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m;
AND
HUNT'S MERCHANTS' MAGAZINE,
RaPRBSENTINQ THS INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
Bnten<d aooordliiK to Aot of Codctm". In tbe year 1892, hy
VOL.
Wh.
B.
Damx A Oo., In the offloe of the Librarian of OonKress, Waahln^ton, D. (X
SATURDAY. AUGUST
55.
;
Terms of Subscription— Pajable in Adrance:
Chronicle.
The State and Citt Sitpplement of 184 pages Is also given to every
yearly sabscriber of the Chronicle.
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Terms of AdTertlsing—(Per Inch space).
Onetime
$3 50 Three Mouths (13 times). .$25 00
" ).. 43 00
One Month
(4 times).. 11 00 Six Months
(26
" ). 18 00 Twelve Months (52 " ).. 58 00
TwoHontha
(8
;
Wi€k VInMnt August
1891.
New Tork
Sdlaol—
I
Edwards
Iiondon Asents
ik
(Cotton
Smitd, 1 Drapers' Gardens, E. C, will take sub-
and advertisements, and supply single copies of the paper at
wiTii.u n niHi CWIIiliIAItl B. DANA & Co.. Pnbllabera,'
10* WUllam Street, NKtV YORK.
\
inSr^vl^^^rr
lOHii o. FLOTD.
p^gj Office Box 958.
I
(.Qrain
Wuik Ending Au^at
1883.
Beaton
FUladelphla.
Baltimore
OiLloago
_
8V Lonls
Hew Orleana
Seven cities, S days
Other olUes, B days
Total aU
AU omea,
1
cities, 6 days..
day
Total aU cities for week...
The
{162,232,383
62,261,626
S6,993,831
10,950,000
76,616,000
18,177,816
1,851,888
Boston
PtrOent.
.
Sprinafleld...
WorceBter....
Portland
Lowell
New Bedford,.
New England.
-67
(-28-3
(+58-91
(-71-0)
(+81-0)
+30
+6-5
+38-5
4-38 -S
+12-3
+5-3
-11-8
+3-8
Wuk Knd'o
Aug. Vft
1892.
P.Otnt,
616,079,300
+8T
(991.880)
(678.700)
(20,688,850)
(868,000)
(-S9-1I
\-«ariS
88,838,483
4,868,800
1,818,178
1,268,248
1,129,167
1,1.52,588
1,179.324
!-fS8-8)
+VSrx
+3-1
+101
681,793
375,526
—»•«
-10^
93,269,120
+4-0
99,216,105
+UT
69,919,218
12,237,128
+5-1
+11-8
+11T
15,8')4,885
—1(1-2
7,476,613
1,294,163
l.t5;,189
+35-0
802,039
879,481
188,200
+1-2
+2-9
+18-3
67.711.375
13,563,191
11.387.711
7,795,888
1,831.117
1,237,523
8I)9«83
796,707
231,100
103,729,207
88,769,657
+4-0
98,338.178
+1*0
Culumbus
8,185,01X)
+10-1
+10-2
+3-8
+10-3
+12-1
ludiauapolia...
1,280,078
1,678,600
88,161,880
10,861,050
6,062,689
6.753,908
5,128,758
2,464,200
1.814,238
+18-S
Cleveland
88,166,351
11,971,500
6.296,668
7,447,033
6,785,143
BulTalo
Wastaington.
Kochester
Syracuse
WilmiUKton...
Bingham ton..
Total Middle..
Milwaukee
Detroit
Peoria
Grand Rapida..
Jjerington
Total Middle Western.
Salt Lake City..
Seattle
Tacoma
+181
Kansas City.
Total Paolflo.
Minneapolis..
St. Paul.
t656,17a,017
119,788,11(3
+5-2
+9-3
St. Joseph...,
t£'.il,S9&,9e3
171,198,273
$776,240,610
168,119,842
+8-8
+3-9
Wichita
Lincoln
»993,051,266
e911,3GU,S62
+8.8
+288
730,003
+61
1,698.300
332,378
+351
914,180
168,971
187.173,171
125,570.001
+9-6
135,110,176
18,199,968
2,301,877
1,772,888
1,105,113
880,707
631,801
262,175
835,588
17,441,647
1,780,584
1.390,238
676,260
1.032,601
25,U7,606
23.278.130
+*0
21,153,210
10.031,137
7.873.251
6,857.726
4,152,678
--27-1
10,603,155
6.959,728
1,527,753
5,180,072
1,392,863
1,350,000
1,830,321
783,603
1,123,850
-18-7
776,078
781,403
508,7oO
485.888
103,100
SloniCltT....
Des Moines...
Topeka
Total Other Waatem..
St.
—28-1
LOQl
New Orleana
Louisville
,
32.313.236
+20-1
38.721.982
23.963.100
1.888,560
5,158,160
1,161,700
2,330,577
1.740.321
-7-3
21.383.663
1,523,871
1,306,151
1.6»5.7«
-|-10;5
4-31-1
4-22-6
+16-7
-t?;i^
—7-1
-7-1
-8-8
+27-7
It!
4-lK
+W6
—1&15
4-91-6
+7-8
-Wl-7
4-21-0
-»7-9
+a-o
4-17-9
-l-8-r
+19-8
4-16-S
"+27^
5-8
e.ioa.i.'ii
6.813,911
1,778,517
2,101,222
1,581,072
1,601382
+i«-5
+41-0
+7-6
+!•*
+!•»
1,610.000
-1-0
816,198
762.660
733,772
128,886
+»9T
15,721.771
-)-8-7
'~t9,720,8»l
—1-1
968,978,905
+»-»
Waco
Chattanooga
Savannah*
Atlanta
-100
+61-6
+6-8
1,000.936
967.60-
16,966,191
Total Southern...
-8-«
+81-9
10i),79J
138,200
•11,703
063,239
+*8
119,271,601
'119,916,118
+7-0
149,883.695
4-ii-4'
11.661,278
1.038.317
1,262,886
082.772
10,018.057
5.11:1.216
+16-1
-6-»
12,958326
6.iU.657
-^
1.218.581
-H)'8
1. 138,209
-13-*
17.656.181
16,139.697
Montreal ...
Toronto ....
....
Hamilton'.
Total Canada..
r* Noltnoludad
+ll-«
•+*!
+12^
1,013,558,633 1,0181.633.676
Birmingham
York.
+Vft
-f61-«
Fort Worth
ToUlall
4-1611
1,469,811
818,318
616,681
169,635
187.112
267,015
388,000
828.718
698.116
711,722
438,2lU
308.081
111.500
Dallas
UalUax
—30-0
+6-3
+12-3
38,916,202
Houston
Nortolk
New
-11-9
--21-8
--50-3
--30-8
22.208.107
6,572,011
1,437,1U
Outside
3.835,939
1.8U8,487
1.627.102
881,915
706,910
171,003
-
+8-8
Oalveston
Nashville
3,39-2.817
-11-7
+1-1
—23-6
til--}
+6-6
+16-7
11,654.887
2.101,392
1,531,650
1,210,152
805,128
688,180
150,000
1,015,160
404,610
370.468
1,313,068
2,311,162
,
627.800
330.000
+*:
803,687
613.217
633.304
362,275
a,6U2,-258
Memphla
Richmond
1.578,9(i0
936,280
149,010
6.064,268
6.087,336
6,100,000
1.40O,0U0
1,823,248
Denver
Duluth
—01
91,327,881
12,970,750
6,112,303
8,79J,538
5,570,219
2,806.000
7,671.0!t4
Omaha
$890,«8e,B16
130,869.317
of 1891.
Instituting comparison with the same week last year we
mid that there is a loss of 1*1 per cent in the whole country,
this result being due entirely to the decline at
New York in
consequence of the lesser volume of stock transactions the
current year. Outside of N«w York the excess reaches 7 per
Omf
87.011,627
Los Angeles
Great Falls
Helena'
full details of clearings for
650,780
181.885
81,317,877
4,788,500
1,276,725
1,196,067
1,097,855
1,103.336
1,143.967
627.016
136,369
to.
P.
63,129,136
14,025,688
11,193,56^
7,172.120
1,747,732
l,208,9j3
822,046
805,090
224,6u0
Total
Philadelphia..
Pittsburg
+3-7
-0-4
+17-1
-1-6
+1-3
+21-0
(1.517.856)
(374.100)
(73.141,175)
(464,000)
1,"80,«01
1,658,205
1,232,870
1.161,815
1,272,371
Portland
1891.
$115,821,193
62,191,050
17,482,310
11,130,091
67.685,000
17,919,380
1,009,963
601,588,158
(l,088,19fl)
83,711,408
5,030,100
ProTldence....
Hartford
New Haven...
San Francisco...
27.
the week covered by the
above statement will be given next Saturday. We cannot,
of
eaurse, 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. Below
are our usual detailed figures for the previous week, that is
covering the returns for the period ending with Saturday
noon August 30, with the comparative totals in 1891.
The week's aggregate records an increase over that for
August 13 of twenty-four and a-half million dollars, of which
all but six and a-half millions is at New York.
There has
been a little more activity oa the Stock Exchange, but the
total dealings are much less than for the corresponding week
_
bblt.)
ClnolDnati
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing bouses of the
United States for the week ending to-day, August 27, have
been $993,054,366, against 11,013,559,633 last week and
1041,360,353 the corresponding week last year.
601,885,028
(587.100)
(21,191,820)
(810,000;
Inulult.)
(Petroleum
Chicago
GLEARINa HOUSE RETURNS.
Hew York
tiolu..
Baltimore
la. each.
OLKAsraos
tlMra.
(SUxkt
I
torlptlons
New
;
$10 00
6 00
jiaropean Subscription (inclnrtlni? postage)
12 00
Eurojioan Suliscrlption Six Months (including postage).
7 00
Annual Subscription in Loudon (including postage)
£2 10s.
do.
do.
do.
Six Mob.
£1 lOs.
Ihe IsvESTORS' 8DPPLEMENT Of 160 pages Is Issued every other
aonth, on the last Saturdays of Jan., March, May, July, Sept. and
Not., and furnished without extra charge to all subscribers of the
Messrs.
1,418.
cent, and the cities most promineat in contributing to it are
Seattle with a gain of 63-7 per cent; Port Worth, 51'8;
Waco, 51-6 Omaha, 50'3 Hartford, 895, and
Haren,
38 '3 per cent.
%\xt d^ltraxticXe.
For One Year
For Six Monthe
NO.
27, 1892.
'
la totals.
589,900
J22
19,906.6M'
+W1
THE CHRONICLE.
312
[Vol. LV.
Money is growing more active not only on call but
on time under the drafts which have been made
STi^TE ATJO CITY DEfi^llTMEriT. latterly on the banks for shipment to the interior. A
Sec pages 311, 315, 316, 317 and 348 for our SUte small amount of gold was also taken early this week
for shipment to Europe, and the Treasury has drawn
and City Department.
Bonds out of the banks since Friday $1,200,000 net. From
All advertisements with relation to State and City
the first of August to last Saturday the reserve of our
will likewise be found on the same a nd following pages.
Clearing House institutions had diminished nearly $12,000,000, the total surplus being reported by the return
THE FINANCIAL SITUATION.
THE
important railroad decisions have been made
Judge McCormick at Dallas, Texas, has
declared the Texas Eailroad Commission law uncon-
of
and has granted a preliminary injunction
restraining the Eailroad Commissioners from enforcing
their tariffs of rates and individuals from bringing
suits for penalties against railroads on failure to adopt
or enforce the tariffs. "We have remarked upon this
matter in an article on a subsequent page and it is not
return
Two
this week.
Btitutional
needful
other
The
here.
anything
by Chancellor McGill of New Jersey, de
to
add
decision is
Glaring the lease of the Central Eailroad of New Jersey
to the Port Beading Company void, and continuing the
|)resent injunction after adding to it the further direction
July
30
against
$24,231,275,
at
$12,378,875
From this another considerable sum
August 20.
must be deducted for the loss which will appear in the
Bates, however, keep quite low.
of to-day.
Bankers' balances have loaned this week at 2| and 1^
per cent, averaging fully 2 per cent. Eenewals have
been made at 2 to 2^ per cent, and banks and trust
companies quote 2^ per cent as the minimum, while some
have obtained 3 per cent. For time money there is a
demand and a good supply is offering under certain
restrictions ; the foreign bankers in every case demand
fair
gold notes and first-class security
nearly
;
all
lenders
discriminate against the industrials except where they
are put in
much below
the market value, and rates are
in substance that the Port Beading Company and the shaded when the security offered is of high grade or
Philadelphia & Beading Eailroad desist from continu- when^the time is acceptable to the lender ; the demand
and intermeddling is chiefly for long dates while the offerings are
ing to control the Central
with it, and that the Central management again liberal for short periods, and consequently the
resume control of the Central property and
porate
duties.
It
is
impossible
to
gain
limited
per cent for sixty
its cor-
business
a
days, 3J per cent for ninety days, 4 per cent for
months and 4^ per cent for five to six months on
clear
idea of the opinion of Chancellor McGill from the por-
is
;
rates
are
3
four
good
Commercial paper is in only fair
tions of the decision which have been published, and we mixed collateral.
have been able to obtain no full copy of it as yet. An demand and principally from out-of-own, very few of
appeal will be taken, so that in reality the litigation the city banks being in the market. The supply is
Eates are 4 to 44- per cent for
has only just begun, and in the meantime it is said good and increasing.
made as a sixty to ninety-day endorsed bills receivable ; 5 to 5^
Of course the order of the per cent for four months commission house names and
court will be obeyed, and Mr. Maxwell, the President 5j to 6 per cent for good single names having from
of the Central, will resume control.
But back of all four to six months to run.
this litigation is the question who owns these coal roads.
The spread of the cholera in Europe this week has
If the control of each is in the hands of the same par- been rapid and, as stated above, the eiiidemic has
that no material change in affairs will be
result of this adjudication.
no decision, whatever it may be, will divorce the
And yet the tendency of this decision is to
introduce an element of uncertainty.
Other than these decisions, the declaring of the
strike of the switchmen on the railroads at Buffalo
at an end is the most important event of the
The whole military force will not leave Buffalo
•week.
to-day, but the most of it will.
The roads are moving
freight about as usual and are taking back such of the
men as they have places for, but refuse to discharge
any taken on since the strike began. Cable dispatches
from the other side announcing the spread of the cholera,
the disease having appeared at Hamburg, Antwerp and
ties,
reached several of the Continental
properties.
has
Bome other Continental cities, have excited considerable interest, but no feeling of uneasiness and outside
of the Produce Exchange the intelligence has had comparatively little influence.
As had been expected
;
President Uarrison last Saturday issued his pioclamation imposing a toll on and after September 1 of 20
cents a ton on shipments through the St. Mary's Falls
Canal destined for Canadian ports, in retaliation for
the refusal of the Dominion Government to
remove
the discriminating tolls imposed in violation
of
the
provisions
of
the
Treaty
of
Washington on
shipments through the Wtlland Canal
destined for
United States ports. But that event, too,
affects a
comparatively limited circle of interests, and
is of more
importance to our neighbors on the North than
it is to
ns.
We comment on the dispute in another article.
have
been
fallen
Antwerp
cities.
The
effect
and grain and provisions
such an extent as to embarrass
There was no financial event of
disturbing,
to
firms.
importance
abroad
reports discounts of
during
the
week.
The
cable
day bank bills in
The open market rate at
sixty to ninety
London .at 1@1| percent.
is 1^ per cent, at Berlin it is 1\ per cent, and at
Frankfort If per cent. The Bank of England gained
£275,000 bullion daring the week. This, as we are
advised by special cable to us, was due to the import of
Paris
£271,000 (of which £250,000 was from Australia,
£11,000 from Portugal and £10,000 from other countries) and the receipt of £4,000 from the interior of
Great Britain. The Bank of France shows an increase of £99,000 gold.
Foreign exchange has been easier this week, inflaenced by offerings of bills on Tuesday in anticipation
of shipments of gold to Europe on the following day,
and later by dearer money on time and by the pressure
of a moderate amount of commercial bills drawn against
future shipments of cotton and breadstuffs. The market
was weak on Wednesday and easy on Thursday. Compared with Friday, the 19th, the posted rates opened
unchanged on Monday at 4 874@4 88 for long
and 4 89 for short. On Tuesday Brown Brothers
reduced long to 4 87 and short to 4 88^, and on Wednesday the Bank of North America reduced the long
rate to 4 87^.
Baring, Magoun & Co. have quoted
AuocsT
THE CHRONICLK
97, 1693,1
4 87i for sixty day and 4 89 for sight all through tho
week. Tho imirkot closed steady yesterday with nominal rates at 4 87 to 4 87i for long and 4 88i to 4 89 for
short. Rates for actual business wore 4 86i to 4 86^ for
sixty day, 4 87* to 4 87i for sight, 4 87i to 4 88 for
cable transfers, 4 8r)J to 4 85i for prime and 4 85 to
On Wednes4 85i for documentary commercial bills.
day L. von IIolTinann & Co. shipped $1,000,000 and
Ladenburg, Thalmann & Co. $500,000 gold to Europe
this case
in
313
tho comparison with last year shows
a
decrease of $113,841 in gross accompanied by a redaction of only $1,197 in expenses.
Among minor
which
roads
for July, tho
have
furnished
ports gross of $47,974 against
hanna
far
& Montgomery
re-
and net of
York Susque-
$36,170,
The New
$19,141 against $13,267.
tbns
exhibits
Savannah Amoricus
&
Western reports gross of tlCO.llG against
On the
$157,705, and net of $78,272 against $75,540.
Iowa Central net for July is $36,991 against $23,342.
on direct order.
Tho Philadelphia & Reading issued its July stateAn unfavorable statement from the Pennsylvania
Railroad for the month of July, in view of tho troubles ment yesterday afternoon and shows a falling off from
The Pennsylvania last year both in the case of the gross and the net earnat Homestead, can bo no surprise.
has a heavy business in tho transportation of ore, of
coal, and of iron and steel both in the raw and finished
forms, to and from the various mills on its lines, and it
easy to see that a disturbance like that at Homestead
mast have an Important effect on its traffic and earnis
time being very greatly the
volume of freight of the character mentionod. On tho
lines east of Pittsburg and Erie the loss in gross
ings in reducing for the
On the Railroad Company net is $884,844, against
$973,126 in July 1891, and on the Coal & Iron ComThe Central
pany
$111,384.
$107,804, against
ings.
New
of
Jersey also has
being $565,078, against
Northwestern does not
net
earnings,
For July
but
gain
suffered a
make
net
loss,
&
monthly returns of
the
reports
small
The Chicago
$597,871.
earnings.
gross
not as large
with
tho same month as in the months immediately preceding, being onlj
compared
earnings
as
last year, is reported as $101,110, which all things $233,507, against $594,643 in June and $404,788 in
considered is a not nnjatisfactory showing. But this loss May. It is to be remembered, however, that there waa
in gross receipts has been attended by an augmentation an extra Sunday in July the present year and conseof $280,807 in expenses, thus produciua: a loss in net quently a working day less, and that some other drawof as
much
as $381,917.
and Erie the
result
is
On the lines west of Pittsburg
much the same, a decrease of
the
over
year
last
is
backs also existed.
The
stock market this week has been influenced by a
some favorable in their nature
and others quite the reverse, and the course of prices has
Early in the week Judge McCorvaried accordingly.
mick's decision in favor of the Texas railroads and
against tho State Railroad Commission, exercised a very
the extent of $257,921 to a decrease in gross. For the beneficial effect, not only on the stocks of the properties
seven months from January 1 to July 31 there are immediately concerned, but on the whole list, for it was
heavy gains in gross both on the Eastern and the West- construed as meaning relief to the railroads from tha
ern lines, but still heavier additions to expenses, and oppressive action of State Railroad commissions. The
the result is that while gross earnings on the entire ending of the switchmen's strike was of course also
system show an increase of no less than $3,350,914, the an influence favorable to better prices. But the
gold
net records a decrease of $650,542 $533,564 being on shipments
of
further
amounts
of
to
and
decision
against
the Readthe Eastern lines and $117,978 on the Western lines. Europe,
the
The following furnishes a comparison for a series of ing on the Jersey Central lease, had a conyears of the results on the Eastern lines both for July trary
effect,
and the break in New York &
and the seven months.
New England earlier in the week also operated ia
the same direction.
Before the announcement of the
Links east or
1892.
1891.
1890.
1889.
18SS.
1887.
PlTTSDDRO.
Jersey Central decision the anthracite coal companies
July.
t
t
t
I
»
had agreed upon a further advance in the price of coal,
5,678,672 5,879,782 5,374,466 6,211,674 4,832,412 4,6.54.370
Qnu esrnlntca
Opermt'e expenses, <, 183.407 8,901,600 4,019,003 8,386,020 8,221.001' 2.980,829 and this appears to have been regarded by the Street
Net earninin... 1,39^,265 1,775,182 1,356,463 1,855,651 1,593,108 1,678.541 as fully as important an event as the injunction restrainJtm.1 to Jtau 31.
ing the operation of the Central by the Reading.
A3
38.274.121 37.155,193 87,a32.977 33.215.912 82,680.617 31,025.094
OroM eamln^rn
Opent'K expeiues. 128,023.121 26,371,920 27.001,263 22.979,785!23.389.416!20.567,1T0 a consequence, the price of Reading shares yesterdaj
Net eamliura... 110.250.703 10iT83.267 10.831.714 10.2««.127ll0.2ai.l7lil0.457.921 was remarkably well sustained, and the general market
The Baltimore & Ohio was presumably also affected also evinced a firm tone. Louisville & Nashville has
by the Homestead troubles. At all events the character shown a declining tendency through the week, and
of the load's exhibit is much the same as that of the Manhattan Elevated has lost most of its advance of
$156,811 in gross being accompanied by an increase of
$154,679 in expenses, making a loss in net of $311,490.
On the entire system therefore the falling off
in net for the month has been almost seven hundred
thousand dollars actually $693,407, and due only to
variety of circumstances,
—
—
Pennsylvania.
month
AVith gross earnings for the
recording a falling
off
of
$129,194,
increased $39,452, thus causing a loss in net of $168,646.
The whole of the augmentation in expenses, however,
has occurred on the lines west of the Ohio River, and
making
which the policy of
improvements and extra repairs and paying for the
same out of earnings has been carried, it may be noted
as an important fact that the $450,462 gross which the
Western lines are stated to have earned in July 1892,
are reported to have yielded only $18,439 net
that is,
the expenses on these Western lines formed nearly 96
as illustrating the extent to
—
per cent of the gross receipts.
On
last
expenses have
the lines east of the
Ohio $1,639,422 gross yielded $516,460 net, but even
week.
The
to
following gives the week's
and from the interior by the
WmK
.Ending Amriul 26, 1892.
'JurreQcy....... ............>.. ••••-
3014
Total
(foia
andlefcal tenders
movements
New York
Reciittd by
1
of
money
banks.
Shtpptd by
N.r. Banla.\S. r. Bank$.
W«t InUriar
Movement.
sea.ooo
(3,576.000
680,000
f,'<,8ll,000 Iain,
S4,«26,000
«B,80S.OOO Ixw4.«3.S79,0*
3,291,000 Loss. 9,641,000
Result with Sub-Treasury operations and gold exports.
ITMk KiuUns Attixut
26, 180*.
Banks* Interior moTement. as above
^at>-Treas. oper. auil gold oxpts.
Total
(colrt
and legal t,end»rs
r<it«
Out or
.WttOluingtiit
Banlts.
Bankt.
Bank Hotdinn.
$4,326,000
16.800,000
»20.02.1
$6,805,000; Lo.u.f 2.579,000
18,50O.0OOJLoia. 2,700.000
oon WR.30S nnn
ij>.«.««.?7l>
OOO
THE CHRONICLE.
314
The
following table indicates the
n the principal European banks
of bullion mortgages which are a lien on the various Texas roads
week, and at the against the Railroad Commissioners of the State, the
railroads affected being in each case named as co-defendants. Consequently the first question is the one already
amount
this
corresponding date last year.
Auamt
Sutkof
eoUL
referred to, of jurisdiction.
&OUL
TottU
»
nnM
AUQXtat 27, 1891.
25. 1892.
Silver.
a
JB
87,60.1,947
27.605,947
ftWlanO'
66,878,892 51.907,246 118.780.138
80,812,250 12,280,760 49.123,000
A<lt.-HnD>7.
•tbcrlanda..
•t. B'UilniB*
The
Total.
aOver.
roads are State organ-
and if the actions were brought by them they
would have to be brought in the State court. Hence,
the Railroad Commissioners at the outset raise the obizations,
a
26.549.916
26.549,916
64,641,000 50.681,000 106.322.000
31,632,000 16.816,000 47,448,000
6,478.000 16.643.000 22.021,000
7,067,000 ie.SS2,0C0
8,164.000 7,377,000
23,919,000
10,541,000
3,834,000
6.951,000
9,785.000
1,475,667
4,427,000
2,958,607
1,479,33.''
4,438.000
2,961 ,338
[Vol. LV,
jection that the plaintiffs, the trustees
gages, have no right to sue, that the
of the mort-
present proceed-
is collusive and taken under a
pre-arrangement
with the railroad company. Although there is no
• The division (between gold and silver) given In our table ol coin and
bullion In the Bank of Germany and the Bank of Belgium Is made from adjudication of the Supreme Court which absolutely
lie best estimate we are able to obtain; in neither oaee is It claimed to
e aoonrate, as those banks make no distinotiou in their weeltly returns, determines this contention, it would seem as if Judge
merely reporting the total gold and silver, but we believe the division
McCormick's conclusion in upholding the action was
we make is a close approximation.
Note.— We receive the foregolngresults weekly by cable, and while not sound.
The tariff rates involve the mortgagees' inter11 of the date given at the head of the column, they are the returns
Hoed nearest to that date— that is. the latest reported tlgaree.
ests because they are so extreme as to endanger the
solvency of the companies ; and hence the plaintiffs,
tot.thlaw«ek 141,603,422 89,892,663 234,396.085 125,093,683 90.470,338 816,663,916
Tot. prer. w'k 144.133,807 «9,840,998'233,974,80o 125.874,406 90,329,867 216,204.073
TffF
One can
TEXAS BAIL WAY DECISION.
of course give too
much importance
to the
week holding
the State unconstitutional, and yet
decision delivered at Dallas, Tex., this
the railroad law of
the result cannot
fail
to be
highly advantageous to
railway property in that State, since it relieves the
roads for the time being not only from a very unjust
ing
who
are residents of another State,
and hold
in
trust
for the mortgagees the lands, roads, franchises, etc., of
the railroad company, have a right to bring their action
in the United States Court.
Assuming then that no difficulty will be found in
reaching a satisfactory conclusion on the question of
jurisdiction, the whole subject of tariff rates and their
method of adoption by the Texas Commissioners will
and burdensome rate tariff which the Eailway Commis- come before the court. The prayer of the complaint
sion had adopted, but from all interference in rate is in brief (and the injunction now obtained is as broad
matters on the part of the Commissioners.
To be sure
is only a decision of a circuit judge on affidavits,
>nd hence the matter must now be tried on its merits.
After that has been done and a decision reached, no
4his
doubt the case will go to the United States Supreme
Court before the right or wrong in the comprehensive
determination by Judge McCormick will be finally
settled.
Nevertheless
it is
are for the present
great gain
to
as the
petition) that the Railroad Commissioners be en-
joined against putting any
that
all suits
tariff of rates
on the part of individuals
into operation,
for
penalties
against the roads for violating the law etc. be restrained,
and that the
railroads be enjoined against adopting the
existing or any other rates the Commissioners
may
Such an injunction puts an absolute stoppage
upon all work under the Railway Commission Law and
In
the roads that they leaves the Commissioners without an occupation.
issue.
and until the determination of the that broad shape
it
can be sustained only on the sup-
before the District Court not subject to the Commissioners' control, and are free to make and obtain
just and reasonable rates. Moreover, it may take a year
position that the law
or two years before the trial of these actions on their
merits is concluded, during which the present situation
made and
trial
remain unchanged; and then if the District Court
aflSrms the decision so far as to continue the injunction
in the general form now granted, the roads will
have a
will
longer relief
is
unconstitutional.
The com-
plainants' proceeding will therefore assume hereafter a
two-fold character
— one against the
the other against the law
tariff rates
itself.
already
To
estab-
the latter and broader position Section 5 of the
Texas Statute is referred to. We quote it in full as it
appears in an official copy of the Statute.
Sec. 5. In all actions between private parties and railway
companies brought under tliis law, the rates, charges, orders,
rules, regulations and classifications prescribed by said Comlish
—
pending a further appeal. What the
decision of the United States Supreme Court will
be mission before the institution of such action, shall be held
conclusive, and deemed and accepted to be reasonable, fair
only the event can determine. But if that
court and just, and in such respects shall not be controverted
sustains the conclusion of the circuit judge
on the therein until finally found otherwise in a direct action brought
for that purpose in the manner prescribed by Sections 6 and 1
question of jurisdiction, it would seem hardly
possi- hereof.
ble that a wholly unfavorable result on the
other points
The foregoing section considered by itself and in the
raised should be rea«hed; not that the
decision will light of the decision
of the Supreme Court of the
necessarily be as sweeping as Judge
McCormick's con- United States in March
1890, in the actions against the
clusion and declare the Texas law
unconstitutional, but Railroad and
Warehouse
Commission of Minnesota,
that it will at least set aside the rate tariffs
heretofore would seem to be unconstitutional.
In the actions remade, which we think are more unjust
and harsh in ferred to, one of which
was brought by the St. Paul
character and rough and arbitrary in
the manner of Road, and is known
as the milk case, it was established
preparation and issue than any schedule of
rates we that a State neither directly
nor through a commission
have ever known. Furthermore, whatever
be the final can prescribe rates
of
freight
which railroads must
outcome of the actions, a sure and
permanent gain adopt regardless of whether
those
rates are reasonthat the roads will reap will be the
time this litigation able or
unreasonable;
and
that
the
legisState
will occupy, and therefore the
opportunity which will lature
cannot forbid judicial inquiry respecting the
be given for a new and better
sentiment to develop in
action of the laws it may pass affecting any of the
Texas. And in that respect the
situation is full of
property within the State. The above Section 5 on its
hope, for there has been a decided
advance the past
face appears to declare that the decisions of the com^
year.
As our
-•everal
readers are aware, these actions
(for there are
of them) are brought by
the trustees of the
mission shall be operative whether just or unjust,
whether reasonable or unreasonable. It reads that the
charges, orders, etc.,
it
makes
shall be held conclusive.
AC0C8T
THE
87, 189a.J
CHRONlCLfc'.
315
be accepted us rotisonablo and juat, and shall lishment of rate?, orders," Ac; and then by Section 5
until formally set aside in an these " regulations" as well as the "rates, orders, "Ad,"
In the meantime, are to " be held conclusive " and to be " deemed reason'
action brought for the purpose.
shall
not
be controverted
bpforo and even while such a proceeding to set aside able" until "finally found otherwise" in an action
an unreasonable tariff or an unreasonable order is brought for that purpose. Thus Section 4, as will be
dragging its slow course through the court?, a rail- seen, fits into, is a part of, and furthers the arbitrary acts
road may be deprived of its property in suits of Section 5 instead of modifying the last-mentioned secbased upon unreasonable regulations, without being tion. Indeed we can hardly think any unprejudiced perpermitted to interpose a defence, and hence to that son can read these two sections without being satisfied
extent it is deprived of its property without due pro- that they were framed with the purpose of squeezing
Its answer to a suit brought for a penalty the roads to the utmost limit, compelling them to
cess of law.
for not adopting the Commissioners' tariffs may be carry freight below cost, and leaving them without the
complete and beyond dispute under the principle means of defence. Is it possible that property fixed in
as a State can be so placed by statute ?
established by the decision in the St. Paul case
would have been the answer of the Texas roads against
any action based on the rates put in force by the ComTHE CANADIAN TOLL QUESTION.
missioners and yet by the terms of this section the
roads are absolutely forbidden to set up such an answer,
Disregarding entirely the dictates of national feeling
—
—
another proceeding,
it is specifically
and seeking
to take a wholly impartial view of the
appears to us that President Harrison has
State has the power to enforce such a statute, we cannot acted conservatively and wisely in the step he has taken
see why the confiscation of all property is not lawful.
concerning the question of tolls on the Canadian canals.
until, forsooth, in
established
that
it
constitutes a good defence.
If a
matter,
it
It has been claimed that Section 4 of the law modifies Indeed, all things considered, it is difficult to see that
Section 5 by forbidding the establishment of any rate any course was open to him except to impose tolls on
until the company affected has had notice and there Canadian shipments through the "Soo" Canal so long
That we as the Dominion Government insisted on its policy rehas been a hearing respecting the same.
think is not a fair construction of the Statute. There garding American shipments through the Welland
is nothing in Section 4 which gives the railroads any
Canal.
absolute right to conduct a defence, or really to try the
issue of
the reasonableness of rates.
To be
sure
it
is
"company shall be entitled to be heard
such time and place, to the end that justice may
^' be done,
and it shall have process to enforce the
" attendance of its witnesses." But the next portion
of the section confers upon the Commission such powers
to make rules and regulations governing the proceed-
stated that the
"
at
ings that
it
virtually nullifies
the previous provision.
Practice under the section has also accorded with this
construction.
We
give the section in full.
Before any rate shall tie established under this act, the
shall give the railroad company to be affected
thereby ten days' notice of the time and place when and
where the rates shall be fixed and said railroad company
shall be entitled to be heard at such time and place, to the end
that jusiice may be done; and it shall have process to enforce
the attendance of its witnesses. All process herein provided
for shall be served as in civil cases.
(o) The Commission shall have ix)wer to adopt rules to govern
its proceeding?, and to regulate the mode and manner of all
investigations and hearings of railroad companies and other
parties before it in the establishment of rates, orders, charges
and other acts required of it under this law; provided, no
person desiring to oe present at any such investigations by
said Commission shall be denied admission,
(6) The Chairman and each of the Commissioners, for the
purposes mentioned in this act, shall have power to administer all oaths, certify to all official acts, and to compel the
attendance of witnesses and the production of papers, wayr
bills, books, accounts, documents and testimony, and to punish for contempt as fully as is provided bylaw for the District
or County Court.
Sec.
4.
Commission
:
In disputes between nations as between individuals,
may seem natural to take the side of those with
whom we are identified by relationship, feeling or interest.
In fact, not infrequently " love of country,"
as we term it, blinds us to all sense of right and makes
us ready to defend and approve any and all acts which
those in charge of our national affairs may see fit to
undertake.
But we are persuaded there is a large and
growing number of persons especially among the business community
who are not influenced in their views
in that way, who desire no advantage for their country
save such as is founded upon right and justice, and
who after a study of the facts are as prompt to render
a verdict against their Government, if circumstances
warrant, as one in its favor.
In any event that is the
attitude which should be assumed in such cases.
In
it
—
—
other words, in seeking to interpret treaty obligations,
the basis of construction should be such as to
itself to fair
way
it
strikes us the position of
is
What
in this
the United States
obviously correct, while that of the
ment
commend
and unprejudiced persons. Viewed
is
Dominion Govern-
clearly untenable.
They are fortunately
are the facts of the case ?
By
of the Treaty of
Washington, concluded in 1871, provision was made
" to secure " we will quote the exact language of the
Treaty "to the citizens of the United States
We do not know who drew the above provisions, but "the use of the Welland, St. Lawrence and other
the words '' to the end that justice may be done " put in " canals in the Dominion on terms of equality with the
the foregoing in connection with the provisions follow- " inhabitants of the Dominion," in return for which
ing those words which prevent justice being pbtained privilege the use of certain of our own canals, like the
by any one of the victims brought to the bar by these "Soo" or St. Mary's Falls Canal, was granted on simiCommissioners, appear really to have been inserted as lar conditions. The language, it will be observed,
a sham and a mockery.
How unsubstantial the pro- plain and unequivocal, and hardly appears capable of a
fession of justice is may be further discovered on look- double construction.
It says that the citizens of the
ing at this section in connection with the restrictions of two countries shall have the use of the Canadian canals
not
in
—
dispute.
article
'37
—
For while the Commission according "on terms of equality." And yet the Dominion Goternment while charging a toll of 20 cents per ton on
as stated is reserved under subdivision (a) of that shipments through the Welland Canal, both to Canadian
section to " regulate the mode and manner of all in- and to American shippers, allows a rebate of 18 cents
vestigations and
"in the estab- on shipments to Montreal for export, and on tran«hearings " * *
the fifth section.
to Section 4 are to give notice to the railroads, the right
THE CHRONICLR
«316
fVoL. LV.
shipments to the same port if the point of trans- shipment is within the Dominion, but does not allow
such rebate on products shipped to ports of the United
if
States, nor even on products carried to Montreal
Canada had done he would accuse it of having cut
and act accordingly. That is really the situation
in a nut-shell.
The Dominion authorities were early
informed of how the United States regarded, the
The
trans-shipped at a port of the United States.
the
effect of this action is as clear as the language of
granting of rebates to Canadian shippers. Neverthethe Canadian Government, by an order in council
last April, re-enacted the system of rebates. It was then
Treaty which forbids it. It means that Canadian shippers are taxed only two cents a ton on shipments
through the canal connecting Lake Erie with Lake
Ontario, while American shippers must pay a tax ten
times as great that is, must pay the full toll of 30
—
rates,
less,
that President Harrison sought authority of Congress to
impose tolls on Canadian shipments through the St.
Mary's Falls Canal, which is owned by the United States
just as the Welland Canal is owned by Canada. Congress
The purpose and object of the rebate are of granted the authority requested, and in the act passed
course obvious. The intention is to influence ship- for that purpose it was riiade the duty of the President,
ments through the St. Lawrence River, and to promote if he thought existing arrangements reciprocally unjust
and unreasonable, to suspend the right of free passage
the Canadian export trade.
The Dominion Government have acted on the idea through the canal. Under that act be has the power
that the obligations implied in the agreement to allow to absolutely prohibit shipments through the canal on
of the use of the canal "on terms of equality " are met the part of any nation discriminating against the
when the gross tolls are made the same for Canadian United States, and he can impose a toll of as
At the same time much as two dollars a ton and of five dollars upon each
shippers as for American shippers.
they seek to gain an advantage for the Canadian passenger.
In the exercise of the discretion vested in him the
shipper by refunding the greater part of the original
toll on his freight while refusing the same drawback to President has imposed a tax of only 20 cents a ton,
the American shipper. Thus they have undertaken to being just the amount of the tolls imposed on shipaccomplish by indirection what they apparently recog- ments through the Welland Canal. Tliis tax is to go
nize cannot by the terms of the treaty be done into effect the 1st of September, and it has been intidirectly.
Now there is no principle of law so well mated that it is to run concurrently with the rebate
that
courts will not permit the doing of a system on the Welland Canal.
As to the extent of the
settled as
thing by indirection which is expressly forbidden by movements of freight in the Welland and " Soo
statute, or which the statute intended should not be canals, the shipments through the Welland Canal for
done. But disregarding altogether the legal formulas the season of 1891 were not quite a million tons
which would apply in such a case, the point of prac945,239 tons of which 661,687 tons were east-bound
tical importance is, that notwithstanding the require- and 283,552 tons were west-bound.
Of the east-bound
1 lent
of
"terms of equality," American shippers tonnage, American vessels carried 399, liO tons and
cents.
—
are discriminated against to the extent of 18 cents a
ion as compared with the Canadian shippers,
who
get a
Canadian
;
vessels
262,547 tons ; of the west-bound
were carried by American vessels
freight, 247,543 tons
Some of the Canadian papers and 36,009 tons by Canadian vesels. It has been stated
have referred to the fact that Canadian citizens do not that the use of the Welland Canal by American vessels
have the use of our New York State canals 'and the had very greatly increased in recent years. In a sense
navigable waters of the Hudson, and also that this is true, and yet the statement is misleading.
The
Canadian vessels are not permitted to trade between volume of freight through the canal, both Canadian
United States ports, but these are matters entirely for- and American, in any given season, is governed largely
eign to the question, and have no bearing on the inter- by the size of the crops and the state of railroad compretation of the provision guaranteeing " terms of petition.
Hence it happens that while the shipments
equality." An attempt has been made to show that in 1891 were much larger than in 1881, they were at
the " terms of equality" are secured in the fact that the same time very much smaller than in 1871, twenty
rebate in that amount.
an American vessel equally with a Canadian vessel years ago. As regards the shipments through the
might carry grain to Montreal and get a rebate, while a " Soo " Canal, the Canadian vessels have only about 3^
Canadian vessel equally with an American vessel having per cent of the aggregate; but this aggregate is over
trans-shipped its cargo at a United States port would nine times as large
as the shipments through the Welbe deprived of the rebate, thus ensuring equality land, having reached in 1891 8,888,759 tons.
of conditions in these respects between vessels of the
It appears to us that the great mistake the Dominion
two countries.
This, however, simply evades the authorities have made all along is that they have paid
main question; it admits that advantages accrue too much heed to the talk in the papers alleging
from the rebates, but undertakes to bring the rebates
partisan motives and have in this way been led to
in harmony with the provisions of the Treaty of
Wash- overlook the inherent soundness and correctness of the
ington by declaring that American vessels can
obtain position of the United States.
The way is now open
them— by doing, what ? By carrying to Canadian ports for correcting the error, and, as we conceive, without
instead of to American ports.
If this is not a discrim- the loss of national dignity and self-respect.
The new
ination against "citizensof the United States"
and a tolls do not go into effect till the 1st of September.
Tiolation of the " terms of equality" guaranteed,
it is The Canadian Government have already announced
what action could be so characterized.
their intention of abolishing the rebate system at the
action on this question impresses end of the season.
Why not abolish it at once, before
the ordinary observer is perhaps best
expressed in the the St. Mary's Falls Canal tolls become effective, thus
language of President Van Home of the
Canadian removing the reason for their imposition? We think
Pacific.
In a published interview Mr. Van
Home is such a course would be in the interest of right and jusrepresented to have said that while he
had no opinion tice, would demonstrate that Canada had proper regard
to advance as to Canada's legal rights
under the Treatv for treaty obligations, and at the same time would be
of Washington, if
competing road should do as good policy from
a Canadian standpoint.
difficult to see
The way Canada's
AcauST
THE CHRONICLE.
87, 1893.]
317
ing the six years to 1879 and the second the thirteen
Tho first period covered a time, oa
ROAD.
already said, of extreme depression in all business interAs reflecting tlio course of traOic and income on an ests, and the effect on the traffic and earnings of the
important Now Eoglancl road, tho annual report of the Boston & Albany was marked and striking. Starting
Boston & Albany, recently issued, for tho fiscal year end- with $9,798,032 gross in 1873, the total dropped year
ing June 30 1892, deserves carefal study. The results in by year without interruption, till in 1879 it amounted
We naturally look to tho decline
this case are perhaps especially interesting because the to only 16,427,463.
Boston & Albany possesses more points of similarity to in rates as the explanation of this heavy falling off ia
the railroads in other sections of the country than most income, and find that from about two cents per ton per
It has a considerable mile in 1873 the average had dropped in 1879 to but
of the New England roads.
But there was
through traffic, receives only low average rates, and little over one cent per ton mile.
changes in crop conditions in the West have a more or also a coincident decline in the volume of certain kinds
Com- of traffic. Thus while the equivalent of the tons of
less direct effect on its business and earnings.
parative stability of income is supposed to be the rule freight carried one mile rose slightly say about 2^ per
from 1873 to 1879, the number of tons of eastin the New England section, but the Boston & Albany cent
(where
a
period
pronounced
bound freight (through and local) decreased from
shows fluctuations only less
than
some
mean)
of
covered
we
2,133,776 to 2,103,876, and the number west-bound
of a decade or more is
reason
is
and
the
roads,
Western
from
750,754 to 634,221 tons. The passenger movelines
and
the trunk
CHANGES OF TRAFFIC ON A NEW
years since, then.
ENGLAND
—
—
found
in the fact
ment
mentioned.
also
declined, the
number
of
passengers
(alj
We may
note to begin with that the road's gross classes) falling off from 5,757,624 to 5,199,160.
The second period beginning with 1879 starts thereearnings in the late year were the largest in the history
That may not impress the reader as a fore from a much lower basis and under totally different
of the company.
very striking occurrence, seeing that with many of the conditions. While there have been considerable fluclarger and more prominent companies in other sections
of the country the record in this respect is broken year
But
after year.
in the case of the Boston
& Albany
tuations in income during the thirteen years since then,
may be said that on the whole the period has been
one of progress towards higher totals. As against the
$6,427,463 gross for 1879, the gross for 1892 we have
it
the best record hitherto had been that made nearly two
decades ago, namely in 1873. In that year total gross
already seen was *!9,8G3,316, an increase
was
million dollars, or over 50 per cent, which
earnings amounted to
not again reached
aggregate
fell
till
$9,798,032, and
1891-2.
Even
this total
in 1890-1 the
nearly six hundred thousand dollars short
of that for 1872-73.
In the late year, with an addition
of 647 thousand dollars to
the gross receipts, in part
as the result of the large crops in the West and the
heavy export movement to foreign ports, and in part as
the result of the steady growth in local trafiic and in
passenger business, the 1872-3 total was at length
passed, the gross receipts reaching |i9,8G3,316, which*
however, it will be observed is only about 05 thousand
of the year in
dollars larger than the total
As
far as the net earnings
far
from being the
question.
are concerned, the 1892
largest
—has
indeed been
result
is
many
times exceeded; but that fact has no special sig-
nificance, as it is well
known
that the Boston
devotes substantially the wTiole of
its
& Albany
income over and
above the amounts required for dividends and charges to
improving and strengthening the physical condition of
the property, the cost being included in the expenses.
Only in the late year heavy and important expenditures
of this kind were made without any "charge to con-
—that
is, came directly out of earnings.
should have taken a strong and well-managed
road like the Boston & Albany, with the best of facili-
struction"
That
it
of nearly
is
siderable addition even for a period of 13 years.
increase appears the
marked deviations
interval.
The
very important.
desirable
years apart
The
in view of certain
in traffic which have occurred in the
alterations in tho average rates realized
during this period,
is
more notable
3^
a not incon-
it is
To
proper to state, have not been
bring out the changes in
to consider the first
from the remainder
two or three
traffic
it
of these
period.
These
heavy crop?, a large
of the
early years covered a period of
export demand, and an era of great prosperity following the resumption of specie payments. As a result
of these favoring conditions, the Boston & AlbarTwas able to increase not only its local traffic but more
particularly its through traffic,
and
in a
very decided
manner. A few figures will suffice to make this clear.
In the fiscal year 1879 the through freight westward
from Boston to Albany was only 110,110 tons; three
years afterward in 1882, we find it more than doubled,,
The through freight eastward from
or 223,620 tons.
Albany to Boston rose from 785,388 tons in 1879 ta
1,001,536 tons in 1881, dropping, however, to 764,307
tons in 1882 with the general crop failure of
1881.
In these early years, therefore, the growth in through
and excellent connections, a period of nineteen traffic was an element which contributed very largely
years to get back to the position as regards gross income to the improvement in income that occurred at that
held in 1873, is evidence of a change in the sources and time. After that, however, a change took place, the
courses of traffic, and the conditions underlying the local traffic growing very rapidly while the through
same, which will bear a few moments' investigation. It traffic fell off. Whereas in 1882 the through freight
is obvious of course that the initial year in this comwestward between Boston and Albany aggregated 223-,
parison was a very exceptional one; it was the year of 620 tons, in 1892 it amounted to only 147,561 tons,
the financial panic, the culmination of a period of infla- and while in 1881 the through freight eastward between
tion, of high prices and of extravagant living.
It was the same points was 1,001,536 tons, in 1892 it was^
succeeded by six years of shrinkage and contraction of only 916,078 tons.
On th? other hand the local tonfrugality and economy during which traffic and income nage has advanced with rapid strides, the east-bound^
fell off and rates declined, the hard times being checked movement increasing from 1,575,788 tons in 1882 to
only with the resumption of specie payments in 1879. 2,241,434 tons in 1892, and the west-bound from 851,The nineteen years from 1873 to 1892 may therefore 614 to 951,502 tons. In a word, while the through
properly be divided into two periods, the first compris- tonnage has been falling off (there was a further fallties
—
THE CHRONIGLK
318
[Vol. LV.
England roads, the passenger revenues on the
the west-bound through freight even in the
Boston & Albany may some day exceed the freight
mountsteadily
been
has
tonnage
late year) the local
revenues.
the
for
Competition
totals.
larger
year
to
ing year by
ing
off in
through business to and from the West has very greatly
increased during the last decade, various new routes,
PROGRESS OF CHESAPEAKE & OHIO.
both by rail and water, having been opened, so that
That the Chesapeake & Ohio has undergone marvelthere are now more lines among which to divide the
also
transformation during the last few years, since the
ous
management
business.
The Boston A Albany
excesmanagement has taken control of the property,
when
new
policy
appear to have considered it good
a
to
traffic
has
been
many times pointed out in these columns. But
through
on
the
Bive rivalry reduced rates
up the least desirable por- each new report furnishes additional evidence of the
and devote themselves to the fact and further testimony to a most striking record of
growth. In the annual report just issued for the year
development of the more profitable local business
with what success we see illustrated in the figures ending June 30 1892 there is a little table that tells
non -paying
basis
to yield
idons of the business,
the story of progress in a very graphic way.
already cited.
It
appears
the road been able to maintain its through from this table that during the last three years gross
freight on the basis of the movement of the years 1881 earnings have risen from only $5,290,000 to $9,004,599,
and 1882, the gross earnings would long since we may and net earnings from $900,000 to $2,272,867, the lat-
Had
presume have passed the 1873 mark. As it is, even with
the great growth in the local tonnage, freight earnings
for 1892 are much below what they were twenty years
ago.
For it must be remembered that though in
volume the local freight has been increasing very many
times faster than the through freight has been decreas-
ter
ing, yet the local freight is hauled comparatively short
fell
an increase of 150 per cent.
And
this notwith-
standing that expenses for 1892 were charged with
very heavy amounts for improvements and repairs.
Notwithstanding the same
fact, too, the
of ex
ratio
penses to earnings has diminished in the three years
from 83 per cent
to 75 per cent.
In 1889 net earnings
$350,000 below the requirements for interest,
distances, while the through freight, on which the loss rentals, &c.; in 1892, though the total of these
has occurred, is hauled comparatively long distances. charges had increased considerably in the interval, net
The effect is shown in the fact that whereas the num- earnings exceeded the requirements in amount of almost
ber of tons of freight moved (all kinds local and four hundred thousand dollars, even after providing
—
through, east-bound and west-bound) has since 1881 for the heavy outlays for improvements, &c., already
increased from 3,593,923 to 4,356,575 tons, or say 20 mentioned.
per cent, the increase in the tonnage movement has
Such results are especially gratifying because, owing
been only from 417 million ton miles to 446 million
ton miles, or less than 8 per cent. With this increase
in the tonnage mileage, while the freight earnings for
1892 at 14,725,912 are better than in any of the last 18
years, they are half a million dollars below the total
for 1874, which was $5,283,599, and 1^ million dollars
below the total for 1873, which was $6,221,183, and
also below the total for 1872, which was $5,846,768.
The reason for the difference is found of course in the
very much higher rates on freight which prevailed in
to the nature of its business, the road
only very low average rates on
its
is
able to
freight
realize
—in
fact,
low that the road is distinguished in this
respect almost beyond any other road in the country.
rates
A
so
large proportion
coal
moved
Cincinnati.
of
the system's
traffic consists of
either eastward to tidewater or westward to
On
the seaboard coal the road realized a
somewhat better average in the late year than in the
year preceding, and yet even after this improvement
the rate was no more than 3 '44 mills per ton per mile
the earlier period.
that is, only a little more than one-third of a cent per ton
Having reached this point in our analysis it becomes per mile. The agency coal also shows a somewhat better
evident that there has been a marvelous growth in the average than for 1891, and here the rate was less than
passenger traffic; and considering what superb service half a cent per ton per mile, being only 4'75 mills. On
and accommodations the Boston & Albany furnishes, the commercial coal on the other hand, where the rate
and what a densely-populated territory it has to draw per ton mile in 1891 had been 5 -19 mills, there was a
npon, this is not surprising. Prom $3,015,376 in 1874 very marked decline, the average for 1892 being only
the passenger earnings declined to $2,165,699 in 1879, 4"46 mills.
Even on its general merchandise freight,
but have now risen to $4,018,100, being an increase of local and through,
the company received an average of no
nearly 100 per cent in thirteen years.
There have been more than 6-12 mills, which compares with 6-55 mills
only two years in the thirteen when the passenger
for 1891.
The decline follows from the policy of the
revenues failed to record an increase. In the numler
management in seeking to foster the growth of local
of passengers carried there has been an increase in
each industries by granting low rates.
On merchandise and
and every year. Under this expansion In the passenger
coal combined the average was but 5-18 mills, against
Dusiness the difference between the amounts of revenue 5
'25 mills in 1891. In a word, taking the entire freight
derived from freight and passengers has been
very tonnage, the rate was only a little in excess of half a
greatly reduced.
In 1872 the passenger earnings were
•2,880,883 and the freight earnings $5,846,768, a difference in favor of the latter of about 3 million
dollars;
in 1882 with the pa«senger earnings
$3,014,160 and the
freight 13,984,132, the difference was
reduced to
than
a
million;
in
1892
with
less
passenger earnings
14,018,100 and freight $4,725,912, the difference
was
but httle more than $700,000. It is
proper to state
that
1891 the difference had been even
smaller
being not quite half a million.
It seems not unlikely that, as is the case
with some other New
m
cent per ton per mile.
How the company does a paying business at such
very low rates is evidenced by the fact that the average
freight load was further increased in the late year, and
has
now reached
This
the high average of 268 tons.
only six tons less than that on the Lake
Shore for the calendar year 1891. A road must be in
good condition to haul the heavy loads which this aver-
average
is
age indicates, and the fact that the Chesapeake
is
able to
make such a
standard to which
it
record
is
&
Ohio
proof of the very high
has been brought 'in
all
depart-
J
AUO08I
THE CHRONICLE.
27, 1893.]
319
mente of the scrvioo. The road moved altogether in
IMPORTS
FOR JULY.
1892 4,558,804 tons of freight, against 4,106,103 tons
The Bureau of Stntistica has issued its detailed xtatoment at
in 1891, and the tonnage mileage was 1,392 millions, the foreign commerce of the country for the month of Jul)'
The passenger business also 1893 and 1891, and for the seven and twelve montbB ending
against 1,136 millions.
the number of passengers July 31 1892 and 1891, as follows
increase,
shows noteworthy
AND EXPORTS
:
MKKOUANDIRB.
carried having risen from 1,693,073 in 1891 to 1,943,483 in 1893, and the number one mile from 81,908,154
President Ingalls well says that the increase in passenger traffic and in local freight is the
more satisfactory in view of the entire cessation of land
For the
For the 7
for/A«12
month of month! endeaimontht endtd
and industrial speculations which constituted such an
important feature in the industrial history of the South
two years ago. He states that nearly all the enterprises
on the line of the road are on a sound footing ; also that
notwithstanding the dulness in the iron trade the company handled a much larger tonnage in that staple in
1893 than in 1891, and, furthermore, that all the furaaces local to the line are to-day in operation.
The late year was in many respects a very important
•ne.
It
marked the
Lexington
&,
Kentucky &
tions
acquisition of the Elizabethtown
Big Sandy, the Ohio & Big Sandy and the
South Atlantic roads, the results of opera-
on these roads, however, not being included in the
Juty 31.
Juty.
to 87,703,539.
July 31.
1892.— Exports— DufflesUo. .
$57,316,910 $528,349,988 $101 1277612
1.03H.320
Foreign
U.a'i6.87g
9,15 8.195
9&8,3Aft,23U $537,508, 183'$102596448!S
Total
71,373,1S0 503 a OI,!53 5 831,734,481
Imports
$34,406,648 $194,230,06A
Excess of exports over imports
Excess of imports over exports 13,017,980
189 1.— Exports—Domestic.
$61,770,509 $474,405,127!$880,362,70«
7,648,217
12,312065
898.384
Total
(62,668,893 $482,053,341 $^92^704,871'
67,042,035 4»9,68%.057 834,39 8.927
Imiwrts
Excess of exports ovorimports
$58,305,944
Excess of Imports over exports $4,373,142 $17,634,7131
Foreign....
j
aoLD USD BILVEB—COIN AND BULLION.
1 892.—Exports—Gold—
Dom
$10,414,188 $46,.^32,504
338,450
5,819.284
Total
$10,782,638 $52,351,7*8
BUver— Domestic... $1,069,088 $10,887,794
Foreign
964,902
5,93 6,482
Total
2,033,990 $16,824,276
Total exports. ... $12,810,628 $69,176,064
$542,440
$8,o78,04S:
Imports— Gold
1,437.982
SUver
9.543,55^
Total
$1,980,422 $18,121,601
Exoessof exports over Imports $10,836,206 $51,054,463
Excess of Imports over exports
$47,1*09,176
Foreign
•.506.118
$54,315,291
$17,185,980
1 5,»97.8»5
$33,183,815
$37,499,108
$49,212,748
19.487.92g
$63,700,673
It also marked the retirement of the
$18,798,484.
and second preferred stocks (91 per cent of the
$5,956,364 $75,364,222 $79,239,680
whole having accepted the exchange up to August 30) 1891. Exports—Gold—Dom
706,310
Foreign
1,758.85(5
1,925,61>
and the making of a new 4^ per cent mortgage large
Total
$6,662,674 $77,123,07S^ $S 1,165,29ft
$648,175
Sliver— Domestic
$6,621,719 $12,433,610
enough to provide for the present and future needs of
Foreign
1,012,559
4,711,621
9.0 15.765
the company. Four million dollars of the new bonds
Total
$1,660,734 $11,333,340 $21,449,375
Total exports
$8,323,408 $88,456,418 $102,614,674
were set aside to cover new construction and equipment
$1,029,14B
Imports— Gold
$1,335,412 $18,066,661
work lor the immediate future. Counting full interest
Silver
1.905.142
1 8,646,0448,248;377i
Total
$2,934,2U0 $12,583,789 $36,712,70$
on these the charges for the current year are figured at
Excess of exports over imports $5,389,118 $75,872,629 $6Sl,901,969
The Chesapeake & Ohio proper in the late Excess of imports over exj)ort8
13,880,000.
TOTAL MEUCUANDISU AND COIN AND BDLLION.
year earned, we have seen, about 19,000,000 gross and
1892.— Export*— Domestic
$68,830,186 $595,770,280 $1076272767
But, as has already been
about $3,375,000 net.
Foreign
2,341,672
20,913,961
3 7,190,824
Total
$:i.l7i,S5S $006,684,247 1113,463,591
stated, in arriving at this net there was included
year's earnings.
first
.
in operating |expenses a very large
sum
for extraordi-
nary outlays for improvements, etc. In view of the high
now reached and the provisions
made for additions to equipment, etc., it is thought
standard of efficiency
that such items of expenses will only in small part be
necessary hereafter, and that on that account at least
half
a million dollars can be
added to the
total of
net
Imports
Excess of exports over imports
Excess 01 imports over exports
At the same
believed that the newly-acquired lines in
can be relied on for a
minimum
time,
it
is
$68,375,048 $.536,391,068 $972,035,99«
2,617,253
1 4,118,694
23,283.549
$70,992,301 *570,509,762 $995,319,545
Imports
69,!)76.325 512,271,8 46 871.111.632
Excess of exports over imports $1,015,976 $58,237,916 $124,207,91*
Excess of imports over exports
Foreign
Total
IMPOaiS AND EXPORTS BX PKINCIPAL CCSTOM8 DISTBICTS.
IHPOBTS.
traffic of
the system.
for the future
and there would appear
to
be good grounds for the hopeful view taken. The
company has about fifty miles of branches under construction,
the
and which
it is
the road
expected will add largely to
moreover, with the acquisition
of the lines in Kentucky the road now operates 1,193
traffic of
;
main track and branches, besides 106 miles
it has trackage rights and 16 miles of water
line between Newport News and Norfolk,
It owns,
moreover, we are told, 13,000 freight cars, 194 passenger coaches and 356 locomotives. With such an extensive property and with the road hauling au average
freight train load of 368 tons and able to produce profmiles of
over which
itable results
Imports.
Bxportt.
aalttmore,M<l.
Boat. & char-
1,757,880
I
8,590,383
leat'irn.SliMB
B,2t»,»S9
of
The management regard the outlook
as being quite encouraging,
Ports.
Kentucky
$350,000 net per
annum. This would give altogether over three millions of net as against the $3,880,000 of charges, without allowing for gains to result from the improvements
now being made and the further development of the
on an average freight rate of only a little
over half a cent per ton per mile, the prospect certainly
does wear a favorable look.
900.435.093
$85,461,111 $213,028,498
$2,181,714
1891.—Exports— Domcstlo
earnings for the late year in estimating the earning
capacity of the property.
73,35a, 60.!| 521,223.136
Brunswick, Ga
BQir»loCk,N.Y
CIlampl'n.N.Y
8,809,105
171.4V9
2HA717
73,44CI
378.881
2».0r3
281,809
Charleat'n, 8.0
ChlcMClli....
l.K>\&a
383,881
On
210,93«
145.687
ii'o'.Btii
!iil,a-ii
5^4,144
211,75'
S!»,4li7
2'J7.niO
Oinolnnatl,
Corpus Ciiristi
D«trolt, Mich.
Doluttl, Minn.
Oalvest'n.Tex
Huron, Mich..
Mllw'ltoe,Wl».
MlQn'a'a,Mlnn
Mobile, Ala...
New Orl'ns.La
Newp't News.
New york.N.V
Nla(W»,N.Y..
Norrit,«-a.,*a
OreKon.Oreg..
OsweKa'le.N.r
Oiweno. N.V..
Pensaoots. Fla
Phlladera, Pa.
Portld.io.Me.
PuitetSVi.Wa.
Rloum'iicl, Va.
San Fran..C»l.
daraonah, Qa.
Veroioot, Vt.
Willamette.Or
Wllmlgn.lif.C.
Totals,
Sl^.Vil
ISO.OO.I
Exports.
7 fiumtlu ending
July 31.
7 monthi ffuHmi
1892.
1892.
1891.
isei.
«
8,730,977
12,808,61t
57,189,668
43,473,158
3,964
2.026,893
1.875,209
46.280.197
52,245.4a3
1«5.07.^
8.689,8»tf
1,418,783
1,828,103
1,850,85'
148,909
.•1.893
i.O'ii.vas
1,917,785
488.01;
7,344.877
1,889,741
S7,7S6,t7S
4e,29e,e8>
1,854.78-1
8.483.871
318.3801
388,010
1,474.329
1,408, 16«
4,781>,180
9.877,888
1.148,310
1,477,681
l,561,87i'
8,3Si.l!ii
2.^.604
l,883.80f
37.83,
8,810.515
1.112.873
9.784,8.«
5,080,556
118
147.781
1,427.995
78.60i,871
850
884.519
4ii0,578
1,101,011
1,11I»,0J0
418,v>8l|
1,886,084
887,877
b-<.78«
JuluSl.
3.094 .67«
828,881
10 899.28*
3,981,610
!Wi,788
518.3111
S18.14S
143.897;
89,343
1.318.700
11,800,77V 14,02i,8l6
57 381,478
iMiV 397.K14
10I.043I
30.857
7.1137,906
8,088 054
4B,45«.li.-)« i\-M.i.>:1.i 318.480.7.9 309,060,^74 288.8-W.813 198,3^,840
1,887.8J1
2«».ll0t!
1,595,308
b I.OIU
6 M.Mi
6 88.11*
851
227.874
8,859
18,831
4.685.989
«.«tfi,W*
12J,K11
101.188
3l!,49l
8,787
600,631
1.07H,813
990.918
8S8.3JJ
7.3,793
1 73,390
1,003.180
918.347
4IH,I»»
754,118
1,827.086
141,871
„96e.i8«
10.814
83,088
8,078.881
188
;6a.471
2,093,96*
7.14».l«'l 4.3..H.53! 38.085,510 39.934.883 37,130.608 *0.147,IM
580,803
1.8IS,3«i
846,378
8.880. in
41,0m
81.398
74,10tl
299.357
2,480,869
334,894
17B.511
«.53«,01l
3».«:i7
9.306
5,U»
1J17S.157
8.588.117
70.399
1,707,389
8,'12a.«18
300,756
2.W)«,»B4 1,749.498 28.735.087 83,571.079 16.466.786 ?^g"'ii*
899.8o3
181,683
8,134.4«8 11.881.831
V.OM
541.731
2,8S7.B«»
8.8eW.8Sl
g.950,9M
l.S9l,a97
393, t5U
4.%.I87
S,l(«.9>«
711,073
8,698,SU
81,789
1M1,.S02
''S'-'S^
183.996
1,361.978
108,861
8.734340
206,389
4,615
114,750
H9,477
15.15-1
15l!.931
8,1185.818
2.I0».Sil
(lu-
oludlni all
otli'r mats.) 71.873.180 SH.385.8afl ita.\n\.K^
4(».rt«<*.0S7
M? Wfl
1**«U^».nW.Jl44
»i28,2; 8,474
Reuialiilug In wtkrehouso .Inly 31, 1891
ECtunuuing in warehouse July 31, 1892
$30,664,56o
a Interior ports to whicli merohaiidiae oan be transpo.Ted without
1880.
appraisement, under act of June 10.
6 Incomplete, in the absence ot law providing the meao.'t of oolleotlnc
the statistioa of exports to aiUaoent lorelgn territory by raUrtxad oar*
and other land vehicles.
THE CHRONICLE.
320
Stock Exchange Clearing-house Transactions.— The
eubjoined statement includes the transactions of the Stoct
Sbcchange Clearing-House from Aug. 15 down to and including Friday, Aug. 26; also the aggregates for May (from 17th to
'81st),
June and July.
STOCK EXCHiNOE CLBABINO HOUSE THANSACTIOIfS.
Balances, one side.
,— Shares, both sidcs.—^
Cleared.
fleets
Shares. Value Shares. Cash. Clear d.
Total Value.
$
$
Month
.
$
[Vol. LV.
The settlement showed that the " bear " specuhad been reduced, but in
British railway stocks it had been rather increased during
the fortnight. In the American market the account open
was exceedingly small. The anxieties about silver, together
with the change of Government and holiday making, liave
for the time being almost stopped business. The hope is very
general that Congress will adopt some measure in time to
1%
per cent.
lation in international securities
4.731,600 256.200.0(10 445,000 22,500.500 29S.300
Mav
JmieiV.V.V.lOliSIOOO 1041O4S200 1.59S750 94,566.700 1133971
9,807.300 699,313,200 1120100 74,186,100 974,700
July
71,000 4,179,900 55,600
Aug. 15.... 580,900 39,200.000
52,900 3,100,000 35,900
16.... 3S5,600 24,8u0,000
57,700 3,900,000 42,100
17.... 460,480 34.1110,000
79,800 4,800.000 74,500
1«.... 635.600 43,300.000
74,300 5,500,000 81,300
19.... 570,500 45,200,000
2,190
5,885
5,886
292,400
73,300
74,700
79.800
43,500
41,800
1,305
•JTot week. 3,677,200 270.633,000 401,200 27,007,000 313,100
1,447
are strong doubts, however, whether the negotiations will coma
even the German semi-official press tells the
to anything
were ChiNashville, Northern
public not to be too sanguine. In Paris confidence continues
and prices are wonderfully well maintained. The Bank of Spain
Tot. week.2,633,080
Aug.22.... 823,600
" 23.... 663,6.')0
" 24.... 939,100
" 25.... 637,200
" 26.... 613,700
From May
136,600,000
82,400,000
43,783,000
61.000,000
40,SOO,000
42,700,000
335,700
87,300
74,800
98.100
69,900
71,100
21,479,900
6,100,000
5.107,000
6,400,000
4.700,000
4,700,000
273
241
258
270
263
235
280
383
269
280
17 to 24 inclusive the stocks cleared
cago Milwaukee & St. Paul, Louisville &
Pacific pref. and Philadelphia & Reading. On the 25th,
Atchison, Chicago Burlington & Quiccy, Fock Island and
Union Pacific were adied to the list. On June 4, Chicago
Gas, Missouri Pacific, New York Lake Erie & Western and
New York & New England were added; on June 15, Delaware
Lackawanna & Western, American Sugar common and
Western Union were added.
CoNbiTioN of
New York
—
New York
State National Banks Outside
City. The abstract of the condition of the
national banks in the State of New York outside of New York
City at the close of business on Tuesday, July 12, 1892, has
been received this week, and from it and from previous reports
we have prepared the following, which covers the results for
July 12, 1893, and for purposes of comparison the figures for
last year (July 9) and 1890 are given.
OF
NBW YORK (Other tlian N. Y. City).
Number
Jtriv 13
I8U2.
277
—
Ji«!v 9.
JulU^8,
1891.
1880.
276
271
Resources
Loans ftnd aiscount!". includ'g over(lraft8.|120,729,235 »119,572,310
Btoclts. bonds, ic
28,6;S8.319
25,943,503
Due from reserve aiients
23,817,618
15,463,335
Due from banks ami bankers
Banking house, furniture and H-Ytures....
Other real estate anrt m- >rtguges owned..
Gold coin and ceitiflcutes
Silver coin and certillcales
Leeal tender notes and cert'fs of deposit..
Bills of other banks
Exchanges for Clearins House
Current expenses and tazea paid
Premiums on U. S. bonds
Other resources
«,71».886
3,319,019
1.460.020
6,574,639
1,474,229
4,609,309
1,344.275
1,349,766
190,37
836,485
1,852,940
4,9.32,372
3.209.628
1,275.809
4,861.635
1.381.983
4,268,290
1,216,007
943,671
227.233
848,033
1,700,971
1117,426,525
26,685,861
16.221,653
4,632.851
3,185,643
l,'^08,0ai
5,3'l(i.ll2
1,084,435
4,016,835
1,310,374
i'84.155
168,112
078,250
1,778,954
prevent serious trouble, but yet the position is thought so
uncertain that nobody is willing to incur fresh risks. In
inter-Bourse securities there has not been for years much
speculation for the rise here in London. Recently there was
some speculation for the fall, but even tliat is now greatly
reduced. The opening of negotiations between Germany and
Russia for the conclusion of a commercial convention has
strengthened the Berlin Bourse and serves as a warning to oper.
ators not to act upon the " bear" side for the present, Tliere
;
has agreed to lend two millions sterling to the Government on
six months' Treasury bills, the Bank itself obtaining the
money from the Banque de Paris et des Pays Bas. It is said
that half the amount will be used to increase the bullion held
by the Bank of Spaing and the other half to pay the next
coupon. Silver securities have been falling during the week,
more particularly Indian rupee paper, but the shares of the
Indian banks have not gone down as much as might have
been anticipated, though there has been a decline.
It has been announced this week that the British Delegates
to the International Monetary Conference will be .Sir Charles
Fremantle, Deputy Master of the Mint; Sir William Houldsworth, a Lancashire manufacturer and well-known bi-metalist, and Mr. Bertram Currie, partner in the well-known banking firm of Glyn, Mills, Currie & Co., one of the ablest bankers
in the city and a member of the India Council.
Mr. Currie
is a mono-metallist.
The selection is generally approved, but
everyone here is agreed that nothing will come of the Conference; even the bi-metallists themselves have lost heart.
According to the crop report for August 3 pu lished by the
Times this week, there was in July a general improvement in
all the cereal crops throughout the United Kingdom; still the
prospect is that the harvest will be late and that the yield wilj
be less than last year. The average for wheat is returned as
91-8, against 97-6 last year
for barley 97-4, against 976; and
for oats 92-4, against 91-9. It will be seen than barley is the
best of oiu- cereal crops. It is to be recollected, however, that
last year August was a very unfavorable month, whereas this
year so far it has been favorable, and the result may therefore
be better than is expected. The wheat market is weak and
very little is doing.
The Board of Trade returns for July are again unsatisfactory. The value of the exports of British and Irish produce
and manufactures compared with July of last year shows a
falling off of over 11^ per cent.
For the seven months of the
year the falling off is over 10 per cent. The value of the exports of coal for the seven months is only 9^ millions sterling
against over 11 millions sterling last year. Textile goods of
all kinds show a decrease of nearly 3^^ millions sterling, or
nearly 6 per cent. In metals the decrease is not far short of
5i| millions sterling, or over 20 per cent.
The imports since January 1 show the following contrast
,
;
, Total
Ltnbihttcs—
Capital stock paid In
Surplus and undivided proHts
Clrculat Ion outstanding
DlTtdenils unpaid
Individual di^ixisits
Other
dcposit.i
5)ue to banks and bankers
-Notes and bills payable
Total
....t201,715,909
»185,907,610
tl85,046,881
136,068,000
21,874,500
13,380,787
214,427
117,003,635
639.380
11.659,200
877,974
135,886,060
20,992 391
12.928 907
$3.6,722.000
J201,715,909
1216037
20.066,061
14.091,180
171,470
103,269,111
1.110,200
9,104,120
1,392,444
$185,007,610
$185,046,881
207131
104,25l'9J3
1.085.708
9,338,463
IFrom our own oorresponaent.]
The
silver
London, Saturday, August 13, 1892.
overshadowing all other questions
On Thursday the price of the metal fell to
problem
is
here at present.
38i^d. per ounce'and yesterday to 37;^d. per ounce,
the latter
being 3:\''d. per ounce, or 9 per cent, lower than the lowest
quotation ever recorded before the passing of the act of
1890.
As
yet, however, distrust has not increased in the money
market.
There is uneasiness unquestionably, but not active
apprehension. The discount rate in the open market is 1
per cent, but
the banks can hardly lend from day to day at
J^ per cent.
The banks generally are strong, and so is the Bank of
England. The gold held by it amounts in round
figures
to
26y
1892.
«
IMPORTS.
January
February
March
April
May
June
38,485,244
34,877,931
36,704,177
34,920,272
34,935,738
32,811,854
33,497,585
1891.
Difference.
JB
*
33,741,082
33,311,354
35,253,059
38,982,537
31,377,693
36,850,124
32,824,111
-4-4,744,162
-1-1,566,577
-fl,
451,113
—4,062,263
+ 558,040
—4,038,270
-|673,474
July
and the reserve exceeds 16}^ mUlions
ster*
ling.
Attlie same time there is again a demand
7 months.,.. 246.083.453
for gold in
213,019,551
-f 1,038,907
the open market, chiefly for Pans, although
the Bank of
The exports since January 1 have been as follows:
France holds nearly 66i^ ttillions sterling
of the metal
The
1892.
1891.
Difference.
Austro-HuDgarian acts for the resumption of
specie payments
Exports.
a
£
have been published, and have now become
30,146,701
—637,611
law. It is not January.
19,831,315
millions sterling,
expected, however, that the gold loan
so
be .s,ued just yet, though the
much
February*
talked of will
Austro-Hungarian Government
desirous to bring it out as soon as
possible
At the forinightly settlement on the
Stock Exchange, which
began on Wednesday morning, there
was hardly any demand
for new loans, and the old loans
were renewed
IS
at f
rom™to
19,328,753
19,665,332
17,365,876
17,783,969
18,070,318
19,463,597
20,470,621
21,663,378
20,919,086
19,744,473
21,434,399
21,945,112
7month8.... 131,324,599
146,011,364
March
AprU
May
June
July
*
29
(Jays,
1892.
— 1,111,8(>3
-1,997,996
-3,053,190
— 1,960,504
Ver 01
-H4-08
+
4-70
4-11
-f
1'62
+
2-05
+
-42
Per
CI.
-I-
—10-42
-10-95
—
—
—
3 •46
5 •57
9- 23
—14 59
•93
— ih' (19
—3,304,081
—2,481,515
—11- 30
—14,686,765
-10-05
AuorsT
THE CHRONICLE.
27. 1802.]
The ex|K)rta of foreiiifn and colonial produce
show tlio following coiitro-st:
1891.
1892.
£
RR-CXI><>RT8.
Jammry
—
—
—
4.389.802
Per
«
Haroli
5,,"i0«.38'.»
Aiirll
5.545.838
5,.'->:i5,in2
+
Miir
6,5t»l,447
5,447.331
-1-1,144,116
Juuo
4,618,280
6,971,207
4,612,7.'>9
+
—
6,104,233
—
—
—
201,158
133,443
4,128,016
6,728.772
July
369,0110
01.
5-9.1
2-27
6-21
Por the week..
Prev. reported.
T >tal
1891.
Aug.
10.
—
Aug.
13.
2«,463.823
«5.8J1.58i
14.
£
ClrODlatloa
26,667.54^
Pabllodspoiiu
Other daposiu
3.540,198
3,818.368
8.78S.448
a.«17.B73
82.568.479
84.851.891
28 7S9.B13
S819..591
OoTarnmen Becnrttlu
1S,109..')94
ll.SS8.«.-)5
11.5T4.S87
17.582.215
Other leoarltles
Beeerre
21.814,158
28.29.S,1.')1
S1.8*),i)2»
20.483.310
16.532.402
17,tOa,21(l
13,310.1110
11,893.82.»
Oolnenil bullion
Prop, useia to llsbllitle9.per
28.749.947
)S7.109,01l
S2.037.235
41 15-18
20.945.495
37 8.18
8
98 1-18
Bank
rate
ConiolB
2M
45}^
ct.
44)4
2
-irarot.
206,977,640
206,049,191
216,902,212
axroBn and
per cent
961-16
97 1-16
Qoerlnx-Ucuae retnmi
111,543,000
107.440.000
154.800 000
132.729.000
The following shows the imports of cereal produce into the
United Kingdom during the forty-nine weeks of the seasoD
compared with previous seasons:
Week.
areat Britain
PranoQ .... .....>.••
WAflt Inilioa .. .....
...... ......a
llexlco
South America
Ml other countries..
Totol 1892
Total 1891
Total 1890
1890-91.
51.899.219
15,783,872
14,914,590
1,854.518
3.214.744
1889-90,
5!,2139.->5
14.0-'2,732
12.05),824
1,711.223
3,338.100
40,512. ()S6
15,8(13,641
3.-,793,0o:t
14,933,636
1888-89
50.216.111
18.126,602
13.867,565
2,2?2.487
2;y67.;j98
30.082,573
13,566,245
Supplies available for consumption (exclusive of stocks oc
September
1):
CWt
Wheat
1891-92.
65.175,772
18,686,064
Imports of flour
Bales of home-grown. 30,16.3,793
1889-90.
1888-89
54,215,955 56,216,111
15.863,611 13,966.215
43,974,343 34.825,920
1890-91.
84,899,21'»
14.935,636
33,178,112
..114.025.629 103,012,907 114,033,939 104,603,276
1891-92.
1890-91.
1889-90.
183H-89
Aver, price wheat week.298. 7il,
393. 4d.
36s. 3d.
308, 11.1.
Average price, season.. 33s. 7d.
35s. Id.
308, lOd.
303. 9.1.
Total
The following shows the quantities of wheat, flour ano
maize afloat to the United Kingdom:
Th IS week.
Wheat
qrs. 1.864.000
haul loeek.
1,799,000
313,000
615,000
231,000
502,000
Flour, e(iual to qrs.
MaUe
qr*.
1891.
1,908,000
183,000
310.000
1890.
2,Ofi3,OOo
185.0i>o
802,00 15
8axll«li Plaaaclal narHeta— Per Cable.
The daily closini? quotations for securities, <Sc., at hondon
are reported bv cable as follows for the week ending Aug. 33:
London,
Sat.
d 38
Mlver, per oz
OonBols,uew,2^ perots.
do for account
Man.
Tuet.
38 'ig
Wed.
Thure.
37l5u 37*16
38li,
97.1,6
99-80
121
91
I
137^
,
LonisTiUe & Nashville
Mexican Central 48
71
I
69=8
Y. Central* lliidnon. 115>4
V. Y. Lake Krie & West'n 28
BT.
do
2d cons
Si r'olk & Western. pref.
Northern Pac'lUo pref
Pennsylvania
Phlladeliihlaife Reading.
.
Dnlon
Va
107 lo
44
.
137%
138
72
71>4
84=9
137%
97%
Si-eat Britain
Prance
Vest Indies ..••....
9outh America
411 other countries..
naeipU at—
Flour.
Dnluth
Toledo
netrolt
Total
Since Jan.
Bfii'l mer'dlse.
120,301)
202.730
68,155
1.20O
60O
2,7.8.950
2,551.580
66.980
120.2)5
673
750
86
9,800
302,053
684.331
610.828
17.362,201
6.513.536
8.813,985
7.121,158
8.015.314
172,670
223.061
541.637
2.221.19S
289.4SS
28%
57%
57 14
•29--U
29»s
3938
2558
55T8
3014
40^8
26I4
40 14
26%
29%
26%
flrst
week
in
TOBK.
1891.
1892.
t3.2S3,274:
5,743.774'
$2.5fiI,13SI
$2,447,161
6,734.546
1-2,2 ir).33y
$2,875,365
8,890 312
$9,027,048
$9,296,001j $14,692,100
$11,765,877
$80,693,645
290,962,535
Total 33 weeka.'$319.386.985 $347,439,767i$344.212,70G|$371,66 1,180
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 fr-<.;.^
ports for the
week ending Au^aat 23 »n.' ' ^
2,171 671
I.
316.105
The receipts of flour and grain at the seaboard porta for the
week ended Aug. 30, 1893, follow:
4014
following are
•
1.583.7! 1
5.2311
41,073
38.813
208.2 to
213.100
3.308,892
44 Hi
•''
8,98rt
7,141,306
7.243.733
55's
301a
$87,613,969 $101,927,6441 $77,787,318
231,773,016 245,51-2,123j 266,425,3s8
79.135
28,400
5.183.251
1.
Dry Ooods
4U,576
3 9.8S<
wk.'lW.
At
Flour,
Wheal,
bbl9.
bush.
1'26.303 1,921,575
—
Corn,
btish.
299,000
52.662
9-2,415
7.825
28.9U0 487.637 [240.903
52.912 683.421
190,674
77.111 1,231.285
53,182
3.025
35,958
31,906
25,553 516,330
40,7i)7
Baltimorf
Richmond
Orleans..
Oats,
Barleti,
bush.
bush.
372,550
172,461
129,332
51.0«6
25,673
16.130
76,029
Rye,
bttsh.
12,000
7.30
4,850
16,190
60O
19,755
100
—
918.877 816,2-i4
3.600 48.85*
777,362 1,189.412
540 242,754
The exports from the several seaboard ports for the week
ending Aug. 30, 1893, are shown in the annexed statement
Total week.. 366.572 4.864,031
Cor. week '91. 330,269 5,433,172
Exports
S«a'l mer'dlse.
b,m
7.0.-i3
27,9-32
17,W3
2,347,782
New York for the week eading (for dry good.s) New
and for the week ending (for general merchandise)
Goods
,
38,300
21.008
20.757.601
January,
r>Ty
1,8)5,?0)
215,918
57%
NSW
288.496
807.800
1.304
1,111.089
4459
1890.
l:i3.S36
Since Au(j.
1891-92
1890-91
1889-90
55 '8
1889.
Hue,
Sama
57''8
FOaBIOH IKPOBTS AT
Barlev.
Olta.
69 K,
the imports at
Week.
Com.
Whent.
—
Philadelphia..
JV
4,443
S6,880 $1,337,563
33.240
1,346,552
233,519
3,886,210
II514
4458
also totals since the beginning of the
501
31
BbU, 1931I» BuaK.eO lbs Bltslt.5^ lis flush.33 lbs Biuh.i!ilb8 Bu.56 Uw,
132,.i7:i
l,488.7i5
2.2:3.201)
2,0J7.831
Chicago
32.853
62,326
28,^50
Itl.OS'
18,200
Sl.OOO
31,700
Mtlwankce...
19,740
Boston
Montreal
;
335,737
91,255
291,792
109,930
430,946
56,880
$i',9()6
The movement of breadstuEEj to market ii indicated in the
statement below, prep.ired by us from thi figures of the New
York Produce Exchange. We first give the recsiptj at
Western lake and river ports, arraasfed so as to present the
comparative movement for the week ending Aug. 30, 1892,
and since Aus^ust 1. for each of th? la^t three years:
New York
18
19
11121,014
........
69.''8
I
Aug.
Aug.
Since /«n.l.
118.951
913,815
108,127
55%
Wbek.—Tiie
$253,841 $11,597,210
523,139
1.300
23,596
923,017
38.215
529,227
22,739
1.8i7.22a
28%
107%
1MP0BT3 AND E.KPORTs poR THE
Week.
1.
7.618,718
5.921.011
108
40 14
Imporlt.
Since Jan.
1,05-2,850
28=8
107»«
25%
$6,420,304
2,956,84»
5,816,957
2-3l,5C6
II514
28^8
107»9
30%
$31,704
204,420
164,833
Tot.wk, '33.
8.ime wk.'Ol.
44 >4
57
25 'J
$1,975,000 $53,784,863
6,000 74,817,0^6
84,018 18,367.532
'ii',39i
70%
138
55^1
39^9
6,882
914,150
241,564
29,665
529.441
173,39S
pany.
Louis
Peoria
36''8
Pacllic
$i3,43'i
$32,185
4,496,901
—The C. H. Venner Company, 33 Wall Street, oflfer in our
Banking and Financial columns $350,0!)0 worth of Omaha
water works 5 per cent goli bonds, due 1907. These bonds are
offered at 90 and interest, which m-ikes them yield the investor about 6 per cent on the inve.=itinent. The bonds are a
part of an issue of $4,000,000, of which $400,000 have been
placed in trust to retire the same amount of bands that are a
prior lien upon a portion of the property. Since the issue of
these bonds more than $1,300,000 have been expended in uew
construction, on account of which the co-npany has i-suel
and sold at par $1,000,000 of 6 per cent preferred stock. The
earnings are estimated to amount to §330.000 for this year.
For further particulars parties should write the Venner Com-
St.
84%
Since Jan.l.
$6,208,143
17,310,228
$i,9e6',6b'6 22,517.350
6,634.699
8,000
is',006
1,100.943
10,500
$277,431 $13,636,807
1,274.760 10.207,231
228,431 1-2,810.732
Total 1892
Total 1891
Total 1890
121
10714
4414
'ash pief
...... ........
Olsreland....
9979
Week.
1.
SxporU.
9957>4
lOlia
1151a
28%
39 V4
97 18
I38I4
*!>%
115
69%
Fri.
101%
713«
6958
115i«
69%
impitrU,
Since Jan.
Week.
Minneapolis.
97:t,6
871 16
97-16
974
97 'iR
97<,«
9714
9 7»,„
Fr'ch rentes (in Partsllr. goof's 10005 100-211 9J-90
U.S. 4a of 1907
121
121
121
121
Canadian Paclflo
90=8
90=8
91
907„
Chic. Mil. A at. Paul.... 84
8434
85
841a
Illinois Central
101% lOlHi 101% 101%
Lake Shore
]
bbw tore.
««ti«r.
IMPORTS.
1891-92.
Imports of wheat.owt.65. 175.772
Barley
15,89 ',981
14.159.746
Oats
2.611.917
Peas
3.909.5H0
Beans
28,882.728
Indian corn
near
18.686,0B1
tKroB-rs or spaoiB at
Sitporti.
26,2.')1,610
B
06 5-16
2»4
1893.
•0,961,279
246,852,180
Gold,
Aug.
13.
£
1891.
«7.097.4-il
2-17
1889.
l«flO.
£
a
1890.
i|H,603„-.5l
33 weeks. $214,228,208 »2 10.6.52,735 $223,999,685 t25».8 1 6.45»
+ '19
+21-00
+ -77
10,686
85,501
183.026
38,180,550
37,886,950
+ 203,009
The following return shows the position of the Bank v,
Eogland, the Bank rate of discount, the price of consols, &c,
oompared with the last three years:
Aug.
mbw tobk fob ram wbbk.
2.^0.568
1|<7.
7 months
18112.
v.vimi
1889.
Februory
.'>.Hn2,215
5,'i:t5,458
xroars
since January 1
Difference.
Jt
32 L
from—
Wheat.
NewYork
Boston...
Norfolk..
Montreal
PliUadel
Baltim're
N. Orl'us.
N.NewB..
Richm'ud
1,335
75
4,00f
267,930
271,733
22,543
74,401
33,724
206.546
89,39?
181,1 2H
3?,'<26
63,117
84,428
91,-239
210
559,512
356.025
Bush.
2.911
8,083
130,870
497,098
436,399
100.682
186,968
'JSI
Peas.
190,918
77,132
45.583
621
.
Bye,
Bush.
10,458
50,l-i0
I
Oats.
Bush.
71,783
8,962
Bbis
Bu^b.
180.509
week 2,489,7781
S'metlme
"
Flour.
Bush.
981,644
155,917
Tot.
IQOl
Corn.
16,731
209,433
......
60.351
THE CHRONICLE.
322
is
list
Aug.
20, 1892:
Wheat,
biuh.
In store at—
KewYort
Do afloat
& Co. offer in this issue of the
—
of bonds.
—A of investment bonds advertised in another column
by Messrs. Charles T. Wing & Co.
—Attention called to the card of R. B. Sperry, Baltimore,
dealer in Southern securities.
—Messrs. Geo. A. Lewis & Co., Chicago, advertise in our
Messrs. Redmond, Kerr
Chronicle an attractive list
The visible su pply of grain, compri«ng the stocks in granary
lake and seaboard
at the principal points of accumulation at
ports,
[Vol. LV.
Com,
tnish.
Rye.
bnsli.
bush.
618,000
624,000
25,000
2,351,000
171,000
OaU,
5,006
2,000
472,000
325,000
2,303,000
5,631,000 4,038,000 1,438,000
640,000
Milwaukee
1,702,000
Dalntb
75,000
64,000
1,430.000
Toledo
20,000
8,000
502,000
Detroit
184,000
173,000
3,823,000
84. LouiB
33,000
Do afloat
5,000
"7,oo"6
1,000
CtDrtnnatl
112,000
37,000
285,000
Boston
10,000
56,001
Toronto
501,000
14,000
519,000
Montreal
105,000
265,000
Phlliulelphla.... 1,057,000
120,000
56,000
26,000
Peoria
50,030
39,000
514,000
Indianapolis
101,000
81,000
598.000
Kansas City
74,000
31,000
1,929,100
Baltimore
37,000
4,503,000
Minneapolis
'
"6,6"ob
3,noo
242,000
Mississippi..
On
761,000
2,587,000 1,170,000
On lakes
386,000
100,000
976,000
canal*
river
On
Albany
Buffalo
Chicago
Tot. Aue.20,'92.31,779,000
TokAue. 13.'!)2.2S.255.000
ttot. Aug. 22,'ai 17,857,968
TotAnr. 23,'90.1S,289,447
Tot.Aiig. 24,'89.14,291,270
7,149,000
6.429,000
4,197,S73
9,493,312
9,476,150
Barley,
bush,
22,000
7,000
9,000
4,000
5,000
120,000
14,000
13,000
25,000
80,000
is
State and City Department, Grant Cotmty, Indiana 5 and 6
per cent bonis, and Butler, Mo., water sixes.
'75,6'0^6
14,000
10,000
2,000
44,000
12,000
32,000
89,000
2,000
6,000
5,000
6,000
38,000
3,000
50,000
22,000
5,046,000 353,000
5,472,000 289,000
2,141,865 1,796,656
2.792,361 504,802
5,611,809 870,656
356,010
366,000
57,225
366,823
327,758
—
United States Sab-Treasury. The following table show
receipts and payments at the Sub-Treasury in this city, for
Bellas the balances in the same, for each day of the week.
Balances.
Sate.
Seeeipti.
Payments.
$
$
Ooin
Coin.
2,402,597
3,716,209
99,482,940
15,935,479
4,<)37,170
5,306,463; 99,382,940
3,625,744 99,373,14'>
3,225,740' 97,817,003
3,703,906 97,8510,978
2,570,439j 97,846,660
16,43>i,223
Aug.20
" 22
" 23
"• 24
" 25
" 26
3,635,034
2,923,074
3,621,858
2,337,903
Total.
18,957,636
Long Island—North Shore.—A
special
stockholders of the Long Island Railroad Company was held
at Jamaica, L. I., to consider the guaranty of the interest
upon the new issue of North Shore Branch bonds. Of a total
of 240,000 shares, 193,074 were voted in favor of the guaranty.
The Long Island Road, a little more than twenty years ago,
guaranteed the principal and 7 per cent interest on $600,000
bonds of the Smithtown
Port Jefferson Railroad Company.
The bonds will mature ten years hence, and a debt h is accrued
to the Long Island road of more than $1,000,000, which is now
in judgment. The present action of the stockholders of the
Long Island Railroad will result in the funding of the old
bonds and a part of the floating debt, and in providing funds
for the extension of the Smithtown
Port Jeflferson Railroad along the north shore of Long Island, about twelve miles.
It is proposed to consolidate the Long Island Railroad, North
Shore Branch, with the Smithtown & Port Jefferson Railroad, to make one corporation of these two properties, and to
issue $1,500,000 bonds on the entire property.
21,905,330
20,2^5,292
19,947,632
20,917,259
20,447,981
20,166,582
16,792,967
17,076,820
17,310,075
17,433,255
22,198,499'
—Among other
securities the following, not
regularly dealt in at the Board, were recently sold at auction.
By Messrs. R. V. Harnett Co.
Anctlon Sales
&
Shares.
Shares.
meeting of the
Ourreiiey.
Oert's.
475
5 Nat. City Bank
25Xat. Bank of Deposit. ..11338
1
90
Chemical Nat. B.ank... .$4,403
157
Citizens' Nat. Bank
By
Me.s3rs.
Adrian H. MuUer
shares.
5 American Exchange Nat.
Bank
10 Imp. &Trader«' Nat. Bk.62l
Bonds.
S12, 000 Ark. State 78 (L. E.
&FC.
8. R.K.)...
SVl
& Son
Bonds.
158I9
&
$500 City of N Y. Cent. Park
Fund. 56, 1898. Feb., May,
108'i&lat
Alls, and Nov
IpauMttg aufl
Iflttattctal.
$250,000.
OmAHA WATER-WORKS
&
Five Per Cent Gold Roiids.
DATED
JUI>Y
1,
18S7.
DUE JULY
],
ISOr.
COUPONS JANUARY AND JULY 1.
Toledo & Ohio Central— Toledo Colninbus & Cincinnati. Price 90 and interest, at wliieh the bonds will
—A notice has been issued to the stockholders of the Toledo &
yield 6 per cent on the investment.
Ohio Central calling for a meeting at Toledo, Ohio,
September
29, for the
purpose cf passing upon a proposition to increase
common
stock in the sum of $1,651,000; that is to say,
from $4,849,000, the present capital stock, to $6,500,000, said
increased stock to be used for the purpose of extending its
line, constructing branches, increasing its machinery, rolling
stock, depots or other fixtures, and other lawful purposes;
also to pass upon a jiroposition to extend the line of the Columbus jjranch from its present terminus at Columbus, Ohio,
to the point where the C. C. C. & St. L. Ry. forms a junction
with the Toledo Columbus
Cincinnati Ry.. at or near
Ridgeway: also to pass upon a proposition to purchase that
portion of the Toledo Columbtis
Cincinnati Rv. bptween
Toledo, Ohio, and the point where said railway connects with
the C. C. C.
St. L. Ry.. at or near Ridgeway, upon terms to
be then submitted to the meeting; and also to pass upon a
proposition to issue the mortgage bonds of the company in the
sum of §2,500,000, at a rate of interest not exceeding 5 per
cent per annum, for the purpose of extendin? its road,
constructing brinch roads, increasing its machinery or rolling
stock, budding depots or shops, making improvements,
and
other lawful purposes.
the
&
&
&
Tlicsc bonds are part of an Issue of S4, 000,000, of which
$^400,000 have been placed in trust to retire the same amount of
bonds that are a prior iieu upon a portion of the property, made
by The American Water-ivorka Company and secured by mortgase upan the extensive watcr-worlts plant gupplyint: the Cities
of Omaha and 8oath Omaha, Neb., the popniatlon of which, by
the CeuRUB of 1890, was 1 t7,.39r.
8incc the Issue of these bonds more than Sl,30l),000 have been
rxpeudedin new construction, on ncoouut ofTrhicU th*^ Company
iasned and gold at par $1,0110.000 ol 6 per cent preferred atock.
The ^vorks, in point ol efficiency and superior const action* are
unexcelled by any n-ater-plant in the luited States.
i
TIic cariiiiig^s have increased from $12§,341 in
1S86 to $;(6O,OO0 (estimated) fori §92.
FURTHER PARTICULARS UPON APPLICATION.
THE
C.
33
W. t. aad Brooklyn Wag Secarltleg— Bro kers' Quotations,
eA8COMPASlKS.
|
Bid.
/
GAS COMPANIES.
Ask.
j
'"5 140 WllUamsbarg
nJ2S,'('i''.*''5';I''*f'"
Uonaoudatud
Gas
'llTalisat
Bonds, 68
,
Jersey City * Hoboken.. 180
Metropolican( Brooklyn).
Metropolitan— Bonds
110
Munlcliial— Bonds, 78
Mntnal(N. y.)
140 145
Fulton Municipal
Bon lis, 6a
100 103
Bunds, 68
Wysiro j Brooklyn)...
140
Eqni table
Suilp
100
Bonds, Sa
Pe<(ple't<Brooklyn>
I
I
130
108
lTTT
lU
'
93
95
117
137
140
103 107
I183;1B5
106 ....
M
01ty-8tock
5K.V'"
B klyncrnwt'n 6«., 1908 ^190
109
Central Crosstovrn-St'k.. 130
OMIt.Pk.N Afc.BlT.-8tk. 144
0on8plli.7s, 1902 ...J*D 117
D»y Dk.lt. B.* B»f ir-«tk.ill8
lit MOrt., 7», 189S..i4D 100
pry Dock
115
103
Scrip
K. B'y A
Bluhtb At.— Stock.
30
300
107
FTy-stk. 250
,
St.
105
107
97
193
110
1st mort., 78, 1894. .J4J 100
103 ii Wioih ATe
125
,8einnd Ave.— ai^ck...!'"; lie
117
Ist mort., 5s, iT,.
rOOB.MANi 103
160
Slith ATe.— stock
130
Tblrd ATe.-New stock'"; 1300
306
130
Ist M., 5s, 1937
J&J 111
101
Twenty.third St-Stock.. 260
1st mort. 7». 1893
109
:
,
I,
DIRECTORS.
F.
YOUNG,
RUNKLE,
H.
B. F. C.
W.M.
MAXWELL.
C.
HON.
DUMONT CLAllKB,
BAKI5K,
J.
A.
JNO. U. STARIN.
FAHNB8T00K,
Q. A. HOBART,
GARLAND.
OF THE CITY OF NEW YORK,
'100 103
1893.A&0 ,100 103
43d St. Hanh..t StN.ATo 54 58
1st mort, 6s, 1910.. MAS llll 114
IM U,jlncome,6s
J4J 62, 64
Hoast W.St.A P.F'y—Stk. 300
Gr'nd
York.
THE MERCANTILE NATIONAL BANK
B.—
,
4
New
S300,000
ACCOUNTS OF BANKS, BANKERS AND MBBCHANTS SOLICITED.
HBNRY C. TINKER President.
HENRY OEAVBS, Vice-President
JAMES CHRISTIE, Cashier.
J. R.
250
1st mort., 7s.
....
CAPITAL.
GEO.
'BiKlitliAT.— Scrlp,es,1914 105
108
42d
STREET.
Central Bulldina:, 143 Liberty Street.
HENRY C. TINKER,
HENRY QRAVUS,
I
City Railroad Secaritles— Brokers' Quotations.
. I.
Atlantlo Av.,B'klyn.St'k.'ll2
Gen. M.,ft«,i80(f...A&o too
Bl'okerSt. A Fnl. p. -Stk. 29
Ut mort., 7s., 1900-. JAJ 110
Br'dway A 7thAT.—st'k.. 197
Ist mort., 5s, 1904 .J4D lOi
mort.. 5«,
J*J, 103
•Vct 1st. 8s,1914...
-34 loj
iru
ind 6b, int. as rent., '05. 94
WALL
LIBERTY NATIONAL BANK,
ASH
Bid.
COMPANF,
H. VEiy:VER
107
120
lus
205
210
113
104
No. 191 Broadway.
$1,000,000 Sarplusdc Profits, $1,030,00
WILLIAM P. 8T. JOHN. President. FRHDBRIOK B. 8CHBNCK, Cashier
JAMBS V. LOTT, Assistant Cashier.
Capital^
•
1
I
I
ACCOUNTS SOLICITED.
Spencer Trask
&
Co.,
BANKERS.
10 VTtM St., New York.
16 Conzress St., Boston.
Albany.
ProvtdeRce,
Members
of
New
Yorlt
and Boston
Stoc'i Uxotiauges.
INVESTMENT SECURITIES.
ACQDST
THE CHRONICLE,
87, 1893.]
%}iiz ganlijers'
323
Poeted ratee of leading bankers are aa follows:
da^ette.
Augmt
DIVIDENDS.
Name of Company,
Per
When
Cent.
Payable.
HI!
3>a
Trontou
2
.f. (q liar.)
Sept.
Bept.
Bookt Oloted,
(Dayt inciutite.)
—
first, the cessation of the switchmen's strike at Buflfalo ;
second, the dejisioa of Judge McCormick against the Railroad Commissioners of Texas third, the decision of Chancellor McQill in New Jersey against the lease of the Central
;
New
Jersey to the Port Reading.
The defeat of the Buflfalo strike is another great victory for
the people and the railroads, against an unreasonable measure,
accompanied by violence and disorder, in a cause that was
not even sup|X)rted by the leaders of other labor organizations.
The Texas railroad decision is very broad and far-reaching
of
involves touching the ownership of
property. It is a decision which goes far towards bringing
law down to the business man's basis of common sense and
reason, and leaves the question between State and railroads to
be settled as a matter of fact by an examination of what is
right and fair or, in other words, by the same principles
which control in arbitrating a contrijversy between members
of our Stock Exchange or any of tlie great Exchanges or
Boards of Trade throughout the country. If this decision of
Judge McCormick is upiield in principle by the Supreme Court
of the United States, ai there is good reason to suppose
feel
greater confidence in
that it will
be, we may
corporate securities in this country for all time to come. It
would also be of inestimable value in case a silver basis of
currency should ever be reached by the United States, as the
railroads, under this decision, should be permitted to charge
high enough rates to earn the interest whijh they have promised to pay on their bonds, and that interest in a large majority of cases is payable in gold, as the bonds were sold by the
companies for gold or its equivalent.
The decision of Chancellor McGill against the lease of the
Jersey Central to the Port Realing Railroad Company has
been commented upon to-day with various sentiments. But
whatever may be thought of the soundness of his conclusions
in this particular case, his general views of the course to be
pursued by a court of equity will be accepted with some satisfaction by the public, since his principle of disregarding
technical law and acting on the main facts of the case, as they
are shown up by common justice and reason, is not less
broad than tliat involved in the Texas decision. All such
rulings of the courts furnish protection for the individual
property owner and the public.
The open market rates for call loans during the week on
took and bond collaterals have ranged from 1 J-^ to 2i^ per cent,
the average being 2 per cent. To-day rates on call were
IJi to 2Vi per cent. Commercial paper is quoted at i&o}^ p. c.
which
in the principles
87m
4 87 94
88>«34 89
4 8»>«a4 85%
^
T>i>oament<u'yoomnieroial
4 85 ^4 80'4
6 18>«>5 17>«8ie>4«5 lS«h
Paris banker* (frauoi)
40M»403i«' iOi>,,940N
A UHtenlain (KUUders) bankers
9619 » 95>«
b'rankf'irtnr RremenlrnlcbniarkiOh'nkers
951««98'i
1 Auk. 20 to Auk, 31
10 Sept. 2 to 8ept. 9
WALL 8TKKKT. FKIUAY. AUGUST 26, 1H94-3 V, M.
The Money Market aud Financial Situation,—Three
eventti of broad imiwrt liave happened this week touching
closely the finaucial interests of Wall Street and the country
Demand.
Sixty Days.
2G.
Prime bankers'dterllng blUa on London
Prime ooiumercla.
United states Bonds.— Quotations are as follows
4a,
..reg.
..reg.
69,
6s,
68,
es,
e»,
our'oy,'95.. ..reg.
cur'cy,'96., ..reg.
our'o.v,'97., ..reg.
cur'oy,'98., ..reg.
oiir'oy,'98.. ..reg.
2s
1907
4s,1907
Tnterett
Aug.
Aug.
Aug.
Aug.
Aug.
Periodt
20.
22.
23.
24.
25.
coup.
TIilsls
I
taepnoebldattbe momloic board no
;
tale
was
oiaae.
dOTerninent Purcliases of Silrer.—The following ^ows
the amount of silver purchased in August by the Government to date. The Government having purchased the full
amount of silver required by law for the month of August no
further offers will be considered until September 2, 1892.
Ouneee
Ouneet
offered.
purchased.
Pneepaii.
it
—
i^-
•100 1*100 *ioo noo '100 noo
•iisia *ii5'« •ll5^ nisH nis's nis"*
•115i«'*115>« •115's *115<« *115i« • I15«i
•107 i"107 '107 *107 -107 *107
•109>fl *109>s *100i« *109ia 'lOSia 'lOflla
'1121a •112^,*112i« •112'a •112'« 112%
*116»« *115Ja 'llSia 'US'* •115'ii''ll5'«
•118 i'118 1*118 1*118 1*118 1*118
6,782,000
851,000
Previously reported.
••
24
26
•Local purchases
month
f
j$
to date
The local purchases
the foUowioK week.
•
7,633,000
.
of
» $0'8574
;0'8363
®
» «
9 $
» $08574
•&
:
I
'f
•4
*Total In
3,931,610 $0-8293
415,0OO,$O-83G0
6,396,610 $0-8293
each week are not reported
till
Monday of
Coins.—The following are the current quotations in gold for
various coins:
$4 86 «$4 90
Boverelgns
Napoleons
3 85
®
®
3 90
XXEelohmarks. 4 74 a 4 80
4 85
®15 70
50
®15
70
Doubloons.lS
Hex.
4 75
25 Pesetas
Bpan. Doubloons. 15 50
Fine gold bars...
par
aH prem,
83^a —84
Fine sliver bars..
Flvefiaaos
— 90
Mexican dollars.. — 66
Do uucommero'l
Peruvian sols
. — 60
—
-
95
67
-63
4 90
English silver.... 4 80
70
U.S. trade doUars
—
State and Railroad Bonds.— The sales of State bonds have
considerable dealings in the low-priced issues of Arkansas and South Carolina. At the board $26,000 Arkansas 7s,
L. R. P. B. & N. C, sold at Q%@1')%, and $20,000 L. K. * F.
S. issue at 10}^ '811 $45,000 S. C. 6s, non. fundable, sold from
$10,000 Ala. "B" bonds at lOSJ^, do. $7,000 cur2 up to 2%
rency funding 4s at 90 $10,000 N. C. special tax, class 3, at 4;
$36,000 Tonnesee settlement 3s at 1i%@T!.
Railroad bonds have .thad somo activity, as usual in
Atchison incomes have been active
particular issues.
and steady under the announcement of the 3J^ per
cent interest payment to be made September 1. Louisville St. Louis & Texas 6s sold up to 100 on a fair busiReading incomes were more active to-day on the Ne iv
ness.
Jersey decision, but their prices weakened very little, and
another move in the Reading system has been effected this
week by the conaolidition of the Lehigh Valley steamer line
on the Lakes witii that of tlie Great Northern Railroad, thus
giving connection with the latter road to the Pacific Coast.
Pacific bonds, St. Louis Southwesterns and Houston
The Bank of England weekly statement on Thursday snowed Texas & Central
Texas
4s were all more active and stronger on
an increase in bullion of £27.0,000, and the percentage of re- &
Judge McCormick's docisinn against the rates estaolished by
serve to liabilities was .50'19, against 4819 last week; the disTexas RaHroad Commis-i'.uers. Col. Coal & Iron 6s adcount rate remains unchanged at 2 per cent. The Bank of the
in syiupa'.Uy with the stock. Green Bay
France shows an increase of 2,47.5,000 francs in gold and vanced 2}4 per cent
W. & St. f". incomes have advanced on the better prospects of
325,000 francs in silver.
The New York Clearing-House banks in their statement of the company.
August 20 showed a decrease in the reserve held of $3,600,400
Railroad aud Miscellaneous Stocks.—Tliere has been a
and a surplus over the required reserve of |13, 378,875, against very respectable summer busine;s in stocks, but a fe-v specialAtchi$15,774,430 the previous week.
ties have contributed the bulk of the transaoti'>us.
soa has been in good demand aud soil above 4t' on the increased earnings and the p.ayment of interest on ib;^ incomes,
1890.
1892.
Differen'tfrom
1891
Fret, week.
Aug. 20.
August 22. August 23.
Rxik Island has been
though it closes a trifle lower at 89.
decide Jly strong an 1 St. Paul steady on good ''ar-iings and
$
$
Lurlington
Oipltal
60,422,700
60,772,700 00.812,700 the prospect of a continued lar^e traffic thi- fall.
Barpliig
67,3U0..'i00
64.147,S00 59,!H7,100 has no: t)een as strong as the other grangers. L)UisviUe&
Loans and dlso'to 402.054,300 Inc. 2, 282.000 895,455,500 397,072.300 Nashvdle has weakened slightly and this is belie v.-d to be
Olroulatlon
5,400,400 luo
57,100!
3,052.700
4.970,300
pirtly due to short sales. The Gould stocks —Missouri Pacific,
Hat deposits
,524, 112,1001)60. 819,:W0 402,<tl2,400 389.5.J3,10J
Bpecie
8(>,0;»4,300 Kco.l «7«,(I00| 63,38'>,000 Oi.OJI.lUO
L'exas
Pacific and St. Louis Southwestern— .ver pushed
Lsgal tenders
57,397,000 lOec.l, ')21,100| 51,152,900 20,254.-200 upward
decision.
Texas
the
of
in
consequence
Rsaerve held.... 113.4S1,900 l>ec.3, 000,400 114,837,000 91,875,300 Reading has been affected for some time past by th possioilLegal reserve
1131,103,025 Dec. 201,823:100,728.100 97,388,275
ity of an unfavorable decision in New Jersey, a-id to-day
Barplns reserve.! 12,37S.875 Doc.3.3 5,575! 14,109,803 Df.2512.975 after the announce neat it fell off to 57),^, closing at 07;'^.
President McLwd is reported in Philadelphia as saying that
Foreign Eschiinjfe.— The market for sterling bills has the decision will hive no effect, as the friends of the Reading
been dull and rates are decidedly easier. The shipments of Co. own a majority of the Central of New Jersey !*t.)Ck. Cologold this week amount to $l,.o00,000.
Actual rates for ex- rado Coal & Iron jumped up quickly about 8 |x)iatt> this week
change are: Bankers' sixty -days sterUng, iM'/i^iSili; de- on reports that the consoUialion was settled. .V uong the
mand, 4 87}^@4 87Ji cables, 4 87-'^.a4 88.
industrials, Distilling & Cattle Feeding stock has been aotr
The following were the races ol aoiuescic exchange on New ive, selling above SI on Wednesday and closing lo-dav at 49.
York at the undermentioned cities to-day: Sarannan, buyiOK, Sugar fell off to diy on large sales from 11414 to Ul^g at the
par; selling Jj'SJ'-i premium; Charleston, buymg pir, sell- close. New England was weak around 31, on thi impression
ing l-16(ais premmm; New Orleans, bank, (1 50 per $1,000 that the company was l>eing squeezed by the New Haven;
premiiun, o'mmercial. 7.oc. premium; St. Louis, bOo. per but to-day it advanced quickly from 31 'i at the opani.ng to
§1,000 discount Chicago, 70c. per $1,000 discount.
33fg and closed at 32 J^.
shown
;
;
;
',
I
)
I
!
&
I
j
•
;
;
THE CHRONICLE.
324
NEW YORK STOCK EXCHANGE—4CT/V£ STOCKS
for loeek ending
[Vol. LV.
AUOUST
2G, and since JAN.
Saturday,
Mondaj,
Aug. 20.
Aug. 22.
3838
-4
9T>9
-87 >•
58<<
133>s
•29 >»
23'a
134>«
ZO^
23'<
SB's
*i3>a
4JL's
•60
iiii'i^
61
3938
*4
39'<e
*4
9714
88i«
5
97»8
8«i6
59
59%
39% 40%
40%
5
5
97% 98
97% 97%
88% 88%
59% 59%
Thursday,
Aug. 25.
39% 40
•4
97%
'4
*»8% 99%
82
82%
89
127
116'e 117
89
•59
134
145
*33
36
36
*10% 12
:i42
•143 150
142
145
•33
•33
•10%
•10% 12
138
36
142
145
100
•33
36
"10% 12
138
141
RR.
Active
Atchison Top.
Atlantic
&
&
Stocks.
112,085
Santa Fe.
89
Canadian Paciiio
59% Canada Southern.
135% Central of New Jersey.
150
Central Pacifle
Cbesapealce <fe O., vot.
do
do
1)0
Do
Chicago
&
tr. cert.
Alton
—
117% Chicago & Northwestern
142%
pref
Do
82% Chicago Rook Island & Pacific.
52% Chicago St. Paul Minn. & Om
Do
.
Do
Do
73
138
pref.
Delaware Hudson
157% Delaware Lackawanna&West
17 Denver & Rio Grande
<fe
49%
Do
Do
Do
no%
112
145
140
99% 100
*12
13
12% 12% *I2
42 43%
43% •42
•2438 24% *24% 24%
21%
*i5% 76% 75% 76% 75%
135
133% 133% 135 135
140
100
145
100
510
50
1st pref.
2d pref.
<fe
138% 138% 138
108% 108% 109
16% 17% 17
138
17% 18
44% 45% 45% 457t 45
•15
*14% 15
15% 15%
26
25% 26
26% 27
59'8 60%
60
61% 61%
•35% 3^
'35% 39
•35%
*85
112%
•17
73%
*34
27% 27%
27% 28%
65% 65%
32% 337g
66 Hi
248
19% 19%
15% 16
67% 69%
19% 19 1^
15%
67%
15
*67
"11% 12
44
•20% 21
*78
66
317g
•43
44
20% 21
55% 56%
55=6
•23
•^9
•78
22
83
25
32
83
18%
18% 184
581)
57% 6t%
•21% 22% *zi
22%
'18
5658
*62
•62
64
*37% 40
8%
16% 16% •16%
44%
44
15% 15% •15%
27% 28% 27%
62%
61% 63
45%
15%
28%
62%
44
14
'37% 40
8% ii\
40% 40%
8^.
40% 40%
17%
44%
15%
28
t3
69
•11%
•72
80
"72
80
38% 38% "34% 39%
28% 27% 28% 27% 28%
•65% 66% 66
66%
66
33% 30's 32% 3078 317e
69
69
12
•11%
69
12
44
43% •43%
21% 21% 21% 21%
56% 57
56% 56%
•Zl% 22
•21
•29
32
83
78
22
32
78
24
25%
18% 18% •18% 19
5s% 59'8 5S78 59%
•21
22% "21% 22%
•62% 64
•37% 40
8%
Do
45
15% 15%
27% 27%
61% 62%
•63
64
•37% 40
8%
8%
8%
69
"11%
69%
12
43% 43%
2078
6578
"21
2078
50^1
22
32
80
"24% 20
•18% 19
"29
•78
68% 59%
22% 22%
63
63
"37% 40
8%
8%
•72
"35
Do
•17% 18
•10% 11
2474
247.
Do
Do
80
39;*
69
3978
187,
1l
19%
11% 11%
11
25%
27% 27%
69% 69%
69
*ld% 17%
46% 47%
47
83
827,
83
in'8ii3% 112%
105'b1C6% 106
47%
83
114
106%
61% 82% 82
82%
82% 32% 34
34%
«^167, 117% •116% 117%
47e« 47% *47«B 48%
116 117% 117 118%
128% 129
128% 129it
121% 121% 122 122
42i>8 43
4i
46%
97% (7% 87% 90<H(
13% 13% 13% I3'e
39% 40%
1878 20%
178
360
100
1,000
421
3,575
250
23,825
1,625
200
25% 26%
27% 277,
69
6978
17
17
"11
257,
2776
11%
26%
28%
69% 70
"16% 17%
46% 47%
83
83%
4014
19% 20%
11% 11%
2579 26%
28% 28%
70
70%
•16% 17%
46% 47% 46% 47
83
83
82% 82%
114% 113%lli% 114% 115%
lt6 107% 107 107
105% 107
82% 82%| 83
83% 82% 83
34% 36%' 35% 37% 38
39%
117% 117% •117% 117% 117 117%
48% 49% 49
6r 60 61
116% 118
117 117% 117 117%
129 129%' 129% 130% 130% 13 %
121% 122
1^2 ]2i% 122% 122%
45% 46% 43
46>4
45% 46%
98% 99% 98% 99% 98% 9o7e
14
14% 14
14% 1378 14%
11276
2d
•20% 21% Northern Pactflo
55% 56%
Do
•21% 22
pref.
Ohio & Mississippi
Ohio Southern
Oregon R'y & Navigation Co.
25% Oregon 8h. LinoAUtah North
•18% 19 Peoria Deca*ur & EvansviUe.
•29
•78
•24
650
1,800
2,700
1,515
4,485
64,063
3,705
100
150
200
30,590
606
95,67o
3,238
4,950
2,200
100
427
1,160
8,821
32
82
67% 58%
22%
•62% 60
•37% 40
Do
Pitts.
A West
Do
pref.
Rome Watertown AOgdensb.
St. Louis Southwestern
Do
pref.
A Duluth
pref.
St. Paul Minn. A Manitoba...
Suathern Pacific Co
Texas A Pacific
Toledo Ann Arbor A N. Mich
Toledo A OMo Central
St.
Paul
Do
'.
47
83
Do
39% Union Pacific
1979
1978 Union Pacitlo
11% 11% Wabash
257^
Do
28% 28%,Wh6eling&Lake
70
70
Do
46
14,085
220
100
5
225
2,150
6,
1
1
167
"400
2,700
12,832
1,593
pref.
Denver
A Gulf.
34,600
9,042
428
2578
45
81
100
pref. tr. certs.
Rio Grande Western
o9
17
300
pref.
.
9% Rlohruoud A West Point Ter'l
42
Do
pref.
"16
205
1,000
Pliila.AKead., Tot. trust, cert. 346,760
Plttsbuig Ctnn. Chlo. A St. L.
50
•21
8%
7,932
pref.
pref.
. .
83
39%
1 St
27% 27% New York Lake Erie &, West'n
Do
pref.
31% 33% New York & New England
249 251 New York New Hav. & Hart.
19
19% New York Ontario & Western
15% 15% Ne w York Susquehan. & West.
67
69
Do
pref.
1178 1178 Norfolk & Western
^
42% 43
Do
pref.
47
83
39%
25
27% 27%
47
85
85
3»% 39%
18% 18%
pref.
Missouri Pacific
41% 41%
41%,
42
3
36% 36%
72% •70
72% 72% 72%
•111% 112% 112% 112% *111% 1121, 112%112%»111%112'< 112% 112%
8% 8% •8% 9
9% 9%
9
9
9% 9% *9
9'i
16% 16% 17
17'6
18% 19% 18% 1878 19
19% •18% 19%
44
44
40% 40%l ^40
44
"41
•41
44
44
40% 40%
*103 106
103 106 1*103 106
'103
'103
106
106
103 106
•115% 116% 115% 11578 115%115% 115% 116
115% 116 •115% 116
85% 35% 357 36% 36% 36% 36% 37
3678 37
36%
•8% 9%
9% 11%! 11% 11% 11% 11% 11% 11% 36%
11% 11%
28%i 28% 29%
•27
28
28%l 2878 2878 28% 28%
28%
•46% 47
47
86
& Texas
Mobile AOlilo
Nashv.Cliattauooga&St. Louis
New York Central & Hudson.
New York Chic. & St. Louis ..
•76'"
88% 3b%
pref.
Missouri Kansas
"35% 39
•36% 39
'85
•85
90
90
112% 112%
112% 112% 112% 113
17% 17% 17% 18% "1.7% 19%
43
•29
•78
"16
"43
13573 Manhattan Elevated, consul..
Michigan Central
18
Minneapolis A St. Louis
•35% 39
90
•248 252
249 252
249 251
19=8 19%
19% 19% 19% 19%
16
16% 15% 15% 1573 16%
•11% 12
•42
55%
250
27^8
137% 135% 137% 134
110
109
17
39
•85
•85
90
90
90
112% 112% 112% 112% 113
17% •17
17% 17
18
73% •72
80
72
60
•34
39
39
34
39
'33% 34%
21
137
138''8
pref"
Erie.
pref.
I
Wisconsin Central Co
iniiicellaneouii Stocks^
;Amerlean Cotton Oil Co
93
29%
Mar.
Feb.
Jan.
Jan.
Jan.
Jan.
5
29
i,
4 154
10 110%
8 70
20 104
July 2»
Jan. 28
Jau. 3
Feb. 11
2 84% Aug. 1
19 12878 Mar. 6
6 121 7« .Mar. 5
12 147% May 27
8 91% Jan.
7
19 54% Aug. 5
20 123% June 3
Jan. 7
8 75
)5 99% Aug. 15
19 40 Mav 13
66
80% June 2
149% Apr. 7
167% Feb. 29
16% June
2
19% Jan.
a
45
8
54
»
Jan.
June 23
4
30% Juue 21
7% June 22
9%
51%
Mar.
Jan. 7
Jau. 11
Feb. 29
Julv 22
Jan. 22 141 Aug. 1-1
15 110 Jan. 6
978 July 19 15% Jan. 4
39 May 23 56% Feb. 18
20% Jan. 19 27% Apr. 18
69% Jan. 5 80 Apr. 18
120 Jan, 19 140% Mar. 9
95 Jan. 18 112 June 17
68% Aug. 26 84% Jan. 2
Jan. 7
2378 Apr. 4 31
14%Jan. 6 24 Mar. 18
104 Jan. 2 139 Aug. 1»
104 Jan. 20 117 Mar. 5
21% Aug. 10
Feb. 2
8
18 Mar. 6 48% Aug. lO
14 Juue 6 20% Jau. 13
24 Juue 6 33% Jan. 13
54% Juue 7 65% Jan. 4,
34% Jan. 27 42% Jan. 2
Mar. 29 91 June 21
85
109% July 11 119% Mar. 5
15% July 7 22% Jan. 5
72 May 10 31% Jan. 4
33% July 6 45 Jan. 4
25% June 8 34% Jan. 2
62% July 6 77% Mar. 5
Mar. 3
3078 Aug. 24 59
224 Jau. 15 252 June 2
18 June 6 23% Feb. 11
10% Jau. 4 16% Aug. 25.
41% Jan. 2 69% Aug. 22
10% July 5 18 Jau. 4
43 July la 56 Jan. 4
18% May 14 26% Jan. 2
51% Ma. 24 72% Jan. Z
20% M • 17 24 Jan. &
19 Jan. 12 37% Mar. 23
70 July 13 91% Jan. 28
22 July 1 33% Jan. 4
16% July 6 2278 Jan. 4
38 Jau. 19 65 Feb. 11
23 May 5 30% Jan. 5
58% July 7 67% Jau. 5
38 July 6 45% Ajir. 296% Juue 27 17% Feb. 12
38 June 21 79 Feb. IB
36 Juue 20 41 Jan. 5
68 Feb. 26 74 Mar. 11
110 Jan. 19 113% June 30
6% July 14 11% Jan. 2
14 July 14 22% Jan. 2
39% July 6 4878 Jan. 7
103 Jau. 19 107% May 26112 Feb. 26 116%Jan. 4
35% Aug. IS 41% Jan. 6
7 JiUy 1 14% Jan. 4
23 Apr. 1 29% Aug. 28.
46 Jan. 28 52% Feb. 13
81 Aug. 17 88 Feb. 11
36% July 12 60% Jan. 4
Jau. 4
1578 July 11 25
10 Juue 8 15% Jan. 4
300 119
.
138
Jan.
Jan.
Feb.
20
xll9%Jan.l5 145
Evansvllle ATerre Haute
Great Northern, pref
Illinois Central
Iowa Central
'
•107% 109
14
16
21
22
69
Jan.
Jan.
Jau. 6
2,431 12278 Jan. 8
23,870 138% Jan. 19
110
*Ga
141 142%
99%
99% 99% 99
•12
12
12% "12
12%
12
12'ii
42
43% 42
43*5 •42
Do
pref.
43% •42
24% 24% "2378 24% Lake Erie & Western
24
24% 24
Do
pref.
77% 75% 75% 75% 75%
75% 76
135% 135% 135% 135 135% 13478 135 Lake Shore Mich. Southern.
110 111
110% 110% l>ong Island
110 111
•109% 111 '10»%110% 110 110
68% 69% 68% 6878 Louisville A Nasliville
69
69% 69»8 70% 69«8 70% 68^8 70
25% l.K>nl8v. New Alb. & Chicago..
*23% 26
25% 25% 25% 25% 25
25% 25% 25% 26
•22
23
22% 22* L<»uisTiIle St. Louis & Texas
*21% 23
»21% 23
22% 22% '21% 23
140
•99% 100% •99
May 20 28
9 64%
38%
9 44%
66
111%
435 10S%Jan.
64 June
5,250
15
1,610
pref.
East Tennessee Va.
•33
Jan. 4,
Jan. 3
Mar. 12
Jan. 13
6 139
28,588 96% June
60 Aug.
173 98 Jan.
48,595 75% Apr.
578 120% Jan.
6,105 114% July
110 141% Jan.
50,001 75% June
8,110 44 Jan.
pref
& St. L.
pref.
Columhns Hocking Val. & To!
Cleve. Clncin. Chic,
3478
4,335
124
82% 82% ChioagoMllwaukee&St.Paul.
12
pref
Do
120
66
99
21 46%
578
Apr. 21
Mar. 9 101%
Mar. 22 94%
July 6 64%
Jan. 19 145
Aug. 12 35
95%
86%
29%
iBt pref
2d pref
Highest
32% May
4
2.900
1,250
1.110
2,765
1802.
sales in 1892.
Lowest.
Paciiio
101% 101% Chicago Burlington A Quincy.
-59
61% Chicago & Eastern Illinois
•98% 99%
pref.
Do
m9
•10% 12
39%
29% 30%
23% 23%
•63
63%
"43% 44%
>.
*33
Week,
Shares.
97% 97% Baltimore & Ohio
126''8 127^ '126% 127i« 126% 126% 126%
126% 127
117 117% 117% 11778 117% 117% 117% 117% 116%
112%
81%
81% 82% 81% 83% 82% 83% 82% 83
80»8 SO'e
52%
53
53%
>*
53
52% 53% 53
51\ 52% 52% 53
120
121 121% 120 122
'120% 121
'120 122
121
66=3
66
66%
66% 66% 66=(.
65<>8 66
66% 66% 66
•98
•its
99
69% 99% 99% •98
*
99
99% •.18
•31%
3479
35
•34%
35
34% 34^ 34% 34'8 34% 3478
•76% 78»i •76% 77% •76% 77% 78
'76% 78
77
77
138% 138% 137
138% 139 < 138% 139
137% 139
136% 137
157% 158% 156% 158% 157% 158% 156%
155% 16578 156% 159
•16
•16
17
'16
*16
•16
17
•16
17
17
17
49
49%
48-'^ 4859
49
49% 49-«. 49
*48% 49
49
'1%
•4%
5
4% 5
4% 5
4% 4%
4% 414
•126
8T0CKB.
Friday,
Aug. 26.
3878
•4
5
97^8
89%
89
53% 69% 59% 59%
IBS'*
135%
136
I34I9 136
135% 135% 135%
"29% 30%
*;!9>ii
30>a *29% 30% •29% 30%
24% 24% 24% 24% 23% 24%
23'e 24%
*63
63% 62% 62% 'd3% 63%
63
63
•44% 45
•JS"* 44'« *43% 44% •43% 45
'145
151
150 150
145 150 •145 150
101%
102%
102%
i023e 103% xl01%102% 101%
•59
61%
•59
62
•59
62
62
98% 99% •98% 99%
99
*98% 99% 99
82% 82^4 82% 83% 82*8 83% 82% 8278
59^
63 «
io2%
38^
SB's
5
P7»8
SB'S
Wednesday,
Aug. 24.
Tuesday,
Aug. 23.
1,
Range of
Bales
of the
HiaBBBT AM) LOWEST PRICKS.
6,685
2,056
1,800
99% Aug.
22% Juue
2
,
69
210 15%
8
Aug. 1
Aug. 18
May 20
33% Jan
40% Jaiu
80% Jan.
21% Jan.
4
5
4
4
I
SI
Do
111% 114% Am. Sugar Ref.Co
104% 103%'
Do
82 % 83% Chicago Gas Co., trust
pref.l
32%Jiiu. 19 477fl Aug.
Jan. 19 SS's Aug.
Jan. 19 115% Aug.
5,900! 90
Jan. 19 107% Aug.
2, 83% Aug.
38,2151 71% Jan.
7,511
1.688:
161,023
pref.
reo'ts
38% 39% Colorado Coal A Iron
117% 118% Consolidated Gas Co
48% 49%]Ulstilliiig A Cattle Feed'gCo
26,4441
63%
78%
28% May
3,270102
Jan,
18
18
25
19
23
24 39% Jan. 11
l.T ^18%.^^ug. 2(>
7
9! 67% Jan.
7 119% Aug. 19
7 131% Aug. 26
4 123% Aug. 17
24: 46% Aug. 23
44.985 44% Mar.
115% 117 iGeneral Electric Co
12.944 104% Julv
130% 1307e National Cordage Co
17,420, 91% Mar.
120% 121 m'
Jo
pref
3,440 100 Jau.
44% 45% National Lead Co
71,465 30% Mar.
98% 98%'
Do
Nar. 241 99% Aug. 22
pref
13,742 81
*i3% 1478 North American Co
•23
*-:3
25
.....;
4,710 11% May 181 IS'sJau. 4
25
•24
•23
26
•23
25
25
*23
•33
Oregon
25
Improvement
33% *-3
Co
19
Juue
14 29% Jan. 4
.
33% 33
83% •33
33% 33% 33% •33
34 Pacific Mall
56
55
1,000 33 July 16i 40% Jan. 4
56% fifl
56% 56
55% 65% •55
Pipe LineCertifleatesS
56
9' 64% Jau. 13
51%
July
45,000
•i96 197 'i9ii 197
190 197
197
197% 198
198 198 Pullman Palace Car Co
83% 83% 82% 83% 82% 83 197
1,330 184 Jan. 4 200% May 11
83
83
84% 84% •83% 84 Silver BulUou Certificates
>32
34% •;>2% 3t% 34
12
95% Jan. 4
82%
Aug
340,000!
35% 31% 34% 84% 35% 35
«3 100
35% Temiessee Coal A Iron
ICO 100
2,200 31% July 11 50% Mar. 10
• •••
100
100
100
ICO
CS'a »»% 98% 9978 99% 99%
Do
Apr. 21
23
108
92
Feb.
pref
90
99% 98% 99%j 98% 9878 Western Union Telegraph ..'
Jan. 19ll00% Aug. 16
19,192| 82
«. • 111*80 *r« me prices ma au-l askid; no galo male.
6pr 101 i -ro a liu'kii ExyU4a,i68, s
1
.
1
I
. .
Ei
aiviJciia,
August
THE (JHRONICLR
27, 1802.1
325
NE»V VOJIK STUCK EXCIIANWE PlllOfiS {ConUnaaiy-iyAOTIVB STOOKa.
IXACTIVB STOCK*'
Bid.
H Iiicllc«te9 unllHtcxl.
Rutlrond Htorka.
Albany
Atlanta
165
100 160
* »iii«iiirh»nn»
A rUiirlottfl Air l,1I....100| 88
A South. 111. i>ref....lOO 141
Bo»ton*N.Y.AIrUn«i)ret....lOO .....
100; 31,
Brooklyn ElevntcilT
lOOi
40»9
Buffalo Rochester 4 Pitta
100 t 87
Preftrred
100;
85
Bnrl. (V.lar HiinUUANor
100|
Oe<larF«ll»& Slimieaota
SOi 154
Cleveland A I'lttsbiirn
100, .....
Colombia A Ureenvllle i>f
lOOi
Dea Moines A Kort Dodge
100 25
Preferred
100) 13!«i
Duluth 8. Shore A Atlan.H
100 31
PreferredU
100
flint A Pere Marquette
100
Preferred
4>«
100
Sflorgla Paoiflc'H
P.tr.reet.lOO
Wln.ASt.
Bav
Green
3
100,
Houston ATpxiis Centnil
A St.
Feb.
165
Fob.
Jim.
130
102
32
Jan.
Jan.
Jan.
*
No
Jan.
ll^HMay
30
Jan.
82 >« Aug.
T'a Jan.
T'a Jan.
2519
32^ 14
Feb.
25
19>f July
80
Mar.
7
13
5
7
Jan.
Apr.
8
Juno
93
87
July
16
87
7
Mar
96
14
Jan.
Jan.
Jan.
13'4 Aug.
44t Mar.
1038 Apr.
14
May
Aug.
Aug.
14^8 Aug.
35 •« Juno
28 «« Apr.
1 I'll
Ang.
Mar.
4
9
June
150
Jan.
25'« May
8 July
SU
Juno
8I4'\
14
May
I'a
im
Mar.
May
Aug.
26 May
60 May
77«a Feb. 100 Apr.
100 Feb. 112>a Apr.
20>4 Feb.
Lo., cons. 1001
81
100
Auk.
3'4 Mar.
5
Jan.
53
Aug.
143 "g Jan.
1
107%
Apr.
15
May
May
113ig July
26 Jia.
BO'S
8
Juno
152i« Feb.
164 Jan,
89
Aug.
15%
Jan.
Apr.
155
6^ June
179
Aug.
11
Apr.
Apr.
89%
June
100
pref., tr. reeta
May
38>« Mar.
78^ Feb.
180
87 100
Mahonlnit Coal
80,
80 103 109
Preferred
28
MenipUtsA Charleston
100
MeiUan Natlon.U
80
Morris A Ks.sex
100
H. Y. Lack. A Western
20
100 19
m. v. A Northern pref
100 58
61
Norfolk A Southern
100 10>s 12
Peoria A Eastem
Pitts. Ft. Wayne A Chicago.... lOO 1154
100 176 ISO
Kensaelaer A Saratoga
100
Klohniond Tenii.,tr recta
Do
IhOhetl.
128
100
31
13>4
100
100
1801.
160
10
30
8-»
lUlnols Central loased lines.. ..100
100
Kanawha A Michliran
Keokuk A Pes Moines
?i
42
liatet) in
Lowfl.
A8k
Belleville
Preferred
Loulsv. Evans.
Preferred
Rangt
Alia. 26.
11
(t
IifUeatet aetual taUn.)
Aug. 20.
ijcACTivB Stock*.
Indicates nnllsted.
Joseph A Grand Island
Louis Alton A T. II
100
100
83
37
prof
100 180
Do
100
100 74'*
St. L. A San Fran. 1st pref
100
South Carolina
100
Toledo Peoria A Western
Toledo St. Louis A K. Cltyl ...
19
Virginia Midland
100
Bt.
St.
Class B, 5b
Class C, 48
Currency fundtne4»
Arkan8aa-6»,Iui!d.Hol.l9»»-1900
do.
XonHolford
7s, Arkansas Cemtral
Loi.Uia.na— Ts, eons
Bt^mped 4s......
MlKMiurl-Fund
New York
City
KR
1914
-l>»4-lg»5
Bank
of
We omit
Citizens'
Gas
Colorado
of
MaaltatTan Co
Mercbants'
Uecbanlos'
America.
Pheuix.
City
..,.
Tradesmen's
Chemical
MerchantM' Exchange
Oallaun National
Batchers' A Drovers'.
Mechanics' A Trarters
Greenwich
Lsataei Manafact'rs.
Ssventh National
State of New York....
American Exchange..
Commerce
Broadway.
Mercantile
RapnbUc
Chatham
1,200.0
5,000,0
6,000,0
1.000.0
1,000,0
1,600,0
460,0
300,0
700,0
Peoples'
North America.
Hanover
1,000,0
600,0
6U0,C
Irving
Cltlsens'
NSMan
600,0
750,0
600.0
600,0
1,000,0
Market* Falton
-Sk Nicholas
Hhoe A Leather
Com Exchange
Cantlnental.
Oriental
Park
400,0
200,0
600,0
800,0
422,7
Faolfio
Importers'
•
2,000,0
2.0SO,0
2,000,0
2,000.0
3,000,0
1,000.0
1,000,0
750,0
800,0
600,0
1,000,0
800.0
A Traders'
KMt
River
Irjurth National
C»ntral National
Ji»ond National
Nmth Natloma
PiT»t Natioual
Third National
N. Y. Nal'l Kxchange
Bowery
N»w ^ork County
Oerman-Aniencan....
Natioual
Obaw
Avenue
German Exchange.
Fifth
. .
Qsrmanhi
United States
Lincoln
Osrfleid
Filth National
B»nk of the Metrop...
West Side.
Seaboard
Sixtn National
Wajtem NaUonal...
1,000,0
300,0
1,600.0
2,000,0
260,0
8,200,0
2,000.0
800,0
760.0
600,0
1,000.0
300,0
250,0
200.0
760.0
600,0
(100.0
200,0
800,0
600,0
800,0
200,0
i'oo,o
1(00,0
300.0
600,0
200,0
Sjuthem
2,100.0
800.0
1,000,0
T„t«I
BoTrT?
ilr»t Nallonal.B'klyD
National....
Jan.
35% May
384
Aug.
Fob.
Feb.
tTnel
prof
Do
pref
Lohleh A Wilkes. CoalTT
Maryland Coal
Minnesota Iron
National Unseed Oil Co
National Starch Mfg. Co
New Central Coal
Ontario Silver Mining
Pennsylvania Coal
P. Lorlllard Co. pref
Postal Telegraph—Cablell
Quicksilver Mining
-....100
3%
Preferred
100 17
Texas P.-vcitic Land Trust
100 5 13
U. 8. E.-cpress
lOOi 58
Wells, Fargo Express
104
Apr.
8OI3 Jan.
94<4 Jan.
Aug.
93<« Jans
lit Juna
99 Aug. 103% July
12 May
18*4 Jan.
148 Jan. 160 July
29 Juno
26 Feb.
79% May 102% Aug.
17'4 Aor.
IT)
Aug
57 "« Mar.
66 Aug.
19% Juno 25 Feb.
27 M.ir,
23 July
82 Jan.
w71'a May
35 7g Juno
27 Jan.
32 1« May
46 >s Feb.
12 Aug.
10 Hay
>«
37 Apr. 45>a Jan.
275 Feb. 300 Aug.
114 Feb. 118 Jan.
i37 Jan.
874 Aug.
4
314 Mar.
4% Juno
21
16 Mar. 22>4 Jan.
14% 12 July 15H Mar.
60
41 Apr. 60>4 July
147 140 Jan. 147 May
I
Edison Electric Ilium.
Laclede Gas
72
lOOl 142
I
SECURITIES.
Ask.
Bid.
26.
fl43.5
1.91S.6
2,243,9
437,7
2,60H,4
lt«.5
8,981,7
157,3
1,680,7
2fV,i
429,4
156,»
676,0
70,5
494,0
2,20a,9
8,892,8
1,529,6
i,a).s.o
437,4
841,1
863,8
826,4
G06,4
1,773,0
816,0
440.3
266,6
788,0
130.2
248.0
1,296,1
271,0
428,2
6,405,0
2,933,8
136,6
1,796.6
519,6
440.2
195.5
7,147,3
82,2
164,8
621,5
653,6
297,4
•
1,058,1
8P8,5
556.3
620,2
610,3
407,0
450,5
2«6.C
6S2.7
269,6
«0Jl'2
847,7
2^'^.8
793,5
130,2
Ask.
Bid.
1024 New York—6s, loan
I
—
I
99
105
105
77
—
for the
week ending Aug.
ttoo eiphers{00)
Leant.
New York
in all cases.
Llttl$.
•
•
l.POl.S
1,712,9
.
Mar.
26
8>9 .Tan.
102 10i>a
100 95
99
100 •113i« 113%
100 100 101
100
100 157'» 163
100 27
30
100 ;101>» 102%
100 { 23%
1001 64
651a
25
20
100 23
25
100 78is 80
33>4
100 t 33
100 t 33'a
11
100
12
100 39'« 41
50 300
100 111
87
90
Brooklyn
Columbus A Hocking Coal
Commercial Cable
Consol. Coal of Maryland
13.910,0
13,88.-5,0
8,379.5
8,«oe,o
10,734.3
5,5f5,0
14,456.7
2,891.8
36,847.4
4,154,8
6,922.5
1,827.9
2,540,0
1,119,3
3,527.7
1,672,7
8,332.4
18,336.0
20.8911.5
6,1J1,9
9,378.4
3,134,6
13,618.0
6,073.8
2,464,0
6,831,2
17,091,0
8,374.0
S.038.6
2,003.6
4,706,e
8,184,6
2,882,0
7,543,8
6,388,4
2,108,8
24.505,0
27,748,4
1,191,4
22.548,0
9,383,0
5,108,0
3,494.0
87,188,1
5,440,9
1,661,2
2,896.0
3,238,8
3,040,0
15,087,4
6,379.2
8,880,5
2,»10,4
7,865,6
5,119,0
4,0wl.7
1,863,4
4,887,1
3,127,3
4,969,0
1,693,0
12,811,7
5,043,0
2,181,8
1,900,0
2.744,0
1,874,1
1.149,0
2,718.9
*
1,880,0
1,450.0
614,9
896,0
8,104,8
814,0
804,1'
3,473.9
3,555,0
198,0
3,704,0
444,6
6,ti63.4
427.5
6it6.7
276.1
190.0
171.9
664,7
858,9
200.5
2,077,0
813.4
441,3
'.£64.6
9ao,o
320.0
103,0
4»»,l
S«,0
498,9
2.533,0
2,654,0
502,8
1,2.^4,9
1,606,4
187,4
41)7.5
l,60-..9
2,411,5
831,9
442,1
646,6
1,568,6
l,if65.0
963,8
134,4
877,0
5.010,8
374,1
623,4
226,6
538,5
74,0
416.0
1,514,0
1,387,8
153.5
4.950,0
6,aU2,0
168,6
4,743,4
2,301,0
1,( 98,0
616,3
6,570,8
476.3
64,3
580,0
710,0
415,4
8,642,8
1 176,3
183,1
419,6
1,587,0
2,065,6
569,4
175,1
444,2
908,1
39S,4
563,0
357,0
349,7
444,7
1,330,0
3,642,5
171,8
•2,091,6
1,205,0
511,0
323, i
1,521*,0
1,100,3
811.7
173,0
187.3
313,4
1.414,1
881,2
676,2
687,5
1,687,0
367,*
1,006,6
C09,l
917,0
228,0
361,2
314,8
216.3
669.0
292,1
669,0
SOO.O
e46,V
2,841,4
1,032,0
81,4
217,0
318,4
l,099,lj
DtpcHtt.
«7 3110.8 492 n^*.> »«.004 3 67. 387.
•
13,440,0
16.337,0
8,H58.9
7,256,0
31.647.4
5.810.0
16,273.0
3.019.6
27,881.1
4,889,4
5,228,6
1,940,6
2,505,0
1,110,3
3,359.2
1,798,1
2.6-.6,8
16,128,0
16,370,7
6,197,2
10,296.6
3,285.2
15.796.2
6 538 6
3.158.9
6,652,8
20,356.2
3.533.0
3.097.0
3 110 4
5,139,3
2,211,6
8,530,0
7,0|il,l
6,113,9
2,076,1
24,846,0
34,050,5
1,088.9
84,453,9
11,888,0
6,075,0
4,091,9
27,03e,8
8,91'J,6
1,608,3
2,i'H9.0
3,651,5
2,928.7
18,213.5
5,918,8
3,327.8
3.856^
10 342T5
6i842,2
4.961,9
3,085,1
6854,6
2,561,1
5.801.0
1,64U,0
13,967,8
5,210.0
1,655,1
.(24
112.1
<x
Loanj.
5urplii«.
N. Vork.'
SpMle.
••
"
13....
20....
PhllR.*
Ang. 0....
•
13
••
20
...
...
S
S
480,378,8
484,933,3
Ang. «... 127,813, 488,777,1
"
13.... 127,813, 439,771,7
"
20 ... 127,313,2 482,051,3
30.... 127,812,
Boat on.*
Aug. 6...
LniaX; \DtvuM*.^ Oi"?''ii 0<iartn<
<
July 23.... 127,812,
•
8
Boston and Philadelphia Banks:
City,
Capital
Bakks.
Otpital. Surphw.
New York...
Apr.
Jnna
(
Bamkb.
(OOi om4rt<4.)
1
17%
July
40
Mar. 151
July
79
Mar.
4<s
Jan.
29 >t
1893 103
B.C. (cont.)— Brown consol.63.1893
96
105%; North Carolina— 6s, old
JAJ 30
Tennessee— 6s, old
1892-1898 62
ICO
Funding act
1900 10
Comiromise, 3-4-5-68
1912 72
964' New bonds, J. A J
1892-1898
15
New settlemant, 6s
1913 101
12
Chalhana UK
5
24 4
58
1913 100
160 190
Special tax. Class 1
3
4
38
1913 76''8
2
ConsoUilated 4s
1910 98 100
Virginia 6s, old
105
68
1919 123 127
68, consoiiilated bonds
92% U4 Rhode Island— 69, cou.. 1893-1894 1024
6s, cousulidaccd, 2d serles,r«cts.
1U4
South C:ar»lliia- 0«, uon-fand.1888
24 2''8 68, deferred, t'st ree'ts, stamped
64
Bank Statement
20, 1892, is as follows.
BighMt.
lOUJaly
Jan.
75
A Stock Yards. 100
Chlo.Juno.Ry.
Preferred
SECURITIES.
Ask.
Bid.
1906 101
1906 104
1906 OS
1920 95
to 5
9
82
128
in 1892,
iniarellaneona Mtocka.
AdamnKiprcas
100 146 181 143>a Apr. 150>« JnlyJ
sola 43 Feb.
49
American Bank Note CoH
4'JiaJiUy
100 tl20»8 121 116 Feb. 121>«Ang.
American Express
lOOj 86
87>« 80 Jan.
88 July
Am. Telegraph A Cable
96 Jan. 101 July
American Tobacco Co., pref... 100. SB's
I4i« Feb.
100
S"*
Brunswick Company
7>fl July
NEW YORK STOCK EXCHANGE PRICES.—STATS BONDS AUG.
SECTJRTTIES.
(ialet\
Lomett.
week
price Friday; latest price this
Alabama— Class A, 4
RanQt
Ask
Bid.
91,257,8 62, 817,9
91,711,7 61, 7S>5,a
90,835.9.60, W8,l
87,773,3
309,0
>46,994,3
337,6
64,642, 9 170.221,6 10,479,0
64,642, 9 16-*,813,7 10,391.9
68,643, 9 166,219,0 10,281,0
36,793, 7! 107,215,0
3d,79a, 7 108,207,0
35,793, 7 109,078,0
S
531,017,8
529,104,1
318,48i,3
525,231,1
524,412,1
•
I
5,455 1 570.3.1P,0
3,118,5 532.916 9
5.3a8,5 807,351,S
5.10>l..)
648.079 3
3,166,4 561,2^3,0
563.0 150,101.0 4,69.^.0 96,230,5
63 S. 8 147,296,6 4,7JJ.6 86,83S,5
089,0 146,417,0 4,8i»9,0| 83,711,4
39,817,0
38,368,0
38,291,0
119,216.0 3.535.0
C?,838,9
57.711,4
6?, 129.4
113.20,1,1) 3,53d,
ll9,430.0!3,5Jci.0
"• ITe omit two clpiurs in ail these fl^jaret. tlaoiadlOK,
for Boston and Phi athe item " dae to other banks."
d-jlDhla,
i
[Miscellaneous and Unlisted Bonds.— Stock Ex. prices.
IVIUcellaneoufl Bonds.
AllfiOellaneoaa Bonds.
Anier. Water Works— Ist, 68.
iHtcous. 5b, g
,
Cahaba Coal M..U.— 1st
A
Pe
iple's C)a<
C.
Co., Chicago ...
)
l..<t
j
2d
g. 6.4.
g. «a.
lOlijb.
Coal— isl g 6s. 99 >.
Ua:ublB— l8t.g..6^ Iu6<>b.
Pleas. Valley
g. "s..
Ch. Jon. <E S.Yils.- Oal.t.g.,6»
Coloiado Fufl— Geu. 6a
Col. A Hocic. Coal A I.— 6rt, g.
i;onsoru Coal— Convert. 6a..
Cons-Oaa CcChic— Ist gu.59
Denv.C. Wat, ks.—Oen.if.Ss
Procter
A
fiocaiity Cor. 1st cou., g., *».,
Western Union Teiojj'h -7a..
Wheel. L.E.A P.Coal- lal.g.ja
9d>iio.
Il4->4b.
Unlisted Bonds.
w
A Vioks.—Oousoi. j.s, g..
Vlcks. A Merid., lai. 6a
Atlanta A Cli»ri.— lat 7s
Coiuatock Tunuel— Inc. la...
Seorgia Paoldc l.t6sg
2d mort. income ..........
Cousol.5 g
Income 5a
Ala.
Co.— Ist os.
F.— let 6!»....
KiilKon Eiec. lit
EqullabioU. &
Ileiiderrton Bridge Ist g. 63.
Holjokcn Land A Imp.— g.5s.
—
—
Mutu.il Union Teioi<. 6.s g..
Natioual Starch .Mr;^,-l.Ht,63.
Northwestern Telegraph— 78
peoria Water Co.— 6<, g..
Mem.
90
100
113
16
102
61 b.
11 b.
95 b.
Laieat price this week.
A Charleston—CQn.7 g.
*
NoTK.— "ti" Indicates orlce bid "a" orloe atlccd.
Bank Stock List Latest prices of ^b.^ink stocks this week.
:
—
BANKS.
,
Bid.
America
212
Am. Exoh... 158
Bowery
309
Broatlway... 280
Bntchs' A I>r. 185
Central
137
Chase
450
BANKS.
Ask.
218
160
315
290
190
Fifth Ave..
Fifth
First
First N., 8. 1.
14th street.
Fourth
20u0
Bid.
Ask.,
BAI<lli.a.
I
,
Uia.
4800
500
Im.
A Trad's'
Irving.
166
Leatuer Ufa'
Pheuix
!3I0
400
Qerman Am. 120
German Ex.
Oermaula
Greenwich...
Hanover
Hud. River..
{Lincoln
198'
Manhattan...
137
20O
116
iMarketAFnl
Meohauloa'..
{il'ohs'ATr*'.
.Mercantile...
i Merchants'..
iMerch'ta Bx.
n Metropolitan
320 333
2600
Metropolis...
110
flMt. Morris ..
170
Murray UUl.
300 807 y Nassau....
I
I
i
'410
Ask.
New
York...
N.Y. County. 020
N.Y.Nat-KX. 128
Ninth
122
Irfth Ward.. 17u
.V. America.. 166
Oriental
330
Paoiao
luo
Park
318
People's.
300
Chatham
.... 400
Cheimcal.... 4400
City
430
Citisena'
158
Coinoibla
270
Commerce... 196
Oonunental 130
Corn KxclL... 260
Deposit
113
Bast Klver.. 146
nth Ward... 200
I
Gallatin
Qarltold
140
13S
386
:i22
PtiHluce Ex. 130
Uepabllo
170
Seaboard.... 173
IV,
189
180
Seoond
,323
<127
Serenih
8hoeAl«aUi. 156
St. NtoboUM. 128
State of N.¥. 115
isiT"
166
Third
no
Tradesmen's. 109
Culul State* ilO 235
130 >« 183
V'aaMrn..
276
«'»«t .aide.
THE CHRONICLE
326
[Vol LV,
.'JXCHANftES.
BOSTON. PHILADELPHIA AND BVLTIXOKE STOCK
Sales
Prices.
Centum
B^ Sbare Price* — not Per
Range of salee in 1892,
of the
Active Stocks.
f lodicatcB unlisted
Saturday,
Monday,
Ang. 20.
Aug. 22.
Tuesday,
Aug. 23.
38=8 39 14
39%
38%
* S. Fe (Boslm).iOO
"
100
4 Pao.
BsltliDOTe 4 Ohio <J!oW.J.100
Ateb. T.
"
"
2d preferred
BOBton & Albany ( Boston)
Boston Jk Lo-well
Boston & Maine
100
100
1 00
100
100
100
100
100
97%
132
132
204i« 204ii 204%
18114
181 181
1771s 1771s 178
178 178
•16
•16
17
*16
17
Oantral of Mass.
'40%
41
4II9 •40
41
Preferred
102
10318
10238 IO214 10258
Ohlo.Bnr.&Quln.
82^8
8258
82%
82
82
Ohio. Mil. & St. P. rPA«.j.ioo
•48
Ohio. & W. Mich. (£oston).100
•538
*5--«
*5ifl
6
7
"
100
COOTe. * Canton
.
4014
•414
*4>4
Atlaiitlo
let preferred
38B8
204i«
•204
ism
'
20
100 •19»4 2OJ4
88%
891s "sg" 89
100
"79"' •76"
100
* Pere Marq. "
"
100
Preferred
341*
33
•33
33
Hlllit4Br.Top.rPft««>. 50 33
•53 1« 53''8
54
"
SO
Preferred
"ioH
601* 60%
"
50 "eo" 60
I*hlghTaUey
Maine Central (Boiton).lOO
"
100
Heilcan Central
"
100
B. Y. A N. Eng.
"
Preferred....
15Js
1538
33^ 33^
100
Korthem CentraUBaH.;. 50 •64
Borthem Pacific fPhita.) 100 *20SI» 21
.
"
100 55Ja 551*
Preferred
181
?Id Colony.... CBo«(on;. 100 181
54Ja 54=8
ennsylvanla.. (PhUa.). 50
"
50
Philadel. & Erie.
"
50
Phila. & Reading
Bnmmit Branch fBosfon;. 50
"
100
Onion Paciflo
•sm
....
2878
2838
15% 15%
32I9
85
•64
21
38=9
UnltedCos.ofN.J.rPAito.JlOO 22914 2291s
8
8
WeetemN.Y.&ParPMo.; .100
5638
18.1
54%
3856
20
89
\
20
76
75
•32% 33% •32% 33
33
54
5378 5378
537e
6II4
"
Preferrea
BeU Telephone
Boet
..
& Montana
Bntte & Boston
1538
WestEndLand.. (BosVn)
* Bid and asked prices;
21%
57
54''8
73%
•em
61%
•31%
29%
38T8
"39% '39%
'228% 230
8%
8
il6% 11738 118
119% 119% 119% 119%
18
I8J4
53% 53%
18%
•18
54
53''8
*56i4 ...
•56%
•13
...
I8I4 I8I4
18%
no sale was made.
Bid.
40
16
74
73% 74
S3
"si"
28=8
8%
8
M
*7'8
'•
'
Boston Land
"
Centennial Mining...
Fort Wayne ElectricH
"
Mining
Preurliurn'uBayL'nd
Huron Mining
"
"
"
lllnoix excel H
Kears.irge Mining
Met. Trac. Co
"
"
"
10
10
25
25
S
25
100
25
(PAi^a.)
Morrii' Canal (luar. 4. (I'hila.) .100
Tamaraek Mining
TbonidiiT
"
290
5
7%
12%
121s
7
906 43
•72
10
61% 61%
45% 45%
18% 18%
13%
18% 18%
18% 18%
1919,
A&O
3838
13
2,540
31
18% 18%
83
41%
104%
104
103%
92% 93%
93%
7
31
Ogden.
& L. C.,Con.68.1920,A&0^
Inc. 6s
Rutland, l8t, 6s
110
„1920
1902
.40
M&N
1898,F&A
Bonds.-Philadelihia
Allegheny Val.,7 3 108, 1896, J&J
M&N
Atlantic City Ist 5s, g., I919,
11
Belvidere Del., 1st, 68.. 1002, J&D
Catawissa, M.,7s
moO F&A
2838 Char. Cin.&Chic.lst5g, 1947
Clearlield 4 Jeff., Ist, 6s. 1927, J&J
Connecting. 68
1900-04, M4S
13
Del. 4 B'd Br'k, Ist, 78. 1905, F&A
13
E<«ton&Am. l8tM.,5s.l920
5% Elmir. &Wilm., Ist, 68.1910, J&J
106
Q—
M&N
tl37%
Interest.
Feb. 16
11538 Aug; 25
107% Aug. 19
210
Feb.
July
Feb.
Jan.
Jan.
Jan.
Jan. 15
45'8
May 28
17% Jan.
Aug.
Aug.
61«8 Aug.
47% July
300
73
May 12
55%
Feb. IS
Aug. 23
Sid.
118
126
Bonds.— Baltimore.
Pitts.
&
1900,
Ohio 4g., 1935,
Conn., 5 g...l925,
115
111
125
114
105
115%
101
88
76
General mort. 4%», g.l924,Q—
Lelilgh Valley, 1st 68.. .1898,
^"1
S2
""•,-
Consol. 8..
1
165
1910,
6338
1923
North Peun. 1st, 78.. ..1896, M&N
Gen. M. 76
1903, J&J
Pennsylvania gen. 69, r..l910, Var
CoDHol.Os.c
..
1905. Var
1
Lost prioe.tltls week.
103
111
126%
130%
121
635»
105
131
118
107
115
66
117
104
Staten Island, 2d, 5 g.l92B, J&.I 103
Bal.&Ohio 8. W.,l8t,4%g.l990, J&J 105% 106
CapeF.&Yad.,8er.A.,6g.l9t6, J&D
96
Series B., 6 g
96
1916, J&D
Series C, 6 g
96
1916, J&D
Cent. Ohio, 4%g
1930, M&8
Charl. Col.&Aug. 1st 78.1895, J&J
Ga. Car. & Nor. 1 9t 5 g. . 1929, J&J
North. Cent. 68
1900, J4J
69
1904, J&J
Series A, 5s
1926, J&J
4%s
1925, A&O
Oxf.&Clark.,iut.gu.,6 g.l937,M&N
Piedm.&Cum., Ist, 5g. 1911, F&A
Pitts. & Councils. l8t 78. 1898. J&J
Virginia Mid., 1st 6s. -.1906, M&S
2d Series, 63
1911 M&S
3d Series, 68
1916, M4S
4th Series, 3-4-5s
192 1, M&S
5th Series, 58
1926, M&S
West Va.C.&P.lst,6g. 1911, J&J
J&D 111% 112%
M&8 133% 134 >«
J&D 131 131%
76%
70% 70%
A&O 95 102
A40 101% 102%
F&A
127% West'i.y.C.
111
16
14
18% Jan. 3
20% May 10
Atlanta &Charl., Ist78, 1907, JfcJ
&
5
15
23
21
57
Q—
Baltimore
4
June 17
Mar.
59, r
Income 6s
H2S
Jan.
Jan.
Consol. 6 g.l914, J&J
Wilm. Col. & Aug., 69. .1910, J&D
119%
MISCELLANEO0S.
Hunt.& Br'dTop,Con.58.'95,A&0 103 104
Baltimore—City Hall6s. 1900, Q—
Lehigh Nav.4%8
1914, u—
110%
FundingOs
1900, Q—
11% 11% 2d 6s, gold
1897, J&D 110
Weat Maryl'd BK. Os.. 1902, J&J
25
26 160
100
May
1038 Feb. 18
1919, Var
Collat. Tr. 4% g
1913, J4D
Pa. 4 N. Y. Canal, 7s... 1906, J&D
Consol. 58
1939, A&O
Perkiomen, l9t ser., 5s. 1918,
Philiu&Eriegen.M.5g., 1920, A&O
Gen. mort., 4 g
1920, A&O
Phila & Read, new 4 g., 1958, J4J
lat pref. income, 5 g, 1958, Feb 1
2d pref. income, 5 g, 1958, Feb. 1
3d pref. income, 5 g, 1958, Feb. 1
2d, 78
1893, A&O
Consol. mort. 78
1911, J&D
1911, J&D
Consol. mort. 6 g
ImprovementM. 6 g., 1897, A40
.
4
50% Jan.
232
Bonds.
Penna. Consol.
39
60%
43%
8
11
40% Mar. 3
34% Feb. 11
90 14% Feb.
309 48% Jan.
22 50% Feb.
100 12 May
763 16% Jan.
Ask.
K.C. Mem. 4 Bir.,lst,5s,1927, M4S
K.C. St. Jo. 4 C. B., 7s. . 1907, J4J
90
L. Rock 4 Ft. 8., 1st, 78. . 1905, J4J
92
93%
Louis.,Ev.&St.L.,lst,6g.l926,A40 ,110% 112
2m.,5— 6g
1936, A&O
Mar. H. 4 Ont., 68
1925, A&O
109
Exten. 68
1923, J4D 106
Mexican Central, 4 g... 1911, J&J
67% 68%
1st consol.incomea, 3 g, non-ciun.
29%
2d coneol. incomes, 38, non-cum.
17
N. Y. & N.Eng,, 1st, 7s, 1905, J&J
122
Ist mort. 68
1905, J&J
113
2d mort. 6s
1902, F&
104%
2d mort., scaled, 58.. .1902, F&A
90c. 1-00
t
1,660
61% 60% 61
61
61% •61
•43
45
4538
45
45
117 117% 117% 117%| 116 117
116'e 118
119 119
•119% 119% 119 119% 119 119
17% 17% 17% 17% *17
18
18
54
54% 54
54% 54% •54
54
54
•36%
•36%
57
57
57
57
13T8 14% •14
14
14% 14
295
•72% 74
2d, 58
10
75
28
9%
30 253
Iowa Division 4s
I
And aooraed
9%
Jan.
5738 Jan.
Chlc.4W.Mich. gen. 59, 1921, J4D
97%
Consol. of Vermont. 58.1913, J4J
98
98% Con.M.,5 g.,stamped,19"22,M&N 105%
Current River, Ist, 58..1927, A40 ,t
90
Phil. Wilm. &Balt., 48.1917, A&O 101%
Det. Lana.4Nor'nM.7s.l907, J4J ,105
106
Pitts. C. 4 St. L., 79. ...1900, F&A 114%
E astern let mort. 6 g., 1 906, M4S )t22% 124
Po'keepsie Bridge, 6 g.l936, F&A
I ree.Elk. 4M. V.,lst, 6s.l933, A40
123% Schuyl.B.E.Slde,lst5 g.l935, J4D 110
Unstamped Ist, 6s
1933, A40
122% 8teuben.&Ind.,l8tm.,5s.l914,J&J 106
K.C. C.48pring.,lst,5g.,1925,A40
90
United N. J., 6 g
1894, A&O 103
K. C. P. 8. 4 M. con. 68, 1928, M4N
104% Warren & Frank., l8t.,78,1896,F&A 106
16% 17
Preierred guar. 10
"
100 200
OsoeolH Mining
(Botton). 25
31
Pullman I-uldcc Car..
"
100
"
"
9%
293
Chic.Burl.4Quincy4s..l922,F4A
73%
87% 88
25
City PiisBcngei BR... (Bo/<.). 25
Bay
(Botton). 60
" State Gas
9%
93e
293
At.Top.48.P.100-yr.4g.,1989, J4J
100-year income 5 g., 1989.8ept.
Burl. 4 Mo. River Exempt 6s, J&J
1918, J&J
Non-exempt 6b
Plain 4b
1910, J4J
Chic. Burl. 4 Nor. l8t5,1926, A&O
mort.
6s
1918,
J4D
2d
Debenture 68
1896, J4D
73
62
20
12
109
110
9%
295
10
4
71
t
9%
297
73
72%
187
7% June
210 192
2,770 31
4
13
25
6
19
2438 Jan.
54% July
31% Aug.
445
1
58% Mar. 3
114% Jan. 9
69% Mar. 16
26% Jan. 5
May
51'eMay
164% Jan.
28
31
12
137% May 17
283i6 158,028 193 If Jan.
8%
June 22
1105s Jan.
84% Aug.
55 Mar.
28!
8
Feb.
20! 23
Jan.
19 92 May
20) 28% Mar.
25! 87
Apr.
271 37% Apr.
53% July
62% Feb.
Mar.
July
Aug.
1858
June 16
Mar. 9
18% June 21
43% June 22
1'
Bid.
51%
MI8CI^U.AllE0Cg.
(Botton). 25
t
1,163
8,340
22
2,600
5
Feb. 15
185
3938 40%
39
393e 12,458
12 x223%Mar
228% 230 •228% 230
230
Inactive stoclcs.
23% 25
Wisconsin Central... (£a«ton).100
Preferred
"
loO
Worc'et.Naah.4Roch.
"
100
% UnUsiwt.
54%
•31%
29i3if
Thom.Europ.E.WeldH (Boston) 100
"
100
Water Power
"
50
Westing. El. tr. rec.TI
Bonds— Boston.
, ,
,
WeldV.
54=8
A up.
25% Jan.
46% Jan.
50% .Tan.
290
74
Ask.
26.
36
100
9%
297
73
iieij
Ban. Cyrt.8.4Mem.(Bo«(on).100
"
Preferred
100
"
100
K. City Mem. 4 Birm.
Uttle Schuylkill
(Phila.). 50
KancheBt«r 4 Law.. (£o<(on). 100
aryland Central....
(Ball.) 50
nine Hill 4 8. Haven (Phila.). 50
"
BesquehoniugVal....
50
Borthcrn N. H
(Bo»(on).100
Worth PennsylTanla. (Phila.). 50
Oregon Short Line. ..fios(onj. 100
?»rker8burK
(Bait.) 50
ennsylvanla 4 N.W. (PhUa.) 50
Baleigh 4 Oaston
(£a((.)100
Bntland
(Botton) .100
Preferred
100
Seaboard 4 Koanoke. (Bait.) 100
"
let preferred
100
WestEBd
(Bosttm). 50
"
Preferred
50
West Jersey
(Phila.). 50
"
West Jersey & Allan.
50
Western Maryland..
(Ball.). 50
"
Wilm. Col. & Augusta
100
"
Wllmliigt'n4Weldon
100
i;ic.
56%
183
4
Jan.
Jan.
183% June 30
850 14%
31
647 75 May
36 63 July
85
65
21
56
135
123
209
5 Mar.
36'9 July
39% 40%
*8
•2058
July
16,913
3356
•64%
21%
56%
54% 54%
54% 54%
230
32
84
19
75
112
15%
84
56
183
2938 29I3i6
61%
45%
6138
45
.
Buncy Mining
64% 64%
21
21%
5638 56%
•31%
299
298
84
87
Atlanta 4 Charlotte (J?aZ^).100
Boston 4 ProTidence(JSo»(on).100 250%
Ounden 4 Atantic pf (Phila.). 50 27
"
50
9%
Oatawissa
"
50 60%
1st preferred
"
50
2d preferred.......
53
Central Ohio
(Bait.). 50
"
100
Oharl. Col. & Augusta
125
Connecticut 4 Pass. (Boston). 100
'*
100 1225
Connecticut River...
Delaware 4 Bound Br.(PAUa.).100
"
H»r.Fort8.Mt.Joy4L.
50
82%
77
Frsnliliu
85
eo's
Feb.
81% Jan.
10
3,333
129% 131
15% 15%
31%
31
•83
•64
21
3238
31
83
2938 2916ie
9%
9
938
300
*72i4
Inactive Stocks.l
Allonez Mining
Atlantic Mining
6058
5''8
100% Mar. 15
Feb.
19
42
200
lll%113i« 112%1135e 113% 11438
106 106T8
105% 105% 106 106
206 206
206 207
207 207
205% 207
205 203
100 '204 205
3558 36%
36% 36''e
3559 35%
33% 36
35%
36%
37
37
25
Oalnmet &Hecla
Canton Co
r^oZ<.;.100
"
100
OonsolldatedGas
Brie Telephone (Botlon).lOO
"
100
General Electric.
"
100
Preferred
50
XiKBSon Store Ser. "
ftehl'hCoal&Nar 'PAtJ.y 50
B.Eng. Telephone C.BogCn^lOO
Berth American. CPA«.;.100
PrUet of August
61%
61
15% 15%
48
100
102
53%
132
Mar.
30,463 7858
113%H45e 114% 11538 111% 114
2,311 99%
106% 106% 105% 106% 101% 103%
*9
25
25 >295
.
60% 61%
46%
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
5% July
75
33
75
•32
Highest
May
96% June
75% Apr.
100
6
20
78
niBcellanerinii Stocks.
Ain.8ug'rRefln.TI CBoston;
88% 88%
4
84
130
5,210
8,800
•5% 6
19% 19% •19% 20
88%
88%
88% 88%
•5%
5'8
•31%
8
8
82%
49% 49%
41
102% 101% 101%
82% 825e
82'e
101''8
10238 10158 102
83% 8268 83
*40
Lowest.
3238
116
80 199
51 173
221 159
50 15% Apr.
33 J.an.
206
178% 177% 177%
•16% 17
17
30
228% 230
1
130
206
41
25
10
98
•16
182%
54%
541s
*31is
2858
97% 97% 97% •97
132
132% 132% 132
42% •40% 41% •40
85
•
Shares.
39% 55,430
206
182
85
561s
Aug. 26.
205
64
55%
Week,
39
39'8
438
439
Friday,
20d"'
31% 33%
21
4%
•4%
|
181 181
178
1781^ 178
le'e le'e
17
ss'e
21
'51s
38
1538
39%
40
3958
204% 205"
"-
H
Auff. 24.
182
"
Preferred....
fJtohbnrgpref.
Thursday,
Aug. 25.
Wednesday,
1916, M&N
1916, M&N
1930, J&J
Virginia (State) v'Ss, i>ew. 1932, J&J
Chesapeake Gas, 68
1900, J&D
Oonaol. Gas, 68
1910, J&D
5s
1939, J&J
EnnitabLe (taa. 69
191 i. A&i>
Water 5s
Funding 58
Exchange 3Vi!8
101% 102
102
102%
H2 112%
116
110
106
97
114
113
112
104
75
99
lOS
100
114%
100
108% 109
85
116
87
118
124%
100%
74% 74%
109%
loo's
108
115
101
111
116
101%
AUGUST
THE CHRONICLE.
87, 1892.]
NEW YOKE STOCK EXCHANftE PRICES
MUCBU
BiJJ.BOAD AWD
I
_^
(ConUant>i).—AOTIVB
l^iSi*' Rimv* (talti)
BOJTLi. 5*!?^^''
.'^,>
T
'w
M 1892.
I
827
BONDS AUGUST
BAIUtOAD AKD MlSOBL. BoHDS.
Uighttl.
I
a6,
AND FOR YEAR
t«99.
[Ototng HanQ$ fiat—) <n 1803.
inMr**!
itrtod.
Priet
/I Ml/.
26
Lowul.
Uti/Kett
4 Di*117 b. 113 Feb. 118 Mar
Amer. Cotton OH, deb., 8 K-IOOO] Q-I;
8588 June
07T,J»i
General mortgage, -t8... 1938 M 4 8 6514b. 61 « Apr.
AtTop.*8.K.-lOO-yr.,4g.l989 J * J 83><b. 81% Fob.
00
J
4 Jjl27'sb. 120% Jan. |132 Juna
3s
58 May
66% Jan.
Naeh.0h.4 8t.L.-lst,7s.l913
1989 "opu
lOO-year Income, SB
b. 103 >• Jan.
100
1928'A
0,103
Mb.
74
Jan.
4
........
68
July
Oon.,5g
07
Feb.
-.1937
4
(f..
Atl. * I'ac.-Uuar,
IOII4 May 105
N.Y.Central-Kxtend.,58.1893M 4 N 102
Mar.
1910 J 4 J 11 b. 10 Aui?. 14i4Jan.
W.I).tn.-..«.
124isb. ia3i«Jan. 129 Jana
1903
b. Ill
119
J
4
J
*
O|120
July
Jnn.
lBt,ooapon,78
i;i..v»l'<Hiit,0,K.1924|A
Brookri.
10518 -fKu. 110 Juno
Deben.,fiB,ooup., I884..1904 M 4 B 109 b. 107 Is .Mar. 110
Feb.
0»n. 8oiitU.-l8t(««»r-. &» 19»8J * Jiiou
120 May 12314 Apr.
N. Y. 4 Harlem-7s, reg. 1900;M 4 N
.1913 M A B 103%b. 100 Mar. 104''8 Fob.
Sd.Si
11514 Aug.
09
11. W. 4 Ogd.— Con., 58. 1922 A 4 O U3isb. nil* Apr.
67% Aug. 85 Fob.
Cent. «».— 8 A SV. Istoon-.WiB
N.Y. Chlo. 4 8t. U—4g...l937 A A O 97 Mb. 95 Jan. 100 June
Osntxalof N. J.— ConB.,7».»H!»9 Q-J 1*115 b. 11!5 Jan. 119 Juno
1906 J 4 J* 113iflb. Ill July 115i«jan«
N. Y. Elevated-78
1902 MA N liir.iib.ll20 Jan. 1231s Mar.
Oonnol.. 7»
Jill
125 Jan. 130 Jane
10!t>«
114
-19871
Juno
*
Jan.
N. V.Laok.4W.-lst,6s..l92l!J 4 J 130
J
General mortitttitP..'^
1923: F 4 A llOisb. 109
Aug. 112% July
Oonatrnotlon, 58
S!^h."w^?.?con ,^. a8M.1900! Q-M 112 b lo-.^, Jan. 114 Juno
140
b.
I8414 Mar. 130% Aug.
M
N|
102
H
Aug.
4
8
4
i)4
Jan.
N.Y.L.E.4W.—
Ist,oon.,7g.l920
1912
do ninru'uae. iin
1893 J 4 D 103%b. 02 !« Juno 06 14 uar
Long Dook.7s
An":iCk.tl1«p..6.....192l!J A J109'..b.lOftJ«JaI.. 111 June
Coii8c>l.,6g
1935 A 4 D 123 b. II7I4 Apr. !l22'« Aug.
Central riuinc-Oold,68..18U8,J *J108 b.|101)Vj Jan. 113 June
Feb.
1909 J 4 D 104% 1041s Juno 109 Is .May
2doon«ol.,6 g
Ohee. 4 0hlo-Mort..6 g.. 1911 A 4 O 11, b. lUi« Apr. 1 19
...!..1939MA
N
103%
103>«
107
Apr.
N.
M 4 3 112''ijb. 110% Apr. 116 jai
Jan.
Y.
g..l914
Ont.
W.-lst,
4
8
lVtoon»ol...'>g....
Consol. lst,5g.....
1989 J 4 D lOS'sb. 100 Jan. 108% May
1992 M A S 8-t a 81% June 84'8 MSy
Gfcn 4V
J
A
J
809«a.
J 4 J 105 b 103 Jan. 107 June
81
Aug.
N.Y.Sm.AW.—
76
Jan.
I8tref.,6g.l937
R.AA.Ul¥.,lBtoon..2-4|t.l989
8OI4 Juue
117%b. 116 Apr. Ji2 MarMidland of N. J., 6 g.... 1910 A 4
do 2(leon.,4g...l989 J A J 78 b. 75>« Jan.
J
J|121i
1911
.M A N|102isb.
»8 Apr. ios Aug.
A
b.l21i«Jan.
120
Norf.
Juue
A
South.1st,
5
g...
Ohio. Burl. AQ.-Con.,7».1903
Norf. A W.— 100-year,
4 J 93 b. 93 Apr. 96>«Ma7
g. 19901
1913 JI * ? JS'^J'^- 1«»1 Jo"- 1051s Apr.
Debenture.iS
92
95 jai
»t
S
a.
A
;lCS)'8b.jl07
114
g.l941IJ
91 Feb.
Jan.
Md.AWash.
Div.-l8t,5
A
J
June
1903
ConvertlM^.'.i«
North. Pac— Ist, coup., 6g. 1921
4 JlllO'8 115 Jan. 119 Juno
1922 F A Al 92 ^b. 91 ij Feb.
941s Juno
Denver l)lvUlon,4s
0*
H
b.
11414b.
A
g..l933
112%
Apr.
116%
Nt
88
Aur.
General,
2d,
coup.,
6
88>«Mnr.
A
911s
Mar.
»ebra»ka Kxtenxlon, 49.1927
General, 3d, coup.,6 g..l937
A DIO71*) IO6I4 July 111 Apr.
owe. * B. lll.-l»t,B.f., 08.1907 J A D,115 b. 1121s Jan. 1181s .May
19H9
Consol. niort.,5g
4 D 771s 7314 June 80% j£u
1934 A A oll2m)b. 120% Apr. I2314 July
ConBOl.jOx
82 Feb.
CUic. A N. P.-l8t, 5 g...l940
A O 8116
761s Apr.
97 Jan. 104 Apr.
Qenc-al consol. let, 59. .1937 M A N lou
97i«Jan. 1041s Apr.
North. Pac. AMon.— 6g...l938
A a 96%b, 941s May 103 Feb.
ChicaKO.kKrie- l8t,4-5 g.l9H2 M AN 101
Hi82lOot'b'r 50
53% Feb. North. Pao. Tor. Co.— 6 g..l933 A J 105 b. 105 Jau. 108% Apr.
48 Jan.
Income, 5b
4 J llliab. Ill Jan. 115'«Ji.o
Jan.
94% Juue Ohio A Miss.- Cons. B.f.,78 1 898
Ohio. Oa«L. AC.-l8t,5K.1937 J A J Uli^b. 86
1898
4 J 11114b. 110 Mar. 115 June
Consol., 78
Ohlo.Mll.A8t.P.-ron.78.1905 J A J 128»9b. 12514 Jan. I3214 June
J
J*
g...l921
A 114>sb. II219 Jan. 1161s Apr. OhloSouthern— iBt, 6
4 D 110 b. 106 Jan. lllj* May
iBt.Bouthwest DlT., 68.1909
1921 M 4 N 60 b 61 June 66'8 Mar.
General mort., 4 g
June
iBt.Bo. Mln. l)lv., 08....1910 J A J lie b. I13i« Jan. 118
110i«
Omaha A 8t. Louis— 4 g ..1937 J A J 60 b. 62 >s Apr. 66 July
106 Jan. 111 Juue
Ist.Cli.APac.W.lMv., 58.1921 J A
103 iib- 100 <4 Jan. 100 June Oregon Imp. Co. - Ist, 6 g. 1910
A D 102 b, 991a June 1041s Feb.
Chlo. A Mo. Rlv. Dlv., 58.1926 J A
J
107
4
b. 103
1939
4 O 67isb, 64 Apr. 71'4Jan.
Consol., o g
Jan. 108 May
WlB. AMlun. Dlv., 6 g..l921
108 b. 103 Jan 108% Aug.
Ore.R.4Nav Co.— Ist, 6 g. 1909
A J 11014b, 109^9 Jan. 112 June
1914 J 4
Terminal, 5 g
J
4
1925
AD 92 a. 90 May 96 Feb.
9114a. 86 14 Jan.
Consol.,5g
Gen. M., 4 g., series A... 1989
921s June
115 b. lim Jan. 117 Aug.
1921
4 J loeisb. 105% Jau. 109'9 Jan«
Pa. Co. —41s g., coupon
Mll.ANor.—lBt, con., 68.1913 J 4
Q—
138
920
b. 137
4 J 102isb. IO214 Aug. 110 Feb.
Peo. Dec. A Evans v.— 6 g 1
Feb. 1 42 Apr.
Ohlo.AN.W.-ConBOl.,7B..1915
EvansvUle Div., 6g.;..1920 M A 8,100 b. 100 Apr. 108 Jan.
1902 J 4 D 125 b, 1231s Jan. 127i4May
Coupon, cold, 78
~
A
b.
A OjllO b. 116 Jan. 120 Mar.
68 Aug. 71^ Mar.
2d mort., 5 g
M AN 68
1929
einklUK /iiud,68
83ie Jan.
87%
I'hila. A Bead.- Gen., 4 g.l958 J 4 J
1929 A A 0*110 a. 1051s May Ill June
8I11I1IUH fund, 58
9059jun«
79'4 Aug.
MA
N!l09 b. 105 Apr. 109 Aug.
1958 Feb.
1st pref. income, 5 g
761a
691s Feb.
Sinking fund deben., 58.1933
70%
53% Feb.
1958 Feb.
2d pref.income, 5 g
86-year debenlnre.S... .1909 M A NjlOC b. 103>s May 107 Mar.
6314
37 Jan.
1958 Feb.
1926 F A A 96iib 96 Jan. lOOisJau.
3d pref. income, 5 g
BitenBlon, 4e
iPittsburg A Western— 4 g.l917 J A J Slifcb. 8OI4 Jan.
Mar. 101 Apr.
Ohio. Peo. A8t. I.oulB— 5K.1928 M A 8100 a. 96
Ohlo.R.I.APac.-6a,eoui).19l7 J A J*,123'eb, 121 Jan. 126% June IKich. A Dan v.— Con., 6 g.. 1915 J A J 108%b, 1105 July
85 Feb.
1936 A A O 81isa. 75 Apr.
Consol., 5g
Extension and col., 59. ..1934'J A J 101 b. 100 Is July 1041a May
Rich. AW.P.Ter.-Tru8t,6 g 1 897 F A A 79
75 June 100 Feb.
95 Jan.
30-year dcbent. .5e
1931JM AS] 9719
981a Feb.
4114 June 72% Feb.
Con. Ist A col. trust, 5 g. 191 MAS 47
Ohlo.et.L.&Pitt.-Con.,5g.l932 A A Oi«109 b 105 Jan. 110 May
'Rio G. Western— Ist, 4 g..l93U J A J 7934
76% Jan. 83 June
120 Feb. 1241s May
Chic. 8t. P. M. AO.— 6e....l930'J A 1> 121''8
88 Jan.
Cleveland A Canton— 5.- -1917iJ A J| 90
951s June 1st. Jo. A Gr. Island— 6 g..l925 MAN 95 b. 94 May 100 Mar.
July 108% j»"8t. L. Alt. AT. H.— I8t,7s.l894 J A J *i06 b. 107
0. C. C. AI.-COU901..7 ({.1914' J A D,*130 b. 1281s Jan. 135% May
1934'J A J •120 b. 118'*s Jan. 123 July
St. Louis A Iron Mountain—
General consul.. 6 e
1897 MA N 108%b, 10716 May 109 1« Feb.
aC.C.ASt.l..— Peo.AE.48.1940 A A O 8014b. 79 June 83 Feb.
2d,7g
1990 April. 2H b. 26 June 34is Feb.
Cairo Ark. A Texas, 7 g 1 897 J A D 105 b. 1041s .Tune 109
Income, 49
Mar.
lOlijb.i
1900 F 4 A
99 May 1031s Jan.
Gen. R'y A land gr.,5g-.193l A A O 85I9
83% Apr. 8t>'«Mar.
Ool. Coal AlroD— 6g
Juue 115
15 Apr.
74 Jan.
St.L. &8au Fr.-6 g.,Cl.B-1900 MA N 11314b. 111
Ool. Mldlaud-Con.,4 g...l940F A A 6914a. 6713 Aug.
871* Jau.
98 July
6 g.. Class C
1906 MAN 113%!). 111 May 115 Apr
Ool.H.Val.ATol.— Con.,5g.l931iM A S 97i«
1904 J A 1) 100 Is
General mort., 6g
93 Jan. 105 May
1931 J A J 107 b. 100% Jan. 111 June
Qeneral,eg
07 July
OenTerARIoO.— lat,7g.l900M A N 117 b. 115% May 119 Apr. St. L. So.West.- lat, 4s, g. 1989 MAN 701s
1936|J A J 83>s
2d, 48, g., Income
1989 J A J 32%
27 July 37"* Jan.
lltaonBOl.,4g
77% Jan. 85 June
S.F.M. AM.— Dak. Ex., 6 g. 1910 MA N 11814b. 1161s Jau. 119'«Aug.
I>et.B.atyAArpena— 6g.l913 J A J 73 a. 70 Jan. 80 Feb.
Det.Mac.AM-— l,'d(5rant8.1911 A A O 38 b. 36 Apr. 4414 June
Ist consol., 6 g
1933 J AJ 120isb. 1181s Jan. 1231s JuM
reduced to 41s g--- J A J 101
do
97 Jan. 103 Apr,
Dnl. 80. 8h. A Atl.— 5g....l937 J A J lOmb. 95 Mar. 105 May
901* May
MontanaExteusion, 4 g.l937 J A D 8Sisb. 87 14 Jan.
E.Temi.V AO.-Con.,5fi;.1956 M A M 94
90 Mar. 100 Feb.
Knoxyllle AOhlo, 6 g...l925 J A J 95 b. 961s June 108 Jan.
San A. A Aran. P.— Ist.Og. 1910 J A J *67 b. 65 Apr
May
7,Z
70 Aug.
EUi. Lex. &Bl(t8au.-Sg.l902 M A 8 99 14
81
Mar. 100 Aug.
l8t, 6 g
1920 J A J 67 b. 61 Jan.
97 j,3y
City 6g-.1921'J AD 101
SeattleU8.AE.—l8t,gu. 6.1931 F A A 94isa. 90 Apr.
rt W. ADenT.City—
981s Jan. 105 May
eal.H.A8an A n.-W. Div.lBt.Sg. M A N 98 b. 9508 .May 98% Apr.
106%b. 106 Apr. 1081s Mar.
So. Car.— Ist, 6 g.,exooup.l920
22 Jan,
Han. A 8t. Job.— Cons., 68.1911 M A S'll8iib.;il5 Apr, 11 8% Feb.
Income,6s
1931
14 Apr.
1952X4 O 103 b, 961s Jan, 1021s Feb. 80. Pac, Ariz.— 6 g
DUnolB Central— 4 g
1909-10 u
102%b. 101 Feb. 107 14 Jane
Aug.
11418b II214 Jan. 116 Mar.
lat. AGt.No.— lst,6g....l919M A N 128 b. tl08 Feb. 130
So. PaciUc, Cal.— 6 g.... 1905-12 A
Coup.,6 g.,tr.rec.stmp<1.1909,M A 8 76 b. 73% July
82 Jan.
Ist, consol., gold, 5 g
1938 A
99 b 99 "4 Mar. 102 Mar.
lo-waCentral-lat.Sg
1938J AD 89%
89 JiUy
96 Feb.
1911 J
106 b. IOII3 Jan. 1081s Jane
So. Paciflc, N.M.— 6g
KentaokyC^utral- 4g....lB8T'J A -J 83isb. 81 Jan. 86 June Tenn.C.I. ARy.— Ten.D.,lBt,6g A
97 June
94 b, 89 Feb.
Kings Co. El.— l8t, 5 g.... 1925 J A J 100 a. 971s Feb. 102 14 June
BIrm. Div., 6g
19I7iJ
93%b. 91 Jan. 100 Jane
SSisb. 80
taoledeOas-lBt, 5g
8514 May
Pac—
Ist,
July
851s May
19191 Q— F
Mar.
A
6
84
76%
Tex.
2000 J
g
LakeErieAWest.— Sg....l937 J A J;110 b. 107 14 Jan. 114 June
2d, luoome. 5 g
2000 March. SOisb. 25 July 341s Mar
li.Bhore— Con.op.,l8t,7e.l900;J A J{120 b. 120 Jan. 123 June Tol. A. A. AN. M.— 6g
AN
104
M
100
90
July
1924
b.
Feb.
Consol. coup.,2d,78
1903IJ 4 D 122isb. l21%Feb. 126 May
19S5iJ A J 100 isb. 1021s Jau. 1091s June
Tol. A Ohio Cent.— 5 g
liOnglBl'd—let,con.,5g.. 19311 Q—
116 b.'ll3 Apr. 117 Aug.
82% June
Tol. Peo. A West.—4 g
1917JJ A J 80>sb. 77 Jau.
General mortgage, 4 g-.1938'J A D 97isb.| 91 Jan.
90 July 101 May
Tol. St.L. A Kan. C.—6g.. 1916 J A D 92
971s Aug.
LODls. A Mash.—<:on8., 78.1898 A AO 114 b.lllMApr. 115
Feb.
Onion Paoiflo— 6 g
1899 J A J 11114b. 110% Jan. lUiiJune
H.O. 4 Mob. Ist, 6 g
1930J 4 J 118isb.'ll7isJau. 1211s Juue
Sinking fund. 88
1893 M A S 107isb. 100 Mar. no's Feb.
do.
2d, 6g
1930'J 4 J 109 b. 108 Jan. llOia Apr.
CoUat. trust 4ia
1918|M A N 05 b, 70 May 7*is Jan.
General, 6g
1930'J 4 D 116 b. 11514 Jan. 1191s May
Gold 68, col. trust uotea.1894 F A A 93
93 Aug. 100 Jan.
4
Unltted, 4 k
Pac.-Den.Div.-6
1940'J
J 79 b. 78% Jan.
109 Feb. Ill "• Apt
82 June
Kau.
g.l899,M A N 111
Nash. Kl. Abb.— l9tgU1.5g.'37F A A lOOieb. 98 Feb. 101 'a June
lstcou901.,6 g
1919 MAN 110
1081s Jau. 114 Apr.
J.onls. N.A. ACh.— 1st, 68.1910 J A J 110 b. lOS'^e Jan. 113
Oregon Short Line— 6 g
101 June 108 Jui.
June
922 F A A 103
83i« Feb.
Consol., 6 g
1916 A A O 103
Or.S.L.AUt'hN.— Cou.5g.l919 A A O 73
99 Apr. 1031s Aug.
731s Aug.
I.olilB. St. L. ATexaa— 6g.l917 F A A
9976
U.P.Den.AQulf con. 5g.l939 J A D 70
69 Aug. 771s Jan.
871s Jan. 100 Aug.
Metro. Elevated- Ist, 6g-1908 J A J 117 b, 1131s Jan. I2OI4 June
Union Elevated— 6 g
1937 M AH* 115%b. 110 Jau. 11014 Aug
Sd,68
1899 MAN 108isb.ll05i4 Jan. lllO Juue
85 Feb.
VlrglniaMld.— Gen. m.,59, 1936 MAN 80 b.l 761s May
Mich. Cent.— l8t,con.,78..1902 M A N 122 b. 121 May 1241s Apr.
do
stamped guar. MAN 80 b. 791s May 87 Feb.
Oon801.,58
1902 MA K 107iiib. 106is Mav 108i» Apr.
Wabash— lBt,5g
1939 M A N 105i4b.il03i8 Jan. 107 Apr.
85 Jan.
MU.Lake8h.AW.— lBt,0g.l921 M A N 127 b. 123 Jan 128 July
2d mortgage, 5 g
1939. F A A sols
791s .Mar.
50 Jan.
Exten. AInip.,5 g
1929 F A A 107
Debent. H., series B
1939 J A J 37 b.l 35 July
1041s Mar. 110 July
M.K. AT.— 1st 4b, g
1990 J A D 8OI4
102 'nb. 101% Jau. 105 June
West Shore— Guar., 48
79 June 83 May
2361 J A
Sd 4s,g
1990 F A A 48
99 Jan. 105 May
10218
West. N.Y. A Pa.— iBt, 5 g. 1937 J A
54% Jan.
451s July
31 14 July
35% Feb. I
Mo. Faolflo— lBt,oon.,8g.l920M A N 111 b. 1061s May 111% Aug.
2d mort„3g.,58C
1927 A A Oj 32%
4,78
1906 MA N 113 b. 1121s Jan. :il6 Jan.
WeBt. Un.Tel.— Col. tr.,5e.l938 J A J|l03ivl>. lOOie Jau. lOOlsJoMJ
Pac.ofMr-.— I9t,ex.,4g.l938 F A A 96isb. 96"8 Aug. 100 Jan.
Mar.
96>4Ja>a]
90
J
.Wis.
__. Cent. Co.— Ist,
4
_
90isb.i
„
1937
J
g
2de\teDfit;d.5B
'34 b. 33 June 431s Jao. '
1938 J A J 106%a. 102% Jan 109 June
1937'
locome.Sg
NOTK— "b Indicates price frid ; " a " price a»A-<d ; the Range is made up from actual sales only.
* Latest price thl* week.
Coupon o&
tfobUe4 0hlo-New,6g..l927|J
107'4 Jun. lis 14 June
1123»
.
'
l>.
ft.
1
il'
,5
I
.
-
.
I
I
-
I
''a
. -
"
.
.
. .
1
I
"^8
!
)
1
fi
'
t
NEW YORK STOCK EXCHANtlE PRICES—(Continaed).—/iV:AC27l^^ BONDS— AUQUST
SECURrriEs.
Bid.
4 O. W., Ist, g., 4M.-.1990
Monun. River, l8tg.,g. 59.. .1019
Railroad Bonds.
B.
Kxchangt Priea.)
Alabama Mld.-let. g., guar.. 1928
I stock
Atlantic A Danv.— l9t e., 6s. .1917
AtL 4 Pac.-2d W. D.. gn. 6s,. 1907
alt 4 0hio— l8»,68,ParkB.1919
SECURITIES.
Ask.
8.
Bid.
HenflOhlo Rcor.— Ist, 4i«ii. 1930 iosii
91
62
Ak.A Ch.Junc— lst,g,58.gu.l930
Tun. A W.— Deb. 5s. 1913
Brooklyn Elevated— 2d, 3-5s. 1915
Brunswick A W'n— Ist, g. 4s, 1988
5«. gold
1925
Sua. Koch. A PItW.—Gen., 58.1937
Oons. mort., goll. 59
1988 112
1921 119
Roch. A Pitt8.— let, 68
y. V a- A Pitts.- Ist. e., 5^..1U!)0 10;-)
niMi«ollrtafdl8t,69.1923 116
do
price Friday; these are ttie latest qao(aU»u« made this week.
o
•18
119'
Best. H.
SECURITIES.
Bid.
Aak.
Burl Ced. Rap. 4 No.— Ist, 58.1906
Consol. A cullat. trust, 5s... 1934
104
105%
Aek.
108
9S.
A St. L.— Ist, 78, gu..l927
A West.— Ist, 7»..-. 1909
Rap. I. P. 4 N., Isl, 68.1920
9514
95>*
Minn.
122 >4
Iowa
1021s
Ced.
Ist,
C.
59
1921
C.Ohio-'Jol..tCin.M.l.'<t,4io9.193U
1021s Oent. RB. A Bank.— Col. g.6s.l937
CUat.RomeACol.— Gtdg
11 sis
1937
Vnt. of N. J.—Conv. dsb., 0«.190«
101
101
90
96**
•0
THE CHRONICLE.
328
[Vou LV,
NEW YORK STOCK EXCHANGE VRICES.-INAOTIVE BONDS-rContinued)-AUaUST
Bid.
8ECUKITIE8.
Central Paclflc— Gold bds, 68, 1895 106
1896 loe"*
Gold bonds, 6»
1897 lO?"*
Gold bonds, 6s....
1900 108»8
Ban Joaouln Br., 68
1039 99
Mort. gild 59
1900| 100
Land grant, 59, g......
1918 100
C. it O. Div., ext., g. 59
*108is
West. Paeinc-Bouds,68....1899
No. Bailway (Cal.)-l8t, 68.1907
100
..1938
.
SO.year 58
109i« 111
Clies. A O.— Pur. M. fund, 68.1898
120
117>s
1908
68, Kold, series A
Craig Valley-let, e., 58 ...1940
.1941
58.
Warm 6pr. Val., Ist. g
104
Ches. O. & So. West.— l8t 68, g.l911 100
1911
6g
Oh'. V. --GVn!con.l8t,pu.g,5s.l938
1893 101 '8
78
Ist,
ChieaRO & Alton—
1903 118%
Blnking fund, 68
116
78.1900
1st,
Louis. & Mo. Kiver—
1900
2d, 7s
loai^
1894
l8t,7a
Cliic—
Bt. L. Jacks. &
Mlss.R. Bridge— 1st, s. f., e»-1912
lOSifi
..1926
5s..
1st,
Nor.—
Chic. Burl. <fe
2(1
Debenture r.«
i-4§!J?
f..l901 1041s
Ohio. Burling.
Iowa Div.— Sink, fund, 5s. .1919 106 14
1919 96
48
fund,
Sinking
881*
1921
Plain, 48
58.1936
1st
Coal—
Indiana
Chic &
Bhl. Mil. & St.P.— l8t,8s,P.D.1898
1898 123
2d, 7 3-lOs, P. D
1902 127
let, 7s, $ c, E. D
122
78.1893
Division,
Crosse
l8t. La
1897 123
l8t, I. & M., 78
<fe
Q.—59,
72
1899
1903
1908
1919
1910
1910
l6t,L& D.,78
Ist.C. &M., 78
124
cons. .1926
mnt & P. Marq.—Mort., 6s. . .1920
1939
59
gold,
con.
Ist
1939
Port Huron— Ist, 59
..1918
5s..
l9tg.
&Pen.—
Cen
Pla.
Worth & R. G.— Ist g., 58. .1928
([vans.
& Indian.— Ist,
n
Glal.
Har.
Gal.
II.
961s
1021s
73
103
& 8. A.— 2d mort., 78. 1905
.
1931
West. Div., 2d 6s
Xst,
Ist,
I.
<fe
La
C.
—
C—
1951
1950
Cairo Bridge— 43
1898
Springt. Div.—Coup., 6s
1921
Middle Dlv.—Beg., 53
C.St. L. AN. O.—Ten. 1., 73.1897 112
1897 112
Ist, consol., 79
A Pal.— 1st,
6s
1930
DulutliAMauitoba— l.'it,g.6sl930
Dul.AMan Dak.Div.— Ist6s.l937
Coeurd'Alene— 1st, 6s, gold. 1916
Gen. 1st, g., 69
1938
lOlis
1181s
1261*
129
I23I4
Do
1907
2d, 69
1951
Gold, 5s, coupon
1951
Memp, Div., Istg. 49
2d Div., 7s ...1894
Dub. A S.
Ced. Falls AMinn.— Ist, 78.. 1907
126
Ind. D. A 8pr.— 1st 78, ex. cp.l906
126I3 Ind.D.AW.— IstSs. g.,tr.reo..l947
C—
981s
90
120
«
price Friday; these are the
latest auotoaons
made thU wee».
For miscellaaeoas
123
120
108
961a
83%
'1161s
*»5
100
'1031s 1051a
73
95
110
1041a
Series B...
1900
A C—lat, 7s.. .1912
140
1912
1371a
1912 131
1331a
121
8. fd., 78.1900 119
Gen. 4i«s, g., "A"
1942
St. L. V. A T. H.— 1st, 68., 73.1897 11014
2d, 7s
1898
2d. guar., 78
189S
100
Gd.R.ALExt.— Ist.4iss,0.g.l941
W.
Pitts. Ft.
1161s
—
1251s
129»a
102i«
do
P.C.AS.L.-lst,c.,79
a
«o
Spokane
St.Paul A N. P.— Gen., 6s. .1923
HelenaARedM'n— l8t,g.,63.1937
Cent, Washington— l8t,g.,68.1938
771a Norfolk A West.— General, 63.1931
New River, 1st, 69
73
1932
100
Imp. A Ext., 69
1931
Adjustment M., 78
36
1924
Equipment, 5s
112
1908
112''8
ClmcU Val. 1st 59
1957
128
Roamike&So.— 1st, gu. 59, g.l923
Scioto Val. A N. E.— lst,48..1990
107
Ohio A Miss— 2d consol. 7s. ..1911
66»4
Spring.Div.- 1st 78
1905
General 5s
921s
1932
Ohio River RR.— 1st, 5s
1936
103
Gen. g., 58
1937
*93is
Oregon A Califor.— Ist, 5s, g.l927
97
971s Oreg. RvvtNav.— Col.tr. g..59.1919
>107
Pan. Sink.F'd Subsidy— 6s, g. 1910
'112
Penn.-P.C.CASt.L.Cn.g.4issA1940
.
'
North'n Pacific-Divld'dscrip ext.
James River Val.— lat, 69... 1930
Ga. Car. & Nor.— Ist, gu. 5s, g 1929
1927 TOis
Ga. So. & Fla.— 1st, g. 63
Grand Rap. &Ind.— Gen. 59. .1924
I8t6s.rect8.1911
&8t.P.—
G. B. W.
35
2d income, trust rects
1937 106
Housatonio- Cons, gold 5s
N. Haven ADerby, Cons. 59.. 1918
Waco A K. 78.. 1903 122
Hous. AT.
1937 1061s
1st g., 58 (Int. gtd)
1912 101
Cons. g. 6s (int. gtd)
1921
651s
Gen. g. 48. (Int. gtd)
Debent. 63, prln. A int. gtd.1897 *87
76
Debent. 49, prin. A Int. gtd.1897
niinois Central— Ist, g., 48 ...1951 1021s
291s
2d, 58, gold, trust receipts.. 1948
Inc. M. bonds, trust receipts
Int.AG.N'n— l8t,68,g.,cou.off.l919 1091s
126
Kanawha A Mich.—Jlort. 48.1990 76
105
Kan. C.Wyan.AN.W.— I6t,5s.l938
92
83
118 119
KiDg8Co.-F.El.,lst,.5,g.,gu.A.1929
*103 1051s Lake Erie A West.— 2d g., 58.1941
101 Is
103 105
L. 8h. A M. So.— C. P.AA.—79.1892 i'oi"
110
Buff. A Er.—New bonds, 78.1898 115
1906 124
Det. M. AT.— 1st, 73
1051s
Lake Shore—Div. bonds, 78.1899 II714
'109
II7I4. 118
112
5s.l938
1st
gu.
All.
R.—
Kal.
A G.
Its
Mahon'g Coal BR.— Ist, 53.1934 109 112
>«
109
gu.g.4iss.l940
103
104
Lehigh V.,N.Y.—l9t
i-.;a
Lehigh V.Term.—l9tgu 5s,g.l941 nils 113
1900 126
80
] .Itchf. Car.A West.— Ist 6s. g. 191
Iowa Midland- l8t, 8s
1898 1151s 117
Peninsula— Ist, conv., 7s. ..1898
1/Ong Island— l3t, 78
78.1898
i'ls'
Milwaukee—
1st,
1927
Ohlc. &
N. Y. A R'way B.— 1st, g. 5s.
22i«
1907 128
1927
Win. & St. P.— 2d, 73
2d mortg., inc
1905 113
yMil. AMad.- 1st, 69
N.Y.AMai. Beach.— 1st, 78, 1897 100
3tt. C. F. & St. P.— Ist, 5s. 1909 100 K
NY. R.AM. B.— let con. 5s.g. 1935
1910 1061*
Sortheru 111.— 1st, 53
Brookl'nAMontaulc- l8t,6s.l911
lOlij
1911
l,h.Peo.<feSt.L.— Con.lst,g.5d.l939
lat, 53
F.
D.
1
8t
48.
1905
aB.I.&P.-l>.M.&
79
SmithtownAPt.Jefr.- lst,7s 1901 loo's
1905
Ist, 2ias
Louis.Evans.ASt. L.— Con.59.1939
871s
1905
Extension, 4s
110>4
Louis. A Nash.— Cecil. Br, 78.1907 108
Keokuk & Des M.— 1st, 5s.. 1923 95 100
E. U. A Nash.— Ist 6s, g....l9l9 112
1131s
125
Ohio. St, P. (k Minn.— Ist, 63. -.1918 122
1920 108
Pensaeola Divi.siou, 6s
1919 124 1261s
St. Paul &S. C— Ist, 63
8t. Louis Division, Ist, 68.. .1921 11814
Oilo. & W. Ind.— l8t, s. f., 63.1919
61
]9iO
2d, 38
1932 116i«
General mortgage, 69
Leb. Branch Extension .. .1»93 100
1921
Chic. & West MicU— 5s
Nashv. A Decatur— Ist, 78.. 1900 112
113
Oln Ham. i D.—Con. s. f., 6.1905 123
8. f.,68.— 8. A N. Ala
1910 102
1937 *96
2d, gold, 4159
9714
10-40, gold, 6s
1924 lOlis
9Sis 99
Cln.'D. &It'n-lst,gu. 5s, g. 1941
50 year 5s, g.,
1937 1021s
Oln. Jatk. & Mac— Ist, g., 5».1936
Pens. AAt.-lst,08, gold... 1921 101
t02
Olev. Ak. &. Col.-E<i. & 2d 68.1930
Collat. trust, 58, g
1931 IO2I2
O.C.C. & St. L., Cairo div.—4s, 1939
Lou.N.Alb.ACh.— Gcn.m.g.58.1910 74i<
BtLou.Dlv.- I6tcol.ts't48,g.l990 "91
Lou. N. O. ATex.— l8t, 4s.... 1934
95
Bpring.&Col.Div.— Ist.g. 48. 1940
2d mort., 59
1934
WhiteW.Val.Div.— l8t,g. 48. 1940
Louis. St. L. A Tex.— 2d g, 69. .191
Cln.Wab.&M.Div.— Ist,g.4s.l991 S0>4 90iii Manhattan Ry.— Con9. Is
1990
Un. I. St. L. & C— lst,g.,4s.l930 94
."!".;
Manito.S.W.Colouiza'n— 5s,g.l934
Conaol ,6s
1920
Memphis A Charl.- 68, gold.. 1924 '87"
Cln.8an.&Cl —Con.lst,g.58, 1928
*
1st con. Teun lien, 73
1915
118
OLCoi. Cin. & Ind.— l8t, 7s,s.f.l899 116
Mexican Ceut. Consol.— 4s, g.l911
68
Consol. sink, fund, 78
1914 130
Ist, eons, income 3s, g
1939
Oleve. &MaU. V.— Gold, 5s... 1938
Mexican National- 1st, g., 6s. 1927 95
Colorado Midland— Ist, g., 6s.l936 109 10b 1,
2d, Income, 6s, "A"
1917
3712
Columbia <t Green.— l8t, 6s. ..1916 *95 110
Michigan Central—68
1909 US'*
2d, 68
1920
Coupon, 5s
1931
Del. Lack. &W.— Mort. 78
1907 1321s
Mortgage 4s
1940
100 Is
Byra. Biug. & N. Y.— 1st, 78.1906 *132
Mil. L. 8.AW.—Conv. deb., 53.1907 *::::;:
Morris* Essex—Ist, 78
1914 *141is 1421s
Mich. Div., 1st, 68
1924
Bonds, 7«
1900 •110
Asliland Division— 1st, 63 ..1925 i23
7b of 1871
1901 *123
Incomes
109
l8t, con., guar., 7s
1915 *138
Minn.A
St. L.— lat, g. 78
1927 127
Del. & Hud. Can.— Ooupon 7s,1894 109
Iowa
Extension,
Ist,
7s
1909
129
131
Pa. Div., coup., 7s
1917 142
2d mortg., 7a
1891 *100i4
Albany & Susq.— Ist, gu.,7a 1906
130
SouthwestExt.- 1.3t, 78
1910
128
1st, cons., guar., 68
1906 1191s
Pacific Ext.— 1st, 63
1921 103
Kens. & Sar.— Ist, coup., 78.1921 * 144 Is
Impr.
A
equipment,
6s
1922
102
103
Itauver City Cable— Ist, 6s. .1903
981s 101
Minn. A Pac— lat mortg., 53.1936
Denv. &R. O.— Imp., g., 5s... 1928 78
81
Minn.St.P.AS.S.M—
lstc.K.4s.l938
Duluth ii Iron Range— Ist 5s.l937
Mo.K.AT.— K.C.AP., Ist,48,g.l990 70
76
B. Tenn. Va. & Ga.— 1st, 78... 1900 1113b
Dal. A Waco— Ist, 5s, gu..,.1940
86
87
Divisional 5b
1930 101
Missouri Paeiflc— Trust 5s. ..1917
Ist ext.. gold, 58
1937
iBtcolL, 58, g
1920 so'ii 82
£<l.*lnip.,g.,58
I93g "7318
St.L.AL M.-Ark.Br., 1st, 78.1895 10478
Mobile <te Blrm.— 1st, g., 5s.. 1937
87
Mobile A Ohio— 1st ext., 6s... 1927
Alabama Central— Ist 68. ..1918 *95
St. L. A Cairo—is, guar
1631
Irle— Ist, extended, 78
1897 114
Morgan'sLa. AT.— l3t, 63....1920 il2
2d, extended, 58
1919 117
l8t, 7s
19X8 125 14
Sd, extended, 41SS
1923 llli«
Nash. Chat. A St. L.— 2d, 63 1901
4th, extended, 58
1920
New Orleans A Guit— lat, 68 .1926 104 106
6th, extended, 4s
1928 *101
N. O. A. No. E.-Pr. 1., g., 6s.. 1915
l»t,con., g., Pd,Ts
1920
N. Y. Cent.-Deb. g. 48
neorg., lat lien, 68
1905
1908 iii'is
«. J. June— Guar. 1st, 4a... 1986
N. V. & E.-lst, 78
ioi"
19i6 135
Beech Creek-l»t, gold, 43. .1936
M. Y. L E. i, W.-<bol. tr.,6s.l02S 112
Osw. A Rome— 2d, 5», g.,gu. 19 15 104 1031s
Funded coup., 5s
106
l9B<t
90ie
Bnff. A s. K-Mortg. 69::::i908 •109
....
102
Jefferson— Ist, gu. g. 5s
*H.-l8t, reg.4s.l903 •104
190Q * 10514 106
S"
N. V
Y. ^'i?& Northern— 1st, g.,
Coal&BR.-68.....
•107
58
1927
108
1922
"
2d, 48
Boieka SnrlngB-ist, g., 68";i933
19.27
100
N.Y.OntAWn.— I8t,refun.4s.'l992 63
Brans. * T.H.-l8t,con8.,68..1921
8314 831s
1221s
N. Y. Susq. & West.- 2d, 4138. 1937 '84
MU venion— Istbs
88
1923
Gen. mort., 58, g
^"'- to- Branch-lst, "gV, Ss!
1940
83
1 930
Y. f ex. A Mex.— lBt.4a.gu.l912
D. Extension, 78 . . .
& Dav., 58
&
D.,78
•^l8t, H.
TTlBt, H. & D., 53
Padfic Div., 6s. .1910
&
Chicago
1910
Mineral Point Div. 59
1921
Div., 58
Sup.
0. & L.
Fargo & South., 68, Assn.. .1924
1916
sink,
fund,
59
Inc. conv.
1916
t Dakota <fe Gt. South., 58
..1910
main
line—
68.
&Nor.
Mil.
Oalc.&N.W.— 30 year deb. 58, 1921
Escanaba & L. 8. 1st, 68. ...1901
DesM. & Minn.- l8t, 7S....1907
r
8ECDEITIE8.
Ask.
108
123 125
100 Is 103
& San Ant.— 1st, 63.1910
1st, gold, 3129
s.
Bid.
SECUKITIE8.
Ask
28.
2d, 7a
3d, 7s
Clev. A P.— Cons.,
Peo.AE.-Ind.B.AW.-l8t,pf.7s.l900 1131s II6I2
Ohio Ind.AW.— Istpref.5a..l933
Peoria A Pek. Union— Ist, 63.1921 111
2d mortg., 4ia3
1921
Pitts. Cieve. A Tol.— Ist, 6s... 1922
A L. Er.— 2d g. 58, "A". 1928
1 932
A Y.— 1st 69
A F.— 1st, 5s.. .1916
Pitts.
Pitts.
Pitts.
Pitts.
Mc. K.
Painav.
961a
Shen.A L.E.— lst,g.,58.1940
Pitts.Y'gst'nAA.— lat, 5s,con.l927
Pres. A Ariz. Cent.— Ist, 6s, g.l916
1916
2d income 6s
Rich.
A Danv.— Debenture 6s. 192'
Equip. M.
Atl.
s.
58
f.,g.,
85
78
1909
A Char.— 1st, pref., 71..1897
162
102
79
Income, 6s
1900
do.
Wash.O.AW.-lst,4s,gu.cy.,1924
Rioh.AW.l't.Term.—6s. '97, tr. rec.
Col. trust OS, 1914, tr. rec
Rio Gr. Junct.,lst,guar.,g.,5s.l938
Rio Grande So.— 1st, g., 5s. ..1940
1925
St. Jos. A Gr. Is.— 2dlno
Kan. C. A Omaha— lat, ,59.. 1927
St. L.A. AT.U- 2dpref. 73. .1894
68
105
1894
1894 *62is 65
Dividend bonds
110
Beilev. A So. 111.— lat, 88...1896
1923
Bellov. A Car.- Ist, 6s
Chi.St.L. APad.— lst,gd.g.5s 1917 103
•80
St. Louis So.— 1st, gd. g. 43.1931
72I2
do
2d income, 5s. 1931
1932
Car. AShawt.- 1st g. 49
iisli
A.
1906
P.—
6s,
cl.
St. L. A S.
2d
g.,
1895 100
Equip., 7s
80
193
General 5s
1987 •90
Ist, trust, gold, .5s
68
1990
06
Consol. guar., 4s
Kan. City A S.— 1st, 6s, g...l910
90
Ft. S. A V. B. Bg. -L-ft, 6s. ..1910
Kansas Midland— 1st, 4s, g. 1937
112
1931
St, Paul A Duluth— Ist, 53
1917 108
2d mortj;age 5s
108%
St, Paul Mini! A M.— lat, 7s.. 1909
1909 11814 ii'gia
2d mort., 6s
1922
Minneap. Union- 1st, 63
Mont, Cen.— 1st, guar., 68. .1937
1937
lat guar. g. 5s
2dm. inc.
78
East, Minn., 1st div. 1st 53.1908
San Fran. A N. P.— l8t, g., 53.1919
1931
South Carolina -2d, Os
80. P.1C. Coast— 1st, guar., 49. 1937
rer.KR.As'nof8t.L.-lst,4iss.l939
f., 7s. ..1909
1911
Ist mortaage, 73
Texas Central— 1st, s.
ANew Orleans— l8t,78. 1905
1912 106
Sabine Division, 1st, 68
Third Avenue (N.Y).— IstSa, 1937 1121s 115
•^714
1917
Cad.—
69
Tol. A. A. A
Toledo A. A. AiG'dTr.- g. 68.1921
1919
Tol. A. A. A Mt. PI.— 6«
1940 •85
Tol. A. A. AN. M.— 58, g
Ulster A Del.— 1st, con.,6.,58. 1928 102
1896 106=8 107i«
Union Pacillo— lat, 68
Texas
1st, 68
lat, 6s
Collateral Trust, 68
Collateral Trust, 5s
Kansas Paciflo -let 69,
lat, 68,
C. Br. U.
g
P.— F.
c
,
7s
Atch. Col. A Pac— Ist,
Atch. J. Co. A W.— lat,
1897
1898
1908
190"
g...l895
1896
1895
6s.. .1905
69... 1905
10814 108'8
110
110%
80
105
107
100
87
•82
83 <l
83
74
U. P. Lin. A Col.— Ist, g., 5s. 1918
Oreg.S.L.AU.N.,col.trst.,5s.l919
751a
74
Utah A North.— lat, 7s
1908 100 110
Gold, 5s
1926
Utah Southern— Gen., 7»...1909 101
1909 100
Exten., 1st, 78
VaUey R'y Co. of O.— Con. 6s. 1921
Wabash— Debenture, 8er. A.. 1939
1895 lOOHi
No. Missouri— 1st, 78
flt.L.K.C. AN.— K.E. ARR.78. 1895 10814
BtCharles Br'ge— l8t,6s. . .1908 109
West. Va. C. A Puts.- 1st, 63.1911
Wheel. AL.E.— 1st. 53, cold... 1926 ios'is
1930 •9214
Extension A Imp, g.. ps
no
& VulUtcd Bonds— See 3d page preceding. !§
AcausT
THE CHRONICLR
27, 1803.]
Unueatittjent
329
LaltsI Xtumingt
Boas*.
Wtskorlto
Or. Tr.-((inl.l)et.ur.H Am.
Wk Aiitf
ae,i06
1
Gulf A Chicago. July...!.
Great Nortb'n -
The Investors' Sdpplkment, a pamphlet of 150 pages
contains extended tables of the Stocks and Bonds of Railro<uU,and other Companies, tvith remarks and statistics coneeming the income, financial status, etc., of each Company.
It is published on the last Saturday of every other m'mth
viz., January, March, May, July, September and November,
—
and
furnished without extra charge to all regular subscribers of the Chronicle.
Th« General Quotations of Stocks and Bonds, occupying
tix pages of the Cukonicle, are published on the lliird
Saturday of each month.
is
RAILROAD EARNINGS.
Latat
BoAsa
Kammgt
WeekorVo\
AlUgbeny
Vai.. July
AlSfi.T.*a.
Fe..
UaiX owned .
.
Total ayscem.
'ja
BtUASanF.. 2d
Haltowned.. 2d
Tot.8.L.AS.P 2d
Agg.
total
..
>
2d wk Aug
2d wk Aug
2d
wk
wk
wk
wk
wk
AtUnt«AChar.- .June
Atlanta* Flor'a July
AUanta*W.Pt. jime
Aug
Aug
.\.ug
Aug
Aug
......
Beporttd.
Jan. 1
1891.
1892.
1892
S
223,710
712,133
.12,458
744.593
147,324
31,825
179.150
923,742
50,474
8,446
28,632
B.40.EaatLlne9 .luly
Western Uues July
1,6311,422
_
2,089,883
57.6T9
1.790
3.233
21.206
4.'S0,462
Total
July
Bal.&O.Houthw. 2d wk
Bath A Hatu'nd!' June
Bir.
4
Atlaiilic. July.
Aug
..
Blr.8h.&T»nn.K June....
Kr(ioklynICI(iv..July
Bua.Roch.ih'Ilt 3d wk
'
Bnr.C.Kap.AS July
Aug
'
Oamden &
Atl.
Jiiuo
wk Aug
140.020
63,510
315,055
77.626
420.000
Canadian PaulHc
3cl
Oar.Cum.().(£(;h.
Juno
Oar. Midland. ..
Central of (ia...
Oantralof N.J..
Oantral Pacific
Central of B.C..
1.143
July
6.006
54t.928
June
JiUy
S
704.T2.'i
(
Latal Date.
1891.
*
1,455.3921 1,389,143
20,370,.'i41 19.027.222
1.090,576 1,026.044
21,461,119 20,053,207
f
220,971
676.317
28.408
to
I
134.679 4,024,9,'>2| 3,S34,3r.2
27,824 1,068,100 1,005,321
162,504 5,093,118! 4.889.674
867,229 26.554.336 24,942.911
53,613
354,430
400,106
7.985
27,559
208.792
2' i 7,08 2
1,7.^3,263 10,853,911 10,482.281
40.'i,814 3,377.515 3,102,651
2,219.077 14.231.425 13,584,932
58.996 1.558.900 1,445.548
1.504
10.337
9.033
3.463
23.787
30.274
17.941
110,476
92,294
135,092
60.223 1,973,6^6 1.718.735
272,073 2,256,739 1,880,364
76.070
299.803
304.241
391.000 12,861.489 11,889,056
3.330
16.095
21.853
6,197
31.868
33,832
1.310.828 1.334.528
1,332,641 1,495,162
5.708
6,778
9,500
13,375
41.202
49.831
9.100
8.630
4.390
5,411
1.073
800
8tP. M. AM. July.
EaatofMlnn. July.
MontanaCent.ljuiy
Tilt. "yHtem.'july
HaniHst'nAHbenljuly
llut<^h.&8<iiitb'a July
lllliiolHCentr'l..ljuiy
'ron Uttllway...ljuly
KanawbaAMlcb
wk
wk
wk
wk
Aug
Aug
Aug
Aug
Keokuk
A West. 3i| wk
Erie All. A Bo July
Erie A West . 3d wk
LehlehA Hud.. July.
LeUlgli Valley.. June
Aug
L.
L.
Aug
3(1
Kan.C.WyAN.W July
.
I
.
.
'
1
'.
AW
•
S
984,631
119,048
74,688
825,016
72,896
103,406
l,178.367il,001,318
9,500
13,295
10,224
7,153
1,468,380 l,fi01,856
1,540,811
7,027
11,298
173,676
284.397
208,490
579,000
243,840
57.970
430.835
26,980
7.185
203.136
177,432
514.000
208.333
72,833
530.454
23,123
11.503
Aug'
Aug!
I.,ou.St.L.&'r«x. 3,1
wk Aug
MnmnblBAChas July
(Mexican Cent... Sd wk Aug
JMex. Natiouai 2d wk Aug
IMe.xlean K'wa.T Wk July30
Milwaukee A No 3d wk Aug
.
Mo.Kan.ATex.6J3d wk Aug
Mo.l'ac.&IrouM 3d wk Aug
Mobile
A Ohio
. .
I
July
Monterey&M.G. April
Nasb.Ch.AStb.. July
N.Jersey AN. Y. Miiy
New Orl. A So'u July
r/>S.Y.C.A H.K.July.
136,390
32,318
33.534
414.190
71.580
53,788
13,28
105,437
10l),710
98,261
47.836
33,933
151.831
3.793,039 3,713,130
2.74.!.729 2,534,494
AW.
Juue
Juue
N. Y.AN.Eug.. June
N. ¥. L. E.
N. Y. Pa. & Ohio
0,573,482 S,184.40»
601,127
487.842
645.806
725,805
7,810.414 0,34-4,110
77.700
88,689
60.003
37,449
10,584,627 10,063,149
269,813
260,160
2,083,596 2,122.179
85,535 1,136,18.5 1,015.088
2,359
18,244
20,680
44,854
466,712
448.496
6,298
225.641
188,839
5,105
188,790
178,176
84.035 2,954,110 2,740,305
21,427
632,977
677,633
22,28
182,390
158,648
8,209
228,913
233,1 8^
5,719
45.743
40,683
65,433 2,115,936 1,981,486
37,472
243,769
238,656
Mlneralltauge.. July.
wk
wk
689.674
20,889
42,7.55
6,2 <0
Loula.N. AACU. 3d wk Aug
Louis V.N. CAT. 4tliwkMiiy
•
706,021
18,403
51,180
66,228
Uinneap. A8t.l.. July.
M.St.P. A8.S.M. July.
;jd
3(1
Loulsv.ANasbv.
1891.
43,614
66,617
35,256
12,586
128,367
33.771
33.486
402,420
66,470
72.33
11,071
124.753
137.349
72.453
73.997
33.814
15,193
LoulB.Ev.ASt.L.
10 LtUtMt Oa4t.
1893.
3S,029
8,864
81,515
40.083
L. Roek A Mem. 2<I wk Aug
Long Island
3d wk Aug
LoulB.&iMo.Kiv. May.
Jan.1
1891.
2,171
2,002
47.435
6,015
4,972
80,040
19.514
22.474
7,767
J'k'nv.T.AK.W. juiie
5j9,742
581,820
N. Y. ANonb'n. July
N. Y.Onr. A W..|3d wk
N.Y.8u8(i.A W.. July..
Norf. & Soutb'u, Juno
Norfolk A West
3d wk
M'theaafulS. C.I Juue
Nortb'n Central June
330,639
383,461
2,801,545 2,674,987
170.477
154,588
838.813
036,474
13,207,037 12,278,66»
1,981,075 1,718,541
1,423.7'ii
1,183,424
403,371
311,948
770.0
838,09»
4,807,230 4,428,15ft
2.531,300 2,532,159
1.806.416 2,413,581
1,044,302 1,031,356.
70.263
78,763
1.080,940
896,917
1,661,415 1,150,103
5,348,183 5,430,246
16,110,000 14,891,000'
1,893,897 1,978.862
297.661
293,593
2,912,934 2,398,769
110,312
101,837
75.313
97,00*
23,170,818 23,823,874
14,79.<,'203 13,785,924
3,386,085 3,142,8282,906,004 2,913,416
301,820
292,074
2,185,180 1,872,135.
56,883
47,688
Aug
77,963
65,9:?7
160,430 157,703
930.570
010,683
42,009
223,363
Aug 220.889 208', 451 5,984,193 5,559,68a
41.224
44,513
363,918
422,05S
563,171
576,817 3,328,1 81 3,173,603
Nortbern Pacitlc 3d wk Aug 490,104 447,423 13,9u3.320 14,061,37*
Wis. Ct. Lines. 3d wk Aug
121,339 120,042 3,515,180 3,149.607
N.P.A W.Cent. 3d wk Aug 617,443 507,465 17,418,301 17,210,076ObloAMiss
2d wk Aug 101,180
90,109 2,470,03a 2,487,578
Ohio Klver
2d wk Aug
17,925
16,26?
415,209
398,69ft
ObloSoutberu.. July
46,729
47,673
344, .(90
306,160
Omaha A St. L.. June
48,208
39,877
271,928
217,310
Oregon Imp. Co. Juno
349,200 329.443 1,823,180 1,863,745
Pennsylvania .. July
4,578,672 5,079,782 38,274,124 37,133,193
FeonaDec.AEv. 3d wkAug
19,589
528,9.;6
17,339
551,133
June
Peteraburg
48,335
42,847
287,768
280,957
Pblla. A Erie... June
419,027 468.276 2,3'26,743 2,289,387
Fbila. ARead'g. Julv
1,881,253 1.930,874 12.663,780 11,881,078
Coai&IronCo. July
1,835,498 1,879,403 12,019,143 10,316,284
TotulbotbCos. July
3,716,751 3:816,337 21,683,223:22, 197;90S
Ceut. of N. J.. July
1,310,928 1,334,5^8 8,051,141
,839,788
Lehigh Valley June
1,540,811
Pitts. Mar. A Ch. July
2,253
4,217
22,514
25,087
Pitt.8hen.AL.E. June
33.034
27,220
173,494
131,716
Pittsb. A West'ii January...
94,819 107,049
94,319
107,049
Pitls.Clev.&T. January...
33,017
29,371
38,047
29,371
Pitts.Pain.AF. January...
15,110
15.110
15,589
13,589
Total system 3d wk Aug
51,761
47,6 " ],.304,939 l,384,4ia
Pltt.Youug.AA. July
148,814 184,132
840,186
006,331
Pt. Royal A Aug. June
13,458
116,802
195,444
19,792
Pt.Koy.AW.Car. June
10,328
21,633
133,128
213,283
Pi'cs.iVAriz.Cen. July
13,000
16,830
74,387
75,01ft
yuliicyO.AK.C. July
21,204
18,019
149,210
141,357
Bich.itUauviUe. J aiiuary.
432.900 626,900
432,900
520,900
Vir. Midland.. January.
141.500 183,30<J
141,300
183,300
Ohar.Col.AAu. January...
68.500
6S,600|
95,700
95,700
Col. A Greeny January.
71,600
71,6u0
90.800
90,900
West. No. Car. January.
03,500
63,300
82,500
83,500
Jauu.iry.
Georgia Pae
182,900 168.300
182.000
168,300
Wash.O.A W January.
9.720
9,720
8,900
8,900
Ashv. A Spart Ianu,try.
11.700
11,700
14,0o0
14,000
Total Sya'ni. July
947.430 1,107,020 6,986,986 7,703,829
Rich. A Petersb. June
31.720
178,772
168.843
29,437
Kio(ir'doSoutU. 3d wk Aug
15,223
389,362
143,459
6,000
3d wk Aua
Bio Gr. West
00,700
53,900 1,597,390 1,336, 1'77
Sag.TuscolaAU. July
11.021
54,250
61.473
9,046
8t.L.A.AT.H.B'» 2d wk Aug
27.850
851.764
825,354
29,980
SUL.Ken'et&So luly
20.220
11,657
2,460
1,815
St.L. Southw'rn id WK Aug
88.700
78,000 2.530.997 2,131,216
SLPaulADul'tb July.
905.173
203,337 157,038 1,030,143
8au Aiit.A A.P.. Juno
722,276
639,190
107,037
137,830
8aiideiav.ATeu. July.
392
3,114
5,428
008
,502.295
490,113
8. Fran.AN.Pao. 2d Wk Aug
18,700
20.086
268.03ft
279,186
Sav. Am. A Mon. July
47,974
36,170
Sav.Fla. A West. May
207,273 231.S47 1,373,113 1,500,799
July
38,'20l
53 620
Sllverton
10,000
13,541
195.614
212,14^
SiuuxCityANo. June
33,444
37,776
83.701
Siiuth Bound... Juue
14,305
734.353
933,96»
8outh Carolina July
87,700 114,717
8,051,141 7.839,7J6
6,7»4,520 7,669.697
49.986
50.279
Ohar.Cln.&ChIc July..
79,310
85,571
Oharlest'nASav June
351,319
419.702
Ohar. Suni.ANo. July..
80.061
57.873
Oheraw. A Darl. Juno
38,386
.52.851
Cheraw.ASallgb Juuo
9.72
12.562
Cbe«. AOhlo.,
3d wk Aug 231,202 206,215 5,730,29 i 5.498,200
Ohe§.0. AS. W. 3 wka July 105,669 133.011 1,147.046 1,216,042
Chlo. Bur. & No. June ...
152,963 157,387
971.861
967,453
Ohio. Burl. A w- Juuo ...
3.320.293 2.609.198 18.236.840
OUcA Eaai. lU. 2(1 wk Aug 80.706 79.292 2.377.424 14,760.587
2.241.578
Chicago A Erie. June
202.137 210.132 1,361,273 1.224.414
Chlo. Kal.A S... June
23,947
24,468
OhIo.MU.ASC.F 3(! wk Aug 602,615 806,953 19.261.710 16,128,840
Ohio. AN'thw'u July
2,796,6:10 2,563.l2.i 17.659.826 14,723,470
Ohlc.Peo.AS.Ui 3d WK Aug
30.0721
27,7 1.*!
794,137
686.823
CUIo. K'kl.JiP... July
1,47.^,167 1.376,9191 9,556,765 8,554,447
Ohlo.St.P.AK.t 3d WK Aug 110,489
96,171
Ohlo.St.P. M.&O June
768,987 576,274 3.985,461 3,218,928
Ohio. AW. Mien 2d wk Aug
40,984
35.390 1,159,439 1,0.!9,152
Cln.Oa. APorts Julv
6,248
6,152
37,280
36,204
Oln.Jack A.Mau.l2d wk Aug
16,31)3
14.3t>9
408,474
4S7,782
Cto.N.O. AT.P. -.Idwk Aug
76,833
78,487 2,301,294 2,008,928
Ala. Ot. South. 2d wk Aug
30,519
3o,623 1,014,301 1,128,455
».Orl. AN. E.-.Mwk Aug
21,732
19,428
74 .=1,07 7
671,265
Ala *Vlck.sb.l2dwk Aug
8,065
8,770
3.i8,658
359,699
Vloca.Sb. A P. 2d wk Aug
6,820
8,708
309,029
337,943
Blanger Syst.Isd wk Aug 143,909 14«,016 5,018,000 5,li.3,3.i0
OUm. North w'D.' July
1,828
1,474
11,418
11.854
Oln. Porta. 4 V.. July
22,641
23,500
134,841
129.251
CoL AMayav.lJuly
1,103
1,145
8,083
6,998
OIn.Wab.AMioh. Jui'o
71,725
65,122
391,133
310,555
der.AkronACol 2d wk Aug
17,'2!i
20.633
591,735
56ij,097
Clev. Can. i J*«. July
89,000
75,673
402. OKO
J- 9.712
01.C1n.Ch,.tn.L i2dwkAug 3 2.87.^
296,337 8.376,297 8,062,172
Peo. A Ea.st'n l2d wk Aug
33.319
39.967 1,025,039
9.33,469
Qev. A Marietta July
24.202
25,049
180.903
194,178
Color. Midland. |2d wk Aug
53.774
43,460 1,310,258 1,210,838
Col.H.V.4Tol.ijuly
277,582 313,733 1,833,544 1,691, 1.74
Col.8hawnee&Hllsl wkAug
16.656
13,093
400,670
200.393
Colusa A Lake.. July
2.280
2,749
12,301
13,483
Oonu. Klver
'June
101.552
92,528
562,970
516.276
Current River.. 2d wk Aug
3.542
2.927
113,573
93.403
Denv. A Rlu Ur. 'Sd wk Aug 223,300 163,900 5,598,827 5,127,388
OeaM.No.
July...
33.376
24,796
224,321
173,116
I>:t.Bay C.AAlii July
27.100
41,771
210.011
281.632
Det-Lansg A So 2d wk Aug
24.772
25.327
707,251
726.SO0
DnlothS.S.AAil 2d wk Aug
53.666
55.128 1,372,585 1,293,691
Dttluth A Wiiiu. July
8,233
6,262
71,224
43,396
E.Tenn.Va.AOa. July....
488,.549
54.5,991
Elgin Jol.AEaat. July
67,494
65,853
465,510
377.422
BTana.AInd'plls 3d wk Aug
1 1,000
8,766
232,362
220.103
Kranav. A T. H. 3d wk Aug
27,822
27,513
797,014
761.871
Fttohburg
June
653,149 605,780 3,533,338 3.307,217
Flint. A P. Mara, 2d wk Aug
47,391
50,500 1,777,659 1,798,021
Florence
'June
1.649
1.005
19,<il
23,861 80. Paolttc Co.—
Ft W. A Rio Gr kthwk July
Gal.Har.AS.A. June
7,540
7,333
196,412
124,448
6a.Oar'la«No June
Loula'a Weat..!Juno
22,111
5,753
91,232
56,973
Georgia KR
June
Morgan's lyAT. June
100,268 111,286
696,038
904,974
Geo. Bo. AFla..|Iuly
61,864
H. Y.T.AMex Juno
78,886
4il7.088
431,443
Georgefn A W'li June
3,333
fex. A N. on. 'June
3.530
24,029
21,829
54„-i7
Atlantic sys.if J uue
*!i^.P-*''"l- i-'' wk AUL'
51,364 1,515,845 1,448,936
On.R.AFt. W. 2d wk AuK
10,579
Paoltlc system June
10.600
294.534
263,843
Otlierllnea.
|2d wk Aug
5.160
Total of all. .{Juno
4,522
143,592
141,316
loialall lilies ]V!dwR Auir
0.30K
66,5doj 1,950,276 l,853.0'.'l 80 Pao. BR.—
Btand Trunk. .. Wk Aug'Jii' 384, .1351 413,4n2!12,088,30J 11,670,531
Coast Dlv (Gal.) 'June
Ohle AGr.Tr Iw* Aiii:13'
70.439!
68.5911 2,305.618 2,218,606
Sou. Dlv. (Call Juue
Juuo
Juno
.
Ind.Deo.AWeai Ijuly"..'."
III. AUt.Norlh'D I2il wk Aug
tinteroo. (Mex.) wk July30
Iowa Central... 3d wk Aug
Kan.C. Cl.ASp. 2d
K.C.F.S.AMem. 2d
K.<'.Meni. ABIr. 2(1
Stporua
1893.
.
.
.
324,391
74,665
350,273
16,621
.•
i
.
.
128,;i43
.
901,479
I
3,058,993
-.3.960.473
I
I
204.613
584,715
337,215 2,066,149 2,023,87»
480,217
449,872
74,736
371,942 2,349.822 3,593,1 111
88.094
b6.4ie
18,731
740,415
787.585
128,705
5,933,896
932,020 5.845.90
3,119,334 10,203.523 16.677.03*
4,051.980 22,111,423 22,611,532
997,238
»s9,ses
615,2401 3,581,883
3,043,617
208,615
THE CHRONICLE.
330
Lutest Earnings Reported.
B0AS8.
1892.
WeekorJIo
S
Bo.Pao.RB.-Oon
ArUona
Jan. 1
1891.
Div.. June
Hew Mex. Dlv. June
Bp»r. Un. &C0I Juno
Btaten Isl. R. T. June
171,166
82,43U
8,115
121,916
. .
...
...
...
BtonjCl.&CMt.. Juue ...
Bammlt Branch. July....
5,674
g6,938
89,108
136,016
Iiykens Valley July....
Tot'l botU Co'B July....
15,15.5
Xenn. Midland.. Julv
ZezM & Pacitlc 3d wk Aug
lBx.e.Val&N.W. July....
Z0I.A.A.&N.M July
lol. Col. & Cin. 3d wk Aug
rol.A Ohio Cent. 3d wk Aug
ToLP. & West.. 2d wk Aug
Bol.Bt. L. AK.C. 3d wk Aug
T0I.& So. Haven July....
Ulster* Del.... June ...
Onion Pacific—
Or.8.L.&U.N. June
Or.By.AN.Co. June
Cn-Pac.D.&G. June
101,216
5,616
92,338
8,121
32,393
21,334
57,650
2,570
36,824
662, 395
438, 631
519 002 462 600
20, 800
Aug
26, 600
2,037, 392 1,821 260
3,756 773 3,447, 786
109 437
51, 123
'3,806 209 3,468, 909
103, 146
46, 070
2, 476
2, 437
3.,118
2, 825
. ,
...
Bt.Jo.AG'dl8l. 2d wk
All otb. lines.. June
Tot.U.P.8y8. June
Cent.Br.&L.L. June
!
Dale.
1891.
959,808
502,939
52.510
967,187
511,314
61.607
448,102
13,076
7^8,461
544.315
154,471
82,838
8,628
4.=i8,728
116,760
14,193
5,492
743,2-20
111,903
586,979
79,651
191,557 1,330,198
102,719
16,197
119,3901 3,741,497
27,044
3,218
617,332
84,756
208,687
6,604
951,417
31,297
20.723 . 581,732
49,703 l,2S2,76i)
14,539
2.781
171,253
36,016
664. ,991
411i 633
...
to Latest
1892.
,291,831
,960,475
,718,919
691,460
,538.156
,077,516
605,032
1,272.779
106,991
3,975,574
24,450
583.223
210,220
895,533
562,490
1,174,351
15,447
158,164
3,702,180
2,571,133
2,474.566
477,943
9,802,195
18,915,805
306,985
19,222,790
394,877
14,151
19,82 J
19,,682.598
Juue
553,665
June
18,128
Leay.Top. & 8. J uue
19,537
Man.Al.A Bur. June
4-39,147
591,350
51;,661
June
108, 40'
Jolnt.own'd.
3,920, 413 3,524,,741 19,,978,274 19,437,364
Grand total. June
82,563
89,629
17, 107
15,,823
Vermont Valley June
3d wk Aug 317 ,000 803,,000 8 ,497,520 8,253,261
Wabash
692,736
711,646
151 607 146,,666,
June
West Jersey.
633,413
618,118
85 ,680
85,,970,
W.V.Cen,&Pitt8. July
263,215
36,,450,
228,534
37, ,124
Weetem of Ala. lune
299 ,500 333,,8^9 1 ,907,162 2,009,602
Weet.N.Y. *Pa. July
Tot
oont'led
Montana Un
.
I
.
I
WeatVir.&Pitts. May
WheeUng&L. E. 3d wk Aug
WU. Col. &. Aug. June
30, .190
29 ,281
53 ,176,
5 ,462i
WrightBY.&Ten. July
11,,430,
26 ,785;
58,,905
6,,2441
897,725
413,336
33,076
792,499
502,059
52,580
* Figures cover only that part ol mileage located la South Carolina
Earnings given are ou whole Jacksonville Southeastern System.
6 Kansas City & Pacific included iu both years, li Includes earnings
from ferries, etc., not given separately. 1 Mexican currency. TFlgures
Include Borne Watertown & Ojdensburg.
t
Latest Gross Earnings by Weeks.— The latest -weekly
in the foregoing table are separately summed up as
eaminga
follows:
Our preliminary statement for the third week of August
covers 33 roids and sliows 9'o9 par cent gain in the aggregate.
3d
ujeek 0/
A ugiist.
1892.
BnlTalo Roch. &Fitcsb...
63,510
420,000
231,202
602,615
30,072
110,489
223,300
11,600
27,822
384,935
42.755
81,515
136,390
35,554
414,190
71,580
13,287
160.710
Canadian Pacific
Chesapeake & Oliio
OhlcaKO Mil. & St. Paul..
Chic. Peoria
&
St.Louts..
CJhlc. St. P. i- Kau. City..
I>enver& Rio Grande...
XransvUle & Indianap...
Evans. & Terre Haute
Grand Trunk of Canada.
Iowa Central
Lake Erie & Western
Long Island
5,583,366
5,091,831
Mexican Ceuiral
Milwaukee ,k Northern..
Mo. Kansas & Texas
Mo. Pacitlc & Iron Mt...
35,923!
203.4901
579,0001
&
West..
Horlolk & Western
Korthern l*acinc
Wisconsin Central
PoorlaUec. & Evansv...
Plttsburir it Western
Elo Grande BoutUern
Kio Grande Western
Bt. Ix)uis Southwestern..
77,968
2-^0,889
49ti,104
121,339
19,589
51,751
15,223
60,700
88,700
101,216
Texas &
Toledo
Toledo
Toledo
Pacific
Col. A Ciuu
& Ohio Central...
& Kan. City
St. L.
Wabash
Wheeling & Lake
Erie...
Total (36 roads)
Ket Increase i959
Increase.
p.e.)
Decrease.
S
3,237
29,000
24,987
95,662
2,337
14,313
59.400
2,834
7,220
16,032
8,023
68
11,770
5,110
2,216
23,361
109
31,038
60,000
12.011
12,433
i3,->8l
1,297
2.210
4.1;6'
9,1.13
6,300
10,700
18,174
"i',517,
1,596
7,947
14,000
2,4!I9
43,611
The final statement for the second week of
August covers
76 roads and shows 7-47 per cent gain in the aggregate.
3d week 0/ August.
Prey'ly report'd i37road8)
AtOh. Top. & 8. Fe
1892.
1891.
$
5,653,733 5,200,023
712,133
67ti,:jl7
32,458
28,403
147,324
134,679.
31,325
27,824|
Bait, ii Ohio Southweet'n
57.679
58,996
Chicago (kiirand Trunk.
70.439
63,591
Chicago Peoria cfe St. L...I
28,877
26,362
Onioago & West Michigan
40,934
35,390Ctnciuniitl Jack. « Mack
16,203
14,36 J
Can.N.o. AT.Pac.(5road8)
143.U(>9:
140,016
were. Akron it. Columbus
20,633
17.729
Clere. tin. Chlc. .k St. L.
313,875
296,337
Peoria & Eastern
83,319
39,1)67
Qolorauo Mloiaud .
53,774
43,400
Current Rivnr
3.512
2,927
Detroit Or. H. A Mllw'"
25,106
23,029
geuult Lane.dj Kortheni
24,772
25,327
runt 4 I'crc Marquette
47,a»l
50,500
i
RoaOB j'tly owned ij..]
Bt.Louis A 8. Fr
Roads J'tiy owned >i.
.
Increase
1892
1891.
51,364
10,699
4.522
66,229
6.293
5,105
84,925
21,427
8,299
80,146
12,538
72,433
16,267
29,980
20,036
20,726
Other Hues
& Gt. North'n.
Kanawha & Michigan
Kan. City Clin. & Spring.
Kan. City Ft. 8. & Mem..
Kan. City Mem. &, Birm.
Keokuk & Western
Lake Erie & Western
Little Rock & Memphis..
Internat'l
Mexican National
Oalo River
&
H. Br'ches
San Francisco & No. I'ac.
Toledo Peoria & West'u..
St. L. Alt.
T.
Total (75 roads)
Ket increase (7-47
The following
Increase.
LV
.
Decrease,
»
arand Rapids & Indiaua.
Cincinnati R. & Ft. W..
7,934,645
3,206
120
638
238
283
133
4,115
1,913
532
7,848
5,557
25,803
1,653
2,130
1,317
603
614,234
551,782
7,429,363
p. c.)
will furnish a
weeks past,
59,452
comparison of the weekly
re-
sults for a series of
WEEKLY GROSS
EABNISOS.
.
Perwd and number of roads
1892.
1891.
included.
4th week of Jan. (87 roada)
Ist week of Feb. (87 roads).
2d week of Feb. (88 roads)
3d week of Feb. (87 roads).
4th week of Feb. (87 roads).
1st week of Mch. (37 roads).
2d week of Mch. (87 roads).
3d week of Mch. (87 reads).
4thweek of Mch. (92 roads).
Ist week of Apr. (31 roads).
2d week of Apr. (9 1 roads)
3d week of Apr. (88 roads).
4th week of Apr. (90 roads).
1st week oJ May (SJ roads).
2d week of May (83 roads).
3d week of May (80 roads).
4th week of May (66 roads).
1 St week of Juue (79 roads)
2d week of June (77 roads).
3d week of Juue (73 roads).
4th week of June (30 roads)
1st week of July (78 roads).
2d week of July (73 roads).
3d week of July (75 roads).
4th week of July (75 roads)
l»t week of Aug. (73 roads).
$
$
9,671,460
7,225,963
7,390,049
7,292,175
8,484,252
7,362,191
7,347,363
7,162,212
10,647,437
7,283,587
7,298,933
7,019,224
9,551,305
6,823,017
6,943,618
6,619,158
7,721,641
6,977,915
7,314,779
6,970,204
9,615,391
7,223,367
7,410,730
7,451,493
10,252,021
7,606,316
2d week of Aug. (7aroadS). 7,981,645
3d week of Aug. (36 roads)
5,333,166
Increase.
Amount.
$
P.
—
el.
0-33
9,639,270
32.190
711,551 10-97
6,511,412
7-40
503.373
6.330,676
6-62
452,903
6,339,270
6,962,259 1,521,993 21-86
766,144 11-62
6,596,050
7-57
517,200
6,830,163
1-52
106,959
7,053,253
9-05
833,200
9,764,237
3-70
7,023.632
259,955
2-40
171,070
7,127.863
1-37
119,496
6,899,723
2-91
269.633
9,281,667
315
208,141
6,614,876
4-46
'296,861
6,651,75*
0-40
6,622,440
26,718
3-12
232,732
7,488.859
6-18
406,-U5
0,371,600
8-36
561,013
6,750,736
8-72
559,330
6,410,374
8-33
S,89J,076
746,913
7-02
6.731,193
471,172
5-71
400,233
7,010.147
3-71
268,653
7,191,339
013
10,233,217
13,774
4-05
296,',; 63
7.310,553
7-47
7,429,333
534,782
9-59
438,535
5,091,831
Net Earnings Monthly to Latest Dates.—The table
lowing shows the net earnings reported this week. A
folfull
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the Chronicle of August 20,
The next will appear in the
issue of September 17.
-Ket EarniTigs.
Oross Earnings
—
1892.
30,467
537,176
488,535
2d week of August.
,
309
•415,402
8,121
32,893
57,630
317,000
29,2^4
Evansv. & St. L.
IiOUl8vUlc& Nashville...
Louisv. N. Allj. <& Chlc...
Lonlsv. Bt.Louis & Texas
-Vork Out.
3
60,223
391,000
206,215
506,953
27,715
96,171
163,900
8,766
27,513
35,533
65,433
128,367
35,486
402,420
66,470
11,071
137,319
35.811
177.452
514,000
65,927
203,45
447,123
120,042
17,339
47,625
6,090
53,900
7»,000
119,390
6,601
31,297
49,703
303,000
26,785
IjOuIsv.
New
1891.
[Vol
.
1892.
1891.
1891.
Soads.
S
9
$
$
Baltimore & Ohio629,101
Lines E. Ohio H.b July 1,639.422 1,753,263
516,160
Jan. 1 to July 31.. .10,853,911 10,132,231 3,177,987 3,105,924
71,140
Lines W. of O.R.b.. July
18,439
150,462
465,811
459,-201
Jan. 1 to July 31... 3,377,515 3,102,651
320,758
Total system. b.... July 2,089,833 2,219,077
703,544
531,898
Jan. 1 to July 31. ..14,231,425 13,581,932 3,493,743 3,865,124
Cleve. Lorain & Wheel.—
Jan. 1 to June 30...
112,161
133,521
590,344
669,996
Col. H. V. &Tol...b June
150,996
111,571
273,677
282.150
Jan. 1 to Juue 30... 1,555,962 1,378,211
596,218
666,133
rowa Central
23,312
bJuly
143,901
36,991
128,628
Jan. 1 to July 31... 1,017,979
217,191
906,105
232,005
N.Y.Sus. & West.. b. July
75,540
160,136
157,705
78,272
Jan. 1 to July 31...
395,304
950,570
116,758
910,683
5,679,732 1,393,265 1,775.132
Jan. 1 to July 31. ..38,274,124 37,153.193 10,250,703 10,783,267
Lines westofP.&E.. July
Deo. 311,490
Dec. 156.811
Jan. 1 to July 31...
luc. 2.271,933
Dec. 117,973
Phila. & Reading
July 1.881,253 1,936.374
972,126
8S1.«11
Jan. 1 to July 31. ..12,665,780 11,881,678 5,513,763 5,225.578
Dec. 1 to July 31... 11, 517,303 13,567,790 6,121,133 5,925,227
Coal&IrouCo
111,234
July 1,835,493 1,879,463
107,801
Jan. 1 to July 31.12,019,415 10,316,284
112,438 df.207,450
Dec. 1 to July 31.13,803,367 11,922,660
134,761 df.197,583
Total both Go's
July 3,716,751 3.816,337
992,643 1,033,410
Jan. 1 to July 31.24,633,223 22,197.963 5,626,203 5,013,127
Dec. 1 to July 31.28,351,170 25,190,150 6,606,--' 14 5,727,644
Oeut.of X.Jersey .a. July 1,310,923 l.;)34,528
597,871
565,073
Jan. 1 to July 31. 8,051,111 7,339,796 3,333,239 3,297,715
Lehigh Valley
June 1,510.8U
451,579
Dec. 1 to Juue 30. 10.053, -2sO
2,262,850
Pittsburg &, Lake ErieJuly 1 to Juue 30... 4,313,518 3,643,618 1,329,083 1,028,090
Ban Fran. AN.Pivc. .aJuly
37,094
86,407
81,541
39.575
Jan. 1 to July 31...
463,745
111,308
127,886
419,793
8av. Am. iS Mont
July
47,974
13,267
19,141
36,170
Jan. 1 to July 31...
102,382
279,136
263,056
102,403
a Net earnings here given are
b Net earnings hare given are
after deiuetiag taxes.
before duluotiug t ixes.
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given above, also
report charges for interest, &c,, with the surplus or deficit
above or below those charges.
'—Inter't, rentals, <*c.-^
-Bal. 0/ Ket Earns.—
1
1
.
Bonds.
San Fr. & Nor. Pac... July
S.IV.
Amer, & Mont. .July
1892.
1891.
1892.
17^112
20,050
17,2-24
22,463
def,909
1891.
19,8701
AuouiT
THE CHRONICLE.
87, 1893.]
ANNUAL REPORTS.
ChcRapeako & Ohio Railway.
(For the year ending June 80, 1893.^'
The annual report for the (iscal year ending: June 80, 1893,
has just come to hand. The re|M)rt is issued promptly and
the remarks of President InKnll^ will be found at len^tli on a
subsequent i)aKe to„'ether with tlio balance sheet. An analysis
of the yeatV rei)orl will al-o ho found in the editorial columns
of theVimoNiCLK. The results of the year have been compiled for the Chronicle in compariaon with previous years,
and are presented below,
OrEKATIOSS ANU FISCAl, RESULTS.
923
237
141
L.'
r.-A
r,i
F.r
9,889
.»r»
300
11,458
164
1,912.483
87,702,539
2-181 e.U.
2-155 ct<.
4,5.-)8.864
4,166.102
3,780,877
Harried
oarrled
.
iird I mile. 1,006,323.858 1,135,943,311 1,292.109,476
0-525
518 ets.
0-53S ots.
cti.
l'i>r mile.
ilcil
led
r,,
Kyi
2056
t.'(>r
Im
Fi
:
81.008,1.54
ot«.
.
I
$
S
Eariiiiiuii—
PaMeiigert
Prelftht
MlKcallancoiu
ExpreHS
Mall
Htwport Newi
<fc
Nor. Ter.
Totol
txpeniet—
Kaiateoanee
•tmstures
of
1,765,299
5,963,516
187.241
90,488
120,567
1,913.197
6,694,953
169.6S7
97,419
129,354
7,161,949
8,127,U1
9,004,600
1,574.687
1,429,889
1.212.251
2,4 '6.243
333,051
191.428
342.087
138,569
1,495,824
1.404,265
2,726,2»0
346.971
203,046
857.706
197,670
6,083,518
2,043,593
6,731,732
2,272,868
and taxes...
321.200
183.288
76,048
11,887
isca
T'
K.
Nor. Ter.
rlun. Bridge.
i>
...,:
.
it
2,<8(!,'>3l
5,611,988
1,549,931
Total expenses.
Net earnings...
authorized bond issue $4,211,000 will bo required to ofT-iet the
bonds of the old compani»s and $I,7.'>S,000 will rem<iin io the
It will be noticed that the $10,000,000 of Colorado
Treasury.
Coal
Iron common ftt(x;k and t'lo $3,01)0,000 of Colorado
Fuel common are to be retired by the isjue of $9,350,000 common of tho new company. The basis of the exchange has
not been made public. The merging of the Grand River dal
ft Coke Company, the Denver Fuel Company and tho Haerfano Land Association is by virtue of the control of theae
companies vested in the Colorado Fuel Company, and the
respective stocks of these companies will be held in the
treasury of the company.
&
Wreen Bay Winona & St. PauL— The nevr aeouritios will
be distributed this fall and the old issues exchanged for the
newly-engraved onei under the plan of reorganization. The
new income four per cent bonds will carry coupon sheets.
The amount of the several issues will be as at prejent except
that the
first
mortgage
will
be for $3, ."500,000 five per
centa.
made with the Toledo Anu Arbor
* Western which will make the Green Bay in connection
with the Delaware Lackawanna & Western a through freight
line from the West to the East. The Ann Arbor road will
have ready in October two new transfer boats capable of car-
A
traffic
contract has been
rying' twenty- four cars each between the terminal points,
Frankfort and Kewaunee on Lake Michigan.
Indiana Illinois & Iowa,— A stockholders' meeting has
been called to act lipon the proposed extension from Knox
eastward to South Bend, Ind. The preliminary survey has
been recently made. It is intended that bonds amounting to
$400,000 shall be issued for the above purpose. The work on
the extension will begin in September if the stockholders
ratify the propositions of the directors.
way and
1,0.53,827
G<Mu>r!tl f\i).
$
1,471,436
5,384,255
99,021
89.198
108,972
•9,064
Mnititcnancp (>r pquUim't.
CoDductlntr tniii«iioriatlon
Co
2.^2
151
11,330
1,892,072
1.470,642
71.560,114
rri».l
1 mile..
|i«rinils
ii«r mile
r,.
K;i;
1891-92.
1,07S
1890-91.
1,027
1889-90.
^^ June 30...
Mi
831
laOOMG ACCOUNT.
&
1891-92.
1830-91.
1889-90.
International & Great Northern.— This company gives
notice to holders of the second mortgage bond trust receipts
Trust Comthat upon presentation at the Farmers' Loan
pany new coupon sheets in accordance with the recent plan of
reorganization, together with the bonds represented by the
trust receipts, will be delivered in exchange. Coupons due
September 1, 1892, will be paid at the same office at maturity.
Tlie new third mortgage bonds will be ready for delivery
early in September.
New York & New England.— A report from Hartford,
Conn., Aug. 20, said that the application for an injunction
Other Income.
restraining the officers and representatives of the New York
applying to the State Comptroller
2,062,113
2,272,863 & New England Road from
1,569,950
Total
for the registration of $a,000,006 of ne^ bonds has not yet
Bfduei—
•1,663,041
1,745,129
1,798,095
Intereston bonds
been assigned for a hearing, and no official information has
11,609
10.916 been filed in the Comptroller's office concerning the legal
44,401
Itentalsof tracks
pro16,419
8,165
Loss on grain elevator. .
69,145
6t,S72 ceedings. The papers in the case have been served on James
1,628
DIsoouul, excbange, Ao.
director
of
Howard,
the
resident
the
company,
L.
and have
1,842,302
1,881.548 been sent by him to Boston.
1,709,670
Total.
It was expected that a hearing
Bur.219,810
Bur 391,320 would be ordered immediately before a judge of the Superior
Del.139,720
Balaooe..
Court in New Haven. Comptroller Staub was ready to an* Interest chnrg*- tor tbeyear ending June 39, 1890, Included about
$200,000 bonds Usued for conatractiuu whlob was not flnlshed or used nounce his decision last week concerning the registration, but
until 1891.
considered it inadvisable to state the case pending the action
of the court.
iratearnlu)ra...
$
$
$
1,^49.981
19,969
2,043.593
18,520
3,272,868
GENERAL INVESTMENT NEWS.
—
Atchison Toppka & Santa Fe. The Board of Directors
having dtclared that the income gold bonds of this company
are €utitl<-il to 2'^ per cent interest, in full, from result of
operations for tho income period covered by Coupon No. 3,
ended Jury 8it. l--':. nuch interest will be paid on and after
... .it the National Bank of North America,
Septemlx
u IruHt Company, New York; Baring Brothers
Boston; I
& Compaty. Lil., London,
ic — Puisuant to the provisions of the income
mortgage
hicapo & Erie B. R. Co., notice is given that
3 jier cent uiiorist for the year ending June 30, 189i, will be
paid Oct. 1, 1692, on the income bonds secur-d by said mortgage. All prior coupons of these bonds will be surrendered.
The entire capital stock of the company is owned by the New
York Liike Erie & Western, which guarantees interest upon
the first mortgaue bonds of the Chicago & Erie.
Chlcapti
!
.
'
New Tork New Haren & Hartford— New England Terminal,— The property of the New England Terminal has been
purchased by the New York New Haven & Haitford Railroad
Company for $3,225,000. A satisfactory adjustment of the
Long Island Railroad suit wag made prior to this purchase.
The purchase of the New England Terminal Company by the
New York New Haven & Hanford Itailroad follows naturally
the acquirement of the control of the Housatonic Road. That
step destroyed the scheme of development of a water line to
New York in connection with the New York New England
and the Housatonic systems.
&
rhiladelphia & Reading.—The state^nent for July and for
eight months of the fiscal year shows the following
:
Colorado Coal & Iron— Colorado Fuel.— The parties in
mtrol and the rtspective hoards of directors have agreed to a
heme of consolidation which has been under consideration
ir the past year. Meetingsof the stockholders of the twocomiiinies will be called at the earliest practicable date (about
Oct. 20) to ratiiy the action of the directors.
new company
will be formed, the name of which will not be decided upon
until the articles of incorporation have been formulated. The
companies consolidated are the Colorado Coal
Iron, the
Colorado Fuel, the Orand River Coal
Coke, the Denver
Fuel and the Huerfano Land Association. The agricultural
and town lot property of the Colorado Coal
Iron Co. is not
included in the consolidation, but will go to a separate organization whose stock will be given to the Colorado Coal
Iron
Co. stockholders.
The capitalization of the new company will be $2,000,000
preferred st"ck. $11,000,000 common, and $6 000,000 consolidated mortgage bonds. Tho preferred stock will go share for
share for the present preferred of the Colorado Fuel Company.
Of the common $9,250,000 will go to the stockholders
of the Colorado Coal
Iron an! the Colorado Fuel companies, and $1,750,000 will remain in the treasury.
Of the
A
&
&
&
&
&
Julu-
.
'
RAiuiOAD Company.
OrossreoelpU
Gross expenses
Keteaminga
—
1892.
1890-91.
S
$
1,881.253
$
13,5i7,790
996,409
7.642.563
14,517,253
8,135,850
834,814' 5,92.5,227
107,i27
820,274
6.421,403
393,039
972,126
81,375
Tetal
Dee. 1 Io July 31.
•
1891.
1,936,874
964,713
Otber net receipts
.
1391-92.
$
1,053,501
ggi,"*?!
6,215,501
Deduet—
Permanent Improvem'ts
19,208
Proporfn year's cbarges 611,769
6,819,443
13,980
625,000
314,289
4,894,155
IC9,298
5,000,000
Total
Surplus
638.980
352,991
5,203,444
1.037,057
5,109,293
1,710,144
(X>AI.
& IBOH
;..
630,977
422,524
Co.
Ctross receipts
1,879,463
Operating expenses.... 1,674,805
Net earnings
Vfdiiel—
1,835,498
1,627.544
11,922,660 13,803,887
11,401,767 12,899,717
204.658
207,954
517,893
904,150
78,651
14,719
68,000
91,340
8,810
63,000
590,937
124.540
54»,(X)0
639,927
79,4a7
534,000
Total
168,150
161,373
Def. of Coal & Iron Co..sur. 43,285 sar.39,804
P. A B. AND C. <k I. Co.
Def. ofCoal&(rouCo.8ur,43.285 sar.39,804
8urplu8 0f BailroadCo. 422,524
352,991
1,259.477
1,253,304
Collieiy imiirovempnta.
Penuancotlmprovem'ts
ProiHjrt'u year's ch'rges
741,584 dof. 349,239
741,584 def. 349,239
1,037,057
1,710,194
1360.955
Results on the Port Readiag RR. (lessee of Central of N. J.)
for the seven months Jan. 1 to July 31 and on the Lehigh
Valley for the seven months Dec. 1 to June 30 were as follows:
Bal.botbaonip'i...aur.465,809 sr 392,795
sr 295.473
sr.
THE CHRONICLE.
332
/— - Port
Jan. 1
1891.
Gtobs earclDgs
Operating expmses.
Net earnluKs
,
.
RemHng.~~
Lehii/h Valley.
D^e. 1 to June 30.
.
to jHi!i'i\.
1890-91.
1892.
1891-92.
$
7,?39,706
4,542,051
8,051,141
4,717.902
3,297,745
3,333,239
10,053,280
7,790,430
2,202,850
- Keadiiig— vcutral
McGill of Npw Jewey has filed
rhlladelphla
X »..«..<>.,>.....
of
New
Jersey.—
hi.s decision against
Cliaccellor
Railroad
the lease of the Jersey Central to the Port Reading
quesand therefore against the coal combination. Two principal
technical in character,
tions have bten involved, one somewhat
whether the Port
the other more general. The first questi< n was
Beading R.nilroad, incorporated under the laws of New Jersey,
wao a foreign corporation within the meaning of the statute,
company
BO that the lease ot the Jersey Central road to this
was void. The parties to the lease relied upon the fact that
although its
the Port Reading was not a foreign corporation
None of
Block was held mainly by parties outside the State.
the reports of the Chancellor's decision give his argument
on this point, which is certainly a most imp ortant point in
'
corporation law.
,
its character and
The second question was more general
in
of
the
Court
powers
equity
appealed almost entirely to the
passing on both the facts and law of the case. This was the
question of monopoly and violation of public policy by the
Central Company, and on this point the Chancellor's remarks
are given at some length, as quoted below
The following is the syllabus attached to the decision " 1.
m
.
,
:
:
A corporation created by
statute possesses
no lights andean
exercise no powers which are not expressly given or to be
necessarily implied. 3. Such a corporation cannot lease or
dispose of any franchise needful in the performance of its
obligations to the State without legislative consent. 3. The
act of March 11, 1880, which amends section 17 of the act entitled 'An act to authorize the formation of railroad corporations and regulate the same,' is free from constitutional infirmity in its title, and is sufficiently broad in its terms to
confer power upon railroad corporations chartered by the
An
1885, entitled
4. Xhe act of May 2,
sjecial law.
act respecting the leasing of railroads,' is constitutional.
5. Equity looks at the substance and will disregard names and
penetrate disguises of form to discover and deal with it. 6.
Where a corporate excess of power tends to the public injury
public policy, it
may be restrained in
defeat
or
to
equity at the suit of the Attorney-General.
7.
railroad company of this State leased it^ franchises and roads
another
railway
corporation
of
State.
The
a
lease
was
not
to
only unauthorized, but was expressly forbidden by law. Its
eflfect was to combine coal producers and carriers and to partially destroy competition in the production and sale of anthracite coal, a staple commodity of the State. Held to be a
corporate excess of power which tends to monopoly and the
public injury."
" CorIn the course of the decision the Chancellor says
porate bodies that engage in public occupations are created by
the Slate upon ihe hjpothesis that they will be a public benefit.
Th«f er joy privileges that individuals cannot have.
While the State confers s-pecial privileges on these favorites, it
at the same time exacts from them duties which also tend to
the public welfaie. Such corporations lold their powers in
trust for the public w«al. "When, therefore, it appears that
such a coipoiation, unmindful of its plain duty, acts prejudicially to the public in order to make gains and profits for its
stockholders, it uses its power in a manner not contercpiated
by the law which confers it." The Chancellor takes up the New
Jersey law of 1885, which prohibits the leas-ing of domestic
to foreign corporations without legislative sanction, and declares it to be constitutional. It follows, he says, that the
lease to the Port Reading was made rot only without legal
sanction, but in defiance of an expressly prohibitory statute
The Chancellor says the Attorney-General, on behalf of the
people, may invoke the power of the court to restrain
further
operations under the lease. It is well settled, he says that
where a coiporate excess of power tends to the public iniurv
or to defeat puWio policy, it may be restrained in
equity at
his Buit.
He holds further, that the. Attorney-General has the
election
a case of this kind to proceed at law to forfeit the
Charter, or in equity for a restraint of the excess
There are peculiar features in the transaction that
evince a
public danger much more serious than appears
in the mere
transfer of c'orporate duties to performance
by a foreign corporation. The parties interested constitute
two of the six
great anthracite coal carriers of the country.
Throueh the
leasing of the Lehigh Valley three of the^e
Le controlled bv
the combination. The proof shows that
there are
thiBSUte which formerly had the advantage of localities
competTtion between hose allied roads, but
now are subiect to the
inonopo ly which this lease affords. It is true the
co-operat on
of the other coal roads has not been
secured. By this lease
only one competitor is silenced and only a
little more than
*'"' *.'"i^^/=oal region is controUed.
It Ts only the
^7;.^'^ step
second
the direction of m.mopoly, the
first
being the lease of the Lehigh Valley
Railroad
I?
to be
'
A
:
m
m
t
may
«ii
ho^eveV'lhat
The"' Atto rney-beneral
the
ultra vireT^i
Publicinjury. HeTnot re'
warr/nuf inT'^'^^
" ^^f monopoly possible is created or
iiT^ injury
the
possible is in process of infliction
THp
have
S°\?
2n
a
il
iintil
m
remembe-red,
his
•
mjunction
•
when
[Vol. LV.
half of the coal fields upon which this State depends for fuel,
and looking to the co-operation of the remaining anthracite
coal pioducers to effect a change in the price of their output,
so that they may have more satisfactory returns from their investments. To fay that these conditions do not tend to a disastrous monopoly in coal would be an insult to intelligence." » * *
The Chancellor defines the bounds of the injunction which
he grants, saying " I will continue the present injunction to
final hearing, adding to it, however, the further directions
that the defendants, their officers and agents, do desist from
further performing and carrying into efifect the lease and tripartite agreement, and that the Port Reading and the PhilaReading companies do desist and refrain from condelphia
tinuing to control the property and franchises of the Central,
and from otherwise intermeddling therewith, and that the
Central do refrain from permitting the Port Reading and the
Reading to use, control or operate road and
Philadelphia
franchises, and that the Central do again resume control of
all its property and franchises and the performance of all its
corporate franchises."
In Philadelphia President McLeod is reported as saying that
the decision will have no effect. "It would, of course, if not
disturbed by a higher court, involve some changes in forms of
operation, such as in methods of keeping accounts and in the
personnel of the officers. As to its bearing in actual results it
will have none. The fiiends of the Reading Company own a
controlling interest in the Central Railroad of New Jersey,
and as owners of the property no legal decision can disturb
them in their rights. Moreover, the coal in the Jersey Central territory is now controlled by the Philadelphia
Reading
Iron Company. The Coal & Iron
Railroad throuuh the Coal
Company, as the owners of this coal, can direct as much of it
or as little of it to the Central tracks as it sees fit. You see
these facts show how absolute and complete is the Reading's
control of the Jer^ey Central and the coal situation. At the
time the lease was made there was on agreement for an alternate contract, which will accomplish the same results as the
:
&
&
&
&
lease contemplated."
Philadelphia
& Heading— Lehigh
A'alley— Great Xorllia consolidation of vessel
An agreement was completed that wilt
interests was made.
put the Lehigh Valley Transportation Company and the
Northern Steamship Company under one management, beginning Sept. 1. The Lehigh boats were included in the deal
when that road went into the Reading Trust, and consist of
ern.
—At
five large
sels.
Cleveland, Ohio, Aug.
19,
new
steel steamers, besides five smaller wooden vesline is the lake connection of the Great
Railroad and comprises six new steel vessels of
The Northern
Northern
great speed and capacity. The Lehigh boats run between
Chicago and Buffalo and the Manitoba line from Buffalo to
Duluth. More than §3,000,00 worth of vessel jiroperty is
said to be embraced in the deal, which is of importance to the
Reading, as it thus gains a line through to the Pacific over the
Great Northern Railroad system.
Pittsburg & Western. To provide for changes in the line,
particularly in the neighbirhood of Youngstown, Ohio, and
making important improvements, it is proposed to issue the
remaining |1. 500,000 of bonds authoiized under the second
mortgage of 1891. It will be neces^-ary in order to issue these
bonds to increase the capital stock an equal amount, and a
meeting of the stockholders to take action in the matter has
been called for October 14.
Richmond Terminal.—At Baltimore, Aug. 33, Mr. W. G.
Oak mtm was appointed by Jud-ie Bond permanent receiver
of this company on filing a bond for §100,00'
Two bills were
set for hearing, one in the name of Wm. P. Clyde and others
and the other in the name of George H. Burtis, and the two
cases were consolielated.
An address at some length has been issued to the stock
and bond holders of this company by the Advisory Committee of Seventeen, of which Mr. W^m. E. Strong is Chairman.
This address will be found elsewhere in the Chronicle to-day
and should be carefully perused by all who are interested, as
it gives an account of the circumstances which have led ud to
the present situation of affairs and what this committee has
accomplished since its appointment.
The address concludes:
"On this policy and on this platform your Advisory Commiti
—
i.
—
tee asks the co-operation of all interested, and will welcome
their aid." This aid can be rendered bv giving proxies to the
proxy committee W. E. Strong,36 Broad St. George F. Stone.
46 Wall St.; William L. Bull, Terminal fis. 38 Broad St.;
George Coppell, 34 Exchange Place; William Alexander
Smith, 70 Broadway. The books close on Sept. 3.
:
:
Texas Railroad I'eclsion.— In the U. S. Circuit Court in
Texas, Judge A. P. McCormick has rendered a decision in the
suitof the Mercantile Trust Company of New Y'ork against
the Railroad Commissioners of the State of Texas and others.
The technical points of the suit are of small importance to the
public, but the broad principles involved in this decision are of
the utmost importance to every bondholder and to every
property owner in the United States.
very elaborate argument was made in the case by the Hon. John F. Dillon, of New
York, counsel for the Trust Company. Judge McCormick follows the decisions of the U. S. Supreme Court in the Minnesota railroad cases (commonly known as the milk cases) and
also the case of The Chicago & Grand Trunk Railway vs.
Wellman (143 U. S. reports, p. 344), and in plain language he
decides substantially as follows
1. That the action is not one against a State.
A
:
I
f AcacST
THE CHRONICLE.
27, 1893.]
3. That tlie (>Htalili.sliin''nt of obli^^itory mtps by St ito railroid coriinii-'sioacrs is not u " due p.ocms of law," within thu
ecoiw ivnii moaiiiu;? of tlie Oorntitiition of the U. 8., uuUer
which private properly may be taken.
8. That rates made by Slates or State coumissioners m-ist
bo " reasoi)al)le," unJ this is a quejtton of fact to be pissed on
by the court wliere rat « were so low as not to permit of u
railroad's earning interest on its actual cojt, tliey were not
;
and wore therefore void.
judtfe goes VcTV fully into the history of the law on this
Not the least
subject, and gives an elaborate review of it.
interoatinif of his ipiotations is one from a Texas law of 1851,flhowin< that at that time the public sentiment of her legislators was not indelinite on the subject of reawnible profits for
the railroids, as the statute prescribed exactly what dividends should bo allowed before any reduction in rates was to
be made by the Lox'slature, namely " 12 per cent per annum
on the capital sUick." Thus before any railroads were built
in the Slate, and when they were sorely needed, the Legislature proclaimed 13 percent dividends on the xtock as a fair
Afterward in IbOl, when over
profit for railroads to make.
miles of road had been constrmted in the State,
7, 6(H)
reasonable,
The
nnd the tracks could not be taken up. the State Railroad Commissioners attempted to fix rates for transpyrtation so low
that the railroads could not earn 5 per cent on their bonds
nloue. Judtfe McCormick says:
Wlien l)y the compromise of her claims to the Sjntft Vo Territory she
rooelvpil a fund wliicli she deiliciitod to the support of tho pillule froo
eoliools. sln> u<loptL'd tbo policy of loanlni; tliU ruiid to aid In the ooaetrnctiou of railroadK. taklne a first mortKa^c llrtii; »lic .ilso paised a
Kcncral law pxttindluK duuatloiis of land to aid and ciicouraj?o those
necessary lii^hways, and ni Fel>. 7, ISot. she passed a K^anral law
firovidlDi;, uiiioug mauy other thlugs: "It shall he lawful for the LeKi^ature, at any tliiii-, to preserlho rates to bo •Uargod for the transportation of inTsous and property upon any such road, should they bo
deemed too hli;h, aud may exercise the same power every ton years,
provided that uo reduction shall be made unless the net profits of the
company fi'r toe previous ten years, the expenditures of the company
ht\inifbniiri/l:if and not with a view to defeat the ope ation of this section, shall amount to a sum equal to 12 per cent per annum upon Its
oapital ptock. aud tlien so as not to reduce the future proljable profit
below the said perceutum."
The remarks of Ju.ljje McCormick are too Ion? to quote in
full, but the essential parts of his decision are given" below,
with_titles inserted to show cle«rly the gist of each portion
CIAIMS OF THE PLAIXTIFFS.
One eround for relief presented by the bills U " that the tariffs,
schedules and orders of the Commission viewed as laws enacted under
power deleit.ited by the legislature are unconstitutional and void beoausc the tarlll's, seheilulee and orders establislied by the C'ommiSHi»n.
complained of In tbc bills of eoinpUint, are unreasonably low aud
conflsoatorj." Anoth<-r f round is: " Tiie Builroad Commission att of
the Letjislatuie of Tixas in fVe resp'Cts complained of in the bills of
complaint it uncou.itltutlunal and void because (ll it purports to confer upon the Commission power and authority to establish the tariffs,
schedules ami order, above recited c^) It denies to railroad companies
the right in suit* for damages and penalties lienouncod by the act to
:
833
Tlio Legislature has power lo
terferent'e is iirotecttoii ai^aliisi
pany versus Wei man, 111 Unit
rilr,, iiiil
inire isun ilil
llv
t
j.
.
\
-
iti.-s,
nt,
i
m'
it
idlelal inni .vay Comi
'd Stati-s, .'III.)
I
TliequeHtlou of the rnasonablcHS of a rate of charge for tran4porlatlon liy a ratlw:ty c<)iireuiy. Involving as it does the element of roasiQ.
aliloness iiolli as regards the couipany and as regitrds the public, la
eminently a qii'stlnn Tir JirUclnl luvestigatlda reqiilrliii duo prooeaa
of law for Its ibaernilu itlon.
Tli.it if the company is de;»rlvod of the piwer of changing roisonablo
rnfos fof the iisn of Its pro:)crtv. and s'ich deprivation tik<;s pUeo In
the ubsenco of an luvcitig ition bv Judical maclilnery, It li il<^:irive I of
a lawful use of Its jiroperty, ana thus in sii'Mtrtnon and cXrctoftho
proiwrty itself, without ilue pr.icess of law and In violation of the Gittstituf ion of the ITuite 1 St ites. aud thus ill s far as it Is th is dcprlVitl
while other persons are permiltcd t> receive reasonable proflfi on their
invcstoil capital, the comoany is deprived of the equal protection o(
the laws. (Kailway Compiiny m. .Minnesota, 13 1 United states, I'J^.)
If such deprivation is sli(>.vu here, does it take piaoe In the absonee of investigation by Judicial inichlnory! It must bee incedwl, as
between private p.trtles and the r tiiwars, no such Investigation ut the
reasonableness of tlie r.itcs Is permitted by the Railroad Oominlsgl in
law of Texas, fo'' the intent 1 4 expressed In Section li in terms too CO n
prchonsivo aud plain to bo luoaiUod b; construction.
Tlie facts established
The Texas
TBG TBXAS FACirtC.
by the proof In each case
may be
thus
summar-
ease. I. The rate^ fixed by the operation ot
prevailing ooniiucrcial and competitive conditions and In onect at the
time when the series of re luctlons iaaig ir ited by tho Commissioners
was commenced, were so low and Inadequate that this company, after
the payment of tho expenses of operation and repaln and tho cost of
ized
:
ic I'acifie
neoeasary betterments and nquipmeut, was unable to earn more than
the Interests on Its prior and rtxud mirtgagc inilebtedness namely, 5
per cent ou an indebtedness of *17,IS2 UO per mile of road operated,
equivalent to 6 per cent on only $Ii,3l3 50 per mile of road operated.
These c irnlugs excluded the possibility of an^ payment of interest on
the company's second mortgage income bonds or of any dividends on
any slock. The actual I033 to the dofeodanc fras the a'lplication of
file Commission rates to the volume of business transacted from the
time when these rates ware declared to be effective until March 31,
1S92 (about seven months), has aggregated the sum of if'^ 12,721 61,
the entire losi being in net revenue. The property of this company
was in the hands of teceirora during the years 1895-lSSs In suits to
foreclose its mortgages, and was restored to the com^iany in the latter
year, after a reorganization of Its indebtedness Involving heavy losses
to its security hohlera and a substantial re luctlon of its tlxod charges.
Its stockholders were compelled to contribute an assessment of 10 per
cent upon the par value of thtsir stock, aggreg vting about *3,OJO,000.
This amount, this new capital, was expended upon the property In Its
Improvement, betterment, re-conatruotion and equipment and the necessary cost of rtiergauizatiou.
[Sec. 5. In all actions between private parties and railway companies
brought under this law, the rates, charges, orders, rules, regulations
and elasslficatlona preserioed by said Commission before the institution of such action, shall be held onclusivc, and deemed and accepted
to be reasonable, fair andjust, and in such respects shall not be controverted therein iimil finally found otherwise in a direct action
brought for that purpose in the manner prescribed by Sections 6 and
7 hereof.]
DUE PROCESS OF LAW.
The Commissioners gave
notice, dated June 20, 1891. to the
various railroad companies that a meetina; of the Commissioners would be held at Austin July 6, 1891, and the opinion
says
At the date named in said notice the representatives of most If not all
of th»» railway companies la Texas appeared before the 'Commission la
luterposf tbc defi>nee that the tariff*, schedules or orders of the Com- session at Austin. \o prooosed changes lu existing clas-irteation of
mission with letpei't to the violation of which »aid damaxes or penal- rates were indicated by the ComiDlssion and no Issue wa> submitted
ties uiav lie claimed, ara unreasonable aud void, aud in such suits it
which could bo cither agreed to or be made sub)cet of proof or
donie< to the railroad companies the right to ajudioial Inquiry in this auggcetion by argument. Tlie Commission, in their answer, say
behalf, t hereby denyine to the railroad oompauies subject to the act "The said Ooiumissiou had
Just begun the investigation of the classithe equal pruieciiun of the laws aud eubjectiuK theiu to conditions fication and rates of said ro.tds lu the Slate, and had not at the d ite of
under whiih they are deprived of their property without due process said conference determined .either upon any claasUlcation or
of the law."
rates." * * •
KELIEF PRATED FOB.
" The defendant Commissioners say in tholr'anawer: "The said conThe relief prayed in these motions is a temporary injunction until ference beginning ou July 6, 1891, lasted for several days, and all
the hearlne aeainst the railroad company, from putting or contiuuini; freiifht rates in Texas were <liscussed and considered." Aud a^ain
In elfoct the tirilfs, circulars, or orders of tha Commission andrestraiu"Defendants aver that the session begun July 6, 1S91, has never termiing the defendants e uistituting the Co-nmission and the defendant nated or been ailjourned at all. and that all the rates complained of in
Culber.^on. aud all other parsons, from iostitutiu;? or causing to be Insaid bill, or which have ever been fixed by said Ommission, have been
stltutiil MiiTs eintemplated by tha act for the enforcement of any
fixed at the session aforesaid." And a^ain: " Defendant* further almit
lilt of Iti provisionj or out of anr of the farlifs, circuclaiii
that said Commission la proposing and lotondlng to make aud promullars
iii-eicribed by the Co umi^sion, aud eiOoiuUig the Comgate other rates and tariffs without other formal notice than that dated
missi
ikiuK or dullveriuj; to the railway compaaies any fur- June 20, 1891."
ther tarill's, circulars or orders,
The suggestion that the proceedings hero indicated constitute "due
process of law " within tlie meanint: of the iirovisiona ot the tjonstltuANSWER OF THE DEFENDANT.
tion,.or " an investigation by Judicial machinery " within tho meaning
The contentions of the defendants Reagan, McLean and Foster and ot the decisions of the Supreme Court, can hardly be gerioxaiy made by
Cuiberi-on, as far as deemed material to notion, are
First, tliat the the sound lawyers who have
appeared to resist these motions, aud the
bills do not show tlie riitht of the complainants to sue. Second, that
subject is too grave for Jest.
the suii^ are bciieviul to be o^>llusive and prc-agroed as to the defendUnited Statea vs. Lee, lOU U. 8., 19f; Pointdexter va. Grecnhow, 114
ant railway company. Third, that as to these defendants, the siUts U. S., 270; Cltyof I.rf>ut3Villei)s.
Coehran, 82 Kv., 15; Jones c». Reaslns,
are really anainst the State. It Is apparent from the whole record and SGraj',
329. •
tbc conduct of tills hearing that the controversy Is not between coniIt la evident on tho face of the law as -we know the fact to have been
plainants and the railways, but between the raiiwaya and the other Jethat Its framers were thoreughiv conversant with, and kept steadily
fcadants.
In their view, the decision of the Supreme Court In the Minnesota
:
:
:
The
bills of
COLLCStON,
complaints and the answer and cross
bill of the railways
that there Is no such element
of oollusioD in these cases as can prrjudice the rights of complalaauts
anil the
to sue,
amumenis of their counsel show
•
'
•
SUIT AGAINST A STATE.
contention t'lat these ara suits against the State, it soenis
that the lat«»i; decision* of the Supreme Court settle that
question against the defendants.
In Peniioyer against McConnaughy (104 U. S., page 1), theoonstmotlon and appllcatioa of the Eleventh Amendment is fully dl/<cussed, the
earlier decisions reviewed, their doctrine extracted and they are
clearly marked lietwccn those cases against State ofBcers. which are
suits agaiast the State in the sense of the Amendment aud those which
are not, and these case* come plaiulv within the latter class.
As suggested to the counsel at the hearing, we cannot reason against
the authority of the Supremo Court nor give it addiuoaal weiaht by
our iudorsciiient or argument. Whereas, in the case last cited, that
court has coiistruetl the earlier cases and announced the rule, the limit
otoiirotllee is ti> arrive at the right in Tlie cases on trial by that rule.
And it aiipears to me not to admit of question that on the authority of
that case these arc not suits against the State wlthlu meaning of the
Eleventh Amendment.
As
case, then but Lately n nnouuecd.
The act appears with studious but with illogical ingenuity to en[o contrive a due process ot law that would, whde tho duo
was proceeding, permit the doing of the will ot the Commishowever arbitrary and uureaaouable their rates might be, and
*
*
might eventually be proved to be.
deavor
jirocesa
sioners,
to the
clear to
nm
BATtS UNBEASONAnLT U)W ABE 00NP18CATORT.
We come now to consider: "Have the complainants made
out their
Are the rates being enforced against the railways unreasonably
low and confiscatory! Is their property being lalien or tlireatened
with beini: takiu without due process of law, or are they denied the
ca«cl
equal protection of the laws, and if so, what measure of relief, if any,
can this eoiirt now extend to the original and cioss-eomplainants from
the sworn pleadiugs. the exhibits, alfldavits and unquestioned statements of honorable couusei conversant with facta made during the
argument in open court!" « • «
uga
, .
CONCLUSION.
It clearly appears to mo that every provision of this law that tends
to thus enforce a compliance with tlie raiea of tho Commission,
whether they be reasonable or not. aud every position tending to
embarrass, or enabling the Commlasioners to embarrass audi roads as
may choose to invoke tho protection of the Conitituilon agiiust tho
taking of their property without due process of law. or denying them
the ecfual protection of the law, Is .affected with the same vice that
renders Section 5 invalid.
It follows from the views thus far expressed, that these motions
should be granted, and that the very many other most Interesting
questions presented In the reconl. and In argument on this hearing,
aie not material to be considered now. 'Ihat the m<^aaure of complainants" and cross complainants' relief shall be adequate, it la necessary that it should be as full as they h»vo asked, and It is so ordered.
A. P, McCormick,
(Signed)
Circuit Judge.
Dallas, Tex., Aug. 22, 1892
Wabash.— It is understood that parties are trying to acquire
proxies for the ensuing Wabash election to be u^ed against
the present management. Stockholders who desire to support
the present administration should sign only those proxies
whicn appoint Ossian D, Ashley, James F. How and Cyrus J.
Lawrence to represent them.
a^^TFor
olher;;iuTe>tmeai
Newe
see
Fage
3;fi aiid337>
THE CHRONICLE.
831
CHESAPEAKE & OHIO RAILWAY.
^
ANNUAL REPORT OF THE DIRECTORS TO THE STOCKHOLDERS FOR THE YEAR ENDING JUNE 30, 1892.
To
the Stockholders
Pursuant to the By-laws, the annual report
foUowB
submitted as
is
:
^^^^g OPERATED.
The railway operated by the Chesapeake
during the past
fiscal
year consisted of
&
(via
:
Lynchburg) to Clifton Forge
Total miles
main
665-1 miles
233-0
897-6
line
|^
^^''
Branches
993;3
Total
In addition to the foregoing, the
Company ran
its
"
trains be-
tween Washington and Orange, 84-5 miles, under the trackage
•oatract with the Virginia Midland and Pennsylvania railload lines referred to in the last annual report.
EARNINGS AND EXPENSES.
The gross earnings and expenses of the Company, and the
mileage operated, for the year ending June 30, 1892. compared with the three previous years, are as follows. (The
larger mileage in 1892, being due to various branches recently
opened and not yet developed, has furnished but little earnings, the increase of business being chiefly upon the main lines.)
Ttar end. June 30.
Idles operated
1889.
1890.
777
923
1891.
934*
the Cincinnati Division is laid with 63-pound rail only three
to four years old. The charges to this expense for the next
few years will be moderate.
About $100,000 has been spent in building new stations and
in painting and repairing the old ones. The expenditure of
replacing water stations, frogs and switches has been completed, and they are to-day in first-class condition.
Over 150,000 has been paid for other new work along the
line, including the completion of the Round House and other
structures at Hinton, W. Va., and the shops at Covington.
It has been the purpose of the management to keep the
equipment full in number, and constantly to improve its
capacity and standard. All the work during the year at the
shops has been charged to repairs in addition, 8 new locomotives and 280 freight cars, purchased at a cost of $225,000,
have been charged to repairs, to replace old cars worn out or
destroyed. The condition of the equipment is excellent.
This policy of bringing the existing road bed and equipment
up to modern standards and conditions as a part of operating
expenses, has been consistently followed by the present management fiver since it assumed ctmtrol, and the result is that
to-day the railroad is in nearly all respects exceptionally well
adapted to its business. Now that these conditions are reached,
extraordinary outlays are likely to be steadily diminished.
For the details of work upon the line and equipment, reference is made to the attached report of the General Manager,
which gives much information upon the subject.
The trains of the Company have run with regularity and
the continued improvement in the transportation service is
The average load of freight trains has
very gratifying.
increased from 263 tons to 268 tons, and the average per loaded
oar from 13 1-10 tons to 13 7-10 tons. At the same time the
use of the larger cars has reduced the number •f cars per
The road has been free from serious accidents, and
train.
during the past year (as during the year previous) no serious
injury to passengers has occurred.
;
Ohio Railway
Main line, from Fortress Monroe (via Newport
News, Richmond, CharlottesviUe, Clifton Forge
and Huntington) to Cincicinati. ........ ... ...
James River Division, from Orleans Street, Rich-
mond
[Vol. LV.
1892.
TRAFFIC.
statistics of the Auditor give the details in
It is creditable to the
traffic of the Company.
The attached
regard to the
Department that they have obtained eo gratifying an
increase in the passenger earnings of the Company without
revenue per passenger per mile
Gross EamliiKS.. -.5,290,000 7,161,949 37 8,127,11109 9,004,599 11 reducing the average rate the
having increased from 2-155 to 2-181 cents. The earnings of
Op. Exp., Mainten„,
„
10
6,731,73123
24
6,083,519
5,611,963
»n«6 and Taxes.. 4,390,000
passenger trains per mile have decreased 1*47 cents per mile
(75 p.c.)
(78p.c.)
(75 P.O.)
(83 P.O.)
run, which is due to the fact that the passenger travel on the
Springs Val900,000 1,549,981 13 2,043,591 99 2,272,867 88 newly-opened branches (Craig Valley and
Interest on Funded
ley) was, of course, light, and especially to the fact that early
Debt.lose on grain
in the year the management put on certain local trains to
1,250,000 1,747,842 89 1,823,78126 1,881,548 39
elevator, etc
accommodate the people of Richmond, and while they have
197,861
76
350,000
Defleit..
not paid as yet, it is hoped that the business will soon develop
219,810 73
391,319 49
Surplus.
so that they will pay.
In the Freight Department the revenue per ton per mile
(The figures for 1889 are approximate.)
on seaboard coal has increased from 3 28-100 mills to 3 44-100
* Also 84'5 miles between Orange and Wasliington, for tlirougli buslon agency coal, from 4 47-100 mills tomills, or 4-87 per cent
ess only, for a portion of year 1891 and for entire year 1892.
The business of the Company to and from New York, New 4 75-100 mills, or 6 26 per cent on commercial coal, however,
England and Europe, through Newport News, for the last the rate has decreased from 5 19-100 mills to 4 46-100 mills, or
year has been very large. It would have been much greater 14'06 per cent. The total revenue per ton per mile on coal
The rate per ton per mUe
Find- has increased 2-07 per cent.
if the facilities at Newport News had been adequate.
ing the necessity of enlargement, your Directors authorized on local business has decreased from 1 225-1000 cents toin March last the construction there of a double-deck mer- 1 199-1000 cents, or 2-12 per cent this is due to reductions
chandise pier, a new passenger pier and passenger station and made by the management to enable certain industries to meet
an enlargement of the yards. This will increase the capacity the competition of other markets. The rate on through freight
st that point nearly 50 per cent, and it is hoped will take care has decreased per ton per mile from 6 64-100 mills to 6 46-100'
of the business the Company now has and its increase for a mills, or 3'71 per cent, for the same reason. The rate on forfew years. The Company owns ample water front at New- eign freight decreased from 4 76-100 mills to 4 46-100 mills, or
port News to provide for all needs for an indefinite period. 6-30 per cent, which is due entirely to the large increase of
As an indication of the growth of business through that business between the West and Newport News such increase,
port, it may be mentioned that the value of its exports to for- of course, taking the lowest rate.
The result of the total
eign countries increased from $10,961,744 in the year ending freight earnings is a decrease in the rate per ton per mile of
June 30, 1891, to 114,444,367 in the year ending June 30, 1892. 1 -33 per cent but considering that the total freight revenue
MAINTENANCE AND TRANSPORTATION.
has increased from $5,963,516-03 to $6,694,953-78, or 12-36 per
The work of improving the physical condition of the cent, it is gratifying that this large increase has been made
property has been steadily carried on during the year, and with so very little decrease in the rate per ton per mile.
The output and distribution of coal for the year have been:
large outlays therefor have been charged to onerating expenses.
The bridge over the New River at Hawk's Nest has been
OUTPUT OF COAL.
re-built at a cost of $48,782 53, and is to-day of the heaviest
Year Ending
standard known, 1,125 feet of wooden trestles have been
Jiim30;92.
Jm?i* 30,-91.
Tont.
Tons.
replaced with ,iron viaduct, at a cost of $36,000.
sum of
23,884
Cannel
20,473
1^,461 has been expended in iilling wooden trestles with earth.
627,18*
518,282
This work will have to be continued for the next few years, Gas
339,374
Splint and Block
425,218
as there still remain several wooden trestles on the Huntington New River, etc
],130.3221.042.527
282,315Division which it is purposed to replace, as fast as they need Coke
269,193
renewal, with iron or stone viaducts, or with solid embank2,403,075.
Total
2,275,698
ments, charging the expense of same to repairs of road.
DISTRIBUTION OF COAL.
The total outlay for bridges and trestles in the fiscal vear iust
Year Ending
closed was about $185,000.
Traffic
993*
;
Warm
;
;
;
;
;
.
,
A
•
.
jM/tc30,'91.
Tons.
The
9
ballasting of the line has been steadily carried on; over
300,000 yards of stone, gravel, slag and cinder having been
distributed and put under the track during the year. Nearly
all of the road between Cincinnati and Newport News is
now
well ballasted, except the Peninsula Division and a few
places
in the James River Division. It will require an expenditure
estimated at |.50,000 to complete the bdlasting of the
Peninsula Division. When this is done, ordinary
renewals will
suffice to keep the track in good order so far
as ballastinc
^ is
•onoemed.
One hundred and
flfty-six thousand dollars has been
of labor) during the year for 75-pound
f.'S^to take
.
J^'Ju"^',''^
steel
the place of light raU; and all of the main
line on
which fast passenger trains run, from Orange
to the Bie
Bandy River (360 miles), is now laid with 75-pound
steel-
and
Fuel for use of Company
Delivered Cincinnati Division
Delivered to E. L & B. 8. RR
Delivered on line of C. & O. R'y, excepting
Riclimond
.....
Delivered at Clifton Forge to James River
Division, for all points except Riclimond.
Delivered at Waynesboro to Shenaudoali
Valley RR
Delivered at Cliarlottesville to Virginia
Midland Railway
...
Delivered at R. F. & P. Jet. to R. F. A P. RR.
Delivered at Richmond
Deliveredat James River wharves
Delivered at Newport News, Norfolk, etc.
8hii)ped at
Total
Newport News
/«He30,'92.
Tons.
419,590-
374,479
352,453
61,469
538,532
231,385
279,320-
177,016
124,980-
39,998-
1,275
63,893
23,0 17
64,247
25,564
156,742
176,S27
16,21*
24,399
772,370
34,401
714,493.
2.275,693
2.403,075>
5,'208
Arni'ST
i;7
THE (JHRONIOLK.
1S02.J
COST OF KOAO AVI» KQUU'VlKVr JUSR
.10,
1
glTi.
•"
•'
I unulpinont, as per bnliiiioo shoot
109,218.Oa(J IH
of Juiip;iO. ISKl, w.i»
The
I'oit
n)»(l uii
i>f
The additions since that date have been
For real ritato (rao»tl» nt Newport, Ky.,
»30,032 78
»nil .V.-»|.()rl Nnw,(. Va)
For«rttli'iiii'iit of
fru of Kicliinund
Compniiy,
cljilmi ftK.ilunt RonelT.«
AlloKhaiir R-Ulroad
wliloU that prop-
Hiililoot to
wiiJ< Hiiiiiiifil
erty
Pnrcon><inictioiiof Oahln Creek Brunoli
13,003 07
(dual paviiii'iit).
'•r work on I'lnrlnoatl Division unAOhIo
•
^iieh »» BoUevuo and
lllvc r
.-.•. Newport trestle, etc.
Nftt
5,13229
335
(Milarglng the facilitins of the Company at
for building certain brnnchcs.
NF.W LINK.S IK KENTUCKY
.
Newport New»
and
In carrying through the foregoing scheme, the Compaajr
was offorwl thi* railways in Kentucky known as the " Elizabethtown L»xin;,'l<>n & Big Sanly," the " Ohio & Big .Sandy"
and " Kentucky & South Atlantic," in all 170 tnilos of ownarship and 20 miles of trackage. It seemed desirable to your
Directors, for several reasons, to obtain these properties if they
could be secured at a proper figure. First, they controlled th«
portion of road between the Big Sandy and Ashland, Ky.,
thus breaking the unity of the lino batween Fortress Monroe
02,483 41
and Cinf!innati. They aLso owned large terminals at Ashland
iilotn, shops and yards
For r
70,33122
Va
and Catlettsburg. which are ripidly-growing towns on your
lit r
8,335
49
l,>i [1,
lU \shland, Kv
line, but in which you had poor facilities for liical business.
,>. archlnjror UIk Bend
K.M r,
Through the Ohio & Big Sandy extension, the Chesapeake ft
rttiil
Miiumr liinnels, Fl. Monroe exOhio was able to reach the nf^arest coal to Cincinnati, and the
159,913 48
toiislnn.otc
For (liiuiilo track 32 miles Lcior Moor to
Eliztbethtown Lexington & Big Sandy road was well located
(.•oviiiirton. Diinlap U) Backbone. Caldin the heart of the Blue Grass region of Kentucky and able to
well to Kooklauil and Alderson to Lowell
develop a heavy east-bound traffic which it was desirable to
203,W8 14
(amount «o far paid)
J'"oi' i'(>ii--tindlon of new yards, passeneer
take over your road to Richmond and Newport News. The
iinil fKiklit plcr< and paaaenger station
result of the no;!;otiation was that your company made arat N'i'.»|Miit .Sew-*, Va. (amount so far
rangements by which it has secured the entire debt (repre106,112 32
paid)
OaiUey Branch
sented by debentura certificates) and all stock of the Ohio
For oonHtruo.tlon of
11,731 24
(amount so far paid)
Big Sandy, except 210 shares, all the stock and bonds of the
88,629 43
For completion oM'raU Vallov Branch...
Kentucky & South Atlantic, and substantially all of the stock
For construetlon of Warm Spring Branch 428,070 28
of the Elizabethtown Lexington & Big Sandy ; also $375,000
For eo«t of eqnt|iment (.'i4 locomotives,
-. lU coaches and 3 com650 ii
first mortgage bonds, $550,000 second mortgage bonds and
...
980,477 77
blnii
$489,000 debenture bonds of that company.
wn LeilnittoD & Big
Cost
All the securities so acquired were (leposited with the CenSandy, oino.v iilk' Sandy and Kentucky*
South Atlantic securities (In stocks and
tral Trust Company of New York, Trustee of the Chesapeake
7,206,487 38
bonds, Includiutf <>oii Is assumed)
& Ohio 4J^ per cent mortgage, which thereby became a first
172,596 19
Foriaodry outlays
9,705,83008 lien thereon, and as there were still outstanding $3,007,(X)0
first morts?age bonds (then 6 per cent but now reduced to 5
$118,023,926 26 per cent per annum except as to about $15,000 bonds) on the
75
3,905
Less credit for sundry Items
Elizibethtown Lexington & Big Sandy, a like amount of
Ohio i^ per cents was specifically set aside for
Total cost June 30, 1892
$ 118.920.020 51 Chesapeake
'
'
.1
>
&
I
&
their retirement.
CONVERSION OF PREFERRED STOCKS-NEW MOBTGAOE.
In previous years allusion was made to the problem that
confronted your Directors of how to take care of the increased
business constantly pressing upon them. The Company was
reorganized in 1888, and such a large increase of traffic as has
developed since was not then contemplated. The gross earniziga for the year previous to the reorganization had been
about $4,500,000 -less than one-half of what they have been
for the year just closud; and, while the Company ha.s added
to its mileai^e, tlie lintis which it has acquired produced but
little revenue previous to the time they were taken into this
ystem. In the reorganization $4,600,000 of 5 per cent bonds
were reserved for the future construction needs of the Cjmpany; but the demands for equipment and double track have
been ao large that the last of them have been appropriated
in the year just closed. Any improvements would, therefore,
ia the Company was situated, have to be made out of earnings. This would necessarily defer for an indefinite time any
returns to the holders of the preferred stock, which course
did not seem j ist or desirable. Therefore, after considering
the question carefully, your Directors decided (with the
approval of the stockholders expressed at a special meeting)
to offer the preferred .stockholders a basis of settlement by
which their stock should be retired and yet they should have
a fixed income, and at the same time have an interest in the
future earnings of the Company. To accomplish this, and
The Elizabethtown Lexington & Big Sandy had also leased
and 345 cars, the ownership of which has been aoquired and same have been made subject to the Chesapeake
6 engines
&
Ohio i}4 Psr cent mortgage as a first lien thereon. These
Ohio to a liability of
acquisitions subjected the Chesapeake
5 per cent upon $3,007,000 of bonds, 4^ per cent upon
$2,321,000 of haads, and an issue of about $3,000,000 of common stock. The total annual fixed charge on account of all
these properties and equipment. a.s will be seen, is $254,795
&
per annum. This is considerably less than the former owners
represent that they have earned on an average for the last five
years. They certainly can be operated much more cheaply
by this (3ompany than they have been by the former owners,
as there will be no appreciable charge for general expanses.
Furthermore, the purchase commended itself to your Directors, as it completed the unity of your lines, and converted
some 200 miles of railway into feeders instead of hostile corporations. Thes!? lines during the year ending June 30, 1892,
earned, grow, $891,683. If they can be operated for 70 per
cent of their gross earnings, as it would seem they ought to
be, after some improvements now in progress are made in
their condition, there will be a profit in the transaction even
if there is no increise of busines^, and the Chesapeake
Ohio
will obtain for its investment the control of the traffic for its
&
main
lines.
NEW CONSTRUCTION, ETC.
During the year under review contracts were made for
about 30 miles of second track on the " Mountain Division"
(east end of Huntington Division), and the work is now nearly
completed. The 80 miles of road from Clifton Forge, on the
eastern slope of the Alleghanies, to Hinton, on the western
side, are more crowded than any other part of your line.
and one-third iu common stock and the second preferred Last year 8'3 miles of double track were built and opened on
stockholders were offered one-third in this bond and two- this division, and with the contracts now made for 32 miles,
thirds in common stock. This scheme when presented to the one-half of the entire distance will be double track. It is
two classes of preferred stockholders was accepted with great hoped that in another year 30 miles more can be completed,
unanimity, holders of ninety-one per cent in amount having and this will' leave only two sections of fiye miles each that
already (August 20) surrendered their preferred stocks and are single track. These two sections of five miles each inaccepted the bonds and common stock for the same. All the volve very heavy and extraordinary outlays, and therefore
converted shares are deposited in trust and held alive for the they will have to be operated as a single track for some years;
present to preclude any possible advantage to any shares but being such short sections, there will not be any diffinot converting. This 4J^ per cent mortgage was made for a culty in passing over them a much larger traffic than is expossible tssue of $70,000,000 (with separate provisions for pected for the next few years.
double-tracking, as explained below), which is large enough
A double-deck pier was contracted for at Newport News
to provide for the ultimate retirement of all outstanding (as already stated), 600 feet in length, with capacity for storl)0nds (except $7,000,000 bonds on the Richmond & Alleghany ing a large amount of freight, A pier to acommodite the
Division which do not mature till 1989) for settlement with passenger business was also put under contract and tracks in
the preferred stockholders and for future acquisitions and the yards sufficient to accommodate 1,500 cars were ordered
enlargements of the Company for some years to come, not to constructed. The work is now going on and is nearly comexceed $2,000,000 in any one year it being carefully provided pleted.
in said mortgage that any new road acquired with the l)onds
Forty-eight new locomotives have been added daring the
"hall be brought under the mortgage as additional security, year and twenty more are ordered.
Thirteen passenger cars
and if any binds are outstanding on any road hereafter have been added and 400 coil cars have been purchased,
acquired an equal amount of the 4>^ per cent bonds shall be nearly all of which have been delivered.
put aside to provide for the same. It is also provided that
A new freight warehouse and passenger station has been
the bonds may be issued for actual cost of double-tracking ordered at Lynchburg, Va.
the road (not to exceed an average of $25,000 per mile of
The arching of such tunnels as needed it has been continued
double track), but that not over $1,500,000 shall be issued for and it is due to the Engineering Department to say that the
this purpose in any one year, and that no section of double arching of Big Bend Tunnel, which for the five years previous
track shall be less than five miles, unless it is to connect two to the present management delayed all traffic at least one day
other sections. In addition, $4,000,000 of bonds were sold in the week, has involved only one stoppage of trains since it
and the proceeds reserved for paying certain equipment and was turned over to the present engineer, three years ago. It
-—.. uebts. for buying new equipment needed, and for is expected tiiat this tuimel will be finished by the first of
also to provide for future construction and equipment needs,
a 4^2 per cent gold bond was created, which was made a lien
on all the property of the Company subject to the prior mortgages, and on all property thereafter acquire i by the use of
the bonds, and the first preferred stockholders were offered
two-thirds of the face value of their holdings in this bond.
;
;
THE CHRONICLE.
S.33t)
January next. The force will then be transferred to other
tunnels and the work continue'!.
Your Directors have also authorized a branch road of 10
miles to be built up Loup Creeli, under contracts with Yaiious
parties owning coal lands, by which they agree to furnish a
minimum of 300,000 tons of coal and coke per annum for
transportation. On the north side of New River parties owning large coal tracts are building a branch of five miles, which
will develop a large amount of coal tonnage. The owners of
coal lands on the south side of New River have contracted
with Tour Company for a short extension of the line upon that
It is
side of the river, which extension is now in progress.
hoped that bv next year it can be completed to a connection
with the main track west of Hawk's Nest Bridge, so that it
wiU give the Chesapeake & Ohio virtually a double-track line
[Vol. LV.
deem
it
it proper to submit to you an outline of the situation as
has appeared to them in carrying out these matters.
The Chesapeake
& Ohio proper (Fortress
Monroe and Wash-
ington to Cincinnati) earned last year a little over $9,000,000
groM and $2,275,000 net. As may be seen from the earlier
pages of this report, there has been included iu operating expenses a very large sum for absolutely new work, which, in
view of the higli standard of efSciency now reached, and the
provisions now made for additions to equipment, etc., will
cease to a large extent from this time forward. It is believed
that after allowing liberally for maintenance of the property
and such additions and improvements as are incidental to its
development, and which should properly be charged to operating expenses, there has been expended in this account during the past year a sum of over $500,000, which may be added
for 20 miles through the New River coal district. Where the to net earnings in ascertaining the earning capacity of the
Gauley and New rivers join, the Chesapeake & Ohio has con- property. The EUzabethtown Lexington & Big Sandy, the
South Atlantic may,
tracted to build a branch of 8 miles up the Gauley Rirer, in Ohio & Big Sandy and the Kentucky
it is thought, be safely put down as earning a minimum of
order to develop the coal and timber lands in that section.
Kinniconwould
make
This
$250,000
a total of over $3,000,000 net
Allusion was made in the report last year to the
nick & Freestone Railroad Company (joining your Cincinnati earnings for the year just closed against an interest charge
An
arrangefor
the
ensuing
year
estimated
this
Company.
at $2,880,000.
Division) which is controlled by
There is now being expended upon the system some four
ment has just been completed with parties who own large
this
is
be
of
new
money
for
by
which
road
to
millions
double
mineral
lands
track, branches, wharves,
tracts of timber and
the estimated cost of such extension to piers, yards and equipment, in the expectation that it will
extended 12 miles
this Company is $75,000, and for it this Company is to receive lead to a further development of the property, and all the in$100,000 of 6 per cent bonds, secured by first mortgage on terest upon the bonds sold for paying for these extensions and
this entire branch, and the parties who have secured the right developments (about $200,000 per annum) has been included in
of way and graded the road at a cost of $100,000 take income the fixed charges for the ensuing year, while no allowance
bonds in payment for their expenditure. The entire capital has been made in the statement of net earnings, although, of
stock is to be given to this Company, which does not assume course, these improvements should largely increase them.
Your Board offer these figures as a statement of the present
any liability as to the income bonds.
On the James River Division a contract has been made for situation, as viewed by them.
the extension of the Buckingham Branch Railroad 16 miles,
FINANCIAL.
the parties agreeing to build said branch and take in payment
The Company is in strong financial condition, as may be
of the same $12,500 of 5 per cent bonds per mile, this com- seen from reference to the balance sheet.
pany to be responsible for principal and interest, with the
To provide for outlays made and to be made for new conright to it to exchange the same at any time for general mort- struction and equipment,
your Directors, prior to the creation
gage 4J^ per cent bonds. This will give a branch of 20 miles of the new
4}^ per cent mortgage, arranged (as already stated)
into a country that has now no adequate railway facilities,
to sell $4,000,('00 of the bonds secured thereby, but as, up to
and which is rich in minerals and lumber, and it is expected the present time, only a portion of the
proceeds has been
that it will prove a valuable feeder.
wanted, it has obtained temporary advances of alwut $2,000,000
SITUATION FOE PRESENT FISCAL YEAR.
(to be finally adjusted later) instead of delivering the entire
With the purchases of tlie lines in Kentucky, set forth $4,000,000 bonds, thus effecting a considerable saving of interherein, the Company wiU operate for the current year 1,192-4 est, as if the bonds had been delivered their surplus proceeds
miles of main track and branches which it owns or controls would (in the present stagnant money market) have remained
idle in bank or have yielded only a trifling rate of interest.
(of which 66 miles will be double track), also 105'8 miles over
It
which it has trackage rights, and 16 miles of water line be- is believed that the proceeds of these bonds will full;/ provide
tween Newport News and Norfolk, where it runs its own for all work in progress (except the Buckingham and Loup
Steamers, and it will have under construction about 50 miles Creek extensions, which will be otherwise arranged for) and
of branches.
all equipment yet tj be delivered under contracts made.
It will own 356 locomotives, 194 passenger
coaches and about 13,000 freight cars.
The financial accounts relating to the cun-ent operations of
The fixed charges on the entire system, including all bonds the road stood as follows on June 30, 1892, viz.
issued and to be issue-1 for preferred stocks (if all said shares Unpaidcoupons. Including those due July 1. 1892
$216,708 75
are exchanged), and on all bonds authorized for construction Accrued interest on funded debt (not yet due)
306,375 61
Audited
vouchors,
including
those
to
coal
operators,
paywill be
rolls, etc
1,041,626 09
f2,287.000 PurchaseMoney 68, 1=98
$137220
2,000,000 Bourtsof 1908, 68
'
120000
$1,564,710-15
2,000,100 Bondaof 1911, 68
120000
To provide for this, the assets from current operations
142,000 Bouds of 1922, 08
s""o
23,262.000 First CoiiKolirtafert Rs
1 le'-'eiio stand
Rl«limODd& AlleKhany Divi8ion ists, 48...!"; '40000
i'SSii'nIlS
Cash on deposit to pay coupons
$219,529 51
29
•'
looiooo
"
„".
in hands of Treasurer
I'ftoo'nm
231,671 95
''^' *'
"
due
from
agents,
conductors
and
current
accounts.
848,092 50
650.000 Craig Valley Branch 5s
^
tii?,?.
" to come from coal agencies,
4U9,314
06
Warm
SpringB
Valley
Branch
5s....;:"::;;""
20000
fSMiJ
170,000 New River Bridge 6b
To "nn
320.000 Equipment 6a...
$1,729,2(8
02
„
^
,
lo'inn In addition to
this the Company has supplies on hand
269,000 Alleghany Car Tru.«ts 5a
din
(cost of which is included in Uabilitiea, or el.«e has heeu
P6,'J00 Manchester Bonds 8s and sk;!
6,616
paid for iu cash), amounting to
338,796 56
^^^^y'^^-- 5B
&
;
:
'.'.
'.'.
A
ll;988;SSo §'JS?;?ari!{ortL'^;e"r4'"" *
Buckingham and Greeubiier
tensions,
&c
Bentai3(net)
150;300
& New Riverex-
°^*'*''"
f2,06S,004 58
i>inon
..;:::;;;;;
sfwo
$2,880,066
In addition to the above, the Chesapeake
& Ohio is also
8?,K".''f^"t°'-. f°^ interest on bonds of the
Chesapeake
i^nfe
Elevator Company, amounting to $33,400
per
f„?,Vm I?.l°
fh^l^»J^r^^^''''*°'''^°^^''''7^ operated separately from
5^^°'"P'*"T'J'°'','*""°Sthe pastyear the guarantee
J5
Of i.^ii
118 bonds has entailed only a small
loss on the latter
The
.
earmngs of all the lines now
in your
^stem were about $10,000,000 in the yearembraced
ending June 3^
gross
*?'"*' ^"'^
«3^*
sye^m >8 very
prospective development of business on
the
promising. This is especially true of
the coil
It will thus be seen that the Company has $2,068,004 58 operating assets against $1,564,710 45 operating liabilities.
Attention is called to the attached balance sheet and state
ments of the Auditor.
All of which is respectfully submitted.
By
order of the Board of Directors,
M. E. INGALLS,
CINCINNATI, O., August 20, 1892.
President.
CONDENSED BALANCE SHEET JUNE
30, 1892.
Dr.
brancherunder construction fn To cost of Road and Equipment, IncludS^p^.', 'i''^'°'',5''^.J"r'^"'
ing Branches and ownership in MaysJli ?, L'^?°"*''^""'l '";i°« * ^"y 'a^ge increase. The con
ville & Big Sands ER. Co., CovlUKton
"*'"
^^"?
'^"^"'^y should also throw
& Cincinnati Bridge Co., Elizahetha t»vv^r-ffl
Ik^
^r^'
*'^^ ."^"^ ""•••
"P°"
Most
town Lexington & Big Sandy RE. Co.,
satisfactory
of all
L^!3L is-^i?
however,
the increase m passenger traffic
Ohio & Big isandy RR. Co. and Kenand
local freight
bus^nefB, which s all the more
tucky 4 South Atlantic RR. Co
remarkable in vfew of the To cost of s^imdry
securities in Treasury
W Jf
'"""" °'
»
Aroir^^^*",*r-
thi^nini?^
'*°x?
^""^ industrial speculations so
prevaall the enterpri.es on
your line
Nearly
.
^^^ important transactions of the
past year
$118,920,020 51
405.493 56
48,847 70
To sundry Construction Accounts
To special cash deposit to pay Construc-
tion Vouchers
To special cash deposit to pay Coupons.
To Mnteiials and Supplies on hand
$338,796 56
To cash iu hands of Treasurer
231,671 95
To due from Agents. Conductors and
Currer.t Accounts
848.692 50
To due from Coal Agencies:
4'i9,314 06
„.,,,.
To Kluniconnick
.
& Freestone EK. Co..
.
194,158 18
219,529 51
|
1,849,475 07
3,449 27
;$1 21,639,973
80
AfdlST
THE CHRONICLK
37, 1892.J
CONDENSED BALANCE SHEET JUNE
30, 1802 (Ojnelu'Ud).
5 he
Cr.
By
Capltnl Stock
Firm Preferred
Losfi Ui'iioHliud lu truHt.
$18,000,000
ll,lL7,nU0
#1,982,100 00
2.13S.0O0OO
58,407,400 00
$02,391,500 00
Funded Dptit—
00
Six II. r.P. M. Gold Bonds, diiPl8»8.iti2,2R7,OO0
2.0:i3,7J(t
Six ». c. (iold Hon.U, riuo IIIOH
2,000,000
Six p. c. Hold Bonds, duo l!)ll
2.e!iH
Six II. p. C'lirrcMi-y l)oiid» duo 1919..
142,000
Six p. c. (!old Bonds, due 1022
320.000
.•*lx p. p. KqulpnicMit Bonds
17
00
89
00
00
Bonds. 22,932,000 00
ii. o. Oolil
First C'oh». .Mori
First Mort. -t p. c. Gold Bonds, B. Jii
1,000,00000
A. DlvWon
First Mort. 2 to 4 p. c. Gold Bonds,
5,000,000 00
B. iV A. Division
Soconil Mort. 4 p. o. Gold Bonds,
1,000,000 00
K .t A. Division
First Mort. 5 p. c. Gold Bonds, Craig
.'i
650,000 00
Vall.y Branch
First Mort. 5 p c. Gold Bonds, Warm
Hprinir Viillfv Branch
-Now Kivor Krldiie t! p c. Gold Bonds.
.M:iric:icstcr CltT 8 percent Bond^..
.Maiu'lii'*tcrlmproveuj't.%p.c. Bonds
Allevhuny 5 p. c. Cur. Trust Certs...
Equlpiiioiit Notes, « per cent
00
00
OO
00
00
400.000
ITOiOOO
00,200
30,000
2';9,00i)
By
By
Bills
and moderate, awaitin? crop developments.
Lard on the spot has been in slow demind and values hav«
slowly given way the close was dull at 7'40§7'50o. for prime
55,333,713 87 City, 8-05c. for prime Western and 8 35c. for refined for the
Continent. The speculation in lard for future delivery
has been quiet at declining prices, owing to the cholera epi2,014,362 85 demic in Europe.
00
00
00
;
Payable (temporarily Inenrred
for ooustructiou, eqnlument. real estate, Ac., nud provided for out of 4>«
per cent bonds sold, but not delivered)
Constniction Vouchers unpaid. (See
Spect:it Ciish Deposit.)
oAicr oLoitHe r&iasn 07 hK^a fotdbes.
189,561 19
By Unpaid Coupons,
due July
including coupons
1SH2. (!<eo Special Ca.ih
1,
216,708
306,375
1,041,626
193,125
Dcpo-iitou othorsidB.)
By accrued
Fbidat Nioht, Auk. 26, 1893.
Weather reports have been somewhat variable, but crop
conditions retain generally favorable features. Farmers are
marketing the winter graiu with greater rapidity than one
year ago, and the accumulation of food products.in warehouses is becoming liberal. Rjporta regirdtng the Earopaan
cereal crops are of a favorable character. The strike of railway switchmen at Buffalo ia this State has been declared ofif,
and a restoration of transportation facilities permits the movement of merchandise with ordiniry regularity. The effect
upon business is ben?9cial. Tae rapid spreal of cholera in
Europe has brought the epidemic into many of the lirge cities
of Germ iny, and a possible rigid quarantine against some of
the principal Cjntioental ports creates a feeling of serious apprehensioa in trade circlei re^arJin^ the effect upjn both
exports and imports. Speculation in cotton has been cautious
91
803,125
Ellzihfthiown Lex. & Bik Sandy
27,000
p. c. I'lrst Mort. Gold Kouds
Eliznlieilitown Lex. & BlK Sandy 5
2,9S0,000
PC First .Mort. irunr. Gold Bonds.
C.&O. iien.Mort.4''jpo.GoldBoud8.13,Ul,()00
(l!r0mmercial %i\ncs.
COMMERCIAL EPITOME.
«12,000.0(K)
Soconil Pretorrert
«,H6.'»,000
I/CM ik'iwslted lu trust.
Common
837
75
Hon.
7-90
7-85
Sat.
September delivery
OctoierdeUvery
0.
812
0.
8 07
Tu'f.
Wed.
80)
795
TKur.
7-9>
8 Oi
7-93
793
Fri.
7-95
7-90
Pork has been dull and prices have declined in sympathy
09
By Audifd VoMchors, Pay Rolls, 4o....
44 with the West; the close wa", weak at $11 '75 at 12 for old mess,
By Protlt and Loss
12-50 for nevv mes-~, $13-50 for extra prime and $15^17
$121,639,973 80 $13-25®
BrCHXOXii, Va., July 1, 1892.
for clear. Cutmeats h:.ve been in light request and prices
L. F. SULLIVAN, AuiUlor.
have declined, clostag easy at 838>^c. for pickled bellies,
10@12 lbs.;average,ll(al!i^c.for pickled hams and &%@1q. for
Massachnssftts Rnllroads. ^The following roads have re- pickled shoulders. Beet quiet; extra mess, $l5-23@6-75; picket,
Sorted to the Railroad CoiumisBiouers for the quarter ending $7-50@8-50, and family, $9-00®10-50 per bbl.; extra India
uue 80:
mess, $12(^14 per tierce. Beef hams are easier at $15 per bbl,
NEW YORK & SEW BNOLAND.
^Quar. eiul. June 30.^ .-6 mo». end. Jmie 30.-- Stearine is steady at OgOJic. in hhds. and tcs. Oleomargarine
1891.
1892.
18i)l.
1892.
Tallow has continue! in fair demand and
at
A
is steady at 83/4C.
£
S
2,91«.416 2.906,001 steady at 4 5-16c. Butter is quiet and unchanged at 18t^(934c.
1.572.646 1,M5,116
Oto«s earalngs
2,032,916 2,272,011
1,071.035 1,093,200
Operating expenses
for creamery. Cheese has been in slow demaid, and the
88S,.5O0
633,993
501,611
416,916
Net earnings
full cream.
3,568
2,659 close was easy at 8}^ §91.^0. for State factory,
1,144
2,022
Other Income.
Coffee has developed increased firmness and made a further
interest
on Funded Debt...
61
—
Total
Int., rentals
* taxes
Balance
OrosseamtDgs
503,633
443,000
4li5.824
46-1,471
636,652
929,150
OiTerings of desirable quality are vary light in
Rio quoted at 14-J^(;
is improving.
for No. 7; gool Cucuta, 21}^c. and interior Padana;. 27i^c.
Contracts for future delivery hive b»ea covered wit'i soma
freedom and con-iiderable inv^stm^nt mide on the loQg side.
The fuller demand from coasumerj and strong accouati fDin
Brazil strengthened the marker^. To-day tha tend-jncy is
extent.
still upward, but fuU cost checks demand to some
The close was firm, with sellers as folio vvs
gain in price.
all positions
8ur.37,S09 def.20,414
def.20,605 df.292,498
BOSTON & MAINE,
>—Quar. end. Jutu 30.^
^9 mos. end. June 30.^
1891.
1892.
8
S
4,090,041
2,4l3,"'8ff 2,728,996
3,854,174
Operating expense*.
839.063
909.673
1890-91.
1891-92.
$
$
9,819,202 11,362,034
6,259,604 7,603,977
and demand
:
Net e.imlLgs
3,758,057
277,832
1.411.083
dr. 6,143
1,361,015
38,631
3,559,-598
Total
1,434.945
iDt.rcntals, taxes, etc.. 962,447
1,399,726
985,011
3.782,247 4,035,889
2,9S2,000 2,927,361
472,498
414,085
OtheriDCO'.,ie
Surplus
222,619
790,247
1,108,528
Railroads in New York State.— Tlie following have reportpd
to the Slate Railroad Cocninissioners for the quarter ending
June
80:
yew TORK LAKE
ERIE A WESTERK.
,—Quar. end. June 30.—.
1891.
1892.
$
s
^9
wos. end. June 30.—.
1890-91.
1891-92.
s
Gross earnings
7.267,962 7,855,530 21,390,721
Operating expenses.... 4,013,078 5,0i»3,426 13,879,956
$
22,992,934
15,317,786
Net earnings
2,654,884
Prop, auo leased lines". 599,832
2,762,104
619,682
7.51(1,765
Balance
Other Income
2,142,422
234,021
5,617,778
770,904
5,749,258
751,042
2,4i6,413
1,965,170
6,418,632
5,814,824
6,500,300
5,897,537
2,055,052
296,074
Total
Int., rentals
2,351,120
i
taxes.... 1,926,697
1,862,987
7,675,148
1,925,890
606,663
424,429
461,273
603,858
leased on a percentage basis.
LAKE SUORB & HICIIIOAN 30UTHERW,
.—Quar end. June 30.—^ ,—6 mos. end. June 30.—
1892.
1891.
1892.
1891.
$
i6
tf
$
Oroivs earnings
4,799,415 5,150.594
9,550,049 10,678,656
7,1H8,S90
Oiwrating expenses
3,144, 4sl 3,227,625
6,300,009
_8iirplu8
*
Net earnings
Other Income
3,190,039
190,606
3,.50'<,766
2,041,991
1,083,522
3,336,645
2,125,60tJ
3.731,645
2,150,879
958,469
1,261,039
1,580,766
1,654,934
91,981
1,'&22,969
Total
1,746,915
Int.,remals and taxes.. I,0.i6,481
Surplus
690,434
119,022
221,879
Ang
ll-nOii.
Sept.
13 850.
13 60o.
Oct
13-500. (Feb
INov
Deo
Jan
13-."Oo.
13-15o.
I
I
I
13-400.
l3-40e.
13-350.
Mch
April
Raw sugars found good sale and a firm market, with offerings generally growing smaller, bo'h here and at pritnal
retaining
pomts. Refilled sugars have sold very well,
a generally firm tone. Cut loaf quoted at 5 5- 6c. ana
granulated at 45^0. Molassas less active. Teas attract somewhat Increased attention at strengthening prices. Spices are
faining in activity and tone, with some growth of speculative
1
eeling.
Seed leaf tobacco has been in fairly active demand at steady
prices.
The sales for the week amount to 3.823 cases, as folEa^^laud Havana, 23960c.;
lows: 1,072 cases 1891 crop.
1,800 cases 1891 crop. State Havana, 16!^ .«3-3c.: 50 cases 1891
crop.
England seed, 33^36c ; 350 oases 1990 crop, Wis-
New
<
New
consin Havana, 13«14c.; 300 cases 1891 crop, Wisconsin Havana. SiJ^id He; 200 cases 1890 crop, Peunsvlvania Havana,
13i^@l6c.7 and 300 cases sundries, 7i^ <« 33c.. also 80) bales
Havana, 70c.@$l 15, and 450 bales Sumatra. *3 6a<«${ 75.
Straits tin has been quiet and prices have made but little
change, closing steady at 30-55c. Sale* for the week amount
to about 150 tons. Ingot copper is dull and unchanged at
Lead has been in slow demand but steady
11-65C. for Lake.
at 4'15c. fot domestic. Iron is dull but steady at |13 75
@$14 50forNo.
2.
Refined petroleum
,,,
quiet but steady at 6-lOc. in bbls.,
crude in bbls. firmer at 5-55c.:
.
is
3.60c. in bulk. 6-80c. in cases;
in bulk 3-05c.; naphtha, 5c.
Crude certificates dull and the
was quoted nominally at SSJ^c. Spirits turpt-ntine is
quiet and unchanged at 28i^c.av8J^c. for regulars and 29o.
close
lor machines. Rosins are firm but quiet at $1 'jaj^c.'d $1 27V4C.
for common and good strained. Hops dull and easier. Wool
fairlv af.tive and firm.
THE CHKONICLE.
338
COTTON.
Friday. P. M., August
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
add similar figures for
cleared, at the ports named.
New York, which are prepared for our special use by Messrp,
Carey, Yale & Lambert. 24 Beaver Street.
We
26, 1893.
Thb Movement op the crop, as indicated by our
[Vol. LV.
teiegrair s
For the week ending
is given below.
evening the total receipts have reached 11,878 bales,
against 5,703 bales last week and 6,101 bales the previous
week, making the total receipts since the 1st of Sept., 1891,
7,181,009 bales, against 6,968,010 bales for the same period of
1890-91,showinganinorea8e8inceSept. 1,1891, of 163,999 balep.
from the South to-niKht,
titia
Bteeipti at—
Hon,
Bat,
Total
Fri.
Thurt.
Wed.
rue*.
771
269
855
504
443
989
57
Heir Orleans...
120
17
1,033
1,210
719
574
1,620
27
16
9
8
14
3,331
57
5,276
91
30
96
64
60
322
369
941
riorlda
Savannah
Bmngw'k, &o.
Oharleston
1
158
5
16
7
41
228
PortBo7al,&c
Wilmington
Waab'gton.&o
1
14
9
9
2
8
43
26
100
41
l."!
60
37
343
158
23
4
32
207
610
32
11
149
402
11,878
Horfotk
West
Point...
Bf'wp'tN's.&o.
New York
11
Boston
Baltimore
Phlladelpb'a.&o
224
59
42
52
149
25
XotalBtblBweek
1,290
2,391
1,419
1,456
3,336
1,986
The following shows the week's total receipts, the total since
Sept. 1, 1891, and the stock to-night, compared with last year.
New Orleans...
TMt
Aug. 26.
Since Sep.
Week.
Galveston
ElFa80,Ac.
.
New Orleans.
Hoblle. ...
norlda
Savannah.
,
Brans., dio
Oharleston ..
P.Boyal,4o
Wilmington
Wash'tn.&c
\,
207
610
HwptN.,<fcc
32
New York.
.
Boston
Baltimore.
..
Plill>del'a,<bc
Totals
11
149
402
18,453
23,764
I
8,02':
64,121
7,026
2,070,007
294,636
44,601
1,034
5,825 1,136,496
189,209
24.3
893 510,290
1,016
44 188,717
8,746
725 646,387
915 352,822
143
97,643
21 135,427
352 124,786
98
50,586
275
73,483
1,754
161,313
2,342
520.705
336,446
47,839
88,983
149,732
99,608
89,919
11,878 7,131,009
1892.
12,804 1,024,389
24,776
941 1,024,529
170,622
228 462,658
West Point.
Norfollc
Week.
3,831 1,147,460
57
43,692
5,276 2,493,589
91 265,042
43
Since Sep,
1, 1890.
Tills
1891.
8,268
14,603
2,449
2,500
5,000
Total 1892...
10,410
561
5,890
Total 1891...
Total 1890...
9,439
23,347
800
1,266
None.
None.
Charleston.
Mobile
Norfolk
.
..
New York
Other ports
1,767
1,143
None.
None.
None.
None.
The speculative market
31,429 6,968,010
5,324
594
266,233
3,000
13,542
130,733
1,100
5,500
4,532
216,792
In order that comparison may be made with other year,
give below the totais at leading; ports for six seaons.
IE
Bteeipti
at—
Galv'nton,Ac
New Orleans
Mobile
Savannah.
..
Oharl'st'n,&c
Wllm'gt•n,^ko
Norfolk
WtPolnt,*o
All others...
Iot.thlsweek
Blnee8ept.l
1892.
1891.
3,888
5,276
91
941
228
43
207
642
562
12,804
8,027
1,034
5,825
1890.
1889.
893
44
725
12,613
9,862
1,866
12,101
2,217
1,131
1,024
1,088
989
12,496
4,005
1,350
8,567
172
33
we
1887
1888.
6,716
3,356
580
8,863
2,198
772
2
1,080
153
170
69
1,224
4
1,534
9,281
10,359
2,009
10,343
5,111
1
660
102
275
169
11,878
31,429
42,810
27,709
23,639
39,309
7131.009'6968,010 5861,868 5544.678 5602.632
5320,624
*'*'" ^^^'^'^K reach a total
S^n
f92^^«f°'
01 11,19^
bales, off''\'^®K''a*^*i°8
which 3,109 were to Great Britain oi
'^.''^^ 4^' <" *»^« Continent.
Mo^ a^e
S/«^"4
the
exports T^fc!"'^
for the week, and since September
1, 1891.
Week Ending
Att^iust
from
:
Exported to—
MaporU
from—
Ortat
OonCi-
Brtt'n. franci
tMnt.
aalTSitoD
Vebueo, &o....
Raw
Orleans.
630,360
3,008
6,658
Mobile
Bavannali
Bnuswlok
....
Charleston....
Wllmlncton...
Norfoln
West
Point...
N'PortNws,&<
New York
Boston
Baltimore
8,747
2,83!
1.402
1,402
400
4O0
PhUadalp'a.lkc
Sotal
I'otal. IBBO-Bl.
79,806
3,763
il.6S0
a.io»
12 805
U
82
8.098
1.79'
became
Oonttnent.
97,399
Total.
807.664
36,684
992,968 513,417
37,866
176,607 80,197
98,947
4,840
100.030
6.650
66,671
151.696
7,900
94,130
21,979
6,272
546,099 37,503
275 911
128.169
7,611
21,687
40,437
652,668 2.169,043
301,239
360,212
62,902
118,673
37,314
196,840
16,637
110,767
27,251
10,421
166.347
708
79H.411
283,332
291.127
22.335
11.192 3,403 813 692,204
1,781,780 5,857.797
I».fl82 3.395.194
1,300
2,000
3,900
7,000
59,727
17,188
7,068
14,503
7,028
2,110
262,333
19,432
1,098
17,939
389,467
3,565
4,000
15,070
27,347
201,722
48,724
100
None.
100
for cotton has not been disturbed
by
features indicating a ner-
any
On Wednesday some
extent.
large
560 895 1.8g2.24« 5.778.3.S5
slightly
—
UPLANDS.
Strict
.yib.
413i8
61SI8
7I16
7
7^9
714
8618
838
8'lifi
GULP.
l?Iou
53,6
5016
6'l6
514
5=8
61a
613l6
.»lb.
,
,
6\
7%
,
LowMlddUng...
Middling
Good Middling
Strict Good Middling.
Middling Fair
Pair
8^
Sat.
,
838
STAINED.
Btood Ordinary
•
l>
7=8
Strict Good Ordinary.
818
81118
9116
83,8
83,6
8%
9%
8%
9^
Tnes
mon
45l8
438
438
411>i8
5
5
6%
Middling
66,8
6iiie
.,»,8
66i«
7%
7'«
7hL
7'i8
71I18
8U
8>4
l>
71s
She
6i3ie
6i5ie
7'i«
z,»*
8«*
83i
5i«
5ig
638
61118
611I6
7iie
7^16
71a
713,8
7'>i«
7ii
713,6
8=8
14"
ii!*
8«8
9
9
9
Wed
613i8
ei'u
Fri.
7'18
513,8
,
6
65,8
713i8
Sat.
nib.
43t
518
6
6i3ia
??18
7''8
,
518
859
8^
Tnes IVed Tb.
514
5%
51a
5I9
5»9
513
eis
6% 6%
l>
7'l8
738
4^
6
61»16
718
7I4
Fair
Low Middling
514
6i8
6%
Low Middling..
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary.
Low Middling
4%
478
5H
6»9
6'l6
Mlddlins
Good Middling
Strict Good Middling.
Middling Fair
Strict
inon.Xnes "Wed Tb. Fri.
Sat.
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary.
LowMirtdllnK
Tb.
Fri.
4I4
478
4k
414
4''8
5%
47e
594
5%
61118
6"l8
61116
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.
37,86*
607,043
103,79f
184,632
215.809
None.
None.
None.
4,394
1,265
1,200
5,414 bales, including 1,513 for export, 3,103 for consumption,
800 for speculation, and
on contract. Of the above
bales were to arrive. The following are the oflicial quotations
tor each day of the past week August 20 to August 26.
Bxported to—
ereat
Week. Britain. franet
1,000
vous feeling amoilg the great body oE operators. A very
slow movement of new cotton in comparison with last season
has been offset by a continuation of unpromising advices regarding conditions of trade in Earope, and latterly the cholera epidemic created a fear of reduced Continental interest
market.
Nothing of special interest develin
the
Monday and Tuesday, moderate
on Saturday,
oped
fluctuations in price and a small business
reflecting
an undetermined feeling among operators suSicient to check
Sept.l. 1891, to .1m. 26, 1892.
Total
652
46
200
100
None,
100
None.
None.
1,590
Stock.
Total.
wise.
alarmed over the possible influence of
the outbreak of cholera, and sold out, causing a decline of 13
1891
points.
Yesterday there was temporary slight recovery with10,503
out good support, leaving final rates unchanged, and to-day
38,600 the feeling continues slack under heavy liquidation of maturCotton on the spot has sold rather
4,420 ing September contracts.
slowly at irregular rates. On Monday there was an advance
9,667 of l-16c., followed on AVednesday by a decline of
^ic, closing
at 7J^c. for middling uplands.
2,993
The total sales for forward delivery for the week are 506,700
2,321 bales. For immediate delivery the total sales foot up this week
642
407,426
Coast-
None.
violent fluctuations, but exhibited
holders
2,240
6,849
Other
France. Foreign
385
76
None.
None.
None.
None.
100
None.
Qalveston
fresh dealing to
Stock.
1890-91.
1891-92.
Beeeipti to
Shipl>oard, not cleared—for
Leaving
Great
Britain.
Savannah
Oalveston
BlFaso, iSto...
KobUe
On
Mig. 26 at—
SPOT MARKET
CLOSED.
9A1.E9
Bxport.
Bat'day. Qiilet and Brm..
Monday yuict at iig adv.
Tuesday Dull
Wed'day Quiet at H dec.
Thur'd'y Quiet & 8teady.
Friday.. Quiet & steady.
Total
OF SPOT AND CONTRACT.
Con- Specsump. uPt'n
1,525
377
365
412
375
294
1.5121 3.102!
The Sales and fsioEs
c
following comprehensive table:
.
159
2,395
412
652
800
800
Sales oj
Futurts.
^oiai.
337
337
159
870
Contract,
36,200
60,100!
71,500|
108,7001
101,100:
1,459
129,100
.114
506,700
tfuTURES are shown by the
;
;
]
\
August
THE CHRONICLE.
1892.]
87,
889
4i0M
*
ST
i3Si f3?| i3gf ||g| f 3|| fSsL
li?? Ii-2|
^aS> «>3S* ?'aS5 '''w^- 'F'aSl ^wS^
ml Im im kn
£P5
aF>.
:
-
•
«
44
ail
~ :6i^ ills ills
1*11 ISI
!3>t
5:
:
•*II
»1
^ ® (Ccc-
(Hi
-lOI
•
»
3
<i6
e66
2
QD
«
I
81.0:
I
o
^
teo
2
«
a>>ioo>
oo
«« 25
MO
I
2
».«:
a>»io-]
I
..'h^^M
Mifc
to
MtO
I
2
a*:
~I-]0-)
litoOto
o<o
w
2
CXCOM'J
».";
I
-I-IOM
"J
s
s
d
O
Ui
!r
^^ J
?
2
tO-lM"!
tt.*-:
er..
09- 09«
..
77 7 77 7
MM M
--.
tOM
?
^^.
er
8,000
Cdl^
10
^.-.
5
5,000
710 715
tSO>M><
a.«:
20-
>
-a~io<i
»l«JO-?
toio^to
M
03U
3
Omm"2
toto
2
coto
er..
20
toto^to
W^ O MO
2
«.«:
»l«)0^
-l«qo»)
«0t0*(0
KCn
u
codo
2
toOio
ioto*^to
2
"l
00
»»:
to
»J«0O»)
*
cocc^w
•
•
•
-J-lg-vl
coeo'^co
cow*co
2
tO^lMt
00
<I<10-)
»1<1
^<io<<
COl^
.'OO
CO
coco
1
00
200
800
3,000
114,000
3,000
46,000
4,000
3,000
15,000
75,000
3.000
44,000
5,000
4.000
659,900
434,400
209,500
175,900
Total European stocks
2,033.900 1,344,400
43,000
IndUootton afloat for Europe.
42,000
Amer,oott'nanoatforKurope.
35,000
24,000
BK7pt,Braztl,Ao.,aUtforE'r''pe
20.000
9,000
407,426 216,792
Stock In United States ports..
65,601
Stock In U.S. Interior towns..
128,629
1
2,850
UnltedStates exports to-day.
885,500
80,000
16,000
6,000
70,071
674,900
46,000
33,000
4.000
67,624
12,8.33
529
9.741
3,399
2,666,936 1,695,643 1,076,933
838,664
Total Continental stocks
I
2
coco
tOOM-l
»?:
I
o
CO
»5-10~l
COCO^CO
tt^io
2
10MM>«
-J'lO-J
coeo^ej
l»ji
t^t^
2
tOCM"*
I
00
I
CO
MM O
MM ^
ciivi
«.":
2
2
*.-»:
CO
Total visible supply
Liverpool stock
Contlnentalstooks
MM
bales. 1,152,000
o
873,000
269,000
24,000
216,792
55,601
1
2,)^50
529
266,000
94,000
33,000
67,624
9,741
3,399
2,183,056 1,241,243
530,433
473,764
220,000
17,000
165,400
43,000
9,000
333,000
29,000
98.500
80,000
6,000
216,000
17,000
81,900
46,000
4,000
483.900 454,400
,2,133,056 1,241,243
546,500
530,433
364,900
473,764
Total visible supply
2,666,956 1,695,643 1,078,933
3i6,ad.
Price Mid. Upl., Liverpool....
6.tihd.
49i6d.
7i80.
Price Mid. Upl., New York....
llijac.
S^sc.
833,664
afloat for Europe...
United States stock
DnltedStatesluterlorstocks..
UnltedStates exports to-day.
Total An) irioan
E(ut Indian, Brazil, <te,
Liverpool stock
London stock
Continental stocks
India afloat for Europe
M<10~1
^Ogl
MMOM
COO)
CO
too
:^
MO
o
cji
CJi
9«:
I
ar:
to
M
MMOM
MMOM
I
'S
MM
2
cjtrfl
toe)M"»
«.«:
tow
CO
do
000
2
•<
a.*-:
1
a
ioo:m"»
I
9."":
—
314,000
8,000
199,900
42,000
20,000
:
I
2
a.":
CO
a
MMOM
MMOM MMOM
&«o^ ao^o
oo®o
CO
0:
MMOM
CBCJ>®yt
COif^
O
ocjt
2
»*
a
MMO»J
Moa
MM
aa
2
:
I
MM
I
aa
a
oto
17* The imports into Continental
ports this
M<I
IJ
drfi
ooco
2
*^
week have been
The above figures indicate an increase in the cotton in sight
to-night of 971,313 bales as compared with the same date
of 1891, an increase of 1,590,033 bales as compared with the
oorreeponding date of 1890 and an increase of 1,838,893 bales
aa compared with 1889.
AT THE Interior Towns the movement—that is the receipts
week, and since September 1, the shipments for uie
week and the stocks to-night, and the same items for the
for the
oorres^nding period of 1890-91— is
5
2
*<
e^sd
11>4C
20,000 bales.
a
MMOM MMOM
MO
M«l
MO)
fr
76,071
12,833
.
"^
«»:
CJtcji^c^
I
Total East India, &o...
Total American
9
C^CJl
-JMOM -3MOM
M-1
ci»
«b
00
I
00
to
5
2
cn*.
at
MOO
**
''
MM
^^
314,000
111,000
16,000
460,000
35,000
407,426
128,629
«.":
»l<10-3
I
ri^ec
2,800
19,800
7,000
Of theabove,thetotalsof American andotherdescrlptlonsare as foUowr:
American
<l»;10-0i
eoio
300
8,000
102,000
10,000
80,000
7,000
43,000
499,000
American—
» 10,
1
678,000
4.300
27,000
5,000
714
-.-.
2
tOM
910,000
4,100
67,000
21,000
:
$? MM*M
1
12- 06«
COilt
I
I
Total Oreat Britain Stock. 1,374,000
Stock at Hamburg
5,700
Stock at Bremen
03,000
Stock at Amnterdam
24,000
200
Stock at Kotterdam
9,000
Stock at Antwerp
Stock at Havre
887,000
9,000
Stock at Marseilles
70,000
Stock at Barcelona
13,000
Stock at Oonoa
49,000
Stock at Trieste
Egypt, Brazil, dec, afloat.
-4«J
COCO
-?o
^1
s
CD
to
iJm
:
er..
1
»1-40«J
>i^o,i
I
2
«.":
MCK
ii»o
-.-1
to
MM
2
2
a
13,20
0)-)oa
MO
-)-J
?2"?
11- 07»
• 6*$
do**
ODO *J OOCd »
»i<i
MM
K3
«.":
I
2
I
66*0
MOD »
00
1-0
for Ghreat Britain and the afloat are this week's returns,
all the European fl*oiroa are brought down
o Thiirwiuy evening. But to make thn totalH the complete
flg^res for to-night (Aug, 36j. we add the item of exports from
tb« United States, including in it the exports of Friday only,
1891.
1890.
1802.
1889.
stock St Liverpool... .bales. 1,308,000 893.000 817,000 483,000
17,000
stock at London
8,000
29,000
17.000
and consequently
set
out in detail in the
following statement.
:
MMO-J
MM°-3
Oi^ to
to
I
a
OM
so
I
a
2
"
:
M
M *M
O
»M
(DO
<
"?~?
Qcob
2
*^
2
"
OtO
ar;
M
M-IOM
I
I
a
:
I
a
0>
-J-JO-J
I
00
I
I
I
o
to
I
I
I
I
I
I
I
I
I
S
I
I
I
I
«:
M
M
COM
M
M M
M
M-HOWO-J*-C.3Wit^M.^MOCDOiCOOO-IM,ft.MCC*..tOCOMMOC»
0»AC0*iUM0iMMC0t0MOt0M0CC0C0C000MOC0M)^MOC;»05M00
I
oom-JCC'x-r o
I
I
I
I
I
I
M
CO
%
I
I
I
a:
I
li
I
'.D
o;
cr.
CO
:ji
o.
I
I
CtCOMlOM
M«MC;iOK>tOM;
occiooocoocnM. o-
Cif^COAfXMbO
OlOCOtOOil^O
I
I'
I
I
MOMtOMMCcI
CHOCiMtOXOO
aiOO^ OOll>.M00t«OM.
toa<09>coi»-i^
uico
•
ox;
1:
,i-
;.'!
I
Id;
I
-.1
Ci'
cooi:
exes.
>
I
I
I
I
I
I
05 to
I
!
a
I
I
ti'^^*~^\
bt^Odl
I
I
I
I
^:)
33
2'2
34
100 Sept. for Nov.
•35
700 Sept. for Jau.
700 Deo. for Jan.
300 Sept. for Aug.
•3 J pd. to
1.100
.Sep.
for .Tan.
100 Sept. for Deo.
100 Oct. tor Jan.
:!00 Jan. for Mch.
900 Sept. for Nov.
2.?l00 3op. tor Deo.
200 Sept. for Nov.
1,500 Sep. for Dec.
•24 pd. to e xch. 1 ,900 Sep. for Nov.
34 pd. to exoh. 1,400 Sep. tor Deo,
i^tscoMco!
KM tool
toeoooDOMMQi''^OM; MUOOXifkCXO
at-
tot4
to;
to;
CO.
CO
toocococ.:u*
OifeCOOXOtOO
OCOCCCIi^OXUt
M M
M
to
Mi*.|KC035-IC095MCOiUM.UOtOCOtOCOCOi^MIOMCO.KtOCOil^XXO
to exch. 4.100 Sep. for Dec.
exoh. 100 Oct. for Jan.
•13aH7p.toex. 1 1.300 Sop.for Oct.
to ex. 3,000 Sop. forMcli.
•45®51p.toex. 12,.500 8ep for Jan.
•38a4l p. to ex. 5,900 Sep. for Deo.
•23 inia p. to ex. 3,700 Sop. for Nov.
•.)T pd. to exch. 500 Sept. for Fob.
•12 pd. to oxch. 800 Oct. for Nov.
•10 pd. to exoh. 800 Dno. for Jan,
•13 pil to exch. 40.) Au«. for Oct.
6o®86p
600 Sept. for Aug.
500 Nov. for May.
COM
CO
M
poop-IWpi*.COO— pjDCCpj;»MO»QD— M X rffcODCCjC COi^C^tOMrB
toV3WC*«'o'c»*x'lO*rfk''M'^A.*c,3''cx*rf"'ccV: WWClto'M*.-MC W^ODCCO
0*,KJO — ti*MCOCOMWCCSCOICCO:^t5MCCOtOO;il^tOO"-CCi^MC^
OvIOl^kCOCOXMnDOJI^MMMMMtOMCCClMWIOMMCJ'tOl^CO^CO
pel.
•02 pd. to oxch.
•60 pd. to exch.
toco
I
ThefoUocriai; exchaaxes tiave been made during; the week:
to eicli. 700 Oct. for.Jj»n.
•41 pd. to oxch. 300 Sept. for Jin..
•23 pd. to exch. 400 Sept. for Nov.
toexuh. 1..500 Sep. Tor Dec
•11 pd. to exch. 300 Oct. for Nov.
to oioh. 200 -Sept. tor Oct.
to ex oh. (JOO Sept. for Nov. •13 pd. to exch. 100 Sept. for Oct.
10 p<l. to cxoli. l.OOO Sep. for.Oct. •12 pd. to oxch. 100 Sept. tor Oct.
exoh.
cxch.
exch.
exch.
exoh.
exch.
exch.
exch.
iHl. to exch.
pd. to exoh.
pd. to exoh.
i)d. to exch.
WMVJ(kM; XmIoOI
5C0O. CXOMCOOO.
I
•80 pd.
•31 pd.
11 pd.
•20 pd.
•81 pd. to
•41 pd. to
•10 pd. to
02 prl. to
10 p.l. to
30 |>d. to
•31 pd. to
•27 pil. to
~»
xM toK^a»Mccx:Dc;MCO'C.oco-]
— occto
CP X M X
*k
M
O
CO
C5 W C v"" W X X to
c;<OMa<tcoc;ii^oo:ococoi^i(.oatoococotocooocd^MMOto
CO CI CC
•
u:
to.
to
;
"too;
coto;
*
t
«6«
O^MCOtOtOCO
M i».OC0MC0
MMO O* OM to
MOOJOa'XMto«oc;'«»oc;<MMO»:
^
OCX-ImCXOODOi
MMXeotOC;tMC;*OtOOMXa030COOCX* S^^^^^ySSS^
OSM
•
a*MMUiik!
MMcoao;
.
oo"
**,
MM mMj
too
*"cd
^tooj'to
occe;
j^^i**
^?^
towMwoo-JJO
c:M*coc;»a*.coo-i: ct^^cooco — cw
jto
ow^coxxo*fcto. X. atoooototooDOco- o-i^xccn
Louisville Heures "net" In both years,
This year's flgures estimated.
The Visible Supply op Cotton to-night, as made up by cabi e
The above totals .ihow that the interior stocks have deareaa«i
and telegraphis as follows. The Continental stocks, as well aa during the week 3.3i7 bales, and are to-night 73,038 bales
THE CHRONICLE.
6i0
all tne
at the same period last year. The receipts at
have been 17,114 'iiles tew than the same wee li last
than for the
year, and since Sept. I taey are 93,760 bales more
same time in 1890-91.
QOOTATIONS FOR MlDDUNO COTTON AT OTHER MARKKTS.—
Below we give closini; quotations of middlina; cotton at South
the weeb
ern and other principal cotton markets for each day of
more than
towM
OLosraa (jooTATiosa fob MroDtiso oottos
Week ending
AujHSt 26.
Oilveston...
Hew Orleans
O'ha
7
7
7
61-16
7
7
Mobile
Bavanuah...
7
Cliarleston.
7ifl
Wilmington.
Norfolk
Boston
7
Wed»i*«.
Taet.
Jfon.
Satur.
on—
1^.
ThurB.
6i5ia
615i8
7
7
7
BHi
7
7
7
7
7
7i8
6^8
718
6''9
7 "3
7
7
7
6%
7M6
l>
7>4
6%
7%
6^
7>8
7li«
7Ja
7=8
79i6
'7'^
7»8
758
7li«
714
7»a
7=8
71,6
73,8
759
7=8
Uenix>lils...
7
7
7
7
7
7
7
7
7
Bt. Louis...
Olncinnati
7li«
7»R
71,6
759
7I18
7»8
7
7
7
7%
758
739
759
7%
7»8
738
7ii«
7<,6
7»H
Baltliuors. ..
Phllailelphla
Aogusta..
7%
LoolsTllle.
The
7%
7i>8
758
7%
closing quotations to-day (Eriday) at other important
Southern markets were as follows:
658
Newberry
6% Little Rook.... 658
6>9 Montsomery
Ralelgli
1^
64i
7% Selma
63i
6% NaahviUe
G^s
6i»i8 Shreveport
6% Natchez
Kkceipts From THF Plantations.—The following table
Indicates the actual movement each week from the plantations,
The figures do not include overland receipts nor Southern
Atlanta
Oolnmbiis, Ga.
.
.
Oolambus, Mies
Bafaula
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop whicfc
finally reaches the market through the outports.
[Vol. LV.
—
Dallas, Texas. At last we have had good local rains. Crops
are good here and nearly everywhere else in Texas, with picking progressing favorably. There has been rain on three days of
the week, the precipitation reaching one inch and fifty-one
hundredths. The thermometer has ranged fro
70 to 94,
m
averaging 8?.
San Antonio, Texas. Rain is needed badly for general purposes, but not for cotton, which is injured beyond all redempThere has been one light shower, the precipitation
tion.
Average temperature
reaching one hundredth of an inch.
—
and lowest 70.
Luling, Texas. The crop is good and picking active. Dry
weather has prevailed all the week. The thermometer has
averaged 79, the highest being 98 and the lowest 60.
Columbia, Texas. The crop is excellent and picking makes
good progress. We have had one light drizzle during the
week, to the extent of two hundredths of an inch. The thermometer has averaged 82, ranging from 70 to 94.
Ouero, Texas. Tlie crop continues promising. Picking is
No rain has fallen the past week. The thermometer
active.
has ranged from 70 to 98, averaging 84.
Brenham, Texas. Crops are fairly good, with the usual
local complaints, which, however, amount to nothing as yet.
have had showers on three days of the week, the rainfall
being thirty-two huuilredths of an inch. Average thermomster 84, highest 98 and lowest 70.
Belton, Texas.— Crops continue promising and picking is
There has been light rain on one day of
fairly under way.
the week, the precipitation reaching five hundredths of an
The thermometer has averaged 80, the highest being 98
inch
and the lowest 64.
Weatherford, Texas. Crops continue to look remarkably
well and picking is now under full headway. We have had
splendid showers on four days of the week, to the extent of
one inch and forty-eight hundredths. The thermometer has
83, highest 94
—
—
—
—
We
—
78, ranging from 62 to 94.
Orleans, Louisiana.
have had rain on two days
during the week. The thermometer has averaged 80.
Shreveport, Louisiana.
have had rain on two days of
the week, the rainfall reaching eighty-one hundredths of aa
inch. Average thermometer 81, highest 93 and lowest 69.
Columbus, Mississippi.
have had rain on three days of
the week, the precipitation reaching one inch and fourteen
hundredths. The thermometer has averaged 81, the highest
being 95 and the lowest 69.
Leland, Mississippi.
have had rain during the week to
the extent of fifty-two hundredths of an inch. The thermometer has averaged 79, ranging from 6J to 93.
Meridian, Mississippi. Boll worms are claimed to be doing much damage in prairie and bottom lands. There has
been rain on each day of the past week. The thermometer
has ranged from 68 to 88, averaging 'iS.
Little Rock, Arkansas.
Some rain was needed, but not so
much as has fallen the past week. Still no harm has been
done if it ceases now. Crop reports are generally favorable,
but are not uniform, being much better in some localities
than in others. It has rained on four days of the week, the
precipitation reaching two inches and thirty-one hundredths.
Average thermometer 79, highest 92 and lowest 69.
Helena, Arkansas.
Crop accounts are less favorable on
account of excess of moisture.
had rain on three days of
the week, on two of whicli heavy, the rainfall reaching three
inches and thirty-eight hundredths. The thermometer has
averaged 79, the highest being 90 and the lowest 70.
Memphis, Jennessee. The weather has been favorable during the week with rain on two days. The first open boll was
received on Tuesday from Coahoma County, Mississippi, and
averaged
Wu\
Bteeivtt atllu Porta.
Jtndins-
1890.
1891.
SVhat
Interior Towns. Rec''vt8from
1892.
1890.
1891.
71,783 169.289
66,6-6 155.507
3.661
8,902
12,0-5
10.44;
89
2,8d«
7,330
6,979
7,930
S
1,419
6,850
3,756
7,881
8,666
6,101
7,277
"
12
19
14,295
17.39«
5,703
"
28.....
July 22.
••
Ang.
••
...
1890.
1892.
61.588 162,473
67,237 147,963
7,439
9,644
68,660 181,866
42,810' 31.429' 118781 12,833' 58.«01 128,629
The above statement shows;
1,
the plantations since September
PlanVnt
1891.
1892,
6,668
79
708
3,918
16,600
46.999
2,213
2,197
1,760
6,622
3,535
1,681
16,807
30,380
f,851
—That the total receipts from
1891, are 7,203,709 bales; it
1890-91 were 7,009,041 bales; in 1889-90 were 5,861,143 bales.
2.
That, although the receipts at the outports the past week
were 11,878 bales, the actual movement from plantations was
only 8,051 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 30,330 bales and for 1890 they were
45,999 bales.
1,
—
Weekly Overland.—In consequence of the smallness of
the cotton movement, the detailed statements of weekly overland will be omitted until the beginning of the new crop year.
Amount op Cotton in Sioht Aug. 26,— In the table below
we give the receipts from plantations in another form, and
add to them the net overland movement to Aug. 26, and also
the takings by Southern spinners to the same d-ite, so as to
give substantially the amount of cotton now in sight.
1891-92.
1890-91.
1889-90.
Beceipts at the ports to August 26.
7,131,009 6,968,010 5,861,868
Interior stocks on Aug. 26 In excess of
September 1
72,700
41,031
*726
Total receipts from plantations
Net overland to August i6
Soutberu oonsumpiiou
to
August 26.."
Total In Bight August 26
7,203,709 7,009,041 5,861,142
1,18S,660 1,010,730 887,862
632,000
5-i6,000
52i,000
9,024,369 8,635,771 7,274,004
Nort hern spinn er s' tahlngs to Aug\ist 26 2.184,272 2,019,497
1,781,497
* Decrease from September
I,
It will be seen by the above that the
increase in amount in
sight tonight, compared with last year is
388,598 bales and
the excess as compared with 1889-90 is 1,750,365
Weather Reports by TELKORAPH.-Our
bales.
reports by telegraph from the South this evening indicate that the
weather
has bf en fairly favorable during the week. There
are complaints of damage from rust and shedding in
a few portions of
Georgia aud Flori.ia, and injury by boll worms
is reiwrted
from sectioLs of Alabama and Mississippi. Elsewhere
however the crop is as a rule doing well.
Picking is '^^^^'^^
liakine
good progress in Texas and at some other
points
Oalventon. 7'ej;a».-We have had rain on
one
week, the rainfall reaching fifteen hundredths day of the
of an inch
'"^''^"S ^'^^l bales forth;
^on°t^''Sa*te"T''^'^''!',f''^^'
Average thermometer 83, highest 92 and
l^est73.
promising and picking
pr^r^Tw^^^Tr^'T
There has S"''""''*
been one shower during the week
progre-,s€s well
and
the ramfall reached eight
hundredths of
low«tT'"'"""'"'*«^'*^''"'«
'^'g'^^^'
an inch
being
Th;
9randthl
^^J^^^ ^^^,
t^^^ii^XS
^^
Sr^^it ?any^f^o^."?o^^t!,^^.'-
thermo^'i^e'lerhts
—We
— We
New
— We
—We
—
—
We
—
is one month later than last year and twenty-four days later
than an average year. The precipitation reached sixty-nina
hundredths of an inch. The thermometer has averaged 79,
ranging from 69'4 to 89.
Nashville, Tennessee.
It has rained on four days of the
week, the rainfall reaching fifty-seven hundredths of an inch.
The thermometer has ranged from 66 to 90, averaging 78.
—
Mobile, Alabama. Crop reports are bad. It has rained
lightly on each day of the past week, the precipitation reaching fifty-six hundredths of an inch. Average thermometei;
80,
highest 89, lowest 70.
—
Montgomery, Alabama. Rain has fallen on five days of
the week, to the extent of three inches and fifty-two hundredths. The thermometer has averaged 77.
Selma, Alabama. Telegram not received.
Auburn, Alabama. Telegram not received.
Madison, Florida. Corajjlaints of shedding continue to be
heard. There has been rain on tliree days of the week, the
rainfall reaching seventy-two hundredths of an inch. Average
thermometer 84, highest 93 and lowest 70.
Columbus, Georgia.— It. has rained on three days of the
week, the precipitation being eighty-eight hundredths of an
inch. The thermometer has averaged 79, the highest being
85 and the lowest 72.
Savannah, Georgia.— Rain has fallen on two days during
the week, to the extent of twenty-six hundredths of an inch.
The thermometer has averaged 81, rangin,? from 70 to 97.
Augusta, Qeorgia.—The weather has been warm during the
week with light rain on three days, the rainfall reaching
eighty-seven hundredths of an inch. Accounts from the crop
—
—
—
are less favorable.
On
red lands the plant
is
doing well, but
on sandy lands it is claimed that rust has appeared to some extent.
The thermometer h; s raagad from 63 to'Ol, averaging
|
,
I
I
AV0U8T
THE CHRONICLR
27, 1803.]
Chnrkston, Soulh C(irolina.—y^e have had rain on three
during tlio week, to the extent of two inches ami ten
huudrcdthtt. Average thermometer 8D, higliest 90 and lowest
ila>H
70.
We
have had rain on two days
iStaUburiJ, South Carolina.—
of tlic pii.Ht woek. The precipitation being twenty hundrcdtliH
The thermometer
Heavier rain in the vicinity.
of an iiu-li.
has averaged 77 '6, tlio highest bsing 91 and the lowest 69.
Hilnon, North Carolina.— 'We have had rain on four dayn
during the week, to the extent of two inches and eighty-four
The thermometer has averaged
hundredthc.
from 70
82,
The following statement we have also received by telegraph
showing the height of the rivers at the points named at 3
o'clock August 25. 1892, and August 27. 1891
Aug. 25, '92. A ug. 27, '91,
rett.
Mpiiiphlii
NaalivUle
Bbreveport
Ticks >urc
COTTOM Crop Circular.
rtet.
4-5
5-0
9-2
2-3
1-5
14-2
Atjovelow-watermark.
Above low-watermark.
Above low-water mark.
Altove low-watermark.
Above low-water mark
NewOrlAADa
14-2
60
7-1
138
—Our Annual Cotton Crop Review
form about Thursday,
wfll be ready in circular
tlie
8th of
Parties desiring the circular in quantities, with
September.
their business card printed thereon, should send in their order ^
aa soon as possible, to ensure early delivery.
—
Iin>iA Cotton Movement prom all Ports. The receipts
and HipmentB of cotton at Bombay have been as follows tor
tbe weeK and year, bringing the tigures down to August 23.
BOMBA'S KECEIPTS XHD SHIPUEKTS FOK FOCB TEARS.
SMpmentt rtn««
BA^^mtntt this wee*.
Oreat
Tolal. Britain
l*tr Ortat OonliSriVn. nent.
•91-2
'90-1
Oontinent.
Sept. 1.
Jleeeipie.
TMe
Since
Week.
Sept. 1.
Total.
—
MANcnB"iTKri Market. Our report recoivnd by cable to-night
from Mannliester Htates that the market is quiet forbitli yarns
and shirtings. Production is being curtatled. We give the
prices for to-day below and leave thoso for previous ivtsak) of
this and last year for comparison:
1892.
82( Cop.
TwUl.
ranging
to 90.
901,000 5,000 1,749,0C0
1,000,101,000 fl'iO.OOO 1,024,000 10,0002,059,000
;372.000 irilO (1 l.liCi.OOO, 5,000;2,J0.').000
I.ooo! 2.O0O:3S2.000 8'^!).0OOil,271,000i 7,OQo!l,876,0CO
" 28
van
i-'a
1,000
i.ooo
According to the foregoing Bombav appears to show
a decrease compared with last year in the week's receipts of
5,000 bales and an increase in shipments of 2,000 bales, and
the shipments since Sept. 1 show a decrease of 133,000 bales,
The movement at Calcutta, Madras, and other India ports for
the last reported week and since the Ist of September, for two
years, has been as /oUows,
"Other ports cover Ceylon,
Tuticorin, Kurrachee and Coconada.
'
BhipmenU for the
Great
Continent.
Britain.
Shipments since Sept.
teeele.
Great
Total.
BrUain.
Continent.
1.
IWoi.
Oaleatta1,000
1,000
1,000
12,000
13,000
32,000
42,000
44,000
65,000
2,6o6
3,000
3,000
23,000
31,000
13,000
26,000
41.000
57,000
1,000
6,000
4.000
6,000
39.000
59,000
70.000
85,000
09.000
144.000
7.000
1,000
1.000
8,000
8,000
9,000
79,000
103,000
11,5.000
194,000
153,000
2.56,000
The above totals
for the
1891-92...
1890-91...
1,000
Hadras1891-92
..
.1890^91...
Ail otbers1891-92...
1890-91...
3.000
1,000
3,000
week show that the movement from
Bombay is 1 ,000 bales less than the same
week last year. For the whole of India, therefore, the total
shipments since September 1, 1891, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO BUROPB PROM ALL INDIA.
1891-92.
1890-91.
1889-90.
Bhipments
t» all
Europe
This
week.
fr*m—
Bombay
3,000
8,000
All other ports.
Total
Since
ThU
Sept. 1.
vee^k.
901.000
194,000
This
week.
SiTiee
Sept. 1.
1,000 1,024.000
9.000 256,000
11,000 1,095.000! lO.OOo' 1,280,000
Bine*
366.000
7,000 1,859,000
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
oorresponding week of the previous two years.
Alexandria. Kgypt,
1891-92.
1890-91.
1889-90.
Since Sept. 1.
2.000
11,666,000
ThU
Since
week. Sept. 1.
4,000
4.024.000
ThU
5,000
3,179.000
Since
week. Sept.
1.
ThU Since
week. Sept. 1
i...
XoOoutinemt...
2,000 332.000
4,Ou0'287,0O0
280.000
252,000
1,000266.842
1,000 171,846
Oital En rope
6,000 619.000
,532.000 2,000:438 688
Aoaniar is 98 poaaits.
t Tills year's totals revised.
This statement shows that the receipts for the week ending
fl^^A?*,''®''* 2,000 cantars and the shipments to all Europe
*
1,000 bales.
d.
a.
d.
d.
S 8>«9ei0
5 8>«»8 10
5 8I«»S10
5 9 9811
6
»7>t 8
3i»iga'9
d.
».
4'|<I
*h»
«7m
41s
4>a
8>s9610>s
4''l«
8
4",.
97
arrived in Wilmington on August 15, and also came from
Sumter, 8. C. In 1890 the first arrival was oa August 87,
from Anson County, N. C.
Exports of Cotton Ooods prom Great Britain.— Below
give the exports of cotton yarn, goods, (fee, from Oreat
Britain for the month of Jidy and since October 1 in
1891-9i and 1890-91, as compiled by us from tde British Board
of Trade returns. It will be noticed that we have reduced
the movement all to pounds.
we
I'amATMmd.
90O1
lotalOfAB.
Ooth.
omUted
1891-9:3 1890-91
October
November...
December
.
.
Lb>.
23.878
21,112
20,180
L6«.
24.565
23,012
82,648
1890-91. 1891-92 1890-91
1891-92.
Yds.
440,816
399,496
420,912
449,481
394.910
465.396
Lba.
84.772
76,836
80.911
1891-92.
1890-91.
85.291
lOS.OfSO
74.935
86,413
97.988
101,0P4
Lbs.
108,8S«
97,977
100,061
Lhs.
Lta.
807,082
318,804
77,203
78,722
98,194
84.738
85.H00
8l),75r)
108.31 ]4
109,7S<1
98,764
103,401
104,01S
316,284
306,268
Tot.lst quar.
64,540
70,255 1,2«1.»24 1.299,790 212.542 248,639
January
February
20,081
March
23,586
23.988
20,0)2
22.741
22.182
81.831
Tot. 2d quar.
B8.51.1
64.965 1.295.70B 1.264.5aH 247.741 241.30S
Total 6 mos. 133.083 135.220 2.554.930 2.564,318 490,2«) 487.91-
623.3fW
823,16a
91.415
403.774
412.552
423,178
428.798
443,181
448,751
April
20,019
May
June
18,841
17.488
20.494
70.IJ7-
94.532
81.008
03,881
93.e9»
00,571
Total 3d qr..
6«,S48
805.714
881.473
373,401
20.896
S96.866
347.911
867,204
71.896
75.691
68.522
75.518
72,800
64.15.1 1.1 17,178; 1,144,391 213.609 218,395
269.955
882.390
Totol 9 mos.. 189,429 199,375 3,674,108,3,708,709 T03392 706,337
893.321
005,713
7S.397
98.753
101 ,069
1.512
1,469
10,308
18.969
July
2.'i.l92
417.15'il
410,801
79.100
19.886
dundrr artlcl
exff'oris
—
of ootton manafactares
1.013.473 1,02S,07S
The foregoing shows that there has been exported from the
United Kingdom durins; the tea months 1,01.3,178,000 lbs. of
manufactured cotton, ngainst 1,0.'8, 073,000 Itis, last year, or a
decrease of U,600,000 lbs.
further matter of interest is th? destination of these
exports, and wa have therefore prepared the following
statements, slowing the amounts taken by the principal
countries during July and sinoe Ojtober 1 in each of the
last three years:
EXPORTS OF PIECB O1O09 A"»D rvRtS TO PRI'fCIPAL OOtTNTRlBS IW
JCLY, AND FROM OCTOBER 1 TO JULY 31.
A
Oct. I to JiUi; 31.
July.
Piece Goods.
(000> omitttd.)
1690.
Kast Indies
Turkey. Bff/pt and Africa.,
China and Japan
Kurope (except Turkey)...
South America
..
North America
All other couutries
Tota, yards.
Total value
.
,5fl«
170.1
,370
,6114;
,277
,"14
80,572
48.160
aH.6«4
45.
'
Sff«
21.'
919
32.418
-U
ism; -92.
1880-91.
Holland
336 410.801 468.886 4.001.464 4. 119.5011 4.196,464
1,754 Jt 44,611 £43,717
171 Jb4.4;i8 £4391
M
2,li94
8.813
8.475
4,467
4.030
2.7»«
8,061
876
903
81, «BS
ii7S4l
JBIM6
80,200
Oth. Kurope (except Turkey
Bast Indies
3.179
2,435
3.404
3,744
China and Japan
Turkey and Egypt
1.753
2.414,
All other countries
ToUl
lba
1888-90.
1V9.-31 1.795,045 1.742.6301 1.854.811
68.819 670,426 611.829 598.651
57.««9 50S.n35 MB. 1*2 512.647
87.973 243.77n 292.782; 293,863
415.343
48.951 48rt,l>i« 41«.38>1
257.0121 272.819
245.146
86,941
88.408 84il.8.'tt 282.46!*; 232.694
Tarns.
(000< omUted.)
Total Talne
zi>orta(halefl>—
SoUverpool
d.
6^ 9738
6% »7%
4
8H 9739
31»18 61>i997l,g
SiOia OH 9738
31»|«
Wilmikoton's F1R.ST Bale. —The first bale of cotton of the
crop of 1892-93 was received at Wilmington, N. C, on Monday,
August 22. It came from Sumter, S. C., consigned to Messrs.
Alex. Sprunt & Son. The first bale of the season of 1891-92
Germany
Beoelpt* (cantars*)....
Tbtaweek....
A.
d.
6
Mid
UpM-
Sept. I.
Alexandria Receipts and Shipments.— Through arrangements we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
August 24.
.
«6
5 o>««a 5
5
98 4ia
411 110 4
4 10 'SB 4
4 9 98 3
OolPn
8<4 lbs.
Shirtings.
Twist.
—
1,493,000
7,od6
d.
32« Cop.
Jutb Bdtts, BAaaiNQ, &c. Jute bagging continues firm
but in only fair request at former quota ion-*, which are 65^0.
for 1% lbs.. 7c, for 2 lbs. and 7)^c. for standard gradeu. Jute
butts are firm on the spot. Quotations are IJ^c, for paper
grades and 2'gC. for bagging qualities. There have been sales
the past week of 20,000 bales new crop jute butts to arrive
September to January,
Total
the porta other than
5
Mid
Uplds
J
XMalaU1891-92...
X8S0-91...
1801.
Cotfn
8<4 lbs.
Shirtings.
:
d.
d.
J'Iy22 63,g •»7>9
• 29
6»i8 »7>,«
AUK.5 a»le ®7'«
"12 6i}i »7
" 19 a
96''g
3.000, 3,000' 69.000 832,000
•9-90
'88-9
341
86t
17,707
8,955
2.428
4,3 ?»
4,406
S.9I7
i9K4
28,573
8<.923
41.461
87.869
88.1(76
89.571
9,177
104.550
110.514
86.825
so.au
27.6431
e.8«
8S.040
47,031
41,110
81.0S4
80.408
8,448
807,7>«
£H.700l
813,886
£10.137
47.433
43.97*
«8.:74
88,50 m
East India Crop Prospects.— The following is from Messrs.
Lyon, McComber & Co.'s cotton report:
Tlie annexed t»hle elven the latent ami fiiMrst Infmnatlon wlilch we
havi- liecn able to collfct
The tabh- f ii;>iilli!i inforinat'on r Kar<Ul>S
the Nizam's territory, fniiu which State no returni have bwn IsKUed By
the (Jovernment of Inrtla for acveral Tears.
hone n w itlven have
lieen obtained by adireet apiealto hla'lIlKhnesa the N Jam, wh'> baa
conrteoiuly place<l at our disposal the latest report of hla Director of
Agrlcoltore. The area under coltlvation la Cenoral India and Kajpa-
THE OHKONICLK
842
an;! as no n>BHtio.i
is also lenored by the Supreme Government
prpvBanKa', Assam, Mysore and BarmaU-in all of whicli
annually devoted
Inoes an aggregate of from 314 to 319 million acres are
crudest
tUe
but
any
form
to
to ootton-H is of little use to attempt
opinions from the offlolal forecasts of area and outturn.
AKEA IN THOUSiLNDS OF ACKES—OOO'S OMITTED.
1889-90.
1891-92.
189<>-?1-
tona
;
U maae of
Protincu-
Bombay
Btod....
Berar
105
2,304
*700
597
316
690
1,160
1,519
1,577
58
498
61
840
75
964
*2>050
1,593
2,300
1,7S8
823
326
650
Pnitjab
NUam's Territory
Hadraa
Mysore and Coorg
Aiiimiti
Bengal
BDrmab—
Lower
"
Upper
Total acres
*
108
2,443
695
"300
Central Provinces
0«ntral India
B^jputana.
N. W. Provinces
Ondli
5,715
5.814
5,136
„ 104
2,244
*60
*40
*200
*10
140
55
*40
*200
10
142
14.928
17,124
2,152
1,641
*50
'40
*20n
Egyptian Cotton Crop.— The following report on the
cotton crop in Egypt was issued by the Alexandria General
Produce Association, under date of July 31:
have greatly benefitted by the regular heat during
the month. Their development has been normal, and nearly everywhere their appearance is as vlgoious as last year at this time. The
flowering, which is now at its heixht. Is abundant, and many bolls have
already formed. Up to the 20th of July, the level of the Nile was
lower than in 1891. This circumstance did not allow such a general
watering of the fields as they ought to have had. Nevertheless the
water is consldwred to have been snlficieiit, or almost suftioient for the
generality of the plantations. It is only in some localities, distant
iTom the principal canals, where the drought was greater, that the
cotton trei s have suffered up to a certain degree. Very li.ippily, however, this inconvenience was only in few places ard in circumscribed
areas. It willnoteflfectthe result of the crop. There have been some
complaints of worms, but they have disappeared without occasioning
any damage. Our adviees therefore for the month of July are very
satisfactory, and give hopes of a good or»p. Nevertheless much depends still on the temperature and weather influences during August
and September.
News.—The
Total bales.
Haw York—To
Liverpool, per steamers Alaska. 640
Auranla, 1,012 ...Pedro. 708
Taurio, 337
To Havre, per steamer La Champagne. 25
To Hamburg, per steamer Marsala, 50
H«w Orleans— To Liverpool, per steamers Bernard Hall, 610
850
To Havre, per steamer Gardenia. 542
To Hamburg, per steamer Australia, 100
Oalveston- To Antwerp, per steamer Amethyst. 50
Boston- To Liverpool, per steamers Angloman, 998
delphian, 404
Baltimore—To Bremen, per steamer Gera, 285
2,757
25
50
usual
Total.
2,832
2,102
50
1,402
285
567
285
150
50 ""eieTl
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
Hbw ORLEANg— To Liverpool -Aug. 20 -Steamer Astronomer, 2,950
.... Aug. 24 -Steamer Piorldian, 600.
To Hamburg-Aug. 22— Steamer Gra'Sbrook, 50.
To Genoa-Aug. 22—Steamer Cironella, 2,958.
BOSTON— To Liverpool -Aug. 16-8teamer Lancastrian, 1,401.... Aug.
23- Steamer Kansas, 1.
Baltimore— To Liverpool-Aug. 15-Bteamer Federioo, 300 ...Aug.
5,619
P
IS-SteamerBarrowmore, 100.
Bahtr.
Uyerpool,Bteam(i.
week have been
Mon.
Tue*.
as follows:
Wednes. Thurt.
IH.
i^
Do
bia...d
Havre, steam... d.
Do
>s
>e
d
Bremen, steam
.
.d.
Kg,
indirect..^
Hainburg,gteam.(i.
d.
s,.
....
Amst'd'm,steam.d.
30*
Indirect
d
Beval, steam.. ..d. ii«4-iS(m
Do
d.\
30'
30*
SO*
ti-"u
Antwerp, attain. d.(
* Cents, per 100
,
30'
30'
iiet-^'ei
.
7^4
lbs.
Zs*
Aug. 19.
Aug. 26.
44,000
2,000
4,200
38,000
6,000
48,000
41.000
2,000
4,000
37,000
7,000
41,000
3,400
33,000
6,000
38,000
,424,000
,205,000
,398,000
,182,000
,366,000
il52,000
28,000
19,000
40,000
25,000
2-2,000
13,000
7,000
35,000
15,000
38,000
500
16,000
35,000
15,000
Saturday Monday. Tuesday. Wednei. Thursday, Friday.
J^t.
Quiet.
1:45 P. M.
Tending In buyers'
down.
favor.
4
4
Mid.upi'as.
Sales
Spec.
Dull.
4
Steadier.
Firm.
31518
3"ie
31616
5,000
6,000
5,000
6,000
800
500
300
500
10.000
2.000
7,000
1,000
Qalet at
1-84
i! .84
decline.
Qalet at
Quiet.
Quiet.
Steadr.
Quiet.
&exp.
Futures.
Market,
1:45 P. M.
Market,
4
p.
H.
Steady at Steady at
]
vanoe.
deoUne.
Quiet at
1-64 ad.
vanoe.
{
(
Firm.
Dull.
Quiet and
}
1-04 ad.
1-64
« 2-04
steady.
a
1-84 decline.
The opening, highest, lowest and closing prices of futures
at Liverpool for each day are given below. Prices are on
the basis of Uplands, Low Middling clause, unless otherwise
stated:
The prices are given in pence and 64<A.
Thus ; 3 63 means
3 63-64d., and 4 01 means 4 l-64d.
W"
Bat.,
2t2.
Taea.. Aag. 23.
d.
d.
<l.
It.
d.
d.
d.
d.
d.
3 62
8 62
3 60
8 60
3 69
3 59
3 59
3 62
3 62
4 00
4 02
4 04
4 06
4 09
3 60
3 60
3 62
4 00
4 02
3 60
3 60
3 60
3 67
3 57
3 67
3 57
3 60
3 6S
3 68
3 68
3 67
3 67
3 57
3 57
8 61
Aug.-Sept.. 3 61
September.. 3 61
8ept.-0ct... 8 61
363
Nov.-Deo... 4 01
Deo.-Jan.... 4 03
Jan.-Feb ... 4 06
Feb.-Moh... 408
Mcta.-April.
Mon., Ang.
Oloi.
August
Oot.-Nov....
Aug. 20.
Open High Low.
d.
3 62
3 62
3 62
3 62
4 00
4 02
4 01
4 06
4 09
3 61
3 61
3 61
3 61
3 63
4 01
4 03
4 03
4 OS
410 411 410 411
Open Sigh Low.
4 0i
4 06
4 09
3 60
3 62
4 00
4 02
4 OS
4 07
4 09
3 69
3 69
3 61
8 63
4 01
4 08
4 06
4 08
Olos.
3 69
3 59
3 69
361
3 03
4 01
4 04
4 06
408
Open High Low.
3
4
4
4
62
00
02
06
4 07
368
3 80
3 62
d
S5S
8 63
3 68
S58
3eo
3 62
400 4 00
4 03
4 05
4 07
Olot,
4 02
4 05
4 07
3 82
4 0»
4 01
4 06
4 07
April-May..
Wed., Aug. 24.
Open Bigh Low.
Thar*., Aug. 23
Frl.,
Aug. 26.
3 67
Ang.-Sept.. 8 57
September.. 8 57
August
Sept..Oct... 3 67
Oot.-NoT.... 3 69
Nov.-Deo... 8 61
Deo. -J an.... 4 00
Jan.-Feb ... 4 02
Feb.-Moh... 4 01
Meh.- April. 4 07
April-May..
Olo>.
Open] High Low. Oloi. Open High Low. Olot.
d.
d.
it.
d.
d.
d.
d.
d.
d.
8 58
3 58
8 66
3 66
3 56
3 58
3 60
3 63
4 01
3 67
8 67
3 57
3 57
3 57
3 58
8 57
8 67
3 68
3 68
i.
3 68
358
368
8 60
8 62
4 00
4 02
4 06
4 07
3 67
3 57
8 67
8 69
8 61
3 63
4 02
404 4 04
4 06 4 06
3 60
8 61
4 00
4 02
4 01
4 07
358 3 67 3 67
358 3 57 3 57
3 53
3 60
3 57
3 69
362
3 61
4 00
4 02
8 63
4 05
4 07
4 01
4 01
4 06
3 67
3 69
3 61
8 63
4 02
4 01
4 06
d.
8
3
3
3
4
4
4
4
58
58
60
62
00
0J
01
07
d.
8 67
3 57
3 57
368
368
358 3 57
368
8 60
3 62
3 69
8 61
4 00
4 02
4 05
3 63
4 02
4 01
3 60
3 62
4 00
4 02
4 04
4 07
358 3 68
3 58
407 4 06
3 58
BREADSTUFF S.
FBIDAT, Aug. 26, 1892,
for flour has been stupidly dull and weak,
neither exporters nor jobbers showing any disposition to
operate. Meal has riUed quite firm for the choice grades,
The market
which are in limited supply, but otherwise the market has
been dull and easy.
To-day the market for flour was dull
and weak. Meal was quiet and unchanged.
The speculation in wheat has been quiet, but early in the
week prices were advanced on Western manipulation, but
subsequently favorable crop prospects both abroad and at
home, dull and weak foreign markets, foreign selling and
continued full crop movement caused all the improvement to
be lost. The demand for "spot" wheat has fallen ofiE materially,
'64-l°64|^l«4-l'64
Baroelona,Bteamd.|
Sjg
»16
»I6
Q«noa, steam... d.]ii8««3,eiig4a>8Jiig,®3iB iig^aSig
"<!4®»16
Trieste, steam. ..d li3g«A'« IS64®'4 IS64»H
il'Ma"* 13g4»l4 l3e4®H
w
,
285
6,671
freights the past
900
28,000
Actual export
8,000
Forwarded
40,000
Total stock— Estimated....... 1,453,000
Of which American— Estlm'd 1,231,000
Total import of the week
23,000
18,000
Of which American
40,000
^Tiount afloat
Of which American
25,000
1,402
particulars of these shipments, arranged in our
form, are as follows:
Liverpool. Bavre. Bremen. Hamb'g. Atitie'p.
New York
2,757
25
50
N.Orleans
1,460
542
100
Galveston
50
Boston
1,402
285
Baltimore
Do
1,000
Aug. 12.
Phlla-
(Total.
Do
Of which exporters took....
Of which speeulators took..
Sales American
542
liO
50
The
gOotton
31,000
that port:
1,460
....Darlen,
Total
5.
bales,
trees
exports of cotton from the United
States the past week, as per latest mail returns, have reached
6,671 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph and published in
the Chronicle last Friday. With regard to New York we
nclude the manifests of all vessels cleared up to Thursday.
'
Aug.
week
Sales of the
Market,
JlRures,
Shipping
sales, stocks, &c., at
•110
16,546
Estimated.
The cotton
—By cable from Liveroool we have the following
statement of the week's
The tone of the Liverpool market tor spots and futures each
day of the week ending Aug. 26, and the daily closing price*
10 of spot cotton, have been as follows:
wbioh at best can only be considered approximate
ones, indicate a decrease la the past season on the previous one of
2,196,000 acres, or 128 per cent, and on the average of the previous
are of 866,000 acres, or 5-5 ner cent. Bombay shows a falling off ot
11'7 per cent on the year before and ot 7-7 per cent on the average.
These
LIVERPOOL.
[Vol. LV,
particularly
froai
exporters.
The
sales
yesterday
included No. 1 Northern at 5o. over September delivered; No,
3 spring at 3c. over September delivered, and No. 3 red winter
at 80^c. delivered. To-day the market was depressed by weak
foreign advices and rumors that cholera had made its appearance in England. The spot market was quiet. Siles included
No. 1 Northern at SJ-^o. over Sept. delivered and No. S red
winter at J^c, over Sept. delivered,
AuouBT
THE CHRONICLE.
87, 1893.]
t
OAILT OUMIHO PRIOWI Of NO. 2
lUon.
Antmat cl«llvnry
Bai'teiiilwr rlcUvcry
81
0.
0.
o.
o.
OctolMT 'U'lUery
D<M»'iii)>er (li^llvHry
Bltl>
WIHTKK WUKAT.
Wfd.
80>s
80^1
Thurt
81
80 >«
83
82 <«
82>4
8l'«
8ft
85 •^
8i<>s
8I>«
82 \
8-i^
M5>4
t-5'9
79\
80<S)
^
90»8
90
80^8
Indian corn fuluros advanced in the fore part of the week
on a demand from '• shorts" to covtr contriicts, on fears of
frost, aM cooler woithor was reported in the Noithwest, which
it was thouglit miKht extend to the corn bt-lt and do daniai^e;
but hit<T the market weakened under selliOK by '-Ioiirh" to
realize profits.
The s-pot market lias been quiet and early in
the week unsettled in coi'sequtnce of the labor troubles at
Butfalo. Yesterday No. 3 mixed sold at H^c. delivered No.
3 white at 65c. in elevator and yellow at BoJ^c. in elevat >r.
To-day the market was lower, owins; to the cholera epidemic
in Europe and Western sellinif. The spot market was quiet.
No. 3 mixed told at 6tc. in elevator and yellow at 6oo. deivered.
DAn.T oLosrao pbiobs or no. 2 mixed oobn.
Wed.
riie».
Thun.
Xon.
Sal.
61
64 nt
65
An(fn«t.(1«llvr>ry
o. 63
631a
May ,1 893, (lollv«rv
90 »8
9o:<a
o.
;
8<>i>imi]luir lielivery
.^9%
(0
SHTg
51 >4
58 •«
57>«
67<>8
588g
5 '9
591a
58
67
0.
Ooiol" r it«livery
o.
De<emi>«r delivery. ,...o.
o.
May delivery
&8\
5939
5858
5708
57^
57 •«
5Sia
58''8
Oats advanced during the first part of the week in sympathy with the improvement in wheat and corn, but the advance was not maintained, as an iocreasinu; crop movement
led " longs " to sell and take their profits. To-day the market
was lower under a continued fair crop movement and in sympathy with the weakness in wheat and corn.
DiLILT 0U>gINO PRIOBS OF NO. 2 HIXKD 04TS.
Wr.d.
Thun,
Sal.
Hon.
F^.
39 14
3914
40
delivery
39%
39
Aamat
o.
flepieinb«r delivery
39
39%
38%
o.
39 »8
39^
Ootolier ttelivwry
ctiutuT delivery
,..0.
39
o.
o.
42
39!>g
New York
The value of the
em
Tut»,
343
39
40
39 >«
3:l>4
40is
40 14
421a
42%
export* irfnce January 1 have
against t8.5«7.030 in 1891.
Tiie demand for brown cottons has l>een on a moderate
scale only and without particular feature, nor havo bleach'd
ahirtin.;H met with more than a limited new demand, but in
both free deliveries were in progress against back orders.
Prices are Htm and in bleached mpkes Farmers' Cnoice 36-inch
has been advanced to 6\ per yird, while an advance of 3}^
per cent is recorded in Forrest MilU and Ten Strike 86-inch
Wide sheotinas are quiet throughout and in kid
bleached.
finished cambrics the demand has heen l-^ss noticeable than of
late.
In coli)rod cottons denims and tickings are very firm,
with the most reputable mak&-i of the foriner tending upwards. Plaids are quiet without change, and in oth'»r lines of
domestics the market presents no new feature. Prints are in
fair duplicating demand and very firm, Allen's shepherd and
pink pliiids, plain and pink chamhravs and all their staple
prints have been advanced !4c. and their Turkey reds 3J^ per
cent.
Indigo blues are scarce and the Gloucester makes are
advanced ^4''.
Sliirtiui? prints alio are in smiU supply.
Business in fall ginghamj is baing rapidly w.)rked through
and agents are out with advance styles of spring pit^erns; but
so far only indifferent pro;re.sscan be reported. Print cloths
are strong without change in price from 8)^0. for 64 squares,
"l89i.
1890.
1892.
stock 0/ Print Cloths
Aug. 20.
Auj. 22.
Aug. 23.
Held t)v I'rovidcnce manufaot'irers. None.
475.(H)0
421,000
Pall River raanaraoturers
None.
46',000
113.000
Outside speculators (est.)
None.
None.
None.
been
t7,334.13.'> in 189 J
Total stock
None.
(iileoes)
—
638,000
839,000
DoMBSTio Woolens. The demand for heavy-weight
woolens and worsteds for men's wear for the balance of the
present fall season has been quiet all week, and it looks as
though the late spurt had furnished buyers with all the
supplies they were likely to require, eapecially as the mills
have yet to deliver considerable quantities. Spring-weights
have not been in as good request as anticipated, althou'^h a
quiet, but fairly steady, as foreigners have fair trade has been done in wool suitings and cassimeres and
fine worsted good-t in both piece-dyed and fancies.
Cottonstopped canceling iheir orders.
warp cassi meres are slow, but satinets have proved in average
The foUowinz are closing quotations
rough-faced
varieties
and
cloakings
request.
Overcoatings
in
FLOUB.
steady duplicating call. Flannels and blankets are
Pine
V bbl.?l 75a$l 90 Patent, winter
f4 25»f4 50 met a
Bap«rtlne
IPia 2.0 Cityinilla extras. ... 4 2i'» 4 3n quiet at first hands, but jobr)ers are dLstributing with some
Extra, .No. 2
2 00« 2 45 R^ tlour.supertlne.. 3 60» 3 85
freedom. Woolen and worsted dress goods continue in excelExtra, No. 1
2'Oa 3 25
Fine
»
lent shape in both fihst and second hands.
Clears
3 10» 4 00 Corn meal—
Btratehtg
4 00a 4 30
We8tern,4o
2 80 » 3 00
Foreign Dry Goods.— Buyers have bpen in good attenFMent. nprinc;
4 25* 4 65.
Brandywine
3 25
dance in importing circles, and although purchasing on a con[Wlieat flour In sacks sells at prices below tbuee (or barrels.]
servative basis the aggregate business for the week has reached
OB4IN.
a healthy total. Dress goods and silks are prominent feature?,
IFheat—
c.
o.
Com, per bash.
both staple lines and fancies doing very well, and a good busiBpr^«;.oerbuah... 74 » 86
Weat'n mixed..... 55
63
Red winter N'j 2.. 79 « 8
Steamer No 2
ness is reported in sdk ribbons, trimmings and laces. Linens
Red winter
West'u yellow
73 •» 82
60
65
all through move wiih a fair degree of freedom and an averWhite
Weotern white
74 « 8.',
61
66
age business is reported in hosiery and gloves.
Oatx— Mixed. .V ba. 39 » 40ia Rye—
White
42 a 47
Western, per basb. 61
63
Importations of Dry Goods.
No. 2 mixed
i4tateand Jer»e.r.. 65
38%3 39%
70
The importations of dry goods at this port for the week
No. 2 wtute
42 9 43
Barley— No. 2 West'n.
ending Aug. 35, 1893, and since Jan. 1, and the same facts for
For other tables nsnallT Riven bere see page ^"11,
the corresponding periods of last year are as foil )ws:
D
Hay uellvei-y
Rye has been
43"'
43"
4211
:
)
THE DRY GOODS TRADE.
New York.
.
2
Friday, P. M., Ausrust 26, 1892.
The market during the past week has lieen full of buyers,
but this has operated more to the benefit of jobbers than
of agents or commission houses. Business at first hands ha^
in fact been on the quiet side in all lines of cotton goods.
After the prtvious extensive buying this is not to be wondered
jobbers in all quarters are now placma; orders mainly
for dupli<ate quantities only, while they are still receivinj;
full shipments of staple domestics on account of initial fall
transactions. The strike at Butfalo has also been an infliieiice
in re:.tric!ing operations, owing to real aod apprehended delays to the movement of merchandise, buyers in a number of
instances waiting until all fears of interruption fo shipments
were removed. Although the market has been quieter, it has
lost none of its steadiness of tone, and prices have been well
maintained, wiih an occasional advance reported. Stocks continue in good shape. The jobbing trade has been active, the
season now being in full swing, and all Imes of goods have
met with an excellent demand. Collections continue good all
,
O p
— Z7
^
el
O
o
B
!»
B
:
R
e:
B:
a:
B:
IS.
•a.
c
at, as
round.
Domestic Cotton Goods.— The exports of cotton goods
from this port for the week ending August 33 were 1.639 packages, valued at $93.6.)1, their destination being to the points
specified in the table below:
Nhw Yobk
1892.
0»^
*-»]
wo
M
00*.
Jlf
vco
Ol
JO
t-'i^aat'
53103
»M-CO^
|f^
M M
WOT 0:00
00a J'03*.
OS
- OS
KCC
H
M,..,
^IP.
COCO to 03
aooait^oo
KiO)
^05
.03
^3S
COX
Wtek. Since Jan.
Week. Since Jan.
1.
151
17
3..'.29
3H0
India
66.6.<6
42
6
150
101
4,017
10.1
9.!'90
2
6.429
10.916
2,423
4,OS8
31.857
1,961
498
2
149
358
147
396
1.161
Aratiia
Africa
West Indies
220
Uexico
77
201
489
41
Centra! America.,
fiouth America...
Other countries...
2.451
1,021
103.960
4.832
7,602
4,471
18
w
*-
1,629
I
1,866
143,0.37
11,890
1
'^V*
IC^COOD
00*4*
*
From New Entcland mlU
ll
1,866
U^lV
CO to
^1 03
gitoxo3to
03-JXO^
MO
f-K^'OOC
•
00
MK103(0ifc
2
*-
"oi'-rto'-io
o- 10 -J
I
»0t0it*Oto
®X»,^0
(^ r- t*
®
0»-
1.
(0^,^0500
WW
00
— wto-^
OiOi
d'
a.
O-l
MDWOlin
!-!«>
C3t-J
03 03
(JO.J03tO^
oj'-aia.vt
>•
-03-J3ac
n
OOQO-OOJ
I
b'xtcJ-'M
'5*
s
fls-jiJ-a-w
03
I
^3!C0*3>e
I-
"'.^^'.'-
'S
o
m; ro
«|03
a »
e
ta
*». fc-
cy«
6.
^
111
03O33..S>
Si
'^
t30io:a>ii>®ifk-
»J,CifcOJ
03
2
to;;<o
>|l»0(>0
I
—
o.
O - OS o
t
178,544
I
O
-100
03
03 ~3
I
I
I
»
--
03 *>
uio
urc
I3V
I
I
c^o«.-oto
03>0330 —
I
MOi^-ia
^a'cso'jo
'-I- ^a-OS
«0ia03
wat'vjiiVa
loo
v
r<ta
i^o>OSj*kW__r__
OW-J1--I
I
m
to
ei0A.«>09
50—
a
B
I
tS-'f-'
r
0,®
l_~j
I®
"rcb'j^'v-to
sag
?•
rf^>^a»03M
a
H ^
164.729
13,815
5
,
c y y 03 -J
«WtO J«W
o
8,>-04
if-03
S-
a
^Sl a
s
O®
2,585
5,861
21,2:5
1.867
^^
_
o
]•
2
-.O
lOi*.
OOD
—
o3toctc^*
X
N.QO
I
1,629
154.927
points direct.
©
XM-sJtOOD
COCwMOS'J
D
a
OKJ03
I
Total........
10
o
»0U10J«
ViCi
06
Total
China, via Vancouver..
-t"
«a
I
^
2
SSoo
—5 '» a
!•
-~.
M MM
n
«»-
Great Britain ....
Oiher Kiiropean..
China
'-"^
iS
1
03r-^ i^H
00 OS CD i^'-'
aoaowij
-- ^5 k:
03 03
"la
(0<100,fi.<l
Ov|03O'>>'
j-*os-«
JD
00-^
tOCd
IS-M
M»
OlM
MOO
OS*
te-
00 CD
*. -1
p;-
I^CO
<!»
«-)
OOCDOW
«.>-0JOl^
2100
1891.
to Aug. 23.
ffll-'
00 — coo
I*
'
^
*a
sg
<
THE CHRONICLE.
344
State
atib
City
VtniiWtm.
TERMS OF SUBSCRIPTION.
Commercial and Financial CHROSICLilG
40
to
tax was $40,687 50. an increase of $8,543 50. while the county v
tax amouDtad to $49,740 23, an increase of $14,114 12, makin^i
it necessary to raise by taxation $847,770 13.
The
number
total
and
of Brookline's
of female polls
mile
polls
this
year
is
the former having bpen increased daring the year by 157 and the latter decreased by 30.
3,687
con-
[Vol. LV.
is
93,
pages published every week.
64
Milwaukee's Taluation for 1892.—The Milwaukee assess
rolls for 1893 have been completed during the past week
by City Clerk Mahoney, and the totals show the increase for
tains 180 pages published several times each year.
Investors' f^upplement of CHRONICLE (a Cyclo- the year in the value of both real and personal property to be
paedia of Kailroad Securities) contains 160 pages published $10,354,044. The increase in the assessment of improvements
alone foots up 13,561,630. Tfcie total assessed value of rea
every other month.
estate is $84,600,395; of improvements, $33,168,370; of perSubscription to CHRONICLE for one year $IO.OO,
sonal propertv, $31,160,599; total of all property assessed,
which includes every issue of both Supplements.
$133,939,164. In the matter of real estate the Fourth Ward
leads with an assessment of $7,538,370, the Seventh following
The purpose of this State and City Department with $5,885,360, while the Fourteenth shows the smallest with
an assessment of $1,338,310. The Fourth Ward also leads thftj
is to furnish our subscribers with a weekly addition to and
assessment roll of improvements, with $1,140,880. The Third,
continuation of the State and City Supplement. In other
Ward shows the largest assessment of personal property, thi
words, with the new facts we shall give, the amplifications
figures being $8,033,050.
The greatest increase in total valuand corrections we shall publish, and the municipal laws we
ation is also shown to be in the Third Ward. The increase in
shall analyze in the " State and City Department," we expect
the valuation of improvements has been greatest in the
to bring down weekly the information contained in the
State and City Supplement to as near the current date as Seventh Ward, the figures of increase there being $484,000.
tains
State
and
City
Supplement
of
CHRONICLE
con-
ment
Illinois Assessment Rolls.— The tax assessors in the several
Hence if every Subscriber will note in his SuppleMKNT on the page designated at the head of each item a counties of Illinois have completed their work for the year
reference to the page where the item in the Chronicle can and made their returns to the State Auditor, who reports the
possible.
aggregate assessment of the State as follows
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts.
New York City Tax Rate.— At a meeting of
New York Board of Aldermen held on August
the
S3
the general city tax rate for 1893 was fixed in accordance with the recommendation of the Finance Committee
at |18'50 per |1,C00 of assessed valuation, and the rate on the
personal estates of corporations, joint-stock companies and
:
Valuation of personal property
Valuation of lands
Valuation of town and city lots
Valuation of railroad personal property
Valuation of railroad lands
Valuation of railroad lots
$143,799,494
339,043,920
26oi408|429
928,123
Total assessment, 1892
Total assessment, 1891
$745,754, 172
738,504,7 91
5='2,846
1,021,360
Increase
$7,249,381
The number of acres of improved lands assessed is 37,965,087,
at an average value of $11 18 per acre.
The number of acres
associations that are exempt from State taxation was in like
of lands, improved and unimproved, is 34,539,379, and the
manner established at $17135 per |1,000.
average value is $9 83. Land values take a wide range, as
In our issue of August 6 the report concerning the taxation
will be sef-n by the fact that in Franklin County the average
of the city for 1893 made by the Finance Committee of the
value of improved lands is $8 99 per acre, while in Cook it is
Board of Aldermen was dwelt upon at some length. As there
$31 44 per acre.
stated, the amount to be raised this year is $33,735,555 84, and
Yalnation of Whitman, Mass.— The following figures are
the totnl assessed valuation of real and personal property is
taken
from the report of the Assessors of the town of Whit$1,828,264,275. The following shows what portion of the
assessment is subject to the general tax rate and what portion man for the year 1893.
Appropriations
$50,817 30 Va'ue pers'l prop'ty. *.'5 1 8,>?30 00
is subject to the special rate for corporations
exempt from Staie tax
2.520 00 Value of real estate. 2,723,130 00
County tax
local taxation for State purposes.
General rate for
cltv
ValuatloD, 'l.75H.9r7,fc73. at 1-85 pet cent
8p<"<tal rate for cori.oratlons:
Valuation, *7 1,306,402, at 1-7135 per cent
to be raised.
1,641 polls at $:! ea..
S32,503,720
Toi.uuo./iu do
65
Total tax to be raised...
$33,725,555^
that the rate has been fixed the tax books
will be sent
back to the Tax Department to have the taxes
extended. This
will occupy several weel's and when finished
the books will
be opened in the office of the Ri ceiver of Taxes.
Those who pay their taxes before November 1
will be entitled to a rebate at the rate of 6 per
cent per annum from the
day of payment to December 1, but on taxes
paid in November no rebate is allowed. If not paid by
December 1 1 pfr
cent IS added, and if not paid by
January i, interest is added
at the rate of 7 per cent per annum
from the day the books
are delivered to the Receiver.
It is stated that
;
Montana Railroad Yalnations.— The
Town
of
taken from the
BrooUine Mass
S«r^l Z' ^^'If
L^ln makmg
";.'"'V^'°^'^"<*
the total valuation
•
t
»^251,.jOO,
100,
an mcrease of $3,485,700.
town from these
of
The
;
;
$51,404,543 74.
figures will be seen to' b7$53,026,300
iu 1891, shows an
incrla^e
Bond
S'.mm
^
'
J
,
me
Proposals and Ncsrotlatlons.-We have
re-
ceived through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
"
1
number of miles
miles of side track?,
Total
number
main
;
of real estate $36 958 valuation of the
"
returns:
;
t.tal
which
o
'""' '^'^'' '° '"° y«^'« over $6 00 Joo"
^hUe'^hlT
''^""'^' '*'"'*'»'^''
the /"*"'«
,ame P-noa
p riod
r«.ill
k!!'?^!'"
has
been about
$142,000.
The rato nf t.^»»taxation for this year
„
will be lll-«ft
$11-80,
$1180. an ncrease of 80 cents
over last year. The
total appropriations for
the year ending Feb.
1 was $757,843 40
anincreaaeof $43,804 91 over
those of last'year'Tbp'^^fal'l
r
official
track, 8,844 62; total
;
$11,399,400,
gainst $50,739 550
main
1,238-61
aggregate value of
track, $39,423,401 50;
side track, $2,238,759; buildings, $1,883,226 75
rolling Ptock,
$6,518,745 61 tools, materials, moneys and credit, $369,142 03;
telegraph, $644,884 01 Pullman cars, $328,384 84 grand total,
from last year's
an increase
V"^'""^'
'^ $35,558,705, an increase
of
'?
value
Valuation of Kansas Railroads.— According to this year's
assesi-ment, the value of all railroad property in the State
of Kansas is $51,404,543 74.
The following figures are
to the Brookline Assessors'
books the personal
valuation is $18,063,100, a decrease of
$189,000
";:7f
total assessed
Montana, as fixed by the State Board of
Equalization, is $9,287,532. These figures represent 29 railroads with an aggregate mileage of 2,663. Tlie increase in
the valuation of railroad property during the past year is
$1,.506,142, and this is chiefly due to the construction of the
Pacific extension of the Great Northern, which is 383 miles
long in Montana.
of all railroads in
half the taxes are usually
paid
after the books are opened.
Yalnation and Taxation In the
Total valuat'n ]89?.$3.312,2B0 0O
Val. pers'l prop'y '91 $653,570 00
3'.740(iO
Personal loss
increase, 80.
more than
-According
*57,54- 83
3,282 00
Val real estate 1891 2,603,<580 00
Toberals'donprop'y
llit.ToOOO
$54, 2*15 83 rfeal estate gain
The tax rate for the year has been fixed at $16-30 per $1,000.
Total number of polls in 1891 was 1,581
in 1892, 1,641 ;
1,221.835 19
Now
withm a week
4,210 53
Amount
and couotv purposes:
sale.
Allegheny, Pa.— (State and City Supplement, page 65.)—
James Brown writes us that a vote of the
?^^^'°" "^'" Probably be taken" in'NoVemt)erfn''r"au:hority"'w
atace is-ue street improvement
bonds to the amount of $600,000.
City Comptroller
I
.1
August
THE OHRONICLK
27, 1893.]
By what autborltr— An act o(
Vf. Va.—(Chronicle Vol. 63, paue 265.)— The
Bluf Hi'l(i have voted in fuvor of the proposition to
^Buo H per <'eiit ~0-jear bond.s to the amount of $J."i,000. The
seouiitioa wiU be dar»d Aim. 32 1893 and interest will be payable yearly on Dec. 3l) at t'le Kirst Nationjjl Bank of Bliieheld.
This debt is to be incurred for the purpose of iniprovin)^ the
Ktreels, coiistruetlnu; tew-ers and ereclini; public buiIdmKS.
City Trea.-urer K. M. Baldwin has reported to the ClI oniclk
the following facts regarding the financial coDdition of Blue-
Bliu-nnM,
clWiitiT 1,077, No. OH,
Validity aniriiied by
citizotis of
field
I
—
nrldtri'port, W, Ya. An election will soon be h<l 1 in
Bridtieport to vote on the question of issuing |I3,000 of bonds
for sewers.
—
Colcride, Neb. The citizens of this (lace have voted in
faTor of issuiiig bonds for water works.
DiiTiil County, Fla.— This county has sold the § 75 000 of
St. John's Kiver improvement bmds rec< ntly advertised to
A. W. Kniuht of Jacksonville, Fia., at lOl^^. The following
list of bids received for the loan has been sent to the ChroniOLB by Charts H. Smith, Secretary of Trustees of the St.
John's River Improvement:
A. W. Knight, Juoksonvllle, $17.'^,000, deliverable In InstiilmeatD
101»8
.*ri0,ii00ou
'
instalments
10015
Eramet Coiiuty, la.— Emmet
of 5 per cent bonds, but has
County recently issued$3n,000
up to the present writini;
The new loan was authorized for
some of tlie old sixes. A det.iiied
statement of the county's flnancial condition will be found
under the heading, " Debt Clianges."
Garfield, Wash —At a coming election the citizens of Qwc
field will vote on the question of building water works and
issuing municipal bonas to pay for the same.
failed to sell the securities.
the purpose of taking up
175'517
100-75
102
We
NEW
LOANS.
and cor-
Chas. H. Smith,
>;ive below a certified statement of Duval County's
finance?, including the details of the present loan.
0FFICIAI. t.T.VTKMKNT OF BONES TO BK ISSUKD BY DUVAL CODNTY, FLA.
Issued by CommUsloners »t Duval County. Fla.
Purpose of lasue— Improvement of navigation of the St. John's River
at Dame's Point, within Duval County.
NEW
1. l-<lt.i.
Secretary of Tru-tees of the St. John's River Improvement.
Elmwood Place, Ohio.— Village Clerk John Kindall will
receive proposals until Aug. 30 for 6 per cent sidewalk bonds
to the amount of $5,000.
Sons, Cleveland, O., .-175,000, deliverable In
Blair A Co., New York, $173,000. deliverable In Vovemlier..
A. S. Diven, Elinira, N Y.. $52,000, deliverable In November.
November
$50,000 on Febi-uary 1, 1893.
on April I, 1K93.
$25,000 ou June 1,1893.
I hereby certify that the above sta'ement is true
rect, to the best of my knowledge and belief.
101'80
&.
1891 '
$.'>().000
Nallcmal
November
W. J. Hayes
11,
Janaarj term,
m
I
Bank of JnckunnvllI'', JaokdonvUle, $175,000, deUverabli; In Instalments.
N. 0. Stockton, Jacksouvllle, $17a,00<<, deliverable In
June
I
I
1
J.
of Florida at
Actual valuation, $26.40S,S07.
Population about lin.OOO (estltiated).
TotHl authorized l-sue, t:ilK>.000.
Amount alieady Issund. $.50,000.
Rate of iuU're^t on iheiii, (I per cent ; sold at 1 04 t-lO; re-sold at 107.
Proposeil issue, date Noveinner 1, IM H, Ii!l7.5,00 >.
Rat<! of ii te rest. Sis per cent, nay^bln May 1 ami November I. at
American Kxohanuo National Budk, New York, and
Cuuntjr Treaaurcr's iiffli'c, Jaekhouville, H la.
Miituilty of bonds in 20 yeaVs, with privilege of 4'> years, from date.
Proceeds uf bni :<U to be used for the purpose stated, and no other.
No other d.bt ou the county, eltlior bonded or floating.
Unappropriated cash hi TreaKury, $40.oiiO.
Bonds to bH sold Aimust «, isyj, at Board of Trade Rooms, Jaoksonvllle. at noon, by sealed bids.
Bids to be ii.ade either on whole Issut- of $175,000. deliverabl*
November 1, 18!I2. or uiion same, deliverable as follows, to wit:
Total aesemmeDt 1802.. .$720.43'!
A8fi»s»meiit about >« actual value.
$5flB.(iOO State tax per*l,oOO
ijiasi
ie3,43'l 1 Ity tax per$l.uOO
Valuation, perrooal
G-00
The new bond.^ will not be subject to taxation in the State
of Wfht Virginia if owned by parties who are non-resi ients.
Nil
Ml
FloutiiiK •lel>t
Vnlniitioii, real
Legislature, approved
Supreme Court
Kleotion held December 3, 1891. Votes for bonds, 1,4.^.^: agalDst
bonas, 714.
Asses orl valuation of properly, real and personal, for 1891,
:
Bondril debt
345
^^ For
otber proposals see next page.
NEW
LOANS.
LOANS.
$68,500
GRANT COUNTY,
5 and 6 Per Cent
Blaturinir, 3s in 191-^,
IND.,
INVESTMENT BONDS
$50,000
FOR SALE.
6 PER CENT
STARK COUNTY, OHIO,
BONDS,
Uedcemabie
In 189$),
•sfroM 1H94IO 1900. Interest New York-
STATEMENT
Talue of taxable prop«riy
$30,000,000
Assessed valuatlun
20,122,036
Total bonded debt. Inclusive
2MJiH
Population (Census 18J0), 32,000.
Ii!STS
ON APPLICATION.
BONDS.
(City of Canton,
Members of the New York and Boston Stock
PRICE UPON APPLICATION.
Bxchangea.
$70,000
(GOLD)
BUTLER,
Water
813,000 due Aasast
13.tl00 due Auuust
30,000 due Auuust
OEAXER8 IN
MO.,
COMMERCIAL, PAPER.
6s.
188
&
gfeQft
qp.JV*
nrtrt''^S8AICCOUNTY(N.J.)ROAD
^; V'Ubonds for sale, dared Auk
Aug 1, 1895, interest percent,
I
1892. pay; ble
;
denomination,
,
Further infoimntH'n will be supplied
00 application. No conditional bids wih be
received. The rijfht is reserved to reject any
or
all
bids, if
6
deemed
county so to do.
for the Interest of the
Pateebon, N.
J.,
MUNICIPAL SECURITIES
&
Co.,
NASSA17 STREET,
NEW
ITORK.
6% INVESTMENTS 6%
FIRST MORTGAGE (JOLD BONDS,
Amounta 8300
to
AIVD VICIXITY
Den It
•O
In
br
Carothers,
Jas.
FOURTH AVE., PITTSBL'RG, PA.
38,200,00*
PRICE AND FULL PARTK ULARS FURNISHBO
ON APPLICATION.
&
N. W. Harris
Co.,
15
WALL STREET, NEW YORK.
CHICAGO.
BUSTUN.
810,000.
GOLD DEBENTLRE BONDS,
3, T and 10 Years,
ATLANTIC TRUST CO., NEW YORK, TRD8TBB
Amoanls 8100 to 81,000.
A FEW CHOICE
7
PEE CENT FIRST MORTGAGES.
CITY BONDS
AMD
APFROYfD
OTHER
SECURITIES
FUR INVESTORS
Write for Description.
Lombard Investment Co
130
BKOADWAY, MEW
1
UKK.
OK
PITTSBURG
1801.-.
STATE STREET, ROSTON.
WM. NELSON,
rierk of the Board.
Aug. 18. 1892.
$100,000,00^
Assessed valuation for taxation, equal-
RANKERS.
ii<l,000
each. Sealed bids will be received for bII or
any part of the above issue with accrui d iuttr•Bt at the Court House, Pnterson, N, J
Sept. 2,
10 A. M. Assessed valuation of Passaic Countv
1892. $44.e0<',(J0(i: present debt. $5«6.ooo.
inoludlrtf tenipornry loans In anticipation of
taxes
38
.5
pajable senil-nnnuallj
I'itb,
1809.
1900.
1901.;
Population 84,i:o, Census 1890,
Blake Brothers
Co.,
BANKERS,
LA SALLE STREET, CHICACO.
at)
Total debt, including this issue
145,000
Det>t less than one-half per cent of assessment.
BEND FOR SPECIAI, aRCULAR.
Geo. A. Lewis
l!iih,
1-.<th,
Tme yalnation. estimated
ized
Issued by Water Company composed of all local
kankers. Bonds mature 1907. Interest New Yorli.
Hrdrant rentals from city alone exceed Interest on
konds. Wide margin of security. City entirely free
from mnniclpal debt.
County S
INTEREST PAYABLE SEMI-ANNDALLT.
Dated Aunnat l-.2ih. lH9:t.
A. Strassburger,
STOCKS & BO:VDS BROKER.
BOUTUER.N 1NVEST.MKNT SECURITIES.
Montgomery, Ala.
FOR SALE BT
FISHER & SHAW,
IKYEST91ENT BANKERS,
4
South Calvert
RAI.lI.nORE,
Street,
nARYLAND.
THE CHRONICLE.
846
Common Council to prepare ordinances for the issue of $300,000 of viaduot and bridge bonds.
Gloncester, Mass -(State and City Supplement,
for
-A short time since the city of Gloucester advertised
to tne
oropoeals on a 4 per cent street improvement lain
amount of $50,000, maturing at the rate of $5,000 yearly.
Finance
This loan was withdrawn from the market by the
TreasCommittte, owing to an irregularity in the order, and
lun ten
urer Dolliver now writ e.H us that the bonds will all
yearly.
years from July 1 1892, instead of being payable part
delivereil
Bids will be received until Aug. 29 and the bonds
Ibis
on Sept. 1. All bids must include accrued laterejt.
secured by
IK BLI.UIC
loan will be
loaii
a fund.
J a sinking
,
n,Grant County, Ind.— Through our advertising columns tnis
week Messrs. G»orge A. Lewis & Co., of Chicago, 111, are
Committee of the Milivaukee
•ffering for sale $68,i"00 of 5 and 6 per cent Grant County
bonds. The 5?. are payable in •913 and redeemable in 1898,
At the
page
Si.)
—
MorrisTille, Pa. On Octobf r 4 1893 the people will vote on
issuing water works bonds to the amount of $13,000.
Newark, Ohio. (State and City Supplement, page 81.)—
The Newark electric light loan to the amount of $40,000, which
we mentioned two weeks ago. is now being advertised for sale
and bids will be received for the same until September 5. The
bonds will bear 5 per cent interest and will mature at the
ra'e of $1,000 yearly, be.;inning September 5 1^*93. An of-
wm
and the
63.
ficial
^^
& Co. write us that the Grant County bonds
were awarded to them in competition against bids from eight
other firms. The total bonded debt of the county, including
this issue, is $264,314, and its assessed valuation is reported at
Northampton, Mass.— (State and City Supplement page
— Mr. Gtorge W. Clark, Treasuier of Northampion. writes
us that the city's 4 per ceiit sewer bonds to the amount or
$75,000 have been awarded to the Springfield Institution fof
Savings at 101-716.
Hempstead, N. T.—The Town Board has fold $90,000 of
gold bonds to Dime Savings Bank of Brooklyn at 101-131.
The bonds bear intf rest at 4 per cent, and mature at the
rate of $10,000 each year. They are issued for the purpose of
macsdamizing the Merrick road and are a chary* upon the
taxable property in the town of Hempstead, which other than
the above has no bonded indebtedness.
The loan is composed of coupon bonds in denominations of
$',000 each, dated July 1 1893 and payable July 1 1902.
interest is payable semi-annually on the first days of January
and July at the Hampshire County National Bank, or at the
office <f the City Treasurer at Northampton, Mas?.
These bonis were first advertised for sale on Aug. 1, but as
the bids which had been received up to that date were not
satisfactory to the Finance Committee, ihey were rejected and
the date of the sale was postponed.
Lincoln, Neb.— (State and City Supplement, page 119.) —
election held on Aug. 13 the people voted in favor of
issuing $47,000 of bonds, to extend the mains and enlarge the
city's water works.
At an
too.)
which purpose bonds
—The City Attorney
NEW
NEW
LOANS.
idated Street Ry. Co.
Mortgage Sinking Fnnd Bonds.
dated JULY 18T. 1802. DUE JULY 18T, 1922.
Vlrt-t
Redeemable after .Inly lat. 1902 at 105.
Redeemable after July iHt. 1912 at par.
Interest payable semi-annually in New York.
Bflnd for circular giving full description and price.
&
H.
Rollins
Sons,
WALL BTREKT, NEW YORK,
CONCORD,
N. H.
$30,000
Lehigh Valley
C.
MKW YORK,
CO.,
MerchaniK' Nat. Bk. Bds.
TA< OMA.
WA MH.
Mortgage Loans
borrower or lender until
loans hare proven roo<1.
&
CO.,
ANTONIO. TBXA8.
Lamprecht
Bros.
BANKERS,
& Co.,
113 Dearborn Street.
MUNICIPAL BONDS.
li
Wall
•i
Wall
THE
Investment
OAM'h
Co.,
DE8 MOINES, IOWA.
-
ST. LOUIS.
Street.
Onaranteed First Mortgaxes on improved lands
n Iowa and Eastern Nebraska. Safe and Desirable.
CIV PCD PCMT
'*''* rtn
uCra i
Debenture Bonds, secured by deposit of First
Mortgage Loans with an Eastern trustee. Fiftebn
HIQH
GEO. H. LEWIS,
Act 'g Secretary.
President.
Geo. M. Huston & Co.
BOND AND STOCK DEALERS
We buyand sell outright all Western
Municipal Bonds and St^icks.
We
chee fully furnish full and reliable Information concerning any Western security without chHrge.
onthly quotation circular mailed to all applicants,
New Issu-s of municipal bonds wanted.
'
305
destined to be the ifreat Manufactnrtng and
merclal Ceuter because It has
Com.
The Largest and Safest Harbor on the PacllTo Coast.
The Greatest Area of adjacent AKrlcaltural Land.
The most Magnlflceut Forests of Timber in he world.
The linest Natural Town Site and Water FrontImmense Veins of the Brst Coal In the West which
street.
T«K WAIt STREET JOURNAI*
produces a coke equal to Pennsylvania. Iron. SllyerGold and other ores. Eitensive Quarries of
Blue Sandstone for building purposes. Valuable
Information can bt) had of
FAIRHAVEN,
WASHINGTON.
ST. LOUIS,
MO.
Bonds, Stocks and Investment Beoarittes.
608
FIRST NATIONAL
BANK BUILDINa,
Omaha, Nebraska.
W.
lead.
THE FAIRHAVEN LAND COMPANY,
PIME STREKT,
G. R. Voss,
Commercial Paper,
BELLINGHAM BAY,
THK FUTUKB METROPOLIS OF PUGBT SOUND,
Is
GRADE MUNICIPAL BONDS
A SPECIALTT.
Tears' Sccokssful Kxpkkiknck. Send fob PamPHLET.
W. A. HOTCHKISS,
&
ST. LOL'IS.
WESTERN 8BCDR1TIKS AND
In the
Oiy pep PCklT
OH\ iCn UCI^ I
jnu. M. UL4taama.
UAYIjUUU,
Blessing
Co.,
BAIVKEKS AND BKOKERS,
(150,000.
most ConBcrva.
the West.
a.
Gay lord,
i
Claveland, Ohio, Perry-Parne B>Id>K
Boston, n»nn., S-J 8tat« Street.
Hew York,
A regular Banking Business Transacted. Accounts
Banks and Bankers, Mercantile and Manufacturing
Firms or Corp<>rfttlon.«i. received on favorable terms.
Foreign Kxchaiige Bought and Sold. Commercial
and Travelers' Credits, available In all parts of the
COBRESPONDENCB SOLICITED.
FAIRHAVEN,
KO COMMISSIONS eharited
$2,000,000
700,000
of
NEW YORK.
CHICAGO.
TEXAS.
8A!»
Paid-up Capital.
FARSON, LEACH & CO.,
IN
FRANCIS SMITH
Union National Bank,
globe. Issued. Telegraphic Transfers made with all
United
Srincipal European and Domestic Points.
tates and other tlrst-class Investment Bonds dealt In.
tive Field in
H.WHITE &
Ta & r4 B'w«T.
to $44,000,000
Price and Particulars on application.
1940.
PBICB AND DATA ON APPLICATION.
up
CHICAGO.
LOANS.
Capital Paid Up,
Valley HK. on each Bond.
The as-es^ed valuand the
1895.
1
present debt (including temporary loans in anticipation of
City of Sandusky, Ohio,
DOCK IMPROVEMENT 6?.
Co.,
Principal and Interest Guaranteed by the Lehigh
mature Aug.
Surplus,
Mortgage 4 1-2 Per Cent Wold Bonds. Choice Invesimenta
nVK JULY,
will
CHICAGO.
NEW YORK,
OF
and
$75,000
Lewis
R'y
1 1893
NEW LOAN.
$200,000
l8t
Aug.
ation of the county for 1893 foots
has been instructed by the Finance
PER CENT GOLD
Portland, Oregon, Consol-
36
49).
sewers to
will be issued.
6
E.
Passaic County, N.J. (State and City Supplement, page
61).— Bids will be received until Sept. 2 1893 for $30,000 of 5
per cent Passaic County road bonds. The loan will be dated
Wis.—(State and City Supplement, page
Miiwanliee,
(State and City Supplement, page 50.)—
38.)
$20,123,055.
cost $40,000, for
Rochelle.
special bond election held at New Rochi-lie on Tuf sday
evening, a resolution was passed by the t ix-payers, by a majority of 38, authorizing the trustees of the village to issue
bonds to the amount of $75,000, the proceeds of which are to
be expended in the completion of the sewerage sy=tem.
mature from 1894 to 1900.
Lock port, N. T.— (State and City Supplement, page
city s nnancial
financial conaition
condition will be given
statement of the city's
Statement
Department in a later issue
,jjjg
New
Messrs. Lewis
—The City Council has decided to build a system of
LV
[Vol
Hayes
J
Dealers
&
Sons,
BANKKRS,
In
MUNICIPAL BONDS.
Street Railway Bonds and other high grade In*
vestments.
143 Superlor^St..
^
7
,„ ^.^j^j^
Kxcho.gr IMnce.
ISoMton.
OMble Adorosii.
STREET,
JJE^ TORE.
•
KKNNBTH."
AUOU8T27,
taxes)
THE CHRONICLE.
1893.]
For particulars o( sale see advertise menc
Ls $-'>G6,000.
clsewlure in this Department.
riiwulxvillo, Ph.— (State and City Supplement, paze 69.)
—Bids will bo received uolil S^pt. 5 for llSl.OOO of 4J^ per
cent 5-30 year water bonda of the borough of Phoeaixville.
&
Co. were the
Port Au.-eles Co., Wash.— C. H. Wliite
Buccetisful biddeis (or i|.>0,000 of bonds of this county, which
were recently sold.
Portsmouth, 0.-(Statb and City Scpplembnt, pase 83.)Bids will be received until S ptember? 1893 by 8. 8. McCollock,
City Clerk, for the purchase of 6 per cent street improvement bonds to tlie amount of 181,023-74. The bonds
will be dale! September 1 1892 and will oe rodeem8bl(> at the
rate of cne-t-'nih yearly beginning September 1 1898. The
denomination of the bonds is to be fixed at the option of the
pure baser, and principal and interest will be payable in New
York
City.
Salem, .Wass.— (Statb and City Supplement, page 39 )City Treasurer F. A. Newell i^ advertising for bidn until September 1 on a 190,000 improvement loan to bear interest at the
rate of 4 per cent and fall due 1-10 yearly, beKinniner Au^uat
Interest will be payable on the first day of February
1 1893.
and August in each year and both principal and interest will
be payable ut the Merchants' National Bank of Bsstoa.
South Chester, Pa.— (State and City Supplement, paere
It is proposed t» issue bonds to the amount of $60,000
for sewer and public v. harf purposes.
Sprin^'ileld, Mo.-^State and City Supplement, page 118 )
The people of this city have voted five to one in favor of
bonda to tlif! amount of $85,000 for the erection of a new hit;h
70.)
—
—
school building.
Sap
Wis.—(State and City Supplement, page 100.)—
rlor.
847
Treasurer. (ileori;e W. Bogg^, in which ho says that no declHion as lo the form in which the proposition will be submitted
has as yet heen reached by the Com-non Council. As soon
anything definite is done prompt notice will be given in these
m
columns.
Texiirknna,
Ark.— Mayor W. H. Arnold.ofTexarkaaa. write*
Chronicle
that the question of constructing a sewerage sysbeing agitatel and that muaicipil t>03d8 will ba is-tued
to pay for the improvements.
Ho sa,7ti that by the middle of
Oc'ober be will probardy be able to give ui more defloite iaformation in regard to the proposed issue.
The water works bonds of Wakefield
Wakefield, Neb
to the amount of |7,000 recently referred to have been voted,
Weber County, Utah —County Treasurer John A. Boyle
wfitfB us that Weber County received $19,401 for its B per
cent 10-30 year bonds to the amomt of $70,000 which were recently reported us sold. This bond issue conititiites the en'ire
indebte iness of the county. The total as-e-8<-d valuation for
1892 IS $17,800,000 and the tax rate per $1,000 is $14-51^.
Pop-
the
tem
is
—
ula'ion in lh9U
was
J22,728.
Wlll<Mi?Uby, Ohio.— Village Cler* C. C. Jenkini writes n»
that $80,000 of 5 per cent wa'er boid4 have bjen sold to 3. H.
Smart, of Williughby. The price paid for the loan wui
A detailed statf'ment of the debt, valu^ition, etc., of
$30,075.
this village will tie found among the " D^'bt Cuanges" published this week.
Woodstown, N. J.— Borough Cl^rk M. D. Dickenson writes
the Chronicle that $30,000 of 4>^ per cent 30-j ear water
bonds have been sold to the New Jersey Trust & Safe Deposit Company of Camden, N, J.
Xenia, Ohio. (State and City Supplement, page 84.)—
City Clerk C. F. Loa;an reports to the Chronicle that on
August !5 redempti >n bonds to the amount of $8),300 were
Mavor, has sold school bonds of this city to awarded to Seasongood & Mnyer, of Cincinnati, at par. The
bonds bear interes-t at the rate of i}/^ per cent per annum,
the amount of $166,000.
and the principal matures on July IS 1913, but is subject t*
Tactima, Wash.—(State and City Supplement, page 144.)—
call after Julv 15 1903.
Three weeks ago we mentioned that the cit!Z-»ns of Tacoma
The total bonded debt of the city is at present $115,000.
would vole on the issuance of bonds for a water i-upply. During the past week we have received a letter from the City
l^' For otber proposals see next page.
Marciu
Paiti:rOQ,
CHICAGO.
Jamieson & Co.,
STOCKS— BONDS,
Title Guarantee
Chicago Stock Exchange.
DEARBORN STREET,
Chicago,
Ill§,
WORMSER, NEW YORK.
8.
FLOWEK 4
K.
CO.,
NKW
GLKNDINNINQ 4
PHILADELPHIA.
8#«clal attention fffven to ont-of-town busl*
Correapondence Bolicited*
neus*
Bansi, Member New York Stock Ezchiuige
S. M. CDHuiNos, Member Chicago Stock Exchange
J. B.
Breese
&
Cummings,
BANKERS AND BROKERS,
AND 113 nONROE STREET,
CHICAGO
111
Beeorltlea listed lo
flarrlod
New
9% 94
&:
96
WASHINGTON STREET.
nrploa
YORK.
CO.,
!{'20,000
Deposited witii State Andltor.
WM,
GUARANTEES TITLES TO REAL ESTATE.
Is
authorized by law to act as Registrar of Stocks
and Bonds, Executor, Receiver and Trustee for
Estates. Syndicates, Individuals and Corporations.
Trust moneys and trust securities kept separate
from the assets of the Company.
A. O. Slaughter
0FKICER8:
&
Gwynn
Chas.
W. D.
John P. WUson.
Edson Keith,
W.
C.
Goudy,
Wm.
DIRECTORS
John B Drake'
John McCairery,
Wm.
L. Z. Leiter,
Wm. H. Mitchell,
Wm. a. Hlbbard,
H. Reld,
John
J. Mitchell
J. C. McMalUu,
J. Ogden Armour*
D. B. Bhipman,
Frederick T. Baskell.
186
DEARBORN
A.
W.
Green,
&
100 WashlnEton Street,
CHICAGO,
-
-
-
$500,000
-
$40,000
NEGOTIATES GROUND RENTS
In the CttT
Takes entire charge of estates. Acte a*
agent for the registration and transfer of bonds and
dividends.
payment of coupons,
Interest
and
Authorliedby law to receive and execnt*
trusts of every character
from oourta, corporaUosf
A legal
depodtory for eoart asd
and Individuals.
trust fund*.
INTEREST ALLOWED ON DEPOSITS of mon«
which
may be made at any time and withdrawn
live days' notice,
ILI..
Fred. G. Frank
after
or at a llxed date.
TRUST FUNDS AND TRUST WrUSTMliNTB
&
Bro.
LOCAL SECURITIES A SPECIALTY.
99
CHICAGO.
CAPITAL, PAID UP,
SURPLUS.
stocks and the
OORRKSPONDENCE SOLICITED.
ST.,
Chicago.
IJohn P. WUson,
A. M. Pence.
Schaflher
Co.
BANKERS,
COMMERCIAL PAPER,
BOUGHT AND SOLD,
Member Chicago Stock Exchange.
nilST MORTGAGE IX)ANS ON IMPROVED CITY
REAL ESTATE FOR BALE.
Members of the Chicago Stock Ezohange.
W. Drew,
Herman
SECURITIES
Banking Baalneaa Transacted.
Qaniett,
Kerfoot,
COUNSEL:
113 DEAKIiOIlN ST., CHICAGO.
A' General
B. Drake, Vice-President.
H. Mitchell, Second Vice-President,
U. Rvld. Third Vice-President
S GIbbs, Cash'r. B. M. Chattell, Asa't CaahT
Wm.
James
John
Geo. M. Boiiae.
John DeKoveu,
;a. H. Sellers.
Samuel B. Chase,
Vkloaco Secnrlilee Bought and Sold.
ViH
Presideut.
J. Mitchell,
John
STEWART. Secretary.
CHAS. R. LARRABBE, Treasurer.
C. Walker,
O. Shortall,
LA SALLE STREET,
CHICAGO, ILLS.
Straus,
BANKERS,
LA SALLE ST., CUICAUO.
OFFICERS:
John
A.
George
111-1I3
&
toactasTKUBTKE. EXKCUTOR. KUCKlVERaud
A8SIUNKB for ESTATES, INDIVIDUALS and
CORPORATIONS.
President.
DIRECTORS:
BANKERS,
Cahn
This Bank Is directly under the Jurisdiction and
inpervlsion of the StHte of lUluuls, Is a LEGAL
DEPOSlTOlir for Court Moneys, aud is itntDonied
A. H. SELLERS, Vice-President.
ARCHIBALD
Co.,
Henry C. Hackney,
CAPITAL AND SURPLUS, - S3.-^ao,000
INTKRE8T ALLOWED ON DEPOSITS.
The Jennings Trust Co.^
York, Boston or Chicago
BLAUOHTER. Member N. Y. Stock Exchange
T. BAKER, Member Chicago Stock Exchange
Trust & Savings
Bank.
CHICAGO, lEE.
Illinois
CORRESPONDENCE SOLICITED.
on oonaerratlTe margins.
Mi VESTMENT
t200,UUU
.
Offers Investors In real estate aecurlties
protection afforded by no otiier system of
doing business.
GWYNN QARNBTT.
A. O.
Trust
Capital, pald.np
91,0U0,00U
Undivided earnings. Including
Prlrate Wire to
L *
&
Company
OF CHICAGO,
Members New York Stock Exchange,
18T-189
CHICAGO.
CHICAGO.
ire kept separate
and apart from the aiMts of the
Company.
WASHINGTON STREET, CHICAGO.
Correspondence Invited.
ATLANTIC MUTUAL
INS. CO.
J.
SCRIP
Dealt in br
AUGUSTUS FLOYD,
Stl
PIME STREET.
MEW VORK.
R.
WALSH, PresldenU
CHAS. U. HULBURD,
Vloe-Prssldeat.
FRANKLIN UATHEWAY, Secretary.
SAMUEL D. WARD, Traasnrar.
LTMAM A. WALTON, GMUw
THE CHRONICLE.
348
[Vol. LT.
—
Newtown, N. T. The following statement of the debt,
Yonntstiiwii, Ohio.—{State and Citt Supplement, pige
84)-Citv Cl^rk J. Ho^-ard Ed >vard3 writes the Chsoniole valuation and tax rate of the town of Newt jwn has been sent
bon-ls
thit on Aun. 15 $8,20 of 6 pir cent street improvement
to the Chronicle by John Heeg, Supervisor.
maturiog in from one to six years were sold to the Dollar
Newtown is in Queens County.
Savinas & Trust Company of To.merstown for $6,489 30.
Bonded debt Aug. 23 '92. $3fi6.O0O Assessment about V) actual value.
Mr. Eilwards is now aivertising for bids uatil Sept. 12 on a Valuation,
4,703,285 Total tax per .$1.000
$22-00"
new issue of 6 per cent Youngstown city bands of the follow- Valuation, real
85.750 Population lu 1890 was
personal
17,549
ing description: $175 of North Hazel Street paving bonds, due Total valuation 1891.... 4,789,035 Population in 1880 was
9,804
in 1894; $650 of Penn Avenue sewer bonds, due 1894 to 93;
have
this week received the folWe
'Wlllonghby.
Ohio
of
'95;
$5,999
and
due
1894
$280 (if Baiclay Street sewer bonds,
H.ilmes Street extension bonds, due 1894 to '98; $35,100 of lowing statement of the debt of WiUoughby from C. C.
Madison Avenue pavin? bonds, due 1894 to 1903; $90J of Jenkins, Village Clerk. No report from this village appeared
Woodland Avenue grading; bonds, due 1894 and '95.
in our recen' Supplement.
Purchasers mu^t be orepared ti take the boads not later
Willoughby is in Lake County.
one
at
delivered
be
to
money
the
1893,
September
18
than
W/ien nue. Total debt Aug. 16, 1892. $30,000
LOANS—
City
the
of
office
the
at
or
Tax valuation 1891
Youngstown
Watee
works Bonds—
the
banks
in
of
567,000
5e, M&8, $30,000.... Mar. 1, 1893 Approx. aotu'l valuation. 1,200,000
Treasurer.
i
—
—
I
($500due 8eml-an.)to Sept.l, 1922 Population 1890 was
1,219
OPTIONAL-—The bonds are subject to call at the option of the village after September 1 1902 on ninety days' notice.
INTEREST Is payable at the Euclid Avenue National Bank, CTere|
STATE AND CITY DEBT CHANGES.
We subjoin reports as
to municipal debts received since the
land, Ohio.
Statk and City Supplement.
Iowa— Emmet County. —The following statement of the
Some of these reports are wholly new and others cover items debt, valuation, &c., of Emmet County has been received this
of information additional to those given in the Scpplkjiknt, week from J. M. Barker, County Treasurer. No report
from
and of interest to investors.
this county appsared in our recent Supplement.
County seat is EsthervUle.
Marylaad— Prince George's County.— A statement of the
When Due. Floating debt
LOANS—
$2,000
of Prince George's County as given below has
debt, &c.
Total debt
CooKT House Bonds—
43,500
Apr.
F&A,
$12,000
1894
Sinlciug
68.
1,
fund
3,000
been sent to us by Mr. S. O. Town^end, County Treasurer. No
Funding Bonds—
Net debt Aug. 20 1892..
40,500
county
appeared
in
recent
Supplement.
our
report from this
May 15, 1898 Tax valuation, real
6s. MAN, $5,000
1,226,121
County seat is Upper Marlborough.
SuViJect to call on 30 days notice. Tax valuation, personal. 147,963
May 15, 1900 Tot.al valuation 1892
1,374,084
When Due. Total debt July 1 1 892 $105,000 68, M.feN, $6,000
LOANS—
Subject to call on 30 days notice. Assessment is M actual value.
Tax valuation, real
8,213,800
CiOL'NTV Bonds—
May 2, 1902 State tax (per $1 ,000)
$2-00
786,200 5s, MAN. $0,.500
68, .luly 1, $.5,000....,Tuly 1, 1893 Tax valuation, personal
publication
last
of
our
,
.
Subject to call on 30 days notice. County tax (per $ 1 ,000)
6-00
1898 Total valuation 1892.
9,000,000
Eekundino Bonds—
Bond tax (per $1.000)
5-00
1903
Assessment is % actual value.
3-00
$1-77 6s, M&N, $12,000. .June 12, 1906 Average school tax
State tax (per $1,000)
Subject to call after 5 years. Population lu 1 890 was
Population 1890 was
4,274
Court House Bonds—
26,080
1,550
July 1, 1922 Population 1880 was
26,45i Bonded debt Aug. 20, '92.. $4 1,500 Population In 1880 was
6b, J&J, $80,000
INTEREST on the Court House bonds Is payable in New York CStyj
INTEREST is payable at the National Bank of Baltimore on the
«ounty bonds at the County Treasury also.
on all other bonds at EsthervUle, Iowa.
68.
68,
6s,
July
July
July
1,
1,
1.
5,000.... J uly
1,
5,000... July
1,
. .
10.000.... July 1, 1908
.
MISCELLANEOUS.
PACIFIC COAST.
MINNEAPOLIS.
BIENRY CHANDLER &
Minneapolis Trust Co., Merchants National Bank WILLIAn
WALDRON SHAPLEIGH,
miNNEAPOLIS. ini.VNESOTA.
OF SEATTLE, WASHINCTON.
Chemical Engineers and
UNITED STATES DBPOSITART.
CAPITAL., $500,000.
Real
Angus Mackintosh, Pres. Abram Barker, Ylce-Pree.
Wm. T. Wlckware. Cashier.
Capital, 8'J00,000 Surplus, etc., 840,000
Interest-bearins Certiflcates of Deposit.
1
Loans. Safety Deposit YanltB.
Acm as Exe/utor, Trustee and Guardian.
DBPO8IT0RT FOR WILLS.
Efitare
P. O.
Superior Collection Facilities.
Correspondence Solicited
Merchants Nat'l
eamnelHUl.Preaident; ThomM Lowry, First VloePreaideut; U. F. Brown, Second VIce-PreRldent;
Dauiel Baaoett. Third Vice-President; Clarkaon
Unaley, Hecretary and TreaBurer: Isaac Atwater.
Jss. J. Hill. K. B. LHQKdon, A. V.
Kelley, W. G.
--lley,
Mortbrup, Wm. H. Dunwoody, C. G. Goodrich. Chas.
A. PUlabory, A. U. Lluton. P. B. Wiustuu.
&
H. Wood
Bank,
Co.,
81,000,000
Prea.
JA3. 8TBKL. Vloe-Pres.
I. A. MACRUM.Cashler.
SELLS SIGHT K.XCIIANGB AND TELEGRAPHIC THANSKKRa, ard ISSUES LETTKKe
It CREDIT available thrimxhout the United States
DRAWS BILLS OF EXCHANGE on London.
TACOMA, WASHIIWGTOIW.
PAID-OP CAPITAL
A
SECURE BANK VAULTS.
Jos. C. Piatt, C. E.,
CONSVL.TING JBIVGINECR,
IVATERFORD,
$-.200,000.
Sll Per Cent Coupon Certificate of Deposit, runnine
or Two years. Interest and Principal payable at
the Merchants' ExchauKe Nut. Bank, New York City
1 his Certificate has a coupon attached, which can
cut
be
olT when due, and presented to any Bank for
payment, the same as a New V ork Draft.
most
convenient mode of luvestinK your surplus money.
Write tor a copy of the Certificate.
A. BamaMAN, Cash. Geattan H. Wheilbr. Pres
One
MISCELLANEOUS.
120
Makes specialty of reports on railroads and other
investment properties,
Examinations made In any part of the country
accessible points.
Commercial Bank,
COBBK8POKDINCI SOUCITID.
C. K.,
ElVOINEER,
BROADWAT, NEXT TORK.
€0]VSrL.TI]VC}
Konff.
Bulldluff,
Dealer* In the highest class of MlnneapoU* SecurlBank StuckB. MurtKHKes and Bonds.
M. Am. Soc
LOBWKNBERGj
COLLBCTIONS MADE on all
les,
SO Broadway, New York.
O. Osgood,
Paid CapltBl
J.
Hong
niNNEAPOLIS, nUNH.,
<& 9S,
Jos.
PORTLAND, OREGON.
I.lTerpool, Dublin, Paris. Berlin, Frankfort-on-the.
Main, and all the principal cities of Europe ; also on
INYESTMENT BANKERS.
Guarantee Loan
Cbemlcal Industries Investigated, New Proce«sefl
Uxamined. Plans and 8 pecitl cations ot Works FiirQlshed. Also Yearly Contracts for Coosaltations.
Kooms 97
BOX
1,000.
Cable Address "Trust" Minneapolis.
DIKBCT0R8.
S.
Consulting Chem'sts.
I
f.zainliiatlane
N. V.
and Reporta f*r lBT«atan.
V\^M.
FRANKLIN HALL
iooKB
AOOOTJNTANT A™»™»
Mew tormi deilgned for books ot
Merchants National Bank
TACOMA, WASHINGTON.
(OLDEST
GENUINE
WELDED CHROME STEEL AND IRON
IB
Boond and
Flat Bars, and S-plr Plates
CsoBot be Sawed. Cnt, or
Drilled,
and Angle
and posltlrely
BurKlar-Proof.
OBROmE STEEL WORKS,
BoUMan'fersintlien.B.
(i.ld.
BROOKLYN, M. Y.
Hend r.r Lliu.
"-E WIS A. CO., Bankers
*,!?;
Ha LA^-8ALLK
STREKT,'cUI(Tgo.
.
8-^30.000
;«urplus and Undivided Proflts
8100,000
Correspondence solicited. Collections a specialty.
418 Ezohanne Building, 63 State Street Boiton.
Bliss,
Fabyan
&
Co.,
NEW YORK, BOSTON, PHILADELPHIA
BBLLDia AOENTg FOB LEADINQ BKXNDB
BROWN
PSs
Beucht aid
BANK IN THE CITY.)
Time Deposits.
Interest Paid on
C»P>'al
aeconnt.
SetUsTntnt of IriMlvent Batata.
'
SAN FRANC ISCO.
The
First National Bank
OF SAN FRANCISCO, CAL,.
...
UNITED STATES DKP08ITABT.
OAPITAL,
81,900,000
i^DRPLCS,
.
.
.
8730,000
8.
Q.
and BLEACHED SHIRTING
and SHEETINGS,
FBINTS, DENOIB, TICKS, DUCKS, dtO.
ToweU, Quilts, White Good* and Boilerr.
DrilU, Bhteting;
Geo.
MDKPHT.
lAMM
President. H. D. Moboan, Cashier
MorFm. T.-Pres. G. W. KiJ»«. Asst. Cash
GENERAL BANKING BUSINESS.
AVCODMT8 SULICITKU.
<ee.,
tor Export Trade.
Copeland
&
Co.,
COTTON BROKERS,
129
PEARL STREET, NE^T TORK.
Cotton landed at MUls from S«atliern MarkeU a
•peoi«lt7.
@FedFRASER