
P ortland, O r e g o n .— (C h r o n i c l e , vol. 58, page 745, and vol.
59, page 126.)—It is reported that $500,000 of 5 per cent thirtyy e a r water bonds of Portland, off-red for sale August 6, have
been awarded to Messrs. Kidder, Peabody & Co. Twenty bids
were received for the loan. The securities are dated July 1,
1893, and interest is payable semi-annually (J.&J.) in United
States gold coin at the office of the City Treasurer.
Quincy, Mich.—An election will be held in this village on
August 6 to vote on issuing $18,000 of bonds for water works.
Richmond, Ky.—It is reported that this city has sold school
bonds to the amount of $22,000.

[Vol. LIX.

Rushford, Minn.—(C h r o n i c l e , vol. 59, page 164.)—Sealed
bids will be received until September 1 by the City Council
for the purchase of $10,000 of water-works bonds The loan
will be dated August 1, 1894, and will become due at the rate
of $1,000 yearly from August 1, 1895, to August 1, 1904. Int
erest at tne rate of 5% per cent will be payable annually,
both principal and interest to be payable at the Bank of
Rushford.
The total indebtedness of the city, including this issue, is
$10,500. Its assessed valuation for i894, which is about onefourth of actual value, is $281,431.
Sandusky, Ohio.—(C h r o n i c l e , vol. 58, pages 652, 878 and
1084, and vol. 59, page 127.)—A. W. Miller, City Clerk, will
receive proposals until August 15 for the purchase of $83,000
of 5 per cent paving and sewer bonds dated September 1,
1894. Interest on the loan will be payable semi-annually and
the bonds will mature at the rate of $11,000 yearly from Sept.
1, 1896 to 1899, and then at the rate of $6,500 yearly from
September 1, 1900 to 1905, Both principal and interest will
be payabl« at the City Treasurer’s office.
The bouded debt of the pity is at present $482,200; floating
debt, $21,350; total debt, $503,550. The population, according
to local figures, is 20,000.
Sangamon County, 111.—(C h r o n i c l e , vol. 59, page 164.)—
S. M. Rogers, Clerk, writes the C h r o n i c l e that an election
to vote on issuing $75,000 of county bonds will be held in
November. Interest at a rate not to exceed 5 per cent will be
payable semi-annually, the bonds to mature at the rate of
$15,000 yearly from July 1, 1902, to July 1, 1906.
Shullsbnrgh, WIs.—The people of Shullsburgh will vote
August 20 on the proposition of issuing $6,000 of water bonds.
Swarthmore, Pa.—(C h r o n i c l e , vol. 59, pages 39 and 165.)
—Mr. Ed vard Sellers, President of the Couacil, writes the
C h r o n i c l e concerning a loan of $16,000 recen ly voted for
road and sewer purposes, that the securities will probably not
be issued before December.
Trenton, N. J .—(C h r o n i c l e , vol. 58, page 1048.)—Sewer
improvement bonds to the amount of $65,000 have been au-

N EW LO AN S.

NEW LO ANS.

„$ 50,000
City ofCoTumbus, Ohio, M U N IC IP A L

4- |-2 P e rc e n t

BONDS

FOR INVESTMENT.

N EW LO ANS.
Municipal Bonds
For Investment.
P A R T IC U L A R S ON A P P L IC A T IO N .

Street, Wykes & Co.,

Viaduct Bonds,
P A R T IC U L A R S UPO N A P P L IC A T IO N .

Due Nov., 1902.

44 W A LL STR EET,

-

NEW Y O R K .

Rudolph Kleybolte 8b Co.,

Cushman, Fisher & Co.,
No. 50 State Street,

M E M B E R S O F T H E N E W Y O R K A N D BOSTON
STO CK jkX C H A N G ES.

Investment B ankers,
3 0 W e s t T h ird S tr e e t,

. C in cin n a ti, O h io,

S E A L E R S IN C O M M ER C IA L P A P E R .

B O STO N .

Choice Investm ent Bonds of Cities,

State of Massachusetts Gold
and 1924.

1920

Blake Brothers & Co.,
3 8 S T A T E S T R E E T , B O ST O N .

City of Boston 32^s, 1919.

5

City of New Haven 4s, 1897.

NASSAU

S T ., N E W

YORK.

City of D etroit, Mich., Gold 4s.
P r ic e s a n d P a r tic u la r s u pon a p p lic a tio n .

W. N . Coler Sc Co.,

R. L. Day Sc Co.,

BANKERS.

TACOM A

Q Per

B OND AND




-

N EW Y O R K .

STOCK

DEALERS

W e b u y a n d sell o u tr ig h t all w e s te r n
M unicipal B onds a n d S to ck s.
We
c h e e r f u lly f u r n is h fu ll a n d r e lia b le In
fo rm a tio n co n c e rn in g a n y W e ste rn s e 
c u rity w ith o u t ch a rg e . M o n th ly q u o 
ta tio n c irc u la r m a ile d to all ap p lican ts,
N ew issu e s o f m u n icip a l b o n d s w a n te d .

Farson, Leach & Co.,
-

BANKERS,

805

p i n e : s t r e e t , s t . l o u i s ,¡.m o;

-

NEW YORK.

W. J. Hayes Sc Sons,

Geo. M. Huston Sc Co.

P R IC E a n d P A R T IC U L A R S u p o n A P P L IC A T IO N .

3 W A LL STREET,

C. H. W H IT E 8b CO.,
T2 BROADWAY,

34 N A S S A U STREET.

P a y a b le in GOLD COIN.
M aturdNSl J u n e , 1 9 1 3 .

W r ite f o r d e s c rip tio n o f ch o ice s e c u ritie s is s u e d
by c itie s o f g o o d fin a n c ia l s ta n d in g , w ith p o p u la tio n

M UNICIPAL BONDS.

Cent

W A T E R BONDS.

C IT Y BONDS

ra n g in g f ro m 20,000 to 150,000.

4 0 W a te r S tr e e t, B o sto n , M a ss.

OF

L IS T S M A IL E D U P O N A P P L IC A T IO N .

N ettin g from 4 P e r C en t to 6 P e r C en t.

City of St. Louis, Mo., Gold 4s.

C IT Y

Counties and School D istricts.

BANKERS,
Dealers in MUNICIPAL BONDS.
S tr e e t R ailw ay B o n d s a n d o th e r h ig h g r a d e in
v e stm e n ts.

3 1 1 -3 1 3

S»P«rlor

1 E x ch a n g e

p,ac^ 08ton>

40-42 Wall S t,
New York.

Cable Address. “ KENNETH.”

A u g u st

11, 1894.]

thorized. The loan will bear interest at the rate of 4 per cent
and will become due in ten years.
Wells, Minn.—(Chronicle, vol. 59, page 85.)—It is reported
that bonds to the amount of $20,000 will b 3 issued for water
works and electric lights.
Williamson County, 111.—Four per cent refunding bonds
of this county to the amount of $100,000 will soon be issued to
replace a like amount of 8 per cent railroad bonds no w three
years overdue.
Yonkers, N. Y.—(Chronicle, vol. 58, pages 694, 746 and
957, and vol. 59, pages 128 and 165.)—Bonds to the amount of
$50,000 will probably be issued for water-works extension.
Youngstowa, Ohio.—(Chronicle, vol. 58, pages 694, 832,
879, 917 and 1084, and vol. 59, pages 39 and 165.)—Proposals
will be received until August 20 by the Board of Education
for the purchase of $10,000 of school bonds, the loan to bear
interest at the rate of 6 per cent.

STATE AND CITY DEBT CHANGES.
We subjoin reports as to municipal debts received since the
list publication of our State and City Supplement»
Some of these reports are wholly new and others cover itemp
of information additional to those given in the S upplement
and of interest to investors.
Strafford County, N. H .-G eorge D. Howell, Treasurer.
This statement regarding the finances of Strafford County
has been corrected to January 1, 1894
County seat is Dover.
LOANS—
W hen Due. Bonded d eb t J a n . 1,1894 .$ 1 4 5 ,0 0 0
F lo atin g d e b t ... .............
40,000
F u n d in g B o n d s —
185,000
4s, J& D, $70,000 . . . .Dec. 1 ,1 8 9 4 T o ta l d e b t........................
8inM
ng
f
u
n
d
..................
60,712
($10,000 due y’rly) to Dec. 1 ,1 9 0 0
124,283
4s, J& D , $5,000 . . . .Deo. 1 ,1 9 0 1 N et d e b t J a n . 1 ,1 8 9 4 ..
4s, J& D ,
70,000 g. ..Dec. 1 ,1 9 1 1 T ax v alu a tio n in 1893.21,128,498
T a x r a te (per $ 1 ,0 0 0 )............ 18"00
J a i l M OTE
L S , A&O, $25,000 ..O ct. 1 9 ,1 9 0 8 P o p u latio n in 1890 w a s....... 38,442
IN T ER EST on th e 4 p e r ce n t b o nds is p ay ab le a t th e N atio n al
B a n k of R edem ption, B oston, Mass.

Kearney, Neb.—(State and City S upplement, page 124
and Chronicle, vol. 58, pages 650, 954 and 1046.)—P. Brady,
Mayor. A report from T. N. Hartzeli, City Clerk, gives the
following statistics concerning the city’s finances on May 1
1894.
This city is in Buffalo County.
LOANS—
Ca n a l

and

LOANS—

4s, J & J , $ 6,000.. . J u ly 1 5 .1 9 0 2
Bonded d eb t J u n e 1 ,1 8 9 4 ..$ 8 ,0 0 0
F lo atin g d e b t.. . : ...................45,000
T o ta l d eb t J u n e 1 ,1 8 9 4 ___53,000
T o w n N o tes—
6s, ...., $ 5 , 0 0 0 .................................... T ax v a lu a tio n , re a l....... $2,480,455
915,890
4*2S, J& D , $ 8 ,0 0 0 .. .D ec. 1 ,1 9 0 3 T a x v a lu atio n al, p e rs’l.
4s, M&N, 1 0,000.. .N ov. 2 4 ,1 8 9 1 T o ta l v a lu a tio n 1 8 9 3 ... 3,396,345
4s, M&N, 3 ,0 0 0 ...J a n e 1 ,1 8 9 8 A ssessm ent a b o u t % a c tu a l v alu e.
4s, M&N,
5 ,5 0 0 ...J u n e 1 ,1 8 9 9 T o ta l ta x (per $ 1 ,0 0 0 )....... .$ 1 6 80
4s, M&N, 7 ,5 0 0 .. .M ay 2 9 ,1 9 0 0 P o p u la tio n in 1890 w as. . ___4,814
IN T E R E S T on th e fu n d in g bo n d s is p a y ab le a t th e N a tio n a l Bank
of R idem ption, B j s t o n ; o n th e to w n n o tes, a t th e T re a s u re r’s office
F

GUARANTEES TITLES TO REAL ESTATE.
MAKES ABSTRACTS OF TITLE.
O ilers In v esto rs In r e a l e s ta te se c u r itie s
protection afforded by no o th e r sy stem of
doing b u sin ess.
Is authorized by law to act as Registrar of StoÄ s
and Bonds, Executor, Receiver and Trustee for
Estates, Syndicates, Individuals and Corporations.
Trust moneys and tru st securities kept separate
from th e assets of the Company.
CO RR E SPO N D EN C E S O L IC IT E D .
OFFICERS:
GWYNN GARNETT, President.
A. H. SELLERS, Vice-President.
ARCHIBALD A. STEWART, Secretary.
CHAS. B. LARRABEB. Treasurer.
FRANK B . SELLERS, Trust Officer.
DIRECTORS :
Cha.. W. Drew,
Gwynn Garnett.
John P. Wilson,
W. D. Kerfoot,
Bdson Keith,
Horace G. Chase,
Geo. M. Bogue.
John G. Shortall,
A. H. Sellers.
John DeKoven,
Samuel B. Chase.
COUNSEL:
W. 0. Goudy,
John P. Wilson,
A. W. Green
A. M. Penoe,

STO CK S—BONDS,
embers New York and Chicago Stock Exchanges
1 87 DEARBORN STREET,
C h ic a g o , I l l s .

Loeb

. A i i p \C
> O N D o

&

IN THE CITY OF NEW YORK.

Tames N. Brown & Co.,

ITY, MASON, LEWIS * CO., Bankers
OUNTY
171 LASALLE STREET,
CHOOL s e n d f o r l i s t s .
CHICAGO.

J
BANKERS,
652 C ed ar S tr e e t,
NEW Y O R K .
MUNICIPAL, COUNTY, SCHOOL AND
TOWNSHIP BONDS

S E C U R E B A N K V A U LT S .

BOUGHT

AND

S OLD.

Jos. C. Platt, C. E.,
CONSULTING ENGIN EER,

C O M M E R C IA L P A P E R ,

GENUINE
CHROME STEEL AND IRON
154 La Salle Street, - Chicago, 111. nWELDED
Round and F lat Bars and 5-ply Plates and a d si «I
A. O. SLAUGHTER, Member N. Y. Stock Exchange
WM. Y. BAKER, Member Chicago Stock Exchange

FOR SAFES, VAULTS, Ac.
... ,
Cannot be Sawed Cut, or Drilled, and positively
Burglar-Proof.

A. O. Slaughter & Co.,

CHRCittE STEEL WORKS,
Sile an’f ’er« intheD.8. BROOKLYN. N




The United States Life
Insurance Co.

YIELDING AN INCOME OF
4 % to 6%

HERMAN S C HA F F N E R * CO. ,

C hicago S e c u r itie s B o u g h t a n d S old .

1894.

Gatzert,

(INCORPORATED)

CH ICAGO , ILLS.

1850.

OFFICERS.
G EO RG E H . B U R F O R D , P r e sid e n t.
0. P. FRALBIGH..........................................Secretary'
A. WHEELWRIGHT................ Assistant Secretary'
WM. T. STAND BN........................................ Actuary
MORTGAGE BANKERS,
A RTHUR C. PERRY.................
Cashier
95 LA SALLE STREET, CHICAGO. JOHN P. MUNN............. ............... Medical Director*
FINANCE COMMITTEE.
First Mortgages for sale in large and small amounts
ettlng investors 6,6]4 and *0 per cent, secured by GEO. G. WILLIAMS............Pres.fChem. Nat, Bank
uproved and income-bearing Chicago city property.
JOHN J. TUCKER..................
Builder
P r i n c ip a l a n d I n t e r e s t p a y a b le In G o ld .
B. H. PERKINS, J r ., Pres. Imp. & Traders’Nat. B’k
CORRESPONDENCE SOLICITED.
The two most popular plans of LIFE INSURANCE
are th e CONTlNUABLE TERM POLICY which
gives to the insured the greatest possible amount of
6% and 7% Gold Mort^a«res.
indemnity in the event of death, a t the lowestpossiiterest Allowed from Date of Receipt of Money ble present cash outlay; and the GUARANTEED
INCOME POLICY which embraces every valuable
feature of investment insurance, and which in the
E. S. D R E Y E R & CO .,
•vent of adversity overtaking the insured m aybe
[ortgage B a n k e r s ,
C H IC A G O , I L L
used as COLLATERAL SECURITY FOR A LOAN,
First Mortgage Loans on Improved Productive
to the extent of the full legal reserve value thereof*
Real Estate Centrally Located.
in accordance with the terms and conditions of these
1Y e a r s B u s i n e s s W i t h o u t L o s s t o i n v e s t o r s . policies.
Good Agents desiring to represent the Company
Address all communications to Eastern Office
are invited to address the President at Home Office
sto r B u ild in g , 9 P in e S tr e e t, N ew Y o r k

SUCCESSORS TO

BANKERS,

M IS C E LLA N E O U S .

Private wire to New York and Philadelphia.

A. G. Becker & Co.,

1 1 5 -1 1 7 LA SA LLE STR EET,

W hen Due.

u n d in g b o n d s —^

6s, A&O, $8,000 ....... Oet. 1 ,1894-5

Jamieson & Co.,

Capital« p a id -u p .............................8 1 ,6 0 0 ,0 0 0
U ndivided ea rn in g s, in clu d in g
su r p lu s.......................................
5139,000
D ep eslted w ith S ta te A u d ito r. .
9 0 0 ,0 0 0

R e f u n d in g L o a n s—

Methuen, Mass.—(C h r o n i c l e , Vol. 58, page 1003.)-The fol1>wing statistics concerning the financial condition of Methuen
have been received from Joseph S. H iwe, Town Clerk. I t
has since been reported that the town has sold $100,000 of 4
p'-r cent 30-year water bonds.
Methuen is in Essex County.

Title Guarantee & Trust
Company
9 » , 9 4 & 9 6 W A SH IN G T O N S T R E E T .

K earney P recinct—

78, J& J , $ 30,000........J u ly 1, 1902 6s, J& J, $ 2 0,000.......Dec. 2 4 ,1 8 9 6
K earney Oity—
5s, M&N, 6 0 ,000 ........M a y l , 1914
T otal deb t M ay 1 ,1 8 9 4 . $190,000
Cit y H a l l —
8,000
5s, M&S, $ 2 5 ,0 0 0 ....S e p t .l , 1908 S inking fu n d a s s e ts __
N et d e b t M ay 1 ,1 8 9 4 ...
182,000
S e w e r B o n d s—
796,997
6s, J& J, $ 70,000....... J a n . 1, 1910 T a x v a lu a tio n , re a l.......
T ax v a lu a tio n , p erso n al 344,011
¿ b a r n e y S c h o o l D is t r ic t 68, J& J . $14,400.......... Ja n . 1 ,1 9 0 1 T o ta l v alu atio n , 1 8 9 3 .. 1,141,008
6s?, J& J, 18,000.......... J u ly 1 ,1 9 0 5 A ssessm ent ab o u t 1« a c tu a l v alue.
6s, A&O, 1 0 ,000......... Oct. 1 ,1 9 0 8 T o ta l t a x (per $ 1,000)......... $ 7 6 -0Q
P o p u la tio n 1890 w a s ...............8,074
Subject to call a t an y tim e.
5s, F&A, $ 6 0 ,0 0 0 ....F eb. 1 5 ,1 9 1 4 P o p u latio n 1880 w a s ...............1,788
IN T E R E S T on th e sohool bonds is p ay ab le a t th e office of the
C ounty T re a su re r or b y K ountze B ros., N ew Y o rk ; on th e refu n d ii^ ;
bonds b y th e C ounty T re a s u re r o r a t th e N a tio n al P a r k B an k , N ew
Y o r k ; on th e c a n a l bonds, d u e 1914, a t th e C ity T re a s u re r’s office.

CH ICAG O .

CHICAGO,

W hen due.

Water-

CH IC A G O /

OF

247

THE CHRONICLE.

Wm. Fisher & Sons,
BANKERS AND BROKERS,
523 S o u th S tr e e t.

-

-

B a ltim o r e ,:M d .

3 5 W a ll S tr e e t, N e w Y o r k ,
And W a te r fo r d , N. Y .
E x a m in a tio n s .
. ,
R e p o r ts.
S u p e r v isio n .

Edward Morton & Co,,
53 Broadway, New York.
Specialties:
MUNICIPAL,
STREET RAILWAY BONDS
and.
BANK STOCKS.

THE CHRONICLE,

X

©attiro.

Œotîcm.

LIX,

I P tr a u c îa l.
Walter T. Hatch,
H enry Prescott Hatch,
A rth u r M elvin H atch
Members of N. Y. Stock and Produce Exchanges.

W O O DW ARD

& STILLMAN, IN M A N , SW ANN& Co

W. T. Hatch & Sons,
96 Broadway

MERCHANTS

OOTTON MERCHANTS,

16 to 22 W ILLIAM S T R E E T ,
NEW

[V o l .

M ew Y o r k .

YORK.

&

6 W all St., New York.

Dealers In investment sto oka and bonds.
Personal attention given at the N. Y. Stock S x .
change for the purchase and sale on commission of
stocks and bonds for cash or on margin.
Interest allowed on deposits, subject to draft at
sight.

COTTON O F ALL GRADES SU ITABLE TO
WANTS O F AM ERICAN SPINN ERS.
L ehman , stern a Co., Limited, New Orleans, La.
Lehm AN-Du rb Co., Montgomery, Ala.

LEHMAN

BROS.,

Henry Hentz & Co.,
COMMISSION

M E R CH A N TS,

1 6 to 9 9 W il l i a m S t ., N ew Y o r k .

COMMISSION M E R C H A N T S,

E X E C U T E O R D E R S F O R F U T U R E D E L IV E R Y

Nos. 16-22 W illiam Street,

COTTON,

NEW YORK.

At the New York, Liverpool and New Orleans
Cotton Exchanges. Also orders for

MRMRERS OF T H E STOCK, COTTON, OOFF E E AND PRODUCE EXCHANGES,
N ew Yo r k .
Orden executed on the above Exchanges as well
as In New Orleans, Chicago and foreign markets.

COFFEE,
At the New York Coffee Exchange, and

G R A IN AND PR OY ISIO N S,

Private wires to all important points North, South,
East and West.

COTTON EXCHANGE BUILDING.
MEW Y O R K .

Atwood Violett & Co.,

general Commission Merchants.

B A N K E R S AND B R O K E R S .
Contracts for Cotton Future Delivery executed on
the Liverpool, New Orleans and New
York Exchanges.
NEW Y O R K ,
I NEW ORLEANS,
9 4 - 9 6 B r o a d S t r e e t . 11 9 0 C om m on S t r e e t .
J. O. Bloss.

COMMISSION

MERCHANTS

R o o m 9 3 , C o tto n E x c h a g o B u ild in g .
NEW YORK.
Gustavus C. Hopkins,
Charles D. Miller,

Lucius Hopkins Smith.
Samuel Hopkins.

T. Spencer Turner,
**

SUCCESSOR TO

B r i n c k e r h o f f , T u r n e r & C o.,
MANUFACTURER AND DEALER IN

Gxo. H. Ch u r c h , S p ecial

J. O. BLOSS & CO.,
COTTON

MERCHANTS,

99 W illia m Stroot,
NEW Y O R K .

Hopkins,Dwight & Co.,
C O T T O N , C O T T O N S E E D O IL
AND
SO U TH ER N PRODU CE

W. D . ROUNTBBK.

ALBERT L . ROUNTREE

W. D. Rountree & Co.,
COMMISSION MERCHANTS
COTTON E X C H A N G E B U IL D IN G , NEW
Y O R K , and N O R F O L K , V A .
COTTON, COFFEE, GRAIN, PROVISIONS AND
STOCKS.

109

D u n s M r » * t,

CO TTO N AND GRAIN
FOB FUTURE DELIVERY.

Frederick Paxson & Co.,
STOCK B R O K E R S,
URBXBL BUILDING, PHILADELPHIA.
Private wires to New York Stock and Cotton
Exchanges and Chicago Board of Trade.

M. T. Ma in s .

W m. r a t .

B. F. E vans , Special.

Geo. Copeland & Co.,
COTTON BROKERS,
1 9 9 P e a r l S tre e t,

-

-

N ew Y o rk .

Ootton landed a t mills from Southern m arkets a
specialty. Orders for future delivery contracts
executed on New York'Cotton Exchange.




BOSTON,

MASS.

H I G H GRADE I N V E S T M E N T S .
Members of New York and Boston Stock Exchanges.

American Exchange Bank,
ST . LiOFIS.
C a p it a l , - 9 9 0 0 , 0 0 0 1S u r p lu s , - 9 3 9 3 ,0 0 0
WALKER HILL, President,
ALVAH MANSUR, Vice-President,
L. A. BATTAILE, Cashier,
W. L. RICKER, Ass’t. Cashier
Best Organized Collection Department in Mo.

Hatch & Foote,
BA N K ER S,

No. 7 PINE STREET, NEW YORK.
INVESTM ENT SECURITIES.

Samuel White,
COMMISSION

BROKER,

A. A. Goldsmith, Agt.

60 BROADW AY.

COTTON BROKER.

Traction Stocks a Specialty.

SAMPLES AND PICKINGS A SPECIALTY.
C H A R L E S T O N , S . C.
Correspondence Solicited.

McFadden & Bro.
C O T T O N S A IL DUCK Geo. CH.
OTTON MERCHANTS,

AND ALL KINDS Of
COTTON CANVAS FELTING DUCK,
CAR COVERING BAGGING,
RAVENS DUCK, SAIL TWINE, AC.,
POPE “ AWNING"STRIPES.
A g jn t
U N IT E D S T A T E S B U N T IN G CO.
A full supply all Widths and Colors, always b

BANKER S,

At the New York Produce Exchange
and the Chicago Board of Trade.

Hubbard, Price & Co.,
Members New York Stock Exchange, New York
Cotton Exchange, New York Produce Exchange, New
York Coffee Exchange, Chicago Board of Trade.
Orders executed on any of the above Exchanges,
also for purcnase and sale of cotton for future de
livery in New Orleans and Liverpool. Liberal ad
vances made on cotton consignments.
P R I C E , R E I D db CO ..
N o rfo lk , V a.
Special attention given to orders for ootton for
foreign or domestic shipment.

F. H. Prince & Co.,

P H IL A D E L P H IA .
L i v e r p o o l Co r r e s p o n d e n t s

F r e d e r i c Z e r e g a Sc C o.
M c F a d d e n , Z e r e g a Sc C o.

B r e m e n Co r r e s p o n d e n t s

Bliss, Fabyan & Co.,

Jos. O. Osgood,
M. Am. Soc. C. E.
C o n s u ltin g E n g in e e r .
Reports on Investm ent Properties for Bankers
and Investors.
Examinations in regard to physical condition and
character, earnings, management, needs, value, etc.
R a i l r o a d L o c a tio n a n d C o n s tr u c tio n .

120 BROADW AY,

•

■

NEW YO R K.

WM. FR A N K LIN H A L L
ACCOUNTANT

A U D IT E D
N EW Y O R K , B O S T O N ,P H IL A D E L P H IA > BOOKS
Belling agents fob Leading Brands
New forms designed for books of account.
Settlement of Insolvent Estates.
B R O W N an d B L E A C H E D S H IR T IN G S
an d S H E E T IN G S ,
418 Exchange Building, 63 State Street, Boston
PRINTS, DENIMS, TICKS, DUCKS, * 0
T o w e ls, Q u ilts, W h ite G oods and H o siery .
D rills, Sheetings, die., fo r Export Trade.

Edward E. Higgins,

P a u l Sc h w a r z .

S. A . F a t m a n , S p e c ia l

Fatman & Schwarz,
COTTON COMMISSION M E R C H A N T S .
1 W illia m S t r e e t , N ew Y o r k .
Members New York Cotton, Coffee and Produce
Exchanges.

R. H. R O U N T R E E <& CO .,
C otton ,

G ra in , C offee an d P r o v isio n
C om m ission M erch a n ts.
Cotton Exchange Building.
NEW Y O R K .
CORRESPONDENCE INVITED.

Expert in Street Railway Values and
Economies.
Havemeyer B uilding, Cortlandt St.,
i"EW YORK

Fifth Avenue Hotel,
Madison Square, New York.
The largest, best appointed and most liberally
managed hotel in the city, with the most central
and delightful location.
HITCHCOCK DARLING A CO
Full text of Commercial and Financial Chronicle : August 11, 1894, Vol. 59, No. 1520

FRASER
