Full text of Commercial and Financial Chronicle : August 12, 1893, Vol. 57, No. 1468

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

p ita n c M
o

n

t

m

e

t

t

*

AND
H U N T ’ S

M E R C H A N T S ’

§1*
E E P R E S E N T IN G T IIE
i

M A G A ZIN E ,

U w jr p * * ,

IN D U S T R IA L A N D C O M M E R C IA L IN T E R E S T S O F T H E

U N IT E D

STATES.

Entered, according to Act o f C ongress in tlie year 1893. by W m. B. D a s * .t C o., in tbe office o f the Librarian o f Congress, Washington, D C.

VOL.

SATURDAY, AUGUST

57.
3?h c

is»a.

. 12 OO

.
7 00
.3 2 1 0 * .
S ix Mo*.
do.
do.
do.
...A 1 1 0 * .
T he B m aw oM * SB**3H**nBSS o f ISO pages is baited e v e r y other
-atonth, on the last Saturday* o f January, M arch, Stay. Ju ly, September
and November, and furnished w ithout e x tra charge to ail subscribers
o f the Cfl rosicle for *i* month* or tenser.

The B r e r * tsro O n a o r r u o n a t t of 184 pages Is also given to every
subscriber of the CiiHosn.'Le.
Subscription* will be continued until definitely ordered stopped.
The publishers cannot bo responsible for remittance* unless made by
draft* or by Post Office or Erpre** money order*.

y ea rly

File cover* are sold at 50 cent* each, and to new subscribers for a
▼ear one flle covet 1* supplied without c h a rg e ; pottage on the same it
18 cents.
T e rm * o f A d v e r t is in g — ( P e r In ch s p a c e ).
O n e tim e ........................ ....... *3 *0 I Three Months (13 tim e*). $25 00
-One Month
H Wausau.. 1 1 0 0 ! Six Month*
(20 “
>.. 4 3 0 0
T w o Months
(8 "
}.. 18 0 0 1Twelve Month* (52 *• ) ,. 5 8 0 0
(The above terms for one month and upward are fo r standing cards.)
L on d on A g en ts:
Messrs. E nw tisns i c Surra. 1 Draper** Garden*. E. C., win take tnhleriptions and advertisem ents, and supply single copies o f the paper
a t Is. eacl
WILLIAM b . da isa. W IL L I i n n . IJ4NA Ac € » ., Ptibli«h,«r»,
a. n o w .

r

trn

(G r a in ...

....... b u * h * U . )

Soaton....................
ProvSdeaee...... ........
Hertford.................
New H*v«a............
3pr1c««e d ...............
Worcester.............. Portland.... ...........
Lowell.......................
Sew Bedford............
Fall JUfer*— ..........
Total New Bnjji&xid,
Philadelphia.............
Pttuoarx........ ..........
Baltimore.......... ..... .
Buffalo....................
W«UsUMrto&.............
Itocbeeter.........
............
WUnitnjrton..... .........
Total Middle.........

B O X

T

054.095

1803*

_Q| 543.5S9.578
f2.072.85t)
(50,281,-25)
70.464.520
4.915,0*0
1.814,088

M

a.oee.cat
2.2^,524
1.530.618
M.vi.Wi
L*00.4&»
It!
1.140,822
M I?
1,221.608
785,0i
007.822
407.H2I
511,575
£ w
05,501,030 110.516,465 “
f8.62«.898
H.8/4A28
I4.iffli.506
8,781,617
UWMtt
2.157,787
761,705

14 6 8 .

W ttk En>i’g Ju ly 29.

2,2)8.410
IttSSt)

OTjMu __ 219,700
m & i-M dl ‘ 113,113.810 ~

tliifS
M
T
383.535

556.852

P. Cent.
+2*0

+14*6

-6-5
-12 S
-12-8

02,218,625

4 1__
0 0

811,728
m .u 9
507,900

-8 6

06.021,783

76,477.755

717257,758
KSSS

t,

761.500

876,198
L511,012
mm*

058.

AlfOB*................
spfiiwrBeld, O.........
Bay City*........ .......
CLEAR I NO HOUSE RETURNS.
CmUm*...............
The following table, made wp by telegraph, etc., Indicates Total MiddleWestern.
that the total bank clearings of all the clearing tn .n v. of the A m W r*n.m *m „. . . . . . . . .
...............
United State# for the week ending to*d«v, August 13, have Sait L a k e C lfcj* .. . . . . . . .
been fP».49S,0«5, against *32» , » h,983 last week and
f 990,972.903 the corr»*i>ondiBg week of bust year.
Im Aa«el«s............ .
ir«* XMHitv A . y t u t it.

5,

IP. Cam.

550.088,110 607.351.760
fl79tJU>> a.m.ng>
{32,710,787. a»,xo,m.

Bitutham ton........... . . . .

W illiam 8treel, YEW V olt It.
P o st OwiCB

NO.

W$ek Ending A'ugmt

C h r o n ic le .

T e r m * o f S u b s c r i p t i o n - P a y a b l e In A d v a n c e :
F or One Y e a r .............................................................................. f 10 00
F o r ® * M onth*.................................................................
6 00

roast

12 , 1 8 9 3 .

..........

m

j

s*sa

47

m u st

■ 315,O il
m

,

3m

-e-3

sen,wo
m ar

131,107
“t t im m

lt8 B £
*n s*4
M *US
m r

-

u.msia
W.’O.OP

Ijf9.7&0
776.151
m um

899.000
466.871

-sirs
-» v o

- mo
m u
m m
m .m

210.000 -55-2
m m
125.648 -10-0
1887,
m sm
P*r CmL
Z A A M M • -37*7
15AW50
—33*6
Total
Pacific.,
» U8.rta.9M
¥ m k . KH M SSeW M a *.**»**«•»!
-18 3
0 6 7 8 .1 7 9
4.7&8.507
B m trn , * * . » * . * . . . . j
70,7503*84
-St 3
-818 ,___Cfijr...........
7.877.470
-39-0
Mimmmwtit*-..... . . . ..
4 8
47.887.6t8
-1871 Oa**hA....
&.M6I.O40 -31 J 4 572,846 -13*3
............
5.4 .0 4 tl
BaailalOte
13,157,574
-14-5 AU P aul...........
-40-2
fl. 438.028 -34 1
v
6
.o
O
U
............
LI *9.045 -74*3
—tQ I
79,947,008
Chleaso .... ........ ....... ........S
—80*3 Denver.....
1,581.553 + 17 0
Datath............ .
4*4*8
L*SSS —
-15 3 At. JoeepN...»»,*******
88. Loot* ......
j
S0.737.8oa
4,100.0 •
38*0
967,1.04
-€3
4
381.6
A
u
m
x
C
n
r
...............
5,239,730
Kew OUeos*
«««— . . — {
-1**9
1.001.002
De* Moteee............
tm m m
—Ktra
=?i1
g i
g-efen cilet, 5 f l a f 1
*683.331.508 ™30*1 Uncotn................
847.356
307.617
T|«6IU ..............
-2« 4 Tooele*...,.....
Other ciUe*. 5 day*-----------J
3»:M.*78|
135.21L798
■341
.
•Sjgg
m
m
\
+m
Fremont......... .
-20*1 1
tolooo
Total all ettlea, 5 day*....
*818348.307
1a»etoiswm. f
«•
Bptim&
tM
,
MoA......
-21 2
u i.r e i.m
All ciUet*. 1 4»y...
......J
172,428,5i>8
ms
liwitiiiga*.*...... .* ..
-to-.l
40,vs».ur7 —i s " "3355)32 —si»
Total ait cities h . t week..; (789.190.085
♦980.973.805
Total Other Wester
-34 8 l5.70i.U3
The fall details of clearings for the week covered by tbe St. Lotil*..............
« :k 7
- 8*0
6,753.586
above statement will tie given next Saturday, AVe cannot, of |New Ortenne..........
8,076.901
*,0ie.»57
a.3VMS» -62*9
1,816,601
-ItrO
t.i0?.5«
course, furnish them to-day, bank clearings being made up by
-8*0
I 360,1100
1.4A0.006
the various clearing houses at noon on Saturday, and hence In
,'»« si
-66 8
614.633
“ IH-6
tm j> n
the above the last twenty-four hours of the week have to be
tm s m
- 5 7 ;s
S8S3S
in all coses estimated, aa wp go to press Friday night.
1.150.511 - 2 0 ]
912,555
1,183,000 -87.2
tiant....................
Our usual detailed figure* for tbe previous week, coveting
Q
i«to*o«i.t.......
.....
..
the returns for the period ending with Saturday noon, August
m a 'm
flV7.»*6
684,051
«60.A%*
■">. aa well a* tbe comparative totals in 1892, are given below. oSiiu.*:
800,600
M
Wm».........................
The aggregate of exchanges shows a gain of nearly twenty two Fort Worth...............
325,00*)
KSS
M
millions of dollars over the previous week, fifteen millions of Birmingham............
* 190,959
* «
Ctuuaaocwa................
which is outside of New York. Contrasted with tbe corres iacktonrill...............
*315.760
m iH
I S
oa.'i.o.si.i “ ^T
ponding period of 1892, all but seven of the cities record
3»,SO2,10» - = z r »
Total9onth.nl,.,,...,
MW*** and in the aggregate for the whole country there Is a
t.0»3,5t7,gia —i
8W.750.6J0
T o ta l a l l , . , ...................
decrease of 15 per cent. The most important percentages of
Onttld. New t a l k . . .
~ t
deereaae this week have been at Spokane, 8 2 - 5 per cent; Den­
19 575.230
u jm m y
11.436.how
Hom
ontreel ...............
ver, 80-1: Portland, Ore., 70; Memphis,IMS'S; Birmingham. R5F: M
6^01,474
6 050,712
pronto ............... .
Sioux City, 631; Louisville, 62-9; Helena, 62-8; Milwaukee, Tor,,
~V <.
_________________
n
i l
..........
82*8; Lexington, 58 7, and Seattle, 58 per cent. The heaviest
-12*8
0. *:lii..vAii
-71
WB8d.»>f
IQ.t.ln.dVW
have been at Duluth, 25*8 per cent, and Binghamton, 19 Total r»n*r1%. .
per cent.
* Not fnctaded to uiUOs. t PaolicAtioa dtsoatmued toe t m preseoA.
etSAimoe.
M ir u i t Tutfr-tpH.

gain*

1803.
*375,031,083
55.S37.2tsa
39.996,114
10,387,753
e«rsi«,c*s
13.t37.173
4,U7,»5S
i55a.(i»,eo3
101.778.373
*«! 3.9QS.82V

Q tm t
Akm x

F*

'

THE CHRONICLE.

232

THE
STATE ATJD CITY DEfANTMSNT.
See page* 265, 266. 267, 26S and 269 for ou.- State
and City Department.
All advertisements with relation to State and City Bonos
will likewise be fouud on the same and following pages.

THE FINANCIAL SITUATION.

Other than the President's Message and the meeting
of Congress, which we have remarked upon in a subse­
quent column, the premium on gold and currency that
has prevailed has been the important topic. This fea­
ture in the situation we referred to last week when it had
developed only very moderate proportions. From that
beginning, however, the demand for currency gradually
grew more urgent, the premium rising as high even as 5
per cent, disclosing a marked scarcity of currency, not
alone in this city but very noticeable at Philadelphia
and Boston in the East and at Chicago and other
centers in the West. All kinds of currency were in re­
quest, including even standard silver dollars. Foreign
bankers also report that IT to 2 per cent was paid for
gold to arrive. Of course, the gold import movement
has been affected by these operations, which in turn
have raised foreign exchange rates materially, since the
premium paid raises the par of exchange and conse­
quently the point at which gold can be imported at a
profit. Thursday, however, there were decided indi­
cations that the transactions in currency had culmi­
nated. On that day the supply was increased by large
offerings and the demand slackened. Yesterday the
same conditions continued to prevail, and the premium
on currency dropped to 14@2 per cent.
Nothing could better illustrate the utter and general
loss of confidence than this disappearance of paper
money. Every one was satisfied that gold was being
hoarded and would go on being hoarded so long as the
conditions remained as they were. The uninterrupted
and increasing export of that metal and the continu­
ance of the silver bullion purchases which were forcing
the outflow would obviously lead to that result. Like­
wise recent evidence of the truth of the assumption may
be found in the national bank returns under the late
call of July 12, 1893, which we have been receiving
from Comptroller Eckels and for two or three weeks
publishing comparative statements of. All the returns
thus far received record a very large loss of gold—larger
than can be accounted for by the exports and transfers
to the Government. So natural and logical an operaation can cause no surprise. But hoarding currency is
another affair altogether. No doubt, with the excep­
tion of amounts taken by speculators, the withdrawals
have been in the main the work of the more ignorant
classes, who really have no clear notion of the actual situa­
tion. They have read and heard everywhere of the large
outflow of gold money and without possessing any dis­
tinct idea of the cause for the outflow, the fact has ex­
cited their fears and led them to hold on to the currency
given them in payment for wages or obtained in other
ways, this currency being the only form of money they
receive.
Disturbed confidence in the measure of values must
always develop after much the same fashion. It first
affects the more timid among the better informed, and
from that beginning gradually widens until the whole
body of men of all degrees of intelligence, each accord­
ing to his light and opportunities and in his own field,

[VOL. L'VII.

is led by the same influence to hoard every device bearingthe common name of money. Of course when this spirit
develops among the less intelligent all discrimination is
at an end. Consequently the present situation can be no
marvel. It will soon begin to right itself. Indeed, the
currency speculation seems to have culminated already,
as we have stated above. But until Congress begins to
show pretty clearly what is to be the outcome of the
repeal bill, it is hardly possible to look for a sufficient
return of paper money to the banks to restore the
normal currency conditions. In the meantime the
large arrivals of gold from Europe must do much to
re-establish confidence. The imports this week have
been 134 million dollars, and further large amounts are
afloat. Our private cable gives the amount withdrawn
for the United States from the Bank of England during
the week ending Thursday at £1,951,000.
The money market has remained very much as reported
last week. Oncall, money has been loaning at 6 and 2 per
cent, averaging about 5 per cent, while renewals have
been at 6 per cent; banks and trust companies are not
loaning. The supply, however, is abundant, mainly be­
cause of an indisposition on the part of capitalists to place
their money for fixed periods, and although there is an
urgent demand for time contracts the supply is insig­
nificant, notwithstanding liberal commissions are offered
for any date from thirty days to four months. Nothing
has been done in commercial paper. If those houses
who have notes maturing can obtain an extension, that
will supply the present need, no new accommoda­
tion being asked for. By advancing the rate on renew­
als of loans the banks have this week had some country
loans paid off, but they are not yet in a condition to ac­
commodate their city customers. Clearing House cer­
tificates now outstanding are 837,015,000.
The only feature in Europe this week has been the
advance in the Bank of England miminum rate of
discount to 4 per cent after the price of gold coin had
been moved up to 76 shillings 10 pence per ounce.
Yesterday the Bank of Germany also raised its rate,
advancing to 5 per cent. The cable reports discounts of
sixty to ninety day bank bills in Lmdon 4J@4£ per
cent. The open market rate at Paris is 2} per cent,,
at Berlin it is 4^ per cent, and at Frankfort 4f
per cent. According to our special cable from
London the Bank of England lost £2,290,708 bullion
during the week and held at the close £25,232,459.
Our correspondent further advises us that the loss was
due to imports from the Continent of £136,000 and
from Australia of £100,000, to exports to the United
States of £1,951,000, to Canada of £55,000 and to
Turkey of £50,000, and to shipments to the interior of
Great Britain of £471,000.
Our foreign exchange market has been almost
entirely dominated this week by the premium on gold
in transit and by the advance in the open market and
the official discount rate in London. The premium
upon gold enhanced the value of the metal in New
York, so as to make possible, if not profitable, tke im­
port of gold. This was true although on Thursday
rates for sight bills and cable transfers were not only
above the normal gold-importing point, but very near
that at which gold has been exported. The premium
here on gold ranged, as already stated, from 14 to 2
per cent after Tuesday, the average being equal to
about 7 to 8£ cents per pound sterling, but on Thurs­
day afternoon there were indications of a smaller pre­
mium, and yesterday afternoon the best bid for gold was
one half of one per cent, with offerings at one per cent.

Acorsx 12, 1893.]

THE CHRONICLE.

The arrivals of gold during the week have been on
the Umbria. $1,530,000 ; the two Havana steamers,
$296,000: by the Saale, 1580,000; by the Majestic.
$1,780,000 ; by the Spree, $4,248,750; by the Norman
nia, $4,500,000 ; and from Canada, $600,000— making
$13,534,750. Posted rates for sterling have fluctuated
widely from day to day, and yesterday with the drop in
the premium on gold the market became utterly de­
moralized. Perhaps the best indication of the course of
rates daring the week is furnished by the following,
showing the daily changes by leading drawers.
Frt.
Mon.. Turn Wedaes.. Thors. Fri.,
Aa«. 4. Aug. 7, Aug, 8. Aug. 9. Aug. 10, Aug. 11.

one of these States, its condition being given as 102, and
Missouri is another, the condition for that State being
given as 95. Two or three other but less important
corn-prodncing States also show an improvement for
the month. The averages for the principal States for
a number of years are shown in the following.
coxninoN
1893.

I*

days, 4 85 to 4 85| for sight, 4 80 to 4 864 for cable
transfers, 4 79 to 4 794 for prime and 4 784 to 4 79 for
documentary commercial bills.
The report of the Agricultural Bureau at Wash­
ington isaned Thursday afternoon shows a pretty
general decline in the condition of the crops of the
country since the 1st of July, caused mainly by
drought. In the case of spring wheat, the condition
the 1st of August is reported only 67, as against 74*1
the 1st of July and 87*3 the 1st of August last year.
As the winter-wheat condition the previous month had
also been reported very much lower than in 1892, a
smaller aggregate wheat crop this year than last is
therefore beyond question. Bat as we have remarked
on previous occasions, a reduced wheat yield the present
year will cause no uneasiness, since such large supplies
have been carried over from the last crop.
The
Department likewise reports a decline of 10 points in
the condition of oats, which is now given as only 78*3
against 86*2 a year ago.
Most interest, however, centres in the condition of
corn, as that crop transcends every other in import­
ance. A decline of a little over 6 points is reported
for the month, but the average still stands compara­
tively high, being given as 87. The average is also
above that for the corresponding date last year, when
the condition the 1st of August was only 82*5. The
following shows the averages for all the principal crops
the 1st of the month for several years past.
A ugust 1.
1893,
Corn................. .......8 7 0
rpring -wheal. . . . . 67-0
Spring r y e . . . . . . . . 7HT»
OffiU
. . . . 78*3
B*rSer.............
P otato**........ . . . . 96-*)
C otton.............
T 'li'a o . i ..........
T im othy..........
Buckwheat ... . . . . 88-S

1992.
82*5
87-3
89*9
86*3
91*1
sa-s
82-3
9**8
93*2
Bj-a

1891.
90*8
9.V5
8»*«
89*3
*.Ji 90*5
83*9
HS-S
:«>-!>
97-3

1890.
733
-3 2
86*8
7 0 -1
82*8
77* t
89-ft
69 2
93*6
90-1

1889.
94*8
81 2
:>vt
92 3
90*6
9 4*3
99*3
84*4
9*4*3
95 2

1838.
!>.V5

S
3
91 7
8S4
03-2
87*3
88*1
9S-.5.

1H87.
HO 5
7**8
84*6

m

7$ 1

80 «
93*3

M ith regard to corn the Bureau makes a remark
whieh js decidedly important at this juncture. It says
that while in some parts of the country continued dry
weather has injured the crop beyond recovery, ‘ ‘it is
nevertheless true as to the larger portion of the area
devoted thereto, that improvement is not only possi­
ble, but with a sufficient rainfall through the month of
August will b<» assured." When now it is added that
during the last two days rains have fallen in many of
the W ostern .States, the outlook can not be regarded as
altogether discouraging. It is interesting to note further­
more that in two rather important corn-producing States
the condition of corn improved during July. Iowa is

1892.
i-4

t~4

*-»

?

5a
s
s

92
9S
92
93
96
94
93
94
95
97
89
92
90
88

73
79
83
81
74
SO
81
73
79
80
94
92
90
66

70
75
75
81
72
84
80
73
67
77
95
92
90
90

ATVeU.S. 87*0 93*2

82*5

81*1

Stales.

ri
3
-4

Illin ois... 81
I o w a . . . . f 103
j
day
s
.
Brows Bros.
i Sight..... i f ' s B * i&S* 8W * 8P-* 3ZU Missouri.. 95
Kansas... 82
I§ * g*
8$
»
Indiana .. 79
IUak British
Nebraska, j 84
M%-7
883“ 8 “
NO* ‘
S8k A
Bank at
M dm r*.
O h io........ 85
MomrmL.-..ASight....
3 ■
Michigan. 94
Wisconsin; 99
8»
3
S8g %% 8
Si
_ ----------------jf6» f
d a r t ..
-®4 Minues’ ta 101
elhetmer A ۩ I Sights,.. m
sags
s*
-U* T ex a s. . .
75
The market closed unsettled and weak yesterday, Tennessee 86
Kentucky 86
with rates for actual business 4 80 to 4 81 for silty Petm sylr. 81

M

233

‘ «

o p corn .

1891.
i-4
5S
3

ft

88
90
87
88
88
89
93
87
85
88
93
96
95
94

96
94
ss
82
95
90
93
91
87
90
95
96
95
93

90*8 92*9

1890.
r-4

p4

1
"■S

**

71
85
72
43
70
69
66
76
88
98
76
72
67
84

97
95
93
93
94
91
S3
89
94
95
93
90
87
91

73*3 93*1

1889.
-

rri

?

f

G

90
100
96
102
87
101
87
76
83
92
99
98
97
90

' 82 *
95
92
97
81
9S
81
70
83
87
93
92
90
88

94-8

90*3

With the exception of the four States last mentioned,
the averages in the foregoing for the present year, it
will be seen, are all higher than "for the same date last
year.
A rather important event this week has been the
abrogation of the lease of the Lehigh Valley to the
Philadelphia & Heading. What effect this 3tep will
have on the future of the Reading it is difficult to say
at this time. The action has been followed by the
resignation of Mr. Wilbur of the Lehigh Valley from
the Reading board of receivers, and the appoint­
ment of Mr. John Lowber Welsh in his place.
Another important event has been the action of the
Union Pacific management with reference to the pay­
ment of tho 8 per cent sinking fund bonds of the com ­
pany which fall due the 1st of September. Rumors
had been current that the company would find it diffi­
cult to take care of this debt.
Official announcement
has now been made that part of the issue is to be paid
out of cash held by the sinking fund trustees, while
the rest (amounting only to about $3,800,000) is to be
extended at the present rate of interest for a term of
years. As the bonds are well secured and the offer is
an advantageous one, it will no doubt, be readily
accepted.
The Illinois Central audited return of
earnings for the month of June has been issued this
week, and is very favorable, there being a gain in gross
of $346,581 and in net of $394,343 as compared
with the corresponding month last year.
For
the month of July estimated gross 3hows an
increase of $283,083. The West Virginia Central A
Pittsburg for July reports an increase of $5,806 in gross
earnings and an increase of $2,306 in net earnings; the
Georgia Railroad for tho same month has lost $22,343
in gross and $11,034 in net, and the San Francisco A
North Pacific has lost $10,170 in gross and $11,578
in net.
Tbo Mexican National for June reports gross
of $331,160, against $325,523, and net of $111,013,
against $118,203, the figures being stated in Mexican
currency. The Minneapolis & St, Louis for June has
net of $49,687, against $60,093; the Denver & Rio
Grande $316,007, against $315,841: the Wabash $281,125, against $302,055, and the Philadelphia & Erie
$212,973, against $84,403.
If, as has been stated in some of the newspapers,
supplies of coal in the West and Northwest are unusu­
ally small, efforts are evidently being made to add to

THE CHRONICLE.

234

them. We have received this week the statement of
the amount of freight passing through the St. Mary’s
Falls or “ Soo ” canal during the month of July, and
find that aggregate tonnage east bound and west
bound was heavier than for the same month last year,
notwithstanding a considerable falling off in the iron
ore shipments as a result of the diminished demand
and depression in the iron trade. The increase has
been very largely in the coal shipments, which reached
618,021 tons in July, 1893, against only 542,003
tons in July, 1892. Aggregate tonnage of all kinds
passing through the canal in July, 1893, was 2,017,183
tons, against 1,92G,210 tons in July, 1892. The west­
bound shipments increased from 599,971 to 719,421
tons, coal being the main item in the same, while eastbound shipments fell off from 1,326,239 tons to 1,297,762 tons ; more than the whole of the falling off in the
latter occurred in the iron ore shipments, which were
only 836,327 tons in 1893 against 932,706 tons in
1892. The] flour and grain shipments were much
heavier than last year, 1,042,845 bbls. of flour passing
through in July, 1893, against only 792,289 bbls. in
1892, and 4,881,064 bushels of wheat against 4,556,785
bushels.
The following statement, made up from returns col­
lected by us, shows the week’s receipts and shipments
of currency and gold by the New York banks.
W e e k E n d in g A u g . 1 1 ,1 8 0 3 .

G o l d ___________________________________
T o t a l srold a n d le g a l t e n d e r s ___

R e ceiv e d b y S h ip ped b y
N . Y . B a n ks- N . Y . B a n ks.

N e t I n ter io r
M ov em en t.

$ 1 ,0 2 2 ,OUO
3 9 4 ,0 0 0

$ 4 ,2 3 3 ,0 0 0 L o s s $ 2 ,6 1 1 0 0 0
2 ,5 9 1 ,0 0 0 L o s s . 2 ,4 9 7 ,0 0 0

$ 2 ,0 1 6 ,0 0 0

$ 7 ,1 2 4 ,0 0 0 L o s . 5 ,1 0 8 .0 0 0

Kesultwith Sub-Treasury operations and gold exports.
O ut o f
B anks.

W e e k en d in g A u g . 11, 1893.

In to
B a n ks.

B a n k s ’ In te rio r m o v e m e n t, a s a b o v t
S n b -T r e a s . o p e r . a n d g o ld i m p o r t s . .

$ 2 ,0 1 6 ,0 0 0
1 7 ,0 0 0 ,0 0 0

nance

N e t Change in
B a n k Holdings.

$ 7 ,1 2 4 ,0 0 0 L o s s $ 5 ,1 0 8 ,0 0 0
1 1 ,3 0 0 ,0 0 0 G a in 5 ,7 0 0 ,0 0 0

T o t a l arold a n d le g a l t e n d e r s ........ $ 1 9 ,0 1 6 ,0 0 0 $ 1 8 ,4 2 4 ,0 0 0 G a in .

$ 5 3 2 ,0 0 0

Bullion holdings of European banks.
A u g . 10. 1893.

B ank of
G old.

E n g l a n d ...........
F r a n c e .............
G e r m a n y ........
A o s t.-H a n g ’y
N e t h e r la n d s ..
N a t . B e lg iu m .
S p a in .................

S ilv e r.

A u g . 11, 1892.
T o ta l.

X
&
X
25.282.459
25,232,459
68,723.528 61.0C6.090 119,72:1.618
30.282.000 10.094.000 40,376,001
10.684.000 16.372.000 27.050.000
2.817.000 0,978,000
9,795,000
2,780.667 1,390,333
4,1? 1,000
7.916.000 6,899,000 14.315.000

G old.

S ilver.

Total.

X
26,749,917
66,433.557
36,725,250
5,960,-100
8,218 OOG
2,960,607
7,596,000

X

X
20.719,947
118.254,348
48,967,090
22.813.000
10.541.000
4,450,000
12.615.000

51,820,761
12,241,750
10.847.000
7.323.000
1,483,333
5.019.000

T o t . t h is w e e k U8.435.654 92,239,423 2-10,075,077 149,055,451 94,734.844 244.390,295
T ot., p r p v . w ’ lr I f 0 598.528 02.896.257 242.998.785 148,588.117 94,670.020 343,258,13

PRESIDENT

CLEVELAND’S MESSAGE TO
CONGRESS.

Public interest has this week centered upon the
doings of Congress, that body having come together in
extra session on Monday, and upon the President’s
Message which was delivered on Tuesday to the Senate
and House. W ho can recall among the critical situations
our commercial history records such an occasion as ex
ids to-day ? Many make comparison with other crises,
more particularly with 1873. But there is no similiarity except on the surface ; the present emergency is
unique, the only one of its kind. Note the condition
of business and the attitude of all commercial classes
throughout the country. Every eye to-day is fixed on
Washington. Not a hope of real relief from any other
source is indulged in by any one. Moreover, it is no
mere figure of speech to say our industries are paralyzed;
so far a3 we can remember, never did that word express
so accurately the literal truth. Our industries are not
moribund, they are not£in]a state of insolvencyy>r ap­

[V ol. LVII.

proaching insolvency. Nothing of that kind explains
the idle spindles, the noiseless machinery, the stilled
workshops—animation is suspended, that i3 all; the
wheels of commerce are simply out of action. Await­
ing what? Is it liquidation or anything of that char­
acter? By no means—just waiting ready to start up at
any moment on the repeal by Congress of a little piece
of injudicious legislation. The nation attempted to cre­
ate value by statute, and the operation of the law has
gone so far as to destroy throughout Europe and
America every bit of confidence in the stability of
things here.
As Congress meets at a juncture such as these
thoughts suggest, not a word is required to explain the
deep concern with which the President’s message has
been looked for and read. We all might have formed a
pretty accurate conception in advance of actual knowl­
edge of what would be the character of this state
paper, for President Cleveland has met the conditions
in his usual direct and open way. The message con­
tains just what the occasion required and nothing
more, is free from any trace of political bias, mixes up
no other subject with the one which engrosses the
public mind, and consequently strengthens the hope of
all conservative classes. He tells us the exact truth
with reference to the origin of the harmful legislation
the nation is suffering from. It was an expedient to
avert a worse device, “ a truce after a long strug­
gle between the advocates of free silver coin­
age and those intending to be more conservative.”
He shows clearly the working of the statute, how
it has robbed the country of its gold, destroyed
confidence, dislocated our industries, and how it is sure
in the end to be most mischievous of all in its effect
upon “ the man who earns his bread by his daily toil.”
Finally he enforces the truth that the “ financial condi­
tion of the country should be considered at once and
before all other subjects” and that “ it is of the utmost
importance that such relief as Congress can afford”
should “ be afforded at once” by the “ prompt repeal”
of the disturbing statute.
President Cleveland has thus done all that he can do.
He has in obedience to a general and even impatiently
expressed wish of the people convened Congress in
extra session, and he has in a clear, straightforward
manner told the members of both Houses how serious
the crisis is and what is the only remedy. Accordingly,
under our method of government, the responsibility
rests now wholly with this National Legislature, which
the public has from the first looked to as its ultimate
hope. We may say without exaggeration that very
nearly every business man is suffering to a greater or
less degree, and hence that all the active enterprising
workers in the laud are waiting for and watching the
deliberations and action of their representatives with an
intensity of feeling seldom if ever equaled. The pecu­
liarity, too, of this crisis is that the commercial
classes, outside of a few silver States, know just
what they want—their demand, coming up from
all parts of the country, is for the repeal
of the purchasing clause of the silver bullion
law of 1890. No compromise of any description will
be tolerated, and the attempt to turn this single issue
into another “ truce,” or to attach to it legislation
about banks or about other currency matters will be
looked upon as prompted by a desire to embarrass and
delay the only action which public opinion has deter­
mined can successfully relieve the strain of which the
offensive law is the cause. We do not mean that

A ugust 12, 1893.]

THE CHRONICLE.

the people believe all further currency legislation will
be needles?.
After the repeal measure is passed a
new bank and currency arrangement will come to the
front as a chief essential in legislative work, and ought
to be devised with as much expedition as is practicable.
But for the time being, and until the country's indus­
tries have been rescued from the peril they are in, there
is no place for anything of that sort, since each day’s
delay sorely tries the endurance of a large class now
under severe pressure, lengthens the list of the dis­
asters produced, and will surely retard recovery after
the repeal is effected.
As yet Congress has accomplished little. That is
a disappointment to many no doubt, but was inevit­
able.
The forms for affecting legislation are a
necessary preliminary to definite action and have to be
constructed first. Furthermore it takes time for the
views and methods of a body of men coming from such
diverse surroundings to be adjusted to the conditions
and organized for effective work. All this has been in
progress duriug the week and as far as developed the
outlook is favorable.

BUILDING OPERATIONS IN NEW YORK,
CHICAGO AND BROOKLYN.
The erection of new buildings does not as a rule at­
tract much attention as a factor in our industrialsituation. Yet in the large cities the expenditures for newwork of this kind reach very considerable aggregates

each year, and the construction of the edifices gives
employment to great numbers of men, besides affecting
directly or indirectly many different trades and requir­
ing the use of large amounts of building materials.
Nor can it be claimed that the degree of activity and
the expsnditures involved are not subject to fluctua­
tions from year to year. Indeed general trade and
finanoial conditions have as much influence in this de­
partment of business as iu others, and in addition there
are of course the usual special stimulating or retarding
agencies, arising out of exceptional events and occur­
rences, which affect results in greater or smaller
measure according to their nature and importance.
In view of the financial disturbances and business

depression we have experienced the present year, the
records just now have particular interest. The Real
Estate Record ct- Guide, of this city, a short time
since gave its usual compilation of the statistics
for New York City and Brooklyn, showing the num­
ber of plans filed and the number and costof the build­
ings projected for the six months of the current year
to June 30, and from Th Economist of Chicago we

235

obtaining needed accommodations iu the money mar­
ket, and the uncertainty of the business outlook, may
interfere the present year to a greater extent than
usual with the immediate carrying out of the projects
for which plans have been filed, but as we shall show
further below a large proportion of the projected build­
ings are of a class that is unlikely to be affected very
greatly by such developments.
Taking first the statistics relating to Chicago, we find
just what we should expect to find, that is, a striking
falling off in the projects for new buildings as com­
pared with the corresponding six months of 1892. The
Economist of Chicago reports that permits for the erec­
tion of 1,803 buildings, to cost $18,235,895, were issued
in the first hall of 1893, as against permits for 6,716
buildings to cost $28,840,400 in the first half of last
year. This is a falling off of 1,853 in the number o f
buildings aud $10,604,505 in aggregate cost. The to­
tals are smaller also than in the first half of 1891, when
the permits covered 6,068 structures of an estimated
cost of $22,877,700. We say the falling off is what one
would expect, because the fact that the World’s Fair was to
be held in the city in 1893 undoubtedly proved a stim­
ulus and furnished the motive for the construction of
an unusually large number of buildings in 1890, 1891
and 1892, so as to provide for the growth of population
and demand for buildings which the Fair was sure to
bring. Now that the Fair is actually open, that motive
no lunger exists, while a feeling of caution aud con­
servatism would naturally make investors and builders
inclined to go slow in providing further new buildings
until it w;i3 seen what the situation and demand were
likely to be after the Fair. Very few persons have any
idea how largely building operations in Chicago have
expanded since 1889. We referred to the matter about
a year ago, but the addition of another year to the
figures makes the results still more striking aud inter­
esting. In the following we give the statistics for
several calendar years past, both for New York and
Chicago.
K CW M C IL D IXO S m O J E C r g D IX C H IC A G O .

C a le n d a r T ea r* .

l * « a .................................
1387..........................
I # * 8 .............
18811.....................................................
1 -0 0 ......................................................
1#»1....................................................
1832............

Vo. o f
Met
Buildings. Frontage
t.«S4
112,30 s
4.333
115.50.!
4,»5#
it o .m
1,11.11
1141,573
11.90#
‘ 286,281
11,805
232,072
13,118
328,222

Estimated
Cost.
871.321,400
10,778.100
2O.380.80t)
38,085,500
*17,322,100
r>1,001,800
83,403,400

Town, o f Hyijp P.trk.
I a Scp VIpw and portions o f Joffersmi
and C li-r - in< u id c i fo r tlio flntt *troe! » IM» year. TUi> aggregate o f
new building* for USe»r towns in 1880 was 2,85.1, posting $6,450,500.
lir it lilV d PKOI8CTBD 13 SEW TOOK CITV.
Calendar
.Vo, o f
Estimated Cqtemlar
.Vo. o f
Estimated
Tears.
BnUdings.
Cost.
Tears.
Buildings.
(tost.
1335................... 1,470 845.9IS.246 1S 33.............. 3,621 808,702.031
13*01..........
4 .0 )7
5M.47B.053 134)0_______ 3,50 7 71,076.373
1 3 3 7 .............. 4 .3 -5 66 ,333 .3-0 1391 . . . ....... 2.321
56.072,024
1888............... 3,076 47,142,17.3 1892.............. 2,087
59,107,618

have the totals for the World’s Fair city. Of course
Thus in the calendar year 1892 the aggregate cost of
data regarding projects filed do not offer an absolute the new building projects in Chicago was actually
guide to the building operations in progress. Some of the greater than the aggregate for Now York, the amounts
projects may bs abandoned, and on others work may Dot being $63,463,400 to $59,107,618. Iu 1889, if we in­
he undertaken till a long time afterwards. But if we clude the figures for the towns annexed since then, the
assume that with special exceptions the average total for Chicago was only about 3H million dollars;
of such lapses and “ deferrals ” doe3 not vary a great deal in 1890 there was an increase to 4?i millions, in 1891.
from year to year, a comparison of the numbers aud to 54 millions, and in 1892, as we have seen, to 634
amounts of the projects between corresponding periods millions. In New York the course was just the re­
is useful as an indication at least of the relative extent verse of this, and from $68,792,031 and $74,676,373 in
and activity of the work and of the changes which 1889 and 1890 respectively there was a drop to
are taking place. Here in New York the projects lor $56,072,024 and $59,107,618 in 1891 and 1892 respect­
the first six months are usually very mush larger than ively. Of course, as regards the number of buildings
those Sled in the last six months, and reflect the work- comparisons between the two cities are of little use,
in great part which it is proposed to undertake in these since the structures are so different in character. The
last six months when the weather conditions favor out­ $59,107,618 aggregate cost for 1832 at New York cov­
door operation?. It may be that the difficulty of ered only 2,967 structures, whereas the $63,463,400

THE CHRONICLE.

"236

fV0L, LV1I,

Thus there are just two sections that show any de­
cided increase in the aggregate cost of the new build­
ings provided for, namely the section south of Four­
teenth Street and the section between 59th and 125th
streets, west of Eighth Avenue, and in the latter case
the increase would disappear if the cost of the cathedral
were taken out. These two sections also furnish by far
the greater proportion of the aggregate for the whole
city, the first-mentioned section being credited with a
total of $12,862,722 and the last-mentioned section
with a total of $14,036,250, or together nearly 27 mil­
lion dollars out of 43 millions, or if we eliminate the
Cathedral 22 millions out of 38 millions. The fact
is a significant one in its bearing on the proba­
bility of the construction under the present adverse
financial conditions of the new structures planned. In
the district south of 14th Street the outlay is chiefly
for new office buildings, hotels, stores, etc.; in the dis­
trict between 59th and 12oth streets a considerable
amount represents costly private residences. Now
where the project covers buildings of large oost, the pro­
moters of the undertaking, it may reasonably be sup­
posed, have long since made full provision for the
financial part of the scheme, and, besides, where land
is so valuable as in the sections in question, the incentive
to replace old and small buildings by new and com­
modious large structures, or to build upon vacant lots,
is very strong even in times of business adversity.
Hence while the existing business depression will doubt­
less be sensibly felt in this as in other branches of trade,
yet, for the reasons mentioned, the -effect is likely to be
less than would otherwise be the ease. We may note, too,
that analysis of the totals for the whole city reveals
much the same characteristics as the figures of the
two special sections mentioned. That is to say, flats
and tenements, where ruling conditions may be
expected to have decided influence, foot up less in 1893
than in 1892— $11,365,800 against $13,179,500 ; while
office buildings, hotels, stores, churches, &c., furnish a
decidedly increased aggregate, $19,953,400 against
$13,611,500, or without the Cathedral $14,953,400
against $13,611,500. We may state, furthermore, that
even in the private dwellings there is a falling off, the
total standing at $8,242,250 against $9,587,415. In mis­
cellaneous structures, however, there is an increase—
NEW BUILDINGS PROJECTED IN NEW YORK CITY.
$3,446,363 for 1893 against $2,874,168 for 1892.
1393.
As regards Brooklyn and Kings County, there is a
1891.
1890.
JNo.
Cost.
No. Cost.
falling
off as compared with the corresponding six
No.\ Cost.
No.
Cost.
$
i
months of 1892 in the number of buildings projected,
§
$
January...,....... 174 3,958,097 195 2,666,730 141 3,267,953 228 5,473,700
February .......... 173 4,550,521 238 5,007,403 219 3,992,620 816 7,087,075 but only a trifling decrease in the aggregate cost, the
March......... ..
301 6,328,620 896 8,041,460 j 313 5,607,920 350 6,709,438
-April............ . . 354 8,837,625 440 10,528,040 370 7,784,175 384 8,743,980 total number of buildings being 2,199, against 2,380,
May................... 310 *13155625 208 5,702,450 316 8,760,150 424 9,191,225 and the cost $11,452,444, against $11,953,084.
The
June................... 240 +0,177,325 342 7,306,5(0 230 5,087,998 323 8,493,493
decrease
in
the
number
of
buildings
is
almost
entirely
Total............ 1552 43.007,813. 1*14
1589 34,500,810 2025 45,098,511
in the brick buildings, of which there are only 867 in
r Z 1 , " u ” t V v rr h
" avme bo cost $c,oou,uou.
Includes 8t. Luke’s Hospital to cost $1,000,000.
1893, against 1,021 in 1892, the number of frame build­
Much the same feature is observable when th
ings being 1,332, against 1,359. The following gives
projects are grouped according to the place of location
the estimated cost of the new buildings in New York
oi the buildings iu the different parts of the city. . The
and Kings County for a series of years.
following is an analysis of the figures on that basis.

aggregate for Chicago covered no less than 13,118 build­
ings. The Chicago statement also gives the frontage of
the buildings, and it will be noticed that the aggregate
frontage for 1892 was 326,222 feet, which, added to the
282,672 feet for 1891 and the 266,284 feet for 1890,
gives a grand total for the three years of 875,178 feet,
equal to over 165 miles of buildings !
Turning now to the figures for this city for the first
six months of the current year, the exhibit is quite
different from that for Chicago for the corresponding
period. As there had been no such increase here a3
at Chicago, there was no room for a fall such as has
occurred at that point. As a matter of fact, the esti­
mated cost of the new buildings in New York for
which plan3 were filed in the first six months of this
year is reported as three or four million dollars larger
than in tSuTfirat half of last year, though the number of
buildings is somewhat less. The figures are 1,552
buildings for 1893, against 1,814 for 1892, with the
cost $43,007,813, against $39,252,583. The Record
and Guide says the increase is the more noteworthy
considering that the building law was in process of
amendment last year, and in consequence a number of
plans were filed at that time as paper projects for the
purpose of obtaining the easier conditions of
the old law. Says the Guide: “ It is true
the figures this year include $5,000,000 for the
new cathedral of St. John the Divine, a large part of
which is a mere anticipation of what is to come ; still
if we eliminate this from this year’s figures and then
from last year’s figures the number of paper plans
filed at the Building Department, we may say that
enterprises involving quite as much, if not more, have
been undertaken in the first six months of 1893 than in
the similar period of 1892.” The St. Luke’s Hospital,
to cost a million dollars, is also included among the 1893
projects, but on that undertaking work is actually in
progress. The Cathedral project came in to swell the
totals in May and the Hospital the totals in June, and
the following shows the numbers and amounts for each
month as comparing with the same months of the years
preceding. It will he observed that there were really
only two months that showed a larger aggregate cost
than the corresponding months of 1892, and only one
month that showed a larger number of buildings.

I>LSTRIBOTION QF NEW BUILDING PROJECTS IN NEW YORK.
First Half-Year.
Wo.

Cost.

%
South of 14th Street.................
12,862,722 244 10.815,050
■Bet, 14th and 59th ats.. 1...........
5,112,955 181 6,488,325
Set. 59th & 125th. E. o f 5.th Ave
5,725,185 229 6,404,370
Bet. 50th & 125th, W. o f 8th Ave.I 320 *14986259 454 10.48S,Sfioj 874,
Bet. 1loth & 1.25th. 5i h A 8th aves.1 25 533,0091 43 532,800
3forth o f 125th Street................. its 2,447,000 188; 2,088,855
■d and 24th wards.......................i 415 2,290,701 474 ; 2,824,418
’Total................................... I1552 43.007.813
1814 39,252.583
'.I'Y A Y '68 Cathedral or St. Jutin the Divine, to oust 410,000,000, ana
! . o« 6 ’s Hospital to oost $ 1,000,000.

ESTIMATE}} COST OF NEW BUILDINGS PROJECTED.
First six months.
1893.
1892.
1891.
1890.
New York City ..$43,007,813 $39,252,583 $34,500,316 $45,69S,511
Kings County... 11,452,441
11,953,084
12,330,837
13,563,325
Total.............$54,460,257 $51,205,667 $16,831,653

$59,261,836

In connection with the new building projects, a fea­
ture of the real estate operations of the six months is
worth pointing out. It appears that in New York the
conveyances were larger in 1893 than in 1892, while the
mortgages recorded were less in number and amount.
There were 8,071 conveyances in 1893 as against 8,070
in 1892, and the consideration involved was $150,300,-

AuorsT 12, 1893,]

THE CHRONICLE.

23 r

925 against $135,4??,515. On the ocher hand, the
mortgages numbered 7,908 for $105,428,554, against
8,186 for $108,961,626. For a period of financial dis­
tress this is certainly a not unsatisfactory showing. In
Kings County there was a falling off in the transactions,
the conveyances numbering 9,312 for a consideration of
$32,736,454 in 1893 against 9,717 for $41,235,535 in
1892, and the mortgages 7,562 for $29,121,222 against
8,025 for $31,212,594.

any road in our table— may be ascribed largely to that
circumstance. The situation of the Illinois Central as
regards passenger travel to the Fair is, as is known,,
exceptional. Still, the effect in the case of some other
roads is also very marked. Take the Cleveland Cin­
cinnati Chicago & St. L ouis; that road, per ou r
figures further below, lost $65,912 in its earningsfor the m onth; but the freight revenues alone
show a decrease of as much as $124,292, while
the passenger earnings mcreased $48,501, and
RAILROAD GROSS EARNINGS FOR JULY. there was also an increase in the revenues from:
The Evansville & Terre Haute
We think no one will be surprised to find an unfa­ mail and express.
has
a
gain
in
aggregate
gross for the month
vorable exhibit of railroad gross earnings for the month
of
$6,625
;
on
analysis
it
is
seen
that freight revenues
of July. The financial disturbances and complete
fell
off
$6,385,
but
that
there
was an increase o f
unsettlement of all industries had foreclosed the pos­
sibility of any other result, and besides the returns $11,906 in passenger revenues, the latter an increase o f
from week to week as tabulated by U3 bad foreshad­ over 40 per cent. The Grand Trunk of Canada for the
owed the probable nature of the exhibit. Our state­ four weeks ending July .29 has au increase in gross o f
ment for the month comprises 138 roads, and in the $42,348, which is made up of a decrease of $72,612 in
aggregate of the earnings of these roads there i3 a fall­ the freight revenues and an increase of $114,960 in the
ing off of $1,765,527 or 4*11 percent. Out of the 138 passenger revenues. So in the case of the Chicago &
roads no less than 72 are obliged to report diminished Grand Trunk, which is the Grand Trunk’s line to
earnings, but all things considered a fulling off of Chicago, while aggregate gross earnings have increased
only 4 per cent in the aggregate is a much better show­ $47,594, freight earnings fell off $32,791, the gain
ing than one would have supposed possible under the coming from an increase of $80,385 in tho passenger
receipts; in this case the increase in the ]>assenger
circumstances.
In the case of the separate roads the losses are in revenues reaches over 75 per cons, the aggregate of the
some instances very heavy, both in ratio and amount, same for the four weeks being #186,361 this year
reaching 50 per cent or over. Of course the heaviest against $105,976 last year; in the last three weeks the
losses as a rule come from the roads which run increase iu the passenger receipts of this road was in
through the sections of country where silver raining is each week over 100 per cent.
As regards the character of the exhibit last year, wa.
one of the main industries, the mine owners haring
are
not comparing with a period when there had been
ordered a pretty general shut-down after the an­
an
exceptional
amount of improvement. Some of the
nouncement of the closing of the India mints
roads
iu
the
Northwest
and also some of those in the
to the coinage of silver on private account and the
Southwest
then
had
<{uite
satisfactory gains, but on the
great drop in the price of the metal which resulted
other
hand
many
of
the
roads
iu the South and iu the
from that event. But there are many roads remote from
Middle
and
Middle
Western
States
(the latter chiefly
the silver-producing sections which report losses of as
much as 20 or 25 per cent from the totals for the corre­ because of a smaller grain traffic and the effect upon
sponding month last year. The truth is, while the the iron trade of the troubles at Homestead) showed
sections mentioned have, for the reason stated, suffered losses at that time, and in the grand aggregate of all the
most, the existing disturbance in business has been roads the increase was only a little over a million dol­
general and widespread, ami no section of the country lars—$1,040,346, or 2'34 per cent. In the years pre­
or class of roads has been exempt from its effects. ceding, however, more particularly in 1891 and 1890—
Mills and factories in large number all over the United the gains had been heavy, m will be seen by the fol­
States have abut down or eke have curtailed operations lowing :
very extensively ; in some cases this step has been taken
merely as a precautionary measure, in others because
of an actual falling off in demand, and in stilt others
because of the inability to obtain credit or cash with
which to carry on the doily work. The derangement
of the ordinary banking and business methods, owing
to the great distrust prevailing and the scarcity of cur­
rency, and the difficnlty of selling domestic exchange
in the usual way and upon the usual terms, and, fur­
thermore, the fact that cash was at a premium over
checks, served to aggravate and intensify the prevail­
ing troubles, and suggested the stoppage of work in
many cases as the easiest and wisest course to pursue.
Except for the increase in passenger travel in con­
nection with the World's Fair at Chicago the falling
off in earnings in the aggregate would be more strik­
ing, and several roads which now show an increase
would have a decrease. Only very few roads furnish
statements in sufficient dotail to enable one to see the
passenger and freight revenues separately. It is safe
to assume, however, that the gain of $283,083 on the

B u r n in g .
Tmr

tn c -'fa M .

G iv e n .

Tm r
P reced in g ,

Suh.

1r n m .

M ite*.

iAS# a x 9 m u * ) ........
i-'iXUUSrM.ui........
1891 4 m r o a d * ) ,. ....
uwt ( l i t r a t e ) ........
......

mm*

76,673
•85,172
87.130

W ,S $ 2

m

m ,m

»M78

w ,m
iM 99

n jtiQ
m jtm

213,758,040; 198,470,318

m jm

200,270,819:247,288,222 Inc M .aeacar
295,633,^C»j.278,g40,40« I n c . 17.286,98#
2 #s,su,os?i*»,3iS .n)i I n c . S.984.S60

Jan. 1 t a j m l
ro»d*>.......
i'stl. 11$4 m o d s }* . . . ..
iSSSiHOrwuU)........
i-W i
____

,toe

m .m t
«M 9t

Tm r

Tm r
(H m n .

P r e c e d in g

»

i

1

31.010,2 it 29.480.505 flic. 3.159,707
S8.MM74 ne.aso.isi h x c . 3,100,830
38,400,718 t n e , « m e i i
15,510,391 41.470,018 I n c . 1,040.840
41,190,451 42.955,981 t h e . 1.765,6*27
In c
In c

,15,2? 7,722?
25,529.001

As concerns the factors which ordinarily play such a
prominent part in affecting railroad traffic and earn­
ings, but which this time are so completely over­
shadowed in importance by the unfavorable state of the
genera! trade situation—as concerns these factors the
grain movement at the West fell below that of a year ago,
and the Temark applies with special force to the wheat
receipts. Doubtless a variety of influences contributed
to the falling off iu wheat— the smaller crop raised the
present year, the fact that the supplies already
Illinois Central—the heaviest gain reported this time by held at the Western markets were very
heavy

THE CHRONICLE.

238

the inability to secure accommodations from the banks,
and the extraordinarily low price to which the cereal
dropped. For the four weeks ending July 29, the
present year, the receipts of wheat at the Western
markets were less than 11 million bushels, as against
over 17J million bushels in the corresponding four
weeks of 1892, being a decrease of over 6 million
bushels.
Last year the spring-wheat markets had
shown a very heavy increase; this year the receipts at
Minneapolis have been 2,927,170 bushels, against 4,043,700 bushels, but at Duluth 2,556,543 bushels,
against .2,202,776 bushels. It is the winter-wheat
points that record the largest contraction, and these
points sustained a heavy loss in most cases last year
too. At St. Louis the receipts in the four weeks of
1893 were only 2,060,584 bushels, against 3,207,172 in
the four weeks of 1892 and 3,705,989 bushels in 1891.
Toledo received no more than 602,340 bushels the pres­
ent year, against 2,427,300 bushels in 1892 and 4,150,761 bushels in 1891, indicating a very noteworthy
falling off.
Detroit and Cleveland received more
than last year hut less than two years ago. At Chi­
cago, which receives both winter and spring wheat,
the receipts in the four weeks of 1893 were only 1,226,
497 bushel?, against 2,526,687 bushels in 1892 and 6,103,609 bushels in 1891, the four weeks in this latter
year including the 1st day of August, when the move­
ment was very heavy. The following gives full de­
tails of the grain receipts.
RECEIPTS OF FLOUR AND GRAIN FOR FOUR WEEKS ENDING JULY 29

AND SINCE JANUAR1 1.
Flour,
(DM*.)
VH*G<*UO—

5>7P77i
317.211
Vs. JtalT 18«:
SinceJan. 1, ISO? 2,7i3.G84
Since Jan. 1,1892 3,172,248
4

W heat,
(bush.)

1,226.497
2,526.68'
20,491,893
11,182,293

C om ,
(Dush.)

Oats,
(bush.)

Barley,
(bush.)

Milwaukee—

Toledo—

602,340
273.300
10,588
224.000
2,658 2,42\300
5.1,077 2,986,670 4,190,958
44,390 4,93u,?00 4,673,500

4,800
19,200

12,027
732,824
57,376 172,072
12,248 490,768
55,836 110,292
90,200 3,029.388 1,158,365 1,209^22
88,102 2,508,700
564,952 949,723

416
56,042
337,222
524,033

4 wks. July, 1893
18,518
120.744
26,800 215,573
-i wks. July. 1892
29.441
111,057
20.636 189.0-0
SinceJan. 1,1893 157.404
949,122
329,956 1,407,686
Since Jan. 1,1892 189,376 1,009,151
321,225 1,319,541
Penrin —
4 wks. July, 1893
28,200
55,200
445,500 1,134,200
4 wks. July. 1892
10.200
72.700
402.900 1,123.100
Since Jan. 1 ,1893 151,850
645.750 5,742,490 10,486,400
Since Jan. 1,1892 107,025
492,800 7,350,050 7,408,500
Duluth —
4 wks. July. 1893 555,391 -2,550,543
4 wks. July. 1892 541,082 2,202,776
Since Jan. 1,1893 1.711.030 10,257,00?
115,386
SinceJan, 1,1892 1,748,130 17,044,533

14,500
3,203
285,257
238.83C

500
77,796
17,897

7,000
9.000
583.200
720,100

1,200
11,350
129,002

4 wks. July. 1893
1 wks. July, 1892
Since Jan. 1,1893
Since Jan.!, 1892
Cleveland—

M inneanolis—

4 wks. July. 1893
4 wks. July. 1892
Since Jan. 1,1893
Since Jan. 3,3694

J u ly.

SVheat.bush.
Corn. ..bush.
Oats.. bush.
aye., .bush.
Barley.bush.
Total grain
Flour., bbls.
Pork....bbls.
Cut m’ts.ibB.
Lard......lbs.
Lire hogs No

1893,
1,330,548
9,416,299
6,022,601
44,250
80,982
10,894,680
301,097
3,000
12,219,697
5.828,761
519,507

1892.
2,687,748
5,834,115
8,011,352
145,267
196,90?
18,355,389
349,950
437
19,519.941
7,981,935
488.820

30,100
12,200
54,900
95,800

2,927,170
4.043,700
29,180,325
34,908,777

Total o f all—

wks. July. 1893 1.061,327 10,943,707
8,105,833 124,298
4 wks. July, 1892 1.147,525 17.099,510 11,293,764
6.109,904 9,948,031 461.653
Since Jan. 1 ,1893 6,018,587 79.300,316 72,714,434 62,932,578
10,253,97ii
Since Jan. 1.1892 7.851,077 87,820,303 73,592,157 59,130,917 12,908,794
2,541,019
•a .. . ..rimnt:o the above there was received at Kansas City during the four
bushels of wheat, 133,lot bushels of corn and 1,449
*VQh%ao h Since January X the receipts have been 5,517,323 bushels of
wheat, i,-A3~,214 bushels of com and 130,111 bushels of oats.
4

it will he observed from the foregoing that in corn
the movement was heavier than a year ago, but that in
oats and the other cereal?, as in the case of wheat, the
receipts this year were smaller than last year. The
gain in corn inured chiefly to the benefit of Chicago
and St. Louis. The loss in oats occurred mainly at
Chicago. The figures given cover the four weeks end­
ing July 29. The following shows the grain movement
at Chicago for the even month, and also the movement
of provisions and live hogs at the same point.

Since Jan uary 1.
1893.
1891.
1892.
1891.
5,761,107 20,553,297 11,280,414 10,772,503
7,317,335 39,346,178 39,035,838 38,381,873
3,822,906 40,40S,943 40,950,091 30,216,855
346,872
866,325 1,520,743 1,317,939
33,832 5,404,135 6,793,093 4,082,552
17,282,052 106,578,878 99,580.179 84,804,527
280,421 2,718,477 3,187.175 2,155,963
87
3,516
11,010
6,974
13,657,014 72,577,287 107,064,145 127,441,823
5,188.135 32,055,026 50,313,504 46,610,686
468,497 3,310,301* 4,771,448 4,987,598

Thus in the aggregate Chicago received half a million
bushels more grain in 1893 than in 1892, the gain in
corn having offset the loss in wheat and the other cereals,
but the aggregate was not as heavy as in July 1891.
In most of the items of the provisions movement there
was a falling off from 1892. Of live hogs the receipts
were 519,597 head in 1893, against 488,820 head in
1892.
Regarding the cotton movement in the South, this of
course reaches comparatively small dimensions in July,
when the old crop season is so near its end. The re­
ceipts at the Southern ports the present year were some­
what larger than a year ago, while the gross shipments
overland were a little less, being 28,000 bale3 against
33,000 bales.
RECEIPTS OF COTTON AT SOUTHERN PORTS IN JULT AND FROM
JANUARY 1 TO JULY 31, IN 1893, 1892 AND 1891.

P o rts.

Galveston.......... .bales.
NewOrleans.... ............
Mobile........................ .

July.
Since J a n u a ry 1.
1892.
1891.
1893.
1893.
1892. 1891.
3,705
2,682
3,181 227,881 288,179 250,105
518
255
22,540 24,238 13,239
24,972 14,427 11,036 590,017 942,719 787,676
741
309
36,904 72,033 101,324
548
4,707
4,653
7,113
7,272 174,4L3 243,283 344,213
8,902
4,519
767 12,707 51,078 54,550
1,631
2,496 49,271 84,664 179,528
2,326
674
429
487
103
177 21,104 26,783 44,508
1,110
518
1,281
177
710
4,862
3,693 98,361 153,611 238,127
1,817
2,040
6,001 41,089 140,495 199,557
3,023
47.758 31.323 35.364 1.281.180 2.033.232 2,219,248

26,850 Wilmington.................
34.800
652.550 Norfolk.......................
516.649
West Point,
.....
6.S67
Total....... .... —
10,169
419,046
234,235
The heaviest loss

24,00'
37,300
130,110
133,500

Detroit—

RECEIPTS AT CHICAGO DURING JULT AND SINCE ,UNCART 1.

8.036.643 5,516,808
7L232
40,880 Savannah....... ........ .
4.70 *,285 7.42-'813 168,908 119,047 Brunswick, &c............
39.050,574 40,180,923 5,404.240 763,615 Charleston......... .
3S,860,158 40,709,077 6,838,250 1,547,936

49,100 479.000
100,85''
611,80'-’
24,400
62,600 566,000 221.700
4 whs. July, isnc 1-9.010 1.017.350
571.900 4,379.444 3,010.900
Since Jan. 1.189S 991,037 6,179.842
801,120 3,223,000 3,429,775
Since Jan. i, 1892 1,694,015 6,586,984
St. Louis—
1.S05.046 563,580
4 wks. July, 1892
56.28'- 2,069.m
750
95,07r 3,207,1 2
643,647 499.470
1 wks. July. 189v
2,80u
Since Jan. 1,1892 71U0f 5.587.259 21,551,805 5,188,193 628.350
Siaee Jan, 1,1892 81.7,iSS 9,150,425 21,y54,552 5,298,9,1 1,138,600
4 wks. July. 1893
4 wks. July, 1892
Since Jan. 1,1893
Since Jan. 1,1892

Bye,
(bush.)

rvoL. m i l

in earnings by any road in our
tables comes from the Northern Pacific, which for the
first three weeks of the month (the fourth week has
not yet been reported) has suffered a decrease of $487,452. Doubtless many will think that this loss is the
result of the competition of the Pacific Extension of
the Great Northern, and the fact that the Great North­
ern system is able to show a gain for the month would
seem to lend color to the idea. But the Great North­
ern gain is less than one quarter the Northern Pacific
loss, and as the seven hundred miles of new road in the
Great Northern must have created some entirely new
traffic it is evident that only a small part of the North­
ern Pacific’s loss can represent a diversion of traffic to
the Great Northern. The truth is, the Northern
Pacific is greatly affected by the depression in the min­
ing industry, the company having a considerable mileage
in Montana for instance, and Montana is one of the larg­
est silver-producing States in the country. General
business depression on the Pacific Coast has also been
an unfavorable circumstance in its case. Besides this,
the war of rates on trans-Continental business is an
important matter— more important we should say than
the loss of traffic by diversion to the Great Northern,
though we have no data to confirm this conclusion.
But the Northern Pacific stands by no means alone
in showing a heavy loss in earnings. The Missouri
Pacific reports a decrease of $336,891, and the Atchi­
son Topeka & Santa Fe, including the St. Louis & San
Francisco, a decrease of $290,498, both systems being

THE CHRONICLE.

A cgcst 12, 1893.J

23 $

in the Southwest. Then we have a decrease of $269,232
b y the Milwaukee & St. Paul, a Northwestern road.
The Denver & Rio Grande has lost $2S6,600, and this
of course follows from the demoralization of the min­
ing industry in Colorado, The Louisville «fc Nashville,
which has its mileage in a totally different section—
that is, in the South—has a decrease of #178,551.
Othsr roads with considerable losses are the Missouri
Kansas & Texas with $96,857 decrease, the Mexican
National with $89,397, the Mexican Central with
$87,779, the Cincinnati New Orleans & Texas Pacific
with $79,727, Ac., &c., the losses coming from nearly
all sections of the country. The following furnishes a
list of all losses and also all gains above $30,000 in
amount.

In the Southwest the losses are general and h e a v y ,
and only a few minor roads form exceptions to the rule.

r i w c i w i , otangxs is G R O S S earnings r o a j r i , v .

EARNINGS OP SOCTHBRS GROUP.

I in-rra*<-».
1m oot* Central.............. $2*3,633
UJ. Northern ( 3 road s).
K IM H
New York Central........
133.1M2
Grand. Trunk (3 road*!.
85,417
Chic. Rock I»l. It Pae
6H.097
Canadian PaclBo..........
50.H05
Pitt*. & Western (3 rda.)
51.711
Minn. St. P. & S. S. M .
N. Y. Oot. & W cci.........
40.541
Buff. Koch- Jt P u t ........
39,997
W abash...........................
34.690

D ecreases.
H er. Nation*! .............
M exican Central..........

79.727

* Covers only the first three week* o f the month.

BiRjnWGS o r ROtmtWRSTRRS LINKS.
j

tm t.
•

j 1 *9 .
•

imo.

m

( wm.

*
Bari, Cod. B. A So.
BW3I9
Chic A tit. Wmt>*
im jrui
187,-21
Chic Mil. A St. P. »
1.917.1 - l . » n :.«»
MilwxokeeANo.)
mMt
vm jm
mmdi
m m
Chtc R. 1. k Pac.. i, IS III
ifMje&m
MHMMSj v m .w >
Dalatb S. 8. A All. s,m jm
m i .m : mtM m &M,7M
119.081
Or, Xovtaera #/»*# t jmr,0oj M m M l T.«i.at»i 910,461* IrSSIX, 850^99
low* Cvotrot"......
H3.ft.il > w m m { m \m i
Kttfc. A *t. tout*.
ISM.ltl:
m m
\%4,326
W. gt, 1*. A §. s. *t.
i i # i \ UKtW
llf,« ll
Bt. Paul A Duialh.
Ul.230
smfim | m j m l
m * i'»*{
'<&
_*#-« f“ ‘ f ■' *
7,779.13*-f
' mt
»
ST4.S71
SWAT*

»
m jM

* r>rana w*sk not rtlw rkd-J.ares taken >ua« „ last

1S93.

1892.

1891.

1890.

1889.

1

$

*

*

*

i 2,945,878
3,226,71? < 173.34

A.T.A9.F ( 2,991,414
Col. 31id.. >
St.L-AS.P... 698,555
D«n.AKloGr. 455,890
tut. * St, No. SHJMS
S.C.F.S.4M.. 289.SM
755,595
Mo. K. A Tex.
89,280
St. Jos AOr.I
8t. U Son’w. 32.I.7SP
459.S3Z
Texas & Pac

•
217.72V

708,995
708,211
301,639
S49,06i
795.820
70,060
322,516

753,753
745,490
2S9.896
320,725
m .m

77,596
ssi.seo
S32,S07
SIM^l
7,121,576 9,619.838

Total......... S.SCG..VV!

1888. **

2,549,45? 2,052,138 2,303,000
155,194
140,363
120.882
084,73?
614.481
810,017
724,092
671,977
2'S.817
253,740 1210,14
868,749
337,083
833.1(14
683,620
626,134
609,996
115,566
82,799
72,647
307,441
271,562
227,186
614,904
490,425
472,927
0,478,556 5.042,8!7

Iu the South there is a somewhat larger sprinkling
of roads with gains, but the roads with losses are much
the more numerous.
1S»3.

/alp.

«® s.

CbesAPMit* 4 Obtc.
Cta.N.O.AT.F.8y.

1800.

1801.

1889. -

1888.

f

•
StS.719

029,012

*33.874
R. T*;in v » * O a.»
Kim. a M e m .i Blr.
A S t c . h r . 1.655,720
100.655
Matnabi# A Cb»r.*
250,311
Mobile A Ohio......
7 U M
Norfolk i W e .f a
it9,800
Sootb Carolm*.....

*
1
*
1
043,603
864,112
583,43?
877,217
412.820
TOtl.TtO 726,478
651,473
823,051
68«.*aa
545,991
613,010
494,411
488,3*9
450,604
70.06?
S0.10*
851,085
71,169
40,962
1.834,273 1,866,701 1.545.48: 1,448,404 1,883,432
105,437
124,753
141,615
115,130
125.614
266,333
207,003
213.810
257.223
179.282
752,6*6
760,776
748,588
600,767
581,587
1U.393
104,570
00,061
8S.1183,211

Total............... 4,tt24.6?e 5,160,015 5.SW.T37 4,789,7.18 4,252,501 3,771,022
• PYrartb week oot report* Is flgtwet taken m w » last year.

The Pacific roads (so far as we have had returns
from them) have generally done poorly, though the
Canadian Pacific is able to fhow an increase.
earning *

The large gains, it will be seen, are not very numer­
ous. We have referred above to the increase of $283,683 on the Illinois G’entral and the $131,-154 increase
on the Great Northern. The New York Central,
which now reports on 224 miles more road, has #133,192 increase. The gain on the Grand Trunk of Cana­
da, which reaches (including the Chicago & Grand
Trunk and the Detroit Grand Haven & Milwaukee-)
$85,147, has already been analyzed, and found to be
duo to the great gain in passenger earnings. Aside from
these, there are only seven roads or systems whose gains
amount to over #30,000, namely the Rick Island with
#56,697 increase, the Canadian Pacific with $56,005,
the Pittsburg & Western with $54,744, the Minneapolis
St. Paul & Sanlt.Ste. Marie with $49,585, the New York
Ontario & Wef tern with #40,541, the Buffalo Rochester
& Pittsburg with #39,997, aud the Wabash with #34,699.
When we arrange the roads ingroups, we find that in
nearly every group the roads having decreases outnumber
those having increases; Southern, Southwestern and
Northwestern groups however make on the whole the
least favorable exhibits. The two groups last men­
tioned showed considerable improvement a year ago, and
the roads in Northwestern group the present year be­
sides having had a smaller wheat movement also
suffered in some cases from a falling off iu the iron ore
traffic. The following affords a six-year comparison
for some of the principal Northwestern roads.
im t.

July.

$*9,397
37,’ 79

'■in. N.1»- A r. I'. <5rd«.»

C lev.C lB .C h & S t .!...
6 -..UI2
Easl Tens. V* A G a*..
52.674
Chic. Gt. W estern-___
52,532
St. ratti A Da!nth .......
52,237
R io Grande W estern...
49,150
lo t. A Gt N orthem ___
44.954
T exas A P acidc.......... .
42.582
Mian. A Sr. ! etuis.. . . . . .
42,103
GCnd Rap. AIncl.il t\l* }
39.835
Total (representing 17
Burl. C. R A North. . . .
39,3*1
roa d s!........................ *976.645 Tot. St. L A Kao. City.
36.171
D eercuca.
R io Grande Southern ..
34.17.$
N o r t h e r n P a e it i e .......... * # i § 7 , 4 5 a
Che*. A o u in ...................
31.19*
M«I. Pae. nod Iron M t..
336,W1 Kao. a f t . 8. A Meuip.
31.359
Atch. T. Jfe.4. *• (2 t ‘iU).
*90,493 M exican National------30,1*2
D enver * Hi.. G ran de..
S8S.600
Chic. Mil. A St. P an!. ..
290.232
Total trepreaeattng 33
JU»al*vil!« ,fc Nashville.
1 7 -.V .I
rood.-- ................. ...# 2,34 7.98 5
Missouri Kan. A ® > i .. .
90.457

/(/» .

KARXING3 OP SOOTBWE5TERS GROUP.

- - :

o r r x c t r tc roads .

1803.

IW ,

•
USM.000

1

m i.

isoo.

; tss).

188*.

i
t
»
»
t.f«».6»: tAU.000, M isse s I
C*a*Sixr. PmrlSc.
North'B P*e*»e., , «.£s£>joa 3,7tS.SPJ ( I.WOG0 2.oi5jnoi i.oss.wt 1.003.38$
f ibtffrs
371,tkil
Wl*.C«m.!io»* >
3*7.001}
staiue
Ita »y i
irt.ts;'
S c Orenle Wret.
I«KIM
J10.170
t.iAi.tro ijijteSftl
3,305,825
T out.............
• V-urtB
not reputt#*! -Itirnre# token mow ** lo t year.

Among the trunk lines the New York Central, the
Grand Trunk roads, the Wabash aud a few others,
have gains.
KARJtrXG-i OP TRUNK LINES.

/«Ja.
B. AO. H-W
C.C.t: A*« h
PeoJtKwt.
OiAGT. *
0.O.8A**
m u* m um *

W»feiuils__
id u *.,..

t
♦
1
WSefSi

m tjm l

88.TM.
3**T«u
IJUMfiOf*

IBM,

vm .

»

1
S1S.0.V.
Lt»,6?3
145,074
157,01“
ij m j m
u u n ju n
s-s,«6
201,84.8
88,011
*
mmm
u m tn i

l.lt5.301

im .

vm .

*

i

101,086
1.111.7U5
198,774
1,509.302
5M7,»M

MI.N.-J
180
101,700

8314,011 8,148,287

l.VCJJU ■’

-urn.

*
!« ,? «
853,485
...

i.*n.3ott
SS.HC
t& M *
81,027
m jm
8J.&2S
8,154,770 *.205,402 3.1MLS89
811,078
m uo
275,591
•OLA-8
t.tSI,S50 1.118,178 1,128.402 i m i m r

♦ P o u r tr<wfc*.

As to toe other roads in the Middle and .Midlie
Western States there is considerable irregularity iu
returns, gains and losses being about equally distributed.
* u w t a $ o r MUM}!** a * d
July.
Baff. Koch. A MM.
OIOomto k Bawl. 111.
Chic. A We*t Mich
0 ,t. Ia>n«tna A Nt>.
B x .o .t,* Terre B<
rum A P. SUra. .
Gr.Hao.i lab, 9y>
Illinois Comr*l ...
t.«ko Erie A West.
Long Is Ian>1........
Ltto«l$Tanju% M X.
toali. 14.A, A Clife.
N. V. Onl. & West.
Ptttsb'K A West’ll.
St. U A .* T . U. .
Tol. tk Ohto Cent..
Tol. Poo. A W est.,
TuL at. U. 4 K. C..
West. H. V. A P c .
WbeoL A f. Krie..
Total...... ....... .
•

m id d l e

wBsrimjr roads .

m
1890.
1889.
M88.
«
i
*
»
1
*77.806 222,338 *202.408
17S.S3S 157.134
313,18*
m jm
2»),070
20S.7SI7
102.829
137.263
lst.iss
110,469
123,848
107,715
108,0*17
97,310
l*S,St»
S3.93.-l
1ST.Sit
102,949
83,765
123,430
76.IS8
325,1U
2*24.481
m je i
Slb.'Mt
195,859
W 7.3»
trs&H
2SW.S91 m u m
*77*793
U33.M9 1,440.506 1^01.850 1,280.590 IJ39J03 1,939,8.19
mr,(m
*2*9,339 2131,239 179,189
**H.771 890,185
W3.MH
m ,i*n
. 444,117
m .m
! fi.OJ,
120,51li 13*380 tmfim
63,8«
7J,S*i
m .u s
sia.ero
240.857
t m ,m
214.13b 202,4111
891,927
210,^1
m i,m
VcS.it>
2t2,»K>
174,058
201,648
m ,m
188,317
ll'l.OSl
181,092
U4.89%msm
iia*sh>
tnt.szo
js .sis
as.ioi
102.224 ir4.fifi.
imjan
131,066
m sm
7% m
n .m
31,729
e",f>53
71,11'i
02,240
194,635 m $ r .
133,303
!Si.4-U
*9.160
310.100 : WG.:i«) z m m
321,828
2S8.J67
in .b i»
tm .m
98,937
71,40?
08,979
1*33.

im i.

I
317.208
884,913
149,1*2
90,913
130.05*

f.,723,204 5,724,311? 5.i03,4i»

-iLnr^iv.

:

year.

4,017,934

THE CHRONICLE.

24G

[Y O U
Gross Earnings.

GROSS EARNINGS AND M ILEAGE IN JULY.
Gross Earnings.
Nwmc o f Road.

Increase or
1893.
i 1892.
! Decrease.
-------------- i -------------- .1
S
S
3 5 ,3 0 3
i&to6h.?.& S. Fe Sys.t*. 2,991,414 3,226,717 -2—55,195
753,753
698,5581
S L L. & S.Frnn.Sya..
208,954
+4,069
213,023;
'Bmlt. & Ohio Southw.
—1,174
3,239
2,065
Birrn’ ham &■Atlantic
—o,39l
141,226
134,835
B jw UvIvn E levated..
+39,997
277,206
317,^03
liuif. Roe.h. <fc P itts..
315,055
-3 9 ,3 8 4
275,673
33ml. Ced. R . A.Nor..
+56,905
Canadian P acific.. ... 1,653,000 1,796,095
+ 1,623
6,079
7,700
’Carolina Midland___
—2,005
9,905
7,yoo
C har. Cin. & C h ic.....
+ 1,224
7,776
9,000|
<Jhar. Sumter & N o...
877,21,
—31,496
845,719
Ches-itpeoke & Ohio..
+27,575
337,368
364,943
O h ic. A East Illinois.
-5 2 ,5 3 2
277,626
225,094
C M c. Great Western'
C hic. Mil. A St Paul. 2,593,354 2,862,586 —269,232
+ 2,0 18
6,8*4
8,860
C h ica g o <feOhio River
+ 5,63 i
104,331
109,961
Chic. Peo.& St.limits.
+66,697
Chic. R. 1st. A P a r ... 1,542,1X4 1,475,417
161,132
—11,990
149,142
Chk'. & West M ich ,..
6,534
—47.
6,059
-O n .Georg. & P o rts...
—4,226
57,790
53,564
€ 4 n. Ja ck; & M ack ...
—29,102
359,338
330,236
d o . N, OrL&Tex, P . .
—10,956
14.1,983
131,02
JJgAla. Gt. Southern...
—23,237
94,271
117,308
N.Orl. & Northeast
51,01)
-1 4 ,2 3 8
36,773
Ala. A V icksburg...
38,891)
—2,194
36,705
Vicks.Slirev. &Pao..
1,828
—21
1,80©
O n . North western...
24,032
+ 1,19(
•dun. Portsm’ th & V a.
22,842
1,122
+ I9r
1,31
Col. & M aysville...
81,732
-1 ,8 2 1
79.912
■ dev. Akron & C o l...
—65,912
<3«w. Cin.Oh.& St. L .. 1,200,839 1,266,751
145,973
146,947
+ 974
P eoria & East. D iv.
25,301
— 10)
25.208
CSevel’d & M arietta..
2,280
’Colusa & Lake...........
—230
2,050
6,982
13,99t
Overrent R iv er. . . . . . . .
—7,008
745,400 —286,600
J>env. <&ltio G rande..
458,800
37,225
D os Mo. No. & W est.
+ 2,401
39,626
27,680
+ 7,62t
Bay City & A lp..
35,300
95,31c
- 4,403
D ei. Lansing & Nor .. j
90,913
£>ul. So. Shore & A ti.. ! 236,70'-'
231,30c
+5,399
322,324
Tenn, Va. & Ga. 269,650
—52,674
E lgin Joliet & East..
61,805
67,4 94
—5.689
Svunsv. & Indianap.
34,766
+38)
35,147
E vans v. & T, H a u te..
123,430
13> .056
+6,626
iPIint *& Per© Marcj. . .
216,0 2
22 *,268
+9,236
Sftwt W orth & R io G_.
23,034
21,230
+1,804
<Sau South. & Florida.
61,771
65,001
+3,231
<5adsden & A tt. Un_.
1.186
89<
—596
Cfieorgia.......................
80,892
103,2-5
—22,343
C r.R apids & Indiana,
183,8b?
2)3,877
—30.010
d m Rich. <feFt. W ..
36.546
42,916
—6,370
Traverse. C ity........
5,063
5,02S
+34
Musk. Gr. R. & Ind
11,922
15,411
—3.4*9
+:Gr,Trank o f Canada 1,594 8v9 1.552,481
+ 42,348
-Chic. & Gr. Trunk,
258,225
305.819
+ 47,5 9 f
f Det. G r.Hav.& Mil.
91,280
86,785'
—4,495
^G-L No.—S. P. M. &■M. 1,085,660
984.631 +101,029
Eastern o f M inn..
129,392!
119,048
+ 10,344
-Montana Central..
94,769
74,688
+ 2 0 ,0 s l
*Gulf & Chicago..........
2,355
1,948
+ 407
/•Humeston & Shell ...
8,500
9,789
—1,288
FJlaLteh, & Southern. .
7,192
6,615
-5 7 7
rlEOoois Central . . . . . . 1,733.249 1,449,566 +283,683
244,942
Hn^efnatT & G t N o..
289,896
—44,954
“*Interoeeanio (Mcx.b
105,500
97,993
+7,507
tow n Central..............
100,586
110,797
—10,211
C ion Railway___ ____
2,60 j
1,921
-6 8 1
.^ jia w lia & M ich .....
25,056
30,347
—5,294
C. Clin. & S pr.,.
17,480
18,732
—1,252
fiCua. 0 . Ft. S.& Mem..
289,366
320,725
-3 1 ,3 5 9
G. Mem. & R ir ..
66,395
70,087
—3,692
Kan. c ity Sub, Beit.
18,053
9,392
+ 8,661
Stam C.Wyan. & N.W.
26,185
19,996
+6,189
K eokuk <feW estern ...
28,745
30,302
—1,557
L ake Erie All. & So...
6,516
5,288
— 1,328
-£&1e6 Erie & Western.
294.771
—15,394
300,165
-■Lehigh A Hud. River.
55,342
39,797
+15,545
.Aatig Island...............
558,394
535,518
—22,876
2uwuisv. Evans, & St.L
142,044
120,543
+21,501
fijwastev* & Nashville.. 1,655,720 1,834,271 —178,551
'LeiKiisv. K A lb.& Chic.
305,123
282,490
+22.C33
Louisv. St.L. & Tex.
33,702
29,498
- 4 ,2 0 4
N iaeou & Birminii’m.
4,823
5,320
—497
M&nistique.................
4,527
4,140
+ 387
'M euip. Ac Charlest’u
56.230
61,112
—4,882
t-fvfeican Central.......
563,733
6 5 1,512
—87,779
'M exican N ation a l___
300,889
390,2b6
—89,397
iX&ssieaai Railway t.._
266,370
194,035
+ 12,335
-HAaeral R a n ge..........
11,52 j
10,606
+ 918
-Minn. & St. L ouis___
136,s 80
178,483
—42,103
.Mi&a. StB.&S.Sfce M.
336.923
287,338
+49,585
Kans. A T ex.sys..
753,595
850,452
—96,857
.Mo. P ae. & Iro n Mt.. 1,795,653 2,132,544 —336,891
^Mobile & BirnTkamP
12,365
11,461
+904
Ale & Ohio............
250.344
243,840
+ 6,504
-CL Orleans & South’n
7.461
7,185
+ 276
N -Y .C en.& H ud. Riv. 3,926,231 3,793,039 + 133,192
M . Y. & N orthern.... .
5->,202
56,852
-1 .6 5 0
M* Y .O nt. & W est___
391,927
351,386
+40,541
JNa-rfo-lk & W estern...
751,259
752,656
—1,397
v Northern P acific. . )
Wise. Cent, H ues.. 5' 1.415,660 1,903,112 —487,452
O h io &, Mississippi...
324,980
329,54b
—4,566
O h io R iv e r .............. .
69,600
68,531
+ 1,069
O h io ’Southern..........
48.279
48,769
—490
Ata hjc. Tenn. & A la..
24,571
20,172
+4,309
_ T&anessee Midland
17.547
15,067
+ 2,480
-Dec. & E v a n sv ..
72.231
69,432
+2,799
IPittA M arion & Chic.
3.049
2,253
+796
-Wctsb. Bhen. & L. E .
56,376
33,021
+23,355
CNfctsb. <fe W estern.. . .
147,227
120,606
+ 26,6 2)
Pittsb. Clev. & Tol.
74,064
57,60 y
+ 16,455
Pittsb. Pa. & F a ir..
43,253
31,585
+11,668
<Quia. Omaha & K .C ..
' 20,942
23,965
—3,023
■Bio Grande South’11.
26,154
60,332
-3 4 ,1 7 8
’R io Grande Western,
199,350
248,800
—49, *50
■ga®. Tuscola Huron
14,980
11,02)
+3,959
■•It- Jos. & Gr. Island..
80.280
77,596
+2,684
■■ehL.Alt.cVT.H........
118,580
104,230
+ 14,350
•Ht, JL Kennett & S o ..
2,020
2 ,2 8 1
—261
‘dSt. Louis Southwes’n.
3.6 ,769
354,601
—27,832
Bt. Paul & D u lu th ....
151,220
•203,457
—52,237
bon dersv. & Tenrrllle.
542j
392
+ 150

Mileage.
1893.

1892

Name o f Road.
1893.

f

1892.

*
$
76,237
-8an Fran. & N o. P ac,.
86,407
8av. Amer. & M ont..
34,924
47,974
Silver ton .......... ..
1O.SO0
|
6,600
South Bound ............ i
18,000
14.506
Soutu Carolina....... .
89,800
82,118
502,367
Texas & P a c ific .... ..
459,835
5,847
Tex. Sab,V.& North..
4,717
Tol. & Ohio Central.^
162,224
164,389
72,638
72,524
Tol. Peoria & West’n.
Tol. St. L. & K. City .
155.464
191,635
Wabash....... ...... ......... 1,150,0 0 1,115,301
Western M aryland...
104,715
117.281
310,100
305.300
West, N. Y. & P erm ..
89,449
83,583
W. Va. Cent. & Pitts.
134,636
Wheel. A Lake E rie..
127,319

LVIl,

Mileage.

Increase or
1893.
Decrease.

1892,

$
—10,170
163
165
-1 3 ,0 5 0
300
300
—4,2u0
20
20
+ 3,494
136
136
+ 7,68 2
270
270
—42,532 1,497 1,497
-9 3 0
38
38
+2,165
316
316
+ 114
247
247
—36,171
451
451
+ 34,699 1,933 1,933
221
+ 12,366
205
4 4,800
640
640
+5,868
155
155
+7,317
255
255

7,481
1,864
281
22
18
294
1.083
5,7 67
55
175
139
1,254
480
924
Total (138 roads), 41,190.454 42,955.981 -1 ,7 6 5 ,5 2 7 9 6 ,6 17J94,478
6.083
86
■* Only three weeks o f July in each year.
366
1 For four weeks ending July 29.
3,456
481
a Includes Toledo Columbus & Cincinnati in both years,
42
t Includes Colorado Midland for both years.
345
336
GROSS EARNINGS FROM JA N U A R Y 1 TO JU L Y 31.
295.
196
143
1893.
' 1892.
Name, o f Hoad.
Increase Decrease.
170
8
$
$
$
$
106 Weil. Ton. & S, Fe Sys.; 22,480.096 21,214,34.8 1,265,748
19
8t. L. * S. Fran. S ys..
5,u2t,45<
4.728,a-";
296,101
194 Balt. & Oliio Southwest
1,440,399
14,912
1,455,311
1,852 Birmingham & Atlantic
23,790
19,235
4,555
1,092,547
351 Brooklyn islevated........
1,130,533
37,986
106 Buff. Roeli, & Pittsburg
1,974,3 74
1,783,231
191,145
22 Burl. Ced, Rap, & N o ...
2,159,632
2,256,739
97,107
82
11,312,998 11,61^,5^3
82
305,585
31,941
31,210
731
1,646 1,646
150 Charleston Cin. & Chic..
81,030
79,7 i 5
1,318
15(
209 Cliar, Sumter & NortlTn
78,737
91,473
12,736
201
323 Ohesaoeake & O h io.___
5,443,107
319,46;
323
5,792,071
589 Ohio. & East’ll Illin o is..
2,480,067
2,208,854
271,213
58£
2,298,10©
2,545,083
1,265 1,253 Okie. Great Western’ ...
246,977
177 Cilic. Milw. & St. P au l.. 18,603,716 18,389,729
L77
413.989
705,220
156 Chic. Peo. & St. L ouis..
76 ,198
62,978
156
165 Ch'c. Kook Isl. & P a o ... 10,536,6 0
9.557,015
979,655
165
630 Okie. & W est Michigan
1,078,145
1,076,297
63(
1,848
38,139
146 Om. Georg. & P#rtsm’tl)
37,572
567
146
285 Cin. Jackson & M a ck ..,
394,224
3 77,325
285
16,896
2,410,034
11 Cin. N.O. & Texas Pac..
2,339,201
70,833
n
307
i,00©,98y
998,563
307
Ala. Great Southern .
10,426
432
791.076
432
721,259
N. O. & Northeastern..
69,817
86
350,054
Alabama & Vicksburg.
304,731
45,323
86
26
'284,222
295,372
11,150
26
Vicksb. Shrev, & P ac..
37 Cincinnati Northwest’ n.
11,419
3?
11,243
176
135,489
17,387
152,876
3,615 3,505 Cinu. P orts. & Virginia.
335
8,101
7,985
335
Columbus & M avsviile
U6
189
582,201
27,681
189
8,164,706
3,704 3,027 Clev, Cin. Chic. & 8t. L . .
7,865,430
299,276
72
993,325
72
901,770
31,555
253 Cleveland & M arietta..
182,947
16,449
253
199,396
62
12,637
62
12.343
294
95
95
92,940
101,676
8,936
____
_
82
4,767,234
190,694
82
Deny, tte Rio Grande
4,957',928
233,669
2,88- 2,888 Des Moines Nor. & West.
'226,947
6,722
825 Det.Bay ( xty & Alpena.
66.070
276,664
210,594
825
519
672,322
519 Det. Lansing & NortlTn.
652,477
19,845
497 Lilli. So. Shore &
1,266,799
1,248,»84
497
17,915
20 East Tenn. Va. & G a * ...
217,773
20
3,102,403
3,320,176
142
463,936
173
522,477
58,541
163 Evansv. &ln<lianai)0lis.
199,643
11,593
163
211,236
671 Evansv, & Terre Haute.
717,774
5St6 n
773,385
671
276 Flint & Pere M arquette.
22,u64
276
1,705,097
1,683,033
35
35 Ft Worth & E io Grande
212,240
194,356
17,884
235
235
747,608
798,273
50,665
148
148 Ga South’ll & F lorida..
479,695
428,350
51,345
61 Gr, Rapids & In d ian a...
61
1,337,538
1,391,612
54,074
725
725
Cin. Ricli.& Ft,Wayne.
269,212
276,974
7,762
90
32,473
90
34,360
1,887
Mus. Gr, R. & I n d ,....
361
361
91,079
106,06 7
14,988
368
368 Gr. Trunk o i Canadai.l 10,929,706 10,906,387
23,319
2,955 2,943
Ohio. & Gr. Trunkt___
2,068,095
2,168,323
100,228
537
537
Det. Gr. H. A, M ilw .f-617,442
655,555
38,113
166
166 Great Nor. St. P. M.& M.
6,573,584
7,016,027
442,143
97
605,894
97
Eastern o f Minnesota.
591,127
14,767
44
44
667,640
645,806
21,834
19,60 7
330
330
22,326
2,719
1,847 1,803 Humeston & Shenand’h
71,509
78;066
6,557
1.219 1,219 Hutchinson & South’n ..
38,211
38,119
92
321
321
11,634,060 10,565,714 1,068,366
17
17 Int. & Great N orth ern ,.
2,261,934
1,954,397
307,537
335
335 Interoceanic (M ex.V . . .
1,070,184
1,215,679
145,495
995
902 Iowa Central 5*.............
1,008,241
2L.032
987,*09
1,945 1,672 Iron Railway..................
19, *44
24,408
5,161
5,372 5,372 Kanawha & Michigan -.
214,577
197,708
16/869
147
147 Kan. City Clin. & S p r...
188,284
169,819
18,465
687
2,730,727
687 Kansas C. Ft. S.& M em ..
2,731,603
876
65
65 Kan. City Mem. & B ir ..
605,732
592,753
12,979
2,320 2,096 Kansas City Sub, Belt*.
39.859
124,703
84,844
61
190,121
181,447
61 Kan. City Wy. & iM, W. -.
8.674
47?
477 Keokuk & W estern*___
209,557
215,168
5,611
1,556 1,349 L. Erie A lliance & S o ...
46,0 L9
46,076
57
2,080,889
1,902,433
Lake
Erie
&
W
estern...
178,456
5,246 5,246 Lehigh & Hudson B iver
.............
329,374
243,464
85,890
636
636
2,386,346
2,384,843
1,503
259
1,053,24b
741,478
215 Louisv. Evansv, & Sfc. L.
311,762
140
140 Louisville & Nashville.. 12,361,352 12,008,819
352,533
119
1,773,395
n s Louisv. N. Alb. & C hic..
1,903,731
130,336
135
342,399
135 *Louisv. St. L. & T exas.
326,559
15,840
42,922
_r r. . , T
254
254 Macon & Birm ingham ..
38,553
4,369
25
70,750
78,733
7,983
178
789,866
736,586
178 Memphis & Charleston."
53,280
4,622,837
214
214 Mexican Central............
4,458,207
164,630
77
2,519,384
2,370,942
77
148,442
61
1,782,462
1,805,704
61 t Mexican R ailw ay.........
23.242
134
134
65,379
76,795
11,416
172
172 Minneapolis. & 8t, Louis
996,088
1,085,755
89,637
514
1,699,487
514 Minn. St. P. & S. Ste, M.
1,888,319
188,832
5,425,224
4,971,966
67
67 Missouri K. +fe T ex, sys. .
153,258
445
445 Mo. Pacific & Iron M t.. 14,536,805 14,552,885
16,080
239
1,917,190
239 Mobile & OMo — . . . . . . .
1,893,898
23,292
20
20 N. Orleans & Southern.
71,121
78,498
7,377
1,223 .1,223 N. Y. Cent, & Hud. R iv ,. 26,553,739 25,118,047 1,435,692
248
346.534
248 New York & N orthern..
302,498
44,0,56
3
2,195,999
1,942,953
3 N.Y.Ontario & West’n ..
253,046
7,481
1,864
281
22
19
320
1,13 j
6,015
55
175
139
1,269
480
922
6,083
86
366
3,610
481
42
345
336
295
196
143
170
6
106
IE
194
1,852
351
106

.THE CHRONICLE.

ACC! UST 12, 1893.J
.Vitme o f Routt.

Northern PueiUe.........t
W iscoo.Central Line?* $
Ohio R iv e r ............. .
Paducah Tent). .V Ala .
Tennessee M idland...
Peoria Dee, <St E vansv..
M-•
Cl
Pltlsh. Sheu. it L. E rie.
P u u bu n t it W estern....
Plttsb. Clove. & l'»..
PitUb. Values, v K'ptQuiney Omaha & K. C ..
Rio Grande Southern...
Rio Grande W estern___
Satr, Tuscola A H u ro n ..
St. Jos. & G reed Island.
St. L. A it.A T.U.RrYtiSt. L. Keunett Jk south..
St. Louis Southwestern
St. Paul k Duluth..........
Samlets v. k TennlHe.. ..
San F rets it Ho. Pa, iB,
So van. Arner. it Mont
s?llvfertO£i. . . . . ___ . . . . . . .
South B o u n d ... . . . . . . . . .
Texas Jk P a c ific ............
Te*. Sabine V a l.k N.W
Toledo St Ohio Central a
Toledo Peoria k West*u
i'ol. St. L. .it Kali. C ity ..
Wabash............................
Western Marj land........
West S. Y. 4k P a .. . . . . .
W r.t V a. Cent. A Pittas
Wheeling it Lake Erie ..

1,993.

1892.

Inert age.

$
8
5,336,966
8,828,080
* 13.263.954 14,955,427.
2,312,6*5
2,270.139
*16,* SI
i l i ’l i l
392,67113,601
183,737
101,492
127,1)00
469,716
501,830
22,353
22,766
205,827
254,333
797,310
931,231
474.501
354.3-2
218.503
181,099
136,6-4
160,777
317.365
323.898
1,310.362
1,4*0.690
73,291
61.74*
643.731
676.053
899.979
798,163
17,054
13.603
2,716.281
2,308.3.:. 1
1.056,343
971.631
3.S61
3.114
463,74*
460,716
297.359
279.186
39,100
29.625
13*2.921
98.127
766.554
735.337
3,642.617
3,446.392
30,867
27,016
1.131.61)
1,034,767
532.744
514.220
1,019.113
1.146,118
7.663,559
7,597,361
8*2,771
566,263
1,917,849
2,112,505
709,087
630,193
891,556
809,237

Oecrewu.

«
-491.114

$
1,689,473

122,506
67,97*
33,065
70,156
26,408
32,11*
213
48.408
133,911
120,122
37,406

11.3*7
30,322
101.816
*37,930
7*7
18*173

5,847
21.167
136,328

1,451
81,692
3,020
9.475

34,79*
31,167
196.425
3.821 - .........
96,882
11.176
127,005
66,198
116,306
194.656
71.99*
82,319
........

Total (135 r o a d m .... 298,310,057 289,345,191 13,062,432 1,097,616
Met inoraase..................
* Only three week* o f July la eaeh year.
I T o July 23.
a Include* Toledo Columbu* A C incinnati In both y e a n .
6 U nit week In July not Included.
: Include* Colorado Midland fo r both year*.

THE

LATE

TROUBLE IN

SIAM.

There are many reasons for grata! ation that the
Siamese difficulty has been adjusted, even if not on an
entirely satisfactory basis. Lord Rose berry is credited
with the statement that war has not been so imminent
between France and Great Britain for a long time as it
was for some days at the end of July and the beginning
of the present mouth. It was seen and felt everywhere
that apart from the right or wrong of the original
question between France and Siam the situation be­
tween the two great nations was strained.
Skilful
diplomacy was needed; and happily the right men were
found to do the needed work. If some credit must be
given to the dislike which each of the powers enter­
tained for war, too much praise cannot be given to the
Marquis of Dufferin and the Earl of Roseberry for
making the preservation of the peace first a possibility
and then for making it secure.
The general subject, however, has not yet ceased to
occupy men’s minds; and there are several points
which are well worthy of a little consideration. As to
the origin of the difficulty, the French have shown
great temper because of a few lives lost, and some per­
sonal injuries sustained. We hear nothing of the loss
of life sustained by the Siamese. Yet the Siamese
were in their own land, and acting in defense of their
own territory, their own property and their own peo­
ple. It ig not difficult for France to show that accord­
ing to treaty arrangements she had certain privileges
on the eastern border of Siam. It is undeniable, how­
ever, that the Mekong River has hitherto, during the
greater part of its course, run through Siamese terri­
tory, that its banks are inhabited by Siamese people,
that on both sides of the river Siamese forts dominated
the situation, and that in every Bense of the term the
Mekong was part of the legitimate property of the
Siamese Government.
It was not till 1861 that the French had any terri­
tory in that part of the world. In that year, in conse
qaence of some difficulties between the natives and the

241

French missionaries, Napoleon III. made war upon
Lower Cochin-China, and made himself master of the
three provinces, Saigon, Bienhoa and Mytho, together
with several islands off the coast. In 186? three other
provinces were annexed. Henceforth Lower CochinChina came to be known as French Cochin-China,
We have not had time to forget the Tonquin war,
which in 18S4 resulted in bringing the whole of the Em­
pire of Annam under a French Protectorate. Cam­
bodia, more to the south of the Peninsula, had come
under a French Protectorate iu 1862. The whole of
the eastern and southeastern coast is thus virtually
under French control. It is a vast territory, covering
in all its extent not less than 132,000 square miles, and
including about nineteen millions of people. A glance
at the map will show that the French are dependent
for their trade on the territories lying to the north.
Siam has a larger territory but a smaller population.
The area of the country is estimated at about 250,000
square miles, with a population amounting to about'
6,000,000. For this northern trade Siam and Annam
(including the entire French protectorate) are rivals.
Siam has had the advantage of the Menam River,
which makes a connection with the Shan States and
with Burrnah beyond. She has also had the advantage
of the Mekong, which likewise connected with the
Sban States, and put her in communication with
Yunnan, on the Chinese border. She has had another
great ml vantage. Since the annexation of Burmah t o
India, the British have courted the trade by BaDgke^
and the Menam ; and as a consequence the British
trade has so distaueed that of France in those regions,
and by the use of Siamese land and water, as to put
that of France almost entirely out of sight.
The success of the trade in and through Siam has
greatly irritated the French. This irritation has been
iccnxised by the enterprise of the Siamese Government,
which, in order to facilitate communication between
the two great rivers, the Menam and the Mekong, has
constructed a railroad from Bangkok to Khorat. This
railroad was opened last year ou March 10 by the King
of Siam in person. France has loug been complaining
of Siamese encroachments. She has charged that Siam
was exercising jurisdiction beyond her territorial limits,
and that in various ways she was diverting trade from
Annam and Cochin-China to her own benefit.
In these circumstances the opening of the Khorafc
Railroad was well fitted to give offence. But the
construction and working of such a railroad gave
France no just cause of quarrel. On the part of the
Siamese Government, it was a just and legitimate enter­
prise. France had already done her best to advance
her own trade interests by opening a new and shorter
route to Yunnan. Why should not Siam be equally on
the alert, and equally active ? It was not difficult for
France to find cause of quarrel on the Mekong. It
was the difficulty on the Mekong which brought the
French ships to the .Menam, which led to the
threatened blockade and the ultimatum.
These
things are now facts of history.
So much for the cause of the trouble. It is not
possible thus to look at the situation and to reflect on
the enormouB sacrifice which Siam has consented to
make without feeling that in this case again, as so
often before, might has triumphed over right, and that
the weaker has been grieviously wronged. It was not
the business of Great Britain to do more in the case
than protect her own interests and guard her own
honor. The wrong that has been done has been done

242

THE CHRONICLE.

[You LVII.

new obligations, amounting to about §150,000,000 on account
of silver purchases, and as a consequence for the first time
since its creation been encroached upon.
We have thus made the depletion of our gold easy, and
have tempted other and more appreciative nations to add it to
their stock. That the opportunity we have offered lias not
been neglected is shown by the large amounts of gold which
have been recently drawn from our Treasury, and exported
to increase the financial strength of foreign nations. The
excess of exports of gold over its imports for the year ending
June 80, 1893, amounted to more than 887,500,000.
Between July 1, 1890, and July 15, 1893, the gold coin and
bullion in our Treasury decreased more than §133,000,000,
while during the same period the silver coin and bullion in
the Treasury increased more than §147,000,000. Unless Gov­
ernment bonds are. to be constantly issued and sold to replen­
ish our exhausted gold, only to be- again exhausted, it is
apparent that the operation of the silver purchase law now in
P R E S I D E N T C L E V E L A N D ’S M E S S A G E .
force leads in the direction of the entire substitution of silver
Congress convened in extraordinary session on Monday of for the gold in the Government treasury, and that this must
this week, in accordance with the President’s proclamation, be followed by the payment of all Government obligations iu
silver.
and on Tuesday the President’s Message was received as depreciated
At this stage gold and silver must part company and the
follows:
Government must fail in its established policy to maintain the
two metals on a parity with each other. Given over to the
To the Congress o f the United States:
The existence of an alarming and extraordinary business exclusive use of a currency greatly depreciated according to
situation, involving the welfare and prosperity of all our the standard of the commercial world, we could no longer
people, has constrained me to call together an extra session of claim a place among nations of the first class, nor could our
the people’s representatives in Congress, to the end that Government claim a performance of its obligations, so far as
through a wise and patriotic exercise of the legislative duty such an obligation has been imposed upon it, to provide for
with which they solely are charged, present evils may be the use of the people the best and safest money.
If, as many of its friends claim, silver ought to occupy a
mitigated and dangers threatening the future may be averted.
Our unfortunate financial plight is not the result of un­ larger place in our currency and the currency of the world
toward events nor of conditions related to our natural re­ through general international co-operation and agreement, it
sources, D or is it traceable to any of the afflictions which fre­ is obvious that the United States will not be in a position to
gain a hearing in favor of such an arrangement so lo D g as we
quently check national growth aDd prosperity.
With plenteous crops, with abundant promise of remunera­ are willing to continue our attempt to accomplish the result
tive production and manufacture, with unusual invitation to single handed,
safe investment and with ^satisfactory assurance to business
The knowledge in business circles among our own people
enterprise, suddenly financial distrust and fear have sprung that our Government cannot make its fiat equivalent to in­
up on every side. Numerous moneyed institutions have sus­ trinsic value, nor keep inferior money on a parity with superior
pended because abundant assets were not immediately avail­ money^bv its own independent efforts, has resulted in such
able to meet the demands ot the frightened depositors.
a lack of confidence at home, in the stability of currency
Surviving corporations and individuals are content to keep values, that capital refuses its aid to new enterprises while
in hand the money they are usually anxious to loan, and millions are actually withdrawn from the 'channels of trade
those engaged in legitim tte business are surprised to find that and commerce to become idle and unproductive in the hands
the securities they offer for loans, though heretofore satisfac­ of timid owners. Foreign investors, equally alert, not only
tory. are no longer accepted. Values supposed to be fixed decline to purchase American securities, but make haste to
are fast becoming conjectural, and loss and failure have in­ sacrifice those which they already have.
volved every branch ol business,
It does not meet the situation to say that apprehension in
I believe these things are principally chargeable to Ccn- regard to the future of our finances is groundless and that
grecsioxtal legislation touching the purchase and coinage of there is no reason for lack of confidence in the purposes or
silver by the General Government.
power of the Government in the premises. The very exist­
This legislation is embodied in a statute passed on the 14th ence of this apprehension and lack of confidence, however
day of July, 1810, which was the culmination of much agita­ caused, is a menace which ought not for a moment to be dis­
tion on the subject involved, and which may be considered a regarded.
truce, after a long struggle, between the advocates of free sil­
Possioly if the undertaking we have in hand were the
ver coinage and those intending to be more conservative.
maintenance of a specific known quantity of silver as the
Undoubtedly the monthly purchases by the Government of parity with gold, our ability to do so might be estimated and
4,500,000 ounets of silver enforced under the statute were re­ gauged, and perhaps in view of our unparalleled growth and
garded by those interested in silver production as a certain resources, might be favorably passed upon. But when our
guaranty of its increase in price.
avowed endeavor is to maintain such parity in regard to an
The result, however, has been entirely different, for imme­ amount of silver increasing at the rate of §50,000,000 yearly,
diately following a spasmodic and slight rise, the price of sil­ with no fixed termination to such increase, it can hardly be
ver began to fall after the passage of the act, and has since said that a problem is presented whose solution is free from
reached the lowest point ever known. This disappointing re­ doubt.
sult has led to renewed and persistent effort in the direction
The people of the United States are entitled to a sound and
of free silver coinage.
stable currency and to money recognized as such on every
Meanwhile not only are the evil effects of the operation of exchange and in every market of the world. Their Govern­
the present law constantly accumulating, but the result to ment has no right to injure them by financial experiments
which its execution must inevitably lead is becoming palpable opposed to the policy and practice of other civilized States,
to all who give the least heed to financial subjects.
nor is it justified in permitting an exaggerated and unreason­
This law provides that in payment for the four million able reliance on our national strength and ability to jeopardize
and five hundred thousand ounces of silver bullion which the the soundness of the people’s money.
This matter rises above the plane of party politics. It vitally
concerns every business and calling and enters every house­
in gold or stiver coin, at the discretion of the Secretary of the hold in the land. There is one important aspect of the sub­
Treasury, and ihat said notes may be reissued. It is, how- ject which especially should never be overlooked. A t times
. ever, declared in the act to be “ the established policy of the like the present, when the evils of unsound finance threaten
United States to maintain the two metals on a parity with us, the speculator may anticipate a harvest gathered from the
each other, upon the present legal ratio, or such ratio as may misfortune of others, the capitalist may protect himself by
be provided by law.”
hoarding, or may even find profit in the fluctuation of values,
This declaration so controls the action of the Secretary of but the wage earner—the first to be injured by a depreciated
theTieasury to prevent his exercising the discretion nomi­ currency and the last to receive the benefit of its corrections
nally vested in him. if by such action the parity between gold is practically defenseless. He relies for work upon the ven­
and silver may be disturbed.
tures of confident and contented capital, This failing him,
Manifestly, a refusal by the Secretary to pay these Treasury his condition is without alleviation, for he can neither prey
note.- m gold, if demanded, would necessarily result in their on the misfortunes of others nor hoard his labor.
discredit and depreciation as obligations payable only iu sil­
One o f the greatest statesmen our country has known,
ver. act! would destroy the parity between the two metals by speaking more than fifty years ago when a derangement of
establishing a discrimination in favor of gold.
the currency had caused commercial distress, said :
Op to the 16th day of July, 1893, these notes had been is­
“ The very man of all others who has the deepest interest in
sued in payment of silver bullion purchases to the amount of a sound currency and who suffers most by mischievous legis­
more than §147,600,COO.
lation in money matters is the man who earns his daily bread
"While all but a very small quantity of this bullion remaihs by his daily toil.”
uncoined and without usefulness in the Treasury, many of
These words are as pertinent now as on the day they were
the notes given in its purchase have been paid in gold
uttered, and ought to impressively remind us that a failure in
The policy necessarily adopted of payiDg these notes'in gold the discharge of our duty at this time must especially injure
has not spared the gold reserve of §100,000,000 long ago set those of our countrymen who labor, and who, because of their
aside by the Government for thejredemption of other notes number and condition, are entitled to the most watchful care
•for this fund has already been subjected to the payment of of their Government,

by France. The Siamese were not- annoying their
neighbors. They were not courting outside interfer­
ence by any civil war.
France has mightily increased her territory in South­
eastern Asia. She is brought nearer to her ancient
rival and conqueror on Asiatic soil. It remains to be
seen whether she has increased her strength or added
to her weakness by her rough treatment of Siam. Her
colonizing efforts hitherto have proved unprofitable.
She may find out some day that mere territory is
neither wealth nor strength.

THE CHRONICLE.

AUGUST 12, 1898.]

rt Is of the utmost importance that such relief that Congress
.•an afford in the existiug situation be afforded at once. The
maxim ‘ He gives twice who gives quickly," is directly ap­
plicable. It may be m i; that the embarrassments from which
the business of the country is suffering arise as much from
evils apprehended as from those actually existing. W e may
hope, too, that calm counsels will prevail, and that neither
the capitalists nor the wage earners will give way to unreason­
ing. panic and sacrifice their property or their interests tinder
the influence of exaggerated fears. Nevertheless, every day’s
delay in removing or e of the plain and principal causes of
the present state of tilings enlarges the mischief already done
and increases the responsibility of the Government for its
existence. Whatever else the people have a right to expect
from Congress they may certainly demand that legislation
condemned by the ordeal of three years’ disastrous experience
shall be removed from the statute books as soon as their repre­
sentatives can legislatively deal with it.
It was my purpose to summon Congress in special session
eariv in the coming September, that we might enter promptly
upon the work of tariff reform, which the true interests of
the eountrv clearly demand, which so large a majority of the
people, as shown by their suffrages, desire and expect, and to
the accomplishment of which every officer o f the present Ad­
ministration is pledged. But while tariff reform haa lost
nothing of its immediate and permanent importance, and
m u s t in the near future engage the attention o f Congress, it
has seemed to me that the financial condition of the country
should at once and before ail other subjects be considered by
your honorable body,
I earnestly recommend the prompt repeal o f the provisions
of the act passed July 14. 1890, authorizing the purchase of
silver bullion, and that other legislative action may put bevond ail doubt or mistake the intention and the ability o f the
Government to fulfill its pecuniary obligation* in money uni­
versally recognized by all civilized countries.
GROVER CLEVELAND.
E x e c u t i v e M a .v s i o .v , Aug. 7,1893.

243

tributed in dividends in the nine months of the present year
$1,320,890, or an average of 6‘21 per cent, against $972,9S0
or l ’94 per cent in the like period of 1892. In 1891 and 1890
the exhibit was not so satisfactory as in the current year, but
in 1889 and 1888 the ratio of distribution was somewhat higher.

C apital.

Nis e Mon th s.
1892 a n d 1883.

D ividends
C

1892. Tm rease
or

A m ount, Decrease

+ 12.000

A m e r ic a o L in e n C o ...........
B a m a b f M ftO B fae’ sr
B a rn a rd M&nuf«ic*K C o ,.* .;
B i r d e r C it y M a n T * C o . . .
B o u rn e M i l l s . . . . . . . . . . . . . . .
iNiace M ills ............. .................

5
0

10

’osan ent M ills..............

—2.000

4-3,300
+ 3 0 ,0 0 0

—1.000

+ 10,000
-08,000

C o r n e ll M i l l s , . . . . . . . . . . . . . .

Davoi M ills...................

'¥
0

F lin t M i l l s . . . . . . . . . . . . . . . . .
G lo b e Y a m M ills .............
G r a n g e M ills

*11

n Z 'Z V Z 1
S
S fK S Jd5'Cills
K in * P h ilip •M
.................

4*
P
5
1
3
8

L a u rel L a k e M ills
M ech a n ic!*’ M ills
M e r ch a n ts ' M a u e fa c h c Co.

fM c a s s e t M a a u f a c t ’ k C o . .

ItlMmtd Borden ii 't g Co .
(totes m MU •...................

\H

IB

Siwssatora M l* . C o ..

Saoferd Sttlnuin» C o ........,

+8.800
+toVoo6

± m

+18.01
+8.000•

mui? ' 11’ ................ ,
shove Mins

Slade MSU*...............

|

Stafford Mill* ................. ...|

+,000

r a s W * 5 * v s :» iu ::
Onion Cotton WVg C o ....
warnfxuaoait Milts.........
Wtetamo* M ills.............

+21,000

+ 5 .0 0 0

+15.000

+U.000

Total*-...... •
* ( f a ca p i ta l ©I WOO-OdO.

t On capital or »X»,i!T^OOO.

For the purpose o f showing the relation this year’s dividends
bear to those for a aeries o f years, we have prepared the fol­
lowing, which embraces fourteen of the leading corporations.
F A L L R I V E R M IL L D I V I D E S O S .
The intention is to compare this year’s ratio for the nine
The m u lls of the operations o f the cotton manufacturing months with the average rate per cent for the corresponding
establishments at Fall River for the third quarter of 1893 liave period in the previous seven years :
ca­
m
been quite satisfactory. Thirty-four corporations, withaeom t>
CD I r ’age
g
c&
S
se
OD
00
00
i
<30
m
OO
bined capital of $20,278,00'), are represented in the subjoined F tn f 9 moHthtof— r-t
r#
#-4
r-t Tears.
4
i
3
ft
5
statement, only three of which—the American Linen Com- Amvrican llu e a .. 0
161* 10
7
6
ti
1>
7
0
6
B o rd e r f'u y ........... 9
y
«>4
p»ny, Metacomet Manufacturing Company and Weetamce Ototw Y ..n t.......... 6
a
a
«
<i
«
4
510
10
. 7H u
14
18
10
13
13
y
Mills—have passed their dividends, and in these cases the Orwiite................
414
Kint Philip.......... •fv
4 >4 n s
4<*
■m> 4>4
4+9
4
money which would otherwise have been distributed to stock­ l^ urr ( .................. 0
4 !a
7
3%
m
9
ft >4
S"
Mer»: baa t#*........ - 7 #
5
8
6
5H.
!>»
S '7
5»*
6
holders has been applied to extensive improvements in N*»r»ic»aiM}U. — li
»i
3
0
3
4h
4 S 4 >4 4%
6
5
414
3
6
7
<!
machinery, &e. In fact a number of the mills have applied PfH'agmet. . . .
ft‘ »2
4
3
EUbafU Borden... .‘■hi
11
4>4
4-4
-i'll
4*4 3
an appreciable portion of earnings during the past quarter to
******* B
3
ft
7*9 10
M
3
«
-Ulfot.S
............
t*
a
6
5
ft
It
a
01,4
:»>•
repairs and additions. The aggregate amount paid in dividends U nion.................... 1>
15
12
9
9
JO
10
9
11 +
7
13
9
by the thirty-four corporations has been $118,750, or an aver­ Wampanoa)?......... 6>« ax. !
3
0>«
8*7
age o f 2 00 per cent on the capital invested, whereas in 1893
It will bo noticed that in only five instances has the ratio of
the average dividend was only 1-92 per cent and in 1.391 distribution in the nine months o f 1893 been less than for the
reached but 1-22 per cent. The current favorable exhibit haa like period in the preceding seven years. The outlook for the
been possible in the face of a declining market for many de­ future is at this writing rather uncertain. In consequence of
scriptions of goods, owing to the fact that mills were well the unsatisfactory condition of the goods markets some 700,000
supplied with the raw material, purchased at low prices, and spindles were stopped on August 5 for an indefinite period,
were working under contracts entered into when goods were and it is expected that there will be a further shutting down
•comparatively high.
of machinery Within the next few days.
T iim o qvA m rm
u m an4 I M

CmpUaL

If*

. mm

f\ * . Artumi

r . *.

|

Incrtmt
m
\DmmM

C o n d it io n o f N a t io n a l B a n k s in B a l t im o r e , L o u i s v i l l e ,

**+§,MC bANFrancisco,Detroit and Milwaukee.—Mr. Jas. H. Eckels
B a n w fty MmmVg Cn
Ift.t»>c
+*.900 Comptroller of the Currency, has furnished us abstracts of
mtmmd MmmaCg ■ •>
l ISjSOu
B orde t O i j M ail« Cft Of
\. m # o { S f
SBMMt' 2 !
+10,000
the condition of the national banks in the above-named cities
ihmrtm Mill#
dW.flOipi
tm ^ H 1
x tjm
0
I+0>
at the close of business on Wednesday, July 12,1808. From
<fc& aBteat M ill* ....
2 .
a
r
M o l* ,___ _
1H'
+ 0,000 them and from previous reports we have prepared the follow­
P*r.>l MW#.-..,.,.,,
©,i 0»> IV
etw.ob 1 »HO.OOtf
.
M i ...
2
Ujftk*:- t
1tJM)
ing, which covers the results for July \% and May 4, 1893, and
. • ■ C«.r.'
% ■
f
f
<Ir»r*U# m m ......
4a
w
for purposes of comparison the figures for lastly ear (July 12)
mm...
i. i &*■ ftM
.
i
m
JKiajr Pliittp mm . .
\h<m
is, m
are given:
L ake Mills..
imga* 3u*
in
kom
WbSmwMf Mill#___
„
Johj U t
May 4.
July 12,
% 5 tti/m
tm
11+5+ ■ mjm
V, - un« ' M
tm.m
BA I.TIM ORE.
IB+i,
ill,
ife
m\
toMvl 4-4.000
Uoim m tu«t %far*« r *
...
2&
22
£2
..W0M
sr«rra*»**«*t-. Mult..
ffftrtrto-#*>.& *»"!
+#.000
00 >W: *4 ) M'mw,
M i l l # , .
and dlscoont#, loelud’a orerdrAfta,. |30,352.1Jf* 132,785.823 $31,018,140
+ 2 4 ,0 0 0
Pmmmt MsmuPg C-k.......
% .!
St©c%#.
AC............................... .+117,807
3,311,079 8.280.400
ii,
w ; If,000
Mabmrd M>
Mtg. Co.
¥)&/**} Hi
Bus fr»m tmmttm men**- ... ................. 2,4«3,899 8.438,283 $.007,219
■.
Xm
M w a Mill#,, .....
Due m m tmnic# »tsOn»rik«r#. ..........
2,evu 10
g.tww-,im 2.850,WH
W0001
lift,
m
M&narg C
W&JCW 2 i
tiwaAt*, fornltar*? ami rtJrtur*4#..... W^8ilI8
1,305.912 l,25)7;tl0i
tM m t
18+00?
8*.nf *rdBptomng- Co
H.Q Vi
Sff<Mi84
202,308
291,707
% I
+8.000 Other raai estate aaff ta«rt€a2«aiOWa#<i,..
i
Gold colt* an 1ortrUOcattss..................... IM ft.im
2.:U2,583
4
%k&m ’ M
+ 4 ,0 0 0
m m MflfeUj
Silver <#.»!*
cmU&tMm....... ............
1
,210,200 i,330.8y?
ia.T.y»’ 2 .
ml
+3.750
3i#dm
Le«il tenser mitmsod oortir*of Sepoeit..
2J0i*,8iU 1,702,787 3,704.784
i f
1
mm* . ,
1+5,398
1«i8,881 182,192
$4jxm 3
+8,000 Bill# of rjihor banka..,...........
T m m m m b Mill# ..............
SxetoaoTO# f.*r nearinsr
1,970,551
l,42i.813 1,747,4.14
10.000
2 \ 10,000
T r o y C-*t. it W M tg, C o...
CtiiTetit «tiHin anti latm paid.......
58,800
191,ISO
57,311
W'OfJt)! 3 .
+5.000
2+002
’ * I L^f
~ e o. o-M *aTg.r~
Co.
3
Pr«nH«ffls on U. 8. booda..........
80,323
89,477
77,448
8I.6CM);
3 .
r*mtmaotw
Other rewarc^.,,...........
157,119
157,592
174,564
.. -jNWftr Mlm ...,
78 •
11+50
>
+3,730
m
i
' W m iii# ...,..,
’Wmtrnmm
'
ToUJ ............. .......................... *147,871,5-M 3*9,314,980 352,520,823
tAahiHtim—
...-.f0^*1* ....... •i»>.aS8.QQ0'.
-p;
ItPQZ, |338,8»'» +7V.-870
Capital tfcoolt naidIn........................
$13^*3.200 fl3.2I3.280 *13.2*3,280
* $*«HfcflTiOAL f 0 a mpitrnl. ®l #100,000.
%0 miM-pliml o t tl?,678,O')0.
Slirpln# aad mvliruJwl ©rofits..... .......... 5.582,283
8,045.078 6,2474,015
ooUtandin^...................... 1.1111,749
1,11+093 1,045.790
Combining the above result* with those for the half-year Circulation
Dlruiends unpaid.............. ..................
21M<3
17.12J0
235,309
ImllridUAl
22,787.257 23,298.973 27,1.83,204
{published in the Chronicle of May 13t page 780) we have the Other
deposits— .
370.961
182,089
Jfg.Sdd
to bank# and franker*,..,................ 4,118.750
4,705,%$ 5,208,225
following exhibit for the nine months. W ith regard to these Due
Other liabilities .........
095,901
920,000
_
........
figures, it is stifficient to say that thirty-five corporations di+
Total...........
*47,97+614 f*9,344.980 *52,520,32$
Amrntksm Ha*** CK.

9M0BO; ■

I

1

u

mm

THE CHRONICLE.

244
J u ly 12,
1893.
10

M ay 4,
1893.
10

July 12.
1892.
10

L oans and discounts. Including o verd rafts
Stocks, bonds. A c ...............................................
D ue from reserve agents........................ .
D ue from banks and bankers........................
Banking house, furniture and fix tu r e s ....
Other real estate and m ortgages o w n e d ..
old coin and cert 111cares...............................
liver coin and certificates...................... .
Legal teuder notes and certifl. o f d e p o s it .
Bills o f other banks.........................................
Exchanges for C lea riu g-Ilou se ....................
Current expenses and taxes p a id ................
Prem ium s on U nited States bon d s............
O ther resources.................................................

fl0.69l.769
1,215,793
.464,395
71«,909
324,961
106,063
221,107
71,185
811,982
55,965
48.009
47.237
89,000
62,664

$12,460,098
1,105,093
785,449
909,700
324.961
97,276
339,082
70,722
525,768
56,107
112,621
48,095
93,500
71,012

$11,708,794
975,804
1,283,819
933,862
324,370
107,152
521.128
02,538
845,087
89,017
119,181
29,431
102,500
78,502

T otal........................................ ......................
L ia b ilities Capital stock paid In.........................................
Surplus and undivided profits.......................
Circulation Outstanding..................................
D ividends u np aid............................................
Individual deposits...........................................
O ther deposits ..................................................
D ue to banks and bankers..............................
O ther liabilities.................................................

114.930,039

$17,066,750

$17,241,884

f4.901,500
1,338,317
449,940
20,732
4,335.692
330,000
2,446,533
1,107,325

$1,901,500
1,420,170
449.000
39,702
5,483.090
330.000
3,313,700
1,129,516

$4,901,500
1,347,413
449,910
19,002
5,523,333
330,000
4,045.636
25,000

Total.....................................................

114,930,039

$17,006,750

$17,211,884

M ay 4,
1803.
2

Ju ly 12
1832.
2

f5.940.215
220,500
16,594
009,562
346,401

$0,733,799
220,500
11,411
416,136
346,140

$6,200,800
226.5S0
11,754
539,347
342.323

855.610
39,350
171,687
8,782
102,572
1,623
22,500
4,717

1,062,080
30.900
31,563
5,000
193,014
1,043
26,750
8,720

961,345
30,140
18.218
5,600
137,573
1,000
32,000
4,924

.

$8,310,113

$9,088,250

$8,517,564

.
.

$2,500,000
1,267,572
90,000
17,905
3,550,459
104,915
803,262

$2,500,000
1,324,760
88,100
430
3,743,472
100,490
1.331,004

$2,500,000
1,128,270
90,000
13,824
3,492,730
97.508
1,195,220

$8,340,113

$9,088,256

$8,517,504

J u ly 12,
1893.
8

M ay 4,
1893.
8

July 12.
1892.
8

$17,298,378
1,805,285
1,446,437
1,078,990
16,803
92,722
1,007,110
153,963
69n,428
133.589
363,763
44,485
218.000
150,229

$10,754,932
686.785
2,884,003
1,698,463
10,854
111,079
1,077,096
202,641
1,218,619
141,703
276.058
8,054
95,500
121,773

T o ta l.............................................................. $21,714,945
Liabilities—
Capital stock paid in ....................................... $4,400,000
Surplus and undivided profits......................
1,123,438
Circulation ou tstanding................................
1,295,250
D ividends u n p a id ......................... ................
4,500
Individual deposits.........................................
8,491.415
O ther deposits................... .............................
301,956
D ue to banks and ban kers............................
4,818,273
Other liabilities............................... ...............
1,280,113

$24,503,191

$25,494,159

$1,400,000
1,268,140
1,300,720
824
10,002,795
280,888
0,170,060
1,073,764

$4,400,000
1,089,519
886.630
5,220
10,748,243
297.681
8,566,866

T o t a l ............................................................. $21,714,945

$24,503,191

$25,494,159

L O U IS V IL L E .

N u m b e r ...............................................................
R t* o u r c t9 —

. . . .

J

t

SA N F R A N C IS C O .
N u m ber...................................................... .
Resources—
L oans and discounts, in clu d’g overd rafts. ,
Btocks, bonds, A c ..............................................
D ue from reserve a g e u ts ...............................
D ue from banks and bankers .....................
Banking house, furniture and fixtu res—
O ther real estate and m ortgages o w n e d ...
G old coin and certificates..............................
Silver coin and certificates...........................
Legal ten der n otes and ce rt'fs o f deposit..
B ills o f oth er banks..........................................
E xch anges fo r Clearing-H ouse....................
Current expenses and taxes pa id ...............
Prem ium s on U. S. bon d s ........................
O ther resources.................................................
T otal ........................................................... .
Liabilities—
Capital stock paid i n .......................................
Surplus and undivided profits.................... .
Circulation outstanding................................
D ividends unpaid................. ........................
Individual deposits..........................................
O ther deposits...................................................
D u e to banks aud bankers............... ............
Other lia b ilitie s ................................................

.

.

D E T R O IT .

J uly 12,
1893.
2

N um ber .............................................................
Resources—
L oans & discounts, including o v e r d r a fts .. $15,070,110
Btocks, bonds, A c ..............................................
1,804,785
D ue from reserve a gen ts...............................
1,506,360
D u e from banks and bankers........................
928,320
Banking house, furniture and fixtures....
16,803
O ther real estate and m ortgages o w n e d ..
130,695
G old ooin and certificates.............................
827,709
811ver coin and certificates...........................
133,749
Legal tender notes and ce r tif’s o f deposit.
525,552
Bills o f other banks.........................................
101,381
254,270
E xch anges fo r C learing-H ouse...................
Current expenses and taxes paid................
6.728
Prem ium s on U nited States bonds.............
1*9,500
O ther resources................. ............................
218,923

WM I L W A U K E E .
N um ber..................................... ..........................
Resources—
L oans and discounts, including overdrafts...
Btocks, bonds, & c......................................... ..
D uo from reserve agents............................... .
D u e from banks and bankers............ .......
Banking house, furniture and fixtures.......
O ther real estate aud m ortgages o w n e d ...
G old coin and c ertifica tes..................
.
Silver coin and certificates .............................
Legal ten der notes aud cert’cates o f deposit.
t.
B ills o f other banks.............................
Exch anges fo r Clearing H ouse
Current expenses and taxes paid ..
Prem ium s on United States bonds.
O ther resources.......................................

July 12
1893.
6

M ay 4,
1893.
5

$7,615,256

$8,830,459
1,417,063
1,444,917
303,158
98.470
19,433
1,107,915
167,124
263.985
34.751
352,002

1,023.349
441,940
19,433
1,020.760
154,557
453,906
68.546
180,014
43,580

$5,8*0,813
1,281,387
1,459,135
017,474
76,000
881,310
68,895
869,775
14,362
151,445

50,942
47,000

40.074
33;721

$14,203,219

$10,835,391

355,798

$2,150,000
901,0.18
405.000
8,097,750
324,922
2,151,219
233,290

$850,000
758,371
235.100
6.305,487
801,757
2.324,728

. $12,408,973

$14,263,219

$10,835,391

Z

T o t a l . . . , ............................................
U abititiesCapital stock paid in.............................
Surplus and undivided proflis..........
Circulation ou tstanding.....................
Individual deposits.............................
Other deposits.......................................
D u e to banks aud bankers.................
O ther liabilities.....................................
T o ta l....................................... .

July 12,
1892.
3

S t o c k E x c h a n g e C l e a r in g -H o u s e T r a n s a c t io n s . — The
subjoined statement includes the transactions of the Stock
Exchange Clearing-House from July 31 down to and includ­
ing Friday, August 11; also the aggregates for June and July
in 1893 and 1892.
S T O C K E X C H A N G E C L E A R IN G H O U S E T R A N S A C T IO N S .

■
— Shares, both sides.—.
Cleared. Total Value.

------- Balances, one side______, Sheets
Shares. Value Shares. Cash.Clear’ d.

July 31. .1,677.800 83.300.000 152,800
Aug. 1..1,123,100 57.100.000 103..100
•• 2
912,100 50.000.
000 74.600
" 3.. 1,188,510 67.400.000
97,800
"
4 .. 1.051.600 58.000.
000
• 80,300

6.500.000
4.700.000
3.600.000
5,000,000
3.800.000

337,900
125,300
104,000
309,900
121,700

341
318
314
322
322

w l ' i . " ? - - 536,500 23,600.000 998,800 1,617
TVklastjr3,216,500 207,700,000 391,700 25,010,000 318,600 1 , 3 4 5

[VOL. LVI1,

/— Shares, both sides.—* /------- Balances, one side.------- . Sheets
Cleared.
Total Value. Shares. Value Shares. Cash. Clear'd
Aug. 7 . .
84.400.000 111.800 6.000.
000 190,800
1.445.900
63.700 2.900.000 65,600
8 .. 721,100 30.400.000
9 .. 633,800 35.200.000
57,400 3.000.
000
96,800
60,100 3.200.000 140,300
1 0 .. 881,800 50.100.000
1 1 .. 845,500 50.800.000
56,500 3.100.000 111,600
Tot, wk. 4,528,100 256,900,000
Wblastyr2,573,900 182,300,000
Month—
*
Jane,
J u ly ,
June,
J u ly

1892.
1892
1893.
1893.

16.684,000 1,041.048,200
9,807,300
699,313.200
17,190,700 1 ,016,^00,000
19,685,700 l.lOO.OOO.oOO

349,500 18,200.000 605,100 1,519
321,300 19,890,000 189,800 1,264
$
$
1.598,750
1,120.100
1,682,000
1,796,300

94.506,700 1,433,971
74,186,100
974.700
90.200,000 1,789,800
88,100,000 2,752.500

5.886

6.886

6,3956,015

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, Chicago Rock Island & Pacific,
Delaware Lackawanna & Western, Distilling & Cattle Feed­
ing, General Electric, Louisville & Nashville, Manhattan,
Missouri Pacific, National Cordage common, New York &
New England, New York Lake Erie & Western, Northern
Pacific preferred. National Lead common, Philadelphia &
Reading, Union Pacific and Western Union.
8 ft a u e la r g = © 0 m m je ]c u ia l g u g l t s k
[From our own correspondent.]
L o n d o n , Saturday, July 29, 1893.
There is a strong demand for gold in the open market for
dispatch to America, and yesterday £190,000 in the metal was
withdrawn from the Bank of England. In consequence the
rate of discount in the open market has gradually moved up
to \yt per cent. But it is difficult to raise the rate, the supply
of money is so abundant and the demand so small. The Bank
of England holds in coin and bullion over 29j^ millions sterl­
ing, and the “ other” deposits, in which are included th*
bankers’ balances, nearly amount to 35 millions sterling, while
the reserve exceeds 19 millions sterling. Still, if there are
large withdrawals from the Bank for New York, there will
be a very rapid rise in the rate of discount.
The price of silver has fluctuated during the week between
33d. and 32J^d. per ounce, with little demand. The India
Council has again been unable to sell its drafts. On Wednes­
day it offered for tender 40 lakhs of rupees and received not
a single application. The closing of the mints has so seriously
checked exports from India that there is little demand for
remittance, and the little there is is easily provided for by the
purchase of rupee paper, which embarrassed holders are sell­
ing here actively, while there is a good demand for it in India.
The feeling on the Stock Exchange on Monday and Tuesday
was exceedingly bad. On Monday there were two failures o f
moderate importance and on Tuesday a third. American
securities of all kinds were sold in very large amounts, and
rumors circulated that at the settlement, which began on
Wednesday morning, there would be an unusually large num­
ber of failures. Of course, there were also reports affecting
important commercial firms. The rumors, as usual, were
many of them quite unfounded, and all exaggerated. On
Wednesday when the settlement actually began there was a
very much better feeling. Only one small failure was an.
nounced that day. As so many had been expected this was
regarded as very reassuring. Even the appointment of re­
ceivers for the Erie, which was not known in London until
Thursday morning, had not the effect most people feared, and
in spite of the break in New York, prices here were main
tained all through Thursday at about a dollar above those re
ported from New York at the closing the previous day. On
Thursday there was very influential buying both for British
and Continental investors, the great fall in American securi­
ties having induced people to think that the worst had been
nearly if not quite discounted. The Continental buying was
by great capitalists, but the British buying was even of a bet­
ter kind—the general investing public, in small amounts.
There is now a very much better feeling than has prevailed
for a considerable time past, and if nothing unexpected hap­
pens in New York, probably investment buying will continue.
Very much speculation in the American or indeed in any
other department is not to be looked for just now, the losses
haviDg been so heavy and the prospect being so uncertain as
yet. But investment buying will certainly go on unless it is
checked by unforeseen accidents. There is unquestionably
a very large amount of unemployed money. Investors have
been holding aloof from all markets for a very long time past,
and the fall that has taken place in so many American secu
rities is sure, therefore, to attract steady buying. The best
information here, likewise, is that there will be considerable

THE CHRONICLE.

AC0OST 12, 1893.J

245

1S93.
1801.
1890.
Continental buying. Most prices in the inter-Bourse depart­
July 26.
ji f f %.
July 29.
July SO.
M
ment are looked upon as altogether too high, and it is thought C ir c u la t io n ....................... .................. 26,829.9*25 26,792,070 28,27;i.l40
25,327,115
that the greater Continental holders will sell Continenta' P a O lie d e p o s it s ................................... 4,690,075 4,502,745 4,357.842 3,371,378
Government bonds for the purpose of buying American O th e r d e p o s it s ..................................... 34,860,606 32,190,331 35,544,950 27,617,980
13,542,491 11.841,038 14,403.257
o v e r n m e n t s e c u r i t i e s ................. 13,507,044;
securities. Besides, the opinion is growing here that a de­ GO th
e r s e c u r it ie s ................................. 24,955,063 24,795,701* 28,-22.704
22.715,369
fault In Spain cannot now be much longer postponed. Up to R e s e r v e ................................................... 19,197.646 10,427,262 17,422,250 12.035,144
29,577,571 28,769,332 27,246.390 20,912,259
G
old
a
n
d
b
u
llio
n
................................
the present the Spanish Government and the Bank of Spain
48 5-18
44 fi-18
38 9-16
P rop , a s s e ts t o lia b ilit ie s p e r et,
have been able to obtain money enough in Paris to meet their Banlt r a t e ....................... per c e n t .
5
m
m
2N*
96
15-16
95
15-10
95
15-10
C
o
n
s
o
ls
i-H.
p
e
r
c
e
n
t
.
.......................
m
x
most pressing engagements ; but the best opinion is that even
C lea rin g H o u s e r e t u r n s ................ 99.760,000 101,958.000 103,859.000 138,815,000
the most venturesome Paris bankers will hesitate to go on
Messrs. Pixley & Abell write as follows under date of
lending. If that view spreads upon the Continent, the fear
of troubles in Spain will lead to general selling on the Bourses July 27:
fairly good demand for gold ha? Sufficed to clear arrivals off
and corresponding buying in the American department. A theGold—A
open market, and only small amounts o f coin have reached the
very unfavorable view, too, is taken here of Italian finances. Bank—in all. £50.000. £ 100,000 ha* been taken o u t fo r Turkey. Ar­
rivals: Bombay, £ 3 5 .0 0 0 ; Cape. £ 7 3 ,0 0 0 ; ChiU, * 3 .0 0 0 ; West Indies.
The position in Italy is not as dangerous as in Spain, but it is *51 ,080 ; New Zealand, l i t ,00 0; total. £106.000. Shipments to India
ly .•!, i t u .u m l .
unquestionably very bad, and unless a change of policy is J uSilver—Tbe
United States Treasury again declining to buv silver, in
quickly adopted matters must drift from bad to worse. The accordance with their law, m ore pressure to sell caused further weak­
ness and price* fell to 32‘*d. During this week scarcity o f su pp ly has
Colonial market is neglected. Nothing fresh is to be reported -omewhat hardened the market, ami we quote to-day 3 3 l-s<t. A rrivals:
York, £ 1 4 2 .0 0 0 : Cape. £ '.000: Chill. £ 6 6 ,0 0 0 ; West Indies.
from the Far East, and the South American department is New
£ is .0 0 0 : total. £258,000. Shipments July 2 1 ; Bombay, £ 3 7 ,4 0 0 ;
quiet Yesterday, the last day of the Settlement, there were Calcutta, £ 3 0 ,3 0 0 ; China, £ 3 1 5 ,9 5 3 ; Japan, £ 1 2 .5 0 0 ; Colombo,
four small failures on the Stock Exchange, making nine £39,772.
Mexican Doliara—There is good demand for these ooin, h ut nothing
doing.
since Monday morning.
The great coal lock-out has unfortunately begun. Over a Theauotations for bullion are reported as follows:
quarter of a million of men cease working immediately, and
OOU).
SILVER.
about 60,000 others have given notice and are expected to go LmSm Stanford. July 27. July SO. Lowlon Standard. July 27. July 20.
out next week. Altogether it is estimated that between
«. d.
«. dt
d.
(L
3SH
300,000 and 340.000 men will have struck work within the Bar nold, fine...,©*. 77 10 77 9 II*r silver, One...os. S2W
Bar Hold, contain**
Bar sliver, containnext week or two. Efforts are being made to induce the U dwta. §Uv«*_o*. rr iov* 77 0«j tagSgrs. gold..oz. 33H
S3M
Scotch miners to support those of the Federation, but at Spam don Moons, os. W #H 73 9 Cake silver.........os. 85 1-16 35 5-10
s * 76 « * Mexican dollars.*,.. ********
present it is not thought likely that those efforts will succeed. 0. 8. sold sola...os. va
German gold ooto.os 78 6M -a «%
The general impression is that the lock-out will not last long.
The following shows the imports of cereal produce into the
The employers estimate that it cannot continue more than
United
Kingdom during the first forty-seven weeks of the
four or five weeks, and they are very confident that the men
seasons :
will have to give way. The miners, on tbe other band, assert season ootupaxed with previous
IM PO RTS.
that they are in a position to hold out for a much longer time,
1*92-03,
1891-92
1890-91.
1889-90
and they profess to be quite as confident as the employers. Important wheat.owt.59,261,545 62,829,704 52,968,612 51.630.334
B ar ey ........................... 15,214,I 'd
15.522.137 I5.S72.v37 13.863,915
The prospect of so great a strike, which is likely lo disorganize O ats ......... . .............. .. .1 2 . 7 6 1 ,1 6 3 1 3.5 3 3 .3 8 9 14 4 8 5 ,35 4 1 1,3 1 8 ,9 7 5
ita*............................. 2.012,229
2 .526,088
1,829.839 1,651.870
almost every industry in the country, has not had as depress­ PBeans
...................... 3.662,904
3,810.995 2,84 4.358 3,311,055
Indian
oorn
..................
9
M
7
7
.6
0
9
27.1M
l
60
27,603,985
39.460,450
ing an effect upon the market for British railway stocks as
might have been expected. The Stock Exchange believes H ou r............................. 18,851,281 17,973.3•>! 14,5 .8,898 15,230,175
Supplies available for consumption (exclusive of stocks on
that tbe miners will give in in a very short time, and that tinSeptember I):
disturbance of business therefore will be much less than is
1892-93.
1891-93.
1890-91.
1889-90.
W h ea t................ o w l,59 ,261,515 62.824.791 52,988.012 51.630.33 4
generally supposed.
Import* o f flour.........18,651.281 17.073481 ll.5 0 S .8 9 8 15,230,175
The railway dividends continue to be satisfactory consider- Sale* o f h om e-grow n.21.543.493 20,169,363 32.674.814 11.307,000
ing all tbe circumstances. This week the Lancashire A Y o r k ­
Total................._ 102,496,319 109,972.538 100,153.324 110.107.509
shire has announced a distribution at tbe rate of St*' per c e n t ,
1892-93. 1891-92,
1890-91. 18 89-9 0.
price wheat wwek.20*. 5d. 80s. 34.
38*. ea. 35s. 0 4 .
comparing with the same rate twelve months ago. The North Aver,
Average p rice.sea son ..2 6a. 9d. 33s. 94.
34s. l i d . 30a. 7 d .
Staffordshire rate will be 4 per cent,against 4*%' twelve m on th s,
Tii*- .following show* the quantities of wheat, flour atd
ago, and the Metropolitan District Company will distribute on maize afloat to the United Kingdom;
the preference stock '1% per cent, against 3*4 per cent at tiii TM xuetk.
Lott metk.
1892
1891.
W heat..................qr*. 2,9 *7.000
3,085,000
1,66 *.000 1,019.000
time last year.
Flour, equal to ora.
299.000
306,000
272.0*10
200.060
9 h ir e .................qr*. 513.000
543,000
602,000
339.0C9
The rates for money have been as follow*:

.JLm&m

Jn n eU
** m
July 7
** 1*
** SI
“ 96

* ;
% :
rn 1

Im tm tt aUewrf
fordeootU* Ay

Opsm Mmrkt1 Rats*.
Bunk m u .

Trod* Belt.

IHtc t W*.

5 Thr n fou r
Six
Ihrtt ro u t
SUck At {Tie 14
su
* Month* Montk* Month* Month* Month* Month* Hank*. Pah.j bay*.
»% i « * - U«
a • « * a m~H m n m ' t
H 1
*M ! 8 « -;■«*-*
t'i a - 3
a s* t mm
X 1
l
m i « » - l * * - » « - * « - m m - m * -J
1
h i
X
% l
* « ' « « * - IN * - * M * - > « * * v *s% m m m
l
m
- « % • - * M « -1* 8MM 2 #2H m v s
H I
*H% • - :m * - . 1 a - ' * « » * * 2%*a - m m
H 1
H

S

-

-

-

The Bank rate of discount and open market rate* at the

chief Continental cities now and for the previous three weeks
have been as follows:

July 28.
Mni4rm$. mi,
Parts . . . . . . . . .
is r ii..,.,
llamismt,..
WmtxkfoTt..
Amsterdam
Brussels
V’lennsk,
ftl. Petersburg,
M adrid...... ..
Copenhagen...

JM» *1.

lull, 1*.

Bank Open Bank Opm Bank Op*n
#4*4*. Mark*? Bat*. Market Hal*. Marks;
*w
*
*
t
3
3
4
*%
5
*%

m
m
m
m
m
m
m
««
5

1H
4
4
*
t
%
4
<«
b
m

m
»%
854
1%
m
SH
m
5

*H
4
4
4
3
%
i
*H
b
m

m
3
*H
3
8*
svt
IH
b
*Sd

Jtriv 7.
Bank Opsn
Rat*. Markit
m
4
4
4
8
3
4
m
6
m

m
m
m
s
m
m
s«
*M
5
m

The following return show* the position of the Bank o f
Enaland, be Bank rate of discount, tne price of consols, &* .>
•compared with the last three years;

E n g lish F l a s a r U I 4 « r k s U - P ( r C a b le .

The daily dosing quotations for securities, &c., at London

are reported hv cable as follows for the week ending Aug. 11:
London.
S flv e r ,p e r o s . . ......... —.<*
C .o » o l» .n e w .2 t , p e r eta.
to
f o r »«s o u B t..........
P •'ell ren tes d n P a ris jfr.
U. i. t o o l 1 9 0 7 ...............
C a t o d l u P a cifio .............
C ,10. MU. * St, P a u l—
( s ia o U C e n tra )................
I,»k e S h o re ........................
I, ittU vU leA N a s h v ille ..
M it lo a n C entral
N. t. C entral A H udson.
N. Y. L ake Erie A W est'n
do
2 4 e o n * .............
N o r f o l k * W e ste rn ,p ro f.
N wtheru Paoiflo p r e f ...
P •nnsylvania....................
P lU a d e ip h ia * R eading.
IT d on P a e lflo....................
W *haeh p r e f .....................

Hon.

Bat.

Tues,

Wat. Thurt.

34%
34
31%
9 8 i in Welia
98h*
98% ;
98>ie 9 8 1 ,«
99*02%
9-! 67% 99 02% 89%A 9**05

Wrt.

3 3%

'7 3 % "
S .'v .
9 5%
118%
57
•18%
103%
12%
68
22%
21%
51%
7%
20%
14%

:
>
<
a
3
o

a
#
»»
«s

8 S ,.

" 7 3 % " " 7 " % " "73 % ” ” 73% “
53%
5 0%
5 3%
55
95
9ft
95
95
117
116%
118%
55%
5 5%
57
T e tl
47%
17%
n \
10 %
102%
102 4 1 0 1 %
117,
12%
12
12%
64%
6 7%
6 6%
67%
-21%
21
21%
21%
21%
22%
22%
21%
51
51
5 1%
5 '%
6%
6%
7%
7
19%
18
18%
18%
13% .
13%
14
13%

(Com m ercial and m is c e lla n e o u s M

zvob

National Banks.—The following shows banks recently
-ganized, etc.;
IJWOT.TKXT.

581—The Indianapolis National Bunk, Indiana, is insolvent, an d was
on tug. 3 p seed In the hands of Edward Hawkins, rooeiver.
313—The Montana N itiomtl Bank o f Helena. Moat *«•*. is insolvent,
am! was on August 2 placed in the It ,nds o f Thomas A. Marl0 9 - T h " WFirA National Bank of Ouray. Co: irado, is insolvent, a ad
was on August 3 p laced in the hands o£ Jeremiah Mahoney,
receiver.

THE^CHRONICLE.

'246

1 832—The Northern National Bonk o f B ig Rapid*, Michigan, is insol­
vent, and wo a oil A u g u sts placed in the hands o f Johnb.
Lawrence, receiver,
, .
,
3,525—The First National Bank o f Great Falls, Montana, is insolvent,
and was on August 5 placed in the hands o f Gold T. Curtis,
receiver,
1,783—The First National Bank o f Kankakee. Illinois, is insolvent,
tmd was cm August 5 placed in Uie bands o f D an iel C. T aj lor,
receiver.
M E POIAOWINQ X VTIOFAL BASKS HAVE BEEN AUTHORIZED BY THE
COMPTROLLER Ok THE CURRENCY TO RESCUE BUSINESS.
2,887—Tbe First National Bank o f Kendallville, Indiana.
4,068—Tbe Farmers’ National Bank o f Henrietta, Texas.

Coinage by U nited States Mints .— The following state­
ment, kindly furnished us by the Director of the Mint, shoo a
the coinage at the Mints of the United States during the month
of July and the seven months of 1893.
Seven Months.

July.
Denomination.

Value.

Pieces.

Pieces.

Double eagles__
Eagles...................
H alf eaglee..........
Three dollars___
Quarter e a g le s..,
D ollars................

500
22,000
3,000

$
10,000
220,000
15,000

50,000

75,000

V a lu e.

514,038 10 298,760
495.212 4 ,952,120
278,044 1,390.220
30,053

1,318,247 16,716,232

132,000

33,000

1.455.465 1,455,465
5,123,570 2,561,7*5
6,274,222 1,563,556
470,046
4.700.465

Total sliver___

132.000

33,000

F ive cents..........
Three cents.........
One cent..............

478.000
1,5 o’ o’,6 00

T o ta l m in o r . . .

Tnfpl wilho.o'n, _

F obktgn T rade

of

17,553,722

6,055,852

23,900

7,609,265

380,463

15,000

28,121,265

281,213

1,978,000

38,900

35,730,530

661,676

o.i i-?; rod

301,000

54,602,400 23.433,76,

Ne w Y o b s — Monthly Statement .—I n

addition to tables on preceding page, made up from weekly
returns, we give tbe following figures for the full months,
also issued by our New York Custom House. The first state­
ment covers the total imoorts of merchandise,
IM PO RTS IN TO N E W Y O R K .

1893.

A p r il...........
M ay..............
J a n e ........
J u ly ........ .
T o t a l...

1802.

D ry
Goods.

General
M erchan­
dise.

2otaL

t
18,370,078
14,002,275
12,897,876
10,214,034
10,997,095
7,245,201
13,318,391

$
40,988,147
37,828,1700
50,302,108
44,924,744
38,845,728
41,465,944
27,303,539

*
59,358,225
51,828,975
03,260,014
55,188,778
49,842,823
48,711,145
40,621,980

15,298,842
12,113,162
9,870,854
8,501,492
8,259,926
7,275,558
10,847,403

87,044,950 2^1.716,970 368,761,920

71.967,839

D ry
Goods.

General
M erchan­
dise.

%
J an u ary........
24 801,864
F e b ru a ry ...........
22,709.856
M a rch .................. 27,902,594
A p r il................
25,705,131
M a i ....................... 30,787,496
J u n e . . . . .............. 31,773,6*7
J u ly ...................... 32,051,140
T o t a l..........

$

26,920,
32,239,
45.130,
41,670,
85.131,
40,593,
34,811,

*
34,379,303
30,730,177
33,084,920
30,642,145
31,332,732
33,843,263
. 28,283,673

J a n u a r y . ..
F e b ru a ry ..
M arch.........
A p ril...........
M a y ............
J u n e ...........
Ju ly.............

196,431,714 222.270,213

F r a n c e ....................

Germany...................
West In d ies.............
M e x ic o ,........ ..
South Am erica........
All other countriesTotal 1893.
Total 1892.
Total 1891.

1880.
$4,202,540
8,090,349

T ota l..........
Since Jan. 1.
Dry Goods.......
CJenT merTLise.

$12,292,889

$1,415,221
4,130,775
1,663,850
3,688,973
47,570
848,785
66,638

$867,631 $11,861,812
9,239
6,379,644
206,174
2,713,957
Week.

$616,138 $18,481,304
132,198
-187,300
435,223
15,000
660
55,413
1,100
36,694

Total 1893.
Total 1892.
Total 1891.

Since Jan. 1 ,
*2,670
787,440

$632,238 $19,328,792
179,061 12,889,176
705,905
8,842,123

4,701
8,787
72,310

38“720
755,403
615,766
84,885

85,798
36,230
50,863

$2,284,884
1,322,104:
1,300,233

—Attention is called to the card on our first page of Messrs,
Davenport & Co., Richmond, Va* They are prepared to fur­
nish information relating to Southern securities.
City Railroad Securities —Brokers’ Quotations,
A tla n t ic A v . , B ’ k ly n _ S t’ k.
G en. M ., 5s, 1 9 0 9 ...A & O
Bl’o k e r St.
F a l.1 V —8 tk ,
1 s t m o r t,, 7e., 1 9 0 0 -.J & J
B r 'd w a y <& 7 tn A v .~ -S t’ k . .
1 s t m o r t., 5s, 190 4 .J & D
2 d m o r t,, 5s, 1 9 1 4 ...J & J
3 ’ w a y 1st, 5a, g n ........'2 4
2 n d 5a, in t . as r e n t., '0 5 .
B ro o k ly n C ity —N e w S t o c k
B ’ k ly n c r o s s t 'n 5 s „ 1908
3 k n .C ’y & N ’n 5 8 ,1 9 3 8 .J & J
C en tral C r o s s to w n — S t 'k ..
1 s t m o r t., 6s,1922.M <ftN
Gent. P k .N .& E .R iv ,—Stk .
C o n s o ls .7 s , 190 2 ... J & D
Dry D fe E ,B .& B a t’ y —S tk .
1st m o r t., 7 s , 1 8 9 3 -.J & D

____ i Dry Dock E, B 'y & B .~
S crip ___. . . . ___ . . . . . . . .
‘ 30’ *
108
Eighth A y ,—Scrip, 6s, 1914
185 ' 42d & Gr’nd St. F’ry -S tk .
10 4
1st mort., 7s, 1893. A&O
102
42d St. Manh.<& Sfc.N. Ave.
92
1st mort-., 6s, 1910..M&S
92
2d M „ inGome,6s....J<feJ
157
161 j Honst.W.St.<fe P.F’y —Stk.
107
1st m ort, 7s, 1894..J&J
100 105 Ninth A v e . , ..................... ...
140
115 120
1st mort., 5a, 19Q9.M&N
140
118
Third A r e ................. .
i ¥6
1st M „ 5s, 1937..... J&J
100
Twenty-tldra St.—S locY .
ioo

95 100
1051110
300
102
m
68
no
64
200
104 ___
126 130 {
95 103 |
...J102 1
215 l
150
i i 'i

300

N. Y* and Brooklyn das Securities— Brokers’ Quotations*

M e t r o p o li t a n B r o o k ly n )..

T o ta l ..

1893,

1893

l
15,291,902
12,439,486
12,805,884
9,717,453
0,909,280
9,337,791
10,220,988

$
11,963.890
11,632,255
10,872,149
8,885,924
10,874,826
9,594,698
12,304,197

79,782,7^4 75,927,1
193

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

B id .

A sk .

88
120

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

Williamsburg....... «..........
B o n d s , 6 s . . . ...... ................
F u lt o n M u n i c i p a l . . . . . . . . .
B o n d s , 6 s . ........ ........... . . . 105
150
E q u i t a b l e . . . . . . ...............
B on ds. 6 k ..... . . . . . . . . . . .
S ta n d a rd p r o f .......................
Do
c o m ................... .

106
125

i55~

105
75
40

Auction Sales—Among other securities the following, not
regularly dealt in at the Board, were recently sold at
auction.
By Messrs, B» V. Harnett & O o .i
Shares.
100 State Nat. Bank of V er­
non, T e x . . . . . ........ $20 fo r lot

1891.
$2,511,729
7,293,951

1892.
$2,939,510
13,765,030

Shares.
5 Southern Nat. B a n k ..... . . . 1 0 3

By Messrs. Adrian H. Muller & Son :
Shares.
25 Nat. Shoe& Leather B’k . 120
170 Third Avenue RR, CO-..160
50 Seaboard Nat. B a n k .....1 7 0

Shares.
30 T hird A venue RR . Co.......159
2 5 M e m p h is C it y B ’ k (T e n n .) 7 0
1 5 S a r a to g a V i c h y S p r i n g s C o . 1 4 0

la u M tx g a n d ffim m cia X .

S amuel D. Davis &
BANKERS AND DEALERS IN INVESTMENT SECURITIES, 3

1893,
$2,828,673
7,622,151

Tofcal 31 weeks. $330,546,951 *319,572,883 $346,498,431
$379,300,322

me imports of dry goods for one week later wifi be found
m our report of the dry goods trade.
The following is a statement of the exports {exclusive of
specie) from the port of New York to foreign ports for the
week ending August 8 and from January 1 to date:
EXPORTS FI Oil NEW YORK FOR THE WEEK

$5,371,339
194,115,285

Since Jan. 1.

$257,925
1,175
48,665
461,845
5,000
87,816
5,195

Imports.

Since Jan. 1.

,470,729

$9,835,680 *16,704,540 $10,450,824
$97,140,273 $72,702,904 $74,906,749 $87,044,950
233,406,678 216,869,889 271,591,682 292,265,372

lnUO.

Week.

Expoi'ts.
Week,

B r o o k ly n G a s -L ig h t .......... 110 120
J e r s e y C it y & H o b o k e n .. 180
M e tro p o lita n —B o n d s .. . . . 105
135
M atn alC N . V. > . . . . . ...........
140*“ 150
100
S c r i p .. ..................................

F O R E IG N IM PO RTS A T N E W Y O R K .

F o r the w eek..
F rey, reported.

$6,500 $68,688,475
1,025,500 50,805:863
74.766.776

Silver,

I m p o s t s a n d E x p o r t s f o r t h e W e e k .— The following are
the imports at New Y o r k for the week ending for dry goods
Aug. 3 and for the week ending for general merchandise
Aug, 4; also totals since the beginning of the first week in
January.
For Week.

$10,639,747
17,990,102
25,453,100
6,443,968
6 ,io d
15,468
1,132,670
1,013,420
400

Great B ritain— . . .

,213.890
353,C0C
,001,153
,177,500
,391,536
,369,392
,459,258

A t N ew York.

Month*

1892.

Dry G oods.......
GenT m er’dise.

Imports.

Since Jan. 1.

CUSTOMS R E C E IP T S ..

Total Merchandise.
1893.

Total.

$

B X P O B T 8 FROM N E W Y O R K .

M onth,

Week.

M e x i c o ............ ..........

320,000

March......

Exports.

Gold.

South A m erica. . . . . .
All other countries.

55,500

January....

EXPORTS AND IMPORTS OF SPECIE AT NEW YO RK .

75,132

Total g o ld ____

F eb ru a ry ..

The following table shows the exports and imports of specieat the port of New York for the week ending Aug. 5 and since
January 1, 1893, and for the corresponding periods in 1892
and 1891:

Great B r it a in .......
F rance......................
G erm any...........
West I n d i e s .... .....

Standard dollars
H alf d ollars.......
Quarter dollars.
D im es..................

M onth.

[Vol. L'VII

1891.

1892.

1893.

$7,351,795
202,416,328

$6,345,406
231,282,270

$7,933,068
208,123,287

Total 31 weeks. $199,786,674 $209,768,123
$237,627,676 $216,358,355

NO . 4 4 W A L L S T ., N S W Y O R K .
Sakuei , D. D avis ,
Member N. Y. Stock Exchange,

Chas . B. V an N ostrand.

T H E M E R C A N T IL E N A T IO N A L B A N K
OF T H E C IT Y OF N E W .Y O R K ,

C a p it a l.

-

No, 1 9 1 B ro a d w a y ,
$ 1 ,0 0 0 ,0 0 0 1 S n rp lsu s F u n d ,

-

$1,000,00©

W IL L IA M P . S T . JO H N , P resident. [ F R E D E R IC K B . S 0 H 3 N C K , Cashier.
JA M H 3 V L O T T , A ssista n t C ashier.

A C C O U N T S JSOl4l<MTM>»

S pencer T rask & Co.,
1 0 W a l l St.jS V e w J Y o r k .

BANKMBS,
1 6 C o n g re ss S t., R o s t o a

A lt ia t i;,

P r o v id e n c e .

M e m b e rC o l N e w Y o r k an d B o s to n Stock E x ch a n ge s

INVESTM EN T

SECU RITIES,

THE CHRONICLE.

A uOUST 12, 1898.]

£}i£ gaufejers' (gazette.

2 if

Posted rates of leading bankers are as follows:
Aug. 11,

D IV ID E N D S .
Name o f Company.
R a ilr o a d * .

Per
Cent.

When
Payable.

Sixty Dayt.

Prime bankers’ sterling bills on L ondon.. 4
4
4
5

Books Closed.
(D ays inclusive.)

Frankfort or Bremen(refc!tuuirbs)l>’nkers

C level'd A PlKsb . gutr. fquar.l.
F orth IVstif-ylvanii (quar.).........

3
1%
2

Sept.
1 Aug. 16 to Aug. 20
Sept. 1 Aug. 11 to Sept. 1
Aug. 25 Aug. 10 to Aug. 18

Adams Express (quar.)...............
National Lead, pref (q a a r .i.......

2
1*

Sept
1 Aug. 12 to Sept. 1
Sept. 15 Aug. 26 to Sept. 15

W A L Ii STRK K T. F R ID A Y , A U G U ST

11. 1893-5

P. M .

The Money Market and Financial Situation.—This lias
been an important week on account of the meeting of Con­
gress under a special call, for the express purpose o f repealing a
law that is palpably working great injury to the business in­
terests of the country. The President's message was emi­
nently satisfactory, but the strength of the true anti-silver
men in Congress has not yet been developed. It might be
of great service at this time if men at the West and South who
are in earnest about the silver business would hold meetings
o f their Boards of Trade or Exchanges and definitely request
their Senators and Representatives to vote for the unconditional

repeal immediately, as the only method of restoring con­
fidence.
The whole currency scare of the past few weeks has given
rise to many absurdities. In the first place the depositors in
savings banks and other banks that are well known to be
solvent could not better themselves by withdrawing their de­
posits. as the currency in their hands (excepting gold) would
be worth no more in case of depreciation than if it were left
in the banks. Again, we have had the anomaly of currency
of all sorts—gold, silver and silver certificates, coin notes,
hank notes, &c.—commanding a premium over checks, which
at times was as much as 5 per cent; but to-day this premium
broke down quickly to 1 per cent
The amount of gold already received and engaged to come
from abroad may reach 124,000,000, while the new national bank
currency thus far ordered this month is reported as $17,000.000, so that there is now in sight approximately $41,000,000 of
additional currency that is perfectly legitimate, and not calcu­
lated to spread apprehension with every dollar of new Wue
tike the pestiferous coin notes forced out under the act of 1890.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 2 to 0 percent,
the average being 5 per cent. To-day rates on call were 2‘ i
to $ per cent. Commercial paper very difficult to negotiate;
nominal quotations are 8 to 12 p. c. for the very best grades.
The Bank of England weekly statement on Thursday showed

a decrease in bullion of £2.290,000, and the percentage of
reserve to liabilities was 42 99, against id'll last week: the
discount rate was advanc'd from 8 to 4 per cent. The Bank
of France show* a decrease of 2,924,000 franca la gold and
1,966,000 francs Sn silver.
The detailed statement of the condition of the ClearingHouse tanks has been discontinued for the present, and will
not again be issued so long a* there are any loan certificates
outstanding. The totals, however, are furnished as usual,
and the figures for last Saturday (Aug. 5) as compiled with
those of the preceding Saturday show a decrease in the re­
serve held of |12,024,10O, there being a deficit tala v the
required reserve of $14,017,800, against a deficit of $1,301,075,
the previous week;

Demand,

82i* (84 81 4 37% ® 4 88%
79 ®4 78%
7 8 % » 4 79
2 i % » 5 23% 5 2 l V » 5 21%
3fl% »3 9 %
39% 8 4 0
937g *9 4
94=8*94%

United States Bonds.—The dealings in Government bonds
continue large and prices have advanced nearly 1 per ]eent
tliis week. The demand from national banks is now running
more on the currency 6s, as showing a larger profit on circus
lation. The deposits for new circulation are still heavy, and
from one large house dealing in Governments about $7,000,000
of bonds were sent to Washington this week. Quotations are
as follows:
Interest Aug.
Periodsi 5.
2 * ..... ...................reg. Q--Meh.l* 95
48,1907...............reg. Q .-Jan . 110
48,1907............coup. Q .-Jan. '109
B-*, 008*03/95....r e g . J. & J ..*102
6*. our'oy. 9 6 -----reg. J. At J. '105
6*. cur’cy,’9 7 ....r e g . J. A J.i*107
6 * .our'ey,’9 3 ....r e g . J . a- J .(';0 9
6s,eur’ey ,'9 9 — reg. J. A J . i 'U l

Aug.
7.
* 93
*109
'1 0 9
*102
*105
*107
*109
*111

A tig
8.

Aug.
9.

Aug.
10

Aug.
11.

* 95
'103%
110%
*102
'1 0 1
‘ 1<«(5
*103
*110

* 95
*109%
110%
*102
*104
*100
*103
m o

♦ 95
110
*110
*102
*104%
*100%
*10S%
m o**

- 95
111
110%
*103
*105
‘ 107
*109
m i

•Thltia the price bid at tbe morning board; no eale was made

Government Purchases o f Silver.—The following show,
the amount of silver purchased in August by the Governments
Ounces
offered,

Previously reported............
August 7 ..............................
9,..................
«
11.............................

Ou n e t s
purchased.

461.000
505.000
357.000
<>3*2,04)0

T otal................................. 1.935,000

_
P r ic e p a id .

309,000 *0-7090
410.000 60-7260
117,000 $0*7513
......................... .

» §0*7200
a
9 ....... ...
m

836.000 $0-7090 '» $0-7515

C o in s .— F o llo w in g a r e c u r r e n t q u o t a t io n s in gold for coins ;
Sovereign*............ $4 85 * 9 4 9 0 P tn esllv er b a rs .. — 7 4 % a — 76
Maooteons........ . 3 S3 • 3 9 0 F lv e fia a o fl............— SHI
a — 95
X X Setehtuark*. 4 7b o
4 - 0 hfexioan d o lla r s.. — 5 -i
it — GO
28 Peseta*............ 4 75 0 4 » 3 D o n n oom m oro'l----------a
— —
span. D ou bloon*.15 55 !»16 7 8 Peruvian nolfi.......— 52 a — —
Max. D ou bloon s. IS 55 * 1 5 75 iSngUsh silv er
4 so * 4 90
Pino gold bars— par a t* p reai|0.8. t r a d e t o l i . r , — Go o — —

State and Railroad Bonds.—Sales of State bonds have
included $5,000 Tenn. swftlt. Ss at 63.
Railroad bonds have been fairly active without much im­
provement in prices. Many investment brokers are calling
the attention of their customers to the low prices uow ruling
for dividend-paying stocks and mortgage bonds of good stand­
ing. For those who have confidence that this great country
will not debase its currency to a silver standard and thus dis­
card gold as a part of its circulating medium, the present
emergency offers a great opportunity for investment. In'any
event what is the ptv-p-ct for such winds as Atchison latte;
now selling at 71, Che*. A Ohio It. & A. 1st (is after 1898) at
75, Chicago & Erie 1st 5» at 87>|. Duluth 8. Shore & At. 1st
5s around 90, Columbus & Hocking Valley consol. 5s at 75,
Mo. Kan. & Tex. 1st 4s at 74, N. Y. Chicago & St. Louis 1st
4rt at 9<), Northern Pacific 2d 6j at 191, Hock Island 5s at
89, and many other bonds at similar prices? It is a fair
inquiry

to ask

whether

bonds

of

this

sort

are not

K

©

1

likely to be good under any circumstances in the future that
are within the limits of probability. If one is satisfied that
the principal is well secured the present prices offer tempting
investment*.
Railroad and Miscellaneous Stocks.—The stock market
has had a relatively dull and uninteresting week, as might
have
been expected from the activity of last week, and
Differin'tfrnm
1*02
!
t*91
1893
f r e t . week.
Aug. 5.
A ig 6. j Aug. 8.
also on the first assembling of Congress. The highest prices
reached on the active covering of shorts noted in our last
*
•
«
*
Capital.......... .
60.422.700
60,422.700 60.772,700 report were not fully sustained, and the reactions have been
StirpiB*...............
71.594.S0*1
67,390.500 64.U 7.S 00 more or less marked in the different popular stocks. It is
h o m e and dlec’ te 408,717,500 I nc*,*2*23*1,¥00 488,777.100 391.123.800 generally believed, however, that there is still a very large
4,299,000
CtreulaHon..........
6,302.000 f n o . 166,700
5,393.500
Net deposit*...... 372.945.200 nee.9.2 il.y o o 529,162,300 404,211,000 short in ter.-at outstanding, and should tho proceedings of
Specie.................. 55.929.S0d Dee.6,702,100 90,633.900 65.331.300 Congress at any time assume such a shape that the repeal of
Legal ten d ers...
23.288.700 Dee 5,322,000 60.278,100 53.390.300 the silver purchase law seemed a foregone conclusion, there
Bener r e held....... 79,218.500 Do, 12,024,100 150,914,000 119,473,600 would probably be sharp covering. The market bore up re­
Legal renerre...
93,236,30* Dee.2,307,975 132,115,375 101,052.750 markably well under the unfavorable bank statement of Aug,
5, as the peculiar currency situation is' pretty well u Surplus reeerre.. D114017800 Dec,9,710,125 19.703,425
demood and the largo gold imports are expected
Foreign Exchange.-The rates for sterling were strong and give much relief. Some of the railroads are beginning},
advancing all the week until Thursday afternoon, when the show the effects of decreased business in their gross earnings
higher rate for money in Loudon and the smaller exports of but all are reducing expenses as much as practicable. The
id there, together with the reduced premium for currency roads profiting by the World’s Fair passengers have yet nearly
re, led to a reduction in cables and demand bills. This three months of that traffic, and among these the Illinois
decline continued to-day and a sharp break occurred under Central seems to show tbe largest net results. General Elec­
free offerings of bankers’ bills, which were not fully ac­ tric will l>e clear of its floating debt by tho syndicate action,
counted for.' Actual rates of exchange are: Bankers’ sixty and Union Pacific will be placed in a much better position by
days sterling, 4 Sfig 4 81; demand, 4 8Ai44 85!.; cables, the new arrangement for extending ifa maturing land grant
4 -t;®4
tends. Of the general list there is not much of interest to bo
The following were the rates of domestic exchange on Hew said except what is shown by the daily range of prices given
York at the under-mentioned cities to-day: Savannah, buying on another page. The tone to-day was strong at the close.
H
discount, selling par (3 y t premium ; Charleston, buying Silver bullion certificates have been much firmer, owing to a
liar, selling 1-10 premium; Hew Orleans, bank, nominal; reported demand for silver in the China trade and possibly to
commercial, $i 00 ,t $7 0 0 discount; Chicago, $10 00 per j the hope that the silver men in Congress may get in some sub*
|i)6W discount, and later IS.
.
•Btitute as a compromise,
i

THE CHRONICLE.

248

[ V ol . L'VII,

NEW YORK STOCK EXCHANGE— A C T I V E STO CK S f o r w eek end ing A U G U S T I I , an d sin ce J A N . 1, 1893.
HIGH EST AND LOWE8T PRICES.
{Saturday,
Aug. 5.

Monday,
Aug. 7.

Tuesday.
Aug. 8.

Wednesday,
Aug. 9.

Thursday,
Aug. 10.

Friday,
Aug. 11.

STOCKS.

Sales
o f the
Week,
Shares.

Range o f sales in 1893.
Lowest.

Highest.

A ctiv e I t K . S to c k s.
15% 16% Atohison Top. & Santa F e ...
25,774 12*8 Julv 31 36*3 Jan. 16
16%
14% 15
15
15% 16%
15% 16%
14% 15%
*1*3
3 Atlantic <fc P a c ific ....
3
100
14t July 25
2
2
3
3
♦14*
•2
3
*1 %
53g Apr. 29
*1 %
3,921 51*3 Julv 27 9778 Jan. 24
66
*66
67
66
66% 65*3 65 *3 B altim ore* Ohio.......
68
67
63*« 66
66
72% 72*3 Canadian Paoiflc.........
2 1 5 66
714ft 71% *704, 72
*70% 72
July 27 90*4 Jan. 16
71% 71% *70*4 72
42*3 44*3 Canada Southern.......
5 ,3 3 4 34*3 July 27 583* Jan. 16
11*8 44
42% 42*3 41% 42*3 41*3 42*8 39% 41
93
93 Central o f New Jersey
92
92
2,878 84 July 26 1323* Jan. 21
92
93
96
98%
97*3 92% 94% 90
lo
15*4
4,417
15
15%
15%
15*3
15
15
15*4
15%
12*3 July 26 26 Apr. 6
Chesapeake
&
O.,
vot.
tr.
oert.
15%
15*4
127*3 July 31 145 *3 Feb. 1
*128 132 *126 132 *126 132 Chicago & A lt o n ......................
77%
50,382
774,
79
79*4
80%
80
78%
73%
76
75*3
69*4
July 26 1037e Jan. 21
78%
76*3
Chioago Burlington & Quinoy.
*54*3 56
51 4t *5I*o
700 513* Aug. 9 72*4 Jan. 25
52
Chicago & Eastern Illinois—
* W'
91
*83
55
90
90
90
•89
90
'8 9
89% 90
89
Aug.
4 105 Jan. 23
Do
pref.
50% 53*4 52% 5150 53% 54% Chicago M ilw aukee* St. Paul. 157,150 463s July 26 83*3 Jan. 23
53% 5538 52% 544* 52*8 54
*109
112
109
112
1074»
1074ft
795
108
*109
100
July
26
109
108
Do
pref
108
109*4
126 Jan. 23
y6
97 Chioago * N orth w estern____ 27,808 847s July 26 11630 Feb. 1
964j 98%
964* 91% 93%
93
93*3 97
97% 98%
134 134
42b 130*4 Aug. 8 146 Jan. 20
132
131 131
*130 134 *130 133
130% 130% *
Do
pref.
60%
57
60% 59% 604i Chioago Rook Island APaoiflc. 36,602 51*3 July 31 8938 Jan. 23
59% 61*8 58
567s 58*3 55*4 57%
28% Chioago St. Paul Minn. * Om.
7,105 24 July 26 58^8 Feb. 9
27% 29*4 28
28% 27»s 28
28
29*4 294ft 28% 294*
101
994ft 99% *99*3 101
101
260 95 July 27 121 Feb. 3
*100 102
102*3 102*3 102 102
Do
pref.
33*3
33
32%
34
33
344ft
6,552 25 July 26 60*8 Jan. 23
32
32
33
33
33*4
32%
Cleve. Cinoin. Chic. & St. L ._.
76 July 24 983* Jan. 30
Do
pref
*15
15% Colum hnsHookingVal. &Tol.
14% 15*4 14
14
2,200 11% Aug. 2 32*8 Jan. 19
14
15% 15*4
14*4 144i 15
*5o
60
60
*55
•55
60
*55
60
*55
60
60
*55
59*3 Aug. 2 733* Jan. 17
Do
pref.
1 1 1 % 1 1 1 % 111*3 113
2,528 L023* July 26 139 Jan. 27
112 1 1 2
108% 1 1 0 % 110 1 1 0 % 112*3 113*4 Delaware & Hudson
137 139*3 Delaware Lackawanna * West 10,453 127 July 27 156*3 Jan. 27
136% 137% 136 137
136 138
139 140
134 136
*94ft 104ft Denver 4 R io Grande
*9*3 1 1
*9*3 1 1
3*4 July 13 183g Jan. 21
31*3
1,442 24 July 19 57*4 Jan. 23
*28% 30*3 28% 29
303a 28% 29
*28% 29*3 *29
30
Do
pref.
*%
% EastTennessee Va. * G a ___
900
%
%
*%
%
%
%
%
%
*8 July 3
5 78 Feb. 4
•%
*5
*4
10
*4
*4
12
10
12
*2
12
*2
10
10 June 3 353* Feb. 3
Do
1st pref
2
1
■%
1
*%
i%
*%
%
*%
2 July 7 113* Feb. 3
*%
%
*%
Do
2d pref.
85% 89
93
93
85
85
87
1,365 70 July 26 152 Jan. 12
88% 88% 88% 90 Evansville & Terre H a u te ....
87
•102 106
100 100
ICO 103
101 101 *100 105 *100 105 Great N orthern,pref.
800 100 July 27 142*3 Feb. 7
90
•92
91 Illinois C e n tra ..........
*92
95
95
94
94
91
*89
91
*89
79 86 July 18 104 Jan. 25
*54ft
*6
7
*5
7 Iow a Central..............
*0%
7
200
*5%
5%
7
7
5%
5 July 25 11 Jan. 25
2c
21
*18
*20
19*4 19*4 *18
21
13
20
*18
365
18
12 July 27 37 Jan. 16
Do
pref.
14
*14
15
14 Lake Erie & Western
14*3 15
13% 14
1,415 12*3 July 27 253* Jan. 14
14*8 14%
13% 13%
59%
57% 574* 57% 57% 57
58
1,805 53 July 31 82 Jan. 18
57%
58% 59
55*3 56%
Do
pref.
114
LI 5*3 112
L14
1 12 113
1 12
111
114*3 116*3 115 116*3 Lake Shore & Mioh. Southern.
9,249 104 July 31 134*3 Apr. 8
95
*93
98
95
*93 100 Long Island................. .
93
96
*93
100 100
96
54 90 July 27 118*3 Jan. 21
56*3 58% 54*3 56*3 53% 554ft 53*4 55*3 544ft 554i Louisville & Nashville.
55*3 58
21,933 47*3 July 26 773s Jan. 21
*10
n % 12
11
11
n% n%
u % u % Loulsv. New Alb. & Chioago..
1,970
11*8
10*4 i i %
8*3 July 27 27 Jan. 14
19*3 June 5 27^8 Jan. 16
Louisville St. Louis * Texas .
1 1 1 % 1 1 2 % 1 12
113
112 114 Manhattan E levated,consol..
1084ft 110*4 1 1 0 % 112
110*3 112
8,773 100 July 26 1743* Jan. 13
85
85 *
82*3 85
84
85
85
83
81
420 80 July 31 108*3 Apr. 8
Michigan Central.
9
9
8
8
8
*7%
8
7%
*7
10
9% M inneapolis & St. L „ tr. recta
7%
525
6 Aug. 3 ‘ 19*4 Jan. 14
23
23
19*3 20
20
*22
22
25
20
22
19
20
1,500 18 July 31 49 Jan. 16
Do
p ref., tr. rects
10*3 10*3 10
*10*3 1 1
104j
10
10
10
*10
10 Missouri Kansas & T e x a s ___
10*8
3,200
8 July 19 16 Jan. 25
16% 16%
16% 16%
16
16
14*4 15% *14% 15*3 15% 15%
2,160 133s July 27 283e Jan. 16
Do
pref.
184ft 23
22*4 23%
19% 20% 19*4 22*4 21*3 234ft 20% 23 Missouri Paoiflo.
20,633 16*3 July 26 60 Jan. 21
13
13%
12*3 1 2 % *12
*12
14
14
12
12
*12
14
420
64, July 26 357eJa n . 5
59 Mobile & O h io....
59
1,100 57 Aug. 10 90 Apr. 18
Nashv.Chattanooga&St.Louie
99% 100
98
98*3 97% 98% 96*3 974ft 97*3 98
98% 99 New Y ork Central * Hudson.
7,240 92 July 26 111*3 Jan. 25
124t 1 2 % 12
* 11
13
104ft 12*4 *11
12
*11
12
260
9 70 July 18 20 Jan. 17
New York Ohio. & St. Louis
*51
55
53
53
53
53
*52
55
55
214 45 July 26 78 Jan. 23
51*3 514ft *52
Do
1st pref.
*......... 23
22
22
*21
21
21
21
21
2 1% 21
21
780 18 July 26 41 Apr. 5
Do
2d pref.
1230
n% n%
11*8
12
12 New Y ork Lake Erie & West’n
u % 12
11*8 n %
11*3 12
73* July 2t> 2630 Jan. 25
8.376
*23
26
23
23
*2 i
26
*23
25
25
24*3 *23*3 23
205 15 July 26 58 Jan. 24
Do
pref
19% 20% 19
19% 19
18% 19
19*4 18% 19%
18% 19
4,920 163* July 31 52*8 Jan. 17
202*3 June 14 262*3 Jan. 18
*1 0 % 12
*1 0 % 12
*10*3 12
*11*3 12
10
10
*1 0 % 12
50
9 July 26 38 Jan. 24
124* 13%
13*3 137e 13
13%
124ft 124ft 13
124ft 13
13*8
3,39 s 11 July 18 193* Jan. 20
1 0 % 104i
11
11
10*3 10*3
10
10*4 10*3 10
10*4 10*3
2,049
8 July 27 213e Jan. 23
41
41
39
39
39
39
39 |
*38
320 39 July 21 U733e Jan. 23
Do
new pref.
. . . . . . |Norfolk & Western
5*8 July 3 L 93* Jan. 10
21
21
21% 2 1 %
20
20
21*3 2 1 V
Do
290 16*3 July 19 39*3 Jan. 23
pref.
7%
8
8%
8%
8
7*4
7%
7%
738
7*4
7,239
7=8
738 Northern P aoiflo..
7 July 19 18*3 Feb. 14
23% 24%
204ft 2 1 ** 20% 2 1 % 2 1 % 2238 21*3 22*3 ;
195$ 23
Do
12,967 18*3 July 26 503» Feb. 6
pref.
*11
*11
13
13
*12
13
12
12
*11
13 Ohio & Mississippi
1 2 % *11
20 0 11 July 22 25 Feb. 1
42
*27
40
*28
*25
40
40 Ohio S outhern.........................
*25
40
♦27
25 M ay i 6 49 Jan. 25
41
41
42
43
40
40
*30
40
40% 40% 38
33 Oregon R’y <fe Navigation Co.
600 38 Aug. 1 1 84*3 Jan. 23
7
*7 is 10
8
*7
10
*7
10
7
*5
10 Oregon 8h. Line<feUtah North
7
225
7 Aug. 2 25 Jan. 16
*7
8
*7
8
7
7
*7
7%
7%
7%
7*3
395
4 July 26 18*3 Jan. 21
fls Peoria Decatur <fe Evansville.
13is 13%
1338 13% 13*4 13** 1 2 % 133s 133s 133a 1338 13*3 Philadelphia & R eading.........
July 29 533* Jan. 25
8,815
12
*12
14
*12
14
*1 1 ** 15
12
12
* 11
13
112
11*3
Aug. 2 21*3 Jan. 24
13*3 13*3 Pittsburg Cinn. Ohio. & St. L.
‘ 42
48
*41
46
*40
46
40
40
‘ 41
48
*41
46 1
Do
pref.
15 40 July 27 62 Jan. 24
P’8
1=8
78
%
t*4
t%
®8
%
t%
10,665
%
1*8*8.Rich. <fe W. P Ter’ l, tr. rects.
t *8 Aug. 10 ||12 Feb. 3
1 2 % 12%
*1 0 ** 13** * 11
13% *11
13
200 12 July 26 ||43 Feb. 6
10 ........ 1
Do
pref., tr. rects.
16 Mar. 16 22 Jan. 25
................... !Rio Grande W estern...........
...... . .....1
Do
pref.
60 Mar. 17 62*3 Jan. 28
*4%
5
*4**
5
*4%
5
*4%
5
3 *4 J uly 3 1 73* Jan. 18
"4*3
o St. Louis Southwestern
9
9
8
8
•7**
8 % ‘ 7%
8%
7%
8
8*3
8*3
Do
3241
6 July 26 15 Jan. 18
pref.
*26
29
*26
29
*27
30
*27
30
*27
30
*27
30 St. Paul & Duluth .................
27 July 29 473* Jan. 18
*96
99
•96
99
*95 100
*95 100
*95
100
*95
100
97
Aug. 3 108 Jan. 30
Do
pref.
*95
97
*95
96
*95
96
95% 95% *95
97
99
99 St. Paul Minn. & M anitoba...
420 95 July 27 1163* Feb. 14
*
18
18.
18
18
*15
19
Southern
Paoiflo
C
o.................
500,
173*
July
31 35*4 Jan. 16
5%
5*
5%
5%
5%
*5*3
5*8
6 Texas & P a cific............ ...........
5 78
8611 4% July 28 11 Jan. 19
9%
9*
9%
9*
9
9%
7
8
10
10
*8
8%
Toledo
Ann
Arbor
<
fe
N.
M
ich.
551'
7
Aug.
9 40*3 Jan. 31
*30
40
*30
40
40
37
37
37 Toledo <fe Ohio Central
40 May 15 50 Jan. 17
70
70
70
70
70
70
Do
70
July
25
85 Jan. 7
pref.
183s 19% *1*5*4 19** 17
173s 18%
18%
18*4 20*4 185s 20 Union P a c ific ........................... I 32,765 15*4 July 26 42»8Jan. 27
*7
8
54i
6
*5%
6%
*5
7
7*s
7*«
6
6*8
5
July
26
Union
Paoiflo
D
enver
&
Gulf
891
18*3 Jan. 16
7%
738
7
7^
7%
7%
73s
7
7%
7
7*s
7*3 Wabash.......................................
2,017
5% July 3L 123* Feb. 9
13% 14%
13% 14*8 13% 13%
13% 13%
14
1358
1 3 78
135s
July
27
26*«»
Feb. 7
10
'
'
Do
pref.
7,591
*11
13
1 2 % 12*3 *11
1238 123a 1200 12»8 *1 L
13%
13*3 Wheeling & Lake E rie............
413 10 July 26 233* Jan. 17
*39% 12
38% 40
39% 41%
40% 40%
41*8
41*8
42*8
42*8
31
July
27
'
'
67*4
Jan.
17
Do
pref.
1,217
*6 %
8
0% 6 %
*6
7%
*6
6%
74ft
7*»
*6
7*3 Wisconsin Central Oo..............
120
6 *a July 18 153* Jan* 23
M is c e lla n e o u s S t o c k s .
30
30% 27% 30
27
27%
27
28
27*3 28*3 2778 29^8 American Cotton Oil C o....... . 11,191 24 July 26 51*4 Mar. 3
58
58
56
59
56% 56%
56% 56%
57
577e 56*3 575a,
Do _
pref
2,091 50 July 26 84 Feb. 14
727e 77% 73
76%
70% 74
68% 72%
70*« 74
71*4 75 Am. Sugar R ef.C o . . . .
181,425 613* July 31 1344ft Feb. 6
74
74
74** 75% 73% 74%
72
73
72
75
74*3
75
Do
66*3 July 31 104*3 Jan. 19
3,514
pref.
53
58
56
57%
57% 58
60
58
56*3 56*3 57
58 Am erican T obaoco Co
2,680 43 July 31 12 1 Jan. 3
82
82%
80
80%
80% 80%
80
80
78
79*3
78
78*3
75
July 31 110*4 Jan. 3
1,776
Do
pref.
50% 5338 507a 54%
483s 51%
453s 49
47 78 52
51
533* Chioago Gas Co., trust reo’ts. 138,050 39 July 31 94*3 Jan. 2 1
*8
10
*7
10
*7
10
*7
10
*7
10
Colorado
Coal
&
Iron
D
evel..
9 7s Aug. 3 254ft Feb. 7
23
23
•20
22%
21
21
21
23 Colorado Fuel & Iron ...........
20 July 13 72 Feb. 14
120 122
117% 117% 120 120
118 122
122
122
120
120
Consolidated
Gas
Co...............
108 July 27 144 Jan. 20
15% 16%
15% 16%
15% 16
15*
15*4 16*4
15% 16% Distilling & Cattle F eed’g Co.
12 July 31 6630 Jan. 3
49
52%
47% 52% 42% 47% 37*4 43*4 41
45
47 General Eleotrio C o ...............
30 July 29 114*4 Jan. 16
til
11
*10 % 1 0 %
(9% 10
i84ft
9*«
18*6
ts%
8%
National
Cordage
Co.,
n
e
w
...
7*4 July 7 11147 Feb. 10
*30
40
*35
40
t35
35
♦30
40
*25
35
*20
30
32 July 25 118*3 Jan. 20
Do
pref.
25
253e 24% 25
23
24%
22*4 23
234i
23% 25 National Lead C o.....................
18*3
July 27 52*8 Jan. 21
60% 60%' 59% 60%
57
59%
5 6 * 58
58 78
59% 61
48 July 26 96 Jan. 20
Do
pref.
5%
5%
5%
4%
53a
5
5*4
5*8
450
450
Aug.
11 11T8 Mar. 29
North
American
Co.................
5*8
15
i f * *10
15
*10
14
*9
15
11
10
12 Oregon Im provem ent C o .......
10 June 23 21*3 Feb. 3
1 0 % 11
1 0 % 1 1 % 1 0 % 1 0 % 10*4 1 0 *a 11 11
11*3
11%
601% GOSe *60%
Pacific
M
a
il..............................
8*3
July
27
u
%
27*« Jan. 2
61% ' 61%
60
[........ 59
58*4 58% Pipe Line Certificates..........
52*3 Jan. 18 70*3 Apr. 8
147 117
143% 146
143 143
140 140*4 142 145
145
145
132
Aug.
1
Pullman
Palace
Car
C
o..........
206
Apr. 12
72% 72%
75% 75% *75
77
78*3 78*s
62 June 29 84*3 Jan. 14
Silver Bullion Certificates___
13% 13% 13% 13%
1 2 % 13%
11
12
10*4 12
10*4 A ug 10 373e j an. 14
11% 12 Tennessee Coal & I r o n ..........
59 July 31 102 Jan. 31
Do
p ref.
*20
24
23
23
20
21
19
20
*18
21
United States Rubber C o.......
19 Aug. 9 60^8 Apr. 18
77
79% 77% 79%
75% 77%
7 2*3 75%
74*3 7738 70% 78% Western " w o n I'eievrraph___
0
67*8 Julv 26 101 Jan
* These are bid and asked; no sale m ad e.
x E x di v.
11 Old certs.
t First instalm ent paid.

THE CHRONICLE.

A ugust 12. 1893.)

249

NEW YORK STOCK EXCHANGE PRICES (Continued)—iYACT/FE STOCKS.
Aug. 11.

Is active Stocks .
B Indicates unlisted.

Range (sales) in 1893.

Bid. I Ash.

Lowest.

SCa ll r o a d S t o c k * .
150
Albany & SuM|UciiatU!a........... 100
Belleville A South. 111. pref...... 10o 135 .
Boston & -S'. Y. A ir l in e p re f.. 100
Brooklyn E le v a te d * ..................100 "l9%' SI
Buffalo Rochester A Pittsburg.UK) 22
'76'
Preferred....................................100
35
Burl. Cedar Rapids & S o t.........100
Central Pacific............................. 100
Cleveland * Pittsbnrg............
*0 i'io ‘ t45
■4*ai 7
Des Moines & Fort Hodge........ l o o
30
Preferred....................................100 10
5 % ’ * Is
Butatb So. Shore A A tlantic Ti .100
13
17
Preferred T ................................100
Flint Sc Pore M arquette............ 100 .......... I t
Preferred................................... 100
Georgia Pacific ?f ...............
100 ’ 3 % f s "
5%
6
Gf. Bay Win. A- S t P. :r .r e o ....lO O
Preferred must reel*...............100
Houston & T exas C entral.........100
HUnoia Central leased tines-----100
Kanawha A M icW usa................100
Keokuk A Bee M oines................100
Preferred....................................100
Louise. Evansv. A St. L. C on s.100
P referred................................... 100
Mahoning C o sl............................ 50
Preferred.......................
*0
Lon. K. A. A Chic. tr. w a fts .. i o o : a
Morris A E ssex......... ............... . s o .........
,100 ........
,H»0 47 L .. . . .
9
.100
l
P e o ria .
.100 140
Ptttt, F
. 50 : 28
.100 |i55
Rome Wat..v Ogden* barjrb. .100 88% 101
IOO 25
35
.100 145 G 55

156

5 " J u ly
11 June
3 June
86 June
11 May10
12
47%
.100
105
I

SECURITIES.

YORK

Bid.

Alabama—Class A , 4 to 5 ........190*5 91
lia s* B. 5 » ......................... .,1900
Class C, 4 s............................... 1906
Currency funding 4*.............1920
Arkansas - 6 . , f and, Hoi. 1899-1900
2
-lx. N-m Hulford 110
7s, Arkansas Central KR ..........
I
Louisiana—7*, eo n s................. 1914 107
New consol. < »................. .. 1914
S#5
Missouri -F und
-------- 1894-1995

14%
29%
7%
91
14%

28
July
Aug. 27
Feb.
49
Mar. l o o
May 105

9 " J u ly

Jan.
Jan.
Mar.
Feb.
Jan.
Apr.
Mar.
Jan.
Mar.
May

15 " J u ly
Mar.
114 J an.
60 Feb.
9% Jan.
156 Feb.
47% Apr.
179 Feb.
112% Jan.
37% May
190% Mat

1 39% AUg. 163

112
50
*
140
l 27
150
: 99%
! 27

i

Mar.
June
May
July
Aug.
Aug.
Aug.
Aug.

STOCK

EXCHANGE

Ask,

______ SECURITIES

BONDS AUGUST

P R I C E S .— S T M T *

Specie. Legale, Deposits.

Bid.

Ask.

140
50

Lowest.

Highest.

14
8

14
17

M ay
Jan.

July 160

Jan.

135

May
May

100 " l u g .
63% Autr.
4 June
80 May
93% Jan.
99% July
SO J une
6%
5 July
180 Feb.
30
26 M av
87 Aug.
40 Aug.
10 July
55
55 July
25 Jan.
60
55 Aug.
97 May
85 July
60
64 Mar.
19% 14% July
10
6 July
8
6 Aug.
9
9 July
300 260 June

2%
50
64
135

120% F eb,
92% Feb. I
9% Apr. *
109 Jan.j
93% Jan. >,
109 J a n .!
111% Jan.il
29% Jan.
185 Mar i
31 J a n .’
131 Feb.
71 Jan.
26 Jan.
74% Fob. I
25 Jan. I
67 A p r.!
106% Jan.j'
100% Jan.
69% Jan.
41 Jan.
34% Jan I
11% Jan. S
19 Apr.J
300 Mur)

82 Feb.
83% Feb. J
16% May
13% May
2 Mar.
3% Feb.?
12 Mar. 20 Feb.
8 Ju ly
13% Feb.
49 Aug. 70% Jan,
64 Aug. 99 Jan.
127% July 150 A yr.

II.

SECURITIES.

Bid.

8.C. ic o n t l—Brown co n so le s. 1893
T en n essee-6s, o ld ........ 1892-1898
Compromise, 3 4-5-6s........... 1912
New settlem ent. 6 » .............. 1913
4
5*.............................................. 1913
4
3s ............................................. 1913
100
Virginia—6s. o l d .............................
Os. consolidated bonds................
118
«» . consolidated, 2d series, rent*
K«, deferred t'st m 'ts, stamped
*2%

60
70

New York Citj* Boston and Philadelphia Banks:
b a n k *.

om t& i a
mmm.

Lasms. j Sparta

V. V erk.*
f
Joiy 8 .... 138,017,f. U*. *85,0
».*JO.O
133.017.5 419,49*3
lJ.Jts.O
132.017.6 40 #.181,5
; S ;=
A a r 5 ....
S
S

Fhenix.. . . . . . . .
City..................
Tradesmen**...--

Legate. Depoeite. I ClrsTa

91.7*3,7 33,864,1 398,*79,S 5,719,3
62,368,0.1 .MWJ. 6 394.174.0 5,89«,3
63,651.3 33*509,8
63.631 b 49.910,7 P W . l ( S B
33.933,6 '43,396,7 373,945,3 6,303,9

550,S27,$
5d 1,019,2
540,735,6
543.580,0
550r 80,1

July T i....

64.948.9 148,067,8 6.394.51 5,859.7 133,251,6 6.711,7
94.643.9 149,914,7
110.615.1 0.938.8 ?f;!If,5
64.943.9 148.488,1 S R n m
118,199,5 7,314,1 82,208.5
35.783.7
24.105.0
.0 07.050,3
~r
33.793.7 ! A : m
23.731.0
g k t t 1:111:8
l.»41.e
23.052.0
3,793.7 101,485,0
93,355,U »,S16,0»
' q* a a llloji
2.805.0 * * *
« ' « Iemit, .m etphers in aUthese Jfcmr**, t Including, for Boston and Phtla
Jslpiits, too uern ” 4tie to older bank*."

M .,“ b .* ‘vA-K,:.;r
GeUstin National...
Batchers*A b r-v r.*
Meehauti s’ ATrad's
Greenwich............ .
Leather M M I M n
Bsvefflth National,..
Stats of New York.
American Kxch'g*..
G on steres-------- ...
Broadway......... ..
B ew ea iu *...............
Pacific.................... .
Rspnblic..

.8 5 B

11,00;*,*
4.S90.8
8,507,5
10.414,2
0,737.4
2>«7,'J
4.745.3
14,5*4,0

8

» ______
H%.Go»er
Irrlifgs. sa—

2.548.0

MisceiUneouK and Unlisted Bonds.—Stock Ex. prices.
M i* e r ll,« r » B »
« ’«>l.

A

V H a c e l fi s n e o a e B o n d s .

B on dsT

i f o* k . C o a l A t . - l i * . g.

ConsoS'n C oal-C oavert 6 s...
CobaOS* Co .Chic,—let *u.5«
Denv V. W *LW k*.-a<ra.g.i.
Bet, G*» M x 1st 5 s...
East River (ias 1st x. :

m um

K ie v , III. C o . _

Rfialtable a. * F. - 1,
Henderson Bridge—1st g. Us.
Hoboken Laud A Irap.-g. 5*
m * :i Mteh.-Benin. Car 1st is , g ....
Mutual V, niot* T eieg.-3e. g . .
w
National Starch Mfg... let Be,
Northwestern
"
• "
restore Telegraph—7i
lj'liy o Peoria Water C o ,-d s. g . ...
1*.14I,0
*4,145,0
N orm .-" 5” indicate# prioe

....

im

KM**G......„ .......
Market A Fnltoo.
fit. Nicholas.........
Bho® A Leather...
Corn Bxcftangs.
CooJiosntal......... ,
orts® na...................
lte m m m l A Trad*#Park.........................
” i River..
.**all On.,....
National,...
National....
Ninth National..... |
First National......
Third National......
W.T.Nat, Kxcbange

PeopWs (AM A O. i let g. tie.
Co„ Chicago ... 5 2d g. 8». > 'W \
WoM. Valley Coal - le t g. 8».
PlM ter A Gamble—let g. 6s i
Sunday Creek Coal l s t g 8s_
Western Union Toteg.—. .
Whsel.faBAP.Coal- l s t g 5a
C n llstod B onds,
Ala. A Vicks.—Consol. 5s, g.
- Mori A 1st 6s........
Chart—1st 7s__
... . Tonijoi—Ino. 4*.. Y i" s .
Fan—lei 0s g. otfs........ 83 b.
income
. 5h, g. ctfe...... .
'3 0 " b .
tuuviud^S. Ctf-“».... ....... .
8 b.
Con. 7 g
(4 ; •a" prioe asked. • Latest price this week

Bank Stock List.--Latest price* of bank stocks this week,
5.1-77,0

banks;

Bid.

A m e r ic a ....
Am . K nob.
B o w e r y ____

Broadway.
Butvtis-.kt»r
Central ....
Chase........ t o o "
Chatham...

ork’ con n ty..
American..

.fflitWl 8UiM.es wasa
»V
X»UMM>lfL. <.**». *»’« « .
C*sartYci *i
Fifth N stio n a i"Z .'
Bank of the Mstrop
W esta td e ....... . . . .
8eaiward
..... .
Sixth sattmxd........
Western National..
R m Sat., BFklyn.
Boathern National..

irU M eellan eoow S t o e k s .
Vdauis E xpress........................... 100 130
47
American Bank Note Co V..............
American E xpress.......................1 0 0 : 110
Aiuer. Telegraph A Cable..........100 70
Brunswick Comp
ntpanj'..................100
Chic. Juue. Ky. dr Stock Y ards.100
Preferred..................
100
Citixens' Gas o f B rooklyn.........100
Colorado Fuel dr Iron, pref........100
Columbus A H ocking C oal........100
5%
Commercial C able.......................100
Consol. Coal o f M aryland......... 100 20
Edison id .-nro- 1: d no rotting.. .100;
Inu-rior Conduit dr ins. C o ........100
Laclede G as.................................. l o o : 12
preferred................................... 100. 46
Lehigh d! Wtlkesharrc Coal l i _____
Maryland Coal, p r e f. . . . . . . . ___ 100 45
Michigan-Peninsular Car C o. . . 100
Preferred................................... 100
Minnesota Iron .............
100
17
S i omil Linseed Oil C o.............100
National Starch Mfg. C o............ 100
6
New Central C oal.........................100
5
7
Ontario Silver Mining................ 100
Pennsylvania C oal..................... 50 250
1*. Lorillard Co. pref. ................ 100
Postal Telegraph—Cable r .
Pullman Palace Car rights
Quicksilver M ining.......... ......... 100
1%
Preferred................................... 100
Texas Pacific Land T rust..........10O
,11. 8. E xpress............
..,.1 0 0 ; 4 2
c S. Rubber preferred..............100? i 62%
Weil*. Fargo E x u ress................100 1132%

99% ‘New York—6a. loan ................. 181*3’ ICO
North Carolina—«*, old .......... JdeJ
30
105
93
Funding a c t.................... ....1 9 0 0
10
Sew bonds. JAJ
, . .1892 1898• 15
92
Chatham U R ................................. <
12
1
190
Special tax. Class J.....................•
1
Consolidated 4»
191092
10
6*. ..........................................19Hi!
"95
Rhode Inland—Oe. « m . .1883-181*4’ 98
South C arolinam>n-fuiid,is98"

Bank of New York
Manhattan Co.......
Merc ban t s '..,...... .
Mechanics'...........

ilk
Bmmmn f&sebaaga*.

Range (sates) in 1893.

Ask.

; Actual sales.

•New fork City Bank Statement for the week endiuR June
10, 1803, h na follows. H> om it two c iphers 0X1) in ail cases.
Banks .
(00s omittsd.)

Bid.

Toledo Peoria & W estern.......... 100
Toledo St. L. & Kansas C'lty .........
Virginia Midland......................... 100;

98 "M a y 102% Jan.
30% A vie. 41% Jan.
23 July
37 Jan.
75 July
86% Jan.
45 July
65 Jau.
16% July
29% Jan.
135 July 157% Jan.
4 July
9% Jan.
24 Mar
23 Feb.
5 July
14% Jan.
32 Jau.
11 Juty
23 Jan.
15% July
59% June 77% Jan.

’ No price F rid ay : latest price thin week.
NEW

165% Feb.

A ug 11.

IN-active Stocks .
I Indicates unlisted.

Highest.

Jan.

(% Indicates actual salesJ

KB
471,5

L'*08,8

185
795,9

MK.V
»17,C
W2,i
587.7
237.8
800,*

. 80.4*7.7171,504.8 414,400.2
Total...
♦90TB.—Sto detailed statomoot has bean istood slnoo Jane 10,

.,896,9
5.-«.*-.4
6.39.4,3
5,201,6 Commerce.
2.040.0 Otntlnentai
Co.n Exch.
Deposit......
Bast Rivet.
tgftl
Util Ward..
8,898,5
4.848.0 Fl'th.
8,268,9 First.

8 *5 "
::::'
140
"T w o

A«k.|

banks:

’

305
152
. . ...
250 1
195
135
U lM O W t o b .
H*aov«r. ..
400 ‘ ! Had. I hr *r..
4o00 ] fra.* » i’»’
IrflB g . ...
160“ ! IxMthOT Mf»’
Lio<57)ln .....
..
i i " M arkets r «l
275
Meolmuica*..
M W & T r»M e r c a n t ile ) ,.
152
Merchant.*)'..
r z : M «.rch *t$ E x .

BAN KS.

.V. V. Oo*m.y

115*

N .T . V a t.
v ii)th . . . . . .
1 0 th W a r d ..

300*
ISO

340

550

010*
175
240

170

180*

240
HiO
l HU
230

450

MftBsaa....... i W

107

M e t r o p o lis ..
M L .M o r r is ..
M o r r a r H ill

170

N '*w Y o r k . . .

B id .

230

O rio n U t. .. .
P a c i f i c ...........
P a r k ... . . . . .
P e o p le ’ s . . . .
P h e n lx . . . . . .

'roduce Kx.
Bcpuhiic....

A sa
? l o

125

N. America. 150

152
1H5
475

2000
leo 120
200"

Bid:
. . . . . . 315

195'

ISO
248
305

i'io*
175

s o a tfo a r d . . .
S econ d . . . . .

Seventh __

H hoedt L e 't li

St. Nlchoukft.
douthorn...
S t a t e d N .Y .
T a lr d . . . . . . .
T raileflim ’ n ’ H
UuM StatOK I...
W e s t e r n . . 105
W e r t H ide .

110
110
103
100
127
2
li09

THE CHRONICLE.

MO

[V ol. LVII.

BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
S h a re P r ic e , — n o t P e r C e n tu m P r ic e * .

f y
A c tiv e S t o c k s .

kf Indicates unlisted.

Saturday,
Aug. 5.
16%

M onday,
Aug. 7.
15%

Atlantic A Pan.
44
Baltimore & Ohio (B alt.).
1st preferred
“
2d preferred
“
Baltimore Trac’n.f/7u7J- 25

*62%
*120
113
18
18% 17%
200 200 k199%
177 177
Boston A Lowell 44
1143l
146 146
Boston A Maine
44
13
Central o f Mass.
44
100 *12%
Preferred
44
100
78
79
80%
Cliie. Bor. A Quin.
44
100
52%
Chic. Mil. & St. P. (P h il.). 100 55% 55%
Chic. A W .M ich .(B oston).100
*
Cleve. A Canton
“
100 *
»
P referred ..-.
44
100
74%
72% 75
Fitchburg pref.
4‘
100
32%
33
Hunt. A B r.T op .(P h ila ) . 50 *•
Preferred
44
50
30
347e 36
Lehigh V alley
44
50
Maine Central (Boston). 100
81
79
80
Metropol it an Tra c. (Ph il). 100
5%
5%
5%
M exican Cent4\(.Bosl<m,».10C
19%
20
20
N. Y. & N. Eng.
4‘
100
47
49
49
Preferred___
44
100
Northern Central (B alt.). 50
7%
8%
8%
Northern Paoitio (P h ila J .100
20%
23% 24k
Preferred
44
100
Old C o lo n y .... (Boston). 100 173% 173% 173
49%
49% 50
Pennsylvania.. (P hila.). 50
*23
Philadel. A Erie.
44 - 50
6%
678 7
Phila. A Reading
44
50
68
69
70%
PniladelphiaTrao. 44
50
Summit Branch (Boston). 50
19
16
19%
Union Pacific
44
100
220
United Cos.of N .J.(P h ila .)l00 *222 223
*4%
*4%
1%
W esternN.Y.APaOP/u/aj.lOC
( t i i » c « J i a n e < 'U s

M o c k s .

Am. 8 ug'rRefin.H (Boston)___
Preferred.........
44
Bell T elephone..
4*
lOt
Boat. A Montana
44
25
Butte A B oston..
44
25
Calumet A H ecla
44
25
Canton Co.......... (B alt.). 100
Consolidated Gas
44
100
Erie Telephone (Boston). 100
General E lectric.. 44
100
Preferred........... 44
100
Lam son Store 8er. 44
50
Lehi’hOoal&Nav. ' Phil.) 50
N.Eiig. Telephone (BosVn) 100
North American. (P hil.). 100
West End L an d .. (B osV n )....
* Bid and ashed puces:
In a c t i v e S t o c k s >

Tuesday,
Aug. 8.

52%
52
40
38
62
48%
80
15
15
47
47
*
48
49
53,
5%
*5 %
12
12
12
no sale was made.
Bid.

Ask.

Prices o f August 11.
A tlanta <ft Charlotte (Balt.). 100
Boston A Providence (Boston).100
25
Camden A A tantic pf. (Phila.). 50
C atewlsea.......................
44 50
5
i.st preferred.........
44
50
50
50
2d preferred — , . . .
44
50
Cantral Ohio.............. (Bali.). 50
53
Chari. Col. A Augusta
44
100
Connecticut & Pass. (Boston). 100
Connecticut R iv e r...
44
100 1171*
Delaware A Bound Br.(P/n-to.).100
Flint A Pere M a rq ... (Boston). 100
Preferred.....................
“ i o o *41
Har.Ports.Mt.Joy&L, (Phila.). 50
Kan. C y Ft. 8. A Mem. (Boston). 100
P referred .....................
" 100
K. City Mem. & Birm .
44
100
L ittle Schuylkill....... (Phila.). 50
am
M anchester A L aw .. (Boston). 100
Maryland Central___
(Balt.) 50
Min* H ill A 8. Haven (Phila.). 50
65*2
NeequehoningVal___
44
50
51
Nor thern N. H ............(Boston). 100
No th Pennsylvanla. (Phila.). 50
81
Or- gon Short L in e .-.fBoston) .100 " '8 % 10
Pen nsylvania A N. W . (Phila.) 50
Rutland.......................(Boston).100
I referred.................
100
Seaboard A Roanoke. (Balt.) 100
70
1st preferred............
4*
100
West E nd.....................t(Boston). 50
51% 52*
Preferred.....................
“
50
West Jersey................. (Phila,). 50
*55*
West Jersey A Atlan.
44
50
■Western M aryland..
(Balt.). 50
Wilm. Col. A Augusta
44
100
105
Wllmingt’n A Weldon
44
100
W isconsin C entral... (Boston). 100
Preferred.....................
“ 100
Woro'8t.Nash.ARoch.
«
100

Thur Bday,
Aug. 10.

14% 10%
15%
*2
*2
*63
69% <r
68
68
66
*117%
125
*120
*
115
112% *
17% 17%
17% 17%
18
17
199% 199% 199 199% 199
200
176 ★
176 *172
176
140 145
136 140% 136
146
12% 12% *12
11% 13
13
16%

14%

15%

78%
53

79»s
55%

76%
53

3
11
75
32%

*2%
3%
7% 10
74% 74%

48
2938
115
79%
76
6
6
19
20
50
50
34

7%
8%
22%
21%
173
173
49 % 49%
*23
63,
6%
69
67

7 4 % 76%
521, 52%

76
55

183,
17% 18%
18
18
19
220 220 *220
220
220 220
4%
'4%
4
5
4 % 4%

52%
40
51
80
15
47%
48
12

Friday,
Aug. 11.

15% 16%
115, a 2
*65
68
66
*120 125
115 *110 115
17%
17% 17%
199% 199 199%
175
175 *
140
143% 145
*12
16%

51% 52
39
39
43
47%
80
80
14
15
47
47%
48
48
5%
5%
11% n %

8ales
o f the
Week,
Shares.
38,343
300
2
2,629
368
34
722
200

78%
55%

13,714
1,650

611,8 63,
68% 69%

4,208
3,804

R ange 01 sales In 1893.
Lowest.

19%
18% 19%
22 J% *220 220%
4%
4%

69
72
703, 74
72
74
74
74
180 182
180 181
17% 17 % 17% 17%
53,
53,
6
6
260 260
260 260
*
65
50% 51%
51% 51%
36% 37
37
37
41% 46%
43
38
k
80
80
14
*13% 14
*13
47
47
47
47
48
43
48
49
.5%
5%
5*4
11% 11%
11
11

H lgceai.

12% July 26
56%
135
112
16%
195
170
130
10%

July
Feb.
July
Aug.
July
May
Aug.
July

69% July
46% July
26% July
3
3
25 2i&ifl July
7%
180
7%
733, 73%
265 69 July
74
32
192 29 Julv
32
32
48 *
47%
31
307p 30% 30% 23,744 293s Aug.
115
16 115 A ug.
79
79%
79
3,787 69 Aug.
2,080
5 June
6%
6%
6%
20
20
19%
823 17 July
*47
50
245 44 July
*68% 68
73,
7%
7% July
7,805
7%
22% *21%
2,033 18% July
172 *......... 173
172
July
48
49^8 50%
50%
6,511 46% July
78
55%

78%
55

*2%
3%
*7
8 *
74
7 4 % 733,
32
48 *
47 % 47%
31%
29% 32
29%
115
115
75
75
751,
79
6
6
6
6%
19
18% 19
19
*47
50
50
‘ 47
'663,
75g
7%
8
7%
22%
21%
20^8 21%
172 173
173
172
49% 50
50
49%
‘ 23
26
*23
6%
63,
6%
65r
6%
67
67
67
67
68%

70% 74
73% 75%
73% 77
76
76%
74
76
76
76
182 186
180 182
181 182
19
19
18% 18%
18% 19
6
6
6
6
6
6%
260 260
260 260
255 260
52
40
49%
SO
14%
47%

Wednesday,
Aug. 9.

6%$ July
58 Aug.
5 July
5,167 15% July
111 220 Aug.
550 3% July

368s Jan. 16
14
31
27
13 135 Feb. 13
17
18
1 29% Jan. 24
26 227 Feb. 6
10 200 Feb. 6
1 178 Jan. 26
27 22% Feb. 14
62% Feb. 14
26 103% Jan. 21
26 8338 Jan. 23
27 49% Feb. 3
27
6 Feb. 3
19% Feb. 3
31 95 Feb. 6
31
12
9
8 62 Jan. 27
5 130 Feb. 6
1 150% Jan. 28
29 13 Jan. 16
31 52 Jan. 17
19 102 Jan. 13
70% Jan. 23
19 18% Feb. 6
26 50% Fell. 6
29 221 Feb. 6
26 55% Jan. 27
16
27 20% Jan. 2
1 142% Feb. 8
11
9% Aur. 12
26 42% Jan. 27
4 232% Mar 13
7% Jan. 24
25

71%
74
179%
17%
6
260
k
*51%
37
44%

In a c t i v e s t o c k s .

Bid.

Ask.

Westing. E lectric— (Boston). 50

16

17

69*2 70
At.Top.&8?F.lSo-yr°l|?,1989, J&J
33%
2d2% -4s,g., ClassA.,1989, A&O
Burl. A Mo. River Exem pt 6s, J&J
102
Non-exempt 6s........... 1918, JAJ
Plain 4s........................1910, JAJ
92
Chic. Burl. & Nor. 1st 5,1926, A&O
97
2d mort. 6s................. 1918, J&D ) . . . .
Debenture 6s..............1896, J&D
97
Chic. Burl. & Quinoy 4 s ..1922, F&A
90
Iow a Division 4s.......1919, A&O
Chic.&W.Mich. gen. 5s, 1921, J&D
Consol, o f Vermont, 58.1913, J&J
90
Current River, 1st, 5 s ..1927, A&O
Det. Lans.&Nor’n M. 7 s .1907, J&J
E astern 1st mort 6 g ... 1906, M&S :1114
Iree.E lk. &M. V.,lst, 6s.l933, A&O
117
Unstamped 1st, 6s___1933, A&O It’ " /.' 115
K.C. C.& Spring.,1st,5g.,1925,A&O
K 0. F .S.& M . con. 6s, 1928, M&N It.*!/! 95
K.C. Mem. & Bir.,1st,5s,1927, M&S
K.
C. St. Jo. & C. B ., 7 s .. 1907,
iii*4
J&J
L. Rock & Ft. 8., 1st, 7 s .. 1905, J&J
Louis.,Ev.& St.L.,l8t,6g.l926, A&O
2m., 5—6 g ................1936, A&O
Mar. H. & Out., 6s......1925, A&O ,102
Exten. 6s.................. 1923, J&D
Mexican Central, 4 g . . . 1911, J&J
45%
1st consol.incomes, 2 g,non-cuin.
12
9
2d consol, incomes, 3s, non-cum.
7
N. Y. & N.Eng,, 1st, 7s, 1905, J&J 109 %
1st mort. 6 s................ 1905, J&J >102
2d mort, 6 s............... 1902, F&A , t . . . ,
95
Ogden. & L.C .,C on.6s--.1920,A&O >t... 100
ln c. 6s.....................................1920
.Rutland, 1st, 6s........... 1902. M&N
106
2d, 5s.......................... 1898,F&A
L ,, B o n d s .—P h ila d elp h ia
!Allegheny Val.,7 3-10s, 1896, J&J
105
'Atlantic City 1st 5s, g., 1919, M&N
101
M ISC E L L A N E O U S .
Belvidere Del., 1st, 6 s ..1902, J&D
40
Catawissa, M., 7s........ 1900, F&A
112
Atlantic Mining..
25
7%
8 ;Clearfield & Jeff., 1st, 6s.l927,J& J
118
25
Connecting, 6s........ 1900-04, M&S
. 50
5%
Del. & B ’d B r ’k, 1st, 7 s .1905,F&A
120%
Boston Land..............
“
10
3
Easton & Am. lstM .,5s. 1920, M&N
Csntenniai M in in g ...
“
10
2
Elmir. & Wilm., 1st, 6s. 1910, J&J.
F ort Wayne EiectricU
“
25
5
100
Hunt. & B i*dT op,Con.5S.’95,A&O
Franklin Mining.......
“
25
9
8%
Lehigh Nav. 4% s...........1914, Q—J 105
Frenohm’n’eBayL’nd ••
5
3
2d 6s, gold...................1897, J&D 106
Huron Mining............
“
25
General m ort. 4%s, g .1 9 24,0—F
101
Illinois S t e e l ..........
»«
100
Lehigh Valley, 1st 6 s... 1898, J&D 102^
Kearsarge M in in g ....
*•
25
5
5%
2d 7s.............................1910, M&S 129
Morris Canal guar. 4 . (Philc .100
77
Consol. 6 ...................... 1923, J& D
125
Preferred guar. 10. “
100
187
North Penn. 1st, 7 s ....1 8 9 6 , M&N 115
25
22
23
Gen. M. 7s.................... 1903, J&J 105
PaUman Palace C ar..
ft
100 146 148
Pennsylvania gen. 6s, r..l910 , Var
125
Qainoy M ining...........
«
25 95 '0 0
Consol. 68, 0
............1905, V rr
118
Tam arack M ining___
«
25 128 130%
Consol. 5s, r ..................1919, Var 113%
Thom.Europ.E.WeldIT
**
100
Collat, Tr. 4% g .......... 1913, J&D
United Gas Impt.
(Phil.)
52
53
Pa. & N . Y. Canal,7 s ... 1906,J&D
122
TOO
.1
Pa. & N. Y. Cii.. con. 58.1939. A AO
U Unlisted.
§ And accrued interest.
1 Last price thiq week

75
25,720 62 July 31 1345g Feb.
75%
1,893 66% July 31 104% Jan.
180
456 166 July 26 212 Jan.
173,
1,126 15 July 18 34^8 Jan.
5 Juiv 27 12 Jan.
6
410
260
82 247 July 31 320 Jan.
65
52
422 50 July 27 65 Apr.
37
162 36% Aug. 10 50% Jan.
47
12,831 33 July 28 114% Jan.
17
14
14
169 12% July 26 26% Feb.
47
47
542 46-7e July 31 5438 Feb.
*47
48
56 48 Aug. 3 61% Jan.
4%
434 Aug. 11 11% Jan.
1,182
5%
11% 11%
9% July 27 18 Jan.
1,465

B on d s.

Bid. (Ask.

Perkiom en, 1st s e r .,5 s .l9 1 8 , Q—J
Phila.&Erie gen.M . 5g.,1920, A&O
Gen. m ort., 4 g .......... 1920, A&O
62
Phila & Read, new 4 g., 1958, J&J
1st pref. incom e, 5 g, 1958, Feb 1 23%
2d pref. incom e, 5 g, 1958, Feb. 1 15%
3d pref. incom e, 5 g, 1958,Feb. 1 13
2d, 7s........................... 1893, A&O
Consol, m ort. 7 s .........1911, J&D
Consol, m ort. 6 g .........1911, J&D
Im provem en t^ . 6 g., 1897, A&O
Con. M .,5 g.,stam ped,1922,M&N
Phil. Read. & N. E. 4 s .............1942
Incom es, series a ...................1952
Incom es, series B .................. 1952
Phil. Wilm. & Balt., 4 s. 1917, A&O
Pitts. C. & St. L., 7 s . . . . 1900, F&A
P o’keepsie Bridge, 6 g . 1936, F&A
Scliuyl.R.E.Side, 1st 5 g.1935, J&D 106
Steuben.&Ind.,lstm .,5s. 1914, J&J
United N. J., 6 g .............1894, A&O 102
Warren & Frank.,1st,7s,1896,F&A
B o n d s .— B a lt im o r e .
Atlanta & Chari., 1st 7s, 1907, JfeJ
Incom e 6s................... 1900, A&O
Baltimore Belt, 1st, 03.1990, M&N
Baltimore & Ohio 4 g ., 1935, A a O
Pitts. & Conn., 5 g ...l9 2 5 , F&A
Staten Island, 2d, 5 g.1926, J&J
B al.& O hioS.W .,lst,4% g.l990,J& J
C apeF .& Yad.,8er.A .,6g.l916, J&D
Series B., 6 g ................ 1916, J&D
Series C., 6 g ................1916, J&D
Cent. Ohio, 4% g .............1930, M&S
Cliarl. Col. &Aug. 1st 73.1895, J&J
Ga. Car. & Nor. 1st 5 g .. 1929, J&J
North. Cent. 6 s................ 1900, J&J
6s.................................... 1904, J&J
Series A , 5 s.................. 1926, J&J
4 % s ..................
1925, A&O
Piedm.& Cum., 1st, 5 g.1911, FdsA
Pitts. & Connells. 1st 7s. 1898, J&J
Virginia M id., 1st 6 s ...1906, M&S
2d Series, 6 s..................1911 M&S
3d Series, 6 s................1916, M&S
4th Series, 3-4-5s.......1921, M&S
5th Series, 5 s.............. 1926, M&S
West V&- (> .& ?. 1st, 6 g .l9 L l,o & J
WeFt’L N.C. Consol. 6 g.1914, J&J
Wilm. Col. & Aug., 6 s .. 1910, J&D

6
19
27
16
17
21
18
10
16
16
18
20
2
20
23
4

101
62%
24
16
13%
123%
102
91%

98
111%

104

110

111
101

96

98

98

101
90
85
87

97
109
110
106

99
88
110
111%
107
105

105

106%

103%

M ISC E L L A N E O U S .

Baltimore—City H all 6 s. 1900, Q—J
Funding 68................... 1900, Q—J
West Maryl’d RR . 6 s.. 1902, J&J
W ater 5 s .....................1916, M&N
Funding 5 s..................1916, M&N
E xchange 3% s.............1930, J&J
Virginia (State) 3s, n ew . 1932, J&J
Chesapeake Gas, 6s....... 1900, J&D
Consol. Gas, 6a... . . . . . . . 1 9 1 0 , J&D
5 s ....................................1939, J&J
Equitable Gas. 8s........ 1913. A AO

116
115
97
65
103
108
96
106

117
117
98
66
103%
1083,
98

THE CHRONICLE,

August 13, 1893.1
SEW

251

YORK STOCK EXCHANGE PRICES (C on tin aed .W O r/F K 80.VOS A U G U S T I I . A N D F O R Y E A R 1893t
1 O to s'ng Knni/e (sales) in 1893.
|
. ! Clos'ng Range (sales) in 1393.

R ail ro ad and M iscbl. BONDS. Inter's! Erie* — -----------------—---------l eruxl. A ug. 11, Loire*l.
Highest.

R ailroad a x d M iscel . B o>*ds. Inter'si Price
P erljd . Aug. 1L

Lowest,

j Highest.

Pao of Mo.—2d extern59.1938 J A J 102
103% July 108% Jan.
Ainer. Cotton OH, deb., S g.1900 Q—F 107 a. 101 Aug. 114i« Jan.
A l I oo.AS.F.—10 0-y r.,4g .l98 9 J A J 71
Mobile A: Obio—Xew, 6 g .,1 9 2 7 J .V D -IOS b. 109 Juno ,115% Apr
63% July
83% Feb.
General
mortgage,
4
s
.-.1933
M
A
8
47
-it July
63 Jam
36
57ie
Jan.
29 July
2d 2%-**,
Cl- “ A” ....1 9 b 9 A A O
Xaah. Ch. A St-L.—1st, 7S.1913 J & J 119%». 119 Aug. ;130 Jam
1 0 0 -y e a r in e o n ie ,5 g ...-.l<i99 8ept.
57 J an.
50 May
101%
May
105
Feb,
53
Com,
5
g
...........................
1928
A
&
O
103
52%
Aug.
711s
Jan.
ATI. A Pac.—Gnar, 4 g
1 9 3 7 ;..------ N.Y. Cent.—Debt E x t..49.1905 M A N 97
97 Aug, ; 103 Mar.
5
5 M ay
I l i a Jan.
W.D. luo.,6 9 .................... 1910 J A J
B r o o k l'n £ le fa t M ls t,6 ,g .l9 2 4 A & O 103>»b.|10O Aug. 120% Mar.
1st, coupon,7s..................1903 J A J -115 b. 116 July |124 Feb.
D eben.,59,ooup„ 13S4..1904 M a 8 102 b. 101 Aug. 108% Jam
-Can. South.—1st, 5 s ......... 1903 J A J 9J
, 99 July 107% Feb.
N. Y. A Harlem—7s.reg.1900 M A N *115 a. 115 May 119% Feb.
2 d ,5s................................... 1913 M A 8 90 b.' 93
July 103% Jan.
R. TV. A O g d .—Con., 5 s ..1922 A A 0.104%
103 July 115 Feb.
70% Jan.
C e n t.G a .-fl.A W, lsto o n .5 »,’2 9 ............ .............. 50 May
X. Y. Chic. A SL L.—4 g . . . 1937 A A O' 90 b. 89% Aug. 99% Feb.
J illy 116 Mar.
Central o f X. J .-C o n B „7 8 .1*991 Q - J ............ 112
105 July 111% Jam
X. Y. Elevated—7s.............. 1 9 0 6 J A J 106%
Consol., 7a......................... 1902 M A N|...............11S May 122 Feb.
19 Aug. 131 F( b.
X. Y. Lack. A W.—1 st,6a.. 1921 J A J U 7% a
General m ort/age, 5 g .,1 9 8 7 J A J 101%
102 Ang. 112% Apr.
’
114 Jam
Leh.AW .B.,eon.,78,as’d .l9 0 0 Q—M 103 Wa. 102 Aug. '110 Jan.
Construe! ion, 5 s_______ 1923 F A a *106 a. 107 June
X
.Y
.L
.E
.A
W
.-lst,eon
..7
g
.l9
2
0
M
A
8
*126
a
128
June 139% Jam
do. m ortgage, 5s ......1 9 1 2 M & N 90 a.; 90 July '100 Apr.
A ug. jl09% Feb. j
LougH ockC onsoL,6g . ..1935 A A O *116 b. 122 Jam 125 Feb.
Am . D ock A Imp., 5s___ 1921 J A J 102 a. 190 ------53 July 105 Feb.
2d oonsoL, 6 g _____ ___ .1969 J A D 64%
-Central Pacific—G old.6s-.1898 J A J 1017sb. 101% Aug. 109% Jan.
Claes. A O h io -M o r e ,6 *..1911 A A O I12%u. 111% J u r ­ 118 Peb. . X .Y . O. A W.—Ref. 4s , g . . 1992 M A 8 *78%a. 76 Aug. 86% Feb.
101%
Aug. 108% Jam
9
Consol.
1st,
5
g
...............
1939
J
A
D
101%b
91% July 106 Feb. i
is t consol.,5 ft................. 1939 M A X
65 ta
X.Y.Sua.Alv.—I s t r e !.,5 g .l9 3 7 J A J 100 a. 98 July 107% Mar.
63 Aug. 85% Feb.
Gen. 4 % s , i . . . ................. 1992 M A S
120% Mar.
111
July
R .A A .D tv.,lsicom ,2-4*.19 89 J A J 75
Midland
o
f
X.
J
„
6
g
....1
9
1
0
A
A
O
*111
b.
70% Aug. 82% Feb. :
81% May- 90 Jan.
do 2d con., 4 g . ..1989!J A J 72 b. 68 Aug. 80 Feb. ! Xorf. A 9T.—100-year, 5 g.1990 J
Md.AWash.
D
iv
.-lst.5
g.1941
J
A
*
SO
a.
89ia
80
July
91 Jam
99% Aug. 101 Feb.
E llz.L ex.A B lg3an .-S g . 1902 M A S
Xortb.Pac.—le t,cou p .,6 g . 1921 J A
110 b. i 0 'i-i July 118 Feb.
Clue. Bari. A Q .—C on.,7s. 1903 J A J 113
108% July 121% Apr.
X
80
00
Aug.
115
'ICO
li.
b. 53 July 102% Jau.
Feb.
Debenture,5s...................1913 M A
General, 3d, coup., 6 g .. 1937 J A D * SO b. 81 Aug. 108 Feb.
C onvertible5 a ................ 1903 M A Si 96 %b. 89% July 108% Jan.
74 Feb.
39% July
Consol. morL, 5 g ............ 1989 J A D 40
D enver Division, 43....... 1922 F A A 84 b. 88 June 94% Jan.
Nebraska E xten sion ,4 s.1927 M A N 83
CoL tr. gold notes, 6s .. . 189s >1 A X
93 Juue 95 July
83 July
887a Jan.
C b!c. A E. IU.—ls t,s .f.,6 s .l9 0 7 J A D 108 a. 103 Aug. 116 Apr.
Cute. A X .P .- lB t , 5 g .,.1 9 4 0 A A O ” 56 **” 50 July
80% Feb.
S9% Feb.
Xortb. Pac. A M om —6 g,..19 38iM A 8 00 a 79% May
C onsol.,6g............ ........... 1934 3 A O ............ 118 May 123% Mar.
Xorth. Pao. Ter. Co.— 6 g . . 1933 J A J •90 t>. 93 July 104 Feb.
General consol. 1st,5 s .. 1937 M A >' '9 5 a. 93% Aug. 103 Apr.
Ohio A Miss. -C o n s . s. f.,7s. 1898! j A J 103 b. 08% June 113 Feb.
Chicago A Erie—1st, 5 g . .. 1982 M A X ST^b, 87 July 103% Feb.
Income, 5 s_______ _____ 1982; Oet’ b'r 25%b. 20 July
Consol., 7a........................189s J A J 103 b. 03 Aug 110% Mar.
44% Jan.
93% Aug. 109 Jam
Chte. Gas L. A C.—1st, 5 g. 1937 J A J 73
74 AUg. 92% Feb.
Ohio S ou th ern -let. 6 g. ..1921; J A D 09*3
C blc.M ll. A 81.P .—Con.7s.1905 J A J 119
40 b. 42 Aug. 64 Jam
119 Aug. 129 Apr.
General uiort., 4 g .......... 1921! M A N
Omaha A flt. Louis—t g ..1937 J A J
60 Feb.
1st,Southwest Div., 6» . 1909 J A J , 105
68 Jam
105 Aug. 111% Apr.
Oregon Imp. Co. -1 st. 6 g .lO lO J A D 94 a. 91 Aug. 105 Feb.
108 Aug. 116% Feb.
1st, 80. Min. Div., 6* . . . . 1910 .1 A J]10«%
1st.Ch.APac. W.D1v., 5». 1921 J A J 11051s 103 A ur. 112 May
38 July
Consol.. 5 g . . . . ............... 1939 A A O 41
67 Feb.
O re.R -A X av.C o.—ls t.6 g .1 9 0 9 J A J 100
CMC, A M o .K iv .D lv .,5 e .1926 J A j ; 98 a. 100 July 105 Apr.
99% Aug. 112 Mar.
Wls. A M ton . Div.. 5 g.,1921 J A Jil00%r». 98 July 108 Apr.
Consol..5 g.........................1925: J A D 80 a. 86% June 94% Feb.
Terminal, 5 g .................1 9 1 4 J * J 93
“ b. 98 July 109 June Pennsylvania—Is, g ....... 1913 M A X
02% July 103 July
02 July 110% Apr.
©en. M „ 4g .,se rie s A .-.1989 J A j : 87 b 88 July
fa . Co.—4% g., cou p on ___19 21 J A J 104%
95 Apr.
Peo. Dec. A Evansv.— 6 g .,1 9 2 0 J A J
M B .A X or.-S st, con., 6s. 1913 J A 1) 100 b. 105 Aug. 115 Peb.
.. 10O% May- 104 Mur.
Chle, A X .W .—C o n so l.,7 i.. 1915i G ~ F 128
Evansville Div., 6 g ....l 9 2 o M A 8 •bo a. 89 Ju ly 105 Feb.
127% Ang. 1138 Jan.
C on p on ,g old .7s............... 1902 J A I> U s b. 117 July 123 Mar.
2d m ort.,5 g ..................... 1926; M A X 60 a. 30 Aug. 72 Feb.
Sinking fund. 6s .......1 9 2 9
A A O lio
60 J uly
Phils. A Head.—Gen., 4 g. 1958 J A J 62%
85% Jam
109 July 115 Feb.
Stoking fam l, 5 s..............1929: A A 0 ____
1st pref. Income. 5 g ....... 1958
20 July
76% Jan.
101 July 1109 Jan.
21
Stoking fund d ebem ,5s. 1933IM A X '104 b. 104% July 112 Fell.
70 Jam
2d prel. Income, 5 g ....... 1958
15 b. 17% July
62% Jam
25-year debenture,5 . . . 1909 M A X *109 a. 100 June 106% Mar,
3d pref. Income, 5 g ....... 1958
li! b. 11 July
Extension, 4 s....................1926 1' A A 92 b. 91 Julr 98 Jan.
Pittsburg A Western—4 g. 19 IT
75 b. 75 Aug. 88 Apr.
CMc. Peo. A 8L L ou is—5 g. 1928;Si A 8 1 0 0
Rich A Dan v. - C o n ., 6 g .. 1915
Feb.
02% Aug. I l l
10 2 %
93 AUg. 100 Mur.
Chic. E .I.A P ac.—6«,cou p . 1917|J a J *116
con sol.,5 * ...........
1936
78% Mar.
111 Jul> 125 Jan.
67 Jam
Extension and co l.,3 s...1 9 3 4 U A J 88*»b. 88 Juiv 101% Feb.
K ieh.A W .P .T er.-Tni»t,6g.l«9"
83% Feb.
t4 ) b.
30-year debeuL 5s..........1931 M A s * 87 % a .
52 Feb.
97% Feb
Con. 1st A ooL trust, 5 g. 1914 H A ;l 17 b. t
July
Ckle. Bl P. M. A O .—6*___ 1930 J A I> 112
KioG. Western—1st, 4 g ..lU 3 siJ A
63
60 Aug. 78 Feb.
123 Mar.
Cleveland A C a u t o o -5 .. .191'* J A J * 9 0
flt. JO. A Gr. fstood—6 *..1 92.’ ; M A
92% Apr.
• *0 a 83 Juue 96 Jam
C. C. C. A 1.—Consol.,7 g .l y l 4 I A D ___
s i D A Iron ML 1st exL 5*.‘ 9 7 fp A
119 May
Oft Aug. 103% Jam
General consol., 8 g ....... 1934 J A J
2d, 7 * ................................ 1897 M A
Juno 122% Feb.
*94 b. 94 Aug. 109 Apr.
0.
C .C ^ B t.l.—Peo.A E .49.1940 01
A A O
Cairo Ar*. A Texas. 7 g . . 1 e u J A
79 Jan.
99 June 104% Mar.
Incom e, 4 s . . . . . ............... 1990 April.
It
Geo. K’y A land g r ..5 g ..193! .v A
90% Jau
26% Jau.
*75 Ok 76% July
001. Coal A Iron— 6 g ........ 1900 p A A 95
8t.L .A 8a a F r .—6g.,C L B .l9i> 6 M A
106 Jan.
100 b 01 July 114% Apr.
OoLMidland—C on. , 4 g ...l9 4 0 ;F A A 36
6 g.. Class C.....................1906 M A
100 b.
Juty 114% Apr.
67 Jan.
OoLH.V aL A ToL -C on.,5g. 1931 M A * 75
General loorL, 6 g ___ ...1 9 3 1 J A
94% Jau.
99 Aug, 111% Apr.
99 %
General, 6 g . „ ........... . . .1 9 0 4 3 A D! 78
8L l . 80.W e a L -lt L 4 s ,g 1989 M A
68 Apr.
99 Apr.
1 34
51 J uly
Denver A K i o O .- l s t ,7 g.1900 M A
2d. 4s, g.. Income ............ 1989'J A
28% Fob.
119 Apr
11 b. 12 July
ls t c o o s o l.,4 g................. 1936 J A
119%
Apr.
'.M.A
m
.—~
«.P.l
-Dak.
Ex..
6
g.
1910
M
A
88% Peb.
Juue
*110 a.
Det, B. City A Alpena—6 g . 1913T A
74 Jan.
1st consol., 6 g ................ 1933 J A
’ HO b.
AUg. 123% Mar.
D eLM eo.AM .—L*U*r*nt*. 1911 V A
do
reduced
1
0
4
%
g
..
'.I
A
07
103%
Apr.
b.
Aug.
40 Jan.
97
DaLBo. 8b .A AtL—5 g .... l 9 3 7 J a
Moo lans Ex loti sir) a, 4 g. 193",' J A
103 Apr.
I 83 b. 87 June 91 Jan.
L .T enn V A (>.—Con., 5 g. 195r. % a
76 Mar
94 Apr. ISsa A. A Aram P.—ls t ,6 g. 1916 J A
67 July
E noxvUie A Ohio, 6 g . . . 1925 j a J
92% Aug 101% Feb.
78 M ar
1st, 6 * .............................. 1926.J A
68 Jam
Ft. W .A D en y.City—6 g .. 1921 ' j a 1>
-eatU
eU
a.A
fc.—lit.gu
.
B
.1
9
3
i;p
A
_
67 July 101 Apr.
92% Jam
1 41 b. 50 July
G »L H .A 8 .A n .-M .A P .D .lsi.5 g. M A X
>co*ty Corp iX .C ord -jlstcon 6 - : m a X 1 75 a. 70 May
94 May
99 Apr.
97% Peb.
Han. A 8L Jos.—Cons., 6*. 1911 M A fl 109 b-llOfl Aug. 117% Feb.
a. 105 May 106 Feb.
IIou*,ATeX.C.—Gen. 4 « ,g .l» 2 1 ,v A Oi*Hl
80. F a c . , A H A - 6 g . . . . . 1909-10 J A
60 AUg. 70 Jau.
97 Apr. 100% Jan.
Ullnols Central- 4 g ...........1932:A A u 1 99%
So. PscIQc. Cal.- 6 g ___ 1905-12 A A
99% AUg. 105 Mar,
113 May 115 Feb.
laE A G V S o.—lst,6g.|Ex.il91w,M A X 102 b. l o o Jaiy 113 Apr.
1st, consol..gold. 5 g ...,1 9 3 8 A A
97% Jam
93 Apr.
2d 4% -5«......................... 1909 51 a B .85 h 50 July
80. Pacific, X. M.—6 g .........1911 J
72% Feb,
99%a. 100 AUg. 105% Feb.
Iow a Central—1st, 6 g . ___ 1938 ,1 A It 78
............ 74 Aug
85 Fob.
72 Jaiy 90 Feb. Tena.C.1. A K y .—Ten.D ., Istj6g; A
KentackyC entral—4 g .
1 9 8 * 5 A J 80
Blrm. DIV.. 6 g .................. 191, .
81) Aug. 87 Apr.
95% Jan.
67 b. 70 July
k in g s Co. El.— 1st, 5 g ___1925 J A J 92
lex . A Pac. -I s L 5 g ........... 200u J
81 Jan,
#0 Aug. 103% Feb,
58 J uly
i 62%
Laclede Gas—1st, 3 g ........ 19191 Q—p
72
2,5,income, 5 g ................. 2000 Maroi 1 15
70% AUg. 87% Jan.
13 Juiy
29% Jam
LakeErt* A W est—5 g,...1937!.J A J W
107 Aug. 113 Feb.
ToL A. A. A X , M . - 6 g........ 1921 M A
108% Jam
*75 a. 103 Jan
L. Shore—C o n .c p .,ls t ,7 s .l9 0 0 J A J i l l
.113 Juiy 119 Jam
rol. A Ohio Cent—5 g........ 1935 J A
102 Aug. 109 Apr.
102
OonsoL eonj>.,2d,7#....... I smij j a t i l 19 a. 110 July 122% Jan.
rot. Peo. A WesL—4 g ........1917 J A
81 Jam
08 b. 72% July
L o a g ls i'd — 1st,c o o .,5 g .. 1931 t>—J *110
111 Aug. 116% Peb.
r o u e n . A K » n .C .- 6 g ..l 9 l « J A
48 Ang. 90% Jan.
I 50
General mortgage, 4 * ..iw jfl J A D! 8fl%b.i 90 July j 96 Jan.
U :,ion Pactflo—6 g................1899 J A
u n % b . 102 AUg. llO % Jam
Coals. A Sash.—Cons., 7s. 189s A A O H)5%h. l0 6 Aug. 1113 Jam
S tn »togfan d.8 s................ 1893 M A
97 b. 100 AUg. 105% Fob.
# M . A Mob. 1st, 6 g ........1930 J A J i l l b. 1 13
AU(. 123% Apr.
48 July
73% Jam
do.
2d, 8 * ........ 193o J A‘ 'J 103 a. 100 July 110 Feb.
Gold 6s, coL trust notes. 1891 F A 1 83 a. 85 AUg. 102% Jam
Genera!, 6 g .......................... 1930J A D U O b. Hi7 July 119% Apr.
Ean.Pac.-Den.D iv .-6 g .1899 M A
101 b. 109 AU2. 113% Apr.
Unified, 4 g .......................... 1940J A J, 75 b. 75 July
83% Peb.
lstconsol.,6 g...............1919 M A
91% AUg, 1 1 2 % Apr.
94*9
Nash. Pi. A eh.—1st gtd.5 g.*37 P A A 93
j 95 Aug. 101 Mar
Oregon Short Line—6 g .. 1922: p A ; 84%
83 Aug. 109 Jan.
L oals.N .A . ACh.— 1*L0«.19H ; J A .,
J ... ...1 0 5 Juiy 111 Jan.
0r.8.L.AUt‘hX. —ComS g.1919 A A > 53 b. 69 Aug. 80% Jam
Consol., 6 g .............
1916 A A O 81 a.
.
95 July 109 Jan.
U.P.Den.A Gulf con. 5 g.I939d A >1 46
45 A u g . 75% Jam
Louis. 81. L. ATexae—6 g . l 9 1 ? F A A; 70 1 77 July | 98% Jam
Union Elevated-6 g ........ 1937 51 A
100 Aug. 117% Apr.
101
Metro. Elevated—1st, 6 * .1 9 0 - J A J 112% 108% Aug. 118% Peb.
86 Apr.
Jam
a.
77
i* 60
2d, 6s .................... ...........1899 M A X 100%
10O July 108% Feb.
do
stam ped guar. M
lj 70 b. 70 June 86 Apr.
M ich .Cent.—1st,e o n .,7 s ..1902 M A X ......... l i t
July 122% Apr.
106%
Apr.
July
93
1 05
OonsoL, 5 s ...................... 1902 M A X 101 b.llOO Aug. 106% Apr.
2d mortgage, 5 g ................. 1939.P
82% Jam
M U« b. 60 July
MiUsOkeflh. A W . - l s t ,8 g . 1921 M A X 117 b. 115 July 127% Jam
39
Jam
DebenL M ., series B ____ 1939 J
21 b. 111 July
l-xten. A Im p.. 5 g .........1929 P A A 99 b. 97% Aug. 109% Jam
WestBhore—Guar., 4 s........2361 J
01 July 103% Feb.
1 96*4
M ,K. A T .—1st 4 s ,g .........1990 J A D 74
70% JtUy
82% Feb.
105
Feb.
W esLX. Y. A P a .- l s t .5 g .1 9 3 7 J
1 95 b. 9d July
2d, 4*, g .....................
1990 P A A 35
I 27% July 50% Jam
2d mort., 3g^ 5sc...................1927A
33 Jam
)
19 J u l y
M o .P a d fio —1st, eon., 3 g . 1920 M A X 98 b.l 98 Aug. 113 Mar.
106
Jan.
WesL U n .T eL -C ol. t r .,5 s .l9 3 ~ J
97 a. 95 Aug.
3d, 7 s . . . . . . .............
1906 M A X *90 b. 105 June 115% Apr.
Wla.CeuL Co.—1st, 5 g...... 1937 J
J * 65 b. 82 June 92% Jam
Fac. oIMm—1st. e x ..4 g .1938 P A .4 9d a. 93 Aug. 102 Jau.
Ineome, 5 g ....................... 1937
35 Feb.
- 18 a. 19 Ju lr
X o r t —" b " Indicates price tnU/ “ a ” price ashed; toe Range u made up train actual sales only. * Latest price this woo*, t Trust roots.

NEW YORK STOCK EXCHANOE PRICES—(Continued).—INACTIVE BONDS—AUGUST II.
SECURITIES.

Bid.

Ask.

Bid.

Ask.

R a ilr o a d B onds.
B. A O .— 38ns. mort,, gold.5s.I988 *103 ......... B .R .A P .—Roch. » P., 1st, 66.1921 112
W. Va. A Pitts.— 1st. g., 5 s..1990
Booh. A Pitts.—Cons. 1st, 63.1922 110
( StoeJc Szehangs p rices.)
B. A O. 8. W „ 1st. g., 4% s.. .1990 •98
8uxl C ed.B ap. A X o .—1st,Ss.1906 97
A labsroaM ld.—1st, g.. m a r ..1928
82
Monon. River, 1st g.,g. 5s. ..1919
75
CoasoL A collat. trust, 5s. ..1934
A. r. * S. F.—2d, 4s, Class B 1989
C ent'lOhlo Reor.—1st. 4% s.l930
105
Minn. A SL L .—IsL 7s, g u ..l9 2 7
Col. Mid. 1st, g ..fi«............... 1936
83
oi
Ak.A C h.Junc.—1st.c.5s.gu.1930
Iow a C. & West.—1st, 7 » ___1909 100
Allan tie A Deny.—1st *., 6 s ..l» 1 7
Best. If. Tun. A W .-D e b . 5 s .1913
Ced. Bap. I. F. A X „ 1st, 6s. 1920
A ll. A Pac.—2d W. D „ ga. 6s,. 1907
le t, 5«
.1921
Brooklyn Elevated—2d. 3-5s.1915 ......... 85
Balt. A Ohio—1st, 6«, Park B . 1919
C.Ohio—Ool. ^Cin.M .isM ^ss.lO Sa
Gl.gOld............... ................... 19 25 107
Bull. R . h. A Pitts —G em .59.1937 97
Hoot. RR.
f /ink.—Ool. v..5f.A037
* No Brice PrM»y; theae are the latest qaira: lonv made this week.

---- —

SECURITIES.

Bid. Ask.

SECURITIES.

99

82

THE CHRONICLE.

252

[ V o l . L V II,

NEW YORK STOCK EXCHANGE PRICES—I N A C T IV E BO ND S—fC o n tin u e d )—AXJQUST 11.
SECURITIES.

Bid.

Ask.

SECURITIES.

Bid.

AsK.

SECURITIES.

Northern Pacific—(Continued.)
. . . . E.AT.IL— 'ft. Vernon 1st 6s .1923
C. R. A B .-C bat.R .A C .,gtd.g.l937
Helena ARedM’ n—lst,g., 68-1937
Gent, o f N. J.—Conv. deb.f 6a.l90£ .1111 i l l . . . i Bui. Co. Br. lst. g.. 5s.......... 1930
Duluth AManitoba—lst,g.6s 1936
92
Central Pacific—Gold bds, 6 b, 1895 101V ........ I Ev. ARich —1st gen.5s.g.gu.l931
Dul.AMan Dak.Div.—Ist6s.l937
100
101%
j.......
Svani'.
A
Indian.—1st,
c
o
n
s..1926
■ G old bonds, 6 s....... .............. 1896
Cfleur
d’ Alene—lst,6 s. g o ld .1916
H
I
.
.
.
Flint
A
P.
Marq.—Mort.,
6
s
...1920
Gold bonds, 6 s....... .............. 1897; 101V
Gen. ls t ,g ., 6s.................... 1938
94
ICO
........
lst
eon.
gold,
5s....................
1939
tSan Joaquin Br., 6s.............. 1900:
Cent.
Washington—lst,g..6s.
1938
91
Port Huron—1st, 5 s ............ 1939
Mori, gold 5s..........................1939j
N orfolk A 8outh’ n—1st, 5s,g. 1941
Fbi. Cen A Pen.—ls t g. 5 s ....1918
Land grant, 5s, g.................. 190C
Norfolk
61
West.—General,
6s.
1931
1 st con. g., 5 s ....................... 1943
C. A O. Div., ext., g. 5s....... 1918
61%
New R iver, lst, 6 s ............... 1932
Ft Worth A R. G.—ls t g., 5 s..1928
■ West. Pacific—Bonds, 6s — 1899 102
Imp. A E xt., 6s......................1934
Gal. Har. A Ban Ant,—lst, 6 s .1910
No. Railway (Cal.)—1st, 6s. 1907
Adjustment M., 7s................ 1924
100
Gal.
H.
A
8.
A
.—2d
mort..
7S..1905
50.year 5 s............................1938
Equipment, 5s....................... 1908
Mex. A Pac. Div., 2d 6s ....1 9 3 1
Che*. A O.—Pur. M. fund. 69.1898 ....... 110%
Clinch Vai. ls t 5s.................1957
Ga.
Car.
A
Nor.—1st,
gu.
5s,
g.
1929
.......
112
6s, gold, series A ................... 1908
RoanokeASo.—lst.g u . 5 s .g .1922
Ga. Bo. A F la —1st, g. 6s........ 1927
Craig Valley—1st, g., 5s---- 194C
Scioto Vai. A N. E.—lst,4 s.. 1990
Gram!
Rap.
A
I
n
d
—Gen.
5
s..
1924
Warm Spr. Vai., 1st, g. 5 s.. 1941
Ohio
A Miss—2d consol. 7 s ... 1911
15
18
Obes. O. A So.West —1st 6s. g.1911 100 ......... G. B. w. A St. P.—2d inc. tr. reels.
Spring.Div.—lst 7 s ..............1905
H'ousatonic—Cons,
gold
5s.
...1
9
3
7
2d, 6 s....................................... 1911
General
5s...............................1932
N. Haven ADerby, Cons.5s..l918
Ob. V .-G en .con .lst.g u .g ,58.1938
Ohio R iver RR .—1st, 5s...........1936
Hous. A T. C.—Waco A N. 7s.. 1903 105
Chicago A A lton—8. F., 6 »----- 1903 UOH
100
Gen. g .,5 s ...............................1937
1st g., 5s (int. gtdi................ 1937
us
Louis. A Mo. R ixei—1st, 78.1900
Oregon A Califor.—lst, 5s, g.1927
102
Cons. g. 6s (int. gtd).............1912
2d, 7s.................................... 1900
Oreg. Ry AN av.—Col.tr. g..5s. 1919
85
Debent. 6s, prin. A int. gtd.1897
102 Hi
8t. L. Jacks. A Chic.—1st,7s. 1894
Pan. Sirik.F’d Subsidy—6s, g. 1910
75
Debent. 4s, prin. A int. gtd.1897
Mlss.K. Bridge—le t, s. f., Cs. 1912 .......
Penn.-P.C.CASt.L.Cn.g.4%sA 1940
Illinois Central—1st, g., 4s ...1951
Obio. Burl. A Nor.—1st, 5s---- 1926
Do
do
Series B .........
*92%
lst,
gold,
3
%
s.......................
1951
Debenture 6 s ..................
1896
P .C .A 8.L .-lst,0.,7s................ 1900
Cairo Bridge—4s.................. 1950
95 100
Chic. Burling. A Q.—5s. s. f ..1901
Pitts.
Ft.
W.
A
C.—ls
t, 7 b... 1912
■100
106
Springf.
Div.—Coup.,
68----1898
*86%
Iow a Div.—Sink, fund, 5 s-.1919
2d, 7 s ....... .........................1912
Middle Div.—Reg., 5s..........1921
87%
86
Sinking fu nd,4 s..................1919
3d,
7
s
....................................
1912
108
C.
St.
L.
A
N.
O.—Ten.
1.,
78.1897
80
jZPlain, 4 s.................................. 1921
Ch.St.L. AP.—1st,con .5s,g.. .1932
106
lst, consol., 7s...................1897
Uaio A Indiana Coal—1st 5 s .1936
Clev.
A
P
.—Cons.,
8.
fd.,
78.1900
2d,
68...................................1907
Obi. Mil. A St. P.—1st,8s,P.D. 1898 109
Gen. 4%s, g., “ A” .............1942
115
Gold, 5s, cou p on ................1951
H 2d, 7 3-108, P. D ---- •.............1898 111
St. L .V .A T . H.—ls t . 6s., 78.1897
Memp. Div., ls t g . 4s.......1951 *90
StJlet, 7 e ,$ g .,R .D ................... 1902 117
2d, 7 s.................................... 1898
Dub. A 8. C —2d Div., 7s ...1 894
108
- , U t, I. A M .,7 s...................1897
2d, guar., 78.........................1898
Ced. Falls A Minn.—lst, 7 s..1907
98
88
110
1st, I.
A D .,7 e ..............1899
G d.R .A I.E xt.—lst,4% s,G.g. 1941
117 Ind. D. A Spr.—lst 7s, ex. cp.1906
,Lst ,C.A M .,7 e .....................1903
P
eo.A
E .-Ind.B .A W .-lst,pf.7s.l900
Ind.D.AW
.—1st
5s,
g
.,tr.rec..l9
4
7
120
.
1st, I. AD .E x te n s io n ,7 s ...1908 116
Ohio Ind.AW.—lstp r e f. 5s.. 1938
95 2d, 5s, gold, trust receipts.. 1948
fJlBt, La C. A D av., 5 s............1919
Peoria
A Pek. Union—ls t, 6s .1921
Inc.
M.
bonds,
trust
receipts
—
S* Lst, H. A D .,7 s ..................... 1910 ■iio 115
2d m ortg., 4 % s...................... 1921
Ind. Ills. A Iowa.—lst, g, 4s. 1939
81
100
9 Let, H. A D .,5 s ..................... 1910
Pitts.
Cleve.
A T ol.—1st, 6 s... 1922
Int.AG.N’n—lst,6s,g................1919
^ ’Chicago A Pacific D iv., 6 s.. 1910 107 110
£0
Pitts. A L. Er.—2d g. 5s, “ A ” . 1928
95 Kings Co.-F.EL,lst,5,g.,gu.A.1929
.Mineral Point Div. 5s.......... 1910
Pitts.
Me.
K.
A Y.—ls t 6s....... 1932
97
Lake
Erie
A
West.—2d
g.,
5s.
1941
0. A L. Sup. Div., 5s.............1921
Pitts. Painsv. A F.—lst, 5 s ... 1916
L. S. A M. 80.—B.AE.—New 7 s .’98 106
Fargo A South., 6s, A ssu ...l9 2 4
Pitts.
Shen.
A
L. E.—Ist,g .,5 s.l9 4 0
Det. M. A T —lst, 7 s............ 1906
Pitts. A West.—M. 5s, g 1891-L94L
Lake Shore—Div. bonds, 7s. 1899
993, 100%
no. conv. sink, fund, 5s---- 1916
Pitts.
Y
’gst’
n
A
A.—lst, 5s,con. 1927
Kal. All. A G. R.—ls t gu. 5S.1938
Dakota A Gt. South., 5s---- 1916 100
Pres. A A riz. Cent.—ls t , 6s, g.1916
Malion’g Coal RR.—1st, 5 s .1934
Mil. A Nor. main line—6 s ... 1910
2d
incom
e
6
s
.......................... 1916
Lehigh V .,N .Y —ls t gu.g.4%8.1940
97
C ale.AN.W.—30 year deb. 5s, 1921
Rich. A Dan v.—Debenture 63.1927
Lehigh V.Term.—1st gu. 5s,g. 1941
100
Escanaba A L. S. ls t, 6 s .... 1901
100
Equip. M. s. f., g., 5s.............1909
Litchf. Car. A West.—ls t 6s. g.1916
D esM . A Minn.—1st, 7 s ....1907
Atl. A Char.—1st, pref., 7 s.. 1897
113
Long Island—lst, 7 s ................1898
Iow a Midland—lst, 8 s........ 1900
do.
Incom e, 6s----- 1900
N. Y. A R ’way B .- l s t , g. 5s. 1927
109%
Peninsula—ls t , conv., 7 s.. .1898
Wash.O.AW.—lst,4s,gu.cy.,1924
2d
m
ortg.,
in
c.....................1927
Ohio. A Milwaukee—1st, 7s. 1898
Rio Gr. June.—1st, gu., g., 5s.l938
N.Y.AMan. B each—lst, 7s, 1897
Win. A St. P —2d, 7s............ 1907
R io Grande So.—ls t, g., 5 s ... 1940
N.Y.B.&M.B.—ls t con. 5s,g. 1935
Mil. A Mad.—lst, 6s............1905
St. Jos. A Gr. Is.—2d in c.........1925
Brookl’nAMontauk—lst,6s. 1911
103
Ott. C. F. A St. P.—ls t , 5s.- 1909
Kan. C. A Omaha—lst, 5 s.. 1927
1st, 5 s ................................. 1911
98
Northern 111.—lst, 5s........ 1910
8t. L. A. A T .H —2d pref. 7 s.. 1894
Louis.Evans.ASt. L.—Con.5s.1939
C i-P eo. A St.L.—Con.l8t,g.5d.l939
Louis.
A
Nash.—Cecil.
Br.
7
s
..1907
2d in. inc. 7s............................1894
103
C.R-I.AP.-D.M .A F. D. 1st 4S.1905
D ividend bon ds....................1894
E. II. A Nash.—ls t 6s, g ....l9 1 9
1st, 21*8............................... 1905
Bellev.
A So. III.—ls t, 8S...J.89G
Pensacola
Division,
6s........
1920
107
Extension, 4 s................. .1905
St. Louis Division, 1st, 6s... 1921
Beilev. A Car.—lst, 6s.......... 1923
Keokuk A Des M.—l s t ,5 s .. 1923
Chi.
St.
L.
A Pad.—1st, gd.g.5s 1917
2d,
3s...................................
1980
118
Chicago A St. Louis—1st, 6s.. 1915
8t. Louis 80.—1st, gd. g. 43.1931
Leb.Branch Extension .. .1893
115
Chic. St. P. A Minn.—l s t ,6 s ... 1918
do
2d incom e,5s. 1931
Nashv.
A
Decatur—1st,7
s..
1900
116
St. Paul A S. C.—le t, 6s....... 1919
Car. ABhawt.—ls t g. 4 s-----1932
8. f.,6s.—S. A N. A la............. 1910
109%
Chic. A W. I n d —ls t, s. f., 6s. 1919
St.
L.
A
8.
F.—2d
6s,g., cl. A . 1906
10-40,
gold,
6s......................
1924
General mortgage, 6 s.......... 1932
Equip., 7 s ............................... 1895
5 0 -year 5s, g.,........................1937 *95
Chi<LA>WeBt Mich.—5s...........1921
Pens.
A
A
t
.lst,
6s,
g
o
ld
..
.1921
General
5
s...............................
1931
flJinTiam. A D.—Con. s. f., 7s.l905
94
Collat. trust, 5s, g ................1931
ls t , trust, gold, 5s..................1987
100
2d, gold, 4i*s..........................1937
Lou.
N.
Alb.
ACh.—Gen.m.g.58.1940
Consol,
guar.,
4
s....................1990
65
Cin. D. A I r ’n—1st, gu. 5s, g. 1941
Kan. City A 8.—lst, 6s, g ...l 9 1 6
Manhattan Ry.—Cons. 4s.......1990
92
Olev. Ak. A C o l - E q . A 2d 6 s.1930
Ft. S. A V. B. Bg. —1st, 6 s ... 1910
Manito.S.W.Coloniza’ n—5s ,g.l934
89
93
C.C.C. A St. L., Cairo d i v —4s, 1939
Kansas Midland—ls t , 4s, g.1937
Memphis A Chari.—6s, g old.. 1924
8t.Lou.Div.—lstcol.t8’t4s,g. 1990
St.
Paul A Duluth—ls t , 5s-----1931
1st
con.
Tenn
lien,
7s..........
1915
Spring. ACol.Div.—lst,g. 4s. 19
2d m ortgage 5s.......................1917
Mexican Cent. Consol.—4s, g.1911
WhiteW.Val.Div.—lst,g. 4s. 19
60
St.
Paul Minn A M.—ls t , 7 s.. 1909
*85
lst, cons, income 3s, g........ 1939
Cin.W ab.AM .Div—lst,g .4 s.l9
Mexican N ational—1 st, g ., 8s. 1927
2d m ort., 6s............................. 1909
Cin. I. St. L. A C.—lst,g.,4s. 1936
Minneap.
Union—1st, 6s-----1922
2d, income, 6s, “ A” .............. 1917
C on sol, 6 s...............................1920
M om . Cen.—lst, guar., 6 s.. 1937
2d, income, 6s, “ B ” .............1917
109
Cin.San. ACL—Con.lBtfg.5s. 1928
Michigan Central—6s .............. 1909 105
ls t guar. g. 5 s.........................1937
OLCol. Cin. A Ind.—ls t, 78,8.1.1899
East. Minn., ls t div. ls t 5s. 1908
Coupon, 5s..............................1931 105
Consol, sink, fund, 7 s.......... 1914
Mortgage 4 s........................... 1940 90
Cleve. A Mah. V .—Gold, 5 s ... 1938
95% San Fran. A N. P.—ls t, g., 5S.1919
South Carolina—2d, 6s.......... 1931
Bat.C.AStrgis.—Ist,3s,g.gu .l9s9
Columbia A Green.—ls t , 6 b. . . 1916
Incom e, 6s......... - .................. 1931
Mil. L. S.AW.—Conv. deb., 58.1907 ' 95"
2d, 6 s....................................... 1926
So. Pac. Coast—1st, guar.,4s. 1937
Del. Lack. A W .—Mort. 7 s___1907
129
Mich. Div., 1st, 68................. 1924 114 118
Ter.RR.As’n of S t.L .-lst,4% s.l9 39
Ashland Division—lst, 6s ..1925
Byra. Bing. A N. Y ;—1st, 78.1906
137
Texas Central—l s t ,s. f., 7 s ... 1909
Incom es...........................................
Morris A Essex—1st, 7s___1914 105
95
ls t m ortgage, 7 s................... 1911
Bonds, 7 s............................. 1900 110
Minn.A St. L.—lst, g. 7 b.........1927
98
Texas A N ew Orleans—1st,7s. 1905
7s o f 1871........ .................. 1901
130
Iow a Extension, 1st,7s.......1909
90
Sabine Division, lst, 6 s....... 1912
ls t , con., g u a r A js ............ 1915 101 102
2d m ortg., 7 s .._ .................... 1891 *75
Third Avenue (N.Y).—ls t 5s, 1937
DeL A Hud. C a n .^ o u p o n 7s,1894
Southwest Ext.—1st, 7s.......1910
Tol. A. A . A Cad.—6s................ 1917
Pa. D iv., coup., 7s................ 1917
Pacific E xt.—1st, 6s ............1921
96
Toledo A . A. n G’d Tr.—g. 68.1921
Albany A Susq.—lBt, gu.,7s 1906
Impr. A equipment, 6s........ 1922
115
1st, cons., guar., 6 s.........1906
Tol. A. A. A Mt. PL—6s.......... 1919
135
Minn. A Pac.—ls t mortg., 5s. 1936
Bens. A Bar.—lst, coup., 7s.l921
Tol. A. A. A N. M.—58, g........ 1940
Minn.St.P. AS.8. M—ls t c.g. 4s. 1938
Denver City Cable—lst, 6 s ... 1908
T.AO.C.—K an.A M ., Mort. 4s.l990
98
M o.K.AT.—K.C.AP., lst,4 s, g. 1990
Ulster A Del.—lst, con.,6.,5s. 1928
Denv. Tramway—Cons. 6s, g.1910
Dal. A Waco—lst, 5s, gu ..,.1 9 4 0
Union Pacific—1st, 6 a.............. 1896
Metropol. Ky.—lst,gu. g.6s.l911
68
Missouri Pacific—Trust 5 s ...1917
l s t coll., 5e, g ........................1920
lst, 6 s.......................................1897
Denv. A R . G.—Im p.,g., 5 s ... 1928
Duluth A Iron Range—ls t 5s. 1937 97
lst, 6s...................................... 1898
6t L.AI. M .-A rk.B r.,lst, 78.1895
99%
Collateral
Trust, 6s...............1908
S . Tenn. Va. A Ga.—lst, 7 s... 1900 103
M obile A Ohio—1st ext., 6 s... 1927
Divisional 5s.......................... 1930 *25
Collateral Trust, 5 s.............. 1907
8t. L. A Cairo—4s, guar....... 1931
80
1st ext., gold, 5 s ................... 1937
Kansas
Pacific—ls
t 6s, g ...l 8 9 5
Morgan’s La. A T.—ls t, 6s___1920
. E q .A lm p ..g .,5 s .................... 1938
ls t , 6s, g ....................
1896
ls t, 7s...................................... 1918
9 Mobile A Binn.—1st, g., 5s. .1937 •97%
C. Br. U. P .—F. c., 7s.......... 1895
Nash. Cha^ A 81. L.—2d, 6 s.. 1901
Alabama Central—l s t 6 s ... 1918
Atch. Col. A P ac.—lst, 6s.-.1905
110
N. O. A. No. E. -Pr. 1., g., 6s.. 1915
Brie—lst, extended, 7 s.......... 1897
Atcln J. Co. A W.—lst, 6 s... 1905
N. Y. Central.—Deb. g. 4s___1905 *95
2d, extended, 5s.....................1919
i*05‘ N. J. June—Guar. 1st, 4 a ...1986
U .P . Lin. A CoL—1st,g., 5s. 1918
100
8d, extended, 4% s................. 1923
Oreg.S.L. A U.N.,coi.trst.,5s.l919
Beech Crolpfc—1st, gold, 4 s ..1936
98
4th, extended, 5s................... 1920
101%
Utah A North.—lst, 7s........ 1908
Osw. A Rome—2d, 5s, g.,gu.l915
104
6th, extended, 4s................... 1928 120
Gold, 5s...... ......................1 926
Utica A Bl. Riv. -4 s, g., gu.1922
1st, con., g., f’d, 7 s .............. 1920
Utah Southern—Gen., 7 s ...1909
N. Y. N. H. A H.—1st, re*. 4s. 1903
103
Reorg., l s t lien, 6s................ 1908
E x ten., lst, 7s................... 1909
N. Y. A Northern—lst, g 5a.1927
106
B. N. Y. A E.—1st, 7 s.......... 1916
Valley R ’y Co. o f O.—Con. 6s. 1921
2d, 4 s....................................... 1927
N .Y . L. E. AWL—CoL tr.,6s.l922
Wabash—Debenture, Ser. A ..1 9 J 9
N. Y. Susq. A West.—2d, 4%s. 1937
82
Funded coup., 5s................... 1969
No. Missouri—ls t, 7s.......... 1895
Gen. mort., 5s, g ................. 1940
8s%
Buff. A B. W.—Mortg. 6s___1908
99
St.L.K.C.JfN.—R.E. ARR.7s. 1895
N. Y. Tex. A Mex.—Ist,4s,gu.l912
Jefferson—lst, gu. g. 5 a ___ 1909
81.Charles Br’ge—lst,6s.. . 1908
North’n Paeinc—Divid’d scrip ext.
Coal A RR.—6s.......................1922
West. Va. C. A Pitts.—lst, 6s. 1911
James River V a i—1st, 6 s... 1936
Eureka Springs—lst, g., 6 s ... 1933
110
Wheel.AL.E.—lst.
5s, g o ld ... 1926
Bpokaue & Pal.—ls t, 6s.......1936
87
Evans. A T.H.—lst,con s.,6 s..1921
E xtension A Imp, g., 5 s ... . . i y 30
Bt.Paul A N . P.—Gen., 6 s..1923
103
st, general, g., 5 s ................ 1942
No prioe Friday; these are the latest quotations m a le this weak.
F o r f f i t u e i u a e o u i & U n lis te d . Dio a d * —See 3d Page

S

Ask.

Bid.

75

112

92
105*’

ioi*
115

100
99%
129
123
125
101
115
100
100
97
106

1

*82

90

90

53

*95
*95

70
99
110
101

*75
*50
*75
100
100
80
55

100

100

105
110%
99
100

95

100
106%

32

108

iio"
75

101
101%
101%

■101
65
60
*50
92%
90
*99% 100
104
.........103
*97
preceding.

THE CHRONICLE.

A ugust 12, 1893.]

jpxtfjestmetil
§i ailroad intelligence,
USB

ROADS.

j

268
Latest Earning* Reported.

Week or Mo

1893.

1892.

Jan, 1 to Latest Dais.
1893.

1892.

4
*
8 ■
*
Ju ly .......... 1,085,660 934.631 7,016,027 6.573,584
July..........
129,392 119,048
605,894
591,127
94,709
Ju ly..........
74,038
667.640
645.306
1,309,821 1,178,367 8,289,562 7,810.518
July.
5 ,797;
64,322 1,337.-438 1,391.612
ithwkJulv
I h e I n v e s t o r s ’ S u p p l e m e n t , a p a m p h le t o f 150 p a g e s
1.986
2.012
May
9,009
9,197
Ju ly..........
22,3*26:
2,355
1,948
19,607
s o n t a in s e x te n d e d ta b les o f th e S to c k s a n d B o n d s o f R a il­
448
5.439*
537
5,102
r o a d s , a n d o t h e r C o m p a n ie s , w ith r e m a r k s a n d s ta t is t ic s c o n ­
2,784
3.088
14,461,
13,796
24,6.27
29,557
J
u
u
e
.........
cernin g th e in co m e , fin a n c ia l s ta tu s , e tc ., o f e a c h C o m p a n y .
8.500
9.789
7i',509i
Ju lv ..........
78,066
3% 2U
0,615!
7 ,1 9 !
J u ly ..- .- ..
38,119
I t is p u b lis h e d o n th e la s t S a t u r d a y o f e v e r y o th e r m o n th —
J u ly .. . . . . . 1,733,249 1,449,566 11,634,080 10.565,714
p ie ., J a n u a r y , M a r c h , M a y , J u ly , S e p te m b e r a n d N o v e m b e r,
Jum> . . . . .
35.957
35,22
21 1,-2 0
2*24.884
60, *202 2,314,745 2,014,689
iv k .iu i
52.811
a n d is fu r n is h e d w ith o u t e x t r a c h a r g e t o a ll r e g u la r su b 37.624 1,215.679 1,070,184
Wk July 2 4
38,000
31.033
32.769
1st wk Auy
< ‘ r ib e r s o f th e C eibo .v ic l b ,
2,602
21.408
1.021
Ju ly ..........
19.244
The G e n e r a l Q u o ta tio n s o f S to c k s a n d B o n d s , o c c u p y in g
9.<*56
9,857
197,708
HiiwkJuty
214,577
183,284
5.43
J
5.856
ith
w
k
lm
y
169.819
s i x p a g e s o f th e C h r o n i c l e , a r e p u b lis h e d o n th e t h i r d
95,024 106.493 2.731,603 2.730.737
libw ltJu ly
605.7.(2
ithvvbj uly
20,810
*22,512
S a t u r d a y o f e a c h m o n th .
592,753
7S.678
K.. puts. A G. J u ly .. ..
21.284*
27.328
133,978
Kan.C. »nl>.Belt J u ly ___
100.121
Kall.C.W. A-N*» Ju ly ___
2*3.185
19,996
181.447
R A IL R O A D EARN IN GS.
209,557
8,380
Keokuk A West l*!i .vkjuly
9.341
215,168
6.516
40.0*6
5.288
46.-19
1..K.-V.* All. A So. J u ly ..........
Jan. 1 to Latest Dale.
Latest B am tngt Reported
99.108 2,000,839 1,902,433
93,78.)
L. Erie A West. uhw kJuly
R oads.
329,374
39.79*
243,484
55,341
LehSsri! A H ad. July .........
1892.
1892.
1893.
1893.
Week or Uo
Lour Island . .. 1st wk All« 146.640 142,085 2,43*2.906 2,526,928
165.601
Louis A Mo. Riv May. . . . .
3*2.348
33,202;
170,479
*
*
S
S
36,159 1,053.210
741,478
L iiiw Ev.ASt.L- AtbwkJul)
4*3,022:
70,599 l»ut»v.ANa*iiv ulnvk iuly 511.: i u
38,425
i .Y U io .u a
A dirondack—
t u n e ........
533.206 12.361,352 12,008.819
A llegheny Vai. J a w ......... 233,791: 230.1 Si* 1.310 Ui* 1,231,573 lamis.N. A.a Oh, UbWEJuly
93,135
88.119 1,903.731 1,773,395
A tctL T .*8. Fe* HbwkJnty 9 -1.21 3 l.0«rt.#22 22.A30.09C 41,214.318 I.on.Stl. A Tex 3d w*kJnt>
12,0—
326.559
9,973
342,399
St. L. At San P MbwkJuly 207.174’ -J7h. i«u 5.034.45 a 4,728,353 Macon A Btno July..........
5,320
4,823
38,553
42,922
A stk. t o ta l... UbwkJuly 1.243.410 1.30.1.222 27.504.551 .'5 1*42.700 Manches a nur M a y ..........
6.719
SUl)
9*8
5,496
321.733
?)<>.'*.>!
58.491
303.003
1
140
Atlanta A Char.d
70.750
4.527
MbnteGqae. .. . J u ly ..........
78.733
...........
3.992
7.375
33.225
3 1.355 Mea>nb»»ACbas id wk July
Atlanta A Ftor'a
10.741
21.592
789.866
738,588
1.601.2* 1.629,102 0.235,917 9,363,618
B.AO. East 1Joe- Jon* .
M el lean CVn* 1st wk ABC 141,001 132.287 4,761,730 4.590,494
t *0.091 464,537 3,071,505 2,034,413 Mexican lotor'l J u n e .........
Western Line* Jan*
801.226
Is-*. 038 155 Tss 1,089,293
2.157..* 07 2,097,,639 12,307,4*22 12.298,031 ;Mex. National. 1st wk AUK
T otal.......... iom>
70.756
82,09? 2,540.1 40 2,453.039
51.9*7,
55.447 1,511.2*38 1 .4 9 M M
BabAO.Smuha U tw k A hk
51.500
•.;.*-.!*! 1,702,462 1,805,704
Mexican H**•*.«>
. Wk Jul}*29
B atbA H acu’ nd.. >‘ » .
8.763
8.048 MllwauknaA No ithwk.i*ne
1.335
854,119
52.181!
55.361
796,663
19,235
23.790 Mineral Ranke J u ly ..........
2.065!
Btr. * Atlantic July
6,5,379
11,524
76,795
10.606
4.814
Bir.Sh.ATeno R June
138 30 ■ 178,433
Min neap, ASl. I. J u ly ..........
996.038 1,085,755
1,150,8 *0 1.124,423 M.8I.P. A S ,- M liliw k ju ly
21*.1***7
Brooklyn K l«». 1»twk A uk
127.084 131.770 1.8)8,3 9 1,699,437
2,017.161 1,947.052 51o.Kan.ATex... Istw k A uk 1 17.27(* 1 8 ),2 19 5.572,50* 5,157,195
72.78 I
B nCBoelnAPiti I ' twk AIK
2,159,032 2.256,730 Mo.Pae.&lronM 1st Wk AUK 380.000 503,000 14,916.808 15.055,885
79.0531
B ur.e.Rap. A S UbwkJuly
290,803 Mobile A Birtu •id wk July;
31 0,23 '
Cam den* A ll.. June
3.727
3.524;
tlo .0 0 0
11,731.098 12,031.503 Mobil* A Ohio. July........".I 250.344
CanadUi!
!*t vftc A u f
243.840 1,917,004 1,893.896
19.220
14.306 M om.A dex.OII May...........
Car.Ciun-JiACb, May
3.35
434,223
30.201
316,934
S8.00O
31.941 N ii»tl.liuA »l.L J u n e ......... 882,235 400,988 2,457.335 2,482.149
31.210
Car. Midland
7,700
. Ju ly -------7.136.08T 0,734,301 N. Jersey AN.Y March.... 1 23,787:
Central o f X. J. . J u n e ........ 1.320,207
21.977
64,012
65.758
5,443.548 5,401. s'*.* NecfOrl. A S o 'o ,. UtwkA.UK
Central Pacitie May ........ 1,330.2 l ■*
73,004
1.033
1,790
80.288
47.3 *3
44,259 N Y .C .A IL R .... July ....... 3.926.431 3.79 1,039 28.553.739 25,118,047
7,940
Central o f 3, C M .» . . . . .
70.7 15 X. Y. 1, E AW '. June .........2,600.693 2,742.7*29 14.108,3)7 14,793.203
81.03
7.900
Char.Ciu AChie [July........
57,1 U*.
351.319 N*. Y.Pa. A Oblo
380,109
G fcartM t'nA W June ......
April ....... 594,080 676.33 4 3.32 J.776 2.242,007
70.737 N*. I'.A.V.EOK.
9.0001
**1.473,
CbarUmn A No July . ...
1,440.105 1,360,037
M a r c h ... .
................
10,774 N.Y.A N,.rtli'ii J u ly .........
21.2.31}
Cba Vqua L*k.*.. i J! as* .......
4.904
346.534
302.498
56.850
55,202
39.500 N. Y. Out. A W 1
48.111*1
Oheraw.ADarl. J" u n e . . .
5.12,5
1al
if Audi
Aii
Mi
7'*'*
74.020 2.280.721 2,017,773
»t tie
wk
84,72*2*
Cbea.* Ottlo .. latw k ,vi»f 103.350 323,360 5.990,7 i 11 5,868.16 * N.YdWaq. A '* . . June .......
790,134
832.635
105,103 153,062
d ie s , U. A..'. V.
17 2,t i ll 1*13,54*. l,t.59,086i 1,038.4*15 N'nrf. A South'n June
213.760
I7.(5s3
223,363
li,W
CWo, Bur, A No
187,20 4s 152,983 1.177.385:
971.08 2 Norfolk A W **«i u t wk A uk 203.073 2 1 ,9.45 6,03 J.053 5. .30,950
Chic Bar, A G. JllOl-____ 3,2**2,*»79* 3,3*48,29,13,----------978,008) 18.236.039 N'lheaat'u tS.C.I J une
37
J,0
0
1
301,706
42,011
43.873
O tic. A Ea«*. lli June .......
09,1911
6*2,«.4;i 2.480.007,' 2,20s.-;* i Nurib’ nCeotrai. June .
0)3,19.5 563.171 3,4*4.5.50 3,328,480
a n e ........
ChleaKo A Krt*. (J
Jan
237.Ul • 202,137 l.H *,2t*> *1,381,*272
7,748,842
7,009,610
41
*.233
31H.379
u h f ' SortUeruPwW e ;«d » k % *
Clue, Gt West',, •ithwfcjuiy
34 *l> j« | i ■ 7 1,i>35!
83,533' '■ 'iT
..........
96, *>43 1.013.353 1,971,818
80,763
A T .: -........
« S '2 n *
W ta.Cl.Unes. 3,1 wk May
C b.J.K .& i -.V . A „n :
164.687! 203,34*1
821,201
0 .5 .9 2 0
N .r.A W.Ceui. *d w kJuly 4 50,242 61*1.77 13,265,954 14,95.1.427
Chlc-MU. A ALP* l a t a t A u s 571.115 639,331 19,378.163 I9.O40.OW j 0 J £ * M l k . . . . July .............. 324,940 349.548 2,392.045 2,270,139
Cttiu,A Ohio Bis. ithwkJuly
S46.401
378.507
17,133
•i*1'** .
O btoR lvor......... Itbw kJuly
16.72.)
O bto.A X ’thw’ n Jon** , . 2,912,211 2,970,23) 14.743,934 1 l* 2 S f
348.713
392,6 70
48,769
I . om osuuttiern . July. .........
40,273,
Chlp.Peo.4S l , i unwkJn-.j
33,842:
35.439
708,194 „ :'/>,■*•* •' G m »b*# 8 L 1, A p r,!..........
180,080
19»,824
39,109
*0 .2 5 i
Chtc K*k l.A 1- July . ... 1,542.11 4 1,475,417 10 5 W.870 f* ? !? * 0 !*.1 1Orekouluip.Co ju u e ..
329.714 349,200 1,810,112 3,823,182
Chbs-St-P.M.AO Jin*.** ......
65.5,395 766,067* 3,s*»0.27i 3,995,401 Pad. leu n A A la. July ............
1
)
-,7.17
113,001
20.17*2
24,571
SI.IIJO 1,016,20? l,0 7 ),u .5
CMA A W. I I i l h w k j u i y
19,0891
1 1,492
127.900
13,067
W no. MldPtl J u ly ..........
17,517
6.059
------38,1311
37,-57*2j PeutwylvaaiA
CU*.« » , A Port.'* Jots ___
6,534
32,695,4.42
33,98*3,417
une
. . . 3,70*3.162 5,592,835
37*7,325 ! PMrultaO.AKi . JI'h
O n . Jack.'. M i- 4!b*> kJuly
301.221
18.736]
19,318
501,629
409.735
w k Ju l!
*23.390
*22,526
G a / S . o . * t . r ttiiwMm, i 1282857 138,481 2.339.201 3. 410,034 I'ctersburs.........J u n e _____
207,708
<29.1,906
49.700
46,435
49.215
*7.903 1,008,0)9
990,363 i PWI*. A Erie . June ....... 57*0,391. 419,927 2.530,0311 2,320,7*18
A la,04. Sonth.MttwkJuiy.
N-Orl. A S. E. ithw kJun
721.250
!
5
4,4)7
701.076
10,784,528
u,
10.9
24,-36
29,961
Pftllfc A Read’s . J u n e .... .. 1.074.749 1,917,296
3.30,031 , O M lA lr.C o.r. Jane;___
A la. A Vlokab. AttwkJuiy
15,304!
25,681!
301.731
4.166,959 4,032,64 l 22,0x7,500 14,285,517
29.5,372 j Total but!) ('<**. June . . . 0,141.707
Vlek*. Sh « P AibwkJaiy
17,8011 17,100!
284,222
5.919.937 33. 12.474 2.5,030,045
Ert*n**r 8 y « . i t m t J U )
2 11 ,u80; 989,457 4,728.220 4,773,202
6,90 1.235
1.4 *0,781 •1,567,403 7,13..453
"
Letrixh Valley. JU y......... ......
d s n . N orttw n J u l y ,......!
1,90s:
11.419 PltU-.4iur.ACll. J u ly ..........
11, *24 J
1320,
22,558
22.760
3.049
253
C to .f’ort*. A V ja iv ........7
2 2 3 41
135,409 ! Pit4.aUen.AI~K. J u ly .......
24,032!
152.8 "*’*
203.827
251,235
33,021
5*3.376
1,317*
0,101
1,122
7,985 1 Pitted*. A West Ju ly ..........
C o t A M m . J a n * ___ ,.t
71.7,3*10
9 3 i.2 5 t
117,227! 120,000
551.520 j Pitts.Cl.Sl'w! July ............
382.201
23,901
O ev.A kronA U i. it h w ifa iy ;
24,223*
354,382
474,504
74,061 57,000
1*.3,000'
373,080
d e e . Can. At So. Jane
81.8861 - u149,797
101,099
218,304
31.53.5
,
.
O
,
.
.
,
)
/
,
«
I
Pitta.
P*.
A
r
.
July
..........
43.-2.5J
CL Ctn. Vtt.AH. U ItbwkJ uly, 409,948 425.41**1
10.32.5 1 .0 )- 375 1,370,150
a'iu
«
'a
u
5
Total
system
.
ls
t
w
k
A
u
s
44.035
54,945,
53,325
Peo. A E is r n , U hw kJuij
692,968
718.533
? lV u o «
L : ' , ?-' P1M.Youuk. a a J u n o ......... 181,079 157.704
7,712
CSer. A Marietta MbwkJulyi
7,3 *2
103,430
131,072
14, *22
‘ SH a?
1
; PL B ofkl A AUK. May...........
14,089
C ot Sewn. A
Sim }...........1
3.4*7
11«,9»0
1.035 , J | * 2 4 i .
111.330
15.023
Pt.Hoy.AW.Car.
May...........
21.085
C M .ii. V. A T M . J u n e ......... I 321,06) 278.677
156,624
150.770
23,905
3*22,*37
Col.SbawneeAH it tw k 1'ae
329,5 41
20,471
15,)31
’ iH i Kieb.A Han. *iy», Mkreb.......1,103,720 1,059.800
2,050
12.«J7 Kltfh.Fr'kab A P .'M a y ........
2,280
CSoluaa A Istke.. J u l y ___ . J
12.31 i
320,407
341,392
74.1041
70.205;
O m a, R i » r .......March_____ | 97,742
93,154,
264,40
255,378
178,772
188,297
252 Rich. A PkteniD. J u n e ........
32,078
31.720,
Current R irer.. A rtw k joly ,
2,021
____
92,940 ,
4,2(53*
317,365
325,893
1 9 ,7 J l
! Rio Ur. South'll, litli wk July
8,100!
D ear. A itto Or, Jatwk A us*
97.300 191,30 *. 4.884.534
3 8 ,0 0 0 1,339,302 1,484,690
!
Kto
0
r
WtaUn..
1-tv.
k
auk
29,ooo
D m . M. No. AW* July ........
39,026
37.22.5i
226,917
61.744
11,021
f f S ’ f S : OaK.TaacoiaAH. J u ly ........ .!
14,980
DebBayC. A A (p. J u l y . ......
3 *.40<i
*27.6)0
276,664
30,73*2
33,493
7 .6 3 2
4aK.Val.AHt.4- M ay...........
8,943
Del.Lans'kAN**> 4tbwkJttly
26.140
67*3.322 i
2 7,1 95
798.183
899.379
8 2 ,0 9 0
: St. 1- A. A T. H H h w k J u ly
38,900
DnHrtb».8.AAM- ItbwkJuly!
00.3 13
72,193 1,280.799
17,054
15,803
ISt-LK en etAao J u ly ...........
*2,0*20
2,2)1
Duluth a Winn.. May. ...
25.31.5
7.9 0)
106,3 56 „ , *!l*,7'' 8t.I-S «u lhw 'rn. iattrk
8 9.380! 2,8*22,901 2,397,731
latw k A uk
u«
76.020
K.T«**n. Va. A <Ja s d i t July
91.573
110.054 3.102.403 !<3f®*1,* ' SLPaulA D uftb Ju ly ..........
974,65 i 1,056,343
151.22J 203,457
ElKln.Joi.AE*** Ju ly..........
61305
87.404!
523.477
661,416
'853.250:
S a n A o L A A .P . J u n e _____ 140,102 10.1,907
Eureka 8 orin«8. M ay..........
6,182
36,515
5,47<i,
3,114
3,801.
392
542
.uu ;*i < 0ander»y.A Ten. J u ly ..........
11.272
B *»n a ln d ‘ pU*A ItbwkJuly
11.131
211.238
463,744
460.718
3
3
,0
1
2
itbw
kJu
iy;
25,073
* 8.Fran.AN.Pac.
B y»n», A K irn.. 2d w* July
3 ,0 3 5
77,943
2,724
279,186
297,359!
; Hav, Am. A Mon Ju ly..........
47,0 74
31,924
717,774 : 8ay.Fia. A West. June
Eyansy. A T. fi. « b w » J u iy :
3 8 .6 0 4
39.330
773,305
1,552.427* 1,653,202
EUohborn.............Jane .. .
7OV201 053*149 3,684,131 3,533,3 il> ; Silverttn............ Joiy .........
39.100
29.62)1
6.600
*to] 800
61,2*2.5 1,705.007 1,083.0 <3 I Sioux C ltyA K o. M a y ..........
FU:*t A P..Mar*i Hb*wk:uly
05..009
157,805
150,750'
30,742
28,570
Floreno#........... >i *,.v. ____
12.031
70.2«:t
17.303 ! South Bound___ J u ly ...
1,023
98,127
132,921
18,000
14,500'
5)7,667
F I .O b LAP,* *■ Ju ne........
09.088
8o, Paclfle Co.—
I
FEW . A RSu *: * J.-.,.- .. ... 23,934.
194.350
21,230
212.240
3t9,613 324,592 2,101,701 2,008,149
Gal. Bur.A 8. A .Tune ...
G ads.A Air U July .......
890
480,717
1.466
74,665
805,347
88.337
Louta’ a West, June ..
788/273
G eorcla Kit, .. . **,** . . . .
80,092 103.235
7 17.604
397,920 356,273 2.594,7.-9 2,319,823
Mor«an'sI-VT. June ..
S x C K - t i V X,
May. ____
34,289! 17. >10 201,021
SS.SflO
9.8.074
10,021
i
113,560
21,514
N .Y .T .A M cx June ...
4*38.350
737,585
Geo. So. ■%; ■
*.
its.ool
01,770
4 40.881
9*2 7.211
141,128 120,243
T ex .A N .O rl J u n e ..
20,096
4.0! 3
19,441
5,815,900
8eor,i«t*nA W*
i . ..........
i.t.io
901.479
6,434,92*2
974,824
A tiant(o»y*.d. J UM .
121,342
G.Bay W. A St. P. .Mail :* . .
45,042
Pacino syatem J u n e ........ 3,038,900 3,058.993 16,725,098 1*1.265,734
270,9*74
260,21*2
C tn .K .A i kW. Ub wkJuly
11,*40
ii',606
Total o f a ll.. J u n e ........ 1,012,824 3.960,473 43,100,620 22,111,034
I3).r*41
5,090
125,440
O tter lines., itbwkJnly.
4,981*
CoMUJirtCal,* iM a y .
903,570 809,405*. 4,243,981 3,779.585
Total *t» line*. >MbWkJtHyi 74,017*
65,123' 1,733.403 1,807,128
SoiLDir.iCal.)
788,043
OTaortProitk..
» i \uk. a 401.450 392.500 11.331.156 11,20),953
891.2*25
107.320,
1 64,727
M ay.
Arixona
l.M
.*
.
4 , 0.5i 9
59, *44 1,084,095 2,168.323
Ckfc, A Or. Tr. Wk Jni?2 •: 77,938
426.999
88.439*
77,472
New
Me
x
191».
-May.
6 55.555
ft iU li.fi.A M Wk July‘39*
30.656
21,1-54
017,442

(

Great N orth 'n 8t- P. M. A M.
East, of Mina
Montana Cent
Tot. system.
G r.R ap.A Inil...
Gr. P.Wal. A Br.
Gulf & Claloago.
H a rw itie .......
Hoos.Tun.A'.vi!
H ops E.AW.Tex
Eumest’n AShen
Hutofc.ASottth'n
Illinois Central
ind.D«>c..v- West.
tn.A G t. North’ll
;interoe. (M et..
bin.*. Central,
trou Railway.
Kanawha* Mich
Kan C. 01. A Sp
K.C.F.S.AMcm
K.C.Mem.A Bir

THE CHRONICLE.

254
Latest Earnings Reported.
K O A D 8.

Week or Mo

J a n ,1 to Latest Dale.

1892-3.

1891-2.

$
7,743
89.800
8,616
116.723
2.742
110,561
96,108
206.968
89,731
4,717
26,577
33.773
1M.943
57,670
2.058
36,852

$
12.836
496
766.554
82.118
45,924
7.386
121,916
456,126
2,720
9,016
652,301
99,981
553,240
SO.585
186,569 1,205,537
108,446 3.732.548
5,617
30.867
339,004
19,655
43,115 1,1* 5.422
17.448
532,744
72,310 1,019,113
2,177
6,641
33,272
140,358

1892-3.

$

South* Nor. Car. M ay ... .
South Carolina.. Ju ly----Spar. Un. A Col. M a y ....
Staton Isl. R. T. June ....
BtonyCl.ACMt.. May----Summit Branch. Tune....
Lykens Valley June —
T ot’l both Co’s June —
Texas & Paciflo. Istw k Aug
Tex. S.ValAN.W July..........
Tol. A. A.AN .M . 2d wk Apr.
Tol. A OhioCente Istw k Aug
Tol. P. A West.. TthwkJuly
Tol. 8t.L .A K.C. lth wk July
Tol. A fio. Haven A pril........
Ulster A D el— M ay..........
Union Paciflo—
Or.S.L. A U. N. May........... 6 IS,202 585,709 2,539,369
Or.Ry. A N.Co. M ay.......... 343,567 340,936 1.517.549
U. Pac. I). A G. May........... 499,962 511,691 2,309,064
676,053
22,827
20.148
8t.Jo.AGd.Isl. 4thwkJuly
A ll other lines. May........... 1,732.398 1.740,740 8,282.902
T otU .P Sys. May........... 3,320,176 3,260,373 15,209,673
92,027
463,170
80,483
Oent.Br.AL.L. May......... .
323,077
90,808
Montana U n.. M ay :......... 101,833
11,214
2,025
2,266
May...........
Lea v. Top. AS.
4,195
18,268
5,085
Man. Al.A Bur. Mav...........
Gr’nd t o ta l/ May........... 3,455,251 3,400,91515,849,123
41,298
14,850
16,698
Vermont Valley March.......
W abash............. Istw k Aug 264,000 297,000 7,927,55°
5,502
47,562
8,926
Wab. Ches. A W. J u n e . ..
765,633
167,707 151,607
West Jersey....... J u n e . ..
83,583
702,087
89,449
W.V.Cen.A Pitts July ...
30,190
156,258
39,309
West Va A Pitts. M ay. . . .
117,281 104,715
682,771
West. Maryland. July___
2,112,505
101,800
103,600
4th
wk
July
W est.N .Y. A Pa
920,021
28,465
23,339
Wheel. A L. Erie istw k Aug
8.001
2.533
1,739
Wil.Chad.ACon. M a y ... .
291,997
44,624
60,645
Wil. Col. A Aug May. ...
6,600
6.205
Wrifirhtev. A Ten March..

4 th week o f July.

1891-2.
5.199
735.337
43.796
459,133
8,519
646.282
497.871
1,144.152
3,554,838
27,046
280.265
1,077,832
544,220
1,146,118
7.837
134,429

Louisville <fc N ashville...
Louis. N. A lbany A Cliio.
Minn. 8t. P. A B. Ste. M..
Mo. Pacific A Iron M t___
New Orleans A Southern
N. Y. Ontario A Western
Rio Grande Southern___
8t. Joseph A Gd. Island..
St. Louis A lton & T. H.
Can Fran. A No. Pacific.
Toledo Peoria A West’ D..
Toledo St. L. A Kan.City.
Western N. Y. & P en n ..

[V ol. LVII.
1893.

1892.

$
126,031
511,710
93,135
108.896

S
129,810
583,266
88,119
137,078
47.836
151,778
275,083
825,690
1,733
125.403
17.133
19.791
20,148
32,090
33,012
184,561
17,418
72,310
101,800

127,884
196,681
617,962
1,730
134,915
16,725
8,166
23,827
36,900
25,873
165,799
18,943
57,670
103,609

Increase.
$
5,016
3 ,6 6 1

9.512
2.679
6,8 i0
1,495

Decrease.
$
3.77971,556
30,182
23,894
78,402
207,728
S
406
11,625
7.169
18.762

14,640
1,800
2,626,842
1,548,841
Total (71 r o a d s ).......... 8,855,365 9,641,324
178,268
964,227
2,199.917
645,731
Net decrease <8-15 n.o.)
............... ...
. . . . . . .
785,959
8,500,764
* Includes Colorado Midland in both years.
15,320,742
495.646
Net Earnings Monthly to Latest Dates.—The table fol­
450,519
15,691 lowing shows the net earnings reported £liis week. A full
16,732 detailed statement, including all roads from which monthly
16,057,86 L
40,709 returns can be obtained, is given once a month in these
7,894,361 columns, and the latest statement of this kind will be found
34,397 in the C h r o n i c l e of July 22. The next will appear in the
711.647 issue of August 19.
630.193
,-----Gross Earnings.----- v ----- Net Earnings.------.
119,185
1893.
1892.
1893.
1892.
566.265
Roads.
$
$
$
$
1,917,849
Den.
A
R.
G
ran
de.b
June
747,189
775.285
316,007
315,841
837.576
Jan. 1 to June 30___ 4,308.434 4,212,528 1,778,219 1.708,152
11,956
July 1 to June 3 0 ___ 9,317,647 8,830,947 4,035,562 3,709,354
359.525
G eorgia................ a . July
80,892
103,235
3,713
14,746
Jan. 1 to July 3 1 ---747.608
798,273
116,100
106,707
* Includes Colorado Midland in 1893 and 1892 both for the week and Illinois C en tra l...a June 1,952,406 1,605,825
793,771
404,428
tile year to date.
Jan. 1 to June 3 0 ___ 9,900,831 9,116,148 2,948,134 2,115,097
t Includes Milwaukee A Northern for all periods.
July 1 to June 30. ..20,095,191 19,291,760 5,811,257 5,221,740
a Figures cover only that part o f mileage located in South Carolina.
331,160
325,523
"111,013 "118,203
b Earnings given are on whole Jacksonville Southeastern System. Mexican National. ..June
Jan. 1 to June 3 0 ___ 2,218,495 1,930,656
*796,225
*626,587
t The business o f the Lehigh Valley and Lehigh A Wilkesbarre de­
partment s is included in 1893. d Includes earnings from ferries, etc., Minn. A St. Louis, a .. June
178,191
60,088
166,547
49.688
not given separately. 1 M exican currency, e Tol. Col. A Cin. included
334,827
Jan. 1 to June 3 0 ___
859,708
907,272
262.512
for the week and since Jan. 1 in both years. / Includes only half of
798,433
July 1 to June 3 0 ___ 1,974,498 1,985,033
706,813
lines in which Union Pacific has a half interest.
84,403
Philadelphia A Erie.. June
558,591
212,973
419,927
Jan. 1 to June 3 0 ___ 2,551,039 2,326,748
847,690
636,689
Latest Gross Earnings by Weeks.—The latest weekly 8an F ran.A N .Pac.a..July 76,237
39,575
86,407
27,997
127,885
Jan. 1 to July 31___
460,718
463,744
126,684
earnings in the foregoing table are separately summed up as
281,125
302,055
Wabash, b .................. June 1,190,597 1,123,025
follows:
Jan. 1 to June 3 0 ___ 6,513,559 6,482,060 1,363,525 1,355,181
Our preliminary statement of earnings for the first week of
July 1 to June 3 0 .... 14,220,444 14,339,331 3,412,839 3,556,804
August covers 24 roads and shows a loss of 11*76 per cent.
West Vir. Cent. A P.—
25,975
J u ly .............................
89.449
83,583
23,281
week o f August.
Increase. Decrease.
1892.
367,622
1893.
420,480
July 1 to June 3 0 ___ 1,163,985 1,113,767
262,644
Jan. 1 to July 3 1
702,087
630,193
216,672
$
$
%
$
55,927
55,447
480
Balt. A Ohio 8outhwest.
a Net earnings here given are after deducting taxes,
Brooklyn E levated..........
29,307
31,876
2,569
b Net earnings here given are before deducting taxes.
72,787
64,721
8,066
Buffalo R od). A P itts___
* After deducting other expenditures for repairs, replacem ents and
419,000
416,0U0
3,00*.
Canadian Pacific..............
geueral expenses, net incom e applicable to interest on bonds in June
198,250
223,36'.
25,110 was $66,796, against $97,422 last year, and for six months $426,268,
Chesapeake A Ohio.........
Chicago Milw. A 8t. Paul.
658,331
574,415
83,886 against. $458,727. M exican dollars are trea ted as equivalent to 8 0
97,300
Denver A Rio G rande...
181.300
84,000 cents United States m oney, and all depreciation beyond 20 per cent is
60,292
Intern’l A Gt. NortlTn...
52,811
7,481 charged in the above items.
31,033
Iow a Central....................
32,769
1,736
4,555
L ong Island......................
146,640
Interest Charges and Surplus.—The following roads, in
142,085
M exican Central..............
141,893
132,287
9,606
addition to their gross and net earnings given in the foregoing,
M exican National............
70,756
82.097
li,3 4 I
Mo. Kansas A T exas.......
147,277
185,229
37,952 also report charges for interest, &c., with the surplus or deficit
Mo. Pac. A Iron Mt..........
380,000
503,000
123,000 above or below those charges.
New O rkans A South’ll..
1,883
1,790
93
r—Inter’t, rentals, die.—. r-S al, o f Net E arns.—.
New York Ont. A West’n.
8*4,722
74,820
9,902
1893.
1892.
1893.
1892.
Norfolk A Western..........
203,973
213,985
10,012
Roads.
$
$
$
$
Pittsburg A Western Sys.
44,055
46,325
2.270 Denver & R io G r..-.J u n e
219.978
211,374
96 029
104,467
29,000
Rio Grande Western.......
38,000
9,000
July 1 to June 3 0 .... 2,633,253 2,795,241 1,402,309
914,113
Bt. Louis Southweat’n ...
76.620
89,380
12,760
Texas A Pacific...............
89,731
108,446
18,715
Toledo A Ohio Central...
33,773
43,115
9.342
W abash..............................
264,000
297,000
33,OuO
A N N U A L REPORTS.
Wheeling A Lake Erie ..
28,465
28,339
126
Total (24 roads)___ . . . . 3,273,648
Net decrease (11-76 d. o.L

3,709,994

35,828

472,174
436.346

San Francisco & North Pacific Railway.
( F o r the y ea r en d in g J u n e 30, 1893 )
For the fourth week of July our statement covers 71
The annual report of this company is promptly issued for
roads, aDd shows 8*15 per cent loss in the aggregate.
the year ending June 30, 1893.
From the income table it will be seen that the surplus rev­
4 lh week o f July.
1893.
1892.
Increase. Decrease.
enue for the year ending June 30, 1893, was $61,745, against
$81,007 for the preceding year. This is not due wholly to a
$
$
S
Previously rep’d (21 r’ds) 3,576,815 3,740.287
98,056
261.528 decrease in the earnings. The gross earnings for the past
▲tch. Top. & ban. Fe Sys*
981,243 1,086,922
105,679 year were only $10,194 less than the preceding year, and in
St. Louis A San Fr. 8ys.
267,174
278,300
11,126
analyzing the traffic receipts as compared with the preceding
Buffalo Booh. A P iU sb’g.
105,630
89.421
16,209
Burl. Ced. Rap. A North.
79.655
94,979
15,324 year it is apparent that the slight decrease in the passenger
Chicago A Gr. Trunk___
77,938
58,944
18,994
receipts is not attributable to any local effect, but to the
Chic. Peoria A St, Louis.
32,842
35,439
2,597 general business depression and naturally large travel to the
Chicago A West Michigan
49,689
49,636
53
Cin. Jackson A Mackinaw
18,738
19,318
580 World’s Fair. The camping, stage and excursion travel has
Cin. N.O. A Tex. Pac.5 rds
241,068
289,547
48,479 been as heavy this year as it was the preceding year. The
Oleve. Akron A Columb
23,901
24,223
322 diminution in freight traffic is largely explained by the
Clev. Cin. Chic. A St. L
409,838
425,496
15,658
Peoria A E astern ........
52,965
53,525
560 shrinkage in basalt block and tan-bark shipments. Notwith­
Cleveland A M arietta....
7,742
7,592
150
standing the decrease in gross revenue, had it not been for
Current River..................
2,021
4,263
2,242 extraordinary expenses of a betterment character (which
Detroit Gr. Hav. A Milw.
20.656
21,154
498
might have been debited to capital expenditure instead of
Detroit Laneiug ANorth.
27.195
26,149
1,046
Duluth 8. 8. A Atlantio...
80,313
72,193
operating expenses), the net earnings for this year would have
8,120
Flint A Pere Marquette).
65,889
61,225
4,664
compared favorably with last.
Grand Rapids A Indiana.
57,797
61,822
7,025
There has not been any change in the amount of the capital
Cincinnati B- A Ft. W ..
U .810
14,606
2,766
Other lines......................
4,931
5,696
715 stock, but the bonded indebtedness of the company has been
Kanawha A Michigan---9,056
9,857
801 increased during the present year $30,006. This issuance of
Kan. City Clin. A Spring.
5,433
5,856
423 first mortgage bonds was for an additional 3 '27 miles of lateral
85,024
Kan. City Ft. 8. A M em ..
108,493
11,469
Kansas C. Mem. A Birin.
20,810!
22,512
1,702 track constructed below Guerneville and placed in operation
Keokuk A Western..........
8,330'
9,341
............
961 in the Fall of 1893. This extension, necessary to reach the
93.785'
Lake Erie A Western.......
99,403
5,624 large belt of redwood timber, was made in accordance with

iTHE CHRONICLE.

A va csr 13, 1893.]

a contract with the Sonoma Lumber Company, and will
greatly accelerate the shipments of forest products, a s t h e
redwood belt thus reached will furnish heavy traffic for s e v ­
eral years.
The statistics for three years have been compiled for the
C h r o n i c l e as follows:
KABNINOS, EXPENSES
1889-90.
16*2
SarruHi/e—
8
3 9 0 ,4 5 5
P a sse n g e r.............. ..............
3 29,071
F reigh t................................ .
Mail, express and mlsce!
45,768
Mitaa o p e r a t e d ..................

T o t a l............................... .
O p e ra tin g e x p e n s e s .........

Set earnings....................... .
In te re s t on b o n d s .............
Sinking fund........................

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

AXD CHARGES.
1891-92.
1390 91.
162
165
$
$
4 3 3 ,0 9 0
4 1 6 ,4 * 9
3 0 2 ,- ;
3 9 9 ,2 5 9
5 4 ,1 2 3
53.3 34
8 3 2 ,6 4 8
5 44 ,46 3

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

1892-93165
*
4 3 1 ,5 0 1
399.874
54.9 02
876 .27 7
5 7 8 ,2 6 2

2 2 9 ,5 1 0

2 8 8 ,1 8 4

3 1 1 ,4 2 0

2 9 7 ,01 5

2 0 2 ,7 7 9
2 5 .0 0 0

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

2 0 5 .4 1 2
2 5 ,0 0 0

2 1 0 ,2 7 0
2 5 ,0 0 0

2 3 5 .27 0
2 2 7 ,7 7 9
2 3 1 ,6 3 3
2 3 0 ,4 1 2
T o ta l...............................
1.731
5 6 ,5 5 1
81,0 08
61,745
B a la n ce , s u rp lu s ......... .
OKSERAL BALANCE JttJNK 30.
1892.
1890.
1891.
1 893.
AiU'fsV
■8
*
8
1
0,1
8
1
,8
3
2
1
0,3
2
7
,1
9
3
1
0,3
7
5
,9
3
2
1
0,4
3 7 .0 9 6
Hoad and e q u ip m e n t----36,5 4 3
Materials. 4 c „ on hand.
37,683
42,3 19
4 0 ,3 * 6
2 6 ,3 0 7
2 5 ,7 4 3
2 3 ,6 1 0
Fund to redeem bond*
2 5 ,5 2 8
2 3 0 ,0 3 1
103.062
25,1 58
Cash and inteeel. a ceta — ,
9 3 ,0 0 0

Total assets...............10,*75,345

TAabUiltes—

255w

1890, $1,000,000, The total amount issued and listed by the
Exchange to date is $7,716,000, leaving a balance in the com­
pany's treasury of $2,284,000. The issue of this balance of
the company’s capital stock has bsen duly authorized by the
Board of Directors, and the company now applies to the
Governing Committee of the Stock Exchange to have the
same regularly listed, making the total amount listed §10,000,000.
T h e ea rnings o f the c o m p a n y fo r 1S92 w e r e ......... ....................$ 1 ,8 9 0 ,3 7 7
W orking e x p e n se s l o r 1 39 2 w e r e ..................................$ 7 6 2 ,5 1 3
Interest.............................................................
2 3 ,2 7 6
D iv id e n d s............................................................................... 5 4 0 ,1 2 0 1 ,3 3 0 ,9 0 9
B alance tra n sferred to Che reserve f u n d .......................................

c~Quar.en4.June 3 0 . - ,
1 89 2 .
1 89 3 .
S
$

1 0 .i2 0 .2 8 0 1 0 ,5 1 1 .9 9 1 10,596,010

1 .6 4 5,31 8
Capital stock.................. 8,000,000 0.000,000 6,000,000 6.000.000 Grow earning*......
1 ,3 5 0 ,4 4 4
Bonded d e b t ........................ 4,176.000 4,130,000 4,121,000 4,188.000 O perating e xp e n se s
A d v a n ce * ..............................
167 ,33 4
Net earning,......... 491,901
'm 30P
76*000
lOj'.fKK.
S in k in g fu n d p a id ...................................
S o p p lfw , pay-roIU . A c . .
5 3 ,7 1 0
A n glo -C a liforn ia B a n k ..........................

3 0 ,5 0 7
50,961

59,452

....................................
183,154
88,92 i

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

$ 5 5 9 ,4 6 7

The application was approved and the additional stock listed.
Detroit Bay City & Alpem.—While this road has showed
improved earnings as compared with last year it is stated that
the earnings have been applied to meet floating indebtedness
and the company was obliged to make default on the coupon
due July 1 on the first mortgage bonds. The interests of the
bondholders are being looked after by Messrs. Drexel, Morgan
& C o., who in expectation of a default ou the previous coupon
in January last then received the asaaata of a majority
interest.
Fitchburg.—This road reports for the quarter and year
ending June 30 as follows :

t o t , t a x e s a n d r e u ta ls ...

3 0 7 ,2 1 4

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

1 27 ,69 0

1 .9 6 6,41 7
1,3 9 0,01 2

c - Y e n r e n d e d J u n e 3 0 .- ,

1891 9 2 .
$
7 ,3 1 6 ,8 0 5
6 .1 1 2 ,6 9 7

1892-S.
$
7 ,7 0 7 ,2 9 8
5 .5 4 2 ,6 8 9

576.105

2,236,108

2,164,609

3 0 7 ,9 0 1

1 ,4 4 9 ,1 2 5

1 .4 6 4,82 3

208 ,50 1

7 8 6 ,9 8 3

0 9 9 ,7 8 7

Florida Central ft Peninsular.—The statement telegraphed
Net re v e n u e a c c o u n t .___
1 5 ,3 6 3
from Jacksonville last week that the Florida Central ft
Peninsular Railroad Company hail been gold is unirue. The
T otal lia b ilitie s ........... 1 0,1 7 5 ,3 1 5 1 0 ,4 2 0 ,2 9 0 1 0 ,5 4 1 ,9 9 4 1 0 ,5 9 6 ,0 1 0
Florida Central ft Peninsular Railroad Company is rapidly
completing
its extension to Savannah, and on Oct, 1 it will
Minneapolis ft St Louis Railway.
assume control of the South Bound Railroad from Columbia
(F u r the year ending June 30, 1893.^
to Savannah, thus forming a short line in connection with the
The preliminary report for 18»d-93 furnished to the C h r o n ­ Atlantic Const Line and the Richmond ft Danville systems be­
i c l e shows r e m i t s a s below :
tween Tampa, Ocala, Jacksonville and Savannah, Washing­
EA.RXINO# tm > B rin g * g*.
ton and New York.
1 89 3 -9 0.
1890*81.
1801-92,
1892 93.
Lehigh VftHey-Pbiladeiphia ft Reading.—On the 8th insfc,
*
8
*
1,9 7 1.49 8 the Lough Valley Railroad Company, by permission of Judge
E a r n i n g * ......................................... 1 . 5 0 7 . 1 2 4
1 ,8 0 5 , 3 6 1
1 ,9 8 3 .0 3 3
Operating e x p > A t a l c . 1.001.95U 1,069.140 1,186,600 1.2 6 7.68 5 Dallas, of the United States Circuit Court, terminated the
lease to the Reading Railroad Company entered into Feb, 11,
N et e a rn in g - ................... 5 0 5 ,1 7 1
5 3 0 ,2 1 8
7 9 9 ,4 3 3
7 0 6 ,* 1 3
1802. This action was taken in view of the continued default
INCOM E ACCOUNT.
on the part of the Reading Coal & Iron Company in the pay­
1889*90.
1 8 9 0 -9 1.
1891 3 2.
1 892 93,
ment of the sums due under the contract between the Ldiigb
BeeapU *
8
9
s
Net earning*. ..............
505.171536.219 798.133
706.-13 Valley Coal Company and the Reading Coal & Iron Company,
O th e r In co m e .......................... 1 0 6 ,9 0 7
1 1 5 ,2 5 9
1 2 7 ,2 0 2
139.361
President Elisha P. Wilbur, of the Lehigh Valley Railroad,
was discharged at his own renii- st from the position of Re­
T o t a l .............................
612 ,01 1 0 5 1 .4 7 7
6 2 5 .6 3 5
81*..171
ceiver of the Reading Railroad Company, and John Lowber
D ed u ct —
R e n ta l* ...................... ..............
6 2 ,2 8 1
65,02.5
6 1 ,7 9 7
62,57.1
Welsh was appointed his successor,
A meeting of the Lehigh Valley Company directors was
B a la n ce , surplus............ 5 4 9 ,7 6 0
5 8 6 ,4 5 2
8 6 3 ,8 3 9
7 8 2 .6 2 0
In 1899-80 paid Interval 6312.973; in 1990-91. $217,960: in 1891-92- held at the company's offices in Philadelphia, and at its con­
*35,575; In 1892-93,*1,200493. Amounts paid in addition f..r r..n clusion a circular was addressed to the stockholders of the
• m in io n , equipment, t k . ; In 1BOO-01, * 2 6 9 ,2 9 1 ; In 1691-92, 92 5 5 .2 7 3 ' Lehigh Valley Railroad Company, which, among other things,
Ml-ts-nanewaa...............

62 .*>8

1 ,513
7 1 .9 1 7

906
152 ,92 4

2 .1 1 7
2 1 4 ,68 9

in 1692-93. *302,776.

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

said:
NEW S.

Baltimore A Ohio.—The gap between Morgantown, W,
Va„, and Union town, Peon., has been closed up by the com­
pletion of the extension of the State Line railroad from
Uniontown to die West Virginia State tine, where connection
is made with the Fairmount Morgantown & PtOaburg. The
two roads were consolidated this week. They are control led
by the Baltimore ft Ohio and will give the latter an air line
from Pittsburg to Central West Virginia, developing a valu­
able coal, coke and timber region.
Called Bonds.—The following bonds have been called for
payment;
West Jersey ft Atlantic R.R.—Bonds of 1880, numbered
188, 208, 340, wiil be paid Aug. 10, interest ceasing ou that
date,
Canadian Pacific,—It is announced that by September 15
the Canadian Pacific Railway will have completed a connec­
tion between its mam line and St. Paul, Minn., via the Minne­
apolis St. Paul & Sault Ste. Marie RK.,and after that date its
th ro u g h passenger trains will run from Vancouver via St,
Paul, Duluth and Sault Ste. Marie.
it is also reported that the Canadian Pacific Railway will take
possession of the Montreal & Western and commence operat­
ing that road as far as St. Jovitte on September 1 next. The
new line is now completed to St JoviUe, a distance of 51
miles from St, Jerome,
Chicago ft Texas—Brand Tower ft Cape Girardeau—
Brand lower * Carbondaie,—The Chicago & Texas baa been
organized to absorb the Grand Tower & Cape Girardeau and
the Grand Tower ft Carbondale, two small connecting roads
in Illinois, Bonds and stock to the amount of |2,51)0,<KH) each
have been authorized.
Commercial Cable Company.—The authorized cax’dol
stock of this company is Si0,OOO,o«), of which amount there
was listed on September 2 i, 1883, $6,716,000, |and on May U,

f a view »t tb e « ,n tu r n e d d e fa u lt o s tlse p a rt o f th e PMifvIftlpilift A,
B eading Goal & to r n C om p a n y In tin p a ym e n t o f th » w i n d u o u n d e r
U»e c o n tr a c t d tie d F eb ru a ry 11 . 1 8 42. b e tw e e n th e L eh igh Valle* C o a l
Com pany amt the P hU ailrlphia A R e a d in g Coal A ir o n C o m p a n y ,t b e
Lehigh V alley C oal C om p a n y this d a y .tenU red n.iiit e o n tr a o t lerin iii3K-«l; it b e in g p ro v id e d M i b # term * o f th e learn o f tlio frio ig h V a lle y
R ailroad C om p a n y t o th e P h ila d e lp h ia ,v H eading R atlroa t Onmnau v,
that if - hit a gre e m e n t b e tw e e n the <•m l com p anion should b e term i­
nated f o r n o f r e a s o n w h a te v e r, th en th a t th « le a -o o f t h e ra ilro a d
should. a t io r o p iu m o f tb e Lehigh. V d ie y K iu lro 1 1 C om p a n y , b e a lso
at o o r « term in ated , your b o a r d h a v e this d a y e x e r cise d w ild op tio n .
“ T h e B e a r d d»-«lro* h> <-u’.l the a tten tion o f thn sto c k h o ld e rs o f th e
co m p a n y t*> th e ta c t th a t th e resu m p tion b y this <• m ip a n y o f its p r o p ­
e r ly b i* been e ffe cte d a t th e nso*l fa v o ra b le p e r io d in th e y e a r t o r
•uch resuinptlnn. tbe lament business of the company nnd tne heaviest
receipt* bein g those o f th e a u tu m n » e « o n . ami th a t, b y th e c o m p le ­
tion o f th e c.in p a n V * line* to B u ffa lo an d N ew Y o rk , it is in a p o sitio n
to handle su ch traffic t o b e lt e r e ffe ct th a n e v e r in th e p tSS, T ile float­
in g d e b t o f tb e e o m p n n y ha s been g r e a tly re d u c e d b y th e p a y m e n t o f
a la rge p a rt th e re o f In ■- tab. an d b y th e fu n d in g o f a p a ri in to b on d s,
ai . u the fu n d in g o f tb e b a la n ce ha s o n ly b e e n d e fe rre d fro m an m iwIMItignt- •* to d isp o se o f tire c o m p a n y '* s e cu ritie s at a tim e w h en tb e
m a r k s '- w ere u n fa v o ra b le f o r th e p la c in g at s u ch secu rities, e x c e p t a t
a raeriflfw,
" A t th e p re se n t tirno tin- c o m p a n y h a s In Us p o sse ssio n first m o rt­
gage iKind* on tte c o a l a n d ra ilro a d p ro p -flie s a m o u n tin g to $ 1 4 ,0 0 0 ,0 9 0 a t p a r, and o t h e r a v a ila b le asset*, again** w h ich th e j o in t tota l
ottH la n d in * lia b ilitie s o f the L eh igh V a lle y R a ilro a d C o m p a n y an d
o f the L eh igh V a lle y Coal C om p a n y a r e less than * 4,000.000.
" I t in o f co u rs e p ro b a b le th a t circu m sta n ce * neO M M rilv a tte n d a n t
o s the ics iiro p tlo n o f o n r p ro p e rty a t a p eriod o f e x tra o rd in a ry finan­
cial s tr in g e n c y m ay r . s n l t l n a r e d a c t io n o f d ivid e n d * , b u t it Is h o p e d
It w ill be o n ly te m p o r a r y , a n d th a t at a n e a rly d a y the h e a lth y co n d ltlon and e a rn in g c a p a c ity o f y o u r p ro p e rty w ill bo p ro v e n to y o u r
e n tire natlsfaetton.'’

The petition of tire Lehigh Valley Co, wa* based on the fac6
that the Philadelphia & Evading Coal ft Iron Co. defaulted
in its pay men t for the ooii both ia January and February last,
and that on March 20 last there was due the Lehigh Valley
Coal Company the sum of $968,7133 03. That promissory nates
were given by the Philadelohta ft Reading Coal & Iron Com­
pany to the L -high Valley Coal Gunp lay for $70,),030 of the
amount go due and unpaid, but that all of the notes are long
since overdue and none of them paid, so that the gross amount
is owing lo the coal company.
The receivers of the Poiladelnhia & R lading Railroad Com­
pany and the Philadelphia & Reading Coal ft Iron Company

256

THE CHRONICLE.

[V ol. l v it .

answered the petitions of the Lehigh Valley Company assent­ able bond to the Association for the faithful performance of bis duties ;
(3) this Board of Control sball be empowered and it shall be its duty to
ing to the abrogation of the lease. They say: “ The said re­ have
cognizance of and to regulate tlio price and the manner of pur­
ceivers anew, ing admit the truth of the averments of fact chase of all fibre used by the manufacturers of the Uulted States belong­
contained in said petitions, and particularly that they have ing to this association; (4) this boatd of control shall have the power,
it shall be its duty to fix the prices of all manufactured products,
been and are unable to make payment of the sum of $968,- and
and to provide suob a system for the
sale of such pro­
768'63 for coal purchased by the Philadelphia & Reading Coal ducts as will necessarily exolude the cutting of prices
& Iron Company prior to the appointment of the receivers, and the giving of rebates in the trade; (5) this hoard
for which demand has been made by the Lehigh Valley Com­ shall have the power and It shall be its duty to judge of violations of
the constitution and by-laws of the Association, and to impose fines
pany, as stated in its said petition, and said receivers are and
penalties when necessary for suoli violations; (6) the hoard
unable to deny that, under the terms of the contracts referred shall have the power to judge of the q lality of all raw materials and
to in said petition, the Lehigh Valley Coal Company and the of all manufactured products, to condemn or to approve the same,
and to require at least a standard of excellence required by foreign
Lehigh Valley Railroad Company have the right to end the nations
in the perfection of our manufactured products. But neither
same and to exercise the right of entry, as in said petition set the board nor the Association should have the power to limit the
product, or to aid, directly or indirectly, in the sale of the. products of
forth.
manufacturer beyond fixing the prices and classifying the goods
“ The receivers further show that having given careful study anyspecified
ab ove; (7) it should be the duty of the Association to take
to the question of the probable profit to be derived to the in­ as
into consideration anil to provide for the enactment of such measures
terests in their charge from a continuance of the contracts and laws as may be necessary to meet the ends of this As-ociation, to
with said petitioners, they have reached the conclusion that promote its harmonious growth and welfare, and to secure the protec­
it cannot be anticipated that the results of such operation will tion and prosperity of the great cordage Industry of this country.
After discussion by other manufacturers, the following reso­
enable them to provide a fund sufficient to meet the accruing
rental upon the railroad and demised premises and also pay lution was unanimously adopted :
E f S o L te d , That in view of the disorganized condition of the cordage
the arrears due for coal purchased prior to the appointment of
trade, it is the sense of this meeting that steps should at once be taken
the receivers; and as the receivers are advised that under to
place the business upon a more stable and profitable basis, and that
the contracts referred to the Lehigh Valley Coal Company is with
that end in view, and in order to effect concert of action in the
entitled to demand immediate payment for said arrearages, trade, a committee be appointed to devise plans, to confer with con­
and in default thereof to peremptorily rescind the said agree­ cerns not here represented, and to submit the result of their action
an adjourned meetiue; and that said committee shall consist of five
ment, and that thereupon the said railroad company is enti­ at
and that they be appointed by the chairman.
tled to end and terminate said lease, the receivers, therefore,
The
National Cordage Company was not represented, nor
assent to the prai er of the said petitions and such order as
were the Tubbs nor Fitter companies represented at the meet­
your honorable Court may make in the premises.”
ing.
The meeting finally adjourned to meet again at the call of
Missouri Kansas & Texas—International & Great North­
ern.—At Galveston, Tex., for several days,the attorneys for the the President for the purpose of making this a permanent or­
M. K. & T. R. R. Co. and the International & G. N. were be­ ganization. It was also resolved that an invitation to attend
fore District Judge Stewart for the purpose of arguing the the next meeting be extended to those interests which were
motion for a temporary injunction restraining the Interna­ not present.
With reference to the non-representation of the National
tional & Great Northern road from interfering with the
contract entered into bv the M. K. & T. with the Galveston Cordage Company at the meeting of cordage manu­
Houston & Henderson Railroad to transport its trains to and facturers in the office of the John Good Company
from Houston. The argument of counsel developed the fact the E v en in g P ost reports that it was said authorita­
that the M. K. & T. intends attacking the validity of the 99 tively that “ the entire meeting, including Mr. Good,
years' lease under which the International is operating the represented an ownership of not more than 1,000 of
Galveston Houston & Henderson road, and that in return the the 30,000 spindles engaged in the industry. The
International people will attack the organization of the Mis­ National Cordage Company owns about 6,200spindles, and the
souri Kansas & Texas system and dispute its right to do busi­ remaining 2,800 are divided between four comptnies, as fol­
ness in Texas, claiming that the M. K . & T. of Texas, which lows: Edwin H. Fitler &Co. of Philadelphia, 800 spmdles; the
owns a majority of the stock of the Galveston Houston & Tubbs Company of San Francisco, 500 spindles; the Pearson
Henderson, has no legal existence and is owned andf controlled Company of Massachusetts, 900 spindles, and the Plymouth
by the Missouri Kansas & Texas Railway of Missouri, a foreign Company of Massachusetts, 600 spindles. These four compa­
corporation, and that the contract entered into by the M. K. nies were unrepresented at the meeting yesterday. They are
the ODly companies outside of itself that the National Cordage
& T. with the Galveston Houston & Henderson road is void.
On the application of the International’s attorney Judge cares anything about, or wishes to combine with. A combi­
nation with them is exceedingly probable. It is likely that
Stewart granted a further postponement until the 14th inst.
the first thing the reorganized National Cordage Company
National Cordage.—On account of the continued stringency will do after leaving the hands of the receiver will be to take
of the money market the Reorganization Committee of the steps to bring about this consolidation. It will then control
National Cordage Company has decided to extend to assent­ about 90 per cent of the industry.”
ing stockholders the option of postponing the payment of
Norfolk & Carolina.—The earnings for twelve monthsend­
their second contribution, now due on August 10, until and
including August 25, provided those who exercise this option ing June 30 have been as follows:
1892.
1893.
In c.
pay interest on such postponed payments at the rate of 6 per
$
$
cent per annum. The committee announces that steady prog­ Gross earnings................................
365,518
5 4 ,8 9 3
ress is being made in the perfection of unincumbered titles Operatinga expenses................... ...................230 ,8 4 7
256,681
25,8 3 3
to the various properties, the cancellation of sub leases,
Net................................................
108,837
2 9 ,0 6 0
the adjustment of accounts and liabilities, and in the arragement of other matters preliminary to and forming a nec­
Railroads in New York State.—The following have been
essary part of the reorganization and of the security for the filed with the Railroad Commissioners at Albany :
proposed readjustment of all the interests concerned.
S E W Y O R K CH IC A G O A ST. L O U IS.
Some of the cordage manufacturers of the United States
e—Q u a r . en d . J u n e 3 0 .—
S i x m o s .e n d . J u n e 3 0 .—%
met this week at the office of the John Good Cordage & Ma­
1 8 92.
1893.
1892.
1893.
$
$
$
$
chine Company, in the Morris Building, at Beaver and Broad
Gross earnings........................1,4 3 6 ,8 5 7 1,5 1 1 ,2 4 2 3 ,0 5 5 ,1 1 6 3 ,1 4 4 ,8 2 6
streets, for the purpose of harmonizing interests, advancing Operating expenses..............1,222,897 1 ,2 4 2 ,9 7 7 2 ,5 2 3 ,9 8 5 2 ,5 5 9 ,8 2 2
prices, and forming some kind of an association—possibly a
trust.
Net earnings........................ 213 .9 6 0
2 6 8 ,2 « 5
5 3 1 ,1 3 1
585 ,0 0 4
4 .8 0 0
3 ,3 4 4
5,841
4,451
Mr. John Good, President of the John Good Company, pre­ Other income.........................
sided and made an address. He said that the object'of the
T o t a l................................. 2 1 8 ,7 6 0
2 7 1 ,6 0 9
5 3 6 ,9 7 2
589,455
2 8 2 ,8 6 4
518 ,4 3 1
565 ,2 0 8
meeting was to place the industry on an equitable and per­ Interest, rentals & ta x e s... 258 ,8 7 8
manent basis. A business for which there was yearly a de­
Balance............................ def.40,118 def. 11,255 sur.18,541 sur.21,247
mand amounting to $25,000,000 must enter widely as'an ele­
M A N H A TTAN E L E V A T E D .
ment of prosperity or deprivation into the lives of many people.
e -Q iu ir . e n d . J u n e 30.— — T e a r e n d . J u n e 30 .—
It should therefore receive the protection of economic laws.
1892.
1893.
1891-92.
1892-93.
Mr. Good said that during the past ten years the prices of
$
$
$
$
sisal hemp varied from 3 15-16 cents to 11 cents a pound. From Gross e a rn in g s..................... 2 ,7 73,499 2,879,56« 10 ,6 9 5 ,9 7 7 1 1 ,0 8 6 ,3 5 9
January 1 to July 1 of the present year they varied from 6j^ Operating expenses..............l , i 2 0 ,6 8 2 1 ,4 5 0 ,2 5 7 5 ,4 2 5 ,3 4 8 5,5 8 6 ,3 0 0
cents to 4% cents a pound. The cause of this extreme
Net earnings.................... 1,352,817 1 ,4 2 9 ,3 0 4 5 ,2 7 0 ,6 2 9 5 ,500,059
vanat ion was the ruinous competition and antagonisms of the Other in co m e......................... 3 5 ,0 0 0
3 5 ,0 0 0
140,000
1 4 0 ,0 0 0
manufacturers who had sought to control the fibre market
Total....................................1 ,387,817 1,4 6 4 .3 0 4 5 ,4 1 0 ,6 2 9 5 .6 4 0 ,0 5 9
outside of the natural laws of supply and demand. “ I hold Interest, rentals & ta x e s .. 605 ,4 2 8
684 ,4 6 9 2 .4 1 4 ,9 1 6 2 ,6 6 8 ,7 6 7
that this evil can be and must be remedied.” declared Mr
Surplus.............................. 7 8 2 ,3 8 9
779,835 2 ,9 9 5 ,7 1 3 2 .9 7 1 .2 9 2
Good, “ or the entire cordage industry will leave this coun­
STATEN ISLA N D R A P ID TRAN SIT .
try. For if the price of raw material is raised by unnatural
r -Q u a r . e n d . J u n e 30.— r - Y e a r e n d . J u n e 3 0 .—
causes, in like manner must the price be raised on the con­
1892.
1893.
1891-92. 1892-93.
sumer, and what is left but for Congress to apply the usual
$
$
remedy for all such evils, viz.: to lower the tariff upon the Gross earnings.................. 23 4$,8 6 9 2 7 9 $
,1 1 7
1 ,0 4 6 .6 3 0 1 ,0 5 4 ,0 2 9
manufactured article and admit foreign competitors to supply Operating expenses........ 180,223 1 8 5 ,7 1 0
6 9 2 ,3 8 0
7 1 6 ,0 6 4
the demand of this country ?” Mr. Good, in conclusion, sub­
Net earnings.................. 1 0 4 ,6 4 6
9 3 ,4 0 7
3 5 4 ,2 5 0
3 3 7 ,9 6 5
mitted this proposition :
Int., rentals and ta x e s .. 78.0 9 2
80,3 6 1
3 0 1 ,4 3 0
2 9 4 ,5 5 4
. D ) Let the manufacturers of cordage form a mutual protective an
Incorporated association, with constitution and by-laws : eachmemb.
of the association to flic a suitable bond, or make a deposit of a certsi
amount o f the stock of bis company a s a forfeit; <") let this Yssocj!
.tm n appoint a board of control, consisting of tive members receiviti
salaries ftom the Association, each member of the board to give a sui

Surplus..........................

2 6 ,5 5 4

1 3 ,0 4 6

5 2 ,8 2 0

43,4 1 1

Texas & New Orleans.—The application of this railroad
company for the listing of j its consolidated mortgage bonds
refers to its application dated December 3, 1883, for listing

A ugust IS, 1893,1

THE CHRONICLE.

257

first mortgage bonds. No?. 1 to 1,820. secured by first mort­
gage upon the company's main line from Houston to Orange,
10510 miles in length, and its firs: mortgage Sabine Division
bonds, Nos, 1 to 2,075 (forming part of an authorized issue of
$2,575,000 of bondsi secured by first mortgage on the Sabine
Division, extending from Sabine City via B ianmoit 1 1 R» •In­
land, 103-78 miles: also to the apolicition dated April 31, 1893,
for listing the balance of $590,00) par value of said Sabine
Division oonds. I: then states that this company under date
of August t, 1893, executed a consolidated mortgage uoon its
main line from Houston to Orange, and its Sabine Division
from Sabine Citv via Beaumont to R ickland (making a total
mileage of 298.8b miles), to secure consolidated mortgage
bonds to be issue! thereunder, and also as furthers© rarity for
the $3,575,000 par value of Sabine Division bonds above re­
ferred to. There are authoriz'd to b) issued under this*e >n
solidated mortgage:
**— *°**^
Firat—Consolidated t«>od* to th- amount o f ............... -..81,62 ),00 >
eon.thating a>i increase to that am mot of the bonded
indebtedness ot the company, an i
Second—Con.*>:idute<J bonus („ tn«, am-ant o f ..... .......... 2.."75,000
to be Issued dollar for dollar inexchange for outstanding
Sabine Olrtolon bonds.
-----------Total............................................................. ? 4,185,000
The consolidated mortgage bonds are payable, principal
and interest, in gold, at the office or agency of the company,
in the city of New York, are dated Angus'. 1,1393, da » August
1, 1913: interest 5 p-r c *nt p-r annum, parable Februtry 1
and August 1; total authoriz -1 issue, $4,195,009: N w. l" to
4,195. Bond* h tve privilege of registration. Transfer offise,
Mills Building, 23 Broad Street, New York City.
The said $1,82 >,000 consolidated mortgag- bind* above re­
ferred to {being the bon is of this issue oth»r than tiose ex­
changeable against Sabine Division bands) have been already
sold and dtsp wed of by the company.
statemkxt or ore# urns* rent me reaa
oec. 31. 1892.
UWW earnings .......................
fl.8t0.3s7
Operating expeo*»»....................................
965,209
Earnlue* over operaling expense*................................. 724.958
Other Income...........
6,8*5
Total..................................... ............. .................
*731,783

first year or for the company to redeem tie while animat of
the b mis after Stpsember 1. 13)4. Taa matter was p! toad in
the hands of a spjciit committee, emsistiug of A. E Oi-r,
G orge J. Gould, E. F. Atkina and tha G- ivarument dir sotor, E,
Edery An tarjon. S lOKriotiom havt baai raaaivad from the
direators for a consider.!ole annua: o ' the ex;andai bonis on
the term! m rationed Tu j co n p ioy reserve the right to rejest suoioripfivw ia ex:?ss of $1,30(1,0)9,• Circulars have
been issund t> the bn adit filer*. Tae enmonay will anticipate
the pivmant of the interest dua on Sap-.emir l on all bands
presented for extension baf ire that li t - . Co® fo ’b w ia g state­
ment was presented, sh awing tha status of the bands:

Union Pari lie—An important meeting of the Union Pa­
cific Railroad directors was held this week at the office of Mr.
George J. Gould, The meeting was called to consider the
measures to be adopted for meeting the sinking fund 8 p r
c e n t bond* soon to mature, These bonds appear to be abund­
antly secured by a surplus of land assets, but in the present
silver-panic times ordinary assets arc not immediately avail­
able. The sinking fund 8 per cent bonds, amounting to more
than $5,000,000, will mature on September 1. A plan was
a g re e d upon which g iv e s to the present holders of the sinking
fund bonds the opportunity to renew under present condi­
tion s a n d rate o f in terest fo r six y e a rs, the c o m p a n y reserving
the right for the trustees to draw the bonds at par after the

Sept to Dec., 1893, and 1894..

Union Pacino Company sinking fund b>ads outstanding

January 1, 1893:

"■

j

Coupon bonds.................
Registered binds........................................

84,721.000
455,000

Total........................................................................... $5,170,000
Balance in h tniU ot Caion Trust Con >.ny. Trustee. Jan 1,
4991. repre seating ttninvestol sinitin j f unite mtrlbutioa* 254,501
B dans- in hands of Palo a Crust Company. Cranes, Tan. I,
18w, repro-enting proceeds derived from hails sold,
amount na deposit, inymant-s,e te ................................... 653,163
Estimate! amu int of cash to he received from tand sales,
etc., eight months to September 1, 1*94— ..................... 500,000
Total.........................: ......... ...................................... $1,494,665
Balance of debt to be provided for...................................... 3,771,334
I, md contract* or note oatst Hiding January l, t8J3........ 3,697.890
L m s M t l n u -d p a ym en t*. J a n u a ry to A u g u st . . . ...................
B a l a n c e .....................................................

3 2 7 ,9 8 8
$ 3 ,3 6 9 ,9 0 *

Add estimate 1 value of unsold land) January 1. 1304......... 3.079,000
T o t a l...................................................................................................... $ 6 ,4 4 8 ,9 0 2

Th* amount $7,418,902, less the atnomt $1,771,314, shows
the surplus of security in excess >f the am mat of indebted­
ness to be provided tor, namely, $2,677,567,
j 2
The circular says:
~ *
I 7
"‘ No allowance baa been mile in the for <gmag st item sat
for the possible failure of purchasers to complete th* pivm«t» provided for in their contracted it Is believed, how­
ever. that not -nor-1 than $100.0) I in am mat will ultitmtely
be default®!. But even if delink be mid*, the finds under
I contract w ill a g a in becom** subject to sale an i w ill e x c e e d In
m p . i i c n x * o s * rrm rut r»;\u .
value the s ans due upon them.
In terest o n f n t m ortg a g e 7 per cen t b on d *. ----- $ 1 1 3 .1 0 0
Interest on Sahln- Mortgage 6 p e r rent booii*.___ 124 500
•‘ Under the pres, it m >rtgage the title to all unsold lands
Interest oo Debenture 6 percent b o n d * ...................
3 3 .0 4 0
(and to lands already sold lut still under c intrant), is vested
S tate o f T e x a s re b o o t d e b t ...............................................
2 3 ,2 3 2
in the mortgage tru'-t-es, The proceeds of all land sides are
T axes
............................................................................
2 9 .5 0 $
>ci.„r -- ij-;... - ..........
....................... is.-jj.i
remitted directly to tne trader, aud are applied, as in the
3 4 5 ,1 0 * trust indenture is provided, to cbe purchase and cancellation
E arn in g s o v e r all fixed c h a r g e * ............................................... *3 3 6 .6 8 * of the bonds secured thereund-T. The v do not pass into the
treasury. Meanwhile, the taxes on the unsold lands,
The debenture 6 per cent bond* referred to ia the foregoing company’s
the expenses of advertising or marketing the lands, and the
statement are to be retired at or before maturity, viz.: D y 1, interest
on the outstanding bonis, have oeen paid, pursuant
1893, out of proceeds of the new consolidated bonds.
to the terms of the trust indenture, by the railway company,
STXTEMRXT OF ASSETS ISO LUHILITIC* HAY 3 1 . 1393.
and will continue to be nail bv the railway comp my under
A mmIm.
UakOmn.
the extension agreement " * * *
C o st o f road.. .
.. ..* 1 1 ,7 * 0 .8 0 8 F irs t m ortg a g e 7 p er
"The $5'10,000 to be collected from January 1 to September 1,
S u b sid y lands (720 ,65 9
cen t b o n d s .................. 8 1.620,000
acre*) ..........................
M I , 5 0 7 F irs t m o rtg a g e , 8 *M ise
1993, hi* ia the greater part been received. Toe amount
O th er lands in Texas
HIT.. 7 p. c, b on d s ,.
2 .575,000 would have been materially larger were it not for the finan­
(114.484 »cr*»> .........
203,5X 9 D eb en tu re 6 p e r c e n t
D ue fro m S outhern
b on d s ..........................
5 8 4 ,00 0 cial troubles in the West, which have made collections for
Pact tin C o....................
6 9 3 ,0 2 8 S ta te o f T e x * * s ch o o l
the past sixty day* exceedingly difficult,
Due from other parties
214.720
d e b t .................... . . .
414,340
**In view of the preceding statements, the company desires
S u p p lies o n h a n d ........
3 5 2 .4 7 6 Capital stock ................ 5.0 0 0 ,0 0 0
to enter into negotiition* for an extension of the debt, ora
C h a d hi* ted a cco u n t* .
1 0 5 ,97 9 Due T a el Be im p r o v e
m e n ! CO......................
2 4 6 ,7 9 0 part thereof, for six years, interest ot the extended debt to
C n a d J w ted a cco u n ts.
139,676 ran at the ran- of eight p *r cent, as at present, the bonds to
A r e ru e d in te re s t on
be payable in United States gold o in of the preient weight
tim satu red c o u p o n .
86,445
and finen-*“s, the holders of the IKinds thus extended to have
B ala oee. asset* o v e r
I l a b l i l t l e * ..............................
3 .1 3 7,39 7 the benefit of all the security which they now enjoy. All
moneys derived from the sales of land, the payment of inter­
T o t a l.................
* 1 3 ,8 1 3 ,7 4 0 1
T o t a l..................... *13,813.7*0
est on contracts. or otherwise, now covered by the mortgage
The earnings an i operating expense* for the first six months shall still be remitted to the Trustee, and from time to time
of the current year (June estimated! have been an follows:
applied in the purchase of the extended b mds at not to exceed
EARjrtso* xxn orERATtKO E ti av sx s.stx xoirriH x x in sa r e v * 3 0 .1 9 9 3 . par and interest; or when bonds ctnnot br purchased within
B tr m n g t that limitation, then in the redemption of bonds to be drawn
Otter
(im u
O perating by lot by.the Trustee thirty days prior to September 1st, 1894,
O perating
and every six months thereafter, drawn bonds to be redeem­
KapentfA
H om in g*.
K tp tu te t.
January...............
•80.731
*79.050 able at par and accrued interest at the due date of th© coupon
77,491 first maturing after such drawing, interest to cease on drawn
Fttormur^v... *•« ........... i
83,369
75,047
96.437
April....................
75.001
74,200 bonds from and after such date.
May......................
82.647
73.07-,
••The company reserves the right to pay off all outstanding
June (e*Utn»t«li..
68.010 bond*, with interest a-creed thereon, on September 1, 1894,
70,23*
Total............ ............. #938.355
#441.876 or at the date of the maturity of arty coupon thereafter, by
*496.479
The officers of the company are as follows: C. P. Hunting- advertising for thirty days prior to such payment, interest on
ton, President; J. Kruttschoitt, Vice-President: R, S. Batson, all bonds to cease after the date for payment, as advertised.
" The Luvl Commissioner estirnu •» that the trustee will re­
Secretary; P. J. Htider. Treasurer: !. E. Gates, AfuislaritSecretary and Assistant-Treasurer. The application was made ceive during the period o ' the prop wed extension, from par­
to have $1,620,000 consolidated mortgage hoods, Nos. 1 to tial payments on outstanding contracts or notes an! from in­
1,020, lor $1,000 each placet upon the regular list, and this terest on such notes (excluding the sums to'be derived from
any sates made during that period;, the following sums:,
was approved by thtUOBHliitiM on Stock List,
Year.

1 9 9 5 .................................................

1990.........................................

1997...................................................

*

*

#

Principal.

la t e r a l.

Total. ■

$ 1 ,1 9 0 ,0 0 0
3 3 0 ,'ICO
2 3 0 .0 0 0
2 2 5 .0 0 0
2 2 3 .0 0 0
2 2 5 .0 0 0

$2'.0.000
100,000
4 0 .0 0 0

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

$ 2 ,4 6 5 ,0 0 0

8 0 1 0 ,0 0 0

S .0 7 5 ,0 0 0

#

8.5.000

70.000
55.000

*

*

“ An agreement providing for th *extension of the sinking
fund bonds on the general plan herein n**t forth has been
made between the Union Pacific Railway Oo, and the Uaion
Trust Go. of New York, the trustee under the mortgage.
Copies of the agreement may bn hid on application to the
railway company or the trust company.’'
_

THE CHRONICLE.

258
% \ it

C o m m e r c ia l

rvou

lvh .

C O T T O N .

g im c s .

August 11, 1893.
as indicated b y our telegrams^
from the South to-night is given below. For the week ending
COMMERCIAL EPITOME.
this evenine the total recemts have reached 9.243 bales,
F r i d a y N i g h t , August 1 1 ,1 8 9 3 .
igainst 10,713 bales last week and 10,205 bales the previous
The volume of business in staple commodities has con­ week, making the total receipts since the 1st of Sept., 1892,
tinued unusually small. Unsettled financial conditions was 5,070,710 bales, against 7,110,661 bales for the same period of
1891-2, showing a decrease since Sep. 1, 1892, of 2,039,954 bales.
the principal disquieting influence, and has led operators gen­
T u es .
W ed. T h u r s .
S a l.
M on.
F r i.
T ota l.
erally to confine all deals within the limit of the most impera­ R e c e ip t s a t—
tive necessity. A further large number of manufacturing Galveston.........
192
84
65
389
27
61
818
..........
.........
..........
El Paso, &c ..
......
......
......
concerns has shut down in consequence of the poor sale for
339
1,116
213
80
769
63
2 ,6 3 0
their products. The commercial community, however, is New O rleans...
24
51
5
911
9
1
M obile................
1,001
disposed to entertain a feeling of hope that the increasing im­ Florida............... . . . . . . . . . . . . .......... ......... . . . . . . . . . . . .
port of gold and successful legislation by the specially con­ Savannah.........
176
43
58
lie
138
23
554
vened session of Congress assembled this week will soon Brunsw’ k.&e. . . . . . . .......... . . . . . . . . . . . . . . . . . . . . . . . .
105
3
377
6
1
6
498
modify the existing monetary strain. The extreme dull con­ Charleston........
..........
..........
Pt. Royal, <fcc. . . . . . .
......
......
......
dition of home trade is in part balanced by a very fair expert Wilmington___
2
1
4
5
60
43
demand for agricultural products, although it requires the
Wash’ton, &c.
attraction of very low prices to secure foreign orders. Spec­ Norfolk..............
30
876
403
108
167
108
115
102
..........
.........
102
......
......
ulative dealing in leading articles of merchandise is practi­ W est P o in t...
N’port N ., &c.
......
......
......
127
127
......
......
cally confided to protection of outstanding engagements.
.........
New Y o rk .........
.....
......
......
......
......
Generous rains are reported to have benefitted growing crops B o ston .............
394
52
95
113
35
48
51
in the Scuth and Southwest, but in portions of the middle Baltim ore......... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
693
693
90
1 ,490
and Noi them latitudes continued drought still excites appre­ Pliiladelph’a &e
167
132
833
182
86
hension.
1.737
1.492
9 .2 4 3
1,040
2,207
1.499
1,268
Tot’ls this week
Lard on the spot was in fair demand for export in the fore
The following shows the week’s total receipts, the total since
part of the week, but after prices had passed 8J£c. for prime Sept. 1,1892, and the stock to-night, compared with last vear.
Western the market became quiet. The close was steady at
S tock
1892-93.
1891-92.
R e c e ip ts to
8@8‘25c. for prime City, 8'S0c. for prime Western and 9-50c.
T h is
S in c e Sep.
S iyice Sep.
Th is
A u g . 11.
1892.
1893.
for refined for the Continent. The speculation in lard for
W eek .
1 ,1 8 9 2 .
W e ek
1 ,1 8 9 1 .
future delivery at this market has been quiet, but prices have
16,066
advanced, owing to stronger advices from the West and Galveston. . .
818 1,040,285
699 1,142,452
16,6 6 8
small receipts of swine at primary points, closing steady.
56,563
43,539
F r id a y N ig h t ,

The M ovem ent

D A IL Y CLOSING P R IC E S O F L A R D F U T U R E S .

Sat.

August delivery..............e.
September delivery____ 0 . 8 ‘ 10
October delivery..........o.
8 "05

M on.

7*92
7-85

T u es,

8*30
8*30
—

W ed.
8 -6 0

8-60
... .

T h u rs.

F r i.

8-PO
S-90
8*80

8*85
8*85
8-50

New Orleans
Mobile...........
Savannah. . .

of the

C rop,

2,630 1,590.385
1,001
1 69,404
28,159
554 7 8 2 ,9 7 0
140,265
498
2 87,627
427
60 15 9 ,9 0 0
755
876
2 87,662
102
1 94,734
127
22,815
48,756
120,232
394
693
68,779
1,490
70,957

2 ,740 2 ,435,686
53 264.896
24,776
661 1,0 2 0 ,2 6 0
170,622
53 462,351
1,676
30
16 L,218
2 ,342
398
520 ,2 5 2
191
335 ,7 5 4
37
47,7 6 6
200
88,983
149,468
711
99,3 7 2
187
141
89,251

4 5 ,6 5 1
4,091

6 9 ,1 0 3
7 ,3 0 1

7 ,893

4 ,5 6 9

Pork has met with a fair trade at steady prices, closing at
14,582
1 3 ,8 8 0
$14 50@$15 for mess, $17<&$19 for short clear and $17 50@$18 Charleston..
for family. Cutmeats have been dull but steady, closing at
2 ,451
2 ,706
ll% c.@ l2c. for pickled bellies, l-2c,@10 lbs. av. 6%c.@7c. Wilmington..
Wash’n, &c
for pickled shoulders and 10J>£c.@llJZc. for pickled hams.
10,4 1 7
3 ,305
Beef was steady at S7 50<a $8 for exira mess, $10@$12 for N orfolk........
440
family and $14 50(S$17 for Extra India mess. Beef hams are West Point
steady at S17®S17 50. Tallow’ has been fairly active, closing N’p’tN .,& c
1 4 4 ,2 7 6
27 6 ,6 4 1
firm at 4 % c. bid. Lard stearine is dull and nominal at 11c. New Y o r k ...
4 ,000
3,100
in hhds. and tcs. Oleo stearine is steady at 9c. Cotton seed B oston .........
8 ,493
13,4 8 9
oil is quiet and unchanged at 35c. for prime crude and 43c. B altim ore...
12,949
6,181
for prine jellow. Butter is firm but quiet at 16c.@22c. for Philadel.,&e.
creamery. Cheese is dull and weak at 7J£o.®9}^c. for State T otals........ 9,243 5 .070.710 6.101 7 ,1 1 0 .6 6 1 289 .8 7 1 4 1 8 ,3 8 6
factory full cream. Fresh egg3 are quiet and easy at 15lZc.@
16c. for Western.
In order that comparison may be made with other years, we
Coffee has continued dull, almost to complete stagnation, give below the totals at leading ports for six seasons.
and prices were heavy all around. Rio quoted at 16c. for No.
1892.
1891.
1 8 90.
1889.
188 8
7, good Cucuta 20@20J^>. and interior Padang 23@23^c. R eceip ts a t— 1893.
Contracts for future delivery have failed to attract invest­ Galves’n.&c.
818
699
2 ,565
438
473
1 ,2 0 4
ment demand; there was no haste to cover against short sales, New Orleans
2 ,630
2 ,740
1,611
1,583
317
1 ,5 2 6
and with further liquidation cost inclined to lower level. M obile.........
1,001
53
218
86
19
275
To-day some coveting orders against sales in Europe gave a Savannah...
554
661
233
876
98
4 ,4 3 6
slight advance and steady tone.
Ckar’ton,&c.
53
498
375
1,192
9
710
A u g ..................... 14-850. I Nov.
B e p t . .............................. 15-COc.Dec.
O c t ...................... 14-90o. I J a n .

,14-goc. I Feb....................14-55o
14-80o.
Mch.............. l4-40o'
1 4 -8 0 0 .1 M ay....................14-10e'

Wilm’ ton,&c
N orfolk........
W. Point,&e.
All oth ers...

60
876
229
2,577

30
398
228
1,239

34
477
484
1,244

36
57
99
32

25
5
460

158
2 ,3 0 6
2 ,6 9 8
6 .1 3 6

Raw sugars were shaded a fraction in cost, inducing more
trade, though purchases are made only against early wants.
CeDtntugals quoted at 3%c. for 96-deg. test and muscovado Tot. this wk.
9,243
6,101
7 ,881
3 ,756
1 ,406
19,4 4 9
at 3)4c. fo r 89 deg. test. Refmed sugars have sold slowly and
at generally steady rates; granulated quoted at o % c. Teas Since Sept. 1 5 0 70.710 7 1 10,664 6 9 15.580 53 0 4 ,7 6 3 55 1 0 ,4 3 7 5 5 2 6 ,9 6 0
again in buyers’ (avor; other staple groceries dull.
The exports for the week ending this evening reach a total
Kentucky tobacco has been in slow demand but values hold of 19,221 bales, of which 10,935 were to Great Britain, 3,374
firm; sales 150 hhds. to exporters and 50 hhds. to the home to t rance and 4,912 to the rest of the Continent. Below are
trade. Seed leaf tobacco has been without change and dull; the exports for the week and since September 1. 1892.
sales for the week were 450 cases, as follows: 100 cases 1891
W e e k E n d in g A u g u s t l l
F rom S e p t. 1,1892, to A u g . 11,1893.
crop, State Havana. 12@20c.; 50cases 1891 crop. New England
E x p o rte d to —
B x v o r ted t o —
Havana, 2i@60c.; 100cases 1892 crop, Ohio, 6(g7c.; 100 cases
G rea t
O o n ti- T o ta l
G re a t
1891 crop, Wisconsin Havana, 9@ 11 ^ c .; 50 cases 1891 crop,
F
ra
n
ce
F
T o t a l.
B r it'n .
n en t.
W eek . B r it a in . ra n ce
n e n t.
Zimmer s, ll@12e., and 50 cases 1891 crop, Dutch, 12^13c •
G a l v e s t o n ........
452,603
133,748
172,712
759,066
„balC:i Havana, 70c.(a$l 10, and 125 bales Sumatra,’
V e la s c o , & c ....
17.869
51,111
33,242
$6 oora$4 25.
2,872
1,279
N ew O r le a n s ..
4,420
8,571 603,102 338,278 332.517 1,323,987
For straits tin the market has continued dull and prices have M o b ile & P e n .
..........
43,693
400
44,093
further declined, closing easy at 18-35e. bid. Sales for the S a v a n n a h ........
61,711 24,727 277,780 864,218
week were about 100 tons. Ingot copper is dull at a further B r u n s w ic k ........
67,776
2,48'f
20,499
80,755
decline, closing at 9-05c. for Lake. Lead was without change C h a r le s to n —
86,694
7,900 122,953 217,550
and dull, closing at 8 80c. for domestic. Pig iron was dull and W i lm in g t o n ..
........ .
74,102
57.929 132,031
unchanged at l2-75c.@15-50c.
1,700
1,700 105,167
N o r fo l k ..............
30.785 135,952
W
e
s
t
P
o
i
n
t
.
.
.
.
62,233
d petroleum is without change and dull at 515c. in
7,700
59,936
........
10,892
bbJs,, 2•65c. in bulk and 5*85c. in cases; crude in bbls. is un­ N ’ p ’t N ew s, & e
10,892
2,849
452
6,119 167,473 32,6S8 201,258 701,422
changed, Washington closing quiet at 4*85c. in bbls. and 2‘3oc. N ew Y o r k ........ 2 8 I 8
67
1,375
1,432 221 489
m bulk; naphtha 5J^e. Crude certificates have been dull and
50
777
727
83,880 10.897 119,933 214,710
the clr se was easy at 5814c bid. Spirits turpentine has made a B a lt im o r e .........
622
P h ila d e lp ’a ,& c
622
19,809
416
20,225
Might further decline, but the close was steady at 25lk®25c
8,374
4,912 19,221 2,361,595 650,718 1,433,025 4,347,338
T o t a l ............. 10,935
R o u e s atei dull and easy at 9<J@97^c. for common and good
strained, w ool is dull and nominal. Hops are firm but quiet. T’ -.A-1 1Q(|1 on 49 *60 o dip 9 141 K) ~i\o 9 900 O -- 692.1**1
K 090 07^

THE CHRONICLE.

AUGUST 12, 1893.]

In addition to above exports, our telegrams to-night also
give ua the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert & B irrows, 24 Beaver Street.

<°
3*

IE
osr j I P 5s f>
®sr
!

O h S h ip b o a r d , n o t c l z a r t d —f o r
X x tg . 11 a t—

G re a t
B r i t a in .

O th er
F r a n c e . F o r e ig n

O o a sivrise.

390
None.
None.
None.
None.
None.
5 .2 0 0
1*500

417
116
300
300
None.
1,200
None.
None.

New O rleans...
G alveston..___
Savannah..........
Charleston........
M ob ile...............
N orfolk .............
New York.........
Other p ort------

813
None.
None.
None.
None.
3 .7 0 0
3 ,2 0 0
6*000

Total 1 8 9 3 ...

13,713

900

7 ,0 9 0

12,362
4,981

642
763

8.905
2.615

Total 1 6 9 2 ...
Total 1 5 9 1 ...

None.
None.
None.
None.
None.
None.
90 0
None.

L e a v in g
S to c k .

T o ta l.

1,620
116
300
300
None.
4,900
9,300
7 ,5 0 J

44 034
16.552
7 .593
13,6 8 0
4.091
5.517
134,976
19,492

2.333

24.038

2 45,835

579
2 ,002

22.4 8 3 j
10,361

39 5 .8 9 8
1 91.232

U PLANDS.

TOo n T

S a t.

G U LF.

5M
» 7U
5 ' Ms 5 «.
« " t « 6%
7
» U I«
7M
7*i j
7*11
71 q* 7 k
8 1#
31,*
8k
dipt
S i t ,. 8*S
9 1 ,.
9

U ed

Tb.

3%
3k
Ok
« '* l*
7*1,
7*1«
7k
811«
8k
8k
9

5*1*
3 1 1 ,,
6».«
Ok
7k
7k
7n„
8
9*1*
8 ».«
S i i ,.

9k
8**
9

5H „
6* is
8 H»
7>t
7»S
7M

»**
6
6 T»
7*,«
7»i«
7‘m*
8

3*11
«
« T*
7*t«
7s n
7ll|*
9

5*S
0
O'*

5*,*
3 li‘ ,
0U „
7**3

7»„
7 l* i .
3

7*1

5 * i,
31-,*
fl’ l,*
7k
74

S l‘ ,s
93, .

8k
8k
9k

8k
8k
9k

8k
8k
9k

7k
7i»|«
8*4
8 ‘ 1*
8 ‘ *I«
M>1«

71*,*
8k
8T-*
8 I3 „
9 3!*

N at.

TOoti T u n

W ed

Tift.

F r l.

+ , l I»
5»1*
of „
7%

fik
7*1.

Ak
5k
Ok
7*i«

i r«
5k
Ok
7 * ,.

*>*i*
5b a

trips
5 * i,

7k

7k

B a t’d a y .
M onday
T u s« d » y
W ed ’d a y
T h o r id 'y
F r i d a y ..
T o ta l.

BALKS OP SPOT AKD COJCTRACT.

D a li a t iii) d e « ..
Q u ie t a t
dec.
E a s y a t I ,* de«.
s t e a d y .................

200
....

200

following comprehensive table-

O on trts4(.

F u tu r e * ,

. . . j ....
305
....
1 0 3 ; __
137
....
2P0I . . . .
12A
....

...j
....
2.000 ; 2.305
600.
703
....
337
....
200
1,600| 1,72 4

869

4.200

....

5 1*9

.*!

C*0

cg

A 1.800

63*600
101*600
9 5. MX)
159 .5 0 0
10 1.5 0 0

*4-4
6*

<
®

Iop:
, -4 0 -3
1 =i
ti* QD
>
-3-4 ^
© ci ®
e-n o *1

>
*4*4 ^
d*d• ®
C3 ■- 6 6 O eoi-co-i
2 , -j£ I or1: i o r :
i •»:
o
i* t ®<**
*346-4
8 5
► *4 *4 >
*4-4 <
*4
<
© ® 4
0 —®
52 3 ©
--4
**
C O e -M * *
i * ?O*: i op : i o rto:
* 4 -4 0 -1 -4-4J -3 -4-20*4
«4®
#-© ft
© -4-l°-4
1

rr ®
<
COf — -4-3
©»- —*•
! o «CO:
Vj J
4 * 4 0 4

44®
> 4
-4-1
©

as

^

O C tt* *
i » f* :

-j-S

-1-40*1
8 - g » <xw'gb
1
-1-4 W
t
l
©-» ®
CJ»© •*
» xTt
X
. 15 i o r :
** 1 § ‘-, -4-40-4
8
8 CC©®O
Oft- —
oe*4 %
6tex
© *®
•
3-«£
§| »|
© j

©

t

*•
o :
*
(£ $ »
F- *
*3 »-

>

4
to _

-4
C (►Oc

tr + CC^
©
"

3
OPS.
©
=*7<5x oO©
r-co o
-»

-1*4 ^
ODX- ©
w —o»*«
1 07*.

*4*15*4
CO'5®or>
e*o -i
-4-4 J
2© 5
l • »:
-1*0-4
»© ®o
bJA -4
®X 5
66 9
OO n
i op
<806000
*•w w
1 1

<
9

*«

1 5
1 1

1

II
t •;
I I:

Il
la
Ii

c

-3-4 > -4-4 »► *? | <3
Its
CM'
>- —
It*KhI op: i or: i O

cc ©

©

-4-4 —^
i or:
-4-3 0-3
^ d »°d t
XCA —
>
-4-4 <
CAO* 9
ac-4r: ^

i o rOD:
440
4
66® 6

- ] 'i J
Cm
®
? ac
Io£:

>
*4*4 ^
o«o* ®
-133
1 op:
-3
-4-40-1

o»

6>Ci°Ci
<x
—

ca

—V

o
>
<
m
0©K> i

-4-4

ior

CSOi®
S a

-j-8 ? *4*4 J
4®
®
C © **
i a ?X;
l o<=
>
:
co -4-30-3
-3-40-4
« 4 ° 4 *4-4C
* i« 4
©© —
>
-3 * 4
* 4 -3
S
*4*4 ^
4
C*4 ®
C t-3
2
1 -3
®
*4A ® C
to**
#--4—** -©at
i op : i opCO:
i op : i « » :
©
-3 0 -3
-4-4Q-4
X ® OD
» 6 -| 6»cf o (X.
©o to

i l 3 11
i s: : 1s;
l it
1 1:
II
I«:
I t:

I

O* C3 ® CM

c*

to

{►
-4-4 %
f. **. ©
M »
x o —** to © —**
l
i ® r:
-4-3 0 -4 —3 -1 0 —3
£ ® i-4-4

^©
©

F r l.

C o n - tim e t u m p , u l't'n

6 * ® «S*
© Ci

8»»ii
8l*i«

Th.

£z
porL

-3-4 >
S-© *1
I or3:
-4-4©-4

w*
L!
-

•£
o Mo
© ©
1

MARKET AND SALES,
SPOT MARKET
CLOSED.

© »«<

5 *1 ,,
6 » ,«
Ok
7k
7k
71>l«
8

W ed

Good O rdinary..............................
Strict Good Ordinary .................
Low Middling.................................
M iddling........................................

<1
f a - 11: fc3-£ ®
b
5. Sr'S
©
«>1OD
oOp<
n XO-J
* ^.Oto
CO
-3-a ► -4<1 ►
v- rfk. o
o C
CN>
oc©
i
5
-4-40-4
3-1

n «©•

2
*-*

71 o n T a r a

8%

p

9%

F r l.

H * t.

Ordinary..........................................
Strict Ordinary ............................
Good Ordinary ......... ..
Strict Good O rdinary........... ..
Low M iddling......... .....................
Strict Low Middling...................
Middling...................
Good Middling..............................
Strict Good M iddling................
Middling Fair................................
F a i r ................ . . . . ... ... ...
STAINED.

up.

5M
5k
dk
0U 1#
7 *,*
7»„
7k

—E!? ' !■* =
5 : <* .
* 03

*

{►
-4-4 ^
-4-4 J
OCX
© (o i
®
«««■ •
O tfU * 1
i •*? :
i a ? :

OX
®
# --iw ®
i % «:

*4-10-4
CFO
»»° 5©
C
00-4 J
cM-4
© a
i or:
i
OCCCtC
-l
©6 ®©
i: ©
asso J
ES 5

-4-1©-4
CC©®©
C© 13
-4-4 !<
cf
-1 cc
x a
•»
l o ©:
—
4*0®
© o° 6

X® ©X

®® C 05

"
I
i a: :

1 1 3 1 1 3
1
i s : :
i s : :

n i |

1 1i

II
Io
II

II
lo

pi
—®a6cco»o

-4*40-4
c*-•c*-° 6*J
©-O ®
XX *•
1 OP.
«® to
o*
c to
6 ° oc
X

-4-4
adi

©©

►
◄
a
*i

©
ir s r
O* CO

-4-3 J
-j-1
e© 9-*
Io«:
X

4 4 0 4

a-x°ob
-4-4 5
QC' CD

®

I 8 ®:
-4*40-3
C © °©
out to
-4-3

J

CD

2

OCCH-^
i o p :

802
100
8 05
8 00

Speculation in cotton for future delivery at this market re­
mains within narrow bounds. During the current week there
was at times a display of animation, but only temporary in
character.and representing simply an effort among regu lar oper­
ators to attract outside attention to the market. They met with
practically no success, however, the monetary strain still act­
ing as a check for investing ventures, as well as greatly cur­
tailing thehandlingofcottonforordinary trade purposes. Ad­
ditional mills have shut down or curtailed production, spin­
ners in numerous cases refused to negotiate upon any reason­
able basis, and some claim supplies enough under control to
offset probable wants until late fall. Meanwhile old cotton
has been available at receding cost, and new growth offering
to some extent for this month's delivery, while the construc­
tion placed upon the week’s crop advices was more favorable.
Under the influence of the features noted the general tendency
of values was downward despite advices from Europe of fairly
encouraging chaiacter. Daring Saturday, Monday anil Tuesday
the market was without public cable advices, in consequence of
observance of bank holidays in Liverpool. During that period
weather reports were mending, and with moderate fluctua­
tions prices gradually fell off. On Wednesday offerings were
less free and a slightly better tone prevailed. Yesterday the
tone was weak again in consequence of a somewhat better
showing of crop condition in the Government report than had
been expected, the compilation covering the dry period of
July, and after a momentary struggle for steadiness the value
line dropped about i*c. under selling out of local holders of
long engagements, Today's market opened easy hut recov­
ered and made a small gain over rates of last evening on
rumors of more demand from Europ»an custom. Cofon on
the spot has sold slowly at a further decline but closes steady.
Middling uplands 7
The total sales for forward delivery for the week are 589,300
bales. For immediate delivery the total sales foot up this w.-ek
5,289 bales, including 200 for export, 369 for consumption,
— —for speculation and 1,200 cm contract. The following are
the official quotations for each day of the past wee*—
August 5 to August II.
Ordinary.............................. . . . . .
Strict Ordinary..............................
Good Ordinary.............................
Strict Good O rdinary.................
Low Middling......... ..................
Strict Low Middling...................
M M dlim r.....................................
Good M iddling........... ...............
Strict Good M iddling.................
Middling Fair ..............................
F i l r ......... .........................................

259

CC® 5
cct©
o ®
i or:
o
aspects
C“
®o ° 0«
rvi^
> ®* 5>■
Ct*s ^
*® < O
c©
6 6 2^ -1® **
©y 2 -i*
ODOCO® ® »o®
®o ©— ® 6 <X'*-5
pito®©t-

|

1 1:

It
I0

II

1 l

3
*1
1 s: :
|

v—
■

I

►
II 3
Ia
II

1 i 3 1” 3 i l 3 1 1 3
H
*35
m
.i !3 3
*1
: i s: : 1a *-»: i s: : i s: :
, , c® M*
j II*
II*
1 1®»3
-3

►

II
l •:
l l!

Ia
II

II
I «:
I Ii

►
II n
S
Ia
II

* Includes sales in SeptBinner, ISOi, fur Septetmter, 1 ,7 0 0 ; Septemtier«ct«l>er. for OotoYmr, 1 2 0 .5 0 0 ; Sept«ral)«r-Vovember. for Kovetnber, 8 f9 ,9 0 e ; Septetuber Dccember. for December. 1.93 1 ,5 0 0 ; Septsmber-January, for January. 8,75 1 ,1 0 0 ; September-February, for Febru­
ary, 3 ,0 1 1 , 01* .; September- Marnh. for Marob. 8,719,1 ' ; SeptembcrAprll, for April. i .l i .i .t 'K ) ; Septembor-May, for May. es.870,270;.
September June, for June. 1,10 9 ,8 0 0 ; Septem ber Juty, for July,
1,786,700.

The following exchanges have been made during the week:
11 pil.
‘Oo pd.
•12 P d .
•17 pd.

to exch.
to exoh.
Pi exoh.
to exoh.

500
300
100
300

Sept, for Oct.
Any. for Sept.
Sept, for Oct,
Aug. for Oet.

I '21
I ’ 12
1 '17
|’ l l

pd.
pd.
pd.
pd.

to exoh. 1 0 0 Sent, for N ov1
to exoh. 500 Sept, for Oot,
to exch. 100 J in . for Moll.
to exoh. lOO Sopt. for Oct.

Thk Visible Supply ok 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,
589.300 and consequently all the European figures are brought down
to Thursday evening But to make the totals the complete
by the figures for to-night (Aug. 11), we ad i the item of exports from
the United States, including in it the exports of Friday only.

THE CHRONICLE.

260
1892.
1893.
1.242.000 1.4 2 4 ,0 0 3
9 ,000
6.000

1891.
958,000
17,000

1890.
684.000
23,000

Total Great Britain stock. 1.248,000 1,433,000
12.000
5,800
Stock at Hamburg......................
101,000
1 1 0 .0 0 0
Block atB rem en..........................
15.000
21,0 0 0
Stook at Amsterdam.................
200
200
Stock at Rotterdam..................
9 ,0 0 0
12.000
Stook at Antw erp........................
361,000
397.000
Stock at Havre............................
11,000
Stook at M arseilles.....................
7 .0 0 0
76,000
103,000
Stock at Barcelona....................
21,000
13,000
stook at G - i o a ........................... .
31,000
52.0 0 0
Stook at T rieste..........................

975 ,0 0 0
4,500
77,0 0 0
21,0 0 0
300
8,000
205 ,0 0 0
10,000
89.000
10,000
47,0 0 0

707,000
1,100
35,000
6,000
200
6,000
131,000
3,000
52,000
3.000
3,000

471,800

243,600

Total European stooks.. . 1 ,926.200 2 ,125,000 1L,446.800
45,0 0 0
16.000
46,000
India cotton afloat f or Europe
52,000
7 8 ,0 0 0
2 5 ,0 0 0
A m -r. oott'natloatfor Europe
21,000
11,000
21,000
Egypt, Brasil, Ac., atltforE'r’pei
269.871
4 18,386
204,593
Stock in United States ports ..
57,237
81,667
147,953
Stock in U. S. Interior tow n s..
6,601
103
8
United States exports to-day.

950,600
100,000
25,000
6,000
53.191
7,439
2,008

Stock at London...............

678,200

Total Continental stooks........

692.000

Total visible supply........... 2 ,4 32,312 2,8 1 0 ,4 1 2 1,789,638 1.141,238
Of the above, the to ta le d American and other descriptions areas follows:
Am erican—
Liverpool s to o k .............bales.
991,000 1,205.000 7 3 7 ,0 0 0 344,000
297,000 140,000
Continental stooks....................
539,000 4 90,000
539.000
25.000
American adoatfor E u ro p e ...
78.000
52,0 0 0
25,0 0 0
53,191
United States stook....................
269,871
269,871
204,593
418,386
84,667
7,439
United Stiteslnteriorstooks..
147,953
57,237
6,604
United States exports to-day.
103
2,008
8
1,969,142 2,313,442 11,320,838

571,638

E a st I n d ia n , B r a s i l, A c.

251,000
251 ,0 0 0
6
6.000
,000
139.200
46,000
21,000

Liverpool stook................
London s to c k ..............................
Continental s to o k s....................
India afloat for Europe..
,

219 ,0 0 0
9 .000
202,000
46,0 0 0
2 1 ,0 0 0

22 1 ,0 0 0
17,000
174,800
45,0 0 0
11,000

340,000
23.000
103,600
100.000
6,000

463 ,2 0 0
4 97,000 468,800
1,969,142 2,313,442 1L,320,833

572,600
571,638

, 2,432.342 2 ,8 10.442 ]L,789,638 ]L,144,238
Prloe Mid. U p l.,L iv e rp o o l....
3i°i6<l.
4b «d.
i^ d .
6 H ,fid.
Prloe Mid. U p l., New Y ork___
7 H 16o.
7h o.
80 .
12iiac.

__' The imports into Continental ports the past week have
been 26,000 bales.
The above figures indicate a d ecrease in the cotton in sight
to-night of 378,100 bales as compared with the same date
of 1892, an in crease of 642,704 bales as compared with the
corresponding date of 1891 and an in crea se o f 1,288,104 bales
as oompared with 1890.
S A T t h e I n t e r i o r T o w n s the movement—that is the receipts
fo r the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
Borresponding period of 1891-92—is set out in detail in the
following statement.

[Vox.. LVIL

Q u o t a t io n s t o r M id d l in g O o t t o n a t o t h e r M a r k e t s . —
B e lo w w e g iv e c lo s in g q u o ta tio n s o f m id d lin g c o tto n a t S o u i e ra a n d o th e r p rin c ip a l c o tto n m a rk e ts f o r e s e e l a y o t h e w e e k .
CLOSING Q UO TATIO N S F O B M ID D L IN G OOTTON ON

A u g u s t 11.'

S a tu r .

Galveston.. .
Sew Orleans
Mobile...........
Savannah. . .
Oharleston..
Wilmington.
Norfolk.........
Boston.........
Baltimore. . .
Philadelphia
Angusta. . . .
Memphis___
St. L o n ls___
H ouston___
Olnoinnati..
Louisville...

7%
7%
7=8
7%
7is
7%
7 7s
7 78
84
7=8
7 9ia
7^2

7%
8*8
8

I f on.
7=8
7 ’ ia
7=8
74
7%
74
7=8
71=16
7 78
She
7=8
7 9ia
74
738
84
8

W ed n es,

T u et.

74
7^
7=8
7=8
7%
74
7 9i«
71=18
7 78
84
7=8
791S
74
74
84
8

74
74
74

73a
74
74
7»18
74
7 78
84
7=8
7 7te
7L a
74
84
8

Art

T liu r t.

74
74
74
74
74
74
7». e
74
7 7a
84
7=8
7 ’ ie
7 ’ ie
74
84
8

?s4 «
71s
7hi
7\
74)
7%

£ “
r#
16
73s
7*s
8%

8
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
A tla n ta______ _
Columbus, G a.
Oolumbus.Mlss
Bufaula...........

7

Little R o o k . . . .
M ontgom ery. .

7=8
Newberry____ _
74
R aleigh.............
7
74
74
74
........ N ato h e z............
64
7iia Shreveport. . . .
R e c e i p t s F r o m t h e P l a n t a t i o n s . — T h e f o llo w i n g table
Ind icates t h e a c tu a l m o v e m e n t e a c h week f r o m th e p la n ta tio n s ,
The fig u re s d o n o t in c lu d e o v e rla n d re c e ip ts n o r Southern
o o n s u m p tio n ; t h e y are s im p ly a s ta te m e n t o f t h e weekly
m o v e m e n t f r o m th e p la n ta tio n s o f th a t p a r t of t h e c r o p which
finally re a c h e s t h e m a r k e t th r o u g h th e o u tp o r ts .
W eek
Ending—

July
“
“
“
Aug.
’*

7

R eceipt t a t th e P orta. St’ k a t In te rio r Tow ns. R e c 'p ttlr o m P la n V n t.

1891.

1892.

1893.

1891.

1892.

7......
3,907 12,874 13.384 93.815 174,544
14...... 14.172 16,176 15,762 66,677 105,696
21....... 8,902 12.075 11.031 71,763 159.289
7,330 5.979 10.205 66,676 155,507
28......
6.850 8,056 10,713 61,586 152,473
1 ......
7.884 6,101 9,243 57,237! 147.953
11......

1893.
125,780
120,466
110,269
97,788
91,651
84.607

1891.

1892.

7,004
2,243
1,760
3.535

1893.

4,794 6,771
7,328 10,448
894
5,608
2,197
5,622 4,576
1.581 2.259

The above statement shows: 1.—That the total receipts from
the plantations since Sept. 1 in 1892-93 are 5,026,743 bales: in
1891-92 were 7,202,688 bales; in 1890-91 were 6,958,247 bales
2.—That, although the receipts at the outports the past week
were 9,243 bales, the actual movement from plantations was
only 2,259 bales, the balance being ta k e n f r o m the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 1,581 bales and for 1891 they were
3,535 bales.
W e e k l y O v e r l a n d .— I n c o n se q u e n c e of th e s m a lln e s s of
the cotto n m o v e m e n t, th e d etaile d sta te m e n ts of w e e k ly over­
land w ill be o m itte d u n til th e b e g in n in g of th e n e w c ro p y e a r .
A m o u n t o f C o t t o n i n S i g h t A u g . 11.—I n th e ta b le b e lo w
w e g iv e th e receip ts fr o m p la n ta tio n s in a n o th e r f o r m , a n d
ad d to th e m th e n e t o v e rla n d m o v e m e n t to A u g . 11, a n d also
the ta k in g s b y S o u th e rn sp in n ers to th e s a m e d ite , so as to
g iv e s u b s ta n tia lly th e a m o u n t o f c o tto n n o w in s ig h t.
i 1892-93.

1891-92.

1890-91.

Receipts at the ports to August 1 1 ......... '5 ,070,710 7,110,664 6 ,9 1 5 ,5 3 0
Interior stocks on Aug. 11 in excess of
September 1 ..................................................
*43,967
9 2 ,0 2 4
4 2 ,6 6 7
Total receipts from plantations........5 ,026,743 7,2 0 2 ,6 3 8 6 ,9 5 8 .2 4 7
Net overland to August 11........................
8 47,728 1,1 8 3 ,0 1 2 1 ,0 3 7 ,2 6 4
Southern consumption to August 11___
657 ,0 0 0
6 1 7 ,0 0 0
5 7 2 ,0 0 0

5S2KKS2SKS?
.►cisi-SaiooicMaM^wcjccwwwotooioi®
^
^ p C5C CCOCObObO05C»C3C5 >-•COO
oca a Otamqcpootao*h o co ^ hcjow ©codoo oooTu'ccVj'ca'Li
Ol^i^OCOC5CDO(^QOCOCJ?it»<lMOis*-0»WOifkOiOOi^CCCiOWMO;W

Total in sight August 1 1 ...................... 6,531,471
52

. K-rnit ^
100
K>m■ t—
■<1 tc M to
taitkii-ccooitaao
Cjitooaitc^o-Cnaoo- mmcxow
irCOCa-'; CiH
iHOiClOC©
a*iw
o>cota;

com ta

*-S'3
V

co

ta

o: to*

co m ta m m <j

? ri -Jop. «* ooo®cdV c*; aoDoiHotoa

•c*j
cnta ta «o cotoos J co*>i u»co<- cm—co
o ta ta. c«tfk-© c ; . o
o*-i'itooH O O ’ r-it*ta —• MOO*ota©oio

OH* • M >- iKmJ
Oto . tOCOM^r-totOfOOCO
OCWCX)* OJi^ O O h OOCXis-iH

•

COO

MM

o»! Mtc#k.tatataoc3

~ Qq

^ S’

§
8*

— • o o»*q cocoota o»

‘ O-J®
taH,oD
cooococo-aoco*oit^^tD
cj»(nm3«i #
Sap
ro»i^coi^«uoo,-jM
®* 2 ° ? ? wwcocotaH
»p
o-SSo”
^
5
® ® to'o o ® '© e> c o '© l o V © © o o lo w
OOiCOta03tOC3MC^COCOM|t». rn
°
^ r~ to#k-cc'Ki<ioc3^j^.oxtOiHccotaci3CocBWtataMtc>H
ta X to
tOMM
CO00 M M to
•
52 2 2 K 2 10 **“M * *w w
o
it*-:
C " O O O i c i c i c c o a > c o o o '. ta co ta to -

MC*

M

O CO03MM Mrfk,*
C
DCAH1 w co © A*, to • co ^com
b i 't o b t o M l a o !
'JO*-1
OIc © C?itOtOCO*0 to rfk.|Utv COOMocc COo m !

SkjS:
O
H*CO03
H*oj
otaoso
CO®lfkHOC3W
to
"1 to to H*CO^
C flO i'-o'-jM -H

O H ^ H fO O H

8
*r§
?r*2
si

qc,

§
u *■

l

' Louisville figures “ n e t” In both years,
t This year’s figures estimated.

The above totals show that the interior stocks have decreased
during the week 6,984 bales and are to-night 63,286 bales
less than at the same period last year. The re eipts at all the
towns have been 1,371 bales m ore than the same week last
year and since Sept. 1 they are 1,192,219 bales less fchaD tor the
sa m e tim e in 1891-92.
■
------- -

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

Northern spinners’ takings to August 11 1,709,657 2 ,1 7 8 ,0 9 2 2 ,0 0 0 ,4 0 6
* Decrease from September 1.

It will be seen by the above that the decrease in amount in
sight to night, compared with last year is 2,471,229 bales and
the falling off as compared with 1890-91. is 2,036,040 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 re­
ports this evening indicate that there have been good rains over
about one-half of the State of Texas, and that in many other
sections there has been sufficient moisture. On the other hand,
the drought continues in a considerable portion of Texas, and
at points in Arkansas and Tennessee rain is needed. The effect
of the rain in Texas has been principally to arrest farther
damage, as the prospects of yield are said to be already
much reduced. Picking is becoming more general and a
number of new bales are reported this week. There are com­
plaints of boll worms and caterpillars in some districts.
Q alveston , T exa s, —Sixty-one bales new cotton received this
week, making 341 bales for season to date. Over about half of
the cotton region of Texas there have been good rains, greatly
benetitting crops. But over the other half there has been no
adequate rain. Both corn and cotton are irreparably cut
short already and the yield will fall far short of last year. We
have had rain on two days of the past week, the rainfall
reaching eighty-eight hundredths of an inch. The thermome­
ter has averaged 80, ranging from 71 to 88.
P alestine, T exas .—There have been splendid rains on five
days of the week, arresting the damage to cotton, although
it is irreparably injured. Rain was too lat9 for corn. The
precipitation reached three inches and two hundredths. The
thermometer has ranged from 63 to 93, averaging 79.
H u ntsville, T exa s.— W e h a v e had m a g n ific e n t ra in s o n fo u r

A l'O l'S T

12,

IN93.J

THE CHRONICLE.

days of the week, helping cotton much, but the already ac­
crued damage ca not be retrieved. All late corn is ruined
and not worth gathering. The rainfall has been four inches
and five hundredths. Average thermometer 84, highest 98
and lowest 73.
itn.it is, T exas .—It has rained finely on four days of the
week, but the rainfall was insufficient. Both corn and cotton
are injured past recovery. Tne week's rainfall has been one
inch and sixty eight hundredth?. The thermometer has aver­
aged 8<>, the highest being 86 and the lowest 68.
San A n to n io , T exa s.—-T he weather has been dry all the
week, and crops are suffering from drought again about as
bad as ever. Crons are injured very badly. The thermome­
ter has averaged 85, ranging from 74 to 96.
Luting, T exas. —It is no ■ too late for rain to do any good.
Cotton is very badly cut short and all late corn is ruined. We
have had one scalding shower during the week, with a pre­
cipitation of but two hundredths of an inch. The thermom­
eter has ranged from 72 to 96, averaging 84.
Colum bia, T exas, —There has been no rain during the week
and crops are suffering. Average thermometer 84, highest 96
and lowest 72.
Oaero, T exas. —One insignificant shower the past week has
done no good, and crops are suffering as badly as ever. The
yield will be very short. Picking is aciive. The precipita­
tion reached thirty-nine hundredths of an inch. The ther­
mometer has averaged 87, the highest being 100 and the low­
est 74.
Branham T exas. —We have bail beneficial showers on three
days of the week, the rainfall reaching eighty-seven hun­
dredths of an inch. Mot enough rain yet. Picking is active.
The thermometer has averaged 86, ranging from 72 to 100.
B elton . T exas. —There have been welcome rains on three
days of the week, greatly helping cotton, hut corn is past all
help. The precipitation reached one inch and ten hun­
dredths. The thermometer has ranged from 60 to 94. aver­
aging 77.
f o r t W orth , T exas. —We have had goo 1 showers on three
days of the week, to the extent of seventy-five hundredths of
an inch, buf not near enough. Crops are suffering badly and
are injured .beyond recovery. Average thermometer 80, high­
est 95, lowest 68.
W ea th erford . T exa s. —We have had showers on five days
of the past week, doing some good, but nothing will do much
good now, as both corn and cotton are injured past redemp­
tion. The rainfall reached eighty-seven hundredths of an
inch. Tire thermometer has averaged 81. the highest being
94 and the lowest 68.
y e w Orleans. L ou isian a. —Rain has fallen on three days of
the week, to the extent of sixty-nine hundredths of an inch.
The thermometer has averaged 81.
Shreveport, L o u isia n a . —Worms are becoming troublesome.
Cotton has been damaged by drought on hill lands. There
has been rain on two days of the wee_k, the rainfall being
twenty-two hundredths of an inch. The thermometer has
ranged from 69 to 96, averaging tt.
L ak e Charles, Ijau tsiana. —There hi* lieen abundant rain
gnd sunshine the past week and everything is growing vigor­
ously. Average thermometer 72-7, highest 88, lowest 58.
C‘ Iambus. M ississippi. —Boll worm* and caterpillars are re­
ported in prairie*, but no damage as yet. Rain has fallen on
three days of the week to the extent of thirteen hundredths
of an inch. Thermometer has averaged 83. the highest being
102 and the lowest 66.
M eridian. M ississippi. —The cotton crop is opening nicely.
Rain has fallen on two days of the week. The thermometer
has ranged from 67 to 97.
Leland, M ississippi. —Caterpillars are reported all over the
county and there are some boll worms. But very little
damage has been done as yet. It lias rained on one day of the
week, the precipitation reaching forty-five hundredths of an
inch. The thermometer lias averaged 79, ranging from 65
to 91.
L ittle R ock, Ark/m sas.— On Tuesday evening we had a show­
er and there have been light sprinkles on two other days of
the past week. This moisture has done good to corn and
gardens, but hardly sufficient for the purpose. Rain enough
for cotton and the crop in this section is good to date, with
promise of satisfactory results if there are a few more rains
between this and the middle of September. Rainfall thirtyeight hundredths of an inch. Average thermometer 60'7,
highest 94 and lowest 70.
H elena. A rk an sas. —There has been one sprinkle the pa-t
week, the rainfall reaching two hundredth* of an inch.
Heavy rains are reported in the neighborhood, but rain not
extensive. Some planters think this section will make an
average crop, or more than last season. The thermometer
ranged from 68 to 94. averaging 80.
M em phis, Tennessee.—The weather has been dry and hot all
the week, except one miserable shower on Thursday, but
heavier rains have fallen in other sections. Crops generally
need a soaking rain. The rainfall reached three hundredths
of an inch. The thermometer has averaged 82’7. the highest
being 95-9 and the lowest 0W‘8.
N ashville, Tennessee. —The cotton crop is in good condition.
The thermometer has averaged 79. ranging from 81 to 91.
M obile, A labam a. —Crop rep iris are very satisfactory and
picking is in progress in some sections. Five new bales have
been received to date. We have had rain on four days of the
week, the rainfall being eighty-seven hundredths of an inch.
The thermometer has ranged from 72 to 90, averaging 81.

261

M ontgom ery, A la b a m a . —We have had rain on four days of
the week, the rainfall reaching one inch and fifty-four hun­
dredths. Average thermometer 80, highest 88, lowest 72.
Selm a, A la b a m a . —The maturity of the crop has been de­
layed by the frequent rains, but as yet no damage has oc­
curred. Caterpillars are being poisoned in some section*. We
have had rain on four days of the week, the rainfall being
three inches and fourteen hundredths. The thermometer has
averaged 81, the highest being 90 and the lowest 71.
Madison, F lo rid a .— Crop reports continue favorable. Rain
has fallen on three days of the week to the extent of eightysix hundredths of an inch. The thermometer has ranged from
70 to 89, averaging 81.
Oolnm ous, G eo rg ia . —We have had showers ontwodays, the
precipitation reaching fifty-eight hundredths of an inch. Av­
erage thermometer 83, highest 90 and lowest 77.
savannah., G eorg ia . —There has been rain on six days of
the week, the precipitation reaching one inch and nineteen
hundredths. The thermometer hasi a'
averaged 80, the highest
being 92, and the lowest 10.
A ugusta, G eorgia . —Accounts from the crop are not good.
Warm days and cool nights have caused rust and shedding
to a considerable extent. First new bale reached here on
Monday. Two received to date. It has rained lightly on
three days of the week, the rainfall reaching fifty-five hundredtlis of an inch. The thermometer has averaged 79 and
ranged from 86 to 89.
C harleston, South C a ro lin a . —There has been rain on four
days of the week, the rainfall reaching three inches and
twenty-five hundredths. The thermometer has ranged from
70 to 90, averaging 79.
Stateburg, South C a rolin a .— Cotton is doing well. We had
rain on four days in the early part of the week, the precipita­
tion reaching two inches and twenty hundredths. Average
thermometer 75'9, tiighest 84. lowest 86.
W ilson, N orth C arolin a. — T e le g r a m n o t re c e iv ed .

The following statement we have also received by telegraph
s owing the height of the rivers at the points named at 8
o -lock August 10, 1893, and August 11, 1892,______________
____________________________________________

-le g . 40 , ‘ 9 3 . .tu g. 11, '9 2 .
F e e l.

F eet.

New O rleans____ ....A b o v e lo w -w a t e r mark.

5 0
7-5
3-5
2 '2
9-4

M em phis.................A b o v e low-water mark.
Nashville . . . » ..............Above low-water mark.
S h re v e p o rt................... Above lew -w ater m ark.
V le k s -ttir e ..... ____ Above lo w .w a te r m ark.

10-4
12-4
2-4
3-8
21-3

!
i
1

our editorial columns
to-day will be found an article showing tbo results of opera­
tions of Fall River mills during the third quarter and first
nine months of 1893.
India Cotton Movement from all Ports.—The receipts
end momenta of cotton at Bombay have been as follow* for
the week and rear, bringing the figures down to August 10.
F all Riv e r 51i l l

bom eat

D i v i d e n d s . —In

r e c e ip t *

and

| Shipments this week.
rear ' Oreat I Conti _ , ,
'Jtnt’ n. n e n t .

32-3
'91-2
•90-1
•4-90

n im -s iK S T s

fob

four

tear

(J rea l j O o n ti- j
T o ta l. B r i t a i n
n e n t.

1,000 7.000 8 .0 0 0 ' 4 4 .0 0 0
....................................... 6 9 .0 0 0
......... 1,000 i . 000 103.000
......... 3 ,0 0 0 3 ,0 0 0 3 6 9 .0 0 0

*.

Receipts.

S h ip m e n t s s i n c e S ep t. I.

T h is ,
W e ek .

T o ta l.

Sines
Sept, i.

803 ,0 0 0 817 .0 0 0 7 .0 0 0 1,720,000
82H.OOO 897 .0 0 0 6 .0 0 0 ;1 .7 4 0 ,0 0 0
918 .0 0 0 1 ,021.000 16.0 0 0 2,04.1.000
1 . 1 /7,000 1.4 8 6 ,0 0 0 7 ,0 0 0 2,10 7 ,0 0 0

According to tbe foregoing Bombay appears to show
in increase compared with last year in the week’s receipts of
1,900 bales and an increase in shipments of 8,000 bales, and
tbe shipments since Sept. 1 show a d ecrease of 50,000 bales.
The movement at Calcutta, Madras, and other India ports for
.he last reported week and since the 1st of September, for two
year*, has been as follows, “ Other ports’ ’ cover Gevlon,
Tuticorin. Kurrachee and Coconada.
Sh ip* ft*•nt# f o r th e w ee k .
S h ip m e n t § since S ep t. 1.
G rea t

Britain,
C a la o t t a 1894-93...
1891- 9 2 ...
MAlnvf—
1892- 9 3 . ..
1391*92...
All other* 1 8 9 2 -93 ...
13919 2i...
',600
r <tat a il—
1392- 9 3 ...
1 391-92...

i ’606

C on ti*
n e n t.

T ota l.

G rea t
B r i t a in .

C o n tin e n t,

T otal.

1 1 ,0 0 0

43.000
32.0 0 0

54.0 0 0
43.000

::::::

1 0 .0 0 0
2 2 ,0 0 0

6 ,0 0 0
13.000

16.000
35.000

2 ,0 0 0
2 ,0 0 0

2 .0 0 0
3 .0 0 0

23.000
3 5 .0 0 0

63.000
6 8 .0 0 0

91.0 0 0
103,000

2 .0 0 0
2 .0 0 0

2.0 0 0

49.000
68.0 0 0

.112 ,0 0 0
113,000

181,000
1 8 1 ,0 0 0

n .o o o

3.000

E X P O R T S TO E U R O P E F RO M A L L I N D I A .

S h ip m en ts
o a ll M urop*
fro m —

B om bay............
i l l o th e r p ort*
rotal_.

...

T h it
w ee k .

8,000
2.000

S i n c e | T h it
S ep t. 1 , i w e e k .
3 4 7 .0 0 0 !

1 61,000

10,000 i.oos.ooo l

.........
3,000

S in c e
S ep t. 1.

8 9 7 .0 0 0
181.000

3 .0 0 0 1,0 7 3 .0 0 0

T h it
w eek .

S in e s
S ept. 1,

1.00011.0 2 1 .0 0 0
5 .000
240,000
6.000 1,261.000

arrangeoente we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt, The following
»re the receipts and shipments for the past week and for the
sorresponding week of the previous two years.
A l e x a n d r i a RECEIPTS

and

SHIPMENTS.—Through

THE CHRONICLE,

282
A l e x a n d r i a . E g y p t,
A u g u s t 9.

Heoelpte (cantars')—
This w e e k ....
Btnee Bept. 1 .

1890-91.

1892-93.

1891-92.

5,143,000

2,000
4,6 6 4 .0 0 0

4,0 1 3 .o v •

S in c e
T h is
w e e k . 8 e p t. 1.

S in c e
T h is
w e e k . S ep t. 1.

S ince
T h is
w e e k . Sept. 1

Exports (bales)—
To L iverpool.............
To Continent.............

4.000 311.000
4 .000 3 17.000

2,000 329.000
7 ,000 277 .0 0 0

279.000
i ’ ooo 251.000

Total Enrope.........

8 ,000 653.000

9,000 606,000'

1,000|530.000

* A o&ntar is 98 rounds.

This statement shows that the receipts for the week ending
Afig. 9 were ----- cantars and the shipments to all Europe
8 ,0 0 0 b ales.
M an ch ester M a r k e t .—

Our report received by cable to-night
from Manchester states that the market is dull but steady for
yarns but firm for sheetings. The demand for India is poor,
but for China is good. We give the prices for to-day below
and leave those for previous weeks of this and last year for
comparison:
1892.

1893.

32, Cop.
Twist.
J u ly 7
r * 14
1 “ 21
| “ 28
Aug. 4
“ 11

d.
d.
61316®75a
6 78 ®7®8
6% ® 7 k
6k ® 7k

OotVn
Hid.
Uplds

8*4 Ibt.

Shirtingt.
s.
5
5
5
5
5
5

d.
s.
6*3 ® 7
7 ®7
7 87
7 ®7
7 ®7
7k® 7

d.
4
4
4h
4i<
4*2
5

d.
4^8
4h)
4k
4»a
4 7is
4L «

32s

8 k Ibt.
S h ir tin g s .

O op.
T w ist.

8. d.
s.
5 0*506
5 O k®6
5 0 ^6
5 0 *2 9 6
5 0 '®6
4 1 1 '3)6

d.
d.
6 k -® 7k
6 k -®7k
63j g '® 7k
65lfl '®73ie
6 h s ®7>s
6 lifi '®7

Oott’n
Mid
UpLd

d.
6
6
5
5
4k
4

d.
315Ifi
31*16
315)8
•tbs
4

|V o l . L V II,

S h i p p i n g N e w s . —The exports of cotton from the United
States the past week, as per la test m a il returns, have -eached
20,659 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph and published in
the C h r o n i c l e last Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday.
TotaL b a l e s .

Ne w Y o r k —T o Liverpool, per steamers Holbein, 1 ,1 9 5 ___
Tauric, 3 3 2 .................................................. ..........................................
1.517
To Hull, uer steamer Lydian Monarch, 1 .3 0 1 ............................
1,301
To Havre, per steamer La Bourgogne, 45*1— . .......................
452
To Bremen, per steamers Aller, 573 — Elbe, 376 ...................
949
To Hamburg, per steamer Solingen. l o O ....................................
100
To C >panhagen, per steamer Amerlka, 2 5 0 .................................
250
To Gotlieuburg, per steamer Bohemia, 1 0 0 . ................... ..........
100
To Barcelona, per steamer J. Jover Serra, 1 ,3 0 0 ........... - .........
1,300
To Genoa, per steamer Werra, 1 5 0 ......... ..
...............................
150
N e w O rlean s —To Liverpool, per steamers Lassell, s 7 3 ........
Traveller, 4 , 0 5 8 .. ..Vesta. 5 ,3 0 0 .. ._____ __________________ 1 0 ,2 3 1
To Barcelona, per steamer Juan Forgas, 75 ..............................
75
B oston—To Liverpool, per steamers Augloman, 1 ,5 6 0 ........
Roman, 1 ,1 6 3 ....................................................... ............................. . 2 ,723
Baltimore —To Liverpool, per steamers Rossmore, 5 9 9 ........
Sedgemore, 367......... ............ ...............................................
966
To Havre, per steamer Sant.anderino, 1 0 0 ..................................
100
To Antwerp, per steamer Rialto, 2 2 8 .............................................
228
Ph il a d e l p h ia —To Liverpool, per steamer Indiana, 2 1 7 .............
217
2 0 ,6 5 9
TotaL
The particulars of these shipments, arranged in our usuti
form, are as follows:
A n t w ’p ,
B r e m e n C o p en <£ H a m - h u g 'n <& B a rc e H u ll. H a v r e . b u r g .Q o lh e n b . I o n a . G en o a .

L iv e r p o o l.

New York.1,517 1,301
452 1,049
3 5 0 1,300
150
N. Orleans. 10.231 ..................................................
75 ..........
Boston........ 2,723
Baltimore..
966 .............
100 ..........
228 .......................
Philadel’ a..
217 ......................................................................................

T o ta l.

6 .1 1 9
10,3 0 6
2,723
1 ,294
217

C o t t o n C r o p C i r c u l a r . —Our Annual Cotton Crop R e v ie w
will be ready in circular form about Thursday, the 7th of
T o t a l .... 15,6 5 4 1,301
5 5 2 1,049
578 1,375
150 20,6 5 9
September, Parties desiring the circular in quantities, with
Below we add the clearances this week of vessels carrying
their business card printed thereon, should send in their orders ootton from United States ports, bringing our data down t o
the latest dates:
as soon as possible, to ensure early delivery.
N e w O r l e a n s — T o L ive rp ool-A u g. 11 - Steamer Governor, 4 ,4 2 0 .
J u t e B u t t s , B a g g i n g , & c . —The demand has been very
To H avre—Aug. 8 —8teamer Marseille. 2 ,872.
light for jute bagging during the week under review. Tiie
To Progreso—Aug. 5 - Steamer Edmondsley. 1,279.
close to-night is at 4J^c. for
lbs., 5c. for 2 lbs. and 5>£c. N o r f o lk — To Liverpool—Aug. 5 —Steamer Hugo. 1,700.
—To L iverp ool-A u g. 5 —Steamers Cephalonia, 285; Kansas,
for standard grades. Manufacturers are prettv well stocked B oston
1,089.
up, and jute butts have been very quiet. Quotations are B a l t i m o r e - To H a v r e -A u g . 8 -Steam er Govino. 50.
To Bremen—Aug. 2 —Steamer Stuttgart, 3 9 8 ........Aug. 9 -S te a m e r
1 l-16c. for paper grades and 1%@1% c. for bagging qualities.
The A

g r ic u l t u r a l

D

e p a r t m e n t ’s

A

ugust

R

e p o r t .—

T he

following statement, showing the condition of cotton, was
issued by the Department of Agriculture on August 10:
The condition of cotton is reported at 80*4, a decline of a little over
two points since last month. This is the lowest average for August ever
given out by the Department.
The averages by States are: For Virginia, 88; North Carolina. 84;
South Carolina, 75; Georgia, 83; Florida. 92; Alabama, 79; Mississippi,
81; Louisiana, 89; Texas, 72; Arkansas, 89; Tennessee, 83.
The general averages in August for several years are as follows:
1 8 9 2 ,8 2 -.-; 1 8 9 1 ,8 8 -9 ; 1 8 9 0 ,8 9 5; 1 8 8 9 ,8 9 3; 1888, 87*3, and in 1887
it was 93*3.
The present low condition is the consequence of an excess of rain in
the early part of the season, followed by hot, dry weather during the
month of July. Rust is reported as a cause of injury to the crop in
the States ot Alabama and Mississippi, and the boll worm and oaterpillar have damaged the crop more or less throughout the States of
Alabama, Louisiana, Texas and Arkansas. Shedding is also reported
as pccuriing in some localities.
Since 1he 1st of August the drought has been broken and rain has
visited the cotton belt, excepting parts of Tennessee. Mississippi and
Texas, where it is badly needed. In some portions of Mississippi and
Alabama too much rain for the good of cotton is announced.

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:
1893.

|j

j

J u n e.

81
83
86
96
80
80
84
84
HO
85

84
75
83
12
79
81
89
72
89
63

f-2 7|
82-0
85*3|
95-3
80*3
82 3
86*7
79-3
86 0
SG-7!

88
91
87
89
91
91
82
81
75
90

80*4

82-9

■c

Average............................ 85-6

•5

CO
y

63
88
87
98
82
86
87
82
69
92

|J u l y .

North Carolina.......................
South Carolina.......................
Georgia......................................
F lorid a.....................................
Alabama...................................
M ississippi..............................
Louisiana..................................
T e x a s .........................................
Arkansas............................
Tennessee................................

§?
■5

1§>
■5
91
94
88
86
90
85
84
87
77
87

H. H. Meier, 329.
— To Liverpool—Aug. 8 -S team er Britisn Princess, 622.

il a d e l p h ia

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

S a tu r .

Ams’dam, steam.c.
Do
later., c.
Reval, steam ___ d.
Do
la ter........d.
B’lona, d ir e c t.. .d .
Genoa, s te a m ... d .
Trieste, v. Lond’n d.
Antwerp, steam, d.
* Gents t or 1 0 U l b s .

30*
....

30*
....

3ie
....

3ie

31S
Hat
7S2
Sog

816
u 64

731

3~2

X
«
s»

82
83
84
84
83
HO
83
86
75
79

87-0
89-3
86-3
85 M
88 0
85-3
830
847
75-7
85-3

Thun.

k
9e«
42 V
....

k
9a*
42 V
....

3ia
964
k

3ie
®84
k

3ta
9at
*8

F ri.

*8
9e i

42 V
....
816
964
k

30*
30*
30*
....
....
....
3ie ® 13-4 816'®l364 816® ‘ 3^4 3-j,
7<>2'®k
732'® *4 73i® t4
S18
316
3ie
3ie
sia
3I6
316
3ia
732
7S2
732
7S3
7<u
7«*f»k
30*
....

86*9 82 3

85-0

B a l e . —Our

J u l y 28.

Bales of the w^ek............ bales.
55.0 0 0
4 7 .0 0 0
2 .000
Of which exporters took . . .
l.COO
Of which speculators took ..
2,009
3.0U0
Sales American............................
48.0 0 0
37.0 0 0
6,000
11.000
Actual export...............................
Forwarded......... ............................
53.0 0 0
55.0 0 0
Total stock—Estimated............. 1 .3 4 4 .0 0 0 1.2 9 3 .0 0 0
Of which American—Estim ’d 1 .088.000 1 .046.000
Total import of the week.........
27.000
10.000
15.000
10.000
Of which A m e ric a n ...............
3 5 .0 0 0
40.0 0 0
Amount afloat.............................
30.0 0 0
Of which American.................
2 5 .0 0 0

A u g . 4.

A u g . 11.

50.0 0 0
4 0 .0 0 0
1,000
3 ,0 ‘v0
1 ,000
1,000
36.0 0 0
4 1 .0 0 0
5 "0 0
3 ,"0 0
47.0 0 0
5 2 .0 0 0
1,2 8 2 ,0 0 0 1 ,2 4 2 ,0 0 0
1,0 4 1 ,0 0 0
991 ,0 0 0
4 2 .0 0 0
17.000
14.000
19.000
4 5 .0 0 0
45.000
3 5 .0 0 0
35.0 0 0

The tone of the Liverpool market for spots and futures each
the week ending Aug. 11, and the daily closing p r ic e s
cotton, have been as follows:

d a y of
o f sp o t

Telegrams to linml from the cotton-growing districts on Monday
morning reported a further fall of rain—ranging from 5
inches at
Agra to t, inch at Dhollera—over the whole of the area since the pre­
vious Thursday. In tae latter district sowing had not commenced,
owing to too much rain; and at Broach held operations were inter­
rupted. and the crop will have to be re-sow n: but generally the plants
were doing well In the seasonable weather, though a break was needed
In parts of the Bengal ciiele.
Meantime the fall has been only partial, and this morning’ s messages
stale that the plants were flourishing In nearly all the districts, orthat
sowing wasmakine good progress more rain, however, being needed
a t Khangaum, in the Oomra cirele. Be sowing had begun at Broach.

Mid.Upl’ds.

:

S ales...........
Speo. & exp.

tA

F ir st

W e d n e t.

*8
9ai
42 V
....

J u l y 21.

correspondent at Selma tele­
graphs us this evening that the Ar t bale of new cotton
reached that point to-day. Last year the earliest arrival was
on August 12, or one day later. In 1891 the first bale was re­
ceived on August 6 and in 1890 on August 4.
E a s t I n d i a C r o p . —The following is from the B o m b a y P rices
C u r r e n t o f July 14:
S e l m a ’s

T u es .

Liverpool, steam.ef
*8
*8
Do
later., d.
....
....
Havre, reg. line.c. 1332® 7i6 1332®716
Do outside str.d.
....
....
Bremen, steam ..
*8®9M
Do v. Hamb.d.
....
....
Hamburg, steamd.
k
k

L i v e r p o o l .— B y cable from Liveroool we have the following
statement of the week’s sales, stooks, &c., at that port:

1892.

t'
CO
cc

ja

S tates.

Ph

S p ot.

S a tu r d a y M o n d a y .

Market, \
1 :4 5

f

.

m

.J

d
3

F u tu r e s .

Market, )
1 : 4 5 f . M. )
Market, ?
4 F . M.

T u esd a y.

J

j

1

eS
2
o
H

1

W ed n es.

T h u r td 'y .

F r id a y .

Easier.

G ood
dem and.

I n b u y e r s*
fa v o r .

47ia
>
d

1 2 .0 0 0
1 ,0 0 0

4 7i e
1 2 ,0 0 0
1 ,0 0 0

I ’ is
1 0 ,0 0 0
1 ,0 0 0

c
S t e a d y at S t e a d y at
JL-rt4 Hd3 -« 4 d e ­
c l in e .
vance.

Q u ie t a t
2-6* d e ­
c lin e .

I r r e g u la r . Q u ie t b u t
• te a d y .

E asy.

THE CHRONICLE.

Arao*T 12, 1898, J

The opening, highest, iowest and closing prices of futines
at Liverpool for each day are given below. Prices are on
the basis of Uplands, Low Middling clause, unless otherwise
stated:
XW TA< price! are gnven in peace and 64ths. Thus : 4 6 3 means
4 OS-64d. and 5 01 means 5 l-6 4 d ,
S a tu rd a y , M o n d a y a n d T u e s d a y — A u g u s t 5 , 7 a n d 3— H o lid a y s .)

26B

D A t t T CLOSING PK 10E S O P N O , 3 M IX E D O A T S.

Sal,

August delivery.

Hon.
31%

32%
31%
32%

30%

Tues.
31%
3 0%
30%

Thun,

Wed.
31*4
30%
31%

31%
31%
31%

Pn.
3 1 va

31*9

31%
3178
Rye has met with very little inquiry, but prices were quoted
nominally unchanged,
FLOCK.

IU
422
4 24
4 27
428

4 21
423
4 24
4 23
4 27
4

m

A
4 31
4 20
4 20
4 21
4 21
423
4 24
425

4 10 4 20
4 10
4 21 4 21
120
4 22 4 22
4 22
4 3 3 4 23
4 23
4 23 4 2 5 . 4 2 3 4 27
4 2 7 1 4 28 1 4 38
IM

Low .

Open

11

O pm High Lm *. Clct. O pm
± d. , 4,
a. A
i w 4 21 i 19 4 20 4 10
A 20 4 20 A 19 4 10 4 16
A 19 4 2 0 4 1 8 4 10 1 18
A M 4 20 4 1 8 4 10 4 13

fine............... H bbl. $1 75ff$2 15

F rl„ Aug. 11.

ji T h o r s . , A o n . 1 0 ,

4

A u g u s t * .....
A a g ,- 9 e p s . .
B e p t .- O c t ...
O e t - N o v ....
N o r -D e e ...
D e c .J * n ....
J s n -F e b ....
F e b .- M c h . .
M e n -A p r il.
A p r il M ay .

in n . » .

f

W e d .,

d.
A , A
4 10 4 21
*18
4 1 8 4 20 . 4
4 1 8 4 20 ! 4 17
i t s 4 2 t . 4 1.8
4.10 4 21 ! 4 1 9
4 20 4 2 3
4 20
4 23 4 24
4 32
4 3-4 4 25 : * * *
4 23 4 2 7 I * • *
4 2 8 ! *37

A
*W
*1#
4 IS
4 18
410
4 21
4 22
4 24
425
4 27

IS

AM

T
*X f
* 19
4 18
418
4 17
*19
*30
422
4 23
4 24

P aten t, w in te r ............$ 3 2 5 9 * 3 6 5
C ity m ills e x t r a s ____ 3 8 0 t 3 35
B y e flour, su o e rttn e .. 3 0 0 9 3 2 5
2 7 5 B u ck w h e a t flou r................... 9
_____
3 0 0 C o ra m eal—
3 50
W estern, £ 0 .......... ..
2 6 0 9 2 70
-’atent, spring............. 3 7 3 9 1 1 0
B r a n d y w in e ....___
2 75
[Wheat flour in sacks sells at prices below those tor barrels.]

S u p e r fi n e ...................
I r t r a , N o . 3 ...................
S r t r a , No. 1 ...............
H e a r s ...................
S traig h ts ...........................

ViO
d
*17
4 17
4 16
4 17
4 18
4 20
4 20
422
4 24
4 24

1 -* 5 9
2 05 9
2 209
2 30 9
3 009

2 35

2 50

G R A IN .

—

Spring, oer b u s h ...
Bed winter No 3 . .
Bed w in te r ...........

White...................

Oats—M i x e d . b n .
White........................
No. 2 m ix e d ........ .
N o . 2 w h i t e ................

e.
61
O
67*9 9

57 9
60 a
30 9
30 9
32
4 0 % t»

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

o.

C orn, p e r bash ,—
0.
W est'n m i x e d . . . . . 1 6 * 9 9
N o. 2 m ix e d ......... 1 7 * 9 »
70
W estern y e l l o w .
47
70
W estern w h i t e .. ... 47
3 3 >9 B y e w e ste rn , p e r b u s h . 5 4 -9
♦ 5 >9
33
State and J e r s e y .. 5 2 9
4 1 % B a rle y — N o.2W ast’ n.
..
9
S tate 2 -ro w e d ........
..
9
71

69

S t a t e 6 - r o w e d _____

..

0.
50
49
50
49
55
56

9

Agricultural Department's A ugust Report.—The reThe market for wheat flour during the past week lias been port of the Department ot Agriculture for August 1 respect­
a very dull and stupid one ; buyers are quite indifferent, and ing cereal crops was issued on August 10, as follows :
F S iB A T , A u g . 1 1 , 1 8 9 3 .

h e A u g u st r e p o r t o f th e S ta tisticia n o f t h e D e p a rtm e n t o f A g r i­
the fancy grades of spring patents have declined under a cuTlture
sh ow s that th e co n d itio n o f co r n has d e clin e d a little o v e r 6
pressure to sell. The low grades of winter flour, h o w e v e r , p o in t- d u rin g the p o st m on th , the a v e ra g e f o r th e e n tire b re a d th be­
in g %7, as a ga in st 93 2 f o r th e m ou th o f J u ly . T h is d e c lin e is d u e in
are steady in consequence of limited supplies. Rye flour has the m ain to the d ro u g h t w h ich h a s p r o v e d b o th e x t e n s iv e a n d p ersis­
met with a moderate trade at steady prices. Cornmeat has t e n t W hile in s o m e part* o f the.country; t h e c o n tin u e d d ry w e a th e r
has in ju red the c r o p b e y o n d r e c o v e r y , it is n e v e rth e le ss tru e as to th e
sold slowly, but values are without change and steady. To­ la rger p o rtio n o f th e a rea d e v o t e d th e re to th a t im p r o v e m e n t is u o t
p o ssib le b u t w ith a sufficient rain full th ro u g h th e m o u th o f A u ­
day the market for wheat flour was a trifle steadier in re­ ogun ly
st w ill b e assu red . T h e a v e ra g e s in t h e p r in c ip a l S ta tes a r e : O h io
sponse to the advance iu wheat, with a moderate business 8 5. In d ia n * 7 9 , fliin o t* 8 1. I o w a 102, M issou ri 9 5 , K a n sa s 8 2 . Ne­
braska 84. There tu s been a considerable fall'ng off la the condition
done in winter straights ami spring patents.
o f spring w h eat s in ce last m o n th , a m o u n tin g t o s o m e th in g o v e r 10
points, th e a v e ra g e c o n d it io n the p r e s e n t m o n th b e in g 6 7 , as a g a in s t
The excitement noticed iu the market for wheat 72-1
fo r tin uiouth o f J u ly T h e co n d it io n hy S ta tes is a s f o llo w * :
futures last week has entirely disappeared. Immedi­ W iscon sin 7 0. M in n esota 8 7 . I o w a 8 7 . N ebraska 7 8, S outh D a k o ta 63,
N orth D a k o ta 6*i. T h is d e clin e o t 1 0 p o in ts is the re su lt o f th e to o
ately after our last prices made a moderate advance high tem p eratu re and d e ficie n t ra in fa ll in th e sp rin g-w h ea t S ta te s
T h e d rou g h t ha s p re v a ile d o v e r e x t e n s iv e a reas and h a s d o n e m u ch
on unfavorable crop advice* from the West and the
dam age. M uch Utlurs also has b e e n d o n e th is c r o p b y th e ch in ch b u g
belief that the Sherman taw would be speedily repealed; but and ru -t In s e v e ra l o f th e States,
h e co n d itio n o f sp rin g ry e In A ugu st is 7 9 5, a* a g a in s t 8 9 In th e
subsequently the improvement was lost under better crop mTonth
o f J n iy , T h e c o n d itio n o f o a t* ha s fa llen t o p o in ts s in ce th e
J
u
ly
re p o rt, b e in g 7a s , a s c o m p a re d w ith 88-8 la st m o n th , w h ile In
accounts from the Northwest and a slight tinge of disappoint­
A ugust. t * » 2 . It stood at 86*3.
ment among some operators over the President's message.
It is th e lo w e s t co n d itio n re p o rte d In A ugu st fo r m a n y y e a rs , a n d is
to a co ld , w et sprin g, su cce e d e d b y co n tin u o u s d ry . h ot w e a th e r
Yesterday, however, in anticipation of an unfavorable report • dflue
a tin g th e la tte r part o f J u n e a n d th e w h o le o f J u ly .
by the Agricultural Bureau price* again advanced. In the
TJ»* A ugust retu rn * fo r b a r le y sh ow a slight d e clin e In c o n d itio n
that o f last m on th , b e in g 8 l ' i . a g a in s t 85 3 in J u ly , an d p re cis e ly
spot market the inquiry from shippers is less brisk, but the from
the sam e a* it » a * in th e m o n th o f J u n e
T he a cre a g e o f b u ck w h e a t is r e p o rte d a t 9 6 3 , as co m p a re d w ith
purchases still reach a fair total, and yesterday the sales in. 1892,
and rendition at 96 8.
eluded No, 2 hard winter at Ic. under September in elevator,
tin- c o n d itio n o f p o ta to e s has d eclin e d n e a rly 9 p o in t* in th e la s t
m onth a n d c o w sta n d * * t * 6 . T h * c o n d itio n iu A u g u st hao o n ly b o o n
and No. 3 red Toledo and Detroit at 1**c, under September low er tw ic e in the last d e c o d e . T h e ge n e ra l d r o u g h t has b een the
delivered. To-day the market was fairly active and higher cause o t this fa ilin g off, an d rata is n e e d e d b a d ly to p r e v e n t fu rth e r
d isastrou s losses,
on buying by “ shorts" to cover contracts, stimulated by a ^ T h e r e n d itio n o f the tim o th y c r o p fat 6 9-6 , as co m p a re d w ith 9 3 ,2 in
much more unfavorable Government report than expected,
h a y c r o p « « th e w h o le ts la rge and h a s g e n e ra lly b eau secu red
better domestic exchange and stronger foreign advices. The taThe
g o o d co n d itio n , a lth o u gh in s o m e im p o rta n t re g io n s u n fa v o ra b le
spot market was firmer b a t quiet. The sales included No, 2 eondP
ton* ca u se d a r e d u c tio n o f th e c r o p .
red winter at 1tjC.fS 1M e. under September delivered an l T h e ge n e ra l a v e ra g e ot t o b a c c o tali fro m 93 o n J u ly I to 8 2 '2 o n th e
No. 2 bard winter to arrive at 8‘|c. under December delivered. 1stA instant.
still fu rth er d e clin e in th e co n d itio n o f a p p le * I* m a d e e v id e n t b y
o a h .t

o U w ib u

rou es*

MftMgU0« * * * 7 4 «...

September delivery
O cto b e r d e l iv e r y ....

0.
.0.

mu.
mh
w\

o#

7 2%
78%
8 2%

*0 .

SI aao

JfrMk

m
e»\
72 <*

v ru rra *

ruts.

66 %
66%
71
?*%
31%

v n a i 1

Wed.

Thurt.

66%
«s%

67%
69
71%
76
82%

ffr
70%
73%

delivery.
76%
75%
78%
M»y delivery....... .
82%
81%
81%
Early in the week the market for Indian corn futures was
Besom r,er

firm and prices scored a moderate advance on a demand from

“short*" to cover contracts on reports of damage to the crop
by dry. hot weather. Later, advices from the W e st, stating
that rains had fallen caused a reaction, but yesterdav the

market was again stronger on a renewal of crop damage re­
ports by drouth and an expected unfavorable Government
report. The spot market has been dull, but supplies are
limited and values bold drill. Yesterday the sales Included

No. 2 mixed at 4%f£(it48l£c, delivered. To-day. despite the

unfavorable report by the Agricultural Bureau, the market
eased off a trifle on reports of rain West. The spot market
was firmer but dull. Sales Included No. 2 mixed at 4T-V. m
elevator and
delivered.
OAXLT 0 4 0 * 1 * 0 r u e n

K a y d e l iv e r y ............

August d e l i v e r y ........ . . . e .
S eptem b er d e liv e ry ...
October d e liv e r y _____
D e ce m b e r d e liv e r y ...*..o .

Sal.

O F B O . 2 M IX S O

Non.

T u es.

Wed.

T h u r s,

ffr.

*8%
4 «%
48 H
•16%

1” %
*7%
18

50
17%
4 *%
48%
47 %

47%
48 %
49
48

17%
1»%
l “ Ts
48

.»

49%
48%
19%

OOt.lt.

.

the retu rn s o f A ugu st, The in d ica tio n that th e c o m m e r c ia l c r o p
w ou ld b e v e r y lig h t is co n fir m e d at this d a te . In m an y o f th e S ta te* a
com p lete fa ilu re is re p orted .
T he d ro u g h t ha* d o n e d a m a g e to
peaches In th e A tla n tic |>e;M3!! belt- C om p la in t* a r e fre q u e n t o f p rem a ­
ture ripening- C on d ition s - t ill p o in t to a la rgo c r o p m thin s e ctio n ,
h ow ever, and lo ca l sh o w e r* h a v e b en efited t o m e lo ca litie s. A fu rth e r
d eclin e is noted tn M ich iga n , w h ere fru it has d ro p p e d sev e re ly . C ali­
forn ia h»< 3 g o o d c r o p o f e x c e lle n t q u a lity . A n a b u n d a n t c r o p o f
i crap
es is p ro m ise d a t thin d a le .
T he p e rce n ta g e * o f J u ly h a v e g e n e ra lly been w ell m ain ta in ed . D ry
w eather has te n d e d t o ch e e k the s p re a d o f ro t an d m ild ew .

The movement of breadstuff's to market is indicated in the
statement Mow, prepared by us from the figures of the New
Y’ork Produce Exchange. We first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending Aug. 5, 1893,
and since August 1, for each of the last three years:

C h ica g o . . . .
KtiW ftH kM ...
O a la tlj.____
U t o n e * p oll*.
T o l e d o ,..........
b e t r o l t .........
C le v e la n d ...
3 t,
..
P eoria ...........
K a n sa s a t y .

fjo n U ..

flo u r.
Cam .
tv w .
B H t t m b , BashM >U*\B<*hhnUu
78.302
t m . n a 1 ,8(7.52 3
24-350
1 5 1 /6 7

3.7S*
4.08;
13*485
7>'«>

I t 1.650
4 32*380
l ,'i 1 9 .-1 ’
i il.8 3 0
t in ,is ?
528.616

14,930 f
,« . . .
03.100
148,38?
6,800

m .m

Oats,
M 40.5 42
72,000
.. ...
2 8 .5 0 '
07.349
,57,550
179,543
538,800
3 ,77s

Harley.
Hyt.
B u th M U t B u m tf*>
19.832
•
1 ,1 0 1
, . ..
,» . . .
5,271

4 3 ,5 73
7,870
......
...
81,100

45
5 .3 6 3

m jm
80/0*5
1,209
Oats for future delivery have foil owed c irn, being higher
....
m ,m
18.728
.. ..
early in the week on poor crop accounts, then reacted, but
t*-rday rallied a* the monthly report of condition issued T o t .w k , m
99.083
%,hV2 976 2.643.653
27,35*
1,0<W<KM
291.534
78,753
the Government was expected to make an unfavorable * * » * w k .'V t.
390 .411 5,993.257, 1,725*244 2,251.351
63,009
S.75J.1C7
2,233,38:
w * ,m .
29,778 S 7t,917
178,240
2,353,432
wing. The spot market i# irregular; white grades are
scarce and higher, but mixed are more plentiful and lower. 9 m § A ug , 1,
27.353
89.093
2.622.653
4.002.698
3,533.978
294,524
Yesterday No. 2 white sold at 3#4£c.®40hvc, in elevator and 180.1.............
78,753
63.000
2.231.352
5.093.255
1,725.24*
390.411
No. 2 mixed at 88c.g33Me. in elevator. The market to-day m t , ........ .
671.917
2 283.367
3.352.432
178,289
5,752.167
29,778
was a trifle stronger 0 0 file unfavorable Government report,
The spot market was fairly active and firm. No. 2 white sold
The receipts of flour and grain at the seaboard porta for tho
at 4f»i£c. and No. 2 mixed at 82c.t§82b£e.
week ended Aug. 5,1898, follow:

£

THE CHRONICLE.

264
F lo u r ,
W h eat,
A t—
b b li.
b u sh .
N e w Y o r k ... 147,810 2,353,525

Boston...........
M ontreal. . . .
Philadelphia.
Baltimore.. . .
Blohm ond. . .
New Orleans.
Week 1892

51,580
1 3 7 ,-3 0
8,058
170,106
59,545 344,152
86,885 1,161,165
3 ,370
25,730
11,108
142,000

350,491 3,574,533

B a rley ,
bush..

C om ,
b u sh .

O ats,
b u sh .

580,300
1 14,325
352,593
304,329
63,615
30,7 2 4
135,709

4 50,250
74,985
31,331
59,548
31,285
3 ,534
16,947

6,200
2,445

67 0 ,8 8 0
.581.625
649,337 1,284.205

8,645
1,900

H y t,

4 ,000
1,190
2,737

7 ,927
15,238

Below are the rail shipments of flour and grain from
Western lake and river ports for four years:
1890

1893.

1892.

1891.

W eek
A u g . 5.

W eek
A u g . 6.

W eek
A u g . 8.

377,988

2 83,326

275,226

A ug. 9
221,018

W h e a t...............bush. 670,534
Corn............................... 398,571
Oats............................... 1,179,207
Barley...........................
18,638
B y e ...............................
23,866

734,634
291.645
8 73,240
19,254
16,8 9 6

747,411
483,459
1,287,025
3.' 86
34,654

503,815
779,189
1,439.220
10,417
27,348

1,935,669

2,556,235

2,759,989

Floor...................bbls.

Total...................... 2,290,816

W eek

The exports from the several seaboard ports for the week
ending Aug. 5, 1893, are shown in the annexed statement:

[VOL. L V I I .

cate orders are reported by agents. Carpets, flannels and
blankets are all inactive.
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 August 8 were 1,303
packages, valued at $104,915, their destination being to the
points specified in the table below:
1893.
Ne w Y o r k

to

1892.

A ugust 8.
W eek . S in c e J a n . 1.

Great Britain............................
Other European......................
C h in a..........................................
India............................................
Arabia..........................................
kfrlca..........................................
West Indies................................
Mexico.........................................
Central Amerloa......................
South Am erica........................
Other ooun tries........................

140
47
3
288

T otal.....................................
China, via Vancouver........

1,302

Total.....................................

1,302

86
38
41
653
6
... .

W eek .

S in c e J a n . 1«

2 ,465
898
17,252
3 ,399
6,992
5,913
11,607
1,382
2 .904
29,8 9 0
1,529

142
31
1,187
328
325
22
183
6
45
1,270
49

3 ,132
1,114
65,776
3,492
7,558
6,383
9,786
2,148
3,585
28,203
1,761

84,231
19,015

3,588

132,943
11,8 9 0

103,246

3 ,588

.. . .

144,833

• From New Eneland mill points direot.

The value of the New York exports since January 1 have
been $5,012,037 in 1893 against $6,801,953 in 1892.
Orders for staple domestics continue small, and the business
B u sh .
B u sh .
B u sh .
B u sh .
B b ls.
B u sh .
3,746 recorded in brown sheetings, bleached shirtings, wide sheet­
195,372
26,325
281,145
64,094
NewYork 1,129,751
48.519
210,047
78.013
Boston...
ings and colored cottons of all kinds has not risen above previ­
211,077
13,403
24,993
25,636
257,923
19,098
Montreal
ous restricted dimensions. Prices are unchanged all round so
16,514
Philadel. 345,956 248,050
far as open quotations go, but with actual business in view
127,846
45,295
Baltim’re 728,604 277.409
1,077
N. Orl’ns. 233,183 3 82,502
sellers are easy to deal with, and much quiet irregularity
43,2 6 4
N. News.
280,000
121,585
exists. All other staple cotton goods are entirely without
Norfolk..
change from last report. More business in dark prints is re­
Portland.
ported by jobbers, but the demand at first hands continues
Tot. week 3,185,464 1,599.781
445,995
128,487
51,318
29,382 slow in the extreme. Ginghams are neglected all round.
B'me time
1 8 9 2 ... 3,107,886 393,943
325,787
285,986
38,870
76.377 The print cloth market is stagnant. Prices are nominal on
the basis of 2%c. for 64 squares. The current production of
The visible supply of grain, comprising the stocks in granary Fall River mills has been reduced by stoppages of machinery
at the principal points of accumulation at lake and seaboard by some 100,000 pieces per week, but stocks show a further
ports, Aug. 5, 1893:
increase.
C om ,
W h e a t,
O ats,
B a r le y ,
B ye,
E x p o rts
fro m —

W heat.

I n s to r e at—

C om .

b u sh .

New York............ 9,553,000
Do afloat___ .
524,000
A lban y...............
. 1 ,741.000
,18,846,000
. 1,065,000
, 4 ,327,000
T oledo............... . 1,467,000
Detroit............... .
871,000
O sw ego_______
. 3,418,000
Cincinnati.
1,000
,
372,000
.
108,000
.
354,000
Philadelphia... .
858,000
.
101,000
.
2 33,000
Kansas C ity.. .
4 30,000
, 1,566,000
. 8,847,000
On Mississippi..
137,000
On L a k e s...
1,702,000
On canal &r
• 2 ,904,000
T otals—
Aug. 5, 1 8 9 3 ..5 9 ,4 2 5 ,0 0 0
July 29, 1 8 9 3 ..5 9 ,3 5 0 ,0 0 0
Aug. 6, 1 8 9 2 ..2 6 ,0 8 1 ,0 0 0
Ang. 8 , 1 8 9 1 ..1 7 ,9 5 4 ,0 3 2
Aug. 9, 1 8 9 0 ..1 8 ,4 9 0 ,4 9 2

F lo u r .

b u sh .

O ats.

b u sh .

bu sh .

1 63,000

71,0 0 0
1,000
25,000
7,000
67,000
32,000
1,000
24,000
9 ,000

2 50,000
184,000
32,000
233,000
1,544.000
3,000

29,000
1 27.000
352 ,0 0 0

210,000
1,000

54,0 0 0
45,0 0 0

193,000
2,000
541,000
49,000
453,000
19,000
8,000
67,000
724,000
8,000
203,000
1 ,8 54,000
315,000

........

51,000
1 ,000
16,000
7,000
1 14,000
133,000
157,000
15,000
7 ,000
90,000
13,000
4,000
271,000
12,000

6 .893.000 1 ,661,000
1.702.000
8,837,000 5 .0 51.000
3 ,800,447 2,103,441
11,103.270 2 ,259,713

8.022.000

R ye.

...

2,000
1,000
53,000
4 ,000
1,000
2,000
27.000
3,000

3 30.000
2 94.000
2 3 2 .0 0 0
901,802
488,196

P ea s.

bu sh.

34.00(1

2,000

51,000

1893.
S to ck o f P r i n t C lo th s —
A u g . 4.
Held by Providence manufacturers. 182.000
Fall River manufacturers................. . 366,000

Total stock (pieoes)........................ 5 4 8 ,0 0 0

1892.

None.
None.

1891.
A u g. 6.
4 1 9 ,0 0 0
4 5 5 ,0 0 0

None.

8 7 4 ,0 0 0

A u g . 5.

F oreign D r y G oods.—A slight increase in small orders

for dress goods and silks is reported in this department, but
business is much below seasonable dimensions. The stock of
unsold foreign merchandise is considerable, having been in­
creased by numerous cancellations of import orders. Prices
1.000
20.000 are unchanged in the absence o f general demand.
53.000
58.000

33.000
89.000

I m p o r t a t i o n s an d . W a r e l t o u s e W i t l i d r a w a l s o f D r y G o o d s .

The importations and warehouse withdrawals o f dry goods
"iio'o'o at this port for the week ending August 10, and since Jan. 1,
1893, and for the corresponding periods of last year are as
follows:
18,000

360.000
359.000
377.000
65,708
362,559

T H E DRY GOODS T R A D E .
N e w Y o r k , F rid a y , P . M „ A u g u st 1 1 ,1 8 9 3 .

Reports of business at first hands fail to reveal any material
improvement on late experiences. Although the presence of
more buyers in the market seems to indicate an increasing
interest in the situation, actual results do not show an ex­
pansion in the business passing. Orders are uniformly small
for all descriptions of merchandise, and there is still but little
provision being made for future requirements. Road busi­
ness is just as indifferent as spot trade. The tone of the
market is weak and prices irregular, but no further reduc­
tions in open quotations have been made. The stoppage of
mills has reached large proportions, reducing the output of
textile fabrics by some twenty-five per cent. Stocks are
fairly large, but are not likely to increase abnormally under
present conditions. In the jobbing trade a better demand has
been noticeable than at any time since the opening of the
season. Individual purchases seldom show any expansion,
but there are more buyers operating. Collections at first
hands are without improvement, but slightly better with job­
bers. The failure of James A. Walker & Co. of Chicago at the
close of last week was hardly a surprise to the market, upon
which it exercised singularly little influence.
D o m e s t i c W o o l e n s . —This department has passed through
another exceedingly dull week. Buyers show, if anything,
,8 disposition than before to place orders for goods not ab­
solutely required, and these requirements are evidently
abnormally small. Prices are weak and irregular but
apparent cheapness is no temptation to either jobbers or
wholesale clothing manufacturers. A number of the largest
mills have cut down their production materially while others
have closed entirely, but this does not so far impart anv
steadiness to values in men’s-wear materials. More business
is doing in dress goods by jobbers and occasional small dupli­

THE CHRONICLE.

A racsT 12, 1893.]

S tate

C ity

anp
TERM S

OF

265

made. A part of the Eighth Ward has been included in the

P s f A f i T M ^ N T , Twenty-second, a part of the old Twenty-second Ward has

S U B S C R IP T IO N ,

C om m ercial a n d F in an cial C H R O N IC LE conlain* 40 to 64 pages published every week.
Stale and City Supplem ent of CHROXICL.E con­
tains ISO pages published periodically.
Investor#’ Supplem ent of CH R O N IC LE (a Cyclo
paedia of Railroad Securities) contains 160 pages published
every other month,
________
Subscription to CHRONICLE for one year $ 10,00,
which includes everv issue o f both Supplements .
T h e purpose o f till# State and City D e p a rtm e n t

is to furnish our subscribers with a weekly addition to and
continuation of the State and C it y S upplement . In other
words, with the new facts we shall give, the amplifications
an ! corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
State and Cit t S upplement to as near the current date as
possible. Hence if every Subscriber will note in his S u pple ­
ment on the page designated at the head of each item a
reference to the page where the item in the Chronicle can
be found, be will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts.
NEW ASSESSMENTS AND APPROPRIATIONS.
We give below a number of statements showing the results
of recent assessments for taxation, the newly fixed tax rates
in many municipalities, and in a few cases the amount of the
appropriations made to meet the expenses of the coming year.
T or convenience of reference the statements are arranged
alphabetically.
Boston, Mass—The Assessors* report of tax valuations in
this city for 1898 rates the real estate at #707,761.300, a gain of
#27,482,200 on the 1892 valuation, and personal property is
valued at #210,372,000, showing an increase of $3,876,200.
The total increase in both real and personal property t» #90,158,400. The tax rate for 1893 has been fixed at $12 80 per
$1,000, including the county tax, 6*.»-7'.; State tax, #0*93. and
city tax proper, $11'13. The following statement give* the
valuation and tax rate at various period# since 1870.

been taken into the Ninth, and the present Twenty-third
Ward includes a part of the old Twenty-fifth, The Fourth
and Nineteenth wards include the same territory as last
year, and their real estate valuation has been decreased by
$769,347 and $170,670 respectively. The ratio of assessed valu­
ation of improved real estate to actual value is quoted at about
70 per cent, while in the case of unimproved real estate the
ratio is about 50 per cent. The total valuation of property
exempt from, taxation, as made by the Brooklyn Board of
Assessors, is $78,213,875, divided as follows: Navy Yard,
$24,000,000; church property, $13,307,000; cemeteries, §7,320,000; Pratt Institute, §1,200,800; Kings County property, §2,170,300; church parsonages, $134,700; ministerial exemptions,
$101,700; New York State armories, $357,600, and public
buildings, fire stations, police stations, parks and bridges,
§21,954,030. The city’s tax budget for 1894 amounts to #11,165,835, an increase o f $557,453 on the total amount allowed
f o r 1893. A part of the increase this year is necessitated by
deficiencies which occurred last year.
D enver , C o l . — Property within the limits of the city
of Denver has been valued for taxation this year at
$76,556,090, this being an increase of $3,005,675 on the valu­
ation for 1892. In reporting the figures for 1893 to Mayor
Rogers, the County Assesssor writes as follows : “ The limits
or boundaries of the city of Denver for assessment purposes
for 1893, according to my construction of the law, are the
limits or boundaries as they existed on January 1, 1893, when
the assessment commenced,”
The city attorney has been instructed by the counci] to take
steps to have the recently-annexed portions of the city as­
sessed, Real estate is said to be valued for taxation at about
1-5 to 1-3 of its actual market value.

Fitcbburct, Mass.—The Fitchburg Common Council has
passed this year the largest appropriation bill which lias ever

been presented in that city. The total amount is $370,255, in­
cluding #71,4*2 for interest and sinking funds and $80,080 for
school building and school support. The total valuation of
real and personal property last year was #17,065,34". and the
tax rate was $16 W per #1,000. The valuation for this year
baa not yet been reported.

Holyoke, Mass.—Holyoke’s tax rate for 1893 has been
fixed at $15*80 per $1,000 and the tax-pavers are well pleased
■Ame/md V a lu a tio n -— —— — — -M u ttf ot f T a t that at this perks! of depression in the money market the
Year$—
Rtal.
Fermnat.
To tal.
p e r MjO&O.
1803........... #707,762,300
$2J».;«72,0n< i
$ 0 2 4 ,1 3 4 .
#12*80 assessor* should be able to determine upon a much lower rate
}■?»?.........

68O.27M00

1890.........

«19,990,273

1 8 0 1 .............

e-W ASts.375

I f f i ...........
1 8 6 8 .............
1 « S .............

V..LVMI. .7,'.
5 8 3 ,0 1 4 .4 7 8
5 4 7 ,1 7 1 ,1 7 5

1 8 8 0 .............
1 8 7 0 .............

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

18*8...........

517,503,975

2 13 ,8 0 5 .8 0 0
204.H U7.7W
2 0 2 ,0 5 1.5 2 5
2 0 1 ,6 3 3 ,7 6 0
2 0 1 .4 3 0 ,2 7 3
2 0 0 ,4 7 1 ,3 4 2
1 9 3 ,1 1 8 ,0 0 0
2 0 2 .0 0 2 ,3 9 5
21 9 ,4 0 6 .3 0 0

* # 3 ,0 7 3 .7 0 0
855,068^075
8 2 8 ,0 i t . * »
7 0 5 , *.'13.7*4
7 6 4 ,4 5 2 ,5 4 8
7 *7 ,0 4 2 ,5 1 7
7 1 14.621,335
8 3 0 ,4 6 2 ,4 0 5
584.0*0,4130

13-00
12-60
13*30

Tram.

Real.

and

Cit y S u pple m e n t.
rill uhHqu

1 5-30

B a ll o f T a j

I’wmmtA
Total.
per $1,000.
#19,923,170 # 5 0 6 ,0 2 0 .3 5 0
1 * 9 2 .............
4 6 7 .1 1 2 .3 * 2
l«i.6t 5.047
4 * 3 ,7 2 * .3 2 0
#27-70
1 * 0 1 ............
U S .8O 2 .4 70
18.111.77#
4 0 6 .9 1 1 .2 4 9
25*67
1 * 0 0 ....... .
4 8 0 ,9 1 1,7B4
$ -.2 ,7 5 -.*;..I
21.*46.807
29*482
1M9............ 407,127,333
3 3 8 ,2 7 0 ,6 0 7
2 1 .3 3 0 ,5 4 6
26-50
1 * * 8 ............... .185,904,90*
3 5 1,14 0 ,0 6 *
222397.240
26 503
1 * 8 7 .............. 3 62 .16 fl.0 8 3
31,8 *5,59 1
27*59.5
3*3,8.51.074
1 8 8 6 ............... 339,<122.*12
1t,217.276
408,803^*88 27-347
22,019.310
*12*. $38.0*1
*29-4*2
11,215.794
234,835,991
2090
BBIcS?
According to the recent report of the B >ard of A m m o n ,
only five wards out of the city's twenty-eight show a decrease
in the valuation of real estate during the pas', year, and in
three of these cases the decrease is accounted for by the reapportionraent of property since the 1892 assessment was
1 893 .............#4J »«,4»7.J8 0

T h e assessed

1808 is $19,032,550 ; personal
12-00 p r o p e r t y , #8,090,850; t o t a l a s s e s s e d v a l u a t i o n , $33,123,400;
13 to
13-4 0 a n d t h e g a i n o n l a s t y e a r 's a s s e s s m e n t is $1,150,110. I n the
12*70
15 20 f o l l o w i n g t a b l e t h e f i g u r e s f o r t h is y e a r a r e g i v e n i n con­

The number of pills this year is 139,757, against 130,878 in
1893.
B r a i n t r i i b , M a n s .— According to the report o f Braintree
Assessors recently made public the valuation of real estate
for the year 1893 is $8,339,036; personal property, #1,096,135:
total assessed valuation, #4,425,150. These figures show a
gain of $ 2 0 2 ,3 3 0 over the total vaiuation last r e a r a n d a n in ­
crease o f $975,000 since 1 890. The tax rate f o r this year has
been fixed at $16 80 per #1,000,
B r o o k l y n , N . Y . — T h e Brooklyn a s s e s s m e n t s f o r t h i s year
show a n in c r e a s e o f #19,881,801 o n t h e v a l u a t i o n o f real estate
in 1892 a n d a n in cr e a s e ! o f #2.907,323 in t h e v a l u a t i o n o f per­
sonal p r o p e r t y . T h e 1893 f i g u r e s a r e g i v e n in t h e f o l l o w i n g
t a b l e , in c o m p a r i s o n w i t h t h o s e f o r p r e v i o u s years, w h i c h are
ta k e n fr o m o u r S t a t e

t h a n h a s b e e n l e v i e d in a n u m b e r o f y e a r s p a s t .
v a lu a t io n

of

rea l

-s ta te

fo r

n e c t i o n w i t l i t h e v a l u a t i o n a n d t a x r a t e i n p r e v io u s y e a r s , a s
r e p o r t e d in o u r S t a t e

Y'ttn—
1 3 9 $ .* ...*
1 8 9 2 .......... .......
........
IS * 6 ....... .
1 * * 2 .........

and

~—

■•—-~Am
Real

la jm jis o
1 6,0 1 1 ,8 7 0

C it y S

upplem ent.

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

----- ----------------Rale of Tax
Total
p er $ 1 ,0 0 0 .
$15*80
17-50
'1 8 * 0 0
18*20
15-40

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

The tax levy for 1893 amount* to $425,039, of which $366,«
961 Is for city purposes, while in 1892 $445,489 was raised, of
which $399,080 was for city use. The assessed valuation of
real estate is reported to be about 60 per cent of its actual cash
value,
Hudson C o u n t y . N. J,—The Hudson County Tax Board
has completed its tables for 1893-94, the result showing $130,299,002 of real estate and $11,382,310 of personal property;
total, #141,591,212. This rating makes the increase in the val­
uation of real estate #6,831,386 since the rolls far 1891*92 were
made up. the increase in personal property valuation being
$1,274,79*2, Hudson County, it will be remembered, includes
the cities of Jersey City, Hoboken and Bayonne,
J ersey Cmr, N. J.—Jersey City's tax budget for 1893-94
amounts to $1,979,693, wbich is a decrease of $148,458 on the
amount allowed last year. The tax rate will probably be
#37 58 per $1,000 against $28 40 in 1892.
K a n s a s . — The State Board o f Railway Commissioners in
Kansas have reported the total valuation of railway property
for the y-ar 1898 at $61,984,407, the 1892 valuation being
#51,404.543 and tlie increase for the year $10,579,863.

THE CHRONICLE
M issouri.—The State Board of Equalization has completed

an assessment o f railroad, telegraph and bridge property for
taxation the present year and the result is as follows ■ Rail­
road property, $62,023,417 19; bridge property, $2,450,000; tel­
egraph property, $923,510 90; total, $65,396,828 09. This is a
total increase over last year’s assessment of $1,511,870 11.
N a tick , M ass.—The Natick Assessors have finished their
work and the tax rate for 1893 is to be $18 40. The city’s total
valuation is $5,514,650, real estate being $4,545,100 and per­
sonal property $969,550. The decrease is $67,830.
N e w po rt , R. I.—According to the report of the tax assess­
ors in Newport the present valuation of real estate is $27,757,000 and of personal property $7,096,800, a total of
$34,853,800. The tax rate is ninety-two cents on each $100,
and the amount of tax assessed is $320,654 96. The following
includes the new figures and those for previous years, taken
from our State and City S upplement :
,------------------Assess id Valuation----------------- . H ate o f Tax
T ear.

R ea l.

P e r s o n a l.

1 8 9 3 .................... $ 2 7 ,7 5 7 ,0 0 0
1 8 9 2 ...................... 27 .3 1 1 .4 0 0
1 8 9 1 ...................... 2 6 ,1 53.900
1 8 9 0 ...................... 25 ,3 5 6 ,9 0 0
1 8 8 6 ........................................
1 8 8 2 ........................................

$ 7 ,0 9 6 ,8 0 0
7 ,0 3 5 ,9 0 0
6 ,8 9 0 ,2 5 0
6 ,863,750
.............
.............

T otal.

p e r $ t , 000

$3 4 ,8 5 3 ,8 0 0
34,347,000
33 ,0 4 4 ,1 5 0
32 ,2 2 0 ,6 5 0
28 ,5 4 0 ,3 0 0
2 6 ,2 91,300

$ 9 '2 0
940
960
1000
9 '8 0
10'50

P h ila d e lph ia , Pa .—The board of revision of taxes in Phil­
adelphia has prepared a statement showing the total real and
personal property in the city subject to city tax for 1893 to be
$752,763,382, of which $749,358,447 is real estate. The real and
personal estate for the year 1892 was $735,696,772, showing an
increase for this year of $17,066,610. The increase for 1892 over
the previous year was $21,793,930.
R ichmond, Y a .—The subjoined statement gives the assessed
valuation of real estate and personal property in the city of
Richmond since the year 1885, and it includes the figures for
this year recently reported.
,------------------- A s s e s s e d V a lu a t i o n . ---------------------.
T ears.

R e a l.

P e r s o n a l.

1 8 9 3 .............. $4 2 ,3 4 2 ,6 3 8
189 2 ................ 4 1 ,3 89,021
189 1 .................. 40,3 4 3 ,5 5 5
1 8 9 0 .................. 35,3 4 1 ,6 5 2
188 9 .................. 34,9 6 4 ,0 0 0
1 8 8 8 .................. 3 4 ,6 60,000
1 8 8 7 ................. 3 3 ,9 70,000
1 8 8 6 .................. 3 3 ,5 18,000
1 8 8 5 .................. 3 2 ,3 48,000

$20,71 6 ,4 2 9
19,725,547
18 ,2 2 9 ,9 7 2
1 6 ,6 40,637
1 6 ,9 03,000
1 4 ,1 32,000
14,360,000
14,576,000
13 ,7 5 2 ,0 0 0

T o ta l.

$ 6 3 ,0 7 9 ,0 6 7
6 1 ,1 14,568
5 8 ,5 73,527
51,982,289
5 1 ,8 67,000
48 ,7 9 2 ,0 0 0
48 ,3 3 0 ,0 0 0
48 ,0 9 4 ,0 0 0
4 6 ,2 00,000

C ity T a x

per$l,000.
.........
..........
14 00
14 00
14 00
14 00
14 00
14 00
1400

S a l e m , M a s s . —The assessed valuation and tax rate in Salem
have recently been fixed for 1893, and the new figures are in­
cluded in the following table, which gives corresponding data
for previous years.
>--------------------------- A s s e s s e d V a lu a ti o n . ------------------------------ ,
T ea rs.

R ea l.

1 8 9 3 .. $15,75 1 ,4 0 0
1 8 9 2 .. 1 5 ,3 93,300
1 8 9 1 .. 14,778,700
1 8 9 0 .. 1 4 ,2 89,500
1 8 8 9 .. 13,9 9 8 ,GOO
1 8 8 8 .. 13,773,600

P e r s o n a l.

$1 2 ,5 5 5 ,8 0 0
11,034,576
11,450,018
11,888,690
1 2 ,0 56,951
12,577,728

A d d it i o n a l .

T otal.

.............
30,700
5 ,600
20,7 0 0
2 ,800
24,0 0 0

$28,307,200
26,458,576
26,234,318
26,198,890
26,058,351
26,375,328

T a xper

$1,000
$17-30
16-00
18-00
17-00
17-50
16-00

B o n d P r o p o s a ls a n d N e g o tia tio n s.—We have re­
ceived through the week the following notices of I onds
recently negotiated and bonds offered and to be offered f< r
sale.
Amora, Neb.—The citizens of Amora have recently voted
in favor of issuing bonds for an electric-light plant.
Arlington Heights, Ohio.—We are informed by one of the
city officials of Arlington Heights that at an election held on
July 31, to vote on issuing $5,000 of water-works bonds, the
proposition was defeated.
Boston, Mass.—(State and Cit y Supplement , page 21.) I
Notice is given that Alfred T. Turner, City Treasurer, offers
for sale bonds of the city of Boston as follows :
Registered certificates, payable 1912 and 1913, a t.......................
101
Coupon bonds, payable 1913. at..........................................................
"l0 2
Registered certificates, payable 1923, at......................
.................... 102
Coupon bonds, payable 1923, at.......................................................... 103

Special rates mav be made for lots of $15,000 or over, but
the bonds will not be sold for less than par, and the right
is reserved to change the above rates or withdraw the offer
without notice.
The above-mentioned bonds were previously advertised for
sale on August 2, at which time only one bid was received,
that being for $10,000 of public park bonds at par and accrued
interest. The total amount includes five issues, which are
described below :
LOANS—

W h en D u e .

H IG H W A Y S —

4s, J&.J, $ 2 5 0 ,0 0 0 ....... July X, 1913
I m p r o v e d 8 kw h it a g e 48, J&J, $ 5 0 ,0 0 0 ......... Jan. 1 ,1 9 1 2

M

u n ic ip a l

P

u rposes—

4s, A &O , $ 1 0 0 ,0 0 0 ... .A p r. 1, 19:
4s, A & O , 3 0 0 ,0 0 0 ... .A p r. 1 ,1 9 ;
P

u b l ic

P

a r k

—

4s J& J, $ 3 0 0 ,0 0 0 ....... J u ly 1 ,1 9 5

The bonds for sewerage and municipal purposes will
register! d ; the others may be registered or coupon, as desire
Interest will be payable at the office of the City Treasurer.
Ballard, Wash.—Water-works bonds of this city to t
amount of $60,000, sewerage bonds to the amount of $40,C

[V o l.

Lvn.

and electric-light bonds to the amount of $11,000 have recently been voted by the Council.
Bellaire, Ohio.—(S t a t e a n d C i t y S u p p l e m e n t , page 78.)—
It is reported that improvement bonds of this city to the
amount of $25,000 are being offered for sale.
Cincinnati, Ohio.—(S t a t e a n d C i t y S u p p l e m e n t , page
78.)-Street improvement bonds of the city of Cincinnati to
the amount of $90,000 have recently been authorized, the
bonds to bear interest at the rate of 4 per cent.
Columbus, Ohio.— (S t a t e a n d C i t y S u p p l e m e n t , page 80.)
—Sealed proposals will be received until Sept. 6 at the office
of John M. Doane, City Clerk, for the purchase of avenue im­
provement bonds to the amount $18,000; interest at the rate
of 6 per cent will be payable semi-annually, and the bonds
will become due Sept. 1, 1903, but may be redeemed in their
numerical order at any time after Sept. 1, 1894.
Elbert County, Ga.—An election will be held in this county
on August 23 to vote on the queston of issuing court-house
and jail bonds to the amount of $40,000.
Eljria, Ohio.—City Clerk L , C. Kelsey writes the C h r o n ­
ic l e
in reference to $11,417 28 of street improvement
bonds offered for sale on August 5, that no bids were received
for the loan. The bonds are dated August 1, 1893, bear in­
terest at the rate of 6 per cent per annum and mature at the
rate of $1,902 88 yearly from August 1, 1895, to August 1,
1900.
Franklin County, Ohio.—(S t a t e a n d C i t y S u p p l e m e n t ,
page 81.) Bids will be received until August 19, at the office
of Henry J. Caren, County Auditor, for the purchase of $8,000
of Pleasant Corners and Stringtown free turnpike bonds. The
bonds will be dated August 19, 1893, will bear interest at the
rate of 6 per cent per annum, payable semi-annually, and will
mature at the rate of $1,000 semi-annually from September 1,
1896, to March 1, 1900.
Bids will also be received at the County Auditor’s office, un­
til August 21, for the purchase of $40,000 of North Fourth
street improvement and extension bonds. The loan will be
dated July 1, 1893, with interest at the rate of 6 per cent, pay­
able semi-annually, and will become due at the rate of $2,000
yearly from January 1, 1894, to January 1,1913. Both princi­
pal and interest will be payable at the office of the County
Treasurer, Columbus.
Henrietta, Texas.—This city will issue water-works im­
provement bonds to the amount of $15,000.
Hingham, Mass.—Authority has been granted this town to
issue notes or bonds not exceeding $50,000 for an electriclight plant, the bonds to bear interest at the rate of 4 per cent
or less.
Hoquiam, Wash.—The people of this town have recently
voted in favor of issuing bonds to the amount of $24,000 for a
supply of water from Fry Creek. Town Treasurer W. O.
Bradbury writes us that the bonds will bear interest at the
rate of 6 per cent, payable M. & S., at Hoquiam, or in New
York, and will become due September 1, 1913. He also
states tbat the town has at present only a floating debt of
$10,288. Its assessed valuation for 1893, which is one-half of
actual value, of real estate is $375,640: personal property,
§110,231; total, $485,871.
Hudson, N. Y .— (S t a t e a n d C i t y S u p p l e m e n t , page 48.)—
We are informed by R. M. Shults, one of the city officials,
tbat no bids were received for the $55,000 of bonds which
were offered for sale on August 1. The sale has now been
postponed until September 1. The above amount includes
$25,000 of street improvement and $30,000 of school-house
bonds, all bearing interest at the rate of
per cent. Inter­
est on the street improvement bonds is payable annually, and
the loan matures at the rate of $1,000 yearly from August 1,
1908, to 1912, and then at the rate of $2,000 yearly from
August 1, 1913, to 1922, the City Treasurer reserving the right
to redeem the whole or any part of the loan after August 1,
1903.
Kern County, Cal.—The citizens of this county will vote on
Sept. 12 on the proposition of issuing bonds for new roads, a
county hospital and a hall of records. The amount of the
bonds will be about $250,000.
Kingsley, Iowa.—J. A. Ingalls, one of the city officials,
writes the C h r o n i c l e concerning the 6 per cent water-works
bonds which were offered on August 7 that no sale was ef­
fected.
Meridian, Miss.—(S t a t e a n d C i t y S u p p l e m e n t , page 72).
—The people of this city will vote on the proposition of issuing
sewer bonds to the amount of $250,000.
Methuen, Mass.—Bonds of this town to the amount of
$150,000 will be issued for water works.
Milwaukee, Wis.—(S t a t e a n d City S u p p l e m e n t , page 102.)
—It is reported that school bonds of this city to the amount
of $250,000, water-works bonds to the amount of $125,000 and
street improvement bonds to the amount of $50,000 will be
issued at once.
Mount Vernon, N. Y.—(S t a t e a n d C i t y S u p p l e m e n t , page
50.)—Bids will be received until August 15 by the Common
Council of Mount Vernon for the purchase of $6,432 91 of as­
sessment bonds. Interest on the loan will be payable semi­
annually at the rate of 5 per cent per annum, and $3,000 of
the amount will mature July 8, 1896, and the remaining
$3,432 91 July 8, 1898. Principal and interest will be payable
at the Bank of Mount VemoD. By statute the bonds cannot

THE CHRONICLE.

AUGUST 12, 1893.]

2n7

be sold for less than par and accrued interest, and they $435,600: State tax (per 81,000) 86-0875, county tax (per $1,000)
will be delivered on or before August 30, 1893.
$16-20, city tax (per $1,000) $17, average school tax $20.
Oakmont, Pa.—School district bonds to the amount of $32,Nelsonville, Ohio—A letter received from Even Wilson,
Tillage Clerk, states that no bids were received for the #60,000 000 will soon be issued.
of water works bonds and 810,000 of sewer bonds which were
Oregon City, Ore—(S t a t e a n d C i t y S u p p l e m e n t , p a g e
offered for sale on July 38. The bonds are dated May 1,1892, 1 4 7 .;— I t is r e p o r t e d t h a t b i d s w i l l b e r e c e i v e d f o r t h e p u r c h a s e
and bear interest at the rate of 5 per cent, payable semi­ o f w a t e r - w o r k s b o n d 3 t o t h e a m o u n t o f $ 1 0 ,0 0 0 .
annually. They are issued as provided for by an act passed
Paterson, N. J.—( S t a t e a n d C i t y S u p p l e m e n t , page 63.)
by the ’.eneral Assembly of Ohio, March 17, 1891.
—Bids will be received until Aug. 33 for the purchase of $50,Nevada, Mo.—An election which recently took place in 000 of 5 per cent school bonds and $75,000 of 5 per cent City
Nevada to vote on issuing school bonds resulted in favor of Hall bonds, interest on the bonds will be payable semi­
annually, the school bonds falling due at the rate" of $35,000
the proposition.
year on Aug. 1, 1908 and 1909. and $5,000 of the CityNew York City—(S t a t e a n d C i t y S u p p l e m e n t , page each
"bon Is falling clue April 1, 1907, the remainder being
50.)—Comptroller Myers reports to the C h r o n i c l e that the Halt
at the rate of $10,000 yearly thereafter.
$319,214 84 of consolidated stock of the City of New York, payable
loans were previously advertised for sale on July 26,
known as school-house bonds, was awarded on Aug. 7 to at These
w hick time, it is repotted" no bids were received.
the Commissioners of the Sinking Fund at par, theirs being
Pender. Neb.—An election will be held in this city to vote
the only bid received. The bonds will be exempt from city
and county tax, will bear interest at the rate of 3 per cent, on the proposition of issuing water-works bonds to the amount
payable M, and N, and will mature Nov. 1,1911.
of $12,000,
Norwood. Ohio.—Bids will be received until August 25 by
Philadelphia. P a . — (S t a t e a n d C i t y S u p p l e m e n t , p a g e
W . E. Wicbgar, Village Clerk, for the purchase of street im­ 69.) Notice has been revived from Mayor Edwin S. Stuart
provement bonds to the amount of $23,089 87, The loan will that $838,000 of the $875,000 serial loan of the City of
be dated July 26, 1893, will bear interest at the rate of 6 per Philadelphia, offered for sale on August 7, was awarded to
cent per annum, and will mature part veariy from July 26, the Girard Estate at 100-3. $50,000 to the City of Philadelphia
Police Pension Fund Association at 10M,, and the remaiuing
1894. to July 28, 1903.
to Emory. Freed & Co. at 104. The loan (which is ex­
North Platte, Neb.—City Clerk John Sorenson will receive $2,000
empt from all taxes) will tear interest at the rate of 4 per
bids until August 21 for the purchase of $10,000 of electric- cent,
payable J. and J., and $175,000 of the amount will
light bonds. The bonds will bear interest at the rate of 6 per
yearly from December 31. 1918, to December 31,
cent per annum, payable annually on Septem rer 1, and will mature
1922. This is the Last of a loan of $3,500,000 authorized by or­
mature September 1, 1913. with an option of call after Sept. dinance
of Councils, approved February 6, 1893.
1, 1903. A tax of two mills on the dollar has been levied to
PhllUpsbnrg, P,».—The citizens of Phillipsburg have voted
pay the interest falling due September 1, 1894.
The city's present outstanding indebtedness is composed of in favor of issuing bonds for paving and sewerage.
warrants and unpaid bilk to the amount of $9,000. Its as­
Piedmont. W. Va.—Bids will be received until August 18
sessed valuation in 1892 (which b one-fifth of actual value) for the purchase of water-works bonds to the amount of
of real estate was $310,000, personal property $115,500. total $37,000.
N E W

C i t y

L O A N S .

o f

S t .

N E W

L o u i s .

T E

Proposals fo r 4 °/o 20-Y ear Gold
Renewal Bonds.
Ofn.cE. |

&&j&G$Sa Arnienm. % wm, §

By rtftttft o f OrUiniAOB
l?*&%
tit#
tma& wad m m o f re&ewed bond*
tlw €H y o f

IjfmUk

j

iw

i

th e

p&rdkwm < f

<m«

mU

limit, tw** i m o w s d u d fifty th ou sa n d d olla r# <f i.vao,

OQO>\a s*M
hereinafter
fteti thereof*ivttt b#rentwlYiNl *1 the

or any t*.r
Qmm,

In to # City o i
JLr>at»t until IB t»'d o c k noun* & i the
M day m m pim m im r, IStet, m d pab fiely op e n e d by
t h e « n d # re ig n e d a t

mid

mm4 horn*

bvtuU will trn dmirn October M» 101. wad mil

tmtrh b# of tbs dmom'mmiwp of

United Matm

Gold CuUs, peyabte fwtmtf (*>) year# o ile r their date,
in terest fro m th e ir date %% the fate m

*n*l w ill m

foof{4} per rent per manuut, B&mi maxm&A mtrnrmi

coupon*.

on the '&&dmif of Aewlt mud (urpyp&r

re rp e e tire lj, will »
t o * * # b bond, matI toN/t&
bond* and roapuoa will b# payable* to bearer m he
may
»* Ibe Nats moX Bank « f €
Is New fifth* lu United ^tetestGoM Coin, or at Use
€*#.«» of the HmUmrmi Bonk of
Umiiml, ffl

mm

a t ik e ? » tm. o f f$m r vloltar*.
six mmi
o c w t e t f mill*
p#r pm md Bimtlmg. Tfi#
bo n d * w ill
Uto
('put to pmf mmols
o f p r in c ip a l a n d t o t e n w l. t b o U n tie d B lo iv s O o ld

llo lla r and 1‘ o i s d
p r e s e n t sim n d or

will fia ca k m ia t^ l at t b e j
w eta b t a n d

m ar b# mxcimnged
B ld d e ti ant

tm ragiatared

T b « booda j

fcwwtda a* any time.

to * t a t « Sa th e ir pe*xmmm
th e u m p n m offmrm nt m t t m it Cnnda p m mmd,
V m pm uM m m t b e m sm m m in m by a « e p » l f o f

caatt or

ebecA. payable to tb e order o f ib e

C om ptroller len d m M m i m him mpprm HdK
tofie# UB per ce n t o f t i e noeotoal am ou n t o f imnd*
bid fo r ; said dec*>«tf t o b e retorned If t i e

l» not accepted, ottotnrtm
f el tare fa t i e city to

it »

i

to be i«!4 taiiaet to for*
o f faifttr* aa l i e p an o f

t b * bidder t o e o m p iy w s t i tda fw opotid, o r to c « M o f
o o m p i la n c e t o b e r e t a in e d aa p a rt o f t i e p a o r f ia io

m o iw f.

Ho interest w in im a llow ed m i m m m z

m o n e y d«>p*<«iied h t t b e » o e o e e » f o l b id d e r .
A H p roio w aia w ill b e s u b je c t t o t o o o n d P l o n j a n d

reservation* o f febl# a 4 r « n i a n d m siit refer
t o name i e a portion o f t o e agreem en t o o toe part o f
to#- bidder.
:Xb« award# w ill b e fafeject t o t b e app rova l o f t o *
f e t o a l i i t # pm W ay* and M eant o f bbtft. b fa s e b e s o f
t o e M unicipal
T h e Honda w iR be deH reted aaatoat p m fm m i
ikmwSar In m xt&mi
mi t o #
o f .t o e Oos*ptroUer t o t o e City o f HU JMHtot. o a t o e fctft day o f

Oatober,

rw. If tbe bidder ao elect# In his pr*»-

at fb #
m
T o n ^ o s t o e PJili d a y o f O ctober.

la M«w

undem tm ttm i P m m rf & $ fte O ir M t o r e j e c t a n y
all npiaf
Propnataia
b#
to to# aaAerelpwid

T .b#

an d erm&rm4 ^ i*fOpom4§ f o f Psif«"ba#d © f SB. .Coaia
Clfty fPm d*.'5
A s a m p le b o n d c a n b e s e o n a n d f u r t h e r I n fo r r a a

tlm i ob ta in ed a t iIs* oiB m wf th e Cniaedrolier o f the
Ci ty Of tfc, Ikmie.
€ . P. W A L B B l DO E. M ayor.
I8 A A C : H -

MEBCHAHTH1 NATIONAL BAKU,
R fC ffM O S D , flft H X fflA ,

O o iim U m * m ade o a afi Southern point# o n beet
term #; prom pt .rminrmu
Jose

W. 9LMMV,

J O H N P , 8 R A N C H , P r e a id e n t,
r a * o . S , S c o t t . V i o e -P r e e .

L O A N S .

N

D

E

R

N E W

B i d s

S

fo r

L O A N S .

T o w n

B o n d s .

TO A L L WHOM IT M AY CONCERN; In pursaa n m of' a msolailois o f the Town .Board o f the Town
o f T o n a w a n d a , .N, V ,, adopted the aoth day o f
Jnl fjjrifd, aotic# is hereby Mirer* that,sealed propesali
or tool* will Usereeel red by tno undersigned Sapcrirlaor
T e s t e r * «ddr#«s#d t o lit# jy fw m r w o f the, C i t y
o f the Town « f Tot tawalula, S, Y„ for the a d o o f
o f t im m iit& B f
o f O n t iir iw . U n.rit* d n , paring bonds tamed under and in pureuattee o f
and ••SMitied “ Tender tot
wilt Q# to ­ Chapter 350 o f tuo I tw * «*f jay# forth® p urposeef
ilvnre# h¥ tine un‘W t Jup to i#©*ekt#ic, nm»n, «** paying fo r the tmp'rote«aeat *>f the high.way loidtng
iT<wSa«*d«y. t h e m x Amf o f <>ctdnir« A. If. MBs*, f o r frem ilie south cxiriHimttnn line o f the viHage o f
to the aorth eorporaWou line o f to e City
#«#ji
of til#C-«rporatlt*n o f oTwntiwandUi
f Buffalo, If. Y., pommonly known as Delaware
t&ti
City o f iia ia in o o , payabl# at t a t «x p ir * tto n Street, as tu# fame hmi been e x to tdad by the town
of
y «a rt, wttfi intarrwt a t f « n r p#r
pmr Kt- anihosf&ieeof said sown. That eaeh o f said bonds is
$m,j»W ®
fro m lift A p ril. i ^ C
a oeuQi o f #lA5<Hoin 2- f dollars, and each
to"**"
Hamilton. in to olamrest
m snado^pi^i&ie
f'"'i~
mmfmt
at- rate o f ft per eenL
or in Up mi ftrltiki ■f elieerfiere. The He- bears
That.
t-4 o f said bond# are pay able in
may fes mApmm 2d m itorfieur rn<-mhr o f I one
year
from
dale,
-y
o
f
Canada
or
or
the
f
Clrwafe BrUam, *x smrr*m
That
o f wild bonds are payable id
C’ oltefl
o r in ifolA or parejy to eato. and lit |tw o year* from date.
BHmth w p m trm pure
Idaaer may AmlroajFcb
That
«-d o f aald boa fie are payable in
tmuderiug muAC si -ife»t in
to their tew im in what ear- Jthreefrom, dato.
* a *d where -toey deatre to# | Thatjmr*
|LV* d'*)4 >$ o f »al£| bonds are payable la
iiermn&iisrm a»4 tot^i -eel u* be made payable, and |fou
r years- from date.
i wist be paid tor
t» ,-vb«a* That
frSJr^to-i H-i o f said bonds are payable In
bao>c** and ail other eharuos.
mrm, f tm tm
years' from date.
o f «ald 1‘obvnr.u if* to b# paid fir#
X!*«: T a*t ftiSAdTftd sl-ft o f said bonds are payable la
gotriinji tu Ijciadoa. Wtoghtfid* iijx
ae to! owe:
years from date.
id City o f Hamilton, each
and to# batoo.c® i su%
That
t ■'§ of mid bonds are payable in
be made OB Che 3#tb day of
o f 9&&h pmTepshiM
s yaars from date.
hlphect or any tender not. mrm
Marcs. A. D, ie-M.
That H5,.vi0 (Jt r-3 o f said bond# are payable In
tieoeasarily oooeme A c**py o f ftfiaue
years from date.
m a y b e <>btaine»i a',
:City IIan"
«tak,fcoodoa, Stogland, eight
T hat
o f said b in d s are payable In
m from the aaderw
ate# year* from date.
, STUART,
That
si-3 o f .said bonds are payable In
C it y T r e a s u r e r , ten j mm from date.
Ha m iltm .v. fa n e 37th, 19®
T hat iL'M*0dd» i - « o f mid bonds are payable In
etorea years from d i t a
T hai Uh¥*PM t 3 o f said bonds are payable in
twelve years from date.
That fiA/ksyoh «-8 o f said bonds are payable la
NOTICE O F SALE OF
thirteen years from date.
, ,
That fU^BhfttlS 2 S o f said bonds are payable la
fourteen y rare from date.
T O N A W A N D A
B O N D S ,
Tto.*t fLJAbft’dft tfd of said bonds are payable In
fifteen years from date.
Taut said bonds will be sold at public auction to
to# highest bidder on the lith day o f August, Ibikf,
die T in a e Of Tonawaada. M
rim at lo o ’clock la the forenoon, by the unaerttened,
The Tiva*"
mi to* OdVAcil Chamber, on saperrtsor
Cooaty, N, 1
o f said town, at to o office o f W. .h Rogers,
the V i>lane o f T»>nawanda, N*. Jtiatlee
K o tto Canal
o f th e £***#«, in too Village o f Toaawanda,
T.. «m.toe di -lay ’ isif. l*eyd, atiena a'dioefc in too Erie County,
N, Y. That by to e prorlslons o f said
dr*d
»nd
two
boads
o
f
the
*rft«nw»%oneban-v-«ahL "L-wb in toe mvetmmwarnof act such bond#
shall not bo sold f o r less than par
o f Tons wanda, afo
ine thereof, and nolle# l» further giren that the
one fhoasitod doll ins, and boerlay interest at toe m
uaderelgnsd
reserye?
tike right to reject any and all
ntop o f #ix per <mn\ p*-r annum, t o too hlfibesA W4* bids,
J AM f£i B. IM M E RM A N,
dor. le a fe d pfr»p»>‘ al# will be received for too parSuperTisor.
ehmm o f ta id htistAk * <»n »»r before ih « day o f bale.
Dated TONAWANDA, N. Y „ July 2b,
S& bids f o r t o # poi tshm* of bonds for i»?»s than four
*t
-w
i.sj
t>
#
reostoed
or
eotuldered.
«od
IntoPe* ill be dated Aairant l* W&, and
ch oiceT nvestm ents
Tbo »ald bonds :*f
toetn, Sr* <afc»3ho f toe pmr#
i4jSes^
1m«». in
ibOO, lowl, and i l o f tb**m
in
In the year* Uk*J ana r»*v-. on toe first day of July in
each year hereafter for 10 year*. Said bond# ar« 1#
S t r e e t
R a i l r o a d
a n d
«a#4 to mfamm mmer to pay tot* impfoyiiuc oertain
o f iMfaware. North and South Canal streets
Oftittlu the Til Bmpso f Tone wanfia, oaveoant to an act
M u n i c i p a l
B o n d s .
paawvi oy the l^artsletnr# of toe Mtoto of New York
In i $m , e n t t i l e d 'A n A ct aufJbtnteiai th e v n im ® o f
PtUCBS TO SUIT TU B T IM ! « . ’
“
Tonawanda, Krte f>.untf. N. ¥., io take lands memsary, and bo lay not and improve,, or alter and imCometpomSmoe tavlted.
pfOfe. P'tabllo parks, gronftd*. s - t r a l l e y s mm3
public planes toereiii.*'' The said Treasurer reserve#
toe rigni to reject any and all bids which may be
made at said sal*.
trn
LOUIS OKU m .
Dated, July U* 1803.
V"«hnr® Trcaaarer.
45 W A L L S T ., N E W Y O H K ,
A bor# sale poeiponod to Tuesday, August 15,19©8>
at same tim e and place. _
_
CLEVELAND.
BOSTON.
.LOUIS GRUEN, Village Treasurer.
F O R

D

E

B

E

N

T U

R

E

S .

Lamprecht Bros, & C o .,

THE CHRONICLE.

268

Pontiac, 111.—(State and City Supplement, page 95.)—
Bids will be received until August 21 by J. A. Hoover, Secre­
tary of the Board of Education, for the purchase of $30,000 of
school bonds. The bonds are dated August 1, 1893, bear in­
terest at the rate of 5 per cent per annum, payable annually,
and mature at the rate of $3,000 yearly from August 1,1898, to
August 1,1907.
Provo, Utah.—(State and City Supplement, page 138.)—
City Treasurer T. Beesly writes the Chronicle that an elec­
tion which took place in Provo on July 25 to vote on the
question of issuing $15,000 of bonds to pay off the indebted­
ness of the school district resulted in the defeat of the propo­
sition.
Puyallup, Wash.—City Clerk Wm. M. Seeman writes the
Chronicle that the election held on August 1 to vote on is­
suing $60,000 of 6 per cent 20-year water-works bonds, failed
to carry. The people voted 160 for and 123 against the prop­
osition, but the city clerk states that it required a three-fifths
vote to authorize the issue.
St. Louis, Mo.—(State and City Supplement, page 115.)—
Bids will be received at the office of Mayor Walbridge until
September 2d for the purchase of 4 per cent 20-year gold re­
newal bonds of the city of St. Louis. The bonds will be
dated October 2, 1893, and interest will.be payable semi­
annually thereafter.
The bonded debt of the city aggregates $21,376,021 05. This
amount includes the bonded debt of the former county of St.
Louis, assumed by the city at the time of separation of county
and city, amounting to $6,111,000, and the bonds issued for
water works purposes, amounting to $5,808,000, leaving the
bonded debt of the city proper $9,457,021 05.
The city has no floating debt. On April 10th, 1893, the close
of the fiscal year, there were in the treasury, after charging
against the same all liabilities, except the bonded debt, unap­
propriated surpluses to all the revenue funds amounting to
$412,902.

CHICAGO.
Su c c e s so r t o

HERMAN

SCHAFFNER

COMMERCIAL

The assessment for the taxes of 1893 shows a valuation of
taxable property in the city of $284,260,790, which represents,
it is estimated, between three-fifths and two-thirds of the real
value. The rate of taxation per $1,000 valuation is $20 50.
A n ad vertisem ent g iv in g f u l l p a r ticu la rs regard in g the sale
o f new secu rities w ill be f o u n d elsewhere in this D epa rtm ent.

Santa Ana, Calif.—The people of this place will soon vote
on the question of issuing electric-light and city-hall bonds.
Stevens County, Wash.—(State and City Supplement,
page 149.)—Bids will be received until August 28 for the pur­
chase of $65,000 of county bonds, same to be issued to pay
current expenses.
The county’s total debt on July 1, 1893, was $85,290, includ­
ing funding bonds, $35,000, and outstanding warrants, $50,290; cash on hand, $11,836; net debt, $73,454.
Sumner, Wash.—Water-works bonds of this city to the
amount of $17,000, recently voted, will be offered for sale
until August 23. The bonds will bear interest at the rate of 7
per cent and will run 20 years.
Texarkana, Texas.—City Hall bonds to the amount of
$10,000 and school building bonds to the amount of $12,000
will soon be issued.
Trigg County, Ky.—We are informed by John C. Dabney,
County Attorney, that the election to vote on issuing $15,000
of Court House bonds will take place in Trigg Countv on
November 14. The bonds will bear interest at the rate of 5 per
cent, payable semi-annually, and will become due in from 2
to 20 years. Thp county has at present no debt of any kind
and its assessed valuation (which is four-fifths of actual value)
for 1893 is $2,477,589: State tax rate (per $1,000) $4'25; county
tax rate (per $1,000) $3 -75.
Walla Walla, IVash.—City Clerk Henry Selling writes the
Chronicle that the election which took place in Walla Walla
on July 27, to vote on issuing 5 per cent 20-year gold bonds to
the amount of $160,000, for the construction of a gravity
supply of water works, resulted in favor of the proposition by
a vote of 793 to 245. The date for offering the securities has
not yet been decided upon.

CHICAGO.

A . G. Becker,
& CO. ,

PAPER,

CHICAGO.

The
Title Guarantee & Trust
Company
EquitableTrustCompany
OF

CHICAGO,

185 D E A R B O R N S T „ C H IC AG O .

93, 94 dk 96 W ASH IN G TO N S T R E E T .

100 Washington Street, Chicago, I1L C a p ital, paid-up...........................91*600,000

Jamieson & Co.,
STO CK S—BON DS,
M em bers N ew Y o r k and C h icago Stock E x ch an ges.
187

DEARBORN

STREET,

Chicago, Ills.
P r iv a te w ire to N ew Y o rk and P h iladelphia,
J. B. B r i i s i , M em ber N ew Y o r k Stock E x ch a n g e
D . M . C u m m in g s . M em ber C hicago 8took E x ch an ge

Undivided earnings. Including:
su rp lu s.........................................
Deposited w ith State A uditor. .

339,000
300,000

G U A R A N T E E S T IT L E S TO R E A L E 8 T A T E .
M A K E S A B ST R A C T S OF T IT L E .

Offers Investors In re a l e state securities
protection afforded by no other system of
doing business.
Is authorised by law to a ct as R egistrar o f Stocks
and B on ds, Executor, R eceiver and T ru s te e fo r
Estates, Syndicates, Individuals and Corporations.
T ru st m oneys and trust securities k ep t separate
fro m th e assets o f the Com pany.

Breese & Cummings,

CORRESPONDENCE S O L IC IT E D .

B A N K E R S AND B R O K E R S ,

O FFICERS:
G W Y N N G A R N E T T , President.
A . H . SE LLE RS, V ice-P resid en t.
A R C H IB A L D A . S T E W A R T , Secretary.
CH A 8. R. L A R R A B E E , T reasurer.
F R A N K H . SE LLE R S , T ru st Officer.
DIRECTO RS:
G wynn Garnett,
Chas. W. D rew ,
W . D . K e rfo o t,
J o h n P . W ilson,
H o ra ce G. Chase,
E dson K eith,
Joh n G. Shortall,
G eo. M . B ogue.
J o h n D eK oven ,
A . H . Sellers.
Samuel B . Chase,
COUN8EL:
W . C. G oudy,
J o h n P. W ilson,
A . W . Green,
A . M . Pence*

1 1 1 AND 113 M ONROE S T R E E T ,

CHICAGO
Securities listed in N ew Y ork, B o sto n o r Chicago
carried o n con servativ e m argins.
A . O. S L A U G H T E R , M em ber N. Y . 8took E x ch ange
W M . V . B A K E R , M em ber Chicago Stock E x ch an ge

A . O. Slaughter & Co.,
BAN KERS,
1 1 1 -1 1 3 LA S A L L E ST R EE T ,

C H IC A G O , IL L S .
Chicago S ecu rities B ought and Sold,

MANAGER WANTED.

We wish to contraot with a good, live man te
represent ua in each large town and city m tile
United States. To such we can offer a perm­
M ORTGAGE BANKERS
anent, paying and legitimate business.
1 2 5 L A S A L L E S T R E E T , C H IC A G O .
Our Company is in the line of Building Loan
Associations, with the best features and witt
F tr.t M ortgage* fo r aale In large and small am ount
n ettin g Investors 5, 53v and 6 per cent, secured b
out the risks and expenses of such. We feel
Im proved and incom e-bearing Chicago city propert:
confident that we ean afford the best and safest
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 l d .
investments in this line ever offered. Write
CORRESPONDENCE SOLICITED.
and see.
T H O M A S B R A N C H & C O .,
Chicago Co-operative

Loeb & Gatzert,

B A N K E R S A N D B R O K E R S,

R IC H M O N D , V IR G IN IA .
in v e s tm e n t • ecn rW w a Spec laity. P riv a te W i ie
t o N ew Y ork .

[VOL. L\II.

Construction Co.
R o o m s 6 1 6 -6 1 8 R i a l t o B u ild in g :,
C H IC A G O . I L L

CAPITAL, PAID UP, - - - - $500,000
SURPLUS, - ---------- --------50,000
A U T H O R IZ E D B Y L A W TO R E C E IV E and e x ­
e cu te trusts o f eve ry ch aracter fr o m cou rts, co rp ora ­
tion s and individuals. T akes en tire ch arge o f estates,
real and personal. A cts as agen t f o r t h e re g istra ­
tio n and tran sfer o f bon d s and stock s and th e pay­
m en t o f cou pon s, in terest and dividends. A legal
d e p o sito ry f o r c o u r t and tru st fu n d s.
IN T E R E S T A L L O W E D ON D E P O S IT S o f m on ey,
w hloh m ay b e m ade a t an y tim e an d w ith jr a w n a fte r
five days’ n o tice , o r a t a fixed date.
T R U S T F U N D S A N D T R U S T IN V E S T M E N T S
are kept ^separate and apart fr o m th e assets o f t h e
com pany.
D IR E C T O R S :
A Z E L F. H A T C H ,
C H A S. H . H U L B U R D .
M. W . K E R W IN ,
G E O . N. C U L V E R ,
H A R R Y R U B E N S,
M A U R IC E RO SE N F H L D .
J. R . W A L S H ,
8AM U EL D. W A R D ,
O TTO YO U N G .
O F F IC E R S :
J. R . W A L S H , P resident.
C H A S. H . H U L B U R D , V ice -P re sid e n t.
S A M U E L D . W A R D , Treasurer.
L Y M A N A . W A L T O N , S e cretary

Illinois Trust & Savings
Bank.
C H IC A G O , I L L .
CAPITAL, AND S U R P LU S, - 9 3 ,5 0 0 ,0 6 0
IN T E R E S T A L L O W E D O N D E P O S IT S .
T h is Bank is d ire ctly under th e ju ris d ictio n and
supervision o f th e 8 tate o f Illinois, is a L E G A L
D E P O SIT O R Y fo r C ourt M oneys, and is au th orized
to
as T R U S T E E , E X E C U T O R , R E C E IV E R and
A S SIG N E E fo r E S T A T E S , IN D I V I D U A T fl and
CO R P O R A T IO N S.
O FFIC E R S :
Joh n J. M itchell, President.
J o h n B. D rake, V ice -P re sid e n t.
W m . H . M itchell, S econ d V ice -P re sid e n t,
w
a
W m . H . K eid, T h ird V io e -P re sId em
Jam es 8 G ibbs, Cash’r. B. M . Chattell, A s s ’t Casb'r
D IR E C T O R S
Joh n M oCallery,
J o h n B . D rake'
L . Z . Leiter,
W m . H .R e id ,
W m . H . M itohell,
J o h n J. M itch e
W m . G. H ibbard,
J. C. M cM ullln,
D. B. Shipm an,
J. Ogden A rm o u r.
F rederick T . H askell

ft August 12, 1893.]

THE CHRONICLE.

269

The following statement concerning the financial condition the rate of $1,500 semi-annualy on March 1 and Sept. 1, 1911.
of this city has been furai-iieji to us by Henry Killing, City The bonds will be sold to the highest bidder, for not less than
Clerk. The bonds describecT W'siates were sold at 102-25. their par value.
Additional water bonds to the amount of $.00,000 hare re­
Winfield and Bridgewater Union Free School and
cently been voted. No report from this place appeared in our
Academy District No. 4, N, Y.—We are informed by Mr. A.
SCFPLKKKNT.
C. Haekley, Secretary of the Board of Education, in reference
Walla Walla is in Walla Walla County.
to the $15,000 of school bonds which were offered for sale on
LOANSWhen Dm. T ax valuation, p e ri'n 'l.$1,111,350 Augc 9, that offers were made for a few of the bonds at par,
T otal valu atio n 1893... 3,792,745
FCSWKC. B o n d s —
but that no award was made. The sale has now been post­
Assessment is :>sactual value.
8s, J A J , * 4 0 .0 0 0 ......... J an . 1. 1912
B o n d e d d eb t J u ly 1 , 1 8 9 3 .S 4 0 .0 0 0 Star - tax ip<-r $1.000)......... $2*74 poned indefinitely. The bonds are dated June 15, 1893, bear
F lo a tin g d e b t ......................... 3 9 ,1 2 9 C ou n ty ta x ijie r$ l,O 0 O ).......... 11*70
interest at the rate of 4 per cent, payable annually, and ma­
■ r-Jl.OOOi................l o - o o
T otal d eb t J u ly 1. 1 3 9 3 .-.. 7 9 ,1 2 9
ture at the rate of $300 yearly from June 15, 1894. to June 15,
T a x v a lu a tio n , r e a l.— $ 2 ,3 8 1 ,3 9 5 P o p u la tio n In 1 8 9 0 w a s ......... 4 ,7 0 9
1923.
INTEREST is payable at the Chemical National Bank. N. Y. City.
Woodstock, Va.—Town Clerk M. Coffman writes the
Warren, Ohio.—Albert E. Andrews, City Clerk, writes the Chronicle that an election will be held in Woodstock on
Chronicle that the $36,500 of avenue and street improve­ Aug. 22 to vote on issuing school-house bonds to the amount
ment bonds offered for sale on August 2 were awarded at of $3,000. The bonds will bear interest at the rate of 6 per
par to the First National Bank, Second National Bank, W. R. cent or less, and will run 20 years.
National Bank, D. R. Gilbert, William Spill and J. S. Masters,
ail of Warren.
Yankton, S. Dak.—An election will be held at Yankton on
The bonds will bear interest at the rate of 5 per cent per August 15 to vote on issuing public park bonds to the amount
annum, payable M. & S., and both principal and interest will of $81,000. Interest on the loan will be payable semi-annu­
be payable at the City Treasurer's office. Six thousand five ally, and the bonds will mature in 20 years with an option of
hundred dollars of the amount will become due on September call after 15 years.
1,1894; $7,900 each year on September 1, 1895, 1896 and 1887,
Yonkers, N. Y .--------(S t a t e a n d C i t y S u p p l e m e n t , p a g e 5 0 .)
and $9,000 on September 1, 1898,
—We are informed by .James H, Weller, Mayor, that the $50,Wenatchee, Wash.—The people of this place will soon vote 000 cf tax relief bonds offered for sale on July 31 were
awarded at par to the following bidders:
on the question of issuing bonds for water-works.
Amount.

West Covington. Ky.—Six per cent 10-80-year public high­

way bonds of this town to an amount not exceeding $8,000
have recently been authorized.
Wilmington, Ohio.—Frank Candle, Village Clerk, will
receive bids until August 30 for the purchase of town hall
improvement bonds to the amount of $10,000. The bonds will
be dated September 1, 1893, will bear interest at the rate of 5
per cent per annum, payable semi annually in New York
exchange, if desired, and will mature at the rate of $1,000
semi-annually from Sept. 1, 1907, to Sept. 1, 1910, and then at

FINANCIAL.

J o h n A. C o y n e , o f Y o n k e r s .......................................................................$ 2 0 ,0 0 0
B. S tillw e ll........................................
5 ,0 0 0
Mr-. A m elia F. F ink, o f Y o n k e r s ...........................................................
700

Yonkers Savin-'-Bank.................................................... 21,300
The bonds are dated August 1, 1893. will bear interest at
the rate of 5 per cent per annum and will mature April 1,1894,
Youngstown, Ohio.—(State

City Supplement, page

and

Clerk J. Howard Edwards writes the Chronicle
that $30,000 of water works bonds for a supply from Mill
Creek are twing talked of, but that it will be some time before
the matter is decided.

! 8 5 .)— City

PA C IFIC CO AST.

FINANCIAL.

Merchants National Bank
O F S E A T T L E , W A S H IN G T O N .

INVESTMENT BONDS
FOR

F IS H E R

SAFE.

A

SH AW ,

UNITKD STATUS DEPOSITARY
Antraa M acCnto.h. P r «r LJno. H^A«on, vice-P res.
C a p i t a l, $ 2 0 0 , 0 0 0 I H u r p la e , e t c .. * 4 0 , 0 0 0
I m e r e a t - b e a r l n g C e r t io r a t e * o f D e p o s it .
Soponor Collection
8olleluy,

BAN KERS,
L I S T S ON A P P L I C A T I O N .
M em bera B altim ore-H ock E x ch a n ge,

91 e m b e r *

» f th e

N ew

L a rk

nuti

H eaton

Tacoma National Bank,

B A L T IM O R E , M B .

B lo c k K x c h a n x e * .

First National Bank In the Cltv,
T A C O M A , W A S H IN G T O N .
P a i d - u p Capital......................... *‘200,000

DEALERS IN

C O M M E R C IA L PAPER.

MUNICIPAL SECURITIES
or

P IT T S B U R G

A AD VICES ITT

Blake Brothers 8 t Co.,

D e a lt in h r

28 S T A T E S T R E E T , BOSTON ,

Jas. Carothers,

f NASSAU S T R E E T , N E W

YO RK .

S u r p l a . ....................................................... . . S I * 1 0 , 0 0 9
W . it. B la c k w e ll, P t c t .
H . O . Y U b tooek , t’M h le r .
J o h n t a j d o r , V t « - I * r e » t . 1. M. H c i l l* . Aetrt. C a s h ie r

U e u e r a t B a n k in g K a .l t t e .* T r a it a a c le d .
S p e c i a l A tt e n t io n t o C o ll e c t i o n * .

SAN FRANCISCO.

90 FOURTH AVE., PITTSBI RO, PA.

The First National Bank
OF SAN FRANCISCO, CAE.
U N IT E D ST A T U S D K P 0 8 I T A B Y .

W . J. Hayes &

BANKERS,
Dealers In MUNICIPAL BONDS.

C I T Y OF ST. LOUIS
^

Gold 4 s, Due 1 9 1 8 .
B ooth , n o t e d o n N e w Y o r k S t o c k E x c h a n g e ,
L e g a l I t t v r .t m r a t fo r S n r ln g * B a n k *
n o d T r n o te e * in N ew

W ALL

Street _Railway B a n d * a n d ether blub grade tn-

STREET.

CAPI TAL,
SU RPLU S,

Cable Addrew. “ K B SN K T H .-

G. R. Voss,
Commercial Paper,
Honda Stock* and

.
.

.
.

.
.

* 1 ,3 0 0 ,0 0 0
* $ 3 0 ,0 0 0

8, O . M trKPBT. P realden t. B. D. H o b o AS, Cashier
J a m i * M o r r r r r , V .-P r*# . G. W . Kl i n *. A m L C ash.
DBHKKAL

311-3 13 saee^erSto^ 10 Wall Street,
7 Exchange Phwg-ton>
New York.

Y o rk S ta te,

Farson, Leach & Co.,
•I

Sons,

BA B R IN G

B U S IN E S S .

A C C O U N T * S O L IC IT E D .

Geo. M . Huston & Co.
B O N D A ND S T O C K

DEALERS

I- TOetment SecaHUe*.

*08 FIRST NATIONAL BANK BUILDING.
LHt« o f iBveniment Bond* Matted on Application.

Edward Morton & Co.,
53 Broadway, Naw York.
Speclaltle* :
m u n ic ip a l ,
STREET

R A I L W A Y RONDS

and

RANK. STOCKS.

Omaha, Nebraska.

The Caligraph Typewriter
STANDS AT TH E HEAD.

THE
AMERICAN WRITING MACHINE CO.
387 B r o a d w a y , New York*.

SOS PINK STREET. ST. LOUIS, MO.

Hackett & Hoff,
REAL ESTATE AND INVESTMENTS,
C M ic h ig a n

S t., M i l w a u k e e , W in .

r.t Mortem™* on Improved Milwaukee Beal
bearing six and seven per cent in teres
£ £ on b an f. No charge to the investor for col*
ins or
ing interest or looking after taxes and Are In

THE CHRONICLE

270
Cotton.

[VOL. LV1I.

C ottou .

fin a n c ia l.
Walter T. Hatch,

W OODW ARD

H e n r y P rescott H atch,

& S T IL L M A N , I N M A N , S W A N N & Co
M E R C H A N T>S,

16 to

22

WI LL I AM

NEW

COTTON M E R C H A N TS,

Yew

YORK.

W . T . Hatch & Sons,
96 Broadway & 6 Wall St., New York.
D ealers In Investm ent sto ck s and bonds.
P erson al a tte n tio n g iv e n at th e N. Y . Stock E x ­
ch an ge fo r th e purchase and sale on com m ission o f
sto ck s an d bonds f o r cash o r o n m argin.
In te re st .allow ed o n deposits, s u b je c t t o d ra ft at
sight.

STREET,
fo rk .

COTTON OF ATX GRADES SUITABLE TO
w an ts o f

A rth u r M elvin H a tch ,

M em bers o f N. Y . Stock and P r o d u ce E xch anges,

A m e r ic a n s p in n e r s .

Henry Hentz & Co.,
L e h m a n . St e r n A Co., L im ited, N ew Orleans, L a .
L k h m a n - D u r r Co ., M ontgom ery, A la.

LEHMAN

BRO S.,

COMMISSION

■X B C U T B ORDERS FOB FU T U R B D B L IV B R T

COTTON

COMM ISSION M E R C H A N T S ,
No. 40 Exchange Place,

at the N B W TO R E, LIVERPOOL A N D N B W OBLB AN S COTTON EXCH ANG ES. Al«o order, for

NEW YO RK.
MEMBERS OF THE STOCK, COTTON, COF­
FEE AJSD PRODUCE EXCHANGES,
N ew Y o k e .
O rders ex ecu ted o n th e a b o v e E xch an ges as w ell
as In N ew Orleans, C hicago and fo re ig n m arkets.

Hubbard, Price & Co.,
CO TTON E X C H A N G E B U IL D IN G ,

NEW Y O R K .

COFFEE

P R IC E , R E ID dfc CO.,
N o rfo lk , V a .
P R IC E , R E ID dfc A D A M S, Lim ited,
C harleston , 8. C.

Special atten tion given to orders f o r c o tto n fo r
fo re ig n or d om estic shipm ent.

Hopkins, Dwight & Co.,
COTTON , C O TTO N SEED O IL

G R A IN AND P R O V IS IO N S
at the N E W YORK PRODUCE E X C H A N G E and
the CHICAGO BOARD OF TR A D E .
J. O. B lobs.

COMMISSION
R oom

N EW YORK.
G ustavus C. H opkins,
C harles 1). M iller,

Prince &

Co.j

BANKERS AND BROKERS’

BOSTON,

MASS.

HIttHGRADE INVESTMENTS.
M em bers o f N ew Y o r k and B o s to n Stock E x ch a n ges.

G ko . H . Ch u b c h , Special

COTTON

MERCHANTS,

22 William Street,
NEW Y O R K .
W . D. Rountree.

A l be rt L. R ountree

W . D. Rountree & C o.,
COMMISSION MERCHANTS,
C OTTO N E X C H A N G E B U IL D IN G , N E W
Y O R K , and N O R F O L K , V A .
COTTON. COFFEE, G RAIN, PROVISIONS A N D
STOCKS.

Way land Trask & Co ,
B A N K E R S AND B R O K E R S ,
18 W a l l S tre e t, N e w Y o r k .
T ran sa ct a gen eral ban kin g business. In clu din g
th e purchase and sale o n com m ission o f secu rities
dealt in at th e N ew Y o r k Stock E x ch a n ge.
W aylan d Trask.
a l f r e b n . R a n k in .

A . A . Goldsmith, Agt.
COTTON BROKER.
SA M PLE S A N D PIC KIN GS A S P E C IA L T Y .
C H A R L ESTO N , 8. C.

The

Correspondence Solicited.

Geo.H.McFadden&Bro.
COTTON

L u cius H opkins Sm ith.
Sam uel H opkins.

City

Bank,

B U F F A L O , N. Y .

MERCHANTS*

5 2 , C o tto n E x c h a g e B u ild in g ,

H.

J. O. BLOSS & C O .,

AND

SO U TH E R N P R O D U C E

F.

at th e N B W YORK COFFEE E X C H A N G E , and

General Commission Merchants.
M em bers N ew Y ork 8 to ck E xch an ge, N ew Y o rk
C otton E xch ange, New Y ork P ro d u ce E xch ange, N ew
Y o r k Coffee E xch ange. C hicago Board o f Trade.
O rders ex ecu ted on any o f th e a b o v e E xch anges,
a ls o f o r purchase and sale o f c o tto n lo r fu tu re d e ­
livery in N ew Orleans an d L iv e rp o o l. L iberal ad­
van ces m ade on c o tto n consignm ents.

MERCHANTS,

16 to 33 W illia m Street, New Y o r k .

MERCHANTS,

P H IL A D E L P H IA .

C a p it a l,

$ 3 0 0 ,0 0 0 |S u r p l u s , $ 1 5 0 ,0 0 0

W . C. C O R N W K I jL, P resident.
P . H . G R IF F IN , V ice -P re s id e n t.
H o n . CH A S. D A N IE L S , 2d V ice -P re sid en t.
A L F R E D J. B A R N E S , Cashier.
Send all your c o lle c tio n s t o th is bank i f yo u w ant
th em han dled as th e y sh ou ld be. A ll classes o f ao•ounts cared f o r C orrespon d en ce Invited.

L i v e r p o o l Co r r e s p o n d e n t s ,

Crenshaw & Wisner,
1 6 A 1 8 E x c h a n g e P l a c e , N e w Y’ o r k ,

COM M ISSION M E R C H A N T S .
M em bers o f th e C otton, Coffee and P ro d u ce E x c h ’s.
A G E N C Y OF

THE HAXALL CRENSHAW CO.,
R IC H M O N D , V A .
Standard Brands o f F lou r f o r Shipm ent t o W arm
Clim ates alw ays o n hand.

SULPHUR MINES COMPANY,
O F V IR G IN IA .
H igh -G rade P yrites, fr e e fro m A rsen ic.

F R E D E R IC K

ZEREG A

& CO.

Bliss, Fabyan & Co.,
N E W Y O R K , B O S T O N ,P H I L A D E L P H I A .
SELLING AGENT8 FOB LEADING BRANDS

BROWN

and BLEACHED S H IR T IN G S
and SHEETINGS,
PRINTS, DENIMS, TICKS, DUCKS, &0.

T o w e l., Q u ilt., W hite Goods and Hosiery.

Drills, Sheetings, dc., for Export Trade.

M. T. Ma in e .

W m . Ra t .

B. F. E v a n s , Special.

Geo. Copeland & Co.,
COTTO N B R O K E R S ,
1 2 9 Pearl Street,
New Y ork .

J. Spencer Turner,
SUCCESSOR TO

Cotton landed at mills from Southern markets a
specialty. Orders for future delivery contracts
executed on New York Cotton Exchange.

B r ln c k c r h o t f, T u r n e r & C o.,
M A N U F A C T U R E R A N D D E A D E R IN

C O T T O N SAIL DUCK

Wood, Huestis & C o .;
31 Pine Street, New York City.

AND A L L KINDS OF
CO TTON C A N V A S F E L T IN G D UCK,
O A R CO VE R IN G B A G G IN G ,
R A V E N S D UCK, S A IL T W IN E , &c.,
P O P E " A W N I N G ’ ’ S T R IP E S.

A gent

UNITED S T A T E S B U N TIN G CO.
A fu ll
VtO
OJt,

supply, o il W idthB and Colors, always In

N o . 1 0 9 D u a n e Street.

C O M M IS S IO N

BROKERS,

A N D D E A L E R S .IN

IN V E S T M E N T
Kx.

S E C U R IT IE S .

Jtl. JtLUlUSXlO

(M em ber N. Y . Stook E x ch a n ge )!
L . M. S W A N ,
H. H . L A D D , JIL,
_ t,
G eneral P artners.
C. D . W O O D , Special P artn er.

American Exchange Bank)
S T . L O U IS , M O .

C a p ital, - 8500,000 I S u rp lu s, - 8325.0 00
P E T E R N IC H OLSON , P resident,
A L V A H M A N S U R , V ice -P re sid e n t.
W A L K E R H IL L , Cashier.
W e send d i r e c t t o e v e ry ban kin g p o in t In M o.

New Orleans Canal &
Banking Company,
N E W O R LEAN S, L A .

C a p ita l...81,000,000 | S u rp lu a ....8473,000
J. C. M O R R IS, P r e i.
E D W A R D T O B Y , Cfuh,
Co r r e s p o n d e n t s —Nat. City B ank, N a t B ank o l
C o m m e r c e N ew Y ork. B o a tm e n ’. Bank, St. L o n li.
N. W . N at Bank, Ch icago. M e r ch a n t.’ N at. B oa ton

T H E

State Bank o f Virginia,
R IC H M O N D , V A .

C a p ita l, 8500,000

S u rp lu s, 8235,0 00

JO H N S. B L L E T T , P residen t.

WILLIAM M. HELL, Cashier.
C ollections R em itted for on day of Paym ent*

Fifth Avenue Hotel,
M a d is o n S q u a re, N e w Y o r k .
T h e largest, b est-appoin ted and m o st liberally
m anaged h o te l In th e city, w ith th e m oat cen tra l
and d e lig h tfu l loca tion .

HITCHCOCK, DARUNG & CO.