Full text of Commercial and Financial Chronicle : August 25, 1894, Vol. 59, No. 1522

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&

W iffelg
§ ^ w is jr iw ,
REPRESENTING TH E INDU STRIAL AND COMMERCIAL INTERESTS OF TH E U N IT E D STA TES.
[Entered according to A ct of Congress, In th e year 1894, by the W i l l i a m B. D a n a C o m p a n y , In th e office of th e Librarian of Congress.]

YOL. 59.-

SATURDAY, AUGUST 2 5 ,1 8 9 4

NO. 1522.
Week Und’g Aug. 11.

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CLEARING HOUSE RETURNS.
The following table, made up by telegraph, etc., Indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, August 25, have been
$799,857,812, against $808,200,371 last week and $646,047,786
the corresponding week of last year.
Cl e a r i n g s .

Returns by Telegraph.

Week Ending August 25,
1894.

1893.

Per Gent.

$ 3 5 4 ,910,780
59,814,662
4 4 ,4 2 7 ,5 4 8
9,879,388
67,213,276
15,259,033
3,994,483

$ 3 0 4 ,545 ,4 0 1
4 6 ,0 00 ,0 0 0
3 9 ,356 ,0 1 2
9,104 ,2 6 2
49 ,4 7 7 ,7 9 2
1 1 ,740 ,2 3 5
3 ,6 1 1 ,6 2 2

-t-16-5
+300
+ 1 2 -9
+ 3-0
+ 3 5 -8
+29 9
+ 1 0 ‘6

$554,999,120
112,994,265

$ 4 6 3 ,8 3 5 ,3 2 4
74 ,9 0 4 ,2 6 3

+ 1 9 -7
+ 5 0 -9

Total all cities, 5 d ays....

$ 6 6 7 ,993,385
131,863,927

$5 3 8 ,7 3 9 ,5 3 7
107,308 ,1 9 9

+ 24*0
+ 21*9

Total all cities for week..

$ 7 9 9,857,312

$ 6 4 6 ,0 4 7 ,7 8 6

+ 2 3 '8

New Orleans. . . . . . . . . . . . . . . . .

The full details of clearings for ;the week covered by the
above statement will be given next Saturday. We cannot, of
course, furnish them to-day, bank clearings being made up by
the various clearing houses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to be
in all cases estimated, as we go to press Friday night.
Our usual detailed figures for the previous week, covering
the returns for the period ending with Saturday noon, August
18, as well as the comparative totals in 1893, are given below.
Contrasted with the preceding week, the aggregate exchanges
show an increase of forty-three and a-half millions of dollars,
the gain at New York being thirty-three and a-half millions.
All but six of the seventy-four cities record gains over the
corresponding week of 1893, and in the total for the whole
country there is an excess of 11*9 per cent. In percentage of
gain Birmingham leads with 437'5 per cent and is followed by
Memphis, 188 per cent; Louisville, 146; Peoria 129 4; Lexing­
ton, 121; Des Moines, 97‘6, and Cincinnati, 931 per cent.
The heaviest losses have been at Buffalo, 44’6 per cent, and
Richmond, 27*9 per cent.




Sal«« of—
(Stockt........ . .shares.)
(Grain........... bushels.)
B o sto n
P ro v id en ce,
H a r tf o r d
N ew H a v e n
S p rin g field
W o rc e ste r
P o rtla n d
F a ll R iv e r
L ow ell
N ew B e d fo rd
T o ta l N ew E n g la n d
P h ila d e lp h ia
P itts b u r g
B altim o re
B uffalo
W a sh in g to n .
R o c h e ste r
S y racu se
W ilm in g to n .............
B in g h am to n ,
S c ra n to n *
T o ta l M id d le
C hloago
C in c in n ati
M ilw au k ee
D e tro it
C lev elan d
C o lu m b u s
P e o r ia ...........
In d ia n a p o lis
G ra n d R a p id s
L e x in g to n ....
Saginaw
B ay C ity
A k ro n . .,
S p rin g field , O
C an to n
T o ta l M id d le W e ste rn ,
S an F ran cisc o ,
P o rtla n d ,
S a lt L a k e C ity
S e a ttle
T a co m a
Los A n g e le s ...
H e le n a
S p o k an e
S io u x F alls
Fargo*
T o ta l P acific
K a n s a s C ity
M inneapolis
O m ah a
S t. P a u l
D e n v er
D u lu th
S t. J o s e p h
S io u x C ity
D es M oines
L in co ln
W ic h ita
Topeka
F re m o n t
E m p o ria
T o ta l O th e r W e ste rn ,
S t. L o u is
New O rle a n s
L o u isv ille
.G alv e sto n
H o u sto n ,
R ic h m o n d
S avannah
M em phis
N a s h v ille
A tla n ta
N o rfo lk
D allas
W aco,
F o r t W o r th
B irm in g h am
J a c k s o n v ille .
C h a tta n o o g a
T o t a l S o u th e r n
T o ta l a ll
O u ts id e N ew Y o r k ..

T o ta l C a n a d a .............. .
* N o t in d u d e d in to ta ls .

15,380,871

306

THE CHRONICLE.
TEE FINANG1A L SITU A TION.

There]was a break early in the current week in the
recuperative movement which began with the passage
of the Tariff bill. The break was distinguished by a
little firmer condition of foreign exchange on Monday,
followed by a fractional advance on Tuesday in the
rates for actual business and much the same conditions on
Wednesday. Furthermore, and at the same time, the
money market lost its tone and became easier again,
and on Wednesday a block of commercial paper was
taken by one of our city banks at a half per cent lower
than the same lot was rejected on Monday, a circum­
stance which fairly represents the situation the market
assumed. Less animation was likewise observable in
trade circles and also in investment and speculative
transactions, prices at our exchanges, especially of
stocks and bonds, not only showing during the same
period a check to the advance which had been
in progress but in most cases an actual decline.
Concurrently with this set-back reports found circula­
tion in print and on the Street that the President
would not sign the Tariff bill but had gone to Gray
Gables to write a veto message. Some newspapers
merely hinted at the possibility of such an outcome and
others were more outspoken until a definite feeling of
at least uncertainty as to whether the bill would ever
become a law pervaded all circles. Wednesday night the
President reached Washington and on Thursday morn­
ing came well authenticated dispatches stating that
several cabinet officers who had seen the President
since his return stated that he had no thought of
vetoing the Tariff bill and would either sign'it or let it
become a law without his signature, and probably the
latter. Immediately a recovery in all the particulars
and departments mentioned set in. Foreign exchange
became easier and for actual business lower, money was
in greater request agaiD, stocks and bonds were buoy­
ant in London and Hew York, and the whole face of
affairs changed.
People who like to make a sensation out of every
natural occurrence are trying to discover friction be­
tween the banks and the Treasury Department growing
out of the movement of currency to the interior. This
currency matter is a business affair wholly. The Gov­
ernment provides a cheap way for the distribution of
its paper money over the country, not for the benefit
of the members of the Clearing House, but for
the convenience of itself and for the advantage
of the people. Our banks use it when it serves
their interests to do so. To avail themselves of the
Treasury method they must deposit gold here for a
transfer of currency to the West or South. That kind
of operation does not suit the monetary situation at
present. The vaults of these institutions happen to be
full to overflowing of paper money, and it is that which
they want to distribute. If they deposit their gold they
are in no degree relieved, for their currency is still left
to be a burden to them, of no use whatever but a harm
in Hew York. Hence when they send their currency
to their correspondents in the interior by their own
express instead of through the sub-Treasury, what
controls and directs their policy is the paper money
they want to be rid of, not the gold which it is claimed
they are seeking to keep. If the Secretary or President
should ask the banks as a favor to let the Government
have 40 millions of gold to make good its reserve, we
presume that they would consent to do it at once, for




I'Vol. L1X,

that is the sort of thing they have*always been doing.
Such an arrangement though would not be business-like,
it should be adopted only in »an emergency, and we see
no need for it now.
The Treasury to-day and hereafter has a large income
at its command, and is wholly independent of the
banks. It can, moreover, control the gold current at
any time it chooses to do it. We suggested the way
for obtaining this control last week. All the action
the Government will find needful is to adopt Secretary
Manning's method of procedure. As soon almost as
the Tariff bill is signed the inflow into the Treasury
will become and for a time will continue to be
greater than it ever was before in the same
period. Why not then permit twenty, or if need be
forty, millions of the legal-tender notes to accumulate
in the Treasury as rapidly as it can conveniently be
done. It would be found that even before the first
amount named of this paper money had been taken out
of bank vaults and put into the Treasury the percentage
of gold in the Customs payments would be increased.
Soon, too, our banks would be depositing gold for
the transfer of currency to the West and South, for
with the direct shipments and Treasury accumulations
the load of paper money would soon be gone.
In that way likewise,
and as commerce re­
vived—for it is certain slowly but steadily to be
restored to the old status—the currency temporarily
accumulated in the Treasury would also get distributed
over the country, the-Government holdings be decreased
and again put into a normal state. This would be a
legitimate method for getting gold into the Treasury
and not a charitable affair; besides it would fit the
present financial surroundings admirably.
The condition of the mills at Hew Bedford and Fall
Eiver, with a strike at one place and a lock-out at the
other, appears to a large portion of the public incon­
gruous just at the present moment. It is easily explain­
able. The question whether these mills have heretofore
paid too low wages is not up for discussion at the moment.
All we know under that head is that there is no State in
the Union where more laws have been passed which
were intended to be in the interest of raising mill
wages for less hours of work than have been passed in
Massachusetts. Moreover, we find if we want to hire a
man in the country around Hew York for grubbing,
garden-making or wood-cutting, we have to pay one
dollar and seventy-five cents a day, and if we want an
ordinary compositor we have to give him from eighteen
to twenty-three dollars a week. How if under these
circumstances it is true that an able-bodied man with
a family is working in Massachusetts at four dollars
and eighty cents a week at weaving (as a correspon­
dent of the Evening Post states) all we can say is that
the man had better find some other occupation. Ten
dollars and a-half for chopping wood appears to us
preferable as a permanent calling, for it certainly is
more profitable.
Putting that feature aside, the question which is
being asked everywhere is, how does it happen that
wages should be lowered just at this time when the
prospects for better business are so promising ? In the
first place it should be remembered that the spinning
industry and trade generally cannot improve except
slowly. If then manufacturers in Hew Bedford and
Fall River are in a bad state, that is, with large stocks
of goods and unremunerative markets, they cannot wait
perhaps for all the conditions to right themselves
before stopping manufacture and thereby stopping the

A

ug u st

25, 1894.]

307

THE CHRONICLE,
"

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

-

■

'■

q

The changes during the last six months are also quit
accumulation of this unsold stock. The Fall River
noteworthy.
In this period the companies increased
and Providence print cloth manufacturers have a stock
their
stock
investments
over 17 million dollars and in
on hand this Week o^ 1,15.7,000 pieces, against 629,000
creased
their
aggregate
of bonds and mortgages about
pieces this date last year and no stock the same week of
I
f
millions,
but
reduced
the amount loaned on collat­
1892. Moreover until the lock-out and consequent cur­
eral
over
11
million
dollars.
The aggregate of cash
tailment in production was known to be in prospect the
price of such goods did not pay production. Further­ has remained substantially unchanged,,standing at $74,more it should be borne in mind that although the 454,966 July 1, against $74,365,761 January 1, 1894,
managers of these cotton mills are honest and very but only $10,888,032 of the amount now consists of cash
able men, they believe, speaking broadly, that any on hand, against $13,982,844 January 1. In other words,
considerable prosperity to their industry is only the truso companies held on July 1 three million dollars
procurable with highest protection, and hence they do less of cash in their own vaults. The reduction is mainly
not look at the prospect under the new Tariff bill with accounted for by the fact that the United States Trust
the same hope and confidence that the new conditions Company held $2,000,000 of cash January 1, but
inspire in the mind of the New York public. These reports no cash on hand now, and that the Mercantile
consequently are the circumstances which have brought Trust Company reduced its amount from $1,028,969 to
about the stoppage of work at New Bedford and Fall only $20,048. Three of the companies had all but
River. One can readily see that manufacturing goods about a million of the $10,888,032 of cash on hand July
at a loss with a large stock already on hand awaiting 1, 1894, namely the Union Trust $4,044,572, the
but not finding purchasers under a hope that price will Farmers* Loan & Trust $2,003,211, and the New York
advance and make the venture profitable is a kind of Life Insurance & Trust $3,700,000.
The representative of one of the largest down-town
stern chase very discouraging and seldom successful.
banks
in the city says that there is a better supply of
We fancy that the medicine this abstention from
commercial
paper in the market now than there has
work is giving the market will cure the disparity,
been
in
three
months, and very much of it is first-class.
and that the old surplus under reviving demand will
It
comes
from
almost every quarter, not only from
be more rapidly absorbed than the managers antici­
merchants
in
the
city but through the regular chan­
pate.
A summary of the condition of the trust companies nels from almost all parts of the West and Southwest,
of New York State on the 1st of July has been issued the makers being engaged in the dry goods, grocery,
this week by the State banking department at Albany, flour, tobacco and a great variety of other trades, all of
and the results accurately portray the financial situa­ which indicates improved business conditions. The
tion as it existed at the date of the returns—the dis­ banks are selecting from this assortment with care,
trust prevailing and the unsettled state of trade and being governed by the character of the drawer and the
industry. Notwithstanding the efforts of the compan. rate, and as a rule all are buying, but some only to
aes to discourage deposits, owing to their inability replace maturing paper. At the same time there is a
to find employment for the money, the aggre­ good demand upon the banks having Southern corres­
gate of the deposits increased during the six pondents for re-discounts and these are pretty freely
months, being reported $271,873,804 July 1, made. While the outlook is good for a steady em­
1894, against $266,092,954 January 1, 1894. If we ployment of money there are at present no indications
compare with some of the earlier dates, however, the of very great activity.
It is quite likely that the bank stateihent to be
differences are not quite so great; on January 1, 1893,
the total of the deposits was only $264,295,047, but issued to-day will show a fairly liberal expansion of
on July 1, 1892, two years ago, the amount was $270,- loans resulting from the increased business of the
132,158, or but a million and three-quarters less than banks since the middle of last week. The increase
at present. The depression and lack of confidence in loans by the statement of last Saturday was
which have prevailed are clearly shown in the fact $1,676,100, making the amount $486,298,800, against
that out of total resources of $349,871,326 on July 1, $481,633,600 July 28. The specie was decreased
1894, the companies reported no less than $74,454,966 $24,300 while the legal tenders were augmented
$1,791,200, making a gain of $1,766,900 in cash. The
of cash on deposit in banks or on hand. If
•we go back to January 1, 1893—the date of deposits increased $3,852,400, a little more than the
the last return preceding the panic—we find that at that gain in cash and in loans combined, and the surplus
dime the cash in bank or on deposit was only $35,033,- reserve was augmented $803,800, and it then stood at
016 out of total resources of $335,707,779. Proceeding $67,806,650, while a year ago there was a deficiency of
a step further in the analysis, we discover that the $12,045,800.
Money on call, representing bankers* balances, has
"Companies now hold $19,208,157 of bonds and mort­
not
yet moved out of the stereotyped rate of 1 per
gages against only $15,062,290 on January 1, 1893, that
cent
at the Stock Exchange and of 1^@2 per cent
their stock investments are $83,098,272 against $57,185,648—both items therefore showing c6nsiderable at banks and trust companies; renewals at the E x­
expansion—but that the amount loaned on col­ change are made without question at 1 per cent. The
lateral is only $136,442,896 against $196,321,421. market for time money is firm, though mainly for the
In other words, the companies now have 60 million reason that lenders are not disposed to press theif
dollars less loaned on collateral than a year ago, and offerings. There is little or no inquiry for short
this explains the large amount of idle cash. In part dates below four months, and those of the foreign
the contraction is the result of the absence of specula­ bankers who last week were able to obtain 3
tion in stocks, in part it is due to the disinclination of per cent for loans for ninety days to four
the companies to put out their money except on the months have found it difficult this week to loan at
best grade of securities so long as the railroad industry that figure. The commission houses who are carrying
remained so greatly depressed and things appeared to stocks are not in urgent need and they can obtain what
money they require from the call loan branch of the.
be going from bad to worse.




808
THE CHRONICLE.
[Vol, LIX,
■«g- ■■1 ................
........... -■
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market,*or, as is the case with a great many of their
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stocks, have them carried by the “ bears.” There
87
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f 60 d a y s .. 86 «
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M agoun & Co. \ S ig h t...... 8 7 «
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88
of railroad mortgages and some special trans­ B ank B ritish (6 0 d a y s .. 87
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actions at rates which are not regularly quoted, B Nano.k oAfm erica.. \f S60igdhat......
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M o n tre a l........ \ S ig h t........ 88
88
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but the business is very small. Quotations for C an a d ian B a n k (6 0 d a y s .. 87
87
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f
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erce.
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ig
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88
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loans on good Stock Exchange collateral are
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86«
86«
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for thirty, 2 per cent for sixty and 2£ per cent for e lh e im e r & Co 1 S ig h t....... 88
86«
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87
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8
7
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88
88
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fiinety days, 3 per cent for four, 3£ per cent for five and
M e rc h a n ts’ B k. (6 0 d a y s .. 87
87
87
87
87
87
88
88
3f@ 4 per cent for six months or longer dates. As o f C a n a d a . . . . 1 S ig h t...... 88
88
88
88
iioted above, the supply of commercial paper is improv­
As already stated, the market was weak on Friday,,
ing in volume and in quality, and the demand is good. but closed steady with nominal rates 4 86£@4 87 for
Quotations are, however, not changed compared with sixty day and 4 87i@ 4 88 for sight. Quotations for
last week, though the tone is a shade firmer at the actual business were 4 85-|@4 85f for long, 4 86-J
close at 3@ 3i per cent for sixty to ninety-day endorsed @4 87 for short, 4 86f@4 87£ for cable transfers,
bills receivable, 3^@3f for four months commission 4 85@4 85£ for prime and 4 84|@ 4 84f for docu­
house names, with some few sales at 4; 4@ 4| for prime mentary commercial bills.
The Valencia from
and
for good four to six months single names, Cuba on Thursday brought $1,061,700 Spanish and
sales of the former having been made at 5 per cent, and French gold in transit, of which $580,000 will be
of the latter at 6 per cent, though these are regarded as shipped to France to-day.
not fairly quotable.
We give on another page our statement of gross and
One feature in the European markets this week has net earnings for the first six months of the year, show­
been a good demand for silver in London, which ing a loss of nearly 69 million dollars in gross and over
brought about a sharp advance in the price to 30^ 23£ million dollars in net on 112,570 miles of road.
pence on Wednesday, but on the following day there Fortunately this reflects past conditions. For the cur­
was a decline to 29-J pence, probably due to a natural rent weeks the improvement previously noted is being
reaction, although it was then reported that the attempt well maintained. For the second week of August our
of China to float a loan of 1,000,000 taels, guaranteed statement actually shows a small increase, being the
by the merchants, had proved a failure, and this may first time that any weekly return has recorded
have had some influence upon the silver market. The a gain this year. The statement is not yet com­
Bank of England minimum remains unchanged plete, and it may^ be that the final exhibit, in­
at 2 per cent. The cable reports discounts of cluding other roads, will show a decrease, but
sixty to ninety-day bank bills in London 9-16 of 1 if so the decrease will be very small.
Since
per cent.
The open market rate at Paris the middle of July, when the railroad strike came
is 1 per cent, and at Berlin and Frankfort it is 1 | per to an end, the returns have been becoming less unfa­
cent. According to our special cable from London the vorable each succeeding week. For the 1st week of
Bank of England gained £793,085 bullion during the July the decrease had been 32*26 per cent and for the
week andjield at thé close of the week £39,597,412. 2d week of July 26*31 per cent; for the 3d week of
Our correspondent further advises us that the gain was July the decrease was only 12*41 per cent, for the 4th
due to receipts from the interior of Great Britain of week it fell to 3*90 per cent and for the 1st week of
£310,000 and from imports of £483,000, of which August it was but 1*91 per cent, while now
£372,000 were bought in the open market, £104,- for the 2d week of August our preliminary
000 were imported from Australia and £7,000 from statement, as already said, indicates a trifling increase—
France.
0*23 per cent. It is true that we are comparing with
The market for foreign exchange was steady to firm heavily diminished totals last year, there having been
until Thursday. The demand for current remittance a decrease then of 12*31 per cent in the first week of
was sufficient to absorb the small offerings, and rates August and a decrease of 14*89 per cent in the second
for actual business in sterling gradually advanced, week, but considering that the roads lack this year the
affecting also Continental exchange, and the tone was large passenger traffic which the Fair gave them last
quite strong on Wednesday until late in the after­ year and that the revival of business has not had time
noon, when it grew easier. On Thursday the mar to make great headway yet, the course of earnings must
ket was weak, especially for sterling, and then there be considered quite encouraging.
was some inquiry by holders of maturing cotton futures
The Chicago & North Western Bailroad has issued
as to the best terms which would be offered by buyers, its return for July, the month when the railway strike
whereas early in the week these holders were unwilling so completely tied up for a time the roads entering
to make the least concession. These negotiations Chicago. In the form in which the figures are given
brought out some bills, and particularly those matur­ out there ,is a decrease of only $461,224. But the
ing in September and October, and it was expected statement is made up in the same way as for June, and
that the offerings would be comparatively large before covers 5,031 miles of road this year, against only
the end of the current month, as many of the hold ers 4,273 miles last year—that is, the operations of the
would be forced to sell. The reports from Washi ng- Milwaukee Lake Shore & Western are included
ton that the Tariff bill would become a law by for 1894 but not for 1893. We do not know what the
limitation, thus ending all suspense regarding that July earnings of the Lake Shore & Western were this
measure, was an influence inducing the weakness year or last, but in 1892 the amount was $407,478. On
in the market. Yesterday the tone was Weak at the same basis of mileage therefore in 1894 and 1893
the opening, but subsequently the market became the decrease of the Chicago & North Western the present
a little firmer and the close was steady. The follow­ year instead of being $461,224 would probably be in
ing table shows the daily changes in rates of ex­ the neighborhood of $800,000. Doubtless expenses
change by leading drawers.
'
have been reduced in an equally marked way.




A ug ust 2 5 ,

THE CHRONICLE.

1894. ]*

The followiDg statement, made up from re
tu rn s' collected by us, shows the week's receipts
«nd shipments of currency and gold by the New York
banks.
Received by Shipped by
N . Y. Banks• N . Y. Banks.

Week Ending August 24,1894.

Net Interior
Movement.

GNMA , . . . . . „ „ „ » T . T ______________

$5,600,000
701,000

$3,368,000 G ain.$2,244,000
500,000 G ain.
201,0 0 0

T o ta l g o ld an d le g a l t e n d e r s ....

$ 6 ,8 01,000

$ 3 ,8 56,000 G ain.$2,4 4 5 ,0 1 0

With the Sub-Treasury operations the result is as
follows.
Out of
Banks.

Week Ending August 24, 1894.

Into
Banks.

B an k s’in ter lo r m o v em en t, a s a b o v e

$6,301,000
11,000,000

Net Change in
Bank Holdings.

$ 3 ,856,000 G ain.$2,445,000
17,400,000 L oss. 6 ,4 0 0 ,0 0 0

T otal go ld a n d le g a lte n d e r s .___ $17,301,000 $21 ,2 5 6 ,0 0 0 IiOSS.$3,955,000

The following table indicates the amount of bullion
in the principal European banks.
August 23, 1894.

Bank of

England..........
France...........
G e rm an ;*....
A u st.-H u n g’y
Spain..............
N etherlands..
N at, Belgium*

August 24, 1893.

Gold.
£

Silver.
£

Total.
£

Gold.
£

Silver.
£

Total.
£

39,597,412
76,042,969
85,395,050
12,045,000
7,943,000
4,528,000
2,934,000

50,799,005
11,798 350
15,902,000
9,256,000
6,901,000
1,467,000

39,597,412
126,841,974
47,193,400
28,547,000
17,199,000
11,429,000
4,401,000

24,818,437
68,229,000
30,621,750
10,704,000
2,468,000
2,709,333
7,916,000

51,071,000
10,207,250
18,360,000
6,968,000
1,354,667
6,364,000

24,818,437
119,300,000
40,829,000
27,064,000
9,436,000
4,064,000
14,280,000

T ot. th is w eek 179,085,431 96,123,355 275,208,786 147,466,520 92,324,917 239,791,437
T ot. p rev .w ’k 177,384,131 95.759,759 273,143,890 148,176,013 92,165,000 240,341,013

* The division (between gold and silver) given in our table of coin
and bullion in the Bank of Germany and the Bank of Belgium is m ade
from the best estim ate we are able to obtain; in neither case is it
claimed to be accurate, as those banks make no distinction in their
weekly returns, m erely reporting the total gold and silver, but we
believe the division we make is a close approximation.
N ote.—We receive the foregoing results weekly by cable, and w hile
not all of the date given at the head of the column, they are the r e ­
turns issued n earest to that d ate—that is, the latest reported figures.

THE CHESAPEAKE & OHIO REPORT.
The history of the Chesapeake & Ohio Railway
indicates how a property which at one time appeared to
have a very unpromising future can be advanced in
position under good management and a wise poliey.
The road is what is known as a Drexel-Morgan prop­
erty, and was reorganized by that firm. It furnishes
an example of some of the best of that kind of work
the firm has accomplished, as is made evident from
the results of the company's operations for the late
fiscal year, shown in the annual report submitted this
week.
A few years ago the Chesapeake & Ohio was a thor­
oughly discredited concern. It was in a poor way
physically and financially. Its unfortunate condition
was not the result of business depression or of other
extraordinary occurrences. It was the result simply of
the fact that the road had not been brought up to the
requirements needful in its case. As the subsequent
history of the company has proved, there was chance
enough for development, but in the absence of the
needed requirements this development could not be
carried out. These requirements were of rather an
exceptional order. By reason of its location and the
character of its traffic, it could never hope to obtain
anything but low rates. It might build up a large
freight movement—in fact the opportunity in that
regard was not lacking—but the traffic being composed
mainly of coal and other minerals, the business’would
necessarily have to be done at small rates.
As coal is bulky and is also a prime article of fuel,
the railroads everywhere are obliged to transport it at




309

low figures. In the Chesapeake & Ohio case circum­
stances imposed a particularly low rate. Much of the
coal would have to find a market at tide-water, and ofl,
this class of coal tonnage competition had become SO
intense that little or no margin of profit seemed to be
left to the carrier. There was another class of tonnage
the road might develop, namely through shipments
between the West and the seaboard, but that too, from
the necessities of the situation, would have to be
taken at low average rates. The problem then was to
build up a paying business at a minimum of compen­
sation. The experiment has been watched with con­
siderable interest, and it would appear that the prob­
lem has been solved.
The first step in the process of course was the entire
reorganization of the property, physically and finan­
cially. How thoroughly this part of the work was dona
our readers know. Then the extension to Cincinnati
was built, completing the through line and making it
possible to send coal to the West and to develop a through
business between the West and the seaboard. The new
parties in control placed Mr. Melville E. Ingalls in
charge of the active management of the property, and
he has succeeded in accomplishing results which hardly
seemed possible a few years ago. It was recognized at
the outset that the problem of obtaining a profit from
the transportation service at such low rates involved
two fundamental requirements, (1) the reduction of the
average cost of doing the work by bringing road-bed,
track, &c., to a high state of perfection, and (2) an ex­
pansion in the volume of traffic so as make aggre­
gate profits large, even though the margin of
profit per unit of work might be narrowed to the lowest
compass
It has been evident for some time that botfi tnese re­
quirements had been attained, but it remained for the
late year to demonstrate the strength of the company g
position. The property was of course reorganized on a
low basis of fixed charges, but since the reorganization
the charges have been considerably enlarged, in part
through the acquisition of new mileage, in part
through new capital outlays and in part through the
extinguishment of the preferred shares and the con­
version of a portion of them into bond issues. We do
not know that any one had any apprehension that the
property might not be able to meet its charges
even in a year of depression. But if any such
doubt had been entertained it would now be dispelled.
The year was such as to put all railroad companies to
a severe test, and yet the report shows that the Chesa­
peake & Ohio earned all its charges on the operations
of the twelve months and had left a small surplus—that
is, with $3,002,920 charges to meet, net earnings were
$3,016,980. And that was the result notwithstanding
a reduction in gross earnings of over 1^ million dol­
lars as compared with the year preceding, this having
been the first time since the reorganization that the
upward movemenc of earnings was reversed.
While the year was an extraordinary one for all our
railroads, in the Chesapeake & Ohio case the conditions
were exceptionally adverse. President Ingalls says the
road not only had to meet severe competition and ex­
ceptionally low rates, such as always characterize
periods of depression, but it was also confronted with
the greatest stagnation in the iron trade that has been
witnessed for years—so 'severe that many of the fur­
naces along the line stopped operations entirely. The
lumber traffic, which forms an important item in the
road's business, was likewi e greatly depressed. B ut

310

THE CHRONICLE.

most important of all was the interruption of the coal
traffic] arising from the strikes of the miners.
The mine owners along the line decided last
February, Mr. Ingalls says, that in order to
compete with other districts they must reduce
the price paid the miners for working the coal. " This
action led to strikes which lasted pretty nearly two
months, and the trouble had scarcely terminated when
the general strike of bituminous coal miners all oyer
the country occurred and the miners along the road
again went out. Altogether during the fiscal year the
company had to contend with one hundred days of
coal strikes. Some few of the mines continued at
work, but at times the company could get little more
than enough coal for the use of its own locomotives.
As a result of these various adverse circumstances the
road’s traffic in coal, lumber and iron, the three largest
items of freight, fell off as compared with the year pre­
ceding 610,951 tons, involving a loss of gross revenues
of over three-quarters of a million dollars.
We have spoken above of the low rates at which the
road is obliged to do business, this being an indispen­
sable condition of its existence. The operations for
the late year serve to emphasize our statement in that
regard. There was indeed in that period a further de­
cline all around. Last year we directed attention to
the fact that on coal carried to the seaboard the road
had realized in the fiscal year 1892-93 an average of
less than a third of a cent per ton mile, the actual
figure being only 3*27 mills ; but for 1893 94 the aver­
age dropped still lower—to only. 3 ’20 mills. These are
extraordinary figures, and they follow from the con­
ditions under which the seaboard coal tonnage is done.
But even on coal moved elsewhere than to the
seaboard the average was only 4*56 mills in
1892-93 and but 4*43 mills in 1893-94. On its
general merchandise freight the averages are a little
better, but yet very low, and here, too, there was a
further decline in the late year, the average for 1892-93
having been 6 ’43 mills and for 1893-94 5*66 mills. The
general average on all kinds of freight, including coal,
dropped from 5*11 mills to 4*78 mills. In other words,
the road in 1892-93 realized an average of but little
over half a cent per ton per mile on its entire freight
tonnage, while in 1893-94 the average was actually
below half a cent per ton mile.
In view of this further decline in rates, the abnor­
mal industrial conditions existing in the country as a
whole and the special adverse circumstances with which
the road itself had to contend, the fact that the prop­
erty was able to earn enough to meet all fixed charges
is certainly a noteworthy one. And the management
are fully justified in expressing gratification over the
result. As Mr. Ingalls well says, the road is not likely
ever to be put to a severer test than that to which it
was subjected in the year now passed. How the favor­
able outcome was rendered possible is evident when we
note that the average train load was further increased
in 1893-94, and reached the very high average of 301 tons,
For the New York Central the average train load in
the fiscal year 1892-3 was 270 tons and for the Lake
Shore the train load in the calendar year 1893 was 275*7
tons ; and this furnishes an idea of the excellent con­
dition in which the property has been placed, and of
the general poliey pursued in its management. On the
basis of the low rates received profitable results could
have been obtained in no other way except through
large train loads, and such large loads in turn in­
volved the bringing of the property up to a very




LVol. l i x .

high plane of physical condition. As bearing on
this latter feature and showing that the work
of improving the property keeps steadily going on, a
statement in the report with respect to the weight of'
rail in the track is important. The statement is to the
effect that the company has recently established its
standard of rail at 100 pounds per yard for the part p f
the line where the traffic is heaviest, 70 to 75-pound
rails to be used on the other portions of the line, and
it appears that actually 13 miles of 75-pound rails were
taken up during the year and 100-pound rail put in its*
place, the 75-pound rail being in turn substituted for
56-pound rail. In brief, the Chesapeake & Ohio pro­
poses to put in as heavy a rail as the largest of th&
Eastern trunk lines.
One effect of the improved conditions of the prop­
erty is seen ia the reduced cost of operating. Ia the
late year the ratio of expenses to earnings was only 67
percent, against 69 per cent in the year preceding, 75
per cent in 1892 and in 1891, and 78 per cent in 1890.
In the earlier years the company was spending large
amounts for betterments and renewals, and charging
the cost to operating expenses. These expendituresare no longer necessary—at least not to the same extent
—and this furnishes one reason for a lower operatingcost. Of course, however, in the late year the condi­
tions forced a policy of retrenchment and econ­
omy upon the road. Cross earnings fell off,,
as already stated, $1,292,702, and this wa3 met by a
reduction of $1,105,633 in expenses, so that net earn­
ings actually decreased only $187,069, notwithstanding
the low rates and the many adverse influences encoun
tered. President Ingalls states that the reduction in
expenses was effected without in any way allowing the
property to depreciate. He says that in part the reduc­
tion is attributable to the smaller volume of business and
the employment of a less number of men, in part to lower
prices of train supplies and in part to the fact
that the company arranged to obtain more cheap
coal than in the previous year. He says further­
more that with less business the trains ran
with more regularity, and there was a large saving in
the item of “ damage to property,” and that there was*
also a saving in the amount of “ over-time” paid the
men. Mr. Ingalls points out, however, that the com­
pany to some extent departed from its custom of re­
placing with 30-ton cars all cars destroyed during the
year; 266 of old and light freight cars were destroyed
or dismantled, and their numbers have not yet been
filled. In other respects the expenditures, he states, have^
been as great as, if not greater than, usual. Moreover,
all the economies mentioned were accomplished without
any reduction in wages. A very commendable feature
in the Chesapeake & Ohio report is the giving of a
statement each year to show how the additions to cost
of road and equipment are made up. Such a statement
should form part of every railroad report issued. Irt
the Chesapeake & Ohio case the exhibit clearly provesthat there have been no charges to capital account
except for distinctly new work.
The company did not choose to sell bonds during theyear at the prevailing quotations, to pay for its new
capital outlays, and hence had on June 30, 1894, $1,~
952,598 of bills payable outstanding, against which itheld $2,241,000 of its 4£ per cent bonds in its treasury
and was entitled to receive $500,000 in addition from
the trustees of the mortgage.
The ordinary currentliabilities at the same date were $2,100,227, and the
cash offsets $1,719,678.

A u g u st

THE CHRONICLE.

25, 1894.]

311

roads having even at that time reported losses.

In ther

RAILROAD GROSS AND N E T EARNINGS aggregate our statement then showed only $15,120,149,
FOR JU NE AND THE HALF-YEAR.
or less than 4 per cent, gain in the gross earnings, and
In giving to-day our statement of the gross and net
earnings of United States railroads for the first half of
the current calendar year, with its unparalleled record
of losses, it is not necessary to rehearse again at length
the various influences and events that contributed to
the unfavorable result. We set out the conditions
which prevailed during the half-year and which made
the period the most unfavorable in the industrial history
of the United States in our issue of July 14, in review­
ing the early returns of gross earnings for the six
months, and will only say here that considering
the great depression in trade which followed in the
wake of last year’s panic; the unsatisfactory
condition of the United States Treasury, unsettling all
business interests; the tariff uncertainties, restricting
imports and diminishing the shipments over the rail­
roads; the low price of wheat and unfortunate con­
dition of the agricultural classes; the falling off in the
grain movement; the depression of the silver mining
industry by reason of the depreciation of the metal; the
general strike of the bituminous coal miners, stopping
operations in many branches of trade and bringing the
iron industry in certain sections almost to a complete
stand-still; the Coxey disturbances; the Great Northern
strike; the strike of the American Railway Union in ­
augurated towards the end of June; the floods in Penn­
sylvania; the great floods in the North Pacific States,
and the rate disturbances among the railroads— when
we consider the nature and extent of these various in­
fluences and movements, it would seem as if everything
had conspired to make the half-year a disastrous one
to the railroad carrying industry.
From our monthly statements and from the returns
of the individual roads, it has long been evident that
the aggregate falling off for the half-year in gross and
net earnings alike would be exceedingly heavy. The
compilations which we have now prepared unfortun­
ately fully confirm the unfavorable anticipations. Our
statement is confined to the road3 which report both
gross and net, and therefore is not as extensive as it
would be if it covered the roads reporting gross earn­
ings alone. Nevertheless we have returns from 179
lines or systems, operating 112,570 miles, and the totals
are of large magnitude. Aggregate gross earnings of
these roads reach nearly 351 million dollars—in extct
figures, $350,945,696; but in the first six months of last
year these same roads earned as much as 1419,735,757,
showing that the loss the present year has been $63,790,061. Through forced economy and retrenchment
$45,195,025 of this loss in gross receipts was offset by a
reduction in expenses, but even after this reduction
there is a decrease of $23,595,036 in net earnings, the
total of the net being only $96,846,247 the present
year, against $120,441,283 last year. In ratio the loss
has been 16*39 per cent in gross and 19*59 per cent in
net.
January 1 to June 30.
(179 roads.)

Increase or Decrease.
1891.

1893.

Amount.

Per Cent

111,165 Inc. 1,405
113,570
$
$
$
350,945,696 419,735,757 Dec 68,790,061
G ross e a rn in g s ..............................
O p e ra tin g e x p e n se s .......................... 254,099,449 299,294,474 Dec.45,195,025

16-39
15-10

96.846.247 120.441.283 Dec.2S.59R.036

19-59

M iles o f r o a d .......................................

N e t e a rn in g s .................................

1-27

Losses of the magnitude of those here shown are,
as already stated, without a parallel in this country.
It deserves to be noted too that the comparison is not
with particularly good results last year, some of the




but $1,257,834, or only about 1 per cent, gain in net. A&
a matter of fact, as far as the net is concerned, the
improvement in these six months was comparatively
small even in the years preceding, as may be seen from,
the following, giving the record back to 1889. The'
statement also shows the results for the month of June
separately, which we review further below.
Year and
number
of roads.
June.
1889
1890
1891
1892
1893
1894

(97)
(128)
(128)
(124)
(122)
(129)

Cross Earnings.

Net Earnings.

Year
Increase or
Preceding. Decrease.

Year
Given.

$

$

Year
Given.

Year
Increase or
Prece <ing. Decrease.
%

*
40,874,440
49,168,356
50,519,690
68,540,293
59,469,146
43,031,344

40,406,076
44,245,849
48,387,290
54,215,818
57,755,984
53,408,530

-3 1 ,6 3 6
+4,922,507
+2,132,400
+4,324,475
+1,713,162
—10,377,186

$
12,517,672
14,274,544
15,800,359
17,515,406
17,774,669
11,661,158

12,698,260
12,777,720
14,077,053
16,765,575
16,788,759
16,177,899

*
—1S0.58&
+ 1,496,824
+1,723,306.
+ 749,831
+1,035,916
—4,516,*41

302,602,206
345,272,509
387,698,281
448,515,806
438,662,810
,350.945,690

281,252,741
309,773,591
380,381,063
416,936,311
423,542,661
119.735,757

+11,349,465
+35,498,918
+7,317,198
-1-31,579,495
+15,120,149
—68.790.081

90,499,917
105,190,424
116,917,553
131,071,945
126,821,797
96.846,247

81,860,803
93,289,063
113,331,921
124,464,710
125,563,963
120,441,283

+8,639,11 +
+11,901,361
+3,585,633
+ 6,607,235
+1,257,834
-2 3 .5 9 5 ,0 3 6

J a n .l to
June 80.
1389
1890
1891
1892
1393
1894

(114)
(150)
(183)
(190)
(181)
(179

It is important to note that the closing months of
the half-year were really the most unfavorable of allin fact, the conditions governing earnings grew stead­
ily worse as the half-year progressed, and the returns
of course reflected that fact. In the gross the decrease
in January was $7,077,458, or 13*08 per cent, and in
February $8,881,192, or 16*83 per cent; in May it was$11,935,834, or 19*51 per cent, and in June $10,377,186, or 19*43 per cent. In the net the decrease became
larger each succeeding month until May, when the
falling off reached $6,253,373, or over 33 per cent; for
June the decrease is $4,516,741, or 27*91 per cent.From the June exhibit the Atchison is missing, except
for which fact the showing doubtless would differ
little from that for May.
GROSS AND NET EARNINGS.

Net Earnings.

Gross Earnings.
Month

J a n ...
F e b ...
M arch
A pril..
M ay ...
J a n e ..

1894.

1893.

$
47,050,389
43,895,267
50,243,668
49,151,945
49,226,912
43,031,344

$
54,127,817
52,776,459
60,776,789
58,511,149
61,162,746
53,408,530

Inc.orDec. P . c.
$
—7,077.458
—8,881,192
—10533121
—9,359,204
-11935834
—10377186

13-08
16-83
17-33
16-00
19*51
19-43

1894.

1893.

$
11,633,196
11,189,407
15,073,291
12,624,314
12,253,187
11,661,158

$
12,765,024
13,343,747
18,210,291
16,262,586
18,506,560
16,177,899

Inc.orDec. P.c.
$
-1,131,828
-2,154,340
—3,137,000
—3,638,272
-6,253,373
—4,516,741

8-87
16-14
17-22
22-37
33-79
27-91

N o t e .—The number o f roads inoluded in January w a s 135; in Feb­
ruary 133; in March 136; in April 147; in May 141; in June 129.

On some of the individual roads the losses are o f
striking and appalling magnitude. For the Pennsyl­
vania lines east and west of Pittsburg and Erie th e
decrease in gross earnings reaches over 12£ million
dollars. The Pennsylvania, naturally, has the largest
amount of lo?3 of any, because its traffic and earnings
excel those of any other system, and because the system
is greatly dependent upon the iron and coal industries,
both of which suffered with especial severity from the
adverse conditions ruling. But the losses on other
large systems are hardly less noteworthy. Thus the
Union Pacific has a decrease in gross of $5,161,815, the
Atchison (including the St. Louis & San Francisco) adecrease of $4,130,870 (the figures in this case covering:
only the five months to May 31), Burlington & Quincy a
decrease of $3,815,869, the Erie a decrease of $3,109,301,,
the Reading, with the Coal & Iron Company, a decrease
of $2,902,551, the New York Central a decrease of
$2,869,958, the Baltimore & Ohio a decreae of $2,800,559, the St. Paul a decrease of $2,532,089, the
Southern Pacific a decrease of $2,468,235, the Lake
Shore $2,434,339, the Louisville & Nashville $1,500,298*

S312

THE CHRONICLE,

the Illinois Central $1,383,505, etc., etc., the losses
coming from all classes of roads and from all sections
of the country.
In the net the losses have been reduced through the
practice of severe economies and retrenchment, and
the record of some of the roads in this respect has been
quite encouraging. The St. Paul with $2,532,089
decrease in gross has only $214,764 decrease in net,
the Burlington & Quincy with $3,815,869 decrease in
gross has only $506,876 decrease in net, the Baltimore
& Ohio with $2,800,559 decrease in gross has only
$801, 848 decrease in net, the Lake Shore with $2,434,339 decrease in gross has $241,495 decrease in net, the
Louisville & Nashville with $1,500,298 decrease in
gross has but $273,700 decrease in n e t; and
many other instances of the same kind might
be mentioned. The Atchison, the Union Pac­
ific and the Erie seem to have been less successful in the
attempt to curtail expenses than the roads already
mentioned, and their losses in net are consequently very
heavy, the decrease for the Atchison (5 months) being
$2,675,129, for the Union Pacific $3,041,112 and for
the Erie $1,799,869. The Pennsylvania reduced its
expenses over 8|- million dollars (Eastern and Western
lines combined), but as the loss irt gross was over 121million dollars, this still left $3,699,591 decrease in
net, and of course the Pennsylvania stands at the head
of the list among those having suffered heavy
reductions of their net. Some other roads with
large losses in net are the Southern Pacific with
$1,184,430 decrease, the Illinois Central with $919,727
decrease, the Central of New Jersey with $873,834 de­
crease, the Canadian Pacific with $784,039 decrease,
the Denver & Rio Grande with $636,250 decrease, etc.
The following gives all the principal changes for the
six months in both gross and net. In the net earnings
we have taken the amounts down to $100,000, in the
gross down to $200,000. It will be observed that
there are two roads having increases above the limit in
the gross—one a Mexican road and the other the Flor­
ida Central & Peninsular, which is operating a larger
mileage—and four with increases above the limit in the
net.
PRINCIPAL CHANGES IN G R O S S EARNINGS IN 6 M O N T H S .

In crea ses.
Fla. Cent. & P enin___
M exican Central.........

D ecreases.
$440,587 Boston & Albany.........
*619,362
234,849 Manhattan E levated..
609,608
Del. Lack. & Western.
607,046
Total (represent’g
N. Y. Chic', & St. L __
606,753
2 roads)............
$675,406 Buffalo Roch. & P itts.
573,332
D ecreases.
Fitchburg......................
488,202
P en nsylvan ia!(3 rds.).$J 2,273,606 West. N. Y. <& P e n n ...
482,108
Union Pacific (11 r’ds) 5,161,815 Del. & Hudson (3[r’ds)
441,419
Atcb.Top
&S.Fe(2rds)*
4,130,870
Cin.N.O.<fcT.P.(4r’ds)*
426,475
a ■ I a . i «.I
P— ( V n .-v ,
o
Chic.
Burl. &
Quincy.. 3,815,869
Chic. Burl. & North’n.
378,547
N. Y, L. E. & Western. 3,109,301 A llegheny V a lle y ......
372,597
Phila. & R. and. C & I.. 2,902,551 Gr. Rap.& Ind. *4 r’ds)
353,742
N . Y. Central............... 2,869,958 Kan. C. Ft. S & Mem.
347,663
B alt. & Ohio (2 rds.).. 2,800,559 Sum. Br. & Ly. Valley.
333,644
Ohie. Mil. & St. P au l.. 2,532,089 Lake Erie & Western..
297,906
Southern Pac. (6 rds.). 2,468,235 F lint & Pere Marq’tte.
277,639
Bake Sh. &Mich. 8 o .. 2,434,339 Tol. & Ohio Central*..
258,144
Louisville & N ashville 1,500,298 Rich. & Danv. (4r'ds)*
235,872
Illinois Central............ 1,383,505 Louisv. N. Alb. & Chi*
235,227
Central of N. J ............ 1,381,581 Chic. & Grand Trunk.*
224,685
Mich. C. and Can. S o.. 1,381,000 Norfolk & W estern__
221,643
Canadian P a cific....... 1,322,228 Nashv. Chatt. & St. L.
205,817
Denver & Rio Gr. . . . . . 1,255,866 Ches. Ohio & So’w est..
203,693
1,196,561 Chic. & West Mich.......
W ahaeh................
200,9 77
Chesapeake & O h io...
822,411 8J. Paul & D uluth.......
200,366
Northern Central........
797,404
Clev. Cin. Chic. & St.L.
755,617
Grand Trunk* ............
631,873
Total (represent’g
N, Y. & New England.
625,314
80 ro a d s)........... $66,755,317
f The gross on Eastern lines decreased $7,637,240 and on Western
lin es decreased $4,636,366.
* For five months.
PRINCIPAL CHANGES IN N E T EARNINGS IN 6 M O N T H S .

In crea ses.
M exican Internat’l __
D uluth & Iron Range.
Fla. Cent. & Penin ...
Tol. A. A. & N. M ich,..

$153,579 At. T. & 8. Fe (2 r’ds)* L$2,675,129
149,183 N. Y. L. E. & W e s t.... 1,799,869
137,251 Southern Pao. (6 rds.). 1,184,430
131,720 Illinois C e n t r a l........
919,727
C entralo! N. J ___ _
873,834
Total (representing
Balt. & Ohio (2 rds ) ..
801,848
4 ro a d s)................
$571,733 Canadian Pacific.........
784,039
HÖßdTO&ÄCs
D enver & Rio Gr....... .
636,250
Pennsylvania! (3 rds.) *$3,699,591 N. Y. Central................
596,549
Union Pacific i l l r’ds) 3,041,112 Manhattan E levated ..
567,671




ÏV

D ecreases.
Chic. Burl. & Quincy..
Dela. Lacka. & W est..
W abash...............
Northern Central.......
Phila. & Read. & C. & I.
Louisville & Nashville
Buffalo Roch. & P itts.
N. Y. Chic. & St. L . . . .
N. Y. & New England.
Lake Sh. & Mich. S o..
Grand Trunk*...............
Del. & Hudson (3 r’ds)
Chic. Burl. & N orth ...
Boston & Albany.........

$506,876
423,367
325,730
305,174
300,078
273,700
267,325
262,226
252,495
241.495
241,256
232,506
220,386
215,993

ol

. L IX

D ecrea ses.
Chic. M il..* St. Paul..
214,764
West. N. Y. &| P e n n ...
194,589
Sum. Br. and Ly. Val..
164,610
Rich. & Danv. (4 r’ds)*
149,825
Chic. & Gd. T run k *....
137,909
Lake Erie & W est............................... 129,023
A llegheny V alley............................... 127,293
Ches. Ohio & So’w est.
120,090
Rio Grande W estern..
101,853
Lou. N. Alb. & C h ic...
100,701
Total (representing
62 road s................$23,089,313

! The n et on Eastern lin es decreased $1,964,747 and on W estern
lines $1,734,844.
* For five months.

For the different sections the losses in net are heavi­
est proportionately in the Southwestern group and the
Pacific Coast group. The one shows a loss of $3,362,712, or 40*66 per cent, the other a loss of $5,072,596,
or 30*12 per cent. It is a significant fact, as showing
how general and widespread has been the effect of the
depressing influences, that outside of the Mexican
roads there is not a single group that has escaped a
decrease in either gross or net. In amount of course
the decrease is heaviest in the trunk-line group, these
roads having lost $28,437,330 in gross and $8,244,519
in net. In the one case the decrease is somewhat less
than 20 per cent, in the other it is a little over 20 per
cent. The New England roads have lost a little in
excess of 14 per cent in both gross and net. For the
roads in the Middle States the decrease in net is 24*09
per cent and for the Middle Western group 23*85 per
cent.
Se c t io n o r
Gr o u p .

Gross Earnings.
1894.

1893.

June.

$
$
T ru n k lines..( 9) 12,221.467 16,650.598
A n th ra . coaI{ 7) 0,257,796 6,189,667
E a st. & M id. (16)
1,746,824 2,296,713
Mid. W e s t’n.(19) 2,604,610 3,527,039
N o rth w e s t’n ( 9)
5,558,253 7,217,178
S o u th w e st’n .( ll)
1,077,469 1,371,788
Pacific C o ast (22) 7,651,240 9,877,564
S o u th e r n ....(3 3 ; 4,698,806 5,081,750
M ex ic an ....... ( 3)
1,219,879 1,196,233
T o t.. (129 r ’ds)

January 1 to
June 80.
N ew E n g ....( 7)
T ru n k l!nes..(16)
A n th ra. coal (12)
M id d le .........(22)
Mid. W e s t’n.(25)
N o rth w est’n (10)
S outh w e s t’n(13)
Pacific C o ast (23)
S o u th e r n ....(47)
M ex ican .......( 4)

Net Earnings.
1894.
$
2,940,427
1,865,629
454,732
540,087
1,912,408
325,890
1,778,050
1,393,102
450,833

1893.

Ine. or Dee.

*
$
P. C.
4,780,385 —1,839,958 38'49
1,638,872
+226,757 1383
759,787
-305,055 40-15
1,171,234
—631,147 53'88
2,326,091
—413,683 17-78
391,985
—86,095 1686
8,334,216 —1,556,196 4667
1,369,313
+33,789 2-49
415,986
+34,847 8-39

43,031,344 • 53,408,530 11,661,158 16,177,899 —4,516,741 27-91
10,131,452
121,291,480
35,964,099
15,865,255
18,277,769
34,587,610
22,355,361
46,038,026
38,480,100
8,039,545

11,822,108
149,728,810
41,718,941
19,198,852
21,829,382
41,695,663
28,450,276
55,152,470
42,256,163
7,883,094

3,017,741
32,355,108
9,139,221
5,164,574
4,569,296
11,667,477
4,907,385
11,767,379
11,334,298
2,893,768

8,551,032
40,599,627
11,083,568
6,804,174
6,000,375
12,446,269
8,270,097
16,839,975
12,196,744
2,643,424

-5 0 6 ,2 9 1
—8,244,519
—1,947,345
•-1,639,6 0
-1,431,079
—778,792
—3,362,712
—5,072,596
-862,146
+250,844

14-24
20-31
17-56
24-09
23-85
6-26
40-66
3012
7-07
9-48

T o t.. (179 r ’ds)) 350,945,69f 119,735.757 96,846,247. 120,441,283 —23,595,036 19-59
M i l e a g e .—Mileage for the above groups for the six m onths is as fol­
low s : New England, 1,631 m iles against 1,537 miles In 1893 ; Trunk
lines, 23,434 against 23,171; Anthracite coal, 3,457 against 3,4 5 7 ;
Middle States, 3,139 against 3,107; Middle Western, 8,776 against
8,716; Northwestern, 16,090 against 15,930; Southwestern, 13,012
against 13,016; Pacific Coast, 21,962 against 21,482; Soatiiern, 17,117
against 16,709; M exican, 4,042 against 4,040; grand total, 112,570
against 111,165.

The Southern group makes by all odds th^ best
exhibit of any. Its loss in net is only $862,446, or but
little over 7 per cent, and even in the gross the falling
off only slightly exceeds 9 per cent. The Northwestern
group (from which are lacking some prominent roads
like the Chicago & North Western, the Manitoba and the
Rock Island) shows even a smaller ratio of decrease in
net than the Southern, namely only 6*26 per cent, but
this is largely the result of economies in operation,
and the decrease in gross is nearly twice as large as for
the Southern group, and reaches over 17 per cent. At
the end of this article we print a full detailed state­
ment, giving the figures for each road by itself both in
the Southern group and all the other groups.
For the month of Jane, as already indicated, the
losses are very heavy, reaching $10,377,186, or 19*43
per cent, in the gross, and $4,516,741, or 27*91 per
cent, in the net* While this is a somewhat smaller

A u g u st

THE CHRONICLE.

25, 1894.1

decrease than for May, if the Atchison, which is miss­
ing, were included, the aggregate loss for June, as al­
ready stated would probably be little less than for
May. Aside from the Mexican group there is
only one other which has an increase in both
gross and net, namely the anthracite coal group,
the good showing in that case following from
the extraordinary output of anthracite in that
month, the mining and carrying interests having taken
full advantage of the strike in the bituminous coal
regions.
One other group has a gain in net for the month,
though not a gain in the gross. We refer to the
Southern roads, which in this case also are distinguished
for better results than most of the groups given. In
gross these Southern roads have sustained a decrease of
less than 8 per cent, while there is not a single other
group (barring the Mexican roads and the Anthracite
Coal roads which, as already said, have slight gains)
where the decrease does not exceed 20 per cent. In the
net the losses in several of the sections run as high as
40 per cent, and in one instance even above 50 per cent.
The following shows the principal changes for the
month in both gross and net.
PRINCIPAL CHANGES IN G R O S S EARNINGS IN J U N E .

D ecrea ses,
PMla. & R.^C ^& ^ron! $223,241 Chesapeake & O hio.. . . . $143,251
100,872
Norfolk & W estern.......
86,719 Central of N. J ...............
93,284
Fla. Cent. & P en in .........
72,536 West Va. Cent. & P itts.
West. N. Y. & Penn.......
87,520
A llegheny V alley...........
84,233
Total (representing
56,851
4 roads): ................ $38 2,496 F lin t & Pere Marq . . . .
Gr.
Rap.
&
Ind.(4
rds.).
53,857
D6CF68.S68*
53,157
Pennsylvaniat (3 rds ).$2,784,583 Iowa Central....... .......
52,258
Union Pacific (i 1 r’ds). 1,098,287 Sum. Br. and L. V a l....
Chic. Burl. & Q u in cy...
929,231 Rio Grande W estern. . . 48,208
46,170
Southern Pac. (6 rds.)..
627.048 Burl. C. Rap. & No. . . .
49,277
615,069 L. Erie & W estern....... .
Illinois C e n tr a l___. . . .
Minn.
&
St.
L
o
u
is
.......
40,845
Balt. & Ohio (2 rds.) . . .
558,603
36,813
Chic. Mil & St. P a u l...
521,049 St. L. Alt. & T. H au te..
Chic.
&
W.
M
ic
h
...........
34,712
N. Y. L. E. & West.........
488,262
34,454
Canadian Pacific............
432,190 Chic. Burl. & N o r th ....
31,142
Wahash.............................
379,503 Peoria & E astern....... .
31,967
Denver & Rio G rande..
245,321 Nash. Ch. & St. L ou is...
Clev. Cin. Chic. & St. L.
187,038
Total (representing
Buffalo Roch. & P itts...
184,005
55 r o a d s)............ $10,457,789
Louisville & N ashville.
169,035
Northern Central..........
159,694
1 The gross on Eastern lines decreased $1,620,181 and on W estern
ines $1,164,402.
PRINCIPAL CHANGES IN N E T EARNINGS IN J U N E .

IHC]*6&868s

Phila. &R. and a & Iron $321,540 Buffalo Roch. & P itts.. $159,815
159,159
Kan. C. Ft. S. & M em ...
79,451 Denver & Rio G rande..
95,999
8t. Paul & D u lu th ......
44,308 Wabash.............. .............
98,441
Fla. Cent. & Penin.........
39,485 Chic. Mil. & St. P a u l....
89,613
Chesapeake & Ohio.......
35,737 Northern Central. . . . . .
Clev. Cln. Chic. & St. L.
74,068
West Va. r e n t & Pitts..
62.679
Total (representing
58,670
6 roads)................. $520,521 Iow a C en tral..................
sp a
Central of N. J ............ .
48,878
48,635
Pennsylvaniat (3 rd s.).$1,258,424 West. N. Y. & P enn.......
43,240
Union Pacific (11 r’ds)..
904,357 Allegheny V alley..........*
40,463
Illinois C entral____. . .
541,767 Rio Gr. W estern............
38,065
Southern Pac. (6 rd s.)..
330,657 Summit Br. & L. V al.. 30,62 7
N. Y. L. Erie & W est...
243,558 L. Erie & W estern.........
Canadian Pacific. . . . . . .
286,370
Total (representing
Chic. Burl, & Q u in cy...
260,846
41 r o a d s )...,......... $5,041,245
Balt. & Ohio (2 rds;) . . .
166,914
Eastern lines and $653,351 on

t The n et decreased $605,073
Western lires.

EARNINGS OF UNITED STATES RAILWAYS JANUARY 1 TO
JUNE 30.
— N e t -----Gross.1894.
New England—
$
B angor & A ro o sto o k ..
144,854
B oston & A lb a n y ....... 4,191,284
Bos. R ev . B ’h & L y n n .
114,708
B rid g to n & Saco R iv ..
13,593
F itc h b u rg ...................... 3,175,928
H oosac T u n . A W ilm ..
17,829
N.;Y. & N ew E n g lan d . 2.473,256

1893.

$

88,806
4,810,646
129,040
12,687
3,664,130
18,227
3,098,570

1893.

1894.
«
35,243
1,608,275
20,406
4.122
871,084
4,341
504,270

38,033
1,824,268
19,358
3,790
907,066
4,752
756,765

$

:

—2,790
—215,993
+1,048
+ 832
—35.982
—411
—252,496

T o ta l ( 7 ro a d s ) ... 10,131,452
1894.

11,822,106
1893.

3,047,741
1894.

3,554,032
—506,291
1893. Inc. or Dec-

7,530,520
2.088,631
5,917,320
713,327
6.834,285
1,204,766
384,096
11,379,056
26,248,177
15,763,634
5447,338
5,387,497
9,382,241
19,800,855
6,169,000
2.538,075

9,320,880
3,098,830
6,672,937
813,569
7,466,158
1,429,461
436,932
14,488,357
33,885,417
«20,400,000
5725,785
6,584.058
11,816,580
22,670,813
7,550,000
3,144,828

2,158.911
3 54,236
1,510,035
41,783
1,587,695
34,445
36,137
2.878,043
6,870,718
4.265,156
5135,006
1.068,293
3,198,415
6,498,462
1,740,000
322,779

—574,899
2,733.310
-227,449
381,685
—77,434
1,587.469
—22,355
64,138
—241,256
1,828,951
—137,909
172,354
—13,257
49,394
4,677,912 —1,799,869
8.835,465 —1,964,747
«6,000,000 —1,734.844
5295,763 5-160,757
-325.730
1,384,023
—241,495
3.439,910
—596,549
7,095,011
—25,000
1,765,000
-26 2 ,2 2 6
585,005

Trunk Lines—

Balt, & O .—B a s t O. R.
W e st O hio R iv e r—
Clev. Cin, Ch. & S t. L .
P e o ria & E a s te rn .. .
G rand T r u n k . c. . . . . . . .
Chic. & G r. T ru n k .c .
D et. G r. H . & M ilw .c
N. Y. L a k e E . A W e st
P e n n .—E a s t P . A E . , .
W e st P itt s . & E r ie ..
P itts . Y ou. & A s h ...
W a b a sh ..........................
L ak e Sb. & M ich. S o ..
N. Y. C ent. & H u d . R .
M ich. C en. A Can. So.
N. Y; C hic. & S t. L ....

T o ta l (1 6 ro a d s )...121,291,480 149,728,810




82.355,108 £40,599,627

-8,244,619

318
-G ross- -

Anthracite Coal—

C en t, o f N . J e r s e y . . . .
N . Y . O n t. A W e ste rn .
N . Y . S usq. & W e s t ...
P h ila . A R e a d in g .........
Coal A I r o n ................
S u m m it B r a n c h ..........
L y k e n s V a lle y ...........
D ela w are & H u d s o n —
A lb a n y & S u sq .........
N . Y. & C a n a d a ........
R en ss. & S a ra to g a ...
D el. L a ck . & W e s t . N . Y . L ack . A W e st.
S yra. B ing. & N . Y ..

1894.

1893.

-N e t1894.

1893.

Inc. or Dem

7,136,887
1,837,632
5,755,280
1,805,981
464,593
1,746.961
832,636
299,782
803,055
3,870,107
9,309,553 11,074,930
10,225,838 11,363.000 def.155,998
652,300
2,174
462,286
553,240 def.3,182
409,010

2,711,460
368,230
349,095
3,950,939
63,308
95,989
67,613

-873,834s.
+ 96,36»
—49,31»
—80.772:
—219,306
—93,815.
—70,795

1,803,781
305,890
965,078

2,118,306
407,152
1,050,710

700,593
32,358
238,476

912,856
21,648
269,428

—212,20»
+ 10 ,7 1 0
—30,95»

3,083 949
432,812

4 259,396
401,411

1,642,676
209,951

2,065,840
210,154

—423,164
-2 0 »

35,904,099
1894,

41,718,941

9,139,221

11,086,566

—1,947,345

1893.

1894.

1893.

Inc. or Dea.

80,829
A d iro n d a c k ..... .............
946,852
A lle g h e n y V a lle y .......
9,434
B a th A H a m m o n d sp ’t
917.598
B ro o k ly n E l e v a t e d ...
Buff. R o ch . & P itt s b ’g 1,082,888
344,533
C am d en & A tla n tic ...
10,611
C en t. P e n n . & W e s t ..
19,413
C h a ta u q u a L a k e .........
351,"00
C u m b e rla n d V a lle y ...
158,427
E l C o rt A N o rth e r n * ..
273,314
F a ll B ro o k .....................
185,947
L e h ig h & H u d s o n __
M a n h a tta n E le v a te d . 5,046,420
446,
*27
N. Y. P h il. A N o rfo lk .
N o r th e r n C e n tr a l........ 2,697,147
462,617
S ta te n Is l. R a p id T r . .
12,893
S to n y C’v e A C ats.M ts.
113,810
T io g a................................
174,896
U ls te r & D e la w a r e .. . .
674,369
W e s t J e r s e y ..................
539,338
W e s te rn M ary lan d . ..
W e st. N . Y . & P e n n . . 1,316,392

86,425
1,319,44 9
10,383
995.698
1,656,220
315,826
11,166
26,836
427,074
188,617
348,800
256,748
5,656,028
454,097
3,494,551
456,126
14,860
171,474
160,448
772,926
55«,570
1,798,500

Middle States—

T o ta l (22 r o a d s ) ... 15,865,255
1894

Middle Western—

$
741,234

C hic. A W e s t M ic h .. . .
291,794
C in. J a c k . A M ack......
117,315
C ln. P o r ts . A V lr........
57.641
Cin. L e b . A N o r th ’n ...
503,841
D e t. L a n sin g A N o rth
49 «,804
E lg in J o lie t & E a s t’n .
1,204,374
F lin t A P e r e M arq —
1,189,207
G r. R ap . & I n d ia n a —
Illin o is C e n tr a l............ 8,517,325
165,150
In d . D ec. A W e s t.........
19,534
I r o n ..................................
145,952
K a n a w h a A M ich .c ....
32,539
L a k e E rie A ll. A S o ...
L a k e E rie & W e ste rn . 1.503,156
L o u isv . N. Al. A Ch.c. 1,017.958
30,977
M a n is tiq u e ..................
38,587
P itts.C h a r.A Y o u g h ’y.
15,437
P ltts b . M ar. A C hic....
58,657
Sag. T u sc. & H u r o n ...
41,995
Sag. V al. & S t. L o u is..
617,081
St. L . A lt. A T. H .......
496,711
T oi. A. A . & N. M ich ..
563,186
T o led o & O hio r e n t.e
400,865
To!. P e o ria A W e s t’n .
38,888
W a b . C hes. & W e s t ..

19,198,852
1893.

$
942,211

340,631
128,843
62,01«
588,714
462,080
1,482,013
1,492,949
9,900,830
219,892
22.485
147,963
40,190
1,801,082
1,283,185
66,223
91,233
19,748
58,310
47,130
786,010
515,674
821,330
401.068
47,562

T o ta l (2 5 r o a d s ) ... 18,277,768 21,829,382
1893.
1894.
$
$
1,883,960
B url. Ced. R ap . & No.. 1,762,312
1.177,285
Chic. B u rl. & N o rth ’n .
798,718
Chic. B u rl. & Q uincy.. 15,’60,146 18,976,009
Chic. M il. & S t. P a u l . . 13.678,275 16.210,364
538,705
D u lu th & Iro n R an g e.
674,997
907,655
813,610
Io w a C e n tr a l................
182,363
178,162
K eo k u k A W e s te rn ...
859.708
783,814
M in n eap . A S t. L o u is.
132,184
110,998
Q uincy O m ah a A K . C.
827,450
627,084
St. P a u l & D u lu th .......

Northwestern—

25,150
446,231
3,564
433,967
504,165
def.5,385
1,022 def.626
903
2,297
104,674
93,648
53,391
34.541
161,844
76,740
79,290
49,148
2,775,397
2,207,726
98,401
99.541
738,082 f 1,043,266
108,353
140,364
1,918 def.3,8e0
90,713
48,995
45,644
36,482
162,989
152,055
151,086
166.840
524,027
329,438
17,457
318,938
2,159
360,949
236.840
49,394

6,164,674
1894.

$
98,331

—11,02®

—18,85»
—85,104
—30,142
—567.671
+ 1 ,1 4 »
—305,174
+34,011
+ 6 ,7 7 8
—41,718
—9,162
—10,994
+ 18,754
—194,58»

6,804,174 —1,639,600
1893. Inc. or Dee«.

$

159,187
57,621
44,634
20,641
19,047
19,107
21,023
99,802
60,834
98,280
138,922
314,615
340,754
279,381
241,038
2,948,133
2,028,406
49,921
17,682
2,844
2,283
45,417
34,693
6,769
3,946
732,408
603,385
370,338
269,637
18.693
32.667
27,052
10.003
3.320
1.9)5
18,495
12,088
13,928
13.0-1
297,592
242,059
120.796 def.10,924
277,065
179,947
101,561
01 732
10,099
9,483
4,569,296
1894.
$
445,007
163,045
5,307.231
4.640,903
372.809
231,807
54,758
261,185
34,976
155,698

—7,693
—127,293
—1.405
-7 3 ,0 1 8
—267,325
+ 54,77»
+ 1 ,6 4 8
+1,394-

$

-6 0 .8 5 8
—12,98V
+ 1 .5 9 4
—1,918
—38.968
+ 10,642
—26,18»
-3 8 ,3 4 3
—919,72V
—32,28»
-5 6 1
—10,724
—2,823
129,023
—100,701
-1 4 ,0 7 4
—16,98»
+ 1.405
- 6 .4 s 7
—847
—55,53»
+131,720
—97.11S
—39,82»
-6 1 6

6,000,375 —1,431,07»
1893. Inc. or Dec«
$
$
400.223
+ 44,784
—220,386
383,431
—508,876
5,814,107
4,855,727
—214,764
+149.183
223,026
—35.572
267,379
—2,241
56,907
-1 .8 2 7
262,512
32,234
+ 2,7 4 2
+ 6,065
150,033

—778,792
T o ta l (10 r o a d s ) . . . 34,537,610 41,095,663 11,607,477 12,446,269
1893. Inc. or Dec.
1894.
18fS.
1894.
$
$
$
$
Southwestern—
$
+4,562
14,146
18,708
38,284
A rk a n s a s M id la n d .. . .
38,702
2.099,322
4,403,028 -2,303,706
A tch . Top. & S. F e .c ... 12,671,079 16,19:^,377
—371.423
1,090,657
719.284
3,581,714
S t. L o u is A S. F ran .c 2,973,142
-8 ,4 7 2
37,864
46,336
123,564
A u s tin A N o rth w est...
1,629
4.121
—2.492
8,241
C r y s ta l...........................
—636,250
1.141,969
1.778,219
4,308,435
D e n v er A R io G ran d e.
—1,38»
18,305
19.688
41,908
E u re k a Springs . . . . . . .
—36
50,132
50,168
179.515
H o u s. E . A w .T e x a s c
+72.274'
615,041
687,315
2,701.864
K an. C. F t. S. A M em .
—57,481
131,398
78,917
298,343
Rio G ra n d e S o u th ern .
79,206
-4
0
,7
02
38.444
853.256
San. A n . A A r. P a s s ...
—10.8EE
def.2,284
8.566
26.150
T e x . Sab. V. A N. W.
29,523
- 6 ,7 1 3
22,810
95,625
W a co A N o rth w e s t’n
28,450,270
1893.
1894.
S
Pacific Coast—
$
9,459,997
C an a d ian P a c ific ........ 8,137,769
24,451
N e vad a C e n tra l. . . . . . .
13,217
1,816,411
O regon Im p ro v e m e n t. 1,805,859
1,111,012
R io G ra n d e W e ste rn ..
953,858
384,482
S an F ra n . A N o. P a c . .
364,909
S o u th ’n P acific Co. (6) 20,692,828 23,1*1,068
G al. H a r. A S an A n t. 51.890,278 52.169,701
5565,347
L o u isv . W e s te r n —
b451,494
M ’g an s. L a. & T e x . . 52,634,200 52,594,779
5113.660
N. Y. T e x . & M e x ... 5106,079
5933.241
T e x . & N ew O rl’s . . .
5784.796
P acific S y ste m .........614,826,555 516,726,186
U n io n P acific (11 rd s.) 14.025.581 19.187,396
U n io n P a c . R ailw ay . 66,585,710 58.505,990
O re. S b. L . & U . N or. 62,350,907 53.199,517
O reg o n R y & N a v ... 61,228,091 51,855,510
U n . P . P e n . & G u lf. 61,307.474 51,990.024
5760,866
' F t.W ’rth A D e n .O ity . 6513,664
5507,990
S t. J o s . & G. Is la n d . 6410,556
590,261
K an . P ity & O m ah a .
668,656
5247,635
5 2 11,158
C e n tra l B r a n c h .......
A tc h . Col. & P a c . .
5281,660
5192,472
A tc h . J . C .A W ....1
5417,176
M o n ta n a U n io n .......
5186,332
520.971
M an. A l. & B ir m . . . .
521,035
7,063
V isa lia & T u la r e .........
4,510

4,907,385

8,270,097 —3,302,712
1893. Inc. or Deo
1894.
$
$
$
—784,03»
3,069,270
2,285,281
571
- 4 ,7 4 0
5,311
+ 41,394
261,984
303,373
—101,853
360,961
265,108
98,697
+ 3,772
102,469
7,510,968 —1,184.430
6,326.528
5503,193
5420.791
—582,402
5257.033
5193,919
—568,714
5464,269
—552,382
5411,937
528,083
- 53,264
524,819
5433,716 —bl40.432
5287,284
54,982,849 55,818,458 —6835,609
5,624,931 —3,041,112
2,483,8)9
51,700,580 53,046.343 -61,345,76»
5619,179 51,208,194 -6 589.015
_______
5339,918 -5616,865
bdf.176,947
5361,124 —6149,557
5201,567
5170,320 —6130,738
539,582
5161,541
—668.138
593,406
-6 2 8 ,1 0 0
520,801
5def.7,299
—54,080
584,268
580,182
514,171
+62,87»
517,044
—678,04V
5102.522
524,475
bdef.0,840 bdef.10,614
+ 63.774
- 1 ,5 8 8
275
. 1,863

T o ta l (23 r o a d s )... 46,003,026 55,162,470 11,707,379 16,889,975 —5,072,690
1893. Inc. or Dec ,
1894.
1893.
1894.
®
South’n Roads—
$
e + n .9 4 »
cl00,726 def.c2,405 def.«14,-S48
A la b a m a M id la n d __
c221,223
+24,980
49,313
74,299
204,808
A tla n ta & W e s t P o in t
226,784
+782
def.vOS
17,170
527
B irm in g h . & A tla n tic .
10,900
+49»
def.773
def.274
23,510
C aro lin a M id la n d . . . . .
21,622
+37.195
9,791 def.27,404
77,497
C h ar. C inn. & C h ic .. . .
81,496
—3,074
def.3,741
82,899
def.6,815
C h ar. S u m t. A N o rth .
79,330
—11,682
11,861
48,249
179
C h era w A D arlin g to n .
40,590
—75,724
1,387,606
4,947,902
1,311,882
C h esap e ak e & O h io . . . 4,125,491
—120,090
405.751
285,601
1,161,605
C hes. O. A So’w e s te m
957,912
—3.929
310
7,115 d e f .3.619
Cin. A K en . S o u th e rn .
4.967
—64,702
389,702
335.000
1,665,351
Cin. N. O. A T e x . P ace 1,392,000
—28,996
64.000
92,995
589,726
N . O rl. & N. E a s t’n.c
467,000
-9 ,2 5 3
48,253
39.000
226,846
A la b a m a & V icksb.e
204,000
39,910
37.000
213,652
V ic k s b .S h r. A P a c .c
.206,000

THE CHRONICLE.

8U 1
TOSS.----------»

1894.

f'So u tV n Roads (C’n'd).
$
<Jol. N. & L a u r e n s .......
12,221
F la . C ent. & P e n in s ... 1,319,276

G a d s d . & A tt. U n io n ..
G e o rg ia .. .......................
G a . S o u th . & F la .......
G e o rg ’t w n & W e stern .
G u lf & C hicago............
J a c k s o n v . T. & K . W .
K a n . C. M em . & B ir ...
L o u isv . & N a s h v ille ..
L o u isv . S t. L . & T e x ..
M a c o n & B irm in g h am
M obile & O hio..............
N a s h . C hat. & St. L . . .
N e w O rlean s & S o u th .
N o rfo lk & S o u th e rn ...
N o rfo lk & W e s te rn __
O h io R iv e r.....................
P e te rs b u rg ....................
P o r t R o y al & A u g u s ..
R ic h . & D anville........c
G eo rg ia P acific....... c
C h ari. & C olum .......c
Col. & G r e e n v .........c
JEtieh. F re d . & P o t’m ac
R ic h m o n d & P e te r s b ..
S av . A m er. & M ont.. .
■Sav. F lo rid a & W est.c
S p a rta n b . U n. & C o l..
W e s te rn o f A labam a..
W . V a. C ent. & P ittsb .
W . V irginia & P ittsb .«
W rig h ts v . & T e n n ile ..

3.137
611,163
12J.832
18.391
20,135
171,096
499,277
9,218,113
195.623
36,251
1.589,191
2,251.539
18,161
231.958
1,855,178
299,281
271.587
110.790
3,535,211
737 715
283,656
246,681
38 (.841
167,998
207,955
1,361,313
61.501
213.822
136,150
117,681
36,113

1893.
$
33.611
878,719
5.121
666,715
114,691
' 23.417
19,971
187,199
517,233
10.718,711
296.396
33,730
1,686,845
2,157,356
61.045
234,153
5,076,821
373,506
293,908
117.023
3.714,987
78 (.102
277,368
227,678
122,172
185,297
282.134
1,360,709
55,175
228.991
612,295
156,259
37,216

r......1894.
$
13,589
130,676
1.684
157,085
89.600
6,701
265
212,058
59,061
3.235.975
33.871
1,323
501.122
857.586
def.1,731
73.179
1,211,131
99.931
78.686
1,890
912.536
63.103
28,131
70,133
138,038
13,141
8.050
516,785
15,249
45.981
152,320
81,410
11,282

■• ' ■■—■>
-------N et.— --18 -3. Inc. or Dec.
$
$
+11,876
1,693
+137,251
293,425
—1.410
3,099
112,387
+44,698
+28.773
60,827
—1,452
8,153
3.531
—3,266
+17.212
194,846
—10,863
69,929
—273,700
3,509,675
103,451
—69.577
—863
4,586
—7,127
511,249
—75.261
932,847
def. 2,211
+513
—9.709
83,188
—99,178
1,313,609
—2 \4 1 7
125,381
—18,973
97,659
—18,760
20,640
1,016,379
—105,843
90,020
—26,917
57,711
—29,284
57,915
+12.2S8
149,745
—11.707
—4,019
47,460
—15,802
23.852
556,840
—40,055
5.732
+9,557
+22.299
23,682
231,744
-7 9 ,1 2 1
74.517
+6,893
1,983
+9,299

T o tal-(17 r o a d s )... 38,130,100 12,256,163 11,331.298 12,196,714
—882,416
1893.
1891.
1894.
1893.
Inc. or Dec.
$
$
$
$
$
1,059,102
1,376,950
M e x ic a n C en tral . . . . . 1,293,951
1,399,646
—22,696
M ex ic an I n te r n a tio n ’l 1,062,363
1 069,283
457,719
304,170
+153,579
M ex ic an N a tio n a l....... 2,119,760
2,218,495
884.516
796,225
+ -8,321
563,171
536,211
M o n tere y & M ex .G u lf.
171,523
+31,110
143,383

Mexican Roads -

T o ta l (1 r o a d s ).......

8,039,515

7,883,091

2,893,768

G ra n d to ta l (179 r ’d s )..850,915,696 119,735,757

2,613,121

96,816,247 120,111,283 —23,595,038

w h ich th is ro a d ap p e ars.
c F ig u res a n d co m p ariso n s fo r th is ro a d s r e fo r five m o n th s e n d e d M ay 31, t h e
.J u n e r e tu r n s n o t bein g re a d y y e t.
‘ F ig u re s in c lu d e o th e r in c o m e a n d ta x e s in th e firs t q u a r t e r f o r b o th y ears,
b u t n o t f o r th e seco n d q u a rte r;

FALL RLVERyMILL DLVLDENDS.
Toe unsatisfactory condition of the cotton-manufac­
turing industry during the third quarter of 1894 finds
ample confirmation in the dividend record of the Fall
River mills for that period. The exhibit i3 rather
more favorable than had been anticipated ; it has been
made so by the action of the management of many of
th e mills in declaring dividends when they really had
not been fully earned and hence the showing is much
better than existing circumstances warranted. The
^aggregate amount paid in dividends by the thirty-four
corporations has been $260,200, or an average of 1 ’25
per cent on the capital invested, whereas in 1893 the
average dividend was 2 ‘01 per cent and in 1892 was
1 ‘92 per cent. The dividend record for the third quarter
of 1894 compared with the like period of 1893 is as fol­
lows:
1893 and 1894.
.A m e ric a n L in e n Co............
B a rn a b y M a n u f’g C o.........
B a rn a rd M a n u f’g C o .........
B o rd e r C ity M a n u f’g C o ..
B o u rn e M ills........................
"Chace M ills...........................
U o n a n ie u t M ills...................
•C ornell M ills ......... ..............
D avol M ills..........................
•Flint M ills..............................
G lo b e Y arn M ills..............
G ra n ite M ills........................
H a rg ra v e s M ill s ...............
K e r r T h re a d C o...................
K in g P h ilip M ills................
L a u re l L ak e M ills...............
M ech an ics’ M ills.................
M e rc h a n ts ’ M a n u f’g C o ...
M e ta c o m e t M an u f’g C o...
N a rra g a n s e tt M ills............
P o c a s s e t M a n u f’g Co.........
K ic h a rd B o rd en M fg. Co..
B o b eso n M ills......................
S a g a m o re M a n u f’g Co . ...
S a n fo rd S pinning C o .........
S e a c o rm e t M ills .................
S h o v e M ills...........................
S la d e M ills.............................
S ta ffo rd M ills...........
T e c u m s e h M ills...................
'T r o y Cot, & W . M fg. C o ...
’U n io n C o tto n M an ’f ’g Co.
W a m p a n o a g M ills..............
tW e e ta m o e M ills..................

$800,000
400.000
330.000

P. (7.
1
1

1,000.000 He
.3
400.000
500.000

1«
120.000 m
ne
2
1,200.000 1 *
1,000,000 n e
800.000
1,000,000 m
1,000,000
400,0(0
400.000
580.000

400.000
750.000
800.000
288,000
400.000
800.000
800,000
260,000
900.000
400.000
400.000
550.000
550.000
800.000
500.000
300.000
750.000
750.000
550.000

m
1

Hé
1
1

7,500
12,000
4,000
8,000

lie

13.500
6,000
6,000
8,250

fié

12,000
7.500
12,000
15,000
11,250

ue
ue
He.

m
4
2
Hé

$20,878,000
* O n c a p ita l o f $800,000.

+ S em i-an n u al.

15.000 —7,500
‘¿H 20.000 —8,000
2

2
2
ne
x&
2
2
3
24
1
3

2
5
3

2

*201

8,000 —4,000
16,000 —16,003
12,000 —4,000
3,900 —3,900
18,000 —4,500

8,000 —2,000
12,000 —6,000
13,750
5.500
24.000

10.000

15.000
22,500
15.000

—5,500
—5,500

—12,000
—2,500
—3,000
—7,500
—3,75 J

$391,750 —134,550

* O n o a p ita l o f $19,678,000.

Six mills have maintained the same rate of distribu­
tion as in 1893, notwithstandiug the unfavorable busi­




N in e M o n th s.
1893 and 1891.

Capital.

A m e ric a n L in e n C o............
B a rn a b y M a n u fa o ’g C o ....
B a rn a rd M a n u fa c ’g C o ....
B o rd e r C ity M an ’f ’g C o ...

$800,000
400,000
330,000
1.000.000
400.000
C hace M ills............................ 500.000
C o n a n 'o u t M i l l s ................
120,000
400,000
C o rn e ll M ills........................
400.000
580.000
F lin t M ills.............................
1,200,000
G lobe Y a m M ills..................
G ra n ite M ills .......................
1.000.000
800,000
1,000.000
K ing P h ilip M ills.................
1,000,000
L a u rel L a k e M ills................
400,000
M ech an ics’ M ills..................
750.000
800,000
M erch an ts’ M a n u fa c ’g Co.
M e ta c o m s t M a n ’f ’g C o ....
288,000
N a rra g a n s e tt M ills..............
400,000
600,000
P o c a s s e t M a n u f a c t’g C o .. 800,000
R ic h a rd B o rd e n M ’f ’g Co.
800,000
260,000
S ag am............
o re M fg. C900,000
o.
S a n fo rd S p in n in g C o .........
400,000
S e a o o n n e t M ill s ................
400,000
550,000
S h o v e M ills ......... ............
S lad e M ills ..........................
550,000
S tafford M ills........................
800.000
T e c u m s e h M ills ..................
500,000
T ro y Cot. & W. M fg. C o ....
300,000
U nion C o tto n M’f ’g C o ....
750.000
750.000
W a m p a n o a g M ills..............
550.000
W e e ta m o e M ills..................
T o ta ls ....................... ...... $21,478,000
* O n c a p ita l o f $300,000.

Dividends 1894. Dividends 1893. Increase
P. C. Amount. P . C. Amount. Decrease
4

Hé

1
54
9

H
é
3
44
6

Hé
Hé

44

$32.000
6,000
13.200
55.000
39,000
22,500
3,600
18,000
18,000
34,800
51.000
42,000
36,000

44
44
3
44

45.000
18.000
22,500
30,000

4
4
3
34

ie.òoó
24.000
24.000
28,000

44
3
44
5
14
54
44
13
7
44

40,500
12,000
18.000
27.500
8.250
44,000
22,500
39,000
52.500
83,750

4-11

0
64
6
9
9
74
6
3

h

6
*74

S*
0

l*

6
4
5
54

S*
2

0
7
4
0
6
15
0
54
2

$48,000
26.000
10,800
90.000
36,000
37.500
7,200
12,000
18,000
34,800
72.000
60.000
36.000
30.000
• 15,000
24.000
45.000
60,000
8,040
24,000
24.000
40.000
41.000
11,700
72.000
8,000
30,000
38.500
22.000
72,000
30,000
45,000
67,500
41,250
11,000

—10,000
—20,000
—6,600
—35,000
—15,000
—3,000
+6,000
—18.000
—18,000
—30,000
—6,000
—22,500
—24,000
—8,640
—8,000
—16,000
—16,000
—11,700
—31.500
+4,000
—18,000
—11,000
—13,750
—28.000
—7,500
—6.000
—15.000
—7,500
—11,000

$882,600 +8-10 $1,296,890 —414,290

+ O n c a p ita l o f $21,278,000.

For the purpose of showing the relation this year's
dividends bear to those for a series of years, we have
prepared the following, which embraces thirteen of the
leading corporations. The intention is to compare this
year's ratio for the nine months with the average rate
per cent for the corresponding period in the previous
seven years :

First 9 mos. of— 1 8 9 4 .1893. 1892. 1891. 1890. 1889. 1838.
Increase American Linen. 4
6
4
1
3
9
or
6
6
6
6
9
Amov/nt. P. C. Amount. Decrease Border C it y ...... fUj 9
Globe Y a r n ...... 4 4
6
6
6
6
6
6
6
$8,000
+3,000
10,000 —10.000 G ranite................ 4 4 7 4 11 10 14 18 16
24
3,300
2
6,600 —3,300 King P h ilip ......
473 4*2
442 4*2 4 4
4*2
44a
15.0 10 3
30.000 —15,000
12,000
3
12.000
L a u re l................. 4 4 6
44
4
7
9
54
7,500
12,500
—5,000
«lé
7*$
5
44a 6
8
54
1,800
2
2,400
-6 3 0 Merchants’........... 4 4
0,004
6,000
N a rra g a n sett....
4
6
3
3
44a 6
6
Hé
6,000
6,000
Hé
Richard Borden.
34 54
4
3
44
6
44
11,600
2
11,600
18,000
2
24.000 —
6,000 Sagam ore............ 4*3 8
5 >3 3
5
7 4 10
15.000 *aie
20.000 —5,003
Stafford................ 5 4
9
5
3»«
6
5
9
12,000
12,000
Hé
U n io n .............
7
9
9
9
10
12
15
15,000
15.000
uè
6,000
8,000 —2,000 W am panoag....... 4*3 5 4 3 4 1
7
13
8
2

Dividends 1894. Dividends 1393.
Capital.

ness conditions, and in one of them, the King Philip,
a considerable portion of the machinery has been idle
during the period covered. A number of other mills
have been working on short time. This, taken in con­
nection with the fact that there ha3 been an important
shrinkage in the value of many descriptions of goods,
gives force to the statement that dividends, to a mate­
rial extent, have been paid out of surplus funds. Sev­
eral mills have passed their dividends.
Combining the foregoing results with those for the halfyear (published in the Chronicle of May 19, page
845) we have the following exhibit for the nine months.
Extended comment on these figures is hardly neces­
sary, it being sufficient to say that thirty-five corporations
distributed in dividends in the nine months of the
present year $882,600, or an average of 4T1 per cent,
against $1,296,890 or 6 TO per cent in the like period
of 1893, and $972,980 or 4 ‘94 per cent in 1892.

+250,841

a This is roughly one-half of earnings for full year 1893, and on it we have
based the changes for the present year.
b N o t c o u n te d in fo o tin g s, b e c a u se in c lu d e d in e a rn in g s o f t h e s y ste m u n d e r

Third Quarter

[Yol, L1X,

Av’ffe
1887. l y r s
10
7
9
7H
6
13
1223
44
44
44
5«3
54
6
4 4 457
44
4*7
.8

9
16
9

6&7

635
1137

6S7

The foregoing shows that in only one instance— the
King Philip—has the rate of distribution in the nine
months of 1894 been up to the average for the same
period in the seven years preceding, and that is due
solely to the fact that it has been the policy of the
management of that mill to steadily adhere to the 1^per cent dividend each quarter, without regard to any
changes in the profitableness of the business. Kow
that tariff legislation ha3 been completed the outlook
for the future is considered to be better than for some
time past, but at present affairs are in an uncertain
state, owing to the threatened general shut-down,
j

A ugu st 25, 1894.]

THE CHRONICLE.

NATIONAL BANKS—RESERVE CITIES.
The abstracts of condition of national banks presented to-day
complete the returns for the twenty-four reserve cities under
the Comptroller’s call of July 18, the results for the other re­
serve cities having been given in our issues of August 4 and
August 11. The subjoined statement compiled by us from the
Comptroller’s returns gives the gold holdings, loans and dis­
counts and individuals deposits at the date of the last call—
July 18, 1894—for each of the cities whose complete abstracts
are presented further on in the article. The results for about
the corresponding date in each of the two preceding years
are also appended for purposes of comparison.
Cleveland Nat. Banks—
J u ly 18, 94.
Gold holdings................. $1,680,142
Loans and d isco u n ts... 23,597,802
Individual d e p o sits.... 20,324,185
K ansas City Nat. B a n k s Gold holdings................. $1,394,055
Loans and d isco u n ts... 14,295,455
Individual d e p o sits.... 8,617,356
Milwaukee Nat. B a n k s Gold h o ld in g s ............... $2,151,585
Loans and d isco u n ts... 12,953,455
Individual d e p o sits.... 15,526,015
Omaha Nat. Banks—
Gold h oldings..............
$1,538,867
Loans and d isco u n ts... 9,578,399
Individual deposits___ 8,111,188
Minneapolis Nat. B a n k s Gold holdings........ .
$1,146,760
Loans and d isco u n ts... 10,644,504
Individual d e p o sits.... 7,788,867
Louisville Nat. B a n k s $484,865
Gold h o ld in g s ..............
Loans and d isco u n ts... 8,110,285
Individual deposits___ 4,153,948
San Francisco Nat. B a n k s Gold holdings.................. $1,971,810
Loans and d iscou n ts... 6,406,862
Individual d e p o sits.... 4,590,720
St. Joseph Nat. B a n k s Gold hold ings................
$220,955
Loans and d isco u n ts... 3,385,563
Individual deposits___ 2,981,157
Des Moines Nat. B a n k s Gold holdings ..............
$138,205
Loans and d isco u n ts... 2,287,962
Individual d e p o s its .... 1,322,270

Ju ly 12, ’93.
$1,396,943
26,419,893
16,440,965

J u ly 12, ’92.
$1,257,397
22,483,225
20,094,573

$578,095
15,987,380
8,312,352

$1,433,995
17,422,198
10.118.941

$1,020,760
7,615,256
6,463,030

$331,310
5,886.813
6,365,437

Moreover their gold holdings reach $143,833,391, which w ill
probably be found to be when the complete return is made up
fully two-thirds of the amount of that metal reported by the
national banks of the whole country. Notwithstanding th e
number of financial institutions that were forced to the wall
during the panic and succeeding period of depression, th e
aggregate number of national banks in the country is greater
now than on July 13, 1893, although in these reserve cities
there has been a net loss of one.
The condensed abstracts for July 18, 1894, for the nine
cities mentioned above are now presented, comparison being
made with May 4, 1894—the date of the last previous call,
and with the corresponding call in 1893 (July 13).
Cleveland national banks have increased their volume of loans
slightly since May 4 and also their individual deposits, but their
gold holdings have decreased to a small extent. Compared
with July 13, 1893, however, there is an appreciable increase
in deposits and gold holdings but a marked decline in loans..
The July, 1894, results nevertheless show improvement in
each instance over 1893.
July 18,

CLEVELAND.

1S91.
11

N u m b e r............... ...................................................

$1,154,118
10,181,716
8,058,302

$2,211,691
11,822,974
10.197.942

$795,650
13,141,169
7,859,183

$736,313
12,802,396
9,133,616

$224,107
10,691,769
4,335,692

$521,128
11,768,794
5,523,333

$855,610
5,940,215
3,556,459

$961,345
6,200.801
3,492,730

$252,230
5,019,083
3,239,660

$218,362
5,532,683
3,503,646

$96,023
2,314,847
1,256,918

$186,755
2,519,041
1,582,177

The foregoing indicates that four of the cities, viz.: Cleveland, Milwaukee, Minneapolis and San Francisco, held on
July 18, 1894, a greater amount of gold than at the corres­
ponding time in either 1898 or 1893 and that at Milwaukee
and San Francisco the increase is very noteworthy. The lat­
ter two cities alone show any augmentation in loans ; at some
of the other points there is quite a noticeable falling off. De­
posits as a rule are much heavier than at the same date in
1893 and in some instances show a marked gain over 1893. It
is well to state in passing that in Considering the Louisville
return sight should not be lost of the fact that this year’s fig­
ures cover only seven banks whereas in the earlier years the
number was ten. .
In the foregoing we have referred only to the cities whose
statements we present this.week. It will be useful to have
the results for the reserve cities as a whole, and for that
reason we have prepared the following which includes, in
addition to the items given above, the aggregate capital and
number of banks.
Total 24 cities.
J u ly 18, ’94.
J u ly 12, ’93.
J u ly 12, ’92.
344
348
345
Number of banks................
Capital. ..................................$242,036,760 $245,740,260 $245,235,760
Gold h old ings........................ 142,822,291
95,304,053 140,097,873
Loans and discounts........... 954,903,402 912,281,796 1,022,201,571
Individual deposits.............. 834,244,155 701,845,007
819,372,988

Here we see that although both the number and capital of
the banks in these reserve cities are less than m either of the
two preceding years, the gold holdings are forty-seven and
a-half millions greater than on July 13, 1893 (in the midst of
the panic) and show a gain of nearly three millions compared
with July, 1893, when business was in its normal state. Loans
exhibit a considerable augmentation over a year ago, but are
naturally less than in 1893. Individual deposits are, however,
much heavier than last year and also record an increase over
two years ago. It deserves to be mentioned that New York
City is largely responsible for some of the changes noted.
Deducting from the totals for the twenty-four cities the results
for this city, the gold holdings would exhibit a loss from 1893 of
three and a-half millions, although recording a gain over 1893
of twenty-three millions, and there would be a decrease from
1893 in individual deposits of twenty-two millions.
These twenty-four cities while embracing less than onetenth of all the national banks jn the country represent nearly
thirty-six per cent of the aggregate capital and usually about
fifty per cent of loans and the same proportion of dsposite,




315

Resources.

May 4,
1894.
11

L o a n s a n d d isco u n ts, in c lu d in g o v e rd ra fts $23,597,802 $23,428,074
S tocks, b o n d s, & e................. ........................
2,509,2; 5
2,850,841
D u e fro m r e s e r v e a g e n ts .................................
5.109,479
4,445.166
D u e fro m b a n k s a n d b a n k e r s ....... . ...... ........
2,670,484
2,360.380
B a n k in g h o u se, f u r n itu r e a n d f ix tu re s .......
609,000
509,000
O th e r r e a l e s ta te a n d m o rtg a g e s o w n e d ...,
231,8-10
141,830
G old co in a n d c e rtific a te s ............................... .
1,680,142
1,703,035
S ilv e r co in a n d c e rtific a te s .............................
211,859
183,435
L e g al te n d e r n o te s a n d c e rts , o f d e p o s it...
1,112,000
4299,000
B ills o f o th e r b a n k s .......... ................................
100,301
170,629
E x c h a n g e s f o r C le a rin g -H o u s e .....................
219,041
180,726
P re m iu m s o n U . S. b o n d s .................................
84.880
84,881
O th e r re s o u rc e s ................. ................... ....... . . .
139,382
129,623
T o ta l..................................................................
Liabilities.

$38,175,425

1893.
11

$26,419,895
1,270.839
2,283,527
1,966,362
511,5*4
60,8184396,943
192,549
848,212
143,338
308,825
11,000
153,116

$36,986,520

$35,566,966

$9,050,000
2,475,782
1,069,500
1.239
20,324185
62,537
4267,182
925,000

$9,050,000
2,504,759
1,132,220
29,628
19,452,352
60.791
3,829,136
927,634

$9,050,000
2,499,832
817,550
. 2,748
16,440,965
62,622
2,579,474
4,113,775-

$38,175,425

$36,986,520

$35,566,966

C ap ital s to c k p a id i n .........................................
S urp. a n d u n d iv . p rofits, le ss ex p . a n d ta x e s >
C irc u latio n o u ts ta n d in g ..................................
D iv id e n d s u n p a id .................................... .........
I n d iv id u a l d e p o s its ............... .......................
O th e r d e p o s its .....................................................
D u e to b a n k s a n d b a n k e rs ,..............................
O th e r lia b ilitie s ..... ........................................
T o tal,

July 12,

The banks of Kansas City have gained a little more than
one hundred thousand dollars in gold since May 4, but the
year’s increase reaches $815,960, or over 140 per cent, the
holdings having fallen to a very low level in 1893. Compared
with 1893, however, there is a loss of nearly forty thousand
dollars.
July 18,
May 4
K A N S A S C IT Y .
1894.
1894.
N u m b e r . . . . . . . . .......... , . . . . . . . . . . . . . . . . . . . . .
9
9
Resources—
L oans a n d d isco u n ts, in c lu d in g o v e r d r a f ts . $14,295,455 $14,761,238
3tocks, bon d s, &e......... ....................................
1,732,474
1,825,4M
D ue fro m re s e rv e a g e n ts ......... .......................
2,980,868
3,457,281
Due fro m b an k s a n d b a n k e rs ..........................
1,114,991
1,544,972
B anking h o u se, fu r n itu r e a n d fix tu re s .......
192,045
298,995
O th e r re a l e s ta te a n d m o rtg ag es o w n e d .. . .
822,563
352,604
G eld coin a n d c e rtific a te s ................................
1,394,055
1,285,5CS
S ilver coin a n d c e rtific a te s............. .............
373,763
336,206
Legal te n d e r n o te s a n d c e rts , o f d e p o s it...
4*21,893
931,264
Bills o f o th e r b an k s ....... ..................................
288,058
219,054
E x c h an g es f o r C learing H o u s e . . . . . ............
450,464
377,214
P rem iu m s o n U . S. b o n d s .........................
49,500
57,000
O th e r re s o u r c e s ,..................................................
107,193
68,471

July 12,
1893.
9

$15,987,380'
1,972,987
1,152,547
3,442,652397,903
349.938
678,095
167,974
795,037
232,292
249,774
58,500
86,073-

T o ta l................................................ .............. ; $24,551,322 $25,615,237 $23,488,152
Liabilities—
C apital sto ck p aid i n ......................................... $4,870,000
$5,800,000
$6,550,000
3 u rp .& u n d iv . p rofits, le ss ex p s. a n d ta x e s .
647,768
629,1-50
889,041
C ircu latio n o u ts ta n d in g ..... .................... .-...
405,0d0
405.000
405,000"
D iv id en d s u n p a id ................................................
147
150
28,080
In d iv id u al d e p o s its .............................................
8,6J 7,356
8,329,74 )
8,312.352
O th e r d e p o s its .....................................................
104,359
107,304
98,593
D ue to b a n k s a n d b a n k e rs ...............................
9,746,692
10,033.863
5,22-4,764
i/ tb e r lia b ilitie s ..................................................
230,000
180.000
1,958,822
T o ta l...........

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

$24,551,322

$25,515,237

$-3,488,152

The Milwaukee banks make a very favorable showing, even.
after allowing for the fact that there are now, and have been
since the beginning of 1893, five institutions in that city,
whereas in 1893 the banks numbered only three. The gain in
gold since the date of the May report approximates only
twenty-five thousand dollars, but compared with July 12y
1893, the excess is $1,130,835, while the gain over 1893 reaches$1,330,375. Loans have increased only slightly in the past
thcjee months, but are over five million dollars greater than a
year ago and seven millions in excess of July 13,1893. In­
dividual deposits show a gain of more than nine millions, o r
almost one hundred and fifty per cent over either 1893 or 1893.
M IL W A U K E E .
Num ber.....¡..,....1...... ..................
Resources—

July 18,
...

1894.
• 5

May 4,
1894.
5

L oan« a n d d isco u n ts, in c lu d in g o v e r d r a f ts . $12,953,455 $12,691,861
S tocks, b o n d s, & e................; ......... ..................
1,302,100
1,265,440
D u e fro m re s e rv e a g e n ts ...................................
3,361,507
3,890,969
D u e fro m b a n k s a n d b a n k e rs ..................... : . .
2.236,674
2,314,612
B an k in g h o u se, f u r n itu r e a n d f ix tu r e s .......
151,783
. 153,283
o t h e r r e a l e s ta te a n d m o rtg ag es o w n e d ....
G old co in a n d c =r t i f l c a t e s ................. ......... ..
2,151', 585
2,126,425
S ilv er co in a n d c e rtific a te s ........ . . . . . . . . . .
134,880
164,034
L e g al te n d e r n o te s a n d c e rts , o f d e p o s it. '..
741,798
492,963
B ills o f o th e r b a n k s ..................... .................... .
96,669
43,687
E x c h a n g e s f o r C learin g H o u se .................. .
220,410
872,439
P re m iu m s o h U. 3. b o n d s ................................
47,081
51,571
O th e r r e s o u je e s i ........................... v, . . . . . . . ,
59,487
46,o;o
T o tal,

$23,397,729

$23,613,354

July 12,
1893.
5

$7,615,256
1,249,363
1,023,349
441,940
104,283.
19,433
1,020,7.60*
154,557
453,90668,546
180,Q U
43,580
83,986
$12,408,878-

THE OHROXICLE.

M I L W A U K E E .- (Concluded.)
Liabilities—
Capital stock paid in ...................................
Burp. &undiv. profits, less exps.and taxes.
Circulation outstanding..............
Individual deposits.....................................
Other deposits.............................................
Due to banks and hankers ..................
Other liabilities............................................
Total.......................

July 18,
1894.

May 4,
1894.

July 12,
1893.

13,150,000
$3,150,000 $2,150,000
490,527 .. 485,107
886,962
SA N F R A N C IS C O .
402(800
405,000
404,250
15,526,015
15,894,972 6,463,030 N u m b e r..................................................................
Resources—
829,894
334,754
331,017
8,498,493
3,348,461 1,818,916 L o a n s a n d d is c o u n ts, in c lu d in g o v e rd ra fts
.... ...
...........
355,798 S tocks, b o n d s, A c...............................................
D u e fro m r e s e r v e a g e n ts ...................... .........
$28,397,729 $23,613,354 $12,408,973 D u e fro m b a n k s a n d b a n k e r s ........................

f

$20,422,964

$19,996,002

$17,742,145

The banks of Minneapolis hold now a greater amount of
gold than in either 1898 or 1892 at this date, but have lost
5$36,812 of the metal sinee May 4. Their loans show a small
decrease since the date of the last call, and are two and a half
millions and two millions respectively less than in July of
1893 and 1892. Individual deposits exhibit a gain over May,
1894, but fall below July, 1893, by $70,321. The loss iu this
item from 1892 reaches $1,344,749.
July 18,

May 4,

July 12,

88

8

7

1894.

M IN N E A P O L IS .
©lumber..............................................................
...............
Loans and discounts, including overdrafts.
Stocks, bonds, Ac...................
D ue from reserve agents.................................
D ue from banks and bankers.........................
B ank’g house, furniture and fixtures..........
Other real estate and mortgages ow ned....
©old coin and certificates...............................
S ilver coin and certificates.............................
Legal tender notes and cert’fs of deposit...
Bills of other banks..........................
Exchanges for Clearing H ouse.......... ..........
Premiums on U. S. bonds.........................
Other resources...............................
Total............................................

Total»........... ...........................................

1894.

1893.

$10,644,504 $10,682,351 $13,141,169
1,168,021
1,237,803
850,921
1,147,655
1,475,616
729,*3')
894,330
945,524
660,833
189,710
189,710
188,240
607,777
555,858
278,629
1,146,760
1,183,672
795,650
64,088
89,104
94,728
808,592
228,531
592,770
137,014
48,896
72,866
216,223
454,633
414,913
31,345
31,658
26,i25
73,473
75,016
48,161
$17,129,487

Liabilities—

Capital stock paid in.........................................
Surp. & undiv. profits, less exp. & ta x e s...
Circulation outstanding................................
Dividends unpaid.............................................
fcdlvidualldepostts..........................................
Other deposits..................................................
D ;ie to banks and bankers .............................
Other liabilities.......... ....................................

$17,198,272 $17,894,835

$5,700,000
$5,700,000
863,631 1,074,441
349,027
808,247
4,132
2,834
7,783,867
7,273,499
49,218
48,611
2,374,609
2,570,717
........ .
219,923
$17,129,487

$5,450,000
i , 371,188
313,995
47,843
7,859.188
40.883
1,388,810
1,423,428

$17,193,272 $17,894,835

‘N o t w it h s t a n d in g t h e f a c t t h a t s in c e t h e d a t e o f t h e M a y c a l l
t h e n u m b e r o f n a t io n a l b a n k s i n L o u i s v i l l e h a s d e c r e a s e d f r o m
t e n t o s e v e n , t h e r e h a v e b e e n n o r a d ic a l c h a n g e s i n t h e v a r io u
i t e m s o f r e s o u r c e s a n d lia b it it ie s . O f c o u r s e o a p it a l a n d s u r
p l u s a r e l e s s a n d s o l i k e w i s e a r e lo a n s . G o ld h o ld in g s o n t h e
o t h e r h a n d h a v e r is e n $ 3 9 ,0 7 0 .

two banks hare increased 1,116,300 during the year, or over
130 per cent.

,

O m a h a n a tio n a l b a n k s h a v e a p p r e c ia b ly in c r e a s e d th e ir sto c k
o f g o ld sin c e J u ly , 1893, a n d h a v e m a d e a s m a ll g a in in th e
V o lu m e o f d ep o sits, b u t lo a n s h a v e d e c r e a se d , In 1892, h o w ­
e v e r , t h e b a n k s h e ld $672,824 m o r e g o ld th a n a t t h e p resen t
ta m e, th e ir lo a n s w e r e t w o a n d a q u a rte r m illio n s g r e a te r , a n d
in d iv id u a l d ep o sits e x c e e d e d th o s e o f J u ly , 1894, b y $2,086,754.
July 18,
May 4,
July 12,
1894.
1893.
1894.
'OM AHA.
9
8
9
Number.....................................................
Xoens and discounts,includ. overdrafts.. $9,578,389
. .
$9,217,858 $10,18',716
1,734,059
1.422,767
1,888,127
Stocks, bonds, &c.......................................
1,838,127
3,122,741
3,386.931
1,236,757
-Due from reserve agents..........................
1,212,074
1,065,919
991,578
Due from banks and bankers....................
835,885
827,769
Banking house, furniture and fixtures....
835,885
308,782
196,438
296,255
Other real estate and mortgages owned..
1,383,272
1,154.118
Ck>ld coin and certificates........................
1,538,867
181,889
806,840
220,712
liver coin and certificates........................
812,293
592,506
814.248
legal tender notes and certif’s of deposit.
114,122
195,576
Dills of other banks........................... .
178,107
384,612
291,646
489,094
Exchanges for Clearing-House.......... .
123,047
134,047
Premiums on United States bonds...........
119,797
416,792
188,718
Other resources..........................................
241,028
Total................................. .................... $20,422,964 $19,996,002 $17,742,145
Liabilities—
$3,950,000
$4,150,000
Capital stock paid in.................................. $4,150,000
585,238
485,671
506,445
¡Burp. & undiv. profits, less exp. & taxes.
634,145
656,995
666,995
Circulation outstanding............. .........
Dividends unpaid.....................................
2,214
144
1,780
8,058,302
8,194,889
Individual deposits..................................
8,111,188
378,625
449,774
Other deposits..........................................
455,252
5,993,524
3,495,253
6,513,644
Hue to banks and hankers......... .
638,802
48,000
44,231
Outer liabilities........................... .........

C o n tr a s te d w i t h

(TOI. LIX

B a n k in g h o u se , f u r n it u r e a n d fix tu re s .......
O th e r r e a l e s ta te a n d m o rtg a g e s o w n e d ...
G old co in a n d c e rtific a te s ................................
S ilv e r co in a n d c e rtific a te s .............................
L e g al te n d e r n o te s a n d c e rts , o f d e p o s it...
B ills o f o th e r b a n k s ...........................................
E x c h a n g e s f o r C le a rin g -H o u s e .....................
P re m iu m s o n U. S. b o n d s .................................
O th e r re s o u rc e s ............ .......................I .............
T o ta l......................

Liabilities—

C ap ital sto c k p a id i n .........................................
S u rp . a n d u n d iv . p rofits, le ss ex p . a n d ta x e s
C irc u la tio n o u ts ta n d in g ................................
D iv id e n d s u n p a id ................................................
I n d iv id u a l d e p o sits............................................
O th e r d e p o s its ............................,
D u e t o b a n k s a n d b a n k e rs .......
O th e r lia b ilitie s ...........................
T o ta l...................................................

J uly 18,

May 4,

July i2 ,

$6,406,862
438,729
54,926
483,321
346,905
11,970
1,971,810
52,197
140,609
16,160
141,437
64,263
5,885

$6,611,790
420,500
390.838
258,773
346,905

$5,940,215
220,500
16,594
609,562
346,401

1,831,285
63,4*3
44,535
16,970
119,123
61,848
7,553

855,610
39,350
171,637
8,782
102,572
22.500
4,717

$10,085,074

$10,172,563

$8,338,490

$2,500,000
$2,600,000
1,344,960
* " " Bm
45,000
5,645
4,590,720
111,579
1,487,170

$2,500,000
1, *03,969
45,000
4,117,992
114.066
1,991,536

$2,500,000
1,265,949
90,000
17.905
3,556,459
104,915
808,262

$10,085,074

$10,172,563

$8,338,490

1894.
2

1894.
2

18©3.
2

The supply of gold held by St. Joseph banks is quite small
—only $330,955 —and it has decreased somewhat within the
past two and a-half months. There are only three banks in
St. Joseph at present against four in 1893 and 1893.
ST. JO SE P H .
N u m b er.................................................................
Resources—
L oans a n d disco u n ts, in c lu d in g o v e rd ra fts
Stocks, b onds, A c...............................................
D ue fro m re s e rv e a g e n ts ................................
D ue fro m b a n k s a n d b a n k e rs ........................
B an k in g h o u se, f u r n itu r e an d f ix tu r e s . . . .
O th e r re a l e s ta te a n d m o rtg a g e s o w n e d ..
G old coin a n d ce rtific ate s........... ....................
S tiver co in a n d c e rtif ic a te s ............................
L egal te n d e r n o te s a n d c ertifl. o f d ep o sit..
Bills o f o th e r b a n k s .........................................
E x ch an g es f o r C le arin g -H o u se.. .''...............
P rem iu m s o n U n ite d S ta te s b o n d s............
O th e r r e s o u r c e s ........................................

July 18,
1894.
3

»■*&!
00»

316

3

July 12.
1893.
4

$3,385,563
305.706
1,742,228
723.130
91,306
80
220,955
167,774
305,$48
47,684
39,830
4,500
52,323

$4,038,405
284,534
1,153,907
907,710
88,056
224,735
122,110
203,632
21,989
124,525
4,500
68,202

$5,019,083
480,359
518,370
449,875
120,850
41,096
252,230
92,278
261,479
17,714
54,924
10,500
57,556

T o ta l................................................................
Liabilities—
c a p ita l s to c k p aid i n .........................................
Surp. & n n d iv . pro fits, le ss ex p . A t a x e s . ..
C irc u latio n o u ts ta n d in g ..................................
D ividends u n p a id ........................... ......... .
In d iv id u a l d ep o sits...........................................
O th e r d e p o s i t s ............ .....................................
Hue to b a n k s a n d b a n k e rs .............................
N o te s a n d b ills p a y a b le ...................................

$7,091,927

$7,242,205

$7,376,814

$1,600,000
158,406
178,650

$1,600,000
167,180
178,650

$2,000,000
266,904
225,000

2,981,157
49,007
2,124,707

3,011,444
49,331
2,235,600

3,239,660
44,951
1,620,199
79,600

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

$7,091,927

$7,242,205

*7,376,314

The changes in the various items in the statement of the
banks of Des Moines have not been heavy either way since the
last previous call. In July, 1893, gold holdings were much
less.
D E S M O INES.
N u m b e r..................................................................
Resources—
L o a n s a n d d isc o u n ts, in c lu d in g o v e r d r a f ts
S to ck s, b o n d s A c..................................................
D u e fro m r e s e r v e a g e n ts .................................
D u e fro m b an k s a n d b a n k e r s ..........................
B an k in g h o u s e , f u r n it u r e a n d f ix tu r e s —
O th e r r e a l e s ta te a n d m o rtg a g e s o w n e d ...
G old coin a n d c e r tif ic a te s ...............................
S ilv e r co in a n d ce rtific a te s ............................
L e g a l te n d e r n o te s a n d c e rts , o f d e p o s it..
B ills o f o th e r b a n k s ..................... ...................
E x c h a n g e s f o r C learin g H o u s e .....................
P re m iu m s o n U . S. b o n d s .......................... .
O th e r re s o u r c e s ...................................................

July 18,
1894.
4

May 4,
1894.
4

July 12,
1893.
4

$2,287,962 $2,149,244
561,179
544,678
580,774
474,300
297,264
807,192
135.236
186,175
125,310
116,813
109,360
138,205
44,940
37,013
207,193
287.237
80,606
50,422
64,895
41,746
14,500
14,500
22,220
25,395

$2,314,847
293,285
222,783
125,782
125,235
111,842
96,023
39,228
181,233
29,725
62,447
9,000
16,709

T o ta l..................................................................
Liabilities—
C ap ital sto c k p a id in ..........................................
S u rp . & u n d iv . p ro fits, le ss ex p . A t a x e s . . . .
C irc u la tio n o u ts ta n d in g ..................................
D iv id en d « u n p a id ................................................
In d iv id u a l d e p o s its ........................................... .
O th e r d e p o s its .....................................................
D u e to b a n k s a n d h a n k e rs ...............................
O th e r lia b ilitie s ....................................................

$4,376,988

$4,567,371

$3,628,139

$800,000
287,119
198,390
3,913
1,322,270

$800,000
343,245
196,330
1,255
1,376,972

$700,000
456.425
135,000
13,376
1,256,918

1,765,296

1,849,589

840,420
226,000

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

$4,376,988

$4,567,371

$3,623,139

J u l y , 1893*

h o w e v e r , t h e r e is a m a r k e d d e c l i n e i n t h e v o l u m e o f lo a n s a n d
% s m a l l lo s s i n d e p o s it s , b u t a n a p p e c ia b le g a i n i n g o ld .

The

1 8 9 3 t o t a ls w e r e g r e a t e r in e a c h in s t a n c e t h a n a t p r e s e n t .
L O U IS V IL L E .
N um b er............................ .............................

Resources—

July 18,
1894.
7

May 4,
1894.
10

July 12,
1893.
10

L oans and discounts, includ’g overdrafts.
'Stocks, bonds, &c ............................................
D u e from reserve agents...........................
D u e from banks and bankers.
............
Banking house, furniture and fixtures......
Other real esta' e and mortgages owned. .
© old coin and certificates...............................
Silver coin and certificates..................... .
L egal tender notes and certif’s o f deposit
Bills o f otner banks.........................................
Exchanges for Clearing H ouse....... ..........
Premium on U . 8. bonds................................
O ther resources...............................................

$8,110,285 $8,541,143 $10,691,769
1,611,425
1,984,874
1,215,793
1,175,333
1,115,174
464,395
618,130
473,770
716,909
270,438
324,961
204,359
46,555
134,407
106,063
484,865
445,795
224,107
35,574
61,814
71,185
763,758
800,640
811,981
72,786
65,965
63,228
48,009
47,053
47,668
79,735
96,985
89,000
52,279
65,033
62,664

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

$13,192,579 $14,100,527 $14,882,802

Liabilities —

Oapital stock paid in .. ..................................
Surp. and undiv. profits, less exp. &taxes.
Circulation outstanding.................................
Dividends unpaid........... ................................
Individual deposits.........................................
O ther deposits............................................. . .
D ue to hanks and bankers.............................
O ther liab ilities.. . ;....................... .......... .
T o t a l . . . ; . . . . . . . . . : . . . ; . . . . . . . . ...........

$3,601,500

$4,401,500
1,160,139
865,459
871,450
779,400
6,901
13,761
4,404,144
4,153,948
497,992
600,029
3,177,379 , 2,787,504:
12,000
110,000

$4,901,500
1,291,080
449,940
20,732
4,335,692
330,000
2,446,533
1,107,325

$13,192,579 $14,100,527 $14,882,802

T h e r e a r e b u t t w o n a t i o n a l b a n k s i n S a n F r a n c is c o , w i t h a n
a g g r e g a t e c a p it a l o f $ 3 ,5 0 0 ,0 0 0 .




T h e g o ld h o ld in g s o f t h e s e

IMPORTS AND EXPORTS OF GOLD AND
SILVER A T S A N FRAN CISCO.
Vie have received this week from the Collector of Customs
at San Francisco the details of imports and exports of gold
and silver through that port for the month of July, and
they are given below, together with the figures for the pre­
ceding months, thus completing the figures for the seven
months of the calendar year 1894. Imports were less in July
than in June, the amount of gold received reaching $48,376,
of which $6,133 was in coin; and of silver there came in $144,657, of which $96,701 was bullion. There has been received
during the seven months a total of $503,599 gold and $1,371,918
silver, which compares with $353,813 gold and $1,304,465 sil­
ver in 1893. The shipments of gold during July were $61,335,
all coin, and the exports of silver have been $417,601 coin and
$583,070 bullion For the twelve months the exports of gold
have been $513,037 against $578,417 in 1893 and $6,508,377 sil­
ver has been sent out, against $5,371,330 in 1893. The exhibit
for July and the seven months is as follows :

A ug ust

THE CHRONICLE.

25, 1894.J

IMPORTS OF GOLD AND SILVER AT SAN FRANCISCO.
GOLD.
MONTHS.

Coin.

SILVER.

Bullion

Total.

Coin.

24,323
258,377
16,559
9,985
27,148
28,434
42,243

$
33,190
265,135
30,549
50,690
34,689
39,970
48,376

159,558
34,842
20,060
35,121
153,205
116,263
47,956

$
112,767
148,998
79,601
61,047
116,562
89,237
96,701

95,530 407,069

502,599

567,005

704,913 1,271,918

1894.
January...
February..
March.......
A pril. . . . . .

$
8,867
6,758
13,990
40,705
7,541
11,536
6,133

T’l. 7 mos.

$

Bullion.

$

Total.
$
272,325
183,840
99,661
96,168
269,707
205,500
144,657

EXPORTS OF GOLD AND SILVER FROM SAN FRANCISCO.
GOLD.

MONTH .

1894.
January. .
February.-.
March.......
A pril........

T’l. 7 mos.

SILVER.

Coin.

B u ll’n

Total.

Coin.

B ullion.

$

$

$

$

$

137,377
92,670
123,177
62,165
16,278
19,135
61,235
512,037

Total.

391,400
413.600
477.600
573,496
455 758
989,000
583,070

$
829,244
784,854
707,077
900,674
901,055
1,384,702
1,000,671

512,037| 2,624,353) 3,883,924

6.508,277

137,377
92,670
123,177
62,165
16,278
19,135
61,235

437,844
371,254
229,477
327,178
445,297
395.702
417,601

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

subjoined statement includes the transactions of the Stock
Exchange Clearing-House from Aug. 13 down to and includ­
ing Friday, Aug. 24 ; also the aggregates for January to July,
inclusive, 1894 and 1893.
STOCK EXCHANGE CLEARING HOUSE TRANSACTIONS.

month—

.—Shares, both sides.—, --------Balances, one side.------ «P arlies
Cleared. Total Value, Shares. Value Shares. Oash.Olear ng

Jan ., 1893.
Feb., 1893.
M ar., 1893.
Apr., 1803.
May, 1893.
J une,1893.
J u ly , 1893.

28.544.500
25.108.900
24,591,100
20.802.500
28.209.500
17.190.700
19.685.700

7 m o s ....
Jan ., 1894.
F e b .,1894.
Mar., 1894.
Apr., 1894.
May, 1894.
June.1894.
Ju ly , 1892.

164.132.900 10.776.209.000
18.363.000 1.088.600.000
12,847,600
784.800.000
16.912.900 1.076.441.000
14.728.000
868.700.000
19,140,800 1.250.300.000
13.185.700
842.800.000
10,911,400
734.700.000

9.

$

210.700.000
172.701.000
167 900,000
153.300.000
161.110.000
90.200.000
88.100.000

3,300,500
3,529,000
3,781,100
2.331,000
1,870,100
1,789,800
2,752,500

6.830
6,151
7,080
6,005
7,200
6,395
6,015

16.950.8001.014.011.000 22.357,000

45,689

2.064.709.000
3,000,000
1 744 400,000
2,587,900
1.690.000.
000 2,703,800
1.421.300.000
2.311.300
1.738.900.000
2,809,500
1.016.900.000
1,682,000
1.100.000.000 1.796.300

7 m o s .... 106,089,400 6,590,341,000

<—Shares, both sides.—>
Cleared. Total Value.

%
Aug. 1 3 .. 623,800
“ 14 . 987,900
“ 1 5 ..1 ,1 7 8 ,7 0 0
“ 16..' 825,600
“ 1 7 .. 1,017,000

36,200,000
60,100,000
85,900,000
54,800,000
65,300,000

Tot. wk. .4,633,000
Wklastyr3,076,000
Aug.20.. 1,519,900
“ 2 1 .. 862,300
2 2 .. 856,200
“ 2 3 .. 667,200
“ 2 4 .. 885,300

302,300,000
144,400,000
91,400,000
59,400,000
52,400,000
35,100,000
56,700,000

1.354.000
1,035,400
1.452.100
1.884,300
1.551.100
1,147,800
938,500
8,863,200

69,100,000
56.200.000
81.800.000
77.200.000
91.700.000
65.300.000
57.070.000

2,041,000
6,835
1,396,900 ' 5,598
1,928,700
6,581
1,418,900
6,401
1,938,500
6,689
1,484,000
6,088
1,328.500
5.856

498,370,00011,530,500

44,052

--------Balances, one side.-------»Parlies
Shares. Value Shares. Cash. Olear’ng
57,400
84.900
96,300
66.900
87,100

2.900.000 45,200
4.600.000 178,800
6.400.000 133,200
4.100.000 71,900
5.200.000 100,000

296
322
321
303
325

392,600 23,200,000 529.100 1,567
259,900 12,400,000 368,000 1,451
131,500 7,900,000 245,800
336
90.100 5.800.000 113,500
313
70,400 4.600.000 97,900
317
68,200 3.300.000 97,600 299
79.100 [4,800,000 100.100
303

Tot. wk..4,790,900 295,000,000 439,300 26,400,000 654,900 1,568
WMastyr2,514,000 141,100,000 237,500 12 ,200,000 295,300 1,418
The stocks cleared now are American Cotton Oil common
American Sugar common, Atchison, Chicago Burlington &
Quincy, Chicago Gas, Chicago Milwaukee & St. Paul com­
mon, Chicago & Northwestern, common, Chicago Rock Island
& Pacific, Delaware Lackawanna & Western, Distilling &
Cattle Feeding, General Electric, Lake Shore & Michigan
Southern, Louisville & Nashville, Manhattan, Missouri
Pacific, New York Central, New Y. L. E. & West., North.
Pac. pref., National Lead common, Phila. & Read., U n.,
Pac., U. S. Cordage common and preferred and Western
Union.

;g lb u e ta r g g © 0 r a w e r c ia I H t x 0 lt s ftI le « > B
[From our own correspondent.]
L o n d o n , Saturday, August 11, 1894.
As mentioned in this correspondence last week, the joint
stock banks have lowered the rate they allow on deposits to
/ i per cent. ^The innovation is noteworthy as illustrating the
change that is taking place in our money market. Formerly
the custom of the joint-stock banks was to allow upon deposits,




317 I

as said, not less than 1 per cent. At the end of last week they
reduced their minimum from 1 per cent to % per cent. The
latter step was strongly resisted by several of the banks, and
to the very last, one of them has held out. The ground for
the opposition was that if the joint-stock banks broke away
so completely from the lead of the Bank of England and ad­
opted new rules for themselves they would have to keep an
independent gold reserve. At present their real cash reserve
is kept in the Bank of England, and the joint-stojk banks
are unwilling to hold independent gold reserves, as that would
compel them to retain large amounts unemployed. The re­
duction of the deposit rate shows the prevailing opinion here
that money will continue exceedingly abundant and cheap for
months to come. Loans for two or three days are being
freely made at % per cent, and the rate of discount iu the
open market is barely % per cent, although a somewhat
higher figure is quoted.
The India Council is still very successful in the sale of it»
drafts. I t obtained on an average nearly Is. 0 15-16d. per
rupee for the 40 lakhs offered for tender on ^Vednesday^ and
it sold a small amount afterwards at Is. Id. per rupeel If it
continues to restrict its offerings it will probably be able to
sell pretty freely all through the slack season. The silver
market is steady, with an intermittent demand for India and
a fairly steady demand for China 5 but the war between that
country and Japan has not led to the inquiry for the metal
which was generally expected here. Just now both China
and Japan are buying war stores and ships in Europe and
America in considerable amounts, and most of their expendi­
ture, therefore, is in gold. But the best informed are still of
opinion that if the war goes on the outlay will compel both
countries to import silver in considerable amounts. There are
rumors here that China is negotiating both in London and
Berlin for a loan, There is little doubt that she will have to
borrow to cover her purchases, but it is thought that her re­
sources are large enough at present to postpone the operation
yet awhile.
The Board of Trade returns for July are more unsatisfactory
than those for any of the preceding six months of the year.
The value of the imports was, in round figures, £81,845,000, a
decrease of as much as £1,447,000, or 4-34 per cent. During
the preceding half-year the only month that showed a falling
off in the imports was May—7*34 per cent. The other five
months showed large increases, so that at the end of the halfyear there was an increase of 6% per cent. For the whole
seven months the increase is reduced to a little over 5 per cent.
The value of the exports of British and Irish prod u c j and
manufactures was, in round figures, £18,398,000, a decrease of
a little over a million and a quarter sterling, or 6 37 per cent.
During the preceding six months three months showed in
creases and three months decreases; now the decrease is 1*6
per cent for the seven months. The falling off in the export*
is mainly in those to the United States. There is also a de­
crease in those to India, and other countries which had been
purchasing largely during the preceding six months have
taken less from us in July. While, however, the foreign
trade is so bad, the home trade continues very satisfactory.
The railway reports now coming out show large increases in
the earnings, and the traffic returns are likewise satisfactory,
There has been a decided recovery upon the Stock Exchange
this week, and there is a much more hopeful feeling than at
any time previously this year. To some extent this is due to
the satisfactory state of the home trade and to a revival of
confidence, but mainly it is a result of the belief that the dis
pute over the Tariff bill is coming to an end. Wnether a
compromise is or is not adopted the belief here is that any
ending will lead to an increase of business apd to a rise in
prices. The improvement extends to all departments. I t is
very marked in some cases in the American market. It i
likewise considerable in the international department and it
is very marked in home securities. Consols are 102% and the
2% per cents are 101. There is a fair amount of investmen
going on, and there is more inquiry amongst investors for
second and even third-rate securities than there has been for a
long time.
As confidence revives the general belief is that the publio
will lend to other countries much more freely than it has done
during the past four years, that that will lead to an improve­
ment in trade, that a rise in the prices of produce will follow
and that before very long business in every direction will in­
crease and become much more profitable. Of coarse .the. ex -

THE CHRONICLE.

318

[V ol.

L1X,

1893-94.
1892-93.
1891-92.
1890-91
trem e cheapness of money is helping the movement. When aver, price w heat w eek.24s.
44. 26s. 24.
29s. 7d.
39s. 4 1 '
the investing classes can get only per cent on deposits they Average price, se a so n ..2 5 s, 6d. 26a. 9d.
33s. 7<L
35s. 11
¡are inclined to withdraw their money and invest it. Perhaps
The following shows the quantities of wheat, flour and
d;he Stock Exchange is exaggerating this disposition. But no maize afloat to the United Kingdom:
This week. L ast week.
1893.
1892
•doubt a general rise in prices will encourage buying, as it will
Wheat...................q rs.
2,611,000 2,585,000
2,603,000
1,8 6 4 ,0 0 0
m ake many people fear that if they wait long they cannot Flonr, equal to qrs.
330,000
272,000
308,000
313,000
363,000
443,000
501,000
6 1 5 ,0 0 0
M a ize............. ..q r s .
buy advantageously.
'The imports since January 1st have been as follows:
E a s l i s h F i n a n c i a l m a r k e t s —P e r C a b le .
Difference.
P er Of.
1893.
1894.
Tbe daily closing quotations for securities, &c., at London
£
£
&
I m ports.
+ 5,332,143
+16-09 are reported by cable a3 follows for the week ending Aug. 24:
33,126,470
38,458,613
January___
33,984,085
35.341.037
35,008,029
84,134,060
34.250.038
31,844,553

29,759,640
34,059,485
32,120,160
36,838,213
31,869,592
33,293,191

+ 4,224,445
+ 1,281,552
+ 2,877,869
—2,704,153
+ 2,380,441
—1,447,638

+ 14-19
+ 3-76
+ 8-99
— 7-34
+ 7-46
— 4-34

7 m onths.... 242,843,520

230,930,451

+ 11,913,969

+ 5-16

February

M a r c i i ...........

A p ril............
M ay.............
J u ñ e ....... .
J u l y ....... .

The exports since January 1st have been as follows :
1894.
E x po rts.

J an u ary..........
February.........
¡March..............
A p ril....... . . . . .
M ay..................
J u n e ...................
J u l y . . J..........

*

18,151,880
17,679,449
18,098,903
17,559,876
17,484,212
17,909,155
18,398,536

7 months...... 125,282,011

1893.
&
18,026,019
17,093,309
19,432,904
16,617,977
17,822;460
18,785,271
19,651,374

Difference.
&
+
125,861
+
586,140
—1*334,001
+
941,899
— 338,248
— 876,116
—1,252,838

Per Of.
+ 0-69
+ 3-42
— 6-86
+ 5-66
— 1-90
— 4-66
— 6*37

127,429,314

—2,147,303

— 1-68

The exports of foreign and colonial produce since January
1st show the following contrast:
R

e -e x p o r t s .

JaA flary..........
February.........
M arch..............
April.................
M ay..................
J u n e.................
J u ly ..................

1894.
£
4,346,643
5,051,720
5,342,886
4,810,362
4,904,108
5,198,180
4,289,764

7 m onths...... 33,943,663

1893.
£
4,785.629
5,733,252
5,690,367
4,856,184
6,945,220
4,796,015
4,812,492

Difference.
£
— 438,986
— 681,532
— 347,481
— 45,822
—2,041,112
+ 402,165
— 511,728

9-17
-1 1 -8 8
— 6-10
— 0-94
—29-38
+ 8-38
—10-86

37,619,159

—3,675,496

— 9-77

Per OU

Dindon

Bank Bate.

The rates for money have been as follows:

J u ly 6 2
“ 1 13 2
20 2
« 27 2
-AUg. 3 2
“ . 10 2 '

Trade Bille.

Bank Bills.

D.isc't S ’si
Joint
Six
Three Four S ix
Stock A t 7 to 14
Three F our
Months Months Months Months Months Months Banks. Call. Days.
1
%
%
— U® - %® - 1 @ — Hi® - Hé® —
1
9-16
U
34
%® — %-15-l6 1 @ — 1H® - Hi® 1
U
%
%® - %» - m ® - 1 ® — Hi® - Hi® 1
H
%® — H® - i%@ - m ® m 1%@1% m ® m
%
14
%® - %® — 15-10@1 i ® m i ® m 1 @1% %
9-16@— 9i® — l a — 1 @Ui
Hi®*
14
%
%

Sat

Mon.

Tues.

Wed.

Thurs.

F ri.

29716 29%
291316 29 U 1Ô
30%
2914
103 % 1017a 102% 102
102
102%
102
10178 IOUS tR 102% 102
102%
103-20 103-30 103-45 103-40 03-27% 03-37%
7014
663s
95%
1351a
55 78
60
10438
161«
78%
17 78
5 1 78
1014

14
17

7014

65 7s
95%
136
55 78
591«
104%
15 7a
78

70%
66I4
95%
136%
55%
59%
104
15%
78

69%
65%
95%
136
54%
59%
103%
15%
77%

1778
51%
10%
1438
17

17%
51%
10%
13%
16%

17
51%
9%
12%
16%

69%
693a
66 %
67%
95%
95%
138
138
55%
56%
59%
59%
104
104%
15%
16%
78
79
183s
51%
11%
14
16%

17%
51%
10%
13%
16%

(^ammeucial mid

U rn s

I mports a n d E x po r t s fo r t h e W e e k . —The following are
the imports at New York for the week ending for dry goods
Aug. 16 and for the week ending for general merchandise
Aug. 17; also totals since the beginning of the first week in
January,
j
FOREIGN IMPORTS AT NEW YORK.

For Week.
Interest allowed
fordeposits by

O pen Market R ate * .

London.
Silver, per o z ...................
Consols, new , 2% p. ots.
For account......... .
Fr’eh rentes (inParis)fr.
U. S. 4s of 1 9 0 7 ..............
Canadian Pacific.............
Chic. Milw. & St. P a u l..
Illinois C entral.............
Lake Shore......................
Louisville & N ash ville..
M exican Central 4 s .......
N. Y. Central & Hudson
N. Y. Lake Erie & West.
2d consols......................
Norfolk & W est’n, prof.
Northern Pacific, p ref..
P en n sylvan ia..................
Phil. & Read., per share
Union Pacific..................
Wabash, pref...................

Dry G o o d s.....
Gen 1 mer’dise.
T otal. . . . . . .
Since Jan. 1.
Dry Goods.
Gen’l mer’dise.

1892.

1891.

$2,875,565
8,890,312

$2,447,161
12,245,239

1893.

1894.

$2,457,690
5,516,134

$2,034.901
5,672,920

$14,692,400 $11,765,877

$7,973,824

$7,707,821

$80,698,645
290,962,535

$9%618,673
303,933,038

$53,482.744
224,281,715

$77,787,318
266,425,388

Total 33 weeks. $344,212,706'$371,661,180 $395,551,711 $277,764.459

The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
The following return shows the position of the Bank of week ending Aug. 21 and from January 1 to date :
EXPORTS FROM NEW YORK FO R TUB W E EK .
England, the Bank rate of discount, the price of consols, &c,,
compared w ith the last three years:
1892.
1891.
1894.
1893.
1894.

1893.

1892.

1891.

Aug. 9.
X

Aug. 9.
£

Aug. 10.
£

Aug. 12.
£
26,452,825
8,818,36s
34,653,893
11,338,655
28,298,451
17,106,216
27,109,641
44M

26,239,695 27,066,185 20,667,545
C irc u la tio n ............
5,754,280
3,704,247
3,540,196
P u b lic d e p o s its ........... ....................
37,591,120 30,101,144 32,508,479
O th e r d e p o s its ........................
G o v e rn m e n t s e c u r i tie s ................ 12,667,381 13,104,453 13,109,394
O th e r s e c u ritie s .............................. 19,762,356 24,203,047 24,614,158
R e s e rv e o f n o te s a n d co in ........... 28,951,023 14,615,974 16,532,402
C o in & b u llio n , b o th d e p a rtm ’ts 38,391,318 25,232,459 20,749,947
45 M
43
P ro p , re s e rv e t o lia b ilitie s , .p. c.
6634
2
2
4*
B a n k r a c e ......................... p e r c e n t. ,
10214
98
97
1-16
901-16
C onsols, 2% p e r c e n t .....................
38%d.
34%d.
45%d.
S ilv e r ...............................................i 28 13-10d.
C learin g H o u se r e t u r n s ............ . 94,460,000 102,933,000 111,543,000 107,440,000

For the w eek ..
Prev. reported.

$7,097,453
216,902,212

Total 33 weeks. $223,999,665 $253,816,459 $232,664.852 $235 5 2 5 ,7 8 4

The following table shows the exports and imports of specie
at the port of New York for the week ending Aug.18 and since
January 1,1894, aud for the corresponding periods in 1893
and 1892:
EXPORTS AND IMPORTS OF SPEC IE AT NEW YORK.

Exports.
Gold.
Great B ritain.............

*A u g u s t 10.

The quotations for bullion are reported as follows:
GOLD.

London Standard. Aug. 2.
s. d.
B a r gold, fin e__ oz.
B a r gold, p a rtin g .o z
S p a n , d oubloons, oz.
U . 8. gold co in . . .oz.
G e r m a n gold coin.oz

77 9
77 9&
73 9
76 H i
70 H i

July 26.

SILVER.

London Standard. Aug. 2. July. 26.
d.
d.
d.
77 9 B a r silv e r, fin e . ..oa. 28 11-16 28M
77 9% B ar silv e r, c o n ta in 73 9
in g 5 g rs. g o ld ..o z . 29 1-16
29M
70 H i C ake s ilv e r ...........oz. 30 15-10 31
70 H t M ex ic an dollars..oz. 23%
28Já
s.

The following shows the imports of cereal produce into the
United Kingdom during the forty-nine^weeks of the season
compared w ith previous seasons:
IMPORTS.

1893-94.
1892-93.
tïm portsofw heat.cw t.63,122,060 62,766,447
B a rley........................... 30,014,272 16,729,766
Oats............................... 13,251,746 13,616,255
P ea s.............................. 2,213,527
2,130,738
B eans.................
5,066,338
3,770,741
.Indian corn................. 35,756,043 31,113,154
FLour............................. 18,276,249 19,602,182

1891-92.
65,175,772
15,890,981
14,159,746
2,611,917
3,909,560
28,882,728
18,686,064

1890-91.
54,899,219
15,783,872
14,954,590
1,854,518
3,214,744
28,793,003
14,935,636

$7,896,014
$6,313,924
$6,964,279
246,852,180 224,768,838 229,2 1 1 ,8 6 0

West In d ies................
M exico................... .
South Am erica..........
All other cou n tries..
Total 18 9 4 ...........
Total 1 8 9 3 .......
Total 1 8 9 2 .......
Silver.

Week.

Since Jan . 1.

$ ............. $15,438,800
22,622,999
31,600,000
934 12,043,940
47,205
530,067
851,785

Im ports.
Week.

SinceJ a n . 1

$2,467 $1,688,551
6,227,096
1,659,567
1,477,080
295,216
4,535
4 0,940
550,712
21,957
109,547
23,909

$934 $83,134,796 $348,034 $11,753J493
68,694,497 11,248,760 36,325,483
31,704
6 ,4 2 0 ,3 0 4
1,975,000 53,784,863
Im ports.
Exports.
Week.

Since Jan. 1.

Great B ritain....... .
F ran ce...................
Germany.....................
West In d ies................
M exico.........................
South Am erica...........
All other cou n tries..

$589,700 $20,447,125
394,000
193.000
268,100
129.000
169,520
21,319
53,297
716,826
36,411

Total 18 9 4 ...........
Total 18 9 3 ...........
Total 1892...........

$933,019 $22,085,279
264,600 20,092,970
277,431 13,636,897

Week.
$253
25,398
6,382
32,462
53

Since Jan. 1.
$10,556
99,041
3,409
493,361
176,295
324,781
28,598

$64,548 $1,136,041
2,366,856
4,246
1,337,563
6,880

Of the above imports for the week in 1894 $35,695 were
American gold coin and $4,588 American silver coin. Of the
,[¡Supplies available for consumption (exclusive of stocks on exports during the same time $400 were American gold coin.
¡September 1):
—The attention of holders of Oregon Short Line & U tah
1893-94.
1892-93.
1891-92.
1890-91.
W h e a t................. c w t .63,122,060 62,766,447 65,175,772 54,899,219 Northern consol, bonds and collateral trust bonds is called to
Im ports of flo u r ......1 8 ,2 7 6 ,2 4 9 19,602,182 18,686.064 14,935,636 the advertisement of the committee inviting deposits of
© ales of hom e-grown.19,945,823 25,279,075 30,163,793 33,178,112
bonds with the American Loan & Trust Company, Boston, o r
Total. . . . . . ......1 0 1 ,3 4 4 ,1 3 2 107,647,704114,025,629 103,012,967 the New York Guaranty & Indemnity Company, New Y ork.




A ug ust

THE CHK0N1CLE.

25, 1894.1

I p a n im x g

a m t

ffit m tx r ia î;

N O R T H E R N P A C JF IC R A IL R O A D C O M PA N Y .

THIRD-” MORTGAGE

BONDHOLDERS’
COMMITTEE.

PROTECTIVE

40 W a l l S t r e e t ,
)
N e w Y o b k , A u g u s t 1 5 th ,1894. f

To the Holders of the Third Mortgage B onds:
On the 15th day of August, 1893, the Northern Pacific
Railroad Company was placed in the hands of Receivers, Its
insolvency was attributed, among other things, to unreason­
able increase of debt incurred by building and acquiring
unprofitable additions and extensions to the system. At that
time there were outstanding third mortgage bonds amount­
ing to $11,461,000, liens prior to the third mortgage bonds
amounting to $65,154,000, and securities junior to the third
mortgage bonds as follows:
Consols.............................................. . . . . . . . . . . . . $62,443,000
Preferred stock....... ...................................... ., . 36,026,428
Common stock. . . (.............................................. . . 49,000,000
Branch line securities (approximate)... . . . . . . . . . . . 28,000,000

319

A prompt deposit of bonds with the New York Guaranty &
Indemnity Company is requested in order that the third mort­
gage bondholders may, if possible, prevent a further issue of
Receivers’ Certificates, such certificates to a large amount
having already been issued, mainly to the benefit of the junior
securities.
EVANS R. DICK,
'
Of Dick Brothers & Lawrence, Bankers, N. Y.
CHARLES B. VAN NOSTRAND,
Of Samuel D. Davis & Co., Bankers, N. Y.
Committee.
MAX RUCKGABER, Jr.,
Of Schulz & Ruckgaber, Bankers, N, Y.
CHARLEMAGNE TOWER, Jr.,
Philadelphia.
ELIHU ROOT, Counsel.
J. L. NISBET, Secretary, 40 Wall St., N. Y.
—The protective committee of first mortgage bondholders
of the Duluth & Manitoba Railroad Company announce that
the agreement of April 4, 1894, has been signed by holders of
$2,300,000 of the bonds, and that more than the necessary num­
ber have assented to the proposed lease of the road to the
Northern Pacific. Bondholders who have signed the agree­
ment are requested to deposit their bonds forthwith at the
New York Guaranty & Indemnity Company, and those who
have not signed may sign and deposit on or before Sept. 15,
without penalty, which, after that date, will be $5 per bond.
—The Oregon Short Line Committee, representing the first
mortgage 6 per cent bonds, announce that after Sept. 20 next
bonds will be received only upon such terms as the commit­
tee may determine. All bondholders who desire to avail
themselves of the advantages that can be granted only by
concert of action should deposit their bonds at once with the
Central Trust Company of New York or the Old Colony Trust
Company of Boston.

$175,469,428
(About $57,500,000 branch line securities were outstanding,
and it is assumed roughly that about one-half are dependent
upon the main line and can be considered junior to the third
mortgage bonds.)
On the 28 ch of October, 1893, a Committee of which Mr.
Edward D. Adams is Chairman was organized by holders of
consolidated mortgage bonds for the protection of their inter­
ests, and it was then and for a long time afterwards assumed
th a t in any reorganization or foreclosure under the auspices
o f this Committee the third mortgage and the liens prior
City R ailroad Securities—Brokers’ Quotations.
thereto were to be treated as continuing liéns upon the prop­
erty, to remain undisturbed, and that any disposition of the
B id . A sk .
B id . A sk .
property, whether by foreclosure or by reorganization, was to
be subject thereto.
A tla n . A v e., B ’k ly n —
D. D. E . B . & B a t’v —S t k . . 132 135
On tne 3d of July, 1894, however, a circular was issued by
1 s t, g o ld , 5s, 1 9 3 2 ..J & D 109
C ou. 5s, g „ 1 9 3 1 ...A & O
100 101
the above-mentioned committee indicating a complete change GI menp.t .M5.s,5 s,g .,11990394......AJ &&OJ 102
E ig h th A v e n u e —S to c k .. . - 250
o f policy towards the second and third mortgage bonds, as­
100 105
30
4 2 d & O r. S t. F e r .—S to c k 300
1 s t m o rt., 7 s, 1 9 0 0 . J & J 110
suming that because of the decrease in earnings those bonds B ’w
52
4 2 d S t.& M an .& S t.N . A v. 49
ay & 7 th A v e .—S to c k . 180 Î8 4
were in jeopardy, and inviting their holders to come in and
1 st m o r t. 6s, 1 9 1 0 ..M & S 110 112
1 s t m o rt., 5s, 1 9 0 4 .J & D 106
2 d m o rt, in c o m e 6 s . J & J 53
J & J 103
'deposit their bonds with the committee and take part in the 2Bd’wma yo r1ts,t,5s,5 s1,g9u1a4r...l9
2 4 10?
H . W . S t. & P , F e r .—S tk . 200
reorganization, with whatever surrender or sacrifice of inter­ 2 d 5s, in t . a s r e n t ’1-1905
i s t m o rt., 7 s, 1 894. .J & J 100
105
16
1534
110
est might be involved in such a course.
M e tro p o lita n T r a c tio n . . . . 117% 118%
o k ly n C ity —N e w s tk . 166 Í6 8
The undersigned, who are holders of third mortgage bonds, B ro
N inth. A v e n u e ...................... 139
C o n so l. 5s, 1941 . . . J & J 112% 114
are unwilling to assent to this change. They think there are
S ecd n d A v e n u e —S t o c k ... 132 133
B ’k 'y n C r ó s s t’n 5 s . 1903 105
1 s t m o rt., 5a, 1 909.M & N 102
13
15
sufficient reasons why the course of the Adams Committee C e n tr a l C ro s sto w n —S t k . . 150
200 206
should not be followed :
T h ir d A v e n u e ...................... 184 186
1 s t m o rt., 6s, 1 9 2 2 .M & N 119 120
B k . N .& E .R iv .—S tk . 152
1 s t m o rt., 5s, 1 9 3 7 ., J & J 116% 119
1st. The earnings of the mortgaged property are under all C en.
T w e n ty - T h ir d S t.—S to c k . 290 . . . . .
7s. 1 9 0 2 ....J & D 111
■ordinary circumstances more than sufficient to pay all the C hCronsol.
D eh . 5s, 1 9 0 3 .................... 100
is t’p ’r & 1 0 th S t.—S tk . 145 150
1 s t m o rt., 1 8 9 8 ___ A & O 105
interest upon prior liens and upon the third mortgage bonds,
and there is no occasion for third mortgage bondholders to
N. Y. and Brooklyn Gas Securities—Brokers’ Quotations.
make any sacrifice for the protection of their interests.
2d. The amount of securities junior to the third mortgage
B id . A sk .
G A S C O M P A N IE S ,
G A S C O M P A N IE S .
B id . A sk .
bonds and the value of the equity in the property over and
above the third mortgage are so great that the holders of the B ro o k ly n G a s - L ig h t.......... 103 104 P e o p le s ’ ( J e r s e y C it y ) ___ 170
M e tro p o lita n ( B ro o k ly n ). 130 135
junior securities must and will protect the third mortgage C e n tr a l.................................... 105
59
62
139
Dondholders rather than see the railroad sold under a fore­
105
85
125
60
128**
closure of any of the mortgages, if the holders pf bonds
105
180
■under the mortgages insist upon their rights.
175 180
105
B o n d s, 6 s ............................. 107
109
3d. The interest of the consolidated bondholders which, in M u tu a l (N . Y .................... . 147 150
155
SO
the first instance is represented by the so-called Adams Com­
27
35
100
mittee, is antagonistic to that of the third mortgage bondhold­ P e o p le ’s (B ro o k ly n !...........
3 65
ers, both because it will benefit them to have the third mort­
gage bonds scaled down, and because it will benefit them to
Auction Sales.—Among other securities the following, not
have the unprofitable branch lines upon which the consoli­ regularly dealt in at the Board, were recently sold at auction:
dated mortgage is a first lien continue saddled upon the main
By Messrs. R. V. Harnett & Co.:
line to the detriment of the securities upon the main line.
I
Bonds.
As other large holders of third mortgage bonds agree with 12 Amer. FireShares.
Ins. Co.............119% | $3,000 State of Texas 5 s ,’09.116%
these views, there has been a meeting of such holders and we 25 Broadway Insurance Co..117% I $3,000 City of MempMs 6s,
I
191 3 ....... ........................ ...1 0 6
Rave been requested to act as a Committee for common pro­
tection, and have agreed to do so. An agreement has been
By Messrs. Adrian H. Muller Sc Son :
made between the third mortgage bondholders, the New York
Bonds.
Bonds.
■Guaranty & Indemnity Company, as depositary, and ourselves
50 E. W. B liss Co., p r e f...ll7 % 2,000 K entucky Union Land
Co.,
p
ref..................$200
lo t.
50
E.
W.
B
liss
Co.,
c
o
m
.
.
.
I
l
l
as such committee, for the purpose of giving effect to the
Block System
«determination of the third mortgage bondholders to protect 6,285 Kinsmadt
$1,000
Metropol’n
Ferry
Co.
Co., $50 e a c h ......$140 lot.
their rights. Any third mortgage bondholder may become
Is t 5s, 19a7, M&N.101 % & int.
a party to the agreement upon application to the New York
Guaranty & Indemnity Company, No. 59 Cedar Street. A
copy of the agreement may also be obtained by any such
S am uel D. D avis & Go.,
bondholder by application to the Secretary of the Committee.
The agreement provides that the Committee shall not accept
BA NK ER S,
less than par and interest in cash fo r the bonds, and the
N O . 4 0 W A L L S T ., N E W Ï O R K .
Committee is to serve without other compensation than such
S am uel D . D a v is .
Ch a s . B . V a n N o st r a n d .
as may be voted to them by the bondholders upon the wind­
ing up of the business.
The Committee beg to remind the third mortgage bond­
S pencer T rask & C o.f
holders who, under a misapprehension of the facts, have
deposited their bonds with the Mercantile Trust Company
BAN KERS,
under the Consolidated Mortgage Bonds Committee that their 1 0 W A L L S T R E E T ,, ,
NEW Y O R K ,
bonds can be withdrawn, and this Committee will receive the
S ta te and J a m e s S tr e e ts , A lb a n y .
Mercantile Trust Company's receipts upon payment o f the Bonds and Stocks Bought and Sold on Commission. Dealers ln State, City and
Railroad Bonds. Correspondence in v ite d .. ■
charges demanded by the Consolidated Mortgage Committee, 1




320

THE CHRONICLE.

% \ ìr

J p a n k m ’ d a m ile .

[Voi. L1X.

premium; New Orleans, bank par ; commercial 50c. dis­
count ; Chicago, par; St. Louis, par.
Posted rates of leading bankers are as follows :

DIVIDENDS.
August 24.
Name o f Company.

Per
When
Cent, Payable.

m is c e lla n e o u s .
^Diamond Match «piar.)__ . . . . . .

2%

Sept. 12

Books Closed.
(B a ys inclusive.)

__ _ t0 ___

W A L L S T R E E T , F R ID A Y , A U G U ST 2 4 , 1 8 9 4 - 5 P . M.

The Money Market and Financial Situation.—The activ­
ity a n ! advance in prices which characterized the business of
last week in Wall Street has continued without serious inter­
ruption until the present time. The advance was fully sus­
tained on Saturday and Monday, several of the most active
¡Stocks reaching their highest point in the present rise up to that
4at©. But some holders thought their profits too large and
too rapid to last permanently, and this feeling was evidenced
fcy the disposition to sell which developed on Tuesday. After
¡Some realizing, however, the strong tone has again set in, and
prices to-day are near their highest. The following table
¿hows the advance already made this month in a few leading
Stocks:

Atchison.........

Lowest Closing
thism th. A ug.24

nion Pacific . —
Missouri P acific..
Book I s la n d .......
Burl, & Quincy
St. P a u l . . . . . .------Louisv- & Nashv .

3%

7*8
235g
63
70
5 6 78
45%

67s

137s
30 7s
69%
78%
66%
55%

Lowest Closing
th ism th . A ug 24
Reading................... 17
22^
American Sugar... 102
113%
Chicago Gas........... 7 1 7s
77%
D istill. & Cat. Fdg. 17%
23%
Amer. Cotton O il.. 27%
34%
General E lectric.. 35%
43%
W estern U n io n .... 84%
afilt

The element of uncertainty as to the result of the new Tariff
frill in the hands of President Cleveland may have been a rea­
son for some of the selling, especially that for foreign account,
as the situation is probably less clear in London than it is at
frome. This movement was met, however, by ready pur­
chasers and failed to affect prices except to a limited extent.
The weekly reports of railroad earnings continue to make a
satisfactory exhibit compared with last year, and it is hardly
necessary to repeat our remarks of last week that in August,
1893, we had fully entered upon the financial crisis and its
period of diminishing traffic.
The open market rate for call loans during the week on stock
aand bond collaterals has been 1 per cent, all the business being
g,t that figure. To-day rates on call were 1 per cent. Prime
commercial paper is quoted at 3 to 4 per cent.
The Bank of England weekly statement on Thursday
Showed an increase in bullion of £793,085 and the percentage
©f reserve to liabilities was 69'14, against 67*94 last week; the
discount rate remains unchanged at 2 per cent. The^Bank of
Trance shows an increase of 7,725,000 francs in gold and
1,815,000 francs in silver.
Hie New York City Clearing-House banks in their’statement
Of Aug. 18 showed an increase in the reserve held of $1,766,000 and a surplus over the required reserve of $67,806,650,
¿gainst $67,002,850 the previous week.
1894.
Aug. 18.

Diffsren’sfrcm
Prev. week.

1893.
Aug. 19.

1892.
Aug. 20.

$
60,422,700
71.594.800
406,540,200
7,738,200
370,302,400
58.352.800
22,177,000
80.529.800
92,575,600

S
60,422,700
67,390,500
492,054,300
5,466,400
524,412,100
86,094,300
57,387,600
143,481,900
131,103,025

Surplus reserve 67,806,650' I n c . 803,800 DI12045800

12,378,875

Capital..................
S u rp lu s................
Loans & disc’n ts.
C irculation___
Wet deposits.......
Specie............ .
Legal ten ders.. . .
R eserve h e ld .....
Legal r e se r v e ....

$
$
61,622,700
71,276,800
486,298,800 Ino .Ì ,676,100
9,761,400 Dec.
23,500
584,889,000 In c .3,852,400
91,028,400 Deo.
24,300
123,000,500 I n c . 1,791,200
214,028,900 Inc .1,766,900
146,222,250 I n c . 963,100

Foreign Exchange.—The foreign exchanges were strong
¿nd a fraction higher during the early part of the week owing
to a limited supply of bills and some demand caused by sell­
ing of stocks for foreign account to realize the large advance
in our securities. On Wednesday the market became dull
¿nd weak, with a decline in quotations, the demand being
light and bankers offering bills more freely. These conditions
have since continued and prices are 1-32 to 1-16 lower at the
Close, mainly in consequence of the renewed buying of
American securities.
To-day’s actual rates of exchange were as follows: Bankers,
¡Sixty days sterling, 4 85%@4 85%; demand, 4 86%@4 86%;
Cables, 4 86%@4 87.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
par, selling % premium; Charleston, buying par, selling %




Sixty Days.

Prime bankers’ sterling bills on London..
Prime com m ercial............. ............. ...........
Docum entary commercial......... ...................
Paris bankers (fr a n c s )..............................
Amsterdam (guilders) b a n k e r s ............
Frankfort or Bremen(reiohmarks)b’nkers

4
4
4
5

Demand.

86%®4 87 4 873a® 4 88
85 ®4 8534
S41a®4 84%
18%®5 183-8 5 17%®5 1 6 7g
4 0 l16®40%
40%® 405i«
95%®953s
953a»955a

U nited States Bonds.—The better outlook for the National
Treasury and the smaller prospect oi a new bond issue is
reflected in the good demand for Government bonds and quo­
tations have advanced during the week. At the B iard $30,000 5s coupons have sold at 118%, $10,000 at 118% and $10,000
at 118%; $5,000 4s registered at 114 and $2,000 4s coupon at
Interest Aug.
Periods 18
2 s...........................reg.
4s, 1 9 0 7 ... ......r e g .
4s, 1 9 0 7 . . . . . . . . coup.
5s, 1 9 0 4 ...........;reg.
5 8,1904 ....... ...c o u p .
6s, our’cy,’9 5 ___reg.
6s, our’cy,’9 6 ....r e g .
6s, our’oy,’97___reg.
6s, cur’cy,’98 ___reg.
6s, our’cy.’9 9 ___reg.
4s, (Oher.)’96-99.reg.

Q.-Mch.
Q .-Jan.
Q -J a n .
Qi-Feb.
Q .-Feb.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
March.

Aug.
20.

* 96
96
*113% *113%
*114% 115
*118 *118
*118
118%
*101 *101
*104 *104
*107 *107
*109 *109
*112 *112

Aug.
21.
* 96
*114
*114%
*118%
1185s
*101
*104
*107
*109
*112

Aug.
22.

Aug.
23.

* 96 * 96
*113% ‘ 114

Aug.
24.
* 96
*114

*11414 *114% *114%

*11838 *1183« *118%
*1183s *118% *118%
*101 *101 *101
*104 *104 *104
*107 *107 *107
*109 *109 *109
*112 *112 *113

*03-5)4 *03-5% *03-5)4 *03-5% *03-5Xl *03-5)4

Ih is ia th e price bid at tu e m orning board ; no « d e w as made.

United States Sub-Treasury.—The following table showsreceipts and payments at the Sub-Treasury.
Date.
Aug. 18
“ 20
“ 21
“ 22
“ 23
“ 24

Receipts.

P aym en ts.

Coin.

$
$
$
3,828,762 ‘ 3,091,546 75,721,021
3,272,652 75,829,856
5,174,377
2,534,908
2,699,496 75,985,640
2,470,410
2,589,469 76,092,163
3,106,840
2,613,943 76,156,241
2,601,232 76,256,729
2,321,263

Balances.
Coin Cert’s. Currency.
$
3,162,762
3,804,374
3,769,56)
3,783,529
3,766,299
3,600,435

$
60,l85,832i
61,337,110
61,051,548
60,812,00261,258,052
61,043,458

Total 19,436,560 16,868,33«

Coins.—hollowing are the current quotations in gold for
coins :
Sovereigns...........$4 85
N apoleons.......... 3 85
X X Reielimarks 4 70
25 P esetas........... 4 75
Span. Doubloon s. 15 55
Mex. Doubloons. 15 55
Fine gold bars. . . . par

@$4 90
Fine silver b a rs.. — 65 ® — 66
® 3 90
Five fr a n c s ....... — 90 ® — 95
9 4 80
Mexican dollars.. — 52%® — 53
® 4 85
Do uncom’c ia l..------® — —
® 15 75
Peruvian s o ls ..... — 51 ® — 52
®15 75
English s ilv e r .... 4 80 ® 4 90
® % prem. U.S. trade dollars — 55 ® — 65

State and Railroad Bonds.—Sales of State bonds at th e
Board during the week include $13,000 Alabama, Class A, a t
103; $8,000 Tenn. Settlement 3s at 78; $5,000 South Carolina 6s,
non-fundable, at 2, and $6,000 Virginia f. d. 2-3s of 1991 at
58%-58%.
Tne demand for railroad bonds of the better class has been
increasing and held the market very strong, with prices of all
good bonds advancing. Atchison 4s close at 73% , do. Class
“ A” at 25%; Chesa. & Ohio gen. 4%s at 76%; C. B. & Q. con..
7s at 120%, do. 5s at 104%; Northern Pacific con. 5s have sold
freely, closing at 29% ; Reading 1st pref. inc. at 37, do. 2ds a t
26, do. 3ds at 21%, and gen. mort. 4s at 79%; Wabash 1st 5s
have been active, closing at 104%. The new Southern Rail­
way securities and the underlying bonds on different parts of
the system have all been strong, and usually active where
any bonds could be obtained to trade in.
R ailroad and Miscellaneous Stocks.—The stock market
has continued active, and except some heaviness on Tuesday
the tone has been good. Among the industrials, Distilling
& C. F. has supplanted American Sugar as the leader,,
although the latter has shown the greatest advance. American
Cotton Oil has become more prominent, the prospects of the
company being considered much better for the coming year,
and closes at 34% against 29% last week. U. S. Leather pref.
has advanced from 59% last week to 64%, due probably to the
demand for leather, which has been increasing for several
weeks. Sugar has advanced on lighter transactions from
108% last week to 113%. Chicago Gas has fluctuated between
75% and 78%, closing at 77%. Of railroad stocks the grangers
and Louisville & Nashville have been favorites. Private ex­
pert estimates recently made of the corn crop in Iowa and
Nebraska make out that the damage is less than previous
reports indicated, and the fact that unusual crop conditions
are at first frequently exaggerated leads to the hope that the
latter estimate is more nearly correct. Although the earn­
ings of Burlington & Quincy will probably be more affected
by the short corn crop than those of any other road, the stock
has advanced from 76 last week to 78%, and the dividend of
1% per cent has come off in the meantime. St. Paul closes at
66% against 63% last week and Rock Island at 69% against
68. Some activity is noted in N. Y. & N. E. trust certifi­
cates, 3d instal. paid, with an advance from 25 % on Tuesday to
27% on Thursday, closing at 27%. Reading shares have found
a more ready sale on renewed assurance that the reorgani­
zation plan is in progress and has strong support.

THE

A ugust 25, 1894. j

CHRONICLE.

321

NEW YORK STOCK EXCHANGE—A C TIV E STOCKS fo r week ending AUGUST 24, and since JAN. 1, 1894.
HIGHEST AND LOWEST PRICES.
Saturday,
Aug. 18.
6% 7
*1% 1%
73% 75
*6834.........
505s 52
*109 111
18% 19
*138 142
75% 78
■*50
54
*95
97
64% 65
120 120
106% 107%
141% 141%
67% 68%
37
37%
.115 115
3S% 39%
*17% 18%
*60
66
135 135
.165 166%
12%

35
11
*18
13%
*45

12%

35%
11
18%
13%
50
102 103
93% 93%
10
10 %
35
35%
*16% 17
68% 68%
*132% 133
*87
89%
54% 55
*8
9
*25
27
*1 . . . . . .
117% 118
96% 97
*4
5
*20

22

15% 15%
23% 23%
30
30%
20 % 21 %
*65
75
101 % 1 0 1 %
*15
15%
*63
68
28% 28%
15% 15%
tl7% 18%
*180 183
17%
15%
41%
6%
25
4
17%
*13
*16
_____
5
20 %
13%
*43
17%
22%
*10

Monday,
Aug. 20.

Tuesday,
Aug. 21.

W ednesday,
Aug. 22.

17% 17
15% 16
41% 41%
6%
6%
25% 25
4%
4%
17% 16%
16
*13
20
*16
7
6
5%
5%
2 0 % 20
13% 14
48
*46
17% 17%
2 2 % 22%
15

17% 16%
16% 16%
43
42%
6%
6%
25
24%
4%
4%
17% 16
*13
16
20
*16
6
*5%
6
5%
20
19%
14
*13
47
46
18
17%
22^,
22 %

17
16%
43
6%
24%
4%
16%
16
20
7
5 7,
19%
14
46
18
22 %

5
5
5
5% *4% 5
9% 9%
9% 9%
9
9%
*26
30
*26
30
26% 28
*85 100
*85 100
85 100
104% 105
103 105
*103 105
20
2L
21
2 1 % 21
21%
10 % 10 % 10% 1 0 7f 10
10%
6% 6% *6% 7%
6
6
*34% 37
34
34
*34% 37
*69 .........
*72 ___
75
75
13% 14% 13% 13% 12% 13%
5% 6
5% 6
5% 5%
*7% 7%
7% 7%
7% 7%
16% 16% 16% 16% 16% 16%
11% 12%' 12 % 12 % 12% 12%
43% 43% 41% 42% 42
44%
*4
6
4% 4%
4% 4%
30% 30% 30% 32%' 32
32%
74% 75
75% 76
76
76%
108% 110% 111% 114% 113 114%
96% 97% 98 100
99% 100%
95% 98
97% 99
98% 99%
.108 108
108 108% 110 110
75% 76% 76% 78% 76% 78%
*9
10
*9
10
9
9
*25
27
25
26
*25% 27
121 % 121 % 123% 124 *123% 125
18% 20% 18% 19% 18% 20%
42% 43% 42% 44% 41% 43%
43% 44% 44% 44% 44
44%
88
88
88% 89
88% 90%
4% 4%
4% 4%
4% 4%
14% 15
15% 16
*15% 17
*17 . . . .
17
17
*80% ___
*157 160
158% 160% 162 165
*64% . . . .
*66 . . .
*64% . . . .
19
19% 1 9
19% 18% 19%
21%
36
*37%
89%

22 % 21 %
36
*34
40
39%
90% 89%

22
38
42
90

21 % 21 %

35
35
42
42
88% 89%

‘ These are bid and asked: no sale made.




Friday,
Aug. 24.

STOCKS.

S ales of
th e
W eek,
Shares.

Range for year 1894.

Lowest.

H ighest.

A c tiv e H R . S to c k s .
6% 7 Atchison Topeka * Santa F e. 14,701
3 Ju ly 23 16 Mar. 14
*1% 1% A tlantic & Paoifle............... .
% Jan. 2
1% Mar. 28
900
74% 74% Baltimore & O hio.....................
2,458 67 Jan. 2 81% Apr. 6
67% 67% Canadian Pacific.......................
300 62% June 11 73% Jan. 18
52% 53% Canada Southern................... 11,440 47 Jan. 3 53% Aug. 24
114% 116 Central of N ew Jersey............
2,430 104 May 31 117% Mar. 8
19% 20% Chesapeake & O hio.................. 18,135 16 May 21 20% Aug. 24
140 142 C h icago*A lton .......................
10 130 Feb. 12 142 J u ly &
77% 78% Chicago Burlington & Quincy 101,468 70 Aug. 7 84% Mar. 21
54 . . .
Chicago & E astern Illin o is...
200 52 June 1 55 Feb. 27
....... 96%
93 May 23 97 Jan. 18
Do
pref.
65% 66% Chicago Milwaukee & St. Paul 96,180 54% Jan. 3 66% Aug. 24
121 122
123% Mar. 13
Do
pref.
1,433 116 Jan.
107% 108% Chicago & N orthw estern.......
110% June 7
8,132 97 Jan.
145 Apr. 9
.....................
Do
pref.
165 135% Jan.
72% Apr. 7
68
69
68% 69% Chicago Rock Island & Pacific 36,838 61% Jan.
41% Apr. 7
38% 39% 39
39% Chicago St. Paul Minn. & Om.
7,923 32% Jan.
114% 115%
ßo
pref.
225 109% Jan.
116 Apr. 16
114% 115
39% 41% 11
11% Cleve. Cincin. Chic. & St. L ... 13,140 31 Jan. 10 41% Aug. 24
85% 85%
ßo
pref.
210 78 Jan. 18 88 May 12
18% 19% l ? 1® I ? 3®Columbus H ocking Val. * To!
2,430 15% July 11 2078 Mar. 31
65
65
Do
pref.
100 57% May 23 66 Jan. 12
*61
66
134% 136% 136% 137 Delaware & H udson................
2,491 126% Ju ly 9 144% Apr, 7
166% 167 Delaware Laekawanna&West 3,714 158 May 21 170% Jan. 16
165% 166
9% Aug. 7 12% Aug. 20
*11% 12% "11% 12% Denver & Rio G ran d e............
200
35
35
Do
pref. 2,421 24 June 22 35% Aug. 21
35
35
||% Jan. 19 11% Aug. 24
11 % 11 % 11% 11% E.T.Va.&Ga.jCert. all ass’tpd .
1,122
*18
20
19
19 Do 1st pref., cert, all ass’tp d .
419 11% June 23 19 Aug. 21
*13
13% 13% 13% Do 2d pref., cert, all ass’tpd.
4%
Mar. 28 l3% Aug. 20
436
*45
50
433 48 Aug. 21 68 Apr. 20
. 45
50 E vansville & Terre H aute___
103% 103% 103% 103% Great Northern, pref..............
525 100 Jan. 4 106 Apr. 9
404 89 Ju ly 9 95 Mar. 29
93% 93% 94% 94% m in ois Central.............. .
6 Jan. 2 11% Apr. 3
t.9% 10% Iowa Central......... .............
2,080
10
10
Do
pref.
507 23% Jan. 4 39% Apr. 9
35% 35% 35% 35%
19% Lake Erie & W estern..............
3,895 13% Jan. 12 19% Aug. 24
17% 17% 18
72
72%
Do
pref. 2,043 63 Jan. 3 72% Aug. 24
69% 70
135 139
137% 138 Lake Shore & Mich. Southern
5,412 118% Jan. 3 139 Aug. 23
*88
90 Long Islan d...........................
200 87 May 22 100 Jan. 2
*88
90
54% 54% 54% 55% Louisville & N ashville............ 31,854 40% Jan. 12 55% Aug. 24
6 June 5 10 Jan. 22
9
9
8% 9 Louisv. N ew Alb. & Chicago.
737
27% 27%
Do
pref.
725 19 July 9 40 Jan. 6
26% 27
1% Apr. 2
1% Feb. 7
*1 .....
, *1 ------ Louisville St. L o u is * T exas.
9,802 111% July 31 127% Apr. 26
119% 121% 121 122 Manhattan Elevated, consol..
1,415 94 July 23 100% Feb.
98
99% 99% 99% Michigan Central....... ............
3% July 25 13% Apr.
*4% 5
. *4:% 5 Minneapolis & St. L., tr. rects.
600
20
22
ßo
pref. ,tr. rects.
100 15% Ju ly 20 38% Apr.
*20
22
310 12 June 23 16% Apr.
*14% 15% 15% 15% Missouri Kansas & T exas__
Do
pref. 2,795 18% June 25 27% Apr.
23% 24% 24% 24%
32% Anr.
20,360 18% Jan.
30% 31% 30% 31 Missouri P acific...................
22 May 15
22 Mobile & Ohio............................
610 15% Jan.
21% 21% *20
70 Jan. 19 74 Apr. 18
*65
75
65 .7 5 , Nashv.Chattanooga&St.Louis
100% 102% 101% 102% New York Central & H udson.
6,081 95% May 24 102% Aug. 23
16% New York Chicago & St. Louis 1,100 13% May 22 16% Apr. 9
16
16% “46
*67
71
Do
1st pref.
202 62 Ju ly 31 75% Feb. 3
68
68
30
3o%
Do
2d pref.
,885 25 Ju ly 31 34% Apr. 2
29
30
*15% 15% 16% 16% New York Lake Erie AW est’n 3,715 11% June 25 18% Mar. 28
*30
32
....................
Do
pref.
HO 25% May 21 39% Mar. 27
27% 27% 27% 27% N .Y .* N .E .,tr . recs.3dins.pd 20,372 || 3% May 19 28% Aug. 21
178 Ju ly 11 195 Mar. 15
180 183 *180 183 New Y orkN ew H aven& H art.
6 Apr. 26
5% May 24
.................... New York & Northern, p r e f..
16% 16% 16% 17
17% 17% New York Ontario & Western
3,356 14 June 25 17% Apr. 9
17% Aug. 24
16
16
16% 17% New York Susq. & West., new .
4,960 13% July
16% 17
42% 42% 42% 45
44% 45%
Do
pref.
5,495 36 May 21 46% Mar. 5
7% Apr. 3
4 July
6% 6%
5,320
6% 6% Norfolk & W e s te r n ................
6% 6%
24
24
Do
pref.
1,500 17% Jan. 19 26 Apr. 9
24% 24% 24% 25%
6% Mar. 20
4% 4%
3% June 22
5
5 Northern P a c ific .....................
4,310
4% 4%
16% 17
17 % 18%
Do
pref
7,968 12% May 21 23% Mar. 30
17
18
17 Aug. 8
*13
16
100 12 A ut
14% 14% Ohio S o u t h e r n .....................
*13
16
16
20
20 Oregon R’y & Navigation Co.
420 10 June 20 30 Mar. 7
17% 17% 20
10% Apr. 6
4% Jan.
5% 5% *5
*5% 7% O reg o n S h .L in e* t ìta h North
130
.7
6% Aug. 23
2% Aug,
*5% 5%
5% 6% Peoria Decatur <fe E vansville.
3,510
5% 6%
23% Mar. 14
14%
May
21
20
22%
22%
Philadelphia
&
Reading.........
28,570
19%
20
21%
*12% 14
13% 13% Pittsburg Cinn. Chie. & St. L.
350 10% July 12 15% Apr. 6
*12% 14
47
Do
pref.
2,362 42 July 20 53 Apr. 7
*43
46
45% 45% 45
17
17% 17% 18% 18% 18% R.*W .P.Ter.,tr. r.5th asst.p d 34,205 ||2 Jan. 15 18% Aug. 23
23 Aug. 14
2 1 % 2 1 % 22
23
23
Do
pref.
tr.
rects.
1,600 12% Feb.
22
15 Feb. 1
15 Feb.
.................... Rio Grande W estern.................
....................
Do
pref
5% Apr. 5
3 Ju ly 31
*4% 5
*4%
5 at. Louis Southwestern..........
1,600
5
5
7 Ju ly 11 11 Apr. 5
9% 9%
Do
pref.
1,460
9% 9% *9
9%
28 St. Paul & D uluth.................
900 22% Jan. 18 28 Aug. 21
27% 27% 27% 27% 28
95 Mar. 29
88 Jan.
*85 100
Do
pref.
’85 100
*85 100
107 May 5
103 105 St. P aul Minn. & M an itoba...
200 100 Jan.
.03 105 *103 105
21 Southern Pacific Co.................
3,050 17% July 23 25 Mar. 14
21
21% 21% 21% 20
10% Aug. 20
7 Jan.
10
10% 10% 10% 10%1 0 78 Texas & Pacific............................ 11,755
11% Apr. 3
3 Aug.
6
7 Toledo Ann Arbor & N. Mich.
755
7
7
6
6
’34% 37
r34%
37 Toledo & Ohio C e n tr a l........
23 34 Ju ly 28 38 Jan. 30
*34% 37
75 Jan. 2
Jan.
'73 .........
Do
pref.
168 75
*73
*73
7 July 30 22% Mar. 31
14 Union P a c i f i c ..............
6,676
11% 12% 12% 13% 13%
6% Mar. 29
3 Aug.
5
5 Union Pacific D e n v e r * Gulf.
1,781
4% 4%
5
5
8% Apr. 6
5% Ju ly 10
7%7% Wabash..............................................
1,277
7% 7%
7% 7%
18%
Apr. 9
Do
pref.
7,475 12% Jan.
16
16% 16% 16% 16% 16 %
9 Ju ly 27 13% Apr. 6
2,745
12% 12% 12
12% 12% 13% W h eelin g*L ak e E rie......... .
51%
Apr. 2
Do
pref.
2,310 32% Ju ly 27
43% 45
44% 45% 45% 46%
8% Apr. 2
1% July 23
4% 4% Wisconsin Central Company.
1,000
4
4
*3% . . .
m is c e lla n e o u s S to c k s .
34% Aug. 23
31% 34
33% 34% 33% 34% American Cotton Oil Co......... | 14,886 26% Mar.
Do
pref.
2,922 63 Jan. 2 78 Aug. 24
75% 77
77% 77% 78
78
112% 114% 113% 114% 112% 114% American Sugar Refining Co. 198,734 75% Feb. 1 114% Aug. 21
7,825 79% Jan. 2 100% Aug. 21
99% 100
Do
pref.
99% 99% 98% 99
98% 99% 99% 99% 99% 103 American Tobacco Co............. 19,705 69% Jan. 2 103 Aug. 24
849 91% Feb. 16 110 Aug. 21
110 110
Do
pref.
111%
76% 77% 76% 77% 77
78% Chicago Gas Co„ trust reo’t s .. 81,608 58% Jan. 3 80 June 25
5 June 26 13% Apr. 4
100
*8% 9% *8% 9% *8% 9% Colorado Coal & Iron D ev el..
680 21 Jan. 3 27% Apr. 4
*25
25
*23% 25 Colorado Fuel & Iron..............
*25% 27
1,374 111 Ju ly 30 140 Apr. 20
123 124% 125 127
126% 126% Consolidated Gas Com pany..
18% 21
23% D istilling & Cattle Feeding Co 245,555 17% Aug. 10 30% Feb. 6
20 % 21 % 21
41% 43
42% 4 2 7s 42% 43% General Electric Co............... . 3 1 ,3 8 1 30% Jan. 3 45% Mar. 8
44
44% 44% 44 78 44% 44% National Lead Co................... 13,849 22 Jan. 2 44% Aug. 20
5,773 68 Jan. 2 92% Aug. 23
Do
pref.
90
90% 90
92% x90% 91
5% Mar. 17
2% June 25
3,400
4% 4%
4% 4% North American C o .......... .
4% 4%
1,125 11% Aug. 1 17% Apr. 2
16 Oregon Im provement Co........
*15% 16% 16
19
Jan. 30
13%
May
15
520
P
a
c
if
ic
M
a
ll.....................................
16 % 16 % 16% 16% 16% 16%
79 Jan. 15 90% June 9
Pipe Line Certificates.............
174
Apr. 13
152
Ju
ly
9
1,890
Pullm
an
Palace
Car
Company
162 165% 163% 164% 164 164
64 Apr. 26 67 Jan. 20
*64% ....... . Silver B ullion Certificates..
*63% 64%
20%
Mar. 6
14%
Jan.
3
5,167
18% 19
19% Tennessee Coal & Iron.........
18% 18 % 19
62% May 2 71 Apr. 2
Do
pref.
15%
May
19
23%
June 18
8,265
2 0 78 21% 2 0 % 21 % 20% 21% United States Cordage C o ....
390 33 May 18 41 June 19
34
34
Do
pref
34
37
32
32
33%
May
22
43
Apr. 5
2,131
42 United States Rubber Co___
42
42% 41
41% 42
88% 89% 89% 89% 89% 89% Western Union T elegrap h... 16,690 80% Jan. 3 1 90% Aug. 18

6% 6%
6
6%
1% 1% *1
1%
74% 74% 74
74%
*67% 68%
68
69
51% 51% 51% 51%
112% 112% 112% 112%
19
19% 19% 19%
140 142 *140 142
76% 77% x74% 76%
54 ......... *54 .........
95
97
*95
97
63% 64% 63% 64%
119% 120% 119% 119%
106% 107% 106 106%
141% 142% "141% 142%
67% 68
67% 68%
38
38
37% 38
114% 114% *114 115
39% 39% 39% 39%
85
85
18% 19
18% 19
18% 18%
*61
66
*60
66
*61
66
134 134% 135% 135%
135 135
165% 165% 164% 164% 165 165
12 % 12 % * 12 % 12 %
35% 35% 34% 35% 34% 34%
*11
11%
11
11
11
11%
18% 18% 18
19
20
*18
13% 13% *13
13% *13
13%
50
50
48
49
50
*45
102 102
103 105
102 105
93% 93% 92% 92% 92% 93%
10% 10% 10% 10%
*9% 10
36
36
35% 35% *35% 37
17
17% 16% 17% 17
17
69% 69% 69
70
69% 69%
132% 133% 133 133% 133% 134%
89% *89
89
89% * 8 i
90
54% 54% 53% 54% 53% 54%
9
9
9% *8
8% 8%
26% 26% 26% 26% *26
27
*1 .........
*1 . . . .
*1 .........
116% 118
118% 119% 119 119%
97% 98%
*98 .........
*4% 5
4% 5
4% 4%
21 % 2 1 % 2 0 % 22
*20
22
*14% 15% 14% 15% 14% 14%
23% 24
23% 24
23% 24
30% 31% 29% 30% 29% 30%
21
22
* 20 % 22
* 2 0 % 22
*65
75
*65
75
*65
75
101% 101% 101 101 % 1 00 % 100 %
*15
15% 16
16% 15% 15%
*63
68
*63
63
63
68
*27
29% *27
29
29% *26
15% 15% 15
15%
15% 15
31
31
tl8% 20% 25% 28% 26
28
180 183
180 183
180 183

6% 7
1% 1%
74% 74%
68% 68%
51
51%
112 112%
19
19%
142 142
77% 78
54
54
*95
97
64% 64%
120% 120%
107 107%
142% 142%
67% 68%
37% 38%
*114 115
39% 39%

Thursday,
Aug. 23.
6% 6%
1% 1%
74
74%
67% 67%
52
52%
113 114%
19% 19%
140 142
76% 78%
*54 .........
r......... 96%
64% 65%
120 % 1 2 1
107% 108%

I Old certificates.

12d assessment paid.

THE CHRONICLE.

322

NEW YORK STOCK EXCHANGE PRICES (Continued)—ÌATICT/FZ? STOOKS.
Bange (saies) in 1894.

Aug. 24.

I n a c t iv e St o c k s

Bid.

Indicates unlisted.

Ask.

Lowest.

R a ilr o a d S to c k s .
Albany & Susquehanna......... —100 167 175 166 July 176 Apr.
135 Mar. 135 Mar.
B elleville & South. 111. pref...... 100
100 June 100 June
Boston & N. Y. Air lune p ref.. 100 100
15
10 July 17 Feb.
Brooklyn E levated U.................. 100 13
23
20 Jan.
2 4 k Apr.
Buffalo Rochester & Pittsburg. 100
Apr. 61 Apr.
61
Preferred.............................. ...1 0 0
5 0 k Feb. 52 Apr.
Burl. Cedar Rapids & Nor.........100 49%
Central Pacific..............................100 1358 145s 1 0 k June 17 Mar.
147 Jan. 1 5 4 k May
Cleveland & P ittsb u rg .. . . . . . . . 50 150
7% June
5 k Jan.
D es Moines & Port Dodge.........100 i 6
34 Aug.
14 Jan.
100 33
Preferred...............
July
8 Apr.
6
4
k
Duluth 8o. Shore & A tlantic H.100
4k
13 Aug. 19 Apr.
Preferred U.............................1 0 0
1 2 k 13
Apr.
1
6 k Apr.
14
F lin t & Pere Marquette............1 0 0 ..........
4 4 k Apr. 45 Mar.
Preferred...................
100 -----7
Georgia Pacific Trust ctfslf— 100
6
3 7s Aug.
7 k Mar.
6k
Gr, Bay Win. & St. P. tr. reo— 100
5
12 Aug. 12 Aug.
15
Preferred trust rects...............100
8
12 Aug.
3
2 k Jan.
H ouston & Texas Central— . . . 100
1k
8 6 k Jan. 92 July
Illinois Central leased l i n e s ....100 . . . . . .
9 k Apr.
7 k June
Kanawha & M ic h ig a n .:........ 100
8k
9k
5
Keokuk & D es M o in e s..... ....1 0 0 . . . . . .
12 Jan. T 3 ju n e
Preferred____ . . . . . . . ............. 100 13
1 2 k June 22 Apr.
L.I. Traction IT..............................
t 16
6 Feb.
5 Feb.
Ijouisv. Evansv. & St. L. Cons. 100 .........
5k
Preferred....... ............................100 .........
Mahoning C o a l....... ................ 50 93
107 Mar. 107 Mar.
50 104
P r e fe r r e d ......................
1 1 8 k 112 July 120 May
Metropolitan Traction^............ 1001118
8 k Apr.
9
6 k Feb.
Mexican C en tr a l................— 100 ..........
Mexican National..............
100| . . . . . .
50 {155% 155k 148 Jan. 157 " May
M orris* E s s e x . . . . . . .............
N. Y. Lack. & W estern......... ...1 0 0 . . . . . .
1 1 0 k Jan. 114 k June
51 Jan. 59 k Apr.
65
Norfolk & S o u th e r n ...............1 0 0
60
6 July
2 k Aug.
3
Peoria & E astern....... . ................ 100
5k
149 Jan. 154 May
Pitts. Ft. Wayne & Chicago___100 153
5k! 20 July 29 k A p r .
Pitts. & Western p f................ 50 23
Rensselaer & Saratoga............... 100 177 182 1172k Feb. 180 Apr.
109 k May 114 July
Rome Wat.& Ogdensburgh— 100 .........
t A ctual sales.
No price Friday ; la test price this week.

(% Indicates actual sales.)
Aug. 24.

I n a c t iv e St o c k s .

Bange (sales) in 18s>4,

Ask.

Bid.

ITIndicates unlisted.

Highest.

L1X,

[V ol.

Lowest.

Highest.

33
20 Jan.
St. Louis Alton * Ter. H aute... 100 30
P referred..................................1 0 0 168 175 150 Mar.
Southern Ry.—when iss u e d ^ ......... Î 13% 1378 12 Aug.
34% Aug.
Preferred
do
do i f ......... Î 403a 41
15
Toledo Peoria & W estern.......... 100
1
2
2 Mar.
Toledo St. L. & K ansas City if....... .
M is c e lla n e o u s S to c k s.
Adams E xp ress........................ ..1 0 0 148 152 148 May
_
46
48
American Bank N ote Co iT...............
American E xp ress.......................100 U 1 5
108 July
85 Feb.
Amer. Telegraph & Cable......... 100
89%
Brunswick Company.................. 100
4*4
6
3 June
90 Aug.
Chic. Juno. Ry. & Stock Y ard s.100 Î 94
Preferred............................... ...1 0 0
72
50 Jan.
Colorado Fuel & Iron, pref....... 100
4% Jan.
Columbus & H ocking C oal___.100 i 8
140 Mar.
Commercial Cable. . . . . . . . . . . . . . 100 125
28 Jan.
Consol. Coal of M arylan d ......1 0 0 271« 33
93 Feb.
Edison E lectris Illum inating... 100 981« 100
36
Interior Conduit & Ins. C o....... 100
1938 15 Jan.
Laclede G as.................................. 100 Î 19
721« 59 Jan.
Preferred................................. ..1 0 0 t 72
22 May
Lehigh & Wilkesbarre Coal i f .........
60
Maryland Coal, p ref.................... 100 40
M ichigan-Peninsular Car C o ... 100
47 lo June
P r e fe r r e d ..................................100
45 Feb.
Minnesota Iron.............................100 Ì 50
16 Feb.
National Linseed Oil Co............ 100 t 17
8 1« 91« 7 Ju ly
National Starch Mfg. Co...........100
6>« 9
7 Feb.
N ew Central Coal. . . . . . . . . . . . . . . 100
6% Jan.
Ontario Silver M i n i n g .......... 100
7i* 10
298 Feb.
Pennsylvania Coal................... 50 300
_
50
60
Postal Telegraph—Cable 1f. . .
1®8 Jan.
Quicksilver M ining......................100
1% 3
14
15
Feb.
P referred.........................
100
15%
7% Jan.
Texas Pacific Land T ru st.. . . . . 100 Î 1058
48
Jan.
53%
U. S. E xp ress...............
....1 0 0 i 531*
î 63
64% 52% June
U. S. Leather preferred II___
80 Jau.
96
U .S . Rubber preferred.............. 100 f 95
ll0 9 July
W ells, Fargo E x p r e ss..............1 0 0 £120

35 Apr.
167% June1378 Aug.
41 AUg.
2

Mar.

154% Jau,

_

116 Apr,
90% Aug.
5 Mar..
97% Apr.
70 Apr.
9% Apr.
150 July
31 Mar.
104 Apr.
55% May
19% Aug..
73 Apr.
22% Mav
5 9 78 Feb.
52 Mar.
25 Jan.
11 Mar.
8% Mar.
12 May
315 June
3 Feb.
17% Mar.
11% Aug.
57 Jan.
68% Apr.
96% A u g 128 Jan.

NEW YORK STOCK EXCHANGE PRICES.—STA TE BONDS AUGUST 24.
SECURITIES,

SECURITIES.

Bid.

Ask.

Alabama—Class A, 4 to 5 ........1906
Class B, 5 s ......... ....................1906
Class C, 4 s ........................... ..1 9 0 6
Currency funding 4 s ......... ..1 9 2 0
¿Arkansas—6s, fund. Hoi.1899-1900
a s. Non-Holford
7s, Arkansas Central R R .............
Louisiana—7 s , cons . . . . . . . .„—x914
Stamped 4 s............
...........
New eonols. 4 s— .................1914,

102%
101
92
92
2
150
3
110
100
94%

103% Missouri—Fund.............. 1894-1895 100
North Carolina—6s, old ...........J&J
Funding a ct.................. ......... 1900
97
New bonds, J & J ......... 1892-1898
100
1
7% Chatham R R ............ .
Bneeial ta x . Class I ____ _____
1
Consolidated 4 s ........... ......... 1910
12
97
6 s ..................................... ......... 1919 124
South Carolina—4%s, 20-40.. 1933 100
6s, non-fund.................. ....... .1888
*9*7
1%

New York City Bank Statement for the week ending
August 18,1894. We omit two ciphers {00) in all cases.
BANKS.
(00s o m itte d .)
B a n k o f N e w Y o rk .
M a n h a t ta n C o...........
M e r c h a n ts ’.............
M e c h a n ic s ’.................
A m e r i c a .............. . . .
P h e n i x .........................
O lty ...............................
T ra d e s m e n ’s ..............
C h em ica l.....................
M e rc h a n ts ’ E x c h ’g e
G a lla tin N a tio n a l...
B a tc h e r s ’* D ro v ’r s
M e c h a n ic s’ & T r a d ’s
G r e e n w ic h — . . .
¿ B a th e r M a n u fa c ’r s
S e v e n th N a tio n a l...
l i a t e o f N e w Y o rk ,
t. n e r i c a n E x c h ’g e ..
J jm m e rc e ____ _____
1 ro a d w a y ...................
M e rc a n tile ..................
P a s i f i c . . . . . . . .............
R epublic......... . . . . . . .
C h a th a m .....................
k o p l e ’s ............. . . . . . .
ITn t h A m e ric a .........
» a o v e r.......... . . . . . . .
J ir r tn g .........................
J iilz e n s ’.—. . . . . . . . . .
N a s s a n ... ...................
M a r k e t* F u lto n ...
i ‘>i >e & L e a th e r ........
■lorn E x c h a n g e ........
¿ > » atin en ta l..........
J d e n t a l......... .............
h n p o r t e r s ’ & T r a d ’s
Va.'k..............................
¿ l i s t R iv e r ................
t i i r t h N a ti o n a l....
J e i t r a l N a ti o n a l....
iie s o n d N a ti o n a l....
v f ¡n th N a tio n a l........
f i r s t N a t i o n a l ......
T a ir d N a t i o n a l ........
.C Y. N a t. E x c h a n g e
4 >v e r y .. .....................
HTev Y o rk C o u n ty ..
G e rm a n -A m e ric a n ..
(ja& se N a tio n a l.........
- f if t h A v e n u e ......
G irm a n E x c h a n g e ..
C ritm a n ia ................
W a ite d S t a t e s . . . . . .
L i n c o l n . . . . . ............ .
G a rfie ld ..................
F i f t h N a tio n a l . . . . .
B a n k o f th e M e tro p
W e st S i d e ........ . . .
S e a b o a rd ..... . . . . .
ix t h N a tio n a l......
W e s t e r n N a ti o n a l..
F i r s t N a t.. B r’k ly n .
S o u th e r n N a tio n a l..;
Sfftt. U n io n B a n k ....
.l i b e r t y N a t. B a n k ..

Capital Surplus Loans.
2 ,000,0

1.989.1

2.050.0 1.981.3
2 ,000,0

2,u00,0
3.000.
1 .000 .
1, 000,0

750.0
300.0
000,0

1, 000,0

300.0
400.0
200.0
600,0
300.0

1 .200.0

5.000.
5.000.
1.000 .

1,000,0

422,7
1.500.0
450.0

200.0

700.0

1,000,0

600.0
600,0
500.0
750.0

964.3
2,060,0
2.249.5
0
447.3
0
2.890.7
153,2
7.272.2
148.1
1.602.4
265.4
410.4
108.1
531.1
112.4
498.1
2.303.6
0
3.499.2
0
1.551.8
0

1. 100.6
470.8
926,6
963.5
318.2
615.4

1.001.2

2 .100.0

332.9
378.3
286,0
780.6
255.5
1,247,2
211.4
419.2
5.460.7
3.081.4
135.5
1.966.0
502,8
672.4
369.2
7.301.0
174.7
139.0
551.6
556.4
302.4
1.162.8
1.029.5
604.1
602.5
514.8
510.9
637.2
311.0
719.2
294.5
225.3
342.4
238.2

1,200,0
500.0

667.7
279.5
103,0

1 ,000,0

1,000,0
1,000,0
300.0
1.500.0
2,000,0

250.0
3.200.0

2 ,000,0

300.0
750.0
500.0

,

1 000,0

300.0
250.0
200.0
750.0
500.0
100.0
200,0
200,0
500.0
300.0
200.0
200,0
300.0

200.0
600,0
200,0
800,0
5110.0

866.0

$

X5,030,0
13,244,6
9.434.8
9.697.0
19.479.8
4.739.0
81.594.1
2.433.0
26.538.0
3.703.2
6.487.8
1.941.3
2.152.0
1.210.0
3,013,5
1.774.4
3.214.8
22.072.0
22,136,5
6.033.8
7.838.2
1.775.2
12.507.0
5.169.8
2.305.4
5.273.9
17.690.2
2.787.0
2.534.0
1.891.8
4.844.0
3.185.0
7.874.8
4.805.2
1.832.4
22.333.0
23.606.8
1.093.1
20.479.9
8.712.0
4.338.0
3.904.1
24,510,4
8.286.2
1.325.8
2.534.0
2.964.0
2.648.5
13.312.1
5.844.4
2.580.2
2.871.4
5.413.7
5.606.2
3.821.3
1.717.0
4.524.4
2.295.0
4.439.0
1.805.6
13.778.9
4.639.0
2.487.4
8.188.8
1,405,9

T o t a l..................... K1.622-7 71.27« » 486.2»«




Specie. Legats. Deposits.
2,380,4) 4 ,8 3 0 /
2.413.0 3,077,«
1.683.6 2.732.7
1.397.0 2.729.0
1,866,9 6.334.4
525.0 1.904.0
6.832.3 7.288.6
365.4
391,7
6.728.0 6.249.0
781.3
975.1
1.225.7 1.329.9
460.4
122.3
405.0
375.0
191.0
140.6
423.8
511.9
258.4
270.4
97,2
437.2
2.372.0 4.68 9 .0
3.055.1 6.335.5
997.3
742.6
1.574.6 2.203.9
586.9 1.204.4
1.808.7 3.174.8
1.138.6 1.828.5
234.6
519.8
1.026.2 1.303.3
4.640.6 4.222.8
420.6
610.6
351.2
634.3
691,2 917.3
594.4 1 , 200,2
868.0
512.0
1.855.3 1.047.0
1,043,1 1.897.5
241,4;
424,1
4.281.0 7.514.0
5,062,5 5.601.7
151.9
129.7
4.930.8 4,188,2
363.0 7.392.0
»32,0 1.687.0
671.9
797.6
2.905.9 2.848.6
1.674.4 1.500.1
209.7
90,4
453.0
46 4 .0
329.0
783.0
572.8
558.1
4,805,3 2.888.1
878,8: 1,058,0
23?,2
527.3
492.5
454.7
889.0
1.260.7
642.6
1.613.1
515.9
770.9
235.5
349.7
7 9 4 ,O' 1.239.6
238.0
728.0
811.0
8 49.0
270,0
2 42.0
1.943.7 3.0 7 8 .4
1,043,0
647.0
7 3 5 .2
135.7
1.108.9 1 ,3 3 0 ,
480,
267.9
/ .j<?3nooR

$

18.460.0
15.769.0
12.031.7
10.349.0
23.654.1
5.731.0
31.003.7
2,510,5
32.143.0
4 .684.4
6.540.4
1.734.5
2.322.0

1,
2,

2.010.5
2.408.4
20.653.0
22.234.3
5.848.6
9.302.7
3.289.8
16,410,8
6.670.6
3.162.3
6.198.5
23.643.5
3.053.0
3,00 0 ,0
2.906.3
5.38 8 .3
4.04 3 .0
9.141.7
7.229.6
1.871.0
28.196.0
30.015.3
938,1
25,717,7
14.887.0
6.167.0
4.551.8
23.274.3
10.270.0
1.27 5 .8
2 .872.0
3 .578.0
2 .9 8 7 .3
19.343.3
6.65 7 .8
3.075.8
3 .5 7 1 .8
6 .9 6 7 .0
6.778.5
4 ,8 1 6 ,2
2.002.7
5.835.9
2 .7 8 9 .0
6 .0 3 6 .0
1.67 1 .0
13.471.5

Bid.

SECURITIES.

Ask.

Ask

Bid.

60
Tennessee—6s, old......... 1892-1898
60
6s, new b o n d s......... 1892-8-1900
60
do
new s e r ie s .............1914
Compromise, 3-4-5-6S___...1 9 1 2
70
3 s ........................................ .......1913
5
79
90
Redem ption 4 s __ . . . . . . . . . . 1907
5
do
4%s................... 1913 104
Penitentiary 4%s..................1913 104%
Virginia funded debt, 2-3S...1991 58% 59
7
2% 6s, deferred t ’st reo’ts, stam ped.
7k'

New York City, Boston and Philadelphia Banks ;
BANKS.
N . Y o r k .*
J u ly 2 1 ....
“ 2 8 ....
A u g . 4 ___
“ 1 1 ....
“ 1 8 ....
B o s to n » *
A ug. 4 ....
” 1 1 ....
“ 1 8 - ...
P h ila .*
A ug. 4 ....
“ 1 1 ....
“ 1 8 ...

Capital &
Surplus. Loans.
$
133,768,5
133,708,5
132,899,5
132,899,5
132,899,5

$
482,6 4 2 .6
481,6 3 3 ,6
432,3 0 4 .5
404,622,7
486,298,8

Specie.
91.044.8
90,642,0
90.546.9
91,052,7
91,028,4

Legáis. Deposits, t Circ’l’n Clearings,
$

1303440
1272653
1238058
1212093
1230005

$

5 8 9 ,1 0 0 ,8
584,019,1
5 8 1 .5 5 6 .0
581,036,6
5 8 4 .0 0 9 .0

$

9.980.0
9.871.0
9.812.1
9 ,784,9
9,76 1 ,4

69,351,8 173,400,0 11.143.0 10,314,0 169.346.0 7.103.0
69,351,8 174,138,0 11.466.0 10,364,0 169.381.0 7.114.0
69,351,8 173,730,0 11.258.01 9 ,176,0 168.583.0 7.092.0
35,810,3 109,134,0
35,810,3 109,120,0
35.810,3 108,781,0

M>2,1
TCI,4

117.220.0 5.119.0
3 7 .4 2 2 .0
116.9 7 0 .0 5.197.0
37.3 9 4 .0
117.884.0 5.191.0
3 8 .1 1 2 .0
T in c lu d in g t o r B u s to n a u u r i

Miscellaneous and Unlisted Bonds.—Stock Ex. prices.
M isce lla n e o u s B o n d s.

C h, J u n .& S. Y d s.—C o l.t.g ,5 s
C o lo rad o F u e l—G en . 6 s ............
Col. & H o o k . C o a l & I . —6s, g.
C o n so l’n Coal—C o n v e rt. 6 s .
C o n s.G a s C o..C hic.—1 s t g u .5 s
D e n v . C. W a t.W k s .—G en .g .5 s
D e t. G as co n . 1 s t 5 s ............. . . .
E a s t R iv e r G as 1 s t g . 5 s ..........
E d is o n E le c . 111. C o .—1 s t 5 s .
E q u i ta b l e G . & F .—1 s t 6 s . . . .
H e n d e r s o n B r id g e —1 s t g . 6 s .
H o b o k e n L a n d & I m p .—g . 5s
M ic h .-P e n in . C a r 1 s t o s, g ___
M u tu a l U n io n T e le g .—« s g . .
N o r th w e s te r n T e le g r a p h —7 s.
P e o p le ’s G a s * C . ) 1 s t g . 6 s .
Co., C h ic a g o ___ 5 2 d g. 6 s .

M is ce lla n e o u s Bonds.

103 b . P e o ria W a te r C o .—6 s, g . . . . .
P le a s. V a lle y C o al —1 s t g . 6s.
1 9 3 a. P r o c te r & G a m b le —1 s t g . 6s
S u n d a y C re e k C o al 1 s t g 0s..
'" 8 3 " b. U . 8 . C o rd a g e —1 s t c o l.g , 6 s .
U S. L e a th e r —S. f. d e b ., g .,6 s
' 5*0 a. W e s te r n U n io n T e le g .— / . .
W h e e l.L .E & P .C o a l—1st g ,5 s
U n liste d B o n d s.
108% b,
A m er. D eb. Co. col. t r . 5 s . . .
C o m s to c k T u n n e l—Xno. 4 s ..
*100 b. Geo. P a c —1 s t 6 s g. c t f 3 ....... .
2 d m o r t. I n c o m e . . . . . . .........
95 a.
C o n so l. 5 s, g. c t f s ......... ,
*110 b.
I n c o m e 5s. c t f s . . . . . . . . . . . . . .
*103 b.
M e m .* C h a r le s to n —C on. 7 g.
iÔ Ï**b. S o u th . R y . 1 s t 5 s , w h e n is s ’d

9 8 ja b .
1 12 b .
97 b .
83 b .
108 «ab.

*110 b4 ja b .
105 b .
49% b.

18jab.

88%bv

N o t e .—“ i>” i n d i c a t e s p r ic e b id; “ a ” p r ic e asked, * L a t e s t p r ic e t h i s w e e k

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

B id .

A sk .

¿ni
154
280
230
168
120
450
365
4200
425
137
200

225
155%
295
250
175

BA NK S.

G a l l a t i n . . . . . . 305
G a rfie ld .........
G e rm a n A m . 116*
G e rm a n E x . . 325
G e r m a n ia .,.. 300
G r e e n w ic h .. 150
H a n o v e r ........ 310
C h a s e .............
icio”" H u d . R iv e r .. 150
C h a th a m .......
4800 I m . * T r a d ’s ’ 545
C h e m ic a l___
.....
I r v i n g ........... 140
C it y .................
L e a th e r M fs’ 185
150
C itiz e n s ’........
L in c o ln ......... 525
C o lu m b ia ___
M a n h a t t a n .. 185*2
178
C o m m e rc e . . .
M a r k e t * F a l 210
C o n ti n e n ta l. 120
M e c h a n ic s ’ .. 177
C o m E x c h .. 282 290
M ’c h s ’ & T r s ’ 150
D e p o s it......... 25
E a s t R iv e r .. 140 165*' M e r c a n t ile .. 170
1 1 th W a r d ... 200 . . . . . . M e r c h a n ts ’. .
s E x . rio*
6.101.0 F i f t h A v e .... 2000 .. .. .. .. .. .. Mearch’t
M e tr o p o lis . . 425
2 .549.0 F i f t h ............... 200
9.197.1 F ir s t....,,........ 2500 . . . . . . M-t. M o r r is .. 160
M u r r a y H ill 200
1.672.6 F i r s t N., S . I . 118 . . . . .
162
1 4 th S t i e e t . . ___ . . .
‘2 25
» F o u r th ........ 193 195*
A m e r i c a .......
A m . E x c h ...
B o w e r y .........
B ro ad w ay ...
B u tc h s ’& D r.

A sk.

BA NK S.

N .Y . Co’n ty
N . Y .N a t. E x
N in th . ........
450*" 1 9 th W a r d ..
N. A m e r ic a .
325
550
150
210
190
225
180
165
147
120
460
167
240

B id . (A s k ..
000
125
125

P a c if ic ......
P a r k ............
P e o p le ’s ___
P h e n ix .. . . . .
P ro d u c e E x .
R e p u b l ic ....
S e a b o a r d ...
S e c o n d .........
S e v e n th ___
S h o e * L e ’th

500
110
118
130
140
230
17Ó
280
..........
118
119
155
170
300
120
108

S o u th e r n ...
S ta te o f N .Y .
T h i r d ............
T ra d e sm a n 's
U n ’d S ta te s
W e s te r n ....
W e s t S id e ..

16Ò
106 108
108 ..........
___ 90
175
110 . . . . . .
225
i* -

325
rrT ^

2*5*0**
300
300
125
124
165

120

_

328

THE CHRONICLE.

A u g u s t 25, 1894.]

BOSTON, PH IL A D E L PH IA , AND BALTIMORE STOCK EXCHANGES.
A c tiv e S to c k s .
ITIndicates unlisted.

S h a r e P r ic e s — n o t P e r C e n tu m P r ic e s .
Saturday,
Aug. 18.

M onday,
Aug. 20.

7
At eh. T. & S. Fe (Boston) .100
6®s 6i5ie 6l3ie
1% 1^8
A tlantic & Pac.
“
100]
1% l 9ie
Baltimore & Ohio (Balt.). 100
1st preferred
“
100
'..........1 1 5
2d preferred
“
100
14% 14%
BaltimoreTrao’n (P h il.).. 25
208 208
Boston & Albany (Boston). 100 2 0 8 2 0 8
1
9
3 193
..........
*192
Boston & Lowell
“
100
Boston & Maine
“
100 1 4 6 146-*« 1 4 6 1 4 7
12
13
12
12
Central of Mass.
“
100
Preferred
“
100 49% 49% * 4 8 % ..........
7 7 7s 77% 77%
Chio. Bur. & Quin. “
100 76
64% 64%
Chic. Mil. & St. P. (P h il).ICO 64% 65
Chic. & W. Mich. (Boston). 100 *17*3 2 0
Cleve. & Canton
“
100
Preferred
“
100
*70 . . .
70
Fitchburg pref.
“
100 7 0
*32% . . .
Hunt. &Br. Top. (Phila.). 50
.......... 50%
Preferred
if <
50
39
%
4
0
39% 4 0
Lehigh V alley
“
50
Maine Central (Boston). 100 '113 ........
116% 116%
Metropolitan TracYP/iii). 100
8%
8%
8% 8 %
Mexican Cent’l (Boston). 100
N.Y.&N.E.,tr.rec.§ . “
100 17% 17 78 18% 2 0
49
50
P referied.tr reo.§“
100 *48 . . . . . .
Northern Central (B all.). 50
438 4% *4% 4%
Northern Pacific (Phila.) 100
Preferred
“
100 17ie 17% *16% 17%
Old Colony....... (Boston). 100 179% 1 8 0
P en n sy lv a n ia . . . (P h ila .). 50 50% 50% 50% 50%
Philadel. & Erie.
“
50
10 %
Phila. & Beading.
“
50 1 0 10316 10
95% 95%
Philadelph. Trae.
“
50 95% 96
Summit Branch (Boston). 50
13% 14
“
100 13% 14
Union P acific__
..........2 3 3
United Cos of S .J .(P h ila.)100 ..........2 3 3
* 2 % ..........
WesternN.Y.&Pa. “
100
m is c e lla n e o u s S to c k s.
Am.Sug’r Refin. Tf(Boston)___ 108% 110% 111% 114%
99
P referred.........
“
_____
97% 97% 9 9
200 % 200 %
B ell Telephone..
“
100 201 201
26% 2 7
26%
Bost. & Montana.
“
25 26
10 % 1 0 % 10 %
B utte & B oston..
“
25 10
290 290
Calumet & H ecla
“
25 '2 9 0
85
82% 84
Canton C o ...........(B alt L I 00 *82
Consolidated Gas
“
100 67% 67% 67% 67%
46
46
46
Erie T elephone.(Boston). 100 46
44
General Electric.
“
100 42% 43% 4 3
72
73
“
100 72% 7 3
P referred ..___
*23% 25
Lamson StoreSer.
“
50 *24
51%
51%
51%
51
Lehi’h Ooal&N&v. (Phila.) 50
N. E.Telephone (Boston>.100 *67% 68% *67% 68%
4%
4%
North American (P h il.). 100
2%
West End Land.. (Boston) . . .
*2% 2 m * 2 %
asked
prices;
*
Bid
and
§ 3d instalm ent paid.

Inactive Stocks.
Prices of August 24.
Atlanta <S Charlotte (B ait.).100
Boston & Providence (Boston). 100
Camden & Atantio pf. (Phila.). 50
50
Cataw issa............................“
1st preferred.........
“
50
Sd p r e fe r r e d .......
“
50
Cantral O h i o ......... (B alt.). 50
Oaarl. Col. & A ugusta
“
100
0 jnneoticut & P ass. (Boston). 100
Connecticut R iv e r ...
¥
100
Dslaware& Bound B t .(P h ila .).100
F d n t& P ere M arq ... (Boston). 100
P referred ................
“
100
Har.Ports.Mt.Joy&L. (Phila.). 50
Kan. C’yF t.S.& M em . (Boston). 100
Preferred.....................
“ 100
L ittle S c h u y lk ill..... (Phila.). 50
Maryland C en tra l....
(Balt.) 50
Mine H ill & S. H aven (Phila.). 50
N saquehoning Val__
“
50
Northern N. H ............ (Boston). 100
North Pennsylvania. (Phila.). 50
Oregon Short L in e ...(Boston). 100
Pennsylvania & N. W. (Phila.) 50
Rutland....................... (Boston).100
100
Preferred.............. .
Seaboard & Roanoke. (Boll.) 100
1st p r e fe r r e d ........
“
100
West End............ . . . . . , ( Boston). 50
P referred............
| “
50
West Jersey.............. (Phila.). 50
West Jersey & A tlan.
H
50
Western M aryland..
(B alt.). 50
Wiim. Col. & A ugusta
“
100
Wilm ngt’n& Weldon
¥
100
Wisconsin C en tral... (Boston). 100
P referred............
“
100
Wore’st.Nash.&Roch.
“
100

MISCELLANEOUS.

Bid.

4%

50
20

52%

125
225

128

40

13

15
45

15
50
65

60
65%

230

68

54%
85
6

2
70

87
7
40
4
73

54% 54%
79
79%
.5 6 .
55
14
20

4%
118

4%

25

122

67s 5151S
1%

*73% . . .
14%
13% 14%
203
2 0 8 208
192 . . . . . . '193
147
146 1 4 7
*12
12% 13
*48
......... 51
76% 77% x 7 5
63%
63% 64%
‘ ................
22 ' ..........

6%
1%

14%
208
....
147

2
70
70
70 V
‘ 32%
32%
50%
50% 50%
38%
38% 39%
113
113 114
116%
116% 117
8%
8%
8%
27
20% 23
59
57
60
69%
4%
4%
4%
*16%
*16% 17
180
179% 180
50% 50%
50%
*19%
*19% 25
9% 1 0 ‘ie
9%
95%
95% 95%

....

....
76%
64%
25
70

32%
50%
38%
114
116%

8%

6%
1%

Friday,
Aug. 24.

6%

6%
1%
......

67s

* 1%
1%
*74
75
125 ..........
115 ..........
14% 14%
14% 14%
2 0 8 203
207 209
1Q3
193 193
148 148% 147% Í 4 8
*12
13
12% 13
*46
49
. . . . . . 50
77% 78%
76% 78%
65% 66%
64% 65%
*20
22
i........ 22
'.......... -50
'....... 2
2
71
71
70% 70%
33
33
33
50% *50% 51
*50
39% 39%
39
39
1 1 5 115
114 . . . .
118 119
117 118
8%
8 7s
8%
8 7g

*74

27%
27%
*58
59
69
69%
4%
4%
ie%
17%
1 8 0 *179%
50%
50%
*19%
25
9 is 16
97

12 % 1278 11 % 12 %
......... 233
'..........2 3 3
*2%
3
*2%
3

27 7s
59
*69
70
69
5
5%
4%
16 % 18% 18%
179% 180
180
50% 50% 50%
25
10 10i3Je 1015[g
97% 98%
97
97

12% 13
. . . . . . 233
*2%
3

..... 6
13% 14
2 3 3 233

Sales
of the
Week,
Shares.

Bange of sales in 1894.
Lowest

H i h est

3% July 23 16% M ar. 2 9
50 Aug. 9
1% Mar. 14
67% Jan. 4 81 Apr. 9
125 Jan. 17 129 Apr. 1 9
108 Jan. 31 119 M ay 12
4 ,215 13% Aug. 21 17% Apr. 9
4 2 0 198 Ju ly 2 212 Apr. 30
6 182% Jan. 10 193 Aug. 20
210 126 Jan. 15 150 Apr. 17
3 2 6 10% July 24 14% Mar. 10
5 0 46 Jan. 3 49% Aug. 1 9
3 0 ,1 8 0 70% Aug. 7 84% Mar. 21
2 0 ,6 2 0 54% Jan. 3 66% Aug. 24
10 June 7 25% Mar. 13
•45 June 6 50 Jan. 3
2% Jan. 16
2 Feb. 24
4 5 5 66% June 1 81 Feb. 7
107 29% Apr. 25 35 Jan. 10
62 47 May 7 52 J u ly 11
2 ,0 6 3 36 May 21 42% Mär. 13
23 101 Jan. 16 115 Aug. 2 4
1 ,795 x90% Jan. 6 122 Apr. 12
9% Apr. 3
5% Jan. 2
7 ,979
7 ,7 1 6 |3% May 19 27% Aug. 23‘
5 4 4 |24% Mar. 20 60 Aug. 21
7 66 July 17 69% Aug. 226% Mar. 21
3% June 23
3 ,4 5 5
4 0 4 12% June 25 23% Mar. 31
168 170% Jan. 2 180 Ju n e 11
3,198 48 Jan. 5 52% Apr. 7
21% Jan. 20 28% Feb. 1
7% May 21 11% Mar. 12
5 7 ,4 7 5
9 ,5 2 7 t83% July 2 115% Apr. 11
7% Miar. 5
4% May 24
6% July 30 22% Mar. 31
2,763
227% Mar. 21 234 June 19
2% Aug. 13>
% Ju ly 17

1 0 .1 9 4
1,965

3 9 ,4 2 9 75% Jan. 24 114% Aug. 21
113% 1 1 4 78 112% 114% 113% 114% 1 1 2 78 1 1 4
2,467 79 Jan. 3 100 Aug. 2
99%
100 100» 99% 9 9 7e 100 100 2 90 90 % 201
209 163 Feb. 26 204 J u n e 2 l
200 201
200 201
200 2 0 L
3 ,6 4 6 22 July 21 29 Apr. 3
2
7
27%
27%
27% 27% 2 7
27% 28
7% July 23 11% Apr. 5
2 ,298
10 % 10% 10%
10% 10^i ! 10 % 1 0 % 10
rOQK
4 265 June 22 302 Jan. 19
2 9 0 295
290 290
290
85% 85%
6 0 5 66 Jan. 18 85% Aug. 28
85% 85% *85 ; . . . .
84% "8*5%
1 ,0 5 6 53% Jan. 3 67% Aug. 2 l
67% 67%
67% 67% *.......... 67
67% 675|
355 42 Feb. 21 48 June 1
47% 47%
45% 46
45% 45% *46
42%
43%
5,208 30% Jan. 3 45% Mar. 6
42% 42% 42%
42
43% 43%
317 56 Jan. 4 75 Mar. 8
73
72
72% *72
72% 7 3
72% 73
26 Apr. 8
24V
24
260 12% Jan.
*23% 25
24
24
24
24%
862 50 May 23 55 Mar. 1 7
51% 52
52
52
51% 51%
51
51%
68 Aug. 11
49
Feb.
28
10
*67
68
68
67% *67
67
*67
68
5% Mar. 1 4
2% June 27
410
4% 4%
4%
4%
4%
4%
12% Mar. 29il%
J
u
ly
3
*2 %
2%
875
2%
2%
2% 2 %
2%
2%

+ E x fig h ts.

no sale w as made.

Bid.

B onds,

Ask.

72%
At.Top.& 8.F.100-yr.4g.,1989, J&J
24%
2d2%-4s, g., Class A .. 1989, A&O
83%
Boston United Gas 1st 5s................
62
2d mort. 5s............................1 9 3 9
116
Burl. & Mo. River E xem pt 6s, J&J
106%
Non-exempt 6s....... ..1 9 1 8 , J&J
91
Plain 4 s .......................... 1910, J&J
102 %
Chic. Burl. & Nor. 1 st 5,1926, A&O
100
%
2d mort. 6 s . . . . . . .....1 9 1 8 , J&D
Debenture 6 s . . . ......... 1896, J&D § 9 9 % 1 0 1
Chio. Burl.& Quincy 4 s ..1922, F&A
Iow a D ivision 4 s ....... 1919, A&O
Chie.&W.Mich. gen. 5s, 1921, J&D
Consol, o f Vermont, 58.1913, J&J
Current River, 1st, 5 s ..1927, A&O
85
D et. Lans.&Nor’n M. 78.1907, J&J
122
Eastern 1st mort 6 g.!906,M & S ..
126
Iree.E lk . &M. V .,lst, 6S.1933, A&O
Unstamped 1st, 6 s . . . . 1933, A&O
K.C.C.&Spring.,1st,5g.,1925,A&O
K C. F.S.& M . con. 6s, 1928, M&N
K.C. Mem. & Bir.,1st,5s,1927, M&S
K.
C. St. Jo. & C. B ., 7 s ..1907, J&J
L. Rock & Ft. 8., 1st, 7 s .. 1905, J&J
Louis.,Ev.&St.L.,1st,6g .l9 2 6 , A&O
2m ., 5—6 g . . . . . . „ . . . .1936, A&O
Mar. H . & Out., 6 s....... 1925, A&O
M exican C entral,4 g . . . 1911, J&J
1st oonsol.incom es, 2 g, non-cum.
2d consol, incom es. 3s, non-cum.
N. Y. & N.Eng,, 1 st, 78,1905, J&J* *113
1st mort. 6 s .. . . . . . . . . . 1 9 0 5 , J&J *108
2d mort. 6 s ....... ......1 9 0 2 , F&A *102
Ogden. & L .C .,C on.6s...1920,A&O §102
Inc. 6 s ....................................... 1920
RU tland, 1 st,6 s ...........1 9 0 2 ,M&N
2d, 5 s . , . . . . . . . . . . . . . . . 1 8 9 8 , F&A

Pa. & N. Y. Ca., con. 5s.19.39, A&O
Perkiomen, 1st ser., 5 s .1918, Q—J
Phila. & Erie gen. M. 5g.,1920, A&O
Gen. m o rt.,4 g . . . . . . . 1920, A&O
Phila & Read, new 4 g., 1958, J&J
1st pref. incom e, 5 g, 1958, Feb 1
2d pref. incom e, 5 g, 1958, Féb. 1
3d pref. incom e, 5 g, 1958,Feb. 1
2d, 7 s.............................1933, A&O
Consol, m ort. 7 s ......... 1911, J&D
Consol, mort. 6 g ......... 1911, J&D

ImprovementM. 6 g., 1897, A&O
Con.M.,5 g.,stamped,1922. M&N
Terminal 5s, g......1941, Q.—F.

Bid. Ask.
u u “1
116%
101%
79%
37
25%
21%
119%
126%

103
79%
37%
26
21%

120
106% 108
100 101
........*

Warren &Frank.,1st,7s,1896,F&A

in

§ And accrued interest,

i Old certs. 0

Phil. Read. & N. E. 4 s ............ 1942
Incom es, series a ......... .....1 9 5 2
Incom es, series B . . . . . . . . . . . 1952
Phil. Wilm. & Balt., 4 s. 1917, A&O ib i% 102%
Pitts. C. & St. L„ 7 s . . . .1900, F&A 113%
Schuyl.R.E.Side,lst 5 g.1935, J&D 109%
8teuben.&Ind.,lstm.,5s.l914, J&J 107%
United N. J ., 6 g ............ 1894, A&O 102

B o n d s ,—B a ltim o r e .
Atlanta &Chari., 1st 7s, 1907, J&J
Incom e 6 s .. . . . . . . . . . . 1 9 0 0 , A&O
Baltimore B elt, 1st, 5 s. 1990, M&N
Baltimore & Ohio 4 g ., 1935, A&O
P itts. & Gonn., 5 g ...l 9 2 5 , F&A
Staten Island, 2d, 5 g.1926, J&J
Bal.&Ohio 8.W .,lst,4% g.l990, J&J
CapeF.&Yad.,Ser.A.,6g.l916, J&D
Series B ., 6 g . . . ........... 1916, J&D
Series C., 6 g .. . . ......1 9 1 6 , J&D
Cent. Ohio, 4% g . .......1 9 3 0 , M&S
Chari. Col.&Aug. 1st 7 s .1895, J&J
Ga.Car. &Nor. 1st 5 g .,1 9 2 9 , J&J
North. Cent. 6 s . . . . . . ....1 9 0 0 , J&J
6 s ... . . . . . . . . . . . . . . . . . . . 1 9 0 4 , J&J
Bonds.—Philadelihta,
Series A , 5 s . . . . . . ........ 1926, J&J
A llegheny V al.,7 3-108,1896, J&J 105
4% s................................ 1925, A&O
A tlantic City 1st 5s, g., 1919, M&N
Piedm
.& C um .,let, 5 g.1911, F&A
Belvidere D el., 1st, 6 s ..1 902, J &D
P itts. & ConneÚs. I s t 7 s .l8 9 8 , J&J
Catawissa, M., 7 s ......... 1900, F&A
Virginia
Mid., 1st 6 s .-.1906, M&S
■ 118
Clearfield &Jen., 1st, 6 s .1927, J&J
2d Series, 6 s . . . ............. 1911 M&S
Connecting, 6 s ......1 9 0 0 - 0 4 , M&S
3d
Series,
6 s ....... .....1 9 1 6 , M&S
D el. & B'd Br’k, 1st, 7 s .1905, F&A 125 Í2 7 ,
4th Series, 3 -4 -5 s .....1921, M&S
Easton & Am. lstM .,5s.l920,M & N 108%
5th
Series,
5 s .. . ......1 9 2 6 . M&S
Elmir. &Wilm., 1st, 6 s .l9 1 0 , J&J. 116%
H unt. & BFd Top,C on.5s.’95,A&O 101 % 102 % West Va C. & P . 1st, 6 g .1 9 1 1 , J &J
Weptfl.N.C. Consol. 6 g.1914, J&J
Lehigh Nav. 4% s.......1 9 1 4 , Q—J 110 %
Wilm. Col. & A ug., 6 s .. 1910, J&D
2d 6 s,g o ld ....................1897, J&D 107%
MISCELLANEOUS.
General m ort. 4%s, g .l9 2 4 ,Q —F 104
Baltimore—City H all 6s .1900, Q—J
Lehigh Val.Coal 1st 5s,g. 1933, J&J
.....1 9 0 0 , i
Funding 6s..;.
Lehigh V alley, 1st 6 s ...1898, J&D
2d 7 s.............................. 1910, M&S 130
Water
5
s
.............1 9 1 6 , M&N
Consol. 6 ....................... 1923, J&D ( 121%
North Penn. 1 st, 7 s . . . . 1896, M&N] 107 107% Funding 5 s . . . . .......1 9 1 6 , M&N
E xchange 3% s........1 9 3 0 , J&J
Gen. M. 7 s....... ,.....„ ..1 9 0 3 , J&J 123
Virginia (State) 3 s, n ew .1932, J&J
Pennsylvania g e n .6 s,r .,1 9 1 0 , Vari 130%
C h esapeaikeG a3,68.....1900, J&D
Consol. 6s, o
............ 1905, Var ......... 121
Consol. Gas, 6 s .. . . . . . . . . 1 9 1 0 , J&D
Consol. 5s, r . , . . . . . . . . . . 1 9 1 9 , Var 112%
5 s ....................................1939, J&J
Collat. Tr. 4% g ...........1913, J&I>! ..........
Pa. & N. Y. C a n a l.7 s...1906.,TAT> 125 126%

•50
Allouez M ing,asstpd (Boston). 25 •35
1
Atlantic M ining.........
“
25
1%
City Passenger R R ... (B alt.). 25 58% 59
9%
9%
Bay State Gas.............(Boston). 50
3% 4%
Boston Land.........
“
10
Centennial M in in g...
“
10
% 1
87
Electric Traction___(Phila.). 50
Do
tr.rcts. $30 pd. “
t>8
3%
3
Fort Wayne E lectric t (Boston). 25
10 %
Franklin M in in g .....
••
25 10
2
1
Frenchm’n’sB a y L ’nd
“
5
52
Illinois S t e e l .............
“
100 51
7%
Kearsarge M in in g ....
“
25
7
82
Morris Canal guar. 4 . (PAiia.). 100
Preferred guar. 10“
100
23% 2 4
Osceola M ining...........(Boston). 25
Pullman Palace Car..
“
100 1 6 4 165
95
Quincy M in in g .......
*f
25 9 4
tam arack M in in g ....
“
25 1 6 5 1 6 8
67%
U nited Gas Im pt.
(P h il. ) . . . . . . .
67
1
Water P o w e r . . ....... (Boston). 100
1%
W estin g.E leo.lstp .(Boston). 50 51
£2
Assenting
“
.5 0
'6
35
* P ilee includes overdue coupons,
li Unlisted,




6%

W ednesday, Thursday,
Aug. 22
Aug. 23.

Inactive stocks>
Bonds—Boston,

Ask.

90% 95
255 2 6 0
29

Tuesday,
Aug. 2 i .

t Last price th is week,

x eX'rights,

117% 118%.
103 104%
103 104
102%
96
107
67
64
64
102
101%
85%
111
114
112

io o

95
109%
116%
116%
110%
80
102
104
103%
114

TU
110
.........

111

112

70
66
70
102%.
86%
120

______ „

104%
109
115%

112
120

114
121
122
102% 1 0 2 78
71% 72%
107
114% l l Ï 5
103% 104%

111

.............»

THE CHRONICLE,

324

[V o l . L l X l

NEW YORK STOCK EXCHANGE PRICES (Continued )-A O T IV E BONDS AUG. 2 4 AND FOB YEAR 1894.
Closing Bange (sales) in 1894.
Closing Range (sales) in 1894.
P rice ------------------ ;---- ;-------- R a i l r o a d a n d M i s o e l . B o n d s . Inter't
Aug.
24
Period
Lowest.
Highest.
Aug.
24
Lowest.
Highest.
Period
Mo.
Pac.
(Con.)—3d,
7
s
.
.
.
1906
106
b
M
&
N
103
Jan.
114
a.
112
Apr.
115
July
111 Feb.
Amer. Cotton Oil, deb., 8 g .l9 0 0 Q - F
Pac. of Mo.—1st, ex., 4 g.1938 F & A 98*2 a. 95 Jan. L00% May
67 Jan. 77% June
At.Top.& S.F.—100-yr.,4g.l989 J & J 73^4
.............
1938
2d
extended
5
s
105*sb.
J
&
J
99
J
an.
20 July 38*2 Mar.
L06*2 Apr.
2d 3-4s, g., Cl. “A”......... .1989 A & O 25%
St.L. & Ir. M t.lst ext., 5s. 1897 F & A 100*2b. L00*2 Feb. L0338 May
32*2 Mar.
18*2 July
Col.Midland—Cons., 4 g.1940 F & A 24
2d, 7 g .....................
1897 M & N 105 b. L02 Jan. L09 Apr.
46
41*2 June 53*4 Apr.
A tl. & Pac.—Guar., 4 g — 1937
Cairo Ark. & Texas,7 g.1897 J & D 100 b. 97 Mar. 10338 May
3%
6*4 Mar.
2*4 July
W. D. incom e, 6s.............. 1910 J & J
Gen.R’y & land g r.,5 g .l9 3 1 A & O 78%
71 Jan.
81 Apr.
Brooklyn E lev.—1st, 6 g ..l9 2 4 A & O 97 b. 90 July 107 Jan. Mobile
& Ohio—New, 6 g. .1927 J & D *113 b. 111*2 Jan. L17% May
82 June 99*4 Apr.
Union E levated.—6 g — 1937 M & N 92
General
mortgage, 4 s ---- 1938 M & S 65*2
'1097sa.
65*2 Aug.
5 7 78 Jan.
105*2 Jan. 111*2 June
Canada Southern.—1st 5s 1908 J & J
Ch. & St. L.—1st, 7s. 1913 J & J *128 b. L25*2 Jan. 130 May
2d, 5 s ................................... 1913 M & S lOôSgb. 102 Jan. 106 July Nash.
Consol., 5 g ...........- ..........1928 A & O 101 %a. 98 Jan. L02 Jan.
' 50 b. 32 Jan. 52 Aug.
C ent.G a.-S.& W .lstcon.5s.l929
95 b. 88 Jan. 95 Aug.
112*2 Jan. 115*2 June Nat’lS tarch M fg—1 s t ,6 s.l9 2 0 M & N
Central of N. J.—C on s.,7s.l899 Q - J
Central—Deb. ext. 4 s .1905 M & N 103*2b. 101*2 Jan. 104% Apr.
Consol., 7 s ..........................1902 M & N 123 b. 121 Feb. 124 Apr. N.Y.
1st, cou p on ,7s............ ,..1 9 0 3 J & J 126
123 Jan. L28*2 June
110*2 Jan. 117*2 Aug.
G eneral mortgage, 5 g .. .1987 J & J 117
Deben., 5s, coup., 1884..1904 M & S 109 b. 107 Jan. 110 Feb.
105 Jan. 111 May
Leh.&W.B.,con., 7s, as’d . 1900 Í—M 109
N. Y. & Harlem, 7s, reg.1900 M & N 118*2b. 116% Jan. 120*4 Apr.
& N 101 a. 100 Feb. 103*8 Mar.
“
m o rtgage5s.l912
R.W. & Ogd„ consol., 5s. 1922 A & O 116*2 113% Jan. 117 May
108*2 Jan. 113*4 Aug.
Am. Dock & Imp., 5 s---- 1921 J & J 113
Shore, guar., 4 s — 2361 J & J 103 78 100*2 Jan. 105% June
Central Pacific.—Gold, 6s. 1898 J & J 104 b. 102 July 107% Apr. N.WY.est
Chic. & St. L.—4 g . ..1937 A & 0 101*4
118
%b.
97*4 Jan. 101*4 Aug.
115*2 Jan. 119% Mar.
Ches. & Ohio.—Mort., 6 g-1911 A & O
Y. Elevated—7 s ............ 1906 J & J 110 *4b. 108% July 113 June
1 st consol., 5 g ................ 1939 M & N 106 b. 101% Jan. 106% Apr. N.
70% June 77*2 Apr. N. Y. Lack. & W —1st, 6s. 1921 J & J *132 b. 127*2 J a n .' 134 June
G eneral 4*28, g ................. 1992 M & S 763s
Construction, 5 s...............1923 F & A *113*8b. 110 Feb. 113% May
R. & A. Div., lstco n .,4 g ,1 9 8 9 J & J 90*48. 84 Jan. 9238 May N.Y.L.E.&W.—1st,con.,7g.
1920 M & S *134*4b. 131*2 Jan. 137 Apr.
“
2d co n .,4 g .l9 8 9 j & J 83 a. 78*8 Jan. 88 Mar.
2d consol., 6 g .................. 1969 J & D f 76*2 t7 0 May 86 Mar.
Eliz. L ex.& B igS an .--5g.l902 M & S 1 0 0 5 8 b . 96 Jan. 100*2 Feb.
Long
Dock,
consol.,
6s,g.
1935
Chic. Burl. & Q.—Con., 7s. 1903 J & J 12038b. 119 Jan. 123*4 June N. Y. Ont. &W.—Ref. 4 s ,g .l9 9 2 A & O *128 *2b. 125 Apr. 129 May
99
M & S 88
88 Aug;
82*4 Jan.
97 Feb. 102 Apr.
Debenture, 5s................... 1913 M & N
Consol., 1st, 5s, g ............ 1939 J & D 110*4 107 Jan. 110% May
Convertible 5 s ................. 1903 M & S 103*ab. 101*2 Jan. 105 Apr. N.Y.Sus.&W.—lstr
e f.,5 sg .l9 3 7 J & J 105 a. 103 July 107*2 Apr.
Denver D ivision 4 s . . ___1922 F & A 92 b. 90*8 Feb. 94% Apr.
Midland of N. J., 6s, g ...l 9 1 0 A & O 117 b. 115*4 Apr. 118 Aug.
Nebraska Extension, 4 s. 1927 M & N 88 %b. 85*2 Jan. 92*2 Apr. Norf.&W.—100-year,
5 s,g .l9 9 0 J & J 67 b. 74*2 Apr. 74*2 Apr.
H an .& S t.Jos.-C on s.,6s.l911 M & S 1197ab. 115*4 Jan. 11978 Aug.
Md.
&Wash. D iv.—1st,5 g.1941 J & J * 85 a. 78*2 Apr. 81 Aj>r.
Chic. & E. 111.—1st, s. f.,6 S .1907 J & D 115 b. 111*2 Jan. 118 May No. Pacific—1st,
coup., 6 g.1921 J & J 112
105 %Jan. 114*2 Mar.
Consol., 6 g ........................1934 A & O 121 b. 118*2 Jan. 123 June
General, 2d, coup., 6 g . 1933 A & O 82*2
7138 July 89% Mar.
97 May 101 78 Apr.
General consol., 1st, 5 s.. 1937 M & N 99*2
General, 3d, coup., 6 g ..l9 3 7 J & D 58
46*2 July 64*2 Apr.
91*2 June 100*2 Apr.
Chicago & Erie.—1st., 5 g.1982 M & N 95
Consol, mortgage, 5 g ...l 9 8 9 J & D 29*2
22*4 Aug. 34*2 Mar.
Income, 5 s ........................1982 Oct - 29 %b. 27*2 July 35*8 Apr.
Col. trust gold notes, 6s. 1898 M & N 76 b. 75 Aug. 76 Aug.
J 88 a. 82 Apr. 89% June
Chic. Gas L. &C.—1st, 5 g . . 1937
Chic. & N. Pac., 1st, 5 g.1940 A & 0 1 45% f4 0 June 48% Apr.
126*4b. 126 Feb. 130*2 Apr.
&
Chic. Mil. & St. P.—Con. 7 s . 1905
Seat. L. S. & E., 1st, gu.6.1931 F & A t 60 a. t4 0 Jan.
iT27*2l>. 112 Jan. 116*2 May
55 Apr.
&
1st, Southwest D iv., 6s. .1909
No.
Pacific & Mont.—6 g.,1 9 3 8 M & S 31 b. 25 July 38 *2 Mar.
114 b. 111% Jan. 117% June
&
1st, So. Minn. D iv., 6 s ... 1910
93 July 101% May
109*4 107 Jan. 111*2 June No. Pacific Ter. Co.—6 g. ..1938 J & J 95
&
1st, Ch. & Pac. W.Div. ,5 s . 1921
101*2 Jan. 10S*8 June Ohio & Miss.—Con. s. f., 7S.1898 J & J 108 b. 106 Jan. 112 June
&
Chic. & Mo. Riv. D iv., 5s. 1926
Consol,, 7 s ......................1 8 9 8 J & J 108 b. L06 Jan. 11178 June
106 %b. 104 Jan. 109 May
&
Wise. & Miijn., Div., 5 g.1921
107*ab, 105 July 109*2 June Ohio Southern—1st, 6 g . . . 1921 J & D 92*2b. 88 Aug. 97 Mar.
&
Terminal, 5 g .................... 1914
General mortgage, 4 g ...l9 2 1 M & N 45
90%
35 July 48*2 Jan.
Ik
89% Aug. 92*8 June
Gen. M., A g., series A . ..1989
J & J t 46*2a. 42 Feb. 50 Apr.
& D 91 a, 112*2 Jan. 118 Apr. Omaha & St. Louis—4 g . .
Mil. & Nor.—1st, con., 6S.1913
J & D 103
92*2 Jan. 103 Apr.
Ohio. & N . W.—C onsol.,7s.l915 Q - F 140 b. 138 Jan. 141 Mar.
A & O 59*2
46 Jan. 60 Mar.
Coupon, gold, 7 s ...............1902 J & D 12 1 *4b, 121 July 127 May
J & J 106*8b. 101 June 108% Mar.
Sinking fund, 6 s ...............1929 A & O 115 b. 116 Jan. 121 Apr. Ore. R.& Nav.Co.—1st, 6 ¡
J & D 70%b. 60 Jan. 74 Apr.
Sinking fund, 5 s ...............1929 A & O l l l i f i b 107*2 May 112 Mar.
Sinking fund, deben., 5 s .1933 M & N 111 I) 106*4 Jan. 112*2 Apr. Penn. Co.—4*2 g., coupon. 1921 J & J 110 % 106 Jan. 113*4 May
J & J 95
74 Jan. 95 Aug.
25-year debenture, 5 s . . . 1909 M & N 106*4 104 Jan. 109 Apr. Peo. Dec. & Evansv. -6 g
M & S 93 b. 74 Mar. 90 Aug.
E xtension, 4 s ................... 1926 F & A 98 b, 97 Jan. 100 Apr.
M&N
27
19 Jan.
28*4 Apr.
Chic. Peo. & St. Louis—5 g. 1928 M & S 97 a
J & J 79*2
80 Aug.
67*2 Jan.
& J 125 b 123 Jan. 129 Apr.
Ohic.R.I.&Pac.—6s., cou p .1917
37
27 June 39*8 Mar.
& J 101 b 97*4 Jan. 104 Apr.
E xtension and col., 5 s .. .1934
26
18% May 27% Mar.
30-year d eb en tu re ,5 s...1921 M& S 913s
90*2 June 95 Feb.
213s
13*2 May 2 1 78 Mar.
Chic. St. P. M. & O —6 s ....1930 J & D 124% 119*2 Jan, 127*2 May
84
a.
J
&
J
70
b
84
Jan.
80% Mar. 88 Apr.
70
Mar,
&
J
Cleveland & Canton.—5 s .. 1917
Rich. &JDanv.J & J 117*2a. 106*2 Jan. 118% June
C. C. C. & I.—Consol., 7 g.1914 J & D 128 b.
A & O t 84% t65 Jan. 184 %Aug.
General consol., 6 g .-----1934 J & J 118 b. 117 Jan. 120 Mar.
F & A t 66*4 t4 0 Jan. 166% Aug.
O.C.C.& St.L.—Peo.&E.,4s. 1940 A & O 70 b. 69 Aug. 84*2 Apr.
M & S 1 32% 118 Jan. 132*2 Aug.
20
a.
20
Apr.
April.
15
Jan.
Income, 4 s ......................... 1990
J & J 67*2
62 July 71 Apr.
95 Jan. 100 May
Col. Coal & Iron.—6 g ....... 1900 F & A
St.
Jo.
&
Gr.
IslandM
&N
66 b. 61% June 69*4 Apr.
93
93
Aug.
M
&
S
8 I 78 May
Col.H.Val.&Tol.—Con.,5 g.1931
M & N l l l * 2b. 101 Jan. 113 Apr.
85*2 Aug. 92*2 Feb. 8t. L. & San Fr .—6 g.
General, 6 g ....................... 1904 J & D 92*2
6 ...C la ss C— . . .
M & N l l l * 2b. 101 Jan. 113 Apr.
D enver & Rio Gr.—1st, 7 g.1900 M & N 115 b. 113 May 115 Aug.
J & J 93 b. 82 Jan. 98 Apr.
71 July 7938 Aug.
1 st consol., 4 g .................. 1936 J & J 79
M&N
60
53 July 62*8 Apr.
55
a.
50
Jan.
Jan.
J
&
J
50
D et. B. City & Alpena—6 g.1913
2d, 4s, g.,
J & J 20
14 Aug. 20*4 Apr.
Det. Mac. & M.—Ld.grants.1911 A & O 24 %b. 22 Aug. 27*2 Apr.
.......
.
>M&
N
98*2b.
102
Apr.
J
&
J
115*2
Jan. 121 Apr.
93
Feb.
Dul. So. Sh. & A tl.—5 g .. .1937
ÎJ & J 118
115 Jan. 122 Mar.
86*2 Jan. 103*2 Aug.
E. Tenn.V. &Ga.—Con., 5g.l9 5 6 M& N 103*2
reduced
to
4*2
g.
J
&
J
100
b.
109
b.
96
Jan.
110
Juñe
97*2 Jan. 102*8 June
K noxville & Ohio, 6 g ___1925 J & J
J & D V 85 £h> 84 Jan.
89*2 Apr.
66 Jan.
7 9 78 Apr.
F t. W. & D env. City.—6 g . . 1921 J & D 74
i
j
&
J
*
91
b.
92%
Aug.
M&
N
56*4
May
90
50*2 Jan. 59% Apr.
Gal.H.&SanAn.-M .&P.D.lst,5g
94 Aug. South Carolina—1st, 6 g.
105 Feb. 110 Feb.
68 Jan.
Gen. Electric* deb. 5s, g . . .1922 J & D 94
>J & J
94% Jan.
88 July
H ous.& T. Cent., gen. 4s, g . 1921 A & O 63 b. 60 Jan. 66 Mar.
A & O 107 *2b. 104 July 108*2 Mar.
Illinois Central.—4 g .........1952 A & O *103 b. 100 Feb. 102*4 June
A
&
O
116
Apr.
M
&
N
85*2 May 98 Apr.
112*8 109*2 Aug.
Int. & GreatNor.—1st, 6 g.1919
J & J 95 b. 94% July 98*2 Apr.
60 June 68*2 Apr. So. Pacific, Ñ. M.—6 g ---2d 4-5s.................................1909 M & S 67*2
Tenn.C.
I.
&Ry.—Ten.D.,1
?
A
&
0
90
b.
75 Jan.
85*2 Apr.
95
Apr.
86 Jan.
Iow a Central.—1st, 5 g ___1938 J & D
Birmingham D iv., 6 g ..
r j & j * 83*2b. 77 Jan.
87 Apr.
Kings Co. E lev.—1st, 5 g. .1925 J & J 76 a. 79 Jan. 85 Apr.
Texas
&
Pacific—1st,
5
g.
J
&
D
86% Aug.
72%
Jan.
89
89
Apr.
86%
81 Jan.
Lacfede Gas.—1st., 5 g — 1919 Q - F
March
27*2 Aug.
17*2 Jan.
27*4
Lake Erie & W est.—5 g__ 1937 J & J 113*2b. 110*2 Jan. 115*2 Apr.
Tol.
Ann
Ar.
&
N.
M
.—6
g
M
&
B
75
b.
55^
Mar.
78*2
Aug.
L. Shore.—Con. cp., 1st, 7 s. 1900 J & J 118 b. 118 Jan. 121*4 May
>J & J 104 b. 103*2 July 108 May
Consol, coup., 2d, 7s....... 1903 J & D 122 *2b. 122 Jan. 125*2 May Toledo & Ohio Cent.—5 g
Toledo
Peo.
&
West.—4
g
J
&
J
*
68
b.
68
July
84*2 Mar.
Long Island.—1st con., 5 g.1931 Q - J *115 b. 113 Jan. 116 May
J & D * 55 b. 155*2 Aug, t6 4 Apr.
General m ortgage, 4 g. .1938 J & D 98*2a. 935s Feb. 99 78 May Toi. St. L. & Kan. C.—6 g.
1 J & J 107*2 103*4 June I l l Apr.
Louis. & Nash. Cons., 7 s .1898 A & O I l l b. 109*4 Apr. 113*2 Mar. Union Pacific —6 g ............
M & f
98
90 June 103 Feb.
N.O. & Mobile, 1st, 6 g ..l9 3 0 J & J 114*8b. 112*2 Jân. 117*2 June
ÏM & Ü
40 b. 40 May 49 Jan.
«
H
2d, 6 g .. 1930 J & J *105 b. 97 Jan. 104 Apr.
1 F & A 89 b. 82 Jan. 92*2 Apr.
General, 6 g .......................1930 J & D 113 b. 109*2 Jan. 116 Mar.
M & IS 105 *2b. 101 Jan. 109 May
Unified, 4 g ........................ 1940 J & J 77 b. 71 July 77% Aug.
) M& S
72 June 97 Mar.
86
Nash. F1.& S h .-lst,gtd .,5 g.’37 F & A * 87 b. 76 Feb. 91*2 Aug.
Oregon
Short
Line
—6
g
2
F & A * 86%b. 75 Jan.
9 2 78 Mar.
82 Jan. 85 May
Kentucky Central.—4 g .1987 J & J 82
Or.S.L.&Ut’hN.—Con.oj
llA & 0
48
40 July 56*2 Apr.
Louis. N. A. & Ch.—1st.,68.1910 J & J 107 b. 108 Jan. 113*2 Mar.
U.P.Den.&Gulf.con., 5 ¡
J & D 39 b 31*2 June 48% Apr.
83 June 100 Mar.
Consol., 6 g ........................1916 A & O 96*4
t j & J * 83 b 70 May 87*2 June
55 July 61 Apr.
Louis. St. L. & Texas.—6 g.1917 F & A
3M&Ï
70 Jan. 93*4 Aug.
93*4
Metro. Elevated.—1st, 6 g.1908 J & J 118*2b. 116 Jan. 121*2 June
“
“
stam ped guar. M& Ï
93 b 72 Jan. 93 Aug.
2d, 6 s .................................. 1899 M & N 109 b. 107 Jan. 111 Apr.
Wabash—1st,
5
g
................
193i
ÎM & Í 104% 102 Jan. 107*2 Apr.
Mich. Cent.—1st, cons., 7 s . 1902 M & N 122 *2a. 119% May 124*2 Mar.
ï F & A 71 b 66 Aug. 79 Apr.
Consol., 5 s .........................1902 M & N *107 b. 106 Mar. 107 May
J J & « 26 a 21 Mar. 2 8 7s Apr
Mil. LakeSh. &W.—1 st, 6 g.1921 M & N 126*2b. 124 Jan. 130 Apr.
7 J & , * 99 b 97 July 101 % May
105% Feb. 110*2 July West. N. Y. & Pa.Exten. & Imp., 5 g.......... 1929 F & A 108
7 A & C 1 24*2
18*2 Feb. 124*2 Aug
76 July 83*4 Mar.
Mo. K. & E.—1 st 5s, g., gu.1942 A & O 79%
3 J & , *107 b 103 Jan. 109 June
M. K. & Texas.—1st, 4s, g.1990 J & D 7934b. 77% Aug. 83*8 Apr.
7J & ,
50*2 Aug. 76% Mar.
38 June 48*8 Apr.
56*2
2d, 4s, g ..............................1990 F & A 45
7 .......... * 11 a
8 Aug. 18 Feb.
96 a. 87 Jan. 101 % Apr.
Mo. Pac.—1st, con., 6 g ___1920 M & N
N ote .—“b” indicates price bid ; “a” price ashed ; the range is m ade up from actual sales only. * Latest price th is week, t Trust receipts.

R ailroad

and

M i s c e l . b o n d s . Inter't

NEW YORK STOCK EXCHANGE PRICES—{Continued).—IZYAC2TFJE? BONDS—AUGUST 2 4 .
SECURITIES.

Railroad Bonds.
(Stock, Exchange Prices.)

Alabama Mid.—1st, gy guar.. 1928

A. T. & S. F —2d, 4s, Class B .1989
Ool. Mid. 1st, g., 6 s................1936
A tlantic & Danv.—1st g., 6 s ..1917
AtL A P ac.—2d W. D., gu. 6s,. 1907
Balt. A Ohio—1st, 6s, Park B.1919
H , g o l d . . . . . . . ■■■■■■— ......1 9 2 5




Bid. Ask.

SECURITIES.

Bid. Ask.

B. & 0.—Dons, m ort., go ld ,5 s.l9 8 8
W. Ya. & P itts.—1st, g., 5 s.. 1990
......
B. & O. S. W., 1st, g., 4 * ss...l9 9 0 *106"
Monon.
River,
1st
g.,g.
5
s
...1
9
1
9
87*2
Oent’lO hio Reor.—1st, 4*28.1930 105
Ak.& Ch. Juno.—Ist,g,5s,gu .l930
75*2
Bost. H. Tun. & W —Deb. 5S.1913 *102
67
Brooklyn Elevated—2d, 5 s ... 1915 65
Brunswick & W’n—1st, g. 4s, 1938
^118*2
Bufi. Ro h.& P itts.—Gen., 58.1937 98 iq o
115

SECURITIES.
B.R.&P.—Roch, i P ., 1st, 68.1921
Roch. & P itts.—Cons. 1st, 6s. 1922
Burl Ced. Rap. & No.—1st, 58.1906
Consol. & collât, trust, 5 s ...1934
Minn. & St. L.—1st, 7s, g u ..l9 2 7
Iow a C. & W est.—1st, 7 s
1909
Ced. Rap. I. F. A N ., 1st, 6S.1920
1st, 5 s . . . . . . . .......................1921
G.Ohio—Col. & O n. M. 1st,4*28.1939,
Pent. RR. A J-ank.—CoL g ,5 s .1937

Bid.

Ask.

123
118 121
107*2 110
98
7W
1_
115
100
_
100
90
95
92

£25

THE CHRONICLE,

A u g u s t 25, 1894. |

NEW YORK STOCK EXCHANGE PRICES.—IN AC TIVE BONDS—iContinued)—A U G USI 91.
Bid.

SECURITIES.

Ask

Bid.

SECURITIES.

Ask.

SECURITIES.

Bid.

Ask.

.

Northern Paciflo—(Continued.)
E.AT.H.—Sul. C o.B r.lst,g.,58.1930
Cent, of N. J.—Conv. deb., 6s. 1908
H elena ARedM’n—lst,g ., 6s. 1937
Ev. ARich.—1st gen .5 s,g .g u .l9 3 l
Centra! Pacific—Gold bds, 6s, 1895 101%
DuluthAManitoba—lst,g .6 sl9 3 6 77
102
Gold bonds, 6 s .............................. 1 896
1025s Bvans. A Indian.—1st, con s.. 1926
Dul.AMan Dak.Div.—Ist6 s.l9 3 7
77
Flint A P. Marq.—Mort., 6 s .. .1920 115 117%
Gold bonds, 6 s .....................1 8 9 7 103
Cœur d’Alene—1st, 6s, g o ld .1916
1st con. gold, 5 s .................. ..1 9 3 9
San Joaquin Br., 6 s...............1900 104%
Gen. l s t ,g ., 6 s............ .....1 9 3 8
94
Mort. gold 5 s ...........................1939
Port Huron—1st, 5 s .............1939 *
Cent. Washington—1st,g .,6s.l938
Fla. Cen A Pen.—1st g. 5 s . . . . 1918 *105
Land grant, 5s, g ......... ......1 9 0 0
Norfolk A South’n—1st, 5 s,g .1941 102 103%
1st con. g., 5 s .................¿ ...,1 9 4 3 *95
Cal. A O. D iv,, ex t., g. 5 s ...1 9 1 8
Norfolk
A West.—General, 6 s .1931 116
*58
60
1041s
106
Ft Worth A R. G.—1st g., 5S..1928
West. Pacific—rBonds, 6 s___1899
N ew River, 1st, 6s ................ 1932 108
Gal. Har. A San Ant.—1st, 6 s .1910 95 100
No. Railway (Cal.)—1st, 6 s .1907
Im
p.
A
E xt., 6 s . . . . . .............. 1934
101
*91
90
Gal. H. A 8. A.—2d mort., 7 s .. 1905
50-year 5 s............................1938
Adjustment M., 7 s ................ 1924
Okes. A O.—Pur. M. fund, 6 s .1898 107
Ga. Car. A Nor.—1st, gu. 5s, g.1929
Equipment,
5s........................ 1908
Ga. So. A Fla.—1st, g. 6s.........1927
6s, gold, series A . . . . ............. 1908 118%
32
Clinch Val, 1st 5 s . . . . ......... ,1 9 5 7
95
Grand Rap. A Ind.—Gen. 5 s ..1924 26
Craig Valley—1st, g., 5 s ....1 9 4 0
RoanokeASo.—1st,
gu. 5s, g.1922
14%
G. B. W. A St. F.—2d inc. tr. rects.
Warm Spr. Val., 1st, g. 5 s ..1941
Scioto Val. A N. E.—1st, 4s,.1990 72
Housatonic—Cons, gold 5 s .... 1937 *118%
ek es. O. & So. West.—1st 6s, g.1911 101%
Ohio
A
Miss—2d
consol.
7 s ... 1911 114
2d, 6 s.............................
..1911
N .H avenA D erby, C ons.5s..l918 *113%
Spring.Div.—1st 7s.'.,..'........1905
Hous. AT. C.—Waco A N. 7S..1903 105
Ok. V.—G en .con .lst,gu .g,5s.l938
110
General
5s.........................
...1 9 3 2
104
Chicago & Alton—8 .F ., 6s. ...1 9 0 3 115
1st g., 5s (int. g t d j , , . ....... 1937
Ohio River RR.—1st, 5s....... ..1 9 3 6
ibo*
Louis. A Mo. River—1st, 7s. 1900 114
Cons. g. 6s (int. gtd)............. 1912 *99
Gen, g .,5 s ............................... 1937
2d, 7 s .......................
1900
Debent. 6s, prin. A int. gtd.1897
Oregon A Califor.—1st, 5s, g.1927 *75
85*
St. L. Jacks. A Chic.—2d, 7S.1898 107%
Debent. 4s, prin. A int. gtd.1897 *80
Oreg. R yA N av.—C ol.tr.g..5s.l919 48
Miss.R. Bridge—1st, s. f., 68.1912
Illinois Central—1st, g., 4s ...1 9 5 1
Pan. Sink.F’d Subsidy—6s, g. 1910
100
1st. gold, 3% s............. .......1 9 5 1
Okie. Burl. & Nor.—1st, 5 s___1926 103
Penn.-P.C.CASt.L.Cn.g.4%sA1940 103%
Gold 4 s .....................................1953 98%
Debenture 6 s ...............
1896 95
Do
do
Series B .........
104
Chic. Burling. A Q.—5s, s. f ..l 9 0 1 106
Cairo Bridge—4 s . . . . ............. 1950
P.C.A8.L.-lst,C.,7s................ 1900
Spring! D iv.—Coup., 6 s___1898 105
Iowa D iv.—Sink, fund, 5 s ..1919 107
Pitts. Ft. W. A C.—1st, 7 s ... 1912
Middle D iv.—Reg., 5s.......... 1921 109
Sinking fu n d ,4 s.................. 1919 96%
2d, 7 s .............
1912
Plain, 4 s................................... 1921 90
C. St. L. A N . O.—Ten. 1., 7 s.l8 9 7 110
3d, 7 s ......... ........................... 1912
Ohio & Indiana Coal—1st 5 s .1936 95 101
1st, consol., 7 s..................... 1897 110
Ch.8t.L.AP.—lst,co n .5 s,g .. .1932 114
114
OhL MU. & S t.P .—lst,8s,P .D .1898
2d, 6 s . . . . . ...................
1907
Clev. A P .—Cons., s. fd., 7 s .1900 117
Gold, 5s, cou p on ................ 1951 ‘115
2d, 7 3-10s, P. D ....... ............ 1898 *117 122
Gen. 4%s, g., “ A” . . . . ___1942
Memp, D iv., 1st g. 4 s ....... 1951 *98
1st, 7s, $ g., R. D ....................1902 *123%
St. L.V. A T .H —1 s t ,6 s .,78.1897 107
Ced. F alls A Minn.—1st, 7 s.. 1907 ‘104
l s t , I . A M .,7 s.......................1897 *116
2d, 7 s......... ...............
1898
l s t , I . A D., 7 s . . . . ................ 1899 *116
Ind. D. A Spr.—1st 7s, ex . o p .1906
2d, guar., 7 8 ...» .................. 1898 106
1st ,C. & M .,7 s.......................1903 *124 126
Ind.D.AW.—1st 5s, g .,tr.reo ..l9 4 7
Gd.R.AI.Ext.—1st,4%s,G.g. 1941 103%
1st, I. & D. Extension, 7 s ...1908 *125%
2d, 5s, gold, trust receip ts.. 1948
Peo. AE.-Ind.B. A W .-lst,p !7s. 1900 110
1st, La C. & D av., 5 s ............ 1919 ‘105
Inc. M. bonds, trust receipts
Ohio Ind.AW.—I s tp r e f.5 s ..l9 3 8
79
1st, H. & D., 7 s ......................1910 123%
Ind. Ills. A Iowa.—1st, g, 4s.. 1939 75
Peoria A Pek. Union—1st, 6 s. 1921 108
1st, H. A D .,5 s ......................1910
Int. AG. N’n—1st,6s,g..............1919 112 113
2d mortg., 4%s.................... ..1921
118
Kings C o.-F.E l.,lst,5,g.,gu. A. 1929
Chicago A Pacific D iv., 6 s .. 1910
64
Pitts. Cleve. A Tol.—1st, 6 s... 1922
103
Lake Erie A W est.—2d g., 5 s .1941
Mineral Point Div. 5 s...........1910 104% 107
P itts. A L. Er.—2d g. 5S, “A” . 1928
C. A L. Sup. D iv., 5 s............. 1921 106
L. S. AM.Sou.—B.AE.—N e w 7 s .’98 113
Pitts. Mc. K. A Y.—1st 6s___ 1932
116
Fargo A South., 6s, A s s u ...l9 2 4
Det. M. A T.—1st, 7 s............. 1906 ‘124%
Ino. conv. sink, fund, 5 s___1916
Lake Shore—D iv. bonds, 7 s. 1899 114 ......... Pitts. Painsv. A F.—1st, 5 s ,..1916
. . . . . Pitts. Shen. A L .E .—ls t,g .,5 s .l9 4 0
Kal. All. A G. R.—1st gu. 58.1938
Dakota A Gt. South., 5 s___1916 104
Pitts. A West.—M. 5s, g.1891-1941
Mil. A Nor. main line—6 s .. .1910
Mahon’g Coal RR.—1st, 5s. 1934 ‘112*'
80%
P itts.Y ’gst’nAA.—1st, 5s,con .l927
LehighV.jN.Y.—1st gu.g.4%s,1940 100%
Chicago ANorth western—
LOO Pres. A Ariz. Cent.—1st, 6s, g.1916
107% Lehigh V.Term.—1st gu, 5s,g. 1941
30-year deb. 5 s ....................... 1921
2d income 6 s .......................‘..1 9 1 6
Lehigh V’y Coal—1st 5s,gu .g.l933
Eseanaba A L. S. 1st, 6 s ....1 9 0 1
Rich. A Danv.—Debenture 6s. 1927
95
D esM . A Minn.—1st, 7 s ___1907 120
1fitch! Car. A West.—1st 6s. g.1916
100
Equip.
M. s. f .,g ., 5 s . . . ........ 1909
112%
113%
120
Long
Island—1st,
7
s
1900
................
1898
Iowa Midland—1st, 8 s.........
Am. A Char.—1st, pref., 7 s ..1897
Gold 4 s..................................... 1932
Peninsula—1st, c o n v .,7 s ...1898
do.
Incom e, 6 s . . . . 1900
N. Y. A R’w ay B.—1st, g. 5 s. 1927 95 LOI
Okie. A Milwaukee—1st, 7 s. 1898 * 110%
Wash. O. AW.—lst,4s,gu .cy.,1924
72
37% 43
Win. A St. P .—2d, 7 s .. ..........1907 *126%
80
2d mortg., i n c . . . . . . . . . ....1 9 2 7
Rio
Gr.
June.—1st,
gu., g., 5S.1938
‘100
L05
MU. A Mad.—1st, 6 s ............ 1905 *114%
N.Y.AMan. Beach.—1st, 7s, 1897
Rio Grande So.—1st, g., 5 s ... 1940
99
Ott. C. F. A St. P .—1st, 5 s .- 1909
N.Y.B.AM.B.—1st con. 5 s,g .l9 3 5
St. Jos. A Gr. Is.—2d in e.........1925
Northern IU.—1st, 5 s . . . . . . 1910 106
Brookl’n AMontauk—1st,6s. 1911
Kan. C. A Omaha—1st, 5 s .. 1927
111
Oh.Peo. ASt.L.—Con.1st,g.5s. 1939
96
1st 5s
1911
47%
St.
Louis A. A T. H.—
49%
Chicago Rock Island & Pacific
Louis.Evans. A St. L.—Con.5s. 1939
Bellev. A So. 111.—1st, 8 s ... 1896
fcäD. M. A F . D. 1 s t 4s ...............1905
Louis. ANash.—Cecil. Br. 7 s ..1907
Bellev. A Car.—1st, 6s. .¿ ...1 9 2 3
60
1st, 2 % s ,.............................1905
E. H . A Nash.—1st 6s, g ...,1 9 l 9 104
Chi.St.L.APad—1st,gd.g.5s 1917 *103
Extension, 4 s .................. ..1 9 0 5
Pensacola Division, 6 s .........1920 110
St. Louis So.—1st, gd. g. 48.1931
119
Keokuk A D es M.—1st, 5 s .. 1923 95 ibo*
St. Louis Division, 1st, 6 s ... 1921
do
2d income ,5 s .1931 *80
2d 3s
1980
Chic. & St.L.(Atch.)—1st, 6 s ..1915
Car. A Shawt.—1st g. 4 s ....1 9 3 2
Chic. St. P. & Minn.—1st, 6 s ...1918 '125%
Nashv. A Decatur—i st", 7 s .. 1900 112
St. L. A 8. F.—2d 6s, g., cl. A . 1906 111%
S. f.,6s.—S. A N. A la............. 1910 104
St. Paul & 8. C.—1st, 6 s....... 1919 126 127
E q u ip .,7 s....... ....................1 8 9 5
Chic. & W. Ind.—1st, s. f., 6 s. 1919
10-40, gold, 6 s . . . . ................ 1924 101
General 5 s ................
1931 82%
100
General m ortgage, 6 s ...........1932 117
5 0 -year 5s, g .,..................... ..1 9 3 7
1st, trust, gold, 5 s . . . . ........,.1 9 8 7
70
96
CSn Ham. A D.—Con. s. f., 7 s.l9 0 5 118
Pens. A At.—1st, 6s, gold. ..1921
Consol, guar., 4 s ....................1990 43
2d, gold, 4%s...........................1937
Collat. trust, 5s, g ............. ..1 9 3 1 101
Kan.
City
A
8.—1st,
6s,
g
...l
9
1
6
...... ......
68
Cin. D. A Ir’n—1st, gu. 5s, g.1941 99 100 Lou.N.Alb.ACh.—G en.m .g.5s.l940 65
Ft. S. A V. B. Bg. - 1 s t , 6 s ...1910 •••..a
Manhattan Ry.—Cons. 4s....... 1990
d e v . Ak. A Col.—Eq. A 2d 6s. 1930 80
98%
■■■■■
K ansas Midland—1st, 4s, g.1937
Manito.S.W.Colonlza’n—5s,g. 1934
O.C.C. A St. L., Cairo div.—4s, 1939
St. Paul A Duluth—1 st,5 s . . . . 1931
Memphis A Chari.—6s, gold .. 1924 58
Bt.Lou.Div.—lstco l.ts’t4s,g. 1990 90
114
92
1917
2d
m
ortgage
5s.......................
104
Spring. ACoLDiv.—lst,g . 4s. 1940.
1st con. Tenn lien, 7 s . . . . . . . 1915 110
St. Paul Minn A M.—1st, 7 s .. 1909 *110%
WhiteW.Val.Divi—lst,g . 4s. 1940 89
M exican Cent. Consol.—4s, g.1911 *57
90
2d mort., 6 s .............¿ ........1 9 0 9 *117
Cin.Wab.AM.Div.—Ist,g .4 s.l9 9 1 90
1st, cons, incom e 3s, g .....,1 9 3 9
Minneap. Union—1st, 6 s ___1922
Mex. International—1st, 4s,g. 1942 70
d n . I. St. L. & C.—1st,g.,48.1936 92%
Mont. Cen.—1st, guar., 6 s ..1937; 110 112
C onsol, 6 s................................ 1920
Mexican National—1st, g., 6 s .1927
1st guar. g. 5 s ......................... 1937 *99
dn.San.A Cl.—C on.lst,g.5s, 1928
2d, incom e, 6s, “A” .............. 1917
East. Minn., 1st div. 1st 5 s .1908
2d, incom e, 6s, “ B ” „ , , 1 9 1 7
Cl.Col. Cin. & Ind.—1st, 7 s,s.!1 8 9 9 114
Wilmar ASiouxF.—1st, g ,5 s.l9 33
Consol, sink, fund, 7 s ...........1914
Michigan Central—6 s...............1909 116
San Fran. A N. P.—1st, g., 5s.1919 *87
Cleve. A Mah. V.—Gold, 5 s ... 1938 110
Coupon, 5s...............................1931 116
South Carolina—2d, 6 s......... .1931
Columbia A Green.—1st, 6 s .. .1916
Mortgage 4 s ............................ 1940
Income, 6 s . . . . . . . . . . . ..........1931 . . . . . . .mmrnmm
Del. Lack. AW .—Mort. 7 s___1907 133%
Bat.C.AStrgis.—Ist,3s,g.gu .l989
So. Pac. Coast—1st, g u a r.,4 s.1937
Byra. Bing. A N. Y.—1st, 7S.1906
Mil. L. 8. AW.—Conv. deb., 5s. 1907 *104 107
131
Ter.RR.As’n o f S t.L .-lst,4% s.l939 ......... .........
Morris A E ssex—1st, 7 s ....1 9 1 4
Mich. D iv., 1st, 6s................. 1924
Texas A N ew Orleans—1st,7s. 1905
Bonds, 7 s ....................
1900 '114
Ashland Division—1st, 6s ..1 9 2 5
Sabine D ivision, 1st, 6 s . , ..1 9 1 2 105
7 s of 1 8 7 1 .............
1901 120
Incom es.......................... .
Consol, 5s, g , , ........ , . . , . . 1 9 4 3
90
1st, con., guar., 7 s............. 1915
Minn. A St. L.—1st, g. 7 s ......... 1927 123
T es. A Pac., E. D.—1st, g. 6s. 1905
Del. A Hud. Can.—Coupon 7s,1894 103% 103%
Iow a E xtension, 1st, 7s....... 1909 116 120
Third Avenue (N.Y).—1st 5s, 1937 1 1 6 4 I Ì 9”
v Pa. D iv., coup., 7 s.................1917 140
2d mortg., 7 s...........................1891 140
Toi. A. A. A Cad.—6s ................1917
Albany A Susq.—1st, gu.,7s. 1906
Southwest E xt.—1st, 7 s....... 1910 *140
66
Toledo A. A. A G’d Tr.—g. 68.1921 78
1st, cons., guar., 6 s....... . 1906
Pacific E xt.—1st, 6 s .............1921 113% 116
81
Bens. A Bar.—1st, coup., 7 s.l9 2 1 144
Impr. A equipment, 6s.........1922 123 123% Toi. A. A. A Mt. PL—6 s...........1919
76
Toi. A. A. A N. M.—5s, g.........1940
Denver City Cable—1st, 6 s ... 1908
Minn. A Pao.—1st mortg., 5 s. 1936
T.AO.C.—Kan. A M., Mort. 4 s.l9 9 0
Deny. Tramway—Cons. 6s, g.1910
Minn.St.P.AS.S.M—1st e.g.4s.l938
?
Ulster A Del.—1st, con.,6.,5s. 1928
Metropol. Ry.—lst,g u . g.6s,191170
M0.K.AT.—K.C.AP., Is t,4 s ,g .l9 9 0
Union Pacific—1st, 6 s........ ...1 8 9 6 104%. 105
Deny. A R. G.—Im p .,g., 5 s ... 1928
Dal. A Waco—1st. 5s, g u ..,.1 9 4 0
1st,
6
s
.............
.1897
105
Duluth A Iron Range—1st ös.1937 92
Missouri
P
acific—Trust
5
s
..
.1917
92%
1st, 6 s...............
.,1 8 9 8 1055s 106%
E. Tenn. Va. A Ga.—1st, 7 s ... 1900 112 % 113%
1st coll., 5s, g .........................1920
Collateral Trust, 6 s...............1908
Divisional 5 s..^ ......................1930 * l l u
St L.AI. M.—A rk.B r.,lst, 7s. 1895 100
Colla*eral Trust, 5 s....... . 1907 60
E q .A lm p .,g .,5 s.................... 1938 *80
Mobile A Ohio—1st ext., 6 s ... 1927
85
K ansas Paciflo—1st 6s, g .,1 8 9 5 103
MobUe A Birm.—1st, g., 5s. .1937
St. L. A Cairo—4s, guar....... 1931
nr
1st, 6s, g ................................ 1896 104% 104%
Alabama Central—1st 6 s ...1918 *105
Morgan’s La. A T.—1st, 6 s .... 1920 111
O. Br. U. P - F . o., 7 s ...........1895
Arte—1st, extended, 7 s...........1897 109 110
122
Atch. Col. A Pao.—1st, 6 s . , 1905
3d, extended, 5 s..................... 1919 115
Nash’. Chat."A s"t.*L.—2d," 6 s" 1901
40 *
Atch. J. Co. A W.—1st, 6 s . , 1905
8d, extended, 4%s..................1923 109% 110
N. O. A. No. E .—Pr. 1., g., 6 s ..1915
40
U .P . Lin. A Col.—1 st,g., 5s. 1918 40
\ 4th,exten d ed , 5 s..................1 9 2 0 113 115
N. Y. Central.—Deb. g. 4 s ....1 9 0 5 103 104%
45
O reg.8.L .A U .N .,col.trst.,5s.l919 mmmmrnt 37
6th, extended, 4 s....................1928 IOC 101%
N. J. June—Guar. 1st, 4 s ...1 9 8 6 100 100%
Utah A North.—1st, 7s.........1908
1st, con., g., Pd, 7 s ...............1920
Beech Creek—1st, gold, 4 s ..1936 *103%
Gold, 5 s .................................1926
Reorg., 1st lien, 6 s.................1908 104
Osw. A Rome—2d, 5s, g.,gu .l915 105 107
■mmrnmm
Utah Southern—Gen., 7s ,1 9 0 9 *80” 90
U tica A Bl. Riv.—4 b, g., gu.1922 102% 103%
B. N. Y. A E .—1st, 7 s .......1 9 1 6 *129%
E
xten ., 1st, 7 s....... . . . . . . 1 9 0 9 *80
N. Y. A Put.—1st, g., 4s. gu.1993 101%
N. Y. L. E. A W.—Col. tr.,68.1922 *100
10
Valley R’y Co. of O.—Con. ës.1921 - —•
Funded coup., 5 s.................... 1969 *67% ......... N. Y. N. H. A H .—1st, rear. 4 s .1903
O '
Wabash—Debenture, Ser. A ..1939
Buff. A S. W.—Mortg. 6 s ....1 9 0 8
N. Y. A Northern—1st, g. 5 s .. 1927 116
Det. A Chic. E xt. 1st, 5s, g ,1 9 4 0
»8
Jefferson—1st, gu. g. 5 s ___1909
89
N. Y. Susq. A West.—2d, 4% s.l937 *85
! Goal ARR.—6 s . . . .................. 1922 iÖ2*‘ .........
96% No Missouri—1st, 7 s . , . . . . 1 8 9 5 103% 103%
Gen. m ort., 5s, g ................ ..1 9 4 0
St L.K.C.AN.—R.E.ARR.7S.1895 105% ___
F Dock A Im p t.,lst 6s, cur’cy.1913 *102 ......... N. Y. Tex. A Mex.—Ist,4s,gu .l912
St.Charles Br’ge—1st,6 s... 1908 103
Eureka Springs—1st, g., 6 s ... 1933
North’n Pacific—D ivid’d scrip ex t.
30
W est Va. O. A P it t s —1st, 6 s .l9 1 1
Jam es River Val.—1st, 6 s ...1936
E vans. A T.H.—1st,cons.,6s. .1921 *105
Wheel.AL.E.—1st. 5s, g o l d ., 1926
106
1st, general, g., 5 s ................ 1942
...... Spokane A P al.—1st, 6s....... 1936 75
Extension A Imp, g., 5s. .,1 9 3 0
M ! Vernon 1st 6 s .................1923
St.Paul A N. P .—Gen., 6 s .. 1923
11/

t*

No price Friday; these are the latest quotations made this week.




For

M i s c e l l a n e o u s a n d U n l i s t e d B o n d s . —See 3d page preceding*

\

THE CHRONICLE.

326

[VOL, LIX.
L atest L a m in g s Reported.

B o ADS.

% u v iz s tm m t
AND

iiiM lig r iic e .
The I n v e s t o r s ’ S u p p l e m e n t , a pamphlet o f 160 pages, con­
ta in s extended tables of the Stocks and Bonds o f Railroads,
<and other Companies, with remarks and statistics concerning
the income, financial status, etc., of each Company. I t is
published on the last Saturday o f every other month—viz.,
January, March, May, July, September and November, and is
furnished without extra charge to all regula r subscribers o
the C h r o n ic l e .
I he General Quotations o f Stocks and Bonds, occupying six
pages of the C h r o n ic l e , are published on the tliir d S atu r­
d a y of each month.

R A IL R O A D

E A R N IN G S .

Latest L a m in g s Reported.
B O ADS.

Week or Mo

Adirondack. . . . . J u n e .........
Ala. M idland... M a y ........
A llegheny V al.. J u ly ............
.Annap. W. & B .. A p r il.........
Ark. M idland... J u n e ..........
Atch.T.&S. F e .. 2d w k A ug
St. L. & San F. 2d w k A u g
A tlantic& Pac 2 d w k A ug
Col. Midland.. 2d w k A ug
Agg. to ta l... 2d w k A u g
A tla n ta * Char, a M ay............
A tla n ta & W. P J u n e ..........
Austin & N' west J u n e ..........
B.&O.EastLines J u ly ............
Western Lines J u ly ...........
T o ta l.......... J u ly ............
Bal.*O .Sou’w.d 3 d w k A u g
B a th * Ham’nds J u n e ..........
Bir. & A tlantic.. J u ly ...........
Brooklyn E le v .. W kA ug.18
BttfLRoch.&Pitt 2d w k A ug
Bur.C.Bap. &N. 2d w k A ug
C am den* A tl.. J u n e ..........
CanadianPaoitic 2d w k A u g
-Har.Cum.G&Ch. M a y . . . . . . .
Car. M idland.... J u ly ............
Central of N. J .. J u n e ..........
Central Paoiflc.. T u n e..........
Central of 8. C.. M a y ............
Char. Cin. &Chie. J u ly ............
C harlest’n&Sav. M a y ............
dhar.Sum .* No. J u ly ............
'Chat’qua Lake.. J u n e ..........
■Oheraw. &Darl.. J u n e . . . . . .
Ches. * Ohio___ 2d w k A u g
Ches. O .* 6 o .w J u n e ..........
Chic. Bur.&No. J u n e ..........
Chic. Bur. & Q.. J u n e ..........
C hic.* East. 111. 2d w k A ug
C h ica g o * Erie. J u n e ..........
Chic. Gt. West’n ls t w k A ug
Ohic.Mil.* St.Pt 3d w k A ug
Chic. &N’thw’n / J u ly ..........
Chic.Peo.&S.L. 2d wk Aui
Ohic.B’k I.& P .. J u l y . . . . . .
Chlc.St.P.M.&O J u n e ........
Chic. &W. Mich 2d w k A ug
Cin. Ga. & Ports J u l y . . . . .
'C in.*K ent. Sou J u n e ___
Cin. J a c k * Mac. 2d w k A ug
Cin.IT.O. &T. P. J u n e ........
Ala. Gt. South. J u n e ........
N.Orl. & N. E. J u n e ........
Ala. & Vioksb. J u n e ........
Vicks. Sh. &P. J u n e ........
Erlanger Syst. J u n e ____
Cin. Ports. & V.. J u ly ..........
Col. & Maysv. J u ly ..........
Clev.Akron&Co, 2d w k A u
CLCin.Ch.&S.L, 2d w k A u g
Peo. & E ast’n. J u n e . . . . .
Col. Newb. & I.. J u n e ........
C o l.H .V . &Tol, M a y .____
Col. Shawnee&H 2d w k A n
Colusa & Lake.. J u ly ..........
Crystal............... Jfu ne____
Otunb’ld Valley J u n e ........
Current B iver.. 2d w k A ug
Deny. & Bio Gr. 3d w k A u_
Det.Lans’g&No. 2d w k A u g
DuluthS.S.&Atl. 2d w k A n
Duluth & Winn.. M ay..........
E.Tenn.Va.* Ga 4th w k J u ly
Elgin.Jol.&East J u ly ....
Eureka Springs. J u n e . . .
E v a n s &lnd’phs 2d w k A ug
Evans. & Rich.. 2d w k A ug
E vausv. & T. H 2d w k A ug
Fitchburg.......... J u n e _____
F lin t &P.Marq. 2d w k A u g
Florence........ . M a y ............
Fid.Cnt. &PeniD J u ly -------F t. W. & Rio Gr J u ly ...........
i _■ Gads. & Att. U .. J u ly ...........
4 ^ * W > g i a B B ....... 3d w k A ug
*. T&Jar’la & No J u n e ____
Geo. S o .* F la ... J u l y . . . . . . .
Gr, Bap. & lnd. . 2d Wk A ug
C in .R .*F t.W . 2d w k A n
Traverse City, 2d w k A u:
aius. G. R. & I. 2d w k A n
Total all lines, 2d w k A n
©randTrunk . . . W kA ug.18
Chic. * Gr. Tr. W kA ug. 4




1894.

1 1893.

Jan. 1 to L atest Date.
1894.

1893.

$
$
86,425
80,829
190,726
221,223
1,150,453 1,526,190
14,049
17,359
38,702
38,284

$
13,371
15,448
36,356
32,901
203,601 206,741
4.009
4,085
6,397
5,281
508.596 603.245
126,496 115.828
51,679
46,659
30,019
34,942
508.596 603.245 21,902,382 8,746,086
321,792
273,982
47,536
58,491
226,784
204,808
34,550
27,952
123,564
116,858
19,704
19,065
.419,342 ,622,738 8,919,862 10,943,618
372,913 489,333 2,461,544 3,588,163
,792,255 ,112,071 11,411,406 14,531,781
132,829 132,318 3,784,949 4.240,561
10,383
9,434
1.551
1.621
19,234
12.408
I , 508
2.064
1,212,620
•1,115,080
28,453
27,159
63.329
70,103 1,488,708' 2,113,736
64.590
60,596 2,113,092 2,281,738
315.826
344,533
89,939
82,547
362.000 417.000 10,367,769 12,159,264
19,220
5.552
23,287
3,357
31.298
29,917
8,295
7,788
,219,425 ,320,297 5,755,286 7,136,867
,155,050 ,308,225 6,021,805 6,751,771
47,305
41,781
4.9 74 7,949
88.667
91,762
10,266
11,170
324,307
312.717
45.510
59,271
91,399
87,336
8.000
8.500
19,413
26,866
3,856
5,616
40,590
48,249
4,265
5,255
213,423 198,860 5,359,489 6,200,735
957,912 1,161,605
147,974 175,253
798.718 1,177.265
132,751 167,205
,363,448 ,292,679 15,160,140 18,976,009
83,758
81,157 1,865,208 2,669,168
167,342 237,019 1,075,590 1,448,210
75,761
67,929 1,975,099 2,455 996
549,643 520,820 17,062,911 20,405,378
,208,198 ,669,422 16,174,9^6 18,7*2,342
662.789
535,300
18,576
15,905
,018,436 ,542,114 9,051,243 10,536,668
610,206 655,385 3,542,098 3,866,271
921,856 1,156,648
32,352
32,301
38,124
37,223
5,494
6,305
7,115
422
4,967
990
419,347
374.036
14.512
12,251
251.000 343,614 1.643.000 2,008,965
877,962
654.000
102.000 139.829
695,726
549.000
82,000 106.000
266,846
236.000
32.000
40.000
246,552
236.000
30.000
33.000
4*7,000 662,443 3.317.000 4,096,051
152.827
137,584
20,269
23,984
8,152
5,872
966
1,353
17,135
17,465
271,385 262,220 7,378,271 8,402.228
813,569
116.984 148,126
713,327
33,611
42,224
4,461
3,771
914,830 1,328,940
104,886 243,309
21,555
20.13
12,555
8,467
800
2 ,\ 00
8,241
5,036
753
1,307
427,074
351,800
66,440
83,830
74,530
75,122
1,809
1,695
144,400 105,300 3,881,869 5,070,935
726,201
623,589
22,255
24,452
45.512
48,140 1,014,042 1,366,027
106,510
50,486
8,773
25,345
123,623 151,100 2,825,945 3,289,035
523,885
555,896
62,032
61,805
41,908
33,653
6,174
7,610
226,460
165,441
8,066
8,235
85,503
63,657
1,987
2,532
787,877
651,873
26,442
30,333
3,664,131
601,733 709,291 3,175,927
45.072
45,785 1,474,123 1,803,079
70,264
76,612
I I , 260 12.034
996,514
157,134
97,795 1,476,410
212,564
133,339
13,119
23.034
6,007
662
3,799
886
814.158
761,498
20,219
21,634
242,574
45,532
334,532
40,521
479,532
73.073
495,905
64,838
1,423,219
42,952
43,738 1,125,73
285,060
8,245
233,700
8,140
882
37,884
29,7301
1,043
2,394
91,707
62.678Í
2,188
54,473
55,109 1,451,845 1,837,870
368,998 394,223 10,713,978112,105,424
47,853
81.199

i Week or Mo

1894

1893.

Jan. 1 to L atest Date.
1894.

1893.

Gr.Tr’k (C on.)—
$
S
20,649
DeLGr.H.&M. WkAus
24,597
18,394
2,626
3,976
23,417
Georget’n & W’n June
Gr. P.Wal. &Br. M ay.
9,009
2,315
1,986
8,768
Great North’n St, 1 . M, * M. J u ly ............ 1,099,738 1,085,660 5.267.117 7,016,027
509,321
605,894
East, of Minn J u ly ............ 110,166 129,392
667,642
94,770
Montana Cent J u ly ............ 151,652
850,679
Tot. system . J u l y . .. .. .. . 1,361,556 1,309,822 6.617.117 8,289,563
G u lf* Chicago. J u ly ............
22.346
22,503
2,375
2,368
5,441
H artsv ille. . . . . . M ay........ .
3,607
448
307
' 18.227
17,829
3,442
3,931
Hoos.Tun.&Wil. J u n e ..........
209.072
25,300
29,557
Hous. E. &W.Tex T u n e..........
189,878
71,434
64,800
8,000
8,425
Humest’n&Sheu J u ly ............
Illinois Central. J u ly ............ 1,097,316 1,789,736 9,614,641 11,690,566
230,042
277,818
11,276
9,716
Ind.Deo.*W est. 2d w k A ug
47,306
49.977 1,725,031 2,358,428
I n .* Gt. North’n 2d w k A ug
36,610
35,657 1,421,706 1,285,356
tlnteroc. (Mex.) Wk A ug. 4.
967,437 1,070,066
31,033
33,148
Iowa Central. . ls t w k A ug
3,032
1,921
24,406
22,566
Iron R a ilw a y ... J u ly ___. . .
510,473
36,377
37,274
524,473
Jack. T. & K. W J u ly ............
Kanawha&Mich 2d w k A ug
206,796
216,751
7,173
6,161
161,219
173,180
6,770
6,600
Kan.C. Cl. & 8p. 2d w k A ug
67,523 2,283,982 2,639,703
K.C.F.S.&Mem 2d w k A ug
73.101
599,105
K.C.Mem.&Bir 2d w k A ug
641,787
18,565
17,716
199,142
4,964
78,432
7,511
K. C. P itts. & G. ls t w k A ug
141,500
145,673
7,154
6,523
Kan.C. Sub.Belt ls t w k A ug
180,810
23,770
21,848
174,937
Kan.C. N W . . . . J u ly ............
6,670
7,908
933
1,198
Kan.C.&Beat. J u ly ............
227,591
220,393
7,690
8,495
K eok u k * West. 2d w k A ug
45,604
38,663
6,124
5,414
L. Erie All. & So. J u l y . . . . . . .
75,449
64,368 1,936,340 2,215,230
L. Erie & W est.. 2d w k A ug
57.721
314,469
214,451
28,505
Lehigh & H u d .. J u ly ............
Long Island___ M a y ............ 375,510 389,213 1,363,637 1,415,973
165,600
24,472
33.282
124,65“
L ou is.* Mo.Riv M a y ___....
Louis.Ev.&St.L. 2d w k A ug
844,216 1,071,687
29,781
29,938
Louisv.&Nashv. 2d w k A ug 371,485 356,285 11.405,988 13,116,315
68,594 1,627,217 2,038,069
Louis.N.A.&Ch 2d w k A ug
63,965
L ou.St.L .*T ex. 2d w k A ug
252,605
361,587
9,548
9,968
365,502
418,209
9,892
10,894
Louisv. S ou th .. 2d w k Au;
39,278
41,526
5,272
5,548
Macon & Birin.. J u ly ..........
6,719
4,649
Manoues &Aug. M a y ..........
1,019
998
10,212
70,238
41.189
M anistique____ J u ly ..........
4,015
869,145
745,356
20,730
19,464
Memphis&Chas 2d w k A n
iM exican Cent. 2d w k A ug 148,680 145,313 5,220,185 4,910,041
Mexican Inter’! J u n e .......... 179,245 182,838 1,062,363 1,069,283
66,703 2,568,847 2,656,843
74,528
IMex. National. 2d w k A ug
268,906
58,409
Mex. N orthern. M a y ............
60.137 1,889,062 1,848,421
IMexican R’ way Wk A ug. 4. * 60,177
152,871
3,009
Mexican So....... Wk J u ly 21
8,046
96,858
890,626
999,733
Minneap.&St.L. J u ly ............ 107.312 140,025
Mo.Kan.&Tex., 2d w k A ug 173.239 156,670 5,265,899 5,729,173
Mo.Pae.&IronM 2d w k Aug 390,974 391,867 12,957,573 15,306,448
169,514
153,455
4,553
Mobile & Bir.ni. 2d w k A ug
4,715
Mobile & Ohio. J u ly ............ 211,375 250,835 1,800,866 1,917,680
607,760
71,546
648,471
85,000
M ont.* Mex. Gif J u ly ............
Nash.Ch.& St.L. J u l y . . . . . . . 350,674 411,690 2,602,213 2,869,046
24,451
13,217
4,274
Nevada Central J u n e .........
2,343
41,971
42,799
19,435
20,306
N. Jersey &N.Y F e b r u a r y .
71.519
54,346
NewOrl.&So’n .. J u ly ............
7,474
5,882
N.Y.C.&H.R---- J u ly .......... .. 3.158,003 3,926,232 22,958,858 26,597,045
N. Y. L. E. * W J u n e .......... 2,180,421 2,668,683 11,379,056 14,488.357
N .Y .P a.*O hio.. J u n e . . . . . . 451,850 636,160 2,552,623 3,578,916
178,958
174,101
48,675
N. Y. & Putnam A p ril..........
46,725
79,201 2,362,492 2,454,350
76,967
N .Y . Ont. & W_. 3d wk Aug
832,636
803,055
N.Y.Susq. * W. j u n e ___
157,501 165,153
234,153
234,958
47,784
Norf. &South’n J u n e ___
44,495
Norfolk & West. 2 d w k A ug 213,338 210,003 6,078.002 6.242,056
332,875
294,390
55,469
N’theast’n (S.C.) M a y ....
44,041
Nortli’nCentral. J u n e . . .
493,411 653,105 2,697,147 3,494,551
North’n Pacili 0. 3 d wk A ug 367,428 298,919
17,642
9,943
2,626
2,053
Oconee & W est. J u ly ..........
460,044
375,266
19,134
Ohio River......... ls tw k A n
16,197
11,331
13,643
Ohio Southern.. 2d w k A n
181,657
243,138
Omaha & St. L .. M a y . . . . . .
27,219
45,678
309,353 328,714 1,805,859 1,816,411
Oregon Imp. Co. J u n e ........
P ennsylvania... J u n e ........ 4,162,281 5,782,462 26,248,177 33,885,417
550,641
485,053
18,514
22.794
PeoriaDeo. &E v. 2d w k A ug
274,587
293,908
49,700
43^368
P etersb u rg...... J u n e . . .
2,550,039
1,697,943
558,591
343,698
J
u
n
e
.
.
.
Phila. & E r ie ...
1,997,307 2,024,749 9,309,553 11,074,936
Phila. & Read’g. J u n e . . .
2,348,984 2,098,301 10,225,838 11,363,006
Coal& Ir.Co... J u n e . . .
4,346,291 4,123,050 19,535,391 22,437,942
Total both Cos. J u n e . . .
22,666
18,181
2,744
2,918
Pitts. Mar.&Ch. J u ly ............
253,537
209,784
54,798
Pitt.Shen.*L .E. J u ly ............
41,097
695,142
869.718
141,736
114,042
Pittsb. & West-. J u ly ............
490,906
343,185
52,212
80,144
Pitts. CI.&T01. J u ly ............
192,712
155,135
38,588
27.278
P itts. Pa. & F. J u ly ............
45,661 1,300,450 1,655,951
52,133
Total system.. 2d w k A u g
725,785
447,338
92.101 188,830
Pitt.Young.&A. J u n e ____
164,894
158,590
17,871
17,800
Pt. Bo v a l* Aug. J u ly .............
1 4 1 ,3 3 a
148,688
21,085
19,441
Pt.Roy.*W.Car. M a y ___. . .
155,134
128,636
22,951
17,638
Quincv O.&K.O. J u ly ............
363,841
422,472
81,079
66,164
Bioh.Fr’ksb. &P. J u n e ..........
185,297
167,998
32,876
29,352
Rich. * P etersb . J u n e . . . . . .
208,927
335,967
5,963
8,858
Rio Gr. South’n. 2d w k A u g
41,000 1,213,333 1,423,762
38,800
Rio Gr.West’n.. 3d w k A ug
73,380
15.070
65,837
12,180
Sag.Tuscola&H. J u ly ............
41,995
47,130
8.632
7,140
Sag.Val. & St. L. J u n e ..........
774,031
958,080
27.070
25,580
S t L. A. & T. H. 2d w k A u g
15,216
15,916
2,135
1,901
St.L.Ken’et&So. J u ly ............
72,900 2,371,147 2,890,227
73,000
St.L.Southw’rn. 2d w k A u g
979,291
742,963
St. Paul & Dul’tb J u ly ............ 115,879 151,841
681,352
853,256
San A n t.* A .P . J u n e ......... 117,768 146,362
442,579
25,874
460.719
26,185
S.Fran.* N.Pac, 4 th w k J u ly
239,943
297,802
35,368
31,988
Sav. A m .* Mon J u l y . . . . . .
199,492 227,696 1,361,313 1,360,709
Sav.Fia. & West. M a y ... . . .
155,237
157,400
5,736
4,860
8her.Shrev.& So 2d w k A u :
15,59“
39,975
6,372
5,500
Silverton............ J u ly ..........
62,220
72,810
23,390
17,506
Sioux City & No M a r c h ....
So. Pacific Co.—
254,655 319,613 1,890,278 2,169,701
G al.H ar.*S.A J u n e . ..
565,347
88,337
451,494
60,126
Louis’a W est.. J u n e ...
399,644 397,929 2,634,200 2,594,779
Morgan’sL&T. J u n e ...
21,544
113,560
106,079
16,243
N.Y.T.& M ex. J u n e ...
933,241
734,795
91,583 141,128
T ex.& N , O rl.. J u n e ...
974,824
6,434,922
5,866,268
826,438
Atlantic sys.6. J u n e . ..
Pacific system J u n e ......... 2,559,777 3,038,439 14,826,555 16,726,136
Total of a ll.. J u n e ......... 3,386,215 4,013,283 20,692,823 23,161,058
So. Pao. of Cal J u n e ......... 671,566 890,800 4,521,340 5,104,781
998,980 1,058,138
- So Pac.of A m J u n e ......... 147,508 166,914
74,543
455,766 > 501,542
71,092
So.Pac.of N.M J u n e .........
17,124
98,091
127,279
19,387
South B ou n d ... M ay...........
679,049
81,195
587,639
68,000
South Car. & Ga June . . . . . .
12,835
7,743
5,609
666
South&Nor.Car. M a y ..___
5 5,175
64,501
9,251
9,448
Spar. Un. & Col. J u n e .........
456.126
462.617
127.827 116.722
Staten Isl. R. T. J u n e __ _

L atest Earnings Reported.
R

o a d s.

Week or Mo

1894.

1893.

$

$

Jan. 1 to Latest Date.

Latest Gross Earnings by Weeks.—The latest weekly earn­
ings in the foregoing are separately summed up as follows:
Our preliminary statement of earnings for the second week
of August covers 72 roads and shows a gain of 0-23 per cent.

B alt. & OMo Southwest.
¿Buffalo Rocb. & P ittsb’g.
Burl. Ced. Ran. & North.
Chesapeake & Ohio.........
-Chicago & East. Illinois.
Chicago Milw. & St. Paul.
Chic. Peoria & St. Louis.
O hieago & W est Michigan
Cin. Jackson & Mackinaw
Cleve. Akron & Columbus
Clev. Cin. Chic. & St. L ..
Col. Sand’sky & Hocking.
Denver & Rio Grande__
D etroit Lans’g & Nortb’n
¿Duluth S. S. & A tlantic...
E vansv. & Indianapolis..
E vansville & Richmond.
E vansv. & Terre H aute..
F lin t & Pere M arquette..
Grand Rapids & Indiana.
Cincinnati R. & F t. W ..
Musk. Gr. Rap. & Ind .
Grand Trunk o i Canada.
.IndianaDecatur & W est.
In tern ’l & Gt. North’n . . .
Kanawha & Michigan—
Kan. Citv Clin. & Spring.
Kan. City Ft. S. & Mem..
K an. C. Mem. & Birm —
Lake Erie & W e ste r n ....
Louisv. E vansv. & St. L
Louisville & N ashville...
Louisville N. A. & Ohio..
Louisville St. L. & T exas.
¿¡Louisville Southern .. ...
Memnnls& Charleston..
Mo. Kansas & T exas---- Mo. Pacific & Iron Mt__
Mobile & B irm ineham ...
N ew York Ont. & West’n .
Peoria Dec. & E v a n sv ...
Rio Grande Southern—
R io Grande W estern.......
Bt. Joseph & Gd. Island..
St. Louis Alt. & T. Haute.
Bt. Louis Southwestern..




1894.

1893.

$
5 0 8 ,5 9 6
1 2 6 ,4 9 6
5 1 ,6 7 9
3 0 ,0 1 9
1 2 9 ,4 5 8
2 7 ,1 5 8
6 3 .3 2 9
6 4 ,5 9 0
3 6 2 ,0 0 0
2 1 3 ,4 2 3
83,75.-*
5 1 1 ,4 2 4
18 .5 7 6
3 2 .3 5 2
1 4,512
1 7 ,1 3 5
2 7 1 ,3 8 5
2 1 ,5 5 5
1 ,8 0 9
1 3 5 ,6 0 0
22 ,2 5 5
4 5 ,5 1 2
8 .0 6 6
1 ,9 8 7
2 6 ,4 1 2
4 5 ,0 7 2
2 0 ,3 7 5
4 2 ,9 5 2
8 ,2 4 5
832
2 ,3 9 4
3 2 6 ,3 1 7
1 1 ,2 7 6
4 7 ,3 0 6
7 ,1 7 3
6 ,7 7 0
7 3 ,1 0 1
1 8 ,5 6 5
7 ,6 9 0
7 5 ,4 4 9
2 9 ,7 8 1
3 7 1 ,4 8 5
6 3 ,9 6 5
9 ,5 4 8
9 ,8 9 2
2 0 ,7 3 0
1 4 8 ,6 8 0
7 4 .5 2 8
1 7 3 ,2 3 9
3 9 0 ,9 7 4
4 ,7 1 5
8 6 ,3 2 6
2 1 3 ,3 3 8
13 ,6 4 3
2 2 ,7 9 4
5 2 ,1 3 3
8 ,3 5 8
38 325
1 5 ,8 5 1
2 5 ,5 8 0
7 3 ,0 0 0

$
6 0 3 ,2 4 5
1 1 5 ,8 2 8
4 6 ,6 5 9
34 ,9 4 2
1 2 8 ,3 1 6
2 8 ,4 5 3
7 0 ,1 0 3
6 0 ,5 8 6
4 1 7 ,0 0 0
1 9 8 ,8 6 0
8 1 ,1 5 7
5 0 6 ,3 9 4
1 5,905
3 2,301
12 ,2 5 1
17,465
2 6 2 ,2 2 0
2-J.131
1,695
1 0 1 ,1 0 0
2 1 ,4 5 2
4 8 ,1 4 0
8 ,2 3 5
2 ,5 3 2
3 0 ,3 3 3
4 5 ,7 8 5
2 0 ,6 3 0
4 3 ,7 3 8
8 .1 4 0
1,043
2 ,1 8 8
3 8 1 ,0 3 6
9 ,7 1 6
4 9 ,9 7 7
6 ,1 6 1
6 ,6 0 0
6 7 ,5 2 3
1 7 ,7 1 6
8 ,4 9 5
6 4 ,3 6 8
2 9 ,9 3 8
3 5 6 ,2 8 5
6 8 ,5 9 4
9 ,9 6 8
1 0 ,8 9 4
1 9 ,4 6 4
1 4 5 ,3 1 3
6 6 ,7 0 3
1 5 6 ,6 7 0
3 9 1 ,8 6 7
4 ,5 5 3
8 6 ,3 5 5
2 LO,0 0 3
11 ,3 3 1
1 8 ,5 1 4
4 5 ,6 6 1
5 ,9 6 3
4 5 ,4 0 0
1 7 ,2 1 9
2 7 ,0 7 0
7 2 ,9 0 0

2d week of August.

Increase.

Decrease.
$
9 4 ,6 4 9

$
10,663
5 ,0 2 0

4 ,9 2 3
1,142
1,295
6 ,7 7 4

4 ,0 0 4

....

5 5 ,0 0 0

1 4 ,5 6 3
2,601
5 ,0 3 0
2 ,671
51
2,261

........

330
9 ,165
1 ,4 4 4
114
3 4 ,5 0 0

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

2 ,1 9 7
2 ,6 2 8
169
545
3 ,8 9 L
713
255
786

105
161
206

5 4 ,7 1 9

1 ,5 6 0

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

1 ,012
170
5 ,5 7 8
849
Ü .0 8 Ï

2 ,6 7 1

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

805
157

15,200
4 ,6 2 9
420
1 ,0 0 2
1 ,2 6 6
3 ,3 6 7
7 ,8 2 5
1 6 ,5 6 9

........

162

........

893

.........

3 ,3 3 5
2 .3 1 2
4 ,280
6 ,4 7 2
2 ,8 9 5

........

........... .
100

29

7 ,0 7 5
1 ,365
1 ,4 9 0

1893.

1894.

1893.

1894.

Southern Ry.—
Rich. & Dan.
Char. C. & A.
8,895,021 9,538,094
Col.& Gr’nv. 2d w k Aug 274,080 246,257
E.T.Ya.& G .
40,075 1,070, 305 1 137,173
40,223
Georgia Pac. 2d w k Aug
T otal............ 2d wk Aug 314,303 286,332 9,965, 326 10 .675,267
14,860
12, 893
5,824
4,998
BtonyCl.&UMt.. J u n e .........
742,607
90,307
525, 555
63,269
Summit Branch. J u ly ...........
639,293
467, 898
86,053
58,288
Lykens Valley J u ly ...........
993, 453 1,381,900
Tot’lb oth Co’s J u ly ........... 121,557 176,360
95,552 3,583, 537 3,941,425
-Texas & Pacific. 2d wk Aug 110,452
30,867
23, 206
4,717
2,731
Tex.S.Val&N.W J u ly ...........
644, 117
655,498
23,164
17,923
Tol.A.A.&No.M. 3d wk Aug
1,222,860
,614
27,233
988,
56.719
Tol. & Ohio Cent. 3d w k Aug
572,884
510, ,386
18,576
20,575
Tol. P. & W est.. 2d wk Aug
916, 796 1,145,616
38,995
32,198
:T ol.St.L .& K .C . 3d w k Aug
180,448
174, 896
40,089
38,393
«Ulster & D e l__ J u n e .........
Union Pacific—
Un. Pac. R R .. June . . . , r> 1,188,197 1,530,287 6,565,710 8,505,990
Or.S.L. & U. N June . . . . . . 386,614 610,147 2,350,907 3,199,517
97,677 337,961 1.228.091 1,855,510
Or.Ry.&N.Co J u n e .........
U .P ac. D. &G. J u n e . . . . . . 200,216 321,651 1,307,474 1,990,024
760,866
513,654
74,044 120,174
F t W’th&D.C. J u n e .........
410,556
507.990
73,999
54,118
St.Jos.&Gd.Is. J u n e .........
90,261
13,464
58,656
7,553
Kan.C.&Om. J u n e .........
721,603
556,770
17,219
15,854
Tot.St.J.&G.I. 2d wk Aug
247,635
211,158
32,068
26,823
Cent.Br.......... J u n e . . . . . .
Ach.Col.&P. )
192,472
281,660
34,057
26,316
Ach.J.C.&W 5 J u n e .........
186,332
417,176
94,099
35,545
Montana U n .. J u n e .........
20,971
21,035
2,703
2,546
Man.Al.&Bur. J u n e .........
OPd total.*« J u n e ......... 2,245,593 3,343,880 14,025,581 .9,187,396
W abash.............. 2d wk Aug 271,129 262,373 6,649,226 8,212,215
95,625
13,644
82,415
15,188
W aco <feNorthw, J u n e .........
772,926
674,369
W est Jersey....... J u n e ......... 141,264 168,888
702,363
543,893
90,068
J u ly ........... 107,743
156,259
147,681
39,309
34,256
W est Va.&Pitts. M ay...........
228.991
243,822
33,264
37,968
’ W estern of Ala., J u n e .........
668,597
660,058
W est. Maryland. J u ly........... 120,720 112,027
68,200 1.777.092 2,242,615
73,000
West. N.Y. & Pa 2d wk Aug
715,889
968,546
29,477
28,592
Wheel. & L. Erie 3d wk Aug
9,354
9,693
2,079
1.739
Wil.Chad.&Con, M ay..........
250,784
291,872
44,500
36,383
Wil. Col. & Aug. May...........
42,410
44,103
5,194
7,960
Wrightsv.&Ten J u ly ...........
t Dicludes Milwaukee & Northern for all periods.
* Figures given do not include Leavenworth Topeka & Southwestern,
a Figures cover only that part of m ileage located in Soutn Carolina
h Inoludes earnings from ferries, etc., not given separately, t M exi­
can currency, c Includes only half of lines in which Union Pacific has
a half interest.
d Includes Ohio & Mississippi in both years.
f In
June and July Mil. Labe Shore & Western included for 1894, but not
for 1893; for previous months this road is m cluded in both years.

2d week o f August.

327

THE CHEONJLCLE

A ugust 25, Î894. |

Increase.

Decrease.

$

$

$
4,860

$
5,736

274,030

246,257

27,823

Western N. Y. & P en n ...
Wheeling & Lake E r ie ..

40,223
110,452
21,177
52,105
20,575
39,964
271,129
73,000
30,956

40 075
95,552
19,366
30,135
18,570
35,397
262.373
68,200
30,633

148
14,900
1,811
21,970
1,999
4,567
8,756
4,800
z7 s

To+al (72 roads)......... ..
Diet increase (0-23 p .o.)..

6,268,592
............

6,254,434

264,605
14,158

Sherman Shreve. & S o ...
Southern Railway.........)
Richm’d & Danville
Char. Col. & A u g ... )■
Columbia&Greenv. |
EastTenn. Va.&Ga. j
Tol.Ann Arbor &N.Mich.
Toledo & Ohio C entral...
Toledo Peoria & West’n ..
Tol. 8t. L. & Kan. C ity...

876

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

........
. . . . ___
250,447
.............

For the first week of August our final statement covers 83
roads, and shows 1*91 per cent loss in the aggregate.
1893,

1894.

1st week of August.

*
$
Previously rep’d (70 r’ds) 6,175,610 6 253,417 '
61,521
62.327
Burl. Ced. Rap. & North.
81,199
47,853
Chicago & Grand Trunk.
17,466
10,771
Oleve. Akron & Columb.
24,597
20.649
Det. Gr. H aven & Milw..
51,088
41,049
Duluth So. Shore & Atl .
1,980
2,750
Evansville & Richmond..
40.638
37,809
Grand Rapids & Indiana
7,649
8,141
Cin. Rich. & Ft. Wayne
792
1,014
Traverse C ity ................
2.40 Ï
2,162
Mus. Gr. Rapids & Ind
35,657
36,610
Interoeeanio (M ex.)........
11,023
11,210
Louisville Southern.........
60,137
60,177
M exican R ailw ay.. . . . . . .
Total <83 roads),.......

6,523,140

6,650,562

Increase.
$
234,288
803
. . . . ...
.............
....

492
953
13 40

286,763

Decrease.
*
362,095
33,346
695
3,948
10,039
770
2,829
222
241
........
........
414,185
127,422

The following will furnish a comparison of the weekly
results for a series of weeks past.
W EEKLY GROSS EARNINGS.

Period an d num ber o f roads: 1894.
included.
$
of June (75 roads) 5,471,365
of June (76 roads) 5,626,603
of June (74 roads) 5,561,553
4th week of June (75 roads) 7,254,082
(76 roads) 4,295,726
(72 roads) 4,522, -04
(31 roads) 5,991.946
(80 roads) 8,729,692
1st week of Aug. (83 roads) 6,521.140
2d week of Aug. (72 roads) 6,268,592

— Changes.Am ount.
1893.
P. ct.
$
$
6,983,068 d e l,513,701 21-67
7,117,460 d e l ,490,852 20-94
6,949.839 do 1,383,236 19-93
9,001,132 d e l,747,070 1 9 4 1
6,311.485 dc2,04 >,759 3 2-26
6,137,495 d e l, 615,201 28'31
6,349,895 dee.S 43,949 12-41
3-90
9,08 4,016 dee 3 >4,324
1-91
6 6 >0,562 deo.127,42 l
0-^2
6,254,43 4 iac. 14,158

Net Earnings Monthly to Latest Dates.—T h e following
s h o w s t h e g r o s s a n d n e t e a r n in g s t o la t e s t d a te s o f a ll ra ilr o a d s
fu r n is h in g m o n t h ly s ta te m e n ts . , T h e c o m p ila tio n in c lu d e s
e v e r y ro a d f r o m w h ic h w e c a n g e t r e tu r n s o f t h is c h a r a c te r ,
a n d in t h a t f o r m is g iv e n o n c e a m o u th . E a r ly r e tu r n s are
p u b lish e d fr o m w e e k t o w e e k , a s so o n a s is s d e d , b u t f o r t h e
c o n v e n ie n c e o f o u r re a d e r s a ll t h e r o a d s m a k in g r e tu r n s are
b r o u g h t t o g e th e r h e r e i n t h e w e e k in w h ic h w e p u b lish our
m o n th ly a r tic le o n n e t ea r n in g 3 —-say o n or a b o u t t h e 20th of
th e m o n th . A p a r a g r a p h m a r k (H) a p p en d ed to th e n a m e o f
a road, in d ic a te s t h a t t h e fig u r e s fo r t h a t ro a d for t h e p e r io d
g i^ e n h a v e n o t p r e v io u sly b e e n p u b lis h e d b y u s. B e sid e s t h e
road s fu r n is h iu g m o n th ly r e tu r n s w e a lso a d d th is tim e t h e
ro a d s w h ic h m a k e q u a r te r ly r e tu r n s.
— 2Yet E arnings.— —»
,---- Gross Earnings.
1894.
1893.
1894.
$
$
Roads. .
def.
1,871
3,578
Adirondack. . . ___ ITJune
17,457
25,150
Jan. 1 to June 3 0 —
def.4,623 def. 5,142
Alabama M idland....M ay
def.2,405 def. 14.348
Jan. 1 to May 31 —
91,506
7 6 ,7 8 0
A llegheny V alley.. .1] July
410,414
52 2,961
Jan. 1 to Ju ly 3 1 ---1,622
1,106
Annap. Wash. & B ...A p r.
3,189
5,330
Jan. 1 to Apr. 3 0 ....
1,543
2,501
Arkansas Midland.H June
14,146
18,708
Jan. 1 to Juae 3 0 ....
376,337 1 .384,151
At. T. & 8. F e ......... b May 2,622,423
Jan. 1 to May 3 1 .-..1 2 ,6 7 1 ,0 7 9 16,193,377 2,039,322 4 ,403,028
Ju ly 1 to May 3 1 ....3 2 ,1 9 3 ,5 8 4 33,021,242 8,736,470 11,656,842
144,366
253.249
St. L. & San F r .. .bM ay
601,958
£62,358
719,234 1,090,657
Jan. 1 to May 3 1 . . . . 2,973,142 3,531,714
July 1 to May 3 1 . . . . 7,213,203 8,672,978 2,177,086 3,101,358
520,703 1 ,637,400
A g g r e g a te total. ..b M ay 3,22 4,381 4,366,298
Jan 1 to May 3 1 __ 15,644,221 19,775,091 2,818,556 -5.493,685
, — -,— Judy 1 to May 3 1 ....3 9 ,4 0 6 ,7 8 7 46,694,220 10,913,556 14.7o8,20O
8 ,6 1 2
9,494
27,952
34,550
A tlanta & W. PointlT June
4 9,313
74,299
204,808
226,784
Jan. 1 to June 3 0 . . . .
7 ,0 9 2
6,558
19,065
19,704
Austin & N orthw .. ITJune
4 6 ,3 3 6
37,864
123,564
116,858
Jan. 1 to June JO ....
Baltim ore & Obio—
589,009
436,790
Lines E. O. R .b . ..J u ly 1,419,342 1,822,738
Jan. 1 to July 3 1 ---- 8,949,862 :10,943,618 2,595,701 3,322,31»
97,866
35,790
489,333
372,913
Lines W. O. R .b ...J u ly
479,551
190,026
2,461,544 3,588,163
636,875
472,580
- 1,792,255 2,112,071
11,411,406 :14,531,781 2,785,727 3 ,801,870
160,7
55
161,557
5
¿6,302
469,026
dB. & O. Southw’n.bApr.
726,008
718,650
Jan. 1 to Apr. 3 0 ---- ; 2,003,036 2,254,082
1
,0
8
9
,6
30
1,094,937
3,363,813
N ov 1 to Apr. 3 0 .... 3,052,801
Bangor & Aroostook.IT—
Apr. 1 to June 3 0 . . . .
Jan. 1 to June 3 0 ....
Bath & Hammonds IT. Juae
Jan. 1 to Juae 3 0 ....

71,238
144,854
1.55L
9,434

51,398
88,806
1,621
10,383

7,119
35,243
18
2,159

2 2,887
38,033
310
3 ,5 6 4

328

THE CHRONICLE.

[Vol, LiX.

-Gross Earnings.
----- Net E arning».
-Gross E arnings.—
-Net Earnings.—
1894.
1893.
1894.
1893.
Roads.
1894.
1893y
1894,
1893.
«
- Roads.
$
$
$
D el, Lack. & West. (Con.)
$
Birm. & Atlantic.bITJune
1,547
2.362
d ef.6 1
def. 29 2
Syra. Bingh. & N. Y.lf—
Jan. 1 to J me 3 0 ....
10,900
17,170
def. 205
527
Apr. 1 to June 30 . .
267,695
281,816
147,457
152,077
Ju ly 1 to June 3 0 ___
21,934
37,822
2,077
4,267
Jan. 1 to June 3 0 ...
432,812
464,411
209,951
2 10 ,1 5 4
Boston & Albany. IT—
3 501,868
747,189
153,848
316,007
Apr. 1 to June 3 0 ___ 2,164,714 2,499,039
832,880 1,006,600
. 3,052,569 4,303,435 1,141,969 1,778,219
Jan. 1 to June 3 0 ___ 4,191,284 4,81 >,646 1,608,275 1,824,263
Ju ly 1 to June 3 0 __ . 6,476,044 9,317,617 2,503,493 4 ,035 ,5 6 2
Boston & M aine.TÍ—
Apr 1 to June 3 0 . . . . 4,008,356 4,531,086 1,501,025 1,253,655
J
85,779
99,307
13,356
16,052
Jan. 1 to June 3 0 ....
Jan. 1 to June 3 0 . . . . 7,398,879 8,319,487 2,550,966 2,356,573
503,841
588,714
60,834
99,802.
Bost. R ev.B ’h & Lynn.IT—
Duluth & Iron Ranged—
Apr. 1 to June 3 0 __
63,126
75,804
12,096
15,121
Jan. 1 to J une 30 . . .
674,997
533,705
372,809
223,6 2 6
Jan. 1 to June 3 0 ....
114,708
129,040
20,406
19,358
Edis tn El. IL Co., N. Y..J uly
86,648
80,874
39,728
33,498
Bridgton & Saco Riv.1T—
Jan. 1 to July 31
774,402
690,729
415,372
315,800
Apr. 1 to June 3 0 . . . .
5,666
6,501
781
1.564
Jan. 1 to June 3 0 ....
13,593
12,687
4,122
3,790 Ed.El.111. Co., B k lyn .. July
27,139
18,257
8,057
4,081
Jan. 1 to Ju ly 3 1 ..,.
214,019
146,022
Br’klyu E lev a ted a .J u n e
154,953
171,838
63,531
91,234
62,054
71,599
Jan. 1 to June 30. ., .
917,598
995,698
360,949
433,967
>
56,415
67,394
5,564
16,052
J u ly 1 to June 3 0 ... 1,761,180 1,947,130
669.981
840,743
Jan. 1 to June 3 0 ..
493,864
462,080
138.922
98,2 8 0 s
Bufi. Rock. &Pitts. Ub June
119,851
303,856 def.40.380
119,435
J u l y l to June 3 0 ..... 1,020,323
920,030
320,459
242*357
Jan. 1 to June 3 0 .,,. 1,082.888 1,656,220
236,840
504,165
Ju^y 1 to June 3 0 .... 2,819,324 3,354,462
769,390
997,052 Elm ira Cort. & North. H—
Apr. 1 to June 30 ___
77,664
93,783
14,061
31,256
319,853
Burl. Ced.R.A No.alTJune 273,683
38,636
54,969
Jan. 1 to June 3 0 ....
158,427
188,617
34,541
53,391.
Jàn. 1 to June 3 0 . . . . 1,762,312 1,883,960
445,007
400,223
Eureka
Springs.
.
.
.
H
June
89,939
Camden & A tl.. . . , alTJun e
i
6,174
82,547
7,610
17,690
3.983
10,467
2 ,173
Jan. 1 to June 3 9 ....
Jan. 1 to June 3 0 ....
344,533
33,653
315,826
41,998
49,394 def.5,385
18,305
1 9 ,6 8 8
Canadian P acific.a..June 1,458,683 1,390,873
435,957
722,327 Fall Brook.—1T
Jan. 1 to June 3 0 ___ 8,137,769 9,459,997 2,285,231 3,069,270
Apr. 1 to June 3 0 . . . .
135,714
163,849
32,712
72,010
Jan. 1 to June 3 0 ....
2,444
Carolina Midland.. ITJ une
273,314
2,491 def. 1.385 def. 1,598
348,300
76,740
161,844
Jan. 1 to June 3 0 . . . . '
21.622
23,510
def. 274
def. 773 Fitchburg. IT—
58,972
July 1 to June 3 0 ....
61,222
14,850
9,505
A .pr. l to June 30 . . . 1,701,818 1,966,417
524,912
576,405'
Jan. I to June 3 0 .... 3,175,928 3,664,130
Cent, of N. J ersey .a . June 1,219,425 1,320,297
523.454
871,084
572,332
907,066
Jan. 1 to June 3 0 .... 5,755,286 7,136,867 1,837,632 2 ,7 tl,4 6 6 Fla. Cent. & P e n .. ITJune
215,549
143,013
88,862
49,377
Jan. 1 to June 3 0 .... 1,319,276
Central Pacific..bU .June 1,155,050 1,308,225
878,719
435,325
534,939
430,676
293,425
Jan. 1 to June 3 0 .... 6,021,805 6,751,771 2,075,022 2,464,772 FI nr & Pere M ar.a.. June
186,158
243,009
41,742
5 2 ,8 2 4
Jan. 1 to June 3 0 .... 1,204,374 1,482,013
Cent. Penn. & West. IT—
314,615
340,754
Aor. 1 to June 3 0 ....
5,864
6,428
981
120 Gadsden & A tt Ua.Ii June
531
723
297
467
Jan. 1 to June 3 0 ....
10,611
11,166
1,022
def. 6 26
Jan. 1 to June 3 0 ....
3,137
5,121
1,689
3 ,0 9 9
Cbar Cin. & Chic-IT June
10,392
9,821
1,577 def. 4,059 G eorgia.a ..................July
82,319
80,892
114,553
13,718
Jan. 1 to Juné 3 0 ....
81,496
77,497
9,791 def.27,404
Jan. 1 to July 31 ___
696,472
747,607 1171.638 1116,100
Char. Sumt. <fe Nor..1TJune
8,430
8,609 def.4,735 def.4,878 G a 8outh’n &Fla.b1TJune
71,559
69,934
15,803
9,865
Jan. 1 to June 3 0 ___
79,336
82,899 def. 6,815 def.3,741
Jan. 1 to June 3 0 ....
422,832
414,694
89,600
60,827
July 1 to June 3 0 ___
3,856
Chatauqua Lake.. H. June
831,052
5,616
817,322
791
180,886
430
1 7 6 ,9 7 9
Jan. 1 to June 3 0 ....
19,413
21,866
2,297
903 G eorgetown & West.—IT
Cheraw & D ari.. b fl. J une
4,265
Jau. 1 to June 3 0 . . . .
18,394
5,255 def.3,782
23,417
6,701
def. 634
8,153
40,590
Jan. 1 to June 3 0 ....
48. ¿49
179
11,861 Grand Rap. & In d .f.Ju n e
198,283
252,140
43,492
40,358
Ju ly 1 to June 3 0 ....
84,228
88,989
12,240
24,875
1,139,207 1,492,919
211,038
279,381
698,321
Chesap. & O hio.. .allJ u n e
811,572
237,678
201,941
1,423,286 1,574,915
474,289
504,389
Jan. 1 to June 3 0 .... 4,125,491 4,947,902 1,311,382 1,387,606
6,834,283
7,466,158
1,587,695
1,823,951
July 1 to June 30 . . . 9,044,108 10,349,765 3,016,980 3,202,934
Chic. & Gr’d Tr....... May
254,611
300,133
18,892
53,771
147,974
Ches. O. &So’w n.b...June
175,253
57,411
58,003
Jan. 1 to May 3 1 .... 1,204,766 1,429,451
34,445
172,354
9 57,912 1,16 L,605
Jan. 1 to June 3 0 ....
285,661
405,751
Det. Gr. H. & M il... May
78,094
94,217
10,808
19,417
Ohio.Bur. & North, b . June
132,751
167,205
17,185
21,729
Jan. 1 to May 3 1 ....
384,096
436,932
36,137
49,394
Jan. 1 to June 30. , . .
798,718 1,177,265
163,045
383,431 Gulf & Chicago...bTTJune
2,609
2,646
def.
215
def. 6 7 9
Ohio. Burl. & Q uin.bJune 2,363,448 3,212,679
8 0 ',9 5 8 1,062,804
Jan. 1 to June 3 0 ___
20,135
19,971
265
3,531
Jan. 1 to June 3 0 .,..1 5 ,1 6 0 ,1 4 0 18,976,009 5,307,231 5,814,107
Helos. Tun. & Wilm.1TJune
3,442
3,931
923
1,546eChic. M. & St. P .a ..J u n e 2,383,942 2,904,971
960,464 1,058,90 >
Jan. 1 to June 3 0 ....
17,829
18,227
4,311
4,752
Jan. 1 to June 3 0 __ 13,678,275 16,210,364 4,640,963 4,855,727
Houst.
E.
&
W.
Tex...M
ay
27,417
32,495
6,819
8,092
Ju ly 1 to June 3 0 ....3 1 ,3 2 7 ,9 3 1 35,743,428 11,213,618 12,030,485
Jan. 1 to May 3 1 ___
164,578
179,515
50,132
50,168
Chic. & W. Mich....... June
125,768
160,480
31,279
25,152
J u l y l to May 3 1 ....
416.981
428,009
163,125
121,926
Jan. 1 to June 3 0 ___
741,234
942,211
93,331
159,187 Hlinois Central, a ..J u n e 1,337,336 1,952,405
257,003
798,770
Cin. Jack. & Mack. if b J une
45,930
55,926
6,274
Jan. 1 to June 3 0 .... 8,517,325 9,900,830 2,028,406 2,948,133
6,118
Jan. 1 to June 30___
291,794
340,661
44,634
57,621
Ju ly 1 to J uue 3 0 ___520,657,464 20,095,190 6,288,048 5,811,256
J u ly 1 to June 3 0 ___
618,123
735,539
83,780
177,367 Ind. Deo. & W est.. June
27,270
35,957
2,145
11,5 6 8
422
Ginn. & Kent. So.IT-. June
990
def.412
121
Jan. 1 to June 3 0 ....
165,150
219,892
17,682
49,921
Jan. l to June 3 0 ....
4,967
7,115 def.3,619
310
Ju ly 1 to June 3 0 ....
337,870
504,931
70,910
147,216Cinn. Lebanon & Nor.1T—
Iowa Central___bIT.June
105,142
158,299
11,499
70,16«.
Jan. 1 to June 3 0 ....
57,641
62,016
19,107
21,023
Jan. 1 to June 30 . . .
813,610
907,655
231,807
267,379
Cin. N .O .& T ex.P ..a.M ay
247,000
July
1
to
June
3
0
....
343,016
1,823.456
34.000
1,955,633
623,869
71.000
580,666
Jan. 1 to May 3 1 __ 1,392.000 1,663.351
335.000
389,702 Iron R ailw ay
b1T- June
2,411
5,019
def.6 26
1,6 0 9
J u l y l to May 3 1 ..., 3,325,972 3,831,355
840.000
910,184
Jan. 1 to June 3 0 ___
19,534
2 2,435
2,283
2,844
N. O. & N o’e a st...a M a y
80,000
Ju
ly
1
to
June
3
0
___
38,524
113,000
6,000
43,358
19.000
3,573
3,341
Jan. 1 to May 3 1 ___
467,000
589,721
64.000
92,995 Jack. Tam. &K. W..TTJuly
36,377
37,274
3,915
1,291
J u l y l to May 3 1 . . . . 1,209,940 1,312,885
228.000
216,995
Jan. 1 to Ju ly 3 1 ___
510,473
524,473
215,973
196,137
Alab’a & V icks___aM ay
33,000
38.000
Nil.
4,0 '0 Kanawha & M ich.b..M ay
32,305
34,483
10,469
9
,5 9 9
Jan. 1 to May 3 1 ___
204 ,€ 0 )
226 846
39.000
48.253
Jan. 1 to May 3 1 ___
14 i,952
147,963
34,693
45,417
July 1 to May 3 1 . . . .
533,615
547,188
129.000
99.253
Ju ly 1 to Maÿ 3 1 ___
336,981
339,174
99,013
111,245
Vicks.Sh.& P a c .. . a May
33,000
34.001 def. 1,000 def.4,000 k K an . C.Ft. S.& M .a June
368,284
371,618
104,800
25,349
Jan. 1 to May 3 1 ___
206,000
213,552
37.000
39,910
Jan. 1 to June 3 0 ___ 2,354,201 2,701,364
687,315
615,041
J u l y l to May 3 1 . . . .
518,914
527,961
133.000
124,910
July 1 to June 3 0 .... 4,890,018 5,661,398 1,438,035 1,500,012:
Cin. Ports. & Vir.bU.June
24,542
24,176
6,047
5,300 Kan.C. Mem. & B .a..Ju n e
74,505
79,785
6,648 def. 5,535
Jan. 1 to June 3 0 . . . .
1 L7,315
128,843
20,641
19,047
Jan. 1 to June 3 0 ....
499,277
517,283
59,061
69,929
July 1 to June 3 0 ___
254,757
277,137
41,077
51,146
Ju ly 1 to June 3 0 ___ 1,077,847 1,168,948
182,010
179,757
Olev. Akron & Col. b .. Mar.
75,745
92,284
22,146
26,576 Keokuk & West’n bTTJune
25,976
23,263
3,190
5,043
Jan. 1 to Mar. 3 1 ___
213,283
216,520
57,586
49,193
Jan. 1 to June 3 0 ___
178,162
182,363
54,756
56,997
Ju ly 1 to Mar. 3 1 ....
681,255
762,621
193,328
196,671 u Erie All. & So..aTT June
3,571
6,714 def. 1,0 08
1 ,7 0 5
Cüev.Cin.C.&St.L.aTÍJuue 1,021.066 1,208,104
263,376
337,444
Jan. 1 to June 3 0 ___
32,539
40,190
3,946
6,769
Jan. 1 to June 3 0 . . . . 5,917,320 6,672,937 1,510,035 1,587,469
253,508
307,785
92,408
124,035
July 1 to June 3 0 ___1 3,034,050 14Í669Í056 3,283,546 3,704,269 L. Erie <&W est’n .b . .June
Jan. 1 to June 3 0 ___ 1,503,156 1,801,062
603,335
732.408
P eoria& E ast’n.fl a June 116,984
148,126
3,614
4,609 Lake Sh. & Mich. So.H —
Jan. 1 to June 3 0 . . . .
I
713,327
813,569
41,783
64,138
Jan.
1
to
June
3
0
....
9,382,241
11,316,580
J u ly l to June 3 0 .... 1,609,806 1,740,502
3,198,415
3,439,910
177,190
272,353
Col. Newb. & LaurensTT—
Lehigh & Hud. Riverir—
Apr. 1 to June 3 0 ,...
Apr. 1 to June 3 0 ...,
14,482
11,368
103,597
3,896 def. 4,831
139,454
30,595
43,746
Jan. 1 to June 3 0 ....
Jan. 1 to June 3 0 ....
42,224
33,611
185,947
13,569
256,748
1,693
49,148
7 9 ,2 9 9
Col. H. V. & T o l.b ... Apr.
232,655
277,952
114,989
114,154
141,361
111,982 Louisv. Ev. & St. L ..Apr.
24,004
21,039
Jan. 1 to Apr. 30 . . .
Jan. 1 to Apr. 3 0 ....
809,944 1,085,632
470,430
334,352
603,271
434,500
118,310
116,357
Crystal— .......... ..If June
753
1,307
def. 34
476 Louisv. & Nashv.bITJune 1,544,809 1,713,844
464,593
4 89,9 0 4
Jan. 1 to June 3 0 ....
5,036
Jan. 1 to June 3 o .... 9,218,413 10,718,711 3,235,975 3,509,675
8,241
1,629
4,121
J u l y l to June 3 0 ....1 8 ,9 7 4 ,3 3 7 22,403,639 7,110,552 8,020,996
Cumberland V alley ITJune
66,440
83,830
26,662
19,331
Jan. 1 to June 30 . . .
331,830
427,074
298,573 . 76,818
93,648
104,674 Louisv. N. A. & C .a...M ay 233,604
106,656
Jan. T to May 3 1 ---- 1.047,958 1,283,185
Delaware & Hudson—
269,637
370,338
July 1 to May 31 ---- 2,902,683 3,084,843
921,759
Rennse. & Saratoga. IT—
942,394
Apr. 1 to June 3 0 ....
536,464
582,547
36,089
51,546
152,263
182,034 Louisv. St. L.&Tex. IT.June
8,281
19,042
Jan. 1 to June 3 0 ....
965,078 1,051,710
Jan. 1 to June 3 0 ___
195,623
296,396
233,475
269,428
33,874
103,451
New Y o r k * Canada.U—
Louisv. Southern..1T.Juae
45,349
49,912
10,665
3,824
Apr. I t o June 30 . . .
210,807
223,260
Ju ly 1 to June 30 ___
601,457
690,609
129
def. 141
46,885
1 8 2 ,5 3 2
Jan. 1 to June 3 o ....
365,890
407,152
32,358
21,648 Macon & Birming.. ITJune
5,601
5,418
def.
95
7
764
Albany & Susqueh.1T—
Jan. 1 to June 3 0 ___
36,254
33,730
4,323
4,586
Apr. 1 to June 3 0 __ 1,015,883 1,086,792
Ju ly 1 to June 30. . . .
71,050
69,761
417,965
480,615
12,331
11,200
Jan. I to Jane 3 0 .... 1,'803,'781 2,118,306
700,593
912,856 M anhattan Elevated.IT D elà. Lacka. & Western—
Apr. 1 to June 3 0 .... 2,485,665 2,879,561 1,045,544 1,429,304
N Y. Lacka. & West.H—
Jan 1 to June 3 0 .... 5,046,4 20 5,656,028 2,207,726 2,775,397
Apr. 1 to June 3 0 . . . . 2,277,592 2,427,993 1,100,631 1,232,623
....H Ju n e
10,761
8,085
8,245
3,053
.. Jan. 1 to JuneJIO .... 3,683,949 4,259,396 1,642,676 2,065,840 M»n’3tique.......
Jan. 1 to Jim e 3 0 . . . .
39,977
60,223
18,593
3 2 ,6 6 7




A u g u st 25 1894.]

THE CHRONICLE.

-Net E arn ings.-—
— Grots E arnings.—
1894.
1893.
1893.
1894.
$
Roads.
7,072
def.
6,676
109,415
89,277
Memphis & Char.......A.pr.
233,099
227,297
682,235
692,740
M exican Central___Jane
Jan. 1 to June 3 0 ___ 4,293,951 4,059,102 1,376,95 ) 1,399,646
71,874
182,838
8 3.784
179,245
Mex. International.. June
457,749
304,170
Jan. 1 to June 3 0 ___ 1,062,363 1,069,283
331,160 f 139,842 f i l l , 013
347,894
Mexican N atio n al...Ju n e
Jan. 1 to June 3 0 ___ 2,119,760 2,218,495 f884,546 f796,225
31,820
58,409
M exican Northern . . .May
143,784
268,906
Jan. 1 to May 3 1 ....
Mich?. Cent. & Can. So.IT—
Jan. 1 to June 3 0 .... 6,169,000 7,550,000 1,740,000 1,765,000
33,009
49,638
166,547
125,702
Minn. & St. Louis.a.. June
262,512
261,185
859,708
783,314
Jan. 1 to June 3 0 ....
706,812
656,412
Ju ly 1 to June 30 . . . 1,708,871 ,1 974,498
Mobile & Ohio.li­
504,122
511,249
ja n . 1 to June 3 0 .... 1,589,491 1,666,845
Mwaterey & Mex. GulfU—
65,983
72,398
267,349
272,777
Apr. 1 to June 3 0 ....
143,383
174,523
536,214
563,471
J*n. 1 to June 3 0 ....
161,090
141,994
350,674
411,690
Nash. Ch.&St.L. .b ... July
999,580 1,093,937
Jan. 1 to July 3 1 .... 2,602,213 2,869,046
857
4,274
295
2,343
Nevada Central. . . . ITJune
5,311
571
24,451
13,217
Jan. 1 to June 3 0 ....
10,899
2.842
48,325
28.663
Ju ly 1 to June 3 0 ....
def.600 def. 6,208
8,883
6,225
N ew Orl.<&South.a.1T June
64,045 def.1,731 def.2,241
48,464
Jan. 1 to June 3 0 ....
492
7,603
143,836
120,973
J u ly 1 to June 3 0 ___
N . Y. C en t.* H . Riv.-IT—
_____
Apr. 1 to June 3 0 ....1 0 ,0 7 8 .0 0 0 11,983,953 3,052,000 3,713,510
Jan. 1 to Jtine 30. ...1 9 ,8 0 0 ,8 5 5 22,670,813 6,493,462 7,095,011
N . Y. Ch. de St. L ouis.b—
238,265
171,231
Apr. l t o June 8 0 .... 1,240,072 1,511,243
585,005
322,779
Jan. 1 to June 3 0 .... 2,538,075 3,144,828
N.Y.L.E. & West’n.c.June 2,180,421 2,668,683 *720,389 *963,947
Jan. 1 to June 3 0 .... 11,379,056 14,488,357 *2,878,043 *4,677,912
Oct 1 to June 3 0 ! ...18,684,813 22,369,229 *5,244,270 *7,411,826
N ew York & N ew Eng. IT—
474,107
298,010
Apr. 1 to June 3 0 .... : ,348,263 1,658,465
756,765
504,270
Jan. 1 to June 30 . . . ,473,256 3,098,570
2,827
14,230
48,782
47,101
N.Y.& Putnam .......... Mar.
31,341
def.18,8
86
130,283
127,376
Jan. 1 to Mar. 31 . . .
110,572
125,324
374,198
N . Y. Ont. & W est.a..June 379,86?
464,593
368,230
Jan. 1 to June 3 0 ---- ,746,961 1,80 >,981
889,948
,842,120 3,688,174 1,109,579
Ju ly 1 to June 3 0 —
N . Y. Phila. & NorfolkIT—
98,401
99,511
454,097
446,227
Jan. 1 to June 3 0 ....
74,583
51,991
165,153
157,501
N. Y. Sus. & W est.b . June
349,095
299,782
832,636
803,055
Jan. 1 to June 30 ___
775,147
748,320
July 1 to June 3 0 .... ,753,328 1,756,414
47,784
18,981
20,588
44,495
N orfolk & South----- June
73,479
83,188
234,153
234,958
Jan. 1 to June 3 0 . . .
153,108
438,972
146,888
437,091
Ju ly 1 to June 3 0 ....
219,860
235,496
829,395
916,114
Norfolk & W e st.a ...J u n e
Jan. 1 to June 3 0 ___ ,855,178 5,076,821 1,214,431 1,313,609
137,975
227,588
653,105
493,411
Northern Central b..June
738,082 1,043,256
,697,147 3,494,551
Ogdensh. & Lake Champ,
and Bar.& St. Law .. .IT—
78,674
71,141
208,080
171,393
Apr. I to June 3 0 ....
100,962
110,834
368,382
319,256
Jan. 1 to June 3 0 ---23,515
15,895
65,82E
53,036
Ohio River, b ___....J u n e
99,934
125,381
373,506
299,231
Jan. 1 to June 30 ___
39,951
44,436
328,714
309,353
Oregon Imp. C o.a....Ju n e
261,984
303,378
Jan. 1 to June 3 0 — 1,805,859 1,816,411
306,665
324,922
2,118,056
2,086,836
Deo. 1 to June 3 0 ....
824,834 1,429,907
Penn, (east P. & E .).J u n e 4,162,281 5,782,462
Jan. 1 to June 3 0 ....2 6 ,2 4 8 ,1 7 7 33,885,417 6,870,718 8,835,465
Deo. 653,351
Lines w est P.& E. Juné j
Deo.1,164,402
D eo.1,734,844
Jan. 1 to June 3 0 ___
Deo.4,636,366
22,081
9,233
Peoria Dec. & E v....A p r55,749
67,206
101,561
73,312
Jan 1 to Apr. 3 0 ___
254,730
285,09b
11,726
12,472
Petersburg............ IT.June
43,363
49,700
97,659
78,686
Jan. 1 to J une 3 0 ....
274,587
293,908
208,661
166,676
J u l y 1 to June 3 0 ....
505,364
542,685
212,873
65,960
■Philadelphia & Erie. June
343,693
558,591
847,690
411,838
J a n . 1 to June 3 0 . . . . 1,697,943 2,550,039
851,862
976,848
Phila. (Sc B eadin g__ June 1,997,307 2,024,749
Jan. 1 to June 3 0 — 9,309,553 11,074,936 3,870,167 3,950,939
4,826.783
4,650,394
Dec. 1 to June 3 0 .... 11,062,064 13.043,303
15,138
211,742
Coal & Iron Co__ June 2,348,984 2,098,301
63,308
Jan. 1 to June 3 0 ___10,225,838 11,363,006 df.155,998
52,053
df.38,546
Dec. 1 to June 3 0 ___12,505,148 13,063,352
857,050
1,183,590
Total both Co’s __ June 4,346,291 4,123,050
Jan. 1 to June 3 0 .... 19,535,391 22,437,942 3,714,169 4,014,247
Dec. 1 to June 30....2 3 ,5 6 7 .2 1 2 26,111,655 4,611,848 4,878,836
P itts. Char. & Yo’gh’y.lT—
...
17,279
3,703
■ Apr. 1 to June 3 0 ....
18,426
54,290
27,052
10,063
Jan. 1 to June 3 0 ....
38,587
91,233
Deo.
1,454
P itts. C. C. & St. L .. .July
Dec. 200,659
Dec. 332,234
Jan. 1 to July 31 ___
D ee.1,534,386
def. 70
def.402
Pitts. Mar. & Ohio..II June1,820
3,394
1,915
3,320
Jan, 1 to June 3 0 ....
15,437
19,748
88,567
20,242
Pitts. Youngs. & A ... Juné
92,101 188,830
295,763
135,006
ja n . 1 to June 3 0 ....
447,338 720,783
303
Port Royal & Aug.TJune
13,252
14,748 def.8,604
20,640
1,890
Jan. 1 to June 3 0 ....
140,790
147,023
4,594
1,445
Quin. Om.& K. C .b .July
17,638
,2 2 ,9 5 1
36,828
35,421
^ Jan. 1 to July 3 1 ....
128,636
155,134
178,879
152,293
■Richmond & D an v... May 727,035
784,368
942,536 1,043,379
Jan. 1 to May 3 1 .... 3,535,211 3,744,987
J u ly 1 to May S I...'. 7,884,387 8,551,554 2,181,057 2,721,791
4,144
def.17,708
Georgia P acific— May 108,251
133,265
90,020
63,103
Jan. 1 to May 3 1 .,..
737,715
789,102
279,408
327,402
Ju ly 1 to May 3 1 .... 1,784,716 1,824,307
3,233
Char. Col. & Aug... May
4=9.19?
J ih ’l í l def.5,937
57,714
28,431
Jan. 1 to May 3 1 ....
283,6o6
277,368
170,344
108,896
;
J u l y 1 to May 3 1 . . . .
613,455
629,668
507 def.5,622
Col. & G reenville.. May
33,429
32,406
57,915
70,133
Jan. 1 to May 3 1 . , , .
246,681
22 7,678
157,656
168,318
July 1 to May 3 1 ....
517,918
523,598
180,634
129,155
T o t a l . . . . . . . . . ......... May 917,824 1,001,626
i
Jan. 1 to May 3 1 .: .. 4.803,263 5,039,135 1,104,203 1,254,028
2,785,673 3,329,199




329

—.Net E arn ings.-— ,
-Gross Earnings.—
1894.
1893.
1894.
1«93.
Roads.
$
.$ .
8,708
5,095
32,876
Rich. & PetersburgIT June
29,352
43,441
47,460
185,297
Jan. 1 to June 3 0 ....
167,998
70,888
105,207
359,773
Ju ly 1 to June 3 0 ....
318.011
10,182
26,439
81,079
Rich. Fred. & Pot-.ITJune
66,164
149,745
Jan. 1 to June 3 0 .: ..
363,841
138,038
422.472
234,662
230,363
782,095
Ju ly 1 to June 3 0 ....
673,520
14,252
18,394
46,562
R ioG randeSouth.brJune
32,044
131,398
73,917
298,343
Jan. 1 to June 3 0 . . . .
161,301
83,474
43,011
219.338
Rio Grande W est.b .June
171,130
366,961
265,108
Jan. 1 to June 3 0 . . .
958,358 1,111,012
724,304
893,316
Ju ly 1 to June 3 0 .... 2,101,319 2,496,433
4,621
3,456
11,738
Sag.Tus.&Huron.-TTJune
11,080
18,495
12,068
58,310
Jan. 1 to June 3 0 ....
53,657
8,632
2,717
2,625
Sag. Valley & St. L . .June
7,140
47,130
13,928
13,081
Jan. 1 to June 3 0 . . . .
41,995
St. L. A. & T. H.b.ITJune
80,500
117,313
19,634
37,942
Jan. 1 to June 3 0 . . . . 617,081
786,010
242,059
297,592
57,871
61,309
St. Louis Southw’n...Mar. 364,511
444,083
109,209
193,641
Jan. 1 to Mar. 3 1 .... 1,068,537 1,301,295
726,295
819,783
July 1 to Mar. 31 . . . 3,714,179 3,994,161
42,720 def.1,588
St. Paul & DuL.-b.1T.June 127,969
156,593
155,698
150,033
Jan. 1 to June 3 0 ....
627,084
827,450
463,869
677,477
Ju ly 1 to June 3 0 ___ 1,513,393 2,105,274
23,440
146,362
18,873
117,768
San Ant. & Aran. P ,. June
79,296
38,444
681,352
853,256
Jan. 1 to June 3 0 ....
32,323
27,995
76,237
77,670
San F r.& N .P ao.a...... July
126,692
134,792
460,719
442,579
Jan. 1 to July 3 1 ___
4,666
3,920
41,616
32,932
Sav.Amer. & Mont.ITJune
23,852
8,050
232,434
207,955
Jan. 1 to June 3 0 ....
89,066
35,159
567,919
438,020
July 1 to June 3 0 ___
43,258
199,492
227,696
58,298
Sav. Fla. & West---- May
516,785
556,840
Jan. 1 to May 3 1 .... 1,361,313 1,360,709
July 1 to May 3 1 .... 2,809,845 2,733,496 1,040,296 1,027,247
3,530
9,079
3,088
6,745
Silverton......... .....IT .June
6,087
4,841
23,390
Sioux City & N or....M ar.
17,506
17,412
23,719
72,810
Jan. 1 to Mar. 3 1 . . . .
62,220
10,512
1,194
90,989
South Car. & Ga....ITMay
77,886
Southern Pacific—
54,017
39,057
319,613
254,655
Gal.H. & S.Ant.bITJune
503,193
420,791
Jan. 1 to June 3 0 .. 1,890,278 2,169,701
37,610
21,933
88,337
60,126
Louisiana West. bTTJune
257,633
193,919
565,347
451,494
Jan. 1 to June 3 0 ..
48,226
397,929
72,068
399,644
M’gan’s La.& T.bITJune
464,269
411,937
Jan. 1 to June 3 0 .. 2,634,200 2,594,779
6,746
4,330
21,544
N .Y.Tex. &M..b1T June
16,243
28,083
24,819
113,560
Jan. 1 to June 3 0 ..
106,079
59,851
26,150
141,128
Texas & N. O .b . ITJune
91,583
433,716
287,284
933,241
Jan. 1 to June 3 0 ..
734,795
160,717
974,824
204,579
A tlantic s y s ..b ...|| lune
826,438
1,692,500
1,343,679
6,434,922
Jan. 1 to June 30 . . . 5,836,268
878,166 1,164,961
Paciflo sy stem .b ..J u n e 2,559,777 3,038,439
Jan. 1 to June 3 0 ..14,826,555 16,726,133 4,982,849 5,818,458
Total of a ll.b ...J u n e 3,383,215 4,013,263 1,038,883 1,369,540
Jan. 1 to June 30..20,692,823 23,161,058 6,326,528 7,510,958
224,684
333,882
890,800
671,566
So. Pao. of Cal...ITJune
4,521,340 5,104,781 1,679,903 1,930,128
166,914
42,591
58,954
147,508
So. Pac. of Ariz’alfJune
339,035
371,069
998,980 1,058,138
Jan. 1 to June 3 0 ..
def.4,726
74,543
25,275
71,092
So.Pao. of N. M.bITJune
76,846
501,542
206,272
455,766
Jan. 1 to June 3 0 ..
Spartanburg Un. & Col.Il­
15,289
5,732
55,175
64,501
ia n . 1 to June 3 0 ....
116,722
69,710
49,189
127,827
Staten I. Rap. T r .M J u n e
140,364
108,353
456,126
462,617
Jan. 1 to June 3 0 ---366,640
837,966
July 1 to June 3 0 .... 1,031,373 1,054,031
2,417
1,480
5,824
4,998
Stony Cl. & C. M .. bIT June
14,880
1,918 def.3,860
12,893
Jan. 1 to June 3 0 ---19,602
24,055
59,767
45,675
Ju ly 1 to June 3 0 —
90,307 def.15,106 def.7,003
63,269
Summit B ran ch .. ..IT. July
8 8 ,9 8 6
742,607 def.12,932
525,555
Jan. 1 to July 31 —
86,053 def.16,663 def.1,362
58,238
Lykens Valley...IT.July
def.
19,850
62,251
639,293
467,898
Jan. 1 to July 3 1 ..
176,360 def. 31,774 def. 8,635
121,557
Total both Co’s..IT.July
155,237
993,453 1,381,900 def.32,782
Jan. 1 to July 3 1 ..
30,800
Tenn. Coal I. & R R ..June
285,500
Jan. 1 to June 3 0 ....
214,300
Feb. 1 to June 3 0 ....
1,183
3
4,071
2,544
Tex. Sab.V. & N.W.1T June
8,566
26,150 def.2,261
20,475
Jan. 1 to June 3 0 ---Tioga 1T—
43,918
14,576
85,396
43,241
Apr. 1 to June 3 0 —
43.995
90,713
171,474
113,310
Jan. 1 to June 3 0 . . . .
1,033
4,425
86,977
80,639
Tol. A. A. & No. M.ITJune
120,796
def.10,924
515,674
496,711
Jan. 1 to June 3 0 ---3,270
33,543
142,700
75,078
Toledo & O. C ent.b...M ay
179,947
277,065
821,330
563,186
Jan. 1 to May 31 —
685,193
534,496
Ju ly 1 to May 3 1 .... 1,541,856 1,949,401
14,009
14,108
72,647
70,512
rol.Peoria&West.b1T.July
115,570
75,840
533,715
470,877
Jan. 1 to Ju ly 3 1 ---8,855
7,862
40,039
33.393
Ulster & Delaw’e. .1TJune
45,644
36.482
130,448
174,896
Jan. 1 to June 3 0 ....
138,902
140,561
433,471
428,053
July 3 to June 3 0 ....
Union Pacific—
317,796
625,876
1,188,197 1,530,287
6,565,710 8,505,990 1,700,580 3,046,343
56,251
293,708
610,147
386,«14
Oreg.S.L.&U.N. bITJune
619,179 1,208,194
Jan. 1 to June 3 0 .... 2,350,907 3,199,517
82,627
337,961
d
f.106,872
97,677
Ore. Ry.& N.Co.bITJune
339,918
Jan. 1 to June 30 . . . 1,228,091 1,355,510 df.176,947
38,816
321,651 def. 16,732
200,216
Un.P.D.&Gulf.b.1T June
351,124
201,567
ja n . 1 to June 3 0 .... , 1,307,474 1,990,024
26,863
def.
10,410
120,174
74,044
Pt. Worth&D.C b. ITJune>
170,320
39,582
760,866
513,654
Jan. 1 to June 3 0 ....
15,387
73,999 def.2,931
54,118
St. Jos. & Gd.Isl.b1T June>
161,544
93,406
507,990
410.556
Jan. 1 to June 3 0 —
805
def.8,436
13,464
7.553
Kan. 0. & Om...b1TJunei
20,301
90,261 def.7,299
58,656
Jan. 1 to June 3 0 , . . .
7,162
7,319
32,068
26,82 3
Cent. Branch...bH Junei
84,263
80,182
247,635
211,158
Jan. 1 to June 3 0 ....

THE CHKON1CLE.

330
Gross Earnings.1894.
1893.
Hoads.
U nion Pacific ( Con.)—
$
$
Aten. U. <fe Pac. £ HvTiino
26,316
34,057
Ai.Jew.C.&W . $ o ,| June
192,472
281,660
Jan. 1 to June 3 0 . . . .
35,545
94,099
Montana Union bU June
Jan. 1 to June 3 0 ....
186,332
417,176
2,703
2,546
Man. Alma & B .. bU June
21,035
20,971
Jan. 1 to June 3 0 ___
Grand Total.b.ITt. June 2,245,593 3,343,880
Jan. 1 to June 3 0 .... 14,025,58119,137,396
Y isalia & Tulare IT—
3,964
2,072
Apr, 1 to June 3 0 ....
7,663
4,510
Jan. 1 to June 3 0 ___
W abash.b................... June
831,591 1,211,094
Jan. 1 to June 3 0 __ 5,337,497 6,534,058
J u ly 1 to June 3 0 __ 12,553,600 14,220,444
W abash Chest. & W.]J—
47,562
38,888
Jan. 1 to June 3 0 ....
13,644
15,188
Waco Jt Northw’n.TT- Tune
95,625
82,415
Jan. 1 to June 3 0 __
141,264
168,888
W est Jersey & B r s.y ju n e
772,926
674,369
Jan. 1 to June 3 0 ....
120,720
112,027
W estern Maryland, f.J u ly
660,058
668,597
Jau. 1 to July 3 1 ....
920,096
955,007
Oot. 1 to July 3 1 ....
37,968
33,264
W est’n o f AlahamaH June
243,822
228,991
Jan. 1 to June 3 0 ....
512,022
499,483
July 1 to June 3 0 ....
318,491
230,974
West.N.Y.&Penn.blTJune
Jan. 1 to June 3 0 .... 1,316,392 1,798,500
Ju ly 1 to June 3 0 .... 3,011,901 3,716,639
34,256
39,309
W est Va. & P itts. . . IT. May
147,681
156,259
Jan. 1 to May 3 1 ....
107,743
90,068
West Ya. Cent. & P.H July
543,893
702,363
Jan. 1 to July 3 1 ___
Whitebreast Fuel Co. June
July 1 to June 3 0 ___
Wrightsv. & T e n n ..f.J u ly
Jan. 1 to Ju ly 3 1 ___

7.960
44,103

5,194
42,410

-Net E arnings.—
1893.
1891.
$
$
def.3,375 def.6,99©
17,014
14,171
9,361
28,961
24,475
102,522
def.3,708 def.4,401
def.6,840 def. 10,614
182,627 1,086,984
2,483,819 5,524,931
870
329
275
1,863
301,62 2
205,623
1,058,293 1,384,023
2,723,219 3,412,839
10,099
9,483
1,944
5,862
29,523
22,810
46,902
40,629
162,989
152,055
48,347
37,769
191,855
215,1*7
2S4.131
282,984
7,622
8,330
23,682
45,981
121,134
151,608
43,083
91,718
524,027
329,438
797,545 1,199,513
21,070
20,603
74,517
81,410
39,987
28,088
260,832
192,307
7,394
1,799
83,445
3 s ,110
129,336
120,896
1,230
1,695
12,512
3,678

a N et earnings here given are after deducting taxes,
b N et earniners here given are before deducting ta x es,
c Net earnings here given are after deducting ta x es on property,
d. Consolidated lin e ; includes Ohio & Mississippi,
e Includes Milwaukee & Northern for all the period in both years,
f After deducting other expenditures for repairs, replacem ents and
general expenses, n et income applicable to interest on bonds in June
w as $57,923, against $66,796 last year, and for six months to
June 30 $434,746, against $426,268 la st year. M exican dollars are
treated as equivalent to 80 cents United Stages m oney, and all depre­
ciation beyond 20 per cent is charged in the abo ve item s. Adding
earnings received from Federal governm ent total n et available for
interest for six months in Mexican currency on the 80 cents basis
w as $512,414, against $426,268 la st year.
i Including other income, n et for July w as $44,983, against $20,916,
and from January 1 to July 31 $263,44 4, ag <inst $164,679.
j Does n ot include Grand Rapids & Indiana and Vandalia system s
formerly included in the monthly statem ents.
lx Includes Current River and Kansas City Clinton & Springfield
roads
* A fter deducting proportion due roads operated on a percentage
basis, net in June, 1894, was $543,429, against $758,133 in 1893; for
six m onths from January 1 to June 30, $1,889,372 in 1894, against
$3,425,209 in 1893, and for nine m onths from October 1 to June 30,
$3,582,579, against $5,436,926.
t Includes only one-half of lines in w hich Union Pacific has a part
interest. Figures are given exclusive of results on Leavenworth
Topeka & Southwestern.
|| Including incom e from ferries, &o.
if A paragraph mark added after the name of a road Indicates that
the figures for that road for the period given have not previously been
published by us.

Vol.LIX.

ANNUAL

REPORTS.

Ohio Southern Railroad.
{For the year ending December 31,1893.J
The report of this road for 1893 has just been issued. Mr.
G. W. Saul, the President, says in his remarks that the “ net
earnings of the road show gratifying results despite the gen­
eral business depression of the year, and notwithstanding the
loss of revenue due to two strikes of the operatives in the
mining districts. The construction of the line from Spring
field to Lima was completed on December 28th, 1893. The
benefits of any earnings from the Lima extension were not
obtained in this year. The difficulties experienced in building
this line at a time of panic, financial depression and general
industrial stagnation rendered the task more expensive and
arduous than it would have been had ordinary conditions
prevailed.” * * *
“ The Wellston extension will soon be completed. The con­
tiguous coal territory is thereby made tributary to the Ohio
Southern Railroad, and will in due time afford a great source
of profit to the company from immense coal fields to which
it could not otherwise have gained access. In building the
Lima extension a belt railroad was established through the
manufacturing portion of Springfield, noted for its agricul­
tural implement industries. This belt line will naturally be a
factor in producing traffic over the company’s line. Branches
and spurs into several new coal mines have been constructed
during the year, and the shipments guaranteed from these
mines will result in considerable increase in the earn­
ings.” * * *
“ With the inauguration of the Lima line a route is opened
between Chicago and the Southeast via the Baltimore & Ohio
and the Norfolk & Western railroads shorter than any other
lines. We are enabled now to compete for through traffic to
all points in the North and Northwest, which our limited fa­
cilities have heretofore precluded. Traffic agreements and
tariff percentages have been formulated which will place the
road in a position to show gratifying results on through busi­
ness.”
Earnings, expenses and charges were as follows :
EARNINGS, EXPENSES AND CHARGES.

E arnings—

1890.
1892.
1891.
$
$
$
. 60,427
65,094
73,842
481,123 513,498 574,275
. 12,840
11,650
63,425

1893.
$
78 ,2 4 8
493,129
130,983

.554,390 590,242 711,542 702,360
.291,685 303,233 349,492 331,906
DeductM iscellaneous.

.262,705 287,009

362,050 3 7 0 ,4 5 4

,226,800 226,800 226,800
. 2,513
17,731
824
734

2 4 1 ,8 8 0

230,137 245,266 226,800 241,880
41,744 135,250 1 2 8 ,5 7 4
. 32,568

Colorado Fuel & Iron Co.
(For the year ending June 39,1894.)
The complete report for the fiscal year just past will be
ready next week. In the meantime we have a summary of
President Osgood’s statement showing the results of
Interest Charges and Surplus.—The following roads, in figures infor
the year.
addition to their gross and net earnings given in the foregoing, business
The net earnings carried to income account for the current
also report charges for interest, &c., with the surplus or deficit year
are $562,109 41, a decrease from the preceding year of
above or below those charges.
$402,422 47, or 42 per cent. This decrease was divided as fol­
-Inier’l, rentals, <£c.- -Bat. of Net E arn s.—. lows:
1894.
1894.
1893
1893.

Hoads.
Camden & A tl....... ITJune
Jan. 1 to June 3 0 ___
Chio.Burl. & Quincy. June
Jan. 1 to June 3 0 ___
Chic. & West M ich... June
Jan. 1 to June 3 0 ___
Clev.Cin.Ch.& St.L.y June
July 1 to June 3 0 ___
Peoria & Eastern!] June
July 1 to June 3 0 ....
Denver & Rio Gr’de. June
July 1 to June 3 0 __
Det. Lans. & Nor___June
Jan 1 to June 30.......
F lin t & Pere Marq.. June
Jan. 1 to June 30 . . .
Kanawha & Mich . ...May
*Kan. C. F t.S. & M ..June
Ju ly 1 to June 3 0 ....
Kan. C. Mem. & Bir..June
July 1 to June 3 0 ___
Lake Erie &West’n..June
Jan. 1 to June 3 0 __
Nashv.Chat.& St. L.. .July
Sag. V alley & St. L.. June
Jan. 1 to June 3 0 __
San Fran. & No.Pao.. .July
Tenn.Coal I. & RR. ..June
Feb. 1 to June 3 0 ___
W est Jersey <fc Brs.UJune
Jan. 1 to June 3 0 ___

$
14,467
69,856
800,000
4,800,000
32,759
196,550
242,988
2,759,172
36,802
441,620
196,038
2,415,831
30,376
179,982
51,195
310,207
10,356
116,258
1,369,802
39,969
479,630
56,813
336,412
124,071
3,557
21,341
17,233
59,700
293,500
20.865
103,807

$
12,663
62,526
822,880
4,937,285
32,699
195,937
226,614
2,652,961
36,802
441,620
219,978
2,633,253
26,241
157,603
43,536
298,858
6,640
117,707
1,349,997
39,108
460,677
54,106
322,217
123,029
3,557
21,341
17,344

$
$
3,223 def. 2,296
def.20,462 def.67,911
239,924
1,958
507,23 L
876,822
def. 1,480 def.7,547
def.98,219 def.38,750
110,830
20,390
524,374 1,051.303
def.33,188 def.32.193
df. 264,430 df.160,267
def.39,190
96,029
87,662 1,402,319
def. 17,020 def. 10,189
df. 119,148 def.57,801
def. 9,453
4,288
41,896
4,408
113
2,940
def.11,458 def.92,353
68,233
150,015
def.33,321 def.44,643
df. 297,590 d f.280,920
36,595
69,929
266,973
410,191
17,923
38,061
def. 8 40
def.932
def.8,260 def.7,4L3
10,651
15,090
def.28,900
def.84,200
19,023
19,764
27,874
110,233
43,248
52,756

!I A paragraph mark added to the name of a road indicates th at S ie
figures for that road for the perirnl given have not previously been
published by us.
* Includes Current River and Kan, C. Clta. & Springfield.




Fuel departm ent..........................................................................$ 3 8 6 ,8 0 6 30
59,232 0 6
Iron department ......................
Denver retail department..........................
9,354 78
Miscllaneous ea rn in g s.......................................... $14,046 22 increase.
Earnings from securities.............................................................
7,325 47

Total................... ........................................ .................................. $128,672 39
Geueral m anagem ent and other exp en ses—
D ecrease..............................................................
$26,249 92
N et decrease..................................................................................... $402,422 4 7

The tonnage statements show a decrease of 1,037,547 tons of
coal and coke produced, or 42 per cent. As nearly as can be
estimated this reduction can be accounted for.
On account of m iners’ strik e................ ................... ............ .
6 p e r c e n t.
F alling off in com m ercialbusiness by reason of m ild winter. 5 p ercen t.
Depression in silver m ining and sm elting in d u stry. ....... 12
“
Leaving to be accounted for by the general business depres­
sion ....... .............. ............................................................. . . . . . . . . 1 9 p e r c e n t.

Of course no exact figures can be obtained and the fore­
going are given as merely approximate.
The charges against the net earnings on account of bond inter­
est, taxes, etc., amount to $361,301 21, leaving a surplus of
$200,8J3 20, which has been disposed of as follows :
Preferred stock div. for 6 mos. ending Dec. 31st, 1 8 9 3 ___ $80,000 00
On acoountof common stock dividend of May 15, 1 8 9 3 ....
177 50
Sinking funds for coal and iron m in e d .......................... .
73,788 56
Total................................... ............................ ............................ $153,966 06
L eaving n et surplus o f . . . ................................................. ......... $46,842 1 4

The cash liabilities of the company have been reduced dur­
ing the year $101,770 38, and are now in a normal condition,
being principally current accounts, which will be met, as they
mature, from the collection of accounts due the company.
The cash aud convertible assets amount to $2,007,035 09, or
$1,345,729 42 in excess of the cash liabilities.

AUGUST

25, 1894.]

THE CHRONICLE

Chesapeake & Ohio Bailway.
( For the year ending June 30,1894.)
The remarks of President Ingalls at length, together with
the balance sheet and other valuable tables, will be found on
subsequent pages.
The statistical tables for four years, compiled in the usual
complete form for t h e C h r o n ic l e , are given below, including
the Elizabethtown Lexington & Big Sandy road in 1892-98
and 1893-94.
OPERATIONS AND FISCAL RESULTS.

1890-91.
1891-92.
1892-93.
1893-94.
Miles oper. June 3 0 ...
1,027
1,078
1,278
1,363
E q u ip m en t—
252
300
355
355
L ocom otives. ..............
Passenger cars.................
151
164
210
212
Freight, &c., ears . . . . .
11,330
11,458
13,538
13,808
Operations—
Passengers carried__ 1,692,072 1,942,482
2,466,299 1,893,215
Pass, carried one m ile .81,903,154 87,702,539 118,505,564 105,639,391
Kate per pass, per m ..
2 ’1 5 5 c ts. 2 , l8 1 c t s .
l -989 cts. 1'905 cts.
Freight (tons) carried.
4,166,102 4,558,864
5,498,881 4,794,071
Freight (tons) one m . . *1,135,943 *1,292,169
*1,479,487 *1,367,891
Kate per ton per m ile.
0'525 cts. 0 -513 cts.
0 ‘511 cts. 0'478 cts.
Earnings—
$
$
$
$
P a sse n g e r s........ .
1,765,299 1,913,187
2.356,975 2,011,977
F reig h t.......................... 5,983.516 6,694,953
7,565,511 6,630,201
M iscellaneous...................
187,241 169,687
89,306
64,997
E xp ress..............................
90,488
97,419
206,230
100,754
M ail....... ....................
120,567
129,354
118,737
236,179

3B1

GENERAL BALANCE SHEET JU N E 30, 1894.

Assets.
Cost of r o a d ................ .$3,248,494
615,192
Cost of equipm ent.........
Cash, on h a n d . . . . . . ___
37,940
7,282
Open accou n ts..............

Total.......................... 3,903,908

GENERAL

Liabilities.
Capital sto ck ..................$ 1 ,8 6 2 ,0 0 0
Funded debt......... . ........ 1 ,9 6 0 ,0 0 0
Int on funded debt______________ 2 1 ,3 3 3
Open a c c o u n ts...............
2 2 ,9 0 8
Sundries ................
8 ,1 2 8
Profit andloss (surp).
.3 4 ,5 3 9
T otal___ . . . . . _____ $3,90 8 ,9 0 8

IN V E ST M E N T

NEW S.

Boston & Maine.—The statement for the quarter and year
ending June 80 shows the following :
r-Q uar.end.June30.—^ ,
Year end. June 30.
,
1893.
1894.
1892-3.
1893-4.
^
$
tj)
$
Gross earnings.................4,531,086 4,008,356 17,225,326 1 5 ,9 6 2 ,2 7 7
Operating ex p en se s....3 ,2 7 7 ,4 3 1 2,507,331 11,704,074, 10 ,8 3 3 ,6 7 7
Net earnings.............1,253,655
Other in com e................... 105,156

1,501,025
177,699

T o t a l.........................1,358,811 1,678,724
Int., rentals and t a x e s .1,062,205 1.079,375
Surplus............. ...........

296,606

599,349

5,521,252
577,226
6,0S8.478
4,000,918
2,097,560

5 ,128,600
625,962
5,754,562
4,346,779
1,407,783

Carolina Central.—At a meeting of the first mortgage
T otal...............
8,127,111 9,004,600 10,336,810 9,044,108 bondholders an agreement was reached whereby the Seaboard
Expenses —
Air Line will guarantee to pay 4 per cent, or two-thirds of the
Maintenance of w ay
and structures........... 1,429,889 1,495,824
1,433,971 1,129,096 interest, for five years,giving scrip for the remaing 2 percent.
Maint. of equipm ent..
1,212,251 1,404,265
1,456,513 1,161,890 At the end of five years the 6 per cent interest is to be oiid in
Conducting transport.
2,436,243 2,726,250
3,034,820 2,577,053 full. The Seaboard Air Line also agrees to spend $300,000 in
General and ta x es.......
333,051
346,971
443,324
482,066 permanent improvements on the road.
191,428
203,043
226,173
217,755
Traffic ex p en se s..........
Newp. News & N. Ter.
342,087 357,706
355,172
292,077
Chesapeake Ohio &Southwestern.—The receiver reports the
Cov. & Cinn. B rid ge..
138,569 197,670
182,787
147,185 earnings of this road will not permit of the payment Of the
Total e x p e n s e s .... 6,083,518 6,731,732
7,132,761 6,027,127 mortgage interest, which has been in default since February 1.
Some of the February coupons were bought at the time by
P .c . of exp’s, to earns..
(75)
(75)
(69)
(67)
Net ea rn in g s................ 2,043,593 2,272,863 3,204,049 3,016,981 Messrs. Speyer & Co. for account of the Illinois Central Rail­
road, but the plau for the transfer of the property having
* Three ciohers (000) omitted.
been obstructed by the legal objections interposed, no further
INCOME ACCOUNT.
purchase of coupons is being made. A pres3 report from
1890-91.
1891-92.
1892-93.
1893-94. Memphis says that the Illinois Central after September will
control the Chesapeake & Ohio Southwestern, and will run its
N et earnings................. 2,043,593 2,2727863
3,204,049 3,016,981
Other inoom e................
18,520
.............
23,680
13,366 fast passenger and freight trains from New Orleans through
Memphis over the Yazoo & Mississipoi Valley and the Chesa­
Total....................... 2,062,113 2,272,868
3,227,729 3,030,347 peake & Ohio Southwestern, abandoning the route for fast
Deduct—
Interest on bonds........ 1,745,129 1,793,095 2,738,304 2,948,112 trains through Jackson, Miss., and Jackson, Tenn.
Kentals......... ..................
11,609
10,916
.............
2,622
Georgia Pacific.—This road was sold under foreclosure at
16,419
8,165
14,412
9,739
Loss on elevator,....... .
Discount, exch., & c...
69,145
64,372
48,001
50,964 Atlanta, Ga., on August 18, and was bid in by C. H. Coster
for the Southern Railway Company. The sum paid was
T otal......................... 1,842,302 1,831,548 2,300,717
3,011,487 $500,000, the minimum amount at which the property could
S u r p lu s .......................
219,810
391,320
427,013
18,860 be sold under the order of the court. Judge Newman, of the
United States Court for the Northern District of Georgia has
N orthern R ailroad of New Jersey.
confirmed the sale, and Judge Niles, of the Mississippi, and
(For the year ending June 30, J894.J
Bruce, of Alabama, will doubtless do likewise. The Southern
Railway will begin to operate the road on September 1,
The following has bean compiled for the C h r o n ic l e :
The Savannah News’ report says: “ The Georgia Pacific
EARNINGS, EXPENSES AND CHARGES.
property comprises the main line from Atlanta to Birming­
1893 94. ham, 167 miles; the line from Birmingham to Columbus,
1892-93.
1891-92.
1890-91.
$
$
$
$
130,187 Miss., 124 miles; a number of branch lines in both Alabama
140,310
129,835
Gross earnings......... ..123,847
33,7 3 9 and Mississippi and the belt lines connecting with the Rich­
38,893
36,130
Operating expenses .. 35,216
96,448 mond & Danville in Atlanta, with all terminal facilities, side
90,942
104,180
N et earnings___
355 tracks, etc., making a total of 375 45-100 miles of track. In
2,823
360
330
Other incom e...........
addition to this is the extension from Columbus, Miss., to
96,803 Johnsville, Miss., 140 miles, and also from Arkansas City to
93,765
104,540
T otal.................... . . . 88,961
Deduct—
39,240 Gonada, 75 miles.
39,240
39,880
Interest on bon d s.. . . . 35,640
“In announcing the conditions of the sale E. A. Angier,
9,525
9,525
9.525
9,525
R entals.......................
6,924 the commissioner acting, said the road would be sold *as an
10,614
6,832
T axes......................... . . . 6,290
(4) 40,000 (414) 42,500 entirety and in one parcel without valuation, appraisement,
(4)40,000
D ividends................. .(1 )4 0 ,0 0 0
98,189 redemption or extension, and subject to a first mortgage to
99,379
95,237
T otal.................... . . . 91,455
def, 1,386 the Central Trust Company of New York, trustee, dated May
sur. 5,161
def. 1,472
B alance..................... def. 2,494
6, 1882, and to a mortgage to the Metropolitan Trust Com­
GENERAL BALANCE SHEET JUNE 30, 1894.
pany, trustee, dated Oct. 1, 1883, so far as they are liens upon
L iabilities.
Assets.
Cost of road............. ...$ 1 ,6 5 4 ,9 4 2 Capital stock ................ .$1,010,000 any part of the property above described, and subject to two
47.258 Funded d eb t.................. .
Cask on h a n d ..........
654,000 equipment mortgages to the Central Trust Company of New
__
145,023
.
22.500 York, trustee, dated respectively July 17, 1889, and May 1,
.
173,265 1881, upon so much of the property as is described in said two
Open
a
c
c
o
u
n
ts............
9,418
Dite by a g e n t s .......
Profit and loss (surp.)
6,876
equipment mortgages.’
T o ta l...
. 1,856,641
“ Col. W. A. Wimbish, special attorney for the State in the
Total....................... . . . . 1,856,641
Western & Atlantic Railroad litigation, and before the sale,
Second Avenue (N. T. City) Surface Railroad.
on behalf of the State, put the purchasers on notice that the
(For the year ending June 30, 189If.)
Georgia Pacific had no legal right to the right-of-way into the
The following statistics for four years have been compiled city of Atlanta, nor to the Union Depot, which is the prop­
from reports made to the New York State Railroad Commis­ erty of the State road.”
sioners. The betterments in 1891-92 were $7,996 ; in 1892-93,
Jacksonville Southeastern—Jacksonville Louisville &
$19,353 ; in 1893-94, $148,624.
St. Louis.—In the Sangamon County Circuit Court, at Springfield, 111., on the 18th inst., John G. Shortall of Chicago, a sur­
EARNINGS, EXPENSES AND CHARGES.
1890-91.
1891-92. 1892-93.
1893-94. viving trustee and representing the h®Iders of the first mort­
Gross earnings....................... 947,055
962,720
982,383 1,013,460 gage bonds for $300,000 issued by the Jacksonville Southeastern
758,782
767,133
794,764 Railway in 1880, commenced suit to foreclose the mortgage.
Operating ex p en ses............ 737,672
The same suit it is also asked shall operate against the Jackson­
Net earnings .................209.383
203,933
215,255
218,696 ville Louisville & St. Louis Riilroad, the successor company,
Other in com e........................ 6.62L
13,643
2,500
4,673
now in the hands of Judge Wheeler as receiver.
T otal..................................216,004
217,581
217,755
223,369
Louisville Southern.—The purchasers of the Louisville
Deduct—
Interest on bonds................. 90,500
90,500
90,500
94,597 Southern have filed articles of incorporation and in the fu­
ture
the road will be known as the Southern Railway Com­
R en ts....................................... 7,527
3,750
1,755
3,287
T axes....... ............................ 43,336
38,500
33.000
34,000 pany in Kentucky (forming part of the new Southern system).
D ividends........................(4) 74,480 (i) 74,480(4^ )83,790 (414)79,135
The capital stock of the corporation is fixed at $1,000,090,
divided into 1,000 shares of $100 each. The highest amount
T otal....... ....................... 215,843
207.230
209,045
2 11,019
Surplus................. ...............
161
10*351
8,710
12,350 to which the corporation may issue debt is fixed at $10,000,000.




THE CHRONICLE.

32

Minneapolis & St. Louis.—There will be a meeting on Mon­
day of the Reorganization Committee, at which time it is ex­
pected the final details of the reorganization plan will be ar­
ranged so that it may be formally made public early in the
week. The main facts have already been published. The
date of the sale under the foreclosure of the improvement
and equipment mortgage has been fixed for October 11 at
Minneapolis. The National Bank of North America is paying
the improvement and equipment coupon due July 1, 1890,
with interest to August 15, the consolidated coupon due on the
same date, and the Southwestern Extension das June, 1838.
Northern Pacific.—The third mortg age bondholder»’ com­
mittee have issued a circular in which they point out to third
mortgage holders that their interests will be best subserved by
depositing their bonds, under the agreement, with the New
York Guaranty & Indemnity Co. Tnis agreement provides
that the committee shall not accept less than par and inter­
est in cash for the bonds. The position of the committee is
outlined in their circular, which is printed in full on a pre
vious page of this issue.
Railroads in New York State.—From the reports to the
New York State Railroad Commissioners the following state­
ments have been compiled :

[ VOL.

R e p o r ts

a n d

C H ESA PEA K E

&

LIX.

jD u c m im its .
O H IO

R A IL W A Y .

ANNUAL REPORT FOR YEAR ESDISG JUNE 80, 1894.
To the Stockholders:
Pursuant to the By-Laws, the annual report is submitted
as follows:
The mileage operated or controlled by the company during
the last fiscal year has been 1,382'6 miles of main track, an
increase of 28 3 over last year, the increase being in the Loup
Creek, Keeney’s Creek, Gauley and Southside Branches ; 68'4
miles of second track ; 449'5 miles of sidings, being an increase
of 23‘8 miles over last year ; a total of all tracks of 1,880'5
miles; an increase over last year of 52 *1 miles. The location
in detail of these tracks appears in the report of the General
Manager hereto attached.
EARNINGS AND EXPENSES.

The gross earnings and expenses of the Company, and the
mileage operated, during the year ending June 30, 1894, com­
pared with the three previous years, were as folio ws :

Yr. ed’g June 30. 1891. .
1892.
1893.
1894.
Miles operated.
934*
993*
1,192‘5*
1,278'1*
r-Ouar. end. June 30.—n r—Year end. June 30.—
$
$
$
1893-94. Gross E am ’g s .8 ,1 2 7$ ,l l l 09 9,004,599
1894.
1892-93.
1893.
11 10,336,810 47 9,014,108 41
9
$
$
$
Operating
E
x
­
3,011.900
653,434
3,716,637
Gross earnings............ 944,040
penses, Main­
2,214,356
507,422
2,517,126
Operating expenses. . 653,390
tenance and
t
a x e s .............. 6,083,518 20 6,731,731 23 7,132,760 69 6,027,127 91
797,544
1,199.511
N et earnings....... . 290,650
146,012
(75 p. ,o.)
(75 p. o.)
(69 p. o.)
67 p. e.)
8,308
499
30
1,329
Other incom e.............
N
et..............
2,043,598
29
2,272,367
88
3,204,049
78
3,016,980
50
805,«52
1,200,840
146,042
T o t a l.................... . 291,149
on Funded
1,267,244 Int.
314,335
1,024,737
In t.,rentals, ta x es,&c.* 331,746
Debt, loss on
grainelev., & cl,823,781 26 1,881,548 39 2,780,289 58 3,002,920 17
B alance................ ..def.40,597 def. 168,293 sur.176,103 def.461,392
Surplus over all
* Includes in terest on equipment and real estate m ortgages, &c.
charges........... 219,310 73 391,319 49 423,760 20
14,060 33
WESTERN N. Y. & PENNSYLVANIA.

BUFFALO BOCHESTER & PITTSBURG.

*Also 84'5 m iles betw een Orange and W ashington, operated under
r-Quar. end. June 30.—. 'r~Year end. June 30.—.
1893.
1894.
1892-93.
1893-94. trackage agreem ent during a part of 1891 and during 1892, 1893
and 1894.
$
$
$
$
Gross e a r n i n g s ............. 917,448
420,403 3,308,804 2,780,276
The year ending June 30th, 1894, has been one of great de­
Operating expenses............ 598,519
408,369 2,357,411 2,050,435
N et e a r n in g s ............. 318,929
16,044
Other incom e.......................

12,034
10,606

951,393
45,658

721,841
39,5 47

Total............................... 334,973
Int., taxes, rentals, & c ... 201,832

22,640
212,972

997,051
745,350

769,388
848,417

B a la n c e ................... sur.133,141 df.190,332 sr.251,701
NEW YORK & NEW ENGLAND.
r-Quar. end. June 30.— —6 mas. end.
1893.
1894.
1893.
$
$
$
Gross earnings.. 1,658,465
1,348,263
3,098,570
Operating expenses.. 1,184,358
1,050,253
2,341,805
N et e a r n in g s.....
Other in co m e.............

df.79,029
June 30.—.
1894.
^
2,473,256
1,968,986

474,107
1,179

293,010
deh.270

756,765
3,340

504,270
872

Total............. 475,236
In t., ta x es & ren ta ls.. 469,367

297,740
474,044

760,105
944,373

505,142
933,636

B alan ce...............

sr.5,919 def.176,304 def.184,268 def.428,494

Southern Railway Co.—Mr. C. H. Coster, Chairman of the

Richmond Terminal Reorganization Committee, bought on
the 22d inst. the Oxford & Clarkesville and Clarkesville &
North Carolina railroads, thus completing the list of fore­
closures contemplated under the plan of reorganization of the
roads included in the Southern Railway Company. The
Georgia Pacific was purchased on Saturday last, the 18th
inst. The Southern Railway Company embraces abouc 4,500
miles of road. In the scheme for reorganization the following
companies were included : Richmond & Danville, Richmond
York River & Chesapeake, North Carolina, Atlanta & Char­
lotte, Washington Ohio & Western, Northwestern North Car­
olina, Clarkesville & North Carolina, Oxford & Clarkes­
ville, Virginia Midland, Charlottesville & Rapidan,
Franklin & Pittsylvania, Western North Carolina, Charlotte
Columbia & Augusta, Atlantic Tennessee & Ohio, Columbia
& Greenville, Georgia Pacific, Danville & Western, Baltimore
York River & Chesapeake Steamboat Company. East Ten­
nessee Virginia & Georgia, Alabama Central, Knoxville &
Ohio and Louisville Southern. The new company began
operating August 1. The Louisville Southern and Georgia
Pacific will be included in the system September 1. The
Knoxville & Ohio will be operated as part of the system, but
its accounts will be kept separate. The new securities of the
Southern Railway Co. are expected to be ready for issue by
November 1 at the latest.
Valley of Ohio—Wheeling & Lake Erie.—The Wheeling
& Lake Erie Railway Company has made a proposal to the
bondholders of the Valley Railroad of Ohio looking to the re­
tirement of the existing bonds of the Valley Company by giv­
ing to each bondholder a new 4 per cent first mortgage, which
will be guaranteed by the Wheeling & Lake Erie Company,
and an income bond of like amount, entitled to the surplus
revenues of the Valley Company. The latter has been in de­
fault for some years past. Toe Baltimore & Ohio secured a
controlling interest in the stock of the Valley Company in
January, 1890, and the road was operated as a part of the Bal­
timore & Ohio system until receivers were appointed in June,
1892. Receivers’certificates for $185,000 have been issued. The
Valley road would add about 75 miles to the Wheeling & Lake
Erie system, the Valley line extending from Valley June., near
the Southern end of the Wheeling main line, to Cleveland.




pression in nearly all the classes of business from which the
Chesapeake & Ohio Railway derives its income, and the
Officers and Directors, therefore, feel encouraged from the
fact that, even in such an exceptional year, the Company has
been able to earn its fixed charges and, at the same time, to
improve its property in many ways. It has to meet not only
severe competition and exceptionally low rates, such as
always characterize periods of depression, but it has also been
confronted with the greatest stagnation in the iron trade that
has been witnessed for years —30 severe that many of the
furnaces along the line have stopped operations entirely.
Lumber traffic, which is also an important source of income
to the Company, has likewise been greatly depressed. More
important than all this, however, has been the serious in­
terruption of coal traffic arising from strikes among miners.
The mine owners along the line decided in February last
that in order to compete with other districts they must re­
duce the price paid the miners for working the coal. The
carrying out of this decision produced strikes, which lasted
for nearly two months, and which had scarcely terminated
when the general strike of the bituminous coal miners in the
country started and nearly all our miners again went out.
The result of these several strikes may be summarized by
stating that during the fiscal year the C. & O. has had to
meet one hundred days of coal strikes. It is true that these
strikes did not at any time involve a complete cessation of
mining, for some mines continued to work through all the
trouble, but they were few in number, and at times the
Company could get little more coal than was necessary for its
own locomotives.
The decrease during the year in the transportation of coal,
lumber and iron (the three largest articles of our traffic) was
610,951 tons, which, taken at the rates received from such
traffic, involved a loss of over three-quarters of a million of
dollars in gross earnings. The loss from decreased passenger
travel and shipments of miscellaneous freight has also been
very large.
For the first four months in the fiscal year just closed, the
passenger business was good on account of travel to and
from the World’s Fair, but during the rest of the year there
was a large falling off, especially in local business. It will be
noticed that the falling off in passenger earnings was $348,911 32, or 14*78 per cent. As it was impossible to reduce the
train mileage in anything like an equal degree, the earnings
of passenger trains for the year show a reduction from $1 to
95*1 cents per mile run. Owing to the large business going
the whole length of the line on its way to the Chicago Expo­
sition, the average haul of passengers increased, but the
amount received per mile decreased nearly 5 per cent.
The average haul of freight increased from 269 to 289 miles,
due to the fact that there was more reduction in local freight
business than in through. The average of freight hauled per
train mile increased from 282 to 301 tons. The earnings per
mile run by freight trains decreased, however, from $144 7-10
to $1 43 7-10. The average amount received for coal to the
seaboard decreased from 3'27 mills to 3'20 mills per mile ;
coal elsewhere than to the seaboard from 4'56 mills to 4*43 mills
per mile. The average amount received per mile from each
ton of freight other than coal decreased from 6 43 to 5'66
mills. The average amount received per mile from each ton

A u g u st

5:5, 1894.J

THE CHRONICLE.

of freight, including coal, decreased from 5*11 to 4‘78 mills.
Considering this exceptionally low rate, the operations of the
year are very creditable to the Transportation Department, as
it has been able to overcome the decrease in rate by hauling
heavier trains, and therefore the earnings per freight-train
mile show but a slight decrease. This satisfactory result was
helped by the fact that the westbound freight decreased in
less proportion than the eastbound.
Attention is called to the detailed statements in the Audi­
tor’s report and in that of the General Manager, which show
that while the earnings largely decreased the Company was
■enabled so to reduce its expenses that there was compara­
tively little decrease in the net earnings. This reduction in
■expenses was brought about without in any way allowing
the property to depreciate.
There is a saving of $462,522 07, or 15 22-100 per cent in
Conducting Transportation, a portion of which is attributable
to less business, but a part is also due to smaller number of
men employed and to the lower prices of train supplies. The
largest reduction, however, is in the cost of fuel for locomo­
tives, and this is due not only to less mileage but also to the
fact that the Company arranged to obtain more cheap coal
than in the previous year for the use of its engines. With
lees business the trains have run with more regularity, and
there has been a large saving in the item of “damage to
property.” There has been a saving of $15,214 27 in the
amount of “overtime” paid the men.
The reduction in maintenance of way is $310,682 57, or
21 57-100 per cent. Of this the expenditures for buildings
and docks were reduced $56,000. The outlay for bridges was
about as large as that of last year, owing to the replacement
of various trestles by stone arches and solid filling, and also
to the removal of several bridges on the James River Division
and the substitution of heavier structures, so that locomotives
of the present standard may be used. The expenditure for
rails was about the same as in the previous year. The Com­
pany has recently established its standard of rail at 100 pounds
per yard for the part of the line where the traffic is heaviest,
using 70- to 75-pound rail for the other portions of the line.
On several of the branches and portions of the system not
greatly used, there are rails weighing 62 pounds per yard,
and in some instances rails of lighter weight. Thirteen miles
of 75-pound rail were taken out during the year and 100pound rail put in its place, the 75-pound rail being moved
to the James River division in place of 56-pound r a il; 3,644
tons of new 75-pound rail were also laid in place of 56-pound
and 62-pound rail on the James River and Peninula division;
and the entire difference between the two was charged to
expenses. The James River division was originally laid
with 56-pound rail, but this is being changed to 75-pound.
The amount expended for Maintenance of Equipment shoves
a reduction of something like 19 per cent. This saving arises
from the lower price of material and also from the fact that
less car and engine mileage was made, and finally because
the Company, during the year, has, as already stated, been
very fortunate in the conduct of its transportation and but
little property has been destroyed, the saving in the item of
“cars destroyed by accident” alone amounting to $35,875 86
as against the previous year.
The Company has, however, to some extent, departed from
its usual custom of replacing with 30-ton cars all cars de­
stroyed during the year. The equipment account for the year
shows a shortage in renewals 266 freight cars. This number
of old and light cars has been destroyed or dismantled and
their numbers have not been filled, but expenditures in other
respects have been as great as, if not greater than, usual.
AH the economies above mentioned have been accomplished
without any reduction in the scale of wages.
In General Expenses there has been an increase in taxes
over the year before.
Of expenditures on bridges, stations and new work alone,
which have gone into expenses, $98,486 22 might under more
liberal accounting methods have gone to “ Additions and
Betterments.”
The physical condition of your property long ago reached
an exceptionally high standard, and it, has not only been
maintained but improved during the fiscal year just closed.
COST OF ROAD AND EQUIPMENT.
The Cost of Road and Equip, on June 3 0 ,1893, was..¿.$122>1S3,553 94

During the year there has been added for the
following item s:
For settlem ent of claim s against R eceivers
of Richmond & Alleghany RR. Oo., sub­
ject to which that property w as acquired. $2,499 17
For expenditures on account of Big Sandy
Bridge and new lin e.......................... . . . . .'.193,071 03
For expenditures on account of sidings and
archingBigB endand MillboroTunnele,&o. 82,691 83
For cost of equipment (1 Locomotive, 2 Par­
lor and 536 Freight Cars)......................
.311,314 87
For cost of additions to Cincinnati Division
and Ohio River Bridge, including paym ent
of note for $ LO0,00O, given in the original
purchase of property for the bridge aud
constituting a lien on land used for ap­
proaches---- - . . . . . ........ ........... .
...1 4 5 ,0 8 9 94
For extension of B elt Line at Ashland, K y. 27,194 41
For com pletion of Buckingham Branch . . . . 46,314 46
For construction of Twenty Mile Branch
(balance as per c o n tr a c t)....... ................. 60,000 00
For construct! m of Loup Creek Branch....... 202,087 52
For cost o f additions to the L exington &
Big Sandy Divisions . . .
...................
14,127 23
For sundry e x p e n d it u r e s .......... . . . . . . . . . . . 61,490 30
-------- --------




383
LESS CREDITS: ’

'

By the sale of land at Newport News . .....$ 5 3 ,2 7 5 00
B y securities redeem ed and c a n c e le d ....... 21,625 00
74,900 00
Making the present cost of road and equipm ent as per
balance s h e e t.,.................................................................. .$123,254,534 70

A careful analysis of this account is invited, as it will illus­
trate the policy of your Company, which has been not to
increase Capital account, except for distinctly new work.
There have been no extensions of the line or new undertak­
ings during the year, except a short “ cut off ” near Kenova
in West Virginia, with a bridge over the Big Sandy River at
Catlettsburg. The accounts of the year, however, show the
cost of construction of one or two branches which were un­
dertaken in the previous fiscal year, principally to insure the
Company an abundance of cheap coal and lumber, and also
the cost of some equipment which had been contracted for
in the previous year. No important construction work is now
in progress except the completion of the Big Sandy bridge.
The Steamship Company, of which mention was made in
the report of last year, and of which your Company sub­
scribed to and holds a majority of the capital stock, has been
successfully started, six new steamers having been purchased
and put in the line. The development of business from this
source has fully met the expectation of your Directors. No
dividends have been received as yet on the Steamship Com­
pany’s stock, but the interest upon its cost to your Company
has been included in the annual interest charges.
The output and distribution of coal for the last year, as
compared with the previous year, have been as follows :
Year endtngjM«,e30,’93.
June 30,’94
Gross tons.
Gross tons
Cannel................... .
j.
.......... , . .
30,809
18,110
Gas
................................................
799,262
531,868
Splint and b lock ........ ....................
611,980
511,757
New River, «fee........................................................1,316,809
1,347,875
291,564
C o k e ............. ........................
208,453
OUTPUT.

T otal......... ........................................................3,050,424
DISTRIBUTION.

Fuel for use of Company....... ............................ 489,364
D elivered on Cincinnati D ivision ................... 672,421
Delivered on line of B. S. & Lex. D iv isio n ...
92,872
Delivered on old line of C. & O. Ry., except
R ich m on d ........................
322,387
Delivered at Clifton Forge to Jam es River
Div. for all points excep t Richmond........... 138,144
Delivered at Charlottesville to Va. Midland
75,706
R ailw ay.......................................
Delivered at R. F. & P. Jet. to R. F. & P. RR. 27,218
Delivered at Richm ond....................................... 182,590
Delivered at Jam es River w harves.................
2,831
D elivered at Newport News, Norfolk, &c___
36,748
Shipped at Newport N ews w harves................ 1,019,143
Total................................................................. 3,050,424

2,618,063
393,422
671,438
98,414
284,694
121,136
53,555
23,676
123,947
34,028
813,753
2,618,063

The trains of the Company have been run with great regu­
larity, and freedom from accident, and thanks are due to the
operating officers and employes for faithful and efficient work,
FINANCIAL.

The fixed charges for the new fiscal year, 1894-95 { including
interest on the 4 ^ per cent bonds now unsold' in the Treas­
ury), stand a t :
. .
$2,287,000 Purchase Money 6s, 1 8 9 8 ........................
$137,220
2.000. 000 Bonds of 1908, 6 s . . . . .......
120,000
2.000. 000 “
“ 1911, 6 s . . . . . . . ........
120,000
14 2,000
|‘
f. 1922, 6 s . . . . . . .............
8,520
........... ,1,172,600
23.452.000 First Consolidated 5 s......... ............... .
6.000. 000 Richmond & Alleghany D ivision l s t s , 4 s .......... 240,000
1.000. 000
“
“
“
2nds, 4 s ..............
40,000
650.000 Craig Valley Branch, 5 s . . . ................. ....................... 32,500
400.000 Warm Springs V alley Branch, 5 s.................... .
20,000
96,200 M anchester Bonds..»s and 5s ...................................
6,616
3,007,000 Elizabeth’n Lexington & B ig Sandy, guar’d, 5 s ... 150,350
170.000 New River Bridge, 6s .............................. ......... ........
10,200
21.389.000 General Mortgage, 4!as................... ......... .................. 962,505
118.000 Equipment, 6 s ................................................
7,080
8,000
160.000 Alleghany Car Trusts, 5s ................. .......................
260.000 Buckingham Branch Bonds................ ............... ... 13,000
16,350
327.000 Greenbrier & New River B onds......................... . . . .
T o ta l.......... ....................................................................... .......3 ,0 6 4 ,9 4 1

The general operating balances of the Company are in good
shape financially. The steamship investment, as mentioned
in the last report, is carried on long time loans, and a like
policy has been followed, so far as necessary, in regard to the
construction and equipment, expenditures of the year (given in
detail previously) rather than meet them by selling any
large amounts of 4)^ p. c. bonds at low prices. To provide for
part of the indebtedness attributable to this source, as well as
to payment of equipment notes, say in all about $1,900,000
(including the steamship loans), the Company, in addition to
various other assets, has $2,241,000 of its 4J^ per cent bonds
in its treasury, and is entitled to receive about $500,000 addi­
tional at any time from the Trustees.
GENERAL SITUATION.

1,145,880 76

$123,329,434 70

Your Directors feel gratified that the results of the past year
demonstrate the ability of the Company to earn its fixed
charges even in such abnormal times as those through which
it has passed. It is not likely ever to be subjected to a severer
test. They are also impressed with the fact that your prop­
erty, owing both to its location and facilities, will be among
the first to feel any revival of prosperity. They are also
pleased to say that during the troubles from railway strikes in
the latter part of June last and early in July (after the close of
this fiscal year) your Company suffered very little, as all of
its employees remained loyal, witn the exception of a few at
the western end of the line, whose places were easily filled,
There was, however, some loss in earnings on account of the
interchange of traffic with other lines being stopped. Busi-

334

THE CHRONICLE

ness, however, has now resumed its normal proportions, and
the earnings for July are very encouraging.
Attention is invited to the attached balance sheet and state­
ments of the Auditor and the report of the General Manager,
•which give a more detailed account of the operations of the
year and of the present condition of the Company.
All of which is respectfully submitted.
By order of the Board of Directors,
M. E. I n g a l l s , President.
Cincinnati, O., July 31st, 1894.
CONDENSED BALANCE SHEET JUNE 30, 1894.
Dr.
To cost of Road and Equipment, includ­
in g franchises and ownership in Maysv ille & Big Sandy KR. Co., Coving­
ton & Cincinnati Bridge Co., Eliza­
bethtow n Lexington & Big Sandy RR.
Co., Ohio & B ig Sandy RR. Co., and
$123,254,534 70
K entucky & South Atlantic Ry. C o...
To Cost of C. & O. S. S. Co. stock,
611,216 73
£ 120,000. . . .......................................
357,000 00
To Construction of G. & N. R. R R ........
$174,478
87
To Sundry Construction A ccounts.......
To Cost of Sundry Securities in Treas­
ury, v i z :
Kinnieonnick & Free­
stone RR. Co....... ....... $144,900 00
Virginia H ot Springs Co. 371,000 00
Norfolk Wharf Ware­
house A Terminal Co. 89,410 00
Buckingham R R .C o .... 53,136 83
Various.___________ . . . 169,675 53
828,122 36
2,241,000 00
To C. & O. 4 1j% Bonds in Treasury.......
-----------------3,2 4 3 ,6 0 1 2 3
To Special Cash deposited to pay Cou­
$271,000 81
pons ............................................................
259,464 32
To Material and Supplies on h a n d ......
98,110 13
To Cash in hands of Treasurer................
To Amounts due from Agents and Con­
962,190 13
ductors, and current a c c o u n t s ........
388,377 27
To Amounts due from Coal A gencies...
1,979,142 71
5,738 89
To K innieonnick & Freestone RR. Co..

05
rH

$129,451,234 26
STATEMENT OF PROFIT AND LOSS ACCOUNT FOR YEAR
ENDING JUNE 30, 1894.
Or.
B y Balance from June 3 0 ,1 8 9 3 ............................................... $520,137 32
B y Gross Earnings . .. .............................. $9,044,108 41
B y Less expenses and T axes..............—........ 6,027,127 91
B y N et earnings —.................................................................. . 3,016,980 50
B y Net earnings from operation of Buckingham Branch.
3,820 93
T otal.............................................. .........................................$3,640,938 75
Dr.
To Interest on Bonded D ebt..........................$2,948,111 63
To Int., Discount and Exchange. .50,904 38
L ess Dividends from Miscellane­
ous Securities................................ 9,545 00
------------41,419 33
To Loss on Grain Elevator including Fixed
Charges.......... . ................................................
9,788 78
To R entals, n e t .................................. - ..............
2,621 58
To Sundry old accounts w ritten oft..............
4,799 73
-------------------$ 3 ,0 0 6 ,7 4 1 1 0
To Balance to Credit in New Account, June 30,1 8 9 4 .......
634,197 65
T otal............ ...............................
R ichmond , Ya., July 27, 1894,




.$3,640,938 75
L. F. S u l l i v a n ,
A uditor.

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$129,451,234 26
Cr.
B y Capital S to c k :
First Preferred......... ........$13,000,000
Less deposited in tr u st... 12,954,300
----------------------- $45,700 00
Second P r e fe rred ........... $12,000,000
Less deposited in tr u s t... 11,942.400
----------57,600 00
Common........ ...........
60,469,100 00
--------------------- $60,572,400 00
B y Funded D eb t:
6 % P. M. Gold Bonds, due 1898.......... $2,287,000 00
2,014,379 17
6 % Gold Bonds, due 1908.............
6 % Gold Bonds, due 1 9 1 1 ....................
2,000,000 00
6% Currency Bonds, due 1918_____ _
383 89
142,000 00
6 % Gold Bonds, due 1922.....................
6% Equipment B o n d s..........................
118,060 00
5% 1st Consolidated M. Gold B onds.. 23,452,000 00
4% 1st M. Gold Bonds, R. & A. D iv ... 6,000,000 OO
4% 2d M. Gold Bonds, R. & A. D iv ... 1,000,000 00
5% IstM . GoldBonds. Craig Valley Br.
650,000 00
5% 1st M. Gold B’ds.Warm Sp.Val. Br.
400,000 00
6% Gold Bonds, New River B rid ge...
170,000 00
8% Manchester City Bonds...................
60,200 00
5% Manchester Improvement Bonds.
36,000 00
5% Alleghany Car Trust Certificates.
160,000 00
5% E, L. & B. S. 1st M. Gu. Gold Bds. 3,007,000 00
4 *2% C. & O. General M. Gold Bonds. 21,389,000 00
5% 1st M. Buckingham RR. B o n d s...
260,000 00
5% 1st Mort. G. & N. R. RR. B on d s...
327,000 00
Equipm ent N otes.:.................................
718,848 54
64,191,811 60
B y B ills payable (see Sundry Construc­
tion Accounts. Cost of Sundry Securi­
ties and C. & O. 4^% Bonds in Treas­
1,952,598 20
ury, in debit)............................................
B y Unpaid coupons,including Coupons
due Ju ly 1, 1894......................................
$273,920 31
B y Accrued Interest on Funded D eb t..
654,226 28
B y Audited Vouchers due Coal Opera­
tors (see am't due from Coal Agencies)
322,881 29
B y Audited Vouchers, including June
pay-rolls payable in J u ly .......................
849,198 93
2,100,226 81
634,197 65
B y Profit and Loss.

[Vol. LIX

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Jarvis-Conklin Mortgage Company.—The application of
Mrs. Elizabeth Garnett, of Bristol County, England, for the
removal of Samuel M, Jarvis and Roland R. Conklin, the re­
ceivers of the Jarvis-Conklin Mortgage Company, will come
up for a hearing before Judge Lacombe, of the United States
Circuit Court, on August 28. The appearance of Mrs. Garnett
as a party complainant is on the ground that the receivers are
not conducting the affairs of the company for the good of the
stockholders, and that they have mismanaged its affairs. This
is denied by the receivers, and they say that the Jarvis-Conklin
Company has been in the hands of receivers since September,.
1893, and efforts have been made to bring about its reorganiza­
tion. A committee for this purpose, with Samuel M. Jarvis as a
member, was formed, its object being the purchase of the assets,
of the old company, which it is said to have secured for 40 per
cent of their face value, thus creating a deficiency of $980,000..
The holders of debentures in England opposed this scheme of
reorganization, and through Mrs. Garnett have charged^
reckless mismanagement against the receivers, alleging that
among the assets of the company are the bonds and securitiesof several insolvent concerns aggregating $3,531,871.
Among the new affidavits attached to the papers
are several which show the transfers of real estateand other property to the company, and which, the petition­
ers charge, were paid for in excess of their value.
Messrs. Jarvis and Conklin say:
“ The statements made in the petition are largely false, and
where they are not false the inferences suggested are grossly
false and misleading.” They say also “ that the reorganiza­
tion has been practically effected, and it only remains for the
carrying out of the legal details to enable the new company
to take up all the obligations of the old and begin paying in­
terest on its debentures, as contemplated by reorganization plan.
A dispatch from Kansas City, August 18, said: “ Judge
Phillips, of the United States Circuit Court, has authorized
the sale of $3,000,000 worth of seeurities of the Jarvis-Conk­
lin g Mortgage Trust Co. The securities will be bought in by
the reorganization of a new company, which will be caoitalized for $2,500,000, with offices in New York and Kansas City.”

A u g u st

THE CHRONICLE

25, 1894.J

335
CO TT O N .

COMMERCIAL

Th e M ovem ent

EPITOM E.

F riday N ight , August 2 4 , 1894.

There are distinct evidences of a tendency toward gradual
improvement in general business. The selection of goods is
confined closely to thoroughly staple articles, but retailers
and small jobbers are buying with greater freedom,
and the line of custom in the markets represents a
wider scope of territory than heretofore. The hand­
ling of bulk parcels of merchandise at first hands
has been retarded by delay of the President in an­
nouncing his decision upon the Tariff bill, and serious compli­
cations in the enforcement of the new measure are indicated
by the bungling manner in which several important para­
graphs have been constructed. Crop news has proven vari­
able, but on the whole no worse than one week ago, and rains
have served to arrest injury to the late portion of the corn
crop. Advices from abroad have been reported less favorably
upon the prospect for grain crops, and that information, ac­
companied by foreign buying orders, has stimulated our wheat
market slightly. Small receipts of swine at packing points,
coupled with the assumption that feed will be scarce and
costly, has served to further strengthen the value of cured
meats.
Lard on the spot has sold moderately well and prices have
further advanced, closing steady at 8-073^c. for prime West­
ern, 7%c. for prime City and 8-40c, for retimed for the Conti­
nent. There has been no trading in the speculative market
here, but prices have advanced in the West, which was af­
fected by the small receipts of swine at the primary points.
DAILY CLOSING PRICES OP

Sat.
S e p te m b e r ....................... 7-90

Mon.
7-90

LARD

FUTURES.

Tues.
8-00

Wed.
8-00

Ih u rs.
8-05

Fri.
8-05

of the

F r i d a y N i g h t , August 24, 1894.
C r o p , as indicated by our telegrams*

from the South to-night, is given below. For the week ending
this evening the total receipts have reached 14,122 bales,,
against 7,213 bales last week and 5,732 bales the previous
week; making the total receipts since the 1st of Sept., 1893,
5,945,910 bales, against 5,095,392 bales for the same period of
1892-3, showing an increase since Sept. 1,1893, of 850,518 bales..
Receipts at—
G alveston.........
Velasco, &o___
New O rleans..
Florida..............
Savannah.........
Brunsw’k.&c.
Charleston.......
Pt. Royal, &o.
W ilm in gton ....
Wash’ton, &c.
Norfolk..............
West P o in t...
N’port N ., &o.
New York.........
B o sto n ..............
B altim ore.........
Philadelph’a &o
Tot’ls th is w eek

Sat.
128
......
208
3
52
......
4
.........
.........
31
26
......
......
......
.........

Mon.
716
......
2,102
.........
16
>■■■■»

Tues.

Wed.

629
......
688
68

1,757
......
89
5

1,444
......
995
7

72

191
......
3

61
......
9

1
......
43

3
......
21
......
......
.........

7
......
33
......
......
14
......
.........

452 . 2,881

......
......
630
......
......
......
•« ....
.........

......
.........
......
......
428

2,094

2,517

Thurs. j Fri.
1,560'
250
1,391
IO'
......
245
......
17
10
......
43
......
......
......
107

Total.
6 ,2 3 4
250
5 ,4 7 £
B3
637
40
14801
2ff

■5

14
107
43B

2.545

3,633 14,122"

The following shows the week’s total receipts, the total since
Sept. 1, 1893, and the stock to-night, compared with last year.
Receipts to

1893-94.

Stock.

1892-93.

This Since Sep, ■T<his ' Since Sep.
Pork has been in moderate request at full values, closing
Aug. 24,
1894.
1893.
Week. 1,1893,,. , Week. 1 ,1 8 9 2 .
firm at $15@$15 25 for mess, $15@$16 50 for short clear and
$15@$16 for family. Cutmeats have been in fair demand and G alveston ... 6,234 1,011,768 2,615 1,044,355 12,507 18,181
firm, closing firm at 8%@ 9c. for pickled bellies, I2@101bs. Velasco, &o.
56,568
45,422
250
average, 6^c. for pickled shoulders and 11
12c. for pickled New Orleans 5,473 1,882’841 3,605 1,598,469 26,315 45,556hams. Beer has been steady at $8@$8 50 for extra mess, $8@ Mobile...........
162 169,745
4,038
93 198,152
2,200
$10 for packet, $10@$12 for family and $15@$17 for extra F lorid a.___
28,159
36,501
India mess. Beef hams have declined to $22. Tallow has Savannah. . .
9,021*
2,444 787,060
7,175
637 966,238
advanced, owing to scarcity, closing at 5c. Lard stearine has Br’wiok,&c
140,265
98,041
500
been quoted higher at lOJ^c. Oleo stearine has advanced, Charleston..
40 338,894
243 283,389
11,567
12,536
closing steady at 8%c. Cotton-seed oil has been firm but P.Royal,&c
81,292
427
quiet at 29c. for prime crude and 38c. for prime yellow. But­ Wilmington..
14 189,666
23 159,949
1,450
1,700ter has been firmer, closing at 15@24^c. for creamery.
Wasn’n, &c
499
Cheese also has been firmer, closing at 8@9%c. for State fac­ N orfolk........
1,802 289,680
801 492,042
2,141
7,751
tory, full cream. Fresh eggs have advanced, but the close was West Point
417 195,899
26 239,444
at some reaction from top prices and easy, at 17%@18c. for N’p’t
N.,&c
61,165
88
23,040
choice Western.
70,529
Y o rk ...
426
49*807
91,219 137,645
Coffee has been dull. Brazil grades now available are un­ New
14 101,790
112 120,841
3,000
2,500*attractive and trading in bonded goods has come to a stand­ B o sto n .........
62,519
143
107
69,845
8,432
5,592:
still in consequence of uncertainties in regard to tariff. Rio B altim ore...
433
69,107
351
14,332
72,139
3,278
quoted at 16c. for No. 7, good Cucuta 21(821%c. and interior Philadel.,&c.
Padang 22%@28}^c. Contracts have been sparingly offered,
T o ta ls....... 14,122 5,945,910 12,434 5,095,392 169,834 258,852
and with some of the shorts disposed to cover, prices were
In order that comparison may be made with other years, we
fairly supported. At the close a demand for near positions
infused a firm tone into general market. The following were give below the totals at leading ports for six seasons.
final asking prices:
Receipts at— 1894.
1893,
1892.
1889.
1891.
1890.
Aug........ . . . . . . 14'90c. I N ov....................12-950. I Feb.....................12-35c.
Sept................... 14-25o. D ec.....................12-70o. M arch............... 12-25o.
O c t ................. 13-450.1 Jan ................. ..12-45o. I A pril.................. 12-25o.

Galves’n,&o.
New Orleans
M obile....... .
Savan n ah...
Char’ton,&c.
Wilm’ton,&o
N orfolk.......
W. Point,&o.
All o th e r s...

6,484
5,473
93
637
40
14
801
26
554

2,615
3,605
162
2,444
243
26
1,802
505
1,032

3,888
5,276
91
941
223
43
207
642
562

12,804
8,027
1.031
5,825
893
44
725
1,088
989

12,613
9,862
1,866
12,101
2,217
1,131
1,024
772
1,224

12,496
4 ,005
1,350
8,567
17233
2
1,080’'
4

® 1
s




1

Raw sugars have further advanced through the stimulus of
a sharp demand, anxious to secure all stock available under
the old tariff law. Centrifugal quoted at 3%c. for 96-deg. test,
and muscovado at 8% ^ 3J£c. for 89 deg. test. Refined sugars
not very active, but higher, and the market firm; granulated
quoted 4^gc. Teas and spices in good demand.
Kentucky tobacco has been firm, French buyers having been
making inquiries but no transactions of importance have been
reported. Bales 200 hhds., of which half were for export. Seed Tot. this wk. 14,122 12,434 11,878 31,429 42,810 27,700*
leaf tobacco has been quiet but steady. Sales for the week Since Sept. 1 5945,910 5095,392 7131,009 6968,010 5361.868 5544.678
were 1,250 cases, as follows: 25 cases 1892 crop, New England
The exports for the week ending this evening reach a total
Havana seed, 18@45c.; 50 cases 1892 crop. New England
seed leaf, 21@24c.; 125 cases 1893 crop, Havana seed, 4@ 15c.; of 27,699 bales, of which 9,773 were to Great Britain, ----50 cases 1893 crop, seed leaf, 13@15c.; 250 cases 1892 crop, New to France and 17,921 to the rest of the Continent. Below are
York State Havana, 9^@ 14c.; 150 cases 1892 crop, Pennsyl­ the exports for the week and since September 1, 1893.
Week Ending Aug. 24.
From Sept. 1,1893, to Aug. 24,1894
vania Havana, 12@14c.; 200 cases 1892 crop, Pennsylvania
Exported to—
Exporte l to—
seed, 9@13c.; 250 cases 1892 crop, Wisconsin Havana, 9@12c.,
Export*
Great
Conti­ Total Great
Conti­
from—
and 100 cases 1892 crop, Dutch, private terms; also 600 bales
France
France
lotai.
R rit’n.
nent. Week. Britain.
nent.
Havana, 70c.@$1 10, and 400 bales Sumatra, 80c.@$2 50, in
bond.
G a lv e sto n .......
658,340 98,301 117,217 773,924
220
220
36,949
30,949”
For Straits tin the market has declined slightly, under real­ V elasco, & c....
4,849 9,429 781,922 411,949 442,383 1,630,254
izing sales, prompted by weaker foreign advices and heavy New O rle a n s .. 4,580
M
obile
&
P
e
n
.
33,674
600
1,080
35,160
supplies, closing easy at 19-25c. Ingot copper has further ad­ S a v a n n a h .......
111,798 32,097 372,203 510,098
vanced, and the close was steady at 9-25c. for Lake. Lead B ru n sw ick ......
38,555 2,000
30,155
71,310
has been dull and prices have declined, closing at 3-30c. for C h a rle s to n * ...
232,191 10,200 156,050 404,453domestic. Spelter has also declined, closing dull at 3*35c. for
63,309
99,095 167,401
domestic. Pig iron has been quiet but steady at $9 75^13
2,520 2,520 156,567
17,370 174,287
350
for domestic.
76,197
95,964
19,437
Refined petroleum has been unchanged at 5-15c. inbbl3., N’p ’t N ew s, &c
40,721
40,721
10,332 15,403 492,364 19.49S 276,446 788,3082-65c. in bulk and 6-25c. in cases; crude in bbls. is unchanged, New Y o rk ....... 6,131
2.7fl5t
290
73«67
67 227,973
Washington closing at 6c. in bbls. and 3 50c. in bulk; naph­
43,771 0,034 155^813 205,018
tha 5%c. Crude certificates have been steady, closing at B a ltim o re ... ...
26,855
14,401
41,250*
80J£c. bid. Spirits turpentine has declined, closing at 29@ P h ila d e lp ’a . ...
17,921 27,699 2,895,443 588,195
5,225,044
293^c. Rosins have been quiet but steady at $1 10@$1 15 for T o ta l............ . 9,778
common and good strained. Wool has been quiet but T o tal. 1892-93.. 14,273 150 3,905 18,387 2,383,012 650,988 1.443 480 4 378 030
steady. Hops have been dull and easy.
* In c lu d in g P o r t R o y al.

THE CHRONICLE.

836

In addition to above exports, our telegrams to-night also
give us 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 & Barrows, Produce Exchange Building.
ON SHIPBOARD, NOT CLEARED- -F O R

A ug, 24 at—

Other Coast­
Great
B ritain, France Foreign wise.

Leaving
Stock.

Total.

24 299
10,838
7,075
11,467

N ew O rlean s...
G alveston.........
Savannah.........
Charleston.......
M ob ile..............
N orfolk .............
N ew York.........
Other ports___

481
1,387
None.
None.
None.
None.
1,900
500

153
None.
None.
None.
None.
None.
150
None.

1,092
197
None.
None.
None.
None.
5,750
600

290
85

2,016
1 669

None.

None.

None.
None.

7,800

1,100

2,041
83,419
15,610

Total 1 8 9 4 ...

4,268

303

7,639

675

12,885

156,949

Total 1 8 9 3 ...
Total 1 8 9 2 ...

10,861
10,410

4,574
561

7,673
5,890

4 170
1 ,0P8

27.278
17,959

231.574
389,467

100
100

100
100

GULF.

5 78
69ie
7
11ie
7 7s
S a t.

Good Ordinary............................ 6 1«
Low M iddling.............................. 613le
M id d ling................. .
1H
Good M id d ling......................... 7 016
Middling Fair................... ........... 8^8
STAINED.
S a t.
Low Middling...........................
Middling......... ........................ .
Btriot M id d ling....... ......... ........
Good Middling Tinged............

5«%
6®16
62o32
7

5i3ie 51816 513le
61«
6!fl
6ia
616le
6 i5ie
714
TM.
7 18ib 71816 71316
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On this basis the prices for a few of the grades would be as
follows:
Good Ordinary............................
Low M id d lin g ...... ...................
Middling........................................
Good M iddling..........................
Middling F air.................... .

S3«

LIX.

■taf! te
Il-“? ɧ• P ef w

! f^rcp

p

693

Good Ord in a r y ............. o. I 1« oft.
Good Middling T in ged ...
E ven,
Strict Middling S tain ed .. 7SiS oft.
Middling Stained.............. 7\e oft
Strict Low Mid. Stained.. 29,3 oft.
Low Middling S ta in ed .... 138 oft.

’.. ’i£3.
'! as
!• CRp :. •CO

Aver

Fair.................................c . 1 J4 on.
Middling F air.. . . . . . . . . . . . . 7s on.
Strict Good M iddling.. . . . i« on.
Good Middling,.................. 516 on.
Strict Low Middling......... 316 oft.
Low M iddling.................... 7ie off.
Strict Good (Ordinary.. . . . i&Ie off.

i S& f

M so © whoo ^ «¡<2 ,
,2 ®
® <1©* 2t* <108
LiO# ¿©

6-97
6 99

Speculation in cotton for future delivery at this market has
been lacking in general spirit and nothing of an aggressive
character was developed. Occasional unpropitious weather
advices from the South have afforded opportunity for tem­
porary advances in prices, but reactions were prompt because
of the failure of demand. The average local belief favors a
large crop, and present indications indicate slow and moder­
ate consumption. A large number of important Eastern mills
have shut down at New Bedford and Fall River. Very light
trading took place during Saturday, the tone ruling tame and
prices losing 3 points. Monday found a continuation of light
indifferent demand, finally resulting in a decline of 4@6
points, the weakness intensified by the announcement that a
reduction of »wages at New Bedford and Fall River mills was
resisted by a strike of workmen. On Tuesday weakness of
tone continued, but not so great as had been anticipated, and
after a loss of 4(35 points the market stiffened slightly at the
close. On Wednesday cable advices from Liverpool were a
shade firmer, and our market went up 3@4 points, but lost the
gain before the close. Yesterday foreign news also gave the
market a promising start of 6 points gain, but the labor
troubles at the domestic mills caused a partial reaction and a
tame closing. To-day the market was firmer and averaged 5
points advance in consequence of an increased movement for
export and a renewal of reports of too much rain over por­
tions of the crop. Cotton on the spot fairly active, closing at
7c. for middling uplands.
The total sales for forward delivery for the week are 275,200
bales. For immediate delivery the total sales foot up this week
10,912 bales, including 6,641 for export, 4,271 for consumption
— for speculation and -----on contract. The following ar
the official quotations for each day of the past week—
August 18 to August 24.
Rates on and off middling, as established Nov. 22 by th
Revision Committee, at which grades other than middling
may be delivered on contract:

«•
£ P- © SO® O
3.
0is ® p*
,©0®
Q
D
©
®
Q
D
o
n
©
®
g$ I[•©
0P
p< 0B-®®.§
a*®» P* B
P
P -®
œ -®®
CRi_. sfP'
. g>
. ^ d-'* “S>O-jr
: ras

§ sïf

B®

2,200

100

100

. *3
arçæâ
o 2. SLO'
O
D
O
/IS® *P Q
D'* ,
•gS ?*«©>
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psr
4a>
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SP I ¡6,1-3

[Y ol.

I I

I I

1 1

<
H
1g: :

>
1 1 S
H
1g: :

►
1 1
1 1 i
H
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1g:

1 1: 1

1 1i 1

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H
1 G: :
:

1 1i 1

S

M i

MARKET AND SALES.

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

SPOT MARKET
CLOSED.

SALES OP SPOT AND CONTRACT.

Con- Spec- Con­
Ex­
port. sump. ul't'n tract. Total.

Sat’d a y .
Monday
Tuesday
Wed’day
Thur’d’y
F rid a y ..

Q u iet................
450
Quiet at lie dee.
....
Q u iet..................
400
Dull.....................
....
Quiet...................
Quiet at lie adv. 5,791

551
715
712
280
895
1,118

T otal.

6,641

4,271

....

....
....

T h e S a l e s a n d P rices of F u t u r e s
fo llo w in g com preh en sive table.




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

551
1,165
712
680
895
6,909

Sales of
Futures.
23,000
41,200
64,500
45,900
54,900
45,700

* Includes sales in September, for September, 1,700; Septem ber,
October, for Ootober, 267,800; September-November for Novem ber717,900; September-December, for Deoember, 1,862,4 ) ; September,
January,for January, 7,039.900; September-Pebruarv, for February,
1,486,80C; September-March, for March, 6.514,90ft; September-Aprilfor April, 1,766,300; September-May, for May, 5.844.40 ; SeptemberJune, for June, 2,184,500; September-July, for July, 1,102,600.

The following exchanges have been made during the week:
•19 pd.
•06 pd.
•14 pd.
•07 pd.
•07 pd.

to
to
to
to
to

exch.
exoh.
exoh.
exoh.
exoh.

2,000 Oct. for Jan. ■07 pd. to
1,400 Sep. for Oct. '27 pd. to
600 Sept, for Nov. 02 pd. to
200 Nov. for Dec. •06 pd. to
1,200 Sep. for Oot. .19 pd. to

exoh.
exoh.
exoh.
exoh.
exoh.

500
100
200
200
200

Oet. for Nov.
Sept, for Jan.
Aug. for Sept.
Nov. for Dec.
Oct. for Jan.

T h e V isib l e S u p p l y o p C otton to-night, as made up by cable
and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns,
and consequently all the European figures are brought down
..a . 10,912 475,200 to Thursdav evening. But to make the totals the complete
are sh o w n by the figures for to-night (Aug. 21), we add the item of exports from
the United States, including in it the exports of Friday only.

THE CHRONICLE.

A u g u st 25, 1894. |

1894.
1893
1892
1891.
Stock a t Liverpool.........Laies. 1,063,000 1,183,000 1,366,000 893.000
Stock at London........................
9,000
9,000
8,000
17.000
Total Great Britain stock. 1,072,000 1,192,000 1,374,000 910.000
Stock at Ham burg.....................
33,000
12,000
5,700
4,100
Stock at Brem en......................... 1 14,000 102,000
93.000
67.000
Stock a t A m sterdam ...............
12,000
14.000
24.000
21.000
100
Stock at R otterdam ...................
200
200
300
Stock at A ntw erp.......................
15,000
1 0 .0 0 0
9.000
8,0uu
Stock at H avre...........................
339,000 353.000 387,000 192.000
Stock at M a rseilles...................
6,000
7,000
9.000
10,000
Stock at B arcelon a...................
73,000 101.000
70.000
80,000
14,000
Stock at G enoa.. . . . . . . . .........
19.000
13.000
7,000
Stock at T r ie ste..................
34,000
30.000
49.000
45,000
Total Continental stocks.. 640,100 648,200 659,900 434,400
stocks
_________ 1,712,100 1,840,200 2,033,9001,344,400
a Total European
,
India ootton afloat for Europe.
45,000
41,000
42,000 43,000
A m er.oott’n afloat for Europe.
47,000
40,000
35,000 24,00u
20,000
9,000
Egypt,Brazil,& e.,afltforE’r’pe
15,000
29,000
Stookin U nited States p o rts..
169,834 258,852 407,426 216,792
Stock in U. S. interior to w n s..
55,819
76,824 128,629 55,601
United States exports to-day.
2,465
6,053
1
2,850
Total visib le supply........... 2,047,218 2,291,929 2,666,-*56 1,695,643
Of the above, to ta ls of merican and other descriptions are as follow s
American—
Liverpool stock .............. b ales. 894,000 928,000 1,152,000 673.000
Continental sto ck s................... 469,000
519,000 460,000 269.000
American afloat for E u rop e...
47,000
40,000 35,000
24,000
United States sto ck ................... 169,834
253,852 407,426 216,792
United States interior stock s..
55,819
76,824 128,629
55,601
United States exports to-day.
2,465
6,053
1
2.850
Total American....... ............ 1,638,118 1,82s,729 2,183,056 1,241,243
E ast In dian , B ra sil, die. —
Liverpool stock.......................... 169,000 255,000 214,000 220,000
London sto c k ..............................
9,000
9,000
8,000
17.000
Continental stocks..................... 171,100 129,200 199,900 165,400
India afloat for Europe............
45,000
41.000
42.000
43.000
Egypt, Brazil, A c., afloat_____
15,000
29.000
20.000
9,000
Total E ast India,
&c........... 409,100
,
P H H
463,200 483,900 454,400
Total A m e r ie tn ....... .......... 1,638,118 1,828,729 2,183,056 1.241,243
Total visible supply...........2,047,218 2,291,929 2,666,956 1,695,6*3
Middling Upland, Liverpool..
3273ad.
4 ^ . ' 315'iad.
4»i d.
Middling Upland, New York..
7o.
7 340.
7i«c
8*80.
E gypt Good Brown, Liverpool
4i3i«d.
531fid.
49, Rd’
6 h 6d.
Peruv. Rough Good, Liverpool
5U ]fid.
6 4 d.
54jd.
9d
3iBxed.
45i,d .
315, hd
Broach Pine, L iverpool...........
4^d
Tinnevelly Good, L iv erp ool..
3»xed.
4Slfcd.
3i3Xgdl
4i«d

D®“ The imports into Continental ports the past week have
been 25,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 244,711 bales as compared with the same date
of 1893, a decrease of 619,733 bales from the corresponding
date of 1892 and an increase of 351,575 bales over 1891,
a t t h e I n t e r io r T o w n s the movement—that is the r e c e ip ts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1892-93—is set out in detail below.
2 2 i? S.P ast5s®:g.o I

p 5.8?

IB

§§

■

o b

q|
O . O

PDI
h

»
. , ;■ , 2b , fa:' . 8ar*.
. .

: : |

||g

I

»PS

£

tifcS

rC

Q u o t a t io n s

fo r

337
Mid d l in g (Jo t t o n

Week ending
Aug. 24.
G alveston ...
New Orleans
Mobile
Savannah..
Charleston.
Wilmington
Norfolk........
Boston .......
Baltim ore...
Philadelphia
A u g u s ta ....
M em p h is....
8t. L o u is ....
H o u sto n ....
C incinnati..
L ouisville...

65g
658
'§?16
63s
6 >S
6%
6l3Ie
7
714

738
71 is
6%
6*8
65g
7*4
7%

Mon.
65g
65a
6916
6w18
6i<}
6%

6l3ie
7
714

73s
7Ì10
6%
6 78
6m16
7^8
71«

This
week.

oi ■ co co>

MOO to; to
MM MMM M
Mie-toMtotoiuwifkwooo»-o
MfcOOCO. 1^-lOOMOtOlHMfcOMHOOJ

Tues.

Wednes.

65g
65s
e9I6
ffa
6 ifl
6%
613 6
6 1°16

714

6 78
69ie
73«
6$

S2
§ *-3*£
ft-s-s

F ri.
3916
61* _
63»
63»
63*
6%
6%
6l5lff

6 I2
69i«

64
6%

6%
6%

6%

714

734

61516

7518
7®711b
6 i i 16
6 78
6916
71«
7

75ie
M l

Thurs.
6 1«

69ie
6ifl

6i5ie

714

75 j6
7 ® 7 l]e
65s .
6 \
69ia
738
7

75ie
7 ® 7 iXe
65a
6%
73«
7

The closing quotations to-day (Friday) at other important
Southern markets were as follows.
A tlan ta ....... .
60X8 L ittle R o c k ....
6i* Newberry........
Columbus, Ga.
M ontgomery...
61« R a leig h ......... .
6
Columbus, Miss
N a sh v ille.........
6% Selma...............
Eufaula......... ..
N a tch ez........ .
66ie S h revep ort....
R e c e i p t s f r o m t h e P l a n t a t io n s .— The following

614

63*

6 I4

63ie

table
indicates the actual movement each week from the plantations»
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
W eek
E n d in g —

July
“
Aug.
“
“

R eceipts a t the P o rts. S t’k a t In te r io r Tow ns. B ec’p ts fr o m P la n V n s t .

1892. 1893. 1894. 1892.
20...... 12,075 11,091 3,812 159,289
27....... 5,979 10,205 3,921 155,507
3....... 8,656 10,713 3,944 152,473
10....... 6,101 9,243 5,732 147,053
17....... 5,703 12,248 7,213 131,856
24....... 11,878 12,484 14,122 128,629

1893.

1894.

110,269
97,788
91,651
84,667
79,179
76.824

73,105
65,945
62,859
59,935
56,939
55,819

1892.
5,668
2,197
5,622
1,581

1893.
894

4,576
2,259
6,760
8,651 10,079

1894.
340
-♦♦*♦*
868
2,808
4,21
13,00

The above statement shows: 1.—That the total receipts from
the plantations since Sept. 1 in 1893 are 5,925,563 bales; in
1892-93 were 5,043,582 bales; in 1891-92 were 7,203,709 bales.
2.—That although the receipts at the outports the past week
were 14,122 bales, the actual movement from plantations was
13,002 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 10,079 bales and for 1892 they were
8,651 bales.
W e e k l y O v e r l a n d . —In consequence of the smallness of
the cotton movement, the detailed statements of weekly over­
land will be omitted until the beginning of the new crop year.
A m o u n t o f C o tto n i n S ig h t A u g . 24.—In the table below
we give the receipts from plantations in another form, and
add to them the net overland movement to Aug. 24, and also
the takings by Southern spinners to the same date, so as to
give substantially the amount of cotton now in sight.
1893-94.

§»
o
’S
,2
woìo>»Eooocoo5MC5Mm
00^
V©
Oxto i2 iï:? t272CP,,i?><? MW®:*i©<^î5"‘-fc®M©v5. © mcomcs-j ©© 4r»f'
70fc0ifr-3fcfl<-<0<t5<iAfc3O0a;0OMfcs t£Ot40oo9aDoioo*->occ9 0m CO

O t h e r M a r k e t s .—

CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
Satur.

u
K> !
<1CO00CO <ico*

at

Below we give closing quotations of middling cotton at South­
ern and other principal cotton markets for each day of the w eek,

1892-93.

1891-92.

Receipts at the ports to August 2 4 ......... 5,945,910 5,095,392 7,131,009*
Interior stocks on Aug. 24 in excess of
September 1 ............................................... *20,347 *51,810
72,700
Total receipts from plantations___ 5,925,563 5,013,582 7,203,709
N et overland to August *14...*..........
817,665 850,902 1,188,660
Southern consumption to August 24 __
687,000 673,000 632,000
Total in sight A ugust 24.

7,430,228 6,567,484 9,024,369
1,581,473 1,716,293 2,184,272

* D ecrease from September 1.

It will be seen by the above that the increase in amount in
sight to-night, compared with last year is 862,744 bales and
the falling off as compared with 1891-92 is 1,594,141 bales.
CH Cu0500 • M|^
fVifn
S^Ì^^^^^OOOtOCOCiOOiOOCUCCCOOO—*00505 s? &
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 advices by tele­
OCDOOM-IO. O VOStOOOCJ'OOOOMQOI^.r-OOOMOSOtO—OS-OXM
graph this evening indicate that over the greater portion of
the South there has been rain during the week, and that gen­
S*ö!>•
— yi' r*' ü»M oa I J
•
10 O' 1
CD •
M
C
erally it has been beneficial to the crop. In a few sections,
©
o ! cdgümto05! ! mio!
WM
M ' fcoc?» ! O» >5^.
O M 00.
a i . CD 05 CR O ifb. ■ i < J O i
05C5<05C5<CDO< C5<<J M< Ol OD 05
however, the precipitation has been excessive, and it is re­
gs
ported that damage has resulted from rust and shedding.
c?>oic5<05oco os wcsoiofco
0500O 05^ M<1
O 00COJD^ COfcOfcO^WMiDMtS-qMlAMMifΩ
Picking is becoming more general, but has been retarded
S SSS
S fs V ® © © V ©wVcoV Vi© a *mb o œIoo<wm MS*
STnîSSSS?^Ês^î2?52î'Jî?® MWÇ0ws”01,^ Wl,k00P’'*i'O-ifc0K>if>somewhat in Texas. From a limited area of Texas there
05X 05MCD^.M-*CDC005M-, C0Ä05fcöfc0CDO505fc0fc0l^C?»05fc0CDCOCO-l to
are complaints of boll worms.
Galveston, Jexas.—Fair weather would be beneficial to
W; ^ »i;
m co M
■■
ft£S
lA - 1 ;
05 <
CD, 00 fco-Ql CDfcSOSfcOCO
WÎ I
C5<05go: -o oo!
»'S-»
cotton.
Boll worms are reported from a few localities of the
C5<* MfcoGO CDC5»W©C5<MCl5fc5' .
e n e o © . C5<O «
State. There has been heavy rain on seven days during the
to
• ^
week, the precipitation reaching four inches and thirty-four
W h*
; <1
Hj ©JO ; to
C5fc3MtOM*-> I cq
®^
oi'kfcD; co O' cn co co co to to oo goa i f c o o j * ®
hundredths. Average temperature 78, highest 87 and lowest
SSSESSSS^*
w-i-i©o<©oofcoc5<y<5oaoM«3ko J2 s*
____ owM OiftM - oc-j q m » o o a o t o e o o M Q o S if c f f ig ) 1 P1____
70.
* Louisville figures “ n e t” in both years.
~
‘ !
t This year’s figures estim ated,
Palestine, Texas.—Moisture has improved cotton, There
t Last year’s figures are for Sherman, Texas.
has been rain on four days during the week, and the rain­
The above totals show that the interior stocks have decreased fall reached one inch and eighteen hundredths. The ther­
during the week 1,120 bales and are now 21,005 bales less than mometer; has averaged 82, the highest being 94 and the low­
at same period last year. The receipts at all the towns have est 70.
been 9,964 bales more than same week last year and since
Huntsville, Texas,—Rain has fallen on four days during the
Sept. 1 are 460,369 bales more than for same time in 1892-93,
week, to the extent of one inch and nine hundredths,- bene-




338

THE CHRONICLE

fitting cotton. The thermometer has averaged 84, ranging
from 72 to 96.
Dallas, Texas.—The weather has been favorable to crops
the past week. Picking has been retarded to some extent
over the Southern portion of the State where cotton is open­
ing. There has been rain on one day, the precipitation reach­
ing fifty-three hundredths of an inch. The thermometer has
ranged from 64 to 98, averaging 80.
San Antonio, Texas. —Crops are doing very well. We have
had only a trace of rain during the week. Average ther­
mometer 83, highest 96 and lowest 70.
Luling, Texas.—Cotton is doing finely. We have had rain
on two days of the past week, the precipitation reaching eleven
hundredths of an inch. The thermometer has averaged 85,
the highest being 98 and the lowest 72.
Columbia, Texas.—The top crop looks very promising. We
have had rain on three days during the week, the rainfall
reaching twenty-nine hundredths of an inch. The thermome­
ter has averaged 80, ranging from 70 to 90.
Cuero, Texas.—The outlook for the top crop is very good.
There has been rain on three days the past week, the precipi­
tation reaching sixty-eight hundredths of an inch, The ther­
mometer has ranged from 74 to 96, averaging 85.
Brenham, Texas.—Crops generally are doing well. It has
rained on three days of the week, the rainfall reaching two
inches and fifty-six hundredths. Average thermometer 85,
highest 98 and lowest 72.
Belton, Texas.—Cotton is doing nicely. It has rained on
two days of the week, the precipitation being s9venty-one
hundredths of an inch. The thermometer has averaged 84,
the highest being 98 and the lowest 70.
Fort Worth, Texas.—We have had rain on one day of the
week, the rainfall reaching thirty-eight hundredths of an
inch. Crops are doing well as a rule. The thermometer has
averaged 80, ranging from 65 to 96.
Weatherford, lexas.—Crops are doing well. We have had
rain on two days of the week, with a precipitation of thirtyone hundredths of an inch. The thermometer has ranged
from 66 to 96, averaging 81.
New Orleans, Louisiana.—Rain has fallen on three days of
the week, to.the ex teit of seventy-four hundredths of an inch;
average thermometer, 81.
Shreveport, Louisiana.—We have had rain on five days dur­
ing the week, the precipitation reaching two inches and ten
hundredths. The thermometer has averaged 78, the highest
being 91 and the lowest 65.
Columbus, Mississippi.—Picking has been retarded by the
w et weather. During the week ending last night rain fell on
three days to the extent of three inches and forty-two hun­
dredths. The thermometer has averaged 80, ranging from
66 to 95.
Leland, Mississippi.—There has been rain on three days of
the week, the rainfall reaching two inches and twenty-four
Siundredths. The thermometer has ranged from 66 to 91, averaeing 76-9.
Meridian, Mississippi.—Telegram not received.
Little Bock, Arkansas.—We have had rain on six days of
the week, the rainfall reaching two inches and forty-one hun­
dredths. The thermometer has averaged 76'7, the highest
being 94 and the lowest 66.
Helena, Arkansas.—It has rained on four days of the week,
the rainfall reaching one inch and seventy-nine hundredths.
The rain has been light, but almost continuous, the past three
days and shows no signs of letting up. Cool weather and too
much moisture are said to be damaging cotton. The ther­
mometer has averaged 76'4, ranging from 61 to 93.
Memphis, Tennessee.—We have had too much rain and lat­
terly tbe weather has been too cool, but crops are generally in
good condition. The week’s precipitation has been three
inches and fifteen hundredths, on six days, and more is now
threatened. The thermometer has ranged from 65'3 to 92'8,
averaging 76 2.
Nashville, Tennessee.—The week’s rainfall has been one inch
and thirty-six hundredths. Average thermometer 76, highest
92 and lowest 65.
Mobile, Alabama.—There are some complaints of rust and
shedding as a result of excessive rains. Rain has fallen on
six days of the week, to the extent of eighty-six hundredths
of an inch. The thermometer has averaged 79, the highest
beiDg 91 and the lowest 69.
Montgomery, Alabama.—There has been rain on three days
during the week, the precipitation being two inches and four
hundredths. The thermometer has averaged 79, ranging from
70 to 88.
Selma, Alabama.—Severe rain storms for almost three en­
tire days are said to have done quite serious damage, causing
cotton to sprout in the bolls. There has been rain on five days
of the past week, the rainfall reaching seven inches and
seventy-one hundredths, of which five an d a-half inches in
twenty-four hours. The thermometer has ranged from 66 to
94, averaging 77.
Madison, Florida.—Picking commenced this week. There
has been rain on four days of tbe week, the precipitation
reaching one inch and eighty hundredths. Average ther­
mometer 81, highest 90, lowest 69.
Columbus, Georgia.—The week’s rainfall has been two
inches and twenty-two hundredths on two days. The ther­
mometer has averaged 80, the highest being 92 and the low­
est 70.
Savannah, Georgia.—It has rained on each day of the
week, the rainfall being two inches and seventy-two hun­




|V O L, L 1 X .

dredths. The thermometer has averaged 80, ranging from 68
to 98.
Augusta, Georgia.—The weather has been favorable for
crops the past week. Cotton is doing well in rad lands, but
in grey sandy lands the plant is small and poorly fruited.
It has rained lightly on four days during the week, to the ex­
tent of sixty-six hundredths of an inch, The thermometer
has averaged 79, ranging from 68 to 92.
Charleston, South Carolina.—There has been rain on six
days of the past week, the precipitation being one inch and
sixty hundredths. Average thermometer 78, highest 91 and
lowest 67.
Stateburg, South Carolina.—Rain has fallen on two days of
the week to the extent of eighty-nine hundredths of an inch.
Some hail and wind accompanied the rain of Monday, but no
damage resulted. The thermometer has averaged 76, the
highest being 85 and the lowest 68.
Wilson, North Carolina.—Telegram not received.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
8 o’clock August 23, 1894, and August 24, 1893.

New O rleans___ ___Above low-water mark.
M em phis___. . . . ___Above low-water m ark.
N a sh v ille .......... ___Above low-water m ark.
Shreveport......... ___Above low-water mark.
Vicksburg........... ___Above low-water mark.

Aug. 23, ’94 A ug. 24, ’93
Feet.
, Feet.
4-1
3-3
4*5
1-4
15
0-7
2-4
1-5
5*8
22

I n d i a C o t t o n M o v e m e n t F rom a l l P o r t s .— The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to August 23.
BOM BAY R E C E IP T S AND SH IPM E N T S F O R F O U R Y E A RS.

Receipts,
This
Since
Week. Sept. 1.

Shipm ents th is week. Shipm ents since Sept. 1.
fear Great Oonti- Total. G reat Conti­
T otal.
B rita in nent.
B rit’n. nent.
93-4
’92-3
91-2
90-1

3.000 3,000 47.000 765.000 812,000 7.000 1,800,000
5.000 5.000 44.000 808.000 852.000 4.000 1.736.000
3.000 3.000 69.000 832.000 901.000 5.000 1.748.000
1.000 1.000 104,000 920.000 1,024.000 10,000 2.059.000

According to the foregoing Bombay appears to show
an increase compared with last year in the week’s receipts of
3,000 bales and a decrease in shipments of 2,000 bales, and
the shipments since Sept. 1 show a decrease of 40,000 bales.
The movement at Calcutta, Madras, and other India ports f i
the last reported week and since the 1st of September, for two
years, has been as follows. “ Other ports” cover Ceylon,
Tuticorin. Kurrachee and Coconada.
Shipments since Sept, ».

Shipm ents for the week.
Great
B ritain.
Calcutta—
1893-94.*
1892-93...
Madras—
1893-94...
1892-93...
All others—
1893 9 4 ...
1892-93...
Total all—
1893-94...
1892-93...

Conti­
nent.

4,000

Total.

Total.

1,000

1,000

21,000
12,000

87,000
45,000

108,000
57,000

1,000

5,000

23,000
19,000

16,000
8,000

39,000
27,000

2,000

2,000
1,000

36,000
32,000

94,000
65,000

130,000
97,000

2,000
2,000

2,000
7,000

80,000
63,000

197,000
118.000

277,000
181.000

1,0-JO

5,oo'o

Great
B ritain. Continent.

The above totals for the week show that the movement from
the ports other than Bombay is 5,000 bales less than the same
week last year. For the whole of India, therefore, the total
shipments since September 1, 1893, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO EUROPE FROM ALL IN DIA .

Shipm ents
io a ll Europe
fro m —
Bombay............
àlloth erports.
T otal..........

3.000
2.000

1891-92

1892-93.

1893-94.
This
week.

Since
Sept. 1.
812.000
277,000

Since
Sept. 1.

This
week.
5.000
7.000

Since
Sept. 1.

This
week.

852.000
181.000

3.000
8.000

901.000
194.000

5,000 1.089,000 12,000 1,033,000 11,000 1.095,000

ALEXANDRIA RECEIPTS a n d S h ip m e n t s .— Through arrange­
ments we have made with Messrs. Davies, Benachi & Co,, of
Liverpool and Alexandria, we now receive a weekly cabl* of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
A lexandria, Egypt,
August 22.
Receipts (can tars*)....
This w e e k ....
Since Sept. 1.

Exports (bales)—
To L iverpool.............
To C ontinent.............

1891-92.

1893-94.

1892-93.

4,978,000
Since
This
week. Sept. 1.

5,143,000
Since
This
week. Sept. 1.

2,000
4,666 000
Since
This
week. Sept. 1.

314.000

313.000
3,000 352.000

2.000 332.000
4,000 287.000

3,000 665,000

6,000 619,000

2",000 343.000

T otal E urope......... 2,000 657.00
. * A oaatar is 93 pounds.

This statement shows that the receipts for the week ending
Aug. 22 w e re -----cantars a n i the shipments to all Europ®
2 ,0u0 bales.

THE CHRONICLE.

A u g u s t 25, 1894.J

M a n c h e s t e r M a r e e t . —Our report received 0 7 cable to
night from Manchester states that the market it firm for
yarus and dull for sheetings. The demand for yarn is
improving. We give the prices for to-day below and leave
those for previous weeks of this and last year for comparison
1894.

Oop.
Twist.

4.
4.
J’y 20 57s ®63t
“ 27 57s 9 6 \
Aug.3 ft % ®H 5g
f* 10 53t <86*8
“ 17
« 24 5%

1393.

8*4 lbs.
Skirtings.

82«

s.
4
4
4
4
4
4

4.

Oott’n
Mid.
Uplds

32*

d

4.

s. d.

Oop.
Twist.
d.

s. 4.

Mid
Uplo

s. 4
9 7 4 ij
® 7 4*2
® 7 4*2
6 3 78 611xh#7*2 5 7*207 5
5*s 337 12 6*8 07% 5 7*207 5
327:is 611x8 ®73s 5 7*«®7 4*2
6
M o v e m e n t . —We have received

6 % ®7*s 5 7
8 ®6 7
6 ** 3 7s 6H ®7*n 5 7
6
611x6
07*2 5 7
313x6

7*«®6
7 ®6
7 -a 6
6*3 ®6
6 *2 *6

ttO H >

8*4 lbs.
Shirtings.

d
4*2
4*9
Ì47xt,
7 10
4*4
4*4

S e a I s l a n d C o tto n
thi_
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (August 21) and since
Sept. 1, 1893, the stocks to-night, and the same items for the
corresponding periods of 1892-93, are as follows
1893-94.
Receipts to Aug. 24.

1892-93.

Stock.

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

S a van n ah . .
Charleston.,
flo rid a , &c.

2 54,248
2,24ft
3,571

13 35,474
67
6,130
3,775

Total.

2 60,064

8'* 4ft,400

1893.

814 1,399
28 S
429
785
73
1,888

1,901

C o t t o n C r o p C i r c u l a r , —Our Annual Cotton Crop Review
will be ready in circular form about Thursday, the 6 th of
September. Parties desiring the circular in quantities, w ith
their business card printed thereon, should send in their
orders as soon as possible, to ensure early delivery.
F ir s t B a l e o p L o u i s ia n a C o t t o n .—-The first bale of cotton
of the Louisiana crop of 1894 was received at New Orleans on
Tuesday, August 14. This bale was shipped by Mr. M. C.
Moreau, of Avoyelles parish, and consigned to Messrs, F.
Gumbel & Co. The purchaser was Mr. A. Seruntine. The
bale classed strict middling and sold for 9% cents per pound.
Last year the first bale of Louisiana cotton reached New
Orleans on August 3; in 1892 the first arrival was on August
24; in 1891 on August 24, and in 1890 on August 8 .
N e w M i s s i s s i p p i C o t t o n .— The first bale of new cotton
raised in Mississippi was received at New Orleans on Thursday,
August 16, from Osyka. It was raised by Messrs. Wilson &
Addison, and sold for 7% cents per pound. Last year the
first bale reached New Orleans on August 15, from Osyka.
In 1892 the first bale reached Meridian from Clarke County
on August 19, and in 1891 the first new Mississippi bale made
its appearance at New Orleans on August 14.
J u t e B u t t s , B a g g in g , & c .—The demand for jute bagging
has been fairly satisfactory during the week under review at
steady prices. Qnotations this evening are 6 c. for 1% lbs.,
6 %c. for 2 lbs. and 7%c. for standard grades in a jobbing
way. Quotations for car-load lots of standard brands have
also ruled steady at 6 c. for
lbs., 6%c. for 2 lbs. and 7 J£c.
for
lbs., f. o. b. at New York. Jute butts are dull and*
nominal on the spot.

of — bales, of which — bales were to Great Britain, — to
France and — to Reval, and the amount forwarded to
Northern mills has been 31 bales. Below are the exports fo
C o m p a r a t iv e P o r t R e c e i p t s a n d D a i l v C r o p M o v e m e n t
the week and since September 1 in 1893-94 and 1892-93.
—A comparison of the port movement by weeks is not
Week E nding Aug. 24. Since Sept. 1, 1893. North’n Mills. accurate as the weeks in different years do not end on the
Exports
same day of the month. We have consequently added to our
tfrom—
Great Fr’nce
Great Fr’nce
Since other standing tables a daily and monthly statement, that
Total. Week. S epl.l
Bril'n. die. Total. Bril'n. die.
the reader may constantly have before him the data for
Savannah... ........ - - - - - ....... 22,932 2,326 25,258
31 18,220 seeing the exact relative movement for the years named.
Oharl’t ’n.&c
386
17
403
1,227 Tne monthly movements since September 1, 1893, and in
Florida, &e.
125
125
3,141 previous years, have been as follows:
New Y ork..
3,688 2,343 6,031
B o sto n ........
B altim ore..

.........

.........

.........

5,420
72

5,420
72

.........

"""""

T o ta l........
Tot. 1892-93

Monthly

Year Beginning September 1.
1893.

46

.......

46 20,647

1,901 22,518

40 22,911

1892.

1891.

1890.

1889.

1888.

Sept’mb’r 377,408 405,355 676,823 732,236 561,710 332 ,0 1 7
O ctober.. 1,311,269 1,135,473 1,532,426 1,365,231 1,325,358 1,133,016
Novemb’r 1,272,776 1,125,855 1,376,909 1,145,416 1,257,520 1,159,063
Decemb’r 1,239,738 930,029 1,215,144 1,195,063 1,116,928 1,103,713
J a n u a ry . 687,028 436,457 665,162 859,979 700,909 718,091
February 330,504 291,648 658,855 535,273 410,044 461,201
March. .. 257,163 241,750 376,400 427,702 213,697 3 3 0 ,5 1 0
A p r il. . . . 217,600 202,158 251,522 298,132 110,053 166,571
May......... 126,011 129,905 192,895 196,018
57,362
66,319
J u n e .......
65,998
95,682 101,161 101,834
18,102
25,191
J u ly ........
31,783
49,852
61,525
43,962
19,306
13,715

A considerable portion of the Sea Island cotton snipped to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead of including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table of including it when
actually exported from New York, &c. The details of the
shipments of Sea Island cotton for the week will be found
under the head “ Shipping News,” on a subsequent page.
Quotations August 24 at Savannah, for Floridas, common
13c.; medium fine, I5^c.; choice, Yl%c.
Charleston, Carolinas, medium fine, 20 to 23c.; fine, 25 to
30c.; extra fine, 30 to 40c., all nominal.
T otal... 5,917.278 5,055,837 7,097,149 6,900,846 5,792,487 5,507,909
F a l l R i v e r M I l l D i v i d e n d s . —In our editorial columns Pero’ta g e o i tot. port
99 02
98-68
98-58
99-28
to-day will be found an article showing the results of opera­ receip ts July 3 1 .. 98-86
tions of Fall River Mills during the third quarter and first
This statem ent shows th at up to July 31 the receipts
nine months of 1894.
at the ports in 1833-94 were 861,411 bales more than in 1892-93
C o t t o n Mi l l S t r ik e s , & c .—A strike of operatives in the cot­ and 1,179,871 bales less than in 1891-92. By adding to the
totals to July 3L the daily receipts since that time we shall
ton-manufacturing establishments located at New Bedford, be
able go reach an exact comparison of the movement for
Mass.,against a reduction of wages was inaugurated on Monday the different years.
morning, August 20. In view of the existing trade conditions
1893-94. 1892-93. 1891-92. 1890-91. 1889-90. 1888-89.
the management of all the factories in the city ODly excepting
the Howland Mills, Rotch Spinning Co. and New Bedford To. J’ly 31 5,917,278 5,055,837 7,097,149 3,900,846 5,792,487 5,507,909
1,664
646
12
582
1,095
1,316
Manufacturing Co.—which are all under one control—agreed Aug. 1 ....
361
1,524
8.
100
230
320
that a cut in wages was necessary and posted notices to that *| 2 . . . .
1,569
4
2,015
1,113
8.
663
effect. The strike was immediately decided upon by the ““ 43 .. .. .. ..
2,036
1,477
403
8.
815
1,397
employees and every mill in the city, including the three “ 5 . . . .
1,040
1,903
1,026
253
118
8.
mentioned above, ceased operations. The Howland, Rotch “ 6 . . . .
8.
979
253
712
189
420
52
1,737
939
209
1,586
8.
and New Bedford factories will, however, resume work on “ 7 . . . .
1,492
1,353
1,246
6,590
59
399
Monday, August 27, at the old rates. Leaving out of con­ « 8 . . . .
524
2,207
8.
203
1,100
1,146
...
sideration these three companies the strike is said to involve ““ 1 90 .....
1,025
37
1,499
8.
1,120
427
about 7,000 operators, and the machinery idle aggregates “ 1 1 ....
8.
1,189
415
1,250
1,268
1,708
212
527
1,109
376
nearly 850,000 spindles and 15,575 looms.
S.
2,493
1 1 2 ....
202
1,189
825
8.
1,498
2,406
In consequence of the refusal of a considerable number of “ 1 3 ....
2,126
97
8.
248
2,622
243
the operatives in the Fall River cotton mills to accept a tem­ « 1 4 ....
2,248
156
1,016
1,250
891
1,193
“ 1 5 ....
porary reduction of wages an agreement was entered into by “ 1 6 ....
912
8.
1,156
702
433
1,838
all the mills in the city except those controlled by the Fall “ 1 7 . . . .
4,099
457
1,154
8.
1,530
1,638
1,992
8.
746
3,206
452
2,515
River Iron Works to cease operations at 6 P. M. on August “ 1 8 ....
2,840
1,068
3,939
2,971
. 2,137
S.
23 for an indefinite period, or until employees feel disposed to “ 1 9 ....
1,226
1,290
2,039
1,252
8.
2,881
return to work. As a result there are now idle in Fall River j “ 2 0 ....
4,260
972
8.
6,438]
1,355]
2,094
“ 2 1 ....
upwards of 23,000 operatives, and the idle machinery com- “ 2 2 ....
2,795
3,196
1,470
2,224
1,986
2,517
drises about 2,300,000 spindles and 52,000 looms.
4,947
1,339
2,391
2,853
8.
2,545
“ 2 3 ....
3,174
7,056
8.
1,390
1,419
3,633
A number of weavers in the China mill at Suncook, New j “ 2 4 . . . .
Hampshire, struck on Wednesday against a proposed ten per T o t a l. . 5,945,910 5,092,917 7,126,217 6,946,833 5,824,005 5,520,143
cent reduction in wages, and it is anticipated that the strike P ercentage of total
99-50
99-10
99-56
99-33
99-39
port reo’pts Aug 21
may extend to the Pembroke and Webster mills.




THE CHRONICLE.

340

This statem ent shows th at the receipts since Sept. 1 up to
to-night are now 8)2,993 bales more than they were to the
same day of the month in 1893 and 1,139,307 bales les3 than
they were to the same day of the month in 1892. We add to
the table the percentages of total port receipts which had
been received to August 24 in each of the years named.
The E xports op Cotton from New York this week show an
increase compared with last week, the total reaching 15,463
bales, against 9,730 bales last week. Below we give our
usual table, showing the exports of cotton from New York,
and the direction, for each of the last four weeks; also the
total exports and direction since Sept. 1,1893, and in the last
column the total for the same period of the previous year.
HXPOBTSOF COTTON (BALES) FROM NEW YORK SINCE SEPT. 1 , 185)3.

Exported to—

Week Ending—
Aug. Aug. Aug. Aug.

Same
Total
period
since previous
Sept. 1«
year.

104 3,890 3,103 2,209
302 2,922
2,700 1,450

355.639
136,725

385,702
90,464

5,340 3,405

5,131

492,364

476,166

...... ......
165 ......

19,273
225

32,938

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

19,498

32,938

254
801
1,800

57.492
28,980
94,124

51,934
25,888
74,835

T ot . to Gt . B rit ’n . 2,804

24.

17.

10.

3.

L iv er p o o l....... ...........
Other B ritish p orts..

165

Other French p orts..
Total F r e n c h . . . .

[VOL. L1X,

Cotton freights the past week have been as follows:
Hon.

Satur.

Tues.

Liverpool, steam .d
116
116
Do
later..d.
3,)2
332
21f
21t
Havre, steam ... d.
___
___
Do
s p o t....... d.
201
Bremen, steam . .d. got
.
.
.
.
• •••
Do
la te r ... d.
Hamburg, steamd.
*8
....
Do
later..d.
251
25t
Ams’dam, steam.c.
tteval, via H ull.d.
B33
5S2
Do v. Hamb d.
532
B32
B’lona, d irect...d .
316
3J0
Genoa, stea m ...d .
®64
904
281
Do v.M’s’l’s.&e.d.
28t
Trieste, v.Genoa.d.
3t6
3ie
Antwerp, steam .d.
SS2
3S2
t Cents net per 100 lbs.
*
Liverpool.—By cable from

Other p o r t s ..... . . . . . .

481
150
998

200
500
1,074

T ot . to N o. E u r o p e

1,287

1,629

1,774

2,855

150,596

152,657

Spain, Ita ly , &o......... 11,001
589
A ll o th e r .....................

4,551

7,477

90,070
5,780

52,937
1,962

T otal S pa in , &o .. 11,590

4,551

7,477

95,850

54,899

1ie
3,g
211
—
201
....

116
3H2
211
....
201
....

116
332
211
—
201

....
251
®32
5(2
310
9*4
281
316

....
251
®32
310
964
281
3ie

251
B32
B32
316
9r4
281
3ia

^ 39

S 39

S 39

Fri.
ha
332
211
....
201
....

*
251
532
B32
310
904
28+
“ 84

3S 2

Liverpool we have the following
statement of the week’s sales, stocks, &c., at that port:
Aug. 10 Aug.

Aug. 3.

685
50
552

Wednes. Thurs.

17.

Aug. 24.

'53,000
50.000
35.000
60,000
Sales of the w eek............bales.
1,800
3.000
1,400
3,200
Of which exporters took . . .
200
200
200
300
Of which speculators took ..
44.000
42.000
31.000
51.000
Sales A m erican ..................... .
10.000
10.000
10.000
7.000
Actual exp ort......................... .
47.000
40.000
55.000
52.000
Forwarded.............................
Total stook—E stim ated............ 1.205.000 1,164,000 1,112,000 1,063,000
Of which American—Estim ’d 1.008.000 976,000 933,000 894,000
8,000
13.000
9.000
18.000
Total im port of the w eek------6,000
6.000
5.000
8.000
Of which A m erican ......... .
31.000
25.000
25.000
27.000
Amount a float......................
15.000
21.000
15.000
15.000
Of which American— .........

G rand T o t a l — 15,846 6,969 9,730 15.463 788.308 716,660
T he F ollowing are the » ross R eceipts op Cotton at

The tone of the Liverpool market for spots and futures each
lay of the week ending Aug. 24, and the daily closing prices
New York, Boston, Philadelphia and Baltim ore for th e past 9 f spot cotton, have been as follows:
week, and since September 1, 1893.
Spot.
Saturday Monday. Tuesday. Wednes. Thursd’y. F rida ,
NBW Y ORK .

Receipts
week. S e p t . l .
N . O rlean s...
T e x a s ...........
S a v a n n a h ...
M o b ile .........
F lo r id a .........
So. C aro lin a

BOSTON.

P h i l a d b l p h ’a

BALTIMORB.

This
Since
T his Since
S in c e
week. Sept. 1 • week. Sept. 1 ■ week. Sept.
TIHs

1,709
283
565
10
203
51

401,354
224,808
244,118
112
20,202
72.198

......
10

58,012
............

12,318

........

.........
104
.........

92,111

109,140

297

62,415

536,809

870

94,953

870

263,663

593,501

1,551

103,757

1,938

247,205

T e n n ., & c...
m ! rrn
nF noreig
ii...... .

860
635

54.058
292,026
101,776
30,937

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

2,821 1,165.867

1,505

L a s t y e a r ....

4,695 1,148,595

2,210

439

6,000
400

S h i p p in g N e w s . — T h e e x p o r ts o f c o t to n f r o m t h e U n ite d
S ta te s t h e p a st w e e k , a s p er l a t e s t m a i l r e tu r n s, h a v e r e a c h e d
21,226 b a les. S o f a r a s t h e S o u th e r n p o r ts are c o n c e r n e %th e s e
a r e t h e sa m e e x p o r ts r ep o rted b y te le g r a p h a n d p u b lis h e d in
t h e C h r o n ic l e la s t F r id a y .
W it h r e g a r d t o N e w Y o r k w e
in c lu d e t h e m a n if e s ts o f a ll v e s s e ls c le a r e d u p t o T h u rsd a y .
Total balesN ew Y ork —To Liverpool, per steamers Dona Maria, 4 7 8 ....
Lassell, 1,334 . ..R u n ic. 397 ............................ ......... .
2.209
To Hull, per steam er Francisco, 2.922....... ............................... 2,922
To Bremen, uer steam ers Kaiser Wilhelm II., 1 5 0 ....W ittekind, 104
'.................. .
....................... - .........
.............
254
To Hamburg, per steam ers Marsala, 1 — Suevia, 800. . . . . .
801
To Antwerp, per steam ers Lepanto, 300 . . . Wester nland,
1 , 5 0 0 . . . . . ............................... .
.......... ........................... - ........ 1,809
To Genoa, per steam ers Alsatla, 3 ,5 1 4 ....In izia tiv a , 1,6 L9
__ Rugia, 1 0 0 ....V eg a . 1,536........................................
6,769
To Naples, per steam er Rugia (additional). 708 .....................
7o8
N ew Orleans —To Liverpool, per steamers Electrician, 2,235
___Strabo, 1 .4 6 4 .................................................. . . . . . . . . . . . . . .
3,699
B oston—To Liverpool, per steam er Catalonia, 9 6 ,............----96
B altimore—To Liverpool, oer steam er Hedgemore. 2 8 4 ..........
284
To Bteraen, per steamer Weimar, 620 . . . . . . . . . . . . . . . . . . . . . . .
620
To Hamburg, per steamer G&lioia, 2 0 0 ................................ .
200
To Antwerp, per steamer Ri^],to,i $50,
........
250
P hiladelphia —t'o Liverpool, per steam«* Indiana, 2 9 5 ....... r.~.
‘ 285
To Antwerp, per steamer Illinois, 285— ....... . .............. . n j 295
San F rancisco—To Liverpool, per bark Drumcliff, 3 4 ............ .
{ 34
Total................................................................................................. . 21,226
T h e p a r tic u la r s o f th e s e sh ip m e n ts , a r r a n g e d i n o u r u s a l
fo r m , a re a s f o llo w s ;
Bremen
Liver«5 Ham• Antpool. Hull. burg. werp. Genoa. Naples. Total.
7o8 15,463
New York....... — - 2.209 2,922 1,055 l,8 u 0 6,7ö9
.........
3,699
N. Orleans....... . . . . 3,699 ....U ____ ____
____
.........
96
96
Boston..............
.........
1,354
234
820
250
Baltimore........
.........
580
Philadel’a........
295
34
San F ran.........
.........
......... .........

Market, ? Q u ie t an d
4 P. M. ( ste a d y .

32732

31318

S te a d y .

Q u iet.

32732

32732

10,000
500

8,000
500

6,000
500

8,000
500

D u ll a t
2.64 d e ­
c lin e .

S te a d y a t
1-64 a d ­
vance.

S te a d y .

S te a d y a t
p a r tia lly
1-64 d ec.

Q u ie t.

B a re ly
■ tead v .

S te a d y .

S te a d y .

8,000
500

Futures.

489

70,529
11,640

S a les...........
Spec. & exp.

M o d e ra te
dem and.

D u ll.

32732

d y a t Q u ie t a t
Market, \ Spteaartia
lly p a r tia lly
1:45 P . M. J 1-64 d ee . 1-64 dee.

3,779
10,132
68,674

101,9X8

32732

Mid.Upl’ds.

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

430

V ir g in ia . . . .

10

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

Market, 1 S m all I n b u y e rs ’
fa v o r.
1:45 P . m. J in q u iry .

V ery
s te a d y .

The opening, highest, lowest and closing prices of futures
at Liverpool for each day are given below. Prices are on
me basis of Uplands, Low Middling clause, unless otherw se
stated:
r a * The prices are given in pence a n d 64 ths. Thus : 3 63 means
3 63-644. and 4 01 meins 4 l-6 4 d .
______
S a t., A u g. 1 8 .
-

_u”

A u g u s t........
A u g .-S e p t..
S e p t.-O c t...
O ct.-N o v ....
N o v .-D e c...
D e c.-Jan ....
J a n .-F e b .. .
F eb .-M cb ..
M eb.- A p ril.
A p ril-M ay ..

M oil., A u g. 2 0 .

T u e« ., A u g. 2 1 .

Open Hi oh Low. Oloe. Open High Low. Oil. Open High Low. Oloe.
■f ■ d.
d.
d.
d.
d.
d.
d.
a.
d.
<%.
d.
3 48
3 48
318
3 49
3 49
3 50
3 51
3 53
3 54
3 56

3 49
3 49
3 49
3 49
3 50
3 51
3 52
3 53
3 55
3 56

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

3 49
3 49
3 49
3 49
3 50
3 51
3 52
3 53
3 55
3 56

W ed ., A u g . 2 2 .

3 48
348
3 48
3 48
3 49
3 50
3 61
3 52
3 54
3 55

3 49
3 49
3 49
3 49
3 50
3 51
3 52
3 53
3 55
3 56

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

3 49
3 49
3 49
3 49
3 50
3 51
352
8 53
3 55
3 56 !

T h i n . , A ug 2 3 .

3 45
3 45
3 45
3 46
316
3 47
3 48
3 50
3 51
3 53

3 46
3 46
3 46
3 47
3 47
3 43
3 49
3 50
3 52
8 54

3 45
3 45
3 45
8 46
3 46
3 47
3 48
3 50
3 51
3 53

3 46
3 46
3 46
3 47
3 47
3 43
3 49
3 50
3 52
354

F r i., A u g . 2 4 .

Open Hi gh Low. Oloe. Open High Low. Oloe. Open High Low. Oloe.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
A u g u s t.......
A u g .-S e p t..
3 e p t.-O o t...
O ct.-N o v ....
N o v .-D e e ...
D e c .-J a n ....
J a n .- F e b ....
F eb.-M ch ..
M ch.-A pril.
A o ril-M ay ..

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

3 47
3 47
3 47
3 48
3 48
3 49
3 51
3 52
3 53
3 55

3 47
3 47
3 47
3 47
3 48
3 48
3 49
351
3 52
3 54

3 47
3 47
3 47
3 48
3 48
3 49
3 50
3 51
3 53
3 51

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

B R E A D S

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

3 47
3 47
3 47
3 43
3 48
3 49
3 50
3 51
3 53
3 54

3 49
3 49
3 49
3 49
3 50
350
3 51
3 53
3 54
3 56

T U I? F

3 48
3 47
3 47
3 48
3 48
3 49
3 50
3 5L
8 53
3 54

3 49
3 49
3 48
3 48
3 49
3 49
3 50
3 52
3 53
8 56

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

3 49
3 49
3 48
3 48
3 19
3 49
3 50
3 53
3 53
3 55

s.

F r id a y , A u g u st 24, 1894.

Although the price of wheat has advanced slightly during
708 2 1 2 2 6 the week under review, the market for wheat fl )ur has been
6.607 2,922 1,875 2,345 6,769
Below we add the clearances this week of vessels carrying practically neglected, as buyers have shown no disposition to
cotton from United States ports, bringing our data down io trade unless granted concessions, and this holders have refused
the latest dates:
to do. Rye flour has been firmly held owing to scarcity.
N e w O r l e a n s —T o Liverpool—Aug. 21 Steamer Floridian, 4 ,5 8 0 .
Corn meal has been well held in sympathy with an aivance
To Barcelona—Aug. 22- Steam er Juau Forgas, 4,847.
in the grain. To-day the market for wheat flour was dull and
N o r f o l k —To Hamburg—Aug. 2 ) —Steauiei BritUn Xing, 2,520.
easy.
B o s t o n — To L iverpool-A u g 20—Steamer Angloman, 67.
Total ........... . . . .




A

u g u st

841

THE CHRONICLE.

25, 1894,]

The receipts of flour and grain at the seaboard ports for the
There has been a moderately active speculation in the mar­
ket for wheat futures, and duritte the first half of the week week ended Aug. 18, 1894, follow:
Barley,
Rye,
Flour,
Oats,
Wheat,
Com,
prices advanced moderately on fair buying, stimulated by re­ Receipts at—
bush.
bush,.
bush.
bush.
bbls.
bush.
ports of damage to the growing crop on the Continent, a dis­ New
7.275
197,225 1.495.2 >0
Y o rk .... . . . . ... 148,763 1.166,350
2,300
175.725
B o sto n...................
70,725
32,540
appointing increase in the supply in sight and a falling off in M
24,087
o n treal............... . . . 23,764
the crop movement. Subsequently foreign advices turned P h ila d e lp h ia .......
304.8s5
33 579
985,505
4,207
86,542
o re.............
10,11-3
438.1 U
weaker, and this prompted selling by “longs,” under which BR altim
000
8.444
8 720
ich m o n d............
27.1’8
part of the improvement was lost. The spot market has been New
45,799
5,983
O rlean s . . . .
47,087
moderately active for export and the course of prices has fol­
1,390
14,502
291,16! 2 140,0-2!
T o ta l w e e k ... . . . 421.470 2,015,516
800
131,345
lowed futures. The sales yesterday included No. 2 hard W eek
1893............ . . . 407.537 4,071,005 1,254,093 1,173,879
Kansas at % 5. over September in store, No. 1 IJorthern at
The total receipts at ports named in last' table from. Jan. 1
about 8c. over September f. o. b. afloat, No. 2 spring at about
Aug. 18 compare as follows for four years:
2%c. over September delivered and No. 1 hard spring at toReceipts
1891.
1892.
1893.
of—
1894.
about 9%c. over September delivered. To-day the market F lo u r..................
8,713,427
11,493,128
..b b ls . 12,315,967
11,770,313
was easier under realizing sales prompted by weaker foreign W h e a t .............. ■bush. 29,546.035
4-2,683 017
69,353,0 !1
59 450.551
advices. The spot market was fairly active and steady. The C o r n ................... ........... 34,470,131
25 749.649
67,030,514
34,774.333
22,034,028
28.011,369
34,496,091
sales included No. 2 red winter at September price delivered OB aa rtles ...................
1,828 251
2,704,651
3,076,610
y ...............
and No. 1 Northern at about 8c over September f. o. b. afloat. R ye....................
¿334,377
2,877,431
827,482
208,574
DAILT CLOSING PRICES OP NO. 2 RED WINTER WHEAT.

Sat.
August delivery.........
5 6 78
September delivery.. -.-O. 571«
October d e liv e r y .... ... 0 . 581«
December d elivery.. ...e . 6078
May delivery............. . .. 0 . 65%

Mon.

Tues.

Wed.

Thurs.

Fri

58 q
58%
5 9 78
62*4

5»Si
59%
60%
62%
67%

58
58%
59%
62
66%

58
58%
59%
6 I 78
66%

57%
58%
59%
61
66%

07%

The dealings in the speculative market for Indian corn fu­
tures have been dull, but prices have advanced slightly on
buying by a few shorts to cover contracts, stimulated by further talk of crop damage and the generally unfavorable out­
look for an average crop. The average estimate for the yield
of the growing crop is 1,500,000,000 bushels. The spot rparket
has been quiet. The sales yesterday included No. 2 mixed at
61@61^c., delivered. To-day the market was weaker during
early ’Change in sympathy with wheat, but later advanced
on buying by “ shorts ” to cover contracts, stimulated by pre­
dictions of a decrease in the crop movement. The spot mar­
ket was weaker. The sales included No. 2 mixed at 60^@61c.,
delivered.
DAILT CLOSING PRICES OP NO. 2 MIXED CORN.

Sat.
A ugust d elivery.........
September d elivery...
October d e liv e r y __ . . . 0 .
December d eliv ery...
May delivery................ . . 0 .

5 9 "4
58%
57%
55%
54%

Mon.

60%
59%
58%
56%
55%

Tues.
61%
60%
59%
57%
56%

Thurs.

Wed.

61
59%
58%
56%
55%

61
60
59%
57%
56%

F ri.
61
59%
58%
56%
56

Oats for future delivery have not received very much at­
tention, but prices have advanced in sympathy with wheat
and corn and on an active consumptive demand. The spot
market has been active at firm prices. The sales yesterday
included No. 2 mixed at 33^@34c. in elevator and No. 2
white at 31%c, in elevator. To-day the market declined
under realizing sales, prompted by a heavy crop movement.
The spot market was active at lower prices. The sales in­
cluded No. 2 mixed at 33J^c. and No. 2 white at 37c.
DAILT CLOSING PRICES OP NO. 2 MIXED OATS.

Sat.
Mon.
Tues.
33%
33%
August d e liv e r y ..... O. 33%
34
34%
September delivery. ...O . 33%
35
35%
October delivery___ . . . o . 34%
T h e f o llo w in g a re c lo s in g q u o ta tio n s:

Thurs.
33%
34%
35%

Wed.
33%
34%
35%

Fri
33%
33%
34%

FLOUR.

F ine.................. $ bbl. S I 75® $1 90 Patent, w inter........... $2 8 5®$3 25
3 45
Superfine.................... 1 90'S 2 10 City mills ex tra s.......
2 00® 2 25 Rye flour, superfine.. 2 70® 3 00
Extra, No. 2 __ . . . . .
Extra, No. 1 ................ 2 20® 2 40 Buckwheat flo u r ..... ___ ®
Clears........................... 2 30® 2 50 Corn m eal—
Western, & o ............ 2 85® 3 10
Straights..................... 2 55® 3 50
3 20
B randyw ine............
Patent, spring............ 3 50® 4 00
[Wheat flour in sacks sells at prices below those for barrels.]

....

GRAIN.

Wheat—
Spring, per b u sh ..
Red winter No. 2 ..
Red w in ter............
W hite.......................
Oats—Mixed,per bu.
W hite ...........................
No. 2 m ixed ...........
No. 2 w h ite ...............

0.
54 ®
59 ®
52 ®
53 ®
33 ®
36%®
33%®
37 ®

Corn, per bush—
e.
68
West’u m ix e d ......
No. 2 m ixed......... .
59%
60
W estern y e llo w ...
60
Western White___
34% Rye—
42
Western, per bush.
34%
State and J ersey ..
Barley — Vo.2 West’n
38
State 2-rowed........
State 6 -r o w e d .....

0.
0.
60 ® 63
60%® 61%
64 ® 66
64 ® 66
49 ®

53

___ ®
___ ®
.... ®

_T
....

__

The movement of breadstuffs to m arket is indicated in the
statement below is prepared by us from the figures of the
New York Produce Exchange. We first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending Aug. 18, 1894/
and since August 1, for each of the last three years:
Receipts at—

Corn.
Oats.
Barley.
Wheat.
Rye.
Flour.
Bbls.Wdlbs Bush.60 lbs Bush. 50 lbs Bush.32 lbs BushAS Ibi JBtt.56 lbs.
2,524,357
127,700
138,593
507,750
1,136,500
269.595
31,676
509.766
174 000
225,053

613,020
22,750

1,870,402
219,000

34,900
214,400
2,686

18,605
10,060

6,910
14,40'i
27,208
7,964
180,905
158,000
4,747

22,000
38,859
27.790
200,145
349.000
32,799

600
700
0,250

19,600

3,500

1,400
1,200

5,64i.993
2.777,887
7,618,718

1,038.501
2,219 551
1,837,229

2,700,055
2,304,256
2,718,960

263 036
90,410
60,980

50,865
74,144
118 951

826,314 17,211,633
789,051 9,943,277
1,111,069 20.757,604

4,290,655
6,911,089
5.166,251

7,928,612
7,395,853
7.141 306

851,698
155,588
172.670

114,075
241,396
810,105

C hicago.........
M ilw aukee...
D u lu th .........
M inneapolis.
T o led o ...........
D e tr o it..........
C le v e la n d ....
S t. L o u is .....
P e o ria ...........
K an sas C ity.

73,170
21,000
102,023

T o t.w k , ’94.
S am e w k,’93.
S am e w k ,’92.
Sine« A uq. 1.
1894............
1893............
1892..........

243,927
240,358
339,899

1,874
6,227
6,507
27,520
6,000




T o ta l g ra in ....... . 90,217,660

93,163.520

177,439,297

126,358,435

(¡gp F o r t h e o t h e r b r e a d s t u f f « t a b l e s s e e p a g e 3 4 2 .

Ex po r ts

op
fo r

B r e a d st u f fs po r J u l y , 1893 a n d 1894,
S ev en Months E nding J u l y 31,1894.

and

July.
Breadstuff
Exports.

Qu’ntities
Bariev, bush.

B a ltim o r e ....
B o sto n ........... .
New O rle a n s ..
New Y ork
P h ila d e lp h ia ..
P ac. o u st, d ls ts ..
O th er ous, d lsts.
T o tal, b a rle y ...
C orn, bush.
B a ltim o re .........
B o sto n ...............
New O r le a n s ...
New Y o rk .. . . . .
P h ila d e lp h ia ...
P ao. c a s t, dists,
O th e r c u s .d is ts ..

Oats, bush.

B a ltim o r e .... . . .
B o sto n ......... .
New O r le a n s .....
New Y ork ...........
P h ila d e lp h ia . . . .
P ac. c a s t, d is ts ..
O th er o a s . d is ts ..

Value.
$

$
300

200

1,153,302

494,261

680,569

341,629

19,166

8,859

686,669

341,629

1,153,602

494,461

36
818,030
403,254
4,148
647,036
321,785
11,993
451,725
222,702
434,423 1,411.988
732,845
144,439
72,093
13,702
8,700
5.639
29,052 2,323,576 1,024,818

0,981,015
3,378,001
5,107,340
9,010,374
2,400,046
250,380
8,115,039

3,036,541
1,469,716
2,451,599
4,257,001
1,056,003
171,496
3,511,290

60
8,250
19.719
903,707
17,504
57,698

25,140

493,354 5,803,142 2,783,816 35,314,261 15,953,646

2,146

1,625

3,807

11,399
21,571
165
124,448
600
335
9,104

72,591

26,600

74,327

167,622

447,284

205,214

70,304

40
1,587
2,634
149,897
109
164,578
19,293

18
781
1,063
60,056
06
58,620
7,738

4,527
3,955
60
61,417
486

2,650
2,830
011
18,884

8.137
0,744
1,534
54,040

193
11,499

86
4,910

936
698,023

314
281,140

25,914
11,203

9.1 tO
4.001

11.563
176,039

5,423
60,8.8

18,107 1,092,375

48,820
87,490
120,U00 ,
195
30,223
20,240

Bye, bush.

Quantities

8,859

T otal, o a t s .........

o ta l, o a tm e a l.

Value.

Qu’ntities

19,130

B a l tim o r e .........
B o s to n ................
New O r le a n s ....
New York.........
P h ila d e lp h ia ....
P a c . c a s t, d is ts .
O m e r c u s .d is ts .

Oatmeal, lbs.

Value.
$

1,008,938
Total, c o r n ...
Corn-meal. bbls.
1,611
B a l tim o r e ..........
1,902
B o sto n ..................
P
New O r le a n s .......
New Y o r k . . . . . . . .
20,447
P h ila d e lp h ia .......
171
P ac. c a s t, d is ts ..
O th er c a s. d is ts ..
930
T otal, co rn -m e a l

Seven Months.

1893.

1894.

2,025
1,809
9
600
405

30,222
44,427
436
349,865
1,434
676
20,204

424,051

338,109

126,342

5,97«
6,138
27
60
3,000
75
690

940,210
1,998,00 )
5,637
1,271,155
1,133,410
4,200
66,145

28.253
37,835
288
28.253
35,322
119
1,537

5,720

202

199,300
3l9,20Q
020
1,940
120,006
2,600
13,800

203,863

5,647

687,300

10,569

5,418,767

131,610

25,3.9
5,998

15.421
3,434

208

113

B a ltim o re ..........
B o sto n ................
New O rle a n s . ..
New York.........
P h ila d e lp h ia ....
Pao. c a s t, d is ts .
O th e r c u s .d is ts .

34,057

18,730

24

14

T o tal, r y e .............

65,434

37,587

232

127

677,672 1,975,552 1,373,519 4,081,382
B a ltim o re ............ 1,172,745
644,954
400,570 2,233,832
472,555
B o sto n ............. .
812,42<
817,786
>,844,994
New O rle a n s .......
60,689 1,103,707
81,685
New Y o rk ............ 2,024,041 1,268,339 5,341,717 4,138,954 14,309,788
695,779 1.780,752
980,830
P h ila d elp h ia.
333.089
526,062
8o5,9J 7 9,218,105
P ac. c a s t, d is ts ..
56,203 1,189,462
98,804
805,198 2,892,616
505,134 1,208,331
O th e r c u s .d is ts ..
839,180

2,500,116
1,341,392
1,270,361
9,476,335
1,128,209
6,265,653
1,788,050

Wheat, bush.

T o ta l, w h e a t

Wheat-flour, bbls

5,547,944 3,372,872 12,444,713 9,133,723 36,301,527 22,776,710
309,578 1,597,291
173,461
826,937
12.050 ,46^12$
012,907 2,425.145
587,224
120,370
55,829
219,7.34
À94.745
852.087

1,895,476 7,188,648
1,099*471 4,668,476
, 63,581 I 230,437
3,781,505 14,132,584
-'685,986 3.003,110
740,037 2,155,285
826,338 3,188,722

T ot„wheat-flour. 1,351,803 4,107,303 1,484,500 0,554.550
•
lotals.

9,092.994 34.587,212

B a ltim o r e .... . . . . 353,261
589,240
Boston-.-.;
665,187
' 161;762
New O r le a n s ,! ..!
13,383
4,179
New Y o r k . . . . . . . .
453,795 1,695,097
P h ila d e lp h ia .......
281,-07
95,805
P ao . e a s t, d is ts ..
96,842 ■285,728
O th e r c u s .d is ts ..
P3fi,8t)8
186,159

B a ltim o r e .... . . .
B o sto n ..................
New O rle a n s . . . .
N ew Y o rk ............
P h ila d e lp h ia .......
P a c . c a s t , d is ts ..
O th e r c u s .d is ts ..

1,274,100
1,147,045
80,210
3,404,792
015,747
372,600
1,177,493

3,404,484
1.028.174
1,118.49!
7,647,616
1,362,730
1,428,407
2,706,293

12.783,801
7,562,027
3,960,184
28,394,357
5,224,144
8,144,110
8,518,155

8,138,593
13,410,260
74,497,378
G ra n d to t a l . .
* V a lu e o f e x p o r ts f ro m P acific d is tr ic ts f o r t h e m o n th o f J u ly , 1894 :
S an F ra n c isc o , C a lifo rn ia ....... ......................—........................................... .
$291,050
P u g e t S o u n d , W a s h in g to n ......................................... .....................................
8l,0u6
W illa m e tte , O reg o n ................................. ..........................................................
19,944
T o t a l . . . ........................................... . . . . . . . ................. .

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

$372,000

fValue of exports from other customs districts fdr the month o.f July, 1894:
G a lv e sto n , T e x a s . . . . . . . . . . . . $18,023
N ew p o rt N ew s, Va ...........
4,330
222.820 C o rp u s C h ris ti, T e x a s . . . .......
C h icag o , 111......... ............ .......
4,242
D u lu th , M in n ..................... . . . .
148,740 S a lu rta , T e x a s ..........
3,788
126,465 w razos, T e x a s ....... ....................
D e tro it, M icU igan............. .......
2,801
P a s o d e l N o rte , T e x a s ....... ! ..
H u ro n , M ich ig an ..............
B uffalo C ree k , N . Y...........
50
O sw eg atch te, N. Y.........
49,* 00
M iam i, O h i o ...................... .......
T o ta l...................... ..................$1,177,493
42,097
S u p erio r, M ic h ................. .......
c o t k.—T h is s ta t e m e n t in o lu d e s a b o u t 98 p e r c e n t o f t h e e n t i r e e x p o rts o f
t i e a r tic le s n a m e d fr o m a ll p o r ts o f t h e c o u n t r y .

342

THE CHRONICLE

fYOL. L 1 X ,

The exports from the several seaboard ports for the week
The value of the New York exDorts since Jan. 1 has been
ending Aug. 18, 1894, are shown in the annexed statement:
$7,611,731 in 1894'against $5,464,095 in 1893.
Wheat.
Flour.
Oats.
Rye.
Peas.
Bieached shirtings have been in improved demand and fair
Exports from—
bush.
bush.
bush.
bbls.
bush.
bush.
N ew Y o rk ................ . 762.158
76,232
93,615
2,575
2,789 sales have been made at steady prices in medium flue and
B o s to n ........................ 140,771
25,096
43,6)6
300
,. 124,961
22,107
‘ 10,825 grades with Masonville and Hill 4-4 bleached marked up yAc.
,. 7919*0
16,276
per yard, rectifying recent reductions. Fruit of the Loom
B a ltim o re ................ .. ii - .e ^ s
33,458
7 8 bleached also advanced
Low grades are firmer under
N ew O rle a n s.......... .. 78 213
'27,080
193
N e w p o rt N ew s......... 1 2 8 .1 5 1
15,190
print cloth influences. Brown sheetings sell fairly in moder­
N o rfo lk ....................................
1,475
ate quantities, with bids in the market for large lots mostly
P o r tla n d .......................................................
refused by sellers as leading makes are firm. Wide sheetings
12«,403
226,935
2.8T5
............
13,614
T o ta l w e e k ............1,732,8 8
S am e tim e 1893...... 3,641,784 1,649,451
392,483
164,654
67,946
36,118 well sold ahead and some advances probable. Kid-finished
The destination of these exports for the week and since cambrics in more active request and hardening in sympathy
Sept. 1,1893, is as below. We add the totals for the corres­ with print cloths ; other linings steadier. In colored cottons
advances of J^c. have been made in Thorndyke and Swift
ponding periods of last year for comparison:
„
.--------- Flour.--------- , »
Wheat.-------- > .-----------Com.----------, River ticks and in Columbian cheviots, and an improved busi­
Exports for
Week Since Sept, Week Since Sept. Week Since Sept. ness in both ticks and cheviots is reported with a continued
week and since Aug. 18. 1,1893.
Aug. 18. 1, 1893. Aug. 18. 1,1893.
good demand for denims, both blues and fancies. There is no
Sept. 1 to—
bbls.
bbls.
bush.
bush.
‘bush.
bush.
U n ite d K ingdom 137.998 8,266,314 1,043,5 0 81,01*451
72,4 79 27,580,788 material change in the demand for checks, plaids or cottonC o n tin e n t............ 81,680 1,5’8 898
689,277 23,136.949
44,996 2 1 ,4 '4 477
White goods
8. & C. A m erica..
19.631 l , f 04,334
6
32,685
317
183,598 ades. Cotton flannels are fairly re-ordered.
W e s t In d ie s ........ 29,121 1,335.280
45
30,225
10,416
894.068 quiet and sellers are shy of naming prices for spring in the
B rit. N . A . Col’s.
7,38i
417.2 6
200
143,596
O th e r c o u n trie s ..
125
40,971
i55*,15 4 ............
125,021 present unsettled condition of things at New Bedford and
Fall River. Fancy prints in active demand and Allen’s dyed
225.935 13,118,0-3 1.732,828 54.873.464
128403 50.322,408
Totaiai892"93.
392,483 13,803,959 3,641,784 93,915,983 1,549,451 39,764,89i foulards advanced 4^c. per yard. Other regular prints in
The visible supply of grain, comprising the stocks in granary fair request. More business is reported in ginghams at steady
at the principal points of accumulation at lake and seaboard prices. Prints cloths have advanced to 2%c. for extras,
against 2%c. last week, with sellers indifferent in face of
ports, Aug. 18, 1894, was as follows:
Wheat,
Com,
Oats,
Rye,
Barley the curtailment of production, all the print cloth milk in
In store at—
bush.
bush.
bush.
bush.
bush. Fall River being idle at the close of the week.
New Y o rk .....................

11,031,000
Do
aflo a t..........
222,000
A lb a n y ..........................
B u ffa lo .......................... 1,534,0'dó
Do
a flo a t.........
C h ic a g o ........................ 22 398,000
Do
a f l o a t....... ■
M ilw a u k e e ................. .. 749,000
Do
a f lo a t.........
D u l u t h ........................... 2,922,000
Do
a f l o a t.......
T o le d o ...........................
D e t r o i t ........................ . 1,472.000
O sw ego..........................,
60,000
Bt. L o u is ...................... 5,493,000
Do
a flo a t..........
C in c in n a ti...................
28,000
B o sto n ............................ 145,000
T o r o n to ........................
69,000
M o n tre a l......................
589.000
P h ila d e lp h ia .............. , 1,663,000
P e o r ia ............................ 126.000
In d ia n a p o lis .............. , 611,000
K a n s a s C ity ................
915.000
B a ltim o re ....................
981.000
M inneapolis............... .. 6,361,000
Bt. P a u l .......................
O n M ississippi River, .
39.000
O n L a k e s ...................... 1.430.000
O n c a n a l a n d r i v e r ... 2.136.000
■ T o ta l A ug. 18, 1894.63.001.000
T o ta l A ug. 11,1894.62.321.000
T o ta l A ug. 19,1893.57,813,000
T o ta l A ug. 20,1892.31,7/9,000
T o ta l A ug. 22,1891.17,857,968

THE

55.000
112,000
26.000
153,000

950,000

9,000

13.000
10.000

20,000

' 19,000

1,178,000

685,000

141,000

1,000

17,000

3,000

12,000
28.000
6,000
6,000
41,000

50^000

31.000
17.000
3*,000
2,000
34.000
13.000
182,000

27.000
12.000

118,000

1,006

91.000
2,000
26.000
101,000
316,000

16,000

17.000
97.000
137,000
17.000

1,000
578.000
689.000

6,000
1,043,000
466,000

3.036.000
3.165.000
5.389.000
7,14 9,000
4,194,573

4,643, °00
2.855.000
2.370.000
5.046.000
2,141,865

.........
12,000
2,000
1,000
3,000
11,000

258.000
230.000
331.000
853,900
1,796,656

DRY GOODS TRADE.

N ew Y ork

to

1894.

1893.

Week, Since Jan. 1.

Week. Since Jan. 1.

Aug . 21.

Great Britain ....
Other European..
C h in a............ ......
In d ia ............ .
Arabia.................. .
A frica...................
W est Indies.........
M exico................. .
Central America.
South A m erica..,
Other Countries..,

244
22
4’ 2
250

4,007
2,127
64,505
5,399
15,126
5,121
11,647
1,297
5,147
30.620
2,457

74
85
204
320
100
5
269
64
99
1,889
46

2,659
999
19,299
4,036
7,392
5,924
12,506
1,451
3,022
32,779
1,741

2,505
147,453
16,788
.........
Total
2.505
164,241
Prom N ew England m ill points direct.

3,155

91,808
19,215

Total ..............................
China, via Vancouver*..




__

3
235
48
184
986
151

3,155

1893.
Aug. 18.
185,000
444,000

1892.
Aug. 19 .
N one.
N one.

Total stock (pieces)....................1.157,000
629,000
None.
D o m e st ic W o o l e n s .— T h ere h a s b e e n a g o o d d e m a n d f o r
h e a v y - w e ig h t w o o le n s a n d w o r ste d s fo r m e n ’s w e a r , a n d b u y ­
1,000 ers a re fin d in g in c r e a s in g d iffic u lty in f illin g a ll th e ir r e ­
10,000 q u ir e m e n ts.
I n sp r in g w e ig h ts a g o o d b u sin ess in lo w g r a d e s
h a s a g a in b e e n d o n e , a n u m b e r o f n e w lin e s b e in g o p e n e d ,
2,000 b u t o p era tio n s o f b u y ers in fin e r g ra d e s o f sta p le s a n d fa n c ie s
46,000 a re r e str ic te d b y th e r e s e r v e o f se lle r s in o p e n in g lin e s fo r
3,000 b u sin ess u n til t h e f a te o f t h e T ariff b ill is b e y o n d a ll d o u b t.
T h e n e w p rices are in lin e w it h th o s e p r e v io u sly n o te d , t h a t
is , fr o m 12>& to 15 p er c e n t b e lo w p r e v io u s se a so n . S a le s o f
o v e r c o a tin g s a re in c r e a s in g in b o th f a ll an d sp r in g sty le s ,
1,000 a lth o u g h t h e la t te r are a s y e t c o n s e r v a tiv e ly sh o w n . C lo a k ­
in g s c o n tin u e in f a ir ly g o o d re q u e st.
S a tin e ts, c o tto n -w a r p
c a s sim e r e s a n d d o e sk in j e a n s a ll s h o w m o r e b u sin ess in p r o g ­
ress, a s d o w o o le n a n d w o r s te d dres3 g o o d s in b o th s ta p le s
93,000
87.000 a n d fa n c ie s. F la n n e ls a n d b la n k e ts m o r e f r e e ly re-o rd ered a t
414,000 firm p rices, a n d ca r p e ts s te a d y w ith m o d e r a te sa le s.
356,000
F o r e ig n D r y G o o d s .— B u s in e ss h a s b een o n a b r o a d e r
57,226
s c a le th r o u g h o u t th e m a r k e t b u t c h ie fly in w o o le n g o o d s fo r
sp r in g , so m e la r g e ord ers b ein g p la c e d fo r C la y d ia g o n a ls a n d
se r g e s a t p rices s h o w in g in so m e in s ta n c e s a d e c lin e o f a s
1894.
m u c h a s 20 to 25 p er c e n t fr o m p r e v io u s se a so n .

P. M., August 24,
The market has been well attended by buyers in both the
cotton and woolen departments, and a good spot business has
been done in comparison with recent experiences. Salesmen
on the road continue to make good progress, and the mails
have daily brought a liberal contribution of orders. The im­
provement nob d last week has been more than sustained so far
as volume of business goes and the tone has improved in cotton
goods also. Stocks of staples are evidently decreasing in a
number of quarters, and although there are still surpluses to
be worked off here and there on which sellers are inclined to
trade, it is a significant indication of changing conditions that
all the open alterations of prices during the past ten days have
been in the nature of advances, some the legitimate outcome
of the stronger position of sellers and some under the influence
of the exceptional conditions prevailing at Fall River and New
Bedford. That the new tariff will go into effect is regarded as
certain in nearly all quarters, but still the President’s delay m
declaring his intentions has restricted the opening of newlines
of woolen goods of finer qualities for spring ; in other direc­
tions the influence is hardly noticeable. The outward move­
ment of merchandise is more liberal than for a long time past,
as in addition to new business buyers are calling for deliveries
of merchandise held on this account at the mills for some time
past.
D om estic C o t t o n G o o d s . —The exports of cotton goods
from this port for t e week ending Aug. 21 were 2,505
packages, valued at $180,808, their destination being to the
points specified in th >table el >w
N e w Y o r k , I ’r i d a y ,

1894.
Stock o f P rin t Oloths—
Aug. 17.
Held by Providence m anufacturers. 322,000
Fall B iver m anufacturers.............. . 835,000

111,023

Im portations an iW a reh u u se W ith d ra w a ls o f D ry Goods»

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A u g u st 25, 1894.]

THE CHRONICLE.

8 t * t e a n d C ity D e p a r t m e n t
terms of subscription.

Commercial and Financial CHRONICLE con
tains 4 0 to 6 4 pages, published every week,
«fate and City Supplement of CHRONICLE con
tains 180 pages, published periodically,
Investors’ Supplement of CHRONICLE (a Cyclo
psedia of Railroad Securities) contains 1 6 0 pages, published
every other month,
Subscription to CHRONICLE for one year § 1 0 .0 0 ,
which includes everv issue of both Supplements.
Terms of Advertising—(P er inch space.)
° ne
......... -----............ *3 50 I Taree Mouths (13 tim es)..$25 00
On® Month
(4 tim es).. 11 00 8 ix Months
(26 tim es).. 43 00
Two Months
(8 tim es).. 18 00 | Twelve Mouths (52 tim es).. 58 00
(The above term s for one month and upward are for standing oards.

1Ctoe purpose ot tills state and City lieparttnent
is to furnish our subscribers with a weekly addition to and
continuation of the State and City Supplement. In other
words, with the new facts we shall give, the amplifications
and 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 City Supplement to as near the current date as
possible. Hence if every Subscriber will note in his Supple
ment on the page designated at the head of each item l
reference to the page where the item in the Chronicle can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts,

343

will issue a loan of $35,000 for the completion of the new
city hall building.
Buffalo, N. Y.—(Chronicle, vol. 58, pages 1002 and 1081,
and vol. u9, page 244)—City Comptroller Joseph E. Gavin
reports that there were no bids received for the $201,568 40 of
Buffalo tax loan bonds for which proposal * were to have been
opened on the 13th inst. In accordance with .Sec. 492 of
Chapter 289 Laws of the State of New York, passed April
] 3’
these bond3 can now be disposed of at private sale
for 60 days from August 15 at not less than par and accrued
interest.
The bonds will be dated August 15, 1894, will bear interest
at the rate of 3% per cent, payable semi annually on Feb­
ruary 15 and August 15, and will mature August 15, 1899
Principal and interest will be pavable at the office of the City
Comptroller or at the Gallatin National Bank, New York as
the purchaser may desire.
The city’s bonded debt on August 1, 1894. less bonds held
by the city in sinking funds, was $11,525,040 44. The assessed
valuation for the year 1894 is $215,377,355.
Ohio.—(Chronicle, vol. 58, pages 611649 and 787, and vol. 59, pages 201, 241 and 299.)-Below is a
list of the bids received on August 20 for $100,000 of 4 ^ per
cent countv bridge bonds, $10,000 of the amount to mature
Jan. 1, 1910; $10,000, Jan. 1, 1911; $10,000 .fan. 1, 19 1 3 5,000 Jan. 1, 1915; $10,000 Jan. 1, 1917; $15,000 Jan. 1, 1919;
0,000 Jan. 1, 1931, and $20,000 Jan. 1, 1924.

s iT n “Z
Blair &Co........ ...................
Dietz, Dennison & Prior............
............................... qqii U
Lampreeht Bros. Co...............
................................. q no4
Rudolph Kleybolte <feCo............ /'.*...................... ............. 2 2 ? 7
Parson, Leach & Co ................
................................ w fia JU
R. L. Day & Oo.............................. 111"!"'"".................. . 2 187
Brewster. Cobb & Estabrooi.........5 .......... *.................. o'mn
Spitzer <feCo................................. ..................................... 2027
Seasongood & Mayer........... .
......... ......................
9
z. r. Lewis & c o ...............................................................
E H. Rollins & Sons................. .
..
......................i ’aq«
..................... .............. ,'¡¡7 ^
Western German Bank ........
N. W. Harris & Co................ .' .
....... .......................... ,
Hood Proposals and Negotiations.—We have re Illinois Trust Co..........................
..............................
L.
B.
ThurmaD
&
Co..................
I'.
'..'.....
" I ............. ......... . ’«2 ^
aeived through the week the following notices of bonds Mason Lewis <&Co........................ ..................
... ........... .
go.. 00
nsn
recently negotiated and bonds offered and to be offered for S. A. JCeau............ ....................
W. J. Hayes & C o........ ........... g......3,005
Bale.
bonds are issued for the construction of a bridge across
Allegheny Counuty, Md.—It is reported that this county theThe
Miami River at High and Main streets.
has sold $100,000 of court-house bonds.
Canton, Ohio.—(Chronicle, vol. 58, pages 953 and 1118, and
Athol, Mass.—(Chronicle, vol. 58, pages 786 and 914.)—
Bids will be received until August 25 by W. D. Smith, Chair­ vol. 59, pages 38 and 163.)—Bids will be received until Sept. 12
man, for 4 per cent sewer bonds of the town of Athol, Mass., for the purchase of bonds to the amount of $13,030.
to the amount of $50,000. The securities will be dated July
Carthage, Ohio.—(Chronicle, vol. 58, page 914.)—Tillage
2, 1894, and run for 30 years, interest being payable semi-an­ Clerk L. Hall will receive proposals until September 10 for
nually, January 1 and July 1, in Boston.
the purchase of $5,000 of sidewalk bonds.
The citizens of Carthage will vote on August 27 on issuing
Baltim ore, M<t.—(Chronicle, vol. 58, pages 691 and 786,
of water-works bonds, the loan to bear interest at the
and vol. 59, page 299.)—Proposals will be received until $15,000
rate of 6 per cent.
August 29 at the office of Ferdinand C. Latrobe, Mayor, for
Central Falls Fire D istrict, R. I.—(Chronicle, vol. 59.
the purchase of $500,000 of the stock of the city of Baltimore pages 83 and 163,)—Proposals will be received until Sept. 10
bearing interest at the rate of %% per cent and payable Jan ­ by Elmer E. Lent, Secretary of the Central Falls Fire District,
uary 1, 1940. Interest will be payable semi-annually on Jan- for district bonds to the amount of $100,000. The securities are
$1,000 each and bear 1% per cent interest. They are dated
uary 1 and July 1 and the securities are to draw interest from for
May 15, 1894, and are payable at the rate of $4,000 yearly
July 1, 1894. This stock is issued under authority of an ordi­ from May 15,1895, to May 15,1919. Both interest and principal
nance approved October 7, 1892, providing for the issuance of will be payable in gold at the office of the Industrial Trust
stock to the amount of $6,000,000 for “public improvements,” Company of Providence, R. I., and the securities will be ready
for delivery on Sept. 12. Interest will be payable May 15 and
of which amount $1,807,900 has already been issued.
November 15.
The advertisement o f the Baltimore Commissioners o f F i­
The district will have no floating debt after this bond issue
is sold. Its present bonded debt is $25,000, all of which is
nance will he found elsewhere in this Department.
Belknap County, N. H.—Bonds of this county to the provided for by a sinking fund. Bonds to the amount of
amount of $20,000 have recently been sold. The loan bears $12,500 fall due on the first of next April and will then be
paid off. The assessed valuation in 1893 was $6,312,690; tax
interest at the rate of 4 per cent and runs twenty years.
rate per $1,030 is $1; population, estimated, 15,000. The Cen­
Belleville, N. J .—Four and one-half per cent bonds of tral Falls Fire District comprises the southerly portion of the
Belleville to the amount of $10,000 have recently been dis­ town of Lincoln, adjoining Pawtucket on the south, and
posed of. The loan runs from 5 to 20 years.
covers an area of about three-fourths of a mile square. Water
Bethel, Conn.—(Chronicle, vol. 58, page 953.)—Bids will is supplied by the city of Pawtucket, the district owning the
be received until September 20 by Arthur S. Judd, First street mains.
Selectman, for the purchase of $30,000 of 4 per cent 25-year
Cleveland, Ohio.—(Chronicle, vol. 58, pages 565, 611, 831,
bonds, issued for the construction of public school houses. and vol. 59, page 125.)—Sealed bids wiil be received at the
The bonds will be dated and delivered October 1, 1894, inter­ office of the City Auditor, Cleveland, O., until September 18,
est will be payable semi-annually on April 1 and October 1, 1894, for the purchase of $150,000 four per cent Cicy of Cleve­
and both principal and interest will be payable at the Im ­ land Superior Street Viaduct coupon bonds maturing October
porters’ & Traders’ National Bank, New York City,
1, 1904. These bonds draw interest from October 1, 1894, and
The present indebtedness of the town of Bethel is $26,000, both principal and interest will be payable at the American
of which $20,000 is bonded and $6,000 floating debt. Its as­ Exchange National Bank, in New York City, interest payable
sessed valuation in 1893, which was 50 per cent of actual semi-annually. No bid will be entertained unless made on a
value, was $1,244,726.
blank form, which can be obtained on application to the City
Billerica, Mass.—(Chronicle, vol. 58, page 1045, and vol. Auditor. The bonds are all of the denomination of $1,000.
page 201.)—J. Nelson Parker, chairman of the Bond Com­
Cleveland’s total indebtedness at present is $10,635,389 56,
mittee of the town of Billerica, Mass., will receive bids at No. including a water debt of $1,819,288. The par value of the
680 Washington Street, Boston, until September 1 for $30,000 city’s sinking fund is $2,402,908 23, and tbe net debt, after de­
of 4 per cent town bonds, dated April 1, 1894, and to mature ducting sinking funds and water debt, is $8,413,193 83. On M
April 1, 1919. Interest will be payable on April 1 and Oc­ October 1, 1894, this net debt will be reduced $142,330 by the
tober 1 at the office of the Mercantile Loan & Trust ComDany, in payment of bonds from cash now in the treasury. T h e ^
Boston. These bonds are issued in denominations of $1,000 assessed valuation of taxable property is $128,745,7L0, and the
each, under the provisions of I an act to authorize the Town real value of property is placed at $500,000,030. Cleveland’s
of Billerica to incur indebtedness beyond the limit fixed by present estimated population is 330,000.
law, for a Town Hall Building,” and by authority of a vote of
Columbiana, Ohio.—An election will be held in this village
the town, July 16, 1894,
1vote on issuing $30,000 of bonds for an electric-light plant.
B r . c k to n , Mass—(Chronicle , vol. 58, pages 611 and 649,
Cumberland,’ Wis.—Water-works bonds to the amount of
and vol. 59, pages 244 and 299.)—It is reported that Brockton
»,000 have been voted.




344

THE CHRONICLE.

[V O L.

L1X,

Malden, Mass.—(Chronicle, vol. 58, pages 611, 692,744 and
Dawson County, Mont.-(CHRONICLE, vol. 58. page 1083,
and vol. 59, pages 201 and 245.) - I t is reported that this
and vol. 59, page 8 3 .)-County Treasurer Alexander 8. G-illes- 787,
city will issue a loan of $21,000 for the erection of a police
nie writes the Chronicle that $36,000 of refunding bonds station,
the loan to bear interest at a rate not exceeding 5 per
offered for sale August 14 have not been disposed of, no bids
having been received for the bonds at 5 per cent, as adver­ cent.
Marlborough, Mass.—(Chronicle, vol. 58, pages 744 and
tised. Offers were made for 5% aQd 6 per cent bonds but the
commissioners declined to consider them. The loan runs 30 1003.)—City Treasurer Charles E. Holyoke will receive bids
years, with an option of call after 10 years, both pnnc'pal until September 4 for Marlborough city bonds described as*
and interest being payable at the Chase National Bank, New follows :
LOANS—
When Due. I
LOANSWhen Due
York City.
. . , I .
S b w h k B o n d s .—
1 W a t e r B o n d s .—
100.
Dayton, Io w a —An election to vote on issuing bonds for 4s,M
& S, 4sl5,OoO...Sept. 1 ,1 9 1 4 | 4s, M. & 3, 2 2 ,9 0 0 ... Sept. 1 ,1 9 2 4
water-works resulted in favor of the proposition.
Minneapolis, M i n n — (Chronicle, vol. 58, page954)—The
Dexter, Iowa.—The people of Dexter will probably vote on Finance Committee of the Minneapolis Board of Education
issuing $6,000 to $3,000 of water-works bonds.
has recommended that the city issue school bonds for $359,Elm Creefe, Neb.-(CHRONiCLB, vol. 59, page 164 ) - E . L. 000. Of this amount $100,000 is wanted to repay money bor­
Sutton, Township Treasurer, writes us that an election held rowed for the erection of buildings this year and the re­
August 14 to vote on issuing $10,000 of water-works bonds re- mainder for four new buildings projected for the coming
sulted in favor of the proposition by a vote of 131 to 48. lhe year.
bonds will be dated October 1, 1894, will bear interest at the
Moline, 111.—(Chronicle, vol. 58, page 1003, and vol. 59,
rate of 6 per cent, payable semi-annually on April 1 and pages 86 and 300.)—Four and one-half per cent street improve­
October 1, and will mature October 1,1904. Both principal ment bonds to the amount of $15,000 have recently been sold
and interest will be payable at the office of the County at par. The loan is dated September 1, 1894, and matures m
20 years, with an option of call after 15 years.
Treasurer.
Erie, Pa.—Electric-light bonds of this city to the amount
Monnt Yernon, N. Y.—(Chronicle, vol. 58, page 1046, and
of $25,000 have been authorized by the Council.
vol. 59, pages 164 and 246.)—It is reported that tix-reliet bonds
Findlay, Ohio.—Bids will be received until September 10 of this city to the amount of $65,000 were awarded on Aug.
7 to the Bank of Mount Vernon at 101-12. Interest on the
for the purchase of $1,500 of 6 per cent bonds.
F irth , Neb.—Bonds of this municipality have been voted loan will be payable semi-annually at the rate of 5 per cent,
and the bonds will become due Aug. 7, 1897. Both principal
for water-works.
Flushing, N. Y.—Sealed proposals will be received until and interest will be payable at the office of the City Treasurer.
September 18 by Clinton B. Smith, Village Clerk, for the pur­
New Brunswick, N. J .—(Chronicle, vol. 58, page 877,
chase of $25,000 of 4 per cent refunding bonds. They will be and vol- 59 page 246)—City Treasurer James Neilson notifies
of the denomination of $1,000 each, in coupon or registered
form, and will mature at the rate of one bond yearly from the Chronicle that $100,000 of long time city bonds will be
1895 to 1919. Interest will be payable semi-annually on April offered for sale about the first of September. The securities
1 and October 1 at the Flushing Bank.
will be issued to replace old loans which are soon to fall due _
Fulda, Minn.—Bids will be received until to-day for the The new bonds will be exempt from taxation in accordance
purchase of water-works bonds not to exceed $10,000. In­ with the New Jersey Statute. In connection with the an­
terest will be payable annually and the loan will mature at
nouncement of the new loan the City Treasurer makes thethe rate of $1,000 yearly after 1904.
Genesee, I d a h o .- (Chronicle , vol. 59, page 201.)—Six per following remarks regarding this municipality :
The city government is conservatively and economically
cent water*works bonds of this village were recently rffered for
sale but no satisfactory bids having been received the loan administered. Its indebtedness has been much reduced during
was not disposed of. Interest on the bonds is payable semi­ the past eight years. It owns valuable water works worth
a large proportion of its debt. The population is estimated at
annually and the loan matures July 1, 1914.
about 20,000. The city has a rapidly increasing sinking fund.
Geneva. N. Y.—Six thousand five hundred dollars of 4 per
“It contains some of the largest and most successful manu­
cent school bonds of Geneva, dated May 1, 1894, will be sold factories of rubber shoes, metal, knitted goods and wall paper
bv the Board of Education on September 1. Iuterest will be ia the country, with a singularly orderly population of op­
navable semi-annually, $500 of the amount becoming due May eratives of remarkable skill in their several departments.
1,1898, and the remainder at the rate of 1,000 yearly from May Most of the families own their own homes.”
1,’ 1899, to May 1, 1904.
The precise nature of the loan and the terms for proposals;
Glendale, ¿ .—(Chronicle , vol. 59, page 126)—Village will be published later.
Clerk B. D. Bartlett reports to the Chronicle that on August
16th the 5 per cent 30-year water boods to the amount of $6,000 „ A n advertisement elsewhere in this Department gives fu ll
were awarded to Seasongood & Mayer of Cincinnati on their particulars so far as they have as yet been determined. ; ^
bid of $6,305 and accrued interest. There were six offers
Paris, Tenn.—(C h r o n ic l e , vol. 58, pages 1005 and 1047.)—
made for the loan as follows:
H. Mayne, City Recorder, notifies the C h r o n ic l e that bids
N. G. Thurman & Co„ Chicago, III.........................oo l e d interest
will be received S^ptemoer 10 for the purchase of $35,000 of
K leybolte & Co., Cincinnati. O ....
« ’o f i on
interest
water-works and $10,000 of eleciric-light bonds. Both loans
W estern German Ban*. Cincinnati, O .. . . ......... 6,219 00 and interest
will bear interest at the rate of 5 per cent, payable semi­
Kuhn 8ous. Cincinnati, O ........ ............................
iq i a and Interest
Market National B a n k , Cincinnati, O ................... 6,119 13 and “Merest. annually, and will become due in 20 years, with privilege of
Seasongood & Mayer, Cincinnati, O h io ............. 6 .sOo 00 and interest,
redemption after five years. Principal and interest will be
Grand Forks, N. D.—(Chronicle , vol. 59, pages 38 and payable in New York City.
t
245.)—It is reported that $40,000 of 6 per cent twenty-year
The city’s total debt at present consists of $15,000_ot rail­
water bonds of the city of Grand Forks, offered for sale road aid bonds. The assessed valuation in 1893 was $558,000 j
August 15, have been disposed of. The loan will be dated tax rate (per $1,000). $4 50. The population according to local
September 1,1894, and interest will be payable semi-annually, figures is about 2,500.
in March and September, both principal and interest to be
Parsons, W. Ya.—An election will be held September 1 to
payable at the Chase National Bank, New York,
vote on issuing $3,000 of sewer and streetimprovjemen^boad^
Ham ilton County, Ohio.—(Chronicle , vol. 58, page 1119
Perkins C o u n ty rNeb.—(C h r o n ic l e ,'vol. ' 59, page~16L)—
and vol. 59, page 164.)—Proposals will be received until Aug The citizens of this county have voted in favor of issuing
27 by the Commissioners of Hamilton County for the pur $90,000 of water-works bonds.
chase of $58,000 of bridge bonds. The loan will bear interest
Pleasant Ridge, Ohio.-Village Clerk Robert T. Hutton
at the rate of 4 per cent and run seven years.
will receive bids until September 8, at the Second National
H ornellsville, N. Y.—Bids will be received until to-day for Bank of Cincinnati, for 6 per cent village road bonds to the
the purchase of $15,500 of paving bonds maturing at the rate amount of $1,887 81. The securities will be dated August 9,
of $3,000 yearly from August 25, 1895 to 1897, and $3,500 on 1894, and will be payable in ten equal annual instalments,
August 25, 1898.
beginning August 9, 1895.
Lansing. Mich.—(Chronicle, vol. 58, pages 832 and 1046
Reading, Mass.—This city will issue $50,000 of electric-light
and vol. 59, page 300.)—Bids will again be received until
bonds.
August 27 for the purchase of $75,000 of City Hall bonds and
Richmond, Va.—Four per cent registered bonds of this city
$25,000 of bridge bonds. The bonds will bear interest at the
rate of 5 per cent and run 20 years, with an option of call after to the amount of $225,000 will soon oe offered for sale. They
will be issued to redeem $215,000 of 6 per cent baby bonds
12 years.
Lexington, Neb.—Bonds to the amount of $10,000 have falling due September 1, 1894.
Riverside, Ohio—(Chronicle, vol. 58, page 651 and vol.
been voted.
59 page 127 .) —Village Clerk George H. Gaffey reports to the
Lorain, Ohio.—(Chronicle , vol. 59, page 126.)— A t an elec­ Chronicle that on August 15th $10,090 of 5 per cent street
tio n held A u gust 9 to vote on issu in g $100,000 of bonds the improvement and sewer bonds were awarded to the Western
p e o p le v o te d in fa v o r of th e p ro p o sitio n .
German Bank of Cincinnati on their bid of $10,354 and
L onistille, K v.—(Chronicle , vol. 59. page 2 4 5 ) —John H. accrued interest. The following is a full list of the bids
^iTIaBCOck, City Treasurer, writes the Chronicle concerning a which were received for the loan.
proposed loan of $ 1,000,000 for park improvements that it is
Bidd> rs.
Am ount offered.
uncertain as to whether the bonds will be authorized, and if Seasonsroo i & Mayer of Cincinnati, Ohio........ $10,35 L5o a n d i Merest.
M
a
r
k
e
t
N
a
t
i
o
n
a
l
B
a
n
k
,
“
**
............
r
o
’o‘
a? O n f
authorized it will be some time before they are issued.
ftaiman \TatlnTiM1lirlllk
**
...... 1(**28
LOOBDO. interest.
v*
u . . . . . . 10,345 00 and i ate rest.
Macomb, III.—Water-works bonds to the amount of $3,000 Rndnli h KlavboUe & Co.
Western German Bank,
‘V
“ .......... 10,354 00 and interest.
have recently been sold for a premium of $50.




THE CHRONICLE.

A ugust 25, 1894.]

San Antonio, Texas.—(Chronicle , vol. 58, page 1002, and
vol. 59, page 300).—E. R. Norton, City Clerk, writes the
Chronicle that 1500,000 of gold bonds recently voted will
bear interest at the rate of 5 per cent and run forty years.
Sandusky, Ohio.—(Chronicle , vol. 58, pages 652, 878,1084
and 1122, and vol. 59, pages 127 and 246 ) —On Wednesday,
August 15th, City Clerk A. W. Miller opened the following
bids received for the sale of 883,000 of 5 per cent bonds, to be
used for the building of sewers in Columbus Avenue and
Meigs Street and for the paving of Columbus Avenue from
Water Street to where the Lake Shore & Michigan Southern
Railway crosses the avenue in the southern part of the city.

345

Syracuse, Neb.—(Chronicle , vol. 59, page 203).—William
Stanton, City Clerk, notifies the Chronicle that bids will be
received until September 6 for the purchase of $10,500 of 6
per cent water-works bonds. The loan will become due in
twenty years, with an option of call after five years. These
bonds were authorized at an election held August 13, by a
vote of 133 to 10.
Taunton, Mass.—(Chronicle , vol. 58, pages 878 and 916, and
vol. 59. page 300.)-Cicy Treasurer Edward H. Temple reports
to the Chronicle that on August 16 the $10,000 of 4 per cent
Taunton water bonds were awarded to Messrs. R. L. Day &
Co., of Boston, at 107 035. We give below a complete list of
the bids which were received for the loan :

Bidders.
Am ount offered.
Price offered.
Blodsrer, Merritt & Co., Boston.............................................................$86,034 4« Bidders.
R. L.00
D iy & C o...................................................................................... 1Ó7-035
85,244
Lamprecht Bros. Co., Cleveland.....................................
E. H. 00
Rollins & Sons . . .......................... ...................................... . 106-375
MasoD, Lewis & Co., Chicago......................................
83,478
85,698 00 Third National Bank................... ...................................................... 105-75
Z. T. Lewis, D ayton.........................................................................
Biodg^t,
B. L. Day & Co , B oston................................................
85,304
91 Merritt WCo.......................................................................... 106-636
Cushman,
Fisher & C o ...... ............................................................ 106-310
Blair & Co., New York..........................................................
84.261
60
W. J H ayes & Sons, Cleveland...................................................... 85,«37 75 Brewster, Cobb & Estam-ook.......................................................... 106-05
Blake
Bros.
<&Co.............. ........................ ...................................... . 104-77
.T. B. Furman & « o . Chicago.......................................
84,110 00
J ietz,
Spitzer & Co., Toledo............................................................
84,457
00 Dennison & Prior.......................................... ......................... 106-375
Jam
es
W.
Longstreet
& C o .............................................................. 104 05
Dietz, Dennison & Prior, Cleveland......... .......................... . . . 8 5 ,3 1 1 1 1
8. A. Kean, Chicago................................................................... . . . 84,452 50 Pope, Merrill & Co ........................................................................... . 105-31
Lamprecht Bros. C o .......................................................................... 106-03

The highest bid received was that of Blodget, Merritt &Co ,
of Boston, and it is probable that their offer has been accepted
by the City Council.
The securities will bear 5 per cent interest, payable semi­
annually, and will be dated September 1, 1894. They are to
mature at the rate of $11,000 yearly from September 1, 1896,
to 1899, and then at the rate of $6,500 yearly from September
1, 1900 to 1905. Both principal and interest will be payable
at the City Treasurer’s office.
The bonded debt of the city is at present $482,200 ; floating
debt, $21,350 ; total debt, $503,550. The population, accord­
ing to local figures, is 20,000.
Shullsburg, W is.—(Ch r o n ic le , vol. 59, page 244 )—City
Clerk Add. A. Townsend writes the Ch r onicle that at an
election held August 20 to vote on issuing bonds for water­
works the proposition carried by a vote of 258 to 6, It will be
some time, however, before the bonds are issued. They can­
not exceed in amount $8,500.

The bonds are to be either coupon or registered, dated July
28, 1894, and payable July 1, 1922. Interest will be payable
semi-annually on January 1 and July 1, and both principal
and interest will be payable at the Atlas National Bank,
Boston, Mass.
Terrace Park, Ohio.—(Chronicle , vol. 59, page 165 )—On
August 16 $3,091 83 of village sidewalk bonds were awarded
to the Western German Bank of Cincinnati for $3,166 83. The
loan is dated August 1, 1894, will bear 6 per cent interest,
payable semi-annuallv, and will mature at the rate of $300
yearly froth Aug. 1, 1895 to 1903, and $391 83 on Aug. 1, 1904.
W ater Talley, Miss.—It is reported that this city has issued
bonds to the amount of $20,000 for water-works and sewers.
Waupun, Wis.—The people of Waupun will vote on Sept.
18 on the proposition of issuing bonds for water-works.
Waynesboro, Ga.—Building bonds of Waynesboro to the
amount of $6,000 have recently been voted.

N E W LOANS.

N E W LOANS.

$ 4 ,500,000

German-American
Investment Co.,

Constitutional Bonds of the
City of New Orleans.

5 2 W A L L S T ., N E W Y O R K .
(G ro u n d F lo o r, o p p o site C u sto m H o u se .)

N E W LOANS.

MUNICIPAL

BONDS

N e w Or l e a n s , J u ly 21, 1894.
T h e B o ard o f L iq u id a tio n o f t h e City D e b t o f N ew
O rleans, L a., in v ite n ro o o sals f o r th e p u rc h a s e o f
F o u r M illion F iv e H u n d r e d T h o u s a n d ($4,500,000)
D o llars, o r any p a r t th e re o f, of t h e C o n s titu tio n a l
B onds ot th e City o f N ew O rleans, to b e issu ed City of Denver, Col...........................4s
u n d e r th e C o n s titu tio n a l A m e n d m e n t a n d Act o f City of Duluth, M in n .....................6s
th e L e g is la tu re o f th e S ta te o f L o u isia n a N o. 110 of
1890, ap p ro v e d J u l j 8, 1890.
City of Long Island, N. Y .. . . ......... 4^«> P A R T I C U L A R S U P O N A P P L I C A T I O N ,
T h e b o n d s a re p ay a b le fifty y e a rs a f t e r d a te , h e a r­
ing F o u r P e r c e n t in te r e s t p e r a n n u m , p ay a b le sem i- City of Aurora, 111.......... ................. 6s
a n n u a llv , r e p re s e n te d by co u p o n s m a tu rin g 1 st o f
J a n u a ry a n d 1 s t o f J u ly , in N ew Y o rk a n d N ew City of Anderson, In d ...................... 6s
O rl-ans.
T h e b o n d s offered w ill h e sold to th e h ig h e s t b id ­ City of Niles, Ohio............................ 6s
der, b u t t h e B o a rd re s e rv e s t h e r ig h t to r e je c t an y
MEMBERS OF T H E N E W Y ORK A N D BOSTON
a n d all bids.
City of Dnnkirk, N. Y..................... 4s
STOCK ^ C H A N G E S .:
A n y pro p o sals to p u rc h a s e b o n d s u n d e r th i s a d ­
5s
v e r tis e m e n t m u s t b e co m p leted o n t b e 1st o f D«- Asbnry P ark , N. J . .. ............
cem b er, 1894, by th e p a y m e n t In ca sh o f t h e prices
D E A L E R S IN COMMERCIAL P A P E R .
hid a n d th e d e liv e ry o f t h e b onds. S ealed iro p o s a ls Richfield Springs, N. Y....................4s
will be re c e iv e d till S e p te m b e r 1,1894, a t th e office
Of th e B o a rd o f U q u id a 'io u o f t h e C ity D eb t, R oom Lansingbnrg, N. Y ... .....................,4s
No. 6, City H al), N ew O rleans, l,a ., o r a t th e o an k in g
...6 s
h o u se o f W inslow , L a n ie r & Co., N o. 17 N a s sa u St., Neapolis, Va......................
New Y ork.
F u ll p a rtic u la rs o f t h e lo a n w ill be f u r n is h e d by Iron County, W is...............................6s
th e S e c re ta ry o f th e B o ard on ap p licatio n .
R. M. W A L M S L E Y , P re s id e n t.
A n d o t h e r C h o ic e M u n ic ip a l B o n d s f o r I n T . W O L F E , J r ., S e c re ta ry .
v e s tm e n t b y S a v in g s B a n k s a n d T r u s te e s .
2 8 S T A T E S T R E E T ,H B O S T O N .
D e s c r ip t iv e C ir c u la r s u p o n A p p lic a tio n .

Mu nicipal Bonds.

FOR INVESTM ENT.

Blake Brothers & Co.,

$ 500,000

5

N ASSAU

S T .,

NEW

YORK.

$ 100,000
BALTIMORE 3 l-2<>/o LOAN,
DUE 194-0.
New Brunswick, N. J., Bonds.
P ro p o sa ls w ill h e re c e iv e d u n til n o o n W e d n e sd a y ,
A u g u st 29,1894, a t th e M ay o r’s office, f o r th e p u r­
ch a se in w h ile o r p a rt of $50
o f th e sto c k o f th e
City o f B altim o re, b ea rin g in te r e s t a t >h e r a t e o f
p e r ce n tu m , p ay a b le s e m i-a n n u a lly o n t h e firs t day
o f J a n u a r y a u d J u ly in ench a n d ev e ry y e a r. I n t e r ­
e s t com m ences J u ly 1. >894.
T h e sto ck is is s u e d by v ir tu e o f O rd in a n c e N o. 100,
ap p ro v ed O cto b e r 7, 18*2, a u ih o riz iu g t h e is s u e o f
$6,00o,00o lo r “ r-ublic Im p ro v e m e n s ,” a n d is pay­
ab le o n th e firs t d ay ot J a n u a ry , 1940; $1,807,900 h a s
b e e n issu ed a n d sold to d a te .
T h e city d o es n o t t a x its sto c k , b u t p ay s t h e s ta t e
ta x on th is issu e.
P ro p .sals m u s t b e se a le d a n d a d d re s s e d to th e
M ayor a s c h a ir m a n o f th e F in au c e D e p a r tm e n t a n d
m a rk e d - P ro p o sa ls f o r 1940
p e r c e n t lo a n .”

The right is reserved to reject any and all bids.

1-E ltD IN A N D
L A T R O B E , M ayor,
JA M E S SLO AN , JR .,
JO H N B. RA M SA Y ,
C om m issio n ers o f F in a n c e .

James N . Brown & Co.,
BA NK ERS,
6 2 C edar S tr e e t,
-

NEW Y O R K .

M U N IC IP A L , COUNTY, SCHO O L A N D
T O W N S H IP BO ND S

BOUGHT

AND




SOLD.

T h e C ity o f N ew B ru n sw ick , N ew J e r s e y , w ill offer
fo r sa le a b o u t t h e f irs t o f S e p te m b e r $100,000 o f
lo n g -tim e b o n d s, f r e e o f ta x a tio n ,b y th e N ew J e rs e y
S ta tu te , to re p la c e b o n d s f a llin g due.
A c c u ra te fig u re s a n d p re c is e te r m s f o r p ro p o s a ls
w ill b e p u b lish e d la te r .
JA M E S N EILSO N , T re a su re r,
C ity o f N ew B ru n sw ick , N . J .

C IT Y

OF

TACOMA

v ) Per Cent

WATER BONDS.
P a y a b le in G O L D C O IN .
M a tu r ftig J u n e , 1 9 1 3

Rudolph Kleybolte & Co.,
Investment Bankers,
3 0 W e s t T h ir d S t r e e t ,

' C i n c i n n a t i , O h io .

PR IC E and PA R T IC U L A R S upon APPLICATION.

Farson, Leach & Co.,
2 W A LL STREET,

-

-

NEW Y O R K .

$250,000

Choice Investment Bonds of Cities, 6%Modesto Irrigation Dist. Gold Bonds
I n t e r e s t P a y a b le S e m i-A n n u a lly .
Counties and School Districts.
LIST S M A IL E D U PO N A PPLIC ATIO N .

P aid by th e power o f ta x a tio n . F irst lien o n t h e .
land, i or bank and oth er referen ces apply to
W . E. H O L B R O O K ,
6 0 W a ll S t ., N e w Y o r ls .

THE CHKONICLE

346

W illiamson County, 111.—(C h r onicle , y o I. 59, page 247.)
—There is a current report to the effect that this county will
soon issue 4 per cent refunding bonds to the amount of $100,000, but A. M. Townsend, Treasurer, writes us that before the
bonds can be issued the proposition will have to be submitted
to a vote of the people at the general election. The bonds are
to be payable at the rate of $5,000 yearly in from one to
twenty years, and are to be issued to replace a like amount of
8 per cent railroad bonds now three years overdue.
W inton Place, Ohio.—(Ch r onicle , vol. 58, page 1123, and
vol. 59, pages 85 and 128.)—Village Clerk R. B. Poage will
receive proposals until September 17,1894, for 6 per cent stone
sidewalk bonds to the amount of $619 65, maturing in from
one to ten years.
Woburn, Mass.—(Chronicle , vol. 58, page 746, and vol.
59, page 300.)—In reference to a proposed loan of $30,000 for
sewers, Charles A. Jones, City Auditor, writes us that no
definite action has as yet taken place, nor is it likely that any­
thing definite will be done in the matter for some time.
Yonkers, N. Y.—(Chronicle , vol. 58, pages 694, 746 and 957,
and vol. 59, pages 128, 165 and 241.)—At a recent meeting of
the Common Council a resolution was passed to issue $40,000
of street-paving bonds bearing 4 per cent interest and ma­
turing at the rate of $10,000 yearly from March 1, 1897, to
March 1, 1900. Crematory bonds to the amount of $4,000
were also authorized.
York, Pa.—The Board of Education of this city will soon
issue 4}*} per cent bonds to the amount of $10,000.

S T A T E A N D C IT Y D E B T C H A N G E S.
We subjoin reports as to municipal debts received since the
last publication of our S tate and City Supplement >
Some of these reports are wholly new and others cover items
of information additional to those given in the Supplement
and of interest to investors.
Essex County, New Jersey.—(S tate a n d Cit y S u p p l e ­
ment ,

page 59.)—W e g iv e below a revision o f our last state­

NEW

LOANS.

Municipal Bonds
For Investment.
P A R T IC U L A R S ON A P P L IC A T IO N .

Street, Wykes & Co.,
44 W ALL STREET,

NEW Y O R K .

W. J. Hayes & Sons,
BA N K E R S,

Dealers in MUNICIPAL BONDS.
S treet R ailw ay B onds and o th er high grade in
vestm en ts.
3 1 1 - 3 1 3 « “ e e r io r

s t.^

7 E x c h a n g e P la c e ,
B o sto n .

40-42 W all St.,
New York

b le A ddress, **K E N N E T H .”

W. N . Coler & Co.,
BANKERS.

MUNICIPAL BONDS.
34 NASSAU STREET.

C ITY BONDS
N e ttin g fr o m

4

Per

C e n t to 6 P e r C en t.

W rite for d escription o f ch oice secu rities issued
b y c ities o f good financial standing, w ith population
ran gin g from 20,000 to 150,000.

[V o l. L IX .

ment of the debt, assets, valuation and general financial con­
dition of Essex County, New Jersey. The statement has been
corrected by means of advance sheets from the Sinking Fund
Commissioners’ Annual Report for the year ending May 7,
1894. According to this report the changes in the county’s
bonded debt during the fiscal year were as follows.
Road bonds amounting to $50,834 97 became due during the
year and they have all been paid and canceled. The Board of
Chosen Freeholders issued one road improvement bond
amounting te $4,570 94, which was purchased by the War
Sinking Fund Commissioners as an investment. On April
30th, 1894, a second road bond amounting to $334 04 was
issued and this was also to be purchased by the Sinking Fund
Commissioners.
In January, 1894, the State Military Board notified the
County Collector that they had purchased a site for an armory,
the cost of which was $25,000, and the Board of Freeholders
was compelled, under a State law approved March 23, 1838,
to furnish the amount required for this payment. They
therefore issued two bonds for $12,500 each, to run for one
and two years respectively, at 4 per cent interest, payable
semi-annually.
The War Sinking Fund Commissioners intended to purchase
these bonds as an investment, but the County Counsel stated
that under the law they could not invest in such securities.
The County Collector thereupon advertised the bonds for sale
and the same were purchased by the Howard Savings Institu­
tion for a premium of 1-16 per cent.
The details of the county’s present outstanding indebtedness
are given in the table subjoined.
The county seat is Newark.
LOANS—
When Due.
A rm ory B onds —
4s,
$ 1 2 ,5 0 0 .....Jan. 3 1 ,1 8 9 5
4 s , ....... 12,500....... Jan. 31, 1896
R oad B onds58, ........., $4,588____Apr. 30 ,1 9 0 1
5s, J&J, 5 0 ,0 0 0 .........July 1 ,1 8 9 5
($10,000, d u ey ’rly) to Ju ly 1 ,1 8 9 9
5s, var., $27,460............’94 to 1903
W a r B onds78, ........., $510’,000 ...A p r. 1 ,1 8 9 5
7 s , ........., 510,000 ...A p r. 1 ,1 8 9 9

M ISC ELLA N EO U S.
P u b lic a tio n b y T H E B A N K O F M A N H A T T A N
CO M PA NY , N ew Y ork, o f th e m o n e y s re m a in in g
u n c.a im ed , In a c c o rd a n c e w ith S e c tio n 28, A rtic le
1, C h a p te r 68u, o f t h e B an k in g L a w s o f 1892,
S ta te o f N ew Y o rk .
J u n e 23,1875. C om m ercial B a n k , M a n c h e s ­
te r , M iss., d iv id e n d a c c t................... ,$ 401 25
M ay 2 5 ,188J. C o m m ercial B an k , M an ch es­
te r, M iss., d iv id en d 12..........................
60 00
A u g . 24, 1&83. C o m m ercial B au k , M a n c h e s ­
te r , Mis«., d iv id e n d 14.......................... 296 00
A u g . 21, 1883. C o m m ercial B an k , M a n c h e s ­
912 00
te r , M iss., d iv id e n d 16.............................
A ug. 24, l8 -3 . C o m m ercial B ank, M a n c h e s ­
te r, M iss., d iv id en d 16.......................... 2,171 00
S ep t. 24,1881. J . L . D av is & Son, 184 S o u th
S ti e e t..........................................................
60 00
F eb . 1 9 ,18t*4. E m p ire C ity B an k , N ew Y ork,
d iv id en d 2 ................. ........ .....................
5168
F eb . 19,1874. E m p ire C ity B an k , N ew V ork,
d iv id en d 3................................................
141 63
J a n . 18,1879. 0 . 8. G reen , T r e n to n , N . J .
62 63
C. L . H a ls te a d , E x e c u tr ix , 155
S econd A v e .............................................. 633 56
A p ril 25,1*88. E s ta te o f W m . H u tc h in s o n . 1,77108
J u ly 10,1876. J . O’N eil, 22 m B r o a d w a y ......
83 56
M ay 20,1885. J a m e s P o tte r, P rin c e to n . N .J. 133 22
P la n t e r s ’ B an k , T e n n ., d iv id e n d 1 . . .
76 10
P la n t e r s ’ B an k , T e n n ., d iv id e n d 7 ...
90 00
P la n t e r s ’ B an k , T e n n ., d iv id e n d 18.
64 00
P la n t e r s ’ B an k , T e n n ., d iv id e n d 40. 305 00
86 66
C. H . S m ith . C lark v ille, T e n n ............
F eb ., 1889. H . G. S teb o in s & Son, N. Y ......... 358 37

Unclaimed Dividends.

54 d iv id en d s. M a rg a re t J e n k in s , u n k n o w n .
81
“
T h o m a s K eefe,
“
97
**
H e n ry M<>ss,
“
111
“
J o h a n n a M u rp h y ,
“

241 00
36650
3,4e8 00
24499

Interest New York State Stock—Unclaimed.

1843. A lfre d S m ith , u n k n o w n ................... $ 175 00
1852. J . S. D eB eau lieu ,
*•
...................
63 00
1865. J . H . C am ero n a n d U. S............................
M a ste rs, in tr u s t,
"
62 50
1865. J . H o w a rd M arch ,
“
60 00
1870. T h o m as M. T a y lo r “
75 00
C ity o f N ew Y ork, C o u n ty o f N ew Y o rk , I „„
S ta te o f N ew Y o rk .
) ssJ . T . B ald w in . C ash ie r o f t h e M a n h a tta n C om pany
o f N ew Y ork, in said C o u n ty , bein g d u ly sw o rn , say s
t h e fo re g o in g is in a ll r e s p e c ts a tr u e s ta te m e n t to
th e b e s t o f h is k n o w led g e a n d b elief.
J . T . B a l d w i n , C ash ie r.
S w orn to b e fo re m e
t h e 14 th d ay o f A ug.,'1894.
I n te r e s t N ew Y ork S ta te S to c k —U n cla im ed .
^ S eal. |
W . S. J o h n s o n ,
N o ta ry P u b lic , N . Y . Co., 13.

S. H. Wood Produce Co.,
6 WALiIa STREET,
96 BROADWAY,
5 PINE STREET, N. Y.
9 1 3 t o 9 1 7 G u a r a n ty L o a n B u ild in g ,
M in n e a p o lis , M in n .

Buy and sell all kinds of grain and produce
In the Minneapolis and Chicago markets
Write for our SPECIAL MONTHLY AND
BAN K ER S,
DAILY MARKET LETTERS.
T8 BROADTVA Y,
N SW YO RK . COMMISSION *8. Telephone, 951 Cortlandt

C. H, W H IT E & CO.,




Total debt May 7, ’94.. $1,137,048
A ssets (cash and bonds,
283,472
Net debt May 7, ’9 4 ....
853,576
Tax valuation 1893. ..177 ,4 8 8 ,0 0 0
County ta x 1894___
534,523
485,296
School tax 1894...........
Total tax 1 8 9 4 ............ 1,019,819
Tax valuation 1 8 92...166 ,1 9 1 ,1 8 8
Tax valuation 18 9 1 ...1 5 4 ,7 2 6 ,9 4 0
Tax valuation 18 9 0 .. .154,712,005
Population in 1890 w a s___2 56,090
Population in 1880 w as___189,929

M ISC ELLA N EO U S .

Geo. M. Huston & Co.
B O N D AND S T O C K DEAL E R8
W e buy and sell o u trigh t all W estern
M unicipal B onds and Stocks.
We
ch ee rfu lly fu rn ish fu ll and reliab le in ­
form ation concerning any W estern se­
curity w ith o u t charge. M onthly quo­
ta tio n circular m ailed to all ap plicants.
N ew issu es o f m unicipal bonds w anted.

SOS PINK ST R E E T . ST. LOUIS, MO

MORTGAGE LOANS
IN

TEXAS.
7 P e r IC e n t a n d 8 P e r C en t N e t.
NO COMMISSIONS charged borrower or lend er
u n til loan s h a v e proven good.

FRANCIS SMITH & CO.,
S A N A N T O N IO , T E X A S .

Edward Morton & Co.,
S3 Broadway, N ew York.
S p e c ia ltie s:
M UNICIPAL,
STR EET R A IL W A Y BONDS
an d
BANK STOCKS.

Chronicle Numbers W anted.
J a n . 3 , 1 8 8 5 j A p r il 3 , 1 8 S 6 j J u n e 3 0 ,
1 8 8 8 ; O c t. 1 9 , 1 8 8 9 ; D e c . 2 7 , 1 8 9 0 ; J a n .
1 7 , 1 8 9 1 ; D e c .lO , 1 8 9 2 ; a ls o S u p p le m e n ts
M a r ch , 1 8 9 2 , a n d J a n ., 1 8 9 3 .
F if t e e n c e n ts a c o p y w ill b e p a id fo r a n y
o f th e a b o v e .
W M . B . D A N A & C O .,

■ rrtlmnbns Ohio.—(Chronicle, vol. 58, page 692i_ari<i vol.
201.)—'George J. Karb, Mayor; D. E. Williams,
rfinditor Che statistics regarding, the,financial conditwa of
■^aaito
Tjnnarv 1 1894, as given l a the following stateS . r e p o r t of the Trustees of the

LCoage

P p S u m b ^ l s situated iu Franklin County, which had a
ia ia te debt Sept. 1, 1893, of »1,177,000.
T'Yi fp .r'P .s t.
.
>
—_Interest
P- Ot. Payable.

^ i f_u N. Q
.m

LaMELa°

d purpose -

ÒU

THE CHRONICLE.

AUGUSTUS, 1894.]

KbS
M - AMti 1886
k
“
"
f l
1889
¡City Prison refunding 1888

/—

-Principal, ---------- When Due.
Outstand'g.
$16,000
125.000
35.000

June 1, 1906
Mar. 1, 1909
Nov. 1, 1908

J & D
M & S
M & N

4s, J&J, $ 5 0 ,0 0 0 ... -Ju ly 1 ,1 9 0 3
4s, M&N, 100,000. ...N o v . 1 ,1 9 0 8
4s, M&N, 5 7 ,0 0 0 ... .No v. 1 ,1 9 0 9
4s, J&J,
50,000---- Ju ly 1 ,1 9 1 8
St r e e t I m provem ent B onds ,
p a y ab le b y assessm ent—
6s, v a r., $ 2 ,5 0 7 ,2 0 0 .................. - a .
.., v a r.,
600,000....... . ................
Ail of th e 6 p e r cen t s tr e e t im ­
p ro v em en t bonds a re subject to
call one y e a r from d a te of issue.
S chool H ouse B onds .
LOANS—
When Due. 5s, A&O, $85,000....... Apr. 1, 1901
5s, A&O, $50,000....... Apr. 1 ,1 8 9 9 5s, J&D, 85,000....... Dec. 1 ,1 9 0 6
5s, A&O,
25,000.......Oct. 1, 1899 5s, A&O, 110,000........Oct. 1 ,1 9 1 3
5s, A&O,
25,000...... Apr. 1, 1900 5s, M&S, 110,000.......Sept. 1 ,1 9 1 3
IN TER E ST on police deficiency bonds of 1888 and on assessm ent
bonds is payable at the City Treasurer’s office; all other interest at the
National Park Bank, N ew York City.
T O T A L D E B T , SINKING F U N D S, E T C .-T h e subjoined sta te ,
m ent shows Columbus’s total m unicipal debt, the sinking fund held by
the citv against the sam e, the w ater debt, and the city’s floating debt
on January 1 ,1 8 9 4 , and on April 1 ,1 8 9 3 ,1 8 9 2 and 1891.
Jan. 1,’94. Apr. 1,’93. Apr. 1,’92. Apr. 1,’91.
Total bonded d e b t.... $7,333,200 $6,962,800 $6,950,700 $5,472,588
342,483
631,100
566,700
483,700
Sinking fu n d s.............

LOANS—
When Due.
S ewkr B onds—(Con.)
4s, M&S, $ 1 5 ,0 0 0 ....Sept. 1 ,1 9 0 9
4s, M&N, 4 3 ,0 0 0 ... .Nov. 1 ,1 9 0 9
4s, A&O, 3 0 0 ,0 0 0 ... .Apr. 1 ,1 9 1 0
Wa te r B onds58, J&D, $ 4 0 0 ,0 0 0 ....Dec. 1 ,1 9 0 1
5s, AAiO,
4 0 ,0 0 0 ---- Apr. 1 ,1 9 0 7
5s, M&N, 175,000--- Nov. 1 ,1 9 1 0
4s, J&J,
3 0 ,0 0 0 ... .July 1 ,1 9 0 1
4s, J&J, 1 0 0 ,0 0 0 ....Ju ly 1 ,1 9 0 2
B oard o f E ducation -

70.000
Nov. 1, 1900
M & N
150.000
Nov. 1, 1910
M & N
42.000
Ju
ly
1,
1908
J & J
60.000
Apr. 1, 1913
A & O
43.000
Sept. 1, 1908
M & S
I ?t
Firece
Dep. and gas. 1888
160.000
May
1,
1905
M
&
N
¿Fourth S t.B r id g e ....1 8 9 0
35.000
J &
J July
. 1, 1908
R ra n ilin Park.............189d
, „ T 5 Ju ly 1 ,1899, sub.
$25,000
¿o
do .......1 8 8 9
J ® J i to call Ju ly 1, ’94
5.000
J &
J Jan. 1, 1911
H ,gJBt.V ia(la»t .; ; .; ; 1l | | l
95.000
J &
J Ju ly 1, 1902
350.000
M
&
N
Nov.
1,
1902
N et d eb t................ $6,702,100 $6,396,100 $6,467,00b $5,130,105
¿o
do ......... 1^92
2.000
A & O Apr. 1, 1904
Water debt(inc.above) 1,002,000 1,052,000
1,012,000
1,036,000
[Levee ........................... 1884
J & D 5 J une 1999, sub.
50.000 F loating d e b t . . . . . . . . .
........
ml
10o,899
18,000
to call Ju ly 1, ’99 $
do ............................ 1889
The to ta l bonded debt as given for January 1 , 1 8 9 4 , included street
9,000
Ju ly 1, 1908
J & J
U r k e t H o u s e ....: : . . 1 | | |
im
provem
ent
bonds
payable
by
special
assessm
ent
to
th
e
am
ount
of
15.000
Aug. 1, 1909
F & A
Aug. l , ’98,butsub ) 200.000 $ 3 1 0 7 2 0 0 The s in k in g fund receives yearly about $ 1 2 5 ,0 0 0 , which
F
&
A
does
not
include
assessm
ents
for
street
im
provem
ent
bonds.
■North High St. im pt.. 1883
to call any tim e, s
150,000
M&N
Nov. 1, 1910
A SSESSED VALUATIO N, E T C —The city’s n et debt, assessed val­
■Steam Fire Dep’t ......... 1890
51.000
J& D
June 1, 1904
■
¿o
do
.........layrf
uation (about *2 of actual value) and ta x rate for the years named has
4s,
A&O,
$
5
,5
0
0
....Oct.
1
,1
8
9
6
When Due.
lo a n s4s, M&S,
19,000--- Sept. 1 ,1 8 9 7 been as fo llo w s:
Asses'd V al. Taxp.$1,000
Net Debt.
4,500----Ju ly 1 ,1 9 0 1 Years.
* «
B $ t 0 0 0 - . . .Sept. 1 ,1 9 0 2 4s, J&J,
$59,060,530
$2 8-00
$6,396,100
. . . ............ ............
¡¡g g
| o 0 0 0 ... .June 1 ,1 9 0 4 4s, M&N, 1 6 5 ,0 0 0 ... .May 1 ,1 9 0 3 1 8 9 3 ..
■ 6 ss>
, J&D,
57,203,660
2600
.
6,467,000
4s,
M&N,
29,000----May
1
,1
9
0
4
1
8
9
2
............................
17.000
__________
Ju
ly
1
,1
9
0
4
24-00
56,284,770
.
5,130,105
■ 6 s , J &J >
----4s,1J&D,
25.000
__________ Mar.
,1 8 9 5 118,000__ Dec. 1 ,1 9 0 5 1 8 9 1 ................................. .
■ .5s, M&S,
43,663,270
24-00
.
4,351,090
25.000
__________
June
1
,1
9
0
6
4s,
J&D,
18
9
0
......................................
__________ Dec. 1 ,1 9 0 0
41,557,410
22-40
■ 53, J&D, 410.000
.
3,200,310
4 5 .0 0 0 . . . . Aug. 1 ,1 9 0 6188 9 ................... ....................
8 ,5 0 0 .... July 1 ,1 9 0 2 4s, F&A,
22-50
40,170,460
.
2,222,210
■ ös, J&J»
1
0
.0
0
0
.
.
.
.
Oct.
1
,1
9
0
6
1
8
8
8
..
.
............................
4s,1A&O,
__________ Nov.
,1 9 1 0
■ 5s. M&N, 40.000
21-50
38,594,170
. 1,788,518
1 7 .0 0 0 . . . . July 1 ,1 9 0 7 1887........................................
D ec. 1 ,1 9 1 0 4s, J &J,
21*70
■ 5s, J&D, 10.000
36,890,860
. 1,861,400
8 ,0 0 0 ....Dec. 1 ,1 9 0 7
4s, J&D,
35,279,170
22-50
I 5s, J&J. 200,000___ Jan. 1 ,1 9 1 1 4s, F&A,
. 1,896,400
1 2 .0 0 0 .
. . . Feb. 1 ,1 9 0 8
1,500___ Mar. 1 ,1 9 1 1
■ 5s, M&S,
1
,1
9
0
8
5,000___June
POPULA TIO N-—Hi 1890 population was 88,150; in 1880 it w a i
J uly 1 ,1 9 1 2 4s, J&D,
■ 5s, J&J> 30.000
20.000
Ju ly 1, 1909
5,000___Sept. 1 ,1 9 1 3 4s, J&J,
■ 5s, M&S,
51,647; in 1870 it w as 31,274.
47.000 ___Aug. 1 ,1 9 0 9
4138, M&S,237,000----Sept. 1 ,1 9 2 1 4s, F&A,
_

_

n&
v -A re....
i ! 91890
o
police»and

M IS C E LLA N E O U S .

CHICAGO.

CHICAGO.

Title Guarantee & Trust
Company

Jamieson & Co.,

OF C H I C A G O ,

STOCKS—BONDS,
4em b ers N ew Y ork and C hicago Stock E x ch a n g es

187

9 2 , 9 4 & 9 6 W A S H IN GTON S T R E E T .

C ap ital, p a id -u p ............................. . . $ 1 , 6 0 0 , 0 0 0
U ndivided e a r n in g s , in c lu d in g
s u r p lu s .............................. .............
$39*000
¡Deposited w it h S t a t e A u d it o r . .
$ 0 0 ,0 0 0
GUARANTEES TIT L E S TO B E A L E S T A T E .
matobh A BSTR A CTS OF TITLBL

Offers I n v e s to r s In r e a l e s t a t e s e c u r it ie s
protection a ffo r d e d b y n o o t h e r s y s t e m ol
doing b u s in e s s .
Is authorized by law to a ct a* R egistrar o f Stocks
and Bonds, E xecutor, R eceiver and T ru stee for
Bstates, S yndicates, Individuals and Corporations.
Trust m oneys and tr u st secu rities k ep t separate
from th e assets o f th e C ompany.

DEARBO RN STREET,
C h ic a g o , I lls .

P r iv a te w ire to N ew Y ork and P h ilad elp h ia.

Loeb

&

Gatzert,

MORTGAGE BANKERS,
125 L A S A L L E S T R E E T , C H IC A G O .
F irst M ortgages fo r sa le in large and sm all a m ou nts
g ettin g in vestors 6, 6)6 and 6 per cent, secured by
improved and incom e-bearing C hicago city property.
P r in c ip a l a n d I n t e r e s t p a y a b le In G o ld .
C O R R E S P O N D E N C E S O L IC IT E D .

6% and 7% Gold Mortwawes.

C O R R ESPO N D E N C E S O L IC IT E D .

Interest A llow ed from D a te o f R eceip t o f M oney

OFFICERS:
GWYNN GA R NBTT, P resid en t.
A . H . SELLER S, V ice-P resident,
ARCHIBALD A . S T E W A R T , Secretary.
C H A S. R . L A R R A B E B , Treasurer,
FR A NK B . SELLER S. T rust Officer.
D IR E C T O R S:
Gwypn Garnett.
W. D . K erfoot,
Joh n P . W ilson .
H orace G. C hase,
B d son K eith ,
John G. Shortall,
G eo. M. B ogu s.
John D eK oven,
. A. H . S ellers.
Sam uel B . Chase.
COUNSEL:
W. 0 . Gaudy,
Jo h n P . W ilson ,
A W . Green
A M. P en ce.

m o rtg a g e B a n k e r s,
C H IC A G O , IL L
F irst M ortgage Loans on Im proved Produ ctive
R eal E s ta te Centrally L ocated.
30 Y e a r s B u s in e s s W i t h o u t l o s s to in v e s t o r s .
A dd ress all com m u n ications to E astern O ffice

E. S. DREYER & CO.,

I860.

1894.

The United States Life
Insurance Co.
IN T H E CITY OF NEW YO R K . »
OFFICERS.

G E O R G E H . B U R E O R D , P r e s id e n t .
I. P . F R A L E IG H ..................
...S ecr eta ry
W H E E L W R IG H T ................... A ssista n t Secretary 1
WM. T . S T A N D B N ......................
A ctu ary
A R T H U R C. P E R R Y ............................................. C ashier
rOHN P . M U N N -.................................M edical Director*
FIN A N C E COMMITTEE.
GEO. G. W IL L IA M S...............P r es. C hem . N at, B ank
JOHN J . T U C K E R ............................
B uilder
HI. H . PE R K IN S, JR., P res. Im p. & Traders’ N a t. B ’k
T h e tw o m o st popular plans o f L IF E INSU R A N C E
are th e C ON T IN U AB L B TERM POLICY w hich
gives t •>th e insured th e g rea test possible a m ou nt o f
indem nity in th e e v e n t o f death, a t th e lo w est possi.
ole p resen t cash outlay; and th e G U A R A N T E E D
INCOME POLICY w hich em braces ev ery valuable
feature o f in v estm en t insurance, and w hich in tn e
ev en t o f ad versity overtak ing th e insured m ay be
used as C O LLA TERA L SECURITY FOR A LOAN,
to th e e x te n t of th e fu ll leg a l reserv e v a lu e t h e r e o f
in accordance w ith th e term s and con d ition s o f th ess
policies.
,
„
Good A g en ts desiring to rep resen t t h e Company
»re in v ited to address th e P resid en t a t H o m e Office

A sto r B u ild in g , 9 P in e S t r e e t , N e w Y o r k

BONDS

Y IE L D IN G

A N INCOME

4%

to

Jos. C. Platt, C. E.,

6%

CITY, MASON, LEWIS & CO., Bankers CONSULTING E N G I N E E R ,
COUNTY
SCHOOL

171 LA SALLE STREET,
send for lists .

CHICAGO

SECURE BANK VAULTS.

35

W a ll S tr e e t, h e w Y o r k ,
A nd W a te r fo r d , N . Y .

E x a m in a t io n s .

S u p e r v is io n .

R e p o r ts.

A. G. Becker & Co.,

SEARS & W H IT E ,

(INCORPORATED)
SUCCESSORS TO

S uccessors to
E U G E N E R. COLE,

H E R MA N S C H A F F N E R *

COMMERCIAL PAPER,
154 La Salle Street, - Chicago, 111
A . O. SLAUGH TER, M ember N . Y . Stock E xch an ge
WM. V . b a k b r , M ember C hicago Stook E xch an ge

A. O. Slaughter & Co
BA NK ER S,
1 1 6 -1 1 7 L A SA L L E ST R E E T ,

CHICAGO, ILLS.
¿C h icago S e c u r it ie s B o u g h t a n d S o ld .




STATION ERS A N » P R IN T E R S .

CO.
GENUINE

WELDED CHROME STEEL AND IBOfc
a R oun d an d F la t B ars and 5-ply P la te s and A ngi«»
FO R SA FES, V A U LTS, *0.
Cannot b e S aw ed Cut, or D rilled , an d p ositively
B u rglar-P roof.

Supply B anks, B ankers, Stock Brokers and Cor­
porations w ith co m p lete ou tfits o f A cco u n t B ook s
und S tationery.
I » - N ew con cern s organizing w ill h a v e th e i
orders prom ptly ex ecu ted .

Mo. 1 WILLIAM STREET.

CHRCitlE STEEL W O RKS,
Solo Man’f ’ers in th e ’.U . S.

B ROO K L YN . N •

Wm, Fisher & Sons,
B A N K E R S A N D BROKERS,

2 3 S o u th S t r e e t .

-

-

B a lt im o r e ,! M d

Given & Sicard,
M e c h a n ic a l a n d C iv il E n g in e e r s .
General E ngineering. D raw ings. P a te n ts. Specifica­
tio n s. E n gin e T ests. P la n s and Reports,
Sup ervision o f Cons traction .

9 $ 5 C H E S T N U T S T ., P H I L A D E L P H I A .

X

c h r o n ic l e .

the

©niton.

IV o l . u x .

'gimncîul

© U tttfU .

Walter I , Hatch,
H enry Prescott Hatch,
A rth ur Melvin Hatch I
Members of N. Y. Stock and Produce Exchanges

W O O DW ARD
& STILLM AN

IN M A N , SW ANN& Co

MERCHANTS

96 Broadway & 6 Wall S t, New lorkj

COTTON MERCHANTS,

Dealers in investment stocks and bonds.
Personal attention given at the N. Y. Stock Ex
change for the purchase and sale on commission oi
stocks and bonds for cash or on margin.
Interest allowed on deposits, subject to draft m
sight.
*•

(6 to 22 WILLIAM STREET
NEW YORK.

M ew Y o rk ,

COTTON OF ALL GRADES SUITABLE TO
WANTS OF AMERICAN SPINNERS.
L e h m a n , St e r n & Co., Limited, New Orleans, La.
LlHW A n -D u r r Co „ Montgomery, A la,

LEHMAN
conmssioiif

Henry Hentz & Co.,
COMMISSION MERCHANTS,

BROS.,

F. H. Prince 6c Co.,

1 6 to 3 3 W illia m S t., N ew Y o r k .

h erc h ah ts,

EXECUTE ORDERS FOR FUTURE DELIVERY

BANKERS,

Nos* 16-22 William Street,

C O TTO N ,

NEW Y O R K .

At the New York, Liverpool and New Orleans
Cotton Exchanges. Also orders for

M EM BERS O F T H E STOCK, COTTON, COF­
F E E A N D PR O D U C E E X C H A N G E S,

COFFEE,

N ew Yo r k .

At the New York Coffee Exchange, and

Orders executed on the above Exchanges as well
as In New Orleans, Chicago and foreign markets.

G R A IN AND PR O V ISIO N S

Hubbard, Price & Co.,

Private wires to all important points North, South,
East and West.

COTTON EXCHANGE BUILDING.
MEW Y O R K .

General Commission Merchants.
.
v uucc juAuuougu, uiuvagu jooara ox l raae.
Orders executed on any of the above Exchanges,
also for purcnase and sale of cotton for future de­
livery in New Orleans and Liverpool. Liberal ad­
vances made on cotton consignments.
P R IC E , R E ID & CO.,
N o r fo lk , V a .

Special attention given to orders for cotton for
foreign or domestic shipment.

AND

SO U TH ER N PRO DUCE

COMMISSION MERCHANTS
R oom S 3 , C otton
NEW
Gustavus C. Hopkins,
Charles D. Miller,

E x c h a g e B u ild in g ,
YORK.
Lucius Hopkins Smith.
Samuel Hopkins.

. O. BLOSS.

GBO. H . CHURCH, S p ecial

J. O. BLOSS & CO.,
COTTO»
33

W. D . ROUNTREE.

albert l

BAN K ERS,
. Rountree'

No. 7 PINE STREET, NEW YORK,

COMMISSION MERCHANTS

INVESTM ENT SECURITIES.

COTTO 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, GRAIN, PROVISIONS AND

Samuel White,

STOCKS.

A. A. Goldsmith, Agt.
C H A R L E S T O N , S . C.

COTTON M ER C HA N TS,
P H IL A D E L P H IA .
L i v e r p o o l Co r r e s p o n d e n t s
B r e m e n Co r r e s p o n d e n t o * 6 * 10 Z e r e * a *

CRAIN

FOR FUTURE DELIVERY.

Frederick Paxson & Co.,
STO C K

BRO K ERS,

DREXBL BUILDING, PHILADELPHIA.
« 5 ï vate wlre2 Î 2 .New York Stock and Cotton
Exchanges and Chicago Board of Trade.
M. T . M a i n s .

W m. R a t .

b. f

. E v a n s , S p e d a i.

Geo. Copeland & Co.,
COTTON B R O K E R S ,
1 3 9 P e a r l S tr e e t,

sueoiaftT




.

N ew Y ork .

“ “ «from Southern markets a

C o*

M cF ad d en , Z e r e g a tfe 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 .
Se l l in g

AND

ag en ts fo r

L e a d in g

BROW N

and B L E A C H E D S H IR T IN G S
a n d S H E E T IN G S ,
P R IN T S , D E N IM S, TICKS, D U C K S, * 0 .

T o w e ls , Q u ilt s , W h it e G o o d s a n d H o s ie r y .

D rills, Sheetings, die., for Export Trade.
P a u l Sc h w a r z .

S. A. F a t m a n , Special.

Fatman 6c Schwarz,
COTTON COM M ISSION M E R C H A N T S .
1 W illia m S tr e e t, N ew York*
Members New York Cotton, Coffee and Produce
Exchanges.

R. H. ROUNTREE & CO.f
C o tto n ,

60 BROADW AY.

Jos. O. Osgood,

Correspondence Solicited.

AGENT

C O M M I S S I O N B R OK E R ,

Traction Stocks a Specialty.

COTTON SAIL DUCK Geo. H. McFadden & Bro.

CO TTO N

WALKER HILL, President,
ALVAH MANSUR, Vice-President,
L. A. BATTAILE, Cashier,
W. L. RICKER, Ass’t. Cashier
Best Organized Collection Department in Mo.

W. D. Rountree & Co.,

Hrinckerhoft, Turner & Co.,

109 D u n s Street.

ST. LOUIS.
C a p it a l, . 8 5 0 0 ,0 0 0 I S u r p lu s , - 8 3 3 5 ,0 0 0

Hatch 8c Foote,

Street,

NEW Y O R K .

SAMPLES AND PICKINGS A SPECIALTY.

^A^full supply all Widths and Colors, always in

American Exchange Bank,

MERCHANTS,

W illiam

SUCCESSOR TO

U N IT E D S T A T E S B U N T I N G C O .

Members of New York and Boston Stock Exchange«.

B A N K E R S AND B R O K E R S.
Contracts for Cotton Future Delivery executed on
the Liverpool, New Orleans and New
York Exchanges.
..
I N E W O R L E A N S,
5 4 - 5 6 B road S tr e e t. 11 9 0 Com mon S tr e e t.

COTTON BROKER.

a n d a l l k i n d s or
COTTON CANVAS FELTING DUCK,
CAR COVERING BAGGING,
RAVENS DUCK, SAIL TWINE, Ac.,
POPE “ AWNING” STRIPES.

MASS.

Atwood Violett & Co.,

J . Spencer Turner,
MANUFACTURER AND DEALER IN

BOSTON,

HI GH GRADE I NVESTMENTS.

At the New York Produce Exchange
and the Chicago Board of Trade.

Hopki ns,Dwight & Co.,
C O T T O N , C O T T O N S E E D O IL

W. T. Hatch & Sons,

G r a in , C o ffe e a n d
P r o v is io n
C o m m iss io n M e r c h a n t s .

Cotton Exchange Building,
NEW Y O R K .
CORRESPONDENCE INVITED.

M. Am. Soc. C. E.
C on su ltin g E n g in eer.
Beports on Investment Properties for Bankers
and Investors.
Examinations in regard to physical condition and
character, earnings, management, needs, value, etc.
R a ilr o a d L o c a tio n and C o n stru ctio n .

120 BROADWAY,

-

-

NEW YORK.

W M . FRAN K LIN H A LL
BOOKS ACCOUNTANT A u d i t e d
N ew fo rm s d esig n e d f o r b o oks o f aocoux. t.

Settlement of Insolvent Estates.
418 E x c h a n g e B u ild in g . 53 s t a t e S tre e t, B o sto n

Edward E. Higgins,
Expert in Street Railway Values and
Economies.
H avem eyer B u ild in g , Cortland« St.,
N E W YO R K

Fifth Avenue Hotel,
M adison Square, N ew Y ork.
The largest, best appointed and most liberally
managed hotel in the city, with the most central
and delightful location.
HITCHCOCK DARLING A CO