Full text of Commercial and Financial Chronicle : August 4, 1894, Vol. 59, No. 1519

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H U N T ’S M E R C H A N T S ’ M A G A Z IN E ,

%

W tffeliJ

M¡3))+])**,
l

®EPRESENTING- THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
[Entered according to A ct of Congress, In th e year 1894, by the William B. D ana Company , in th e office of th e Librarian of Congress.]

VOL. 59.

SATURDAY, AUGUST 4, 1894.

$ fc e

NO. 1519.

The week’s total for all cities shows a loss of 18*2 p.c. from ’93.

© h r o m tle .

W eek E n d in g J u ly 28.

PINE S T R E E T , N. W . CO R N ER O F P EA R L S T R E E T , N. Y .

1894.

CLEARING HOUSE RETURNS.

1

J u ly .
1893.

P .C t.

1894.

Seven M onths.
1893.

$
$
8
1
N ew Y o rk ........ 1,843,418,776 2,393,406.871 -2 2 '9 13,791,868,007 20,760,165,298
B o sto n ..
332.040.953 374,213,781 —11-3 2,373,003.616 2,903.052,999
P ro v id e n c e ....
19.802,100
25,147.000 —21-2
131.463.500
188,333,300
H a r tf o r d ......
10,179,714
11,038,363 - 7 '8
60,291,148
74,570.174
N ew H a v e n ...
6,463,204
7.475.237 —13'5
41,300,417
46,868.385
S p rin g fie ld . ...
5,383.527
5,995.031 - 10-2
37,337.139
43,150,537
5,281.909
W o rc e s te r .......
5,410,055 —2'4
34,972,366
41,028,735
P o r tla n d ..........
6,305,178
5,506,268 —3'7
34,732.709
39,279.190
2,894,672
«Pall River......
3,069.336 —5'7
21,767,952
25,536.249
2,544,593
18,180,280
2,839,044 -10-4
L o w e ll.............
22,220.843
N ew B e d fo rd .
1,656,676
1,940,1*4 —14'6
12,647,761
15.156.956
T o ta l N . Eng 391,552,529 442,639,259 —7-0 2,770,696,888 3,399,197,3o8




79,464,520
4 915.0ÜO
1,814,088
1,493.642
1,233.023
1,220.831
1,103,336
556.852
580.650
393,535
92,775,477

53,180,070
12,364,990
11.741,854
3.684,430
1,342,034
1.257,974
659,269
661,351
372,200
861,461
85,269,772

59,138.438
12,875,683
12,979,554
7,219,603
1,317.964
1,383,649
811,728
889,259
307,900

—9 5
—48 9
+1 9
—9-1
—18 8
—2 5 6
+20 9

96,921,783

C h ic ag o ...............................
C in c in n a ti..........................
M ilw a u k e e .........................
D e tr o it................................
C le v e la n d ...........................
C o lu m b u s......... .................
P e o r ia ............ ................
In d ia n a p o lis ......................
G ra n d R a p id s ................
L e x in g to n ..........................
S ag in a w ........................
B ay C ity .............................
A k ro n ..................................
8 p rin g fleld , O ....................
C a n to n ...................... .........
T o ta l M id d le W e s te m .

74.790,786
10.916,600
3.420,772
4,818,166
4.684,285
2.690,000
1,764,230
1,295,307
639,539
329,579
287,421
233,76*
153,248
109,756
140,810
106,274,263

72,257.758
9,203.200
3,104,60 ¿
5,637,147
4.806,706
2,911,800
1,265,551
1,038,50*
696,374
225,925
315,647
273,504

S an F ra n c is c o ...................
P o rtla n d .,
S a lt L a k e C ity .
S e a ttle .
T acom a.
L os A n g e le s.
H e le n a .
S p o k an e.
S io u x F a lls.
F arg o *
T o ta l P aciflo .

10.665,922
1.043,296
812,812
416,937
462,230
741,813
544,756
227,824
106,375
80,716
15,021,965

K an sas C it y ....
M in n e a p o lis ....
O m ah a .
S t. P a u l ........................

8.152.306
4.933.266
4.180,397
2.885,668
2.338,328
2.421.416
1,378,769
471,661
930,227
352,810
299,152
3o7,614
67,631
66.300
28,853,435

23,314,082

F o r t W o r th ..................... .
B irm in g h a m .....................
J a c k s o n v ille .................. .
C h a tta n o o g a ....................
T o t a l S o u t h e r n ...........

19,218,557
5.415,719
5.678.521
1.295.137
1,590,044
2.027,727
958,456
1.144,214
799,338
619,467
784,9*0
1,014,170
470,000
375,000
248,204
280,064
164,526
42,144,084

15.701,413
5.759.585
3,048,957
1,467.596
1.350.000
2.150,000
876.852
554.806
677,111
707,901
897,895
663,263
259,076
300,000
320,704
815.766
196,950
35,247,875

T o t a l a l l . . , ................
O u ts id e N ew Y o rk .

-18*1
-3 0 -2
-1 9 -1
—11-9
-13-5
—14-8
—H '6
—14-8
-1 8 -2
—16-6
—186

(2,072.251,
(50,231,825

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

—33-6

(714,288)
(34,082,800)

B o s to n ...............................
67,309,955
P ro v id e n c e ..................... . 1
3,776,400
H a r tf o r d ...........................
1,504,987
N ew H a v e n .......................
1,120,527
1,042,964
S p rin g fie ld .........................
1,043,056
W o rc e s te r..........................
1,128.530
P o r tla n d ................. ..........
578.758
F a ll R iv e r ..........................
605,356
L o w e l l........................ . . .
308,940
N ew B e d fo rd .....................
78,419,203
T o t a l N ew E n g l a n d ...

P .C t.

Philadelphia.. 250.255.648 280.679.388 - 10-8 1.709.810.156 2,179,195.761 -2 1 -5
Baltimore......
60.633.305
60,550,811 —0-4
392,051,576
433,478.566 - 9 6
Pittsburg.....
57,359,309
51,191,008 + 2-1
38 r.766,797
435,238.263 —12-5
17,641,521
33,111.411 -4 6 '7
Buffalo..........
142,000.545
238.921.962 —40-6
Washington.
6,945,801
7,098.826
47,903,076
65,126,706 —26-4
.Rochester,...
7,036,003 -1 1 -3
6,243,377
42 254,379
48,036,757 - 12-0
4,155,311 —17'8
Syracuse......
3,415,465
24,985,542
80,565,475 —18-2
Wilmington.
3,929,087 -19'tì
21,438,356
3,159.407
29,024,492 —23*5
Binghamton.
1,558,800
1,397,200 + 11*8
10.175,200
8,664,100 +17-4
Total Middle 407,865,658 454,296,021 -10-3 2,771,385,627 3,467,252,082 - 20-1
Chicago......... 323,149.544 350,748,074 —7'9 2.403,666,099 2,925,301.600 —17-8
'Cincinnati.....
373,792,950
56,657,750
46,811,800 + 21-0
411,548,100 —9'2
17,557,613
125.136,750
Milwaukee....
20,568.501 -14-6
240.863.037 -4 8 -0
Detroit...........
160.119,927
23,137,186
24,594,448 - 5 '9
208,012,431 - 2 3 0
Cleveland.....
134,083,955
20.700,000
22,874,165 - 9 5
174,964,468 -23-4
12,793.200
97.215.000
Columbus......
12,972.300 -1-4
101,135,400 —3 9
Peoria...........
9,294.652
6,123.173 +51-8
51,919,485
51,638,618 + 0-6
37.105.902
Indianapolis...
6,130.207
5,161,729 H-18'8
36,655.466
23,081,558
3,334,511
«Brand Rapids.
3.517.051 - 5 '2
29,082,925 —2 0 6
1,702,123
+39'8
10.206.190
Lexington....
1,217.259
12,013,969 —15-0
1,278,366
8,328,750
Saginaw.........
1,573,981 —18-8
11,416,377 —27-0
7.718,912
Bay City.........
1,236,966 - 6 '5
1,156,737
9,498,584 —18 7
845,000
-Akron.............
5,103,2 9
847,562 - 0 3
7,785,260 -34-5
573,862
795,176 —27'8
4,729,935
Springfield__
6,228,996 —24-1
649,790
Carlton...... .
687,997 —6*ö
4,443,078
5,081,274 — 12 6
Tot.M.West. 478,960,541 499,730,182 - 4 '2 3,446,651,700 4,231,226,505 —I t f o
Ban Francisco.
370.197.714
45,570,136
49,895,464 - 8 '7
431,893,142 —14-3
Portland........
5,210,519 —24'7
28.156,570
3,921,543
52,915,670 -4 6 -8
»Salt Lake City
33.244,680
3,800,000
3,50i >,000 + 8'6
39,510.013 - 1 5 9
S ea ttle.......
16,000,0i >
4
1,913,4 24
2,667.598 -2 8 '3
29,343,243 -45-5
—6*0
Tacoma... . . .
1,728,141
16.189,974
1,850,888
24,636,381 -34-4
Los Angeles.
2,955,333
2,436,029 +21-3
26.640.828
27,957.067 —4-7
Helena.........
2,318.462
2,455,004 —5'6
16,800 876
24,314.735 -30-9
•Spokane.......
977,642
1,461,878 -3 3 -1
7,784.960
23,708,275 -6 7 -2
<5,604:,5t>5
516,300
Sioux Falls...
4,727,715 - 2 2 5
584.8.^2 —11'7
Total Pacific 63,700,931
7o,U6»,2 aO —« 'I
518,680,171
659,006,241 —21*3
Kansas City...
267.916,803
302.835,743 —11-9
36,050,818
27,398,338 +31-6
•Minneapolis...
20,752.248
22,515,615 —7'8
153.542,649
200.879,736 —23-6
-Omaha.......... .
22,311,459 —14'4
115,239,029
19,098,216
197,082,204 -2 6 -3
St. P a u l.... . .
14,027,140
17.561,806 —20-1
97.171,438
139,454,094 —30’3
Denver..........
10,247,032
10.229,945 + 0-2
80,269,010
140,300,766 —42-8
Duluth...........
10,040,254
57.983,245
7,056,328 +42'3
61,357,136 —6*5
6.478,612
"St. Joseph....
6,557,270
44,539,931
57.175.619 —2 2 1
2.131,263 1-7-4
2.289,632
19,465,833
30,026,023 -3 5 -2
•Sioux City ...
4,254,820
3,265,143 -|-30*i$
30,083.901
30,523,159 —1-5
Des Moines. .
l,7n4,819
1.831,330 - 6 '9
13,599,792
Lincoln.........
16,023,607 -1 5 -1
1,283,335
1,816,653 —23'9
13,137,632
15,417,006 —14-8
W ichita.......
Topeka..........
2.142,679
Il,l7 3 ,0 á5
1,517,728 +41-2
12,030,591 +17-8
353,887
320,401 + 10 4
2,563,004
2,883,45» — 1 1 1
Fremont........
2 oo.eco
232,500 -13-7
1,942,48*
1,539.529 +26-2
Emporia........
941,027,793 1,207,528,672 —220
Tot. oth’r W, 129,002,850 124,667,121 +3-5
S7.530.65l
82,596.431 + 6-0
644,956,866
St. Louis.......
711,443,517 - 9 - 3
27,408,921
New Orleans..
27,469,963 —0-2
247.416.101
305,267,098 -1 9 -0
27,664,755
21,232,931 +30-3
184,410,173
217,365,488 -15-2
Louisville.......
7.300.557
7,620,861 - 2 9
61,188,171
79,615,452 —2 3 1
Galveston......
6.601.689
53,967,264
1
-Houston........
6,230,665 +5*9
71.642,945 -23 -6
67.021,736
11,003,160
10,683,193 + 3 '0
71,624,590 - 6 4
Richmond ....
4«.6»4,026
5,278,71«
4,644,474 +13-7
45,116,157 + 10-1
Savannah...,.
6.570.537
3,539,502 + 57'4
51,071,744
57,600.737 -1 1 -3
Memphis........
27,083,611
3.700.028
—1'4
47,901,160 —43-6
3,751,136
N ashville......
3,538,833
30,338,458
3,787,754 —6'6
38.333,571 - 2 0 9
Atlanta ........
3,832,417
2,993,470 +28-0
32,553,019
Dallas............
30,991,253 +5*0
3.658,730
27,722,294
4,122,065 - l l 'O
26,888,178 + 3 1
Norfolk.........
2 ,000,000
16,781,145
1.167,059 +71-4
Waco.............
17,117,306 —2-0
2,337,097
1.564,327 +49'4
l»,3i 9,596
Fort Worth...
18,440,736
9,230,242
1,229,793
1,282,149 -4 -0
14,894,507 -38 -0
Birmingham..
1,477,732
+5*0
12,343,418
1,407,033
13,503,078 - 8-6
«Jacksonville..
793,622
5.984.208
1,105,567 - 28'2
12,141,620 - 5 0 7
Chattanooga..
Total South. 200,927.540 185,103,580 + 8 '5 1,541,135,102 1,778,890,393 —13-4
Total aU..... 3.514,9^8,875 4,169,905,264 -15-7 25.782.045.288 35.503.266,559 -27*4
Outside N. Y. 1,671,510,099 1,776,498,393 —5-9 11,990,177,280 14,743,101,261 - 1 8 7
Montreal........
48.000.000
49,301,208 - 2-6
303.223.235
335.889,905 —9-7
27,043,625 —12 0
23,800,000
160,779,079
Toronto........
185.752,697 -13-4
5,510,016 —0-3
5,492,685
H alifax.........
32,960.606
34,911,752 -5 -6
2.6SV.632
3,274.561 -18-1
19,990.832
Hamilton......
23,360,12* - 10-6
85,129.413 - 6 1
79,975,317
516,951.762
Tot. Canada.
578.914,478 -1 0 -7
HT" Far table of clearings by telegraph see Page 1 7 8 ,

387,790,444

Balts of—
(Stocht............. shares.)

For the month of July and the seven months the exhibit is
¿as follow s:
1894.

t

N ew Y o r k ..............

Week E n d ’g J u ly 21.

1893.
P. G m .
*
643,589,578
-28*7

743,773.166
355,982,722

Denver..

D u lu th .
S t. J o s e p h .
S io u x C ity .
D es M o in es.
L in co ln .
W ic h ita .
T opeka.
F re m o n t.
E m p o ria .
T o ta l O th e r W e s te r n . '

G a lv e sto n ..........................
H o u s to n ................... .........
R ic h m o n d ........................

Savannah......................

M em p h is............................
N a s h v ille ..........................■
A t l a n t a .............................
N o rfo lk .............................I
D a lla s.................................

Waoo...............................

t

* N o t in c lu d e d in

t

418,740,453

(—65*5)
(707.788)
1—33-2! (24,603,725
—15-3
—23 2
-17*0
—25 0
—15-4
—14 6

P. Gent.

-2 3 8
(_ 5 + g )
(-8 5 )

75,543,871
6,257.630
2,349,381
1,478,431
1,142.251
1,357.962
1,214,593
665,834
557,210
414,145
89,981,314

—11*5
—13 8
—0 5
—13*0
—15*7

—12*8
4-1*5
+0 7
—47*9
—2*4:
—16*7
—17*5
—20 *á
+ 3 -1

-1 3 0

58.448,626
13,386,055
18.651.190
4.036,470
1,548,208
1.263,42*
801,796
756,474
332,100
715.106
94,284,403
72,214,411
13.251,700
4,089,479
5,376,540
4,609,433
2,853,000
2.236,208
1,362,552
715,000
413,593
286,188
256,989
196,746
164,519
147.802
108,204,218

— 8'I
+ 14-9
—14*9

165,000
151.385
102,253,001

+-3 5
+18-6
+ 10'2
—14-6
—2'6
—7-6
+■39-4
+247
—8 2
+45-9
—8-9
—14-5
—23-3
—33*5
—7-0
+■3 9

11.728,812
920,010
750.000
535.251
332.937
591,119
500,000
194,133
125,088

—9 0
+13-4
—22-1
+38-8
+25 5
+8 9
+17-4
—15-0

11.346.902
856,074
900,000
468,090
480,672
645,423
507.639
219,858
116,504
150,630
15,541,162

+ 6-1
—3 2 6
+125
—18*5
+24-1
-8 -7
—21 5
-0 3
—17 3

8.187,913
4,074,361
-8 6
4.303,681
—16-1
3.556,091
+99-7
2.266.534
+ 52 8
2,479,008
1,347,160
+253
+23-0
554.392
+72-0
1.039.171
—7-7
463,472
—18-6
289,213
+18 2
385,614
—15-2
81.844
+ 12-6 1
*02,900
+23-8
29,029,264

+ 88-8
— 16 1
—1 4 8
—8 7
+596
+ 4 3 '2
—20'2
+ 2 7 '2
+32 9
—9-0
—37'4
+17-3
+ 12-1

200.000

+22 8

+3-9
+4 3
—21 5
—15 5

— 10 1
—4 0

15,675,350

—4 2

4,758,507
4,669.325
4,572,846
3,438,925
1.169 945
1,58 *,553
1 , 100.000
381,618
540,807
382,299
337,617
328,010
79,600

+71-3
+ 8-2

+22 4

—2 6

—2 7
—0*3
—
€5*4:
—6-3
—112

-U »

—2 2

—16 8
-o s
+76-1
—9'9
—9*2
+ 02*1
—7*1
— 12*6
—4 '6
—16‘8
—6-0

+0-7

+ 13-1

,

+57-4
— 81'4
+25 0
—2 2 6
—H '3
-1 6 5
+19 6

19,436,589
6.509,753
6.425,199
1,7)8,475
1.635,107
2.303.073
1,234,476
1.554,398
687.616
788,157
885,920
875,227
600,000
450,000
264,371
172,579
329.760
46,770,699

+ 3 4 '3
- 5 '9
+26 9
— 2*3
+-6*7
+130*6
-1 3 -3
—10'4
- 10*0
+ 2 4 '2
+75*4
+40*6
+1*9
—31*4
+ 8'2
+90

909,777,146

— 18 2

801,551,503

— 16*t

366,187,568

-2 8

382,811,050

15,028,446
4,845,772
1,125,476
51.5,509

St. L ouis.....................
N ew O rle a n s ................... .
Louisville.......................

M o n tr e a l...........
T o r o n t o ..............
H a l i f a x ..............
H a m ilto n .........
W in n ip e g .* ....« .
T o t a lC a n a d a .

1894.

19,575,290
5.050.712
1,060,9*3
614,181

—23 3
—4 1
+61
—1 6 1

12,262,665
6,501,064:
1.228,435
606,921

+ 6*6
-5 -0
+-6*9
— 22*0

21,515,203

26,301,126

-1 8 -2

19,589,085

+ 1 -9

-6 0
+86 2

—11-7
+178
- 5 '7
+ 9 '3
+ 106 2
+ 18 2

-¡+ 3 ,

—12 6

+5*8

-2 8

-6 5

THE CHRONICLE.

168

[Vol. LiX.

I of, banks carrying large deposits are induced to prepare
j for the withdrawal of money by such of their custom­
It seems as if the commercial and financial affairs of ers as have heavy amounts of goods in bond, and this
the country were never again to be allowed to return to naturally makes them very conservative lenders. In­
an undisturbed state. The public gets within sight of deed there are already increased withdrawals of bonded
recovery (as it has several times since the silver repeal goods and the Customs duties are becoming materially
bill passed the House), business begins to revive, and larger. This too accords with the statements of better
all that is needed is spfcedy action in Congress along business doing in trade circles, which find further
the same lines; but the needed action is delayed until confirmation in the reports from the principal trade
the opportunity is gone. It is gone because while leg­ centres, Southern' as well as Western, as already
islation halts some other disturbing condition has de­ ! noted.
They all speak of a growing demand
veloped which could have been avoided had it not been for money, and the inquiry no doubt will be greatly
for the delay. We are just on the ragged edge of one stimulated by the ending of the suspense reo f those predicaments now. The whole country is *garding [the tariff. Trust companies and institu­
waiting for the conference committee to put an end tions other than banks are showing a desire to place
to the tariff agitation, which is holding our industries their funds on time, but very naturally all are anxious
in a state of suspended action. In many trades signs to take advantage of the lighter offerings of money
of new life are already apparent, but most departments and get the best rates obtainable. The demand for
of business are held back by the uncertainty attaching money on time is also increasing from commission
to Customs duties. While such are the conditions, the houses, though just now they are not in pressing need
two Houses of Congress, if we may judge from the of funds, owing to the light speculation in stocks and
reports of the daily press, instead of making a also to the fact that the borrowing demand from the
settlement at once, are engaged in a game of i “ bears” is urgent enough to enable these houses to
bluff, talking about staying in session all summer have their lines of stocks carried at least free of cost ;
or taking a recess and leaving tariff legislation *still there is a disposition to take advantage of the
to be closed up next winter. In the meantime Govern­ comparatively low rates offering on time and to make
ment revenues, which the proposed new law promises engagements.
to immediately and largely increase, are deprived of
Money on call, representing bankers’ balances, con­
that stimulus, the return of confidence is stayed, gold tinues to loan at 1 per cent at the Stock Exchange.
exports have revived in large volume, and our finances Renewals are at 1 per cent and banks and trust com­
are fast getting into a condition from which, if per­ panies quote 1 per cent as the minimum, while,'as is
mitted to proceed much farther, even tariff legislation usually the case, some obtain
per cent for loans
of itself cannot extricate us. Moreover, we show which stand undisturbed and are not strictly speaking
below what improved conditions are at the moment on short call. Rates for time loans are quoted at 1 per
within our reach. Can it be that there is any cent for thirty days,
to 2 per cent for sixty days, 2-£
danger of a failure to secure this promised business per cent for ninety days to four months, 3 per cent for
revival or any likelihood that the country will be five months and 3 to 3^ per cent for six to eight
plunged into, and called upon to suffer the evils of months. Commercial paper is in better supply, and a
another prolonged tariff discussion ?
fair assortment of very good names is now offering.
The indications of an improvement in business al­ The demand, is chiefly from out of town, though some
luded to in the foregoing are noticeable in a great of the city houses are in the market selecting the best
many different ways. The railroads report in most of the names offering. Rates are 3 per cent for sixty
cases a larger traffic movement than for a long time to ninety day endorsed bills receivable, 3£ to 3 f per
past, and returns of earnings for the closing weeks of cent for four months’ commission house names, 3£ to 4
July fully bear out these statements. We refer to some per cent for prime and 4f- to 5J per cent for good
of these returns later on in this article. At the same time four to six months’ single names.
advices received from the West and South, and also
One feature of the bank statement during the past
the observations by persons who have just returned few weeks has attracted attention. Wùeu the returns
from extensive trips through those sections, agree in of the Union National and the Liberty National
saying that business has latterly begun to increase and were first made directly to the Clearing-House the item
that with the tariff question out of the way there of national bank circulation was largely added to, the
would be a pretty general revival of industrial increase for the week ending July 7 being $616,700,
activity. As concerns the iron and steel trades, which was just about the amount reported by the
we give some statistics to-day in another ar­ Union National Bank.
Since then the decrease
ticle which reveal results that are well worth pon­ in this item has been gradual and last week’s
dering. But we wish to direct particular attention to bank return reported it at $9,871,000, a reduc­
our statements of bank clearings for the month of July, tion since July 7 of $463,700. Meanwhile, though,
reviewed further below in this article. Those state­ a few of the banks have taken out circulation against
ments reveal in a very striking way the tendency to ­ bonds which they bought for investment, probably
wards improvement which exists, and the progress al­ intending to employ the new notes when the money
ready made in that direction.
market should become active enough to justify such
Evidence of the revival of business is also clearly seen employment, and thereby reduce the cost *of their
in the money market. What we refer to is the much bonds by the amount which these notes could earn.
better feeling in the market for time money and for The tax of 1 per cent on circulation does not
commercial paper. More business has been done by apply to notes which a bank holds and has not
brokers within the past few days than in many weeks issued, and therefore the operatioa of taking out the
before. This is in face of the fact which we reported notes does not involve any expense. The bank return
last week that many of the banks are out of the mar­ of last week showed a decrease of $1,009,000 in loans.
ket. As the tariff bill is expected soon to be disposed The cash was reduced, by $3,480,300, of which

THE FINANCIAL SITUATION.




AtjgCST 4, 1894.]

THE CHRONICLE.

169

$3,078,400 was legal tenders, representing the exchange Ickelheimer & Co. for shipment on Saturday, and
of notes for gold exported during the week ; the depos­ Hoskier, Wood & Co. will also send $500,000 to-day,
its were reduced $5,081,700, reflecting the loss of cash making the shipments for the week $3,100,000. T ae
and of loans, and the surplus reserve fell off $2,209,875, opinion is again expressed that exchange has reached
leaving that item at $71,903,725, against a deficiency the turning point, and that while some more gold may
of $4,301,675 a year ago.
go forward the amount should be small. Cotton futures
The outbreak of the war between Japan and China are being offered upon a little more liberal terms.
has been so recent that it is scarcely reasonable to look Tne hardening of jthe rates for money on tim i is con­
for any impression upon the European markets, and sidered an important factor in the situation. Tne follow­
moreover none of the great powers are as yet involved ing table shows the daily changes in the rates of ex­
in any way. But it is presumed that the war may soon change by leading drawers.
lead to liberal borrowings in Europe by Japan and
Erl..
M on.,
T u e s..
W ed.,
T h u rs.,,
F ri.,
J u ly 27. J u ly 30. J u ly 31. A u g . i1. A u g . 2,, A u g . 3 .
China, which will tend to relieve the congestion of the
88
88
88
83
88
.
..« S iK h i...... 8 9 «
89«
89«
89«
89«
89«
European money markets, and thus indirectly in­ B aring,
$ 60 d a y s .. 88
88 «
88«
88 «
38«
88«
M ag o u n & Co. { S ig h t...... 89
89«
89«
89«
89«
89«
fluence the financial situation here. The cable B ank B ritish $00 d a y s .. 88
88
88
88
88
88
No. A m erica.. 1 S ig h t....... 89
89
89
89
89
89
reports discounts of sixty to ninety day bank B an k o f
$ 60 d a y s .. 88
88
8S
88
88
88
M n trea
S ig
89
89
89
89
89
bills in London 9-16@f of 1 per cent. The open mar­ C an o d ian l........k1 $ 60 hdt........ 89
a
B an
a y s .. 88
88
83
88
88
88
S
89
89«
89«
89«
89«
ket rate at Paris at I f per c e n t; at Berlin it is I f per Ho f C o m m erce.- ($60igdhat........ 8 9 « 88 «
eid elb ach .Ick
ys
88
88
88
88
88
e lh e im e r & Go j S ig h t...... 89
89
89
89
89
89
cent and at Frankfort I f per cent. According to our
88
88
88
88
88
t S ig h t..... 89
89
89
89
89
special cable from London the Bank of England lost
89
M e rc h a n ts ’ B k. $60 d a y s .. 88
88
38
88
88
£362,298 bullion during the week, and held at the close o f C a n a d a .... ( S ig h t....... 8 9 « 8 9 «
89«
89«
89«
89«
of the week £38,301,757. Our correspondent further ad­
The market closed barely steady on Friday at 4 88
vises us that the loss was due to shipments of £567,000 to 4 88$ for 60-day and 4 89 to 4 89$for sight. Rates
to the interior of Great Britain, to exports of £135,000 for actual business were 4 87$ to 4 87f for long, 4 88$
(of which £100,000 were to Chili and £35,000 to the to 4 88§ for short, 4 88f to 4 89 for cable transfers,
Cape of Good Hope) and to imports of £340,000, of 4 87' to 4 87$ for prime and 4 86$ to 4 86f for docu­
which £203,000 were bought in the open market, £130,- mentary commercial sterling.
000 were from Australia and £7,000 from France.
Despite the great railroad strike and the other un­
The market for foreign exchange was firm early in favorable factors which operated to repress business
the week and influenced by the same conditions which activity during July, our statement of bank clearings
have prevailed for the past fortnight, there being a for that month makes a less unfavorable comparison
good demand for remittance and the market being with last year than any monthly statement we have had
quite bare of all kinds of bills. Tne indications then for a long time. Taking the aggregate for all the
pointed to large exports of gold and no surprise was clearing houses the falling off from last year is only
expressed at the engagement on Monday of $500,- 15'7 per cent, while outside of New York the loss is
000 of the metal by Baring, Magoun & Co. for but 5 -9 per cent. Tne comp Arisons have been growing
shipment on Tuesday. Exchange at Paris on London better for several' months. Tnus in June the decrease,
was 25 francs, 16f centimes. Tne amouncem mt that with Hew York included, was 21*1 per cent; in
the Monkseaton had arrived from Alexandia, Egypt, May 26-5 per cent; in MArch 30*8 per cent, and
with S cargo of sugar, said to be the first importa­ in February 36*9 per cent. By quarters the de­
j,
tion of that product from any Egyptian port, crease was 33 T per cent for the March q larter and
served simply again to call attention to the fact 24’4 per cent for the June quarter, while for July the
which has from time to time been noted that much of decrease, as stated, is only 15’7 p erceit. Outside of
the demand for exchange comes from remittances in Hew York the decrease of 5*9 per cent for July con­
settlement of purchases of sugar by the American Re­ trasts with 17‘9 per cent for the June quarter and 22*9
fining Company.
On Tuesday the market for sterling per cent for the M irch quarter.
Of coarse we
was quite strong at an advance of about one quarter of are comparing with diminished totals for last
a cent for. actual business, and there was a good de­ year, there having been a decrease in July 1893
mand not only from sugar but from dry goods im ­ of 10 per cent, with Hew York included, and
porters for remittance, while the supply of bills did not a decrease of 15 per cent outside of Hew York; but even
increase and indeed was quite meagre, and cotton with that qualification the showing is a very good one
futures continued to be held at high figures. Ic was under the circumstances; and moreover in the month
announced on Wednesday that Hfidelbach, Ickel- preceding (June we mean), when the falling off was so
heimer & Co. would ship $600,000 and that L. yon much larger than it no w is for J uly, the decrease also
Hoffman & Co. would send $250,000 by the steamer came after quite a heavy decrease last year. Obviously,
sailing on the following day. Huskier, Wood & Co. therefore, the volume of business in progress has been
engaged $465,000 for the same steamer, but later with­ much larger than had been generally supposed.
held it. Daring Wednesday the tone for sterling grew
M JN T H L Y CLEA R IN G S.
easier, and the explanation was that bankers who in­
Clearings, Total A ll.
Clearings Outside N e w Y o rk .
M onth.
tended to ship on Saturday were then offering bills
1894.
1893.
P .C t.
1894.
1893.
P .O t.
against such shipments. A 1 the same time it was
}
3
$
$
$
noticed that sterling at Paris and Berlin was advancing, J a n u a r y
4,068,181,471 5,968,187,238 —32-9 1,902,617,415 2,406,745,826 —22*0
b
ry
3,218,544,305
thus tending to make Continential exchange easier. The F ea rrcuha.......... 3,700,551,853 5,098,277,150 -3 6 -9 1,494,504,515 2,031,382,351 —26-5
M
5,434,638,046 -3 0 -8 1,711,740,302 2,183,942,064 - 2 1 -Ö
market continued during the day without any indica­ 1 s t q u a r.. 11,047,277,629 16,501,103,034 -33-1 5,108,862,232
0,622,070,241 —22-9
tions as to gold exports on Saturday, but on Thursday A p ril............ 3,723,029,081 4,907,848,991 -25-1 1,704,710,893 2,161,499,157 —21-1
M
it was reported easy for sterling and Continental, the J u ay............. 3,894,862,381 5,297,638,327 —26*5 1,801,720,972 2,242,158,986 —19-7
n e ............ 8,001,947,318 4,506,770,943 - 21-1 1,703,367,084 1,940,874,484 - 12 '»
latter being influenced by an advance ia the rate at 2d q u a r ... 11,219,838,783 14,832,258,201 -24-4 5,209,804,949
6,344,532,627 —17*9
Paris on London to 25 francs, 18 centimes. An en­ 6 m o n th s. 22,267,116,412 31,333,361,295 -28 -9 10,318,667,181 12,966,602,868 -20*4
gagement of $1,250,000 gold was m ade by Heidelbach, J u l y ............ 3,514,928,875 4,169,905,264 -1 5 -7 1,671,510,099 1,776,498,393 - 5 - 9



170

THE CHEONICLE.

What gives added emphasis to the relatively better
exhibit for July is that business on the New York
Stock Exchange was exceedingly small. We have fre­
quently pointed out in these columns that a consider­
able proportion of the share sales on the New York
Stock Exchange are now cleared by an independent
arrangement, so that speculation in stocks no longer
plays the same part in affecting bank clearings
as in years past, and yet, as will be ob­
vious on a moment's reflection, the extent of Stock E x­
change business must necessarily exert some effect
on these bank clearings. Hence such a decided con­
traction in share transactions as occurred in July is
important. Erom the following statement it will be
observed that only 2,803,736 shares altogether were
dealt in in July 1894, against 5,895,187 shares in
July’ 1893, the estimated market value of the shares
sold being only 190 million dollars against 322 million
dollars last year. In all the months preceding the
totals had also been small, but this is the first month of
1894 which shows sales of less than three million
shares.
SALES OP STOCK AT TH E NEW YOKK STOCK EXCHANGE.
1891.
M onth.

J a n ....
F e b ....
M arch .

N u m b er
o f Shares.
4,519,163
3,173,527
4,765,383

P ar.
$
115,082,520
310,597,250
161,925,000

l s t q r 12,148,373 1,220,604,770
A p ril...
M ay ....
J u n e ...

1,021,651
1,808,808
3,395,727

1893.

Values.

396,238,500
165,310,050
336,156,100

2 d qr. 12429.186 1,197,704,950

A c tu a l.

N um ber
o f Shares.

t
257,323,270 10,583,961
186,671,536 10,712,925
281,106,718 7,390,691

Values.
P ar.
$
961,551,825
886,537,950
667,797,100

A c tu a l.
$
705,648,12 ■
*
566,749,945
153,132,872

725,101,551 28,717,580 2,518,886,875 1,725,830,945
219,513,822 6,271,083
321,363,706 8,972,135
239,151,131 1,823,997

591,037,380
856,118,250
151,188,600

380,697,813
166,085,607
253,852,274

783,358,959 20,067,515 1,901,371,230 1.100,635,691

6 m o s .. 21,677,559:2,118,309,720 1,508,160,518 48,785,095 1,420,261,105 2,826,466,639

J u ly ....

2,803,736[ 277,262,850

190,975,817 5,895,187

571,371,700

322,593,471

[Vol. L1X,

BANK CLEARINGS AT LEADING CITIES.

(000,000s
omitted.)
New Y o rk ...
C h icago......
Boston..........
Philadelphia
St. L o u is. . . .
San Fran’co.
B altim ore...
P ittsb u rg . . .
Cincinnati...
New Orleans
K ansas City.
M ilwaukee..
L ou isville...
Buttalo.........
D etroit.........
Minneapolis.
Omaha.........
Providence..
C leveland...
Denver.........
St. P au l.......

•
----------------Ju ly----------------.
1891. 1893. 1892. 1891.
$
$
$
$
1,813 2,393 2,578 2,478
323
351
423
363
332
374
424
401
250
281
300
273
83
88
100
96
46
50
67
75
61
61
63
63
57
56
66
61
57
47
60
56
27
27
29
23
36
27
39
35
18
21
27
25
21
28
31
31
33
18
34
37
23
25
30
27
2L
23
34
25
19
22
27
16
20
25
24
22
21
23
25
24
10
10
22
20
14
18
23
24

,---- Jan u ary 1
1894. 1893.
$
$
13,792 20,760
2,404 2,925
2,378 2,903
1,710 2,179
645
711
370
432
392
433
381
435
374
412
247
305
268
303
125
241
184
217
142
239
160
208
154
201
145
197
131
188
134
175
80
140
97
139

to J u ly 3 1 .1892. 1891
$
$
21,488 18,534:
2,945 2,4492,867 2,711
2,218 1,895692
633
450
498
453
410
442
396
429
385280
303
273
251
195
164
220
219
233
217
195
173
229
171
121
166
161
157"
165
146
132
150
149
127

T o ta l......... 3,312 3,971 4,426 4,183 24,313 33,743 34,300 30,092:
Other cities..
203
199
230
209 1,469 1,760 1,680 1,473
Total aU ... 3,515 4,170 4,656 4,392 25,782 35,503 35,990 31,565.
Outside N.Y. 1,672 1,777 2,078 1,914 11,990 14,743 14,492 13,031

Railroad earnings also afford evidence of an improv­
ing tendency. The reader may be disposed to ques­
tion this statement when he sees the report of the Hock
Island for July, showing a decrease as compared with
last year of $523,678, or fully 33 per cent, and the
report of the Northern Pacific, showing for the same
month^ $986,023 decrease, or 60 per cent ; but thisembraces the period of the strike in the early part o f
the month, and it is to the later weeks we must look
for signs of improvement. We referred in our last
issue to the greatly reduced percentage of decrease in
earnings reflected in our preliminary statement for the
third week of J u ly ; the completed statement for
that week does not change the early result much, and
the decrease is only 12*41 per cent, against 26*31 per
cent for the 2nd week of July, 32*26 per cent for the
1st w eek 19*41 per cent for the 4th week of June,.
19*98 per cent for the 3d week of June, 20*94 per cent
for the 2d week, &c. Eor the last week of July only
very few returns have yet been received, but those that
have come in afford every indication that the better sit­
uation continues. The St. Paul for that week has only
$86,024 decrease, or 11 per cent, though for
the month the decrease is $814,129, or over
30 per cent. The Toledo & Ohio Central,
a bituminous coal road, reports for the 4th week o f
July in 1894 gross of $66,000, against $44,369 in the
same week of last year, thus showing an increase o f
almost 50 per cent. In the week of 1892 the earnings
were $55,353, so that there is 20 per cent increase even
over two years ago. It is claimed that the long strike
of the bituminous coal miners has completely exhausted
stocks of coal all over the West, and that to replenish
these stocks the carrying interest will have a heavy
traffic in coal for many months to come.
The following gives the week's movements of money
to and from the interior by the New York banks.

Most encouraging of all, however, is the decided
evidence of improvement shown at very many
points in the West, the South and the South­
west. When we find a gain in clearings over last
year of 21*0 per cent at Cincinnati, 51*8 per cent
at Peoria, 18*8 per cent at Indianapolis, 21*3 per
cent at Los Angeles, 31*6 per cent at Kansas
City, 42*3 per cent at Duluth, 30*3 per cent at Des
Moines, 41*2 per cent at Topeka, 30*3 per cent at
Louisville, 13-7 per cent at Savannah, 6*0 per cent at St.
Louis, 57*4 per cent at Memphis, 28*0 per cent at Dal­
las, 49*4 per cent at Port Worth, besides larger or smaller
gains at other points, and this in a month d u r in g the
first half of which railroad operations over important
parts of the country were almost completely paralyzed—
when we find such results it becomes evident that there
is a very general tendency towards improvement, even
though some points and sections have not yet joined
in the movement and continue to fall behind. The
Southern group of places as a whole actually records
8-J per cent ¿«crease over last year, and only 7 points
show losses, while ten have gains. The Ear Western
group also records a gain to the amount of 3*5 per
cent. In the other sections we have decreases. Eor
the Pacific section the decrease is 9*1 per cent, for the
Received by Shipped by
N et In te rio r
W eek E n d in g A u g u st 3, 1894.
N . Y . B a n k s. N . Y . B a n ks.
M ovem ent.
Middle Western 4*2 per cent, for the New England 7*0
C u r r e n c y _______ _____ ____________ $5,89 1 ,0 0 0 $ 3 ,7 1 5 ,0 0 0
percent, for the Middle (excepting New York) 103 per » o l d .............................................................
4 5 0,000
cent and for New York City by itself as much as 22*9 per
T o ta l g o ld a n d le g a l t e n d e r s . . . . $ 6 ,3 4 1 ,0 0 0 $ 4 ,1 1 5 ,0 0 0 G a in .$ 2 ,226,000cent. Thus here in the E ist, where financial transac­
Result with Sub-Treasury operations and gold exports*
tions enter so largely into the aggregates, the showing
I n to
O ut o f
N et Change i n
is still unsatisfactory; but in the remoter sections the
W eek E n d in g A u g u s t 8, 1894.
B anks.
B a n k s.
B a n k M oldings.
upbuilding has evidently already begun, and pretty
B a n k s ’in t e r io r m o v e m e n t, a s a b o v e $6,34 1 ,0 0 0 $ 4 ,1 1 5 ,0 0 0 G ain .$ 2 ,2 2 6 ,0 0 »
soon we may expect the whole country will feel the S u b - T r e a s . o p e r a n d g o ld e x p o r ts . 16,0 0 0 ,0 0 0 23,10 0 ,0 0 0 L o is . 7 ,1 0 0 ,0 0 0
quickening impulse of new life.
1 T o ta l g o ld a n d l e g a l t e n d e r s . . . . . $22,3 4 1 ,0 0 0 $ 2 7 ,1 1 5 ,0 0 0 L o ss.$ 4 .S 7 4 ,0 0 0



A u g u s t 4, 1894.]

THE CHRONICLE!

171

The following table indicates the amount of bullion be said this increase is due to an exceptional circum­
in the principal European banks.
stance—the large revenue from whiskey. That is no
doubt true. But it should be remembered that the
A u g u s t 2, 1894.
A u g u st 3, 1893.
S a n k of
increase in that item is a circumstance the occurrence
Gold.
Silver.
Total.
Gold.
Silver.
T o ta l.
of which was anticipated by every one who chose to con­
£
~£
£
£
£
£
S n g la n d .......... 38,301,757
38,301,757 27,523,107
27,523,107 sider the Government announcements.
The Treasury
F r a n c e ............ 74,503,911 51,819,330 120,383,247 08,800,000 51.081.000 119,884,000
G e rm a n y * .... 34,747,350 11,582,450 40,329,800 30,380,750 10,122,250 40.489.000 Department has for some time been notifying th e
A u s t.-H u n g ’y 12,585,000 10,037,000 28,022,000 10,800,000 18.390.000 28.990.000
of the large stocks of spirits held in
S p a in ...............
7.928.000 9.270.000 17.204.000 7.910.000 8.508.000 14.424.000 public
N e th e rla n d s ..
4.525.000 0,920,000 11.451.000 2.817.000 7.022.000 9.839.000 bond
and of the character of the resource
N at.B elg iu m *
2.898.000 1.449.000 4,347,000 2,535,333 1,287,887 3.803.000
those holdings provided, which would be available
T o t. th i s w eek 175,549,018 97,089,780 272,038,804 150,558,250 92.393.917 242,952,187
T o t. p re y , w ’k 173,570,829 90,984,890 270,555,725 153,003,854 92.551.917 245,555,571 whenever tariff legislation approached completion.
A
* The division (between gold and silver) given in our table of coin further addition to the revenue from the same source
and bullion in the Bank of Germany and the Bank of Belgium is m ade
from the best estim ate we are able to ob tain ; in neither case is it may be looked for in August. That fact, coupled with
claim ed to be accurate, as those banks m ake no distinction in their the fact that with tariff legislation completed a decided
w eekly returns, m erely reporting the total gold and silver, but we
addition to revenue from Customs will be almost imme­
b elieve the division w e m ake is a close approxim ation.
N oth.—We receive the foregoing results w eekly by cable, and while diately available, puts the Treasury in a position of
n ot all of the date given at the head of the column, they are th e r e ­
greater safety than it has occupied for years.
turns issued nearest to th at date that_is, the latest reported figures.
The matter of a large revenue has for a long time
been in our opinion the foremost one for Congressional
TREASU RY CONDITION AND OUTLOOK consideration. Tariff reform without securing income
REASSURING.
enough from Customs and internal revenue to afford a
The continuation and exceptional character of the considerable surplus would not answer present require­
gold exports serve to keep up the general anxiety with ments. This was a reason why some of the provisions
reference to the Government gold reserve, as if in the of the Senate bill have been favored in preference to
popular belief it were still the important and control­ the House bill by many who desire a gradual but con­
ling feature in the Treasury financial statements. That servative reduction of Customs duties. Eor instance
anxiety has long been fully justified, but it is not now revenue from sugar appears to be a most desirable
in nearly the same degree, though it is reasonable that feature of any system of taxation, and especially one
the nervousness created by the action of the silver bill devised to meet present circumstances. That a measure
and fixed in men's minds by the panic it caused, is likely now to be agreed upon by the conference
should so far linger as to be easily stimulated again.
committee which includes that and which in
Of late Treasury conditions have materially changed, other respects promises to increase the Government
while the promise is they will further and permanently income over the amount the House bill provided makes
improve when tariff legislation is completed; hence the outlook brighter than it otherwise would be, because
there is good reason for the statement that the it ensures the Treasury against any possible weakness
amount of the reserve is by no means so in future months. It will be remembered that Secre­
vital a consideration as it was. The item is tary Carlisle in his report to Congress estimated the
no longer the test or measure of the Treasurv expenditures for the fiscal year 1894-95 at $448,306,790.
strength. With the silver bill in active operation, The belief now is that the pension payments will be
with the panic threatening, and subsequently with the less than the estimate, which his figures included, but
revenue very short (so short that the Government was some other appropriations may not unlikely be larger.
in imminent danger of losing all its net balance), the The total Government revenue expected under the House
gold holdings were a sort of last dependence; but with tariff has been estimated at $442,000,000; under the bill
those perils removed, and especially with the revenues as it passed the Senate $496,500,000. If we assume that
not only large enough to meet the ordinary out­ a conference bill will be reported which will yield a result
goes but large enough to exceed them, the extent somewhere between the two estimates, the total pros­
of the gold item becomes for the time being a pective revenue would be about $475,000,000. These
minor matter. To-day the Government currency results, if attained, will make the outcome of this leg­
balance is sufficient to protect all the special funds islation, in its bearing upon the future Treasury situa­
in the Treasury and to enable it to perform all tion, very gratifying.
its functions. The Treasurer's position with reference
But most likely it will be asked is there no need for a
to his liabilities has become not so very unlike a rail­ gold reserve now and will there not be when tariff legis­
road manager's or a merchant's when business is profit­ lation is perfected. Certainly there is and will be, and
able. Profit means a surplus, and with a surplus the we hope soon to see the Government holdings back to 125
ordinary anxieties of a company or a government are million dollars, and to have that amount or a higher
unquestionably greatly lessened if not wholly re­ amount held permanently—that is so long as the Treas­
moved.
ury is called upon to bear the burden of keeping our
The monthly Treasury reports for the first of August silver and gold currency convertible. A reserve though
afford the evidence of the marked change we have is for an emergency, and precisely such an emergency as
referred to. Even for the previous two months, in our we have just passed through. It is held in good and
review of similar figures we have noted the brighter bad times so as to be ready for bad times. Larger re­
outlook. In May the point of greatest strain to the ceipts by the Treasury than it is required to dis­
Treasury was passed ; in June the results, as shown by burse, with the prospect of a larger revenue
the cash holdings and the net balance, turned out sur­ still, puts the Government beyond distress—puts it in ­
prisingly favorable; now in July the receipts (includ­ deed in position to command any kind of money, and
ing the national bank redemption fund) have reached where its dependence upon such a reserve is at a mini­
the very large total of $35,697,000, being 8 million mum. Moreover, gold exports cannot continue much
dollars in excess of June 1894, and the largest of any longer at this season; besides that, we are producing
month's total since January 1893. Probably it will gold in larger amount than for many years, and shall



172

THE CHRONICLE.

rvoL.

l ix .

probably import gold during the next few months. change. Below we give our usual table of the Government
"W publish in a subsequent column among other re­ cash holdings on the first of August and the three pre­
e
turns the New York City national bank figures for vious dates—all we have room for in our column. Any
July 18, 1894, under the Comptroller's latest call. one interested will find the exhibits for the earlier
Taking the Treasury’s net gold at the same date and months in our previous reviews of the Treasury figures.
M a y 1, ’94. J u n e 1, ’94.. J u ly 1, ’94. A u g . X, ’94.
similar figures on July 12, 1892, we find that the loss
H oldings in Sub-T reasuries—
$
$
f
to the banks and Treasury in the two years was 44 mil­ N et gold c o in a n d b u llio n .............. 100,202,009. 78,893,208 64,873,025 54,975,607
N e t s ilv e r co in a n d b u llio n .......... 10,787,293
11,972,281 15,730,380 18,971,558
lion dollars.
Turning to the foreign trade fig­ N e t U . S. T re a su ry n o te s ............. 11,786,958 12,605,052 17,722,408 22,528,599
ures, it will be seen that the net export N e t le g al te n d e r n o te s .................. 4,967,828 16,840,927 18,973,645 20,421,791
N e t n a tio n a l b a n k n o te s ................ 8,750,439
7,520,998
6,593,893
4,895,465
of gold in those two fiscal years from July N et f r a c tio n a l s ilv e r...................... 17,502,120 17,682,973 17,889,531 17,970,261
T o ta l ca sh in S u b -T re a s ’s,n et.l5 3 ,998,147 145,215,499 141,787,882 139,763,281
1, 1892, to July 1, 1894, was 92 million dollars. la
other words, according to the amount in sight in the A m o u n t in n a tio n a l b a n k s ........... 15,201,386 15,481,095 16,121,589 15,913,725
C ash in B a n k s & Sub-Treas.169,197,533 160,699,594 157,909,471 155,677,006
Treasury and in the New York City national banks, D ed u ct o th e r lia b ilitie s * n e t... 44,099,747 42,845,258 40,325,035 36,611,654
A c tu a l ca sh b a la n c e ............125,097,786 117,854,336 117,584,436 119,065,352
more than half the net export in the two years had
at the end of the period been made good from say cur­ * C hiefly “ d is b u rs in g officers’ b a la n c e s .”
rent production. With such results in those two years,
A REAL EASTERN WAR.
(although they have been the most disastrous in many
We have all become familiar with the expression,
particulars the country has ever experienced), with the
silver bill repealed, with the G-overnment revenue re­ “ War in the East.” When Europe has become unusu­
stored to a healthy condition, with the prospects for ally quiet, or the peace has remained long undisturbed
business bright, and a good 5 per cent money market by any hostile rumor, warlike movements have not in­
anticipated before the fall months are ended, what folly frequently been announced as threatened in the East.
it is to be greatly exercised over the little gold we may Generally speaking these have been alarms due more to
European complications or European intrigue on Asiatic
lose in the next week or two.
But let us examine briefly the latest revenue figures. soil or the soil bordering upon Asia than to any actual
They will be found to-day in our Commercial and Mis difficulties among the Asiatics themselves. On the
eellaneous News department for each month since Jan­ present occasion we are promised a real Eastern war, a
uary 1 of the last two years. In the first place it will war purely Asiatic in the causes which have been lead­
be noted that the receipts for July are, as stated, ing up to it, and in which for a time at least Asiatics
$35,697,000, against $31,026,000 for July 1893. What will be the principal if not the only belligerents.
The principal feature of the situation, so far, is th e
are called the disbursements are given in the same
—
place.
The total of these for J uly (including activity—the dash and daring: manifested by the
$7,014,000 interest) is there stated at $37,590,000. Japanese. Their energy and activity have been some­
As the interest payments now average but about what phenomenal. We have been accustomed to asso­
$2,500,000 per month, only that amount should be ciate deliberation and caution, especially in war mat­
charged in determining the ordinary payments ters, with the people of the Ear East. But Japan has
last month. Adopting that course in this case revealed a preparedness for battle, and has flung her
would leave the ordinary disbursements in July weight upon the enemy with such rapidity and with
$33,076,000, against receipts of $35,697,000, or a sur­ such skill that we are reminded of some of the more
plus of $2,621,000 on the month’s operations- In ex­ important military movements of the past. The Japan­
planation of this method and of the result reached, we ese Government has been ready and resolute; and the
repeat what we have often said before, that the table of men in actual command have been found equal to the
disbursements does not correspond month by month requirements of the situation.
At the present moment, now that war has been for­
with the actual disbursements; it represents in part
actual disbursements and in part amounts put to the mally declared, Japan has a decided advantage. It
credit of disbursing officers, some of which may not be does not appear from our latest news that her success
in her initial movements has been quite so marked as
paid out until another month, or later still.
Because of these peculiarities in the table of disburse­ we were led to believe. Our first reports were all from
ments our method for testing the actual situation Japanese sources, and it was natural enough that they
month by month has been, as our readers know, to use should take a little coloring from Japanese hands. The
the statement of cash on hand. Tuose figures are Chinese reports show that the Japanese blew was not
given in our usual form at the end of this article and after all so deadly. Qualify the Japanese reports, how­
show, after the $7,014,000 interest payment, a ever, as you may, the blow has been damaging in the ex­
total on hand in banks and sub-treasuries July 1, treme. The Chinese, by the sinking of the Kow-Sing,
1894, of $157,909,471, against $155,677,006 .on have lost not only a large body of men, but a transport
August 1, or a loss of $2,232,465. If we which would have been invaluable to them in the fur­
allow for the interest paid in July, which is in­ ther prosecution of the war. The Chen Yuen and her
cluded, and deduct the average monthly amount ac­ smaller companion war ships have not, it would seem,
cruing for interest, it will be found that the cash on as the first reports indicated, been completely destroyed;
hand in banks and sub-treasuries would have increased but they have been rendered for the present, if not
$2,281,535, which quite nearly corresponds with the permanently, useless. China, in fact, is already de­
gain in the net balance, reported on July 1 at $117,- feated at sea. If the war should last long, having
abundance of resources she may be able to replace the
584,436 and on August 1 at $119,065,352.
But Chinese seamen, we fear,
We have been thus particular in analyzing these lost or damaged ships.
figures because they so clearly indicate, when correctly will not soon recover from the blow inflicted upon them
interpreted, the radical change which has taken place in Prince Jerome Gulf.
The causes of the war have never yet been brought out
in the Treasury condition. If the reader will study
the figures for the previous months of the year he will with sufficient prominence, The general feeling has
be impressed with the character and importance of the all along been that Japan was in the right. But there



A u g u st 4, 1894.1

THE CHRONICLE.

173

are many who take the side of China. Japan, accord­ with a cause of quarrel. But Japan has already apolo­
ing to one authority, well acquainted with the char­ gized for firing upon a ship carrying the British colors;
acter and sentiments of both peoples, while pretending and the presumption is that this difficulty will be got
to play the philanthropic, is really posing before the over. The Russian newspapers have had much to say;
nations for purely selfish purposes. She was anxious, but as yet the Russian G-overnment has been silent.
If left alone to fight it out, the result is not by any
it is said, to make a display of her strength and agility,
partly for the purpose of obtaining a fuller recognition means certain. The relative strength and resources of
among the civilized nations, and partly also for the the two countries do not admit of comparison. Between
purpose of putting down discontent at home. While 400,000,000 and 40,000,000 there is a wide gulf. Re­
making some allowance for these and kindred sugges- sources are not out of proportion to territory. China
tions, it is not easy to arrive at any other conclusion has all the advantages which result from a direct land
than that Japan is in the main the representative connection with Corea. In spite of Japan, if the war
of what we consider the right. It has to be gives her time, she can flood the entire Corean peninadmitted also that she has had some provocation. It is sula with her troops. She has at her command everynot easy for a spirited nation to overlook such an o u t-, thing which is necessary to wear the Japanese out.
rage as that associated with the barbarous murder of But Japan is mistress of the situation at sea; and there
Kimok-Kiun. It was an outrage for which the , is a strong presumption that she will remain so. There
Chinese in Corea were solely responsible. Then again, ( is one possibility—and from the activity and energy
according to well-defined treaty arrangements, neither ( already manifested by the Japanese we are not barred
China nor Japan was, in any emergency, to send troops Jfrom giving it consideration—the Japanese may run
into the “ Hermit Kingdom ” without the consent of their ships up the Peiho and occupy Pekin. That,
the other. It was China, not Japan, which violated j however, must be done quickly or it cannot be done at
this compact; and it was not until it was known that ( all. If Japan should succeed in accomplishing this
armed bodies of Chinamen had been sent to the Corean coup, the war might be ended. If it is prolonged,
capital for the ostensible purpose of putting down the *China is the more likely to have her will in Corea on
insurrection that the Japanese Government felt called land, while Japan, as at present appears, will have her
upon to take decided action.
will at sea.
Other reasons are not wanting to give a show of jusIt is very difficult to believe that this war will come
tice to the course which Japan has pursued. On a , to an end without leaving permanent traces of its
former occasion reference was made at some length in influence on the “ Hermit Kingdom.” There is much
these columns, to the rival interests of China and Japan reason to fear that it will b8 the “ Hermit Kingdom’*
in Corea. China, it was shown, claims a historic no longer. Russia, it is understood, is resolved not to
suzerainty over the “ Hermit Kingdom.”
This j tolerate any diminution of Corean territory. It is not
suzerainty, which has little other practical vitality j denied, however, that Russia has interests in such ter­
than what consists in annually paying and receiving a ritory and that she is equally resolved to prevent any
certain amount of money, China asserts and ignores interference—even British interference—with those
very much as convenience requires. On two promi­ interests. In plain language, Russia is dissatisfied with
nent historic occasions, not so very many years ago— Vladivostock as the terminus of her Trans-Siberian
a difficulty with France and a difficulty with the United railroad and as a harbor of refuge for her ships in
States—this suzerainty was denied ; and China the Pacific. It is too far north; and what
is
ice-blocked
for three
or
escaped some very inconvenient responsibilities. Japan, is worse it
on the other hand, has large and important business r e -. f°ur months every year., She wants a harbor
lations with Corea, and for her own benefit as well as for , more to the South. Port Lazareff has been named
the benefit of the little kingdom she seeks to bring her as combining maoy of the desired advantages. A port
into and to push her along the pathway of reform. The in the Yellow Sea might be as convenient. Russia is
principal hindrance which Japan experiences in giving all the more likely to insist on some such shelter for
effect to these good intentions is the Chinese element ( b£r ships, and she is the less likely to fail in obtaining
in Corea and Chinese influence generally. It has n o t , what she wants that Great Britain has established
been claimed, at least not on good authority, that Japan , herself at Port Hamilton, in the extreme south of
has or has had any such purpose as that of annexing , Corea. Whether the war shall be of long or short
Corea to her Island Empire; on the contrary, all the duration, and however it may result to the respective
facts go to show that Japan’s main object is to bring combatants, it is safe to conclude that there will be
Corea more in the line of modern civilization, and by some sort of reconstruction, and that Corea will be
this means to make her trade relations with her neigh­ forced to provide harborage to the great Pacific fleets
bor at once more lucrative and more agreeable. Hot of both Great Britain and Russia.
vanity, not selfishness, but an honest desire to civilize
and so extend and protect business interests—such we
OUR IR O N AND STEEL PRODUCTION.
consider to be Japan’s motive, and such we believe to
The statistics of the production of iron and,steel in
be the prevailing sentiment regarding her. For these the United States for the first six months of the current
various reasons sympathy goes out to Japan rather than calendar year, which were made public at the close of
to China.
last week by Mr. Jam.es M. Swank, the General Mana­
Looked at from the high standpoint of international ger of the Iron and Steel Association, reveal of course
law, one sees that Japan was perhaps too hasty in com­ very striking results— most striking naturally in the
mencing hostilities and too slow in declaring war. unfavorable features disclosed, but, strange a3 it may
Trouble may yet grow out of this source. Much will seem, also quite striking in the favorable features
depend upon the action which may now be taken by . shown. The latter circumstance we need scarcely say
the outside powers. At present the disposition seems ^isof especial importance, for it reveals something ento be to let the rival combatants alone. Great Britain eouraging at a time when and in a trade where encpuris the only outside power which has been furnished *aging facts have appeared to be rare.




174

THE CHRONICLE.

Touching upon the unfavorable features first, it is
"well known that the iron and steel trades have for a
period of nearly twelve months been more than ordin­
arily depressed. With all our industries prostrated
and in a state of paralysis, these great trades have been
more deeply disturbed than the rest. Previously prices
had been unsatisfactory for many ye ars, but there had
at least been a large and active demand for all forms of
iron and steel. With the development of the panic
prices dropped still lower, and the demand simultane­
ously fell off. The result was a pretty general closingup of mills and furnaces and an enormous curtailment
in the output. Even then the situation showed no
signs of improvement, and at times the iron and steel
industry appeared to be on the verge of utter collapse.
It has been the depressed state of this industry that
has operated so greatly to the disadvantage of the rail­
road carrying systems in the iron-producing districts,
for with so many plants idle, and production of iron
and steel restricted to only a fraction of the former
proportions, the railroads necessarily suffered large
losses of traffic in coal, in iron ore, and in the various
other things which the iron and steel establishments
consume in enormous quantities when fully employed
—besides which the traffic in the finished products of
iron and steel was of course also greatly diminished. To
the natural forces working to curtail the iron output
some special disturbing agencies unfortunately were
added which operated to reduce still further the pro­
duction. Thus there was the great strike of the
bituminous coal miners and also the strike of the
coke workers in the Connellsville region.
Under the circumstances it is no surprise to have
Mr. Swank report that the make of pig iron in the
twelve months from July 1, 1893, to July 1, 1894, was
only 5,279,567 gross tons, whereas in the calendar
year 1892 the aggregate had been 9,157,000 tons,
showing a decrease of almost four million tons, or over
42 per cent. We are also prepared for the further
statement that not since the dull year 1885 has the
output been so small as in the twelve months which
closed Jupe 30, 1894. A further graphic illustration
of the situation is found in the report that on June 30,
1894, there were only 108 furnaces in operation while
no less than 408 furnaces were idle—as to which
figures Mr. Swank, whose knowledge runs back a good
many years, says: “ We do not remember a time in the
modern history of the American iron trade when so
few furnaces were in blast as on the 30th of June last.”
Of course there is always a larger or a smaller number
of furnaces out of blast, and we presume some of the
408 now reported idle are old and antiquated concerns.
But taking the 108 furnaces in operation, we find that
a year ago (that is, June 30, 1893,) the number of
active furnaces was given as 226, and on December 31,
1892, as 253, so that even on that basis only about 40
per cent of the old number was at work. We need
hardly say that in times like these the best equipped
plants alone are in position to continue operations.
With the output for the twelve months so greatly
reduced, the production for the half-year to J une 30,
taken by itself, also of course shows a heavy falling off
when compared with the corresponding half-year in
1893. The production for the half-year in 1894 is
reported 2,717,983 tons against 4,562,918 tons in the
first half of 1893, the contraction therefore being
1,844,935 tons or 40 per cent. If the comparison were
with the year preceding (1892) the falling off would be
still larger, the production then having been 4,769,683




[VOL. LIX,

tons, as against 2,7f7,983 tons now. In 1891, however,
when, as in the present year, a strike in the Connellsville
coke regions cut off the supply of fuel, the make of
iron in the six mouths to June 30 was but 3,868,107
tons. In the following we show the production of iron
for the first six months of the last six years, the iron
being classified according to the kind of fuel used in
making it. It will be observed that the 1894 figures
are the smallest of any of the years given in the aggre­
gate and also the smallest for the separate classes, with
one exception.
PRODUCTION ACCORDING TO FUEL USED.

1891.

1893.

1892.

1890.

1891.

1889.

B itu m in o u s eoal& coke 2,203,239 3,470,444 3,558,069 2,202,044 8,184,065 2,567,504
. 673,060
M ix ed a n th r . & co k e l
855,234 931,699 907,053 1,095,710
412,047
( 147,128
A n th r a c ite a l o n e _ ’
_
280,738 273,911
237,240 279,915 259,010
102,697
C h a r c o a l.........................
T o t a l......................... 2,717,983 4,562,918 4,769,683 3,368,107 4,560,513 3,661,603
U n so ld s to c k s —
J u n e 30............................
D ecem b er 31..................

575,886

578,831
707,318

775,855
535,618

482,406
627,233

411,039
661,858

502,935
283,879

N ote .—In above stocks are included am ounts reported held by the
American P i« iron Storage Warrant Company in its yards not under
the control of makers, nam ely 58,830 gross tons June 30 ,1 8 0 1 ; 45 250
gross tons December 31, 1803; 29,640 gross ton s June 30, 1893;
29,500 gross tons December 3 1 ,1892; 37,908 gross tons June 30,
1892; 30,900 gross tons December 31, 1891; 40,351 gross tons June
30, 1891; 52,937 tons December 31, 1890; 63,500 tons June 3 0 ,1 8 9 0 ,
and 36,200 tons December 31, 1839.

The foregoing gives, besides the production, the
amount of the unsold stocks at the end of each halfyear. In looking at the changes in these stocks we
find the first of the favorable features alluded to
above. It appears that on June 30, 1894, the total of
the stocks was only 575,866 tons, against 707,318 tons
on December 31, 1893, being a reduction of 131,452
tons. In the corresponding six months of la3t year
stocks increased from 535,616 to 578,831 tons, and in
the six months to December 31, 1893, there was a fur­
ther increase to 707,318 tons, from which the decline
to 575,866 tons has now occurred. There has been
only one other recent year when stocks in the six
months to June 30 decreased, namely 1891. It follows
therefore that if we allow for the changes in these
stocks, so as to show the apparent consumption, the
falling off from last year is not quite so large as on
the basis of production. Comparisons in that way are
furnished in the following.
CONSUMPTION OF DOMESTIC PIG IRON IN UNITED STATES.
Gross Tons o f 2,240 Lbs.

F irs t S ix M onths.
1894.

1893.

1892.

1891.

1890.

1889.

P r o d u c tio n ..................... . 2,717,983 4,562,918 4,769,683 3,368,107 4,560,513 3,661,603
43,215 148,622 *179,452 127,160 202,791
In c re a se in s to c k ............ *131,452
C o n su m p tio n ............ 2,849,435 4,519,703 4,621.081 3,517,559 4,433,35* 3458,812
»D ecrease.

As bearing on the reduction in stocks, Mr. Swank
notes as a significant fact “ the almost total absence of
unsold stocks of pig iron on the 30th of J une in the large
producing districts of Allegheny County and the Shenango Valley, Pennsylvania, and the Mahoning Valley,
Ohio.”
Proceeding a step further, we discover still another
favorable feature. While the output of iron fell so
much below the total for the first six months of last
year, it actually was somewhat larger than for the last
six months of that year. This latter comes as a sur­
prise. The general paralysis of trade was certainly
deeper and more pronounced in the six months to J une
30, 1894, than in the six months to December 31, 1893.
Theh the strike of the bituminous coal miners, which
extended to practically all parts of the country where
soft coal is mined, and lasted for a period of two
months in its full dimensions, and for a longer period
in some of the regions, cut off the supply of fuel so

THE CHRONICLE.

A u g u st 4, 1894 J

completely in many of the larger iron-producing
districts that most of the furnaces had to be banked
and production stopped. The strike of the coke work­
ers in this period likewise had the effect of reducing
the output.
Yet notwithstanding all these adverse influences more
iron was made in the six months to June 30, 1894,
than in the six months to December 31, 1893—that is,
the statistics show a production of 2,717,983 tons in
the last six months against a production of 2,561,584
tons in the preceding six months. And this difference
in favor of the last six months becomes still larger
when we allow for the variations in the stocks of unsold
iron in makers* hands. For, as already pointed out, in
the six months to June 30 stocks ^creased 131,452
tons, whereas in the six months to December 31, 1893,
they wcreased 128,487 tons. In other words, the
apparent consumption of iron in the last six months
was 2,849,435 tons, against an apparent consumption
of only 2,433,097 tons in the preceding six months,
thus indicating quite a noteworthy change for the
better. Below we give the make of iron in half-yearly
periods back to 1885.

175

1,000,000 tons a year of rails are required for renewals
alone on the railroad system of the country.
PRODUCTION OP BESSEMER STEEL RAILS IN GROSS TONS.

1887.

—1 st h a lf....... 1,021,500 1891.
—1st h alf.........
2d half..................1,023,318
2d half....................
—1st h a lf....... 692,197 1892.
—1 st h alf.........
2d h alf................. 673,724
2d half............ .
1889.
—1st h alf....... 642,475 1893.
—1st half.........
2d h a lf ............... 827,792
2d half................ .
1890.
—1st h alf....... 922,016 1894. —1st h a l f ...............
2d h alf.................. 875,473
1888.

517,794.
702,080*
772,436686,296
704,240
332,113
399,404

Obviously then the great increase in the output of
steel the last six months, as compared with the six
months preceding, must represent the demand for steel
for general and miscellaneous purposes. Moreover,
with the manufacture of rails reduced to such low
figures, it is evident that in the comparison of the
production of ingots with the very heavy totals of pre­
vious years, that is an important factor to be taken
into the account. In other words, owing to the great
decrease in the requirement for steel for rails, this item
must be eliminated if we would know the general con­
sumption of ^Bessemer ingots.
We have therefore
undertaken in the following to construct a statement
on that basis, making the usual deduction of 12 | per
cent for loss from conversion.
GROSS TONS OP 2,240 LBS.

PRODUCTION OP PIG IRON IN HALF-YEARLY PERIODS.

1885—
1886—
1887—

2d
2d

2d
1888—1st
2d
1889—
2d

Gross Tons.
1st h alf..........1,920,371
h alf..................2,124,154
1st half..........2,637,682
half..................3,045,642
1st half..........3,049,294
half..................3,367,854
half..................3,020,092
h a lf................. 3,469,646
1st h a lf.........3,661,603
half..................3,942,039

1890—
1891—
1892—
1893—
1894—

2d
2d
2d
2d

Gross Tons.
1st half.......... 4,560,513
h a lf................. 4,642,190
1st half.......... 3,368,107
half..................4,911,763
1st half.......... 4,769,693
half..................4,387,317
1st h alf..........4,562,918
half.................. 2,561,584
1st h a l f .......2,717,983

The most encouraging feature of all, however, is
found in the statistics of the production of Bessemer
steel. The recovery here has been surprising. Tne out­
put of steel ingots for the six months to June 30 last year
was 2,092,057 tons, being with one exception the largest
production of Bessemer steel for any half-yearly period
in the history of the country; in the second six months
of last year the product dropped to 1,123,629 tons; for
the six months of the current calendar year the output
is up again to 1,667,454 tons, being an increase of
over half a million tons or nearly 50 per cent as
compared with the preceding six months. In this
increase or recovery we see the source of the increased
consumption of iron; more iron has been used for steel­
making.
PRODUCTION OP BESSEMER STEEL INGOTS IN GROSS TONS.

1887.—1st half.
2d half.
1888.
—1st half.
2d half.
1889.
—1st half.
2d half.
1890.—1st half.
2d half.

.1,462,118 1891.
—1st half........1,427,764
.1,473,915
2d half................1 ,8 1 9 ,6 5 3
.1,235,971 1892.
—1st h a lf....... 2,058,928
1,275,189
2d half..................2 ,U 9,507
1,268,495 1893.
—1 s t h If........2,092,057
1,661,709
2d h alf..................1,123,629
1,822,535 1894.
—1st h alf........ 1,667,454
1,866,336

It is important to bear in mind, too, that the increase
in the Bessemer steel production has not followed from
an increase in the demand for steel for rails. New rail­
road construction has not for years been so small as in
the first six months of 1894, while as to the requirements
of the railroads for rails for renewals these have been
kept down by the great falling off in earnings and by
the severe economies in operations which this falling
off has made absolutely necessary. It happens that the
output of Bessemer rails in the six months to June 30,
1894, was a little larger than in the six months to
December 31, 1893, but the amount was exceedingly
small in both periods—being respectively only 399,404
tons and 332,113 tons. How small these totals are
may be seen by the following comparison with the
figures for the years preceding, and also from the fact
that it is estimated that leaving new construction
entirely out of the account, between 900,000 tons and



1894.

Bessemer steel.

1893.

1892.

1891.

1st half. 2d half. 1st half. 2d half. 1st half. 2d half, [ist half.

Bes’mer ingots 1,637,454 1,123,629 2,092,057 2,109,507 2,058,928 1,819,653 1,427,764
Less 12'4 p. c.
for oxid’n, &c. 208,432 140,453 261,507) 263,688 257.366 227,457| 178,470
Finish’d steel 1,459,022
Bessemer rails. 399,404
Steel for other
purposes....... 1,059,618

9S3.176 1,830,550 1,845,819 1,801,562 1,592,196 1,249,294
332,113 704,240) 686,296 772,436 702,080j 517,794
651,063 1,126,310^1,159,523 1,029,126

890,116

1

731,500

The result is nothing less than remarkable, I t
shows that at a time of general business depression
almost as much steel is being used (outside of that
required for the manufacture of rails) as when business
was active and all our industries prosperous. As com­
pared with the six months to December 31 last, when
the panic had very strikingly reduced the output and
consumption of steel, the increase is most noteworthy,
showing a recovery to nearly the full maximum reached
before the development of business depression. In
brief, for the six months to June 30, 1,059,618 tons of
steel went to other purposes than rails, against only
651,063 tons in the six months to December 31, 1893,
the addition thus being over four hundred thousand
tons. In the six months to June 30 last year the
amount was 1,126,310 tons and in the six months to
December 31, 1892, 1,159,523 tons. Those latter are
the largest totals ever reached, and the 1894 aggregate
comes within 100,000 tons of the higaest of
them. We have often in the past directed at­
tention to the great increase which has been in
progress in recent years in the use of steel for
miscellaneous purposes, and the above table, showing
almost a full maximum consumption in a period of
great depression, offers further striking testimony to the
same effect. As illustrating the great growth which has
occurred, we may say that going back five years we
find that in the whole twelve months of 1889 the
consumption of steel for other purposes than rails was
only 1,093,662 tons, whereas for the first six months of
1894 the amount, as we have seen, is 1,059,618 tons.
The low price of steel has of course created entirely
new uses for steel, and has also led to the substitution
of steel for iron.
To sum up then we find (1) that the production of
iron in the six months to June 30, though much below
the corresponding period in other recent years, has
been larger than in the six months to December

176

THE CHRONICLE.

31, ib93; (2) that there nas been a reduction in uusold
stocks during the last six months, and that in some of
the larger iron-producing districts the stacks are very
low; (3) that the consumption of steel for general
purposes is mounting up again to marvelously large
totals, in face of adverse conditions, and (4) that as far
as rails are concerned the production now is on a bieis
which in ordinary times would be hardly sufficient
to meet the country's requirements for renewals of
existing tracks. Thus we have a state of facts which
is at once better regarding the present than would have
been thought likely, and quite promising for the
future.

POWERS OF RECEIVERS.
With so many railroad properties in the hands of the
courts, the question how far receivers can go in their
acts with or without the sanction of the courts is likely
to come up frequently. The general principles govern­
ing in such cases are well established. But occasionally
a case arises which presents the matter in some new
form or aspect, thus affording an opportunity to the
courts to emphasize and bring out with greater clear­
ness the views controlling their decisions. An action
was recently decided by the Supreme Court of the
United States where the question at issue was whether
a receiver, without having obtained the sanction of the
court appointing him, could through the general pow­
ers conferred upon him by the court make a lease of
offices extending beyond the term of the receivership.
The case reached the Supreme Court on appeal from
the Circuit Court for the Northern District of Illinois.
The Circuit Court had ruled against this contention,
and the Supreme Court has confirmed the action of the
lower court. As the decision may have a bearing in
other cases, the facts have general interest.
The case arose out of the receivership and fore­
closure of the old Wabash St. Louis & Pacific RR.
The Circuit Court in the action for foreclosure had ap­
pointed Thomas M. Cooley receiver of the mortgaged
property, and he as such, receiver on December 31,
1886, had entered into a contract with the Chicago
Deposit Vault Company for the lease of a suite of
offices in the Rialto Building in Chicago for his use in
the conduct of the business of the railroad. So far the
transaction was not unusual. But it appears that the
lease w p for a long term of years— for the period from
January 1, 1887, to April 30, 1891, four years and four
months, with a provision however that the lease might
be canceled May 1, 1888, by giving notice on or before
February 1, 1888. The rental under the lease was fixed
at $10,500 per year, payable in instalments of $875
monthly in advance. Cooley paid the stipulated rent
while he acted as receiver, which, however, was not
long, as he was appointed Inter-State Commerce Com­
missioner and resigned in April, 1887, being then suc­
ceeded by John McNulta. The new receiver con­
tinued the use of the rented premises, and like his
predecessor paid the rent agreed upon. But after the
property was sold under foreclosure sale, he gave notice
on June 27, 1889, that he would not need the rooms
after August 1, 1889, and he accordingly surrendered
possession of them on July 31, 1889.
;;T h e Chicago D posit Vault Company, however, con­
sidered this a breach of contract, and they filed an inerveniog petition in the foreclosure suit, praying that
the receiver might be restrained from surrendering the
rooms and that the purchasers of the mortgaged premises



[You. L)X.

at •he foreclosure sale be required to abide by and per­
form the terms of the lease; further, that an adequate
fund out of the trust assets should be retained in the
court to assure the payment of the rent thereafter to ac­
crue, and that this fund be applied to the payment o
said rent. A peculiar feature of the case was that the
petitioner claimed that the lease had in effect had the
approval and sanction of the courc. He rested his
contention on the ground that the receivers h id filed
with the court monthly reports of their operating
expenses, that in these reports the item of rent was
regularly entered and duly shown, and that these re­
ports had been fully passed upon first by a master and
then by the court.
Both Receiver McNulta and the purchasers of the
mortgaged premises resisted the claim of the intervening
petitioner. They averred in their answer that Cooley,
as receiver, had no power, without the approval of the
court, to bind the court or the funds of the receiver­
ship beyond the time the premises should be required
by the receiver, and that the lease was properly termi­
nated by Receiver McNulta's notice.
The Circuit
Court, as already said, sustained this view of the m at­
ter. In dismissing the petition, that court also over­
ruled the point that in approving the report of the re­
ceiver and the master it had given approval to the
lease.
The United States Supreme Court, in considering
the case on appeal, sajs. that the proof fails to show
that the lease was ever reported to or confirmed by the
court. The receivers' reports, which were approved
by the court, did not disclose the fact of the existence
of the lease or its terms and provisions in such manner
as to make the court's approval of the reports a confir­
mation of the lease.
The question then remains, the opinion goes on,
whether the order appointing the receiver conferred
upon him the requisite authority to enter into a con­
tract of lease involving a large annual expenditure,
and extending beyond the receivership, so as to make
the contract a proper charge against the trust property
under the administration of the court. While admit­
ting that there is some want of harmony in the author­
ities upon the question as to how far a receiver may
make and enter into contracts without the previous
approval or subsequent ratification of the court which
shall be binding upon the trust, the Supreme Court is
yet of opinion that the order appointing the receiver
in this case was not broad enough in its terms to
authorize him to enter in ti the lease in question so as
to give it validity without the approval or confirma­
tion of the court.
Discussing the question of the general powers of re­
ceivers, the court says it is undoubtedly true that a
receiver, without the previous sanction of the court,
manifested by special orders, may incur ordinary ex­
penses or liabilities for supplies, materials or labor
needed in the daily administration of railroad property
committed to his care as an officer of the court; but,
it seems equally well settled, the court declares, that
the courts decline to sanction the exercise of this dis­
cretion on the part of receivers in respect to large out­
lays, or contracts extending beyond the receivership
and intended to be binding upon the trust. f* The
receiver being an officer of the court, and acting under
the court's direction and instructions, his powers
are derived from and defined by the court under
which he acts. He is not such a general agent
as to have an implied power, and his authority to

A u g u st 4, 1894 j

THE CHRONICLE,

make expenditures and incur liabilities like the one in
question must be either found in the order of his ap­
pointment or be approved by the court before they
acquire validity and have any binding force upon the
trust.” The court also quotes with approval the rule
laid down by Beach on Receivers, to the effect that all
persons contracting with a receiver are chargeable
with knowledge of his inability to contract, and enter
into contracts with him at their own peril, since the
court has unquestioned power to modify or even to
vacate his agreements. The decision therefore is that
the lessor had no equitable right to the rent after ter­
mination of the receivership as against the purchasers
of the railroad under the decree of the court.

CONDITION OF NATIONAL BANKS.
Mr. James H. Eckels, Comptroller of the Currency, has
furnished us this week abstracts of condition of the national
banks in a numoer of cities undfr the call of July 18. From
them and from previous returns we have compiled the sub­
joined statement, which covers a few of the more important
items and shows the relative position of these financial
institutions at about the same date in each of the last three
years.
Particular interest centres, of course, in the results for the
New York City banks and it is therefore gratifying to note
that their gold holdings were on July 18, 1894, nearly twentyfour million dollars greater than on July 12, 1893 (in the midst
of the panic), and about five and three-quarter millions in
excess of July 12, 1892, when satisfactory business conditions
prevailed. In the item of loans there has likewise been a
rapid recovery from the low total touched a year ago, but
compared with 1892 there is yet a decrease of nine millions.
On the other hand individual deposits are now not only sixtysix and a-half millions greater than in 1893, but exhibit aa
increase over 1892 of thirty-seven millions. At other cities
the situation is not quite so favorable as a t ’New York, but
the figures indicate that affairs are rapidly returning to a
normal condition. Tae following is a recapitulation of the
items of gold holdings, loans and discounts, and individual
deposits of all the abstracts given to-day.
J u ly 1 8 ,’94.
N. V. City Nat. B a n k s Gold holdings.................$74,125,671
Loans and discounts....344,525,780
Individual deposits ....313,415,768
Boston National Banks—
.. $3,535,218
-.150,889,224
..110,251,429

Ju ly 12, ’93.
$50,782,744
308,646,935
246,736,851

J u ly 12, ’92.
$68,401,474
3 5 i.627.162
276,524,894

$5,191,793
137,484,412
89,711,636

$10,192,419
161,213,462
110,433,172

Gold holdings.............. ..$11,527,346
Loans and discounts. .. 94,614,057
..1 0 3 ,6 6 0 ,1 3 2

^ $ 6 ,8 1 7 ,4 7 5
94,515,532
89,042,095

$14,913,838
94,014,701
103,661,604

$2,074,209
.. 31,241,279
Individual d ep osits.... . 26,272,925
Detroit National Banks—
. . $1,164,352
Loans and discounts. .. 14,072,499
.. 9,243,184

$1,880,377
30,352,145
22,787,257

$2,312,522
31,6 +6,140
27,163,294

$827,769
15,070,110
8,491,415

$1,077,095
16,754,932
10,748,243

177

_
J u ly IS,
M ay 4,
J u ly 12
N E W Y O R K . C IT Y .
1891.
1891.
1893.
L ia b ilities C ap ital s to c k p a id i n ......................................... $50,750,000 $50,750,000 $50,733,500
S u rp . a n d u n d iv . pro fits, le ss ex p . a n d ta x e s 5 -<,067,528
59,381,583 58,153,018
C irc u la tio n o u ts ta n d in g ................................... 10,000,662 11,0501526
6,192,795
D iv id e n d s u n p a i d ................................
260,036
311,536
839,083
I n d iv id u a l d e p o s its ........................................... 313,415,788 315,935,180 218,736,851
O th e r d e p o sits ....................................................
932,497
839,238
932,636
D u e to b a n k s a n d b a n k e rs ............................... 210,17+,307 215,167,172 155,507,227
3,«80
.... ...
O th e r lia b ilitie s ...................................................
18,911,038
T o ta l.................

............ . ......... ..........$674,204,778 $883,738,235 $537,837,043

Boston banks have increased to a Small extent their supply
of gold since the date of the May call and hold $3,343,425
more of the metal than on July 12, 1893. In loans there has
been an expansion of $2,817,987 within the past two and
a-half months and an increase of over thirteen millions during
the year. Individual deposits have receded slightly from the
May total, but are twenty and a half-millions greater than a
year ago, and in fact but $182,743 less.than on July 12, 1892.
J u ly 18,
M iy 4,
J u ly 13
B O ST O N .
1894.
1894.
1893.
N u m b e r............
55
55
ResourcesL o a n s a n d d isc o u n ts, in c lu d ’g o v e r d r a f ts .$150,889,224 $148,071,237 *137 4« t ¿ to
ir u s íi n a
,
S tocks, bonds, e t c ............................................... iq u h h o iq
to ck s, b o n d s, ot.r*
19 ,663,842
19,450,446
13.327,377
D u e fro m r e s e r v e a g e n ts ........................... . . . 34,730,709
35,016,758
15,704,364
D u e fro m b a n k s a n d b a n k e r s ................... 11,548,159
11 984,014
18,104,068
_
2,7 3,386
B a n k in g h o u se , f u r n it u r e a n d fix tu r e s _
2,983,422
2,740,125
O th e r r e a l e s ta te a n d m o rtg a g e s o w n e d ...
541,697
46«,863
303,322
8,536,218
G old co in an d c e r t i f i c a t e s .....................
8,382,102
5,191,793
S ilv e r co in a n d c e rtific a te s ....................
2,855,238
2,761,344
2.108,852
L e g al te n d e r n o te s a n d c e r t’f ’s o f d e p o s it. 10,404,232
9,560,846
5.568,907
B ills o f o th e r b a n k s ............................
1,388.801
996,364
785,306
E x c h a n g e s f o r C le a r in g - H o u s e ...................
6,762,532
7,393.034
11,08-+,003
P re m iu m s o n U . S. b o n d s ............ ...................
1,137,050
1,139,687
735,595
O th e r re s o u r c e s ...............................................
821,«88
922,110
838,183

L u m m .........................

|25?;on’376 ^

W

C ap ital sto c k p a id in ......................................... $52,356*000
S urp. & u n d iv . p ro fits, le ss ex p . a n d ta x e s . 19,9+2.449
C irc u la tio n o u ts ta n d in g ..................................
7, +76,107
D iv id e n d s u n p a id ...............................................
28158
I n d iv id u a l d e p o s its ........................................... 110,251,429
O th e r d e p o s its ......................................................
234,877
D u e to b a n k s a n d b a n k e rs ............................... 60.795.959
O th e r lia b ilitie s ............................................
1,142,397

»

T o ta l.......................................................: • • ..$252,011,376 $249,128,227 $^15)980)307

The gain in gold by the Philadelphia banks since the date
of the May report approximates three-quarters of a million
of dollars, and compared with July 12, 1893, the excess is
$4,709,871. Loans have increased to the extent of $3,844,602
in less than three months but are not quite one hundred
thousand dollars greater than a year ago, and show a decrease
of nearly four and a-half millions from July 12, 1892.
P H IL A D E L P H IA .

Julv12

*

1893.
4i -

N u m b e r............................................................
41
Resources—
L o a n s a n d d is c o u n ts in c lu d in g o v e rd ra fts . $94,614,057
S tocks, b o n d s, & c..................................
17 , -¡83 30 4
D u e fro m re s e rv e a g e n ts .. ........................ 16,87l’o99
D u e fro m b a n k s a n d b a n k e rs ..........................
7 , 186’ 060
B a n k in g h o u s e , f u r n it u r e a n d fix tu re s . ...
4,237)625
O th e r r e a l e s ta te a n d m o rtg a g e s o w n e d ....
459 859
G old co in a n d c e r t if ic a te s .............................. 1 1 527’ + a
4
S ilv e w H ------ d
¡ ■ M r co in a n - c e rtific a te s ..........
5,169)080.
L eg al te n d e r n o te s a n d c e rtifl’s o f d ep o sit.
7,231,9 7
B ills o f o th e r b a n k s ...........................................
.330 518
E x c h a n g e s f o r C le a rin g -H o u s e .:....... ; ........
7 0 9 «’ 514
P re m iu m s o n U. S. b o n d s ...............................
’761 657
O th e r r e s o u r c e s ...................................................
1320 ’ 775

$94,515,532
10,393,953
9,562,685
7,832,638
3,871,558
343,739
6,817,475
3,577,815
6,813,425
249,762
14,633,125
468,783
1,629,538

L i a & f c - .................................. ..................... $174,668,421 $170,463,125 $ T ö Ö B Ä

S H fiJ
, u n p a i d ........................
75,119
I n d iv id u a ! d e p o s its ............................................. 103.6^0,132
O th e r d e p o s its ................. ................................. .
199 568
^
b a n k e r s ............................... 25,946,094
O th e r lia b ilitie s ..........................................
2,063
T o t a l ....................

337,394

• 90:007
89 042’093
i»yoKo
25,621,600 22.241 13 «
300,396 5,870)000

99A77i% j
192 417

$174,668,421 $170,463,125 $*160,730,028

Baltimore banks have gained a little more than two millions
of dollars in individual deposits since May 4, and the year’s
..
$386,791
$330,470
$693,455 increase reaches $3,485,668. Compared with 1892, however,
Loans and d iscounts.... 9,170,177
9,523,802
10,860.933
Individual d ep osits..... 14,751,529
12,647,531
15,955,510 there is a falling off of nearly one million dollars. Loans exhibit
W ashington Nat. Banks—
some expansion both when contrasted with May, 1894, and
..
$985,062
$891,621
$1,303,437 July, 1893, and fall less than half a million behind the 1892
.. 6,119,154
7,316,525
7,820,967
.. 8,959,517
8,514,861
10,431,979 total. The gold holdings of the banks in this city are not
xiie eumpiei>e austracts ior j uiy ib, lo 9 4 , for the seven heavy, but they are greater now than a year ago, and not
cities are given below, comparison being made with May 4, much below 1892.
1894—the date of the last previous call—and with correspond­
M
aui,
J u ly 12,
’ 1894*8,
ing period in 1893 (July 12). New York City national banks e x ­ B A L T I M O R E .
1894.
1893.
.
u m b e r....................................................
33
22
22
hibit a gain since May 4 in the item of loans of seven and three- N Resources—
oans nd
o ts, in c lu d in g o v e
quarter millions, of dollars, but their gold holdings have L tocks,ab o nd isce tucn..................................rd ra fts $31,241,279 $30,009,117 30,352,145
S
d s,
...........
3 427 498
3,707,817
D u e fro m re
ag
.................................
fallen off five and a-third millions as a result of the heavy D u e fro m b asnekrv e n d ebnats k e rs. ..................... 3)817’638 3,258,307. 3,177,607
2,433,399
sa
n
2,316’555
2,173,892
2,658,440
k
a d f
.. . .
1,494,439
gold exports. Individual deposits show a loss of two and B a ne rin g ah oeusse,tef uarnnditu roertgnag esixotu rneesd ... 1,518’614
1,383,545
O th re l ta
m
w
463’l2 8
428,532
.230,084
G o ld co m a n d ce rtific a te s ........... ..........
2 074)209
a-half millions.
1,977,778
1,880,377

J u ly 18,
M ay 4,
J u l y 12,
NEW Y O R K C IT Y .
1894.
1894.
1893.
N u m b e r........................ , ....................
49
49
49
Resources—
a n d d isco u n ts, in c lu d in g overdrafts.$344,525,787 $336,750,804 $308.646 935
'A V'' V........................ 60,165,089 60,472,31.3 37,322)}C7
.
....... I
»
?0,649,610
B an k in g house, f u r n itu r e a n d fix tu re s ....... 11,989,653
11,948,62.
11,+90,790
o th e r re a l e s ta te a n d m o rtg a g e s o w n e d ....
1,435 459
1,406,918
737,685
G old coin a n d c e rtific a te s ....... . ................ 74,125 671
79,552,475
50,78 <744
s ilv e r coin a n d c e rtific a te s ........................
12 ,638* 136
15,521,398
4,225,5 +2
L egal te n d e r n o te s a n d c & tifl’s d e p o s it. . . . 97,873’i62
96,864,251
21,711,677
B uis o f o th e r b a n k s .......... ........................
i 416 030
1,414,310
1,101,609
•Exchanges f o r C learin g -H o u se...................... 35)511)534
43,315,258
65,492,779
P re m iu m s o n U. S. b o n d s ................................
1 737 698
1,901,137
4 3 1,088
O th e r re s o u rc e s ...................... , ................... .
8 55s’96i
4,043,180
3,502,523
T Q tal................................. ..........................$674,204,773 $683,738,235 $637,83-,043




SU ver co in a n d c e rtific a te s .............................
L eg al te n d e r n o te s a n d c e rtifs . o f d ep o sit.
B ills o f o th e r b a n k s .......................
E x c h a n g e s f o r C le a rin g -H o u se ....................
P re m iu m s o n U n ite d S ta te s b o n d s ..............
O th e r r e s o u rc e s ......... ....................

1)670 241
4,267’587
339 054
L376’476
102’730
158)018

1,833,133
3,490,725
277,328
1,383,058
108,770
154,876

■ 948,089
2,339,831
156,398
1,976,554
60,323
157,119

7.......................- — ............. ................. $52,778,057 $50,329,270 $47,814,944
Inabilities —
C ap ital sto c k p aid in .......................
$13,243,280 $13,243,280 $13,243,330
S urp. & u n d iv . profits, le ss ex p . & t a x e s . ..
5,618.399
5,933,170
5,505,683
C irc u latio n o u ts ta n d in g ..................................
L428 678
1,433,444
1,113,749
D iv id e n d s u n p a id ...............
117*889
44,142
,211,333
In d iv id u a l d e p o s its ...............
26,272)925
24,252,372
22,787,257
O th e r d ep o sits .....................................
175 947
170,905
;170,951
D u e to b an k s a n d b a n k e r s .......................
5 792’ 959
5,169,577
4,110,750''
O th e r lia b ilitie s ....................
13o)ooo
80,000
4665,931
T o ta l.......... ..................... ......................
$52,778,057 $50,329,270 $47,814,944

THE CHRONICLE.

178

The banks of Detroit hold now a greater amount of gold
than in 1892, or either of the periods with which comparison
is made in the table below. Their loans show an expansion
of about two hundred thousand dollars since May 4, 1894, but
are one million and two million respectively less than in July
of 1893 or 1892. Individual deposits exhibit an appreciable
gain over May, 1894, and are in excess of July, 1893, by
$751,769. The loss from 1892 reaches $1,505,059.
D E T R O IT .

J u l y 18,
1894.

M ay 4,
1894.
6

J u l y 12,
1893.

8
N u m b e r ...................................................................
6
Resources—
X.oans a n d d isc o u n ts, in c lu d in g O v erd rafts $14,072,499 $13,871,031 $15,070,110
1,730,398
1,804,785
■Stocks, b o n d s, & e........................................ . . . .
1,732,392
1,506,360
1,616,422
1,836,141
D u e fro m r e s e rv e a g e n ts ................. .............
844.737
928,320
D u e fro m b a n k s a n d b a n k e rs ...................
1,019,431
16,803
265,562
B a n k in g bo u s e , f u r n itu r e a n d f ix tu re s .......
34,868
7,000
130,695
O th e r re a l e s ta te a n d m o rtg ag es o w n ed .. . .
7,000
827,769
1,087,868
G old coin a n d c e rtific a te s.................................
1,164,352
133,749
168.738
S ilv e r co in a n d ce rtific ate s..... .......................
153,209
644,866
525,552
L e g a l te n d e r n o te s a n d c e rtif ’s o f d e p o s it..
746,695
101,381
123,298
B ills o f o th e r b a n k s ..........................................
182,101
254,270
199,211
E x c h a n g e s fo r C learing H o u s e ......................
264,022
189,500
176,000
P re m iu m s o n TJ. S. b o n d s .................................
176,000
218,923
148,352
O th e r re s o u rc e s ...................................................
139,763
T o t a l ...................................
$21,528,473 $20,644,483
L iabilities—
C ap ital sto c k p a id i n .......................................... $3,600,000
$3,600,000
S urp. a n d u n d iv .p ro fits ,le s s e x p .& t a x e s .,
972,897
1,030,395
C irc u latio n o u ts ta n d in g ....................................
1,170,510
1,161,600
D iv id e n d s u n p a id ...............................................
4,394
266
I n d iv id u a l d e p o s its .............................................
9,243,184
7,874,486
O th e r d e p o s its ..................................................... . 304,550 * 295,320
D u e t o b a n k s a n d b a n k e rs ............................. .
6,l83 438
6,587,416
O th e r lia b ilitie s ....................................................
50,000
95,000
T o tal.

$21,528,473

$20,644,483

$21,708,217
$4,400,000
1,116,710
1,295,250
4,500
8,491,415
301,956
4,818,273
1,280,113
$21,708,217

The supply of gold held by Brooklyn banks is quite small
and has decreased somewhat within the past two and a-half
months. Loans also show a shrinkage in the like period
and are less than in July of either of the two preceding
years. Individual deposits exhibit a loss since May of $505,822, but compared with July, 1898, there is an excess of $2,103,998. The decrease from 1892 reaches $1,204,011.
"

$ BROOKLYN3
N u m b e r .................................................................
Resources—
L o a n s a n d d isco u n ts, in c lu d in g o v e rd ra fts
S tocks, b o n d s, e t c ..............................................
D u e fro m re s e rv e a g e n ts .................................
D u e fro m b a n k s a n d b a n k e rs .........................
B a n k in g h o u se, f u r n itu r e a n d f ix tu re s _
_
O th e r r e a l e s ta te a n d m o rtg a g e s o w n e d ...
G old coin a n d c e rtific a te s ...............................
S ilv e r c oin a n d c e rtific a te s .............................
L e g a l te n d e r n o te s a n d c e rtifs . o f d ep o sit.
B ills o f o th e r b a n k s ...........................................
E x c h a n g e s fo r C le a rin g -H o u s e ....................
P re m iu m s o n U . S. b o n d s ................................
O th e r re s o u rc e s ............... ...................................

J u ly 18,
1894.
5

M ay 4,
1894.
5

J u ly 12,
1893.
5

$9,170,177
3,537,295
2,877,065
104,700
193,760
291,526
386,791
790,565
1,277,633
205,479
697,611
35430
208,841

$9,467,075
3.506,270
3,288,406
82,978
174.150
258,783
440,127
569,952
1,291,680
325,900
711,937
36.355
101,978

$9,528,802
2,850,014
1,537,386
309,918
174,885
140,285
380,470
306,329
863,298
198,142
1,163,454
38,030
92,752

T o ta l................... ............................................. $19,776,873 $20,255,591 $17,583,765
L iabilities—
$1,352,000
$1,352,000
C a p ita l sto c k p a id i n ......................................... $1,352,000
2,535,762
2,609,850
2,552,854
S urp. & u n d iv . profits, le ss exp. a n d ta x e s .
505,171
579,051
571,896
C irc u la tio n o u ts ta n d in g ..................................
11,816
195
13,322
D iv id e n d s u n p a id ..............................................
12,647,531
15,257,351
I n d iv id u a l d e p o s its............................................ 14,751,529
101,886
100,362
101,007
O th e r d e p o s its .....................................................
429,599
356,782
434,265
D u e to b a n k s a n d b a n k e rs ...............................
O th e r lia b ilitie s ...................................................
T o ta l................................................................. $19,776,873

$20,255,591

$17,583,765

The changes in the various items in the statement of the
Washington banks have been rather unimportant since the
May call, loans showing a gain of but $216,375, gold an in­
crease of $4,410 and individual deposits a decrease of $5,304.
Compared with July, 1893, the gain in gold reaches $93,441,
and in individual deposits $444,656, but there is a loss in loans
of $1,197,371.
J u ly 18,
1894.

M a y 4,
1894.

12

12

J u ly 12,
1893.
12

$6,119,154
2,295,505
1,067,640
483,710
1,067,322
20,310
985,062
755,988
1,097,991
22,053
136,354
54,055
133,784

$5,902,779
2,147,423
1,106,735
567,637
1,062,322
16,593
980,652
657,418
1,372,020
25.951
172,286
55,427
173,441

$7,316,525
1,751,323
650,476
362,433
1,061,822
7,300
891,621
627,036
549,407
26,155
156,420
109,518
175,347

T o ta l................................................................. $14,238,928
L ia b ilities—
C ap ital sto ck p aid i n ........................................... $2,575,000
1,511,106
S urp. an d u n d iv . profits, le ss exp. & ta x e s ..
654,915
C irc u la tio n o u ts ta n d in g ...................................
4,355
D iv id e n d s u n p a id ...............................................
8,959,517
I n d iv id u a l d e p o s its ............................................
90,809
O th e r d e p o s its .....................................................
443,226
D u e to b a n k s a n d b a n k e rs ..............................
O th e r lia b ilitie s ...................................................

$14,240,684

$13,685,383

$2,575,000
1,510,641
687,515
1,951
8,964,821
94,081
406,675

$2,575,000
1,470,013
535,275
8,052
8,514,861
75,975
365,799
140,408

$14,238,928

$14,240,684

$13,685,383

W A S H IN G T O N , D . C.
N u m b e r..................................................................
Resources—
L o a n s a n d d isco u n ts, in c lu d ’g o v e r d r a f t s ..
S tocks, b onds, &c................................................
D u e fro m re s e rv e a g e n ts ..................................
D u e fro m b a n k s a n d b a n k e rs .........................
B a n k in g h o u se, f u r n itu r e a n d f ix tu re s .......
O th e r re a l e s ta te a n d m o rtg ag es o w n e d ....
G old coin a n d c e rtific a te s .................................
S ilv e r coin a n d ce rtific a te s ............................
L e g al te n d e r n o te s a n d c e rtif ’s o f d e p o s it..
B ills o f o th e r b a n k s ...........................................
E x c h a n g e s fo r C learing H o u s e .....................
P re m iu m s o n U . S. b o n d s .................................
O th e r re s o u rc e s ...................................................

T o ta l

Clearings by Telegraph.—Stock Exchange Clearing
House Transactions.—The subjoined statement covers the
clearings for the current week, usually given on the first
page of the Chronicle, but which oii'account'of the length
of the other tables is crowded out once a month. The figures
are received by telegraph from the leading cities. It will be ob­
served that as compared with the corresponding week of 1893
there is a decrease in the aggregate of 18*4 per cent.
So far as the individual cities are concerned New York ex-




[VOL. L1X.

hibits a falling off of 25 per cent, and Boston, Philadelphia,
Baltimore, and New Orleans also record losses. There is a
gain at St. Louis of 28'6 per cent and at Chicago of 13’1 per
cent.
Week Ending August 4.

Cl e a r i n g s .

Return* by Telegraph.

1894.

New Tork............................. B o sto n ...... . . . . . . ........... .
Baltimore.............. .................
C h ic a g o ....... . . . . . . . . . . . . . . . .
St. L o u is ....... . . . . . . . . . . . . . . .
New Orleans. . . . . . . . . . . . . . . . .

$317,479,601
58,077,039
49,083,027
9,729,927
74,521,724
18,259,650
5,034,214

$462,355,144
69,713,450
55,184,713
12,176,302
65,877,687
14,203,975
5,189,033

-25-0
-16-7
-11-1
—
20'1
+13-1
+28-6
- 3*0

Seven cities, 5 days.. . . . .
Other cities, 5 d a y s ...........

$562,185,182
112,698,411

$685,699,304
100,948,763

-1 8 0
+11*6

Total all cities, 5 d ays....
A ll cities, 1 day . . . . . . . . . . . . . . .

$674,883,593
131,092,673

$786,648,067
144,298,815

Total all cities for week..

$805,976,266

$930,946,882

-14*2
- 9*1
-13-4

1893.

Per Cent.

Another table, our usual monthly detailed statement of
transactions on the various New York Exchanges, has also
been crowded off of the first page. The results for the seven
months of the current year are, however, given below and for
purposes of comparison the figures for the corresponding
period of 1893 are also presented.
Seven M onths, 1893.

Seven M onths, 1894.

Description. Par Value
or Quantity

Actual
Value.

Aver'ge Par Value
Price. or Quantity

Actual
Value.

Aver 6
P rie .

54,680,282
£1699436330 63-0 { $4,994,632303 {3149060113 63-0
$220,155,600 $166,802,870 75-8
$139,408,714 73-2
$922,643 110-7
$833,900
$3,525,385 122-3
$1,259,100
$900,668 7X-5
$2,840,429 44-7
$853,821 157-7
$541,545
$679,256 174-4

27,481,295
Stock
$2695572570
HR. bonds., $190,446,500
aov’t bonds $2,873,900
State bonds. $6,356,500
$389,360
Bank stocks
T otal... $2895638830 $1,815890114
507,000
$419.907
Pet’l’m.bbls
Cotton..bis. 17,905,400 $681,498,044
Grain, bush. 921,254,440 $561,172,282
Total value
f$3088980,847

$5217,422,850 $3,318540115 63-6
63-7
$4,602,465 61 9-10c
7,432,000
83 4-5c.
27,203,600 $1175022740 $43-17
$38-06
60 9-10c 933,229,850 $686,736,265 TÒ%<S.
$5,184931553

The transactions of the Stock Exchange Clearing-House
from July 23, down to and including Friday, August 3, also the
aggregates for January to July, inclusive, in 1891 and 1893
are given in tabular form below.
STOCK EXCHANGE CLEARING HOUSE TRANSACTIONS.

,-------Balances, one side.------ > Sheets
Total Value. Shares. Value Shares O ash. Clear'd
9
9
9

,—Shares, both sides.—«

Cleared.
Month—
J a n ., 1893.
Feb., 1893.
M ar., 1893.
A pr., 1893 .
M ay, 1893.
J u n e ,1893.
J u ly , 1893.

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

2,064,703,000
1 744 400,000
1,690,000,000
1,421,300,000
1,738,900,000
1,016,900,000
1 .100 .000,000

7 m o s .... 164,132,900 10,776,203,000
18,363,000 1,038,600,000
784,800,000
12,847,600
16,912,900 1.076,441,000
868,700,000
14,728,000
19,140,800 1,250,300,003
842,800,000
13,185,700
734,700,000
10,911,400

J a n ., 1894,
F eb., 1894.
M ar., 1894.
A pr., 1894.
M ay, 1894.
June.1894.
J u ly , 1892.

7 m o s .... 106,039,400 6,596,341,000
<
—Shares, both sides.—»

210,700,000
172,701,000
167 900,000
153.300,000
161,110,000
90,200,000
88, 100,000

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

6.839
6,151
7,080
6,005
7,200
6,395
6,015

16,950,800 1,014,011,000
69,100,000
1,354,000
56,200,000
1,035,400
8L.80>,000
1,452,100
77,200,000
1,884,300
91,700.000
L 551.100
65,300,000
1,147,300
57,070,000
938,500

22,357,000
2,041,000
1,396,900
1,923,700
1,418,900
1,933,500
1,484,000
1.338.5 )0

45,635
6,839
5,598
6,531

3,000,000
2,587,900
2,703,800
2,311,300
2,869,503
1,682,000
1,796,300

6,10 1

6.039
6,038
6.856

8,863,200 498,370,000 11,530,500 44,052
,-------- Balances, one side. ---------» arties
P

29,100,000
53,200,000
33,800,000
28,600,000
33,900,000

Shares. Value Shares. Oash.Olear’ng
9
9
287
44,000 2,300,000 49,100
305
67,000 4,100,000 22,900
269
42,900 2,900,000 74,600
281
46,400 2,700,000 41,300
263
42,200 2,800,000 56,400

Tot. w k. .2,686,900 178,600,000
W klastyr6,617,100 349,600,000
July 3 0 .. 435,300 29,300,000
“ 3 L.. 544,300 38,700,000
Aug. 1 .. 422,800 30,200,000
“
2 .. 443,700 31,200,000
“ 3 . . 489,800 36,900,000

242,500 14,800,000 244,300 1,410
590,600 26,700,000 936,800 1,634
274
38,000 2,400,000 35,400
236
41,090 2,800,000 66,400
266
36,300 2,400,000 29,100
267
34,800 2,300,000 53,900
272
40,000 2,800,000 74,100

Tot. Wk..2,835,900 166,300,000
W klastyr5,953,400 316,800,000

190,100 12,700,000 257,900 1,365
536,500 23,600,000 998,800 1,617

Cleared. Total Value.
$

July 2 3 ..
« 24 .
“ 2 5 ..
“ 2 6 ..
“ 2 7 ..

493,000
774,300
462,800
480,200
476,600

The stocks cleared now are American Cotton Oil common,
American Sugar common, Atchison, Chicago Burlington &
Quincy, Chicago Gas, Chicago Milwaukee Sc St. Paul com ­
mon, Chicago & Northwestern, common, Chicago Rock Island
& Pacific, Delaware Lackawanna 8c Western, Distilling &
Cattle Feeding, General Electric, Lake Shore & Michigan
Southern, Louisville Sc Nashville, Manhattan, Missouri
Pacific, New York Central, New York Sc New England, New
Y. L. E. Sc West., North. Pac. pref., National Lead common,
Phila, Sc Read,, Un. Pac, and Western Union.

A ug ust

THE CHROJSLCLE.

4, 1894.]

179

DEBT STATEMENT J U L Y 31, 1894.

REVIEW OF PRICES I N JU L Y —STOCKS,
GOVERNMENT BONDS AND
The following is the official statement of the United
FOREIGN EXCHANGE.
¡States public debt and of the cash in the Treasury at
The following table shows the highest and lowest
the close of business July 31, 1804:
IN T E R E S T -B E A R IN G
T itle o f L oan.

I n t’r ’t
P ay’le

Am ount
Issued.

DEBT.
A m o u n t O utstanding.

prices of railway and miscellaneous stocks at the N. Y .
Stock Exchange during the month of July, 1894.
RAILROAD AND MISCELLANEOUS STOCKS.

Registered.

Coupon.

T otal.

R a ilr o a d s .
-4%s, F ’n ’d L o a n .1891
Albany A Susqueh’a.
1
C o n tin u ed a t 2 p. c. Q .-M .
$250,000,000 $25,364,500
$25,364,500 Atchison Top. AS.Fe.
-4s, F ’d ed L o a n .. 1907 Q .- J .
740,881,800 489,475,700 $70,144,750 559,620,450 Atlantic A P acific....
Baltimore A Ohio___
40,012,750¡
........
4s, R e f’d ’g C ertiflc’s. Q . - J .
57,640
50,000,000 25,472,550 24,527,450 50,000,000 ♦Brooklyn E levated.
¡ôs, L o a n o f 1904..— Q . - F .
Buff. Roch. A P ittsb .
Canadian P acific.. . . .
A g g re g a te ex o l’dV
1
Canada Southern.......
B ’ds t o P a c . R R .
1,080,894,550 540,312,750 94,672,200 635,042,590 Central of N. J ersey ..
Central P acific.. . . . . .
D E B T ON W H IC H IN T E R E S T H A S C E A S E D S IN C E M A T U R IT Y .
Chesapeake A Ohio..
_
J u n e 30.
Chicago A A lt o n .....
J lily 31.
l a n d e d L o a n o f 1891. m a tu re d S e p te m b e r 2,1 8 9 1 .. $544,500 00
$533,300 00
P ref.....................
Old d e b t m a tu re d a t v a rio u s d a te s p rio r to J a n u ­
Ohio. Burl. A Quincy.
a ry 1,1861, a n d o th e r ite m s o f d e b t m a tu re d a t
Chic. MiL A St. P aul.
v a rio u s d a te s s u b s e q u e n t to J a n u a r y 1,1861........ 1,307,740 28
1,307,550 26
P ref...........................
.A g g reg ate o f d e b t o n w h ich in t e r e s t h a s ceased
Chic. A N orth w est...
sin ce m a tu r it y ................................................................... $1,851,240 23
$1,810,850 26
P ref..........................
Ohio. A Koch Islan d ..
D E B T B E A R IN G NO IN T E R E S T
Ohio. St P.Minn. & 0 .
L e g a l-te n d e r n o te s ................................................................................................ $346,681,016 00 P ref...........................
O ld d e m a n d n o t e s ................................................................................ . ..
«17 an
Cl. Cin. Ohio. A St. L.
N atio n al B an k n o te s :
'
P r e f......... ................
R ed e m p tio n a c c o u n t............................................................. ............. 26 317 470 00 Col. Hock. V al.& T ol.
F ra c tio n a l c u rre n c y ............................................................ $15,273,071 42
’ '
P r e f ........................
L e ss a m o u n t e s tim a te d a s lo s t o r d e s tro y e d ............ 8,375,934 00
Delaware & Hudson.
--------------------6,897,137 42
Do righ ts.................
A g g re g a te o f d e b t b e a rin g n o i n t e r e s t ............................... ...........$ 3 7 9 ,9 5 0 ,4 7 0 92 Del. Lack. & Western
Den. & Rio G rande...
C E R T IF IC A T E S A N D N O T E S IS S U E D O N D E P O S IT S O F C O IN A N D
P ref..........................
Des M. & Ft, D., p f...
L E G A L -T E N D E R N O IE S A N D P U R C H A S E S O F S IL V E R B U L L IO N .
*Dul. S. 8. A A tlan ..
E. Tenn., 3d asst. pd.
I n the
In
Am ount
Classification o f C ertificates a n d N otes.
1st p r e f , 3d paid..
T reasury. C irculation
21 pref., 3d p a id .,.
Issu ed .
2d pref., all p aid ...
•Gold c e rtific a te s ......................................
$103,470 $15,947,229 $66,050,699 Evansv. & Terre H ..
«Silver c e rtif ic a te s ..........................
12,027,766 324,491,738 336,519,504 Great North’n, p ref..
C ertific ates o f D e p o s it.........................
260,000 61.695,000 61,955,000 Gr. B. W.ASt.P.tr.reo.
T r e a s u ry n o te s o f 1890.........................
22,528,599 129,918.527 152,447,126 Illinois Central..........
Leased lin es....... .
A g g re g a te o f c e rtific a te s ..............
$34,919,835 $582,052,494 $616,972 329 Iowa Central......... .
P ref...........................
Lake Erie A West’n ..
R E C A P IT U L A TIO N .
P ref...........................
Lake Shore..................
J u ly 31,
Jum e 30,
Increase or
Classification o f D ebt.
Long Island................
1894.
1894.
Decrease.
Louisville A N ash v..
L. N. Alb. AC.new stk.
$
$
$
P r e f .........................
635,042,590 00 635,041,890 00
I. 700 00 Manhattan con so l....
D e b t o n w h ic h i n t. h a s c e a s e d ..
1,840,850 26
1,851,240 26
D . 10,390 00 Mexican C en tral.....
D e b t b e a rin g no i n t e r e s t ..........
379,950,470 92 880,004,686 42
D.54,815 50 Michigan C en tral....
Minn. A St. L.tr.rect8.
A g g re g a te o f I n te r e s t a n d nonPref. trust receipts
1,018,833,911 18 1,016,897,816 68
D.63,905 £0 Mo. Kan. A T e x a s...
•C ertificate a n d n o te s offset by
P ref..........................
Missouri Pacific____
a n e q u a l a m o u n t o f c a sh in
616,972,329 00 615,355,820 00 1 . 1,616,509 00 Mobile A Ohio......... .
Morris A E ssex ..........
A g g re g a te o f d e b t, in c lu d in g
Nash. Chatt. A St. L.
ce rtific a te s a n d n o te s ......... .
1.633.801,240 IS 1,632.253,186 6 S 1 . 1.552,603 50 N. Y. Cent. A Hud. R .
N.Y. Ohio. A St. Louis
1st pref....................
C A SH IN T H E T R E A S U R Y .
2d pref.....................
G o ld —C oin.......................................................................... $73,872,012 20
N. Y. A H arlem .........
Ba r , , .....................................
s
47,050,*24 21—
$120,922,836 41 N. Y. Lack. A West’n
•Silver—D o lla rs.................................................................. 368,796,66 3 00
N. Y. Lake Erie A W.
S u b sid iary c o in ............................................................ 17,970.260 81
P ref...........................
B a r s . . . . . . . . . . . . ........................................ .
. . . . 127,113,751 47— 513,880,682 30
•Paper—L e g a l te n d e r n o te s (old issu e) .............
82,116,791 07
N. Y. A N. E. tr. reo.
T re a s u ry n o te s o f 1890........................ ...................... 22,528,599 00
1st instalm ent paid
G old c e rtific a te s ............................. . ...........................
103 470 00
2d instalm ’t p aid ..
S ilver c e rtific a te s ......................................................... 12,027,70100
N. Y. N. H. A H .........
C u rren cy c e rtific a te s
..........................................
260 0 j Q 00
N. Y.O nt. A W e st....
N atio n al b a n k n o t e s . . . . ..........................................
4,893b65 01— 121,932 091 08
’O th er—Bonds, in t e r e s t a n d co u p o n s p aid , a w a it­
N. Y. Susq. A W., new
ing re im b u rs e m e n t................................... ................
189,279 51
Pref. n e w ___. . . . . .
M inor co in a n d f ra c tio n a l c u rre n c y ........................
1,363,151
74
Norfolk A W estern...
D e p o s its in n a t’l b ink d e p o s ita rie s — e u ’l a c c ’t . . 12,511,181 03
g
Northern P a c ifio .....
D isbuising officers’ b a la n c e s .........................................
8 ,4 0 ',5 il
2 t —17 461156 52
Pref .........................
A g g reg ate
$774,201,766 31 Oreg. Ry. A N av___ _
Oreg. Sh. L. A U. N ..
D E M A N D L IA B IL IT IE S .
Peo. Dec. A E vansv.
G o ld c e rtific a te s ....... ...................................................... $66,050,699 00
* Ex-oividend.

■Silver c e rtific a te s . . . . .................................................... 336,519,504 00
•C ertificates o f d e p o s it a c t J u n e 8, 1872.................. 61 955 000 00
T re a su ry n o te s o f .1890................................................. 152,447.126 00-$616 ,972,329 00
F u n i f o r re d e m p . o f u n c u r r e n t n a t ’l b a n k n o te s
7,232,545 25
O u ts ta n d in g ch e ck s a n d d r a f t s . . . ............................
4,348 866 55
D isb u rsin g officers’ b a la n c e s ...................................... 22’404 333 04
A g ency a c c o u n ts , <fco.....................................................
4,173,540 44— 33,164,085 28
G old r e s e r v e ........................................ $54,975,607 00
N et c a sh b a la n c e ................................ 64,089,745 03....... ....................... 119,065,352 03
A g g re g a te ............................................................................................... ..$774,201,766 31
C ash b a la n c e in th e T re a s u ry J u n e 30, 1894.....................
«¡117 saa 40 « i a
C ash b a la n c e in t h e T re a s u ry J u ly 31, 1894........................ .
1. '.U 9 ,’0 l5 3 5 2 03
C n o rea se d u rin g t h e m o n th .................... ..................................... ............$1,180 915 90

N am e
o f R a ilw a y.

C en . P acific.
K an . P acific.
U n i’n P acific
Cen. B r. U .P.
W est- Pacific
S ioux C. A P.
. T o ta ls.........

P rincipal In te re st In te re st
accrued
O ut­
B y T rans­ B y cash paya n d n o t p a id by
standing.
p o rta tio n
m ’ts; 5 p. c.
yet paid. the U. S.
Service.
n e t earnings.
$
$
$
$
25,885,120
129,426 40,536,734
7,066.648:
658,283
6,303,000
31,515 10,289,313
4,282,059
27,236,512
136,182 42,933,948
14,322,676
438,410
1,600,000
8,000 2,605,808
603,255
6,927
1,970,560
9,853 2,968,819
9,367j
1,628,320
8,142 2,538,989
218,670
04,623,512
323,118 101873611
26,505,675




6314

66

11

12is

4814 49%
106*4 107
16% 17
140ia 142
160 160

723g 77%

56% 6034
117% 119%
101 s4 105%
140 141

63% 68%

34
36%
114% 116
34
37%
85
85
15% 17%
60
60
126% 133%
4
43S
158% 164%
8%

25

8%

27 38

R a ilr o a d s .
Low. H igh.
Peoria A E a s te r n ....
3
6
Phila. A Read............
15% 18%
P. C. C. A St. L ..........
10% 10%
P ref...........................
42
43
Pitts. Ft. W. A Chic,. 150 152%
Pittsb. A West., pref.
20
20%
Richmond Term n a l—
4th assessm’t paid.
10 % 12 %
I 4 3 g 14%
5th assess’mt paid.
P r e f , trust receipts
16% 18%
Rome Water & O gd.. 112% 114 „
St. L. A. & T. H .........
30
33%
St. Louis Southw est..
3
4%
P ref...........................
7
7%
St. Paul Minn. & Man. 102 104%
Southern Pacific C o..
17% 1838
♦So. R y., pf. w h en iss.
34% 34%
Texas & Pacific.........
8
9
Tol. Ann A. & No. M.
3%
4%
Toledo & Ohio Cent..
34
35
P ref.............. ...........
65
65
Union Pacific.............
7
11%
Union Pac. D. & G ...
3%
3%
Wabash..........
5%
6%
P ref......... ................
13% 14%
Wheel. A L. E rie.........
9
11%
P ref...........................
32% 44%.
Wisconsin Cent. Co..
1%
4
E x p ress«
Adams.......................... 148 151
American.......... .
108 111%
49% 52%
United States......... .
Wells, Fargo A C o.... 109 116
C o a l & m in in g ,

102
4%
89
91
9
32
15%
65%
127%
87%
43%
6%
19%
111%
7
94
3%
15%
12
19%
23%
18%
152%
66%
95%
13%
62
25
264
114
13%
27%

102
4%
91%
92
9%
34
15%
66%
130%
88%
46%
7%
26%
117
94
8
25%
13%
21%
27%
18%
154%
66%
98
14
62
26
264
114%
14%
29

9
9%
133s 14%
178 182%
143s 15%
13% 14%
33% 40%
4
4%
3%
3%
12% 15%
15
15
4% Ö
2%
3

American Coal...........
Col. C. A I . D evel . . .
Col. A Hock. C. A I ..
Homestake.................
Ontario S ilv er...........
Tenn. Çoal A I r o n ....
V a r io u s.
Am. Cotton Oil C o....
P ref...........................
Amer. Dist. Tel’g h ...
'Am. Sugar Refin. Co.
*Pref.........................
Amer. Tel. A C able...
*Amer. Tobacco Co..
P r e f .........................
Chicago Gas Comp’v.
Chic. June. A U. 8. Y.
Commercial C ab le...
Consolidated Gas Co.
Dis. A Cat. Feed. Co.
Edison Elec. 111. C o..
General E lectric.......
Laclede Gas, St. L ...
P ref...........................
*L. I. Traction...........
Manhattan B e a ch ...
♦Metro. Traction.___
♦National Lead C o ...
♦Pref.........................
National L in seed ....
National S taroh .......
l» t p ref....................
North American Co..
Oregon Improv’t Co,
Pacifie Mail................
♦Pipe Line Trust........
Pullm an P alace Car.
Standard Gas. p ref..
Tex. Pac. Land Trust
U. S C o r d a g e ........
P ref....... ................
G u aran teed _____
*U. S. Leather.___. . .
• P r e f .........................
U. 8. Rubber Co........
P ref...........................
Western Union T el..

15%
8%
16%

15%
8%
19%

26% 27%
69% 70%
40
40
94% 105%
95
91
90%
87
85% 89%
102 105
72% 79%
93
93
150 150
111 127%
17% 24%
95% 100
35% 38
16% 17
65% 68%
12% 15
2%
2%
112% 112%
37% 39%
82% 85
19
17
9
7
35
30
2%
3%
11% 12%
14% 15%
84% 84%
152 161
82
82
9%
9%
20
223a
35
37%,
59
60
8% 11
53
60
33% 36
89 % 89%
82% 85%

The range of Government bonds sold at the Stock Exchange
in July was as follows:
RANGE OF GOVERNMENT BONDS IN JU L Y .

2s
ext.
rea.
Opening.. *96
*96
*96
*96

4s,
1907,
reg.
113%
114%
113%
113%

4s,
1907,
coup.
x ll3 %
115
113%
114%

5s,
1904,
reg.
118%
118%
118
118

5s,
1904,
coup.
118%
119%
118%
119

6s.
c.’99,
reg.
*112
*112
*112
*112

4s,
Cher.
reg.
1104
tl0 4
1104
tl0 4

* P r i c e s h i d —n o s a le s d u r i n g t h e m o n t h .

t This was a sale of the “ Cherokee issue ” due 1897.

BONDS IS 3 U E D IN A ID O F P A C IF IC R A IL R O A D S .
I n t. repaid by Com panies

Low. High.
168 1*67%
5%
3
% 1%
73%
70
10
13
20% 20%

Balance
o f I n te r ’st
p a id by
the ü . S
32,811,803
6,007,254
28,172,833
1,992,626
2,959,452
2,320,319
74,264.317

The following highest and lowest prices are from actual
sales at the New York Stock Exchange:
RANGE OF STATE BONDS IN JU L Y .

Low. High. |
Low. High,
Louisi’n an ew con .4s.
95
93
Tenn. new settle. 3 s.
78% 79
No.Carolina 1 9 19 6s. 125 125 • Redemption 4% s... 106 106
So. Car. 1933, 4 %s... 100% 160% I Ya.fd.debt.2-3s, 1991
58
58?«
I 6s def. tr. reo. st’d.
7%
7%

The daily posted rates for 60 days and demand sterling
exchange in July are given below, it being understood
that bankers’ actual rates are usually a fraction below tho
prices posted.

THE CHRONICLE.

180

BANKERS’ STERLING EXCHANGE (POSTED RATES) FOR JU L Y , 1 8 9 4 .

De­
m and.

J u ly

60
days.

De­
m and.

l _ .......... s.
_
2 . . . . 87*i-8*s 4 89-*2
4 87 Jfl-s 4 89-*3
4.11. .......... B
4 ¿9-lg
6 . . . . 4 87*3-8 4 89-ifl
4 89-*s
7 . . . . 4 87*3-8
8 . . . . .......... 8
9 . . . . 4 87*3-8 4 89-*a
JO
4 87*3-8 4 89-Li
1 1 1 ... 4 87*3-8 4 89*3
1 2 . . . . 4 87*s8 4 89-*«

1 3 ...
1 4 ...
1 5 ...
1 6 ...
17
18.11
1 9 ...
2 0 ...
2 1 ...
2 2 ...
2 3 ...
2 4 ...

4 87*s-8
4 87 V 8
.......... s.
4 87*s-8
4
4 87*3-8
4 87*9-8
4 87*3-8
4 87*3-8
.......... s.
4 87*3-8
4 87*3-8

4 89-*«
4 89-*«

J u ly .

60
day».

4
4
4
4
4
4

89
89
89
89
89
89

4 89-*«
4 89-*s

De­
m and.

July.

60
days.

2 5 ....
2 6 ....
2 7 ....
2 8 ....
29___
3 0 ....
3 1 ....

4 87*s-S
4 87*9-8
4 87*9-8
4 87*s-8
.......... S.
4 88-8*9
4 88-8*s

4 89 9*«
4 89-9*3

Open.
High..
Low..
Last...

87*3-8*3
4 88*2
4 87*9
4 88-8*9

4
4
4
4

4
4
4
4

89-*3
89-*«
89-*s
89-*9

89-*«
89*9
89
89-9*a

[From our own correspondent.]
L o n d o n , Saturday, July 21, 1894.
An attempt is being made to put up rates here, though not
yery much success has attended it so far. Bankers argue that
the fall has been overdone, that the influx of gold is now
almost at an end, that a demand for the metal is springing up
on the Continent, and that the holiday-making, which is now
beginning, w ill take away large sums from London. On the
Other hand, however, there is utter distrust. The public is
bolding aloof from all kinds of enterprise ; and that being so,
there can be no considerable advance in rates unless, indeed,
something untoward should occur so as to arouse apprehen­
sion, which fortunately does not seem likely.
The India Council has been again successful this week in
the sale of its drafts. On Wednesday it offered 40 lakhs for
tender, and so large were the applications that it allotted only
10 per cent of the bills at Is. 13-16d. per rupee, and also about
10 per cent of the transfers at Is. 27-32d. per rupee. It seems
now as if the fall in the Indian exchange were checked.
When exchange drops to about Is. J^d. per rupee, gold is bought
in Bombay in large amounts for shipment to Europe, and that
instantly advances exchange somewhat. On the other hand,
any considerable rise in exchange is prevented for the time
being, at all events, by the demand for silver. When silver
jises to about 28^d. per ounce, or somewhat over, India
peases buying ; but when it falls under 28^d. the Indian de­
mand instantly springs up. Therefore, if there were any con­
siderable rise in exchange the purchases of gold would come
to an end, while if there were any considerable fall in the
price of silver the Indian demand for the metal would im­
mediately increase. Meantime trade continues very slack in
India, and the money markets are exceedingly quiet. It
seems now as if the conversion of the 1842-3 rupee loan would
be completely successful, and it is expected that even some
holders of the other rupee loans will voluntarily agree to
Convert.
The bank dividends are much more satisfactory than had
been expected. Of the eight principal London banks, that is,
banks that do little business outside of the Metropo'itan area,
five pay the same rate of dividend as at this time last year and
pnlv three distribute lower dividends. Even in these cases
the reduction is not considerable—only % per cent for the
gix months. The country banks, that is, the banks whose busi­
ness lies almost entirely outside of the Metropolitan area, have
done much better, and so have the Scotch and the Irish banks,
generally speaking the banks outside of London have been
able to maintain their rates of dividend. Ia London compe­
tition between bankers is exceediagly keen because the prin­
cipal provincial banks and all the Scotch banks compete with
the purely London banks, and so do several Anglo-colonial and
Anglo-foreign banks. Outside of London, however, there is
much less competition and business is carried on according to
old customs to a much larger extent than here in London.
Bates, in short, in London change almost hourly, whereas
banks outside of London go on charging the old rates to
which their customers are accustomed. If, however, we
compare the profits made by the banks in the first half of
this year with the first half of 1890—that is, just before the
Baring crisis—there is a very great falling off. In the case of
one great London bank the fall is from 18 per cent to 11 per
Cent, or almost 40 per cent. In another case it is from 12^j
per cent to 10 per cent and in a third case it is from 12^ per
cent to 10 per cent.
The railway dividends so far are quite good. Three of the
principal companies make the same distribution as for the
first half of last year, and one pays 1 per cent against % per
cent twelve months ago. There has been a very gratifying




[Voi*. 1IX

increase in the gross receipts for the half-year, showing that
in spite of all the depression the volume of business being
done is large. Practically, indeed, the home trade has suf­
fered little from the crisis.
Business upon the Stock Exchange is as utterly stagnant as
it has been for a long time past. There is little investment
going on and likewise there is no speculation. The depres­
sion in the United States influences our market more, per­
haps, than anything else. The American department here is
exceedingly large, and the number of persons interested in
American securities is greater than in any other class of
securities. Naturally, therefore, the whole Stock Exchange
is out of heart when the American market is paralyzed as at
present. There is a good deal of anxiety, too, respecting
India. The India Council, it is true, is selling its bills fairly
well. But for all that, it is clear that the deficit at the end
of the year will be serious, while it is known that there is
much discontent and political unrest all over India.
In Australasia there is extreme depression and business is
only from hand to mouth. Upon the Continent there are
grave fears respecting Italy. Italian bankers at home and
abroad, assisted by some British and German houses, have
been trying to give pecuniary assistance and in other ways to
help the country ; but all efforts have failed. The proposed
alcohol monopoly cannot be carried through.
There are
strong doubts whether the financial proposals of the Govern­
ment will be accepted by the Legislature; and the latest
report is that the Bank of Italy will be unable to pay a divi­
dend. In Spain matters are exceedingly bad, too. And this
week the delegates of the bondholders who went to Athens to
negotiate for a settlement of the Greek debt have broken off
their negotiations with M. Tricoupi. The latter is very gener­
ally accused of unwilligness to settle.
One other cause of anxiety just now is the proposed legisla­
tion in France against the anarchists. It is said that there are
about 12,000 Italian anarchists abroad, chiefly in France; and
the Italian Government, according to popular belief, U afraid
to receive back these troublesome subjects. Therefore Italy
will not enter into any arrangement which would result in
her anarchists being returned upon her hands ; and the fear
is that if Italy proves obstinate on this point the bad relations
between her and France will become worse and worse.
The toliowing return snows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years:
1892.
1891.
1894.
1393.
J u ly 22.
J u ly 19.
J u ly 20.
J u ly 18.
£
£
£
£
C irc u la tio n .............. ......................... 26,021,465 26,705,310 26,495,890 26,190,770«
4,788.704
4,999,231
4,123,248
6,517,039
P u b lic d e p o s its ..*«•«•»..................
O th e r d e p o s its ................................. 37,637,195 35,037,231 32,425,460 38,789,419
G o v e rn m e n t s e c u r i tie s ................ 12,770,038 13,707,044 13,491,022 12,123,006
O th e r s e c u r itie s .............................. 20,091,208 25,139,031 25,053,271 29,695,648
R e se rv e o f n o te s a n d co in ........... 29,293,133 19,279,065 16,718,961 17,263,288
Coin & b u llio n , b o th d e p a rtm ’ts 38,514,598 29,584,575 26,764,851 27,004,05»
44 11-16
42
4?%-15-16
66 1-18
P ro p , re s e rv e to lia b ilitie s , .p . c.
2
2
2%
w
B an k r a t e ......................... p e r c e n t
95 13-1
93 13-10
99 1-16
C onsols, 2% p e r c e n t . . . . .............. 10111-16
46%d.
39%d.
S i l v e r . . . , .......................................... 2811-10d.J’y l9 . 32%d.
113,894,006
C learin g H o u se r e t u r n s ................ 133,561,000 131,753,000 131,573,000

Messrs. Pixley & Abell write as follows under date of
July 19:
Gold—There has been a fair demand for gold during the past w eek
for the Continent, all arrivals being readily taken. At the Bank n o
transactions have been reported daring the week. Shipm ents to
Bombay, July 11, £5,000. Arrivals: Brazil, £ 13,000; South A frica,
¡£ li7 ,o o 0 ; total, £130,000.
S ilver—
Silver declined during during the week in the absence o f
buyers to 2 8 3sd., at which price a fair business took place for China ;
since then a demand for India caused the price to advance to 289i-d.,
and to-day, with an inquiry for Paris, silver closes at 2 8 U lfld. Ship­
m ents: Bombay, £ 1 7 ,6 5 0 ; Port Said. July 13, £ 3 8 5 ; total. £ 18,035.
A rrivals: Brazil, £ 1 ,4 0 0 ; New York, £ 6 8 .6 0 0 ; total, £70,000.
Mexican Dollars—There has been a very lim ited business in M exican
dollars. The closing price is 287sd. There have been no arrivals.

The quotations for bullion are reported as follows:
GOLD.

L o n d o n Sta/ndard.
B a r g o ld , fin e — oz.
B ar go ld , p a r tin g .o z
S p an , d o u b lo o n s, oz.
D. S. g o ld c o i n . . .oz.
G e rm a n g o ld coin.oz

J u ly 19.
8. d.
77 9
77 9%
73 9
70 4 «
70 4%

J u ly 12.
8.
77
77
73
70
76

d.
9
9)i
9
4)3
4)3

SILV E R .

L o n d o n S ta n d a r d .

J u ly 19. J u l y 12V

a.
a.
B a r s ilv e r, fin e . ..os. 28 11-16 28%
B ar s ilv e r, c o n ta in 28%
in g 5 g rs. g o ld ..o z . 291-10
C ake s ilv e r ...........oz. 30 15-18 30%
28%
M ex ican d o liars..o z. 28%

The following shows the imports of cereal produce into the
United Kingdom during the forty-six weeks of the season
compared with previous seasons:
IH PO RT8.

1893-94.
I mports of w h eat. OWt.58,171,898
___ 28,268,035
B arley............ . . . .
Oats.................. . . . . 11,967,274
Peas ..................... . . . . 2,111,739
___ 4,722,157
Beans....... .
| Indian corn ....... . . . . . 33,140,706
F lo u r ..................... ___ 17,158,993

1890-91.
1891-92.
1892-93.
57,206,491 61,705,809 51,49 2 ,8 6 7
15,062,656 15,435,396 15,493,714
12,315,539 13,226,343 1 4,063,577
1,817,223
2,4)4,193
1,984,303
2,755,031.
3,723,130
3 ,5 9 /,0 2 7
28,580,520 26,256,514 26,696,890
18,293,679 17,691,166 14.206.27L

181

THE CHRONICLE.

A u g u s t 4, 1894.]

Supplies available for consumption (exclusive of stocks on redeem national bank notes was 826,389,555. The portion of
this deposit made (1) by banks becoming insolvent, (2) by
September 1):
'iBr'M I
1892-93
1891-92.
1890-91.
1893-94.
banks going into voluntary liquidation, and (3) by banks
Wheat . . . . . . . . . . o w t .58,171,898 57,206,491 61,705,809 51,492,867 reducing or retiring their circulation, was as follows on the
Imports of f lo u r ...... 17,158,993 18,293,679 17,691,166 14.206,2 71
first of each of the last six months:
Bales of hom e-grown.19,414,416 24,215,788 28,769,895 32,441,970
,.. 94,775,307 99,715,953 108,166,870 98,141,103
1890-91.
1892-93.
1891-92.
1893-94.
38s 3d .
29s. Id.
26s. 8d.
Aver, price w heat w eek.24s. 5<1.
34s 10 1 .
26s. 9d.
33s. lOd.
Average price, sea so n .. 25s. 7d.
T o ta l.....

The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
This week.
L ast week.
2,708.000 2,892,000
296,000
275,000
453,000
519,000

W h e a t..............q rs.
Flour, equal to qrs.
Maize.. . . . . . . ....q r s .

1892
1,757.500
296 000
633,000

1893.
3,085,000
306.000
542.000

Deposits by—

A pr. 1.

June 1.

M ay 1.

July. l.

August 1 .

*
$
$
$
$
(nsolv’t bks.. 1,660,578 1,589,575 1,572,783 1,496,261 1,420,940
Liquid’g bks.. 4,877,356 4,914,959 4,956,177 5,143,271 5,113,671
Sea’c’g undr.
act of *741..* 19,671,493 20,727,251 20,102,474 20,051,191 19,854,944
Total....... . 26,209,427 27,231,785 26,631,434 26,690.723 26,389,555
* A ct of June 2 0 ,1 8 7 4 , and Ju ly 1 2 ,1 8 8 2

B onds H e l d b y N a t io n a l B a n k s . —The following interest ing statement, furnished by the Comptroller of the Currency,
The daily closing quotations for securities, &cMat London, shows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank
are reported by cable a3 follows for the week ending Aug. 8:
depositaries on July 31.
E n s l l i h F i n a n c i a l ¡M a rk ets—P e r C a b le .

London.

283t
101
101 >«
01-371«

Hon.

Sat.

Bilver.per o z . . . ............ d
Consols,new, 2% per ots.
do for account.........
Fr’oli rentes (lnP arls)fr.
U. B. 4s o f 1 9 0 7 ..............
Canadian Pacific............
0 lie. Mil. & 8t. P a u l....
Illinois Central................
L ik e Shore......................
L»ulsvllle& N ashville..
Mexican Central 4 s .......
N. Y. Central & Hudson.
N. Y. Lake Erie &West’s
do
2d o o n s ........
Norfolk & W estern, p ref
Northern Pacific p ref...
Pennsylvania...................
Phil. & Read., per shaie
Union Pacific................ .
Wabash p ref...................

Tues.

Wed.

281316 28l3le
101% 101%
101% 101%
101-55 101-80

thurs.

28%
28%
10113tft 101131«
10113-1 10113ift
02-27% 02-12%

Fri.
2811x8
10U3,«
10113,0
102 05

65
58%
93
132%
46 *3
54
99%
14
74

64%
58%
93%
132%
46%
54
99%
13%
74

64%
58%
93
132%
46%
54
99
13%
74

64%
58%
93
132%
46%
54%
99
14
74

65%
59%
9a %
132%
47%
54
99%
13%
74

65
58%
93%
131%
47%
54
99%
13%
73 '-a

13 %
50
8%
9
13%

13%
50
8%
7%
13%

13%
50
8%
7%
13%

13%
50
8%
7%
13%

13%
50
8%
7%
14

13%
50
8%
7%
14

U. S. Bonds H eld J u ly 31, 1894, to Secure—
Description o f Bonds.

5 per c e n ts..

E x p e n d it u r e s . —Through the

and

courtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government
receipts and disbursements for the month of July. From
previous returns we obtain the figures for previous months,
and in that manner complete the statement for the seven
months of the calendar years 1894 and 1893.
r e c e ip t s

(0 0 0 s o m i tte d ) .

1894.
Inter'!
R e v ’it*

I « ! 1

Cus­
tom s.

$
9,015
11.050
18,808
12,893
12.012
t5,179
25,200

$
2,744
2,492
1,085
2,278
751
1,159
888

1
J a n ....... 13,437
F e b . . . . 1(5,889
M arch .. 11,359
A p r il... 9,621
9,798
M a y ....
8,859
J u n e ...
8,42;
J u ly ....

1
2,840
828
676
1,776
1.287
2,448
1,182

Cus­
tom s.

IV. B k.
Inter'} Red’p. Dlise’i Total.
R ev’u t Fund. S ’rces

%
«
«
27.036 20,667 12,004
24,759 16,936 11,317
25,92s 19,665 12,931
26.568, 15.908 11,729
83,818 14,638 14,431
27,645 14,964 14,003
35.897 14,684 14,689

$
207
312
823
184
43
267
120

$
2,810
1,445
1,520
1,98(1
2,871
1,750
1,533

*
35.688
30,010
34,438
29,801
31.983
30,984
31,(.26

7 m os. 70.800 «8.187 11.897 10,977 191.461 117.462 91,104 1,455 13.909 228,930
d is b u r s e m e n t s

C o in a g e

by

U n it e d S t a t e s Min t s . —The following state­

ment, kindly furnished us by the Director of the Mint, shows
the coinage at the Mints of the United States during the month
of July and the seven months of 1894.
July.

Denom ination.

Pieces.

1893.
Ordi­
n a ry .

N .B k Pen­
I n ­ Red’p- Total.
sions. terest Fund.

«
15,157
14,837
18.180
16,345
15,907
14,371
16,732

$
$
$
*
8,996 7,157 1,178 32.488
280 1,097 27,823
11,52«
218 1,105 32,877
13,374
10,152 5,57« 1,216 33,2^9
895 1,888 31,167
12.977
291 1,169 26,786
10,895
7,014
12,902
942 37.590

$
18,209
17,050
17,113
15,271
15,559
17,102
17,791

$
$
13,038 7,104
322
13,495
679
13,810
12,872 5,096
383
14,269
262
11,411
14,758 7,127

*7 m os. 111,629 80.82' 21.411 8.095 291,06
in

L eg a l T e n d e r s

and

$
902
811
740
532
662
491
418

t
39,253
31,678
32.372
33,771
30,873
29,266
40,0.4

N a t io n a l B a n k N o tes

us the following, showing the amounts of national bans notes
July 1, together with the amounts outstanding August l,
and the increase or decrease during the month; also the
changes in legal tenders held for the redemption of ban
notes up to August 1.
N a ti o n a l t t u n n .* vum

$1,384,727
1,193,54,

Amount outstanding August 1 ,1 8 9 4 .* .......
Legal Tender Votes—
Amount on deposit to redeem national bank
notes July l , 1894 ...........................................
Amount deposited during J u l y .............
Amt. reissued & bank notes retired in July.
Amount on deposit to redeem national bank
notes A ugust i, 1«P4 ...
......... ...

892,500

Value.

1,912,704 38,254,080
1,956,85 I 19,568,510
388,783 1,943,915
48

Total g o ld .

120

178,500

892,500

4,258,336 59,766,625

423.000
240.000

423.000
120.000

423,431
423,431
4,080,4 <1 2,040,216
4,993,v52 1,248,313
75u,4ó5
75,045

Total s l i v e r ........

663,000

543,000

10,247,569 3,787,005

fiv e cen ts.
Gne c e n t ...

2,987,141
5,510,641

Total coinage___

841,*00

149,357
55,406

8,527,782

Total m in o r. . . . . .

204,763

1,435,500 23.033,737 6 3 .7 5 8 ,3 9 3

I m po r t s a nd E x p o r t s f o r t h e W e e k . — f o e following are
the imports at New-York for the week ending for dry goods
July 26 and for the week ending for general merchandise
July 27; also totals since the beginning of the first week in
January.
-v
1891.

Dry G o o d s.....
<Gen 1 mer’dise.
T otal...........
Since Jan. 1.
Dry G oo d s..^ ,
Gen’l mer’dise.

1892.

I

1894.

$3,309,051
8,227,033

$2,689,594'
6,860,137

$ 1 .6)6,127
7,344,698

$8,940,539

$11,536,084|

$ 9 ,5 4 9 ,7 3 l|

$9.040,825

$70,161,265
239,575,938

*71,967,239 $84,216,277 $47,713,871
257,826,652 284.633,221 203,746,596

Total 30 weeks. $309,737,203 $329,793,891 $368,849,493 « ?51,460,467

The following is a statement of tue exports (.exclusive of
specie) from the port of New York to foreign ports for the
week ending July 31 and from January 1 to date :
EXPORTS FROM NEW YORK FOR THE W EEK.

1891.
fo r the w eek ..
Prev. reported.

1892.

$5,979,446
I9b,436,882

$5,957,393
225,324,872

1893.

1894.

$7,425.3 a9
*5,912,228
200,997,89 31 207,320,503

To sal 30 weeks. $202,416,328 $231,282,270 $203.433,2871*213,232,731

The following table shows the exports and 1 noC tr* of specie
K
the port of New York for the week ending July 21 and since
January 1, 1894, and for the corresponding p-wio is in 1893
*207,259,307 and 1892:
186,182

«207,445,439

EXPORTS AND IMPORTS OF SPECIE AT NEW fO K K
G o ld

Exports.
Week.

*863,027
1,164,195

1893.

$2,707,5151
6,233,074

t

A u g u s t 1.— The Comptroller of the Currency has furnished

*26,690,723
301,168
*26,309.555

*Oiruulatio i oi Ndiurnal (¿old Bauks, not included in above, $93,577.

According to 'he above the amount of legal tenders on
deposit August 1 with the Treasurer of the United States to




178,500

Pieces.

Standard D ollars....
Half d ollars........... ..
uarter d ollars.......
Im es.............. ..

118,095 93.683 20 978 4,556 4*7,30?

Amount outstanding July 1 ,1 8 9 4 .
Amount issued during Ju ly______
Amount retired during J u l y .........

Seven Months.
Value.

FOREION IMPORTS AT NEW YORK.

N .B k .
In- Red’p. Total.
Pen­
sions. tere&t. Fund.

Changes

Double eagles..
Eagles......... ....
Half eagles.......
übree dollars...
quarter e a g le s .
Dollars...............

For Week.

O rdi­
nary.
J a n .......
F e b ....
M arch..
A p ril...
M a y ....
J u n e ...
J u ly ....

$217.007,000

retai

(OOOs o m i tte d .)

1894.

$16,488,000
23,810,450
170,305,950
6,402,600

S

1893.
H isc’l Total.
S ’rces

Total H eld.

$15,293,000
22,797,450
153,287,950
5,902,6J0
*202,281,000

4 per cen ts..

B an k
Circulation.

$1,195,000
1,013,000
12,018,000
500,000

Ourrency 6s.
2 p ercen ts..

(iiurametxial attd I^Xiscellaueuixs U rn s
G o v er n m en t R e v e n u e

Public Deposits
in Banks.

Great B ritain....... .
F r a n c e ..........£*.............

Germany...................
Vest Indies....... .
Mexioo...................
South A m erica ......
All other countries.
Total 1894.........
Total L89S.........
Total 1892.........

JSinee J a n .l,

...........'$14,588,800!
$2,550,000 2",407,999.
2,750,000 30,600,000
140 12,040,609
.............i
47,205
13,900;
530,067
........
851,785

I m p o r ts .

Week.

\SinceJan.X

*1,686,084
6.227,096
1,659.567
2 ,0 0 0 |
647,415
36,405
" 6 3 52
448,773
84,388

$5,314,040 $79,068,465
$26.352 *10.789,72
....... .
68.681.975 1,75 2, sS 5 10,994,188
3,974,500 49,780,363
18,302
6.370,401

182

THE CHRONICLE.
Im ports.
Week.

Since Jan. 1.

Week.

Great Britain.............
F ra n ce.........................
Germ any.....................
W est In d ies................
M ex ico................... .
South Am erica...........
All other countries..

$533,794 $18,520,195
201,000
139,100
785
127,601
15,462
53,297
704,413
36,411

$ ............

Total 1 8 9 4 .......
Total 18 9 3...........
Total 1892...........

$550,041 $19,782,017
901,840 18,696,554
374,325 12,710,115

$72,191

60,634
10,119
1,363
75

18,799

Since Jan. 1.
$10,303
99,041
3,409
3Ò1,659
163,791
289,185
23,495
$945,883
2,199,086
1,285,874

Of the above imports for the week in 1894 $528 were
American gold coin and $248 American silver coin. Of tbe
exports during the same time $5,314,040 were American gold
coin and $80 were American silver coin.

[VOL.

L1X’

Messrs. John H. Davis & Co., in an announcement pub­
lished in another column, refer to the superiority of gas com­
panies and street railroad lines compared with first mortgagerailroad bonds as not subject to various causes of depression,,,
and in connection with this they offer and recommend the
St. Paul Gas Light Company’s 50-year 5 per cent gold bonds,
which, controlling the city of St. Paul, both for gas and elec­
tric lighting, organized in 1857, has done a profitable business
for a great many years, and now owns all the electric-light,
plants of the city. The net earnings of the combined prop­
erties in 1892-93 were over $300,000 per year, while the fixed
charges were only $195,000. No floating debt. The actual
cost of the properties, their valuable franchises not included,
has been over $5,000,000, while the total bonded debt is only
$3,650,000. Messrs. John H. Davis & Co. offer and recom­
mend further to investors the Duluth Street Railway Com­
pany’s consolidated 5 per cent bonds, having an exclusive
franchise for the city of Duluth, Minn. The issue of thebonds is limited to $2,500,000, of which $1,000,000 are re­
tained by the trustees for the retirement of prior issues and
$500,000 are held in the treasury for future extensions and
additions.

Evansville & Richmond.—Indiana Stone Railroad &
Quarries Company.—Although successful in the initial suit
against the Evansville & Terre Haute Railroad Company for
the enforcement of the guarantee by that company of the
bonds of the Evansville & Richmond Railroad, the interest on
Messrs. Kidder, Peabody & Co., Boston, offer for sale
which has been in default since March last, Messrs. H arley $o00,0u0 Boston & Albany fours due 1913.
Sons, who are representing the Evansville & Rich­
mond bondholders, have prepared a plan which promises a
quicker and more complete solution of the difficulties which
City Railroad Securities —Brokers’ Quotations.
have arisen. The circular, addressed to the bondholders, out­
lines the plan as follows :
,
B id . A sk .
B id . A sk .
“ The Evansville & Richmond Railroad must necessarily
derive its principal source of business from the stone quarries A tia n . A v e., B ’k ly n —
132 135
C on. 5 s, g ., 1 9 3 1 ...A & O 103
1 s t, g o ld , 5s, 1 9 3 2 ..J & D 105
situated at Bedford, Indiana, and in fact at the time of its
G en . M. 5s, 1 9 0 9 ...A & O 100
99 101
inception it was this very stone business that was counted
I m p t . 5 s , g ., 1 9 3 4 ...J & J
E ig h th A v e n u e —S to c k ___ 250
& Fu
tk
30
upon to produce the income necessary for its successful B lesetk .mS t. t., 7 s, i. 9F0.—S& J.
100 105
1
o
0 .J
operation. ^The output of these quarries is • very large and B ’w a y & r7 th A v 1 .—S to c k . 108 180 4 2 d S t.& Mau.cfc 8 t.N .À v . 300 52
e
133
49
1 s t m o rt., 5s, 1 9 0 4 . J & D 100
constantly increasing, and the stone is universally favored
1 st m o r t. 6s, 1 9 1 0 ..M & 8 110 112
2 d m o r t , 5 s, 1 9 1 4 .. J & J 104 .......
53
by architects on account of its fine properties as a building
B ’w a y 1 s t, 5s, g u a r.1 9 2 4 103 __ H . W . S t. & P , F e r .—S tk . 200
material.” * * *
°
2 d 5 s, in t . a s r e n t ’1.1905 103
1 s t m o rt., 7 s, 1 8 9 4 .. J & J 1 0 J
C
s, 1 9 4
109«g
L g la n d
a tio
“ It is proposed to form a new company, to be called the In­ B roo n so ln 5C ity —N3e....Js& J. 108 109 7g MoentroIpso lita n TTr r acc tionn....... 1 4 k
o k ly
w tk
170
___ 110 H O 1
»
diana Stone Railroad & Quarries Company, by the consoli­
C o n so l. 5 s, 1941. . . . J & J 1 1 2 k 113
N in th A v e n u e ...................... 139
B iy n
s
5 s . 1903
S eco n d A v e n u e —S to c k ... 132 135
dation of the Evansville & Richmond Railroad Company, the B ro’kk ly n CTr oas c t’n n ............. 105
o
r tio
13
1 t
rt.,
1909.M
102
Bedford^ Belt Railway and the Bedford Stone Quarries Com­ C e n tr a l C ro s sto w n —S tk .. 150 15 S ixsthmAov e n 5 s,—S t o c k &.N. 200 206
ue
.. .
1 m rt., 6s,
N L15
e ue
p ly * .
a consolidation would guarantee to the Evans­ C ens.t F ko.N .& E 1922.M &tk 150 120 T h irtdmA rvt.,n6s, ...................... 183 184
.K iv .—S
155
1s
o
1 9 3 7 .. J & J 1 1 8 k
ville & Richmond Railroad Company the transportation of a
C onsol. 7s, 1902___J & D 110
T w e n ty -T h ird S t.—S to c k . 290
proportion of the output of Bedford stone. The position C h r is t’p ’r & 1 0 th S t.—S tk . 145 150
D eb . 5 s, 1 9 0 3 .................... 100
1 s t m o rt., 1898 - ...A & O 105
of the Evansville & Richmond is most favorable for a profitable
handling of this business.” * * *
N. Y. and Brooklyn Gas Securities—Brokers’ Quotations.
“ The properties of the Bedford Belt Railway and the Bedford
Quarries Company are to be acquired by a purchase of the
G A S C O M P A N IE S .
B id . A sk .
G A S C O M P A N IE S .
B id . A sk .
present securities of these companies, and, for this purpose and
to provide working capital and other requirements, it is pro- B ro o k ly n G a s - L ig h t......... 102 104 P e o p le s ’ ( J e r s e y C it y i___ 170
l.................................
105
M e tro p o lita n ( B ro o k ly n ). 132 136
posed to issue $1,000,000 five per cent first mortgige bonds, C e n truam
lli
r g ..................... 135
$600,000 income six per cent bonds and $2,000,000 stock of the C o nosn d s e rs ’ ( J e r s e y C ity ). 59 62 WBi o n a m s6b8u........................... 105 140
B
.................................. 85
d s,
C
(B o k
____
60
F u lto n M u n ic ip a l............... 125
new company. The Evansville & Richmond bondholders J eitizeeyu s ’ ity r& oH lyono)k e n ..
127
o
B o n d s, 6 s ......... ................. 105
are afforded the opportunity of exchanging their present bonds M restro p Clita n —B o n d s . . . . . 180
o
105
E q u i ta b l e ...............................
L82
for the securities of the new company, receiving $500 new first M u tu a l (N . Y ....................... 145 U S
B o n d s, 6s.
. . . . . . . . . . . . . 10Ò'
a
(B ro o k ly n 1 .
n d rd p r e f __________
mortgage fives and $500 new incomes, together with $50 in N S s sra u.................................... io<T 165 S ta o mam o n.................. ............ 80 30
c ip
C
27
cash, for each $1,000 Evansville & Richmond bond so ex­ P e o p le ’s (B ro o k ly n ).........
7(3
changed, the property of the Evansville & Richmond RR. Com­
pany to be acquired under foreclosure sale or other proper
Auction Sales.—Among other securities the following, n o t
legal proceedings as soon as a sufficient number of bonds have
regularly dealt in at the Board, were recently sold at auction:
assented to the plan.
“ The total amount of new securities to be immediatelv is­
By Messrs. R. Y. Harnett & Co.:
sued is therefore:
F irst mortgage 5 p er cent bonds.............................
*1 700 000
Income mortgage 6 per cent bonds..................
................. 1 800 000
Capital stock................ ................................................J k & j g ¿Ooolooo

“ In addition to this there will be reserved in the treasury of
the company $300,000 of the first mortgage bonds and $200,000
ot the lGCome bonds, available^for any further requirements,
lh e new first mortgage will also contain a provision for a
iuture issue of $1,000,000, should it be deemed advisable at
any time 1° acquire additional quarries and other properties.
•n v; 6 ehrhing capacity of the new company it is estimated
will be sufficient to meet the fixed charges and probably pay
the full 6 p. c. on the income bonds,” * * “ amounting in the
aggregate to $163,000. The present owners of the quarries and
Belt Railway evince their belief in the success of the undertak­
ing by agreeing to accept new common stock alone for their in­
terest in these properties. With the constantly growing de­
mand for this Belford stone it is believed that the output of
the quarries, with an attendant increased earning capacity
for the consolidated company, can be largely increased.”
Deposits of bonds under the plan should be made with
Messrs. Harvey Fisk & Sons, 24 Nassau Street, New York. ”

Shares.

10 F irst Nat. Bank of Jersey
S ity .................................... 301
17 Merchants’ Nat. Bank of
A lbany..................
185
25 American Grocery Co.,.
1st p r e f........ .................... 40

Shares.

400 Fhenix Nat. B a n k ..........117%
B onas.

$10,000 Morgan’s La. & Tex.
KK. & 88. 7s, 1918............... 126^ss

By Messrs. Adrian H. Muller & Son :
Shares.

5 Bowery B ank....................290
52 Cayuga & 8 usque. RR. Co.ICO
10 Lawyers’ Title Ins. Codexdividend) .........................135
5 Central Trust Co...............1000
25 Central National B a n k .... 120^
75 D. 8. Life Ins. Co............. 124
eo Home Fire Ins. Co............130%

Shares.

5 Standard Gas-L. Co. pref. 8 0
B onds.

$10,000 Fidelity Loan & Tr.
Co. of Sioux City, la ., deb.
6s, 1898, A&O............ .......... 71
$3,000 Dry Dock E..B. & Batt.
RR. 5s, scrip. 1914, F&A.
(Ex Aug. in terest).............. OS1
»

gau&ittß »tuff ffitmwciaï.
S am uel D. D avis & (Jo.,

—Messrs. Pearmain& Brooks, Boston, request holders of the
bonds of the Leavenworth Topeka & Southwestern RR. not to
deposit their securities under the reorganization plan of the
Union Pacific Railway Company until they have communi­
cated with the bondholders’ committee, which they represent.
—A list of municipal bond issues, carrying 4 per cent to 7
per cent interest, are offered in our State and City Depart­
m ent by Messrs. Mason, Lewis & Co., Chicago.
A list of investment bonds, municipal and railroad issues,
are advertised ih this issue by Messrs. E. H. Gay & Co.,
.Boston,




BANKERS,
N O . 4 0 W A L L S T ., N E W Y O R K .

C h a s . B. V a n N o str a n d .

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

S pencer T

rask

& Co.,

BANK ERS,
10 WALL STREET,
NEW YORK*.
'State and Jam es Streets, Albany,
B o n d s a n d S to ck s B o u g h t a n d Sold o n C o m m issio n . D e a le rs in S ta te , C ity a n d
R a ilro a d B o n d s, C o rre sp o n d e n c e iw yitod,

A ug u st

4, 1894.]

THE CHRONICLE.

^bje ja n k e rs' (Saette*

exchange and the small offerings of commercial bills have
been quickly absorbed. Gold shipments have cont:nued and
the total for the week is $3,100,000, including $1,750,000
engaged for to-morrow.
To-day’s actual rates of exchange were as follows: Bankers^
sixty days sterling, 4 87%@4 8î%; demand, 4 88%@4 88%r.
cables, 4 88%@4 89.
2
/4 ’
Posted rates of leading bankers are as follows :

D I V I D E N D S .

Name o f Company.

Per
When
Cent. Payable.

183

Books Closed.
(D ays inclusive.)

R a ilr o a d s .

Chicago & Alton, com. (q u a r)..,
do
do
pref. (quar.)...
Connecticut & Passum, pref. ..
Lake Erie & West., pref. (quar,).
Pittsburg & Lake E rie................
Syracuse Bing. & N. V. (quar.)..
W rightsville & T ennville.com .
do
do
pref.
R an ks.

Î }
2*a
134
5
2
3 l
3 $

Sept. 1
Aug.
1
Aug. 15 Aus
Aug
1
Aug.
1
Aug.
1

Bank of the Manhattan Co.........

31»

Aug.

P eter Cooper......... ..................

5

to
to
1 to Aug. 15
- to —-*■
- t o -----to

Aug.

F i r e In s u r a n c e .

m is c e lla n e o u s .

Am erican C o a l........................... .
Erie TeJeg. & Telep. (quar.)........
Northw’t Equip, of Minn, (quar.)
Street R ys. < 111. Properties, p f.
fe

3*2
1
13»
3

10

1
Sept. 1
Aug. 3.4
Aug.
1
Aug.
l!

to

A ugust 1
— to —

WALL STREET, FR ID A Y , A U G U ST 3, 189 4 — P. M.
5

A ugust 3.
Prime bankers’ sterling bills on London..
Prime c o m m e r c ia l....... . . . . . . . . . . . . . . . . . .
Documentary commercial....... .........
Paris bankers ( f r a n c s ) . . . . . . . . . . . . . . . . . . . . .
Amsterdam (guilders) b a n k e r s................
Frankfort or Bremen(reichmarks)b’nkers

S ixty Days.
4
4
4
5

Dem and.

88 ®4 881a 4 89 ® 4 89*»
87 @4 8734I
.........
S6*a®4 8 6 V
17*s®5 1678 5 1538®5 15
40316®40*4 I 4038»407 i «
953s »95>g I 95% »957s

The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, having
par, selling % premium; Charleston, buyine par, selling %
premium; New Orleans, bank 75c. premium ; commer­
cial par ; Chicago, par; St. Louis, 50c. per $1,000 discount.

United States Bonds.—Government bonds have been quiet
and steady with limited sales. Registered 5s have sold at 118,
coupon 5s at 117% ex, int. and 118, coupon 4s at 114% and 114’
,.
Closing quotations to-day are as follows :

The Money Market and Financial Situation.—The situa­
tion of affairs at Washington keeps the business community
hanging by the eyelids. Sufficient reasons for the extreme
Interest Ju ly Jnlu Ju ly Aug. Aug. Aug.
Periods 23
dulness of the past week in Wall Street are found in the con­
30.
31.
1.
2.
3.
tinued depletion of gold in the national treasury, lack of 2 s , ........................ reg. Q.-Meh. * 96 * 96 * 96 'x96 * 96 * 96
4s, 1
Q .-Jan. U S '«
progress with the tariff bill in Congress and reports of dam­ 4s, 1 9 0 7 .... ......r e g . Q .-Jan. " 1143s *113*8 "113*8 *11314 *113*s *113*»
9 0 7 . . . . . . .coup.
*114 "114 *114 *114
114
age to crops in the West by continued drought and hot weather. 5s, 1 9 0 4 . . . . . . ...r e g . Q.-Feb. *117*2 118 *11758 ''117*8 *117*8 *117*8
5s, 1 9 0 4 ........coup. Q .- Feb. *1183* *118% *118% X l7 * » 118 *117*»
It is doubtless true that the condition of our national finan­ 6s, our’cy,’9 5 ....r e g . J . <k J. *101 *101 *101 *10L *101
*101
ces causes distrust abroad, and not only prevents investment 6s, our’cy,’9 6 ....r e g . J. & J. *104 *104 "104 *104 "104 *104
6s, cur’cy,’9 7 ....r e g . J. & J. *107 *107 ‘107 *107 ‘107 *107
of foreign capital in our securities, at a time when millions 6s, our’ey ,'9 8 ....reg . J. & J. *109 *109 *109 *109 *109 *109
6s,
of idle money are piling up in their banks and they would 4s, our’cy.’9 9 ....r e g . J. & J. *112 *112 *112 *112 "LI2 *112
(uher.)’96 99.reg. March. *03-5(4 *03-5<4 ♦03-5J4 *03-54 *03-5 < *03-t34v
4
be glad to take our bonds if they felt confidence in them, but
*Thisia th e price bid at th e m orning b oard ; no sale w as made.
more than this, it induces actual selling by foreign holders
United States Sab-Treasury.—The following table shows
who would gladly keep their investments except for this feel
ing of uncertainty. It is palpable that this has much to d< receipts and payments at the Sub-Treasury.
with our continued gold exports.
Balance*.
The damage to the corn crop in Iowa and other States may
R eceipts.
P aym en ts.
Com .
C o m C e r t's . Currency.
possibly have been exaggerated to some extent, but the in
jury seems to have been serious enough to threaten a materia]
$
$
$
$
falling off in the freight prospects of some of the large corn July 28 3,587,411 1.742,747 72,612,857 2,172,759 61,713,904
;; 30
1,729,210
1,991,2*9 72,045,935
2,077,102 62,113,443carrying roads. This also comes as a disappointment aftex
“ 31
3,131,495
3,073,b64
the early promise of a magnificent com crop throughout the Aug. 1 3,002,450 2,641,257 73,0 8,314 1,794,028 61,411,968
72,750,156
1,938,045 61,959,302
«
2
West.
3,100,605
2,605,899 72,468,264
2,079-,597 62,594,349“
3
2,864,289
1,820,046 72,956,112
2,209,010 63,021,330
There is here and there a good report from the railroads,
which lends encouragement to the holders of securities. Last
Total 17,414,460 13,882,862
week we had an excellent statement of June earnings from
Phila. & Reading, and several of the Western coal-carrying
Coins.—Following are current quotations in gold for coins
roads are picking up sharply in their traffic and making up Sovereigns... . . . . . $ 4 87 ® $4 91
Fine silver b ars.. -^ 6 2 78 ® — 631».
for the loss of earnings during the strikes. The Mobile & N a p o le o n s ........ 3 88 ® 3 95
F ive fr a n c s...¿ ... — 90 ■a — 95
Ohio RR. Co. issues a preliminary report of income for the year X X Reichmarks 4 80 ® 4 90
Mexican dollars.. — 51 ® — 52
25 P s e t a s ....... 4 80
4
Do uncoin’cia l.. ------® — —
ending June 30, 1894, which compares most favorably with Span.eDoubloons. 15 55 0 15 90
®
75
Peruvian s o l s . — 50*a® — 52
the preceding year, showing a surplus ever fixed charges Mex. Doubloons. 15 55 ® 15 75
English s ilv e r .... 4 80 ® 4 90
in 1893-4 of $179,648 against $57,065 in 189 2-3, which has been Fine gold b a rs.... par
prem. U.S. trade dollars — 55 ® — 65
partly owing to the large growth of the traffic in green
State and Railroad Bonds,—The bond market has suffered,
fruits and vegetables. There are many roads which will
soon show an increase in their weekly and monthly state­ from the general depression. Sales of StAe bonds are report­
ments over the corresponding periods of last year, and ed as follows : $5,000 So. Carolina 4%s at 100% ; $14,000 Vir­
although this may be owing in part to the small receipts ginia F. D. 2-3s, 1991, at 58; $15,000 fenn. Settlement 3s atduring the financial crisis, it is still refreshing to have an ex­ 78% and $10,000 No. Carolina 6s at 125%.
Railroad bonds have been dull and featureless through the
hibit of any improvement over a former period.
The open market rate for call loans during the week on week and prices have generally remained steady. Atchison
stock and bond collaterals has been 1 per cent, all the busi­ issues have been most active, 4s closing at 70% and class A at
ness being at that figure. To-day rates on call were 1 per cent. 21%. There have been sales of M. K. & T. 1st 4s at pricesfluctuating a fraction above and below 78 and 2ds within a
Prime commercial paper is quoted at 3 to 3% per cent.
The Bank of England weekly statement on Thursday fraction of 39. Union Pacific issues have received some
showed a decrease in bullion of £362,298 and the percentage attention, with prices steady. A round lot of West Shore
of reserve to liabilities was 6613, against 66'65 last week; the gtd. 4s sold on Tuesday at 103% to 104; , do. registered at
discount rate remains unchanged at 2 per cent. The Bank of 102%; showing a demand for these high-class 4 per cents by
France shows an increase of 17,875,000 francs in gold and some parties, and possibly a willingness to sell currency
bonds by others, as these bonds are not payable in gold,
a decrease of 1,175,000 francs in silver.
The New York City Clearing-House banks in their statement Northern Pacific 1st 6s are bought fairly around 109; Rich­
of July 28 showed a decrease in the reserve held of $3,480,300 mond Terminal 6s have been active at times, closing at 57%
and a surplus over the required reserve of $71,903,725, against and the 5s at 27. There was a little movement in Reading
incomes to-day at firmer prices, based on Philadelphia re­
$74,113,600 the previous week.
ports of a new reorganization plan.
1894.
J u ly 28.
Capital.................
S u rp lu s................
Loans & disc’n ts.
C irculation.......
N et dep osits.7 ...
S p ecie...................
L egal tenders___
R eserve held.......
L egal r e s e r v e ....

Differen’sfrom
Prev. week.

1893.
Ju ly 29.

1892.
J u ly 30.

$
61,622,700
72,145,800
481.633.600
9,871,000
584,019,100
90,642,900
127.265.600
217,908,500
146,004,775

$

$
60.422.700
71,594,800
406,486,200
6,136,200
382,177,100
62,631,900
28.610.700
91,242,600
95,544,275

$
60.372.700
67.439.700
484,933,L00
5,438,500
529,104,100
91.711.700
64,795,600
156,507,300
132,276,025

Deo. i, 009,000
Dee. 109,600
D ec.5,081,700
Dec. 401,900
Dec. 3,078,400
D ec.3,480,300
Dec. 1,270,425

Surplus reserve 71,903,725 D ee.2,209,875 Df. 4301,675 24,231,275

Foreign Exchange.—Owing to a good demand from re­
mitters and limited supply of foreign bills the market has
been strong and quotations high during the entire week,
but with an easier tone to-day. Heavy purchases of raw
sugar are reported as one cause for the demand for gold or




Railroad and Miscellaneous Stocks.—Of stocks, the in­
dustrials continue most prominent. American Sugar has
furnished a large portion of the business of the week, influ­
enced as usual by the reports from Washington, though fluc­
tuating moderately and closing at 105, against 102% last
week, as the latest reports indicate that the Senate bill w ill rbe • passed unless the whole tariff legislation fails.
Chicago Gas has been less active than formerly and
rather steady, closing at 73% against 73% last week. Dis­
tilling & C. F. has been quiet at the lower range of prices,
closing at 18%, against same figures last week. The principal in­
terest in railroad stocks has centered in the grangers, which
have been weak owing to reports of damage to the corn crop
by the continued hot and dry weather in some of the principal
corn States. The bears have not profited much by the un- "
>
favorable features and C. B. & Q. closes at 72%, St. Paul at
58%, C. R. I. & P. at 64. Among the unlisted Am. Tobacco
is selling freely at 88-88% and Nat. Lead at 39

THE CHRONICLE

184

[V o l .

LIX,

NEW YORK STOCK EXCHANGE—AC TIV E STOCKS fo r week ending A U OUST 3, and since JAN. I, 1894.
HIGHEST AND LOWEST PRICES.
Saturday,
J u ly 28.

*71
*62 ia
4914
2106ia
163s
*140
7338

3%
7fi
73
64
49%
108
16%
142
74

5714
118
*103%
*141
65ia
35
117
*35

575s
11s
104
142%
65%
35
117
37

3ia

16
16%
65
‘ 55
133 133
*161ia 163
10
*8
27%
*z7
9%
'8
*12% 16
11
*9 >a
S3
*9034 91%
10
*9
*32
35
*1538 1638
66% 66%
130 130
*8013 88%
45ia 45%
8
*6ia
*22
26%
*1 3a 5
114% 115
*94
95%
*3% 4
*18%
*12% 13
*20% 21%
24
24%
20
*18
97
*12%
*62
*25
13%
14
*181

97
14%
68
28%
13%
14
183

14% 14%
*14
14%
'39% 40
*19% 20
*3% 3%
13% 13%
*15
*13
17
*2%
17%
*10%
*42
14%
*17%

3
17%
12
45
14%
19

Monday,
J u ly 30.

Tuesday,
Ju ly 31.

W ednesday, Thursday,
Aug. 2.
Aug. 1.

Friday,
Aug. 3.

STOCKS.

Sales of
the
Week,
Shares.

Range for year 1894.
L ow est

H ig h est

A c tiv e U K . S to c k s ,
4%, Atchison Topeka & Santa F e.

5,126
3 Ju ly 23 16 Mar. 14
1 % Mar, 28
350 67 Jan. 2 81% Apr. 6
72 Baltimore & O hio.....................
63% Canadian Pacific................ ...... — 700 62% June 11 73% Jan. 18
1,438 47 Jan. 3 52% Mar. 31
48 % Canada Southern.....................
1,541 104 Mav 31 117% Mar. 8
108 Central of New Jersey............
1,090 16 May 21 20% Apr. 7
17 Chesapeake & O hio..................
142
130 Feb. 12
72% Chicago Burlington & Quincy 85,703 71% Aug. 1 84% Mar. 2 Ì
52 June 1 55 Feb. 27
93 May 23
Do
pref.
57% 58% Chicago Milwaukee & St.T?aul 67,422 54% Jam 3 65% Apr. 6
56% 57% 56% 57% 56% 57% 57% 5 7 7r
1,615 116 Jan. 2 123% Mar. 13
Do
pref.
117 117% 117 117 *117 118
117% 117% *117% 118
7,995 97 Jam 3 110% June 7
102% 103% Chicago & N orthw estern.......
102% 102% 102% 103
101% 103% 102% 103
189 135% Jan. 4 145 Apr. 9
Do
pref.
140% 140% *140 142% 141 141% 141% 141 %
141 141
63% 64% Chicago Rock Island & Pacific 36,102 61% Jam 3 72% Apr. 7
64
63% 65% 63% 64% 63% 64% 63
2,150 32% Jam 3 41% Apr. 7
34% Chicago St. Paul Minn. < Om.
&
34% 34
34
34% 34% 34% 34% 34% *34
645 109% Jam 4 116 Apr. 16
111 111 *111 113
Do
pref.
115% 115% *111 113 *111 113
828 31 Jan. 10 41% Mar. 19
35% Cleve. Cincin. Chic. < St. L ...
fc
35% 35% 35
33% 34% *33% 35% *34
35
47 78 Jan 18 88 May 12
80
82
Do
pref.
200 15% Ju ly 11 20% Mar. 31
*1638 16% *16% 16% *16% 16% *16% 16% *16% 16% Columbus Hocking Val. & Toi
*55
65
57% May 23 66 Jan. 12
*55
65
Do
pref.
65
*55
*55
*55
65
65
880 126% July 9 144% Apr. 7
134 134% Delaware & H u d son ................
133 133% 133% 133% *132% 134 *133 134
161% 162
161 162
162 162% 162% 162% 162% 163 Delaware Lackawanna&West 2,450 158 May 21 170% Jam 16
*8% 9%
9% June 6 11% Apr. 16
650 24 June 22 34% Apr. 11
*2638 273s 27
Do
pref.
27% 27% 27% 27% *26% 27%
27
||% Jan. 19
7 July 16
9% *8% 9% E.T.Va.&Ga.,cert. a lla ss’tpd.
*8
9% *8
9% *8
9% *8
*12% 16 Do 1st pref., cert. 111 ass’t pd.
11% June 23 13% June 22
*12% 16
*12% 16
*12% 16
*12% 16
100
*9% 11 Do 2d pref., cert, all ass’t pd.
4% Mar. 28 10% Ju ly 23
*9% 11
*9% 11
10
10
*9
11
51
S3
ft2 *
51
51 July 17
-.51
mo.
*QQ1« 109.
*991« 102
*99% 102
*9913 102
7o7 89 Ju ly 9 95 Mar. 29
91 Illinois C entral..'....................
90% 90% 91
90% 90% 90% 90% *90
91
60
9% Iowa Central..............................
6 Jam 2 11% Apr. 3
9% *9
*9
10
*9
9%
9
9% *9
20 23% Jan. 4 39% Apr. 9
33
33
*31
*32
33
Do
pref.
35
32% *31
33
*31
700 13% Jam 12 17% Mar. 30
163s 15% 15% *15% 16% *15
16% 15% 15% Lake Erie & W estern..............
*15%
107 63 Jam 3 70 Mar. 31
65% 65% *64% 65% *64% 65% 64% 64% 64% 64%
Do
pref.
2,118 118% Jam 3 133% June 20
129% 129% Lake Shore & Mich. Southern
1303s 13038 129 12978 128% 129% 129 129
350 87 May 22 100 Jan. 2
89
f9
88
*86% 88% 88% 88% *86% 89 Long Island...............................
88
7,670 40% Jan. 12 52% Mar. 31
45% 4538 45% 45% 45% 45% 46% 4 6 78 46% 47% Louisville & N ashville............
395
7% 7% Louisv. New Alb. < Chicago.
6 J une 5 10 Jan. 22
6% 6%
8
&
*7
*7
8
*7
8
450 19 July 9 40 Jam 6
25%
23
*23
26
*23
26% *23
Do
pref.
*23
26
26
*1 3o ft
*1
*1
*1
1% Feb. 7
*1
4,434 111% July 31 127% Apr. 26
112% 113 *112% 113 Manhattan Elevated, consol..
113% 114% 111% 113% 112 113
232 94 July 23 100% Feb. 1
95 Michigan Central.....................
94
94
'94
*94
95% 94% 94% 95
95
500
5% M inneapolis & St. L., tr. rects.
3% Ju ly 25 13% Apr. 7
4% 4% *4
‘3% 4
*3% 4
4
4
200 15% Ju ly 20 38% Apr. 9
*20% 22
*20% 22
'19
22
Do
pref. ,tr. rects.
*20
22
20
20
100 12 June 23 16% Apr. 7
*12% 13 Missouri Kansas & T exas___
*12% 13
*12
12% 12% 12% *12% 13
21
1,600 18% June 25 27% Apr. 9
20
20
20
20% 20
20% 21% 20
Do
pref.
20
24% 24% 25% Missouri Pacific......................... 13,025 18% Jam 5 32% Apr. 7
23% 24% 23% 24% 23% 24% 24
850 15% Jam 3 22 May 15
17
17 Mobile & Ohio............................
*17
20
*18
20
20
*18
18
18
70 Jan. 19 74 Apr. 18
1,943 95% May 24 101% Mar. 30
96% 97% 97% 97% New York Central < H udson.
fe
96% 96% 96% 97
13% May 22 16% Apr. 9
*12% 14% *1278 14% *12% 14% *1278 14% “12% 14% New York Chicago & St. Louis
65
115 62 Ju ly 31 75% Feb. 3
*62
*62
65
'62
68
Do
1st pref.
62
62
'6 2
65
n o 25 July 31 34% Apr. 2
*23% 26%
25
*23
Do
2d pr jf
27
27
25
25
*23
25
13% 13% 1338 13% 12% 13% 13% 13% 13% 13% New York Lake Erie & Wes '"n 6,085 11% June 25 18% Mar. 28
200 25% May 21 39% Mar. 27
26% 26% *26% 27%
Do
pref.
820 ||3% May 19 II14% Jam 23
133s 14
13% 13% 14
14% 13% 13% *13% 14 N.Y.& N .E., tr. recs.2dins.pd
178 Ju ly 11 195 Mar. 15
181 182 *181 183 New Y orkN ew H aven& H art.
*181 184 *181 184 *181 184
5% May 24
6 Apr. 26
1,760 14 June 25 17% Apr. ff
14% 14% 14% 14% 14% 14% 14% 14% 14% 14% |Ntw York Ontario & Western
210 13% Ju ly 7 16% Mar. 14
*13% 14% 14% 14% New York Susq. & W est., new .
*14
14% *137e 14% 14
14
1,350 36 May 21 46% Mar. 5
Do
pref.
*39% 40
38% 39% *38% 39% 39% 40% 40% 41
4 Ju ly 3
7% Apr. 3
Norfolk & W estern...................
*3% 4%
190 17% Jan. 19 26 Apr. 9
19% 19%
*19%
19% *19% 20
Do
pref.
*18
*18%
465
6% Mar. 20
3% 3% Northern P acific............ . . ___
3% June 22
*3% 3%
3% 3% '3%
3% *3% 3%
1,119 12% May 21 23% Mar. 30
Do
pref
12% 13
*12% 13% 12% 12% 13% 13% ‘ 13
40
*1ft
40
*15
40
150 10 June 20 30 Mar. 7
20 Oregon R’y & Navigation Co.
*15
*15
20
15
15
*15
20
*15
20
10
4% Jan. 2 10% Apr. 6
4% 4% *3% 4% *3% 4% *3% 4% *3% 4% Oregon Sh. Line & Utah North
500
5% Mar. 31
3 Peoria Decatur & E vansville.
2% Aug.' 2
2% 2% *2
2% 2%
2% 2% *2% 3
4,465 14% May 21 23% Mar. 14
17% 18 Philadelphia & R eading.........
*16% 17%
17
17% 17
17
17% 17
10% Ju ly (2 15% Apr. 6
* 10% 12
*10% 11% *10% 11% *10% 11% *10% 12 Pittsburg Cinn. Chic. & St. L.
45
42 July 20 53 Apr. 7
*42
*42
Do
pref.
45
*42
45
*42
45
*42
45
5,933 ||2 Jan. 15 14% Aug. 2
14% 14% 14% 14% 14% 14% 14% 14% 14% 1 4 78 R.&W.P. Ter.,tr. r.5th a sstp d
200 12% Feb. 7 18% Apr. 6
18%
Do
pref. tr. rects.
18% *17%
*17% 19
*17% 18% *17% 18% 18
15 Feb. 1 15 Feb. 1
Rio Grande W e ste r n .............
3%

*71
*62%
48%
106%
lb%
*14-0
7238

3%
3%
7Q
73
*71
63% *62%
49% • 48%
106% *106
16% *16%
149 *140
73% 72%

4

73
63%
48%
107
17
14.2
73%

3%

69%
*63%
*48
*105%
16%
*140
71%

4

70%
63%
49
106%
16%
142
72%

4
3% 4%
7g
*5g
*70
*69
71
63% 63% 63%
*48% 49% 48%
108
107% 108
16% 16% lb
*140
*140 142
71% 72% 72

.

3% St. Louis Southwestern. .*.....
*3
7
*6
Do
pref.
27 Ht. Paul & D uluth......... .
*22
95
*85
Do
pref.
*101 104% St. P aul Minn. & M anitoba...
17% 17% Southern Pacific Co..................
8% 8% Texas & Pacific.........................
4% Toledo Ann Arbor & N. Mich.
*4
*34
35 Toledo & Ohio Central............
75
*69
Do
pref.
8 Union P acific............................
8
3 Union Pacific D enver & Gulf.
*2
6% 6% Wabash........................................
13% 13%
Do
pref.
10 Wheeling & Lake E rie............
10
35% 36%
Do
pref.
*1% 2% Wisconsin Central Company.
M is c e lla n e o u s S to c k s.
27 American Cotton Oil Co.........
27
*26% 27
26% 26% 27
*26% 27% *26% 27%
27
Do
pref.
70
*68% 70
70
70
70
*69
70% *69% 70% 70% 70%
102% 1033a 103% 1053s 103% 104% 103% 104% 102 10 4% 103 105% American Sugar Refining Co.
Do
pref.
94% 94% 94% 94
93% 93% 93% 94% 94
94 > 94% 95
a
88% American Tobacco Co.............
87% 8 8 's 88
87
87
89
88% 88% 88% 88% 88
Do
pref.
105 105 *103% 105
102 102
104%104% *103 105 *102% 105
73% 73% 73% 73% 73% 73% 71% 73% 72% 73% 72% 73% Chicago Gas Go., trust rec’t s . .
*6% 7% *6% 7%
7
7
'6% 7% * *6% 7% * *6% 7% Colorado Coal & Iron D evel..
25
25 Colorado Fuel v Iron............
*23% 26
25
*23% 26
25 *
120 120% 111 117 *112 115
115% 115% 116% 117% 119 119% Consolidated Gas Com pany..
19 Distilling & Cattle Feeding Co
183s 18% 18% 19
18% 19% 18
18% 19
18% 19
36% General Electric Co..................
36% 36
35% 35% 35% 35% 35% 36
35% 35% 36
38% 38% 39 National Lead Co......... ...........
381g *37% 30
38
*37% 38% 38% 38% 38
83
Do
pref.
84% 83
82% 82% 82% 83
83
83
*83 ‘ 84% *83
3
3
2% 2 *
31$ 31$ *278 SIg *27a 3% North American Co............ .
*2% 31$
14
*12 ,, 14
*11% 13
13 ” *11% 13 Oregon Improvement Co____
*12
11% 1 2" *12
1438 14% ‘ 14% 15% **14% 15% *14% 15% *14% 15% *14% 15% Pacific M a il.............................
*
81 1«
80 Pipe Line Certificates______
80% *
fiOki *
81% *
80 *
157% 157% Pullm an Palace Car Company
157% 157% 157 158
155% 155% '1 5 6 159
*157 158
Stiver Bullion Certificates___
*17
17% 17% 17% *17% 18
18
17
17% 17% 17% Tennessee Coal & Iron.............
*17
Do
pref.
21% 21% United States Cordage C o ....
20% 21
20% 21
20% 20% 21
21
21
21
Do
pref.
36
*34
36
36
*33
36
*30
35
*30
35
35
35
35 (mlted States Rubber Co.......
34
*32
34
34% 35
34
34% 343e 33% 33% *33
84% 84% 84% 84% 84% 84% 84% 84% 85% Western Union T elegrap h ....
84% 84% 84
jü j* These are bid and asked: no sale made.
t Old certificates.
1 2d assessm ent paid.

3% 3% *3% 4%
638 638
17
7
26
*23
*22
20
'85
95
*85
95
*101 104% *101 104%
17% A778 17% 18
838 8%
8% 8%
*4
*4
4%
34
*33
34
35
*69
*69
75
75
7% 8*4
7
7%
*2% 3
*2% 3
6% 6%
6
6
13% 13% 13% 1338
9
9% 10%
10
3i
36%
35% 34
¿*1% 2% *1% 2%




3
3
*6% 7
*23*85
95
*101 104%
17% 18
8% 8%
*4
4%
*34
35
*69
75
738 7%
*2
3
*6
6%
13% 13%
10
10%
36% 36%
*1% 2%

*2% 3%
*6
7
*22
27
95
*85
*85
95
*101 104% *101 104%
17% 17% 17% 17%
8
8%
8
8%
4%
*4
4% *4
35
*33
3 5 ^ *33
*69
75
*69
75
7% 8
7% 7%
*2
3
*2
3
6%
*6
6
6
13% 13%
*13% 14
10
10
9%
9%
35% 35% 35% 35%
2% 2%
*1% .........
3%
*6

3%
7

550
210

3 Ju ly
7 July
22% Jan.
88 Jam
100 Jan.
2,010 17% July
930
7 Jam
3% July
ÏO0 34 Ju ly
75 Jam
7 Ju ly
6,155
3% Ju ly
5% July
457
987 12% Jan.
1,220 I 9 Ju lv
1,966 1 32% July
200
1% July
254
138
204,808
3,460
6,175
140
34,672
40
6,776
23,575
6,917
3.41C
'25
175
300
50
533
1,300
3,732
13
560
10,013

31
11
18
8
6
23
2
10
28
2
30
23
10
2
27
27
23

5% Apr.
11 Apr.
27 Apr.
95 Mar.
107 May
25 Mar.
10% Apr.
11% Apr.
38 Jam
75 Jam
22% Mar.
6% Mar.
8% Apr.
18% Apr.
13% Apr.
51% Apr.
8% Apr.

5
5
23
29
5
14
5
3
30
2
31
29
6
9
62
2

26% Mar. 2 32% Mar. 30
63 Jan. 2 76 May 3
75% Feb. 1 109% May 4
79% Jan. 2 97% May 5
69% Jan. 2 94% Apr. 12
91% Feb. 16 105 June 25
58% Jan. 3 30 June 25
5 June 26 13% Apr. 4
21 Jam 3 27% Apr. 4
111 Ju ly 30 140 Apr. 20
17% Ju ly 25 30% Feb. 6
30% Jan. 3 • 45% Mar. 8
22 Jam 2 4238 Apr. 30
68 Jam 2 88% Apr. 30
5% Mar. 17
2% June 28
11% Aug. 1 17% Apr. 2
13% May 15 19 Jam 30
79 Jam L5 90% June 9
152 July 9 174 Apr. 13
64 Apr. 26 67 Jan. 20
14% Jan. 3 20% Mar. 6
62% May 2 71 Apr. 2
15% May 19 23% June 18
33 May 18 41 June 19
33% May 22 43 Apr. 5
80% Jan. 3 37% Mar 6

THE CHE0N1CLE

A ugust 4, 1894.J

185

NEW YORK STOCK EXCgANGE PRICES (Continued )-JiV4G2YP£7 STOCKS.
Aug. 3.

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

Bid.

ITIndicates unlisted.

Range (sales) in 1894.

Ask.

Lowest.

I n a c t iv e

Highest.

R a i l r o a d S to c k s *
Albany & Susquehanna......... ..1 0 0 167 175 I f 6 July 176 Apr.
Belleville & South. 111. pref...... 100
135 Mar. 135 Mar.
Boston & N. Y. Air Line pref ..1 0 0 100
100 June 100 June
9% 11% 10 July 17 Feb.
Brooklyn Elevated U............. ...1 0 0
Buffalo Rochester & Pittsburg. 100
23
20 Jan. i 24% Apr.
Preferred....................................100
62
61 Apr. 61 Apr.
Burl. Cedar Rapids & N o r ......100 491«
50% Feb. 52 Apr.
Central Pacific........... .................. 100 11
10 % June 17 Mar.
50 150
Cleveland & P ittsburg.........
147 Jan. 154% May
6
Des Moines & Fort D o d g e ......1 0 0
5% Jan.
7% June
P referred ..:.....................
100 27
14 Jan.
33 July
4
Duluth So. Shore & A tlantic T .100
i
5% 4% July
8 Apr.
13
Preferred il........... ., ..................100
17
15 Jan.
19 Apr.
F lint & Pere Marquette..............100
14 Apr. 16% Apr.
Preferred.................................... 100
44% Apr. 45 Mar.
Georgia Pacific Trust ctfsff___100
5%
Gr. Bay Win. & St. P. tr. reo___100
5% 4 Jan.
7% Mar.
Preferred trust rects..............100
H ouston & Texas Central......... 100
2% Jan.
3% Apr.
Illinois Central leased lin es___100
86% Jan. 92 July
Kanawha & Michigan.................100
7% June
714
9% Apr.
Keokuk & D es M oines................ 100
Preferred.....................................100 13
12 ja n .
13 ju n e
14% 14% 12% June 22 Apr.
L. I. Traction IT..................................
Louisv. E vansv. & St. L. Cons. 100
5 Feb.
6 Feb.
Preferred................................... 100
Mahoning Coal............................. 50 93
Preferred.................................... 50
107 Mar. 107 Mar.
Metropolitan Traction]!............ 100
112 July 120 May
Mexican Central....................... 100
6% Feb.
8% Apr.
Mexican N ational........................ 100
Morris & E sse x ............................ 50
148 Jan. 157 May
N. Y. Lack. & W estern............... 100
110% Jan. 114% June
Norfolk & Southern.....................100
51 Jan. 59% Apr.
3
Peoria & Eastern......................... 100
5% 4% Feb.
6 Ju ly
Pitts. Ft. Wayne & C h icago....1 0 0 150
149 Jan. 154 May
Pitts. & Western p f..................... 50 20
26
20 July 29% Apr.
Rensselaer & Saratoga...............100 177 182 172% Feb. 180 Apr.
Rome Wat. & Ogdensburgh___100 111 113 109% May 114 July
* No price F rid ay; la test price this week.
t A ctual sales.

f% Indicates actual sales.)
Aug 3.

stock s.

1 Indicates unlisted.
T

Bid.

1Range '(sales) in 18S4.

Ask.

Lowest.

it. Louis Alton & Ter. H au te...100 23
33
20 Jan.
Preferred .................................. 100 165 180 150 Mar.
Southern Ry.—when issu e d lf.........
10
11
Preferred
do
do i f .........
33% 34% 34% ju ly
Toledo Peoria & W estern.......... 100 .. . . . . ...... 15 Apr.
Toledo St. L. & K ansas City IT
.........
1
3
2 Mar.
M i s c e l l a n e o u s S to c k s *
Adams E xp ress.............................100 14S 152 148 May
American Bank Note Co IT
...............
47
49
American E xp ress.......................100 110 111 108 July
Amer. Telegraph & C ab le......1 0 0 89% 91
85 Feb.
Brunswick Company.................. 100
2% 4% 3 June
Chic. June. Ry. & Stock Yards. 100 .........
96 Apr.
.......
P referred.......................
100
Colorado Fuel & Iron, pref....... 100
72
50 Jan.
Columbus & H ocking C oal....... 100
4% Jan.
Commercial Cable............ . . . . . . 1 0 0
Consol. Coal of M a r y la n d ...... 100 27%
Edison E lectric Illum inating.. .100 93
97
93 Feb.
Interior Conduit & Ins. C o........100
55
36 Apr.
Laclede G as................................... 100 Í 17
15 Jan.
Preferred....................
100 Î 68%
59 ja m
Lehigh & Wilkesbarre Coal 11.........
22 May
Maryland Coal, p ref.................... 100 40
55
M ichigan-Peninsular Car C o.. .100
Preferred.....................................ICO
47% ju n e
Minnesota Iron.............................100
45 Feb.
National Linseed Oil Co............ 100
13% 20
16 Feb.
National Starch Mfg. Co............100
6
10
7 Ju ly
New Central Coal..........................100
6
9
7 Feb.
Ontario Silver M ining.................100
8
10
6% Jan.
P ennsylvania C o a l...................... 50 300 325 2 .8 Feb.
Postal Telegraph—Cable IF..............
50
60
Quicksilver M ining...................... 100
2% 3
1% ja n .
Preferred............................... ...1 0 0
12
18
15 Feb.
Texas Pacific Land T rust......... 100 .. . . ........
7 % Jan.
U. 8. E xp ress................................ 100 Í 53
U. S. Leather preferred 11................
55
56
52% June
U- S. Rubber preferred...............100 Í 90%
80 Jan.
W ells, Fargo E x p r e ss................ 100 114 117 109 July

Highest.
35 Apr.
167% June
34% j u ly
17 Apr.
2 Mar*
154% Jan.
116 A pr,
90 Jan.
5 Mar,
97% Apr
70 Apr]
9% Apr
150 Ju ly
31 Mar.
104 Apr
55% Muy
18% Apr]
73 Apr
22% May
59% Febl
52 Mar!
25 Jan.
11 Mar !
8% Mar.
12 May
315 J u n e
3 Feb.
17% Mar.
10% Apr.
57 Jan.
68% Apr]
95 J u n e
128 Jan.

«EW YORK STOCK EXCHANGE PRICES.—STATE BONDS AU G U ST 3,
SECURITIES.

Bid.

Alabama—Class A, 4 to 5 .. -.1906 97
Class B , 5 s ......................... ..1 9 0 6 100
Class C, 4 s .......................... ..1 9 0 6 92%
Currency funding 4 s ....... ..1 9 2 0 92%
Arkansas—6s, fund, H oi.1899-1900
3
do. Non-Holford 150
1
7s, Arkansas Central RR
» *914 110
100
New êonols. 4 s................... . 1914 94

Ask.
102
94
12
12
97

SECURITIES.

New York City Bank Statement for the week ending
July 28,1894. We om it two ciphers (00) in all cases.
BANKS.

(00s omitted.)
Bank of New York.
Manhattan Co.........
Merchants’. . . . ........
Mechanics’........ —
America....................
P hen ix ....................
City...........................
Tradesmen’s . . . . __
Chemical.......... . .
Merchants’ Exch’ge
Gallatin National...
Butchers’& Drov’rs’
Mechanics’ & Trad’s
Greenwich...............
Leather Manufac’rs
Seventh National...
State of New York.
American Exch’ge..
C om m erce........ . . .
B roadw ay..............
Mercantile..___ . . . .
Pacific......................
Republic........ . . . . . . .
Chatham. . . . . . . . . . . .
People’s....................
North America.......
H a n o v e r .............
Irving....................
Citizens’. . . . ....... . . . .
N a s s a u ....... . . . . . . .
Market & F ulton...
Shoe & Leather.......
Com Exchange.......
Continental..............
Oriental
Importers’ & Trad’s
Park............
East R iv e r ....... . . .
Fourth National.__
Central National....
Second National....
Ninth N ational.....
First N ational......
Third National... . . .
N.Y.Nat. Exchange
Bowery.....................
New York County..
German-American..
Chase National.......
Fifth A v en u e........
German Exchange..
G erm a n ia............
United States..........
Lincoln................... .
Garfield....................
Fifth N ational__
B a n k o f t h e M e tro p

West Side...............
Seaboard
.....
Sixth National........
Western National..
First Nat., B r ’k ly n .
Southern N a tio n a l..
Nat. U n io n B a n k ....

L ib e r ty N a t. B a n k ..

T otal...— ........




Bid.

$
2,000,0 2.060.9

2.050.0 1.931.3
2, 000,0 1,018,2
2 , 000,0 2.121.3
3.000. 2.249.5
0
1 000
0
465,9
1,000,0 2.805.1
760.0
155.0
300.0 7.233.2
600.0
161,8
1, 000,0 1.592.2
300.0
273.6
400.0
410.4
200.0
168.1
600,0
546.0
300.0
120.0
1.200.0
498.1
5.000. 2.291.5
0
5.000. 3.669.3
0
1.000. 4.601.3
0
1,000,0 1.136.9
422,7
470.8
1.500.0
969.8
450.0
958.0
200.0
318.2
7C0,0
642.4
1 000,0 1,911,0
500.0
345.8
600.0
428.3
500.0
286.0
750.0
798.7
1,000,0
264.2
1,000,0 1.247.2
1,000,0
240.9
300.0
419.2
1.500.0 5.652.2
2,000,0 8.120.4
250.0
140.6
3.200.0 1,995,7

. .

,

Loans.

Specie, Legáis. Deposits,

14.390.0
12.641.1
9.470.5
10.132.0
19.057.7
4.551.0
21.503.8
2.392.2
26.487.0
3.742.6
6,3ul,l

2.360.0
2.413.0
1.693.2
1.399.0
1,842,4
622,0
6.802.2
382.8
6.761.1
795.2
1,203,3
112,1
375.0

1.633.4

2.105.0
1.142.7
2,980,9
1.751.4
3.227.1
21.248.0
22,995,4
5.827.8
7.883.0
1.907.9
11.860.1
5.136.4

2.250.6
5.288.9
17.346.8
2.661.0
2.607.4
1.865.6
4.736.7
3.283.0
7.646.5
4.850.2
1.803.0
22.098.0
24.024.0
1.055.9

121,6

504.6
270.4
94,2
2,228,0
2.965.6
1.017.8
1.552.0
588.9

1.866.0

1.135.1
227.4
1.046.7
4.555.1
601.3
635.4
591,2
594.9
494.0

1,6*3,3

1.042.9
235.0
4.362.0
4.842.0
129.7
4.723.6
425.0
931.0
793.0
2.825.1
1.628.1
93|1

20.918.2
559.0
8.448.0
300.0
566.0 3.359.0
750.0
382.2 3.882.2
500.0 7.243.6 24.614.0
1,000,0
206.0 8.314.4
300.0
138.0 1.343.0
250.0
551.6 2.581.0
452.0
200.0
664.7 2.820.5
963.7
750.0
302.4 2.612.3
575.0
500.0 1.136.6 13.629.2 4,801,1
100.0 1.029.6 5.861.8
898.7
200,0
604.1 2.646.4
265.7
200,0
602.5 2.865.9
497.7
500.0
519.9 5.145.4 1.248.6
300.0
516.4 5,478,7 1.601.6
200.0
528.1 3.925.1
859.1
200,0
316.3 1.809.6
227.2
300.0
719.2 4.498.6
793.5
200.0
294.5 2,262,0
247.0
600,0
240,1 4.376.0
999.0
200,0
343.4 1.865.0
267.0
2 .100.0
190.7 10.497.3 1,888,7
300.0
862.8 4.509.0 1,064,0
6«'0,0
683.4 2.118.1
136.0
1,200,0
259,8 7,817,0 1.124.9
500.0
81,6 1.356.4
260.3
2, 000,0

$
5.450.0
3,777,(
3.858.4
3.019.0
6.561.8
1.749.0
3.483.7
300.9
8 ,393,2
764,4
1.808.9
507.2
605.0
163.6
671.2
254.3
466.0
5.313.0
5.975.1
1,011,0
2.281.2
1.132.4
3.935.7
2 ,002,6
627.0
1.161.8
4.708.4
6 41.6
645.3
944.4
1,084,1
794.0
1.853.0
1.489.1
450.0
7.13 7 .0
4.634.7
223.1
3.950.7
7.04 7 .0
2.272.0
623.5
3.362.2
1.842.1
338.9
4 6 8 .0
321.2
798.5

N. York.

■Tune 3 0 ...,
J u ly 7 ...
1 8 .420.0
*• 1 4 ...,
15.8 5 4 .0
“ 21....
13,189,6
“ 28....
11.086.0 Boston,*
2 3 361,4 J u l y 1 4 . . .
5.50 7 .0
“ 2 1 ....
27.965.4
“ 2 8 ....
2.427.5 Phlla.*
3 4 .042.0 J u l y 1 4 ....
2 i ....
4.51 8 .5
6.81 1 .3
' 2 8 ....
1.785.1
W e o m it
2.50 5 .0
1.080.3 d e lp h ia t h e

Ask.

Bid.

C apital ¿
le
S u rp lu s.

L o a n s.

Specie.

131,727,1
133.768.5
13 3,768,5
133.768.5
133.788.5

470.044.1
4 8 3 .7 5 3 .5
482.730.2
4 8 2 .6 4 2 .6
4 8 1 .6 3 3 .6

92,488,4
9 1 .223.0
9 0 .8 3 5 .0
91.0 4 4 .8
90.612.9

Legáis. D eposits, t Clrc’Vn Clearings.
1256514
1 2 8 0813
1304875
1303440
1272658

5 7 3 .1 3 7 .8
5 8 8 ,6 9 8 .3
5 8 9 ,5 2 4 ,5
5 8 9 .1 0 0 .8
5 8 4 ,0 1 9 ,1

9 ,688,0
103347
10U 88
9,980,6
9,87 1 ,0

4 1 4 ,3 6 4 ,7
4 6 8 ,5 6 1 ,G
4 4 8 ,7 7 6 ,7
4 1 8 ,7 4 0 ,5
3 8 7 ,7 9 0 ,4

6 9 .351.8 173.820.0 11 .010.0 10,186,0 1 7 1 .9 0 9 .0 7,207.0
6 9 .351.8 171.958.0 10,894,0 10,602,0 168.884.0 7.18 8 ,0
6 9 .351.8 172.457.0 11,091,0, 1 0 ,5 1 8 ,0 1 6 7 .4 8 0 .0 7,173,0

8 3 ,8 3 2 ,B
7 5 ,5 4 3 ,9
6 7 ,3 0 9 ,9

35.810.3 108.863.0
35.810.3 109.457.0
3 5 .810.3 109,584,0]

3 7 .9 8 4 .0
123.6 6 9 .0 5,121,0 5 8 ,4 3 8 ,3
3 7 .9 9 4 .0
1 1 7 .6 3 3 .0 5,213,0 6 8 ,4 4 8 ,6
3 7 .6 2 3 .0
1 1 7,626 0 5.2 "9 ,0 ) 5 3 ,1 8 0 ,1
tw o ciphers i n all these figures. t Including for Boston and Phlla
ite m “ d u e t o o t h e r b a n k s .”

2.973.0

2.02 0 .4
2.407.3
2 0 .257.0
2 2 .639.4
5.976.5
9 .4 0 3 .3
3.341.5
15,671,3
6.810.3
3.20 2 .4
6 .096.6
2 3 .705.0
3.13 1 .0
3 .416.3
2.923.4
5 .1 5 7 .6
4 .047.0
9.525.3
6.921.5
1.87 0 .0
2 7 .719.0
29.4 9 2 .9
968,5
2 5 .732.6
) 4 , 115,0
6.313.0
4.58 0 .3
23.757.9
10.567.7
1.36 0 .9
2 .9 2 7 .0
3.610.4
2 .9 9 6 .4
2.194.9 18.928.0
1.120.3
6.80 3 .7
538.7
3 .0 8 6 .0
486.1
3 .605.4
1, 102,6
6 .8 9 0 .9
674.1
6 .7 6 2 .8
654.8
4 ,9 5 1 :6
310.6
2 .037.7
1 102.1 5 .934.4
802,0
2 .8 4 2 .0
5 .6 6 2 .0
944.0
451.0
1.735.0
2,406,2 12,461,2
5 07.0
4 .9 4 3 .0
820.2
2.27 8 .5
1,858,6
9,35 6 .3
490,5
1 .652.8

Miscellaneous and Unlisted Bonds.—Stock Ex, prices*
Miscellaneous Bonds.

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

Miscellaneous Bonds.

P e o r ia W a te r C o .— s, g . . . .
6
P le a s . V a lle y C o al — s t g . 6 s
1
P r o c t e r & G a m b le —1 s t g . 6 s I l l b .
S u n d a y C re e k C o al 1 s t g 6 s..
97 b.
U . S. C o rd a g e —1 s t col. g ., 6 s .
80 b.
U 8 . L e a th e r —S. f . d e b ., g., 6 s 108 % h.
W e s te r n U n io n T e le g . —. . . . 1 0 9 b .
W h e e l.L .E & P .C o a l- 1 s t g ,5 s
70 a.

Unlisted Bonds.

A la . & V ic k s.—C onsol. 5 s , g .
A m er. D eo . Co. co l. t r . 5 s . . .
C o m s to c k T a n n e i —I n o . 4 s . .
G eo. P a c —1 s t 6 s g. o t f s .........
2d m o r t. in c o m e . . . . . . . . . .
C o n so l. 5 s, g. o t f s . . . . . .
.
I n c o m e 5s. c t f s . . . . . . . . . . . .
M em.<feCharleaton—C o n . 7 g.

N o t e .— 6 ” indicates prioe b i d ; “ a " price asked
“

4% b.

102%b.
11 %b.

10 b.

* Latest price this week

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

A m e r i c a .......
A m . E x o h ...
B o w e r y .........
B ro a d w a y ...
B n tc h s ’& U r.
C e n t r a l .........
C h a s e .............
C h a th a m .......
C h e m ic a l___
C i t y . . . . . ........
C itiz e n s ’........
C o lu m b ia . . .
C o m m e rc e . . .
C o n ti n e n ta l.
C o rn E x c h ..
D e p o s it.........
E a s t R iv e r ..
1 1 th W a rd ...
F if th A v e ....
F i f t h . . . ..........
F i r s t . . ...........
F i r s t N., S . I .
1 4 th S ti e e t .
61,622,7 72,145,8 481,633,6 90.642.9 1272656 584.019.1 F o u r th ........

.

SECURITIES.

South Carolina—4%s, 20-40.. 1933 100 100 %
6s, non-fund.............................1888
2%
1%
T e n n essee -6 s, old......... 1892-1898
60
6s, n ew b o n d s......... 1892-8-1900
60
do
new series................ 1914 60
Compromise, 3-4-5-6s........... 1912 70
3 s ................................................1913 77% 78%
Virginia funded debt, 2 - 3 s ...l9 9 1
57%! 58%
6s, deferred b o n d s ......................
6% 7%
6s, deferred j ^ t reo’ts, stam ped.

New York City, Boston and Philadelphia Banns:
BANKS.

Capital Surplus

Ask.

vilssouri—Fund.....1894-1895
100
North Carolina—6s, old........... J&J
Funding a ct............. ............... 1900
New bonds, J & J ......... 1892 1898
Chatham R R ...................................
2%
Special ta x , Class I .......................
2%
Consolidated 4 s ......................191Ó 98
6 s .....................
1919 124%
Rhode I s la n d 68, c o u ..1893-1894. .............. .

B id .
190
150

A sk .

..... 1 .5. i. . .

125
160
118
450
360
4 100
427
140
175

120

282%
25
1 40
2 JO
¿000

2500
115
192

BA NK S.

210

G a rfie ld .........
G erm an A m .
250
G e rm a n E x ..
G e r m a n i a ....
124
G r e e n w ic h ..
H a n o v e r .....
100
H a l . R iv e r ..
4800 I m . & T r a d ’s ’
Irv in g . .....
16Ó " L e a th e r M is ’
..
L in c o ln ........
180
M a n h a t ta n ..
M a rk e t* Ful
288
M ech an ics’ ..
M’o h s ’ & T r s ’
160
M e r c a n t ile ..
v ie rch an cs’. .
v te ic h ’t s E x
....
d v t r o p o l i s ..
'Lb. M o r r is ..
125
£ a r r a y H ill
fa s a a u . . . . . .
’ >«r VO-*
198'.

.....

B id
300

A sk .
325

115
300
150
310

325

525 550
140 150
190 210
525
185%
210 215
175 180
UO
170 190
130
140
109 120
120
465
150

T

160
<i 5

187

•220

BANKS.
N. V . Co’n ty
N .Y . V at. (fi*.
N in th ...........
19 t h W a rd ..
N. A m e ric a .
O rie n ta l . .
P a c i d o .. . . .
P a r k ... . . . .
P e o p le ’s . .
P h e n tx ., . . .
c daee i s .
’ro
R e p u b lic ....
S e a b o a rd . . .
S eco n d . . . .
S e v e n th
S h o e * L e’tu
S t 'f ic h o .* <
.
S o u th e r n Á
Scaoeof f ’ V.
.
r i l r d . ...r
Tea Lei n ’u
U tl’d •id*'.«
V *<c*rt

B id . (A s k
500
110

117
i 25
40
l j
270
266
115

*
ï i r
125
165 *
240
295**
........J
120

155
170
iOJ

165

105

115

1.20

152
106
175
10

108

11 2

90
117

188

T H E

\you Lix,

C H E 0 N 1 C L E .

BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES
ÖP* S h a r e P r i c e s — n o t P e r O e n t n m P r i c e s .

Active Stocks.

Saturday,
Ju ly 28.

T Indicates en listed .
Atoll. T. & S. F e (B oston).100
A tlantic & Pao.
“
100
’Baltim ore & Ohio (B a it.). 100
1st preferred
“
100
2d preferred
“
100
Baltim ore Trac’n.(P h il.). 25
B oston &Albany (Boston) .100
Boston & L ow ell “
100
B oston & Maine
“
100
■Central of Mass.
“
100
Preferred
**
100
Ohic.Bur.&Quin.
“
100
Ctdo. Mil. & St. P . (P h il.).100
Chic. &W.Mich. (Boston) .100
Cleve. & Canton
“
100
P refe rred ....
“
100
Fitchburg pref.
“
100
H ont. & Br. Top. (P h ila,). 50
Preferred
“
50
Lehigh V alley
“
50
Maine Central (B oston).100
M etropoliten Tr&o.(Phil) .100
M exican Cent’l f .Boston) .100
N .Y .& N .E ,tr.rec.6 “
100
Preferred ,tr.rec.§ “
100
Northern Central (B a lt.). 50
Northern Pacific (P h ila .).100
Preferred
“
100
Old C o lo n y .... (Boston). 100
P en nsylvan ia.. (P h ila .). 50
Philadel. & Erie.
“
50
Phila. ¿ R ea d in g
“
50
Philadelphia Trac. “
50
■dammit Branch (Boston). 50
Union Pacific
“
100
U mted Cos. of N. J .(Phila.) 100
WesternN.Y.&PafPAiZa.j.lOO
m is c e lla n e o u s S to c h « .
Am .Sag’rRefi.n.H (Boston).......
Preferred.........
“
....
B e ll T eleph on e..
*•
100
Bost> & Montana
'
25
B atte & B o sto n ..
“
25
Calumet & H ecla
“
25
Canton Co........... (B a ltJ .1 0 0
■Consolidated Gas
“
100
E rie Telephone (Boston). 100
“ eneral E lectric.. “
G
100
Preferred........... “
100
Lamson Store Ser. s
50
L ehi’h Coal&Nav. 'P h il.) 50
N.Eng. Telephone (Bost’n) 100
North Am erican. (P h il.). 100
W estE ndL and. (Bost’n) . . .
§ 2d instalm ent paid.

14% 14% 14% 14%
206 206
206 206
’190 192
191 191
’147 ......... 147% 147%
* 10 % 11
*10
11
7338 74
57*4 57%

102% 103% 103% 1053g
94% 94% 94
94%
197% 197% 197% 198
2 2 % 22 % *22% 23
8% 8%
8% 8 %
'275 278
277 277%
*76
78
*65
65% *65
66
"45% 46
46
46
*35% 36% 35% 35%
*60
64
60
60
*20% 22
51
51
51%
*62
*63" 63

Wednesday,
Aug. 1.

Thursday,
Aug. 2.

Friday,
Aug. 3.

Sales
of the
Week,
Shares.

Range of sales in 1894.
Lowest

H ighest

6,376
31316
3% 3i5ie
3% Ju ly 23 16% Mar. 29
3% 4
4%
1
1
.........
1
50 62% Jan. 5
%
1% Mar. 14
*70
71
32 67% Jan. 4 81 Apr. 9
*70
72
"70" 70
'125
125 Jan. 17 129 Apr. 19
115
108 Jan. 3L 119 May 12
14% 14%
2,035 13% June 30 17% Apr. 9
14% 14% 14% 14% 14% 15
205% 206% 206% 206% 206% 206%
58 198 Ju ly 2 212 Apr. 30
206 206
191 191
191 191
101 182% Jan. 10 191 J u ly 19
191 191
191 191
149% 143%
216 126 Jan. 15 150 Apr. 17
147% 148
143 148
148 148
* 10 %
11
*10
11
10% July 24 14% Mar. 10
* 10 %
11
*10
11
46% 46%
*46% .......
100 46 Jan. 3 49 Mar. 14
72% 733s 71% 72% 71% 72% 71% 72% 19,621 71% Aug. I 84% Mar. 21
56% 57% 56% 57% 57% 57% 57% 58% 15,600 54% Jan. 3 65% Apr. 6
15
15
11 10 June 7 25% Mar. 13
-10 ......... *11 ......
•50
•45 June 6 •50 Jan. 3
2
2% Jan. 16
2 Feb
69
69
69% 68% 69
165 66% June l 81 Feb. 7
*69% .........
68
*31
33
'......... 34
3*
*31
34
33
7 29% Apr. 25 35 Jan. 10
50
*49% 50% *49%
33 47 May 7 52 J u ly 11
50% 50% 50
738 36 May 21 42% Mar. 13
37% 37% 37% 37% 37% 37% 37% 37%
112 112
117 101 Jau. 16 114 Apr. 5
110 ......... 110 111
116 118%
117% 117% 116% 116% 116 116
965 x96% Jan. 6 122 Apr. 12
7
7
734
6% 6%
6%
7
6% 7
9% Apr. 3
5 58 Jan. 2
*14
12% 13% *13% 14
210 Î3% May 19 U4% Jan. 23
*14
15
15
48
48
*43
48
*43
48
*43
48
43 24% Mar. 20 48 Aug. 3
67% 67%
67% 67% *67 .........
75 66 July 17 68% Feb. 23
3% 3%
*3% 3% *3% 3%
3% 3 ^
6 % Mar. 21
762
3% June 23
200 12% June 25 23% Mar. 31
*13
13% *13% 13%
*13
13% * 12 %
180 180
180 180
180 180
180 180
62 170% Jan. 2 180 June 11
49
49% 48% 49
48% 49
1,763 48 Jan. 5 52% Apr. 7
48% 49
*19 ......... *15%
*15% ......... *19
2 L%Jan. 20 28% Feb. 1
85g 8»16 8 V
8%
9
13,944
7% May 21 11% Mar. 12
8 V 8t%
8?.6
6,230 t83% Ju ly 2 115% Apr 11
2
96% 95% 93
96% 96% 96 * 96% 96
6%
6%
7% Mar. 5
4
4% May 24
7% 738 *7% 7%
6% Ju ly 3 > 22% Mar. 31
7% 738
7% 8% 2,830
’231%
'231% ......... '231% 232
'231%
227% Mar. 21 234 June 19
2%
2% 2%
2 % Jan, 26
2%
% Ju ly 1?
263

103%104%
94
94%
198 198
*22% 23
*8% 8%
*277 .........
*......... 79
*65
65%
*45% .........
35% 35%
61
61
* 20 %

22

50% 51
*61 . . . .
3% 3%

Bid.

Ask.

83
258

104% 103% 105% 29,745 75% Jan. 24 109% May 4
94% 95
94
1,414 79 Jan. 3 97% May 4
198
198 198
106 163 Feb. 26 204 June 23
23
24%
23
320 22 July 21 29 Apr. 5
8%
8 % 9% 1,040 7% Ju ly 23 11% Apr. 9
8%
'278
'277
11 265 June 22 302 Jan. 18
77% 77% *77
78
50 66 Jan. 18 80 July 2
65% 65% 65% 65%
145 53% Jan. 3 66% Apr. 8
46
*46
47
240 42 Feb. 21 48 June 6
363s 36% *36% 36%
824 30% Jan. 3 45% Mar. 8
61
64
*61
61
20 56 Jan. 4 75 Mar, 8
21
20% 20%
21
85 12% J an. 2 26 Apr. 7 7
50% 51
50% 50%
161 50 May 23 55 Mar. 11
63% 65
65
63
112 49 Feb. 28 65 Aug. 3
5% Mar. 19
2% June 27
100
*2%
2%
2%
50 i 1% July 3 12% Mar. 20
1 E x rights. ; Î Old ceits

103% 104%
943s 95
197% 198
23
23
*8%
8%
278 278
*76% 79
6538 65%
*45% 46%
*3538 35%
64
*61
*20% 22
51
51
x63
63

*2% 238 *2% . . . . . .
* 2 % ............
2-4
* Bid and ashed prices; no sale w as made.

M ISCELLANEOUS.

Inactive stocks.
Bonds—Boston.

102%
91
198
*22%

Bid.

i Unlisted.

f And aoorued interest,

Bonds.

Ask.

85% At.Top.& S.F.100-yr.4g.,1989, J&J 70% 70%
260
21%
2d 2%-4s, g., C lassA ..1989, A&O 21
80
Boston United Gas 1st 5s................
78
5
2d mort. 5 s......... ................... 1939
50%
51%
Burl. & Mo. River E x e u n t 6s, J&J
115%
50
Non-exem pt 6 s .......1 9 1 8 , J&J
106%
52
93
Plain 4 s .......................... 1910, J&J
102 %
Chic. Burl. & Nor. 1 st 5,1926, A&O
Ï2 7
101
2d mort. 6 s.................. 1918, J&D
227 23Ò
100
Debenture 6 s . . . ..........1896, J&D
Chic. Burl.&Quincy 4 s ..1922,F&A § 93
94
10" *13*'
Iow a D ivision 4 s ....... 1919, A&O § 95
96
33
34
Chio.&W.Mich. gen. 5s, 1921, J&D § 60
65
84
Consol, of Vermont, 58.1913, J&J § 86% 87%
11
15
65
Current River, 1st, 5 s ..1927, A&O § 62
40
50
D et. Lans. & Nor’n M. 7s. 1907, J&J *
75
65
65% Eastern 1st m ort 6 g.l906,M & S .. §120
Eree.Elk.& M .V.,1st, 68.1933, A&O §123 124
67
68
Unstam ped 1st, 6 s___1933, A&O §121 122
54% ...... K.C. C.&Spring.,1st,5g.,1925, A&O § 60
65
80
K C. F .S.& M . con. 6s, 1928, M&N S 77
86 ...... K.C. Mem. & B ir.,1st,5s,1927, M&S ' 29
31
4
4% K. C. St. Jo. &C. B ., 7 s ..1907, J&J
§122 123
45
L. Rock & Ft. 8., 1st, 7 s .. 1905, J&J §100% 101
2
Louis.,Ev.&St.L.,1st,6g. 1926, A&O
70
72
2m ., 5—6 g ......... ....1 9 3 6 , A&O S 85
90
60
Mar. H. & Out., 6 s....... 1925, A&O §101 102
M exican C entral,4 g . . . 1911, J&J § 52
53
1st eonsol.inoom es, 2 g, non-cum.
11
10
2d consol, incom es. 3s, non-oum.
6
7
56
N. Y. & N .Eng,, 1st, 7 s ,1905, J&J- *110 112
14
20
ls tm o r t. 6 s ............1 9 0 5 , J&J *105 107
2d mort. 6 s ............................ 1902, F&A
* 99% 100%
Ogden. & L .C .,C on .6s...1920,A&O §101 102%
100
Inc. 6 s ...................................... 1920 § ___ 20
2% Ru tland, 1 st,6 s .............1902, M&N §110 111
2
25
2d, 5 s................ ............1 8 9 8 ,F&A §U)0 102
115 119
Bonds.—Philadel nhia
A llegheny V al.,7 3-lOs, 1896, J&J 104% 105
•35
•50
A tlantic City 1st 5s, g., 1919, M&N
lu2%
8
«% Belvidere D el., 1st, 6 s .. 1902, J&D t f i
58
Catawissa, M., 7 s ......... 1900, F&A 115
6% 6% Clearfield &Jeff., 1st, 6 s .l9 2 7 , J&J
3% 4
Connecting, 6 s .........1900-04, M&S
D el. & B ’d Br’k, 1st, 7 s .1 9 0 5 ,F&A 124%
% 1
84
85% Easton& A m . lstM .,5 s.1920, M&N 108% .........
55% 57
Elmir. &Wilm., 1st, 6 s .1910, J& J. 116% 118
3
H unt. & Br’d T op,C on.5s.’95,A&O 103
8% 8% Lehigh Nav. 4%s........... 1914, Q— 110
J
1
1% 2d 6s, gold............ ....... 1897, J&D 107% 107%
41
49
General mort. 4%s, g .l9 2 4 ,Q —F 1 0 1%
5
5% LehlghVal. Coal l s t 5 s ,g .1933,J&J 101 lb Y ^
82
...
Lehigh Valley, 1st 6 s ... 1898, J&D 109
2d 7 s ...............
1910, M&S 133 134
20
20%
Consol. 6 .............. ........ 1923, J&D 121%
167 158
North Penn. 1 st, 7 s . . . . 1896, M&N 106
80
78
Gen. M. 7 s ....... .............. 1903, J&J 123% L25
162 165
Pennsylvania g e n .6 s , r..!910, Var 130 ____
66% 66%
Consol. 6s, o
.............1905, Var 118%
, 1% Consol. 5s, r.................1 9 1 9 , Var 114
51%I 52 I Collat. Tr. 4% g ...........1913, J&D ..........
9 3 V 94. I Po 4r TV V C'n-nnl.'Va 1 o n e T V » ' i

* Price includes overdue coupons,




......

3% 3%
3% 3%
*12 78 13% 13% 13%
'179 180
180 180
4838 49% 49
49%
*15 ......... *15 .........
85s
89ie
8*16 8916
96
96
96% 96%
6 '.......
6
7% 8%
6 78 7 V
’231%
'231% .........
2% "2%
2
2

Allouez M ing,asst pd (Boston). 25
A tlantic M in in g ......
“
25
City Passenger R R ... (B alt.). 25
B ay State Gas............ (Boston). 50
“
10
Boston Land..................
Centennial M ining...
“
10
E lectric T ra ctio n .... (Phila.). 50
Do
tr. rets. $20 pd. “
F ort Wayne Electric^ (Boston). 25
Franklin M ining.......
••
25
Frencl-uj’u’sB a y L ’nd
“
5
Illin o is S t e e l ............
“
100
K earsarge M in in g ....
“
25
Morris Canal guar. 4 . (Phila.). 100
Preferred guar. 10“
100
O sceola M ining...........(Boston). 25
P ullm an Palace Car..
“
100
Quincy M ining...........
“
25
Tamarack M in in g ....
“
25
United Gas Im pt.
(Phil.)...........
Water P o w e r .........(B o sto n ). 100
^ ^ stin g .E lec. 1st pf d. (Boston). 50
u

72% 73%
5 6 78 57%

*10

70
70
70
70
34 ’......... 34
*49% 50% *49% 5o%
383s 38% 375e 38%
112 112
117% 117% 11778 118
*6% 6%
6%
6 78
14
14
*14
15
*43
48
*43
48

Inactive Stocks.

aoi'Ti*-’*' r*

Tuesday,
Ju ly 31.

3*16 3Hie
3% 4
3% 358
1
%
% .....
%
*70 ......... ’70
72
*70
72

Prices of August 3.
A tlanta & Charlotte (Raff.).100
B oston & Providence (Boston). 100
Cam den & A tantic pf. (Phila.). 50
Cataw issa........................
“
50
“
50
1st preferred.........
Sd p r e fe r r e d .......
*f
50
Central Ohio.............. (B ali.). 50
Chari. Col. & A uguste
“
100
Connecticut & P a ss. (Boston). 100
C onnecticut R iv e r ...
“
100
Delaware & Bound Br.(PA»Za.).100
F lin t & Pere M arq ... (Boston). 100
P r e fe r r e d ...............
“
100
Har.Ports.Mt.Joy&L. (Phila.). 50
Kan. C’y Ft. S. & Mem. (Boston). 100
P referred .....................
“ 100
L ittle Schuylkill....... (Phila.). 50
Maryland C en tra l....
(Balt.) 50
M ine H ill & S. H aven (Phila.). 50
Nesquehoning V a l....
“
50
Northern N. H ............ (Boston). 100
North P ennsylvania. (Phila.). 50
Oregon Short L in e... (Boston). 100
P ennsylvania & N. W. (Phila.) 50
R u t l a n d . . . . . . . . . . . . . . (Boston). 100
Preferred..................
100
fi »aboard & Roanoke. (Balt.) 100
1st preferred........... .
<•
100
West E n d .............. ..¡(Boston). 50
Preferred......................
“
50
West J ersey .......... . (Phila.). 50
West Jersey & A tlan.
“
50
Western M aryland.. (B alt.). 50
Wiim. Col. & Augusta
“
100
Wilm ngt’n& Weldon
**
100
Wisconsin C en tral... (Boston). 100
Preferred.....................
“ 100
Woro’Bt.Nash.&Roch.
“
100
S

Monday,
July 30.

Bid. Ask.

'
Pa. & N. Y. Ca., con. 5S.1939, A&O 109% i n " 1
Perkiomen, 1st ser., 5 s .1913, Q—J 100
Pfiila.& Erie gen. M. 5g.,1920, A&O 113%
102%
Gen. mort., 4 g ........... 1920, A&O
P hila & Read, new 4 g., 1958, J&J 76*3 7 6 7s
31%
1st pref. income,,5 g, 1958, Feb 1 31
2d pref. Income, 5 g, 1958, Feb. 1 21% 22
3d pref. incom e, 5 g, 1958, Feb. 1 16% 16%
119
2d, 7 s....................................... 1933, A&O
126
Consol, m ort. 7 s ..........1911, J&D
US
Consol.m ort. 6 g ..........1911, J&D
Improvem ent M. 6 g., 1897, A&O' 106% 106%
Con. M.,5 g.,stam ped,1922. M&N 99%
Terminal 5s, g .....1 9 4 1 , Q.—F. 103 s 103%
Phil. Read. & N. E. 4 s ............. 1942
Incom es, series a ..................1952
Incom es, series B .................. 1952 . . . . .
P hil. Wilm. & Balt., 4 s . 1917, A&O 101% 102%
Pitts. C. & St. L., 7 s . . . . 1900, F&A
Schuyl.R .E.Side.lst 5 g.1935, J&D 109
Steuben. &Ind. ,1st m. ,5s. 1914, J&J 105
102
United N. J ., 6 g ........................1894,A&O
—
Warren & Frank.,1st,7s,1896,F&A 106
B o n d s ,—B a ltim o r e .
A tlanta & Chari., 1st 7s, 1907, J&J 116 117%
Incom e 6 s .. . . . . . . . . . . 1 9 0 0 , A&O
3
Baltimore Belt, 1st, 5s. 1990, M&N 102 < 103
Baltimore & Ohio 4 g ., 1935, A&O 102
P itts. & Conn., 5 g ...l 9 2 5 , F&A
Staten Island, 2d, 5 g.1926, J&J
98**
Bal.&Ohio 8. W .,lst,4% g.l990, J&J
CapeF.&Yad.,Ser.A.,6g.l9L6, J&D 62
64
60
Series B., 6 g ............ ..1 9 1 6 , J&D
63
62
Series C., 6 g .......... ...1 9 1 6 , J&D
62%
Cent. Ohio, 4% g .............1930, M&S
Chari. Col.&Aug. 1st 7 s .1895, J&J 101%
Ga. Car. & Nor. 1st 5 g ..l9 2 9 , J&J
83%
North. Gent. 6 s .................1900, J&J 110% 113
6 s..................................... 1904, J&J
120
Series A, 5 s ....... . ....1 9 2 6 , J&J 112 113
4% s................................ 1925, A&O
P iedm .& C um .,lst, 5 g . 1911, F&A
97%
P itts. & Connells. I s t 7 s .l8 9 8 , J&J
Virginia Mid., 1st 6 s ... 1906, M&S 116
2d Series, 6 s . . . .............1911 M&S 116%
3d Series, 6 s ................1916, M&S 107
m
4th Series, 3-4-5s........1921, M&S 80
5th Series, 5 s............... 1926, M&S 100
West Va C.
1st, 6 g .1911, J&J 103 104
West’LN.C. Consol. 6 g.1914, J&J 105% 105%
WUm. Col. & Aug., 6 s .. 1910, J&D 114
MISCELLANEOUS.

Baltimore—City H a ll6 s. 1900, Q— 111
J
......
F u u d iu g g s ...... ......al9 0 0 , Q—
J
West Maryi’d Hri. 6 s ..1902. J&J 112
Water 5 s ..................... 1916, M&N 120 1 2 z
Funding 5 s ....... ..........1916, M&N
E xchange 3%s............. 1930, J&J 102% 103%
Virginia (State) 3s, u ew .1932, J& J 71% 72%
Chesapeake Gas, 6 s .....1 9 0 0 , J&D 107
Consol. Gas, 6 s . . . . . . ....1 9 1 0 , J&D 114% i 14%
5 s ..................................... 1939, J&Jj 103 ¡103%
cia.* at
i. % lo q
i

t Last price thw

ek,

sex-rlghoi.

A

u g u st

THE CHRONICLE

4, 1894.1

187

NEW YORK STOCK EXCHANGE PRICES (C ontiim edl-A C T /F.# BONDS AU G . 3 A N D FO R Y E A R 1 8 9 1 .
R a il r o a d

and

Closing Range (sales) in 1894.
R a il r o a d
P rice
Lowest.
Highest.
Period A u g. 3

M i s c e l . R o n d s In ter’t

and

s.
M i s c e l . B o n d s Inter’

Closing Range (sales) in 1894.

Perio i A ug. 3

Lowest.

Highest.

>6 M A 1f 107% 103 Jan. 112 Apr.
.Amer. Cotton Oil, deb., 8 g .l9 0 0 Q - F 113 b. 111 Feb. 115 July
8 F A i1 96%b . 95 Jan. 1005s May
67 Jan. 77% June
•At.Top.&S.F.—100-yr.,4g.l989 J & J 7 0 78
8 J A m 0 3 a . 99 Jan. 106% Apr.
2d 3-4s, g., Cl. “A”.......... 1989 A & O 21 b. 20 July 38% Mar.
7 F A 71 100%b . 100% Feb. 10338 May
Col.Midland—Cons., 4 g.1940 F & A i8%b. 1812 July 32% Mar.
>7 M A Ï¡ 106 a . 102 Jan. 109 Apr.
T
41 b. 4112 June 53% Apr.
Atl. < Pac.—Guar., 4 g ___1937
fc
l%b.
6% Mar.
>7 J A 1) ...........
214 July
W. D. income, 6 s..............1910 J & J
97 Mar. 10338 May
77%
1A A (
71 Jan.
Brooklyn E lev.—1st, 6 g ..l9 2 4 A & O 90 a. 90 July 107 Jan.
81 Apr.
7 J A I ll2% b . 111% Jan. 117% May
fe
Union E levated.—6 g _ 1937 M < N 85 b. 82 June 99% Apr. Mobile & Ohio—New, 6 ,
_
General mortgage, 4s.
62%
8 MA
•Canada Soutbern.—1st 5s 1908 J & J 109 b. 10512 Jan. 111% June
57% Jan.
63 May
Nash. Ch. & St. L.—1st,
A . 127 b 125% Jan. 130 May
2d, 5 s ...................................1913 M < S 105 b. 102 Jan. 106 Ju ly
&
44 b. 32 Jan.
51 Apr.
8 A A C1 101 b 98 Jan. 102 Jàn.
•€ent.Ga.~S.<fcW .lstcon.5s.l929
0 MA >
94 b 88 Jan.
•Central of N. J.—C on s.,7s.l899 Q - J 113 b. 11212 Jan. 115% June Nat’l Starch Mfg
94% June
5 M A IS 103 b 101% Jan. 104% Apr.
Consol., 7 s .........................1902 M & N 1221.2b, 121 Feb. 124 Apr, N.Y. Central—D<
? J A . 125 b 123 Jan. 128% June
fe
General m ortgage, 5 g . . .1987 J « J 116%b. IIOI2 Jan. 11678 June
! m & s 109 %b 107 Jan. 110 Feb.
Leh.«fcW.B.,con.,7s, as’d.1900 Q -M 108i2b. 105 Jan. 111 May
0 M A I 118%b 116% Jan. 120% Apr.
“
m ortg a g e5 s.l9 1 2 M<& N 97 b. 100 Feb. 103% Mar.
113 b. 108 ^ Jan. 113 June
? A A 0 116%b 113% Jan. 117 May
Am. S o ck & Imp., 5 s_ 1921 J «fe J
_
1 J A j 103 %b 100% Jan. 105% June
fe
•Central Paciiic.—Gold, 6 s .1898 J « J 100i2b. 102 July 107% Apr.
fe
7 A A C 100%b 97% Jan. 101 J u ly
fe
•Ches. & Ohio.—Mort., 6 g.1911 A « O 118 a. 11512 Jan. 119% Mar. N. Y. Chic. < St. L.—4 g . .
6 j A J 110%b 108% Ju ly 113 June
fe
1 st consol., 5 g ................ 1939 M « N 10478 1011* Jan. 1106% Apr. N. Y. Elevated—7 s ...........
73
J A J 130%b 127% Jan. 134 June
fe
70% June 77% Apr.
General 4%s, g ....... . .........1992 M « S
? F A A 112 b 110 Feb. 113% May
fe
R. & A ,D iv .,ls tc o n .,4 g .l9 8 9 J « J 89 %b. 84 Jan. 92% May
N.Y.L.E.«feW.82
<?M A S 133% 131% Jan. 137 Apr.
78i® Jan. 88 Mar.
fe
“
2d c o n .,4 g .l9 8 9 J « J
9 J A D * 73 a 170 May 86 Mar.
fe
Eliz. L ex.& B ig 8an.~5 g.1902 M « 8 97 b. 96 Jan. 100% Feb.
2A A O
fe
125 Apr. 129 May
•Chic. Burl. & Q.—Con., 7s. 1903 J « J 12012 119 Jan. 123% June
2 M A S 86%
82% Jan. 86% Aug.
fe
97 Feb. 102 Apr. N. Y. Ont. &W.
Debenture, 5s....................1913 M « N 98%
9 J A D *109 %b. 107 Jan. 110% May
fe
10112 Jan. 105 Apr.
Convertible 5 s .................. 1903 M « S 102
7 J A J 103 %b. 103 July 107% Apr.
fe
Denver Division 4 s .........1922 F « A 93 b. 9 0is Feb. 94% Apr.
Midland of N. J., 6s, g . .
9 A A 0 117 b. 115% Apr. 117% May
fe
85*2 Jan. 92% Apr.
Nebraska E xtension, 4 s. 1927 M « N 88
9j A J
fe
74% Apr. 74% Apr.
Han.«fc St. Jos.—
Cons., 6 s . 1911 M « S 120 a. H514 Jan. 119% Feb. Norf.«fc W.—100-year, 5s, s
Md.«feWash.Div.—1st,5 g
I- J A J 85 a. 78% Apr. 81 Apr.
fe
•Chic. <&E. 111.—1st, s. f .,6 s .1907 J « D 115 b. 11112 Jan. 118 May
1 J A J 109% 105% Jan. 114% Mar.
Consol., 6 g ....................... 1934 A «fe O 122i2b. 11812 Jan. 123 June No. Pacific—1st, coup., 6 g
9 A A O 73 %b. 713s' July 8938 Mar.
fc
General consol., 1st, 5 s ..1937 M < N * 97i2b. 97 May 101 % Apr.
7 J A D 50%
46% July 64% Apr.
fe
C hicago & Erie.—1st., 5 g. 1982 M « N * 97 a. 9112 June 100% Apr.
Consol, m ortgage, 5 ¡
9 J A D 23%
28 %a. 2712 July 35% Apr.
22% Aug. 34% M
Tar.
Income, 5 s ........................ 1982 Oct
Col. trust gold notes,
ÎM A N
86%b. 82 Apr. 89% Juue
Chic. Gas L. &C.—1st, 5 g . . 1937 J
) A A O i 42% t4 0 June 48% Apr.
126
fe
126 Feb. 130% Apr.
Chic. Mil. & St. P.—Con. 7 s . 1905 J <
Seat. L. S.
F A A t 45 b. 140 Jan.
55 Apr.
112 Jan. 116% May
<
fe
1st, S outhw estD iv., 6 s .. 1909
27
iM A S
115 a. 111% Jan. 117% June
25 July 38% Mar.
1st, So. Minn. D iv., 6 s ...1 9 1 0
«
fe
J A J * 93 b. 93 Ju ly 101% May
108 %b. 107 Jan. 111% June No. PaoifiojTer. Co.«
fe
1st, Ch. «fcPac. W .Div.,5s. 1921
J A J 107%b. 108 Jan. 112 Juñe
105 b. 101 ^ Jan. 103% June Ohio & Miss.—Con. £
«
fe
Chic. &Mo. Riv. D iv., 5 s .1926
J A J 107%b. 106 Jan, 11178 June
107 b. 101 Jan. 109 May
«
fe
Wise. & Minn., Div., 5 g.1921
J A D 90 a. 88 Aug. 97 Mar.
10714b. 105 July 109% June Ohio Southern—1st, 6 g . ,
«
fe
Terminal, 5 g .................... 1914
General mortgage, 4 g.
M A N 35 b. 35 July 48% Jan.
90
«
fe
Gen. M., 4 g., series A ... 1989
89% Aug. 92% June
TJ A J * 45%b. 42 Feb. 50 Apr.
«fe D 116
Mil. &Nor.—1st, con.,6s,1913
11212 Jan. 118 Apr. Omaha & St. Louis—4 g..
J A D 101
92% Jan. 103 Apr.
Chic. & N . W.—Consol., 7s. 1915 Q - F 140 b. 138 Jan. 141 Mar. Oregon Impr. Co.—1st, 6;
Consol., 5 g . ....................
A A O 56%
60 Mar.
46 Jan.
fe
Coupon, gold, 7 s ...............1902 J « D 12112b. 121 July 127 May
J A J 103% 101 June 108% Mar.
116 Jan. 121 Apr. Ore. R.& Nav.Co.—1st, 6 j
fe
Sinking fund, 6 s...............1929 A « O
J A D f 63
74 Apr.
60 Jan.
Sinking fund, 5 s ...............1929 A « O Illi4b. 107% May 112 Mar.
fe
J A J *110 b. 106 Jan. 113% May
fe
106% Jan. 112% Apr. • Penn. Co.—4% g., coupoj
Sinking fund, deben., 5s. 1933 M « N
>J A J 84 b. 74 Jan.
87% May
fe
25-year debenture, 5 s . . . 1909 M « N 105
104 Jan. 109 Apr. Peo. Dec. & Evansv. - 6 ¡
84 b. 74 Mar. 87 May
MAS
97 Jan. 100 Apr.
fe
E xtension, 4 s ....................1926 F « A 100
MAN
22 a. 19 Jan.
28% Apr.
fe
Chic. Peo.& St. Louis—5 g.1928 M « S 95
Gen., 4 ¡
J A J
76%
67% Jan.
78 Mar.
fe
Chic.R.I.&Pac.—6s., coup. 1917 J « J 12512b. 123 Jan. 129 Apr. Phila. & Read. —
30%
fe
27 June 39% Mar.
E xten sion and col., 5 s ... 1934 J « J 10078a. 97% Jan. 104 Apr.
21%
M « S 91 a. 9OI2 June 95 Feb.
fe
18% May 2 7 58 Mar.
30-year d eb en tu re ,5 s... 1921
3d pref. income, 5 g ___
16%
13% May 2 1 78 Mar.
fe
Chic. St. P. M. & O —6 s ....1930 J « D '128 a. 119% Jan. 127% May
J A J
84 a. 80% Mar. 88 Apr.
fe
Cleveland & Canton.—5s. .1917 J « J 73 a. 70 Mar. 84 Jan. Pittsburg & Western—4 g
Rich. < Danv.—Con., 6 g.
fe
J A J 115
106% Jan. 118% Ju n e
C. C. C. & I.—Consol., 7 g.1914 J «fe D 128i2b.
A A O t 73 b. 165 Jan. t74% J u ly
fe
General consol., 6 g ........1934 J « J
117 Jan. 120 Mar.
F A A t 57 b. 140 Jan. 157% Apr.
•C.C.C.&St.L.—Peo.& E .,4s.l940 A «fe O 69 %b. 72 Jan. 84% Apr.
M A S 1 27
118 Jan. 127% Apr.
20 a. 15 Jan. 20 Apr.
Income, 4 s ..........................1990 April.
J A J
62 b. 62 July 71 Apr.
fe
95 Jan. 100 May Rio Gr. Western—1st, 4
C ol. Coal & Iron.—6 g ....... 1900 F « A
fc
M AN
64
91 Feb. St. Jo. < Gr. Island—6
61% June 69% Apr.
fe
C ol. H. V al. &Tol.—Con. ,5 g. 1931 M « S 8412b. 8 l 78 May
fc
M A N 109 %b. 101 Jan. 113 Apr.
fe
General, 6 g ....................... 1904 J « D 8512a. 86 June 92% Feb. St. L. < San Fr.—6 g., Cl
6 ., C lassC .................
MAN I ll
101 Jan. 113 Apr.
fe
D en v er & Rio Gr.—1st, 7 g.1900 M « N 113 b. 113 May 113% May
J A J
88 b. 82 Jan.
98 Apr.
1st consol., 4 g ..i ..............1936 J & J 7112b. 71 Ju ly 79 Apr.
MAN
54
53 July 62% Apr.
fe
D e t. B. City & Alpena—6 g. 1913 J « J 55 a. 50 Jan. 50 Jan. St. L. So. West.—1st, 4s, 5
2d, 4s, g., incom e
J A J
14%
14 Aug. 20% Apr.
D et. Mac. & M. —Ld. grants. 1911 A is O 22 b. 23 Jan. 27% Apr.
M A N 118 b. 115% Jan. 121 Apr.
D u l. So. Sh. & A tl.—5 g .. .1937 J «fe J 98 b. 93 Feb. 102 Apr. St.P.M.&M.—Dak.Ex., 6 [
J A J 115 b. 115 Jan. 122 Mar.
E. Tenn. V. &Ga.—Con., 5g. 1956 M «fe N 9712
86% Jan. 101% Apr.
“
reduced to 4% j J A J
99%b. 97% Jan. 102% June
K n oxville & Ohio, 6 g ___1925 J «fe J 108i2a. 96 Jan. 110 June
Montana Extension, 4 g.19
JA D
85 a. 84 Jan.
89% Apr.
fe
-Ft. W. & Denv. City.—6 g . . 1921 J « D 66%b 66 Jan. 79 % Apr.
San Aut.& A.P.—1st,4 g.,gu.,’ J A J
5958 Apr.
50 %b. 50*2 Jan.
90 May 92% Apr.
fe
’G al.H .& 8anAn.-M .& P.D.lst,5g M « N 90%
89 May South Carolina—1st, 6 g ....... ,
b, 68 Jan.
•Gen. E lectric, deb. 5s, g . . .1922 J «fe D 85 %
JA J
89 a. 88 J uly 94% Jan.
H ous. & T. Cent., gen. 4s, g . 1921 A « O 6212 a, 60 Jan. 66 Mar. So. Pacific, Ariz.—6 -g ..l9 0 9 fe
Illin o is Central,—4 g .........1952 A «fe O IOII2 100 Feb. 102% June So. Pacific, C a l—6 g . . . . 1905-12 A A O '103 %b. L04 Ju ly 108% Mar.
1st consol., gold, 5 g ....... 1938 A A O 90 a. 85% May 98 Apr.
,
fe
Int. & Great Nor.—1st, 6 g.1919 M « N 11014a 109 %Aug. 116 Apr.
95 b. 94% July 98 % Apr.
2 d 4 - 5 s . . . . . . ...................... 1909 M «fe 8 62 b. 60 June 68% Apr. So. Pacific, N. M.—6 g ....... 19 U J A J
85% Apr.
fe
Iow a Central.—1st, 5 g ___1938 J « D 90 a. 86 Jan. 95 Apr. Tenn.C. I. <feRy.—T en.D .,lst,6 g A A O 82 a. 75 Jan.
Birmingham D iv., 6 g .,.1 9 1 7 J A J
83 a. 77 Jan.
87 Apr.
fe
K ings Co. E lev.—1st, 5 g ..l9 2 5 J « J 7912a, 79 Jan. 85 Apr.
fe
82
72% Jan.
85 May
8714a 81 Jan. 89 Apr. Texas < Pacific—let, 5 g ..2 0 0 0 J A D
-Laclede Gas.—1st., 5 g ___1919 Q - F
2d, income, 5 g.................. 2000 March . 22%
265a Apr.
17% Jan.
110% Jan. 115% Apr.
fe
L ak e Erie < West.—5 g_ 1937 J « J I ll
fc
_
fe
72 b. 55 Mar. 71 Aug.
118 Jan. 121% May Tol. Ann Ar. < N. M.—6 g .I9 2 1 M A N
fe
L. Shore.—Con. cp., 1st, 7 s .1900 J « J 118
fe
122 Jan. 125% May Toledo < Ohio Cent.—5 g.1935 J A J 104 b. L03% July L08 May
Consol, coup., 2d, 7s.......1903 J «fe D 123
67%b. 68 July 84% Mar.
1.13 Jan. 116 May Toledo Peo. & West.—4 g.1917 J A J
L ong Island.—1st con., 5 g.1 9 3 1 Q - J 115
58 a. 56 Aug. 64 Apr.
General mortgage, 4 g .. 1938 J «fe D 99
93% Feb. 99 78 May Tol. St. L. & Kan. C —6 g .. 1916 J A D
L03% June L ll Apr.
109% Apr. 113% Mar. Union Pacific—6 g ............ 1899 J A J 104%
Louis. < Nash. Cons., 7 s .1898 A «fe O 111
&
E xt. sinking fund, 8 ........ 1899 M A S
95 b. 90 June L03 Feb.
112% Jan. 117% June
N.O. & Mobile, 1st, 6 g .,1 9 3 0 J «fe J 114
Collateral trust, 4%........1918 M A N
39 a. 40 May 49 Jan.
fe
“
“
2d, 6 g .. 1930 J « J 9 9 7sa. 97 Jan. LOI Apr.
Gold 6s, col. trust notes. 1894 F A A 83 a. 82 Jan.
92% Apr.
fe
General, 6 g _ •;.............. 1930 J « D 113 b. 109% Jan. 116 Mar.
_
Kan. Pac.-Den. Div., 6 g.1899 M A N 1.04
L01 Jan. L09 May
fe
Unified, 4 g ........................ 1940 J « J 72 %a. 71 July 77% Apr.
1st consol., 6 g ...............1919 M A N
72 June 97 Mar.
78
76 Feb. 90 Feb.
Nash. Fl.«feSh.-lst,gtd.,5 g.’37 F «fe A
Oregon Short Line—6 g-.1922 F A A 79
75 Jan.
92 78 Mar.
fe
K entucky Central.—4 g. 1987 J « J 82%b. 82 Jan. 85 May
Or.S.L.<feUt’hN.—Con.5g.1919 A A O 41 b. 40 July 56% Apr.
fe
Louis. N. A. < Ch.—1st.,6s. 1910 J « J 109 b. 108 Jan. 113% Mar.
fe
U.P.Den.«feGulf.con., 5 g .l9 3 9 J A D
34%a. 31% June 48% Apr.
Consol., 6 g ........................ 1916 A « O 90 a. 83 June 100 Mar.
fe
82%
70 May 87% June
fe
Louis. St. L. & Texas.—6 g.1917 F « A ' 50 b. 55 July 61 Apr. U. S. Cord.—1st col., 6 g ..l 9 2 4 J A J
92% Ju ly
92%b. 70 Jan.
116 Jan. 121% June Virginia Mid.—Gen.M., 5s. 1936 M A N
Metro. E levated.—1st, 6 g.1908 J «fe J 119
“
stam ped guar.. M A N
92% J u ly
92%b. 72 Jan.
109 a. 107 Jan. 111 Apr.
fe
2d, 6 s ................................... 1899 M « N
L02 Jan. L07% Apr.
fe
Mich. Cent.—1st, cons., 7 s .1902 M « N 121%b. 11934 May 124% Mar. Wabash—1st, 5 g ................. 1939 M A N 102%
2d m ortgagees g...............1939 F A A 66
66 Aug. 79 Apr.
107 May
fe
Consol., 5 s ......................... 1902 M « N 107 b. 106 Mar.
Debent. M., series B ....... 1939 J A J ’ 25 a. 21 Mar. 2 8 78 Apr.
M il. LakeSh.&W.—1 st, 6 g.1921 M «fe N 125 %b. 124 Jan. 130 Apr.
fe
96%b. 97 July 101% May
fe
Exten. & Im p., 5 g . . . ___ 1929 F « A 108 b. 105% Feb. 110% July West. N. Y. < Pa.—1st, 5 g.1937 J A J
2d m ortgage...................... 1927 A A O 21%
22 Jan.
18% Feb.
76 Ju ly 83% Mar.
Mo. K. & E.—1st 5s, g., gu. 1942 A « 'O 76%
fe
83% Apr. West. Un. Tel.—Col. tr .,5 s.l9 3 8 J A J 105%b. L03 Jan. L09 June
fe
M. K. & T e x a s—1st, 4s, g . 1990 J « D 77%b. 77% Aug.
53
51 J une 76% Mar.
fe
2d, 4s, g .................. .......1 9 9 0 F « A 39%b. 38 June 48% Apr. Wise. Cent. Co.—1st, 5 g ..l9 3 7 J A J
Incom e, 5 g . . . . ..............1 9 3 7 ...........
9 June 18 Feb.
7%b.
fe
Mo. Pac.—1st, con., 6 g ___1920 M « N 93 a. 87 Jan. 101% Apr.
¡^Note .—“b” indicates price 6id ; “a” price asked ; the range is made up from actual sales only. * Latest price th is w eek, t Trust receipts.

NEW YORK STOCK EXCHANGE PRICES—[Continued).—IN ACTIVE BONDS—A U G U S T 3 .
SECURITIES.

Bid.

Ask.

SECURITIES.

B. «feO.—dons, mort., gold ,5s.1988
Railroad Bonds.
W. Va. «feP it t s —1 s t ,g., 5 s ..1990
i S mck. Exchange Prices.)
B. < O. S. W., 1st, g., 4 % s...l9 9 0
&
Monon. River, ls t g .,g . 5 s ...1 9 1 9
85
Alabama Mid.—1st, g., gu ar..1928
Oent’lO hio Reor.—1st, 4% s.l930
A . T. & S, F —2d, As, Class B .1 9 8 9 ¿ ........
Ak.«fe Ch. Juno.—Ist,g,5s,gu .l930
"75"
Col. Mid. 1st, g., 6 s ....... . ....1 9 3 6
Bost. H. Tun. « W.—Deb. 5 s .1913
fe
A tlantic < Danv.—1st g., 6 s ..1917
fe
Brooklyn Elevated—2d, 5 s . . . 1915
AU. A P ac.—2d W. D., gu. 6 s,. 1907
Brunswick < W’n—1st, g. 4s, 1938
fe
121
S a lt. A Ohio—1st, 6s, Park B .1919 118%
Buft. Ro h. < P itts.—Gen., 58.1937
fe
» » .gold ....... ............................ 1925] 110 115




Bid. Ask.

SECURITIES.

Bid.

Ask.

121
B.
R.&P.—Roch. P .,ls t , 68.1921
.........
Roch. & P itts.—Cons. 1st, 68.1922 116%
Burl Ced. Rap. & No.—1st, 5S.1906 105% 106
105%
98
Consol. < collât, trust, 5 s. ..1 9 3 4
fe
Ï0 4 " w t
Minn. < St. L.—1st, 7s, g u ..l9 2 7 120
fe
Iow a C. A West.—1st, 7 s . . ..1 9 0 9
*102
Oed. Rap. I. F. A N., 1st, 6S.1920 ioY
102
1st, 5 s ...... ............................ 1921
62%
C. Ohio—Col. A d n .M .lst,4 % s.l9 3 9 ,
98% 'lent.. RR, A Tank.—Col. tr 5 s .19371 88
97

THE CHRONICLE.

188

[VOL. L1X,

NEW YORK STOCK EXCHANGE PRICES.—IN ACTIVE BONDS—fContinuedJ—AU G U ST 3.
SECURITIES.

Bid.
*117
100

ABk.

SECURITIES.

Bid.

Ask.

SECURITIES.

Bid.

Ask.

118*« E.&T.H.—Sul. C o.B r.lst.g.,58.1930
Ev.&Rich.—1st g en .5 s,g .g u .l9 3 l
*
100
Evans. & Indian.—1st, oon s.. 1926
100*8
*
Flint & P. Marq.—Mort., 6 s. ..1 9 2 0 115*«
100*4
7J ~
1st con. gold, 5 s......................1939
1035s
94
Port Huron—1st, 5 s .............1939
89
Gen. ls t ,g ., 6 s.....................1938
99
Fla. Cen & Pen.—l s t g . 5 s ....1 9 1 8
Cent. Washington—lst,g .,6 s.l9 3 8
1st con. g., 5 s ......................... 1943 ....... ____ Norfolk & South’n—1st, 5 s,g .1941 *101 1021«
103*«
Ft Worth & R .G .—l s t g ., 5S..1928 58*4 60
Norfolk & West.—General, 6 s. 1931
115
Gal. Har. & San Ant.—1st, 6 s .1910
97
New River, 1st, 6 s ................1932 106 109
90
94
Gal. H. &S. A.—2d m ort., 7 s . .1905
Imp. & E xt., 6 s................ ...1 9 3 4
107
Ga. Car. & Nor.—1st, gu. 5s, g.1929
Adjustment M., 7 s ................1924
117
Ga. So. & Fla.—1st, g. 6s.........1927
Equipment, 5s. 1 . . . . . . ...........1908
Grand Rap. & Ind.—Gen. 5 s .. 1924
32
Cunch Val. 1st 5 s................. 1957
■
*9%
G. B. W. &St. P.—2d ine. tr. rects.
Roanoke&So.—1st, gu. 5s, g.1922 *
io i"
Seioto Val. & N. E.—1st, 4s,. 1990 63
Housatonio—Cons, gold 5 s .... 1937 118%
69
N. H aven & Derby, Cons. 5s..1918 113*8
Ohio < Miss—2d consol. 7 s . . . 1911
&
_V"”
Hous. &T. C.—Waco & N. 7 s..1903 106
Ì07*i 1 0 9 1*
115
1st g., 5s (int. gtd)......... ....1 9 3 7 102 103
General 5s............................... 1932
114*s
101
Cons. g. 6s (int. gtd)............. 1912
Ohio R iver RR.—1st, 5 s.......... 1936
100 ‘
Debent. 6s, prin. & int. gtd.1897 *
90
Gen, g .,5 s ................................1937 A ""
100
107*«
Debent. 4s, prin. & int. gtd.1897
*78
105*«
Ulinois Central—1st, g., 4s ...1 9 5 1 *105*«
Oreg. Ry& Nav.—Col.tr. g..5 s.l9 1 9
103 104
1st. gold, 3 *ss......... ................1951 *9/% 99
Pan. Sink.F’d Subsidy—6s, g. 1910
95
Gold 4 s ..................................... 1953 97% 98*4 Penn.-P.C.C&St.L.Cn.g.4*4sA1940 *103
_,
106
Cairo Bridge—4 s .................... 1950
-----106
Springf. D iv.—Coup., 6 s ....1 8 9 8 105
P .C .& 8.L .-lst,c.,7s................ 1900
96*«
Middle D iv.—Reg., 5s.......... 1921 109*«
Pitts. Ft. W. & C.—1st, 7 s ... 1912 134%
89*s
C. St. L. & N. O.—Ten. 1., 7S.1897
2d, 7 s ...................................1912
.........
95
97
1st, consol., 7 s..................... 1897
3d, 7 s .....................................1912
112 113
2d, 6 s..................................... 1907
Ch.St.L. &P.—1st,eon. 5s,g... 1932
—-•
116
Gold, 5s, cou p on .................1951
116*4 120
123*8 123*«
Memp, D iv., 1st g. 4 s ....... 1951
Gen. 4*48, g., “ A” ..... . . . 1 9 4 2
.........
113%
Ced. Falls & Minn.—1st, 7 s.. 1907 100
St. L. V. & T. H —1st, 6s., 78.1897 *107
115
Ind. D. & Spr.—1st 7s, ex. cp .1906
2d, 7 s .....................................1898
124 126
Ind.D.&W.—1st 5s, g .,tr.reo ..l9 4 7
2d, guar., 7 s . . . . . . . . ....... ..1 8 9 8
124
2d, 5s, gold, trust receip ts.. 1948 ___
Gd.R.&I.Ext.—1st,4*48,G.g. 1941 *99
105
Inc. M. bonds, trust receipts . . . .
109
123
Ind. Ills. & Iowa.—1st, g, 4s.. 1939
Ohio tnd.&W.—lstp ref. 5s. .1938
79
m -m
mm
Int.&G. N’n—1st,6s,g................ 1919
110*4 Peoria & Pek. Union—1st, 6s .1921 108
117*« Kings C o.-F.E l.,lst,5,g.,gu. A.1929
2d mortg., 4*48.......................1921
62
65
105
Lake Erie & West.—2d g., 5 s .1941 102*4 104
Pitts. Cleve. & Tol.—1st, 6 s ... 1922
_
....... P itts. & L. Er.—2d g. 5s, “A” . 1928
105*4 _ L. S. & M.80U.—B.&E.—N e w 7 s .’98 113
115
Det. M. & T.—1st, 7 s............. 1906 124*4 . . . . . . Pitts. Me. K. & Y.—1st 6s___ ,1932
Lake Shore—D iv. bonds, 7 s. 1899 *114% . . . . . Pitts. Painsv. & F.—1st, 5 s ...1916
97*4
*104
Kal. All. & G. R.—1st gu. 5s. 1938 *110
. . . . . P itts. Shen. & L. E.—1st,g.,5s. 1940
Mahon’g Coal RR.—1st, 5 s .1934 112
Pitts. & West.—M. 5s, g.1891-1941
LehighV.^N.Y.—1st gu.g.4*3S.1940 99
Pitts.Y ’gst’n&A.—1st, 5s,con. 1927
107% Lehigh V.Term.—1st gu. 5s,g. 1941 *105
Pres. & Ariz. Cent.—1st, 6s, g.1916
__
_
Lehigh V ’y Coal— 5s,gu.g. 1933 _
1st
2d incom e 6 s .......................... 1916
ldtchf. Car.& West.—1st 6s. g.1916
Rich. & Danv.—Debenture 6s. 1927
120
Long Island—1st, 7 s ................ 1898 112
Equip. M. s. f., g., 5 s_____ .1909 *88
Gold 4 s . . . ................................ 1932
AtL & Char.—1st, pref., 7 s .. 1897 *101
N. Y. & R’w ay B.—1st, g. 5 s. 1927
do.
Incom e, 6 s . . . . 1900 *98
'110*8
2d m ortg., in o ....................1927 37*4 43
126 *s
Wash. O. &W. —lst,4s,gu . ey., 1924
114*«
N.Y.&Man. Beach.—1st, 7s, 1897 *102 105
RioGr. Juno.—1st, gu., g., 5 s.l9 3 8
N.Y.B.&M.B.—1st con. 5s,g. 1935 95 102
107
Rio Grande So.—1st, g., 5 s ... 1940
Brookl’n&Montauk—1st,6s. 1911 * ____ 111
107
St. Jos. & Gr. Is.—2d in c.........1925
•■VfZ“"
96
1st 5s . . .
1911
111
Kan. C. & Omaha—1st, 5 s .. 1927
Louis.Évans.& St. L.—Con.5s. 1939 45
49*4 St. Louis A. & T. H .—
Louis.& Nash.—Cecil.Br. 7 s ..1907 109
BelLev. & So. 111.—1st, 8 s ... 1896
.........
55
E. H. & Nash.—1st 6s, g ..,.1 9 l 9 110
*50
Bellev. & Car.—1st, 6s..........1923
Pensacola Division, 6 s .........1920 10Ò
Chi. St.L. &Pad.—lst,gd . g. 5 s 1917 i o s
99
St. Louis Division, 1st, 6 s ... 1921 119*4
St. Louis So.—1st, g«f. g. 4 s .1931
2d 3s
.
.
. 1980
do
2d in co m e,5 s.1931 *80 ........*
125*4
Nashv. & Decatur—1st, 7 s ..1900 111*4 112
Car. & Shawt.—1st g. 4 s ....1 9 3 2
S. f.,6s.—S. & N. A la..............1910 104
St. L. & S. F.—2d 6s, g., el. A . 1906 *111
126*4
10-40, gold, 6 s....................... 1924 100
Equip.,7s .......................... ...1 8 9 5
117*«
5 0 -year 5s, g .,......................... 1937 90
General 5 s....... .....................1 9 3 1
78
Pens. & At.—1st, 6s, gold. ..1921 95
*119*4
Collat. trust, 5s, g .................1931 V
Consol, guar., 4 s . . . .............. 1990 k
98
40
98*« Lou.N.Alb.&Ch.—G en.m .g.5s.l940
Kan. City & 8 —1st, 6s, g ...l 9 1 6
62
Manhattan Ry.—Cons. 4s....... 1990
Ft. 8. & V. B. Bg. - 1 s t , 6 s ... 1910
97
98
Manito.S. W.Coloniza’n—5s ,g. 1934
K ansas Midland—1st, 4s, g.1937
Memphis & Chari.—6s, gold .. 1924
92
90
St. Paul & Duluth—1st, 5 s ___1931 111 114
1st con. Tenn lien, 7 s . . . . . . . 1915
2d mortgage 5s..................... 1917 104.
.89
Mexican Cent. Consol.—4s, g.1911
St. Paul Minn & M.—1st, 7 s .. 1909 11 O
*90
1st, cons, incom e 3s, g.........1939
---- -92*«
Mex. International—1st, 4s,g. 1942 70
Minneap. Union—1st, 6 s___1922
HO
Mexican Nationai—1st, g., 68.1927
Mont. Cen.—1st, guar., 6 s ..1937 110
2d, incom e, 6s, “A” ...............1917
1st guar. g. 5 s . . . ................ 1937
105*3
99
114
2d, incom e, 6s, “ B ” . . . ........1917
East. Mian., 1st div. 1st 5 s. 1908 i o i
mm
m
Michigan Central—6 s..............1909 ‘117*4
Wilmar&SiouxF.—1st, g ,5 s .l9 1 i 102 m mm*
»m
Coupon, 5s................................1931 114*4
San Fran. & N. P .—1st, g., 5 s.l9 1 9
87
Mortgage 4 s .............................1940 98
100
South Carolina—
2d, 6 s...........1931
Bat.C.&Strgis.—lst,3s,g.gu . 1989
133*«
Inoome, 6 s . . . . . . . ......... .....1 9 3 1
•w m m
mm
__M
128*4 131*s Mil. L. 8.&W.—Conv. deb., 5 s .1907
So. Pae. Coast—1st, guar.,4s. 1937
Mich. D iv., 1st, 6s.................. 1924 123 124
*141*«
Ter.RK. As’n of S t.L .-lst,4*48.1939
Ashland D ivision—1st, 6s ..1 9 2 5 125 128
114
Texas &New Orleans—1st,7s. 1905 100
Incom es...................................
Sabme Division, 1st, 6 s....... 1912
120*4
139 139% Minn.& St. L.—1st, g. 7 s .........1927 118
Consol. 5s, g ........................1 9 4 3
90
Iow a E xtension, 1st, 7 s....... 1909 115*4 120
T es. & Pac., E. D .—1st, g. 6s. 1905 106 .........
102*8
140
2d m ortg., 7 s........................... 1891 124*4
Third Avenue (N.Y).—i s t 5 s , 1937 118*4 120
*
Southwest E xt.—1st, 7 s....... 1910 140
131
Tol. A. A. & Cad.—6 s ................1917
Pacific E xt.—1st, 6 s .............1921 113*4 114*4 Toledo A. A. &G’dTr.—g. 6S.1921 72
120
81
144
Impr. & equipment, 6s.........1922 110 115
Tol. A. A. & Mt. Pi.—6 s...........1919
60
Minn. & Pao.—1st mortg., 5 s .1936
Tol. A. A. & N. M.—5s, g ......l 9 4 0
Minn.St.P.&S.S.M—lstc .g .4 s .l9 3 8
T.&O.O.—Kan.& M., Mort. 4 s.l9 9 0
74
Mo.K.&T.—K.C.&P., 1st, 4s, g. 1990
100*4
Dal. & Waco—1st, 5s, g u ..,.1 9 4 0 *
80
Missouri Pacific —Trust 5 s .. . 1917
92
1st, 6 s .................................. ...1 8 9 7
1st coll., 5s, g ......................... 1920 *
112*3
1st. 6 s ...................................... 1898
70
....... *
St L.&I. M.— rk.Br.jlst, 7s. 1895 100*4 101
A
Collaiera’ Trust, 6 s ............. 1908 *75 -•4-a«
Mobile & Ohio—1st ext., 6 s ... 1927
75
Collateral Trust, 5 s.............. 1907
St. L. & Cairo—Is, guar....... 1931
Kan*a» Pacific—1st 6s, g ...l 8 9 5
Morgan’s La. & T.—1st, 6 s .... 1920 *111
100
1st, 6s, g ...............................1896
109 109*4
C. Br. U. P - F . 0., 78...........1895
*124*8
100
Nash. Chat."& S t.L .—2d," 6 s" 1901
115
Atch. Col. A Pao.—lsA 6 s... 1905 38
108*« 1 0 9 ‘s N. O. &. No. R.—Pr. 1., g., 6 s.. 1915 *108
Atch. J. Co. & W.—1st) 6 s ... 1905
40
113 115
N. Y. Central.—Deb. g. 4 s___1905 103
U. P. Lin. & Col.—1st, g., 5s. 1918
....Mi
N. J. June—Guar. 1st, 4 s ... 1986 *98
IOC
Oreg.S.L. & U.N. ,001. trst. ,5s. 1919
30 '
Beech Creek—1st, gold, 4 s .. 1936 *103
Utah & North.—1st, 7s.........1908
*105
Osw. & Rome—2d, 5s, g.,gu. 1915 105
Gold, 5 s ....... ....................... 1926
U tica & Bl. Riv.—4s, g., gu.1922 102*4 103*4
128*«
Utah Southern—Gen., 7s ..1 9 0 9
N. Y. & Put.—1st, g., 4«. gu.1993 *101*4 ...
Extern, 1st, 7 s ................... 1909
• mm m
mrn *67*«
N. Y. N. H. & H.—lBt, rev 4 s. 1903
Valley R’y Co. of O.—Con. 6 s .1921
......
N. Y. & Northern—1st, g. 5 s .. 1927 116
Wabash—Debenture, Ser. A .. 1939
100 N. Y. Susq. & West.—2d, 4*«s. 1937 *83
Det. & (JUic. Ext. 1st, 5s, g . . 1940
98"
Gen. mort., 5s, g .................. 1940 *90
No Missouri—1st, 7s. .....1 8 9 5 103
*102
N. Y. Tex. & Mex.—Ist,4s,gu .l912
St L..K.C.&N.—
R.E.&RR.7S.1895 105
North’n Pacific—D ivid’d scrip ex t. 24
St. Charles Br’ge—1st,6 s.. .1908 106
30
105 108
Jam es River Val.—1st, 3 s ...1936
West Va. C. & Pitts.—1st, 6s. 1911
____ Wbeei.&L.E.—1st. 5s, g o ld ... 1926
Spokane < Pai.—1st, 6 s .....1 9 3 6
fe
St.Paul & N. P .—Gen., 6 s .. 1923 . . . . . . . . . . . .
Extension<fcImp, g., 5 S .....1 9 3 0
: No price Friday; these a,io the latest quotations made this week. F o r I l l s j e l l a u e o u * a n d U n l i s t e d H a n d s .
d page preceding

Cent, of N. J.—Conv. deb., 68.1908
Central .Pacific—Gold bds, 6s, 1895
Gold bonds, 6 s ...................... 1896
Gold bonds, 6 s ....................... 1897
San Joaquin Br., 6 s ...............1900
Mort. gold 5 s........................... 1939
Land grant, 5s, g ....................1900
f al. & O, D iv., ex t., g. 5 s ... 1918
West. Pacific—Bonds, 6 s___1899
Wo. Railway (Cal.)—1st, 6 s. 1907
50-year 5 s .............................1938
Ghes, & O.—Pur. M. fund, 6S.1898
6s, gold, series A ....................1908
Craig Valley—1st, g., 5 s ....1 9 4 0
Warm Bpr. Val., 1st, g. 5 s .. 1941
Obes. O. & So.West.—1st 6s, g.1911
2d, 6 s . . . ....................................1911
Oh. V.— en .con .lst,gu .g,5s.l938
G
Chicago & Alton—S. F., 6 s . . . . 1903
Louis. & Mo. River—1st, 78.1900
2d, 7 s ,......................
1900
St. L. Jacks. & C hic—2d, 7S.1898
Miss.R. Bridge—1st, s. f., 68.1912
Chic. Burl. & N o r—1st, 5 s .. ..1 9 2 6
D eb en tu res«....... ............ ....1 8 9 6
Ohio. Burling. & Q.—5s, s. f.,1 9 0 1
Iow a DiV.—Sink, fund, 5 s .. 1919
Sinking fund, 4 s .................. 1919
Plain, 4 s......... .........................1921
Chic ¿ In d ia n a C o a l—1 s t 5 s. 1936
Chi. Mil. & S t.P .—lst,8 s,P .D .1 8 9 8
2d, 7 3-lOs, P. D ....................1898
1st, 7s, $ g., R. D ....................1902
1st, I. & M., 7 s ....................... 1897
1st, I. & D .,7 s ....................... 1899
1st ,C. & M .,7 s....................... 1903
1st, I. & D. Extension, 7 s .. .1908
1st, La C. & D av., 5 s ............. 1919
1st, H. & D .,7 s ......................1910
1st, H. & D .,5 s ....................1 9 1 0
Chicago & Pacific D iv., 6 s ..1910
Mineral Point Div. 5 s...........1910
C. & L. Sup. D iv., 5 s............. 1921
Fargo & South., 6s, A s s u ...l9 2 4
Inc. conv. sink, f u n d ,5 s ....1 9 1 6
D akota& G t. South., 5 s . . ..1 9 1 6
Mil, & Nor. main line—6 s ...1 9 1 0
Chicago & y orthwestern—
30-year deb. 5 s ....................... 1921
Esoanaba & L. S. 1st, 6 s ....1 9 0 1
D esM . & Minn.—1st, 7 s ....1 9 0 7
Iow a Midland—1st, 8 s......... 1900
Peninsula—1st, conv., 7 s . . . 1898
Chic. & Milwaukee—1st, 7 s. 1898
Win. & St. P —2d, 7 s.............1907
Mil. & Mad.—1st, 6 s ............ 1905
Ott. C. F. & St. P .—1st, 5 s .- 1909
Northern 111.—1st, 5 s ......... . 1910
Oh.Peo. &8t.L.—Con. 1st,g.5s. 1939
Chicago Rock Island & Pacific—
D. M, & F. D. 1st 4 s ...............1905
1st, 2*48.........
1905
Extension, 4 s .................. ..1 9 0 5
Keokuk «feDes M.—1st, 5 s ..1923
Chic. & St.L.(Atclk)—1st, 6 s.. 1915
Ohio. St. Pi & Minn.—1st, 6s. ..1918
St. P aul & 8. C.—1st, 6 s....... 1919
Chic. & W. Ind.—1st, s. f., 6 s .1919
General m ortgage, 6 s ...........1932
(fin Ham. & D .—Con. s. f., 7S.1905
2d, gold, 4*28...........................1937
Cin. D. & Ir’n—1st, gu. 5s, g. 1941
d e v . Ak. & Col.—Eq. & 2d 6s. 1930
O.G.C. & St. L., Cairo div.—4s, 1939
St.Lou.Div.—lstco l.ts’t4 s,g .l9 9 0
Bpring.&CoLDiv.—ls t,g .4 s. 1940
WbiiteW.Val.Div.—1st,g. 4s. 1940
<fin.Wab.&M.Div.—Ist,g .4 s.l9 9 1
O n. I. St. L. & C.—1st,g.,48.1936
C on sol, 6 s . . . . . .....................1 9 2 0
Cin.San.&CL—C on.lst,g.5s, 1928
GLCol. Cin. & Ind.—1st, 7 s,s.f.l8 9 9
Consol, sink, fund, 7 s ...........1914
d e v e . & Mah. V.—Gold, 5 s ... 1938
Columbia & Green.—1st, 6 s. . . 1916
Del. Lack. &W.—Mort. 7 s___1907
Byra. Bing. & N. Y.—1st, 7s. 1906
Morris & E ssex —1st, 7 s . . ..1 9 1 4
Bonds, 7 s .................
1900
7 s of 1871.............................1901
lst^con ., guar., 7 s.............1915
Del. & H ud. Can.—Coupon 7s,1894
Pa. D iv., coup., 7 s.................1917
Albany & Susq.—1st, gu.,7s. 1906
1st, cons., guar., 6 s......... . 1906
Bens. & Sar.—1st, coup., 7s. 1921
Denver City Cable—1st, 6 s ... 1908
D env. Tramway—Cons. 6s, g .1910
Metropol. Ry.—lst,g u . g.6 s.l9 1 1
Denv. & R. G.—Im p .,g., 5 s ... 1928
Duluth & Iron Range—1st 5s. 1937
B . Tenn. Va. & Ga.—1st, 7 s ...1900
D ivisional 5 s . . .............
1930
E q .& lm p .,g .,5 s ................. 1938
Mobile & Birin.—1st, g .,5 s.. 1937
Alabama Central—1st 6 s ... 1918
Brie—1st, extended, 7 s....... ..1 8 9 7
2di extended, 5 s .................... 1919
8a, extended, 4*48..................1923
4th, extended, 5 s . . ............... 1920
6th, extended, 4 s................... 1928
1st, con., g., f’d, 7 s ...............1920
Reorg., 1st lien, 6 s.................1908
B. N. Y, & E .—1st, 7 s .......1 9 1 6
N. Y. L. E. & W.—Col. tr.,6s.l922
Funded coup., 5 s.................. .1969
Buff. & S. W.—Mortg. 6s___1908
■Jefferson—1st, gu. g. 5 s ___1909
Coal &RR.—6 s....................... 1922
D o ck '* Im pt.,1st 6s, cur’cy.1913
Eureka Springs—1st, g., 6 s ... 1933
E vans. & T .H .—1st,c o n s.,6 s..1921
1 st, general, g., 5 s ................ 1942
Mt. Vernon 1st 6 s ................1923




A u g u st 4

THE CHRONICLE.

1894."

R oads .

fm r je stw e u l

% u td ltQ m c t.

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

RAILROAD EARNINGS.
Latest E arn in gs Reported.
B oa d s.

Weekor Mo

1894.

1893.

Jan. 1 to L atest Date.
1894.

1893.

I
$
Adirondack..... M ay.
13,988
70,977
67,458
13,337
Ala. M idland... M ay.
36.356
221,223
190.726
32.901
Allegheny V al. ¡June
946,852 1,319,449
151,558 235.791
Annap. W. A B.. ¡April
4,009
17,359
14,049
4,085
Ark. Midland. ¡May.
6,861
32,305
33,003
4,973
Atoh.T.AS. Fe. 3a wk July 443,627 644,295
St. L. & San F 3d wk July 112,967 114,268
Atlantic& Pae 3d w k Ju ly
37,179
60.620
Col. Midland.. 3d w k Ju ly
25,021
25,975
Agg. to ta l... 3d w k Ju ly 618.794 845,158 19,706,217 26,089,033
AtlantaAChar.a A pril.......
51,490
226,446
263,301
57,819
A tlanta A W P M a y ......
32.654
192,234
176,856
28,429
Austin A N’west May
22,149
97.154
104,499
15,077
B.AO.EastLines June
1.313,747 1,708,713 7,530,520 9,320,880
W estern Lines June
359,779 523,416 2.088,631 3,098,830
T o t a l ........ June . . . . . . 1,673,526 2,232,129 9,619,15 12,419,710
Bal.AO.Sou’w.d 4thwkJuIy 168,961 175.139 3, .¡96,795 3.843,690
1.512
BathA H am ’nds M a y ....
7,883
8.762
1.834
Bir. & A tlantic.. J u n e .........
1,562
10.915
17,171
2.363
Brooklyn Eiev .. 1th wkJ uly
27,628
30,2 U 1,033,043 1,121,926
Buft.Roch. APitt 3d wk J uly
67,881
71,650 1,268,110 1,871,170
Bur.C.Rap. & N 3d wk July
57,116
63,354
Oamden A A tl.. June
89.930
315,826
344.533
82.547
OanadianPacific 3d w k Ju ly 355.000 428.000 9,177,769 10,747,997
Oar.Cum.GACh A pril.........
4,603
15,863
17,735
3,227
Oar. M idland.... J u n e .........
21,644
2,466
23,510
2,491
Central of N. J .. J u n e ......... 1,219,425 1.320.297 5,755,286 7,136,867
Central Pacific.. M ay........... 1,116,827 1,330,248 4,866,755 5,443,546
Central of 8. C.. A p ril.........
6.162
39,356
36,807
7,797
Ghar.Cin.AChi<5. June
81,454
10,350
77,497
9,82
Oharlest’nASav. M ay...........
45.510
324,307
312.717
59,271
Ohar.8um.de No. J u n e .........
8.300
81,790
79,156
7,500
Chat’a ua Lake.. M ay...........
3,454
21,250
15,557
4,904
Oheraw.ADarl.. M ay...........
4.512
42,994
36,325
5,924
C h es.& O h io .... 3d w k J u ly 192,339 203,327 4 ,5 8 6 ,103 5,528,530
Ohes. O. A So. W. M a y ....... . 161,875 185,229
986,352
809,938
Ohio. B ur.A N o. J u n e ___
132,751 167,205
798.718 1,177.265
Ohio. Bur. A Q,. J u n e ......... 2,363,448 3,292,679 15,160,140 18,976,009
Chic. A East. 111. 3d wk July
81,593
88,261 1,584,185 2,389,504
OhloagoA Erie. M a y ........ 172,574 232,998
908,248 1,211,191
Ohio. Gt. West’n 3d w k Ju ly
55,475
71,436 1,799 094 2,296 432
Ohlo.Mll.deSt.pt 4thw kJuly 695,493 781,518 15,457,521 18,803,719
Ghlo.AN’thw ’n / J u n e ......... 2,440,044 2,9 1 2 ,2 .4 13,966,78 16,072,920
Ohio.Peo.&S.L... 3d w k Ju ly
19,751
611.847
474,085
19.114
Ohio. B ’k I .A P .. J u ly ........... 1,018,436 1,542,114 9,051,243 10,536,668
Ohio.St.P.M.AO. J u n e ....... . 610,206 655,385 3,5 12,098 3,866,271
Ohio, de W. Mich. 3d wk July
802,*54 1,026,628
27,575
32.114
Oin. Ga. < Ports. J u n e .........
fc
31,623
5,494
31,635
5,789
Oin.de Kent. Sou M ay...........
932
6,125
4,545
1,721
Oin. Jack de Mao. 3d w k Ju ly
12,762
375.489
325,169
12,284
W n.N.O .deT.P. June
251.000 343,614 1,643,<J00 2,0' M,965
Ala. Gt. South. June
877,962
65 ',000
1«>2,000 139,829
N. Orl. de N. E. June
549.000
82,000 1 0 6 .0 0 0
695,726
Ala. de Vioksb. June
23 ,000
266,846
32.000
4o;ooo
Vicks. Sh. A P . June
246,552
30.000
236.000
33,000
Erlanger Syst. June
4*7,000 662,4 43 3,317,000 4,09 s,051
Oin. Ports, de VU June
117,121
128,843
24,348
24,176
Col. de Maysv. June
4,906
6,799
997
1,293
Oev.AkronACo. 3d wk May
3 3 4 ,4 0 1
378,240
16,064
18,093
CL Cin.Ch.deS.L. 3d w k Ju ly 248,126 272,665 6,468,737 7,466,994
Peo. A E ast’n. M ay........... 116.663 142,108
596,343
665.443
Col. Newb. de !.. A pril.........
26j092
32,946
5,204
3,849
OoL H. V. de Toi. M ay........... 104,886 243,309
914,830 1,328,940
OoLShawneedcH 3d w k Ju ly
14,49
25,808
Oolusa de Lake.. J u n e ____
7,667
10,555
1.300
1,900
Crystal...............M ay.............
4,283
6,934
711
1,342
Oumb’ld Valley M ay...........
343,244
285.360
60,013
77,631
Current R iver.. 3d w kJuly
1.510
67,734
68,847
2,660
Denv. de Rio Gr 3d wk July 108,900 104,400 3,264,801 4,621,846
Det.Lans’gANo 3d wk July
549,921
645,124
18,347
21,267
DaiuthS.S.AAtl. 2d w k Ju ly
829,169 1,128,677
49,980
44.356
D aluth & Winn.. M ay...........
106,510
50,480
8,773
25,345
JS.Tenn.Va.de Ga 3d w k Ju ly
89,842 2,702,323 3,137,936
79,658
E lgin. JcLAEast J u n e .........
460,673
493,012
65,987
55,563
Eureka Springs. A p ril.........
21,442
28,218
5,788
8,028
E vans delnd’plis 3d wk July
199,289
139, 42
5.654
7,561
Evans, de R ich .. 3d w kJuly
76,836
1.622
1,922
56,753
Evuiisv. A T . H. 3d w k Ju ly
692,114
570,510
22,089
29,785
Fitohbtug...........J u n e ........... 60 L,733 709,291 3,175,927 3,664,131
F lin t A P.Marq. 3d wk J uly
40,102
50,660 1,33 *,003 1,641,392
Florenoe............. A pril...........
58,230
65,352
14,854
12.847
Fhl.Cnt. APenin J u n e ......... 155,981
806,470
99.628 1,203,771
F t. W. & Rio Gr J u n e .........
189,530
120,220
27,121
15,325
Gads, de Att. U.. J u n e .........
5,121
3,137
531
723
G eorgia RR.. . . . 3d w kJuly
722,424
667,281
19.547
18,656
<Ga. Oar’la de No J u n e .........
242,574
334,532
40,521
45,532
414,694
422.832
Geo. So. & F ia ... J u n e .........
69,984
71.559
Gr, Rap. de Ind.. 3d wk J uly
42,9 8
990,298 1,279,465
37,883
a Cin. R.de Ft. W. 3d w k J u ly
203,814
258,438
7,741
9,779
34,432
27,112
y Traverse City. 3d wk July
590
1,287
54,802
83,550
j. Mus. G. R. de I. 3d w k Ju ly
2,143
2,263
T otal ail line». 3d w k Ju ly
50,515
54,099 1,276,026 1.655,835
Grand Truck . . . W kJuly 28 328,393 390.170 9,680,408 10,928,715
Ohio, de Gr. Tr. W kJuly21
46,291
74,188 1,515,848 1,990,157




189
L atest E arn ings Reported.

1Weekor Jfoj

AND

I R a ilr c r a tT

|

1894.

|

1893.

j Jan . 1 to L atest Date.
|

1894. j 1893.
Gr.Tr’k ( Con.)—
Det.Gr.H.A M, Wk July21
19,026
21,820
511,896
596,756
Jeorget’n A W’n April.........
2,527
4,155
12,694
15.291
Gr. P.Wal. de Br. AprU.........
1,537
1,611
6,453
7,023
Great North’n , St. I .M . AM . June . . . . . . 770,160 1,245,844 4,167,379 5,930,367
East, of Minn J u n e .........
71,983 107,792
399,155
476,502
Montana Cent June*......... 140,694
87,8291
699,027
572,872
Tot. system . J u n e ......... 982,837 1,441,465 5,255,561 6.979,741
Gulf de Chicago. J u n e .........
2,609
2,646
20,135
19.971
H artsvU le....... . A p r il..___
299
420
3,300
4,993
Hoo8.Tun.deWU. J u n e .........
3,348
2,978
17,735
17.274
Hous. E. AW. Tex M a y .......
27,417
32,495
164,578
179,515
Humest’ndcShen I u n e _
_
9,000
8,976
56,800
63,009
Illinois Central. f n n e ........ 1,349,768 1,952,406 8,529,757 9,900,831
Ind. Deo. & West. 3d w kJuly
10,044
8,872
189,067
246,510
In. A Gt. North’u 3d w k J u ly
48.764
57,088 1,549,662 2,162,316
ilnteroo. (Mex.) Vk Ju ly 14
37,860
33.293 1,309,275 1,177,785
Iowa Central. . 3d w k July
32,294
29,172
896,211 1,001,420
Iron RaHway. J u n e .........
2.411
5.019
19.534
22,486
Jack. T. & K. W J u n e .........
49,433
474,096
52,158
487,199
KanawhadeMicb 3d w k Ju ly
6,606
5,105
191,522
186,449
Kan.C. 01. A 8 p . 3d w k Ju ly
5,723
3,565
151,622
145,128
K.C.F.S.AMem 3d wk July
79,217
64,081 2,037,860 2,404,243
K.C.Mem.deBir 3d w k Ju ly
17,930
15,377
533,745
584,922
K. C. P itts. & G. 3d w k Ju ly
8,076
6.993
180,084
66,314
Kan.C. Sub.Belt 3d w kJuly
6,765
5,504
129,556
125,456
Kan.C.Wy.deNW 3dwk June . 4,617
6,174
145,968
152,789
Kan.C.ABeat. 3d wk June
213
230
5,520
6,481
Keokuk & West: 3d w k Ju ly
6.008
197,184
6,517
201,914
L. Erie All. A So. June
3,785
6,713
32,753
40,189
L. Erie & W est.. 3d wk J uly
66.671
63.247 1,674,179 1,992,046
Lehigh & H u d .. J u n e .........
42.764
48,711
200,529
269,838
Long Isiand___ May........... 375,510 389,213 1,363,637 1,415,973
Louis.& Mo.Riv. M ay...........
24,472
33.232
124.653
165,600
Louis.Ev. &St.L. 3d w k Ju ly
26,640
30,681
743.458
965,508
Louis v.ANashv. 31 w k Ju ly 364,485 379,155 10.115,764 11,988,516
Loui s.N. A. de Ch. 3d w k Ju ly " -59,923
66,606 1,413,387 1,810,595
Lou.8t.L.ATex. 3d w k Ju ly
8,375
9,973
219,201
325,893
Louisv. S o u th .. 3d w k Ju ly
11,837
12,518
323,129
375,312
Macon A Birin.. J u n e .........
5,601
5,418
36,254
33,730
Manches deAug. A pril.........
604
1,122
3,630
5,721
Mania tique........ June
10,761
8,065
30.977
66,223
MemphisAChas. 3d w k Ju ly
18,007
19,741
667.616
791,408
{Mexican Cent. 3d w k J u ly 138,596 131,616 4,728,341 4,431,307"'
Mexican Inter’l. May
163,751 173,743
883,118
886,445
tMex. National. 3d w k Ju ly
72,284
63,567 2,332,693 2,412,488
Mex. N orthern. May
58.409
268.906
t Mexican R’way W kJuly 21
59,093
53,145 1,764,332 1,730,962
Mexican So. .. W kJuly 14
3,293
144,825
9,138
93,849
Minneap.ASt.L June
791,540
133.928 166,547
859,708
Mo.Kan. A T e x .. 3d w k Ju ly 172,066 192,513 4,662,605 5,228,545
Mo.Pac.AironM 3d w k Ju ly 360,207 401,883 11,514,222 13,937.287
Mobile de Birni. 3d w k Ju ly
140,014
3,827
4,115
154,259
MobUe& O hio.. J u n e . . . . . . 247,439 259,748 1,591,261 1,666,845
Mont. & Mex. Gif J u n e .........
565,694
84,643
90,000
536,213
Nash.Ch.de St.L. J u n e ......... 350,289 382,256 2,251,539 2,457,356
Nevada Central A p rU .......
9,254
4,283
2,226
15,879
N. Jersey deN.Y F ebruary.
20,306
19,435
42.799
41,971
NewOrl.ASo’n . J u n e .........
48,032
5,793
8,498
63,660
N .Y .C .A H .R ...e J u n e ____ 3.500,412 4,197,306 19,800,855 22,670,813
N. Y. L. E. AW . J u n e ......... 2,180,421 2,668,683 11,379,056 14,488.357
N. Y.Pa.deOhio.. M ay........... 413,227 621,980 2,100,773 2,942,756
N. Y & Putnam. April.........
174,101
48,675
46,725
178,958
N. Y. Ont. A W . 4thw kJuly 122,955 134,915 2,115,863 2,204,072
N.Y.Susq. de W.. June
803,055
157,501 165,153
832,636
Norf.de South’n. June
47,784
234,958
44,495
234,153
Norfolk & West. 3d wk July 213,094 195,087 5,448,624 5,649,309
N’theast’n (S.C.) A p r il......
250,278
62,447
50,963
277,406
North’nCentral. June . . . . . . 493,411 653,105 2,697,147 3,494,531
North’nPaoifio. J u l y ....... 634,798 L,620,821 6,786,872 11,248,365
Oconee & W est. J u n e .........
15,589
1,592
2,570
7,317
Ohio R iver......... 3d wkJuly
347,624
16,851
15,997
424,060
Ohio Southern.. Istw k Ju ly
10.677
17,147
Omaha & St. L .. May.
181,657
45.678
27,219
243,138
Oregon Imp. Co. May.
310,940 347,942 1,496,506 1,487,697
P ennsylvania... June
4,162,281 5,782,462 26,248,177 33,885,417
PeoriaDeo. AE v. 3d w k Ju ly
19,762
412,692
14,691
487.392
Petersburg......... M ay.........
50,421
231,219
46,326
244,208
PhUa. & E r ie ... M a y ...j ..
309,608 507,784 1,354,245 1,991,448
Phila. & Read’g. J u n e ....... 1,997,307 2,024,749 9,309,553 11,074,936
Coal A ir. C o... J u n e ....... 2,348,984 2,098,301 10,225,838 11,363,006
TotalbothCos. J u n e ....... 4,346,291 4,123,060 19,535,391 22,437,942
P itts. Mar. A Ch. J u n e .......
16,032
3,394
2,415
19,748
Pitt. Sh en. AL. E . J u n e . . . . . .
46,105
168,687
31,260
198,739
581,100
Pittsb. A West -- J u n e ......... 100,076 151,740
727,982
290,973
Pitts. Cl. A Tol. June . . . . . .
89,648
50,400
4 Ì0 .7 6 2
P itts. Pa. A F. J u n e . . . . . .
41,053
127,857
26,948
154,124
Total system .. 3d w k July
60,109 1,130,879 1,484,483
47,018
_
Pitt.Young.A A. J u n e _
447,338
92,101 188,830
725,785
Pt. Royal deAug. M ay...........
14,929
13.409
127,538
132,275
Pt.Roy.AW.Car. A p ril........
129,247
19,326
25,643
120,245
110,998
22,768
19,660
Quincy O. A K.C. J u n e .........
132,184
Rich’d A D anv. 3d w k Ju ly 158,886 153,313 4,610,813 4,873,936
948,322 1,026,022
35,957
Georgia P a c.. 3d w k Ju ly
37,369
15,614
Char C.AAug, 3d w k Ju ly
36 «,346
17,103
365,699
Col. A Green v 3d w k Ju ly
299,675
8,457
8,299
284,530
Total............ 3d w k Ju ly 221,657 213,341 6,223,186 6,550,187
74,164
297,677
Rioh.Fr’ksb.AP. M ay....... .
63,300
341.393
138,646
32,893
Rich. A Petersb. M ay...........
28,348
152.421
179,461
5,727
6,304
Rio Gr. South’u. 3d wk Ju ly
317.731
46,900 1,033,503 1,239,174
Rio Gr. Whst’n .. 3d wk J uly
31,425
Sag.TuscoiaAH. J u n e .........
53,657
11,738
11,080
58,310
34,855
8.943
7,633
Sag. Val. A St. L. M ay...........
38,498
682,213
26,720
29,650
St. L. A. A T. H 3d wk J uly
855.696
13,315
St.L.Ken’etASo J u n e .........
1,815
2,149
13,781
73,400 2,118,039 2,640,833
8t.L.Southw’rn. 3d wk J uly
62,100
624.751
St.PauiADuTth Juue ...¿ .. 125,636 156,593
827,450
127,018
San Ant. < A. P January.
se
127,038 147,449
147,449
416,391
15,205
S.Fran.AN.Pac. 3d w kJuly
15,546
434,845
207,923
4L,617
32,900
Sav. Am. A Mon. June . . . . . .
262,435
Sav.Fia. A Vest. May........... 199,4 r i 227,696 1,361,313 1,360,709
4,212
141,153
Sher.Shrev.A So 3d w k Ju ly
141,402
3,867
9,852i
9,079
6,500
SHverton............ J u n e .........
24,603
62,220
23,390
March.......
72,810
Sioux City A No
17,506
So. Pacific Co.—
GaLHar.AS.A M ay........... 346,429 350,885 1,635,623 1,850.088
391,368
84,880
477,010
67,455
Louis’aW est. May...........
Morgan’sL AT May........... 463,556 430,160 2,234,556 2,196,850
89,836
20,571
92,016
17,846
N.Y.T. A Mex. M a y .......
613,212
792,113
121,509 155,723
Tex. A N , O rl.. May.........
Atlantic sys.6. May......... 1,021,426 1,045,433 5,039,828 5,460,098
Pacific system M ay........... 2,603,470 3,112,519 12,266,778 13,687,698
Total of a il.. M a y ..------ 3,624,896 4,157,951 17,306,606 L9.147.795
So. Pac of Oa1 M a y .... . . . 733,672 908,570 3,819,771 4.2 L3,981
851,*72
891,224
So Pac.of Iriz M ay.......... 163.410 164,727
384,674
77,472
426,999
75,061
So Pac.of LM M ay...........

THE CHRONICLE.

190
L atest E arm n gs Reported.
R

o a d s.

Week or Mo

1894.

Jan. 1 to Latest Date. |
1894.

1893.

1893.

$
$
$
8
80.967
107,892
17,150
23,286
South B ou n d ... April.........
679,049
587,639
81,195
68,000
South Car. & Ga J u n e .........
5,092
4,943
639
657
S ou th * N or. Car. A pril.........
37,308
44,523
7,722
9.476
Spar. Un. &Col. A p ril........
462,617
456,126
127,827 116,722
Staten Isl. R. T. J u n e .........
9,036
7,895
2,762
2,330
BtonyCL&CMt.. May...........
652,300
462,23»
82,938 110,561
Summit Branch. J u n e .........
553,240
409.610
96,409
71,773
Lykens Valley June . . . =r.
871,896 1,205,540
Tot’lb o th Co’s June . . . . . . 154.711 206,969
T exas & Pacific. 3d w k Ju ly 103.553 102,999 3,208.796 3,539,343
26,150
20,475
4,071
2,544
Tex.S.Val&N.W J u n e .........
598,717
578,187
24,956
30,981
Xol. A. A.&No.M. 4thw kJuly
831,454 1,131,719
44,369
66.000
Tol. &Ohio Cent. 4th wk July
514,763
446,767
18,333
19,278
Tol. P . & W est.. 3d w k July
732,292
983,307
33,742
42,086
T o l.8 t.L .* K .C . 3d wk July
140,359
136,503
36,851
31,698
U lster * D e l— May............
Union Pacific—
Un. Pac. RR-- M ay........... 1,188,715 1,510,993 5,377,513 8,975,703
O r.S .L .* U .N M ay........... 423,456 648,202 1,964,293 2,589,370
Or.Ry. & N.Co M ay........... 246,070 343,567 1,130,414 1,517,549
U .P a c.D .& G . M ay........... 236,614 356,672 1,107,258 1,668,373
640,692
439.610
89,671 143,290
F t W’th&D.C. M ay___ . . .
431,991
83,954
356,438
70,681
St.Jos.&Gd.lp. M a y .......
76,797
51,10b
12,093
10,213
Kan.C.&Om. M ay...........
656,185
502,06?
18,914
18,932
T ot.3t.J.*G .I. 3d wk July
215,567
184,335
39,431
38,116
Cent.Br........... M a y .. . . . . .
Ach.Col.&P. ) M ay....... .
247,603
166,156
41,053
35,210
Ach.J.C.&W 5
323,077
150,788
34,804 101,833
Montana U n .. M ay..........
18,269
18,490
5,035
3,998
Man. Al. & B ur. May...........
Gr’d total.*« May — . . . 2,533,221 3,454,118 11,779,988 15,843,516
W abash.............. 4thwk J ’ne 265,806 393,226 5,337,497 6,534,058
81,981
67,227
15,824
11,623
Waco & Nor thw M ay......... .
772,926
674,369
W est Jersey....... June _____ 141,264 168,888
455,421
372,560
56,717 105,606
W .V.Cen.* Pitts M ay...........
116,950
113,425
34,976
32,484
W est Va.& Pitts. A pril.........
195,727
205,854
33,436
39,447
W estern of Ala.. M ay...........
556,570
532,274
106,863 105,99J u n e ____
W est. Maryland.
76,700
69,000 1,535,918 1,998,600
W est.N.Y. &Pa. 3d wk,' uly
879,921
628,046
43,584
42,767
4thwkJuly
Wheel. & L. Erie
7,954
7,275
1.742
1,86s
Wil.Ckad.&Con. A pril.........
247,372
2 1 4 ,4 0 1
52,120
42,601
A pril.........
Wil. Col. & Aug.
4.490
37,216
36,143
7.174
Wri o-T
ito'cr. A Tati J u n e .........
.
t ln eiu a es M ilw a u k ee* Northern for a ll periods.
* Figures given do not include Leavenworth Topeka & Southwestern.
a Figures cover only th at part of m ileage located in South Carolina
b Includes earnings from ferries, etc., not given separately, i M exi­
can currencv. c Include s only half of lines in which Union Pacific has
a half interest, d in eludes Ohio & Mississippi in both years. « E sti­
m ate based on quarterly returns. / In June, 1894, Mil. Lake Shore &
Western included, but r o t for 1893. Previous m onths this road in ­
cluded in both years.

[Vol. LIX.

Net Earnings Monthly to Latest Dates.—The table fol­
lowing shows the net earnings reported this week. A full
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 C h r o n ic l e o f July 21. The next will appear in the
issue of August 25, 1894.
,
Gross Earnings.
----- Vel E arnings.—
1894.
1893.
1894.
1893.
9
$
$
Roads.
$
63,531
154,953
62.054
Br’klyii E levated -a. June
146,022
360,949
433,967
995,698
Jan. 1 to June 3 0 ___
917,598
340,7 4 3
669.981
Ju ly 1 to June 3 0 ... 1,761,180 1,947,130
7 2 2 ,3 2 7
435,957
Canadian P acific.a..June 1,458,683 1,890,873
Jan. 1 to Juae 3 0 ___ 8,137,769 9,459.997 2,285,231 3 ,06 9 ,2 7 0
17,185
21,729
167,205
Chio.Bur.* N orth.b.June
132,751
383,431
163,045
Jan. 1 to June 3 0 ....
798,718 1,177,265
80 '.9 0 S 1,062,804
Ohio. Burl. & Q uin.bJune 2,363,448 3,232,679
Jan. 1 to June 30 ___ 15,160,140 13,976,009 5,307,231 5,814,107
7,898
52.158
14.091
Jack. Tam. & K. W ...Juue
49,433
194,846
437,199
212,058
Jan. 1 to June 3 0 . . . .
474,093
104,800
25 ,3 4 9
371,618
Kau. C.Ft. S.&M .a. .June
368,284
615,041
687,315
Jan. 1 to June 30 ___ 2,354,201 2,70 L,364
July 1 to June 3 0 .... 4,890,018 5,661,308 1,438,035 1,500,012
233,099
682,235
227,207
Mexican C en tral....Ju n e
692,740
Jan. 1 to June 3 0 .... 4,293,931 4,059,102 1,376,950 1,399,646
331,160 *139,842 *111,013
Mexican N ation al...Ju n e
347,894
Jan. 1 to June 3 0 ___ 2,119,760 2,218,495 *884,546 *796,225
74,583
51.991
165,133
N. Y. Sus. & W est.b .Ju n e
157,501
349,095
299,782
832,636
Jan. 1 to June 3 0 ___
803.055
775,147
748,320
July 1 to June 3 0 .... 1,753,328 1,756,414
20,588
47,784
13,981
Norfolk & South.......June
44,495
83,188
234,153
73,479
Jan. 1 to June 30. . .
234,938
151,108
438,972
146,888
Ju ly 1 to June 3 0 ___
437,091
219 .8 6 0
829,395
235,496
Norfolk & W est.a....T une
916,114
Jan. 1 to June 3 0 ___ 4,855,178 5,076,821 1,214,431 1,313,609
301,622
205,623
1,211,094
W abash.b....................June
831,591
Jan. 1 to Jane 3 0 ___ 5,337,497 6,534,058 1,058,293 1,384,023
14,229,444 2,723,219 3,412,839
July 1 to June 3 0 ___ 12,553,600
a N et earnings here given are after deducting taxes,
b N et earnings here given are before deduoting taxes.
* After deducting other expenditures for repairs, replacem ents and
general expenses, n et income applicable to interest on bonds in Jane
was $57,923, against $66,796 last year, and for six months to
June 30 $434,746, against $426,268 la st year. M exican dollars are
treated as equivalent to 80 cents U nited Stages m oney, and all depreciation beyond 20 per cent is charged in the above item s. Adding
earnings received from Federal governm ent total n et available for
interest for six months in Mexican currency on the 80 cents basis
w as $512,414, against $426,268 la st year.

Interest Charges and Snrplns.—The following roada, m
Latest Gross Earnings by Weeks.—The latest weekly earn­ addition to their gross and net earnings given in the foregoing,

also report charges for interest, &c., with the surplus or deficit
ings in the foregoing are separately summed up as follows:
For the third week of July our final statement covers 81 above or below those charges.
—
Inter1 rentals, <£«.— r-B ai. o f Net Earns —
1,
,
*
roads, and shows 12-41 per cent loss in the aggregate.
1894.

3d week o f July.

1893.

Increase.

$
$
Previously rep’d (36 r’ds) 4,122.291 4,679.565
644,295
443,627
Atoh. Top. & Santa Fo . .
112,967
114,268
St. Louis & San Fran..
6 ',6 2 0
37,179
A tlantic & P a c ific ......
25.975
25,021
Colorado M idland.. . . . .
63,354
57,116
Burl. Ced. Rap. & North.
88,26 i
81,593
Chicago & East. Illinois.
74,188
46,291
Chicago & Grand Trunk.
71.436
55,475
Chicago Great W estern..
19,114
19.751
Chic. Peoria & St. Louis.
12,284
12,762
Ci n. Jackson & Mackinaw
272,665
248,126
Clev. Cin. Chic. & St. L ..
14,490
25.808
Col. Sand’sky * Hocking.
1,510
2,660
Current R iver...................
21,820
19,026
Det. Gr. H aven & M ilw..
89,842
79,658
East. Tenn. Va. & Ga ...
7,56'
5,654
Evansv. & Indianapolis..
29.7a5
22,089
E vansv. & Terre H aute..
50,660
40,102
F lin t & Pere M arquette..
42,928
37,833
Grand Rapids & Indiana.
7,741
9,779
Cincinnati R. & F t. W-.
590
1,287
Traverse City.................
2.143
2,263
Musk. Gr. Rap. A Ind .
8,872
10,044
Indiana Decatur & W est.
3,565
5,723
Kan. City Clin. & Spring.
64,081
79,217
Kan. City Ft. S. & Mem..
15.377
17,930
Kan. City Mem. & Birin..
6,993
8,076
Kan. City Pittsh. & Gulf.
5,504
6,765
Kan, City Sub. B e lt.........
6,517
6,008
Keokuk & W estern.........
9,973
8.375
Louisville St. L, & Texas.
12,518
11,837
Louisville Southern........
19,741
18.007
Memphis & Charleston..
53,145
59,093
M exican R ailw ay............
3,827
4,115
M o b ile* B irm ingham ...
16,351
15,997
Ohio River............... .........
Richmond & D anville—
35,957
37,369
Georgia P acific.. . . . . . .
15,614
.17,103
Char. Col. & Aug..........
8,457
8,299
Columbia & Greenv. ..
5,727
6,304
Rio Grande Southern—
18,914
18,932
St. Joseph & Gd. Island..
29,650
26,72u
St. Louis A lt. & T, Haute.
15,546
15,205
San Francisco * No. Pao.
4,212
3 ,-6 7
Sherm anShreve. & S o ...
18,333
19,278
Toledo Peoria & West’n ..
■69,000
76,700
W estern N. Y. & P e n n ...
Total '81 r o a d s)..........
N et decrease (12-41 p.o.i

5,991,946 6,840,895

$
56,257

63/
478
'll" 3*18
1,150

2,033
' " ‘Ï20
1,172
2,158
15,136
2,553
1,083
1 ,2 6 1

'5 ,9*48
"
288

1,412
1,489
577
18
2,930
341
945
7,700
117,009

Decrease.
9
613,531
200,668
1,301
23,441
954
6,238
6,663
27,897
15,961
24,539
2,794
10,184
1.907
7,696
10,558
5,045
” "¿97

509
1,598
681
1,734
854

153

345

935,958
813,949

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

P eriod an d num ber o f roads 1894.
included.
®
3d w eek of June (74 roads) 5,561,553
4thw eek of June (75 roads) 7,254,082
1 st w eek of J u ly (76 roads) 4,295,726
‘
2d week of Ju ly (72 roads) 4.522, 04
g d w ^ekpf Ju ly (81 roads) 5,991,948




1893.
6,949,839
9,001,152
6,341,485
6,137,405
6,84 >,895

,-------Changes.------Amount.
$
jPt et»
d e l,388.286 1 P 9 8
d e l,747,070 19 41
dc2,041,759 32-26
d e l,615,201 26 31
deo.848,949 12-41

1894.
$
Roads.
800,000
Chie.Burl. & Quincy. June
Jan. 1 to June 3 0 .... 4,800,000
116,253
Kan. C. Ft.S. & M .. June
Ju ly 1 to June 3 0 .... 1,369,802

1893.
1894.
1693.
$
$
ft
822,880
1,958
239 ,9 2 4
4,937,283
5 0 7 ,2 3 L 876,822
117,707 def.11,458 def.92,353
1,349,997
68,233
150,015

Illinois Ceatral.—President Fish has sent to the employe »
of the company the following circular:
CJSICAGO, July 2 8 ,1 8 9 4 .
“ The disturbances instigated by the leaders ia the recent ‘ sym pa­
th e tic ’ strike being quelled, the President of the Iliiaois Ceatral
Railroad Company takes this method of expressing his heartfelt
thanks to th e officers and loyal m en in the company’s service for
their resolute and efficient efforts to overcom e the m alignant violence
of the mob w hile those disorders lasted. With few exceptions, the
company’s em ployes rem ained faithful to their obligations. They per­
formed their duties without fliaching, and exhibited a o )0lne3s, steadi­
n ess and intrepidity in trying situations which merit the h ig h est
praise.
,
■
The railroad companies have no power to determ ine w hat w ages th e
Pullm an Company shall pay, or can afford to pay, the men it employs.
They have no sort of control over that corporation, and no more right
to intermeddle in disputes between it and its em ployes than to inter­
fere between the employer and the em ployed in any and every other
industrial occupation. Nor w as it possible for railroad com panies
having contracts with the Pullman Company to discontinue the use o f
Pullman cars w ithout violating those contracts, and making them­
selves liable for heavy and indefinite damages. Thus, the blow aim ed
ostensibly at the Pullman Company w as really directed against the
railroads, which had confessedly given no oanse of com plaint, and y et
they and the country served by them have necessarily been the princi­
pal sufferers. A strike without a grievance can have no chance o f
success. In this ease the conception w as w ild and wholly irrational,
and certain to result in disaster and disgrace to those who took part
in it.
The m asses of the people are not lunatics nor anarchists. The lie s
told b y the hot-brained instigators of riot were in general too palpably
false to im pose on honest m ea of sane mind and common sense. It did
not, therefore, take long for the sober second thought of the American
people to assert itself on the side of law and order. It i3 gratifying to
be able to state that the public authorities in every county and tow n
along the Iliiaois Central Railroad, alm ost w ithout exception, early
saw the im becility and wickedness of the m ovem ent which had been
set on foot to gratify the humor or the m alice of a few irresponsible
agit itors, who had neither a grievance against, nor any relation to,
the railroad company. It was the folly of som e weak minds to m istake
the froth and blaster of those blatant demagogues for the voice of the
people, but the plain common sense of the great bodv of our fellow
c t iz e o s in this and other States has not failed to condemn the brutal
atrocities perpetrated, or to demand the vigorous enforcem ent of the
law s.
.
•
For the extraordinary exertions put forth in the face of great diffi­
culties by the officers and m en in the com pany’s service to protect its
property, and to perform the duty to the public to which that property
is dedicated, they w ill please accept, one and all, onr cordial thanks
and acknowledgments. Like thanks and acknowledgments are also
due and gladly tendered to all those public officers, whether Federal.
State, or m unicipal, who, seeing their duty, dared to perform it daring
the late trying ordeal, as welt as to the real associations o£ organized
labor, to the Boards of Trade, and other civic and m ercantile a sso c i­
ations from one end of the land to the other, to whose constant and
cordial support it is largely due that the disorders were eonfiaed to a.
few localities, and that the destruction of property and hindrance to
trade were not greater and more wide-spread
s r u YVES ANT FISH ,
President,

THE CHRONICLE

A u g u s t 4, 1894.]

ANNUAL REPORTS.

191

GENERAL INVESTMENT NEWS.

Boston & Albany.
(F or the year ending June 30,1894.^
The annual report says: “The gross receipts of the year
amount to $9,199,276, a decrease compared with 1893 of $379,598. The outlay amounts to $8,729,287, a decrease of $1,029,801. O wing to the grave disturbance of the business of the
country seriously affecting all railway traffic, the earnings
have fallen off more largely in the same limited time than
ever before. The work in the shops has been principally con­
fined to repairs and to changing the old to the modern vertical
plane couplers, and to substituting power for hand brakes.
About 85 per cent of the merchandise cars are now equipped
with the new coupler, and 46 per cent with power brakes.
The Statutes of the United States require railroads engaged in
inter-State commerce to equip all their cars with automatic
couplers and a sufficient number of continuous brakes by
January, 1898, and it will be seen that this company is mak­
ing rapid progress to conform to the requirements of the
statute.
“It has been the practice of the company for many years to
pay all the cost of improvements and enlargements of the
property out of current earnings: From 1876 to the present
year no issue of bonds or stock has been made, excepting the
issue in 1882 of $8,858,000 5 per cent bonds to the common­
wealth of Massachusetts to pay for 21,115 shares of stock of
the company held by the State, and the substitution of $5.000,000 of stock in 1892 for $5,000,000 of 7 per cent bonds which
came due in February of that year.
“ The trustees of the improvement fund bought in 1892 and
1893 for account of the company Beacon Park in Boston and
other lands at a cost of $800,000, and also 1,0 0 0 merchandise
cars and 10 locomotives, costing $627,000. In view of the
easy money market and the somewhat uncertain future, the
directors deemed it wise to issue during the year $3,627,000
4 per cent bonds of the company authorized by the stockhold­
ers at their annual meeting in September, 1893 ; two millions
of the proceeds of these bonds to be devoted to the payment
of the two millions 6 per cent bonds which mature July 1,
1895, and $1,427,000 to reimburse the trustees for money ex­
pended by them as above, and the balance to pay for the
elimination of grade crossings during 1895 or for such other
improvements as may seem for the best interests of the com­
pany..
“In completing the third and fourth tracks to Bacon Street,
Natick, $351,171 has been expended. Ten level public and
seven private crossings have been eliminated at a cost of
$107,285; new side tracks cost $20,776, and new stations, coal
trestles and signals, $48,794. All the above outlays, amount­
ing to $528,028, have been charged to repairs, except $200,000
which has been carried forward to the debit of third and
fourth tracks^ Fifteen thousand four hundred and seventyfive tons of 95-pound rails have been laid in the track during
the year with its complement of switches, frogs, tie plates,
and 115,000 yards of ballast.
“ The reduction in the expenses and the economies practiced
have not been made at the expense of the property, for never
in the history of the road, in a single year, has so much been
done to improve the permanent way as in the twelve months
just closed. The improvement and Ware River funds have
received during the year $138,146 dividends, interest and
premiums from the securities held by the trustees, and they
now stand charged with $2,046,988.”
The statistics of earnings, income, &c., were given in the
C h r o n ic l e last week, and the followin * traffic figures and
balance sheet are compiled in our usual form :
OPERATIONS.

Galled Bonds.—The following have been called for pay­

ment :

W e s t J e r s e y & A t l a n t ic R a il r o a d —L o a n o f $500,000.—
Bonds Nos. 27, 78, 91, 203, 275, 293, 357, 453, of $1,000 each,
will be paid off August 31.
Chattanooga Rome & Colnmbns.—Judge Newman, of the
United States Court at Atlanta, Ga., last week appointed R,
C. Alston Commissioner to sell this railroad, which is now in
the hands of a receiver. Tae road extends from Carrolltoa
to Chattanooga, and has been operated as a branch of the
Central of Georgia. The date of the sale is to be fixed by the
commissioner, and will take place in Rome, Ga.
Dabnque & Sioux City.—The following is a comparative
statement for the years ended June 30, 1894 and 1893, the
month of June, 1894, being estimated:
„
. . .
Income.
1893-4.
1892-3.
Gross receipts of m am lin e branches and
leased roads (600 m ile s ) .,...................................$2,538,923 $2,548,768
Operation expenses and ta x es............................... 1,662,594
1,815 854
1
. $876,329
6,730

$732,914
1,840

. $833,059

$734,754

. $113,370
517,935

$113,370
512,835

. $631,205
Dividends on $7,999,600 Dubuque & Sioux City
s to c k ..................................................................
$199,990
Balance of incom e carried forward . . . . . . .
51,864

$626,205

$883,059

$734,754

Incom e from other sources.
Disposal o f income.

$99,995
8,554

East River Gas.—President McMillin of the East River Gas

Company is reported as saying: “ We shall begin to furnish
gas to consumers in about two months, and hope to get enough
business to pay a reasonable interest on the investment. By
special act of the Legislature we have the right to lay pipe3 ,
and do not expect interference. We have picked b it the b ssd
parts of the city for the first piping and shall extend as rapidly
as the occasion demands. We have a plant in Ling Island
City with a capacity of 24,000,000 feet per day, and can easily
extend so as to supply all of New York City. I presume that
rates for gas will go lower. I should not want to say that our
company will take the initiative. However it will try to se­
cure its share of the business. A consolidation with certain
of the New York companies is nob impossible. T h eE ist
River Company has already spent between $4,000,000 and
$5,000,000 on its tunnel and equipment.”
Elgin Joliet & Eastern—Louisville New Albany & Chi­
cago.—An agreement has been made bv the Elgin Joliet &
Eastern with the Louisville New Albany & Chicago by
which it secures trackage rights over the latter line from be­
tween Dyer and Hammond, Ind, The contract is for 49
years, and the company is to commence running its freight
trains into Hammond by December 1. An agreement is also
to be made with the Belt R iilway of Chicago for the right
to run over that company’s tracks from Hammond into
Chicago.
Fitchburg.—The statement for the quarter and year ending
June 30 shows the following:

—Qr. end. June 30— ^ Tr. end. June 30./—
% —
1893.
1894.
1893.
1894.
$
$
$
Gross earnings.......................1,966,417 1,701,818 7,707,297 6,865.155
Operating exp en ses.............1,390,012 1,176,906 5,542,689 4,788,911
N et earnings................ $576,405 $524,912 $2,164,598 $2,076,234
Charges................................... 367,905
384,263 1,464,822 1,543,948
Surplus.............................. $208,500

$140,649

$699,776 $532,286

_
1890-91.
1891-92.
1892-93.
1893-94.
Passengers carried. 11,688,069 12,095,467 12,747,833 12,152,100
Passenger m ileage..211,852,182 217,796,211 229,L15,445 215,444.817
Freight (tons) car’d. 3,913,873 4,256,575
4,5 L4,055
3,900 772
Freight (tns) 1 m ile .401,099,271 446,622,991 485,415, i.00 428,596,758
BALANCE SHEET JU N E 30.
1891.
1892.
1893.
1894.
A s s e ts —
$
$
$
$
Hoad and equipm’t. 27,514,116 27,514,117 27,514,117 27,514,116
Hudson Riy. b’dges.
475,485
475,435
475,485
475,485
Otherperm. in vest’s. 1,913,704
1,938,378
2,011,444
1,931,276
B . & A. 7 p. c. bonds.
305,611
Material & supplies.
466,566
301,477
320,252
5 44,009
Due from companies
and in d ivid u als...
765,164
365,164
1,030,942
752,563
N otes receivab le.....
..
292.000
B eal e sta te ................
.........
1.078,089
■Special equipm ent..
.............
627.000
Improvem ent fund. 1,662,699
1,793,832
1,908,842
2,046,992
C a s h ..........................
638,909
849,804
773,187
2,738,207

Great Northern.— 1 traffic agreement between the Oregon
Railway & Navigation Company and the Great Northern
Railroad, whereby the Gsaart Northern obtains a freight and
passenger entrance to Portland, Oregon, has been reached,
and it is understood this will make Portland a Great Northern
terminal.
Green Bay Winona & St. Paul.—The Farmers’ Loan &
Trust Company, fiscal agent of the Green Bay Winona &
St. Paul Railroad Company, did not receive funds for the pay­
ment of .the interest due Aug. 1 ou the first mortgage 5 per
cent bonds of that company. It is stated that as a result of
tbe general unfavorable business conditions, including the
strikes, payment of this interest will not be made immedi­
ately, though it is hoped that the delay will not be long.
Mobile & Ohio.—The following is an early statement of in­
come for the year ending June 30th, 1894, compared with the
preceding y ea r:

Total a ssets........
Liabilities—
Stock, com m on.......
Paym ents on stock..
Funded debt.............
N otes payable. . . . . .
In terest and rents
due and accrued .
Unclaim ed dividends
and in terest...........
Ledger b alances_
_
Im provem ent fund.
Sink, fund & miscell.
Profit and lo s s .........

. .
1893-94.
1892-93.
Total earnings............................................................. $3,253,691 $3,358,470
2,259,189
Operating exp en ses.................................................. 2,036,719

33,742,255

33,238,257

34,084,269

37,999,740

20,000,000 25,000,000 25,000,000 25,000,000
527,320
10,358,090
5,875,000
5,861,000
9,475,000
.. . . ....
480,500
195,558
49,725
49,725
123,495
401,809
259,200
1,278,010
1 22,188
100,168

562,976
96,936
1,403,529
127,804
122,229

563,705
812,382
1,477,884
168,458
151,115

561,738
323,117
1,614,138
260,057
161,693

Total liabilities. 33,742,255 33,238,257

34,084,269

37,999,740




.$1,216,972 $1,099,281
. 1,037,323
1,042,216
. $179,648

$57,065

$7,935

$18,305

Other exp en d itu ies :
New construction................ .
N ew equipment, including
.

164,396

192,096
$210,901

E xcess of all expenditures over iaoom e.

$153,336

THE CHRONICLE.

192

B on d s.

New York City and Brooklyn Surface Railroads.—The
following statements are for the quarter ending June 30,1894:
42d St. Man. dt
St. Nich. Ave,
Gross ea* n in g s........................ ......................$170.900
Operating expenses .............. ....................... 138,633

Atlantic Ave.
RR., Brooklyn.
$ ¿4 ' ,484
151,131

N et ea rn in g s..................... ....................... $42,268
1,000
Other ineom e........... ............ .......................

$90,353
8,221

T o t a l . . . . . . .................... .............. ........ $43,268
30,687
F ixed charges.......................... ...................

$98,574
71,221

Surplus............................... ....................... $12,5 1

$27,353

Oregon Short Line.—The committee of Oregon Short Line

first mortgage 6 per cent bonds advise holders that default has
been made in the payment of the coupon due August 1st and,
as matters of importance are soon to be brought before the
Court their interests demand that the committee should im ­
mediately represent a large number of bonds, for which pur­
pose holders are requested to deposit their bonds at once with
the Central Trust Company of New York or the Old Colony
Trust Company of Boston.
Philadelphia Reading & New England.—The receiver’s
report for quarter ending June 30,1894, shows : Gross earn­
ings, $170,854; expenses, $118,338; net earnings, $52,516;
charges, $34,944; net income, $17,571.
Pittsburg Akron & Western.—A press dispatch from
Akron, O., August 1, said: “The sale of the Pittsburg Akron
& Western Railroad under foreclosure of a mortgage of
$3,600,000, held by the Central Trust Company of New York,
will be made at public auction about October 1, under a de­
cree of court agreed to by all interested parties. Under the
new decree the $241,010 of receivers’ certificates outstanding
will have to be paid before the court will confirm the sale.”
Southern Railway.—This new corporation has assumed
control of the East Tennessee Virginia & Georgia, Char­
lotte Columbia & Augusta and Columbia & Greenville rail­
roads, recently purchased at foreclosure sale, an addition of
about 1,500 miles of railroad to that previously owned by the
Southern Railway Company. The Richmond & Danville and
East Tennessee Virginia & Georgia systems are now united
under one management.
Spokane & Palouse—Northern Pacific.—The committee of
the Spokane & Palouse first mortgage bondholders have ne­
gotiated a lease of the road to the receivers of the Northern
Pacific, under which interest at 4 per cent on the bonds from
May 1,1893, to Nov. 1, 1894, and 5 percent from Nov. 1,1894,
to May 1, 1897, will be paid as rental, besides taxes, expenses
of operation, maintenance, &c. The lease is subject to the
assent of the bondholders and the Court. Copies of the agree­
ment will shortly be ready at the New York Security & Trust
Co., 46 Wall Street.
Toledo Ann Arbor & North Michigan.—At a meeting of
bondholders held Friday, August 3, at the offices of Messrs.
C. J. Lawrence & Sons, a committee was appointed to look
after the interest s of the two bond issues known as the Grand
Trunk and North Michigan., It is claimed that the mort­
gages securing the bonds on these divisions of the system
have valuable prior lien rights at Toledo and Owosso. As
one-half the bonds on each division can control the situation,
it was declared important that holders whose interests were
solely in these bonds should pool them for mutual protection.
Messrs. R. C. Martin, Simon Borg, C. J. Lawrence, H. K.
McHarg and J. H. Olyphant were named as the committee,
t Union Pacific.—This company defaulted August 1 on
four bond issues—the Oregon Short Line 1st 6 s, K. P. (eastern
division) 6 s, Atch. Col. & Pac. and Atch. Jewell Co. & W.
Of the four bonds defaulted the first two paid the Feb. coupon
and the last two are now in default for one year’s interest.
The interest due July 1 on the first mortgage bonds is yet
unpaid and the holders are making complaint of this.
The interest was paid August 1 on the three-year collatera
trust notes of 1891, though the principal then due could not
be paid, and the trustees advise holders not to press the col­
lection of the principal so long as their interest is paid. As a
reason for the payment of this interest it is said that default
for 30 days on the collateral trust notes is fatal and the trus­
tees may sell the collateral, thus causing a loss of control of
lines that are important to the Union Pacific System. The
roads represented by the collateral have been earning a con­
siderable amount towards the interest on the notes and the
court ordered the receivers to make up the balance.
These gold notes since their issue have bee a reduced to
$11,224,000, and the collateral held now stands as follows in
comparison with Sept., 1891 :
•3 » '
B ilC
B E '

B on ds.
/---------- PAR VALUES.-----------,

r'v"»
S e p t, 1891. Aug., 1894.
Union Pac. Den. & Gulf R y Co. 1st mort. 5s. $8,8 ¿3,000
$3,015,000
Oregon 8b. Line & Utah No. Ry. Co. consol, ss
3,971,000 1,501,000
Oreg. Sh. Line & Utah No. Ry. Co. col. tr. 5s
4,573,500 1,000,000
Utali & Northern Ry. Co. 1st mort. 7s............
35^,000
456,000
Idaho Central Ry. Co. 1st mort. 6 s .................
91,000
82,000
U tah So RR. Co. 1st mort., due July 1,’9 1 ,7 s
424,000
4 i8 ,0 0 0
U tah Southern RR. E xtension 1st m ort. 7 s ...
899,000
903,000
Union Pacific RR. Co. Omaha B .id ge 8 s ___
5,000
4,000
Un. Pac. Ry. Co. Omaha Bridgé renewal 5s.
145,000
145,000
Un. Pac Ry. Co. Kan. Div. & Col. mort. 5 s..
5,000,000
5,000,000
Union Pacific Ry. Co. collateral trust 4 1 S ...
s
237,000
237,000
Colorado Central RR. Co. 1st mort. 7 s ........... 1,370,000
1,437,000
Colorado Central RR. Co. 1st mort. 8 s __ .
22,000
...................
Kansas City & Omaha RR. Co. 1st mort. 5s,.
1,595,500 1,595,500
Kansas City HR. Co. 1st mort. 6s..................... 1,347,000
1,347,000
Lovel’d Pass Min. & RR. Tun. Co. 1st M. 7 s ..
400,000
400,000
Man. Alma & Burling’me R’y Co. 1st M. Cs..
339,000
339,000




\V o u L1X.
,---------PA E VALUES.-

Echo & Park City Ry. Co. 1st mort. 6s . . . . . .
Omaha & Repub. Val. RR Co. 1st mort. 7 s..
Omaha & Repub Val. Ry. Co con. mort. 5s .
Omaha & Repub. Val. Ry. Co extension 5 s ..
Union Pacific Coal Co. st mort. 5 s ..................
G een River Water Works Co. 1st mort. 6 s..
Rattlesnake Creek Water lo. 1st mort. 6 s ...
Union Dep. Co , Spokane Falls, 1st mort. 5s.
Ogden Union Ry. & Depot Co. l st mort. 5 s ...
West’n Pac. RR. Co. (Cen. Pac ) la t mort. 6s.
Kans. Pac , Denver Extension, 1st mort. 6 s..
K ansas Pacific Railway Co. incom e 7s
_
St. L. Coun. Bl. & O. RR. Co. 1st mort. 6 s _
Kearney & Bl’k Hills Ry. Co. 1st mort. 5 s ...
City of Wichita, Kansas, 6 s ......... .....................
Junction City, D avis County, Kansas, 6 s .......
Oregon Ry. & N av. Co. 1st mort, consol. 5 s ..
Oregon Ry. & Nav. Co. collateral trust 5 s ....
Atchison Union D epot Co. 2d mort. 5s
—
Deny. Lead. & Gunnison Ry. Co. 1st M. 4*38.
Union Pac. Ry. Co equip trust series C. 5 s...

S ept, 1891.
$480,000
41,000
520,000
1,246,000
4,95 *,000
223,000
132,000
300.000
163,000
12,000
1,003
1,250
19,500
105,000
42,566
5,000
712,000
1,632,000
4,500
23,000

A u g., 1894.
$480,000
121,009
526 0 0 0
1,246,000
4,903,000
220,000
132,000
300,000
163,000
1,250
329,335
29,796
5,000
i ___ '-Ï_
_
______ ___
4 ,500
54,000671,000

,$40,207,816 $32,075 ,3 7 1

Total bonds.
St o c k s.

Oregon Short Line & U tah No. Ry. Co............$14,990,703 $15,115,703
13,251,882
Union Pacific Denver & Gulf Ry. Co.............. 13,251,882
5.000.
000
Union Pacific Coal Co......................................
5,000,000
2,400,000
Pacific Express Co . . ....... .............................. 2,400,000
874,200
Central Branch Union Pacific RR. C o ..........
874,200
881,000
Oregon Railway & N avigation Co......... ......... 1,035,000
220,000
220,000
Carbon Cut-Oft Railway Co............ ................
3.000.
000
Denver Lead file & Gunnison Ry. Co ........... 3,000,000
480.000
Echo & Park City Railway Co....... ..................
430,000
4 4 ,0 0 0
Junction City & Fort Kearney Railway Co..
44,000
1,313 ,0 3 0
Kansas Central Railroad Co.............................. 1,313.400
1,725,375
Kansas City & Omaha Railroad Co ..............
1,725,325
66,500
Laramie No. Park & Pacific RR. & Teleg. Co.
66,500
465.000
Lawrence & Emporia Railway C o....................
465,000
Leavenworth Top. & So’we3tern Ry. Co.. . . . .
550,900
Manhattan Alma & Burlingame Ry. C o— . .
418,650
420.000
Montana Ry. Co., 70 p. c. paid on $600,000..
420,000
425.000
Montana Union Railway Co..............................
425,000
40.300
40,300
Omaha & Elkhorn V alley Railw ty Co........... ,
2,327,523
Omaha & Republican Valley Railway Co---- 2,327,523
2,301,530
St. Joseph & Grand Island Railroad Co......... 2,301,500
2 31,700
231,700
Satina & S «uthwestern Railway C o ..............
1,997,800
Union Pacific Lincoln & Colorado Ry. Co . . . 1,997.800
96.000
96,000
Bozeman Coal C o ....... — ............................. .
225.0 0 0
Green River Water Works Co............................
225,000
100.000
Morrison Stone, Lime & Town Co.....................
100,000
Occidental & Oriental SS. Co., 3 per cent on
150,000
150,000
$5,000,000........
7,500
Omaha Uuion D epot Co., 10 p. c. on $75,000.
7,500
6 6 .3 0 0
Rattlesnake Creek Water Co..............................
66,300
25.000
8t. Joseph Terminal RR. Co...............................
25,000
St. Louis & Miss Val Transportation C o ---116,000
67
Salt Lake Foundry & M anufacturing Co.........
67
35,500
....... ...........
21,000
Union Depot Co , Kansas City
4 6,700
Union Elevator Co., Council B luffs..........
46,"OO
81,000
Union Elevator Co., Omaha................................
81,000
40 0 ,5 0 0
Union Pacific & W estern Colorado Ry. C o. . . .
4 0o,500
258 ,5 6 0
Wood River Improv. Co., 80 p.c. on $100,o00.
80,000
9 2 0 ,3 0 0
Atchison Colorado & Pacific RR. Co ......... .
920,300
105,000
Atchison Jew ell Connty & Western RR. Co..
105,000
773,141
Kearney & Black H ills Railway C o ..............
337,966
177,450
Union Pac tic Railway C o ................ . — . . . .
177,450
4,800
Lovelan * Pass Mining & Railroad Tunnel Co.
4,800
9 ,1 0 0
Colorado Western Railroad C o .............. .........
9,100
6,000
Gray’s Peak Snake River & Leadville RR Co.
6,0 0
1 , 000,000
South Park & Leadville Short Line RR. Co.. 1,000,000
7,950
Western National Fair Association......... .
7,950
$57,563,068 $57,076,753

Total stocks
M is c e l l a n eo u s.

Debt cert, of Port'aud & Puget Sound RR..
Note of the Echo & Park City Railway Co..
Note of the Union Depot &RR. Co., Denver.
Notes of the Hutchinson < Southern RR.Co.
fc
Note of the Wood River Im provem ent C o...
Note of the Union Depot Co., Spokane Falls.
Total m iscellaneous

$369,245
200,00 0
33,683
768,500
350,000
21,051

$969 ,2 4 5
200,000

$2,342,481

$2,308,839

7 6 7 ,7 3 6
350,000
21,857

Grand to ta l.............. .....................................$100,113,365 $91,460,963

—Judge Sanborn, in the petition of the Union Pacific
receivers asking for instructions as to the continuance
of the operation of certain lines, has decided that the
receivers shall continue the operation of the Carbon CutOff Railway and the Omaha & Republican Valley. The re­
ceivers are to continue the operation of the Salina & South­
western, the K a n sa s City & Omaha, the Atchison Colorado &
Pacific, the Atchison Jewell County & Western and 'he Kan­
sas Central Riilroad until further decision, set for hearing
November 15. William B. Cornish is appoiated a master to
investigate the allegations in the petition, to ascertain whether
readjustments of traffic rates cannot be made so as to permit
the roads to earn operating expenses. The deficiencies are
to stand as valid obligations against the respective railroads
until further order of the court, and shall be repaid from any
future surplus earnings. The same master is to ascertain the
deficiency of the Denver Leadville & Gunnison, and what
portion should be charged as a lien against the property.
The hearings are to begin August 15, at the office of the
master, in Omaha, and his reports must be filed by October
15, and a hearing be held before the court November 15 in St.
Paul. Receivers are ordered to deliver the property of the
Denver Leadville & Gunnison to the trustee of the mortgage,,
the American Loan & Trust Co., or new receivers to be ap­
pointed as the executive officers by August 7. The receivers
are discharged from all liabilities accruing after August 7.
Regarding the Washington & Idaho and the Oregon Rail­
way Extensions Co., the deficiencies arising from past opera­
tions of said railroads are reserved for consideration in the
accounting of the Union Pacific receivers to receiver McNeill,
of the Oregon Railway & Navigation Co,_______________| g p F o r o th e r Item s o f I n v e s tm e n t N e w s see p a g e 1 8 3 .

A u g u st

THE CHRONICLE

4 1894.]

193

$1ue C m m u jc r c m l
COMMERCIAL

EPITOME.

Th e Mo vem en t

of

C O T T O N .
F r i d a y N i g h t , August 3, 1894.
t h e C r o p , as indicated by our telegrams

from the South to-night, is given below. For the week ending
this evening the total receipts have reached 3 ,9 4 4 bales,
F riday N ight, August 3 ,1 8 9 4 .
against 3,921 bales last week and 3,812 bales the previous
The movement of general merchandise continues unsatis­ week; making the total receipts since the 1st of Sept., 1893,
factory. Another week of vexatious delay over the tariff bill 5,918,843 bales, against 5,061,467 bales for the same period of
tends to dishearten operators and deter them from opening 1892-3, showing an increase since Sept. 1,1893, of 857,376 bales.
negotiations beyond the limit of imperative trade wants.
Receipts at—
Sat.
Mon.
Tues.
Wed. Thurs. F ri.
Total.
Evidences of a better undertone for many leading articles are
8
23
12
102
7
27
noticeable, however, and a speedy disposition of the tariff G alveston.........
179
$51
73
278
question, it is believed, would serve as a stimulus to business. Velasco, & c___
357
165
386
428
70
17
The position of articles imported from Japan and China has New O rleans..
1,423
3
4
18
2
1
gained strength by the opening of war between those coun­ M obile...............
7
35
tries. The speculative incident of the week in staple com­ Florida............ . ......... . . . . . . . . . . . . •••••• ......... . . . . . .
63
72
modities was a heavy “bull” movement in corn based upon Savan n ah . . . . . .
158
23
27
348
reports of serious crop damage in central States and west of
Brunsw’k,&c.
Mississippi, which led to sympathetic improvement in other Charleston.......
4
1
3
26
52
13
grains and also to a slight gain in meats cured from swine.
Pt. Royal, &c.
50
At the close reports from the corn belt are somewhat more W ilmington___
22
16
38
promising, and intimate that previous reports of crop dam­
Wash’ton, &e.
age were exaggerated.
72
Norfolk..............
25
443
2 (0
17
2
127
The following is a comparative statement of stocks of
25
West P o in t...
20
leading articles of merchandise at dates given:
.........
.........
.........
N’port N ., &e.
19
......
19
J u ly 1,
1894.
Pork...................
bbls.
L a r d ............... ............
tos.
Tobacco, d o m estic______ hbds.
Tobacco, foreign................bales.
Coffee, R io...................
bags.
Coffee, other....... .................bags.
Coffee, J ava, &c............ .. .mats.
S u g a r ....................................hhds.
Sugar.............................. bags, &c.
Molasses, foreign .............. hhds.
H id e s ,... .......................... ....N o .
C o t t o n ...............
bales.
R osin.......................................bbls.
Spirits tu r p e n tin e ..............bbls.
T a r ......................................... bbls.
Rice, E . I ............................... bags.
Rice, d om estic.................... bbls.
L in s e e d ...... ......................... bags.
Saltpetre................................bags.
Jute b u tts ....... ................... bales.
Manila hem p . . . .........b a l e s .
Sisal h e m p ........................bales.
Flour...............b b ls . and sacks.

9,056
10,539
15,677
47,642
59,263
31,025
71,606
7,219
624,229
500
203.300
185,124
16,140
1,597
589
32,000
575
None.

8,000

2,900
6.364
3,793
197.300

Aug. 1,
1894.

Aug. 1,
1893.

2,117

12,668

10,579
49,938
130,751
39,251
61,032
16,538
1,122,«54
712
173,100
138,444
£0,875
1,961
281
28,000
700
None.
8 800
Noue.
6,364
9,326
162,900

6,628
9,529
17,411
49,747
198.556
53,850
83,755
5,538
293,473
1,181
324,400
137,048
28.101
1,872
1 ,9 !4
11,010
5.200
None.
13.500
18.000
3,000
13,3f>2
189 600

Lard on the spot has been dull, but prices have further
advanced in response to a rise in the price of futures, closing
steady at 7-45c. for prime Western, 6 8 7 ^ . for prime City
and 7 75c. for refined for the Continet." The speculation in
lard for future delivery at this market has been dull, but
sympathy with the advance in corn and stronger Western
advices caused an advance, closing steady.
DAILY CLOSING PRICES OP LARD FUTURES.

S e p te m b e r ......... ....... '....

Sat
7-32

Mon
7 ‘30

Ties.
7-30

Wed
7 ’30

Ihurs.
7-35

F ri
7-45

Pork has been in better demand and firmer, closing at
$14 25(3$14 50 for mess. Cut meats have been dud but steady.
Tallow has further declined, closing with sales at 4 316c.
Cotton seed oil has been about steady, closing at 29c. nominal
for prime crude and 82.3)33j, for prime yellow.
Coffee firmer for old crop and nearby lots, but weak on par­
cels to arrive. Rio quoted at 16J^c. for No. 7, good Cucuta
20(3 20J4c, and interior Padang 23@23%c. Contracts have
been well held on the near positions but lacked tone on dis­
tant months under increased offerings of new crop Brazils.
The close was generally weak under increasing pressure to
realize. Following were final asking prices :
Aug..... .............. 14-70o IN ov...................... 12 95e. I Feb................... 12-50c.
S e p t ................... 13-95o. D e c ..................... 12-75«. March
12-50cO ot.......................13'35t. | J an ...... ...............12*60c. I A p r il................. l2-40c-

Raw sugars were moderately offered and sold close to sup *
ply at steady rates. Centrifugal quoted at 3%c for 96-deg
test, and Muscovado at 2 tl-16c. for 89-aeg. test. Refined
advanced early in the week, after which demand gradually
fell away; granulated 4 5 8 c. New teas sell well at full rates.
Kentucky tobacco has been in limited request for export,
and firm, Sales 200 hhds. Seed leaf tobacco has received a
trifle better attention at steady prices. Sales for the week
have been 1,050 cases, including 150 cases 1892 crop, Penn­
sylvania Havana, 113^@12J^c.: 100 cases 1892 crop, Pennsyl­
vania seed leaf, 8 @10 c .; 300 cases 1892 crop, New England
Havana, 20(350c., &c., &e.; also 700 bales Havana, 70c.@$110,
and 350 bales Sumatra, $2 80^$4 50.
Very little interest has been shown in the market for Straits
tin and prices have declined in response to weaker foreign
advices; the close, however, was steady at 18’65c. Ingot
copper has been quiet, but prices have been without change,
closing firm at 9 TOc. for Lake. Lead has declined and the
close was quiet at 3 50c. for domestic. Spelter has been
dull, closing easy at 3’400. for domestic. Pig iron has been
steady at $9 75;3i$13 for domestic.
Refined petroleum has been unchanged at 5T5c. in bbls.,
2*65c. in bulk and 6 25c. in cases; crude in bbls. is unchanged,
Washington closing at 6 c. in bbls. and 3’50c. in bulk; naphtha
5%c. Crude certificates have declined, closing at 80c. asked.
Spirits turpentine has been quiet and unchanged at
%9%c. Rosins have declined, closing at $1 203$1 25 for com ­
mon and good strained. Wool has been active and firmer,
Hops have been dull and easy.
_
_



New York.........
B o sto n ..............
Baltim ore.........
Philadelph’a &c

.....

J .„ l
.

......

.........
1

.........

330

1,104

......

102

145

......
196
127
5

582

320

663

......

385

Tot’ls th is week

945

581
127
253
3,944

The following shows the week’s total receipts, the total since
Sept. 1, 1893, and the stock to-night, compared with last year.
1893-94.
This Since Sep.
Week. 1 ,1 8 9 3 .

1892-93.
This Since Sep.
Week. 1 ,1 8 9 2 .

G alveston ...
1791,003,842
Velasco, &o.
351
44,433
New Orleans
1,423 1,870,780
Mobile....... .................... 198,022
35
36,474
F lorida____ _
S a v a n n a h ...
348 *964,923
98,041
Br’wiok,&o
C harleston..
52 338,796
P.Royal,&o
80,338
50
Wilmington..
38 189,614
Wasn’n, &o
499
N orfolk........
443 490,460
West Point
45 239,359
61,619
N’p’tN .,& c
19
New Y o rk ...
70,529
B o sto n .........
581 100,916
B altim ore...
127
61,618
Philadel.,&o.
253
68,075

238 1,039,467
12
56,568
4,579 1,587,755
243 168,403
23,159
1,444 782,416
140,265
, 31 287,129
427
33 159,840

Receipts to
Aug. 3.

1,212
97
296
334
68
1,010
1,096

286,786
194,632
22,713
48^756
119,838
63,086
69,467

Stock.
1894.

1893.

7,149

18,725

40,892
2,692

55,1 8 4
4,396

7,531
700
12,173

12,004

1 ,(5 4

3,546

6,792
100

11,555
68

132,284
4,200
9,808
2,358

143,835
3,000
8,741
12,081

13,577

T o ta ls.......
3,944 5,918,843 10.71315,061,467 228,333 286.712
N ote .—
5,827 bales added as correction of receipts at N ew Orleans
since September 1.
* 1,653 bales added as correction since September 1.

Comparisons for leading ports are given for six seasons:
Receipts at—

1894.

1893.

1892.

1891.

1890.

1889.

Galves’n,&o.
New Orleans
M ob ile.........
Savan n ah...
Char’ton,&c.
Wilm’ton,&e
N orfolk.......
W. Point,&c.
All others ..

530
1,423
35
348
102
33
443
64
961

250
4,579
243
1,444
31
33
1,242
393
2,498

532
3,293
47
972
163
55
183
280
3,130

607
1,442
201
1,576
451
54
370
412
1,737

201
331
35
156
5
19
111
449
1 .2

142
263
9
120
40
17
2
118
299

Tot. this wk.

3,944

10,713

8,656

6,850

1,419

1,010

Since Sept. 1 5918.843 5061,46717105.083 6907.696 5 ^01.007 5509,031

The exports for the week ending this evening reach a total
of 23,597 bales, of which 2,861 were to Great Britain, 165
to France and 20,568 to the rest of the Continent. Below are
the exports for the week and since September l, 1893.
fr o m —
G a lv e sto n . ...
V elasco, & o....
New O rle a n s ..
M obile & P e n .
S a v a n n a h .......
B ru n sw ic k .. .
C h a rle s to n * ...
W ilm in g to n .
N o rfo lk ............
W e st P o in t....
N’p ’t N ew s, &c
New Y o rk . ...

W eek E n d in g A u g . 3.
From, Sept. 1,1893, o A u g . 3.1894
E x p o rted to—
E xp o rte 1 to —
G reat
C onti­ Total
G reat
C onti­
France n en t. W eek. B ritain,. France n en t.
Total.
B r it’n .
558,346 98,361
. 50
5,621

2,804
60

B altim o re........
P h ila d e lp ’a . . .
T o ta l.........

2,864

T o ta l, 1892-93.. 16,458
* In c lu d in g P o r t R oyal.

50
5,621

768,500
33,574
111,798
38,555
855
855 231,737
63,309
156,567
. 76,497
46,721
165 12,877 15,816 473,488
200
260 22*,778
924
924
43,487
41
41
26,536

410,600
500
82,697
2,600
16,206
350
.........
19,498
6,034

117,217 773,924
36,102
36,102
436,935 1,616,035
1,086
35,160
372,203 516,698
30,155
71,310
156,056 403,999
99,095 167,401
14,850 171,767
19,467
95,964
46,721
258,160 756,146
2.765 230,543
154,743 204,264
13,706
40,342

165 20,568 23,597 2,866,893 586.846 1,712,540 5,166,279
461

4,567' 21,486 2,350,717 547,344'1,430,113 4.328,174

THE CHRONICLE.

1 9 4

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert & Barrows, Produce Exchange Building.

t h e S a l e s a n d P r ic e s o f F u t u r e s are show n Dy the*
fo llo w in g com prehensive table.

*1

N ew O rlean s...
G alveston.........
Savannah.........
Charleston.......
M ob ile..............
N o rfo lk ............

Other p o r t ___

G re a t
B r it a in .

4,086
None.
None.
None.
None.
None.
3,800
1,000

O th er
F ra n ce. F o re ig n

C o a st ivise.

& aE.fi*

C © OQ^
D
M-© © â
P C* ^
D
®
0 . S
0
3.cf : S et C ■

2,653
1,339
None. None.
None. None.
None. None.
None. None.
None.
1,450
200 11,950
None.
500

1,025
214
50
None.
None.
600
None.
None.

h e a v in g
S to c k .

T o ta l.

9,103
214
50
None.
None.
2,050
15,950
1,500

Total 1 8 9 4 ...

8,886

1,539

16,553

1,889

28,867

2,979
2,738

7,804
8,837

2,512
506

29,626
28,177

;C: *
(s 3
■ ®. I
• R. I

©©
©©

Ia

1*4 on.
Middling F a ir............ .
on.
Strict Good Middling....... ^ on.
Good Middliug................... 5j on.
Striot Low Middling......... 3i off.
Low M iddling................... 7lu off.
Strict Good Ordinary....... I3“e off.

-1
if©
O

M
O
0»
y
0

M on T u es W ed

5^8

513,6
61«
6i5le
734
713u

Good Ordinary............................
Low Middling..............................
M iddling........................................
Good M iddling............................
Middling F air..............................
GULF.

69ie

7
75te

7%

S a t.

Good Ordinary....................... .
Low M iddling..............................
M iddling.......................................
Good Middling.............................
Middling- Fair..............................

Th.

F r i.

513le 513le 5%
6hi
61«
67.6
6 15ie 61°16 6 7e
714 7 4 73.6
3
7*3le 713,« 7%

5^
67,8
6 78
73,6
7%

M on T u es W ed T h .

F r i.

6is
6he
6«»16
714 7 316
79,6 71«
81,«
81s

STAINED.

S a t.

Low Middling...............................
Middling........................................
S t rict Middling...........................
Good Middling Tinged..............

5^
65,6
625.«
7

61,6
6%
7 SI6
71«
81,«

6*te

6^
73,6
71«
81,«

6
6
611,6 61*16
7V
7*8
77,6
8
f -

M o n T u e s W ed | T h .
5»16

51«
6
14 6
14
03,6
623^2 62332
62132
015',« 615,« 6151# 6 7s
MARKET AND SALES.
59,6

59,e
6I4

F r i.
5»«

6**6
62tg2
6 78

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.
SPOT MARKET
CLOSED.

SALES OF SPOT AND CONTRACT.

Ex­
p o r t.

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

Q u iet..................
stead y a t i,e do
Steady ................
steady ................
Steady at i,e do.
S te a d y ..............

T otal.




200
800
600

C on - Specs u m p . u l ' t ’n

2,400
4,324

412
1,360
1,495
1,956
1,000
1,535

8,324

7,758

C on­
tr a c t.

—

S a le s o f
F u tu r e s.

612
2,160
2,195
2,956
3,400
5,859

35.600
95.600
110,700
111,200
80,200
53,100

1,100 17,182

486,400

io o

....

T o ta l.

1,000

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Good Ordinary................c. 1 ig oft.
Good Middling Tinged. . .
E ven.
Striot Middling S tain ed ..
oft
Middling Stained.............. 7,« oft
Strict Low Mid. Stained.. 2912 Gft.
Low Middling Stained_ lSg "oft.
_

S a t.

05

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On this basis the prices for a few of the grades would be as
follows:
UPLANDS.

I9

O
B

Q5®§.
te
o a&s
o ©©3
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Speculation in cotton for future delivery has attracted very
little new trading. Business has been larger in consequence
of extensive liquidation, and with selling out of “long” hold­
ings a further considerable decline in values occurred, which
induced “shorts” to cover and take profits. August contracts
sold inside of 6 ^ c . Dry weather has been reported from
some parts of Texas, but the general local feeling in regard to
the crop is hopeful. Saturday’s market was dull and weak in
the absence of supporting demand and closed at five points
net loss. On Monday there was another decline of ten points
in consequence of predictions of a very liberal yield sent out
from New Orleans which had a depressing effect
upon Liverpool and reflected back on this market. Tues­
day’s market opened 5@6 points lower again, but the
decline tempted some of the large shorts into covering, and
this stimulated an advance of 8(29 points from the lowest fig­
ures, the advarce being followed, however, by a reaction to
about the level of the evening before. Prices were very irreg­
ular on Wednesday, but finally closed at a net loss of 5(3 6
points. Yesterday under pressure to sell expiring certificates
the tone was temporarily weak and August sold down to 6 46,
but final quotations showed a net loss of only 1 point. To-day
cable advices are somewhaf firmer and our market responds
with 6 @7 points advance, but trading is slow. Cotton on spot
has been selling fairly; price of middling uplands 6 %c.
The total sales for forward delivery for the week are 486,400
bales. For immediate delivery the total sales foot up this week
17,182 bales, including 8,324 for export, 7,758 for consumption
— for speculation and 1,100 on contract. The following ar^
the official quotations for each day of the past week—
July 28 to August 3.
Rates on and off middling, as established Nov. 22 by the
Revision Committee, at which grades other than middling
may be delivered on contract:

Fair.........................

a
: g;
; p;
■ ®I
t
• (K .

^ to
8.9-°* ©97*85 © <1©
-10.7
<1 0 ^
<iO*
Ó®o_
»

257.( 86
412,449

St"

• “ ©« T • *0 O „ .
J

a M
■ p»&'•>
^ ì

o
C
ö
C ui O O
G
B B
© o*S sjfd00© ©»Mg P‘HM©
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199,466

16,331
16,096

e -'*
+

;

Pm

31,789
6,935
7,481
12,173
2,692
4,742
116,334
17,320

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

2
^
3
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ON SHIPBOARD, NOT CLEARED—FOR
A u g . 3 a t—

[Vol. LIX.

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I!
! d:
I Ii

II
â:

* Includes sales in September, for September, 1,700; September October, for October, 2ö7,800; September-November for Novem ber,.
717,900; September-December, "for December, 1,862,400; SeptemberJanuary, for January, 7.039.900; September-Februarv, for February
1,486,800; September-March, for March, 6,514,9 0 t ; September-April
for April, 1,766,30o; September-May, for May, 5 ,844,40,; Septem ber
June, for June, 2,184,500.

For exchanges see page 197.
to-night, as made up by cable
and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Aug. 3), we add the item of exports from
the United States, including in it the exports of Friday only.
T h e V is ib l e S u p p l y o f C o t t o n

THE CHRONICLE.

ATJGl'ST 4 : 1894.]

1894.
1893.
1892.
1891.
Stock at Liverpool.........b ales. 1,205,000 1,232,0001,453,000 997,000
Stock at London........................
17,000
7,000
12,000
19,000
Total Great Britain stock. 1,222,000 1,239,000 1,465,000 1,016,000
)Ck
burs'___ ______
35.000
12.000
ft son
a -too
Stock at Ham burg......................
35,000
12,000
5,300
4,700
Stock at Brem en......................... 131,000 116,000 109.000
84.000
15,000
Stock a t A m sterd am ................
16,000
24.000
22.000
Stock at R o tte r d a m ................
200
*
200
200
‘ 300
Stock at A ntw erp..............
13,000
12,000
7,000
9,0uU
Stock at H avre............................ 368,000 370,000 405.000 213,000
Stook at M a rseilles....................
7,000
8,000
11.000
10,000
Stock at B arcelon a....................
77,000
98.000
80,000
93.000
16,000
Stock at Genoa...........................
21.000
14.000
10.000
Stock at T r ie ste........................
36,000
31,000
53.000
44,000
Total Continental stocks.. 696,200 684,200 708,500 490,000
Total European sto c k s___ 1,918,200 1,9 73,200 2,173,500 1,506,000
India cotton afloat for Europe.
j*<***.*■ 46.000
"*—■
53.000
54.000
52.000
Am er. cott’n afloat for Europe.
45.000
72.000
53.000
29.000
Egypt,Brazil,&c. ,aflt for E’r’pe
17.000
12.000
13.000
10.000
Stook in U nited States p orts.. 228,333 256,712 410,626 216,860
Stock in U. S. interior to w n s..
62,859
91,651 152,473
61,586
U nited States exports to-day.
563
8,222
4,459
641
Total visib le supply........... 2,324,955 2,497,785 2,889,058 1,870,087
Of the above, totalsofm erioan and other descriptions are as follow s:
Am erican—
Liverpool stock .............. b ales. 1,008,000 1,041,000 1,234,000 775.000
Continental sto ck s.................... 519,000 552,000 504,000 316.000
American afloat for E u ro p e...
45,000
72,000
53,000
29,000
United States stock................... 228,333 286,712 440,626 216,860
U nited States interior sto ck s..
62,859
91,651 152,473
61,586
U nited States exports to -d a y .____ 563
8,222
4,459
641
Total American.................... 1,863,755 2,051,585 2,388,558 1,399,087
E ast In dian , B razil, die. —
.L iverpool stock........................... 197,000 241,000 219,000 222,000
17,000
London sto o k ..............................
7,000
12,000
19.000
Continental stocks..................... 177,200 132,200 204,500 174,000
India afloat for Europe................................. 53,000
54.000
52.000
46.000
E gypt, Brazil, &c., afloat............................. 17,000
12.000
13.000
10.000
Total E a st India, &c......... . 461,200 446,200 500,500 471,000
„
Total Am erican................... 1,863,755 2,051,585 2,388,553 1,399,037
Total visible supply........... 2,324,955 2,497,785 2,889,058 1,861,527
Middling Upland, Liverpool..
3 i3 ,fid
47iB
d.
4d.
4^d.
Middling Upland, N ew York..
6 78 C.
738c.
7 78c.
S'eo.
E g y p t Good Brown, Liverpool
4l3igd,
55,8d.
4i316d.
6J«d.
Peruv. Rough Good, Liverpool
5 u ied.
63sd.
5 7sd.
9d.
Broach Fine, L iverpool. . . . . . .
3 i5 i6d.
4 '«d.
3 i5 .hd.
43gd.
Tinnevelly Good, L iverpool...
358d.
45l t d.
3 78d.
4'sd,

(¡SP The imports into Continental ports the past week have
been 28,000 bales.
The above figures indicate a decrease, in the cotton in sight
to-night of 172,830 bales as compared with the same date
of 1893, a decrease of 564,103 bales from the corresponding
date of 1892 and an increase of 463,428 bales over 1891.
a t t h e I n t e r io r T o w n s the movement—that is the receipts
for the week, and since September 1 , the shipments for th e
week and the stocks to-night, and the same items for the
corresponding period of 1892-93—is set out in detail below.

195

QUOTATIONS FOR MIDDLING (JOTTON AT OTHER MARKETS.----

Below we give closing quotations of middling cotton at South­
ern and other principal cotton markets for each day of the week
CLOSING- QUOTATIONS FOB MIDDLING COTTON ON—

Week ending
A ug. 3,

Satur.

Mon.

Tues.

Wednes.

G alveston ...
New Orleans
M obile..
Savannah. ..
C harleston..
Wilmington.
N o r fo lk ......
B o ston . . . . . .
B altim ore...
Philadelphia
A u gu sta. . . .
M em p h is....
St. L ou is. . . .
H o u sto n ....
C incinnati..
L ouisville...

6%
63i
6H ,
6 78
6%
6%
6 7e
7
714
73s
7*8
7
7
6 \
7H
744

6»4
6%
6 u ie
6*8
6%
6%
6 7s
7
7*4
738
7^8
6 78
7
6 U 16
714
714

634
6^8

658
65g
ßsjj
658
65s
6%
6%
6 l516
714
7°18
7
61316
6 78
65g
7M
7

6%
65g
6%
6 78
61o16
714
75ie
7*16
6 78
61018
658
714
7

Fri.

Thurs.
65g
65g
691S
65g
6*a
634
6% .
6i5ie
714
7516
7
634
6 78
65s
714
7*8

6*8
658
69,8
65è
6ia
634
6%
6 78
714
7h&
7
634
6 78
65a
714
718

The closing quotations to-day (Friday) at other important
Southern markets were as follows.
A tla n ta .............
6ia I N ew berry.........
69ie I L ittle R o c k ....
Columbus, Ga.
638 I M ontgom ery...
6>a I R a leig h .............
Columbus, Miss
6ia I N a sh v ille....... .
6 7s I Selm a................
E ufaula........... „
1N a tch ez. . . . . . .
[
6'‘16 1 S h rev ep o rt.....
R e c e i p t s f r o m t h e P l a n t a t io n s .— The following

6^
7
6318

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

Jane
J u ly
“
“
“
A ug.

29.......
6 .......
13.......
20.......
27.......
3 .......

R eceipts a t the P o rts. S t’k a t In te rio r Tovm s. R ec’p ts fr o m P l a n t’n s,
1892.

1893.

16,474
12,874
16,176
12,075
5,979
8,656

19,938 12,806 182,624 135,393 85.585
16.384 10,119 174,544 125,780 79,386
15,762 5,910 165,696 120.466 76,577
11,091 3,812 159,289 110,269 73,105
10,205 3,921 155,507 97,788 65,945
10,713 3,944 152,473 91,651 62,859

1894.

1892.

1893.

1894.

1892.

1893.

5,190 4,569
4,794 6,771
7,328 10,448
5,668
894
2,197
5,622 4,576

1894.
6,044
3,920
3,101
340
858-

The above statement shows: 1.—That the total receipts from
the plantations since Sept. 1 in 1893 are 5,905,586 bales; in
1892-93 were 5,024,484 bales; in 1891-92 were 7,201,627 bales.
2.—That although the receipts at the outports the past week
were 3,944 bales, the actual movement from plantations was
858 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantation s
for the week were 4,576 bales and for 1892 they were5,622 bales.
Ov e r l a n d Movement

fo r the

W

e e k a n d s in c e

S e p t . 1 .—

We give below a statement showing the overland movement
for the week and since September 1 . A s the returns reach us
by telegraph late Friday night it is impossible to enter solargely into detail as in our regular monthly' report, but all
the principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for. the week ending Aug. 3and since Sept. 1 in the last two years are as follows:
1893-94. .
C * HHÔÎJ ! C M M
O
O
•
tO, OlOO, ; C 00-si M
j
o
Cl!
M- 050000« - XXMMX©©©!

L
».i
; wtoi-'H‘C5o: l;l : ; ; to :
• o-^taooco5' • »

August 3.

ft s
§3

i t

jS ft
s
© ft
C MC ©M<*CD0D<100C0Q0Q0CU-*4O0CW
U O
0C^aCU<lt000O»©Oa0C&<lM C
O
to cu Qo toco

i c COOi'k*

§3
OM w*
<| * cu> Î
4 -«
C X C co *
U O

<1
MC C C C o: C
OOOH O
C fcO U O 5©
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to
C
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©M to
MMC
O M
M
^ £ 2 ? - ! ^,Q0. M4 . o ^ fO ' G Ü © c Gilo MC WC fcO ©
^
cO C*
O O M
,*©,-. CUCO-C M «vjQ C M O W 5C tO 5
tO O O C © tf^C C C
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©. 05©©C0t0Xj^.©OC0C0^rf^C0XCU^I©t0<lC0<ï©©

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<
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MM
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cucucu©©wtocococu©to
J 00C © 05^ © ^ COCUCOM
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-*
»UtOCO©tO<ÏCUM
©C>tO<lCÔ^M »|i.© M
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Ï £ SS 2 S?2 ? WC to X C © © WCÖÄC <! *0C M© © aoio V to© ©ft
O
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OCOX©X©CU©tO*-*MX»|^tOCU©©tO©COOi^JCOil^O«W©CO©CU<| to

C » UU Ü^ DM©> <l»^cu©
O-C C00 > X m! to MJuj5
X C © M <«
T
to©to^cuo»co-icu©coto

05to ;
«ö to-JMi-i; h o o>' biccift-' 50 05
MO 0000iu 05
-0 O C 05 r *. I iOtOCJlüC O C O 030>^Ob0D«KIO^O5>'-iai®
* O fH
O O t?
HQUOffiM. OOMOtO. l-*tO® ib 50 Kiowosaioo-obsib-oio*.
* Louisville figures “ n e t” in both years.
T This year’s figures estim ated.
I Last year’s figures are for Sfierman, T exas.

S lip p e d —
Via St. L ou is..................................
Via Cairo.........................................
Via H a n n ib a l..............................
V ia E van sville...............................
Via L ouisville................................
V ia Cincinnati...............................
Via other rou tes, &o....................
T otal gross overland................
Deduct shipments—
Overland to N. Y ., B oston, & c..
B etw een interior t o w n s . . . . . . . .
Inland, <fec.,from S o u th ......... .

to
§ H
.
8§*i
Jros'S

1,319
167
37
643
179
240

1892-93.
Week.

613,862
232,736
13,756
7,406
131,696
108,162
129,914

3,912
864
652
438
302

2,585 1,237,522

Sines
Sept. 1 .
485,020
204,821
138,802
14,129*
131,463
109,875
165,341

6,168 1,249,451

961
7
390

301,138
21,905
103,535

2,498
5
586

306,147
27,532:
72,205

1,358

426,578

3,089

405,884

L eavin g to ta l n et overland*..
1,227 810,944
* In clu d in g ïnovem ent by r a il to Canada.

3,079

843,567’

T otal to be deducted................

<1 to to CH<1 CO• cucuco

C
O

Week.

^C
O

Since
Sept. 1.

The foregoing shows that the week’s net overland movement
this year has been 1,227 bales, against 3,079 bales for the
week in 1893, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 32,623 bales.
I n S igh t an d S pin ners’
Takings.

1893-94.
Week.

Since
Sept. 1.

1892-93.
TFeefc.

Sines
Sept. I .

Receipts a t ports to Aug. 3 . . . . . . .
N et overland to Aug. 3 . ................
Southern consum ption to Aug. 3.

3,944 5,918,843
1,227 S10.944
8,000 669,000

10,713 5,061,467
3,079 843,567
8,000 648,000

T otal m arketed............. .
Interior stooks in ex o ess............ .

13,171 7,398,787
*3,086
113,307

21,792 6,553,034
*6,137 t36,983-

10,085

15,055

Came Into sig h t during w eek.
T otal in sigh t Aug. 3 ._____ _

7,385,480

North’n sp in n ersta k ’gs to Aug. 3
1,559,435
* Decrease during week.
t Less than September 1.

6,516,051
1,70 6 ,8 1 2

The above totals show that the interior stocks have decreased
during the week 3,088 bales and are now 28,792 bales less than
It w ill be seen by the above that there has come into sigh t
at same period last year. The receipts at all the towns have during the week 10,085 bales, against 15,655 bales for the*
been 1,783 bales less than same week last year and since same week of 1893, and that the increase in amount in sigRfe
Sept, 1 are 446,947 bales more than for same time in 1892-9?,
to night as compared w ith last year is 869,429 bales.



]9 6

THE CHRONICLE.

W e a t h e r R e p o r t s b y T e l e g r a p h .— Our telegraphic re­
ports from the South this evening are, as a rule, of a favorhle character. In a number of sections along the Atlantic
the rainfall is claimed to have been excessive, and in a few
■districts of Texas moisture is needed. But the general tenor
of our advices is that the cotton crop is doing well and in
some sections of Alabama and Texas the prospects are excep­
tionally good.
Galveston, Texas.—The weather has been very favorable.
It has rained on two days of the week, the rainfall reaching
two inches and forty-five hundrelths. The thermometer has
averaged 78, the highest being 86 and the lowest 71.
During the month of July the rainfall reached six inches and
thirty-two hundredths.
Palestine, Texas.—Cotton is improving. We have had
showers on two days of the week, the rainfall reaching five
hundredths of an inch. The thermometer has averaged 80,
ranging from 68 to 92. Rainfall for the month of July two
inches and seventy-four hundredths.
Huntsville, Texas.—We have had showers on two days of
the week, the rainfall reaching eighty-three hundredths of an
inch. The thermometer has ranged from 70 to 94, averaging
82. July rainfall one inch and nineteen hundredths.
Dallas, Texas.—Prospects were never better. There have
been showers on two days during the week, the precipitation
reaching sixty-two hundredths of an inch. Average ther­
mometer 79, highest 94 ahd lowest 61. Rainfall for July one
inch and seventy-nine hundredths.
San A ntonio, Texas. —Cotton needs rain very much. There
has been one shower during the week, to the extent of
nineteen hundredths of an inch. The thermometer has aver­
aged 83, the highest being 96 and the lowest 70. During July
the rainfall reached sixty hundredths of an inch.
Ruling, Texas.—-A general rain would be of great benefit.
We have had light rain on one day of the week, the rain­
fall reaching six hundredths of an inch. The thermome­
ter has averaged 85, ranging from 70 to 100. The rainfall
during the month of July has been forty-three hundredths
of an inch.
Columbia, Texas.— The cotton crop looks promising. We
have had showers on two days of the week, the rainfall reach­
ing fifty hundredths of an inch. Tne thermometer has ranged
from 70 to 90, averaging 80. During the month of July the
rainfall reached two inches and twenty-five hundredths.
Cuero, T exa s— Prospects were never better. We have had
showers on three days of the week, the precipitation reaching
thirty-eight hundredths of an inch. Average thermometer
83, highest 96 and lowest 70. During the month of July the
rainfall reached two inches and forty seven hundredths.
Brenham, Texas.—Rain would improve the cotton crop.
We have had rain on one day during the week, to the extent
of one hundredth of an inch.
The thermometer has av­
eraged 84, the highest being 98 and the lowest 70. Rainfall
during the month of July one inch and fifty-five hundredths.
Belton, Texas.—Cotton needs ram badly. There has been
one shower during the week, the precipitation reaching two
hundredths of an inch. The thermometer has averaged 84,
ranging from 66 to 102. • The rainfall during the month of
July was one inch and fifty four hundredths.
W eatherford, T exa s— Cotton is doing well. It has rained
on one day of the week to the extent of one inch and three
hundredths. The thermometer has ranged from 68 to 96,
averaging 82. July rainfall five inches and three hundredths.
F ort W orth, Texas.—Telegram not received.
New Orleans, Louisiana.—I t has rained on two days of the
week, the precipitation being one inch and twenty-eight hun­
dredths. The thermometer has averaged 79.
Shreveport, Louisiana.—It has rained on two days during
the week, to the extent of seventy-one hundredths of an inch.
The thermometer has averaged 80, ranging from 68 to 93.
Columbus, Mississippi.—Crop conditions are very satisfac­
tory. There has been rain oa two days during the week to
the extent of seven hundredths of an inch. The thermom­
eter has ranged from 63 to 98, avenging 79. During the
month of July the precipitation was five inches and ninetyeight hundredths.
Leland, Mississippi. —We have had rain on three days of the
week, the rainfall reaching o re inch and twenty hundredths.
Average thermometer 78-3, highest 91 and lowest 65.
(i^Meridian, Mississippi.—The precipitation has been exces­
sive the past week, rain having fallen on each day. Damage
to cotton from rust and boll worms is reported in several lo­
calities. The thermometer has averaged 82, the highest being
94 and the lowest 70.
L ittle Rock, Arkansas.—Rain has fallen on two days of the
week, to the extent of one inch and thirty-one hundredths.
Crops have in general been benefitted. The thermometer has
averaged 80, ranging from 64 to 98.
Helena, A rkansas.—Crops are reported to ba first rate in
general, but some sections need rain. Rains have been local.
There have been light showers on two days of the past week,
the rainfall being six hundredths of an inch. July rainfall six
inches and ninety-nine hundredths, on nine days.
Memphis, Tennessee.—Crops are doing well. We had light
rain yesterday, but the precipitation was heavier in the vicin­
ity. The rainfall reached six hundredths of an inch. Indi­
cations are for more moisture. Average thermometer 80■!,
highest 94’8 and lowest 67*8. During July it rained on eight
days, to the extent of three inches and twenty-seven hun­
dredths.
¡L Nashville, Tennessee.— The week’s rainfall has been one inch




f Vol. L1X.

and seven hundredths. The thermometer has averaged 79,
the highest being 92 and the lowest 6 8 .
Mobile, Alabama.—Crop reports are excellent. It has
rained on five days of the week, the rainfall reaching one
inch and eighty hundredths. The thermometer has averaged
80, and ranged from 71 to 92. During the month of July
the rainfall reached five inches and ninety-one hundredths.
Montgomery, Alabama.—Crops are excellent. The August
report of the State Agricultural Bureau issued to-day is based
on three hundred replies, and states that cotton and corn
stands were never better. Cotton is splendid and the corn
crop the most abundant ever grown. We have had rain on
six days of the week, the precipitation reaching sixty-six
hundredths of an inch. The thermimeter has range! from
70 to 90, averaging 81. Month’s rainfall four inches and
thirty-eight hundredths.
Selma, Alabam a.—There are slight indications of rust in
some localities, owing to excessive rain. Rain has fallen on
two days of the week, to the extent of fifty-eight hundredths
of an inch. Average thermometer 79, highest 91 and lowest 67.
Madison, Florida.—Telegram not received.
Columbus, Georgia.—Rain has fallen on three days of the
week, to the extent of three inches and fifty-nine hundredths.
The thermometer has averaged 80, ranging from 70 to 91.
Savannah^ Georgia.—We have had rain on six days of the
week, the rainfall reaching three inches and nine hundredths.
The thermometer has ranged from 69 to 91, averaging 79.
July rainfall thirteen inches and eighteen hundredths.
Augusta, Georgia.—Accounts from the crop conflict. It is
asserted that excessive rain has injured the plant in some sec­
tions and that grass is troublesome. We have had showers on
five days of the week, the precipitation being fifty-four hun­
dredths of an inch. Average thermometer 80, highest 92 and
lowest 70. July rainfall nine inches and ninety-nine hun­
dredths.
Charleston, South Carolina.—It has rained on six days dur­
ing the week, the rainfall being two inches and ninety-six
hundredths. The thermometer has averaged 80, the highest
being 88 and the lowest 71. Daring the month of July tt*
rainfall reached eleven inches and twenty-eight hundredths.
Stateburg, South Carolina.—We have had rain on three
days of the week, the precipitation reaching one inch and
forty-one hundredths. The thermometer has averaged 77 7,
ranging from 70 to 8 6 . During the month of July the rain­
fall reached eight inches and seventy-two hundredths, on fif­
teen days.
W ilson, North Carolina.—Rain has fallen on two days of
the week, to the extent of one inch and eighty-five
hundredths. The thermometer has ranged from 72 to 92,
averaging 83.
The following statement we hav ■
also received by telegraph,
showing the height of the rivers at the points named at
8 o’clock August 2, 1894, and August 3, 1893.
Aug. 2, ’94.
Feet.
New O rlean s_
_
4 ‘2
M em phis.............
47
Nashville.'...........
2-6
Shreveport .......
16
Vicksburg........... ___Above low-water mark.
68

Aug. 3, ’93.
Feet.
66
8-1
26
4-2
12-6

I n d i a C o t t o n M o v e m e n t F r o m a l l P o r t s . —The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringiag the figures down to Au$u 3t 2 .
B O M B A Y R E C E IPTS AND SHIPM ENTS F O E F O U R Y E A R S.

Shipm ents th is week. Shipm ents since Sept. 1,
Fear Great Conti­
Great Conti­
T otal.
BriVn. nent. Total. B rita in nent.

Receipts.
This
Since
Week. Sept. 1.

93-4
8,000 8.000 47.000 758.000 805.000 8,000 1.775.000
'92-3 1,000 11,000 12,000 43.000 796.000 839.000 4.000 1.719.000
91-2
5.000 5.000 69.000 828.000 897.000 5.000 1.734.000
90-1
6.000 6.000 103,000 917,000 1,020,000 11,000 2.029.000
iShipments for the week.
Shipments since Sept, 1
Great
B ritain.

Conti- I
Total.
nent.

OaloattE—
1893-94...
1892-93...
Madras—
1893-94...
1892-93...
All others—
1893 9 4 ...
1892-93...

3,000
1,000

5.000
1,000 ,

Total a ll—
1893-94...
1892-93...

4,000
1,000

2,000
......... !

1

Great
B ritain . Continent.

Total.

2,000

21,000
11,000

86,000
43,000

107,000
54,000

2,000

23,000
10,000

15,000
6,000

38,000
16,000

8,000
2,000

34,000
28,000

86,000
61,000

120,000
89,000

1
8,000 1 12,000
1 000
2,000

78,000
49.000

187,000
110.000

265,000
159,000

......... ’
1,000

1,0 0

1

The above totals for the week show that the movement from
ihe ports other than Bombay is 10 ,00 0 bales more than the same
week last year. For the whole of India, therefore, the total
shipments since September 1,18)3, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO EDEOPE FROM ALL IN D IA .

1893-94.

1892-93.

Shipm ents
o a ll Europe
fro m —

This
week.

Since
Sept. 1.

This
week.

Since
Sept. 1.

lo m b a y ..........
i l l other porta.

8,000
12,000

805.000
265.000

12,000
2,000

839.000
159.000

20,000 1,070,000

14,000

998,000

T o t a l ... . . .

1891-92
This
week.
5.009
7,00Q

Since
Sept. 1.
897.000
178.000

12,000 1,075,000

THE CHRONICLE,

AUGUST 4, 1894.]

A l e x a n d r i a R e c e ip t s a n d S h ip m e n t s . —Through arrange*
ments we have made with Messrs. Davies, Benachi ft Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The follov mg
are the receipts and shipments for the past week and for the

corresponding week of the previous two years.
A lexan dria, Egypt,
August 1.

1893-94.

R eceipts (oantars*). . . .
This w e e k ....
Sinoe Sept. 1 .

Exports (bales)—
To L iverp ool.............
To C ontinent.............

1892-93.

1891-92

4,976,000
This
Since
week. Sept. 1.

5,030
5,143,000
This
Since
week Sept. 1.

1,000
4,662 000
This
Since
week. Sept. 1

320.000
èjooo 311.000

1,000 307.000
4,000 343.000

327.000
1,000 270 000

5,000 650,000

1,000 597,000

Total Europe_____ 5,000 631 00
* A oantar is 98 pounds.

197

The deliveries of jute butts and rejections at New York and
Boston during July were 4,651 bales against 6,454 bales for
the same month last year, and for the seven months the
deliveries reached 147,032 bales against 339,820 bales in 1893.
The aggregate stock in the hands of importers and specu­
lators at New York and B >ston on July 31 was nil bales aga’m t
18,000 bales at the corresponding date in 1893 and the amount
afloat for the United States reaches 74,509 bales against
33,5 3 bales last year.
E ast I ndia Crop.—The following is from the Bombay
Prices Current, dated July 6 :
The opening official telegraphic w eather and crop report of the sea­
son, to hand on Monday, advised a fall of rain over th e whole of the
cotton-growing districts ranging from 17 cents at Sholapore, where
the absence of a sufficient fall was causing anxiety, to 17% iaches a t
Broach, w here cotton sow ing w as com pleted, and a break in the
w eather was needed. Throughout the Bengal and Oomrawuttee circles
generally sufficient rain had fall an for the present, and cotton-sowing
w as rnahing good progress in all districts of both circles, sow ing
having also begun in the Wadwan district of the Dhollera circle; but
at Hubli. in the Dharwar circle, raid w as m uch needed, and field oper­
ations were interrupted in its absence. This morning’s telegram
reported a further ligh t fall of rain in alm ost all the districts ; but iu
som e more was required ; w hile at Broach a break w as needed.

M a n c h e s t e r M a r k e t . —Oar report received by cable to ­
night from Manchester states that the market is dull for
yarns and steady for sheetings. Stocks of yarn are accum u­
E g y p ia n Co
report of the Alexandria
lating. We give the prices for to-day below and leave those GeneraltProducetto n C r o p . — The tba condition and prospects
Association upon
for previous weeks of this and last year for comparison:
of the new cotton crop at the end of Jane is as follows :
1893.

1894.
8% lbs.
Shirtings.

3 2 s Oop.
Twist.
s.
4
4
4
4
4
4

d.

d.
J ’e 29 6 ®6%
Ju ly 6 6 ®6%
“ 13 5 7« »6%
“ 20;578 ®6%
“ 2 7 |5 7Ì8 ®6%
Aug.3 5% 96%

d. s.
9 ® 6
8*S®6
8 ®6
8 ®6
7*a®6
7 96

OotVn

32s Oop.
Twist.
TJplds

d.

d
d.
8
313x8 6 78
7 *2 4
3l5t 6 78
7
315,6 6%
7
tDfl 3 78 6%
6
3 l3is

Oou

8I4 lbs.
Shirtings.

fl. s. d. s.
®7% 5 6%®7
5 6*9 ®7
®7®8 5 7 ® 7
®7*a 5 7 ®7
®7ifl 5 7 ® 7
5 7 ®7

M iri

Upl'

d.
4
4
4
4*9
4ifl
4ifl

<
1
47x«
43g
4*9
4*9
4%
47X
6

The good temperature of the month of June has been m ost favorable
to the cotton plants. Everywhere they present a healthy and pros­
perous aspect. Where the sow ing took place early, the plants are
about fifteen days in advance of last year, while the fields that were
sown late are scarcely more advanced than last season at this tim e.
They are, however, in very good condition. Worms appeared in sm all
numbers in m any districts, but the intense heat quickly destroyed
them , and they disappeared without doing any damage. The water,
distributed in turn on a system of rotation established by the Govern­
m ent, has been sufficient up to the present, and from nowhere have
any com plaints been made. In a word, up to to-day nothing adverse
has appeared, the situation is good, and if it were not that the plants'
depend specially on the atmospheric influences of the latter part o f
the season, one m ight to-day entertain the very be3t hopes.

S e a I s l a n d C o tto n Mo v e m e n t . —We have received this
S h i p p i n g N e w s . —The exports of cotton from th 9 United
(Friday) eveaing by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The States the past week, as per latest m ail returns, have reached
receipts for the week ending to-night (August 8 ) and since 21,809 bales. So far as the Southern ports are concerne1, these
Sept. 1, 1893, the stocks to-night, and the same items for the are the same exports reported by telegraph and published in
the C h r o n ic l e last Friday. With regard to New York we
corresponding periods of 1892-93, are as follows.
include the manifests of all vessels cleared up to Thursday.
1893-94.
1892-93.
Stock.
Total bales.
Receipts to Aug. 3.

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

1893.

S a van n ah .............. ...........

3 54,178
2,212
3,571

4 35,461
6,093
3,775

977
33^
769

1.639
362
200

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

3 59,961

4 45,329

2,085

2,201

The exports for the week ending this evening reach a total
of 54 bales, of which 10 bales were to Great Britain, 44 to
France and — tc Reval, and the amount forwarded to
Northern mills has been — bale3. Below are the exports fo<the week and since September 1 in 1893-94 and 1892-93.
Exports
from—
Savannah...
Oharl’t ’n, &c
flo rid a , &e.
N ew Y ork..
B o sto n ........
B a ltim o re..

Week E nding Aug. 3. Since Sept. 1 ,1 8 9 3 .
Great Fr’nce
Great Fr'nce
Total. B rit’n. <tc.
Total.
B ril’n. <te.

•" Ï0

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

10

Tot. 1892-93

90

North'n Mills.
8ince
Week. Sept. 1

22,932
386
125
*44 ” "44 3,671
10 5,420
72

2,326 25,258
17
403
125
2,34 3 6,014
5,420
72

44

54 32,606

4,686 37,292

22,425

90 20,401

1,901 22,302

10 22,817

18,057
1,227
3,141

......

A considerable portion of the Sea Island cotton shipped to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Iastead of including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table of including it when
actually exported from New York, &c. The details of the
shipments of Sea Island cotton for the week will be found
under the head “ Shipping News,” on a subsequent page.
Quotations August 3 at Savannah, for Florid is. common,
13c.; medium fine, I5 ^ c.; choice, 17%c.
Charleston, Carolinas, medium fine, 20 to 23c.; fine, 25 to
30c.; extra fine, 30 to 40c., all nominal.
E x c h a n g e s . —The following exchanges have been made
during the week:
"01 pd. to exoh. 100 Aug. for s n.
’08 pd. to exeh. 6<>0 S pt for Oct.
•04 pd. to exch. 100 July for Aug.
•04 pd. to exch. 100 Aug. for Aug.
no notice.
•09 pd. to exch. 800 Oct. for Nov.
*27 pd. to exch. 1.000 Aug. for Deo.
•50 pd. to exch. 600 Aug. for Mch.
•06 pd. to exch. 400 Aug. for Sept.
•30 pd. to exch. 100 Sept, for Jau.
•38 pd. to exch. 300 Aug. for Jau.
•14 pd. to exch. 200 Aug. for Oct.

I *08 pd. to exeh. 200 Sept, for Oct.
| • 15 pd. to exch. 200 Aug. for Oct.
06 pd. to exch. 500 Aug for Sept.
| -IS pd. to exch. 300 Sept, for Nov.
i -07 pd. to exch. 1 )0 Aug foi Sept.
*21 pd. to exoh. 2, )00 Deo. for Mch
| -08 pd. to exoh. lo o Dec for Jan.
*07 pd. to exch. 100 Dec. for Jan.
-23 pd. to exch z 00 Oct. for Jan.
I '09 pd. to exoh. 100 Sept, loi Oct.
06 pd. to exoh. 100 Aug. for Sept
| "16 pd. to exch. 4 >0 Oct! for Dec.

J u t e B u t t s , B a g g in g , & c . —Bagging has been in fair
request during the week under review and prices have been
firmly maintained at 6 c. for
lbs., 6 ^ c . for 2 lbs. and 7 c.
for standard grades in a jobbing way. Qaatations for car­
load lots of standard brands have also ruled steady at 6 c. for
1% lbs,, 6 %c. for two l!:s. and 7c. for 2 1 ^ lbs., f. o. b. at New
York. Jute butts have been dull|and nominal on the spot.




N ew Y ork —To Liverpool, per steam er Tauric, 104.......................
To Hull, per steam er Colorado, 2,700. .......................................
To Havre, per steam ers La Bourgogne, 121 upland and 44
sea Island !....... .......... ...................................
..............
To Bremen, per steam ers Aller, 2 0 0 . . . . Trave, 485 . . . . . . . . .
To Hamburg, per steam ers Scandia, 5o. ...................................
To Antwerp, per steam er Waesland, 552 ................
To Barcelona, per steam er Martin Saenz, 7 ,0 3 1 ..................
To Genoa, per steam ers Letimbro, 2.420 ...N eck ar, 1 ,1 5 0 ..
To Naples, per steamer Geilert (additional), 400.....................
To Venezuela, per steam er Philadelphia, 40 ..........................
To Yokohama, per steam er Pathan, 549....................... .............
N ew Orleans —T » Liverpool, per steam er Costa Rican, 4,365 ..
<
Charleston —To Warberg, per bark G iovanni B attista, 1,4 5 0 ..
Boston—To Liverpool, per steam ers Pavonia, 2 ....S ach em , 1 ..
To Halifax, per steam er Olivette, 25. ......................... ...............
P hiladelphia - Co Antwerp, per steam er Switzerland (addi­
tional), 120 ............................................................... ....................
Total.

104
2,700

165
685
50
552
7,031
3.570
400
40
549
4,365
1,450
3
25
120
21,809

The particulars of these shipments, arranged in our usual
form, are as follows:
New York.
N. Orleans.
Charleston.
Boston. . . .
Philadel’a..
T o t a l....

Bremen Antw’p
Venezuela,
LiverdlHam- < War- S m th Japan <t
6
pool. Hull. Havre, burg.
berg,Europe. H alifax. Total.
104 2,700
165
735
552 11,001
583 15.846
4,365 ...............................................................................
4,365
................................................... 1,450
1,450
3 ......... ...................................................
25
28
.................................
120 ...............
120
4,472

2,700

165

735 2,122 11,001

614

21,809

Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
Ne w O rleans —T o Hamburg—
July 27 - Steamer Kehrwieder, 466 . . .
Aug. 1—Steamer Steiuhoffc, 900.
To Genoa—Aug. 2 —Stea ner Highland P .in oe, 4 ,015.
Boston —To L iverp ool-Ju ly 27 —Steamer Norseman, 50 upland and 1 0
Sea Island.
To Yarmouth - Ju ly 31—Steamer Yarmouth, 200.
B altim ore —Co Bremen - Aug. 2 -S tea m er H. H. Meier, 323.
To A n tw erp -J u ly 25 —Steamer Otranto, 601.
P h i l a d e l p h i a - T o Antwerp Ju ly 2 7 —Steamer P ennsylvania, 41.

Cotton freights the past week have been as follows:
Satur.
Liverpool, steam .d
S64
....
Manches’r, s’t ’m.d.
Havre, s te a m .. d.
25t
20t
Do
s p o t ....... d.
25f
Bremen, ste a m ..d.
.. . .
Do
later. ,.d .
Hamburg, steamd.
M.
Do
later..d.
....
Ams’dam, steam.c.
25t
Reval, via H ull.d.
n 64
Do v. Hamb d.
316
B’lona, d irect...d .
318
Genoa, stea m ...d . 96t®533
Do v.M V l’s,&c d.
23t
Trieste, v.Genoa.d.
3X
8
Antwerp, steam . d.
7««
t Cents net per 100 lbs.

Mon.

Tuts.

584

B
64

....
....

....
....

Wtdnes. Thurs.
564

....

....

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

*8

*8

*8

....

.. . .

.. . .

*8

*8

En.

l lb®664 116®564
....

....

21t

21t

....

....

25t

25t

.. . .

.. . .

*8

%

.. . .

....

....

.. . .

....

251
U 61
3xe
3X
6
964
28t
3X
6
7,4

25t
n 64
316
3X
6
»84
23t
316
3^9

25t
n 6i
3X
6
3X
6
964
281
8ie

251
U 64
316
3X
6
9 4
28t
3X
8

251
U 64
316
3L8
964
28*
3xa
3S9

THE CHRONICLE.

198

L iverpool.—B y cable from Liverpool we have the following
¡statement of thè week’s sales, stocks, &e., at that port:
J u ly 13.

J u ly 20. Ju ly 27.

Aug. 3.

60,000
Bales of the w eek ..............bales.
50.000
41.000
51.000
3,200
Of which exporters took . . .
2,100
2,300
2,000
200
Of which speculators t o o k . .
500
300
45.000
37.000
45.000
¡Sales Am erican...........................
51.000
8,000
8,000
7.000
10.000
Actual exp ort ......... ........... ...........
54.000
51.000
53.000
52.000
Forwarded ..........................................
T otal stock—Estim ated ............... 1,331,000 1.287.000 1.247.000 1.205.000
Of which American—E stim ’d L,125,000! 1.083.000 1.051.000 1.008.000
22.000
15.000
2t),000
18.000
T otal im port of the w eek ___ _
17.000
14.000
5,000
8.000
Of w hich A m erica n ...............
36.000
45.000
42.000
27.000
Am ount afloat. ..............................
28.000
22.000
15.000
26.000
Of w hich Am erican ...................

The t o n e o f t h e L iv e r p o o l m a r k e t f o r s p o ts a n d f u t u r e s e a c h
day o f t h e w e e k e n d in g Aug. 3, a n d t h e d a ily c lo s in g p r ic e s
of s p o t c o tto n , h a v e b e e n a s f o llo w s :
Spot.

Saturday Monday. Tuesday

Market, )
1:45 p . M, j

Quiet.

Mld.Upl’ds.
«Bales.............
Spec. & exp.

)
(

F a ir
b u sin ess
d o in g .

32532

31316

3 i3 ie

31316

8,000
500

12,000
500

12.000
1,000

10,000
500

3%

3%

6,000
300

Futures.
Market, ?
1 :45 p. M. j
Market,
4 P. M.

Firm.

Dull.

10,000
500

E a sy a t S te a d y a t S te a d y a t S te a d y a t Quiet at
1-64 a d ­ p a rtia lly
1-64 @2.61 2-64 d e p a rtia lly
1-64 dec. 1-64 dec.
d e c lin e .
c lin e .
vance.

Q u iet.
Q u iet a n d
s te a d y .

S te a d y .

Q u ie t and
ste a d y .

have advanced on free .buying largely by the interior, stim­
ulated by the poor outlook for the growing crop, due to the
continued dry and hot weather through the corn belt. On
Tuesday the upward course of prices received something of a
check on reports from the West reporting showers, but as no
general rains were reported they were quickly forgotten. In
the spot market prices have also made a sharp advance. At
the higher costs the local demand has been fairly good, but
shippers have withdrawn. The sales yesterday included No.
2 mixed at 55%@55%c. in store and 57c. afloat; also No. 2
white to arrive at 58c. To-day the market was unsettled,
closing lower under realizing sales by longs, prompted by
lower temperature at the West and talks of rains. The spot
market was firm but quiet. The sales included No. 2 mixed
at 56c. in store and 57c. delivered.
DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
S a t.

B a re ly
s te a d y .

Quiet.

S te a d y .

M on.

...0 . 50
...c . 49
..c . 49%

Wedues. Thursd’y. Frida*.
M ore
doing.

In buyers
favor.

IVol.LIX.

53
52
52
50%
49%
49%

- . 0 ..............

T ues.

51%
50%
50%

48%
48%

M on., J u ly 3 0 .

3 49
3 49
3 49
3 50
3 51
3 52
3 53
3 54
3 55
3 57

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

3 49
3 49
3 49
3 50
3 51
3 52
3 53
3 54
3 55
357

3 49
3 49
3 49
3 50
3 51
3 52
3 63
3 54
3 56
3 57

W ed ., A u g . i .

A u g u s t ......
A u g .-S e p t. .
S e p t.-O c t...
O c t.-N o v ... .
N o v .-D e e .. .
D e c .-J a n ....
- J a n .-F e b ....
F e b .-M c h ..
M ch.-A pril.
•A pril-M ay..

3 46
3 46
3 46
347
3 48
3 49
3 50
3 51
3 52
3 54

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

3 46
3 46
3 46
3 46
3 47
3 48
3 49
350
3 52
3 53

T u e«., J u ly 3 1 .

3 46
3 46
3 46
3 47
3 48
3 49
3 50
3 51
3 52
3 54

3 42
3 42
3 42
3 43
3 44
3 45
3 46
3 47
3 48
3 50

T h n ra., A u g . 2 .

3 43
3 43
343
3 44
3 45
3 46
3 47
3 48
3 50
3 51

3 42
3 42
3 42
3 43
3 44
3 45
3 46
3 47
3 48
3 50

3 43
3 43
3 43
3 44
3 45
3 46
3 47
3 48
3 50
3 51

F r i., A u g . 3 .

Open Sigh how. Otos. Open Sigh hOW. Olot. Open Sigh hOW. Otti
a.
d.
d.
4.
d.
d.
d.
d.
d.
d.
d.
4.
3 45
3 45
3 46
3 47
3 48
3 49
3 50
3 51
3 53
3 54

3 46
3 46
3 47
318
3 49
3 49
3 50
3 52
3 53
3 55

3 43
3 43
3 43
3 44
3 45
3 46
3 47
3 49
3 50
3 52

3 43
343
3 44
3 45
3 46
3 47
3 48
3 49
3 51
3 52

3 41
3 44
3 45
3 46
3 46
3 47
3 48
3 50
3 51
3 53

3 45
3 45
3 45
3 46
3 47
3 48
3 49
3 50
3 52
3 53

314
3 44
3 45
3 45
3 46
3 47
3 48
3 50
3 51
3 53

54%
54
53%
53%
50%
50%

DAILY CLOSING PRICES OP NO. 2 MIXED OATS.

Op«n H igh hOW. Oíos. Open S ig h hOW. Ole» Open S ig h hOW. .Olos.
4.
d.
d.
A.
d.
d.
d.
d.
4.
d.
d.
d.
J u l y ..............
J u ly - A u g ...
A u g .-S e p t..
S e p t.-O c t...
O ct.-N o v ....
N o v .-D e e ...
D e c .-J a n ....
-J a n .-F e b .. .
F e b .-M c h ..
M ch.-A pril.

55%
54%
54%
53%
51%
51

Oats for future delivery have been quiet, but prices have
made moderate advances on some buying by shorts to cover
contracts, stimulated by the strength of corn. In the spot
market business has been fairly active at advancing prices.
Yesterday the sales included No. 2 mixed at 40%@413^c. in
elevator and No. 2 white at 42@43c. in elevator. To-day the
market for futures was quiet and easier. The spot market
was firm and higher, owing to scarcity of supplies. The sales
included No. 2 mixed at 42c. in elevator and No. 2 white at
44@44^c. in elevator.

The opening, highest, lowest and closing prices of futuies
S a t.
M on.
T ues.
,0
¡at Liverpool for each day are given below. Prices are on August d elivery............0. . 33% 34% 33%
,c.
September d elivery__.c.
the basis of Uplands, Low Middling clause, unless otherw se October d elivery.......... 0. 32% 33% 33%
34%
.0. 33%
33%
stated:
The following are closing quotations
S a t., J u ly 2 8 ,

F r i.

W ed. ■ T h u r s .

54
52%
52%
517g
49%
49%

3 45
3 45
3 45
3 46
3 47
3 48
3 49
3 50
3 52

3 41
3 44
3 45
3 45
3 46
3 47
3 48
3 50
3 51
3 5 3 H 3 53

3'46
3 46
3 46
3 47
3 48
319
3 50
3 51
3 53
3 54

3 44
3 44
3 45
3 45
3 46
3 47
3 48
3 50
3 51
3 53

3 46
3 46
3 46
3 47
3 43
3 49
3 50
3 51
3 53
3 54

34%
33%
34%

F r i.

T h u rs.

34%
34%
34%

34%
34%
34%

P ine.................. $ bbL $1 75® $1 95 Patent, w in t e r ....... $2 90® $3 30
Superfine..................... 1 80® 2 10 City m ills ex tra s.......
3 45
Extra, No. 2 . . . . . ........ 2 00® 2 25 Rye flour, superfine.. 2 65® 3 0 0
Extra, No. 1 ............... 2 20® 2 40 Buckwheat flo u r ................ ® . . . .
Clears...............
2 30® 2 60 Corn m eal—
8traigh ts..................... 2 60® 3 50
Western, &o............ 2 50® 2 60
Patent, spring....... .
3 50® 4 00
B randyw ine.
3 00
[Wheat flour in sacks sells at prices below those for harrels.]
GRAIN.

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

c.
52 @
56 ®
51 ®
52 ®
42 ®
41%@
42 ®
44 ®

c.
Corn, per bush—
66
Wesf’n m ix e d ......
56%
No. 2 m ixed___. . .
59
W estern y e llo w ...
59
Western W hite___
43
Rye—
56
Western, per bush.
43
State and J ersey ..
Barley—No.2 West’n
45
State 2-rowed.......
State 6-rowed___

0.
0.
50 ® 52
56 ® 57%
57 ® 59
57 ® 59

....

®
®
®
®
®

....

The movement of breadstuffs to market is indicated in tb e
statement below is prepared by us from the figures of the
New York Produce Exchange. We first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending July 28, 1894,
and since August 1, for each of the last three years:
Receipts a t—

F lo u r.

W h ea t.

C om .

Oats.

B a rley.

R y e.

B b ls .im b s B u sh . 60 lbs JBush.56 lbs Bush.32 lbs B u s h .iS Ibi B u .56 lbs.
722,910
84,974 1,226.964 1,319,070
12,800
C h icag o .........
26,950
39,000
9,900
36,200
60,000
3,200
10,800
M ilw aukee...
889.198
137,277
2,984
D u lu th ........
719,220
48 440
M inneapolis.
1,682
6,60 >
12,30 1
7,800
3,260
260,274
40,701
29,073
13,010
57,933
5/208
C le v e la n d ....
25,359
33,415 1,309 037
St. L o u is.......
432,615
242,320
1,562
8,850
88.200
215,150
366,300
3,000
C an sas C ity.
214,037
4,161

• ••
••

O
O

«5

B R EA D STU FFS.

W ed .

F r i d a y , August 3, 1894,
There has been some improvement to the jobbing trade in
the market for wheat flour during the past week, but other­
wise the market has failed to make any response to the im ­
provement in wheat values. Prices have remained about T o t.w k , «94.
292,398 6,415,313 2,113,929 1,458,282
16,000
50,112
290,665 3,129,395 3,179,603 2,130,367
as formerly. Rye flour has been quiet and without change. Sam e w k ,’93.
32,777
33,799
281,681 5,460.835 1,493,329 1,925,539
100,852
41,421
•Corn meal has sold moderately well, and prices have ad­ Sam e w k ,’92.
vanced in sympathy with the sharp rise in corn values. To­ Sines A u g . 1.
1893-94....... 13,632,402 157,739,254 149,940,292 118,048,526 28,426.780 3,458,628
day the market for wheat flour was quiet but steady.
1892-93....... 13,499,789 242,093,935 130,453,434 119,410,521 29,433,826 7,173,662
There has been a fair amount of activity in the speculative
1891-92....... 13,428,514J23 3,068,815 125,139,211 114.632 397 31,763,315 14 582,264
-dealings in wheat futures, and prices have scored a moderate
The receipts of flour and grain at the seaboard ports for the
advance on fair buying, principally by shorts to cover con­
tracts, stimulated by the sharp rise in corn and stronger Euro­ week ended July 28, 1894, follow:
Flour,
W h ea t,
C om ,
Oats,
B arley,
pean advices. In the spot market prices have advanced in
Ry«,
Receipts
bush,.
bbls.
bush.
bush.
bush.
bush.
sympathy with the rise in futures, and at the improvement New Y o rk a t—
.............
Ss97,55T
228,500
2.925
3,150
B o sto n ...................
283,039
130,056
107,202
835
shippers have been limited buyers. The sales yesterday in ­ M o n trea l...............
6,100
cluded No. 2 red winter at %@%c. under September f. o. b. P h ila d e lp h ia .......
653,933
27,237
33,655
563,819
o re
45,108
26,698
6,213*
afloat; No. 2 Toledo at %o. under September delivered, and B a ltim o n d.............
R ic h
2,041
37.933
10,730
8.110
No. 2 hard Milwaukee at 2c. under September delivered. To­ New m rle a............
O
n s .......
39.893
5,533
24,673
day the market was lower in sympathy with a decline in corn
To
221,578
835
9,363
and under realizing sales by longs. The spot market was W eek ta l w e e k ... . . . 298,193 2.475.191 1,519,396 437.947
1893............
2,841,484
759,504
21.035
33,123
moderately active at easier prices. The sales included No. 2
The total receipts at ports named in last table from Jan. 1
red winter at %@%c. under September f.o.b. afloat and No. 2 to July 28 compare as follows for four years:
Toledo at %c. under September delivered.
Receipts o f—
1894.
1893.
1892.
1891.
DAILY CLOSING PRICES OP NO. 2 RED WINTER WHEAT.

■

,

S a t.

M on.

A ugust delivery............... c. 54%
56
September delivery.........0. 55 78
57%
O ctober d elivery...........0..........................
Decem ber d elivery.........c. 59%
61
M ay d eliv ery ...................0. 64%
66

T ues.

55
56%
57%
59%
64%

W ed.

55%
56%
53
60%
65%

T h u rs.

56%
57%
58%
61%
66%

FH

55%
57
53%
60%
65%

The interest of the grain trade has been centred in Indian
corn. The speculation in futures has been active a n i prices




F lo u r.................. ..h h ls . 11,203,954

10,553,412

10,441,338

7,745,235

W h e a t.............. .h u s h . 22,006,854
C o r n .................. ........... 33,735,775
O a t s ..................
B a r le y .............. ............ 1,781,939
R ye....................

47,293,133
31,093,817
25.992.793
2,688,831
790,827

57.725.406
64.706.407
31.363,345
3,067,006
2.770,287

27,465,143
23,915,877
19,626,142
1,82 1,181
382,421

T o ta l g ra in . ........... 78,023,218

107,852,401

159,632,451

73,212,764

The exports from the several seaboard ports for the week
ending July 28, 1894, are shown in the annexed statement:

THE CHRONICLE.

A u g u s t 4, 1894. J
_
.
W heat.
C om .
E x p o rts fr o m — bush.
bush.
N ew Y o rk ................... 478,567
110,544
B o s to n ........................ 140,496
........
M o n tr e a l.................... 125,115 ..............
P h ila d e lp h ia ............ 164,150 . . . . . . . .
B a ltim o re ...... ............ 597,473
......
N ew O rle a n s.............. 42,700
1,578
N e w p o rt N ew s......... 32,293
.............
N o rfo lk | ...................
.....................
P o r tla n d .......... . . . , ..............." I

F lour.
bbls.
136.905
49,633
18,307
24,637
682
17,402
11.286
.......

T o ta l w e e k ...............1,680,794
142,122
S am e tim e 1893.........2,0a7,050 1,153,559

275,156
353.328

16,804

199

Oats.
R ye.
Pea». announced for August 1. Since Lonsdales, Fruit of the Loom,
bush.
bush.
b u sh .
3,782
........................
2,355 and some other leading tickets were raised 3^c. per yard, the
.................................
9,984
...... 25,297 demand has fallen away and is dull at the close. Some
........
........
makes of narrow bleached goods are reduced
and low..
grade yard-wide makes are inactive and irregular. Brown
120
................................................
.................................
sheetings have been in quiet demand by jobbers and convert­

ers in most quarters with only occasional sales of even mod­
erate importance, and the export demand for both sheetings
drills is quieter this week. Prices are irregular but not
The destination of these exports for the week and since easier. Colored cottons are generally dull and without
Sept._l, 1893, is as below. We add the totals for the corres change in feature. Wide sheetings quiet, with “ Fruit of the
Loom ” makes reduced to the basis of 22^c. for 10-4 bleached;
ponding periods of last year for comparison:
other reductions expected. Kid-finished cambrics continue
-------- Flour.--------- .
W heat.-------- ,
-C o m .E x p o rts fo r
W eek Since Sept.
W eek Since Sept.
W eek S in ce Sept. inactive, with an easier tendency, in sympathy with print
week a n d since J u ly 28.
1.1893.
J u ly 28. 1,1893.
J u ly 28. J , 1893.
cloths. Other linings slow and easy. Dark fancy calicoes
Sept. 1 to—
bbls.
bbls.
bush.
bush.
bush.
bush.
United Kingdom 156,805 .7,857,466 1,028,780 27,705,590 ............. 27,411,413 have been in fair request and an average amount of business
Continent.......... 77.809 1,439,672 552,014 21,449.914
112,201 21,221,501 is reported in indigo blues, shirtings, staples, etc. A moderate
S. & C. A m erica.. 13.809 1,411,206
32,679
1,578
157,803
W e s t I n d ie s ....... 21,937 1,255,594
30,180
26,040
841,945 demand is reported for staple and dress style ginghams at
B rit. N. A. Col’s.
4,870
394,187
..........................
.
141,756 previous prices. Print cloths have reached the lowest price
O th e r c o u n trie s ..
426
39,320
155,154
2,303
124,271
on record, 2%c. less one per cent at Fall River and 2 9-16c. at
142,122 49,898.689
_ T ° t a l . . . . . ....... 275,156 12,397,445 1,580,794 49,373,517
T o ta l 1892-93....... 353,328 12,972,256 2,057,050 86,608,566 1,153,559 35,413,382 Providence, and are quiet thereat. Manufacturers are con­
The visible supply of grain, comprising the stocks in granary sidering the question of a concerted, reduction in wages again.
1894.
1893.
1892.
at the principal points of accumulation at lake and seaboard
Stock o f P rin t Cloths—
J u ly 27.
J u ly 28.
J u ly 29.
ports, July 28, 1894, was as follows:
Held by P rovidence m anufacturers. 319,000
171.000
N one.

_ ,
W heat,
I n store a t—
bush.
N ew Y o rk ..................... 9,502,000
‘ Do
a flo a t........... 242,000
A lb a n y .............. .
B u ffa lo .......................... 1,423,000
„D o
a flo a t................... ........
C h ic a g o ......................... 17,362,000
Do
a f l o a t.................
M ilw a u k e e ...................
849,000
Do
a f lo a t............................
D u l u t h .......................... 4,160,000
_ Do
a f l o a t.........
............
T o le d o ............................ 2,124,000
D e t r o i t .......................... 1,044,000
O sw ego..........................
72,000
Bt. L o u is .................
4,308,000
27,000
'1; D o
a flo a t...........
C in c in n ati.....................
1,000
B o sto n ............................ 232,000
T o r o n t o ........................
61,000
M o n tre a l......................
547,000
P h ila d e lp h ia ................ 911,000
P e o r ia ............................
81,000
In d ia n a p o lis ................ 874,000
K a n s a s C ity .................
518,000
B a ltim o re ..................... 765,000
M inneapolis................. 8.065,000
S t. P a u l ...........................................
O n M ississippi R iv e r.
58,000
O n L a k e s ...................... 1,345,000
O n ca n a l a n d r i v e r .., 3,088,000
T o ta l J u ly
T o ta l J u ly
T o ta l J u ly
T o ta l J u ly
T o ta l A ug.

28,1894.57.144,000
21, 1894.53,772,000
29, 1893.59,350,000
30,1892.23,993,000
1, 1891.16,768,103

13,866
409,975

C om ,
bush.
445.000
8,000
13,000
217.000

Oats,
bush.
492,000
22.000
8,000
26,000

1,526,000

135,000

R ye,
bush.
17.000
"

Farley.
bush.

1,000
31.000

14,000

2,000

9.000
9.000

6,000
3,000

83,000

5,000

10.000

72,000

1,000
10,000

1,000

119,000
47.000
37.000
9,000
16.000
178,000

2,000

6,000

44.000
142.000
65.000
105.000
20.000
10,000
17.000
11.000

35,000
1.013.000
183,000
3.973.000
3.649.000
8.023.000
6.966.000
8,873,357

"

47.000
6.000

22,000
*"¿,000
7.000
6.000

1,000

2,000
41,000

1.247.000
1.372.000
1.702.000
5.058.000
2,072,631

Fall R iver m anufacturers................. 816,000

Total stook (pieces)..................... 1,135,000

’99,000
"

40.000
4,000

........................
and
47.554

81,000
92,000
359.000
375.000
71,968

THE DRY GOODS TRADE.

293.000

N one.

464,000

None.

handling the most popular
lines of clay diagonals, woolen and worsted cheviots, Fancies
and piece-dyed staples, report a fair number of re-orders
coming to hand, and although individual purchases are still
limited, the aggregate shows clothiers’ immediate requirements
are increasing. Some manufacturers are now so well placed
as to be in an independent position, but in other directions
there is considerable hunting around for orders and some sales
at irregular prices from stock. The spring business is still
held back by the tariff deadlock and the advance in the price
of wool also inclines sellers to keep samples off the market
until things are more settled. Business in over-coatings is
chiefly in rough-faced varieties for immediate delivery,
scarcely anything doing for spring. Cloakings continue
quiet, whilst satinets and cotton-warp cassimeres, although
moving a little better than a week ago, are still inactive, as
are doeskin jeans. Business in woolen and worsted dress
goods has been without special feature. Flannels and blank­
ets are firm but quiet, and carpets dull.
F o r e ig n D r y G o o d s .— Both buyers and sellers are indiffer­
ent to pushing business at the moment in face of the tariff
situation, and the value of goods thrown on the market shows
a heavy decrease from a year ago. Only imperative needs
are being attended to, and these are without special feature.
D o m e st ic W

o o l e n s . —Agents

Mannfaotures of—
Wóol......................
Cotton ...................
8 ilk ,.......................
F la x ......................
Miscellaneo u s ____

258,817
51,813
157,957
51,596
37,810

Total w ithdr’w ’ls 1,658 557,993
E nt’d f or con sum pt 7,009 1,866,182

Total m a rk eted .... [ 8,667

I m p o r ta tio n s a n d W a r e h o u se W it h d r a w a ls o f D r y G o o d s
N e w Y o r k , F r i d a y , P. M., August 3, 1894.
The importations and warehouse withdrawals of dry goods
A fair amount of business in cotton goods, both staples and
fancies, has been done during the past week, keeping up the at this port for the week ending August 3, and since Jan. 1,
improved average of the preceding week, although at the 1894, and for the corresponding periods of last year are as
close the market is quieter, owing to higher freight rates follow s:
to the South affecting the Southern demand, and advanced
«
prices in a number of tickets of bleached cottons have cur­
L g»eáo5
fig & f
tailed business in these. Results for July, according to the
•mm
g&
l
o cp
statements of some leading houses, show a clear gain in
»
If*
H
O•
volume of sales over July last year, but not owing to deprecia­
o;
tion in prices of value. They show an improvement in both
Si
3:
volume and value over June this year. The feature men­
B
tioned in previous reports has again been noticeable, that is,
•d .
the improved business is due to the operations of a larger
number of buyers than before and not to any more liberal pur­
OM 03£*<ï M
0 03 0 CO CD
chases by individual operators. This is in keeping with re­
oco co<imcoto
5 coooqoto<i
C O H C ncntft
CD GO tO GO C O M M
1
m<tm
oo£*
ports of a good general distribution in outside markets. Crop
i»
reports are encouraging except frond some of the corn {States
M to M CO
GO CD
- ü
HtomtoC
3
H i
0303 £* tOCOCO
< to00to
103
where damage of considerable extent reported and may
009.
C3to QOOOppp
,t0 <1l^^tO
C S'
D
affect business to some degree. Tariff complications are still
m o V oco
H
W
¿f
OtO 05000
<1
OGO
a restricted influence and are practically keeping spring busi­
00 £*030000
03< mCOM
103C Q
O
ness in woolen goods at a stand-still. Prices of staple cotton
■
05
goods are still irregular, but not lower than a week ago.
M MM
©
£f03O jn
¡&0
*
D o m e st ic C o t t o n G o o d s .— The exports of cotton goods
C m tO D
OM C
C <| ooVob**
If*
C <103000
O
03£* to Cir coco CO
5
to
co m com C
i
C►
D -coto 03
from this port for the week ending July 31 were 3,258
C OC3 C
O
O
©
M H O 00£
oco <1 corn
packages, valued at $166,011, 'heir destination being to the
tO H M
points specified in the table r.el >w
poo<itoto
<J£*<JCO
tO
tOMooom
cooDo 0t0
©<U to
to comeo en#9
1894.
1893.
¿^C o M
CO 03 < 1H* GO ¡
N e w Y ork to J uly 31.
D
CC b ootoCC
DD to D*
oob'kVico
Week. Smce Jan . 1. Week.
O<C0 m tooo£

48,865
555,634

144,101

2,779

82,929
19,015
101,944

O £>
£tCD

oo£*oom

tocotoco
C C 0 3 M tfh
0 0

moo 0000M35C
O
eneo <i03 t-4
00to 03C to
O
£*1 m C C
ft D D

coocooom

M MM
03WM
030 C C M ,
OO
m too co co
C to C C C
O OOO

mcom to to
CDeo<100
mm co tooo

3,222,424
3,015,651
3,558,105
2,315,730
723,147




o o ^ jq m to
<|£*O3œQ0

<|C t0M<|O3»D
C O 03030000
D

48,880,429

The value of the New York exports since Jan. 1 has been
$6,821,265 in 1894 against $4,907,082 in 1893.
During the early part of the week bleached cottons were in
good request in anticipation of the advance which had been

CDtft

en
03
p
03
<1
C
O

£■<!£* 0300
H^tOtOtOO
tom<iOM
217,898
132,781
158,3«8
109,513
19,428

2,779

to to to 09
W
«s|
j
< 1<1 X <|M00O0
H Q 0 H H 65
03 03
£*Q0 <llfrt0 03C
0

5,126,765
2,590,073
3,763,148
2,064,715
528,88 9|

129,803
14,298

o oD OOOOHGO
tO to 0301to £>
mC I 03<lt003£*
en

14,073,590
69,867,955

"85
687
S3
249
913
69

mm

54,694 12,835,057
505,979 36,045,372

Total................................... I 3,258
3,258

615

2,325
851
17,249
3,111
6,992
5,913
11,521
1,344
2,863
29,237
1,523

628,008
721,764

3,258

64
14

3,015
4,025

223
125
537
1,004
34

3,415
2,039
56,302
5,130
14,237
4,653
10,764
1,188
4,584
25,616
1,875

i 7,0401,349,772]

T otal....................... .........
China, v ia V ancouver*...

67
16
1,002
250

I 83,941,545

Since Jan. 1.

Great B r ita in ....
Other European.
C h in a.............„ 1 .
India.....................
Arabia...................
A frica....... ........ .
West In d ies.........
M e x ic o ................
Central America.
South A m erica..,
Other countries..

CO0 3 0 £*>—

o t o <1003

C <1030303
O

li

o m o 003

CC
Qb

ce to w o rn
C 00 <100 C 39
O
O

qoft

fcocoeo<]£»
M M
tO M

mV^03

g m eneo to
o

cn
»f*£*03£*
C<lj0^ p039
DDM
CH C
0
owmo3<i
ooMcnuoco
03 03 to 00 03

tien to co C
D

THE CHRONICLE.

200

S t a t e a n d C ity DefABTMEWT.
terms of subscription .

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is to furnish our subscribers with a weekly addition to and
continuation of the S t a t e a n d C i t y S u p p l e m e n t . In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
S t a t e a n d C i t y S u p p l e m e n t to as near the current date a s
possible. Hence if every Subscriber will note in his S u p p l e onM
ENT the page designated at the head of each item a
reference to the page where the item in the C h r o n ic l e can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts.
Assessment of Railroad, Bridge and Telegraph Property
in Missouri.—The Missouri State Board of Equalization has
recently completed its work on the assessment of railroad,
bridge and telegraph property. The total assessed valuation
of such property for 1894 is fixed at $70,299,236 17, against
$65,396,928 09 in 1893 and $63,884,058 in 1892. j
The following table gives a comparison of the 1893 and 1894
figures in some detail.
/--------- Equalized Valuation.--------- .
1894.
1893
Road-bed and superstructure.. ......$ 5 5 ,1 4 9 ,1 4 0 50
$50,951,165 50
Robing stock......................................... 10,070,35101
9,727,266 69
Buildings.................................................. 1,651,420 00
1,344,985 00
Bridges .............................................
2,500,000 00
2,4°>0,000 00
Telegraph lin es......................................
928,324 66
923,510 90
Totals................................................ $70,299,236 17
Increase over assessm ent of 18 9 3 ... $4,902,308 08

$65,396,928 09
_ .....
_

The mileage of railroads assessed by the board in 1893 was
6,167‘341, and in 1894 6,217*551, an increase of 50*210 miles.
The average value of railroad property per mile, as com­
pared with the assessment of 1893, is as follows:
Total value in 1894, $66,870,911 51; average per mile, $10,_
755 16. Total value in 1893, $62,023,417 19; average per mile,
$10,056 75. Showing an increase in the assessed value of rail­
road property, excluding of course bridge and telegraph prop­
erty, over the assessment of 1893, of $698 41 per mile, or 6*9
per cent.
Brooklyn, N. ¥.—(C h r o n ic l e vol. 58, pages 565, 691, 744,
786, 787, 831, 876, 953, 1045, 1118, and vol. 59, page 84,) —The
Brooklyn Sinking Fund Commissioners have redeemed $950,000 of outstanding tax certificates in order to do away with
the possibility of their city’s debt being beyond the statutory
limit. It was decided some two years ago that the tax certifi­
cates should not be included in the debt when figuring the
borrowing power of the city; but the question was again
brought up at a sale of Brooklyn securities which took place
last month. Bonds of the following description were offered
on July 20th:
LOANS—

L o c a l I m p . B o n d s—

When Due.

4s, J&J, $100,000.......Jan. 1 ,1 9 2 1
4s, J&J, 100,000.......Jan. l , 1922
M a in S e w e r R e l i e f
•Fu n d —

a n d E xten.

4s, J&J, $100,000.......Jan. 1 ,1 9 3 1
4s, J&J, 100,000...... Jan. 1 ,1 9 3 2

N. Y. & B r o o k l y n B r i d g e —
4s, J& J, $100,000.......Jan. 1 ,1 9 2 6
4s. J&J,
75,000.......Jan. 1 ,1 9 2 7
P erm an en t Wa ter L oan-

48, J&J, $100,000.......Jan. 1 ,1 9 1 3
S o l d ie r s ’
m ent—

and

S a il o r s ’ M o n u ­
*

4s, J&J, $50,000.........Jan. 1 ,1 9 2 5

It was reported that Harvey Fisk & Sons and Blake Bros.
& Co. were the highest bidders for the bonds, and that their
figures were the same. They offered 108*57 for the $175,000
in bridge bonds, 107*78 for $200,000 in local improvement
bonds, 106*18 for $200,000 in sewer bonds, 108*57 for $50,000 in
Soldiers’ and Sailors’ Monument bonds, and 106*18 for $100,000 in water bonds. The water bonds were withdrawn.




fVOL. L1X,

The Board of Assessors have recently finished their work of
determining the city’s assessed valuation for 1894. Not in­
cluding the new wards, the valuation of real estate for this
year is $501,647,801, and $22,360,085 is the valuation of per­
sonal property. Last year the real estate was valued at $486,531,506 and the personal property at $19,523,170. The inceease in the assessed value of real estate is $15,115,795 and in
personal property $2,836,915, making a total increase of $17,952,710. The total increase last year over the preceding year
was $22,314,847. The following table gives the figures by
wards:
.---------------189 4.---------------<
i
Personal
Property.
$9,170,799
239,900
613,582
786.737
113,000
653,050
1,272,800
136,703
780,795
61,400
443,500
860,200
1,241,438
156.229
26,300
118,958
275,683
104,000
897,300
1,391,148
196,500
432,150
1,733,180
253,500
118,600
97,727
63,800
121,005

Wards.
Beal Estate
I ........... ...$ 3 1 ,9 6 2 ,4 1 7
2 ........... . . . 6,074,539
3 ........... . . . 17.470,957
4 ........... . . . 12,625,547
5 ........... . . . 5,684,131
6 ........... . . . 18,837,740
7 . . . . . . . . . . 25,852,442
8 ......... . . . 17,094,553
9 ........... . . . 23,078,525
10 _____ . . . 13,291,453
11 ........... . . . 14,596,038
1 2 ........... . . . 13,296,040
13 ........... . . . 17,421,727
1 4 ........... . . . 10,922,741
1 5 ........... . . . 7,773,270
1 6 ........... . . . 12,165,142
1 7 ........... . . . 19,179,625
1 8 ........... . . . 7,384.993
1 9 ........... . . . 20,325,638
2 0 .......... . . . 21,643,274
2 1 ........... . . . 21,921,626
2 2 ........... . . . 34,209,459
2 3 .......... . . . 43,954,105
2 4 ........... . . . 13,899,376
2 5 ........... . . . 20,420,564
2 6 ........... . . . 17,673,140
2 7 ........... . . . 11,819,585
2 8 ........... . . . 21,068,654

T o ta l.....$501,647,301
Inc., 1894 $15,115,795

$22,360,085
$2,836,915

---------------- 18 93----------- — >
Personal
Beal Estate.
Property.
$31,550,619
$9,751,250
6,001,960
172,000
17,036,740
450,603
12,387,183
762,398
5,680,470
25,000
18,877,317
819,790
25,407,248
800,000
14,804,421
134,090
22,452,551
481 ,3 4 0
13,250,087
56,500
14,313,570
300.900
13,074,096
694,700
17,303,860
1,184,970
10,641,400
114,692
7,594,380
12,300
11,821,780
79,724
18,708,080
260,450
7,121,395
77.000
19,957,740
576,250
21,500,604
1,220,817
21,433,337
148,000
244,860
32,7 58,987
540,940
42,941,775
13,211,572
245,000
100,000
19,812,877
68,316
16,421,415
11,012,652
86,500
19,353,390
62,780
$486,531,506

$ 19,523,170

Improved real estate in Brooklyn is assessed at about 70 per
cent of its actual value, and unimproved real estate at about
50 per cent. In the following table we give the new figures
in connection with those for previous years, as reported in
our S t a t e a n d C i t y S u p p l e m e n t .
>
------------------Assessed Valuation.------------------, Bate o f Tax
Years.
Beal.
Personal.
Total.
per $1,000.
1894..............$501,647,301
$22,360,085
$524,007,386
.........
1893.............. 486,531,506
19,523,170
506,054,676 $28*50
1892............... 467,112,382
16,615,947
483,728,329
27*70
1891............... 448,802,470
18,111,779 _ 466,914,249
25*67
1890............... 430,911,794
21,846,807
452,758,601
29*482
1889............... 407,127,535
21,330,546
358,270,667
26*50
1888............... 385,904,998
22,597,240
354,140,088
26*563
1887............... 362,166,083
21,685,591
383,851,674
27*595
1886............... 339,922,812
14,217,276
408,502,238
27*347
1885............
336,221,357 22,049,310
428,458,081
29*482
1880............... 223,620,197
11,215,794
234,835,991
26*90

The Brooklyn Aldermen have authorized the issuance of
water bonds to the amount of $750,000. The money will be
used for extensions, which the city stands in much need of.
Bond Proposals and Negotiations.—We have re­
served through the week the following notices of 1 onds
recently negotiated and bonds offered and to be offered for
sale.
Altoona, Pa.—Proposals will be received until August 7
by John Currie, Chairman of the Finance Committee, for
the purchase of 4 per cent water bonds of the city of Altoona
to the amount of $220,000. The bonds will be dated July 2,
1894, and interest will be payable semi-annually, in gold, on
January 1 and July 1.
Aurora, 111.—(C h r o n ic l e , vol. 59, page 163.)—City Clerk
J. M. Kennedy will receive both sealed and open bids at 2 P.
M. on August 4 for $30,000 of 5 per cent water bonds. The
securities will be for $500 each, dated August 1, 1894, and
maturing August 1, 1914. Interest will be payable semi­
annually at the First National Bank of New York City. The
city’s total debt, including this issue, is $188,000; assessed
valuation, $3,904,692; real valuation, $19,523,460. The pres­
ent population, according to local figures, is 25,000.
F ull particulars in regard to the issne and sale o f the new
securities will he fo u n d in ah advertisement on another page
o f this Department.

Battle Creek, Mich.—(C h r o n ic l e , vol. 59, page 38.)— Sewer
bonds of this city to the amount of $10,000 are now being
offered for sale. The loan bears interest at the rate of 5 per
cent, payable semi-annually at the City Bank of Battle Creek
and matures Sept. 1, 1909.
The city’s total indebtedness at present is $129,000. Its
population, according to local figures, is 16,000.
Bellevue, Ohio.—(C h r o n ic l e , vol. 58, pages 1002 and 1045
and vol. 59, page 125.)—
Six thousand five hundred dollars of
street improvement bonds of Bellevue were sold on July 23

A u g u st

4, 1894. |

to M. Gusdorf, of Fremont, O., for a premium of $105. Four
other bids were received for the loan, but as no checks were
enclosed the bids were not considered. The loan is dated
August 1, 1894, bears interest at the rate of 5 per cent, pay­
able semi-annually on February 1 and August 1, and matures
part yearly from August 1, 1895, to August 1,1904, payable at
the American Exchange National Bank, New York.f
B illerica, Mass.—(C h r o n ic l e , vol. 5b, page 1045.)—It is re­
ported that this town will soon issue bonds to the amount of
$30,000, the loan to bear interest at the rate of 4 per cent and
to become due in 25 years.J
____
I_
L
Bradford, Pa.—(C h r o n ic l e , vol. 58, pages 914,1002 and
1081 and vol. 59. page 163.)—J. A. Lindsey, City Clerk, writes
the C h r o n ic l e that an election held July 31 to vote on issuing
$83,338 of improvement bonds resulted in the defeat of the
proposition.
Butler County, Ohio.—(C h r o n ic l e , vol. 58, pages 611, 649
and 787.)—It is- reported that $100,000 of 4 per cent bridge
bonds of this county, recently offered for sale, have not been
disposed of, and that they will be re-advertised, the interest
rate to be changed to 4% per cent. The loan runs from 16 to
30 years.
i
Cambridge City, Ind.—The people of Cambridge City voted
on July 24 in favor of constructing water-works at an esti­
mated cost of $25,000, for which bonds will probably be issued.
Cambridge, Mass.—Proposals w ill be received until August
8 by William W. Dallinger, City Treasurer, for the purchase
of $118,000 of coupon building bonds and $75,000 of coupon
sewer bonds. Both loans bear interest at the rate of 4 per
cent, payable semi-annually, the building bonds maturing
August 1, 1914, and the sewer bonds August 1, 1924.
Chatham County, Ga.—Road improvement bonds of this
county to the amount of $500,000 are under consideration.
Chester Fire District, Mass.—(C h r o n i c l e , vol. 59, p. 125.)
—It is reported that no bids were received for $20,000 of cou­
pon water bonds of this district, offered for sale July 25.
The loan is to be dated July 1,1894, bear interest at the rate of
3)£ per cent, payable semi-annually (J. & J.), and mature July
1,1919. Both principal and interest to be payable at any
national bank in either Boston or Springfield, Mass.
Chicago Sanitary District, Ills.—(C h r o n i c l e , vol. 58,
pages 1045 and 1081, and vol. 59, page 83.)—It is reported that
bonds of this district to the amount of $3,000,000 will be re­
advertised, the loan to bear interest at the rate of 5 per cent.
These bonds were previously offered for sale, with interest
at the rate of 4 per cent, but no satisfactory bids were re­
ceived. The loan will mature at the rate of $150,000 yearly
from July 1, 1895, to July 1,1914, both inclusive, and inter­
est will be payable semi-annually in Chicago on the 1st of
January and July. The bonds will be sold in lots of $25,000
and multiples of that sum, each purchaser being required to
take a pro rata share of short and long-time bonds.
Clifton, Ohio.—S. G. Sterling, Village Clerk, will receive
proposals until August 18 for the purchase of $2,000 of water
extension bonds. They will bear interest at the rate of 4J£
per cent and will mature in 30 years.
Columbus, Ohio.—(C h r o n ic l e , vol. 58, page 692.)—Bids
will be received for the purchase of $25,000 of ja il bonds, the
loan to bear interest at the rate of 6 per cent.
Coxsackie, N. Y .— (C h r o n ic l e , vol. 59, page 125.)—Water
bonds of this village to the amount of $35,000 were awarded
on July 31 as follows: L. W. Morrison, of New York, $10,000
at a premium of of 1 per cent; Rondout Savings Bank $5,000
at 1 9-16 per cent premium and $5,000 at 2% percent premium;
Catskill Savings Bank $5,000 at 1 9-16 per cent premium and
$5,000 at 2 ^ per cent premium; and Saugerties Savings Bank
$5,000 at 2% per cent premium. Interest at the rate of 4 per
cent will be payable semi-annually in Coxsackie, and the
bonds will mature at the rate of $2,000 yearly after ten years
from date.
Evart, Mich.—(C h r o n ic l e , vol. 58, pages 565 and 1119.)—
Electric-light bonds of this village to the amount of $5,000
were awarded on July 23 to Deitz, Dennison & Prior, of
Cleveland, Ohio, for $5,210. The loan bears interest at the
rate of 6 per cent and becomes due at the rate of $1,0 0 0 yearly
from 1899 to 1903.
Gardner, Mass.—Four per cent sewer bonds of this town
to the amount of $18,000 will soon be issued.
Genesee, Idaho.—This city has voted to issue $13,500 of
bonds for water-works.
Hamilton, Ohio.—(C h r o n ic l e , vol. 58, pages 565, 744,
953, 1002 and 1046.)—It is reported that $60,000 of 4 ^ per
cent sewer bonds have recently been awarded to Seasongood
& Mayer. The loan was previously awarded to W. J. Hayes
& Sons, who refused to accept it.
Homestead, Pa.—The people of this borough have voted in
favor of issuing $30,000 of water-works bonds.
Hoboken, N. J.—(C h r o n ic l e , vol. 59, page 8 6 .)—Four per
cent 15-year engine house bonds of this city to the amount of
$18,000 were sold at par on July 25 to the Hoboken Bank
for Savings. Other bidders were : C. H. White & Co., of
New York, who offered to take 4 per cent bonds at par, the
city to allow $714 60 for expenses, or 4% per cent bonds at a
premium of $304 20 ; E. H. Rollins & Sons, of Boston, Mass.,



201

THE CHRONICLE.

who offered par (for 4 per cent bonds) less $175 attorney’s fees,
and Edward C. Jones & Co., of New Yoik, who offered par
(for 4 per cent bonds) less a commission of $700.
Laconia, N. H.—(C h r o n ic l e , vol. 59, page 126.)—I t is re­
ported that $126,000 of 4 per cent sewerage and funding bonds
of Laconia offered for sale July 30 have been awarded to
E. H. Rollins & Sons at 104 5. The bonds are dated October
1, 1894, and mature at the rate of $7,000 yearly from October
1,1924, to October 1,1941. Interest will be payable semi-annu­
ally on April 1 and October 1 at the National Bank of the
Republic, Boston, Mass.
Lake Placid, N. Y.—Sewerage bonds to the amount of
$9,000 have been authorized.
Lexington, 111.—(C h r o n ic l e , vol. 59, page 38.)—An elec­
tion held July 17 to vote oa issuing $7,500 of water-works
bonds resulted in favor of the proposition.
Marblehead, Mass.—It is reported that this town has re­
cently disposed of $50,000 of electric-light bonds at 105’375.
The bonds bear interest at the rate of 4 per cent and become
due in 30 years.
Malden, Mass.—(C h r o n ic l e , vol. 58, pages 611, 692, 744
and 787.)—Bids were to be received until yesterday for the
purchase of $100,000 of sewer bonds. The loan bears interest
at the rate of 4 per cent and runs thirty years.
Marengo, Iowa.—Water-works bonds to the amount of
$8,000 have been voted.
Marion, Ohio.—(C h r o n ic l e , vol. 58, page 915.)—
Bids will
be received until August 21 for the purchase of 6 per cent
paving bonds to the amount of $20,000. The loan will mature
part yearly in from one to seven years.
Marietta, Ohio.—(C h r o n ic l e , vol. 58, pages 650, 692 and
915, and vol. 59, page 126.)—
Sealed proposals will be received
until August 28 by L. Mueller, City Clerk, for the purchase of
$12,000 of 5 per cent sewer bonds maturing at the rate of $500
every six months from August 1,1898, to February 1, 1910.
Interest will be payable semi-annually, both principal and
interest being payable in gold at the Fiscal Agency, New
York City. The City Clerk makes the following statement
regarding the financial condition of the municipality, the
new bonds mentioned above not being included in the debt : .
Bonded D

B onded D

ebt—

Water-works.............. $110,000
Street im p r o v e m e n t....« 58,500
Eleotric lig h t............
6,000
Refunding:........................
78,000
School h o u s e ............ 14,000

ebt—

Special asst, bonds....... $25,859 41
Sinking f u n d s . . . . . . . . .

$292,359 41
10,039 44

N et in d eb ted n ess...$282,319 97

$266,500

Bonded indebtedness, exclusive of special assessments, is
being reduced at the rate of $9,000 per annum.
Assessed valuution (about 50 per cent of real value), $3,500,000.

Tax rate for all purposes (4 wards), $26.60 per $1,000; 2
wards, $27 50 per $1,000.
Population (Census 1890), 8,273; estimated, 10,000.
Payment of all bonds approaching maturity, and interest,
provided for by levy.
The city has never defaulted in the payment of principal or
interest.
No county or township indebtedness exists.
Marshall, 111.—At an election held July 20 the question of
issuing $32,000 of water-works bonds was voted down.
Meadville, Pa.—Bonds of this city to the amount of $75,000
w ill probably be issued for water-works.
Middlebnry, Vt. —Bonds have been voted for the construc­
tion of sewers estimated to cost about $3,500.
Morris County, N. J.—(C h r o n ic l e , vol. 58, page 1083, and
vol. 59, page 164.)—It is reported that $350,000 of county bonds
have been authorized for constructing macadamized roads.
New Haven, Ind.—(C h r o n ic l e , vol. 59, page 126.)—D. E.
Callaghan, Clerk, writes the C h r o n ic l e that bonds of this
town have recently been sold.
New Orleans, La.—(S t a t e a n d C i t y S u p p l e m e n t , page
172.)—Proposals will be received until September 1st at the
office of the “Board of Liquidation of the City Debt” in New
Orleans or at the banking house of Messrs. Winslow, Lanier &
Co., of New York, for $4,500,000 of New Orleans constitu­
tional bonds. The securities will bear 4 per cent interest,
payable semi-annually January and July, and they will ma­
ture fifty years from date of issue. Interest will be payable
both in New York and New Orleans. Bidders must be pre­
pared to pay for the amount of bonds awarded to them in
cash before December 1, 1894, when the securities will be de­
livered. The Constitutional Amendment and Act 6 f Legisla­
ture under which these bonds are issued was approved in 1890.
It authorizes the city of New Orleans to refund its debt at a
lower rate of interest.
Four per cent 50-year bonds to the amount of $10,000,000
w ill be issued, or so much thereof as is neede 1 for the bonds
falling due at 5, 6 and 7 per cent, and by this 3ans some $200,000 a year will be saved in interest. The am ldment provides

THE CHRONICLE.

202

^hat the interest tax collected in excess of requirements shall
be divided between city schools and city improvements, and
about $250,000 has already been transferred to those depart­
ments. It is not probable that in paying the 5% millions of
city debt which it is proposed to redeem in 1894 and 1895 that
the same amount of new 4s will have to be issued, as about
$500,000 of the maturing bonds will be provided for by re­
ceipts from taxes.
A n advertisement elsewhere in this Department gives f u r ­
ther particulars regarding the securities offered on Sept. 1.
Northfleld, Minn.—(Ch r o n ic l e , vol. 59, page 84.)—Twentyyear water bonds of Northfleld to the amount of $40,000 were
sold on July 20 to A. C. Anderson, St. Paul, Minn., at 102, the
loan to draw interest at the rate of 5 per cent. The bonds
w ill be dated July 1, 1894, and interest will be payable semi­
annually.
Norwood, Ohio.—(Ch r o n ic l e , vol. 58, pages 877, 916, 955,
1004 and 1083, and vol. 59, pages 39, 84 and 164.)—The people
of Norwood voted on July 25 in favor of issuing $50,000 of
water-works bonds.
Pennsylvania.—(S t a i e a n d C i t y S u p p l e m e n t , page 64.)—
It is reported that the Pennsylvania funding loan of 1879 will
be redeemed this year. Tne bonds bear 4 per cent interest
payable February and August, and the loan matures August
1, 1904, but is subject to call at any time after1August 1,1894.
The amount of the securities is $1,471,700.
Portsmouth, Ohio.—(C h r o n ic l e , vol. 59, page 84.)—The
following bids were received on July 31st for $60,000 of 5 per
cent funding bonds of Portsmouth.

rVOL.

L1X.

I. P. Thurman, Chicago.................................................................. P a r a n d in t
Blake Btos. & Co., New Y ork.........................................................$61,290
Cushman, Fisher & Co., N ew Y ork......... ..................................... 60,665
Farson, Leach & Co., New Y ork.................................. ................. 60,500
E. H. Rollins & Sons, B oston ......................................................... 61,272
Illinois Trust & Savings Company, Chicago................ ............. 61,020
N. W. Harris & Co., Chicago........................................................... 61,575
Third National Bank, B oston ........................................................ 61,430

Interest on the loan will be payable semi-annually, February
and August, and the principal will mature at the rate of
$5,000 yearly beginning August 1,1896,
Bolfe, Iowa.—"Water- works bonds of this city to the amount
of $10,000 have recently been voted.
Borne, N. Y.— h r o n ic l e , vol. 59, page 84.)—K. S. Putnam,
-(C
City Chamberlain, will receive proposals until August 20 for
the purchase of $10,000 of registered city-hall bonds. The
loan will be dated August 20, 1894, and will become due at
the rate of $1,000 yearly from November 1, 1895, to November
1,1904. Interest at the rate of 4 per cent will be payable
semi-annually on January 1 and July 1, both principal and
interest being payable at the Central National Bank of Rome.
The city’s total bonded indebtedness on July 30, 1894, was$184,000. Its population, according to local figures, is about
15,000.
Santa Cruz School District, Cal.—Bonds of this district to
the amount of $45,000 have recently been sold. They bear
interest at the rate of 6 per cent and mature in from six to
ten years.
Schoolcraft, Mich.—(C h r o n ic l e , vol. 59, page 164.)—There
is a current report to the effect that water-works bonds of this
village will probably be issued, but we are notified by J. W.
Budrow, Clerk, that no bond issue has been proposed.
Scranton, Pa.—(C h r o n ic l e , vol. 58, pages 611 and 917.)—
W. J. H ayes & Sons, Cleveland..................... ................................$61,685
It is reported that this city has sold $250,000 of 4% per cent
R. K lejbolte & Co., Cincinnati...................................................... 61,367
bonds at 108*5.
Western German Bank, Cincinnati............................ ................. 61,140
S«asongood& Mayer, Cincinnati.................................................. 60,933
Shickshinney, Pa.—Bonds to the amount of $8,000 will
Dietz, Dennison & Prior, Cleveland........................................... 61,418
probably be issued for an electric-light plant.
Lamprecht Eros. Co., Cleveland.................................................... 60,608
Mason, Lewis & Co., Chicago..^.................................................. 60,126
Sioux City, Iowa.—(C h r o n ic l e , vol. 59, page 127.)—There
Z. T. Lewis, D ayton........................................................................... 61,324*75
is a current report to the effect that $300,000 of bridge bonds
Spitzer & Co., T o led o..;..................... ....................... ...................... 61,351
S. A. Kean & Co., Chicago........................................ ....................... 60,661*50 have been voted, but we are notified by City Treasurer Abel

N E W LO A N S .

N E W LO A N S .

N EW LOANS.

$ 4,5 0 0 ,0 0 0

State of Massachusetts

August Investments.

Gold 3 l- 2 s , 1920 and 1924.

Constitutional Bonds of the
City of Detroit, Mich.
City of New Orleans.
Gold 4s, Nov., 1924.
N e w Or l e a n s , J u ly 21, 1894.
T h e B o a rd o f L iq u id a tio n o f th e C ity D e b t o f N ew
O rlean s, L a., in v ite oroposals fo r t h e p u rc h a s e o f
F o u r M illion F iv e H u n d re d T h o u s a n d ($4,600,000)
Gold 4s, July, 1 918.
D o lla rs, o r an y p a r t th e re o f, of t h e C o n s titu tio n a l
B o n d s o f th e C ity o f N ew O rleans, t o b e issu e d Prices and Particulars upon application.
u n d e r t h e C o n stitu tio n a l A m e n d m e n t a n d A c t o f
t h e L e g is la tu re o f th e S ta te o f L o u isia n a N o. 110 o f
1890, a p p ro v e d Jul> 8, 1890.
T h e b o n d s a re p ay a b le fifty y e a rs a f t e r d a te , b e a r­
in g F o u r P e r C ent in te r e s t p e r a n n u m , p a y a b le sem i­
a n n u a lly , r e p re s e n te d by coupons m a tu rin g 1 st o f
4 0 W ater Street, Boston, Mass.
J a n u a r y a n d 1 s t o f Ju ly , in N ew Y o rk a n d N ew
O rleans.
T h e b o n d s o ffered w ill b e sold to t h e h ig h e s t b id ­
d er, b u t t h e B o a rd re s e rv e s th e r ig h t to r e j e c t a n y
a n d all bids.
A n y pro p o sals to p u rc h a s e b o n d s u n d e r th i s a d ­
v e r tis e m e n t m u s t b e c o m p leted o n t b e 1st o f D e­
ce m b er, 1894, by th e p a y m e n t in ca sh o f t h e prices
bid a n d t h e d eliv ery o f th e b onds. S ealed pro p o sals
w ill b e re c e iv e d till S e p te m b e r 1,1894, a t th e office
52 WALL ST., NEW YORK.
o f t h e B o a rd o f L iq u id a tio n o f th e C ity D eb t, R oom
(G ro u n d F lo o r, o p p o s ite C u sto m H o u se .)
N o. 6, C ity H all, N ew O rleans, L a ., o r a t th e o a n k in g
h o u s e o f W inslow , L a n ie r & Co., N o. 17 N a s sa u St.,
N ew Y ork.
Chicago Office: 607 Tacoma Building.
F u ll p a rtic u la rs o f th e lo a n w ill b e f u rn is h e d b y
th e S e c re ta ry o f t h e B o ard o n a p p licatio n .
_ „
R . M. W A L M S L E Y , P re s id e n t.
T . W O L F E , J r ., S ecretary .

City of St. Louis, Mo.
R. L. Day & Co.,
German-American
Investment Co.,

July Investments.

$ 3 0 ,0 0 0
Aurora, III.,
W ATER BONDS.

Interest Payable Semi-Annually.
P a id b y th e p o w er o f ta x a tio n . F ir s t lie n o n th e
la n d . F o r b a n k a n : c th e r r e fe re n c e s ap p ly to

W. E. EOLBROOK,
0 W all St., New York.




M A SO N , L E W IS & C O .,
BANKERS,

171 LA S A LLE ST., CHICAGO.

C IT Y

OF

TA C O M A

W A TER BONDS.

W. J. Hayes & Sons,

6%Modesto Irrigation Dist. Gold Bonds

A ll o f the above Bonds are the straight,
unequivocal obligation of the municipality,
and payable by general ta x levy. Corres­
pondence invited.

City Youngstown, Ohio ...........................5s and 6s.
City Toledo, Ohio ................................. s.
5
5 Per Cent
City Omaha, Neb...................................5s.
City Portland, Ore ...............................5s.
City Aurora, 111......................................6s.
Asbury Park, N. J .................................5s.
Anderson, Ind ......................................... s.
6
Payable in GOLD COIN.
Skagit County, W ash .........................6s.
Maturing June, 1913.
Iron County, W is ................................... s.
6
Richfield Springs, N. Y .....................4s.
P R IC E a n d P A R T IC U L A R S u p o n A P P L IC A T IO N .
Dunkirk, N. Y ........................................4s.
Lansingburg, N. Y ................................4s.

S ealed a n d o p en b id s w ill b e re c e iv e d a t t h e office
o f t h e C ity C lerk ot t h e C ity o f A u ro ra , 111., f o r th e
s a le o f $30,000 w a te r bonds, b e a rin g 5 p e r c e n t i n t e r ­
e s t, p ay a b le sem i-an n u ally a t th e F ir s t N a tio n a l
B a n k o f N ew Y ork City.
D a te o f b o n d s, A u g u st 1,1894; d e n o m in a tio n , $500;
d a te o f m a tu rity , A u g u st 1.1914, n o o p tio n ; d a te o f
And other Choice Municipal Bonds for In­
s a le , A u g u s t 4,1894 a t 2 P . M. A u th o riz e d b y City
vestment by Savings Banks and Trustees.
O rd in a n c e passed J u ly 2,1894.
Descriptive Circulars upon Application.
R e a l v a lu a tio n , $19,523,460. A ssessed v a lu a tio n ,
$3,904,692. T o ta l in d e b te d n e ss, in c lu d in g th i s issu e,
$188,000. P o p u la tio n , 25,000.
J . M. K E N N E D Y , C ity C lerk.

$ 250,000

$ 6 0 ,0 0 0 Napoleon, O., 15-year W aterW orks ......................................................
5®
5 0 .0 0 0 R acine, , W is., 10-20-year
S chool.....................
4s
1 1 6 ,0 0 0 Kern County, Cal., 5-9-year
School (Gold) ................
,-6s
2 5 .0 0 0 Tracy, Minn., 10-year W ater- W orks......................................................6®
9 .0 0 0 R ushville, III., 6-year W aterOs
W orks ......................................................
9.0 0 0 Creighton, Neb., 5-20-year
W ater-W orks .................................... s
7
3 ,5 0 0 Rock Valley, Iowa, 10-year
S chool......................................................Os

BA NK ERS,

Dealers in MUNICIPAL BONDS.
Street Railway Bonds and other high grade in­
vestments.
311-313 Superior S t . ^
> Exchange

^

40-42 Wall St.,
New York

Cable Address, ‘•KENNETH.”

Farson, Leach & Co.,

2 WALL STREET,

-

-

NEW YORK.

Guaranteed Stock
Rome & Clinton RR. Co.
Leased in perpetuity to the D elaw are &
Hudson Canal Company.

Dividends 6 1-4% Per Annum.
PARTICULARS ON APPLICATION.

Street, Wykes & Co.,
44 WALL STREET,

-

NEW YORK.

A ug u st

Anderson that instead of bonds a bridge tax has been voted
and that no bonds are to be issued.
Slayton, Minn.—The people of Slayton will soon vote on
issuing water-works bonds to the amount of $10,000.
Syracuse, Neb.—The citizens of Syracuse will vote August
18 on the question of issuing bonds for water-works.
Toledo, Ohio—(C h r o n ic l e vol. 58, pages 652, 746, 788, 878,
1005, 1048 and 1084, and vol. 59. page 39.)—Eleven bids were
received on July 30 for $500,000 of water-works refunding
bonds, two of which not being accompanied by certified
checks for $25,000 each were not considered. The loan was
awarded to Messrs. Spitzer & Co., of Toledo, for $504,237.
A list of the offers sent in is given below.
Spitzer & Co., Toledo............................................................................ $504,237
R. K leyholte & Co., Cincinnati.......................................................
503,477
E. H. Rollins & Sons, B o s to n .................................... .............. . . 503,365
Third National Bank, B oston............................................................ 503,885
H om e Savings Bank, Toledo............................................................. 500,100
Street, Wykes & Co., New Y ork.......................................................... 503,965
First N ational Bank, Norwich, Conn............................................... 504,000
N. W. Harris & Co., Chicago......... ........ .............................. ............ 503,255
Becond National Bank. T o led o ............... ........ ........................... .... 503,000
W. J. H ayes & Sons, Cleveland.......................................................... 500,000
Farson, Leach & Co., Chicago................................... ....................... 5o3,750

The bonds will be dated September 1, 1894, and will run 20
years. Interest at the rate of 4 per cent w ill be payable
semi-annually, both principal and iuteresc being payable at
the Importers’ & Traders’ National Bank, New York City.
Sewer improvement bonds of Toledo to the amount of
$6,343 57 were also awarded on July 30 to the Second National
Bank of Toledo for a premium of $85. The number of bids
received for this loan was four. The bonds are dated June
26, 1894, bear interest at the rate of 5 per cent, payable semi­
annually, $493 57 of the amount falling due December 26,
1894, and $650 semi-annually thereafter until June 26, 1899.
Both principal and interest will be payable at the office of the
City Treasurer.
Vergcnnes, Y t.— (C h r o n ic l e , vol. 59, page 85.)—Four per
«cent coupon water bonds to the amount of $20,000 were
awarded on July 20 to E. H. Rollins & Sons at 102‘579. The
bonds become due in 20 years.

NEW

203

THE CHRONICLE.

4, 1894.]

NEW

LOANS,

STATE AND CITY DEBT CHANGES.
We subjoin reports as to municipal debts received since the
last publication of our State and City Supplement*
Some of these reports are wholly new and others cover items
of information additional to those given in the Supplement ,
and of interest to investors.

Clinton County, N. I . —(S t a t e a n d C i t y S u p p l e m e n t , page
46.)—A special report from Andrew Williams, County Treas­
urer, gives the following data concerning the county’s finances
on June 1, 1894. The county does not propose to issue any
more bonds, and the indebtedness w ill be reduced to $38,000
by the payment of $6,500 on March 1,1895. This amount will
be raised by taxation before January 1st.
County seat is Plattsburg.
LOANS—

When Due. Int. payable at Treasurer’s Office

Bonded debt June 1 ,1 8 9 4 .$ 4 4 ,5 0 0
County has no floating debt.
Tax valuation, real....... $6,065,079
Tax valuation, personal 693,920
I n d e b t ed n e ss B on d s—
4s, Mar. 1, $ 1 0 ,0 0 0 ...Mar. 1 ,1 8 9 5 Total valuation 1 8 9 3 ... 6,758,999
actual value.
($2,000 due y ’rly) to Mar. 1 ,1 8 9 9 Assessm ent about
4s, Mar. 1, $4,0 0 0 _ Mar. 1 ,1 9 0 0 Population 1890 w as............ 46,437
_
4s, Mar. 1, 1 0 ,0 0 0 ..Mar. 1,1901-2 Population 1880 w as............50,897
Co u r t H o u s e B o n d s —

4s, Mar. 1, $ 2 0 ,0 0 0 ...Mar. 1 ,1 8 9 5
($4,000 due y ’rly) to MSfr. 1 ,1 8 9 9

N o r m a l Sc h o o l B o n d s-

48, Mar. 1, $ 5 0 0 .........Mar. 1 ,1 8 9 5

Menomonee, W is —(C h o n ic l e , vol. 58, page 1082.)—R. J.
Flint, Mayor. The following data concerning the indebted­
ness, &c., of Menomonee, has been furnished to us by F. E.
Pease, Treasurer. No report from this city appeared in our
Supplem ent.

Menomonee is in Dunn County.
Bonded debt Aug. 1 , 1894.$14,000 Total valuation 1 8 94..$ 1 ,6 0 0 ,0 0 0
Assessm ent about 3-5 act. value.
City has no floating debt.
T ax valuation, real.......$1,000,000 Total ta x (per $1,000).........$33 00
Population in 1890 w a s...... .5,4 9 1
T a x v a lu a tio n , p e rs o n a l. 600,000

LOANS

M IS C E L L A N E O U S .

Rudolph Kleybolte & Co.,

M U N IC IP A L

INVESTMENTS IN THE SOUTH.

Investment Bankers,

Exchange Banking & Trust
Company,

BONDS

30 W est Third Street,

FOR INVESTMENT.

Cincinnati, Ohio.

CHARLESTON, S. C.
Choice Investment Bonds of Cities,
Counties and School Districts.

PARTICULARS UPON APPLICATION.

LISTS

C I T Y BONDS

M B V R IR S O F T H E N E W Y O R K A N D BOSTON
STOCK

jlX C H A N G E S.

m a il e d u p o n a p p l ic a t io n .

Netting from 4 Per Cent to 6 Per Cent.

D E A L E R S IN C O M M ER C IA L P A P E R .

W rite f o r d e s c rip tio n o f ch o ice s e c u ritie s issu ed
by c itie s o f g o o d fin a n c ia l s ta n d in g , w ith p o p u la tio n '
ra n g in g fro m 20,000 t o 150,000.

C. H. W H IT E & C O .,

2 8 STATE STREET, BOSTON.

BA NK ERS,

W. N: Coler & Co.,

72 B R O A D W A Y ,

-

NEW YO R K .

S p e c ia ltie s :

B O N D AND S T O C K D E A L E R S
W e b u y a n d sell o u tr ig h t a ll W e ste rn
. M unicipal B o n d s a n d S tocks.
We
c h e e rfu lly fu r n is h fu ll a n d re lia b le in ­
fo rm a tio n c o n c e rn in g a n y W e s te rn s e ­
c u rity w ith o u t ch a rg e . M o n th ly q u o ­
ta tio n c irc u la r m a ile d to all a p p lic a n ts.
N ew issu e s o f m u n ic ip a l b o n d s w a n te d .

805 P I N E S T R E E T . S T . L O U IS , M 09




A . S. J . P e r r t , o f J o h n s to n , C rew s & Co., w h o lesale
d ry goods.
W il l ia m M. B ir d , o f W m . M . B ird & Co., w h o le sa le
p a in ts a n d oils.
J a m es A l l a n o f J a m e s A lla n & Co., J e w e le rs .
J . H . F . K o e n ig -, w ith K noop, F re ric h s & Co., c o tto n
e x p o rte rs.
m . , ,
•
G e o . B . E d w a r d s P r e s . E le c tric -L ig h t & P o w e r o o

7 P e r I C e n tla n d 8 P e r C e n t N e t.

M U N IC IP A L ,
S T R E E T R A I L W A Y BO N »»
and
B A N K STO CKS.

M UNICIPAL BONDS.

Geo. M. Huston & Co.

OFFICERS.
G EO . B, E D W A R D S , P r e s id e n t.
P . N . P IC K E N S , C ash ier.
R . E . M U C K EN FU SS, S e c re ta ry a n d T r e a s u r e r
J . LA M B P E R R Y , S o licito r.
S M Y T H E & L E E , G e n e ra l C o u n sel.

Edward Morton & Co., MORTGAGE LOANS
IN
53 Broadway, New Y o rk .
TEXAS.

BANKERS.

34 NASSAU STREET.

IN V E S T M E N T S M A D E IN S A F E A N D R E L I ­
A B L E IN T E R E S T -P A Y IN G S O U T H E R N SEC U ­
R IT IE S , A N D F IR S T M O R T G A G ES ON IM
P R O V E D R E A L E S T A T E IN C IT IE S .
C o rresp o n d en ce so lic ite d a s to all S o u th e rn in v e s t­
m e n ts . B e in g w ith in ea sy re a c h o f a ll p a r ts o f th e
S o u th , th o r o u g h a n d c a re fu l in v e s tig a tio n f o r
p u rc h a s e rs c a n b e m a d e o f a ll in v e s tm e n ts .

DIRECTORS.

Blake Brothers & Co.,
5 NASSAU ST., NEW YORK.

Paid-up Capital,
8 1 0 0 ,0 0 0
Authorized Capital,
$ 1 ,0 0 0 ,0 0 0
Transacts a General Banking and Trust
Business. Interest Allowed on D eposits.

NO COMM ISSIONS c h a rg e d b o rro w e r o r le n d e r
u n ti l lo a n slb a v e p ro v e n good.

FRAMCISj SMITH & CO.,
S A N A N T O N IO , T E X A S .

|*Businessc Furniture.
X Piling

X Cabinets j
S

STATIONERS AND PR IN TER S.

Fixtures and Special Work to order.

f THE GLOBE CO.,%"cZ?J'st
B

Wm. Fisher & Sons,
B A N K E R S A N D B R O K E R S,

23 South Street.

S E A R S & W H IT E ,
S u ccesso rs to .
E U G E N E R . C O LE,

V

B ai tim ore,!Md

S u p p ly B an k s, B a n k e rs, S to ck B ro k e rs a n d C orp o ratio n s w ith c o m p le te o u tfits o f A c c o u n t B o o k s
an d S ta tio n e ry .
: ,
~
g y N e w c o n c e rn s o rg a n iz in g w ill h a v e tn e i
o rd e rs p ro m p tly e x e c u te d .

Mo. 1 W ILLIAM S T R E E T .
THE WALL STREET JOURNAL
g iv es v a lu a b le in fo rm a tio n d a ily o n sto c k s a n d b o n d s .
$6 a y e a r. D O W JO N E S & CO. 44 B ro a d S tre e t.

204

THE CHRONICLE.

[V ol .

gjmfcjtx s auá QvoTaubxs in

Œittj.

Wood, Huestis & Co., R. A. Lancaster & Co.,
31 Fine Street, New York City.
C O M M ISSIO N

BROKERS,

A N D D E A L E R S IK

IN V E S T M E N T

S E C U R IT IE S .

C. H . H U B S T IS
(M em ber N . T . S tock Exchange)
L . M. SW A N ,
E . H . L A D D , JR.,
G en eral P a r tn e r ..
C. D . W O O D, S pecial P a rtn e r.

John H. Davis & Co.,
BANKERS AND BROKERS,

INVESTMENT SECURITIES.

Simon Borg & Co.,
No. SO N A SSA U S T ., N E W Y O R K .

W m . M. H a r r im a n , M em b e r N. Y. S to ck E x c h a n g e .
N ic h o l a s F is h .
Ol iv e r H a r r im a n , J r .

Harriman & Co.,
BANKERS AND BROKERS,
T r a n s a c t a G e n e ra l B a n k in g a n d S to ck E x c h a n g e
B u sin ess.

Wm. J. Broadwell,
Ranker and Rroker,

Parkinson & Burr,
BANKERS AND BROKERS,
-

NEW YO R K .

BOSTON OFFICE, 53 STATE ST.
M em bers o f th e N ew T o rk a n d B o sto n S to ck E x ­
ch an g es. P r iv a te w ire b e tw e e n th e tw o offices.
In fo rm a tio n g iv e n in re g a rd to a ll B o s to n s e c u ritie s
a n d q u o ta tio n s fu rn is h e d .

7 NEW STR EET.
B o n d s, S to ck s a n d G ra in b o u g h t a n d so ld o n com
m issio n o r m a rg in . P r iv a t e W ire s.

CLAPP

& COM PANY,

BANKERS,
MILLS BUILDING,
NEW YORK.
S o lic it o rd e rs in S to ck s, C o tto n , G ra in & P ro v is io n s .
B ra n c h Offices :
277 B ro ad w ay , (C o rn er C h am b ers S tre e t,)
671 B ro ad w ay , (B ro ad w ay C e n tra l H o te l.)
D E P O S IT S R E C E IV E D . IN T E R E S T A L L O W E D .

ALL N. Y. CITY STREET RAILROAD

Gilman Son & Co.,

And other Investment Securities dealt In by

BANKERS,

R. J. Jacobs & Co.,
41 N E W S T R E E T , N E W

YORK.

M EM B EB S N. Y. STOCK E X C H A N G E .
O rd ers i n S tocks a n d B onds e x e c u te d fo r C ash o r o n
M argin.

BANKERS,
W ALL

STR EET,

NEW

YORK.

Established 1865.
M EM B ER S OK N E W Y O R K STOCK E X C H A N G E .
A llow in te r e s t o n d ep o sits s u b je c t to s ig h t ch eck .
B u y a n d sell o n com m ission sto ck s a n d b onds e ith e r
for ca sh o r o n m a rg in , a n d d ea l in

Investment Securities.
A. M. K id d e r ,
H . J . Mo r se .

Ch a s . D. Ma r v in ,

w . M . K id d e r

L o n g d is ta n c e T e le p h o n e :
“ 114 Co b t l a n d t .”

Stock

C able A d d re s s :
“ R u d é r a t io n , N , Y .’

Haight & Freese,
BANKERS
53

&

BROADW AY,

BROKERS,
NEW

YORK.

STOCKS, BONDS AMR GRAIN
B o u g h t a n d Sold a t 1-16 C om m ission.

Special attention given to out-of-town ae
counts.
T R A N S A C T A G E N E R A L B A N K IN G A N D STOCK
E X C H A N G E B U SIN ESS.

INVESTMENT BONDS.
A c c o u n ts o f B an k s, B a n k e rs a n d In d iv id u a ls
re c e iv e d o n fa v o ra b le te rm s .
B A N K R E F E R E N C E F U R N IS H E D .

Fred. H. Smith,
No. 8 B R O A D S T R E E T , N E W Y O R K .

Stocks, Bonds and Investments.
MARGIN ACCOUNTS

SOLICITED ,

1-16 P e r C e n t C om m ission.

NO. 62 C E D A R S T R E E T .
In a d d itio n to a G e n e ra l B a n k in g B u sin e ss, B u i
and Beli G o v e rn m e n t R o n d , an d In Ta» t m e n t Betif f *

IN T E R E S T

A L L O W E D O N BALANCES*

d e fe rs to R e lia b le B an k s. C o rresp o n d en ce In v ite d ,
E S T A B L IS H E D

INVESTMENT BONDS A SPECIALTY.

Rolston & Bass,
18

H . L JU D S O N , > M em b e rs N ew Y o rk
W . H . BURGER, J
E xchange.

EQUITABLE BUILDING, NEW YORK.

Railroad and Investment Securities.

fi 6 B R O A D W A Y ,

BROKERS,

Standard Oil Trust,
Wagner Palace Car Co.,
STEW YO R K .
American Bank Note Go.,
Michigan Peninsular Car Co. pfd„
D E A L E R S IN
Postal Tel.-Cahle Co.,
Long Island Traction,
INVESTMENT and MISCELLANEOUS
A n d a ll M iscellan eo u s S e c u ritie s a S p ecialty
SECURITIES.
Continental Bank Bldg., 7 Nassau St.,
NEW YORK,
Southern Securities a Specialty.
No. 10 W ALL STR E E T,

DEALERS IN ALL KINDS O i

So u t h er n Se c u r it ie s a Sp e o ia l t t .

H. I. Judson & Co.,

BANKERS,

No. 19 WALL ST., NEW YORK.
O rd ers fo r Stocks a n B onds e x e c u te d a t a ll E x ­
c h a n g e s. E sp ec ial a tte n tio n g iv e n to supp ly in g
h ig h -c lass

LIX.

STOCKS, BONDS A N D M ISC E L L A N E O U S
S E C U R IT IE S .
W. H . RO LSTO N ,
20 Broad Street,
W . A L E X . BA SS, J r .,
NEW YORK.
M em bers N . Y . S to ck E x .
E D W IN S. H O O L E Y .
P . O. B o x 8.089.

H e n r y G. Ca m pb e l l , ? M em b e rs N. Y. stock
J . B o rd en H a r r im a n , j
Exchange.

H. G. Campbell & Co.,
BANKERS AND BROKERS,
9 New Street and 74 Broadway,

S IN C E 1868.

Haven & Stout,
B A N K E R S AND B R O K E R S
2 E x c h a n g e C o u r t, N . Y .
Allow Interest at the rate o f four per cene
per annum on deposits subject to check.
Buy and 8 e ll R ailroad Stocks and Bondson Margin or for Cash at l-1 6 th
per cent Commission.
M em bers o f t h e C o n so lid a ted S to ck a n d P e tro le u m
E xchanges.

S. H. Wood Produce Co.*

M em ber N . Y . S tock E x c h an g e.

6 W ALL STR E E T,
96 BR O A D W AT,
5 PINE S TR E E T, N. Y.

BANKERS AND BROKERS,

913 to 9 17 Guaranty Loan Building*
M inneapolis, Minn.

NEW

YORK.

W il l ia m D. Ba r b o u r , F r e d ’k BiLLiNGSrSpecial
Ch a r l e s m . N ew com bs ,

N. Y. City Bank, Surety and
Trust Co. Stocks
Wm. D. Barbour & Co.,
B O U G H T A N D SOLD.
15 WALL STREET,

-

Investment Securities a Specialty.

Casper Wittman, Jr.,
M em hnr Í N ew Y o rk C o tto n E x c h an g e,
r I C o n so lid a ted S tock E x c h a n g e .

Nos. 60-612 Broadway, N. Y.
Call o r w rite f o r p a m p h le t e x p la in in g W all S tre e t
sp ecu latio n s, to g e th e r w ith a re c o rd o f

Thirty-iour Years In W all Street with
Burlington, Rock Island and St. Paul.
C om m ission 1-10.

C H A S . R . S IC K E L S ,

NEW YORK.

M argin 8 to 6 p e r s h a re .

60 BROADWAY,

-

-

NEW Y O RK.

L o n g d is ta n c e te le p h o n e , 4812 C o rtla n d t.
H EN R Y F , TAYLOR,
SA M U E L T . H A L S T E D .
M em b e r N . Y . S to ck E x c h .

Taylor & Halsted,
Bankers and Brokers,
2 NASSAU STREET,
NEW YORK.
Bonds and Guaranteed Stocks
a Specialty.
N IC K E L P L A T E 4 PER CENTS BOUGHT AND SOLD.

Geo. H. Prentiss & Co., W. H. Goadby & Co.,
DEALERS IN'

LOCAL SECURITIES.
3V W illiam Street, 5208 Montague St.,
New York.
Brooklyn.
Members of N. Y. Stock Exchange.

TR U S T COM PANY STO CKS
New York City and Brooklyn.
BOUGHT AND

SOLDj

CLINTON GILBERT,
6 WALL STREET,




-

NEW YORK

BANKERS AND BROKERS,
N o.

24

B R O A D

S T R E E T

New York

R. T . Wilson & Co.,
B A N K ER S

AND

C OM M ISSION

M ERCHANTS

3 3 W a ll S tre e t. N ew Y o rk .
A W E E K L Y P R IC E L IS T O F LO C A L S E C U R IT IE S
A Ge n e r a l Cir c u l a r W o r t h Y o u r R e a d in g .

J. P. Wintringham, 36 Pine St., N. Y.

Buy and sell all kinds of grain and produce
in the Minneapolis and Chicago m arkets.
Write for our SPECIAL MONTHLY AND
DAILY MARKET LETTERS.
COMMISSION *6. Telephone, 951 Cortlandt.

Gaston Hardy,
BROKER.

Southern Securities.
38 WALL S TR E ET

-

NEW YORK.

R ic h a r d P r ic e Mo r g a n .
E d w a r d r . Mo r g a n .
D w ig h t C. M o rg a n .

Rich. P. Morgan & Sons,
R A IL W A Y EXPERTS.
DW IGHT, ILLINOIS, U. 8. A.
H a v in g e x te n d e d e x p e rie n c e In t h e c o n s tru c tio n
a n d o p e ra tio n o f railw ay s, w e offer o u r se rv ic e s a»
I n d e p e n d e n t E x p e r t s to e x a m in e a n d r e p o r t
u p o n t h e c h a ra c te r a n d Co n d it io n o p t h e c o n ­
str u ctio n a n d E q u ip m e n t o f R a il w a y s a n d a lso
th e ir Sa f e N e t e a r n in g Ca p a c it y . W e h a v e
e x a m in e d f o r c a p ita lis ts a n d re p o rte d s e p a ra te ly
u p o n n e a rly a ll o f t h e p rin c ip a l ra ilro a d s w e s t o f
C hicago b e tw e e n C an a d a a n d M exico